MAA - Mid-America Apartment Communities, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$141.62
DETAILS
HIGH:
$158.00
LOW:
$129.00
MEDIAN:
$139.00
CONSENSUS:
$141.62
UPSIDE:
6.88%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||
| Revenue | 2,209.1 | 2,191.0 | 2,148.5 | 2,019.9 | 1,778.1 | 1,678.0 | 1,641.0 | 1,571.3 | 1,529.0 | 1,125.3 | 1,042.8 | 989.3 | 634.7 | 497.2 | 449.0 | 402.2 | 378.5 | 369.9 | 353.0 | 326.0 | 297.5 | 267.8 | 240.9 | 233.1 | 228.0 | 224.6 | 226.3 | 215.5 | 139.1 | 111.9 | 94.8 | 51.3 |
| Cost of Revenue | 1,506.1 | 1,477.7 | 1,401.0 | 1,332.2 | 1,260.3 | 1,203.6 | 1,164.7 | 1,132.0 | 1,114.0 | 780.4 | 726.2 | 727.3 | 463.7 | 336.6 | 299.5 | 280.0 | 159.7 | 155.3 | 227.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 703.1 | 713.3 | 747.5 | 687.7 | 517.8 | 474.4 | 476.3 | 439.4 | 415.0 | 344.9 | 316.6 | 265.1 | 171.8 | 139.2 | 110.2 | 100.1 | 218.8 | 214.7 | 120.3 | 326.0 | 297.5 | 267.8 | 232.7 | 226.7 | 228.0 | 222.1 | 236.5 | 215.5 | 139.1 | 111.9 | 95 | 51.3 |
| 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 |
| SG&A Expenses | 54.8 | 56.5 | 58.6 | 58.8 | 52.9 | 46.9 | 43.8 | 38.9 | 40.2 | 29.0 | 25.7 | 20.9 | 15.6 | 13.8 | 18.1 | 12.4 | 28.5 | 28.6 | 28.7 | 11.9 | 10.4 | 9.2 | 7.2 | 6.7 | 5.9 | 14.8 | 39.7 | 12.0 | 21.2 | 6.2 | 14.5 | 8.9 |
| Other Expenses | 28.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) | 0 | 0 | 0 | 115.6 | 104.1 | 113.7 | 113.6 | 220.2 | 201.3 | 188.4 | 172.2 | 169.9 | 159.4 | 149.2 | 138.0 | 137.6 | 128.3 | 81.0 | 90.4 | (59.8) | (32.2) |
| Operating Expenses | 83.6 | 56.5 | 58.6 | 58.8 | 52.9 | 46.9 | 43.8 | 38.9 | 60.2 | 72.8 | 25.7 | 34.8 | 54.5 | 15.3 | 21.4 | 14.9 | 125.5 | 118.8 | 28.7 | 238.7 | 221.0 | 201.0 | 169.7 | 159.7 | 154.8 | 150.4 | 162.3 | 140.2 | 87.6 | 96.6 | (45.3) | (23.3) |
| Operating Income | ||||||||||||||||||||||||||||||||
| Operating Income | 619.4 | 656.8 | 688.9 | 628.9 | 464.9 | 427.5 | 432.5 | 400.5 | 354.8 | 272.1 | 290.9 | 230.2 | 117.3 | 123.9 | 88.8 | 85.3 | 93.3 | 95.9 | 91.5 | 87.3 | 76.5 | 66.8 | 63.0 | 67.0 | 73.2 | 71.8 | 74.2 | 75.3 | 51.5 | 15.3 | 140.3 | 74.6 |
| Interest Expense | 185.3 | 168.5 | 149.2 | 154.7 | 156.9 | 167.6 | 179.8 | 173.6 | 154.8 | 129.9 | 122.3 | 124.0 | 79.0 | 58.8 | 58.6 | 56.0 | 57.1 | 62.0 | 39.9 | 20.9 | 19.7 | 25.2 | 20.2 | 16.1 | 28.7 | 29.8 | 33.6 | 26.8 | 11.2 | 14.3 | 9.8 | 7 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 | 0.5 | 0.4 | 0.6 | 0.8 | 0.4 | 0.5 | 0.2 | 0 | 0 | 0 | 17.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||
| EBITDA | 1,318.6 | 1,299.8 | 1,285.9 | 1,345.7 | 1,254.4 | 945.1 | 1,046.3 | 896.4 | 991.1 | 679.1 | 769.7 | 572.7 | 306.9 | 252.4 | 205.7 | 191.3 | 192.7 | 189.1 | 180.3 | 194.3 | 175.8 | 156.8 | 236.8 | 284.7 | 282.4 | 225.8 | 402.2 | 123.7 | 234.2 | 37.5 | 157.6 | 83.8 |
| EBIT | 696.0 | 713.4 | 720.1 | 801.7 | 720.0 | 433.4 | 548.5 | 405.4 | 496.5 | 355.8 | 474.8 | 270.9 | 138.0 | 120.2 | 86.4 | 93.2 | 93.3 | 95.9 | 93.1 | 87.3 | 98.7 | 86.4 | 175.7 | 226.7 | 228.0 | 171.2 | 348.9 | 75.3 | 205.5 | 15.3 | 140.3 | 74.6 |
| Income Before Tax | 460.2 | 544.9 | 570.8 | 647.0 | 563.1 | 265.8 | 368.7 | 231.8 | 341.8 | 225.9 | 352.4 | 145.1 | 37.8 | 67.8 | 48.8 | 29.8 | 37.2 | 30.2 | 39.9 | 20.9 | 19.7 | 25.2 | 20.2 | 16.1 | 28.7 | 29.8 | 33.6 | 26.8 | 11.2 | 14.3 | 9.8 | 7 |
| Income Tax Expense | 4.6 | 5.2 | 4.7 | (6.2) | 13.6 | 3.3 | 3.7 | 2.6 | 2.6 | 1.7 | 1.7 | 2.0 | 0.9 | (37.4) | (48.8) | (29.8) | (37.2) | (30.2) | (39.9) | (20.9) | (19.7) | (25.2) | (20.2) | (16.1) | (28.7) | (29.8) | (33.6) | (26.8) | (11.2) | (14.3) | 0 | (7) |
| Net Income | 446.9 | 527.5 | 552.8 | 637.4 | 533.8 | 254.6 | 353.8 | 222.9 | 328.4 | 212.2 | 332.3 | 148.0 | 115.3 | 105.2 | 48.8 | 29.8 | 37.2 | 30.2 | 39.9 | 20.9 | 19.7 | 25.2 | 20.2 | 16.1 | 28.7 | 29.8 | 33.5 | 26.8 | 11.2 | 14.3 | 9.8 | 7 |
| Per Share Data | ||||||||||||||||||||||||||||||||
| EPS (Basic) | 3.79 | 4.49 | 4.71 | 5.49 | 4.62 | 2.20 | 3.00 | 1.89 | 2.86 | 2.69 | 4.41 | 1.97 | 2.27 | 2.56 | 1.32 | 0.57 | 0.85 | 0.64 | 1.01 | 0.30 | 0.25 | 0.51 | -0.07 | -0.11 | 0.72 | 0.78 | 0.93 | 0.82 | 0.43 | 1.21 | 1.00 | 1.01 |
| EPS (Diluted) | 3.78 | 4.49 | 4.71 | 5.48 | 4.61 | 2.19 | 2.99 | 1.89 | 2.86 | 2.69 | 4.41 | 1.97 | 2.25 | 2.56 | 1.31 | 0.56 | 0.85 | 0.64 | 1.01 | 0.29 | 0.25 | 0.50 | -0.07 | -0.11 | 0.72 | 0.78 | 0.93 | 0.82 | 0.43 | 1.21 | 1.00 | 1.01 |
| Shares Outstanding | 117.0 | 116.8 | 116.5 | 115.3 | 114.7 | 114.2 | 117.9 | 117.8 | 113.4 | 78.5 | 75.2 | 75.0 | 50.7 | 41.0 | 37.0 | 31.9 | 28.3 | 26.9 | 25.3 | 23.5 | 21.4 | 20.3 | 18.4 | 17.6 | 17.4 | 17.5 | 18.7 | 18.7 | 13.7 | 11.0 | 9.8 | 6.9 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 60.3 | 43.0 | 41.3 | 38.7 | 54.3 | 25.2 | 20.5 | 34.3 | 10.8 | 33.5 | 37.6 | 26.7 | 89.3 | 9.1 | 57.3 | 45.9 | 13.8 | 9.4 | 17.2 | 5.5 | 14.1 | 9.1 | 10.2 | 10.6 | 12.2 | 16.1 | 14.1 | 7.2 | 14.8 | 4.1 | 0 | 0 |
| Short-Term Investments | 46.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 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 |
| 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 |
| Other Current Assets | 13.7 | 21.5 | 13.8 | 22.4 | 76.3 | 10.4 | 50.1 | 17.4 | 83.4 | 88.3 | 26.1 | 28.2 | 83.1 | 0.8 | 1.4 | 1.5 | 0.6 | 0.4 | 0 | 0 | 0 | 0 | 1,390.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 120.4 | 64.5 | 55.1 | 61.1 | 130.6 | 35.6 | 70.5 | 51.7 | 94.2 | 121.8 | 63.6 | 90.0 | 172.5 | 9.9 | 58.7 | 47.5 | 14.4 | 9.8 | 17.2 | 9.3 | 14.1 | 9.1 | 10.2 | 10.6 | 12.2 | 16.1 | 14.1 | 7.2 | 14.8 | 4.1 | 0 | 0 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,406.8 | 2,068.1 | 1,926.6 | 1,843.2 | 1,720.4 | 1,669.5 | 1,510.3 | 1,460.0 | 1,351.8 | 1,192.5 | 1,216.9 | 1,244.5 | 1,248.1 | 1,315.4 | 1,134.7 | 592.3 | 549.3 | 421.1 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2 | 1.6 | 2.3 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 5.1 | 5.1 | 5.4 | 5.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 1 | 1.6 | 0 | 0.9 | 1.3 | 2.6 | 3.9 | 11.2 | 42.4 | 6.1 | 8.3 | 50.3 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 114.7 | 41.6 | 42.0 | 42.3 | 42.8 | 43.3 | 43.7 | 44.2 | 45.0 | 44.5 | 1.8 | 1.8 | 5.5 | 4.8 | 17.0 | 17.5 | 8.6 | 6.8 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 11,494.7 | 11,705.2 | 11,385.8 | 11,137.8 | 11,110.9 | 11,114.6 | 11,113.6 | 11,224.0 | 11,345.7 | 11,395.8 | 6,774.6 | 6,754.5 | 6,609.6 | 2,730.6 | 42.1 | 38.8 | 33.1 | 58.0 | 38.2 | (1,674.6) | (1,515.3) | (1,465.4) | (1,357.6) | (1,192.5) | (1,216.9) | (1,244.5) | (1,248.1) | (1,315.4) | (1,134.7) | (592.3) | (549.3) | (421.1) |
| Total Non-Current Assets | 11,609.3 | 11,747.8 | 11,429.4 | 11,180.1 | 11,154.6 | 11,159.2 | 11,159.9 | 11,272.1 | 11,397.7 | 11,482.7 | 6,784.1 | 6,766.9 | 6,669.5 | 2,741.2 | 2,471.8 | 2,128.6 | 1,972.4 | 1,912.1 | 1,762.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 11,975.4 | 11,812.4 | 11,484.5 | 11,241.2 | 11,285.2 | 11,194.8 | 11,230.5 | 11,323.8 | 11,491.9 | 11,604.5 | 6,847.8 | 6,831.0 | 6,841.9 | 2,751.1 | 2,530.5 | 2,176.0 | 1,986.8 | 1,922.0 | 1,783.8 | 1,746.6 | 1,570.5 | 1,522.3 | 1,406.5 | 1,239.5 | 1,263.5 | 1,303.8 | 1,298.8 | 1,366.4 | 1,194.1 | 611.2 | 565.3 | 439.2 |
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Account Payables | 0 | 124.8 | 94.5 | 102.0 | 0 | 0 | 0 | 0 | 0 | 12.0 | 5.9 | 8.4 | 15.1 | 4.6 | 2.1 | 1.8 | 1.7 | 1.2 | 1.1 | 2.8 | 3.3 | 0.8 | 1.7 | 0.5 | 1.2 | 1.7 | 2.1 | 10.4 | 10.1 | 0.7 | 0 | 0 |
| Short-Term Debt | 0 | 250 | 495 | 20 | 0 | 172 | 70 | 540 | 410 | 490 | 75 | 59 | 0 | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 64.6 | 65.2 | 65.1 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (502.0) | (75) | (59) | 0 | (23) | 0 | 0 | 0 | 0 | 0 | (2.8) | (3.3) | (0.8) | (1.7) | (0.5) | (1.2) | (1.7) | (2.1) | (10.4) | (10.1) | (12.9) | 0 | 0 |
| Total Current Liabilities | 730.4 | 856.7 | 1,061.3 | 558.0 | 584.4 | 700.3 | 542.3 | 953.9 | 815.6 | 452.6 | 232.2 | 227.4 | 221.3 | 99.3 | 93.8 | 75.8 | 71.2 | 68.2 | 62.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | 5,405.4 | 4,731.0 | 4,045.2 | 4,394.9 | 4,516.7 | 4,390.7 | 4,384.6 | 3,988.3 | 4,092.1 | 4,499.7 | 3,427.6 | 3,512.7 | 3,472.7 | 1,673.8 | 1,649.8 | 1,500.2 | 1,399.6 | 1,323.1 | 1,264.6 | 1,196.3 | 1,140.0 | 1,083.5 | 951.9 | 803.7 | 779.7 | 781.1 | 744.2 | 753.4 | 632.2 | 315.2 | 307.9 | 232.8 |
| 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 |
| Other Non-Current Liabilities | 0 | 50.9 | 51.5 | 49.2 | 0 | 0 | 0 | 0 | 0 | 0 | 22.0 | 23.9 | 29.3 | 28.1 | 39.4 | 59.4 | 62.8 | 88.1 | 27.1 | (1,196.3) | (1,140.0) | (1,083.5) | (951.9) | (803.7) | (779.7) | (781.1) | (744.2) | (753.4) | (632.2) | (315.2) | (307.9) | (232.8) |
| Total Non-Current Liabilities | 5,405.4 | 4,808.0 | 4,124.1 | 4,472.7 | 4,516.7 | 4,390.7 | 4,384.6 | 3,988.3 | 4,092.1 | 4,499.7 | 3,449.5 | 3,536.6 | 3,502.0 | 1,701.9 | 1,689.2 | 1,559.6 | 1,462.4 | 1,411.1 | 1,291.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 6,135.7 | 5,664.7 | 5,185.4 | 5,030.7 | 5,101.1 | 5,091.0 | 4,926.9 | 4,942.2 | 4,907.6 | 4,952.3 | 3,681.7 | 3,773.3 | 3,723.3 | 1,801.2 | 1,787.0 | 1,635.4 | 1,533.6 | 1,479.3 | 1,354.0 | 1,265.0 | 1,178.1 | 1,133.6 | 1,013.2 | 867.9 | 821.2 | 818.4 | 778.9 | 787.7 | 669.7 | 330.6 | 322 | 243.1 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Common Stock | 1.2 | 23.4 | 20.3 | 21.8 | 31.3 | 16.5 | 15.3 | 10.6 | 11.5 | 11.2 | 9.0 | 6.7 | 5.8 | 5.1 | 4.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0 | 0 |
| Retained Earnings | (1,735.0) | (1,469.6) | (1,298.3) | (1,188.9) | (1,255.8) | (1,294.2) | (1,085.5) | (989.3) | (784.5) | (707.5) | (634.1) | (729.1) | (653.6) | (603.3) | (621.8) | (575.0) | (511.0) | (464.6) | (415.0) | (378.1) | (314.4) | (269.5) | (232.2) | (188.2) | (145.1) | (116.9) | (89.9) | (63.9) | (38.4) | (15.2) | (6.1) | 2.4 |
| Accumulated Other Comprehensive Income | (5.3) | (6.9) | (8.8) | (10.1) | (11.1) | (12.1) | (13.2) | (0.2) | 2.2 | 1.1 | (1.6) | (0.4) | 0.1 | (26.1) | (35.8) | (48.8) | (47.4) | (77.7) | (16.9) | 10.9 | 7.1 | (14.7) | (25.4) | (28.1) | (8.8) | (183.7) | (146.6) | (117.8) | (76.1) | (0.3) | 0 | 0 |
| Total Stockholders' Equity | 5,683.3 | 5,964.4 | 6,113.2 | 6,025.8 | 5,995.4 | 5,887.0 | 6,082.7 | 6,159.3 | 6,350.3 | 6,413.9 | 3,000.3 | 2,896.4 | 2,951.9 | 918.8 | 722.4 | 518.5 | 430.6 | 417.0 | 401.0 | 449.1 | 362.5 | 357.3 | 351.3 | 328.2 | 398.4 | 435.4 | 463.9 | 517.3 | 461.5 | 241.4 | 202.3 | 152.4 |
| Total Liabilities & Equity | 11,975.4 | 11,812.4 | 11,484.5 | 11,241.2 | 11,285.2 | 11,194.8 | 11,230.5 | 11,323.8 | 11,491.9 | 11,604.5 | 6,847.8 | 6,831.0 | 6,841.9 | 2,751.1 | 2,530.5 | 2,176.0 | 1,986.8 | 1,922.0 | 1,783.8 | 1,746.6 | 1,570.5 | 1,522.3 | 1,406.5 | 1,239.5 | 1,263.5 | 1,303.8 | 1,298.8 | 1,366.4 | 1,194.1 | 611.2 | 565.3 | 439.2 |
| Debt Metrics | ||||||||||||||||||||||||||||||||
| Total Debt | 5,405.4 | 5,007.0 | 4,567.6 | 4,443.6 | 4,516.7 | 4,562.7 | 4,454.6 | 4,528.3 | 4,502.1 | 4,989.7 | 3,502.6 | 3,571.7 | 3,472.7 | 1,696.8 | 1,649.8 | 1,500.2 | 1,399.6 | 1,323.1 | 1,264.6 | 1,196.3 | 1,140.0 | 1,083.5 | 951.9 | 803.7 | 779.7 | 781.1 | 744.2 | 753.4 | 632.2 | 315.2 | 307.9 | 232.8 |
| Net Debt | 5,345.1 | 4,964.0 | 4,526.3 | 4,404.9 | 4,462.4 | 4,537.5 | 4,434.1 | 4,494.1 | 4,491.3 | 4,956.2 | 3,465.0 | 3,545.0 | 3,383.4 | 1,687.8 | 1,592.4 | 1,454.3 | 1,385.8 | 1,313.6 | 1,247.4 | 1,190.8 | 1,126.0 | 1,074.3 | 941.8 | 793.1 | 767.5 | 765.0 | 730.1 | 746.2 | 617.4 | 311.2 | 307.9 | 232.8 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | 456.6 | 541.6 | 567.8 | 654.8 | 550.7 | 264.0 | 366.6 | 231.0 | 340.5 | 224.4 | 350.7 | 150.9 | 42.4 | 68.2 | 38.4 | 30.9 | 39.2 | 32.1 | 30.8 | 20.9 | 19.9 | 25.2 | 20.2 | 17.5 | 29.7 | 30.0 | 33.6 | 27.7 | 19.8 | 14.3 | 9.8 | 6.5 |
| Depreciation & Amortization | 623.0 | 586.4 | 565.9 | 544.0 | 534.4 | 511.7 | 497.8 | 491.0 | 494.5 | 323.3 | 294.9 | 301.7 | 189.7 | 132.2 | 119.3 | 106.7 | 98.4 | 93.2 | 88.7 | 81.4 | 77.1 | 70.4 | 61.1 | 58.0 | 54.4 | 54.6 | 53.3 | 48.4 | 28.7 | 22.2 | 17.3 | 9.2 |
| Stock-Based Compensation | 16.8 | 15.8 | 15.7 | 18.8 | 16.7 | 14.3 | 13.7 | 12.4 | 10.6 | 11.5 | 6.1 | 4.2 | 2.3 | 2.2 | 5.5 | 3.0 | 1.7 | 1.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 9.3 | 3.8 | 4.9 | (16.1) | 55.9 | 38.2 | 12.4 | 9.3 | (49.9) | 20.4 | 19.5 | (2.5) | 18.6 | 6.6 | 7.3 | (9.1) | 0.9 | 10.3 | 3.3 | (2.7) | 6.5 | 4.1 | (0.2) | 4.4 | 15.4 | (4.7) | (4.2) | 2.3 | (14.0) | 1.0 | 10.6 | 2.4 |
| Other Non-Cash Items | (27.5) | (49.3) | (17.1) | (143.0) | (262.7) | (4.2) | (109.0) | (6.9) | (137.2) | (92.4) | (205.6) | (70.2) | 5.5 | 1.7 | 1.7 | 2.3 | (3.0) | 1.4 | (5.0) | 1.6 | (3.8) | (11.4) | (1.9) | 1.3 | (8.9) | (8.7) | (3.7) | 2.0 | 10.3 | 0.5 | (2.7) | 1 |
| Operating Cash Flow | 1,078.2 | 1,098.3 | 1,137.2 | 1,058.5 | 895.0 | 823.9 | 781.4 | 734.3 | 660.8 | 485.0 | 463.7 | 385.4 | 258.4 | 211.0 | 172.3 | 133.8 | 140.3 | 139.8 | 118.6 | 101.3 | 99.7 | 88.2 | 79.2 | 81.1 | 90.6 | 71.2 | 75 | 80.4 | 44.8 | 38.0 | 35 | 19.1 |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditure | (360.2) | (322.4) | (341.2) | (296.2) | (511.3) | (225.5) | (190.2) | (254.7) | (343.9) | (184.0) | (166.0) | (90.2) | (53.4) | (47.2) | (46.9) | (26.5) | (174.5) | (216.6) | (133.2) | (225.8) | (132.9) | (190.7) | (144.8) | (66.6) | (36.1) | (85.7) | (34.4) | (204.0) | (96.5) | (87.5) | (35) | (217.3) |
| Acquisitions | (9.8) | (2.9) | (16.6) | (13.8) | (4.7) | (5.3) | (5.4) | (2.9) | (1.5) | (424.2) | (0.0) | 0 | 63.2 | (0.2) | (1.5) | (12.1) | (2.6) | (7.6) | 9.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 10.0 | 0 | 0 | 307.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.2 | 36.9 | 0 | 58.4 | 0 | 5.4 | 0 | 17.1 | 0 | 0 |
| Other Investing Activities | (320.1) | (510.2) | (417.4) | (95.2) | (45.5) | (253.9) | (42.7) | (108.7) | 51.2 | (41.0) | 29.8 | (113.6) | (93.5) | (281.8) | (65.2) | 80.9 | 23.1 | (20.7) | (18.5) | (14.6) | 24.6 | 22.3 | (21.4) | (4.4) | 12.9 | 0.3 | 73.5 | 0.0 | (41.8) | (0.0) | (4.8) | (10.4) |
| Investing Cash Flow | (690.2) | (825.5) | (775.3) | (405.2) | (253.6) | (484.7) | (238.3) | (366.4) | (294.2) | (649.1) | (136.2) | (203.8) | (83.8) | (329.2) | (442.2) | (254.3) | (154.0) | (244.9) | (108.8) | (240.3) | (108.4) | (168.4) | (139.9) | (34.2) | (23.2) | (27.0) | 39.1 | (198.6) | (138.3) | (70.4) | (39.8) | (227.7) |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Net Debt Issuance | 423.4 | 446.6 | 121.1 | (106.4) | (44.7) | 108.5 | (68.3) | 41.0 | 23.9 | 488.8 | (64.0) | (20.7) | 28.7 | (8.0) | 149.9 | 101.0 | (44.8) | (46.2) | 70.3 | 53.6 | 44.9 | 123.8 | 63.5 | 20.0 | (5.7) | 24.9 | (7.8) | 86.9 | (64.7) | 15.0 | 26.4 | 63 |
| Stock Repurchased | (27.2) | 0 | 0 | 0 | 0 | 0 | 0 | (2.9) | (4.8) | (2.0) | (1.0) | (0.5) | (0.7) | (2.0) | (2.5) | (156.2) | (1.0) | (0.7) | 0 | 0 | 0 | (0.1) | (0.0) | 0 | (3.3) | (6.1) | (33.1) | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (712.7) | (690.6) | (655.4) | (543.3) | (474.1) | (461.0) | (441.4) | (423.5) | (399.0) | (248.6) | (232.1) | (219.2) | (140.7) | (107.7) | (92.0) | (84.8) | (88.5) | (85.0) | (81.3) | (5.9) | (6.2) | (68.7) | (6.4) | (63.9) | (63.8) | (63.7) | (66.4) | (58.5) | (39.8) | (27.3) | (18.3) | (8) |
| Other Financing Activities | (55.7) | (28.4) | (38.7) | (74.2) | (28.2) | (21.6) | (14.5) | (20.3) | (21.2) | (16.2) | (20.2) | (5.0) | (7.3) | (8.6) | (9.8) | (12.9) | 112.4 | 96.9 | (1.6) | (69.5) | (64.6) | 0 | (58.3) | 21.3 | 0 | 0 | (10.2) | (0.1) | (9.2) | (2.4) | (5.5) | (11.9) |
| Financing Cash Flow | (370.7) | (271.1) | (367.9) | (722.8) | (546.4) | (374.1) | (524.3) | (405.1) | (399.5) | 222.3 | (316.6) | (244.3) | (94.3) | 70.0 | 281.2 | 152.6 | 18.1 | 97.3 | 1.9 | 130.5 | 13.6 | 80.5 | 60.3 | (48.5) | (71.3) | (42.2) | (107.2) | 110.6 | 104.2 | 33.4 | 2.9 | 210.6 |
| Cash Position | ||||||||||||||||||||||||||||||||
| Net Change in Cash | 17.2 | 1.7 | (6.0) | (69.5) | 95.0 | (34.9) | 18.9 | (37.2) | (32.9) | 58.2 | 10.9 | (62.7) | 80.3 | (48.2) | 11.4 | 32.1 | 4.4 | (7.8) | 11.6 | (8.5) | 4.9 | 0.3 | (0.4) | (1.6) | (3.9) | 2.0 | 6.9 | (7.6) | 10.7 | 1.0 | (5) | (3) |
| Cash at Beginning | 56.8 | 55.1 | 61.1 | 130.6 | 35.6 | 70.5 | 51.7 | 88.9 | 121.8 | 63.6 | 26.7 | 89.3 | 9.1 | 57.3 | 45.9 | 13.8 | 9.4 | 17.2 | 5.5 | 14.1 | 9.1 | 8.8 | 10.6 | 12.2 | 16.1 | 14.1 | 7.2 | 14.8 | 4.1 | 3.0 | 5 | 3 |
| Cash at End | 74.0 | 56.8 | 55.1 | 61.1 | 130.6 | 35.6 | 70.5 | 51.7 | 88.9 | 121.8 | 37.6 | 26.7 | 89.3 | 9.1 | 57.3 | 45.9 | 13.8 | 9.4 | 17.2 | 5.5 | 14.1 | 9.1 | 10.2 | 10.6 | 12.2 | 16.1 | 14.1 | 7.2 | 14.8 | 4.1 | 0 | 0 |
| Free Cash Flow | 717.9 | 775.9 | 796.0 | 762.3 | 383.7 | 598.4 | 591.2 | 479.6 | 316.9 | 301.0 | 297.7 | 295.2 | 204.9 | 163.7 | 125.3 | 107.3 | (34.2) | (76.8) | (14.6) | (124.4) | (33.3) | (102.5) | (65.5) | 14.4 | 54.5 | (14.5) | 40.6 | (123.6) | (51.7) | (49.5) | 0 | (198.2) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||
| Revenue | 2,209.1 | 2,191.0 | 2,148.5 | 2,019.9 | 1,778.1 | 1,678.0 | 1,641.0 | 1,571.3 | 1,529.0 | 1,125.3 | 1,042.8 | 989.3 | 634.7 | 497.2 | 449.0 | 402.2 | 378.5 | 369.9 | 353.0 | 326.0 | 297.5 | 267.8 | 240.9 | 233.1 | 228.0 | 224.6 | 226.3 | 215.5 | 139.1 | 111.9 | 94.8 | 51.3 |
| Gross Profit | 703.1 | 713.3 | 747.5 | 687.7 | 517.8 | 474.4 | 476.3 | 439.4 | 415.0 | 344.9 | 316.6 | 265.1 | 171.8 | 139.2 | 110.2 | 100.1 | 218.8 | 214.7 | 120.3 | 326.0 | 297.5 | 267.8 | 232.7 | 226.7 | 228.0 | 222.1 | 236.5 | 215.5 | 139.1 | 111.9 | 95 | 51.3 |
| Operating Income | 619.4 | 656.8 | 688.9 | 628.9 | 464.9 | 427.5 | 432.5 | 400.5 | 354.8 | 272.1 | 290.9 | 230.2 | 117.3 | 123.9 | 88.8 | 85.3 | 93.3 | 95.9 | 91.5 | 87.3 | 76.5 | 66.8 | 63.0 | 67.0 | 73.2 | 71.8 | 74.2 | 75.3 | 51.5 | 15.3 | 140.3 | 74.6 |
| Net Income | 446.9 | 527.5 | 552.8 | 637.4 | 533.8 | 254.6 | 353.8 | 222.9 | 328.4 | 212.2 | 332.3 | 148.0 | 115.3 | 105.2 | 48.8 | 29.8 | 37.2 | 30.2 | 39.9 | 20.9 | 19.7 | 25.2 | 20.2 | 16.1 | 28.7 | 29.8 | 33.5 | 26.8 | 11.2 | 14.3 | 9.8 | 7 |
| EPS (Diluted) | 3.78 | 4.49 | 4.71 | 5.48 | 4.61 | 2.19 | 2.99 | 1.89 | 2.86 | 2.69 | 4.41 | 1.97 | 2.25 | 2.56 | 1.31 | 0.56 | 0.85 | 0.64 | 1.01 | 0.29 | 0.25 | 0.50 | -0.07 | -0.11 | 0.72 | 0.78 | 0.93 | 0.82 | 0.43 | 1.21 | 1.00 | 1.01 |
| Balance Sheet | ||||||||||||||||||||||||||||||||
| Cash & Equivalents | 60.3 | 43.0 | 41.3 | 38.7 | 54.3 | 25.2 | 20.5 | 34.3 | 10.8 | 33.5 | 37.6 | 26.7 | 89.3 | 9.1 | 57.3 | 45.9 | 13.8 | 9.4 | 17.2 | 5.5 | 14.1 | 9.1 | 10.2 | 10.6 | 12.2 | 16.1 | 14.1 | 7.2 | 14.8 | 4.1 | 0 | 0 |
| Total Assets | 11,975.4 | 11,812.4 | 11,484.5 | 11,241.2 | 11,285.2 | 11,194.8 | 11,230.5 | 11,323.8 | 11,491.9 | 11,604.5 | 6,847.8 | 6,831.0 | 6,841.9 | 2,751.1 | 2,530.5 | 2,176.0 | 1,986.8 | 1,922.0 | 1,783.8 | 1,746.6 | 1,570.5 | 1,522.3 | 1,406.5 | 1,239.5 | 1,263.5 | 1,303.8 | 1,298.8 | 1,366.4 | 1,194.1 | 611.2 | 565.3 | 439.2 |
| Total Debt | 5,405.4 | 5,007.0 | 4,567.6 | 4,443.6 | 4,516.7 | 4,562.7 | 4,454.6 | 4,528.3 | 4,502.1 | 4,989.7 | 3,502.6 | 3,571.7 | 3,472.7 | 1,696.8 | 1,649.8 | 1,500.2 | 1,399.6 | 1,323.1 | 1,264.6 | 1,196.3 | 1,140.0 | 1,083.5 | 951.9 | 803.7 | 779.7 | 781.1 | 744.2 | 753.4 | 632.2 | 315.2 | 307.9 | 232.8 |
| Stockholders' Equity | 5,683.3 | 5,964.4 | 6,113.2 | 6,025.8 | 5,995.4 | 5,887.0 | 6,082.7 | 6,159.3 | 6,350.3 | 6,413.9 | 3,000.3 | 2,896.4 | 2,951.9 | 918.8 | 722.4 | 518.5 | 430.6 | 417.0 | 401.0 | 449.1 | 362.5 | 357.3 | 351.3 | 328.2 | 398.4 | 435.4 | 463.9 | 517.3 | 461.5 | 241.4 | 202.3 | 152.4 |
| Cash Flow | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,078.2 | 1,098.3 | 1,137.2 | 1,058.5 | 895.0 | 823.9 | 781.4 | 734.3 | 660.8 | 485.0 | 463.7 | 385.4 | 258.4 | 211.0 | 172.3 | 133.8 | 140.3 | 139.8 | 118.6 | 101.3 | 99.7 | 88.2 | 79.2 | 81.1 | 90.6 | 71.2 | 75 | 80.4 | 44.8 | 38.0 | 35 | 19.1 |
| Capital Expenditure | (360.2) | (322.4) | (341.2) | (296.2) | (511.3) | (225.5) | (190.2) | (254.7) | (343.9) | (184.0) | (166.0) | (90.2) | (53.4) | (47.2) | (46.9) | (26.5) | (174.5) | (216.6) | (133.2) | (225.8) | (132.9) | (190.7) | (144.8) | (66.6) | (36.1) | (85.7) | (34.4) | (204.0) | (96.5) | (87.5) | (35) | (217.3) |
| Free Cash Flow | 717.9 | 775.9 | 796.0 | 762.3 | 383.7 | 598.4 | 591.2 | 479.6 | 316.9 | 301.0 | 297.7 | 295.2 | 204.9 | 163.7 | 125.3 | 107.3 | (34.2) | (76.8) | (14.6) | (124.4) | (33.3) | (102.5) | (65.5) | 14.4 | 54.5 | (14.5) | 40.6 | (123.6) | (51.7) | (49.5) | 0 | (198.2) |