Assured Guaranty Ltd. logo AGO - Assured Guaranty Ltd.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $80.00 DETAILS
HIGH: $80.00
LOW: $80.00
MEDIAN: $80.00
CONSENSUS: $80.00
UPSIDE: 4.04%
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 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2
Revenue
Revenue 261 213 199 278 325 152 252 194 226 282 154 357 230 305 22 77 280 184 191 167 156 377 250 341 117 295 202 233 190 211 279 218 289 276 620 296 459 443 318 392 227 737 366 476 376 898 475 328 38 556 630 322 (246) 193 304 587 (321) 78.9 1,444 116.3 278.9 46.9 347.5 424.8 664.0 570.5 283.8 (169.5) 243.1 (179.9) 29.8 842.7 (139.4) (308.4) (134.3) 65.6 76.1 89.7 78.9 80.2 73.3 77.7 79.5 60.9 76.4 99.5 90.8 37.5 120.1 183.7 121.5
Cost of Revenue 24 18 (24) 33 45 34 (46) 1 5 6 104 58 7 48 (71) (8) 61 (162) (65) (12) 33 78 77 41 23 23 33 3 52 25 20 48 (13) 40 228 76 63 117 (5) 107 94 111 117 194 22 85 (40) 60 46 89 59 63 (45) 64 90 123 247 194.3 219 129.7 37.3 (1,144.7) 162.9 133.3 173.4 (268.5) 251.9 88.8 113.7 0 104.2 50.0 67.0 9.1 12.4 39.5 14.9 12.3 12.2 17.8 11.2 10.6 13.8 70.8 19.6 14.9 18.4 68.4 36.8 68.5 55.2
Gross Profit 237 195 223 245 280 118 298 193 221 276 50 299 223 257 93 85 219 346 256 179 123 299 173 300 94 272 169 230 138 186 259 170 302 236 392 220 396 326 323 285 133 626 249 282 354 813 515 268 (8) 467 571 259 (201) 129 214 464 (568) (115.4) 1,225 (13.4) 241.6 1,191.6 184.6 291.5 490.6 839.0 31.9 (258.3) 129.3 (179.9) (74.3) 792.8 (206.5) (317.5) (146.7) 26.2 61.2 77.4 66.7 62.3 62.1 67.1 65.7 (9.9) 56.8 84.6 72.4 (31.0) 83.3 115.2 66.3
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 108 0 50 50 60 49 47 48 58 52 47 70 82 69 57 59 73 57 59 54 60 61 57 46 64 0 38 39 41 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 2.5 0.2 2.1 0.3 0.6 (1.4) 1.0 1.2 0 1.1 (0.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 95 30 38 62 (9) 39 31 51 19 22 (199) 85 21 89 58 48 53 (43) 192 0 48 64 37 32 92 134 45 9 39 85 84 83 85 80 79 70 24 55 (157) 84 68 42 77 (127) 88 57 27 50 (77) (22) 35 (70) 11 34 35 (90) 128 31.3 170 77.9 28.4 696.6 32.9 34.5 37.3 0 59.8 21.0 29.0 83.1 26.6 27.2 35.2 50.1 26.3 (11.3) 20.9 26.4 22.1 8.3 21.7 25.1 19.5 (94.5) (0.0) 22.4 18.4 (86.0) 21.2 13.4 11.7
Operating Expenses 203 30 88 112 51 88 78 99 77 74 (152) 155 103 158 115 107 126 14 251 54 108 125 94 78 156 134 83 48 80 85 84 83 85 80 79 70 24 55 (157) 84 68 42 77 (127) 88 57 27 50 (77) (22) 35 (70) 11 34 35 (90) 128 31.3 170 77.9 28.4 696.6 32.9 34.5 37.3 2.5 60.0 23.0 29.2 83.5 25.2 28.2 36.4 50.1 27.5 (12.2) 20.9 26.4 22.1 8.3 21.7 25.1 19.5 (94.5) (0.0) 22.4 18.4 (86.0) 21.2 13.4 11.7
Operating Income
Operating Income 34 165 135 133 229 30 220 94 144 202 202 144 120 99 (22) (22) 93 332 5 125 15 174 79 222 (62) 138 86 182 58 101 175 87 217 156 313 150 372 271 480 201 65 584 172 409 266 756 488 218 69 489 536 329 (212) 95 179 554 (696) (146.7) 1,055 (91.4) 213.2 493.2 151.7 257.0 453.3 (70.1) (28.1) (281.3) 100.1 (26) (99.5) 764.5 (242.8) (367.6) (174.1) 38.3 40.3 51.0 44.5 54.0 40.5 42.0 46.3 84.6 56.8 62.2 53.9 55.0 62.2 101.9 54.7
Interest Expense 22 22 22 23 22 23 22 23 23 23 24 22 21 21 20 20 20 20 23 23 21 21 21 21 22 22 22 22 23 23 23 24 24 24 24 25 24 25 26 25 26 25 25 26 25 25 27 20 20 19 21 21 21 21 21 25 25 24.7 25 24.7 24.8 24.8 24.9 24.8 25.1 25.3 25.2 6.5 5.8 5.8 5.8 5.8 5.8 5.8 5.9 5.8 6.0 3.7 3.4 3.4 3.4 3.4 3.4 3.4 3.3 3.4 3.4 2.5 1.4 1.4 1.4
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 70 71 0 0 0 0 0 90 112 100 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
Profitability
EBITDA 34 187 157 156 251 53 242 117 167 225 226 166 141 120 (2) (2) 113 352 28 148 36 195 100 243 (40) 160 108 204 81 124 198 111 241 180 337 175 396 296 506 226 91 609 197 435 291 781 515 238 89 508 557 350 (191) 116 200 579 (671) (122.0) 1,080 (66.7) 237.9 (247.8) 176.5 281.8 478.4 363.4 (2.9) (274.8) 105.9 (305.2) (93.7) 770.4 (235.8) (361.4) (167.4) 45.3 46.6 56.4 49.3 58.8 45.4 47.2 51.4 89.8 61.7 67.9 59.0 59.6 66.4 103.3 56.1
EBIT 34 187 157 156 251 53 242 117 167 225 226 166 141 120 (2) (2) 113 352 28 148 36 195 100 243 (40) 160 108 204 81 124 198 111 241 180 337 175 396 296 506 226 91 609 197 435 291 781 515 238 89 508 557 350 (191) 116 200 579 (671) (122.0) 1,080 (66.7) 237.9 (247.8) 176.5 281.8 478.4 367.5 (2.9) (274.8) 105.9 (304.0) (93.7) 770.4 (237.0) (361.7) (168.3) 44.2 46.4 54.6 47.9 57.4 43.8 45.4 49.7 88.0 60.1 65.6 57.3 57.6 63.6 103.3 56.1
Income Before Tax 65 165 135 133 229 30 220 94 144 202 202 144 120 99 (22) (22) 93 332 5 125 15 174 79 222 (62) 138 86 182 58 101 175 87 217 156 313 150 372 271 480 201 65 584 172 409 266 756 488 218 69 489 536 329 (212) 95 179 554 (696) (146.7) 1,055 (91.4) 213.2 (272.6) 151.7 257.0 453.3 342.2 (28.1) (281.3) 100.1 (309.8) (99.5) 764.5 (242.8) (367.6) (174.1) 38.3 40.3 51.0 44.5 54.0 40.5 42.0 46.3 84.6 56.8 62.2 53.9 55.0 62.2 101.9 54.7
Income Tax Expense (20) 27 21 27 44 8 44 13 31 (177) 43 18 23 17 (27) 3 18 50 (15) 23 0 25 (10) 34 (4) 2 17 40 4 13 14 12 20 104 105 (3) 55 74 1 55 6 155 43 112 65 224 133 59 27 140 152 110 (68) 21 37 177 (213) (63.1) 294 (48.3) 73.9 (115.1) (12.9) 77.8 119.8 121.4 12.2 (111.3) 14.6 (66.1) (36.2) 219.3 (73.6) (107.5) (59.2) 5.5 1.4 8.5 6.6 9.5 5.6 3.8 7.1 17.8 12.4 13.9 9.4 11.9 15.3 4.6 12.0
Net Income 88 119 105 103 176 18 171 78 109 376 157 125 81 94 11 (47) 66 263 17 98 11 148 86 183 (55) 137 69 142 54 88 161 75 197 52 208 153 317 197 479 146 59 429 129 297 201 532 355 159 42 349 384 219 (144) 74 142 377 (483) (83.6) 761 (43.1) 139.3 (157.5) 164.6 179.1 333.5 216.7 (35.0) (170.0) 85.5 (243.8) (63.3) 545.2 (169.2) (260.1) (115.0) 32.8 39.0 42.4 37.9 44.5 34.9 38.2 39.2 66.8 44.3 48.3 44.5 43.1 46.9 97.2 42.7
Per Share Data
EPS (Basic) 1.91 2.43 2.13 2.10 3.49 0.36 3.23 1.44 1.94 6.60 2.65 2.11 1.37 1.56 0.08 -0.39 1.00 3.90 0.22 1.31 0.14 1.93 1.03 2.11 -0.59 1.47 0.71 1.40 0.52 0.84 1.48 0.67 1.71 0.44 1.75 1.26 2.53 1.51 3.63 1.09 0.43 3.05 0.88 1.97 1.29 3.30 2.10 0.89 0.23 1.92 2.10 1.17 -0.74 0.38 0.73 2.02 -2.65 -0.46 4.15 -0.31 0.76 -0.86 0.89 0.97 1.81 1.12 -0.38 -1.83 0.94 -2.68 -0.74 6.01 -2.11 -3.24 -1.70 0.48 0.58 0.63 0.52 0.60 0.47 0.51 0.53 0.90 0.60 0.65 0.59 0.57 0.63 1.31 0.57
EPS (Diluted) 1.91 2.41 2.11 2.08 3.44 0.35 3.17 1.42 1.89 6.45 2.60 2.08 1.34 1.52 0.08 -0.39 0.98 3.74 0.22 1.29 0.14 1.91 1.02 2.10 -0.59 1.42 0.70 1.39 0.52 0.83 1.47 0.67 1.68 0.44 1.72 1.24 2.49 1.49 3.60 1.09 0.43 3.03 0.88 1.96 1.28 3.28 2.09 0.89 0.23 1.90 2.09 1.16 -0.74 0.38 0.73 2.01 -2.65 -0.46 4.13 -0.31 0.74 -0.84 0.88 0.95 1.75 1.08 -0.38 -1.83 0.93 -2.67 -0.73 5.96 -2.11 -3.24 -1.70 0.47 0.57 0.62 0.51 0.60 0.47 0.51 0.53 0.90 0.59 0.64 0.59 0.57 0.63 1.31 0.57
Shares Outstanding 45.4 48.9 48.9 48.9 49.6 50.5 52.4 54.1 55.6 57 58.5 59.2 59.1 59.8 61.7 63.5 66.3 67.5 72.7 75.2 76.7 76.7 83.2 86.5 92.6 93.3 98.2 101.2 103 105.2 108 111.7 115.2 117.1 118.7 121.3 125.3 130 131.9 134 136.2 140.5 145.8 150.6 155.8 161.3 168.8 178.4 182.1 182 182.9 187.8 193.8 194 194 186.3 182.4 182.4 183.2 184.2 183.9 183.9 183.7 184.1 184.3 184.3 91.9 93.1 90.8 90.8 85.0 89.9 80.0 80.2 67.8 67.8 67.2 67.2 72.9 74.2 74.2 73.5 73.9 74.2 73.9 73.9 75.4 75.6 74.4 74.4 74.9
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 2007 Q3 2004 Q2 2004 Q1 2003 Q4
Current Assets
Cash & Cash Equivalents 312 388 157 301 177 121 147 92 115 97 108 114 118 107 131 138 119 120 101 144 95 162 223 293 139 169 229 190 123 104 82 185 114 144 72 200 147 118 98 190 112 97.2 90.5 44.1 8.5 19.3 25.2 28.6 36.3 32.4
Short-Term Investments 2,025 2,046 2,472 1,987 2,251 2,344 2,681 2,635 2,530 7,968 2,183 2,486 2,164 7,929 2,052 8,259 8,741 9,427 9,357 9,906 9,388 9,624 9,414 9,451 9,501 10,122 10,419 10,733 10,716 10,818 10,930 11,136 11,048 11,301 11,495 11,183 11,168 10,823 11,280 10,545 11,047 1,391.2 1,421.4 1,668.3 1,171.0 616.8 152.2 178.9 154.4 137.5
Net Receivables 1,980 2,021 2,036 2,013 1,957 1,947 1,925 1,765 1,745 1,766 1,658 1,683 1,604 1,555 1,563 1,737 1,864 2,173 2,526 2,359 2,336 2,363 2,282 2,089 2,053 2,033 844 866 897 904 916 932 944 915 994 916 876 576 608 623 673 1,311,254 1,371,582 1,418,232 779.2 748.4 50.0 33.2 35.1 301.1
Inventory 0 0 0 0 0 0 0 0 (7,656) 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 Current Assets 0 0 0 0 0 (2,735) (412) (2,928) 4,831 (9,831) (3,949) (4,283) (3,886) (9,591) (3,746) (10,134) (10,724) (11,720) (11,984) (12,409) (11,819) (12,149) (11,919) (11,833) (11,693) (12,324) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 4,317 4,455 4,665 4,301 4,385 1,677 1,660 1,564 1,565 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,350 10,630 11,009 1,737 11,190 11,342 11,355 1,686 11,612 11,621 11,502 1,284 11,458 10,773 11,373 10,522,269 10,519,284 10,602,265 1,205,828 636,162 177,376 207,499 190,609 471.0
Non-Current Assets
Property, Plant & Equipment 0 0 0 121 119 101 0 378 377 366 330 5,055 5,118 5,493 5,336 5,456 5,700 5,271 4,371 3,547 2,956 1,913 1,539 1,669 645 572 65 66 67 0 0 0 0 0 (105) (107) (106) 0 (108) (110) (113) 0 0 0 0 0 0 0 0 0
Goodwill 0 0 0 0 0 0 0 0 6,330 0 0 0 0 117 0 0 0 117 0 0 0 117 0 0 0 117 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 85.4 0 85.4 85.4 85.4 87.1
Intangible Assets 197 192 190 185 181 176 172 169 164 6 0 0 0 46 0 0 0 58 0 0 0 86 0 0 0 99 107 106 104 129 103 102 100 101 105 107 106 106 108 110 113 0 0 0 0 85.4 0 0 0 0
Long-Term Investments 7,082 6,653 6,431 6,793 6,564 1,073 6,321 9,204 377 8,614 8,370 8,892 8,857 8,648 8,586 8,610 9,222 9,687 9,628 10,193 9,669 9,920 9,728 9,769 9,869 10,564 10,888 11,259 11,276 11,387 11,526 11,763 11,699 12,001 12,202 11,940 11,949 11,699 12,157 11,359 12,238 10,525.8 10,486.9 10,817.7 4,584.2 3,793.0 2,614.0 2,032.2 2,220.3 2,189.7
Other Non-Current Assets 1,039 876 815 695 689 8,874 4,138 773 3,099 (8,986) (8,706) (13,953) (13,981) (14,304) (14,088) (14,235) (15,094) (15,133) (14,177) (13,921) (12,809) (12,036) (11,473) (11,647) (10,726) (11,352) (10,888) (11,259) (11,276) 350 (103) (102) (100) 645 (12,202) (11,940) (11,949) 1,062 (12,157) (11,359) (12,238) (10,525.8) (10,486.9) (10,817.7) 80,747.4 81,538.6 82,717.6 83,299.4 83,111.3 (2,276.8)
Total Non-Current Assets 8,318 7,721 7,436 7,794 7,553 10,224 10,631 10,524 10,603 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,888 11,259 11,276 11,866 11,526 11,763 11,699 12,747 135 391 438 12,867 459 235 278 1,072,260 1,132,059 1,158,205 294,526 202,977 125,122 90,630 159,282 2,276.8
Total Assets 12,635 12,176 12,101 12,095 11,938 11,901 12,291 12,088 12,168 12,539 11,944 16,852 16,778 16,843 16,660 16,960 17,845 18,208 17,614 17,226 16,018 15,334 14,695 14,780 13,745 14,326 13,367 13,581 13,551 13,603 13,739 14,132 14,019 14,433 14,649 14,655 14,675 14,151 14,669 14,092 14,452 17,588.6 17,388.5 16,593.4 6,495.7 5,588.3 3,137.6 2,637.9 2,749.2 2,857.9
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 1,745 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 61 45 54 52 64 71 56 58 243.0 185.4 212.1 33.8 22.7 27.3 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 145 0 0 0 144 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 137.6 142.4 0 0 0 0 0 0 0
Deferred Revenue 3,613 3,625 3,663 3,675 3,671 3,719 3,631 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 Current Liabilities 601 309 308 315 294 (3,719) 292 0 (39) 0 0 0 0 0 0 0 0 0 0 0 0 (145) 0 0 0 (144) 0 0 0 0 0 0 0 (61) (45) (54) (52) (64) (97) (75) (58) (380.7) (327.8) (366.5) (44.0) 4,543.0 4,416.2 (106.1) (56.8) (71.2)
Total Current Liabilities 4,214 3,934 3,971 3,990 3,965 0 3,923 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 61 45 96 63 64 26 19 58 380.7 327.8 186.7 33.8 4,578 4,448 0 0 0
Non-Current Liabilities
Long-Term Debt 1,705 1,704 1,702 1,701 1,700 1,699 1,698 1,696 1,695 1,694 1,693 1,677 1,676 1,675 1,675 1,674 1,673 1,673 1,671 1,720 1,225 1,079 1,223 1,222 1,221 1,091 1,234 1,233 1,232 1,233 1,249 1,264 1,281 1,292 1,292 1,294 1,307 1,306 1,304 1,303 1,302 1,059,260 1,061,896 917,362 516,974 0 0 197.3 75 75
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 0 5.2 73.9 55.6
Other Non-Current Liabilities 1,152 749 691 675 616 4,649 4,811 4,797 4,791 (1,694) (1,693) (1,677) (1,676) (1,675) (1,675) (1,674) (1,673) (1,673) (1,671) (1,720) (1,225) (1,079) (1,223) (1,222) (1,221) (1,091) 5,481 5,626 5,650 5,815 5,907 6,234 5,954 6,302 6,479 6,611 6,731 6,341 6,725 6,539 (1,302) (1,059,260) (1,061,896) (917,362) (516,974) 0 0 (202.5) (148.9) (130.6)
Total Non-Current Liabilities 2,857 2,453 2,393 2,376 2,316 6,348 6,509 6,493 6,486 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,715 6,859 6,882 7,048 7,156 7,498 7,235 1,292 1,292 7,809 7,975 1,306 8,003 7,823 1,302 1,059,260 1,061,896 917,362 516,974 3,558,157 1,528,805 1,216.0 1,239.2 1,420.2
Total Liabilities 7,071 6,387 6,364 6,366 6,281 6,348 6,509 6,493 6,486 6,774 6,643 11,397 11,363 11,551 11,486 11,392 11,829 11,708 11,218 10,653 9,525 8,629 8,078 8,271 7,472 7,674 6,715 6,859 6,882 7,048 7,156 7,498 7,235 7,594 7,771 7,905 8,038 7,647 8,029 7,842 8,339 13,720.0 13,769.4 13,073.3 4,140.8 3,562.7 1,533.3 1,216.0 1,239.2 1,420.2
Stockholders' Equity
Common Stock 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1.8 1.8 1.8 1.3 0.9 0.7 0.8 16.4 16.4
Retained Earnings 5,821 5,830 5,836 5,859 5,903 5,878 5,957 5,929 6,014 6,070 5,815 5,732 5,638 5,577 5,579 5,672 5,878 5,990 5,924 6,056 6,055 6,143 6,143 6,109 6,100 6,295 6,331 6,425 6,406 6,374 6,303 6,159 6,102 5,892 5,913 5,722 5,588 5,289 5,110 4,648 4,519 1,092.1 885.3 789.9 622.4 738.8 848.1 480.0 436.9 390.0
Accumulated Other Comprehensive Income (280) (168) (179) (227) (314) (385) (231) (392) (386) (359) (565) (458) (420) (515) (652) (370) (78) 300 374 445 373 498 404 333 138 342 319 295 261 93 78 152 214 372 326 315 206 149 358 383 319 191.3 140.4 141.8 (2.8) 1.8 34.6 58.0 99.4 81.2
Total Stockholders' Equity 5,542 5,663 5,658 5,633 5,590 5,495 5,728 5,539 5,629 5,713 5,252 5,276 5,220 5,064 4,929 5,304 5,802 6,292 6,300 6,503 6,430 6,643 6,549 6,444 6,240 6,639 6,652 6,722 6,669 6,555 6,583 6,634 6,784 6,839 6,878 6,750 6,637 6,504 6,640 6,250 6,113 3,868.6 3,619.0 3,520.5 2,354.9 2,025.6 1,604.4 1,421.9 1,510.1 1,437.6
Total Liabilities & Equity 12,635 12,176 12,101 12,095 11,938 11,901 12,291 12,088 12,168 12,539 11,944 16,852 16,778 16,843 16,660 16,960 17,845 18,208 17,614 17,226 16,018 15,334 14,695 14,780 13,745 14,326 13,367 13,581 13,551 13,603 13,739 14,132 14,019 14,433 14,649 14,655 14,675 14,151 14,669 14,092 14,452 17,588.6 17,388.5 16,593.4 6,495.7 5,588.3 3,137.6 2,637.9 2,749.2 2,857.9
Debt Metrics
Total Debt 1,705 1,704 1,702 1,701 1,700 1,699 1,698 1,696 1,695 1,694 1,693 1,677 1,676 1,675 1,675 1,674 1,673 1,673 1,671 1,720 1,225 1,224 1,223 1,222 1,221 1,235 1,234 1,233 1,232 1,233 1,249 1,264 1,281 1,292 1,292 1,294 1,307 1,306 1,304 1,303 1,302 1,059.3 1,061.9 1,066.4 517.0 347.2 197.4 197.3 75 75
Net Debt 1,393 1,316 1,545 1,400 1,523 1,578 1,551 1,604 1,580 1,597 1,585 1,563 1,558 1,568 1,544 1,536 1,554 1,553 1,570 1,576 1,130 1,062 1,000 929 1,082 1,066 1,005 1,043 1,109 1,129 1,167 1,079 1,167 1,148 1,220 1,094 1,160 1,188 1,206 1,113 1,190 962.0 971.4 1,022.3 508.5 327.9 172.2 168.7 38.7 42.6
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 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1
Operating Activities
Net Income 88 679 105 0 176 0 (187) 78 109 376 0 0 81 124 0 (25) 0 263 17 0 0 148 0 183 0 137 69 142 54 88 161 75 197 52 208 153 317 197 479 146 59 39.2 66.8 44.3 43.1 46.9 97.2 42.8 42.7 31.8
Depreciation & Amortization 0 0 0 0 0 0 0 0 0 0 0 0 2 3 0 3 0 3 3 0 0 (9) 0 0 0 0 0 0 0 (31) 0 0 0 (46) 0 0 0 (34) 0 0 0 1.7 1.8 1.7 2.0 2.8 0 0 0 0
Stock-Based Compensation 0 6 0 0 (28) 0 0 0 0 36 0 0 0 39 0 0 0 27 0 0 0 25 0 0 0 21 0 0 0 19 0 0 0 16 0 0 0 13 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 0 0 0 0 0 (322) 0 0 0 (331) 0 0 0 (1,881) 0 0 0 (25) 0 0 0 (353) 0 0 0 (924) 0 0 0 (209) 0 0 0 5 0 0 0 12 0 0 0 39.9 (65.1) 9.6 (126.6) 77.8 99.4 (30.7) 36.9 (0.8)
Other Non-Cash Items 102 (646) (50) 78 (61) 368 204 (20) (183) 122 (178) 124 229 1,126 (54) (880) (892) (413) (860) (483) (466) 0 (219) (464) (164) 622 (236) (8) (386) (21) (253) 342 (170) (177) (52) (57) (215) (133) (622) (103) (149) 5.9 33.6 (4.4) (53.0) (120.8) (181.5) 18.4 47.8 (16.8)
Operating Cash Flow 190 39 55 78 87 46 17 58 (74) 203 (178) 124 312 (631) (54) (902) (892) (145) (843) (483) (466) (189) (219) (281) (164) (144) (167) 134 (332) 110 (92) 417 27 79 156 96 102 49 (143) 43 (90) 94.6 13.4 57.2 (125.6) 12.4 15.0 32.8 129.9 22.4
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 0 0 0 0 0 0 0 0 0
Acquisitions (145) 0 0 0 0 (51) 0 0 0 0 (122) 6 (10) (24) (2) 0 (5) 0 52 6 13 0 21 0 (10) 0 0 0 0 0 0 0 0 0 0 0 95 0 (435) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (313) (1,011) 0 (471) (359) (386) 909 (360) (377) 0 51 (456) (697) (138) (113) (123) (85) 0 30 (659) (396) 0 (364) (396) (334) 0 (207) (798) (303) (639) (386) (656) (527) (697) (712) (626) (517) (618) (328) (341) (359) (285.4) (196.8) (317.2) (172.3) (182.7) (157.9) (202.8) (324.8) (217.4)
Sales/Maturities of Investments 434 1,178 0 686 492 672 500 442 625 0 312 415 607 765 155 306 923 0 327 260 495 0 504 767 695 0 582 854 742 718 529 491 634 779 557 660 600 719 434 921 463 195.9 174.6 281.8 227.3 179.8 152.8 175.9 227.3 198.0
Other Investing Activities (36) 196 (73) 2 1 1 (1,205) 5 5 103 70 1 6 9 30 25 17 (146) 16 12 13 (118) 12 16 38 99 64 83 53 24 65 25 19 31 26 116 33 42 485 25 68 0 0 (147,680) 46.8 (7.0) 3.7 0 0 0
Investing Cash Flow (60) 363 (73) 217 134 236 204 87 253 103 311 (34) (94) 612 70 208 850 (146) 425 (381) 125 (118) 173 387 389 99 439 139 492 103 208 (140) 126 113 (129) 150 211 143 156 605 172 (89.5) (22.2) (35.4) 101.7 (9.9) (1.4) (26.9) (97.5) (19.5)
Financing Activities
Net Debt Issuance (3) 0 (5) (4) (4) (218) (5) (4) (148) (8) 15 11 (182) 64 121 835 213 577 510 927 493 340 46 344 (21) (325) 0 (1) (3) (28) (49) (5) (19) (1) (23) (5) (1) (44) (1) (1) 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (75) (131) (118) (131) (120) (90) (131) (152) (129) (113) (64) (24) (2) (100) (97) (151) (152) (191) (140) (88) (77) (126) (40) (164) (116) (160) (150) (110) (80) (120) (117) (151) (112) (70) (81) (135) (228) (116) (55) (60) (77) 0 (4.3) (14.7) 0 0 0 0 0 0
Dividends Paid (19) (15) (17) (17) (19) (16) (16) (17) (19) (16) (16) (17) (18) (15) (16) (16) (17) (15) (16) (17) (18) (16) (16) (17) (20) (18) (17) (19) (20) (16) (18) (19) (18) (17) (17) (17) (19) (17) (17) (17) (18) (2.2) (2.2) (2.3) 0 0 (3.2) (3.5) (26.2) (2)
Other Financing Activities (117) (3) 0 (5) (27) 0 (7) 0 (31) 0 (135) (7) (94) 8 (12) 1 (54) 23 9 (8) (9) (3) (11) (17) (23) 497 (83) (71) (39) (25) (38) (28) (45) (33) (36) (37) (46) 6 (31) (489) (41) 0.1 (1.3) 0 16.6 0 0 0 0 0
Financing Cash Flow (214) (149) (140) (157) (170) (324) (159) (173) (327) (137) (200) (37) (296) (43) (4) 669 (10) 394 363 814 389 195 (21) 146 (180) (6) (235) (201) (142) (189) (222) (203) (181) (121) (157) (194) (294) (171) (104) (567) (136) (2.1) (7.8) (17.0) 16.6 0 (3.2) (3.5) (26.2) (2)
Cash Position
Net Change in Cash (77) 228 (161) 143 55 (46) 65 (23) 18 171 (69) 54 (77) (64) 8 (26) (53) 102 (56) (50) 48 (108) (67) 154 38 (46) 35 71 19 22 (107) 72 (27) 72 (129) 53 21 20 (92) 78 (54) 2.3 (17.0) 4.7 (7.7) 3.9 12.1 2.5 5.5 2.9
Cash at Beginning 389 160 325 182 126 174 109 115 97 115 184 130 207 271 263 289 342 240 296 346 298 406 473 139 183 229 194 123 104 82 189 117 144 72 201 148 127 98 190 112 166 4.7 21.7 17.0 36.3 32.4 20.3 17.8 12.3 9.4
Cash at End 312 388 164 325 181 128 174 92 115 286 115 184 130 207 271 263 289 342 240 296 346 298 406 293 221 183 229 194 123 104 82 189 117 144 72 201 148 118 98 190 112 7.1 4.7 21.7 28.6 36.3 32.4 20.3 17.8 12.3
Free Cash Flow 190 39 55 78 87 46 17 58 (74) 203 (178) 124 312 (631) (54) (902) (892) (145) (843) (483) (466) (189) (219) (281) (164) (144) (167) 134 (332) 110 (92) 417 27 79 156 96 102 49 (143) 43 (90) 94.6 13.4 57.2 (125.6) 12.4 15.0 32.8 129.9 22.4
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 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2
Income Statement
Revenue 261 213 199 278 325 152 252 194 226 282 154 357 230 305 22 77 280 184 191 167 156 377 250 341 117 295 202 233 190 211 279 218 289 276 620 296 459 443 318 392 227 737 366 476 376 898 475 328 38 556 630 322 (246) 193 304 587 (321) 78.9 1,444 116.3 278.9 46.9 347.5 424.8 664.0 570.5 283.8 (169.5) 243.1 (179.9) 29.8 842.7 (139.4) (308.4) (134.3) 65.6 76.1 89.7 78.9 80.2 73.3 77.7 79.5 60.9 76.4 99.5 90.8 37.5 120.1 183.7 121.5
Gross Profit 237 195 223 245 280 118 298 193 221 276 50 299 223 257 93 85 219 346 256 179 123 299 173 300 94 272 169 230 138 186 259 170 302 236 392 220 396 326 323 285 133 626 249 282 354 813 515 268 (8) 467 571 259 (201) 129 214 464 (568) (115.4) 1,225 (13.4) 241.6 1,191.6 184.6 291.5 490.6 839.0 31.9 (258.3) 129.3 (179.9) (74.3) 792.8 (206.5) (317.5) (146.7) 26.2 61.2 77.4 66.7 62.3 62.1 67.1 65.7 (9.9) 56.8 84.6 72.4 (31.0) 83.3 115.2 66.3
Operating Income 34 165 135 133 229 30 220 94 144 202 202 144 120 99 (22) (22) 93 332 5 125 15 174 79 222 (62) 138 86 182 58 101 175 87 217 156 313 150 372 271 480 201 65 584 172 409 266 756 488 218 69 489 536 329 (212) 95 179 554 (696) (146.7) 1,055 (91.4) 213.2 493.2 151.7 257.0 453.3 (70.1) (28.1) (281.3) 100.1 (26) (99.5) 764.5 (242.8) (367.6) (174.1) 38.3 40.3 51.0 44.5 54.0 40.5 42.0 46.3 84.6 56.8 62.2 53.9 55.0 62.2 101.9 54.7
Net Income 88 119 105 103 176 18 171 78 109 376 157 125 81 94 11 (47) 66 263 17 98 11 148 86 183 (55) 137 69 142 54 88 161 75 197 52 208 153 317 197 479 146 59 429 129 297 201 532 355 159 42 349 384 219 (144) 74 142 377 (483) (83.6) 761 (43.1) 139.3 (157.5) 164.6 179.1 333.5 216.7 (35.0) (170.0) 85.5 (243.8) (63.3) 545.2 (169.2) (260.1) (115.0) 32.8 39.0 42.4 37.9 44.5 34.9 38.2 39.2 66.8 44.3 48.3 44.5 43.1 46.9 97.2 42.7
EPS (Diluted) 1.91 2.41 2.11 2.08 3.44 0.35 3.17 1.42 1.89 6.45 2.60 2.08 1.34 1.52 0.08 -0.39 0.98 3.74 0.22 1.29 0.14 1.91 1.02 2.10 -0.59 1.42 0.70 1.39 0.52 0.83 1.47 0.67 1.68 0.44 1.72 1.24 2.49 1.49 3.60 1.09 0.43 3.03 0.88 1.96 1.28 3.28 2.09 0.89 0.23 1.90 2.09 1.16 -0.74 0.38 0.73 2.01 -2.65 -0.46 4.13 -0.31 0.74 -0.84 0.88 0.95 1.75 1.08 -0.38 -1.83 0.93 -2.67 -0.73 5.96 -2.11 -3.24 -1.70 0.47 0.57 0.62 0.51 0.60 0.47 0.51 0.53 0.90 0.59 0.64 0.59 0.57 0.63 1.31 0.57
Balance Sheet
Cash & Equivalents 312 388 157 301 177 121 147 92 115 97 108 114 118 107 131 138 119 120 101 144 95 162 223 293 139 169 229 190 123 104 82 185 114 144 72 200 147 118 98 190 112 97.2 90.5 44.1 8.5 19.3 25.2 28.6 36.3 32.4
Total Assets 12,635 12,176 12,101 12,095 11,938 11,901 12,291 12,088 12,168 12,539 11,944 16,852 16,778 16,843 16,660 16,960 17,845 18,208 17,614 17,226 16,018 15,334 14,695 14,780 13,745 14,326 13,367 13,581 13,551 13,603 13,739 14,132 14,019 14,433 14,649 14,655 14,675 14,151 14,669 14,092 14,452 17,588.6 17,388.5 16,593.4 6,495.7 5,588.3 3,137.6 2,637.9 2,749.2 2,857.9
Total Debt 1,705 1,704 1,702 1,701 1,700 1,699 1,698 1,696 1,695 1,694 1,693 1,677 1,676 1,675 1,675 1,674 1,673 1,673 1,671 1,720 1,225 1,224 1,223 1,222 1,221 1,235 1,234 1,233 1,232 1,233 1,249 1,264 1,281 1,292 1,292 1,294 1,307 1,306 1,304 1,303 1,302 1,059.3 1,061.9 1,066.4 517.0 347.2 197.4 197.3 75 75
Stockholders' Equity 5,542 5,663 5,658 5,633 5,590 5,495 5,728 5,539 5,629 5,713 5,252 5,276 5,220 5,064 4,929 5,304 5,802 6,292 6,300 6,503 6,430 6,643 6,549 6,444 6,240 6,639 6,652 6,722 6,669 6,555 6,583 6,634 6,784 6,839 6,878 6,750 6,637 6,504 6,640 6,250 6,113 3,868.6 3,619.0 3,520.5 2,354.9 2,025.6 1,604.4 1,421.9 1,510.1 1,437.6
Cash Flow
Operating Cash Flow 190 39 55 78 87 46 17 58 (74) 203 (178) 124 312 (631) (54) (902) (892) (145) (843) (483) (466) (189) (219) (281) (164) (144) (167) 134 (332) 110 (92) 417 27 79 156 96 102 49 (143) 43 (90) 94.6 13.4 57.2 (125.6) 12.4 15.0 32.8 129.9 22.4
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 0 0 0 0 0 0 0 0 0
Free Cash Flow 190 39 55 78 87 46 17 58 (74) 203 (178) 124 312 (631) (54) (902) (892) (145) (843) (483) (466) (189) (219) (281) (164) (144) (167) 134 (332) 110 (92) 417 27 79 156 96 102 49 (143) 43 (90) 94.6 13.4 57.2 (125.6) 12.4 15.0 32.8 129.9 22.4