Carnival Corporation & plc logo CCL - Carnival Corporation & plc

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 28
HOLD 17
SELL 2
STRONG
SELL 0
| PRICE TARGET: $36.17 DETAILS
HIGH: $40.00
LOW: $33.00
MEDIAN: $36.00
CONSENSUS: $36.17
UPSIDE: 39.22%
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 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 1999 Q4
Revenue
Revenue 6,165 6,330 8,153 6,328 5,810 5,938 7,896 5,781 5,407 5,396 6,854 4,911 4,433 3,839 4,306 2,401 1,623 1,287 546 49 26 33 31 740 4,790 4,781 6,533 4,837 4,673 4,456 5,836 4,357 4,232 4,259 5,515 3,945 3,791 3,935 5,097 3,705 3,711 4,883 3,590 3,531 3,719 4,947 3,633 3,585 3,658 4,726 3,479 3,593 3,578 4,684 3,538 3,582 3,697 5,058 3,620 3,419 3,753 4,527 3,267 3,178 3,206 4,139 2,948 2,864 3,302 4,814 3,378 3,152 3,124 4,321 2,900 2,688 2,810 3,905 2,662 2,463 2,567 3,607 2,516 2,396 2,242 3,250 2,253 1,981 1,816.7 1,342 1,035.7 989.2 959.1 1,079.1 1,007.6 850.3 1,228.2 875.1 824.9 783.9
Cost of Revenue 3,939 4,637 4,385 3,886 3,766 3,833 4,303 3,798 3,705 3,629 3,921 3,457 3,311 3,665 3,379 2,683 2,030 1,823 1,616 681 535 689 1,549 2,484 3,523 3,076 3,532 3,159 3,142 2,741 2,958 2,681 2,709 2,617 3,013 2,436 2,435 2,319 2,563 2,258 2,218 2,490 2,404 2,335 2,497 2,760 2,572 2,592 2,621 2,917 2,487 2,599 2,551 2,597 2,478 2,694 2,569 2,814 2,521 2,395 7,113 2,389 2,165 2,182 2,143 791 1,885 1,850 2,132 2,634 2,159 2,114 1,985 2,189 1,763 1,691 1,680 1,975 1,620 1,516 1,533 1,760 1,488 1,423 1,341 1,574 1,326 1,217 1,090.9 827 578.1 533.5 2,424.7 601.3 600.1 2,054.0 614.7 497.1 11.4 434.3
Gross Profit 2,226 1,693 3,768 2,442 2,044 2,105 3,593 1,983 1,702 1,767 2,933 1,454 1,122 174 927 (282) (407) (536) (1,070) (632) (509) (656) (1,518) (1,744) 1,267 1,705 3,001 1,678 1,531 1,715 2,878 1,676 1,523 1,642 2,502 1,509 1,356 1,616 2,534 1,447 1,493 2,393 1,186 1,196 1,222 2,187 1,061 993 1,037 1,809 992 994 1,027 2,087 1,060 888 1,128 2,244 1,099 1,024 (3,360) 2,138 1,102 996 1,063 3,348 1,063 1,014 1,170 2,180 1,219 1,038 1,139 2,132 1,137 997 1,130 1,930 1,042 947 1,034 1,847 1,028 973 901 1,676 927 764 725.8 515 457.6 455.7 (1,465.6) 477.8 407.5 (1,203.7) 613.5 378.0 813.4 349.5
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 924 959 779 816 848 886 763 789 813 788 713 736 712 741 625 619 530 580 425 417 462 443 265 492 678 667 563 621 629 656 573 605 616 616 547 553 549 584 529 532 563 484 491 529 547 481 504 521 532 439 449 460 459 409 431 421 435 421 440 422 433 381 404 396 424 381 393 392 407 372 425 425 426 363 406 384 393 335 354 366 356 300 342 334 341 306 322 316 283.7 212 169.3 142.7 161.4 154.6 155.9 126.4 119.3 120.8 120.9 121.0
Other Expenses 695 0 718 692 653 658 652 634 613 595 596 598 582 568 581 572 554 777 562 567 553 543 550 1,941 1,302 553 548 542 516 506 511 512 488 478 562 456 439 435 443 437 420 399 406 401 408 414 410 405 402 419 391 389 392 383 376 549 385 390 380 367 (4,134) 355 349 345 345 1,771 317 311 313 323 312 301 290 279 272 260 261 255 240 232 230 226 224 221 213 210 200 188 168.0 135 100.9 92.6 (1,746.6) 115.3 112.7 (1,538.6) 73.7 62.8 533.0 228.5
Operating Expenses 1,619 959 1,497 1,508 1,501 1,544 1,415 1,423 1,426 1,383 1,309 1,334 1,294 1,309 1,206 1,191 1,084 1,357 987 984 1,015 986 815 2,433 1,980 1,220 1,111 1,163 1,145 1,162 1,084 1,117 1,104 1,094 1,109 1,009 988 1,019 972 969 983 883 897 930 955 895 914 926 934 858 840 849 851 792 807 970 820 811 820 789 (3,701) 736 753 741 769 2,152 710 703 720 695 737 726 716 642 678 644 654 590 594 598 586 526 566 555 554 516 522 504 451.7 347 270.2 235.3 (1,585.1) 269.9 268.5 (1,412.2) 193.0 183.6 653.9 349.5
Operating Income
Operating Income 607 734 2,271 934 543 561 2,178 560 276 384 1,624 120 (172) (1,135) (279) (1,473) (1,491) (1,893) (2,057) (1,616) (1,524) (1,642) (2,333) (4,177) (713) 485 1,890 515 386 553 1,794 559 419 548 1,393 500 368 597 1,562 478 510 1,510 289 266 267 1,292 147 67 103 951 152 145 176 1,295 253 (82) 308 1,433 279 235 341 1,402 349 255 294 1,196 353 311 450 1,485 482 312 423 1,490 459 353 476 1,340 448 349 448 1,321 462 418 347 1,160 405 260 274.1 168 187.4 220.4 119.5 207.9 138.9 208.6 420.5 194.4 159.5 1,593.0
Interest Expense 291 315 296 341 377 403 431 450 471 466 518 542 539 448 422 370 368 348 418 437 398 348 310 182 55 49 52 54 51 47 49 49 48 48 49 50 51 55 61 57 50 53 57 57 75 69 72 72 82 76 78 83 77 84 87 88 92 96 91 86 93 90 99 96 99 95 90 96 106 108 102 98 0 95 94 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 12 17 15 12 7 16 19 25 33 50 59 69 56 40 24 6 3 2 3 4 3 3 3 6 5 7 8 5 4 4 5 3 3 2 3 2 2 1 2 2 2 2 2 2 2 2 2 2 4 2 3 2 2 2 3 3 3 3 3 2 2 3 3 4 4 4 2 4 5 8 12 10 0 20 17 0 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 1,303 1,445 2,870 1,615 957 1,351 2,825 1,180 870 1,023 2,179 737 435 (586) 244 (889) (966) (1,724) (1,879) (1,056) (1,029) (1,346) (2,000) (3,626) (145) 1,038 2,427 1,056 905 1,062 2,304 1,125 926 1,086 1,890 891 844 1,103 1,969 1,102 741 1,702 689 510 388 1,724 581 458 541 1,417 510 511 562 1,803 477 323 686 1,828 675 610 715 1,758 699 601 645 1,528 677 645 2,661 1,816 810 625 713 1,790 747 613 737 1,595 688 581 678 1,547 687 639 560 1,371 605 448 442.1 303 288.3 492.5 293.8 (278.1) (348.5) 247.3 (120.6) (239.9) 227.1 2,016.6
EBIT 607 718 2,153 923 306 692 2,174 546 257 427 1,583 140 (147) (1,154) (337) (1,461) (1,520) (2,276) (2,441) (1,623) (1,581) (1,889) (2,551) (4,203) (715) 485 1,879 513 389 555 1,793 613 438 608 1,417 434 405 668 1,526 664 321 1,303 283 109 (20) 1,310 171 53 139 1,011 119 122 170 1,420 101 (53) 301 1,438 295 243 348 1,403 350 256 300 1,192 360 334 476 1,493 498 324 423 1,511 475 353 476 1,340 448 349 448 1,321 462 418 347 1,160 405 260 274.1 168 187.4 220.4 202.6 (370.5) (440.1) 170.7 (195.8) (308.2) 159.5 1,593.0
Income Before Tax 280 404 1,857 582 (71) 289 1,743 96 (214) (39) 1,065 (402) (686) (1,602) (759) (1,831) (1,888) (2,624) (2,859) (2,060) (1,979) (2,237) (2,861) (4,385) (770) 436 1,827 459 338 508 1,744 564 390 560 1,368 384 354 613 1,465 607 271 1,250 226 52 (95) 1,241 99 (19) 57 935 41 39 93 1,336 14 (141) 209 1,342 204 157 255 1,313 251 160 201 1,097 270 238 370 1,385 396 226 348 1,416 381 279 413 1,263 377 265 383 1,226 388 342 284 1,085 332 199 214.2 124 171.2 188.1 102.4 184.0 122.8 191.1 407.3 206.5 176.3 248.2
Income Tax Expense 17 (18) 6 17 7 (14) 8 5 0 10 (9) 5 7 (3) 11 3 3 (4) (23) 12 (6) (15) (2) (11) 11 15 47 8 2 14 37 3 0 14 39 5 2 5 41 2 1 34 4 3 7 0 1 1 (9) 1 0 2 0 6 0 (2) (8) 5 (2) 5 7 10 (1) (15) 8 24 6 (22) (1) 52 6 (10) (10) 39 (9) (4) (3) 31 (3) 14 30 45 0 (3) (9) 60 0 (4) 9.2 (4) (20.1) (6.1) (14.0) (2.9) (5.2) (2.7) 11.1 2.5 4.8 (2.8)
Net Income 258 422 1,852 565 (78) 303 1,735 92 (214) (48) 1,074 (407) (693) (1,598) (770) (1,834) (1,891) (2,620) (2,836) (2,072) (1,973) (2,222) (2,858) (4,374) (781) 423 1,780 451 336 493 1,707 561 391 546 1,329 379 352 608 1,424 605 270 1,216 222 49 (102) 1,241 98 (20) 66 934 41 37 93 1,330 14 (139) 217 1,337 206 152 248 1,303 252 175 193 1,073 264 260 371 1,333 390 236 358 1,377 390 283 416 1,232 380 251 353 1,181 388 345 293 1,025 332 203 205.1 128 191.3 194.2 116.3 187.0 128.0 193.8 396.2 204.0 171.5 251.0
Per Share Data
EPS (Basic) 0.19 0.32 1.41 0.43 -0.06 0.17 1.37 0.07 -0.17 -0.04 0.85 -0.32 -0.55 -1.27 -0.65 -1.61 -1.66 -2.31 -2.50 -1.83 -1.80 -2.87 -3.69 -6.07 -1.14 0.62 2.58 0.65 0.48 0.71 2.42 0.79 0.54 0.76 1.84 0.52 0.48 0.84 1.93 0.81 0.35 1.56 0.29 0.06 -0.13 1.61 0.13 -0.03 0.09 1.20 0.05 0.05 0.12 1.71 0.02 -0.18 0.28 1.69 0.26 0.19 0.31 1.65 0.32 0.22 0.25 1.36 0.34 0.33 0.47 1.70 0.50 0.30 0.45 1.73 0.49 0.36 0.52 1.55 0.47 0.31 0.44 1.46 0.48 0.43 0.37 1.28 0.41 0.25 0.29 0.19 0.32 0.33 0.20 0.32 0.22 0.32 0.67 0.34 0.28 0.41
EPS (Diluted) 0.19 0.31 1.33 0.42 -0.06 0.17 1.26 0.07 -0.17 -0.04 0.79 -0.32 -0.55 -1.27 -0.65 -1.61 -1.66 -2.31 -2.50 -1.83 -1.80 -2.87 -3.69 -6.07 -1.14 0.61 2.58 0.65 0.48 0.71 2.41 0.78 0.54 0.76 1.83 0.52 0.48 0.83 1.93 0.80 0.35 1.56 0.29 0.06 -0.13 1.60 0.13 -0.03 0.09 1.20 0.05 0.05 0.12 1.71 0.02 -0.18 0.28 1.69 0.26 0.19 0.31 1.62 0.32 0.22 0.24 1.33 0.33 0.33 0.45 1.65 0.49 0.30 0.43 1.67 0.48 0.35 0.51 1.49 0.46 0.31 0.42 1.40 0.47 0.42 0.35 1.22 0.40 0.25 0.28 0.19 0.32 0.33 0.20 0.32 0.22 0.32 0.67 0.34 0.28 0.41
Shares Outstanding 1,379 1,313 1,313 1,312 1,309 1,300 1,267 1,267 1,264 1,263 1,263 1,263 1,260 1,259 1,185 1,140 1,137 1,135 1,133 1,132 1,095 775 775 721 684 686 689 691 693 698 706 714 717 720 723 724 725 727 737 751 774 778 778 816.7 776 776 776 776 775 775 777 776 777 778 779 778 778 790 791 790 788 789 788 787 787 787 787 787 786 786 786 786 793 794 795.9 786.1 799.6 794.8 808.5 809.7 804.6 808.9 808.3 802.3 802.6 800.8 809.8 812 719.4 673.7 590.7 588.5 586.1 584.1 584.6 599.4 591.0 599.9 612.6 611.3
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 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 1,424 1,928 1,763 2,146 833 1,210 1,522 1,646 2,242 2,415 2,842 4,468 5,455 4,029 7,071 7,054 6,414 8,939 7,151 7,067 9,674 9,513 8,176 6,881 1,354 518 1,153 1,202 649 982 526 1,053 453 395 489 597 437 603 462 519 594 753 538 485 607 1,412 443 563 1,070 1,381.0 732.9 667 1,300.4 1,155.2 666.6 133.1 189.3 141.1 295.6 552.8 521.8 484.2 382.6 574.3 137.3 125.1 120.6 114.1 140.0 215.4 93.6 88.9 111.6 85.8 89.2 291.7 53.4 88.1 141.5 49.7 54.1 95.4 93.6 40.4 60.2 47.8 25.8 64.6
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 151 515 200 647 2,204 1,840 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 341 0 0 1 68.0 37.6 39 47.0 0 0 0 0 4.5 4.6 5.6 0 455.8 614.8 217 6.0 21.4 9.4 9.7 9.7 10.3 12.4 12.4 12.5 18.9 26.1 26.6 50.4 60.2 64.3 63.9 70.1 0 0 0 0 0 0 0
Net Receivables 663 678 651 569 543 590 632 494 644 556 485 449 514 395 360 359 267 246 281 218 250 273 376 604 405 444 441 405 406 358 366 342 345 312 324 319 307 298 423 442 455 392 362 424 402 423 425 445 403 347.1 110.1 108 129.3 113.5 113.7 109.0 95.4 109.1 96.7 82.3 62.9 115.6 103.2 72.9 60.8 73.3 66.5 61.3 57.1 49.8 49.3 42.9 38.1 41 35.4 30.3 33.1 32.6 32.1 28.4 20.8 27.4 32.1 24.4 19.3 25.1 26.4 20.6
Inventory 510 505 475 476 518 507 492 509 531 528 483 438 448 428 420 425 392 356 322 308 312 335 349 362 440 427 482 501 444 450 405 402 394 387 357 351 361 322 314 315 297 321 320 308 305 297 211 200 171 157.8 95.4 91 91.0 96.3 100.6 101.3 100.5 92.4 94.7 86.8 84 79.2 81 77.6 75.4 74.2 76.2 56 55.0 54.4 54.9 53.7 53.3 51.3 52.1 49.5 48.8 49.8 48.9 45.8 45.1 42.7 40.5 38.7 37.2 34.3 34.3 33.7
Other Current Assets 726 1,108 979 1,158 354 1,071 980 1,119 329 1,767 873 851 727 1,988 0 (1) (1) 13 0 1 1 (1) 0 1 (1) (1) 1 0 (1) (1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 101 147 275 301.1 68.0 78.7 97.0 118.5 88.2 68.6 0 0 0 0 22.8 87.9 100.3 95 0 88.9 102.8 85.9 0 75.1 91.8 84.9 0 66.7 77 72.9 0 57.9 80.4 62 0 119.5 141.6 139.2 137.1 180.8 288.9 172.2
Total Current Assets 3,323 4,219 3,868 4,349 2,977 3,378 3,626 3,768 4,484 5,266 4,683 6,206 7,144 7,492 8,432 8,554 8,057 10,133 8,909 10,198 12,459 10,563 9,268 8,222 2,885 2,059 2,712 2,835 2,101 2,225 1,755 2,278 1,667 1,596 1,661 1,774 1,597 1,689 1,554 1,600 1,586 1,745 1,518 1,534 1,559 2,722 1,450 1,592 2,132 2,547.1 1,222.7 1,132.2 1,801.6 1,625.7 1,144.4 585.2 549.5 469.2 622.4 852.2 791.6 1,222.7 1,281.9 1,036.8 370.3 382.9 375.5 327 336.0 405 302 282.8 290.9 263.7 279.8 471 256.4 288.6 367.2 249.8 240.4 285 307.8 242.7 253.8 288 375.4 291.1
Non-Current Assets
Property, Plant & Equipment 44,995 44,822 44,241 44,116 42,995 43,163 43,763 43,387 42,753 41,381 41,229 40,894 40,605 39,961 39,300 40,467 41,461 39,440 40,283 40,914 40,937 39,444 38,305 38,552 39,492 38,131 36,466 36,814 37,005 35,336 35,178 35,227 35,027 34,430 34,172 33,823 32,328 32,429 32,864 33,244 29,317 29,702 29,870 28,663 26,225 25,134 19,948 18,928 17,522 16,708.6 10,238.8 10,115.4 9,251.8 8,427.8 8,381.3 8,076.3 8,001.3 7,102.2 6,674.1 6,439.5 6,410.5 6,083.4 5,770.9 5,764.5 5,768.1 5,481.6 5,469.8 4,648 4,327.4 4,131.7 4,104.1 4,122.5 4,099.0 3,783.5 3,806.7 3,637.2 3,414.8 3,394.5 3,089 3,095.7 3,071.4 2,916 2,638.3 2,648.6 2,588 2,148.6 2,137.9 2,142.1
Goodwill 579 579 579 579 579 579 579 579 579 579 579 579 579 579 579 579 579 579 810 818 814 807 807 790 2,176 2,912 2,886 2,907 2,943 2,925 2,949 2,950 3,014 2,967 2,957 2,953 2,911 2,910 2,964 3,019 3,214 3,326 3,451 3,388 3,225 3,356 3,212 3,123 3,031 3,649.2 706.5 681.1 678.4 662.3 684.9 706.7 701.4 452.7 455.3 458.8 462.3 0 0 0 437.5 0 0 0 212.6 0 0 0 219.6 0 0 0 226.6 0 0 0 233.6 0 0 0 0 0 0 0
Intangible Assets 1,181 1,177 1,181 1,178 1,162 1,163 1,173 1,167 1,168 1,169 1,168 1,163 1,158 1,156 1,151 1,167 1,181 1,181 1,190 1,198 1,195 1,186 1,186 1,168 1,173 1,174 1,166 1,172 1,181 1,176 1,182 1,183 1,198 1,200 1,247 1,286 1,279 1,275 1,290 1,305 1,289 1,316 1,346 1,328 1,281 1,334 1,349 1,357 1,324 0 0 681 0 0 0 0 0 0 0 0 462.3 402.4 406.7 434.2 0 439.7 403.1 210.9 0 214.4 216.1 217.8 0 221.3 223.1 224.8 0 228.3 230.1 231.8 0 232.1 233.8 235.6 237.3 239.6 241.3 243
Long-Term Investments 0 221 0 0 0 184 0 4 21 149 10 21 21 1 30 0 0 0 0 0 0 289 15 15 64 204 0 0 0 244 0 0 0 0 11 1 4 3 0 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 362.0 423.6 437.4 516.3 541.6 543.8 586.9 0 0 0 546.7 0 0 0 479.3 0 0 0 430.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1,489 669 962 943 822 591 665 698 756 576 2,088 3,009 2,480 2,514 2,425 2,221 2,002 2,011 2,323 1,936 1,821 1,305 1,237 1,071 1,152 579 771 785 700 494 689 546 535 585 595 614 584 575 660 662 623 643 650 632 546 642 444 506 482 458.5 325.1 406.6 464.9 559.9 732.3 493.5 141.4 51.8 48.7 38.3 34.7 519.1 539.8 595 56.8 488.1 463.4 533.8 71.4 490.7 448.1 463.9 62.0 434.6 467 210 207.7 123.5 112.3 126.7 124.4 120.3 139.2 135.2 139.8 126 127.1 126.9
Total Non-Current Assets 48,244 47,468 46,963 46,816 45,558 45,680 46,180 45,835 45,277 43,854 45,074 45,666 44,843 44,211 43,485 44,434 45,223 43,211 44,606 44,866 44,767 43,031 41,550 41,596 44,057 43,000 41,289 41,678 41,829 40,175 39,998 39,906 39,774 39,182 38,982 38,677 37,106 37,192 37,778 38,251 34,443 34,987 35,317 34,011 31,277 30,466 24,953 23,914 22,359 20,816.4 11,270.4 11,203 10,395.1 9,650.1 10,160.5 9,700.1 9,281.5 8,123.0 7,719.7 7,480.5 7,494.4 7,004.9 6,717.4 6,793.7 6,809.0 6,409.4 6,336.3 5,392.7 5,090.8 4,836.8 4,768.3 4,804.2 4,811.0 4,439.4 4,496.8 4,072 3,849.1 3,746.3 3,431.4 3,454.2 3,429.4 3,268.4 3,011.3 3,019.4 2,965.1 2,514.2 2,506.3 2,512
Total Assets 51,567 51,687 50,831 51,165 48,535 49,057 49,805 49,603 49,761 49,120 49,756 51,873 51,985 51,703 51,917 52,988 53,281 53,344 53,514 55,064 57,226 53,593 50,818 49,817 46,943 45,058 44,001 44,512 43,930 42,401 41,753 42,184 41,441 40,778 40,643 40,451 38,703 38,936 39,332 39,851 36,029 36,732 36,835 35,545 32,836 33,188 26,403 25,506 24,491 23,363.5 12,493.1 12,334.8 12,196.7 11,275.8 11,304.9 10,285.3 9,831.3 8,592.2 8,342.2 8,332.7 8,286.4 8,227.6 7,999.3 7,830.5 7,179.3 6,792.3 6,711.8 5,719.7 5,426.8 5,241.8 5,070.3 5,087 5,101.9 4,703.1 4,776.6 4,543 4,105.5 4,034.9 3,798.6 3,704 3,669.8 3,553.4 3,319.1 3,262.1 3,218.9 2,802.2 2,881.7 2,803.1
Current Liabilities
Account Payables 1,242 1,245 1,173 1,198 1,091 1,133 1,062 1,063 1,103 1,168 1,103 1,042 1,022 1,050 920 912 772 797 672 499 505 624 691 1,809 904 756 695 792 798 730 666 745 795 762 639 690 669 713 704 667 548 528 568 543 496 468 711 689 645 615.8 304.9 269 317.3 299.5 314.9 302.8 332.7 228.6 194.6 197.5 195.9 189.6 180.1 156.6 168.5 161 187.9 99.5 106.8 112 108.1 110 84.7 136.3 105.7 90 90.2 105.5 88 85.2 86.8 100 97.2 89.3 81.4 85.4 87.2 78.7
Short-Term Debt 1,673 2,603 1,417 1,392 1,531 1,538 2,214 2,181 2,195 2,089 1,780 1,789 2,464 2,593 5,552 5,871 5,013 4,717 4,402 4,807 4,809 4,826 5,995 5,935 3,200 1,827 1,845 2,094 2,452 2,426 1,320 1,685 2,114 2,202 1,447 1,783 1,296 1,097 1,073 1,246 2,079 1,712 950 1,962 1,825 1,677 1,357 580 486 346.3 226.7 155 25.7 181.8 417.8 505.9 248.2 6.7 208.9 207.8 206.3 33.7 33.7 66.7 706.0 72.4 58.5 50.9 59.6 62.1 62.1 66.4 66.4 72.5 72.7 72.8 72.8 72.2 78.6 87.2 84.6 91 91.1 91.5 91.6 91.5 118.1 122.4
Deferred Revenue 7,472 0 6,691 8,082 6,853 6,425 6,436 7,883 6,642 6,072 5,955 6,892 5,495 4,874 4,470 4,767 3,367 3,112 2,707 1,992 1,826 1,940 2,150 2,618 4,690 4,735 4,674 5,815 4,755 4,395 4,418 5,308 4,288 3,958 4,038 4,778 3,734 3,522 3,585 4,275 3,208 2,515 2,575 2,852 739 2,620 510 555 541 565.1 339.1 352.0 0 369.5 341.7 328.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 2,033 9,069 0 (1) 0 0 1 0 0 0 0 0 0 0 0 0 2 (1) 0 0 1 1 (1) 0 0 0 0 1 0 18 0 31 1 1 0 0 0 0 0 0 0 0 0 0 0 1,170 1,702 1,150 1,102 1,162.7 453.4 553.4 97.8 500.9 678.2 509.6 831.8 701.7 854.4 660.7 740.5 1,002.2 1,080.5 915 0 895.3 969.5 679.8 420.9 570.5 643 553.8 352.7 480.8 603 487.3 292.6 485.4 526.3 411.5 257.5 409 487.2 395.1 377 358.3 421.7 346.6
Total Current Liabilities 12,420 13,092 11,436 12,920 11,578 11,617 12,265 13,385 12,396 11,481 11,008 11,835 11,088 10,605 12,954 13,380 10,920 10,408 9,491 8,754 8,619 8,686 10,184 11,858 10,716 9,127 8,932 10,377 9,642 9,204 8,020 9,308 8,851 8,800 7,969 9,058 7,465 7,072 7,100 7,841 6,763 5,667 4,967 6,167 5,340 7,147 4,790 3,529 3,315 3,255.0 1,663.2 1,619.8 1,508.5 1,721.3 2,094.3 1,975.2 1,715.3 1,255.5 1,564.3 1,352.0 1,404.9 1,225.5 1,294.3 1,138.3 1,135.1 1,128.7 1,215.9 830.2 786.1 744.6 813.2 730.2 662.7 689.6 781.4 650.1 594.7 663.1 692.9 583.9 565.0 600 675.5 575.9 550 535.2 627 547.7
Non-Current Liabilities
Long-Term Debt 23,788 24,037 25,064 25,862 25,487 25,936 26,642 27,154 28,544 28,483 29,516 31,921 32,672 31,953 28,518 29,263 29,887 28,509 26,831 25,968 26,522 22,130 18,916 14,870 9,738 9,675 8,893 9,080 9,134 7,897 8,297 8,172 7,445 6,993 7,723 7,635 7,796 8,325 8,320 8,183 7,681 8,933 9,097 8,317 7,690 5,735 6,623 7,247 6,918 6,707.8 3,083.6 3,012.0 3,044.5 2,478.5 2,416.7 1,854.7 2,099 1,475.8 871.0 865.7 868 1,184.5 1,241 1,355.6 1,563.0 1,374.9 1,557 1,189.8 1,015.3 926.5 937.1 1,116.2 1,316.6 1,059.5 1,353.8 1,479.4 1,150.0 1,072.4 996.9 1,128.4 1,161.9 1,054.3 896.2 991.4 1,031.2 660.5 783 829.9
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (736) 0 0 0 0 0 0 0 190.0 170.8 167.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,164 1,097 1,202 1,158 1,078 1,013 1,042 1,075 1,001 1,104 1,092 1,045 908 892 990 965 973 1,044 1,060 1,148 1,015 949 934 958 887 891 881 947 912 857 782 771 763 769 779 794 782 942 1,012 1,036 0 0 736 0 0 0 593 0 166 99.5 (170.8) (56.5) 16.3 383.7 596.3 363.3 (0.6) 0 0 0 (0.5) 75.4 82.8 88.9 0 52.5 23.9 22.5 0 75.5 89.7 91.3 0 16.8 17.1 17.2 15.9 15.5 14.6 13.9 14.0 16.3 15.1 21 10.5 10.1 8.9 8.6
Total Non-Current Liabilities 26,098 26,312 27,467 28,237 27,774 28,189 28,942 29,403 30,683 30,757 31,788 34,174 34,728 34,034 30,584 31,348 32,050 30,791 29,160 28,433 28,793 24,352 21,131 17,120 11,937 10,566 9,774 10,027 10,046 8,754 9,079 8,943 8,208 7,762 8,502 8,429 8,578 9,267 9,332 9,219 8,402 9,646 9,833 8,993 8,342 6,333 7,216 7,795 7,383 7,114.9 3,292.8 3,297.1 3,396.6 3,008.1 3,156.8 2,367.6 2,245.4 1,567.4 962.3 955.1 950.2 1,259.9 1,323.8 1,444.5 1,626.0 1,427.4 1,580.9 1,212.3 1,035.5 1,002 1,026.8 1,207.5 1,408.3 1,076.3 1,370.9 1,496.6 1,165.9 1,087.9 1,011.5 1,142.3 1,175.9 1,070.6 911.3 1,012.4 1,041.7 670.6 791.9 838.5
Total Liabilities 38,518 39,404 38,903 41,157 39,352 39,806 41,207 42,788 43,079 42,238 42,796 46,009 45,816 44,639 43,538 44,728 42,970 41,199 38,651 37,187 37,412 33,038 31,315 28,978 22,653 19,693 18,706 20,404 19,688 17,958 17,099 18,251 17,059 16,562 16,471 17,487 16,043 16,339 16,432 17,060 15,165 15,313 14,800 15,160 13,682 13,480 12,006 11,324 10,698 10,369.9 4,956.1 4,916.9 4,905.0 4,729.4 5,251.1 4,342.7 3,960.7 2,823.0 2,526.6 2,307.1 2,355.1 2,485.4 2,618.1 2,582.8 2,761.2 2,556.1 2,796.8 2,042.5 1,821.7 1,746.6 1,840 1,937.7 2,071.0 1,765.9 2,152.3 2,146.7 1,760.6 1,751 1,704.4 1,726.2 1,740.9 1,670.6 1,586.8 1,588.3 1,591.7 1,205.8 1,418.9 1,386.2
Stockholders' Equity
Common Stock 375 374 374 374 374 374 374 374 374 373 373 373 373 373 373 372 372 372 372 372 372 372 369 367 366 365 365 365 365 365 365 365 365 365 365 365 365 365 365 365 361 361 360 360 360 360 358 358 355 353.3 5.9 5.9 5.9 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.1 6.1 6.1 6.0 6 5.9 3 3.0 3 3 3 2.9 2.9 2.9 2.9 2.8 2.8 2.8 2.8 2.8 0 0 0 0 0 0 0
Retained Earnings 4,733 4,817 4,395 2,543 1,991 2,101 1,798 62 (29) 185 233 (841) (434) 269 1,868 2,649 4,493 6,448 9,194 12,030 14,102 16,075 18,297 21,155 25,527 26,653 26,576 25,138 25,033 25,066 24,921 23,564 23,360 23,292 23,066 22,026 21,939 21,843 21,488 20,320 15,830 15,657 15,561 14,504 14,240 12,878 7,526 7,294 7,191 6,435.0 6,391.1 6,325.9 6,196.1 5,501.5 5,076.0 4,950.6 4,884.0 4,758.4 4,423.8 4,283.2 4,176.5 3,990.2 3,630.4 3,482.2 3,379.6 3,212.6 2,912.5 2,796.5 2,731.2 2,620.4 2,355.2 2,260.5 2,207.8 2,125.4 1,884.2 1,803.6 1,752.1 1,693.5 1,505.4 1,436.9 1,390.6 1,341.7 1,192.7 1,134.6 1,089.3 1,058.9 926.5 881.1
Accumulated Other Comprehensive Income (1,738) (1,810) (1,715) (1,753) (1,986) (1,974) (1,894) (1,919) (1,938) (1,939) (1,896) (1,903) (1,972) (1,982) (2,024) (1,742) (1,486) (1,501) (1,349) (1,126) (1,233) (1,436) (1,439) (1,962) (2,028) (2,066) (2,183) (2,076) (1,869) (1,949) (1,840) (1,855) (1,486) (1,782) (1,845) (2,154) (2,440) (2,454) (2,012) (1,648) (1,029) (273) 462 107 (847) 885 327 356 160 165.9 59.6 8.2 13.4 (25.1) (88.9) (72.8) (75.1) (49.8) (35.8) (18.4) 1.1 (1,217.4) (1,157.9) (1,105.1) 24.7 0 0 0 (854.4) (820.9) (774) (744.3) (708.8) (745.9) (713.3) (681.7) (649.7) (618.1) (587.2) (560.2) (530.7) (435.4) (435.4) (435.4) (435.4) (400.3) (400.3) (378)
Total Stockholders' Equity 13,031 12,284 11,928 10,008 9,183 9,252 8,597 6,814 6,682 6,882 6,960 5,864 6,169 7,064 8,379 8,260 10,311 12,145 14,863 17,877 19,814 20,555 19,503 20,839 24,290 25,365 25,295 24,108 24,242 24,443 24,654 23,933 24,382 24,216 24,172 22,964 22,660 22,597 22,900 22,791 20,864 21,419 22,035 20,385 19,154 19,708 14,397 14,182 13,793 12,993.6 7,537.0 7,417.9 7,291.7 6,546.4 6,053.8 5,942.6 5,870.6 5,769.2 5,815.6 6,025.6 5,931.2 5,594.3 5,242.5 5,113.9 4,285.5 4,104.4 3,791.9 3,677.2 3,605.1 3,495.2 3,230.3 3,149.3 3,030.9 2,937.2 2,624.3 2,396.3 2,344.9 2,283.9 2,094.2 1,977.8 1,928.9 1,882.8 1,732.3 1,673.8 1,627.2 1,596.4 1,462.8 1,416.9
Total Liabilities & Equity 51,567 51,687 50,831 51,165 48,535 49,057 49,805 49,602 49,761 49,120 49,756 51,873 51,985 51,703 51,917 52,988 53,281 53,344 53,514 55,064 57,226 53,593 50,818 49,817 46,943 45,058 44,001 44,512 43,930 42,401 41,753 42,184 41,441 40,778 40,643 40,451 38,703 38,936 39,332 39,851 36,029 36,732 36,835 35,545 32,836 33,188 26,403 25,506 24,491 23,363.5 12,493.1 12,334.8 12,196.7 11,275.8 11,304.9 10,285.3 9,831.3 8,592.2 8,342.2 8,332.7 8,286.4 8,227.6 7,999.3 7,830.5 7,179.3 6,792.3 6,711.8 5,719.7 5,426.8 5,241.8 5,070.3 5,087 5,101.9 4,703.1 4,776.6 4,543 4,105.5 4,034.9 3,798.6 3,704 3,669.8 3,553.4 3,319.1 3,262.1 3,218.9 2,802.2 2,881.7 2,803.1
Debt Metrics
Total Debt 26,607 27,993 27,860 28,648 28,391 28,876 30,273 30,653 32,015 31,891 32,629 35,079 36,440 35,881 35,285 36,394 36,229 34,607 32,644 32,234 32,729 28,380 26,342 22,250 14,418 11,502 10,738 11,174 11,586 10,323 9,617 9,857 9,559 9,195 9,170 9,418 9,092 9,399 9,393 9,429 9,760 10,645 10,047 10,279 9,515 7,412 7,980 7,827 7,404 7,054.1 3,310.4 3,169 3,070.2 2,660.3 2,834.5 2,360.6 2,347.2 1,482.5 1,079.9 1,073.5 1,074.3 1,218.2 1,274.7 1,422.3 2,269.0 1,447.3 1,615.5 1,240.7 1,074.9 988.6 999.2 1,182.6 1,383.0 1,132 1,426.5 1,552.2 1,222.8 1,144.6 1,075.5 1,215.6 1,246.5 1,145.3 987.3 1,082.9 1,122.8 752 901.1 952.3
Net Debt 25,183 26,065 26,097 26,502 27,558 27,666 28,751 29,007 29,773 29,476 29,787 30,611 30,985 31,852 28,214 29,340 29,815 25,668 25,493 25,167 23,055 18,867 18,166 15,369 13,064 10,984 9,585 9,972 10,937 9,341 9,091 8,804 9,106 8,800 8,681 8,821 8,655 8,796 8,931 8,910 9,166 9,892 9,509 9,794 8,908 6,000 7,537 7,264 6,334 5,673.1 2,577.4 2,502 1,769.7 1,505.1 2,167.9 2,227.5 2,157.9 1,341.4 784.3 520.7 552.5 734 892.1 848 2,131.8 1,322.2 1,494.9 1,126.6 934.9 773.2 905.6 1,093.7 1,271.4 1,046.2 1,337.3 1,260.5 1,169.4 1,056.5 934 1,165.9 1,192.4 1,049.9 893.7 1,042.5 1,062.6 704.2 875.3 887.7
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 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 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 263 422 1,852 564 (78) 303 1,735 91 (214) (48) 1,074 (407) (693) (1,598) (769) (1,835) (1,891) (2,620) (2,836) (2,072) (1,973) (2,222) (2,859) (4,374) (781) 423 1,780 451 336 493 1,708 560 391 546 1,330 378 352 608 1,424 605 1,151 408 345 332 203 205.1 734.3 127.8 126.9 191.3 500.8 194.2 129.6 116.3 495.0 187.0 193.8 396.2 204.0 171.5 251.0 415.1 203.3 157.8 220.6 344.8 160.6 109.9 155.3 297.9 127.4 85.4 114.8 268.2 106.2 77.1 84.2 209.6 89.7 67.6 70.1 168.8 77.8 65.1 50.2 152.2 65.1 50.7
Depreciation & Amortization 696 726 718 692 654 659 651 634 613 596 595 597 582 568 581 572 554 552 562 567 552 543 551 577 570 553 548 543 516 507 510 512 488 478 472 457 439 435 442 438 226 225 221 200 188 168.0 175.8 134.7 106.5 100.9 99.1 92.6 89.8 91.3 97.0 92.4 76.5 75.2 68.3 67.6 423.6 (63.1) (58.9) (57.9) 347.4 (57.4) (46.3) (43) 293.2 (43.2) (42) (40.7) 252.6 (39.7) (35.1) (32.8) 223.2 (32.8) (30.5) (31.5) 191.1 (27.8) (26.2) (26.5) (24.1) (23.6) (23.3) (22.3)
Stock-Based Compensation 28 28 25 27 18 15 17 19 11 10 12 22 9 22 25 28 26 26 29 26 40 53 14 18 20 8 11 7 20 16 17 14 18 15 14 14 20 15 12 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 121 195 (1,390) 1,069 (19) (124) (1,306) 1,153 1,237 310 6 817 392 279 (284) 1,173 (5) 865 396 (35) (268) (486) (1,795) (1,023) 118 64 (1,137) 1,054 231 79 (873) 997 161 40 (767) 998 128 (4) (510) 986 (374) 576 (35) 618 143 154.2 (182.5) 218.4 (64.1) (111.3) (61.2) 147.0 (66.6) (148.2) (69.5) 185.8 69.4 (70.5) 201.4 (165.9) (105.6) (68.3) 168.6 (16) 6.9 (93.6) 167.4 35 42.4 (58.2) 72.5 52.5 (25.3) (87.2) 119.2 55.2 (55.8) (32.7) 92.3 (3.8) (9.9) (21.1) 76 17.1 11.9 (46.5) 60.5 34.8
Other Non-Cash Items 155 147 178 40 350 58 108 142 1,483 90 116 70 98 612 103 65 104 211 83 76 79 168 1,244 2,082 (73) 13 17 (2) 13 16 (25) (19) 22 (1) 16 16 20 27 24 13 28 9 12 15 8 10.3 3.1 13.1 1.5 119.7 (77.0) 58.2 62.1 74.0 (57.2) 8.1 (61.9) (13.9) (24.4) 92.0 (305.8) 129.4 131.6 124.9 (360.9) 91.2 97 112.3 (322.3) 75.6 84.4 97.4 (256.8) 85.7 71 68.4 (187.0) 67.3 62.4 65 (181.3) 57.6 47 59.4 50.5 49.3 48.9 45.5
Operating Cash Flow 1,263 1,518 1,383 2,392 925 911 1,205 2,039 1,769 922 1,834 1,137 388 (117) (344) 3 (1,212) (368) (879) (1,359) (1,503) (1,652) (2,845) (2,720) 916 1,062 1,245 2,053 1,116 1,113 1,349 2,023 1,064 1,024 1,449 1,917 932 1,024 1,429 1,883 1,031 1,218 543 1,165 542 537.6 730.6 494.0 170.8 300.6 461.6 491.9 214.9 133.4 465.3 473.2 277.9 387.1 449.3 165.3 263.2 413.1 444.6 208.8 213.9 285 378.7 214.2 168.6 272.1 242.3 194.6 85.3 227 261.3 167.9 64.6 211.4 213.9 97.3 69.9 177.5 174.6 115.1 88.5 131.4 151.2 108.7
Investing Activities
Capital Expenditure (566) (1,506) (647) (851) (607) (592) (577) (1,319) (2,138) (675) (837) (697) (1,075) (1,181) (538) (491) (2,730) (487) (963) (383) (1,774) (1,721) (231) (342) (1,326) (1,981) (427) (893) (2,129) (966) (583) (1,627) (574) (648) (437) (1,447) (412) (646) (450) (1,636) (523) (553) (556) (1,285) (1,363) (619.5) (1,283.9) (500.4) (112.1) (964.0) (428.1) (151.0) (443.4) (113.2) (121.8) (470.7) (172.2) (490.0) (299.4) (93.0) (387.8) (372.3) (61.9) (51) (94.7) (107.4) (586.6) (361.7) (338.8) (74.8) (21.8) (62.3) (387.7) (57.9) (202.8) (253.5) (101.5) (306.5) (21.9) (54) (189.2) (310.6) (14.3) (80.7) (461.8) (32.4) (17.4) (201.2)
Acquisitions 0 0 0 0 0 0 16 0 0 80 5 0 23 15 (1) 37 18 0 0 225 9 0 0 0 (81) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 (15) (28) 6 (321) (172) (1) (858) (1,840) 0 0 0 0 6 0 0 (6) (2) (3) (13) 0 (46) (58) (47) (52) (82) (14) (50) (309) (498) (58) 0 0 0 0 0 0 0 153.5 0 0 0 0 0 0 0 0 (0.0) 430.3 164.7 (397.6) (210.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 90.8 (101) (16.3)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 (38) 179 364 0 650 1,559 450 17 (130) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 378 243 27 0 0 0 0 0 0 0 0 0 0 (0.2) 531.3 0.1 0 0.5 7.1 16.5 0 0 0 0 1.6 2.2 0 0 0.5 2.1 0 0 6.4 7.2 3.1 21 9.7 4.1 (0.3) 6.2 (1.1) 1.5 12 2.8 0 0 0 0
Other Investing Activities (31) 0 23 265 2 18 (16) 98 (25) 107 19 232 8 (81) 28 9 1 1 27 0 (1) 63 35 247 246 15 28 33 76 72 72 139 (14) 24 10 34 (10) 27 15 (28) 3 1 1 (12) 76 16.9 (10.1) 149.7 26.4 13.0 (21.2) (175.6) (3.2) (22.6) (56.3) 38.5 (242.5) (6.5) (15.2) 2.8 (69.2) 0.8 23.1 21.2 (241.8) 29 40.3 (1.9) 41.8 (36.7) (0.3) 35.3 90.6 69.5 (113) (2.1) (64.7) (11.1) 14.2 (2.3) (2.5) 19 (3.7) 1.6 34.7 0.3 (0.6) (0.3)
Investing Cash Flow (597) (1,506) (624) (586) (605) (574) (577) (1,221) (2,163) (488) (813) (465) (1,044) (1,300) (360) (75) (3,032) (8) 620 (566) (3,589) (1,788) (196) (95) (1,161) (1,960) (399) (859) (2,059) (896) (514) (1,501) (588) (670) (485) (1,460) (474) (701) (449) (1,714) (451) (807) (586) (1,297) (1,287) (602.6) (1,294.0) (350.7) (85.7) (951.0) (295.8) (326.6) (446.6) (136.1) 353.3 (432.0) (414.7) (496.0) (307.5) (73.8) (26.7) (206.8) (436.4) (240.5) (335.0) (76.2) (542.3) (363.6) (296.4) (109.4) (22.1) (27) (290.7) 18.8 (312.7) (234.6) (156.5) (313.5) (8) (50.1) (192.8) (290.1) (6) (76.3) (427.1) 58.7 (119) (217.8)
Financing Activities
Net Debt Issuance (945) 198 (1,103) (531) (468) (550) (767) (1,369) 345 (832) (2,705) (1,429) 151 397 (389) 806 1,796 2,693 778 (680) 4,312 2,538 4,281 8,154 1,470 768 (377) (236) 1,263 874 (306) 718 117 91 (622) 32 (290) 337 (70) 282 2 131 (183) 111 260 199.8 217 624 39 78.4 (103.2) 39.2 27.8 339.4 (255.3) 555.9 246.2 385.9 (0.1) (0.4) (144.5) (56.5) (147.7) (208.4) 183.3 (168.3) 217 165.8 86.4 (10.7) (183.3) (161.4) 257.1 (224.6) (125.7) 329.3 78.2 69.1 (140.1) (31) 126.2 133 (95.6) (39.9) 370.8 (149) (51.3) 77.8
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 (20) 0 (5) 0 (59) 0 (94) (94) 0 0 0 0 0 (12) (131) (156) (42) (274) (263) (692) (295) (218) (247) (153) (83) (69) (230) (709) (485) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (370.0) 0 0 0 0 0 0 0 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 (208) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (345) (344) (346) (347) (346) (348) (352) (357) (323) (323) (290) (290) (253) (254) (256) (262) (227) (161) (121) (120) (99) (100) (84.8) (84.0) (61.6) (61.6) (61.6) (61.6) (61.6) (61.5) (61.5) (61.5) (61.4) (61.4) (63.4) (64.8) (64.8) (55.3) (55.1) (55.2) (53.6) (44.7) (44.6) (44.6) (44.6) (32.7) (32.7) (32.7) (32.4) (26.5) (26.2) (25.6) (25.6) (21.4) (21.3) (21.2) (21.2) (19.8) (19.8) (19.7) (19.8) (19.7) (19.8) (19.7) (19.8)
Other Financing Activities (13) (32) (41) 10 (222) (81) (3) (51) (108) (28) 28 (214) (40) (38) (7) (12) (83) (549) (421) (11) (93) (58) (7) (29) (25) (34) (8) (16) (29) (12) (13) (11) (4) (2) (4) (16) (2) (16) (4) (4) (6) 1 (2) 1 (5) 10.9 (1.0) (12.3) 0.0 (1.6) 0.3 (0.0) (0.2) (9.2) (4.9) (11.5) 0 0 0 0 0.0 (0.1) 0 (0.1) (4.3) 0 (4) 0 (0.1) 0.1 (0.1) 0.1 (0.1) 0.1 0 0 0 (0.1) 0.1 0 (25) 0.1 (0.2) 0.1 (0.2) 0.1 0 0
Financing Cash Flow (1,166) 166 (1,144) (521) (690) (631) (770) (1,420) 237 (860) (2,677) (1,663) 111 360 754 735 1,728 2,050 376 (693) 5,216 4,951 4,274 8,336 1,089 257 (886) (638) 612 247 (1,368) 89 (428) (448) (1,069) (320) (615) (165) (1,045) (434) (150) (5) (282) 23 242 125.9 158.0 563.7 (21.6) 15.5 (162.5) (19.0) (32.3) 268.9 (319.5) 483.8 185.0 (45.5) (399.0) (60.4) (198.9) (104.8) (199.8) 468.7 133.2 (204.4) 170.1 123.6 52.4 (40.9) (215.5) (190.3) 231.3 (249.2) (151.1) 305 57.1 48.7 (114.2) (51.5) 81.6 114.4 (115.4) (58.7) 351.1 (168.2) (71) 58.7
Cash Position
Net Change in Cash (501) 165 (379) 1,315 (375) (312) (126) (605) (152) (434) (1,637) (984) (546) (1,070) 18 637 (2,524) 1,647 111 (2,611) 303 1,501 1,295 5,528 838 (640) (45) 550 (331) 456 (527) 600 60 (94) (108) 160 (166) 141 (57) (259) 418 400 (322) (120) (507) 82.0 (393.0) 648.1 66.2 (633.7) 3.3 135.5 (259.7) 266.1 488.6 533.5 48.1 (154.4) (257.2) 31.0 37.6 101.6 (191.7) 437 12.2 4.5 6.5 (25.9) (75.4) 121.8 4.7 (22.7) 25.8 (3.4) (202.5) 238.3 (34.7) (53.4) 91.8 (4.4) (41.2) 1.8 53.2 (19.9) 12.5 21.9 (38.8) (50.4)
Cash at Beginning 1,958 1,763 2,171 856 1,231 1,543 1,669 2,274 2,426 2,870 4,507 5,491 6,037 7,107 7,089 6,452 8,976 7,329 7,218 9,829 9,513 8,191 6,896 1,368 530 1,170 1,215 665 996 526 1,053 453 395 489 597 437 603 462 519 778 721 321 643 563 1,070 988.0 1,381.0 732.9 666.7 1,300.4 1,297.1 1,161.6 1,421.3 1,155.2 666.6 133.1 141.1 295.6 552.8 521.8 484.2 382.6 574.3 137.3 125.1 120.6 114.1 140 215.4 93.6 88.9 111.6 85.8 89.2 291.7 53.4 88.1 141.5 49.7 54.1 0 0 0 60.2 0 0 0 115
Cash at End 1,457 1,928 1,792 2,171 856 1,231 1,543 1,669 2,274 2,436 2,870 4,507 5,491 6,037 7,107 7,089 6,452 8,976 7,329 7,218 9,816 9,692 8,191 6,896 1,368 530 1,170 1,215 665 982 526 1,053 453 395 489 597 437 603 462 519 1,139 721 321 443 563 1,070 988.0 1,381.0 732.9 666.7 1,300.4 1,297.1 1,161.6 1,421.3 1,155.2 666.6 189.3 141.1 295.6 552.8 521.8 484.2 382.6 574.3 137.3 125.1 120.6 114.1 140.0 215.4 93.6 88.9 111.6 85.8 89.2 291.7 53.4 88.1 141.5 49.7 (41.2) 1.8 53.2 40.3 12.5 21.9 (38.8) 64.6
Free Cash Flow 697 12 736 1,541 318 319 628 720 (369) 247 997 440 (687) (1,298) (882) (488) (3,942) (855) (1,842) (1,742) (3,277) (3,373) (3,076) (3,062) (410) (919) 818 1,160 (1,013) 147 766 396 490 376 1,012 470 520 378 979 247 508 665 (13) (120) (821) (81.9) (553.4) (6.4) 58.7 (663.4) 33.5 340.9 (228.5) 20.1 343.5 2.5 105.6 (102.9) 149.9 72.2 (124.6) 40.8 382.7 157.8 119.2 177.6 (207.9) (147.5) (170.2) 197.3 220.5 132.3 (302.4) 169.1 58.5 (85.6) (36.9) (95.1) 192 43.3 (119.3) (133.1) 160.3 34.4 (373.3) 99 133.8 (92.5)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 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 1999 Q4
Income Statement
Revenue 6,165 6,330 8,153 6,328 5,810 5,938 7,896 5,781 5,407 5,396 6,854 4,911 4,433 3,839 4,306 2,401 1,623 1,287 546 49 26 33 31 740 4,790 4,781 6,533 4,837 4,673 4,456 5,836 4,357 4,232 4,259 5,515 3,945 3,791 3,935 5,097 3,705 3,711 4,883 3,590 3,531 3,719 4,947 3,633 3,585 3,658 4,726 3,479 3,593 3,578 4,684 3,538 3,582 3,697 5,058 3,620 3,419 3,753 4,527 3,267 3,178 3,206 4,139 2,948 2,864 3,302 4,814 3,378 3,152 3,124 4,321 2,900 2,688 2,810 3,905 2,662 2,463 2,567 3,607 2,516 2,396 2,242 3,250 2,253 1,981 1,816.7 1,342 1,035.7 989.2 959.1 1,079.1 1,007.6 850.3 1,228.2 875.1 824.9 783.9
Gross Profit 2,226 1,693 3,768 2,442 2,044 2,105 3,593 1,983 1,702 1,767 2,933 1,454 1,122 174 927 (282) (407) (536) (1,070) (632) (509) (656) (1,518) (1,744) 1,267 1,705 3,001 1,678 1,531 1,715 2,878 1,676 1,523 1,642 2,502 1,509 1,356 1,616 2,534 1,447 1,493 2,393 1,186 1,196 1,222 2,187 1,061 993 1,037 1,809 992 994 1,027 2,087 1,060 888 1,128 2,244 1,099 1,024 (3,360) 2,138 1,102 996 1,063 3,348 1,063 1,014 1,170 2,180 1,219 1,038 1,139 2,132 1,137 997 1,130 1,930 1,042 947 1,034 1,847 1,028 973 901 1,676 927 764 725.8 515 457.6 455.7 (1,465.6) 477.8 407.5 (1,203.7) 613.5 378.0 813.4 349.5
Operating Income 607 734 2,271 934 543 561 2,178 560 276 384 1,624 120 (172) (1,135) (279) (1,473) (1,491) (1,893) (2,057) (1,616) (1,524) (1,642) (2,333) (4,177) (713) 485 1,890 515 386 553 1,794 559 419 548 1,393 500 368 597 1,562 478 510 1,510 289 266 267 1,292 147 67 103 951 152 145 176 1,295 253 (82) 308 1,433 279 235 341 1,402 349 255 294 1,196 353 311 450 1,485 482 312 423 1,490 459 353 476 1,340 448 349 448 1,321 462 418 347 1,160 405 260 274.1 168 187.4 220.4 119.5 207.9 138.9 208.6 420.5 194.4 159.5 1,593.0
Net Income 258 422 1,852 565 (78) 303 1,735 92 (214) (48) 1,074 (407) (693) (1,598) (770) (1,834) (1,891) (2,620) (2,836) (2,072) (1,973) (2,222) (2,858) (4,374) (781) 423 1,780 451 336 493 1,707 561 391 546 1,329 379 352 608 1,424 605 270 1,216 222 49 (102) 1,241 98 (20) 66 934 41 37 93 1,330 14 (139) 217 1,337 206 152 248 1,303 252 175 193 1,073 264 260 371 1,333 390 236 358 1,377 390 283 416 1,232 380 251 353 1,181 388 345 293 1,025 332 203 205.1 128 191.3 194.2 116.3 187.0 128.0 193.8 396.2 204.0 171.5 251.0
EPS (Diluted) 0.19 0.31 1.33 0.42 -0.06 0.17 1.26 0.07 -0.17 -0.04 0.79 -0.32 -0.55 -1.27 -0.65 -1.61 -1.66 -2.31 -2.50 -1.83 -1.80 -2.87 -3.69 -6.07 -1.14 0.61 2.58 0.65 0.48 0.71 2.41 0.78 0.54 0.76 1.83 0.52 0.48 0.83 1.93 0.80 0.35 1.56 0.29 0.06 -0.13 1.60 0.13 -0.03 0.09 1.20 0.05 0.05 0.12 1.71 0.02 -0.18 0.28 1.69 0.26 0.19 0.31 1.62 0.32 0.22 0.24 1.33 0.33 0.33 0.45 1.65 0.49 0.30 0.43 1.67 0.48 0.35 0.51 1.49 0.46 0.31 0.42 1.40 0.47 0.42 0.35 1.22 0.40 0.25 0.28 0.19 0.32 0.33 0.20 0.32 0.22 0.32 0.67 0.34 0.28 0.41
Balance Sheet
Cash & Equivalents 1,424 1,928 1,763 2,146 833 1,210 1,522 1,646 2,242 2,415 2,842 4,468 5,455 4,029 7,071 7,054 6,414 8,939 7,151 7,067 9,674 9,513 8,176 6,881 1,354 518 1,153 1,202 649 982 526 1,053 453 395 489 597 437 603 462 519 594 753 538 485 607 1,412 443 563 1,070 1,381.0 732.9 667 1,300.4 1,155.2 666.6 133.1 189.3 141.1 295.6 552.8 521.8 484.2 382.6 574.3 137.3 125.1 120.6 114.1 140.0 215.4 93.6 88.9 111.6 85.8 89.2 291.7 53.4 88.1 141.5 49.7 54.1 95.4 93.6 40.4 60.2 47.8 25.8 64.6
Total Assets 51,567 51,687 50,831 51,165 48,535 49,057 49,805 49,603 49,761 49,120 49,756 51,873 51,985 51,703 51,917 52,988 53,281 53,344 53,514 55,064 57,226 53,593 50,818 49,817 46,943 45,058 44,001 44,512 43,930 42,401 41,753 42,184 41,441 40,778 40,643 40,451 38,703 38,936 39,332 39,851 36,029 36,732 36,835 35,545 32,836 33,188 26,403 25,506 24,491 23,363.5 12,493.1 12,334.8 12,196.7 11,275.8 11,304.9 10,285.3 9,831.3 8,592.2 8,342.2 8,332.7 8,286.4 8,227.6 7,999.3 7,830.5 7,179.3 6,792.3 6,711.8 5,719.7 5,426.8 5,241.8 5,070.3 5,087 5,101.9 4,703.1 4,776.6 4,543 4,105.5 4,034.9 3,798.6 3,704 3,669.8 3,553.4 3,319.1 3,262.1 3,218.9 2,802.2 2,881.7 2,803.1
Total Debt 26,607 27,993 27,860 28,648 28,391 28,876 30,273 30,653 32,015 31,891 32,629 35,079 36,440 35,881 35,285 36,394 36,229 34,607 32,644 32,234 32,729 28,380 26,342 22,250 14,418 11,502 10,738 11,174 11,586 10,323 9,617 9,857 9,559 9,195 9,170 9,418 9,092 9,399 9,393 9,429 9,760 10,645 10,047 10,279 9,515 7,412 7,980 7,827 7,404 7,054.1 3,310.4 3,169 3,070.2 2,660.3 2,834.5 2,360.6 2,347.2 1,482.5 1,079.9 1,073.5 1,074.3 1,218.2 1,274.7 1,422.3 2,269.0 1,447.3 1,615.5 1,240.7 1,074.9 988.6 999.2 1,182.6 1,383.0 1,132 1,426.5 1,552.2 1,222.8 1,144.6 1,075.5 1,215.6 1,246.5 1,145.3 987.3 1,082.9 1,122.8 752 901.1 952.3
Stockholders' Equity 13,031 12,284 11,928 10,008 9,183 9,252 8,597 6,814 6,682 6,882 6,960 5,864 6,169 7,064 8,379 8,260 10,311 12,145 14,863 17,877 19,814 20,555 19,503 20,839 24,290 25,365 25,295 24,108 24,242 24,443 24,654 23,933 24,382 24,216 24,172 22,964 22,660 22,597 22,900 22,791 20,864 21,419 22,035 20,385 19,154 19,708 14,397 14,182 13,793 12,993.6 7,537.0 7,417.9 7,291.7 6,546.4 6,053.8 5,942.6 5,870.6 5,769.2 5,815.6 6,025.6 5,931.2 5,594.3 5,242.5 5,113.9 4,285.5 4,104.4 3,791.9 3,677.2 3,605.1 3,495.2 3,230.3 3,149.3 3,030.9 2,937.2 2,624.3 2,396.3 2,344.9 2,283.9 2,094.2 1,977.8 1,928.9 1,882.8 1,732.3 1,673.8 1,627.2 1,596.4 1,462.8 1,416.9
Cash Flow
Operating Cash Flow 1,263 1,518 1,383 2,392 925 911 1,205 2,039 1,769 922 1,834 1,137 388 (117) (344) 3 (1,212) (368) (879) (1,359) (1,503) (1,652) (2,845) (2,720) 916 1,062 1,245 2,053 1,116 1,113 1,349 2,023 1,064 1,024 1,449 1,917 932 1,024 1,429 1,883 1,031 1,218 543 1,165 542 537.6 730.6 494.0 170.8 300.6 461.6 491.9 214.9 133.4 465.3 473.2 277.9 387.1 449.3 165.3 263.2 413.1 444.6 208.8 213.9 285 378.7 214.2 168.6 272.1 242.3 194.6 85.3 227 261.3 167.9 64.6 211.4 213.9 97.3 69.9 177.5 174.6 115.1 88.5 131.4 151.2 108.7
Capital Expenditure (566) (1,506) (647) (851) (607) (592) (577) (1,319) (2,138) (675) (837) (697) (1,075) (1,181) (538) (491) (2,730) (487) (963) (383) (1,774) (1,721) (231) (342) (1,326) (1,981) (427) (893) (2,129) (966) (583) (1,627) (574) (648) (437) (1,447) (412) (646) (450) (1,636) (523) (553) (556) (1,285) (1,363) (619.5) (1,283.9) (500.4) (112.1) (964.0) (428.1) (151.0) (443.4) (113.2) (121.8) (470.7) (172.2) (490.0) (299.4) (93.0) (387.8) (372.3) (61.9) (51) (94.7) (107.4) (586.6) (361.7) (338.8) (74.8) (21.8) (62.3) (387.7) (57.9) (202.8) (253.5) (101.5) (306.5) (21.9) (54) (189.2) (310.6) (14.3) (80.7) (461.8) (32.4) (17.4) (201.2)
Free Cash Flow 697 12 736 1,541 318 319 628 720 (369) 247 997 440 (687) (1,298) (882) (488) (3,942) (855) (1,842) (1,742) (3,277) (3,373) (3,076) (3,062) (410) (919) 818 1,160 (1,013) 147 766 396 490 376 1,012 470 520 378 979 247 508 665 (13) (120) (821) (81.9) (553.4) (6.4) 58.7 (663.4) 33.5 340.9 (228.5) 20.1 343.5 2.5 105.6 (102.9) 149.9 72.2 (124.6) 40.8 382.7 157.8 119.2 177.6 (207.9) (147.5) (170.2) 197.3 220.5 132.3 (302.4) 169.1 58.5 (85.6) (36.9) (95.1) 192 43.3 (119.3) (133.1) 160.3 34.4 (373.3) 99 133.8 (92.5)