Digital Realty Trust, Inc. logo DLR - Digital Realty Trust, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 28
HOLD 18
SELL 1
STRONG
SELL
0
| PRICE TARGET: $208.92 DETAILS
HIGH: $235.00
LOW: $180.00
MEDIAN: $210.50
CONSENSUS: $208.92
UPSIDE: 8.80%
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
Revenue
Revenue 1,635.2 1,712.4 1,577.2 1,493.2 1,407.6 1,435.9 1,431.2 1,356.7 1,331.1 1,369.6 1,402.4 1,366.3 1,338.7 1,233.1 1,192.1 1,139.3 1,127.3 1,111.2 1,133.1 1,093.2 1,090.4 1,062.6 1,024.7 993.0 823.3 787.5 806.5 800.8 814.5 778.3 768.9 754.9 744.4 731.4 609.9 566.0 550.6 576.8 546.3 514.9 504.2 500.4 436.0 420.3 406.6 412.2 412.2 401.4 390.6 380.9 379.5 363.5 358.4 349.7 342.5 303.7 283.1 270.6 273.5 267.9 250.7 238.7 237.5 197.5 191.8 169.8 163.2 155.0 149.1 147.1 142.0 123.8 114.5 105.9 104.8 95.6 89.0 84.5 73.2 64.7 61.0 62.9 56.6 49.7 39.6 36.2 29.3 22.8 18.8 18.3
Cost of Revenue 1,697.3 1,736.6 710.2 661.5 605.3 662.7 656.4 607.3 592.8 647.2 684.1 650.8 616.0 537.6 521.6 472.6 485.8 465.4 467.0 431.7 414.3 420.3 401.3 381.1 311.4 299.8 300.8 297.0 295.3 287.2 283.5 260.2 264.6 261.8 222.6 202.9 196.3 196.4 197.8 187.0 181.5 183.7 160.5 150.4 147.8 150.6 156.7 147.4 140.0 137.3 155.4 126.4 126.9 126.0 125.3 103.9 96.1 93.5 102.6 83.5 73.5 74.9 88.2 54.4 53.2 54.4 54.6 51.5 51.8 49.5 48.5 44.5 39.8 0 38.4 31.2 0 0 0 0 0 0 0 0 0 0 5.3 0 0 3.0
Gross Profit (62.1) (24.2) 867.0 831.6 802.3 773.2 774.9 749.5 738.4 722.5 718.3 715.5 722.7 695.5 670.5 666.8 641.5 645.8 666.2 661.5 676.1 642.3 623.3 611.9 512.0 487.7 505.7 503.8 519.3 491.0 485.4 494.7 479.7 469.6 387.3 363.1 354.3 380.4 348.5 327.9 322.7 316.7 275.5 269.9 258.8 261.6 255.5 254.1 250.6 243.6 224.1 237.1 231.5 223.8 217.2 199.8 187.1 177.1 170.9 184.3 177.3 163.8 149.3 143.1 138.5 115.3 108.7 103.6 97.3 97.6 93.5 79.3 74.7 105.9 66.4 64.4 89.0 84.5 70.7 62.2 57.1 62.9 54.8 48.1 39.5 36.2 24.0 22.8 18.8 15.3
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
SG&A Expenses 0 0 141.7 136.0 123.5 126.8 117.6 120.4 115.2 116.8 110.7 109.6 111.9 120.4 97.4 105.8 98.5 104.7 98.5 97.5 100.0 102.2 91.4 94.3 63.5 54.7 50.0 53.0 53.5 41.8 41.6 46.1 36.5 48.7 46.4 40.1 37.2 43.5 48.6 36.4 33.7 38.3 24.9 27.8 23.3 23.7 22.9 22.2 33.1 17.7 18.4 20.1 18.2 10.3 16.9 17.4 16.5 15.2 20.2 16.8 14.5 14.8 18.7 16.1 12.3 13.0 12.2 11.5 11.6 9.9 12.5 10.9 10.0 8.2 9.1 9.9 7.2 6.5 5.0 4.7 4.2 4.4 3.3 2.5 2.4 20.8 0.1 0.1 0.1 0.3
Other Expenses (344.7) (329.1) 586.9 483.9 483.0 502.0 489.0 619.2 473.8 471.6 549.4 451.0 433.5 454.1 415.7 390.6 401.8 409.6 383.3 378.4 383.6 379.8 387.6 364.8 348.4 294.1 290.9 301.9 324.3 326.4 304.7 304.5 299.4 303.7 274.8 192.4 179.8 185.8 184.1 179.2 170.9 237.0 146.5 135.0 86.1 244.1 150.3 139.4 127.5 127.9 120.5 117.0 114.7 118.8 103.3 93.9 84.7 80.6 79.0 90.8 88.2 76.4 70.2 72.8 71.1 52.2 50.8 49.2 46.6 47.2 47.3 39.6 39.5 76.8 35.8 32.0 59.8 56.3 47.2 39.8 35.5 41.6 35.1 29.1 24.1 22.3 12.6 15.7 11.4 7.8
Operating Expenses (344.7) (329.1) 728.6 619.9 606.6 628.9 606.6 739.6 589.0 588.4 660.1 560.6 545.4 574.5 513.1 496.4 500.3 514.3 481.8 475.8 483.6 482.0 478.9 459.1 411.9 348.8 340.9 354.9 377.7 368.2 346.4 350.6 335.9 352.4 321.1 232.5 217.0 229.3 232.7 215.6 204.6 275.3 171.4 162.8 109.5 267.7 173.2 161.6 160.6 145.6 138.9 137.1 132.9 129.1 120.1 111.3 101.2 95.8 99.2 107.6 102.6 91.2 88.9 88.9 83.3 65.3 63.0 60.7 58.1 57.1 59.8 50.5 49.4 84.9 45.0 41.8 67.0 62.9 52.2 44.5 39.7 46.0 38.4 31.5 26.5 43.1 12.7 15.7 11.4 8.0
Operating Income
Operating Income 282.6 305.0 138.4 211.7 195.8 144.3 168.3 9.9 149.4 134.0 58.2 154.9 177.3 121.0 157.4 170.4 141.2 131.5 184.4 185.6 192.5 160.3 144.4 152.8 100.0 138.9 164.8 149.0 141.5 122.8 139.1 144.1 143.8 117.2 66.2 130.7 137.3 151.1 115.8 112.3 118.1 41.4 104.1 107.1 149.3 (6.2) 82.4 92.5 90.0 98.1 85.2 100.0 98.6 94.6 97.1 88.4 85.9 81.3 71.6 76.7 74.7 72.6 60.4 54.1 55.2 50.1 45.7 42.8 39.2 40.5 33.7 28.8 25.3 21.0 21.4 22.5 22.0 21.7 18.5 17.8 17.4 16.9 16.4 16.5 13.0 (6.9) 11.3 7.1 7.3 7.2
Interest Expense 116.4 116.5 113.6 109.4 98.5 104.7 123.8 114.8 109.5 113.6 110.8 111.1 102.2 86.9 76.5 69.0 66.7 71.8 71.4 75.0 82.8 80.6 89.5 79.9 89.3 80.9 84.6 86.1 101.6 84.9 81.8 78.8 77.0 74.0 71.6 57.6 55.5 57.2 63.1 63.2 57.9 61.2 48.5 46.3 47.8 46.4 48.2 49.2 47.4 45.9 47.9 47.6 48.1 40.4 41.0 37.7 38.0 36.9 37.1 39.3 36.1 36.6 36.7 33.2 30.9 24.5 22.6 22.5 18.9 17.1 15.7 15.0 15.2 0 16.7 15.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.7 16.8 17.0 21.4 1.1 0 3.4 0 0.3 2.8 0.4 0.2 0 0.4 0 0 0.5 0 0 0 0.6 0.4 0 1.7 0.2 0 0 0.0 0 0.1 1.2 0.7 0.4 2.2 0.4 0.3 0.2 0.3 0.0 0.0 0.0 0.1 0.4 0.2 0.6 0.5 0.4 0.7 0 0.6 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 806.7 804.6 686.0 1,630.4 665.0 750.7 636.4 629.8 850.9 574.7 1,294.5 675.5 613.7 500.1 723.6 526.3 539.0 1,545.0 590.7 617.4 854.8 500.6 469.9 516.5 616.7 703.5 443.7 442.6 538.3 431.0 468.5 467.9 485.3 442.2 286.5 317.9 318.7 332.2 467.4 292.0 291.3 218.0 245.1 318.5 300.8 146.1 317.0 248.7 226.5 227.9 322.9 223.3 212.6 203.7 200.5 181.9 172.0 163.5 158.0 154.6 149.4 149.5 130.8 127.2 114.7 101.5 97.3 93.2 86.9 90.0 80.8 68.8 65.3 58.8 57.2 63.2 51.4 49.8 42.2 36.3 34.0 35.6 32.7 30.2 25.3 3.7 19.9 13.8 12.8 12.5
EBIT 307.2 311.2 189.0 1,169.2 222.0 295.4 176.4 204.4 419.8 154.3 873.9 242.9 192.5 70.0 334.9 149.3 156.9 1,158.9 221.7 248.4 485.1 140.7 104.1 167.3 325.2 428.5 157.0 152.0 226.8 131.6 174.5 169.1 190.5 154.2 86.6 139.8 142.2 155.6 289.2 116.4 122.3 45.1 108.1 187.0 171.8 12.8 179.5 111.6 95.9 101.1 201.7 107.4 101.0 96.0 98.7 92.9 88.0 82.9 75.2 77.8 75.5 73.1 60.7 53.6 57.2 49.3 46.8 44.0 40.6 42.9 34.3 29.2 26.1 21.0 21.8 23.3 22.0 21.7 18.5 17.8 17.4 16.8 16.4 16.5 13.1 (6.9) 11.3 7.1 7.3 7.2
Income Before Tax 190.8 164.2 75.4 1,059.8 123.5 190.6 52.6 89.7 310.2 40.6 763.2 131.8 90.3 (16.9) 258.4 80.3 90.2 1,094.4 150.2 173.4 402.2 62.8 14.6 87.5 235.9 347.6 72.4 66.0 125.3 46.8 92.7 90.3 113.5 80.2 15.0 82.2 86.8 98.4 226.2 53.2 64.4 (16.3) 59.6 140.6 124 (33.6) 131.3 62.4 48.6 55.2 153.8 59.8 52.9 55.9 57.6 55.2 50.0 46.0 38.1 38.8 39.4 36.6 25.1 20.4 26.3 24.9 24.3 21.5 21.6 25.8 19.1 14.2 11.1 31.4 5.1 7.8 22.1 31.4 14.8 5.1 5.1 16.1 4.4 4.3 2.7 16.6 3.4 0 0 0
Income Tax Expense 16.0 (9.7) 11.7 12.9 17.1 4.9 12.4 15.0 22.4 20.7 17.2 16.2 21.5 (17.7) 19.6 16.4 13.2 4.0 13.7 47.6 7.5 3.3 16.1 11.5 7.2 (1.7) 4.8 4.6 4.3 (5.8) 2.4 2.1 3.4 0.5 2.5 2.6 2.2 2.3 3.7 2.3 2.1 0.3 1.8 2.6 1.7 1.2 1.2 1.0 1.8 (0.5) 0.4 0.2 1.2 0.0 0.7 1.2 0.7 (1.2) 0.5 0.2 0.4 0.3 0.3 0.5 0.7 (0.0) 0.3 0.3 0.4 9.8 15.3 14.9 12.9 35.0 13.4 13.4 12.6 25.0 14.8 22.0 21.5 11.5 (17.9) (17.1) (9.6) 5.0 20.4 61.0 6.1 5.4
Net Income 179.3 98.6 67.8 1,032.2 110.0 189.6 51.2 80.2 281.5 28.3 733.6 118.2 68.7 3.9 237.1 63.4 73.3 1,067.8 134.3 121.3 385.9 57.7 (0.1) 74.8 224.0 336.3 66.5 60.2 116.8 51.6 87.6 85.5 106.6 73.6 12.4 78.7 83.5 95.1 219.2 50.4 61.5 (16.0) 57.0 117.1 101.7 (33.8) 109.3 60.3 45.9 43.0 138.9 47.1 42.7 44.8 45.6 42.0 39.2 36.0 27.5 32.0 31.0 35.2 23.0 19.2 24.8 24.4 22.5 20.4 20.4 24.5 18.2 13.8 11.1 5.6 5.1 7.8 18.6 6.4 11.3 5.1 5.1 4.6 4.4 4.3 2.7 (5.4) 3.4 (1.8) 3.5 3.9
Per Share Data
EPS (Basic) 0.49 0.26 0.17 3.03 0.30 0.52 0.13 0.22 0.87 0.06 2.40 0.37 0.20 -0.02 0.79 0.19 0.22 3.73 0.44 0.45 1.32 0.16 -0.14 0.20 0.91 1.51 0.24 0.15 0.46 0.15 0.33 0.32 0.42 0.26 -0.02 0.36 0.42 0.49 1.27 0.19 0.27 -0.28 0.28 0.86 0.75 -0.39 0.81 0.31 0.27 0.33 1.08 0.37 0.34 0.36 0.37 0.38 0.37 0.34 0.32 0.33 0.34 0.39 0.11 0.11 0.19 0.32 0.16 0.13 0.14 0.34 0.11 0.05 0.04 0.09 0.00 0.04 0.33 0.11 0.31 0.05 0.06 0.17 0.05 0.10 0.07 -0.25 0.16 0.14 0.17 0.19
EPS (Diluted) 0.46 0.25 0.15 2.94 0.27 0.51 0.09 0.20 0.82 0.06 2.33 0.35 0.20 -0.02 0.75 0.19 0.22 3.71 0.44 0.45 1.32 0.16 -0.14 0.20 0.90 1.50 0.24 0.15 0.46 0.15 0.33 0.32 0.42 0.26 -0.02 0.36 0.41 0.49 1.25 0.19 0.27 -0.28 0.28 0.86 0.75 -0.39 0.80 0.31 0.26 0.33 1.06 0.37 0.34 0.36 0.37 0.38 0.36 0.35 0.31 0.33 0.33 0.39 0.11 0.11 0.18 0.31 0.16 0.13 0.14 0.33 0.11 0.05 0.03 0.09 0.00 0.04 0.32 0.11 0.30 0.05 0.06 0.17 0.05 0.10 0.07 -0.25 0.16 0.14 0.17 0.19
Shares Outstanding 345.0 343.5 341.4 337.6 336.7 333.4 328.0 319.5 312.3 305.8 301.8 295.4 291.2 289.4 286.7 284.7 284.5 283.9 283.1 281.8 281.1 280.1 270.2 267.6 222.2 208.8 208.4 208.3 207.8 206.3 206.1 206.0 205.7 205.4 170.2 160.8 159.3 159.0 147.4 146.8 146.6 142.9 135.8 135.8 135.7 135.4 135.5 133.8 128.5 128.4 128.4 128.4 126.4 123.8 122.0 109.8 107.1 105.2 100.6 96.3 91.4 90.8 87.9 80.5 77.8 76.7 76.3 76.1 74.7 73.0 70.9 65.9 65.4 64.1 60.7 60.7 56.5 56.5 36.1 33.4 27.5 27.4 25.7 21.4 21.4 21.4 20 21.4 20 20
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 2003 Q4
Current Assets
Cash & Cash Equivalents 2,426.6 3,451.6 3,299.7 3,554.1 2,321.9 3,870.9 2,175.6 2,282.1 1,193.8 1,625.5 1,062.0 124.5 131.4 141.8 177.0 99.2 158.0 142.7 116.0 120.5 221.1 108.5 971.3 505.2 246.5 89.8 7.2 33.5 123.9 126.7 46.2 17.6 22.4 0.1 192.6 22.4 14.9 10.5 36.4 33.2 31.1 342.6 50.8 72.3 69.3 78.9 49.2 0 5.2
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 0 0 0 0 0 9.6 0 0
Net Receivables 1,430.2 1,358.9 1,496.1 1,586.1 1,373.5 1,899.9 1,274.5 1,222.4 1,217.3 1,902.5 1,325.7 1,158.4 1,697.8 1,570.9 861.1 797.2 1,320.2 1,219.1 610.4 630.1 657.1 603.1 585.5 542.8 527.7 305.5 304.7 320.9 328.0 299.6 308.7 282.3 309.3 276.3 258.5 229.4 195.4 203.9 208.1 165.9 180.5 52.2 54.1 46.1 40.2 37.9 87.6 0 6.3
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 349.8 116.6 140.0 953.2 (642.5) 0 0 287.1 (145.9) 0 608.9 (627.7) (601.6) 0 0 (545.7) (547.4) 0 0 0 0 0 11.0 0 229.9 967.5 0 0 0 8.1 9.4 49.0 152.7 150.6 106.8 66.6 67.6 67.6 240.6 164.7 0 155.6 145.6 122.8 110.9 (57.3) 0 (11.5)
Total Current Assets 3,856.9 5,160.4 4,912.4 5,280.3 4,648.6 5,128.4 3,450.1 3,504.5 2,698.1 3,382.1 2,387.8 1,891.8 1,201.5 1,111.1 1,038.1 896.4 932.5 814.4 726.4 750.6 878.2 711.6 1,556.8 1,058.9 774.2 625.3 1,279.4 354.5 451.9 426.3 363.0 309.3 380.7 429.1 601.6 358.6 277.0 282.1 312.1 439.7 376.3 595.6 260.5 264.0 232.3 227.8 79.5 0 11.5
Non-Current Assets
Property, Plant & Equipment 1,105.1 26,433.6 1,167.4 1,180.7 1,165.9 1,178.9 1,228.5 1,211.0 1,233.4 1,414.3 1,274.4 1,291.2 1,317.3 1,351.3 1,253.4 1,311.0 1,361.9 1,405.4 1,442.7 1,452.6 1,495.9 1,387.0 1,363.3 1,375.4 1,364.6 628.7 634.1 649.0 660.6 0 0 0 0 0 0 0 0 0 0 0 0 3,541.4 3,494.1 3,150.8 2,897.0 2,808.8 2,067.8 797.6 394.2
Goodwill 9,591.2 9,712.0 9,647.8 9,636.5 9,174.2 8,929.4 9,395.2 9,128.8 9,105.0 9,239.9 8,998.1 9,148.6 9,199.6 9,208.5 8,728.1 7,545.1 7,802.4 7,937.4 8,062.9 8,185.9 8,125.7 8,331.0 8,012.3 7,791.5 7,466.0 3,363.1 3,338.2 3,353.5 3,358.5 4,348.0 3,373.3 3,378.3 3,405.1 3,389.6 3,384.4 778.9 757.4 753.0 780.1 330.7 330.7 0 0 0 0 0 0 0 0
Intangible Assets 2,053.4 2,134.7 1,855.9 2,171.3 2,125.0 2,178.1 2,367.5 2,315.1 2,359.4 2,500.2 2,506.2 2,825.6 3,015.3 3,092.6 3,035.9 2,521.4 2,640.8 2,735.5 2,871.6 2,956.0 3,057.2 3,122.9 3,156.5 3,185.7 3,566.6 2,270.1 2,329.3 2,594.0 2,686.7 3,264.2 2,869.3 2,973.4 3,094.1 3,183.2 3,230.5 1,513.8 1,522.7 1,544.6 1,551.1 1,358.1 1,398.4 291.2 230.8 250.1 244.1 37.9 0 0 0
Long-Term Investments 30,396.2 3,427.9 3,690.7 29,290.4 2,702.8 2,639.8 2,456.4 2,332.7 2,365.8 2,295.9 2,180.3 2,040.5 1,995.6 1,991.4 1,913.0 1,942.5 2,044.1 1,807.7 1,292.3 1,119.0 970.7 1,148.2 1,060.0 1,033.2 1,064.0 1,287.1 1,035.9 979.4 930.3 175.1 169.9 167.3 167.6 163.5 106.4 103.9 112.9 106.4 105.8 105.7 106.0 7.2 7.3 6.4 8.3 8.6 0 0 0
Other Non-Current Assets 1,857.2 2,541.9 27,229.4 1,155.9 25,264.0 25,229.1 26,397.7 25,114.8 24,871.3 25,280.9 24,585.7 25,191.1 25,223.8 24,730.1 23,246.8 21,739.6 21,898.8 21,669.1 21,451.7 21,687.0 21,014.7 21,375.7 20,286.5 19,417.9 18,877.8 14,893.9 14,555.9 15,499.7 15,254.1 15,553.1 14,686.5 14,583.1 14,534.4 14,239.0 13,909.6 9,824.4 9,659.6 9,506.6 9,549.9 9,058.3 9,210.6 173.3 154.8 73.8 62.9 57.6 (2,067.8) (797.6) (394.2)
Total Non-Current Assets 45,003.1 44,250.1 43,591.2 43,434.7 40,431.9 40,155.3 41,845.3 40,102.4 39,935.0 40,731.2 39,544.7 40,496.9 40,751.6 40,373.9 38,177.1 35,059.6 35,748.0 35,555.1 35,121.2 35,400.7 34,664.3 35,364.7 33,878.5 32,803.7 32,339.1 22,442.9 21,893.3 23,075.6 22,890.2 23,340.4 21,099.1 21,102.1 21,201.2 20,975.3 20,630.9 12,220.9 12,052.6 11,910.5 11,986.9 10,852.7 11,045.7 3,941.2 3,887.1 3,481.1 3,212.4 3,123.8 0 0 0
Total Assets 48,860.0 49,410.5 48,728.6 48,715.0 45,080.6 45,283.6 45,295.4 43,606.9 42,633.1 44,113.3 41,932.5 42,388.7 41,953.1 41,485.0 39,215.2 35,956.1 36,680.5 36,369.6 35,847.6 36,151.2 35,542.5 36,076.3 35,435.3 33,862.6 33,113.3 23,068.1 23,172.8 23,430.1 23,342.1 23,766.7 21,462.1 21,411.4 21,581.9 21,404.3 21,232.5 12,579.6 12,329.5 12,192.6 12,299.0 11,292.4 11,422.0 4,501.0 4,147.6 3,745.1 3,444.7 3,351.6 2,576.1 1,022.8 479.7
Current Liabilities
Account Payables 0 2,601.0 2,377.7 2,310.9 1,927.6 2,056.2 2,140.8 1,973.8 1,870.3 2,169.0 2,147.1 2,214.8 1,923.8 1,868.9 1,621.4 1,619.2 1,572.4 1,543.6 1,341.9 1,367.2 1,305.9 1,420.2 2,187.0 1,828.3 1,732.3 831.1 938.7 984.8 922.6 1,164.5 1,059.4 1,031.8 1,012.5 980.2 1,024.4 850.6 804.4 824.9 823.9 598.6 570.7 196.5 165.6 151.2 127.3 139.6 0 0 0
Short-Term Debt 0 1,147.4 1,152.0 567.7 1,096.9 1,611.3 1,786.9 1,848.2 1,901.1 1,812.3 1,698.8 2,242.3 2,514.2 2,150.5 2,255.1 1,440.0 943.3 398.2 832.3 1,026.4 451.0 531.9 124.1 64.5 603.1 234.1 1,833.5 1,417.7 843.0 1,647.7 590.3 467.0 952.1 550.9 138.5 563.1 564.5 199.2 153.2 88.5 677.9 0 0 0 0 0 0 8.0 44.4
Deferred Revenue 0 0 699.5 653.6 559.8 539.8 423.8 416.7 413.2 401.9 385.5 417.7 392.0 369.7 341.6 341.1 346.9 336.6 341.8 362.6 362.0 371.7 353.9 348.3 336.6 208.7 203.7 213.5 221.5 209.3 233.7 207.3 207.9 199.8 223.5 181.0 171.7 144.2 163.8 128.8 147.9 11.6 0 0 0 0 0 0 0
Other Current Liabilities 0 (2,601.0) 0.3 1.1 7.9 0 0 0 (403.2) 39.0 (385.5) (412.7) (392.0) (369.7) (341.6) (341.1) (346.9) (336.6) (341.8) (362.6) (362.0) (371.7) (353.9) (348.0) (336.6) (206.0) (180.2) (213.5) (221.5) (209.3) (233.7) (207.3) (206.1) (212.9) (218.9) (178.1) (168.6) (165.5) (161.0) (115.7) (143.0) 0 0 0 0 0 (104.8) (8.0) (44.4)
Total Current Liabilities 0 1,147.4 4,229.6 3,533.3 3,592.2 4,626.0 4,351.5 4,238.7 3,781.5 4,810.1 3,845.9 4,462.1 4,438.0 4,383.1 3,876.5 3,059.3 2,515.7 2,280.5 2,174.2 2,393.6 1,756.9 2,276.5 2,311.7 1,893.0 2,335.4 1,302.5 2,795.8 2,402.5 1,765.5 3,029.5 1,649.6 1,498.8 1,966.4 1,736.0 1,167.5 1,416.6 1,371.9 1,170.9 979.9 700.2 1,253.5 196.5 165.6 188.2 127.3 139.6 0 0 0
Non-Current Liabilities
Long-Term Debt 17,996.6 20,003.9 17,073.4 17,884.4 15,919.3 15,103.1 15,199.6 14,491.6 15,119.2 15,613.6 15,171.0 15,487.2 15,361.3 14,446.4 13,503.4 12,854.3 13,444.9 13,050.0 13,255.2 12,901.5 12,805.8 12,772.8 12,750.7 12,307.1 11,648.2 9,888.3 9,090.5 9,424.9 9,436.7 9,453.7 8,589.6 8,639.1 8,195.6 8,097.7 8,345.8 5,874.6 5,636.9 5,639.4 5,871.8 6,046.9 5,478.9 2,124.7 2,168.2 1,784.4 1,519.5 1,439.7 1,068.4 470.6 253.4
Deferred Tax Liabilities 1,094.0 1,124.7 1,151.4 1,137.3 1,109.3 1,084.6 1,223.8 1,132.1 1,121.2 1,151.1 1,088.7 1,129.0 1,164.3 1,192.8 1,145.1 611.6 649.1 666.5 726.0 742.1 650.5 698.3 0 0 0 147.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 3,153.9 (742.5) 0 0 0 0 0 0 413.2 0 385.5 417.7 392.0 369.7 341.6 341.1 346.9 336.6 341.8 362.6 362.0 371.7 489.2 488.1 481.8 208.7 357.1 397.4 414.2 409.4 441.9 423.8 433.5 467.4 481.3 257.1 250.3 250.0 250.7 219.6 244.4 147.9 165.3 137.6 126.6 126.2 (1,068.4) (470.6) (253.4)
Total Non-Current Liabilities 23,463.0 23,417.1 19,509.8 20,319.8 18,310.2 17,481.8 17,767.3 16,960.5 18,011.4 18,306.8 18,049.8 18,454.1 18,361.6 17,479.8 16,353.7 15,225.5 15,913.4 15,565.3 15,866.2 15,551.9 15,400.1 15,311.5 14,683.9 14,246.4 13,561.3 11,116.1 10,147.0 10,536.5 10,576.3 9,863.2 9,031.5 9,062.9 8,629.1 8,565.0 8,827.0 6,131.7 5,887.2 5,889.4 6,122.5 6,266.5 5,723.3 2,272.7 2,333.5 1,922.0 1,646.1 1,565.9 0 0 0
Total Liabilities 23,463.0 24,564.5 23,739.4 23,853.1 21,902.4 22,107.8 22,118.8 21,199.2 21,792.9 23,116.9 21,895.6 22,916.2 22,799.6 21,862.9 20,230.3 18,284.8 18,429.1 17,845.8 18,040.4 17,945.5 17,157.1 17,587.9 16,995.6 16,139.4 15,896.7 12,418.6 12,942.8 12,939.0 12,341.9 12,892.7 10,681.1 10,561.7 10,595.5 10,301.0 9,994.6 7,548.3 7,259.1 7,060.3 7,102.4 6,966.7 6,976.8 2,469.1 2,499.1 2,110.3 1,773.3 1,705.5 1,580.8 528.4 328.3
Stockholders' Equity
Common Stock 3.5 3.4 3.4 3.4 3.3 3.3 3.3 3.2 3.1 3.1 3.0 3.0 2.9 2.9 2.9 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.7 2.6 2.1 2.1 2.1 2.1 2.1 2.0 2.0 2.0 2.0 2.0 1.6 1.6 1.6 1.6 1.5 1.5 0.9 0.8 0.8 0.8 0.8 0.6 0.2 0
Retained Earnings (6,946.7) (6,690.7) 0 0 0 0 0 0 0 0 0 (5,253.9) (4,996.0) (4,698.3) (4,336.2) (4,211.7) (3,916.9) (3,631.9) (4,359.0) (4,153.4) (3,952.5) (3,997.9) (3,726.9) (3,386.5) (3,139.3) (3,046.6) (3,136.7) (2,961.3) (2,767.7) (2,633.1) (2,455.2) (2,314.3) (2,177.3) (2,055.6) (1,915.6) (1,722.6) (1,629.6) (1,547.4) (1,483.2) (1,541.3) (1,440.0) (287.3) (254.6) (231.9) (196.5) (181.6) (83.1) 0 0
Accumulated Other Comprehensive Income (512.9) (469.2) (6,892.4) (6,541.4) (7,531.1) (7,474.4) (6,718.0) (6,585.8) (6,223.6) (6,014.0) (5,783.8) (5,995.4) (5,648.5) (5,294.1) (5,199.0) (4,687.2) (4,105.7) (3,805.8) (4,470.6) (4,121.7) (4,030.3) (3,862.9) (3,850.5) (3,744.9) (3,583.6) (3,134.5) (3,205.3) (3,050.9) (2,859.4) (2,748.7) (2,558.4) (2,421.4) (2,281.2) (2,164.0) (2,032.3) (1,833.3) (1,752.2) (1,683.0) (1,615.2) (1,670.9) (1,544.3) (65.7) (47.6) (27.9) (27.5) (58.8) 9.1 0 0
Total Stockholders' Equity 23,368.8 22,925.7 23,025.0 22,914.5 21,295.6 21,340.4 21,246.1 20,537.5 19,019.8 19,117.5 18,190.0 17,621.5 17,212.5 17,583.3 17,063.9 17,138.6 17,698.2 18,004.6 17,274.1 17,457.7 17,623.7 17,717.7 17,669.8 16,984.5 16,460.2 9,879.3 9,437.3 9,562.2 10,088.4 9,858.6 10,026.3 10,140.4 10,253.9 10,349.1 10,467.5 4,996.8 5,031.5 5,096.0 5,158.7 4,289.8 4,406.8 1,955.1 1,574.7 1,559.0 1,584.9 1,565.1 921.4 186.7 148.0
Total Liabilities & Equity 48,860.0 49,410.5 48,728.6 48,715.0 45,080.6 45,283.6 45,295.4 43,606.9 42,633.1 44,113.3 41,932.5 42,388.7 41,953.1 41,485.0 39,215.2 35,956.1 36,680.5 36,369.6 35,847.6 36,151.2 35,542.5 36,076.3 35,435.3 33,862.6 33,113.3 23,068.1 23,172.8 23,430.1 23,342.1 23,766.7 21,462.1 21,411.4 21,581.9 21,404.3 21,232.5 12,579.6 12,329.5 12,192.6 12,299.0 11,292.4 11,422.0 4,501.0 4,147.6 3,745.1 3,444.7 3,351.6 2,576.1 1,022.8 479.7
Debt Metrics
Total Debt 19,215.1 24,182.2 19,510.5 19,750.2 18,297.9 18,008.6 18,330.4 17,676.6 18,378.1 18,968.0 18,274.3 19,149.7 19,319.5 18,067.8 17,122.2 15,712.8 15,860.7 14,960.4 15,630.8 15,473.5 14,838.6 14,773.4 14,318.8 13,822.8 13,682.6 10,994.1 11,623.4 11,556.8 11,005.1 11,101.5 9,179.9 9,106.1 9,147.7 8,648.6 8,484.2 6,437.6 6,201.3 5,838.6 6,025.0 6,135.4 6,156.7 2,124.7 2,168.2 1,784.4 1,519.5 1,439.7 1,068.4 478.6 297.9
Net Debt 16,788.5 20,730.6 16,210.8 16,196.1 15,976.0 14,137.7 16,154.8 15,394.5 17,184.3 17,342.5 17,212.2 19,025.2 19,188.1 17,926.1 16,945.3 15,613.6 15,702.8 14,817.7 15,514.8 15,353.0 14,617.5 14,664.9 13,347.5 13,317.6 13,436.1 10,904.3 11,616.2 11,523.3 10,881.2 10,974.8 9,133.6 9,088.5 9,125.3 8,648.6 8,291.7 6,415.2 6,186.4 5,828.1 5,988.5 6,102.2 6,125.6 1,782.1 2,117.4 1,712.1 1,450.2 1,360.8 1,019.2 478.6 292.7
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
Operating Activities
Net Income 179.3 98.6 63.7 1,046.9 106.4 185.7 40.1 74.7 287.8 19.9 745.9 115.6 68.7 0.8 238.8 63.9 76.9 1,090.4 136.5 125.8 394.7 59.5 (1.5) 76.0 228.7 349.3 67.6 61.3 121.0 52.6 90.3 88.2 110.1 79.7 12.5 79.6 84.6 96.1 222.4 50.9 62.3 4.4 4.3 2.7 3.1 3.5 3.9
Depreciation & Amortization 499.5 493.5 497.0 461.2 443.0 455.4 460.0 425.3 431.1 420.5 420.6 432.6 421.2 430.1 388.7 377.0 382.1 378.9 369.0 369.0 369.7 359.9 365.8 349.2 291.5 196.8 203.3 201.8 207.6 200.1 191.4 192.3 186.4 185.8 145.1 132.3 131.8 131.2 132.8 127.5 127.2 9.2 7.5 6.8 4.1 3.2 3.1
Stock-Based Compensation 25.3 0 23.9 25.0 20.9 14.9 22.6 21.3 16.7 25.7 19.2 18.1 17.5 30.2 21.3 22.4 18.5 18.0 18.4 20.0 27.7 19.6 19.4 21.0 14.5 8.9 8.9 9.5 7.6 6.0 6.3 9.0 5.9 4.9 5.5 6.1 4.1 4.0 4.3 4.9 4.3 0 0 0 0 0 0
Change in Working Capital (209.6) 144.1 200.8 37.2 (238.0) 189.5 17.9 (2.2) (180.6) (48.6) (137.7) (39.1) (154.4) 40.7 (59.9) 8.9 (220.2) (28.3) (87.5) (8.8) (204.0) 37.6 20.1 38.0 (104.2) (3.7) (91.2) 110.2 (45.8) (20.7) (12.8) 46.2 (143.2) (10.7) (79.3) 28.0 (45.8) 35.0 (5.2) (18.7) (54.9) 6.7 0.7 (6.0) (3.7) (2.4) 3.6
Other Non-Cash Items 38.0 (17.3) (132.5) (929.1) 66.8 (76.0) 25.8 54.1 (202.8) (13.1) (23.1) 21.3 (3.3) (45.4) (169.5) 33.7 20.2 28.3 (36.6) 16.6 16.8 38.6 7.0 8.4 8.5 86.0 89.6 96.1 115.4 109.3 112.9 117.1 118.9 112.7 57.3 47.0 45.8 17.2 46.5 49.4 42.4 9.7 10.0 8.1 4.9 2.4 (2.5)
Operating Cash Flow 532.4 719.0 652.9 641.2 399.1 769.5 566.5 573.2 352.3 462.3 358.4 464.4 349.7 456.4 419.4 505.9 277.7 451.9 400.4 522.0 327.9 525.8 468.4 485.7 226.7 401.9 284.6 476.6 350.7 351.5 360.8 436.1 237.0 341.8 162.2 300.2 219.1 280.8 235.8 216.3 179.4 30.0 22.6 11.7 8.4 6.6 8.1
Investing Activities
Capital Expenditure 0 0 (687.4) (704.3) (787.3) (735.4) (781.5) (655.5) (659.3) (1,059.1) (1,097.8) (630.0) 0 (889.6) (686.5) (548.3) (518.7) (772.7) (666.6) (572.9) (508.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (78.1) (243.7) (72.1) (187.2) (40.6) (36.3)
Acquisitions (277.1) 0 (96.5) (155.2) (36.4) (169.4) (249.5) (19.4) (116.4) (88.5) (3.9) (50.4) (4.0) (108.6) (1,917.7) (49.7) (170.3) (30.2) (165.3) (34.7) 40.8 (11.1) (34.7) (16.7) 39.2 772.8 (14.8) (41.6) 580.3 (1,564.0) (0.1) (0.3) (0.1) 50.0 18.8 0 (5.7) (873.3) 0.0 0 (0.0) (71.5) 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 163.3 0 0 (324.0) (12.4) 528.4 0 (55.6) (40.6) (49.7) 0 0 0 0 0 0 0 0 0 0.0 74.3 (68.8) (8.0) 0.3 14.4 (1.3) (26.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 8.2 0 0 391.1 2,316.1 101.6 0 67.6 204.0 598.0 0 0 0 0 0 52.1 0 0 0 0 0 0 0 0 0 0 0 (64.0) 12.6 0 51.3 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (1,055.8) (759.1) (633.1) 316.5 (866.8) (342.6) (1,041.0) (262.4) 123.0 64.2 (21.7) (479.6) (745.0) 14.7 140.7 (659.0) (548.8) 148.3 (455.9) (709.4) 144.7 (1,120.9) (806.0) (524.7) (176.7) (339.7) (381.0) (441.8) (406.6) (678.4) (282.4) (346.8) (150.6) (625.2) (285.9) (247.9) (261.1) 646.2 (773.3) (144.9) (154.2) 67.4 (11.2) 0.4 0 0 0.2
Investing Cash Flow (1,332.9) (759.1) (729.6) 161.3 (903.2) (512.0) (1,118.9) (281.8) 6.6 (1,016.4) 1,180.3 (530.0) (749.0) (971.5) (2,300.1) (708.7) (719.1) 118.1 (621.2) (744.1) 185.5 (1,079.8) (840.7) (541.4) (137.4) 433.1 (321.5) (552.2) 165.7 (2,242.2) (268.2) (348.3) (177.3) (639.2) (254.5) (247.9) (215.6) (227.0) (773.3) (144.9) (154.2) (82.2) (254.9) (71.6) (187.2) (40.6) (36.1)
Financing Activities
Net Debt Issuance 0 110.7 626.5 402.1 (166.1) 656.6 111.6 (632.2) (98.6) (47.0) (488.8) (262.9) 1,133.0 (209.0) 1,901.2 476.4 1,226.3 (508.8) 412.8 580.4 243.0 (3.8) 125.9 10.9 622.8 (1,070.8) 261.2 572.7 (256.7) 2,019.3 95.9 151.5 396.0 128.6 274.7 122.6 307.2 (52.3) (92.4) 86.7 254.6 (86.2) 250.0 (17.8) 129.1 20.6 37.0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.3 (0.6) (0.6) (0.0) 0 0 0 0 (0.6) 0 0 0 95.3 (0.4) (4.4) 0 0 0
Dividends Paid (871.4) (10.2) (436.4) (433.3) (848.6) (10.2) (418.8) (415.8) (788.5) (10.2) (388.5) (384.0) (738.0) (10.2) (369.1) (366.5) (704.9) (9.9) (347.4) (348.1) (673.7) (13.8) (332.6) (332.3) (560.6) (20.7) (251.5) (251.8) (472.7) (20.2) (236.9) (236.8) (436.8) (21.7) (213.4) (167.6) (312.5) (17.4) (153.1) (154.0) (280.9) (17.4) (15.1) (22.5) 0 0 0
Other Financing Activities (217.2) (25.5) (790.6) (17.2) (4.3) (25.5) (24.7) 77.2 (20.6) (0.8) (50.6) (1.9) (4.1) 93.3 1.4 44.8 (43.1) 1.5 39.9 (90.9) 14.1 (26.7) 41.8 (2.5) 26.6 (1.9) (1.9) (339.5) 22.7 (35.8) 63.6 (5.2) (2.4) (9.4) (15.8) 0.0 (0.3) (0.5) 786.2 (1.8) (24.6) (0.6) (1.1) (0.6) 49.7 12.4 (5.7)
Financing Cash Flow (217.9) 151.9 (176.5) 555.8 (1,018.0) 1,541.5 474.4 855.1 (809.7) 1,071.7 (592.6) 93.4 390.9 401.6 1,934.4 154.8 478.3 (513.5) 198.2 141.3 (416.7) (295.5) 826.3 313.8 91.0 (759.8) 10.7 (19.3) (503.6) 1,965.8 (74.7) (90.6) (43.2) 97.7 243.0 (16.5) (2.9) (68.7) 539.8 (68.0) (51.1) 55.3 233.4 58.3 178.8 33.0 31.3
Cash Position
Net Change in Cash (1,020.8) 151.9 (255.7) 1,233.5 (1,548.5) 1,694.6 (105.1) 1,088.3 (437.4) 564.0 937.8 (7.0) (9.1) (35.2) 76.7 (59.1) 16.9 24.4 (1.4) (102.2) 107.1 (862.9) 467.6 260.3 161.4 81.8 (25.7) (92.9) (1.2) 80.9 27.3 (2.7) 16.5 (197.2) 169.0 15.9 3.4 (25.9) 3.2 2.1 (25.9) 3.1 1.1 (1.7) 0.0 (0.9) 3.3
Cash at Beginning 3,458.3 3,299.7 3,561.7 2,328.2 3,876.7 2,182.1 2,282.1 1,193.8 1,625.5 1,072.4 134.6 141.6 150.7 185.9 109.2 168.3 151.5 127.1 128.5 230.7 123.7 986.6 519.0 258.7 97.3 15.4 41.1 134.0 135.2 54.3 27.0 29.7 13.2 210.3 41.3 25.4 22.0 36.4 33.2 31.1 57.1 4.0 2.9 4.6 4.3 5.2 1.9
Cash at End 2,437.5 3,451.6 3,306.0 3,561.7 2,328.2 3,876.7 2,182.1 2,282.1 1,193.8 1,636.5 1,072.4 134.6 141.6 150.7 185.9 109.2 168.3 151.5 127.1 128.5 230.7 123.7 986.6 519.0 258.7 97.3 15.4 41.1 134.0 135.2 54.3 27.0 29.7 13.2 210.3 41.3 25.4 10.5 36.4 33.2 31.1 7.1 4.0 2.9 4.3 4.3 5.2
Free Cash Flow 532.4 719.0 (34.5) (63.1) (388.2) 34.1 (215.0) (82.3) (307.0) (596.8) (739.4) (165.6) 349.7 (433.2) (267.1) (42.4) (241.0) (320.8) (266.3) (50.9) (180.6) 525.8 468.4 485.7 226.7 401.9 284.6 476.6 350.7 351.5 360.8 436.1 237.0 341.8 162.2 300.2 219.1 280.8 235.8 216.3 179.4 (48.1) (221.1) (60.4) (178.8) (33.9) (28.2)
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
Income Statement
Revenue 1,635.2 1,712.4 1,577.2 1,493.2 1,407.6 1,435.9 1,431.2 1,356.7 1,331.1 1,369.6 1,402.4 1,366.3 1,338.7 1,233.1 1,192.1 1,139.3 1,127.3 1,111.2 1,133.1 1,093.2 1,090.4 1,062.6 1,024.7 993.0 823.3 787.5 806.5 800.8 814.5 778.3 768.9 754.9 744.4 731.4 609.9 566.0 550.6 576.8 546.3 514.9 504.2 500.4 436.0 420.3 406.6 412.2 412.2 401.4 390.6 380.9 379.5 363.5 358.4 349.7 342.5 303.7 283.1 270.6 273.5 267.9 250.7 238.7 237.5 197.5 191.8 169.8 163.2 155.0 149.1 147.1 142.0 123.8 114.5 105.9 104.8 95.6 89.0 84.5 73.2 64.7 61.0 62.9 56.6 49.7 39.6 36.2 29.3 22.8 18.8 18.3
Gross Profit (62.1) (24.2) 867.0 831.6 802.3 773.2 774.9 749.5 738.4 722.5 718.3 715.5 722.7 695.5 670.5 666.8 641.5 645.8 666.2 661.5 676.1 642.3 623.3 611.9 512.0 487.7 505.7 503.8 519.3 491.0 485.4 494.7 479.7 469.6 387.3 363.1 354.3 380.4 348.5 327.9 322.7 316.7 275.5 269.9 258.8 261.6 255.5 254.1 250.6 243.6 224.1 237.1 231.5 223.8 217.2 199.8 187.1 177.1 170.9 184.3 177.3 163.8 149.3 143.1 138.5 115.3 108.7 103.6 97.3 97.6 93.5 79.3 74.7 105.9 66.4 64.4 89.0 84.5 70.7 62.2 57.1 62.9 54.8 48.1 39.5 36.2 24.0 22.8 18.8 15.3
Operating Income 282.6 305.0 138.4 211.7 195.8 144.3 168.3 9.9 149.4 134.0 58.2 154.9 177.3 121.0 157.4 170.4 141.2 131.5 184.4 185.6 192.5 160.3 144.4 152.8 100.0 138.9 164.8 149.0 141.5 122.8 139.1 144.1 143.8 117.2 66.2 130.7 137.3 151.1 115.8 112.3 118.1 41.4 104.1 107.1 149.3 (6.2) 82.4 92.5 90.0 98.1 85.2 100.0 98.6 94.6 97.1 88.4 85.9 81.3 71.6 76.7 74.7 72.6 60.4 54.1 55.2 50.1 45.7 42.8 39.2 40.5 33.7 28.8 25.3 21.0 21.4 22.5 22.0 21.7 18.5 17.8 17.4 16.9 16.4 16.5 13.0 (6.9) 11.3 7.1 7.3 7.2
Net Income 179.3 98.6 67.8 1,032.2 110.0 189.6 51.2 80.2 281.5 28.3 733.6 118.2 68.7 3.9 237.1 63.4 73.3 1,067.8 134.3 121.3 385.9 57.7 (0.1) 74.8 224.0 336.3 66.5 60.2 116.8 51.6 87.6 85.5 106.6 73.6 12.4 78.7 83.5 95.1 219.2 50.4 61.5 (16.0) 57.0 117.1 101.7 (33.8) 109.3 60.3 45.9 43.0 138.9 47.1 42.7 44.8 45.6 42.0 39.2 36.0 27.5 32.0 31.0 35.2 23.0 19.2 24.8 24.4 22.5 20.4 20.4 24.5 18.2 13.8 11.1 5.6 5.1 7.8 18.6 6.4 11.3 5.1 5.1 4.6 4.4 4.3 2.7 (5.4) 3.4 (1.8) 3.5 3.9
EPS (Diluted) 0.46 0.25 0.15 2.94 0.27 0.51 0.09 0.20 0.82 0.06 2.33 0.35 0.20 -0.02 0.75 0.19 0.22 3.71 0.44 0.45 1.32 0.16 -0.14 0.20 0.90 1.50 0.24 0.15 0.46 0.15 0.33 0.32 0.42 0.26 -0.02 0.36 0.41 0.49 1.25 0.19 0.27 -0.28 0.28 0.86 0.75 -0.39 0.80 0.31 0.26 0.33 1.06 0.37 0.34 0.36 0.37 0.38 0.36 0.35 0.31 0.33 0.33 0.39 0.11 0.11 0.18 0.31 0.16 0.13 0.14 0.33 0.11 0.05 0.03 0.09 0.00 0.04 0.32 0.11 0.30 0.05 0.06 0.17 0.05 0.10 0.07 -0.25 0.16 0.14 0.17 0.19
Balance Sheet
Cash & Equivalents 2,426.6 3,451.6 3,299.7 3,554.1 2,321.9 3,870.9 2,175.6 2,282.1 1,193.8 1,625.5 1,062.0 124.5 131.4 141.8 177.0 99.2 158.0 142.7 116.0 120.5 221.1 108.5 971.3 505.2 246.5 89.8 7.2 33.5 123.9 126.7 46.2 17.6 22.4 0.1 192.6 22.4 14.9 10.5 36.4 33.2 31.1 342.6 50.8 72.3 69.3 78.9 49.2 0 5.2
Total Assets 48,860.0 49,410.5 48,728.6 48,715.0 45,080.6 45,283.6 45,295.4 43,606.9 42,633.1 44,113.3 41,932.5 42,388.7 41,953.1 41,485.0 39,215.2 35,956.1 36,680.5 36,369.6 35,847.6 36,151.2 35,542.5 36,076.3 35,435.3 33,862.6 33,113.3 23,068.1 23,172.8 23,430.1 23,342.1 23,766.7 21,462.1 21,411.4 21,581.9 21,404.3 21,232.5 12,579.6 12,329.5 12,192.6 12,299.0 11,292.4 11,422.0 4,501.0 4,147.6 3,745.1 3,444.7 3,351.6 2,576.1 1,022.8 479.7
Total Debt 19,215.1 24,182.2 19,510.5 19,750.2 18,297.9 18,008.6 18,330.4 17,676.6 18,378.1 18,968.0 18,274.3 19,149.7 19,319.5 18,067.8 17,122.2 15,712.8 15,860.7 14,960.4 15,630.8 15,473.5 14,838.6 14,773.4 14,318.8 13,822.8 13,682.6 10,994.1 11,623.4 11,556.8 11,005.1 11,101.5 9,179.9 9,106.1 9,147.7 8,648.6 8,484.2 6,437.6 6,201.3 5,838.6 6,025.0 6,135.4 6,156.7 2,124.7 2,168.2 1,784.4 1,519.5 1,439.7 1,068.4 478.6 297.9
Stockholders' Equity 23,368.8 22,925.7 23,025.0 22,914.5 21,295.6 21,340.4 21,246.1 20,537.5 19,019.8 19,117.5 18,190.0 17,621.5 17,212.5 17,583.3 17,063.9 17,138.6 17,698.2 18,004.6 17,274.1 17,457.7 17,623.7 17,717.7 17,669.8 16,984.5 16,460.2 9,879.3 9,437.3 9,562.2 10,088.4 9,858.6 10,026.3 10,140.4 10,253.9 10,349.1 10,467.5 4,996.8 5,031.5 5,096.0 5,158.7 4,289.8 4,406.8 1,955.1 1,574.7 1,559.0 1,584.9 1,565.1 921.4 186.7 148.0
Cash Flow
Operating Cash Flow 532.4 719.0 652.9 641.2 399.1 769.5 566.5 573.2 352.3 462.3 358.4 464.4 349.7 456.4 419.4 505.9 277.7 451.9 400.4 522.0 327.9 525.8 468.4 485.7 226.7 401.9 284.6 476.6 350.7 351.5 360.8 436.1 237.0 341.8 162.2 300.2 219.1 280.8 235.8 216.3 179.4 30.0 22.6 11.7 8.4 6.6 8.1
Capital Expenditure 0 0 (687.4) (704.3) (787.3) (735.4) (781.5) (655.5) (659.3) (1,059.1) (1,097.8) (630.0) 0 (889.6) (686.5) (548.3) (518.7) (772.7) (666.6) (572.9) (508.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (78.1) (243.7) (72.1) (187.2) (40.6) (36.3)
Free Cash Flow 532.4 719.0 (34.5) (63.1) (388.2) 34.1 (215.0) (82.3) (307.0) (596.8) (739.4) (165.6) 349.7 (433.2) (267.1) (42.4) (241.0) (320.8) (266.3) (50.9) (180.6) 525.8 468.4 485.7 226.7 401.9 284.6 476.6 350.7 351.5 360.8 436.1 237.0 341.8 162.2 300.2 219.1 280.8 235.8 216.3 179.4 (48.1) (221.1) (60.4) (178.8) (33.9) (28.2)