Avnet, Inc. logo AVT - Avnet, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
1
BUY 6
HOLD 9
SELL 4
STRONG
SELL
0
| PRICE TARGET: $87.33 DETAILS
HIGH: $95.00
LOW: $72.00
MEDIAN: $95.00
CONSENSUS: $87.33
UPSIDE: 2.72%
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 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 22,200.8 23,757.1 26,536.9 24,310.7 19,534.7 17,634.3 19,518.6 19,036.9 17,440.0 16,740.6 17,655.3 27,499.7 25,458.9 25,707.5 26,534.4 19,160.2 16,229.9 17,952.7 15,681.1 14,253.6 11,066.8 10,244.7 9,048.4 8,920.2 12,814.0 9,915.0 6,805.7 5,916.3 5,390.6 5,207.8 4,300.0 3,547.7 2,238.0 1,759 1,740.8 1,751.3 1,918.7 1,817.2 1,539.3 1,415.6
Cost of Revenue 19,815.8 20,990.7 23,354.7 21,345.3 17,294.0 15,570.9 17,032.5 16,509.7 15,070.5 14,662.7 15,445.2 24,273.9 22,479.1 22,657.0 23,426.6 16,880.0 14,206.9 15,639.0 13,632.5 12,414.6 9,607.8 8,879.9 7,833.5 7,697.4 10,948.5 8,470.3 5,757.7 4,935.8 4,428.8 4,238.7 3,483.6 2,851.7 1,751.2 1,326.6 1,293.5 1,284 1,440.9 1,350.2 1,136.8 1,040.5
Gross Profit 2,385.0 2,766.4 3,182.1 2,965.4 2,240.6 2,063.5 2,486.1 2,527.2 2,369.4 2,077.9 2,210.1 3,225.7 2,979.8 3,050.6 3,107.8 2,280.2 2,023.0 2,313.7 2,048.6 1,839.0 1,459.0 1,364.9 1,215.0 1,222.8 1,865.5 1,444.8 1,048.0 980.4 961.8 969.1 816.4 696.1 486.8 432.4 447.3 467.3 477.8 467 402.5 375.1
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
SG&A Expenses 1,762.4 1,869.5 1,967.3 1,994.8 1,874.8 1,842.1 1,874.7 1,991.4 1,788.3 1,460.3 1,515.1 2,341.2 2,204.3 2,092.8 2,100.7 1,619.2 1,531.5 1,564.4 1,363.0 1,344.9 1,137.7 1,107.0 1,202.2 1,225.8 1,611.9 1,076.8 865.6 709.2 634.1 620.1 554.9 481.4 367.8 338.7 335.9 340.9 359.2 347.6 325 309.9
Other Expenses 0 52.5 28.0 31.5 84.4 226.0 245.5 326.6 137.4 44.8 41.8 94.6 149.5 73.6 77.2 25.4 1,510.5 38.9 7.4 63.6 0 55.6 0 0 0 0 0 0 0 0 0 49.8 16.2 24 24.8 28.4 29.8 29.2 27.3 23.8
Operating Expenses 1,762.4 1,922.1 1,995.3 2,026.4 1,959.2 2,068.1 2,120.2 2,318.0 1,925.7 1,505.0 1,557.0 2,435.8 2,353.8 2,166.4 2,177.8 1,644.6 3,042.0 1,603.3 1,370.3 1,408.5 1,137.7 1,162.6 1,202.2 1,225.8 1,611.9 1,076.8 865.6 709.2 634.1 620.1 554.9 531.3 384.0 362.7 360.7 369.3 389 376.8 352.3 333.7
Operating Income
Operating Income 622.6 844.4 1,186.8 939.0 281.4 (4.6) 365.9 209.2 443.7 572.9 653.1 789.9 626.0 884.2 930.0 635.6 (1,019.0) 710.4 678.3 430.5 321.3 202.2 12.7 (3.0) 253.7 368.0 182.4 271.2 327.7 349.0 261.5 164.8 102.8 69.7 86.6 98 88.8 90.2 50.2 41.4
Interest Expense 250.5 282.9 250.9 100.4 89.5 122.7 134.9 92.7 99.6 91.9 87.1 104.8 107.7 90.9 92.5 61.7 66.5 72.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 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
Profitability
EBITDA 626.2 1,055.6 1,376.8 1,088.9 451.1 236.1 552.3 472.7 565.3 649.5 740.8 943.1 777.6 983.0 1,044.8 707.5 (950.5) 840.5 736.4 560.6 383.1 322.4 101.6 1,200.9 373.1 451.5 422.3 321.7 377.1 392.5 298.3 219.3 125.6 93.7 111.4 126.4 118.6 119.4 77.5 65.2
EBIT 501.0 915.1 1,233.7 933.7 262.4 (6.8) 371.5 237.8 410.0 569.9 658.6 806.0 656.9 881.6 963.4 646.8 (1,016.3) 781.2 682.6 494.1 321.3 257.9 12.7 1,097.0 253.7 368.0 364.9 271.2 327.7 349.0 261.5 187.5 102.8 69.7 86.6 98 88.8 90.2 50.2 41.4
Income Before Tax 250.6 632.3 982.9 833.3 172.9 (129.6) 236.6 145.1 310.4 478.0 571.5 701.1 549.3 790.8 871.0 585.1 (1,095.0) 709.0 586.6 316.1 239.8 98.4 (79.4) (120.8) 87.3 283.6 385.1 267.3 313.4 325.0 243.4 154.8 114.2 83.4 100 98.7 87.3 86.3 46.6 42.3
Income Tax Expense 10.4 133.6 212.0 141.0 (20.2) (98.5) 60.3 288.0 47.1 87.1 86.1 155.5 99.2 223.8 201.9 174.7 34.7 209.9 193.6 111.6 71.5 25.5 (33.3) (36.4) 87.2 121.1 204.8 115.9 130.7 136.8 103.1 66.7 45.1 32.9 38.4 42.2 33.3 34.1 23.8 18.4
Net Income 240.2 498.7 770.8 692.4 193.1 (31.1) 176.3 (156.4) 525.3 506.5 571.9 545.6 450.1 567.0 669.1 410.4 (1,129.7) 499.1 393.1 204.5 168.2 72.9 (46.1) (664.9) 15.4 163.4 174.6 151.4 182.8 188.3 140.3 85.3 69.1 50.5 61.6 56.5 54 52.2 22.8 23.9
Per Share Data
EPS (Basic) 2.78 5.51 8.37 7.02 1.95 -0.29 1.61 -1.30 4.13 3.87 4.18 3.95 3.26 3.85 4.39 2.71 -7.44 3.32 2.65 1.40 1.39 0.61 -0.39 -5.61 0.13 1.53 2.45 1.93 2.13 2.16 1.66 1.04 0.96 0.71 0.86 0.79 0.76 0.73 0.32 0.34
EPS (Diluted) 2.75 5.43 8.26 6.94 1.93 -0.29 1.59 -1.30 4.08 3.80 4.12 3.89 3.21 3.79 4.34 2.68 -7.44 3.27 2.63 1.39 1.39 0.60 -0.39 -5.61 0.13 1.51 2.43 1.90 2.13 2.16 1.66 1.04 0.96 0.71 0.86 0.79 0.76 0.73 0.32 0.34
Shares Outstanding 86.3 90.6 92.0 98.7 99.3 100.5 109.8 119.9 127.0 130.9 136.7 138.0 138.0 147.3 152.5 151.6 150.9 150.2 148.0 145.9 120.6 120.1 119.5 118.6 117.3 106.6 71.2 78.8 85.2 86.7 86.8 81.7 76.5 71.1 71.6 71.5 71.1 71.5 71.2 70.3
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 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 192.4 310.9 288.2 153.7 199.7 477.0 546.1 621.1 836.4 1,031.5 932.6 929.0 1,009.3 1,006.9 675.3 1,092.1 943.9 640.4 557.4 276.7 637.9 312.7 395.5 159.2 97.3 167.2 312.0 82.6 59.3 47.8 49.3 53.9 219.8 56.9 95.9 103.9 93.8 152.3 213.3 110.6
Short-Term Investments 0 0 0 0 0 0 0 0 281.3 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
Net Receivables 4,327.4 4,391.2 4,763.8 4,301.0 3,576.1 2,928.4 3,168.4 3,641.1 3,337.6 2,769.9 5,054.3 5,220.5 4,869.0 4,607.3 4,764.3 3,574.5 2,618.7 3,367.4 3,103.0 2,477.0 1,888.6 1,744.0 1,471.8 1,374.0 1,629.6 1,750.8 960.6 894.3 800.0 802.4 713.6 573.6 359.2 312.7 250.6 257.5 262 297.6 244.6 232.4
Inventory 5,235.5 5,468.7 5,465.0 4,244.1 3,236.8 2,732.0 3,008.4 3,141.8 2,824.7 2,856.2 2,482.2 2,613.4 2,264.3 2,388.6 2,596.5 1,812.8 1,411.8 1,894.5 1,736.3 1,616.6 1,224.7 1,364.0 1,097.6 1,417.3 1,917.0 1,887.3 997.2 1,061.7 1,007.1 935.6 747.5 627 491.8 458.2 442.9 425.5 479.5 538.5 435.4 414
Other Current Assets 263.4 199.7 233.8 24.9 15.7 191.4 0 0 253.8 2,568.9 57.2 191.3 214.2 0 0 0 0 0 0 0 31.8 63.3 161.2 255.0 103.6 68.0 43.5 29.7 30.0 27.3 13.8 9.6 4.8 251.3 248.5 242.8 147.3 12.3 12.5 15.3
Total Current Assets 10,018.7 10,370.6 10,750.9 8,876.6 7,163.4 6,328.8 6,876.3 7,610.6 7,533.8 9,004.0 8,642.1 8,954.2 8,356.9 8,254.4 8,227.2 6,630.2 5,144.3 5,971.1 5,488.8 4,467.5 3,783.0 3,484.0 3,126.1 3,205.5 3,747.5 3,873.3 2,313.3 2,068.4 1,896.4 1,813.1 1,524.3 1,264.1 1,075.6 1,079.1 1,037.9 1,029.7 982.6 1,000.7 905.8 772.3
Non-Current Assets
Property, Plant & Equipment 869.1 777.1 663.3 542.3 634.4 680.5 452.2 522.9 519.6 612.7 568.8 535.0 492.6 461.2 419.2 302.6 305.7 227.2 179.5 159.4 157.4 187.3 250.4 349.9 417.2 289.9 194.0 155.5 181.5 176.9 145.6 115.1 102.5 101.7 97.3 94.8 106.2 117.7 121.5 98.9
Goodwill 837.0 781.0 780.6 758.8 838.1 773.7 876.7 980.9 1,148.3 1,281.2 1,278.8 1,348.5 1,261.3 1,100.6 885.1 566.3 550.1 1,728.9 1,402.5 1,296.6 895.3 0 0 844.6 1,404.9 856.8 385.6 460.9 476.9 494.7 419.5 382.5 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 12.7 28.5 65.4 143.5 219.9 277.3 78.4 99.7 184.3 172.2 0 0 0 0 0 0 0 895.3 894.9 857.1 0 0 0 0 0 0 0 0 408.5 69.2 61.9 46.3 33 37.1 34.1 35.1 36.9
Long-Term Investments 23.5 23.5 (242.1) (211.2) 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 0 0 0 0
Other Non-Current Assets 370.1 257.0 282.4 198.1 260.9 135.5 215.8 262.6 220.6 263.6 210.6 233.5 363.9 351.6 374.1 283.3 273.5 272.9 284.3 292.2 262.5 297.4 265.9 281.9 294.6 224.4 91.7 49.0 39.2 36.9 36.2 0 0 0 0 0 0.1 0.1 0 0
Total Non-Current Assets 2,099.8 1,838.6 1,726.3 1,511.9 1,762.0 1,842.7 1,688.2 1,986.2 2,165.8 2,235.8 2,157.9 2,301.3 2,117.8 1,913.4 1,678.4 1,152.2 1,129.3 2,229.0 1,866.3 1,748.2 1,315.2 1,379.7 1,373.5 1,476.4 2,116.7 1,371.1 671.4 665.3 697.6 708.5 601.3 523.6 171.7 163.6 143.6 127.8 143.4 151.9 156.6 135.8
Total Assets 12,118.6 12,209.1 12,477.2 10,388.5 8,925.4 8,171.5 8,564.6 9,596.8 9,699.6 11,239.8 10,800.0 11,255.5 10,474.7 10,167.9 9,905.6 7,782.4 6,273.5 8,200.1 7,355.1 6,215.7 5,098.2 4,863.7 4,499.6 4,682.0 5,864.1 5,244.4 2,984.7 2,733.7 2,594.1 2,521.7 2,125.6 1,787.7 1,247.3 1,242.7 1,181.5 1,157.5 1,126 1,152.6 1,062.4 908.1
Current Liabilities
Account Payables 3,487.4 3,345.5 3,373.8 3,431.7 2,401.4 1,754.1 1,864.3 2,269.5 1,861.6 1,590.8 3,338.1 3,402.4 3,278.2 3,230.8 3,561.6 2,862.3 1,958.0 2,293.2 2,228.0 1,654.2 1,296.7 1,099.7 802.0 891.2 853.2 1,185.3 480.4 451.4 433.8 353.9 314.9 252.9 182.2 144.1 103 114.4 112.1 0 0 0
Short-Term Debt 87.3 546.7 70.6 174.4 23.1 53.4 300.5 165.4 50.1 1,152.6 331.1 865.1 838.2 872.4 243.1 36.5 23.3 43.8 53.4 316.0 61.3 160.7 187.7 59.3 1,302.1 503.3 0.3 0.2 0.2 0.3 0.5 0.0 0.1 0.4 1.3 3.1 2.7 5.3 4 3.4
Deferred Revenue 0 0 0 0 0 0 0 108.4 61.6 43.2 27.8 40.8 54.0 85.0 72.5 100.4 0 0 0 291.0 0 0 0 (59.7) (1,302.3) 0 (0.8) (0.6) 0.5 0.0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 497.2 259.3 405.8 323.3 318.9 237.3 202.4 206.0 274.5 1,957.5 279.7 330.7 359.5 331.0 279.6 227.5 252.8 253.6 314.1 (138.0) 214.7 0 0 0 0 0 0 0 0 0 0 0 90.2 85.7 74.7 68.4 64.7 230 176.5 145.8
Total Current Liabilities 4,128.1 4,465.3 4,249.4 4,251.7 3,055.2 2,280.4 2,578.6 2,969.5 2,453.8 4,942.5 4,272.3 4,978.8 4,821.4 4,798.7 4,477.7 3,439.6 2,455.9 2,779.6 2,777.0 2,438.3 1,717.5 1,645.0 1,306.0 1,276.8 2,570.1 1,903.8 795.9 607.1 577.5 519.2 467.2 376.1 272.5 230.2 179 185.9 179.5 235.3 180.5 149.2
Non-Current Liabilities
Long-Term Debt 2,574.7 2,406.6 2,988.0 1,437.4 1,191.3 1,424.8 1,419.9 1,489.2 1,729.2 1,339.2 1,646.5 1,213.8 1,207.0 1,272.0 1,273.5 1,243.7 946.6 1,181.5 1,156.0 918.8 1,183.2 1,196.2 1,278.4 1,565.8 919.5 1,438.6 791.2 810.7 514.4 497.2 419.0 303.1 106.6 175.3 201.1 201.9 211.1 221.2 224 111.9
Deferred Tax Liabilities 0 0 54.8 54.6 0 66.3 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 0 0
Other Non-Current Liabilities 244.8 237.9 297.5 307.3 354.8 419.9 425.6 453.1 334.5 266.8 196.1 167.8 157.1 191.5 98.3 90.0 110.2 104.3 21.5 27.4 100.5 69.1 82.6 34.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0.1
Total Non-Current Liabilities 2,979.0 2,818.4 3,476.1 1,944.1 1,786 2,164.7 1,845.5 1,942.3 2,063.8 1,606.0 1,842.6 1,386.5 1,364.1 1,463.5 1,371.8 1,333.7 1,056.8 1,285.8 1,177.5 946.2 1,283.7 1,265.2 1,361.0 1,600.6 919.5 1,438.6 791.2 810.7 514.4 497.2 419.0 303.1 106.6 175.3 201.1 201.9 211.1 221.3 224 112
Total Liabilities 7,107.1 7,283.6 7,725.5 6,195.8 4,841.2 4,445.1 4,424.1 4,911.8 4,517.5 6,548.5 6,114.9 6,365.3 6,185.6 6,262.1 5,849.5 4,773.3 3,512.7 4,065.4 3,954.5 3,384.5 3,001.2 2,910.2 2,667.0 2,877.4 3,489.6 3,342.4 1,587.1 1,417.8 1,091.9 1,016.4 886.2 679.2 379.1 405.5 380.1 387.8 390.6 456.6 404.5 261.2
Stockholders' Equity
Common Stock 83.9 89.0 91.5 95.7 99.6 98.8 104.0 115.8 123.1 127.4 135.5 138.3 137.1 142.6 152.8 151.9 151.1 150.4 149.8 146.7 120.8 120.5 119.6 119.4 117.8 90.8 44.4 44.3 44.0 43.8 41.2 41 0 0 0 0 0 0 0 0
Retained Earnings 3,430.2 3,601.8 3,378.2 2,921.4 2,516.2 2,421.8 2,767.5 3,235.9 3,799.4 3,632.3 3,582.6 3,257.4 2,803.0 2,545.9 2,293.5 1,624.4 1,257.3 2,379.7 1,880.6 1,487.6 1,283.0 1,114.8 1,041.9 1,088.0 1,770.6 1,616.7 1,496.4 1,343.0 1,215.5 1,058.3 896.1 780.3 719.3 671.6 642.4 602.1 567.1 531 496.6 491.6
Accumulated Other Comprehensive Income (257.7) (486.7) (409.4) (481.2) (153.7) (388.4) (304.0) (195.4) (243.9) (520.8) (441.0) 139.5 28.9 (45.8) 377.2 27.4 218.1 482.2 276.5 186.9 123.7 151.2 103.2 27.8 (56.3) (52.3) (46.0) (41.8) (24.8) (4.2) 0.8 (20) (159.8) (144.5) (135.7) (129.6) (111.2) (113.2) (96.7) (77.2)
Total Stockholders' Equity 5,011.5 4,925.5 4,751.7 4,192.8 4,084.2 3,726.4 4,140.5 4,685.1 5,182.1 4,691.3 4,685.0 4,890.2 4,289.1 3,905.7 4,056.1 3,009.1 2,760.9 4,134.7 3,400.6 2,831.2 2,097.0 1,953.4 1,832.5 1,804.5 2,374.6 1,902.0 1,397.6 1,315.9 1,502.2 1,505.2 1,239.4 1,108.5 868.2 837.2 801.4 769.7 735.4 696 657.9 646.9
Total Liabilities & Equity 12,118.6 12,209.1 12,477.2 10,388.5 8,925.4 8,171.5 8,564.6 9,596.8 9,699.6 11,239.8 10,800.0 11,255.5 10,474.7 10,167.9 9,905.6 7,782.4 6,273.5 8,200.1 7,355.1 6,215.7 5,098.2 4,863.7 4,499.6 4,682.0 5,864.1 5,244.4 2,984.7 2,733.7 2,594.1 2,521.7 2,125.6 1,787.7 1,247.3 1,242.7 1,181.5 1,157.5 1,126 1,152.6 1,062.4 908.1
Debt Metrics
Total Debt 2,877.7 3,181.2 3,301.1 1,865.8 1,512.6 1,731.9 1,720.5 1,654.6 1,779.3 2,491.8 1,977.6 2,078.9 2,045.2 2,144.4 1,516.6 1,280.2 969.9 1,225.3 1,209.4 1,234.8 1,244.5 1,356.8 1,466.1 1,625.1 2,221.6 1,937.9 791.5 810.9 514.6 497.5 419.5 303.1 106.7 175.7 202.4 205 213.8 226.5 228 115.3
Net Debt 2,685.3 2,870.3 3,012.8 1,712.1 1,312.9 1,254.8 1,174.4 1,033.5 942.9 1,460.3 1,045.1 1,149.9 1,035.8 1,137.5 841.3 188.1 25.9 584.9 652.0 958.1 606.6 1,044.2 1,070.6 1,465.9 2,124.3 1,770.7 479.5 728.3 455.3 449.7 370.2 249.2 (113.1) 118.8 106.5 101.1 120 74.2 14.7 4.7
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 1993 1992 1991 1990 1989
Operating Activities
Net Income 240.2 498.7 770.8 692.4 193.1 (31.1) 180.1 (142.9) 263.4 506.5 571.9 545.6 450.1 567.0 669.1 410.4 (1,122.5) 499.1 393.1 204.5 168.2 72.9 (46.1) (664.9) 0.1 145.1 174.5 151.4 182.8 188.3 140.3 88.1 69.1 50.5 61.6 56.5 54
Depreciation & Amortization 125.2 140.5 143.0 155.2 188.7 242.9 180.8 234.9 155.4 126.5 147.3 137.2 120.7 101.3 81.4 60.6 66.1 59.2 53.8 66.5 61.7 64.5 88.8 103.9 119.4 75.6 52.3 50.5 49.4 43.5 36.9 31.8 22.8 24 24.8 28.4 29.8
Stock-Based Compensation 36.4 33.5 38.8 36.7 29.3 26.8 30.1 24.0 47.7 56.9 62.0 45.9 43.7 35.7 28.9 28.4 18.3 25.4 24.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 402.2 11.2 (1,681.4) (1,085.2) (372.5) 335.1 (4.6) (6.2) (246.3) (636.7) (303.4) (564.3) 47.5 (250.5) (551.4) (582.8) 809.1 (211.5) 126.2 (423.4) 121.0 (149.0) 482.4 824.8 (150.1) (759.2) 62.1 (203.3) (43.4) (234.5) (185.8) (101.8) (46.6) (1.3) (21.1) 56.5 26.7
Other Non-Cash Items 25.9 15.8 52.1 34.1 37.7 190.7 114.5 230.8 (563.5) 48.3 87.6 88.7 44.3 63.3 34.1 6.6 1,435.2 (25.7) 27.7 15.3 47.1 31.4 105.1 701.7 296.4 42.1 24.9 42.9 5.9 19.7 17.5 14.4 2.9 5.1 7.3 12.6 2.7
Operating Cash Flow 724.5 690.0 (713.7) (219.3) 90.9 730.2 534.8 253.5 (368.7) 224.3 583.9 237.4 696.2 528.7 278.1 (30.4) 1,118.0 453.6 724.6 (19.1) 461.8 64.6 651.9 976.3 161.1 (495.9) 72.0 6.1 189.5 2.5 14.4 22.2 49.9 77 73.1 149.1 113.8
Investing Activities
Capital Expenditure (147.5) (226.5) (194.7) (48.9) (50.4) (73.5) (122.7) (155.9) (120.4) (147.5) (174.4) (123.2) (97.4) (128.7) (148.7) (66.9) (110.2) (89.7) (58.8) (51.8) (31.3) (28.6) (34.2) (83.8) (125.4) (86.9) (73.0) (38.4) (37.3) (55.8) (50.5) (21.4) (15.1) (25.1) (20.4) (17.4) (22.6)
Acquisitions 0 0 0 0 (18.4) (51.5) (56.4) (15.3) (802.7) (19.7) 0 (116.9) (258.7) (313.2) (691.0) (69.3) (314.9) (300.8) (429.8) (294.3) (3.6) (50.5) (9.2) (31.5) (858.9) (603.1) 0 0 (1.4) (96.3) (54.9) 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (69.3) (314.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (4.5) (99.3) (61.8)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 81.3 328.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 10.3 1.0 (16.9) 100.2 7.5 (10.0) 153.9 242.9 2,261.6 14.7 (12.0) 2.7 3.0 1.0 29.7 11.8 14.3 12.1 2.8 4.4 7.3 5.2 16.4 (2.5) 223.4 (43.0) 338.6 86.9 0 0 0 (333.2) 217.7 (45) (21.5) 4.2 21.1
Investing Cash Flow (137.1) (225.5) (211.6) 51.3 (61.2) (135.0) (25.2) 71.7 1,338.5 (152.5) (186.3) (237.5) (353.1) (440.8) (810.0) (112.4) (397.7) (378.4) (485.8) (341.8) (27.6) (73.9) (27) (117.8) (760.8) (733.0) 265.6 48.4 (38.7) (152.1) (105.5) (354.6) 202.6 (70.1) (46.4) (112.5) (63.3)
Financing Activities
Net Debt Issuance (274.9) (156.5) 1,388.6 455.6 (219.0) (308.4) 61.1 (126.1) (825.2) 491.4 (36.1) (6.2) (141.7) 595.8 59.3 291.9 (406.8) (41.9) (628.8) (34.6) (100.5) (388.8) (201.4) (657.0) 119.2 1,054.3 (11.6) 299.4 25.6 175.7 101.5 193.6 (69.5) (25.3) (2.6) (8.2) (11.3)
Stock Repurchased (303.5) (162.7) (221.7) (184.4) 0 (237.8) (568.7) (323.5) (275.9) (380.9) (160.0) (8.6) (207.2) (318.3) 0 0 0 0 0 0 0 0 0 0 0 0 (70.1) (308.2) (141.8) 0 0 0 0 0 (11.1) 0 0
Dividends Paid (113.3) (112.0) (106.3) (98.5) (84.3) (84.0) (87.2) (88.3) (88.7) (88.6) (87.3) (82.8) 0 0 0 0 0 0 0 0 0 0 0 (26.5) (27.4) (18.2) (26.7) (24.5) (25.9) (25.6) (18.3) (29.7) (21.3) (21.3) (21.4) (20.6) (17.8)
Other Financing Activities (1.9) (2.6) (5.8) (16.7) (10.7) (14.3) 12.1 (4.0) 1.6 11.5 (57.5) 9.1 4.8 5.6 3.9 4.8 1.6 8.9 69.5 31.0 2.3 13.9 (200.5) (125.8) 360.8 (329.2) 0.6 4.0 4.5 (1.9) 2.3 (96.3) 1.3 0.6 0.6 2.3 0.2
Financing Cash Flow (693.5) (433.8) 1,054.8 156.1 (314.0) (644.5) (582.7) (541.9) (1,188.1) 33.4 (341.0) (88.5) (344.1) 283.1 63.2 296.8 (405.2) (33.0) 33.9 (3.6) (98.2) (82.4) (401.8) (809.4) 452.6 1,085.2 (107.9) (29.4) (137.5) 148.3 85.5 166.4 (89.5) (46) (34.5) (26.5) (28.9)
Cash Position
Net Change in Cash (118.5) 22.7 134.5 (46.0) (277.3) (69.1) (75.0) (215.3) (195.1) 98.9 3.6 (80.4) 2.5 331.5 (416.8) 148.2 303.5 83.1 280.6 (361.2) 325.2 (82.8) 236.2 62.0 (154.6) (144.8) 229.4 23.3 11.5 (1.5) (4.5) 166.4 (89.5) (46) (34.5) (26.5) (28.9)
Cash at Beginning 310.9 288.2 153.7 199.7 477.0 546.1 621.1 836.4 1,031.5 932.6 929.0 1,009.3 1,006.9 675.3 1,092.1 943.9 640.4 557.4 276.7 637.9 312.7 395.5 159.2 97.3 251.8 312.0 82.6 59.3 47.8 49.3 53.9 219.8 56.9 95.9 103.9 93.8 72.2
Cash at End 192.4 310.9 288.2 153.7 199.7 477.0 546.1 621.1 836.4 1,031.5 932.6 929.0 1,009.3 1,006.9 675.3 1,092.1 943.9 640.4 557.4 276.7 637.9 312.7 395.5 159.2 97.3 167.2 312.0 82.6 59.3 47.8 49.3 386.2 (32.6) 49.9 69.4 67.3 43.3
Free Cash Flow 577.0 463.5 (908.4) (268.2) 40.6 656.7 412.1 97.6 (489.1) 76.8 409.5 114.2 598.8 400.1 129.4 (97.3) 1,007.8 364.0 665.9 (70.9) 430.5 36.0 617.7 892.6 35.7 (582.8) (1.1) (32.4) 152.2 (53.3) (36.2) 0.8 34.8 51.9 52.7 131.7 91.2
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 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 22,200.8 23,757.1 26,536.9 24,310.7 19,534.7 17,634.3 19,518.6 19,036.9 17,440.0 16,740.6 17,655.3 27,499.7 25,458.9 25,707.5 26,534.4 19,160.2 16,229.9 17,952.7 15,681.1 14,253.6 11,066.8 10,244.7 9,048.4 8,920.2 12,814.0 9,915.0 6,805.7 5,916.3 5,390.6 5,207.8 4,300.0 3,547.7 2,238.0 1,759 1,740.8 1,751.3 1,918.7 1,817.2 1,539.3 1,415.6
Gross Profit 2,385.0 2,766.4 3,182.1 2,965.4 2,240.6 2,063.5 2,486.1 2,527.2 2,369.4 2,077.9 2,210.1 3,225.7 2,979.8 3,050.6 3,107.8 2,280.2 2,023.0 2,313.7 2,048.6 1,839.0 1,459.0 1,364.9 1,215.0 1,222.8 1,865.5 1,444.8 1,048.0 980.4 961.8 969.1 816.4 696.1 486.8 432.4 447.3 467.3 477.8 467 402.5 375.1
Operating Income 622.6 844.4 1,186.8 939.0 281.4 (4.6) 365.9 209.2 443.7 572.9 653.1 789.9 626.0 884.2 930.0 635.6 (1,019.0) 710.4 678.3 430.5 321.3 202.2 12.7 (3.0) 253.7 368.0 182.4 271.2 327.7 349.0 261.5 164.8 102.8 69.7 86.6 98 88.8 90.2 50.2 41.4
Net Income 240.2 498.7 770.8 692.4 193.1 (31.1) 176.3 (156.4) 525.3 506.5 571.9 545.6 450.1 567.0 669.1 410.4 (1,129.7) 499.1 393.1 204.5 168.2 72.9 (46.1) (664.9) 15.4 163.4 174.6 151.4 182.8 188.3 140.3 85.3 69.1 50.5 61.6 56.5 54 52.2 22.8 23.9
EPS (Diluted) 2.75 5.43 8.26 6.94 1.93 -0.29 1.59 -1.30 4.08 3.80 4.12 3.89 3.21 3.79 4.34 2.68 -7.44 3.27 2.63 1.39 1.39 0.60 -0.39 -5.61 0.13 1.51 2.43 1.90 2.13 2.16 1.66 1.04 0.96 0.71 0.86 0.79 0.76 0.73 0.32 0.34
Balance Sheet
Cash & Equivalents 192.4 310.9 288.2 153.7 199.7 477.0 546.1 621.1 836.4 1,031.5 932.6 929.0 1,009.3 1,006.9 675.3 1,092.1 943.9 640.4 557.4 276.7 637.9 312.7 395.5 159.2 97.3 167.2 312.0 82.6 59.3 47.8 49.3 53.9 219.8 56.9 95.9 103.9 93.8 152.3 213.3 110.6
Total Assets 12,118.6 12,209.1 12,477.2 10,388.5 8,925.4 8,171.5 8,564.6 9,596.8 9,699.6 11,239.8 10,800.0 11,255.5 10,474.7 10,167.9 9,905.6 7,782.4 6,273.5 8,200.1 7,355.1 6,215.7 5,098.2 4,863.7 4,499.6 4,682.0 5,864.1 5,244.4 2,984.7 2,733.7 2,594.1 2,521.7 2,125.6 1,787.7 1,247.3 1,242.7 1,181.5 1,157.5 1,126 1,152.6 1,062.4 908.1
Total Debt 2,877.7 3,181.2 3,301.1 1,865.8 1,512.6 1,731.9 1,720.5 1,654.6 1,779.3 2,491.8 1,977.6 2,078.9 2,045.2 2,144.4 1,516.6 1,280.2 969.9 1,225.3 1,209.4 1,234.8 1,244.5 1,356.8 1,466.1 1,625.1 2,221.6 1,937.9 791.5 810.9 514.6 497.5 419.5 303.1 106.7 175.7 202.4 205 213.8 226.5 228 115.3
Stockholders' Equity 5,011.5 4,925.5 4,751.7 4,192.8 4,084.2 3,726.4 4,140.5 4,685.1 5,182.1 4,691.3 4,685.0 4,890.2 4,289.1 3,905.7 4,056.1 3,009.1 2,760.9 4,134.7 3,400.6 2,831.2 2,097.0 1,953.4 1,832.5 1,804.5 2,374.6 1,902.0 1,397.6 1,315.9 1,502.2 1,505.2 1,239.4 1,108.5 868.2 837.2 801.4 769.7 735.4 696 657.9 646.9
Cash Flow
Operating Cash Flow 724.5 690.0 (713.7) (219.3) 90.9 730.2 534.8 253.5 (368.7) 224.3 583.9 237.4 696.2 528.7 278.1 (30.4) 1,118.0 453.6 724.6 (19.1) 461.8 64.6 651.9 976.3 161.1 (495.9) 72.0 6.1 189.5 2.5 14.4 22.2 49.9 77 73.1 149.1 113.8
Capital Expenditure (147.5) (226.5) (194.7) (48.9) (50.4) (73.5) (122.7) (155.9) (120.4) (147.5) (174.4) (123.2) (97.4) (128.7) (148.7) (66.9) (110.2) (89.7) (58.8) (51.8) (31.3) (28.6) (34.2) (83.8) (125.4) (86.9) (73.0) (38.4) (37.3) (55.8) (50.5) (21.4) (15.1) (25.1) (20.4) (17.4) (22.6)
Free Cash Flow 577.0 463.5 (908.4) (268.2) 40.6 656.7 412.1 97.6 (489.1) 76.8 409.5 114.2 598.8 400.1 129.4 (97.3) 1,007.8 364.0 665.9 (70.9) 430.5 36.0 617.7 892.6 35.7 (582.8) (1.1) (32.4) 152.2 (53.3) (36.2) 0.8 34.8 51.9 52.7 131.7 91.2