AGNC Investment Corp. logo AGNC - AGNC Investment Corp.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 13
HOLD 19
SELL 3
STRONG
SELL 0
| PRICE TARGET: $11.13 DETAILS
HIGH: $12.00
LOW: $10.00
MEDIAN: $11.25
CONSENSUS: $11.13
UPSIDE: 6.71%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2
Revenue
Revenue 1,050 1,258 779 289 (407) 2,798 (534) 967 1,645 (1,661) 1,675 1,233 (241) (565) 1,287 653 1,929 386 389 (344) 1,542 746 1,099 731 (2,235) 1,330 144 (498) 106 (227) 889 502 756 525 485 312 268 1,145 126 (95) (739) 621 (599) 548 (216) (189) 299 63 (139) (48) (678) 1,830 307 897 229 (228) 671 238.3 273.0 194.8 145 144.9 64.9 41.0 56.6 44.7 33.9 32.9 18.7 13.1 21.2 6.8
Cost of Revenue 731 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 48 0 1 0 1 1 1 1 1 25 27 28 29 29 30 0 0 0 0 0 0 0 0 0 0 228 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 319 1,258 779 289 (407) 2,798 (534) 967 1,645 (1,661) 1,675 1,233 (241) (565) 1,287 653 1,929 386 389 (344) 1,542 746 1,099 731 (2,235) 1,330 144 (498) 106 (227) 841 502 755 525 484 311 267 1,144 125 (120) (766) 593 (628) 519 (246) (189) 299 63 (139) (48) (678) 1,830 307 897 229 (456) 671 238.3 273.0 194.8 15.7 144.9 64.9 41.0 56.6 44.7 33.9 32.9 18.7 13.1 21.2 6.8
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 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 34 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 0.7 0 7 6 35 35 36 35 38 42 46 42 40 40 36 6 24.5 21.5 17.0 2.6 6.6 4.6 4.1 3.5 3.6 2.6 2.5 2.4 3.5 1.4 0.9
Other Expenses 0 (434) (775) (242) (1,155) 1,927 (1,712) 285 495 (2,775) 1,379 386 (572) (1,448) 1,757 1,007 2,553 398 163 50 538 (81) 375 (133) (240) (22) (409) (624) (700) 159 313 (28) 125 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120 643 213.8 251 64.0 134 24.4 19.4 16.9 15.5 14.4 11.4 30.4 16.3 4.7 11.6 4.1
Operating Expenses 34 (434) (775) (242) (1,155) 1,927 (1,712) 285 495 (2,775) 1,379 386 (572) (1,448) 1,757 1,007 2,553 398 163 50 538 (81) 375 (133) (240) (22) (409) (624) (700) 159 313 (28) 125 0 0 0 0 0 0 0 0 0.7 0 7 6 35 35 36 35 38 23 1 66 71 138 156 134 114 117 4.5 47 31 24 21 19 18 14 12 11 8.2 13 5
Operating Income
Operating Income 285 1,692 1,554 531 748 871 1,178 682 1,150 1,114 296 847 331 883 (470) (354) (624) (12) 226 (394) 1,004 827 724 864 (1,995) 1,352 553 126 806 (386) 528 530 630 559 426 136 174 1,117 600 (120) (766) 592.3 (628) 512 (252) (224) 264 27 (174) (86) (720) 1,784 265 857 0 (144) 749 303.9 346.5 241.6 169.2 162.9 78.8 54.2 68.7 55.0 42.8 40.0 24.4 21.3 29.9 9.1
Interest Expense 731 738 755 668 687 741 820 698 672 666 646 526 449 322 196 80 27 15 14 17 29 52 62 134 426 481 557 570 541 418 312 237 206 174 140 112 98 98 96 101 99 86 77 81 86 81 88 95 108 120 145 131 140 147 139 120 106 90.1 95.0 63.8 35.6 24.6 18.5 17.3 15.5 14.3 11.6 9.6 8.1 10.3 11.0 3.6
Interest Income 1,050 944 903 830 846 856 756 695 642 640 593 457 351 347 373 395 475 262 293 249 557 235 364 429 491 768 676 693 705 604 500 414 431 386 318 293 296 393 315 318 295 374 295 414 383 331 357 385 399 542 558 545 547 570 520 504 514 352.9 326.8 264.7 164.5 101.0 62.6 50.6 38.8 41.1 32.8 31.7 22.4 17.1 28.1 9.9
Profitability
EBITDA 285 1,692 1,561 528 737 863 1,166 650 1,115 1,078 254 812 298 883 (470) (354) (624) (12) 226 (394) 1,004 827 724 852 (1,995) 1,352 553 126 806 (386) 552 530 631 559 427 137 175 1,118 601 0 0 0 0 0 0 0 0 0 0 0 16 41 (27) (35) 88 (144) 749 303.9 346.5 241.6 169.2 162.9 78.8 54.2 68.7 0 0 0 0 0 0 9.1
EBIT 285 1,692 1,561 528 737 863 1,166 650 1,115 1,078 254 812 298 883 (470) (354) (624) (12) 226 (394) 1,004 827 724 852 (1,995) 1,352 553 126 806 (386) 528 530 630 559 426 136 174 1,117 600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (288) 0 0 155.9 114.0 (66.9) 0 0 0 0 (10.2) (9.4) (3.1) (3.4) (7.6) (2.3) 0
Income Before Tax (148) 954 806 (140) 50 122 346 (48) 443 412 (392) 286 (151) 561 (666) (434) (651) (27) 212 (411) 975 775 662 718 (2,421) 871 (4) (444) 265 (804) 216 293 424 385 286 24 76 1,019 511 (135) (772) 588 (633) 512 (252) (322) 197 32 (141) (97) (701) 1,829 241 825 91 (264) 643 213.8 251.5 177.8 134 138.3 60.3 36.9 53.1 53.1 31.2 30.4 16.3 0 18.9 0
Income Tax Expense 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 (13) (13) 1,989 (777) 115 0 (289) (405) 0 471 346 0 (7) 0 0 588 (633) 512 (252) (224) 0 27 0 3 0 0 10 15 5 (3) 2 5.1 1.1 0 (80.4) 0.2 0.2 0 0 12.5 0 0 0 10.3 0 (5.5)
Net Income (148) 954 806 (140) 50 122 346 (48) 443 412 (392) 286 (151) 561 (666) (434) (651) (27) 212 (411) 975 775 662 718 (2,421) 871 (4) (444) 265 (804) 216 293 424 385 286 24 76 1,019 511 (135) (772) 588 (633) 512 (252) (322) 197 32 (141) (100) (701) 1,829 231 810 86 (261) 641 208.7 250.4 177.8 133.5 138.1 60.0 36.9 53.1 40.7 31.2 30.4 16.3 11.0 18.9 5.5
Per Share Data
EPS (Basic) -0.17 0.89 0.73 -0.17 0.02 0.10 0.39 -0.11 0.59 0.57 -0.68 0.43 -0.31 0.94 -1.31 -0.87 -1.29 -0.10 0.36 -0.83 1.78 1.38 1.15 1.24 -4.46 1.56 -0.03 -0.85 0.48 -1.61 0.45 0.70 1.06 0.96 0.74 0.05 0.21 3.06 1.52 -0.43 -2.33 1.70 -1.84 1.43 -0.73 -0.93 0.54 0.08 -0.41 -0.28 -1.80 4.60 0.64 2.37 0.25 -0.87 2.66 0.99 1.39 1.36 1.48 1.53 1.69 1.23 2.13 1.63 1.82 2.02 1.09 0.73 1.26 0.37
EPS (Diluted) -0.17 0.89 0.72 -0.17 0.02 0.09 0.39 -0.11 0.59 0.56 -0.68 0.43 -0.31 0.93 -1.31 -0.87 -1.29 -0.10 0.35 -0.83 1.77 1.37 1.15 1.24 -4.46 1.56 -0.03 -0.85 0.47 -1.62 0.45 0.70 1.06 0.95 0.74 0.05 0.21 3.06 1.52 -0.43 -2.33 1.70 -1.84 1.43 -0.73 -0.93 0.54 0.08 -0.41 -0.28 -1.80 4.60 0.64 2.37 0.25 -0.87 2.66 0.99 1.39 1.36 1.48 1.53 1.69 1.23 2.13 1.63 1.82 2.02 1.09 0.73 1.26 0.37
Shares Outstanding 1,122.6 1,089.3 1,119.4 800.1 3,061.1 1,287.5 892.3 436.4 755.0 732.5 576.4 671.6 483.3 600.1 508.4 497.5 504.7 262.5 605.7 495.2 550.8 565.3 575.7 580.5 542.8 556.7 128.6 522.4 563.8 497.6 482.4 418.6 400 403.3 386.5 489.0 364.6 333.3 336.2 314.0 331.3 345.7 344.0 357.0 343.4 345.3 365.8 418.1 347.4 358.7 390.6 396.4 356.2 340.3 332.8 301 241 210.3 180.7 130.5 90.3 90.3 35.5 29.9 25.0 25.0 17.2 15.0 15.0 15 15.0 14.9
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1
Current Assets
Cash & Cash Equivalents 493 450 450 656 455 505 507 530 505 1,771 1,882 1,623 2,839 2,334 3,162 2,239 2,091 1,525 1,445 1,570 1,776 2,324 2,414 2,165 3,267 1,282 906 870 929 921 1,071 863 972 1,046 1,098 1,122 1,073 1,208 1,254 1,131 1,109 150.1 105.3 202.8 69.2 53.8
Short-Term Investments 0 152 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 0 0 0 0
Net Receivables 0 16,767 1,502 0 1 0 1,706 0 5 11,618 9,211 8,138 9,275 6,742 8,746 10,444 12,962 10,475 9,889 12,126 16,853 11,958 8,635 8,433 4,938 10,181 105 679 439 489 524 31 0 0 521 353 688 21 228 0 0 392.6 388.5 90.4 87.5 48.6
Inventory 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 (1,014) (1,584) (1,209) (1,361) (1,392) (936) 0 0 (998) (828) (1,112) (450) (970) 0 0 0 0 0 0 0
Other Current Assets 1,864 (16,767) (1,952) (656) (456) (505) (2,213) (530) (510) (13,389) (11,093) (9,761) (12,114) (9,076) (11,908) (12,683) (15,053) (12,000) (11,334) (13,696) (18,629) (14,282) (11,049) (10,598) (8,205) (11,463) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 2,357 602 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,011 1,549 1,368 1,410 1,595 894 972 1,046 1,619 1,475 1,761 1,229 1,482 1,131 1,109 542.7 493.7 293.2 156.7 102.4
Non-Current Assets
Property, Plant & Equipment 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 0 0 0 0 0 0
Goodwill 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 526 0 0 0 526 0 0 0 526 526 0 0 0 0 0 0 0
Intangible Assets 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 0 526 550 550 25 552 553 554 28 29 0 0 0 0 0 0 0
Long-Term Investments 7,663 193 8,010 6,002 7,262 5,577 5,792 4,849 6,026 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100,898 94,423 95,391 84,333 72,474 57,153 55,948 57,109 53,095 46,570 45,047 46,681 47,401 54,551 56,093 7,166.4 5,240.3 4,300.1 2,631.9 2,257.5
Other Non-Current Assets 108,351 0 (8,536) (6,528) (7,788) (6,103) (6,318) (5,375) (6,552) (526) (526) (526) (526) (526) (526) (526) (526) (526) (526) (526) (526) (526) (526) (526) (526) (526) (101,424) (94,949) (95,917) (84,859) (73,000) (57,703) (56,498) (57,660) (53,647) (47,123) (45,601) (47,235) (47,956) (54,551) (56,093) (7,166.4) (5,240.3) (4,300.1) (2,631.9) (2,257.5)
Total Non-Current Assets 116,540 719 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 101,424 94,949 95,917 84,859 73,000 57,703 56,498 57,660 53,647 47,123 45,601 47,235 47,956 54,551 56,093 7,166.4 5,240.3 4,300.1 2,631.9 2,257.5
Total Assets 118,897 115,077 108,969 102,021 95,889 88,015 89,590 79,685 71,876 71,596 69,991 60,518 66,111 51,748 58,524 61,240 66,394 68,149 68,805 75,055 85,545 81,817 79,968 89,853 85,137 113,082 109,761 106,576 118,807 109,241 92,031 73,138 69,221 70,376 65,490 56,711 56,838 56,880 55,889 60,475 62,396 7,755.5 5,770.0 4,625.7 2,803.8 2,385.3
Current Liabilities
Account Payables 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 0 368 917 795 518 650 450 670 299 183 133 117 211 71 71 72 201.8 2.3 180.3 1.2 1.4
Short-Term Debt 104,648 101,738 0 0 0 0 0 0 0 61,320 61,129 49,999 57,253 42,796 47,775 51,418 54,992 57,078 55,428 59,657 69,521 64,093 62,938 77,614 67,726 96,303 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 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 (87,741) (83,087) (83,118) (72,458) (62,122) (45,170) (44,726) (45,500) (40,807) (34,326) (34,114) (35,612) (35,471) (40,181) (43,664) 0 0 0 0 0
Other Current Liabilities 0 884 (1,395) (556) (1,991) (217) (458) (333) (754) 325 1,252 2,437 648 888 2,208 1,438 1,688 568 2,386 4,568 3,281 6,466 6,105 1,682 3,561 3,082 (3,194) (979) (1,232) (1,310) (650) (1,590) (670) (299) (1,450) (2,076) (759) (211) (317) (2,654) (962) (252.5) (477.1) (219.2) (135.6) (222.4)
Total Current Liabilities 105,763 102,622 0 0 0 0 0 0 0 61,645 62,381 52,436 57,901 43,684 49,983 52,856 56,680 57,646 57,814 64,225 72,802 70,559 69,043 79,296 71,287 99,385 368 917 795 518 650 450 670 299 183 133 117 211 71 71 72 201.8 2.3 2.0 1.6 1.4
Non-Current Liabilities
Long-Term Debt 0 56 58 60 62 64 69 71 76 80 80 87 92 95 98 107 116 126 134 148 790 177 192 204 3,914 2,650 238 251 266 275 291 313 336 357 380 405 434 3,497 3,531 3,565 3,599 0 0 0 0 0
Deferred Tax Liabilities 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 0 0 0 0 0 0
Other Non-Current Liabilities 513 (56) (58) (60) (62) (64) (69) (71) (76) (80) (80) (87) (92) (95) (98) (107) (116) (126) (134) (148) (790) (177) (192) (204) (3,914) (2,650) (238) (251) (266) (275) (291) (313) (336) (357) (380) (405) (434) (3,497) (3,531) (3,565) (3,599) 0 0 0 0 0
Total Non-Current Liabilities 513 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 238 251 266 275 291 313 336 357 380 405 434 3,497 3,531 3,565 3,599 0 0 0 0 0
Total Liabilities 106,716 102,684 97,525 91,674 85,847 78,253 79,934 71,033 63,298 63,339 62,541 52,640 58,319 43,878 51,302 53,200 57,464 57,858 58,126 64,387 74,181 70,738 69,248 79,503 75,339 102,041 99,548 96,230 108,306 99,335 82,404 64,096 60,883 61,622 56,699 48,966 49,546 49,524 47,958 52,773 54,736 201.8 2.3 2.0 1.6 1.4
Stockholders' Equity
Common Stock 11 11 11 10 9 9 8 8 7 7 6 6 6 6 6 5 5 5 5 5 5 5 5 6 6 5 5 5 5 5 5 4 4 4 4 4 3 3 3 3 3 0.3 0.3 0.2 0.1 0.1
Retained Earnings (9,123) (8,524) (9,038) (9,422) (8,872) (8,554) (8,320) (8,338) (7,990) (8,148) (8,283) (7,633) (7,674) (7,284) (7,610) (6,726) (6,078) (5,214) (4,973) (4,972) (4,348) (5,106) (5,661) (6,100) (6,592) (3,886) (4,473) (4,194) (3,467) (3,433) (2,343) (2,299) (2,358) (2,562) (2,729) (2,800) (2,628) (2,518) (3,350) (3,669) (3,329) 25.4 35.6 19.9 9.1 1.2
Accumulated Other Comprehensive Income (331) (323) (389) (450) (498) (591) (412) (612) (594) (517) (808) (595) (530) (672) (807) (435) (190) 301 411 405 482 719 834 764 561 97 82 (164) (543) (943) (1,304) (1,111) (966) (345) (140) (230) (351) (397) 1,010 1,100 718 28.2 7.6 19.2 16.3 1.6
Total Stockholders' Equity 12,181 12,393 11,444 10,347 10,042 9,762 9,656 8,652 8,578 8,257 7,450 7,878 7,792 7,870 7,222 8,040 8,930 10,291 10,679 10,668 11,364 11,079 10,720 10,350 9,798 11,041 10,213 10,346 10,501 9,906 9,627 9,042 8,338 8,754 8,791 7,745 7,292 7,356 7,931 7,702 7,660 792.4 613.1 546.8 311.4 289.0
Total Liabilities & Equity 118,897 115,077 108,969 102,021 95,889 88,015 89,590 79,685 71,876 71,596 69,991 60,518 66,111 51,748 58,524 61,240 66,394 68,149 68,805 75,055 85,545 81,817 79,968 89,853 85,137 113,082 109,761 106,576 118,807 109,241 92,031 73,138 69,221 70,376 65,490 56,711 56,838 56,880 55,889 60,475 62,396 7,755.5 5,770.0 4,625.7 2,803.8 2,385.3
Debt Metrics
Total Debt 104,648 101,794 58 60 62 64 69 71 76 61,400 61,209 50,086 57,345 42,891 47,873 51,525 55,108 57,204 55,562 59,805 70,311 64,270 63,130 77,818 71,640 98,953 238 251 266 275 291 313 336 357 380 405 434 3,497 3,531 3,565 3,599 0 0 0 0 0
Net Debt 104,155 101,344 (392) (596) (393) (441) (438) (459) (429) 59,629 59,327 48,463 54,506 40,557 44,711 49,286 53,017 55,679 54,117 58,235 68,535 61,946 60,716 75,653 68,373 97,671 (668) (619) (663) (646) (780) (550) (636) (689) (718) (717) (639) 2,289 2,277 2,434 2,490 (150.1) (105.3) (202.8) (69.2) (53.8)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (148) 954 806 (140) 50 122 346 (48) 443 412 (392) 286 (151) 561 (666) (434) (651) (27) 212 (411) 975 775 662 718 (2,421) 871 (4) (444) 265 (804) 216 293 424 385 286 24 76 1,019 511 (135) (772)
Depreciation & Amortization 0 (18) 126 0 0 0 0 0 37 81 0 0 120 55 (41.8) (0.1) (0.1) 369 0 0 (76) 1,082 0 0 384 601 0 0 142 331 24 0 1 378 1 1 1 1 1 0 169
Stock-Based Compensation (6) 13 9 8 (4) 8 5 6 (1) 5 3 4 (1) 10.6 4 4 (6) 5 6 5 3 6 5 4 3 5 3 3 2 1 2 2 1 1 2 0 0 1 1 0 0
Change in Working Capital 56 60 (34) 8 26 (1) 27 (27) 38 2 1 (18) 27 28 28 23 28 6 27 (76) (3) (20) 66 (69) (82) 22 (52) (54) 40 (2) 134 (117) 6 33 (8) 22 116 33 15 2 30
Other Non-Cash Items 485 (881) (754) 304 120 (50) (371) 49 (497) (519) 336 (333) 31 (550) 901.8 729.1 1,000.1 392 148 825 (547) (1,433) (172) (224) 2,847 (525) 296 730 22 1,078 54 (56) (144) (94) (25) 242 197 (730) (186) 459 935
Operating Cash Flow 387 128 153 180 192 79 7 (20) 20 (31) (52) (61) 26 94 226 322 371 376 393 343 428 410 561 429 347 373 243 235 329 273 430 122 288 325 256 289 390 323 341 326 362
Investing Activities
Capital Expenditure 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 0
Acquisitions 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 (555) 0 0
Purchases of Investments (44,707) (20,635) (2,897) (23,609) (6,919) (15,533) (4,490) (14,090) (10,452) (10,854) (22,127) (13,989) (16,145) (15,584) (12,098) (15,920) (11,907) (14,891) (18,740) (16,961) (18,839) (13,905) (7,126) (18,251) (44,335) (9,186) (17,650) (24,854) (24,087) (17,202) (24,652) (9,270) (3,863) (13,452) (17,862) (10,618) (6,846) (5,167) (4,500) (7,772) (8,109)
Sales/Maturities of Investments 43,580 19,166 (6,625) 23,696 2,496 23,909 (8,244) 6,904 10,645 14,926 12,966 18,286 6,775 17,717 14,516 15,306 15,157 14,869 18,292 18,136 20,698 19,052 22,995 16,988 62,637 14,011 10,640 13,672 11,274 11,619 9,894 11,160 4,919 10,252 12,534 8,837 9,256 6,391 11,092 10,567 7,150
Other Investing Activities (868) (9,887) 4,185 (3,531) (1,304) (3,450) 3,118 125 389 (2,572) (782) 1,045 (2,201) 1,035 911 2,224 (169) (857) 2,362 4,822 (5,055) (3,120) (680) (3,005) 5,275 (4,052) 2,795 11,693 1,526 (5,396) (2,894) (2,482) 231 (1,734) (2,024) 1,571 (1,242) (1,501) (2,296) 464 (1,874)
Investing Cash Flow (1,995) (11,356) (5,337) (3,444) (5,727) 4,926 (9,616) (7,061) 582 1,500 (9,943) 5,342 (11,571) 3,168 3,329 1,610 3,081 (879) 1,914 5,997 (3,196) 2,027 15,189 (4,268) 23,577 773 (4,215) 511 (11,287) (10,979) (17,652) (592) 1,287 (4,934) (7,352) (210) 1,168 (277) 4,296 3,259 (2,833)
Financing Activities
Net Debt Issuance (57) (3) (3) (2) (4) (3) (4) (4) (4) (3) (4) (5) (5) (5) (2,852) (7) (7) (10) (13) (14) (12) (18) (15,134) 3,132 (16) (13) 4,332 (15) 10,955 9,968 16,874 (139) (21) 4,767 (25) (342) (1,507) (35) (36) (33) (747)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (42) 0 0 (239) (87) (144) (147) 0 (175) (103) 0 0 0 0 0 0 173 0 0 0 0 0 0 (116)
Dividends Paid (451) (428) (416) (394) (363) (348) (318) (293) (282) (272) (252) (243) (238) (228) (214) (214) (213) (214) (214) (213) (219) (222) (223) (248) (277) (276) (276) (289) (298) (275) (252) (227) (220) (215) (203) (191) (186) (187) (199) (205) (208)
Other Financing Activities 2,330 9,673 4,999 3,015 5,340 (5,181) 9,031 6,977 (455) (1,681) 10,078 (6,355) 12,122 (4,044) 0 (1,613) (2,666) 849 (2,205) (6,319) 2,690 (2,200) 0 0 (22,642) (1,430) 0 (419) 0 0 0 788 (1,339) 5 7,092 (505) (41) 130 (4,279) (3,325) 3,541
Financing Cash Flow 2,223 11,059 5,223 3,418 5,482 (5,020) 9,489 7,114 (500) (1,580) 10,254 (6,497) 12,050 (4,090) (2,632) (1,784) (2,886) 583 (2,432) (6,546) 2,220 (2,527) (15,501) 2,737 (21,939) (1,504) 3,953 (533) 10,884 10,699 17,439 422 (1,580) 4,552 7,599 (535) (1,734) (92) (4,514) (3,563) 2,470
Cash Position
Net Change in Cash 615 (169) 39 154 (53) (15) (120) 33 102 (111) 259 (1,216) 505 (828) 923 148 566 80 (125) (206) (548) (90) 249 (1,102) 1,985 (358) (19) 213 (74) (7) 217 (48) (5) (52) (24) 49 (135) (46) 123 22 (1)
Cash at Beginning 1,742 1,911 1,872 1,718 1,771 1,786 1,906 1,873 1,771 1,882 1,623 2,839 2,334 3,162 2,239 2,091 1,525 1,445 1,570 1,776 2,324 2,414 2,165 3,267 1,282 1,640 1,659 1,446 1,520 1,527 1,310 1,358 1,363 1,098 1,122 1,073 1,208 1,254 1,131 1,109 1,110
Cash at End 2,357 1,742 1,911 1,872 1,718 1,771 1,786 1,906 1,873 1,771 1,882 1,623 2,839 2,334 3,162 2,239 2,091 1,525 1,445 1,570 1,776 2,324 2,414 2,165 3,267 1,282 1,640 1,659 1,446 1,520 1,527 1,310 1,358 1,046 1,098 1,122 1,073 1,208 1,254 1,131 1,109
Free Cash Flow 387 128 153 180 192 79 7 (20) 20 (31) (52) (61) 26 94 226 322 371 376 393 343 428 410 561 429 347 373 243 235 329 273 430 122 288 325 256 289 390 323 341 326 362
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2
Income Statement
Revenue 1,050 1,258 779 289 (407) 2,798 (534) 967 1,645 (1,661) 1,675 1,233 (241) (565) 1,287 653 1,929 386 389 (344) 1,542 746 1,099 731 (2,235) 1,330 144 (498) 106 (227) 889 502 756 525 485 312 268 1,145 126 (95) (739) 621 (599) 548 (216) (189) 299 63 (139) (48) (678) 1,830 307 897 229 (228) 671 238.3 273.0 194.8 145 144.9 64.9 41.0 56.6 44.7 33.9 32.9 18.7 13.1 21.2 6.8
Gross Profit 319 1,258 779 289 (407) 2,798 (534) 967 1,645 (1,661) 1,675 1,233 (241) (565) 1,287 653 1,929 386 389 (344) 1,542 746 1,099 731 (2,235) 1,330 144 (498) 106 (227) 841 502 755 525 484 311 267 1,144 125 (120) (766) 593 (628) 519 (246) (189) 299 63 (139) (48) (678) 1,830 307 897 229 (456) 671 238.3 273.0 194.8 15.7 144.9 64.9 41.0 56.6 44.7 33.9 32.9 18.7 13.1 21.2 6.8
Operating Income 285 1,692 1,554 531 748 871 1,178 682 1,150 1,114 296 847 331 883 (470) (354) (624) (12) 226 (394) 1,004 827 724 864 (1,995) 1,352 553 126 806 (386) 528 530 630 559 426 136 174 1,117 600 (120) (766) 592.3 (628) 512 (252) (224) 264 27 (174) (86) (720) 1,784 265 857 0 (144) 749 303.9 346.5 241.6 169.2 162.9 78.8 54.2 68.7 55.0 42.8 40.0 24.4 21.3 29.9 9.1
Net Income (148) 954 806 (140) 50 122 346 (48) 443 412 (392) 286 (151) 561 (666) (434) (651) (27) 212 (411) 975 775 662 718 (2,421) 871 (4) (444) 265 (804) 216 293 424 385 286 24 76 1,019 511 (135) (772) 588 (633) 512 (252) (322) 197 32 (141) (100) (701) 1,829 231 810 86 (261) 641 208.7 250.4 177.8 133.5 138.1 60.0 36.9 53.1 40.7 31.2 30.4 16.3 11.0 18.9 5.5
EPS (Diluted) -0.17 0.89 0.72 -0.17 0.02 0.09 0.39 -0.11 0.59 0.56 -0.68 0.43 -0.31 0.93 -1.31 -0.87 -1.29 -0.10 0.35 -0.83 1.77 1.37 1.15 1.24 -4.46 1.56 -0.03 -0.85 0.47 -1.62 0.45 0.70 1.06 0.95 0.74 0.05 0.21 3.06 1.52 -0.43 -2.33 1.70 -1.84 1.43 -0.73 -0.93 0.54 0.08 -0.41 -0.28 -1.80 4.60 0.64 2.37 0.25 -0.87 2.66 0.99 1.39 1.36 1.48 1.53 1.69 1.23 2.13 1.63 1.82 2.02 1.09 0.73 1.26 0.37
Balance Sheet
Cash & Equivalents 493 450 450 656 455 505 507 530 505 1,771 1,882 1,623 2,839 2,334 3,162 2,239 2,091 1,525 1,445 1,570 1,776 2,324 2,414 2,165 3,267 1,282 906 870 929 921 1,071 863 972 1,046 1,098 1,122 1,073 1,208 1,254 1,131 1,109 150.1 105.3 202.8 69.2 53.8
Total Assets 118,897 115,077 108,969 102,021 95,889 88,015 89,590 79,685 71,876 71,596 69,991 60,518 66,111 51,748 58,524 61,240 66,394 68,149 68,805 75,055 85,545 81,817 79,968 89,853 85,137 113,082 109,761 106,576 118,807 109,241 92,031 73,138 69,221 70,376 65,490 56,711 56,838 56,880 55,889 60,475 62,396 7,755.5 5,770.0 4,625.7 2,803.8 2,385.3
Total Debt 104,648 101,794 58 60 62 64 69 71 76 61,400 61,209 50,086 57,345 42,891 47,873 51,525 55,108 57,204 55,562 59,805 70,311 64,270 63,130 77,818 71,640 98,953 238 251 266 275 291 313 336 357 380 405 434 3,497 3,531 3,565 3,599 0 0 0 0 0
Stockholders' Equity 12,181 12,393 11,444 10,347 10,042 9,762 9,656 8,652 8,578 8,257 7,450 7,878 7,792 7,870 7,222 8,040 8,930 10,291 10,679 10,668 11,364 11,079 10,720 10,350 9,798 11,041 10,213 10,346 10,501 9,906 9,627 9,042 8,338 8,754 8,791 7,745 7,292 7,356 7,931 7,702 7,660 792.4 613.1 546.8 311.4 289.0
Cash Flow
Operating Cash Flow 387 128 153 180 192 79 7 (20) 20 (31) (52) (61) 26 94 226 322 371 376 393 343 428 410 561 429 347 373 243 235 329 273 430 122 288 325 256 289 390 323 341 326 362
Capital Expenditure 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 0
Free Cash Flow 387 128 153 180 192 79 7 (20) 20 (31) (52) (61) 26 94 226 322 371 376 393 343 428 410 561 429 347 373 243 235 329 273 430 122 288 325 256 289 390 323 341 326 362