CoStar Group, Inc. logo CSGP - CoStar Group, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 18
HOLD 5
SELL 2
STRONG
SELL
0
| PRICE TARGET: $61.18 DETAILS
HIGH: $84.00
LOW: $42.00
MEDIAN: $64.00
CONSENSUS: $61.18
UPSIDE: 80.21%
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 897 900 833.6 781.3 732.2 709.4 692.6 677.8 656.4 640.1 624.7 605.9 584.4 573.3 556.9 536.3 515.8 506.8 499.3 480.3 457.7 444.4 425.6 397.2 391.8 374.7 352.8 343.8 328.4 315.6 305.5 297.0 273.7 254.0 247.5 237.2 226.6 218.3 212.7 206.9 199.7 193.0 189.1 170.7 159.0 156.1 153.1 147.7 119.1 115.6 112.3 109.0 104.0 100.1 96.0 85.2 68.6 66.2 63.8 62.1 59.6 58.2 57.1 55.8 55.1 54.6 53.6 50.1 51.4 52.9 53.8 53.5 52.3 50.8 49.3 47.8 44.8 42.1 40.6 38.9 37.3 35.8 34.3 32.9 31.3 29.7 28.6 27.5 26.3 25.3 23.2 20.7 19.5 18.6 18.1 17.4 16.8 15.7 14.6 11.4
Cost of Revenue 196 235 172.2 167.8 153.3 140.9 140.6 135.8 141.2 136.3 123.7 112.4 119.2 109.2 108.4 101.0 95.5 86.3 92.6 89.6 88.7 78.2 77.9 74.0 78.9 75.0 71.2 71.9 71.2 68.2 72.1 67.1 62.5 58.3 55.5 55.3 51.3 46.0 42.2 42.7 42.9 45.1 53.7 44.6 45.4 42.9 40.9 39.5 33.6 31.8 31.7 32.1 33.6 31.5 30.9 28.2 24.3 22.0 21.2 22.4 22.6 21.3 20.8 20.4 21.2 20.9 19.1 16.7 16.9 17.7 17.6 18.3 19.7 20.0 19.6 19.3 17.8 16.6 14.0 12.6 12.9 12.0 11.0 10.8 10.5 9.4 9.2 8.8 7.9 7.8 7.7 7.0 6.9 7.3 7.5 8.0 5.1 4.8 5.7 4.7
Gross Profit 701 665 661.4 613.5 578.9 568.5 552 542 515.2 503.8 501 493.5 465.2 464.2 448.6 435.3 420.3 420.5 406.7 390.8 368.9 366.2 347.8 323.1 312.9 299.7 281.6 271.8 257.3 247.3 233.5 229.9 211.2 195.7 192.1 181.9 175.2 172.3 170.5 164.2 156.8 147.9 135.3 126.0 113.6 113.2 112.1 108.2 85.4 83.9 80.6 76.9 70.4 68.6 65.1 57.1 44.3 44.1 42.7 39.7 37.1 36.9 36.4 35.5 33.9 33.7 34.4 33.3 34.5 35.2 36.1 35.1 32.5 30.8 29.8 28.5 27.0 25.5 26.6 26.3 24.3 23.8 23.3 22.0 20.9 20.3 19.4 18.6 18.3 17.5 15.5 13.7 12.6 11.4 10.6 9.4 11.7 10.9 8.9 6.7
Operating Expenses
R&D Expenses 114 109 105.4 97.1 94.5 82.3 81 79.6 82.4 69.8 67.9 63.4 66.6 58.4 56.9 51.6 54.0 52.5 53.1 48.6 46.8 41.6 40.7 39.0 41.6 36.6 32.6 28.5 27.9 25.6 26.2 26.3 22.9 21.8 21.5 23.1 22.4 19.9 19.4 19.5 17.6 16.7 17.0 16.8 15.1 13.7 14.2 15.1 12.4 11.6 11.6 11.5 12.1 10.0 9.7 8.0 5.0 4.6 5.0 5.1 5.3 4.8 4.2 4.1 4.2 4.2 3.5 3.1 3.2 3.1 3.1 3.1 3.4 3.1 3.0 3.3 3.1 3.2 2.8 3.1 2.9 2.7 2.6 2.5 2.3 2.2 2.1 2.2 1.9 1.8 1.7 1.4 1.4 1.2 1.4 1.2 1.1 1.1 1.0 0.7
SG&A Expenses 547 507 575.3 517.1 510 433.4 437 468.3 464.6 353.8 361.3 340.6 315.8 265.6 276.7 258.7 222.0 208.6 244.7 222.8 202.5 251.7 212.0 187.9 184.0 150.6 147.1 161.4 128.2 108.2 128.3 151.0 129.1 119.1 108.7 126.3 110.4 100.4 106.0 110.7 102.7 89.0 111.6 122.3 94.8 68.4 66.1 67.1 52.6 47.1 45.6 46.2 56.8 44.1 41.6 45.5 30.0 31.2 34.1 30.1 24.1 24.5 25.5 26.3 23.9 22.6 23.2 21.3 19.6 18.2 20.5 22.2 20.7 21.8 21.6 23.8 21.2 17.4 16.8 19.7 18.5 15.9 16.4 17.2 16.4 14.9 14.2 13.9 14.1 13.7 13.1 12.3 11.8 11.6 13.6 14.6 16.3 16.8 17.8 13.8
Other Expenses 37 0 31.8 26.5 17.2 12.8 10.3 10.2 11 10.9 10.2 10.4 10.6 12.9 29.7 14.9 16.1 18.9 19.1 18.3 18.4 17.8 18.3 14.9 11.5 11.5 7.6 7.2 7.7 7.9 8.3 8.8 5.8 4.0 4.3 4.6 4.8 5.1 5.5 5.8 6.2 6.7 7.2 7.0 7.1 7.7 8.4 9.0 3.3 3.5 3.7 3.9 4.1 4.6 4.8 3.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.7 0.9 0.8 0.7 0.9 1.2 1.2 1.3 1.2 (6.4) 1.3 1.2 1.3 0.9 1.1 1.1 1.1 1.1 3.3 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 0.9 0.9 1.9 1.9 1.8 5.1 5.9 4.8 3.0
Operating Expenses 698 616 712.5 640.7 621.7 528.5 528.3 558.1 558 434.4 439.4 414.4 393 337.0 363.2 325.2 292.1 280.1 317.0 289.8 267.7 311.0 270.9 241.8 237.1 198.7 187.4 197.0 163.8 141.7 162.8 186.1 157.8 144.9 134.5 154.0 137.5 125.4 130.9 136.1 126.5 112.4 135.8 146.2 117.1 89.8 88.6 91.3 68.3 62.2 60.8 61.6 73.0 58.7 56.2 57.1 35.7 36.4 39.6 35.8 30.0 29.9 30.2 31.0 28.8 27.8 27.5 25.1 23.7 22.4 24.9 26.6 25.3 18.5 26.0 28.2 25.6 21.5 20.7 23.9 22.5 19.7 22.3 20.8 19.8 18.1 17.5 17.2 17.1 16.5 15.9 14.6 14.1 14.7 16.9 17.6 22.4 23.8 23.6 17.6
Operating Income
Operating Income 3 49.5 (51.1) (27.2) (42.8) 40 23.7 (16.1) (42.8) 69.3 61.6 79.1 72.2 127.2 85.3 110.2 128.3 140.4 89.7 101.0 101.2 55.2 76.8 81.3 75.9 101.0 94.3 74.8 93.5 105.7 70.7 43.8 53.4 50.8 57.5 27.9 37.7 46.9 39.6 28.1 30.3 35.5 (0.4) (20.1) (3.5) 23.3 23.5 16.9 17.1 21.7 19.8 15.3 (2.6) 9.9 8.9 (0.0) 8.6 7.8 3.0 3.9 7.1 7.0 6.1 4.5 5.1 6.0 7.0 8.2 10.7 12.8 11.3 8.5 7.2 12.3 3.8 0.2 1.4 4.0 5.8 2.4 1.8 4.1 1.0 1.2 1.0 2.2 2.0 1.4 1.2 1.0 (0.4) (0.9) (1.5) (3.3) (6.3) (8.3) (10.7) (12.9) (14.7) (10.9)
Interest Expense 0 3.9 4.4 5 5.7 6.4 6.3 7.4 7.3 7.5 7.2 8.1 8.6 0 0 3.4 7.7 7.9 7.9 7.9 7.9 7.9 7.5 3.6 2.0 0.5 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 2.9 2.7 2.7 2.6 2.5 2.5 2.5 2.4 2.4 2.4 2.3 2.4 2.7 3.8 1.6 1.7 1.7 1.8 1.8 0 1.8 1.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 10 13 26 32.5 38.5 53.6 61.9 60.9 63.5 67.2 65.6 60.0 52.1 32.6 10.7 0 0 0 0 0 0 0 0 0 4.0 13.8 5.4 5.9 4.9 4.6 3.0 2.7 3.0 2.5 0.6 0.6 0.4 1.2 0.3 0.2 0.1 0.1 0.0 0.1 0.3 0.3 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 (0.2) 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 86 130.5 29.4 38.3 4.5 79.3 59.2 22.7 (9.5) 98.0 88.7 105.2 97.8 155.1 131.2 142.1 160.5 175.2 123.6 135.0 136.6 88.2 108.1 108.8 100.1 138.7 113.1 93.6 118.1 130.0 94.2 67.0 73.4 64.8 73.2 44.3 55.4 65.2 58.0 45.7 47.9 55.1 22.1 (1.3) 14.6 43.3 43.7 37.6 27.1 31.6 29.8 25.4 7.7 21.0 19.7 8.3 12.2 11.0 6.0 7.1 10.5 10.4 9.4 7.8 8.8 9.9 10.6 11.6 14.4 16.7 15.5 12.8 11.5 16.8 8.0 4.2 5.0 7.2 8.8 5.3 4.7 7.0 5.9 4.2 4.2 5.5 5.1 4.6 4.5 4.2 2.9 2.0 1.4 1.5 (1.4) (3.7) (5.6) (7.0) (9.9) (7.8)
EBIT 4 49.5 (45.8) (27.2) (42.8) 40 23.7 (16.1) (42.8) 69.3 61.6 79.1 72.2 127.2 85.3 110.2 128.3 138.0 89.7 101.9 101.2 55.2 76.5 80.8 75.9 114.8 94.3 74.8 98.4 110.3 73.7 46.4 56.4 49.4 58.1 28.5 38.1 48.1 39.9 28.3 30.4 35.6 (0.4) (20.0) (3.2) 23.6 23.5 17.0 17.3 21.8 19.8 15.4 (2.5) 10.4 9.0 0.1 8.9 7.8 3.0 3.9 7.1 7.0 6.1 4.5 5.1 6.0 7.0 8.2 10.7 12.8 11.3 8.5 7.2 12.3 3.8 0.2 1.4 4.0 5.8 2.4 1.8 4.1 3.2 1.2 1.0 2.2 2.0 1.4 1.2 1.0 (0.4) (0.9) (1.5) (3.3) (6.3) (8.3) (10.7) (12.9) (14.7) (10.9)
Income Before Tax 12 61 (45.8) 21.6 (6.7) 85 77.7 35.9 11.5 132.7 120.5 131.7 116.3 159.5 97.4 108.1 121.4 133.4 83.3 94.0 93.3 46.4 68.9 77.2 78.4 114.3 98.9 80.0 97.7 109.6 73.0 45.7 55.7 48.7 55.2 25.8 35.4 45.5 37.4 25.8 27.9 33.2 (2.8) (22.3) (5.6) 21.2 20.8 13.2 15.7 20.1 18.1 13.6 (4.2) 8.2 7.2 (1.1) 8.9 8.0 3.2 4.1 7.3 7.2 6.3 4.7 5.3 6.2 7.2 8.5 11.2 13.6 12.2 9.8 9.2 14.6 5.9 2.1 3.3 6.0 7.7 4.0 3.3 5.3 1.9 1.9 1.6 2.7 2.3 1.7 1.5 1.2 (0.4) (0.8) (1.3) (3.1) (3.9) (7.7) (10.0) (12.1) (14.0) (15.7)
Income Tax Expense 9 14 (14.9) 15.4 8.1 25.2 24.7 16.7 4.8 36.3 29.9 31.1 29.2 35.2 25.1 24.7 32.1 40.5 19.0 32.8 19.1 10.7 10.7 16.9 5.6 26.4 20.3 16.8 12.5 26.1 14.2 1.9 3.5 4.5 21.0 3.6 13.3 15.9 14.2 10.2 11.2 10.2 2.6 (7.4) 0.6 7.3 7.9 5.0 5.9 7.3 7.0 5.3 (1.8) 3.5 0.4 5.6 3.7 2.8 0.9 1.4 2.8 3.4 2.9 1.4 2.5 2.5 2.9 3.9 5.1 6.0 5.6 4.3 4.1 4.8 2.7 1.0 1.5 2.4 3.0 1.7 1.4 2.1 0.8 0.8 0.6 (16.7) (0.1) (0.1) (0.0) 0.1 0 0.2 0 (0.5) (0.0) (0.0) (0.1) (0.5) (0.8) (0.6)
Net Income 3 47 (30.9) 6.2 (14.8) 59.8 53 19.2 6.7 96.5 90.6 100.5 87.1 124.4 72.3 83.5 89.3 92.9 64.3 61.1 74.2 35.8 58.2 60.4 72.8 87.9 78.6 63.2 85.2 83.5 58.8 43.8 52.2 44.2 34.2 22.2 22.1 29.6 23.2 15.6 16.7 23.0 (5.4) (15.0) (6.1) 13.9 13.0 8.2 9.7 12.8 11.1 8.3 (2.4) 4.7 6.8 (6.7) 5.1 5.2 2.3 2.6 4.5 3.8 3.4 3.3 2.9 3.6 4.3 4.6 6.1 7.5 6.6 5.4 5.0 9.7 3.2 1.2 1.8 3.5 4.7 2.3 1.9 3.2 1.1 1.1 1.0 19.4 2.4 1.7 1.5 1.0 (0.4) (0.8) (1.3) (2.6) (5.9) (7.6) (9.8) (11.6) (13.1) (15.1)
Per Share Data
EPS (Basic) 0.01 0.11 -0.07 0.01 -0.04 0.15 0.13 0.05 0.02 0.24 0.22 0.25 0.22 0.31 0.18 0.21 0.23 0.24 0.16 0.16 0.19 0.09 0.15 0.16 0.20 0.24 0.22 0.17 0.24 0.23 0.16 0.12 0.15 0.12 0.11 0.07 0.07 0.09 0.07 0.05 0.05 0.07 -0.02 -0.05 -0.02 0.04 0.04 0.03 0.03 0.05 0.04 0.03 -0.01 0.02 0.03 -0.03 0.02 0.02 0.01 0.01 0.02 0.02 0.02 0.02 0.01 0.02 0.02 0.02 0.03 0.04 0.03 0.03 0.03 0.05 0.02 0.01 0.01 0.02 0.03 0.01 0.01 0.02 0.01 0.01 0.01 0.11 0.01 0.01 0.01 0.01 -0.00 -0.00 -0.01 -0.02 -0.04 -0.05 -0.06 -0.08 -0.09 -0.11
EPS (Diluted) 0.01 0.11 -0.07 0.01 -0.04 0.15 0.13 0.05 0.02 0.24 0.22 0.25 0.21 0.31 0.18 0.21 0.23 0.24 0.16 0.16 0.19 0.09 0.15 0.16 0.20 0.24 0.22 0.17 0.23 0.23 0.16 0.12 0.14 0.12 0.10 0.07 0.07 0.09 0.07 0.05 0.05 0.07 -0.02 -0.05 -0.02 0.04 0.04 0.03 0.03 0.04 0.04 0.03 -0.01 0.02 0.02 -0.03 0.02 0.02 0.01 0.01 0.02 0.02 0.02 0.02 0.01 0.02 0.02 0.02 0.03 0.04 0.03 0.03 0.03 0.05 0.02 0.01 0.01 0.02 0.03 0.01 0.01 0.02 0.01 0.01 0.01 0.11 0.01 0.01 0.01 0.01 -0.00 -0.00 -0.01 -0.02 -0.04 -0.05 -0.06 -0.08 -0.09 -0.11
Shares Outstanding 413 417.2 419.9 419.6 410.5 406.9 406.8 406 405.6 405.8 405.6 405.4 404.5 404.2 394.7 393.3 392.9 392.5 392.4 392.3 391.6 391.4 391.6 375.2 364.7 363.6 363.3 363.1 362.4 361.4 361.3 360.7 358.9 356.8 324.4 324.1 322.8 322.1 321.9 321.9 320.9 320.0 315.4 318.4 318.3 317.6 317.4 290.6 282.7 278.6 277.6 276.4 267.8 272.9 272.4 264.6 251.3 250.1 249.7 220.1 205.3 203.9 203.3 202.8 202.5 202.4 198.7 194.8 194.7 194.7 193.9 193.1 192.2 191.8 190.4 189.5 189.0 188.3 187.9 188.2 186.9 186.4 184.8 183.7 183.2 183 182.5 181.5 179.6 171.6 158.6 157.9 157.4 156.6 156.1 155.8 154.1 154.1 153.9 142.5
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
Current Assets
Cash & Cash Equivalents 1,316 1,733 2,034.8 3,727 3,778.2 4,681 4,937.6 4,919.5 4,951.6 5,215.9 5,229.9 5,205.3 5,055.6 4,968.0 4,774.5 3,964.1 3,929.1 3,827.1 3,761.6 3,674.9 3,690.3 3,693.8 3,867.8 3,548.4 1,927.9 1,070.7 1,389.6 1,297.8 1,232.8 1,100.4 1,071.8 966.3 931.4 1,211.5 623.0 564.6 572.5 567.2 522.1 464.2 461.7 188.3 170.2 205.8 183.4 170.6 43.3 37.3 31.2 35.6 30.5 24.9 25.5 27.5 41.5 42.0 43.7 47.1 55.8 64.3 76.9 94.1 99.3 102.4 10.1 19.7 21.8 1.1 0.9
Short-Term Investments 0 0 0 308.1 285.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.2 1.1 1.1 12.3 18.7 20.2 30.3 33.5 121.0 70.0 73.4 61.8 1.1 1.4 1.6 15.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 287 234 252.5 211.1 213.5 187.9 184.5 209.5 203.2 195.8 198.4 186.0 181.8 153.9 157.0 161.5 135.0 124.8 115.7 108.3 109.8 103.9 105.0 113.7 112.2 92.2 91.3 95.6 92.8 89.2 82.3 70.0 68.9 60.9 60.9 51.5 49.7 48.7 48.5 46.0 47.5 10.6 12.7 12.9 12.1 14.2 10.7 2.9 3.3 4.3 5.9 7.1 6.8 6.4 6.1 6.1 6.7 6.1 5.6 7.6 8.9 2.8 2.4 2.2 2.7 1.2 1.2 1.2 1.5
Inventory 0 0 6.3 0 0 0 0 0 0 0 0 0 0 0 0 (6.3) 0 0 0 0 (3.3) (62.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 103 152 111.5 85.3 76 5.8 0 0 0 0 0 0 4.4 64.0 0 6.3 3.2 0 0 0 3.3 124.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.9 3.3 3.5 2.5 2.2 7.9 0 0 0 0 0 16.4 0 0 0 0 0.9 1.2 1.7 5.0 2.5 0.8 0.5 0.4 0.3 0.4 1.2 0.5
Total Current Assets 1,706 2,119 2,405.1 4,331.5 4,353.3 4,950.2 5,195.1 5,207.2 5,216.2 5,476.1 5,498.7 5,444.9 5,297.6 5,185.9 5,006.6 4,180.8 4,100.3 3,988.1 3,914.8 3,817.9 3,822.3 3,888.5 4,007.2 3,690.6 2,070.4 1,199.2 1,504.7 1,413.8 1,346.4 1,213.3 1,179.3 1,076.0 1,032.0 1,287.9 700.1 636.0 634.2 627.5 583.4 524.2 519.9 219.4 212.6 247.4 231.4 223.5 187.1 113 110.3 103.7 39.0 35.2 51.9 49.5 48.3 48.8 51.0 54.1 62.6 73.5 90.7 99.4 102.5 105.1 13.2 21.2 23.4 3.5 2.9
Non-Current Assets
Property, Plant & Equipment 1,487 1,446 1,380.9 1,300.5 1,194.3 1,117.9 1,017 922.5 865.9 552 489.0 438.9 407.0 401.6 400.6 396.9 379.3 372.1 344.8 358.4 330.4 235.1 233.6 217.0 219.2 222.6 213.5 195.5 198.0 83.3 81.9 84.6 83.4 84.5 84.3 85.8 85.5 87.6 85.4 86.5 86.0 61.1 60.7 19.2 15.3 15.8 21.3 12.5 9.7 10.3 10.1 10.7 11.0 11.0 12.7 13.4 14.4 14.7 17.3 17.1 11.5 5.9 5.1 4.1 3.2 2.2 1.6 1.4 1.3
Goodwill 4,975 4,944 4,915.4 3,689.6 3,673.2 2,527.6 2,396.6 2,383.6 2,383.7 2,386.2 2,315.3 2,321.2 2,318.1 2,314.8 2,301.7 2,314.2 2,319.8 2,321.0 2,293.5 2,294.5 2,211.0 2,236.0 2,015.1 2,009.1 1,874.0 1,882.0 1,616.5 1,617.9 1,612.1 1,611.5 1,549.0 1,549.5 1,551.2 1,283.5 1,283.2 1,280.3 1,263.5 1,254.9 1,256.4 1,256.9 1,252.5 79.0 79.0 80.3 57.4 53.9 63.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,731 1,771 1,844.4 915.6 957.2 433.2 324.7 342.5 365 313.7 275.1 295.0 312.4 329.3 343.2 385.2 409.3 435.7 447.9 476.2 450.3 426.7 414.6 437.6 400.7 421.2 259.4 272.2 275.8 288.9 286.0 299.6 313.9 182.9 191.2 198.1 191.5 196.0 207.1 218.5 226.4 20.5 21.6 23.4 14.9 14.6 27.2 71.4 70.7 68.9 71.6 72.8 55.7 57.5 66.0 69.9 73.3 76.7 79.6 90.3 101.4 31.2 0 0 0 0 0 0 1.2
Long-Term Investments 3 18 3.5 3.9 4.9 6 9 9.6 2 169.7 167.9 164.4 2.0 2.0 2.0 (5.0) 17.7 11.3 15.0 0 15.0 15.0 14.8 14.8 14.8 10.1 10.1 10.1 10.1 10.1 10.1 10.1 10.1 10.1 10.0 10.0 10.0 10.0 9.9 9.9 9.9 29.4 29.5 29.7 30.1 29.3 0 (3.3) (3.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 218 193 204.7 210.6 200.3 191.3 201 197.6 197.4 17.7 16.0 17.5 172.0 159.2 146.7 143.7 126.1 123.6 113.3 125.6 109.3 109.1 108.1 105.6 100.7 113.5 106.7 105.5 99.6 98.4 98.3 98.7 99.9 19.2 5.4 2.1 2.1 1.9 2.2 2.6 2.4 2.2 2.1 2.6 1.6 1.5 2.3 1.1 1.0 1.0 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.6 0.6 0.8 0.4 25 23.8 24.5 4.1 3.8 3 1.9
Total Non-Current Assets 8,458 8,419 8,414.8 6,175.6 6,074.8 4,306.6 3,943.6 3,860.1 3,818.3 3,443.6 3,272.9 3,246.8 3,219.3 3,216.6 3,199.3 3,240.0 3,257.2 3,268.7 3,216.5 3,257.7 3,119.6 3,026.9 2,790.1 2,788.4 2,614.2 2,654.8 2,210.7 2,206.8 2,201.9 2,099.7 2,028.0 2,046.6 2,063.1 1,585.5 1,580.5 1,584.0 1,561.0 1,557.6 1,569.1 1,583.0 1,586.1 196.1 195.3 157.2 122.5 118.4 114.6 85.0 81.4 80.2 82.0 83.7 67.0 68.8 79.0 83.5 88.0 91.8 97.4 108.0 113.7 37.5 30.1 27.9 27.7 6.3 5.4 4.4 4.4
Total Assets 10,164 10,538 10,819.9 10,507.1 10,428.1 9,256.8 9,138.7 9,067.3 9,034.5 8,919.7 8,771.7 8,691.7 8,516.9 8,402.5 8,205.9 7,420.7 7,357.4 7,256.9 7,131.3 7,075.6 6,942.0 6,915.4 6,797.3 6,479.0 4,684.6 3,854.0 3,715.4 3,620.6 3,548.3 3,313.0 3,207.2 3,122.6 3,095.1 2,873.4 2,280.6 2,220.0 2,195.2 2,185.1 2,152.6 2,107.2 2,106.0 415.5 407.9 404.6 353.9 342.0 301.7 198.0 191.7 183.9 121.0 118.9 118.9 118.2 127.3 132.3 139.0 145.9 160.0 181.6 204.4 136.9 132.6 133 40.9 27.5 28.8 7.9 7.3
Current Liabilities
Account Payables 39 42 46.5 51.5 38.7 47 84.4 101 113.6 23.1 25.9 61.5 31.7 28.5 31.4 32.1 19.2 22.2 17.5 16.4 16.9 15.7 20.3 26.9 22.5 7.6 8.1 7.0 7.9 6.3 10.1 9.4 7.8 9.3 11.3 16.7 16.9 11.5 9.9 14.0 6.7 3.3 3.2 3.7 1.8 2.0 3.8 11.8 9.7 1.2 9.9 9.1 10.1 9.1 11.9 12.7 12.7 1.4 13.4 13.7 15.2 1.8 2.1 1.6 1.3 0.8 0.4 1.1 0.5
Short-Term Debt 0 28 28.4 25.8 0 32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36.9 21.9 7.0 31.9 21.8 11.8 16.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.7 1.7
Deferred Revenue 237 205 201.6 187.4 181.4 137.1 113.6 122.9 117.1 104.2 97.6 113.2 117.8 103.6 100.1 104.8 107.7 95.5 92.6 92.7 89.7 74.9 75.0 80.4 84.7 67.3 60.3 58.3 56.2 58.1 58.1 53.5 49.5 45.7 45.6 43.2 46.3 39.2 41.9 41.3 43.1 14.9 16.8 14.8 9.1 9.8 10.6 6.1 6.7 5.9 5.1 6.5 4.8 4.5 4.8 5.0 6.2 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 346 325 484.5 340.8 20.2 179.7 0 0 195.5 0 0 0 0 (0.1) 0 0 78.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32.3 0 0 0 8.2 0 0 1.4 0 1.0 0 0 0 0 0 0 (8.5) 0 0 0 0 17.1 7.2 8.5 8.9 8.4 7.4 6.1 9.1 3.5 3.7 2.8 2.6
Total Current Liabilities 777 746 770.5 742.4 724.4 552.3 539.4 561.7 573.8 455.8 413.1 442.8 401.0 372.6 325.9 349.9 370.2 338.7 321.5 328.7 290.1 330.9 245.1 263.4 236.7 207.1 198.0 197.3 198.2 154.2 153.5 145.9 165.6 146.7 176.6 150.9 144.1 154.9 153.5 132.8 143.3 45.9 43.7 43.7 27.5 29.0 33.9 17.8 16.4 15.5 15.0 15.6 14.9 13.6 16.7 17.7 19.0 18.5 20.7 22.2 24.2 10.2 9.5 7.7 10.4 4.3 4.1 5.6 4.8
Non-Current Liabilities
Long-Term Debt 994 993 992.9 992.5 992.2 991.9 991.5 991.2 990.8 990.5 990.2 989.9 989.5 989.2 988.9 988.6 988.3 987.9 987.6 987.3 987.0 986.7 986.4 745 745 0 0 0 0 0 0 0 0 0 268.6 282.9 297.1 306.5 315.7 324.9 334.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.0 0 1.9 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 244 238 248.6 8.2 7.9 7.6 12.8 30.3 33.8 36.7 63.2 69.3 73.4 76.2 80.6 87.7 91.8 98.7 83.4 77.0 86.1 73.0 97.0 93.9 88.8 87.1 83.1 77.5 76.7 69.9 64.9 62.8 65.5 12.1 22.1 20.2 19.5 18.4 9.2 7.5 6.1 0 0 0 1.8 1.8 0.9 3.3 3.1 0 0 0 0 0 0.5 0.9 0.9 1.0 3.4 11.1 19.0 7 0 0 0 0 0 0 0
Other Non-Current Liabilities 78 66 72 73.8 55.9 133 28.3 18.8 18.4 18.2 21.9 20.2 15.3 18.3 18.7 18.6 12.5 20.5 34.7 41.0 43.6 44.2 45.7 39.9 34.5 34.1 24.6 25.3 21.6 17.4 60.6 63.2 63.0 13.4 50.9 0.8 0.7 0.7 7.0 56.0 57.0 1.9 1.8 1.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.9 0 0 0 0 0 0 0 (0.1) 0
Total Non-Current Liabilities 1,436 1,421 1,425.5 1,163.3 1,147.5 1,151 1,108.2 1,109.9 1,118.1 1,125.3 1,148.4 1,147.8 1,150.3 1,159.7 1,173.0 1,186.4 1,189.9 1,206.5 1,206.4 1,219.7 1,204.9 1,209.2 1,234.2 991.3 985.1 241.3 218.2 219.3 221.4 136.9 125.4 126.0 128.5 75.5 341.6 352.4 367.3 375.9 380.4 388.5 397.2 1.9 1.8 1.8 1.8 1.8 0.9 3.3 3.1 0 0 0 0 0 0.5 0.9 0.9 1.0 4.3 13.0 20.9 7 0 0 0 0 0 (0.1) 0
Total Liabilities 2,213 2,167 2,196 1,905.7 1,871.9 1,703.3 1,647.6 1,671.6 1,691.9 1,581.1 1,561.5 1,590.6 1,551.3 1,532.3 1,499.0 1,536.4 1,560.1 1,545.2 1,527.9 1,548.4 1,495.0 1,540.1 1,479.3 1,254.7 1,221.8 448.4 416.2 416.5 419.7 291.0 278.9 272.0 294.1 222.2 518.2 503.3 511.4 530.9 533.9 521.3 540.5 47.8 45.5 45.6 29.2 30.8 34.8 21.1 19.4 15.5 15.0 15.6 14.9 13.6 17.1 18.6 19.9 19.5 25.0 35.2 45.0 17.2 9.5 7.7 10.4 4.3 4.1 5.5 4.8
Stockholders' Equity
Common Stock 4 4 4.2 4.2 4.2 4.1 4.1 4.1 4.1 4.1 4.1 4.1 4.1 4.1 4.1 4.0 4.0 3.9 3.9 3.9 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 1,762.4 1,716.7 1,683.8 0.3 1,618.7 1,585.9 1,565.5 0 0 0.2 0 0 0 0 0 0.2 0 0 0.2 0 0 0 0 0.2 0 0.1 0.2 0.1 0 0 0 0 0 0 0
Retained Earnings 2,353 2,350 2,303.5 2,334.4 2,328.2 2,343 2,283.2 2,230.2 2,211 2,204.3 2,107.8 2,017.3 1,916.8 1,829.6 1,705.2 1,633.0 1,549.5 1,460.2 1,367.3 1,303.0 1,241.8 1,167.6 1,131.8 1,073.6 1,013.3 940.5 852.5 773.9 710.7 613.5 529.9 471.2 427.4 320.7 0 0 0 195.8 0 0 0 0 0 1.7 0 0 0 (98.2) (99.9) (101.4) 0 (102.3) (101.5) 0 0 0 0 (76.5) 0 (55.1) (42.0) (26.9) (22.6) (21.6) (16.8) (14.6) 0 0 0
Accumulated Other Comprehensive Income 131 80 57 20.2 (16.7) (25.5) (4.1) (22.1) (21.9) (17.6) (28.3) (21.6) (25.0) (29.1) (46.6) (30.0) (12.1) (5.8) (5.3) 1.0 (0.6) (0.9) (12.4) (19.9) (20.8) (8.6) (14.2) (12.1) (11.3) (11.7) (10.5) (10.1) (8.1) (9.0) 0 0 0 (13.0) 0 0 0 0 0 (7.6) 0 0 266.9 275.0 272.2 2.4 (17.9) 205.7 (15.5) 104.7 110.2 113.7 (7.6) (6.5) 135.0 (3.4) 201.2 (2.4) 145.7 (1.7) (1.4) (1.2) (1.1) (1) (0.9)
Total Stockholders' Equity 7,913 8,334 8,615.8 8,601.4 8,556.2 7,553.5 7,491.1 7,395.7 7,342.6 7,338.6 7,210.2 7,101.1 6,965.6 6,870.1 6,706.9 5,884.4 5,797.3 5,711.7 5,603.4 5,527.2 5,446.9 5,375.4 5,318.1 5,224.3 3,462.8 3,405.6 3,299.2 3,204.1 3,128.6 3,021.9 2,928.3 2,850.6 2,801.0 2,651.2 1,762.4 1,716.7 1,683.8 1,654.2 1,618.7 1,585.9 1,565.5 367.7 362.4 359.0 324.7 311.2 266.9 176.8 172.3 168.4 106.0 103.3 104.0 104.7 110.2 113.7 119.1 126.4 135.0 146.3 159.3 119.7 123.1 125.3 30.5 23.2 24.7 2.4 2.5
Total Liabilities & Equity 10,164 10,538 10,819.9 10,507.1 10,428.1 9,256.8 9,138.7 9,067.3 9,034.5 8,919.7 8,771.7 8,691.7 8,516.9 8,402.5 8,205.9 7,420.7 7,357.4 7,256.9 7,131.3 7,075.6 6,942.0 6,915.4 6,797.3 6,479.0 4,684.6 3,854.0 3,715.4 3,620.6 3,548.3 3,313.0 3,207.2 3,122.6 3,095.1 2,873.4 2,280.6 2,220.0 2,195.2 2,185.1 2,152.6 2,107.2 2,106.0 415.5 407.9 404.6 353.9 342.0 301.7 198.0 191.7 183.9 121.0 118.9 118.9 118.2 127.3 132.3 139.0 145.9 160.0 181.6 204.4 136.9 132.6 133 40.9 27.5 28.8 7.9 7.3
Debt Metrics
Total Debt 1,141 1,144 1,132 1,105.7 1,110.3 1,042.4 1,110.4 1,102 1,109.9 1,110.4 1,107.9 1,101.9 1,097.7 1,105.6 1,111.9 1,120.1 1,118.3 1,113.6 1,118.2 1,130.5 1,103.1 1,124.7 1,122.9 888.4 889.5 149.8 137.6 143.6 145.2 4 0 0 0 0 305.5 304.8 304.1 338.3 337.5 336.7 350.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.0 0 1.9 0 0 0 3 0 0 1.7 1.7
Net Debt (175) (589) (902.8) (2,621.3) (2,667.9) (3,638.6) (3,827.2) (3,833.5) (3,858.6) (4,105.5) (4,122.0) (4,103.4) (3,958.0) (3,862.4) (3,662.6) (2,844.0) (2,810.8) (2,705.5) (2,634.9) (2,544.4) (2,587.2) (2,569.1) (2,744.9) (2,660.0) (1,038.5) (920.9) (1,252.0) (1,154.2) (1,087.6) (1,096.4) (1,071.8) (966.3) (931.4) (1,211.5) (317.5) (259.8) (268.4) (228.9) (184.6) (127.4) (110.8) (188.3) (170.2) (205.8) (183.4) (170.6) (43.3) (37.3) (31.2) (35.6) (30.5) (24.9) (25.5) (27.5) (41.5) (42.0) (43.7) (47.1) (54.8) (64.3) (75.0) (94.1) (99.3) (102.4) (7.1) (19.7) (21.8) 0.6 0.8
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
Operating Activities
Net Income 3 47 (30.9) 6.2 (14.8) 59.8 53 19.2 6.7 96.5 90.5 100.6 87.1 124.4 72.3 83.5 89.3 92.9 64.3 61.1 74.2 35.8 58.2 60.4 72.8 87.9 78.6 63.2 85.2 83.5 58.8 43.8 52.2 44.2 34.2 22.2 22.1 29.6 23.2 15.6 16.7 1.1 1.1 1.0 1.7 1.5 1.0 0.3 (0.4) (0.8) (0.8) (1.1) (1.3) (1.6) (2.6) (4.0) (5.9) (9.8) (11.6) (13.1) (15.1) (4.3) (3.2) (2.6) (2.2) (1.5) (1.1) (0.2) (0.4)
Depreciation & Amortization 82 80 69.2 65.5 47.3 39.3 35.5 38.8 33.3 28.7 27.1 26.1 25.6 27.9 45.9 31.9 32.2 37.2 33.9 33.1 35.4 33.0 31.7 28.0 24.3 23.9 18.8 18.8 19.7 19.7 20.4 20.6 17.0 15.4 15.1 15.9 17.3 17.1 18.1 17.4 17.5 2.8 3.0 3.2 3.2 3.3 3.3 3.3 3.3 3.3 2.9 2.9 2.8 3.2 4.9 5.0 4.9 5.1 5.9 4.8 3.0 1.4 1.3 1.1 1.1 0.3 0.3 0.3 0.2
Stock-Based Compensation 42 0 70.8 51.8 30.4 21.7 21.8 22.7 22.8 21.2 21.9 21.9 20 21.1 18.1 18.1 17.8 16.7 16.3 15.1 15.5 12.7 16.7 8.9 15.2 13.3 13.1 13.8 12.0 10.6 9.0 11.2 10.4 9.8 9.7 10.1 9.4 9.4 9.3 9.3 8.3 0 0 0 0 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 (25) (82.3) 54.5 0.7 (55.2) (40.1) (48.1) (66.5) 35.5 (13.3) (135.6) (10) (40.9) (19.7) (82.0) (76.4) (27.4) (31.3) (48.1) (8.6) (66.8) 39.9 (31.4) (10.8) (11.6) (53.1) (22.7) (35.5) 7.9 (9.5) (4.0) (45.7) (22.1) 5.2 3.9 (19.9) 11.1 (15.7) 6.9 (9.5) 1.0 3.6 (1.7) (2.6) 1.2 1.2 (0.3) 0.2 0.1 (1.9) (0.7) (0.4) (0.5) (2.0) (1.6) (2.0) (1.3) (3.2) 0.4 2.3 (1.7) (1.8) 0 0 (0.2) 0 0 0 0.1
Other Non-Cash Items 47 86.8 (100.9) 27.3 46 48.6 47.1 47.5 44.1 39.7 44.7 40.7 34.3 40.9 34.0 29.0 29.0 27.1 26.2 27.1 24.1 27.7 28.3 30.0 28.0 40.8 21.6 22.1 20.0 14.4 13.8 13.9 13.7 5.8 2.3 1.3 2.6 1.8 2.2 3.7 3.0 1.3 0.6 0.8 (0.2) 0.1 0.4 0.6 0.6 0.6 0.6 0.5 0.6 0.6 0.1 0.9 0.5 0.9 0.1 (0.2) 5.5 0 1 0.9 0 0.4 0.9 0.3 0.1
Operating Cash Flow 152 162.1 68.2 146.5 53.2 94.6 100.3 58.1 139.6 148.5 42.6 175.2 123.2 185.0 81.5 81.4 130.7 150.5 98.9 132.4 87.9 130.8 106.7 117.2 131.5 107.8 116.5 85.1 148.5 114.8 101.4 46.3 73.0 71.4 67.9 30.8 64.6 52.2 61.8 38.3 48.4 8.8 3.0 2.3 6.0 6.1 4.4 4.4 3.6 1.1 2.0 1.8 1.7 0.1 0.7 (0.6) (1.8) (7.1) (5.2) (6.2) (8.3) (4.7) (0.9) (0.6) (1.3) (0.8) 0.1 0.4 0
Investing Activities
Capital Expenditure (54) (312.7) 284.4 (205.2) (79.2) (78.8) (86.6) (92.2) (380.3) (11.2) (5.3) (4.9) (19.6) (14.9) (12.9) (18.3) (12.4) (43.7) (8.4) (2.5) (10.6) (6.2) (29.4) (5.6) (7.1) (2.0) (29.8) (5.0) (9.4) (7.8) (6.0) (7.2) (8.6) (4.7) (7.1) (6.5) (6.1) (7.1) (4.3) (3.6) (3.8) (1.7) (3.2) (2.4) (4.1) (0.8) (1.1) (1.4) (0.6) (0.7) (1.1) (1.3) (1.0) (0.5) (0.5) (0.4) (0.3) (1.0) (2.1) (6.4) (2.0) (0.6) (1.5) (1.2) (10.9) (0.7) (0.4) (0.1) (0.1)
Acquisitions 0 0.2 (1,597.1) 0 (750.1) (271.6) 0 (5.1) 0 (99.6) 0 0 0 0.1 0 (6.3) 0 (40.4) (4.3) (147.8) (0.4) (234.1) (7.5) (184.1) (0.4) (423.8) 0 (13.7) 0 (78.3) 0 0 (340.1) (0.0) (2.7) (31.4) (13.7) 0 0.4 (10.3) (0.5) 0 (0.2) (4.2) 0 0 0 0 0 (17.4) (0.1) 0 0 0 0 0 0 (0.7) 0 0 (2.4) 0 0 0 0 0 0 0 0
Purchases of Investments 0 (0.2) 0 0 (284.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (65.4) (70.2) (60.3) 3.3 (11.6) (49.2) 0 0 0 0 (2.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 1.6 0 0 203.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.3 0 0 0 0 0 0 0 0 0 0 0 0 1.2 0 0 4.7 50.9 74.3 54.1 0 0 0 0 16.7 0.2 0 0 0 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 244.9 (322) 0.7 0.1 0.3 1.4 0 0 (51.9) 0 0 0 22.3 (5.9) (20.6) 0 0.2 0.0 (0.2) (123.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.0) (0.0) (0.0) (11.5) (16.4) 16.0 (2.9) (0.3) (2.1) (0.0) (8.1) 0.0 (0.1) 0.3 (0.5) (0.2) (2.8) (0.9) (0.7) (0.3) (0.4) (0.7) 0 (0.2) (0.1)
Investing Cash Flow (54) (66.2) (1,688.4) (150.8) (910.6) (350.1) (85.2) (97.3) (380.3) (162.6) (21.6) (34.8) (19.6) 7.4 (18.8) (45.3) (12.4) (83.8) (12.7) (150.5) (134.3) (240.3) (36.9) (189.7) 2.7 (425.9) (29.8) (18.7) (9.4) (86.1) (6.0) (7.2) (348.7) (4.7) (9.8) (37.9) (19.8) (5.8) (3.9) (13.9) 0.4 (16.3) 0.6 (12.8) (2.8) (12.4) (50.4) (13.0) (0.3) (1.9) (4.1) (4.5) (3.2) 0.2 (8.6) (0.4) (0.4) (1.4) (2.5) (6.6) (7.2) (1.5) (2.2) (1.5) (11.3) (1.4) (0.4) (0.3) (0.2)
Financing Activities
Net Debt Issuance 0 0 (1.3) (1.3) (0.7) (1.7) (1.2) (2.2) 0 0 0 0 0 (0.0) 0 (2.2) 0 0 0 0 0 (0.9) 999.2 0 745 0 0 0 0 0 0 0 0 (310) 0 0 (35) 0 0 (15) (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.9) 0.0 (2.6) 0 0 0 3 (0.7) 0 0 0
Stock Repurchased (527) (395.8) 110.8 (57.6) (53.2) (0.8) (28.7) 26 (26) (3.0) (1.0) (0.8) (21.6) (2.8) (0.5) (0.3) (19.5) (4.0) (0.9) (0.7) (27.7) (4.8) (0.4) (3.5) (30.1) (2.5) (0.8) (5.5) (18.7) (0.7) (1.3) (7.0) (15.4) (0.6) (0.9) (7.7) (5.8) (1.9) (0.6) (9.1) (4.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Financing Activities (1) (4.7) (158.8) 0 0 (0.2) 26.9 (29.2) (1.1) (0.7) 0 0 0 (746.1) 746.2 0 0 (0.4) 0 (0.1) 0 0 (749.3) (1.6) 0 (1.5) 0 (0.1) 0 0 0 0 0 (3.5) 0 0 1.2 1.0 1.0 2.7 1.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.0) 0 0 0 0 0 94.4 0 0.8 (1.7) 0.1 0
Financing Cash Flow (514) (396.9) (63.7) (51.1) (47.3) 0.1 1.5 7.2 (22.5) (0.7) 3.3 9.6 (15.9) (0.6) 749.1 1.2 (15.8) (1.3) 1.8 2.4 (18.5) (3.6) 249.5 1,691.2 725.2 (2.0) 5.5 (1.0) (6.6) 0.6 10.3 (3.4) (4.8) 521.3 (0.1) (1.2) (39.5) (0.8) 0.3 (21.5) (8.7) 4.7 1.0 0.2 2.7 1.9 58.1 1.3 2.2 0.1 0.1 0.3 0.2 0.1 0.3 0.5 0.5 (0.1) (0.7) 0.2 (1.7) 0.9 0 94.4 3 0.1 21 0.1 0
Cash Position
Net Change in Cash (417) (301.8) (1,692.2) (51.2) (902.8) (256.6) 18.1 (32.1) (264.3) (14.0) 24.6 149.6 87.7 193.5 810.3 35.0 102.0 65.5 86.7 (15.4) (65.6) (111.9) 319.4 1,620.5 857.2 (318.9) 91.8 65.0 132.4 28.6 105.5 34.8 (280.0) 588.5 58.4 (7.8) 5.2 45.1 57.9 2.4 39.9 (3.0) 4.5 (10.3) 6.1 (4.4) 12.3 (7.2) 5.6 (0.6) (1.9) (2.3) (1.3) 0.4 (10.7) (0.6) (1.7) (8.7) (8.5) (12.6) (17.2) (5.2) (3.1) 92.3 (9.6) (2.1) 20.7 0.2 (0.2)
Cash at Beginning 1,733 2,034.8 3,727 3,778.2 4,681 4,937.6 4,919.5 4,951.6 5,215.9 5,229.9 5,205.3 5,055.6 4,968 4,774.5 3,964.1 3,929.1 3,827.1 3,761.6 3,674.9 3,690.3 3,755.9 3,867.8 3,548.4 1,927.9 1,070.7 1,389.6 1,297.8 1,232.8 1,100.4 1,071.8 966.3 931.4 1,211.5 623.0 564.6 572.5 567.2 522.1 464.2 461.7 421.8 31.0 26.5 36.8 31.2 35.6 23.3 30.5 24.9 25.5 27.5 29.8 31.2 30.7 41.5 42.0 43.7 55.8 64.3 76.9 94.1 99.3 102.4 0 19.7 0 0 0 1.1
Cash at End 1,316 1,733 2,034.8 3,727 3,778.2 4,681 4,937.6 4,919.5 4,951.6 5,215.9 5,229.9 5,205.3 5,055.7 4,968.0 4,774.5 3,964.1 3,929.1 3,827.1 3,761.6 3,674.9 3,690.3 3,755.9 3,867.8 3,548.4 1,927.9 1,070.7 1,389.6 1,297.8 1,232.8 1,100.4 1,071.8 966.3 931.4 1,211.5 623.0 564.6 572.5 567.2 522.1 464.2 461.7 28.0 31.0 26.5 37.3 31.2 35.6 23.3 30.5 24.9 25.5 27.5 29.8 31.2 30.7 41.5 42.0 47.1 55.8 64.3 76.9 94.1 99.3 92.3 10.1 (2.1) 20.7 0.2 0.9
Free Cash Flow 98 (150.6) 352.6 (58.7) (26) 15.8 13.7 (34.1) (240.7) 137.4 37.3 170.3 103.6 170.1 68.6 63.0 118.3 106.8 90.5 130.0 77.2 124.6 77.3 111.5 124.3 105.7 86.7 80.1 139.1 106.9 95.4 39.1 64.4 66.7 60.9 24.3 58.4 45.1 57.5 34.7 44.6 7.1 (0.2) (0.1) 1.9 5.3 3.3 3.0 3.0 0.4 0.8 0.5 0.6 (0.4) 0.3 (1.1) (2.1) (8.2) (7.3) (12.6) (10.3) (5.3) (2.4) (1.8) (12.2) (1.5) (0.3) 0.3 (0.1)
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 897 900 833.6 781.3 732.2 709.4 692.6 677.8 656.4 640.1 624.7 605.9 584.4 573.3 556.9 536.3 515.8 506.8 499.3 480.3 457.7 444.4 425.6 397.2 391.8 374.7 352.8 343.8 328.4 315.6 305.5 297.0 273.7 254.0 247.5 237.2 226.6 218.3 212.7 206.9 199.7 193.0 189.1 170.7 159.0 156.1 153.1 147.7 119.1 115.6 112.3 109.0 104.0 100.1 96.0 85.2 68.6 66.2 63.8 62.1 59.6 58.2 57.1 55.8 55.1 54.6 53.6 50.1 51.4 52.9 53.8 53.5 52.3 50.8 49.3 47.8 44.8 42.1 40.6 38.9 37.3 35.8 34.3 32.9 31.3 29.7 28.6 27.5 26.3 25.3 23.2 20.7 19.5 18.6 18.1 17.4 16.8 15.7 14.6 11.4
Gross Profit 701 665 661.4 613.5 578.9 568.5 552 542 515.2 503.8 501 493.5 465.2 464.2 448.6 435.3 420.3 420.5 406.7 390.8 368.9 366.2 347.8 323.1 312.9 299.7 281.6 271.8 257.3 247.3 233.5 229.9 211.2 195.7 192.1 181.9 175.2 172.3 170.5 164.2 156.8 147.9 135.3 126.0 113.6 113.2 112.1 108.2 85.4 83.9 80.6 76.9 70.4 68.6 65.1 57.1 44.3 44.1 42.7 39.7 37.1 36.9 36.4 35.5 33.9 33.7 34.4 33.3 34.5 35.2 36.1 35.1 32.5 30.8 29.8 28.5 27.0 25.5 26.6 26.3 24.3 23.8 23.3 22.0 20.9 20.3 19.4 18.6 18.3 17.5 15.5 13.7 12.6 11.4 10.6 9.4 11.7 10.9 8.9 6.7
Operating Income 3 49.5 (51.1) (27.2) (42.8) 40 23.7 (16.1) (42.8) 69.3 61.6 79.1 72.2 127.2 85.3 110.2 128.3 140.4 89.7 101.0 101.2 55.2 76.8 81.3 75.9 101.0 94.3 74.8 93.5 105.7 70.7 43.8 53.4 50.8 57.5 27.9 37.7 46.9 39.6 28.1 30.3 35.5 (0.4) (20.1) (3.5) 23.3 23.5 16.9 17.1 21.7 19.8 15.3 (2.6) 9.9 8.9 (0.0) 8.6 7.8 3.0 3.9 7.1 7.0 6.1 4.5 5.1 6.0 7.0 8.2 10.7 12.8 11.3 8.5 7.2 12.3 3.8 0.2 1.4 4.0 5.8 2.4 1.8 4.1 1.0 1.2 1.0 2.2 2.0 1.4 1.2 1.0 (0.4) (0.9) (1.5) (3.3) (6.3) (8.3) (10.7) (12.9) (14.7) (10.9)
Net Income 3 47 (30.9) 6.2 (14.8) 59.8 53 19.2 6.7 96.5 90.6 100.5 87.1 124.4 72.3 83.5 89.3 92.9 64.3 61.1 74.2 35.8 58.2 60.4 72.8 87.9 78.6 63.2 85.2 83.5 58.8 43.8 52.2 44.2 34.2 22.2 22.1 29.6 23.2 15.6 16.7 23.0 (5.4) (15.0) (6.1) 13.9 13.0 8.2 9.7 12.8 11.1 8.3 (2.4) 4.7 6.8 (6.7) 5.1 5.2 2.3 2.6 4.5 3.8 3.4 3.3 2.9 3.6 4.3 4.6 6.1 7.5 6.6 5.4 5.0 9.7 3.2 1.2 1.8 3.5 4.7 2.3 1.9 3.2 1.1 1.1 1.0 19.4 2.4 1.7 1.5 1.0 (0.4) (0.8) (1.3) (2.6) (5.9) (7.6) (9.8) (11.6) (13.1) (15.1)
EPS (Diluted) 0.01 0.11 -0.07 0.01 -0.04 0.15 0.13 0.05 0.02 0.24 0.22 0.25 0.21 0.31 0.18 0.21 0.23 0.24 0.16 0.16 0.19 0.09 0.15 0.16 0.20 0.24 0.22 0.17 0.23 0.23 0.16 0.12 0.14 0.12 0.10 0.07 0.07 0.09 0.07 0.05 0.05 0.07 -0.02 -0.05 -0.02 0.04 0.04 0.03 0.03 0.04 0.04 0.03 -0.01 0.02 0.02 -0.03 0.02 0.02 0.01 0.01 0.02 0.02 0.02 0.02 0.01 0.02 0.02 0.02 0.03 0.04 0.03 0.03 0.03 0.05 0.02 0.01 0.01 0.02 0.03 0.01 0.01 0.02 0.01 0.01 0.01 0.11 0.01 0.01 0.01 0.01 -0.00 -0.00 -0.01 -0.02 -0.04 -0.05 -0.06 -0.08 -0.09 -0.11
Balance Sheet
Cash & Equivalents 1,316 1,733 2,034.8 3,727 3,778.2 4,681 4,937.6 4,919.5 4,951.6 5,215.9 5,229.9 5,205.3 5,055.6 4,968.0 4,774.5 3,964.1 3,929.1 3,827.1 3,761.6 3,674.9 3,690.3 3,693.8 3,867.8 3,548.4 1,927.9 1,070.7 1,389.6 1,297.8 1,232.8 1,100.4 1,071.8 966.3 931.4 1,211.5 623.0 564.6 572.5 567.2 522.1 464.2 461.7 188.3 170.2 205.8 183.4 170.6 43.3 37.3 31.2 35.6 30.5 24.9 25.5 27.5 41.5 42.0 43.7 47.1 55.8 64.3 76.9 94.1 99.3 102.4 10.1 19.7 21.8 1.1 0.9
Total Assets 10,164 10,538 10,819.9 10,507.1 10,428.1 9,256.8 9,138.7 9,067.3 9,034.5 8,919.7 8,771.7 8,691.7 8,516.9 8,402.5 8,205.9 7,420.7 7,357.4 7,256.9 7,131.3 7,075.6 6,942.0 6,915.4 6,797.3 6,479.0 4,684.6 3,854.0 3,715.4 3,620.6 3,548.3 3,313.0 3,207.2 3,122.6 3,095.1 2,873.4 2,280.6 2,220.0 2,195.2 2,185.1 2,152.6 2,107.2 2,106.0 415.5 407.9 404.6 353.9 342.0 301.7 198.0 191.7 183.9 121.0 118.9 118.9 118.2 127.3 132.3 139.0 145.9 160.0 181.6 204.4 136.9 132.6 133 40.9 27.5 28.8 7.9 7.3
Total Debt 1,141 1,144 1,132 1,105.7 1,110.3 1,042.4 1,110.4 1,102 1,109.9 1,110.4 1,107.9 1,101.9 1,097.7 1,105.6 1,111.9 1,120.1 1,118.3 1,113.6 1,118.2 1,130.5 1,103.1 1,124.7 1,122.9 888.4 889.5 149.8 137.6 143.6 145.2 4 0 0 0 0 305.5 304.8 304.1 338.3 337.5 336.7 350.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.0 0 1.9 0 0 0 3 0 0 1.7 1.7
Stockholders' Equity 7,913 8,334 8,615.8 8,601.4 8,556.2 7,553.5 7,491.1 7,395.7 7,342.6 7,338.6 7,210.2 7,101.1 6,965.6 6,870.1 6,706.9 5,884.4 5,797.3 5,711.7 5,603.4 5,527.2 5,446.9 5,375.4 5,318.1 5,224.3 3,462.8 3,405.6 3,299.2 3,204.1 3,128.6 3,021.9 2,928.3 2,850.6 2,801.0 2,651.2 1,762.4 1,716.7 1,683.8 1,654.2 1,618.7 1,585.9 1,565.5 367.7 362.4 359.0 324.7 311.2 266.9 176.8 172.3 168.4 106.0 103.3 104.0 104.7 110.2 113.7 119.1 126.4 135.0 146.3 159.3 119.7 123.1 125.3 30.5 23.2 24.7 2.4 2.5
Cash Flow
Operating Cash Flow 152 162.1 68.2 146.5 53.2 94.6 100.3 58.1 139.6 148.5 42.6 175.2 123.2 185.0 81.5 81.4 130.7 150.5 98.9 132.4 87.9 130.8 106.7 117.2 131.5 107.8 116.5 85.1 148.5 114.8 101.4 46.3 73.0 71.4 67.9 30.8 64.6 52.2 61.8 38.3 48.4 8.8 3.0 2.3 6.0 6.1 4.4 4.4 3.6 1.1 2.0 1.8 1.7 0.1 0.7 (0.6) (1.8) (7.1) (5.2) (6.2) (8.3) (4.7) (0.9) (0.6) (1.3) (0.8) 0.1 0.4 0
Capital Expenditure (54) (312.7) 284.4 (205.2) (79.2) (78.8) (86.6) (92.2) (380.3) (11.2) (5.3) (4.9) (19.6) (14.9) (12.9) (18.3) (12.4) (43.7) (8.4) (2.5) (10.6) (6.2) (29.4) (5.6) (7.1) (2.0) (29.8) (5.0) (9.4) (7.8) (6.0) (7.2) (8.6) (4.7) (7.1) (6.5) (6.1) (7.1) (4.3) (3.6) (3.8) (1.7) (3.2) (2.4) (4.1) (0.8) (1.1) (1.4) (0.6) (0.7) (1.1) (1.3) (1.0) (0.5) (0.5) (0.4) (0.3) (1.0) (2.1) (6.4) (2.0) (0.6) (1.5) (1.2) (10.9) (0.7) (0.4) (0.1) (0.1)
Free Cash Flow 98 (150.6) 352.6 (58.7) (26) 15.8 13.7 (34.1) (240.7) 137.4 37.3 170.3 103.6 170.1 68.6 63.0 118.3 106.8 90.5 130.0 77.2 124.6 77.3 111.5 124.3 105.7 86.7 80.1 139.1 106.9 95.4 39.1 64.4 66.7 60.9 24.3 58.4 45.1 57.5 34.7 44.6 7.1 (0.2) (0.1) 1.9 5.3 3.3 3.0 3.0 0.4 0.8 0.5 0.6 (0.4) 0.3 (1.1) (2.1) (8.2) (7.3) (12.6) (10.3) (5.3) (2.4) (1.8) (12.2) (1.5) (0.3) 0.3 (0.1)