FRME - First Merchants Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$49.00
DETAILS
HIGH:
$49.00
LOW:
$49.00
MEDIAN:
$49.00
CONSENSUS:
$49.00
UPSIDE:
22.07%
| 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 | 1,050.2 | 1,053.6 | 999.5 | 712.9 | 556.0 | 558.4 | 552.1 | 484.4 | 385.9 | 318.5 | 281.6 | 270.7 | 226.8 | 240.3 | 230.4 | 248.1 | 288.4 | 258.5 | 271.3 | 243.2 | 211.9 | 191.5 | 191.4 | 173.8 | 139.0 | 133.2 | 115.1 | 107.1 | 98.3 | 77.8 | 56.9 | 49.4 | 48.6 |
| Cost of Revenue | 410.0 | 462.6 | 352.0 | 101.6 | 36.0 | 125.1 | 111.5 | 76.3 | 46.8 | 32.5 | 25.2 | 24.4 | 23.2 | 42.1 | 60.5 | 102.5 | 199.3 | 118.3 | 126.1 | 104.8 | 74.4 | 57.3 | 61.9 | 60.9 | 59.6 | 63.2 | 49.1 | 46.9 | 43.1 | 33.7 | 22.7 | 16.9 | 17.5 |
| Gross Profit | 640.2 | 591.0 | 647.5 | 611.4 | 520.0 | 433.4 | 440.5 | 408.1 | 339.1 | 286.0 | 256.3 | 246.3 | 203.6 | 198.1 | 169.8 | 145.6 | 89.1 | 140.2 | 145.2 | 138.4 | 137.5 | 134.2 | 129.6 | 112.8 | 79.3 | 70.0 | 66.0 | 60.2 | 55.2 | 44.1 | 34.2 | 32.5 | 31.1 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 282.1 | 243.6 | 250.8 | 224.8 | 179 | 168.3 | 151.4 | 139.3 | 126.1 | 108.6 | 109.1 | 103.7 | 90.5 | 85.1 | 82.3 | 83.3 | 96.5 | 71.5 | 61.0 | 58.1 | 56.1 | 54.2 | 52.3 | 40.6 | 25.8 | 22.4 | 20.7 | 19.2 | 17.5 | 13.4 | 11.2 | 10.6 | 9.6 |
| Other Expenses | 99.0 | 115.7 | 137.4 | 130.9 | 100.2 | 95.1 | 95.4 | 80.6 | 79.4 | 68.8 | 56.2 | 60.3 | 52.7 | 52.0 | 53.7 | 59.0 | 61.8 | 40.0 | 41.1 | 38 | 37.9 | 37.5 | 39.0 | 30.4 | 19.4 | 17.7 | 16.1 | 13.5 | 12.5 | 10.6 | 7.7 | 7.8 | 8.6 |
| Operating Expenses | 381.1 | 359.3 | 388.3 | 355.7 | 279.2 | 263.4 | 246.8 | 220.0 | 205.6 | 177.4 | 165.3 | 164.0 | 143.2 | 137.1 | 135.9 | 142.3 | 158.3 | 111.5 | 102.2 | 96.1 | 94.0 | 91.6 | 91.3 | 71.0 | 45.2 | 40.1 | 36.8 | 32.7 | 30 | 24 | 18.9 | 18.4 | 18.2 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 259.1 | 231.7 | 259.2 | 255.7 | 240.8 | 170.0 | 193.8 | 188.1 | 133.6 | 108.7 | 91.0 | 82.3 | 60.4 | 61.0 | 33.9 | 3.3 | (69.2) | 28.7 | 43.0 | 42.4 | 43.5 | 42.6 | 38.3 | 41.8 | 34.1 | 29.9 | 29.2 | 27.5 | 25.2 | 20.1 | 15.3 | 14.1 | 12.9 |
| Interest Expense | 388.8 | 426.9 | 348.5 | 84.8 | 36.0 | 66.4 | 108.7 | 69.1 | 37.6 | 26.8 | 24.8 | 21.8 | 16.6 | 23.6 | 37.9 | 56.0 | 77.1 | 90.1 | 117.6 | 98.5 | 66.1 | 51.6 | 52.4 | 53.8 | 56.1 | 60.5 | 46.9 | 44.5 | 41.4 | 32.4 | 22.1 | 16.1 | 16.5 |
| Interest Income | 924.8 | 948.0 | 893.9 | 605.0 | 446.6 | 448.5 | 465.4 | 407.9 | 314.9 | 253.3 | 221.2 | 208.9 | 170.8 | 175.9 | 181.2 | 199.6 | 230.4 | 219.5 | 230.7 | 208.6 | 177.2 | 157.0 | 155.5 | 146.7 | 120.4 | 116.5 | 100.5 | 94.2 | 88.2 | 69.5 | 50 | 43.1 | 42 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 288.5 | 258.6 | 270.9 | 267.5 | 251.5 | 181.0 | 203.2 | 197.0 | 141.6 | 115.8 | 97.3 | 88.3 | 65.1 | 65.5 | 39.1 | 9.0 | (63.2) | 33.3 | 47.3 | 47.8 | 48.6 | 47.7 | 43.1 | 49.1 | 38.8 | 34.1 | 32.3 | 30.4 | 27.8 | 22 | 17.2 | 16.5 | 14.7 |
| EBIT | 259.1 | 231.7 | 259.2 | 255.7 | 240.8 | 170.0 | 193.8 | 188.1 | 133.6 | 108.7 | 91.0 | 82.3 | 60.4 | 61.0 | 33.9 | 3.3 | (69.2) | 28.7 | 43.0 | 42.4 | 43.5 | 42.6 | 38.3 | 41.8 | 34.1 | 29.9 | 29.2 | 27.5 | 25.2 | 20.1 | 15.3 | 14.1 | 12.9 |
| Income Before Tax | 259.1 | 231.7 | 259.2 | 255.7 | 240.8 | 170.0 | 193.8 | 188.1 | 133.6 | 108.7 | 91.0 | 82.3 | 60.4 | 61.0 | 33.9 | 3.3 | (69.2) | 28.7 | 43.0 | 42.4 | 43.5 | 42.6 | 38.3 | 41.8 | 34.1 | 29.9 | 29.2 | 27.5 | 25.2 | 20.1 | 15.3 | 14.1 | 12.9 |
| Income Tax Expense | 33.1 | 30.3 | 35.4 | 33.6 | 35.3 | 21.4 | 29.3 | 29.0 | 37.5 | 27.6 | 25.7 | 22.1 | 15.9 | 15.9 | 8.7 | (3.6) | (28.4) | 8.1 | 11.3 | 12.2 | 13.3 | 13.2 | 10.7 | 14.0 | 11.9 | 10.0 | 10.1 | 9.6 | 8.7 | 7 | 5.4 | 4.9 | 4.4 |
| Net Income | 226.0 | 201.4 | 223.8 | 222.1 | 205.5 | 148.6 | 164.5 | 159.1 | 96.1 | 81.1 | 65.4 | 60.2 | 44.5 | 45.1 | 25.3 | 6.9 | (40.8) | 20.6 | 31.6 | 30.2 | 30.2 | 29.4 | 27.6 | 27.8 | 22.2 | 19.9 | 19.1 | 17.9 | 16.5 | 13.1 | 9.9 | 9.2 | 8.7 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 3.90 | 3.42 | 3.74 | 3.83 | 3.82 | 2.75 | 3.20 | 3.23 | 2.13 | 1.99 | 1.73 | 1.66 | 1.42 | 1.42 | 0.34 | 0.48 | -2.17 | 1.14 | 1.73 | 1.64 | 1.64 | 1.59 | 1.51 | 1.70 | 1.62 | 1.52 | 1.37 | 1.30 | 1.21 | 1.15 | 1.12 | 1.04 | 0.99 |
| EPS (Diluted) | 3.88 | 3.41 | 3.73 | 3.81 | 3.81 | 2.74 | 3.19 | 3.22 | 2.12 | 1.98 | 1.72 | 1.65 | 1.41 | 1.41 | 0.34 | 0.48 | -2.17 | 1.14 | 1.73 | 1.64 | 1.63 | 1.58 | 1.50 | 1.69 | 1.61 | 1.51 | 1.36 | 1.28 | 1.19 | 1.15 | 1.12 | 1.04 | 0.98 |
| Shares Outstanding | 57.7 | 58.3 | 59.3 | 57.7 | 53.8 | 54.1 | 51.4 | 49.3 | 45.1 | 40.7 | 37.8 | 36.2 | 29.7 | 28.6 | 26.5 | 24.4 | 21.1 | 18.1 | 18.3 | 18.4 | 18.4 | 18.5 | 18.3 | 16.3 | 13.7 | 13.1 | 13.9 | 13.8 | 13.7 | 11.4 | 8.8 | 8.8 | 8.8 |
| 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 | 84.2 | 386.5 | 548.7 | 248.7 | 641.3 | 585.2 | 295.5 | 176.2 | 189.9 | 152.4 | 150.8 | 123.1 | 79.3 | 85.3 | 91.2 | 72.6 | 53.4 | 60.6 | 36.5 | 42.6 | 35.3 | 69.1 | 46.4 | 26.9 |
| Short-Term Investments | 1,407.1 | 1,386.5 | 1,627.1 | 1,976.7 | 2,344.6 | 1,919.1 | 1,790.0 | 1,142.2 | 999.9 | 696.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 93.4 | 91.8 | 97.7 | 85.1 | 57.2 | 53.9 | 48.9 | 40.9 | 39.7 | 26.5 | 20.8 | 24.0 | 17.3 | 16.8 | 17.3 | 12.0 | 13.1 | 11.3 | 10.8 | 9 | 8.6 | 6.2 | 5.6 | 5.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1,584.6 | 1,864.8 | 2,273.5 | 2,310.4 | 3,043.0 | 2,558.3 | 2,134.4 | 1,359.3 | 1,229.5 | 875.8 | 171.6 | 147.0 | 96.6 | 102.1 | 108.6 | 84.6 | 66.6 | 71.9 | 47.3 | 51.6 | 43.9 | 75.3 | 52 | 32.6 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 121.1 | 129.7 | 133.9 | 117.1 | 105.7 | 111.1 | 113.1 | 93.4 | 95.9 | 94.4 | 55.8 | 59.6 | 38.3 | 39.6 | 38.6 | 27.7 | 23.9 | 20.1 | 19 | 15.4 | 15.3 | 10.5 | 9.5 | 9.4 |
| Goodwill | 712.0 | 712.0 | 712.0 | 712.0 | 545.4 | 543.9 | 543.9 | 445.4 | 445.4 | 244 | 141.4 | 143.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 13.8 | 19.8 | 27.1 | 35.8 | 25.5 | 29.0 | 35.0 | 24.4 | 31.1 | 14.9 | 17.4 | 22.5 | 17.3 | 16.8 | 17.3 | 12.0 | 13.1 | 11.3 | 10.8 | 9 | 8.6 | 6.2 | 5.6 | 5.7 |
| Long-Term Investments | 0 | 14,754.5 | 14,484.3 | 14,076.8 | 11,237.5 | 10,344.2 | 9,194.1 | 7,639.1 | 7,241.5 | 5,683.9 | 3,748.8 | 4,158.7 | 2,830.4 | 2,687.8 | 2,345.6 | 1,584.8 | 1,471.1 | 1,332.8 | 1,233.1 | 944.4 | 900.7 | 616 | 573.7 | 578.3 |
| Other Non-Current Assets | 78.7 | 738.7 | 675.2 | 638.8 | 460.5 | 468.5 | 424.7 | 299.5 | 300.1 | 259.3 | 281.6 | 226.1 | 85.1 | 104.5 | 78.7 | 57.8 | 38.5 | 46.3 | 60 | 7.1 | 6.4 | 4.3 | 7.4 | 3.7 |
| Total Non-Current Assets | 925.5 | 16,447.2 | 16,132.4 | 15,691.8 | 12,410.1 | 11,508.9 | 10,322.9 | 8,525.4 | 8,137.9 | 6,335.9 | 4,309.3 | 4,637.1 | 3,095.0 | 2,974.7 | 2,570.1 | 1,702.4 | 1,554.5 | 1,402.1 | 1,315.2 | 968.5 | 924.1 | 632.6 | 592.6 | 593.5 |
| Total Assets | 19,025.1 | 18,312.0 | 18,405.9 | 17,938.3 | 15,453.1 | 14,067.2 | 12,457.3 | 9,884.7 | 9,367.5 | 7,211.6 | 4,481.0 | 4,784.2 | 3,191.7 | 3,076.8 | 2,678.7 | 1,787.0 | 1,621.1 | 1,474 | 1,362.5 | 1,020.1 | 968 | 707.9 | 644.6 | 626.1 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 0 | 16.1 | 18.9 | 7.5 | 2.8 | 3.3 | 6.8 | 5.6 | 4.4 | 3.1 | 5.7 | 8.8 | 4.4 | 4.7 | 6.0 | 5.5 | 6.3 | 4.6 | 4.1 | 0 | 0 | 0 | 1.3 | 1.2 |
| Short-Term Debt | 143.8 | 242.1 | 157.3 | 339.0 | 181.6 | 177.1 | 242.9 | 217.5 | 280.7 | 266.8 | 125.7 | 122.3 | 0 | 0 | 81.6 | 0 | 0 | 0 | 66.6 | 26.8 | 54.2 | 35 | 39.2 | 46.9 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 7,788.7 | 14,521.6 | 14,821.5 | 14,382.7 | 12,732.6 | 11,361.6 | 9,840.0 | 7,754.6 | 7,172.5 | 5,556.5 | 3,536.5 | 3,718.8 | 2,408.2 | 2,362.1 | 2,036.7 | 1,421.3 | 1,288.3 | 1,147.2 | 1,086 | 843.8 | 794.5 | 588.1 | 529.9 | 506.3 |
| Total Current Liabilities | 7,932.5 | 14,779.8 | 14,997.6 | 14,729.2 | 12,916.9 | 11,542.0 | 10,089.7 | 7,977.7 | 7,457.6 | 5,826.4 | 3,667.9 | 3,850.0 | 2,412.6 | 2,366.8 | 2,124.3 | 1,426.7 | 1,294.6 | 1,151.8 | 1,156.7 | 870.6 | 848.7 | 623.1 | 570.4 | 554.4 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 856.2 | 916.1 | 871.5 | 975.0 | 452.7 | 507.8 | 489.8 | 453.4 | 553.7 | 427.4 | 324.5 | 496.0 | 440.9 | 383.2 | 275.3 | 174.4 | 163.6 | 189.9 | 47.1 | 20.7 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 7,769.8 | 311.1 | 289.0 | 263.2 | 171.0 | 141.8 | 91.4 | 45.3 | 52.7 | 56.1 | 24.7 | 42.2 | 23.6 | 22.9 | 17.9 | 6.8 | 6.8 | 6 | 4.8 | 6.8 | 6.6 | 4.3 | 3.2 | 2.9 |
| Total Non-Current Liabilities | 8,626.0 | 1,227.2 | 1,160.5 | 1,238.2 | 623.7 | 649.6 | 581.2 | 498.7 | 606.4 | 483.5 | 349.2 | 538.3 | 464.5 | 406.1 | 293.3 | 181.2 | 170.4 | 195.9 | 51.9 | 27.5 | 6.6 | 4.3 | 3.2 | 2.9 |
| Total Liabilities | 16,558.4 | 16,007.0 | 16,158.2 | 15,903.5 | 13,540.6 | 12,191.6 | 10,670.8 | 8,476.5 | 8,064.0 | 6,310.0 | 4,017.2 | 4,388.3 | 2,877.1 | 2,772.8 | 2,417.6 | 1,607.9 | 1,465 | 1,347.7 | 1,208.6 | 898.1 | 855.3 | 627.4 | 573.6 | 557.3 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 7.1 | 7.2 | 7.4 | 7.4 | 6.7 | 6.7 | 6.9 | 6.2 | 6.1 | 5.1 | 2.7 | 2.6 | 2.3 | 2.3 | 2.0 | 1.6 | 1.5 | 1.4 | 1.5 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1,413.7 | 1,272.5 | 1,154.6 | 1,012.8 | 864.8 | 788.6 | 696.5 | 583.3 | 465.2 | 401.0 | 150.9 | 206.5 | 161.5 | 149.1 | 138.1 | 124.3 | 113.2 | 103.6 | 118.9 | 95.4 | 88 | 62.8 | 56.9 | 51.3 |
| Accumulated Other Comprehensive Income | (130.1) | (188.7) | (176.0) | (239.2) | 55.1 | 74.8 | 27.9 | (21.4) | (2.9) | (13.6) | (8.8) | (15.7) | (0.0) | 2.2 | 4.5 | 2.6 | (0.3) | (4.2) | 2.2 | 1.5 | 1 | 1.2 | (2.5) | 0 |
| Total Stockholders' Equity | 2,466.7 | 2,305.0 | 2,247.7 | 2,034.8 | 1,912.6 | 1,875.6 | 1,786.4 | 1,408.3 | 1,303.5 | 901.7 | 463.8 | 395.9 | 314.6 | 304.0 | 261.1 | 179.1 | 156.1 | 126.3 | 153.9 | 122 | 112.7 | 80.5 | 71 | 68.8 |
| Total Liabilities & Equity | 19,025.1 | 18,312.0 | 18,405.9 | 17,938.3 | 15,453.1 | 14,067.2 | 12,457.3 | 9,884.7 | 9,367.5 | 7,211.6 | 4,481.0 | 4,784.2 | 3,191.7 | 3,076.8 | 2,678.7 | 1,787.0 | 1,621.1 | 1,474 | 1,362.5 | 1,020.1 | 968 | 707.9 | 644.6 | 626.1 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 999.9 | 1,158.2 | 1,028.8 | 1,313.9 | 634.2 | 684.9 | 732.7 | 671.0 | 834.4 | 694.2 | 450.2 | 618.4 | 440.9 | 383.2 | 356.9 | 174.4 | 163.6 | 189.9 | 113.7 | 47.5 | 54.2 | 35 | 39.2 | 46.9 |
| Net Debt | 915.8 | 771.7 | 480.0 | 1,065.3 | (7.0) | 99.7 | 437.2 | 494.8 | 644.5 | 541.8 | 299.4 | 495.3 | 361.6 | 297.9 | 265.7 | 101.8 | 110.1 | 129.3 | 77.2 | 4.9 | 18.9 | (34.1) | (7.2) | 20 |
| 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 | 226.0 | 201.4 | 223.8 | 222.1 | 205.5 | 148.6 | 164.5 | 159.1 | 96.1 | 81.1 | 30.2 | 29.4 | 27.6 | 27.8 | 22.2 | 19.9 | 19.1 | 17.9 | 16.5 | 13.1 | 9.9 | 9.2 | 8.5 |
| Depreciation & Amortization | 29.4 | 26.8 | 11.7 | 11.8 | 10.7 | 11.0 | 9.4 | 8.8 | 8.0 | 7.2 | 5.1 | 5.1 | 4.8 | 7.3 | 4.7 | 4.2 | 3.1 | 2.9 | 2.6 | 1.9 | 1.9 | 2.4 | 1.8 |
| Stock-Based Compensation | 7.3 | 5.8 | 5.2 | 4.7 | 4.8 | 4.6 | 4.1 | 3.6 | 2.8 | 2.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (5.9) | (2.6) | (4.4) | (22.2) | (8.6) | (13.6) | (8.1) | (6.6) | (10.7) | (5.4) | (0.9) | (0.7) | (0.3) | (0.6) | 0.8 | 0.7 | 0 | (0.4) | (0.2) | 0.4 | 1 | 0.1 | (0.1) |
| Other Non-Cash Items | 24.6 | 33.1 | 16.0 | 58.9 | (4.0) | 62.9 | 1.9 | 11.7 | 14.8 | 9.7 | 12.1 | 6.2 | 33.7 | (16.4) | 2.9 | 5.8 | 4.6 | (1.2) | 0.5 | 1 | (1.3) | 0.9 | 1.6 |
| Operating Cash Flow | 283.6 | 266.2 | 258.8 | 284.3 | 215.3 | 204.8 | 178.4 | 180.2 | 126.5 | 103.7 | 46.5 | 40.0 | 65.7 | 17.7 | 31.2 | 29.8 | 25.7 | 19.4 | 19.3 | 16.8 | 11.8 | 12.5 | 11.3 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (4.9) | (2.4) | (4.4) | (3.7) | (5.2) | (2.6) | (2.1) | (2.1) | (1.2) | (2.6) |
| Acquisitions | 0 | (243.5) | 0 | 137.8 | (2.9) | 0 | 10.2 | 0 | 54.5 | 0 | (0.2) | (0.2) | (7.8) | (12.5) | 5.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (67.7) | (124.4) | (50.2) | (755.3) | (2,090.2) | (1,312.2) | (1,100.2) | (400.7) | (509.3) | (392.3) | (98.2) | (214.4) | (260.5) | (183.2) | (35.1) | (12.1) | (152.3) | (194.2) | (80.6) | (136.4) | (103.6) | (55) | (120.3) |
| Sales/Maturities of Investments | 164.9 | 395.7 | 549.3 | 963.4 | 688.0 | 827.2 | 401.7 | 298.5 | 237.2 | 360.2 | 74.0 | 148.6 | 232.2 | 189.9 | 113.1 | 70.2 | 147.3 | 110.1 | 112.3 | 145.3 | 84.8 | 77 | 111 |
| Other Investing Activities | (870.9) | (280.2) | (843.5) | (808.6) | (72.2) | (1,067.0) | (318.1) | (473.4) | (417.8) | (416.6) | (40.7) | (97.9) | (67.8) | (89.8) | (53.3) | (85.6) | (110.4) | (54.8) | (96.3) | (80.3) | (18.4) | (24.9) | (26.9) |
| Investing Cash Flow | (773.8) | (252.4) | (344.4) | (462.7) | (1,477.4) | (1,552.0) | (1,006.4) | (575.6) | (635.3) | (448.7) | (65.2) | (163.8) | (103.8) | (100.5) | 27.5 | (31.9) | (119.1) | (144.1) | (67.2) | (73.5) | (39.3) | (4.1) | (38.8) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | (158.3) | 129.4 | (285.2) | 485.5 | (50.7) | (47.8) | (43.9) | (162.3) | 64.0 | 125.3 | 67.3 | 56.4 | (11.5) | 106.9 | 10.8 | 17.9 | 26.4 | 21.6 | 15.4 | 7.8 | (4.2) | (7.7) | 9.8 |
| Stock Repurchased | (46.9) | (56.2) | 0 | 0 | (25.4) | (55.9) | (19.0) | (1.9) | (1.3) | (2.0) | (9.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (84.8) | (83.5) | (81.9) | (74.2) | (61.2) | (56.5) | (51.3) | (41.7) | (31.8) | (22.2) | (17.0) | (17.0) | (16.6) | (14.0) | (11.1) | (10.3) | (9.8) | (7.9) | (7.1) | (5.4) | (3.9) | (3.6) | (3.2) |
| Other Financing Activities | 773.2 | (30.8) | 440.6 | (279.6) | 1,373.7 | 1,520.7 | 977.8 | 585.6 | 501.0 | 269.6 | (25.6) | 46.0 | 53.8 | 8.1 | (17.3) | (17.3) | 111 | 146.5 | 41.4 | 10.6 | 58.3 | 23.6 | (7) |
| Financing Cash Flow | 486.7 | (38.8) | 75.6 | 133.8 | 1,236.3 | 1,362.9 | 865.9 | 379.7 | 535.8 | 370.7 | 19.2 | 84.3 | 28.6 | 98.8 | (23.1) | (14.7) | 97 | 161.7 | 51.1 | 13.9 | 50 | 11.4 | 0.3 |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (3.5) | (25.0) | (9.9) | (44.6) | (25.8) | 15.7 | 38.0 | (15.7) | 27.0 | 25.8 | 0.5 | (39.6) | (9.5) | 16.0 | 35.6 | (16.8) | 3.5 | 37.1 | 3.2 | (77.9) | (46.4) | (26.6) | (53.7) |
| Cash at Beginning | 87.6 | 112.6 | 122.6 | 167.1 | 192.9 | 177.2 | 139.2 | 154.9 | 127.9 | 102.2 | 70.0 | 109.5 | 119.0 | 103.0 | 67.5 | 84.3 | 80.8 | 43.7 | 40.5 | 77.9 | 46.4 | 26.6 | 53.7 |
| Cash at End | 84.2 | 87.6 | 112.6 | 122.6 | 167.1 | 192.9 | 177.2 | 139.2 | 154.9 | 127.9 | 70.4 | 70.0 | 109.5 | 119.0 | 103.0 | 67.5 | 84.3 | 80.8 | 43.7 | 91.8 | 96.4 | 38 | 54 |
| Free Cash Flow | 283.6 | 266.2 | 258.8 | 284.3 | 215.3 | 204.8 | 176.7 | 180.2 | 126.5 | 103.7 | 46.5 | 40.0 | 65.7 | 12.8 | 28.8 | 25.4 | 22 | 14.2 | 16.7 | 14.7 | 9.7 | 11.3 | 8.7 |
| 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 | 1,050.2 | 1,053.6 | 999.5 | 712.9 | 556.0 | 558.4 | 552.1 | 484.4 | 385.9 | 318.5 | 281.6 | 270.7 | 226.8 | 240.3 | 230.4 | 248.1 | 288.4 | 258.5 | 271.3 | 243.2 | 211.9 | 191.5 | 191.4 | 173.8 | 139.0 | 133.2 | 115.1 | 107.1 | 98.3 | 77.8 | 56.9 | 49.4 | 48.6 |
| Gross Profit | 640.2 | 591.0 | 647.5 | 611.4 | 520.0 | 433.4 | 440.5 | 408.1 | 339.1 | 286.0 | 256.3 | 246.3 | 203.6 | 198.1 | 169.8 | 145.6 | 89.1 | 140.2 | 145.2 | 138.4 | 137.5 | 134.2 | 129.6 | 112.8 | 79.3 | 70.0 | 66.0 | 60.2 | 55.2 | 44.1 | 34.2 | 32.5 | 31.1 |
| Operating Income | 259.1 | 231.7 | 259.2 | 255.7 | 240.8 | 170.0 | 193.8 | 188.1 | 133.6 | 108.7 | 91.0 | 82.3 | 60.4 | 61.0 | 33.9 | 3.3 | (69.2) | 28.7 | 43.0 | 42.4 | 43.5 | 42.6 | 38.3 | 41.8 | 34.1 | 29.9 | 29.2 | 27.5 | 25.2 | 20.1 | 15.3 | 14.1 | 12.9 |
| Net Income | 226.0 | 201.4 | 223.8 | 222.1 | 205.5 | 148.6 | 164.5 | 159.1 | 96.1 | 81.1 | 65.4 | 60.2 | 44.5 | 45.1 | 25.3 | 6.9 | (40.8) | 20.6 | 31.6 | 30.2 | 30.2 | 29.4 | 27.6 | 27.8 | 22.2 | 19.9 | 19.1 | 17.9 | 16.5 | 13.1 | 9.9 | 9.2 | 8.7 |
| EPS (Diluted) | 3.88 | 3.41 | 3.73 | 3.81 | 3.81 | 2.74 | 3.19 | 3.22 | 2.12 | 1.98 | 1.72 | 1.65 | 1.41 | 1.41 | 0.34 | 0.48 | -2.17 | 1.14 | 1.73 | 1.64 | 1.63 | 1.58 | 1.50 | 1.69 | 1.61 | 1.51 | 1.36 | 1.28 | 1.19 | 1.15 | 1.12 | 1.04 | 0.98 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 84.2 | 386.5 | 548.7 | 248.7 | 641.3 | 585.2 | 295.5 | 176.2 | 189.9 | 152.4 | 150.8 | 123.1 | 79.3 | 85.3 | 91.2 | 72.6 | 53.4 | 60.6 | 36.5 | 42.6 | 35.3 | 69.1 | 46.4 | 26.9 | |||||||||
| Total Assets | 19,025.1 | 18,312.0 | 18,405.9 | 17,938.3 | 15,453.1 | 14,067.2 | 12,457.3 | 9,884.7 | 9,367.5 | 7,211.6 | 4,481.0 | 4,784.2 | 3,191.7 | 3,076.8 | 2,678.7 | 1,787.0 | 1,621.1 | 1,474 | 1,362.5 | 1,020.1 | 968 | 707.9 | 644.6 | 626.1 | |||||||||
| Total Debt | 999.9 | 1,158.2 | 1,028.8 | 1,313.9 | 634.2 | 684.9 | 732.7 | 671.0 | 834.4 | 694.2 | 450.2 | 618.4 | 440.9 | 383.2 | 356.9 | 174.4 | 163.6 | 189.9 | 113.7 | 47.5 | 54.2 | 35 | 39.2 | 46.9 | |||||||||
| Stockholders' Equity | 2,466.7 | 2,305.0 | 2,247.7 | 2,034.8 | 1,912.6 | 1,875.6 | 1,786.4 | 1,408.3 | 1,303.5 | 901.7 | 463.8 | 395.9 | 314.6 | 304.0 | 261.1 | 179.1 | 156.1 | 126.3 | 153.9 | 122 | 112.7 | 80.5 | 71 | 68.8 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 283.6 | 266.2 | 258.8 | 284.3 | 215.3 | 204.8 | 178.4 | 180.2 | 126.5 | 103.7 | 46.5 | 40.0 | 65.7 | 17.7 | 31.2 | 29.8 | 25.7 | 19.4 | 19.3 | 16.8 | 11.8 | 12.5 | 11.3 | ||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (4.9) | (2.4) | (4.4) | (3.7) | (5.2) | (2.6) | (2.1) | (2.1) | (1.2) | (2.6) | ||||||||||
| Free Cash Flow | 283.6 | 266.2 | 258.8 | 284.3 | 215.3 | 204.8 | 176.7 | 180.2 | 126.5 | 103.7 | 46.5 | 40.0 | 65.7 | 12.8 | 28.8 | 25.4 | 22 | 14.2 | 16.7 | 14.7 | 9.7 | 11.3 | 8.7 | ||||||||||