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 | 64.5B | 60.7B | 60.1B | 57.0B | 53.7B |
| Operating Revenue | 64.5B | 60.7B | 60.1B | 57.0B | 53.7B |
| Cost Of Revenue | 43.9B | 41.3B | 40.5B | 38.5B | 36.4B |
| Gross Profit | 20.6B | 19.4B | 19.6B | 18.5B | 17.3B |
| Selling General And Administration | 15.5B | 15.5B | 15.2B | 14.0B | 13.3B |
| Operating Expense | 15.5B | 15.5B | 15.2B | 14.0B | 13.3B |
| Operating Income | 5.1B | 3.9B | 4.4B | 4.6B | 4.0B |
| EBIT | 4.8B | 4.2B | 4.7B | 4.7B | 3.5B |
| Interest Expense | 1.1B | 1.1B | 1.2B | 1.1B | 1.1B |
| Interest Expense Non Operating | 1.1B | 1.1B | 1.2B | 1.1B | 1.1B |
| Interest Income | 58.0M | 86.0M | 91.0M | 71.0M | 213.0M |
| Interest Income Non Operating | 58.0M | 86.0M | 91.0M | 71.0M | 213.0M |
| Net Interest Income | -1.5B | -834.0M | -889.0M | -913.0M | -1.5B |
| Other Income Expense | -- | -- | -- | -- | -180.0M |
| Other Non Operating Income Expenses | -- | -- | -- | -- | -412.0M |
| Gain On Sale Of Security | -- | -- | -- | -- | -180.0M |
| Pretax Income | 3.6B | 3.1B | 3.5B | 3.6B | 2.4B |
| Tax Provision | 1.3B | 833.0M | 849.0M | 831.0M | 630.0M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | -47.7M |
| Net Income From Continuing And Discontinued Operation | 1.1B | 1.4B | 1.5B | 1.8B | 431.0M |
| Net Income From Continuing Operation Net Minority Interest | 1.0B | 1.1B | 1.5B | 1.8B | 753.0M |
| Net Income Including Noncontrolling Interests | 2.5B | 2.5B | 2.6B | 2.8B | 1.4B |
| Minority Interests | -1.3B | -1.1B | -1.1B | -987.0M | -994.0M |
| Net Income Common Stockholders | 1.1B | 1.3B | 1.5B | 1.8B | 387.0M |
| Net Income | 1.1B | 1.4B | 1.5B | 1.8B | 431.0M |
| EBITDA | 7.1B | 6.8B | 7.2B | 7.1B | 5.9B |
| Normalized EBITDA | 7.1B | 6.8B | 7.2B | 7.1B | 6.1B |
| Reconciled Depreciation | 2.4B | 2.6B | 2.5B | 2.4B | 2.4B |
| Basic EPS | -- | 3.32 | 3.63 | 4.10 | 0.86 |
| Diluted EPS | -- | 3.27 | 3.58 | 4.05 | 0.84 |
| Basic Average Shares | -- | 396.5M | 412.5M | 432.6M | 449.7M |
| Diluted Average Shares | -- | 398.6M | 414.0M | 434.4M | 450.6M |
| Total Unusual Items | -- | -- | -- | -- | -180.0M |
| Total Unusual Items Excluding Goodwill | -- | -- | -- | -- | -180.0M |
| Tax Rate For Calcs | 0.35 | 0.27 | 0.24 | 0.23 | 0.27 |
| Normalized Income | 1.0B | 1.1B | 1.5B | 1.8B | 885.3M |
| Average Dilution Earnings | -13.0M | -11.0M | -12.0M | -11.0M | -9.0M |
| Diluted NI Availto Com Stockholders | 1.1B | 1.3B | 1.5B | 1.8B | 378.0M |
| Net Income Continuous Operations | 2.3B | 2.3B | 2.6B | 2.8B | 1.7B |
| Net Income Discontinuous Operations | 136.0M | 215.0M | 0.00 | -6.0M | -322.0M |
| Net Non Operating Interest Income Expense | -1.5B | -834.0M | -889.0M | -913.0M | -1.5B |
| Preferred Stock Dividends | 44.0M | 44.0M | 44.0M | 44.0M | 44.0M |
| Reconciled Cost Of Revenue | 43.9B | 41.3B | 40.5B | 38.5B | 36.4B |
| Total Expenses | 59.4B | 56.8B | 55.8B | 52.5B | 49.7B |
| Total Operating Income As Reported | 5.1B | 3.9B | 4.4B | 4.6B | 4.0B |
| Total Other Finance Cost | 407.0M | -164.0M | -231.0M | -98.0M | 601.0M |
| 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 | 1.4B | 2.0B | 2.5B | 2.3B | 3.0B |
| Cash Cash Equivalents And Short Term Investments | 1.5B | 2.7B | 2.9B | 2.8B | 3.9B |
| Cash Equivalents | 4.0M | 227.0M | 958.0M | 1.0B | 1.7B |
| Cash Financial | 1.4B | 1.8B | 1.5B | 1.3B | 1.3B |
| Other Short Term Investments | 43.0M | 648.0M | 472.0M | 503.0M | 879.0M |
| Accounts Receivable | 1.3B | 5.7B | 5.5B | 5.2B | 4.5B |
| Receivables | 1.3B | 5.7B | 5.5B | 5.2B | 4.8B |
| Inventory | 6.5B | 6.3B | 5.8B | 5.9B | 5.2B |
| Prepaid Assets | -- | -- | -- | 675.0M | 348.0M |
| Other Current Assets | 728.0M | 737.0M | 629.0M | 675.0M | 348.0M |
| Current Assets | 15.7B | 15.6B | 14.9B | 14.7B | 14.2B |
| Gross PPE | 38.9B | 36.1B | 33.4B | 31.1B | 29.2B |
| Accumulated Depreciation | -20.1B | -18.5B | -17.1B | -15.7B | -14.3B |
| Net PPE | 18.8B | 17.6B | 16.3B | 15.3B | 14.8B |
| Goodwill | 5.0B | 4.9B | 4.9B | 4.9B | 4.5B |
| Goodwill And Other Intangible Assets | 10.1B | 10.4B | 10.9B | 11.4B | 10.9B |
| Other Intangible Assets | 5.2B | 5.5B | 6.0B | 6.5B | 6.4B |
| Investments And Advances | 962.0M | 884.0M | 1.6B | 1.9B | 911.0M |
| Long Term Equity Investment | 962.0M | 884.0M | 884.0M | 996.0M | 564.0M |
| Other Investments | -- | 376.0M | 508.0M | 527.0M | 272.0M |
| Other Non Current Assets | 1.0B | 1.4B | 83.0M | 154.0M | 71.0M |
| Total Non Current Assets | 36.5B | 35.9B | 34.8B | 34.3B | 32.9B |
| Total Assets | 52.2B | 51.4B | 49.8B | 49.0B | 47.1B |
| Current Debt | 507.0M | 2.1B | 3.2B | 2.1B | 2.0B |
| Current Debt And Capital Lease Obligation | 1.5B | 3.2B | 4.1B | 2.9B | 2.8B |
| Accounts Payable | 7.5B | 7.9B | 6.9B | 6.7B | 5.9B |
| Payables | 8.1B | 8.3B | 7.6B | 7.4B | 6.6B |
| Payables And Accrued Expenses | 8.1B | 8.3B | 7.6B | 7.4B | 6.6B |
| Current Deferred Revenue | 0.00 | 353.0M | 166.0M | 125.0M | 75.0M |
| Other Current Liabilities | 4.6B | 212.0M | 123.0M | 180.0M | 190.0M |
| Current Liabilities | 14.2B | 12.5B | 12.1B | 10.8B | 9.8B |
| Long Term Debt | 12.7B | 14.1B | 12.6B | 13.4B | 12.5B |
| Long Term Debt And Capital Lease Obligation | 18.1B | 19.0B | 17.2B | 17.7B | 16.7B |
| Long Term Capital Lease Obligation | 5.4B | 5.0B | 4.6B | 4.3B | 4.2B |
| Other Non Current Liabilities | 4.9B | 4.5B | 4.6B | 4.8B | 4.9B |
| Total Non Current Liabilities Net Minority Interest | 25.3B | 25.8B | 24.2B | 25.0B | 24.2B |
| Total Liabilities Net Minority Interest | 39.6B | 38.3B | 36.3B | 35.8B | 33.9B |
| Common Stock | 2.4B | 2.5B | 2.5B | 2.6B | 2.7B |
| Capital Stock | 3.2B | 3.3B | 3.3B | 3.4B | 3.5B |
| Additional Paid In Capital | -3.3B | -2.8B | -2.3B | -1.9B | -1.5B |
| Retained Earnings | 5.1B | 5.5B | 5.4B | 5.1B | 4.8B |
| Gains Losses Not Affecting Retained Earnings | 244.0M | 246.0M | 204.0M | 197.0M | 84.0M |
| Other Equity Adjustments | -11.0M | -5.0M | 1.0M | 5.0M | -14.0M |
| Common Stock Equity | 4.5B | 5.4B | 5.9B | 6.0B | 6.1B |
| Stockholders Equity | 5.3B | 6.2B | 6.7B | 6.8B | 7.0B |
| Total Equity Gross Minority Interest | 12.6B | 13.1B | 13.5B | 13.2B | 13.1B |
| Minority Interest | 7.3B | 6.9B | 6.8B | 6.3B | 6.2B |
| Total Capitalization | 18.0B | 20.3B | 19.3B | 20.2B | 19.4B |
| Net Tangible Assets | -4.9B | -4.1B | -4.2B | -4.5B | -4.0B |
| Tangible Book Value | -5.7B | -4.9B | -5.0B | -5.4B | -4.8B |
| Working Capital | 1.4B | 3.0B | 2.9B | 3.9B | 4.4B |
| Invested Capital | 17.7B | 21.6B | 21.7B | 21.5B | 20.7B |
| Total Debt | 19.6B | 22.2B | 21.3B | 20.6B | 19.5B |
| Net Debt | 11.7B | 14.1B | 13.4B | 13.2B | 11.5B |
| Share Issued | 379.5M | 390.1M | 403.6M | 422.2M | 440.2M |
| Ordinary Shares Number | 379.3M | 389.9M | 403.3M | 421.7M | 439.8M |
| Allowance For Doubtful Accounts Receivable | -45.0M | -311.0M | -306.0M | -252.0M | -228.0M |
| Assets Held For Sale Current | 5.7B | 62.0M | 46.0M | 80.0M | 91.0M |
| Available For Sale Securities | -- | 203.0M | 238.0M | 302.0M | -- |
| Buildings And Improvements | 10.2B | 9.4B | 9.4B | 9.4B | 9.1B |
| Capital Lease Obligations | 6.4B | 6.0B | 5.4B | 5.2B | 5.0B |
| Construction In Progress | 987.0M | 1.5B | 1.1B | 531.0M | 406.0M |
| Current Capital Lease Obligation | 1.0B | 1.0B | 880.0M | 835.0M | 742.0M |
| Current Deferred Liabilities | 0.00 | 353.0M | 166.0M | 125.0M | 75.0M |
| Current Notes Payable | -- | -- | -- | -- | 0.00 |
| Current Provisions | 92.0M | 509.0M | 121.0M | 116.0M | 119.0M |
| Defined Pension Benefit | -- | 370.0M | 309.0M | 65.0M | 495.0M |
| Dueto Related Parties Current | 396.0M | 255.0M | 370.0M | 434.0M | 433.0M |
| Employee Benefits | 399.0M | 411.0M | 419.0M | 394.0M | 461.0M |
| Financial Assets | -- | -- | -- | -- | 0.00 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | -- | -- | 38.0M | 36.0M | 75.0M |
| Finished Goods | -- | -- | -- | -- | 5.2B |
| Fixed Assets Revaluation Reserve | 226.0M | 220.0M | 175.0M | 164.0M | 73.0M |
| Foreign Currency Translation Adjustments | 29.0M | 31.0M | 28.0M | 28.0M | 25.0M |
| Gross Accounts Receivable | 1.4B | 6.0B | 5.8B | 5.5B | 4.7B |
| Income Tax Payable | 124.0M | 141.0M | 307.0M | 246.0M | 269.0M |
| Inventories Adjustments Allowances | -29.0M | -32.0M | -46.0M | -43.0M | -67.0M |
| Investment Properties | 5.5B | 5.5B | 5.4B | 5.1B | 5.3B |
| Investmentin Financial Assets | -- | 203.0M | 238.0M | 338.0M | 75.0M |
| Investmentsin Joint Venturesat Cost | 962.0M | 884.0M | 884.0M | 996.0M | 564.0M |
| Land And Improvements | 2.0B | 2.0B | 2.0B | 2.0B | 2.0B |
| Leases | 12.6B | 11.3B | 10.0B | 9.1B | 8.2B |
| Line Of Credit | -- | 0.00 | 13.0M | 8.0M | 52.0M |
| Long Term Provisions | 102.0M | 105.0M | 96.0M | 84.0M | 90.0M |
| Machinery Furniture Equipment | 12.8B | 11.8B | 10.8B | 10.0B | 9.4B |
| Non Current Accounts Receivable | -- | 152.0M | 35.0M | 63.0M | 70.0M |
| Non Current Deferred Assets | 76.0M | 128.0M | 138.0M | 98.0M | 113.0M |
| Non Current Deferred Liabilities | 1.8B | 1.7B | 1.9B | 2.0B | 2.0B |
| Non Current Deferred Taxes Assets | 76.0M | 128.0M | 138.0M | 98.0M | 113.0M |
| Non Current Deferred Taxes Liabilities | 1.8B | 1.7B | 1.9B | 2.0B | 2.0B |
| Non Current Note Receivables | -- | 79.0M | 82.0M | 202.0M | 107.0M |
| Non Current Pension And Other Postretirement Benefit Plans | 252.0M | 271.0M | 282.0M | 279.0M | 340.0M |
| Non Current Prepaid Assets | 38.0M | 38.0M | 38.0M | -- | 75.0M |
| Other Current Borrowings | 507.0M | 2.1B | 3.2B | 2.1B | 2.0B |
| Other Inventories | 6.5B | 6.4B | 5.9B | 5.9B | 5.2B |
| Other Properties | 249.0M | 199.0M | 185.0M | 131.0M | 99.0M |
| Other Receivables | -- | -- | -- | -- | 3.4B |
| Preferred Shares Number | 33.4M | 33.4M | 33.4M | 33.4M | 25.4M |
| Preferred Stock | 817.0M | 817.0M | 817.0M | 817.0M | 817.0M |
| Preferred Stock Equity | 817.0M | 817.0M | 817.0M | 817.0M | 817.0M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | -- | -- | -- | -- | 0.00 |
| Taxes Receivable | -- | -- | -- | 0.00 | 301.0M |
| Total Tax Payable | 124.0M | 141.0M | 307.0M | 246.0M | 269.0M |
| Treasury Shares Number | 234,549 | 259,881 | 371,685 | 481,395 | 423,318 |
| 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 | 6.3B | 6.1B | 5.9B | 4.9B | 5.1B |
| Cash Flow From Continuing Operating Activities | 6.3B | 6.1B | 5.8B | 4.9B | 5.1B |
| Depreciation And Amortization | 2.4B | 2.6B | 2.5B | 2.4B | 2.4B |
| Depreciation Amortization Depletion | 2.4B | 2.6B | 2.5B | 2.4B | 2.4B |
| Deferred Tax | 1.3B | 908.0M | 849.0M | 831.0M | 629.0M |
| Deferred Income Tax | 1.3B | 908.0M | 849.0M | 831.0M | 629.0M |
| Change In Working Capital | -606.0M | 334.0M | -236.0M | -1.1B | -299.0M |
| Changes In Account Receivables | 122.0M | -238.0M | -396.0M | -730.0M | -302.0M |
| Change In Receivables | 122.0M | -238.0M | -396.0M | -730.0M | -302.0M |
| Change In Inventory | -161.0M | -503.0M | 45.0M | -698.0M | -- |
| Change In Payables And Accrued Expense | -115.0M | 742.0M | 56.0M | 400.0M | -- |
| Change In Payable | -115.0M | 742.0M | 56.0M | 400.0M | -- |
| Change In Other Working Capital | -326.0M | 378.0M | 53.0M | -74.0M | 3.0M |
| Other Non Cash Items | 1.2B | 1.0B | 1.2B | 1.0B | 1.1B |
| Capital Expenditure | -2.4B | -2.4B | -2.3B | -1.9B | -1.5B |
| Purchase Of PPE | -2.1B | -2.0B | -1.9B | -1.4B | -1.1B |
| Net PPE Purchase And Sale | -2.1B | -2.0B | -1.9B | -1.4B | -1.1B |
| Purchase Of Business | -- | -- | 0.00 | -813.0M | 0.00 |
| Sale Of Business | -- | -- | -- | 0.00 | 0.00 |
| Purchase Of Investment | -59.0M | -176.0M | -2.0M | -180.0M | -272.0M |
| Sale Of Investment | 100.0M | 81.0M | 76.0M | 417.0M | 0.00 |
| Net Investment Purchase And Sale | 41.0M | -95.0M | 76.0M | 237.0M | -272.0M |
| Investing Cash Flow | -2.1B | -2.3B | -1.7B | -2.6B | -291.0M |
| Cash Flow From Continuing Investing Activities | -2.1B | -2.3B | -1.7B | -2.6B | -291.0M |
| Issuance Of Debt | 1.9B | 2.6B | 2.1B | 2.9B | 1.4B |
| Repayment Of Debt | -2.2B | -3.0B | -2.4B | -2.4B | -3.0B |
| Net Issuance Payments Of Debt | -384.0M | -407.0M | -274.0M | 422.0M | -1.5B |
| Issuance Of Capital Stock | 90.0M | 195.0M | 68.0M | 124.0M | 134.0M |
| Repurchase Of Capital Stock | -2.3B | -2.1B | -2.0B | -1.8B | -1.4B |
| Net Common Stock Issuance | -1.9B | -1.9B | -1.9B | -1.7B | -1.3B |
| Common Stock Dividend Paid | -442.0M | -399.0M | -381.0M | -367.0M | -342.0M |
| Common Stock Payments | -2.0B | -2.1B | -2.0B | -1.8B | -1.4B |
| Financing Cash Flow | -4.3B | -4.2B | -4.0B | -3.0B | -4.4B |
| Cash Flow From Continuing Financing Activities | -4.3B | -4.2B | -4.0B | -3.0B | -4.4B |
| Effect Of Exchange Rate Changes | -6.0M | 12.0M | 2.0M | 3.0M | 1.0M |
| Changes In Cash | -202.0M | -415.0M | 136.0M | -674.0M | 402.0M |
| Beginning Cash Position | 2.0B | 2.5B | 2.3B | 3.0B | 2.6B |
| End Cash Position | 1.8B | 2.0B | 2.5B | 2.3B | 3.0B |
| Free Cash Flow | 3.9B | 3.7B | 3.5B | 3.0B | 3.7B |
| Amortization Cash Flow | -- | 944.0M | 932.0M | 887.0M | 856.0M |
| Amortization Of Intangibles | -- | 944.0M | 932.0M | 887.0M | 856.0M |
| Asset Impairment Charge | 41.0M | 22.0M | 24.0M | 30.0M | 25.0M |
| Cash Dividends Paid | -486.0M | -443.0M | -425.0M | -411.0M | -386.0M |
| Change In Account Payable | -115.0M | 742.0M | 56.0M | 400.0M | -- |
| Change In Prepaid Assets | -126.0M | -45.0M | 6.0M | 5.0M | -- |
| Common Stock Issuance | 90.0M | 195.0M | 68.0M | 124.0M | 134.0M |
| Depreciation | -- | 1.7B | 1.6B | 1.5B | 1.6B |
| Gain Loss On Investment Securities | 61.0M | 8.0M | -26.0M | -734.0M | -145.0M |
| Gain Loss On Sale Of Business | -- | -- | 0.00 | 6.0M | 317.0M |
| Interest Paid Cff | -1.2B | -1.2B | -1.1B | -1.0B | -1.0B |
| Interest Received Cfo | 71.0M | 81.0M | 73.0M | 66.0M | 21.0M |
| Long Term Debt Issuance | 1.9B | 2.6B | 1.9B | 2.6B | 1.4B |
| Long Term Debt Payments | -2.1B | -3.0B | -2.4B | -2.4B | -2.8B |
| Net Business Purchase And Sale | -- | -- | 0.00 | -813.0M | 0.00 |
| Net Income From Continuing Operations | 2.5B | 2.5B | 2.6B | 2.8B | 1.4B |
| Net Intangibles Purchase And Sale | -350.0M | -377.0M | -407.0M | -419.0M | -400.0M |
| Net Long Term Debt Issuance | -234.0M | -357.0M | -429.0M | 216.0M | -1.4B |
| Net Other Financing Charges | -32.0M | -249.0M | -331.0M | -292.0M | -186.0M |
| Net Other Investing Changes | 227.0M | 190.0M | 600.0M | -139.0M | 1.4B |
| Net Preferred Stock Issuance | -225.0M | 0.00 | -- | -- | -- |
| Net Short Term Debt Issuance | -150.0M | -50.0M | 155.0M | 206.0M | -135.0M |
| Operating Gains Losses | 61.0M | 8.0M | -26.0M | -734.0M | -145.0M |
| Preferred Stock Dividend Paid | -44.0M | -44.0M | -44.0M | -44.0M | -44.0M |
| Preferred Stock Payments | -225.0M | 0.00 | -- | -- | -- |
| Provisionand Write Offof Assets | -- | -- | 67.0M | -8.0M | -22.0M |
| Purchase Of Intangibles | -350.0M | -377.0M | -407.0M | -419.0M | -400.0M |
| Short Term Debt Issuance | -- | -- | 155.0M | 250.0M | -- |
| Short Term Debt Payments | -150.0M | -50.0M | -- | -44.0M | -135.0M |
| Taxes Refund Paid | -1.1B | -1.3B | -1.0B | -592.0M | -706.0M |
| Unrealized Gain Loss On Investment Securities | 452.0M | -128.0M | -167.0M | 150.0M | 601.0M |