Biogen Inc. logo BIIB - Biogen Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 28
HOLD 19
SELL 1
STRONG
SELL
0
| PRICE TARGET: $212.00 DETAILS
HIGH: $260.00
LOW: $143.00
MEDIAN: $222.00
CONSENSUS: $212.00
UPSIDE: 9.41%
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 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 2,477.8 2,279.3 2,454.8 2,645.5 2,431 2,454.7 2,465.8 2,464.9 2,290.5 2,386.3 2,530.3 2,456 2,463 2,544 2,508.5 2,589.1 2,531.8 2,733.8 2,778.9 2,775 2,694 2,852.6 3,376.1 3,681.6 3,534.3 3,671.3 3,600.1 3,616.7 3,489.8 3,526.3 3,439 3,356.5 3,131.1 3,307 3,077.8 3,078.4 2,810.7 2,872 2,955.8 2,894.2 2,726.8 2,839.3 2,777.9 2,591.6 2,554.9 2,640.7 2,511.4 2,421.5 2,129.8 1,965.8 1,827.8 1,722.2 1,415.1 1,417.9 1,385.6 1,421.0 1,292.0 1,326.7 1,043.5 1,208.6 1,203.3 1,219.1 1,175.8 1,212.7 1,108.9 1,127.1 1,120.5 1,093.3 1,036.5 1,068.9 1,093.0 993.4 942.2 893.3 789.2 773.2 715.9 (102.5) 703.5 660.0 611.2 (76.0) 596.2 605.6 587.8 (28.0) 543.3 538.8 541.7 (308.9) 123.6 302.4 269.3 280.5 260.6 237.0 245.3 233.8 230.5 216.8
Cost of Revenue 661 496.3 876.6 946.2 577.9 583.5 638.7 955.8 498.1 618.3 659.6 592.7 662.8 570.9 469.5 484 753.9 660.1 511.8 459.7 478.1 490.6 449.1 411.1 454.3 447.1 430 476.3 602 488.5 460.8 421 446 509.2 370 366.2 384.6 326.1 416.9 370.3 313 331.8 310 286.1 312.4 297.2 302.6 291.9 279.2 258.6 234.7 230.7 133.7 133.8 139.4 139.1 133.2 139.6 123.5 100.5 103.1 100.3 95.9 107.0 97.1 99.7 93.5 90.7 98.2 101.2 107.5 92.4 100.9 87.6 81.6 84.1 82.0 62.1 66.8 78.0 67.5 113.4 89.6 71.1 99.6 83.4 64.5 151.7 254.8 138.6 3.8 42.6 36.2 35.7 35.2 29.1 32.8 33.0 30.8 28.6
Gross Profit 1,816.8 1,783 1,578.2 1,699.3 1,853.1 1,871.2 1,827.1 1,509.1 1,792.4 1,768 1,870.7 1,863.3 1,800.2 1,973.1 2,039 2,105.1 1,777.9 2,073.7 2,267.1 2,315.3 2,215.9 2,362 2,927 3,270.5 3,080 3,224.2 3,170.1 3,140.4 2,887.8 3,037.8 2,978.2 2,935.5 2,685.1 2,797.8 2,707.8 2,712.2 2,426.1 2,545.9 2,538.9 2,523.9 2,413.8 2,507.5 2,467.9 2,305.5 2,242.5 2,343.4 2,208.8 2,129.6 1,850.5 1,707.3 1,593.1 1,491.4 1,281.3 1,284.1 1,246.2 1,281.8 1,158.8 1,187.1 919.9 1,108.1 1,100.2 1,118.8 1,079.9 1,105.7 1,011.8 1,027.4 1,027.0 1,002.6 938.3 967.8 985.5 901.0 841.3 805.7 707.6 689.1 634.0 (164.6) 636.7 582.0 543.7 (189.4) 506.6 534.5 488.2 (111.3) 478.8 387.0 287.0 (447.5) 119.8 259.8 233.1 244.8 225.4 207.9 212.6 200.7 199.7 188.2
Operating Expenses
R&D Expenses 573 509.3 369.6 529.9 545.9 683.5 673 592.3 523.7 647.5 797.2 637.1 620.8 776.6 605.7 596.1 618.6 767.6 813.4 1,207.2 612.3 1,975.3 1,223.5 709.1 622.8 691.7 540.4 484.8 563.7 611.6 535.4 1,056 506.7 587.6 446.4 916.2 423.4 533.9 529 473.1 437.3 541.7 519.9 490.7 460.5 500.1 417.2 447.3 528.9 433.9 410.0 327.5 284.3 388.9 304.2 329.6 356.0 338.9 301.4 285.6 293.6 45.9 524.1 331.7 347.0 283.1 304.1 416.5 279.5 292.8 268.8 252.3 258.2 229.3 286.3 218.1 191.4 530 211.0 162.0 145.9 168.3 227.0 179.8 172.5 189.4 168.3 169.8 158.9 730.7 50.1 91.2 89.3 83.8 79.1 72.8 73.6 94.5 71.7 63.0
SG&A Expenses 607.3 683 594.8 581.3 574.6 678.7 576.9 550.3 578.3 608.1 752.7 536.5 605 638.2 563.3 572.6 634.9 799.2 654.1 637.3 595 813.2 573.1 555.1 570.1 671.5 554.5 569.2 567.7 593.9 497.7 516.2 501.3 554.8 433.8 429.8 498.7 495.5 462.7 492.4 497.3 583 477.8 491.9 560.4 573.6 570.4 576.6 511.7 495.7 405.6 431.0 352.6 376.0 299.6 301.8 300.1 357.4 342.9 354.4 319.3 344.2 308.2 325.0 312.2 304.9 287.5 270.0 264.6 231.0 276.4 279.1 237.2 193.7 190.6 203.7 188.1 192.2 173.4 170.3 154.4 169.1 161.4 155.8 158.5 176.6 132.6 139.4 131.1 (102.4) 26.5 86.4 91.6 68.0 55.2 48.6 46.2 41.7 40.9 41.2
Other Expenses 239.1 647.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34.7 (95.9) 44 31.8 67.2 83.3 268.9 130.5 253.7 389.2 247.5 150.1 142.4 189.2 173.7 165.2 479.3 630.3 121.9 97.9 100.8 214.6 98.4 89.8 103.7 110.0 68.6 116.9 138.6 119.8 93.0 0 0 0 0 144.8 133.4 81.7 (212.8) 57.3 71.0 373.5 53.5 53.1 48.9 56.0 51.3 93.2 89.2 119.1 94.5 72.9 99.8 120.3 101.5 60.9 72.8 (1,078.6) 54.9 371.8 70.4 (620.1) 97.0 152.6 82.0 (535.3) 107.1 79.3 80.9 26.5 0 0 0 0 0 0 0 0 0 0
Operating Expenses 1,419.4 1,840 964.4 1,111.2 1,120.5 1,362.2 1,249.9 1,142.6 1,102 1,255.6 1,549.9 1,173.6 1,225.8 1,414.8 1,169 1,168.7 1,253.5 1,566.8 1,467.5 1,844.5 1,242 2,692.6 1,840.6 1,296 1,260.1 1,446.5 1,363.8 1,184.5 1,385.1 1,594.7 1,280.6 1,722.3 1,150.4 1,331.6 1,053.9 1,511.2 1,401.4 1,659.7 1,113.6 1,063.4 1,035.4 1,339.3 1,096.1 1,072.4 1,124.6 1,183.7 1,056.2 1,140.8 1,179.2 1,049.4 908.6 835.1 781.9 849.1 714.0 776.1 789.4 778.0 431.4 697.3 683.9 763.6 885.7 709.8 708.1 644.0 642.9 779.7 633.3 642.8 639.6 604.2 595.2 543.3 578.4 482.7 452.3 (356.3) 439.4 704.1 370.7 (282.7) 485.5 488.2 412.9 (169.2) 408.0 388.5 370.8 654.9 76.6 177.6 180.9 151.8 134.3 121.3 119.8 136.2 112.6 104.2
Operating Income
Operating Income 397.4 (57) 613.8 588.1 732.6 509 577.2 366.5 690.4 512.4 320.8 689.7 574.4 558.3 870 936.4 524.4 506.9 799.6 470.8 973.9 (330.6) 1,086.4 1,974.5 1,819.9 1,777.7 1,806.3 1,955.9 1,502.7 1,443.1 1,697.6 1,213.2 1,534.7 1,466.2 1,653.9 1,201 1,024.7 886.2 1,425.3 1,460.5 1,378.4 1,168.2 1,371.8 1,233.1 1,117.9 1,159.7 1,152.6 988.7 671.3 657.9 684.5 652.0 507.8 434.1 513.8 505.7 369.4 409.1 488.5 410.8 416.3 355.2 194.1 395.9 303.7 383.4 384.2 222.9 305.0 325.0 345.9 296.8 246.0 262.4 129.2 206.4 181.7 191.7 197.3 (122.0) 173.0 93.3 21.2 46.3 75.3 57.9 70.8 (1.5) (83.9) (1,102.4) 43.1 82.2 52.1 93.0 91.1 86.6 92.7 64.5 87.1 84.0
Interest Expense 67.6 67.5 67.4 72.6 60 60 59.8 61.3 69.2 71.5 63.8 49.1 62.5 54.8 59.9 65.8 66.1 66.3 66.3 56.4 64.7 56 56.3 66 44.3 46 45.8 47.7 47.9 49.4 49 51.7 50.5 62 61.8 63.6 63.4 64.8 66 65.9 63.3 67.4 15.6 5.8 6.7 7.4 7.4 7.1 7.6 6.4 6.6 7.3 11.5 13.4 8.7 7 7.4 7.5 7.9 8.4 92 9.5 9.3 9 8.3 8.2 8.5 9.3 9.9 52.0 8.1 13.9 15.7 18.6 19.6 1.9 0.4 0.3 0.1 0.2 0.3 0 0.6 2.8 6.9 8.7 3.0 3.5 3.8 0 4.9 0 0 0 0 0 0 0 0 0
Interest Income 37.9 37.2 31.6 32.3 23.9 18.5 11.6 20.1 17.4 23.8 95.9 75.9 80.9 49.9 23.9 12.6 2.9 2.8 2.6 2.7 2.9 4 6 7.6 24.4 29.2 30.5 29.1 31.2 31.1 26 28.7 26.7 24.3 20.6 16.9 16.7 20.4 16.4 15.4 11.2 9.1 5.4 4.3 3.3 3.5 3.6 2.4 2.7 1.5 1.5 0.9 4.3 6.9 5.9 10.2 6.5 5.9 5.3 4.3 3.7 3.7 3.1 6.7 8.9 10.7 10.9 12.1 14.8 72.0 16.8 15.3 22.9 23.5 18.8 32.1 29.1 25.5 26.0 26.1 23.6 18.1 16.5 12.4 15.7 14.2 13.8 14.9 14.3 0 8.1 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 553.6 298.7 826.9 1,109.9 865.1 691.7 714.4 968.4 779.9 601.2 395.5 750.7 629.6 764.9 945.4 1,041.8 784.8 713.1 955 621.2 1,087 (186.5) 1,172.1 2,097.4 2,010.2 1,854.4 2,060.6 2,077.6 1,751.2 1,852.1 1,989.7 1,463.2 1,709.6 1,694.8 1,860.9 1,524.8 1,546.7 1,545.3 1,623 1,646.5 1,540.1 1,442.5 1,523.7 1,375.5 1,273.6 1,320.1 1,274.2 1,153.0 857.7 838.4 825.0 780.5 605.2 519.5 608.0 606.3 475.9 501.3 576.0 497.8 610.8 454.0 286.7 493.3 386.1 491.1 487.9 373.6 443.9 464.1 457.8 412.2 371.7 415.9 270.9 332.4 292.6 268.6 309.5 (23.7) 315.2 202.0 142.7 154.0 169.4 177.1 201.9 110.0 33.5 (1,088.4) 54.3 79.5 83.1 101.8 100.1 95.3 109.7 70.0 95.2 92.3
EBIT 417.1 (57) 624.7 915.6 681.9 507.7 531.6 809.5 632.4 461.1 270.5 633.3 517.3 645.1 824.7 907 641.7 578.4 821.8 504 984.4 (296.2) 1,057.4 1,984.5 1,890.3 1,741.4 1,947 1,960.6 1,630.1 1,699.2 1,832.5 1,291.7 1,540.7 1,517 1,683.5 1,342.2 1,034.7 1,413.4 1,442.8 1,471.1 1,390.4 1,286.2 1,372.1 1,230.9 1,125.7 1,162.5 1,115.0 988.8 701.4 680.0 677.5 652.0 507.8 434.1 513.8 515.7 391.9 412.6 488.7 407.5 518.2 360.0 196.5 405.9 303.6 397.9 402.0 246.9 321.7 342.1 330.2 306.7 264.8 313.7 174.1 239.9 203.8 181.4 219.7 (100.0) 191.9 104.5 32.9 55.2 73.3 70.7 72.2 8.4 (68.3) (1,104.8) 51.3 65.8 52.1 93.0 91.1 86.6 92.7 64.5 87.1 84.0
Income Before Tax 377.7 (211) 557.3 744 311.2 291.5 451 698.7 464.8 291.6 (141.2) 708.1 438.3 603.8 1,371.1 1,275.4 344.1 422.7 292.2 616.4 448.8 370.9 944.7 2,052.6 1,684.6 1,715.8 1,757.2 1,742.2 1,831.3 1,414.5 1,812.7 1,178.7 1,493.7 1,399.8 1,609.9 1,132.4 986.7 838.2 1,367.2 1,402 1,325.6 1,085.8 1,349.6 1,217.3 1,102 1,150.8 1,130.9 991.7 658.1 647.6 673.7 649.8 492.3 428.5 529.4 508.7 384.5 405.1 480.8 399.1 426.2 350.5 187.2 396.9 295.3 389.7 393.5 237.6 311.8 290.1 322.1 292.8 249.1 295.1 174.1 238.0 203.4 181.1 219.6 (100.2) 191.7 105.1 32.4 52.4 66.3 62.0 69.3 4.9 (72.1) (1,125.9) 46.4 57.5 60.2 84.1 102.6 103.0 102.5 97.7 103.8 183.1
Income Tax Expense 58.2 (162.6) 90.8 109.2 70.7 24.8 62.5 115.1 71.4 42.7 (72.9) 114.8 50.7 54.3 236.2 216.7 125.6 443.2 (25.9) (409.1) 44.2 13.3 240.8 446.1 292 276.1 211.3 248.1 422.5 469.6 369.8 263.7 322.5 1,566.1 383.8 269.6 239.2 190.3 337 353.6 356.4 257.1 330.1 292.5 281.9 268.2 274.8 268.5 178.4 190.3 186.1 159.1 65.5 136.3 131.0 121.0 82.1 104.9 127.1 95.0 117.5 78.8 75.0 102.2 75.3 83.7 113.9 92.7 65.2 83.5 114.3 84.7 83.3 93.9 54.7 51.9 71.9 72.5 63.0 70.4 72.5 49.6 5.2 17.8 22.9 33.3 32.5 4.1 (30.9) (74.2) 17.6 16.1 16.9 25.2 30.8 30.9 30.8 29.3 31.8 61.7
Net Income 319.5 (48.4) 466.5 634.8 240.5 266.7 388.5 583.6 393.4 249.7 (68.1) 591.6 387.9 550.4 1,134.7 1,058 303.8 368.2 329.2 448.5 410.2 357.9 701.5 1,542.1 1,399.1 1,439.7 1,545.9 1,494.1 1,408.8 946.8 1,444.4 866.6 1,172.9 (297.4) 1,226.1 862.8 747.6 649.2 1,032.9 1,049.8 970.9 831.6 965.6 927.3 822.5 883.5 856.9 714.5 480.0 457.3 487.6 490.7 426.7 292.1 398.4 386.8 302.7 300.2 351.8 288.0 293.8 240.3 254.1 293.4 217 305.6 277.7 142.8 244.0 206.7 206.8 206.3 163.4 201.2 119.6 185.9 131.7 108.6 156.8 (170.6) 122.8 55.6 27.1 34.5 43.4 28.7 36.7 0.8 (41.2) (1,051.7) 28.8 41.4 43.4 58.9 71.9 72.1 71.8 68.4 72.1 121.4
Per Share Data
EPS (Basic) 2.17 -0.33 3.18 4.35 1.65 1.83 2.67 4.01 2.71 1.72 -0.47 4.09 2.69 3.82 7.86 7.25 2.06 2.51 2.22 3.00 2.70 2.33 4.47 9.60 8.10 8.10 8.40 7.85 7.17 4.74 7.17 4.18 5.55 -1.41 5.80 4.07 3.47 3.00 4.72 4.79 4.44 3.77 4.16 3.94 3.50 3.75 3.63 3.02 2.03 1.94 2.06 2.07 1.80 1.23 1.68 1.62 1.26 1.24 1.45 1.19 1.22 0.99 1.06 1.13 0.80 1.13 0.96 0.49 0.85 0.72 0.71 0.71 0.55 0.68 0.41 0.55 0.39 0.32 0.46 -0.50 0.36 0.16 0.08 0.10 0.13 0.09 0.11 0.00 -0.12 -3.15 0.15 0.11 0.11 0.15 0.18 0.18 0.16 0.15 0.16 0.27
EPS (Diluted) 2.15 -0.33 3.17 4.35 1.64 1.83 2.66 4.00 2.70 1.71 -0.47 4.07 2.67 3.79 7.84 7.24 2.06 2.50 2.22 2.99 2.69 2.32 4.46 9.59 8.08 8.08 8.39 7.85 7.15 4.73 7.15 4.18 5.54 -1.41 5.79 4.07 3.46 2.99 4.71 4.79 4.43 3.77 4.15 3.93 3.49 3.74 3.62 3.01 2.02 1.92 2.05 2.06 1.79 1.23 1.67 1.61 1.25 1.22 1.43 1.18 1.20 0.98 1.05 1.12 0.80 1.12 0.95 0.49 0.84 0.71 0.70 0.70 0.54 0.67 0.41 0.54 0.38 0.32 0.45 -0.50 0.36 0.16 0.08 0.10 0.12 0.08 0.10 0.00 -0.12 -3.15 0.15 0.10 0.11 0.15 0.18 0.18 0.16 0.15 0.16 0.26
Shares Outstanding 147.2 146.7 146.6 145.9 145.9 145.7 145.7 145.6 145.2 144.9 144.8 144.7 144.4 144.1 144.4 145.9 147.1 146.9 148 149.7 151.9 153.7 156.9 160.6 172.8 177.8 184 190.3 196.6 199.8 201.4 207.1 211.4 211.5 211.4 211.9 215.6 216.6 218.9 219.1 218.9 220.4 232.2 235.3 235.0 235.5 236.2 236.7 236.8 236.3 237.1 237.5 236.8 236.6 236.5 239.0 239.8 243.0 242.9 242.4 241.5 241.5 239.9 259.9 269.9 269.9 288.9 288.6 287.7 287.7 291.4 290.4 296.2 296.2 289.0 340.3 340.3 340.3 338.0 342.4 339.7 339.7 336.5 332.6 335.3 335.3 334.8 337.0 333.7 333.7 390.0 390.0 390.0 390.0 390.0 390.0 445.2 444.2 445.9 451.1
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 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 3,382.7 3,008.5 3,862.8 2,758.8 2,598.3 2,375 1,699.2 1,908.9 1,074.4 1,049.9 2,287.9 2,617.8 2,898.2 3,419.3 3,675.6 2,646.6 1,749.3 2,261.4 1,541.8 1,742 1,217.5 1,331.2 2,224.8 2,384.9 2,591.3 2,913.7 2,343.9 1,723.4 2,243.2 1,224.6 2,386.7 1,250.2 4,108 1,573.8 1,548.1 1,169.5 924 2,326.5 2,084.8 1,362 1,130.7 721.0 639.6 581.9 786.8 764.1 437.3 483.3 302.8 314.9 62.2 36.3 45.1 50.5 59.6 76.0 28.5 48.7 35.8 67.5 102.0 56.9 73.5 52.7 91.4 25.4 94.2 71.8 65.6 70.4 62.6 73.3 101.5 62.0 62.6 50.1 32.5 45.8 52.5 46.7 68.4 54.7 65.5 39.1 52.7 74.5 74.9 77.2 47.4
Short-Term Investments 900 807.2 97.6 0 0 0 0 0 0 0 0 3,460.5 2,143.1 1,473.5 1,235.5 2,151.3 2,002.4 1,541.1 1,413.3 1,308.8 1,320 1,278.9 1,355 1,942.7 1,269.1 1,562.2 2,093.5 1,228.8 1,665.8 2,313.4 2,041.7 1,974 1,808 2,115.2 1,960.2 1,723.5 1,956.2 2,568.6 2,231.2 2,434.8 2,454.7 248.7 513.1 681.8 836.3 637.2 234.0 258.1 458.8 521.1 795.7 776.1 822.0 777.9 730.1 684.0 719.6 633.7 623.2 584.7 566.8 597.6 599.1 0 0 491.5 0 0 0 369.7 0 0 0 259.3 0 0 0 262.2 0 0 0 213.1 0 0 0 0 0 0 0
Net Receivables 1,790.4 1,867 1,850 2,084 1,996.5 1,868.8 1,988.1 2,078.2 1,999.7 2,100 2,209.7 2,124 2,028.2 2,136.4 1,984.2 2,003.5 2,021.4 1,961.7 2,123 2,110.2 2,224.1 2,327.3 2,552.1 2,574.7 2,604.2 2,470.7 2,515.8 2,517.1 2,616 2,485.4 2,525.7 2,432.9 2,492.7 2,319.6 2,085.5 2,133.1 1,826 1,742.2 1,773 1,627.1 1,710.2 799.0 766.0 760.9 709.5 661.9 378.8 209.3 201.4 198.5 197.2 178.0 4.9 158.2 159.0 166.5 146.8 143.2 145.7 154.3 135.5 137.4 129.9 120.4 107.7 101.3 90.2 85.6 74 86.8 59.3 59.8 43.8 43.0 65.9 27.5 15.8 19.6 18.4 16.9 12.5 18.5 9.9 16.6 8.2 31.7 33.1 33.5 27.4
Inventory 1,949 2,168.1 2,209.4 2,274.3 2,273.9 2,460.5 2,469.2 2,506.1 2,516.8 2,527.4 2,982.4 1,333.5 1,281 1,344.4 1,375 1,294.2 1,215.4 1,351.5 1,347.9 1,254.8 1,171.8 1,068.6 1,027.7 952.7 858.8 804.2 751.8 776.7 770.2 929.9 916.6 931.7 890.8 902.7 1,007.2 936.5 921.6 1,001.6 1,009.7 996.4 964.6 267.9 280.0 293.9 268.5 268.1 222.9 232.8 311.4 496.3 83.5 93.7 33.7 23.7 0.2 44.0 48.5 40.0 0 59.7 0 50.6 0 0 0 26.6 0 0 0 37.2 0 0 0 47.9 16.8 16.6 11.9 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 1,168.3 1,123.3 916.8 850.6 757.3 752.5 674 615.3 1,165.3 1,182 974.1 895.9 1,412 1,417.6 1,495.5 1,645.3 927.4 740.8 736.3 767.9 786.1 881.1 683.5 638.8 683.8 631 743.2 1,663.8 1,647.4 687.6 416.5 335 308.4 304.4 252.6 264.7 296.3 276.3 267.8 323.3 327.9 218.6 210.3 109.4 143.2 149.4 347.5 324.2 293.9 307.8 77.8 96.4 151.3 160.3 69.3 56.7 110.0 62.6 124.5 75.6 150.3 67.8 77 643.5 599.6 49.4 487 454.9 459.1 32.0 403.9 365.3 334.1 23.5 269.3 233.9 267.1 12.7 245.8 238.5 227.9 8.5 234.4 259 250.9 203.2 195.2 186.3 204
Total Current Assets 9,190.4 8,974.1 8,936.6 7,967.7 7,626 7,456.8 6,830.5 7,108.5 6,756.2 6,859.3 8,454.1 10,431.7 9,762.5 9,791.2 9,765.8 9,740.9 7,915.9 7,856.5 7,162.3 7,183.7 6,719.5 6,887.1 7,843.1 8,493.8 8,007.2 8,381.8 8,448.2 7,909.8 8,942.6 7,640.9 8,719 7,432.1 10,195.4 7,873.3 7,568 7,108.7 6,859.7 8,732.2 8,091.8 7,447.7 7,201.3 2,255.2 2,409.0 2,480.6 2,744.3 2,480.7 1,620.5 1,507.6 1,568.2 1,838.7 1,216.4 1,180.5 1,216.0 1,146.9 1,059.5 1,027.1 692.6 928.3 929.2 941.8 954.7 910.2 879.5 816.6 798.7 694.1 671.4 612.3 598.7 596.1 525.8 498.4 479.4 435.8 414.6 328.1 327.3 340.3 316.7 302.1 308.8 294.8 309.8 314.7 311.8 309.4 303.2 297 278.8
Non-Current Assets
Property, Plant & Equipment 3,269.2 3,320.8 3,406.2 3,433.3 3,478.8 3,537.7 3,591.3 3,638.7 3,703.4 3,729.7 3,762.5 3,673.7 3,700 3,702.5 3,690.9 3,676.2 3,731.8 3,791.8 3,799.8 3,844.7 3,852.8 3,844.8 3,794.1 3,766.9 3,703.6 3,674.3 3,560.1 3,511.9 3,461.6 3,601.2 3,538.9 3,409 3,334.7 3,182.4 2,995.9 2,827.6 2,610.9 2,501.8 2,387 2,301.8 2,258.9 1,571.5 1,604.6 1,637.1 1,608.7 1,562.2 1,392.6 1,354.0 1,297.9 1,252.8 764.6 749.2 738.1 690.8 505.3 474.1 428.6 400.4 350.7 302.8 263.8 239.8 208.4 196.5 189.3 182.6 178.7 177.8 173.8 174.5 171.5 167.3 166.3 165.3 157.2 146.5 131.2 115.0 100.4 92.4 81.5 73.2 59.9 50.7 43.8 38.5 35.6 34.3 32.8
Goodwill 6,488.7 6,491.1 6,490.7 6,493.1 6,477.1 6,478.9 6,485.8 6,227.4 6,227.4 6,219.2 6,807.5 5,753.7 5,751.8 5,749 5,741.2 5,749.6 5,758 5,761.1 5,760.5 5,763.9 5,763.1 5,762.1 5,755.7 5,751 5,752 5,757.8 5,746.1 5,749.2 5,639.7 5,706.4 5,440.1 5,170.3 4,907.8 4,632.5 4,127.5 3,870.4 3,611.7 3,669.3 3,419.7 3,167.1 2,917.9 1,138.6 1,138.6 1,138.6 1,138.6 1,138.6 1,136.9 1,151.1 1,151.1 1,151.1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 9,053.5 9,178.5 9,331.9 9,467.5 9,584.6 9,691.2 9,805.5 8,232.9 8,284.7 8,363 7,344.6 1,776.4 1,813.3 1,850.1 2,008.9 2,075.3 2,150.8 2,221.3 2,286.8 2,385 2,988.1 3,084.3 3,323.6 3,383.8 3,446.9 3,527.4 3,392.4 3,681.3 3,056.2 3,120 3,379 3,661.3 3,794.5 3,879.6 4,019.4 4,051.3 4,103.9 3,808.3 3,869.9 3,967.6 4,012.2 1,768.9 1,822.1 1,871.1 1,978.5 2,071.8 2,562.6 3,478 3,557.6 3,638.8 16.8 16.4 16.0 15.6 15.7 15.1 13.9 13.5 13.4 13.6 13.9 13.9 14.2 14 16.2 15.9 16.1 16.1 15.6 14.9 14.8 12.6 12.3 10.5 0 8.3 7.4 8.0 8 8 8.2 8.1 7.6 7.3 7.2 7.2 6.9 7 6.6
Long-Term Investments 465.6 750.6 729.7 224 186 226.7 353.3 354.1 382 460.7 0.1 1,208 978.2 705.7 860.3 1,102.9 1,001.6 892 968.3 915.1 821.9 772.1 1,009.8 922.8 969.5 1,408.1 1,813.9 1,309.3 1,372.7 1,375.9 1,244.5 1,160.2 1,200.2 3,057.3 3,062 2,632.7 2,825.2 2,829.4 3,096.9 3,477.6 3,189.8 767.8 1,243.0 1,424.5 1,307.1 1,321.9 1,103.9 1,736.6 1,936.9 120.3 0 0 700.6 0 31.7 57.2 39.4 72.0 86.8 46.4 44.2 98.0 0 0 0 12.7 0 0 0 17.1 0 0 0 16.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 777.5 431.9 0 413.7 373.1 333.8 278.1 327.4 315.6 284.3 754.6 1,104.9 1,380.8 1,529.2 1,612.6 1,500.8 1,767.5 1,939.5 2,018.6 2,528.1 2,423 2,899 1,834.9 1,483.3 1,130.6 1,252.8 1,238.8 1,306 1,898.3 1,690.6 1,009.8 902.1 380.1 431.6 1,300.4 1,268.3 1,184.5 1,335.8 1,239.6 1,153 1,094.6 0 0 0 0 0 0 0 0 1,502.3 40.6 29.9 22.5 31.7 32.3 20.3 18.8 17.7 22.9 16.6 13.0 16.1 37.9 28.3 25.8 19.5 22.4 27.4 35.7 11.2 35.2 26.6 26.2 7.0 15.6 6.8 6.1 5.9 5.6 1.9 1.8 1.8 2 2.1 2.2 1.9 1.9 2.2 1.7
Total Non-Current Assets 20,292.7 20,465.4 20,270.9 20,362.5 20,407.1 20,592.5 21,482.7 19,695.6 19,811.4 19,985.5 19,739.1 14,725.1 14,835.9 14,762.9 15,088.4 15,340.5 15,698.5 16,020.8 16,644.4 17,286.7 17,135.2 17,731.8 17,091 17,018 18,112 18,852.5 19,035.8 18,377.8 17,502.9 17,648 16,773.2 16,520.8 15,894.7 15,779.3 15,505.2 14,650.3 14,336.2 14,144.6 14,013.1 14,067.1 13,473.4 5,246.9 5,808.3 6,071.3 6,032.9 6,094.6 6,195.9 7,719.7 7,943.4 7,665.3 822.0 795.4 791.0 738.1 585.0 566.8 500.7 503.6 473.8 379.4 334.9 367.7 260.5 238.8 231.3 230.6 217.2 221.3 225.1 217.8 221.5 206.5 204.8 198.8 172.8 161.6 144.7 128.9 114 102.3 91.5 83.1 69.5 60.1 53.2 47.6 44.4 43.5 41.1
Total Assets 29,483.1 29,439.5 29,207.5 28,330.2 28,033.1 28,049.3 28,313.2 26,804.1 26,567.6 26,844.8 28,193.2 25,156.8 24,598.4 24,554.1 24,854.2 25,081.4 23,614.4 23,877.3 23,806.7 24,470.4 23,854.7 24,618.9 24,934.1 25,511.8 26,119.2 27,234.3 27,484 26,287.6 26,445.5 25,288.9 25,492.2 23,952.9 26,090.1 23,652.6 23,073.2 21,759 21,195.9 22,876.8 22,104.9 21,514.8 20,674.7 7,502.1 8,217.3 8,551.9 8,777.2 8,575.2 7,816.4 9,227.3 9,511.6 9,503.9 2,038.3 1,975.9 2,007.0 1,885.0 1,644.6 1,593.9 1,505.6 1,431.9 1,403.1 1,321.3 1,289.6 1,278.0 1,140 1,055.4 1,030 924.7 888.6 833.6 823.8 813.8 747.3 704.9 684.2 634.6 587.4 489.7 472 469.2 430.7 404.4 400.3 377.9 379.3 374.8 365 357 347.6 340.5 319.9
Current Liabilities
Account Payables 358.5 432 413.1 408.4 391.5 424.2 422.7 354.5 387 403.3 440.1 445.4 491.2 491.5 383.2 434.8 398.7 589.2 427.9 375.3 430.4 454.9 398.4 383.9 389 459.4 382.2 377.1 378 370.5 342.3 295.7 345.8 395.5 298.7 330.3 316.4 279.8 274 225.9 271.3 144.5 121.4 118.5 210.9 104.3 92.3 85.8 78.4 63.4 31.9 42.3 3.9 43.4 46.5 49.2 41.7 37.9 20.4 23.5 24.2 30.1 20 23.6 17.4 24.9 17.5 17.8 16.4 15.8 19.9 11.5 19.4 15.7 9.9 15.4 9.1 12.5 8.5 8.2 5.3 10.0 5 4.5 4.1 2.9 2.8 3.8 2.9
Short-Term Debt 0 80.4 0 0 1,749.1 1,748.6 1,748.1 0 250 150 500 0 0 0 0 999.8 999.5 999.1 998.8 0 0 0 0 0 1,501.8 1,495.8 1,495.3 0 0 0 0 0 3.3 3.2 573.2 559.9 561.5 4.7 4.9 4.8 4.9 10.1 19.1 19.8 14.7 26.5 1,510.1 0 0 0 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 23.7 19.5 28.2 29.7 4.9 4.9 4.8 4.0 1.7 1.7 1.7 1.7 1.7 1.7 0.8 0 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 0 0 0 38.7 0 0 0 6.5 6.0 7.2 0 0 0.7 0 0 0 0 0 0 0 0 0 0 0 0 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 192.5 2,722.2 2,773.6 384.6 192.3 375.8 926.1 917.8 878.9 335.1 276.7 253.3 187.2 1,142.5 313.5 281.5 206.6 345.1 326.9 314.9 296 515.3 279 212 190.3 315.8 259.5 288 258 320.9 274.1 209.8 186.7 297.7 241.9 186.6 160.5 282.9 282.7 228.4 180.4 0 0 127.1 0 0 0 0 0 136.9 0 0 (4.9) 0 0 0 0 0 0 0 0 0 103.4 90.5 88.2 0 90.4 68.3 70.8 0 71.1 65.3 58.2 0 54.7 47.3 39.9 0 32.7 28.8 33.4 0 53.5 28.3 25.4 28.9 27.6 32.2 19.6
Total Current Liabilities 2,998.9 3,349.4 3,290 3,183.7 5,297.4 5,528.8 5,425 3,108.2 3,222.8 3,434.3 5,022.3 3,186.5 3,014.9 3,272.8 3,926.4 5,018 3,946.6 4,298.2 4,211.6 3,347.2 3,165.8 3,742.2 3,804 3,447.1 4,638.6 4,863.8 4,432.2 3,210.9 3,148.7 3,295.2 3,174.9 3,152.4 3,152.1 3,368.2 3,448.4 3,379.7 2,992.5 3,419.9 2,499.7 2,516.2 2,776.6 755.7 682.3 714.9 803.9 807.8 1,988.7 396.6 362.8 404.8 240.5 271.0 326.3 274 254.9 235.0 226.2 221.0 235.8 212.2 162.7 190.3 128.3 119 110.5 130.7 131.6 105.6 115.4 123.9 95.9 81.7 82.4 87.9 66.3 64.4 50.7 53.4 42.9 38.7 39.5 47.9 58.5 32.8 29.5 31.8 30.4 36 22.5
Non-Current Liabilities
Long-Term Debt 6,288.5 6,577.2 6,285.1 6,283.7 4,548.7 4,547.2 4,545.8 6,292 6,290.1 6,788.2 6,786.4 6,284.6 6,282.7 6,281 6,279.2 6,277.4 6,275.7 6,274 6,272.3 7,269.2 7,267.2 7,426.2 7,425 7,423.8 4,459.9 4,459 4,458.2 5,948.5 5,943.2 5,936.5 5,931.1 5,928.4 5,929.4 5,935 5,938.3 5,954 5,952.7 6,512.7 6,529.6 6,538.3 6,535.6 1,069.7 1,076.2 1,080.2 1,085.6 1,082.9 50.1 866.2 861.3 887.3 35.0 52.5 37.4 67.9 97.2 98.2 99.0 104.4 48.8 49.6 51.3 108.2 53.7 54.5 56.2 75.4 58.6 59.4 61 61.8 63.5 64.3 66 62.3 60 51 39.9 32.8 29.1 23.3 24.2 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 483.5 507.6 358.1 118.3 133.2 190.5 882.4 590.6 658.1 641.8 728.1 143.9 251.3 334.7 328.9 480.6 571.2 694.5 774.7 918.9 966.7 1,032.8 1,123.4 1,461.5 2,722.8 2,810.8 2,820.4 2,400.6 1,741.7 1,636.2 1,114.6 1,160.8 1,331.1 122.6 120.7 100.8 94.5 93.1 98.7 105.6 117.8 207.5 248.9 240.6 311.0 345.8 558.7 978.1 1,038.1 1,108.3 33.7 33.7 33.7 0 7.6 0 0 0 0 0 0 0 0 0 0 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 787.1 458.1 761.8 799.6 751.7 732.3 744.1 556.7 777.1 781.1 747.9 776.9 935.5 944.2 1,198.1 1,167.8 1,287.9 1,320.5 1,318.2 1,356.4 1,411.8 1,329.6 1,428.1 1,475.4 1,357.3 1,348.9 1,370.9 1,355.8 1,353.8 1,389.4 1,511.8 1,457.6 1,640 1,628.7 716.9 750.9 688.8 722.5 862.1 951 916.6 258.0 259.3 254.2 331.0 318.5 226.1 52.2 51.9 50.2 19.1 29.0 14.1 7.9 0 0 0 0 57.2 56.3 57.9 0 (53.7) (54.5) (56.2) 0 (53.6) (54.4) (56) 91.8 (56.5) (57.3) (59) 0 (52) (44) (39.9) 0 (29.1) (23.3) (24.2) 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 7,832.5 7,833.3 7,710 7,512.5 5,757 5,804.5 6,529.3 7,806.8 8,131.8 8,611.1 8,691.2 7,509.8 7,796.5 7,892.9 8,161 8,200 8,447.1 8,619.4 8,713.4 9,908.4 10,025.7 10,190.6 10,385.6 10,775.5 8,943.7 9,031.4 9,060 10,127.9 9,474.8 8,962.1 8,557.5 8,546.8 8,900.5 7,686.3 6,775.9 6,805.7 6,736 7,328.3 7,490.4 7,594.9 7,570 1,535.2 1,584.4 1,575.0 1,727.6 1,747.2 834.9 1,896.5 1,951.3 2,045.8 87.7 86.2 85.2 67.9 97.2 98.2 99.0 104.4 106.0 105.9 109.1 108.2 125 123 122 75.4 5 5 5 153.6 7 7 7 62.3 8 7 39.9 32.8 29.1 23.3 24.2 0 0 0 0 0 0 0 0
Total Liabilities 10,831.4 11,182.7 11,000 10,696.2 11,054.4 11,333.3 11,954.3 10,915 11,354.6 12,045.4 13,713.5 10,696.3 10,811.4 11,165.7 12,087.4 13,218 12,393.7 12,917.6 12,925 13,255.6 13,191.5 13,932.8 14,189.6 14,222.6 13,582.3 13,895.2 13,492.2 13,338.8 12,623.5 12,257.3 11,732.4 11,699.2 12,052.6 11,054.5 10,224.3 10,185.4 9,728.5 10,748.2 9,990.1 10,111.1 10,346.6 2,290.9 2,266.7 2,290.0 2,531.5 2,555.0 2,823.7 2,293.2 2,314.1 2,450.6 328.2 357.2 411.6 341.9 352.1 333.2 325.2 325.5 341.9 318.1 271.8 298.4 197.5 188.5 181.4 206.1 219.8 214.1 248.7 277.5 159.4 146 148.4 150.2 126.3 115.5 90.7 86.2 72 62 63.7 47.9 58.6 32.8 29.5 31.8 30.4 36 22.5
Stockholders' Equity
Common Stock 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 0.1 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 0.1 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 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 0 0 0.7 0 0 0 0.7 0 0 0 0.7 0 0 0 0.4 0 0 0 0.3 0 0 0 0 0 0 0
Retained Earnings 20,872.2 20,552.7 20,601.6 20,135.1 19,500.3 19,259.8 18,993.1 18,604.6 18,021 17,627.6 17,377.9 17,446 16,854.4 16,466.5 15,916.1 14,959.9 14,215.5 13,911.7 13,543.5 13,900.7 13,833.5 13,976.3 13,961 14,466.7 15,673.1 16,455.4 17,065.2 16,182.8 17,026.7 16,257 16,944.1 15,499.5 17,334.6 15,810.4 16,107.7 14,881.7 14,781.2 15,071.6 15,030 14,229.1 13,179.3 1,405.3 1,131.5 1,068.9 516.6 388.0 (553.1) (725.5) (653.1) (611.9) 913.3 892.5 838.8 812.1 668.0 610.9 571.2 543.9 472.3 435.5 382.3 352.0 304.8 285 257.4 213.5 185.4 127.9 73.1 25.3 70.3 49.8 29.8 12.8 4.6 (40.5) (31.4) (27.7) (28.7) (29.8) (30.5) (33.4) (43) (16.6) (17.2) (28.5) (32.7) (44) (49.6)
Accumulated Other Comprehensive Income (140.2) (182) (214.8) (238.1) (174.5) (136.2) (145.7) (146) (160.5) (153.7) (159.3) (172.8) (172) (164.9) (163.6) (110.4) (115.2) (106.7) (136.6) (171.8) (174.3) (299) (225.5) (181) (149.3) (135.2) (92.3) (252.9) (219.8) (240.4) (248.3) (261.6) (303.9) (318.4) (329.4) (338.8) (325.2) (319.9) (300.9) (282.8) (259.3) (28,422) 22.9 50.5 11.3 (32,346) 48.1 (16.1) 9.3 0 3.0 3.7 3.8 3.4 1.9 0.8 0.9 22.4 34.4 29.6 24.5 45.6 (104.4) (98.6) (92.4) (13.2) (81.3) (76.3) (71.3) (2.3) (61.5) (57.7) (56.3) (0.8) (49.3) (46) (43) 1.2 (37.5) 0 0 (5.8) (29.7) (28.2) (26.9) (25.6) (24.4) (23.2) (22)
Total Stockholders' Equity 18,651.7 18,256.8 18,207.5 17,634 16,978.7 16,716 16,358.9 15,889.1 15,213 14,799.4 14,483.8 14,466.9 13,796.6 13,397.9 12,775.5 11,872.5 11,242.3 10,896.2 10,429.9 10,751.9 10,682.2 10,700.3 10,758.5 11,308.7 12,546.9 13,343.2 13,995.9 12,952.9 13,829.9 13,039.6 13,766.6 12,260.9 14,053.7 12,612.8 12,860.5 11,585.2 11,479 12,140.1 12,117.5 11,403.8 10,326.8 5,170,806 5,909.4 6,221.5 6,212.5 5,987.7 4,992.7 6,934.2 7,197.5 7,053.3 1,710.1 1,160.4 1,595.4 1,543.1 835.9 1,260.7 1,180.4 1,106.4 1,061.2 1,003.2 1,017.8 979.5 942.5 866.9 848.6 718.6 668.8 619.5 575.1 536.3 587.9 558.9 535.8 484.4 461.1 374.2 381.3 383.0 358.7 342.4 336.6 329.9 320.7 342 335.5 325.2 317.3 304.5 297.4
Total Liabilities & Equity 29,483.1 29,439.5 29,207.5 28,330.2 28,033.1 28,049.3 28,313.2 26,804.1 26,567.6 26,844.8 28,193.2 25,156.8 24,598.4 24,554.1 24,854.2 25,081.4 23,614.4 23,877.3 23,806.7 24,470.4 23,854.7 24,618.9 24,934.1 25,511.8 26,119.2 27,234.3 27,484 26,287.6 26,445.5 25,288.9 25,492.2 23,952.9 26,090.1 23,652.6 23,073.2 21,759 21,195.9 22,876.8 22,104.9 21,514.8 20,674.7 7,502.1 8,217.3 8,551.9 8,777.2 8,575.2 7,816.4 9,227.3 9,511.6 9,503.9 2,038.3 1,975.9 2,007.0 1,885.0 1,644.6 1,593.9 1,505.6 1,431.9 1,403.1 1,321.3 1,289.6 1,278.0 1,140 1,055.4 1,030 924.7 888.6 833.6 823.8 813.8 747.3 704.9 684.2 634.6 587.4 489.7 472 469.2 430.7 404.4 400.3 377.9 379.3 374.8 365 357 347.6 340.5 319.9
Debt Metrics
Total Debt 6,561.9 6,948 6,590.1 6,594.6 6,621.2 6,630.3 6,650.9 6,659.5 6,946.6 7,338.2 7,715.2 6,589 6,609.7 6,614 6,634 7,551.4 7,587.5 7,603.5 7,619.3 7,633.1 7,647.2 7,828.2 7,834.1 7,838.6 6,365.4 6,367.5 6,364 6,371.5 6,379.3 5,936.5 5,931.1 5,928.4 5,932.7 5,938.2 6,511.5 6,513.9 6,514.2 6,517.4 6,534.5 6,543.1 6,540.5 1,079.8 1,095.3 1,100.0 1,100.3 1,109.4 1,560.2 866.2 861.3 887.3 39.9 57.4 42.3 72.7 102.1 103.1 103.9 109.3 53.7 54.5 56.2 113.1 58.6 59.4 61.1 80.3 82.3 78.9 89.2 91.6 68.4 69.2 70.8 66.3 61.7 52.7 41.6 34.5 30.8 25 25 0 0 0 0 0 0 0 0
Net Debt 3,179.2 3,939.5 2,727.3 3,835.8 4,022.9 4,255.3 4,951.7 4,750.6 5,872.2 6,288.3 5,427.3 3,971.2 3,711.5 3,194.7 2,958.4 4,904.8 5,838.2 5,342.1 6,077.5 5,891.1 6,429.7 6,497 5,609.3 5,453.7 3,774.1 3,453.8 4,020.1 4,648.1 4,136.1 4,711.9 3,544.4 4,678.2 1,824.7 4,364.4 4,963.4 5,344.4 5,590.2 4,190.9 4,449.7 5,181.1 5,409.8 358.9 455.8 518.1 313.5 345.3 1,122.9 382.9 558.5 572.4 (22.3) 21.2 (2.8) 22.2 42.4 27.1 75.5 60.6 17.9 (12.9) (45.9) 56.1 (14.9) 6.7 (30.3) 54.9 (11.9) 7.1 23.6 21.2 5.8 (4.1) (30.7) 4.2 (0.9) 2.6 9.1 (11.3) (21.7) (21.7) (43.4) (54.7) (65.5) (39.1) (52.7) (74.5) (74.9) (77.2) (47.4)
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 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income 319.5 (48.9) 466.5 634.8 240.5 266.7 388.5 583.6 393.4 248.9 (68.3) 593.3 387.6 549.5 1,134.9 1,058.7 218.5 (20.5) 318 1,025.5 404.6 357.6 703.9 1,606.4 1,392.6 1,439.7 1,545.9 1,494.1 1,408.8 944.9 1,442.9 915 1,171.2 (166.3) 1,226.1 862.8 747.5 647.9 1,030.2 1,048.4 969.2 27.2 34.5 43.5 0.8 (41.2) (1,051.7) 45.5 57.9 63.5 41.4 42.2 43.4 72.1 58.9 69.8 71.9 71.8 68.4 72.1 121.4 69.3 62 43.4 45.7 41.9 37.6 31.4 27.8 31.8 20.4 20 17 8.2 45.1 (9.1) (3.7) 1.0 1.2 0.7 2.8 9.7 (26.4) 0.6 11.2 4.2 11.3 5.6 11.3
Depreciation & Amortization 204.4 200.2 202.2 194.3 183.2 184 182.8 158.9 147.5 140.1 125 117.4 112.3 119.8 120.7 134.8 143.1 134.7 133.2 72.9 146.9 90.4 114.8 112.9 119.9 113 329.5 117 121.1 329.7 346.5 171.5 168.9 89 177.4 182.6 512 177.4 180.2 175.4 149.7 109.8 98.8 96.1 101.6 101.8 16.4 16.1 14.1 14.6 13.7 10.8 10.1 10.4 8.8 10.0 9.3 16.9 5.6 8.1 8.2 53.7 (7.1) (8.9) (6.6) 42.6 (6.4) (6) (5.6) 32.9 (4.5) (4.7) (4.4) 26.5 (3.9) (3.7) (3.6) 18.7 (2.8) (2.7) (2.3) 13.8 (2.1) (1.8) (1.8) (1.7) (1.6) (1.6) (1.8)
Stock-Based Compensation 84 59.6 75.3 74.9 81 75.1 72.7 70.6 72.8 54.9 62.2 73.7 75.6 67.2 63.6 55.7 67.6 58.8 55.7 54.1 70 49 37.7 44 67.7 38.4 45.9 52.3 45.7 38.5 37.3 38.3 43.4 30.6 30.1 34 37 37 33.7 38.8 45.3 2.9 8.8 7.9 4.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (127.9) (108.7) 174.2 (789.6) (333.5) 28.3 233.8 (188.6) (228.7) (648.1) 314.4 (130.9) (184.1) (987.5) (2.7) 880.4 (780.5) 76.2 (116.5) 226 (331.2) (135.1) 182.7 93.1 (327.9) 259.9 (176.9) 263.1 (146.8) 350.8 71.3 (6.3) (15.6) 1,215.7 160.5 14.7 (1,155.5) 774.7 (244.5) (267.7) (189.5) 4.3 63.5 (7.9) (40.0) (30.6) 21.2 0.4 (38.4) (79.0) 11.1 (8.3) (23.8) (31.9) 28.1 (24.3) (8.5) (16.6) 3.1 21.5 (18.9) 53.8 1.5 (10.3) (20.7) (1.0) 14.6 (15.3) (0.3) (21.0) 15.1 (22.9) (7.2) 40.3 (34.4) (1.3) (9) 9.4 (3.3) (7) (4.5) (19.9) 33 (5.8) 20.9 2 (4.2) 6.9 2.3
Other Non-Cash Items 141.9 242.8 100.5 77.8 115.9 265.2 110.4 88.3 128.3 144.8 365.9 (57.9) 128.4 104.8 (563.2) (1,344.6) 512.1 265.8 542.2 456.6 493.7 (666.1) 114.6 (55.3) 178.1 70.5 (6.3) 193.9 (197.3) 78.4 (174.7) 91.3 36.1 217.9 53.4 175.4 18.1 57.8 13.6 40 (11.9) 67.4 95.8 82.7 106.0 205.2 1,081.2 9.8 13.5 7.9 33.2 21.9 9.8 10.8 (38.8) 31.5 10.1 77.8 (0.0) (5.2) (93.2) (41.7) 15.4 33.8 12.9 (37.4) 13.2 11.4 11.9 (26.8) 8.8 9.3 11 (22.8) 8.9 6.7 7.7 (18.5) 6.4 5.6 4.8 (10.1) 5 5.2 3.4 3.7 3.2 3.1 4.9
Operating Cash Flow 645.5 512 1,272.5 160.9 259.3 760.9 935.6 625.8 553.2 12.5 592.4 487 455.3 (175) 661 736.5 161.8 838.3 805.3 1,227.3 769 (367.1) 1,181.1 1,948.5 1,467.3 1,960.2 1,694.9 1,964 1,459.5 1,895.4 1,735.9 1,099.3 1,457.1 1,518.3 1,628.3 1,169.2 235.2 1,576.6 986.6 995.8 963.4 173.1 228.8 212.9 159.6 198.0 67.1 97.9 47.1 7.2 99.5 66.7 39.6 61.3 57.1 87.1 82.9 174.8 77.0 96.4 17.7 109.5 71.4 61.6 29.8 42.0 57.3 26.2 42.3 8.2 50.2 13.3 25.9 52.1 10.4 (7.4) (8.6) 10.5 1.5 (3.4) 0.8 (6.5) 9.5 (1.8) 33.7 8.2 8.7 14 16.7
Investing Activities
Capital Expenditure 51.2 43.9 (46.2) (16.6) (47.1) (66.3) (130) (42.6) (120.9) (65.2) (87.6) (87) (66.6) (87.4) (59.1) (38.8) (57.9) (68.5) (61.9) (71.9) (92.6) (101) (84.1) (105) (149.7) (110.4) (90.1) (186.9) (127.1) (225.9) (190.7) (264.8) (194.7) (295.6) (279.2) (322.8) (1,065.2) (183.3) (280.7) (136.8) (126.9) (59.7) (90.4) (65.8) (78.1) (65.7) (220.7) (29.3) (26.9) (42.3) (58.9) (47.7) (66.0) (49.0) (60.4) (41.8) (55.9) (63.1) (53.3) (46.7) (35.9) (42.5) (17.8) (13.4) (12.6) (14.1) (6.4) (8.7) (4.4) (14.7) (7.4) (5) (8.5) (15.0) (15) (20.5) (15.1) (17.1) (10.2) (13) (10) (18.2) (10.7) (8.2) (6.6) (4.1) (2.6) (2.6) (1.5)
Acquisitions 0 0 0 0 0 0 (1,074.8) 0 0 (582.4) (6,333.1) 1.5 0.2 0.2 594.8 0 0 0 0 0 28.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (300) (300) 0 0 67.5 0 64.5 136.8 0.9 0.8 (0.8) 0.8 0 0.6 1.0 1.3 1.1 1.6 1.4 1.1 0.9 1.2 (3.8) 0 0 0 (4.6) 0 0 0 (6.7) 0 0 0 (3.6) 0 0 0 2.3 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (748.8) 0 (91) 0 0 0 0 0 0 0 (1,020.4) (2,799.1) (1,321.2) (642.6) (494.3) (1,178.1) (1,133.5) (1,436.1) (745.7) (713.6) (913.3) (2,189.6) (1,318.9) (2,211) (1,684.7) (1,200.5) (1,977) (1,250.1) (825) (1,601) (1,318.7) (3,318) (1,919.2) (1,261.3) (1,557.9) (1,279.3) (1,256.7) (2,281.5) (1,798.4) (1,918.9) (1,914.4) (734.7) (211.6) (293.7) (472.2) (1,952.1) (832.5) (196.5) (127.5) (76.8) (147.3) (99.4) (146.9) (73.6) (69.8) (133.6) (141.3) (96.7) (170.0) (164.0) (196.5) (651.2) (139.5) (190) (139.5) (175.3) (48.7) (127.5) (222.5) (132.5) (121.3) (132.8) (95.2) (104.3) (85.7) (60.8) (119.1) (170.8) (60.6) (85.7) (31.9) 11.1 23.6 (10.7) (50.6) (7.4) (9.5) 17.7 (54)
Sales/Maturities of Investments 625.7 0 56.6 0 0 (40.6) 24.8 511.7 55.6 13.4 5,701.6 2,133 440.5 566.3 1,643.2 1,908.2 543.6 1,379.6 575.4 633.5 910.4 2,133.1 1,360.8 1,490.6 2,389.8 2,142.7 778.1 2,076.3 1,489.2 1,179 1,192 2,733.8 4,068.9 1,093.3 888.1 1,700.2 1,884.3 2,193.1 2,362.2 1,642.5 1,181.1 260.1 921.5 354.8 849.5 1,701.9 698.9 177.6 121.0 121.4 104.2 98.7 102.0 100.4 84.1 106.8 173.1 100.2 131.0 173.2 321.9 649.8 98.4 147.6 110.7 96.1 26.1 132.9 198.9 98.3 82 86.3 106.5 65.8 91.8 94.6 118.1 143.1 55.3 78.8 29.8 0 0 0 0 0 0 0 0
Other Investing Activities (35.2) (1,275.6) 50.8 (30.4) (0.2) 88.3 (1.1) (2.6) (0.7) (10) (0.2) (0.4) (0.7) 22.6 (0.2) 2.2 (0.2) 12.3 (1.4) (0.7) 2.7 (8.9) (10.2) (7.3) (0.5) 31.6 923.1 (750.1) (298.3) 162.1 (300.9) (762.4) (598.4) (425.9) (297.8) (300.7) (306.6) (310) (357.3) (22.9) (43) 0 408.1 (67.5) 0 (64.5) (7.2) (0.9) (0.8) 8.0 (6.8) 1.2 (0.6) (1.0) (1.3) (1.1) (1.6) (6.4) (1.1) (0.9) (1.2) (3.2) (1.4) (0.5) (1.1) 8.4 (0.8) (1.5) (6.5) 13.3 (14.1) 9.1 (12.6) (11.5) (0.1) (1.5) (0.1) (0.6) (0.6) (0.4) (0.7) (1.1) (0.7) (0.8) (0.5) (0.6) (0.4) (0.9) (0.8)
Investing Cash Flow (209.5) (1,231.7) (35.1) (57) (47.3) (18.6) (1,181.1) 466.5 (66) (644.2) (1,739.7) (752) (952.8) (140.9) 1,684.4 693.5 (648) (112.7) (233.6) (152.7) (64.7) (166.4) (52.4) (832.7) 442.9 708.4 (365.9) (110.8) 238.8 (1,625.3) (619.1) (1,148.5) 1,346.6 (769.5) (1,246.8) (202.6) (744.2) (581.7) 36.2 (736.1) (1,203.2) (534.3) 1,027.7 (4.7) 299.2 (315.9) (224.8) (48.3) (33.4) (94.3) (108.0) (48.4) (110.9) (22.2) (46.0) (68.6) (24.1) (64.6) (92.4) (37.6) 89.6 (51.0) (60.3) (56.3) (42.5) (89.6) (29.8) (4.8) (34.5) (42.2) (60.8) (42.4) (9.8) (68.7) (9) 11.8 (16.2) (43.1) (16.1) (20.3) (12.8) (5.1) 12.2 (19.7) (57.7) (12.1) (12.5) 14.2 (56.3)
Financing Activities
Net Debt Issuance 0 0 (0.3) (16.6) 0 0 0 (250) (400) (650) 837.3 0 0 0 (1,002.2) 0 0 0 0 (0.7) (169.3) 0.1 0 1,467.3 0 0 0 0 0 0 0 (3.2) 0 (557.7) (3.2) 0 0 0 (2.7) 0 0 0 (746.4) 0 0 0 3.2 (0.8) (1.6) (0.8) (1.6) (0.8) (1.6) (0.8) (1.6) (0.8) (1.6) (1.6) (0.8) (1.6) (0.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (250) (500) 0 0 (750) (450) (600) (400) (1,250) (2,808.9) (2,220.2) (2,093.1) (717.9) (2,401.5) (655.8) (1,352.6) 0 (2,750) (250) 0 0 (781.8) (583.6) (651.1) (348.9) 0 0 0 (154.1) (168.5) (343.7) 0 45.8 0 0 (45.8) 8.4 0 0 (8.4) (25.2) (41.7) (16.4) (19.8) (29.7) (101.3) (149.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Financing Activities 11.3 (139.9) (135.1) (1.2) 1.3 4.4 (12.6) (1.3) 7.3 (7.9) 2.2 (16.8) 16.5 (11.5) (17.6) 19.2 4.3 2.2 (2.4) (126.7) 11.4 (8.4) (70.3) 17.8 4.5 (40.2) 22.2 17.2 8.7 (84.4) 25.1 (38.3) (18.6) (150.4) (16.3) 30.8 (317.8) (78.6) 39.7 (15.8) (5) (4.3) (8.5) (22.6) (9.4) (7.6) (20.4) 0.8 1.6 0.8 (21.8) 3.5 8.0 10.5 (24.8) 7.7 6.8 (111.9) 14.3 9.5 88.1 (75.0) 9.7 (44.1) 78.7 (21.1) (5.3) (15.1) (12.6) 41.7 0 (19.2) 43.4 15.9 11.2 13.2 11.5 25.8 20.4 2.1 25.7 0.8 4.8 7.7 2.2 3.7 1.5 1.5 1.1
Financing Cash Flow (43.8) (136.9) (130.2) (11.7) (23) 7.9 (6.6) (245.2) (439.6) (654.2) 846.1 (11.3) (43.6) (7.6) (1,264.1) (471.5) (16.5) 9.8 (746.5) (564.5) (785) (401.1) (1,312.9) (1,313.4) (2,245.3) (2,116.4) (689) (2,375.7) (679.3) (1,437) 25.1 (2,791.5) (268.6) (708.1) (19.5) (751) (901.4) (721.2) (300.6) (15.8) (5) 19.3 (894.5) (141.2) (287.7) 98.3 53.1 2.7 4.9 4.3 3.9 2.6 6.3 1.3 (16.6) (34.8) (11.2) (97.3) (16.2) (93.4) (62.2) (75.0) 9.7 (44.1) 78.7 (21.1) (5.3) (15.1) (12.6) 41.7 0 (19.2) 43.4 15.9 11.2 13.2 11.5 25.8 20.4 2.1 25.7 0.8 4.8 7.7 2.2 3.7 1.5 1.5 1.1
Cash Position
Net Change in Cash 374.2 (856.6) 1,104 160.5 223.3 675.8 (209.7) 834.5 24.5 (1,238) (329.9) (280.4) (521.1) (256.3) 1,029 897.3 (512.1) 719.6 (200.2) 524.5 (113.7) (893.6) (160.1) (206.4) (322.4) 569.8 620.5 (519.8) 1,018.6 (1,162.1) 1,136.5 (2,857.8) 2,534.2 25.7 378.6 245.5 (1,402.5) 241.7 722.8 231.3 (177.3) (341.9) 362.0 67.0 180.5 (12.1) 200.5 52.2 25.9 (14.0) (5.4) 20.3 (64.3) 40.5 (5.6) (16.4) 47.5 12.9 (31.6) (34.6) 45.1 (16.6) 20.8 (38.7) 78.7 (21.1) (5.3) (15.1) (12.6) 41.7 (10.6) 0 23.3 15.9 11.2 13.2 11.5 25.8 20.4 2.1 25.7 0.8 4.8 7.7 2.2 3.7 1.5 1.5 1.1
Cash at Beginning 3,008.5 3,862.8 2,758.8 2,598.3 2,375 1,699.2 1,908.9 1,074.4 1,049.9 2,287.9 2,617.8 2,898.2 3,419.3 3,675.6 2,646.6 1,749.3 2,261.4 1,541.8 1,742 1,217.5 1,331.2 2,224.8 2,384.9 2,591.3 2,913.7 2,343.9 1,723.4 2,243.2 1,224.6 2,386.7 1,250.2 4,108 1,573.8 1,548.1 1,169.5 924 2,326.5 2,084.8 1,362 1,130.7 1,308 638.4 276.4 209.4 302.8 314.9 114.4 62.2 36.3 45.1 50.5 30.2 94.5 54.0 59.6 76.0 28.5 35.8 67.5 102.0 56.9 73.5 52.7 91.4 25.4 0 0 0 70.4 0 0 20.1 62 0 0 0 45.8 0 0 0 54.7 0 0 0 74.5 0 0 0 85.9
Cash at End 3,382.7 3,008.5 3,862.8 2,758.8 2,598.3 2,375 1,699.2 1,908.9 1,074.4 1,049.9 2,287.9 2,617.8 2,898.2 3,419.3 3,675.6 2,646.6 1,749.3 2,261.4 1,541.8 1,742 1,217.5 1,331.2 2,224.8 2,384.9 2,591.3 2,913.7 2,343.9 1,723.4 2,243.2 1,224.6 2,386.7 1,250.2 4,108 1,573.8 1,548.1 1,169.5 924 2,326.5 2,084.8 1,362 1,130.7 296.5 638.4 276.4 483.3 302.8 314.9 114.4 62.2 36.3 45.1 50.5 30.2 94.5 54.0 59.6 76.0 48.7 35.8 67.5 102.0 56.9 73.5 (44.1) 104.1 (21.1) (5.3) (15.1) 57.8 41.7 (10.6) 0.9 85.3 15.9 11.2 13.2 57.3 25.8 20.4 2.1 80.4 0.8 4.8 7.7 76.7 3.7 1.5 1.5 87
Free Cash Flow 696.7 555.9 1,226.3 144.3 212.2 694.6 805.6 583.2 432.3 (52.7) 504.8 400 388.7 (262.4) 601.9 697.7 103.9 769.8 743.4 1,155.4 676.4 (468.1) 1,097 1,843.5 1,317.6 1,849.8 1,604.8 1,777.1 1,332.4 1,669.5 1,545.2 834.5 1,252.4 1,222.7 1,349.1 846.4 (830) 1,393.3 705.9 859 836.5 113.4 138.4 147.0 81.5 132.3 (153.6) 68.5 20.2 (17.2) 40.6 19.0 (26.5) 12.3 (3.3) 45.2 26.9 111.7 23.7 49.7 (18.2) 67.0 53.6 48.2 17.2 27.9 50.9 17.5 37.9 (6.4) 42.8 8.3 17.4 37.1 (4.6) (27.9) (23.7) (6.6) (8.7) (16.4) (9.2) (24.7) (1.2) (10) 27.1 4.1 6.1 11.4 15.2
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 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 2,477.8 2,279.3 2,454.8 2,645.5 2,431 2,454.7 2,465.8 2,464.9 2,290.5 2,386.3 2,530.3 2,456 2,463 2,544 2,508.5 2,589.1 2,531.8 2,733.8 2,778.9 2,775 2,694 2,852.6 3,376.1 3,681.6 3,534.3 3,671.3 3,600.1 3,616.7 3,489.8 3,526.3 3,439 3,356.5 3,131.1 3,307 3,077.8 3,078.4 2,810.7 2,872 2,955.8 2,894.2 2,726.8 2,839.3 2,777.9 2,591.6 2,554.9 2,640.7 2,511.4 2,421.5 2,129.8 1,965.8 1,827.8 1,722.2 1,415.1 1,417.9 1,385.6 1,421.0 1,292.0 1,326.7 1,043.5 1,208.6 1,203.3 1,219.1 1,175.8 1,212.7 1,108.9 1,127.1 1,120.5 1,093.3 1,036.5 1,068.9 1,093.0 993.4 942.2 893.3 789.2 773.2 715.9 (102.5) 703.5 660.0 611.2 (76.0) 596.2 605.6 587.8 (28.0) 543.3 538.8 541.7 (308.9) 123.6 302.4 269.3 280.5 260.6 237.0 245.3 233.8 230.5 216.8
Gross Profit 1,816.8 1,783 1,578.2 1,699.3 1,853.1 1,871.2 1,827.1 1,509.1 1,792.4 1,768 1,870.7 1,863.3 1,800.2 1,973.1 2,039 2,105.1 1,777.9 2,073.7 2,267.1 2,315.3 2,215.9 2,362 2,927 3,270.5 3,080 3,224.2 3,170.1 3,140.4 2,887.8 3,037.8 2,978.2 2,935.5 2,685.1 2,797.8 2,707.8 2,712.2 2,426.1 2,545.9 2,538.9 2,523.9 2,413.8 2,507.5 2,467.9 2,305.5 2,242.5 2,343.4 2,208.8 2,129.6 1,850.5 1,707.3 1,593.1 1,491.4 1,281.3 1,284.1 1,246.2 1,281.8 1,158.8 1,187.1 919.9 1,108.1 1,100.2 1,118.8 1,079.9 1,105.7 1,011.8 1,027.4 1,027.0 1,002.6 938.3 967.8 985.5 901.0 841.3 805.7 707.6 689.1 634.0 (164.6) 636.7 582.0 543.7 (189.4) 506.6 534.5 488.2 (111.3) 478.8 387.0 287.0 (447.5) 119.8 259.8 233.1 244.8 225.4 207.9 212.6 200.7 199.7 188.2
Operating Income 397.4 (57) 613.8 588.1 732.6 509 577.2 366.5 690.4 512.4 320.8 689.7 574.4 558.3 870 936.4 524.4 506.9 799.6 470.8 973.9 (330.6) 1,086.4 1,974.5 1,819.9 1,777.7 1,806.3 1,955.9 1,502.7 1,443.1 1,697.6 1,213.2 1,534.7 1,466.2 1,653.9 1,201 1,024.7 886.2 1,425.3 1,460.5 1,378.4 1,168.2 1,371.8 1,233.1 1,117.9 1,159.7 1,152.6 988.7 671.3 657.9 684.5 652.0 507.8 434.1 513.8 505.7 369.4 409.1 488.5 410.8 416.3 355.2 194.1 395.9 303.7 383.4 384.2 222.9 305.0 325.0 345.9 296.8 246.0 262.4 129.2 206.4 181.7 191.7 197.3 (122.0) 173.0 93.3 21.2 46.3 75.3 57.9 70.8 (1.5) (83.9) (1,102.4) 43.1 82.2 52.1 93.0 91.1 86.6 92.7 64.5 87.1 84.0
Net Income 319.5 (48.4) 466.5 634.8 240.5 266.7 388.5 583.6 393.4 249.7 (68.1) 591.6 387.9 550.4 1,134.7 1,058 303.8 368.2 329.2 448.5 410.2 357.9 701.5 1,542.1 1,399.1 1,439.7 1,545.9 1,494.1 1,408.8 946.8 1,444.4 866.6 1,172.9 (297.4) 1,226.1 862.8 747.6 649.2 1,032.9 1,049.8 970.9 831.6 965.6 927.3 822.5 883.5 856.9 714.5 480.0 457.3 487.6 490.7 426.7 292.1 398.4 386.8 302.7 300.2 351.8 288.0 293.8 240.3 254.1 293.4 217 305.6 277.7 142.8 244.0 206.7 206.8 206.3 163.4 201.2 119.6 185.9 131.7 108.6 156.8 (170.6) 122.8 55.6 27.1 34.5 43.4 28.7 36.7 0.8 (41.2) (1,051.7) 28.8 41.4 43.4 58.9 71.9 72.1 71.8 68.4 72.1 121.4
EPS (Diluted) 2.15 -0.33 3.17 4.35 1.64 1.83 2.66 4.00 2.70 1.71 -0.47 4.07 2.67 3.79 7.84 7.24 2.06 2.50 2.22 2.99 2.69 2.32 4.46 9.59 8.08 8.08 8.39 7.85 7.15 4.73 7.15 4.18 5.54 -1.41 5.79 4.07 3.46 2.99 4.71 4.79 4.43 3.77 4.15 3.93 3.49 3.74 3.62 3.01 2.02 1.92 2.05 2.06 1.79 1.23 1.67 1.61 1.25 1.22 1.43 1.18 1.20 0.98 1.05 1.12 0.80 1.12 0.95 0.49 0.84 0.71 0.70 0.70 0.54 0.67 0.41 0.54 0.38 0.32 0.45 -0.50 0.36 0.16 0.08 0.10 0.12 0.08 0.10 0.00 -0.12 -3.15 0.15 0.10 0.11 0.15 0.18 0.18 0.16 0.15 0.16 0.26
Balance Sheet
Cash & Equivalents 3,382.7 3,008.5 3,862.8 2,758.8 2,598.3 2,375 1,699.2 1,908.9 1,074.4 1,049.9 2,287.9 2,617.8 2,898.2 3,419.3 3,675.6 2,646.6 1,749.3 2,261.4 1,541.8 1,742 1,217.5 1,331.2 2,224.8 2,384.9 2,591.3 2,913.7 2,343.9 1,723.4 2,243.2 1,224.6 2,386.7 1,250.2 4,108 1,573.8 1,548.1 1,169.5 924 2,326.5 2,084.8 1,362 1,130.7 721.0 639.6 581.9 786.8 764.1 437.3 483.3 302.8 314.9 62.2 36.3 45.1 50.5 59.6 76.0 28.5 48.7 35.8 67.5 102.0 56.9 73.5 52.7 91.4 25.4 94.2 71.8 65.6 70.4 62.6 73.3 101.5 62.0 62.6 50.1 32.5 45.8 52.5 46.7 68.4 54.7 65.5 39.1 52.7 74.5 74.9 77.2 47.4
Total Assets 29,483.1 29,439.5 29,207.5 28,330.2 28,033.1 28,049.3 28,313.2 26,804.1 26,567.6 26,844.8 28,193.2 25,156.8 24,598.4 24,554.1 24,854.2 25,081.4 23,614.4 23,877.3 23,806.7 24,470.4 23,854.7 24,618.9 24,934.1 25,511.8 26,119.2 27,234.3 27,484 26,287.6 26,445.5 25,288.9 25,492.2 23,952.9 26,090.1 23,652.6 23,073.2 21,759 21,195.9 22,876.8 22,104.9 21,514.8 20,674.7 7,502.1 8,217.3 8,551.9 8,777.2 8,575.2 7,816.4 9,227.3 9,511.6 9,503.9 2,038.3 1,975.9 2,007.0 1,885.0 1,644.6 1,593.9 1,505.6 1,431.9 1,403.1 1,321.3 1,289.6 1,278.0 1,140 1,055.4 1,030 924.7 888.6 833.6 823.8 813.8 747.3 704.9 684.2 634.6 587.4 489.7 472 469.2 430.7 404.4 400.3 377.9 379.3 374.8 365 357 347.6 340.5 319.9
Total Debt 6,561.9 6,948 6,590.1 6,594.6 6,621.2 6,630.3 6,650.9 6,659.5 6,946.6 7,338.2 7,715.2 6,589 6,609.7 6,614 6,634 7,551.4 7,587.5 7,603.5 7,619.3 7,633.1 7,647.2 7,828.2 7,834.1 7,838.6 6,365.4 6,367.5 6,364 6,371.5 6,379.3 5,936.5 5,931.1 5,928.4 5,932.7 5,938.2 6,511.5 6,513.9 6,514.2 6,517.4 6,534.5 6,543.1 6,540.5 1,079.8 1,095.3 1,100.0 1,100.3 1,109.4 1,560.2 866.2 861.3 887.3 39.9 57.4 42.3 72.7 102.1 103.1 103.9 109.3 53.7 54.5 56.2 113.1 58.6 59.4 61.1 80.3 82.3 78.9 89.2 91.6 68.4 69.2 70.8 66.3 61.7 52.7 41.6 34.5 30.8 25 25 0 0 0 0 0 0 0 0
Stockholders' Equity 18,651.7 18,256.8 18,207.5 17,634 16,978.7 16,716 16,358.9 15,889.1 15,213 14,799.4 14,483.8 14,466.9 13,796.6 13,397.9 12,775.5 11,872.5 11,242.3 10,896.2 10,429.9 10,751.9 10,682.2 10,700.3 10,758.5 11,308.7 12,546.9 13,343.2 13,995.9 12,952.9 13,829.9 13,039.6 13,766.6 12,260.9 14,053.7 12,612.8 12,860.5 11,585.2 11,479 12,140.1 12,117.5 11,403.8 10,326.8 5,170,806 5,909.4 6,221.5 6,212.5 5,987.7 4,992.7 6,934.2 7,197.5 7,053.3 1,710.1 1,160.4 1,595.4 1,543.1 835.9 1,260.7 1,180.4 1,106.4 1,061.2 1,003.2 1,017.8 979.5 942.5 866.9 848.6 718.6 668.8 619.5 575.1 536.3 587.9 558.9 535.8 484.4 461.1 374.2 381.3 383.0 358.7 342.4 336.6 329.9 320.7 342 335.5 325.2 317.3 304.5 297.4
Cash Flow
Operating Cash Flow 645.5 512 1,272.5 160.9 259.3 760.9 935.6 625.8 553.2 12.5 592.4 487 455.3 (175) 661 736.5 161.8 838.3 805.3 1,227.3 769 (367.1) 1,181.1 1,948.5 1,467.3 1,960.2 1,694.9 1,964 1,459.5 1,895.4 1,735.9 1,099.3 1,457.1 1,518.3 1,628.3 1,169.2 235.2 1,576.6 986.6 995.8 963.4 173.1 228.8 212.9 159.6 198.0 67.1 97.9 47.1 7.2 99.5 66.7 39.6 61.3 57.1 87.1 82.9 174.8 77.0 96.4 17.7 109.5 71.4 61.6 29.8 42.0 57.3 26.2 42.3 8.2 50.2 13.3 25.9 52.1 10.4 (7.4) (8.6) 10.5 1.5 (3.4) 0.8 (6.5) 9.5 (1.8) 33.7 8.2 8.7 14 16.7
Capital Expenditure 51.2 43.9 (46.2) (16.6) (47.1) (66.3) (130) (42.6) (120.9) (65.2) (87.6) (87) (66.6) (87.4) (59.1) (38.8) (57.9) (68.5) (61.9) (71.9) (92.6) (101) (84.1) (105) (149.7) (110.4) (90.1) (186.9) (127.1) (225.9) (190.7) (264.8) (194.7) (295.6) (279.2) (322.8) (1,065.2) (183.3) (280.7) (136.8) (126.9) (59.7) (90.4) (65.8) (78.1) (65.7) (220.7) (29.3) (26.9) (42.3) (58.9) (47.7) (66.0) (49.0) (60.4) (41.8) (55.9) (63.1) (53.3) (46.7) (35.9) (42.5) (17.8) (13.4) (12.6) (14.1) (6.4) (8.7) (4.4) (14.7) (7.4) (5) (8.5) (15.0) (15) (20.5) (15.1) (17.1) (10.2) (13) (10) (18.2) (10.7) (8.2) (6.6) (4.1) (2.6) (2.6) (1.5)
Free Cash Flow 696.7 555.9 1,226.3 144.3 212.2 694.6 805.6 583.2 432.3 (52.7) 504.8 400 388.7 (262.4) 601.9 697.7 103.9 769.8 743.4 1,155.4 676.4 (468.1) 1,097 1,843.5 1,317.6 1,849.8 1,604.8 1,777.1 1,332.4 1,669.5 1,545.2 834.5 1,252.4 1,222.7 1,349.1 846.4 (830) 1,393.3 705.9 859 836.5 113.4 138.4 147.0 81.5 132.3 (153.6) 68.5 20.2 (17.2) 40.6 19.0 (26.5) 12.3 (3.3) 45.2 26.9 111.7 23.7 49.7 (18.2) 67.0 53.6 48.2 17.2 27.9 50.9 17.5 37.9 (6.4) 42.8 8.3 17.4 37.1 (4.6) (27.9) (23.7) (6.6) (8.7) (16.4) (9.2) (24.7) (1.2) (10) 27.1 4.1 6.1 11.4 15.2