CBRE Group, Inc. logo CBRE - CBRE Group, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 6
SELL 1
STRONG
SELL
0
| PRICE TARGET: $180.50 DETAILS
HIGH: $185.00
LOW: $178.00
MEDIAN: $179.50
CONSENSUS: $180.50
UPSIDE: 37.71%
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
Revenue
Revenue 10,527 11,629 10,258 9,753 8,910 10,404 9,036 8,391 7,935 8,950 7,868 7,720 7,411 8,194.2 7,529.5 7,771.3 7,332.9 8,550.2 6,798.3 6,458.6 5,938.9 6,910.5 5,645.1 5,381.4 5,889.2 7,119.4 5,925.1 5,714.1 5,135.5 6,293.7 5,261.0 5,111.4 4,674.0 5,499.7 4,638.6 4,439.6 4,051.0 3,823.8 3,193.5 3,207.5 2,846.7 3,700.2 2,712.6 2,390.5 2,052.5 2,787.2 2,275.1 2,126.8 1,860.8 2,233.9 1,733.9 1,742.0 1,475.1 2,005.8 1,557.1 1,601.1 1,350.0 1,763.6 1,534.5 1,422.2 1,185.1 1,651.3 1,266.2 1,171.9 1,025.9 1,296.5 1,023.2 955.7 890.4 1,283.3 1,299.7 1,314.9 1,230.9 1,837.1 1,492.8 1,490.4 1,214.0 1,611.8 903.9 836.2 680.1 956.0 744.2 672.2 538.3 798.2 575.0 550.9 441.0 621.3 321.7 376.5 284.9 337.3 0
Cost of Revenue 8,675 9,851 8,268 618 7,265 8,255 7,252 6,793 6,475 7,067 6,397 6,179 6,006 6,464.9 5,934.5 6,054.0 5,752.2 6,584.3 5,258.9 5,016.8 4,719.5 5,328.7 4,564.6 4,392.1 4,712.7 5,533.9 4,687.3 4,445.8 4,022.0 4,771.6 4,098.9 3,958.7 3,620.0 4,150.8 3,598.3 3,409.5 3,146.5 2,603.1 2,238.1 2,236.4 2,013.6 2,512.2 1,773.7 1,488.0 1,290.8 1,706.3 1,429.0 1,314.5 1,161.5 1,277.0 1,032.3 1,018.8 861.2 1,138.5 908.3 908.1 787.6 1,008.9 894.6 839.8 713.8 930.9 735.4 678.7 615.2 721.2 606.5 566.8 553.4 729.7 755.4 737.2 704.4 967.6 791.9 791.6 649.7 900.6 457.0 412.5 340.4 482.4 380.9 338.7 268.0 406.2 300.7 272.6 224.2 311.5 153.1 0 0 0 0
Gross Profit 1,852 1,778 1,990 9,135 1,645 2,149 1,784 1,598 1,460 1,883 1,471 1,541 1,405 1,729.3 1,595.1 1,717.3 1,580.7 1,966.0 1,539.4 1,441.9 1,219.3 1,581.8 1,080.6 989.2 1,176.5 1,585.6 1,237.8 1,268.3 1,113.5 1,522.1 1,162.0 1,152.7 1,054.0 1,348.9 1,040.3 1,030.0 904.5 1,220.7 955.4 971.1 833.1 1,188.0 938.9 902.5 761.7 1,080.9 846.1 812.3 699.4 956.9 701.5 723.2 613.8 867.3 648.9 693.0 562.4 754.7 639.9 582.4 471.4 720.4 530.8 493.2 410.7 575.3 416.7 388.8 337.0 553.6 544.4 577.7 526.5 869.5 701.0 698.8 564.3 711.3 446.9 423.7 339.6 473.6 363.3 333.5 270.2 392.0 274.3 278.3 216.8 309.7 168.7 376.5 284.9 337.3 0
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
SG&A Expenses 1,460 1,747 1,328 1,275 1,192 1,471 1,215 1,191 1,111 1,209 1,053 1,089 1,070 1,285.6 1,052.8 1,170.4 1,057.9 1,287.3 1,009.5 949.1 828.3 836.3 794.2 740.6 790.1 1,001.2 809.6 844.7 784.4 922.7 831.3 826.3 732.2 834.5 705.0 712.6 606.6 645.2 634.0 671.0 635.6 842.6 626.9 610.2 531.8 741.4 592.4 566.2 528.4 627.6 496.6 499.5 468.0 569.8 457.5 482.4 440.7 603.6 469.1 432.9 377.0 522.1 374.8 372.0 338.7 410.7 338.1 328.7 306.2 425.5 420.4 468.8 432.3 638.6 468.4 469.8 411.9 461.9 293.1 283.6 265.2 302.0 255.7 241.7 223.2 266.9 213.2 230.5 199.3 678.4 137.4 493.9 120.7 0 0
Other Expenses (119) (187) 181 7,506 177 84 201 161 145 170 149 146 298 200.0 167.9 30.0 145.9 86.4 120.2 126.3 121.9 301.6 74.9 154.5 166.1 70.6 111.6 139.2 184.1 140.1 141.0 101.1 108.1 108.1 96.4 89.1 92.7 222.7 148.9 117.5 90.0 138.4 71.9 63.6 69.8 50.8 68.5 40.1 58.5 160.0 46.8 0 0 0 0 (2.1) 6.6 8.5 (5.8) 25.4 23.2 28.9 25.6 27.6 26.3 32.4 24.4 24.2 25.4 1,183.1 15.6 21.0 23.8 21.9 12.2 27.5 27.4 25.5 14.9 12.3 14.9 12.7 11.7 10.8 10.4 14.9 12.3 10.8 16.8 268.4 139.9 324.3 255.6 290.3 (1.2)
Operating Expenses 1,341 1,560 1,509 8,781 1,369 1,555 1,416 1,352 1,256 1,379 1,202 1,235 1,368 1,485.5 1,220.7 1,200.4 1,203.8 1,373.7 1,129.7 1,075.4 950.2 1,137.9 869.2 895.1 956.2 1,071.7 921.1 983.9 968.5 1,062.8 972.3 927.4 840.4 942.7 801.4 801.7 699.3 867.9 782.9 788.5 725.5 981.0 698.8 673.8 601.6 792.2 661.0 606.3 586.9 787.6 543.4 527.5 500.2 587.3 542.3 520.3 487.2 639.5 496.9 458.2 400.2 551.0 400.4 399.6 365.0 443.1 362.5 352.8 331.6 1,608.6 436.0 489.8 456.1 660.4 480.6 497.3 439.3 487.4 308.0 295.9 280.1 314.6 267.4 252.5 233.6 281.7 225.6 241.4 216.1 268.4 139.9 324.3 255.6 290.3 (1.2)
Operating Income
Operating Income 511 218 481 374 276 594 368 246 204 504 269 306 37 243.8 374.4 516.9 377.0 592.2 409.7 366.5 269.1 443.9 211.4 94.2 220.3 513.8 316.6 284.4 145.0 459.3 189.7 225.3 213.6 406.2 239.0 228.3 205.2 352.8 172.5 182.6 107.6 207.0 240.1 228.8 160.1 288.6 185.1 206.0 112.5 169.2 158.1 180.1 99.5 252.7 151.2 172.7 76.1 116.6 143.0 130.2 73.1 172.9 130.6 97.2 45.7 140.4 57.0 38.9 5.5 (1,055.0) 108.4 87.8 70.3 192.0 215.3 198.6 93.1 223.8 138.9 127.9 59.6 159.0 95.9 80.9 36.6 110.2 44.7 25.4 (9.3) 24.3 25.4 52.2 29.3 46.9 (1.2)
Interest Expense 59 27 50 58 50 52 64 63 36 39.4 38.2 43.0 28.4 17.7 20.0 18.5 12.8 15.4 11.0 13.8 10.1 16.0 17.8 17.9 16.0 18.1 21.8 24.6 22.7 24.9 26.7 26.9 28.9 32.9 34.5 35.4 34.0 35.8 37.3 37.0 34.8 35.8 30.7 26.2 26.2 27.7 27.8 28.5 28.0 27.4 27.8 37.5 42.4 43.0 43.7 44.4 44.0 43.2 39.1 34.2 33.7 41.3 49.8 50.3 49.8 52.9 54.1 47.4 34.8 48.1 42.3 51.0 43.4 0 36.2 42.2 103.0 10.3 0 25.8 2.2 13.5 10.4 13.4 12.8 2.0 30.5 30.0 20.7 27.7 19.5 0 14.9 0 1.8
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.5 2.2 1.2 1.5 3.6 2.9 3.1 1.4 2.4 2.5 1.0 3.1 1.5 1.5 1.2 1.4 2.3 1.9 1.6 1.1 1.6 1.3 1.5 1.5 2.0 1.9 1.9 1.6 2.3 2.4 2.5 1.9 2.7 2.0 1.5 3.1 1.8 1.3 1.2 1.2 2.3 13.4 4.4 4.5 5.2 0 7.9 6.0 7.0 2.3 0 3.0 3.6 3.4 0.4 3.1 2.4 4.3 0.7 1.9 2.3 2.5 0.7 0 0.5 0 0.6
Profitability
EBITDA 695 780 670 537 501 705 569 407 396 708 418 451 335 470.2 542.3 546.9 522.9 710.6 529.9 492.8 391.0 778.2 286.3 248.6 386.4 609.9 428.2 423.6 329.1 599.4 330.7 326.4 321.8 514.3 335.4 317.4 297.9 575.5 321.4 300.1 197.6 345.4 312.0 292.4 230.0 339.4 253.7 246.1 171.0 329.2 204.9 223.7 145.8 297.5 191.3 213.1 145.8 229.8 177.7 174.5 114.1 201.3 161.3 142.1 67.2 150.2 76.4 62.6 11.5 (1,023.9) 134.9 115.6 98.8 241.7 239.8 231.0 154.1 253.5 154.3 154.4 75.8 172.9 109.0 93.4 49.2 126.4 70.2 50.0 19.5 80.4 31.2 58.7 33.4 53.4 (1.2)
EBIT 513 591 537 355 276 501 391 246 191 526 269 297 173 292.3 400.1 384.6 373.8 516.5 407.3 373.7 268.9 622.3 158.6 132.3 272.6 469.0 316.6 317.1 223.3 482.5 217.2 213.0 213.6 405.2 232.8 217.0 203.8 478.6 228.6 209.8 110.6 246.8 236.9 221.8 160.1 270.0 186.5 182.8 105.8 276.2 157.4 180.1 99.5 252.7 151.2 174.8 99.3 193.3 146.4 149.2 91.0 172.1 135.7 114.5 40.9 129.8 51.9 38.4 (31.7) (1,055.0) 109.4 76.0 64.8 209.1 220.3 201.5 125.0 223.8 138.9 127.9 59.6 159.0 95.9 80.9 36.6 110.2 48.7 36.9 0.7 41.3 24.9 52.2 29.3 46.9 0
Income Before Tax 454 564 487 300 243 613 312 174 119 631 232 261 153 60.4 594.3 610.7 392.5 917.1 570.1 576.9 345.3 410.4 233.9 100.9 224.7 539.2 321.5 286.0 214.7 496.1 386.7 299.9 196.3 428.5 277.2 272.9 192.7 396.2 162.3 187.5 134.8 297.2 222.9 209.6 150.0 298.1 179.0 194.3 105.8 182.1 150.3 116.9 59.7 238.9 64.9 130.4 55.4 150.0 107.3 114.9 57.2 130.7 86.0 64.2 (8.9) 77.0 (2.1) (9) (66.5) (1,103.1) 67.8 36.9 26.9 190.9 179.1 188.5 22.0 215.3 142.1 102.1 57.4 163.4 85.5 83.6 23.8 108.3 18.2 6.9 (25.1) (0.9) 9.2 38.6 14.9 33.1 (1.2)
Income Tax Expense 112 114 91 61 52 112 67 32 (29) 136 31 55 28 (25.7) 142.7 120.8 (3.7) 224.2 133.5 133.4 76.3 95.1 49.1 18.8 51.2 (100.0) 63.5 62.5 43.9 101.6 95.0 70.3 46.2 267.0 77.1 69.9 53.8 131.1 51.4 64.0 50.1 114.6 72.9 76.5 56.9 92.4 69.3 64.1 37.9 66.2 56.1 45.8 19.0 83.0 22.2 54.8 25.4 72.1 47.3 46.3 23.4 58.3 38.1 26.7 7.3 25.8 8.5 4.7 (12.0) (13.7) 37.7 20.3 6.5 71.1 64.2 47.4 10.0 90.2 49.8 37.8 20.5 68.0 28.5 33.1 9.2 41.8 6.3 3.9 (8.6) 9.2 4.0 23.5 7.6 16.9 (0.5)
Net Income 318 416 363 215 163 487 225 130 126 477.2 190.6 201 117 81.1 446.6 487.3 392.3 692.0 435.7 442.6 266.2 313.8 184.1 81.9 172.2 637.6 256.6 223.7 164.4 393.8 290.5 228.7 150.3 168.4 199.1 201.8 137.0 264.0 104.2 121.7 82.2 180.0 149.1 125.0 92.9 204.3 107.1 105.5 67.7 114.6 94.4 69.9 37.5 173.0 39.7 75.9 27.0 79.8 63.8 61.2 34.4 95.1 57.0 54.8 (6.6) 64.3 12.4 (6.6) (36.7) (1,089.5) 40.4 16.6 20.5 122.4 114.9 141.1 12.0 125.1 92.3 64.3 36.9 95.4 56.9 50.4 14.6 66.4 11.9 3.0 (16.6) (10.1) 5.2 15.1 7.3 16.2 (0.7)
Per Share Data
EPS (Basic) 1.08 1.40 1.22 0.70 0.54 1.60 0.73 0.42 0.41 1.57 0.62 0.65 0.38 0.26 1.40 1.50 1.18 2.07 1.30 1.32 0.79 0.94 0.55 0.24 0.51 1.90 0.76 0.67 0.49 1.16 0.86 0.67 0.44 0.50 0.59 0.60 0.41 0.78 0.31 0.36 0.25 0.54 0.45 0.38 0.28 0.62 0.32 0.32 0.21 0.35 0.29 0.21 0.11 0.53 0.12 0.24 0.08 0.25 0.20 0.19 0.11 0.23 0.18 0.17 -0.02 0.16 0.04 -0.03 -0.14 -4.16 0.20 0.08 0.10 0.60 0.50 0.61 0.05 0.54 0.41 0.28 0.16 0.42 0.26 0.23 0.07 0.30 0.06 0.02 -0.09 -0.05 0.04 0.33 0.16 0.36 -0.02
EPS (Diluted) 1.07 1.39 1.21 0.71 0.54 1.58 0.73 0.42 0.41 1.55 0.61 0.64 0.37 0.25 1.38 1.48 1.16 2.04 1.28 1.30 0.78 0.93 0.55 0.24 0.51 1.87 0.75 0.66 0.48 1.15 0.85 0.67 0.44 0.49 0.58 0.59 0.40 0.78 0.31 0.36 0.24 0.53 0.44 0.37 0.28 0.61 0.32 0.32 0.20 0.34 0.28 0.21 0.11 0.53 0.12 0.23 0.08 0.25 0.20 0.19 0.11 0.23 0.18 0.17 -0.02 0.16 0.04 -0.03 -0.14 -4.16 0.19 0.08 0.10 0.60 0.48 0.59 0.05 0.54 0.39 0.27 0.16 0.42 0.25 0.22 0.06 0.30 0.05 0.01 -0.09 -0.05 0.04 0.33 0.16 0.36 -0.02
Shares Outstanding 294.4 296.9 297.6 305.9 305.9 306.3 306.3 306.7 305.8 304.7 307.9 310.9 310.5 314.2 319.8 325.4 331.9 334.1 335.4 335.6 335.9 335.4 335.3 335.1 335.0 334.7 336.2 336.2 336.0 339.8 339.5 339.1 338.9 338.8 337.9 337.0 336.9 336.8 335.8 335.1 334.0 333.8 332.7 332.0 332.0 331.9 330.4 330.1 330.0 329.9 328.3 327.4 326.8 325.4 322.3 320.9 320.7 320.7 318.9 317.7 316.6 315.9 313.8 312.9 312.9 298.8 282.7 265.7 262.0 262.0 203.7 203.4 203.1 203.1 231.0 230.5 229.7 228.5 226.7 226.0 225.6 224.0 222.5 221.4 220.6 219.2 214.3 192.0 187.6 203.0 125.1 45.1 45.1 45.2 35.6
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 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
Current Assets
Cash & Cash Equivalents 1,664 1,864 1,669 1,395 1,382 1,114 1,025 928 1,044 1,265 1,252.1 1,261.2 1,231.3 1,318 1,125.0 1,192.8 1,657.3 2,431.0 2,767.8 2,142.8 1,910.3 1,896.2 1,481.9 1,214.2 628.5 971.8 577.5 535.6 605.0 777.2 550.5 531.5 642.9 751.8 955.6 535.7 533.3 762.6 446.3 431.8 489.2 743.6 680.3 741.6 309.5 423.5 435.2 179.6 54.3 163.9 223.0 19.4 79.7 18.5 24.2 229.5
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 0.9 0 0 2.8 0 0 0 0 0 0 0 0 0
Net Receivables 8,404 10,551 9,824 9,455 8,459 8,096 8,796 7,921 7,644 7,647 7,305.9 7,124.7 6,786.2 6,256 6,520.2 6,522.3 6,663.8 6,837.0 6,369.1 5,981.2 5,304.2 6,218.1 5,554.7 5,291.9 5,953.7 5,881.7 5,432.9 5,743.9 5,703.5 5,389.8 5,223.4 4,969.9 4,544.8 4,363.0 4,344.4 3,778.8 3,239.7 3,927.3 4,130.1 3,313.7 3,142.6 1,046.5 969.4 1,254.0 922.2 1,035.4 1,409.9 515.2 345.3 553.2 292.5 156.0 229.4 201.6 224.1 0
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 0 0 12.1 6.2 7.1 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 2,287 702 665 690 658 428 434 462 448 421 444.1 731.1 699.6 644 632.4 806.7 678.7 480.5 583.9 435.3 410.1 436.4 449.9 367.5 393.9 398.3 389.1 315.4 440.1 332.3 346.1 337.1 342.9 300.5 286.7 274.1 260.2 248.5 283.8 301.3 276.1 157.9 147.8 163.9 221.1 348.1 640.8 115.5 114.3 99.0 (166.1) 29.1 27.1 41.3 23.9 1.0
Total Current Assets 12,734 13,489 12,573 11,960 10,831 9,970 10,616 9,653 9,444 9,666 9,326.6 9,469.7 9,046.4 8,529 8,590.0 8,872.2 9,333.5 10,082.4 10,075.4 8,886.9 7,906.3 8,845.6 7,771.4 7,189.4 7,263.6 7,534.5 7,058.8 6,885.2 6,996.9 6,754.2 6,378.3 6,106.7 5,754.3 5,630.6 5,804.7 4,824.3 4,245.5 5,122.4 5,055.5 4,246.1 4,086.9 2,053.1 1,897.2 2,266.7 1,557.8 1,904.1 2,576.3 834.0 542.8 839.0 369.0 223.4 345.9 273.7 282.6 230.5
Non-Current Assets
Property, Plant & Equipment 1,040 3,111 2,988 2,958 2,831 2,112 2,058 1,927 1,903 1,937 1,850.5 1,832.6 1,814.0 1,869 1,761.3 1,818.8 1,823.1 1,862.5 1,696.0 1,743.6 1,775.0 1,835.4 1,876.3 1,888.3 1,798.7 1,834.2 1,762.3 1,695.7 1,669.1 721.7 702.4 705.5 633.7 617.7 574.3 556.5 551.6 560.8 550.8 533.6 528.4 153.1 165.6 179.0 185.9 350.5 194.3 123.4 117.3 113.6 69.0 66.7 66.6 62.9 68.1 0
Goodwill 7,024 7,051 6,400 6,410 6,260 5,621 5,778 5,667 5,554 5,129 4,961.5 5,043.7 4,933.8 4,868 4,660.6 4,794.8 4,977.1 4,995.2 3,874.7 3,892.1 3,804.7 3,821.6 3,744.3 3,695.7 3,673.8 3,753.5 3,627.3 3,663.8 3,663.9 3,652.3 3,643.1 3,407.2 3,278.6 3,254.7 3,135.2 3,096.0 3,019.6 2,981.4 3,045.1 3,061.0 3,133.9 1,276.8 1,295.5 1,306.4 1,279.4 1,243.9 2,220.8 0 0 819.6 577.1 577.1 577.1 581.7 629.1 0
Intangible Assets 2,915 2,972 2,430 2,485 2,497 2,298 2,372 2,385 2,298 2,081 2,064.3 2,129.9 2,152.9 2,193 2,146.5 2,256.6 2,338.5 2,409.4 1,345.6 1,345.1 1,370.5 1,367.9 1,333.9 1,330.6 1,339.8 1,379.5 1,325.6 1,331.3 1,338.6 1,441.3 1,403.4 1,448.3 1,398.5 1,399.1 1,400.7 1,398.8 1,403.3 1,411.0 1,414.8 1,396.2 1,416.3 323.5 322.7 322.9 318.3 309.8 408.3 946.3 949.4 131.7 89.5 90.2 91.1 91.9 33.6 0
Long-Term Investments 844 870 870 858 982 1,295 1,334 1,309 1,298 1,374 1,316.4 1,306.8 1,295.1 1,318 1,461.3 1,201.7 1,124.3 1,196.1 1,248.1 1,150.1 1,085.1 854.9 392.6 386.1 422.9 426.7 328.6 307.3 228.4 216.2 195.3 233.9 228.9 238.0 233.6 246.7 242.5 232.2 249.9 226.7 220.5 149.8 160.2 167.6 196.2 714.4 0 0 0 68.4 57.7 54.0 50.2 44.0 42.9 0
Other Non-Current Assets 4,889 2,687 2,613 2,366 2,409 2,549 2,295 2,183 2,114 2,000 1,835.7 1,642.9 1,513.0 1,470 1,439.8 1,336.5 1,403.8 1,370.9 1,407.2 1,347.2 1,216.9 1,222.2 1,133.2 1,107.4 1,092.5 1,194.9 795.3 752.8 715.5 619.4 575.0 536.0 511.5 479.5 409.2 387.7 370.0 366.4 354.4 351.2 321.6 974.7 1,025.8 793.4 837.7 99.5 1,084.0 280.0 280.0 209.1 363.6 148.5 157.5 168.7 125.6 7.7
Total Non-Current Assets 17,436 17,388 15,993 15,733 15,535 14,413 14,229 13,809 13,520 12,882 12,360.8 12,262.4 11,983.7 11,984 11,625.4 11,566.5 11,809.6 11,991.1 9,654.9 9,571.5 9,342.4 9,193.5 8,575.7 8,511.0 8,416.7 8,662.7 7,982.1 7,833.9 7,696.1 6,702.6 6,598.8 6,428.7 6,153.1 6,087.8 5,847.3 5,781.9 5,681.7 5,657.1 5,721.3 5,676.5 5,748.2 2,877.9 2,970.2 2,772.7 2,861.2 2,753.4 3,907.4 1,385.1 1,377.0 1,374.5 1,192.9 972.9 978.9 981.0 937.0 7.7
Total Assets 30,170 30,877 28,566 27,693 26,366 24,383 24,845 23,462 22,964 22,548 21,687.4 21,732.1 21,030.1 20,513 20,215.3 20,438.7 21,143.2 22,073.5 19,730.4 18,458.4 17,248.7 18,039.1 16,347.1 15,700.4 15,680.3 16,197.2 15,040.9 14,719.1 14,693.0 13,456.8 12,977.1 12,535.5 11,907.4 11,718.4 11,652.0 10,606.2 9,927.1 10,779.6 10,776.8 9,922.6 9,835.1 4,931.1 4,867.4 5,039.4 4,419.0 4,657.5 6,483.6 2,219.1 1,919.7 2,213.5 1,561.9 1,196.3 1,324.9 1,254.7 1,219.6 238.3
Current Liabilities
Account Payables 4,725 4,838 4,438 4,112 3,939 4,102 3,851 3,568 3,415 3,562 2,901.5 2,886.2 3,008.5 3,079 2,720.5 2,825.5 2,881.9 2,916.3 2,604.6 2,485.1 2,469.4 2,692.9 2,428.8 2,329.2 2,365.0 2,436.1 2,085.4 2,063.8 1,833.8 1,919.8 1,674.2 1,642.0 1,505.1 1,573.7 1,505.9 1,427.4 1,320.6 1,446.4 1,365.5 1,381.8 1,351.1 364.6 429.4 458.5 0 0 427.6 181.5 188.7 338.7 159.6 160.6 181.6 132.2 150.3 7.8
Short-Term Debt 2,932 2,536 1,367 2,865 3,442 942 2,147 1,936 1,685 691 1,671.9 2,022.6 2,442.2 1,097 1,497.9 1,365.6 1,413.0 1,310.1 1,389.1 1,108.9 682.3 1,390.8 1,198.4 1,211.7 1,265.8 983.5 1,406.6 1,582.2 1,899.8 1,331.9 1,724.7 2,071.1 1,611.1 910.8 1,416.3 1,055.0 791.5 1,254.7 1,747.1 1,037.9 1,034.5 582.0 376.2 638.4 503.7 1,166.4 714.5 261.6 125.1 281.4 216.4 84.8 121.8 134.5 114.9 0
Deferred Revenue 471 448 0 420 403 375 329 311 304 298 263.1 263.7 262.2 276 314.3 282.0 295.6 280.7 195.1 197.4 174.4 162.0 132.5 128.4 107.0 108.7 110.9 109.5 115.1 82.2 86.8 76.2 88.1 100.6 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 974 2,326 3,580 1,394 1,342 2,040 1,558 1,212 1,051 1,774 1,343.8 1,203.0 1,168.9 1,917 1,609.4 1,665.4 1,803.4 199.4 1,661.6 1,402.9 1,518.2 1,448.0 1,343.6 1,245.7 1,368.9 1,447.3 1,362.0 1,215.9 1,265.9 1,211.9 1,141.5 940.9 1,006.1 978.9 820.1 729.4 783.5 875.6 798.4 773.7 699.8 27.4 14.9 13.2 229.7 53.0 559.6 160.0 156.6 13.0 0 0 (15.5) 0 0 1.7
Total Current Liabilities 11,753 12,320 11,152 10,623 10,868 9,287 9,430 8,629 8,233 8,243 7,866.6 8,153.0 8,717.5 8,242 7,755.7 7,623.8 7,789.8 8,418.9 7,435.6 6,398.0 5,772.8 7,144.0 6,152.3 5,852.9 6,065.4 6,436.5 6,028.0 5,887.4 6,010.1 5,803.4 5,485.8 5,381.1 4,869.7 4,712.9 4,551.4 3,797.6 3,473.2 4,525.4 4,566.9 3,742.6 3,696.4 1,395.1 1,263.4 1,629.0 1,242.3 2,035.7 2,205.8 729.6 553.6 833.4 425.8 278.7 407.2 331.5 331.4 9.5
Non-Current Liabilities
Long-Term Debt 5,021 5,050 4,321 4,340 3,207 3,245 3,277 3,272 3,282 2,804 2,795.9 2,059.8 1,086.3 1,086 1,476.9 1,503.5 1,526.2 1,538.1 1,843.8 1,854.3 1,848.3 1,380.2 1,783.2 1,763.1 1,754.5 1,761.2 1,748.3 1,766.6 1,760.2 1,767.3 1,760.0 1,762.9 1,758.2 1,999.6 2,551.6 2,550.4 2,549.3 2,548.1 2,614.9 2,625.0 2,635.0 2,471.7 2,567.6 2,372.3 2,480.1 2,138.1 2,009.9 752.4 790.5 791.4 707.7 509.3 509.7 513.2 524.7 225.6
Deferred Tax Liabilities 239 238 242 258 245 247 253 248 253 255 268.1 280.0 276.7 282 284.1 269.7 310.1 405.3 156.2 145.9 123.6 124.5 71.9 72.6 50.7 34.6 21.3 51.6 126.4 107.4 187.6 187.1 165.6 114.0 125.8 96.8 78.1 70.7 85.4 85.0 85.5 75.4 73.8 73.5 78.5 76.8 4.9 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 3,850 1,522 1,460 1,426 1,102 1,105 1,124 1,033 1,042 1,090 1,236.3 1,294.2 1,254.5 1,217 993.2 1,051.6 1,129.4 1,235.6 865.1 865.4 757.5 768.0 620.4 608.3 594.4 634.0 644.6 626.8 622.9 768.8 771.3 687.5 695.4 684.0 571.5 578.5 568.3 578.1 528.1 566.1 551.4 168.2 173.1 180.3 131.8 128.4 541.3 275.8 256.6 249.1 169.6 151.6 151.0 147.9 116.0 0
Total Non-Current Liabilities 9,110 8,931 8,121 8,077 6,494 5,904 5,859 5,644 5,632 5,238 5,359.9 4,685.4 3,670.2 3,665 3,820.0 3,919.9 4,070.5 4,295.5 3,894.1 3,937.2 3,820.1 3,389.5 3,600.5 3,562.5 3,445.3 3,487.6 3,454.0 3,441.2 3,478.7 2,643.5 2,718.9 2,637.5 2,619.1 2,830.8 3,248.8 3,225.6 3,195.7 3,196.9 3,228.4 3,276.2 3,272.0 2,715.3 2,814.5 2,626.1 2,690.4 2,343.4 2,556.1 1,028.1 1,047.1 1,040.5 877.3 660.9 660.7 661.1 640.8 225.6
Total Liabilities 21,310 21,251 19,273 18,700 17,362 15,191 15,289 14,273 13,865 13,481 13,226.5 12,838.4 12,387.7 11,907 11,575.7 11,543.7 11,860.3 12,714.4 11,329.7 10,335.2 9,592.9 10,533.5 9,752.8 9,415.4 9,510.7 9,924.1 9,482.0 9,328.6 9,488.8 8,446.9 8,204.7 8,018.6 7,488.8 7,543.8 7,800.2 7,023.2 6,668.9 7,722.3 7,795.3 7,018.8 6,968.4 4,110.4 4,077.9 4,255.1 3,932.7 4,379.1 4,761.8 1,757.7 1,600.7 1,880.6 1,303.1 939.5 1,067.9 992.5 972.2 235.1
Stockholders' Equity
Common Stock 3 3 3 3 3 3 3 3 3 3 3.0 3.1 3.1 3 3.2 3.2 3.3 3.3 3.3 3.4 3.4 3.4 3.4 3.4 3.4 3.3 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.2 3.2 3.2 2.8 2.6 2.3 0.7 0.7 0.2 0.1 0.1 0.1 0.1 0.1 0.0
Retained Earnings 9,678 9,916 9,768 9,393 9,386 9,567 9,584 9,384 9,263 9,188 8,724.7 9,011.2 8,809.8 8,833 9,155.7 9,084.4 8,758.9 8,366.6 7,674.6 7,238.9 6,796.3 6,530.1 6,216.3 6,032.2 5,950.3 5,793.1 5,155.5 4,898.9 4,675.2 4,504.7 4,110.9 3,820.4 3,591.8 3,443.0 3,180.0 2,983.7 2,786.5 2,656.9 2,392.9 2,292.1 2,170.4 33.2 (21.6) (15.0) (91.7) (85.0) 841.1 (12.2) (15.1) 1.4 40.0 34.8 36.2 21.1 1.2 (0.7)
Accumulated Other Comprehensive Income (1,161) (1,041) (1,280) (1,143) (1,107) (1,159) (895) (1,031) (1,005) (924) (1,043.7) (928.8) (953.1) (983) (1,223.1) (951.6) (701.4) (640.7) (654.2) (564.6) (582.5) (529.7) (731.4) (838.5) (851.0) (679.7) (787.1) (717.7) (716.2) (718.3) (679.0) (648.5) (483.8) (552.9) (580.8) (646.9) (737.2) (791.0) (585.3) (572.2) (471.4) (172.4) (136.4) (115.1) (88.2) (146.8) 14.8 (31.9) (32.7) (23.8) (22.3) (18.9) (19.0) 2.3 1.5 0
Total Stockholders' Equity 8,520 8,878 8,535 8,253 8,282 8,411 8,692 8,356 8,261 8,267 7,684.0 8,098.1 7,859.8 7,853 7,935.8 8,136.0 8,470.0 8,528.2 7,962.6 7,679.5 7,230.4 7,078.3 6,553.1 6,244.0 6,129.3 6,232.7 5,511.8 5,346.6 5,089.4 4,938.8 4,713.0 4,453.6 4,357.6 4,019.4 3,795.5 3,539.7 3,211.9 3,014.5 2,935.0 2,855.1 2,817.6 641.8 612.1 629.1 273.5 64.0 1,523.1 453.2 312.2 332.9 252.7 251.0 251.3 257.6 244.6 3.1
Total Liabilities & Equity 30,170 30,877 28,566 27,693 26,366 24,383 24,845 23,462 22,964 22,548 21,687.4 21,732.1 21,030.1 20,513 20,215.3 20,438.7 21,143.2 22,073.5 19,730.4 18,458.4 17,248.7 18,039.1 16,347.1 15,700.4 15,680.3 16,197.2 15,040.9 14,719.1 14,693.0 13,456.8 12,977.1 12,535.5 11,907.4 11,483.8 11,652.0 10,606.2 9,927.1 10,779.6 10,776.8 9,922.6 9,835.1 4,931.1 4,867.4 5,039.4 4,419.0 4,657.5 6,483.6 2,219.1 1,919.7 2,213.5 1,561.9 1,196.3 1,324.9 1,254.7 1,219.6 238.3
Debt Metrics
Total Debt 7,953 9,991 8,063 9,540 8,863 5,694 6,858 6,543 6,271 4,826 5,766.3 5,376.6 4,813.7 3,493 4,237.2 4,189.1 4,264.7 4,197.2 4,490.3 4,251.6 3,828.2 4,096.3 4,296.2 4,285.2 4,249.1 3,971.2 4,357.6 4,518.5 4,814.6 3,099.2 3,484.7 3,834.0 3,369.3 2,910.4 3,967.8 3,605.4 3,340.7 3,802.8 4,362.0 3,662.8 3,669.5 3,053.7 2,943.8 3,010.7 2,983.7 3,304.5 2,724.4 1,013.9 915.6 1,072.8 924.1 594.1 631.5 647.6 639.7 225.6
Net Debt 6,289 8,127 6,394 8,145 7,481 4,580 5,833 5,615 5,227 3,561 4,514.2 4,115.4 3,582.4 2,175 3,112.2 2,996.3 2,607.4 1,766.3 1,722.5 2,108.8 1,917.8 2,200.1 2,814.3 3,071 3,620.7 2,999.4 3,780.1 3,982.9 4,209.7 2,321.9 2,934.3 3,302.5 2,726.4 2,158.6 3,012.2 3,069.7 2,807.5 3,040.2 3,915.7 3,231.1 3,180.3 2,310.2 2,263.5 2,269.1 2,674.2 2,881.1 2,289.2 834.3 861.3 909.0 701.1 574.7 551.8 629.1 615.5 (3.9)
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 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
Operating Activities
Net Income 342 450 449 215 163 487 225 130 148 477.2 190.6 201.4 116.9 81.1 446.6 487.3 392.3 692.0 435.7 442.6 266.2 313.8 184.1 81.9 172.2 637.6 256.6 223.7 164.4 393.8 290.5 228.7 150.3 159.2 199.1 201.8 129.6 264.0 104.2 123.4 84.6 56.9 50.4 14.6 3.0 (16.6) (10.1) (28.4) 5.2 (1.3) 15.1 2.4 7.3 (6.1) 16.2 0
Depreciation & Amortization 233 37 333 182 177 177 178 161 158 182.2 149.2 154.4 161.5 159.6 142.1 162.4 149.0 194.0 122.6 119.1 122.1 143.8 127.7 116.4 113.8 122.7 118.2 112.2 111.7 116.9 113.5 113.4 108.2 109.1 102.6 100.4 94.0 96.9 92.7 90.3 87.0 13.1 12.5 12.6 13.4 18.5 39.1 41.1 6.3 6.2 24.6 6.1 4.1 7.6 0 6.1
Stock-Based Compensation 48 10 110 0 0 0 0 0 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16.0 12.6 0 0 7.4 0 4.9 13.7 0 0 2.1 15.9 0 0 2.8 0 0
Change in Working Capital (1,859) 982 1,374 (405) (969) 924 167 (70) (828) 338.1 69.0 (360.3) (1,046.7) 482.5 320.4 (233.5) (1,003.8) 547.1 424.5 (135.4) (501.8) 486.9 543.4 (56.1) (453.5) 354.7 114.5 (220.9) (697.4) 176.3 298.3 (160.1) (538.0) 315.4 221.2 (85.4) (523.1) 158.6 113.3 (35.3) (443.3) 46.9 (2.5) (84.1) 27.0 (83.5) (29.7) 6.9 (28.0) 22.3 0.4 (1.3) 0.1 (0.4) 19.8 0
Other Non-Cash Items 411 (58) (1,370) 65 83 (205) 22 73 74 (117.9) (19.3) (0.3) 38.4 131.5 (150.5) 68.1 81.1 (257.0) 17.8 23.7 (73.1) 48.0 1.8 45.2 50.2 (18.6) (22.4) (22.3) 22.0 (52.2) (82.4) (11.0) 44.8 (58.5) (4.6) 42.5 (26.5) 77.9 (127.8) (42.0) (23.4) 1.3 (1.0) (3.2) 1.0 (2.1) 134.4 (19.0) 12.7 (97.9) 22.6 13.9 4.9 (50.1) 34.3 (6.1)
Operating Cash Flow (825) 1,221 827 57 (546) 1,383 592 294 (470) 879.5 389.3 (4.9) (730.0) 854.7 758.6 484.3 (381.4) 1,176.1 1,000.6 450.0 (186.7) 992.5 857.0 187.3 (117.3) 1,096.4 466.8 92.7 (399.3) 634.8 619.9 170.9 (234.7) 525.3 518.2 259.3 (326.0) 597.4 182.4 118.6 (328.6) 125.6 70.8 (59.6) 48.3 (87.4) 134.7 3.8 (3.8) (70.8) 83.9 21.2 16.4 (56.5) 70.3 6.1
Investing Activities
Capital Expenditure (81) (144) (84) (74) (64) (93) (79) (67) (68) (93.7) (76.3) (74.7) (60.3) (99.1) (64.3) (54.7) (42.1) (88.4) (45.5) (46.3) (29.6) (76.0) (56.4) (71.9) (62.2) (132.9) (59.9) (53.0) (47.7) (75.9) (44.4) (60.8) (46.7) (76.4) (41.7) (36.1) (23.7) (56.8) (55.3) (45.6) (33.5) (9.3) (8.4) (7.1) 5.4 (10.4) (18.8) (7.0) 0 (4) (6.0) (2.9) (3.2) (2.1) (45.3) 0
Acquisitions 0 (1,111) (20) (8) (303) (37) 4 (252) (782) (28.8) (4.4) (119.7) (44.1) (112.3) (14.2) (28.1) (16.6) (915.0) (13.3) (54.7) (2.7) 391.9 0.5 0.8 (25.3) (341.0) (8.2) 1.2 38.6 6.8 (42.0) (263.6) 1.6 (80.5) (9.3) (12.1) (19.6) (8.8) 6.6 (29.8) (36.1) (25.8) (3.3) (0.0) 2.1 (7.1) (19.8) (242.5) 0 0 (14.8) 0 0 0 0 0
Purchases of Investments (182) 0 126 (102) (117) (203) (113) (122) (87) (89.3) (148.9) (30.8) (29.0) (63.3) (202.1) (176.1) (44.4) (153.6) (155.3) (77.3) (168.4) (74.4) (20.9) (19.0) (32.2) (27.8) (55.4) (17.2) (26.4) (39.7) (14.3) (20.6) (32.9) (37.5) (13.7) (30.5) (21.9) (19.9) (38.4) (16.3) (7.7) (25.4) 0 0 0 0 0 0 0 0 (0.5) (0.1) 0 0 (0.0) 0
Sales/Maturities of Investments 321 0 0 0 0 229 0 6 0 21.4 55.6 0 0 0 0 0 0 212.7 0 0 0 0 0 0 0 3.6 5.3 6.4 5.0 5.3 3.8 20.6 6.6 5.8 8.3 10.1 17.7 5.5 51.8 12.1 10.0 28.3 0 0 0 0 0 0 0 0 0.5 0 0 0 0 0
Other Investing Activities 6 292 (219) 179 22 19 (13) 37 16 24.5 (0.7) (33.8) 4.1 6.8 1.6 (3.9) (4.5) 1.8 (24.3) (1.1) 0.0 (5.1) 4.3 2.2 9.1 1.1 0.4 (0.5) 0.7 4.8 0.8 0.1 (6.4) 1.2 (1.1) 1.2 12.6 210.3 10.3 38.7 68.6 (5.6) (29.3) (4.0) (12.0) (1.6) 6.5 (248.1) 4.9 1.5 13.1 2.8 (1.7) (9.2) (7.9) 0
Investing Cash Flow 64 (963) (197) (5) (462) (85) (201) (398) (921) (166.0) (174.6) (259.1) (129.3) (268.0) (278.9) (262.7) (107.5) (942.5) (238.4) (179.5) (200.6) 236.4 (72.4) (87.9) (110.6) (497.0) (117.8) (63.1) (29.8) (98.8) (96.1) (324.3) (77.8) (187.4) (57.5) (67.5) (34.9) 130.3 (25.1) (40.8) 1.3 (37.7) (41.0) (11.2) (6.6) (19.1) (32.1) (255.1) 4.9 (2.5) (7.7) (0.3) (4.9) (11.3) (53.3) 0
Financing Activities
Net Debt Issuance 1,048 490 992 247 1,841 (436) (218) 130 1,317 (662.0) 422.5 349.4 1,031.0 (96.8) (22.8) 93.7 215.4 (361.6) 8.7 24.8 516.0 (449.4) (458.1) 473.7 (0.0) (167.9) (176.9) (101.8) 336 (136.9) (454.9) 93.5 193.4 (551.4) (1.6) (125.6) 118.5 (193.5) (106.2) (131.9) 2.7 0.4 6.4 (29.7) (47.9) (2.1) 276.8 145.8 (2.2) 13.5 0.0 (25.3) (6.6) 32.0 (82.3) 0
Stock Repurchased (530) (288) 680 (262) (418) (517) (63) (47) 0 (19.1) (516.1) 0 (129.8) (445.9) (410.6) (625.9) (367.9) (180.3) (100.0) (27.2) (61.1) 0 0 0 (50.0) (51.0) (49) 0 (45.1) (161.0) 0 0 0 0 0 0 0 0 0 (0.9) (4.3) 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 27 (238) (328) (81) (167) (173) (39) (49) (126) (75.2) (75.1) (36.9) (140.8) (11.7) (19.4) (19.8) (56.8) (18.6) (12.9) (21.0) (53.0) (458.4) (30.7) (3.7) (44.5) (1.1) (16.6) (16.8) (28.3) (8.9) (31.4) (9.9) (13.6) (2.7) (37.6) (13.9) (2.3) (6.1) (36.8) 1.9 273.9 0.3 (1.8) 0.5 132.8 (0.2) (302.0) 168.6 4.7 (1.7) (15.8) 5.4 (6.5) (0.9) 98.7 0
Financing Cash Flow 545 (36) 1,344 (96) 1,256 (1,126) (320) 34 1,191 (756.3) (168.7) 312.6 760.5 (554.5) (452.8) (552.0) (209.2) (560.6) (104.3) (23.4) 401.9 (907.8) (488.8) 470.1 (94.5) (220.1) (242.5) (118.6) 262.6 (306.8) (486.3) 83.5 179.8 (554.1) (39.2) (139.5) 116.2 (199.6) (142.9) (130.8) 272.3 3.4 6.4 (27.1) 84.9 (2.2) (24.8) 314.3 2.4 11.8 (15.8) (20.0) (13.2) 31.1 16.0 0
Cash Position
Net Change in Cash (219) 205 277 19 292 64 124 (94) (244) 17.9 (4.3) 37.5 (85.1) 181.8 (107.7) (461.9) (747.2) (336.3) 619.3 255.1 (37.5) 392.7 332.8 581.0 (361.1) 391.4 89.1 (74.4) (176.3) 236.0 24.6 (118.5) (103.0) (215.6) 1,040.4 610.4 0 0 0 (57.5) (51.2) 92.4 34.4 (99.1) 125.3 (109.6) 78.4 62.5 3.6 (60.3) 61.2 0.3 (1.8) (37.5) 33.2 6.1
Cash at Beginning 2,014 1,809 1,532 1,513 1,221 1,157 1,033 1,127 1,371 1,353.1 1,357.3 1,319.8 1,404.8 1,223.1 1,330.7 1,792.6 2,539.8 2,876.1 2,256.8 2,001.7 2,039.2 1,646.6 1,313.7 732.7 1,093.7 702.3 613.2 687.7 863.9 627.9 603.3 721.8 824.8 1,040.4 0 0 831.4 0 0 489.2 540.4 192.2 157.8 256.9 54.3 163.9 85.5 23.0 19.4 79.7 18.5 18.2 20.0 57.5 24.2 0
Cash at End 1,795 2,014 1,809 1,532 1,513 1,221 1,157 1,033 1,127 1,371 1,353.1 1,357.3 1,319.8 1,404.8 1,223.1 1,330.7 1,792.6 2,539.8 2,876.1 2,256.8 2,001.7 2,039.2 1,646.6 1,313.7 732.7 1,093.7 702.3 613.2 687.7 863.9 627.9 603.3 721.8 824.8 1,040.4 610.4 592.3 831.4 517.1 431.8 489.2 284.6 192.2 157.8 179.6 54.3 163.9 85.5 23.0 19.4 79.7 18.5 18.2 20.0 57.5 6.1
Free Cash Flow (906) 1,077 743 (17) (610) 1,290 513 227 (538) 785.8 313.1 (79.6) (790.2) 755.6 694.3 429.7 (423.5) 1,087.7 955.1 403.6 (216.2) 916.4 800.6 115.4 (179.5) 963.5 406.9 39.7 (447.0) 558.9 575.4 110.2 (281.5) 448.9 476.5 223.2 (349.8) 540.5 127.1 73.0 (362.1) 116.3 62.4 (66.7) 53.7 (97.8) 115.9 (3.2) (3.8) (74.8) 77.9 18.2 13.2 (58.7) 25.0 6.1
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
Income Statement
Revenue 10,527 11,629 10,258 9,753 8,910 10,404 9,036 8,391 7,935 8,950 7,868 7,720 7,411 8,194.2 7,529.5 7,771.3 7,332.9 8,550.2 6,798.3 6,458.6 5,938.9 6,910.5 5,645.1 5,381.4 5,889.2 7,119.4 5,925.1 5,714.1 5,135.5 6,293.7 5,261.0 5,111.4 4,674.0 5,499.7 4,638.6 4,439.6 4,051.0 3,823.8 3,193.5 3,207.5 2,846.7 3,700.2 2,712.6 2,390.5 2,052.5 2,787.2 2,275.1 2,126.8 1,860.8 2,233.9 1,733.9 1,742.0 1,475.1 2,005.8 1,557.1 1,601.1 1,350.0 1,763.6 1,534.5 1,422.2 1,185.1 1,651.3 1,266.2 1,171.9 1,025.9 1,296.5 1,023.2 955.7 890.4 1,283.3 1,299.7 1,314.9 1,230.9 1,837.1 1,492.8 1,490.4 1,214.0 1,611.8 903.9 836.2 680.1 956.0 744.2 672.2 538.3 798.2 575.0 550.9 441.0 621.3 321.7 376.5 284.9 337.3 0
Gross Profit 1,852 1,778 1,990 9,135 1,645 2,149 1,784 1,598 1,460 1,883 1,471 1,541 1,405 1,729.3 1,595.1 1,717.3 1,580.7 1,966.0 1,539.4 1,441.9 1,219.3 1,581.8 1,080.6 989.2 1,176.5 1,585.6 1,237.8 1,268.3 1,113.5 1,522.1 1,162.0 1,152.7 1,054.0 1,348.9 1,040.3 1,030.0 904.5 1,220.7 955.4 971.1 833.1 1,188.0 938.9 902.5 761.7 1,080.9 846.1 812.3 699.4 956.9 701.5 723.2 613.8 867.3 648.9 693.0 562.4 754.7 639.9 582.4 471.4 720.4 530.8 493.2 410.7 575.3 416.7 388.8 337.0 553.6 544.4 577.7 526.5 869.5 701.0 698.8 564.3 711.3 446.9 423.7 339.6 473.6 363.3 333.5 270.2 392.0 274.3 278.3 216.8 309.7 168.7 376.5 284.9 337.3 0
Operating Income 511 218 481 374 276 594 368 246 204 504 269 306 37 243.8 374.4 516.9 377.0 592.2 409.7 366.5 269.1 443.9 211.4 94.2 220.3 513.8 316.6 284.4 145.0 459.3 189.7 225.3 213.6 406.2 239.0 228.3 205.2 352.8 172.5 182.6 107.6 207.0 240.1 228.8 160.1 288.6 185.1 206.0 112.5 169.2 158.1 180.1 99.5 252.7 151.2 172.7 76.1 116.6 143.0 130.2 73.1 172.9 130.6 97.2 45.7 140.4 57.0 38.9 5.5 (1,055.0) 108.4 87.8 70.3 192.0 215.3 198.6 93.1 223.8 138.9 127.9 59.6 159.0 95.9 80.9 36.6 110.2 44.7 25.4 (9.3) 24.3 25.4 52.2 29.3 46.9 (1.2)
Net Income 318 416 363 215 163 487 225 130 126 477.2 190.6 201 117 81.1 446.6 487.3 392.3 692.0 435.7 442.6 266.2 313.8 184.1 81.9 172.2 637.6 256.6 223.7 164.4 393.8 290.5 228.7 150.3 168.4 199.1 201.8 137.0 264.0 104.2 121.7 82.2 180.0 149.1 125.0 92.9 204.3 107.1 105.5 67.7 114.6 94.4 69.9 37.5 173.0 39.7 75.9 27.0 79.8 63.8 61.2 34.4 95.1 57.0 54.8 (6.6) 64.3 12.4 (6.6) (36.7) (1,089.5) 40.4 16.6 20.5 122.4 114.9 141.1 12.0 125.1 92.3 64.3 36.9 95.4 56.9 50.4 14.6 66.4 11.9 3.0 (16.6) (10.1) 5.2 15.1 7.3 16.2 (0.7)
EPS (Diluted) 1.07 1.39 1.21 0.71 0.54 1.58 0.73 0.42 0.41 1.55 0.61 0.64 0.37 0.25 1.38 1.48 1.16 2.04 1.28 1.30 0.78 0.93 0.55 0.24 0.51 1.87 0.75 0.66 0.48 1.15 0.85 0.67 0.44 0.49 0.58 0.59 0.40 0.78 0.31 0.36 0.24 0.53 0.44 0.37 0.28 0.61 0.32 0.32 0.20 0.34 0.28 0.21 0.11 0.53 0.12 0.23 0.08 0.25 0.20 0.19 0.11 0.23 0.18 0.17 -0.02 0.16 0.04 -0.03 -0.14 -4.16 0.19 0.08 0.10 0.60 0.48 0.59 0.05 0.54 0.39 0.27 0.16 0.42 0.25 0.22 0.06 0.30 0.05 0.01 -0.09 -0.05 0.04 0.33 0.16 0.36 -0.02
Balance Sheet
Cash & Equivalents 1,664 1,864 1,669 1,395 1,382 1,114 1,025 928 1,044 1,265 1,252.1 1,261.2 1,231.3 1,318 1,125.0 1,192.8 1,657.3 2,431.0 2,767.8 2,142.8 1,910.3 1,896.2 1,481.9 1,214.2 628.5 971.8 577.5 535.6 605.0 777.2 550.5 531.5 642.9 751.8 955.6 535.7 533.3 762.6 446.3 431.8 489.2 743.6 680.3 741.6 309.5 423.5 435.2 179.6 54.3 163.9 223.0 19.4 79.7 18.5 24.2 229.5
Total Assets 30,170 30,877 28,566 27,693 26,366 24,383 24,845 23,462 22,964 22,548 21,687.4 21,732.1 21,030.1 20,513 20,215.3 20,438.7 21,143.2 22,073.5 19,730.4 18,458.4 17,248.7 18,039.1 16,347.1 15,700.4 15,680.3 16,197.2 15,040.9 14,719.1 14,693.0 13,456.8 12,977.1 12,535.5 11,907.4 11,718.4 11,652.0 10,606.2 9,927.1 10,779.6 10,776.8 9,922.6 9,835.1 4,931.1 4,867.4 5,039.4 4,419.0 4,657.5 6,483.6 2,219.1 1,919.7 2,213.5 1,561.9 1,196.3 1,324.9 1,254.7 1,219.6 238.3
Total Debt 7,953 9,991 8,063 9,540 8,863 5,694 6,858 6,543 6,271 4,826 5,766.3 5,376.6 4,813.7 3,493 4,237.2 4,189.1 4,264.7 4,197.2 4,490.3 4,251.6 3,828.2 4,096.3 4,296.2 4,285.2 4,249.1 3,971.2 4,357.6 4,518.5 4,814.6 3,099.2 3,484.7 3,834.0 3,369.3 2,910.4 3,967.8 3,605.4 3,340.7 3,802.8 4,362.0 3,662.8 3,669.5 3,053.7 2,943.8 3,010.7 2,983.7 3,304.5 2,724.4 1,013.9 915.6 1,072.8 924.1 594.1 631.5 647.6 639.7 225.6
Stockholders' Equity 8,520 8,878 8,535 8,253 8,282 8,411 8,692 8,356 8,261 8,267 7,684.0 8,098.1 7,859.8 7,853 7,935.8 8,136.0 8,470.0 8,528.2 7,962.6 7,679.5 7,230.4 7,078.3 6,553.1 6,244.0 6,129.3 6,232.7 5,511.8 5,346.6 5,089.4 4,938.8 4,713.0 4,453.6 4,357.6 4,019.4 3,795.5 3,539.7 3,211.9 3,014.5 2,935.0 2,855.1 2,817.6 641.8 612.1 629.1 273.5 64.0 1,523.1 453.2 312.2 332.9 252.7 251.0 251.3 257.6 244.6 3.1
Cash Flow
Operating Cash Flow (825) 1,221 827 57 (546) 1,383 592 294 (470) 879.5 389.3 (4.9) (730.0) 854.7 758.6 484.3 (381.4) 1,176.1 1,000.6 450.0 (186.7) 992.5 857.0 187.3 (117.3) 1,096.4 466.8 92.7 (399.3) 634.8 619.9 170.9 (234.7) 525.3 518.2 259.3 (326.0) 597.4 182.4 118.6 (328.6) 125.6 70.8 (59.6) 48.3 (87.4) 134.7 3.8 (3.8) (70.8) 83.9 21.2 16.4 (56.5) 70.3 6.1
Capital Expenditure (81) (144) (84) (74) (64) (93) (79) (67) (68) (93.7) (76.3) (74.7) (60.3) (99.1) (64.3) (54.7) (42.1) (88.4) (45.5) (46.3) (29.6) (76.0) (56.4) (71.9) (62.2) (132.9) (59.9) (53.0) (47.7) (75.9) (44.4) (60.8) (46.7) (76.4) (41.7) (36.1) (23.7) (56.8) (55.3) (45.6) (33.5) (9.3) (8.4) (7.1) 5.4 (10.4) (18.8) (7.0) 0 (4) (6.0) (2.9) (3.2) (2.1) (45.3) 0
Free Cash Flow (906) 1,077 743 (17) (610) 1,290 513 227 (538) 785.8 313.1 (79.6) (790.2) 755.6 694.3 429.7 (423.5) 1,087.7 955.1 403.6 (216.2) 916.4 800.6 115.4 (179.5) 963.5 406.9 39.7 (447.0) 558.9 575.4 110.2 (281.5) 448.9 476.5 223.2 (349.8) 540.5 127.1 73.0 (362.1) 116.3 62.4 (66.7) 53.7 (97.8) 115.9 (3.2) (3.8) (74.8) 77.9 18.2 13.2 (58.7) 25.0 6.1