Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 3.7B | 3.8B | 4.3B | 2.9B | 1.9B |
| Operating Revenue | 3.6B | 3.7B | 4.1B | 2.7B | 1.8B |
| Cost Of Revenue | 2.1B | 1.8B | 2.2B | 1.6B | 667.0M |
| Gross Profit | 1.6B | 2.0B | 2.1B | 1.4B | 1.2B |
| Selling General And Administration | 429.0M | 455.0M | 332.0M | 327.0M | 290.0M |
| General And Administrative Expense | 429.0M | 455.0M | 332.0M | 327.0M | 290.0M |
| Depreciation And Amortization In Income Statement | 580.0M | 503.0M | 574.0M | 553.0M | 539.0M |
| Other Operating Expenses | 237.0M | 221.0M | 170.0M | 161.0M | 23.0M |
| Operating Expense | 1.2B | 1.2B | 1.1B | 1.0B | 852.0M |
| Operating Income | 373.0M | 810.0M | 1.0B | 310.0M | 338.0M |
| EBIT | 469.0M | 1.1B | 1.1B | 281.0M | 287.0M |
| Interest Expense | 302.0M | 223.0M | 163.0M | 140.0M | 140.0M |
| Interest Expense Non Operating | 302.0M | 223.0M | 163.0M | 140.0M | 140.0M |
| Interest Income | 8.0M | 9.0M | 11.0M | 12.0M | 13.0M |
| Interest Income Non Operating | 8.0M | 9.0M | 11.0M | 12.0M | 13.0M |
| Net Interest Income | -294.0M | -209.0M | -155.0M | -149.0M | -169.0M |
| Other Income Expense | 88.0M | 298.0M | 56.0M | -20.0M | -22.0M |
| Other Non Operating Income Expenses | -- | -- | -- | -- | 13.0M |
| Special Income Charges | -10.0M | 251.0M | -3.0M | -37.0M | -22.0M |
| Write Off | 0.00 | 27.0M | 0.00 | 0.00 | 58.0M |
| Gain On Sale Of Security | 21.0M | -29.0M | -6.0M | -15.0M | -9.0M |
| Earnings From Equity Interest | 77.0M | 76.0M | 65.0M | 32.0M | 9.0M |
| Pretax Income | 167.0M | 899.0M | 941.0M | 141.0M | 147.0M |
| Tax Provision | 8.0M | 198.0M | 204.0M | 13.0M | 60.0M |
| Tax Effect Of Unusual Items | 526,946 | 48.9M | -2.0M | -4.8M | -8.2M |
| Net Income From Continuing And Discontinued Operation | 160.0M | 699.0M | 744.0M | 138.0M | 98.0M |
| Net Income From Continuing Operation Net Minority Interest | 160.0M | 699.0M | 744.0M | 138.0M | 98.0M |
| Net Income Including Noncontrolling Interests | 159.0M | 701.0M | 737.0M | 128.0M | 87.0M |
| Minority Interests | 1.0M | -2.0M | 7.0M | 10.0M | 11.0M |
| Net Income Common Stockholders | 132.0M | 665.0M | 710.0M | 99.0M | 44.0M |
| Net Income | 160.0M | 699.0M | 744.0M | 138.0M | 98.0M |
| EBITDA | 1.0B | 1.6B | 1.7B | 834.0M | 826.0M |
| Normalized EBITDA | 1.0B | 1.4B | 1.7B | 886.0M | 857.0M |
| Reconciled Depreciation | 580.0M | 503.0M | 574.0M | 553.0M | 534.0M |
| Basic EPS | 0.88 | 5.16 | 6.07 | 0.85 | 0.39 |
| Diluted EPS | 0.88 | 5.15 | 6.04 | 0.84 | 0.39 |
| Basic Average Shares | 150.5M | 128.9M | 117.1M | 116.5M | 112.1M |
| Diluted Average Shares | 150.8M | 129.2M | 117.5M | 117.2M | 112.8M |
| Total Unusual Items | 11.0M | 222.0M | -9.0M | -52.0M | -31.0M |
| Total Unusual Items Excluding Goodwill | 11.0M | 222.0M | -9.0M | -52.0M | -31.0M |
| Tax Rate For Calcs | 0.05 | 0.22 | 0.22 | 0.09 | 0.27 |
| Normalized Income | 149.5M | 525.9M | 751.0M | 185.2M | 120.8M |
| Amortization | -- | 93.0M | 74.0M | 82.0M | 80.0M |
| Amortization Of Intangibles Income Statement | -- | 93.0M | 74.0M | 82.0M | 80.0M |
| Depreciation Amortization Depletion Income Statement | 580.0M | 503.0M | 574.0M | 553.0M | 539.0M |
| Depreciation Income Statement | -- | 410.0M | 500.0M | 471.0M | 459.0M |
| Diluted NI Availto Com Stockholders | 132.0M | 665.0M | 710.0M | 99.0M | 44.0M |
| Gain On Sale Of Business | 0.00 | 309.0M | 0.00 | -- | -- |
| Gain On Sale Of Ppe | -10.0M | -31.0M | -2.0M | 0.00 | 6.0M |
| Impairment Of Capital Assets | -- | -- | -- | 0.00 | 58.0M |
| Net Income Continuous Operations | 159.0M | 701.0M | 737.0M | 128.0M | 87.0M |
| Net Non Operating Interest Income Expense | -294.0M | -209.0M | -155.0M | -149.0M | -169.0M |
| Other Gand A | 246.0M | 201.0M | 153.0M | 143.0M | 114.0M |
| Other Special Charges | -- | 29.0M | 1.0M | 37.0M | -30.0M |
| Other Taxes | -- | -- | -- | -- | -88.0M |
| Preferred Stock Dividends | 28.0M | 34.0M | 34.0M | 39.0M | 54.0M |
| Reconciled Cost Of Revenue | 2.1B | 1.8B | 2.2B | 1.6B | 672.0M |
| Salaries And Wages | 183.0M | 254.0M | 179.0M | 184.0M | 176.0M |
| Total Expenses | 3.3B | 3.0B | 3.2B | 2.6B | 1.5B |
| Total Operating Income As Reported | 407.0M | 766.0M | 1.0B | 302.0M | 276.0M |
| Total Other Finance Cost | -- | -5.0M | 3.0M | 21.0M | 42.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 96.0M | 851.0M | 1.4B | 290.0M | 370.0M |
| Cash Cash Equivalents And Short Term Investments | 96.0M | 851.0M | 1.4B | 290.0M | 370.0M |
| Cash Equivalents | -- | -- | 1.4B | 290.0M | 370.0M |
| Cash Financial | -- | -- | -- | -- | 218.0M |
| Accounts Receivable | 124.0M | 109.0M | 281.0M | 70.0M | 62.0M |
| Receivables | 729.0M | 568.0M | 707.0M | 910.0M | 432.0M |
| Inventory | 323.0M | 235.0M | 309.0M | 242.0M | 217.0M |
| Prepaid Assets | 56.0M | 36.0M | 40.0M | 39.0M | 42.0M |
| Current Assets | 1.5B | 1.9B | 2.6B | 1.7B | 1.2B |
| Gross PPE | 14.3B | 10.6B | 9.7B | 9.0B | 8.5B |
| Accumulated Depreciation | -2.9B | -2.5B | -3.0B | -2.5B | -2.2B |
| Net PPE | 11.4B | 8.2B | 6.7B | 6.5B | 6.3B |
| Goodwill | 35.0M | 35.0M | 35.0M | 35.0M | 35.0M |
| Goodwill And Other Intangible Assets | 620.0M | 744.0M | 775.0M | 817.0M | 784.0M |
| Other Intangible Assets | 585.0M | 709.0M | 740.0M | 782.0M | 749.0M |
| Investments And Advances | 1.1B | 1.1B | 455.0M | 437.0M | 145.0M |
| Long Term Equity Investment | 1.1B | 1.1B | 455.0M | 437.0M | 145.0M |
| Other Non Current Assets | 107.0M | 145.0M | 110.0M | 49.0M | 47.0M |
| Total Non Current Assets | 13.9B | 11.0B | 8.5B | 8.4B | 7.9B |
| Total Assets | 15.4B | 12.9B | 11.2B | 10.1B | 9.1B |
| Current Debt | 347.0M | 157.0M | 590.0M | 133.0M | 126.0M |
| Current Debt And Capital Lease Obligation | 347.0M | 157.0M | 590.0M | 140.0M | 132.0M |
| Accounts Payable | 216.0M | 163.0M | 183.0M | 117.0M | 69.0M |
| Payables | 324.0M | 254.0M | 256.0M | 190.0M | 164.0M |
| Payables And Accrued Expenses | 789.0M | 751.0M | 717.0M | 1.2B | 624.0M |
| Current Accrued Expenses | 465.0M | 497.0M | 461.0M | 1.1B | 460.0M |
| Current Deferred Revenue | 3.0M | 4.0M | 5.0M | 135.0M | 123.0M |
| Other Current Liabilities | 307.0M | 178.0M | 602.0M | 616.0M | 276.0M |
| Current Liabilities | 1.6B | 1.4B | 2.0B | 2.2B | 1.2B |
| Long Term Debt | 6.4B | 4.8B | 4.1B | 3.6B | 3.2B |
| Long Term Debt And Capital Lease Obligation | 6.5B | 5.0B | 4.3B | 3.7B | 3.4B |
| Long Term Capital Lease Obligation | 154.0M | 134.0M | 140.0M | 146.0M | 137.0M |
| Other Non Current Liabilities | 202.0M | 182.0M | 31.0M | 245.0M | 291.0M |
| Total Non Current Liabilities Net Minority Interest | 9.0B | 7.0B | 5.9B | 5.5B | 5.0B |
| Total Liabilities Net Minority Interest | 10.6B | 8.4B | 8.0B | 7.7B | 6.2B |
| Common Stock | 4.6B | 3.8B | 2.9B | 2.9B | 2.9B |
| Capital Stock | 5.0B | 4.3B | 3.5B | 3.5B | 3.6B |
| Retained Earnings | -349.0M | -74.0M | -404.0M | -835.0M | -671.0M |
| Gains Losses Not Affecting Retained Earnings | 170.0M | 349.0M | 70.0M | -209.0M | -119.0M |
| Other Equity Adjustments | 78.0M | 108.0M | 48.0M | -264.0M | -119.0M |
| Common Stock Equity | 4.4B | 4.1B | 2.6B | 1.9B | 2.1B |
| Stockholders Equity | 4.9B | 4.6B | 3.2B | 2.5B | 2.8B |
| Total Equity Gross Minority Interest | 4.8B | 4.6B | 3.2B | 2.5B | 2.9B |
| Minority Interest | -8.0M | -5.0M | -4.0M | 6.0M | 18.0M |
| Total Capitalization | 11.2B | 9.4B | 7.3B | 6.0B | 6.1B |
| Net Tangible Assets | 4.2B | 3.8B | 2.4B | 1.6B | 2.1B |
| Tangible Book Value | 3.8B | 3.4B | 1.8B | 1.0B | 1.3B |
| Working Capital | -93.0M | 595.0M | 585.0M | -526.0M | -19.0M |
| Invested Capital | 11.1B | 9.1B | 7.3B | 5.6B | 5.4B |
| Total Debt | 6.9B | 5.1B | 4.9B | 3.9B | 3.5B |
| Net Debt | 6.6B | 4.1B | 3.3B | 3.4B | 3.0B |
| Share Issued | 156.0M | 139.0M | 117.7M | 116.9M | 116.2M |
| Ordinary Shares Number | 156.0M | 139.0M | 117.7M | 116.9M | 116.2M |
| Buildings And Improvements | -- | -- | 17.0M | 18.0M | 21.0M |
| Capital Lease Obligations | 154.0M | 134.0M | 140.0M | 153.0M | 143.0M |
| Construction In Progress | 758.0M | 863.0M | 1.2B | 719.0M | 396.0M |
| Current Capital Lease Obligation | -- | -- | 7.0M | 7.0M | 6.0M |
| Current Deferred Liabilities | 80.0M | 182.0M | 71.0M | 135.0M | 123.0M |
| Current Provisions | 112.0M | 85.0M | 67.0M | 72.0M | 50.0M |
| Derivative Product Liabilities | 719.0M | 494.0M | 422.0M | 624.0M | 352.0M |
| Dividends Payable | 108.0M | 91.0M | 72.0M | 68.0M | 64.0M |
| Financial Assets | 373.0M | 412.0M | 199.0M | 295.0M | 222.0M |
| Foreign Currency Translation Adjustments | 91.0M | 240.0M | 22.0M | 53.0M | -- |
| Hedging Assets Current | 315.0M | 244.0M | 153.0M | 188.0M | 108.0M |
| Interest Payable | 70.0M | 70.0M | 41.0M | 34.0M | 24.0M |
| Investmentsin Joint Venturesat Cost | -- | -- | -- | -- | 145.0M |
| Land And Improvements | -- | -- | 226.0M | 230.0M | 220.0M |
| Long Term Provisions | 504.0M | 373.0M | 352.0M | 325.0M | 411.0M |
| Machinery Furniture Equipment | -- | -- | 8.2B | 8.0B | 7.8B |
| Minimum Pension Liabilities | 1.0M | 1.0M | 0.00 | 2.0M | -- |
| Non Current Accounts Receivable | 320.0M | 380.0M | 294.0M | 344.0M | 349.0M |
| Non Current Deferred Assets | 26.0M | 26.0M | 16.0M | 20.0M | 17.0M |
| Non Current Deferred Liabilities | 995.0M | 1.0B | 852.0M | 530.0M | 584.0M |
| Non Current Deferred Revenue | 26.0M | 29.0M | 32.0M | 245.0M | 291.0M |
| Non Current Deferred Taxes Assets | 26.0M | 26.0M | 16.0M | 20.0M | 17.0M |
| Non Current Deferred Taxes Liabilities | 904.0M | 863.0M | 677.0M | 530.0M | 584.0M |
| Other Current Borrowings | 347.0M | 157.0M | 590.0M | 133.0M | 126.0M |
| Other Inventories | 177.0M | 114.0M | 180.0M | 93.0M | 51.0M |
| Other Properties | 13.5B | 9.8B | 8.4B | 8.3B | 8.1B |
| Other Receivables | 62.0M | 70.0M | 67.0M | 64.0M | 55.0M |
| Preferred Shares Number | 19.0M | 19.0M | 25.0M | 25.0M | -- |
| Preferred Stock | 453.0M | 453.0M | 603.0M | 603.0M | 753.0M |
| Preferred Stock Equity | 453.0M | 453.0M | 603.0M | 603.0M | 753.0M |
| Properties | -- | -- | 0.00 | 0.00 | 0.00 |
| Raw Materials | -- | -- | 129.0M | 149.0M | 166.0M |
| Restricted Cash | 23.0M | 14.0M | 17.0M | 17.0M | 17.0M |
| Taxes Receivable | 216.0M | 97.0M | 78.0M | 11.0M | 7.0M |
| Total Tax Payable | -- | 0.00 | 1.0M | 5.0M | 31.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 962.0M | 1.1B | 822.0M | 935.0M | 867.0M |
| Cash Flow From Continuing Operating Activities | 962.0M | 1.1B | 822.0M | 935.0M | 867.0M |
| Depreciation And Amortization | 580.0M | 503.0M | 574.0M | 553.0M | 534.0M |
| Depreciation Amortization Depletion | 580.0M | 503.0M | 574.0M | 553.0M | 534.0M |
| Deferred Tax | -68.0M | 122.0M | 133.0M | -70.0M | -28.0M |
| Deferred Income Tax | -68.0M | 122.0M | 133.0M | -70.0M | -28.0M |
| Change In Working Capital | -7.0M | 173.0M | -226.0M | 179.0M | 100.0M |
| Change In Receivables | -26.0M | 194.0M | 275.0M | -465.0M | -1.0M |
| Change In Inventory | -82.0M | 77.0M | -4.0M | -8.0M | 1.0M |
| Change In Payables And Accrued Expense | 96.0M | -58.0M | -470.0M | 655.0M | 86.0M |
| Change In Payable | 96.0M | -58.0M | -470.0M | 655.0M | 86.0M |
| Change In Other Working Capital | 5.0M | -40.0M | -27.0M | -3.0M | 14.0M |
| Other Non Cash Items | 312.0M | 293.0M | 273.0M | -157.0M | -11.0M |
| Capital Expenditure | -864.0M | -1.1B | -723.0M | -682.0M | -622.0M |
| Purchase Of PPE | -864.0M | -1.1B | -723.0M | -682.0M | -622.0M |
| Net PPE Purchase And Sale | -864.0M | -1.1B | -723.0M | -682.0M | -622.0M |
| Purchase Of Business | -3.0B | -1.2B | -134.0M | -273.0M | 0.00 |
| Sale Of Business | 0.00 | 333.0M | 0.00 | -- | -- |
| Investing Cash Flow | -3.8B | -1.9B | -807.0M | -910.0M | -565.0M |
| Cash Flow From Continuing Investing Activities | -3.8B | -1.9B | -807.0M | -910.0M | -565.0M |
| Issuance Of Debt | 2.5B | 1.1B | 1.2B | 447.0M | 236.0M |
| Repayment Of Debt | -650.0M | -781.0M | -151.0M | -77.0M | -347.0M |
| Net Issuance Payments Of Debt | 1.9B | 269.0M | 1.0B | 370.0M | -111.0M |
| Issuance Of Capital Stock | 667.0M | 460.0M | 0.00 | 0.00 | 288.0M |
| Repurchase Of Capital Stock | 0.00 | -150.0M | 0.00 | -150.0M | -200.0M |
| Net Common Stock Issuance | 667.0M | 460.0M | 0.00 | 0.00 | 288.0M |
| Common Stock Dividend Paid | -311.0M | -249.0M | -258.0M | -259.0M | -- |
| Common Stock Payments | -- | -- | -- | -- | 0.00 |
| Financing Cash Flow | 2.1B | 202.0M | 1.1B | -102.0M | -275.0M |
| Cash Flow From Continuing Financing Activities | 2.1B | 201.0M | 1.1B | -102.0M | -275.0M |
| Effect Of Exchange Rate Changes | -24.0M | 17.0M | -2.0M | -3.0M | -7.0M |
| Changes In Cash | -722.0M | -570.0M | 1.1B | -77.0M | 27.0M |
| Beginning Cash Position | 865.0M | 1.4B | 307.0M | 387.0M | 367.0M |
| End Cash Position | 119.0M | 865.0M | 1.4B | 307.0M | 387.0M |
| Free Cash Flow | 98.0M | 74.0M | 99.0M | 253.0M | 245.0M |
| Amortization Cash Flow | 86.0M | 93.0M | 74.0M | 82.0M | 80.0M |
| Amortization Of Intangibles | 86.0M | 93.0M | 74.0M | 82.0M | 80.0M |
| Asset Impairment Charge | 0.00 | 27.0M | 0.00 | 0.00 | 58.0M |
| Cash Dividends Paid | -339.0M | -281.0M | -290.0M | -296.0M | -219.0M |
| Common Stock Issuance | 667.0M | 460.0M | 0.00 | 0.00 | 288.0M |
| Depreciation | 494.0M | 410.0M | 500.0M | 471.0M | 454.0M |
| Dividend Received Cfo | 66.0M | 120.0M | 36.0M | 16.0M | 11.0M |
| Earnings Losses From Equity Investments | -77.0M | -76.0M | -65.0M | -32.0M | -9.0M |
| Gain Loss On Investment Securities | 342.0M | -238.0M | -321.0M | 429.0M | 220.0M |
| Gain Loss On Sale Of Business | 0.00 | -309.0M | 0.00 | -- | -- |
| Interest Paid Cff | -40.0M | -56.0M | -41.0M | -21.0M | -10.0M |
| Interest Paid Cfo | -304.0M | -163.0M | -111.0M | -89.0M | -111.0M |
| Long Term Debt Issuance | 2.5B | 1.1B | 1.2B | 447.0M | 236.0M |
| Long Term Debt Payments | -650.0M | -781.0M | -151.0M | -77.0M | -347.0M |
| Net Business Purchase And Sale | -3.0B | -891.0M | -134.0M | -273.0M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -21.0M | 29.0M | 6.0M | 15.0M | 9.0M |
| Net Income From Continuing Operations | 159.0M | 701.0M | 737.0M | 128.0M | 87.0M |
| Net Long Term Debt Issuance | 1.9B | 269.0M | 1.0B | 370.0M | -111.0M |
| Net Other Financing Charges | -78.0M | -66.0M | 377.0M | -21.0M | -44.0M |
| Net Other Investing Changes | 74.0M | 45.0M | 50.0M | 45.0M | 57.0M |
| Net Preferred Stock Issuance | 0.00 | -150.0M | 0.00 | -150.0M | -200.0M |
| Operating Gains Losses | 244.0M | -594.0M | -380.0M | 412.0M | 220.0M |
| Other Cash Adjustment Outside Changein Cash | 0.00 | -5.0M | 0.00 | -- | -- |
| Preferred Stock Dividend Paid | -28.0M | -32.0M | -32.0M | -37.0M | -- |
| Preferred Stock Payments | 0.00 | -150.0M | 0.00 | -150.0M | -200.0M |
| Proceeds From Stock Option Exercised | 10.0M | 26.0M | 8.0M | 16.0M | 21.0M |
| Taxes Refund Paid | -20.0M | -38.0M | -214.0M | -37.0M | 7.0M |