Booking Holdings Inc. logo BKNG - Booking Holdings Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 45
HOLD 25
SELL 0
STRONG
SELL
0
| PRICE TARGET: $230.65 DETAILS
HIGH: $309.84
LOW: $175.00
MEDIAN: $220.00
CONSENSUS: $230.65
UPSIDE: 29.40%
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
Revenue
Revenue 26,917 23,739 21,365 17,090 10,958 6,796 15,066 14,527 12,681 10,743 9,224.0 8,442.0 6,793.3 5,261.0 4,355.6 3,084.9 2,338.2 1,884.8 1,409.4 1,123.1 962.7 914.4 863.7 1,003.6 1,171.8 1,235.4 482.4 35.2
Cost of Revenue 0 0 0 0 0 0 0 0 242 415 632.2 857.8 1,077.4 1,177.3 1,275.7 1,175.9 1,077.4 928.8 770.0 722.0 694.8 716.2 717.7 845.2 978.8 1,025.8 419.3 34.6
Gross Profit 26,917 23,739 21,365 17,090 10,958 6,796 15,066 14,527 12,439 10,328 8,591.8 7,584.1 5,715.9 4,083.7 3,079.9 1,909.0 1,260.8 956.0 639.4 401.1 267.9 198.2 145.9 158.4 192.9 209.6 63.1 0.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 285 233 189 142 113.6 97.5 71.9 43.7 33.8 21.0 19.1 18.0 13.8 0 0 9.2 8.9 12.0 0 0 14 11.1
SG&A Expenses 15,899 14,788 14,371 11,210 7,616 5,459 8,967 8,527 7,349 6,030 4,946.8 4,205.5 3,113.6 2,145.1 1,593.3 1,055.4 731.6 605.7 450.6 305.5 204.9 154.2 117.7 123.7 202.7 250.0 107.2 42.4
Other Expenses 1,736 1,396 1,159 778 846 1,968 469 426 363 1,250 272.5 207.8 118.0 65.1 53.8 45.8 39.2 42.8 37.1 33.6 27.0 4.3 11.3 46.0 4.1 17.4 5.3 1.9
Operating Expenses 17,635 16,184 15,530 11,988 8,462 7,427 9,721 9,186 7,901 7,422 5,332.9 4,510.8 3,303.5 2,253.9 1,681.0 1,122.2 789.9 666.5 501.5 339.1 232.0 167.7 137.9 181.7 206.8 267.4 126.5 55.4
Operating Income
Operating Income 9,282 7,555 5,835 5,102 2,496 (631) 5,345 5,341 4,538 2,906 3,258.9 3,073.3 2,412.4 1,829.8 1,398.9 786.8 470.8 289.5 137.9 62.0 35.9 30.4 8.0 (23.3) (13.9) (57.8) (63.4) (54.8)
Interest Expense 1,617 1,295 897 391 334 356 266 269 254 208 160.2 88.4 83.3 62.1 31.7 29.9 24.1 34.9 10.4 7.1 5.1 3.7 0.9 0.1 0 0 0 0
Interest Income 921 1,114 1,020 219 16 54 152 187 157 95 55.7 13.9 4.2 3.9 8.1 3.9 2.2 11.7 25.8 11.3 5.5 5.1 2.5 2.9 0 9.7 0 0
Profitability
EBITDA 9,217 9,338 7,043 4,921 2,398 1,565 6,865 5,530 5,016 3,230 3,561.0 3,285.6 2,497.8 1,889.1 1,453.3 826.7 505.6 354.0 197.9 99.0 66.3 46.0 22.0 (2.0) 2.6 (40.5) (58.1) (52.9)
EBIT 8,449 8,587 6,378 4,314 1,799 923 6,224 5,104 4,653 2,921 3,288.5 3,077.8 2,379.8 1,823.9 1,399.5 776.2 466.4 311.0 160.4 62.1 37.5 30.4 10.5 (20.2) (14.0) (57.8) (63.4) (54.8)
Income Before Tax 6,832 7,292 5,481 3,923 1,465 567 5,958 4,835 4,399 2,713 3,128.3 2,989.4 2,296.5 1,761.9 1,367.8 746.3 442.3 276.1 150.0 65.6 35.7 31.8 9.6 (20.3) (7.3) (315.1) (1,055.1) (112.2)
Income Tax Expense 1,428 1,410 1,192 865 300 508 1,093 837 2,058 578 577.0 567.7 403.7 337.8 308.7 218.1 (47.2) 90.2 (12.1) (12.4) (156.3) 0.2 0 0 0 0 0 0
Net Income 5,404 5,882 4,289 3,058 1,165 59 4,865 3,998 2,341 2,135 2,551.4 2,421.8 1,892.7 1,419.6 1,056.4 527.5 489.5 182.2 155.5 74.5 192.7 31.5 11.9 (19.2) (7.3) (315.1) (1,055.1) (112.2)
Per Share Data
EPS (Basic) 6.66 7.00 4.75 3.07 1.14 0.06 4.52 3.37 1.91 1.73 2.00 1.85 1.49 1.14 0.85 0.44 0.46 0.19 0.17 0.08 0.19 0.03 0.01 -0.02 -0.01 -0.45 -1.88 -0.19
EPS (Diluted) 6.62 6.91 4.70 3.05 1.13 0.06 4.47 3.33 1.87 1.71 1.98 1.83 1.44 1.11 0.83 0.41 0.40 0.15 0.14 0.07 0.17 0.03 0.01 -0.02 -0.01 -0.45 -1.88 -0.19
Shares Outstanding 811.3 840.5 903.5 996.8 1,026.0 1,024.3 1,077.0 1,186.2 1,224.8 1,237.3 1,273.5 1,307.5 1,273.1 1,246 1,241.3 1,198.9 1,060.2 982.5 941.8 966.2 979.0 957.6 945.1 947.0 854.3 695.8 561.0 593
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
Current Assets
Cash & Cash Equivalents 17,203 16,164 12,107 12,221 11,127 10,562 6,312 2,624 2,541.6 2,081.1 1,477.3 3,148.7 1,290.0 1,536.3 632.8 359.0 202.1 364.6 385.4 423.6 80.3 101.3 93.7 67.2 99.9 77.0 133.2 53.6
Short-Term Investments 582 0 576 175 25 501 998 3,660 4,859.9 2,218.9 1,171.2 1,142.2 5,462.7 3,646.8 2,024.8 1,303.3 598.0 98.9 122.5 8.0 72.7 122.8 151.7 64.2 49.3 11.0 38.8 0
Net Receivables 3,820 3,199 3,253 2,229 1,358 529 1,680 1,523 1,218 860.1 645.2 643.9 536.0 367.5 264.5 162.4 118.7 92.3 70.7 48.5 30.0 18.3 10.8 13.6 15.7 13.9 21.8 4.2
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
Other Current Assets 48 541 454 666 231 277 364 0 0 0 0 0.8 85.5 131.7 40.5 71.6 67.3 14.7 15.4 2.5 22.3 23.6 22.5 18.2 15.4 29.4 17.9 2.4
Total Current Assets 22,264 20,491 17,034 15,798 13,145 12,206 9,833 8,407 9,034.8 5,401.5 3,553.2 5,267.4 7,480.9 5,682.4 3,066.8 1,957.5 1,022.9 623.8 613 503.1 223.7 272.5 283.5 169.6 185.3 131.2 211.7 60.2
Non-Current Assets
Property, Plant & Equipment 807 1,391 1,489 1,314 1,318 1,285 1,358 656 480.1 347.0 274.8 199.0 135.1 89.3 64.3 39.7 30.5 29.4 27.1 21.7 18.3 15.8 16.5 21.4 32.3 37.1 28 5.9
Goodwill 2,669 2,799 2,826 2,807 2,887 1,895 2,913 2,910 2,737.7 2,396.9 3,375 3,326.5 1,767.9 522.7 504.8 510.9 350.6 326.9 287.2 226.7 198.4 138.9 8.8 0 23.6 0 0 0
Intangible Assets 918 1,382 1,613 1,829 2,057 1,812 1,954 2,125 2,176.8 1,993.9 2,167.5 2,334.8 1,020.0 208.1 200.2 232.0 172.1 193.2 182.7 152.9 149.7 98.9 7.1 10.5 0 0 0 0
Long-Term Investments 0 536 440 2,789 3,175 3,759 4,477 8,408 10,421.6 9,591.1 7,931.4 3,755.7 0 0 0 0 0.4 9.1 2.5 0 0 9.4 0 0 0 0 0 0
Other Non-Current Assets 2,606 1,109 940 139 154 (210) (9) (189) 119.1 (713.8) (773.9) 48.8 33.5 35.8 23.5 14.4 4.0 7.6 19.9 21.8 17.4 0.4 21.9 9.7 21.0 26.8 202.2 0.5
Total Non-Current Assets 7,000 7,217 7,308 9,563 10,496 9,668 11,569 14,280 16,416.5 14,437.5 13,867.3 9,673.2 2,963.5 887.4 903.8 948.5 811.3 720.1 737.9 602.6 530.3 269.5 54.3 41.6 76.9 63.9 230.2 6.4
Total Assets 29,264 27,708 24,342 25,361 23,641 21,874 21,402 22,687 25,451.3 19,839.0 17,420.6 14,940.6 10,444.5 6,569.7 3,970.7 2,906.0 1,834.2 1,344.0 1,350.9 1,105.6 754.0 542.1 337.8 211.2 262.2 195.1 441.9 66.6
Current Liabilities
Account Payables 5,094 3,824 3,374 2,507 1,586 735 1,239 1,134 668 419.1 322.8 281.5 247.3 184.6 146.9 90.3 60.6 46.3 47.7 49.0 37.9 40.6 25.1 35.4 45.9 40.7 24.3 5.3
Short-Term Debt 1,880 1,745 1,961 500 1,989 985 988 0 711 967.7 0 37.2 151.9 520.3 497.6 0.2 159.9 317.9 569.8 0 0 0 0 0 0 0 0 0
Deferred Revenue 5,270 4,031 3,254 2,223 906 323 1,561 1,022 980.5 614.4 434.9 460.6 437.1 368.8 0 0 60.8 29.7 59.6 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 2,726 1,344 1,049 1,234 1,051 1,831 614.9 495.5 441.8 402.6 290.0 395.6 136.9 89.8 123.4 39.8 4.8 13.3 10.1 3.5 2.1 5.1 38.6 15 5
Total Current Liabilities 16,698 15,647 13,330 8,474 6,246 3,425 5,366 3,555 3,497.9 2,858.7 1,439.3 1,380.0 1,381.7 1,461.7 1,105.8 471.2 408.8 546.7 694.8 100.7 71.0 74.4 49.6 65.3 87.3 79.3 39.3 10.3
Non-Current Liabilities
Long-Term Debt 16,856 14,853 12,223 11,985 8,937 11,029 7,640 8,649 8,812.8 6,170.5 6,158.4 3,849.8 1,750.6 936.7 77.4 476.3 36.0 75.1 0 568.9 223.5 224.4 124.5 0 0 0 0 1
Deferred Tax Liabilities 17 289 258 685 905 1,127 876 370 481.1 822.3 892.6 1,040.3 326.4 45.2 47.0 56.4 43.8 48.9 46.5 39.7 42.4 25.7 0 0 0 0 0 0
Other Non-Current Liabilities 714 456 642 851 1,024 1,034 1,125 1,328 1,398 138.8 134.8 103.5 67.4 68.9 39.2 43.0 24.1 (57.1) 13.4 11.9 (2.6) 5.0 14.5 14.2 28.2 5.1 0 0
Total Non-Current Liabilities 18,144 16,081 13,756 14,105 11,217 13,556 10,103 10,347 10,689.8 7,131.6 7,185.8 4,993.5 2,144.5 1,156.4 163.5 575.7 103.8 66.9 59.9 633.9 290.3 268.6 139.1 14.2 28.2 5.1 24.3 1
Total Liabilities 34,842 31,728 27,086 22,579 17,463 16,981 15,469 13,902 14,187.7 9,990.3 8,625.1 6,373.5 3,526.2 2,618.1 1,269.3 1,046.9 512.6 613.6 754.7 734.6 361.3 342.9 188.7 79.5 115.5 84.4 39.3 11.3
Stockholders' Equity
Common Stock 1 0 0 0 0 0 0 0 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 1.9 1.8 1.5 1.3 0
Retained Earnings 40,670 36,525 31,830 27,541 24,453 23,288 23,232 18,367 13,938.9 11,326.9 9,191.9 6,640.5 4,218.8 2,368.6 1,033.7 69.1 (454.7) (913.0) (1,106.5) (1,262.0) (1,334.6) (1,525.4) (1,555.4) (1,565.9) (1,544.3) (1,528.5) (1,180.4) (116.9)
Accumulated Other Comprehensive Income (290) (375) (323) (267) (144) (118) (191) (316) 237.0 (134.7) 244.9 (259.9) 84.7 (23.7) (87.6) (32.9) (3) (40.4) 50.3 26.3 (15.2) 11.9 (0.7) 0.1 0 (14.2) 0 0
Total Stockholders' Equity (5,578) (4,020) (2,744) 2,782 6,178 4,893 5,933 8,785 11,263.6 9,848.7 8,795.5 8,567.0 6,918.3 3,951.6 2,574.3 1,813.3 1,321.6 730.4 579.1 348.6 369.1 199.1 149.1 131.7 146.7 (248.9) 402.6 55.3
Total Liabilities & Equity 29,264 27,708 24,342 25,361 23,641 21,874 21,402 22,687 25,451.3 19,839.0 17,420.6 14,940.6 10,444.5 6,569.7 3,970.7 2,906.0 1,834.2 1,344.0 1,350.9 1,105.6 754.0 542.1 337.8 211.2 262.2 195.1 441.9 66.6
Debt Metrics
Total Debt 19,293 17,081 14,783 13,037 11,277 12,380 9,090 8,649 9,520.7 7,138.3 6,158.4 3,887.0 1,894.0 1,402.3 575 476.4 195.9 393.0 569.8 568.9 223.5 224.4 124.5 0 0 0 0 1
Net Debt 2,090 917 2,676 816 150 1,818 2,778 6,025 6,979.1 5,057.2 4,681.2 738.3 604.0 (134.0) (57.8) 117.5 (6.3) 28.4 184.4 145.3 143.2 123.1 30.8 (67.2) (99.9) (77.0) (133.2) (52.6)
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
Operating Activities
Net Income 5,404 5,882 4,289 3,058 1,165 59 4,865 3,998 2,340.8 2,135.0 2,551.4 2,421.8 1,892.8 1,424.0 1,059.1 528.1 489.5 193.5 157.1 74.5 192.7 31.5 11.9 (19.2) (7.3) (315.1) (1,055.1) (112.2)
Depreciation & Amortization 768 751 665 607 599 642 641 426 362.8 309.1 272.5 207.8 118.0 65.1 53.8 50.5 39.2 43.1 40.7 36.8 28.8 14.4 11.9 18.3 16.6 17.4 5.3 1.9
Stock-Based Compensation 617 599 530 404 376 255 325 331 261.3 249.7 249.1 189.3 142.1 72.0 66.2 68.4 40.7 40.5 16.3 14.9 4.2 0.6 0.3 0 0 0 0 0
Change in Working Capital 535 367 1,709 1,795 269 (1,020) (539) 125 1,578.4 215.9 (8.0) (25.4) 52.9 143.8 84.8 50.9 67.7 (11.0) (19.9) 4.9 (5.8) (7.2) (10.4) (22.5) (20.6) 51.5 (16.4) 1
Other Non-Cash Items 2,601 626 629 947 856 (64) (549) 608 151.3 1,126.9 98.6 89.2 106.7 61.1 33.1 41.9 (158.3) 21.4 9.9 8.8 3.4 3.9 6.7 24.2 39.4 226.5 1,003.2 68.4
Operating Cash Flow 9,409 8,323 7,344 6,554 2,820 85 4,865 5,338 4,662.0 3,924.7 3,102.2 2,914.4 2,301.4 1,785.8 1,341.8 777.3 509.7 315.6 156.0 112.1 62.6 42.0 20.0 0.8 28.1 (19.7) (63) (40.9)
Investing Activities
Capital Expenditure (322) (429) (345) (368) (304) (286) (368) (442) (287.8) (268.4) (173.9) (131.5) (84.4) (55.2) (46.8) (22.6) (15.1) (18.3) (15.9) (12.9) (11.0) (6.9) (6.6) (9.1) (9.4) (37.3) (27.4) (6.6)
Acquisitions 0 0 0 601 (1,185) (2,923) (9) (273) (1,003.1) (7.8) (140.3) (2,496.4) (331.9) (33.9) (68.2) (112.4) (1.5) (0.6) (14.6) (3.1) (135.2) (164.7) 0 0 0.2 0 0 0
Purchases of Investments 0 (33) (12) (768) (17) (74) (672) (2,686) (6,491.2) (6,741.2) (9,118.3) (10,646.9) (10,037.7) (6,356.5) (3,047.4) (1,822.6) (923.7) (196.9) (173.9) (112.0) (87.0) 0.0 (87.3) (14.9) (38.9) (5) (38.8) 0
Sales/Maturities of Investments 0 590 1,840 32 508 2,997 8,099 5,616 3,580.0 3,684.1 5,538.1 10,916.9 8,294.5 4,885.6 2,229.6 1,116.2 441.1 218.6 57.9 176.8 137.5 28.2 0 0 0.8 31.1 0 0
Other Investing Activities 9 1 3 (15) 0 2,923 7,427 2,930 (3,361) (3,112) 0.0 9.3 (2.8) (2.8) 28.1 0.3 (2.3) (154.6) (74.9) 19.9 1.2 0.1 (18.8) (0.8) (8.8) (30.5) (2) 0
Investing Cash Flow (313) 129 1,486 (518) (998) 2,637 7,050 2,215 (4,202.0) (3,333.3) (3,894.5) (2,348.5) (2,162.3) (1,562.7) (904.8) (841.1) (501.5) (151.9) (221.5) 68.8 (94.5) (143.4) (112.7) (24.8) (56.2) (41.7) (68.2) (6.6)
Financing Activities
Net Debt Issuance (1,289) 3,524 1,393 1,741 (1,053) 2,864 (25) (1,487) 1,759 995 2,251.4 2,139.6 564.4 1,000.0 (0.2) 279.6 (197.1) (176.9) 0 298.5 0 100 125 0 0 0 (1) (0.1)
Stock Repurchased (6,440) (6,509) (10,377) (6,621) (163) (1,303) (8,187) (5,971) (1,828) (1,013.5) (3,089.1) (750.4) (883.5) (257.0) (163.2) (129.4) (17.4) (4.4) (2.6) (155.7) (12.2) 0 (12.2) (11.8) (8.7) 0 0 0
Dividends Paid (1,248) (1,174) 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 47 (45) 75 (17) (23) (33) (8) 27 (10) 74.7 107.4 39.8 (84.4) (74.1) 12.4 62.8 45.6 12.5 22.1 0.3 18.7 (3.3) 6.0 3.2 0 0 0 0
Financing Cash Flow (8,915) (4,204) (8,909) (4,897) (1,239) 1,528 (8,220) (7,431) (78.7) 57.7 (730.0) 1,429.0 (403.5) 668.9 (151.0) 213.0 (169.0) (168.8) 19.4 157.3 13.2 107.2 118.8 (8.6) 51.0 14.0 210.8 101.1
Cash Position
Net Change in Cash 1,076 4,058 (116) 1,099 570 4,250 3,687 82 481.3 603.9 (1,671.4) 1,858.7 (246.4) 903.5 273.9 156.8 (162.4) (20.8) (38.2) 343.2 (20.9) 7.5 26.6 (32.8) 22.9 (47.4) 79.6 53.6
Cash at Beginning 16,193 12,135 12,251 11,152 10,582 6,332 2,645 2,563 2,082.0 1,478.1 3,148.7 1,290.0 1,536.3 632.8 359.0 202.1 364.6 385.4 423.6 80.3 101.3 93.7 67.2 99.9 77.0 124.4 53.6 0
Cash at End 17,269 16,193 12,135 12,251 11,152 10,582 6,332 2,645 2,563.3 2,082.0 1,477.3 3,148.7 1,290.0 1,536.3 632.8 359.0 202.1 364.6 385.4 423.6 80.3 101.3 93.7 67.2 99.9 77.0 133.2 53.6
Free Cash Flow 9,087 7,894 6,999 6,186 2,516 (201) 4,497 4,896 4,374.2 3,656.3 2,928.3 2,782.9 2,217.0 1,730.6 1,295.0 754.7 494.6 297.2 140.1 99.2 51.6 35.1 13.5 (8.3) 18.7 (57.0) (90.4) (47.5)
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
Income Statement
Revenue 26,917 23,739 21,365 17,090 10,958 6,796 15,066 14,527 12,681 10,743 9,224.0 8,442.0 6,793.3 5,261.0 4,355.6 3,084.9 2,338.2 1,884.8 1,409.4 1,123.1 962.7 914.4 863.7 1,003.6 1,171.8 1,235.4 482.4 35.2
Gross Profit 26,917 23,739 21,365 17,090 10,958 6,796 15,066 14,527 12,439 10,328 8,591.8 7,584.1 5,715.9 4,083.7 3,079.9 1,909.0 1,260.8 956.0 639.4 401.1 267.9 198.2 145.9 158.4 192.9 209.6 63.1 0.6
Operating Income 9,282 7,555 5,835 5,102 2,496 (631) 5,345 5,341 4,538 2,906 3,258.9 3,073.3 2,412.4 1,829.8 1,398.9 786.8 470.8 289.5 137.9 62.0 35.9 30.4 8.0 (23.3) (13.9) (57.8) (63.4) (54.8)
Net Income 5,404 5,882 4,289 3,058 1,165 59 4,865 3,998 2,341 2,135 2,551.4 2,421.8 1,892.7 1,419.6 1,056.4 527.5 489.5 182.2 155.5 74.5 192.7 31.5 11.9 (19.2) (7.3) (315.1) (1,055.1) (112.2)
EPS (Diluted) 6.62 6.91 4.70 3.05 1.13 0.06 4.47 3.33 1.87 1.71 1.98 1.83 1.44 1.11 0.83 0.41 0.40 0.15 0.14 0.07 0.17 0.03 0.01 -0.02 -0.01 -0.45 -1.88 -0.19
Balance Sheet
Cash & Equivalents 17,203 16,164 12,107 12,221 11,127 10,562 6,312 2,624 2,541.6 2,081.1 1,477.3 3,148.7 1,290.0 1,536.3 632.8 359.0 202.1 364.6 385.4 423.6 80.3 101.3 93.7 67.2 99.9 77.0 133.2 53.6
Total Assets 29,264 27,708 24,342 25,361 23,641 21,874 21,402 22,687 25,451.3 19,839.0 17,420.6 14,940.6 10,444.5 6,569.7 3,970.7 2,906.0 1,834.2 1,344.0 1,350.9 1,105.6 754.0 542.1 337.8 211.2 262.2 195.1 441.9 66.6
Total Debt 19,293 17,081 14,783 13,037 11,277 12,380 9,090 8,649 9,520.7 7,138.3 6,158.4 3,887.0 1,894.0 1,402.3 575 476.4 195.9 393.0 569.8 568.9 223.5 224.4 124.5 0 0 0 0 1
Stockholders' Equity (5,578) (4,020) (2,744) 2,782 6,178 4,893 5,933 8,785 11,263.6 9,848.7 8,795.5 8,567.0 6,918.3 3,951.6 2,574.3 1,813.3 1,321.6 730.4 579.1 348.6 369.1 199.1 149.1 131.7 146.7 (248.9) 402.6 55.3
Cash Flow
Operating Cash Flow 9,409 8,323 7,344 6,554 2,820 85 4,865 5,338 4,662.0 3,924.7 3,102.2 2,914.4 2,301.4 1,785.8 1,341.8 777.3 509.7 315.6 156.0 112.1 62.6 42.0 20.0 0.8 28.1 (19.7) (63) (40.9)
Capital Expenditure (322) (429) (345) (368) (304) (286) (368) (442) (287.8) (268.4) (173.9) (131.5) (84.4) (55.2) (46.8) (22.6) (15.1) (18.3) (15.9) (12.9) (11.0) (6.9) (6.6) (9.1) (9.4) (37.3) (27.4) (6.6)
Free Cash Flow 9,087 7,894 6,999 6,186 2,516 (201) 4,497 4,896 4,374.2 3,656.3 2,928.3 2,782.9 2,217.0 1,730.6 1,295.0 754.7 494.6 297.2 140.1 99.2 51.6 35.1 13.5 (8.3) 18.7 (57.0) (90.4) (47.5)