CDNS - Cadence Design Systems, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$370.83
DETAILS
HIGH:
$425.00
LOW:
$275.00
MEDIAN:
$380.00
CONSENSUS:
$370.83
DOWNSIDE:
0.74%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 5,296.8 | 4,641.3 | 4,090.0 | 3,561.7 | 2,988.2 | 2,682.9 | 2,336.3 | 2,138.0 | 1,943.0 | 1,816.1 | 1,702.1 | 1,580.9 | 1,460.1 | 1,326.4 | 1,149.8 | 936.0 | 852.6 | 1,038.6 | 1,615.0 | 1,483.9 | 1,329.2 | 1,197.5 | 1,119.5 | 1,293.1 | 1,430.4 | 1,279.5 | 1,093.3 | 1,216.1 | 915.9 | 741.5 | 548.4 | 429.1 | 368.6 |
| Cost of Revenue | 722.2 | 647.5 | 435.0 | 371.6 | 307.0 | 305.5 | 266.4 | 258.7 | 237.4 | 256.5 | 238.5 | 223.7 | 200.2 | 191.1 | 195.2 | 156.4 | 169.2 | 209.5 | 214.5 | 227.1 | 228.8 | 226.1 | 216.6 | 250.0 | 354.9 | 368.9 | 324.8 | 280.7 | 183.1 | 153.5 | 116.5 | 94.6 | 45.4 |
| Gross Profit | 4,574.5 | 3,993.8 | 3,654.9 | 3,190.1 | 2,681.2 | 2,377.4 | 2,070.0 | 1,879.3 | 1,705.6 | 1,559.6 | 1,463.6 | 1,357.2 | 1,259.9 | 1,135.3 | 954.7 | 779.5 | 683.4 | 829.1 | 1,400.5 | 1,256.8 | 1,100.4 | 971.4 | 902.8 | 1,043.0 | 1,075.6 | 910.7 | 768.5 | 935.4 | 732.8 | 588.0 | 431.9 | 334.5 | 323.2 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 1,768.8 | 1,549.1 | 1,441.8 | 1,251.5 | 1,134.3 | 1,033.7 | 935.9 | 884.8 | 804.2 | 735.3 | 637.6 | 603.0 | 534.0 | 454.1 | 400.7 | 376.4 | 354.7 | 457.9 | 494.0 | 460.1 | 370.1 | 351.3 | 340.1 | 326.4 | 297.3 | 263.9 | 219.2 | 179.4 | 140.4 | 115.3 | 88.6 | 72.6 | 0 |
| SG&A Expenses | 1,116.0 | 1,031.4 | 932.7 | 846.3 | 749.3 | 670.9 | 621.5 | 573.1 | 553.3 | 520.3 | 512.4 | 513.3 | 499.5 | 454.4 | 416.7 | 392.0 | 409.5 | 510.4 | 576.1 | 548.9 | 518.9 | 409.4 | 409.1 | 515.4 | 508.2 | 484.6 | 440.9 | 369.8 | 314.4 | 280.9 | 225.5 | 203.1 | 281.5 |
| Other Expenses | 39.9 | 54.1 | 29.2 | 18.5 | 18.6 | 27.2 | 12.1 | 25.2 | 16.8 | 15.9 | 10.5 | 8.5 | 7.6 | 11.3 | 16.5 | 14.2 | 11.4 | 22.7 | 19.4 | 23.1 | 47.8 | 87.1 | 96.7 | (107.8) | 110.2 | 98.7 | 121.1 | 281.0 | 44.1 | 100.5 | 0 | 0 | 44 |
| Operating Expenses | 2,924.7 | 2,643.0 | 2,403.7 | 2,116.4 | 1,902.1 | 1,731.8 | 1,569.5 | 1,483.1 | 1,372.3 | 1,273.7 | 1,173.7 | 1,140.3 | 1,052.9 | 923.5 | 833.9 | 782.5 | 775.6 | 1,038.8 | 1,089.6 | 1,032.1 | 936.8 | 847.7 | 846.0 | 734.0 | 915.8 | 847.3 | 781.2 | 830.2 | 498.8 | 496.7 | 314.0 | 275.7 | 325.5 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 1,649.8 | 1,350.8 | 1,251.2 | 1,073.7 | 779.1 | 645.6 | 491.8 | 396.2 | 324.0 | 244.9 | 285.4 | 206.6 | 189.0 | 211.7 | 120.4 | (13.2) | (123.6) | (1,573.3) | 317.9 | 224.6 | 118.8 | 101.2 | (10.0) | 174.8 | 240.5 | 63.4 | (12.8) | 105.2 | 234.0 | 91.3 | 117.9 | 58.8 | (2.3) |
| Interest Expense | 116.5 | 76.0 | 36.2 | 22.9 | 17.0 | 20.7 | 18.8 | 23.1 | 25.7 | 23.7 | 28.3 | 34.1 | 37.6 | 34.7 | 43.0 | 36.3 | 28.9 | 11.6 | 12.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 101.6 | 62.5 | 29.6 | 10.1 | 2.6 | 3.8 | 9.5 | 8.1 | 3.9 | 2.9 | 2.7 | 1.8 | 1.7 | 1.5 | 1.3 | 1.2 | 2.6 | 20.4 | 48.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 1,872.4 | 1,666.8 | 1,463.9 | 1,203.7 | 916.1 | 803.6 | 620.6 | 526.0 | 448.9 | 406.5 | 408.8 | 332.5 | 305.3 | 312.2 | 230.1 | 61.9 | (31.5) | (1,461.4) | 507.1 | 401.3 | 377.9 | 365.4 | 289.6 | 542.8 | 532.5 | 270.2 | 210.4 | 462.2 | 337.4 | 252 | 163.9 | 103.0 | 41.7 |
| EBIT | 1,638.6 | 1,471.8 | 1,318.1 | 1,068.3 | 785.4 | 653.5 | 497.8 | 407.3 | 333.4 | 287.0 | 290.6 | 216.9 | 207.0 | 223.0 | 138.5 | (26.4) | (124.6) | (1,590.1) | 376.4 | 224.7 | 163.6 | 123.7 | 56.9 | 294.9 | 302.1 | 63.4 | 46.5 | 353.1 | 271.8 | 198.8 | 117.9 | 58.8 | (2.3) |
| Income Before Tax | 1,522.0 | 1,395.8 | 1,281.9 | 1,045.4 | 768.4 | 632.7 | 479.0 | 376.4 | 315.0 | 237.2 | 267.6 | 181.0 | 159.0 | 188.3 | 95.4 | (47.0) | (153.5) | (1,601.7) | 364.1 | 241.9 | 128.5 | 86.4 | (30.6) | 158.0 | 242.1 | 68.0 | (11.4) | 112.7 | 234.0 | 90.5 | 135.1 | 48.9 | 0 |
| Income Tax Expense | 413.2 | 340.3 | 240.8 | 196.4 | 72.5 | 42.1 | (510.0) | 30.6 | 110.9 | 34.1 | 15.2 | 22.1 | (5.2) | (251.7) | 23.2 | (189.3) | (3.6) | 252.3 | 67.8 | 99.7 | 79.1 | 12.0 | (13.0) | 86.0 | 100.9 | 18.0 | 2.7 | 80.7 | 77.9 | 61.4 | 37.8 | 12.2 | 10.5 |
| Net Income | 1,108.9 | 1,055.5 | 1,041.1 | 849.0 | 696.0 | 590.6 | 989.0 | 345.8 | 204.1 | 203.1 | 252.4 | 158.9 | 164.2 | 439.9 | 72.2 | 142.3 | (149.9) | (1,854.0) | 296.3 | 142.6 | 49.3 | 74.5 | (17.6) | 71.9 | 141.3 | 50.0 | (14.1) | 32.0 | 169.5 | 29.0 | 97.3 | 36.6 | (12.8) |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 4.09 | 3.89 | 3.86 | 3.13 | 2.54 | 2.16 | 3.62 | 1.26 | 0.75 | 0.71 | 0.88 | 0.56 | 0.59 | 1.63 | 0.27 | 0.55 | -0.58 | -7.29 | 1.09 | 0.51 | 0.18 | 0.27 | -0.07 | 0.23 | 0.57 | 0.20 | -0.06 | 0.11 | 0.75 | 0.32 | 1.57 | 0.85 | -0.16 |
| EPS (Diluted) | 4.06 | 3.85 | 3.82 | 3.09 | 2.50 | 2.11 | 3.53 | 1.23 | 0.73 | 0.70 | 0.81 | 0.52 | 0.56 | 1.57 | 0.27 | 0.54 | -0.58 | -7.29 | 1.01 | 0.46 | 0.16 | 0.25 | -0.07 | 0.23 | 0.55 | 0.19 | -0.06 | 0.10 | 0.71 | 0.16 | 1.57 | 0.85 | -0.16 |
| Shares Outstanding | 271.3 | 271.2 | 269.4 | 271.2 | 273.5 | 273.7 | 273.2 | 273.7 | 272.1 | 284.5 | 288.0 | 283.3 | 277.8 | 270.5 | 263.9 | 260.8 | 257.8 | 254.3 | 271.5 | 279.4 | 278.5 | 271.3 | 266.8 | 259.9 | 246.9 | 244.6 | 235 | 234.6 | 220.1 | 90.9 | 62.0 | 43.0 | 78.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 3,001.3 | 2,644.0 | 1,008.2 | 882.3 | 1,088.9 | 928.4 | 705.2 | 533.3 | 688.1 | 465.2 | 569.1 | 568.3 | 448.5 | 384.5 | 371.3 | 206.3 | 85.2 | 111.4 | 183.1 | 207.0 | 284.5 | 84.9 | 75.0 | 61.4 |
| Short-Term Investments | 0 | 140.6 | 130.4 | 4.5 | 0 | 0 | 0 | 0 | 4.5 | 3.1 | 2.2 | 3.8 | 144.5 | 33.9 | 24.3 | 68.5 | 51.7 | 7.4 | 26.7 | 97.2 | 1.0 | 11.8 | 21.9 | 0 |
| Net Receivables | 944.9 | 680.5 | 489.2 | 486.7 | 344.4 | 348.2 | 304.5 | 297.1 | 190.4 | 157.2 | 200.6 | 298.7 | 384.1 | 348.7 | 314.0 | 258.4 | 289.5 | 248.0 | 305.1 | 205 | 148.4 | 88.5 | 78.6 | 101.9 |
| Inventory | 303.5 | 257.7 | 181.7 | 128.0 | 115.7 | 76.0 | 55.8 | 28.2 | 33.2 | 39.5 | 24.2 | 28.5 | 20.5 | 16.9 | 9.6 | 18.2 | 20.1 | 19.9 | 0.1 | (0.1) | 8.1 | 8.2 | 5.1 | 5.7 |
| Other Current Assets | 419.9 | 0 | 0 | 135.7 | 81.4 | 126.0 | 0 | 0 | 0 | 0 | 0 | 15.1 | 0 | 0 | 0 | 0 | 0 | 0 | 49.7 | 97.3 | 1.1 | 0 | 0 | 49.5 |
| Total Current Assets | 4,669.7 | 4,016.1 | 1,976.2 | 1,706.8 | 1,715.8 | 1,478.6 | 1,169.3 | 951.1 | 980.0 | 702.0 | 850.7 | 954.0 | 1,069.9 | 842.2 | 758.6 | 634.9 | 556.8 | 479.9 | 666.2 | 609.1 | 491.1 | 206.9 | 191.9 | 218.5 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 517.0 | 604.4 | 554.0 | 541.8 | 436.0 | 444.5 | 376.2 | 252.6 | 251.3 | 238.6 | 311.5 | 352.0 | 390.4 | 403.8 | 434.5 | 417.2 | 368.9 | 330.4 | 262.7 | 197.4 | 160.9 | 124.1 | 122.1 | 61.5 |
| Goodwill | 2,749.1 | 2,378.7 | 1,535.8 | 1,374.3 | 928.4 | 782.1 | 661.9 | 662.3 | 666.0 | 572.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 718.2 | 594.7 | 336.8 | 354.6 | 233.3 | 210.6 | 172.4 | 225.5 | 278.8 | 258.8 | 28.8 | 49.1 | 1,190.7 | 1,160.3 | 883.3 | 413.6 | 326.5 | 402.2 | 282.5 | 10.1 | 10.3 | 8.3 | 10.6 | 12.8 |
| Long-Term Investments | 0 | 124.1 | 138.3 | 120.0 | 127.5 | 132.2 | 138.2 | 118.7 | 3.0 | 0 | 15.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 581.4 | 274.5 | 248.3 | 185.9 | 181.6 | 170.5 | 106.9 | 103.6 | 87.0 | 68.1 | 111.0 | 249.9 | 338.8 | 411.5 | 352.9 | 264.3 | 225.1 | 247.2 | 255.4 | 207.3 | 54.7 | 34.7 | 36.5 | 46.5 |
| Total Non-Current Assets | 5,483.5 | 4,958.4 | 3,693.3 | 3,430.3 | 2,670.5 | 2,472.2 | 2,187.9 | 1,517.6 | 1,438.7 | 1,394.9 | 559.8 | 724.2 | 1,919.9 | 1,975.7 | 1,679.6 | 1,095.1 | 920.5 | 979.7 | 826.2 | 414.8 | 225.9 | 167.1 | 169.1 | 120.8 |
| Total Assets | 10,153.1 | 8,974.5 | 5,669.5 | 5,137.1 | 4,386.3 | 3,950.8 | 3,357.2 | 2,468.7 | 2,418.7 | 2,096.9 | 1,410.6 | 1,678.7 | 2,989.8 | 2,817.9 | 2,438.3 | 1,730.0 | 1,477.3 | 1,459.7 | 1,406.0 | 1,023.9 | 717.0 | 374.0 | 361.0 | 339.3 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 856.9 | 5.6 | 91.2 | 47.1 | 0 | 0 | 0 | 5.5 | 4.8 | 4.4 | 7.2 | 33.2 | 278.0 | 243.1 | 295.0 | 259.0 | 273.6 | 265.5 | 242.5 | 156.4 | 116.2 | 17.6 | 12.5 | 13.5 |
| Short-Term Debt | 0 | 0 | 349.3 | 100 | 0 | 0 | 0 | 100 | 85 | 50 | 0 | 0 | 0 | 0.4 | 1.6 | 1.4 | 2.2 | 3.9 | 1.3 | 0.8 | 3.3 | 1.5 | 26.4 | 4 |
| Deferred Revenue | 778.4 | 737.4 | 665.0 | 745.1 | 618.1 | 474.7 | 355.5 | 352.5 | 336.3 | 296.1 | 247.7 | 303.1 | 271.0 | 238.5 | 207.7 | 212.0 | 215.8 | 0 | 96.3 | 106.4 | 107.2 | 92.4 | 61.2 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5.5) | 0 | 0 | 74.0 | 0 | 0 | 0 | 0 | 0 | 0 | 152.1 | 31.7 | 5.2 | 4.9 | 14.5 | 7.9 | 96 |
| Total Current Liabilities | 1,635.3 | 1,370.1 | 1,590.9 | 1,347.7 | 971.2 | 796.8 | 672.4 | 709.0 | 642.4 | 585.6 | 397.9 | 564.2 | 549.0 | 481.9 | 511.9 | 472.4 | 491.6 | 421.6 | 327.9 | 268.8 | 231.6 | 200.4 | 164.4 | 113.5 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 2,480.2 | 2,476.2 | 299.8 | 648.1 | 347.6 | 346.8 | 346.0 | 345.3 | 644.4 | 643.5 | 436.0 | 416.6 | 420 | 420 | 52 | 0 | 3.3 | 25.0 | 136.4 | 1.6 | 20.3 | 1.6 | 2.1 | 4 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58.9 | 0 | 0 | 7.3 | 0.9 | 2.2 |
| Other Non-Current Liabilities | 407.5 | 230.6 | 160.3 | 165.3 | 118.5 | 93.2 | 77.7 | 77.3 | 81.2 | 59.3 | 376.0 | 382.0 | 320.9 | 343.6 | 225.6 | 134.8 | 61.4 | 26.9 | (33.4) | 26.3 | 22.4 | 18.4 | 17.5 | 13.5 |
| Total Non-Current Liabilities | 3,043.7 | 2,930.8 | 674.4 | 1,044.3 | 674.4 | 661.0 | 581.9 | 471.3 | 787.1 | 769.6 | 904.3 | 928.9 | 740.9 | 763.7 | 278.3 | 136.3 | 64.7 | 52.0 | 161.9 | 27.9 | 42.7 | 27.4 | 20.5 | 19.7 |
| Total Liabilities | 4,679.0 | 4,300.9 | 2,265.2 | 2,392.0 | 1,645.6 | 1,457.8 | 1,254.3 | 1,180.3 | 1,429.5 | 1,355.1 | 1,302.2 | 1,576.7 | 1,289.9 | 1,245.6 | 779.0 | 608.7 | 556.2 | 473.5 | 548.1 | 296.6 | 274.2 | 227.8 | 185.0 | 133.2 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 0 | 4,181.7 | 3,167.0 | 2,765.7 | 2,467.7 | 2,217.9 | 2,046.2 | 1,936.1 | 1,830.0 | 1,820.1 | 1,674.4 | 1,659.3 | 1,091.2 | 1,034.2 | 1,103.2 | 628.7 | 847.1 | 858.0 | 818 | 502.6 | 603.4 | 299.5 | 0.5 | 0 |
| Retained Earnings | 0 | 5,991.9 | 4,936.4 | 3,895.2 | 3,046.3 | 2,350.3 | 1,761.7 | 772.7 | 341.0 | 136.9 | (1,178.0) | (814.7) | 640.8 | 566.4 | 583.9 | 535.5 | 394.2 | 344.2 | 358.3 | 328.9 | 151.6 | 124.5 | 43.4 | 8.5 |
| Accumulated Other Comprehensive Income | 0 | (190.4) | (94.8) | (91.6) | (33.3) | (17.4) | (36.9) | (24.8) | (3.6) | (25.2) | 43.3 | 37.2 | (32.1) | (28.3) | (48.5) | (42.9) | (75.6) | 24.7 | (9.3) | (7.2) | (1.8) | 0.9 | 1.2 | (83.4) |
| Total Stockholders' Equity | 5,474.2 | 4,673.6 | 3,404.3 | 2,745.1 | 2,740.7 | 2,493.0 | 2,102.9 | 1,288.4 | 989.2 | 741.8 | 108.4 | 186.7 | 1,700.0 | 1,572.3 | 1,644.0 | 1,121.3 | 909.5 | 986.1 | 947.8 | 727.1 | 427.5 | 134.1 | 176.1 | 206.1 |
| Total Liabilities & Equity | 10,153.1 | 8,974.5 | 5,669.5 | 5,137.1 | 4,386.3 | 3,950.8 | 3,357.2 | 2,468.7 | 2,418.7 | 2,096.9 | 1,410.6 | 1,678.7 | 2,989.8 | 2,817.9 | 2,438.3 | 1,730.0 | 1,477.3 | 1,459.7 | 1,406.0 | 1,023.9 | 717.0 | 374.0 | 361.0 | 339.3 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 2,480.2 | 2,585.1 | 764.4 | 887.4 | 454.7 | 460.7 | 430.8 | 445.3 | 729.4 | 693.5 | 436.0 | 416.6 | 420 | 420.4 | 54.3 | 2.9 | 5.5 | 28.9 | 137.7 | 2.4 | 23.6 | 3.1 | 28.5 | 8 |
| Net Debt | (521.2) | (59.0) | (243.7) | 5.1 | (634.2) | (467.7) | (274.4) | (88.0) | 41.3 | 228.3 | (133.1) | (151.7) | (28.5) | 35.9 | (317.1) | (203.4) | (79.7) | (82.5) | (45.4) | (204.6) | (260.9) | (81.8) | (46.5) | (53.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 1,108.9 | 1,055.5 | 1,041.1 | 849.0 | 696.0 | 590.6 | 989.0 | 345.8 | 204.1 | 203.1 | 49.3 | 74.5 | (17.6) | 71.9 | 141.3 | 50.0 | (14.1) | 32.0 | 169.5 | 29.0 | 97.3 | 36.6 | (12.8) |
| Depreciation & Amortization | 233.8 | 195.0 | 140.4 | 135.4 | 130.7 | 150.1 | 123.4 | 118.7 | 115.5 | 119.6 | 184.7 | 210.6 | 232.7 | 242.5 | 230.4 | 206.8 | 163.9 | 102.4 | 56.6 | 51.7 | 46.0 | 44.3 | 44 |
| Stock-Based Compensation | 455.2 | 391.2 | 325.6 | 270.4 | 210.1 | 197.3 | 181.5 | 167.7 | 130.0 | 109.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (73.3) | (209.0) | (98.8) | 87.5 | 105.8 | (15.4) | 6.3 | (22.0) | (51.3) | 18.4 | (49.4) | 36.3 | (55.7) | (54.1) | (228.0) | (74.9) | (84.0) | (135.9) | 10.4 | (0.5) | 55.8 | 61.7 | 45.6 |
| Other Non-Cash Items | (61.9) | (172.2) | (22.7) | 7.1 | 1.6 | 8.4 | 6.2 | 6.2 | (7.6) | (0.6) | 264.6 | 66.8 | 71.6 | 94.3 | 120.3 | (10.7) | 62.9 | 234.8 | 49.3 | 110.9 | (7.6) | 13.2 | 18.7 |
| Operating Cash Flow | 1,728.8 | 1,260.6 | 1,349.2 | 1,241.9 | 1,101.0 | 904.9 | 729.6 | 604.8 | 470.7 | 444.9 | 426.3 | 372.5 | 171.0 | 350.2 | 250.9 | 142.1 | 127.2 | 246.1 | 198.4 | 175.3 | 197.1 | 154.4 | 90.7 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (141.9) | (142.5) | (102.5) | (124.2) | (66.9) | (94.8) | (74.6) | (61.5) | (57.9) | (53.7) | (71.7) | (61.8) | (82.9) | (127.7) | (154.3) | (119.5) | (110.4) | (114.4) | (92.4) | (62.1) | (28.3) | (15.2) | (19.3) |
| Acquisitions | (429.5) | (737.6) | (198.4) | (613.8) | (226.2) | (197.6) | (0.3) | 0 | (143.2) | (41.6) | (297.1) | (115.2) | (182.2) | (43.4) | 5.2 | (4.5) | (133.1) | (352.3) | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (40.9) | (5.0) | (176.2) | (1) | 1.6 | 197.3 | (33.7) | (115.8) | 0 | (20.5) | (181.0) | (549.8) | 9.1 | (10.1) | (194.8) | (49.6) | 0 | (527.4) | (261.4) | (7.9) | (33.2) | (60.2) | (20.5) |
| Sales/Maturities of Investments | 140.3 | 48.0 | 64.8 | 0.4 | 0.1 | 0.2 | 3.0 | 3.5 | 9.9 | 116.3 | 310.2 | 535.1 | 3.3 | 49.4 | 124.7 | 7.3 | 52.3 | 597.9 | 165.2 | 0 | 43.3 | 69.8 | 0 |
| Other Investing Activities | 11.5 | 0 | (0.2) | 0 | (1.6) | (197.3) | 0 | 0 | 0 | 0.9 | 16.8 | (23.3) | (73.3) | (6.8) | 57.9 | (59.7) | (63.4) | (120.3) | (6.5) | (15.8) | 12.6 | (26.1) | (18.6) |
| Investing Cash Flow | (460.5) | (837.1) | (412.2) | (738.6) | (293.0) | (292.2) | (105.7) | (173.8) | (191.2) | 1.4 | (222.7) | (215.0) | (326.0) | (138.6) | (161.3) | (226.0) | (254.5) | (516.6) | (195.1) | (85.7) | (5.6) | (31.8) | (58.4) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 0 | 1,846.6 | (100) | 300 | 0 | 0 | (100) | (288.9) | 38.9 | 300 | 159.9 | (0.4) | 366.1 | 50.5 | (2.3) | (23.7) | (111.2) | 132.2 | (25.2) | 17.1 | (26.5) | (29.2) | (8.1) |
| Stock Repurchased | (925.0) | (787.8) | (836.5) | (1,162.0) | (730.3) | (490.1) | (396.7) | (320.0) | (157.2) | (960.3) | (101.1) | (94.1) | (213.8) | (181.8) | (299.0) | (233.0) | (115.8) | (170.8) | (105.1) | (128.5) | (181.1) | (105.4) | (52.2) |
| 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 |
| Other Financing Activities | (169.8) | (23.8) | 0 | 204.9 | (1.3) | 0 | (90.6) | (69.9) | (0.8) | 104.8 | 0 | (1.9) | (146.1) | 0 | (1.4) | 202.5 | 167.6 | 211.9 | (0.1) | (0.1) | 0 | 0 | 0 |
| Financing Cash Flow | (949.0) | 1,239.2 | (803.6) | (657.0) | (643.8) | (415.3) | (443.9) | (567.9) | (70.1) | (592.7) | 205.3 | (21.1) | 149.2 | (54.1) | 32.9 | 63.2 | 31.8 | 248.7 | (73.7) | 115.3 | (181.2) | (110.8) | (49.5) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 357.3 | 1,635.9 | 125.8 | (206.6) | 160.5 | 223.2 | 171.9 | (154.8) | 222.9 | (151.5) | 412.8 | 139.3 | 13.2 | 165.0 | 121.1 | (26.2) | (97.7) | (24.0) | (77.5) | 199.6 | 9.9 | 13.6 | (17.6) |
| Cash at Beginning | 2,644.0 | 1,008.2 | 882.3 | 1,088.9 | 928.4 | 705.2 | 533.3 | 688.1 | 465.2 | 616.7 | 448.5 | 309.2 | 371.3 | 206.3 | 85.2 | 111.4 | 209.1 | 207.0 | 284.5 | 84.9 | 75.0 | 61.4 | 79 |
| Cash at End | 3,001.3 | 2,644.0 | 1,008.2 | 882.3 | 1,088.9 | 928.4 | 705.2 | 533.3 | 688.1 | 465.2 | 861.3 | 448.5 | 384.5 | 371.3 | 206.3 | 85.2 | 111.4 | 183.1 | 207.0 | 284.5 | 84.9 | 75.0 | 61.4 |
| Free Cash Flow | 1,586.9 | 1,118.0 | 1,246.7 | 1,117.7 | 1,034.1 | 810.1 | 655.0 | 543.2 | 412.8 | 391.2 | 354.6 | 310.7 | 88.1 | 222.5 | 96.6 | 22.6 | 16.8 | 131.6 | 105.9 | 113.2 | 168.8 | 139.2 | 71.4 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 5,296.8 | 4,641.3 | 4,090.0 | 3,561.7 | 2,988.2 | 2,682.9 | 2,336.3 | 2,138.0 | 1,943.0 | 1,816.1 | 1,702.1 | 1,580.9 | 1,460.1 | 1,326.4 | 1,149.8 | 936.0 | 852.6 | 1,038.6 | 1,615.0 | 1,483.9 | 1,329.2 | 1,197.5 | 1,119.5 | 1,293.1 | 1,430.4 | 1,279.5 | 1,093.3 | 1,216.1 | 915.9 | 741.5 | 548.4 | 429.1 | 368.6 |
| Gross Profit | 4,574.5 | 3,993.8 | 3,654.9 | 3,190.1 | 2,681.2 | 2,377.4 | 2,070.0 | 1,879.3 | 1,705.6 | 1,559.6 | 1,463.6 | 1,357.2 | 1,259.9 | 1,135.3 | 954.7 | 779.5 | 683.4 | 829.1 | 1,400.5 | 1,256.8 | 1,100.4 | 971.4 | 902.8 | 1,043.0 | 1,075.6 | 910.7 | 768.5 | 935.4 | 732.8 | 588.0 | 431.9 | 334.5 | 323.2 |
| Operating Income | 1,649.8 | 1,350.8 | 1,251.2 | 1,073.7 | 779.1 | 645.6 | 491.8 | 396.2 | 324.0 | 244.9 | 285.4 | 206.6 | 189.0 | 211.7 | 120.4 | (13.2) | (123.6) | (1,573.3) | 317.9 | 224.6 | 118.8 | 101.2 | (10.0) | 174.8 | 240.5 | 63.4 | (12.8) | 105.2 | 234.0 | 91.3 | 117.9 | 58.8 | (2.3) |
| Net Income | 1,108.9 | 1,055.5 | 1,041.1 | 849.0 | 696.0 | 590.6 | 989.0 | 345.8 | 204.1 | 203.1 | 252.4 | 158.9 | 164.2 | 439.9 | 72.2 | 142.3 | (149.9) | (1,854.0) | 296.3 | 142.6 | 49.3 | 74.5 | (17.6) | 71.9 | 141.3 | 50.0 | (14.1) | 32.0 | 169.5 | 29.0 | 97.3 | 36.6 | (12.8) |
| EPS (Diluted) | 4.06 | 3.85 | 3.82 | 3.09 | 2.50 | 2.11 | 3.53 | 1.23 | 0.73 | 0.70 | 0.81 | 0.52 | 0.56 | 1.57 | 0.27 | 0.54 | -0.58 | -7.29 | 1.01 | 0.46 | 0.16 | 0.25 | -0.07 | 0.23 | 0.55 | 0.19 | -0.06 | 0.10 | 0.71 | 0.16 | 1.57 | 0.85 | -0.16 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 3,001.3 | 2,644.0 | 1,008.2 | 882.3 | 1,088.9 | 928.4 | 705.2 | 533.3 | 688.1 | 465.2 | 569.1 | 568.3 | 448.5 | 384.5 | 371.3 | 206.3 | 85.2 | 111.4 | 183.1 | 207.0 | 284.5 | 84.9 | 75.0 | 61.4 | |||||||||
| Total Assets | 10,153.1 | 8,974.5 | 5,669.5 | 5,137.1 | 4,386.3 | 3,950.8 | 3,357.2 | 2,468.7 | 2,418.7 | 2,096.9 | 1,410.6 | 1,678.7 | 2,989.8 | 2,817.9 | 2,438.3 | 1,730.0 | 1,477.3 | 1,459.7 | 1,406.0 | 1,023.9 | 717.0 | 374.0 | 361.0 | 339.3 | |||||||||
| Total Debt | 2,480.2 | 2,585.1 | 764.4 | 887.4 | 454.7 | 460.7 | 430.8 | 445.3 | 729.4 | 693.5 | 436.0 | 416.6 | 420 | 420.4 | 54.3 | 2.9 | 5.5 | 28.9 | 137.7 | 2.4 | 23.6 | 3.1 | 28.5 | 8 | |||||||||
| Stockholders' Equity | 5,474.2 | 4,673.6 | 3,404.3 | 2,745.1 | 2,740.7 | 2,493.0 | 2,102.9 | 1,288.4 | 989.2 | 741.8 | 108.4 | 186.7 | 1,700.0 | 1,572.3 | 1,644.0 | 1,121.3 | 909.5 | 986.1 | 947.8 | 727.1 | 427.5 | 134.1 | 176.1 | 206.1 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,728.8 | 1,260.6 | 1,349.2 | 1,241.9 | 1,101.0 | 904.9 | 729.6 | 604.8 | 470.7 | 444.9 | 426.3 | 372.5 | 171.0 | 350.2 | 250.9 | 142.1 | 127.2 | 246.1 | 198.4 | 175.3 | 197.1 | 154.4 | 90.7 | ||||||||||
| Capital Expenditure | (141.9) | (142.5) | (102.5) | (124.2) | (66.9) | (94.8) | (74.6) | (61.5) | (57.9) | (53.7) | (71.7) | (61.8) | (82.9) | (127.7) | (154.3) | (119.5) | (110.4) | (114.4) | (92.4) | (62.1) | (28.3) | (15.2) | (19.3) | ||||||||||
| Free Cash Flow | 1,586.9 | 1,118.0 | 1,246.7 | 1,117.7 | 1,034.1 | 810.1 | 655.0 | 543.2 | 412.8 | 391.2 | 354.6 | 310.7 | 88.1 | 222.5 | 96.6 | 22.6 | 16.8 | 131.6 | 105.9 | 113.2 | 168.8 | 139.2 | 71.4 | ||||||||||