| Years ended December 31 |
|
| $1,000 except per share data |
2025 |
2024 |
2023 |
2022 |
2021 |
| Result |
|
|
|
|
|
| Net sales |
2,089,999 |
1,978,214 |
1,965,311 |
2,141,518 |
2,251,657 |
| Operating income |
465,851 |
97,711 |
409,938 |
531,460 |
630,084 |
| Net income |
424,880 |
83,591 |
341,303 |
423,211 |
512,599 |
| Basic earnings per share (EPS) |
1.96 |
0.38 |
1.50 |
1.86 |
2.25 |
| Diluted earnings per share (EPS) |
1.94 |
0.37 |
1.48 |
1.84 |
2.21 |
| Number of shares (in thousands) |
|
|
|
|
|
| Common shares used to compute basic earnings per share1 |
217,219 |
222,619 |
228,146 |
227,577 |
227,983 |
| Common shares used to compute diluted earnings per share2 |
218,880 |
224,717 |
230,619 |
230,136 |
232,034 |
| Cash flow |
|
|
|
|
|
| Cash flow from operations |
654,326 |
673,551 |
459,455 |
715,264 |
639,001 |
| Capital expenditures for property, plant and equipment |
201,049 |
167,174 |
149,710 |
129,224 |
189,904 |
| Free cash flow3 |
453,277 |
506,377 |
309,745 |
586,040 |
449,097 |
|
As of December 31
|
| Balance sheet |
|
|
|
|
|
| Total assets |
6,281,232 |
5,689,622 |
6,115,190 |
6,287,735 |
6,146,954 |
| Cash and cash equivalents |
839,005 |
663,555 |
668,084 |
730,669 |
880,516 |
| Total long-term liabilities, including current portion |
1,990,941 |
1,632,135 |
1,816,103 |
2,236,153 |
2,380,560 |
| Total equity |
3,778,154 |
3,567,339 |
3,807,764 |
3,466,611 |
3,096,550 |
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Reports for more information.
1Weighted average number of common shares used to compute basic earnings per common share
2Weighted average number of common shares used to compute diluted earnings per common share
3Free cash flow is calculated from cash provided by operations reduced by purchases of property, plant
and equipment