Franklin Resources, Inc. logo BEN - Franklin Resources, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 16
SELL 5
STRONG
SELL
0
| PRICE TARGET: $32.75 DETAILS
HIGH: $34.00
LOW: $31.00
MEDIAN: $33.00
CONSENSUS: $32.75
DOWNSIDE: 2.24%
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 8,770.7 8,478 7,849.4 8,275.3 8,425.5 5,566.5 5,669.4 6,204.5 6,392.2 6,618 7,948.7 8,491.4 7,985 7,101 7,140 5,853 4,194.1 6,032.4 6,205.8 5,050.7 4,310.1 3,438.2 2,632.1 2,522.9 2,354.8 2,340.1 2,262.5 2,577.3 2,163.3 1,519.5 1,257.8 812.8 640.7 385 318.4 287.9 253.3 202.6 206.7 143.1
Cost of Revenue 1,724 1,686.6 1,499.5 1,426.4 1,428.6 1,062.7 960.6 928.4 1,333.7 1,360.9 1,453.3 1,467.9 1,384.5 1,255.5 1,231.2 2,282.9 1,352.0 1,937.1 2,160.6 0 0 0 0 0 0 0 0 0 0 520.2 383.5 18.4 7.3 0 36.6 33.2 0 0 0 0
Gross Profit 7,046.7 6,791.4 6,349.9 6,848.9 6,996.9 4,503.8 4,708.8 5,276.1 5,058.5 5,257.1 6,495.4 7,023.5 6,600.5 5,845.5 5,908.8 3,570.1 2,842.1 4,095.3 4,045.1 5,050.7 4,310.1 3,438.2 2,632.1 2,522.9 2,354.8 2,340.1 2,262.5 2,577.3 2,163.3 1,002.4 874.3 808.5 633.4 385 281.8 254.7 253.3 202.6 206.7 143.1
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 182.9 173.1 0 0 0 317.9 302.3 286.9 273.5 285.3 294.2 263.3 213.7 212.5 181.7 135.4 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 4,896.8 4,675.2 4,066.9 4,121.4 4,214.8 2,916.7 2,905 2,994.3 2,574.4 2,684.1 3,243.5 3,586 3,488.1 3,147.4 3,075.9 1,315.8 1,348.8 1,626.0 1,588.0 156.5 137.3 112.0 92.4 106.9 106.3 101.2 105.9 125.9 96.6 71.7 199.3 427.8 329.5 120.7 102.8 93.8 0 0 0 0
Other Expenses 1,545.8 1,708.6 1,180.7 953.6 907.1 538.2 336.9 253.6 219.8 207.3 224.3 216.3 191.1 0 (0.0) 130 290.6 370.3 71.7 2,958.5 2,597.6 2,121.8 1,606.3 1,536.4 1,473.3 1,361.8 1,405.0 1,627.6 1,339.9 422.0 306.9 (0.1) 19.0 (167.5) 4.7 4.4 (112.1) (92.9) (92.6) (76.4)
Operating Expenses 6,442.6 6,383.8 5,247.6 5,075 5,121.9 3,454.9 3,241.9 3,247.9 2,794.2 2,891.4 3,467.8 3,802.3 3,679.2 3,330.3 3,249 1,611.4 1,639.5 1,996.3 1,977.6 3,417.3 3,021.7 2,507.4 1,984.0 1,937.4 1,842.8 1,676.7 1,723.4 1,935.2 1,571.8 582.2 506.2 427.7 348.6 (46.8) 107.5 98.2 (112.1) (92.9) (92.6) (76.4)
Operating Income
Operating Income 604.1 407.6 1,102.3 1,773.9 1,875 1,048.9 1,466.9 2,028.2 2,264.3 2,365.7 3,027.6 3,221.2 2,921.3 2,515.2 2,659.8 1,958.7 1,202.6 2,099.0 2,067.5 1,633.4 1,288.4 930.8 648.1 585.5 512.0 663.4 539.1 642.1 591.5 417.1 368.1 366.7 284.9 431.8 174.3 156.5 365.4 295.5 299.3 219.5
Interest Expense 94.9 97.2 123.7 98.2 85.4 33.4 22.4 46.3 51.5 49.9 39.6 47.4 46.9 36.7 37.4 16.5 3.8 15.8 23.2 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 8.8 0 31 76.5 74.9 36.5 10.8 9.1 7.5 12.5 11 12.9 31.9 100.4 133.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,413.5 1,375.1 1,907.1 2,205.4 2,840.2 1,179.8 1,763.6 2,337.9 2,680.9 2,636.8 3,165.4 3,551.6 3,167 2,797 2,750 2,353.7 1,473.6 2,467.6 2,687.1 3,490.1 2,906.7 2,149.4 1,594.0 2,522.9 1,372.7 1,486.2 1,359.2 1,675.2 1,427.7 1,000.0 437.6 403.4 309.2 436.1 179 160.9 365.4 295.5 299.3 219.5
EBIT 881.7 920.4 1,461.7 1,827.6 2,529.6 1,051.3 1,670.2 2,261.5 2,600.6 2,549.7 3,068 3,457 3,073.5 2,714.9 2,661.6 2,086.3 1,292.4 2,252.3 2,488.5 3,274.8 2,694.5 1,965.9 1,416.6 2,522.9 1,148.9 1,286.6 1,159.2 1,483.8 1,303.8 935.2 396.6 366.7 284.9 431.8 174.3 156.5 365.4 295.5 299.3 219.5
Income Before Tax 786.8 823.2 1,338 1,729.4 2,444.2 1,017.9 1,647.8 2,215.2 2,549.1 2,499.8 3,028.4 3,409.6 3,026.6 2,678.2 2,624.2 2,069.8 1,288.6 2,236.6 2,465.3 1,835.6 1,420.9 993.9 700.2 578.3 637.8 739.6 574.1 676.3 615.7 456.2 386.7 362.5 274.4 204.8 162.7 144.4 129.7 109.3 113.4 66.3
Income Tax Expense 237.9 215.3 312.3 396.2 349.6 230.8 442.3 1,472.5 759.4 742.1 923.7 997.9 855.9 762.7 803.4 618.3 384.3 648.4 692.4 568.0 363.2 292.0 197.4 145.6 153.1 177.5 147.4 175.8 181.7 141.5 117.7 111.2 98.9 80.7 64.5 55 51.1 43 54.5 34.2
Net Income 524.9 464.8 882.8 1,291.9 1,831.2 798.9 1,195.7 764.4 1,696.7 1,726.7 2,035.3 2,384.3 2,150.2 1,931.4 1,923.6 1,445.7 896.8 1,588.2 1,772.9 1,267.6 1,057.6 706.7 502.8 432.7 484.7 562.1 426.7 500.4 434.1 314.7 268.9 251.3 175.5 124.1 98.2 89.4 78.6 66.3 58.9 32.1
Per Share Data
EPS (Basic) 0.91 0.85 1.72 2.53 3.58 1.59 2.35 1.42 3.01 2.94 3.29 3.79 3.37 2.99 2.89 2.12 1.30 2.24 2.37 1.66 1.41 0.95 0.66 0.55 0.64 0.76 0.56 0.66 0.57 0.42 0.36 0.33 0.24 0.18 0.14 0.13 0.11 0.09 0.08 0.05
EPS (Diluted) 0.91 0.85 1.72 2.53 3.57 1.59 2.35 1.42 3.01 2.94 3.29 3.79 3.37 2.98 2.87 2.11 1.29 2.22 2.34 1.62 1.35 0.92 0.66 0.55 0.64 0.76 0.56 0.66 0.57 0.42 0.36 0.33 0.23 0.18 0.14 0.13 0.11 0.09 0.08 0.05
Shares Outstanding 514.5 509.5 490 488.7 489.9 491.9 503.6 537.4 558.8 583.8 614.8 624.8 633.1 641.4 663.1 678.3 691.0 709.2 747.6 765.1 751.9 746.5 761.9 782.0 757.4 739.6 757.5 758.3 757.1 742.6 747.1 753.9 745.1 702.5 701.4 705.8 693.5 710.4 706.8 687.9
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 3,573.9 4,408.9 4,402.4 4,782.5 4,647.2 3,989.8 5,957.6 6,910.6 8,749.7 8,483.3 8,368.1 7,596 6,323.1 6,051.4 5,198.6 3,985.3 2,982.5 2,314.8 3,304.5 3,613.1 3,076.3 2,814.2 1,053.7 980.6 596.2 740.0 819.2 556.0 442.7 502.2 261.7 210.4 303.0 0 4 5 0 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,422.4 1,567.9 1,581.8 1,793.2 1,205.0 1,105.9 873.2 690.0 1,880.3 1,553.1 1,380.7 662.7 412.5 491.9 213.9 199.5 232.1 179.6 209.1 617.3 429.4 0 0 0 0 0
Net Receivables 1,541.7 1,479.1 1,348.4 1,264.8 1,428.2 1,233.1 839 847.9 1,001.9 794.3 838 950 1,268.6 1,104.6 922.6 684.2 581.8 690.4 865.1 628.8 549.2 406.2 338.3 292.3 296.2 268.4 444.5 395.7 530.0 533.6 599.4 516.8 248.3 0 118.5 83 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (34.6) 89.2 67.8 17.3 82.1 770.7 121.9 133.4 523.4 490.2 673.2 266.8 3.2 5.0 3.7 4.7 6.9 5.3 3.2 0 4.3 373.1 0 0 0 0
Total Current Assets 5,115.6 5,888 5,750.8 6,047.3 6,075.4 5,222.9 6,796.6 7,758.5 9,751.6 9,277.6 9,206.1 8,546 7,591.7 7,156 8,543.6 6,362.8 5,244.4 4,849.6 5,456.7 6,118.5 4,620.6 4,043.8 3,887.3 3,414.0 3,055.2 1,955.9 1,703.7 1,470.8 1,210.5 1,249.9 1,107.3 920.3 775.3 617.3 556.2 461.1 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 1,713.4 1,769.7 1,206.4 1,207.8 1,218.4 1,348.6 683.7 535 517.2 523.2 510.1 530.7 564.1 582.7 589.7 549.0 535.5 554.7 559.5 506.3 489.4 470.6 356.8 394.2 449.6 444.7 416.4 349.2 217.1 161.6 118.6 94.2 66 34.8 22.3 17.3 0 0 0 0
Goodwill 6,206 6,211.4 6,003.8 5,778.6 4,457.7 4,500.8 2,130.3 1,794.8 1,687.2 1,661.2 1,661.2 1,691 1,701.5 1,540.8 1,536.2 1,444.3 1,436.6 1,438.1 1,456.4 1,406.8 1,390.9 1,381.8 1,335.5 1,321.9 0 0 0 0 0 0 0 678.7 0 0 0 0 0 0 0 0
Intangible Assets 4,166 4,802.1 4,902.2 5,082.1 4,710.2 4,914.2 864.2 538.6 540.5 550.1 595.8 634.9 657.7 601.1 612 562.4 568.0 579.6 601.8 574.6 656.6 671.5 684.3 697.2 702.2 1,169.5 1,202.8 1,253.7 1,224.0 642.0 660.4 0 697 0 0 0 0 0 0 0
Long-Term Investments 14,652.8 13,373.3 11,859.2 9,549.4 7,330.4 5,378.5 3,859.7 3,535.9 4,861 3,930 4,109.1 4,678.2 4,583.5 4,614.5 1,768.3 1,134.2 1,090.5 916.1 703.6 471.6 452.8 388.8 280.4 263.9 243.1 0 0 0 0 0 24.1 18.2 17.3 (617.3) 0 0 0 0 0 0
Other Non-Current Assets 514.5 420 398.8 395.4 376.3 319.5 197.7 220.7 176.5 156.7 152.7 178.2 179.4 161.5 618.1 655.5 593.5 838.5 1,154.2 422.1 1,283.7 1,271.3 426.6 331.4 528.9 472.4 344.0 406.4 419.5 320.7 334.3 257.4 26.1 799.5 0.1 0.1 394 177.2 137.9 88.2
Total Non-Current Assets 27,252.7 26,576.5 24,370.4 22,013.3 18,093 16,461.6 7,735.6 6,625 7,782.4 6,821.2 7,129.6 7,811.1 7,798.6 7,595.5 5,232.2 4,345.3 4,224.0 4,326.9 4,475.5 3,381.4 4,273.3 4,183.9 3,083.5 3,008.7 3,210.4 2,086.6 1,963.1 2,009.3 1,884.7 1,124.3 1,137.4 1,048.4 806.2 217 22.4 17.4 394 177.2 137.9 88.2
Total Assets 32,368.3 32,464.5 30,121.2 28,060.6 24,168.4 21,684.5 14,532.2 14,383.5 17,534 16,098.8 16,335.7 16,357.1 15,390.3 14,751.5 13,775.8 10,708.1 9,468.5 9,176.5 9,932.3 9,499.9 8,893.9 8,227.8 6,970.7 6,422.7 6,265.6 4,042.4 3,666.8 3,480.0 3,095.2 2,374.2 2,244.7 1,968.8 1,581.5 834.3 578.6 478.5 394 177.2 137.9 88.2
Current Liabilities
Account Payables 1,678.4 1,412.8 879.7 1,113.1 1,037.3 1,038.1 304.4 226.9 291.5 233.3 232.1 237.5 273.7 241.6 265.9 546.6 393.9 520.0 546.9 263.0 205.9 287.6 172.0 205.4 423.2 179.5 130.1 96.4 171.9 208.9 117.7 351.1 86.0 0 35.9 32 0 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 84.5 30.0 64.2 13.3 420 232.3 239.2 169.6 0.3 7.8 8.4 68.8 109.0 118.0 118.4 0.4 87.2 84.5 51.7 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,576.1 0 28.4 29.3 26.1 789.3 (48.1) (26.1) (48.3) 804.0 779.4 160.9 141.0 164.4 187.4 208.7 244.1 198.4 240.3 0 0 0 0 0 0 0
Total Current Liabilities 1,885.9 1,819.2 1,393.2 1,636.2 1,730.9 1,741.4 1,266.5 1,389.4 479.5 337.9 324.7 314.4 273.7 241.6 2,055.3 1,006.6 725.5 935.9 1,435.6 1,870.6 851.9 920.7 488.5 1,339.0 1,528.1 728.5 662.9 655.5 709.9 551.7 686.8 640.5 383.7 0 35.9 32 0 0 0 0
Non-Current Liabilities
Long-Term Debt 12,299.3 12,121.8 11,284.6 8,834.1 7,070.4 5,817.7 747.7 728.5 1,097.6 2,083.4 2,155.3 2,149 2,295.1 2,777.2 2,200.8 949.9 0 118.4 162.1 627.9 1,208.4 1,196.4 1,108.9 595.1 566.0 294.1 294.3 494.5 493.2 399.5 382.4 383.7 454.8 155.5 5.5 4.2 6.1 2.6 3.6 6.7
Deferred Tax Liabilities 261.6 284.9 450.4 347.8 311.7 305.3 120.1 126.5 170.6 161.5 241.4 259.3 272.5 276.3 274.4 237.8 218.8 146.5 214.5 211.6 235.0 236.1 203.5 175.2 0 0 0 0 0 0 0 0 11 0 0 0 0 0 0 0
Other Non-Current Liabilities 2,732.1 2,708.7 2,951.3 2,889.4 1,793.4 1,788.1 1,027 887.6 908.6 926.7 1,058.9 1,187.2 1,741.7 1,669.2 122.8 763.8 824.5 824.2 746.3 9.2 838.1 691.6 834.4 46.6 41.2 54.3 52.6 49.3 37.8 22.4 14.5 13.8 11.7 211.6 174.2 153.5 171.4 24.1 29.7 29.3
Total Non-Current Liabilities 16,293.6 16,080.5 15,154.1 12,599.7 9,693.9 8,532.1 1,894.8 1,742.6 2,176.8 3,171.6 3,455.6 3,595.5 4,309.3 4,722.7 2,598 1,951.5 1,043.4 1,089.1 1,123.0 848.8 2,281.5 2,124.1 2,146.8 816.8 759.7 348.4 346.9 543.8 531.1 421.9 396.8 397.5 477.5 367.1 179.7 157.7 177.5 26.7 33.3 36
Total Liabilities 18,179.5 17,899.7 16,547.3 14,235.9 11,424.8 10,273.5 3,161.3 3,132 2,656.3 3,509.5 3,780.3 3,909.9 4,583 4,964.3 4,653.3 2,958.1 1,768.9 2,025.0 2,558.6 2,719.3 3,133.4 3,044.9 2,635.3 2,155.8 2,287.8 1,077.0 1,009.8 1,199.3 1,241.0 973.6 1,083.6 1,037.9 861.2 367.1 215.6 189.7 177.5 26.7 33.3 36
Stockholders' Equity
Common Stock 52.1 52.4 49.6 50 50.2 49.5 49.9 51.9 55.5 57 60.4 62.3 63.1 21.2 21.8 22.4 22.9 23.3 24.5 25.3 25.3 25.0 24.6 25.9 26.1 24.4 25.1 25.2 12.6 8.2 8.2 8.2 0 0 0 0 0 0 0 0
Retained Earnings 11,516 11,927.6 12,376.6 12,045.6 11,550.8 10,472.6 10,288.2 10,217.9 12,849.3 12,226.2 12,094.8 11,639.5 10,003.9 9,118.1 8,462.5 7,530.9 7,505.9 7,044.7 7,049.4 6,333.8 5,206.5 4,751.5 4,129.6 3,702.6 3,343.0 2,932.2 2,566.0 2,194.8 1,757.5 1,370.5 1,091.2 855.5 630.4 477.9 378.2 297.9 226.1 159 103.7 50.6
Accumulated Other Comprehensive Income (447.1) (419.5) (509.3) (621) (377.6) (407.6) (431.6) (370.6) (284.8) (347.4) (314.2) (117.7) 6.1 62 40.5 173.7 103.4 6.4 258.3 140.0 99.7 75.2 47.8 (59.7) (49.0) 12.4 (0.3) 0 0 (71.4) (57.6) (44.1) 0 0 0 0 0 0 0 0
Total Stockholders' Equity 12,077.8 12,508.1 11,916.9 11,474.6 11,223.4 10,114.5 9,906.5 9,899.2 12,620 11,935.8 11,841 11,584.1 10,073.1 9,201.3 8,524.7 7,727.0 7,632.2 7,074.4 7,332.3 6,684.7 5,684.4 5,106.8 4,310.1 4,266.9 3,977.9 2,965.5 2,657.0 2,280.8 1,854.2 1,400.6 1,161.0 930.8 720.4 467.2 363 288.8 216.5 150.5 104.6 52.2
Total Liabilities & Equity 32,368.3 32,464.5 30,121.2 28,060.6 24,168.4 21,684.5 14,532.2 14,383.5 17,534 16,098.8 16,335.7 16,357.1 15,390.3 14,751.5 13,775.8 10,708.1 9,468.5 9,176.5 9,932.3 9,499.9 8,893.9 8,227.8 6,970.7 6,422.7 6,265.6 4,042.4 3,666.8 3,480.0 3,095.2 2,374.2 2,244.7 1,968.8 1,581.5 834.3 578.6 478.5 394 177.2 137.9 88.2
Debt Metrics
Total Debt 13,299.9 13,086.9 11,752.4 9,362.5 7,588.8 6,438.7 747.7 728.5 1,097.6 2,083.4 2,155.3 2,149 2,295.1 2,777.2 2,285.3 979.9 64.2 131.7 582.1 860.2 1,447.6 1,366.0 1,109.2 602.9 574.4 362.9 403.2 612.4 611.6 399.9 469.6 468.1 506.5 155.5 5.5 4.2 6.1 2.6 3.6 6.7
Net Debt 9,726 8,678 7,350 4,580 2,941.6 2,448.9 (5,209.9) (6,182.1) (7,652.1) (6,399.9) (6,212.8) (5,447) (4,028) (3,274.2) (2,913.3) (3,005.4) (2,918.4) (2,183.1) (2,722.4) (2,752.9) (1,628.7) (1,448.1) 55.5 (377.7) (21.8) (377.1) (416.0) 56.4 168.9 (102.3) 207.9 257.8 203.6 155.5 1.5 (0.8) 6.1 2.6 3.6 6.7
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
Operating Activities
Net Income 548.9 607.9 1,025.7 1,333.2 2,094.6 787.1 1,205.5 742.7 1,789.7 1,757.7 2,104.7 2,411.7 2,170.7 1,915.5 1,820.8 1,451.5 904.3 1,588.2 1,772.9 1,267.6 1,057.6 706.7 502.8 432.7 484.7 562.1 426.7 500.4 434.1 314.7 268.9 251.3 175.5 124.1 98.2 89.4
Depreciation & Amortization 531.8 454.7 445.4 377.8 310.6 128.5 93.4 76.4 80.3 87.1 97.4 94.6 93.5 82.1 88.4 267.4 181.3 215.2 198.6 215.3 212.2 183.4 177.4 183.1 223.8 199.6 200.0 191.4 123.9 64.7 40.9 36.7 24.3 4.3 (4.7) (4.4)
Stock-Based Compensation 214.8 246.1 182.6 208.2 171.9 122.3 111.5 117.8 123.4 131.5 140 127.7 113.4 101.3 88.7 81.7 84.4 80.7 90.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (249.1) (145.8) 64.7 71.2 (102.4) 477.9 148.5 852.7 114.4 (299.6) (205.9) (467) (326.2) (1,064.2) (551.6) (93.2) (589.7) (420.2) (197.9) 76.4 48.3 227.1 46.3 223.4 74.8 93.2 69.3 98.8 142.6 51.4 (7.3) (3.6) 15.5 (107.6) (34.1) 2.9
Other Non-Cash Items 66.9 (67) (670.7) (131.7) (1,233) (425.4) (1,289.1) 490.7 (981.2) 42 115.8 (29) (15.7) 15.2 178.8 (44.3) 47.9 (65.4) (190.1) (393.4) (448.1) (236.7) (169.3) (104.1) (230.2) (153.2) (111.6) (97.0) (272.0) (71.3) (6.8) (1.3) (19.9) 51.2 9.6 12.5
Operating Cash Flow 1,066.1 971.3 1,089.2 1,956.7 1,245.4 1,083.3 268.5 2,229.7 1,135.4 1,727.7 2,252 2,138 2,035.7 1,066.2 1,621.8 1,651 641.4 1,409.2 1,673.6 1,277.9 850.0 929.7 536.4 735.2 553.2 701.7 584.5 693.7 428.5 359.6 296.5 274.8 199.4 70.7 69.7 100.7
Investing Activities
Capital Expenditure (154.5) (177.1) (148.8) (90.3) (79.3) (103.7) (233.7) (106.5) (74.9) (97.6) (68.8) (53.1) (62.2) (78.4) (131.7) (57.4) (44.6) (70.2) (94.1) (69.0) (74.9) (25.9) (52.7) (53.1) (107.3) (108.4) (135.2) (162.2) (83.0) (64.4) (40.4) (39.2) (20.1) (16.4) (6.5) (12.8)
Acquisitions 0 175.1 (500.5) (1,354.7) (9) (3,821.4) (493.5) (86.8) (14) 0 0 0 0.8 0 (111.1) 0 0.5 6.7 (92.3) (3.8) (0.0) (68.3) 0 (51.8) (99.1) 0 0 (64.3) (550.7) 0 0 0 (631.9) 0 0 0
Purchases of Investments (7,792.5) (7,544.3) (5,171.7) (4,918.1) (4,808.8) (2,011.7) (980) (456.6) (522.9) (712.7) (736.1) (1,037.6) (1,256.5) (853.2) (1,557.7) (759.7) (2,078.5) (2,264.1) (1,067.2) (774.1) (1,340.6) (2,449.2) (2,608.3) (1,775.9) (1,051.5) (661.0) (756.7) (518.4) (137.1) (131.7) (240.4) (106.6) (60.9) (232.3) (5) (19.4)
Sales/Maturities of Investments 5,694.8 5,657.5 2,442.7 3,014 2,218.2 1,915.5 431.8 359.5 713 1,002.5 1,053.8 1,253.8 1,526.5 1,407.9 2,063.5 784.4 2,413.1 1,231.5 939.5 864.5 1,411.8 3,504.8 2,416.3 1,494.2 650.4 400.6 940.7 114.6 127.2 166.6 204.1 140.5 191.9 43.6 8.7 0
Other Investing Activities (90.5) (534.9) (232) 19.9 63 (40.6) 0 0 (49.2) 0 0 227.5 24.3 397.1 172.9 0 (0.5) 0 8.1 19.0 (253.8) (120.0) (15.1) 169.8 (144.9) (67.0) (21.5) 151.8 50.2 104.1 (75.4) (268.2) (18.8) 0 (66.3) (60.8)
Investing Cash Flow (2,342.7) (2,423.7) (3,610.3) (3,329.2) (2,615.9) (4,061.9) (1,275.4) (290.4) 52 192.2 248.9 390.6 232.9 873.4 435.9 (32.7) 289.9 (1,096.1) (306.2) 36.5 (257.6) 841.4 (259.8) (216.7) (752.4) (435.8) 27.3 (478.5) (593.4) 74.6 (152.0) (273.4) (539.8) (205.1) (69.1) (93)
Financing Activities
Net Debt Issuance 829.1 2,183.8 2,134.9 2,138.6 2,066.1 1,056.3 459.9 (382.9) (641.6) (93.8) (14.7) (180) (743.9) 313.1 (340.3) 851.5 (79.8) (512.5) (140.1) (48.7) 241.1 77.7 500.4 27.9 215.5 (28.9) (201.8) (2.3) 287.6 (68.7) 1.4 (38.4) 337.4 149.7 1.4 (1.9)
Stock Repurchased (240.3) (274.4) (256.3) (180.8) (208.2) (218.2) (754.5) (1,424.8) (765.3) (1,308) (1,059.8) (622.2) (491) (797.4) (954.2) (675.8) (376.9) (1,543.3) (1,288.7) (985.9) (170.1) (67.6) (575.7) (124.9) (172.1) (250.0) (64.3) (42.6) (19.1) (53.4) (42.1) (26.4) 0 0 (6.3) (14.7)
Dividends Paid (683.7) (656.4) (607.3) (583.1) (559.7) (533.2) (518.6) (2,116.9) (441.2) (408.7) (666.4) (290.4) (882.7) (663) (216.3) (883.5) (192.8) (179.0) (142.7) (117.7) (598.7) (82.0) (75.4) (71.8) (63.5) (58.0) (54.3) (49.3) (40.4) (34.6) (31.7) (25.4) (22.3) (19.7) (17.4) (2.2)
Other Financing Activities 523.2 136.5 637.3 185.2 709.6 408.9 1,129.8 138.1 867.2 (14.3) 103.2 (135.3) 58.2 13.3 493.0 71.1 190.3 793.3 56.1 200.6 39.6 114.0 (98.3) 16.0 67.3 (3.4) (29.6) (10.6) (124.5) (38.2) (21.1) (3.9) 17.6 2.9 20.5 10.7
Financing Cash Flow 452.4 1,415.6 2,106.7 1,585 2,030.1 734.4 339.9 (3,761.7) (956) (1,800.7) (1,612.2) (1,195.3) (2,018.1) (1,084.9) (968.2) (594.9) (340.6) (1,300.0) (1,449.2) (853.4) (357.5) 92.4 (203.5) (135.7) 49.4 (339.1) (348.6) (101.9) 105.5 (193.7) (93.2) (94.0) 334.7 133.3 (1.6) (7.3)
Cash Position
Net Change in Cash (835) 6.5 (380.1) 135.3 657.4 (2,216.8) (704) (1,839.1) 266.4 115.2 772.1 1,272.9 271.7 852.8 1,074.9 1,019.2 576.9 (1,056.6) (29.0) 461.0 235.0 1,863.5 73.1 384.4 (149.8) (73.2) 263.2 113.3 (59.4) 240.5 51.3 (92.6) (5.7) (3.9) (5) (4.7)
Cash at Beginning 4,408.9 4,402.4 4,782.5 4,647.2 3,989.8 6,206.6 6,910.6 8,749.7 8,483.3 8,368.1 7,596 6,323.1 6,051.4 5,198.6 4,123.7 3,104.5 2,527.6 3,584.2 3,613.1 3,152.2 2,917.2 1,053.7 980.6 596.2 746.0 819.2 556.0 442.7 502.2 261.7 210.4 303.0 308.6 3.9 5 4.7
Cash at End 3,573.9 4,408.9 4,402.4 4,782.5 4,647.2 3,989.8 6,206.6 6,910.6 8,749.7 8,483.3 8,368.1 7,596 6,323.1 6,051.4 5,198.6 4,123.7 3,104.5 2,527.6 3,584.2 3,613.1 3,152.2 2,917.2 1,053.7 980.6 596.2 746.0 819.2 556.0 442.7 502.2 261.7 210.4 303.0 0 0 0
Free Cash Flow 911.6 794.2 940.4 1,866.4 1,166.1 979.6 34.8 2,123.2 1,060.5 1,630.1 2,183.2 2,084.9 1,973.5 987.8 1,490.1 1,593.6 596.8 1,339.0 1,579.5 1,208.8 775.1 903.7 483.8 735.2 445.9 593.3 449.3 531.5 345.6 295.2 256.1 274.8 199.4 54.3 63.2 87.9
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 8,770.7 8,478 7,849.4 8,275.3 8,425.5 5,566.5 5,669.4 6,204.5 6,392.2 6,618 7,948.7 8,491.4 7,985 7,101 7,140 5,853 4,194.1 6,032.4 6,205.8 5,050.7 4,310.1 3,438.2 2,632.1 2,522.9 2,354.8 2,340.1 2,262.5 2,577.3 2,163.3 1,519.5 1,257.8 812.8 640.7 385 318.4 287.9 253.3 202.6 206.7 143.1
Gross Profit 7,046.7 6,791.4 6,349.9 6,848.9 6,996.9 4,503.8 4,708.8 5,276.1 5,058.5 5,257.1 6,495.4 7,023.5 6,600.5 5,845.5 5,908.8 3,570.1 2,842.1 4,095.3 4,045.1 5,050.7 4,310.1 3,438.2 2,632.1 2,522.9 2,354.8 2,340.1 2,262.5 2,577.3 2,163.3 1,002.4 874.3 808.5 633.4 385 281.8 254.7 253.3 202.6 206.7 143.1
Operating Income 604.1 407.6 1,102.3 1,773.9 1,875 1,048.9 1,466.9 2,028.2 2,264.3 2,365.7 3,027.6 3,221.2 2,921.3 2,515.2 2,659.8 1,958.7 1,202.6 2,099.0 2,067.5 1,633.4 1,288.4 930.8 648.1 585.5 512.0 663.4 539.1 642.1 591.5 417.1 368.1 366.7 284.9 431.8 174.3 156.5 365.4 295.5 299.3 219.5
Net Income 524.9 464.8 882.8 1,291.9 1,831.2 798.9 1,195.7 764.4 1,696.7 1,726.7 2,035.3 2,384.3 2,150.2 1,931.4 1,923.6 1,445.7 896.8 1,588.2 1,772.9 1,267.6 1,057.6 706.7 502.8 432.7 484.7 562.1 426.7 500.4 434.1 314.7 268.9 251.3 175.5 124.1 98.2 89.4 78.6 66.3 58.9 32.1
EPS (Diluted) 0.91 0.85 1.72 2.53 3.57 1.59 2.35 1.42 3.01 2.94 3.29 3.79 3.37 2.98 2.87 2.11 1.29 2.22 2.34 1.62 1.35 0.92 0.66 0.55 0.64 0.76 0.56 0.66 0.57 0.42 0.36 0.33 0.23 0.18 0.14 0.13 0.11 0.09 0.08 0.05
Balance Sheet
Cash & Equivalents 3,573.9 4,408.9 4,402.4 4,782.5 4,647.2 3,989.8 5,957.6 6,910.6 8,749.7 8,483.3 8,368.1 7,596 6,323.1 6,051.4 5,198.6 3,985.3 2,982.5 2,314.8 3,304.5 3,613.1 3,076.3 2,814.2 1,053.7 980.6 596.2 740.0 819.2 556.0 442.7 502.2 261.7 210.4 303.0 0 4 5 0 0 0 0
Total Assets 32,368.3 32,464.5 30,121.2 28,060.6 24,168.4 21,684.5 14,532.2 14,383.5 17,534 16,098.8 16,335.7 16,357.1 15,390.3 14,751.5 13,775.8 10,708.1 9,468.5 9,176.5 9,932.3 9,499.9 8,893.9 8,227.8 6,970.7 6,422.7 6,265.6 4,042.4 3,666.8 3,480.0 3,095.2 2,374.2 2,244.7 1,968.8 1,581.5 834.3 578.6 478.5 394 177.2 137.9 88.2
Total Debt 13,299.9 13,086.9 11,752.4 9,362.5 7,588.8 6,438.7 747.7 728.5 1,097.6 2,083.4 2,155.3 2,149 2,295.1 2,777.2 2,285.3 979.9 64.2 131.7 582.1 860.2 1,447.6 1,366.0 1,109.2 602.9 574.4 362.9 403.2 612.4 611.6 399.9 469.6 468.1 506.5 155.5 5.5 4.2 6.1 2.6 3.6 6.7
Stockholders' Equity 12,077.8 12,508.1 11,916.9 11,474.6 11,223.4 10,114.5 9,906.5 9,899.2 12,620 11,935.8 11,841 11,584.1 10,073.1 9,201.3 8,524.7 7,727.0 7,632.2 7,074.4 7,332.3 6,684.7 5,684.4 5,106.8 4,310.1 4,266.9 3,977.9 2,965.5 2,657.0 2,280.8 1,854.2 1,400.6 1,161.0 930.8 720.4 467.2 363 288.8 216.5 150.5 104.6 52.2
Cash Flow
Operating Cash Flow 1,066.1 971.3 1,089.2 1,956.7 1,245.4 1,083.3 268.5 2,229.7 1,135.4 1,727.7 2,252 2,138 2,035.7 1,066.2 1,621.8 1,651 641.4 1,409.2 1,673.6 1,277.9 850.0 929.7 536.4 735.2 553.2 701.7 584.5 693.7 428.5 359.6 296.5 274.8 199.4 70.7 69.7 100.7
Capital Expenditure (154.5) (177.1) (148.8) (90.3) (79.3) (103.7) (233.7) (106.5) (74.9) (97.6) (68.8) (53.1) (62.2) (78.4) (131.7) (57.4) (44.6) (70.2) (94.1) (69.0) (74.9) (25.9) (52.7) (53.1) (107.3) (108.4) (135.2) (162.2) (83.0) (64.4) (40.4) (39.2) (20.1) (16.4) (6.5) (12.8)
Free Cash Flow 911.6 794.2 940.4 1,866.4 1,166.1 979.6 34.8 2,123.2 1,060.5 1,630.1 2,183.2 2,084.9 1,973.5 987.8 1,490.1 1,593.6 596.8 1,339.0 1,579.5 1,208.8 775.1 903.7 483.8 735.2 445.9 593.3 449.3 531.5 345.6 295.2 256.1 274.8 199.4 54.3 63.2 87.9