Commerce Bancshares, Inc. logo CBSH - Commerce Bancshares, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 1
HOLD 13
SELL 1
STRONG
SELL
0
| PRICE TARGET: $60.17 DETAILS
HIGH: $65.00
LOW: $57.00
MEDIAN: $58.50
CONSENSUS: $60.17
UPSIDE: 1.30%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 2,139.7 2,092.9 1,969.3 1,566.0 1,438.7 1,389.5 1,453.0 1,390.1 1,263.7 1,159.6 1,116.9 1,098.9 1,064.2 1,082.4 1,101.7 1,137.9 1,178.6 1,225.6 1,307.7 1,193.9 1,038.8 937.0 919.1 933.1 1,026.8 1,068.7 986.8 942.5 863 806.8 764.2 621.3 581.8 559.2 594 598.5 568.1 0 0 0
Cost of Revenue 428.0 462.2 418.6 84.9 (53.5) 180.0 153.8 108.1 89.0 69.3 56.8 57.6 51.3 65.3 103.4 183.5 314.7 366.0 440.8 344.8 224.6 143.1 155.7 186.7 319.4 366.6 319.9 337.7 316.5 306.4 289.9 191.5 187.3 222 305.2 329.7 307.5 0 0 0
Gross Profit 1,711.7 1,630.7 1,550.7 1,481.2 1,492.2 1,209.6 1,299.2 1,282.0 1,174.7 1,090.2 1,060.1 1,041.3 1,013.0 1,017.1 998.3 954.3 863.9 859.6 866.9 849.2 814.1 793.9 763.4 746.4 707.4 702.1 666.9 604.8 546.5 500.4 474.3 429.8 394.5 337.2 288.8 268.8 260.6 0 0 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
SG&A Expenses 663.2 646.7 641.7 588.5 556.2 532.7 514.8 595.4 582.4 456.7 429.0 411.4 392.2 482.6 465.8 479.0 485.3 447.4 411.5 305.6 290.5 282.2 279.0 265.6 249.0 233.9 228.1 210.3 191.9 177 169.5 154.8 141.9 122.8 107.8 102.3 94.9 0 0 0
Other Expenses 316.6 304.5 289.2 260.3 249.7 235.7 252.6 142.5 161.9 232.6 247.5 245.5 236.5 135.9 151.5 157.2 136.4 137.7 155.1 219.8 206.1 200.6 193.1 187.4 188.9 200.3 191 168.9 152.5 141 136.1 127.3 115.3 102.6 90.1 78.8 77.8 0 0 0
Operating Expenses 979.8 951.2 931.0 848.8 805.9 768.4 767.4 737.8 744.3 689.2 676.5 656.9 628.7 618.5 617.2 636.2 621.7 585.1 566.5 525.4 496.5 482.8 472.1 452.9 438.0 434.2 419.1 379.2 344.4 318 305.6 282.1 257.2 225.4 197.9 181.1 172.7 0 0 0
Operating Income
Operating Income 731.8 679.5 619.7 632.4 686.3 441.2 531.8 544.2 430.4 401.0 383.6 384.4 384.3 398.6 381.0 318.1 242.1 274.5 300.4 323.7 317.6 311.1 291.2 293.5 269.4 267.9 247.8 225.6 202.1 182.4 168.7 147.7 137.3 111.8 90.9 87.7 87.9 0 0 0
Interest Expense 371.9 429.3 383.2 56.8 12.9 42.8 103.4 65.4 43.7 33.0 28.1 28.1 30.9 38.1 51.9 83.5 154.0 257.1 398.0 319.1 195.9 112.8 115.0 152.6 283.1 331.5 284.6 300.8 285.1 281.9 275.3 185.7 175.9 202.9 286.2 314.6 291.8 0 0 0
Interest Income 1,483.7 1,469.6 1,381.3 999.0 848.3 872.6 924.7 889.2 777.4 713.1 662.4 648.3 650.3 678.0 698.0 729.5 789.5 849.8 936.1 832.3 697.6 610.1 617.4 652.6 751.0 812.2 750.6 728.5 682.9 647.6 631 500.3 460.4 450.6 508.9 526.9 498.3 0 0 0
Profitability
EBITDA 770.0 733.6 669.2 679.2 731.2 484.9 572.9 582.8 470.1 441.9 426.4 426.7 426.3 442.1 427.8 367.0 293.6 325.2 352.9 384.5 376.6 378.5 362.3 347.7 312.7 306.6 294.1 261.6 241.7 233.7 218.8 203.8 194.7 132.2 114.3 105.9 102.2 0 0 0
EBIT 731.8 679.5 619.7 632.4 686.3 441.2 531.8 544.2 430.4 401.0 383.6 384.4 384.3 398.6 381.0 318.1 242.1 274.5 300.4 323.7 317.6 311.1 291.2 293.5 269.4 267.9 247.8 225.6 202.1 182.4 168.7 147.7 137.3 111.8 90.9 87.7 87.9 0 0 0
Income Before Tax 731.8 679.5 619.7 632.4 686.3 441.2 531.8 544.2 430.4 401.0 383.6 384.4 384.3 398.6 381.0 318.1 242.1 274.5 300.4 323.7 317.6 311.1 291.2 293.5 269.4 267.9 247.8 225.6 202.1 182.4 168.7 147.7 137.3 111.8 90.9 87.7 87.9 0 0 0
Income Tax Expense 161.1 145.1 134.5 132.4 145.7 87.3 109.1 105.9 110.5 124.2 116.6 121.6 123.2 127.2 121.4 96.2 73.8 85.1 93.7 103.9 94.3 90.8 84.7 94.0 87.4 89.3 81.6 75.5 69.4 62.9 61.1 51.6 50.4 40.1 31.1 30.2 28.9 0 0 0
Net Income 566.3 526.3 477.1 488.4 530.8 354.1 421.2 433.5 319.4 275.4 263.7 261.8 261.0 269.3 256.3 221.7 169.1 188.7 206.7 219.8 223.2 220.3 206.5 199.5 182.0 178.6 166.2 150.1 132.7 119.5 107.6 96.1 86.9 71.7 59.8 59.5 59 49 40.1 39.2
Per Share Data
EPS (Basic) 4.08 3.88 3.47 3.50 3.73 2.39 2.81 2.83 2.06 1.77 1.65 1.61 1.60 1.62 1.50 1.28 1.00 1.15 1.25 1.30 1.27 1.19 1.07 0.98 0.88 0.85 0.78 0.69 0.61 0.53 0.46 0.44 0.40 0.35 0.30 0.31 0.30 0.27 0.21 0.20
EPS (Diluted) 4.08 3.87 3.47 3.49 3.72 2.39 2.81 2.82 2.05 1.77 1.65 1.60 1.59 1.61 1.50 1.27 1.00 1.14 1.23 1.28 1.25 1.17 1.06 0.97 0.87 0.84 0.77 0.69 0.60 0.53 0.46 0.44 0.40 0.35 0.30 0.31 0.30 0.27 0.21 0.20
Shares Outstanding 138.9 134.4 136.6 138.4 141.2 142.9 146.6 149.0 150.6 150.2 154.4 160.2 163.5 166.2 170.8 172.8 168.7 164.7 165.8 169.1 175.9 185.6 193.1 202.6 206.2 209.7 214.4 217.7 218.6 226.1 233.4 220.6 215.5 203.0 197.2 192.5 196.5 184.1 193.1 191.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Current Assets
Cash & Cash Equivalents 803.2 3,372.9 2,682.2 841.6 4,276.8 2,184.9 887.5 1,197.8 469.1 767.0 488.2 1,068.2 1,225.7 752.2 505.7 450.5 441.2 1,129.9 673.1 626.5 545.3 585.8 567.1 710.4 824.2 616.7 685.2 738.7 978.2 833.3 774.9 565.8 905.2 1,128.8 586.4 756 546.5
Short-Term Investments 9,095.5 9,136.9 9,684.8 12,238.3 14,450.0 12,449.3 8,571.6 8,538.0 8,725.4 9,649.2 9,777.0 9,523.6 8,915.7 9,522.2 9,224.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 9,898.8 12,509.8 12,366.9 13,080.0 18,726.8 14,634.2 9,459.1 9,735.8 9,194.5 10,416.2 10,265.2 10,591.8 10,141.3 10,274.5 9,730.4 450.5 441.2 1,129.9 673.1 626.5 545.3 585.8 567.1 710.4 824.2 616.7 685.2 738.7 978.2 833.3 774.9 565.8 905.2 1,128.8 586.4 756 546.5
Non-Current Assets
Property, Plant & Equipment 485.7 475.3 469.1 418.9 388.7 371.1 370.6 333.1 335.1 337.7 352.6 357.9 349.7 357.6 360.1 383.4 402.6 411.2 406.2 386.1 374.2 336.4 336.4 335.2 313.4 257.6 235.2 222.1 214.2 209.8 210 191.8 195.3 192.7 177.3 173.9 115.3
Goodwill 146.5 146.5 146.5 138.9 138.9 138.9 138.9 138.9 138.9 138.9 138.9 138.9 138.9 125.6 125.6 125.6 125.6 125.6 124.6 97.6 48.5 48.5 48.5 43.2 50.6 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 13.3 13.6 14.2 15.2 15.6 11.2 9.5 8.8 7.6 6.7 6.7 7.5 9.3 5.3 7.7 10.9 14.3 17.2 21.4 19.6 0 0.5 2.2 4.0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 17,302.4 17,236.6 16,349.8 15,193.4 16,270.6 14,689.3 14,091.1 13,951.9 13,323.9 12,358.7 11,373.0 10,902.6 9,786.3 9,139.9 16,675.0 16,758.9 15,242.6 13,978.2 13,318.0 12,516.0 13,000.9 13,037.3 12,008.9 11,228.5 9,698.4 9,938.6 9,947.3 8,783.4 8,095.6 7,814.1 6,990.9 6,722.8 6,027.4 5,150.4 4,826 4,221.2
Other Non-Current Assets 0 1,549.0 1,467.7 1,873.1 2,225.7 1,496.9 1,398.3 1,156.1 1,205.4 1,418.0 1,482.8 1,525.3 1,530.2 1,610.3 1,285.7 856.9 377.5 606.0 1,001.3 782.4 401.6 278.2 295.7 206.6 491.2 484.1 473.8 416.9 245.7 471.6 775 287.1 224.1 192.7 851.3 953.2 946.2
Total Non-Current Assets 645.5 19,486.9 19,334.1 18,796.0 17,962.3 18,288.8 16,606.7 15,728.0 15,638.9 15,225.3 14,339.7 13,402.5 12,930.7 11,885.1 10,919.0 18,051.8 17,678.9 16,402.6 15,531.8 14,603.8 13,340.3 13,664.6 13,720.0 12,598.0 12,083.9 10,498.4 10,715.8 10,663.3 9,328.7 8,864.9 8,799.1 7,469.8 7,142.2 6,412.8 6,179 5,953.1 5,282.7
Total Assets 32,915.1 31,996.6 31,701.1 31,875.9 36,689.1 32,923.0 26,065.8 25,463.8 24,833.4 25,641.4 24,605.0 23,994.3 23,072.0 22,159.6 20,649.4 18,502.3 18,120.2 17,532.4 16,204.8 15,230.3 13,885.5 14,250.4 14,287.2 13,308.4 12,902.8 11,115.1 11,400.9 11,402 10,306.9 9,698.2 9,574 8,035.6 8,047.4 7,541.6 6,765.4 6,709.1 5,829.2
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 110.2 4.2 78.7 44.9 60.1 73.2 63.4
Short-Term Debt 2,989.6 2,926.8 2,908.8 2,841.7 3,023.0 2,098.4 1,850.8 1,956.4 1,507.1 1,723.9 1,963.6 1,862.5 1,346.6 1,083.5 1,256.1 982.8 1,103.2 1,026.5 1,239.2 1,792.6 1,326.4 1,913.9 2,108.9 1,459.9 1,087.4 543.9 1,042.4 617.8 512.6 526.8 362.9 290.6 395.1 411.3 298.5 364.4 364.6
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 0 0
Other Current Liabilities (2,989.6) 25,293.6 25,363.9 26,187.4 29,813.1 26,946.7 20,520.4 20,323.7 20,425.4 21,101.1 19,978.9 19,475.8 19,047.3 18,348.7 16,799.9 15,085.0 14,210.5 12,894.7 12,551.6 11,744.9 10,851.8 10,434.3 10,206.2 9,913.3 10,031.9 9,081.7 9,164.1 9,530.2 8,700.6 8,166.4 8,193.1 6,990.4 6,839.4 6,458.6 5,850.4 5,764.4 4,988
Total Current Liabilities 0 28,220.4 28,272.7 29,029.2 32,836.0 29,045.1 22,371.2 22,280.0 21,932.6 22,825 21,942.4 21,338.3 20,393.9 19,432.2 18,056.0 16,067.8 15,313.6 13,921.3 13,790.8 13,537.4 12,178.2 12,348.2 12,315.1 11,373.2 11,119.3 9,625.6 10,295 10,148 9,213.2 8,760 8,675 7,285.2 7,313.2 6,914.8 6,209 6,202 5,416
Non-Current Liabilities
Long-Term Debt 12.8 0.1 1.4 9.7 12.6 0.8 2.4 8.7 1.8 102.0 103.8 104.1 107.3 103.7 111.8 112.3 736.1 1,747.8 583.6 32.6 269.4 389.5 401.0 338.5 392.6 224.7 25.7 27.1 7.2 14.1 14.6 6.5 6.9 7.3 38.1 39.3 10.4
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
Other Non-Current Liabilities 0 443.7 462.7 355.5 392.2 477.1 553.7 237.9 180.9 213.2 191.3 217.7 356.4 452.1 311.2 298.8 184.6 283.9 302.7 218.2 100.1 85.8 120.1 174.3 123.8 121.1 88.8 146.1 105.7 66.6 9.4 15.1 14.3 15.4 10.5 9.5 4.3
Total Non-Current Liabilities 12.8 443.8 464.1 365.2 404.7 477.9 556.1 246.6 182.6 315.3 295.1 321.7 463.7 555.8 423.0 411.0 920.6 2,031.7 886.4 250.8 369.5 475.3 521.1 512.8 516.4 345.8 114.6 173.2 112.9 80.7 24 21.6 21.2 22.7 48.6 48.8 14.7
Total Liabilities 29,100.3 28,664.2 28,736.8 29,394.4 33,240.8 29,523.0 22,927.3 22,526.7 22,115.2 23,140.3 22,237.5 21,660.0 20,857.6 19,988.0 18,479.0 16,478.9 16,234.3 15,955.8 14,677.1 13,788.2 12,547.7 12,823.5 12,836.2 11,892.1 11,630.3 9,971.4 10,321.1 10,321.2 9,326.1 8,773.9 8,690.2 7,306.8 7,334.4 6,937.5 6,257.6 6,250.8 5,430.7
Stockholders' Equity
Common Stock 692.9 676.1 655.3 629.3 610.8 589.4 564.0 559.4 535.4 510.0 489.9 484.2 481.2 458.6 446.4 433.9 415.6 379.5 359.7 352.3 347.0 347.0 343.2 336.2 327.9 313.3 312.1 306.8 0 0 0 0 0 0 0 0 0
Retained Earnings 131.8 45.5 53.2 31.6 92.5 73 201.6 241.2 221.4 292.8 383.3 426.6 449.8 477.2 575.4 555.8 568.5 633.2 669.1 683.2 693.0 703.3 707.1 707.4 700.2 671.1 642.7 624.3 626.4 621.7 618.4 576.3 545.4 456.5 400.3 354.5 308.2
Accumulated Other Comprehensive Income (507.7) (758.9) (891.4) (1,086.9) 77.1 331.4 110.4 (64.7) 14.1 11.0 32.5 62.1 9.7 136.3 110.5 63.3 46.4 (56.7) 26.1 (0.2) (3.9) 36.0 70.9 94.3 35.7 14.8 (2.1) 52.2 29.1 18.2 26.8 (60.1) 0 (3.3) 0 0 0
Total Stockholders' Equity 3,791.4 3,309.9 2,944.1 2,465.3 3,437.3 3,397.0 3,134.7 2,931.3 2,716.6 2,495.8 2,362.0 2,330.2 2,210.6 2,167.1 2,166.0 2,022.0 1,884.2 1,576.6 1,527.7 1,442.1 1,337.8 1,426.9 1,451.0 1,416.3 1,272.5 1,143.8 1,079.8 1,080.8 980.8 924.3 883.8 728.4 712.6 603.7 507.3 457.8 398
Total Liabilities & Equity 32,915.1 31,996.6 31,701.1 31,875.9 36,689.1 32,923.0 26,065.8 25,463.8 24,833.4 25,641.4 24,605.0 23,994.3 23,072.0 22,159.6 20,649.4 18,502.3 18,120.2 17,532.4 16,204.8 15,230.3 13,885.5 14,250.4 14,287.2 13,308.4 12,902.8 11,115.1 11,400.9 11,402 10,306.9 9,698.2 9,574 8,035.6 8,047.4 7,541.6 6,765.4 6,709.1 5,829.2
Debt Metrics
Total Debt 3,002.4 2,926.8 2,910.2 2,851.4 3,035.5 2,099.2 1,853.2 1,965.1 1,508.9 1,826.0 2,067.4 1,966.6 1,453.9 1,187.3 1,367.9 1,095.1 1,839.3 2,774.3 1,822.9 1,825.2 1,595.8 2,303.4 2,509.9 1,798.3 1,480.0 768.6 1,068.2 644.9 519.8 540.9 377.5 297.1 402 418.6 336.6 403.7 375
Net Debt 2,199.2 (446.1) 228.1 2,009.8 (1,241.2) (85.7) 965.7 767.3 1,039.8 1,059.0 1,579.2 898.3 228.2 435.0 862.2 644.6 1,398.0 1,644.4 1,149.8 1,198.7 1,050.5 1,717.6 1,942.8 1,087.9 655.8 151.8 383.0 (93.8) (458.4) (292.4) (397.4) (268.7) (503.2) (710.2) (249.8) (352.3) (171.5)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Operating Activities
Net Income 570.7 534.4 485.2 500.0 540.6 353.9 422.7 438.2 319.9 276.9 267.0 262.8 261.1 271.4 259.6 221.7 169.1 188.7 206.7 219.8 223.2 220.3 206.5 199.5 182.0 178.6 166.2 150.1 132.7 119.5 107.6 96.1 86.9 71.7 59.8 57.5 59
Depreciation & Amortization 56.5 54.1 49.5 46.9 44.9 43.8 41.1 38.7 39.7 40.9 42.8 42.3 41.9 43.4 46.7 48.9 51.5 50.7 52.5 60.8 59.0 67.4 71.0 54.2 43.3 38.7 46.3 36 39.6 51.3 50.1 56.1 57.4 20.4 23.4 18.2 14.3
Stock-Based Compensation 17.3 17.0 17.1 17.0 15.4 14.9 13.9 12.8 12.1 11.5 10.1 8.8 6.4 5.0 4.7 6.0 6.6 6.4 6.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (25.0) (17.0) 45.2 (38.3) 11.4 (10.5) 23.4 10.2 (32.1) 2.0 7.1 (2.1) 0.0 (11.5) 7.9 6.9 (96.6) 18.6 21.3 119.5 16.9 (21.1) (1.5) (18.0) (2.7) 5.8 (11.2) (2.4) 8.4 9 10.9 (5.3) (3.3) (6.5) (7.9) 0.3 4.9
Other Non-Cash Items 14.1 (10.1) (100.8) 12.1 (40.2) 241.5 (2.5) 47.4 73.3 125.7 (43.2) 49.5 43.1 59.3 91.2 396.8 171.9 (49.7) 60.2 (7.2) (3.8) (4.7) 5.2 14.0 57.2 7.3 18.4 22.9 19 31.6 23.2 (3.5) 14.5 (16.8) 9.4 33.3 (4.6)
Operating Cash Flow 645.1 577.9 488.8 559.4 597.7 624.0 512.8 552.7 426.5 455.0 289.1 360.8 360.9 383.1 407.4 671.2 295.3 217.3 335.7 391.5 293.6 264.7 269.7 262.7 273.7 227.8 211.7 216.9 216.4 214.7 195.3 136.7 150.7 61.9 80.1 104.7 68.3
Investing Activities
Capital Expenditure (52.7) (46.1) (88.1) (65.2) (56.7) (33.1) (42.6) (33.3) (30.8) (24.5) (31.9) (43.7) (23.8) (35.0) (21.3) (18.5) (29.2) (42.6) (55.1) (41.5) (64.2) (31.2) (36.1) (54.0) (78.6) (49.1) (69.1) (30.3) (27.6) (26.4) (25.8) (19.1) (16) (25.1) (21.5) (18.8) (37)
Acquisitions 0 0 (6.4) 0 0 0 0 0 0 0 0 (43.8) 47.6 0 0 0 (3.5) (54.5) (14.0) (8.5) 0 (2.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (1,451.3) (2,678.0) (246.3) (2,147.9) (5,947.9) (6,991.5) (1,863.2) (2,090.3) (1,853.8) (1,988.1) (3,542.5) (2,498.1) (2,411.2) (3,182.9) (4,517.5) (3,217.6) (4,079.0) (2,413.3) (1,095.7) (888.1) (2,012.5) (1,570.7) (2,846.4) (2,179.3) (3,662.2) (1,063.9) (1,206.9) (1,788.5) (1,258.9) (1,351.7) (1,354.2) (821.3) (947.5) (1,551.8) (954.9) (1,315.6) (676.5)
Sales/Maturities of Investments 1,860.6 3,428.7 3,077.5 2,798.2 3,539.9 3,276.0 1,971.4 2,219.8 2,692.0 2,056.8 3,204.1 1,978.5 2,558.4 3,097.5 2,582.4 2,387.0 1,540.2 1,443.4 1,374.8 1,313.2 3,014.4 1,704.2 1,927.1 2,066.0 1,849.2 1,636.9 1,668.5 1,481 1,683.3 1,355.6 1,452.8 1,338 996.3 1,222.1 739.3 697.9 747.3
Other Investing Activities (818.9) (220.8) (552.9) (342.9) 381.9 (1,641.9) (795.9) (187.2) (586.7) (849.4) (825.1) (455.7) (884.7) (1,040.5) (228.4) 194.7 999.2 (412.1) (788.3) (764.5) (628.9) (210.3) (252.8) (294.6) 442.5 (413.4) (546.3) (583.6) (607.1) (219.8) (247.3) (257.1) (162.6) 61.7 (20) (7.2) (390.1)
Investing Cash Flow (462.4) 483.8 2,183.8 242.3 (2,082.8) (5,390.5) (730.2) (91.0) 220.7 (805.2) (1,195.4) (1,062.7) (713.7) (1,160.8) (2,184.8) (654.5) (1,572.3) (1,479.0) (578.4) (389.4) 308.8 (110.2) (1,208.3) (461.9) (1,449.1) 110.5 (153.8) (921.4) (210.3) (242.3) (174.5) 240.5 (129.8) (293.1) (257.1) (643.7) (356.3)
Financing Activities
Net Debt Issuance 12.7 (1.3) (2,258.3) (2.9) 11.8 (1.6) (6.4) 6.9 (100.3) (1.8) (0.2) (3.3) 0.4 (8.1) (0.5) (623.8) (1,011.7) 1,164.1 508.9 165.1 (707.4) (206.3) 663.3 318.5 688.6 (299.4) 423.4 114.3 (21.2) 163.4 (8.8) (0.4) (0.4) 77.5 (1.2) (1.4) (5)
Stock Repurchased (207.6) (170.5) (76.4) (186.6) (129.4) (204.2) (284.9) (75.2) (17.8) (39.4) (23.2) (211.0) (69.4) (104.9) (101.2) (41.0) (0.5) (9.5) (128.6) (135.0) (234.5) (173.8) (125.7) (83.9) (58.7) 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (150.2) (145.1) (134.7) (127.5) (122.7) (127.6) (122.5) (109.2) (100.6) (96.1) (94.0) (88.3) (82.1) (211.6) (79.1) (78.2) (74.7) (72.1) (68.9) (65.8) (63.4) (61.1) (51.3) (42.2) (40.3) (37.6) (36.1) (33.7) (30.4) (27.5) (26) (21.1) (18.4) (15.4) (14) (13.3) (11.8)
Other Financing Activities 334.0 (56.0) 1,586.3 (3,883.8) 3,814.0 6,400.4 329.7 400.8 (705.9) 786.4 523.6 750.8 992.6 1,363.9 2,015.1 711.8 1,424.8 134.2 91.5 506.4 399.7 248.7 300.3 (115.9) 788.0 25.6 (420.7) 465.7 281.9 24.5 259 (280.2) (12) 134 20.3 776.3 404
Financing Cash Flow (11.0) (372.9) (883.1) (4,200.8) 3,573.7 6,067.0 (84.1) 223.3 (924.5) 652.6 308.3 533.0 842.4 1,040.0 1,834.3 (19.9) 441.5 1,232.8 416.6 478.1 (583.0) (175.0) 795.3 85.4 1,384.2 (406.7) (111.5) 464.9 138.8 86 188.3 (346.2) (36.8) 195.4 7.4 748.6 357.5
Cash Position
Net Change in Cash 171.7 688.7 1,789.5 (3,399.2) 2,088.6 1,300.5 (301.4) 684.9 (277.3) 298.9 (598.0) (168.8) 489.7 262.3 56.9 (3.2) (835.5) (28.9) 173.9 480.2 19.4 (20.5) (143.3) (113.8) 207.5 (68.4) (53.5) (239.5) (833.3) (774.9) (565.8) (534.8) (550.7) (586.4) (756) (546.5) (477)
Cash at Beginning 3,376.0 2,687.3 897.8 4,297.0 2,208.3 907.8 1,209.2 524.4 801.6 502.7 1,100.7 1,269.5 779.8 517.6 460.7 463.8 1,299.4 1,328.2 1,154.3 674.1 654.7 675.2 710.4 824.2 616.7 685.2 738.7 978.2 833.3 774.9 565.8 534.8 550.7 586.4 756 546.5 477
Cash at End 3,547.7 3,376.0 2,687.3 897.8 4,297.0 2,208.3 907.8 1,209.2 524.4 801.6 502.7 1,100.7 1,269.5 779.8 517.6 460.7 463.8 1,299.4 1,328.2 1,154.3 674.1 654.7 567.1 710.4 824.2 616.7 685.2 738.7 972.1 860.9 754.1 188.6 513.9 781.8 763.4 1,295.1 834.5
Free Cash Flow 592.4 531.7 400.7 494.2 541.0 590.9 470.2 519.4 395.7 430.5 257.2 317.2 337.1 348.1 386.0 652.6 266.0 174.7 280.6 350.1 229.4 231.2 233.6 208.6 195.1 178.7 142.6 186.6 188.8 188.3 169.5 117.6 134.7 36.8 58.6 85.9 31.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 2,139.7 2,092.9 1,969.3 1,566.0 1,438.7 1,389.5 1,453.0 1,390.1 1,263.7 1,159.6 1,116.9 1,098.9 1,064.2 1,082.4 1,101.7 1,137.9 1,178.6 1,225.6 1,307.7 1,193.9 1,038.8 937.0 919.1 933.1 1,026.8 1,068.7 986.8 942.5 863 806.8 764.2 621.3 581.8 559.2 594 598.5 568.1 0 0 0
Gross Profit 1,711.7 1,630.7 1,550.7 1,481.2 1,492.2 1,209.6 1,299.2 1,282.0 1,174.7 1,090.2 1,060.1 1,041.3 1,013.0 1,017.1 998.3 954.3 863.9 859.6 866.9 849.2 814.1 793.9 763.4 746.4 707.4 702.1 666.9 604.8 546.5 500.4 474.3 429.8 394.5 337.2 288.8 268.8 260.6 0 0 0
Operating Income 731.8 679.5 619.7 632.4 686.3 441.2 531.8 544.2 430.4 401.0 383.6 384.4 384.3 398.6 381.0 318.1 242.1 274.5 300.4 323.7 317.6 311.1 291.2 293.5 269.4 267.9 247.8 225.6 202.1 182.4 168.7 147.7 137.3 111.8 90.9 87.7 87.9 0 0 0
Net Income 566.3 526.3 477.1 488.4 530.8 354.1 421.2 433.5 319.4 275.4 263.7 261.8 261.0 269.3 256.3 221.7 169.1 188.7 206.7 219.8 223.2 220.3 206.5 199.5 182.0 178.6 166.2 150.1 132.7 119.5 107.6 96.1 86.9 71.7 59.8 59.5 59 49 40.1 39.2
EPS (Diluted) 4.08 3.87 3.47 3.49 3.72 2.39 2.81 2.82 2.05 1.77 1.65 1.60 1.59 1.61 1.50 1.27 1.00 1.14 1.23 1.28 1.25 1.17 1.06 0.97 0.87 0.84 0.77 0.69 0.60 0.53 0.46 0.44 0.40 0.35 0.30 0.31 0.30 0.27 0.21 0.20
Balance Sheet
Cash & Equivalents 803.2 3,372.9 2,682.2 841.6 4,276.8 2,184.9 887.5 1,197.8 469.1 767.0 488.2 1,068.2 1,225.7 752.2 505.7 450.5 441.2 1,129.9 673.1 626.5 545.3 585.8 567.1 710.4 824.2 616.7 685.2 738.7 978.2 833.3 774.9 565.8 905.2 1,128.8 586.4 756 546.5
Total Assets 32,915.1 31,996.6 31,701.1 31,875.9 36,689.1 32,923.0 26,065.8 25,463.8 24,833.4 25,641.4 24,605.0 23,994.3 23,072.0 22,159.6 20,649.4 18,502.3 18,120.2 17,532.4 16,204.8 15,230.3 13,885.5 14,250.4 14,287.2 13,308.4 12,902.8 11,115.1 11,400.9 11,402 10,306.9 9,698.2 9,574 8,035.6 8,047.4 7,541.6 6,765.4 6,709.1 5,829.2
Total Debt 3,002.4 2,926.8 2,910.2 2,851.4 3,035.5 2,099.2 1,853.2 1,965.1 1,508.9 1,826.0 2,067.4 1,966.6 1,453.9 1,187.3 1,367.9 1,095.1 1,839.3 2,774.3 1,822.9 1,825.2 1,595.8 2,303.4 2,509.9 1,798.3 1,480.0 768.6 1,068.2 644.9 519.8 540.9 377.5 297.1 402 418.6 336.6 403.7 375
Stockholders' Equity 3,791.4 3,309.9 2,944.1 2,465.3 3,437.3 3,397.0 3,134.7 2,931.3 2,716.6 2,495.8 2,362.0 2,330.2 2,210.6 2,167.1 2,166.0 2,022.0 1,884.2 1,576.6 1,527.7 1,442.1 1,337.8 1,426.9 1,451.0 1,416.3 1,272.5 1,143.8 1,079.8 1,080.8 980.8 924.3 883.8 728.4 712.6 603.7 507.3 457.8 398
Cash Flow
Operating Cash Flow 645.1 577.9 488.8 559.4 597.7 624.0 512.8 552.7 426.5 455.0 289.1 360.8 360.9 383.1 407.4 671.2 295.3 217.3 335.7 391.5 293.6 264.7 269.7 262.7 273.7 227.8 211.7 216.9 216.4 214.7 195.3 136.7 150.7 61.9 80.1 104.7 68.3
Capital Expenditure (52.7) (46.1) (88.1) (65.2) (56.7) (33.1) (42.6) (33.3) (30.8) (24.5) (31.9) (43.7) (23.8) (35.0) (21.3) (18.5) (29.2) (42.6) (55.1) (41.5) (64.2) (31.2) (36.1) (54.0) (78.6) (49.1) (69.1) (30.3) (27.6) (26.4) (25.8) (19.1) (16) (25.1) (21.5) (18.8) (37)
Free Cash Flow 592.4 531.7 400.7 494.2 541.0 590.9 470.2 519.4 395.7 430.5 257.2 317.2 337.1 348.1 386.0 652.6 266.0 174.7 280.6 350.1 229.4 231.2 233.6 208.6 195.1 178.7 142.6 186.6 188.8 188.3 169.5 117.6 134.7 36.8 58.6 85.9 31.3