CEMEX, S.A.B. de C.V. logo CX - CEMEX, S.A.B. de C.V.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 10
SELL 1
STRONG
SELL
0
| PRICE TARGET: $13.66 DETAILS
HIGH: $15.00
LOW: $12.75
MEDIAN: $13.45
CONSENSUS: $13.66
UPSIDE: 8.76%
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 4,019.1 4,146.6 4,245.4 4,125.7 3,614.2 3,708.8 4,055.0 4,356.7 3,942.5 3,521.5 4,363.9 4,482.9 4,035.8 3,868.7 3,955.6 4,028.1 3,724.6 3,513.1 3,693.0 3,821.0 3,374.1 3,537 3,424.5 2,902.6 3,076 2,938 3,377.1 3,400.4 3,094 3,015.5 3,636.2 185.7 183.0 126.8 193.2 202.0 178.1 107.8 175.5 190.6 3,306.8 3,112.1 3,581.3 3,779.8 3,357.2 2,627.6 4,078.8 4,154.1 3,638.1 3,935.5 4,019.0 3,733.2 3,395.8 3,769.4 3,983.4 3,771.3 3,533.3 3,672.6 3,614.3 4,052.1 3,426.5 3,739.5 3,832.9 3,704.1 3,139.8 2,847.1 4,171.3 4,248.8 3,772.5 12,162.5 6,204.8 6,348.2 5,400.5 6,077.7 6,101.2 4,912.9 4,300.7 4,825.3 4,651.5 4,613.5 3,928.7 4,055.7 4,298.1 4,375.9 2,585.2 2,262.6 2,047.4 2,047.4 1,809.0 1,884.4 1,855.0 1,599.9 1,741.5 1,753.2 1,815.6 1,581.4 1,549.6 1,394.0 1,360.5 1,325.1
Cost of Revenue 2,698.9 2,786.3 2,819.8 2,724.7 2,490.2 2,508.9 2,722.1 2,808.7 2,615.3 2,322.6 2,874.0 2,925.3 2,746.1 2,660.7 2,750.3 2,768.6 2,575.5 2,468.3 2,499.5 2,535.3 2,280.0 2,432 2,250.2 1,971.8 2,112 1,976 2,220.4 2,259.2 2,122 2,003.2 2,359.0 120.2 124.4 82.8 124.1 131.6 120.8 66.7 110.6 121.4 2,242.8 2,036.2 2,365.5 2,499.2 2,337.5 1,699.0 2,697.6 2,822.9 2,639.3 2,670.1 2,722.2 2,532.2 2,466.1 2,616.5 2,760.1 2,636.8 2,583.7 2,692.3 2,534.1 2,910.4 2,451.4 2,775.4 2,716.6 2,593.3 2,293.8 2,107.6 2,865.6 2,948.6 2,695.3 8,405.8 4,153.2 4,245.4 3,806.8 4,203.1 4,083.9 3,165.1 2,806.6 3,222.3 2,905.8 2,860.1 2,515.5 2,654.4 2,489.6 2,585.8 1,538.4 1,284.8 1,145.7 1,145.7 1,033.0 1,085.7 1,067.8 933.7 946.3 987.8 1,020.8 887.4 409.5 761.5 743.8 741.6
Gross Profit 1,320.2 1,360.3 1,425.6 1,401.1 1,124.0 1,200.0 1,332.9 1,547.9 1,327.2 1,198.9 1,489.9 1,557.6 1,289.7 1,208.0 1,205.3 1,259.5 1,149.1 1,044.8 1,193.5 1,285.7 1,094.0 1,105 1,174.3 930.8 964 962 1,156.7 1,141.2 972 1,012.3 1,277.2 65.6 58.6 44.0 69.1 70.4 57.3 41.1 64.9 69.2 1,064.0 1,075.9 1,215.8 1,280.6 1,019.7 928.6 1,381.1 1,331.2 998.8 1,265.4 1,296.8 1,201.0 929.8 1,152.9 1,223.3 1,134.5 949.6 980.3 1,080.2 1,141.7 975.1 964.1 1,116.3 1,110.8 846.1 739.5 1,305.7 1,300.2 1,077.2 3,756.7 2,051.6 2,102.8 1,593.7 1,874.6 2,017.4 1,747.8 1,494.1 1,603.0 1,745.7 1,753.4 1,413.3 1,401.3 1,808.5 1,790.1 1,046.9 977.8 901.7 901.7 776.0 798.7 787.2 666.1 795.2 765.4 794.8 694.1 1,140.1 632.4 616.7 583.5
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 799.3 (872.2) 816.5 850.0 775.7 (1,120.7) 849.1 886.2 852.3 (1,096.0) 880.9 859.0 802.0 (1,089.9) 793.4 780.5 699.0 (1,023.0) 697.7 718.8 645.3 754 673.2 653 704 708 808 0 681 784.2 0 0 0 29.2 906.4 795.2 0 0 734.0 753.5 693.9 12,868.4 13,275.4 0 10,279 0 0 0 0 0 0 773.8 685.0 862.6 804.2 770.9 707.0 756.3 802.5 886.4 802.5 822.2 826.8 820.9 692.9 694.0 899.1 883.2 741.6 2,509.9 1,095.8 1,204.1 1,132.2 1,246.2 1,077.5 942.2 936.2 948.0 925.0 895.4 860.5 879.2 1,037.5 1,038.7 606.6 502.5 406.4 406.4 383.2 437.0 397.3 414.1 391.8 374.9 335.5 304.1 241.8 198.0 200.9 186.6
Other Expenses 68.2 1,728.1 61.8 59.7 102.4 1,927.0 84.5 33.8 72.7 1,892.9 124.1 82.5 44.4 2,397.3 61.2 21.2 65.3 1,803.1 605.7 71.3 (520.3) 31 1,685.3 69.6 43 215 (0.5) 809.5 53 99.5 836.9 42.1 39.7 13.6 (837.3) (724.8) 29.6 25.2 (695.2) (710.7) 0 0 (86.7) (2.7) 1.3 0 (84.7) 62.2 (38.4) 0 (106.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 867.5 855.8 878.3 909.7 878.1 806.3 933.6 920.0 925.1 797.0 1,005.0 941.5 846.5 1,307.4 854.6 801.7 764.3 780.1 1,303.4 790.0 125.0 785 2,358.6 722.6 747 923 807.5 809.5 734 883.7 836.9 42.1 39.7 42.8 69.1 70.4 29.6 25.2 38.8 42.8 693.9 701.6 784.9 791.8 688.6 611.4 896.6 875.3 727.6 900.3 827.9 773.8 685.0 862.6 804.2 770.9 707.0 756.3 802.5 886.4 802.5 822.2 826.8 820.9 692.9 694.0 899.1 883.2 741.6 2,509.9 1,095.8 1,204.1 1,132.2 1,246.2 1,077.5 942.2 936.2 933.0 925.0 891.9 857.2 878.2 1,037.5 1,038.7 606.6 502.5 406.4 406.4 383.2 437.0 397.3 414.1 391.8 374.9 335.5 304.1 731.1 198.0 200.9 186.6
Operating Income
Operating Income 452.7 504.5 547.3 491.3 245.9 393.6 399.3 627.9 402.1 401.9 484.8 616.1 443.2 (99.4) 350.7 457.8 384.9 264.7 (109.9) 495.7 969.0 320 (1,184.2) 208.2 217 39 349.2 331.7 238 128.6 440.3 23.5 18.9 1.3 27.0 27.1 27.8 15.9 26.1 26.4 354.9 287.3 344.2 486.1 332.4 30.9 399.8 518.1 232.9 216.4 359.2 325.4 224.8 56.5 247.2 363.6 242.5 224.0 277.7 255.4 98.0 142.0 289.5 290.0 153.1 45.5 406.5 416.9 296.6 1,246.8 955.8 898.7 461.4 628.4 939.8 805.6 557.9 670.0 820.7 861.4 556.0 523.0 771.0 751.4 440.2 475.3 495.3 495.3 392.8 361.7 389.9 252.0 403.4 390.5 459.3 390.0 409.0 434.5 415.8 397.0
Interest Expense 102.8 152.4 110.3 144.5 136.4 155.5 165.1 133.4 140.9 167.2 155.1 136.4 158.1 136.4 96.3 117.1 133.8 148.4 143.2 153.7 244 193.3 248.3 180.7 184.8 200.9 166.7 170.0 203.8 186.8 154.8 155.9 190.6 148.3 261.1 286.1 275.5 181.2 310.9 336.5 279.3 251.4 304.1 307.9 337.4 219.0 419.6 435.1 412.3 418.0 406.8 334.9 377.2 319.8 371.5 329.7 355.9 259.0 338.1 351.6 350.9 350.5 338.5 306.2 324.7 330.8 272.1 213.5 211.4 555.5 286.8 0 271.2 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
Interest Income 14.8 (7.8) 12.2 3.2 8.3 (0.0) 4.7 3.4 9.9 6.4 6.7 9.4 3.7 14.3 1.7 2.0 1.3 1.4 0.4 6.3 3 2.9 3.7 4.0 2.2 1.9 6.3 5.5 1.3 1.7 4.0 4.7 4.9 3.4 4.2 1.8 2.2 3.7 4.9 3.3 8.1 6.1 4.4 5.3 3.6 2.5 5.8 6.3 7.9 9.3 7.3 7.8 8.1 13.0 10.7 22.3 14.5 12.5 8.2 6.4 10.4 11.0 7.1 10.8 6.6 5.2 10.7 5.9 7.4 33.6 19.2 0 11.6 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
Profitability
EBITDA 496.3 1,082.5 532.7 608.8 348.9 1,418.3 393.4 527.2 471.1 1,337.2 523.2 678.1 533.6 75.6 507.7 507.1 410.2 341.2 (68.5) 532.0 1,231.0 541 (942.3) 509.4 509 265 617.9 572.1 496 157.2 414.2 30.0 15.9 13.0 30.3 25.8 29.3 25.3 32.0 31.0 603.5 296.5 299.9 504.7 534.0 377.3 489.4 655.9 242.2 589.1 418.2 684.4 511.3 285.1 288.7 723.2 586.8 212.5 (53.8) 647.2 508.9 848.8 296.5 300.8 439.9 476.2 417.2 389.9 (27.4) (1,150.0) 975.0 752.5 473.0 391.6 691.3 768.9 552.8 670.0 553.4 861.4 393.2 523.0 631.4 522.3 274.8 456.4 497.2 469.3 339.3 361.7 324.6 252.0 403.4 292.2 289.1 288.6 394.0 434.5 415.8 358.3
EBIT 428.1 (28.9) 470.9 549.1 290.9 351.1 337.1 470.8 417.0 318.9 471.2 628.1 480.9 26.0 459.2 458.4 366.0 299.7 (114.9) 482.5 953.0 248 (1,217.3) 233.4 236 24 356.9 314.1 241 110.6 414.2 30.0 15.9 5.0 30.3 25.8 29.3 17.6 32.0 31.0 371.2 296.5 299.9 504.7 307.9 (23.0) 489.4 655.9 242.2 260.3 418.2 373.4 222.8 99.9 288.7 198.9 396.8 390.6 (53.8) 63.7 158.4 (14.1) 251.1 70.9 61.4 (101.5) 359.0 389.9 (27.4) (1,150.0) 349.2 752.5 834.8 628.4 2,732.8 805.6 590.2 670.0 820.7 861.4 556.0 523.0 771.0 751.4 440.2 475.3 495.3 469.3 392.8 361.7 389.9 252.0 403.4 390.5 459.3 390.0 409.0 434.5 415.8 397.0
Income Before Tax 325.3 (176.4) 360.8 428.7 175.9 193.5 197.9 326.4 273.3 136.7 338.5 500.3 350.5 (136.0) 325.2 333.1 247.6 133.5 (240.8) 328.8 708.5 70 (1,465.6) 52.8 66 (161) 190.2 144.3 52 (25.1) 243.1 21.2 4.7 (2.5) 15.9 10.3 14.0 8.9 17.1 12.8 93.3 45.1 (4.6) 208.8 (30.5) (242.0) 81.5 220.8 (170.1) (157.7) 11.4 38.5 (154.3) (220.0) (97.1) (130.8) 63.9 131.6 (641.7) (288.0) (192.6) (364.6) (87.4) (235.3) (239.1) (432.4) 86.9 191.8 (187.4) (1,705.5) 940.9 514.2 562.5 709.4 930.8 741.5 490.1 554.6 983.9 685.3 608.2 282.3 783.7 838.9 507.3 428.5 405.6 404.6 354.4 115.6 351.6 169.0 85.2 297.2 529.4 374.0 259.1 312.7 284.0 303.5
Income Tax Expense 93.9 112.3 120.9 100.1 51.8 (54.9) (18.6) 104.1 36.4 652.8 214.9 206.6 130.7 37.9 50.5 68.6 52.0 (89.7) 97.7 55.9 72.9 (19) (19.4) 39.8 50 11 36.0 53.2 62 38.2 84.5 2.5 2.9 5.0 (1.5) (5.2) 2.6 1.5 2.2 2.1 43.9 (66.3) 32.1 80.6 101.0 (96.6) 144.2 122.8 109.9 79.7 137.4 144.8 117.2 201.9 125.6 52.4 89.3 710.0 100.9 (12.7) 89.4 234.9 8.2 34.4 88.9 (581.6) (25.3) 4.5 (195.6) (1,727.8) 159.9 84.2 91.6 67.8 157.2 125.2 82.8 114.5 157.4 106.9 94.9 58.9 101.7 105.7 66.6 57.5 48.0 50.9 43.1 14.7 42.7 4.9 12.1 22.1 67.3 48.8 5.2 50.7 56.8 45.4
Net Income 227.7 (355.7) 263.7 318.0 734.0 48.5 405.7 230.4 254.4 (441.2) 125.9 271.8 225.4 (99.5) 494.1 265.3 198.1 194.7 (376.2) 269.9 664.5 70 (1,535.4) (43.7) 42 (238) 187.4 154.6 39 (65.8) 168.9 18.9 1.1 (8.8) 15.8 16.3 19.0 8.4 14.4 10.9 36.7 141.3 (43.3) 112.0 (146.9) (141.2) (104.2) 76.0 (296.7) (258.8) (155.3) (134.1) (287.1) (494.4) (207.1) (189.1) (26.3) (546.6) (748.6) (291.4) (279.5) (592.6) (90.9) (301.5) (352.9) (199.6) 119.6 189.3 2.9 (25.2) 793.4 447.3 470.8 570.5 780.1 611.5 400.1 428.3 836.4 578.8 505.2 258.5 674.7 732.7 443.9 375.6 361.2 361.2 311.3 101.0 309.0 164.1 73.1 384.3 407.7 276.5 253.9 262.0 227.2 258.1
Per Share Data
EPS (Basic) 1.70 5.69 0.18 0.22 0.51 -0.02 0.27 0.16 0.17 -0.30 0.09 0.19 0.15 -0.07 0.34 0.18 0.13 0.13 -0.25 0.18 0.44 0.05 -1.00 -0.03 0.03 -0.15 0.12 0.10 0.03 -0.04 0.11 0.25 0.01 -0.12 0.19 0.21 0.25 0.12 0.21 0.15 0.03 0.10 -0.03 0.09 -0.09 -0.10 -0.08 0.06 -0.23 -0.19 -0.12 -0.11 -0.23 -0.39 -0.17 -0.15 -0.02 -0.42 -0.59 -0.22 -0.22 -0.47 -0.07 -0.24 -0.31 -0.17 0.10 0.18 0.00 -0.02 0.75 0.43 0.44 0.53 0.73 0.58 0.37 0.42 0.81 0.57 0.51 0.26 0.67 0.76 0.46 0.40 0.37 0.40 0.34 0.11 0.35 0.25 0.10 0.55 0.61 0.42 0.48 0.40 0.35 0.40
EPS (Diluted) 1.60 5.69 0.18 0.22 0.51 0.01 0.27 0.16 0.17 -0.30 0.09 0.19 0.15 -0.07 0.34 0.18 0.13 0.13 -0.25 0.18 0.44 0.05 -1.00 -0.03 0.03 -0.15 0.11 0.10 0.03 -0.04 0.11 0.25 0.01 -0.11 0.18 0.21 0.25 0.11 0.21 0.15 0.03 0.10 -0.03 0.09 -0.09 -0.10 -0.08 0.06 -0.23 -0.18 -0.12 -0.11 -0.23 -0.39 -0.17 -0.15 -0.02 -0.42 -0.59 -0.22 -0.22 -0.47 -0.07 -0.24 -0.31 -0.17 0.10 0.18 0.00 -0.02 0.75 0.43 0.44 0.53 0.73 0.58 0.37 0.42 0.81 0.57 0.50 0.26 0.67 0.76 0.46 0.40 0.37 0.40 0.34 0.11 0.35 0.25 0.10 0.55 0.61 0.42 0.48 0.40 0.35 0.40
Shares Outstanding 146.3 144.9 1,470.6 1,450.8 1,450.8 1,547.0 1,517.8 1,467.5 1,495.6 1,470.4 1,448.8 1,448.8 1,503.0 1,416.5 1,448.8 1,450.8 1,523.8 1,498.6 1,472.9 1,499.7 1,510.3 1,490.6 1,490.7 1,618.7 1,555.6 1,534.3 1,561.4 1,500.4 1,444.4 1,521.4 1,500.1 1,503.2 1,510.7 1,512.8 1,512.8 1,508.9 1,406.1 1,447.0 1,406.1 1,346.8 1,346.8 1,402.0 1,400.6 1,453.7 1,615.9 1,356.2 1,312.8 1,410.6 1,285.0 1,326.7 1,285.0 1,257.6 1,230.2 1,268.5 1,230.2 1,277.5 1,324.8 1,296.4 1,268.8 1,316.9 1,269.9 1,267.1 1,264.9 1,263.3 1,128.0 1,163.7 1,145.6 1,066.6 1,109.6 1,079.1 1,063.9 1,038.3 1,068.8 1,082.5 1,068.8 1,050.3 1,081.0 1,027.2 994.8 974.4 1,001.3 974.1 1,002.3 966.7 966.7 939.0 965.0 901.1 922.9 891.5 880.2 653.6 701.7 694.1 670.7 659.4 534.2 661.6 646.9 640.4
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 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 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
Current Assets
Cash & Cash Equivalents 687.0 1,822.4 1,197.8 1,165.5 1,179.2 864 422.3 425.4 475.7 624 532.5 470.8 757.8 495 396.8 489.7 613 869.2 1,304.7 1,308.7 950 3,453.2 2,831.8 1,386.6 788 299.1 304.2 300.9 309 304.8 312.4 314.0 702.3 451.7 418.6 432.1 562.2 590.9 613.5 1,274.3 939.4 0 0 863.3 0 768.3 1,280.7 1,051.2 315.5 148.2 710.9 355.4 169.4 336.3 576.9 574.1 290.7 308.2 406.0 335.1 346.6 328.1 342.5 366.8 376.3
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 748.2 0 214.7 0 0 0 0 0 143.6 0 0 191.4 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 2,894.5 2,556.7 2,680.1 2,657.8 2,414.2 1,803 2,507.2 2,555.2 2,638.1 1,929 2,553.0 2,683.2 2,387.6 1,844 2,329.6 2,364.3 2,079 2,158.7 2,173.0 2,000.7 2,010 2,000.9 1,763.3 1,794.7 1,846 1,926.6 2,015.7 1,907.7 1,800 1,978.5 2,008.4 1,894.7 1,811.8 1,922.8 1,940.4 1,831.4 1,703.8 1,916.1 1,989.3 2,008.5 2,308.1 2,313.3 1,916.6 1,736.7 2,267.7 2,173.6 3,351.0 760.4 1,021.6 874.8 968.9 863.8 804.3 1,077.1 890.6 1,124.5 1,008.3 881.5 864.3 835.1 790.3 769.6 777.2 747.5 652.6
Inventory 1,510.4 1,522.4 1,559.4 1,619.7 1,556.2 1,485 1,557.9 1,636.7 1,800.1 1,789 1,734.6 1,823.4 1,767.4 1,783 1,571.9 1,500.5 1,392 1,212.2 1,132.5 1,073.8 1,088 934.2 929.0 971.3 989 1,016.6 1,089.1 1,114.3 1,081 1,062.6 1,034.0 1,021.0 963.5 996.3 1,011.5 989.8 867.0 936.1 954.0 1,053.4 1,226.9 1,345.1 1,401.7 1,313.9 1,509.1 1,505.3 1,748.3 644.5 633.0 595.3 720.8 738.1 706.2 719.9 701.7 724.3 741.2 717.4 525.5 554.3 563.0 558.6 434.1 435.2 468
Other Current Assets 549.9 195.4 519.5 216.2 250.8 864 1,494.4 1,173.1 269.8 663 259.8 280.9 237.6 404 485.4 466.5 141 270.5 385.6 324.6 187 340.0 600.4 624.4 956 341.4 427.5 509.6 231 308.8 383.3 324.6 169.9 261.7 533.1 917.1 1,334.1 1,075.1 619.1 7,001 422.7 242.9 1,756.9 210.3 1,239.7 276.4 395.6 89.8 95.1 66.8 102.3 104.3 79.8 127.2 138.1 162.0 123.9 98.7 95.5 80.9 76.8 61.1 73.8 73.8 127.2
Total Current Assets 5,641.7 6,096.9 5,956.7 5,659.3 5,400.3 5,016 5,981.9 5,790.5 5,183.7 5,005 5,079.9 5,258.3 5,150.4 4,526 4,783.6 4,821.0 4,225 4,510.6 4,995.8 4,707.8 4,235 6,728.2 6,124.5 4,777.0 4,579 3,583.6 3,836.6 3,832.5 3,421 3,654.7 3,738.2 3,554.3 3,647.5 3,632.6 3,903.6 4,170.4 4,467.2 4,518.2 4,387.2 4,985.2 4,897.1 4,649.5 5,075.2 4,338.9 5,016.5 4,723.6 6,775.6 2,545.9 2,065.2 1,828.5 2,502.9 2,061.5 1,951.2 2,260.4 2,307.3 2,584.8 2,164.0 2,005.9 1,891.4 1,805.5 1,776.7 1,717.4 1,627.6 1,623.3 1,624.1
Non-Current Assets
Property, Plant & Equipment 11,927.4 12,168.7 11,909.2 11,912.7 11,420.0 11,240 11,252.9 11,461.2 12,458.8 12,466 11,876.5 11,994.6 11,639.3 11,284 10,941.9 11,144.1 11,322 11,050.6 11,202.0 11,160.9 11,460 10,723.9 11,105.9 11,071.1 11,882 11,717.0 11,958.1 12,019.8 12,499 11,575.8 11,642.0 12,057.5 11,868.0 11,891.0 11,838.3 11,437.3 11,026.5 11,614.0 11,823.4 12,359.5 13,378.7 18,413.3 19,378.1 19,784.7 20,742.3 19,804.5 21,537.6 9,030.9 9,149.5 9,276.1 9,024.9 8,814.6 8,956.2 8,817.6 9,128.9 9,094.7 8,749.9 9,038.8 6,588.0 6,647.5 6,936.5 6,958.3 6,523.7 6,536.6 6,129.1
Goodwill 7,077.5 7,169.7 7,580.8 7,565.8 7,480.2 7,441 7,504.8 7,533.8 7,679.8 7,674 7,613.7 7,637.0 7,595.3 7,538 7,845.3 7,919.8 7,984 7,992.6 8,456.3 8,472.1 8,506 8,437.5 9,451.5 9,432.2 9,562 9,874.6 9,860.3 9,865.1 9,912 9,972.5 10,065.3 10,018.4 9,990.7 10,047.6 10,027.6 9,897.6 9,991.3 10,269.9 0 (207,864.5) 0 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 1,949.6 1,990.3 2,002.5 1,996.4 1,980.2 1,920 1,865.3 1,866.1 1,841.4 1,856 1,825.5 1,780.0 1,759.8 1,755 1,718.4 1,744.0 1,779 1,674.5 1,734.1 1,736.3 1,746 1,930.2 1,983.1 2,002.2 2,028 2,025.4 2,029.6 2,027.8 2,024 2,102.4 2,079.3 2,052.2 2,015.5 1,997.2 1,982.2 1,956.6 1,999.1 2,042.0 0 220,646 0 0 0 1,736.7 0 0 0 0 0 4,000.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 1,019.8 920.3 998.7 1,021.0 1,015.3 758 1,025.2 1,022.5 1,075.0 1,028 1,009.0 975.9 958.3 875 807.8 830.5 778 784.5 792.2 751.0 703 720.8 691.4 708.5 668 730.2 726.4 706.6 688 731.0 729.3 740.9 730.2 716.7 724.3 696.4 848.5 1,083.3 0 1,098.0 0 0 0 2,456.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 484.1 83.6 0 0.1 0 924 (0.1) 0 0 41 0 0 0 58 0 0 0 0 0 0 35 0 0 0 17 0 0 0 19 0 0 0 0 0 0 0 0 0 14,534.9 96.9 16,167.9 19,808.6 20,560.6 0 19,695.2 19,649.0 20,400.1 5,190.3 5,243.0 738.2 5,173.2 5,015.5 5,014.8 5,212.2 4,710.8 4,856.6 4,909.9 4,722.9 3,449.5 3,330.6 3,378.9 3,251.3 3,012.8 2,993.9 3,268.2
Total Non-Current Assets 22,458.4 22,869.2 23,052.0 23,142.7 22,574.5 22,283 22,012.9 22,244.7 23,418.8 24,596 22,578.7 22,703.4 22,337.9 22,965 21,819.4 22,165.8 23,471 22,269.7 22,914.1 22,854.6 23,190 22,504.8 23,835.4 23,820.9 24,784 24,925.1 25,133.6 25,067.8 25,760 25,034.4 25,236.6 25,644.7 25,361.8 25,708.3 25,544.5 24,802.1 24,643.7 25,908.3 26,358.3 27,239.7 29,546.6 38,221.9 39,938.7 40,164.8 40,437.4 39,453.5 41,937.7 14,221.2 14,392.5 14,205.8 14,198.0 13,830.1 13,971.0 14,029.8 13,839.7 13,951.3 13,659.9 13,761.7 10,037.5 9,978.1 10,315.3 10,209.6 9,536.5 9,530.5 9,397.3
Total Assets 28,100.1 28,966.1 29,008.8 28,801.9 27,974.8 27,299 27,994.8 28,035.2 28,602.6 29,601 27,658.6 27,961.6 27,488.3 27,491 26,603.0 26,986.8 27,696 26,780.3 27,909.9 27,562.4 27,425 29,233.0 29,959.8 28,597.9 29,363 28,508.7 28,970.2 28,900.3 29,181 28,689.1 28,974.8 29,199.0 29,009.3 29,340.9 29,448.1 28,972.5 29,110.9 30,426.5 30,745.5 32,224.9 34,443.7 42,871.4 45,013.9 44,503.7 45,453.9 44,177.1 48,713.3 16,767.0 16,457.8 16,034.3 16,700.9 15,891.6 15,922.2 16,290.2 16,147.0 16,536.2 15,823.9 15,767.5 11,928.9 11,783.6 12,092.0 11,927.0 11,164.1 11,153.8 11,021.4
Current Liabilities
Account Payables 2,802.5 3,108.0 2,942.9 2,960.3 2,928.1 3,090 2,808.1 2,870.5 2,917.2 3,109 2,939.6 3,002.2 2,870.2 2,966 2,858.6 2,904.0 2,762 2,633.6 2,653.2 2,485.0 2,571 2,150.2 2,071.6 2,205.4 2,526 2,252.4 2,359.2 2,346.5 2,537 2,405.7 2,471.5 2,385.6 2,373.0 2,109.2 2,104.7 1,942.7 1,936.9 1,802.5 0 1,659.9 0 0 0 1,390.6 0 0 0 0 0 489 0 0 407.9 0 0 0 0 559.9 0 0 0 389.6 0 0 0
Short-Term Debt 476.7 1,454.5 289.0 640.3 315.6 847 505.5 303.3 338.8 975 307.7 338.0 332.1 987 452.7 398.9 940 358.1 943.8 793.1 1,058 3,935.3 1,628.0 1,431.8 1,443 2,057.3 1,941.7 2,488.0 900 1,190.8 1,516.1 1,453.7 1,857.1 1,842.3 1,562.8 1,703.2 624.9 1,413.4 0 547.9 0 0 0 565.0 0 0 0 0 0 1,330.5 0 0 1,392.3 0 0 0 0 2,963.3 0 0 0 1,035.5 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 384 0 0 0 293 0 0 257 0 0 0 201 0 0 0 225 0 0 0 234 0 0 0 198.6 0 0 0 165.4 0 0 157.3 0 0 0 1,777.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 2,803.1 2,014.8 2,462.5 2,718.1 2,354.4 734 2,127.0 2,010.7 1,979.4 1,236 1,792.4 1,842.6 1,737.5 932 1,468.9 1,484.2 984 1,352.3 1,390.7 1,384.6 1,077 548.9 481.7 499.0 996 373.1 403.8 751.5 912 445.1 457.2 515.7 1,042.7 670.6 429.4 527.8 995.6 535.4 4,076.1 737.7 5,895.3 3,997.6 4,061.8 28.7 9,514.3 8,039.1 6,700.1 2,934.3 3,053.0 1,013.1 3,504.9 3,068.5 1,151.7 3,558.8 3,303.8 3,380.5 3,040.2 399.1 2,338.2 1,792.5 1,785.7 410.9 2,214.3 1,847.8 1,879.9
Total Current Liabilities 6,519.2 7,383.8 6,526.7 6,596.8 6,365.9 6,092 6,090.4 6,401.0 6,669.7 6,786 5,736.5 5,921.4 5,625.5 5,546 5,486.2 5,512.2 5,380 5,163.1 5,763.9 5,417.9 5,352 7,376.6 4,662.6 4,589.4 5,409 5,182.1 5,201.2 5,773.5 4,795 4,530.4 4,912.7 4,851.2 5,733.5 4,918.8 4,600.3 4,684.5 3,985.9 4,331.6 4,076.1 4,085.3 5,895.3 3,997.6 4,061.8 3,761.3 9,514.3 8,039.1 6,700.1 2,934.3 3,053.0 2,832.6 3,504.9 3,068.5 2,951.8 3,558.8 3,303.8 3,380.5 3,040.2 3,922.3 2,338.2 1,792.5 1,785.7 1,835.9 2,214.3 1,847.8 1,879.9
Non-Current Liabilities
Long-Term Debt 6,157.7 5,325.7 1,913.8 5,101.8 1,812.4 5,340 6,117.9 6,352.5 6,526.3 6,915 6,255.2 6,388.5 6,605.4 6,920 6,857.4 7,422.8 7,306 7,757.9 7,830.1 8,693.1 9,160 10,281.9 12,318.4 11,120.8 9,328 9,559.5 10,052.8 9,621.4 9,956 10,795.8 10,864.4 11,319.9 10,139.6 11,217.0 11,870.9 12,141.1 13,277.3 14,063.4 0 15,577.4 0 0 0 15,572.5 0 0 0 4,404.4 0 4,542.1 0 0 4,370.5 0 0 0 0 2,710.5 2,871.6 3,116.3 3,320.1 3,358.2 2,953.8 3,435.8 3,544.8
Deferred Tax Liabilities 601.3 601.3 548.0 0 548.0 548 443.0 443.0 443.0 1,611 394.1 394.1 394.1 1,438 484.5 484.5 1,531 643.3 657.7 657.7 658 734.0 754.7 720.2 720 748.4 748.4 748.4 748 805.0 814.9 804.9 807.6 988.9 982.7 977.8 951.1 1,107.5 0 1,157.2 0 0 0 2,494.8 0 0 0 0 0 1,054.7 0 0 1,089.5 0 0 0 0 1,328.9 0 0 0 110.7 0 0 0
Other Non-Current Liabilities 554.2 1,164.9 5,223.8 2,544.7 5,115.1 1,923 2,042.3 1,841.2 1,872.2 1,877 1,841.7 1,855.4 1,804.5 1,760 1,981.3 2,082.5 2,297 2,358.6 2,326.4 2,292.6 2,336 1,064.8 1,031.9 1,021.5 2,063 890.0 919.4 929.6 1,727 1,151.4 1,169.9 1,223.7 2,008.7 1,212.4 1,192.8 1,142.0 1,956.4 979.8 17,247.9 912.8 18,978.8 21,328.6 21,563.6 2,419.1 18,714.4 19,468.1 18,102.3 1,962.4 6,602.7 830.9 6,028.2 6,116.9 564.7 5,591.3 5,176.1 5,222.4 5,126.5 153.2 828.0 782.7 663.7 153.6 310.5 313.9 164.9
Total Non-Current Liabilities 8,137.9 7,960.4 8,564.1 8,547.7 8,377.6 8,730 9,491.9 9,534.3 9,820.5 11,411 9,420.2 9,576.3 9,728.4 11,036 10,200.3 10,897.2 12,045 11,625.7 11,704.9 12,569.9 13,121 13,047.0 15,080.0 13,833.9 13,155 12,268 12,715.4 12,312.5 13,509 12,752.2 12,849.2 13,348.5 13,083.8 13,418.3 14,046.4 14,260.9 16,247.5 16,150.7 17,247.9 18,776.8 18,978.8 21,328.6 21,563.6 21,056.5 18,714.4 19,468.1 18,102.3 6,366.8 6,602.7 6,427.7 6,028.2 6,116.9 6,024.7 5,591.3 5,176.1 5,222.4 5,126.5 4,192.6 3,699.6 3,899.0 3,983.8 3,622.4 3,264.3 3,749.7 3,709.7
Total Liabilities 14,657.1 15,344.1 15,090.8 15,144.6 14,743.5 14,822 15,582.4 15,935.3 16,490.3 18,197 15,156.8 15,497.7 15,353.8 16,582 15,686.5 16,409.5 17,425 16,788.8 17,468.8 17,987.7 18,473 20,423.6 19,742.5 18,423.3 18,564 17,450.1 17,916.6 18,086.0 18,304 17,282.6 17,761.9 18,199.7 18,817.4 18,337.1 18,646.7 18,945.4 20,233.4 20,482.3 21,324.0 22,862.2 24,874.1 25,326.3 25,625.4 24,817.8 28,228.7 27,507.2 29,529.0 9,301.1 9,655.7 9,260.3 9,533.1 9,185.4 8,976.5 9,150.1 8,479.9 8,602.9 8,166.7 8,114.8 6,037.8 5,691.5 5,769.5 5,458.3 5,478.6 5,597.5 5,589.6
Stockholders' Equity
Common Stock 5.8 318.1 5.8 7,699.1 5.8 318 5.8 5.8 318.1 318 6.2 6.2 6.2 318 6.2 6.2 318 6.3 6.3 6.3 318 6.3 6.3 6.3 318 6.0 6.1 6.0 318 6.8 6.4 6.9 213.2 6.9 6.9 221.3 202.0 215.1 0 6,938.3 0 0 0 0 0 0 0 0 0 311.3 0 0 323.6 0 0 0 0 316.2 0 0 0 294.6 0 0 0
Retained Earnings 6,124.7 6,077.0 6,432.7 6,168.7 5,850.7 5,247 5,198.4 4,792.7 4,562.3 4,428 4,868.9 4,743.1 4,471.2 4,246 4,344.9 3,850.8 3,388 3,192.6 3,568.8 3,298.8 2,635 83.6 1,619.0 1,662.7 1,621 2,037.6 1,848.2 1,473.4 1,622 1,744.0 1,492.2 1,198.9 1,093.9 1,289.2 1,006.2 1,185.2 759.4 587.0 0 533.5 0 0 0 6,302.7 0 0 0 9,104.2 0 8,743.0 0 8,978.8 8,897.3 9,437.2 8,023.7 8,606.8 8,193.4 7,916.9 0 0 0 7,108.8 0 0 0
Accumulated Other Comprehensive Income (686.9) (462.0) (528.4) (2,482.8) (614.6) (770) (2,783.6) (708.6) (498.2) (1,075) (385.8) (285.8) (339.4) (1,439) (1,659.5) (1,539.3) (1,357) (1,463.5) (1,472.7) (2,506.7) (2,359) (3,067.8) (3,209.9) (3,257.6) (2,691) (2,837.3) (2,685.8) 642.6 (2,563) 327.6 773.7 293.9 529.4 264.6 355.2 630.8 988.2 1,383.9 0 711.8 0 0 0 0 0 0 15,446.8 (2,006.9) 6,383.5 (6,039.0) 6,004.7 (3,467.5) (6,455.3) (3,507.8) 0 0 0 (5,309.1) 0 0 0 (4,174.5) 0 0 0
Total Stockholders' Equity 13,136.9 13,314.3 13,603.6 13,360.5 12,935.2 12,176 12,099.0 11,783.2 11,763.3 11,052 12,169.7 12,143.8 11,818.3 10,501 10,495.5 10,121.6 9,827 9,539.3 9,989.4 8,685.4 8,075 7,403.0 8,792.0 8,783.7 9,296 9,557.2 9,510.9 9,245.8 9,305 9,839.1 9,645.3 9,428.3 9,001.1 9,506.7 9,330.3 8,587.0 7,912.7 8,537.4 8,224.7 8,183.7 8,430.5 15,985.7 16,118.9 16,346.1 13,903.6 13,420.4 15,446.8 7,097.3 6,383.5 6,241.4 6,004.7 5,511.2 5,739.9 5,929.4 5,698.6 5,918.6 5,269.0 5,253.8 5,096.1 4,879.1 5,041.8 5,209.5 4,384.5 4,330 4,167.8
Total Liabilities & Equity 28,101.3 28,966.1 29,008.8 28,801.9 27,974.8 27,299 27,994.8 28,035.2 28,602.6 29,601 27,658.6 27,961.6 27,488.3 27,491 26,603.0 26,986.8 27,696 26,780.3 27,909.9 27,562.4 27,425 29,233.0 29,959.8 28,597.9 29,363 28,508.7 28,970.2 28,900.3 29,181 28,689.1 28,974.8 29,199.0 29,009.3 29,340.9 29,448.1 28,972.5 29,110.9 30,426.5 30,745.5 32,224.9 34,443.7 42,871.4 45,013.9 44,503.7 45,453.9 44,177.1 48,713.3 16,767.0 16,457.8 16,034.3 16,700.9 15,891.6 15,922.2 16,290.2 16,147.0 16,536.2 15,823.9 15,767.5 11,928.9 11,783.6 12,092.0 11,927.0 11,164.1 11,153.8 11,021.4
Debt Metrics
Total Debt 7,459.3 7,648.6 3,081.3 6,921.4 3,030.1 7,358 7,512.2 7,553.4 7,844.2 8,876 7,492.1 7,664.9 7,861.8 8,825 8,187.2 8,729.1 9,157 8,981.9 9,664.6 10,412.7 11,185 15,183.6 14,921.3 13,524.0 11,815 12,687.0 12,989.3 13,122.5 11,934 11,986.6 12,380.5 12,773.7 12,124.6 13,059.3 13,433.7 13,844.3 13,964.9 15,476.8 0 16,223.7 0 0 0 16,137.6 0 0 0 4,404.4 0 5,872.6 0 0 5,762.8 0 0 0 0 5,673.8 2,871.6 3,116.3 3,320.1 4,393.6 2,953.8 3,435.8 3,544.8
Net Debt 6,772.3 5,826.2 1,883.6 5,755.9 1,851.0 6,494 7,089.9 7,128.0 7,368.6 8,252 6,959.6 7,194.1 7,104.0 8,330 7,790.4 8,239.4 8,544 8,112.7 8,360.0 9,104.0 10,235 11,730.4 12,089.5 12,137.4 11,027 12,387.9 12,685.1 12,821.5 11,625 11,681.8 12,068.1 12,459.6 11,422.3 12,607.6 13,015.1 13,412.2 13,402.7 14,886.0 (613.5) 14,949.4 (939.4) 0 0 15,274.3 0 (768.3) (1,280.7) 3,353.2 (315.5) 5,724.5 (710.9) (355.4) 5,593.4 (336.3) (576.9) (574.1) (290.7) 5,365.5 2,465.6 2,781.2 2,973.6 4,065.5 2,611.3 3,069 3,168.5
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
Operating Activities
Net Income 225.4 (289.5) 231.9 333.4 115.5 48.5 209.8 230.4 254.4 (441.2) 114.8 285.0 225.4 (99.5) 261.2 258.4 187.5 194.7 (376.2) 269.9 640 80.6 (1,459.1) 11.0 16 (150.6) 154 91 (10) (2.1) 168.9 375.8 20.3 (148.1) 285.7 294.5 356.8 158.9 279.5 200.5 49.4
Depreciation & Amortization 342.3 324.3 335.4 335.7 309.1 311.0 309.3 310.3 320.8 219.6 305.9 303.0 297.7 196.5 286.4 285.0 281.6 239.3 270.8 289.9 278 292.7 275.7 278.7 273 272.6 261 258 255 46.7 261.3 253.8 255.6 158.8 205.1 222.1 219.7 159.0 215.3 215.3 232.3
Stock-Based Compensation 0 0 0 0 0 55 0 0 0 61 0 0 0 47 0 0 0 77 0 0 0 0 0 0 0 0 0 0 0 668.1 0 0 0 817 0 0 0 742 0 0 0
Change in Working Capital (453.9) 533.9 129.0 (194.0) (489.3) 204.1 193.1 (16.2) (254.5) 477.0 280.4 (38.0) (284.7) 267.4 (141.6) (181.8) (450.8) 118.4 (52.3) (209.8) (325) 424.1 185.4 (286.0) (348) 576.8 23 (5) (471) 367.0 88.5 (235.3) (292.7) 642.1 146.9 (2.5) (107.5) 351.3 (29.3) (56.7) (155.6)
Other Non-Cash Items 11.5 413.5 (21.4) (130.2) (60.1) 464.6 (278.8) 12.4 (351.4) 260.3 (59.1) (107.2) (234.4) (12.5) (107.5) (79.7) 15.0 (363.2) 741.5 351.3 (548) 106.3 1,669.9 204.7 (30) 23.9 (39) (16) (23) 20.8 159.3 171.5 221.9 93.5 65.6 111.1 (368.0) (47.5) 349.4 452.5 (57.9)
Operating Cash Flow 157.2 1,056.5 761.1 377.1 (130.4) 1,083.3 424.4 536.9 (30.7) 576.7 710.0 513.3 4.0 398.8 319.9 305.2 45.1 266.2 583.8 701.5 120 831.9 597.4 212.5 (39) 705.9 435 381 (187) 473.7 678.1 565.8 205.0 845.1 703.4 625.2 101.1 654.9 814.9 811.7 112.1
Investing Activities
Capital Expenditure (125.9) (348.3) (267.8) (243.6) (194.7) (383.0) (256.7) (204.4) (158.1) (288.7) (236.3) (192.9) (182.1) (259.8) (240.1) (230.3) (172.7) (247.9) (233.1) (185.3) (135) (220.5) (90.3) (100.2) (143) (46.9) (207) (126) (112) (105.4) (237.5) (183.9) (181.5) (275.3) (126.6) (130.7) (92.2) 3,361.8 (173.9) (151.0) (95.8)
Acquisitions 20.4 182.4 2.5 26.0 905.7 0 200.5 0 0 0 4.8 93.9 0 0 356.0 41.7 3.1 0 0 0 27 (157.3) 191.8 21.8 441 (56.6) (9) 103 386 1.5 0 0 0 (108.7) 0 0 0 (4.8) 0 0 0
Purchases of Investments (202.2) (1.9) (33.8) (0.0) (8.7) 0 (58.0) 0 0 0 (8.7) (143.8) 0 0 (20.7) 0 0 0 0 0 0 35.7 4.7 (5.1) 0 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (3.7) (3.2) 0.4 (0.4) 941.4 (26.2) (120.7) (26.3) (156.8) (28.1) (35.0) (14.9) (7.3) (67.0) (54.8) (56.4) (97.5) 65.0 (52.5) (5) 113.4 (26.3) (23.6) 38 111.9 (209) (129) (114) (84.7) (70.7) (61.4) (86.9) (273.5) 146.9 133.1 897.8 121.8 (32.2) 32.7 (162.5)
Investing Cash Flow (345.5) (234.2) (358.2) (267.8) 595.9 372.2 (200.8) (325.1) (184.3) (445.5) (318.2) (321.5) (197.0) (267.2) 23.3 (301.2) (251.5) (345.4) (168.1) (237.8) 487 (246.9) 72.0 (117.9) 336 6.9 (218) (26) 272 (83.2) (308.1) (245.3) (268.3) (382.3) 20.3 2.5 805.6 117.0 (206.1) (118.3) (162.5)
Financing Activities
Net Debt Issuance (539.0) 0 (114.3) 41.4 (96.0) (1,088.0) (75.3) 163.8 198.2 0 (128.7) (221.8) (418.3) (2,330.9) (530.6) (247.9) 320.6 (4,607.7) (679.2) (815.7) (231) (2,909.3) (150.0) 1,381.9 516 (87.2) (35) 0 102 155.8 (231.2) (284.0) (86.5) (129.7) (481.3) (570.4) (630.7) (158.0) (903.9) 0 545.0
Stock Repurchased (100.0) 0 0 0 0 0 0 0 0 (994.5) 0 0 0 (0.1) 0 0.5 (111.8) (994.5) (87.1) 0 0 (1.0) 0.9 (1.9) (83) 8.6 (50) 0 0 (77.3) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (32.1) (32.6) (32.6) (32.8) (29.8) (173.0) (29.7) (30.0) 0 (120) 0 0 0 (51) 0 0 0 (24) 0 0 0 (24.1) 0 0 0 (75.1) 0 (74.9) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (269.2) (1,184.5) (179.6) (75.1) (53.4) 268.5 (37.9) (322.2) (111.2) 1,063.7 (141.7) (302.2) 835.6 2,248.3 94.5 140.0 (22.5) 5,504.5 (84.8) 347.9 (31) (101.7) 71.3 (17.0) (96) (33.4) (138) (320) (134) (392.8) (142.5) (39.4) (238.4) (86.6) (207.9) (91.8) (458.1) (560.3) 303.0 (1,271.0) (29.0)
Financing Cash Flow (940.3) (219.5) (326.5) (66.5) (179.2) (992.4) (142.9) (188.4) 87.0 (50.8) (270.4) (524.0) 417.3 (133.7) (436.1) (107.4) 186.3 (121.7) (851.1) (467.8) (262) (3,036.0) (77.8) 1,363.0 337 (187.1) (223) (320) (32) (314.3) (373.8) (323.4) (324.9) (216.3) (689.3) (662.2) (1,088.9) (718.3) (600.9) (1,271.0) 516.0
Cash Position
Net Change in Cash (1,135.0) 624.6 32.3 (13.7) 315.2 441.7 (3.1) (50.2) (148.3) 91.5 61.7 (286.9) 262.8 98.2 (92.9) (103.3) (20.0) (256.2) (435.4) (4.1) 359 (2,503.2) 621.3 1,445.3 599 488.8 (5) 3 (8) 4.8 (3.8) (2.9) (387.7) 247.2 32.9 (20.7) (122.2) (36.4) (22.8) (663.5) 389.2
Cash at Beginning 1,822.0 1,197.8 1,165.5 1,179.2 864 422.3 425.5 475.7 624 532.5 470.8 757.8 495 396.8 489.7 592.9 613.0 869.2 1,304.7 1,308.7 950 3,453.3 2,832.0 1,386.7 788 299.1 304 301 309 304 308.3 311.1 698.9 452.5 417.5 438.2 560.4 594.1 616.3 1,279.8 885.1
Cash at End 687.0 1,822.4 1,197.8 1,165.5 1,179.2 864 422.3 425.4 475.7 624 532.5 470.8 757.8 495 396.8 489.7 592.9 613 869.2 1,304.7 1,309 950.1 3,453.3 2,832.0 1,387 787.9 299 304 301 308.8 304.4 308.3 311.1 699.6 450.4 417.5 438.2 557.7 593.5 616.3 1,274.3
Free Cash Flow 31.2 708.1 493.3 133.5 (325.1) 700.3 167.7 332.5 (188.7) 288.0 473.7 320.3 (178.1) 139.0 79.7 74.9 (127.5) 18.3 350.7 516.2 (15) 611.4 507.0 112.3 (182) 659.0 228 255 (299) 368.3 440.6 381.9 23.6 569.9 576.7 494.5 8.9 4,016.7 641.0 660.7 16.4
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 4,019.1 4,146.6 4,245.4 4,125.7 3,614.2 3,708.8 4,055.0 4,356.7 3,942.5 3,521.5 4,363.9 4,482.9 4,035.8 3,868.7 3,955.6 4,028.1 3,724.6 3,513.1 3,693.0 3,821.0 3,374.1 3,537 3,424.5 2,902.6 3,076 2,938 3,377.1 3,400.4 3,094 3,015.5 3,636.2 185.7 183.0 126.8 193.2 202.0 178.1 107.8 175.5 190.6 3,306.8 3,112.1 3,581.3 3,779.8 3,357.2 2,627.6 4,078.8 4,154.1 3,638.1 3,935.5 4,019.0 3,733.2 3,395.8 3,769.4 3,983.4 3,771.3 3,533.3 3,672.6 3,614.3 4,052.1 3,426.5 3,739.5 3,832.9 3,704.1 3,139.8 2,847.1 4,171.3 4,248.8 3,772.5 12,162.5 6,204.8 6,348.2 5,400.5 6,077.7 6,101.2 4,912.9 4,300.7 4,825.3 4,651.5 4,613.5 3,928.7 4,055.7 4,298.1 4,375.9 2,585.2 2,262.6 2,047.4 2,047.4 1,809.0 1,884.4 1,855.0 1,599.9 1,741.5 1,753.2 1,815.6 1,581.4 1,549.6 1,394.0 1,360.5 1,325.1
Gross Profit 1,320.2 1,360.3 1,425.6 1,401.1 1,124.0 1,200.0 1,332.9 1,547.9 1,327.2 1,198.9 1,489.9 1,557.6 1,289.7 1,208.0 1,205.3 1,259.5 1,149.1 1,044.8 1,193.5 1,285.7 1,094.0 1,105 1,174.3 930.8 964 962 1,156.7 1,141.2 972 1,012.3 1,277.2 65.6 58.6 44.0 69.1 70.4 57.3 41.1 64.9 69.2 1,064.0 1,075.9 1,215.8 1,280.6 1,019.7 928.6 1,381.1 1,331.2 998.8 1,265.4 1,296.8 1,201.0 929.8 1,152.9 1,223.3 1,134.5 949.6 980.3 1,080.2 1,141.7 975.1 964.1 1,116.3 1,110.8 846.1 739.5 1,305.7 1,300.2 1,077.2 3,756.7 2,051.6 2,102.8 1,593.7 1,874.6 2,017.4 1,747.8 1,494.1 1,603.0 1,745.7 1,753.4 1,413.3 1,401.3 1,808.5 1,790.1 1,046.9 977.8 901.7 901.7 776.0 798.7 787.2 666.1 795.2 765.4 794.8 694.1 1,140.1 632.4 616.7 583.5
Operating Income 452.7 504.5 547.3 491.3 245.9 393.6 399.3 627.9 402.1 401.9 484.8 616.1 443.2 (99.4) 350.7 457.8 384.9 264.7 (109.9) 495.7 969.0 320 (1,184.2) 208.2 217 39 349.2 331.7 238 128.6 440.3 23.5 18.9 1.3 27.0 27.1 27.8 15.9 26.1 26.4 354.9 287.3 344.2 486.1 332.4 30.9 399.8 518.1 232.9 216.4 359.2 325.4 224.8 56.5 247.2 363.6 242.5 224.0 277.7 255.4 98.0 142.0 289.5 290.0 153.1 45.5 406.5 416.9 296.6 1,246.8 955.8 898.7 461.4 628.4 939.8 805.6 557.9 670.0 820.7 861.4 556.0 523.0 771.0 751.4 440.2 475.3 495.3 495.3 392.8 361.7 389.9 252.0 403.4 390.5 459.3 390.0 409.0 434.5 415.8 397.0
Net Income 227.7 (355.7) 263.7 318.0 734.0 48.5 405.7 230.4 254.4 (441.2) 125.9 271.8 225.4 (99.5) 494.1 265.3 198.1 194.7 (376.2) 269.9 664.5 70 (1,535.4) (43.7) 42 (238) 187.4 154.6 39 (65.8) 168.9 18.9 1.1 (8.8) 15.8 16.3 19.0 8.4 14.4 10.9 36.7 141.3 (43.3) 112.0 (146.9) (141.2) (104.2) 76.0 (296.7) (258.8) (155.3) (134.1) (287.1) (494.4) (207.1) (189.1) (26.3) (546.6) (748.6) (291.4) (279.5) (592.6) (90.9) (301.5) (352.9) (199.6) 119.6 189.3 2.9 (25.2) 793.4 447.3 470.8 570.5 780.1 611.5 400.1 428.3 836.4 578.8 505.2 258.5 674.7 732.7 443.9 375.6 361.2 361.2 311.3 101.0 309.0 164.1 73.1 384.3 407.7 276.5 253.9 262.0 227.2 258.1
EPS (Diluted) 1.60 5.69 0.18 0.22 0.51 0.01 0.27 0.16 0.17 -0.30 0.09 0.19 0.15 -0.07 0.34 0.18 0.13 0.13 -0.25 0.18 0.44 0.05 -1.00 -0.03 0.03 -0.15 0.11 0.10 0.03 -0.04 0.11 0.25 0.01 -0.11 0.18 0.21 0.25 0.11 0.21 0.15 0.03 0.10 -0.03 0.09 -0.09 -0.10 -0.08 0.06 -0.23 -0.18 -0.12 -0.11 -0.23 -0.39 -0.17 -0.15 -0.02 -0.42 -0.59 -0.22 -0.22 -0.47 -0.07 -0.24 -0.31 -0.17 0.10 0.18 0.00 -0.02 0.75 0.43 0.44 0.53 0.73 0.58 0.37 0.42 0.81 0.57 0.50 0.26 0.67 0.76 0.46 0.40 0.37 0.40 0.34 0.11 0.35 0.25 0.10 0.55 0.61 0.42 0.48 0.40 0.35 0.40
Balance Sheet
Cash & Equivalents 687.0 1,822.4 1,197.8 1,165.5 1,179.2 864 422.3 425.4 475.7 624 532.5 470.8 757.8 495 396.8 489.7 613 869.2 1,304.7 1,308.7 950 3,453.2 2,831.8 1,386.6 788 299.1 304.2 300.9 309 304.8 312.4 314.0 702.3 451.7 418.6 432.1 562.2 590.9 613.5 1,274.3 939.4 0 0 863.3 0 768.3 1,280.7 1,051.2 315.5 148.2 710.9 355.4 169.4 336.3 576.9 574.1 290.7 308.2 406.0 335.1 346.6 328.1 342.5 366.8 376.3
Total Assets 28,100.1 28,966.1 29,008.8 28,801.9 27,974.8 27,299 27,994.8 28,035.2 28,602.6 29,601 27,658.6 27,961.6 27,488.3 27,491 26,603.0 26,986.8 27,696 26,780.3 27,909.9 27,562.4 27,425 29,233.0 29,959.8 28,597.9 29,363 28,508.7 28,970.2 28,900.3 29,181 28,689.1 28,974.8 29,199.0 29,009.3 29,340.9 29,448.1 28,972.5 29,110.9 30,426.5 30,745.5 32,224.9 34,443.7 42,871.4 45,013.9 44,503.7 45,453.9 44,177.1 48,713.3 16,767.0 16,457.8 16,034.3 16,700.9 15,891.6 15,922.2 16,290.2 16,147.0 16,536.2 15,823.9 15,767.5 11,928.9 11,783.6 12,092.0 11,927.0 11,164.1 11,153.8 11,021.4
Total Debt 7,459.3 7,648.6 3,081.3 6,921.4 3,030.1 7,358 7,512.2 7,553.4 7,844.2 8,876 7,492.1 7,664.9 7,861.8 8,825 8,187.2 8,729.1 9,157 8,981.9 9,664.6 10,412.7 11,185 15,183.6 14,921.3 13,524.0 11,815 12,687.0 12,989.3 13,122.5 11,934 11,986.6 12,380.5 12,773.7 12,124.6 13,059.3 13,433.7 13,844.3 13,964.9 15,476.8 0 16,223.7 0 0 0 16,137.6 0 0 0 4,404.4 0 5,872.6 0 0 5,762.8 0 0 0 0 5,673.8 2,871.6 3,116.3 3,320.1 4,393.6 2,953.8 3,435.8 3,544.8
Stockholders' Equity 13,136.9 13,314.3 13,603.6 13,360.5 12,935.2 12,176 12,099.0 11,783.2 11,763.3 11,052 12,169.7 12,143.8 11,818.3 10,501 10,495.5 10,121.6 9,827 9,539.3 9,989.4 8,685.4 8,075 7,403.0 8,792.0 8,783.7 9,296 9,557.2 9,510.9 9,245.8 9,305 9,839.1 9,645.3 9,428.3 9,001.1 9,506.7 9,330.3 8,587.0 7,912.7 8,537.4 8,224.7 8,183.7 8,430.5 15,985.7 16,118.9 16,346.1 13,903.6 13,420.4 15,446.8 7,097.3 6,383.5 6,241.4 6,004.7 5,511.2 5,739.9 5,929.4 5,698.6 5,918.6 5,269.0 5,253.8 5,096.1 4,879.1 5,041.8 5,209.5 4,384.5 4,330 4,167.8
Cash Flow
Operating Cash Flow 157.2 1,056.5 761.1 377.1 (130.4) 1,083.3 424.4 536.9 (30.7) 576.7 710.0 513.3 4.0 398.8 319.9 305.2 45.1 266.2 583.8 701.5 120 831.9 597.4 212.5 (39) 705.9 435 381 (187) 473.7 678.1 565.8 205.0 845.1 703.4 625.2 101.1 654.9 814.9 811.7 112.1
Capital Expenditure (125.9) (348.3) (267.8) (243.6) (194.7) (383.0) (256.7) (204.4) (158.1) (288.7) (236.3) (192.9) (182.1) (259.8) (240.1) (230.3) (172.7) (247.9) (233.1) (185.3) (135) (220.5) (90.3) (100.2) (143) (46.9) (207) (126) (112) (105.4) (237.5) (183.9) (181.5) (275.3) (126.6) (130.7) (92.2) 3,361.8 (173.9) (151.0) (95.8)
Free Cash Flow 31.2 708.1 493.3 133.5 (325.1) 700.3 167.7 332.5 (188.7) 288.0 473.7 320.3 (178.1) 139.0 79.7 74.9 (127.5) 18.3 350.7 516.2 (15) 611.4 507.0 112.3 (182) 659.0 228 255 (299) 368.3 440.6 381.9 23.6 569.9 576.7 494.5 8.9 4,016.7 641.0 660.7 16.4