IBCP - Independent Bank Corporation
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$38.00
DETAILS
HIGH:
$39.00
LOW:
$37.00
MEDIAN:
$38.00
CONSENSUS:
$38.00
UPSIDE:
4.37%
| 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 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||
| Revenue | 315.4 | 316.3 | 283.8 | 224.2 | 207.1 | 214.2 | 190.8 | 170.9 | 138.1 | 124.2 | 114.4 | 111.7 | 120.9 | 140.9 | 138.2 | 170.5 | 248.9 | 233.6 | 270.4 | 258.9 | 235.9 | 192.5 | 182.0 | 160.7 | 161.4 | 151.8 | 142.8 | 145 | 132.2 | 65.1 | 49.8 | 40.9 | 35.3 | 36 | 38.2 | 36.4 | 34.3 | 0 | 0 | 0 |
| Cost of Revenue | 95.9 | 104.7 | 90.0 | 25.4 | 7.6 | 28.9 | 27.4 | 19.0 | 10.3 | 5.6 | 3.1 | 3.7 | 7.2 | 20.5 | 50.1 | 83.6 | 153.9 | 144.9 | 145.8 | 110.0 | 70.9 | 47.0 | 48.1 | 51.6 | 66.2 | 71.2 | 61.4 | 68.3 | 68 | 26 | 18.5 | 13.1 | 11.9 | 15 | 19.8 | 20.4 | 19.8 | 0 | 0 | 0 |
| Gross Profit | 219.5 | 211.7 | 193.8 | 198.8 | 199.5 | 185.3 | 163.3 | 151.9 | 127.7 | 118.6 | 111.3 | 108.0 | 113.7 | 120.4 | 88.1 | 86.9 | 95.0 | 88.7 | 124.6 | 148.9 | 165.0 | 145.5 | 133.8 | 109.2 | 95.2 | 80.7 | 81.4 | 76.7 | 64.2 | 39.1 | 31.3 | 27.8 | 23.4 | 21 | 18.4 | 16 | 14.5 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 97.2 | 91.8 | 85.1 | 86.1 | 83.3 | 81.8 | 82.5 | 76.4 | 68.2 | 63.6 | 62.6 | 61.4 | 63.7 | 71.5 | 68.6 | 73.7 | 86.6 | 67.9 | 61.3 | 50.8 | 52.1 | 47.2 | 43.6 | 37.3 | 31.5 | 28.3 | 34.3 | 32.3 | 26.5 | 15.7 | 12.2 | 10.6 | 8.5 | 7.4 | 6.3 | 5.6 | 5.2 | 0 | 0 | 0 |
| Other Expenses | 41.0 | 36.8 | 35.1 | 34.9 | 38.9 | 34.0 | 23.1 | 26.3 | 21.1 | 22.1 | 19.3 | 21.3 | 27.3 | 22.7 | 39.9 | 31.5 | 101.9 | 109.5 | 54.4 | 52.6 | 49.6 | 43.3 | 38.9 | 30.9 | 30.0 | 25.1 | 35.1 | 27.4 | 34.3 | 12.2 | 9.6 | 8.9 | 7.4 | 6.9 | 6.7 | 6.4 | 5.9 | 0 | 0 | 0 |
| Operating Expenses | 138.2 | 128.6 | 120.2 | 121 | 122.2 | 115.8 | 105.6 | 102.7 | 89.3 | 85.7 | 81.9 | 82.8 | 91.0 | 94.2 | 108.6 | 105.2 | 188.4 | 177.3 | 115.7 | 103.4 | 101.8 | 90.5 | 82.5 | 68.3 | 61.5 | 53.4 | 69.4 | 59.7 | 60.8 | 27.9 | 21.8 | 19.5 | 15.9 | 14.3 | 13 | 12 | 11.1 | 0 | 0 | 0 |
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | 81.3 | 83.0 | 73.7 | 77.8 | 77.3 | 69.5 | 57.8 | 49.1 | 38.4 | 32.9 | 29.4 | 25.2 | 22.7 | 26.2 | (20.4) | (18.3) | (93.4) | (88.6) | 8.9 | 45.5 | 63.2 | 55.0 | 51.3 | 40.9 | 33.7 | 27.3 | 12 | 17 | 3.4 | 11.2 | 9.5 | 8.3 | 7.5 | 6.7 | 5.4 | 4 | 3.4 | 0 | 0 | 0 |
| Interest Expense | 89.7 | 100.5 | 83.3 | 19.4 | 8.3 | 16.2 | 26.3 | 17.5 | 9.1 | 6.9 | 5.9 | 7.3 | 9.2 | 13.1 | 20.2 | 37.2 | 50.5 | 73.6 | 102.7 | 93.7 | 63.1 | 43.0 | 44.1 | 48.0 | 62.5 | 67.9 | 58.7 | 64.7 | 66 | 24.8 | 17.9 | 12.6 | 11.3 | 13.8 | 18.8 | 19.4 | 18.6 | 0 | 0 | 0 |
| Interest Income | 269.7 | 266.8 | 239.7 | 169.0 | 138.1 | 139.8 | 148.9 | 130.8 | 98.3 | 86.5 | 80.8 | 80.6 | 87.1 | 99.4 | 114.8 | 148.9 | 189.1 | 203.7 | 223.3 | 216.9 | 193.0 | 154.2 | 139.4 | 129.8 | 134.5 | 132.8 | 125.5 | 125.9 | 119.9 | 59.5 | 46 | 37.8 | 31.5 | 33.4 | 35.9 | 34 | 32.4 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | 91.2 | 93.1 | 83.7 | 88.6 | 89.4 | 78.6 | 63.8 | 55.2 | 45.4 | 38.1 | 33.9 | 28.2 | 20.5 | 21.5 | (31.7) | (46.0) | (136.8) | (111.4) | (3.7) | 35.6 | 50.7 | 52.0 | 59.1 | 47.4 | 40.3 | 33.8 | 18.1 | 21.9 | 8.7 | 14 | 11.7 | 8.8 | 9.1 | 7.7 | 5.8 | 4.4 | 4.1 | 0 | 0 | 0 |
| EBIT | 81.3 | 83.0 | 73.7 | 77.8 | 77.3 | 69.5 | 57.8 | 49.1 | 38.4 | 32.9 | 29.4 | 25.2 | 22.7 | 26.2 | (20.4) | (18.3) | (93.4) | (88.6) | 8.9 | 45.5 | 63.2 | 55.0 | 51.3 | 40.9 | 33.7 | 27.3 | 12 | 17 | 3.4 | 11.2 | 9.5 | 8.3 | 7.5 | 6.7 | 5.4 | 4 | 3.4 | 0 | 0 | 0 |
| Income Before Tax | 81.3 | 83.0 | 73.7 | 77.8 | 77.3 | 69.5 | 57.8 | 49.1 | 38.4 | 32.9 | 29.4 | 25.2 | 22.7 | 26.2 | (20.4) | (18.3) | (93.4) | (88.6) | 8.9 | 45.5 | 63.2 | 55.0 | 51.3 | 40.9 | 33.7 | 27.3 | 12 | 17 | 3.4 | 11.2 | 9.5 | 8.3 | 7.5 | 6.7 | 5.4 | 4 | 3.4 | 0 | 0 | 0 |
| Income Tax Expense | 12.8 | 16.3 | 14.6 | 14.4 | 14.4 | 13.3 | 11.3 | 9.3 | 18.0 | 10.1 | 9.4 | 7.2 | (54.9) | 0 | (0.2) | (1.6) | (3.2) | 3.1 | (1.1) | 11.7 | 17.5 | 14.7 | 13.7 | 11.4 | 9.3 | 7.3 | 3.3 | 5.1 | 1.9 | 3.3 | 2.7 | 2.3 | 2.1 | 1.9 | 1.5 | 1.1 | 0.7 | 0 | 0 | 0 |
| Net Income | 68.5 | 66.8 | 59.1 | 63.4 | 62.9 | 56.2 | 46.4 | 39.8 | 20.5 | 22.8 | 20.0 | 18.0 | 77.5 | 26.2 | (20.2) | (16.7) | (90.2) | (91.7) | 10.4 | 33.2 | 45.7 | 40.3 | 37.6 | 29.5 | 24.4 | 20.0 | 8.7 | 11.9 | 1.5 | 7.9 | 6.8 | 6 | 5.4 | 4.8 | 3.8 | 2.9 | 2.7 | 1.8 | 1.5 | 1.4 |
| Per Share Data | ||||||||||||||||||||||||||||||||||||||||
| EPS (Basic) | 3.30 | 3.20 | 2.82 | 3.00 | 2.91 | 2.56 | 2.03 | 1.70 | 0.96 | 1.06 | 0.88 | 0.79 | 5.87 | 2.51 | -2.94 | -4.09 | -39.60 | -40.00 | 4.60 | 14.50 | 19.14 | 16.24 | 15.78 | 8.85 | 6.75 | 8.08 | 3.47 | 4.79 | 0.17 | 4.96 | 4.34 | 0.63 | 0.58 | 0.55 | 0.49 | 0.40 | 0.35 | 1.60 | 1.88 | 1.77 |
| EPS (Diluted) | 3.27 | 3.16 | 2.79 | 2.97 | 2.88 | 2.53 | 2.00 | 1.68 | 0.95 | 1.05 | 0.86 | 0.77 | 3.55 | 0.84 | -2.94 | -4.09 | -39.60 | -40.00 | 4.50 | 14.30 | 18.76 | 15.96 | 15.42 | 8.69 | 6.65 | 8.03 | 3.42 | 4.75 | 0.17 | 4.96 | 4.34 | 0.63 | 0.58 | 0.55 | 0.43 | 0.33 | 0.29 | 1.60 | 1.88 | 1.77 |
| Shares Outstanding | 20.7 | 20.9 | 20.9 | 21.1 | 21.6 | 21.9 | 22.9 | 23.4 | 21.3 | 21.5 | 22.7 | 22.9 | 14.0 | 8.7 | 8.3 | 5.1 | 2.4 | 2.3 | 2.3 | 2.3 | 2.4 | 2.5 | 2.4 | 2.3 | 2.4 | 2.5 | 2.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.4 | 1.4 | 1.4 | 1.2 | 1.1 | 1.1 | 0.8 | 0.8 |
| 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 | 1992 | 1991 | 1990 | 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 138.4 | 119.9 | 169.8 | 74.4 | 109.5 | 118.7 | 65.7 | 70.8 | 57.5 | 88.8 | 97.6 | 87.6 | 137.1 | 179.8 | 341.1 | 385.4 | 288.7 | 57.7 | 79.3 | 73.1 | 67.6 | 72.8 | 61.7 | 60.7 | 50.5 | 58.1 | 58.6 | 53.9 | 30.4 | 50.6 | 17.2 | 23.9 | 34.2 | 23.7 | 26.6 | 20.8 | 15.8 |
| Short-Term Investments | 23.2 | 25.4 | 679.4 | 779.3 | 1,412.8 | 1,072.2 | 518.4 | 427.9 | 522.9 | 610.6 | 585.5 | 533.2 | 462.5 | 208.4 | 157.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 128.9 | 66.1 | 62.5 | 44.8 | 34.9 | 29.6 | 33.4 | 7.2 | 7.2 | 7.7 | 18.4 | 29.3 | 67.8 | 5.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.7 | 0 |
| 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 161.6 | 145.3 | 849.1 | 982.6 | 1,588.4 | 1,253.3 | 628.9 | 533.6 | 610.0 | 732.8 | 690.4 | 628.0 | 607.3 | 416.1 | 540.5 | 469.1 | 316.2 | 57.7 | 79.3 | 73.1 | 67.6 | 72.8 | 61.7 | 60.7 | 50.5 | 58.1 | 58.6 | 53.9 | 30.4 | 50.6 | 17.2 | 23.9 | 34.2 | 23.7 | 26.6 | 30.5 | 15.8 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 39.0 | 37.5 | 35.5 | 35.9 | 36.4 | 36.1 | 38.4 | 38.8 | 39.1 | 40.2 | 43.1 | 45.9 | 48.6 | 47.0 | 62.5 | 68.4 | 72.6 | 73.3 | 73.6 | 68.0 | 63.2 | 56.6 | 44.0 | 40.7 | 35.9 | 34.8 | 37.6 | 35.3 | 21.1 | 18.5 | 9.9 | 9.5 | 8.8 | 6 | 6 | 6.3 | 5.8 |
| Goodwill | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.7 | 66.8 | 48.7 | 51.8 | 53.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 32.5 | 48.3 | 44.2 | 45.0 | 29.6 | 21.2 | 24.5 | 27.8 | 17.3 | 15.6 | 14.7 | 14.7 | 16.9 | 15.0 | 18.8 | 23.6 | 25.5 | 24.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 5,004.1 | 4,860.3 | 4,102.3 | 3,834.6 | 2,948.1 | 2,790.7 | 2,768.7 | 2,644.2 | 2,035.7 | 1,624.0 | 1,520.3 | 1,407.6 | 1,362.6 | 1,425.6 | 1,562.5 | 1,863.2 | 2,416.0 | 2,644.6 | 2,899.8 | 2,923.1 | 3,044.7 | 2,790.2 | 2,136.3 | 1,865.6 | 1,736.0 | 1,624.0 | 1,544.1 | 1,457.5 | 891.6 | 778 | 544.3 | 465.4 | 381.9 | 322 | 330.3 | 314.5 | 298.1 |
| Other Non-Current Assets | 240.3 | 218.4 | 204.2 | 73.3 | 74.0 | 74.4 | 73.9 | 74.7 | 72.2 | 103.6 | 100.9 | 103.8 | 117.0 | 120.1 | 123.0 | 111.0 | 135.0 | 139.7 | 112.9 | 309.1 | 113.7 | 107.6 | 93.9 | 90.5 | 65.9 | 66.8 | 84.9 | 114.2 | 40.7 | 41.5 | 18.7 | 17.4 | 19.4 | 15.8 | 8.8 | 11.2 | 8.6 |
| Total Non-Current Assets | 5,344.1 | 5,192.8 | 4,414.6 | 4,017.2 | 3,116.3 | 2,950.7 | 2,935.8 | 2,819.6 | 2,179.4 | 1,816.2 | 1,718.7 | 1,620.7 | 1,602.7 | 1,607.8 | 1,766.9 | 2,066.2 | 2,649.2 | 2,898.5 | 3,168.2 | 3,356.8 | 3,288.3 | 3,021.2 | 2,298.4 | 1,996.8 | 1,837.9 | 1,725.6 | 1,666.6 | 1,607 | 953.4 | 838 | 572.9 | 492.3 | 410.1 | 343.8 | 345.1 | 332 | 312.5 |
| Total Assets | 5,505.7 | 5,338.1 | 5,263.7 | 4,999.8 | 4,704.7 | 4,204.0 | 3,564.7 | 3,353.3 | 2,789.4 | 2,548.9 | 2,409.1 | 2,248.7 | 2,209.9 | 2,023.9 | 2,307.4 | 2,535.2 | 2,965.4 | 2,956.2 | 3,276.1 | 3,429.9 | 3,355.8 | 3,094.0 | 2,358.6 | 2,057.6 | 1,888.5 | 1,783.8 | 1,725.2 | 1,660.9 | 983.8 | 888.6 | 590.1 | 516.2 | 444.3 | 367.5 | 371.7 | 362.5 | 328.3 |
| Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 61 | 0 | 0 | 53.6 | 10 | 26.7 | 1.2 | 0 | 0 | 4.2 | 0 | 12.4 | 0 | 0 | 0.8 | 54.5 | 84.1 | 80.3 | 117.6 | 53.9 | 23.8 | 35.1 | 27.6 | 42.4 | 22.7 | 28 | 1.7 | 13.4 | 13.9 | 5.1 | 5.7 | 0 | 5.7 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 4,761.7 | 4,654.1 | 4,622.9 | 4,379.1 | 4,115.5 | 3,637.4 | 3,036.7 | 2,913.4 | 2,400.5 | 2,225.7 | 2,086.0 | 1,924.3 | 1,884.8 | 1,779.5 | 2,086.1 | 2,251.8 | 2,565.8 | 2,066.5 | 2,505.1 | 2,602.8 | 2,641.1 | 2,176.9 | 1,702.8 | 1,535.6 | 1,387.4 | 1,389.9 | 1,310.6 | 1,255.5 | 700.4 | 672.5 | 411.6 | 409.4 | 388.9 | 327 | 332.2 | 325.7 | 293.3 |
| Total Current Liabilities | 4,761.7 | 4,654.1 | 4,622.9 | 4,548.1 | 4,197.3 | 3,705.7 | 3,140.1 | 2,959.2 | 2,460.9 | 2,255.4 | 2,110.5 | 1,948.3 | 1,920.6 | 1,813.4 | 2,133.6 | 2,295.0 | 2,610.1 | 2,126.5 | 2,559.6 | 2,719.6 | 2,756.7 | 2,342.7 | 1,783.0 | 1,559.4 | 1,422.5 | 1,417.5 | 1,353 | 1,278.2 | 728.4 | 674.2 | 425 | 423.3 | 394 | 332.7 | 332.2 | 331.4 | 301.7 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Long-Term Debt | 116.9 | 124.4 | 129.3 | 165.1 | 109.0 | 108.8 | 74.5 | 55.1 | 63.5 | 43.8 | 47.5 | 48.0 | 53.7 | 67.8 | 71.2 | 121.2 | 224.1 | 634.9 | 395.4 | 227.9 | 291.2 | 469.6 | 384.0 | 327.7 | 305.3 | 196.0 | 224.6 | 229.2 | 184.4 | 152.6 | 110.9 | 47.7 | 0 | 0 | 7.5 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 124.2 | 104.9 | 107.1 | (61) | 0 | 0 | 0 | 0 | 0 | 0.7 | (0.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35.7 | 224.2 | 59.6 | 51.5 | 30.9 | 32.4 | 28.8 | 42.0 | 33.9 | 36.5 | 11.5 | 10 | 7.2 | 4.9 | 14.1 | 3 | 4 | 3.3 | 3.8 |
| Total Non-Current Liabilities | 241.1 | 229.3 | 236.4 | 104.1 | 109.0 | 108.8 | 74.5 | 55.1 | 63.5 | 44.5 | 46.7 | 48.0 | 53.7 | 67.8 | 71.2 | 121.2 | 224.1 | 634.9 | 431.1 | 452.1 | 350.9 | 521.1 | 414.9 | 360.1 | 334.1 | 238.0 | 258.5 | 265.7 | 195.9 | 162.6 | 118.1 | 52.6 | 14.1 | 3 | 11.5 | 3.3 | 3.8 |
| Total Liabilities | 5,002.8 | 4,883.4 | 4,859.3 | 4,652.2 | 4,306.3 | 3,814.5 | 3,214.5 | 3,014.3 | 2,524.4 | 2,300.0 | 2,158.0 | 1,998.4 | 1,978.4 | 1,888.9 | 2,204.8 | 2,416.2 | 2,855.5 | 2,761.4 | 3,007.0 | 3,171.7 | 3,107.6 | 2,863.7 | 2,197.9 | 1,919.5 | 1,756.6 | 1,655.5 | 1,611.5 | 1,543.9 | 924.3 | 836.8 | 543.1 | 475.9 | 408.1 | 335.7 | 343.7 | 337.8 | 305.5 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||||||
| Common Stock | 307.8 | 318.8 | 317.5 | 321.0 | 323.4 | 339.4 | 352.3 | 377.4 | 325.0 | 323.7 | 339.5 | 352.5 | 351.2 | 251.2 | 248.9 | 0 | 23.9 | 22.8 | 22.6 | 22.9 | 22.0 | 21.2 | 19.6 | 17.8 | 17.8 | 11.6 | 11.2 | 10.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 252.8 | 205.9 | 159.1 | 119.4 | 74.6 | 40.1 | 1.6 | (28.3) | (54.1) | (65.7) | (82.3) | (96.5) | (110.3) | (192.4) | (214.3) | (189.9) | (169.1) | (73.8) | 22.8 | 31.4 | 41.5 | 41.8 | 17.0 | 41.8 | 39.4 | 37.5 | 33.9 | 38.6 | 23.2 | 24.7 | 23.7 | 22.9 | 17.2 | 13.3 | 9.7 | 7.2 | 5.4 |
| Accumulated Other Comprehensive Income | (57.7) | (69.9) | (72.1) | (92.8) | 0.5 | 10.0 | (3.8) | (10.1) | (6.0) | (9.1) | (6.0) | (5.6) | (9.2) | (8.1) | (260.9) | (13.1) | (15.7) | (23.2) | (0.2) | 3.6 | 4.9 | 8.5 | 6.3 | 3.4 | (1.8) | 1.9 | (3.1) | 1.2 | 1.7 | 1 | 0.7 | (2.1) | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 503.0 | 454.7 | 404.4 | 347.6 | 398.5 | 389.5 | 350.2 | 339.0 | 264.9 | 249.0 | 251.1 | 250.4 | 231.6 | 135.0 | 102.6 | 119.1 | 109.9 | 194.9 | 240.5 | 258.2 | 248.3 | 230.3 | 162.2 | 138.0 | 131.9 | 128.3 | 113.7 | 117 | 59.5 | 51.8 | 47 | 40.3 | 36.2 | 31.8 | 28 | 24.7 | 22.8 |
| Total Liabilities & Equity | 5,505.7 | 5,338.1 | 5,263.7 | 4,999.8 | 4,704.7 | 4,204.0 | 3,564.7 | 3,353.3 | 2,789.4 | 2,548.9 | 2,409.1 | 2,248.7 | 2,209.9 | 2,023.9 | 2,307.4 | 2,535.2 | 2,965.4 | 2,956.2 | 3,276.1 | 3,429.9 | 3,355.8 | 3,094.0 | 2,358.6 | 2,057.6 | 1,888.5 | 1,783.8 | 1,725.2 | 1,660.9 | 983.8 | 888.6 | 590.1 | 516.2 | 444.3 | 367.5 | 371.7 | 362.5 | 328.3 |
| Debt Metrics | |||||||||||||||||||||||||||||||||||||
| Total Debt | 116.9 | 124.4 | 129.3 | 226.1 | 109.0 | 108.8 | 128.1 | 65.1 | 90.2 | 45.0 | 47.5 | 48.0 | 57.9 | 67.8 | 83.6 | 121.2 | 224.1 | 634.9 | 449.9 | 312.0 | 371.5 | 587.1 | 437.9 | 351.5 | 340.4 | 223.6 | 267 | 251.9 | 212.4 | 154.3 | 124.3 | 61.6 | 5.1 | 5.7 | 7.5 | 5.7 | 0 |
| Net Debt | (21.5) | 4.5 | (40.5) | 151.7 | (0.5) | (9.9) | 62.4 | (5.8) | 32.7 | (43.8) | (50.1) | (39.5) | (79.2) | (112.0) | (257.5) | (264.2) | (64.7) | 577.2 | 370.6 | 238.8 | 304.0 | 514.3 | 376.1 | 290.8 | 289.8 | 165.4 | 208.4 | 198 | 182 | 103.7 | 107.1 | 37.7 | (29.1) | (18) | (19.1) | (15.1) | (15.8) |
| 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 | 1992 | 1991 | 1990 | 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | 68.5 | 66.8 | 59.1 | 63.4 | 62.9 | 56.2 | 46.4 | 39.8 | 20.5 | 22.8 | 20.0 | 18.0 | 77.5 | 26.2 | (20.2) | (16.7) | (90.2) | (91.7) | 10.4 | 33.2 | 46.9 | 38.6 | 37.6 | 29.5 | 24.4 | 20.0 | 8.7 | 11.9 | 1.5 | 7.9 | 6.8 | 6 | 5.4 | 4.8 | 3.9 | 2.9 | 2.7 |
| Depreciation & Amortization | 9.9 | 10.0 | 10.0 | 10.8 | 12.1 | 6.3 | 6.1 | 6.0 | 7.0 | 5.2 | 4.6 | 3.0 | (2.2) | (4.7) | (11.3) | (27.7) | (43.3) | (22.8) | (12.6) | (9.8) | (12.5) | (3.0) | 7.8 | 6.5 | 6.6 | 6.5 | 6.1 | 4.9 | 5.3 | 2.8 | 2.2 | 0.5 | 1.6 | 1 | 0.4 | 0.4 | 0.7 |
| Stock-Based Compensation | 2.7 | 2.3 | 2.2 | 2.1 | 1.9 | 2.0 | 1.9 | 1.7 | 1.7 | 1.6 | 1.5 | 1.2 | 1.2 | 0.9 | 1.2 | 0.5 | 0.8 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (7.8) | (24.2) | (18.2) | (11.2) | 5.5 | 2.3 | 6.0 | (4.7) | 1.7 | (6.6) | (2.9) | (9.8) | 4.2 | 4.2 | 15.3 | 2.3 | (19.1) | (21.0) | (14.0) | (15.2) | 10.1 | 7.0 | (11.1) | (3.2) | 2.1 | 8.2 | (6.2) | (7.9) | 10 | (7.5) | 2.9 | 2.3 | 0.3 | (1.1) | 1.4 | (0.8) | (0.3) |
| Other Non-Cash Items | 6.8 | 9.4 | 22.3 | 29.9 | 25.8 | (5.9) | (26.9) | (7.3) | (8.3) | (9.0) | (9.5) | (8.3) | 28.8 | 2.9 | 50.2 | 40.4 | 154.1 | 144.7 | 40.4 | 16.4 | 0.8 | (2.1) | 101.1 | (48.3) | (52.9) | (4.9) | 36.7 | (20.8) | (8.8) | 8.5 | (2.1) | 0.8 | 0 | (2.3) | 1.1 | 0.8 | 1.5 |
| Operating Cash Flow | 76.7 | 63.2 | 75.6 | 94.6 | 110.2 | 58.7 | 34.5 | 44.9 | 38.6 | 23.7 | 22.9 | 13.1 | 52.1 | 29.4 | 35.4 | (2.5) | 4.4 | 20.8 | 17.8 | 22.2 | 48.3 | 42.6 | 139.9 | (14.6) | (20.9) | 30.8 | 46.2 | (12.6) | 7.7 | 11.5 | 8.6 | 10.1 | 7.3 | 2 | 6.5 | 3.3 | 4.6 |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditure | (6.5) | (8.0) | (6.0) | (5.7) | (5.8) | (4.4) | (4.9) | (3.9) | (4.2) | (3.5) | (4.4) | (4.3) | (8.4) | (5.3) | (2.8) | (4.8) | (8.0) | (8.1) | (10.3) | (13.3) | (13.9) | (11.7) | (7.3) | (9.5) | (5.6) | (1.6) | (6.5) | (8.9) | (6.2) | (3.7) | (1.6) | (1.3) | (2) | (0.7) | (0.4) | (0.6) | (1.7) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.5 | 33.4 | 0 | (7.2) | 0 | 3.3 | (340.0) | 0 | 349.6 | 0 | 0 | 386.0 | 0 | 0 | 0 | (3.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (26.5) | (3.6) | (1.7) | (140.2) | (824.3) | (859.1) | (237.7) | (105.5) | (100.6) | (298.4) | (235.2) | (225.3) | (334.6) | (192.7) | (173.2) | (55.1) | (15.8) | (29.1) | (72.9) | (5.3) | (70.6) | (132.2) | (226.9) | (181.2) | (120.0) | (50.4) | (699.6) | (881.4) | (129.8) | (60.7) | (20.2) | (60.9) | (69.9) | (43.7) | (35) | (36.2) | (58.2) |
| Sales/Maturities of Investments | 136.2 | 140.5 | 145.4 | 260.0 | 461.1 | 344.8 | 222.7 | 209.4 | 191.0 | 267.5 | 184.0 | 161.2 | 76.5 | 144.5 | 86.4 | 156.9 | 79.2 | 132.1 | 130.8 | 57.1 | 131.1 | 128.6 | 139.2 | 120.4 | 66.6 | 85.3 | 720.2 | 969.8 | 237.3 | 47.8 | 34.4 | 62.6 | 52.6 | 31 | 34 | 31.5 | 42.4 |
| Other Investing Activities | (225.7) | (247.1) | (300.6) | (538.7) | (194.0) | (35.2) | (162.2) | (306.9) | (397.2) | (104.5) | (97.8) | (13.7) | 42.1 | 119.7 | 217.1 | 386.0 | 0 | 41.2 | (57.8) | (104.5) | (316.9) | (279.3) | (189.2) | (35.2) | (6.9) | (91.0) | (117.8) | (50.5) | (188.5) | 13.8 | (74.9) | (54.7) | 13.6 | 21.1 | (18.5) | 0 | 0 |
| Investing Cash Flow | (122.5) | (118.2) | (162.9) | (424.6) | (563.1) | (553.9) | (182.2) | (183.4) | (277.6) | (138.9) | (160.5) | (82.1) | (221.1) | (273.9) | 127.5 | 483.5 | 147.6 | 136.2 | 375.7 | (65.9) | (270.3) | (294.6) | (287.2) | (105.5) | (66.0) | (57.7) | (103.7) | 29 | (87.2) | (2.8) | (62.3) | (54.3) | (5.7) | 7.7 | (19.9) | (5.3) | (17.5) |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Net Debt Issuance | (8.0) | (5.0) | (36.0) | 56.0 | (0.0) | (19.4) | 62.9 | (43.3) | 45.2 | (2.5) | (0.5) | (9.4) | (9.9) | (15.8) | (37.6) | (61.2) | (411.6) | 50.7 | 137.9 | (59.6) | (215.6) | 102.9 | (28.4) | 11.1 | 99.5 | (43.3) | 15.1 | (128.9) | 40.5 | 3.7 | 62.7 | 47.5 | 8.4 | (1.8) | (0.5) | 0.4 | (1.1) |
| Stock Repurchased | (12.4) | 0 | (5.2) | (4.0) | (17.3) | (14.2) | (26.3) | (12.7) | 0 | (16.9) | (13.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (6.0) | (12.0) | (13.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (21.6) | (20.0) | (19.3) | (18.6) | (18.2) | (17.6) | (16.6) | (14.1) | (9.0) | (7.3) | (5.9) | (4.1) | 0 | 0 | 0 | 0 | (3.4) | (7.8) | (18.9) | (17.5) | (15.3) | (12.5) | (11.0) | (8.4) | (7.2) | (6.6) | (4.6) | (3.6) | (3.2) | (2.7) | (2.4) | (1.9) | (1.4) | (1.2) | (1.2) | (1.1) | (1.1) |
| Other Financing Activities | 107.6 | 30.2 | 243.2 | 261.4 | 479.0 | 599.9 | 122.4 | 224.0 | 174.2 | 139.2 | 168.2 | 37.4 | 101.1 | 97.5 | (170.8) | (323.5) | 494.0 | (293.5) | (500.6) | 137.4 | 458.5 | 172.8 | 198.7 | 148.2 | (2.5) | 79.3 | 55 | 125.4 | 25.6 | 23.6 | (13.2) | (14.2) | 1.9 | (5.2) | 16.3 | 7.6 | 14.4 |
| Financing Cash Flow | 64.3 | 5.1 | 182.8 | 294.9 | 443.7 | 548.6 | 142.7 | 154.0 | 210.5 | 112.6 | 148.2 | 24.0 | 108.3 | 83.2 | (207.1) | (384.2) | 79.0 | (178.5) | (387.4) | 49.3 | 216.7 | 263.1 | 148.3 | 130.3 | 79.3 | 26.4 | 62.2 | (6.2) | 63.7 | 24.7 | 47.2 | 30.5 | 8.9 | (8.2) | 14.5 | 7 | 12.4 |
| Cash Position | |||||||||||||||||||||||||||||||||||||
| Net Change in Cash | 18.5 | (49.9) | 95.4 | (35.1) | (9.2) | 53.4 | (4.9) | 15.5 | (28.5) | (2.6) | 11.8 | (45.1) | (60.7) | (161.3) | (44.3) | 96.6 | 231.0 | (21.6) | 6.1 | 5.6 | (5.3) | 11.1 | 1.0 | 10.2 | (7.6) | (0.5) | 4.7 | 10.1 | (15.7) | (17.2) | (23.7) | (37.4) | (23.3) | (21.9) | (20.8) | (15.8) | (16.4) |
| Cash at Beginning | 119.9 | 169.8 | 74.4 | 109.5 | 118.7 | 65.3 | 70.2 | 54.7 | 83.2 | 85.8 | 74.0 | 119.1 | 179.8 | 341.1 | 385.4 | 288.7 | 57.7 | 79.3 | 73.1 | 67.5 | 72.8 | 61.7 | 60.7 | 50.5 | 58.1 | 58.6 | 53.9 | 43.8 | 59.5 | 17.2 | 23.7 | 37.4 | 23.3 | 21.9 | 20.8 | 15.8 | 16.4 |
| Cash at End | 138.4 | 119.9 | 169.8 | 74.4 | 109.5 | 118.7 | 65.3 | 70.2 | 54.7 | 83.2 | 85.8 | 74.0 | 119.1 | 179.8 | 341.1 | 385.4 | 288.7 | 57.7 | 79.3 | 73.1 | 67.6 | 72.8 | 61.7 | 60.7 | 50.5 | 58.1 | 58.6 | 53.9 | 43.8 | 50.6 | 17.2 | 23.7 | 33.8 | 23.4 | 21.9 | 20.8 | 15.9 |
| Free Cash Flow | 70.2 | 55.2 | 69.6 | 89.0 | 104.3 | 54.3 | 29.6 | 41.1 | 34.4 | 20.2 | 18.5 | 8.8 | 43.7 | 24.1 | 32.9 | (7.3) | (3.6) | 12.6 | 7.5 | 8.9 | 34.4 | 30.9 | 132.6 | (24.1) | (26.6) | 29.2 | 39.7 | (21.5) | 1.5 | 7.8 | 7 | 8.8 | 5.3 | 1.3 | 6.1 | 2.7 | 2.9 |
| 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 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||||||||
| Revenue | 315.4 | 316.3 | 283.8 | 224.2 | 207.1 | 214.2 | 190.8 | 170.9 | 138.1 | 124.2 | 114.4 | 111.7 | 120.9 | 140.9 | 138.2 | 170.5 | 248.9 | 233.6 | 270.4 | 258.9 | 235.9 | 192.5 | 182.0 | 160.7 | 161.4 | 151.8 | 142.8 | 145 | 132.2 | 65.1 | 49.8 | 40.9 | 35.3 | 36 | 38.2 | 36.4 | 34.3 | 0 | 0 | 0 |
| Gross Profit | 219.5 | 211.7 | 193.8 | 198.8 | 199.5 | 185.3 | 163.3 | 151.9 | 127.7 | 118.6 | 111.3 | 108.0 | 113.7 | 120.4 | 88.1 | 86.9 | 95.0 | 88.7 | 124.6 | 148.9 | 165.0 | 145.5 | 133.8 | 109.2 | 95.2 | 80.7 | 81.4 | 76.7 | 64.2 | 39.1 | 31.3 | 27.8 | 23.4 | 21 | 18.4 | 16 | 14.5 | 0 | 0 | 0 |
| Operating Income | 81.3 | 83.0 | 73.7 | 77.8 | 77.3 | 69.5 | 57.8 | 49.1 | 38.4 | 32.9 | 29.4 | 25.2 | 22.7 | 26.2 | (20.4) | (18.3) | (93.4) | (88.6) | 8.9 | 45.5 | 63.2 | 55.0 | 51.3 | 40.9 | 33.7 | 27.3 | 12 | 17 | 3.4 | 11.2 | 9.5 | 8.3 | 7.5 | 6.7 | 5.4 | 4 | 3.4 | 0 | 0 | 0 |
| Net Income | 68.5 | 66.8 | 59.1 | 63.4 | 62.9 | 56.2 | 46.4 | 39.8 | 20.5 | 22.8 | 20.0 | 18.0 | 77.5 | 26.2 | (20.2) | (16.7) | (90.2) | (91.7) | 10.4 | 33.2 | 45.7 | 40.3 | 37.6 | 29.5 | 24.4 | 20.0 | 8.7 | 11.9 | 1.5 | 7.9 | 6.8 | 6 | 5.4 | 4.8 | 3.8 | 2.9 | 2.7 | 1.8 | 1.5 | 1.4 |
| EPS (Diluted) | 3.27 | 3.16 | 2.79 | 2.97 | 2.88 | 2.53 | 2.00 | 1.68 | 0.95 | 1.05 | 0.86 | 0.77 | 3.55 | 0.84 | -2.94 | -4.09 | -39.60 | -40.00 | 4.50 | 14.30 | 18.76 | 15.96 | 15.42 | 8.69 | 6.65 | 8.03 | 3.42 | 4.75 | 0.17 | 4.96 | 4.34 | 0.63 | 0.58 | 0.55 | 0.43 | 0.33 | 0.29 | 1.60 | 1.88 | 1.77 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 138.4 | 119.9 | 169.8 | 74.4 | 109.5 | 118.7 | 65.7 | 70.8 | 57.5 | 88.8 | 97.6 | 87.6 | 137.1 | 179.8 | 341.1 | 385.4 | 288.7 | 57.7 | 79.3 | 73.1 | 67.6 | 72.8 | 61.7 | 60.7 | 50.5 | 58.1 | 58.6 | 53.9 | 30.4 | 50.6 | 17.2 | 23.9 | 34.2 | 23.7 | 26.6 | 20.8 | 15.8 | |||
| Total Assets | 5,505.7 | 5,338.1 | 5,263.7 | 4,999.8 | 4,704.7 | 4,204.0 | 3,564.7 | 3,353.3 | 2,789.4 | 2,548.9 | 2,409.1 | 2,248.7 | 2,209.9 | 2,023.9 | 2,307.4 | 2,535.2 | 2,965.4 | 2,956.2 | 3,276.1 | 3,429.9 | 3,355.8 | 3,094.0 | 2,358.6 | 2,057.6 | 1,888.5 | 1,783.8 | 1,725.2 | 1,660.9 | 983.8 | 888.6 | 590.1 | 516.2 | 444.3 | 367.5 | 371.7 | 362.5 | 328.3 | |||
| Total Debt | 116.9 | 124.4 | 129.3 | 226.1 | 109.0 | 108.8 | 128.1 | 65.1 | 90.2 | 45.0 | 47.5 | 48.0 | 57.9 | 67.8 | 83.6 | 121.2 | 224.1 | 634.9 | 449.9 | 312.0 | 371.5 | 587.1 | 437.9 | 351.5 | 340.4 | 223.6 | 267 | 251.9 | 212.4 | 154.3 | 124.3 | 61.6 | 5.1 | 5.7 | 7.5 | 5.7 | 0 | |||
| Stockholders' Equity | 503.0 | 454.7 | 404.4 | 347.6 | 398.5 | 389.5 | 350.2 | 339.0 | 264.9 | 249.0 | 251.1 | 250.4 | 231.6 | 135.0 | 102.6 | 119.1 | 109.9 | 194.9 | 240.5 | 258.2 | 248.3 | 230.3 | 162.2 | 138.0 | 131.9 | 128.3 | 113.7 | 117 | 59.5 | 51.8 | 47 | 40.3 | 36.2 | 31.8 | 28 | 24.7 | 22.8 | |||
| Cash Flow | ||||||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | 76.7 | 63.2 | 75.6 | 94.6 | 110.2 | 58.7 | 34.5 | 44.9 | 38.6 | 23.7 | 22.9 | 13.1 | 52.1 | 29.4 | 35.4 | (2.5) | 4.4 | 20.8 | 17.8 | 22.2 | 48.3 | 42.6 | 139.9 | (14.6) | (20.9) | 30.8 | 46.2 | (12.6) | 7.7 | 11.5 | 8.6 | 10.1 | 7.3 | 2 | 6.5 | 3.3 | 4.6 | |||
| Capital Expenditure | (6.5) | (8.0) | (6.0) | (5.7) | (5.8) | (4.4) | (4.9) | (3.9) | (4.2) | (3.5) | (4.4) | (4.3) | (8.4) | (5.3) | (2.8) | (4.8) | (8.0) | (8.1) | (10.3) | (13.3) | (13.9) | (11.7) | (7.3) | (9.5) | (5.6) | (1.6) | (6.5) | (8.9) | (6.2) | (3.7) | (1.6) | (1.3) | (2) | (0.7) | (0.4) | (0.6) | (1.7) | |||
| Free Cash Flow | 70.2 | 55.2 | 69.6 | 89.0 | 104.3 | 54.3 | 29.6 | 41.1 | 34.4 | 20.2 | 18.5 | 8.8 | 43.7 | 24.1 | 32.9 | (7.3) | (3.6) | 12.6 | 7.5 | 8.9 | 34.4 | 30.9 | 132.6 | (24.1) | (26.6) | 29.2 | 39.7 | (21.5) | 1.5 | 7.8 | 7 | 8.8 | 5.3 | 1.3 | 6.1 | 2.7 | 2.9 | |||