Ares Capital Corporation logo ARCC - Ares Capital Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 24
HOLD 8
SELL 0
STRONG
SELL 0
| PRICE TARGET: $19.00 DETAILS
HIGH: $19.00
LOW: $19.00
MEDIAN: $19.00
CONSENSUS: $19.00
UPSIDE: 1.17%
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 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
Revenue
Revenue 763 635 655 579 446 567 613 532 639 588 660 489 429 342 249 230 375 505 444 585 516 476 532 368 (518) 295 257 276 287 214 272 322 311 300 204 258 212 144.4 169 224 199 98.1 184.8 217.8 176.9 223.3 248.7 209.3 185.1 193.4 198.7 187.8 133.0 225.9 145.5 104.7 117.1 (63.0) 167.4 60.2 135.7 421.0 138.1 121.6 66.5 25.6 60.9 59.1 56.0 14.7 49.8 63.5 52.2 0 47.9 47.4 39.7 17.4 31.8 30.5 20.2 14.9 11.6 9.6 5.8 4.4
Cost of Revenue 213 188 195 172 172 174 181 160 144 144 132 128 127 128 105 87 83 85 76 76 73 72 66 66 73 70 67 60 62 52 49 52 51 51 48 48 49 28.1 38 41 46 55.4 56.6 56.4 58.6 56.3 54.1 53.2 52.5 47.5 44.4 40.3 39.3 39.5 56.5 43.5 46.4 48.7 28.5 59.2 47.7 76.5 33.2 26.7 16.6 17.5 15.7 15.5 15.0 15.8 16.2 16.7 13.6 0 12.1 12.0 0 0 0 0 0 0 0 0 0 0.6
Gross Profit 550 447 460 407 274 393 432 372 495 444 528 361 302 214 144 143 292 420 368 509 443 404 466 302 (591) 225 190 216 225 162 223 270 260 249 156 210 163 116.3 131 183 153 42.7 128.2 161.4 118.3 167.0 194.6 156.2 132.6 145.9 154.3 147.5 93.7 186.5 89.1 61.2 70.7 (111.7) 138.9 1.0 88.0 344.5 104.9 94.9 49.9 8.1 45.1 43.6 41.0 (1.1) 33.6 46.8 38.6 0 35.8 35.4 39.7 17.4 31.8 30.5 20.2 14.9 11.6 9.6 5.8 3.8
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 146 0 15 13 12 10 12 11 10 9 12 11 10 9 11 8 10 10 11 9 9 9 10 10 9 9 11 13 12 9 8 11 14 14 14 24 37 14.3 12 18 12 10.7 10.5 12.3 10.4 11.1 9.4 10.4 10.2 9.6 9.5 10.1 9.5 7.8 6.9 8.2 8.8 10.4 8.9 10.9 8.0 15.2 9.6 20.4 9.8 10.6 5.6 4.5 2.8 1.5 2.7 2.4 1.8 9.7 0.3 0.2 0.2 5.9 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.8
Other Expenses 0 (82) 14 16 14 13 14 14 29 13 13 13 12 13 15 14 58 20 18 11 56 10 11 10 9 9 (1) (1) (5) (2) 0 (1) (1) (2) (2) 1 6 19 5 4 4 6.6 0 0 3.8 0 0 0 0.1 0 0 0 0 0 (9.4) 0 (17.9) (217.4) 0 (55.5) 37.1 (7.6) 22.8 23.1 8.6 (42.4) 6.2 7.2 7.9 (321.2) 10.5 8.1 11.2 (68.8) 23.8 22.2 20.6 (6.8) 14.6 16.0 8.1 3.1 5.2 3.6 2.0 0
Operating Expenses 146 (82) 29 29 26 23 26 25 39 22 25 24 22 22 26 22 68 30 29 20 65 19 21 20 18 18 10 12 7 7 8 10 13 12 12 25 43 33.3 17 22 16 17.3 10.5 12.3 14.2 11.1 9.4 10.4 10.2 9.6 9.5 10.1 9.5 7.8 6.9 8.2 8.8 (207.0) 8.9 10.9 45.1 300.2 11.1 21.6 18.4 (31.8) 6.1 5.3 4.2 (314.4) 13.2 3.4 13.0 (59.2) 24.1 22.5 20.8 (32.6) 14.8 16.2 8.3 3.3 5.4 3.8 2.2 0.8
Operating Income
Operating Income 404 529 431 378 248 370 406 347 456 422 503 337 280 192 118 121 224 390 339 489 378 385 445 282 (609) 207 180 204 218 155 215 260 247 237 144 185 120 83.0 114 161 137 25.4 117.7 149.1 104.1 155.9 185.3 145.8 122.4 136.3 144.8 137.4 84.1 178.7 91.5 90.8 79.8 95.3 99.0 45.7 49.9 68.4 71.1 50.2 31.5 38.4 33.4 32.0 30.2 32.7 32.7 36.2 25.7 59.2 23.8 24.9 19.0 18.3 17.1 14.3 11.9 11.6 6.2 5.8 3.5 3
Interest Expense 213 106.2 195 172 172 174 181 160 144 144 132 128 127 128 105 87 83 85 76 76 73 72 66 66 73 70 67 60 62 52 49 52 51 51 48 48 49 28.1 38 41 46 55.4 56.6 56.4 58.6 56.3 54.1 53.2 52.5 47.5 44.4 40.3 39.3 39.5 35.7 35.0 32.8 32.8 31.0 28.6 30.2 24.9 22.8 23.1 (44.4) 5.7 (45.5) (41.4) (39.3) 9.9 (37.5) (32.1) (26.6) 0 (24.9) (25.3) 0 0 0 0 0 0 0 0 0 0.5
Interest Income 0 149.7 561 533 526 542 568 539 513 521 495 476 470 456 385 319 310 336 317 305 289 294 280 287 298 296 299 296 289 263 262 262 254 251 238 231 231 195.0 200 203 207 209.5 207.9 201.3 198.7 201.0 190.8 176.2 173.5 176.2 169.6 158.0 144.2 155.9 144.6 138.0 132.9 0 121.5 111.3 110.6 339.2 0 0 8.6 206.7 5.7 6.3 6.6 183.5 9.5 7.2 9.9 0 9.4 7.6 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 710 529 431 378 248 370 406 347 456 422 503 337 280 192 118 121 224 390 339 489 378 385 445 282 (609) 207 180 204 218 155 215 260 247 237 144 185 120 83.5 114.2 161.2 137.2 25.6 117.9 149.3 104.3 156.1 185.5 146.0 122.6 136.5 145.0 137.6 84.4 178.9 0 0 0 0 0 0 0 0 0 0 0 4.2 0 0 0 0 0 0 0 57.7 0 0.5 0 0 0 0 0 0 0 0 8.5 3.9
EBIT 710 529 431 378 248 370 406 347 456 422 503 337 280 192 118 121 224 390 339 489 378 385 445 282 (609) 207 180 204 218 155 215 260 247 237 144 185 120 83.0 114 161 137 25.4 117.7 149.1 104.1 155.9 185.3 145.8 122.4 136.3 144.8 137.4 84.1 178.7 (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.3) (0.3) (0.3) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.1) (0.1) (0.1) 59.2 (0.1) 0.4 (0.6) (0.1) (1.4) (0.0) 0 0 0 0 0 3.9
Income Before Tax 98 319 431 378 248 370 406 347 456 422 503 337 280 192 118 121 224 390 339 489 378 385 445 282 (609) 207 180 204 218 155 215 260 247 237 144 185 120 83.0 114 161 137 25.4 117.7 149.1 104.1 155.9 185.3 145.8 122.4 136.3 144.8 137.4 84.1 178.7 138.6 93.8 108.3 121.0 41.3 38.8 125.8 161.9 128.2 330.8 76.3 (52.0) 63.7 34.8 35.1 (44.5) (8.7) 3.4 8.8 59.2 23.8 33.5 19.0 50.0 17.1 14.3 11.9 11.6 6.2 5.8 3.5 3.4
Income Tax Expense 6 26 27 17 7 13 12 25 7 9 3 6 2 18 14 10 13 8 5 11 5 7 4 5 3 3 5 4 4 2 6 6 5 5 5 7 2 8.2 4 4 5 10.7 0.9 2.6 3.5 2.5 7.5 2.9 5.4 2.4 4.0 3.9 3.8 3.5 2.0 2.9 2.7 2.8 0.7 1.9 2.0 5.0 (0.2) 0.7 (0.2) 0.0 0.5 0.1 0.0 0.6 (0.1) 0.1 (0.3) (0.7) (0.1) (0.0) 0.0 9.9 (0.3) (5.0) 0.2 (4.3) (3.6) (1.8) (5.0) 0
Net Income 92 293 404 361 241 357 394 322 449 413 500 331 278 174 104 111 211 382 334 478 373 378 441 277 (612) 204 175 200 214 153 209 254 242 232 139 178 118 74.8 110 157 132 14.7 116.9 146.5 100.6 153.4 177.7 142.8 117.0 133.9 140.8 133.5 80.3 175.1 136.6 90.9 105.5 118.1 40.6 36.9 123.8 156.9 128.4 330.2 76.4 69.6 63.3 34.8 35.0 (74.0) (41.4) 3.3 9.2 47.6 22.9 33.6 18.9 39.6 18.1 16.7 13.8 15.9 9.9 7.6 8.5 3.4
Per Share Data
EPS (Basic) 0.13 0.41 0.57 0.52 0.36 0.55 0.62 0.52 0.76 0.72 0.89 0.61 0.52 0.34 0.21 0.22 0.44 0.84 0.73 1.09 0.87 0.89 1.04 0.65 -1.42 0.48 0.41 0.47 0.50 0.36 0.49 0.60 0.57 0.54 0.33 0.42 0.28 0.24 0.35 0.50 0.42 0.05 0.37 0.47 0.32 0.49 0.57 0.48 0.39 0.45 0.52 0.50 0.32 0.70 0.59 0.41 0.49 0.54 0.20 0.18 0.61 0.82 0.67 1.73 0.61 0.56 0.62 0.36 0.36 -0.76 -0.43 0.04 0.12 0.15 0.32 0.48 0.44 0.39 0.39 0.44 0.36 0.42 0.42 0.33 0.69 0.31
EPS (Diluted) 0.13 0.41 0.57 0.52 0.36 0.55 0.62 0.52 0.76 0.70 0.87 0.59 0.51 0.33 0.21 0.22 0.43 0.84 0.73 1.09 0.87 0.89 1.04 0.65 -1.42 0.48 0.41 0.47 0.50 0.36 0.49 0.60 0.57 0.54 0.33 0.42 0.28 0.24 0.35 0.50 0.42 0.05 0.37 0.47 0.32 0.49 0.57 0.48 0.39 0.45 0.52 0.50 0.32 0.70 0.59 0.41 0.49 0.54 0.20 0.18 0.61 0.82 0.67 1.73 0.61 0.56 0.62 0.36 0.36 -0.76 -0.43 0.04 0.12 0.14 0.32 0.48 0.44 0.39 0.39 0.44 0.36 0.42 0.42 0.33 0.69 0.31
Shares Outstanding 718 699 709 695 676 655 635 616 591 554 562 547 534 514 503 494 479 463 453 440 429 421 423 423 430 429 427 426 426 426 426 426 426 425 426 426 422 314 314.0 314 314.3 312.9 314.5 314.5 314.1 313.1 310.6 298.3 298.0 266.9 268.3 266.2 248.7 230.2 233.1 221.9 217.0 204.9 205.1 204.8 204.4 190.6 192.2 191.0 124.5 101.7 102.8 97.2 97.2 89.7 97.2 90.1 74.1 72.7 72.1 70.1 53.2 52.9 46.9 38.1 38.0 38.0 23.3 23.2 12.3 11.1
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 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
Current Assets
Cash & Cash Equivalents 505 924 1,036 447 647 635 486 601 509 535 527 411 359 303 257 204 695 372 1,193 377 337 254 233 278 460 167 253 572 572 296 799 509 302 316 341 536 247 223 125.1 125.9 77.2 257 247.1 299.1 132.0 194.6 107.9 223.2 146.6 149.6 135.5 100.5 102.5 269.0 105.5 101.3 216.4 120.8 103.1 84.9 246.2 100.8 134.4 138.8 83.8 99.2 61.5 46.3 48.0 89.4 61.4 77.0 25.1 21.1 48.7 61.5 54.3 91.5 67.6 44.8 19.0 16.6 15.4 53.9 119.6 27 0.0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 256,799 0 0 0 0 0 0 0 149,479.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,774.2 0 0 0 0 0 0 0 0 0 0 0 (0.2) 0
Net Receivables 0 605 631 306 272 516 382 331 464 261 259 186 194 180 181 235 133 222 135 312 100 223 136 183 134 131 125 105 142 103 154 145 93 94 139 143 203 141 142.3 125.8 162.0 137,968 135.4 142.7 196.6 161.8 196.2 154.0 148.2 252.5 133.6 119.6 116.0 108,998 114.9 101.4 101.2 99.6 82.7 78.7 72.8 81.4 88.2 78.7 45.4 28.0 21.2 27.1 17.6 17.6 17.2 25.2 27.2 25.1 17.4 18.0 14.1 10.1 10.9 7.9 8.0 0 3.4 3.4 0 1.1 0
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 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 29 78 42 18 34 105 57 19 114 20 57 19 72 43 23 655 9 0 0 2 8 7 12 0 0 0 0 5 0 0.9 0 4.0 4 0 0.3 0.3 1.5 0.5 0 0 0 0 0 0 0 0 0 0 72.5 82.0 0 0 0 59.8 62.2 0 0 14.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 505 1,529 1,667 753 919 1,151 868 932 973 825 864 639 571 517 543 496 847 708 1,348 746 456 549 412 484 1,249 307 374 677 686 407 960 666 401 410 446 646 455 364 268.3 256.6 243.2 395,028 382.5 442.1 328.8 357.9 304.6 376.2 287.9 149,881.5 256.0 220.0 218.4 378,041 265.4 202.7 317.7 292.9 290.4 190.1 356.6 182.2 282.4 279.7 129.3 127.2 97.4 73.4 65.6 106.9 78.6 102.2 52.3 44,872,494 66.1 79.5 68.4 101.7 78.5 52.7 27.0 16.6 18.8 57.3 119.6 27.9 0.0
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 0 7 8 9 0 13 15 18 20 21 23 24 27 31 34 36 38 85 90 94 94 99 101 105 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 29,485 0 0 0 0 0 0 0 22,889 21,929 21,496 21,148 21,780 21,339 21,170 19,486 20,009 17,677 17,136 15,429 15,515 14,358 13,842 14,370 14,426 13,892 12,992 13,064 12,417 11,220 11,527 12,199 11,841 11,456 11,498 11,407 8,820 8,804.7 8,900.4 9,072.1 9,056 8,692.5 8,573.4 8,481.9 9,028.4 8,783.6 8,067.9 7,799.6 7,632.9 7,385.3 6,815.0 6,030.5 0 5,936.2 5,504.8 5,204.5 0 4,755.2 4,643.2 4,263.0 4,318.0 4,149.8 3,794.0 2,220.2 2,171.8 1,967.7 1,962.5 1,969.1 1,973.0 2,093.7 2,090.5 1,934.3 1,774.2 1,615.6 1,616.0 1,433.7 1,235.8 1,033.0 878.2 747.1 586.0 424.4 302.3 235.3 183 0
Other Non-Current Assets 30,174 144 29,139 28,318 27,398 27,103 26,225 25,152 23,274 86 114 81 75 81 135 108 106 99 98 110 100 94 95 101 93 78 (13,892) (12,992) (13,064) (12,417) 0 0 (12,199) (11,841) (11,456) 0 (11,407) (8,820) (8,804.7) 0 0 (9,056) 0 0 0 (9,028.4) 0 0 0 (7,632.9) 0 0 0 0 99.6 100.0 87.0 0 0 78.3 87.4 62.4 0 0 0 14.5 0 11.2 10.2 11.4 12.2 8.4 (1,934.3) 9.0 (1,615.6) (1,616.0) (1,433.7) 10.5 (1,033.0) (878.2) (747.1) (586.0) (424.4) (302.3) 0 9.5 0
Total Non-Current Assets 30,174 29,629 29,139 28,318 27,398 27,103 26,232 25,160 23,283 22,975 22,056 21,592 21,241 21,881 21,495 21,301 19,616 20,135 17,806 17,280 15,565 15,647 14,538 14,033 14,557 14,598 99 101 105 12,488 11,220 11,527 12,199 11,937 11,456 11,498 11,407 8,881 8,804.7 8,900.4 9,072.1 9,145,388 8,692.5 8,573.4 8,481.9 9,151,265.4 8,783.6 8,067.9 7,799.6 7,875,526.9 7,385.3 6,815.0 6,030.5 6,017,258.4 6,035.7 5,604.8 5,291.5 5,094.5 4,755.2 4,721.5 4,350.4 4,380.4 4,149.8 3,794.0 2,220.2 2,186.3 1,967.7 1,973.7 1,979.3 1,984.4 2,105.9 2,098.8 1,934.3 1,783.2 1,615.6 1,616.0 1,433.7 1,246.3 1,033.0 878.2 747.1 597.0 424.4 302.3 235.3 192.5 0
Total Assets 30,679 31,235 30,806 29,071 28,317 28,254 27,100 26,092 24,256 23,800 22,920 22,231 21,812 22,398 22,038 21,797 20,463 20,843 19,154 18,026 16,021 16,196 14,950 14,517 15,806 14,905 14,458 13,846 13,962 12,895 12,255 12,297 12,693 12,347 12,041 12,328 11,990 9,245 9,135.9 9,207.6 9,365.5 9,507 9,173.0 9,124.9 8,917.5 9,497.8 9,203.1 8,560.2 8,199.5 8,141.5 7,754.1 7,130.8 6,353.1 6,401.2 6,301.2 5,807.5 5,609.1 5,387.4 5,045.5 4,911.5 4,707.0 4,562.5 4,432.2 4,073.7 2,379.3 2,313.5 2,065.1 2,047.1 2,044.9 2,091.3 2,184.5 2,201.1 1,996.4 1,829.4 1,690.3 1,704.5 1,512.3 1,348.0 1,122.6 942.4 778.6 613.6 444.9 360.8 360.5 221 0.0
Current Liabilities
Account Payables 225 86 130 199 140 406 164 163 121 115 98 86 71 87 223 194 75 307 215 163 68.6 66 22.2 40.1 25.3 100 213 171 138 155 195 293 224 245 243 312 245 102 88.0 84.4 90.9 113 104.9 125.8 104.8 129.0 122.5 138.3 119.4 111.6 87.7 96.5 82.7 85.4 46.3 39.0 39.0 74.1 37.2 39.7 32.3 81.1 113.2 98.5 35.8 19.7 0.5 16.7 52.2 54.7 32.3 22.1 20.5 10.3 15.6 44.3 12.7 64.1 17.3 20.2 8.4 20.1 7.2 3.9 8.3 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 1,333 30 41 50 807 54 36 14 20 21 20 43.4 27 74.8 87.9 98.7 18 128 131 0 300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 463 0 0 0 538.3 0 0 0 221.6 0 0 0 114.3 0 0 865.6 85 527.5 552 670 482 0 0 0 18 82 0 0 56 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 808 0 0 0 0 0 0 0 24 0 0 0 21 0 0 0 0 0 0 0 0 0 0 0 0 (359) (323) 17.9 (648) (396) (485) (173) (395) (373) (439) (370) (206) (206.0) (204.2) (200.8) 802 (239.9) (260.2) (232.9) (289.6) (274.2) (269.2) (242.3) (250.8) (223.9) (220.3) (195.3) (131.6) 0 0 0 (26.4) 0 0 0 (21.8) 0 0 0 (2.6) 0 0 0 (3.9) 0 0 (4.2) (4.8) (2.9) (3.1) (1.9) (14.5) 0 0 (13.7) (44.0) 0 (7.4) (11.6) 0 0
Total Current Liabilities 580 894 130 199 140 406 164 163 121 1,866 469 413 485 1,217 573 570 435 724 561 514 321 375 288 300 289 335 128 131 306.9 648 396 485 224 395 373 439 370 206 206.0 204.2 200.8 1,022 239.9 260.2 232.9 289.6 274.2 269.2 242.3 250.8 223.9 220.3 195.3 85.4 179.8 166.2 157.0 629.6 142.0 157.1 116.0 671.8 129.6 117.5 39.0 307.7 74.6 79.1 54.2 202.0 36.2 24.8 886.1 108.3 543.1 596.3 682.7 546.1 17.3 20.2 8.4 44.0 89.2 3.9 11.6 56 0
Non-Current Liabilities
Long-Term Debt 15,848 15,991 15,605 14,109 13,922 13,759 13,547 13,007 11,744 10,617 11,551 11,406 11,244 11,539 11,895 11,806 10,602 11,094 9,992 9,332 8,005 8,514 7,552 7,402 8,184 6,973 0 0 6,197 4,914 4,546 4,542 5,118 0 4,640 4,838 4,585 3,874 3,720.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,212.7 2,194.8 2,018.9 1,610.6 1,800.2 1,620.1 1,428.0 840.2 1,524.1 1,244.9 771.4 747.9 767.9 879.3 902.6 794.5 902.2 847.7 0 596.5 0 0 670 0 366 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 28 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 186 4 749 729 583 734 616 558 519 116 77 42 18 56 105 57 19 114 20 57 19 72 43 23 655 9 6,600 6,026 169.9 300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Non-Current Liabilities 16,034 16,023 16,354 14,838 14,505 14,493 14,163 13,565 12,263 10,733 11,636 11,464 11,278 11,626 12,029 11,892 10,649 11,251 10,056 9,434 8,068 8,645 7,699 7,526 8,934 7,103 6,722 6,145 6,486 5,214 4,546 4,542 5,118 4,854 4,640 4,838 4,585 3,874 3,720.9 3,785.4 3,984.8 4,138.5 3,653.3 3,582.2 3,429.2 3,924.5 3,679.2 3,357.4 3,058.7 2,986.3 3,137.9 2,562.4 2,179.1 2,195.9 2,212.7 2,194.8 2,018.9 1,610.6 1,800.2 1,620.1 1,428.0 840.2 1,524.1 1,244.9 771.4 747.9 767.9 879.3 902.6 794.5 902.2 847.7 0 596.5 0 0 670 0 366 0 0 0 0 0 0 0 0
Total Liabilities 16,614 16,917 16,484 15,037 14,645 14,899 14,327 13,728 12,384 12,599 12,105 11,877 11,763 12,843 12,602 12,462 11,084 11,975 10,617 9,948 8,389 9,020 7,987 7,826 9,223 7,438 7,085 6,478 6,623 5,595 4,942 5,027 5,515 5,249 5,013 5,277 4,955 4,080 3,926.9 3,989.6 4,185.6 4,334 3,893.2 3,842.4 3,662.0 4,214.1 3,953.4 3,626.6 3,301.0 3,237.1 3,361.8 2,782.8 2,374.5 2,412.9 2,392.5 2,361.0 2,175.9 2,240.2 1,942.2 1,777.2 1,544.0 1,512.0 1,653.7 1,362.4 810.4 1,055.6 842.5 958.3 956.9 996.5 938.3 872.5 890.3 704.9 546.0 599.4 684.5 558.6 383.3 365.4 207.2 44.0 91.8 13.9 14.2 61 0
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 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 0.3 0.3 0.3 0 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 249 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0
Retained Earnings 705 958 851 789 765 852 728 642 620 462 309 80 15 (2) 66 196 308 315 164 19 (282) (480) (697) (969) (1,077) (293) 179 183 162 127 (80) (99) (99) (94) (78) (69) (31) 37 (3.3) (21.7) (7.6) (894) (46.3) (57.2) (46.2) (44.7) (60.0) (45.9) (24.6) (8.8) (7.3) (31.6) (23.3) (27.9) (26.8) (9.6) (15.4) (10,449) (36.2) (63.0) (35.1) (11,336) (25.3) 171.8 0 3.1 (4.8) 0 0 (7.6) 0 (0.6) 4.1 7.0 0 0.4 3.9 7.0 0 0 0 0 0 0 0.5 0 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (154.2) (201.3) (204.3) (232.8) (132.3) (74.6) (116.0) (143.7) 146.7 0 0 (235.8) (277.7) (307.3) (308) (293.5) (153.2) (71.0) 0 (19.1) 0 0 0 (2.8) 0 0 0 0 0 (0.1) 4.8 0 0
Total Stockholders' Equity 14,065 14,318 14,322 14,034 13,672 13,355 12,773 12,364 11,872 11,201 10,815 10,354 10,049 9,555 9,436 9,335 9,379 8,868 8,537 8,078 7,632 7,176 6,963 6,691 6,583 7,467 7,373 7,368 7,339 7,300 7,313 7,270 7,178 7,098 7,028 7,051 7,035 5,165 5,209.0 5,218.0 5,179.9 5,173 5,279.8 5,282.4 5,255.4 5,283.7 5,249.6 4,933.6 4,898.6 4,904.4 4,392.4 4,348.0 3,978.6 3,988.3 3,908.7 3,446.5 3,433.3 3,147.3 3,103.3 3,134.3 3,163.0 3,050.5 2,778.5 2,711.3 1,569.0 1,257.9 1,222.6 1,088.7 1,088.1 1,094.9 1,246.2 1,328.5 1,106.1 1,124.6 1,144.3 1,105.1 827.8 789.4 739.3 577.0 571.4 569.6 353.1 346.9 346.3 160 0.0
Total Liabilities & Equity 30,679 31,235 30,806 29,071 28,317 28,254 27,100 26,092 24,256 23,800 22,920 22,231 21,812 22,398 22,038 21,797 20,463 20,843 19,154 18,026 16,021 16,196 14,950 14,517 15,806 14,905 14,458 13,846 13,962 12,895 12,255 12,297 12,693 12,347 12,041 12,328 11,990 9,245 9,135.9 9,207.6 9,365.5 9,531.4 9,173.0 9,124.9 8,917.5 9,497.8 9,203.1 8,560.2 8,199.5 8,141.5 7,754.1 7,130.8 6,353.1 6,401.2 6,301.2 5,807.5 5,609.1 5,387.4 5,045.5 4,911.5 4,707.0 4,562.5 4,432.2 4,073.7 2,379.3 2,313.5 2,065.1 2,047.1 2,044.9 2,091.3 2,184.5 2,201.1 1,996.4 1,829.4 1,690.3 1,704.5 1,512.3 1,348.0 1,122.6 942.4 778.6 613.6 444.9 360.8 360.5 221 0.0
Debt Metrics
Total Debt 15,848 15,991 15,605 14,109 13,922 13,759 13,547 13,007 11,744 11,950 11,601 11,471 11,322 12,377 11,982 11,879 10,655 11,157 10,061 9,405 8,104.4 8,600 7,734.8 7,602.9 8,401.7 7,112 6,726 6,155 6,334 5,214 4,546 4,542 5,118 4,854 4,640 4,838 4,585 3,874 3,720.9 3,785.4 3,984.8 4,138.5 3,653.3 3,582.2 3,429.2 3,924.5 3,679.2 3,357.4 3,058.7 2,986.3 3,137.9 2,562.4 2,179.1 2,195.9 2,212.7 2,194.8 2,018.9 2,073.6 1,800.2 1,620.1 1,428.0 1,378.5 1,524.1 1,244.9 771.4 969.5 767.9 879.3 902.6 908.8 902.2 847.7 865.6 681.5 527.5 552 1,340 482 366 345 185 18 82 0 0 56 0
Net Debt 15,343 15,067 14,569 13,662 13,275 13,124 13,061 12,406 11,235 11,415 11,074 11,060 10,963 12,074 11,725 11,675 9,960 10,785 8,868 9,028 7,767.4 8,346 7,501.8 7,324.9 7,941.7 6,945 (253) (572) 5,762 4,918 3,747 4,033 4,816 (316) 4,299 4,302 4,338 3,651 3,595.8 (125.9) (77.2) (257) (247.1) (299.1) (132.0) (194.6) (107.9) (223.2) (146.6) (149.6) (135.5) (100.5) (102.5) (269.0) 2,107.2 2,093.5 1,802.5 1,952.8 1,697.1 1,535.3 1,181.8 1,277.8 1,389.8 1,106.2 687.5 870.2 706.4 833.0 854.6 819.4 840.7 770.7 840.6 660.4 478.8 490.5 1,285.7 390.5 298.4 (44.8) (19.0) 1.4 66.6 (53.9) (119.6) 29 (0.0)
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
Operating Activities
Net Income 92 293 404 361 241 357 394 322 449 413 500 331 278 174 104 111 211 382 334 478 373 378 441 277 (612) 204 175 200 214 153 209 254 242 232 139 178 118 75 110 157 132 15.0 116.9 146.5 100.6 153.4 177.7 142.8 117.0 133.9 140.8 133.5 80.3 (333.0) 136.6 90.9 105.5 (160.7) 40.6 36.9 123.8 156.9 128.4 330.2 76.4 69.6 63.3 34.8 35.0 (110.5) (41.4) 3.3 9.2 10.8 22.9 33.6 23.6 21.0 18.1 16.7 13.8 15.9 9.9 7.6 8.5 3.4
Depreciation & Amortization 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0.2 5 6 9.5 8.3 8.5 8.6 8.3 8.1 7.9 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 3.7 0.2 0.2 0.2 3.1 0.3 0.3 0.2 0.2 4.4 0.2 0.2 1.2 0.2 0 0.1 0.3 (1.4) 1.6 0.1 0.1 0.7 (0.7) 0 0 0 0 0 0 0
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (239) (38) (16) 101 (129) 112 36 18 (5) 53 58 (61) (19) (43) 23 54 (181) 163 30 124 (109) 86 102 (677) 567 (37) 7 75 (84) 19 (2) 20 (21) 29 46 (15) (57) 12.8 (11.7) 31 (18) (18.8) 1.7 18 (7.9) 29.2 (0.7) (6.7) (35.7) 6.5 (1.2) 27.5 (36.3) 52.5 16.4 (2.6) (7.5) 15.7 (23.2) 39.3 (0.6) 3.3 1.7 (53.4) (45.5) 3.1 14.7 6.0 6.7 4.7 18.9 4.0 (3.3) (8.8) 0.5 (0.7) (5.8) 4.9 (11.4) 10.4 0.9 (4.1) 2.5 0.1 (0.0) (190.3)
Other Non-Cash Items 261 (7) (23) (115) 70 (59) (93) (26) (223) (164) (278) (86) (25) 131 135 78 (51) (206) (100) (308) (226) (171) (322) (145) 810 (43) 32 (22) (40) 47 (21) (113) (121) (109) (57) (41) (2,401) (20.0) 89.5 179 (41) (355.9) (120.1) (45.5) 474.5 (221.8) (762.3) (248.2) (28.0) (332.4) (575.4) (776.5) (99.1) 565.6 (467.6) (304.4) (107.6) (33.5) (105.4) (350.2) 16.6 (154.1) (347.5) (687.1) (66.8) (205.0) (18.0) 19.5 (23.4) 125.5 (4.3) (156.6) (159.1) (151.8) (29.7) (151.6) (257.6) (142.3) (148.2) (136.5) (165.7) (157.2) (121.7) (70.6) (40.7) (0.9)
Operating Cash Flow 114 248 365 347 182 410 337 314 221 302 280 184 234 262 262 243 (21) 339 264 294 38 293 221 (545) 765 124 214 253 90 219 186 161 100 152 128 122 (2,340) 68.3 188 372 79.1 (350.1) 6.8 127.6 575.8 (30.8) (577.1) (104.0) 53.4 (191.8) (435.6) (615.2) (54.9) 285.3 (314.5) (215.9) (5.9) (178.3) (87.7) (273.8) 142.8 6.4 (217.1) (410.0) (35.7) (127.8) 60.1 60.5 19.5 19.9 (26.8) (149.1) (153.0) (151.3) (4.6) (118.6) (239.7) (115.6) (142.2) (109.4) (151.0) (145.5) (109.4) (62.8) (32.3) (187.8)
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 (186.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (774,190) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (3,277) (4,812) (3,508) (2,740) (3,015) (3,153) (3,248) (3,274) (2,947) (1,952) (1,400) (1,331) (1,121) (2,804) (2,199) (2,772) (2,077) (5,618) (2,481) (4,017) (1,528) (3,391) (649) (938) (1,781) (1,495) (2,095) (1,281) (1,925) (2,279) (1,947) (1,305) (1,578) (1,469) (5,760) (1,832) (898) 0 0 0 (494.3) (3,815,974) 0 0 (573.4) (4,536,804) 0 0 (828.1) (3,494,767) 0 0 (351.3) (3,160,021) 0 0 (382.6) (3,263,626) 0 0 (490.0) (1,559,819) 0 0 (305.2) (575.0) 0 0 (84.8) (925.9) 0 0 (325.6) 0 0 0 0 200.9 0 0 (200.9) (165.6) (166.1) (116.1) (51.0) 0
Sales/Maturities of Investments 3,347 4,137 2,370 2,175 2,534 2,475 2,390 1,642 2,705 1,291 1,166 1,099 1,759 2,182 1,957 1,029 2,579 3,512 2,222 2,537 1,979 2,372 432 1,633 1,031 1,045 1,164 1,376 1,320 1,067 2,218 2,093 1,369 1,243 5,804 1,905 897 0 0 0 488.5 3,692,199 0 0 1,060.8 3,411,764 0 0 790.1 1,722,672 0 0 237.0 2,494,062 0 0 311.6 2,516,090 0 0 579.8 1,562,356 0 0 288.5 461.8 0 0 77.1 497.3 0 0 155.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.8 0 0 0 (487.3) 1,125,040 0 0 38.0 1,772,095 0 0 114.2 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 0 200.9 165.6 166.1 116.1 51.0 0
Investing Cash Flow 70 (675) (1,138) (565) (481) (678) (858) (1,632) (242) (661) (234) (232) 638 (622) (242) (1,743) 502 (2,106) (259) (1,480) 451 (1,019) (217) 695 (750) (450) (931) 95 (605) (1,212) 271 788 (209) (226) 44 73 (1) 0 0 0 0 (123,775) 0 0 0 0 0 0 0 0 0 0 0 (665,959) 0 0 (71.0) (747,536) 0 0 89.7 (771,653) 0 0 (16.7) (113.2) 0 0 (7.7) (428.7) 0 0 (170.1) 0 0 0 0 200.9 0 0 0 0 0 0 0 0
Financing Activities
Net Debt Issuance (97) 394 1,494 158 116 300 454 1,270 234 348 150 162 (1,048) 390 86 1,202 (555) 1,105 658 1,313 (542) 941 151 (794) 1,218 360 579 (177) 987 665 0 (580) 266 211 (196) 256 710 149.2 (62) (203) (134) 481 67 149 (499.4) 241.4 318.0 295 68.6 (155.3) 572.5 380 (20) (14.6) 15.0 173.2 (52.6) 270.9 177.6 179.0 91.9 (130.0) 274.7 (346.1) (197.9) 207.3 (115.6) (27.1) 20.8 11.2 52.2 (18.1) 184.5 (250.4) (24.5) (118.0) 187.8 116 20.8 160 167.2 94.2 82 (79) 23.5 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (100) (64) 0 0 0 0 0 0 0 0 0 0 0 0.5 0 0 (5) (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 (260.0) 0 0 0 245.6 0 0 0 0 0 0 0 0 0 0 0 158.8
Dividends Paid (345) (319) (320) (317) (308) (303) (287) (279) (270) (263) (254) (253) (261) (247) (234) (223) (208) (182) (179) (167) (166) (169) (169) (169) (172) (174) (170) (171) (179) (166) (166) (162) (162) (162) (162) (162) (156) (118.9) (119) (119) (120) (119.5) (124.5) (108.3) (135.1) (119.4) (113.8) (108.5) (122.7) (127.1) (97.1) (97.2) (90.1) (101.0) (101.7) (72.4) (82.3) (73.8) (71.6) (65.6) (66.1) (65.6) (61.2) (60.4) (42.5) (34.5) (38.5) (35.0) (81.6) (76.4) (40.8) (40.8) (27.6) (30.5) (26.1) (23.6) (19.6) (20.6) (17.9) (24.8) (11.3) 0 (11.1) (2.9) (3.3) 0
Other Financing Activities (11) 0 (15) (19) (11) (21) (5) (18) (15) (3) (5) (12) 0 (1) 0 (1) 0 (15) (8) (17) 0 0 (11) (4) (22) (1) (11) 0 (17) (9) (1) 0 (9) 0 (9) 0 (28) (1.0) (6) (3) 0 (0.1) (1.2) (1.1) (3.9) (4.6) (0.0) (5.9) (2.3) (11.9) (4.8) (2.7) (1.6) (6.3) (22.0) 0 (16.1) (1.2) (0.0) (1.0) (23.2) (25.2) (0.7) (1.1) (16.4) (7.2) 109.1 0 0 73.3 0 260.0 0 404.6 (0.0) (0.0) 0.0 (5.6) 162.0 0 (2.5) (161.0) 0 79 (79) 213.6
Financing Cash Flow (453) 97 1,363 140 181 504 464 1,422 34 318 106 124 (832) 335 81 1,047 (253) 1,040 774 1,264 (459) 776 (29) (967) 924 249 398 (348) 791 490 (167) (742) 95 49 (367) 94 2,365 29.7 (187) (325) (259) 359.7 (58.7) 39.5 (638.4) 117.5 461.9 180.5 (56.4) 206.0 470.6 613.3 (111.7) (121.7) 318.7 100.7 101.5 195.9 106.0 112.4 2.6 (40.0) 212.7 465.0 20.3 165.6 (45.0) (62.2) (60.9) 8.1 11.2 201.1 156.9 123.7 (8.2) 125.8 202.5 139.6 164.9 135.2 153.4 146.7 70.9 (2.9) 125.1 213.6
Cash Position
Net Change in Cash (269) (330) 590 (78) (118) 236 (57) 104 13 (41) 152 76 40 (25) 101 (453) 228 (727) 779 78 30 50 (25) (814) 939 (77) (319) 0 276 (503) 290 207 (14) (25) (195) 289 24 98 1 47 (180) 9.9 (52.0) 167.1 (62.6) 86.7 (115.3) 76.5 (3.0) 14.1 35.0 (1.9) (166.6) 163.6 4.2 (115.1) 95.6 17.6 18.3 (161.3) 145.5 (33.6) (4.4) 55.0 (15.4) 37.8 15.2 (1.7) (41.4) 28.0 (15.6) 52.0 3.9 (27.6) (12.8) 7.2 (37.2) 23.9 22.8 25.8 2.4 1.2 (38.5) (65.7) 92.8 25.8
Cash at Beginning 924 1,254 664 742 860 624 681 577 564 605 453 377 337 362 261 714 486 1,213 434 356 326 276 301 1,115 176 253 572 572 296 799 509 302 316 341 536 247 223 125.1 124 77 257.1 247.1 299.1 132.0 194.6 107.9 223.2 146.6 149.6 135.5 100.5 102.5 269.0 105.5 101.3 216.4 120.8 103.1 84.9 246.2 100.8 134.4 138.8 83.8 99.2 61.5 46.3 48.0 89.4 61.4 77.0 25.1 21.1 48.7 61.5 54.3 91.5 67.6 44.8 19.0 16.6 15.4 53.9 119.6 26.8 1
Cash at End 655 924 1,254 664 742 860 624 681 577 564 605 453 377 337 362 261 714 486 1,213 434 356 326 276 301 1,115 176 253 572 572 296 799 509 302 316 341 536 247 223 125 124 77.2 257.1 247.1 299.1 132.0 194.6 107.9 223.2 146.6 149.6 135.5 100.5 102.5 269.0 105.5 101.3 216.4 120.8 103.1 84.9 246.2 100.8 134.4 138.8 83.8 99.2 61.5 46.3 48.0 89.4 61.4 77.0 25.1 21.1 48.7 61.5 54.3 91.5 67.6 44.8 19.0 16.6 15.4 53.9 119.6 26.8
Free Cash Flow 114 248 365 347 182 410 337 314 221 302 280 184 234 262 262 243 (21) 339 264 294 38 293 221 (545) 765 124 214 253 90 219 186 161 100 152 128 122 (2,340) 0 188 372 79.1 (349.8) 6.8 127.6 575.8 (30.8) (577.1) (104.0) 53.4 (191.8) (435.6) (615.2) (54.9) 285.3 (314.5) (215.9) (5.9) (178.3) (87.7) (273.8) 142.8 6.4 (217.1) (410.0) (35.7) (127.8) 60.1 60.5 19.5 19.9 (26.8) (149.1) (153.0) (151.3) (4.6) (118.6) (239.7) (115.6) (142.2) (109.4) (151.0) (145.5) (109.4) (62.8) (32.3) (187.8)
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
Income Statement
Revenue 763 635 655 579 446 567 613 532 639 588 660 489 429 342 249 230 375 505 444 585 516 476 532 368 (518) 295 257 276 287 214 272 322 311 300 204 258 212 144.4 169 224 199 98.1 184.8 217.8 176.9 223.3 248.7 209.3 185.1 193.4 198.7 187.8 133.0 225.9 145.5 104.7 117.1 (63.0) 167.4 60.2 135.7 421.0 138.1 121.6 66.5 25.6 60.9 59.1 56.0 14.7 49.8 63.5 52.2 0 47.9 47.4 39.7 17.4 31.8 30.5 20.2 14.9 11.6 9.6 5.8 4.4
Gross Profit 550 447 460 407 274 393 432 372 495 444 528 361 302 214 144 143 292 420 368 509 443 404 466 302 (591) 225 190 216 225 162 223 270 260 249 156 210 163 116.3 131 183 153 42.7 128.2 161.4 118.3 167.0 194.6 156.2 132.6 145.9 154.3 147.5 93.7 186.5 89.1 61.2 70.7 (111.7) 138.9 1.0 88.0 344.5 104.9 94.9 49.9 8.1 45.1 43.6 41.0 (1.1) 33.6 46.8 38.6 0 35.8 35.4 39.7 17.4 31.8 30.5 20.2 14.9 11.6 9.6 5.8 3.8
Operating Income 404 529 431 378 248 370 406 347 456 422 503 337 280 192 118 121 224 390 339 489 378 385 445 282 (609) 207 180 204 218 155 215 260 247 237 144 185 120 83.0 114 161 137 25.4 117.7 149.1 104.1 155.9 185.3 145.8 122.4 136.3 144.8 137.4 84.1 178.7 91.5 90.8 79.8 95.3 99.0 45.7 49.9 68.4 71.1 50.2 31.5 38.4 33.4 32.0 30.2 32.7 32.7 36.2 25.7 59.2 23.8 24.9 19.0 18.3 17.1 14.3 11.9 11.6 6.2 5.8 3.5 3
Net Income 92 293 404 361 241 357 394 322 449 413 500 331 278 174 104 111 211 382 334 478 373 378 441 277 (612) 204 175 200 214 153 209 254 242 232 139 178 118 74.8 110 157 132 14.7 116.9 146.5 100.6 153.4 177.7 142.8 117.0 133.9 140.8 133.5 80.3 175.1 136.6 90.9 105.5 118.1 40.6 36.9 123.8 156.9 128.4 330.2 76.4 69.6 63.3 34.8 35.0 (74.0) (41.4) 3.3 9.2 47.6 22.9 33.6 18.9 39.6 18.1 16.7 13.8 15.9 9.9 7.6 8.5 3.4
EPS (Diluted) 0.13 0.41 0.57 0.52 0.36 0.55 0.62 0.52 0.76 0.70 0.87 0.59 0.51 0.33 0.21 0.22 0.43 0.84 0.73 1.09 0.87 0.89 1.04 0.65 -1.42 0.48 0.41 0.47 0.50 0.36 0.49 0.60 0.57 0.54 0.33 0.42 0.28 0.24 0.35 0.50 0.42 0.05 0.37 0.47 0.32 0.49 0.57 0.48 0.39 0.45 0.52 0.50 0.32 0.70 0.59 0.41 0.49 0.54 0.20 0.18 0.61 0.82 0.67 1.73 0.61 0.56 0.62 0.36 0.36 -0.76 -0.43 0.04 0.12 0.14 0.32 0.48 0.44 0.39 0.39 0.44 0.36 0.42 0.42 0.33 0.69 0.31
Balance Sheet
Cash & Equivalents 505 924 1,036 447 647 635 486 601 509 535 527 411 359 303 257 204 695 372 1,193 377 337 254 233 278 460 167 253 572 572 296 799 509 302 316 341 536 247 223 125.1 125.9 77.2 257 247.1 299.1 132.0 194.6 107.9 223.2 146.6 149.6 135.5 100.5 102.5 269.0 105.5 101.3 216.4 120.8 103.1 84.9 246.2 100.8 134.4 138.8 83.8 99.2 61.5 46.3 48.0 89.4 61.4 77.0 25.1 21.1 48.7 61.5 54.3 91.5 67.6 44.8 19.0 16.6 15.4 53.9 119.6 27 0.0
Total Assets 30,679 31,235 30,806 29,071 28,317 28,254 27,100 26,092 24,256 23,800 22,920 22,231 21,812 22,398 22,038 21,797 20,463 20,843 19,154 18,026 16,021 16,196 14,950 14,517 15,806 14,905 14,458 13,846 13,962 12,895 12,255 12,297 12,693 12,347 12,041 12,328 11,990 9,245 9,135.9 9,207.6 9,365.5 9,507 9,173.0 9,124.9 8,917.5 9,497.8 9,203.1 8,560.2 8,199.5 8,141.5 7,754.1 7,130.8 6,353.1 6,401.2 6,301.2 5,807.5 5,609.1 5,387.4 5,045.5 4,911.5 4,707.0 4,562.5 4,432.2 4,073.7 2,379.3 2,313.5 2,065.1 2,047.1 2,044.9 2,091.3 2,184.5 2,201.1 1,996.4 1,829.4 1,690.3 1,704.5 1,512.3 1,348.0 1,122.6 942.4 778.6 613.6 444.9 360.8 360.5 221 0.0
Total Debt 15,848 15,991 15,605 14,109 13,922 13,759 13,547 13,007 11,744 11,950 11,601 11,471 11,322 12,377 11,982 11,879 10,655 11,157 10,061 9,405 8,104.4 8,600 7,734.8 7,602.9 8,401.7 7,112 6,726 6,155 6,334 5,214 4,546 4,542 5,118 4,854 4,640 4,838 4,585 3,874 3,720.9 3,785.4 3,984.8 4,138.5 3,653.3 3,582.2 3,429.2 3,924.5 3,679.2 3,357.4 3,058.7 2,986.3 3,137.9 2,562.4 2,179.1 2,195.9 2,212.7 2,194.8 2,018.9 2,073.6 1,800.2 1,620.1 1,428.0 1,378.5 1,524.1 1,244.9 771.4 969.5 767.9 879.3 902.6 908.8 902.2 847.7 865.6 681.5 527.5 552 1,340 482 366 345 185 18 82 0 0 56 0
Stockholders' Equity 14,065 14,318 14,322 14,034 13,672 13,355 12,773 12,364 11,872 11,201 10,815 10,354 10,049 9,555 9,436 9,335 9,379 8,868 8,537 8,078 7,632 7,176 6,963 6,691 6,583 7,467 7,373 7,368 7,339 7,300 7,313 7,270 7,178 7,098 7,028 7,051 7,035 5,165 5,209.0 5,218.0 5,179.9 5,173 5,279.8 5,282.4 5,255.4 5,283.7 5,249.6 4,933.6 4,898.6 4,904.4 4,392.4 4,348.0 3,978.6 3,988.3 3,908.7 3,446.5 3,433.3 3,147.3 3,103.3 3,134.3 3,163.0 3,050.5 2,778.5 2,711.3 1,569.0 1,257.9 1,222.6 1,088.7 1,088.1 1,094.9 1,246.2 1,328.5 1,106.1 1,124.6 1,144.3 1,105.1 827.8 789.4 739.3 577.0 571.4 569.6 353.1 346.9 346.3 160 0.0
Cash Flow
Operating Cash Flow 114 248 365 347 182 410 337 314 221 302 280 184 234 262 262 243 (21) 339 264 294 38 293 221 (545) 765 124 214 253 90 219 186 161 100 152 128 122 (2,340) 68.3 188 372 79.1 (350.1) 6.8 127.6 575.8 (30.8) (577.1) (104.0) 53.4 (191.8) (435.6) (615.2) (54.9) 285.3 (314.5) (215.9) (5.9) (178.3) (87.7) (273.8) 142.8 6.4 (217.1) (410.0) (35.7) (127.8) 60.1 60.5 19.5 19.9 (26.8) (149.1) (153.0) (151.3) (4.6) (118.6) (239.7) (115.6) (142.2) (109.4) (151.0) (145.5) (109.4) (62.8) (32.3) (187.8)
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 (186.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 114 248 365 347 182 410 337 314 221 302 280 184 234 262 262 243 (21) 339 264 294 38 293 221 (545) 765 124 214 253 90 219 186 161 100 152 128 122 (2,340) 0 188 372 79.1 (349.8) 6.8 127.6 575.8 (30.8) (577.1) (104.0) 53.4 (191.8) (435.6) (615.2) (54.9) 285.3 (314.5) (215.9) (5.9) (178.3) (87.7) (273.8) 142.8 6.4 (217.1) (410.0) (35.7) (127.8) 60.1 60.5 19.5 19.9 (26.8) (149.1) (153.0) (151.3) (4.6) (118.6) (239.7) (115.6) (142.2) (109.4) (151.0) (145.5) (109.4) (62.8) (32.3) (187.8)