AVB - AvalonBay Communities, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$191.27
DETAILS
HIGH:
$205.00
LOW:
$172.00
MEDIAN:
$190.00
CONSENSUS:
$191.27
UPSIDE:
3.03%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||
| Revenue | 3,038.9 | 2,913.8 | 2,767.9 | 2,593.4 | 2,294.8 | 2,301.3 | 2,324.6 | 2,284.5 | 2,158.6 | 2,045.3 | 1,856.0 | 1,685.1 | 1,462.9 | 1,000.6 | 900.1 | 842.8 | 829.9 | 814.2 | 766.7 | 721.4 | 655.2 | 648.5 | 609.7 | 533.7 | 523.2 | 573.4 | 506.0 | 371.4 | 178.8 | 82.6 | 55.9 | 32 |
| Cost of Revenue | 1,003.0 | 1,073.5 | 988.1 | 919.1 | 853.9 | 823.1 | 768.1 | 766.6 | 722.3 | 683.3 | 642.2 | 589.3 | 511.0 | 356.9 | 335.8 | 334.1 | 327.7 | 322.8 | 302.2 | 217.1 | 198.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 2,035.9 | 1,840.3 | 1,779.8 | 1,674.3 | 1,440.9 | 1,478.2 | 1,556.5 | 1,518.0 | 1,436.3 | 1,362.0 | 1,213.8 | 1,095.8 | 951.9 | 643.7 | 564.3 | 508.7 | 502.2 | 491.4 | 464.4 | 504.3 | 457.2 | 648.5 | 609.7 | 533.7 | 523.2 | 573.4 | 506.0 | 371.4 | 178.8 | 82.6 | 55.9 | 32 |
| Operating Expenses | ||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 16.6 | 3.2 | 12.4 | 0 | 0 | 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 | 86.7 | 77.7 | 76.5 | 74.1 | 69.6 | 60.3 | 58.0 | 60.4 | 53.7 | 45.8 | 42.8 | 41.4 | 39.6 | 34.1 | 29.4 | 26.8 | 28.7 | 42.8 | 28.5 | 24.8 | 25.8 | 18.1 | 13.7 | 13.4 | 14.7 | 13.0 | 9.6 | 9.1 | 6.3 | 3.9 | 2.5 | 1.6 |
| Other Expenses | 1,035.3 | 846.9 | 817.0 | 798.4 | 755.4 | 694.9 | 661.6 | 631.2 | 584.1 | 531.4 | 477.9 | 442.7 | 560.2 | 243.7 | 226.7 | 220.6 | 204.5 | 181.9 | 168.3 | 227.2 | 220.4 | 412.7 | 521.7 | (361.5) | 283.2 | 312.2 | 288.0 | 213.5 | (102.3) | 58.2 | (33) | (19.8) |
| Operating Expenses | 1,122.0 | 924.5 | 893.5 | 889.0 | 828.2 | 767.7 | 719.6 | 691.6 | 637.8 | 577.2 | 520.7 | 484.1 | 599.8 | 277.8 | 256.1 | 247.4 | 233.2 | 224.7 | 196.8 | 252.0 | 246.2 | 430.8 | 535.5 | (348.1) | 297.9 | 325.2 | 297.6 | 222.6 | (96) | 62.1 | (30.5) | (18.2) |
| Operating Income | ||||||||||||||||||||||||||||||||
| Operating Income | 913.9 | 915.8 | 886.3 | 785.3 | 612.7 | 710.5 | 836.9 | 826.4 | 798.5 | 784.8 | 693.1 | 611.6 | 352.1 | 365.9 | 308.2 | 261.3 | 269.0 | 266.7 | 267.6 | 252.3 | 211.0 | 217.7 | 74.2 | 881.8 | 225.3 | 248.2 | 208.4 | 148.8 | 274.8 | 20.5 | 86.4 | 50.2 |
| Interest Expense | 259.2 | 226.6 | 206.0 | 230.1 | 220.4 | 214.2 | 203.6 | 221.0 | 199.7 | 187.5 | 175.6 | 180.6 | 172.4 | 136.9 | 168.2 | 175.2 | 150.3 | 114.9 | 97.5 | 111.0 | 127.1 | 131.3 | 134.9 | 121.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 27.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.9 | 0 | 0 | 1.9 | 1.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||
| EBITDA | 2,228.0 | 2,156.1 | 1,961.5 | 2,196.1 | 1,989.1 | 1,745.9 | 1,664.3 | 1,826.2 | 1,660.6 | 1,753.0 | 1,396.8 | 1,291.8 | 790.4 | 631.0 | 534.8 | 482.6 | 487.2 | 466.2 | 449.3 | 416.4 | 374.3 | 385.3 | 232.2 | 1,034.3 | 362.7 | 374.2 | 322.1 | 229.4 | 305.9 | 39.1 | 100.1 | 58.6 |
| EBIT | 1,314.6 | 1,309.2 | 1,144.6 | 1,381.2 | 1,230.5 | 1,038.6 | 1,002.7 | 1,195.0 | 1,076.5 | 1,221.5 | 918.8 | 849.1 | 230.2 | 233.8 | 163.7 | 262.1 | 126.4 | 180.9 | 267.6 | 252.3 | 229.1 | 217.7 | 74.2 | 881.8 | 225.3 | 248.2 | 208.4 | 148.8 | 274.8 | 20.5 | 86.4 | 50.2 |
| Income Before Tax | 1,055.5 | 1,082.6 | 938.6 | 1,151.1 | 1,010.1 | 824.5 | 799.1 | 974.2 | 876.7 | 1,034.0 | 743.6 | 668.5 | 57.8 | 264.8 | 165.9 | 98.1 | 200.8 | 411.5 | 247.7 | 278.4 | 322.4 | 219.7 | 271.5 | 173.6 | 0 | 0 | 0 | 145.1 | 0 | 0 | 0 | 0 |
| Income Tax Expense | (1.1) | 0.4 | 10.2 | 14.6 | 5.7 | (3.2) | 13.0 | (0.2) | 0.1 | 0.3 | 1.9 | 9.4 | (138.1) | (7.3) | (105.2) | 97.9 | 113.3 | 227.5 | (13.5) | (7.9) | 244.0 | 224.1 | (26.3) | (47.1) | 33.3 | 37.5 | 19.4 | 46.7 | 0.5 | 0.8 | 74.9 | 42.7 |
| Net Income | 1,052.6 | 1,082.0 | 928.8 | 1,136.8 | 1,004.3 | 827.6 | 786.0 | 974.5 | 876.9 | 1,034.0 | 742.0 | 683.6 | 353.1 | 423.9 | 441.6 | 175.3 | 155.6 | 411.5 | 358.2 | 278.4 | 322.4 | 219.7 | 271.5 | 173.6 | 249.0 | 210.6 | 172.3 | 94.4 | 38.9 | 19.6 | 11.5 | 7.5 |
| Per Share Data | ||||||||||||||||||||||||||||||||
| EPS (Basic) | 7.40 | 7.61 | 6.57 | 8.13 | 7.19 | 5.89 | 5.64 | 7.05 | 6.36 | 7.53 | 5.54 | 5.22 | 2.78 | 4.34 | 4.89 | 2.08 | 1.94 | 5.22 | 4.44 | 3.48 | 4.14 | 2.95 | 3.80 | 2.26 | 3.08 | 2.58 | 2.05 | 1.87 | 1.60 | 1.02 | 0.91 | 0.65 |
| EPS (Diluted) | 7.39 | 7.60 | 6.56 | 8.11 | 7.17 | 5.88 | 5.63 | 7.05 | 6.35 | 7.52 | 5.51 | 5.21 | 2.78 | 4.32 | 4.87 | 2.07 | 1.93 | 5.17 | 4.38 | 3.42 | 4.05 | 2.92 | 3.73 | 2.23 | 3.02 | 2.53 | 2.03 | 1.84 | 1.59 | 1.02 | 0.91 | 0.65 |
| Shares Outstanding | 140.8 | 142.0 | 141.3 | 139.6 | 139.4 | 140.1 | 139.4 | 138.2 | 137.9 | 137.3 | 133.9 | 130.9 | 126.9 | 97.4 | 89.9 | 83.9 | 80.0 | 76.8 | 78.7 | 74.1 | 73.0 | 71.5 | 68.6 | 68.9 | 67.8 | 66.2 | 64.6 | 51.0 | 28.2 | 15.1 | 12.6 | 11.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||
| Cash & Cash Equivalents | 187.2 | 108.6 | 397.9 | 613.2 | 420.3 | 217.0 | 39.7 | 91.7 | 67.1 | 215.0 | 316.4 | 259.3 | 14.7 | 19.0 | 23.6 | 123.0 | 74.0 | 16.4 | 16.4 | 3.2 | 0.9 | 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 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Other Current Assets | 0 | 158.5 | 133.1 | 84.2 | 123.5 | 96.6 | 87.9 | 126.2 | 134.8 | 115.0 | 210.7 | 192.7 | (66.7) | (61.9) | (55.6) | (170.1) | (113.7) | (42.6) | (41.9) | (3.2) | (0.9) | 0 | 0 |
| Total Current Assets | 187.2 | 267.1 | 531.0 | 734.2 | 577.5 | 344.3 | 161.8 | 249.7 | 234.6 | 362.0 | 316.4 | 257.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Assets | |||||||||||||||||||||||
| Property, Plant & Equipment | 20,806.2 | 154.7 | 134.7 | 143.3 | 146.6 | 155.3 | 125.0 | 17,591.0 | 17,649.2 | 16,927.9 | 6,833.5 | 6,649.7 | 4,877.8 | 4,736.4 | 4,785.4 | 4,390.8 | 4,200.0 | 4,041.3 | 3,890.9 | 1,294.5 | 697.8 | 463.7 | 375.8 |
| Goodwill | 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 |
| Long-Term Investments | 193.4 | 227.3 | 220.1 | 212.1 | 216.4 | 202.6 | 165.8 | 217.4 | 163.5 | 175.1 | 74.6 | 55.0 | 41.4 | 19.7 | 14.6 | 15.1 | 12.2 | 8.1 | 9.2 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 165.8 | 20,351.7 | 19,792.4 | 19,368.1 | 18,961.5 | 18,496.9 | 18,668.4 | 17,913.1 | 18,016.8 | 17,330.1 | 357.4 | 212.0 | (4,919.2) | (4,756.1) | (4,800.0) | (4,405.9) | (4,212.2) | (4,049.4) | (3,878.3) | (1,294.5) | (697.8) | (463.7) | (375.8) |
| Total Non-Current Assets | 21,165.5 | 20,733.7 | 20,147.3 | 19,723.5 | 19,324.5 | 18,854.8 | 18,959.2 | 18,130.5 | 18,180.2 | 17,505.2 | 7,141.2 | 6,916.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 22,192.1 | 21,000.7 | 20,678.2 | 20,457.8 | 19,902.0 | 19,199.1 | 19,121.1 | 18,380.2 | 18,414.8 | 17,867.3 | 7,457.6 | 7,173.4 | 5,068.3 | 4,909.6 | 4,950.8 | 4,664.3 | 4,397.2 | 4,154.7 | 4,030.2 | 1,317.7 | 711.9 | 477.2 | 390 |
| Current Liabilities | |||||||||||||||||||||||
| Account Payables | 0 | 86.0 | 87.7 | 72.8 | 63.7 | 93.6 | 92.1 | 97.0 | 85.4 | 101.0 | 49.6 | 64.4 | 23.0 | 26.9 | 29.8 | 43.7 | 52.8 | 47.0 | 68.8 | 7.7 | 5.5 | 0 | 0 |
| Short-Term Debt | 739.6 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 178.6 | 329 | 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 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0.3 | 0.3 | 0.4 | 0.1 | 0 | 0.8 | 0 | 0 | (113.2) | (117.7) | (124.3) | (131.5) | (133.2) | (297.8) | (460.5) | (20.3) | (14.4) | 0 | 0 |
| Total Current Liabilities | 739.6 | 746.3 | 694.6 | 659.1 | 635.7 | 642.5 | 629.1 | 645.7 | 632.8 | 600.2 | 390.4 | 523.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | |||||||||||||||||||||||
| Long-Term Debt | 8,588.9 | 8,077.2 | 7,981.8 | 8,316.0 | 8,103.5 | 7,564.3 | 7,296.3 | 7,040.3 | 7,329.5 | 7,030.9 | 4,008.5 | 3,654.7 | 2,442.3 | 2,337.8 | 2,431.5 | 2,082.8 | 1,729.9 | 1,415.0 | 1,155.4 | 487.5 | 273.7 | 227.8 | 181.7 |
| 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 |
| Other Non-Current Liabilities | 0 | 62.8 | 63.8 | 63.7 | 59.8 | 55.9 | 0 | 0 | 0 | 0 | 2.7 | 69.8 | (2,442.3) | (2,337.8) | (2,431.5) | (2,082.8) | (1,729.9) | (1,415.0) | (1,155.4) | (487.5) | (273.7) | (227.8) | (181.7) |
| Total Non-Current Liabilities | 8,588.9 | 8,313.4 | 8,198.9 | 8,542.4 | 8,329.8 | 7,801.7 | 7,498.5 | 7,098.7 | 7,387.9 | 7,087.9 | 4,011.3 | 3,724.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 10,357.8 | 9,059.6 | 8,893.4 | 9,201.5 | 8,965.6 | 8,444.3 | 8,127.6 | 7,744.4 | 8,020.7 | 7,688.1 | 4,401.7 | 4,248.0 | 2,661.5 | 2,573.5 | 2,678.9 | 2,294.5 | 1,905.2 | 1,749 | 1,658.5 | 515.8 | 292.6 | 239.6 | 193.3 |
| Stockholders' Equity | |||||||||||||||||||||||
| Common Stock | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.3 | 0.2 | 0 | 0 |
| Retained Earnings | 371.2 | 591.2 | 478.2 | 485.2 | 240.8 | 126.0 | 282.9 | 350.8 | 188.6 | 94.9 | (150.0) | (21.9) | 10.8 | 2.0 | (51.9) | (3.5) | (47.8) | (69.5) | (80.3) | (31.2) | (23.7) | (13.7) | (6.4) |
| Accumulated Other Comprehensive Income | 0 | 34.3 | 16.1 | 1.4 | (26.1) | (40.2) | (31.5) | (26.1) | (37.4) | (30.5) | (1.1) | (2.9) | (7.1) | (8.2) | (12.6) | (8.5) | (316.0) | (207.0) | (143.1) | (79.0) | (52.6) | 0 | 0 |
| Total Stockholders' Equity | 11,611.3 | 11,941.1 | 11,783.3 | 11,253.5 | 10,932.5 | 10,751.6 | 10,989.5 | 10,632.6 | 10,388.0 | 10,171.4 | 3,050.1 | 2,916.1 | 2,385.3 | 2,311.3 | 2,194.5 | 2,314.6 | 2,442.5 | 2,370.3 | 2,314.4 | 792.7 | 412.3 | 237.6 | 196.7 |
| Total Liabilities & Equity | 22,192.1 | 21,000.7 | 20,678.2 | 20,457.8 | 19,902.0 | 19,199.1 | 19,121.1 | 18,380.2 | 18,414.8 | 17,867.3 | 7,457.6 | 7,173.4 | 5,068.3 | 4,909.6 | 4,950.8 | 4,664.3 | 4,397.2 | 4,154.7 | 4,030.2 | 1,317.7 | 711.9 | 477.2 | 390 |
| Debt Metrics | |||||||||||||||||||||||
| Total Debt | 9,328.6 | 8,250.5 | 8,135.1 | 8,478.7 | 8,270.0 | 7,745.8 | 7,436.8 | 7,040.3 | 7,329.5 | 7,030.9 | 4,008.5 | 3,654.7 | 2,442.3 | 2,337.8 | 2,431.5 | 2,082.8 | 1,729.9 | 1,593.6 | 1,484.4 | 487.5 | 273.7 | 227.8 | 181.7 |
| Net Debt | 9,141.3 | 8,142.0 | 7,737.2 | 7,865.5 | 7,849.8 | 7,528.8 | 7,397.1 | 6,948.6 | 7,262.4 | 6,815.9 | 3,902.8 | 3,589.8 | 2,427.6 | 2,318.8 | 2,407.9 | 1,959.8 | 1,656.0 | 1,577.2 | 1,467.0 | 484.3 | 272.8 | 227.8 | 181.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||
| Net Income | 1,049.3 | 1,082.2 | 928.4 | 1,136.4 | 1,004.4 | 827.7 | 786.1 | 974.2 | 876.7 | 1,033.7 | 322.4 | 219.7 | 271.5 | 173.6 | 249.0 | 210.6 | 172.3 | 94.4 | 38.9 | 20.1 | 11.5 | 7.5 |
| Depreciation & Amortization | 913.4 | 846.9 | 817.0 | 815.0 | 758.6 | 707.3 | 661.6 | 631.2 | 584.1 | 531.4 | 170.4 | 167.6 | 158.0 | 148.6 | 133.7 | 126.0 | 113.7 | 80.2 | 27.0 | 18.7 | 13.7 | 8.4 |
| Stock-Based Compensation | 26.5 | 25.4 | 27.1 | 33.9 | 25.5 | 21.6 | 25.6 | 20.3 | 17.9 | 15.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 13.7 | 6.8 | 17.8 | 10.0 | 10.0 | (25.5) | (10.5) | 20.3 | 35.8 | (2.8) | 28.8 | 22.9 | (23.2) | 43.1 | (30.9) | (8.4) | 21.6 | 40.8 | (6.6) | (0.2) | (0.4) | (3.8) |
| Other Non-Cash Items | (324.3) | (353.3) | (230.3) | (573.4) | 12.6 | 18.6 | 11.9 | 10.1 | 2.1 | (9.5) | (214.9) | (134.5) | (166.4) | (57.1) | (43.0) | (33.4) | (57.5) | (24.2) | 5.5 | 1.6 | (2.2) | 1.9 |
| Operating Cash Flow | 1,678.6 | 1,607.9 | 1,560.0 | 1,421.9 | 1,203.2 | 1,219.6 | 1,321.8 | 1,301.1 | 1,256.3 | 1,143.5 | 306.6 | 275.7 | 239.8 | 308.1 | 308.7 | 294.8 | 250.1 | 191.2 | 64.8 | 40.2 | 22.6 | 14 |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditure | (264.9) | (198.0) | (197.3) | (174.7) | (153.2) | (137.0) | (140.9) | (86.9) | (74.0) | (72.9) | (899.7) | (982.2) | (726.9) | (1,078.3) | (484.6) | (432.4) | (516.3) | (718.3) | (1,150.3) | (289.4) | (104.7) | (122.9) |
| Acquisitions | 0 | (14.2) | (18.9) | (14.3) | (53.5) | (0.1) | (10.2) | (11.0) | 503.0 | 532.7 | 0 | (128.2) | 0 | (106.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (1,955.7) | 0 | 0 | (1,501.7) | (1,481.3) | (880.3) | (1,483.4) | (1,493.3) | (1,484.3) | (1,628.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 814.5 | 0 | 0 | 1,055.4 | 977.2 | 825.2 | 424.8 | 936.4 | 503.0 | 532.7 | 469.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.5 | 0 |
| Other Investing Activities | 6.3 | (784.7) | (712.8) | 74.8 | 86.8 | 12.7 | 15.8 | (498.7) | (1,394.4) | (1,497.2) | 410.2 | 858.8 | 760.8 | 744.3 | 225.2 | 149.8 | 251.6 | 99.5 | 573.1 | 72.4 | 0 | (66.5) |
| Investing Cash Flow | (1,399.9) | (996.9) | (929.0) | (560.4) | (624.1) | (179.4) | (1,193.9) | (596.7) | (965.4) | (1,037.4) | (19.8) | (251.7) | 33.9 | (440.3) | (259.4) | (282.6) | (264.6) | (619.2) | (577.2) | (217.0) | (87.2) | (189.4) |
| Financing Activities | ||||||||||||||||||||||
| Net Debt Issuance | 1,227.3 | 89.0 | (397.2) | 205.2 | 526.9 | 262.2 | 252.5 | 80.3 | 254.1 | 450.0 | (100.9) | 132.2 | 54.9 | 354.5 | 352.8 | 131.8 | 117.0 | 418.9 | 168.1 | 18.0 | 35.5 | (11.6) |
| Stock Repurchased | (488.1) | 0 | (1.9) | 0 | 0 | (183.9) | 0 | 0 | 0 | 0 | 0 | 0 | (203.6) | (49.8) | (219.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (992.3) | (961.9) | (922.7) | (889.6) | (888.3) | (883.2) | (839.6) | (805.2) | (773.1) | (727.2) | (215.4) | (209.1) | (202.4) | (207.4) | (203.2) | (185.5) | (175.8) | (114.4) | (42.8) | (26.1) | (17.8) | (9.5) |
| Other Financing Activities | (26.2) | (12.5) | (9.3) | 30.3 | (19.3) | (34.4) | (40.7) | (15.8) | 110.5 | (30.4) | (2.6) | (6.6) | (157.0) | (61.4) | (15.1) | 54.8 | 15.3 | (153.5) | (36.9) | (0.2) | (4.4) | (0.1) |
| Financing Cash Flow | (192.7) | (874.9) | (834.4) | (671.1) | (348.9) | (854.3) | (218.2) | (688.5) | (418.9) | (291.6) | (282.3) | (29.5) | (279.5) | 72.6 | (33.6) | 37.4 | 13.3 | 433.7 | 514.6 | 176.0 | 61.6 | 178.8 |
| Cash Position | ||||||||||||||||||||||
| Net Change in Cash | 86.0 | (263.9) | (203.3) | 190.5 | 230.3 | 185.9 | (90.2) | 16.0 | (128.1) | (185.5) | 4.6 | (5.5) | (5.7) | (59.6) | 15.8 | 49.6 | (1.3) | 5.7 | 2.3 | (0.8) | 61.6 | 178.8 |
| Cash at Beginning | 267.1 | 531.0 | 734.2 | 543.8 | 313.5 | 127.6 | 217.9 | 201.9 | 330.0 | 400.5 | 1.5 | 7.1 | 12.9 | 73.0 | 57.2 | 7.6 | 8.9 | 3.2 | 0.9 | 1.7 | 4.7 | 1.3 |
| Cash at End | 353.1 | 267.1 | 531.0 | 734.2 | 543.8 | 313.5 | 127.6 | 217.9 | 201.9 | 215.0 | 6.1 | 1.6 | 7.2 | 13.4 | 73.0 | 57.2 | 7.6 | 8.9 | 3.2 | 0.9 | 66.3 | 180.1 |
| Free Cash Flow | 1,413.7 | 1,409.9 | 1,362.8 | 1,247.2 | 1,049.9 | 1,082.6 | 1,180.9 | 1,214.2 | 1,182.3 | 1,070.6 | (593.0) | (706.5) | (487.1) | (770.2) | (175.9) | (137.6) | (266.2) | (527.1) | (1,085.4) | (249.2) | (82.1) | (108.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||
| Revenue | 3,038.9 | 2,913.8 | 2,767.9 | 2,593.4 | 2,294.8 | 2,301.3 | 2,324.6 | 2,284.5 | 2,158.6 | 2,045.3 | 1,856.0 | 1,685.1 | 1,462.9 | 1,000.6 | 900.1 | 842.8 | 829.9 | 814.2 | 766.7 | 721.4 | 655.2 | 648.5 | 609.7 | 533.7 | 523.2 | 573.4 | 506.0 | 371.4 | 178.8 | 82.6 | 55.9 | 32 |
| Gross Profit | 2,035.9 | 1,840.3 | 1,779.8 | 1,674.3 | 1,440.9 | 1,478.2 | 1,556.5 | 1,518.0 | 1,436.3 | 1,362.0 | 1,213.8 | 1,095.8 | 951.9 | 643.7 | 564.3 | 508.7 | 502.2 | 491.4 | 464.4 | 504.3 | 457.2 | 648.5 | 609.7 | 533.7 | 523.2 | 573.4 | 506.0 | 371.4 | 178.8 | 82.6 | 55.9 | 32 |
| Operating Income | 913.9 | 915.8 | 886.3 | 785.3 | 612.7 | 710.5 | 836.9 | 826.4 | 798.5 | 784.8 | 693.1 | 611.6 | 352.1 | 365.9 | 308.2 | 261.3 | 269.0 | 266.7 | 267.6 | 252.3 | 211.0 | 217.7 | 74.2 | 881.8 | 225.3 | 248.2 | 208.4 | 148.8 | 274.8 | 20.5 | 86.4 | 50.2 |
| Net Income | 1,052.6 | 1,082.0 | 928.8 | 1,136.8 | 1,004.3 | 827.6 | 786.0 | 974.5 | 876.9 | 1,034.0 | 742.0 | 683.6 | 353.1 | 423.9 | 441.6 | 175.3 | 155.6 | 411.5 | 358.2 | 278.4 | 322.4 | 219.7 | 271.5 | 173.6 | 249.0 | 210.6 | 172.3 | 94.4 | 38.9 | 19.6 | 11.5 | 7.5 |
| EPS (Diluted) | 7.39 | 7.60 | 6.56 | 8.11 | 7.17 | 5.88 | 5.63 | 7.05 | 6.35 | 7.52 | 5.51 | 5.21 | 2.78 | 4.32 | 4.87 | 2.07 | 1.93 | 5.17 | 4.38 | 3.42 | 4.05 | 2.92 | 3.73 | 2.23 | 3.02 | 2.53 | 2.03 | 1.84 | 1.59 | 1.02 | 0.91 | 0.65 |
| Balance Sheet | ||||||||||||||||||||||||||||||||
| Cash & Equivalents | 187.2 | 108.6 | 397.9 | 613.2 | 420.3 | 217.0 | 39.7 | 91.7 | 67.1 | 215.0 | 316.4 | 259.3 | 14.7 | 19.0 | 23.6 | 123.0 | 74.0 | 16.4 | 16.4 | 3.2 | 0.9 | 0 | 0 | |||||||||
| Total Assets | 22,192.1 | 21,000.7 | 20,678.2 | 20,457.8 | 19,902.0 | 19,199.1 | 19,121.1 | 18,380.2 | 18,414.8 | 17,867.3 | 7,457.6 | 7,173.4 | 5,068.3 | 4,909.6 | 4,950.8 | 4,664.3 | 4,397.2 | 4,154.7 | 4,030.2 | 1,317.7 | 711.9 | 477.2 | 390 | |||||||||
| Total Debt | 9,328.6 | 8,250.5 | 8,135.1 | 8,478.7 | 8,270.0 | 7,745.8 | 7,436.8 | 7,040.3 | 7,329.5 | 7,030.9 | 4,008.5 | 3,654.7 | 2,442.3 | 2,337.8 | 2,431.5 | 2,082.8 | 1,729.9 | 1,593.6 | 1,484.4 | 487.5 | 273.7 | 227.8 | 181.7 | |||||||||
| Stockholders' Equity | 11,611.3 | 11,941.1 | 11,783.3 | 11,253.5 | 10,932.5 | 10,751.6 | 10,989.5 | 10,632.6 | 10,388.0 | 10,171.4 | 3,050.1 | 2,916.1 | 2,385.3 | 2,311.3 | 2,194.5 | 2,314.6 | 2,442.5 | 2,370.3 | 2,314.4 | 792.7 | 412.3 | 237.6 | 196.7 | |||||||||
| Cash Flow | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,678.6 | 1,607.9 | 1,560.0 | 1,421.9 | 1,203.2 | 1,219.6 | 1,321.8 | 1,301.1 | 1,256.3 | 1,143.5 | 306.6 | 275.7 | 239.8 | 308.1 | 308.7 | 294.8 | 250.1 | 191.2 | 64.8 | 40.2 | 22.6 | 14 | ||||||||||
| Capital Expenditure | (264.9) | (198.0) | (197.3) | (174.7) | (153.2) | (137.0) | (140.9) | (86.9) | (74.0) | (72.9) | (899.7) | (982.2) | (726.9) | (1,078.3) | (484.6) | (432.4) | (516.3) | (718.3) | (1,150.3) | (289.4) | (104.7) | (122.9) | ||||||||||
| Free Cash Flow | 1,413.7 | 1,409.9 | 1,362.8 | 1,247.2 | 1,049.9 | 1,082.6 | 1,180.9 | 1,214.2 | 1,182.3 | 1,070.6 | (593.0) | (706.5) | (487.1) | (770.2) | (175.9) | (137.6) | (266.2) | (527.1) | (1,085.4) | (249.2) | (82.1) | (108.9) | ||||||||||