Cincinnati Financial Corporation logo CINF - Cincinnati Financial Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 9
HOLD 7
SELL 1
STRONG
SELL 0
| PRICE TARGET: $173.50 DETAILS
HIGH: $190.00
LOW: $157.00
MEDIAN: $173.50
CONSENSUS: $173.50
UPSIDE: 3.21%
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 2016 Q1 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
Revenue
Revenue 2,863 3,085 3,726 3,248 2,566 2,538 3,320 2,544 2,935 3,356 1,811 2,605 2,241 3,114 1,410 820 1,218 3,323 1,785 2,295 2,227 2,694 2,227 2,714 (99) 2,152 1,700 1,913 2,159 710 1,915 1,558 1,224 1,411 1,412 1,386 1,523 1,312 1,402 1,371 1,364 1,263 1,278 1,316 1,285 1,262 1,280 1,214 1,189 1,172 1,152 1,104 1,103 1,070 1,035 1,020 986 955 944 975 929 936 1,071 878 887 1,133 1,007 874 890 1,018 1,186 917 704 976 982 1,270 1,031 994 967 981 1,607 966 944 940 916 942 879 923 870 839 798 722 703 653.9 645 618 581.1 599.8 578.8 571.3
Cost of Revenue 1,751 1,472 1,540 1,660 1,968 1,330 1,578 1,480 1,349 1,204 1,332 1,340 1,398 1,246 1,418 1,322 1,032 946 1,072 915 1,003 902 1,143 1,086 1,003 910 932 936 860 874 879 883 854 809 874 854 853 0 753 821 724 677 670 712 749 675 686 763 732 664 642 631 568 0 571 687 582 492 656 801 575 (2,820) 575 595 516 (2,750) 498 658 574 0 562 584 530 438 565 483 469 538 544 539 487 437 523 454 470 421 531 472 452 (2,138) 484 (1,919) 485 431.1 416 349 496.8 409.1 324.1 313.3
Gross Profit 1,112 1,613 2,186 1,588 598 1,208 1,742 1,064 1,586 2,152 479 1,265 843 1,868 (8) (502) 186 2,377 713 1,380 1,224 1,792 1,084 1,628 (1,102) 1,242 768 977 1,299 (164) 1,036 675 370 602 538 532 670 1,312 649 550 640 586 608 604 536 587 594 451 457 508 510 473 535 1,070 464 333 404 463 288 174 354 3,756 496 283 371 3,883 509 216 316 1,018 624 333 174 538 417 787 562 456 423 442 1,120 529 421 486 446 521 348 451 418 2,977 314 2,641 218 222.7 229 269 84.4 190.7 254.8 258.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 764 3,365 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 0 0 0 4 (11) 4 3 4 6 4 4 6 267 5 6 241 254 226 247 258 263 243 240 249 0 234 238 217 215 220 217 223 196 185 179 160 143.8 151 140 141.1 132.7 128.2 126.5
Other Expenses 9 (2,592) 773 733 726 729 702 678 633 662 627 599 575 581 569 551 537 531 529 508 456 476 470 483 474 461 474 447 432 417 418 411 420 405 409 404 394 1,312 396 384 375 370 365 356 362 351 335 344 338 341 328 325 318 784 312 304 288 277 277 273 275 936 271 259 282 1,127 261 262 276 751 263 263 33 31 31 32 33 21 32 27 37 268 36 33 34 35 15 20 (6) 650 22 543 27 40.2 27 32 26.1 66.8 29.9 27.9
Operating Expenses 773 773 773 733 726 729 702 678 633 662 627 599 575 581 569 551 537 531 529 508 456 476 470 483 474 461 474 447 432 417 418 411 420 405 409 404 394 1,312 396 384 375 370 365 356 362 351 335 344 338 341 328 325 318 784 312 304 292 277 277 273 279 936 275 262 286 1,133 265 266 282 1,018 268 269 274 285 257 279 291 284 275 267 286 268 270 271 251 250 235 237 217 839 207 722 187 184.1 178 172 167.1 199.4 158.1 154.5
Operating Income
Operating Income 339 840 1,413 855 (128) 479 1,040 386 953 1,490 (148) 666 268 1,287 (577) (1,053) (351) 1,846 184 872 768 1,316 614 1,145 (1,576) 781 294 530 867 (581) 618 264 (50) 197 129 128 276 0 253 166 265 216 243 248 174 236 259 107 119 167 182 148 217 286 152 29 112 186 11 (99) 75 (14) 221 21 85 (13) 244 (50) 34 (14) 356 64 (100) 253 160 508 271 172 148 175 834 261 151 215 195 271 113 214 201 (9) 107 (9) 31 38.6 51 97 (82.8) (8.7) 96.6 103.5
Interest Expense 13 34.7 13 14 13 13 13 14 13 14 13 13 14 13 14 13 13 14 13 13 13 14 13 14 13 13 14 13 13 13 14 13 13 14 13 13 13 14 13 13 13 13 14 13 13 13 13 13 14 14 13 14 13 13 14 13 14 14 13 14 13 14 13 13 14 13 14 14 14 14 14 13 12 13 13 13 13 14 13 13 13 12 13 13 13 11 11 9 8 9 8 9 9 8.8 10 10 7.6 9.0 10.0 9.2
Interest Income 0 308 296 284 277 278 255 242 241 236 223 217 206 206 195 196 188 188 182 177 176 175 168 167 165 169 160 161 157 0 156 156 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 379 895 1,459 915 (68) 507 1,092 442 1,000 1,528 (121) 713 322 1,346 (539) (999) (301) 1,884 220 908 804 1,349 647 1,179 (1,541) 812 326 560 899 (553) 648 291 (19) 226 155 154 303 156 276 191 290 242 269 274 201 262 285 132 146 201 205 173 239 298 176 53 137 204 39 (73) 99 158 247 41 109 346 265 (30) 56 225 378 88 (80) 276 183 530 291 198 171 196 855 284 172 235 215 287 140 222 217 161 122 59 46 53.6 67 114 (69.4) 4.5 109.9 117.7
EBIT 339 853 1,426 869 (115) 492 1,053 400 966 1,504 (135) 679 282 1,300 (563) (1,040) (338) 1,860 197 885 781 1,330 627 1,159 (1,563) 794 308 543 880 (568) 632 277 (37) 211 142 141 289 142 266 179 278 229 257 261 187 249 272 120 133 181 195 162 230 286 166 42 126 200 24 (85) 88 174 234 34 99 355 258 (36) 48 220 370 77 (88) 266 173 521 284 186 161 188 847 273 164 228 208 282 124 223 209 170 115 64 40 47.5 61 107 (75.2) 0.3 106.6 112.7
Income Before Tax 326 840 1,413 855 (128) 479 1,040 386 953 1,490 (148) 666 268 1,287 (577) (1,053) (351) 1,846 184 872 768 1,316 614 1,145 (1,576) 781 294 530 867 (581) 618 264 (50) 197 129 128 276 128 253 166 265 216 243 248 174 236 259 107 119 167 182 148 217 273 152 29 112 186 11 (99) 75 174 221 21 85 355 244 (50) 34 220 356 64 (100) 253 160 508 271 172 148 175 834 261 151 215 195 271 113 214 201 170 107 64 31 38.6 51 97 (82.8) (8.7) 96.6 103.5
Income Tax Expense 52 164 291 170 (38) 74 220 74 198 307 (49) 132 43 274 (161) (235) (85) 376 31 169 148 267 130 236 (350) 155 46 102 172 (129) 65 47 (19) (445) 27 28 75 28 73 43 77 60 69 72 46 69 76 23 28 45 51 38 63 81 41 (3) 26 52 (8) (49) 14 48 65 (6) 17 110 73 (31) (1) 59 109 1 (58) 67 36 157 77 42 33 43 282 78 34 57 51 79 23 59 55 41 23 8 (4) 3.0 2 24 (41.5) (14.3) 21.9 24.2
Net Income 274 676 1,122 685 (90) 405 820 312 755 1,183 (99) 534 225 1,013 (416) (818) (266) 1,470 153 703 620 1,049 484 909 (1,226) 626 248 428 695 (452) 553 217 (31) 642 102 100 201 100 180 123 188 156 174 176 128 167 183 84 91 122 131 110 154 192 111 32 86 134 19 (50) 61 126 156 27 68 245 171 (19) 35 161 247 63 (42) 186 124 351 194 130 115 132 552 183 117 158 144 192 90 155 146 129 84 56 35 35.7 49 73 (41.3) 5.6 74.7 79.4
Per Share Data
EPS (Basic) 1.77 4.19 7.18 4.38 -0.58 2.59 5.25 2.00 4.82 7.54 -0.63 3.40 1.43 6.45 -2.63 -5.13 -1.70 9.14 0.95 4.36 3.85 6.52 3.01 5.65 -7.56 3.84 1.51 2.62 4.26 -2.78 3.40 1.33 -0.19 3.92 0.62 0.61 1.22 0.61 1.09 0.75 1.14 0.95 1.06 1.07 0.78 1.03 1.12 0.51 0.56 0.75 0.80 0.67 0.95 1.18 0.69 0.20 0.53 0.83 0.12 -0.30 0.38 0.77 0.95 0.17 0.42 1.50 1.05 -0.12 0.22 0.98 1.51 0.38 -0.26 1.08 0.72 2.04 1.12 0.74 0.67 0.77 3.17 1.05 0.67 0.90 0.82 1.10 0.51 0.88 0.83 0.73 0.48 0.31 0.20 0.20 0.27 0.41 -0.23 0.03 0.42 0.44
EPS (Diluted) 1.75 4.30 7.11 4.34 -0.58 2.57 5.20 1.98 4.78 7.50 -0.63 3.38 1.42 6.40 -2.63 -5.13 -1.70 9.04 0.94 4.31 3.82 6.47 2.99 5.63 -7.56 3.79 1.49 2.59 4.26 -2.78 3.38 1.32 -0.19 3.88 0.61 0.60 1.21 0.60 1.08 0.74 1.13 0.94 1.05 1.06 0.77 1.02 1.11 0.51 0.55 0.74 0.79 0.66 0.94 1.17 0.68 0.20 0.53 0.83 0.12 -0.31 0.38 0.77 0.95 0.17 0.42 1.50 1.05 -0.12 0.22 0.98 1.50 0.38 -0.26 1.08 0.72 2.02 1.11 0.74 0.66 0.76 3.13 1.05 0.66 0.89 0.81 1.10 0.50 0.87 0.82 0.73 0.48 0.31 0.19 0.20 0.27 0.40 -0.23 0.03 0.41 0.44
Shares Outstanding 154.8 157.7 156.3 156.3 156.4 156.2 156.2 156.3 156.8 157.7 156.9 157 157.2 157.9 158 159.6 160.4 162.5 161.1 161.1 161 162.1 160.9 160.8 162.2 164.9 165.6 163.3 164.6 162.6 162.7 163.2 164 165.6 164 164.3 164.6 166.5 164.6 166.2 166 165.7 165.5 165.5 165.6 165.3 164.9 163.5 165 165.7 165.6 165.4 163.8 164.2 163.2 162.4 162.3 162.7 162.5 163.1 162.9 161.4 163.2 163.3 163.3 162.0 162.9 162.7 162.7 161.1 164.2 165.0 165.1 172.4 172.4 173.4 174.3 167.1 175.3 175.0 176.1 174.6 176.8 177.1 177.9 175 176.5 176.1 175.9 176.4 176.4 178.6 175.4 175.7 177.5 179.7 176.0 176.1 178.2 178.6
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 2016 Q1 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 1,210 1,431 1,460 995 1,010 983 1,752 771 619 907 899 748 955 1,264 1,083 1,098 987 1,139 1,085 1,003 947 900 914 706 486 767 787 803 802 784 616 521 604 657 674 606 543 777 700 547 613 325 402 557 254 515 183 285 162 91 103 128 112 171 137.2 42.9 67.3 60 23.9 37.2 54.5 339.6 48 66 60 58.6 98 144 76 80.2 78 63 30 59.9 55 10 13 20.0 39 43 33 48.3 41 20 29 48.1 0 0 0
Short-Term Investments 49 18,271 1,001 1,182 1,222 16,480 1,194 1,171 963 13,791 814 12,870 12,678 12,132 11,734 11,933 12,376 13,022 12,908 12,789 12,308 12,338 12,157 11,911 11,340 11,698 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 12 13 37 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 3,463 4,178 4,366 4,513 4,317 3,834 3,875 3,949 3,730 3,543 3,638 3,704 3,461 3,239 3,203 3,243 3,043 2,865 2,894 2,959 2,792 2,627 2,675 2,796 2,667 2,597 2,566 2,634 2,512 2,331 2,331 2,349 2,234 2,216 2,346 2,367 2,305 2,263 2,244 2,270 2,181 1,127 1,106 1,070 1,149 1,156 1,258 1,242 1,219 1,141 1,098 1,030 989 883 739.5 733.7 687.5 683 256.3 226.9 216.8 555.5 182.3 175.9 167 196.5 172 172.9 160.5 190.3 162.9 163.4 159.2 188.9 154.5 173.9 162.6 181.4 161.8 145.5 141.2 158.1 138.5 138.7 131.5 147.4 133.9 0 183.3
Inventory 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 627 0 0 0 0 0 0 (6,012) (5,389) (18,296) (5,420) (17,417) (17,151) (16,686) (16,111) (16,387) (16,485) (17,104) (16,974) (16,856) (16,115) (15,930) (15,819) (15,504) (14,550) (15,116) (15,013) (14,827) (14,386) (13,848) (13,651) (13,545) (13,405) (13,614) (13,604) (13,523) (13,201) (13,187) (13,269) (13,028) (12,728) (1,468) (1,524) (1,648) (1,429) (1,699) (1,490) (1,541) (1,395) (1,245) (1,226) (1,197) (1,148) (1,054) (895.6) (795.7) (774.0) (758) (306.4) (288.6) (295.3) (919.7) (182.3) (175.9) (167) (281.6) (172) (172.9) (160.5) (294.0) (162.9) (163.4) (159.2) (271.8) (154.5) (173.9) (162.6) (223.3) (161.8) (145.5) (141.2) (230.5) (138.5) (138.7) (131.5) (219.5) (133.9) 0 (183.3)
Total Current Assets 5,454 23,951 6,927 6,820 6,642 21,367 6,915 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 214 219 213 214 216 214 215 213 211 208 199 198 199 202 204 201 203 205 209 213 213 213 211 209 208 207 207 207 202 195 191 188 186 185 186 184 181 183 184 186 188 243 249 251 249 236 227 134 132 153 124 125 128 131 129.3 132.9 121.1 122 120.7 118.2 115.4 107.8 96.9 70.4 50.3 53.6 55.1 55.5 55.1 52.6 40.9 40.8 39.2 50.1 37.7 35.3 33.5 33.1 32.6 33.6 32.6 32.7 32.9 33 32.4 31.3 32.7 33.2 33.5
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,384 1,344 1,360 1,367 1,297 1,242 1,241 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 31,952 13,512 30,098 28,387 27,259 11,898 26,910 26,043 25,641 24,780 22,874 23,372 22,645 21,973 20,574 21,443 23,051 24,337 22,795 22,686 21,668 21,194 20,024 19,228 17,565 19,450 18,776 18,332 17,593 16,609 17,323 16,836 16,614 16,948 16,565 16,301 15,977 15,419 15,561 15,380 14,825 10,950 10,919 10,562 9,631 8,794 13,201 12,082 12,474 12,449 11,822 10,617 11,189 10,972 11,369.7 11,436.6 10,623.1 11,247 10,444.9 9,360.4 9,573.4 10,128.3 0 0 0 10,267.0 0 0 0 8,750.5 0 0 0 6,302.0 0 0 0 5,488.8 0 0 0 4,173.4 0 0 0 4,078.5 0 0 0
Other Non-Current Assets 1,870 1,976 1,969 2,054 1,862 1,780 1,728 (26,256) (25,852) (24,988) (23,073) (23,570) (22,844) (22,175) (20,778) (21,644) (23,254) (24,542) (23,004) (22,899) (21,881) (21,407) (20,235) (19,437) (17,773) (19,657) (18,983) (18,539) (17,795) (16,804) (17,514) (17,024) (16,800) (17,133) (16,751) (16,485) (16,158) (15,602) (15,745) (15,566) (15,013) (11,193) (11,168) (10,813) (9,880) (9,030) (13,428) (12,216) (12,606) (12,602) (11,946) (10,742) (11,317) (11,103) (11,498.9) (11,569.4) (10,744.2) (11,369) (10,565.5) (9,478.6) (9,688.8) (10,236.1) (96.9) (70.4) (50.3) (10,320.7) (55.1) (55.5) (55.1) (8,803.0) (40.9) (40.8) (39.2) (6,352.1) (37.7) (35.3) (33.5) (5,521.8) (32.6) (33.6) (32.6) (4,206.0) (32.9) (33) (32.4) (4,109.8) (32.7) (33.2) (33.5)
Total Non-Current Assets 35,757 17,051 33,640 32,022 30,634 15,134 30,094 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Assets 41,211 41,002 40,567 38,842 37,276 36,501 37,009 34,802 33,727 32,769 30,915 31,352 30,474 29,732 28,199 29,192 30,250 31,387 29,907 29,677 28,313 27,542 26,370 25,450 23,367 25,408 24,742 24,337 23,352 21,935 22,480 21,760 21,470 21,843 21,592 21,238 20,753 20,386 20,455 20,151 19,447 14,607 14,616 14,440 13,522 13,108 17,622 15,530 15,738 15,509 14,930 13,553 14,059 13,684 13,558.9 13,557.7 12,695.2 13,287 11,789.2 10,701.5 10,563.9 11,807.7 10,405.5 11,063.5 10,855.2 11,086.5 9,939 10,484 10,060.7 9,493.4 8,640.7 7,979 7,480.5 7,045.5 6,652.2 6,406 6,412.8 6,109.3 5,656.7 5,367.1 5,056.6 4,734.3 4,777.4 4,632.2 4,579.6 4,602.3 4,563.9 4,404.4 4,292.6
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 25 25 25 25 25 25 25 25 25 25 25 25 50 50 44 44 49 54 59 59 57 54 123 122 114 39 38 37 32 32 30 61 24 24 17 17 17 20 20 28 35 49 49 49 49 49 69 92 186 183 183 183 183 183 175 175 158 170 158 173 137 118 0 0 0 0 0 0 0 280.6 0 0 0 262.1 0 0 0 221.0 0 0 0 129.1 0 0 0 78.1 0 0 67.1
Deferred Revenue 5,424 5,254 5,423 5,444 5,068 4,813 4,874 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 13,124 13,340 13,052 12,656 12,269 11,479 11,528 (25) (25) (25) (25) (25) (50) (50) (44) (44) (49) (54) (59) (59) (57) (54) (123) (122) (114) (39) (38) (37) (32) (32) (30) (61) (24) (24) (17) (17) (17) (20) (20) (28) (35) (49) (49) (49) (49) (49) (69) (92) (186) (183) (183) (183) (183) (1,894) (2,185.0) (2,229.8) (158) (170) (1,949.4) (1,650.3) (1,591.0) (118) 0 0 0 0 0 0 0 (280.6) 0 0 0 (262.1) 0 0 0 (221.0) 0 0 0 (129.1) 0 0 0 (78.1) 0 0 (67.1)
Total Current Liabilities 18,573 18,619 18,500 18,125 17,362 16,317 16,427 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 859 790 790 790 790 790 849 849 848 790 790 789 789 789 843 841 841 789 845 848 848 788 844 845 846 788 847 847 845 788 830 828 829 787 826 826 825 787 827 825 825 790 790 790 790 790 791 420 420 420 420 420 420 420 432.5 433.2 449.1 449 450.4 451.0 456.0 456.4 545.6 512.7 480.4 471.5 472.4 473.8 337.8 58.4 356.1 353.6 343.8 79.8 332.8 332.7 301.5 80 277.6 277.1 219.6 80 199.1 188.8 168.6 80 147.3 147.2 80
Deferred Tax Liabilities 1,710 1,833 1,792 1,584 1,489 1,476 1,600 1,465 1,460 1,324 997 1,158 1,104 1,054 780 1,069 1,460 1,744 1,453 1,495 1,373 1,299 1,077 979 660 1,079 972 932 817 0 797 650 652 0 1,087 1,021 946 0 879 0 0 0 0 0 0 0 0 0 0 0 0 1,499 0 0 0 0 1,797.8 2,057.6 0 0 0 1,719.7 0 0 0 1,809.0 0 0 0 1,406.5 0 0 0 676.9 0 0 0 487.8 0 0 0 195.4 0 0 0 290.9 0 0 0
Other Non-Current Liabilities 4,355 3,778 4,011 3,973 3,854 3,923 4,329 (2,314) (2,308) (2,173) (1,841) (2,000) (1,949) (1,895) (1,623) (1,910) (2,301) (2,587) (2,298) (2,343) (2,221) (2,144) (1,921) (1,824) (1,506) (1,924) (1,819) (1,779) (1,662) (1,461) (1,627) (1,478) (1,481) (1,572) (1,913) (1,847) (1,771) (1,691) (1,706) (1,669) (1,576) (935) (996) (942) (790) (790) (2,078) (2,277) (2,323) (2,369) (2,279) (1,919) (2,157) (420) (432.5) (433.2) (2,246.8) (2,507) (450.4) (451.0) (456.0) (2,176.0) (545.6) (512.7) (480.4) (2,280.5) (472.4) (473.8) (337.8) (1,464.9) (356.1) (353.6) (343.8) (756.7) (332.8) (332.7) (301.5) (567.8) (277.6) (277.1) (219.6) (275.4) (199.1) (188.8) (168.6) (370.9) (147.3) (147.2) (80)
Total Non-Current Liabilities 6,924 6,472 6,661 6,416 6,196 6,249 6,778 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Liabilities 25,497 25,091 25,161 24,541 23,558 22,566 23,205 22,025 21,073 20,671 20,291 20,322 19,733 19,170 18,768 18,639 18,158 18,282 18,066 17,819 17,175 16,753 16,625 16,192 15,325 15,544 15,371 15,206 14,722 14,102 14,146 13,844 13,524 13,600 14,069 13,865 13,497 13,326 13,334 13,180 12,712 9,870 9,751 9,680 9,378 9,227 11,084 9,427 9,539 9,305 9,060 8,394 8,461 8,167 7,633.4 7,545.3 7,164.0 7,292 6,284.9 5,832.9 5,760.8 6,386.4 5,363.9 5,530 5,448.2 5,465.6 5,046.2 5,215.9 4,995.3 4,776.5 4,496.4 4,237.6 4,046.6 3,882.6 3,732.4 3,600.6 3,577.1 3,451.3 3,263.5 3,109.7 2,955.5 2,794.2 2,781.8 2,692.8 2,669.4 2,654.9 2,618.4 2,524.6 2,468.9
Stockholders' Equity
Common Stock 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 397 1,477 393 393 1,468 393 392 370 352 352 352 352 352 352 349.0 348.2 345.9 346 345.5 345.3 344.5 343.7 0 0 0 340.9 0 0 0 338.8 0 0 0 111.7 0 0 0 106.2 0 0 0 100.9 0 0 0 100.6 0 0 0
Retained Earnings 16,848 16,719 16,179 15,193 14,644 14,869 14,591 13,897 13,712 13,084 12,018 12,235 11,818 11,711 10,797 11,324 12,241 12,625 11,257 11,205 10,603 10,085 9,132 8,745 7,932 9,257 8,722 8,566 8,229 7,625 8,164 7,696 7,565 5,180 5,193 5,174 5,156 5,037 5,016 4,915 4,871 3,828 3,865 3,862 3,575 3,551 3,277 1,836 2,088 1,986 1,833 1,789 1,772 1,751 1,675.6 1,673.8 1,658.8 1,620 1,691.8 1,716.8 1,672.7 1,623.9 1,604.6 1,575.4 1,517.3 1,480.9 1,460.9 1,433.6 1,400.3 1,341.7 1,291.9 1,237.5 1,184.2 1,132.9 1,090.5 1,064.2 1,030.4 1,156.6 1,124.3 1,083.7 1,046.6 1,133.1 1,103.1 1,071.7 1,028.7 996.4 963.4 941.7 893.6
Accumulated Other Comprehensive Income (185) (34) (84) (249) (271) (309) (150) (470) (442) (435) (827) (626) (527) (614) (828) (423) 59 648 663 731 625 769 686 597 204 448 442 364 210 22 (4) 55 115 2,788 2,047 1,925 1,780 1,693 1,752 1,714 1,531 636 722 624 304 69 2,735 3,778 3,985 4,084 3,897 3,219 3,643 3,581 4,041.6 4,118.3 3,661.2 4,156 3,591.6 2,926.1 2,904.1 3,530.1 0 0 0 3,678.0 0 0 0 2,905.8 0 0 0 1,527.7 0 0 0 1,159.4 0 0 0 601.2 0 0 0 748.5 0 0 0
Total Stockholders' Equity 15,714 15,911 15,406 14,301 13,718 13,935 13,804 12,777 12,654 12,098 10,624 11,030 10,741 10,562 9,431 10,553 12,092 13,105 11,841 11,858 11,138 10,789 9,745 9,258 8,042 9,864 9,371 9,131 8,630 7,833 8,334 7,916 7,946 8,243 7,523 7,373 7,256 7,060 7,121 6,971 6,735 4,737 4,865 4,760 4,144 3,881 6,538 6,103 6,199 6,204 5,870 5,159 5,598 5,517 5,925.6 6,012.3 5,531.3 5,995.0 5,504.3 4,868.5 4,803.1 5,421.3 5,041.6 5,533.5 5,407 5,620.9 4,892.8 5,268.1 5,065.4 4,717.0 4,144.3 3,741.4 3,433.9 3,162.9 2,919.8 2,805.4 2,835.7 2,658.0 2,393.2 2,257.4 2,101.1 1,940.0 1,995.6 1,939.4 1,910.2 1,947.3 1,945.5 1,879.8 1,823.7
Total Liabilities & Equity 41,211 41,002 40,567 38,842 37,276 36,501 37,009 34,802 33,727 32,769 30,915 31,352 30,474 29,732 28,199 29,192 30,250 31,387 29,907 29,677 28,313 27,542 26,370 25,450 23,367 25,408 24,742 24,337 23,352 21,935 22,480 21,760 21,470 21,843 21,592 21,238 20,753 20,386 20,455 20,151 19,447 14,607 14,616 14,440 13,522 13,108 17,622 15,530 15,738 15,509 14,930 13,553 14,059 13,684 13,558.9 13,557.7 12,695.2 13,287 11,789.2 10,701.5 10,563.9 11,807.7 10,405.5 11,063.5 10,855.2 11,086.5 9,939 10,484 10,060.7 9,493.4 8,640.7 7,979 7,480.5 7,045.5 6,652.2 6,406 6,412.8 6,109.3 5,656.7 5,367.1 5,056.6 4,734.3 4,777.4 4,632.2 4,579.6 4,602.3 4,563.9 4,404.4 4,292.6
Debt Metrics
Total Debt 884 886 883 884 878 875 874 874 873 874 869 867 895 891 887 885 890 897 904 907 905 899 967 967 960 884 885 884 877 866 860 889 853 851 843 843 842 846 847 853 860 839 839 839 839 839 860 512 606 603 603 603 603 603 607.5 608.2 607.1 619.2 608.4 624.0 593.0 574.4 545.6 512.7 480.4 471.5 472.4 473.8 337.8 339.0 356.1 353.6 343.8 341.9 332.8 332.7 301.5 301.0 277.6 277.1 219.6 209.1 199.1 188.8 168.6 158.1 147.3 147.2 147.1
Net Debt (326) (545) (577) (111) (132) (108) (878) 103 254 (33) (30) 119 (60) (373) (196) (213) (97) (242) (181) (96) (42) (1) 53 261 474 117 98 81 75 82 244 368 249 194 169 237 299 69 147 306 247 514 437 282 585 324 677 227 444 512 500 475 491 432 470.3 565.3 539.8 559 584.6 586.8 538.5 234.8 497.6 446.7 420.4 412.9 374.4 329.8 261.8 258.8 278.1 290.6 313.8 282.0 277.8 322.7 288.5 281.0 238.6 234.1 186.6 160.9 158.1 168.8 139.6 110.0 147.3 147.2 147.1
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 2016 Q1 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 274 676 1,122 685 (90) 405 820 312 755 1,183 (99) 534 225 1,013 (416) (818) (273) 1,470 153 703 620 1,049 484 909 (1,226) 626 248 428 695 (452) 553 217 (31) 642 102 100 201 100 180 123 188 117 158 144 155 146 129 104 84 57 56 72 35 75 35.7 35 49.0 (41.3) 5.6 74.7 79.4 46.9 57.0 86.2 64.5 45.7 52.9 58.8 84.2 72.5 77 75.9 74 63.0 47 54.4 59.4 50.4 58.6 55.2 63.2 46.1 47.5 59.1 48.5 47.1 35.8 62.1 57.2
Depreciation & Amortization 40 42 33 46 47 15 39 42 34 24 14 34 40 46 26 41 29 24 23 23 23 19 20 20 22 18 18 17 19 15 16 14 18 15 13 13 14 14 10 12 12 8 7 7 (1) 8 10 6 7 7 8 2 6 6 6.2 6 5.5 5.8 4.2 3.3 5.0 5.7 3.6 3.4 3.3 3.5 3 2.7 2.6 3.7 2.8 2.3 2.5 4 1.8 1.9 (0.6) 2.9 2.2 2.1 2.4 3.1 2.5 2.1 2.2 3 2.5 2.6 2.4
Stock-Based Compensation 27 (5) 3 26 0 51 0 0 0 0 0 2 0 (2) 9 9 11 8 8 8 9 7 8 7 9 7 7 7 9 6 6 7 9 7 5 6 8 5 5 6 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 278 264 (294) (264) 264 162 747 500 24 176 372 348 41 396 543 427 (127) 74 353 233 80 74 440 346 (25) 94 184 102 (18) 178 67 147 3 98 176 171 25 93 171 129 86 101 23 18 71 140 16 168 127 63 (21) 157 70 99 (31.3) 165 56 33.1 59.2 (40.8) 101.8 243.3 27.2 (93) 119.1 (34.3) 303.4 (253) 83 (103.1) 255.4 (30.8) 75.7 157.5 43.4 (4.7) (27.2) (137.1) 342.6 (111.2) 78.8 (72.5) 96.5 46.4 90.2 93 329 (3.8) 13.8
Other Non-Cash Items 119 (57) 87 159 85 91 (743) (125) (597) (1,027) 469 (424) (83) (1,038) 684 1,163 684 (1,408) 88 (498) (490) (978) (522) (1,048) 1,740 (524) (71) (352) (649) 785 (443) (89) 202 20 5 22 (147) 49 (43) (31) (48) (9) (6) (20) (50) (1) (35) (9) 3 75 66 21 15 13 51.9 7.7 (2.5) 30.4 53.0 (3.1) (14.5) 118.8 15.8 37.4 (51.4) 98.2 (265.5) 148.1 (46.3) 130.0 (208.1) 26.4 (17.4) (186.4) 53.8 (8.2) 58.5 179.9 (291) 126.7 (32.1) 133.4 (54) (62.7) (46.5) (49.1) (276.4) 7.5 56.6
Operating Cash Flow 656 947 1,114 741 310 642 912 742 353 577 650 575 250 631 666 557 198 463 601 563 354 372 505 447 167 328 404 276 200 355 362 310 154 306 301 309 136 279 334 234 257 233 182 150 132 300 120 272 217 219 108 254 113 192 41.6 201 101 39.5 106.3 36.6 174.2 414.8 108.9 31.9 132.2 103.9 88.2 (42.2) 123.7 91.1 131.5 65.5 138.9 35.5 143.7 41.9 87.2 89.5 107.2 79 109.7 108.1 89.4 44.9 83.4 101.4 94.4 68 99.4
Investing Activities
Capital Expenditure (2) (10) 7 (4) (3) (4) (6) (5) (7) (8) (2) (4) (4) (3) (4) (4) (4) (3) (3) (4) (5) (4) (6) (6) (4) (2) (9) (8) (5) (6) (5) (6) (3) (2) (5) (7) (2) (4) (2) (4) (3) (11) (13) (10) (1) (4) (24) (3) (6) (5) (7) (2) (7) (11) (2.6) (5.1) (4) (17.0) (8.8) (3.0) (14.9) (47.3) (30.5) 21.4 (45.7) (34.8) (3.3) (3.8) (5.9) (5.7) (3.5) (4.7) (2.6) (6.5) (5) (4.2) (2.9) (3.6) (1.6) (3.3) (2.3) (3.0) (2.5) (2.7) (3.2) (1.5) (2.1) (2.2) (1.8)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (2,029) (2,926) 1,868 (1,421) (766) (2,313) (2,224) (843) (1,080) (805) (621) (829) (662) (578) (683) (636) (571) (564) (751) (841) (545) (399) (604) (646) (482) (454) (724) (667) (351) (411) (513) (512) (553) (685) (405) (439) (722) (573) (526) (723) (129) (337) (238) (655) (354) (456) (439) (357) (311) (374) (327) (222) (145) (270) (238.8) (158.3) (210) (228.7) (11.9) (142.0) (688.3) (129.4) (156.9) (219.1) (176.2) (200.0) (275.5) (220.4) (265.6) (265.1) (235.5) (269.2) (272.9) (243.9) (239.4) (218.4) (222.2) (195.1) (226.5) (295.7) (269.4) (216.7) (207.7) (163.7) (256.9) (260.2) (186.9) (213.5) (270.4)
Sales/Maturities of Investments 1,459 1,583 (1,583) 869 714 1,115 2,487 469 730 448 309 278 307 299 364 473 407 401 387 472 401 263 439 555 349 303 424 518 301 347 406 311 502 593 285 363 477 505 443 525 514 93 202 350 474 283 252 233 151 233 146 79 119 117 180.9 104.4 108 264.4 (49.2) 91.0 293.0 127.5 94.6 186.1 167.3 124.8 180.8 220.5 162.9 193.7 162 276.8 149 234.7 176.9 164.8 147.9 84.4 136.1 189.8 151.5 124.6 146.4 108.7 162.2 150.7 122.2 172.7 160.3
Other Investing Activities 79 676 (695) 0 (3) (5) (6) (6) 2 (5) (4) (3) (3) (5) 1 5 6 0 2 0 (4) (8) 1 (9) 1 0 (1) (3) (1) (1) (3) (4) 0 (5) (1) (4) 1 2 6 3 (490) (7) (4) 8 (6) (6) 12 (1) (3) 0 (1) (2) (1) (3) 2.1 (0.0) (0.2) (0.2) 1.1 0.4 0.9 5.5 (2.7) (0.3) 0.3 5.5 (1.4) (2.6) (1.9) 2.7 (2.5) (3.6) (1.5) 0.9 (6.7) 0.5 (1.3) (0.8) (1.3) (1.2) (0.8) (0.2) (0.3) (0.9) (1.8) (0.8) 0.5 (2.6) 2.2
Investing Cash Flow (493) (674) (403) (556) (58) (1,207) 251 (385) (355) (370) (318) (558) (362) (287) (322) (162) (162) (166) (365) (373) (153) (148) (170) (106) (136) (153) (310) (160) (56) (71) (115) (211) (54) (99) (126) (87) (246) (70) (79) (199) (108) (262) (53) (307) 113 (183) (199) (128) (169) (146) (189) (147) (34) (167) (58.4) (59) (105) 18.5 (68.8) (53.6) (409.3) (43.7) (95.5) (11.8) (54.3) (104.5) (99.4) (6.3) (110.5) (74.3) (79.5) (0.7) (128) (14.8) (74.2) (57.3) (78.5) (115.1) (93.3) (110.4) (121) (95.2) (64.1) (58.6) (99.7) (111.8) (66.3) (45.6) (109.7)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 (25) 0 6 0 (5) (5) (5) 0 2 3 (69) 1 8 75 1 1 5 0 2 (31) 0 0 7 0 0 (3) 0 (8) (7) 0 0 0 0 (80) 2 0 0 0 0 0 0 0 0 8 0 17 12 (15) 36 19 35 33 40 10 419.5 (420.9) 139.9 0.5 3.6 2.5 10.5 1.9 9.3 0.1 31.2 0.5 23.4 0.5 57.5 10.5 10.1 10.2 20.3 10.5 10.8 0 0.2 0.1
Stock Repurchased (179) (103) 42 0 (42) (5) 0 (46) (75) 0 (1) (41) (25) (11) (203) (151) (45) (104) (12) 0 (28) (5) 0 0 (256) (62) (5) 0 0 0 0 (110) (15) (22) 0 (55) (15) (37) 0 (2) 0 (6) (34) (3) 1 0 (6) (3) (12) (34) (6) (25) (4) (7) (6.7) (20) (8) (4.4) (6.0) (6.4) (49.7) (87.8) (38.1) (28.8) (62.4) (14.3) (9.4) 0 0 1.1 (18.3) (20.4) (23.1) (5.2) 0 0 0 0 0 0 0 0 0 0 (0.1) 0 0 0 0
Dividends Paid (133) (133) (134) (133) (125) (125) (124) (125) (116) (116) (115) (117) (106) (107) (108) (109) (99) (100) (100) (100) (95) (95) (95) (95) (90) (90) (90) (90) (85) (85) (85) (86) (80) (161) (81) (81) (77) (77) (78) (77) (74) (53) (52) (46) (44) (40) (40) (40) (40) (36) (35) (37) (36) (34) (33.7) (35) (33) (30.6) (30.6) (30.5) (27.6) (27.9) (28.1) (28.1) (25.6) (25.6) (25.6) (25.6) (22.7) (22.5) (22.6) (22.7) (20.6) (20.9) (20.7) (19.6) (18) (18.0) (18) (17.4) (16.1) (16.1) (16.1) (16.1) (14.1) (14) (14.1) (14) (13)
Other Financing Activities 76 (68) (148) (69) (62) (74) (61) (34) (95) (85) (65) (41) (66) (51) (48) (21) (43) (34) (42) (40) (34) (69) (33) (34) (41) (44) (16) (30) (41) (35) (38) 14 (58) (48) (26) (23) (35) (18) (18) (15) (6) 14 12 17 1 (9) (4) 16 (21) 13 108 5 1 4 5.3 7 4 1.4 0.7 0.8 8.3 7.1 1.2 2.9 1.7 10.4 (0.1) (0.1) 0.1 6.5 (0.1) 0.1 0 3.5 0 0 (0.1) 4.1 0 0 0 3.8 0 (0.1) 0 (0.1) 0.2 (0.1) 0
Financing Cash Flow (384) (302) (246) (200) (225) (204) (182) (205) (286) (199) (181) (224) (197) (163) (359) (284) (188) (243) (154) (134) (154) (238) (127) (121) (312) (195) (110) (115) (126) (116) (152) (182) (153) (224) (107) (159) (124) (132) (104) (101) (80) (45) (74) (32) (122) (46) (50) (27) (73) (57) 67 (57) (39) (37) (27.1) (48) (20) (21.6) (50.9) (0.2) (50.0) (79.3) (32.0) (14.0) (76.3) (38.6) (35.3) 116.8 (17.4) (14.6) (37.4) (31.7) (40.5) (16.2) (24.3) 12.3 (15.5) 6.8 (17.8) 41 (3.8) (5.4) (5) 4.8 (2.5) 2.9 (13.3) (10.6) (10.7)
Cash Position
Net Change in Cash (221) (29) 465 (15) 27 (769) 981 152 (288) 8 151 (207) (309) 181 (15) 111 (152) 54 82 56 47 (14) 208 220 (281) (20) (16) 1 18 168 95 (83) (53) (17) 68 63 (234) 77 153 (66) 69 (74) 55 (189) 123 71 (129) 117 (25) 16 (59) 50 40 (12) (44.2) 94 (24) 36.4 (13.4) (17.2) (285.1) 291.9 (18.5) 6.1 1.6 (38.6) (35.3) 116.8 (17.4) (14.6) (37.4) (31.7) (40.5) (16.2) (24.3) 12.3 (15.5) 6.8 (17.8) 41 (3.8) (5.4) (5) 4.8 (2.5) 2.9 (13.3) (10.6) (10.7)
Cash at Beginning 1,431 1,460 995 1,010 983 1,752 771 619 907 899 748 955 1,264 1,083 1,098 987 1,139 1,085 1,003 947 900 914 706 486 767 787 803 802 784 616 521 604 657 674 606 543 777 700 547 613 544 172 117 306 162 91 220 103 128 112 171 121 81 93 137.2 42.9 67.3 23.9 37.2 54.5 339.6 47.7 66.3 60.2 58.6 0 0 0 80.2 0 0 0 59.9 0 0 0 20 0 0 0 48.3 0 0 0 48.1 0 0 0 50
Cash at End 1,210 1,431 1,460 995 1,010 983 1,752 771 619 907 899 748 955 1,264 1,083 1,098 987 1,139 1,085 1,003 947 900 914 706 486 767 787 803 802 784 616 521 604 657 674 606 543 777 700 547 613 98 172 117 285 162 91 220 103 128 112 171 121 81 93 137.2 42.9 60.3 23.9 37.2 54.5 339.6 47.7 66.3 (17.7) (38.6) (35.3) 116.8 62.8 (14.6) (37.4) (31.7) 19.4 (16.2) (24.3) 12.3 4.5 6.8 (17.8) 41 44.5 (5.4) (5) 4.8 45.6 2.9 (13.3) (10.6) 39.3
Free Cash Flow 654 937 1,121 737 307 638 906 737 346 569 648 571 246 628 662 553 194 460 598 559 349 368 499 441 163 326 395 268 195 349 357 304 151 304 296 302 134 275 332 230 254 222 169 140 131 296 96 269 199 214 101 252 106 181 39.0 194.0 97 22.5 97.5 33.5 159.3 367.5 78.4 53.3 86.5 69.1 84.9 (46) 117.8 85.4 128 60.8 136.3 29.1 138.7 37.7 84.3 85.9 105.6 75.7 107.4 105.2 86.9 42.2 80.2 99.9 92.3 65.8 97.6
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 2016 Q1 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
Income Statement
Revenue 2,863 3,085 3,726 3,248 2,566 2,538 3,320 2,544 2,935 3,356 1,811 2,605 2,241 3,114 1,410 820 1,218 3,323 1,785 2,295 2,227 2,694 2,227 2,714 (99) 2,152 1,700 1,913 2,159 710 1,915 1,558 1,224 1,411 1,412 1,386 1,523 1,312 1,402 1,371 1,364 1,263 1,278 1,316 1,285 1,262 1,280 1,214 1,189 1,172 1,152 1,104 1,103 1,070 1,035 1,020 986 955 944 975 929 936 1,071 878 887 1,133 1,007 874 890 1,018 1,186 917 704 976 982 1,270 1,031 994 967 981 1,607 966 944 940 916 942 879 923 870 839 798 722 703 653.9 645 618 581.1 599.8 578.8 571.3
Gross Profit 1,112 1,613 2,186 1,588 598 1,208 1,742 1,064 1,586 2,152 479 1,265 843 1,868 (8) (502) 186 2,377 713 1,380 1,224 1,792 1,084 1,628 (1,102) 1,242 768 977 1,299 (164) 1,036 675 370 602 538 532 670 1,312 649 550 640 586 608 604 536 587 594 451 457 508 510 473 535 1,070 464 333 404 463 288 174 354 3,756 496 283 371 3,883 509 216 316 1,018 624 333 174 538 417 787 562 456 423 442 1,120 529 421 486 446 521 348 451 418 2,977 314 2,641 218 222.7 229 269 84.4 190.7 254.8 258.0
Operating Income 339 840 1,413 855 (128) 479 1,040 386 953 1,490 (148) 666 268 1,287 (577) (1,053) (351) 1,846 184 872 768 1,316 614 1,145 (1,576) 781 294 530 867 (581) 618 264 (50) 197 129 128 276 0 253 166 265 216 243 248 174 236 259 107 119 167 182 148 217 286 152 29 112 186 11 (99) 75 (14) 221 21 85 (13) 244 (50) 34 (14) 356 64 (100) 253 160 508 271 172 148 175 834 261 151 215 195 271 113 214 201 (9) 107 (9) 31 38.6 51 97 (82.8) (8.7) 96.6 103.5
Net Income 274 676 1,122 685 (90) 405 820 312 755 1,183 (99) 534 225 1,013 (416) (818) (266) 1,470 153 703 620 1,049 484 909 (1,226) 626 248 428 695 (452) 553 217 (31) 642 102 100 201 100 180 123 188 156 174 176 128 167 183 84 91 122 131 110 154 192 111 32 86 134 19 (50) 61 126 156 27 68 245 171 (19) 35 161 247 63 (42) 186 124 351 194 130 115 132 552 183 117 158 144 192 90 155 146 129 84 56 35 35.7 49 73 (41.3) 5.6 74.7 79.4
EPS (Diluted) 1.75 4.30 7.11 4.34 -0.58 2.57 5.20 1.98 4.78 7.50 -0.63 3.38 1.42 6.40 -2.63 -5.13 -1.70 9.04 0.94 4.31 3.82 6.47 2.99 5.63 -7.56 3.79 1.49 2.59 4.26 -2.78 3.38 1.32 -0.19 3.88 0.61 0.60 1.21 0.60 1.08 0.74 1.13 0.94 1.05 1.06 0.77 1.02 1.11 0.51 0.55 0.74 0.79 0.66 0.94 1.17 0.68 0.20 0.53 0.83 0.12 -0.31 0.38 0.77 0.95 0.17 0.42 1.50 1.05 -0.12 0.22 0.98 1.50 0.38 -0.26 1.08 0.72 2.02 1.11 0.74 0.66 0.76 3.13 1.05 0.66 0.89 0.81 1.10 0.50 0.87 0.82 0.73 0.48 0.31 0.19 0.20 0.27 0.40 -0.23 0.03 0.41 0.44
Balance Sheet
Cash & Equivalents 1,210 1,431 1,460 995 1,010 983 1,752 771 619 907 899 748 955 1,264 1,083 1,098 987 1,139 1,085 1,003 947 900 914 706 486 767 787 803 802 784 616 521 604 657 674 606 543 777 700 547 613 325 402 557 254 515 183 285 162 91 103 128 112 171 137.2 42.9 67.3 60 23.9 37.2 54.5 339.6 48 66 60 58.6 98 144 76 80.2 78 63 30 59.9 55 10 13 20.0 39 43 33 48.3 41 20 29 48.1 0 0 0
Total Assets 41,211 41,002 40,567 38,842 37,276 36,501 37,009 34,802 33,727 32,769 30,915 31,352 30,474 29,732 28,199 29,192 30,250 31,387 29,907 29,677 28,313 27,542 26,370 25,450 23,367 25,408 24,742 24,337 23,352 21,935 22,480 21,760 21,470 21,843 21,592 21,238 20,753 20,386 20,455 20,151 19,447 14,607 14,616 14,440 13,522 13,108 17,622 15,530 15,738 15,509 14,930 13,553 14,059 13,684 13,558.9 13,557.7 12,695.2 13,287 11,789.2 10,701.5 10,563.9 11,807.7 10,405.5 11,063.5 10,855.2 11,086.5 9,939 10,484 10,060.7 9,493.4 8,640.7 7,979 7,480.5 7,045.5 6,652.2 6,406 6,412.8 6,109.3 5,656.7 5,367.1 5,056.6 4,734.3 4,777.4 4,632.2 4,579.6 4,602.3 4,563.9 4,404.4 4,292.6
Total Debt 884 886 883 884 878 875 874 874 873 874 869 867 895 891 887 885 890 897 904 907 905 899 967 967 960 884 885 884 877 866 860 889 853 851 843 843 842 846 847 853 860 839 839 839 839 839 860 512 606 603 603 603 603 603 607.5 608.2 607.1 619.2 608.4 624.0 593.0 574.4 545.6 512.7 480.4 471.5 472.4 473.8 337.8 339.0 356.1 353.6 343.8 341.9 332.8 332.7 301.5 301.0 277.6 277.1 219.6 209.1 199.1 188.8 168.6 158.1 147.3 147.2 147.1
Stockholders' Equity 15,714 15,911 15,406 14,301 13,718 13,935 13,804 12,777 12,654 12,098 10,624 11,030 10,741 10,562 9,431 10,553 12,092 13,105 11,841 11,858 11,138 10,789 9,745 9,258 8,042 9,864 9,371 9,131 8,630 7,833 8,334 7,916 7,946 8,243 7,523 7,373 7,256 7,060 7,121 6,971 6,735 4,737 4,865 4,760 4,144 3,881 6,538 6,103 6,199 6,204 5,870 5,159 5,598 5,517 5,925.6 6,012.3 5,531.3 5,995.0 5,504.3 4,868.5 4,803.1 5,421.3 5,041.6 5,533.5 5,407 5,620.9 4,892.8 5,268.1 5,065.4 4,717.0 4,144.3 3,741.4 3,433.9 3,162.9 2,919.8 2,805.4 2,835.7 2,658.0 2,393.2 2,257.4 2,101.1 1,940.0 1,995.6 1,939.4 1,910.2 1,947.3 1,945.5 1,879.8 1,823.7
Cash Flow
Operating Cash Flow 656 947 1,114 741 310 642 912 742 353 577 650 575 250 631 666 557 198 463 601 563 354 372 505 447 167 328 404 276 200 355 362 310 154 306 301 309 136 279 334 234 257 233 182 150 132 300 120 272 217 219 108 254 113 192 41.6 201 101 39.5 106.3 36.6 174.2 414.8 108.9 31.9 132.2 103.9 88.2 (42.2) 123.7 91.1 131.5 65.5 138.9 35.5 143.7 41.9 87.2 89.5 107.2 79 109.7 108.1 89.4 44.9 83.4 101.4 94.4 68 99.4
Capital Expenditure (2) (10) 7 (4) (3) (4) (6) (5) (7) (8) (2) (4) (4) (3) (4) (4) (4) (3) (3) (4) (5) (4) (6) (6) (4) (2) (9) (8) (5) (6) (5) (6) (3) (2) (5) (7) (2) (4) (2) (4) (3) (11) (13) (10) (1) (4) (24) (3) (6) (5) (7) (2) (7) (11) (2.6) (5.1) (4) (17.0) (8.8) (3.0) (14.9) (47.3) (30.5) 21.4 (45.7) (34.8) (3.3) (3.8) (5.9) (5.7) (3.5) (4.7) (2.6) (6.5) (5) (4.2) (2.9) (3.6) (1.6) (3.3) (2.3) (3.0) (2.5) (2.7) (3.2) (1.5) (2.1) (2.2) (1.8)
Free Cash Flow 654 937 1,121 737 307 638 906 737 346 569 648 571 246 628 662 553 194 460 598 559 349 368 499 441 163 326 395 268 195 349 357 304 151 304 296 302 134 275 332 230 254 222 169 140 131 296 96 269 199 214 101 252 106 181 39.0 194.0 97 22.5 97.5 33.5 159.3 367.5 78.4 53.3 86.5 69.1 84.9 (46) 117.8 85.4 128 60.8 136.3 29.1 138.7 37.7 84.3 85.9 105.6 75.7 107.4 105.2 86.9 42.2 80.2 99.9 92.3 65.8 97.6