CFR - Cullen/Frost Bankers, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$154.13
DETAILS
HIGH:
$164.00
LOW:
$144.00
MEDIAN:
$152.50
CONSENSUS:
$154.13
UPSIDE:
10.58%
| 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 | 2,919.8 | 2,849.7 | 2,646.3 | 1,880.5 | 1,395.5 | 1,486.5 | 1,497.7 | 1,402.5 | 1,229.4 | 1,138.1 | 1,078.2 | 1,021.6 | 945.3 | 920.4 | 913.0 | 899.4 | 916.7 | 963.0 | 1,037.1 | 924.7 | 740.2 | 618.7 | 584.3 | 590.9 | 644.6 | 677.5 | 598.9 | 564.6 | 505.8 | 443.9 | 343.8 | 282.3 | 265.8 |
| Cost of Revenue | 728.8 | 851.0 | 705.2 | 187.4 | 24.0 | 286.3 | 163.5 | 115.0 | 62.0 | 63.7 | 64.7 | 30.9 | 42.5 | 36.8 | 68.7 | 97.5 | 151.7 | 179.4 | 264.8 | 228.9 | 128.8 | 64.6 | 65.7 | 98.7 | 185.1 | 203.7 | 163 | 170.5 | 158.2 | 136.5 | 110.1 | 69.2 | 55.7 |
| Gross Profit | 2,191.0 | 1,998.7 | 1,941.0 | 1,693.1 | 1,371.5 | 1,200.2 | 1,334.1 | 1,287.5 | 1,167.4 | 1,074.4 | 1,013.5 | 990.8 | 902.8 | 883.6 | 844.3 | 801.9 | 765.0 | 783.5 | 772.3 | 695.8 | 611.4 | 554.0 | 518.6 | 492.2 | 459.5 | 473.8 | 435.9 | 394.1 | 347.6 | 307.4 | 233.7 | 213.1 | 210.1 |
| 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 |
| SG&A Expenses | 896.4 | 832.5 | 788.2 | 636.3 | 524.3 | 507.9 | 525.8 | 491.6 | 476.2 | 450.8 | 439.0 | 406.7 | 387.6 | 367.7 | 354.6 | 337.8 | 311.7 | 277.8 | 257.1 | 237.0 | 207.6 | 207.8 | 184.9 | 173.8 | 173.3 | 162.3 | 148.2 | 131.1 | 118.8 | 103.8 | 69.1 | 62.9 | 65.7 |
| Other Expenses | 523.0 | 470.2 | 440.4 | 388.0 | 357.7 | 341.0 | 308.8 | 287.2 | 282.9 | 282.2 | 254.7 | 248.1 | 224.3 | 207.4 | 203.5 | 197.7 | 220.6 | 208.9 | 205.4 | 173.3 | 159.4 | 137.2 | 141.1 | 138.3 | 166.3 | 141.5 | 139.1 | 145.3 | 116.2 | 106.3 | 93.3 | 92.6 | 106.4 |
| Operating Expenses | 1,419.3 | 1,302.8 | 1,228.7 | 1,024.3 | 882.0 | 848.9 | 834.7 | 778.8 | 759.1 | 733.0 | 693.7 | 654.7 | 611.9 | 575.1 | 558.1 | 535.5 | 532.2 | 486.6 | 462.4 | 410.4 | 367.0 | 345.0 | 326.0 | 312.1 | 339.7 | 303.8 | 287.3 | 276.4 | 235 | 210.1 | 162.4 | 155.5 | 172.1 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 771.7 | 696.0 | 712.4 | 668.8 | 489.5 | 351.3 | 499.5 | 508.7 | 408.4 | 341.4 | 319.8 | 336.0 | 290.9 | 308.5 | 286.2 | 266.3 | 232.8 | 296.9 | 309.9 | 285.4 | 244.4 | 209.0 | 192.5 | 180.1 | 119.9 | 170.0 | 148.6 | 117.7 | 112.6 | 97.3 | 71.3 | 57.6 | 38 |
| Interest Expense | 684.6 | 786.0 | 659.1 | 184.4 | 23.9 | 45.0 | 129.8 | 93.3 | 26.5 | 12.1 | 12.9 | 14.5 | 21.9 | 26.8 | 41.2 | 53.9 | 86.4 | 141.6 | 250.1 | 214.8 | 118.6 | 62.1 | 55.2 | 75.9 | 144.8 | 189.6 | 150.6 | 160.1 | 149 | 128 | 103.8 | 69.2 | 61.8 |
| Interest Income | 2,420.7 | 2,390.6 | 2,217.7 | 1,475.7 | 1,008.8 | 1,021.0 | 1,133.8 | 1,051.2 | 892.9 | 788.4 | 749.5 | 701.5 | 642.5 | 631.6 | 623.0 | 617.3 | 623.0 | 675.7 | 768.8 | 684.0 | 509.8 | 393.5 | 368.9 | 389.9 | 461.0 | 512.3 | 447.6 | 428.1 | 384.1 | 339.7 | 256.1 | 205.5 | 189.6 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 859.5 | 778.8 | 788.8 | 740.2 | 558.8 | 415.7 | 553.6 | 558.9 | 456.2 | 389.6 | 361.9 | 375.9 | 329.4 | 346.3 | 323.9 | 303.9 | 269.2 | 330.4 | 341.2 | 310.6 | 270.7 | 234.9 | 220.3 | 211.5 | 158.2 | 205.5 | 186 | 146.8 | 129.7 | 108.4 | 92.3 | 63.2 | 49.2 |
| EBIT | 771.7 | 696.0 | 712.4 | 668.8 | 489.5 | 351.3 | 499.5 | 508.7 | 408.4 | 341.4 | 319.8 | 336.0 | 290.9 | 308.5 | 286.2 | 266.3 | 232.8 | 296.9 | 309.9 | 285.4 | 244.4 | 209.0 | 192.5 | 180.1 | 119.9 | 170.0 | 148.6 | 117.7 | 112.6 | 97.3 | 71.3 | 57.6 | 38 |
| Income Before Tax | 771.7 | 696.0 | 712.4 | 668.8 | 489.5 | 351.3 | 499.5 | 508.7 | 408.4 | 341.4 | 319.8 | 336.0 | 290.9 | 308.5 | 286.2 | 266.3 | 232.8 | 296.9 | 309.9 | 285.4 | 244.4 | 209.0 | 192.5 | 180.1 | 119.9 | 170.0 | 148.6 | 117.7 | 112.6 | 97.3 | 71.3 | 57.6 | 38 |
| Income Tax Expense | 123.1 | 113.4 | 114.4 | 89.7 | 46.5 | 20.2 | 55.9 | 53.8 | 44.2 | 37.1 | 40.5 | 58.0 | 53.0 | 70.5 | 68.7 | 57.6 | 53.7 | 89.6 | 97.8 | 91.8 | 79.0 | 67.7 | 62.0 | 57.8 | 39.7 | 58.7 | 51 | 42.1 | 39.6 | 34.4 | 25 | 20.2 | (0.7) |
| Net Income | 648.6 | 582.5 | 598.0 | 579.1 | 443.1 | 331.2 | 443.6 | 454.9 | 364.1 | 304.3 | 279.3 | 278.0 | 237.9 | 238.0 | 217.5 | 208.8 | 179.0 | 207.3 | 212.1 | 193.6 | 165.4 | 141.3 | 130.5 | 117.0 | 80.9 | 108.8 | 97.6 | 75.6 | 73 | 62.9 | 46.3 | 37.4 | 47.1 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 10.02 | 8.88 | 9.11 | 8.84 | 6.79 | 5.11 | 6.88 | 6.97 | 5.56 | 4.73 | 4.31 | 4.32 | 3.82 | 3.87 | 3.55 | 3.44 | 3.00 | 3.51 | 3.60 | 3.49 | 3.15 | 2.74 | 2.54 | 2.29 | 1.57 | 2.09 | 1.83 | 1.42 | 1.38 | 1.19 | 1.02 | 0.83 | 1.95 |
| EPS (Diluted) | 9.92 | 8.87 | 9.08 | 8.79 | 6.74 | 5.09 | 6.81 | 6.90 | 5.51 | 4.70 | 4.28 | 4.29 | 3.80 | 3.86 | 3.54 | 3.44 | 3.00 | 3.50 | 3.55 | 3.42 | 3.07 | 2.66 | 2.48 | 2.29 | 1.57 | 2.03 | 1.78 | 1.38 | 1.34 | 1.16 | 1.01 | 0.83 | 1.93 |
| Shares Outstanding | 64.1 | 64.2 | 64.2 | 64.2 | 63.6 | 62.7 | 62.7 | 63.7 | 63.7 | 62.4 | 62.8 | 62.1 | 60.4 | 61.3 | 61.1 | 60.4 | 59.5 | 58.8 | 58.9 | 55.5 | 52.5 | 51.6 | 51.4 | 51.1 | 51.5 | 52.1 | 53.3 | 53.2 | 52.9 | 52.9 | 45.4 | 44.9 | 44.2 |
| 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 | 8,864.4 | 10,218.7 | 8,602.6 | 11,820.5 | 16,541.0 | 10,288.1 | 3,431.8 | 3,320.8 | 4,893.1 | 4,122.7 | 1,716.2 | 1,152.2 | 549.1 | 1,070.7 | 1,339.8 | 1,001.2 | 824.0 | 767.2 | 787.8 | 827.6 | 924.9 | 633.9 | 533.4 | 585.1 |
| Short-Term Investments | 1,118.6 | 15,043.6 | 16,578.4 | 18,243.6 | 13,924.6 | 10,437.6 | 11,269.6 | 11,387.3 | 10,489.0 | 10,203.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 1,077.9 | 612.5 | 584.6 | 440.7 | 457.7 | 400.9 | 396.7 | 420.9 | 547.9 | 199.4 | 165.8 | 182.4 | 487.7 | 331.5 | 313.3 | 259.8 | 249 | 169.6 | 155 | 125.4 | 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 |
| 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 |
| Total Current Assets | 9,983.0 | 25,262.3 | 25,181.0 | 31,142.0 | 31,078.2 | 21,310.2 | 15,142.0 | 15,165.8 | 15,783.0 | 14,722.6 | 2,137.1 | 1,700.1 | 748.5 | 1,236.5 | 1,522.2 | 1,488.8 | 1,155.6 | 1,080.5 | 1,047.6 | 1,076.6 | 1,094.5 | 788.9 | 658.8 | 585.1 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 1,313.2 | 1,245.4 | 1,190.0 | 1,102.7 | 1,050.3 | 1,045.6 | 1,011.9 | 552.3 | 521.0 | 525.8 | 324.1 | 267.0 | 170.0 | 168.6 | 171.3 | 148.9 | 149.9 | 143.0 | 137.3 | 128.7 | 101.6 | 89.5 | 88.7 | 86.7 |
| Goodwill | 0 | 0 | 0 | 655.0 | 655.0 | 655.0 | 655.0 | 655.0 | 655.0 | 655.0 | 527.7 | 526.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0.4 | 0.9 | 1.6 | 2.5 | 3.6 | 5.1 | 6.8 | 19.5 | 24.3 | 199.4 | 165.8 | 182.4 | 487.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 39,931.1 | 24,018.4 | 22,197.7 | 19,566.4 | 17,836.9 | 19,163.8 | 16,648.2 | 15,073.7 | 14,422.4 | 14,072.8 | 13,132.8 | 12,295.3 | 8,063.2 | 7,473.1 | 6,889.6 | 6,602.2 | 6,137.4 | 5,738.3 | 5,684.7 | 4,840.2 | 3,692.2 | 3,321.7 | 3,046.2 | 2,833.4 |
| Other Non-Current Assets | 1,814.1 | 1,994.1 | 2,276.3 | 425.9 | 257.3 | 215.2 | 567.8 | 842.6 | 361.5 | 213.3 | 146.8 | 220.9 | 854.6 | 679.1 | 833.8 | 5.5 | 217.5 | 35.0 | 0 | 0.1 | 0.1 | 0.1 | 0 | 133.8 |
| Total Non-Current Assets | 43,058.4 | 27,258.0 | 25,664.0 | 21,750.4 | 19,800.3 | 21,081.1 | 18,885.4 | 17,127.2 | 15,964.9 | 15,473.7 | 14,150.9 | 13,334.0 | 9,204.3 | 8,435.6 | 8,013.8 | 6,880.7 | 6,504.8 | 5,916.2 | 5,822 | 4,969 | 3,793.9 | 3,411.3 | 3,134.9 | 3,053.9 |
| Total Assets | 53,041.4 | 52,520.3 | 50,845.0 | 52,892.4 | 50,878.5 | 42,391.3 | 34,027.4 | 32,293.0 | 31,747.9 | 30,196.3 | 16,288.0 | 15,034.1 | 9,952.8 | 9,672.1 | 9,536.0 | 8,369.6 | 7,660.4 | 6,996.7 | 6,869.6 | 6,045.6 | 4,888.4 | 4,200.2 | 3,793.7 | 3,639 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 0 | 0 | 0 | 866.3 | 754.3 | 730.2 | 545.7 | 172.3 | 195.1 | 169.1 | 205.6 | 295.7 | 140.7 | 155.6 | 121.6 | 120.5 | 126.0 | 101.6 | 107.2 | 114.4 | 92.7 | 101.6 | 40.1 | 49.6 |
| Short-Term Debt | 4,544.6 | 4,364.9 | 4,141.4 | 4,712.3 | 2,766.7 | 2,117.0 | 1,695.3 | 1,367.5 | 1,147.8 | 977.0 | 738.6 | 1,329.9 | 506.3 | 421.8 | 811.2 | 305.4 | 363.1 | 333.5 | 305.6 | 200.8 | 174.1 | 111.4 | 370.2 | 166.5 |
| 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 |
| Other Current Liabilities | 42,917.9 | 42,722.7 | 41,920.6 | 43,954.2 | 42,695.7 | 35,015.8 | 27,639.6 | 27,149.2 | 26,872.4 | 25,811.6 | 13,313.3 | 11,508.9 | 8,105.7 | 8,068.9 | 7,628.1 | 7,098.0 | 6,499.7 | 5,953.8 | 5,845.5 | 5,169.1 | 4,242.6 | 3,645.7 | 3,088 | 3,149.4 |
| Total Current Liabilities | 47,462.5 | 47,087.7 | 46,062.0 | 49,532.7 | 46,216.7 | 37,862.9 | 29,880.6 | 28,689.1 | 28,215.3 | 26,957.7 | 14,257.5 | 13,134.5 | 8,752.7 | 8,646.3 | 8,561.0 | 7,523.9 | 6,988.8 | 6,388.9 | 6,258.3 | 5,484.3 | 4,509.4 | 3,858.7 | 3,498.3 | 3,365.5 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 223.0 | 222.8 | 222.6 | 222.4 | 222.2 | 235.4 | 235.2 | 234.9 | 234.7 | 236.1 | 392.6 | 136.1 | 377.7 | 255.8 | 271.3 | 250.8 | 98.6 | 98.5 | 98.5 | 98.4 | 0 | 0 | 0 | 0 |
| 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 |
| Other Non-Current Liabilities | 782.8 | 1,311.2 | 844.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (256.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | 0 | 0.1 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 1,005.9 | 1,534.0 | 1,066.6 | 222.4 | 222.2 | 235.4 | 235.2 | 234.9 | 234.7 | 236.1 | 136.1 | 136.1 | 377.7 | 255.8 | 271.3 | 250.8 | 98.6 | 98.5 | 98.4 | 98.4 | 0.1 | 0 | 0 | 0 |
| Total Liabilities | 48,468.4 | 48,621.7 | 47,128.6 | 49,755.1 | 46,438.9 | 38,098.3 | 30,115.8 | 28,924.0 | 28,450.0 | 27,193.8 | 14,393.6 | 13,270.6 | 9,130.4 | 8,902.1 | 8,832.3 | 7,774.7 | 7,087.3 | 6,487.4 | 6,356.7 | 5,582.7 | 4,509.5 | 3,858.7 | 3,498.3 | 3,365.5 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 4,309.2 | 3,951.5 | 3,657.7 | 3,309.7 | 2,957.0 | 2,750.7 | 2,667.5 | 2,440.0 | 2,187.1 | 1,985.6 | 1,150.1 | 1,080.2 | 697.9 | 625.4 | 549.4 | 478.4 | 448.0 | 382.2 | 321.8 | 279 | 195.5 | 158.6 | 126 | 96 |
| Accumulated Other Comprehensive Income | (843.0) | (1,252.0) | (1,119.2) | (1,348.3) | 347.3 | 513.0 | 267.4 | (63.6) | 79.5 | (24.6) | 154.2 | 137.3 | (16.4) | 4.3 | 30.6 | (14.0) | (4.0) | (39.1) | 7.7 | 8.9 | 7.6 | 8.5 | 0 | 0 |
| Total Stockholders' Equity | 4,573.0 | 3,898.6 | 3,716.4 | 3,137.2 | 4,439.6 | 4,293.0 | 3,911.7 | 3,368.9 | 3,297.9 | 3,002.5 | 1,894.4 | 1,763.5 | 822.4 | 770.0 | 703.8 | 594.9 | 573.0 | 509.3 | 512.9 | 462.9 | 378.9 | 341.5 | 295.4 | 273.5 |
| Total Liabilities & Equity | 53,041.4 | 52,520.3 | 50,845.0 | 52,892.4 | 50,878.5 | 42,391.3 | 34,027.4 | 32,293.0 | 31,747.9 | 30,196.3 | 16,288.0 | 15,034.1 | 9,952.8 | 9,672.1 | 9,536.0 | 8,369.6 | 7,660.4 | 6,996.7 | 6,869.6 | 6,144 | 4,888.4 | 4,200.2 | 3,793.7 | 3,639 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 4,767.7 | 4,587.7 | 4,364.0 | 4,934.7 | 2,988.9 | 2,352.4 | 1,930.5 | 1,602.5 | 1,382.6 | 1,213.1 | 1,131.3 | 1,465.9 | 884.0 | 677.6 | 1,082.5 | 556.2 | 461.7 | 432.0 | 404.1 | 299.2 | 174.1 | 111.4 | 370.2 | 166.5 |
| Net Debt | (4,096.7) | (5,630.9) | (4,238.6) | (6,885.8) | (13,552.1) | (7,935.7) | (1,501.3) | (1,718.3) | (3,510.5) | (2,909.6) | (584.9) | 313.7 | 334.9 | (393.0) | (257.3) | (445.0) | (362.4) | (335.2) | (383.7) | (528.4) | (750.8) | (522.5) | (163.2) | (418.6) |
| 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 | 648.6 | 582.5 | 598.0 | 579.1 | 443.1 | 331.2 | 443.6 | 454.9 | 364.1 | 304.3 | 165.4 | 141.3 | 130.5 | 117.0 | 80.9 | 108.8 | 97.6 | 75.6 | 73 | 62.9 | 46.3 | 37.4 | 38.7 |
| Depreciation & Amortization | 127.4 | 82.8 | 76.4 | 71.3 | 69.3 | 64.4 | 54.1 | 50.2 | 47.8 | 48.2 | 26.3 | 25.9 | 27.8 | 31.5 | 38.3 | 35.5 | 37.4 | 29.1 | 17.1 | 11.1 | 21 | 5.6 | 11.2 |
| Stock-Based Compensation | 24.8 | 19.8 | 24.6 | 18.3 | 12.8 | 13.9 | 15.9 | 13.9 | 13.0 | 11.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (545.8) | 229.8 | (296.3) | (31.4) | 15.2 | (107.3) | (14.0) | (112.8) | 12.2 | (13.5) | (77.5) | (47.5) | 59.6 | (3.0) | 8.8 | (4.6) | 1.6 | (3.4) | (1.9) | (2.4) | 31.7 | (3.1) | (1.6) |
| Other Non-Cash Items | 13.7 | 86.3 | 91.0 | 90.1 | 100.2 | 238.0 | 126.9 | 103.2 | 115.4 | 98.7 | 17.7 | 3.8 | (11.7) | 134.5 | (29.1) | (7.8) | 6.1 | 19.6 | (33.3) | 8.9 | (11.9) | 5.1 | 1.1 |
| Operating Cash Flow | 274.0 | 989.5 | 478.8 | 722.6 | 648.3 | 524.2 | 634.1 | 562.4 | 538.1 | 437.8 | 132.4 | 128.8 | 202.4 | 272.2 | 91.5 | 130.2 | 136.6 | 115.3 | 48.2 | 76.6 | 85.9 | 47.1 | 43 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (146.7) | (127.8) | (158.6) | (102.5) | (65.8) | (95.4) | (206.7) | (79.3) | (34.1) | (53.6) | (18.1) | (15.4) | (12.5) | (40.9) | (17.5) | (25.2) | (20.3) | (18.8) | (18.1) | (21.4) | (6.4) | (16.4) | (13.3) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.5) | (13.3) | (7.1) | (0.8) | 0 | (5.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (21,496.9) | (17,899.8) | (20,272.0) | (23,602.4) | (24,217.8) | (20,843.1) | (23,956.0) | (18,192.6) | (13,529.2) | (16,419.8) | (10,763.8) | (8,518.3) | (8,604.8) | (7,933.2) | (6,674.8) | (3,448.7) | (2,172.2) | (2,324) | (1,386.3) | (738.4) | (807.5) | (661.7) | (1,589.3) |
| Sales/Maturities of Investments | 21,167.5 | 19,805.7 | 21,170.1 | 16,244.5 | 20,602.6 | 22,119.4 | 23,436.8 | 17,328.6 | 14,074.7 | 15,548.5 | 10,968.4 | 8,479.0 | 8,052.3 | 7,729.2 | 6,179.3 | 3,473.0 | 2,652.8 | 2,083.1 | 1,383.3 | 856.4 | 931.8 | 659.8 | 1,463.7 |
| Other Investing Activities | (1,125.0) | (1,959.0) | (1,682.2) | (817.0) | 1,156.1 | (2,811.9) | (660.9) | (970.1) | (1,182.0) | (448.5) | (594.9) | (571.6) | (54.0) | (44.2) | (117.7) | (385.0) | (438) | (413) | (326.2) | (312.5) | (197.6) | (222.8) | 127.4 |
| Investing Cash Flow | (1,601.1) | (180.9) | (942.8) | (8,277.3) | (2,525.0) | (1,631.0) | (1,386.8) | (1,913.3) | (670.6) | (1,374.0) | (421.7) | (633.4) | (619.7) | (289.2) | (635.6) | (386.0) | 22.3 | (672.7) | (347.3) | (215.9) | (79.7) | (241.1) | (11.5) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 179.7 | 223.5 | (570.9) | 1,945.6 | 636.3 | 421.7 | 327.8 | 219.7 | 169.3 | 83.5 | 227.9 | 206.4 | (404.8) | 505.8 | 90.9 | 29.7 | 27.9 | 89.4 | (31.9) | 76.3 | (267.6) | 0 | 40.2 |
| Stock Repurchased | (157.8) | (60.9) | (42.7) | (4.4) | (3.9) | (165.8) | (68.8) | (101.0) | (101.5) | (1.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (262.0) | (249.1) | (239.0) | (216.5) | (195.9) | (182.6) | (185.1) | (173.5) | (152.2) | (143.0) | (61.5) | (53.8) | (48.5) | (44.7) | (43.3) | (39.6) | (36) | (30.5) | (22.3) | (18.8) | (12.7) | (7.4) | (1.7) |
| Other Financing Activities | 195.1 | 824.8 | (2,024.3) | 1,275.2 | 7,734.4 | 7,376.2 | 511.1 | 308.5 | 1,128.6 | 1,546.8 | 721.7 | 36.8 | 440.7 | 508.4 | 598.3 | 545.9 | (117.6) | 454.2 | 240.9 | 373.7 | 374.7 | (59.4) | (66.3) |
| Financing Cash Flow | (33.1) | 738.3 | (2,876.9) | 2,999.9 | 8,170.9 | 7,607.5 | 585.1 | 253.7 | 1,044.1 | 1,486.1 | 908.9 | 160.2 | (8.4) | 950.3 | 635.7 | 492.7 | (144.7) | 517.6 | 172.6 | 431.5 | 94.4 | 142.4 | (25.6) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (1,360.2) | 1,547.0 | (3,340.9) | (4,554.9) | 6,294.1 | 6,500.7 | (167.6) | (1,097.3) | 911.6 | 549.9 | 619.6 | (344.4) | (425.7) | 933.2 | 91.6 | 237.0 | 14.3 | (39.8) | (126.5) | (661.8) | (533.4) | (585) | (579.1) |
| Cash at Beginning | 10,234.3 | 8,687.3 | 12,028.1 | 16,583 | 10,288.9 | 3,788.2 | 3,955.8 | 5,053.0 | 4,141.4 | 3,591.5 | 1,293.8 | 1,638.2 | 2,063.9 | 1,130.7 | 1,039.1 | 802.1 | 787.8 | 827.6 | 954.1 | 661.8 | 533.4 | 585 | 579.1 |
| Cash at End | 8,874.1 | 10,234.3 | 8,687.3 | 12,028.1 | 16,583 | 10,288.9 | 3,788.2 | 3,955.8 | 5,053.0 | 4,141.4 | 1,913.4 | 1,293.8 | 1,638.2 | 2,063.9 | 1,130.7 | 1,039.1 | 802.1 | 787.8 | 827.6 | 938.1 | 627.8 | 727.4 | 553.5 |
| Free Cash Flow | 127.3 | 861.8 | 320.2 | 620.1 | 582.4 | 428.8 | 427.4 | 483.1 | 504.0 | 384.2 | 114.3 | 113.4 | 189.8 | 231.3 | 74.0 | 105.0 | 116.3 | 96.5 | 30.1 | 55.2 | 79.5 | 30.7 | 29.7 |
| 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 | 2,919.8 | 2,849.7 | 2,646.3 | 1,880.5 | 1,395.5 | 1,486.5 | 1,497.7 | 1,402.5 | 1,229.4 | 1,138.1 | 1,078.2 | 1,021.6 | 945.3 | 920.4 | 913.0 | 899.4 | 916.7 | 963.0 | 1,037.1 | 924.7 | 740.2 | 618.7 | 584.3 | 590.9 | 644.6 | 677.5 | 598.9 | 564.6 | 505.8 | 443.9 | 343.8 | 282.3 | 265.8 |
| Gross Profit | 2,191.0 | 1,998.7 | 1,941.0 | 1,693.1 | 1,371.5 | 1,200.2 | 1,334.1 | 1,287.5 | 1,167.4 | 1,074.4 | 1,013.5 | 990.8 | 902.8 | 883.6 | 844.3 | 801.9 | 765.0 | 783.5 | 772.3 | 695.8 | 611.4 | 554.0 | 518.6 | 492.2 | 459.5 | 473.8 | 435.9 | 394.1 | 347.6 | 307.4 | 233.7 | 213.1 | 210.1 |
| Operating Income | 771.7 | 696.0 | 712.4 | 668.8 | 489.5 | 351.3 | 499.5 | 508.7 | 408.4 | 341.4 | 319.8 | 336.0 | 290.9 | 308.5 | 286.2 | 266.3 | 232.8 | 296.9 | 309.9 | 285.4 | 244.4 | 209.0 | 192.5 | 180.1 | 119.9 | 170.0 | 148.6 | 117.7 | 112.6 | 97.3 | 71.3 | 57.6 | 38 |
| Net Income | 648.6 | 582.5 | 598.0 | 579.1 | 443.1 | 331.2 | 443.6 | 454.9 | 364.1 | 304.3 | 279.3 | 278.0 | 237.9 | 238.0 | 217.5 | 208.8 | 179.0 | 207.3 | 212.1 | 193.6 | 165.4 | 141.3 | 130.5 | 117.0 | 80.9 | 108.8 | 97.6 | 75.6 | 73 | 62.9 | 46.3 | 37.4 | 47.1 |
| EPS (Diluted) | 9.92 | 8.87 | 9.08 | 8.79 | 6.74 | 5.09 | 6.81 | 6.90 | 5.51 | 4.70 | 4.28 | 4.29 | 3.80 | 3.86 | 3.54 | 3.44 | 3.00 | 3.50 | 3.55 | 3.42 | 3.07 | 2.66 | 2.48 | 2.29 | 1.57 | 2.03 | 1.78 | 1.38 | 1.34 | 1.16 | 1.01 | 0.83 | 1.93 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 8,864.4 | 10,218.7 | 8,602.6 | 11,820.5 | 16,541.0 | 10,288.1 | 3,431.8 | 3,320.8 | 4,893.1 | 4,122.7 | 1,716.2 | 1,152.2 | 549.1 | 1,070.7 | 1,339.8 | 1,001.2 | 824.0 | 767.2 | 787.8 | 827.6 | 924.9 | 633.9 | 533.4 | 585.1 | |||||||||
| Total Assets | 53,041.4 | 52,520.3 | 50,845.0 | 52,892.4 | 50,878.5 | 42,391.3 | 34,027.4 | 32,293.0 | 31,747.9 | 30,196.3 | 16,288.0 | 15,034.1 | 9,952.8 | 9,672.1 | 9,536.0 | 8,369.6 | 7,660.4 | 6,996.7 | 6,869.6 | 6,045.6 | 4,888.4 | 4,200.2 | 3,793.7 | 3,639 | |||||||||
| Total Debt | 4,767.7 | 4,587.7 | 4,364.0 | 4,934.7 | 2,988.9 | 2,352.4 | 1,930.5 | 1,602.5 | 1,382.6 | 1,213.1 | 1,131.3 | 1,465.9 | 884.0 | 677.6 | 1,082.5 | 556.2 | 461.7 | 432.0 | 404.1 | 299.2 | 174.1 | 111.4 | 370.2 | 166.5 | |||||||||
| Stockholders' Equity | 4,573.0 | 3,898.6 | 3,716.4 | 3,137.2 | 4,439.6 | 4,293.0 | 3,911.7 | 3,368.9 | 3,297.9 | 3,002.5 | 1,894.4 | 1,763.5 | 822.4 | 770.0 | 703.8 | 594.9 | 573.0 | 509.3 | 512.9 | 462.9 | 378.9 | 341.5 | 295.4 | 273.5 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 274.0 | 989.5 | 478.8 | 722.6 | 648.3 | 524.2 | 634.1 | 562.4 | 538.1 | 437.8 | 132.4 | 128.8 | 202.4 | 272.2 | 91.5 | 130.2 | 136.6 | 115.3 | 48.2 | 76.6 | 85.9 | 47.1 | 43 | ||||||||||
| Capital Expenditure | (146.7) | (127.8) | (158.6) | (102.5) | (65.8) | (95.4) | (206.7) | (79.3) | (34.1) | (53.6) | (18.1) | (15.4) | (12.5) | (40.9) | (17.5) | (25.2) | (20.3) | (18.8) | (18.1) | (21.4) | (6.4) | (16.4) | (13.3) | ||||||||||
| Free Cash Flow | 127.3 | 861.8 | 320.2 | 620.1 | 582.4 | 428.8 | 427.4 | 483.1 | 504.0 | 384.2 | 114.3 | 113.4 | 189.8 | 231.3 | 74.0 | 105.0 | 116.3 | 96.5 | 30.1 | 55.2 | 79.5 | 30.7 | 29.7 | ||||||||||