CDW - CDW Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$148.20
DETAILS
HIGH:
$180.00
LOW:
$123.00
MEDIAN:
$147.00
CONSENSUS:
$148.20
UPSIDE:
33.73%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||
| Revenue | 22,424.1 | 20,998.7 | 21,376 | 23,748.7 | 20,820.8 | 18,467.5 | 18,032.4 | 16,240.5 | 14,832.9 | 13,672.7 | 12,988.7 | 12,074.5 | 10,768.6 | 10,128.2 | 9,602.4 | 8,801.2 | 7,162.6 | 8,071.2 | 6,785.5 | 6,291.8 | 5,737.8 | 4,664.6 | 4,264.6 | 3,961.5 | 3,842.5 | 2,561.2 | 1,733.5 | 1,276.9 | 927.9 | 628.7 | 413.3 | 270.9 |
| Cost of Revenue | 17,550.7 | 16,396.3 | 16,723.6 | 19,062.1 | 17,252.3 | 15,257.4 | 14,992.5 | 13,533.6 | 12,382.7 | 11,344.4 | 10,872.9 | 10,153.2 | 9,008.3 | 8,458.6 | 8,018.9 | 7,410.4 | 6,029.7 | 6,710.2 | 5,715.6 | 5,324.2 | 4,867.6 | 3,990.8 | 3,700.7 | 3,434.5 | 3,352.6 | 2,237.7 | 1,513.3 | 1,103.4 | 805.4 | 546.4 | 357.6 | 235.7 |
| Gross Profit | 4,873.4 | 4,602.4 | 4,652.4 | 4,686.6 | 3,568.5 | 3,210.1 | 3,039.9 | 2,706.9 | 2,450.2 | 2,328.3 | 2,115.8 | 1,921.3 | 1,760.3 | 1,669.6 | 1,583.5 | 1,390.8 | 1,132.9 | 1,361 | 1,069.8 | 967.6 | 870.1 | 673.8 | 563.8 | 527.0 | 489.8 | 323.5 | 220.2 | 173.5 | 122.5 | 82.3 | 55.7 | 35.2 |
| 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 |
| SG&A Expenses | 3,217.8 | 2,925.7 | 2,971.5 | 2,951.4 | 2,149.5 | 2,030.9 | 1,906.3 | 1,719.6 | 1,583.7 | 1,508.3 | 1,373.8 | 1,248.3 | 1,251.7 | 1,159 | 1,112.8 | 1,038.1 | 923 | 1,036.1 | 648.4 | 548.0 | 386.6 | 325.2 | 261.6 | 253.3 | 217.8 | 149.2 | 115.5 | 90.3 | 64.9 | 49.2 | 34.6 | 21.8 |
| Other Expenses | 0 | 25.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 241.8 | 1,712 | 25 | 0 | 90.8 | 64.1 | 4.0 | 5.5 | 12.5 | 16.4 | 0 | 2.7 | 4 | 2.2 | 1.7 | 1 |
| Operating Expenses | 3,217.8 | 2,951.1 | 2,971.5 | 2,951.4 | 2,149.5 | 2,030.9 | 1,906.3 | 1,719.6 | 1,583.7 | 1,508.3 | 1,373.8 | 1,248.3 | 1,251.7 | 1,159 | 1,112.8 | 1,038.1 | 1,164.8 | 2,748.1 | 673.4 | 548.0 | 477.4 | 389.3 | 265.7 | 258.8 | 230.2 | 165.6 | 115.5 | 93.0 | 68.9 | 51.4 | 36.3 | 22.8 |
| Operating Income | ||||||||||||||||||||||||||||||||
| Operating Income | 1,655.6 | 1,651.3 | 1,680.9 | 1,735.2 | 1,419 | 1,179.2 | 1,133.6 | 987.3 | 866.5 | 820 | 742 | 673 | 508.6 | 510.6 | 470.7 | 352.7 | (31.9) | (1,387.1) | 396.4 | 419.6 | 392.8 | 284.5 | 298.2 | 268.2 | 259.6 | 157.9 | 104.6 | 80.5 | 53.6 | 30.9 | 19.4 | 12.4 |
| Interest Expense | 227.4 | 214.5 | 226.6 | 235.7 | 150.9 | 154.9 | 159.4 | 148.6 | 150.5 | 146.5 | 159.5 | 197.3 | 250.1 | 307.4 | 324.2 | 391.9 | 431.7 | 390.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||
| EBITDA | 1,950.8 | 1,925.2 | 1,947.5 | 2,014.1 | 1,639.9 | 1,582.8 | 1,376.2 | 1,254.7 | 1,072.1 | 1,074.2 | 1,033.9 | 792.9 | 653.8 | 703.7 | 557.4 | 564.3 | 428.1 | 543.3 | 424.5 | 441.1 | 409.8 | 299.6 | 313.7 | 283.6 | 270.1 | 164.7 | 109.4 | 83.2 | 55.6 | 33.1 | 21.1 | 13.4 |
| EBIT | 1,654.8 | 1,649.9 | 1,676.8 | 1,723.5 | 1,448.7 | 1,157.2 | 1,109.1 | 989.1 | 811.2 | 819.7 | 806.5 | 585 | 445.6 | 493.5 | 352.5 | 354.9 | 209.9 | 324.9 | 396.4 | 419.6 | 392.8 | 284.5 | 298.2 | 268.2 | 259.6 | 157.9 | 104.6 | 80.5 | 53.6 | 30.9 | 19.4 | 12.4 |
| Income Before Tax | 1,427.4 | 1,435.4 | 1,450.2 | 1,487.8 | 1,297.8 | 1,002.3 | 949.7 | 840.5 | 660.7 | 673.2 | 647 | 387.7 | 195.5 | 186.1 | 28.3 | (37) | (461.2) | (1,777.2) | 414.4 | 433.0 | 399.9 | 289.6 | 306.2 | 280.0 | 268.7 | 162.4 | 109.0 | 84.5 | 56.9 | 33 | 19.9 | 12.1 |
| Income Tax Expense | 360.8 | 357.6 | 345.9 | 373.3 | 309.2 | 213.8 | 212.9 | 197.5 | 137.6 | 248.1 | 243.9 | 142.8 | 62.7 | 67.1 | 11.2 | (7.8) | (87.8) | (12.1) | 148.3 | 160.9 | 158.4 | 114.4 | 120.9 | 111.3 | 106.4 | 64.3 | 43.2 | 33.5 | 22.5 | 12.9 | 7.8 | (0.5) |
| Net Income | 1,066.6 | 1,077.8 | 1,104.3 | 1,114.5 | 988.6 | 788.5 | 736.8 | 643 | 523.1 | 425.1 | 403.1 | 244.9 | 132.8 | 119 | 17.1 | (29.2) | (373.4) | (1,765.1) | 266.1 | 272.1 | 241.4 | 175.2 | 185.2 | 168.7 | 162.3 | 98.1 | 65.8 | 51 | 34.4 | 20.1 | 12.1 | 12.6 |
| Per Share Data | ||||||||||||||||||||||||||||||||
| EPS (Basic) | 8.13 | 8.06 | 8.20 | 8.24 | 7.14 | 5.53 | 5.08 | 4.26 | 3.37 | 2.59 | 2.37 | 1.44 | 0.85 | 0.82 | 0.12 | -0.20 | -2.57 | -12.16 | 3.37 | 3.35 | 2.90 | 2.10 | 2.18 | 1.97 | 1.87 | 1.14 | 0.77 | 0.60 | 1.58 | 0.24 | 0.16 | 0.15 |
| EPS (Diluted) | 8.08 | 7.97 | 8.10 | 8.14 | 7.04 | 5.45 | 4.99 | 4.19 | 3.31 | 2.56 | 2.35 | 1.42 | 0.84 | 0.82 | 0.12 | -0.20 | -2.56 | -12.08 | 3.30 | 3.26 | 2.79 | 2.03 | 2.10 | 1.89 | 1.79 | 1.11 | 0.77 | 0.59 | 1.58 | 0.24 | 0.16 | 0.15 |
| Shares Outstanding | 131.3 | 133.8 | 134.6 | 135.2 | 138.5 | 142.6 | 145.1 | 150.9 | 155.4 | 163.6 | 170.3 | 170.6 | 156.6 | 145.1 | 144.8 | 144.4 | 145.2 | 145.2 | 78.9 | 81.1 | 83.4 | 83.3 | 84.9 | 85.8 | 87.0 | 86.3 | 85.5 | 85 | 84.6 | 83.8 | 75.6 | 84 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||
| Cash & Cash Equivalents | 618.7 | 503.5 | 588.7 | 315.2 | 258.1 | 1,410.2 | 154 | 205.8 | 144.2 | 263.7 | 88 | 148.8 | 222.4 | 157.1 | 146.0 | 43.7 | 19.7 | 4.2 | 18.2 | 16.5 | 14.2 | 3 | 5.8 |
| Short-Term Investments | 0 | 214.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 329.4 | 175.2 | 347.5 | 248.4 | 159.0 | 63.2 | 66.5 | 0 | 58.5 | 0 | 0 | 0 |
| Net Receivables | 6,866.4 | 5,645.7 | 5,038 | 4,950.4 | 4,934.9 | 3,592.1 | 3,397.3 | 2,987.6 | 2,672.3 | 2,403.5 | 1,134.5 | 604.4 | 472.5 | 347.2 | 328.2 | 350.9 | 237.8 | 158.2 | 91.5 | 61.3 | 40.9 | 24.9 | 13.4 |
| Inventory | 563.4 | 605.3 | 668.1 | 800.2 | 927.6 | 760 | 611.2 | 454.3 | 411.5 | 452 | 257.8 | 213.2 | 183.9 | 150.8 | 119.1 | 110.2 | 126.2 | 64.4 | 61.9 | 41.5 | 27.4 | 23.2 | 9.2 |
| Other Current Assets | 452 | 404.4 | 410.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40 | 13.7 | 12.1 | 11.8 | 9.0 | 6.7 | 6.7 | 5.1 | 64.8 | 2.3 | 44.4 | 20.3 | 0.5 |
| Total Current Assets | 8,500.5 | 7,373.1 | 6,705 | 6,564 | 6,478.1 | 5,953.5 | 4,334.1 | 3,796.8 | 3,396.3 | 3,238.1 | 1,557.8 | 1,316.4 | 1,070.2 | 1,018.5 | 854.2 | 673.9 | 455.0 | 299.8 | 237.2 | 180.8 | 126.9 | 71.4 | 28.9 |
| Non-Current Assets | |||||||||||||||||||||||
| Property, Plant & Equipment | 308.2 | 312.2 | 324.3 | 338 | 351.4 | 306.3 | 494.9 | 156.1 | 161.1 | 163.7 | 165.8 | 68.6 | 62.3 | 64.1 | 69.1 | 62.0 | 39.4 | 37.1 | 26.3 | 12.3 | 3.5 | 2.9 | 1.4 |
| Goodwill | 4,662.3 | 4,620.4 | 4,413.4 | 4,342.7 | 4,382.9 | 2,595.9 | 2,553 | 2,462.8 | 2,479.6 | 2,455 | 2,207.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,186.4 | 1,356.6 | 1,369.7 | 1,490.7 | 1,628.1 | 445.1 | 594.1 | 712.2 | 897 | 1,055.6 | 1,951.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1,297.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 125.4 | 0 | 5.2 | 5.4 | 5.8 | 6.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 73.3 | 1,016.1 | 472.2 | 396.1 | 358.9 | 43.9 | 23.3 | 39.8 | 32.7 | 36 | 93.6 | 10.5 | 179.1 | 7.9 | 8.4 | 0 | 0 | 0 | 6.1 | 5.7 | 3.5 | 3.7 | 4 |
| Total Non-Current Assets | 7,527.7 | 7,305.3 | 6,579.6 | 6,567.5 | 6,721.3 | 3,391.2 | 3,665.3 | 3,370.9 | 3,570.4 | 3,710.3 | 4,418.2 | 204.5 | 241.4 | 77.1 | 82.9 | 74.6 | 50.9 | 42.0 | 32.4 | 18.0 | 7 | 6.6 | 5.4 |
| Total Assets | 16,028.2 | 14,678.4 | 13,284.6 | 13,131.5 | 13,199.4 | 9,344.7 | 7,999.4 | 7,167.7 | 6,966.7 | 6,948.4 | 5,976 | 1,520.9 | 1,311.6 | 1,095.7 | 937.0 | 748.4 | 505.9 | 341.8 | 269.6 | 198.8 | 133.9 | 78 | 34.3 |
| Current Liabilities | |||||||||||||||||||||||
| Account Payables | 4,220.1 | 3,381.3 | 2,881 | 2,821.3 | 3,114.2 | 2,088.4 | 1,835 | 1,577.1 | 1,317.7 | 1,072.9 | 292.3 | 167.9 | 149.1 | 102.8 | 106.8 | 56.1 | 65.7 | 41.4 | 44.5 | 36.6 | 19.4 | 16.2 | 7.1 |
| Short-Term Debt | 1,393 | 235.8 | 613.1 | 56.3 | 412.8 | 541 | 413.2 | 25.3 | 25.5 | 18.5 | 22.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.6 |
| Deferred Revenue | 534 | 491 | 487.4 | 485.5 | 402.9 | 243.7 | 252.2 | 178.3 | 158.8 | 172.6 | 28.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 677.3 | 811.8 | 857.3 | 861 | 816.5 | 713.1 | 703.7 | 418.4 | 372.9 | 314.8 | 68.7 | 0 | 0 | 0 | 0 | 0 | 35.1 | 0 | (0.0) | 0 | 8.3 | 6 | 1.8 |
| Total Current Liabilities | 7,226.1 | 5,474.4 | 5,442 | 4,947.1 | 5,096 | 3,898.3 | 3,491.4 | 2,803.1 | 2,522.1 | 2,280.7 | 634.5 | 270.9 | 248.5 | 171.6 | 158.4 | 112.2 | 114.9 | 71.1 | 69.8 | 57.2 | 27.7 | 22.2 | 12.5 |
| Non-Current Liabilities | |||||||||||||||||||||||
| Long-Term Debt | 4,780.1 | 5,607 | 5,031.8 | 5,866.4 | 6,755.8 | 3,856.3 | 3,283.2 | 3,183.3 | 3,210 | 3,215.9 | 4,599.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 171.8 | 167.4 | 171.4 | 203.4 | 222.3 | 55.3 | 62.4 | 141.9 | 196.3 | 369.2 | 694.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1,055.3 | 927.8 | 432.9 | 336.1 | 235.4 | 68.7 | 71 | 64.2 | 52.7 | 37.1 | 92.2 | 8.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 6,196 | 6,851.3 | 5,800.1 | 6,581.1 | 7,397.7 | 4,149.3 | 3,547.7 | 3,389.4 | 3,459 | 3,622.2 | 5,386.2 | 8.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 13,422.1 | 12,325.7 | 11,242.1 | 11,528.2 | 12,493.7 | 8,047.6 | 7,039.1 | 6,192.5 | 5,981.1 | 5,902.9 | 6,020.7 | 279.5 | 248.5 | 171.6 | 158.4 | 112.2 | 114.9 | 71.1 | 69.7 | 57.2 | 27.7 | 22.2 | 12.4 |
| Stockholders' Equity | |||||||||||||||||||||||
| Common Stock | 1.3 | 1.3 | 1.3 | 1.4 | 1.3 | 1.4 | 1.4 | 1.5 | 1.5 | 1.6 | 0 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.4 | 0.2 | 0.2 | 0 | 0 | 0 |
| Retained Earnings | (1,273.9) | (1,322.9) | (1,525.5) | (1,763.8) | (2,570.7) | (1,813.4) | (2,018.6) | (1,892.6) | (1,831.6) | (1,673.8) | (2,178.8) | 1,168.3 | 956.9 | 806.5 | 621.3 | 452.6 | 290.3 | 192.3 | 126.4 | 75.4 | 41 | 21 | 8.8 |
| Accumulated Other Comprehensive Income | (99.8) | (160.1) | (124.6) | (152.4) | (94.4) | (95.8) | (117.8) | (130.6) | (95.9) | (139.6) | (21.3) | 0.2 | 0.2 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 2,606.1 | 2,352.7 | 2,042.5 | 1,603.3 | 705.7 | 1,297.1 | 960.3 | 975.2 | 985.6 | 1,045.5 | (44.7) | 1,241.4 | 1,061.2 | 924.1 | 778.7 | 636.3 | 391.0 | 270.8 | 199.9 | 141.6 | 106.2 | 55.8 | 21.9 |
| Total Liabilities & Equity | 16,028.2 | 14,678.4 | 13,284.6 | 13,131.5 | 13,199.4 | 9,344.7 | 7,999.4 | 7,167.7 | 6,966.7 | 6,948.4 | 5,976 | 1,520.9 | 1,311.6 | 1,095.7 | 937.0 | 748.4 | 505.9 | 341.8 | 269.6 | 198.8 | 133.9 | 78 | 34.3 |
| Debt Metrics | |||||||||||||||||||||||
| Total Debt | 6,330.9 | 5,991.9 | 5,808.9 | 6,097.9 | 7,352.8 | 4,566.3 | 3,827.5 | 3,208.6 | 3,235.5 | 3,234.4 | 4,621.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.6 |
| Net Debt | 5,712.2 | 5,488.4 | 5,220.2 | 5,782.7 | 7,094.7 | 3,156.1 | 3,673.5 | 3,002.8 | 3,091.3 | 2,970.7 | 4,533.9 | (148.8) | (222.4) | (157.1) | (146.0) | (43.7) | (19.7) | (4.2) | (18.2) | (16.5) | (14.2) | (3) | (2.2) |
| 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 | 1,066.6 | 1,077.8 | 1,104.3 | 1,114.5 | 988.6 | 788.5 | 736.8 | 643 | 523.1 | 425.1 | 272.1 | 241.4 | 175.2 | 185.2 | 168.7 | 162.3 | 98.1 | 65.8 | 51 | 34.4 | 20.1 | 12.1 | 12.6 |
| Depreciation & Amortization | 296 | 275.3 | 270.7 | 290.6 | 191.2 | 425.6 | 267.1 | 265.6 | 260.9 | 254.5 | 21.5 | 17.0 | 15.1 | 15.6 | 15.4 | 10.5 | 6.8 | 4.8 | (2.7) | 2.0 | (2.2) | (1.7) | (1) |
| Stock-Based Compensation | 0 | 64.7 | 93.7 | 91.1 | 72.6 | 42.5 | 48.5 | 40.7 | 43.7 | 39.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (286.3) | (162.7) | 118.8 | (166.6) | (431.6) | 4.9 | 33.7 | 1.8 | 60.3 | (24) | (5.4) | (96.8) | (104.0) | (47.5) | 56.7 | (104.7) | (105.9) | (69.8) | (38.9) | (18.9) | (14.7) | (11.9) | (12) |
| Other Non-Cash Items | 127.6 | 36.3 | 43.9 | 24.5 | (29.5) | 73 | 29 | 10.9 | 62.4 | 6.4 | 14.4 | 20.3 | 37.3 | 79.6 | 65.1 | 75.6 | 25.2 | 4.4 | 11.5 | 14.5 | 8.5 | 5.4 | 2 |
| Operating Cash Flow | 1,205.2 | 1,277.3 | 1,598.7 | 1,335.9 | 784.6 | 1,314.3 | 1,027.2 | 905.9 | 777.7 | 604 | 303.7 | 184.2 | 125.4 | 231.4 | 302.4 | 141.8 | 22.5 | 4.5 | 19.5 | 28.8 | 11.2 | 3.6 | (2.5) |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (117.1) | (122.6) | (148.2) | (127.8) | (100) | (158) | (236.3) | (86.1) | (81.1) | (63.5) | (49.1) | (22.1) | (11.4) | (10.6) | (22.5) | (33.0) | (9.2) | (15.1) | (17.1) | (11.1) | (2.1) | (2.6) | (0.2) |
| Acquisitions | (21.5) | (323.9) | (76.4) | (36.7) | (2,669.6) | (43) | (95.1) | 0 | 0 | 0 | 0 | 0 | (3.6) | (18.5) | (47.9) | (44.2) | (8.8) | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (211.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (2.4) | (422.1) | (638.8) | (606.9) | (1,889.0) | (1,990.1) | (247.2) | (131.6) | (114.9) | (101.1) | (111.5) | (63.1) | (46.9) | 0 |
| Sales/Maturities of Investments | 211.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 804.2 | 523.3 | 613.4 | 1,789.3 | 1,900.8 | 154.4 | 137.8 | 112.5 | 100.5 | 96.0 | 39.4 | 28.1 | 0 |
| Other Investing Activities | (2.3) | (1.6) | (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (337.1) | (2.3) | (13.5) | 19.0 | 48.6 | 45.0 | 2.3 | 0 | (0.1) | 0 | 0 | 0 | (0.1) |
| Investing Cash Flow | 70.2 | (659.2) | (229.6) | (164.5) | (2,769.6) | (201) | (331.4) | (86.1) | (81.1) | (65.9) | (4.0) | (139.9) | (22.0) | (109.8) | (111.0) | (125.0) | (9.4) | (17.6) | (17.8) | (26.5) | (25.8) | (21.4) | (0.3) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | (214.7) | 235.4 | (224.4) | (865.3) | 2,756.3 | 605.1 | 112 | 0 | (53.2) | (28) | 16.4 | (37.0) | 37.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (653) | (500) | (500) | 0 | (1,500.4) | (340.6) | (657.2) | (522.3) | (534) | (367.4) | (258.3) | (86.0) | (76.3) | (128.3) | (98.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (328.6) | (332.1) | (321.5) | (282.6) | (234.8) | (219.6) | (183.4) | (139.4) | (106.9) | (78.7) | (35.1) | (30.0) | (24.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.6) |
| Other Financing Activities | (17.7) | (90.2) | (52.8) | 45.8 | (188.3) | 93.9 | (21.2) | (93.1) | (124.6) | 169.5 | 29.7 | 0 | 0 | 0 | 0 | 0 | 0 | (2.1) | 0 | 0 | 25.8 | 16 | 6.9 |
| Financing Cash Flow | (1,184.5) | (686.9) | (1,098.7) | (1,102.1) | 832.8 | 138.8 | (749.8) | (754.8) | (818.7) | (304.6) | (247.3) | (118.1) | (38.3) | (110.5) | (89.1) | 7.1 | 2.4 | (0.9) | 0 | 0 | 25.8 | 16 | 6.3 |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 115.2 | (81) | 273.5 | 57.1 | (1,152.1) | 1,256.2 | (51.8) | 61.6 | (119.5) | 226.1 | 52.4 | (73.6) | 65.3 | 11.2 | 102.3 | 23.9 | 15.5 | (14.0) | 1.7 | 2.2 | (3) | (4.8) | (2.2) |
| Cash at Beginning | 503.5 | 588.7 | 315.2 | 258.1 | 1,410.2 | 154 | 205.8 | 144.2 | 263.7 | 37.6 | 148.8 | 222.4 | 157.1 | 146.0 | 43.7 | 19.7 | 4.2 | 18.2 | 16.5 | 14.2 | 3 | 4.8 | 2.2 |
| Cash at End | 618.7 | 507.7 | 588.7 | 315.2 | 258.1 | 1,410.2 | 154 | 205.8 | 144.2 | 263.7 | 201.2 | 148.8 | 222.4 | 157.1 | 146.0 | 43.7 | 19.7 | 4.2 | 18.2 | 16.5 | 0 | 0 | 0 |
| Free Cash Flow | 1,088.1 | 1,154.7 | 1,450.5 | 1,208.1 | 684.6 | 1,156.3 | 790.9 | 819.8 | 696.6 | 540.5 | 254.6 | 162.1 | 114.0 | 220.8 | 279.9 | 108.8 | 13.4 | (10.6) | 2.4 | 17.7 | 9.1 | 1 | (2.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||
| Revenue | 22,424.1 | 20,998.7 | 21,376 | 23,748.7 | 20,820.8 | 18,467.5 | 18,032.4 | 16,240.5 | 14,832.9 | 13,672.7 | 12,988.7 | 12,074.5 | 10,768.6 | 10,128.2 | 9,602.4 | 8,801.2 | 7,162.6 | 8,071.2 | 6,785.5 | 6,291.8 | 5,737.8 | 4,664.6 | 4,264.6 | 3,961.5 | 3,842.5 | 2,561.2 | 1,733.5 | 1,276.9 | 927.9 | 628.7 | 413.3 | 270.9 |
| Gross Profit | 4,873.4 | 4,602.4 | 4,652.4 | 4,686.6 | 3,568.5 | 3,210.1 | 3,039.9 | 2,706.9 | 2,450.2 | 2,328.3 | 2,115.8 | 1,921.3 | 1,760.3 | 1,669.6 | 1,583.5 | 1,390.8 | 1,132.9 | 1,361 | 1,069.8 | 967.6 | 870.1 | 673.8 | 563.8 | 527.0 | 489.8 | 323.5 | 220.2 | 173.5 | 122.5 | 82.3 | 55.7 | 35.2 |
| Operating Income | 1,655.6 | 1,651.3 | 1,680.9 | 1,735.2 | 1,419 | 1,179.2 | 1,133.6 | 987.3 | 866.5 | 820 | 742 | 673 | 508.6 | 510.6 | 470.7 | 352.7 | (31.9) | (1,387.1) | 396.4 | 419.6 | 392.8 | 284.5 | 298.2 | 268.2 | 259.6 | 157.9 | 104.6 | 80.5 | 53.6 | 30.9 | 19.4 | 12.4 |
| Net Income | 1,066.6 | 1,077.8 | 1,104.3 | 1,114.5 | 988.6 | 788.5 | 736.8 | 643 | 523.1 | 425.1 | 403.1 | 244.9 | 132.8 | 119 | 17.1 | (29.2) | (373.4) | (1,765.1) | 266.1 | 272.1 | 241.4 | 175.2 | 185.2 | 168.7 | 162.3 | 98.1 | 65.8 | 51 | 34.4 | 20.1 | 12.1 | 12.6 |
| EPS (Diluted) | 8.08 | 7.97 | 8.10 | 8.14 | 7.04 | 5.45 | 4.99 | 4.19 | 3.31 | 2.56 | 2.35 | 1.42 | 0.84 | 0.82 | 0.12 | -0.20 | -2.56 | -12.08 | 3.30 | 3.26 | 2.79 | 2.03 | 2.10 | 1.89 | 1.79 | 1.11 | 0.77 | 0.59 | 1.58 | 0.24 | 0.16 | 0.15 |
| Balance Sheet | ||||||||||||||||||||||||||||||||
| Cash & Equivalents | 618.7 | 503.5 | 588.7 | 315.2 | 258.1 | 1,410.2 | 154 | 205.8 | 144.2 | 263.7 | 88 | 148.8 | 222.4 | 157.1 | 146.0 | 43.7 | 19.7 | 4.2 | 18.2 | 16.5 | 14.2 | 3 | 5.8 | |||||||||
| Total Assets | 16,028.2 | 14,678.4 | 13,284.6 | 13,131.5 | 13,199.4 | 9,344.7 | 7,999.4 | 7,167.7 | 6,966.7 | 6,948.4 | 5,976 | 1,520.9 | 1,311.6 | 1,095.7 | 937.0 | 748.4 | 505.9 | 341.8 | 269.6 | 198.8 | 133.9 | 78 | 34.3 | |||||||||
| Total Debt | 6,330.9 | 5,991.9 | 5,808.9 | 6,097.9 | 7,352.8 | 4,566.3 | 3,827.5 | 3,208.6 | 3,235.5 | 3,234.4 | 4,621.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.6 | |||||||||
| Stockholders' Equity | 2,606.1 | 2,352.7 | 2,042.5 | 1,603.3 | 705.7 | 1,297.1 | 960.3 | 975.2 | 985.6 | 1,045.5 | (44.7) | 1,241.4 | 1,061.2 | 924.1 | 778.7 | 636.3 | 391.0 | 270.8 | 199.9 | 141.6 | 106.2 | 55.8 | 21.9 | |||||||||
| Cash Flow | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,205.2 | 1,277.3 | 1,598.7 | 1,335.9 | 784.6 | 1,314.3 | 1,027.2 | 905.9 | 777.7 | 604 | 303.7 | 184.2 | 125.4 | 231.4 | 302.4 | 141.8 | 22.5 | 4.5 | 19.5 | 28.8 | 11.2 | 3.6 | (2.5) | |||||||||
| Capital Expenditure | (117.1) | (122.6) | (148.2) | (127.8) | (100) | (158) | (236.3) | (86.1) | (81.1) | (63.5) | (49.1) | (22.1) | (11.4) | (10.6) | (22.5) | (33.0) | (9.2) | (15.1) | (17.1) | (11.1) | (2.1) | (2.6) | (0.2) | |||||||||
| Free Cash Flow | 1,088.1 | 1,154.7 | 1,450.5 | 1,208.1 | 684.6 | 1,156.3 | 790.9 | 819.8 | 696.6 | 540.5 | 254.6 | 162.1 | 114.0 | 220.8 | 279.9 | 108.8 | 13.4 | (10.6) | 2.4 | 17.7 | 9.1 | 1 | (2.7) | |||||||||