Healthpeak Properties, Inc. logo DOC - Healthpeak Properties, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 22
HOLD 19
SELL 0
STRONG
SELL
0
| PRICE TARGET: $18.43 DETAILS
HIGH: $21.00
LOW: $17.00
MEDIAN: $18.00
CONSENSUS: $18.43
DOWNSIDE: 6.59%
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
Revenue
Revenue 753.0 719.4 705.9 694.3 702.9 698.0 700.4 695.5 606.6 553.7 556.2 545.4 525.7 524.5 520.4 517.9 498.4 483.2 481.5 476.2 455.3 (126.5) 423.6 408.6 381.1 531.7 538.0 491.6 436.2 441.9 456.0 469.6 479.2 443.3 454.0 458.9 492.2 172.2 530.6 538.3 520.5 668.0 657.5 607.5 610.8 603.5 596.6 536.1 530.0 536.6 546.2 512.2 511.2 507.5 468.1 460.4 455.8
Cost of Revenue 903.3 1,346.7 291.9 276.2 273.1 277.0 280.3 273.8 243.7 224.4 232.7 221.8 223.1 220.5 220.2 215.0 207.2 199.2 202.1 190.1 181.8 (223.6) 183.1 177.8 237.4 248.4 248.1 214.0 168.9 177.4 181.2 173.9 172.6 198.7 155.3 153.2 159.1 192.6 187.7 179.1 176.0 172.5 173.5 136.3 132.0 130.4 99.6 78.9 75.7 73.3 75.4 73.9 72.7 73.9 72.7 70.1 67.3
Gross Profit (150.4) (627.3) 414.0 418.2 429.7 421.0 420.1 421.7 362.8 329.3 323.5 323.6 302.6 304.0 300.2 302.9 291.1 284.0 279.3 286.1 273.5 97.2 240.4 230.8 143.7 283.3 289.9 277.6 267.2 264.5 274.8 295.7 306.6 244.6 298.7 305.8 333.1 (20.3) 342.8 359.3 344.5 495.5 484.0 471.2 478.8 473.1 497.0 457.3 454.3 463.3 470.7 438.4 438.5 433.6 395.4 390.3 388.5
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
SG&A Expenses 24.6 23.6 19.9 20.8 26.1 23.9 23.2 26.7 23.3 21.6 23.1 25.9 24.5 57.9 24.5 24.8 23.8 26.0 23.3 24.1 24.9 25.5 21.7 23.7 22.3 21.5 23.0 27.1 21.4 21.5 23.5 22.5 29.2 21.5 23.5 21.3 22.5 20.5 34.8 22.8 25.5 21.9 20.5 28.8 24.8 6.8 19.5 21.7 20.9 19.2 45.3 24.1 20.7 25.1 19.4 14.8 20.1
Other Expenses (292.0) (796.8) 262.3 265.9 268.5 274.5 280.0 283.5 219.2 188.5 184.6 197.6 179.2 179.2 173.2 180.5 177.7 178.1 177.2 171.5 157.5 12.6 142.0 139.7 125.1 190.8 171.9 165.3 132.0 130.8 132.2 143.3 143.2 136.8 130.6 130.8 136.6 142.5 141.4 139.9 139.9 141.2 134.7 120.4 114.5 116.5 123.0 113.1 107.4 105.9 104.8 109.2 103.2 99.2 87.2 84.9 85.3
Operating Expenses (267.4) (773.2) 282.2 286.7 294.7 298.4 303.2 310.2 242.5 210.1 207.7 223.5 203.8 237.0 197.7 205.3 201.6 204.2 200.4 195.5 182.4 38.1 163.6 163.4 147.5 212.3 194.9 192.4 153.3 152.3 155.7 165.8 172.4 158.3 154.1 152.0 159.0 163.1 176.2 162.7 165.3 163.0 155.2 149.2 139.3 123.3 142.5 134.8 128.3 125.0 150.1 133.3 123.8 124.3 106.6 99.7 105.4
Operating Income
Operating Income 117.0 145.8 131.7 131.5 135.1 122.6 116.9 111.5 120.3 119.2 115.9 100.1 98.8 66.9 102.5 97.6 89.6 79.8 78.9 90.6 91.1 59.1 76.8 67.3 (3.8) 71.0 95.0 85.2 113.9 112.2 119.1 129.9 134.2 86.3 144.6 153.7 174.1 (183.4) 166.7 196.6 179.2 332.5 328.7 321.9 339.5 349.8 354.6 322.5 326.0 338.3 320.6 305.1 314.7 309.3 288.8 290.7 283.1
Interest Expense 87.3 80.6 76.8 75.1 72.7 70.5 74.1 74.9 60.9 52.8 50.5 49.1 48.0 49.4 44.1 41.9 37.6 36.6 35.9 38.7 46.8 46.2 53.7 54.8 55.7 58.1 61.2 56.9 49.3 54.7 63.5 73.0 75.1 71.9 71.3 77.8 86.7 103.1 117.9 121.3 122.1 122.0 122.2 118.6 116.8 115.0 111.3 106.8 106.6 109.2 108.1 108.5 109.1 107.3 103.4 102.4 103.8
Interest Income 14.2 0 0 0 0 0 14.3 7.8 5.8 0 5.4 5.3 6.2 0 0 0 0 0 0 0 0 0 0 0 0 3.0 2.7 2.4 1.7 1.4 1.2 1.4 6.4 5.3 11.8 20.9 18.3 17.5 20.5 32.8 18.0 23.1 19.8 35.9 33.3 23.3 17.5 16.9 16.7 17.5 42.1 14.1 12.4 0 10.3 1.2 0.8
Profitability
EBITDA 576.9 422.5 404.3 380.6 395.5 341.7 452.6 513.8 302.6 301.3 302.4 301.3 360.2 238.0 573.0 290.6 289.0 240.2 271.4 376.6 82.5 109.3 241.3 311.5 373.4 289.2 192.2 211.9 243.7 1,019.1 294.6 304.7 255.7 157.8 189.7 227.4 678.0 (18.3) 306.7 457.6 317.9 (338.6) 391.8 390.2 (19.9) 454.3 475.2 428.9 434.8 445.5 427.0 417.6 430.0 409.0 368.9 376.6 368.8
EBIT 287.2 160.4 142.0 114.7 127.0 67.3 172.6 230.3 83.4 112.8 117.9 103.7 181.0 58.8 399.9 110.1 111.3 62.1 94.2 205.1 (75.1) (46.5) 67.7 133.0 184.1 98.4 20.3 46.6 111.7 888.3 162.4 161.4 112.4 20.9 59.1 96.7 541.5 (161.0) 165.3 317.7 178.0 (479.7) 257.1 269.8 (134.4) 337.8 352.2 315.8 327.4 339.6 322.3 308.4 326.8 309.8 281.7 291.7 283.6
Income Before Tax 199.9 127.8 (111.1) 41.4 52.1 (3.3) 94.7 155.4 22.5 63.6 69.4 57.3 134.8 9.3 355.4 68.6 75.8 27.1 60.7 167.3 (120.6) (110.7) (4.8) 60.4 117.3 41.7 (48.6) (11.8) 61.5 831.4 98.0 88.3 37.9 (44.6) (11.2) 19.1 458.0 (264.2) 45.4 195.3 55.0 (597.0) 116.0 163.2 (237.6) 197.0 251.1 223.6 235.3 250.6 228.1 215.5 232.5 214.2 191.8 205.1 193.5
Income Tax Expense 0.3 6.0 (1.2) 2.4 2.1 (14.0) 1.9 2.7 11.3 (11.8) 0.8 1.1 0.3 (0.7) (3.8) (0.7) 0.8 (1.9) (0.6) (0.8) 0.0 6.8 23.0 0.1 (29.9) (5.7) (6.3) (1.9) (3.5) (2.9) (4.9) (4.7) (5.3) 13.3 (5.5) (3.0) (6.2) (44.3) (0.4) (2.2) 3.7 (2.4) (2.0) (4.6) (0.1) (2.6) 0.1 1.3 1.4 2.3 1.0 1.6 0.9 (0.5) (0.6) 0.2 (0.7)
Net Income 193.6 114.0 (117.1) 31.7 42.8 4.5 85.9 146.0 6.7 70.9 64.2 51.9 119.0 6.5 354.0 68.3 71.6 28.8 54.7 276.3 145.8 146.4 (63.4) 51.5 279.1 43.5 (45.9) (13.6) 61.5 831.5 99.4 89.9 40.2 (58.7) (7.7) 19.4 461.1 58.7 151.2 301.7 116.1 (598.9) 115.4 164.9 (240.6) 196.6 247.7 218.9 259.1 293.1 233.8 213.4 230.6 241.0 196.1 202.0 193.4
Per Share Data
EPS (Basic) 0.28 0.16 -0.17 0.05 0.06 0.01 0.12 0.21 0.01 0.13 0.12 0.09 0.22 0.01 0.66 0.13 0.13 0.05 0.10 0.51 0.27 0.27 -0.12 0.09 0.55 0.09 -0.09 -0.03 0.13 1.75 0.21 0.19 0.08 -0.13 -0.02 0.04 0.98 0.12 0.32 0.65 0.25 -1.29 0.25 0.36 -0.52 0.43 0.54 0.48 0.56 0.64 0.51 0.47 0.51 0.54 0.46 0.48 0.43
EPS (Diluted) 0.28 0.16 -0.17 0.05 0.06 0.01 0.12 0.21 0.01 0.13 0.12 0.09 0.22 0.01 0.65 0.13 0.13 0.05 0.10 0.51 0.27 0.27 -0.12 0.09 0.54 0.09 -0.09 -0.03 0.13 1.73 0.21 0.19 0.08 -0.13 -0.02 0.04 0.97 0.12 0.32 0.64 0.25 -1.29 0.25 0.36 -0.52 0.43 0.54 0.48 0.56 0.64 0.51 0.47 0.51 0.53 0.45 0.48 0.43
Shares Outstanding 695.2 696.0 696.4 697.1 699.1 699.5 699.3 702.4 600.9 547.1 547.1 547.0 546.8 538.0 538.4 539.6 539.4 539.1 539.0 538.9 538.7 538.4 538.3 538.3 506.5 497.1 491.2 478.7 477.8 473.0 469.9 469.8 469.6 469.2 469.0 468.6 468.3 468.0 467.6 467.1 466.1 464.4 463.3 461.9 460.9 459.7 458.8 458.2 457.3 456.1 455.3 454.6 453.7 447.9 429.6 420.5 410.0
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
Current Assets
Cash & Cash Equivalents 1,171.0 537.7 91.0 89.4 70.6 119.8 180.4 106.9 101.8 117.6 63.5 103.8 59.2 72.0 112.5 73.0 89.1 158.3 201.1 96.9 34.0 44.2 197.1 731.0 783.5 80.4 8.7 6.9 5.0 19.2 4.5 9.2 6.5 2.7 4.9 11.5 117.5 15.5 8.4 37.9 22.9
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
Net Receivables 631.6 684.3 754.3 785.3 1,116.4 794 742.6 335.1 336.4 274.3 285.0 267.5 300.9 428.3 438.0 461.3 463.9 464.5 455.8 470.9 779.0 237.6 294.4 327.2 305.7 235.4 194.6 178.4 134.7 111.2 90.0 485.1 98.5 354.1 750.4 751.0 1,136.1 853.1 1,104.5 1,138.9 1,191.6
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 (7.2) (8.7) (21.6) (26.6) (20.9) 0 (22.9) 0 (30.8) (13.1) (14.8) (14.3) (14.1) (12.8)
Other Current Assets 0 (148.6) 136.3 119.6 (273.2) 72.3 61.6 52.4 55.4 169.4 58.7 65.0 58.0 104.7 106.0 121.5 85.9 90.6 158.7 375.9 1,442.5 2,693.5 2,315.6 484.4 378.4 3,661.7 432.9 186.5 37.4 137.1 452.9 723.2 468.1 443.9 243.2 0 0 970.1 444.7 510.9 357.5
Total Current Assets 1,802.6 1,073.5 981.7 994.3 913.9 986.1 984.6 494.4 493.5 561.3 407.2 436.3 418.1 605.0 656.4 655.8 638.8 713.4 815.6 943.7 2,255.6 2,975.4 2,807.1 1,542.6 1,467.6 3,977.5 215.8 97.1 100.1 83.7 93.5 194.2 269.7 88.9 183.1 65.4 176.6 64.4 61.8 80.1 64.9
Non-Current Assets
Property, Plant & Equipment 395.9 412.2 417.4 426.6 422.0 424.2 427.7 440.6 434.0 240.2 233.5 234.1 235.6 237.3 232.2 233.4 232.5 233.9 218.5 215.3 198.4 192.3 190.9 193.7 171.8 167.3 128.5 125.8 126.2 10,209.5 10,235.7 9,962.0 10,859.2 10,731.9 3,217.5 10,651.5 10,633.7 11,325.8 12,101.5 11,925.8 12,065.1
Goodwill 68.5 68.5 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 0 0 0 0 0 0 0 47.0 47.0 47.0 0 50.3 50.3 50.3
Intangible Assets 758.5 654.5 610.5 677.1 747.8 817.3 898.4 1,076.1 1,160.4 314.2 339.2 364.5 392.0 418.1 444.2 470.9 497.1 519.8 520.3 511.6 495.9 519.9 501.6 537.6 550.3 260.2 398.2 390.6 386.7 452.4 449.7 446.1 459.8 458.7 400.9 414.4 432.1 301.5 538.6 550.6 585.3
Long-Term Investments 17,367.2 802.6 796.2 963.4 968.9 936.8 931.8 927.2 930.6 782.9 745.4 732.0 714.7 706.7 698.9 402.2 403.2 448.3 433.8 433.1 444.5 447.6 481.0 505.1 524.6 859.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 2.2 2.2 2.2 2.3 1.3 1.4 1.3
Other Non-Current Assets (17,367.2) (802.6) 16,776.7 16,748.9 16,763.2 16,773.9 16,727.2 17,241.4 17,523.5 13,800.4 13,877.3 13,836.8 13,842.0 13,804.2 13,630.3 13,556.0 13,515.7 13,342.0 12,755.3 12,228.7 11,799.5 11,784.9 11,771.3 13,537.5 13,358.2 8,768.9 24.2 124.0 132.8 3,605.4 3,608.1 3,576.6 3,526.1 3,615.5 20.3 3,216.4 2,676.2 2,519.9 2,324.8 2,187.5 1,555.9
Total Non-Current Assets 1,343.3 1,246.5 18,600.7 18,816.0 18,901.8 18,952.1 18,985.2 19,685.3 20,048.5 15,137.6 15,195.4 15,167.2 15,184.2 15,166.3 15,005.6 14,662.4 14,648.4 14,544.1 13,927.9 13,388.7 12,938.4 12,944.7 12,944.7 14,773.9 14,605.0 10,055.4 4,031.9 4,074.9 4,084.9 4,059.1 4,059.1 4,024.0 3,987.3 4,075.5 3,655.4 3,600.5 3,019.8 2,823.7 2,608.9 2,452.8 1,786.0
Total Assets 21,616.2 20,336.0 19,582.4 19,810.3 19,815.7 19,938.3 19,969.8 20,179.7 20,542.0 15,698.9 15,602.5 15,603.5 15,602.3 15,771.2 15,662.0 15,318.2 15,287.2 15,257.5 14,743.5 14,332.4 15,193.9 15,920.1 15,751.8 16,316.4 16,072.7 14,032.9 4,247.7 4,172.0 4,185.0 4,142.8 4,152.6 4,218.3 4,257.0 4,164.4 3,838.5 3,665.9 3,196.4 2,888.1 2,670.6 2,532.9 1,850.9
Current Liabilities
Account Payables 272.0 718.5 301.0 257.8 248.3 276.0 329.7 268.0 303.8 240.3 260.5 222.7 224.1 265.6 264.5 209.2 215.1 227.6 252.1 688.5 697.0 269.1 834.5 847.1 856.0 457.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 892.8 0 368.1 775 164 150 0 25 183 720 424 329 556 995.6 1,585.3 1,448.6 1,330.8 1,166.0 1,024 720 1,038.2 129.6 0 0 0 93 737.8 530.0 276.5 3.6 0.9 1.7 2.6 3.5 0.8 1.7 252.6 92.4 30.6 869.1 810.3
Deferred Revenue 1,007.2 985.3 0 0 939.9 940.1 903.4 907.9 923.7 0 879.2 881.9 878.4 0 0 0 0 0 0 0 765.9 774.3 755.0 751.4 753.4 274.6 23.5 53.1 45.8 55.1 49.8 43.8 14.1 36.5 20.1 36.4 28.1 33.3 37.5 27.1 18.8
Other Current Liabilities (1,279.2) (718.5) 12.6 1.2 (939.9) (940.1) 0 0 0 0.7 9.0 0.1 0 4.1 12.8 15.9 14.3 15.1 18.9 65.3 (437.8) (358.6) (662.0) (718.8) (721.7) 129.1 (401.3) 202.6 167.8 284.1 326.7 323.3 365.9 276.4 325.2 323.5 38.2 267.5 458.7 (565.1) (769.5)
Total Current Liabilities 892.8 985.3 1,126.7 1,514.8 834.2 875.3 1,653.3 1,642.1 1,823.9 1,377.9 1,990.9 1,893.7 2,123.4 1,772.2 2,331.1 2,171.3 2,040.5 1,936.4 1,772.8 1,473.7 2,063.4 1,305.9 927.6 879.7 887.8 954.2 599.2 585.5 582.8 581.4 529.7 573.7 539.1 435.6 461.8 698.1 319.0 722.6 528.9 441.8 172.1
Non-Current Liabilities
Long-Term Debt 9,530.0 10,144.2 8,763.4 8,266.3 8,712.7 8,566.0 8,583.4 8,578.0 8,572.8 6,156.3 6,240.4 6,239.7 5,897.9 5,502.0 5,005.6 5,005.2 5,004.8 5,004.0 4,514.4 4,318.4 4,724.9 6,168.4 6,379.9 6,728.8 6,389.1 5,909.3 5,862.6 6,289.1 5,761.2 5,564.3 6,797.4 7,401.3 7,962.9 7,877.0 7,465.4 7,483.6 7,649.0 8,290.4 10,889.9 9,886.4 10,125.6
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.8 (16.9) (14.1) (18.7) (10.8) (12.5) 7.3 (10.5) 6.9 (14.2) (10.8) (5.8) (8.9) (8.5) (4.1)
Other Non-Current Liabilities 836.1 (377.5) 155.6 166.4 179.0 191.9 202.9 227.4 238.8 127.4 133.7 140.1 149.6 156.2 162.9 169.6 175.4 177.2 144.0 139.1 138.6 144.2 108.0 110.7 72.1 75.0 263.6 (281.5) (42.9) 168.8 (91.1) (91.4) (7,016.6) (6,905.5) (82.4) (86.0) 0 (0.6) (87.3) (9,798.7) (10,037.3)
Total Non-Current Liabilities 11,663.4 11,048.3 10,190.4 9,708.5 10,138.1 10,005.3 9,094.5 9,118.9 9,118.7 7,396.1 6,578.8 6,584.2 6,255.2 6,710.8 6,204.5 6,190.7 6,201.1 6,175 5,632.3 5,424.9 5,813.9 7,266.8 7,417.9 7,768.0 7,371.5 6,411.2 1,157.1 1,134.2 1,135.0 1,089.0 1,115.7 1,121.2 1,166.9 1,168.8 827.6 808.8 772.9 356.7 347.5 273.2 270.8
Total Liabilities 12,556.2 12,033.6 11,317.1 11,223.3 10,972.3 10,880.6 10,747.8 10,760.9 10,942.5 8,774.0 8,569.7 8,477.9 8,378.7 8,483.0 8,535.6 8,361.9 8,241.6 8,111.4 7,405.1 6,898.6 7,877.2 8,572.7 8,345.5 8,647.7 8,259.2 7,365.4 1,756.3 1,719.6 1,717.8 1,670.4 1,645.4 1,695.0 1,706.0 1,604.4 1,289.4 1,506.9 1,091.9 1,079.3 876.3 715.0 442.9
Stockholders' Equity
Common Stock 695.3 695.0 694.9 694.9 698.6 699.5 699.4 700.3 703.7 547.2 547.1 547.1 547.0 546.6 537.5 539.6 539.5 539.1 539.1 539.0 538.9 538.4 538.4 538.3 538.1 505.2 1.9 1.9 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.6 1.5 1.4 1.3 1.3 1.1
Retained Earnings (5,971.5) (5,952.9) 0 0 0 (5,174.3) 0 0 0 0 (4,528.5) (4,428.4) (4,316.0) (4,269.7) (4,114.8) (4,306.8) (4,212.9) (4,120.8) (3,987.5) (3,880.3) (3,994.6) (3,976.2) (3,923.2) (3,660.2) (3,512.1) (3,601.2) (526.2) (497.0) (460.4) (428.3) (396.1) (376.2) (345.6) (315.4) (282.0) (252.6) (225.9) (197.3) (174.2) (153.2) (129.2)
Accumulated Other Comprehensive Income (0.5) (9.9) (8.0) (5.0) 6.9 28.8 (12.4) 42.3 38.5 19.4 36.7 31.5 18.7 28.1 29.5 (1.3) (3.0) (3.1) (3.3) (3.4) (3.5) (3.7) (3.2) (2.2) (2.5) (2.9) 3.1 5.4 11.0 14.4 20.5 19.6 18.2 14.0 12.0 12.9 14.5 13.7 0.7 (2,887.9) (2,921.7)
Total Stockholders' Equity 7,826.3 7,500.1 7,597.3 7,928.1 8,188.0 8,401.3 8,562.8 8,757.5 8,881.6 6,350.4 6,457.3 6,535.1 6,609.7 6,654.7 6,467.0 6,305.2 6,408.2 6,515.5 6,670.4 6,884.9 6,764.5 6,733.7 6,840.1 7,098.7 7,236.5 6,085.1 2,382.3 2,355.3 2,375.0 2,379.5 2,412.0 2,427.1 2,453.1 2,473.2 2,463.9 2,075.3 2,020.8 1,738.5 1,721.5 1,738.1 1,323.3
Total Liabilities & Equity 21,616.2 20,336.0 19,582.4 19,810.3 19,815.7 19,938.3 19,969.8 20,179.7 20,542.0 15,698.9 15,602.5 15,603.5 15,602.3 15,771.2 15,662.0 15,318.2 15,287.2 15,257.5 14,743.5 14,332.4 15,193.9 15,920.1 15,751.8 16,316.4 16,072.7 14,032.9 4,247.7 4,172.0 4,185.0 4,142.8 4,152.6 4,218.3 4,257.0 4,164.4 3,838.5 3,665.9 3,196.4 2,888.1 2,670.6 2,532.9 1,850.9
Debt Metrics
Total Debt 10,712.9 10,440.4 9,432.9 9,351.4 9,183.2 9,023.3 8,891.7 8,916.5 9,062.9 7,083.0 6,869.2 6,773.1 6,661.6 6,706.1 6,791.8 6,654.9 6,539.6 6,374.5 5,729.8 5,228.1 5,947.5 6,477.9 6,554.9 6,905.8 6,545.9 6,154.7 1,627.6 1,589.7 1,606.5 1,532.9 1,522.4 1,565.6 1,587.6 1,477.5 1,172.2 1,397.2 1,006.7 991.2 786.4 633.5 380.2
Net Debt 9,541.9 9,902.7 9,341.8 9,261.9 9,112.6 8,903.5 8,711.2 8,809.6 8,961.2 6,965.4 6,805.7 6,669.4 6,602.4 6,634.1 6,679.3 6,581.9 6,450.5 6,216.2 5,528.7 5,131.2 5,913.5 6,433.6 6,357.8 6,174.9 5,762.4 6,074.3 1,618.8 1,582.8 1,601.5 1,513.7 1,517.9 1,556.4 1,581.0 1,474.7 1,167.3 1,385.7 889.2 975.7 778 595.6 357.2
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 199.7 121.8 (109.8) 39.0 50.1 10.7 92.7 152.7 11.2 75.4 68.7 56.2 134.5 10.8 358.0 72.3 75.3 32.6 61.9 282.0 149.4 150.2 (59.6) 55.0 282.5 47.4 (42.3) (10.0) 65.0 834.4 102.9 92.9 43.2 (57.9) (5.7) 22.1 464.2 66.2 155.5 306.3 121.2
Depreciation & Amortization 289.7 225.3 262.3 265.9 268.5 274.5 280.0 283.5 219.2 188.5 184.6 197.6 179.2 179.2 173.2 180.5 177.7 178.1 177.2 171.5 157.5 155.7 173.6 178.5 189.3 190.8 171.9 165.3 132.0 130.8 132.2 143.3 143.2 136.8 130.6 130.8 136.6 142.7 141.4 139.9 139.9
Stock-Based Compensation 4.5 4 4.0 1.7 4.6 3.6 3.8 4.8 19.6 3.5 3.4 4.2 3.3 11.8 4.6 5.3 4.7 4.3 4.4 5.1 4.4 4.0 4.4 4.1 4.8 3.6 4.2 6.2 4.1 3.5 2.9 4.3 5.9 3.4 3.8 3.3 3.8 3.6 9.8 4.2 5.3
Change in Working Capital (3.8) 9.1 31.4 81.7 (16.5) (9.5) 29.3 26.7 (1.8) 13.6 28.9 76.3 (35.9) 29.7 43.5 46.1 (0.5) 30.3 19.0 40.0 (63.0) 57.8 36.7 37.7 (23.4) 5.3 42.9 17.5 (43.7) 19.2 1.3 31.6 (5.8) 6.6 (9.6) 20.9 (37.8) (3.5) 21.0 63.7 (46.1)
Other Non-Cash Items (228.1) (70.1) 129.2 (26.0) (28.2) 17.1 (87.7) (152.6) (105.7) (36.5) (31.9) (36.0) (106.8) (23.7) (331.5) (47.8) (63.0) (19.6) (49.4) (260.3) (124.5) (142.7) 41.1 (43.6) (333.3) (25.8) 78.3 46.6 5.1 (766.3) (40.7) (23.6) 11.9 108.0 92.6 65.7 (365.4) 6.5 6.0 (115.8) (0.8)
Operating Cash Flow 260.9 294.1 315.0 363.5 279.4 283.5 318.2 316.2 152.6 231.2 253.3 297.8 173.9 207.0 243.6 255.5 194.2 223.9 211.7 236.9 122.7 218.7 219.9 224.8 95.0 217.5 248.0 222.0 158.6 215.8 193.2 243.5 196.2 209.1 206.3 238.5 193.1 215.5 331.7 398.3 268.6
Investing Activities
Capital Expenditure (24.0) 0 (27.3) 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 0 0 0 0 0 0 0 0 0 0
Acquisitions (427.8) (10.4) (22.4) (21.5) (32.4) (7.2) (17.0) (10.8) (80.2) (39.9) (20.3) (18.6) (9.6) (11.9) 118.7 (0.5) (1.5) (12.4) (2.7) (4.2) (5.9) (29.3) (7.8) (0.3) (1.7) 443.8 (5.5) (4.7) (3.9) (1.4) 389.2 333.3 (3.7) (38.9) (4.5) (13.2) 454.1 (0.0) (0.0) (0.0) (10.1)
Purchases of Investments (26.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (3.6) 5.8 (396.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 5.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 77.4 15.5 25.6 84.3 0.1 273.2 0.4 0.5 0.6 15.0 0 132.4 423.2 0.5 364.4 185.4 0 0 50.3 155.3
Other Investing Activities (23.7) (395.2) (165.7) (188.8) (198.3) (226.6) 47.3 198.3 (17.6) (175.8) (202.1) (176.4) 66.0 (286.3) (235.7) (214.7) (244.5) (660.2) (506.0) 948.8 773.6 (289.3) (235.3) (415.3) 162.7 (451.1) (620.2) (924.4) (156.9) 1,012.5 (78.5) 147.7 (118.0) (878.7) (232.1) (108.2) 1,094.3 (96.4) (160.5) (38.1) (310.9)
Investing Cash Flow (638.6) (405.6) (188.1) (210.3) (230.7) (233.8) 30.2 187.5 (97.8) (215.7) (222.4) (195.0) 56.3 (298.2) (117.0) (215.2) (246.0) (672.6) (508.6) 944.6 767.7 (241.2) (231.2) (384.3) (151.0) (7.3) (352.5) (928.7) (160.3) 1,011.7 325.8 481.0 10.7 (494.4) (236.1) 243.0 1,733.8 (96.5) (160.5) 12.1 (165.8)
Financing Activities
Net Debt Issuance 560.0 709.8 85.0 158.3 155.6 126.3 (26.1) (159.1) 212.1 (361.8) 93.7 116.0 (41.4) (91.0) 135.5 116.5 163.6 634.6 502.0 (678.4) (583.2) (8.6) (302.2) 342.6 (98.3) 404.9 (6.7) 247.1 (2.4) (676.2) (608.9) (541.8) 68.8 49.9 (35.8) (681.9) (647.4) (1,212.6) 110.8 (124.5) (114.0)
Stock Repurchased (1.4) (0.1) (0.0) (72.1) (25.0) (0.3) (20.1) (68.2) (102.0) (0.0) 0.0 (0.2) (6.6) (0.2) (56.0) (0.3) (11.4) (0.3) (0.1) (0.3) (12.2) (0.3) (0.3) (0.3) (9.7) (0.1) (0.3) (1.7) (2.9) (0.1) (0.6) (0.6) (2.1) (0.3) (0.1) (0.8) (3.5) (0.0) (4.8) (0.2) (3.6)
Dividends Paid (212.0) (211.9) (211.9) (211.9) (213.5) (209.8) (209.8) (210.9) (164.2) (164.1) (164.0) (164.0) (165.0) (161.1) (161.7) (161.8) (163.4) (162.0) (162.0) (162.0) (164.1) (199.5) (199.5) (199.6) (188.5) (183.5) (182.1) (177.3) (177.3) (174.3) (174.1) (174.3) (174.1) (174.2) (173.7) (173.5) (173.6) (173.3) (269.2) (268.9) (268.2)
Other Financing Activities (5.9) (9.2) (3.6) (3.0) (11.7) (23.7) (9.7) (63.3) (12.7) 565.4 (7.1) (11.3) (26.9) (6.8) (11.3) (8.0) (7.3) (73.3) (22.1) (244.5) (165.7) 111.8 (24.3) (37.4) (8.4) (687.2) 189.1 242.5 191.2 (558.8) 249.9 (4.4) (66.5) 321.1 (57.4) (7.4) (417.9) 1,220.6 (4.7) (6.6) (2.7)
Financing Cash Flow 1,105.9 489.5 (130.4) (128.6) (94.4) (107.5) (265.7) (501.6) (66.6) 39.5 (77.4) (59.5) (239.9) 49.0 (93.4) (53.6) (18.5) 399.4 321.4 (1,085.2) (924.1) (95.3) (525.8) 106.2 761.4 (181.0) 103.6 716.1 8.5 (1,196.4) (532.4) (720.5) (171.2) 206.5 (262.8) (853.2) (1,239.0) (156.9) (154.6) (388.3) (354.4)
Cash Position
Net Change in Cash 728.2 378.0 (3.5) 24.7 (45.7) (57.7) 82.8 2.1 (11.9) 55.1 (46.6) 43.3 (9.6) (42.3) 33.2 (13.3) (70.3) (49.4) 24.5 96.3 (33.7) (188.1) (537.1) (53.5) 705.4 29.6 (0.9) 9.4 6.8 31.1 (13.2) 4.0 35.8 (78.8) (292.4) (371.5) 687.9 (38.2) 16.4 25.4 (255.4)
Cash at Beginning 537.7 159.7 163.3 138.6 184.3 242.0 159.3 157.2 169.0 113.9 160.5 117.2 126.8 169.1 135.9 149.2 219.4 268.8 244.3 148.0 181.7 299.5 836.6 890.1 184.7 155.1 156.1 146.7 139.8 108.7 121.9 118.0 82.2 133.9 453.4 824.9 137.0 132.9 116.5 91.1 346.5
Cash at End 1,265.9 537.7 159.7 163.3 138.6 184.3 242.0 159.3 157.2 169.0 113.9 160.5 117.2 126.8 169.1 135.9 149.2 219.4 268.8 244.3 148.0 111.4 299.5 836.6 890.1 184.7 155.1 156.1 146.7 139.8 108.7 121.9 118.0 82.2 161.0 453.4 824.9 94.7 132.9 116.5 91.1
Free Cash Flow 236.9 294.1 287.7 363.5 279.4 283.5 318.2 316.2 152.6 231.2 253.3 297.8 173.9 207.0 243.6 255.5 194.2 223.9 211.7 236.9 122.7 218.7 219.9 224.8 95.0 217.5 248.0 222.0 158.6 215.8 193.2 243.5 196.2 209.1 206.3 238.5 193.1 215.5 331.7 398.3 268.6
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1
Income Statement
Revenue 753.0 719.4 705.9 694.3 702.9 698.0 700.4 695.5 606.6 553.7 556.2 545.4 525.7 524.5 520.4 517.9 498.4 483.2 481.5 476.2 455.3 (126.5) 423.6 408.6 381.1 531.7 538.0 491.6 436.2 441.9 456.0 469.6 479.2 443.3 454.0 458.9 492.2 172.2 530.6 538.3 520.5 668.0 657.5 607.5 610.8 603.5 596.6 536.1 530.0 536.6 546.2 512.2 511.2 507.5 468.1 460.4 455.8
Gross Profit (150.4) (627.3) 414.0 418.2 429.7 421.0 420.1 421.7 362.8 329.3 323.5 323.6 302.6 304.0 300.2 302.9 291.1 284.0 279.3 286.1 273.5 97.2 240.4 230.8 143.7 283.3 289.9 277.6 267.2 264.5 274.8 295.7 306.6 244.6 298.7 305.8 333.1 (20.3) 342.8 359.3 344.5 495.5 484.0 471.2 478.8 473.1 497.0 457.3 454.3 463.3 470.7 438.4 438.5 433.6 395.4 390.3 388.5
Operating Income 117.0 145.8 131.7 131.5 135.1 122.6 116.9 111.5 120.3 119.2 115.9 100.1 98.8 66.9 102.5 97.6 89.6 79.8 78.9 90.6 91.1 59.1 76.8 67.3 (3.8) 71.0 95.0 85.2 113.9 112.2 119.1 129.9 134.2 86.3 144.6 153.7 174.1 (183.4) 166.7 196.6 179.2 332.5 328.7 321.9 339.5 349.8 354.6 322.5 326.0 338.3 320.6 305.1 314.7 309.3 288.8 290.7 283.1
Net Income 193.6 114.0 (117.1) 31.7 42.8 4.5 85.9 146.0 6.7 70.9 64.2 51.9 119.0 6.5 354.0 68.3 71.6 28.8 54.7 276.3 145.8 146.4 (63.4) 51.5 279.1 43.5 (45.9) (13.6) 61.5 831.5 99.4 89.9 40.2 (58.7) (7.7) 19.4 461.1 58.7 151.2 301.7 116.1 (598.9) 115.4 164.9 (240.6) 196.6 247.7 218.9 259.1 293.1 233.8 213.4 230.6 241.0 196.1 202.0 193.4
EPS (Diluted) 0.28 0.16 -0.17 0.05 0.06 0.01 0.12 0.21 0.01 0.13 0.12 0.09 0.22 0.01 0.65 0.13 0.13 0.05 0.10 0.51 0.27 0.27 -0.12 0.09 0.54 0.09 -0.09 -0.03 0.13 1.73 0.21 0.19 0.08 -0.13 -0.02 0.04 0.97 0.12 0.32 0.64 0.25 -1.29 0.25 0.36 -0.52 0.43 0.54 0.48 0.56 0.64 0.51 0.47 0.51 0.53 0.45 0.48 0.43
Balance Sheet
Cash & Equivalents 1,171.0 537.7 91.0 89.4 70.6 119.8 180.4 106.9 101.8 117.6 63.5 103.8 59.2 72.0 112.5 73.0 89.1 158.3 201.1 96.9 34.0 44.2 197.1 731.0 783.5 80.4 8.7 6.9 5.0 19.2 4.5 9.2 6.5 2.7 4.9 11.5 117.5 15.5 8.4 37.9 22.9
Total Assets 21,616.2 20,336.0 19,582.4 19,810.3 19,815.7 19,938.3 19,969.8 20,179.7 20,542.0 15,698.9 15,602.5 15,603.5 15,602.3 15,771.2 15,662.0 15,318.2 15,287.2 15,257.5 14,743.5 14,332.4 15,193.9 15,920.1 15,751.8 16,316.4 16,072.7 14,032.9 4,247.7 4,172.0 4,185.0 4,142.8 4,152.6 4,218.3 4,257.0 4,164.4 3,838.5 3,665.9 3,196.4 2,888.1 2,670.6 2,532.9 1,850.9
Total Debt 10,712.9 10,440.4 9,432.9 9,351.4 9,183.2 9,023.3 8,891.7 8,916.5 9,062.9 7,083.0 6,869.2 6,773.1 6,661.6 6,706.1 6,791.8 6,654.9 6,539.6 6,374.5 5,729.8 5,228.1 5,947.5 6,477.9 6,554.9 6,905.8 6,545.9 6,154.7 1,627.6 1,589.7 1,606.5 1,532.9 1,522.4 1,565.6 1,587.6 1,477.5 1,172.2 1,397.2 1,006.7 991.2 786.4 633.5 380.2
Stockholders' Equity 7,826.3 7,500.1 7,597.3 7,928.1 8,188.0 8,401.3 8,562.8 8,757.5 8,881.6 6,350.4 6,457.3 6,535.1 6,609.7 6,654.7 6,467.0 6,305.2 6,408.2 6,515.5 6,670.4 6,884.9 6,764.5 6,733.7 6,840.1 7,098.7 7,236.5 6,085.1 2,382.3 2,355.3 2,375.0 2,379.5 2,412.0 2,427.1 2,453.1 2,473.2 2,463.9 2,075.3 2,020.8 1,738.5 1,721.5 1,738.1 1,323.3
Cash Flow
Operating Cash Flow 260.9 294.1 315.0 363.5 279.4 283.5 318.2 316.2 152.6 231.2 253.3 297.8 173.9 207.0 243.6 255.5 194.2 223.9 211.7 236.9 122.7 218.7 219.9 224.8 95.0 217.5 248.0 222.0 158.6 215.8 193.2 243.5 196.2 209.1 206.3 238.5 193.1 215.5 331.7 398.3 268.6
Capital Expenditure (24.0) 0 (27.3) 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 0 0 0 0 0 0 0 0 0 0
Free Cash Flow 236.9 294.1 287.7 363.5 279.4 283.5 318.2 316.2 152.6 231.2 253.3 297.8 173.9 207.0 243.6 255.5 194.2 223.9 211.7 236.9 122.7 218.7 219.9 224.8 95.0 217.5 248.0 222.0 158.6 215.8 193.2 243.5 196.2 209.1 206.3 238.5 193.1 215.5 331.7 398.3 268.6