Understand The Balance Sheet

Overall seems healthy, the only thing I find noteworthy is the shareholder's equity which has remained positive and growing (only shrink slightly in 2023)

• Operating Expenses compared to Cash

  • They have approximately 4 months of operating expenses in cash

    • Annual Operating Expenses: $1,838,200,000

    • Cash: $606,100,000

• Would be able to pay off long-term debt in approximately 2 years

  • Long-term debt: $1,237,000,000

  • FCF: $630,700,000

• Total assets: $6,484,500,000

  • Goodwill: $22,800,000

  • Intangibles, net: $103,400,000

• Total liabilities: $4,381,900,000

• Current ratio: 1.47

  • Current assets: $4,301,400

  • Current liabilities: $2,932,000

• Shareholders equity

  • With the exception of 2023 (shrank by 2.96%), has been growing, but not 10%

  • Growth rates:

    • 9 year: 28.43%

    • 5 year: 18.96%

    • 1 year: 1.64%