BRO - Brown & Brown, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$88.50
DETAILS
HIGH:
$89.00
LOW:
$88.00
MEDIAN:
$88.50
CONSENSUS:
$88.50
UPSIDE:
53.06%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 5,956 | 4,705 | 4,199 | 3,563 | 3,047.5 | 2,606.1 | 2,384.7 | 2,009.9 | 1,857.3 | 1,762.8 | 1,657.0 | 1,567.5 | 1,355.5 | 1,189.1 | 1,006.0 | 966.9 | 967.9 | 977.6 | 959.7 | 878.0 | 785.8 | 646.9 | 546.7 | 455.7 | 365.0 | 265.4 | 188.4 | 171.5 | 143.5 | 128.2 | 106.4 | 101.6 | 95.6 |
| Cost of Revenue | 734 | 2,406 | 2,187 | 1,817 | 1,636.9 | 1,436.4 | 1,308.2 | 1,068.9 | 994.7 | 925.2 | 857.0 | 811.1 | 683 | 608.5 | 508.7 | 487.8 | 0 | 0 | 0 | 0 | 374.9 | 0 | 268.4 | 0 | 0 | 0 | 0 | 0 | 0 | 28.1 | 23.0 | 22.8 | 18.5 |
| Gross Profit | 5,222 | 2,299 | 2,012 | 1,746 | 1,410.6 | 1,169.7 | 1,076.6 | 940.9 | 862.6 | 837.6 | 800.0 | 756.3 | 672.5 | 580.6 | 497.3 | 479.1 | 967.9 | 977.6 | 959.7 | 878.0 | 407.2 | 646.9 | 278.3 | 455.7 | 365.0 | 265.4 | 188.4 | 171.5 | 143.5 | 100.1 | 83.4 | 78.7 | 77.1 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.5 | 19.4 | 22.6 | 15.9 | 11.2 | 6.8 | 492.0 | 493.1 | 449.8 | 410.3 | 378.3 | 316.8 | 2.3 | 224.8 | 187.7 | 149.8 | 131.3 | 90.1 | 74.9 | 66.5 | 55.1 | 52.6 | 51.2 |
| Other Expenses | 3,527 | 932 | 856 | 783 | 555.9 | 500.8 | 505.8 | 441.5 | 391.6 | 370.5 | 343.9 | 319.8 | 281.1 | 253.3 | 211.2 | 199.9 | 206.5 | 197.3 | 184.6 | 174.3 | (226.0) | 116.0 | 100.3 | 91.7 | 81.2 | 60.2 | 12.3 | (132.2) | (111.5) | 5.2 | 28.0 | 0 | 6.9 |
| Operating Expenses | 3,527 | 932 | 856 | 783 | 555.9 | 500.8 | 505.8 | 441.5 | 391.6 | 370.5 | 359.4 | 339.2 | 303.7 | 269.2 | 222.4 | 206.8 | 698.5 | 690.4 | 634.3 | 584.6 | 152.3 | 432.8 | 102.6 | 316.4 | 268.8 | 210.1 | 143.6 | (42.1) | (36.6) | 71.7 | 83.0 | 52.6 | 58.1 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 1,695 | 1,367 | 1,156 | 963 | 854.7 | 668.9 | 570.8 | 499.4 | 471.0 | 467.0 | 440.6 | 417.2 | 368.8 | 311.4 | 274.9 | 272.3 | 269.4 | 287.2 | 325.3 | 293.4 | 258.6 | 214.1 | 175.8 | 139.3 | 96.2 | 55.3 | 44.8 | 213.6 | 180.1 | 28.3 | 0.4 | 26.2 | 19 |
| Interest Expense | 297 | 201 | 197 | 148 | 65 | 59 | 63.7 | 40.6 | 38.3 | 39.5 | 39.2 | 28.4 | 16.4 | 16.1 | 14.1 | 14.5 | 14.6 | 14.7 | 13.8 | 13.4 | 14.5 | 7.2 | 3.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 139 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 2,035 | 1,726 | 1,549 | 1,210 | 980.7 | 817.9 | 718.3 | 612.4 | 596.2 | 570.6 | 550.1 | 472.0 | 459.5 | 399.9 | 351.8 | 344.6 | 332.4 | 347.1 | 378.5 | 341.2 | 301.9 | 245.2 | 205.8 | 160.6 | 118.6 | 70.7 | 57.1 | 223.4 | 188.9 | 33.5 | 6.9 | 26.2 | 25.9 |
| EBIT | 1,668 | 1,504 | 1,343 | 1,024 | 827.8 | 683.1 | 589.6 | 503.0 | 488.0 | 463.0 | 441.8 | 368.2 | 374.0 | 320.9 | 284.7 | 280.6 | 269.4 | 287.2 | 325.3 | 293.4 | 258.6 | 214.1 | 180.1 | 139.3 | 96.2 | 55.3 | 44.8 | 213.6 | 180.1 | 28.3 | 0.4 | 26.2 | 19 |
| Income Before Tax | 1,371 | 1,303 | 1,146 | 876 | 762.8 | 624.1 | 525.9 | 462.5 | 449.7 | 423.5 | 402.6 | 339.7 | 357.6 | 304.8 | 270.5 | 266.1 | 254.8 | 272.5 | 311.5 | 280.0 | 244.1 | 206.9 | 176.5 | 134.7 | 90.5 | 54.1 | 44.0 | 38.6 | 31.0 | 27.4 | 23.3 | 20.6 | 12.9 |
| Income Tax Expense | 304 | 301 | 275.6 | 204.3 | 175.7 | 143.6 | 127.4 | 118.2 | 50.1 | 166.0 | 159.2 | 132.9 | 140.5 | 120.8 | 106.5 | 104.3 | 101.5 | 106.4 | 120.6 | 107.7 | 93.6 | 78.1 | 66.2 | 49.3 | 34.8 | 20.1 | 17.0 | 15.0 | 12.0 | 10.6 | 8.5 | 7.1 | 4.9 |
| Net Income | 1,054 | 993 | 870.5 | 671.8 | 587.1 | 480.5 | 398.5 | 344.3 | 399.6 | 257.5 | 243.3 | 206.9 | 217.1 | 184.0 | 164.0 | 161.8 | 153.3 | 166.1 | 191.0 | 172.3 | 150.6 | 128.8 | 110.3 | 83.1 | 53.9 | 32.8 | 26.8 | 23.6 | 19.0 | 16.8 | 14.8 | 13.5 | 8 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 3.40 | 3.48 | 3.07 | 2.38 | 2.08 | 1.70 | 1.42 | 1.24 | 1.43 | 0.92 | 0.86 | 0.72 | 0.75 | 0.64 | 0.57 | 0.57 | 0.54 | 0.59 | 0.68 | 0.62 | 0.55 | 0.47 | 0.41 | 0.31 | 0.22 | 0.07 | 0.08 | 0.05 | 0.06 | 0.01 | 0.01 | 0.01 | 0.00 |
| EPS (Diluted) | 3.16 | 3.46 | 3.05 | 2.37 | 2.07 | 1.69 | 1.40 | 1.22 | 1.41 | 0.91 | 0.85 | 0.71 | 0.74 | 0.63 | 0.56 | 0.56 | 0.54 | 0.59 | 0.68 | 0.61 | 0.54 | 0.47 | 0.40 | 0.31 | 0.21 | 0.07 | 0.12 | 0.05 | 0.06 | 0.01 | 0.01 | 0.01 | 0.00 |
| Shares Outstanding | 310 | 282 | 280.8 | 278.1 | 276.0 | 275.3 | 272.5 | 282.2 | 272.6 | 272.3 | 275.6 | 281.9 | 282.1 | 278.7 | 277.2 | 275.8 | 274.3 | 282.0 | 271.2 | 279.3 | 277.1 | 275.6 | 273.3 | 269.1 | 250.3 | 492.3 | 337.0 | 337.0 | 327.3 | 255.4 | 250.8 | 249.6 | 200.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 1,079 | 675 | 700 | 650 | 693.2 | 817.4 | 542.2 | 439.0 | 573.4 | 515.6 | 197.1 | 78.6 | 188.1 | 56.9 | 91.2 | 16.0 | 37.0 | 24.0 | 0 | 0 | 31.8 | 28.4 | 23.2 | 26.3 |
| Short-Term Investments | 0 | 10 | 11 | 12 | 12.9 | 18.3 | 12.3 | 12.9 | 25.0 | 15.0 | 8.2 | 7.5 | 3.2 | 0.4 | 0.4 | 0.5 | 2.1 | 0.5 | 11.3 | 12.8 | 1.1 | 1.3 | 0.8 | 0 |
| Net Receivables | 3,600 | 3,538 | 2,040 | 2,355.3 | 1,279.4 | 1,142.7 | 1,001.3 | 910.2 | 1,024.2 | 580.6 | 209.5 | 244.5 | 172.4 | 146.7 | 144.2 | 101.4 | 97.0 | 69.1 | 69.2 | 62.1 | 62.9 | 56.6 | 56.8 | 56 |
| 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 |
| Other Current Assets | 2,955 | 2,181 | 1,917 | 1,585.5 | 952.6 | 602.2 | 572.9 | 467.4 | 298.6 | 316.2 | 198.9 | 192.4 | 176.3 | 139.5 | 119.5 | 58.6 | 41.0 | 26.4 | 41.5 | 42.7 | 7.3 | 6.3 | 6.8 | 3.5 |
| Total Current Assets | 8,614 | 6,924 | 5,130 | 4,996 | 3,330.3 | 2,958.2 | 2,494.8 | 2,167.3 | 2,242.2 | 1,736.1 | 613.7 | 523.0 | 540.0 | 343.5 | 332.3 | 176.5 | 177.2 | 120.3 | 121.9 | 117.7 | 103.1 | 92.5 | 87.5 | 85.8 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 636 | 519 | 469 | 454.8 | 409 | 388.1 | 332.9 | 100.4 | 77.1 | 75.8 | 61.5 | 63.5 | 33.4 | 32.4 | 24.7 | 25.5 | 14.2 | 14.3 | 13.7 | 11.9 | 12.1 | 10.4 | 8.3 | 8 |
| Goodwill | 15,087 | 7,970 | 7,341 | 6,674.2 | 4,736.8 | 4,395.9 | 3,746.1 | 3,432.8 | 2,716.1 | 2,675.4 | 1,074.4 | 1,023.4 | 360.8 | 237.8 | 176.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4,906 | 1,814 | 1,621 | 1,595.2 | 1,081.5 | 1,049.7 | 916.8 | 898.8 | 641.0 | 707.5 | 468.9 | 495.6 | 293.0 | 232.9 | 204.0 | 268.3 | 101.9 | 91.8 | 79.5 | 49.6 | 50.2 | 36.6 | 32.6 | 35.5 |
| Long-Term Investments | 0 | 19 | 21 | 22.4 | 31 | 25.0 | 27.4 | 17.4 | 13.9 | 23.0 | 0 | 0 | 9.3 | 10.8 | 8.6 | 9.0 | 6.5 | 9.9 | 11.2 | 12.8 | 12.4 | 8.5 | 10.1 | 0 |
| Other Non-Current Assets | 748 | 366 | 301 | 230.9 | 206.8 | 149.6 | 104.9 | 72.0 | 57.3 | 44.9 | 5.8 | 14.0 | 12.9 | 8.5 | 6.7 | 7.9 | 4.7 | 6.1 | 4.2 | 2.2 | 2.0 | 3.1 | 2.0 | 4 |
| Total Non-Current Assets | 21,377 | 10,688 | 9,753 | 8,977.5 | 6,465.1 | 6,008.2 | 5,128.0 | 4,521.4 | 3,505.4 | 3,526.6 | 1,610.5 | 1,596.5 | 709.6 | 522.4 | 422.1 | 312.2 | 128.0 | 122.2 | 108.6 | 76.4 | 76.6 | 58.6 | 53.4 | 47.5 |
| Total Assets | 29,991 | 17,612 | 14,883 | 13,973.5 | 9,795.4 | 8,966.5 | 7,622.8 | 6,688.7 | 5,747.6 | 5,287.3 | 2,224.2 | 2,119.6 | 1,249.5 | 865.9 | 754.3 | 488.7 | 276.7 | 235.2 | 230.5 | 194.1 | 179.7 | 151.1 | 141.0 | 133.3 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 990 | 373 | 459 | 286.5 | 242.7 | 1,389.0 | 1,114.3 | 944.9 | 749.3 | 717.2 | 17.4 | 18.9 | 258.7 | 11.3 | 12.3 | 10.1 | 5.5 | 0 | 0 | 0 | 92.0 | 74.0 | 78.5 | 8.9 |
| Short-Term Debt | 719 | 225 | 569 | 250.6 | 42.5 | 70 | 55 | 50 | 120 | 55.5 | 17.1 | 6.2 | 16.1 | 18.7 | 27.3 | 20.9 | 4.4 | 3.7 | 5.0 | 6.1 | 5.4 | 1.8 | 1.2 | 3.2 |
| Deferred Revenue | 1,180 | 657 | 540 | 492.2 | 459.6 | 534.1 | 521.0 | 480.6 | 434.6 | 392.5 | 0 | 0 | 32.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 5,291 | 4,966 | 3,289 | 3,474.2 | 1,855.7 | 295.8 | 293.2 | 265.7 | 498.7 | 244.9 | 57.0 | 65.7 | 16.4 | 22.2 | 34.2 | 22.2 | 13.9 | 7.8 | 8.4 | 6.3 | 0 | 6.1 | 0 | 71 |
| Total Current Liabilities | 8,294 | 6,314 | 4,956 | 4,596.6 | 2,667.4 | 2,354.4 | 2,045.4 | 1,783.0 | 1,987.5 | 1,445.2 | 479.0 | 522.6 | 365.1 | 301.5 | 297.7 | 226.6 | 188.0 | 127.3 | 118.9 | 102.8 | 97.4 | 81.8 | 79.7 | 83.1 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 6,894 | 3,599 | 3,227 | 3,691.5 | 1,980.4 | 2,025.9 | 1,500.3 | 1,457.0 | 856.1 | 1,018.4 | 250.2 | 253.6 | 227.1 | 41.1 | 57.6 | 78.2 | 10.7 | 5.1 | 17.4 | 6.3 | 5.3 | 7.0 | 7.4 | 17.3 |
| Deferred Tax Liabilities | 815 | 711 | 616 | 584 | 0 | 0 | 0 | 0 | 0 | 357.7 | 115.6 | 90.1 | 0 | 15.0 | 0 | 0 | 0 | 1.6 | 2.4 | 4.0 | 3.6 | 1.5 | 3.8 | 1.3 |
| Other Non-Current Liabilities | 1,172 | 362 | 326 | 298.9 | 770.7 | 659.1 | 559.0 | 448.1 | 321.2 | 81.3 | 9.6 | 11.4 | 33.0 | 10.2 | 5.6 | 6.3 | 5.9 | 7.4 | 7.7 | 4.0 | 6.2 | 6.3 | 6.0 | 4.4 |
| Total Non-Current Liabilities | 9,124 | 4,861 | 4,348 | 4,770.3 | 2,931.1 | 2,857.9 | 2,227.2 | 1,905.1 | 1,177.4 | 1,457.4 | 375.4 | 355.2 | 260.1 | 66.3 | 63.2 | 84.5 | 16.6 | 14.1 | 27.4 | 14.2 | 15.1 | 14.9 | 17.2 | 23 |
| Total Liabilities | 17,418 | 11,175 | 9,304 | 9,366.9 | 5,598.5 | 5,212.3 | 4,272.5 | 3,688.1 | 3,164.9 | 2,927.2 | 854.4 | 877.8 | 625.2 | 367.8 | 360.9 | 311.1 | 204.6 | 141.4 | 146.3 | 117.0 | 112.5 | 96.7 | 96.9 | 106.1 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 36 | 31 | 30 | 30.3 | 30.1 | 30.0 | 29.7 | 29.3 | 28.7 | 14.8 | 14.2 | 14.2 | 6.9 | 6.9 | 6.8 | 6.3 | 2.9 | 1.4 | 1.4 | 0.9 | 0.9 | 0.9 | 0.9 | 0 |
| Retained Earnings | 6,989 | 6,128 | 5,289 | 4,553 | 4,000.7 | 3,520.7 | 3,140.8 | 2,833.6 | 2,456.6 | 2,134.6 | 1,087.8 | 977.4 | 425.7 | 316.8 | 223.1 | 153.4 | 116.5 | 96.7 | 77.3 | 69.5 | 58.2 | 46.1 | 36.1 | 26 |
| Accumulated Other Comprehensive Income | 210 | (109) | (19) | (148.4) | (9.4) | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 4.5 | 4.2 | 2.1 | 4.4 | 2.5 | 4.9 | 5.5 | 0 | 0 | 4.8 | 0 | 0 |
| Total Stockholders' Equity | 12,547 | 6,437 | 5,579 | 4,606.6 | 4,196.9 | 3,754.2 | 3,350.3 | 3,000.6 | 2,582.7 | 2,360.2 | 1,369.9 | 1,241.7 | 624.3 | 498.0 | 391.6 | 175.3 | 121.9 | 103.0 | 84.2 | 77.1 | 67.3 | 54.4 | 44.0 | 27.2 |
| Total Liabilities & Equity | 29,991 | 17,612 | 14,883 | 13,973.5 | 9,795.4 | 8,966.5 | 7,622.8 | 6,688.7 | 5,747.6 | 5,287.3 | 2,224.2 | 2,119.6 | 1,249.5 | 865.9 | 754.3 | 488.7 | 324.7 | 244.4 | 230.5 | 194.1 | 179.7 | 151.1 | 141.0 | 133.3 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 7,918 | 4,060 | 4,020 | 4,183 | 2,246.3 | 2,312.4 | 1,766.6 | 1,507.0 | 976.1 | 1,073.9 | 267.3 | 259.8 | 243.2 | 59.8 | 84.9 | 99.0 | 15.0 | 8.8 | 22.3 | 12.3 | 10.7 | 8.8 | 8.7 | 20.5 |
| Net Debt | 6,839 | 3,385 | 3,320 | 3,533 | 1,553.1 | 1,495.0 | 1,224.4 | 1,068.0 | 402.8 | 558.2 | 70.2 | 181.2 | 55.1 | 2.9 | (6.3) | 83.0 | (22.0) | (15.2) | 22.3 | 12.3 | (21.1) | (19.6) | (14.3) | (5.8) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 1,067 | 1,002 | 871 | 672 | 587.1 | 480.5 | 398.5 | 344.3 | 399.6 | 257.5 | 150.6 | 128.8 | 110.3 | 83.1 | 53.9 | 32.8 | 26.8 | 23.6 | 19.0 | 16.8 | 14.8 | 13.3 | 8 |
| Depreciation & Amortization | 367 | 222 | 206 | 186 | 152.9 | 134.8 | 128.7 | 109.4 | 108.1 | 107.7 | 43.3 | 31.1 | 25.7 | 21.3 | 22.4 | 15.4 | 12.2 | 9.8 | 8.8 | (8.1) | 6.5 | (6.3) | (6.9) |
| Stock-Based Compensation | 93 | 101 | 89 | 66 | 61 | 59.7 | 47.0 | 33.5 | 30.6 | 16.1 | 3.3 | 2.6 | 2.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (47) | (105) | (25) | (16) | (41.4) | 29.5 | 100.8 | 75.3 | 11.0 | 11.3 | 9.7 | 4.6 | (3.6) | (43.0) | (10.9) | 0.1 | 6.0 | 0.1 | 8.6 | 3.7 | 3.5 | (5.5) | 5.8 |
| Other Non-Cash Items | (23) | (59) | (143) | (70) | 15.6 | (7.5) | (9.2) | (9.9) | (5.3) | 0.3 | (2.5) | (5.8) | (0.3) | 7.5 | 4.3 | (3.3) | (4.0) | 1.1 | (4.8) | 15.1 | (1.4) | 10.4 | 13.5 |
| Operating Cash Flow | 1,450 | 1,174 | 1,010 | 881 | 808.8 | 713 | 678.2 | 567.5 | 442.0 | 411.0 | 215.1 | 170.2 | 142.7 | 70.1 | 69.9 | 42.3 | 40.6 | 34.8 | 31.5 | 28.4 | 21.2 | 10.7 | 20.9 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (68) | (82) | (69) | (52) | (45) | (70.7) | (73.1) | (41.5) | (24.2) | (17.8) | (13.4) | (10.2) | (15.9) | (7.3) | (11.0) | (5.6) | (5.1) | (4.8) | (2.9) | (4.7) | (5.3) | (2.4) | (1.8) |
| Acquisitions | (7,845) | (820) | (524) | (1,868) | (350.2) | (685.2) | (331.5) | (918.9) | (37.4) | (117.7) | (262.2) | (202.7) | (95.3) | (120.9) | (131.0) | (17.7) | (18.2) | (29.6) | (3.1) | (12.5) | (6.0) | (1.4) | 0 |
| Purchases of Investments | 0 | (7) | (7) | 0 | (12.4) | (14.2) | (17.5) | (9.3) | (10.7) | (25.9) | (0.3) | (3.1) | 0 | (5.0) | (3.0) | (0.8) | (0.1) | (1.5) | (0.3) | (0.9) | (1.2) | (0.2) | (0.1) |
| Sales/Maturities of Investments | 0 | 11 | 13 | 7 | 10.8 | 11 | 8.5 | 17.9 | 9.6 | 18.9 | 0.9 | 1.1 | 0.1 | 5.0 | 5.6 | 1.0 | 0.9 | 1.2 | 1.2 | 1.1 | 0.6 | 2.3 | 0 |
| Other Investing Activities | (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.4 | 6.3 | 0 | 4.9 | 1.6 | 1.8 | 0.7 | 0 | 0 | 1.3 | 1.5 | 1.3 | (1.8) |
| Investing Cash Flow | (7,914) | (898) | (587) | (1,913) | (396.8) | (759.1) | (413.6) | (951.8) | (62.6) | (142.4) | (272.6) | (208.5) | (111.1) | (123.3) | (137.8) | (21.2) | (21.7) | (34.7) | (5.1) | (15.7) | (10.4) | (0.3) | (3.7) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 8,096 | 30 | (151) | 1,939 | (73.1) | 545 | 50 | 530 | (96.8) | (73.1) | (16.1) | 181.4 | (28.0) | (23.7) | 56.8 | (4.0) | (16.8) | 4.2 | (0.8) | (4.5) | (1.6) | (11.9) | (7.2) |
| Stock Repurchased | (100) | (55) | (40) | (123) | (132.4) | (96.4) | (58.7) | (91.2) | (128.6) | (18.9) | 0 | 0 | (2.3) | (10.1) | 0 | (5.5) | (1.2) | (9.2) | (5.9) | (1.8) | 0 | (0.1) | 0 |
| Dividends Paid | (194) | (154) | (135) | (120) | (107.2) | (100.6) | (91.3) | (84.7) | (77.7) | (70.3) | (23.6) | (20.0) | (16.6) | (13.4) | (11.8) | (9.1) | (6.2) | (5.5) | (4.6) | (4.5) | (4.1) | (3.5) | (3) |
| Other Financing Activities | (137) | 115 | 139 | 30 | 102.6 | 7 | 20.8 | (16.3) | (33.5) | 1.8 | 0 | 0 | (2.9) | (7.1) | (0.8) | (1.9) | (1.1) | (1.4) | (0.6) | 0 | 0.1 | 0 | 0.3 |
| Financing Cash Flow | 7,713 | (64) | (187) | 1,726 | (210.1) | 355 | (79.2) | 337.8 | (336.6) | (160.5) | (30.0) | 169.5 | (42.7) | 105.2 | 46.9 | (18.8) | (23.7) | (10.8) | (11.0) | (10.1) | (5.6) | (13.7) | (9.2) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 1,313 | 199 | 270 | 563 | 198.3 | 308.9 | 185.4 | (46.5) | 42.8 | 108.1 | (87.5) | 131.2 | (11.1) | 52.0 | (21.0) | 2.3 | (4.8) | (10.6) | 15.4 | 2.6 | 5.2 | (3.4) | 7.9 |
| Cash at Beginning | 2,502 | 2,303 | 2,033 | 1,470 | 1,271.9 | 963 | 777.6 | 824.1 | 781.3 | 673.2 | 188.1 | 56.9 | 68.0 | 16.0 | 37.0 | 34.7 | 28.7 | 39.4 | 34.0 | 30.6 | 23.2 | 26.3 | 18.4 |
| Cash at End | 3,815 | 2,502 | 2,303 | 2,033 | 1,470.2 | 1,271.9 | 963.0 | 777.6 | 824.1 | 781.3 | 100.6 | 188.1 | 56.9 | 68.0 | 16.0 | 37.0 | 24.0 | 28.7 | 49.4 | 33.2 | 28.4 | 23.0 | 26.3 |
| Free Cash Flow | 1,382 | 1,092 | 941 | 829 | 763.8 | 642.3 | 605.1 | 526.0 | 417.8 | 393.3 | 201.7 | 160.1 | 126.8 | 62.8 | 58.9 | 36.7 | 35.5 | 30.0 | 28.6 | 23.7 | 15.9 | 8.3 | 19.1 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 5,956 | 4,705 | 4,199 | 3,563 | 3,047.5 | 2,606.1 | 2,384.7 | 2,009.9 | 1,857.3 | 1,762.8 | 1,657.0 | 1,567.5 | 1,355.5 | 1,189.1 | 1,006.0 | 966.9 | 967.9 | 977.6 | 959.7 | 878.0 | 785.8 | 646.9 | 546.7 | 455.7 | 365.0 | 265.4 | 188.4 | 171.5 | 143.5 | 128.2 | 106.4 | 101.6 | 95.6 |
| Gross Profit | 5,222 | 2,299 | 2,012 | 1,746 | 1,410.6 | 1,169.7 | 1,076.6 | 940.9 | 862.6 | 837.6 | 800.0 | 756.3 | 672.5 | 580.6 | 497.3 | 479.1 | 967.9 | 977.6 | 959.7 | 878.0 | 407.2 | 646.9 | 278.3 | 455.7 | 365.0 | 265.4 | 188.4 | 171.5 | 143.5 | 100.1 | 83.4 | 78.7 | 77.1 |
| Operating Income | 1,695 | 1,367 | 1,156 | 963 | 854.7 | 668.9 | 570.8 | 499.4 | 471.0 | 467.0 | 440.6 | 417.2 | 368.8 | 311.4 | 274.9 | 272.3 | 269.4 | 287.2 | 325.3 | 293.4 | 258.6 | 214.1 | 175.8 | 139.3 | 96.2 | 55.3 | 44.8 | 213.6 | 180.1 | 28.3 | 0.4 | 26.2 | 19 |
| Net Income | 1,054 | 993 | 870.5 | 671.8 | 587.1 | 480.5 | 398.5 | 344.3 | 399.6 | 257.5 | 243.3 | 206.9 | 217.1 | 184.0 | 164.0 | 161.8 | 153.3 | 166.1 | 191.0 | 172.3 | 150.6 | 128.8 | 110.3 | 83.1 | 53.9 | 32.8 | 26.8 | 23.6 | 19.0 | 16.8 | 14.8 | 13.5 | 8 |
| EPS (Diluted) | 3.16 | 3.46 | 3.05 | 2.37 | 2.07 | 1.69 | 1.40 | 1.22 | 1.41 | 0.91 | 0.85 | 0.71 | 0.74 | 0.63 | 0.56 | 0.56 | 0.54 | 0.59 | 0.68 | 0.61 | 0.54 | 0.47 | 0.40 | 0.31 | 0.21 | 0.07 | 0.12 | 0.05 | 0.06 | 0.01 | 0.01 | 0.01 | 0.00 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 1,079 | 675 | 700 | 650 | 693.2 | 817.4 | 542.2 | 439.0 | 573.4 | 515.6 | 197.1 | 78.6 | 188.1 | 56.9 | 91.2 | 16.0 | 37.0 | 24.0 | 0 | 0 | 31.8 | 28.4 | 23.2 | 26.3 | |||||||||
| Total Assets | 29,991 | 17,612 | 14,883 | 13,973.5 | 9,795.4 | 8,966.5 | 7,622.8 | 6,688.7 | 5,747.6 | 5,287.3 | 2,224.2 | 2,119.6 | 1,249.5 | 865.9 | 754.3 | 488.7 | 276.7 | 235.2 | 230.5 | 194.1 | 179.7 | 151.1 | 141.0 | 133.3 | |||||||||
| Total Debt | 7,918 | 4,060 | 4,020 | 4,183 | 2,246.3 | 2,312.4 | 1,766.6 | 1,507.0 | 976.1 | 1,073.9 | 267.3 | 259.8 | 243.2 | 59.8 | 84.9 | 99.0 | 15.0 | 8.8 | 22.3 | 12.3 | 10.7 | 8.8 | 8.7 | 20.5 | |||||||||
| Stockholders' Equity | 12,547 | 6,437 | 5,579 | 4,606.6 | 4,196.9 | 3,754.2 | 3,350.3 | 3,000.6 | 2,582.7 | 2,360.2 | 1,369.9 | 1,241.7 | 624.3 | 498.0 | 391.6 | 175.3 | 121.9 | 103.0 | 84.2 | 77.1 | 67.3 | 54.4 | 44.0 | 27.2 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,450 | 1,174 | 1,010 | 881 | 808.8 | 713 | 678.2 | 567.5 | 442.0 | 411.0 | 215.1 | 170.2 | 142.7 | 70.1 | 69.9 | 42.3 | 40.6 | 34.8 | 31.5 | 28.4 | 21.2 | 10.7 | 20.9 | ||||||||||
| Capital Expenditure | (68) | (82) | (69) | (52) | (45) | (70.7) | (73.1) | (41.5) | (24.2) | (17.8) | (13.4) | (10.2) | (15.9) | (7.3) | (11.0) | (5.6) | (5.1) | (4.8) | (2.9) | (4.7) | (5.3) | (2.4) | (1.8) | ||||||||||
| Free Cash Flow | 1,382 | 1,092 | 941 | 829 | 763.8 | 642.3 | 605.1 | 526.0 | 417.8 | 393.3 | 201.7 | 160.1 | 126.8 | 62.8 | 58.9 | 36.7 | 35.5 | 30.0 | 28.6 | 23.7 | 15.9 | 8.3 | 19.1 | ||||||||||