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TXNM Energy, Inc. (TXNM)

Analysis: Margins & Ratios Industry: Regulated Electric Sector: Utilities Live Price: $59.16

Income Statement Margins

Metric3Y Avg5Y AvgTTMTTM-12024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue
2,053,317,333
1,892,527,400
2,109,338,000
1,906,349,000
1,971,199,000
1,939,198,000
2,249,555,000
1,779,773,000
1,522,912,000
1,457,506,000
Cost of Revenue
1,335,985,667
1,220,151,200
1,308,164,000
1,159,604,000
1,161,037,000
1,312,095,000
1,534,825,000
1,154,126,000
938,673,000
892,930,000
Cost of Revenue Margin
64.93%
64.25%
62.02%
60.83%
58.90%
67.66%
68.23%
64.85%
61.64%
61.26%
Gross Profit
717,331,667
672,376,200
801,174,000
746,745,000
810,162,000
627,103,000
714,730,000
625,647,000
584,239,000
564,576,000
Gross Profit Margin
35.07%
35.75%
37.98%
39.17%
41.10%
32.34%
31.77%
35.15%
38.36%
38.74%
R&D Expenses
0
0
0
0
0
0
0
0
0
0
R&D Expenses Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
SG&A Expenses
234,055,000
229,758,200
272,473,000
240,118,000
247,116,000
227,900,000
227,149,000
230,292,000
216,334,000
189,227,000
SG&A Expenses Margin
11.46%
12.31%
12.92%
12.60%
12.54%
11.75%
10.10%
12.94%
14.21%
12.98%
Operating Expenses
330,558,000
321,166,800
379,933,000
339,647,000
347,696,000
323,840,000
320,138,000
316,300,000
297,860,000
269,281,000
Operating Expenses Margin
16.19%
17.18%
18.01%
17.82%
17.64%
16.70%
14.23%
17.77%
19.56%
18.48%
Operating Income (EBIT)
386,773,667
351,209,400
421,241,000
407,098,000
462,466,000
303,263,000
394,592,000
309,347,000
286,379,000
295,295,000
Operating Income (EBIT) Margin
18.88%
18.57%
19.97%
21.35%
23.46%
15.64%
17.54%
17.38%
18.80%
20.26%
Interest Income
20,531,667
18,096,000
20,433,000
24,114,000
23,537,000
21,963,000
16,095,000
14,662,000
14,223,000
14,022,000
Interest Income Margin
1.01%
0.96%
0.97%
1.26%
1.19%
1.13%
0.72%
0.82%
0.93%
0.96%
Interest Expense
182,109,667
151,519,600
264,525,000
222,949,000
228,066,000
190,355,000
127,908,000
96,877,000
114,392,000
121,016,000
Interest Expense Margin
9.02%
8.01%
12.54%
11.70%
11.57%
9.82%
5.69%
5.44%
7.51%
8.30%
Net Interest Income
-161,578,000
-133,423,600
-244,092,000
-198,835,000
-204,529,000
-168,392,000
-111,813,000
-82,215,000
-100,169,000
-106,994,000
Net Interest Income Margin
-8.01%
-7.05%
-11.57%
-10.43%
-10.38%
-8.68%
-4.97%
-4.62%
-6.58%
-7.34%
Unusual Items
354,325,333
277,741,000
447,236,000
422,209,000
386,755,000
381,126,000
295,095,000
147,133,000
178,596,000
335,440,000
Unusual Items Margin
17.46%
14.48%
21.20%
22.15%
19.62%
19.65%
13.12%
8.27%
11.73%
23.01%
EBT Excluding Unusual Items
-160,299,000
-70,849,000
-229,139,000
-238,485,000
-106,515,000
-290,597,000
-83,785,000
97,296,000
29,356,000
-268,591,000
EBT Excluding Unusual Items Margin
-8.04%
-3.34%
-10.86%
-12.51%
-5.40%
-14.99%
-3.72%
5.47%
1.93%
-18.43%
Pre-Tax Income
194,026,333
206,892,000
218,097,000
183,724,000
280,240,000
90,529,000
211,310,000
244,429,000
207,952,000
66,849,000
Pre-Tax Income Margin
9.43%
11.13%
10.34%
9.64%
14.22%
4.67%
9.39%
13.73%
13.65%
4.59%
Income Tax Expense
10,432,667
16,903,200
22,989,000
-9,270,000
21,518,000
-16,350,000
26,130,000
32,582,000
20,636,000
-25,282,000
Income Tax Expense Margin
0.47%
0.92%
1.09%
-0.49%
1.09%
-0.84%
1.16%
1.83%
1.36%
-1.73%
Net Income
167,028,667
174,149,200
177,450,000
176,742,000
242,682,000
88,346,000
170,058,000
196,357,000
173,303,000
77,890,000
Net Income Margin
8.14%
9.37%
8.41%
9.27%
12.31%
4.56%
7.56%
11.03%
11.38%
5.34%
Depreciation and Amortization
372,608,333
350,540,600
470,186,000
405,054,000
423,010,000
353,692,000
341,123,000
320,210,000
314,668,000
301,068,000
Depreciation and Amortization Margin
18.29%
18.70%
22.29%
21.25%
21.46%
18.24%
15.16%
17.99%
20.66%
20.66%
EBITDA
746,454,667
708,629,800
953,940,000
802,671,000
929,210,000
627,712,000
682,442,000
663,836,000
639,949,000
494,859,000
EBITDA Margin
36.62%
37.83%
45.22%
42.11%
47.14%
32.37%
30.34%
37.30%
42.02%
33.95%
NOPAT
376,929,212
331,371,902
376,839,154
427,638,585
426,955,925
358,033,847
345,797,864
268,111,533
257,960,341
406,974,280
NOPAT Margin
18.50%
17.50%
17.87%
22.43%
21.66%
18.46%
15.37%
15.06%
16.94%
27.92%
Owner's Earnings
-538,833,000
-445,201,000
-580,002,999
-591,597,000
-581,349,000
-633,774,000
-401,376,000
-418,449,000
-191,057,000
-237,315,000
Owner's Earnings Margin
-26.67%
-23.21%
-27.50%
-31.03%
-29.49%
-32.68%
-17.84%
-23.51%
-12.55%
-16.28%

Balance Sheet Margins

Metric3Y Avg5Y Avg2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue
2,053,317,333
1,892,527,400
1,971,199,000
1,939,198,000
2,249,555,000
1,779,773,000
1,522,912,000
1,457,506,000
Cash & Cash Equivalents
3,597,000
11,964,600
4,498,000
2,215,000
4,078,000
1,104,000
47,928,000
3,833,000
Cash & Cash Equivalents Margin
0.17%
0.75%
0.23%
0.11%
0.18%
0.06%
3.15%
0.26%
Short-Term Investments
0
0
0
0
0
0
0
0
Short-Term Investments Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Cash & Short-Term Investments
3,597,000
11,964,600
4,498,000
2,215,000
4,078,000
1,104,000
47,928,000
3,833,000
Cash & Short-Term Investments Margin
0.17%
0.75%
0.23%
0.11%
0.18%
0.06%
3.15%
0.26%
Net Receivables
262,609,667
238,180,400
244,447,000
273,569,000
269,813,000
204,690,000
198,383,000
160,403,000
Net Receivables Margin
12.83%
12.61%
12.40%
14.11%
11.99%
11.50%
13.03%
11.01%
Inventory
110,542,667
92,621,200
166,861,000
98,034,000
66,733,000
65,061,000
66,417,000
77,929,000
Inventory Margin
5.50%
4.90%
8.46%
5.06%
2.97%
3.66%
4.36%
5.35%
Other Current Assets
63,811,000
54,520,800
57,578,000
81,966,000
51,889,000
16,420,000
64,751,000
51,845,000
Other Current Assets Margin
3.15%
2.93%
2.92%
4.23%
2.31%
0.92%
4.25%
3.56%
Total Current Assets
461,785,667
417,487,200
498,836,000
475,543,000
410,978,000
324,600,000
377,479,000
294,010,000
Total Current Assets Margin
22.70%
22.22%
25.31%
24.52%
18.27%
18.24%
24.79%
20.17%
Property, Plant & Equipment
7,871,936,667
7,313,603,200
8,738,734,000
7,821,430,000
7,055,646,000
6,857,849,000
6,094,357,000
5,609,680,000
Property, Plant & Equipment Margin
386.77%
389.16%
443.32%
403.33%
313.65%
385.32%
400.18%
384.88%
Goodwill
278,297,000
278,297,000
278,297,000
278,297,000
278,297,000
278,297,000
278,297,000
278,297,000
Goodwill Margin
13.61%
14.95%
14.12%
14.35%
12.37%
15.64%
18.27%
19.09%
Intangible Assets
0
0
0
0
0
0
0
0
Intangible Assets Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Long-Term Investments
522,506,667
530,224,600
493,370,000
565,877,000
508,273,000
552,549,000
531,054,000
454,347,000
Long-Term Investments Margin
25.60%
28.54%
25.03%
29.18%
22.59%
31.05%
34.87%
31.17%
Tax Assets
347,669,333
357,066,600
336,389,000
338,423,000
368,196,000
349,175,000
393,150,000
394,644,000
Tax Assets Margin
16.96%
19.26%
17.07%
17.45%
16.37%
19.62%
25.82%
27.08%
Other Non-Current Assets
1,106,045,667
926,078,800
1,202,496,000
1,111,458,000
1,004,183,000
653,590,000
658,667,000
662,439,999
Other Non-Current Assets Margin
54.32%
48.59%
61.00%
57.32%
44.64%
36.72%
43.25%
45.45%
Other Assets
0
0
0
0
0
0
0
0
Other Assets Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Total Non-Current Assets
10,126,455,333
9,405,270,200
11,049,286,000
10,115,485,000
9,214,595,000
8,691,460,000
7,955,525,000
7,399,407,999
Total Non-Current Assets Margin
497.26%
500.50%
560.54%
521.63%
409.62%
488.35%
522.39%
507.68%
Total Assets
10,588,241,000
9,822,757,400
11,548,122,000
10,591,028,000
9,625,573,000
9,016,060,000
8,333,004,000
7,693,418,000
Total Assets Margin
519.96%
522.73%
585.84%
546.16%
427.89%
506.58%
547.18%
527.85%
Accounts Payable
208,450,333
193,452,600
204,468,000
205,175,000
215,708,000
172,595,000
169,317,000
103,118,000
Accounts Payable Margin
10.18%
10.27%
10.37%
10.58%
9.59%
9.70%
11.12%
7.07%
Short-Term Debt
750,123,667
632,977,800
1,244,322,000
563,112,000
442,937,000
275,070,000
639,448,000
706,073,000
Short-Term Debt Margin
37.28%
33.86%
63.13%
29.04%
19.69%
15.46%
41.99%
48.44%
Tax Payables
0
0
0
0
0
0
0
0
Tax Payables Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Deferred Revenue
0
0
0
0
0
0
0
0
Deferred Revenue Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Other Current Liabilities
340,168,667
281,190,200
326,308,000
462,473,000
231,725,000
216,548,000
168,897,000
158,290,000
Other Current Liabilities Margin
16.90%
14.79%
16.55%
23.85%
10.30%
12.17%
11.09%
10.86%
Total Current Liabilities
1,298,742,667
1,107,620,600
1,775,098,000
1,230,760,000
890,370,000
664,213,000
977,662,000
967,481,000
Total Current Liabilities Margin
64.37%
58.92%
90.05%
63.47%
39.58%
37.32%
64.20%
66.38%
Long-Term Debt
4,148,667,000
3,737,042,600
4,311,765,000
4,241,642,000
3,892,594,000
3,519,580,000
2,719,632,000
2,517,449,000
Long-Term Debt Margin
203.50%
197.37%
218.74%
218.73%
173.04%
197.75%
178.58%
172.72%
Capital Lease Obligations
169,684,333
140,157,800
269,669,000
179,267,000
60,117,000
83,211,000
108,525,000
0
Capital Lease Obligations Margin
8.53%
7.48%
13.68%
9.24%
2.67%
4.68%
7.13%
0.00%
Deferred Tax Liabilities
1,203,503,667
1,162,439,600
1,235,781,000
1,183,703,000
1,191,027,000
1,114,025,000
1,087,662,000
1,020,702,000
Deferred Tax Liabilities Margin
58.89%
62.14%
62.69%
61.04%
52.95%
62.59%
71.42%
70.03%
Other Non-Current Liabilities
1,022,025,333
1,050,484,400
1,016,421,000
1,038,277,000
1,011,378,000
1,094,596,000
1,091,750,000
1,143,242,000
Other Non-Current Liabilities Margin
50.02%
56.65%
51.56%
53.54%
44.96%
61.50%
71.69%
78.44%
Total Non-Current Liabilities
6,868,882,000
6,391,874,800
7,178,210,000
6,949,688,000
6,478,748,000
6,117,389,000
5,235,339,000
4,972,658,000
Total Non-Current Liabilities Margin
336.85%
339.60%
364.15%
358.38%
288.00%
343.72%
343.77%
341.18%
Total Liabilities
8,167,624,667
7,499,495,400
8,953,308,000
8,180,448,000
7,369,118,000
6,781,602,000
6,213,001,000
5,940,139,000
Total Liabilities Margin
401.21%
398.53%
454.21%
421.85%
327.58%
381.04%
407.97%
407.56%
Preferred Stock
11,529,000
11,529,000
11,529,000
11,529,000
11,529,000
11,529,000
11,529,000
11,529,000
Preferred Stock Margin
0.56%
0.62%
0.58%
0.59%
0.51%
0.65%
0.76%
0.79%
Common Stock
1,592,789,667
1,527,513,400
1,724,444,000
1,624,823,000
1,429,102,000
1,429,257,000
1,429,941,000
1,150,552,000
Common Stock Margin
78.27%
81.80%
87.48%
83.79%
63.53%
80.31%
93.90%
78.94%
Retained Earnings
834,545,667
802,509,400
887,649,000
787,110,000
828,878,000
810,203,000
698,707,000
627,523,000
Retained Earnings Margin
40.82%
42.77%
45.03%
40.59%
36.85%
45.52%
45.88%
43.05%
Accumulated OCI
-68,198,667
-71,143,000
-75,708,000
-62,840,000
-66,048,000
-71,936,000
-79,183,000
-99,377,000
Accumulated OCI Margin
-3.34%
-3.85%
-3.84%
-3.24%
-2.94%
-4.04%
-5.20%
-6.82%
Minority Interest
49,950,667
52,853,200
46,900,000
49,958,000
52,994,000
55,405,000
59,009,000
63,052,000
Minority Interest Margin
2.44%
2.86%
2.38%
2.58%
2.36%
3.11%
3.87%
4.33%
Total Shareholders’ Equity
2,370,665,667
2,270,408,800
2,547,914,000
2,360,622,000
2,203,461,000
2,179,053,000
2,060,994,000
1,690,227,000
Total Shareholders’ Equity Margin
116.31%
121.34%
129.26%
121.73%
97.95%
122.43%
135.33%
115.97%
Total Equity
2,420,616,333
2,323,262,000
2,594,814,000
2,410,580,000
2,256,455,000
2,234,458,000
2,120,003,000
1,753,279,000
Total Equity Margin
118.75%
124.20%
131.64%
124.31%
100.31%
125.55%
139.21%
120.29%
Total Liabilities & Equity
0
0
0
0
0
0
0
0
Total Liabilities & Equity Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Total Investments
522,506,667
530,224,600
493,370,000
565,877,000
508,273,000
552,549,000
531,054,000
454,347,000
Total Investments Margin
25.60%
28.54%
25.03%
29.18%
22.59%
31.05%
34.87%
31.17%
Net Debt
5,066,404,000
4,494,603,000
5,823,435,000
4,986,865,000
4,388,912,000
3,865,614,000
3,408,189,000
3,332,303,000
Net Debt Margin
249.23%
237.74%
295.43%
257.16%
195.10%
217.20%
223.79%
228.63%

Capital Metrics

Metric3Y Avg5Y Avg2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue
2,053,317,333
1,892,527,400
1,971,199,000
1,939,198,000
2,249,555,000
1,779,773,000
1,522,912,000
1,457,506,000
Working Capital
-836,957,000
-690,133,400
-1,276,262,000
-755,217,000
-479,392,000
-339,613,000
-600,183,000
-673,471,000
Working Capital Margin
-41.67%
-36.70%
-64.75%
-38.94%
-21.31%
-19.08%
-39.41%
-46.21%
Total Capital
7,440,666,667
6,776,976,400
8,375,847,000
7,349,702,000
6,596,451,000
6,045,771,000
5,517,111,000
5,026,363,000
Total Capital Margin
365.72%
359.82%
424.91%
379.01%
293.23%
339.69%
362.27%
344.86%
Capital Employed
9,289,498,333
8,715,136,800
9,773,024,000
9,360,268,000
8,735,203,000
8,351,847,000
7,355,342,000
6,725,937,000
Capital Employed Margin
455.60%
463.81%
495.79%
482.69%
388.31%
469.26%
482.98%
461.47%
Invested Capital
7,437,069,667
6,765,011,800
8,371,349,000
7,347,487,000
6,592,373,000
6,044,667,000
5,469,183,000
5,022,530,000
Invested Capital Margin
365.54%
359.08%
424.68%
378.89%
293.05%
339.63%
359.13%
344.60%

Cash Flow Margins

Metric3Y Avg5Y Avg2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue
2,053,317,333
1,892,527,400
1,971,199,000
1,939,198,000
2,249,555,000
1,779,773,000
1,522,912,000
1,457,506,000
Net Income
173,206,333
177,855,800
242,682,000
106,879,000
170,058,000
196,357,000
173,303,000
92,131,000
Net Income Margin
8.46%
9.56%
12.31%
5.51%
7.56%
11.03%
11.38%
6.32%
Depreciation & Amortization
372,608,333
350,540,600
423,010,000
353,692,000
341,123,000
320,210,000
314,668,000
301,068,000
Depreciation & Amortization Margin
18.29%
18.70%
21.46%
18.24%
15.16%
17.99%
20.66%
20.66%
Deferred Income Tax
18,024,667
21,045,200
43,050,000
-13,509,000
24,533,000
30,747,000
20,405,000
-25,385,000
Deferred Income Tax Margin
0.86%
1.13%
2.18%
-0.70%
1.09%
1.73%
1.34%
-1.74%
Stock-Based Compensation
8,165,000
8,416,400
9,480,000
7,190,000
7,825,000
9,446,000
8,141,000
6,414,000
Stock-Based Compensation Margin
0.40%
0.45%
0.48%
0.37%
0.35%
0.53%
0.53%
0.44%
Change in Working Capital
-63,596,000
-41,664,200
-190,060,000
58,416,000
-59,144,000
-961,000
-16,572,000
14,512,000
Change in Working Capital Margin
-3.09%
-2.08%
-9.64%
3.01%
-2.63%
-0.05%
-1.09%
1.00%
Accounts Receivable
-11,073,000
-20,235,600
-13,349,000
53,229,000
-73,099,000
-25,924,000
-42,035,000
3,796,000
Accounts Receivable Margin
-0.39%
-1.08%
-0.68%
2.74%
-3.25%
-1.46%
-2.76%
0.26%
Inventory
-24,544,333
-12,153,000
-33,804,000
-31,301,000
-8,528,000
1,356,000
11,512,000
-6,095,000
Inventory Margin
-1.24%
-0.58%
-1.71%
-1.61%
-0.38%
0.08%
0.76%
-0.42%
Accounts Payable
8,017,667
8,419,200
10,021,000
-33,536,000
47,568,000
10,640,000
7,403,000
-272,000
Accounts Payable Margin
0.30%
0.40%
0.51%
-1.73%
2.11%
0.60%
0.49%
-0.02%
Other Working Capital
-35,996,333
-17,694,800
-152,928,000
70,024,000
-25,085,000
12,967,000
6,548,000
17,083,000
Other Working Capital Margin
-1.75%
-0.82%
-7.76%
3.61%
-1.12%
0.73%
0.43%
1.17%
Other Non-Cash Items
33,796,667
15,843,800
-20,002,000
38,503,000
82,889,000
-7,926,000
-14,245,000
114,423,000
Other Non-Cash Items Margin
1.55%
0.65%
-1.01%
1.99%
3.68%
-0.45%
-0.94%
7.85%
Net Cash from Operating Activities
542,205,000
532,037,600
508,160,000
551,171,000
567,284,000
547,873,000
485,700,000
503,163,000
Net Cash from Operating Activities Margin
26.47%
28.42%
25.78%
28.42%
25.22%
30.78%
31.89%
34.52%
Capital Expenditures (PPE)
-1,078,470,000
-969,890,800
-1,247,041,000
-1,075,812,000
-912,557,000
-935,016,000
-679,028,000
-616,273,000
Capital Expenditures (PPE) Margin
-53.10%
-51.29%
-63.26%
-55.48%
-40.57%
-52.54%
-44.59%
-42.28%
Acquisitions (Net)
11,831,333
7,098,800
2,840,000
32,654,000
0
0
0
0
Acquisitions (Net) Margin
0.61%
0.37%
0.14%
1.68%
0.00%
0.00%
0.00%
0.00%
Purchases of Investments
-651,252,667
-612,454,200
-769,355,000
-619,491,000
-564,912,000
-477,672,000
-630,841,000
-552,116,000
Purchases of Investments Margin
-32.03%
-32.87%
-39.03%
-31.95%
-25.11%
-26.84%
-41.42%
-37.88%
Sales / Maturities of Investments
641,640,333
595,271,600
824,274,000
574,199,000
526,448,000
460,439,000
590,998,000
494,528,000
Sales / Maturities of Investments Margin
31.61%
31.90%
41.82%
29.61%
23.40%
25.87%
38.81%
33.93%
Other Investing Activities
5,209,333
138,200
14,910,000
44,000
674,000
-9,000
-14,928,000
-37,000
Other Investing Activities Margin
0.26%
-0.04%
0.76%
0.00%
0.03%
0.00%
-0.98%
0.00%
Net Cash from Investing Activities
-1,071,041,667
-979,836,400
-1,174,372,000
-1,088,406,000
-950,347,000
-952,258,000
-733,799,000
-673,898,000
Net Cash from Investing Activities Margin
-52.65%
-51.93%
-59.58%
-56.13%
-42.25%
-53.50%
-48.18%
-46.24%
Net Debt Issuance
595,555,667
471,853,400
760,871,000
477,996,000
547,800,000
435,700,000
136,900,000
286,898,000
Net Debt Issuance Margin
29.20%
24.21%
38.60%
24.65%
24.35%
24.48%
8.99%
19.68%
Long-Term Debt Issuance
595,555,667
471,853,400
760,871,000
477,996,000
547,800,000
435,700,000
136,900,000
436,898,000
Long-Term Debt Issuance Margin
29.20%
24.21%
38.60%
24.65%
24.35%
24.48%
8.99%
29.98%
Short-Term Debt Issuance
0
0
0
0
0
0
0
-150,000,000
Short-Term Debt Issuance Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-10.29%
Net Stock Issuance
90,230,667
106,362,000
90,141,000
188,531,000
-7,980,000
-10,130,000
271,248,000
-8,975,000
Net Stock Issuance Margin
4.65%
6.24%
4.57%
9.72%
-0.35%
-0.57%
17.81%
-0.62%
Common Stock Issuance
98,926,000
116,002,000
98,601,000
198,177,000
0
0
283,232,000
943,000
Common Stock Issuance Margin
5.07%
6.76%
5.00%
10.22%
0.00%
0.00%
18.60%
0.06%
Common Stock Repurchased
-8,695,333
-9,640,000
-8,460,000
-9,646,000
-7,980,000
-10,130,000
-11,984,000
-9,918,000
Common Stock Repurchased Margin
-0.43%
-0.53%
-0.43%
-0.50%
-0.35%
-0.57%
-0.79%
-0.68%
Preferred Stock Issuance
0
4,800
0
0
0
0
24,000
0
Preferred Stock Issuance Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Net Dividends Paid
-128,961,000
-119,671,400
-140,339,000
-126,705,000
-119,839,000
-112,972,000
-98,502,000
-92,926,000
Net Dividends Paid Margin
-6.33%
-6.36%
-7.12%
-6.53%
-5.33%
-6.35%
-6.47%
-6.38%
Common Dividends Paid
-128,961,000
-119,671,400
-140,339,000
-126,705,000
-119,839,000
-112,972,000
-98,502,000
-92,926,000
Common Dividends Paid Margin
-6.33%
-6.36%
-7.12%
-6.53%
-5.33%
-6.35%
-6.47%
-6.38%
Preferred Dividends Paid
0
0
0
0
0
0
0
0
Preferred Dividends Paid Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Other Financing Activities
-20,995,000
-7,094,800
-26,319,000
-2,722,000
-33,944,000
44,963,000
-17,452,000
-12,551,000
Other Financing Activities Margin
-0.99%
-0.32%
-1.34%
-0.14%
-1.51%
2.53%
-1.15%
-0.86%
Net Cash from Financing Activities
535,830,333
451,449,200
684,354,000
537,100,000
386,037,000
357,561,000
292,194,000
172,446,000
Net Cash from Financing Activities Margin
26.53%
23.77%
34.72%
27.70%
17.16%
20.09%
19.19%
11.83%
Effect of FX on Cash
-5,862,333
-3,517,400
-15,859,000
-1,728,000
0
0
0
0
Effect of FX on Cash Margin
-0.30%
-0.18%
-0.80%
-0.09%
0.00%
0.00%
0.00%
0.00%
Net Change in Cash
1,131,333
133,000
2,283,000
-1,863,000
2,974,000
-46,824,000
44,095,000
1,711,000
Net Change in Cash Margin
0.05%
0.08%
0.12%
-0.10%
0.13%
-2.63%
2.90%
0.12%
Cash at Beginning of Period
2,465,667
11,831,600
2,215,000
4,078,000
1,104,000
47,928,000
3,833,000
2,122,000
Cash at Beginning of Period Margin
0.12%
0.66%
0.11%
0.21%
0.05%
2.69%
0.25%
0.15%
Cash at End of Period
3,597,000
11,964,600
4,498,000
2,215,000
4,078,000
1,104,000
47,928,000
3,833,000
Cash at End of Period Margin
0.17%
0.75%
0.23%
0.11%
0.18%
0.06%
3.15%
0.26%
Operating Cash Flow
542,205,000
532,037,600
508,160,000
551,171,000
567,284,000
547,873,000
485,700,000
503,163,000
Operating Cash Flow Margin
26.47%
28.42%
25.78%
28.42%
25.22%
30.78%
31.89%
34.52%
Capital Expenditure
-1,078,470,000
-969,890,800
-1,247,041,000
-1,075,812,000
-912,557,000
-935,016,000
-679,028,000
-616,273,000
Capital Expenditure Margin
-53.10%
-51.29%
-63.26%
-55.48%
-40.57%
-52.54%
-44.59%
-42.28%
Free Cash Flow
-536,265,000
-437,853,200
-738,881,000
-524,640,999
-345,273,000
-387,143,000
-193,328,000
-113,110,000
Free Cash Flow Margin
-26.63%
-22.87%
-37.48%
-27.05%
-15.35%
-21.75%
-12.69%
-7.76%

Free Cash Flow Margins

Metric3Y Avg5Y Avg2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue
2,053,317,333
1,892,527,400
1,971,199,000
1,939,198,000
2,249,555,000
1,779,773,000
1,522,912,000
1,457,506,000
EBITDA
746,454,667
708,629,800
929,210,000
627,712,000
682,442,000
663,836,000
639,949,000
494,859,000
EBITDA Margin
36.62%
37.83%
47.14%
32.37%
30.34%
37.30%
42.02%
33.95%
(-) Tax Adjustment
14,123,165
38,872,553
71,348,633
-113,367,995
84,388,857
88,488,291
63,504,980
-187,153,514
(-) Tax Adjustment Margin
0.51%
2.13%
3.62%
-5.85%
3.75%
4.97%
4.17%
-12.84%
(-) Change In Working Capital
-63,596,000
-41,664,200
-190,060,000
58,416,000
-59,144,000
-961,000
-16,572,000
14,512,000
(-) Change In Working Capital Margin
-3.09%
-2.08%
-9.64%
3.01%
-2.63%
-0.05%
-1.09%
1.00%
(-) Capital Expenditure
-1,078,470,000
-969,890,800
-1,247,041,000
-1,075,812,000
-912,557,000
-935,016,000
-679,028,000
-616,273,000
(-) Capital Expenditure Margin
-53.10%
-51.29%
-63.26%
-55.48%
-40.57%
-52.54%
-44.59%
-42.28%
Unlevered Free Cash Flow
-282,542,498
-258,469,353
-199,119,633
-393,148,005
-255,359,857
-358,707,291
-86,011,980
51,227,514
Unlevered Free Cash Flow Margin
-13.91%
-13.51%
-10.10%
-20.27%
-11.35%
-20.15%
-5.65%
3.51%
(-) Net Interest Income After Taxes
-161,871,794
-129,420,008
-188,824,407
-198,804,456
-97,986,519
-71,255,870
-90,228,786
-147,458,664
(-) Net Interest Income After Taxes Margin
-8.06%
-6.82%
-9.58%
-10.25%
-4.36%
-4.00%
-5.92%
-10.12%
Net Debt Issuance
595,555,667
471,853,400
760,871,000
477,996,000
547,800,000
435,700,000
136,900,000
286,898,000
Net Debt Issuance Margin
29.20%
24.21%
38.60%
24.65%
24.35%
24.48%
8.99%
19.68%
Levered Free Cash Flow
474,884,962
342,804,054
750,575,775
283,652,450
390,426,662
148,248,579
141,116,806
485,584,177
Levered Free Cash Flow Margin
23.35%
17.53%
38.08%
14.63%
17.36%
8.33%
9.27%
33.32%