RWT - Redwood Trust, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$5.75
DETAILS
HIGH:
$6.00
LOW:
$5.50
MEDIAN:
$5.75
CONSENSUS:
$5.75
UPSIDE:
12.97%
| 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 | 1,107.0 | 242.5 | 158.6 | (22.1) | 539.6 | (318.0) | 327.2 | 216.2 | 239.2 | 259.5 | 214.3 | 213.2 | 270.8 | 178.7 | 89.1 | 189.3 | 131.4 | 161 | 216.6 | 901.6 | 1,027.2 | 721.2 | 183.4 | 79.9 | 48.0 | 31.5 | 28.3 | 23.3 | 35.2 | 16.9 | 4.8 | 0.5 |
| Cost of Revenue | 48.4 | 33.6 | 21.7 | 19.7 | 22.0 | 12.7 | 9.9 | 7.5 | 0 | 14.8 | 11.9 | 9.8 | 10.1 | 9.8 | 0 | 0 | 0 | 1.2 | 0 | 1.2 | 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 1,058.6 | 208.9 | 136.9 | (41.8) | 517.6 | (330.8) | 317.2 | 208.7 | 239.2 | 244.7 | 202.3 | 203.5 | 260.7 | 168.9 | 89.1 | 189.3 | 131.4 | 161 | 216.6 | 206.0 | 262.8 | 721.2 | 183.4 | 76.6 | 48.0 | 31.5 | 28.3 | 23.3 | 35.2 | 16.9 | 4.8 | 0.5 |
| 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 | 153.9 | 134.4 | 126.3 | 133.9 | 161.4 | 108.7 | 105.7 | 75.3 | 77.2 | 60.3 | 80.4 | 76.3 | 69.1 | 51.5 | 43.6 | 49.8 | 0 | 0 | 0 | 0 | 0 | 34.7 | 36.9 | 18.4 | 11.8 | 7.8 | 3.8 | 10.6 | 4.7 | 2.6 | 1.1 | 0.1 |
| Other Expenses | (150.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45.6 | 139.5 | 116 | (333.5) | 710 | 206.0 | 270.8 | 251.9 | 146.5 | 61.5 | 36.2 | 22.9 | 23.2 | 12.7 | 29.9 | 14.3 | 3.7 | 0.4 |
| Operating Expenses | 3.2 | 134.4 | 126.3 | 133.9 | 161.4 | 108.7 | 105.7 | 75.3 | 77.2 | 60.3 | 80.4 | 76.3 | 76.5 | 35.9 | 89.1 | 189.3 | 116 | (333.5) | 710 | 206.0 | 270.8 | 286.6 | 183.4 | 79.9 | 48.0 | 30.8 | 27.0 | 23.3 | 34.6 | 16.9 | 4.8 | 0.5 |
| Operating Income | ||||||||||||||||||||||||||||||||
| Operating Income | 1,055.4 | 74.5 | 10.6 | (175.7) | 356.2 | (439.4) | 211.5 | 133.4 | 162.0 | 184.4 | 121.9 | 127.2 | 200.2 | 111.3 | 34.7 | 120.8 | 83.2 | (82.3) | (451.7) | 137.5 | 217.4 | 240.6 | 137.9 | 148.3 | 131.0 | 157.5 | 121 | 162.2 | 191.6 | 63.1 | 0 | 0 |
| Interest Expense | 1,100.2 | 842.6 | 631.5 | 552 | 427 | 448 | 480 | 239 | 109 | 88.5 | 95.9 | 87 | 81 | 120.8 | 99.0 | 84.7 | 132.0 | 416 | 658.2 | 701.7 | 757.5 | 431.9 | 202.9 | 91.7 | 98.1 | 138.6 | 119.3 | 199.6 | 164 | 50.4 | 10.9 | 0.8 |
| Interest Income | 1,182.9 | 945.2 | 724.5 | 708 | 575 | 572 | 622.3 | 379 | 248 | 246 | 259.4 | 242 | 226 | 231.4 | 217.2 | 230.1 | 287.9 | 568 | 868.3 | 885.2 | 959.5 | 651.6 | 339.6 | 166.5 | 144.5 | 170.0 | 146.0 | 222.8 | 198.6 | 67.3 | 15.7 | 1.3 |
| Profitability | ||||||||||||||||||||||||||||||||
| EBITDA | 1,065.5 | 11.9 | 14.9 | 398.9 | 800.7 | (30.8) | 675.1 | 371.1 | 263.2 | 235.3 | 188.6 | 187.9 | 261.2 | 137.1 | 0 | 121.7 | 84.5 | 0 | (1,100.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | 1,055.4 | 72.8 | (0.6) | 369.0 | (16.8) | (17.4) | (10.1) | 369.8 | 261.9 | 234.2 | 187.8 | 187.4 | 260.8 | 135.2 | (1.7) | 120.8 | 83.2 | (1.2) | (3.2) | 60.5 | 74.6 | 87.0 | 12.4 | (10.0) | (11.2) | (4.2) | (6.8) | (32) | (27.1) | (6) | (0.1) | 0.1 |
| Income Before Tax | (44.8) | 72.8 | (0.6) | (183.4) | 338.1 | (586.5) | 176.6 | 130.7 | 152.2 | 135.0 | 91.7 | 101.3 | 184.2 | 133.1 | 25.2 | 111.5 | 34.8 | (449.5) | (1,103.4) | 137.5 | 217.4 | 240.6 | 137.9 | 56.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Tax Expense | 25.2 | 18.8 | 1.6 | (19.9) | 18.5 | (4.6) | 7.4 | 11.1 | 11.8 | 3.7 | (10.3) | 0.7 | 10.9 | 1.3 | 0.0 | 0.3 | (4.3) | (3.2) | 5.2 | 10.0 | 17.5 | 8.0 | 5.5 | 0 | 98.1 | 138.6 | 119.3 | 199.6 | 164 | 50.4 | 10.9 | 0.8 |
| Net Income | (70.0) | 54.0 | (2.3) | (163.5) | 319.6 | (581.8) | 169.2 | 119.6 | 140.4 | 131.3 | 102.1 | 100.6 | 168.3 | 127.9 | 26.3 | 110.1 | 39.2 | (444.4) | (1,108.6) | 127.5 | 199.9 | 232.6 | 132.4 | 56.6 | 32.9 | 18.9 | 1.7 | (37.4) | 27.6 | 12.7 | 3.2 | 0.4 |
| Per Share Data | ||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.59 | 0.32 | -0.11 | -1.43 | 2.73 | -5.19 | 1.46 | 1.41 | 1.83 | 1.66 | 1.20 | 1.18 | 2.05 | 1.61 | 0.31 | 1.37 | 0.56 | -13.45 | -39.70 | 4.96 | 8.11 | 10.85 | 7.42 | 3.52 | 2.97 | 1.84 | -0.10 | -3.04 | 1.86 | 1.45 | 0.95 | 0.20 |
| EPS (Diluted) | -0.63 | 0.32 | -0.11 | -1.43 | 2.37 | -5.11 | 1.46 | 1.09 | 1.60 | 1.54 | 1.18 | 1.15 | 1.94 | 1.59 | 0.31 | 1.36 | 0.55 | -13.46 | -39.70 | 4.85 | 7.96 | 10.47 | 7.04 | 3.41 | 2.88 | 1.82 | -0.10 | -3.04 | 1.81 | 1.32 | 0.85 | 0.20 |
| Shares Outstanding | 130.3 | 132.1 | 116.3 | 117.2 | 113.2 | 113.9 | 115.6 | 88.9 | 87.6 | 76.7 | 82.9 | 82.8 | 82.0 | 79.5 | 78.2 | 77.8 | 68.5 | 33.0 | 27.9 | 25.7 | 24.6 | 21.4 | 17.8 | 15.2 | 10.2 | 8.8 | 9.8 | 13.2 | 13.3 | 8.0 | 5.5 | 0.2 |
| 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 | 255.7 | 245.2 | 293.1 | 258.9 | 450.5 | 461.3 | 197 | 176 | 145 | 213 | 220.2 | 270 | 173 | 81.1 | 267.2 | 46.9 | 242.8 | 126 | 290.4 | 168.0 | 175.9 | 57.2 | 58.5 | 39.2 | 9.0 | 15.5 | 19.9 | 55.6 | 24.9 | 11 | 4.8 | 1 |
| Short-Term Investments | 423.0 | 211.5 | 87.4 | 132.1 | 206.8 | 218.5 | 239.3 | 0.0 | (0.3) | (0.2) | 0 | 4.7 | 0.2 | 0 | 0 | 0 | 0 | 232.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 131.0 | 213.9 | 169.8 | 114.7 | 137.6 | 87.4 | 304.2 | 154.8 | 113.2 | 88.4 | 110.4 | 84.7 | 44.6 | 80.8 | 94.3 | 13.8 | 18.2 | 31.4 | 45.6 | 70.8 | 76.5 | 146.7 | 97.1 | 20.3 | 21.6 | 23.8 | 13.7 | 18.9 | 23.1 | 15.5 | 3.3 | 0.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 8.4 | 0 | 3.9 | 3.4 | 5.5 | 4.9 | (128.0) | (132.3) | (36.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 193.4 | (670.6) | (550.3) | (505.8) | (794.9) | 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 | 1,003.1 | 0 | 0 | 0 | 0 | 0 | 740.5 | 175.8 | 144.7 | 212.8 | 5.6 | 0.3 | 0.2 | 81.1 | 0.3 | 0.0 | 0.2 | 0.1 | 0.3 | 168.0 | 175.9 | 203.9 | 58.5 | 39.2 | 30.6 | 39.3 | 33.6 | 74.5 | 48 | 26.5 | 8.1 | 1.7 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 15.9 | 14.2 | 20.4 | 28.8 | 27.8 | 19.2 | 16.8 | 5.1 | 2.6 | 2.8 | 4.1 | 3.0 | 1.2 | 0.5 | 0 | 0 | 0 | 0 | 0 | 4.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 23.4 | 23.4 | 23.4 | 23.4 | 0 | 0 | 88.7 | 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 |
| Intangible Assets | 10.6 | 19.0 | 28.5 | 40.9 | 41.6 | 56.9 | 72.8 | 60.3 | 64 | 119 | 192.0 | 139 | 65 | 5.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 22,392.1 | 781.0 | 471.7 | 631.4 | 826.6 | 348 | 1,458 | 1,891 | 1,477 | 1,018 | 1,233.3 | 1,379 | 1,683 | 1,108.8 | 981.8 | 1,154.8 | 1,108.1 | 573 | 2,200.7 | 3,232.8 | 2,418.9 | 1,956.2 | 1,223.4 | 688.2 | 874.3 | 845.5 | 974.4 | 1,313.4 | 1,814.8 | 0 | 0 | 0 |
| Other Non-Current Assets | 243.7 | (837.6) | (543.9) | (724.5) | (896.0) | 254.3 | (17,995.4) | 8,365.9 | (1,474.6) | (1,128.1) | (1,418.8) | 2,730.3 | 990.1 | 2,127.3 | (1,135.3) | (1,124.6) | (1,108.1) | (573) | (2,200.7) | (3,237.2) | (2,418.9) | (1,956.2) | (1,223.4) | (688.2) | (874.3) | (845.5) | (974.4) | (1,313.4) | (1,814.8) | 0 | 0 | 0 |
| Total Non-Current Assets | 22,698.0 | 0 | 0 | 0 | 0 | 424.1 | 1,636.2 | 10,262.0 | 68.2 | 11.6 | 10.6 | 4,251.8 | 2,739.0 | 3,241.8 | (153.5) | 33.7 | 4.8 | 3.6 | 8.9 | 5.1 | 5.4 | 1,956.2 | 1,223.4 | 688.2 | 874.3 | 845.5 | 974.4 | 1,313.4 | 1,814.8 | 0 | 0 | 0 |
| Total Assets | 23,701.1 | 18,258.3 | 14,504.3 | 13,030.9 | 14,706.9 | 10,355.1 | 17,995 | 11,937 | 7,040 | 5,483 | 6,231.0 | 5,919 | 4,609 | 4,444.1 | 5,743.3 | 5,143.7 | 5,252.6 | 5,582 | 9,938.5 | 13,030.5 | 16,777.0 | 24,778.1 | 17,626.8 | 7,007.8 | 2,435.6 | 2,082.1 | 2,419.9 | 2,832.4 | 3,444.2 | 2,184.2 | 441.6 | 121.5 |
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Account Payables | 91.5 | 77.8 | 57.7 | 50.8 | 47.6 | 34.9 | 66.1 | 42.5 | 18.4 | 10.8 | 13.7 | 10.6 | 6.4 | 4.6 | 8.1 | 5.9 | 6.0 | 29.4 | 53.8 | 50.6 | 41.0 | 35.1 | 16.6 | 5.3 | 2.6 | 5.7 | 5.5 | 10.8 | 14.5 | 14.1 | 1.3 | 0 |
| Short-Term Debt | 3,278.8 | 1,750.1 | 1,351.0 | 1,904.8 | 2,102.5 | 444.8 | 2,329 | 1,411.4 | 1,289.9 | 791.5 | 1,855.0 | 1,793.8 | 862.8 | 551.9 | 428.1 | 44.1 | 0 | 0 | 7.6 | 1,856.2 | 169.7 | 203.3 | 236.4 | 99.7 | 796.8 | 756.2 | 1,253.6 | 1,257.6 | 1,914.5 | 1,953.1 | 346.3 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (988.6) | (649.1) | (306.5) | 0 | (0.2) | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | (1,984.0) | (1,497.3) | (2,012.2) | (2,221.5) | 18.7 | (2,419.6) | 1,059.4 | 711.8 | 85.2 | 80.3 | 77.6 | 40.3 | 71.2 | (16.2) | (83.9) | (97.2) | (74.6) | (96.1) | (1,976.1) | (269.4) | (254.5) | (45.5) | (18.2) | 6.3 | 3.6 | 3 | 2.9 | 2.3 | 0.5 | (347.6) | (0.8) |
| Total Current Liabilities | 3,552.3 | 0 | 0 | 0 | 0 | 629.5 | 2,389.7 | 2,606.4 | 2,087.9 | 939.9 | 1,996.6 | 1,923.1 | 944 | 635 | 572 | 178 | 198 | 275 | 178 | 1,949 | 257 | 284 | 290 | 138 | 814 | 770 | 1,265 | 1,272 | 1,937 | 1,973 | 347.6 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | 18,873.7 | 14,633.8 | 11,478.5 | 9,581.4 | 10,755.7 | 8,387.5 | 13,330.1 | 7,982.2 | 3,739.6 | 3,394.1 | 3,077.2 | 2,739.7 | 2,419.4 | 2,669.4 | 4,278.9 | 3,901.1 | 4,082.5 | 5,005.1 | 10,479.3 | 10,079.2 | 15,585.3 | 23,630.2 | 16,826.2 | 6,397.0 | 1,313.7 | 1,095.8 | 945.3 | 1,305.6 | 1,172.8 | 0 | 24 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 5.2 | 9.0 | 11.8 | 0.9 | 0 | 10.2 | 7.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 249.8 | (14,649.9) | (11,493.2) | (9,600.0) | (10,776.6) | 71.8 | 71.4 | (7,991.3) | (3,751.4) | (3,395.0) | (3,077.2) | (2,749.9) | 73.2 | (2,669.4) | (4,278.9) | (3,901.1) | (4,082.5) | (5,005.1) | (10,479.3) | (10,079.2) | (15,585.3) | (23,630.2) | 10.8 | (6,397.0) | (1,313.7) | (1,095.8) | (0.3) | (1,305.6) | (1,172.8) | 0 | (24) | 0 |
| Total Non-Current Liabilities | 19,166.2 | 0 | 0 | 0 | 0 | 8,526 | 13,473.2 | 7,982.2 | 3,739.6 | 3,394.1 | 3,077.2 | 2,739.7 | 2,419 | 2,669 | 4,279 | 3,901 | 4,083 | 5,005 | 10,479 | 10,079 | 15,585 | 23,630 | 16,783 | 6,397 | 1,314 | 1,096 | 945 | 1,306 | 1,173 | 0 | 24 | 0 |
| Total Liabilities | 22,718.5 | 17,070.5 | 13,301.6 | 11,946.9 | 13,320.9 | 9,244.2 | 16,168 | 10,588 | 5,828 | 4,334 | 5,084.8 | 4,663 | 3,363 | 3,303.9 | 4,850.7 | 4,068.1 | 4,263.6 | 5,257 | 10,656.8 | 12,027.8 | 15,842 | 23,913.9 | 17,073.4 | 6,534.7 | 2,127.9 | 1,866.5 | 2,210 | 2,577.6 | 3,109.7 | 1,973.2 | 373.3 | 101.2 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Common Stock | 1.2 | 1.3 | 1.3 | 1.1 | 1.1 | 1.1 | 1.1 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (1,517.4) | 1,191.4 | 1,144.4 | 1,153.4 | 1,316.9 | (1,150.9) | (485.0) | (524.8) | (547.6) | (599.7) | (642.5) | (659.4) | (664.7) | (743.5) | (793.0) | (738.2) | (768.3) | (791.0) | (299.6) | 809.0 | 681.5 | 481.6 | (46.9) | 116.6 | 60.0 | 27.1 | (55.5) | (50.9) | (6.8) | (2.7) | (0.2) | 0 |
| Accumulated Other Comprehensive Income | (31.7) | (43.1) | (58.0) | (68.9) | (8.9) | (4.2) | 41.5 | 61.3 | 85.2 | 71.9 | 92.0 | 140.7 | 148.8 | 138.3 | (13.2) | 112.3 | 64.9 | (56.9) | (1,527.1) | (710.4) | (571.1) | (390.9) | 82.2 | (88.9) | (107.5) | (80.5) | (3.3) | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 982.6 | 1,187.9 | 1,202.7 | 1,084.0 | 1,386.1 | 1,110.9 | 1,827 | 1,349 | 1,212 | 1,149 | 1,146.3 | 1,256 | 1,246 | 1,140.2 | 892.6 | 1,064.8 | 971.7 | 302 | (718.3) | 1,002.7 | 935.0 | 864.2 | 553.3 | 473.0 | 307.8 | 215.7 | 209.9 | 254.8 | 334.5 | 211 | 68.3 | 20.3 |
| Total Liabilities & Equity | 23,701.1 | 18,258.3 | 14,504.3 | 13,030.9 | 14,706.9 | 10,355.1 | 17,995 | 11,937 | 7,040 | 5,483 | 6,231.0 | 5,919 | 4,609 | 4,444.1 | 5,743.3 | 5,143.7 | 5,252.6 | 5,582 | 9,938.5 | 13,030.5 | 16,777.0 | 24,778.1 | 17,626.8 | 7,007.8 | 2,435.6 | 2,082.1 | 2,419.9 | 2,832.4 | 3,444.2 | 2,184.2 | 441.6 | 121.5 |
| Debt Metrics | ||||||||||||||||||||||||||||||||
| Total Debt | 22,163.2 | 16,394.9 | 12,844.3 | 11,504.7 | 12,879.2 | 8,849.0 | 15,797 | 10,382 | 5,679 | 4,186 | 4,943.1 | 4,534 | 3,282 | 3,221.4 | 4,706.9 | 3,945.2 | 4,082.5 | 5,005 | 10,486.8 | 11,935.4 | 15,755.0 | 23,833.4 | 17,019.0 | 6,496.7 | 2,110.5 | 1,852.1 | 2,198.9 | 2,563.2 | 3,087.3 | 1,953.1 | 370.3 | 0 |
| Net Debt | 21,907.5 | 16,149.7 | 12,551.2 | 11,245.8 | 12,428.7 | 8,387.7 | 15,600 | 10,206 | 5,534 | 3,973 | 4,722.9 | 4,264 | 3,109 | 3,140.3 | 4,439.7 | 3,898.3 | 3,839.7 | 4,879 | 10,196.5 | 11,767.4 | 15,579.1 | 23,776.2 | 16,960.6 | 6,457.6 | 2,101.5 | 1,836.6 | 2,179 | 2,507.6 | 3,062.4 | 1,942.1 | 365.5 | (1) |
| 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 | (70.0) | 54.0 | (2.3) | (163.5) | 319.6 | (581.8) | 169.2 | 119.6 | 140.4 | 131.3 | 102.1 | 100.6 | 173.2 | 131.8 | 26.3 | 110.1 | 39.2 | (444.4) | (1,108.6) | 127.5 | 199.9 | 232.6 | 132.4 | 56.6 | 32.9 | 18.9 | 1.7 | (27.3) | 27.6 | 12.7 | 3.2 | 0.4 |
| Depreciation & Amortization | 10.1 | 11.9 | 14.9 | 15.9 | 16.8 | 17.4 | 10.1 | 1.3 | 1.2 | 1.1 | 0.8 | 0.5 | 0.4 | 1.9 | 1.7 | 0.9 | 1.3 | 1.2 | (60.2) | (60.5) | (74.6) | (87.0) | (12.4) | 10.0 | 11.2 | 4.2 | 6.8 | 32 | 27.1 | 6 | 0.1 | (0.1) |
| Stock-Based Compensation | 17.2 | 20.7 | 19.1 | 23.9 | 18.9 | 15.3 | 15.0 | 13.7 | 10.4 | 12.6 | 11.8 | 11.3 | 13.5 | 9.8 | 9.1 | 11.5 | 6.2 | 12.6 | 14.5 | 4.3 | 4.3 | 0 | 0.5 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 85.5 | (16.5) | (51.5) | (36.6) | (22.9) | 232.9 | (78.7) | (20.8) | (22.4) | 46.2 | (82.2) | (60.5) | 41.3 | 45.3 | (32.7) | (37.0) | 94.9 | 42.0 | (70.0) | (2.2) | 6.9 | 1.9 | (12.1) | 10.2 | 2.5 | (4.7) | (0.2) | 2.4 | (7.2) | (1,973) | (2) | (0.4) |
| Other Non-Cash Items | (10,137.3) | (5,932.7) | (1,996.0) | 21.1 | (6,027.0) | (189.2) | (1,186.2) | (1,736.0) | (1,801.2) | (668.0) | (1,152.5) | (1,761.2) | (438.0) | (531.4) | 9.9 | (56.9) | 69.8 | 528.3 | 1,261.5 | (0.1) | (46.2) | 18.0 | 8.0 | (1,129.1) | (418.6) | 565.7 | 69.7 | 1,149.8 | 2.3 | 1,974.8 | 0.3 | 0 |
| Operating Cash Flow | (10,094.5) | (5,862.5) | (2,015.8) | (139.1) | (5,694.6) | (505.5) | (1,165.6) | (1,611.7) | (1,713.2) | (545.7) | (1,250.2) | (1,791.1) | (221.8) | (450.2) | 17.8 | 29.9 | 210.1 | 145.0 | 33.8 | 69.0 | 95.4 | 95.8 | 69.2 | (1,057.4) | (372.0) | 584.1 | 78 | 1,156.9 | 49.8 | 20.5 | 1.6 | (0.1) |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 1,260.8 | (25.5) | (0.6) | (15.3) | (32.4) | (46.1) | (3.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | (40.6) | 0 | 0 | (451.6) | 25.5 | 0.6 | 15.3 | 32.4 | 46.1 | 3.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (257.3) | (236.9) | (117.9) | (263.2) | (398.8) | (292.0) | (711.2) | (1,340.4) | (600.9) | (318.3) | (179.3) | (168.7) | (488.6) | (507.7) | (1,088.6) | (278.8) | (752.8) | (316.7) | (1,327.0) | (1,322.3) | (995.3) | (879.7) | (714.6) | (386.4) | (313.8) | (465.5) | (17.7) | (1,827.8) | (979) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 701.7 | 61.3 | 243.8 | 177.8 | 184.7 | 937.4 | 995.5 | 761.5 | 306.2 | 577.2 | 578.1 | 679.0 | 384.5 | 425.0 | 663.5 | 545.4 | 460.5 | 260.6 | 715.1 | 606.7 | 10,714.6 | 4,000.4 | 275.3 | 241.0 | 43.6 | 231.0 | 311.3 | 1,297.4 | 772.4 | 0 | 0 | 0 |
| Other Investing Activities | 4,087.7 | 2,714.0 | 782.9 | 339.9 | 1,618.1 | 3,425.1 | (67.7) | 566.2 | 581.5 | 1,074.7 | 464.4 | 230.2 | 455.4 | 806.0 | 9.5 | (151.4) | 352.7 | 1,226.1 | 2,065.6 | 4,487.7 | (1,601.6) | (10,102.8) | (10,067.3) | (3,198.5) | 336.3 | 7.1 | (2.4) | (17) | (1,066.2) | (1,728.9) | (316.8) | (121.9) |
| Investing Cash Flow | 4,532.0 | 2,538.4 | 908.7 | 213.9 | 1,404.1 | 4,070.4 | 1,025.9 | (12.8) | 286.9 | 1,333.7 | 863.2 | 740.6 | 351.3 | 723.3 | (415.6) | 115.2 | 60.4 | 1,170.1 | 1,453.8 | 3,772.1 | 8,117.6 | (6,982.1) | (10,506.6) | (3,343.9) | 66.2 | (227.4) | 291.2 | (547.4) | (1,272.8) | (1,728.9) | (316.8) | (121.9) |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Net Debt Issuance | 5,862.1 | 3,391.3 | 1,064.1 | (148.4) | 4,346.6 | (3,116.6) | (81.2) | 1,663.4 | 1,466.2 | (671.7) | 519.4 | 1,250.8 | 63.4 | (385.5) | 779.3 | (209.1) | (524.2) | (1,413.4) | (1,388.6) | (3,742.5) | (7,972.7) | 6,859.2 | 10,550.7 | 4,402.5 | 239.6 | (346.9) | (363.5) | (524.4) | 1,133.8 | 1,582.8 | 270 | 0 |
| Stock Repurchased | (51.8) | 0 | 0 | (56.5) | 0 | (21.7) | 0 | (16.3) | (8.4) | (28.1) | (85.8) | 0 | 0 | 0 | (7.0) | 0 | (0.0) | (6.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (106.0) | (99.9) | (93.6) | (111.7) | (91.7) | (84.0) | (129.5) | (96.8) | (88.3) | (88.5) | (94.9) | (95.3) | (94.4) | (82.3) | (100.7) | (79.9) | (81.8) | (102.9) | (144.2) | (157.6) | (147.3) | (196.6) | (138.3) | (43.2) | (26.0) | (14.5) | (4.1) | (8.9) | (31.2) | (11.4) | (2.1) | (0.2) |
| Other Financing Activities | (6.0) | (23.6) | (15.4) | (28.4) | 4.7 | (94.9) | (14.6) | (10.1) | (11.7) | (7.5) | (8.5) | (17.9) | (15.1) | (30.5) | (62.8) | (56.0) | (67.4) | 8.7 | (22.4) | (13.8) | (21.3) | (25.5) | (22.4) | (17.7) | 0 | (0.7) | 0.0 | (2.8) | (0.1) | (0.5) | (4.6) | 123.2 |
| Financing Cash Flow | 5,698.7 | 3,268.3 | 1,146.5 | (276.9) | 4,277.5 | (3,311.3) | 225.5 | 1,682.8 | 1,358.1 | (795.4) | 337.5 | 1,147.1 | (37.4) | (459.2) | 618.0 | (341.0) | (154.2) | (1,479.0) | (1,365.3) | (3,848.9) | (8,094.4) | 6,885.0 | 10,456.7 | 4,431.5 | 299.3 | (361.0) | (404.9) | (578.7) | 1,236.8 | 1,714.6 | 319 | 123 |
| Cash Position | ||||||||||||||||||||||||||||||||
| Net Change in Cash | 136.2 | (55.9) | 39.4 | (202.1) | (13.0) | 253.6 | 85.8 | 58.3 | (68.2) | (7.4) | (49.5) | 96.5 | 92.1 | (186.1) | 220.2 | (195.9) | 116.3 | (163.9) | 122.3 | (7.9) | 118.6 | (1.2) | 19.3 | 30.1 | (6.5) | (4.4) | (35.7) | (578.7) | 1,236.8 | 1,714.6 | 319 | 123 |
| Cash at Beginning | 312.9 | 368.8 | 329.4 | 531.5 | 544.5 | 290.8 | 205.1 | 146.8 | 212.8 | 220.2 | 269.7 | 173.2 | 81.1 | 267.2 | 46.9 | 242.8 | 126.5 | 290.4 | 168.0 | 175.9 | 57.2 | 58.5 | 39.2 | 9.0 | 15.5 | 19.9 | 55.6 | 24.9 | 11.1 | 4.8 | 1 | 0 |
| Cash at End | 449.1 | 312.9 | 368.8 | 329.4 | 531.5 | 544.5 | 290.8 | 205.1 | 144.7 | 212.8 | 220.2 | 269.7 | 173.2 | 81.1 | 267.2 | 46.9 | 242.8 | 126.5 | 290.4 | 168.0 | 175.9 | 57.2 | 58.5 | 39.2 | 9.0 | 15.5 | 19.9 | (553.8) | 1,247.9 | 1,719.4 | 320 | 123 |
| Free Cash Flow | (10,094.5) | (5,862.5) | (2,015.8) | (139.1) | (5,694.6) | (505.5) | 95.2 | (1,637.2) | (1,713.8) | (561.0) | (1,282.6) | (1,837.2) | (224.9) | (450.2) | 17.8 | 29.9 | 210.1 | 145.0 | 33.8 | 69.0 | 95.4 | 95.8 | 69.2 | (1,057.4) | (372.0) | 584.1 | 78 | 1,156.9 | 49.8 | 20.5 | 1.6 | (0.1) |
| 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 | 1,107.0 | 242.5 | 158.6 | (22.1) | 539.6 | (318.0) | 327.2 | 216.2 | 239.2 | 259.5 | 214.3 | 213.2 | 270.8 | 178.7 | 89.1 | 189.3 | 131.4 | 161 | 216.6 | 901.6 | 1,027.2 | 721.2 | 183.4 | 79.9 | 48.0 | 31.5 | 28.3 | 23.3 | 35.2 | 16.9 | 4.8 | 0.5 |
| Gross Profit | 1,058.6 | 208.9 | 136.9 | (41.8) | 517.6 | (330.8) | 317.2 | 208.7 | 239.2 | 244.7 | 202.3 | 203.5 | 260.7 | 168.9 | 89.1 | 189.3 | 131.4 | 161 | 216.6 | 206.0 | 262.8 | 721.2 | 183.4 | 76.6 | 48.0 | 31.5 | 28.3 | 23.3 | 35.2 | 16.9 | 4.8 | 0.5 |
| Operating Income | 1,055.4 | 74.5 | 10.6 | (175.7) | 356.2 | (439.4) | 211.5 | 133.4 | 162.0 | 184.4 | 121.9 | 127.2 | 200.2 | 111.3 | 34.7 | 120.8 | 83.2 | (82.3) | (451.7) | 137.5 | 217.4 | 240.6 | 137.9 | 148.3 | 131.0 | 157.5 | 121 | 162.2 | 191.6 | 63.1 | 0 | 0 |
| Net Income | (70.0) | 54.0 | (2.3) | (163.5) | 319.6 | (581.8) | 169.2 | 119.6 | 140.4 | 131.3 | 102.1 | 100.6 | 168.3 | 127.9 | 26.3 | 110.1 | 39.2 | (444.4) | (1,108.6) | 127.5 | 199.9 | 232.6 | 132.4 | 56.6 | 32.9 | 18.9 | 1.7 | (37.4) | 27.6 | 12.7 | 3.2 | 0.4 |
| EPS (Diluted) | -0.63 | 0.32 | -0.11 | -1.43 | 2.37 | -5.11 | 1.46 | 1.09 | 1.60 | 1.54 | 1.18 | 1.15 | 1.94 | 1.59 | 0.31 | 1.36 | 0.55 | -13.46 | -39.70 | 4.85 | 7.96 | 10.47 | 7.04 | 3.41 | 2.88 | 1.82 | -0.10 | -3.04 | 1.81 | 1.32 | 0.85 | 0.20 |
| Balance Sheet | ||||||||||||||||||||||||||||||||
| Cash & Equivalents | 255.7 | 245.2 | 293.1 | 258.9 | 450.5 | 461.3 | 197 | 176 | 145 | 213 | 220.2 | 270 | 173 | 81.1 | 267.2 | 46.9 | 242.8 | 126 | 290.4 | 168.0 | 175.9 | 57.2 | 58.5 | 39.2 | 9.0 | 15.5 | 19.9 | 55.6 | 24.9 | 11 | 4.8 | 1 |
| Total Assets | 23,701.1 | 18,258.3 | 14,504.3 | 13,030.9 | 14,706.9 | 10,355.1 | 17,995 | 11,937 | 7,040 | 5,483 | 6,231.0 | 5,919 | 4,609 | 4,444.1 | 5,743.3 | 5,143.7 | 5,252.6 | 5,582 | 9,938.5 | 13,030.5 | 16,777.0 | 24,778.1 | 17,626.8 | 7,007.8 | 2,435.6 | 2,082.1 | 2,419.9 | 2,832.4 | 3,444.2 | 2,184.2 | 441.6 | 121.5 |
| Total Debt | 22,163.2 | 16,394.9 | 12,844.3 | 11,504.7 | 12,879.2 | 8,849.0 | 15,797 | 10,382 | 5,679 | 4,186 | 4,943.1 | 4,534 | 3,282 | 3,221.4 | 4,706.9 | 3,945.2 | 4,082.5 | 5,005 | 10,486.8 | 11,935.4 | 15,755.0 | 23,833.4 | 17,019.0 | 6,496.7 | 2,110.5 | 1,852.1 | 2,198.9 | 2,563.2 | 3,087.3 | 1,953.1 | 370.3 | 0 |
| Stockholders' Equity | 982.6 | 1,187.9 | 1,202.7 | 1,084.0 | 1,386.1 | 1,110.9 | 1,827 | 1,349 | 1,212 | 1,149 | 1,146.3 | 1,256 | 1,246 | 1,140.2 | 892.6 | 1,064.8 | 971.7 | 302 | (718.3) | 1,002.7 | 935.0 | 864.2 | 553.3 | 473.0 | 307.8 | 215.7 | 209.9 | 254.8 | 334.5 | 211 | 68.3 | 20.3 |
| Cash Flow | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | (10,094.5) | (5,862.5) | (2,015.8) | (139.1) | (5,694.6) | (505.5) | (1,165.6) | (1,611.7) | (1,713.2) | (545.7) | (1,250.2) | (1,791.1) | (221.8) | (450.2) | 17.8 | 29.9 | 210.1 | 145.0 | 33.8 | 69.0 | 95.4 | 95.8 | 69.2 | (1,057.4) | (372.0) | 584.1 | 78 | 1,156.9 | 49.8 | 20.5 | 1.6 | (0.1) |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 1,260.8 | (25.5) | (0.6) | (15.3) | (32.4) | (46.1) | (3.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | (10,094.5) | (5,862.5) | (2,015.8) | (139.1) | (5,694.6) | (505.5) | 95.2 | (1,637.2) | (1,713.8) | (561.0) | (1,282.6) | (1,837.2) | (224.9) | (450.2) | 17.8 | 29.9 | 210.1 | 145.0 | 33.8 | 69.0 | 95.4 | 95.8 | 69.2 | (1,057.4) | (372.0) | 584.1 | 78 | 1,156.9 | 49.8 | 20.5 | 1.6 | (0.1) |