Brown & Brown, Inc. logo BRO - Brown & Brown, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 20
SELL 0
STRONG
SELL
0
| PRICE TARGET: $88.50 DETAILS
HIGH: $89.00
LOW: $88.00
MEDIAN: $88.50
CONSENSUS: $88.50
UPSIDE: 53.06%
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 1,901 1,669 1,606 1,249 1,385 1,089 1,186 1,154 1,237 972.4 1,066 1,036 1,108 893.2 926.4 839.1 904.3 737.9 770.1 726.1 814.3 640.1 671.4 598.2 696.5 577.0 617.4 572.9 617.5 507.6 529.8 472.1 500.3 473.4 474.6 464.7 444.6 433.1 461.7 445.7 422.3 404.1 431.9 417.2 403.8 390.1 420.6 394.7 362.0 339.4 358.2 324.1 333.8 291.9 302.3 289.9 296.5 244.1 260.4 246.8 262.2 229.9 247.6 243.7 252.3 214.2 243.8 246.4 263.6 232.1 247.0 241.7 256.7 217.2 237.3 246.6 258.5 214.7 212.0 220.8 230.6 193.2 190.6 195.9 202.4 163.0 160.4 157.9 165.6 134.9 137.9 119.1 114.9 109.7 89.9 89.4 59.4 60.9 55.8 56.2
Cost of Revenue 907 270 793 640 683 583 607 585 631 553.7 532 530 571 475.6 470.3 412.1 459 416.8 395 395.6 429.5 377.5 362.8 346.5 349.6 334.6 331.1 309.6 332.8 278.0 268.0 252.0 270.9 258.2 246.1 244.5 245.9 232.4 237.7 231.1 224.1 213.4 216.2 217.6 211.7 208.1 203.1 196.4 184.1 179.5 180.5 163.5 159.5 608.5 149.7 150.8 149.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 374.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 994 1,399 813 609 702 506 579 569 606 418.7 534 506 537 417.6 456.1 427 445.3 321.1 375.1 330.5 384.8 262.6 308.6 251.6 346.9 242.4 286.2 263.3 284.6 229.6 261.8 220.1 229.4 215.2 228.5 220.2 198.7 200.7 224.0 214.6 198.3 190.7 215.7 199.6 192.1 182.0 217.5 198.3 177.9 159.9 177.7 160.6 174.3 (316.6) 152.6 139.2 146.9 244.1 260.4 246.8 262.2 229.9 247.6 243.7 252.3 214.2 243.8 246.4 263.6 232.1 247.0 241.7 256.7 217.2 237.3 246.6 258.5 214.7 212.0 220.8 230.6 (181.8) 190.6 195.9 202.4 163.0 160.4 157.9 165.6 134.9 137.9 119.1 114.9 109.7 89.9 89.4 59.4 60.9 55.8 56.2
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 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
SG&A 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 0 0 0 0 0 0 0 0 (1.8) 4.9 6.1 6.4 0.2 5.6 6.0 7.5 7.7 7.4 3.6 3.9 (445.6) 3.9 3.7 3.7 132.2 129.7 128.6 129.3 123.9 123.5 123.2 124.1 117.2 121.3 124.3 129.2 123.7 124.0 122.3 123.1 111.5 112.0 114.0 112.3 101.0 101.7 104.6 103.1 (277.5) 94.7 94.9 91.3 82.2 79.8 76.9 77.1 67.2 66.1 60.2 55.6 54.3 46.7 46.9 31.2 33.2 30.6 28.8
Other Expenses 461 970 391 272 250 269 221 228 215 211.5 219 213 212 195.5 224.4 196.5 166 150.1 139.8 134.6 131.4 127.6 125.1 108.5 139.5 126.6 128.5 129.7 121.0 118.4 110.6 110.1 102.4 99.7 99.0 98.3 94.6 92.3 94.4 93.3 90.5 86.7 88.6 85.1 81.5 85.4 92.4 86.4 75.0 74.2 72.4 67.8 66.7 65.1 63.7 61.9 62.7 51.0 55.2 53.2 52.6 52.1 47.5 48.9 51.4 52.2 51.3 51.4 51.6 50.6 52.1 49.1 45.6 48.9 46.5 44.8 44.5 48.3 41.5 41.9 42.6 38.4 36.6 36.9 37.0 30.6 30.1 27.7 28.4 25.6 26.3 26.0 22.5 26.4 (67.3) (65.9) 13.4 (46.5) (43.5) (41.2)
Operating Expenses 461 970 391 272 250 269 221 228 215 211.5 219 213 212 195.5 224.4 196.5 166 150.1 139.8 134.6 131.4 127.6 125.1 108.5 139.5 126.6 128.5 129.7 121.0 118.4 110.6 110.1 102.4 99.7 99.0 98.3 94.6 92.3 94.4 93.3 90.5 84.9 93.5 91.2 87.9 85.6 98.0 92.4 82.5 81.9 79.9 71.4 70.5 (380.5) 67.6 65.6 66.4 183.3 185.0 181.7 182.0 176.0 171.0 172.0 175.6 169.4 172.7 175.8 180.7 174.2 176.1 171.4 168.7 160.4 158.5 158.7 156.8 149.3 143.2 146.5 145.6 (239.1) 131.3 131.8 128.3 112.8 109.9 104.7 105.5 92.8 92.4 86.2 78.1 80.6 (20.6) (19.0) 44.5 (13.3) (12.9) (12.4)
Operating Income
Operating Income 533 429 422 337 452 237 358 341 391 207.2 315 293 325 222.1 231.7 230.5 279.3 171.0 235.3 195.9 253.4 134.9 183.5 143.2 207.3 115.8 157.7 133.7 163.6 111.2 151.2 110.0 127.0 115.5 129.6 121.9 104.1 108.4 129.6 121.3 107.7 105.8 122.2 108.4 104.2 96.4 119.5 105.9 95.4 78.0 97.8 89.2 103.8 63.8 85.0 73.6 80.5 60.8 75.4 65.1 80.3 53.9 76.6 71.6 76.7 44.8 71.1 70.6 82.8 57.9 71.0 70.3 88.0 56.9 78.8 87.9 101.7 65.3 68.8 74.3 85.0 57.4 59.3 64.2 74.1 50.3 50.5 53.3 60.1 42.1 45.5 33.0 36.8 29.1 110.6 108.4 14.9 74.2 68.7 68.7
Interest Expense 0 100 100 53 48 54 50 52 50 49.7 48 50 49 47.4 43.4 37.7 19.7 22.4 17.5 18 18.1 16.6 13.2 15.8 15.3 15.9 16.3 17.8 15.2 11.9 9.0 10.7 9.7 9.4 9.4 10.6 9.7 9.9 9.9 10.5 9.9 9.8 9.9 10.4 9.9 10.0 7.3 7.6 4.1 4.3 4.1 4.5 4.0 4.0 4.0 4.6 4.1 3.4 3.6 3.6 3.6 3.6 3.6 3.6 3.6 3.7 3.6 3.6 3.6 3.6 3.9 3.7 3.4 3.4 3.4 3.4 3.6 3.3 3.2 3.3 3.5 3.6 3.6 3.7 3.5 0 2.2 0.7 0.7 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 27 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 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 656 556 529 426 539 387 424 453 468 456.6 341 356 394 291 316.2 279.1 323.9 202.1 252.7 242.6 294.3 183.3 205.5 178.1 253.0 150.7 200.2 172.9 195.9 142.5 178.4 138.0 154.2 142.2 160.7 145.6 148.4 131.5 153.9 146.6 139.4 132.2 150.1 138.2 130.4 76.5 147.4 135.2 113.4 103.1 121.9 111.1 123.8 93.3 105.6 95.4 106.1 80.1 93.0 81.7 96.9 72.1 92.6 87.4 92.5 60.6 86.9 86.4 98.6 73.1 86.6 85.0 102.4 70.8 92.4 101.1 114.3 77.8 80.8 86.1 96.6 72.6 70.3 75.1 84.0 58.6 58.5 61.0 67.0 48.8 51.9 38.7 42.1 35.2 116.5 113.5 18.2 78.1 72.3 72.1
EBIT 533 421 422 364 475 329 367 398 414 404.8 290 304 343 241.7 261.4 236.5 284.7 163.2 214 204.3 257.3 147.6 171.8 145.2 220.5 117.9 168.2 141.3 163.7 112.5 151.5 111.6 128.1 115.7 133.8 118.6 120.6 104.8 126.9 119.6 112.4 104.9 122.7 111.3 103.6 48.5 120.0 109.3 90.9 80.8 99.6 90.7 103.5 73.2 85.7 75.8 86.9 63.0 76.3 65.1 80.3 55.6 76.6 71.6 76.7 44.8 71.1 70.6 82.8 57.9 71.0 70.3 88.0 56.9 78.8 87.9 101.7 65.3 68.8 74.3 85.0 61.0 59.3 64.2 74.1 50.3 50.5 53.3 60.1 42.1 45.5 33.0 36.8 29.1 110.6 108.4 14.9 74.2 68.7 68.7
Income Before Tax 533 321 311 311 427 275 317 346 364 355.1 242 254 294 194.3 218 198.8 265 140.8 196.5 186.3 239.2 130.9 158.5 129.4 205.3 102.0 151.8 123.5 148.5 100.6 142.5 100.9 118.4 106.3 124.4 108.0 111.0 94.9 117.0 109.1 102.5 95.0 112.8 100.9 93.8 38.4 112.7 101.8 86.8 76.4 95.5 86.2 99.5 69.2 81.6 71.1 82.8 59.7 72.7 61.5 76.7 52.0 73.0 68.0 73.1 41.1 67.5 67.0 79.2 54.2 67.1 66.6 84.6 53.5 75.4 84.5 98.1 62.1 65.6 71.0 81.4 57.5 55.7 60.5 70.5 46.8 48.3 52.5 59.4 41.3 44.5 31.9 35.7 28.0 20.8 21.3 14.7 14.2 12.1 14.8
Income Tax Expense 107 53 82 77 93 64 78 87 71 86.5 66 64 58.7 49.1 56.9 53.6 44.7 39.1 50.1 47 39.5 33.6 24.5 32.6 52.9 25.5 36.3 30.9 34.6 27.2 36.4 27.0 27.6 (81.2) 48.5 41.9 40.9 37.3 45.4 42.8 40.5 37.1 45.4 39.9 36.8 14.1 44.4 40.0 34.4 29.2 37.7 34.2 39.4 26.6 32.1 28.7 33.4 23.2 28.5 24.4 30.4 19.8 28.7 26.8 29.0 17.4 26.5 26.3 31.2 20.9 26.5 26.2 32.8 20.5 29.2 32.5 38.4 24.4 25.3 26.5 31.4 21.7 20.9 23.4 27.5 16.5 18.2 20.4 23.0 15.5 16.6 9.7 13.7 10.8 8.4 8.5 5.4 5.4 4.6 5.8
Net Income 426 264 227 231 331 210 234 257 293 268.7 176 190 236 145.2 161.1 142.5 215.9 101.7 146.4 139.3 199.7 97.3 134.0 96.8 152.4 76.5 115.5 92.6 113.9 73.5 106.1 73.9 90.8 187.5 75.9 66.1 70.1 57.6 71.5 66.2 62.1 57.9 67.4 61.0 57.0 24.4 68.3 61.8 52.4 47.2 57.7 52.0 60.1 42.6 49.5 42.5 49.4 36.5 44.2 37.0 46.3 32.1 44.3 41.2 44.1 23.7 41.0 40.7 48.0 33.4 40.6 40.4 51.8 33.0 46.2 52.0 59.7 37.6 40.3 44.4 50.0 35.7 34.8 37.0 43.0 30.3 30.1 32.2 36.3 25.8 27.9 21.4 21.4 15.5 12.4 12.9 9.3 8.8 7.5 9.0
Per Share Data
EPS (Basic) 1.28 0.79 0.69 0.79 1.16 0.75 0.82 0.90 1.03 0.94 0.62 0.67 0.83 0.51 0.57 0.51 0.78 0.36 0.52 0.49 0.71 0.34 0.47 0.34 0.54 0.27 0.41 0.33 0.41 0.26 0.38 0.27 0.33 0.68 0.27 0.24 0.25 0.21 0.26 0.24 0.22 0.20 0.24 0.22 0.20 0.09 0.23 0.21 0.18 0.16 0.20 0.18 0.21 0.15 0.17 0.15 0.17 0.12 0.15 0.13 0.16 0.12 0.16 0.13 0.16 0.09 0.14 0.14 0.17 0.12 0.14 0.14 0.19 0.12 0.17 0.19 0.22 0.13 0.14 0.16 0.18 0.13 0.13 0.13 0.16 0.11 0.11 0.12 0.13 0.09 0.10 0.08 0.08 0.06 0.03 0.03 0.02 0.02 0.02 0.02
EPS (Diluted) 1.26 0.59 0.68 0.78 1.15 0.73 0.82 0.90 1.02 0.94 0.62 0.67 0.83 0.51 0.57 0.51 0.78 0.36 0.52 0.49 0.70 0.34 0.47 0.34 0.54 0.27 0.41 0.33 0.40 0.26 0.38 0.26 0.32 0.66 0.27 0.23 0.25 0.20 0.25 0.23 0.22 0.21 0.24 0.22 0.20 0.08 0.23 0.21 0.18 0.16 0.20 0.18 0.21 0.15 0.17 0.15 0.17 0.12 0.15 0.13 0.16 0.11 0.16 0.13 0.16 0.09 0.14 0.14 0.17 0.12 0.14 0.14 0.19 0.12 0.16 0.18 0.21 0.13 0.14 0.16 0.18 0.13 0.13 0.14 0.16 0.11 0.11 0.12 0.13 0.09 0.10 0.08 0.08 0.06 0.03 0.03 0.02 0.02 0.02 0.02
Shares Outstanding 333 333 331 292 283 283 282 282 281 280.4 280 279.4 278 278.0 277.8 277.2 278.6 276.6 276.2 275.7 275.6 275.9 275.5 273.1 272.8 272.6 273.0 272.6 272.7 272.7 271.0 270.1 270.2 270.8 272.7 273.4 273.5 273.1 272.9 272.0 273.9 276.8 280.1 277.1 283.0 280.0 283.6 286.1 283.2 286.1 282.3 282.5 281.6 279.4 278.9 278.2 278.0 277.6 277.4 276.8 276.7 276.3 276.2 275.4 275.2 274.8 274.6 283.0 273.9 277.9 282.1 281.4 281.4 276.3 281.2 280.8 280.4 279.3 279.3 279.0 278.8 277.0 277.0 276.6 276.6 275.8 276.0 275.2 274.7 273.3 273.1 269.1 273.3 250.3 498.8 498.1 492.3 486.5 470.1 460.0
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 1,003 1,079 1,190 8,893 669 675 957 1,107 581 700 755.7 627.9 563.5 650 579.5 2,383.5 1,694.5 693.2 944.0 850.2 678.7 817.4 1,070.2 623.2 385.8 542.2 497.5 432.5 322.5 439.0 423.0 477.9 558.2 573.4 546.5 600.3 546.7 515.6 488.7 453.9 401.8 293.0 228.8 197.1 190.0 126.4 74.0 36.4 18.4 56.9 51.1 49.8 91.2 145.0 32.6 35.3 69.4 37.0 48.4 43.8 47.7 24.0 0 0 0 0 0 0 0 0 0 0 0 31.8 29.4 30.0 37.4 28.4 31.3 33.2 29.3 23.2 0 0 29.7 26.3 22.9 21.6 8.8
Short-Term Investments 0 0 0 0 0 10 11 9 10 11 13.2 10.1 9.3 12 11.2 14.9 17.6 12.9 14.4 13.1 11.9 18.3 18.2 18.1 16.6 12.3 9.9 10.5 10.5 12.9 12.8 11.2 20.8 25.0 29.2 30.2 20.6 15.0 13.3 16.1 13.9 8.1 8.3 8.2 7.6 7.5 3.0 10.7 9.3 0.4 12.5 10.2 0.4 10.1 10.6 9.3 6.5 2.1 7.4 6.6 7.0 0.5 9.7 11.2 10.4 11.3 8.2 9.9 10.1 12.8 12.5 11.4 10.7 1.1 1.8 1.7 1.4 1.3 0.7 0.7 0.7 0.8 0 0.6 0 0 0 0 0
Net Receivables 3,150 3,600 3,408 2,652 2,666 3,538 3,914 2,305 2,130 2,040 1,815.2 1,943.5 1,832.9 2,355.3 2,370.3 1,420.1 1,358 1,279.4 1,426.1 1,301.9 1,179.4 1,142.7 1,128.0 1,126.1 1,033.7 1,001.3 1,205.4 991.2 898.5 910.2 834.9 825.5 842.3 1,024.2 2,686.2 522.1 525.5 580.6 801.5 533.0 488.1 233.6 211.9 209.5 235.5 230.8 271.6 146.7 146.4 146.7 152.4 132.8 144.2 112.4 96.7 101.0 89.9 97.0 72.1 70.8 66.9 69.1 0 0 0 69.2 0 0 0 62.1 0 0 0 62.9 49.8 60.1 54.3 56.6 49.3 46.8 55.3 56.8 47.9 55.5 57 56 48.6 45.3 41.3
Inventory 590 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 Current Assets 2,843 2,955 2,755 2,369 2,102 2,181 2,058 2,185 1,856 1,917 1,758.4 1,862.8 1,570.8 1,585.5 1,479.9 1,126.5 876.4 952.6 602.5 657.9 578.0 602.2 549.7 580.7 514.0 572.9 510.5 513.6 448.9 467.4 397.5 416.0 361.0 298.6 322.2 328.6 324.0 316.2 337.3 345.3 313.0 36.8 39.1 198.9 31.9 34.3 38.2 151.0 138.4 139.5 124.6 132.8 119.5 104.2 42.8 39.6 44.1 41.0 2.0 (0.2) (0.5) 26.4 0 0 0 41.5 0 0 0 42.7 0 0 0 7.3 7.5 5.5 6.7 6.3 6.6 5.2 4.3 6.8 0 0 3 3.5 3 2.1 1.4
Total Current Assets 8,455 8,614 8,143 14,443 5,917 6,924 7,479 6,089 5,005 5,130 4,845.2 4,894.9 4,356.1 4,996 4,850.8 5,330.4 4,308.9 3,330.3 3,398.3 3,191.8 2,793.0 2,958.2 3,163.7 2,705.0 2,283.8 2,494.8 2,606.9 2,291.5 1,994.7 2,167.3 2,013.2 2,041.2 2,074.6 2,242.2 3,916.4 1,778.9 1,697.0 1,736.1 1,974.7 1,647.3 1,496.6 709.3 626.1 613.7 617.5 532.4 611.0 334.5 303.7 343.5 330.1 317.3 332.3 362.0 182.6 185.1 209.9 177.2 129.8 121.0 121.1 120.3 9.7 11.2 10.4 121.9 8.2 9.9 10.1 117.7 12.5 11.4 10.7 103.1 88.5 97.3 99.8 92.5 87.9 85.9 89.6 87.5 47.9 56.1 89.7 85.8 74.5 69 51.5
Non-Current Assets
Property, Plant & Equipment 370 636 635 532 524 519 501 482 469 469 448.2 449.6 451.6 454.8 453.7 417.9 418.7 409 396.2 388.8 386.7 388.1 373.9 364.7 353.0 332.9 322.3 306.5 291.9 100.4 89.8 85.2 81.1 77.1 71.3 72.7 72.6 75.8 77.8 80.5 80.9 60.1 60.3 61.5 63.2 63.4 58.3 33.0 33.4 32.4 25.1 25.4 24.7 25.2 22.4 22.3 21.9 14.2 14.3 14.3 13.7 14.3 13.9 14.0 14.2 13.7 13.3 12.8 12.2 11.9 12.0 11.9 12.1 12.1 11.6 11.2 10.9 10.4 9.6 9.2 8.7 8.3 8.1 8.3 8.3 8 8.1 8.3 4.8
Goodwill 15,076 15,087 14,891 8,365 8,111 7,970 7,577 7,431 7,386 7,341 6,845.6 6,865.1 6,730.2 6,674.2 6,522.3 5,149 5,140.9 4,736.8 4,565.2 4,514.0 4,473.0 4,395.9 4,123.9 4,023.3 3,881.6 3,746.1 3,702.3 3,551.7 3,513.2 3,432.8 2,929.6 2,845.9 2,747.4 2,716.1 2,701.5 2,692.1 2,675.8 2,675.4 2,672.4 2,665.3 2,615.6 1,104.0 1,091.8 1,074.4 1,050.7 1,044.4 803.3 300.7 287.4 237.8 207.2 201.7 176.3 136.9 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 4,782 4,906 4,952 1,866 1,821 1,814 1,582 1,565 1,592 1,621 1,531.7 1,562.5 1,581.6 1,595.2 1,588 1,145.7 1,171 1,081.5 1,045.3 1,045.0 1,060.4 1,049.7 977.2 965.4 932.9 916.8 923.4 899.6 907.6 898.8 680.2 640.6 630.3 641.0 656.1 671.9 685.5 707.5 726.1 745.4 739.6 457.9 465.3 468.9 488.0 493.4 421.2 308.4 280.2 232.9 231.1 232.9 204.0 169.1 231.5 220.9 196.8 101.9 101.2 101.6 101.5 91.8 90.0 87.6 88.2 79.5 76.5 70.9 56.7 49.6 49.3 50.2 52.4 50.2 50.3 48.9 44.6 36.6 35.6 33.1 33.3 32.6 32.7 33.4 34.4 35.5 36.8 36 24.3
Long-Term Investments 0 0 0 0 0 19 21 22 21 21 24.3 27.5 25.4 22.4 24 23.7 25 31 31.3 32.6 31.7 25.0 24.7 21.6 23.3 27.4 28.1 24.9 17.5 17.4 17.2 20.1 17.6 13.9 14.1 10.9 17.2 23 26.3 23.0 20.5 0 0 0 0 0 0.7 10.4 8.9 10.8 10.6 8.3 8.6 9.6 7.2 7.8 6.1 6.5 7.0 6.3 6.6 9.9 0 0 0 11.2 0 0 0 12.8 0 0 0 12.4 0 0 0 8.5 0 0 0 10.1 0 0 0 0 0 0 0
Other Non-Current Assets 1,449 748 733 430 387 366 365 355 333 301 288 271.9 255 230.9 219.5 213.2 208.4 206.8 192.9 185.7 165.9 149.6 131.9 121.1 107.8 104.9 97.6 90.5 81.2 72.0 72.8 68.6 64.1 57.3 55.0 52.5 49.4 44.9 44.8 29.9 25.6 5.5 5.9 5.8 10.8 13.7 20.8 7.2 6.9 8.5 6.4 6.5 6.7 6.6 7.5 7.3 6.7 4.7 6.2 6.5 5.6 6.1 118.3 122.7 125.3 4.2 119.0 118.8 125.3 2.2 122.0 122.7 123.4 2.0 14.0 13.8 12.6 3.1 12.2 13.4 11.8 2.0 90.7 98.7 11.5 4 3.3 3.6 1.6
Total Non-Current Assets 21,677 21,377 21,211 11,193 10,843 10,688 10,046 9,855 9,801 9,753 9,137.8 9,176.6 9,043.8 8,977.5 8,807.5 6,949.5 6,964 6,465.1 6,230.9 6,166.1 6,117.8 6,008.2 5,631.7 5,496.1 5,298.5 5,128.0 5,073.7 4,873.2 4,811.5 4,521.4 3,789.6 3,660.3 3,540.5 3,505.4 3,497.9 3,500.1 3,500.5 3,526.6 3,547.4 3,559.6 3,496.3 1,627.6 1,623.3 1,610.5 1,612.7 1,614.9 1,304.3 659.6 617.0 522.4 481.5 476.7 422.1 350.7 271.2 259.6 232.3 128.0 128.6 128.8 127.5 122.2 222.3 224.3 227.7 108.6 208.8 202.6 194.1 76.4 183.2 184.9 187.9 76.6 75.9 73.9 68.2 58.6 57.4 55.7 53.8 53.4 131.5 140.4 54.2 47.5 48.2 47.9 30.7
Total Assets 29,700 29,991 29,354 25,636 16,760 17,612 17,525 15,944 14,806 14,883 13,983 14,071.5 13,399.9 13,973.5 13,658.3 12,279.9 11,272.9 9,795.4 9,629.2 9,357.9 8,910.8 8,966.5 8,795.4 8,201.1 7,582.3 7,622.8 7,680.7 7,164.8 6,806.3 6,688.7 5,802.8 5,701.6 5,615.1 5,747.6 7,414.3 5,279.0 5,197.4 5,287.3 5,522.0 5,206.9 4,993.0 2,336.8 2,249.4 2,224.2 2,230.2 2,147.3 1,915.4 994.1 920.6 865.9 811.6 794.0 754.3 712.7 453.9 444.7 442.1 276.7 258.5 249.8 248.6 235.2 222.3 224.3 227.7 230.5 208.8 202.6 194.1 194.1 183.2 184.9 187.9 179.7 164.3 171.2 168.0 151.1 145.3 141.6 143.4 141.0 131.5 140.4 143.9 133.3 122.7 116.9 82.2
Current Liabilities
Account Payables 873 990 849 382 481 373 329 313 322 459 380.2 329.1 342.7 286.5 276.3 279.3 230.8 242.7 1,441.0 1,616.6 1,393.3 1,389.0 1,239.7 1,401.4 1,126.0 1,114.3 1,010.1 1,078.3 937.9 944.9 816.8 913.8 821.0 749.3 716.9 810.1 748 717.2 673.1 758.8 632.4 24.7 29.4 17.4 33.4 31.8 21.1 20.2 35.4 11.3 13.1 34.5 12.3 17.2 0 0 0 5.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 92.0 79.3 88.9 88.4 74.0 75.6 72.8 79.4 78.5 0 0 9.8 8.9 12.9 10.6 8.7
Short-Term Debt 1,238 719 75 75 75 225 225 725 875 569 562.5 53.1 246.3 250.6 67.5 67.5 42.5 42.5 290 300 70 70 66.2 62.5 58.8 55 55 55 55 50 30 25 120 120 120 20 55 55.5 80.5 80.5 80.5 5.8 6.0 17.1 4.0 6.5 11.6 68.5 18.3 18.7 27.0 27.3 27.3 19.5 17.8 19.1 28.7 4.4 2.3 2.1 2.6 3.7 3.4 5.1 5.8 5.0 3.8 2.9 1.8 6.1 5.5 5.5 6.8 5.4 5.3 5.3 4.2 1.8 1.4 1.4 1.2 1.2 2.2 2.2 2.4 3.2 3 5.8 2.3
Deferred Revenue 938 1,180 887 632 542 657 625 603 488 540 530.9 487.5 399.7 492.2 430.7 408.4 362.5 459.6 551.4 476.6 473.4 534.1 514.5 459.2 461.4 521.0 501.9 437.4 408.8 480.6 452.7 411.9 389.8 434.6 430.1 389.9 371.0 392.5 445.0 394 369.1 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 0 0 0 0 0 0 0 0 0
Other Current Liabilities 4,572 5,291 4,239 3,638 3,369 4,966 4,749 3,250 2,774 3,289 2,609.4 2,839.3 2,448.4 3,474.2 3,028.2 1,723.3 1,476.1 1,855.7 220.4 42.4 26.3 295.8 107.5 45.2 33.6 293.2 309.8 77.4 51.4 265.7 98.5 88.1 146.8 498.7 2,160.3 22.5 39.2 244.9 332.0 60.9 58.1 0 0 57.0 0 0 0 23.8 25.2 22.2 20.0 15.9 34.2 18.1 9.8 9.5 9.0 13.9 7.4 6.0 5.6 7.8 0 0 0 8.4 0 0 0 6.3 0 0 0 0 0 0 0 6.1 0 0 0 0 0 0 71.3 71 61.8 56.5 45.1
Total Current Liabilities 8,316 8,294 6,890 5,257 4,930 6,314 6,525 5,391 4,880 4,956 4,590.5 4,157.6 3,812.9 4,596.6 4,238.6 2,899.9 2,438.9 2,667.4 2,889.1 2,800.9 2,241.0 2,354.4 2,240.4 2,258.3 1,890.6 2,045.4 2,148.9 1,907.1 1,647.1 1,783.0 1,632.7 1,656.7 1,634.6 1,987.5 3,631.5 1,419.5 1,337.9 1,445.2 1,701.7 1,457.7 1,283.4 504.1 455.6 479.0 552.9 506.6 543.8 367.6 322.5 301.5 306.7 318.2 297.7 268.7 216.6 214.5 214.7 188.0 127.5 127.1 129.7 127.3 3.4 5.1 5.8 118.9 3.8 2.9 1.8 102.8 5.5 5.5 6.8 97.4 84.6 94.2 92.6 81.8 77.0 74.2 80.6 79.7 2.2 2.2 83.5 83.1 77.7 72.9 56.1
Non-Current Liabilities
Long-Term Debt 6,584 6,894 7,653 7,470 3,731 3,599 3,367 3,391 3,009 3,227 3,144.6 3,762.4 3,680 3,691.5 4,040.4 4,156.3 3,497.1 1,980.4 1,755.5 1,762.3 2,009.1 2,025.9 2,042.7 1,566.4 1,483.4 1,500.3 1,513.6 1,426.8 1,440.0 1,457.0 832.4 842.0 851.5 856.1 860.7 965.4 1,005.0 1,018.4 1,031.7 1,045.0 1,058.3 250 250.0 250.2 250.3 251.4 225.4 34.3 37.5 41.1 49.2 53.3 57.6 62.2 79.4 82.8 88.0 10.7 2.8 3.7 3.9 5.1 3.3 4.3 4.6 17.4 4.8 3.8 3.8 6.3 4.0 5.2 5.5 5.3 7.5 8.7 9.1 7.0 7.5 8.2 8.1 7.4 11.6 12.7 15.2 17.3 15.8 16.9 9.3
Deferred Tax Liabilities 899 815 857 721 701 711 638 614 614 616 568.4 571.9 563.5 584 572.3 443.1 432 0 374.6 371.1 359.6 0 332.9 323.6 323.4 0 322.0 310.5 300.9 0 284.3 284.3 288.7 0 382.2 373.1 368.3 357.7 376.7 371.1 363.6 0 0 0 0 0 0 0 0 15.0 0 0 0 0 0 0 0 0 0.8 0.3 0.4 1.6 0 0 0 2.4 0 0 0 4.0 0 0 0 3.6 2.4 2.2 1.7 1.5 2.3 3.3 2.2 3.8 0 0 4.3 1.3 1.1 1.2 0.4
Other Non-Current Liabilities 1,050 1,172 1,304 385 371 362 334 331 338 326 301.9 321.1 307.5 298.9 305 311.3 383.8 770.7 330.8 313.5 303.1 314.9 304.8 295.6 228.4 230.7 204.5 170.2 160.1 132.4 114.0 87.1 69.7 321.2 56.1 62.8 70.4 81.3 87.2 80.9 89.2 143.6 138.4 9.6 113.9 107.9 73.2 26.2 24.5 10.2 9.5 5.9 5.6 5.5 8.0 7.4 8.5 5.9 6.4 6.3 6.6 7.4 118.0 122.0 127.6 7.7 123.4 120.9 114.8 4.0 96.5 101.0 105.3 6.2 6.2 6.5 6.5 6.3 6.6 6.6 5.5 6.0 76.4 87.8 4.9 4.4 3.3 3.2 2.3
Total Non-Current Liabilities 8,771 9,124 10,057 8,762 4,989 4,861 4,520 4,516 4,139 4,348 4,193.8 4,841.4 4,742 4,770.3 5,109.1 5,096.6 4,498.6 2,931.1 2,632.4 2,611.0 2,838.8 2,857.9 2,853.0 2,359.3 2,211.9 2,227.2 2,217.2 2,077.0 2,060.8 1,905.1 1,230.7 1,213.4 1,209.9 1,177.4 1,299.1 1,401.2 1,443.7 1,457.4 1,495.5 1,497.0 1,511.1 393.6 388.4 375.4 364.1 359.3 298.6 60.6 62.0 66.3 58.7 59.2 63.2 67.7 87.3 90.3 96.5 16.6 10.0 10.3 10.9 14.1 121.2 126.4 132.2 27.4 128.2 124.7 118.5 14.2 100.5 106.2 110.8 15.1 16.0 17.4 17.2 14.9 16.3 18.1 15.8 17.2 88 100.5 24.4 23 20.2 21.3 12
Total Liabilities 17,087 17,418 16,947 14,019 9,919 11,175 11,045 9,907 9,019 9,304 8,784.3 8,999 8,554.9 9,366.9 9,347.7 7,996.5 6,937.5 5,598.5 5,521.5 5,411.9 5,079.8 5,212.3 5,093.4 4,617.5 4,102.5 4,272.5 4,366.1 3,984.1 3,707.9 3,688.1 2,863.4 2,870.1 2,844.5 3,164.9 4,930.6 2,820.8 2,781.6 2,927.2 3,197.3 2,954.6 2,794.4 897.7 844.0 854.4 917.0 865.9 842.4 428.2 384.5 367.8 365.4 377.4 360.9 336.4 304.0 304.8 311.2 204.6 137.6 137.4 140.6 141.4 124.7 131.4 138.0 146.3 132.0 127.6 120.4 117.0 105.9 111.6 117.6 112.5 100.6 111.6 109.8 96.7 93.3 92.3 96.4 96.9 90.2 102.7 107.9 106.1 97.9 94.2 68.1
Stockholders' Equity
Common Stock 36 36 36 35 31 31 31 30 30 30 30.4 30.3 30.3 30.3 30.3 30.2 30.2 30.1 30.1 30.0 30.0 30.0 29.9 29.9 29.9 29.7 29.7 29.6 29.6 29.3 29.0 28.7 28.7 28.7 14.9 14.8 14.8 14.8 14.8 14.8 14.8 14.2 14.2 14.2 14.1 14.2 14.1 6.9 6.9 6.9 0 6.8 6.8 0 6.1 3.0 2.9 2.9 2.8 1.4 1.4 1.4 1.4 1.3 1.3 1.4 1.4 1.3 1.3 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0 0 0 0 0 0 0
Retained Earnings 7,358 6,989 6,781 6,604 6,416 6,128 5,961 5,764 5,544 5,289 5,056.9 4,913.7 4,755.9 4,553 4,440.4 4,308.3 4,192.1 4,000.7 3,927.9 3,807.7 3,694.5 3,520.7 3,451.9 3,342.0 3,269.4 3,140.8 3,088.2 2,995.2 2,925.2 2,833.6 2,782.5 2,697.4 2,644.2 2,456.6 2,290.0 2,233.1 2,185.9 2,134.6 2,096.0 2,041.6 1,992.5 1,151.1 1,120.9 1,087.8 1,044.9 1,014.8 828.3 375.7 348.4 316.8 273.7 249.7 223.1 205.6 140.5 133.2 125.3 116.5 114.7 108.1 103.5 96.7 91.5 86.0 83.3 77.3 72.0 69.2 67.3 69.5 68.8 65.2 62.3 58.2 55.1 51.8 49.5 46.1 43.5 40.7 39.4 36.1 33.6 30.8 29.7 26 25.1 23.4 15.2
Accumulated Other Comprehensive Income 128 210 200 262 15 (109) 125 (47) (51) (19) (127.6) (50.5) (101) (148.4) (315.5) (142.8) (12.4) (9.4) (6.5) (3.5) (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 (0.0) 0.1 4.7 3.1 4.2 3.2 1.9 2.1 2.8 3.3 3.7 2.7 2.5 3.3 2.9 3.1 4.9 0 0 0 5.5 0 0 0 0 0 0 0 0 0 0 0 4.8 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 12,589 12,547 12,386 11,594 6,821 6,437 6,464 6,026 5,778 5,579 5,198.7 5,072.5 4,845 4,606.6 4,310.6 4,283.4 4,335.4 4,196.9 4,107.6 3,946.0 3,831.0 3,754.2 3,702.0 3,583.5 3,479.8 3,350.3 3,314.5 3,180.6 3,098.4 3,000.6 2,939.4 2,831.5 2,770.6 2,582.7 2,483.6 2,458.2 2,415.8 2,360.2 2,324.8 2,252.2 2,198.5 1,439.1 1,405.4 1,369.9 1,313.2 1,281.4 1,073.0 565.9 536.1 498.0 446.2 416.6 391.6 374.0 149.9 139.9 130.9 121.9 120.9 112.4 108.0 103.0 97.6 92.8 89.7 84.2 76.8 74.9 73.8 77.1 77.3 73.3 70.3 67.3 63.7 59.6 58.1 54.4 51.9 49.3 47.0 44.0 41.3 37.7 36 27.2 24.8 22.7 14.1
Total Liabilities & Equity 29,700 29,991 29,354 25,636 16,760 17,612 17,525 15,944 14,806 14,883 13,983 14,071.5 13,399.9 13,973.5 13,658.3 12,279.9 11,272.9 9,795.4 9,629.2 9,357.9 8,910.8 8,966.5 8,795.4 8,201.1 7,582.3 7,622.8 7,680.7 7,164.8 6,806.3 6,688.7 5,802.8 5,701.6 5,615.1 5,747.6 7,414.3 5,279.0 5,197.4 5,287.3 5,522.0 5,206.9 4,993.0 2,336.8 2,249.4 2,224.2 2,230.2 2,147.3 1,915.4 994.1 920.6 865.9 811.6 794.0 754.3 712.7 453.9 444.7 442.1 324.7 258.5 249.8 248.6 244.4 222.3 224.3 227.7 230.5 208.8 202.6 194.1 194.1 183.2 184.9 187.9 179.7 164.3 171.2 168.0 151.1 145.3 141.6 143.4 141.0 131.5 140.4 143.9 133.3 122.7 116.9 82.2
Debt Metrics
Total Debt 8,060 7,918 7,971 7,731 3,992 4,060 3,773 4,296 4,062 4,020 3,886 4,001.5 4,117.3 4,183 4,299.3 4,409.7 3,725.3 2,246.3 2,217.1 2,226.4 2,246.1 2,312.4 2,281.5 1,802.6 1,718.9 1,766.6 1,745.7 1,651.3 1,654.8 1,507.0 862.4 867.0 971.5 976.1 980.7 985.4 1,060.0 1,073.9 1,112.2 1,125.5 1,138.8 255.8 256.0 267.3 254.3 258.0 237.0 102.8 55.9 59.8 76.2 80.7 84.9 81.7 97.2 101.9 116.7 15.0 5.1 5.8 6.5 8.8 6.7 9.4 10.4 22.3 8.6 6.8 5.6 12.3 9.5 10.7 12.3 10.7 12.8 14.0 13.3 8.8 8.9 9.6 9.3 8.7 13.8 14.9 17.6 20.5 18.8 22.7 11.6
Net Debt 7,057 6,839 6,781 (1,162) 3,323 3,385 2,816 3,189 3,481 3,320 3,130.3 3,373.6 3,553.8 3,533 3,719.8 2,026.2 2,030.8 1,553.1 1,273.1 1,376.1 1,567.4 1,495.0 1,211.3 1,179.4 1,333.1 1,224.4 1,248.1 1,218.8 1,332.3 1,068.0 439.4 389.0 413.3 402.8 434.2 385.1 513.3 558.2 623.5 671.6 737.0 (37.2) 27.2 70.2 64.3 131.5 163.0 66.4 37.4 2.9 25.1 30.8 (6.3) (63.3) 64.6 66.6 47.3 (22.0) (43.3) (37.9) (41.2) (15.2) 6.7 9.4 10.4 22.3 8.6 6.8 5.6 12.3 9.5 10.7 12.3 (21.1) (16.6) (16.0) (24.1) (19.6) (22.4) (23.6) (20.0) (14.3) 13.8 14.9 (12.1) (5.8) (4.1) 1.1 2.8
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 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income 427 255 230 235 334 211 238 260 293 268.7 176 190 236 145.2 161.1 145.2 220.3 101.7 146.4 139.3 199.7 97.3 134.0 96.8 152.4 76.5 115.5 92.6 113.9 73.5 106.1 73.9 90.8 187.5 75.9 66.1 70.1 57.6 71.5 66.2 62.1 0 0 43.0 32.2 36.3 25.8 26.1 27.9 30.5 21.4 20.2 21.4 20.2 15.5 13.4 12.4 9.3 10.0 7.5 9.0 7.2 6.8 5.6 7.4 6.1 6.0 4.8 6.2 5.1 5.1 4.0 5.2 4.3 4.3 3.4 4.4 7.7 2.9 4.3 3.3 3.5 2 4.5 2.6 2.5 1.7 1.2
Depreciation & Amortization 133 134 107 62 64 58 57 53 54 51.8 50 52 51 49.3 54.7 42.6 39.2 38.9 38.7 38.3 37 35.8 33.7 32.9 32.4 32.8 32.1 31.6 32.2 30.0 26.9 26.4 26.1 26.5 26.9 27.0 27.7 26.8 27 27.0 26.9 11.0 10.9 9.9 7.8 7.0 6.6 6.3 6.4 6.3 5.8 5.3 5.2 5.0 6.2 5.8 5.9 3.4 3.9 3.6 3.4 3.2 3.1 2.9 2.9 2.4 2.6 2.4 2.0 1.8 1.8 2.6 1.9 13.1 (1.9) (1.9) (1.8) 9.8 (1.7) (1.6) 1.9 1.1 4.9 (1.6) (1.7) (1.6) (2.5) (1.1)
Stock-Based Compensation 26 (76) 24 23 29 24 25 23 29 22.4 22 21 24 15.8 16.3 13.9 20.1 14.4 14 14 18.7 16.3 13.4 21.0 9.0 12.3 10.6 11.1 13.0 10.0 8.5 7.7 7.3 8.3 7.0 6.8 8.6 4.5 4.9 3.9 2.8 0.7 0.8 0.9 0.7 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (281) 105 65 (13) (204) 33 138 73 (349) 95.7 46 78 (245) 83.1 34 41.8 (174.8) 151.2 20.8 47.1 (127.2) 33.5 (82.0) 230.7 (144.1) 102.6 (19.7) 159.2 (141.3) 67.7 (56.2) 96.1 (32.4) 31.8 (66.1) 71.6 (26.3) 11.7 (30.5) 104.2 (61.4) (3.5) (14.5) 7.9 (16.0) 24.2 (11.2) 7.3 (19.4) 19.7 (5.3) (103.2) 11.4 19.1 (30.6) (2.4) (22.1) (1.5) (6.6) (19.3) 22.2 (3.6) (11.6) (8.8) 24.5 (12.9) 7.1 (6.6) 16.8 5.1 (4.9) (16.6) 25.1 (0.5) (2.0) (3.6) 9.7 (2.8) 2.1 4.2 (1.7) (7.8) 0.9 1.1 (1) 2.6 4.1 0.1
Other Non-Cash Items (123) 44 22 10 0 11 (10) (47) (13) (146.9) 25 (14) (7) (14.4) (26.1) (12.3) (16.4) 0.2 24.5 (8.1) (0.8) (12.2) 14.5 1.2 (11.0) 0.7 (8.6) (3.7) 2.5 (0.6) (7.2) (1.9) (0.2) 0.5 (9.5) 3.8 (0.1) 5.9 3.3 (1.8) (7.1) 34.5 35.5 (1.0) (0.8) (0.9) (2.3) (0.7) 4.2 0.7 1.4 72.7 (6.1) (24.1) 14.3 2.6 11.2 (1.6) 3.4 9.8 (11.6) 0.3 5.9 4.7 (11.9) 7.7 (3.6) 3.4 (8.0) (2.2) 4.1 7.9 (13.0) (9.3) 3.6 3.3 3.6 (7.7) 3.0 3.2 (0.8) 2.8 (4.1) 0.8 4.2 3.6 2.7 3.5
Operating Cash Flow 262 444 468 325 213 361 440 360 13 305.4 316 328 60 281.6 253.6 242.6 103.6 314.6 247.9 241.9 138 182.1 122.9 382.9 33.8 231.1 141.4 300.3 5.4 212.0 78.1 197.9 79.5 128.4 43.5 180.1 90.0 104.5 80.4 205.5 33.2 46.1 33.8 60.5 25.6 66.8 23.8 42.7 19.2 57.2 25.2 (5.1) 31.8 19.6 5.9 18.6 7.3 9.5 11.0 1.5 23.1 7.1 4.2 4.3 22.8 3.3 12.1 4.1 16.9 9.7 6.2 (2.1) 19.3 7.7 3.9 1.2 15.8 6.4 6.1 8.7 2.6 (0.4) 3.7 4.8 4.1 7.1 6 3.7
Investing Activities
Capital Expenditure (21) (20) 32 (15) (17) (20) (23) (26) (13) (30.5) (13) (13) (12) (20.2) (14.1) (8.3) (10) (10.4) (9.5) (13.7) (11.4) (14.9) (19.9) (19.5) (16.5) (25.8) (12.2) (12.0) (23.2) (12.7) (9.5) (9.6) (9.8) (11.3) (4.0) (5.8) (3.0) (4.6) (4.2) (4.7) (4.3) (2.6) (3.7) (3.5) (2.2) (2.3) (9.4) (2.6) (1.7) (2.3) (1.1) (2.1) (2.3) (1.8) (2.8) (1.3) (1.0) (0.9) (1.3) (1.4) (1.3) (1.6) (1.1) (0.6) (2.3) (1.5) (1.4) (0.7) (0.9) (0.6) (0.8) (0.6) (0.7) (1.1) (1.1) (1.3) (1.1) (3.2) (1.2) (0.9) (1.2) 0 (0.6) (0.9) (0.1) (0.5) (1) (0.2)
Acquisitions (17) (186) (7,508) (93) (58) (762) (18) 36 (76) (369.4) (46) (77) (32) 20.2 (1,434.7) (17) (435.8) (181.4) (60.4) (38.1) (70.2) (291.5) (102.6) (138.2) (152.9) (46.6) (140.3) (49.5) (95.0) (667.4) (112.6) (105.5) (33.4) (15.0) (11.5) (11.4) 0.6 (7.9) (5.8) (65.9) (38.1) (10.0) (13.7) (201.4) (48.0) (95.6) (11.1) (22.6) (8.3) (58.3) (70.4) (11.1) (37.2) (2.2) (14.5) (13.0) (21.2) (2.9) (3.5) (2.5) (12.6) (2.6) (4.1) (1.5) (10.1) (3.5) (3.6) (15.5) (8.0) (1.2) (0.0) (0.2) (1.6) (1.3) (2.1) (4.2) (4.7) (5.2) 0.6 (1.4) 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 (2) (3) (2) 0 (1) 0 (3) (3) (0.1) 0 0 0 (0.0) (2.6) (4.7) (5.1) (4.0) (7.1) (1.5) (1.5) (1.8) (6.5) (9.2) (0.0) (0.4) (0.0) (2.7) (6.1) (0.3) (4.5) (5.5) (0.4) (1.5) (7.9) (6.3) (10.1) (0.0) (0.0) (0.2) 0 0 0.0 (0.0) 1.5 (1.5) (0.0) (0.1) 0.0 (0.0) 0.0 (2.0) (0.9) (0.0) (0.1) (0.5) (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) (0.1) (1.0) (0.0) (0.0) 0.4 (0.6) (0.0) 0.2 (0.3) (0.5) (0.3) (0.9) (0.2) (0.1) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 5 2 3 1 7.2 0 2 4 0.1 3.7 3.6 0 1.5 2.4 2.6 4.3 3.6 3.8 2.0 1.7 0.1 3.9 2.1 2.4 0.4 1.2 9.8 6.5 4.5 2.3 2.2 0.7 2.2 7.3 1.8 7.6 0.2 0.5 0.0 (0.0) 0.7 0.1 0 0 0 0.0 3.5 (0.1) 0.1 3.1 (0.3) 2.8 0.1 (0.1) 0.2 1.3 (0.2) 0.7 0.1 0.1 0.1 0.6 0.2 0.2 (0.4) 0.2 0.6 0.2 0.5 0.2 0.2 0.2 0.3 0.0 0.3 (0.1) 0 0 2.3 0 0 0 0
Other Investing Activities 0 41 (38) 0 (4) 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 1.2 0.8 1.5 0.8 0.9 2.7 0.7 0.6 1.4 (2.2) 0.4 1.9 0.8 0 0 0.3 0 0 0 0.6 0 0 0 0.2 0 0 0 0.5 0 0 0 0.1 0.2 0.5 0.1 1.1 0.4 (0.0) 0.1 (0.7) (0.1) 0.5 (1.4) (0.1) (0.5) 0.1
Investing Cash Flow (38) (213) (7,514) (108) (79) (779) (42) 11 (88) (393.7) (59) (91) (43) 0 (1,445.1) (21.7) (445.8) (190.3) (70.1) (53.9) (82.4) (306.8) (125.8) (157.2) (169.2) (73.9) (155.2) (68.6) (115.9) (680.1) (120.9) (108.0) (42.8) (22.1) (17.8) (20.6) (2.1) (11.9) (10.6) (75.1) (44.9) (12.3) (15.7) (204.3) (48.6) (96.4) (19.4) (22.5) (7.7) (61.5) (70.1) (11.9) (39.2) (2.1) (13.3) (16.6) (20.4) (3.4) (5.0) (4.2) (12.6) (3.7) (4.5) (2.1) (12.3) (4.8) (4.6) (17.1) (8.7) (1.8) (0.3) (0.8) (2.1) (1.6) (3.0) (5.3) (5.7) (7.9) (0.4) (2.1) (1.1) (0.4) (0.7) 1.9 (1.5) (0.6) (1.5) (0.1)
Financing Activities
Net Debt Issuance 206 4,161 181 3,773 (19) 231 (525) 237 87 87.5 (109) (112) (17) (166.9) (116.9) 683.1 1,539.4 (20.6) (17.5) (17.5) (17.5) (13.8) 486.2 86.2 (13.8) (13.8) 86.2 (13.8) (8.8) 645 (5.0) (105.0) (5) (5) (5) (72.5) (14.2) (38.8) (13.8) (13.8) (6.9) (3.6) (54.7) 45.9 45.6 (4.5) (11.5) (5.3) (6.3) (4.9) (4.6) (5.8) (4.3) (9.1) (4.7) (7.6) (17.3) (0.1) (1.1) (1.6) (0.7) 0.5 (2.8) (1.2) (10.7) 11.8 (0.9) (2.9) (3.8) (0.2) (1.2) (1.2) (0.1) (2.4) (1.2) (0.5) (0.1) (1.3) (0.8) 0.4 (5.2) (1) (2.8) (2.9) 0.3 (4.8) (0.6) (2.1)
Stock Repurchased (276) (58) (1) (1) (40) (1) 0 0 (54) 0 (1) (3) (36) (0.1) (0.3) (52.4) (70.1) 49.6 (2.5) (14.6) (115.1) (6.7) (39.2) (1.0) (8.3) (28.9) (13.7) (20.0) (6.8) (80) 0 0 (11.2) (71.2) (46.2) (11.2) 0 (7.7) 0 0 (11.2) 0 0 0 0 0 0 0 0 (2.3) 0 0 0 0 0 0 0 (5.2) 0 0 0 0 0 0 (0.0) (0.4) (1.9) 0 (6.9) (4.2) (1.4) (0.3) (0.0) (0.1) 0.7 0 0 0 0 0 0 0 0 0 0 (0.5) 0 0
Dividends Paid (57) (57) (51) (43) (43) (43) (36) (37) (38) (37.1) (33) (32) (33) (32.6) (29) (29) (28.9) (28.9) (26) (26.1) (26.1) (28.5) (24.1) (24.1) (23.9) (23.9) (22.6) (22.5) (22.3) (22.3) (20.9) (20.7) (20.7) (20.9) (19.0) (18.9) (18.9) (18.9) (17.2) (17.2) (17.0) (5.6) (5.5) (5.5) (4.8) (4.8) (4.8) (3.9) (3.9) (6.8) (4.2) (1.0) (4.1) (4.3) (5.1) (2.3) (2.2) (2.1) (1.8) (1.8) (1.8) (1.8) (1.5) (1.5) (1.5) (1.5) (1.4) (1.3) (1.3) (1.2) (1.1) (1.1) (1.1) (1.1) (1.0) (1.0) (1.0) (2.1) (1.0) (1.0) (1.0) (0.8) (0.9) (0.8) (0.9) (0.8) (0.8) (0.5)
Other Financing Activities (227) 126 (302) 155 (116) 90 (155) 242 (62) 38 (78) 214 (35) 48.5 (43.2) 165.8 (142) (78.7) (55.3) 81.1 (28) (56.2) 19.6 0.2 (6.5) (2.1) 23.5 14.5 (4.3) (21.7) 6.3 (3.4) 2.5 (8.3) (9.2) (6.1) (9.9) (0.4) (3.5) (0.8) 6.5 0 0 0 0 0 0 0 0 0 (4.4) (2.5) 0 0 (0.1) 2.7 (1.0) (0.7) 1.4 0 0 (0.4) 0.1 (0.2) (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0 0.1 (0.1) 0.1 0 0.3 0.1 (0.1) 0
Financing Cash Flow (354) (138) (130) 8,199 (218) 277 (716) 442 (67) 88.4 (221) 67 (121) (151.1) (189.4) 767.5 1,298.4 (78.7) (101.3) 22.9 (186.7) (105.2) 442.6 61.4 (52.4) (68.7) 73.6 (41.8) (42.2) 521.0 (19.7) (129.1) (34.4) (105.4) (79.4) (108.7) (43.1) (65.7) (34.5) (31.7) (28.6) 0.0 (60.1) 40.7 41.0 (8.9) (16.1) (2.5) (10.1) (13.9) (8.8) (13.8) (8.3) 136.0 (10.0) (7.2) (20.5) (8.1) (1.6) (3.4) (2.5) (1.7) (4.2) (2.9) (12.2) 10.5 (3.1) (4.0) (12.0) (5.6) (2.9) (2.4) (1.2) (3.7) (1.5) (3.2) (1.1) (3.3) (1.8) (0.5) (6.0) (1.1) (3.2) (3.4) (0.1) (5.1) (1.5) (2.5)
Cash Position
Net Change in Cash (157) 91 (7,195) 8,479 (62) (199) (273) 824 (153) 32 8 320 (90) 182.4 (1,436.7) 861.4 955.9 44.4 74.9 210.3 (131.2) (229.9) 439.6 287.0 (187.8) 88.4 59.8 189.9 (152.7) 52.9 (62.5) (39.2) 2.3 0.9 (53.7) 50.8 44.8 27.0 35.4 98.7 (40.3) 33.8 (42.0) (103.1) 17.9 (38.5) (11.8) 17.6 1.3 (18.2) (53.7) (30.8) (15.7) 153.6 (16.5) (5.3) (33.6) (17.1) 6.1 (3.7) 8.0 1.7 (4.5) 0.5 (1.7) 9.8 5.3 (17.0) (3.8) 2.3 3.0 (5.2) 15.9 2.4 (0.6) (7.4) 9.0 (4.9) 3.9 6.2 0 0 0 (26.3) 0 0 0 (7.7)
Cash at Beginning 3,815 3,724 10,919 2,440 2,502 2,701 2,974 2,150 2,303 2,270.9 2,263 1,943 2,033 1,850.8 3,287.5 2,426.1 1,470.2 1,425.9 1,351 1,140.7 1,271.9 1,501.8 1,062.2 775.2 963.0 874.6 814.8 624.9 777.6 724.7 787.2 826.4 824.1 823.2 876.9 826.1 781.3 488.7 731.6 632.9 673.2 42.9 85.0 188.1 18.4 56.9 68.7 51.1 49.8 68.0 145.0 153.9 169.6 16.0 32.6 39.1 72.7 48.4 29.3 33.0 25.1 35.8 41.6 41.1 42.8 32.3 27.7 44.8 48.6 45.5 42.5 47.7 31.8 29.4 30.0 37.4 28.4 33.2 29.3 23.2 0 0 0 26.3 0 0 0 7.7
Cash at End 3,658 3,815 3,724 10,919 2,440 2,502 2,701 2,974 2,150 2,302.9 2,271 2,263 1,943 2,033.2 1,850.8 3,287.5 2,426.1 1,470.3 1,425.9 1,351 1,140.7 1,271.9 1,501.8 1,062.2 775.2 963.0 874.6 814.8 624.9 777.6 724.7 787.2 826.4 824.1 823.2 876.9 826.1 515.6 767.0 731.6 632.9 76.7 42.9 85.0 36.4 18.4 56.9 68.7 51.1 49.8 91.2 123.1 153.9 169.6 16.0 33.9 39.1 31.3 35.5 29.3 33.0 37.5 37.1 41.6 41.1 42.2 33.0 27.7 44.8 47.7 45.5 42.5 47.7 31.8 29.4 30.0 37.4 28.4 33.2 29.3 0 0 0 0 0 0 0 0
Free Cash Flow 241 424 500 310 196 341 417 334 0 274.9 303 315 48 261.4 239.5 234.3 93.6 304.2 238.4 228.2 126.6 167.2 103.0 363.4 17.4 205.3 129.2 288.4 (17.8) 199.4 68.6 188.3 69.7 117.1 39.4 174.2 87.0 99.9 76.3 200.8 29.0 43.5 30.0 57.0 23.4 64.4 14.4 40.0 17.5 54.9 24.0 (7.1) 29.5 17.8 3.1 17.3 6.2 8.6 9.7 0.1 21.8 5.5 3.1 3.7 20.5 1.8 10.7 3.4 16.0 9.1 5.4 (2.7) 18.6 6.5 2.8 (0.1) 14.7 3.2 4.9 7.8 1.4 (0.1) 3.1 3.9 4 6.6 5 3.5
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 1,901 1,669 1,606 1,249 1,385 1,089 1,186 1,154 1,237 972.4 1,066 1,036 1,108 893.2 926.4 839.1 904.3 737.9 770.1 726.1 814.3 640.1 671.4 598.2 696.5 577.0 617.4 572.9 617.5 507.6 529.8 472.1 500.3 473.4 474.6 464.7 444.6 433.1 461.7 445.7 422.3 404.1 431.9 417.2 403.8 390.1 420.6 394.7 362.0 339.4 358.2 324.1 333.8 291.9 302.3 289.9 296.5 244.1 260.4 246.8 262.2 229.9 247.6 243.7 252.3 214.2 243.8 246.4 263.6 232.1 247.0 241.7 256.7 217.2 237.3 246.6 258.5 214.7 212.0 220.8 230.6 193.2 190.6 195.9 202.4 163.0 160.4 157.9 165.6 134.9 137.9 119.1 114.9 109.7 89.9 89.4 59.4 60.9 55.8 56.2
Gross Profit 994 1,399 813 609 702 506 579 569 606 418.7 534 506 537 417.6 456.1 427 445.3 321.1 375.1 330.5 384.8 262.6 308.6 251.6 346.9 242.4 286.2 263.3 284.6 229.6 261.8 220.1 229.4 215.2 228.5 220.2 198.7 200.7 224.0 214.6 198.3 190.7 215.7 199.6 192.1 182.0 217.5 198.3 177.9 159.9 177.7 160.6 174.3 (316.6) 152.6 139.2 146.9 244.1 260.4 246.8 262.2 229.9 247.6 243.7 252.3 214.2 243.8 246.4 263.6 232.1 247.0 241.7 256.7 217.2 237.3 246.6 258.5 214.7 212.0 220.8 230.6 (181.8) 190.6 195.9 202.4 163.0 160.4 157.9 165.6 134.9 137.9 119.1 114.9 109.7 89.9 89.4 59.4 60.9 55.8 56.2
Operating Income 533 429 422 337 452 237 358 341 391 207.2 315 293 325 222.1 231.7 230.5 279.3 171.0 235.3 195.9 253.4 134.9 183.5 143.2 207.3 115.8 157.7 133.7 163.6 111.2 151.2 110.0 127.0 115.5 129.6 121.9 104.1 108.4 129.6 121.3 107.7 105.8 122.2 108.4 104.2 96.4 119.5 105.9 95.4 78.0 97.8 89.2 103.8 63.8 85.0 73.6 80.5 60.8 75.4 65.1 80.3 53.9 76.6 71.6 76.7 44.8 71.1 70.6 82.8 57.9 71.0 70.3 88.0 56.9 78.8 87.9 101.7 65.3 68.8 74.3 85.0 57.4 59.3 64.2 74.1 50.3 50.5 53.3 60.1 42.1 45.5 33.0 36.8 29.1 110.6 108.4 14.9 74.2 68.7 68.7
Net Income 426 264 227 231 331 210 234 257 293 268.7 176 190 236 145.2 161.1 142.5 215.9 101.7 146.4 139.3 199.7 97.3 134.0 96.8 152.4 76.5 115.5 92.6 113.9 73.5 106.1 73.9 90.8 187.5 75.9 66.1 70.1 57.6 71.5 66.2 62.1 57.9 67.4 61.0 57.0 24.4 68.3 61.8 52.4 47.2 57.7 52.0 60.1 42.6 49.5 42.5 49.4 36.5 44.2 37.0 46.3 32.1 44.3 41.2 44.1 23.7 41.0 40.7 48.0 33.4 40.6 40.4 51.8 33.0 46.2 52.0 59.7 37.6 40.3 44.4 50.0 35.7 34.8 37.0 43.0 30.3 30.1 32.2 36.3 25.8 27.9 21.4 21.4 15.5 12.4 12.9 9.3 8.8 7.5 9.0
EPS (Diluted) 1.26 0.59 0.68 0.78 1.15 0.73 0.82 0.90 1.02 0.94 0.62 0.67 0.83 0.51 0.57 0.51 0.78 0.36 0.52 0.49 0.70 0.34 0.47 0.34 0.54 0.27 0.41 0.33 0.40 0.26 0.38 0.26 0.32 0.66 0.27 0.23 0.25 0.20 0.25 0.23 0.22 0.21 0.24 0.22 0.20 0.08 0.23 0.21 0.18 0.16 0.20 0.18 0.21 0.15 0.17 0.15 0.17 0.12 0.15 0.13 0.16 0.11 0.16 0.13 0.16 0.09 0.14 0.14 0.17 0.12 0.14 0.14 0.19 0.12 0.16 0.18 0.21 0.13 0.14 0.16 0.18 0.13 0.13 0.14 0.16 0.11 0.11 0.12 0.13 0.09 0.10 0.08 0.08 0.06 0.03 0.03 0.02 0.02 0.02 0.02
Balance Sheet
Cash & Equivalents 1,003 1,079 1,190 8,893 669 675 957 1,107 581 700 755.7 627.9 563.5 650 579.5 2,383.5 1,694.5 693.2 944.0 850.2 678.7 817.4 1,070.2 623.2 385.8 542.2 497.5 432.5 322.5 439.0 423.0 477.9 558.2 573.4 546.5 600.3 546.7 515.6 488.7 453.9 401.8 293.0 228.8 197.1 190.0 126.4 74.0 36.4 18.4 56.9 51.1 49.8 91.2 145.0 32.6 35.3 69.4 37.0 48.4 43.8 47.7 24.0 0 0 0 0 0 0 0 0 0 0 0 31.8 29.4 30.0 37.4 28.4 31.3 33.2 29.3 23.2 0 0 29.7 26.3 22.9 21.6 8.8
Total Assets 29,700 29,991 29,354 25,636 16,760 17,612 17,525 15,944 14,806 14,883 13,983 14,071.5 13,399.9 13,973.5 13,658.3 12,279.9 11,272.9 9,795.4 9,629.2 9,357.9 8,910.8 8,966.5 8,795.4 8,201.1 7,582.3 7,622.8 7,680.7 7,164.8 6,806.3 6,688.7 5,802.8 5,701.6 5,615.1 5,747.6 7,414.3 5,279.0 5,197.4 5,287.3 5,522.0 5,206.9 4,993.0 2,336.8 2,249.4 2,224.2 2,230.2 2,147.3 1,915.4 994.1 920.6 865.9 811.6 794.0 754.3 712.7 453.9 444.7 442.1 276.7 258.5 249.8 248.6 235.2 222.3 224.3 227.7 230.5 208.8 202.6 194.1 194.1 183.2 184.9 187.9 179.7 164.3 171.2 168.0 151.1 145.3 141.6 143.4 141.0 131.5 140.4 143.9 133.3 122.7 116.9 82.2
Total Debt 8,060 7,918 7,971 7,731 3,992 4,060 3,773 4,296 4,062 4,020 3,886 4,001.5 4,117.3 4,183 4,299.3 4,409.7 3,725.3 2,246.3 2,217.1 2,226.4 2,246.1 2,312.4 2,281.5 1,802.6 1,718.9 1,766.6 1,745.7 1,651.3 1,654.8 1,507.0 862.4 867.0 971.5 976.1 980.7 985.4 1,060.0 1,073.9 1,112.2 1,125.5 1,138.8 255.8 256.0 267.3 254.3 258.0 237.0 102.8 55.9 59.8 76.2 80.7 84.9 81.7 97.2 101.9 116.7 15.0 5.1 5.8 6.5 8.8 6.7 9.4 10.4 22.3 8.6 6.8 5.6 12.3 9.5 10.7 12.3 10.7 12.8 14.0 13.3 8.8 8.9 9.6 9.3 8.7 13.8 14.9 17.6 20.5 18.8 22.7 11.6
Stockholders' Equity 12,589 12,547 12,386 11,594 6,821 6,437 6,464 6,026 5,778 5,579 5,198.7 5,072.5 4,845 4,606.6 4,310.6 4,283.4 4,335.4 4,196.9 4,107.6 3,946.0 3,831.0 3,754.2 3,702.0 3,583.5 3,479.8 3,350.3 3,314.5 3,180.6 3,098.4 3,000.6 2,939.4 2,831.5 2,770.6 2,582.7 2,483.6 2,458.2 2,415.8 2,360.2 2,324.8 2,252.2 2,198.5 1,439.1 1,405.4 1,369.9 1,313.2 1,281.4 1,073.0 565.9 536.1 498.0 446.2 416.6 391.6 374.0 149.9 139.9 130.9 121.9 120.9 112.4 108.0 103.0 97.6 92.8 89.7 84.2 76.8 74.9 73.8 77.1 77.3 73.3 70.3 67.3 63.7 59.6 58.1 54.4 51.9 49.3 47.0 44.0 41.3 37.7 36 27.2 24.8 22.7 14.1
Cash Flow
Operating Cash Flow 262 444 468 325 213 361 440 360 13 305.4 316 328 60 281.6 253.6 242.6 103.6 314.6 247.9 241.9 138 182.1 122.9 382.9 33.8 231.1 141.4 300.3 5.4 212.0 78.1 197.9 79.5 128.4 43.5 180.1 90.0 104.5 80.4 205.5 33.2 46.1 33.8 60.5 25.6 66.8 23.8 42.7 19.2 57.2 25.2 (5.1) 31.8 19.6 5.9 18.6 7.3 9.5 11.0 1.5 23.1 7.1 4.2 4.3 22.8 3.3 12.1 4.1 16.9 9.7 6.2 (2.1) 19.3 7.7 3.9 1.2 15.8 6.4 6.1 8.7 2.6 (0.4) 3.7 4.8 4.1 7.1 6 3.7
Capital Expenditure (21) (20) 32 (15) (17) (20) (23) (26) (13) (30.5) (13) (13) (12) (20.2) (14.1) (8.3) (10) (10.4) (9.5) (13.7) (11.4) (14.9) (19.9) (19.5) (16.5) (25.8) (12.2) (12.0) (23.2) (12.7) (9.5) (9.6) (9.8) (11.3) (4.0) (5.8) (3.0) (4.6) (4.2) (4.7) (4.3) (2.6) (3.7) (3.5) (2.2) (2.3) (9.4) (2.6) (1.7) (2.3) (1.1) (2.1) (2.3) (1.8) (2.8) (1.3) (1.0) (0.9) (1.3) (1.4) (1.3) (1.6) (1.1) (0.6) (2.3) (1.5) (1.4) (0.7) (0.9) (0.6) (0.8) (0.6) (0.7) (1.1) (1.1) (1.3) (1.1) (3.2) (1.2) (0.9) (1.2) 0 (0.6) (0.9) (0.1) (0.5) (1) (0.2)
Free Cash Flow 241 424 500 310 196 341 417 334 0 274.9 303 315 48 261.4 239.5 234.3 93.6 304.2 238.4 228.2 126.6 167.2 103.0 363.4 17.4 205.3 129.2 288.4 (17.8) 199.4 68.6 188.3 69.7 117.1 39.4 174.2 87.0 99.9 76.3 200.8 29.0 43.5 30.0 57.0 23.4 64.4 14.4 40.0 17.5 54.9 24.0 (7.1) 29.5 17.8 3.1 17.3 6.2 8.6 9.7 0.1 21.8 5.5 3.1 3.7 20.5 1.8 10.7 3.4 16.0 9.1 5.4 (2.7) 18.6 6.5 2.8 (0.1) 14.7 3.2 4.9 7.8 1.4 (0.1) 3.1 3.9 4 6.6 5 3.5