CHDN - Churchill Downs Incorporated
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$144.84
DETAILS
HIGH:
$167.00
LOW:
$60.75
MEDIAN:
$155.00
CONSENSUS:
$144.84
UPSIDE:
70.16%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 2,925.9 | 2,734.3 | 2,461.7 | 1,809.8 | 1,597.2 | 1,054 | 1,329.7 | 1,009 | 882.6 | 1,308.6 | 1,212.3 | 812.9 | 779.3 | 732.4 | 696.9 | 585.3 | 439.7 | 430.6 | 410.7 | 376.7 | 408.8 | 463.1 | 424.2 | 439.2 | 427.0 | 362.0 | 258.4 | 147.3 | 118.9 | 107.9 | 92.4 | 65.9 | 55.3 |
| Cost of Revenue | 1,943.3 | 1,795.8 | 1,666 | 1,243.4 | 1,151.1 | 860.5 | 986.7 | 719.4 | 629.8 | 993 | 922.9 | 634.0 | 606.2 | 568.8 | 551.3 | 491.3 | 354.0 | 344.3 | 326.4 | 301.6 | 342.2 | 383.5 | 345.9 | 353.7 | 345.6 | 270.3 | 196.1 | 113.3 | 90.8 | 82 | 69.3 | 32.9 | 27.9 |
| Gross Profit | 982.6 | 938.5 | 795.7 | 566.4 | 446.1 | 193.5 | 343 | 289.6 | 252.8 | 315.6 | 289.4 | 178.9 | 173.2 | 163.6 | 145.5 | 94 | 85.7 | 86.3 | 84.3 | 75.1 | 66.6 | 79.7 | 78.3 | 85.5 | 81.4 | 91.7 | 62.3 | 34 | 28.1 | 25.9 | 23.1 | 33 | 27.4 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 11.2 | 0 | 0 | 0 | 0 | 7.3 | 17.5 | 39 | 39.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 246.2 | 237.7 | 202.3 | 164.2 | 138.5 | 114.8 | 122 | 90.5 | 83.1 | 100.2 | 90.8 | 85.1 | 83.4 | 73.8 | 64.5 | 62.4 | 51.0 | 50.7 | 51.5 | 44.7 | 45.7 | 49.0 | 34.0 | 35.5 | 32.1 | 27.8 | 18.5 | 11.1 | 9.1 | 8.7 | 8.4 | 20.3 | 16.6 |
| Other Expenses | 0 | (8.2) | 18.2 | 80.4 | 23.2 | 18.5 | 5.3 | 0.7 | (0.2) | 0.2 | 5.8 | 0.6 | 0 | 0 | 0 | 0 | 0 | 6.2 | 42.3 | 0 | 0 | 0 | 0 | 4.5 | 0 | 17.3 | 11.3 | 5.7 | 4.6 | 4.8 | 4.5 | 3.3 | 2.4 |
| Operating Expenses | 246.2 | 229.5 | 231.7 | 244.6 | 161.7 | 133.3 | 127.3 | 90.5 | 83.9 | 141.7 | 144.0 | 85.1 | 83.4 | 73.8 | 64.5 | 62.4 | 51.0 | 33.5 | 50.7 | 25.5 | 45.7 | 49.0 | 34.0 | 40.0 | 32.1 | 45.1 | 29.8 | 16.8 | 13.7 | 13.5 | 12.9 | 23.6 | 19 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 736.4 | 709 | 564 | 321.8 | 284.4 | 60.2 | 215.7 | 188.8 | 145.7 | 194.2 | 123.6 | 90.4 | 90.1 | 96.8 | 81.0 | 31.6 | 34.7 | 52.8 | 33.6 | 49.6 | 20.9 | 30.7 | 44.3 | 45.5 | 49.3 | 46.6 | 32.5 | 17.2 | 14.4 | 12.4 | 10.2 | 9.4 | 8.4 |
| Interest Expense | 297.7 | 289.8 | 268.4 | 147.3 | 84.7 | 80 | 70.9 | 40.1 | 49.3 | 43.7 | 28.6 | 20.8 | 6.2 | 4.5 | 8.9 | 6.2 | 1.7 | 2.2 | 0 | 1.9 | 1.6 | 0 | 6.2 | 0 | 0 | 14.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.5 | 0.2 | 0.9 | 0.6 | 0 | 0.9 | 0.6 | 0 | 1.3 | 0 | 0 | 1.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 1,069.6 | 1,067.7 | 1,005.4 | 875.1 | 536.8 | 185.9 | 368.3 | 338 | 225.2 | 266.8 | 263.4 | 165.6 | 153.5 | 151.6 | 159.2 | 80.6 | 66.4 | 80.8 | 56.9 | 70.5 | 48.8 | 53.0 | 44.3 | 65.1 | 70.2 | 63.9 | 43.8 | 22.9 | 19 | 17.2 | 14.7 | 12.7 | 10.8 |
| EBIT | 830.1 | 863 | 830.2 | 756.1 | 428.3 | 88 | 267.3 | 274 | 151.8 | 191.1 | 144 | 97.4 | 91.7 | 95.8 | 104.0 | 34.1 | 36.2 | 52.0 | 33.6 | 49.6 | 23.9 | 31.0 | 44.3 | 45.4 | 49.6 | 46.6 | 32.5 | 17.2 | 14.4 | 12.4 | 10.2 | 9.4 | 8.4 |
| Income Before Tax | 532.4 | 573.2 | 561.8 | 608.8 | 343.6 | 8 | 196.4 | 233.9 | 102.5 | 168.1 | 112.1 | 76.5 | 85.5 | 91.4 | 95.1 | 27.9 | 34.5 | 49.8 | 29.3 | 49.6 | 22.7 | 22.9 | 40.4 | 35.5 | 37.2 | 32.6 | 25.9 | 17.3 | 14.9 | 13.1 | 10.3 | 10.2 | 9.4 |
| Income Tax Expense | 146.9 | 144.1 | 144.5 | 169.4 | 94.5 | (5.3) | 56.8 | 51.3 | (19.9) | 60 | 46.9 | 30.2 | 30.5 | 33.2 | 34.3 | 8.3 | 16.8 | 20.7 | 12.3 | 19.4 | 9.9 | 14.0 | 16.3 | 14.5 | 15.1 | 13.4 | 10.9 | 6.8 | 5.8 | 5 | 4.1 | 4 | 3.6 |
| Net Income | 379.7 | 426.8 | 417.3 | 439.4 | 249.1 | (81.9) | 137.5 | 352.8 | 140.5 | 108.1 | 65.2 | 46.4 | 54.9 | 58.3 | 64.4 | 16.4 | 16.8 | 28.5 | 15.7 | 29.8 | 78.9 | 9.1 | 24.0 | 21.0 | 22.1 | 19.2 | 15 | 10.5 | 9.1 | 8.1 | 6.2 | 6.2 | 5.9 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 5.36 | 5.73 | 5.55 | 5.80 | 3.23 | 0.17 | 1.71 | 4.27 | 1.49 | 1.09 | 0.63 | 0.45 | 0.52 | 0.56 | 0.63 | 0.18 | 0.20 | 0.34 | 0.19 | 0.37 | 0.99 | 0.11 | 0.30 | 0.25 | 0.28 | 0.29 | 0.29 | 0.24 | 0.21 | 0.18 | 0.14 | 0.14 | 0.13 |
| EPS (Diluted) | 5.32 | 5.68 | 5.48 | 5.71 | 3.18 | 0.17 | 1.69 | 4.24 | 1.46 | 1.07 | 0.62 | 0.44 | 0.51 | 0.56 | 0.63 | 0.18 | 0.20 | 0.34 | 0.19 | 0.37 | 0.98 | 0.11 | 0.29 | 0.25 | 0.27 | 0.29 | 0.29 | 0.23 | 0.21 | 0.18 | 0.14 | 0.14 | 0.13 |
| Shares Outstanding | 70.8 | 74 | 75.2 | 75.8 | 77.2 | 79.2 | 80.2 | 82.6 | 94.2 | 98.4 | 103.3 | 103.6 | 103.8 | 102.3 | 99.8 | 91.1 | 81.5 | 81.2 | 80.7 | 79.0 | 77.5 | 79.8 | 81.4 | 92.2 | 71.9 | 65.3 | 51.6 | 44.8 | 43.9 | 44.8 | 45.4 | 45.4 | 45.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 288.5 | 175.5 | 144.5 | 129.8 | 291.3 | 67.4 | 96.2 | 133.3 | 51.7 | 48.7 | 13.6 | 12.7 | 27.7 | 16.4 | 14.7 | 15.7 | 10.8 | 29.1 | 6.4 | 9.3 | 8.2 | 5.9 | 2.5 | 11.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 110.5 | 113.2 | 119.5 | 95.5 | 108.3 | 85.9 | 51.8 | 45.8 | 85.2 | 77.8 | 33.4 | 57.8 | 50.5 | 36.7 | 34.4 | 28.5 | 32.5 | 24.3 | 12 | 7.1 | 5.2 | 2.1 | 2.3 | 3.7 |
| Inventory | 0 | 11.6 | 17.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0 | 0.5 | 0 | 0 |
| Other Current Assets | 44.2 | 81.9 | 86.2 | 119.2 | 101.9 | 81.8 | 73.2 | 62.4 | 119.2 | 122.9 | 57.5 | 30 | 157.2 | 5.4 | 11.4 | 15.5 | 11.9 | 2.7 | 1 | 0 | 0.7 | 0 | 0.7 | 0.7 |
| Total Current Assets | 443.2 | 412.3 | 400.8 | 344.5 | 501.5 | 235.1 | 221.2 | 241.5 | 256.1 | 246 | 104.6 | 100.5 | 93.4 | 62.6 | 60.5 | 59.7 | 55.3 | 56.1 | 19.4 | 16.9 | 14.1 | 8.5 | 5.5 | 15.5 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 314.5 | 2,874.9 | 2,561.2 | 1,978.3 | 994.9 | 1,082.1 | 937.3 | 757.5 | 608 | 574.4 | 458.2 | 375.4 | 458.6 | 367.2 | 338.4 | 339.4 | 342.8 | 274.9 | 83.1 | 63.2 | 62.9 | 64.3 | 59.6 | 39.3 |
| Goodwill | 900.2 | 900.2 | 899.9 | 723.8 | 366.8 | 366.8 | 367.1 | 338 | 317.6 | 832.2 | 115.3 | 115.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,515.3 | 2,409 | 2,418.4 | 2,391.8 | 348.1 | 350.6 | 369.8 | 264 | 169.4 | 452 | 34.3 | 32.9 | 72.7 | 59.7 | 59.7 | 61.5 | 63.8 | 62.3 | 8.4 | 1.9 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 684.6 | 661.2 | 655.9 | 659.4 | 663.6 | 630.6 | 634.5 | 108.1 | 171.3 | 139.1 | 0 | 0 | 0 | 0 | 0 | (15.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2,626.7 | 18.3 | 19.3 | 109 | 106.7 | 21.2 | 21.1 | 16.1 | 837 | 833.2 | 12.9 | 13.5 | 17.1 | 16.9 | 10.6 | 11.6 | 8.1 | 4.7 | 3.8 | 3.8 | 3.7 | 4.7 | 5.1 | 2 |
| Total Non-Current Assets | 7,041.3 | 6,863.6 | 6,554.7 | 5,862.3 | 2,480.1 | 2,451.3 | 2,329.8 | 1,483.7 | 2,103.3 | 2,008.4 | 620.8 | 537.2 | 548.5 | 442.9 | 408.7 | 411.0 | 414.7 | 341.9 | 95.3 | 68.9 | 66.6 | 69 | 64.7 | 41.3 |
| Total Assets | 7,484.5 | 7,275.9 | 6,955.5 | 6,206.8 | 2,981.6 | 2,686.4 | 2,551 | 1,725.2 | 2,359.4 | 2,254.4 | 725.4 | 637.7 | 642.0 | 505.5 | 469.2 | 470.7 | 470.0 | 398 | 114.7 | 85.8 | 80.7 | 77.5 | 70.2 | 56.8 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 184.3 | 180.3 | 158.5 | 145.5 | 81.6 | 70.7 | 57.8 | 47 | 54.1 | 49.5 | 35.0 | 40.7 | 45.6 | 35.1 | 31.2 | 42.7 | 34.9 | 14.8 | 6.5 | 5.7 | 7.6 | 6.5 | 4.6 | 2.2 |
| Short-Term Debt | 71.5 | 63.1 | 68 | 47 | 7 | 4 | 4 | 4 | 4 | 14.2 | 27.8 | 0 | 0 | 5.7 | 0.5 | 0.6 | 2.3 | 0.6 | 0.1 | 0.1 | 0.1 | 0.1 | 0.7 | 0.1 |
| Deferred Revenue | 0 | 52.9 | 73.2 | 39 | 47.7 | 32.8 | 42.5 | 47.9 | 94.9 | 89.3 | 54.9 | 28.2 | 25.9 | 18.1 | 14.9 | 14.2 | 11.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 446.8 | 151.2 | 149.9 | 163.8 | 122.2 | 234.5 | 104.6 | 83.9 | 188.2 | 207.6 | 0 | 0 | 9.3 | 6.6 | 7.3 | 7.5 | 7.6 | 39.9 | 20.6 | 19.1 | 17.1 | 12.3 | 10.4 | 14 |
| Total Current Liabilities | 733.3 | 729.3 | 755.8 | 621.6 | 395 | 424.2 | 301.2 | 256.6 | 453.2 | 468.1 | 185.0 | 130.4 | 112.6 | 104.4 | 85.7 | 94.3 | 86.8 | 55.3 | 27.2 | 24.9 | 24.8 | 18.9 | 15.7 | 16.3 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 5,067.1 | 4,844.1 | 4,768.3 | 4,558.7 | 1,961 | 1,618.3 | 1,469.9 | 880.3 | 1,125.2 | 907.5 | 85.8 | 57.4 | 242.8 | 121.1 | 122.8 | 132.8 | 155.7 | 180.9 | 13.5 | 2.6 | 2.9 | 6.4 | 8 | 0.5 |
| Deferred Tax Liabilities | 519.9 | 432.7 | 388.2 | 340.8 | 252.9 | 213.9 | 212.8 | 78.2 | 40.6 | 153.1 | 11.8 | 19.5 | 8.7 | 13.3 | 13.1 | 15.1 | 15.2 | 15.5 | 6.9 | 2.4 | 2.3 | 2.4 | 2.2 | 1.4 |
| Other Non-Current Liabilities | 34.6 | 146.5 | 137.8 | 122.4 | 52.6 | 45.8 | 39.4 | 15.7 | 70.8 | 106.2 | 19.1 | 18.2 | 39.5 | 11.7 | 12.6 | 11.3 | 9.8 | 8.2 | 1.9 | 2.5 | 2.9 | 3.1 | 2.2 | 1.6 |
| Total Non-Current Liabilities | 5,695.4 | 5,443.3 | 5,306.1 | 5,033.7 | 2,279.8 | 1,895.1 | 1,738.8 | 995.3 | 1,265.9 | 1,101.3 | 133.4 | 113.4 | 291.0 | 146.1 | 148.6 | 159.2 | 180.7 | 204.6 | 22.3 | 7.5 | 8.1 | 11.9 | 12.4 | 3.5 |
| Total Liabilities | 6,428.7 | 6,172.6 | 6,061.9 | 5,655.3 | 2,674.8 | 2,319.3 | 2,040 | 1,251.9 | 1,719.1 | 1,569.4 | 318.4 | 243.8 | 403.5 | 250.5 | 234.2 | 253.5 | 267.5 | 259.9 | 49.5 | 32.4 | 32.9 | 30.8 | 28.1 | 19.8 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 18.2 | 0 | 0 | 7.3 | 116.5 | 0 | 0 | 114.9 | 128.6 | 126.0 | 124.8 | 123.2 | 71.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1,010.7 | 1,084.6 | 894.5 | 552.4 | 307.7 | 349.8 | 509.2 | 474.2 | 634.3 | 569.7 | 261.6 | 251.6 | 125.6 | 126.8 | 109.2 | 94.8 | 79.3 | 66.7 | 56.6 | 49.8 | 44.4 | 43.5 | 39.2 | 34.9 |
| Accumulated Other Comprehensive Income | (1) | (1) | (0.9) | (0.9) | (0.9) | (0.9) | (0.9) | (0.9) | (1.3) | (1.2) | 0 | 0 | (2.1) | (0.4) | (0.3) | (2.4) | (0.1) | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,009.7 | 1,083.6 | 893.6 | 551.5 | 306.8 | 367.1 | 508.3 | 473.3 | 640.3 | 685 | 407.0 | 393.9 | 238.4 | 255.0 | 235.0 | 217.2 | 202.5 | 138.1 | 65.2 | 53.4 | 47.8 | 46.7 | 42 | 37 |
| Total Liabilities & Equity | 7,484.5 | 7,275.9 | 6,955.5 | 6,206.8 | 2,981.6 | 2,686.4 | 2,551 | 1,725.2 | 2,359.4 | 2,254.4 | 725.4 | 637.7 | 642.0 | 505.5 | 469.2 | 470.7 | 470.0 | 398 | 114.7 | 85.8 | 80.7 | 77.5 | 70.2 | 56.8 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 5,197 | 4,915.9 | 4,844.1 | 4,605.7 | 1,968 | 1,622.3 | 1,473.9 | 884.3 | 1,129.2 | 921.7 | 113.6 | 57.4 | 242.8 | 126.8 | 123.3 | 133.3 | 158.0 | 181.5 | 13.6 | 2.7 | 3 | 6.5 | 8.7 | 0.6 |
| Net Debt | 4,908.5 | 4,740.4 | 4,699.6 | 4,475.9 | 1,676.7 | 1,554.9 | 1,377.7 | 751 | 1,077.5 | 876.4 | 99.9 | 44.7 | 217.8 | 108.8 | 108.7 | 117.8 | 147.2 | 152.4 | 7.2 | (6.6) | (5.2) | 0.6 | 6.2 | (10.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 385.5 | 429.1 | 417.3 | 439.4 | 249.1 | (82.1) | 137.2 | 352.8 | 140.5 | 108.1 | 78.9 | 8.9 | 24.1 | 21.0 | 22.1 | 19.2 | 15 | 10.5 | 9.1 | 8.1 | 6.2 | 6.2 | 5.8 |
| Depreciation & Amortization | 239.5 | 204.7 | 175.2 | 119 | 108.5 | 97.9 | 101 | 64 | 114.6 | 125.8 | 24.6 | 22.0 | 20.5 | 19.6 | 20.6 | 17.3 | 11.3 | 5.7 | 4.6 | 4.8 | 4.5 | 3.3 | 2.4 |
| Stock-Based Compensation | 30.2 | 36.1 | 32.9 | 31.8 | 27.8 | 23.7 | 23.8 | 21.1 | 27.1 | 18.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (5.1) | 49.9 | 7.7 | 36.6 | 77.5 | 76.3 | 5.8 | 9.2 | (37.2) | (19.7) | 6.8 | 8.6 | 2.4 | (9.7) | 6.9 | (9.1) | 13.7 | (5.5) | (3.8) | 2.4 | 5.5 | 1.8 | 0.5 |
| Other Non-Cash Items | 32.9 | 8.4 | (74.7) | (198.7) | (137.2) | 25 | (9.7) | (285.8) | 38.2 | (41.7) | (111.6) | 8.8 | 0 | 4.5 | (0.5) | 0.1 | (0.1) | 0.2 | 0.1 | 0.1 | 0.1 | 0 | (0.1) |
| Operating Cash Flow | 769.8 | 772.7 | 605.8 | 536.8 | 335.5 | 141.9 | 289.6 | 197.8 | 218.2 | 226.8 | (1.3) | 48.4 | 47.0 | 35.4 | 48.3 | 27.2 | 39.7 | 10.8 | 10.5 | 15.1 | 16.5 | 11.4 | 8.7 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (274.9) | (547) | (676.5) | (456.8) | (91.8) | (234.2) | (163.3) | (149.4) | (116.9) | (57.2) | (43.2) | (77.2) | (40.9) | (22.7) | (14.6) | (22.4) | (240.4) | (20.8) | (4.6) | (2.6) | (8.6) | (23.3) | (1.4) |
| Acquisitions | (185.3) | 0 | (241.3) | (2,918.5) | 0 | 0 | (616.7) | 983.8 | (48.2) | (6.2) | 0 | (58.6) | (0.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | (410.1) | 0 | (24) | 57.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (2.3) | 0 | 0 | 0 | (0.5) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 410.1 | 0 | 0 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (286.2) | (545.2) | 199.8 | 271.6 | (8.6) | (5.2) | (1.2) | (10.3) | 11.5 | (46.3) | 248.3 | 0 | 0 | 0 | 4.5 | 5.0 | 0 | 0 | 0 | 0 | (0.5) | (2.1) | 0 |
| Investing Cash Flow | (471.5) | (545.2) | (718) | (3,103.7) | (100.4) | (239.4) | (781.2) | 824.1 | (153.6) | (50.7) | 205.0 | (135.8) | (41.7) | (22.7) | (10.1) | (17.4) | (240.4) | (20.8) | (6.9) | (2.6) | (9.1) | (25.4) | (1.9) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 213.8 | 53.8 | 237.1 | 2,670.3 | 339.4 | 159.1 | 596 | (300.7) | 214.6 | 138.7 | (206.2) | 101.5 | (96.5) | (10) | (28.3) | (23.4) | 165.7 | 10.9 | (0.2) | (3.4) | (2.3) | 7.3 | (0.5) |
| Stock Repurchased | (427.8) | (186) | (55.9) | (174.9) | (297.5) | (28.4) | (95) | (547) | (190.9) | (39) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5) | 0 | 0 | 0 |
| Dividends Paid | (30.8) | (29.2) | (27.1) | (26) | (24.8) | (23.4) | (22.2) | (23.7) | (21.5) | (19.1) | (6.4) | (6.6) | (6.6) | (6.5) | (6.5) | (4.9) | (3.8) | (3.7) | (2.4) | (1.9) | (1.9) | (1.9) | 0 |
| Other Financing Activities | (17.7) | (35.2) | (24.8) | (53.4) | (17.6) | (31.3) | (18) | (63.4) | (63.8) | (282.5) | 0 | 0 | 97.0 | 1.7 | 0 | 0 | (1.3) | (0.3) | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (262.5) | (196.6) | 129.3 | 2,416 | (0.5) | 76 | 460.8 | (933.3) | (59.5) | (201.9) | (208.7) | 98.6 | (3.5) | (13.6) | (33.3) | (28.0) | 223.3 | 7 | (2.5) | (10.2) | (4.2) | 5.4 | (0.5) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 35.8 | 30.9 | 17.1 | (150.9) | 234.6 | (21.5) | (30.8) | 87.8 | 5.6 | (25.8) | (5.0) | 11.3 | 1.8 | (0.9) | 4.9 | (18.3) | 22.7 | (9.3) | (8.2) | (5.9) | (2.5) | (11.1) | (4.8) |
| Cash at Beginning | 252.7 | 221.8 | 204.7 | 355.6 | 121 | 142.5 | 173.3 | 85.5 | 48.7 | 74.5 | 27.7 | 16.4 | 14.7 | 15.6 | 10.8 | 29.1 | 6.4 | 9.3 | 8.2 | 5.9 | 2.5 | 11.1 | 4.8 |
| Cash at End | 288.5 | 252.7 | 221.8 | 204.7 | 355.6 | 121 | 142.5 | 173.3 | 54.3 | 48.7 | 22.7 | 27.7 | 16.4 | 14.7 | 15.7 | 10.8 | 29.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 494.9 | 225.7 | (70.7) | 80 | 243.7 | (92.3) | 126.3 | 48.4 | 101.3 | 169.6 | (44.6) | (28.8) | 6.2 | 12.7 | 33.7 | 4.8 | (200.7) | (10) | 5.9 | 12.5 | 7.9 | (11.9) | 7.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 2,925.9 | 2,734.3 | 2,461.7 | 1,809.8 | 1,597.2 | 1,054 | 1,329.7 | 1,009 | 882.6 | 1,308.6 | 1,212.3 | 812.9 | 779.3 | 732.4 | 696.9 | 585.3 | 439.7 | 430.6 | 410.7 | 376.7 | 408.8 | 463.1 | 424.2 | 439.2 | 427.0 | 362.0 | 258.4 | 147.3 | 118.9 | 107.9 | 92.4 | 65.9 | 55.3 |
| Gross Profit | 982.6 | 938.5 | 795.7 | 566.4 | 446.1 | 193.5 | 343 | 289.6 | 252.8 | 315.6 | 289.4 | 178.9 | 173.2 | 163.6 | 145.5 | 94 | 85.7 | 86.3 | 84.3 | 75.1 | 66.6 | 79.7 | 78.3 | 85.5 | 81.4 | 91.7 | 62.3 | 34 | 28.1 | 25.9 | 23.1 | 33 | 27.4 |
| Operating Income | 736.4 | 709 | 564 | 321.8 | 284.4 | 60.2 | 215.7 | 188.8 | 145.7 | 194.2 | 123.6 | 90.4 | 90.1 | 96.8 | 81.0 | 31.6 | 34.7 | 52.8 | 33.6 | 49.6 | 20.9 | 30.7 | 44.3 | 45.5 | 49.3 | 46.6 | 32.5 | 17.2 | 14.4 | 12.4 | 10.2 | 9.4 | 8.4 |
| Net Income | 379.7 | 426.8 | 417.3 | 439.4 | 249.1 | (81.9) | 137.5 | 352.8 | 140.5 | 108.1 | 65.2 | 46.4 | 54.9 | 58.3 | 64.4 | 16.4 | 16.8 | 28.5 | 15.7 | 29.8 | 78.9 | 9.1 | 24.0 | 21.0 | 22.1 | 19.2 | 15 | 10.5 | 9.1 | 8.1 | 6.2 | 6.2 | 5.9 |
| EPS (Diluted) | 5.32 | 5.68 | 5.48 | 5.71 | 3.18 | 0.17 | 1.69 | 4.24 | 1.46 | 1.07 | 0.62 | 0.44 | 0.51 | 0.56 | 0.63 | 0.18 | 0.20 | 0.34 | 0.19 | 0.37 | 0.98 | 0.11 | 0.29 | 0.25 | 0.27 | 0.29 | 0.29 | 0.23 | 0.21 | 0.18 | 0.14 | 0.14 | 0.13 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 288.5 | 175.5 | 144.5 | 129.8 | 291.3 | 67.4 | 96.2 | 133.3 | 51.7 | 48.7 | 13.6 | 12.7 | 27.7 | 16.4 | 14.7 | 15.7 | 10.8 | 29.1 | 6.4 | 9.3 | 8.2 | 5.9 | 2.5 | 11.1 | |||||||||
| Total Assets | 7,484.5 | 7,275.9 | 6,955.5 | 6,206.8 | 2,981.6 | 2,686.4 | 2,551 | 1,725.2 | 2,359.4 | 2,254.4 | 725.4 | 637.7 | 642.0 | 505.5 | 469.2 | 470.7 | 470.0 | 398 | 114.7 | 85.8 | 80.7 | 77.5 | 70.2 | 56.8 | |||||||||
| Total Debt | 5,197 | 4,915.9 | 4,844.1 | 4,605.7 | 1,968 | 1,622.3 | 1,473.9 | 884.3 | 1,129.2 | 921.7 | 113.6 | 57.4 | 242.8 | 126.8 | 123.3 | 133.3 | 158.0 | 181.5 | 13.6 | 2.7 | 3 | 6.5 | 8.7 | 0.6 | |||||||||
| Stockholders' Equity | 1,009.7 | 1,083.6 | 893.6 | 551.5 | 306.8 | 367.1 | 508.3 | 473.3 | 640.3 | 685 | 407.0 | 393.9 | 238.4 | 255.0 | 235.0 | 217.2 | 202.5 | 138.1 | 65.2 | 53.4 | 47.8 | 46.7 | 42 | 37 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 769.8 | 772.7 | 605.8 | 536.8 | 335.5 | 141.9 | 289.6 | 197.8 | 218.2 | 226.8 | (1.3) | 48.4 | 47.0 | 35.4 | 48.3 | 27.2 | 39.7 | 10.8 | 10.5 | 15.1 | 16.5 | 11.4 | 8.7 | ||||||||||
| Capital Expenditure | (274.9) | (547) | (676.5) | (456.8) | (91.8) | (234.2) | (163.3) | (149.4) | (116.9) | (57.2) | (43.2) | (77.2) | (40.9) | (22.7) | (14.6) | (22.4) | (240.4) | (20.8) | (4.6) | (2.6) | (8.6) | (23.3) | (1.4) | ||||||||||
| Free Cash Flow | 494.9 | 225.7 | (70.7) | 80 | 243.7 | (92.3) | 126.3 | 48.4 | 101.3 | 169.6 | (44.6) | (28.8) | 6.2 | 12.7 | 33.7 | 4.8 | (200.7) | (10) | 5.9 | 12.5 | 7.9 | (11.9) | 7.3 | ||||||||||