BCE Inc. logo BCE - BCE Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 7
HOLD 13
SELL 1
STRONG
SELL
0
| PRICE TARGET: $25.00 DETAILS
HIGH: $25.00
LOW: $25.00
MEDIAN: $25.00
CONSENSUS: $25.00
UPSIDE: 5.44%
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 24,468 24,409 24,673 24,174 23,449 22,883 18,348.2 23,468 22,719 21,719 21,514 21,042 20,400 19,978 19,497 18,069 17,735 17,697.9 17,865.7 17,713.2 19,104.5 19,192.5 19,055.8 19,768.6 21,711.2 18,093.9 14,214.4 27,454.0 34,516.9 28,167.1 24,624 21,669.9 19,827 20,784.0 19,884.0 18,373.0 16,680.9 15,253.0 14,649.0 13,932.5
Cost of Revenue 7,720 7,705 17,250 7,641 7,284 6,967 12,495.1 13,650 13,148 6,705 6,598 12,505 5,956 11,952 11,627 5,175 4,525 4,389 4,094.7 4,020.3 4,048.1 11,629.5 11,629.5 12,113.6 11,857.7 10,646.4 8,521.0 18,233.1 21,898.1 18,576.9 16,464 14,554.1 13,466.0 13,973.0 10,280.0 9,731.0 9,009.0 9,042.9 8,557.0 8,185.3
Gross Profit 16,748 16,704 7,423 16,533 16,165 15,916 5,853.1 9,818 9,571 15,014 14,916 8,537 14,444 8,026 7,870 12,894 13,210 13,308.9 13,771.0 13,692.9 15,056.4 7,563.0 7,426.3 7,655.0 9,853.5 7,447.5 5,693.4 9,220.9 12,618.9 9,590.1 8,160 7,115.9 6,361.0 6,810.9 9,604.0 8,642.0 7,671.9 6,210.1 6,092.0 5,747.1
Operating Expenses
R&D Expenses 0 66 90 0 0 0 84.1 106 0 147 134 167 201 0 0 0 0 0 0 0 0 0 0 0 0 0 23.0 687.3 2,910.9 0 2,134 0 0 0 0 0 0 0 0 0
SG&A Expenses 3,979 4,199 1,834 4,417 4,424 4,345 1,402.7 4,540 4,411 4,309 4,500 4,582 4,533 4,439 650 262 6,121 6,266.4 6,663.0 512.6 6,658.9 0 175.2 0 0 0 0 2,232.7 4,617.0 2,471.0 2,134.0 1,606.0 2,723.1 1,257.0 2,962.0 2,357.0 2,198.0 2,203.1 1,990.0 1,712.9
Other Expenses 7,349 6,891 0 6,640 6,457 11,571 0 (348) (102) 10,705 10,416 10,195 9,911 9,769 3,020 6,923 7,089 7,004 6,993.7 6,782.4 6,843.8 3,363.3 3,322.2 3,146.0 4,570.2 3,779.2 3,001.0 3,500.9 3,897.1 7,119.1 3,892.0 5,509.9 2,393.9 5,554.0 6,642.0 6,285.0 5,473.9 4,007.0 4,102.0 4,034.2
Operating Expenses 11,328 11,156 1,924 11,057 10,881 15,916 1,486.8 16,119 15,743 15,014 14,916 14,777 14,444 3,388 9,507 7,185 13,210 13,272 13,656.8 13,635.8 13,502.7 3,363.3 3,322.2 3,146.0 4,570.2 3,779.2 3,024.0 6,420.9 11,425.0 9,590.1 8,160 7,115.9 6,361 6,810.9 9,604.0 8,642.0 7,671.9 6,210.1 6,092.0 5,747.1
Operating Income
Operating Income 5,420 5,548 5,499 5,476 5,284 0 4,366.3 5,521 5,438 5,280 5,131 4,851 4,535 4,496 4,368 3,798 3,718 3,740 3,809.7 3,654.5 3,783.0 4,118.1 4,043.5 4,392.5 2,897.2 3,263.3 2,669.0 2,800.3 4,617.0 3,685.1 3,056 2,809.9 2,646 3,225.9 4,423.0 4,267.0 3,660.9 2,406.0 2,572.1 2,622.6
Interest Expense 1,775 1,746 1,516 1,146 1,113 1,156 1,195 1,069 1,027 969 1,019 1,030 1,081 996 1,826 1,677 723 791 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 79 222 216 22 11 0 7 0 0 0 0 0 0 0 21 0 14 97 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 14,720 7,739 9,757 9,762 9,658 8,825 7,629.8 9,051 8,990 8,674 8,093 8,129 7,677 8,024 8,381 7,624 6,544 8,126.5 6,993.7 6,782.4 6,843.8 7,174.2 7,105.5 7,415.8 7,059.9 6,894.1 5,669.8 6,301.9 8,514.1 7,119.1 6,026 5,509.9 5,117 5,554.0 6,642.0 6,285.0 5,473.9 4,007.0 4,102.0 4,034.2
EBIT 9,482 2,698 4,839 5,039 5,049 4,421 4,279.9 5,037 5,146 5,166 4,673 4,677 4,297 4,632 5,120 4,499 3,173 2,616 3,809.7 3,654.5 3,783.0 4,118.1 4,043.5 4,392.5 3,543.5 3,263.3 2,669.3 2,800.3 4,617.0 3,685.1 3,056 2,809.9 2,646 3,225.9 4,423.0 4,267.0 3,660.9 2,406.0 2,572.1 2,622.6
Income Before Tax 7,707 952 3,323 3,893 3,936 3,265 3,356.9 3,968 4,119 4,197 3,654 3,647 3,216 3,636 3,294 2,822 2,450 1,825 4,974.7 2,171.5 2,806.1 2,301.4 2,980.8 3,490.7 5,340.7 1,634.7 6,422.2 6,145.5 2,936.0 2,270.0 1,601 1,947.0 549 2,193.9 2,132.0 1,775.0 1,934.0 1,533.0 1,953.0 1,955.5
Income Tax Expense 1,193 577 996 967 1,044 792 870.6 995 1,069 1,110 924 929 828 760 720 632 368 469 725.0 85.0 893.1 710.3 1,136.2 1,614.7 1,695.3 1,322.7 963.5 1,548.0 1,521.9 1,118.0 819 769.0 390 803.9 803.0 628.0 732.9 646.0 866.0 931.9
Net Income 6,460 344 2,263 2,868 2,840 2,634 2,460.8 2,929 2,994 3,031 2,678 2,500 2,106 2,595 2,340 2,195 1,738 943 4,057.0 2,007.2 1,961.9 1,593.5 1,815.0 2,407.9 434.6 4,860.5 5,458.6 4,597.5 (1,536.0) 1,152.0 782 1,178.0 (656) 1,390.0 1,329.0 1,147.0 761.1 887.0 1,086.9 1,023.6
Per Share Data
EPS (Basic) 6.78 0.18 2.28 2.98 2.99 2.53 3.37 3.26 3.20 3.33 2.98 2.98 2.55 3.39 2.88 2.85 2.11 1.02 4.88 2.25 2.04 1.72 1.90 2.66 0.46 7.43 8.37 7.02 -2.42 1.70 1.12 1.75 -1.05 2.12 2.01 1.75 1.22 1.55 1.96 1.92
EPS (Diluted) 6.78 0.18 2.28 2.98 2.99 2.53 3.37 3.26 3.20 3.33 2.98 2.97 2.54 3.39 2.88 2.85 2.11 1.01 4.87 2.25 2.04 1.72 1.89 2.62 0.46 7.04 8.37 7.02 -2.42 1.70 1.12 1.75 -1.05 2.12 2.01 1.75 1.22 1.55 1.93 1.89
Shares Outstanding 928.6 912.3 912.2 911.5 906.3 904.3 900.8 898.6 894.3 869.1 847.1 795.6 777.6 774.8 771.4 759 772.9 805.8 804.8 861.4 926.8 924.6 920.3 881.0 806.3 670 640.8 641.8 635.6 633.1 620.5 619.4 625 610.9 614.1 605.9 595.5 569.8 536.4 513.6
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 320 1,572 772 149 289 175.8 111.8 425 625 853 613 566 335 127 175 774 687 3,058.5 2,657.7 581.3 362.8 380.4 713.6 305.3 568.3 259.4 2,395.0 370.0 2,249.0 949.0 186.9 1,367.0 121.0 237.0 323.0 308.0 141.1 70.0 206.0 679.6
Short-Term Investments 0 400 1,000 0 0 0 0 0 0 0 0 0 0 (1) 0 (3) 0 (6.5) (6.0) (12.8) (14.0) (67.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 5,049 4,966 4,474 4,574 4,363 3,308.5 3,199.5 3,993 3,961 3,726 3,009 3,069 3,043 2,946 3,156 3,024 1,605 1,826 1,901.9 1,863.9 1,524.6 1,951.0 2,061.1 2,181.3 4,118.1 4,344.6 2,597.9 1,922.0 8,625.0 6,892.0 6,071 5,043.1 5,236 4,787.0 3,932.1 3,930.1 3,610.9 3,240.0 2,749.1 2,802.2
Inventory 389 420 465 656 482 344.6 329.3 432 380 403 416 333 383 392 427 431 448 272.0 264.2 328.5 338.4 295.2 0 0 0 0 0 176.0 2,725.9 2,457.0 2,361.1 1,623.9 1,610.0 1,259.0 1,066.0 1,043.0 1,100.1 1,071.0 1,039.0 1,043.8
Other Current Assets 1,270 1,306 957 864 810 156.2 146.5 699 472 541 377 201 894 145 152 205 248 179 132.1 688.5 1,266.4 916.7 1,018.9 916.0 1,213.0 2,096.6 514.0 312.1 985.0 718.9 599.0 763.1 713.0 469.9 545.0 480.0 463.0 333.9 174.9 163.4
Total Current Assets 7,407 8,923 7,898 6,487 6,198 4,149.1 3,936.8 5,793 5,655 5,754 4,808 4,548 5,070 3,911 4,172 4,655 3,284 5,578 5,224.0 3,683.6 3,683.0 3,710.1 3,581.1 3,432.5 5,899.4 6,700.7 5,506.4 2,780.0 14,585.0 11,017.0 9,218.0 8,797.0 7,680.0 6,753.0 5,866.0 5,761.0 5,315.0 4,715.0 4,168.9 4,689.0
Non-Current Assets
Property, Plant & Equipment 33,541 30,001 30,352 29,256 28,235 21,595.8 21,311.7 24,844 24,033 22,346 21,630 21,327 20,743 20,007 18,785 19,699 19,441 19,407.5 24,004.4 22,079.5 19,823.2 18,692.1 21,189.0 18,953.4 26,598.2 22,300.5 16,935.0 16,745.0 18,555.0 22,475.0 22,596.9 22,157.0 22,308.0 21,384.0 20,051.0 18,573.9 17,291.0 17,952.0 16,872.0 15,502.6
Goodwill 13,231 10,261 10,942 10,906 10,572 8,323.4 8,225.9 10,658 10,428 8,958 8,377 8,385 8,381 7,185 7,185 5,802 5,774 6,393.9 5,387.8 5,475.3 5,965.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 17,234 16,786 16,609 16,183 15,570 10,284.1 10,296.5 13,205 13,305 11,998 11,176 10,224 9,552 8,087 8,013 6,281 6,344 5,659.3 5,854.6 2,901.9 2,899.2 14,035.3 10,735.5 12,689.6 16,074.5 16,304.7 2,370.9 780.0 1,588.0 1,408.9 1,224.0 854.0 1,734.0 2,375.0 3,246.0 682.1 686.0 97.9 58.0 62.1
Long-Term Investments 1,594 1,218 910 823 851 1,510.2 1,415.8 908 917 955 1,247 883 866 897 307 303 0 0 0 0 0 0 0 (324.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 6,980 6,160 5,133 5,590 5,233 1,671.9 1,119.7 1,580 1,367 907 666 768 607 540 629 (1,348) 3,207 2,623.8 (2,661.6) 2,561.7 3,466.7 2,704.6 3,825.8 3,355.4 4,758.0 6,076.8 12,147.1 11,766.9 5,570.1 6,360.1 5,658.0 6,284.1 4,985.8 17,800.1 16,541.0 16,970.0 15,969.0 5,304.0 4,926.1 3,459.9
Total Non-Current Assets 72,758 64,562 64,042 62,842 60,566 43,468.6 42,445.3 51,307 50,147 45,253 43,185 41,749 40,314 37,056 35,248 31,238 34,766 34,084.5 32,585.2 33,273.5 36,957.8 35,432.0 35,750.4 35,673.6 48,435.2 44,682.1 31,453.1 29,292.0 25,713.1 30,244.1 29,479.0 29,295.0 29,027.9 41,559.1 39,838.0 36,226.0 33,946.0 23,354.0 21,856.0 19,024.6
Total Assets 80,165 73,485 71,940 69,329 66,764 47,617.7 46,382.1 57,100 55,802 50,108 47,993 46,297 45,384 40,969 39,426 39,276 38,050 39,662.5 37,797.2 36,957.1 40,481.5 39,139.7 39,331.4 39,562.5 54,334.6 51,382.7 36,960.4 32,170.3 40,298.1 41,261.1 38,697.0 38,092.0 36,708.0 48,312.0 45,704.0 41,987.0 39,261.0 28,069.0 26,025.0 23,713.6
Current Liabilities
Account Payables 2,817 2,961 3,308 3,602 2,931 2,036.9 2,008.1 2,535 2,448 2,319 2,246 2,415 2,373 2,028 2,088 3,848 1,637 1,727 3,253.6 3,233.9 3,085.2 1,829.9 3,533.4 3,712.6 5,792.7 5,485.9 3,618.3 3,255.4 8,955.0 7,012.1 6,384 6,087.0 5,766 5,198.0 4,180.0 0 0 0 0 0
Short-Term Debt 5,222 4,391 3,968 3,207 1,761 1,897.2 2,992.9 1,023 1,617 1,840 4,490 3,398 2,234 1,750 2,106 1,329 600 2,201 717.1 985.6 1,373.4 1,275.5 1,536.8 2,025.5 5,262.7 5,883.3 1,676.9 2,074.9 2,402.0 1,790.1 2,077.0 2,018.9 2,590.9 2,832.0 2,247.1 1,878.0 2,342.0 3,133.0 1,558.0 868.0
Deferred Revenue 872 774 811 857 799 562.8 526.7 703 693 645 812 764 743 719 685 661 615 540 520.4 475.3 440.7 385.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 727 3,419 660 904 906 1,344.6 1,297.1 3,781 3,859 3,276 501 404 438 373 484 (315) 680 427 (1,250.4) (774.7) 687.3 1,965.4 184.2 121.2 681.3 145.5 247.7 471.7 372.0 434.8 51.0 199.0 615.1 670.1 853.9 3,536.0 3,338.0 2,597.0 2,825.0 2,758.6
Total Current Liabilities 12,856 14,846 12,107 11,469 9,113 6,492.2 7,539.6 10,429 10,787 10,108 9,992 9,089 7,890 6,745 6,758 5,916 4,786 6,227 4,492.0 4,701.8 5,586.7 5,456.0 5,254.4 5,859.3 11,736.7 11,514.7 5,543.0 5,802.0 11,728.9 9,236.9 8,512.0 8,305.0 8,972 8,700.1 7,281.0 5,414.0 5,680.0 5,730.0 4,383.0 3,626.6
Non-Current Liabilities
Long-Term Debt 34,904 32,835 31,135 27,783 27,048 15,937.2 14,336.6 19,760 18,215 16,572 15,390 16,355 16,341 13,886 12,721 10,581 10,299 10,099.6 10,620.7 11,867.4 12,118.9 11,809.5 12,393.4 13,394.7 14,861.5 14,044.7 8,779.9 9,260.1 11,155.0 11,812.9 11,880.0 11,434.0 10,449.0 8,613.0 7,971.0 7,431.0 7,005.0 7,448.0 7,116.0 6,683.3
Deferred Tax Liabilities 6,105 5,244 4,869 4,953 4,679 2,990.6 2,746.1 0 2,870 0 0 0 0 761 881 2,067 1,986 0 0 0 2,108.4 0 0 815.2 923.3 715.4 783.0 2,105.3 454.0 2,049.1 1,889.0 2,025.0 2,000 2,377.0 2,297.0 2,425.0 2,430.0 2,305.1 2,063.9 1,929.0
Other Non-Current Liabilities 2,616 2,850 2,995 2,381 2,737 2,438.8 2,142.3 6,026 3,186 5,469 5,197 5,614 4,903 4,753 1,341 2,377 2,802 4,945.4 4,349.0 4,840.4 3,170.1 4,931.6 4,700.5 3,026.4 4,127.7 3,882.7 1,502.2 0 1,540.1 1,436.1 1,043.0 999.0 859.0 12,239.0 12,447.0 16,627.0 14,598.0 3,229.9 3,437.9 3,108.5
Total Non-Current Liabilities 43,999 41,279 39,276 35,345 34,710 24,383.8 22,333.5 25,982 24,445 22,146 20,672 21,969 21,244 19,498 17,909 15,167 15,241 15,044.9 14,969.7 16,707.8 17,397.4 16,741.1 17,093.9 17,236.4 19,912.4 18,642.8 11,065.1 11,365.3 13,149.1 15,298.1 14,812.0 14,458.0 13,308.0 23,229.0 22,714.9 26,483.0 24,033.0 12,982.9 12,617.9 11,720.9
Total Liabilities 56,855 56,125 51,383 46,814 43,823 30,876.0 29,873.1 36,411 35,177 32,254 30,664 31,058 29,134 26,244 24,667 21,083 20,027 21,272.5 19,894.7 21,409.6 22,862.0 22,206.6 22,348.3 23,095.7 31,649.2 30,157.5 16,608.1 17,068.9 24,878.1 24,535.0 23,760 22,762.9 22,280.0 31,929.1 29,996.0 31,897.0 29,713.0 18,713.0 17,000.9 15,347.5
Stockholders' Equity
Common Stock 21,493 20,860 20,859 20,840 20,662 16,004.7 15,703.1 20,036 20,091 18,370 18,100 16,717 13,629 13,611 13,566 12,691 12,921 13,525 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings (3,642) (8,441) (5,513) (3,649) (3,400) (3,674.3) (3,572.0) (4,937) (4,938) (4,978) (6,350) (7,013) (4,642) (5,682) (5,385) (7,952) (1,299) (1,467.9) (1,679.4) (4,343.0) (4,763.3) (5,432.0) (5,836.7) (6,148.9) 902.6 1,520.7 8,690.7 4,207.4 596.0 3,172.9 2,967.0 3,136.1 2,908 4,475.0 4,165.0 3,726.9 3,447.9 3,681.0 3,508.0 3,115.5
Accumulated Other Comprehensive Income 573 (159) (42) (55) 213 80.8 124.2 90 (17) 46 119 97 14 (6) 5 (30) 92 39 67.5 (2.3) (73.3) (56.4) 990.6 1,019.8 959.9 806.8 711.8 0 0 0 1,061 0 1,019 0 0 0 0 0 0 0
Total Stockholders' Equity 23,020 17,071 20,229 22,178 22,635 16,474.9 16,251.4 20,363 19,160 17,540 17,023 14,946 15,011 13,875 13,778 17,207 16,974 17,310.6 17,232.1 13,367.9 14,721.5 14,031.7 13,579.8 12,614.1 16,798.8 17,461.0 17,892.1 13,645.0 9,809.0 11,972.0 11,289 11,352.1 10,923.0 12,306.9 11,959.0 10,090.0 9,548.0 9,356.0 9,024.0 8,366.1
Total Liabilities & Equity 80,165 73,485 71,940 69,329 66,764 47,617.7 46,382.1 57,100 55,802 50,108 47,993 46,297 45,384 40,969 39,426 39,276 38,050 39,662.5 38,230.2 37,171.5 40,630.3 39,143.3 39,331.4 39,562.5 54,334.6 51,382.7 36,960.1 32,072.0 40,298.1 41,261.1 38,861 38,092.0 36,708.0 48,312.0 45,704.0 41,987.0 39,261.0 28,069.0 26,025.0 23,713.6
Debt Metrics
Total Debt 41,059 38,314 36,177 31,920 29,673 20,661.7 20,278.4 24,405 20,304 21,459 20,285 20,098 18,912 16,022 14,827 11,910 10,899 12,300.9 11,337.8 12,853.0 13,492.3 13,085.0 13,930.2 15,420.2 20,124.2 19,928.0 10,456.9 11,335.0 13,557.0 13,603.0 13,957.0 13,452.9 13,040.0 11,445.0 10,218.0 9,309.0 9,347.0 10,581.0 8,674.1 7,551.3
Net Debt 40,739 36,742 35,405 31,771 29,384 20,485.9 20,166.6 23,980 19,679 20,606 19,672 19,532 18,577 15,893 14,652 11,136 10,212 9,242.4 8,680.1 12,271.7 13,129.4 12,704.6 13,216.5 15,114.9 19,555.9 19,668.6 8,061.9 10,965.0 11,307.9 12,654.0 13,770.1 12,086.0 12,919.0 11,208.0 9,895.1 9,001.0 9,205.9 10,511.0 8,468.1 6,871.7
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
Operating Activities
Net Income 6,460 375 2,327 2,115.7 2,840 2,473 3,224 2,929 2,994 3,031 2,678 2,718 2,388 2,876 2,574 2,190 1,749 1,033 4,057.0 2,007.2 1,915.3 1,497.5 1,844.6 1,898.0 2,419.6 311.9 5,458.6 4,598.0 1,414.0 1,152.0 782.0 1,178.0 (656) 1,390.0 1,329.0
Depreciation & Amortization 5,238 5,041 4,918 3,484.2 4,609 4,404 4,344 4,014 3,844 3,508 3,420 3,452 3,380 3,388 3,261 3,125 3,371 3,268.6 3,184.0 3,127.9 3,060.8 3,107.8 3,062.0 3,146.0 3,516.4 3,630.8 3,000.6 3,500.9 3,897.1 3,434.0 2,970.0 2,700.0 2,471.0 2,328.0 2,219.0
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
Change in Working Capital (657) (534) (157) 270.7 285 473 (48) 381 376 286 241 365 147 0 (21) (154) 40 366.7 (10.9) (247.0) (382.6) (358.8) 284.7 (360.4) 127.3 (1,472.7) (957.8) 0 0 0 0 269.0 (1,280.9) (3.1) 1,070.0
Other Non-Cash Items (4,048) 1,529 (138) 161.6 (770) (388) (691) (935) (895) (1,292) (989) (1,223) (267) (1,464) (945) (675) (317) 1,090.3 (1,926.7) 500.9 373.3 1,379.9 615.7 (1,879.1) (920.1) 625.4 (4,937.5) (4,416.4) (966.1) (209.9) (1,214.9) 74.1 1,708.8 345.1 289.0
Operating Cash Flow 6,993 6,988 7,946 6,170.9 8,008 7,754 7,958 7,384 7,358 6,643 6,274 6,241 6,476 5,560 4,869 4,724 4,875 5,887.6 5,706.6 5,314.5 5,573.9 5,711.5 6,379.0 3,594.6 5,216.5 2,354.5 2,597.9 3,772.0 4,390.0 4,306.0 2,367.1 4,230.0 2,259 4,062.0 4,933.0
Investing Activities
Capital Expenditure (3,700) (4,428) (4,764) (3,786.6) (6,919) (4,288) (3,974) (4,027) (4,034) (3,772) (4,161) (4,283) (3,571) (3,515) (3,256) (2,959) (2,854) (2,988.1) (3,151.3) (3,132.6) (3,428.3) (3,364.5) (3,179.2) (3,770.9) (7,395.7) (4,832.0) (3,588.0) (3,774.0) (3,413.0) (3,128.0) (2,804.1) (2,811.1) (3,210.0) (3,718.0) (3,270.0)
Acquisitions (4,992) (624) (13) (278.1) (12) (65) (51) (395) (1,649) (386) 98 702 (2,849) (13) (680) (54) (327) (65.6) 2,959.6 (71.1) (227.9) (1,299.5) (54.1) 0 0 (4,674.6) 0 0 0 0 0 0 0 0 407.0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 (38) (3) (593) (12) (44) (53) (8.5) (26.8) (304.1) (232.6) 20.4 55.4 (6,603.7) (1,165.2) 0 (2,729.0) (3,499.1) (1,166.0) (370.0) (174.0) (1,035.1) (420.0) (1,662.0) (245.0)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 6 107 0 36 10 0 56 139 113 1.2 191.7 64.1 17.4 655.1 167.5 0 4,331.4 0 0 0 0 0 86.0 2,235.9 740.0 907.1 208.0
Other Investing Activities 5,092 614 (1,004) (3.0) (72) 813 (11) 36 240 (534) (51) 13 12 20 8 (30) (85) (859.6) 312.8 1,276.8 5.8 124.8 (5.2) 3,238.9 875.5 1,222.3 6,285.2 522.3 1,543.0 657.0 (3.0) (233.8) (36.0) 529.9 (2,358.0)
Investing Cash Flow (3,600) (4,438) (5,781) (4,069.9) (7,003) (3,540) (4,036) (4,386) (5,437) (4,584) (4,114) (3,570) (6,401) (4,101) (3,884) (2,948) (3,206) (3,920.6) 286.0 (2,166.8) (3,865.6) (3,863.7) (3,015.6) (7,135.7) (3,354.0) (8,284.3) (31.8) (6,750.8) (3,036.0) (2,841.0) (2,895) (1,844.0) (2,926.0) (3,943.0) (5,258.0)
Financing Activities
Net Debt Issuance (1,831) 2,476 2,691 28.8 2,585 (638) (1,340) 160 691 719 (510) 784 2,215 486 (324) 660 (1,385) (451) (1,765.8) (432.2) (54.7) (819.5) (1,827.9) 2,005.0 (1,533.0) 4,437.6 (397.9) 1,037.2 (235.9) (324.1) 428 (63.0) 1,398 1,211.1 854.1
Stock Repurchased (182) (235) 0 (280.3) 0 0 0 (175) 0 (106) (138) (83) 0 (107) (143) (500) (894) (92) (560.1) (1,545.9) (77.9) (57.6) (465.0) (305.3) (538.0) (679.4) 0 (32.5) (134.0) (161.0) (749) (53.0) (158) (462.0) (10.1)
Dividends Paid (2,177) (3,800) (3,668) (2,543.6) (3,257) (3,107) (2,966) (2,828) (2,639) (2,431) (2,319) (2,027) (1,922) (1,816) (1,638) (1,796) (1,677) (1,082) (1,271.2) (1,253.5) (1,473.4) (1,381.1) (1,274.0) (1,509.3) (1,389.7) (1,187.8) (1,130.9) (1,094.4) (1,124.9) (1,112.0) (1,145) (1,082.1) (1,063) (1,055.9) (1,043.0)
Other Financing Activities (58) (191) (443) 464.8 (611) (416) (136) (366) (318) (206) (236) (1,246) (175) (389) 27 265 (90) 18.4 (469.8) 177.1 (62.8) (81.6) (42.5) (31.5) 1,526.6 87.0 56.0 942.1 11.7 (34.9) (47) (137.9) 121.0 (130.1) 27.0
Financing Cash Flow (4,646) (1,750) (1,542) (2,204.2) (1,022) (4,135) (4,202) (3,198) (2,149) (1,819) (2,113) (2,440) 131 (1,507) (1,581) (1,332) (4,044) (1,556.6) (3,914.0) (3,012.6) (1,643.2) (2,300.2) (2,948.6) 3,361.7 (1,862.5) 3,261.8 (549.8) 1,100 (54.0) (703.0) (652) (1,140.0) 551.0 (181.9) 340.1
Cash Position
Net Change in Cash (1,252) 800 623 (118.6) (17) 79 (280) (200) (228) 240 47 231 206 (48) (596) 86 (2,375) 405 2,076.7 136.3 65.1 (342.0) 414.8 (264.4) 308.8 (2,135.6) 2,025.0 (1,879.3) 1,300.1 (703.0) (1,180) (1,140.0) (116) (181.9) 340.1
Cash at Beginning 1,572 772 149 228.5 224 145 425 625 853 613 566 335 129 175 771 688 3,063 2,657.8 581.0 445.0 380.3 722.3 306.6 569.7 259.5 2,395.0 369.9 2,249.1 949.0 187.1 1,367.1 121.1 237.0 300.1 308.0
Cash at End 320 1,572 772 109.9 207 224 145 425 625 853 613 566 335 129 175 774 688 3,063.4 2,657.7 581.3 445.4 380.4 721.4 305.3 568.3 259.4 2,395.0 3,349.1 2,249.0 (516.0) 715.0 (1,018.9) 787.9 118.1 648.0
Free Cash Flow 3,293 2,560 3,182 2,384.2 1,089 3,466 3,984 3,357 3,324 2,872 2,113 1,958 2,905 2,045 1,613 1,765 2,021 2,899.5 2,555.4 2,182.0 2,145.6 2,347.0 3,199.8 (176.3) (2,179.2) (2,477.5) (990.0) (2.0) 977.0 1,178.0 (437.0) 1,419.0 (1,371) 344.1 1,662.9
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 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 24,468 24,409 24,673 24,174 23,449 22,883 18,348.2 23,468 22,719 21,719 21,514 21,042 20,400 19,978 19,497 18,069 17,735 17,697.9 17,865.7 17,713.2 19,104.5 19,192.5 19,055.8 19,768.6 21,711.2 18,093.9 14,214.4 27,454.0 34,516.9 28,167.1 24,624 21,669.9 19,827 20,784.0 19,884.0 18,373.0 16,680.9 15,253.0 14,649.0 13,932.5
Gross Profit 16,748 16,704 7,423 16,533 16,165 15,916 5,853.1 9,818 9,571 15,014 14,916 8,537 14,444 8,026 7,870 12,894 13,210 13,308.9 13,771.0 13,692.9 15,056.4 7,563.0 7,426.3 7,655.0 9,853.5 7,447.5 5,693.4 9,220.9 12,618.9 9,590.1 8,160 7,115.9 6,361.0 6,810.9 9,604.0 8,642.0 7,671.9 6,210.1 6,092.0 5,747.1
Operating Income 5,420 5,548 5,499 5,476 5,284 0 4,366.3 5,521 5,438 5,280 5,131 4,851 4,535 4,496 4,368 3,798 3,718 3,740 3,809.7 3,654.5 3,783.0 4,118.1 4,043.5 4,392.5 2,897.2 3,263.3 2,669.0 2,800.3 4,617.0 3,685.1 3,056 2,809.9 2,646 3,225.9 4,423.0 4,267.0 3,660.9 2,406.0 2,572.1 2,622.6
Net Income 6,460 344 2,263 2,868 2,840 2,634 2,460.8 2,929 2,994 3,031 2,678 2,500 2,106 2,595 2,340 2,195 1,738 943 4,057.0 2,007.2 1,961.9 1,593.5 1,815.0 2,407.9 434.6 4,860.5 5,458.6 4,597.5 (1,536.0) 1,152.0 782 1,178.0 (656) 1,390.0 1,329.0 1,147.0 761.1 887.0 1,086.9 1,023.6
EPS (Diluted) 6.78 0.18 2.28 2.98 2.99 2.53 3.37 3.26 3.20 3.33 2.98 2.97 2.54 3.39 2.88 2.85 2.11 1.01 4.87 2.25 2.04 1.72 1.89 2.62 0.46 7.04 8.37 7.02 -2.42 1.70 1.12 1.75 -1.05 2.12 2.01 1.75 1.22 1.55 1.93 1.89
Balance Sheet
Cash & Equivalents 320 1,572 772 149 289 175.8 111.8 425 625 853 613 566 335 127 175 774 687 3,058.5 2,657.7 581.3 362.8 380.4 713.6 305.3 568.3 259.4 2,395.0 370.0 2,249.0 949.0 186.9 1,367.0 121.0 237.0 323.0 308.0 141.1 70.0 206.0 679.6
Total Assets 80,165 73,485 71,940 69,329 66,764 47,617.7 46,382.1 57,100 55,802 50,108 47,993 46,297 45,384 40,969 39,426 39,276 38,050 39,662.5 37,797.2 36,957.1 40,481.5 39,139.7 39,331.4 39,562.5 54,334.6 51,382.7 36,960.4 32,170.3 40,298.1 41,261.1 38,697.0 38,092.0 36,708.0 48,312.0 45,704.0 41,987.0 39,261.0 28,069.0 26,025.0 23,713.6
Total Debt 41,059 38,314 36,177 31,920 29,673 20,661.7 20,278.4 24,405 20,304 21,459 20,285 20,098 18,912 16,022 14,827 11,910 10,899 12,300.9 11,337.8 12,853.0 13,492.3 13,085.0 13,930.2 15,420.2 20,124.2 19,928.0 10,456.9 11,335.0 13,557.0 13,603.0 13,957.0 13,452.9 13,040.0 11,445.0 10,218.0 9,309.0 9,347.0 10,581.0 8,674.1 7,551.3
Stockholders' Equity 23,020 17,071 20,229 22,178 22,635 16,474.9 16,251.4 20,363 19,160 17,540 17,023 14,946 15,011 13,875 13,778 17,207 16,974 17,310.6 17,232.1 13,367.9 14,721.5 14,031.7 13,579.8 12,614.1 16,798.8 17,461.0 17,892.1 13,645.0 9,809.0 11,972.0 11,289 11,352.1 10,923.0 12,306.9 11,959.0 10,090.0 9,548.0 9,356.0 9,024.0 8,366.1
Cash Flow
Operating Cash Flow 6,993 6,988 7,946 6,170.9 8,008 7,754 7,958 7,384 7,358 6,643 6,274 6,241 6,476 5,560 4,869 4,724 4,875 5,887.6 5,706.6 5,314.5 5,573.9 5,711.5 6,379.0 3,594.6 5,216.5 2,354.5 2,597.9 3,772.0 4,390.0 4,306.0 2,367.1 4,230.0 2,259 4,062.0 4,933.0
Capital Expenditure (3,700) (4,428) (4,764) (3,786.6) (6,919) (4,288) (3,974) (4,027) (4,034) (3,772) (4,161) (4,283) (3,571) (3,515) (3,256) (2,959) (2,854) (2,988.1) (3,151.3) (3,132.6) (3,428.3) (3,364.5) (3,179.2) (3,770.9) (7,395.7) (4,832.0) (3,588.0) (3,774.0) (3,413.0) (3,128.0) (2,804.1) (2,811.1) (3,210.0) (3,718.0) (3,270.0)
Free Cash Flow 3,293 2,560 3,182 2,384.2 1,089 3,466 3,984 3,357 3,324 2,872 2,113 1,958 2,905 2,045 1,613 1,765 2,021 2,899.5 2,555.4 2,182.0 2,145.6 2,347.0 3,199.8 (176.3) (2,179.2) (2,477.5) (990.0) (2.0) 977.0 1,178.0 (437.0) 1,419.0 (1,371) 344.1 1,662.9