DLB - Dolby Laboratories, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$90.33
DETAILS
HIGH:
$112.00
LOW:
$74.00
MEDIAN:
$85.00
CONSENSUS:
$90.33
UPSIDE:
80.16%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Revenue | 1,349.1 | 1,273.7 | 1,299.7 | 1,253.8 | 1,281.3 | 1,161.8 | 1,241.6 | 1,054.6 | 1,081.5 | 1,025.7 | 970.6 | 960.2 | 909.7 | 926.3 | 955.5 | 922.7 | 719.5 | 640.2 | 482.0 | 391.5 | 328.0 | 289.0 | 217.5 | 161.9 | 124.7 |
| Cost of Revenue | 160.1 | 140.5 | 152.6 | 141.4 | 130.0 | 146.5 | 160.9 | 127.6 | 118.3 | 109.0 | 94.8 | 70.2 | 96.7 | 92.0 | 111.2 | 122.2 | 84.8 | 67.8 | 74.3 | 76.0 | 80.2 | 91.5 | 73.6 | 57.7 | 50.4 |
| Gross Profit | 1,189.0 | 1,133.2 | 1,147.2 | 1,112.4 | 1,151.2 | 1,015.3 | 1,080.8 | 927.0 | 963.1 | 916.8 | 875.8 | 890 | 813.0 | 834.2 | 844.3 | 800.5 | 634.7 | 572.5 | 407.8 | 315.5 | 247.7 | 197.5 | 143.8 | 104.2 | 74.2 |
| Operating Expenses | |||||||||||||||||||||||||
| R&D Expenses | 261.8 | 263.7 | 271.5 | 261.2 | 253.6 | 239.0 | 237.9 | 236.8 | 233.3 | 219.6 | 201.3 | 183.1 | 168.7 | 140.1 | 123.9 | 105.0 | 66.7 | 62.1 | 44.1 | 35.4 | 30.5 | 23.5 | 18.3 | 15.1 | 16.1 |
| SG&A Expenses | 647.2 | 604.9 | 612.8 | 634.0 | 556.8 | 555.7 | 549.3 | 507.2 | 468.3 | 464.1 | 460.9 | 430.8 | 393.1 | 330.9 | 287.3 | 249.5 | 225.5 | 224.1 | 178.8 | 154.2 | 135.2 | 106.5 | 76.6 | 0 | 48.2 |
| Other Expenses | 15.0 | 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 | 924.0 | 868.5 | 884.4 | 895.2 | 810.5 | 794.7 | 787.1 | 744.0 | 701.7 | 683.7 | 662.3 | 613.9 | 561.8 | 471.1 | 411.2 | 354.5 | 292.2 | 286.2 | 222.9 | 189.5 | 165.7 | 129.9 | 94.9 | 15.1 | 64.3 |
| Operating Income | |||||||||||||||||||||||||
| Operating Income | 265.0 | 264.7 | 262.8 | 217.2 | 340.8 | 220.6 | 293.6 | 183.1 | 261.5 | 233.0 | 213.5 | 276.1 | 251.1 | 363.2 | 433.1 | 446.0 | 342.5 | 286.3 | 184.9 | 126.0 | 82.1 | 67.6 | 47.7 | 0.5 | 9.9 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0.7 | 0.9 | 2.1 | 3.1 | 1.8 | 1.9 | 2.3 | 2.1 | 0.6 | 3.4 |
| Interest Income | 15.4 | 34.1 | 28.1 | 6.6 | 3.5 | 12.7 | 24.9 | 19.0 | 9.6 | 5.7 | 4.5 | 3.3 | 3.8 | 6.4 | 10.0 | 7.3 | 11.3 | 17.9 | 26.2 | 18.7 | 7.0 | 1.4 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||
| EBITDA | 378.6 | 399.8 | 345.6 | 318.9 | 450.4 | 330.6 | 367.4 | 277.7 | 341.0 | 321.1 | 314.9 | 329.4 | 303.9 | 413.1 | 484.6 | 472.7 | 401.1 | 328.7 | 227.3 | 161.3 | 104.4 | 79.0 | 56.7 | 89.0 | 9.9 |
| EBIT | 280.0 | 312.5 | 250.1 | 215.3 | 354.5 | 239.7 | 282.3 | 196.4 | 256.6 | 235.9 | 245.8 | 276.1 | 250.6 | 369.2 | 440.6 | 437.7 | 372.4 | 303.9 | 212.5 | 148.4 | 93.1 | 70.4 | 0 | 0.5 | 0 |
| Income Before Tax | 303.5 | 312.5 | 250.1 | 215.3 | 354.5 | 239.7 | 282.3 | 196.4 | 256.6 | 235.9 | 245.8 | 276.1 | 250.6 | 369.0 | 440.6 | 437.0 | 371.4 | 301.8 | 209.4 | 146.6 | 91.2 | 68.1 | 47.6 | (0.2) | 6.5 |
| Income Tax Expense | 47.0 | 48.2 | 48.4 | 31.4 | 36.7 | 8.1 | 26.8 | 154.1 | 54.2 | 49.5 | 62.5 | 67.4 | 60.3 | 103.9 | 130.1 | 154.2 | 127.1 | 100.8 | 65.1 | 55.8 | 37.3 | 27.3 | 16.1 | 0.0 | 4.2 |
| Net Income | 255.0 | 261.8 | 200.7 | 184.1 | 310.2 | 231.4 | 255.2 | 41.7 | 201.8 | 185.9 | 181.4 | 206.1 | 189.3 | 264.3 | 309.3 | 283.4 | 243.0 | 199.5 | 142.8 | 89.5 | 52.3 | 39.8 | 31.0 | (0.1) | 5.7 |
| Per Share Data | |||||||||||||||||||||||||
| EPS (Basic) | 2.66 | 2.74 | 2.00 | 1.84 | 3.07 | 2.30 | 2.51 | 1.18 | 1.98 | 1.85 | 1.75 | 2.02 | 1.86 | 2.47 | 2.78 | 2.50 | 2.15 | 1.79 | 1.31 | 0.85 | 0.54 | 0.47 | 0.36 | -0.00 | 0.07 |
| EPS (Diluted) | 2.62 | 2.69 | 1.96 | 1.81 | 2.97 | 2.25 | 2.44 | 1.14 | 1.95 | 1.81 | 1.73 | 1.99 | 1.84 | 2.46 | 2.75 | 2.46 | 2.11 | 1.74 | 1.26 | 0.80 | 0.50 | 0.43 | 0.36 | -0.00 | 0.07 |
| Shares Outstanding | 95.9 | 95.5 | 95.8 | 100.0 | 101.2 | 100.6 | 101.6 | 103.4 | 101.8 | 100.7 | 102.4 | 102.2 | 101.9 | 106.9 | 111.4 | 113.5 | 113.1 | 111.5 | 109.2 | 105.7 | 97.0 | 85.6 | 85.0 | 85.0 | 85 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 701.9 | 577.8 | 818.0 | 628.4 | 1,233.0 | 1,080.0 | 805.6 | 925.2 | 634.4 | 519.8 | 534.9 | 570.6 | 454.4 | 468.6 | 394.5 | 156.4 | 132.8 | 121.7 | 128.1 | 108.7 | 372.6 | 78.7 | 61.9 | 22.6 |
| Short-Term Investments | 0.7 | 0 | 139.1 | 189.2 | 38.8 | 46.9 | 119.1 | 178.1 | 247.8 | 121.6 | 138.9 | 231.2 | 140.3 | 326.7 | 548.3 | 691.7 | 602.7 | 392.8 | 471.6 | 377.0 | 0 | 0 | 0 | 0 |
| Net Receivables | 511.9 | 512.9 | 444.4 | 419.7 | 414.9 | 341.7 | 385.5 | 334.5 | 76.2 | 77.0 | 112.4 | 90.2 | 105.4 | 49.2 | 69.6 | 57.8 | 23.0 | 27.6 | 28.2 | 23.6 | 33.2 | 24.4 | 15.8 | 0 |
| Inventory | 30.4 | 33.7 | 35.6 | 23.5 | 11.0 | 25.6 | 32.3 | 26.2 | 25.1 | 16.4 | 13.9 | 8.5 | 10.1 | 16.7 | 26.2 | 28.3 | 13.0 | 18.1 | 14.9 | 11.1 | 11.7 | 7.2 | 4.2 | 0 |
| Other Current Assets | 115.3 | 40.2 | 26.3 | 23.2 | 32.8 | 35.1 | 20.9 | 13.9 | 11.4 | 11.6 | 104.6 | 93.6 | 92.4 | 94.1 | 100.0 | 110 | 129.4 | 131.7 | 90.7 | 52.3 | 36.6 | 34.5 | 23.6 | 0 |
| Total Current Assets | 1,388.3 | 1,194.4 | 1,487.8 | 1,310.9 | 1,760.5 | 1,547.2 | 1,381.5 | 1,302.0 | 1,011.4 | 759.7 | 918.3 | 1,005.9 | 812.7 | 970.3 | 1,158.6 | 1,060.4 | 900.8 | 691.9 | 733.4 | 572.6 | 454.2 | 144.8 | 105.6 | 22.6 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 503.8 | 518.2 | 521.8 | 560.0 | 601.5 | 618.5 | 537.4 | 514.2 | 485.3 | 443.7 | 403.1 | 289.8 | 242.9 | 254.7 | 117.1 | 94.1 | 92.2 | 87.9 | 85.6 | 77.0 | 76.5 | 72.3 | 65.7 | 0 |
| Goodwill | 529.9 | 533.2 | 408.4 | 365.1 | 340.7 | 336.9 | 334.8 | 328.0 | 311.1 | 309.6 | 307.7 | 277.6 | 279.7 | 281.4 | 263.3 | 264.6 | 261.1 | 250.4 | 39.4 | 23.2 | 23.9 | 22.0 | 0 | 0 |
| Intangible Assets | 397.1 | 434.5 | 167.4 | 112.3 | 122.9 | 152.4 | 180.9 | 184.0 | 189.6 | 215.3 | 127.5 | 63.7 | 41.3 | 56.5 | 51.6 | 67.0 | 82.0 | 83.1 | 35.4 | 15.0 | 17.2 | 6.8 | 14.3 | 0 |
| Long-Term Investments | 80.2 | 89.3 | 97.8 | 102.5 | 62.8 | 52.1 | 179.6 | 187.8 | 314.4 | 393.9 | 321.0 | 296.3 | 306.3 | 361.6 | 272.8 | 190.8 | 205.9 | 181.0 | 73.2 | 32.9 | 0 | 0.2 | 0 | 0 |
| Other Non-Current Assets | 114.2 | 120.6 | 94.7 | 55.1 | 61.3 | 91.2 | 93.4 | 80.1 | 30.8 | 21.1 | 9.5 | 9.1 | 11.6 | 13.7 | 6.3 | (5.1) | 15.4 | (7.8) | (11.6) | (11.9) | 7.8 | 9.1 | 11.1 | 0 |
| Total Non-Current Assets | 1,839.5 | 1,936.2 | 1,506.8 | 1,391.3 | 1,362.4 | 1,390.4 | 1,442.6 | 1,371.6 | 1,529.5 | 1,556.8 | 1,215.0 | 978.2 | 925.2 | 990.5 | 725.8 | 631.4 | 680.5 | 619.4 | 245.9 | 155.6 | 125.3 | 110.4 | 97.1 | 0 |
| Total Assets | 3,227.8 | 3,130.6 | 2,994.6 | 2,702.2 | 3,122.9 | 2,937.6 | 2,824.1 | 2,868.2 | 2,541.0 | 2,316.5 | 2,133.3 | 1,984.0 | 1,737.9 | 1,960.8 | 1,884.4 | 1,691.8 | 1,581.3 | 1,311.2 | 979.3 | 728.2 | 579.5 | 442.4 | 202.7 | 125.6 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 17.8 | 17.4 | 20.9 | 14.2 | 17.8 | 12.6 | 15.2 | 21.9 | 14.4 | 17.5 | 20.7 | 15.9 | 10.7 | 14.8 | 127.9 | 148.2 | 113.8 | 10.1 | 9.3 | 4.6 | 6.5 | 6.5 | 9.6 | 0 |
| Short-Term Debt | 0 | 12.2 | 13.6 | 13.3 | 15.4 | 15.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6 | 1.6 | 1.6 | 1.4 | 1.3 | 1.3 | 1.1 | 0 |
| Deferred Revenue | 31.4 | 31.6 | 31.5 | 18.6 | 18.5 | 15.4 | 20.0 | 17.5 | 23.1 | 24.2 | 18.9 | 12.5 | 20.9 | 23.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.7 | 0 |
| Other Current Liabilities | 106.6 | 250.3 | 232.7 | 146.1 | 155.4 | 130.3 | 189.4 | 158.6 | 114.8 | 97.8 | 99.0 | 86.7 | 83.4 | 68.8 | 102.6 | 92.2 | 97.2 | 136.5 | 93.0 | 57.9 | 43.5 | 34.1 | 38.0 | 0 |
| Total Current Liabilities | 437.8 | 417.8 | 422.2 | 277.5 | 315.7 | 267.1 | 306.9 | 272.1 | 245.8 | 213.1 | 209.1 | 189.4 | 172.8 | 156.8 | 159.4 | 165.8 | 156.6 | 200.7 | 143.2 | 92.9 | 72.8 | 64.5 | 51.4 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.8 | 7.8 | 9.7 | 10.9 | 12.1 | 13.6 | 14.5 | 0 |
| Deferred Tax Liabilities | 0 | 20.7 | 14.8 | 12.6 | 17.2 | 20.3 | 2.4 | 2.8 | 7.4 | 6.4 | 0 | 0 | 0 | 2.7 | 0.7 | 11.5 | 13.6 | 16.8 | 11.5 | 8.4 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 99.8 | 135.9 | 108.3 | 100.1 | 105.3 | 122.2 | 177.5 | 183.8 | 107.5 | 82.9 | 77.0 | 43.7 | 45.4 | 39.8 | 23.5 | 7.1 | 31.5 | 8.5 | (9.6) | (2.7) | 13.3 | 15.8 | 26.9 | 0 |
| Total Non-Current Liabilities | 158.0 | 225.9 | 200.2 | 173.6 | 202.9 | 232.1 | 204.2 | 212.5 | 151.4 | 124.7 | 107.6 | 63.0 | 65.1 | 60.7 | 39.7 | 31.4 | 61.6 | 39.2 | 16.7 | 21.1 | 27.3 | 30.2 | 41.4 | 0 |
| Total Liabilities | 595.8 | 643.7 | 622.4 | 451.2 | 518.7 | 499.2 | 511.1 | 497.7 | 397.1 | 337.8 | 317.3 | 252.4 | 237.9 | 217.6 | 199.0 | 197.1 | 218.2 | 239.9 | 159.9 | 114.0 | 100.1 | 94.7 | 92.8 | 0 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 |
| Retained Earnings | 2,635.0 | 2,496.3 | 2,392.0 | 2,297.7 | 2,607.9 | 2,443.1 | 2,327.9 | 2,139.2 | 2,083.1 | 1,938.3 | 1,798.8 | 1,660.5 | 1,454.4 | 1,709.5 | 1,445.2 | 1,135.9 | 852.5 | 609.5 | 409.7 | 266.9 | 177.4 | 125.1 | 85.2 | 0 |
| Accumulated Other Comprehensive Income | (12.5) | (19.2) | (37.0) | (51.6) | (10.0) | (10.6) | (20.6) | (15.8) | (7.8) | (10.2) | (11.5) | 3.0 | 7.8 | 10.7 | 7.5 | 7.8 | 9.5 | 4.7 | 11.5 | 3.8 | (24.7) | (33.3) | 1.5 | 0 |
| Total Stockholders' Equity | 2,622.6 | 2,477.2 | 2,355.1 | 2,246.2 | 2,598.0 | 2,432.6 | 2,307.4 | 2,189.6 | 2,136.7 | 1,970.3 | 1,805.0 | 1,710.0 | 1,481.1 | 1,720.3 | 1,663.5 | 1,494.7 | 1,341.1 | 1,049.3 | 797.2 | 594.3 | 461.1 | 143.3 | 93.8 | 60.6 |
| Total Liabilities & Equity | 3,227.8 | 3,130.6 | 2,994.6 | 2,702.2 | 3,122.9 | 2,937.6 | 2,824.1 | 2,868.2 | 2,541.0 | 2,316.5 | 2,133.3 | 1,984.0 | 1,737.9 | 1,960.8 | 1,884.4 | 1,691.8 | 1,581.3 | 1,311.2 | 979.3 | 728.2 | 579.5 | 442.4 | 202.7 | 125.6 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 38.9 | 47.0 | 50.6 | 50.9 | 72.1 | 81.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.4 | 9.4 | 11.3 | 12.3 | 13.5 | 14.9 | 15.6 | 0 |
| Net Debt | (663.0) | (530.8) | (767.3) | (577.4) | (1,160.9) | (998.8) | (805.6) | (925.2) | (634.4) | (519.8) | (534.9) | (570.6) | (454.4) | (468.6) | (394.5) | (156.4) | (125.3) | (112.3) | (116.8) | (96.3) | (359.1) | (63.8) | (46.3) | (22.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 256.5 | 264.3 | 201.6 | 183.9 | 317.8 | 231.6 | 255.5 | 42.3 | 207.1 | 186.4 | 183.2 | 208.7 | 190.3 | 265.1 | 310.6 | 282.8 | 244.3 | 199.5 | 142.8 | 89.5 | 52.3 | 39.8 | 31.0 |
| Depreciation & Amortization | 98.6 | 87.3 | 95.5 | 103.6 | 112.8 | 111.9 | 85.1 | 81.3 | 84.3 | 85.2 | 69.1 | 53.3 | 53.2 | 43.9 | 44.0 | 34.9 | 28.7 | 24.8 | 14.5 | 12.9 | 11.3 | 8.5 | 7.5 |
| Stock-Based Compensation | 128.5 | 119.8 | 118.5 | 114.9 | 99.7 | 86.6 | 76.6 | 71.2 | 65.3 | 67.0 | 67.1 | 65.7 | 64.3 | 47.6 | 43.7 | 28.8 | 21.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (17.0) | (118.7) | (47.1) | (56.3) | (24.6) | (100.4) | (61.2) | 83.8 | 49.5 | 37.7 | 18.9 | 30.7 | (20.3) | 15.8 | (10.4) | 1.6 | (11.5) | 56.3 | 40.2 | 41.2 | (4.8) | (1.2) | 0.4 |
| Other Non-Cash Items | 0.6 | (3.9) | 16.9 | 1.9 | (20.8) | 19.4 | 11.8 | 12.5 | 6.6 | 6.6 | (14.4) | 9.9 | 8.6 | 16.3 | 9.0 | (4.8) | (15.4) | 5.7 | (1.5) | 7.5 | 21.7 | 9.8 | 3.7 |
| Operating Cash Flow | 472.2 | 327.3 | 367.1 | 318.6 | 447.8 | 343.8 | 327.7 | 352.2 | 377.8 | 360.1 | 309.4 | 361.5 | 276.5 | 389.9 | 403.7 | 327.3 | 273.2 | 264.5 | 163.0 | 132.5 | 80.4 | 46.9 | 39.6 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (41.9) | (30.0) | (30.3) | (59.5) | (54.5) | (69.0) | (113.5) | (85.4) | (104.9) | (221.8) | (194.9) | (113.3) | (30.8) | (167.7) | (47.4) | (38.3) | (23.6) | (13.6) | (15.8) | (8.0) | (14.7) | (12.5) | (6.8) |
| Acquisitions | (1.4) | (487.9) | 25.7 | (38.2) | (4.5) | 0 | (14.9) | (22.9) | 0 | 0 | (66.3) | 0 | 0 | (12.5) | (3.4) | (5.6) | (16.6) | (253.0) | (30.2) | 0 | (4.6) | (18.4) | (7.1) |
| Purchases of Investments | (0.1) | (160.2) | (173.0) | (316.3) | (67.1) | (287.8) | (265.4) | (174.2) | (289.5) | (426.1) | (392.9) | (389.3) | (485.4) | (611.2) | (619.2) | (646.1) | (373.2) | (304.1) | (427.8) | (438.3) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 15.9 | 391.8 | 231.8 | 118.0 | 64.8 | 491.1 | 337.6 | 360.5 | 236.4 | 366.1 | 451.4 | 296.6 | 692.5 | 594.7 | 429.7 | 643.4 | 176.9 | 299.4 | 280.9 | 284.0 | 0 | 0 | 0 |
| Other Investing Activities | 11.3 | 0 | 0 | (11.5) | 16.4 | (2.6) | (17.3) | (12.5) | (5.2) | (121.7) | (38.2) | (36.9) | (5.4) | 1.6 | 3.6 | 1.3 | (9.6) | 0.0 | 0.1 | (1.0) | (11.8) | 0.1 | (0.2) |
| Investing Cash Flow | (10.6) | (286.3) | 54.2 | (295.9) | (44.9) | 134.4 | (56.2) | 78.1 | (158.0) | (282.5) | (203.6) | (204.9) | 175.0 | (194.8) | (236.7) | (44.4) | (236.5) | (271.3) | (192.8) | (163.4) | (31.1) | (30.9) | (14.1) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | – | – | – | – | – | – | (0.1) | (0.5) | – | (7.7) | (1.5) | (1.5) | (1.5) | (1.4) | (1.3) | (1.2) | (1.4) |
| Stock Repurchased | (162.2) | (199.1) | (180.4) | (566.9) | (278.1) | (196.8) | (363.4) | (172.6) | (117.7) | (114.5) | (123.1) | (69.7) | (91.1) | (272.0) | (197.0) | (244.1) | 0 | 0 | 0 | 0 | (0.1) | (0.1) | (0.0) |
| Dividends Paid | (126.6) | (114.6) | (103.4) | (100.1) | (89.2) | (88.6) | (77.5) | (66.2) | (57.1) | (48.4) | (41.0) | 0 | (408.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.1) | (14.4) | (0.8) | (1.4) | (7.4) | (5.0) | (1.8) | (1.0) | (2.1) | (0.2) | (3.1) | (4.3) | (4.6) | 0.9 | 6.6 | 24.6 | 19.5 | 21.7 | 21.8 | 13.8 | 0 | 0 | 0 |
| Financing Cash Flow | (247.2) | (287.8) | (236.8) | (610.6) | (252.5) | (207.8) | (385.3) | (133.6) | (106.8) | (92.0) | (138.5) | (40.6) | (488.0) | (254.3) | (162.5) | (184.8) | 21.5 | 34.9 | 30.5 | 20.2 | 244.7 | (0.0) | (1.4) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 215.6 | (240.2) | 189.6 | (604.7) | 153.1 | 274.4 | (119.7) | 290.9 | 114.6 | (15.8) | (36.5) | 114.1 | (38.2) | (58.9) | 5.7 | 94.2 | 56.9 | 26.3 | 4.9 | (8.9) | 293.7 | 16.8 | 24.5 |
| Cash at Beginning | 577.8 | 818.0 | 628.4 | 1,233.0 | 1,080.0 | 805.6 | 925.2 | 634.4 | 519.8 | 531.9 | 568.5 | 454.4 | 492.6 | 551.5 | 545.9 | 451.7 | 394.8 | 368.5 | 363.5 | 372.4 | 78.7 | 61.9 | 37.4 |
| Cash at End | 793.4 | 577.8 | 818.0 | 628.4 | 1,233.0 | 1,080.0 | 805.6 | 925.2 | 634.4 | 516.1 | 531.9 | 568.5 | 454.4 | 492.6 | 551.5 | 545.9 | 451.7 | 394.8 | 368.5 | 363.5 | 372.4 | 78.7 | 61.9 |
| Free Cash Flow | 430.3 | 297.2 | 336.7 | 259.1 | 393.3 | 274.9 | 214.1 | 266.8 | 272.9 | 138.3 | 114.4 | 248.2 | 245.7 | 222.2 | 356.3 | 289.0 | 249.7 | 250.9 | 147.2 | 124.5 | 65.7 | 34.3 | 32.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||
| Revenue | 1,349.1 | 1,273.7 | 1,299.7 | 1,253.8 | 1,281.3 | 1,161.8 | 1,241.6 | 1,054.6 | 1,081.5 | 1,025.7 | 970.6 | 960.2 | 909.7 | 926.3 | 955.5 | 922.7 | 719.5 | 640.2 | 482.0 | 391.5 | 328.0 | 289.0 | 217.5 | 161.9 | 124.7 |
| Gross Profit | 1,189.0 | 1,133.2 | 1,147.2 | 1,112.4 | 1,151.2 | 1,015.3 | 1,080.8 | 927.0 | 963.1 | 916.8 | 875.8 | 890 | 813.0 | 834.2 | 844.3 | 800.5 | 634.7 | 572.5 | 407.8 | 315.5 | 247.7 | 197.5 | 143.8 | 104.2 | 74.2 |
| Operating Income | 265.0 | 264.7 | 262.8 | 217.2 | 340.8 | 220.6 | 293.6 | 183.1 | 261.5 | 233.0 | 213.5 | 276.1 | 251.1 | 363.2 | 433.1 | 446.0 | 342.5 | 286.3 | 184.9 | 126.0 | 82.1 | 67.6 | 47.7 | 0.5 | 9.9 |
| Net Income | 255.0 | 261.8 | 200.7 | 184.1 | 310.2 | 231.4 | 255.2 | 41.7 | 201.8 | 185.9 | 181.4 | 206.1 | 189.3 | 264.3 | 309.3 | 283.4 | 243.0 | 199.5 | 142.8 | 89.5 | 52.3 | 39.8 | 31.0 | (0.1) | 5.7 |
| EPS (Diluted) | 2.62 | 2.69 | 1.96 | 1.81 | 2.97 | 2.25 | 2.44 | 1.14 | 1.95 | 1.81 | 1.73 | 1.99 | 1.84 | 2.46 | 2.75 | 2.46 | 2.11 | 1.74 | 1.26 | 0.80 | 0.50 | 0.43 | 0.36 | -0.00 | 0.07 |
| Balance Sheet | |||||||||||||||||||||||||
| Cash & Equivalents | 701.9 | 577.8 | 818.0 | 628.4 | 1,233.0 | 1,080.0 | 805.6 | 925.2 | 634.4 | 519.8 | 534.9 | 570.6 | 454.4 | 468.6 | 394.5 | 156.4 | 132.8 | 121.7 | 128.1 | 108.7 | 372.6 | 78.7 | 61.9 | 22.6 | |
| Total Assets | 3,227.8 | 3,130.6 | 2,994.6 | 2,702.2 | 3,122.9 | 2,937.6 | 2,824.1 | 2,868.2 | 2,541.0 | 2,316.5 | 2,133.3 | 1,984.0 | 1,737.9 | 1,960.8 | 1,884.4 | 1,691.8 | 1,581.3 | 1,311.2 | 979.3 | 728.2 | 579.5 | 442.4 | 202.7 | 125.6 | |
| Total Debt | 38.9 | 47.0 | 50.6 | 50.9 | 72.1 | 81.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.4 | 9.4 | 11.3 | 12.3 | 13.5 | 14.9 | 15.6 | 0 | |
| Stockholders' Equity | 2,622.6 | 2,477.2 | 2,355.1 | 2,246.2 | 2,598.0 | 2,432.6 | 2,307.4 | 2,189.6 | 2,136.7 | 1,970.3 | 1,805.0 | 1,710.0 | 1,481.1 | 1,720.3 | 1,663.5 | 1,494.7 | 1,341.1 | 1,049.3 | 797.2 | 594.3 | 461.1 | 143.3 | 93.8 | 60.6 | |
| Cash Flow | |||||||||||||||||||||||||
| Operating Cash Flow | 472.2 | 327.3 | 367.1 | 318.6 | 447.8 | 343.8 | 327.7 | 352.2 | 377.8 | 360.1 | 309.4 | 361.5 | 276.5 | 389.9 | 403.7 | 327.3 | 273.2 | 264.5 | 163.0 | 132.5 | 80.4 | 46.9 | 39.6 | ||
| Capital Expenditure | (41.9) | (30.0) | (30.3) | (59.5) | (54.5) | (69.0) | (113.5) | (85.4) | (104.9) | (221.8) | (194.9) | (113.3) | (30.8) | (167.7) | (47.4) | (38.3) | (23.6) | (13.6) | (15.8) | (8.0) | (14.7) | (12.5) | (6.8) | ||
| Free Cash Flow | 430.3 | 297.2 | 336.7 | 259.1 | 393.3 | 274.9 | 214.1 | 266.8 | 272.9 | 138.3 | 114.4 | 248.2 | 245.7 | 222.2 | 356.3 | 289.0 | 249.7 | 250.9 | 147.2 | 124.5 | 65.7 | 34.3 | 32.9 | ||