Avis Budget Group, Inc. logo CAR - Avis Budget Group, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 2
HOLD 7
SELL 4
STRONG
SELL 0
| PRICE TARGET: $124.83 DETAILS
HIGH: $160.00
LOW: $85.00
MEDIAN: $132.50
CONSENSUS: $124.83
DOWNSIDE: 25.27%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 2,530 2,664 3,519 3,039 2,430 2,710 3,480 3,048 2,551 2,764 3,564 3,123 2,557 2,771 3,547 3,244 2,432 2,569 3,001 2,371 1,372 1,355 1,534 760 1,753 2,162 2,753 2,337 1,920 2,050 2,778 2,328 1,968 2,019 2,752 2,238 1,839 1,879 2,656 2,252 1,881 1,902 2,577 2,173 1,850 1,887 2,542 2,194 1,862 1,849 2,395 2,004 1,691 1,698 2,170 1,866 1,623 1,630 1,623 1,412 1,235 1,226 1,512 1,294 1,153 1,160 1,465 1,312 1,194 1,254 1,701 1,577 1,445 1,426 1,719 1,516 1,365 1,331 1,566 4,252 4,217 4,578 5,046 4,735 3,877 4,904 5,363 5,209 4,477 4,456 4,580 3,850 3,784 2,580 2,403 1,303 968 1,044 1,137 1,128
Cost of Revenue 2,118 2,151 2,246 2,230 2,090 2,259 2,356 2,233 1,972 1,989 2,212 2,067 1,840 1,860 1,974 1,798 1,591 1,672 1,685 1,429 1,143 1,121 1,205 948 1,526 1,668 1,869 1,737 1,582 1,580 1,897 1,787 1,609 1,571 1,866 1,678 1,543 1,541 1,803 614 528 519 630 573 500 533 659 589 497 493 596 544 443 449 513 414 392 465 783 725 659 373 705 639 612 399 731 648 640 (424) 847 811 778 (405) 835 785 711 (468) 823 2,602 2,473 2,830 2,867 2,734 2,252 2,621 2,777 2,733 2,240 2,398 2,401 2,021 1,831 836 788 433 433 220 388 341
Gross Profit 412 513 1,273 809 340 451 1,124 815 579 775 1,352 1,056 717 911 1,573 1,446 841 897 1,316 942 229 234 329 (188) 227 494 884 600 338 470 881 541 359 448 886 560 296 338 853 1,638 1,353 1,383 1,947 1,600 1,350 1,354 1,883 1,605 1,365 1,356 1,799 1,460 1,248 1,249 1,657 1,452 1,231 1,165 840 687 576 853 807 655 541 761 734 664 554 1,678 854 766 667 1,831 884 731 654 1,799 743 1,650 1,744 1,748 2,179 2,001 1,625 2,283 2,586 2,476 2,237 2,058 2,179 1,829 1,953 1,744 1,615 870 535 824 749 787
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 340 320 531 384 307 312 367 348 325 309 397 378 324 322 384 359 283 308 361 292 181 154 166 132 251 290 350 313 284 267 336 321 296 245 320 293 262 238 315 312 269 250 314 281 248 247 298 287 248 248 274 274 224 229 244 233 219 243 256 203 156 139 161 145 131 130 155 133 133 142 171 173 167 154 176 168 159 148 179 683 873 1,364 838 815 748 945 864 896 901 774 753 603 644 659 483 293 269 276 372 348
Other Expenses 24 25 34 33 28 36 41 39 35 41 48 40 38 35 38 32 33 27 43 42 44 43 48 42 56 64 72 62 57 61 72 64 56 58 67 54 43 0 57 1,187 (1,064) 36 0 1,132 1,024 36 1,214 1,141 1,035 37 1,175 1,044 961 972 1,062 979 920 (845) 326 280 299 1,608 376 362 360 1,557 383 417 377 1,877 496 461 402 1,848 462 427 386 1,834 408 (69) (310) 21 0 0 12 765 808 736 749 741 750 691 621 668 711 400 (27) 195 59 112
Operating Expenses 364 345 565 417 335 348 408 387 360 350 445 418 362 357 422 391 316 335 404 334 225 197 214 174 307 354 422 375 341 328 408 385 352 303 387 347 305 238 372 1,499 1,355 1,298 1,557 1,413 1,272 1,263 1,504 1,428 1,283 1,277 1,449 1,318 1,185 1,201 1,306 1,212 1,139 1,130 582 483 455 819 537 507 491 771 538 550 510 2,019 667 634 569 2,002 638 595 545 1,982 587 1,218 1,438 1,385 1,406 1,331 1,212 1,710 1,672 1,632 1,650 1,515 1,503 1,294 1,265 1,327 1,149 569 242 462 431 460
Operating Income
Operating Income 48 168 708 392 5 103 716 428 219 425 907 638 355 554 1,151 1,055 525 562 912 608 4 37 115 (362) (80) 140 462 225 (3) 142 473 156 7 145 499 213 (9) 100 481 139 (17) 71 375 171 68 81 371 168 76 72 344 142 59 45 347 237 87 (70) 258 204 121 (162) 270 151 57 (241) 197 129 60 (1,611) 1,481 133 103 (1,361) 249 123 113 (719) 791 618 454 889 879 682 774 546 905 1,153 590 514 690 620 1,939 1,124 524 89 302 456 319 408
Interest Expense 347 378 349 362 299 92 95 88 83 75 80 68 73 69 64 64 53 51 47 59 61 68 64 51 48 39 49 48 42 49 44 49 46 46 45 48 49 46 51 56 50 48 49 45 52 48 50 55 56 58 57 55 58 59 67 69 73 77 122 115 110 40 120 117 115 41 112 108 130 0 2,667 108 121 0 93 87 101 0 1,940 394 327 433 139 100 741 31 16 205 91 77 115 244 1,764 1,634 151 0 138 156 46 262
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (74) 2 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
Profitability
EBITDA 1,065 1,128 1,718 1,380 1,016 (1,478) 1,737 1,304 1,106 1,298 2,040 1,678 1,383 1,450 2,277 1,944 1,477 1,417 1,591 1,281 450 561 863 129 613 842 1,321 1,077 708 591 1,096 790 499 634 1,095 725 456 612 1,069 184 25 523 417 183 85 552 402 148 102 (1,232) 326 54 35 368 357 227 79 62 206 157 81 100 643 508 369 41 584 523 414 (1,233) 683 595 500 (981) 716 549 489 (408) 564 1,012 435 384 528 1,023 865 1,376 1,917 1,124 1,495 1,710 1,639 1,357 1,309 2,945 1,159 365 266 490 445 520
EBIT 48 168 708 392 5 (2,539) 658 360 181 466 1,050 834 599 676 1,540 1,277 844 679 1,066 627 (113) (13) 188 (469) (101) 104 477 235 (10) 87 494 187 (22) 122 482 144 (44) 72 483 119 (36) 52 361 127 36 81 356 103 61 20 287 17 1 (3) 327 198 47 (329) 184 136 58 (216) 264 146 49 (279) 195 106 37 (1,631) 187 131 98 (1,361) 246 136 109 (767) 156 111 78 363 156 562 401 573 759 723 376 543 676 535 688 417 440 342 293 403 318 279
Income Before Tax (340) (740) 473 15 (677) (2,841) 329 27 (142) 162 757 598 397 516 1,342 1,083 695 543 929 486 (250) (135) 53 (609) (265) 14 328 81 (136) 3 355 38 (129) 1 364 11 (165) (43) 345 63 (86) 4 312 82 (16) 33 306 48 5 (38) 230 (38) (57) (63) 260 129 (26) (200) 136 89 11 (35) 144 29 (66) (88) 83 (2) (70) (164) (1,186) 25 (18) (1,154) 116 35 11 (8) (461) 277 192 (119) 698 588 179 509 890 751 503 420 582 360 407 (510) 373 443 201 274 273 204
Income Tax Expense (106) 116 113 10 (173) (884) 91 12 (29) (98) 130 162 85 92 311 309 168 162 255 88 (80) (45) 8 (128) (107) (128) 139 19 (45) (10) 142 12 (42) (219) 119 8 (58) (12) 136 27 (35) 9 128 (61) (7) 10 114 22 1 (10) 112 (10) (11) (17) (20) 50 (3) (30) 54 37 4 (11) 54 3 (28) (39) 26 4 (21) (43) (180) 10 (6) (109) 53 12 (1) (12) (136) 103 57 (80) 244 195 115 158 296 257 58 149 193 129 141 (203) 131 189 75 86 98 77
Net Income (283) (747) 359 4 (505) (1,958) 237 14 (114) 259 626 435 312 423 1,034 778 529 382 675 398 (170) (90) 45 (481) (158) 142 189 62 (91) 13 213 26 (87) 220 245 3 (107) (31) 209 36 (51) (5) 184 143 (9) 23 192 26 4 (28) 118 (28) (46) (46) 280 79 (23) (170) 82 52 7 (24) 90 26 (38) (49) 57 (6) (49) (121) (1,006) 15 (12) (1,056) 103 24 13 3 (1,013) 121 70 536 496 387 (82) 357 593 691 441 288 382 247 34 (307) 242 516 89 214 175 69
Per Share Data
EPS (Basic) -8.02 -21.22 10.20 0.11 -14.35 -55.66 6.68 0.39 -3.20 7.19 16.96 11.13 7.88 10.32 22.09 16.04 9.96 6.78 10.58 5.69 -2.43 -1.29 0.64 -6.91 -2.17 1.92 2.52 0.81 -1.20 0.16 2.71 0.33 -1.08 2.70 2.96 0.04 -1.25 -0.36 2.32 0.39 -0.53 -0.05 1.80 1.36 -0.08 0.22 1.84 0.25 0.03 -0.26 1.09 -0.26 -0.43 -0.43 2.62 0.74 -0.22 -1.61 0.78 0.49 0.07 -0.23 0.88 0.25 -0.37 -0.48 0.55 -0.06 -0.48 -1.19 -9.90 0.15 -0.12 -9.68 1.00 0.23 0.13 0.04 -10.07 -10.52 0.70 -0.39 4.81 3.70 -0.80 3.48 5.70 6.80 4.30 2.81 3.80 2.40 0.10 -3.14 2.30 2.80 1.48 3.00 2.50 1.00
EPS (Diluted) -8.02 -21.22 10.11 0.11 -14.35 -55.66 6.64 0.39 -3.20 7.12 16.78 11.01 7.72 10.10 21.68 15.72 9.71 6.63 10.45 5.63 -2.43 -1.29 0.63 -6.91 -2.17 1.90 2.50 0.81 -1.20 0.16 2.68 0.32 -1.07 2.65 2.91 0.04 -1.25 -0.35 2.28 0.38 -0.53 -0.05 1.77 1.34 -0.08 0.21 1.74 0.24 0.03 -0.26 1.02 -0.26 -0.43 -0.43 2.38 0.66 -0.22 -1.61 0.65 0.42 0.06 -0.23 0.73 0.22 -0.37 -0.48 0.54 -0.06 -0.48 -1.19 -9.90 0.15 -0.12 -9.68 0.99 0.23 0.12 0.04 -10.07 -10.52 0.70 -0.39 4.72 3.60 -0.80 3.48 5.60 6.60 4.20 2.81 3.70 2.40 0.10 -3.14 2.30 2.60 1.48 2.90 2.40 0.90
Shares Outstanding 35.3 35.2 35.2 35.2 35.2 35.2 35.5 35.6 35.6 36 36.9 39.1 39.6 41 46.8 48.5 53.1 56.4 63.7 69.9 69.9 69.6 69.7 69.6 72.9 73.9 75.2 76 75.8 76.9 78.8 80.7 80.6 81.3 82.6 84 85.6 87.2 90.4 93.9 96.2 99.5 102.7 105.5 106.1 106.2 103.9 105.1 106.6 106.1 108.3 107.7 107.0 106.9 106.8 106.7 105.9 105.5 105.4 105.4 104.6 103.3 103.2 103.1 102.6 102.3 102.3 102.2 101.8 101.8 101.6 101.4 102.8 109.1 103 104.3 100 100 100.6 100.2 100 100 103.7 104.6 102.5 102.5 104.0 101.6 102.6 102.6 100.5 103 97.7 97.7 85.1 79 84.9 72.5 70 72.5
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 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 528 524 568 546 520 537 605 515 526 559 575 573 549 572 582 581 552 537 890 1,327 578 693 1,566 1,260 682 689 619 537 545 620 617 500 554 618 814 776 923 490 985 527 876 458 470 482 434 345 302 566 632 840 627 580 126 205 3,201 1,913 2,099 967 1,215 1,234 948 1,164 623.5 3,063.3 520.7 1,008.7 1,611.2 1,549.7 259.4 986.9 725.6 812.2 553.1 368.3 297.5 286.3 270 160.3 135.2 133.5 180.6 158.7 137.8 134.4 116.9 56.9 38 27.8
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,143 1,124 1,204 1,402 1,110 1,025 1,209 1,439 1,253 1,092 1,194 1,209 1,000 952 1,016 1,078 885 1,013 1,075 1,060 925 794 748 671 871 1,084 1,118 1,296 1,143 1,135 1,175 1,304 1,173 1,096 1,203 1,192 975 961 1,102 1,194 935 304 260 949 313 313 784 1,608 1,685 1,671 1,510 1,558 1,457 1,377 1,196 1,392 1,370 740 751 882 1,054 1,026 1,301.6 1,157.2 1,600.8 1,536 1,327.8 1,148.7 1,691.6 686.4 582.3 593.3 578.6 537.7 415.7 305.4 297.8 255.3 224.4 212.1 188.2 180.4 167 161.8 150.8 148 141.5 133.5
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 237 229 104 105 234 73 73 174 864 905 903 643 666 641 593 827 0 0 0 0 0 0 0 0 0 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 180 197 280 333 336 233 239 242 242 249 157 157 160 110 126 105 85 92 94 101 161 147 144 144 177 138 151 172 192 178 158 167 178 156 171 203 164 154 139 185 142 1,012 963 172 458 428 174 1,748 1,979 1,967 1,577 1,572 1,775 1,488 2,187 1,058 660 677 1,939 2,201 2,292 2,402 1,563.7 1,553.5 1,491.5 2,002 1,824.8 1,539.8 765.3 443.7 765.4 596.6 298.4 341.1 264.3 148 199.9 190.9 170.6 145.3 135.1 147.6 131 114 109.3 123.6 106.3 85.3
Total Current Assets 2,179 2,093 2,235 2,456 2,140 2,034 2,319 2,460 2,333 2,139 2,226 2,233 1,983 1,886 1,976 2,065 1,768 1,847 2,267 2,736 1,868 1,795 2,635 2,240 1,927 2,145 2,147 2,286 2,137 2,174 2,180 2,223 2,123 2,066 2,419 2,375 2,292 1,817 2,442 2,143 2,182 1,774 1,693 1,730 1,205 1,086 1,420 3,922 4,296 4,478 3,714 3,710 3,358 3,070 7,411 4,363 4,129 2,384 3,905 4,317 4,294 4,592 3,488.8 5,774 3,613 4,546.9 4,763.8 4,238.2 2,716.3 2,117 2,073.3 2,002.1 1,430.1 1,247.1 977.5 739.7 767.7 606.5 530.2 490.9 503.9 486.7 435.8 410.2 377 328.5 285.8 246.6
Non-Current Assets
Property, Plant & Equipment 21,651 22,275 23,124 24,118 21,074 20,779 24,336 25,500 24,958 23,879 23,992 23,520 20,111 18,643 17,771 18,858 16,761 15,606 14,651 14,621 12,084 11,090 11,829 13,882 15,025 15,228 15,284 17,142 15,364 11,614 12,436 14,274 12,724 10,704 12,059 13,653 11,711 10,168 11,553 13,538 11,602 8,079 6,771 5,587 7,424 6,856 8,397 1,760 1,754 1,803 1,749 1,751 1,780 1,586 1,654 1,617 1,433 1,273 1,242 1,314 1,332 1,347 1,352 1,301.3 1,399.9 1,432.8 1,298.2 0 0 192 161.9 155.7 145.6 142.9 86.1 65.5 61.4 55 47.7 41.6 35.1 29.4 27.2 26.1 25.4 24.2 24.3 24.3
Goodwill 1,120 1,129 1,127 1,133 1,091 1,071 1,109 1,087 1,088 1,099 1,081 1,082 1,076 1,070 1,031 1,066 1,096 1,108 1,114 1,127 1,121 1,137 1,112 1,077 1,069 1,101 1,083 1,107 1,086 1,092 1,064 1,049 1,085 1,073 1,065 1,043 1,013 1,007 1,013 1,004 1,006 76 76 76 75 75 2,195 0 0 0 0 0 10,699 10,273 0 0 0 0 0 0 0 0 0 0 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 624 589 594 602 598 601 647 650 658 670 658 669 659 666 662 685 706 724 738 739 750 774 780 790 794 798 792 806 809 825 844 843 849 850 863 867 859 870 885 896 918 475 480 478 471 464 758 13,459 13,663 13,521 13,231 13,213 2,464 4,085 6,278 6,312 7,061 5,117 3,642 5,242 5,311 5,343 4,285.2 4,317.5 4,608.9 6,043.4 6,020.7 6,147.4 5,346.9 0 478.2 427.8 334.3 355.5 290.8 281.5 276 263 264.6 261.7 195.7 173.4 173.1 176.4 127.5 174.2 175.1 177
Long-Term Investments 1,546 781 794 435 538 587 608 555 665 671 872 741 610 629 617 350 267 383 312 307 376 424 652 694 761 1,053 1,645 1,168 1,446 1,373 1,457 877 921 1,285 1,284 697 818 1,150 1,073 361 361 256 241 228 117 28 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Assets 1,243 2,285 2,157 1,983 1,865 2,183 2,165 1,915 2,015 2,243 2,003 1,693 1,550 1,654 1,824 1,648 1,435 1,317 1,219 1,134 1,062 1,120 1,145 1,270 2,179 1,139 797 508 671 770 695 533 553 790 617 555 654 1,138 1,066 1,051 1,683 435 386 1,397 947 1,188 2,010 21,302 19,422 18,567 17,302 16,426 16,481 12,161 15,205 15,727 13,069 5,742 5,797 4,252 4,105 3,867 5,786.8 6,069.3 9,245.3 8,193.4 7,991.7 10,091.2 8,463.5 1,235.9 518.8 515.1 563.4 516.6 389.9 380 36.2 33.1 27.7 33.1 33.5 22.3 19.7 26.6 82.9 26.3 23 29.9
Total Non-Current Assets 28,424 30,101 30,283 29,915 26,904 27,919 30,430 31,422 31,195 31,280 30,078 29,162 25,405 24,041 23,221 24,030 21,805 20,753 19,343 19,277 16,741 15,743 16,961 19,450 21,625 21,784 20,961 22,169 20,765 17,060 17,561 18,696 17,099 15,777 17,454 18,457 16,686 15,972 17,033 18,340 17,126 9,924 8,564 8,363 9,604 9,169 13,491 38,481 35,461 34,559 33,228 32,457 32,539 29,060 23,484 24,924 22,872 12,132 10,681 10,808 10,748 10,557 11,424 11,688.1 15,254.1 15,669.6 15,310.6 16,238.6 13,810.4 1,427.9 1,158.9 1,098.6 1,043.3 1,015 766.8 727 373.6 351.1 340 336.4 264.3 225.1 220 229.1 235.8 224.7 222.4 231.2
Total Assets 30,603 32,194 32,518 32,371 29,044 29,953 32,749 33,882 33,528 33,419 32,304 31,395 27,388 25,927 25,197 26,095 23,573 22,600 21,610 22,013 18,609 17,538 19,596 21,690 23,552 23,929 23,108 24,455 22,902 19,234 19,741 20,919 19,222 17,843 19,873 20,832 18,978 17,789 19,475 20,483 19,308 11,698 10,257 10,093 10,809 10,255 14,911 42,403 39,757 39,037 36,942 36,167 35,897 32,130 30,895 29,287 27,001 14,516 14,586 15,125 15,042 15,149 14,912.8 17,462.1 18,867.1 20,216.5 20,074.4 20,476.8 16,526.7 3,544.9 3,232.2 3,100.7 2,473.4 2,262.1 1,744.3 1,466.7 1,141.3 957.6 870.2 827.3 768.2 711.8 655.8 639.3 612.8 553.2 508.2 477.8
Current Liabilities
Account Payables 488 453 597 597 499 450 516 555 504 487 514 573 510 466 501 551 513 407 461 446 458 394 404 389 402 378 382 400 415 371 396 412 386 359 426 438 355 343 1,713 1,743 1,574 195 162 151 0 0 250 4,758 4,659 4,688 4,298 4,077 4,287 3,288 2,703 2,749 2,003 1,413 1,076 1,043 1,106 1,152 1,276.1 1,234.9 1,585.2 1,518 1,489.3 1,970.5 1,691.4 463.9 459.4 411 405.4 348.9 138.4 101.1 124.9 102.9 102.7 100.4 78.5 126.9 110.7 115.4 105.5 109.9 111.4 98
Short-Term Debt 23 704 694 660 1,135 648 1,123 595 963 608 551 540 567 582 515 514 563 515 502 516 538 533 520 532 630 498 515 853 497 23 23 24 26 26 26 26 474 279 338 28 327 8 9 12 11 12 11 1,082 1,209 1,629 711 52 30 328 221 504 265 0 0 0 0 400 0 0 0 0 2,702.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 6 6
Deferred Revenue 224 155 186 306 236 149 201 311 257 168 228 362 302 188 248 372 322 185 217 335 151 0 0 112 0 125 141 230 176 140 161 247 194 135 154 234 164 114 0 (1,743) (1,574) 0 0 107 0 0 449 821 850 854 610 647 680 699 984 1,011 227 0 0 0 0 0 0 0 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 650 1,412 1,033 1,103 1,032 1,347 946 943 918 1,208 940 927 916 1,133 990 879 904 1,108 816 735 693 1,009 862 737 894 1,029 801 773 788 774 833 735 782 731 659 659 694 652 0 0 0 0 0 409 867 877 561 0 0 0 0 0 0 1 2,850 0 710 (525) 3,342 3,921 3,942 4,058 1,230 1,442.6 1,342.1 1,353.7 1,392.2 1,850 0 24.6 13.4 34 76 29.4 14.1 12.9 24.9 0 0 0 31 0 0 0 17.3 13.6 0 0
Total Current Liabilities 2,949 2,889 3,165 3,207 3,368 2,720 3,326 2,866 3,074 2,659 2,763 2,844 2,749 2,574 2,746 2,771 2,702 2,408 2,498 2,467 2,190 2,053 2,166 2,103 2,263 2,225 2,290 2,669 2,258 1,716 1,908 1,856 1,803 1,645 1,892 1,875 2,063 1,767 2,051 1,771 1,901 1,372 1,328 1,284 878 889 1,271 6,661 6,718 7,171 5,619 4,776 4,997 4,316 6,758 4,264 3,205 1,911 4,418 4,964 5,048 5,610 2,506.1 2,677.5 2,927.3 2,871.7 5,584.2 3,820.5 1,691.4 488.5 472.8 445 481.4 378.3 152.5 114 149.8 102.9 102.7 100.4 109.5 126.9 110.7 115.4 122.8 129.5 117.4 104
Non-Current Liabilities
Long-Term Debt 24,412 8,663 6,020 6,038 5,429 5,373 5,465 5,233 5,032 4,791 4,736 4,668 4,662 18,277 4,563 18,552 16,621 15,203 14,581 14,510 4,264 10,886 12,327 14,276 3,396 14,269 14,763 15,345 14,520 13,569 14,259 15,109 13,777 12,648 13,972 14,747 12,853 11,960 13,628 14,667 13,372 8,083 6,752 6,493 7,228 6,789 8,725 20,688 19,323 18,295 18,181 19,451 18,318 15,437 15,262 14,358 13,492 3,988 4,217 2,072 4,412 2,445 6,137.9 7,885.7 9,685 10,259.7 7,504.3 9,015.4 6,903.3 629.6 562.9 566 23.5 23.5 23.4 14.7 14.4 14.3 14 15.5 15 14.7 14.7 14.3 22.2 22.7 24.6 36.4
Deferred Tax Liabilities 2,697 3,614 2,982 2,035 2,176 3,354 3,114 3,231 3,325 4,268 3,092 2,997 2,820 2,754 2,636 2,484 2,323 2,242 1,734 1,537 1,470 1,383 1,685 2,013 2,204 2,992 2,058 2,029 1,995 2,046 1,775 1,727 1,567 1,738 2,424 2,437 2,453 2,575 2,370 2,350 2,410 1,269 1,269 1,267 1,246 1,215 1,247 2,628 1,068 1,092 1,339 1,018 1,017 1,014 1,030 1,030 1,030 476 321 317 312 310 439.1 253 366.8 418.2 257.9 264.8 298.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,233 (1,765) 844 1,280 1,050 780 829 1,266 1,181 943 910 1,158 969 916 833 924 836 852 956 1,285 1,175 1,114 1,171 1,077 1,201 1,395 1,319 1,815 1,573 1,251 1,077 1,644 1,434 1,093 1,025 1,464 1,314 1,104 952 1,356 1,254 749 682 (440) 1,334 1,318 1,083 997 1,686 1,982 1,335 704 1,555 1,544 1,565 3,531 3,556 3,309 884 3,232 833 3,100 504.5 347.1 321.1 359.2 548.4 998.7 1,291.9 780.2 701.6 707.4 713.4 685.9 521.5 532.4 249.9 214.9 198.6 209.9 200.4 174.3 170.6 181.5 182.9 157 152.8 162
Total Non-Current Liabilities 30,936 32,347 31,727 31,897 28,487 29,550 29,652 31,498 30,962 31,103 29,569 28,676 25,080 24,053 22,958 23,973 21,854 20,401 19,310 19,454 16,735 15,640 17,506 19,740 20,997 21,048 20,323 21,410 20,320 17,104 17,312 18,691 16,964 15,625 17,580 18,809 16,774 15,801 16,950 18,373 17,036 10,101 8,703 8,587 9,808 9,322 11,055 24,628 22,402 21,680 21,172 21,487 21,210 18,302 17,857 18,919 18,078 7,773 5,422 5,621 5,557 5,855 7,081.5 8,485.8 10,372.9 11,037.1 8,310.6 10,278.9 8,493.7 1,409.8 1,264.5 1,273.4 736.9 709.4 544.9 547.1 264.3 229.2 212.6 225.4 215.4 189 185.3 195.8 205.1 179.7 177.4 198.4
Total Liabilities 33,885 35,236 34,892 35,104 31,855 32,270 32,978 34,364 34,036 33,762 32,332 31,520 27,829 26,627 25,704 26,744 24,556 22,809 21,808 21,921 18,925 17,693 19,672 21,843 23,260 23,273 22,613 24,079 22,578 18,820 19,220 20,547 18,767 17,270 19,472 20,684 18,837 17,568 19,001 20,144 18,937 11,473 10,031 9,871 10,686 10,211 12,326 31,289 29,120 28,851 26,791 26,263 26,207 22,618 24,615 23,183 21,283 9,684 9,840 10,585 10,605 11,465 9,587.6 11,163.3 13,300.2 13,908.8 13,894.8 14,099.4 10,185.1 1,898.3 1,737.3 1,718.4 1,218.3 1,087.7 697.4 661.1 414.1 332.1 315.3 325.8 324.9 315.9 296 311.2 327.9 309.2 294.8 302.4
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 13 13 13 12 12 12 12 10 10 10 9 9 9 9 9 8.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 856 1,139 1,886 1,528 1,524 2,029 3,988 3,751 3,738 3,854 3,952 3,326 2,891 2,579 2,156 1,122 344 (185) (567) (1,242) (1,640) (1,470) (1,380) (1,425) (944) (785) (927) (1,116) (1,178) (1,091) (1,103) (1,316) (1,344) (1,222) (1,442) (1,687) (1,690) (1,639) (1,608) (1,817) (1,853) (2,703) (2,729) (2,691) (2,699) (2,693) (464) 5,418 4,799 4,430 3,949 3,567 3,258 3,011 2,719 2,508 2,266 2,027 1,883 1,669 1,494 1,425 2,906.2 2,704.5 1,842.2 1,480.2 1,377.5 1,658.5 1,759.5 999.8 892.2 799.9 722.4 667.2 560.4 482.7 434.4 344.2 305.5 270.6 236.4 203.6 173.4 118.8 118.8 93.6 70.8 50.5
Accumulated Other Comprehensive Income (136) (138) (153) (135) (202) (210) (112) (135) (140) (96) (130) (90) (111) (101) (185) (130) (94) (133) (176) (161) (163) (187) (194) (223) (256) (157) (173) (139) (137) (133) (78) (72) (22) (24) (44) (78) (126) (154) (47) (73) (77) (28) 3 (37) (117) (196) 84 191 165 209 (23) 4 (14) (3) (230) (233) (234) (234) (204) (173) (75) (42) (15.1) (390) (480) (490.6) (474) 0 0 0 0 0 0 0 0 0 (73.6) (66.2) (60.7) (55.6) (48.9) (46) (43.9) (40) (40) (38.1) (36.2) (34.4)
Total Stockholders' Equity (3,415) (3,129) (2,399) (2,745) (2,822) (2,327) (238) (490) (515) (349) (33) (129) (444) (703) (509) (654) (992) (220) (198) 92 (316) (155) (76) (153) 292 656 495 376 324 414 521 372 455 573 401 148 141 221 474 339 371 225 226 222 123 44 2,585 11,114 10,637 10,186 9,776 9,529 9,315 9,137 5,905 5,729 5,343 2,774 2,690 2,486 2,583 2,206 3,849.3 4,824.2 4,093.4 4,835.6 4,707.5 4,950.9 4,894.6 1,646.6 1,494.9 1,382.3 1,255.1 1,174.4 1,046.9 805.6 727.2 625.5 554.9 501.5 443.3 395.9 359.8 328.1 284.9 244 213.4 175.4
Total Liabilities & Equity 30,603 32,194 32,518 32,371 29,044 29,953 32,749 33,882 33,528 33,419 32,304 31,395 27,388 25,927 25,197 26,095 23,573 22,600 21,610 22,013 18,609 17,538 19,596 21,690 23,552 23,929 23,108 24,455 22,902 19,234 19,741 20,919 19,222 17,843 19,873 20,832 18,978 17,789 19,475 20,483 19,308 11,698 10,257 10,093 10,809 10,255 14,911 42,403 39,757 39,037 36,942 36,167 35,897 32,130 30,895 29,287 27,001 14,516 14,586 15,125 15,042 15,149 14,912.8 17,462.1 18,867.1 20,216.5 20,074.4 20,476.8 16,526.7 3,544.9 3,232.2 3,100.7 2,473.4 2,262.1 1,744.3 1,466.7 1,141.3 957.6 870.2 827.3 768.2 711.8 655.8 639.3 612.8 553.2 508.2 477.8
Debt Metrics
Total Debt 27,672 31,169 28,595 29,242 26,396 26,041 26,832 27,596 27,419 26,453 26,118 25,061 21,858 20,919 20,004 21,079 19,258 17,805 17,122 17,148 14,628 13,659 15,170 17,182 18,222 17,122 17,461 18,419 17,249 13,783 14,483 15,344 13,989 12,820 14,157 14,934 13,481 12,401 13,966 14,695 13,699 8,091 6,761 6,505 7,239 6,801 8,736 21,770 20,532 19,924 18,892 19,503 18,348 15,765 15,483 14,862 13,757 3,988 4,217 2,072 4,412 2,845 6,137.9 7,885.7 9,685 10,259.7 10,207 9,015.4 6,903.3 629.6 562.9 566 23.5 23.5 23.4 14.7 14.4 14.3 14 15.5 15 14.7 14.7 14.3 22.2 28.7 30.6 42.4
Net Debt 27,144 30,645 28,027 28,696 25,876 25,504 26,227 27,081 26,893 25,894 25,543 24,488 21,309 20,347 19,422 20,498 18,706 17,268 16,232 15,821 14,050 12,966 13,604 15,922 17,540 16,433 16,842 17,882 16,704 13,163 13,866 14,844 13,435 12,202 13,343 14,158 12,558 11,911 12,981 14,168 12,823 7,633 6,291 6,023 6,805 6,456 8,434 21,204 19,900 19,084 18,265 18,923 18,222 15,560 12,282 12,949 11,658 3,021 3,002 838 3,464 1,681 5,514.4 4,822.4 9,164.3 9,251 8,595.8 7,465.7 6,643.9 (357.3) (162.7) (246.2) (529.6) (344.8) (274.1) (271.6) (255.6) (146) (121.2) (118) (165.6) (144) (123.1) (120.1) (94.7) (28.2) (7.4) 14.6
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 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income (234) (747) 360 4 (504) (1,958) 237 14 (114) 259 627 436 312 424 1,031 774 527 381 674 398 (170) (90) 45 (481) (158) 142 189 62 (91) 13 213 26 (87) 220 245 3 (107) (31) 209 36 (51) 351 391 63 691 441 581 193 382 309 247 253 239 342 (345) 211 265 203 214 116 127 (1,481) 201.7 862.3 362 102.7 23.1 184.3 229.5 105.2 92.3 70.5 89.5 (7.7) 34 48.3 48 42.5 38.7 34.2 32.8 30.2 28 26.6 25.2 22.8 20.3 19.1
Depreciation & Amortization 1,017 960 1,010 988 1,011 1,061 1,079 944 925 832 990 844 784 774 737 667 633 738 525 654 563 574 675 598 714 738 844 842 718 504 602 603 521 512 613 581 500 488 585 564 493 471 562 354 448 905 1,196 560 949 757 737 1,764 (415) 631 1,821 (564) 635 (27) 119 126 112 123.6 121.1 420.9 403.4 396.4 575.5 253.8 356.9 182.7 169.9 168.9 174.2 261.5 141.4 127.2 123.5 119.7 108.2 102.5 99.1 96.1 92.8 90.8 94.7 81.8 81.7 79.4
Stock-Based Compensation 1 0 4 6 6 5 1 6 7 6 8 8 8 6 7 6 6 5 11 10 4 3 4 4 (2) 4 6 7 5 6 6 7 5 5 1 6 1 6 7 7 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (387) (254) (76) (200) (311) (149) (210) (133) (281) (455) (332) (226) (68) (975) (31) (22) 275 (217) 220 (112) (109) 77 (342) (150) (45) 73 (53) (370) 48 (37) 52 (57) 81 (4) (7) (38) 23 (33) 71 (56) (51) (121) 150 (111) 246 (296) 333 (65) 380 (391) 283 70 (3,127) (331) 37 87 138 986 134 107 264 (2,000.7) (2,113.8) 2,410.8 (989.5) 2,495.6 (1,238.1) (607.2) 407 (148) (66.8) (76.2) 49.7 97.3 (49.3) (29.5) 27.8 (43.7) (38.2) (42.6) (5.8) (10.6) (25.6) (19.6) 23.5 (7.3) (11.8) (10.9)
Other Non-Cash Items 37 502 105 39 417 1,813 166 53 52 (40) 104 106 (217) (66) (253) (202) (293) (342) 8 9 (32) (188) 8 8 (132) (199) 7 8 (232) 14 126 48 (21) 66 48 113 3 47 162 55 68 (252) (56) 287 90 (22) (8) 114 (32) 126 (164) (1,219) 2,965 167 (1,467) 1,261 (10) (287) (77) (187) (494) 4,363.6 2,584.5 (3,398.8) 1,161.9 (2,877.5) 1,393.9 (280.2) (795.4) (138.5) (7.9) (7.9) 8.2 6.9 (14.1) (1.9) (93.5) (105.5) (5.4) (2.5) (3.3) (1) (98.3) (86.3) (62.5) (70.5) (83.7) (73.3)
Operating Cash Flow 434 437 1,403 837 619 772 1,273 884 589 793 1,253 963 819 845 1,491 1,223 1,148 943 1,293 919 336 59 282 (20) 370 655 966 525 440 514 974 618 503 607 902 692 447 528 1,031 607 463 901 1,047 593 939 830 3,777 1,061 1,274 1,090 900 1,085 (95) (559) 609 984 1,110 875 390 162 9 1,005.5 793.5 295.2 937.8 117.2 754.4 (449.3) 198 1.1 43.1 21.3 177.9 70.9 (16.5) 28.3 108.1 13.1 2.8 94.9 49.5 26.9 4.9 16.3 76.6 21.9 12 16.8
Investing Activities
Capital Expenditure (3,523) 6,783 (2,882) (5,021) (3,819) (1,774) (1,295) (2,859) (1,465) (2,669) (3,803) (3,368) (3,924) (673) 293 (2,603) (2,764) (1,297) (863) (2,560) (1,365) 696 2,113 1,746 (1,297) 296 86 (1,709) (1,350) 312 183 (1,956) (1,711) 803 205 (2,115) (1,028) 756 268 (1,767) (1,404) (8,573) 3,155 (3,348) 3,982 (4,182) (154) (111) 5,829 (6,027) 12,410 (12,670) (84) (55) (107) (91) (91) (70) (16) (82) (49) (123.4) (89.4) (206.6) (62.6) (308.2) (59.8) (2,772.7) (66.5) (20.8) (16.6) (14.9) (4.3) (37.6) (9.8) (8) (9.9) (8.2) (6.1) (6) (7.2) (4.4) (3.3) (2.7) (3.2) (1.7) (2.2) (2)
Acquisitions 0 3,371 0 1,897 0 0 0 0 0 2,286 2,129 1,694 (3) (1,998) (2,014) (978) (1,616) 0 (12) 629 1,679 1,367 2,677 2,205 2,448 2,634 (14) 0 (5) 2,877 (36) (18) (10) (4) (3) (14) 0 (51) (1) (2) (1) 0 0 (455) (213) (165) (93) (99) 0 (81) (748) 0 (384) (239) (850) (180) (749) 0 0 0 (8) 0 0 0 0 314.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (294) (264) (199) (225) (384) (130) (295) (119) (254) (116) (96) (224) (105) (88) (141) (126) (84) (107) (97) (139) (24) (43) (68) (64) (175) (30) (54) (89) (78) (72) (94) (22) 0 (28) 0 0 (33) 0 0 0 0 0 0 0 0 0 0 0 0 0 (27) 0 0 0 (120) (2) (4) 0 0 0 0 (679.3) 0 0 0 (2,376.8) 0 0 (139.2) 0 (127.8) (330.3) 0 (52.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 464 115 163 108 397 105 211 125 260 77 72 86 71 40 198 23 44 58 73 36 25 46 123 60 39 24 90 47 0 30 22 0 0 (53) 0 0 87 (107) 56 0 0 0 0 0 0 0 0 0 0 0 29 0 0 0 5 8 16 0 0 0 0 0 0 0 0 982.3 0 0 0 335.5 15.8 42.6 29.2 73.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 3,781 (9) 2,220 0 3,091 1,742 1,238 1,816 2,610 6 (18) (1,724) 2,283 1,996 1,958 979 1,639 738 3 (6) (2) (5) (2) 64 0 (4) 0 39 (1) 0 (4) (16) (15) 0 5 80 0 (1) 0 (108) 200 8,567 (5,500) 2,628 (5,367) 2,737 (549) (602) (6,925) 5,412 (12,522) 11,351 169 853 (532) (749) (1,454) (794) (190) 130 (93) 1,469.1 (102.6) 1,348 306.8 1,037.9 (46.4) 487.1 (1,404.3) (17.5) (11.8) (47.1) (15.4) (25.6) (14.4) (10.6) (18.3) 7.4 1.3 (51) (22.1) (3.9) (0.2) (0.9) (8.4) (2.5) (1.7) (1.8)
Investing Cash Flow 428 (339) (698) (3,241) (715) (57) (141) (1,037) (1,518) (416) (1,716) (3,536) (1,678) (723) 294 (2,705) (1,165) (1,375) (896) (2,669) (1,366) 694 2,166 1,799 (1,482) 286 108 (1,712) (1,434) 251 71 (2,012) (1,736) 720 95 (2,047) (972) 606 326 (1,877) (1,204) (6) (2,345) (1,175) (1,598) (1,610) (796) (812) (1,096) (696) (858) (1,319) (299) 559 (1,604) (1,014) (2,282) (864) (206) 48 (150) 666.4 (192) 1,141.4 244.2 (350) (106.2) (2,285.6) (1,610) 297.2 (140.4) (349.7) 9.5 (41.5) (24.2) (18.6) (28.2) (0.8) (4.8) (57) (29.3) (8.3) (3.5) (3.6) (11.6) (4.2) (3.9) (3.8)
Financing Activities
Net Debt Issuance (799) (117) (663) 2,373 105 (691) (1,056) 149 959 162 1,020 2,790 906 537 (924) 2,013 1,337 586 93 2,534 945 (1,654) (2,146) (1,171) 1,074 (764) (881) 1,114 946 (702) (865) 1,441 1,046 (1,410) (928) 1,241 1,023 (1,503) (777) 1,030 1,244 (1,027) 883 1,953 645 1,138 (2,952) 247 99 280 21 (61) (161) (830) 620 1,376 946 44 (49) 28 (749) (974.3) (1,744) 1,245 (579) (115.9) (679.8) 4,136.1 (10.8) (58.6) (2.2) 540.9 (1.9) (4.1) 0.8 1.2 0 0 0 0 0 0 0 0 (6.1) 0.1 0 (15.2)
Stock Repurchased (7) (3) (1) 3 (3) (45) (9) (1) (15) (261) (490) (149) (51) (755) (826) (449) (1,299) (463) (975) (3) (19) 0 (1) 0 (118) (2) (61) 0 (4) (73) (65) (64) (14) (66) (35) (48) (61) (98) (116) (88) (95) (558) (229) (231) (350) (612) (380) (249) (309) (152) (81) (70) (80) (57) 74 (46) (18) (75) (6) (102) (198) (228.1) (1,293) (200) (1,142) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 (355) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (117) (96) (96) (72) (72) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (16) 0 0 0 (4) (2) (14) (9) (47) (18) (18) (16) (14) (4) 30 (12) (8) (14) 30 (15) (12) (8) (12) (15) (9) (6) 5 (24) (5) (12) (5) (12) (8) (7) (1) (4) (12) (9) (7) (16) (11) 380 (175) (263) (34) (73) (15) (1) (18) (77) (26) (14) (16) (8) (771) (37) (26) 193 (169) 91 371 0 6 (5.6) (0.2) (1,446.7) (12.7) 47.1 1,412.3 0.1 (0.1) 0 (1.5) (0.1) (2.8) (7.5) (2.5) 0 0 0 0 0 0 0 0.1 (0.1) (0.1) 0.1
Financing Cash Flow (822) (120) (664) 2,373 98 (738) (1,079) 139 897 (472) 512 2,625 841 (222) (1,720) 1,552 30 109 (852) 2,516 914 (1,662) (2,159) (1,186) 962 (772) (937) 1,090 937 (787) (935) 1,365 1,024 (1,483) (964) 1,189 950 (1,611) (900) 926 1,147 (1,168) 582 1,483 540 588 (3,148) 118 (134) 83 (76) (149) (214) (832) (227) 1,321 995 (252) (209) 54 (76) (1,151) (3,007.2) 1,061.4 (1,691.2) (363) (660.3) 4,167.2 1,545.7 (48.2) 10.6 587.5 (2.5) 16.4 13.8 6.7 1.5 12.7 3.8 9.8 1.8 2.4 1.9 4.8 (5) 1.1 2.1 (13.7)
Cash Position
Net Change in Cash 33 50 36 26 10 (52) 66 (16) (45) (77) 39 53 (13) (79) 37 47 11 (319) (466) 772 (126) (895) 321 618 (179) 192 123 (91) (59) (33) 107 (40) (200) 87 38 (147) 433 (495) 458 (349) 424 (267) (718) 874 (66) (208) (164) 377 47 454 (1,816) 1,456 (652) (833) (1,230) 1,288 (186) (248) (19) 286 (216) 540.5 (2,439.8) 2,542.6 (486.4) (602.5) 61.5 1,439.8 109.9 250.1 (86.7) 259.1 184.9 45.8 (26.9) 16.4 81.4 25 1.8 47.7 22 21 3.3 17.5 60 18.8 10.2 (0.7)
Cash at Beginning 618 568 603 520 597 649 583 599 644 721 682 629 642 721 684 637 626 945 1,411 639 765 1,660 1,339 721 900 708 585 676 735 768 661 701 901 814 776 923 490 985 527 876 452 623 1,341 467 632 840 1,004 627 580 126 1,942 486 1,138 1,971 3,201 1,913 2,099 1,215 1,234 948 1,164 623.5 3,063.3 520.7 1,007.1 1,611.2 1,549.7 109.9 149.5 0 0 553.1 0 0 0 270 0 0 0 180.6 0 0 0 116.9 0 0 0 28.6
Cash at End 651 618 639 546 607 597 649 583 599 644 721 682 629 642 721 684 637 626 945 1,411 639 765 1,660 1,339 721 900 708 585 676 735 768 661 701 901 814 776 923 490 985 527 876 356 623 1,341 566 632 840 1,004 627 580 126 1,942 486 1,138 1,971 3,201 1,913 967 1,215 1,234 948 1,164 623.5 3,063.3 520.7 1,008.7 1,611.2 1,549.7 259.4 250.1 (86.7) 812.2 184.9 45.8 (26.9) 286.4 81.4 25 1.8 228.3 22 21 3.3 134.4 60 18.8 10.2 27.9
Free Cash Flow (3,089) 7,220 (1,479) (4,184) (3,200) (1,002) (22) (1,975) (876) (1,876) (2,550) (2,405) (3,105) 172 1,784 (1,380) (1,616) (354) 430 (1,641) (1,029) 755 2,395 1,726 (927) 951 1,052 (1,184) (910) 826 1,157 (1,338) (1,208) 1,410 1,107 (1,423) (581) 1,284 1,299 (1,160) (941) (7,672) 4,202 (2,755) 4,921 (3,352) 3,623 950 7,103 (4,937) 13,310 (11,585) (179) (614) 502 893 1,019 805 374 80 (40) 882.1 704.1 88.6 875.2 (191) 694.6 (3,222) 131.5 (19.7) 26.5 6.4 173.6 33.3 (26.3) 20.3 98.2 4.9 (3.3) 88.9 42.3 22.5 1.6 13.6 73.4 20.2 9.8 14.8
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 2,530 2,664 3,519 3,039 2,430 2,710 3,480 3,048 2,551 2,764 3,564 3,123 2,557 2,771 3,547 3,244 2,432 2,569 3,001 2,371 1,372 1,355 1,534 760 1,753 2,162 2,753 2,337 1,920 2,050 2,778 2,328 1,968 2,019 2,752 2,238 1,839 1,879 2,656 2,252 1,881 1,902 2,577 2,173 1,850 1,887 2,542 2,194 1,862 1,849 2,395 2,004 1,691 1,698 2,170 1,866 1,623 1,630 1,623 1,412 1,235 1,226 1,512 1,294 1,153 1,160 1,465 1,312 1,194 1,254 1,701 1,577 1,445 1,426 1,719 1,516 1,365 1,331 1,566 4,252 4,217 4,578 5,046 4,735 3,877 4,904 5,363 5,209 4,477 4,456 4,580 3,850 3,784 2,580 2,403 1,303 968 1,044 1,137 1,128
Gross Profit 412 513 1,273 809 340 451 1,124 815 579 775 1,352 1,056 717 911 1,573 1,446 841 897 1,316 942 229 234 329 (188) 227 494 884 600 338 470 881 541 359 448 886 560 296 338 853 1,638 1,353 1,383 1,947 1,600 1,350 1,354 1,883 1,605 1,365 1,356 1,799 1,460 1,248 1,249 1,657 1,452 1,231 1,165 840 687 576 853 807 655 541 761 734 664 554 1,678 854 766 667 1,831 884 731 654 1,799 743 1,650 1,744 1,748 2,179 2,001 1,625 2,283 2,586 2,476 2,237 2,058 2,179 1,829 1,953 1,744 1,615 870 535 824 749 787
Operating Income 48 168 708 392 5 103 716 428 219 425 907 638 355 554 1,151 1,055 525 562 912 608 4 37 115 (362) (80) 140 462 225 (3) 142 473 156 7 145 499 213 (9) 100 481 139 (17) 71 375 171 68 81 371 168 76 72 344 142 59 45 347 237 87 (70) 258 204 121 (162) 270 151 57 (241) 197 129 60 (1,611) 1,481 133 103 (1,361) 249 123 113 (719) 791 618 454 889 879 682 774 546 905 1,153 590 514 690 620 1,939 1,124 524 89 302 456 319 408
Net Income (283) (747) 359 4 (505) (1,958) 237 14 (114) 259 626 435 312 423 1,034 778 529 382 675 398 (170) (90) 45 (481) (158) 142 189 62 (91) 13 213 26 (87) 220 245 3 (107) (31) 209 36 (51) (5) 184 143 (9) 23 192 26 4 (28) 118 (28) (46) (46) 280 79 (23) (170) 82 52 7 (24) 90 26 (38) (49) 57 (6) (49) (121) (1,006) 15 (12) (1,056) 103 24 13 3 (1,013) 121 70 536 496 387 (82) 357 593 691 441 288 382 247 34 (307) 242 516 89 214 175 69
EPS (Diluted) -8.02 -21.22 10.11 0.11 -14.35 -55.66 6.64 0.39 -3.20 7.12 16.78 11.01 7.72 10.10 21.68 15.72 9.71 6.63 10.45 5.63 -2.43 -1.29 0.63 -6.91 -2.17 1.90 2.50 0.81 -1.20 0.16 2.68 0.32 -1.07 2.65 2.91 0.04 -1.25 -0.35 2.28 0.38 -0.53 -0.05 1.77 1.34 -0.08 0.21 1.74 0.24 0.03 -0.26 1.02 -0.26 -0.43 -0.43 2.38 0.66 -0.22 -1.61 0.65 0.42 0.06 -0.23 0.73 0.22 -0.37 -0.48 0.54 -0.06 -0.48 -1.19 -9.90 0.15 -0.12 -9.68 0.99 0.23 0.12 0.04 -10.07 -10.52 0.70 -0.39 4.72 3.60 -0.80 3.48 5.60 6.60 4.20 2.81 3.70 2.40 0.10 -3.14 2.30 2.60 1.48 2.90 2.40 0.90
Balance Sheet
Cash & Equivalents 528 524 568 546 520 537 605 515 526 559 575 573 549 572 582 581 552 537 890 1,327 578 693 1,566 1,260 682 689 619 537 545 620 617 500 554 618 814 776 923 490 985 527 876 458 470 482 434 345 302 566 632 840 627 580 126 205 3,201 1,913 2,099 967 1,215 1,234 948 1,164 623.5 3,063.3 520.7 1,008.7 1,611.2 1,549.7 259.4 986.9 725.6 812.2 553.1 368.3 297.5 286.3 270 160.3 135.2 133.5 180.6 158.7 137.8 134.4 116.9 56.9 38 27.8
Total Assets 30,603 32,194 32,518 32,371 29,044 29,953 32,749 33,882 33,528 33,419 32,304 31,395 27,388 25,927 25,197 26,095 23,573 22,600 21,610 22,013 18,609 17,538 19,596 21,690 23,552 23,929 23,108 24,455 22,902 19,234 19,741 20,919 19,222 17,843 19,873 20,832 18,978 17,789 19,475 20,483 19,308 11,698 10,257 10,093 10,809 10,255 14,911 42,403 39,757 39,037 36,942 36,167 35,897 32,130 30,895 29,287 27,001 14,516 14,586 15,125 15,042 15,149 14,912.8 17,462.1 18,867.1 20,216.5 20,074.4 20,476.8 16,526.7 3,544.9 3,232.2 3,100.7 2,473.4 2,262.1 1,744.3 1,466.7 1,141.3 957.6 870.2 827.3 768.2 711.8 655.8 639.3 612.8 553.2 508.2 477.8
Total Debt 27,672 31,169 28,595 29,242 26,396 26,041 26,832 27,596 27,419 26,453 26,118 25,061 21,858 20,919 20,004 21,079 19,258 17,805 17,122 17,148 14,628 13,659 15,170 17,182 18,222 17,122 17,461 18,419 17,249 13,783 14,483 15,344 13,989 12,820 14,157 14,934 13,481 12,401 13,966 14,695 13,699 8,091 6,761 6,505 7,239 6,801 8,736 21,770 20,532 19,924 18,892 19,503 18,348 15,765 15,483 14,862 13,757 3,988 4,217 2,072 4,412 2,845 6,137.9 7,885.7 9,685 10,259.7 10,207 9,015.4 6,903.3 629.6 562.9 566 23.5 23.5 23.4 14.7 14.4 14.3 14 15.5 15 14.7 14.7 14.3 22.2 28.7 30.6 42.4
Stockholders' Equity (3,415) (3,129) (2,399) (2,745) (2,822) (2,327) (238) (490) (515) (349) (33) (129) (444) (703) (509) (654) (992) (220) (198) 92 (316) (155) (76) (153) 292 656 495 376 324 414 521 372 455 573 401 148 141 221 474 339 371 225 226 222 123 44 2,585 11,114 10,637 10,186 9,776 9,529 9,315 9,137 5,905 5,729 5,343 2,774 2,690 2,486 2,583 2,206 3,849.3 4,824.2 4,093.4 4,835.6 4,707.5 4,950.9 4,894.6 1,646.6 1,494.9 1,382.3 1,255.1 1,174.4 1,046.9 805.6 727.2 625.5 554.9 501.5 443.3 395.9 359.8 328.1 284.9 244 213.4 175.4
Cash Flow
Operating Cash Flow 434 437 1,403 837 619 772 1,273 884 589 793 1,253 963 819 845 1,491 1,223 1,148 943 1,293 919 336 59 282 (20) 370 655 966 525 440 514 974 618 503 607 902 692 447 528 1,031 607 463 901 1,047 593 939 830 3,777 1,061 1,274 1,090 900 1,085 (95) (559) 609 984 1,110 875 390 162 9 1,005.5 793.5 295.2 937.8 117.2 754.4 (449.3) 198 1.1 43.1 21.3 177.9 70.9 (16.5) 28.3 108.1 13.1 2.8 94.9 49.5 26.9 4.9 16.3 76.6 21.9 12 16.8
Capital Expenditure (3,523) 6,783 (2,882) (5,021) (3,819) (1,774) (1,295) (2,859) (1,465) (2,669) (3,803) (3,368) (3,924) (673) 293 (2,603) (2,764) (1,297) (863) (2,560) (1,365) 696 2,113 1,746 (1,297) 296 86 (1,709) (1,350) 312 183 (1,956) (1,711) 803 205 (2,115) (1,028) 756 268 (1,767) (1,404) (8,573) 3,155 (3,348) 3,982 (4,182) (154) (111) 5,829 (6,027) 12,410 (12,670) (84) (55) (107) (91) (91) (70) (16) (82) (49) (123.4) (89.4) (206.6) (62.6) (308.2) (59.8) (2,772.7) (66.5) (20.8) (16.6) (14.9) (4.3) (37.6) (9.8) (8) (9.9) (8.2) (6.1) (6) (7.2) (4.4) (3.3) (2.7) (3.2) (1.7) (2.2) (2)
Free Cash Flow (3,089) 7,220 (1,479) (4,184) (3,200) (1,002) (22) (1,975) (876) (1,876) (2,550) (2,405) (3,105) 172 1,784 (1,380) (1,616) (354) 430 (1,641) (1,029) 755 2,395 1,726 (927) 951 1,052 (1,184) (910) 826 1,157 (1,338) (1,208) 1,410 1,107 (1,423) (581) 1,284 1,299 (1,160) (941) (7,672) 4,202 (2,755) 4,921 (3,352) 3,623 950 7,103 (4,937) 13,310 (11,585) (179) (614) 502 893 1,019 805 374 80 (40) 882.1 704.1 88.6 875.2 (191) 694.6 (3,222) 131.5 (19.7) 26.5 6.4 173.6 33.3 (26.3) 20.3 98.2 4.9 (3.3) 88.9 42.3 22.5 1.6 13.6 73.4 20.2 9.8 14.8