Affiliated Managers Group, Inc. logo AMG - Affiliated Managers Group, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $402.50 DETAILS
HIGH: $405.00
LOW: $400.00
MEDIAN: $402.50
CONSENSUS: $402.50
UPSIDE: 31.46%
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 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 544.9 800.4 528 493.2 496.6 524.3 516.4 500.3 499.9 502.6 525.2 512.5 517.4 539.7 578.6 604.1 517.4 691.8 575.2 586.3 559.1 554.3 494.8 471.1 507.3 555.6 549 591.9 543.1 564.5 601.3 600.1 612.4 604.1 585.7 570.9 544.3 550.4 544.7 554.1 545.4 589.8 613.1 646.6 635 641.2 640.3 636.3 593.1 594 551.6 541 502.2 491 467.3 429.6 417.7 402.4 413.8 462.3 426.3 420.8 354.4 332.1 251 244.7 217.5 201.2 178.5 223.4 290.8 309.0 335.0 383.0 345.6 331.5 309.8 328.8 280.4 283.1 278.0 272.5 234.1 208.3 201.6 184.0 165.8 158.6 151.6 139.6 116.7 118.3 129.6 110.5 100.7 100.5 114.8 118.2 110.9 114.8
Cost of Revenue 103.4 133.4 253.5 263.7 230.3 238.8 220.8 215.3 240.4 244.5 211.8 228.9 222.3 274.5 273.8 268.2 222.3 294.9 256.4 248.9 246.9 246.8 212.5 216.5 207.8 234.8 222 258 228.2 225.9 253.6 241 266.7 256.1 238.7 242.2 242 229.5 244.2 232.1 226.7 239 243.7 292.2 252.8 264 258.1 272.6 235.7 267.8 229.8 235.4 214.5 218.8 196.8 188.1 181.1 173.9 168.9 196.5 179.5 181.0 151.5 142.7 119.2 109.8 105.2 103.4 84.2 101.3 123.7 140.8 151.1 147.4 149.9 143.1 141.7 114.4 122.8 118.7 5.6 6.4 95.5 82.9 4.8 4.4 5.2 3.5 3.7 4.5 3.8 4.7 3.1 3.3 2.7 2.6 2.6 2.9 2.4 2.4
Gross Profit 441.5 667 274.5 229.5 266.3 285.5 295.6 285 259.5 258.1 313.4 283.6 295.1 265.2 304.8 335.9 295.1 396.9 318.8 337.4 312.2 307.5 282.3 254.6 299.5 320.8 327 333.9 314.9 338.6 347.7 359.1 345.7 348 347 328.7 302.3 320.9 300.5 322 318.7 350.8 369.4 354.4 382.2 377.2 382.2 363.7 357.4 326.2 321.8 305.6 287.7 272.2 270.5 241.5 236.6 228.5 244.9 265.8 246.8 239.8 202.8 189.3 131.8 134.8 112.2 97.9 94.3 122.1 167.1 168.1 184.0 235.5 195.7 188.4 168.1 214.4 157.6 164.4 272.5 266.1 138.7 125.4 196.8 179.6 160.7 155.1 147.9 135.1 112.9 113.6 126.5 107.2 98.0 97.9 112.2 115.3 108.5 112.4
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 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 117.7 100.5 95.7 94.7 98.4 97 89.4 91.7 84.8 91.1 85.2 97.1 109.8 93.2 93.1 97.1 96.8 82.9 88.6 78.8 83.5 74.1 73.6 90.3 93.5 91.5 96.2 95.6 103.3 102.8 105.2 106.4 103.4 91.9 89.1 88.7 111.4 94.2 96.6 95.9 113.3 107.5 114.3 108.7 126 114.4 122.8 122.3 129 106.4 99.5 92.3 99.2 93.9 88.8 85 89.2 83.5 90.6 87.5 93.9 73.4 72.1 45.3 38.6 26.9 31.0 32.5 63.6 52.8 48.2 52.9 57.0 57.4 49.0 45.5 61.5 46.5 50.9 160 153.2 49.3 42.4 115.0 97.4 89.7 82.9 80.6 70.6 61.1 62.8 66.1 54.7 51.7 52.3 59.5 63.5 58.9 61.0
Other Expenses 364.1 240.8 8.9 8.8 86.1 11.2 10.6 10.4 10.3 13.8 15.5 15.8 16.2 16.1 18.2 17.2 16.2 14.5 12.9 13 11.8 29.7 36.5 97.2 25.7 97.9 40.4 38.7 45.8 80.1 45.6 40 40.7 (35.4) (34.4) (36.3) 37 35.7 (32.2) (21.6) 44 44.3 46.7 44.9 42.1 52.6 43.6 42.5 41.1 44.1 46.3 44.7 44.9 46.1 36.9 127.7 42.8 44.1 35.4 35.2 34.4 31.9 33.9 21.5 18 17.2 22.3 16.0 17.1 12.5 11.6 16.5 16.5 207.3 10.7 15.4 10.3 9.2 9.1 9.1 8.8 8.9 8.6 7.2 7.3 6.7 6.5 5.8 5.6 5.6 5.6 5.5 4.8 9.1 8.4 8.3 8.0 8.0 7.6 7.4
Operating Expenses 364.1 358.5 109.4 104.5 180.8 109.6 107.6 99.8 102 98.6 106.6 101 113.3 125.9 111.4 110.3 113.3 111.3 95.8 101.6 90.6 113.2 110.6 170.8 116 191.4 131.9 134.9 141.4 183.4 148.4 145.2 147.1 68 57.5 52.8 125.7 147.1 62 75 139.9 157.6 154.2 159.2 150.8 178.6 158 165.3 163.4 173.1 152.7 144.2 137.2 145.3 130.8 216.5 127.8 133.3 118.9 125.8 121.9 125.7 107.3 93.6 63.3 55.8 49.2 47.0 49.6 76.1 64.4 64.7 69.4 264.3 68.1 64.4 55.8 70.7 55.5 60.0 168.8 162.1 57.9 49.6 122.3 104.2 96.3 88.7 86.3 76.2 66.7 68.3 70.9 63.8 60.1 60.5 67.5 71.5 66.5 68.4
Operating Income
Operating Income 77.4 308.5 165.1 125 85.5 175.9 188 185.2 157.5 159.5 206.8 182.6 181.8 139.3 193.4 225.6 181.8 285.6 223 235.8 221.6 194.3 171.7 83.8 183.5 129.4 195.1 199 173.5 155.2 199.3 213.9 198.6 280 289.5 275.9 176.6 173.8 238.5 247 178.8 193.2 215.2 195.2 231.4 198.6 224.2 198.4 194 153.1 169.1 161.4 150.5 126.9 139.7 25 108.8 95.2 126 140 124.9 114.1 95.6 95.8 68.5 79.1 63.0 50.9 44.7 46.0 102.8 103.5 114.6 (28.8) 127.6 123.9 112.3 143.7 102.1 104.5 103.7 104.0 80.8 75.8 74.5 75.4 64.4 66.4 61.7 58.8 46.2 45.3 55.6 43.4 37.9 37.3 44.7 43.8 42.0 43.9
Interest Expense 38.4 34.7 33.2 34.5 34.1 35.2 34.7 33.5 29.9 31.4 31.1 30.9 30.5 29.7 28.3 27.3 30.5 28.6 28.5 26.8 27.5 26.7 23.8 22.3 19.5 18.8 19.5 19.7 18.2 18 19.6 21.4 21.6 31.3 22.1 23.1 22.5 26.9 23.3 22.7 22.3 20.7 23.9 22.5 22.2 22.4 21.8 22.4 40.1 24 23.8 32.7 38.4 24.2 28.5 18.5 18.6 20.6 18.1 18.1 27.7 0.1 23.5 22.7 19.8 19.4 19.5 19.2 19.9 73.9 17.8 16.9 22.9 76.9 18.0 18.4 18.4 37.4 16.2 15.1 11.5 37.4 0 0 8.1 31.7 8.2 8.8 7.3 23.0 6.0 25.2 7.0 0 0 0 0 0 0 0
Interest Income 6.5 18.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0.3 0 13.2 27.2 0 0 0 0 0 0 0 0 30.4 0 40 2.5 0 0 0 0 (2.1) 0 0 0 0 0 7.2 0 0 0 0 0 0 0 0 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 283 627.1 404.7 214.9 246.8 320.1 262.4 222.2 294.3 319.3 410.3 266.9 280.2 1,104.7 247.6 256.5 280.2 411.1 294.8 294.9 303.9 272.4 225.6 175 87.4 190.2 239.4 262.3 (141.8) (1.8) 305.4 289.6 337.8 322 331 316.9 302.9 341.3 281.4 292.3 284.4 344.2 308 317.2 344.7 374.4 308.4 293.7 279.6 394.5 247.3 241 242 235.8 193.5 199.7 170 164.4 144.1 171.6 169.7 196.0 140.8 110.8 96.4 113.0 104.2 91.7 58.4 63.2 114.3 134.2 123.4 (17.1) 139.1 135.1 123.4 153.6 111.9 114.3 113.1 113.6 90.1 83.8 82.5 83.0 72.0 73.1 68.2 65.3 52.7 51.5 61.5 56.9 46.3 45.6 52.7 51.8 49.6 51.3
EBIT 231.3 560.4 395.7 206.1 160.7 308.9 251.8 211.8 284 305.5 394.8 251.1 264 1,088.6 229.4 239.3 264 396.6 281.8 281.9 292.1 260.9 189.1 89.1 61.7 113.1 212.1 235.6 (176.6) (45.6) 270 260.7 309.1 295.3 305 290 275.8 308.8 249.5 258.6 252.8 309.9 273 284.5 312.5 331.8 275.2 261.5 248.4 360.7 211.2 205.1 205.6 201.4 166 81.4 136.2 129.6 118 145.7 143.8 171.1 116.5 97.8 84.5 101.4 92.8 80.4 47.1 46.0 102.8 122.7 112.3 (28.8) 127.6 123.9 112.3 143.7 102.1 104.5 103.7 104.0 80.8 75.8 74.5 75.4 64.4 66.4 61.7 58.8 46.2 45.3 55.6 43.4 37.9 37.3 44.7 43.8 42.0 43.9
Income Before Tax 192.9 525.7 362.5 171.6 126.6 273.7 217.1 178.3 254.1 274.1 363.7 220.2 233.5 1,058.9 201.1 212 233.5 368 253.3 255.1 264.6 234.2 165.3 66.8 42.2 94.3 192.6 215.9 (194.8) (63.6) 250.4 239.3 287.5 264 282.9 266.9 253.3 281.9 226.2 235.9 230.5 289.2 249.1 262 290.3 309.4 253.4 239.1 208.3 336.7 187.4 172.4 167.2 177.2 137.5 62.9 117.6 109 99.9 127.6 116.1 146.0 93 75.1 64.7 82.0 73.2 61.2 27.2 (112.5) 48.6 105.8 89.3 96.6 67.6 66.5 58.1 77.7 52.6 51.6 55.9 61.5 45.3 41.7 41.2 38.8 28.0 31.5 30.8 29.3 23.0 22.1 25.6 21.0 21.8 19.9 24.6 24.4 23.2 23.4
Income Tax Expense 46.5 147.6 71.6 35.7 27.4 52.6 31.3 43.3 55.4 29.9 77.7 32.8 45 227.8 36.8 38 45 84.6 44.9 70.9 50.5 38.4 37.5 3.3 2.2 (1.5) 30.5 35.7 (61.8) 35.2 48.5 34.1 63.5 (129.8) 66.1 62.5 59.7 74.5 50.3 52.3 57 58.4 58.1 72.1 69.6 53.2 63.5 61.1 48.9 87.5 31 38.2 37.5 37.8 19.4 2 24.6 19.9 19.8 26.6 26.7 38.6 24 16.9 11.9 16.4 5.4 4.9 3.9 (42.8) 23.7 20.3 18.3 35.7 25.0 24.6 21.5 28.8 19.5 17.7 20.7 22.8 16.7 15.4 15.7 15.5 11.2 12.6 12.6 12.0 9.2 8.8 10.2 8.4 8.7 8.0 9.9 10.0 9.5 9.6
Net Income 110.4 347.6 212.4 84.3 72.4 162.1 123.6 76 149.8 196.1 217 125.3 134.5 777.9 112.6 109.4 134.5 178.4 128.4 109 149.9 115.9 71.3 30.7 (15.6) 22.5 86.3 107.7 (200.8) (151.3) 124.9 117 153 315.3 125.4 126.3 122.5 151.7 110.2 108.3 104 150.3 107.7 128.7 128 170.6 103.2 99.1 77.2 158.2 75.2 64.7 62.4 75.1 54.9 6.6 37.4 40.3 40.1 45.5 39.1 62.0 34 25.2 17.5 24.6 17.8 11.0 6.1 (69.8) 24.8 34.6 31.2 60.9 42.6 41.9 36.6 49.0 33.1 33.9 35.2 38.8 28.5 26.2 25.6 23.3 16.8 18.9 18.2 17.3 13.8 13.3 15.4 12.6 13.1 11.9 14.8 14.4 13.7 13.8
Per Share Data
EPS (Basic) 4.12 12.53 7.47 2.95 2.48 5.39 4.11 2.41 4.56 5.83 6.22 3.49 3.75 20.75 2.95 2.83 3.68 4.40 3.12 2.62 3.52 2.72 1.54 0.65 -0.33 0.46 1.71 2.11 -3.87 -2.88 2.35 2.17 2.80 5.69 2.25 2.24 2.16 2.73 2.03 2.00 1.94 2.79 1.99 2.36 2.34 3.12 1.88 1.81 1.44 2.97 1.41 1.22 1.18 1.44 1.06 0.13 0.72 0.78 0.77 0.87 0.76 1.20 0.66 0.56 0.41 0.58 0.42 0.26 0.15 -1.74 0.63 0.88 0.91 1.77 1.43 1.40 1.23 1.65 1.09 1.09 1.05 1.15 0.84 0.78 0.77 0.70 0.57 0.65 0.60 0.43 0.44 0.40 0.46 0.38 0.39 0.36 0.45 0.43 0.41 0.41
EPS (Diluted) 3.84 11.21 6.87 2.80 2.20 4.50 3.78 2.26 4.14 5.15 5.47 3.25 3.47 17.40 2.80 2.68 3.44 4.17 3.00 2.55 3.41 2.55 1.53 0.65 -0.33 0.46 1.71 2.11 -3.87 -2.88 2.34 2.16 2.77 5.50 2.22 2.22 2.13 2.67 2.00 1.97 1.92 2.72 1.96 2.31 2.28 3.02 1.84 1.77 1.40 2.79 1.37 1.18 1.15 1.40 1.04 0.12 0.71 0.77 0.76 0.85 0.74 1.17 0.65 0.53 0.38 0.54 0.40 0.26 0.15 -1.70 0.59 0.82 0.81 1.34 1.07 1.04 0.93 1.10 0.87 0.86 0.81 0.84 0.67 0.63 0.61 0.53 0.46 0.51 0.57 0.37 0.43 0.39 0.45 0.37 0.39 0.35 0.44 0.43 0.41 0.40
Shares Outstanding 26.8 27.7 28.7 28.9 29.2 30.1 30.1 31.5 32.8 33.7 34.9 35.9 35.9 37.5 38.2 38.7 39.7 40.6 41.1 41.6 42.6 47.5 46.3 47.2 47.8 48.9 50.4 51 51.9 52.5 53.1 54 54.6 55.4 55.8 56.3 56.7 55 53.9 53.8 54 53.9 54.2 54.6 54.8 55.3 55.6 55.4 53.7 55.5 53.2 53.1 52.7 52.1 51.7 51.4 51.6 51.8 51.9 52.1 51.8 47.4 51.2 44.6 42.4 41.4 41.9 41.5 40.0 38.2 39.5 39.3 34.5 29.5 29.9 29.8 29.7 29.7 30.4 31.2 33.7 33.7 33.9 33.6 33.3 30.0 29.4 29.0 30.3 39.8 31.6 32.9 33.3 33.3 33.2 33.1 33.1 33.2 33.3 34.1
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 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4
Current Assets
Cash & Cash Equivalents 376.1 586 476.1 361 816.5 950 1,010.7 865.5 793.4 813.6 999.2 785.5 832.8 429.2 622.9 606.8 501 908.5 1,128 777.9 766.2 1,039.7 929.4 681.6 592.2 539.6 402.5 360 305.2 565.5 448.1 392.8 334.2 439.5 374.7 364.6 293.6 430.8 422 360.4 297.6 220.5 203.8 259.5 274.4 237.3 206.6 344.7 359.7 253.3 200.5 171.4 27.7 77.9 205.1 175.8 27.1 31.6 50.0 48.9 35.9 53.9 35.5 32.1 40.8 23.7 29.9 36.6 29.5 22.8
Short-Term Investments 0 0 0 0 0 56.6 66.1 167.3 348.9 461 462.3 444.2 457.7 716.9 183.7 66.6 81.1 78.5 75.8 62.8 108.8 74.9 68.2 61.4 54.6 59.4 30.6 33.9 36.4 119.3 144.1 0 0 77.8 92.4 103.6 115.5 122.4 213.2 203.6 208.2 152.4 178.1 150.5 92.3 76.1 155.8 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 871.4 496.2 667.7 571 581.7 409.7 457.1 457.2 525.7 368.4 428.9 487.1 408.6 316 377.7 399.2 465.8 419.2 492.5 711.8 509.3 421.6 404.8 497.1 437.3 417.1 485.1 528.7 535.5 400.6 524.5 485.9 532.2 433.8 487.4 440.3 449 383.3 387.1 471.8 495.5 256.2 312.2 0 0 0 197.5 79.9 74.1 65.3 51.4 45.2 50.8 47.4 44.0 54.3 51.3 66.1 64.0 64.1 73.3 239.4 45.4 42.5 38.9 66.9 35.4 34.4 32.1 27.1
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65.5 58.0 61.8 58.5 10.1 10.2 15.6 15.4 9.0 10.9 14.4 6.7 8.3 5.8 4.9 5.1 3.5 2.5 2.4 2.2
Total Current Assets 1,247.5 1,082.2 1,143.8 932 1,398.2 1,416.3 1,533.9 1,490 1,668 1,643 1,890.4 1,716.8 1,699.1 1,462.1 1,184.3 1,072.6 1,047.9 1,406.2 1,696.3 1,552.5 1,384.3 1,536.2 1,402.4 1,240.1 1,084.1 1,016.1 918.2 922.6 877.1 1,085.4 1,116.7 878.7 866.4 951.1 954.5 908.5 858.1 936.5 1,022.3 1,035.8 1,001.3 659.1 716.2 585.6 508.2 431.9 580.0 443.0 456.0 339.5 266.0 229.4 89.5 136.3 259.2 240.4 94.0 113.2 122.9 123.9 123.6 300.0 89.3 80.4 84.7 95.8 68.8 73.5 64.0 52.1
Non-Current Assets
Property, Plant & Equipment 69.7 54.4 55.2 56.7 56.9 57.6 61 62.8 65.6 67.3 63.8 66.3 67.1 68.5 70.1 71.3 73.9 73.9 74.2 75.8 76.1 79.6 81.6 85.8 88.9 92.3 92.9 99.8 102.3 104.3 104.8 109.2 111.3 111 111.7 109.7 109.1 110.1 113.4 112.1 113.1 68.1 65.3 62.4 66.9 69.2 67.8 39.5 36.6 36.9 19.0 19.2 19.2 19.6 14.4 14.8 15.1 15.3 21.5 19.4 13.6 12.3 11.3 12.1 10.0 8.0 6.8 6.7 6.2 4.7
Goodwill 0 2,531.2 2,528.2 2,537.6 2,512.5 2,504.9 2,532 2,516.1 2,517.5 2,523.6 2,509 2,659.6 2,648.9 2,648.7 2,627.9 2,660 2,683.7 2,689.2 2,658.5 2,669.7 2,666.2 2,661.4 2,638.8 2,627.6 2,621.8 2,651.7 2,629.8 2,639.5 2,642.4 2,633.4 2,648.4 2,648.6 2,667.3 2,662.5 2,661.8 2,647.5 2,633.7 2,628.1 2,644.3 2,653.5 2,672.3 1,983.5 1,521.2 1,413.2 1,255.8 1,238.0 1,224.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 4,109.8 1,639.3 1,703.3 1,716.1 1,703.9 1,777.8 1,807.1 1,795.6 1,802.3 1,812.4 1,809.5 1,863.1 1,866.1 1,876 1,864.1 1,905.2 1,943.3 1,966.4 1,018.2 1,036.8 1,044.3 1,048.8 1,035.2 1,052.3 1,133.8 1,182 1,222.6 1,257.1 1,289.5 1,309.9 1,357.4 1,393.3 1,443.1 1,449.7 1,467.2 1,476.1 1,482.4 1,497.4 1,546.3 1,584.4 1,647.6 1,397.0 803.2 571.6 476.6 482.0 496.9 812.1 751.3 751.6 744.4 741.6 739.1 736.1 453.8 444.4 441.8 444.1 445.8 448.2 451.3 385.4 385.9 391.1 360.4 321.4 310.4 311.9 314.6 249.7
Long-Term Investments 3,686.4 3,582 3,188.8 3,262.4 2,752.3 2,785.6 2,681.2 2,691.9 2,737 2,769.4 2,492.8 2,400.8 2,346.2 2,561.1 2,400.5 2,488.8 2,589.3 2,509.6 2,442.3 2,431.2 2,292.2 2,332 2,198.2 2,195 2,261.6 2,407.4 2,564.9 2,539.9 2,526 2,992.1 3,311.5 3,460.7 3,496.1 3,469.7 3,451.3 3,430.5 3,447.6 3,515.8 2,939.6 2,592.9 2,602.9 635.3 644.9 658.3 664.7 664.1 150.2 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 Assets 282.7 318.3 308.9 302.8 290.3 288.7 287.8 288.6 234.2 243.9 238.1 259.5 268.4 264.6 283.3 270.8 232.7 231.1 218.1 255.7 217.5 230.9 313.3 295.3 292.1 304 250.6 268.9 239.7 94 0 0 0 58.1 54.9 60 59.2 61.2 57.5 56 54.1 195.4 115.0 99.8 108.2 104.2 385.6 407.4 391.0 391.2 395.6 398.3 395.2 400.7 221.3 220.5 217.6 221.1 224.4 227.8 233.8 211.4 204.5 206.8 200.2 179.6 171.7 174.2 175.9 150.5
Total Non-Current Assets 8,148.6 8,125.2 7,784.4 7,875.6 7,315.9 7,414.6 7,369.1 7,355 7,356.6 7,416.6 7,113.2 7,249.3 7,196.7 7,418.9 7,245.9 7,396.1 7,522.9 7,470.2 6,411.3 6,469.2 6,296.3 6,352.7 6,267.1 6,256 6,398.2 6,637.4 6,760.8 6,805.2 6,799.9 7,133.7 7,422.1 7,611.8 7,717.8 7,751 7,746.9 7,723.8 7,732 7,812.6 7,301.1 6,998.9 7,090 4,279.3 3,149.6 2,805.3 2,572.1 2,557.3 2,175.1 1,259.1 1,178.9 1,179.7 1,158.9 1,159.1 1,153.5 1,156.5 689.4 679.8 674.4 680.5 691.7 695.4 698.7 609.1 601.8 610.0 570.7 509.5 489.0 492.8 496.7 404.9
Total Assets 9,396.1 9,207.4 8,928.2 8,807.6 8,714.1 8,830.9 8,903 8,845 9,024.6 9,059.6 9,003.6 8,966.1 8,895.8 8,881 8,430.2 8,468.7 8,570.8 8,876.4 8,107.6 8,021.7 7,680.6 7,888.9 7,669.5 7,496.1 7,482.3 7,653.5 7,679 7,727.8 7,677 8,219.1 8,538.8 8,490.5 8,584.2 8,702.1 8,701.4 8,632.3 8,590.1 8,749.1 8,323.4 8,034.7 8,091.3 4,938.5 3,865.9 3,390.9 3,080.3 2,989.3 2,755.1 1,702.1 1,634.9 1,519.2 1,425.0 1,388.4 1,243.0 1,292.8 948.6 920.1 768.5 793.7 814.6 819.3 822.3 909.1 691.0 690.4 655.3 605.3 557.8 566.3 560.7 457
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 0 607.1 576.5 0 761.6 662.9 667.3 0 698.3 618.3 541.6 0 579.4 578.1 571 245.2 286.0 5.1 0 0 238.6 106.6 75.7 3.5 66.4 57.4 81.4 81.6 67.2 61.0 54.9 86.8 83.3 68.6 68.9 170.3 50.9 43.0 38.0 42.6 20.4 22.7 17.4 18.8
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 349.8 349.7 699.7 449.7 0 0 0 779.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.6 9.5 11.7 12.2 9.7 12.3 0 0 0 0 0 0 0 0 0 0 0 0 22 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 879.7 692.4 665.7 322.3 625.7 637.3 634.1 309.3 636.2 602.5 645.3 378.7 569.1 548.3 551.6 545.5 690.2 843.5 543.5 400 165 222.8 (285.7) (28.2) 648 0 0 (359.4) 0 0 0 472.5 0 0 0 418.5 0 0 0 0 0 0 0 0 4.8 0 0 14.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 0 0 879.7 692.4 665.7 639.1 625.7 637.3 634.1 628.5 636.2 602.5 645.3 778.3 569.1 548.3 551.6 789.1 690.2 843.5 543.5 712.4 514.8 572.5 414 634.6 648 607.1 576.5 746.6 761.6 662.9 667.3 807.2 698.3 618.3 541.6 729.3 579.4 578.1 571 336.0 304.3 227.1 121.8 102.9 243.4 114.2 85.2 101.5 78.5 67.1 93.8 81.6 67.2 61.0 54.9 86.8 83.3 68.6 68.9 170.3 50.9 43.0 38.0 64.6 20.4 22.7 17.4 18.8
Non-Current Liabilities
Long-Term Debt 2,918.6 2,691.3 2,371.6 2,621.2 2,620.7 2,620.2 2,619.7 2,525.2 2,524.9 2,537.5 2,536.9 2,536.4 2,535.9 2,535.3 2,534.8 2,534.3 2,577.9 2,490.4 2,491.8 2,299.3 2,303.1 2,312.1 2,310.8 2,042.8 2,044.9 1,793.8 1,792.6 1,791.4 1,780.7 1,829.6 1,841.4 1,882.6 1,861.5 1,854.7 1,913.6 2,032.4 2,026 2,109.6 2,113.3 2,136.9 2,300.8 1,075.4 630.1 457.0 451.3 448.4 1,032.5 423.6 953.5 423.3 653.0 657.4 459.0 533.8 277.6 278.1 147.5 151.8 182.8 223.8 228.3 175.3 158.3 174.8 158.8 191.3 201.1 215.1 223.1 159.5
Deferred Tax Liabilities 479.1 533.1 542.4 544.3 520.5 520.5 522 499.1 487.5 463.8 451.7 487.6 476.3 464.7 491.7 493.6 485.7 503.2 513.9 497.1 432.9 423.4 400.4 388.3 393.4 450.2 411.6 421.7 418.5 511.6 479.2 471.7 474.9 467.4 702.3 677 666.7 660.8 652.1 0 599.1 464.2 393.3 0 338.0 331.9 252.1 0 0 0 0 0 0 0 35.6 34.2 33.2 31.9 31.6 30.2 27.9 25.3 17.6 14.8 0 0 0 0 0 0
Other Non-Current Liabilities 1,750.5 1,560.9 594.5 474.9 442.1 402.4 464.5 529.7 464.6 466.3 482.3 470.3 485.7 461.7 692.6 700.9 723.6 709.2 463.3 468.2 483.2 452.2 463.1 468.5 539.3 359.1 346.5 354.6 386.2 162.7 166.5 162.4 216.3 182.4 178.3 203.6 253.3 149.4 170.3 179.7 189.7 683.1 631.6 533.4 839.4 815.6 332.3 561.6 31.7 246.1 19.3 20.1 26.2 35.0 13.1 2.8 2.8 2.6 2.5 1.5 1.4 1.3 1.3 1.3 13.3 11.6 9.6 7.2 3.9 2.5
Total Non-Current Liabilities 5,148.2 4,785.3 3,508.5 3,640.4 3,583.3 3,543.1 3,606.2 3,554 3,477 3,467.6 3,470.9 3,494.3 3,497.9 3,461.7 3,719.1 3,728.8 3,787.2 3,702.8 3,469 3,264.6 3,219.2 3,187.7 3,174.3 2,899.6 2,977.6 2,603.1 2,550.7 2,567.7 2,585.4 2,503.9 2,487.1 2,516.7 2,552.7 2,504.5 2,794.2 2,913 2,946 2,919.8 2,935.7 2,927.1 3,089.6 2,222.6 1,655.0 1,313.1 1,628.7 1,596.0 1,616.8 1,093.0 1,086.0 762.2 748.1 745.8 546.9 624.1 326.3 315.0 183.4 186.3 216.9 255.5 257.7 202.0 177.2 190.9 172.1 202.9 210.7 222.3 227.0 162
Total Liabilities 5,148.2 4,785.3 4,388.2 4,332.8 4,249 4,182.2 4,231.9 4,191.3 4,111.1 4,096.1 4,107.1 4,096.8 4,143.2 4,240 4,288.2 4,277.1 4,338.8 4,491.9 4,159.2 4,108.1 3,762.7 3,900.1 3,689.1 3,472.1 3,391.6 3,237.7 3,198.7 3,174.8 3,161.9 3,250.5 3,248.7 3,179.6 3,220 3,311.7 3,492.5 3,531.3 3,487.6 3,649.1 3,515.1 3,505.2 3,660.6 2,558.6 1,959.3 1,540.2 1,750.5 1,698.9 1,860.2 1,207.2 1,171.2 863.6 826.7 812.9 640.6 705.7 393.5 376.0 238.4 273.1 300.2 324.0 326.6 372.3 228.1 233.9 210.1 267.5 231.1 245.0 244.4 180.8
Stockholders' Equity
Common Stock 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0
Retained Earnings 7,725.5 7,615.4 7,268 7,055.9 6,971.9 6,899.8 6,738.1 6,614.7 6,539.1 6,389.6 6,193.8 5,977.2 5,852.3 5,718.2 4,940.7 4,828.5 4,719.4 4,569.5 4,391.5 4,263.4 4,154.9 4,005.5 3,890.1 3,819.3 3,789.1 3,819.8 3,813.6 3,743.7 3,652.6 3,876.8 4,044.1 3,935.5 3,834.9 3,698.5 3,394.4 3,280.3 3,165.4 3,054.4 2,902.7 2,891.3 2,783.8 915.8 890.6 873.1 830.8 819.8 775.6 344.1 325.1 307.0 273.3 259.4 246.4 233.2 177.9 165.5 152.4 140.5 125.7 111.3 97.7 83.9 39.2 28.7 19.2 11.7 2.4 (3.5) (9.4) (13.9)
Accumulated Other Comprehensive Income (117.7) (106.8) (108.6) (125) (175.7) (163.6) (139.2) (163.7) (157.8) (167.6) (179.9) (161.2) (178.3) (203.4) (213.9) (145.7) (93.2) (87.9) (83.7) (64.8) (73.8) (98.3) (154.9) (170.4) (146.5) (108.8) (125) (95.1) (106.9) (109) (60.1) (6.7) (0.9) (21.8) (51.1) (94.4) (108.7) (122.9) (80.8) (76.3) (26.7) 47.2 71.3 46.0 10.7 (14.0) 67.5 1.8 1.2 0.9 0.3 (0.1) (0.2) (0.4) (1.5) (1.1) (1.6) (0.3) (0.3) (0.2) (0.1) (0.1) 0.0 (0.1) (0.0) 31.0 31.0 31.0 31.0 (7.4)
Total Stockholders' Equity 3,089.8 3,238.4 3,343.4 3,238.7 3,188.2 3,345.3 3,316.3 3,330.9 3,590.2 3,587.9 3,495 3,398 3,271.9 3,230.3 2,766.2 2,741 2,668.8 2,786.4 2,636.9 2,609.6 2,651.2 2,779.7 2,848.9 2,854.7 2,980 2,937.5 3,070 3,225.3 3,140.4 3,457.4 3,618.2 3,639.3 3,677 3,822.2 3,627.5 3,600 3,584.9 3,619.6 3,182.7 2,918.7 2,868.3 1,487.9 1,140.7 1,109.7 1,180.6 1,086.5 641.4 442.2 422.9 614.8 571.7 551.4 571.9 560.6 534.3 523.7 505.6 493.9 487.6 469.9 470.4 478.0 442.5 432.2 422.8 313.7 305.4 301.1 295.2 259.7
Total Liabilities & Equity 9,396.1 9,207.4 8,928.2 8,807.6 8,714.1 8,830.9 8,903 8,845 9,024.6 9,059.6 9,003.6 8,966.1 8,895.8 8,881 8,430.2 8,468.7 8,570.8 8,876.4 8,107.6 8,021.7 7,680.6 7,888.9 7,669.5 7,496.1 7,482.3 7,653.5 7,679 7,727.8 7,677 8,219.1 8,538.8 8,490.5 8,584.2 8,702.1 8,701.4 8,632.3 8,590.1 8,749.1 8,323.4 8,034.7 8,091.3 4,938.5 3,865.9 3,390.9 3,080.3 2,989.3 2,755.1 1,702.1 1,634.9 1,519.2 1,425.0 1,388.4 1,243.0 1,292.8 948.6 920.1 768.5 793.7 814.6 819.3 822.3 909.1 691.0 690.4 655.3 605.3 557.8 566.3 560.7 457
Debt Metrics
Total Debt 2,918.6 2,691.3 2,371.6 2,621.2 2,620.7 2,620.2 2,619.7 2,525.2 2,524.9 2,537.5 2,536.9 2,536.4 2,535.9 2,535.3 2,534.8 2,534.3 2,577.9 2,490.4 2,491.8 2,299.3 2,303.1 2,312.1 2,660.6 2,392.5 2,744.6 2,243.5 1,792.6 1,791.4 1,780.7 2,609.3 1,841.4 1,882.6 1,861.5 1,854.7 1,913.6 2,032.4 2,026 2,109.6 2,113.3 2,136.9 2,300.8 1,075.4 630.1 457.0 451.3 448.4 1,032.5 431.3 963.0 435.1 665.2 667.1 471.4 533.8 277.6 278.1 147.5 151.8 182.8 223.8 228.3 175.3 158.3 174.8 158.8 213.3 201.1 215.1 223.1 159.5
Net Debt 2,542.5 2,105.3 1,895.5 2,260.2 1,804.2 1,670.2 1,609 1,659.7 1,731.5 1,723.9 1,537.7 1,750.9 1,703.1 2,106.1 1,911.9 1,927.5 2,076.9 1,581.9 1,363.8 1,521.4 1,536.9 1,272.4 1,731.2 1,710.9 2,152.4 1,703.9 1,390.1 1,431.4 1,475.5 2,043.8 1,393.3 1,489.8 1,527.3 1,415.2 1,538.9 1,667.8 1,732.4 1,678.8 1,691.3 1,776.5 2,003.2 854.8 426.4 197.5 176.9 211.1 825.9 86.6 603.3 181.8 464.7 495.8 443.7 455.9 72.5 102.3 120.4 120.2 132.8 174.9 192.4 121.4 122.8 142.7 118.0 189.6 171.2 178.5 193.6 136.7
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 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1
Operating Activities
Net Income 110.4 377.9 291 135.9 99.2 221.1 185.7 135.1 198.7 244.2 217 125.3 188.5 831.1 164.4 173.9 218.7 283.4 208.5 184.1 214.1 195.8 127.8 63.4 40 95.8 162.1 180.2 (133) (98.8) 201.8 205.3 224 393.8 216.9 204.4 193.6 207.4 176 183.5 173.5 28.5 26.2 25.6 18.9 18.2 17.3 16.4 13.8 13.0 13.3 12.8 15.4 14.5 12.6 12.4 13.1 14.8 14.4 13.7 13.8 44.7 10.4 9.6 7.5 9.3 5.9 5.9 4.5
Depreciation & Amortization 51.7 56.4 9 8.8 86.1 11.2 1.1 10.3 10.3 13.8 15.5 15.8 16.2 16.1 18.2 17.1 16 14.5 13 13 11.8 11.5 36.5 85.9 25.7 77.1 27.2 26.7 34.8 43.8 35.4 28.9 28.7 26.7 26 26.9 27.1 18.2 31.9 33.7 26.6 9.3 8.0 7.3 6.7 5.6 6.5 6.6 6.5 6.1 6.2 5.7 6.0 6.2 13.5 8.4 8.4 8.0 8.0 7.6 7.4 6.9 6.6 6.7 6 5.4 5.3 5.2 4.3
Stock-Based Compensation 0 54.2 56.3 68.6 23.7 23 22.3 27.5 38.8 28.7 26 32.1 25.3 32.9 24.2 25.8 30.9 35.8 32.9 23.1 34.9 36.5 25.2 32.7 24.8 27.5 20.9 22.6 19.5 23.9 27.7 19.4 30.1 21.8 20.4 22.2 26 14.8 32.4 18 15.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (63.3) 56.7 78.7 (4) (131.4) 43.2 25.9 26.6 (152.5) 26 100.7 (124.2) (231.1) 285.9 49.5 53.6 (250.5) 98.4 95.5 74.1 (148) 146.2 19.2 76.1 (231.5) 66.9 49.9 64.8 (304.9) 114.4 50.7 55.2 (224.4) 142.5 62.4 42.4 (256.2) 177.8 78.7 45.1 (277.1) 25.0 18.4 (46.8) 32.6 (26.6) 0.0 15.8 7.8 (27.5) 9.5 15.5 14.3 (15.7) 2.8 9.3 8.8 (2.5) 18.3 15.9 27.8 (45.4) (1.4) 1.5 21.1 (15.3) 2.9 8.7 (6.9)
Other Non-Cash Items 204.5 (317.6) (175.2) 2.6 123.4 (57.9) 11.5 28.4 90.4 (76.2) (80) 26.7 224.6 (952.1) 17.8 80.3 109.7 (73.8) (22.9) 17.3 58.3 (23.7) 12.6 32 245.8 24 43.8 27.3 451.7 152.9 (29.1) 58.2 133.2 (11) 6.5 5.3 96.3 (83.8) 4.7 12.6 59.9 4.5 6.5 0.3 0.3 6.6 0.8 2.6 0.1 (0.3) 0.3 0.4 (0.4) 0.3 0.4 0.1 (0.7) 0 0 0 0 0 0 0.1 (0.1) 10.4 (3.7) (3.4) 4.8
Operating Cash Flow 303.3 267.3 277.1 230.8 208.9 212.5 265.2 245.2 209.2 254.9 293.9 90.7 234.8 257.3 290.9 361.5 145 361.9 346.4 362 188.9 382.5 251.4 289.8 85.6 312.5 307.4 327.1 (17.9) 264.4 298.9 372.3 205 369.9 356.5 321.9 122.1 347.9 343.1 315.8 25.6 75.3 67.3 (6.0) 65.6 11.8 33.5 49.3 35.8 (2.1) 35.4 40.3 40.9 10.6 30.5 31.9 30.2 20.6 42.1 39.4 51.6 13.9 18.4 19.9 36.9 9.8 10.3 16.3 9
Investing Activities
Capital Expenditure (3.8) (1.9) (1.2) (1.4) (1.6) (1.1) (0.7) (0.6) (1) (5.8) (2.6) (2.1) (1.9) (2.3) (3) (2.4) (3.7) (3.5) (2.8) (1.4) (0.7) (1.7) (2.3) (1.9) (2.6) (3.2) (0.1) (3.3) (3) (5.2) (3.2) (4.8) (5.5) (4.6) (6.7) (3.1) (4.1) (5.1) (6.5) (4.5) (4.1) (4.1) (2.4) (2.6) (2.2) (1.3) (0.7) (20.4) (1.4) (1.5) (1.1) (1.2) (2.6) (1.2) (7.0) 1.8 (0.9) 4.0 (1.8) (6.7) (1.8) (2.1) (0.1) (2.9) (1) (1.7) (0.8) (1.1) (0.8)
Acquisitions (242.3) 49.1 98.6 (460.6) (49.5) 0.7 (0.2) 0 0 (197.6) 200.2 0 0 80.3 0 0 (147.8) (416.7) 3.3 (133) (11.8) (42.1) 0 0 0 88.9 (102.5) (25.7) (5.3) 0 0 (7.3) 0 30.3 0 (25.6) (4.7) (476.4) (333.5) (0.1) (551.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (99.1) 0 0 0 0 0 0 0 0
Purchases of Investments (33) (108.1) (15.9) (48.2) (32.2) (14) (64.1) (73.2) (371.8) (253.5) (262.6) (105.2) (109.8) (164.8) (111.9) (19.9) (27.2) (16.1) (17.5) (18.9) (21) (12) (12.2) (11.6) (11.9) (10) (2.4) (22) (8.7) (14) (8.4) (13.4) (5) (15) (8.6) (7.4) (6.2) (7.9) (2.2) (5.3) (2.7) 18.4 (18.9) (5.9) (7.7) (2.6) (11.2) (1.8) (4.9) (3.1) 0 0 0 0 (320.0) 0 0 (2.6) (1.5) 0 0 0 0 (40.3) (63.8) (0.7) (1.4) 0.2 (64.2)
Sales/Maturities of Investments 46.1 89.4 189.2 16.5 43.8 22.9 120.8 319.8 434.6 246.6 251.8 110.4 399.7 243.5 23.1 6.9 9.5 30.4 9.9 6.7 9.4 10.1 3.4 2.4 31.1 39.8 8.1 8.1 16.9 38.6 16.2 3.9 6.6 34.6 19.2 20.8 31.3 23.8 13.5 20.8 7.2 0 0 24.1 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 0.1
Other Investing Activities 0 13.1 0 0 3.9 0 0 (5.7) 12.7 (3.1) 0 0 0 0 (2.8) 0.8 11.8 0 0 0 0 0 0 (1.7) (0.7) 0 0 0 0 (16.7) 0 0 0 (36.4) 0 0 0 2.1 0 0 0 (80.8) 15.5 (15.5) (75.2) (4.2) (0.0) 0 0.0 (0.0) 0.7 (117.5) (13.7) (2.3) (0.2) (2.9) (9.7) (0.8) (0.1) (1.0) (0.3) (1.4) 1.8 (1.3) (1.9) (2.5) 0.6 (0.5) (0.2)
Investing Cash Flow (233) 41.6 270.7 (493.7) (35.6) 8.5 55.8 240.3 74.5 (213.4) 186.8 3.1 288 156.7 (94.6) (14.6) (157.4) (405.9) (7.1) (146.6) (24.1) (45.7) (11.1) (12.8) 15.9 115.5 (96.9) (42.9) (0.1) 2.7 4.6 (21.6) (3.9) 8.9 3.9 (15.3) 16.3 (463.5) (328.7) 10.9 (550.9) (66.5) (5.7) 0.0 (85.1) (8.1) (11.9) (22.1) (6.2) (4.6) (0.4) (118.6) (16.3) (3.6) (327.2) (1.1) (10.6) 0.6 (3.4) (7.7) (101.2) (3.4) 1.7 (44.5) (66.7) (4.8) (1.6) (1.2) (65.1)
Financing Activities
Net Debt Issuance 50.4 250 (250) 0 0 (97.6) 97.6 0 0 0 0 0 0 0 (2.8) (41.5) (16.5) (6.9) 196.7 (7.8) (15) 0 275 (0.2) 250 0 0 9.4 (48.7) (19.1) (36.5) 20 5 (60) (120) 5 (85) (5) (25) (165) 420 (13.0) (10.5) (12.8) (292.7) 285.7 (1.7) 299.5 (406.4) 292.5 (87.2) 0 0 28.9 (252.6) 227.6 (96.7) (31) (41) (4.5) 53 17 (16.5) 16 (54.5) (9.8) (14) (8) 62.8
Stock Repurchased (185.1) (353.1) (84.6) (114.1) (204.5) (166.4) (109.9) (348.2) (185.5) (154) (189.2) (60) 0 (385.2) (75.9) (104) (201.3) (135.1) (101.1) (111.9) (327.8) 110.4 (99.7) (33.1) (80.2) (132.7) (156.4) (70.8) (71) (78.7) (98.2) (149.7) (170.1) (116.8) (106.2) (90.2) (80) 0 0 (16.5) (16.9) (39.5) 0 0 0 (194.4) 0 0 0 (33.7) (2.1) 0 0 0 (1.3) (7.1) 0 (9.2) 0 (14.1) (25.5) 0 0 0 0 0 0 0 0
Dividends Paid 0 (0.2) (0.3) (0.2) (0.3) (0.4) (0.3) (0.4) (0.3) (0.3) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.5) (0.5) (0.5) (0.5) (15.3) (15.7) (16.2) (16.4) (17) (15.8) (16) (16.2) (16.4) (11.1) (11.2) (11.3) (11.3) 0 0 0 0 0 0 0 0 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 Financing Activities (142.6) (96.8) (95.3) (87.2) (112.1) (7.4) (175.4) (65.2) (116.5) (80) (69.2) (87.9) (123.8) (238.2) (83.8) (81.4) (177) (30.4) (78.7) (81) (97.6) (343.8) (170) (154.8) (192.2) (152.1) 8.8 (148.9) (107) (28.4) (95.2) (136.8) (131.6) (138.5) (121.1) (152.5) (121.4) (134.7) (79.5) (95.9) (147.8) (0.0) (14.4) (0.2) (9.8) 0 (9.0) (296.2) 405.9 (108.6) 37.6 14.5 2.4 0 431.0 (0.6) (5.9) 8.4 0 0 (0.0) 0.0 (0.0) (0.1) (0.1) (1.3) (1.5) (0.1) 0
Financing Cash Flow (277.3) (200.1) (430.2) (201.5) (316.9) (271.8) (188) (413.8) (302.3) (234.3) (258.8) (148.3) (116.9) (623.8) (162.9) (227.3) (388.9) (172.8) 16.5 (201.1) (440.9) (233.9) 4.8 (188.6) (37.7) (300.5) (163.8) (226.7) (243.7) (141.4) (245.9) (282.7) (313.1) (318.2) (354.3) (239.8) (277.4) 162.9 51 (274.2) 259.8 (42.3) (12.6) (11.3) (2.6) 102.7 0.6 3.3 (0.5) 150.2 (85.2) 28.2 (7.2) 29.9 165.1 (1.6) 129.1 (39.4) (37.6) (18.6) 31.6 7.9 (16.9) 16.0 47 (11.1) (15.5) (8.1) 62.8
Cash Position
Net Change in Cash (209.9) 109.9 115.1 (455.5) (133.5) (60.7) 145.2 72.1 (20.2) (185.6) 213.7 (47.3) 403.6 (193.7) 16.1 105.8 (407.5) (219.5) 350.1 11.7 (273.5) 110.3 247.8 89.4 52.6 137.1 42.5 54.8 (260.3) 117.4 55.3 58.6 (105.3) 64.8 10.1 71 (137.2) 8.8 61.6 62.8 (266.2) (32.1) 48.7 (17.6) (15.1) 106.4 22.2 30.6 29.1 143.7 (50.2) (50.0) 17.5 37.0 (131.6) 29.2 148.7 (18.4) 1.1 13.0 (18.0) 18.4 3.4 (8.7) 17.1 (6.1) (6.7) 7.1 6.7
Cash at Beginning 586 476.1 361 816.5 950 1,010.7 865.5 793.4 813.6 999.2 785.5 832.8 429.2 622.9 606.8 501 908.5 1,128 777.9 766.2 1,039.7 929.4 681.6 592.2 539.6 402.5 360 305.2 565.5 448.1 392.8 334.2 439.5 374.7 364.6 293.6 430.8 422 360.4 297.6 563.8 171.3 122.7 140.3 359.7 253.3 231.1 200.5 171.4 27.7 77.9 127.9 110.4 73.4 205.1 175.8 27.1 50.0 48.9 35.9 53.9 35.5 32.1 40.8 23.7 29.9 36.6 29.5 22.8
Cash at End 376.1 586 476.1 361 816.5 950 1,010.7 865.5 793.4 813.6 999.2 785.5 832.8 429.2 622.9 606.8 501 908.5 1,128 777.9 766.2 1,039.7 929.4 681.6 592.2 539.6 402.5 360 305.2 565.5 448.1 392.8 334.2 439.5 374.7 364.6 293.6 430.8 422 360.4 297.6 139.2 171.3 122.7 308.6 359.7 253.3 231.1 200.5 171.4 27.7 77.9 127.9 110.4 73.4 205.1 175.8 31.6 50.0 48.9 35.9 53.9 35.5 32.1 40.8 23.7 29.9 36.6 29.5
Free Cash Flow 299.5 265.4 275.9 229.4 207.3 211.4 264.5 244.6 208.2 249.1 291.3 88.6 232.9 255 287.9 359.1 141.3 358.4 343.6 360.6 188.2 380.8 249.1 287.9 83 309.3 307.3 323.8 (20.9) 259.2 295.7 367.5 199.5 365.3 349.8 318.8 118 339.4 336.6 311.3 21.5 71.2 65.0 (8.7) 63.4 10.5 32.8 29.0 34.4 (3.6) 34.3 39.2 38.3 9.4 23.5 33.7 29.3 24.6 40.3 32.7 49.8 11.9 18.3 17.0 35.9 8.1 9.5 15.3 8.2
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 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 544.9 800.4 528 493.2 496.6 524.3 516.4 500.3 499.9 502.6 525.2 512.5 517.4 539.7 578.6 604.1 517.4 691.8 575.2 586.3 559.1 554.3 494.8 471.1 507.3 555.6 549 591.9 543.1 564.5 601.3 600.1 612.4 604.1 585.7 570.9 544.3 550.4 544.7 554.1 545.4 589.8 613.1 646.6 635 641.2 640.3 636.3 593.1 594 551.6 541 502.2 491 467.3 429.6 417.7 402.4 413.8 462.3 426.3 420.8 354.4 332.1 251 244.7 217.5 201.2 178.5 223.4 290.8 309.0 335.0 383.0 345.6 331.5 309.8 328.8 280.4 283.1 278.0 272.5 234.1 208.3 201.6 184.0 165.8 158.6 151.6 139.6 116.7 118.3 129.6 110.5 100.7 100.5 114.8 118.2 110.9 114.8
Gross Profit 441.5 667 274.5 229.5 266.3 285.5 295.6 285 259.5 258.1 313.4 283.6 295.1 265.2 304.8 335.9 295.1 396.9 318.8 337.4 312.2 307.5 282.3 254.6 299.5 320.8 327 333.9 314.9 338.6 347.7 359.1 345.7 348 347 328.7 302.3 320.9 300.5 322 318.7 350.8 369.4 354.4 382.2 377.2 382.2 363.7 357.4 326.2 321.8 305.6 287.7 272.2 270.5 241.5 236.6 228.5 244.9 265.8 246.8 239.8 202.8 189.3 131.8 134.8 112.2 97.9 94.3 122.1 167.1 168.1 184.0 235.5 195.7 188.4 168.1 214.4 157.6 164.4 272.5 266.1 138.7 125.4 196.8 179.6 160.7 155.1 147.9 135.1 112.9 113.6 126.5 107.2 98.0 97.9 112.2 115.3 108.5 112.4
Operating Income 77.4 308.5 165.1 125 85.5 175.9 188 185.2 157.5 159.5 206.8 182.6 181.8 139.3 193.4 225.6 181.8 285.6 223 235.8 221.6 194.3 171.7 83.8 183.5 129.4 195.1 199 173.5 155.2 199.3 213.9 198.6 280 289.5 275.9 176.6 173.8 238.5 247 178.8 193.2 215.2 195.2 231.4 198.6 224.2 198.4 194 153.1 169.1 161.4 150.5 126.9 139.7 25 108.8 95.2 126 140 124.9 114.1 95.6 95.8 68.5 79.1 63.0 50.9 44.7 46.0 102.8 103.5 114.6 (28.8) 127.6 123.9 112.3 143.7 102.1 104.5 103.7 104.0 80.8 75.8 74.5 75.4 64.4 66.4 61.7 58.8 46.2 45.3 55.6 43.4 37.9 37.3 44.7 43.8 42.0 43.9
Net Income 110.4 347.6 212.4 84.3 72.4 162.1 123.6 76 149.8 196.1 217 125.3 134.5 777.9 112.6 109.4 134.5 178.4 128.4 109 149.9 115.9 71.3 30.7 (15.6) 22.5 86.3 107.7 (200.8) (151.3) 124.9 117 153 315.3 125.4 126.3 122.5 151.7 110.2 108.3 104 150.3 107.7 128.7 128 170.6 103.2 99.1 77.2 158.2 75.2 64.7 62.4 75.1 54.9 6.6 37.4 40.3 40.1 45.5 39.1 62.0 34 25.2 17.5 24.6 17.8 11.0 6.1 (69.8) 24.8 34.6 31.2 60.9 42.6 41.9 36.6 49.0 33.1 33.9 35.2 38.8 28.5 26.2 25.6 23.3 16.8 18.9 18.2 17.3 13.8 13.3 15.4 12.6 13.1 11.9 14.8 14.4 13.7 13.8
EPS (Diluted) 3.84 11.21 6.87 2.80 2.20 4.50 3.78 2.26 4.14 5.15 5.47 3.25 3.47 17.40 2.80 2.68 3.44 4.17 3.00 2.55 3.41 2.55 1.53 0.65 -0.33 0.46 1.71 2.11 -3.87 -2.88 2.34 2.16 2.77 5.50 2.22 2.22 2.13 2.67 2.00 1.97 1.92 2.72 1.96 2.31 2.28 3.02 1.84 1.77 1.40 2.79 1.37 1.18 1.15 1.40 1.04 0.12 0.71 0.77 0.76 0.85 0.74 1.17 0.65 0.53 0.38 0.54 0.40 0.26 0.15 -1.70 0.59 0.82 0.81 1.34 1.07 1.04 0.93 1.10 0.87 0.86 0.81 0.84 0.67 0.63 0.61 0.53 0.46 0.51 0.57 0.37 0.43 0.39 0.45 0.37 0.39 0.35 0.44 0.43 0.41 0.40
Balance Sheet
Cash & Equivalents 376.1 586 476.1 361 816.5 950 1,010.7 865.5 793.4 813.6 999.2 785.5 832.8 429.2 622.9 606.8 501 908.5 1,128 777.9 766.2 1,039.7 929.4 681.6 592.2 539.6 402.5 360 305.2 565.5 448.1 392.8 334.2 439.5 374.7 364.6 293.6 430.8 422 360.4 297.6 220.5 203.8 259.5 274.4 237.3 206.6 344.7 359.7 253.3 200.5 171.4 27.7 77.9 205.1 175.8 27.1 31.6 50.0 48.9 35.9 53.9 35.5 32.1 40.8 23.7 29.9 36.6 29.5 22.8
Total Assets 9,396.1 9,207.4 8,928.2 8,807.6 8,714.1 8,830.9 8,903 8,845 9,024.6 9,059.6 9,003.6 8,966.1 8,895.8 8,881 8,430.2 8,468.7 8,570.8 8,876.4 8,107.6 8,021.7 7,680.6 7,888.9 7,669.5 7,496.1 7,482.3 7,653.5 7,679 7,727.8 7,677 8,219.1 8,538.8 8,490.5 8,584.2 8,702.1 8,701.4 8,632.3 8,590.1 8,749.1 8,323.4 8,034.7 8,091.3 4,938.5 3,865.9 3,390.9 3,080.3 2,989.3 2,755.1 1,702.1 1,634.9 1,519.2 1,425.0 1,388.4 1,243.0 1,292.8 948.6 920.1 768.5 793.7 814.6 819.3 822.3 909.1 691.0 690.4 655.3 605.3 557.8 566.3 560.7 457
Total Debt 2,918.6 2,691.3 2,371.6 2,621.2 2,620.7 2,620.2 2,619.7 2,525.2 2,524.9 2,537.5 2,536.9 2,536.4 2,535.9 2,535.3 2,534.8 2,534.3 2,577.9 2,490.4 2,491.8 2,299.3 2,303.1 2,312.1 2,660.6 2,392.5 2,744.6 2,243.5 1,792.6 1,791.4 1,780.7 2,609.3 1,841.4 1,882.6 1,861.5 1,854.7 1,913.6 2,032.4 2,026 2,109.6 2,113.3 2,136.9 2,300.8 1,075.4 630.1 457.0 451.3 448.4 1,032.5 431.3 963.0 435.1 665.2 667.1 471.4 533.8 277.6 278.1 147.5 151.8 182.8 223.8 228.3 175.3 158.3 174.8 158.8 213.3 201.1 215.1 223.1 159.5
Stockholders' Equity 3,089.8 3,238.4 3,343.4 3,238.7 3,188.2 3,345.3 3,316.3 3,330.9 3,590.2 3,587.9 3,495 3,398 3,271.9 3,230.3 2,766.2 2,741 2,668.8 2,786.4 2,636.9 2,609.6 2,651.2 2,779.7 2,848.9 2,854.7 2,980 2,937.5 3,070 3,225.3 3,140.4 3,457.4 3,618.2 3,639.3 3,677 3,822.2 3,627.5 3,600 3,584.9 3,619.6 3,182.7 2,918.7 2,868.3 1,487.9 1,140.7 1,109.7 1,180.6 1,086.5 641.4 442.2 422.9 614.8 571.7 551.4 571.9 560.6 534.3 523.7 505.6 493.9 487.6 469.9 470.4 478.0 442.5 432.2 422.8 313.7 305.4 301.1 295.2 259.7
Cash Flow
Operating Cash Flow 303.3 267.3 277.1 230.8 208.9 212.5 265.2 245.2 209.2 254.9 293.9 90.7 234.8 257.3 290.9 361.5 145 361.9 346.4 362 188.9 382.5 251.4 289.8 85.6 312.5 307.4 327.1 (17.9) 264.4 298.9 372.3 205 369.9 356.5 321.9 122.1 347.9 343.1 315.8 25.6 75.3 67.3 (6.0) 65.6 11.8 33.5 49.3 35.8 (2.1) 35.4 40.3 40.9 10.6 30.5 31.9 30.2 20.6 42.1 39.4 51.6 13.9 18.4 19.9 36.9 9.8 10.3 16.3 9
Capital Expenditure (3.8) (1.9) (1.2) (1.4) (1.6) (1.1) (0.7) (0.6) (1) (5.8) (2.6) (2.1) (1.9) (2.3) (3) (2.4) (3.7) (3.5) (2.8) (1.4) (0.7) (1.7) (2.3) (1.9) (2.6) (3.2) (0.1) (3.3) (3) (5.2) (3.2) (4.8) (5.5) (4.6) (6.7) (3.1) (4.1) (5.1) (6.5) (4.5) (4.1) (4.1) (2.4) (2.6) (2.2) (1.3) (0.7) (20.4) (1.4) (1.5) (1.1) (1.2) (2.6) (1.2) (7.0) 1.8 (0.9) 4.0 (1.8) (6.7) (1.8) (2.1) (0.1) (2.9) (1) (1.7) (0.8) (1.1) (0.8)
Free Cash Flow 299.5 265.4 275.9 229.4 207.3 211.4 264.5 244.6 208.2 249.1 291.3 88.6 232.9 255 287.9 359.1 141.3 358.4 343.6 360.6 188.2 380.8 249.1 287.9 83 309.3 307.3 323.8 (20.9) 259.2 295.7 367.5 199.5 365.3 349.8 318.8 118 339.4 336.6 311.3 21.5 71.2 65.0 (8.7) 63.4 10.5 32.8 29.0 34.4 (3.6) 34.3 39.2 38.3 9.4 23.5 33.7 29.3 24.6 40.3 32.7 49.8 11.9 18.3 17.0 35.9 8.1 9.5 15.3 8.2