PENN - PENN Entertainment, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$23.50
DETAILS
HIGH:
$28.00
LOW:
$17.00
MEDIAN:
$24.00
CONSENSUS:
$23.50
UPSIDE:
10.99%
| 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 | 6,961 | 6,578.1 | 6,362.9 | 6,401.7 | 5,905 | 3,578.7 | 5,301.4 | 3,587.9 | 3,148.0 | 3,034.4 | 2,838.4 | 2,590.5 | 2,918.8 | 2,899.5 | 2,742.3 | 2,459.1 | 2,369.3 | 2,423.1 | 2,436.8 | 2,351.5 | 1,412.5 | 1,140.7 | 1,163.0 | 657.5 | 519.4 | 294.1 | 171.5 | 154.1 | 111.5 | 62.8 | 57.7 | 46 | 42.2 |
| Cost of Revenue | 5,055.5 | 4,414.5 | 4,000.8 | 3,631.6 | 3,148 | 1,868 | 2,954.5 | 2,048.0 | 1,812.9 | 1,757.8 | 1,621.6 | 1,468.8 | 1,663.9 | 1,686.5 | 1,620.7 | 1,464.9 | 1,427.9 | 1,427.5 | 1,402.6 | 1,306.8 | 855.1 | 681.5 | 708.3 | 405.0 | 314.6 | 189.9 | 91.7 | 85.7 | 67.7 | 38.2 | 35.9 | 29.8 | 28.2 |
| Gross Profit | 1,905.5 | 2,163.6 | 2,362.1 | 2,770.1 | 2,757 | 1,710.7 | 2,346.9 | 1,540.0 | 1,335.1 | 1,276.5 | 1,216.8 | 1,121.8 | 1,254.9 | 1,212.9 | 1,121.5 | 994.2 | 941.4 | 995.6 | 1,034.2 | 1,044.7 | 557.3 | 459.2 | 454.7 | 252.5 | 204.8 | 104.2 | 79.8 | 68.4 | 43.8 | 24.6 | 21.8 | 16.2 | 14 |
| 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 | 1,633.8 | 1,568.4 | 1,563.4 | 1,110.4 | 1,352.9 | 1,130.8 | 1,187.7 | 619.0 | 514.8 | 463.0 | 449.4 | 867.8 | 596.0 | 532.2 | 410.5 | 403.9 | 409.2 | 427.1 | 388.4 | 436.6 | 191.9 | 179.7 | 204.0 | 114.0 | 95.0 | 44.7 | 19.5 | 19.1 | 16.2 | 14 | 12.7 | 10.8 | 7.6 |
| Other Expenses | (0.4) | 522.7 | 1,488.9 | 685.7 | 344.5 | 990.1 | 587.3 | (7.1) | (2.3) | (1.7) | 5.9 | 2.9 | 3.8 | (1.4) | 211.5 | 197.3 | 194.4 | 173.5 | 147.9 | 30.2 | 121.9 | 65.8 | 67.5 | 36.5 | 32.1 | 13.6 | 39.1 | 29.7 | 15.4 | 1.4 | 0.9 | 0.7 | 4 |
| Operating Expenses | 1,633.4 | 2,091.1 | 3,052.3 | 1,796.1 | 1,697.4 | 2,120.9 | 1,775 | 905.9 | 781.8 | 734.2 | 708.9 | 1,046.8 | 894.3 | 777.6 | 621.9 | 616.3 | 603.6 | 1,082.0 | 536.3 | 466.9 | 313.8 | 245.5 | 271.5 | 150.4 | 127.1 | 58.3 | 58.6 | 48.8 | 31.6 | 15.4 | 13.6 | 11.5 | 11.6 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 272.1 | 72.5 | (690.2) | 974 | 1,059.6 | (410.2) | 571.9 | 634.1 | 475.1 | 543.0 | 467.8 | (240.4) | (772.0) | 442.6 | 499.6 | 153.2 | (194.6) | (86.4) | 497.8 | 577.8 | 243.5 | 213.8 | 183.2 | 102.1 | 77.7 | 45.9 | 21.2 | 19.6 | 12.2 | 9.2 | 8.2 | 4.7 | 2.4 |
| Interest Expense | 405.8 | 470.5 | 464.7 | 758.2 | 562.8 | 543.2 | 534.2 | 539.4 | 466.8 | 459.2 | 443.1 | 425.1 | 159.9 | 81.4 | 99.6 | 130.2 | 135.0 | 169.8 | 0 | 0 | 0 | 0 | 42.1 | 42.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 9.7 | 23.6 | 40.3 | 18.3 | 1.1 | 0 | 0 | 1.0 | 3.6 | 24.2 | 11.5 | 3.7 | 1.4 | 0.9 | 0.4 | 1.6 | 6.5 | 8.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 32 | 562.8 | 400.2 | 1,501 | 1,446.4 | 76.6 | 1,035.9 | 898.3 | 708.8 | 851.1 | 759.2 | 538.6 | (163.1) | 640.6 | 692.1 | 322.6 | (28.5) | 295.8 | 638.2 | 713.2 | 321.8 | 279.1 | 249.8 | 138.0 | 112.2 | 58.7 | 26.3 | 25.4 | 16.2 | 10.6 | 9.1 | 5.4 | 3 |
| EBIT | (414.9) | 129.2 | (34.9) | 933.5 | 1,101.9 | (290.1) | 621.7 | 629.3 | 441.7 | 579.9 | 499.7 | 271.8 | (466.5) | 407.2 | 488.8 | 134.7 | (222.9) | 122.2 | 490.3 | 577.8 | 243.5 | 213.3 | 176.5 | 98.2 | 77.7 | 45.1 | 17.7 | 19.7 | 12.2 | 9.2 | 8.2 | 4.7 | 2.4 |
| Income Before Tax | (820.7) | (341.3) | (499.6) | 175.3 | 539.1 | (834.2) | 86.1 | 89.9 | 4.3 | 120.6 | 56.6 | (271.8) | (915.9) | 364.5 | 389.2 | 4.5 | (327.9) | (47.6) | 292.2 | 369.9 | 141.8 | 137.6 | 83.2 | 57.7 | 36.4 | 28.7 | 10.5 | 12 | 6.1 | 9.3 | 8.5 | 4.1 | 2.4 |
| Income Tax Expense | 24.6 | (28) | (8.2) | (46.4) | 118.6 | (165.1) | 43 | (3.6) | (498.5) | 11.3 | 55.9 | (38.6) | (121.5) | 152.6 | 146.9 | 66.2 | (60.5) | 105.7 | 132.2 | 156.9 | 54.6 | 50.3 | 31.7 | 21.7 | 12.6 | 10.1 | 3.8 | 4.5 | 2.3 | 3.8 | 3.5 | 1.4 | 1.1 |
| Net Income | (843.1) | (311.5) | (490) | 222.1 | 420.8 | (669.5) | 43.9 | 93.5 | 502.9 | 109.3 | 0.7 | (233.2) | (794.3) | 212.0 | 242.4 | (59.5) | (264.9) | (153.3) | 160.1 | 327.1 | 120.9 | 71.5 | 51.5 | 30.9 | 23.8 | 12.0 | 6.7 | 7.5 | 2.3 | 5.5 | 5 | 2.8 | 1.3 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | -5.83 | -2.05 | -3.22 | 1.37 | 2.65 | -4.99 | 0.38 | 0.96 | 5.53 | 1.21 | 0.01 | -2.97 | -10.17 | 2.24 | 2.52 | -0.76 | -3.39 | -1.81 | 1.87 | 3.88 | 1.46 | 0.89 | 0.65 | 0.41 | 0.39 | 0.20 | 0.12 | 0.13 | 0.04 | 0.10 | 0.10 | 0.06 | 0.04 |
| EPS (Diluted) | -5.83 | -2.05 | -3.22 | 1.29 | 2.48 | -4.99 | 0.37 | 0.93 | 5.39 | 1.19 | 0.01 | -2.97 | -10.17 | 2.04 | 2.26 | -0.76 | -3.39 | -1.81 | 1.81 | 3.78 | 1.41 | 0.86 | 0.63 | 0.39 | 0.37 | 0.19 | 0.11 | 0.12 | 0.01 | 0.10 | 0.10 | 0.06 | 0.04 |
| Shares Outstanding | 144.6 | 152.1 | 152.1 | 161.2 | 158.7 | 134 | 115.7 | 97.1 | 90.9 | 82.9 | 80.0 | 78.4 | 78.1 | 76.3 | 78.0 | 78.1 | 78.1 | 84.5 | 85.6 | 84.3 | 82.8 | 80.3 | 79.2 | 75.3 | 61.3 | 60.0 | 58.5 | 60.1 | 61.3 | 56.1 | 51.3 | 50.9 | 36.4 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 686.6 | 706.6 | 1,071.8 | 1,624 | 1,863.9 | 1,853.8 | 437.4 | 479.6 | 278.0 | 229.5 | 237.0 | 208.7 | 293.0 | 260.5 | 238.4 | 246.4 | 713.1 | 746.3 | 174.4 | 168.5 | 132.6 | 87.6 | 107.0 | 55.1 | 38.4 | 23.3 | 9.4 | 6.8 | 21.9 | 5.6 | 7.5 | 5.5 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 254.2 | 256.8 | 319 | 246.4 | 195 | 96.4 | 88.7 | 106.8 | 62.8 | 61.9 | 45.2 | 41.6 | 52.5 | 53.7 | 56.5 | 44.5 | 80.2 | 43.6 | 56.4 | 153.8 | 98.8 | 40.8 | 25.7 | 19.4 | 19.4 | 10.3 | 4.8 | 3.8 | 2.3 | 4.3 | 1.6 | 1.3 | 0.9 |
| Inventory | 0 | 0 | 0 | 106.1 | 132.3 | 0 | 76.7 | 63.0 | 43.8 | 59.7 | 76.8 | 124.5 | 133.8 | 134.4 | 72.1 | 97.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 73.6 | 38.7 | 42.6 | (69.2) | (99.9) | 31.3 | (36.7) | 28.3 | 16.5 | 48.2 | 13.5 | 11.2 | 70.9 | 78.3 | 81.0 | 102.7 | 64.6 | 116.5 | 71.9 | 22.2 | 48.1 | 18.3 | 17.3 | 4.4 | 4.6 | 1.9 | 3.8 | 3.5 | 4.8 | 1.7 | 0.7 | 0.4 | 0.6 |
| Total Current Assets | 1,166.1 | 1,154.4 | 1,659 | 2,013.4 | 2,223.6 | 2,085 | 642.8 | 677.7 | 401.0 | 399.3 | 372.5 | 386.0 | 508.9 | 487.1 | 415.8 | 466.0 | 938.4 | 906.3 | 302.7 | 402.0 | 306.3 | 174.2 | 189.7 | 94.4 | 70.1 | 40.8 | 18 | 14.1 | 29 | 11.6 | 9.8 | 7.2 | 2.5 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 9,607.7 | 9,696.1 | 9,819.7 | 10,618.8 | 9,435.2 | 9,347 | 9,957.5 | 6,868.8 | 2,756.7 | 2,820.4 | 2,980.1 | 769.1 | 497.5 | 2,730.8 | 2,277.2 | 1,965.8 | 1,837.5 | 1,812.1 | 1,688.4 | 1,365.9 | 1,059.9 | 597.4 | 740.5 | 450.9 | 389.9 | 288.3 | 126.9 | 120.8 | 103.2 | 58.7 | 15.7 | 12.6 | 10.1 |
| Goodwill | 1,786.6 | 2,563.1 | 2,695.1 | 2,689.5 | 2,822.5 | 1,157.1 | 1,270.7 | 1,228.4 | 1,008.1 | 989.7 | 911.9 | 277.6 | 492.4 | 1,380.7 | 1,180.4 | 1,185.8 | 1,380.0 | 1,598.6 | 2,013.1 | 1,869.4 | 1,848.7 | 588.1 | 603.5 | 160.5 | 160.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,404.8 | 1,529.9 | 1,618.2 | 1,738.9 | 1,872.6 | 1,513.5 | 2,026.5 | 1,856.9 | 422.6 | 435.5 | 391.4 | 370.6 | 359.6 | 706.5 | 421.6 | 415.2 | 377.0 | 693.8 | 777.4 | 726.1 | 0 | 0 | 0 | 0 | 0 | 87.7 | 21.6 | 22.4 | 23.1 | 21.9 | 1.9 | 2 | 2 |
| Long-Term Investments | 79.4 | 86.2 | 84.9 | 248.6 | 255.1 | 266.8 | 128.3 | 128.5 | 148.9 | 156.2 | 168.1 | 179.6 | 193.3 | 204.5 | 174.1 | 64.1 | 26.3 | 14.4 | 16 | 16 | 17 | 0 | (17.3) | (4.4) | 14.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 223.9 | 232 | 187.3 | 159 | 74 | 171.6 | (75.9) | 120.2 | 106.6 | 46.6 | 206.8 | 174.5 | 61.2 | 94.7 | 105.0 | 340.9 | 129.8 | 143.4 | 150.3 | 112.5 | 975.5 | 283.7 | 75.9 | 59.6 | 40.3 | 23.0 | 24.1 | 3.5 | 3.6 | 4.5 | 0.1 | 0.1 | 3.8 |
| Total Non-Current Assets | 13,102.4 | 14,107.3 | 14,405.2 | 15,488.7 | 14,648.5 | 12,582.3 | 13,551.7 | 10,283.4 | 4,833.8 | 4,575.2 | 4,766.3 | 1,850.4 | 1,675.1 | 5,156.9 | 4,190.6 | 3,996.9 | 3,774.2 | 4,283.4 | 4,664.3 | 4,112.1 | 3,884.1 | 1,469.2 | 1,419.9 | 671.0 | 609.3 | 399.1 | 172.6 | 146.7 | 129.9 | 85.1 | 17.7 | 14.7 | 15.9 |
| Total Assets | 14,268.5 | 15,261.7 | 16,064.2 | 17,502.1 | 16,872.1 | 14,667.3 | 14,194.5 | 10,961.0 | 5,234.8 | 4,974.5 | 5,138.8 | 2,236.4 | 2,184.0 | 5,644.1 | 4,606.3 | 4,462.9 | 4,712.6 | 5,189.7 | 4,967.0 | 4,514.1 | 4,190.4 | 1,643.4 | 1,609.6 | 765.5 | 679.4 | 439.9 | 190.6 | 160.8 | 158.9 | 96.7 | 27.5 | 21.9 | 18.4 |
| Current Liabilities | |||||||||||||||||||||||||||||||||
| Account Payables | 54.2 | 50.8 | 36.6 | 40.1 | 53.3 | 33.2 | 40.3 | 30.5 | 26.0 | 35.1 | 72.8 | 43.1 | 22.6 | 38.3 | 39.6 | 17.3 | 19.9 | 35.5 | 28.6 | 37.9 | 32.3 | 13.6 | 10.8 | 19.4 | 19.0 | 18.4 | 10.2 | 6.2 | 7.4 | 5.1 | 1.4 | 1.4 | 1.6 |
| Short-Term Debt | 469.9 | 38.2 | 47.6 | 56.2 | 99.5 | 81.4 | 62.9 | 62.1 | 35.6 | 85.6 | 92.1 | 30.9 | 27.6 | 81.5 | 44.6 | 357.9 | 86.1 | 105.3 | 93.5 | 40.1 | 18.6 | 4.5 | 125.0 | 0.0 | 15.1 | 11.4 | 5.2 | 0.2 | 0.2 | 1.6 | 0.3 | 0.3 | 2.6 |
| Deferred Revenue | 0 | 181.1 | 0 | 165.1 | 189.1 | 126.3 | 484.2 | 465.4 | 320.1 | 260.9 | 256.9 | 272.1 | 241.6 | 307.2 | 272.2 | 257.9 | 276.4 | 242.3 | 274.4 | 222.4 | 205.5 | 97.5 | 112.6 | 57.4 | 47.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 951.4 | (36.7) | 382.2 | (32.2) | 11.9 | 11.1 | (75.1) | 374.8 | 236.1 | 266.8 | 243.6 | 279.7 | 229.7 | 72.6 | 251.2 | 242.9 | 258.7 | 274.3 | 317.7 | 277.5 | 235.8 | 132.3 | 66.1 | 16.1 | 10.6 | 19.5 | 10.0 | 5.8 | 6.2 | 5.4 | 4 | 3.5 | 2.8 |
| Total Current Liabilities | 1,475.5 | 1,415.1 | 1,490 | 1,158.7 | 1,133.2 | 860 | 905.6 | 738.4 | 530.0 | 536.3 | 557.8 | 435.5 | 361.5 | 499.6 | 426.3 | 691.5 | 430.3 | 470.5 | 493.9 | 415.7 | 341.3 | 178.1 | 287.0 | 93.0 | 92.1 | 49.3 | 25.4 | 12.2 | 13.8 | 12.1 | 5.7 | 5.2 | 7 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||
| Long-Term Debt | 7,907.6 | 2,732.5 | 2,718 | 2,721.3 | 2,637.3 | 2,231.2 | 2,322.2 | 2,350.1 | 4,697.2 | 4,787.4 | 5,132.9 | 1,185.4 | 1,017.4 | 2,649.1 | 1,998.6 | 1,813.2 | 2,248.7 | 2,324.9 | 2,881.5 | 2,789.4 | 2,767.7 | 854.4 | 984.5 | 375 | 443.8 | 297.9 | 86.1 | 78.1 | 80.1 | 46 | 0.1 | 0.3 | 7.8 |
| Deferred Tax Liabilities | 87.8 | 61 | 117.6 | 33.9 | 189.1 | 126.3 | 244.6 | 1,934.6 | 542.8 | 126.9 | 107.9 | 0 | 13.9 | 216.4 | 201.4 | 171.4 | 173.8 | 334.2 | 385.1 | 387.6 | 259.7 | 31.8 | 27.8 | 50.5 | 40.2 | 13.5 | 12.9 | 11.5 | 11.1 | 10.8 | 0.9 | 0.8 | 0.1 |
| Other Non-Current Liabilities | 2,970.1 | 135 | 85.7 | 71.7 | 129 | 119.4 | 98 | 60.7 | (3,401.8) | (3,263.4) | (3,495.9) | 97.9 | 99.8 | 28.1 | 42.2 | 45.8 | 54.5 | 71.4 | 79.4 | 0.2 | 275.2 | 181.0 | 0.4 | 0 | 0 | 0 | 0.8 | 0 | 0 | (0.1) | 0 | 0 | 0.1 |
| Total Non-Current Liabilities | 10,965.5 | 10,988.2 | 11,374.6 | 12,746.8 | 11,641.8 | 11,151.5 | 11,437 | 9,491.4 | 4,777.9 | 4,981.5 | 5,259.0 | 1,246.4 | 1,064.1 | 2,893.5 | 2,208.4 | 1,993.6 | 2,430.3 | 2,661.9 | 3,352.2 | 3,177.2 | 3,302.6 | 1,067.2 | 1,012.7 | 425.5 | 484.0 | 311.4 | 98.9 | 89.6 | 91.2 | 56.7 | 1 | 1.1 | 8 |
| Total Liabilities | 12,441 | 12,403.3 | 12,864.6 | 13,905.5 | 12,775 | 12,011.5 | 12,342.6 | 10,229.8 | 5,308.0 | 5,517.8 | 5,816.8 | 1,681.9 | 1,425.6 | 3,393.1 | 2,634.7 | 2,685.1 | 2,860.5 | 3,132.4 | 3,846.1 | 3,592.9 | 3,643.9 | 1,245.3 | 1,299.7 | 518.5 | 576.1 | 360.7 | 124.3 | 101.8 | 105 | 68.8 | 6.7 | 6.3 | 15 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||
| Common Stock | 1.8 | 1.8 | 1.8 | 1.7 | 1.7 | 1.6 | 1.2 | 1.2 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.8 | 0.8 | 0.4 | 0.4 | 0.2 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (1,490.1) | (647) | (335.5) | 154.5 | (86.5) | (507.3) | 161.6 | (967.9) | (1,051.8) | (1,525.3) | (1,634.6) | (363.4) | (130.3) | 795.2 | 583.2 | 337.9 | 397.4 | 662.4 | 815.7 | 667.6 | 340.5 | 219.5 | 148.1 | 96.6 | 65.7 | 42.0 | 30 | 23.2 | 15.7 | 13.4 | 7.9 | 2.9 | 3.4 |
| Accumulated Other Comprehensive Income | (193.3) | (255) | (121.3) | (168.6) | (54.4) | 0 | 0 | (2,378.4) | (1.5) | (4.7) | (4.6) | (1.3) | 0.4 | 3.0 | 2.3 | (7.9) | (26.0) | (48.7) | (16.0) | 3.2 | (0.8) | (0.5) | 1.4 | (1.7) | (3.8) | (31.6) | (20.8) | (15.7) | (11) | (8) | (6.7) | (5.9) | (5.3) |
| Total Stockholders' Equity | 1,834 | 2,862.7 | 3,202.1 | 3,597.7 | 4,097.8 | 2,656.2 | 1,852.7 | 731.2 | (73.1) | (543.3) | (678.0) | 554.5 | 758.4 | 2,250.9 | 1,971.6 | 1,777.8 | 1,852.6 | 2,057.3 | 1,121.0 | 921.2 | 546.5 | 398.1 | 309.9 | 247 | 103.3 | 79.2 | 66.3 | 59 | 53.9 | 27.9 | 20.8 | 15.6 | 3.4 |
| Total Liabilities & Equity | 14,268.5 | 15,261.7 | 16,064.2 | 17,502.1 | 16,872.1 | 14,667.3 | 14,194.5 | 10,961.0 | 5,234.8 | 4,974.5 | 5,138.8 | 2,236.4 | 2,184.0 | 5,644.1 | 4,606.3 | 4,462.9 | 4,712.6 | 5,189.7 | 4,967.0 | 4,514.1 | 4,190.4 | 1,643.4 | 1,609.6 | 765.5 | 679.4 | 439.9 | 190.6 | 160.8 | 158.9 | 96.7 | 27.5 | 21.9 | 18.4 |
| Debt Metrics | |||||||||||||||||||||||||||||||||
| Total Debt | 8,377.5 | 11,249.2 | 11,542.2 | 12,908.9 | 11,605.1 | 11,157.5 | 11,328.4 | 9,560.6 | 4,789.1 | 4,929.6 | 5,275.6 | 1,260.8 | 1,050.8 | 2,730.6 | 2,043.2 | 2,171.1 | 2,334.8 | 2,430.2 | 2,991.4 | 2,829.4 | 2,786.2 | 858.9 | 1,109.5 | 375.0 | 458.9 | 309.3 | 91.3 | 78.3 | 80.3 | 47.6 | 0.4 | 0.6 | 10.4 |
| Net Debt | 7,690.9 | 10,542.6 | 10,470.4 | 11,284.9 | 9,741.2 | 9,303.7 | 10,891 | 9,081.0 | 4,511.1 | 4,700.1 | 5,038.6 | 1,052.2 | 757.8 | 2,470.1 | 1,804.7 | 1,924.7 | 1,621.7 | 1,683.9 | 2,817.1 | 2,660.9 | 2,653.6 | 771.3 | 1,002.5 | 319.9 | 420.5 | 286.0 | 81.9 | 71.5 | 58.4 | 42 | (7.1) | (4.9) | 9.4 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||
| Net Income | (843.1) | (313.3) | (491.4) | 221.7 | 420.5 | (669.1) | 43.1 | 93.5 | 473.5 | 109.3 | 0.7 | (233.2) | (794.3) | 212.0 | 242.4 | (61.7) | (267.4) | (153.3) | 160.1 | 327.1 | 120.9 | 71.5 | 51.5 | 30.9 | 23.8 | 18.6 | 6.7 | 7.5 | 3.8 | 5.5 | 5 | 2.7 | 1.3 |
| Depreciation & Amortization | 446.9 | 433.6 | 435.1 | 567.5 | 344.5 | 366.7 | 414.2 | 269.0 | 267.1 | 271.2 | 259.5 | 179.0 | 298.3 | 245.3 | 211.5 | 212.4 | 194.4 | 185.3 | 160.9 | 135.3 | 78.2 | 71.3 | 73.3 | 39.7 | 34.5 | 13.6 | 8.7 | 5.7 | 4 | 1.4 | 0.9 | 0.7 | 0.6 |
| Stock-Based Compensation | 60.9 | 52.9 | 85.9 | 58.1 | 35.1 | 14.5 | 14.9 | 12.0 | 7.8 | 6.9 | 8.2 | 10.7 | 22.8 | 28.6 | 24.3 | 26.0 | 28.4 | 26.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (372.1) | (316.8) | (390.6) | (161.4) | (89.4) | (174.3) | (63.8) | (50.1) | 106.8 | (9.3) | 17.2 | (11.1) | (46.9) | (34.5) | 52.9 | 54.5 | (17.4) | (31.7) | 64.8 | (46.2) | (7.4) | 6.3 | (9.4) | 5.3 | 21.1 | 5.6 | 7.2 | (2.2) | 2 | 0.7 | 2.1 | 0.1 | 0.4 |
| Other Non-Cash Items | 1,193.2 | 561 | 849.6 | 343 | 189.9 | 919.3 | 274.4 | 55.0 | 121.8 | 18.0 | 56.2 | 346.9 | 1,185.9 | 10.8 | 14.8 | 264.2 | 546.6 | 484.5 | 25.5 | 42.6 | (12.6) | 28.2 | 7.9 | 14.5 | (0.5) | 9.5 | (1.1) | 0.1 | 2.5 | 0.1 | (2.1) | 0.1 | 0.2 |
| Operating Cash Flow | 508.2 | 359.3 | 455.9 | 878.2 | 896.1 | 338.8 | 703.9 | 352.8 | 459.1 | 404.8 | 399.0 | 220.0 | 440.8 | 507.2 | 567.4 | 493.2 | 338.2 | 420.5 | 431.2 | 281.8 | 150.5 | 195.5 | 154.9 | 100.9 | 85.8 | 42.1 | 22.5 | 11.9 | 10.7 | 7.9 | 5.9 | 4.1 | 2.6 |
| Investing Activities | |||||||||||||||||||||||||||||||||
| Capital Expenditure | (647.7) | (482.7) | (381.9) | (272.4) | (268.3) | (141.8) | (202.3) | (174.2) | (100.8) | (100.3) | (249.8) | (228.1) | (199.9) | (473.0) | (293.1) | (363.0) | (289.6) | (344.9) | (361.2) | (408.9) | (121.1) | (69.0) | (57.5) | (88.9) | (41.5) | (27.3) | (13.2) | (22.3) | (47.4) | (54.3) | (4) | (2.9) | (0.4) |
| Acquisitions | 0 | 0 | (357.5) | (15) | (921) | (8.4) | (398.7) | (1,264.7) | (129.8) | (86.9) | (402.1) | (120.0) | 4.2 | (745.5) | 8.9 | (281.6) | (21.9) | (0.4) | (265.5) | 0 | (2,251.4) | (1.0) | (264.1) | (7.1) | (182.7) | (203.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | (15) | (26) | (135) | (5.1) | 0 | (0.5) | 0 | (2.6) | 0 | 6.0 | 0 | (100.4) | (63.6) | 2.6 | (47.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 8 | 15 | 268.3 | 141.8 | 0 | 18.9 | 0 | 0 | 0 | 0 | 6.9 | 0 | 13.0 | 1.6 | 50.6 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 334.3 | (58.5) | (11.2) | 28.8 | (274.8) | (90.3) | (203.7) | 15.8 | 9.0 | 107.9 | (129.1) | (27.4) | (232.2) | 29.9 | 32.8 | (30.2) | (4.4) | 0.7 | 15.0 | 106.5 | 393.7 | 4.5 | 0.6 | (6.4) | 7.8 | 0.0 | (16.6) | 0 | (0.2) | (1.5) | 0 | 3.7 | (0.2) |
| Investing Cash Flow | (351.1) | (541.2) | (742.6) | (258.6) | (1,221.8) | (233.7) | (607.5) | (1,423.1) | (221.6) | (79.3) | (781.0) | (375.5) | (415.0) | (1,188.5) | (338.8) | (736.8) | (262.7) | (391.5) | (611.6) | (302.3) | (1,978.8) | (65.4) | (321.0) | (102.4) | (216.3) | (230.3) | (29.8) | (22.3) | (47.6) | (55.8) | (4) | 0.8 | (0.6) |
| Financing Activities | |||||||||||||||||||||||||||||||||
| Net Debt Issuance | 211.1 | (138.7) | (142.5) | (247.2) | 346.6 | (26.3) | (91.8) | 1,094 | (237.4) | (349.2) | 396.7 | (1.8) | 587.4 | 677.8 | (155.3) | (170.7) | (118.5) | (546.1) | 143.7 | 18.6 | 1,927.1 | (131.2) | 238.4 | (85.1) | 149.6 | 211.5 | 13.0 | (2.1) | 32.9 | 46.9 | (0.1) | (10.1) | (1.3) |
| Stock Repurchased | (354.4) | 0 | (149.8) | (601.1) | 0 | 0 | (24.9) | (50) | (24.8) | 0 | 0 | 0 | (649.5) | 0 | (105.2) | (47.1) | 0 | (152.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (2.4) | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 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 Financing Activities | (22.3) | (49.3) | 29.7 | (4.7) | (17.5) | 47.6 | (5.7) | 228.1 | 73.2 | 16.2 | 4.3 | 30.8 | (178.7) | 25.5 | 24.0 | (5.4) | 9.7 | (5.0) | 17.6 | 25.6 | (64.8) | (0.8) | (23.3) | (3.3) | (7.0) | (10.4) | (3.6) | (0.2) | (3.4) | (2.5) | 0 | (3.3) | (0.6) |
| Financing Cash Flow | (165.6) | (186.5) | (262.6) | (853) | 339.9 | 1,310.1 | (122.4) | 1,272.1 | (189.0) | (333.0) | 410.4 | 71.2 | 6.7 | 703.3 | (236.5) | (223.2) | (108.7) | 542.9 | 186.3 | 56.4 | 1,873.2 | (124.2) | 217.5 | 18.3 | 145.6 | 202.1 | 9.9 | (4.6) | 53.2 | 46 | 0.1 | (0.4) | (1.9) |
| Cash Position | |||||||||||||||||||||||||||||||||
| Net Change in Cash | (9) | (370.7) | (549.7) | (235.9) | 9.7 | 1,415.2 | (26) | 201.8 | 48.4 | (7.5) | 28.3 | (84.3) | 32.5 | 22.0 | (7.9) | (466.7) | (33.2) | 571.9 | 5.9 | 35.9 | 45 | 6.1 | 51.8 | 16.7 | 15.1 | 13.9 | 2.6 | (15) | 16.3 | (1.9) | 2 | 4.5 | 0.1 |
| Cash at Beginning | 722.6 | 1,094.5 | 1,644.2 | 1,880.1 | 1,870.4 | 455.2 | 481.2 | 279.4 | 229.5 | 237.0 | 208.7 | 293.0 | 260.5 | 238.4 | 246.4 | 713.1 | 746.3 | 174.4 | 168.5 | 132.6 | 87.6 | 81.6 | 55.1 | 38.4 | 23.3 | 9.4 | 6.8 | 21.9 | 5.6 | 7.5 | 5.5 | 1 | 0.9 |
| Cash at End | 713.6 | 723.8 | 1,094.5 | 1,644.2 | 1,880.1 | 1,870.4 | 455.2 | 481.2 | 278.0 | 229.5 | 237.0 | 208.7 | 293.0 | 260.5 | 238.4 | 246.4 | 713.1 | 746.3 | 174.4 | 168.5 | 132.6 | 87.6 | 107.0 | 55.1 | 38.4 | 23.3 | 9.4 | 6.9 | 21.9 | 5.6 | 7.5 | 5.5 | 1 |
| Free Cash Flow | (139.5) | (123.4) | 74 | 605.8 | 627.8 | 197 | 501.6 | 178.6 | 358.3 | 304.5 | 149.1 | (8.1) | 240.9 | 34.2 | 274.3 | 130.2 | 48.7 | 75.6 | 70.1 | (127.1) | 29.3 | 126.5 | 97.5 | 12.0 | 44.3 | 14.8 | 9.3 | (10.4) | (36.7) | (46.4) | 1.9 | 1.2 | 2.2 |
| 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 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 6,961 | 6,578.1 | 6,362.9 | 6,401.7 | 5,905 | 3,578.7 | 5,301.4 | 3,587.9 | 3,148.0 | 3,034.4 | 2,838.4 | 2,590.5 | 2,918.8 | 2,899.5 | 2,742.3 | 2,459.1 | 2,369.3 | 2,423.1 | 2,436.8 | 2,351.5 | 1,412.5 | 1,140.7 | 1,163.0 | 657.5 | 519.4 | 294.1 | 171.5 | 154.1 | 111.5 | 62.8 | 57.7 | 46 | 42.2 |
| Gross Profit | 1,905.5 | 2,163.6 | 2,362.1 | 2,770.1 | 2,757 | 1,710.7 | 2,346.9 | 1,540.0 | 1,335.1 | 1,276.5 | 1,216.8 | 1,121.8 | 1,254.9 | 1,212.9 | 1,121.5 | 994.2 | 941.4 | 995.6 | 1,034.2 | 1,044.7 | 557.3 | 459.2 | 454.7 | 252.5 | 204.8 | 104.2 | 79.8 | 68.4 | 43.8 | 24.6 | 21.8 | 16.2 | 14 |
| Operating Income | 272.1 | 72.5 | (690.2) | 974 | 1,059.6 | (410.2) | 571.9 | 634.1 | 475.1 | 543.0 | 467.8 | (240.4) | (772.0) | 442.6 | 499.6 | 153.2 | (194.6) | (86.4) | 497.8 | 577.8 | 243.5 | 213.8 | 183.2 | 102.1 | 77.7 | 45.9 | 21.2 | 19.6 | 12.2 | 9.2 | 8.2 | 4.7 | 2.4 |
| Net Income | (843.1) | (311.5) | (490) | 222.1 | 420.8 | (669.5) | 43.9 | 93.5 | 502.9 | 109.3 | 0.7 | (233.2) | (794.3) | 212.0 | 242.4 | (59.5) | (264.9) | (153.3) | 160.1 | 327.1 | 120.9 | 71.5 | 51.5 | 30.9 | 23.8 | 12.0 | 6.7 | 7.5 | 2.3 | 5.5 | 5 | 2.8 | 1.3 |
| EPS (Diluted) | -5.83 | -2.05 | -3.22 | 1.29 | 2.48 | -4.99 | 0.37 | 0.93 | 5.39 | 1.19 | 0.01 | -2.97 | -10.17 | 2.04 | 2.26 | -0.76 | -3.39 | -1.81 | 1.81 | 3.78 | 1.41 | 0.86 | 0.63 | 0.39 | 0.37 | 0.19 | 0.11 | 0.12 | 0.01 | 0.10 | 0.10 | 0.06 | 0.04 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 686.6 | 706.6 | 1,071.8 | 1,624 | 1,863.9 | 1,853.8 | 437.4 | 479.6 | 278.0 | 229.5 | 237.0 | 208.7 | 293.0 | 260.5 | 238.4 | 246.4 | 713.1 | 746.3 | 174.4 | 168.5 | 132.6 | 87.6 | 107.0 | 55.1 | 38.4 | 23.3 | 9.4 | 6.8 | 21.9 | 5.6 | 7.5 | 5.5 | 1 |
| Total Assets | 14,268.5 | 15,261.7 | 16,064.2 | 17,502.1 | 16,872.1 | 14,667.3 | 14,194.5 | 10,961.0 | 5,234.8 | 4,974.5 | 5,138.8 | 2,236.4 | 2,184.0 | 5,644.1 | 4,606.3 | 4,462.9 | 4,712.6 | 5,189.7 | 4,967.0 | 4,514.1 | 4,190.4 | 1,643.4 | 1,609.6 | 765.5 | 679.4 | 439.9 | 190.6 | 160.8 | 158.9 | 96.7 | 27.5 | 21.9 | 18.4 |
| Total Debt | 8,377.5 | 11,249.2 | 11,542.2 | 12,908.9 | 11,605.1 | 11,157.5 | 11,328.4 | 9,560.6 | 4,789.1 | 4,929.6 | 5,275.6 | 1,260.8 | 1,050.8 | 2,730.6 | 2,043.2 | 2,171.1 | 2,334.8 | 2,430.2 | 2,991.4 | 2,829.4 | 2,786.2 | 858.9 | 1,109.5 | 375.0 | 458.9 | 309.3 | 91.3 | 78.3 | 80.3 | 47.6 | 0.4 | 0.6 | 10.4 |
| Stockholders' Equity | 1,834 | 2,862.7 | 3,202.1 | 3,597.7 | 4,097.8 | 2,656.2 | 1,852.7 | 731.2 | (73.1) | (543.3) | (678.0) | 554.5 | 758.4 | 2,250.9 | 1,971.6 | 1,777.8 | 1,852.6 | 2,057.3 | 1,121.0 | 921.2 | 546.5 | 398.1 | 309.9 | 247 | 103.3 | 79.2 | 66.3 | 59 | 53.9 | 27.9 | 20.8 | 15.6 | 3.4 |
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 508.2 | 359.3 | 455.9 | 878.2 | 896.1 | 338.8 | 703.9 | 352.8 | 459.1 | 404.8 | 399.0 | 220.0 | 440.8 | 507.2 | 567.4 | 493.2 | 338.2 | 420.5 | 431.2 | 281.8 | 150.5 | 195.5 | 154.9 | 100.9 | 85.8 | 42.1 | 22.5 | 11.9 | 10.7 | 7.9 | 5.9 | 4.1 | 2.6 |
| Capital Expenditure | (647.7) | (482.7) | (381.9) | (272.4) | (268.3) | (141.8) | (202.3) | (174.2) | (100.8) | (100.3) | (249.8) | (228.1) | (199.9) | (473.0) | (293.1) | (363.0) | (289.6) | (344.9) | (361.2) | (408.9) | (121.1) | (69.0) | (57.5) | (88.9) | (41.5) | (27.3) | (13.2) | (22.3) | (47.4) | (54.3) | (4) | (2.9) | (0.4) |
| Free Cash Flow | (139.5) | (123.4) | 74 | 605.8 | 627.8 | 197 | 501.6 | 178.6 | 358.3 | 304.5 | 149.1 | (8.1) | 240.9 | 34.2 | 274.3 | 130.2 | 48.7 | 75.6 | 70.1 | (127.1) | 29.3 | 126.5 | 97.5 | 12.0 | 44.3 | 14.8 | 9.3 | (10.4) | (36.7) | (46.4) | 1.9 | 1.2 | 2.2 |