Dyne Therapeutics, Inc. logo DYN - Dyne Therapeutics, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 11
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $37.40 DETAILS
HIGH: $60.00
LOW: $23.00
MEDIAN: $38.50
CONSENSUS: $37.40
UPSIDE: 115.31%
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 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
Revenue
Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 470 182 181 175 791 241 166 168 217 625 1,622 632 1,466 615 521 762 3 446 301 318 312 812 198 177 238 516 326 505 451 775 239 858 441 630 872 525 795 1,886 94 774 724 1,046 760
Cost of Revenue 0.6 0.5 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 0 707 787 681 757 583 660 493 545 534 621 496 377 1,145 387 365 552 318 290 253 284 697 565 46 86 162 298 225 278 1,181 334 21.8 308 267 261 525 141 388 558 227 680 535 649 443
Gross Profit (0.6) (0.5) 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 (237) (605) (500) (582) 208 (419) (327) (377) (317) 4 1,126 255 321 228 156 210 (315) 156 48 34 (385) 247 152 91 76 218 101 227 (730) 441 217.2 550 174 369 347 384 407 1,328 (133) 94 189 397 317
Operating Expenses
R&D Expenses 100.9 95.4 97.2 99.2 106.4 81.8 92.8 62.3 44.5 58.8 55.3 59.1 37.5 33.2 34.7 46.7 28.2 42.3 36.5 23.9 18.6 22.1 9.7 7.3 6.1 4.3 3.0 1.9 1.9 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
SG&A Expenses 24.4 20.7 16.7 16.6 15.9 15.3 12.9 9.7 24.6 8.8 7.0 7.6 7.9 7.0 7.6 6.1 7.5 9.7 6.3 6.3 6.5 6.5 3.8 1.3 1.8 1.2 0.6 0.5 0.5 63 44 42 40 44 41 39 37 34 29 35 30 (308) 25 29 26 28 22 25 22 (81) (127) 44 23 38 32 25 40 53 51 49.5 (113) (146) (107) (215) (51) (127) (130) (125) (112) (40) (62) (48)
Other Expenses 0 (0.5) 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 125.3 115.6 113.9 115.8 122.4 97.1 105.7 72.0 69.2 67.7 62.3 66.7 45.5 40.1 42.3 52.8 35.8 52.0 42.8 30.2 25.1 28.6 13.5 8.7 7.9 5.5 3.6 1.8 1.8 63 44 42 40 44 41 39 37 34 29 35 30 (308) 25 29 26 28 22 25 22 (81) (127) 44 23 38 32 25 40 53 51 49.5 (113) (146) (107) (215) (51) (127) (130) (125) (112) (40) (62) (48)
Operating Income
Operating Income (125.3) (116.1) (113.9) (115.8) (122.4) (97.1) (105.7) (72.0) (69.2) (67.7) (62.3) (66.7) (45.5) (40.1) (42.3) (52.8) (35.8) (52.0) (42.8) (30.2) (25.1) (28.6) (13.5) (8.7) (7.9) (5.5) (3.6) (2.4) (2.4) (467) 58 20 (49) 34 (117) (552) 145 (13) 107 10 (1) 31 22 (160) 1 (107) 15 (111) (115) 741 1,030 (999) (58) (1,495) 5 (106) (49) (163) 50 101.8 331 (210) 66 (890) 200 107 1,116 (364) (150) 95 247 185
Interest Expense 4.2 3.2 2.9 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.1 0.1 0.1 0 0 0 0 138 152 159 167 176 166 141 142 133 145 132 136 (37) 32 42 30 26 26 17 28 (121) 57 27 37 72 107 89 89 91 92 179.8 89 104 115 196 0 105 105 108 109 116 117 84
Interest Income 8.8 7.7 8.5 6.6 7.1 7.6 9.3 7.1 3.0 1.8 2.2 2.2 1.5 1.3 0.9 0.4 0.2 0.2 0.2 0.2 0.2 0.0 0 0 0.0 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (125.3) (101.2) (104.6) (110.3) (121.9) (96.7) (105.2) (64.7) (68.8) (67.3) (61.8) (66.3) (45.1) (39.7) (41.9) (52.3) (35.4) (51.4) (42.5) (29.9) (24.9) (28.4) (13.6) (8.7) (7.7) (5.3) (5.8) (2.4) (2.4) (1,396) 224 104 1,308 218 99 (497) 343 (255) 314 189 16 135 91 (2) 78 18 144 (11) (1) 970 113 (1,008) 30 (1,698) 66 (8) 202 339 152 224.8 248 (4) 122 (385) 294 249 390 116 147 108 371 218
EBIT (125.3) (101.8) (105.1) (110.8) (122.4) (97.1) (105.7) (65.1) (69.2) (67.7) (62.3) (66.7) (45.5) (40.1) (42.3) (52.8) (35.8) (51.8) (42.8) (30.2) (25.1) (28.6) (13.8) (8.9) (7.8) (5.4) (5.9) (2.4) (2.4) (988) 18 (153) 450 (57) (84) (655) 148 (2) 149 16 (44) (454) 27 (83) (5) (103) 30 (133) (114) 1,167 (22) (1,037) 0 (1,753) (16) (103) (48) (190) 51 (139.2) 298 (339) 17 (618) 200 39 1,123 (350) (139) 109 272 184
Income Before Tax (120.9) (112.0) (108.0) (110.9) (115.4) (89.5) (97.1) (65.1) (65.6) (66.6) (60.2) (64.9) (44.2) (38.8) (41.4) (52.3) (35.6) (51.8) (42.6) (30.0) (25.0) (28.6) (13.9) (9.0) (7.9) (5.4) (5.9) (1.8) (1.8) (1,126) (134) (312) 283 (233) (250) (796) 6 (135) 4 (116) (180) (417) (5) (125) (35) (129) 4 (150) (142) 1,288 (79) (1,064) (58) (1,825) (123) (192) (137) (281) (41) (319) 209 (443) (98) (814) 0 (66) 1,018 (458) (248) (7) 155 100
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (330) (1) (16) (313) 6 (1) 7 16 (473) 28 (501) 0 1 0 2 2 (38) (20) (22) 1 9 (9) 0 0 (448) (48) (60) (60) 277 (17) 65 (65) 168 140 7 0 56 413 (186) (96) (56) (59) (31)
Net Income (120.9) (112.0) (108.0) (110.9) (115.4) (89.5) (97.1) (65.1) (65.6) (66.6) (60.2) (64.9) (44.2) (38.8) (41.4) (52.3) (35.6) (51.8) (42.6) (30.0) (25.0) (28.6) (13.9) (9.0) (7.9) (5.4) (5.9) (1.8) (1.8) (1,411) (133) (296) 597 (182) (249) (803) (10) (134) (24) 388 (180) 102 (5) (122) (37) (91) 22 (145) (142) 1,279 (70) (1,064) (58) (1,377) (75) (116) (77) (164) (24) (191) 145 (356) (223) (683) 0 (7) 605 (272) (152) (46) 220 76
Per Share Data
EPS (Basic) -0.73 -0.76 -0.76 -0.97 -1.05 -0.88 -0.96 -0.70 -0.81 -1.09 -0.99 -1.08 -0.75 -0.71 -0.78 -1.01 -0.69 -1.00 -0.83 -0.58 -0.50 -0.64 -0.31 -0.22 -0.62 -0.42 -0.46 -0.76 -0.76 -8.71 -0.82 -1.83 3.69 -1.41 -1.98 -6.81 -0.08 -1.07 -0.19 3.08 -1.43 0.81 -0.05 -1.22 -0.37 -0.91 0.22 -1.45 -1.42 12.79 -0.70 -8.65 -0.47 -11.29 -0.61 -0.95 -0.64 -1.37 -0.20 -1.59 0.24 -0.35 -0.22 -0.82 -0.01 0.74 -0.33 -0.18 -0.04 0.18 0.11
EPS (Diluted) -0.73 -0.76 -0.76 -0.97 -1.05 -0.88 -0.96 -0.70 -0.81 -1.09 -0.99 -1.08 -0.75 -0.71 -0.78 -1.01 -0.69 -1.00 -0.83 -0.58 -0.50 -0.64 -0.31 -0.22 -0.62 -0.42 -0.46 -0.76 -0.76 -8.71 -0.82 -1.83 3.69 -1.41 -1.98 -6.81 -0.08 -1.06 -0.17 2.77 -1.43 0.81 -0.05 -1.21 -0.37 -0.91 0.22 -1.45 -1.42 12.79 -0.70 -8.65 -0.47 -11.29 -0.61 -0.95 -0.64 -1.36 -0.20 -1.58 0.24 -0.35 -0.22 -0.82 -0.01 0.74 -0.33 -0.18 -0.04 0.18 0.11
Shares Outstanding 165.0 128.4 141.8 113.9 109.9 102.0 100.9 92.5 81.0 61.4 61.1 59.8 56.3 52.5 51.8 51.7 51.6 51.5 51.3 51.2 49.5 45.1 45.0 41.6 12.8 12.8 12.8 2.4 2.4 162 162 162 162 129 126 118 118 125 126 126 126 126 100 100 100 100 100 100 100 100 100 123 123 122 122 122 121 120 120 120 604.2 1,009.6 1,018.0 832.9 870 870 822.7 831.4 844.4 1,042.2 1,240 692.3
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 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 Q3 2014 Q2 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3
Current Assets
Cash & Cash Equivalents 753.1 893.4 573.6 485.0 472.3 435.4 532.2 608.2 272.0 121.6 130.3 167.6 181.1 172.1 144.9 136.0 148.0 200.8 229.0 258.4 310.9 300.9 379.6 144.9 (14.6) 14.6 (8.1) 365 613 447 467 1,776 1,458 1,142 821 505 934 711 1,734 1,032 948 282 688 471 594 722 638
Short-Term Investments 219.1 217.2 218.3 198.9 205.2 206.8 191.5 170.6 181.5 1.5 27.5 40.1 57.1 83.9 103.2 155.9 175.2 175.7 178.5 177.2 172.1 44.5 0 0 29.3 0 16.2 32 50 83 129 130 73 64 177 100 69 78 80 2 10 219 112 78 121 118 96
Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 513 478 441 394 386 374 392 339 402 436 439 268 243 367 198 164 212 252 232 386
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 0 445 429 477 513 445 447 520 579 597 531 523 224 186 206 136 138 141 179 185 197
Other Current Assets 48.9 16.0 14.4 14.0 12.0 17.0 12.7 13.5 34.6 6.3 10.4 5.4 11.0 9.6 0 0 0 0 0 0 0 0 0 0 0 0 0 169 134 142 188 250 287 323 365 341 297 346 351 128 168 1,524 1,995 1,136 1,717 1,879 793
Total Current Assets 1,021.0 1,126.6 806.3 698.0 689.5 659.3 736.4 792.3 488.1 129.4 168.2 213.2 249.2 265.6 258.2 297.9 344.4 382.4 424.7 461.3 487.1 349.1 379.8 145.1 14.6 14.8 8.1 1,524 1,704 1,590 1,691 2,987 2,639 2,441 2,281 1,945 2,267 2,097 2,657 1,591 1,699 2,359 3,097 2,038 2,863 3,136 2,110
Non-Current Assets
Property, Plant & Equipment 43.3 44.8 45.8 28.5 29.6 30.0 30.5 31.6 32.2 33.4 34.7 35.9 37.1 38.4 39.1 39.8 41.0 41.0 39.9 3.0 2.3 1.9 1.4 1.5 0 1.5 0 8,884 8,929 9,485 9,719 7,121 7,252 7,588 8,242 8,347 8,485 8,666 3,227 3,223 3,260 6,529 8,548 9,071 10,892 10,801 10,579
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 772 772 799 799 799 799 799 797 797 818 837 0 0 0 0 0 0 0 0 532
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25 24 23 31 38 54 70 81 102 120 124 25 39 60 165 177 380 418 438 321
Long-Term Investments 0 0 0 0 0 0 1.9 1.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26 49 46 34 16 40 26 52 18 48 22 4 13 11 0 0 0 0 0 0
Other Non-Current Assets 15.6 15.6 15.0 2.5 1.9 1.9 0 0 1.9 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.9 2.3 2.3 0.2 0.2 (14.6) 0.2 (8.1) (31) 529 816 806 1,665 2,240 2,238 255 330 352 345 5,270 115 93 1,536 (365) (536) (633) (244) (138)
Total Non-Current Assets 58.9 60.4 60.8 31.0 31.6 32.0 32.5 33.6 34.1 35.7 37.0 38.2 39.4 40.7 41.4 42.1 43.3 43.3 42.2 5.8 4.6 4.2 1.6 1.7 (14.6) 1.7 (8.1) 10,247 10,303 11,169 11,389 10,066 10,385 10,721 9,427 9,594 9,890 10,052 8,558 3,456 3,489 8,237 8,360 8,915 10,677 10,995 11,294
Total Assets 1,080.0 1,187.0 867.1 729.0 721.1 691.2 768.8 825.9 522.3 165.1 205.2 251.4 288.6 306.3 299.7 340.0 387.8 425.7 466.9 467.1 491.7 353.3 381.5 146.8 0 16.4 0 11,771 12,007 12,759 13,080 13,053 13,024 13,162 11,708 11,539 12,157 12,149 11,215 5,047 5,188 10,596 11,457 10,953 13,540 14,131 13,404
Current Liabilities
Account Payables 10.8 8.1 12.1 14.0 7.0 6.6 6.2 1.9 7.2 22.9 3.6 2.7 8.8 5.3 0.9 7.0 5.2 4.0 7.1 5.6 5.8 3.4 1.5 2.2 0 1.3 0 367 288 370 287 332 263 286 243 292 315 351 248 173 305 138 124 181 191 158 307
Short-Term Debt 5.0 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 0 105 99 106 117 201 167 141 108 83 71 52 8 37 37 146 63 807 93 64 53
Deferred Revenue 0 0 0 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 18 30 35 5 36 0 0 29 54 22 32 66 65 7 7 6 4 8 22
Other Current Liabilities 35.4 37.5 0 0 0 0 0 14.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0.1 0 0 0 570 462 397 465 378 445 322 512 408 570 521 532 352 346 1,272 1,788 853 1,416 1,585 864
Total Current Liabilities 51.2 50.6 59.8 41.5 33.9 42.3 43.3 29.8 22.4 51.1 29.7 20.2 21.6 28.1 23.3 25.6 23.2 28.7 23.4 14.6 13.4 11.0 4.7 4.1 0 2.4 0 1,049 867 903 904 916 911 749 863 812 1,010 946 820 628 753 1,563 1,982 1,847 1,704 1,815 1,246
Non-Current Liabilities
Long-Term Debt 14.3 15.3 99.1 98.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9.9 9.9 0 0 0 8,328 8,648 9,211 9,200 8,778 9,356 9,365 7,304 7,206 7,208 7,079 7,077 1,973 1,971 4,460 63 807 93 64 53
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 0 7 18 30 35 5 36 38 44 29 67 58 32 66 65 759 0 0 0 0 0
Other Non-Current Liabilities 149.4 148.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.2 0 0.0 0 146 166 161 165 170 168 184 186 183 198 251 236 195 212 342 346 359 474 488 421
Total Non-Current Liabilities 163.6 164.2 115.4 116.1 18.2 19.1 20.0 20.9 21.9 22.7 23.5 24.3 25.1 25.9 26.6 27.3 28.1 28.7 29.4 0 0 0 9.9 10.2 0 0.0 0 8,481 8,832 9,402 9,400 8,953 9,560 9,587 7,534 7,418 7,473 7,388 7,345 2,234 2,248 5,561 409 1,166 567 552 474
Total Liabilities 214.9 214.8 175.3 157.5 52.1 61.4 63.3 50.7 44.2 73.8 53.2 44.5 46.7 54.0 49.9 53.0 51.3 57.5 52.8 14.6 13.4 11.0 14.6 14.3 0 2.4 0 9,870 10,018 10,636 10,654 11,011 10,813 10,694 8,799 8,618 8,975 8,827 8,379 2,997 3,137 7,686 8,355 7,974 9,616 9,951 8,865
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 1 1 1 1 1 1 1 1 1 1 1 1 1 1 6 6 5 5 5
Retained Earnings (1,517.0) (1,396.1) (1,284.2) (1,176.1) (1,065.3) (949.9) (860.4) (763.3) (698.2) (632.5) (565.9) (505.7) (440.8) (396.6) (357.7) (316.4) (264.1) (228.5) (176.7) (134.1) (104.2) (79.2) (50.5) (36.6) 0 (19.7) 0 (1,851) (1,758) (1,626) (1,330) (1,927) (1,746) (1,497) (696) (686) (552) (528) (916) (632) (627) (3,009) 0 0 0 0 0
Accumulated Other Comprehensive Income (0.1) 0 0.5 0.3 0.2 0.0 0.5 (0.2) (0.1) 0 (0.0) (0.1) (0.2) (0.6) (1.0) (1.2) (0.9) (0.3) (0.0) (0.0) (0.1) (0.0) 0 0 (13.4) 0 (4.9) 32 26 28 34 21 15 17 18 19 24 14 19 53 54 (71) (71) (150) (183) (212) (16)
Total Stockholders' Equity 865.1 972.1 691.8 571.4 669.0 629.8 705.5 775.2 478.1 91.3 152.0 206.9 241.9 252.4 249.7 287.1 336.5 368.2 414.1 452.6 478.3 342.4 366.8 132.5 14.0 14.0 4.2 1,901 1,989 2,123 2,426 2,042 2,211 2,468 2,909 2,921 3,182 3,322 2,836 2,050 2,051 2,910 3,102 2,902 3,872 4,184 4,553
Total Liabilities & Equity 1,080.0 1,187.0 867.1 729.0 721.1 691.2 768.8 825.9 522.3 165.1 205.2 251.4 288.6 306.3 299.7 340.0 387.8 425.7 466.9 467.1 491.7 353.3 381.5 146.8 14.0 16.4 4.2 11,771 12,007 12,759 13,080 13,053 13,024 13,162 11,708 11,539 12,157 12,149 11,215 5,047 5,188 10,596 11,457 10,953 13,540 14,131 13,404
Debt Metrics
Total Debt 19.3 20.3 120.5 121.1 23.3 24.0 24.9 25.7 26.6 27.4 28.2 29.0 29.8 30.5 31.2 32.8 32.8 32.6 34 0.4 0.6 0 9.9 9.9 0 0 0 8,433 8,747 9,317 9,317 8,979 9,523 9,506 7,412 7,289 7,279 7,131 7,085 2,010 2,008 4,606 126 1,614 186 128 106
Net Debt (733.8) (873.1) (453.1) (364.0) (448.9) (411.5) (507.3) (582.5) (245.4) (94.2) (102.1) (138.6) (151.3) (141.7) (113.7) (103.1) (115.2) (168.2) (195.0) (258.0) (310.4) (300.9) (369.7) (134.9) 14.6 (14.6) 8.1 8,068 8,134 8,870 8,850 7,203 8,065 8,364 6,591 6,784 6,345 6,420 5,351 978 1,060 4,324 (562) 1,143 (408) (594) (532)
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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1
Operating Activities
Net Income (120.9) (112.0) (108.0) (110.9) (115.4) (89.5) (97.1) (65.1) (65.6) (66.6) (60.2) (64.9) (44.2) (38.8) (41.4) (52.3) (35.6) (51.8) (42.6) (30.0) (25.0) (28.6) (13.9) (9.0) (7.9) (5.4) (5.9) (1.8) (1.8) (1,411) (133) (296) 597 (182) (249) (803) (10) (134) (24) 388 (180)
Depreciation & Amortization 0.6 0.5 0.5 0.5 0.5 1.0 0.4 0.4 0.4 0.6 0.4 0.4 0.4 0.4 0.4 1.6 1.5 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.0 0.0 207 204 225 231 218 181 172 195 219 165 170 60
Stock-Based Compensation 13.1 11.2 0 10.5 13.0 0 8.7 6.7 19.9 5.7 4.9 4.7 4.6 3.8 3.8 0 0 0 3.6 0 3.7 4.2 2.2 0.1 0.1 0.0 0.0 0.0 0.0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (37.6) (11.3) 5.9 5.6 (3.6) (5.1) 14.2 4.2 (32.8) 25.5 4.5 4.2 (7.9) 5.2 (5.2) 16.4 (21.7) 17.3 11.0 (21.3) 2.2 4.1 (0.6) 1.3 0.4 1.2 0.4 (0.2) (0.2) (100) (1,284) 343 36 274 285 (124) 106 (686) (156) 1,030 17
Other Non-Cash Items (0.1) (0.3) 10.9 (0.5) (0.5) 9.3 (0.9) (1.1) (0.4) (0.9) 0.2 (0.1) 0.2 0.2 (0.5) 3.4 5.1 6.0 0.7 4.9 (0.0) 0.1 0.3 0.2 0.0 0.0 2.4 (0.5) (0.5) 1,064 1,483 (207) (1,028) (365) 114 872 (84) 361 366 (2,055) 48
Operating Cash Flow (144.9) (111.8) (90.8) (94.7) (105.9) (84.3) (74.6) (54.9) (78.5) (35.0) (50.6) (55.6) (46.9) (29.2) (42.8) (30.9) (50.7) (28.1) (27.0) (46.1) (18.4) (20.0) (11.9) (7.3) (7.3) (4.0) (3.0) (2.4) (2.4) 84 271 81 149 27 332 126 191 (208) 323 34 (55)
Investing Activities
Capital Expenditure (0.2) (0.5) (19.2) (0.1) (1.0) (1.1) (0.3) (0.9) (0.2) (0.1) (0.2) (0.2) (0.2) (0.5) (0.9) (0.3) (1.4) (2.0) (0.9) (0.7) (0.0) (0.7) (0.2) (0.1) (0.2) (0.7) (0.7) (0.1) (0.1) (224) 0 31 (31) (67) (35) (159) (65) (104) (69) (62) (40)
Acquisitions 0 0 0 0 0 0 0 0 0 0.0 (0.0) 0 0.0 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (70) 14 0 (3,263) 0 0 0 0 0 14 (6,092) 0
Purchases of Investments (64.3) (26.7) (46.9) (40.9) (66.0) (52.7) (57.0) (26.3) (181.4) 0.0 (9.6) (18.0) (16.7) (26.5) (5.2) (34.2) (55.3) (28.5) (51.6) (24.4) (132.2) (44.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (123) (127) 0 0
Sales/Maturities of Investments 62.1 28.2 28.1 47.8 68.4 37.8 37.9 38.3 1.7 26.3 22.6 35.5 44.0 46.2 57.7 52.9 54.6 30.3 49.7 18.7 3.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0.0 0.0 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) (0.0) 0 0 0 0 0 0 0 306 561 (85) 2 200 33 (2,062) 8 132 139 5,138 0
Investing Cash Flow (2.4) 1.0 (38.0) 6.8 1.5 (16.0) (19.4) 11.2 (179.8) 26.2 12.8 17.2 27.1 19.2 51.7 18.4 (2.1) (0.2) (2.8) (6.4) (128.4) (45.2) (0.2) (0.1) (0.2) (0.7) (0.7) (0.1) (0.1) 12 575 (54) (3,292) 133 (2) (2,221) (57) (95) (43) (1,016) (40)
Financing Activities
Net Debt Issuance 6.2 49.4 (0.5) 98.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (10) 0 0 9.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 613 (166) 20 (467) 0 1,142 (321) (821) (123) 584 1,023 (1,734)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (0.0) 0 0 0 0.6 0 0 4.3 10.9 0.1 0 0.8 0.6 0.3 0 0 0 0 0 0 0.0 0.0 (0.4) 0.0 0 0 0 10.0 10.0 (344) (680) (47) (228) 158 (14) 2,416 182 (126) (57) (41) (41)
Financing Cash Flow 7.1 431.0 217.3 100.8 141.2 3.6 18.0 379.9 408.4 0.1 0.5 24.9 28.8 37.2 0.1 0.1 0.0 0.1 0.5 0.0 157.2 (11.2) 380.0 0.0 11.9 0 0 10.0 10.0 (344) (680) (47) (228) 158 (14) 2,416 182 (126) (57) (41) (41)
Cash Position
Net Change in Cash (140.2) 320.1 88.6 12.8 36.8 (96.7) (76.0) 336.2 150.0 (8.7) (37.3) (13.5) 9.0 27.2 8.9 (12.0) (52.9) (28.2) (29.3) (52.6) 10.5 (76.5) 367.9 (7.4) 4.4 (3.1) (5.3) 23.1 7.5 (248) 166 (20) (3,371) 318 316 321 316 (429) 223 (1,023) (136)
Cash at Beginning 895.7 575.6 485.0 474.2 437.4 532.2 610.1 272.0 123.9 130.3 169.9 183.4 174.5 147.2 136.0 148.0 200.8 229.0 258.4 310.9 303.2 379.6 11.7 19.0 14.6 17.8 23.1 0.0 (7.5) 613 447 467 3,838 1,458 1,142 821 505 934 711 1,734 1,870
Cash at End 755.5 895.7 573.6 487.0 474.2 435.4 534.1 608.2 274.0 121.6 132.6 169.9 183.4 174.5 144.9 136.0 148.0 200.8 229.0 258.4 313.6 303.2 379.6 11.7 19.0 14.6 17.8 23.1 0.0 365 613 447 467 1,776 1,458 1,142 821 505 934 711 1,734
Free Cash Flow (145.1) (112.3) (110.0) (94.8) (106.9) (85.4) (74.9) (55.7) (78.7) (35.1) (50.8) (55.9) (47.1) (29.7) (43.7) (31.2) (52.1) (30.1) (27.8) (46.9) (18.4) (20.8) (12.0) (7.4) (7.5) (4.8) (3.7) (2.5) (2.5) (140) 271 112 118 (40) 297 (33) 126 (312) 254 (28) (95)
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 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
Income Statement
Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 470 182 181 175 791 241 166 168 217 625 1,622 632 1,466 615 521 762 3 446 301 318 312 812 198 177 238 516 326 505 451 775 239 858 441 630 872 525 795 1,886 94 774 724 1,046 760
Gross Profit (0.6) (0.5) 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 (237) (605) (500) (582) 208 (419) (327) (377) (317) 4 1,126 255 321 228 156 210 (315) 156 48 34 (385) 247 152 91 76 218 101 227 (730) 441 217.2 550 174 369 347 384 407 1,328 (133) 94 189 397 317
Operating Income (125.3) (116.1) (113.9) (115.8) (122.4) (97.1) (105.7) (72.0) (69.2) (67.7) (62.3) (66.7) (45.5) (40.1) (42.3) (52.8) (35.8) (52.0) (42.8) (30.2) (25.1) (28.6) (13.5) (8.7) (7.9) (5.5) (3.6) (2.4) (2.4) (467) 58 20 (49) 34 (117) (552) 145 (13) 107 10 (1) 31 22 (160) 1 (107) 15 (111) (115) 741 1,030 (999) (58) (1,495) 5 (106) (49) (163) 50 101.8 331 (210) 66 (890) 200 107 1,116 (364) (150) 95 247 185
Net Income (120.9) (112.0) (108.0) (110.9) (115.4) (89.5) (97.1) (65.1) (65.6) (66.6) (60.2) (64.9) (44.2) (38.8) (41.4) (52.3) (35.6) (51.8) (42.6) (30.0) (25.0) (28.6) (13.9) (9.0) (7.9) (5.4) (5.9) (1.8) (1.8) (1,411) (133) (296) 597 (182) (249) (803) (10) (134) (24) 388 (180) 102 (5) (122) (37) (91) 22 (145) (142) 1,279 (70) (1,064) (58) (1,377) (75) (116) (77) (164) (24) (191) 145 (356) (223) (683) 0 (7) 605 (272) (152) (46) 220 76
EPS (Diluted) -0.73 -0.76 -0.76 -0.97 -1.05 -0.88 -0.96 -0.70 -0.81 -1.09 -0.99 -1.08 -0.75 -0.71 -0.78 -1.01 -0.69 -1.00 -0.83 -0.58 -0.50 -0.64 -0.31 -0.22 -0.62 -0.42 -0.46 -0.76 -0.76 -8.71 -0.82 -1.83 3.69 -1.41 -1.98 -6.81 -0.08 -1.06 -0.17 2.77 -1.43 0.81 -0.05 -1.21 -0.37 -0.91 0.22 -1.45 -1.42 12.79 -0.70 -8.65 -0.47 -11.29 -0.61 -0.95 -0.64 -1.36 -0.20 -1.58 0.24 -0.35 -0.22 -0.82 -0.01 0.74 -0.33 -0.18 -0.04 0.18 0.11
Balance Sheet
Cash & Equivalents 753.1 893.4 573.6 485.0 472.3 435.4 532.2 608.2 272.0 121.6 130.3 167.6 181.1 172.1 144.9 136.0 148.0 200.8 229.0 258.4 310.9 300.9 379.6 144.9 (14.6) 14.6 (8.1) 365 613 447 467 1,776 1,458 1,142 821 505 934 711 1,734 1,032 948 282 688 471 594 722 638
Total Assets 1,080.0 1,187.0 867.1 729.0 721.1 691.2 768.8 825.9 522.3 165.1 205.2 251.4 288.6 306.3 299.7 340.0 387.8 425.7 466.9 467.1 491.7 353.3 381.5 146.8 0 16.4 0 11,771 12,007 12,759 13,080 13,053 13,024 13,162 11,708 11,539 12,157 12,149 11,215 5,047 5,188 10,596 11,457 10,953 13,540 14,131 13,404
Total Debt 19.3 20.3 120.5 121.1 23.3 24.0 24.9 25.7 26.6 27.4 28.2 29.0 29.8 30.5 31.2 32.8 32.8 32.6 34 0.4 0.6 0 9.9 9.9 0 0 0 8,433 8,747 9,317 9,317 8,979 9,523 9,506 7,412 7,289 7,279 7,131 7,085 2,010 2,008 4,606 126 1,614 186 128 106
Stockholders' Equity 865.1 972.1 691.8 571.4 669.0 629.8 705.5 775.2 478.1 91.3 152.0 206.9 241.9 252.4 249.7 287.1 336.5 368.2 414.1 452.6 478.3 342.4 366.8 132.5 14.0 14.0 4.2 1,901 1,989 2,123 2,426 2,042 2,211 2,468 2,909 2,921 3,182 3,322 2,836 2,050 2,051 2,910 3,102 2,902 3,872 4,184 4,553
Cash Flow
Operating Cash Flow (144.9) (111.8) (90.8) (94.7) (105.9) (84.3) (74.6) (54.9) (78.5) (35.0) (50.6) (55.6) (46.9) (29.2) (42.8) (30.9) (50.7) (28.1) (27.0) (46.1) (18.4) (20.0) (11.9) (7.3) (7.3) (4.0) (3.0) (2.4) (2.4) 84 271 81 149 27 332 126 191 (208) 323 34 (55)
Capital Expenditure (0.2) (0.5) (19.2) (0.1) (1.0) (1.1) (0.3) (0.9) (0.2) (0.1) (0.2) (0.2) (0.2) (0.5) (0.9) (0.3) (1.4) (2.0) (0.9) (0.7) (0.0) (0.7) (0.2) (0.1) (0.2) (0.7) (0.7) (0.1) (0.1) (224) 0 31 (31) (67) (35) (159) (65) (104) (69) (62) (40)
Free Cash Flow (145.1) (112.3) (110.0) (94.8) (106.9) (85.4) (74.9) (55.7) (78.7) (35.1) (50.8) (55.9) (47.1) (29.7) (43.7) (31.2) (52.1) (30.1) (27.8) (46.9) (18.4) (20.8) (12.0) (7.4) (7.5) (4.8) (3.7) (2.5) (2.5) (140) 271 112 118 (40) 297 (33) 126 (312) 254 (28) (95)