BXP, Inc. logo BXP - BXP, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 23
HOLD 18
SELL 1
STRONG
SELL
0
| PRICE TARGET: $67.70 DETAILS
HIGH: $80.00
LOW: $61.00
MEDIAN: $67.50
CONSENSUS: $67.70
UPSIDE: 12.29%
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 872.1 877.1 871.5 868.5 865.2 858.6 859.2 850.5 839.4 828.9 824.3 817.2 803.2 789.8 790.5 773.9 754.3 731.1 730.1 713.8 713.7 665.1 693.3 654.8 752.6 757.5 743.6 733.7 725.8 705.2 686.3 664.5 661.2 655.2 657.7 656.9 632.2 636.1 625.2 623.5 666.0 624.2 629.9 618.2 618.5 613.7 618.8 589.8 574.7 576.2 574.1 515.3 483.0 485.4 470.9 472.9 447.7 452.8 452.4 436.5 417.9 386.8 388.2 396.0 379.8 377.9 377.3 389.5 377.5 392.3 357.0 368.5 370.6 372.0 371.5 375.1 363.7 378.7 372.5 370.3 356.1 359.2 361.8 360.6 356.2 362.6 359.7 345.1 333.7 335.4 323.4 362.4 290.0 266.1 256.3 233.5 228.5 223.3 217.3 210.3
Cost of Revenue 356.9 348.9 341.4 341.4 339.9 333.7 564.3 331.3 543.2 309.8 309.2 299.2 298.0 289.9 290.2 280.3 275.1 261.8 265.2 253.4 260.5 257.4 264.3 241.8 269.8 279.4 276.8 269.5 268.8 263.5 259.3 248.5 251.3 242.0 245.8 238.9 235.4 231.8 236.7 225.9 226.8 224.5 227.9 223.0 228.9 218.6 222.8 210.0 213.2 206.1 206.9 187.2 179.7 177.7 175.8 168.5 163.6 162.2 161.0 151.2 145.7 133.0 134.2 129.4 130.3 131.9 75.7 130.1 129.3 132.3 134.0 125.6 123.6 123.6 120.4 120.0 119.6 124.8 125.5 123.0 124.1 123.9 124.9 120.6 120.9 124.0 123.1 115.2 112.7 114.4 107.9 137.4 86.9 83.6 76.9 70.3 67.3 0 0 65.2
Gross Profit 515.2 528.2 530.1 527.0 525.3 524.9 295.0 519.2 296.3 519.1 515.1 518.0 505.2 499.9 500.3 493.6 479.2 469.3 464.8 460.5 453.2 407.7 428.9 413.0 482.8 478.1 466.8 464.3 457.0 441.7 427.0 416.0 409.9 413.2 411.9 418.0 396.9 404.2 388.6 397.6 439.2 399.7 402.0 395.3 389.6 395.1 396.0 379.8 361.5 370.1 367.2 328.1 303.4 307.8 295.1 304.4 284.1 290.6 291.4 285.3 272.2 253.9 254.0 266.6 249.5 246.0 301.6 259.4 248.2 259.9 223.0 243.0 246.9 248.4 251.1 255.1 244.1 253.9 247.0 247.3 232.0 235.3 236.9 240.0 235.3 238.6 236.6 229.9 220.9 221.0 215.4 225.1 203.1 182.5 179.4 163.1 161.2 223.3 217.3 145.1
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (27.8) 0 0 27.8 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
SG&A Expenses 59.3 37.8 40.0 46.6 52.3 36.9 33.4 48.3 50.0 42.8 35.3 48.8 61.0 40.2 36.4 37.9 47.3 37.0 34.6 38.4 47.4 34.1 27.9 40.2 39.7 32.8 31.1 35.1 41.8 27.7 29.7 28.5 35.9 29.4 25.8 27.1 31.4 25.3 25.2 25.4 29.4 24.3 20.9 22.3 28.8 23.2 22.6 23.3 29.9 20.7 24.8 22.2 43.6 15.9 20.9 19.1 29.7 19.4 17.3 20.1 24.6 17.1 18.1 17.6 26.8 19.5 20.0 18.5 17.4 16.6 18.8 17.5 19.6 16.6 20.2 16.3 16.8 16.2 12.7 15.8 14.6 13.1 13.3 14.3 14.8 15.5 13.0 12.5 12.6 11.7 11.0 12.7 13.6 8.7 9.9 9.9 9.8 9.9 8.6 7.4
Other Expenses 228.1 0 236.1 223.8 0 226.0 0 219.5 0.1 212.1 207.4 202.6 208.7 198.3 190.7 183.1 177.6 177.5 179.4 183.8 176.6 168.0 166.5 178.2 171.1 169.9 165.9 177.4 164.6 165.4 158.0 156.4 165.8 154.3 152.2 151.9 159.2 178.0 203.7 153.2 159.4 164.5 153.0 167.8 154.2 162.4 157.2 154.6 154.3 151.7 154.2 134.6 120.6 121.1 110.2 111.6 109.7 109.2 109.5 111.1 109.4 84.8 80.4 88.1 77.8 51.4 78.2 86.3 78.0 69.9 81.6 74.1 202.1 69.3 74.3 74.6 71.2 70.5 71.8 99.4 67.3 65.7 65.9 80.1 68.0 75.0 66.5 60.7 62.7 54.6 51.7 66.7 43.8 38.1 43.2 34.7 35.8 100.6 96.4 32.2
Operating Expenses 287.4 37.8 276.2 270.4 52.3 262.9 33.4 267.8 50.1 254.9 242.8 251.4 269.8 238.6 227.1 221.1 224.9 214.5 214.0 222.2 224.0 202.1 194.3 218.4 210.8 202.7 197.0 212.5 206.4 193.1 187.7 184.9 201.7 183.7 178.0 179.1 190.6 205.2 228.9 178.6 188.8 188.8 174.0 190.1 183.0 185.6 179.8 177.9 184.2 175.1 179.0 156.8 164.2 136.5 132.3 130.7 139.4 128.6 126.8 131.1 134.1 101.9 98.5 99.0 109.9 70.9 155.6 104.8 123.1 86.5 100.4 91.6 221.7 85.9 94.5 90.9 88.0 86.7 84.5 115.2 82.0 78.9 79.2 94.4 82.8 90.5 79.5 73.2 75.3 66.3 62.8 79.4 57.4 46.8 53.1 44.7 45.5 110.5 105.0 39.6
Operating Income
Operating Income 227.8 490.4 254.0 256.6 473.0 262.7 261.5 251.3 246.1 264.3 272.3 266.6 235.4 261.3 273.2 272.6 254.3 254.8 250.9 238.2 229.2 205.6 234.6 194.6 272.0 275.4 269.8 251.8 250.6 236.5 238.4 230.6 208.2 229.5 233.7 238.7 206.2 197.8 157.6 218.1 250.4 210.5 227.8 204.9 206.2 208.8 214.8 201.3 176.9 195.0 187.4 170.8 130.4 170.9 162.8 173.7 144.7 162.0 164.5 154.1 138.0 437.1 56.5 70.8 47.6 87.0 67.6 75.9 46.1 102.2 54.3 86.8 148.9 94.2 86.7 90.4 82.2 95.8 88.9 53.7 75.2 81.6 82.0 67.4 73.2 74.9 79.4 81.9 71.3 78.2 77.2 74.5 78.5 73.9 70.5 70.6 64.5 112.9 112.2 50.2
Interest Expense 152.1 150.3 164.3 162.8 163.4 170.4 163.2 149.6 161.9 155.1 147.8 142.5 134.2 119.9 111.8 104.1 101.2 103.3 105.8 106.3 107.9 112.0 111.0 107.1 101.6 102.9 106.5 102.4 101.0 100.4 95.4 92.2 90.2 91.8 92.0 95.1 95.5 97.9 104.6 105.0 105.3 106.2 108.7 108.5 108.8 117.9 113.3 111.0 113.6 121.1 122.2 103.1 100.4 103.5 105.0 99.9 103.2 104.0 95.8 95.2 99.2 92.2 97.1 96.8 92.0 88.2 77.1 78.6 78.9 71.3 68.3 64.6 72.5 0 69.9 73.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 8.9 0 7.6 8.1 7.8 20.5 14.4 10.8 14.5 21.0 20.7 17.3 10.9 5.8 3.7 1.2 1.2 1.6 1.5 1.5 1.2 1.7 0 1.3 3.0 4.4 7.2 3.6 3.8 3.8 2.8 2.6 1.6 2.3 1.3 1.5 0.6 0.6 3.6 1.5 1.5 0.4 3.6 1.3 1.4 1.9 3.4 2.1 1.3 1.7 3.9 1.3 1.5 2.1 4.0 2.4 1.6 1.2 1.3 2.0 1.0 7.3 1.8 2.1 1.7 (2.3) 0 0 0.3 (16.1) 0.2 4.1 12.7 0 25.1 26.2 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 407.3 681.2 283.6 505.8 470.2 163.2 484.4 470.8 464.8 520.7 252.3 481.5 449.2 474.6 723.6 555.4 456.3 504.4 423.9 431.4 412.6 305.5 396.4 584.5 850.4 448.8 413.7 483.2 396.8 412.5 396.4 387.0 373.9 383.7 385.9 390.6 365.4 380.8 361.4 373.4 411.4 376.9 383.2 375.7 375.1 373.8 376.2 358.5 333.8 354.1 358.7 356.0 260.1 290.3 280.6 285.3 253.5 360.3 273.8 265.2 247.2 244.7 234.1 249.7 235.8 254.3 224.2 241.6 202.4 253.2 205.2 225.8 79.9 234.1 226.6 237.2 106.7 237.7 230.0 196.2 216.2 222.8 222.6 110.8 220.5 216.8 224.8 216.7 201.7 211.0 202.2 199.9 178.1 175.9 162.1 152.4 151.7 145.3 144.6 137.7
EBIT 179.3 445.1 47.5 281.9 248.4 (67.4) 261.5 251.3 246.1 308.2 44.3 278.7 239.8 275.6 532.5 371.4 278.2 326.6 245.0 247.6 236.0 136.9 229.9 405.7 678.7 278.9 247.8 305.8 232.2 285.6 245.8 252.8 306.5 223.1 239.7 258.4 211.0 262.8 163.2 222.4 253.9 191.6 232.5 209.3 222.8 203.2 222.3 206.9 181.3 199.6 204.5 606.6 138.9 224.0 169.0 197.0 158.5 251.2 164.3 164.5 147.2 151.9 153.0 168.3 152.8 175.1 146.0 154.6 125.1 173.5 129.9 151.4 148.9 162.5 155.0 162.6 35.6 167.2 158.5 128.3 149.3 156.4 156.7 144.8 152.4 148.0 158.2 155.8 144.9 154.6 151.5 145.7 134.1 135.7 125.6 117.7 115.6 112.9 112.2 105.4
Income Before Tax 133.0 294.8 (116.8) 119.1 86.9 (237.8) 108.5 106.9 106.6 153.2 (103.5) 136.2 105.6 155.7 420.7 267.2 177.0 223.3 139.2 141.2 128.1 24.9 118.1 298.6 577.1 176.0 141.4 203.5 131.2 185.2 150.4 142.3 119.9 131.3 144.8 163.2 115.4 163.0 58.5 117.4 148.6 85.4 123.8 100.7 114.1 85.3 109.0 95.9 67.8 79.4 82.9 505.9 40.9 76.6 57.8 97.5 56.4 195.9 70.5 69.7 48.2 190.3 57.7 61.4 52.7 274.5 65.8 67.2 54.0 125.2 58.5 94.0 168.9 1,324.7 255.2 0 701.4 873.6 106.8 635.0 86.1 438.3 0 169.5 75.6 284.0 0 83.3 78.4 365.3 80.8 444.4 56.4 208.0 50.7 0 64.2 112.2 112.5 0
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19.1 0 103.9 31.9 0 117.7 125.2 114.3 38.4 85.3 0 71.3 104.0 48.4 0 63.9 0 96.4 0 0 28.6 64.5 202.8 102.1 87.6 114.3 75.8 91.8 53.6 105.3 102.8 105.3 171.8 109.4 113.6 94.8 177.5 86.6 87.1 85.6 216.5 76.8 73.7 (63.2) 1,199.0 (85.8) 61.8 (698.2) 801.4 54.5 (493.5) 82.3 284.3 100.2 (19.8) 91.3 221.7 88.5 69.5 79.6 305.3 89.4 185.1 (43.8) 151.1 (43.2) 71.2 70.8 74.7 75.7 72.8
Net Income 101.6 248.5 (121.7) 89.0 61.2 (228.9) 83.6 79.6 79.9 119.9 (111.8) 104.3 77.9 121.8 361.0 223.0 143.0 184.5 108.3 111.7 100.6 10.3 92.5 269.1 500.1 143.4 110.4 166.9 100.7 151.2 121.7 131.3 178.6 106.5 120.0 136.3 99.7 148.2 79.3 99.2 184.4 140.5 186.7 82.1 173.8 177.2 130.4 79.1 56.6 91.4 155.3 455.0 48 65.4 57.8 119.1 64.6 101.3 70.5 60.2 40.8 (12.7) 57.7 61.4 52.7 53.4 65.8 67.2 44.6 (91.2) 48.5 79.5 88.5 124.2 242.4 102.3 854.3 72.6 108.0 625.7 67.7 153.9 57.6 165.5 61.2 62.3 68.5 87.1 66.0 60.3 63.2 259.3 56.4 56.9 50.7 47.2 44.8 38.2 36.5 32.6
Per Share Data
EPS (Basic) 0.64 1.57 -0.77 0.56 0.39 -1.45 0.53 0.51 0.51 0.76 -0.71 0.67 0.50 0.23 2.30 1.04 0.48 1.18 0.69 0.72 0.59 0.05 0.58 1.71 3.20 0.91 0.70 1.06 0.63 0.96 0.77 0.83 1.14 0.67 0.76 0.87 0.63 0.95 0.50 0.63 1.18 0.90 1.20 0.52 1.12 1.14 0.83 0.50 0.35 0.58 1.00 2.95 0.32 0.43 0.38 0.79 0.33 0.68 0.48 0.41 0.29 -0.09 0.41 0.44 0.38 0.38 0.47 0.54 0.37 -0.76 0.36 0.63 0.71 1.04 2.02 0.86 7.14 0.61 0.93 5.33 0.60 1.37 0.51 1.46 0.56 0.57 0.63 0.81 0.65 0.60 0.66 2.71 0.60 0.63 0.54 0.51 0.51 0.53 0.51 0.46
EPS (Diluted) 0.64 1.56 -0.77 0.56 0.39 -1.45 0.53 0.51 0.51 0.76 -0.71 0.66 0.50 0.23 2.30 1.04 0.48 1.18 0.69 0.71 0.59 0.05 0.58 1.71 3.20 0.91 0.70 1.06 0.63 0.96 0.77 0.83 1.14 0.67 0.76 0.87 0.63 0.94 0.50 0.63 1.18 0.90 1.20 0.52 1.11 1.14 0.83 0.50 0.35 0.58 1.00 2.94 0.31 0.43 0.38 0.78 0.33 0.68 0.48 0.41 0.29 -0.09 0.41 0.44 0.38 0.38 0.47 0.53 0.37 -0.75 0.35 0.62 0.70 1.04 1.99 0.84 6.99 0.61 0.91 5.23 0.59 1.37 0.50 1.43 0.55 0.57 0.62 0.79 0.64 0.60 0.64 2.71 0.59 0.63 0.53 0.50 0.51 0.52 0.50 0.45
Shares Outstanding 158.7 159.3 158.3 158.2 158.2 157.5 157.7 157.0 157.0 156.9 156.9 156.8 156.8 156.8 156.8 156.7 156.7 156.3 156.2 156.1 155.9 155.7 155.6 155.4 155.0 154.7 154.6 154.6 154.5 154.5 154.4 154.4 154.4 154.4 154.4 154.2 153.9 153.8 153.8 153.7 153.6 153.6 153.6 153.4 153.2 153.1 153.1 153.1 153.0 152.8 152.4 151.9 151.6 151.0 150.8 150.3 148.3 147.8 147.0 145.9 142.1 140.1 139.6 139.1 138.9 138.8 138.6 125.3 121.3 120.8 119.8 119.8 119.5 119.2 119.0 119.0 118.2 116.9 115.4 114.0 112.5 112.4 111.8 110.8 110.2 109.4 108.3 107.2 100.9 98.0 96.5 95.3 91.4 90.5 90.0 88.7 88.7 68.8 68.0 67.9
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
Current Assets
Cash & Cash Equivalents 512.8 1,478.2 861.1 447.0 398.1 1,254.9 1,420.5 685.4 701.7 1,531.5 882.6 1,581.6 919.0 690.3 375.8 456.5 436.3 452.7 1,002.7 557.3 697.4 1,668.7 1,714.8 1,691.0 660.7 645.0 751.2 1,087.0 360.1 543.4 322.5 472.6 294.6 434.8 493.1 492.4 302.9 356.9 419.3 1,180.0 1,605.7 1,703.4 1,220.4 1,448.9 819.2 143.8 1,894.2 227.7 182.2 22.7 158.6 384.4 55.3 28.8 161.0 165.8 241.8 281.0 12.4 6.3 18.3 12.0 50 32 34 12.2 15.5 109 391.4 17.6 26 136.7
Short-Term Investments 42.1 0 0 41.1 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 7.0 7.6 9.9 11.2 9.4 102.5 0 0 0 0 0 0 0 4.3 4.3 6.1 7.0 14.1 28.3 73.0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 90.1 1,646.8 1,782.4 109.7 1,622.8 1,682.1 99.7 1,602.9 1,589.3 1,491.3 1,468.4 1,423.5 1,396.4 1,370.8 1,319.8 1,330.1 1,299.5 1,296.9 1,265.1 1,231.0 1,196.3 1,199.9 1,187.4 1,151.5 1,149.1 1,151.6 1,105.2 1,060.9 1,046.5 1,021.5 1,024.8 976.3 962.3 953.8 915.2 908.7 885.1 891.7 861.8 861.7 841.6 368.6 372.1 363.2 78.5 339.1 43.2 11.6 15.0 18.4 21.2 23.2 20.5 48.7 0 0 24.4 26.9 40.0 32.3 34.5 28.3 0 0 0 40.8 33.2 24.8 18.9 24.5 13.2 13.2
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (107.5) (55.2) 0 0 0 0 0 0 (106.5) 0 0 0 (110.3) (68.7) (131.5) (80.9) (133.4) (86.0) (147.3) (78.0) (144.8) (94.0) (150.9) (129.7) (176.7) (144.2) (136.8) (375.7) (356.1) 0 292.3 19.4 17.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34.4 0 0
Other Current Assets 0 249.7 77.7 1,660.9 314.3 144.1 0 52.1 64.9 231.2 258.0 213.2 265.8 168.6 259.2 180.2 262.8 194.3 274.2 223.9 477.4 180.7 259.4 461.4 429.2 184.5 263.7 144.6 303.3 176.8 314.7 340.5 307.8 0 0 0 0 0 0 0 0 426.4 397.8 21.9 340.1 331.2 196.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 183.8 148.2 135.8 108.0 108.8 145.7
Total Current Assets 833.8 3,374.7 2,721.1 2,257.6 2,335.3 3,081.0 1,520.2 2,340.4 2,356.0 3,254.0 2,609.0 3,218.3 2,581.2 2,229.8 1,847.3 1,911.5 1,998.6 1,943.9 2,542.0 2,012.2 2,371.2 3,049.4 3,055.1 3,304.0 2,239.0 1,981.1 2,009.8 2,323.5 1,578.4 1,760.2 1,528.6 1,703.4 1,417.4 1,459.1 1,492.0 1,448.5 1,239.3 1,311.8 1,345.1 2,107.4 2,518.7 2,505.5 1,350.9 1,844.0 1,541.3 843.0 2,254.3 239.3 197.1 41.1 179.8 407.6 75.7 77.5 161.0 165.8 272.3 314.8 66.5 66.9 125.9 40.4 50 32 34 53.0 232.5 282 546.1 170.2 148 295.6
Non-Current Assets
Property, Plant & Equipment 20,898.7 20,381.4 0 21,262.8 20,388.2 707.7 712.7 0 0 19,896.4 19,197.4 18,960.9 18,913.2 18,774.9 405.4 405.9 406.7 17,715.6 17,700.9 17,575.4 17,451.7 17,367.9 384.4 17,254.4 17,253.3 17,367.4 386.6 337.1 338.5 16,551.6 16,644.0 16,570.0 16,437.3 16,302.1 16,161.9 15,984.5 15,840.2 15,678.4 15,545.3 15,499.0 15,312.5 9,175.8 9,112.8 9,065.9 8,960.3 8,898.1 8,315.7 8,169.5 8,075.5 7,981.8 7,632.8 7,534.8 7,847.8 7,929.8 6,615.0 6,518.1 5,668.0 5,526.1 5,228.6 5,176.5 5,346.6 5,141.7 5,064.1 4,715.8 4,635.2 4,559.8 3,226.8 2,356 1,969.8 1,502.3 1,147.9 814.4
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 830.9 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 854.7 1,043.9 1,043.4 1,161.0 1,176.0 1,133.3 1,461.1 1,455.7 1,437.0 1,418.3 1,569.6 1,814.4 1,784.7 1,748.2 1,623.9 1,586.5 1,554.7 1,526.6 1,415.0 1,347.1 1,346.7 1,349.9 1,412.2 1,372.6 1,405.4 992.4 967.6 970.2 1,008.6 984.5 956.8 712.6 696.1 649.1 639.8 846.1 819.7 799.0 798.7 274.4 257.0 794.6 798.2 763.6 772.3 781.3 102.5 84.0 83.6 88.8 93.9 101.8 101.9 101.8 90.2 94.2 92.5 89.9 73.1 69.5 36.5 36.4 0 0 0 46.8 0 0 0 3.1 0 0
Other Non-Current Assets 1,684.1 1,366.2 22,235.0 939.7 1,537.0 21,163.0 21,114.9 21,678.4 21,733.0 1,457.5 1,363.1 1,348.0 1,346.3 1,454.8 19,850.1 19,362.6 18,515.7 1,179.2 1,190.8 1,124.4 1,044.0 1,091.0 18,107.5 1,069.9 932.0 944.0 17,924.5 17,637.4 17,576.1 960.2 1,008.1 975.2 1,033.1 961.9 1,014.9 1,002.7 1,067.4 1,060.6 1,100.8 1,083.2 1,087.7 311.8 989.5 675.2 306.7 349.6 313.1 (8,253.5) (8,159.1) 439.4 (7,726.7) (7,636.6) 401.8 (8,031.6) (6,705.1) (6,612.3) (5,760.5) (5,615.9) (5,301.7) (5,246.0) (5,383.1) (5,178.1) (5,064.1) (4,715.8) (4,635.2) (4,606.6) 0 (0.1) 0 (3.1) (0.3) 0
Total Non-Current Assets 24,268.4 22,791.5 23,278.4 23,363.6 23,101.3 23,004.0 23,288.7 23,134.1 23,170.0 22,772.1 22,130.1 22,123.4 22,044.3 21,977.9 21,879.4 21,354.9 20,477.1 20,421.4 20,306.8 20,046.9 19,842.4 19,808.8 19,904.1 19,696.8 19,590.7 19,303.8 19,278.8 18,944.7 18,923.2 18,496.3 18,608.9 18,257.8 18,166.5 17,913.1 17,816.5 17,833.3 17,727.3 17,538.0 17,444.8 16,856.6 16,657.2 10,282.2 10,900.4 10,504.7 10,039.3 10,029.0 8,731.3 8,253.5 8,159.1 8,510.0 7,726.7 7,636.6 8,351.5 8,031.6 6,705.1 6,612.3 5,760.5 5,615.9 5,301.7 5,246.0 5,383.1 5,178.1 5,064.1 4,715.8 4,635.2 4,606.6 3,226.8 2,355.9 1,969.8 1,502.3 1,147.6 814.4
Total Assets 25,102.2 26,166.2 25,999.5 25,621.2 25,436.5 26,085.0 26,405.5 25,474.4 25,526.0 26,026.1 24,739.1 25,341.7 24,625.4 24,207.7 23,726.7 23,266.4 22,475.6 22,365.3 22,848.8 22,059.1 22,213.6 22,858.2 22,959.2 23,000.8 21,829.7 21,284.9 21,288.6 21,268.3 20,501.6 20,256.5 20,137.5 19,961.2 19,583.9 19,372.2 19,308.5 19,281.8 18,966.6 18,849.8 18,789.9 18,964.0 19,175.8 12,787.7 12,251.3 12,348.7 11,580.7 10,871.9 10,985.6 8,982.3 8,837.0 8,551.1 8,276.2 8,408.8 8,427.2 8,481.3 7,193.5 7,093.3 6,310.1 6,226.5 5,611.1 5,539.1 5,716.3 5,434.8 5,354.8 5,018.8 4,935.7 5,235.1 3,459.3 2,637.9 2,515.9 1,672.5 1,295.6 1,110
Current Liabilities
Account Payables 418.4 480.0 484.8 480.2 398.8 401.9 444.3 372.5 374.7 458.3 462.2 434.6 397.8 417.5 360.6 342.5 304.6 320.8 331.7 306.0 260.9 336.3 346.0 328.3 293.8 377.6 421.3 418.4 328.9 276.6 315.5 327.1 355.0 331.5 325.4 303.6 313.7 298.5 313.0 287.5 252.7 177 189.6 220.1 223.9 200.3 37.6 0.4 20.8 7.5 0 0 0 0 0 61.2 58.5 57.3 (1.7) (5.9) 5.9 25.2 0 0 0 9.7 41.5 62.1 37.8 7.9 16.1 30
Short-Term Debt 750 750 750 1,715 1,296.2 500 500 500 0 1,198.3 1,197.2 1,196.0 1,200 730 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 170 0 115 45 0 0 105 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 195 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 (2.6) 0 (307.1) 0 (376.7) (211.8) 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
Other Current Liabilities 248.1 123.8 0 (607.3) 172.7 (71.3) 0 0 0 171.2 171.9 171.5 171.4 170.6 340 165 255 169.9 169.7 169.7 171.0 171.1 171.1 171.1 171.0 170.7 165.4 165.4 165.4 0 0 139.3 0 0 0 2.6 0 0 0 489.8 324.9 0 0 0 126.6 133.7 294.5 (142.1) (152.0) (143.0) (105.4) (100.9) (99.0) (87.5) (87.4) (151.6) 898.4 929.8 1,131.5 1,148.0 1,259.7 1,237.2 1,247.4 1,054.2 1,137 1,575.5 31.1 20.7 24 34.1 17.3 13.1
Total Current Liabilities 1,416.5 1,479.1 1,478.2 1,708.9 1,988.0 1,202.5 1,237.8 1,156.8 666.4 2,061.8 1,959.8 1,913.2 1,883.6 1,453.7 963.4 775.2 821.3 613.8 588.8 583.1 508.6 644.6 605.9 594.6 547.2 638.3 669.9 673.1 583.4 531.0 743.4 563.2 705.4 599.2 555.0 519.2 815.9 672.8 660.6 622.7 587.4 338.4 339.6 376.7 497.4 481.8 474.9 0.4 20.8 7.5 (34.7) (17.8) (7.4) 1,102 1,099 1,076 1,037 1,064 1,197 1,208 1,322 1,321 1,257 1,062 1,149 1,633 267.6 82.8 61.8 64.5 33.4 43.1
Non-Current Liabilities
Long-Term Debt 14,864.0 15,859.5 15,854.7 14,875.3 14,375.5 15,720.5 15,715.2 14,867.5 15,362.3 14,658.0 13,764.5 14,260.2 13,509.4 13,510.3 13,832.9 13,652.8 13,010.1 12,896.6 13,378.4 12,536.1 12,536.3 13,047.8 13,048.2 13,048.6 12,061.2 11,811.8 11,838.7 11,846.2 11,005.6 11,007.8 10,889.1 10,721.9 10,335.6 9,964.4 10,234.6 10,236.6 9,580.1 8,183.2 9,855.3 9,934.1 10,160.4 7,229.3 6,674.9 6,719.8 5,957.7 6,112.8 4,116.2 4,994.7 4,910.8 5,004.7 4,819.3 4,980.1 5,147.2 4,466.7 4,245.4 4,177.7 3,450.3 3,414.9 3,453.1 3,395.1 3,530.4 3,321.6 3,277.8 2,941.5 3,010.8 3,088.7 1,752.4 1,327.6 1,336.6 1,332.3 985.6 807.3
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 740.3 393.6 406.8 416.8 459.1 182.0 407.4 398.5 418.0 454.3 386.8 425.1 470.9 457.5 77.3 236.4 141.3 401.0 379.2 380.0 407.6 419.0 369.9 379.3 372.7 396.4 356.3 356.0 369.6 503.7 299.1 462.9 358.9 706.2 419.2 450.1 648.2 1,756.7 414.7 132.3 498.3 151.1 171.4 183.2 55.7 55.7 539.5 (4,994.7) (4,910.8) (5,004.7) (4,819.3) (4,980.1) (5,147.2) (4,466.7) (4,245.4) (4,177.7) (3,450.3) (3,414.9) (3,453.1) (3,395.1) (3,530.4) (3,321.6) (3,277.8) (2,941.5) (3,010.8) (3,088.7) 0.1 0 0.1 0.1 (0.1) 0
Total Non-Current Liabilities 15,961.3 17,002.3 17,004.5 16,057.9 15,598.7 16,934.9 16,857.8 16,027.4 16,573.9 15,780.3 14,745.8 15,142.0 14,435.3 14,390.2 14,363.2 14,340.6 13,601.6 13,718.2 14,205.2 13,386.0 13,383.7 13,874.0 13,852.7 13,859.0 12,861.6 12,632.4 12,615.9 12,574.5 11,747.9 11,511.5 11,188.1 11,184.7 10,694.5 10,670.6 10,653.8 10,689.2 10,228.3 10,247.0 10,270.0 10,443.0 10,658.7 7,380.4 6,846.3 6,903.0 6,013.3 6,168.5 4,655.6 4,994.7 4,910.8 5,004.7 4,819.3 4,980.1 5,041.5 5,423 4,245 4,178 3,450 3,415 3,218 3,157 3,186 2,956 2,944 2,800 2,759 2,654 1,752.5 1,327.6 1,336.7 1,332.3 985.5 807.3
Total Liabilities 17,383.9 18,481.5 18,482.7 17,766.8 17,586.7 18,137.3 18,123.2 17,184.2 17,240.3 17,842.2 16,705.6 17,055.1 16,318.9 15,843.9 15,326.6 15,115.8 14,422.9 14,332.0 14,794.1 13,969.1 13,892.2 14,518.6 14,458.6 14,453.6 13,408.8 13,270.7 13,285.7 13,247.6 12,331.3 12,042.5 11,931.5 11,747.9 11,399.8 11,269.8 11,208.8 11,208.4 11,044.2 10,919.7 10,930.6 11,065.7 11,246.0 7,718.8 7,185.9 7,279.6 6,510.8 6,650.3 5,884.1 5,322.1 5,237.7 5,320.8 5,085.1 5,239.7 5,423.0 5,720.8 4,596.9 4,501.6 3,765.7 3,701.0 3,740.7 3,667.4 3,799.4 3,595.2 3,419.9 3,079.7 3,140.2 3,207.4 2,020.1 1,410.4 1,398.5 1,396.8 1,018.9 850.4
Stockholders' Equity
Common Stock 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 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 1.5 1.5 1.5 1.4 1.4 1.4 1.4 1.2 1.2 1.1 1.1 1.0 1.0 1.0 1.0 1.0 0.9 0.9 0.9 0.9 0.7 0.7 0.7 0.7 0 0 0 0.6 0 0 0 0.4 0 0
Retained Earnings (1,684.5) 0 (1,812.4) (1,579.8) (1,513.6) (1,419.6) (1,035.7) (964.5) (890.2) 0 0 0 0 0 (359.5) (567.0) (636.4) 0 0 0 0 0 (364.7) 0 0 0 (749.7) (710.6) (728.1) (675.5) (677.3) (649.7) (654.9) (712.3) (692.7) (694.3) (712.3) (695.4) (725.5) (702.4) (699.0) 70.4 78.6 95.4 115.0 117.1 1,066.0 336.7 319.9 320.9 327.2 325.1 198.6 (2.5) (20.3) (19.2) (15.8) (13.9) (11.9) (11.7) (10.5) (10.9) 0 (11.6) (16.8) (7.9) 26.6 27 21.9 2.3 22.8 9.1
Accumulated Other Comprehensive Income (6.1) (1,687.9) (14.8) (15.1) 8.9 (2.1) 10.7 (0.2) (3.6) (837.3) (779.4) (520.0) (485.4) (405.1) (16.0) (27.1) (28.5) (662.6) (697.8) (655.4) (616.1) (559.5) (52.6) (357.4) (472.4) (808.9) (52.0) (51.3) (48.7) (47.7) (45.1) (47.7) (49.1) (50.4) (51.8) (53.2) (51.0) (52.3) (73.9) (79.7) (56.7) (20.2) (21.1) (21.8) (28.5) (29.2) (6.3) (16.0) (16.2) (16.3) (16.7) (16.8) (17.0) (13.6) (13.9) (13.9) (19.4) (11.7) (4.7) 9.5 58.6 (470.6) 0 0 0 (357.4) (335.8) (319.4) (306.3) (294.2) (285.5) (276.9)
Total Stockholders' Equity 5,152.1 5,147.2 5,007.6 5,258.8 5,319.9 5,413.3 5,759.2 5,810.8 5,857.7 5,876.7 5,788.1 6,040.1 6,062.8 6,132.9 6,155.6 5,929.7 5,843.6 5,834.0 5,716.8 5,749.3 5,975.6 5,996.1 6,129.6 6,182.1 6,047.9 5,684.7 5,669.9 5,715.9 5,836.6 5,883.2 5,876.6 5,892.8 5,879.0 5,814.0 5,825.2 5,814.4 5,775.5 5,784.6 5,725.9 5,732.9 5,749.8 4,443.4 4,437.2 4,446.0 4,444.1 3,647.2 4,347.9 2,856.0 2,747.4 2,400.2 2,334.0 2,308.8 2,159.6 1,956.3 1,749.4 1,739.8 1,722.9 1,647.7 1,096.1 1,074.2 1,108.1 1,057.6 1,154 1,157.1 1,027.4 948.5 977.2 874.7 860.4 175.0 195.5 183.4
Total Liabilities & Equity 25,102.2 26,166.2 25,999.5 25,621.2 25,436.5 26,085.0 26,405.5 25,474.4 25,526.0 26,026.1 24,739.1 25,341.7 24,625.4 24,207.7 23,726.7 23,266.4 22,475.6 22,365.3 22,848.8 22,059.1 22,213.6 22,858.2 22,959.2 23,000.8 21,829.7 21,284.9 21,288.6 21,268.3 20,501.6 20,256.5 20,137.5 19,961.2 19,583.9 19,372.2 19,308.5 19,281.8 18,966.6 18,849.8 18,789.9 18,964.0 19,175.8 12,787.7 12,251.3 12,348.7 11,580.7 10,871.9 10,985.6 8,982.3 8,837.0 8,551.1 8,276.2 8,408.8 8,427.2 8,481.3 7,193.5 7,093.3 6,310.1 6,226.5 5,611.1 5,539.1 5,716.3 5,434.8 5,354.8 5,018.8 4,935.7 5,235.1 3,459.3 2,637.9 2,515.9 1,672.5 1,295.6 1,110
Debt Metrics
Total Debt 15,971.0 17,358.7 17,347.7 17,340.3 16,435.7 17,324.2 16,978.0 16,128.9 16,155.9 16,624.6 15,556.2 15,912.9 15,164.4 14,694.4 14,286.0 14,104.2 13,460.4 13,345.6 13,826.0 13,006.0 12,976.0 13,486.0 13,482.8 13,479.7 12,488.9 12,236.0 12,259.5 12,218.5 11,378.3 11,007.8 10,889.7 10,721.9 10,339.3 10,271.6 10,234.6 10,236.6 9,886.8 9,796.1 9,808.9 9,934.1 10,160.4 7,229.3 6,674.9 6,719.8 5,957.7 6,112.8 4,116.2 4,994.7 4,910.8 5,004.7 4,819.3 4,980.1 5,041.5 4,466.7 4,245.4 4,177.7 3,450.3 3,414.9 3,453.1 3,395.1 3,530.4 3,321.6 3,277.8 2,941.5 3,010.8 3,088.7 1,947.4 1,327.6 1,336.6 1,332.3 985.6 807.3
Net Debt 15,458.3 15,880.5 16,486.6 16,893.4 16,037.6 16,069.3 15,557.5 15,443.5 15,454.2 15,093.2 14,673.5 14,331.3 14,245.5 14,004.0 13,910.2 13,647.8 13,024.1 12,892.9 12,823.3 12,448.7 12,278.6 11,817.2 11,768.0 11,788.7 11,828.1 11,591.1 11,508.3 11,131.5 11,018.2 10,464.4 10,567.2 10,249.3 10,044.7 9,836.8 9,741.6 9,744.2 9,583.9 9,439.2 9,389.6 8,754.0 8,554.7 5,525.9 5,454.5 5,270.8 5,138.5 5,969.0 2,222.0 4,767.0 4,728.6 4,982.0 4,660.7 4,595.7 4,986.3 4,437.9 4,084.4 4,011.9 3,208.5 3,133.9 3,440.7 3,388.7 3,512.1 3,309.5 3,227.8 2,909.5 2,976.8 3,076.6 1,931.9 1,218.6 945.2 1,314.7 959.6 670.6
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
Operating Activities
Net Income 133.0 248.5 (116.8) 119.1 86.9 (237.8) 108.5 79.6 79.9 119.9 (103.5) 136.2 105.6 155.7 420.7 267.2 177.0 223.3 139.2 141.2 128.1 24.9 118.1 298.6 577.1 176.0 141.4 203.5 131.2 185.2 150.4 160.6 216.3 132.2 147.7 167.0 115.6 164.9 71.5 117.4 216.2 57.7 165.5 61.2 87.0 66.0 60.3 56.6 63.4 185.0 259.8 71.5 56.6 57.0 56.9 53.2 50.7 45.2 39.0 36.5 32.6 36.0 29.1 28.9 25.8 21.8 25.3 26.4 19.6 24.9 13.8
Depreciation & Amortization 228.0 232.0 236.2 223.9 220.3 230.8 221.3 219.5 220.2 212.1 208.0 202.9 209.4 198.9 191.1 184.0 178.2 177.8 179.7 184.5 178.8 168.6 167.0 178.7 171.7 170.5 166.5 178.0 165.2 165.4 158.0 156.4 165.8 154.3 152.2 151.9 159.2 178.0 203.7 153.2 159.4 65.9 67.2 68.2 60.9 56.8 56.3 53.5 50.7 50.0 54.2 45.5 43.8 42.9 40.2 38.5 36.7 36.1 32.4 32.4 32.2 31.8 31.1 29.4 27.8 126.6 (21.5) (16.6) (13.1) 48.9 (9.3)
Stock-Based Compensation 25.3 0 4.7 11.9 22.9 4.4 4.4 16.3 18.9 4.8 5.2 15.3 26.3 7.8 8.0 15.0 21.2 7.8 8.7 14.3 20.1 8.0 8.3 10.4 17.5 7.7 7.8 10.4 15.1 8.4 8.5 8.5 14.8 8.1 8.0 8.4 10.8 7.6 7.6 7.6 10.1 0 0 2.3 0 0 2.2 0 0 0.6 1.2 0 0 0.2 0.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (199.4) 47.0 (89.0) (0.5) (151.9) 18.6 (69.8) 4.4 (160.6) 31.3 (74.5) 6.7 (126.3) 4.1 (84.3) 19.0 (146.3) 3.6 (116.2) 61.1 (172.6) 87.4 (86.7) 87.8 (198.4) 0.8 (107.8) 10.6 (134.0) 46.4 (110.1) 23.1 (80.5) 3.3 (93.7) (176.4) (28.9) (0.6) (102.2) (31.7) 32.3 (52.7) (19.8) (61.7) (23.2) (45.4) 11.8 (43.6) 7.9 (22.5) (12.0) (13.8) (30.6) (9.9) 2.3 (3.5) (20.0) (9.6) (3.7) (15.2) (0.6) (13.4) 44.8 (17.4) (10.8) (1.1) (25.4) 7.1 19.4 (12.6) (7.2)
Other Non-Cash Items (30.4) (119.7) 239.2 (1.4) 31.8 367.7 21.8 47.2 39.2 492.6 224.5 7.6 19.1 3.4 (239.7) (88.0) (10.5) 5.8 5.8 5.8 6.0 6.0 5.9 5.8 5.6 5.7 5.7 5.5 5.4 5.4 5.3 5.3 5.3 5.4 5.3 (4.2) (7.7) (7.7) (8.1) (9.2) (10.1) 28.8 (91.6) 15.9 (2.0) 10.5 20.8 22.6 21.6 (106.3) (176.3) 9.1 22.4 17.0 (0.6) 30.5 25.2 23.7 19.6 26.7 12.0 22.0 (3.7) 21.7 20.3 (79.5) 52.3 41.2 32.8 (27.9) 24.4
Operating Cash Flow 156.5 407.8 274.2 353.1 210.0 383.7 286.1 367.1 197.6 387.1 301.2 379.2 234.0 370.0 295.8 397.1 219.5 346.4 226.4 408.4 152.1 374.4 228.2 379.1 175.2 361.4 254.2 358.4 207.2 379.6 209.8 335.1 225.8 314.7 220.4 125.7 246.5 293.1 159.6 235.2 349.0 99.7 121.3 83.6 122.7 87.9 149.2 89.2 143.6 106.2 125.8 112.3 92.2 107.1 98.9 118.7 92.6 95.5 87.4 80.5 76.3 76.4 101.3 62.6 63.1 67.8 30.7 58.1 58.7 33.2 21.7
Investing Activities
Capital Expenditure (288.3) (140.6) (146.1) (151.0) (117.7) (150.7) (112.6) (99.8) (85.5) (120.3) 46.8 (107.8) 0 (145.4) (91.6) (79.1) (82.0) (15.9) (95.1) (101.7) (0.5) (220.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (247.9) 0 0 0 (90.8) (87.7) (66.9) (85.2) (71.8) (187.9) (94.8) (82.3) (57.2) (72.2) (1,159.4) (84.2) (116.5) (164.1) (128.5) (888.5) (291.6) (112.0) (99.9) (100.6) (109.4) (376.2) (80.6) (97.6) (529.1) (624.9) (232.3) (311.1) (188.5) (341.2)
Acquisitions 0 (26.5) (34.1) (31.8) (52.6) (44.6) (27.0) 67.5 141.1 218.7 (45.3) (42.9) (60.7) (167.9) (39.8) (43.5) 0.8 (2.7) 11.3 2.1 0.9 (14.1) (52.2) (16.2) (90.0) 8.8 (15.4) (23.1) (27.0) (31.6) (248.8) (16.4) (48.8) (19.1) (48.4) (23.5) (18.0) 26.9 (520.9) (15.8) (10.2) 0 0 0 0 0 0 0 0 0 (72.2) 0 0 0 0 0 0 (593.8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (47.4) (398.1) (0.6) (1.0) (0.4) (1) (0.9) (166.8) (202.6) (209.8) (1.3) (169.0) (0.7) 4.9 (779.2) (904.6) (130.2) 1.9 (339.5) (219.6) 0.5 2.6 0 0 8.6 (178.0) (0.9) (0.2) (0.9) (0.1) (0.2) (0.2) (0.3) (0.2) (0.3) (0.2) (1.0) (0.2) (0.3) (0.2) (0.4) (13.8) 0 0 (0.4) (0.3) (0.3) 520.8 (524.7) (0.3) 44.2 (45.2) (2.3) (0.8) (5.4) 1.2 (1.5) (16.6) (0.0) (2.3) (0.0) 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 341.6 884.0 (0.1) (0.2) 1.0 (0.9) (1.2) (0.3) 1.4 25.2 (0.3) 0.2 1.8 (0.1) 537.7 148.3 60.8 15.9 (0.2) 0.0 2.1 (0.2) (0.2) 0 0 10.9 0 0 0 0 0 0 0 0 0 0 0 (3.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 291.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 (194.3) (118.2) (139.0) (188.4) (453.5) 0 0 (231.9) (320.7) 50.2 (226.0) 18.9 39.8 50.1 0 (40.8) 0 0 (245.3) 6.4 (215.5) (30.6) 7.6 0 (392.2) (81.2) (195.6) (47.0) (285.2) (285.4) (134.6) (256.0) (34.3) (253.1) (243.7) 0.2 (157.6) (300.2) (98.7) 0 438.7 8.7 69.7 20.8 (426.8) (524.3) 526.2 522.3 402.9 58.3 22.2 8.1 12.3 3.9 43.3 304.7 20.2 29.7 (2.6) 1.9 6.4 12.5 (14.7) (440.8) (30.4) (7.1) (3.5) (7.3) (1.2)
Investing Cash Flow 5.8 317.2 (375.8) (303.3) (309.1) (386.6) (297.3) (199.4) (145.5) (318.1) (320.7) (269.3) (285.6) (289.6) (333.1) (828.8) (150.5) (41.6) (423.4) (319.2) (242.3) (225.3) (267.9) (46.7) (73.8) (269.8) (408.5) (104.4) (223.5) (78.8) (534.3) (302.0) (183.8) (275.4) (83.0) (276.9) (262.6) (224.7) (678.8) (316.2) (109.4) (104.7) 350.9 (58.2) (15.9) (51.2) (188.2) (98.3) (80.9) 464.8 302.6 (1,146.3) (64.3) (109.3) (157.2) (123.5) (846.7) (305.9) (91.8) (72.4) (103.3) (107.5) (369.8) (68.1) (112.3) (969.9) (655.3) (239.4) (314.6) (195.8) (342.4)
Financing Activities
Net Debt Issuance (1,004.5) (7.0) 810.5 130.6 (554.5) (4.6) 836.7 (6.6) (704.0) 600 (500) 747.7 470 (346.2) 175 638.1 110 (470.4) 839.2 (9.8) (502.7) (4.4) (4.3) 993.9 245.8 (32.2) (5.2) 844.2 (6.3) 121.6 164.5 380.6 64.2 33.0 (5.4) 513.8 99.5 (4.9) (108.5) (219.8) 990.0 23.0 (111.5) (1.8) 22.9 (151.0) 111.3 (129.5) (150.3) (167.2) (959.3) 1,094.9 54.4 46.2 69.5 (762.4) 727.1 (95.7) 58.3 31.5 91.1 43.8 336.3 (98.4) 15.2 939.8 511.5 (68.8) (113.4) 201.3 149.4
Stock Repurchased (0.9) 0 0 (0.1) (0.8) (0.0) 0.4 0 (2.1) 0 0 0 0 0 0 0 0 0 0 (200) 0 0 0 0 0 0 0 0 0 (0.4) 0.4 0.0 (0.7) 0.2 0 0.0 (0.2) (0.0) 0.4 (0.0) (0.7) 0 0 0 0 0 167.9 0 0 0 409.3 0 0 0 0 0 0 0 0 0 (0.0) 0 0 0 (0.0) 0 0 0 0 0 0
Dividends Paid (124.1) (123.4) (173.3) (173.3) (173.1) (172.5) (172.8) (172.8) (171.8) (172.8) (171.6) (172.1) (171.3) (171.5) (171.5) (171.5) (170.5) (170.4) (170.3) (171.6) (171.6) (172.3) (172.3) (172.3) (172.0) (166.7) (166.7) (166.6) (166.4) (166.4) (140.5) (140.5) (140.3) (131.7) (131.7) (131.7) (131.6) (114.4) (114.4) (114.3) (328.6) (94.1) (89.5) (89.4) (85.1) (80.7) (79.8) (80.2) (76.9) (76.9) (76.6) (75.4) (72.9) (72.5) (72.3) (72.0) (66.2) (56.8) (56.3) (48.6) (48.0) (51.0) (46.7) (41.2) (42.6) (38.7) (33.8) (32.3) (22.5) 0 0
Other Financing Activities (8.8) 24.0 (125.2) 41.6 (28.5) 43.7 80.8 (17.4) (20.1) 186.0 (6.9) (21.4) (19.7) 725.3 (20.1) (14.5) (27.0) (248.9) (27.7) (19.7) (25.3) (17.9) (10.6) (20.7) (11.9) (16.8) (32.2) (201.4) (19.7) (40.6) (3.1) (1.3) (30.7) (11.6) (0.2) (41.7) (5.7) (11.6) (19.1) (10.4) (18.5) 2.3 0.6 34.8 (7.4) (5.3) (7.5) 74.9 (78.2) (7.6) 634.0 (45.6) (0.0) (0.0) 11.4 827.6 15.0 626.7 (1.8) (10.6) (10.1) 240.9 (1.1) 143.0 98.1 (2.2) (0.2) 0.1 (0.1) (45.6) 60.6
Financing Cash Flow (1,138.3) (106.4) 512.5 (1.2) (756.9) (133.4) 745.2 (196.8) (898.0) 613.1 (678.6) 554.3 279.1 207.5 (16.7) 452.2 (87.8) (885.5) 641.7 (401.1) (679.9) (194.6) (187.1) 800.7 65.3 (204.5) (203.8) 476.7 (190.6) (85.4) 21.2 238.9 (107.5) (110.3) (136.9) 340.5 (37.9) (130.8) (241.6) (344.6) 642.3 (51.6) (174.4) (55.5) (61.3) 122.8 24.0 (111.9) (288.6) (241.8) (401.9) 981.1 (17.3) (24.9) (4.6) 0.0 678.1 478.9 10.5 (20.1) 33.3 (7.3) 286.8 4 70.7 898.7 531.2 (101.1) 629.7 155.7 210
Cash Position
Net Change in Cash (976.0) 618.5 410.9 48.6 (856.0) (136.3) 734.0 (29.1) (845.9) 682.2 (698.1) 664.2 227.5 287.9 (54.0) 20.5 (18.8) (580.8) 444.6 (311.9) (770.1) (45.5) (226.9) 1,133.1 166.7 (112.9) (358.2) 730.6 (206.9) 215.4 (303.3) 271.9 (50.2) (58.3) 0.6 189.5 (54.0) (62.4) (760.7) (425.6) 882.0 (56.6) 297.9 (30.0) 45.5 159.5 (14.9) (121.0) (225.8) 329.1 26.5 (52.8) 10.6 (27.1) (62.9) (4.8) (76.1) 268.5 6.1 (12.0) 6.3 (38.4) 286.8 4 70.7 898.7 531.2 (101.1) 629.7 155.7 210
Cash at Beginning 1,557.3 938.7 527.8 479.2 1,335.2 1,471.5 737.5 766.6 1,612.6 930.4 1,628.5 964.3 736.8 448.9 502.9 482.3 501.2 1,081.9 637.3 949.2 1,719.3 1,764.8 1,991.7 858.6 691.9 804.8 1,162.9 432.3 639.2 423.8 727.1 455.1 505.4 493.1 492.4 302.9 356.9 419.3 1,180.0 1,605.7 723.7 507.2 209.3 239.3 182.2 22.7 37.6 158.6 384.4 55.3 28.8 81.6 71.0 98.1 161.0 165.8 241.8 12.4 6.3 18.3 12.0 50.4 0 0 12.2 0 0 0 17.6 0 0
Cash at End 581.3 1,557.3 938.7 527.8 479.2 1,335.2 1,471.5 737.5 766.6 1,612.6 930.4 1,628.5 964.3 736.8 448.9 502.9 482.3 501.2 1,081.9 637.3 949.2 1,719.3 1,764.8 1,991.7 858.6 691.9 804.8 1,162.9 432.3 639.2 423.8 727.1 455.1 434.8 493.1 492.4 302.9 356.9 419.3 1,180.0 1,605.7 450.6 507.2 209.3 227.7 182.2 22.7 37.6 158.6 384.4 55.3 28.8 81.6 71.0 98.1 161.0 165.8 281.0 12.4 6.3 18.3 12.0 286.8 4 82.9 898.7 531.2 (101.1) 647.3 155.7 210
Free Cash Flow (131.8) 267.1 128.1 202.1 92.3 233.0 173.5 267.3 112.1 266.8 348.0 271.4 234.0 224.6 204.1 318.0 137.5 330.5 131.3 306.7 151.6 154.4 228.2 379.1 175.2 361.4 254.2 358.4 207.2 379.6 209.8 335.1 225.8 314.7 220.4 125.7 246.5 45.2 159.6 235.2 349.0 8.9 33.6 16.8 37.5 16.1 (38.7) (5.6) 61.3 49.0 53.6 (1,047.0) 8.0 (9.4) (65.2) (9.8) (795.9) (196.2) (24.6) (19.4) (24.3) (33.1) (274.9) (18) (34.5) (461.4) (594.2) (174.2) (252.4) (155.3) (319.5)
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 872.1 877.1 871.5 868.5 865.2 858.6 859.2 850.5 839.4 828.9 824.3 817.2 803.2 789.8 790.5 773.9 754.3 731.1 730.1 713.8 713.7 665.1 693.3 654.8 752.6 757.5 743.6 733.7 725.8 705.2 686.3 664.5 661.2 655.2 657.7 656.9 632.2 636.1 625.2 623.5 666.0 624.2 629.9 618.2 618.5 613.7 618.8 589.8 574.7 576.2 574.1 515.3 483.0 485.4 470.9 472.9 447.7 452.8 452.4 436.5 417.9 386.8 388.2 396.0 379.8 377.9 377.3 389.5 377.5 392.3 357.0 368.5 370.6 372.0 371.5 375.1 363.7 378.7 372.5 370.3 356.1 359.2 361.8 360.6 356.2 362.6 359.7 345.1 333.7 335.4 323.4 362.4 290.0 266.1 256.3 233.5 228.5 223.3 217.3 210.3
Gross Profit 515.2 528.2 530.1 527.0 525.3 524.9 295.0 519.2 296.3 519.1 515.1 518.0 505.2 499.9 500.3 493.6 479.2 469.3 464.8 460.5 453.2 407.7 428.9 413.0 482.8 478.1 466.8 464.3 457.0 441.7 427.0 416.0 409.9 413.2 411.9 418.0 396.9 404.2 388.6 397.6 439.2 399.7 402.0 395.3 389.6 395.1 396.0 379.8 361.5 370.1 367.2 328.1 303.4 307.8 295.1 304.4 284.1 290.6 291.4 285.3 272.2 253.9 254.0 266.6 249.5 246.0 301.6 259.4 248.2 259.9 223.0 243.0 246.9 248.4 251.1 255.1 244.1 253.9 247.0 247.3 232.0 235.3 236.9 240.0 235.3 238.6 236.6 229.9 220.9 221.0 215.4 225.1 203.1 182.5 179.4 163.1 161.2 223.3 217.3 145.1
Operating Income 227.8 490.4 254.0 256.6 473.0 262.7 261.5 251.3 246.1 264.3 272.3 266.6 235.4 261.3 273.2 272.6 254.3 254.8 250.9 238.2 229.2 205.6 234.6 194.6 272.0 275.4 269.8 251.8 250.6 236.5 238.4 230.6 208.2 229.5 233.7 238.7 206.2 197.8 157.6 218.1 250.4 210.5 227.8 204.9 206.2 208.8 214.8 201.3 176.9 195.0 187.4 170.8 130.4 170.9 162.8 173.7 144.7 162.0 164.5 154.1 138.0 437.1 56.5 70.8 47.6 87.0 67.6 75.9 46.1 102.2 54.3 86.8 148.9 94.2 86.7 90.4 82.2 95.8 88.9 53.7 75.2 81.6 82.0 67.4 73.2 74.9 79.4 81.9 71.3 78.2 77.2 74.5 78.5 73.9 70.5 70.6 64.5 112.9 112.2 50.2
Net Income 101.6 248.5 (121.7) 89.0 61.2 (228.9) 83.6 79.6 79.9 119.9 (111.8) 104.3 77.9 121.8 361.0 223.0 143.0 184.5 108.3 111.7 100.6 10.3 92.5 269.1 500.1 143.4 110.4 166.9 100.7 151.2 121.7 131.3 178.6 106.5 120.0 136.3 99.7 148.2 79.3 99.2 184.4 140.5 186.7 82.1 173.8 177.2 130.4 79.1 56.6 91.4 155.3 455.0 48 65.4 57.8 119.1 64.6 101.3 70.5 60.2 40.8 (12.7) 57.7 61.4 52.7 53.4 65.8 67.2 44.6 (91.2) 48.5 79.5 88.5 124.2 242.4 102.3 854.3 72.6 108.0 625.7 67.7 153.9 57.6 165.5 61.2 62.3 68.5 87.1 66.0 60.3 63.2 259.3 56.4 56.9 50.7 47.2 44.8 38.2 36.5 32.6
EPS (Diluted) 0.64 1.56 -0.77 0.56 0.39 -1.45 0.53 0.51 0.51 0.76 -0.71 0.66 0.50 0.23 2.30 1.04 0.48 1.18 0.69 0.71 0.59 0.05 0.58 1.71 3.20 0.91 0.70 1.06 0.63 0.96 0.77 0.83 1.14 0.67 0.76 0.87 0.63 0.94 0.50 0.63 1.18 0.90 1.20 0.52 1.11 1.14 0.83 0.50 0.35 0.58 1.00 2.94 0.31 0.43 0.38 0.78 0.33 0.68 0.48 0.41 0.29 -0.09 0.41 0.44 0.38 0.38 0.47 0.53 0.37 -0.75 0.35 0.62 0.70 1.04 1.99 0.84 6.99 0.61 0.91 5.23 0.59 1.37 0.50 1.43 0.55 0.57 0.62 0.79 0.64 0.60 0.64 2.71 0.59 0.63 0.53 0.50 0.51 0.52 0.50 0.45
Balance Sheet
Cash & Equivalents 512.8 1,478.2 861.1 447.0 398.1 1,254.9 1,420.5 685.4 701.7 1,531.5 882.6 1,581.6 919.0 690.3 375.8 456.5 436.3 452.7 1,002.7 557.3 697.4 1,668.7 1,714.8 1,691.0 660.7 645.0 751.2 1,087.0 360.1 543.4 322.5 472.6 294.6 434.8 493.1 492.4 302.9 356.9 419.3 1,180.0 1,605.7 1,703.4 1,220.4 1,448.9 819.2 143.8 1,894.2 227.7 182.2 22.7 158.6 384.4 55.3 28.8 161.0 165.8 241.8 281.0 12.4 6.3 18.3 12.0 50 32 34 12.2 15.5 109 391.4 17.6 26 136.7
Total Assets 25,102.2 26,166.2 25,999.5 25,621.2 25,436.5 26,085.0 26,405.5 25,474.4 25,526.0 26,026.1 24,739.1 25,341.7 24,625.4 24,207.7 23,726.7 23,266.4 22,475.6 22,365.3 22,848.8 22,059.1 22,213.6 22,858.2 22,959.2 23,000.8 21,829.7 21,284.9 21,288.6 21,268.3 20,501.6 20,256.5 20,137.5 19,961.2 19,583.9 19,372.2 19,308.5 19,281.8 18,966.6 18,849.8 18,789.9 18,964.0 19,175.8 12,787.7 12,251.3 12,348.7 11,580.7 10,871.9 10,985.6 8,982.3 8,837.0 8,551.1 8,276.2 8,408.8 8,427.2 8,481.3 7,193.5 7,093.3 6,310.1 6,226.5 5,611.1 5,539.1 5,716.3 5,434.8 5,354.8 5,018.8 4,935.7 5,235.1 3,459.3 2,637.9 2,515.9 1,672.5 1,295.6 1,110
Total Debt 15,971.0 17,358.7 17,347.7 17,340.3 16,435.7 17,324.2 16,978.0 16,128.9 16,155.9 16,624.6 15,556.2 15,912.9 15,164.4 14,694.4 14,286.0 14,104.2 13,460.4 13,345.6 13,826.0 13,006.0 12,976.0 13,486.0 13,482.8 13,479.7 12,488.9 12,236.0 12,259.5 12,218.5 11,378.3 11,007.8 10,889.7 10,721.9 10,339.3 10,271.6 10,234.6 10,236.6 9,886.8 9,796.1 9,808.9 9,934.1 10,160.4 7,229.3 6,674.9 6,719.8 5,957.7 6,112.8 4,116.2 4,994.7 4,910.8 5,004.7 4,819.3 4,980.1 5,041.5 4,466.7 4,245.4 4,177.7 3,450.3 3,414.9 3,453.1 3,395.1 3,530.4 3,321.6 3,277.8 2,941.5 3,010.8 3,088.7 1,947.4 1,327.6 1,336.6 1,332.3 985.6 807.3
Stockholders' Equity 5,152.1 5,147.2 5,007.6 5,258.8 5,319.9 5,413.3 5,759.2 5,810.8 5,857.7 5,876.7 5,788.1 6,040.1 6,062.8 6,132.9 6,155.6 5,929.7 5,843.6 5,834.0 5,716.8 5,749.3 5,975.6 5,996.1 6,129.6 6,182.1 6,047.9 5,684.7 5,669.9 5,715.9 5,836.6 5,883.2 5,876.6 5,892.8 5,879.0 5,814.0 5,825.2 5,814.4 5,775.5 5,784.6 5,725.9 5,732.9 5,749.8 4,443.4 4,437.2 4,446.0 4,444.1 3,647.2 4,347.9 2,856.0 2,747.4 2,400.2 2,334.0 2,308.8 2,159.6 1,956.3 1,749.4 1,739.8 1,722.9 1,647.7 1,096.1 1,074.2 1,108.1 1,057.6 1,154 1,157.1 1,027.4 948.5 977.2 874.7 860.4 175.0 195.5 183.4
Cash Flow
Operating Cash Flow 156.5 407.8 274.2 353.1 210.0 383.7 286.1 367.1 197.6 387.1 301.2 379.2 234.0 370.0 295.8 397.1 219.5 346.4 226.4 408.4 152.1 374.4 228.2 379.1 175.2 361.4 254.2 358.4 207.2 379.6 209.8 335.1 225.8 314.7 220.4 125.7 246.5 293.1 159.6 235.2 349.0 99.7 121.3 83.6 122.7 87.9 149.2 89.2 143.6 106.2 125.8 112.3 92.2 107.1 98.9 118.7 92.6 95.5 87.4 80.5 76.3 76.4 101.3 62.6 63.1 67.8 30.7 58.1 58.7 33.2 21.7
Capital Expenditure (288.3) (140.6) (146.1) (151.0) (117.7) (150.7) (112.6) (99.8) (85.5) (120.3) 46.8 (107.8) 0 (145.4) (91.6) (79.1) (82.0) (15.9) (95.1) (101.7) (0.5) (220.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (247.9) 0 0 0 (90.8) (87.7) (66.9) (85.2) (71.8) (187.9) (94.8) (82.3) (57.2) (72.2) (1,159.4) (84.2) (116.5) (164.1) (128.5) (888.5) (291.6) (112.0) (99.9) (100.6) (109.4) (376.2) (80.6) (97.6) (529.1) (624.9) (232.3) (311.1) (188.5) (341.2)
Free Cash Flow (131.8) 267.1 128.1 202.1 92.3 233.0 173.5 267.3 112.1 266.8 348.0 271.4 234.0 224.6 204.1 318.0 137.5 330.5 131.3 306.7 151.6 154.4 228.2 379.1 175.2 361.4 254.2 358.4 207.2 379.6 209.8 335.1 225.8 314.7 220.4 125.7 246.5 45.2 159.6 235.2 349.0 8.9 33.6 16.8 37.5 16.1 (38.7) (5.6) 61.3 49.0 53.6 (1,047.0) 8.0 (9.4) (65.2) (9.8) (795.9) (196.2) (24.6) (19.4) (24.3) (33.1) (274.9) (18) (34.5) (461.4) (594.2) (174.2) (252.4) (155.3) (319.5)