AEP - American Electric Power Company, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$139.60
DETAILS
HIGH:
$150.00
LOW:
$129.00
MEDIAN:
$141.00
CONSENSUS:
$139.60
UPSIDE:
4.30%
| 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 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||
| Revenue | 21,783 | 19,916.5 | 19,381.5 | 19,314.6 | 16,623.5 | 14,908.2 | 15,535.6 | 16,167.2 | 15,376 | 16,316.6 | 16,395.9 | 16,932 | 15,293 | 14,885 | 15,050 | 14,333 | 13,326 | 14,428 | 13,380 | 12,622 | 12,111 | 14,245 | 14,833 | 13,427 | 12,753 | 36,706 | 24,745 | 11,840 | 5,879.8 | 5,849.2 | 5,670.3 | 5,504.7 | 5,268.8 | 5,044.8 | 5,046.6 | 5,167.5 | 5,140.4 | 4,840.8 | 4,787.6 | 4,842.8 |
| Cost of Revenue | 14,853 | 13,559.5 | 13,757 | 14,444.7 | 11,953.3 | 10,631.8 | 11,578.5 | 12,311.9 | 10,986.9 | 11,890.4 | 12,112.2 | 12,883 | 11,377 | 11,079 | 11,426 | 10,940 | 9,924 | 11,163 | 10,347 | 9,779 | 9,502 | 7,836 | 6,704 | 5,058 | 4,964 | 28,718 | 17,244 | 3,455 | 1,761.8 | 1,686.8 | 1,625.5 | 1,745.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 6,930 | 6,357 | 5,624.5 | 4,869.9 | 4,670.2 | 4,276.4 | 3,957.1 | 3,855.3 | 4,389.1 | 4,426.2 | 4,283.7 | 4,049 | 3,916 | 3,806 | 3,624 | 3,393 | 3,402 | 3,265 | 3,033 | 2,843 | 2,609 | 6,409 | 8,129 | 8,369 | 7,789 | 7,988 | 7,501 | 8,385 | 4,118 | 4,162.4 | 4,044.8 | 3,759.5 | 5,268.8 | 5,044.8 | 5,046.6 | 5,167.5 | 5,140.4 | 4,840.8 | 4,787.6 | 4,842.8 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Expenses | 1,631 | 1,596.3 | 1,492.3 | 1,469.8 | 1,407.6 | 1,295.5 | 1,234.5 | 1,142.7 | 1,059.4 | 1,018 | 972.6 | 915 | 891 | 850 | 824 | 820 | 765 | 761 | 755 | 737 | 763 | 4,430 | 6,434 | 6,446 | 5,566 | 5,984 | 5,197 | 6,105 | 2,792.4 | 2,812.3 | 2,808.2 | 2,610 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 1,631 | 1,596.3 | 1,492.3 | 1,469.8 | 1,407.6 | 1,295.5 | 1,234.5 | 1,142.7 | 1,059.4 | 1,018 | 972.6 | 915 | 891 | 850 | 824 | 820 | 765 | 761 | 755 | 737 | 763 | 4,430 | 6,434 | 6,446 | 5,566 | 5,984 | 5,197 | 6,105 | 2,792.4 | 2,812.3 | 2,808.2 | 2,610 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | 5,299 | 4,760.7 | 4,132.2 | 3,400.1 | 3,262.6 | 2,980.9 | 2,722.6 | 2,712.6 | 3,329.7 | 3,408.2 | 3,311.1 | 3,134 | 3,025 | 2,956 | 2,800 | 2,573 | 2,637 | 2,504 | 2,278 | 2,106 | 1,846 | 1,979 | 1,695 | 1,923 | 2,223 | 2,004 | 2,304 | 2,280 | 1,325.6 | 1,350.1 | 1,236.6 | 1,149.5 | 5,268.8 | 5,044.8 | 5,046.6 | 5,167.5 | 5,140.4 | 4,840.8 | 4,787.6 | 4,842.8 |
| Interest Expense | 2,030 | 1,857.5 | 1,809.3 | 1,392.1 | 1,192.6 | 1,160.8 | 1,071 | 983.3 | 893.5 | 874.8 | 870.9 | 879 | 899 | 984 | 926 | 995 | 968 | 958 | 841 | 732 | 697 | 781 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.6 | 16 | 16.3 | 7.9 | 7.4 | 57.9 | 8 | 27 | 38 | 11 | 57 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | 9,344 | 8,093.2 | 7,205 | 7,098.2 | 6,750.9 | 6,213.7 | 5,645.9 | 5,357.2 | 5,836 | 3,441.3 | 5,648.5 | 5,442 | 4,883 | 4,724 | 5,085 | 4,624 | 4,566 | 4,543 | 4,079 | 3,792 | 3,538 | 4,061 | 3,040 | 3,322 | 3,676 | 3,351 | 3,516 | 3,269 | 1,945.8 | 1,996.3 | 1,868.1 | 1,710.7 | 5,268.8 | 5,044.8 | 5,046.6 | 5,167.5 | 5,140.4 | 4,840.8 | 4,787.6 | 4,842.8 |
| EBIT | 5,855 | 4,700.4 | 4,018 | 3,812.5 | 3,704.5 | 3,306.9 | 2,905.8 | 2,956.8 | 3,709.7 | 1,350.4 | 3,493.8 | 3,369 | 3,009 | 2,806 | 3,293 | 2,844 | 2,906 | 2,972 | 2,501 | 2,212 | 2,157 | 2,761 | 1,695 | 1,923 | 2,223 | 2,004 | 2,304 | 2,280 | 1,325.6 | 1,350.1 | 1,236.6 | 1,149.5 | 5,268.8 | 5,044.8 | 5,046.6 | 5,167.5 | 5,140.4 | 4,840.8 | 4,787.6 | 4,842.8 |
| Income Before Tax | 3,825 | 2,936.6 | 2,267.2 | 2,311 | 2,603.6 | 2,237.2 | 1,906.9 | 2,046.6 | 2,898.6 | 546.8 | 2,688.2 | 2,580 | 2,168 | 1,866 | 2,394 | 1,861 | 1,945 | 2,017 | 1,666 | 1,483 | 1,470 | 1,678 | 880 | 800 | 1,513 | 899 | 1,468 | 1,477 | 961.7 | 929.6 | 801.9 | 717.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Tax Expense | 129 | (39.2) | 54.6 | 5.4 | 115.5 | 40.5 | (12.9) | 115.3 | 969.7 | (73.7) | 919.6 | 902.6 | 677.7 | 604 | 818 | 643 | 575 | 642 | 516 | 485 | 430 | 572 | 358 | 315 | 553 | 597 | 482 | 502 | 341.3 | 342.2 | 272 | 217.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 3,580 | 2,967.1 | 2,208.1 | 2,307.2 | 2,488.1 | 2,200.1 | 1,921.1 | 1,923.8 | 1,912.6 | 610.9 | 2,047.1 | 1,633.8 | 1,480.5 | 1,259 | 1,946 | 1,214 | 1,360 | 1,383 | 1,089 | 1,002 | 814 | 1,089 | 110 | (519) | 971 | 267 | 972 | 975 | 511 | 587.4 | 529.9 | 500 | 353.8 | 468.3 | 497.9 | 496.4 | 628.9 | 626.8 | 502.5 | 507.2 |
| Per Share Data | ||||||||||||||||||||||||||||||||||||||||
| EPS (Basic) | 6.66 | 5.60 | 4.26 | 4.51 | 4.97 | 4.44 | 3.89 | 3.90 | 3.89 | 1.24 | 4.17 | 3.34 | 3.04 | 2.60 | 4.02 | 2.53 | 2.96 | 3.43 | 2.73 | 2.54 | 2.09 | 2.75 | 0.29 | -1.56 | 3.01 | 0.83 | 3.03 | 5.10 | 2.70 | 3.14 | 2.85 | 2.71 | 1.92 | 2.54 | 2.70 | 2.65 | 3.25 | 3.24 | 2.60 | 2.62 |
| EPS (Diluted) | 6.66 | 5.58 | 4.24 | 4.49 | 4.96 | 4.42 | 3.88 | 3.90 | 3.88 | 1.24 | 4.17 | 3.34 | 3.04 | 2.60 | 4.02 | 2.53 | 2.96 | 3.42 | 2.72 | 2.53 | 2.08 | 2.75 | 0.29 | -1.56 | 3.01 | 0.83 | 3.03 | 5.10 | 2.70 | 3.14 | 2.85 | 2.71 | 1.92 | 2.54 | 2.70 | 2.65 | 3.25 | 3.24 | 2.60 | 2.62 |
| Shares Outstanding | 518.9 | 530.1 | 518.9 | 511.8 | 500.5 | 495.7 | 493.7 | 492.8 | 491.8 | 491.5 | 490.3 | 488.6 | 486.6 | 484.7 | 482.2 | 479.4 | 458.7 | 402.1 | 398.8 | 394.2 | 390.0 | 396 | 379.3 | 332 | 322 | 322 | 321 | 191 | 189.3 | 187.1 | 185.8 | 184.5 | 184.3 | 184.4 | 184.4 | 187.3 | 193.5 | 193.5 | 193.3 | 193.6 |
| 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 | 268 | 202.9 | 330.1 | 509.4 | 403.4 | 392.7 | 246.8 | 234.1 | 214.6 | 210.5 | 176.4 | 163 | 118 | 279 | 221 | 294 | 579 | 497 | 178 | 726 | 528 | 595 | 1,182 | 1,213 | 333 | 437 | 333 | 173 | 91.5 | 57.5 | 80 | 62.9 |
| Short-Term Investments | 220 | 215.4 | 214.3 | 187.5 | 220.4 | 200.8 | 202.7 | 159.1 | 161.7 | 331.7 | 386.8 | 386 | 353 | 324 | 294 | 416 | 363 | 327 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 2,867 | 2,631.9 | 2,447.4 | 2,668 | 1,941.6 | 1,842.7 | 1,705.1 | 1,926.5 | 1,891 | 1,916.7 | 1,640.5 | 1,926 | 1,860 | 1,871 | 1,885 | 2,312 | 1,597 | 1,066 | 1,117 | 1,040 | 1,220 | 1,502 | 1,710 | 2,089 | 1,882 | 3,699 | 2,027 | 1,093 | 856.7 | 706.3 | 700.2 | 588 |
| Inventory | 1,622 | 1,715.1 | 1,879.5 | 1,350.2 | 989.2 | 1,310 | 1,169.2 | 921.1 | 953.2 | 967.3 | 1,339.4 | 1,316.6 | 1,423 | 1,519 | 1,292 | 1,448 | 1,661 | 1,173 | 967 | 913 | 726 | 852 | 889 | 938 | 0 | 0 | 896 | 496 | 488.6 | 487.2 | 523 | 523.4 |
| Other Current Assets | 1,075 | 1,023.5 | 936.6 | 1,805.3 | 4,124.8 | 478.3 | 597.7 | 664.3 | 722.2 | 2,475.2 | 356.9 | 411.2 | 310 | 355 | 274 | 401 | 434 | 586 | 790 | 909 | 1,471 | 1,047 | 1,116 | 1,861 | 10,348 | 17,895 | (40) | 455.7 | 81.3 | 103.9 | 98.7 | 107.1 |
| Total Current Assets | 6,052 | 5,788.8 | 6,082.1 | 6,775.5 | 7,809.2 | 4,351.5 | 4,077.8 | 4,113.9 | 4,253.1 | 6,033.9 | 4,072.4 | 4,478 | 4,310 | 4,589 | 4,182 | 5,016 | 4,756 | 3,775 | 3,052 | 3,588 | 3,945 | 4,021 | 4,897 | 6,101 | 12,563 | 22,031 | 3,216 | 2,217.7 | 1,518.1 | 1,354.9 | 1,401.9 | 1,281.4 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 93,035 | 82,995.7 | 77,313.6 | 73,984.6 | 66,579.6 | 64,768 | 61,095.5 | 55,099.1 | 50,261.5 | 45,639.3 | 46,133.2 | 44,117 | 40,997 | 38,763 | 36,971 | 35,674 | 34,344 | 32,987 | 29,870 | 26,781 | 24,284 | 22,801 | 22,029 | 21,684 | 24,543 | 22,393 | 13,055 | 15,086.5 | 12,991.6 | 12,313.1 | 12,210.6 | 12,083.1 |
| Goodwill | 53 | 52.5 | 52.5 | 52.5 | 52.5 | 52.5 | 52.5 | 52.5 | 52.5 | 52.5 | 52.5 | 91 | 91 | 91 | 76 | 76 | 76 | 76 | 1,117 | 1,040 | 1,220 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8 | 5 | 10 | 24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,502 | 1,710 | 2,089 | 1,882 | 3,699 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 6,114 | 4,949.4 | 4,196.5 | 3,787.2 | 4,419.8 | 3,963.7 | 3,833.8 | 3,395.5 | 3,738.8 | 3,742.3 | 3,856.3 | 4,168.1 | 4,305 | 3,823 | 3,219 | 3,257 | 3,288 | 3,300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 9,206 | 9,291.6 | 9,039.3 | 8,803.5 | 8,807.6 | 7,621.5 | 6,832.7 | 6,141.8 | 6,423.2 | 7,999.7 | 7,568.7 | 7,210.8 | 6,711 | 7,101 | 7,775 | 6,432 | 5,884 | 5,017 | 7,347 | 7,542 | 7,867 | 7,763 | 9,859 | 9,743 | 8,681 | 8,674 | 7,249 | 4,463 | 2,105.6 | 2,215 | 2,289.8 | 2,374.2 |
| Total Non-Current Assets | 111,194 | 97,289.2 | 90,601.9 | 86,627.8 | 79,859.5 | 76,405.7 | 71,814.5 | 64,688.9 | 60,476 | 57,433.8 | 57,610.7 | 55,155 | 52,104 | 49,778 | 48,041 | 45,439 | 43,592 | 41,380 | 37,314 | 34,399 | 32,227 | 30,642 | 31,847 | 28,640 | 34,718 | 32,517 | 18,272 | 17,265.5 | 15,097.2 | 14,530.6 | 14,500.4 | 14,431.3 |
| Total Assets | 117,246 | 103,078 | 96,684 | 93,403.3 | 87,668.7 | 80,757.2 | 75,892.3 | 68,802.8 | 64,729.1 | 63,467.7 | 61,683.1 | 59,633 | 56,414 | 54,367 | 52,223 | 50,455 | 48,348 | 45,155 | 40,366 | 37,987 | 36,172 | 34,663 | 36,744 | 34,741 | 47,281 | 54,548 | 21,488 | 19,483.2 | 16,615.3 | 15,885.5 | 15,902.3 | 15,712.7 |
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Account Payables | 3,429 | 2,637.6 | 2,032.5 | 2,670.8 | 2,054.6 | 1,709.7 | 2,085.8 | 1,874.3 | 2,065.3 | 1,688.5 | 1,418 | 1,258.2 | 1,266 | 1,169 | 1,095 | 1,061 | 1,158 | 1,297 | 1,324 | 1,360 | 1,144 | 1,055 | 1,337 | 1,892 | 2,245 | 2,627 | 1,280 | 618 | 353.3 | 206.2 | 220.1 | 251.2 |
| Short-Term Debt | 4,845 | 5,858.8 | 5,320.7 | 6,598.6 | 4,767.8 | 4,565.4 | 4,437 | 3,608.5 | 3,392.3 | 4,591 | 2,631.8 | 3,849 | 2,306 | 3,226 | 3,157 | 2,731 | 1,940 | 2,522 | 1,452 | 1,287 | 1,163 | 1,302 | 2,105 | 4,066 | 5,455 | 5,485 | 2,090 | 905 | 950.7 | 496.2 | 599.4 | 610.7 |
| Deferred Revenue | 0 | 454.7 | 423.7 | 408.8 | 321.6 | 335.6 | 366.1 | 412.2 | 357 | 343.2 | 346.6 | 324 | 299 | 316 | 996 | 448 | 919 | 904 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 779.9 | 0 | 805.5 | 0 |
| Other Current Liabilities | 3,030 | 1,590.9 | 1,480.7 | 1,423.4 | 3,325.5 | 1,330.7 | 1,574.7 | 1,304.1 | 1,106.7 | 1,600.1 | 1,506.1 | 1,436.3 | 1,174 | 1,170 | 1,148 | 1,371 | 1,383 | 1,673 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | 0 | 0.1 | 0 |
| Total Current Liabilities | 13,314 | 13,009.3 | 11,583.6 | 13,266.3 | 12,426.7 | 9,926.7 | 10,299.1 | 8,648.8 | 8,271.3 | 9,498 | 7,108.5 | 7,967 | 6,112 | 6,823 | 6,611 | 6,518 | 5,327 | 6,297 | 5,207 | 5,456 | 5,460 | 5,007 | 5,982 | 9,790 | 18,099 | 27,067 | 4,670 | 2,801.6 | 2,083.7 | 1,496 | 1,625.1 | 1,834.7 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | 44,706 | 39,307.8 | 37,652.7 | 34,314.6 | 31,300.7 | 28,986.4 | 25,126.8 | 21,648.2 | 19,419.6 | 17,378.4 | 17,740.9 | 16,012 | 16,828 | 15,586 | 15,083 | 15,502 | 15,757 | 15,536 | 14,202 | 12,429 | 11,073 | 11,008 | 12,322 | 8,863 | 9,753 | 9,602 | 10,157 | 6,800 | 5,129.5 | 4,796.8 | 4,920.3 | 4,686.6 |
| Deferred Tax Liabilities | 13,737 | 9,972.4 | 9,415.7 | 8,896.9 | 8,202.5 | 8,240.9 | 7,588.2 | 7,086.5 | 6,813.9 | 11,884.4 | 11,733.2 | 10,892.2 | 10,300 | 9,252 | 8,227 | 7,359 | 6,420 | 5,128 | 4,730 | 4,690 | 4,810 | 4,819 | 3,957 | 4,371 | 5,314 | 5,403 | 3,071 | 2,952.3 | 2,937.2 | 3,047.2 | 3,086.7 | 2,929.5 |
| Other Non-Current Liabilities | 12,543 | 13,298.1 | 12,226.7 | 12,250.6 | 12,565.8 | 12,190.3 | 12,230.4 | 12,359.9 | 11,910.7 | 7,286.8 | 7,195.6 | 7,849.3 | 7,088 | 7,469 | 7,637 | 7,454 | 7,704 | (21,807) | (18,932) | (17,119) | (15,883) | (15,827) | (16,279) | (12,779) | (15,067) | (15,005) | (15,887) | (9,401) | (8,066.7) | (7,841.4) | (8,007) | (7,799.7) |
| Total Non-Current Liabilities | 71,676 | 63,082.6 | 59,814.5 | 56,014.6 | 52,561.8 | 50,056 | 45,680 | 41,094.6 | 38,144.2 | 36,549.6 | 36,669.7 | 34,753.5 | 34,216 | 32,307 | 30,947 | 30,315 | 29,881 | 21,807 | 18,932 | 17,119 | 15,883 | 15,827 | 16,279 | 13,718 | 20,476 | 18,932 | 11,648 | 11,666 | 9,678 | 9,244 | 9,274 | 8,825 |
| Total Liabilities | 84,990 | 76,091.9 | 71,398.1 | 69,347 | 64,988.5 | 59,982.7 | 55,979.1 | 49,743.4 | 46,415.5 | 46,047.6 | 43,778.2 | 42,809 | 40,328 | 39,130 | 37,558 | 36,833 | 35,208 | 34,401 | 30,287 | 28,575 | 27,084 | 26,148 | 28,870 | 26,918 | 37,981 | 46,160 | 16,482 | 14,467.8 | 11,763.8 | 10,740 | 10,899.2 | 10,659.6 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Common Stock | 3,523 | 3,471.6 | 3,427.9 | 3,413.1 | 3,408.7 | 3,359.3 | 3,343.4 | 3,337.4 | 3,329.4 | 3,328.3 | 3,324 | 3,313.3 | 3,303 | 3,289 | 3,274 | 3,257 | 3,239 | 2,771 | 2,743 | 2,718 | 2,699 | 2,632 | 2,626 | 2,261 | 2,153 | 2,152 | 1,320 | 1,305.3 | 1,293.4 | 1,282 | 1,271.6 | 1,262.5 |
| Retained Earnings | 15,441 | 13,869.2 | 12,800.4 | 12,345.6 | 11,667.1 | 10,687.8 | 9,900.9 | 9,325.3 | 8,626.7 | 7,892.4 | 8,398.3 | 7,406.6 | 6,766 | 6,236 | 5,890 | 4,842 | 4,451 | 3,847 | 3,138 | 2,696 | 2,285 | 2,024 | 1,490 | 1,999 | 3,296 | 3,090 | 1,740 | 1,683.6 | 1,605 | 1,547.7 | 1,409.6 | 1,325.6 |
| Accumulated Other Comprehensive Income | 36 | (3.1) | (55.5) | 83.7 | 184.8 | (85.1) | (147.7) | (120.4) | (67.8) | (156.3) | (127.1) | (103.1) | (115) | (337) | (470) | (381) | (374) | (452) | (154) | (223) | (27) | (344) | (426) | (609) | (126) | (103) | 14 | (8,416.4) | (7,963.6) | (7,549.8) | (7,111.1) | (6,826.5) |
| Total Stockholders' Equity | 31,138 | 26,943.8 | 25,246.7 | 23,893.4 | 22,433.2 | 20,550.9 | 19,632.2 | 19,028.4 | 18,287 | 17,397 | 17,891.7 | 16,820.2 | 16,085 | 15,237 | 14,664 | 13,622 | 13,140 | 10,754 | 10,079 | 9,412 | 9,088 | 8,515 | 7,874 | 7,064 | 8,229 | 8,054 | 5,006 | 5,015.4 | 4,851.5 | 5,145.5 | 5,003.1 | 5,053.1 |
| Total Liabilities & Equity | 117,246 | 103,078 | 96,684 | 93,403.3 | 87,668.7 | 80,757.2 | 75,892.3 | 68,802.8 | 64,729.1 | 63,467.7 | 61,683.1 | 59,633 | 56,414 | 54,367 | 52,223 | 50,455 | 48,348 | 45,155 | 40,366 | 37,987 | 36,172 | 34,663 | 36,744 | 34,741 | 47,281 | 54,548 | 21,488 | 19,483.2 | 16,615.3 | 15,885.5 | 15,902.3 | 15,712.7 |
| Debt Metrics | ||||||||||||||||||||||||||||||||
| Total Debt | 50,241 | 45,762.8 | 43,608.5 | 41,579.3 | 36,658.9 | 34,431.5 | 30,532.5 | 25,256.7 | 22,811.9 | 21,969.4 | 20,372.7 | 20,030 | 19,134 | 18,738 | 18,166 | 18,157 | 17,624 | 17,959 | 15,654 | 13,716 | 12,236 | 12,310 | 14,427 | 14,144 | 15,208 | 15,087 | 8,426 | 7,704.4 | 6,080.2 | 5,293 | 5,519.7 | 5,297.3 |
| Net Debt | 49,973 | 45,559.9 | 43,278.4 | 41,069.9 | 36,255.5 | 34,038.8 | 30,285.7 | 25,022.6 | 22,597.3 | 21,758.9 | 20,196.3 | 19,867 | 19,016 | 18,459 | 17,945 | 17,863 | 17,045 | 17,462 | 15,476 | 12,990 | 11,708 | 11,715 | 13,245 | 12,931 | 14,875 | 14,650 | 8,093 | 7,531.4 | 5,988.7 | 5,235.5 | 5,439.7 | 5,234.4 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | 3,580 | 2,975.8 | 2,208.1 | 2,305.6 | 2,488.1 | 2,196.7 | 1,919.8 | 1,931.3 | 1,912.6 | 610.9 | 1,768.6 | 1,638 | 1,473.9 | 1,262 | 211 | 1,218 | 1,365 | 1,368 | 1,089 | 1,002 | 814 | 1,089 | 110 | (519) | 971 | 302 | 520 | 536.2 | 620.4 | 587.4 | 529.9 | 500 |
| Depreciation & Amortization | 3,489 | 3,392.8 | 3,187 | 3,285.7 | 3,046.4 | 2,906.8 | 2,740.1 | 2,400.4 | 2,126.3 | 2,090.9 | 2,154.7 | 1,736.4 | 1,843.1 | 1,918 | 1,792 | 1,780 | 1,660 | 1,571 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 63.3 | 0 | 0 | 0 | 0 | 0 | 66.5 | 0 | 0 | 56.4 | 51.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 341 | 510.3 | (703.5) | (237.7) | (76.6) | (1,191.2) | (335.2) | 765.5 | (404.4) | (396) | 85.8 | 396 | 65 | (161) | 693 | (240) | (1,188) | (440) | (163) | 74 | 442 | 467 | (205) | (1,140) | 740 | (70) | (80) | 63.1 | (38.2) | 9.9 | (105.2) | (2.8) |
| Other Non-Cash Items | (777) | (132.9) | 135.5 | 49.5 | (1,657.6) | (232.2) | 37 | 21.7 | (236.1) | 2,197 | 1.2 | 6.6 | (6.4) | 116.2 | 298 | (884) | (606) | (421) | 1,386 | 1,632 | 556 | 750 | 2,240 | 3,402 | 1,079 | 1,441 | 233 | 388.8 | 622.2 | 661.3 | 620 | 492.7 |
| Operating Cash Flow | 6,944 | 6,804.3 | 5,012.2 | 5,288 | 3,839.9 | 3,832.9 | 4,270.1 | 5,223.2 | 4,270.4 | 4,519.3 | 4,818.5 | 4,613 | 4,106 | 3,804 | 3,788 | 2,662 | 2,475 | 2,576 | 2,388 | 2,732 | 1,877 | 2,597 | 2,308 | 1,677 | 2,953 | 1,503 | 817 | 1,029.5 | 1,197.9 | 1,237.1 | 1,056.6 | 977.7 |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditure | (130) | (7,770.6) | (7,506.5) | (6,772.4) | (5,764.1) | (6,316) | (6,143.7) | (6,357) | (5,799.3) | (4,909.6) | (4,600) | (4,250) | (3,778) | (3,132) | (2,775) | (2,436) | (2,792) | (3,800) | (3,556) | (3,528) | (2,404) | (1,693) | (1,358) | (1,722) | (1,832) | (1,773) | (867) | (792.1) | (760.4) | (577.7) | (606) | (643.5) |
| Acquisitions | (607) | (37.3) | 1,186.2 | (1,207.3) | (767.2) | (6,246.3) | (918.4) | (14.6) | (6.8) | (107.9) | (5.3) | (65) | (32) | (94) | (214) | (2,345) | (273) | (352) | (512) | 186 | (360) | 0 | 0 | 0 | (2,212) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (2,981) | (2,922.5) | (2,863.6) | (2,784.2) | (1,955.1) | (1,678.8) | (1,576) | (2,067.8) | (2,314.7) | (3,002.3) | (2,282.7) | (1,119) | (938) | (1,074) | (1,321) | (1,922) | (853) | (1,922) | (11,086) | (18,359) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 2,935 | 2,992 | 2,795.1 | 2,743.8 | 1,901.4 | 1,644.3 | 1,494.2 | 2,010 | 2,256.3 | 3,015.1 | 2,228 | 1,032 | 858 | 988 | 1,387 | 1,817 | 764 | 1,962 | 11,213 | 18,080 | 0 | 0 | 0 | 1,117 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 118 | 141.9 | 122.1 | 268.3 | 151.1 | 6,362.9 | (0.6) | 75.8 | 2,208.1 | 15.6 | 644.8 | (4) | 72 | (79) | 33 | 2,363 | 238 | 85 | 20 | (122) | 1,759 | 1,317 | (530) | 183 | 612 | 19 | (47) | (1,420.6) | (361.3) | 12.3 | 20.6 | 49.8 |
| Investing Cash Flow | (9,118) | (7,596.5) | (6,266.7) | (7,751.8) | (6,433.9) | (6,233.9) | (7,144.5) | (6,353.6) | (3,656.4) | (4,989.1) | (4,015.2) | (4,406) | (3,818) | (3,391) | (2,890) | (2,523) | (2,916) | (4,027) | (3,921) | (3,743) | (1,005) | (376) | (1,888) | (422) | (3,432) | (1,754) | (914) | (2,212.7) | (1,121.7) | (565.4) | (585.4) | (593.7) |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Net Debt Issuance | 3,545 | 2,060.8 | 1,916.4 | 3,493 | 3,567.7 | 3,865.6 | 4,173.4 | 2,370 | 624.5 | 1,606.4 | 393.7 | 178.4 | 413 | 473 | (104) | 402 | (442) | 2,169 | 1,920 | 1,420 | (91) | (2,238) | (727) | (868) | 499 | 867 | 1,288 | 1,638 | 767.7 | (239.4) | 101.8 | 4.3 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (64) | 0 | 0 | 0 | 0 | 0 | (427) | (10) | (9) | (10) | (5) | (20) | (170) | (0.5) | (433.3) | (70.8) | (158.8) | (35.9) |
| Dividends Paid | (2,008) | (1,903.9) | (1,760.4) | (1,645.2) | (1,519.5) | (1,424.9) | (1,350) | (1,251.1) | (1,191.9) | (1,116.8) | (1,059) | (993.3) | (954) | (916) | (900) | (827) | (761) | (663) | (630) | (591) | (553) | (555) | (618) | (793) | (778) | (805) | (464) | (457.6) | (453.5) | (449.4) | (445.8) | (443.1) |
| Other Financing Activities | (116) | (49.8) | (78.6) | (105.4) | (41.6) | (189) | (25.8) | 43 | (49.7) | 14.3 | (127.7) | 652.4 | 9.4 | 202 | 5 | (7) | (10) | 19 | (24) | (17) | (122) | (64) | (225) | 334 | 747 | 0 | (43) | 0 | 0.1 | 0 | 0 | (0.2) |
| Financing Cash Flow | 2,196 | 659.2 | 1,077 | 2,568.9 | 2,607.1 | 2,406.7 | 2,862.9 | 1,161.9 | (604.9) | 503.9 | (789.4) | (162.5) | (449) | (355) | (971) | (335) | 520 | 1,684 | 1,410 | 911 | (791) | (2,777) | (437) | (263) | 473 | 56 | 257 | 1,264.7 | (42.3) | (694.1) | (454.1) | (363.8) |
| Cash Position | ||||||||||||||||||||||||||||||||
| Net Change in Cash | 22 | (133) | (177.5) | 105.1 | 13.1 | 5.7 | (11.5) | 31.5 | 9.1 | 34.1 | 13.9 | 45 | (161) | 58 | (73) | (196) | 79 | 233 | (123) | (100) | 81 | (556) | (17) | 989 | (9) | (172) | 160 | 81.5 | 34 | (22.5) | 17.1 | 20.3 |
| Cash at Beginning | 246 | 379 | 556.5 | 451.4 | 438.3 | 432.6 | 444.1 | 412.6 | 403.5 | 176.4 | 162.5 | 118 | 279 | 221 | 294 | 490 | 411 | 178 | 301 | 401 | 320 | 976 | 1,199 | 224 | 342 | 609 | 173 | 91.5 | 57.5 | 80 | 62.9 | 42.6 |
| Cash at End | 268 | 246 | 379 | 556.5 | 451.4 | 438.3 | 432.6 | 444.1 | 412.6 | 210.5 | 176.4 | 163 | 118 | 279 | 221 | 294 | 490 | 411 | 178 | 301 | 401 | 420 | 1,182 | 1,213 | 333 | 437 | 333 | 173 | 91.5 | 57.5 | 80 | 62.9 |
| Free Cash Flow | 6,814 | (966.3) | (2,494.3) | (1,484.4) | (1,924.2) | (2,483.1) | (1,873.6) | (1,133.8) | (1,528.9) | (390.3) | 218.5 | 363 | 328 | 672 | 1,013 | 226 | (317) | (1,224) | (1,168) | (796) | (527) | 904 | 950 | (45) | 1,121 | (270) | (50) | 237.4 | 437.5 | 659.4 | 450.6 | 334.2 |
| 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 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||||||||
| Revenue | 21,783 | 19,916.5 | 19,381.5 | 19,314.6 | 16,623.5 | 14,908.2 | 15,535.6 | 16,167.2 | 15,376 | 16,316.6 | 16,395.9 | 16,932 | 15,293 | 14,885 | 15,050 | 14,333 | 13,326 | 14,428 | 13,380 | 12,622 | 12,111 | 14,245 | 14,833 | 13,427 | 12,753 | 36,706 | 24,745 | 11,840 | 5,879.8 | 5,849.2 | 5,670.3 | 5,504.7 | 5,268.8 | 5,044.8 | 5,046.6 | 5,167.5 | 5,140.4 | 4,840.8 | 4,787.6 | 4,842.8 |
| Gross Profit | 6,930 | 6,357 | 5,624.5 | 4,869.9 | 4,670.2 | 4,276.4 | 3,957.1 | 3,855.3 | 4,389.1 | 4,426.2 | 4,283.7 | 4,049 | 3,916 | 3,806 | 3,624 | 3,393 | 3,402 | 3,265 | 3,033 | 2,843 | 2,609 | 6,409 | 8,129 | 8,369 | 7,789 | 7,988 | 7,501 | 8,385 | 4,118 | 4,162.4 | 4,044.8 | 3,759.5 | 5,268.8 | 5,044.8 | 5,046.6 | 5,167.5 | 5,140.4 | 4,840.8 | 4,787.6 | 4,842.8 |
| Operating Income | 5,299 | 4,760.7 | 4,132.2 | 3,400.1 | 3,262.6 | 2,980.9 | 2,722.6 | 2,712.6 | 3,329.7 | 3,408.2 | 3,311.1 | 3,134 | 3,025 | 2,956 | 2,800 | 2,573 | 2,637 | 2,504 | 2,278 | 2,106 | 1,846 | 1,979 | 1,695 | 1,923 | 2,223 | 2,004 | 2,304 | 2,280 | 1,325.6 | 1,350.1 | 1,236.6 | 1,149.5 | 5,268.8 | 5,044.8 | 5,046.6 | 5,167.5 | 5,140.4 | 4,840.8 | 4,787.6 | 4,842.8 |
| Net Income | 3,580 | 2,967.1 | 2,208.1 | 2,307.2 | 2,488.1 | 2,200.1 | 1,921.1 | 1,923.8 | 1,912.6 | 610.9 | 2,047.1 | 1,633.8 | 1,480.5 | 1,259 | 1,946 | 1,214 | 1,360 | 1,383 | 1,089 | 1,002 | 814 | 1,089 | 110 | (519) | 971 | 267 | 972 | 975 | 511 | 587.4 | 529.9 | 500 | 353.8 | 468.3 | 497.9 | 496.4 | 628.9 | 626.8 | 502.5 | 507.2 |
| EPS (Diluted) | 6.66 | 5.58 | 4.24 | 4.49 | 4.96 | 4.42 | 3.88 | 3.90 | 3.88 | 1.24 | 4.17 | 3.34 | 3.04 | 2.60 | 4.02 | 2.53 | 2.96 | 3.42 | 2.72 | 2.53 | 2.08 | 2.75 | 0.29 | -1.56 | 3.01 | 0.83 | 3.03 | 5.10 | 2.70 | 3.14 | 2.85 | 2.71 | 1.92 | 2.54 | 2.70 | 2.65 | 3.25 | 3.24 | 2.60 | 2.62 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 268 | 202.9 | 330.1 | 509.4 | 403.4 | 392.7 | 246.8 | 234.1 | 214.6 | 210.5 | 176.4 | 163 | 118 | 279 | 221 | 294 | 579 | 497 | 178 | 726 | 528 | 595 | 1,182 | 1,213 | 333 | 437 | 333 | 173 | 91.5 | 57.5 | 80 | 62.9 | ||||||||
| Total Assets | 117,246 | 103,078 | 96,684 | 93,403.3 | 87,668.7 | 80,757.2 | 75,892.3 | 68,802.8 | 64,729.1 | 63,467.7 | 61,683.1 | 59,633 | 56,414 | 54,367 | 52,223 | 50,455 | 48,348 | 45,155 | 40,366 | 37,987 | 36,172 | 34,663 | 36,744 | 34,741 | 47,281 | 54,548 | 21,488 | 19,483.2 | 16,615.3 | 15,885.5 | 15,902.3 | 15,712.7 | ||||||||
| Total Debt | 50,241 | 45,762.8 | 43,608.5 | 41,579.3 | 36,658.9 | 34,431.5 | 30,532.5 | 25,256.7 | 22,811.9 | 21,969.4 | 20,372.7 | 20,030 | 19,134 | 18,738 | 18,166 | 18,157 | 17,624 | 17,959 | 15,654 | 13,716 | 12,236 | 12,310 | 14,427 | 14,144 | 15,208 | 15,087 | 8,426 | 7,704.4 | 6,080.2 | 5,293 | 5,519.7 | 5,297.3 | ||||||||
| Stockholders' Equity | 31,138 | 26,943.8 | 25,246.7 | 23,893.4 | 22,433.2 | 20,550.9 | 19,632.2 | 19,028.4 | 18,287 | 17,397 | 17,891.7 | 16,820.2 | 16,085 | 15,237 | 14,664 | 13,622 | 13,140 | 10,754 | 10,079 | 9,412 | 9,088 | 8,515 | 7,874 | 7,064 | 8,229 | 8,054 | 5,006 | 5,015.4 | 4,851.5 | 5,145.5 | 5,003.1 | 5,053.1 | ||||||||
| Cash Flow | ||||||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | 6,944 | 6,804.3 | 5,012.2 | 5,288 | 3,839.9 | 3,832.9 | 4,270.1 | 5,223.2 | 4,270.4 | 4,519.3 | 4,818.5 | 4,613 | 4,106 | 3,804 | 3,788 | 2,662 | 2,475 | 2,576 | 2,388 | 2,732 | 1,877 | 2,597 | 2,308 | 1,677 | 2,953 | 1,503 | 817 | 1,029.5 | 1,197.9 | 1,237.1 | 1,056.6 | 977.7 | ||||||||
| Capital Expenditure | (130) | (7,770.6) | (7,506.5) | (6,772.4) | (5,764.1) | (6,316) | (6,143.7) | (6,357) | (5,799.3) | (4,909.6) | (4,600) | (4,250) | (3,778) | (3,132) | (2,775) | (2,436) | (2,792) | (3,800) | (3,556) | (3,528) | (2,404) | (1,693) | (1,358) | (1,722) | (1,832) | (1,773) | (867) | (792.1) | (760.4) | (577.7) | (606) | (643.5) | ||||||||
| Free Cash Flow | 6,814 | (966.3) | (2,494.3) | (1,484.4) | (1,924.2) | (2,483.1) | (1,873.6) | (1,133.8) | (1,528.9) | (390.3) | 218.5 | 363 | 328 | 672 | 1,013 | 226 | (317) | (1,224) | (1,168) | (796) | (527) | 904 | 950 | (45) | 1,121 | (270) | (50) | 237.4 | 437.5 | 659.4 | 450.6 | 334.2 | ||||||||