Everest Re Group, Ltd. logo EG - Everest Re Group, Ltd.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 14
SELL 0
STRONG
SELL
0
| PRICE TARGET: $356.75 DETAILS
HIGH: $377.00
LOW: $332.00
MEDIAN: $360.00
CONSENSUS: $356.75
UPSIDE: 1.28%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 4,068 4,422 4,254 4,404 4,238 4,614 4,251 4,129 4,080 3,626 3,932 3,599 3,286 3,255 3,073 2,837 2,896 3,045.9 2,925 3,076.7 2,743.8 2,761.4 2,610.2 2,244.5 1,982.2 2,314.4 2,042.5 2,008.7 1,965.8 1,794.7 1,936.5 1,892.9 1,745.2 1,867.2 1,725.5 1,530.6 1,484.8 1,614.0 1,510.5 1,427.9 1,242.0 1,562.0 1,332.1 1,390.4 1,435.6 1,518.4 1,535.9 1,452.5 1,283.8 1,517.1 1,401.5 1,354.5 1,367.7 1,272.7 1,219.0 1,182.1 1,249.1 1,285.9 1,024.8 1,176.8 1,206.4 1,258.4 1,178.1 1,099.4 1,169.9 1,181.5 1,156.5 1,171.3 989.3 722.8 809.7 1,078.4 916.8 1,109.0 1,202.0 1,268.7 1,202.3 1,173.0 1,113.9 1,052.7 1,177.7 1,068.6 1,103.7 1,251.0 1,136.6 1,362.2 1,263.6 1,264.1 1,118.8 1,213.0 952.8 806.3 554.4 480.7 485.0 409.7 1,894.2 370.6 351.6 339.8
Cost of Revenue 2,217 2,968.3 3,727 3,352 3,717 5,075 3,410 3,101 3,019 3,107 2,998 2,646 2,627 2,462 3,264 2,506 2,395 2,417.1 2,838 2,143.9 2,200.4 2,489.9 2,181.5 1,873.3 1,879.4 1,858.0 1,815 1,515.6 1,438.0 2,397.6 1,633.3 1,724.7 1,414.8 1,069.1 2,543.2 1,161.2 1,053.1 1,103.5 1,095.7 1,153.3 975.8 1,020.6 1,166.8 1,068.7 998.2 1,029.0 1,128.3 1,019.4 865.4 979.8 1,018.7 953.7 825.7 1,159.6 824.7 873.7 840.0 1,019.9 948.7 735.8 1,249.8 720.1 674.8 643.9 906.9 650.1 587.2 566.8 569.9 475.2 813.7 604.7 585.6 818.7 623.6 656.7 601.8 686.4 580.8 577.3 728.0 1,079.0 1,352.3 721.9 698.6 970.9 988.3 703.9 735.1 791.3 609.0 553.4 369.9 321.9 308.1 256.2 248.7 232.8 246.7 208.1
Gross Profit 1,851 1,453.7 527 1,052 521 (461) 841 1,028 1,061 519 934 953 659 793 (191) 331 501 628.8 87 932.8 543.3 271.5 428.6 371.2 102.9 456.4 227.5 493.1 527.8 (602.9) 303.2 168.2 330.3 798.1 (817.7) 369.4 431.7 510.4 414.7 274.6 266.3 541.4 165.3 321.7 437.3 489.4 407.6 433.1 418.4 537.3 382.8 400.9 542.0 113.0 394.2 308.4 409.2 266.0 76.1 441.0 (43.3) 538.3 503.3 455.5 263.1 531.3 569.3 604.5 419.4 247.6 (4.0) 473.6 331.2 290.3 578.5 612.1 600.5 486.6 533.1 475.4 449.7 (10.3) (248.6) 529.0 438.0 391.3 275.3 560.2 383.6 421.7 343.8 252.9 184.5 158.8 176.9 153.5 1,645.5 137.8 105.0 131.8
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 1,079 831.7 0 31 21 26 25 22 22 0 0 0 19 16 16 15.0 14 21.5 18 16.2 12.4 11.9 10.6 8.7 9.8 10.3 8.4 7.5 6.7 7.2 7.9 6.6 9.0 4.6 5.9 6.9 8.5 5.8 6.4 7.1 7.9 5.9 5.9 5.9 5.5 4.6 10.0 3.9 4.9 8.2 4.8 6.2 5.7 (717.1) 5.9 6.1 4.7 253.3 232.2 241.2 240.4 247.8 241.4 240.4 217.2 243.8 233.7 233.6 226.0 240.8 218.0 244.7 227.1 0 240.1 234.4 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 Expenses 36 0 259 206 251 258 238 173 207 248 208 202 232 209 194 194.0 185 107.3 157 156.5 157.9 140.2 145.5 125.4 136.6 226.9 126.1 113.3 106.6 92.2 105.8 100.8 103.7 98.2 80.4 86.9 84.9 89.0 87.5 81.2 81.3 79.9 77.0 70.9 67.7 77.8 75.5 67.4 58.2 77.1 67.5 72.3 66.4 792.0 69.1 62.9 61.7 55.2 (165.4) 59.0 58.0 54.3 57.5 54.8 55.6 67.8 61.9 58.1 60.3 61.8 60.1 59.5 19.8 284.6 26.8 24.2 243.1 240.8 233.4 223.9 255.0 228.5 222.2 294.0 244.3 311.7 267.5 234.2 237.3 278.4 218.7 195.1 130.9 118.8 (282.1) 94.4 1,583.9 77.8 57.9 68.7
Operating Expenses 1,115 831.7 259 237 272 284 263 195 229 248 208 202 251 225 210 209 199 128.8 175 172.6 170.2 152.2 156.1 134.1 146.5 237.3 134.5 120.8 113.3 99.4 113.7 107.5 112.7 102.8 86.3 93.8 93.3 94.8 93.9 88.3 89.2 85.8 82.9 76.9 73.2 82.4 85.5 71.3 63.2 85.2 72.3 78.4 72.1 75.0 75.0 69.0 66.3 308.5 66.7 300.2 298.3 302.0 298.9 295.1 272.8 311.6 295.6 291.7 286.3 302.6 278.2 304.2 246.9 284.6 267.0 258.7 243.1 240.8 233.4 223.9 255.0 228.5 222.2 294.0 244.3 311.7 267.5 234.2 237.3 278.4 218.7 195.1 130.9 118.8 (282.1) 94.4 1,583.9 77.8 57.9 68.7
Operating Income
Operating Income 736 622 268 815 249 (745) 578 833 832 271 726 751 408 568 (401) 122 302 500.1 (88) 760.2 373.1 119.4 272.5 237.1 (43.6) 219.1 93.0 372.3 414.5 (702.3) 189.5 60.8 217.6 695.3 (904.1) 275.5 338.4 415.6 320.9 186.3 177.1 455.5 82.4 244.9 364.1 407.0 322.1 361.8 355.3 452.1 310.6 322.5 469.8 38.1 319.2 239.4 342.8 (42.5) 9.4 140.8 (341.7) 236.2 204.4 160.3 (9.8) 219.7 273.7 312.9 133.1 (55.1) (282.2) 169.4 84.2 5.7 311.5 353.4 357.4 245.8 299.7 251.6 194.8 (238.8) (470.7) 235.0 193.6 79.5 7.8 326.0 146.4 143.3 125.1 57.8 53.6 40.0 458.9 59.1 61.6 60.0 47.1 63.0
Interest Expense 36 25 38 38 38 37 38 37 37 35 34 33 32 27 25 24 24 23.4 16 15.6 15.6 14.8 6.6 7.3 7.6 7.7 7.9 8.4 7.6 8.0 7.9 7.7 7.4 7.3 7.3 8.1 9.0 9.0 8.9 9.1 9.2 9.2 9.0 9.0 9.0 9.6 12.4 9.0 7.6 7.6 7.6 17.4 13.5 13.9 13.3 13.2 13.2 13.1 13.1 13.1 13.0 13.0 13.1 13.0 16.6 17.4 17.4 17.1 20.1 19.8 19.8 19.8 19.8 21.5 26.8 24.2 17.2 17.2 17.1 17.1 17.1 17.1 17.1 17.1 21.6 22.3 19.1 19.3 14.5 10.1 14.3 10.5 10.6 10.7 11.5 12.4 12.8 11.9 11.6 3.1
Interest Income 0 0 7 2 12 6 5 9 6 3 5 2 0 0 0 1 0 0 0 0 0 0 0 0 8.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 736 622 307 853 286 (711) 615 869 869 306 759 783 440 595 (376) 143 326 523.4 (72) 775.8 388.7 134.2 279.1 244.3 (36.0) 226.8 100.9 380.8 422.2 (694.3) 197.4 68.5 225.1 702.6 (896.8) 283.6 347.4 424.6 329.8 195.4 186.3 464.7 91.4 253.9 373.1 416.5 334.5 370.8 362.8 459.8 318.2 339.8 483.3 52.0 332.5 252.6 356.0 (29.4) 22.5 153.9 (328.7) 249.3 217.6 173.4 6.9 237.1 291.1 330.0 153.2 (35.3) (262.4) 189.2 104.5 25.3 332.5 375.6 375.9 265.5 322.9 274.7 219.2 (213.9) (445.3) 255.8 222.9 108.8 31.2 352.5 167.3 161.2 139.9 66.6 62.0 57.1 7.6 71.6 82.0 69.6 53.6 66.1
EBIT 736 622 307 853 286 (711) 615 869 869 306 759 783 440 595 (376) 143 326 523.4 (72) 775.8 388.7 134.2 279.1 244.3 (36.0) 226.8 100.9 380.8 422.2 (694.3) 197.4 68.5 225.1 702.6 (896.8) 283.6 347.4 424.6 329.8 195.4 186.3 464.7 91.4 253.9 373.1 416.5 334.5 370.8 362.8 459.8 318.2 339.8 483.3 52.0 332.5 252.6 356.0 (29.4) 22.5 153.9 (328.7) 249.3 217.6 173.4 6.9 237.1 291.1 330.0 153.2 (35.3) (262.4) 189.2 104.0 27.2 338.3 377.7 374.5 262.9 316.8 268.7 211.9 (221.7) (453.6) 252.1 215.2 101.8 26.9 345.3 160.9 153.4 139.4 68.3 64.1 50.8 11.5 71.6 74.4 72.0 58.7 66.1
Income Before Tax 736 597 269 815 248 (748) 577 832 832 271 725 750 408 568 (401) 119 302 500.1 (88) 760.2 373.1 119.4 272.5 237.1 (43.6) 219.1 93.0 372.3 414.5 (702.3) 189.5 60.8 217.6 695.3 (904.1) 275.5 338.4 415.6 320.9 186.3 177.1 455.5 82.4 244.9 364.1 407.0 322.1 361.8 355.3 452.1 310.6 322.5 469.8 38.1 319.2 239.4 342.8 (42.5) 9.4 140.8 (341.7) 236.2 204.4 160.3 (9.8) 219.7 273.7 312.9 133.1 (55.1) (282.2) 169.4 84.2 5.7 311.5 353.4 357.4 245.8 299.7 251.6 194.8 (238.8) (470.7) 235.0 193.6 79.5 7.8 326.0 146.4 143.3 125.1 57.8 53.6 40.0 69.9 59.1 61.6 60.0 47.1 63.0
Income Tax Expense 83 151 14 135 39 (155) 68 108 99 (532) 47 80 43 72 (82) (3) 4 69.4 (14) 80.2 31.2 55.8 29.5 46.2 (60.2) 1.4 (11.4) 39.5 60.0 (320.0) (8.9) (9.1) 7.3 124.3 (264.7) 29.9 46.8 42.0 25.5 30.6 5.4 63.2 (6.1) 35.8 41.2 49.7 20.9 63.9 53.2 85.4 72.0 46.8 85.5 (20.7) 68.3 24.9 38.1 (83.5) (53.7) 9.5 (25.8) (66.3) 30.2 3.7 12.9 22.5 45.1 40.3 24.5 (38.5) (49.0) 16.4 6.3 (6.6) 64.9 70.5 59.8 39.4 54.0 31.2 26.4 (76.7) (53.0) 40.9 26.5 (13.8) (3.7) 62.1 20.3 21.5 15.5 2.3 0.1 4.7 12.6 9.0 10.2 12.3 8.3 14.5
Net Income 653 446 255 680 210 (593) 509 724 733 804 678 670 365 496 (319) 122 298 430.7 (73) 680.0 341.9 63.6 243.1 190.9 16.6 217.6 104.4 332.9 354.6 (382.3) 198.4 69.9 210.3 571.0 (639.4) 245.7 291.6 373.6 295.4 155.7 171.7 357.3 88.6 209.1 323.0 340.1 274.9 290.2 293.9 364.6 234.8 275.6 384.3 58.8 250.9 214.6 304.7 41.0 63.1 131.3 (315.9) 302.5 174.2 156.7 (22.7) 197.2 228.6 272.6 108.6 (16.6) (233.1) 153.0 77.9 12.2 246.6 282.9 297.6 206.4 245.7 220.4 168.4 (162.2) (417.7) 194.2 167.1 93.3 11.5 264.0 126.1 121.8 109.6 55.6 53.4 35.4 57.3 50.1 51.4 47.7 38.7 48.6
Per Share Data
EPS (Basic) 16.21 10.77 6.09 16.10 4.90 -13.77 11.80 16.71 16.87 18.53 15.64 16.27 9.30 12.72 -8.22 3.15 7.67 11.00 -1.88 16.97 8.53 1.61 6.08 4.78 0.41 5.34 2.56 8.42 8.57 -9.50 5.04 1.71 5.14 13.92 -15.73 5.98 7.12 9.14 7.11 3.70 4.03 8.32 2.02 4.72 7.26 7.54 6.05 6.32 6.26 7.62 4.85 5.60 7.56 1.14 4.84 4.10 5.70 0.77 1.16 2.42 -5.81 5.51 3.12 2.70 -0.38 3.29 3.76 4.44 1.77 -0.27 -3.80 2.48 1.25 0.19 3.93 4.50 4.64 3.15 3.80 3.41 2.61 -2.62 -7.41 3.45 2.98 1.64 0.20 4.72 2.26 2.14 2.03 1.08 1.04 0.75 1.24 1.09 1.10 1.04 0.85 1.06
EPS (Diluted) 16.21 10.77 6.09 16.10 4.90 -13.80 11.80 16.70 16.87 18.53 15.64 16.27 9.30 12.72 -8.22 3.11 7.67 10.99 -1.87 16.95 8.52 1.61 6.07 4.77 0.41 5.32 2.56 8.39 8.54 -9.50 5.02 1.70 5.11 13.85 -15.73 5.95 7.07 9.08 7.06 3.67 4.00 8.26 2.00 4.68 7.19 7.47 6.00 6.26 6.21 7.54 4.81 5.56 7.50 1.13 4.82 4.08 5.68 0.77 1.16 2.41 -5.81 5.51 3.11 2.70 -0.38 3.29 3.75 4.43 1.76 -0.27 -3.78 2.46 1.24 0.19 3.90 4.45 4.59 3.15 3.76 3.38 2.57 -2.62 -7.41 3.40 2.93 1.64 0.20 4.64 2.22 2.14 1.99 1.08 1.02 0.75 1.22 1.07 1.10 1.03 0.84 1.06
Shares Outstanding 40.3 41.4 41.9 42.2 42.7 42.7 42.6 42.8 42.9 43.4 42.9 40.7 38.7 39 38.8 38.9 38.8 39.2 39.2 39.5 39.5 39.5 39.5 39.4 40.2 40.8 40.8 40.7 40.7 40.2 40.8 40.9 40.9 41.0 40.6 41.1 41.0 40.9 41.5 42.1 42.6 42.9 43.8 44.3 44.5 45.1 45.4 45.9 47.0 47.9 48.4 49.2 50.8 51.6 51.8 52.3 53.5 53.3 54.4 54.3 54.4 54.4 55.8 58.0 59.6 59.7 60.8 61.4 61.3 61.3 61.4 61.7 62.4 62.7 62.8 62.9 64.2 64.8 64.7 64.7 64.6 61.8 56.4 56.3 56.1 56.0 56.0 55.9 55.8 55.5 54.1 50.9 51.3 46.3 46.1 46.1 45.9 45.8 45.8 45.9
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 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1
Current Assets
Cash & Cash Equivalents 1,415 1,318 1,539 1,902 1,567 1,549 1,599 1,570 1,544 1,437 1,765 2,067 1,610 1,398 1,679 2,116 1,778 1,441 1,068 1,106.3 1,132.7 801.7 938.9 922.5 817.6 808.0 717.2 661.4 584.0 656.1 639.8 619.5 700.6 635.1 585.4 469.2 468.2 481.9 435.8 429.3 328.9 191.5 214.2 247.6 472 467.2 206.1 104.6 101.2 184.9 134.9 153.7 208.8 120.2 79.7 18.1 70.0 76.8 66.3 66.8 67.0 62.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Investments 17,225 18,195 18,684 17,212 17,435 18,889 17,712 32,501 31,750 15,144 28,517 27,221 25,669 10,431 23,758 23,551 24,603 23,486 23,860 23,391.0 22,634.9 8,338.7 19,080.9 17,913.7 16,992.3 5,824.6 17,025.1 16,549.1 16,112.8 4,247.1 15,351.0 15,760.0 16,354.6 4,536.6 16,409.1 16,427.4 16,296.0 5,729.3 15,798.6 15,813.6 15,632.8 381.9 592.5 673.1 1,107.4 1,173.1 2,666.4 831.7 579.6 151.9 212.7 242.2 169.1 387.4 173.2 236.7 117.1 398.5 118.2 153.4 189.4 73.6 0 0 0 34.8 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 12,020 12,188 11,336 11,182 10,688 10,091 9,130 8,168 7,745 8,222 7,146 6,905 6,464 6,536 5,893 5,682 5,523 5,498 5,794 5,402.3 4,975.7 4,692.4 4,611.8 4,631.5 4,555.4 4,328.3 4,572.9 4,546.3 4,653.0 4,565.3 4,102.4 4,021.7 3,528.5 3,492.5 3,853.8 3,035.4 2,892.8 2,682.0 2,802.3 2,607.0 2,618.7 1,064.1 1,130.3 1,123.8 1,073.4 999.5 1,818.9 2,488.6 2,444.3 2,332.0 2,042.4 1,913.1 673.4 1,611.6 1,243.5 1,008.7 933.2 903.1 827.0 1,097.9 1,057.2 1,037.5 294.5 275.5 286.1 1,243.4 305 282.4 264.7 256.2 267.8 238.6 244.1 226.5 271.7 299.6 295.6
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 1,189 1,155 0 1,097 1,075 1,071 0 893 909 920 0 811 798.8 740.6 (14,244.7) (25,087.5) (23,931.8) (22,803.7) (11,406.6) (22,799.4) (22,233.2) (21,709.9) (9,811.9) (20,467.3) (20,769.9) (20,905.0) (8,952.4) (21,163.3) (20,213.4) (19,872.8) (9,085.0) (19,269.6) (19,069.0) (18,757.2) (1,755.8) (2,043.4) (2,152.5) (2,260.4) (2,713.8) (4,733.6) (3,504.0) (3,219.7) (2,767.1) (2,478.0) (2,384.4) (1,114.8) (2,165.3) (1,554.2) (1,327.6) (1,182.2) (1,436.7) (1,056.1) (1,340.2) (1,330.4) (1,182.8) (294.5) (275.5) (286.1) (1,326.2) (305) (282.4) (264.7) (256.2) (267.8) (238.6) (244.1) (226.5) (271.7) (299.6) (295.6)
Total Current Assets 31,171 32,354 32,485 31,237 30,535 31,398 29,393 45,656 44,227 25,516 40,437 39,046 36,436 18,975 33,646 33,657 34,164 30,940 32,883 31,942.9 30,589.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,540 1,546 1,542 1,576 1,494 1,461 1,475 0 0 1,247 0 0 0 962 0 0 0 872 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 26,380 25,915 25,609 25,185 23,627 21,092 22,778 4,994 4,854 20,560 4,353 4,262 4,156 18,041 3,079 3,055 2,917 4,746 2,855 2,558.6 2,173.2 22,647.4 20,254.0 18,862.8 17,715.2 18,176.9 17,931.3 17,463.8 16,996.0 16,185.2 16,517.5 15,760.0 16,354.6 16,359.6 16,409.1 16,427.4 16,296.0 15,668.0 15,798.6 15,813.6 15,632.8 14,329.6 14,252.7 14,125.9 13,106.9 12,540.6 14,074.5 10,015.5 9,977.1 9,033.1 8,269.8 7,371.6 6,996.4 6,575.8 5,600.0 5,557.0 5,415.6 5,386.9 4,966.4 4,547.6 4,614.0 4,049.5 0 0 0 4,281.7 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 3,251 2,699 2,604 2,521 2,476 2,390 2,218 1,910 1,856 2,076 1,529 1,360 1,247 1,988 1,419 1,196 906 1,627 775 868.5 833.2 (22,647.4) (20,254.0) (18,862.8) (17,715.2) (18,176.9) (17,931.3) (17,463.8) (16,996.0) (16,185.2) (16,517.5) (15,760.0) (16,354.6) (16,359.6) (16,409.1) (16,427.4) (16,296.0) (15,668.0) (15,798.6) (15,813.6) (15,632.8) (14,329.6) (14,252.7) (14,125.9) (13,106.9) (12,540.6) (14,074.5) (10,015.5) (9,977.1) (9,033.1) (8,269.8) (7,371.6) (6,996.4) (6,575.8) (5,600.0) (5,557.0) (5,415.6) (5,386.9) (4,966.4) (4,547.6) (4,614.0) (4,049.5) 0 0 0 (4,281.7) 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Assets 31,171 30,160 29,755 29,282 27,597 24,943 26,471 6,904 6,710 23,883 5,882 5,622 5,403 20,991 4,498 4,251 3,823 7,245 3,630 3,427.1 3,006.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 62,342 62,514 62,240 60,519 58,132 56,341 55,864 52,560 50,937 49,399 46,319 44,668 41,839 39,966 38,144 37,908 37,987 38,185 36,513 35,370.1 33,595.4 32,711.5 30,153.0 28,584.8 27,222.6 27,324.1 27,023.7 26,387.8 25,630.5 24,794.0 24,410.9 23,885.9 23,513.2 23,591.8 23,936.3 22,521.9 22,193.0 21,321.5 21,663.1 21,282.2 20,855.9 18,206.9 18,160.1 18,001.3 17,326.9 16,725.0 17,860.9 13,908.9 13,721.2 12,683.0 11,420.2 10,370.3 9,864.6 9,015.8 7,660.7 7,316.7 7,084.1 7,013.1 6,508.7 6,315.2 6,320.3 5,704.3 5,783.1 5,941.6 5,993.4 5,996.7 5,811.9 5,732.4 5,685.7 5,538 5,369 5,248.9 5,088.2 5,039.4 4,925.1 4,763.6 4,756.8
Current Liabilities
Account Payables 624 642 1,084 918 781 701 979 0 0 650 0 0 0 567 0 0 0 450 0 0 0 294.3 364.7 369.8 369.4 291.7 371.8 346.2 287.8 218.4 290.0 312.5 244.3 218.0 269.2 262.5 207.6 191.0 262.7 224.4 179.1 50.8 42.7 53.0 44.3 49.6 29.7 32.5 35.1 46.0 86.6 70.9 61.2 45.3 31.0 55.0 57.9 52.4 40.5 12.4 18.8 8.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 0 0 0 0 2,350 2,350 2,350 0 0 2,349 0 0 0 2,347 0 0 0 2,346 0 0 0 1,376.7 0 0 50 397.1 397.0 397.0 397.0 397.0 396.9 396.9 0 396.8 0 0 0 0 0 0 0 133 0 200.0 0 0 0 70 70 70 70 70 70 125 134 134 132 235 137 106 106 59 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 6,697 7,275 7,489 7,643 7,253 7,324 7,462 7,313 6,826 6,622 6,295 5,943 5,418 5,147 4,795 4,681 4,572 4,610 4,421 4,024.1 3,704.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Liabilities 34,921 34,579 33,758 32,491 31,521 29,916 27,496 26,155 25,390 24,628 24,191 23,580 23,011 22,078 21,350 20,086 19,633 19,027 19,033 17,861.6 17,243.9 (1,888.2) (491.7) (461.9) (504.0) (722.3) (830.2) (891.8) (803.0) (669.6) (798.4) (766.9) (301.5) (656.3) (331.5) (352.0) (492.4) (222.4) (351.8) (313.9) (246.4) (518.6) (54.8) (262.9) (54.2) (62.5) (49.6) (188.6) (145.0) (171.0) (170.0) (154.3) (144.7) (172.6) (167.1) (200.4) (191.7) (320.0) (179.8) (130.2) (131.4) (63.4) 0 0 0 (17.6) 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 42,501 42,517 42,391 41,119 41,955 40,397 38,764 34,534 33,379 34,408 31,522 30,241 29,289 30,159 26,829 25,342 24,776 26,467 24,050 22,434.5 21,525.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 3,589 3,589 3,588 3,588 3,587 3,587 3,387 3,386 3,386 3,386 3,085 3,085 3,085 3,084 3,084 3,089 3,089 3,089 1,911 1,910.8 1,910.6 1,910.4 710.8 620.8 632.2 633.8 633.8 633.7 633.7 633.6 633.6 633.5 633.4 633.4 633.3 633.3 633.2 633.2 633.1 633.1 638.4 488.1 818.0 818.0 1,017.9 1,017.8 1,395.4 995.6 995.6 665.6 449.0 659.0 938.9 448.9 448.7 448.7 448.7 448.6 448.6 448.5 448.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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 0 0 97.1 0 0 0 143.2 0 0 0 152.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Non-Current Liabilities 961 948 885 792 (1,550) (1,519) (1,623) 458 543 (1,597) 486 440 451 (1,718) 582 624 594 (1,511) 573 608.0 476.2 (1,910.4) (710.8) (620.8) (632.2) (633.8) (633.8) (702.9) (707.2) (633.6) (633.6) (633.5) (633.4) (633.4) (633.3) (633.3) (633.2) (633.2) (633.1) (633.1) (638.4) (488.1) (818.0) (818.0) (1,017.9) (1,017.8) (1,395.4) (995.6) (995.6) (665.6) (449.0) (659.0) (938.9) (448.9) (448.7) (448.7) (448.7) (448.6) (448.6) (448.5) (448.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 4,550 4,537 4,473 4,380 2,037 2,068 1,764 3,844 3,929 1,789 3,571 3,525 3,536 1,366 3,666 3,713 3,683 1,578 2,484 2,518.8 2,386.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Liabilities 47,051 47,054 46,864 45,499 43,992 42,465 40,528 38,378 37,308 36,197 35,093 33,766 32,825 31,525 30,495 29,055 28,459 28,045 26,534 24,953.3 23,912.5 22,985.3 20,561.7 19,298.5 18,641.7 18,191.1 18,040.5 17,503.6 17,203.9 16,890.2 16,081.8 15,644.5 15,169.0 15,222.6 15,966.9 13,937.1 13,845.1 13,246.1 13,622.0 13,296.7 13,015.6 12,171.3 12,123.1 11,899.6 11,781.5 11,685.1 12,248.6 10,544.1 10,356.6 9,524.6 8,154.8 7,881 7,496.0 6,717.6 5,940.5 5,608.7 5,403.8 5,429.7 5,037.9 4,914.5 4,947.2 4,376.8 4,405.3 4,530.8 4,538.1 4,517.5 4,353.3 4,333 4,329.4 4,230.5 4,122.1 4,083.7 4,015.5 3,961.8 3,910.5 3,790.8 3,790.4
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0 0 0 0.5 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 17,139 16,565 16,202 16,030 15,434 15,309 15,988 15,565 14,927 14,270 13,542 12,940 12,342 12,042 11,610 11,994 11,936 11,700 11,330 11,465.0 10,847.1 10,567.5 10,565.8 10,384.6 10,255.7 10,306.6 10,152.1 10,152.1 9,866.2 9,574.4 10,013.6 9,860.8 9,844.2 9,684.7 9,167.0 9,857.7 9,663.3 9,422.9 9,100.4 8,852.5 8,745.0 4,645.0 4,515.8 4,566.8 4,198.7 3,898.3 3,974.9 2,336.7 2,078.3 1,957.8 1,745.7 1,641.1 1,551.4 1,499.9 1,304.3 1,351.3 1,297.2 1,250.3 1,201.7 1,156.7 1,120.8 1,074.9 1,038.2 1,001.9 966.7 928.5 891.3 851.7 810.7 773.4 737.7 701.3 658.9 626.5 595.7 574 546.8
Accumulated Other Comprehensive Income (462) (52) (154) (321) (786) (1,138) (344) (1,160) (1,125) (934) (2,171) (1,883) (1,716) (1,996) (2,348) (1,577) (833) 12 204 357.2 235.1 534.9 411.6 297.1 (269.8) 28.2 46.3 (44.9) (216.1) (462.6) (470.3) (445.3) (342.0) (160.9) (84.2) (152.0) (185.5) (216.8) 75.8 84 (45.3) 366.9 301.0 272.0 (43.9) (294.6) 78.5 80.5 346.9 280.1 393.8 251.5 221.5 202.8 0 0 119.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 15,291 15,461 15,376 15,020 14,140 13,876 15,336 14,182 13,628 13,202 11,226 10,902 9,014 8,441 7,649 8,853 9,528 10,140 9,979 10,416.8 9,682.9 9,726.2 9,591.3 9,286.3 8,580.9 9,132.9 8,983.3 8,884.2 8,426.6 7,860.8 8,329.0 8,241.3 8,344.2 8,369.2 7,969.3 8,584.8 8,347.9 8,075.4 8,041.1 7,985.5 7,840.3 6,035.6 6,037.0 6,101.7 5,545.4 5,039.9 5,612.3 3,364.8 3,364.6 3,164.9 3,055.4 2,489.3 2,368.6 2,298.1 1,720.3 1,708.0 1,680.3 1,583.4 1,470.8 1,400.6 1,373.1 1,327.5 1,377.8 1,410.8 1,455.3 1,479.2 1,458.6 1,399.4 1,356.3 1,307.5 1,246.9 1,165.2 1,072.7 1,086 1,014.6 972.8 966.4
Total Liabilities & Equity 62,342 62,515 62,240 60,519 58,132 56,341 55,864 52,560 50,936 49,399 46,319 44,668 41,839 39,966 38,144 37,908 37,987 38,185 36,513 35,370.1 33,595.4 32,711.5 30,153.0 28,584.8 27,222.6 27,324.1 27,023.7 26,387.8 25,630.5 24,751.0 24,410.9 23,885.9 23,513.2 23,591.8 23,936.3 22,521.9 22,193.0 21,321.5 21,663.1 21,282.2 20,855.9 18,206.9 18,160.1 18,001.3 17,326.9 16,725.0 17,860.9 13,908.9 13,721.2 12,689.5 11,420.2 10,370.3 9,864.6 9,015.8 7,660.7 7,316.7 7,084.1 7,013.1 6,508.7 6,315.2 6,320.3 5,704.3 5,783.1 5,941.6 5,993.4 5,996.7 5,811.9 5,732.4 5,685.7 5,538 5,369 5,248.9 5,088.2 5,047.8 4,925.1 4,763.6 4,756.8
Debt Metrics
Total Debt 3,589 3,589 3,588 3,588 5,937 5,937 5,737 3,386 3,386 5,735 3,085 3,085 3,085 5,431 3,084 3,089 3,089 5,435 1,911 1,910.8 1,910.6 3,287.1 710.8 620.8 682.2 1,030.9 1,030.8 1,099.9 1,104.2 1,030.6 1,030.5 1,030.4 633.4 1,030.2 633.3 633.3 633.2 633.2 633.1 633.1 638.4 621.1 818.0 1,018.0 1,017.9 1,017.8 1,395.4 1,065.6 1,065.6 735.6 519.0 729.0 1,008.9 573.9 582.7 582.7 580.7 683.6 585.6 554.5 554.5 59 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt 2,174 2,271 2,049 1,686 4,370 4,388 4,138 1,816 1,842 4,298 1,320 1,018 1,475 4,033 1,405 973 1,311 3,994 843 804.4 777.9 2,485.5 (228.1) (301.7) (135.4) 222.9 313.6 438.6 520.2 374.5 390.7 410.9 (67.1) 395.2 47.9 164.1 165.0 151.3 197.3 203.8 309.4 429.7 603.9 770.4 1,017.9 550.6 1,189.3 961.0 964.4 550.8 384.1 575.3 800.1 453.7 503.0 564.6 510.6 606.8 519.3 487.7 487.5 (3.2) 0 0 0 (39.3) 0 0 0 0 0 0 0 0 0 0 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 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1
Operating Activities
Net Income 653 446 255 680 210 (593) 509 724 733 804 678 670 365 496 (319) 122 298 430.7 (73.8) 680.0 341.9 63.6 243.1 190.9 16.6 217.6 104.4 332.9 354.6 (382.3) 194.1 69.9 210.3 571.0 (639.4) 245.7 291.6 373.6 295.4 155.7 171.7 (417.7) 194.2 167.1 264.0 126.1 121.8 100.3 109.6 94.4 55.6 61.3 53.4 61.1 35.4 (43.8) 57.3 51.4 47.7 38.7 48.6 39.6 39.2 38.1 41.2 39.7 42.2 43.5 39.8 37.8 38.4 44.3 34.5 32.3 23.2 28.7 27.8
Depreciation & Amortization (29) 0 (44) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.3 3.7 7.7 7.1 6.5 7.8 2.5 0.5 (0.1) (1.7) (1.7) (2.1) (1.9) 6.3 (2.2) (4.0) 7.6 (2.4) (5.1) 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock-Based Compensation 18 0 17 20 6 14 16 17 16 12 12 13 12 10 11.1 12.0 11.9 10.2 10.8 11.4 11.0 9.9 10.2 9.8 9.4 8.6 8.2 8.1 9.1 6.6 8.2 9.2 8.3 7.3 7.3 8.2 7.5 6.0 6.1 6.2 8.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 115 (848) 1,093 352 729 1,425 1,188 584 346 (65) 651 424 645 526 1,249 296 292 596.8 1,146.3 84.8 554.9 709.1 915.8 541.3 249.6 188.1 476.4 49.1 167.7 249.3 229.5 (161.8) (72.4) (451.3) 1,057.4 (4.4) 118.3 56.6 (49.6) 141.7 93.2 944.4 368.4 44.8 283.3 320.8 1,120.8 47.4 704.6 257.3 811.3 382.0 12.7 183.9 149.9 302.6 (37.8) (145.8) 85.1 (49.2) (4.6) 58.0 22.7 (41.1) 173.3 (119.6) 9.4 45.6 82 64.4 132.1 127.7 126.3 143.2 198.4 281 (56.2)
Other Non-Cash Items (108) 72 138 27 (17) (66) 25 12 7 266 37 (13) 42 (17) 177 286 244 5.1 80.0 (52.6) (3.5) (99.6) (83.0) (143.4) 230.3 (49.2) 44.3 3.7 (71.5) 192.8 (20.9) 19.7 49.4 (8.5) (15.5) 3.1 (35.6) (13.9) 25.3 4.5 102.5 (127.7) (276.4) 118.3 (143.7) (56.2) (752.2) 359.1 (462.1) (8.7) (582.7) (277.8) 139.8 (162.8) (1.0) (189.6) 99.8 143.8 (109.3) 22.1 (22.4) (22.1) (30.7) 1.1 (98.7) 76.1 5.9 (29.2) (49.6) (12.6) (109.5) (46.7) (70.8) (37) (101.8) (241.7) 129.2
Operating Cash Flow 649 (330) 1,459 1,079 928 780 1,738 1,337 1,102 1,017 1,378 1,094 1,064 1,015 1,118 716 846 1,042.8 1,163.0 723.6 904.4 683.0 1,086.0 598.6 506.0 365.1 633.4 393.7 459.8 66.4 411.0 (63.0) 195.6 118.5 409.9 252.6 381.8 422.3 277.2 308.1 375.5 377.2 293.3 325.2 392.9 399.6 480.7 492.3 353.2 327.7 281.1 179.9 169.6 105.5 190.6 71.7 80.3 41.1 25.2 4.9 18.8 74.4 24.3 (4) 108.7 (4.6) 65 52.7 70.2 94.5 74.5 121.3 86.1 128.8 120.4 67.1 97.7
Investing Activities
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 (2,458) (2,662) (2,121) (3,652) (2,844) (6,467) (2,562) (2,283) (4,719) (3,058) (2,414) (1,625) (994) (3,080) (2,220) (2,206) (3,787.3) (2,473.0) (2,358.3) (1,951.7) (3,403.3) (2,175.3) (1,501.6) (1,463.7) (1,592.1) (1,327.4) (1,444.9) (2,750.5) (2,652.2) (1,680.6) (1,427.5) (1,463.0) (1,520.7) (1,003.7) (1,475.2) (1,666.1) (1,172.8) (1,123.5) (952.6) (1,176.4) (607.2) (1,502.4) (542.4) (1,121.6) (1,596.5) (871.0) (872.9) (1,056.9) (1,039.6) (3,652.1) 1,721.3 (975.0) (1,005.8) (589.0) (314.8) (452.3) (239.0) (477.6) (342.3) (708.3) (77.8) (395.3) (319.3) (237.7) (71.4) (120.5) (336.9) (226) (18.1) (243.4) (763) (458.3) (472.9) (998) (320.6) (236.1)
Sales/Maturities of Investments 6 2,739 598 1,746 3,131 3,076 4,242 1,728 1,188 4,029 949 700 712 1,470 1,215 2,036 1,713 2,157.6 1,163.8 1,841.7 1,636.5 1,409.2 1,039.3 1,194.2 1,270.9 1,461.0 928.3 1,151.8 2,328.3 2,789.9 1,260.4 1,869.6 1,246.3 1,493.2 1,201.4 1,405.5 1,113.5 922.7 1,137.8 942.1 1,280.2 1,050.0 1,144.0 403.9 827.6 683.3 3,318.3 211.0 415.4 662.8 2,202.1 728.3 496.2 572.8 967.1 351.0 271.9 877.0 85.6 378.4 169.8 133.8 404.7 279.7 173.7 158.7 80.2 279.3 116 (132.1) 166.2 665.7 375.6 347.9 877.2 253.7 154.1
Other Investing Activities (94) 314 319 (70) (48) (1,165) 696 (333) 246 (866) 515 (286) 161 (1,698) 426 (152) 72 (137.5) 339.8 (160.5) (140.3) 40.1 35.8 (63.5) (65.4) (69.6) (122.4) 35.5 (10.5) (140.2) 140.9 (384.5) 161.3 59.4 (432.8) (125.4) 218.3 (76.8) (48.6) (78.0) (312.0) (788.1) 39.8 31.2 (101.2) 101.2 (2,913.0) 186.0 (57.1) 0 1,090.4 (2,630.6) 325.9 18.9 (542.3) (52.1) 47.7 (776.8) 343.4 (36.4) 48.3 (86.4) (14.9) 14 (1.7) (6.7) (7.3) 13.8 (0.3) 0.5 34.3 (31.7) (1.5) (2.9) (1.4) (4.5) 1.6
Investing Cash Flow (88) 595 (1,745) (445) (569) (933) (1,529) (1,167) (849) (1,556) (1,594) (2,000) (752) (1,222) (1,439) (336) (421) (1,767.2) (969.4) (677.1) (455.5) (1,954.1) (1,100.3) (370.8) (258.2) (200.7) (521.4) (257.6) (432.8) (2.4) (279.3) 57.6 (55.4) 31.9 (235.0) (195.2) (334.3) (326.9) (34.4) (88.4) (208.2) (345.2) (318.7) (107.3) (395.1) (812.0) (465.7) (476.0) (698.5) (376.8) (359.6) (181.0) (152.8) (414.2) (164.2) (15.8) (132.7) (138.9) (48.6) (0.3) (490.2) (30.4) (5.5) (25.6) (65.7) 80.6 (47.6) (43.8) (110.3) (149.7) (42.9) (129) (84.2) (127.9) (122.2) (71.4) (80.4)
Financing Activities
Net Debt Issuance 0 0 0 0 0 200 0 0 0 300 0 0 0 0 0 0 0 1,177.4 0 0 0 1,199.4 0 0 50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (250) 0 320.0 0 0 0 0 (55) 20 0 0 (29) 0 2 176 0 (47) 495.5 24 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (353) (399) (1) (200) (200) (1) (100) (65) (35) 0 0 0 0 (2) (59) 0 (1) (25.1) (159.7) (16.8) (23.5) 0 (0.0) 0.0 (200.0) 0 0 (8.5) (16.2) 0 (50) (25.3) 0 (44.4) 0 0.8 (6.6) (7.1) (192.9) (100.4) (85.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (16.5) (40.7) (12) (11) (32.7) (9.3) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (80) (82) (84) (84) (85) (85) (86) (87) (76) (76) (76) (71) (65) (64) (65) (65) (61) (61.0) (61.7) (62.0) (62.2) (62.0) (61.9) (61.9) (63.3) (63.2) (57.0) (57.0) (57.1) (56.9) (52.9) (53.2) (53.2) (53.4) (51.3) (51.3) (51.3) (51.1) (47.5) (48.1) (48.7) (6.2) (6.2) (6.2) (5.6) (5.6) (5.0) (5.0) (5.0) (4.6) (4.1) (4.1) (4.1) (4.1) (3.2) (3.2) (3.2) (2.8) (2.8) (2.7) (2.7) (2.8) (2.9) (2.9) (3) (2.5) (2.6) (2.5) (2.5) (2) (2.1) (2) (2) (1.5) (1.6) (1.5) (1.5)
Other Financing Activities (21) (2) 0 0 (38) (2) (4) 0 (42) (3) (5) (2) (38) (1) (9) 0 (32) (4.0) (1.9) (2.0) (23.1) (0.5) 88.1 (59.9) (27.8) 3.5 (1.1) 0.5 (19.7) (2.0) 1.3 (0.7) (23.6) (5.5) (0.1) (0.9) (11.5) 0 (0.9) (0.8) (8.3) 0 0 0 0 0 0 0 0 0 210 0 0 0 0 0 0 (78) 31 47 0 0 0 34.9 0.1 (92.3) 13.6 3.7 28 47.2 0 (0.7) 0 0.1 0.1 (5.5) 0
Financing Cash Flow (454) (483) (85) (284) (323) 112 (190) (152) (153) 221 (81) 1,372 (103) (67) (133) (65) (94) 1,087.3 (223.4) (80.8) (108.9) 1,136.9 26.2 (121.8) (241.1) (59.6) (58.1) (65.0) (93.0) (58.9) (101.6) (79.2) (76.9) (103.2) (51.4) (51.4) (69.4) (52.7) (237.7) (146.0) (134.5) 0.8 (2.9) (245.8) 2.4 326.4 2.8 (2.0) 314.2 (3.7) 151.5 (6.9) (2.7) 342.5 (31.2) (1.5) 3.1 101.7 29.0 (2.5) 476.3 (19.5) (14.9) 21 (35.3) (104.1) 3.3 1.2 25.5 45.2 (1.6) (2.7) (2) (1.4) (1.5) (7) (1.5)
Cash Position
Net Change in Cash 97 (221) (363) 335 18 (50) 29 26 107 (328) (302) 457 212 (281) (437.0) 337.8 337.4 372.4 (37.9) (26.3) 331.0 (137.2) 16.4 104.9 9.6 90.9 55.8 77.4 (72.1) 16.3 20.3 (81.1) 65.5 49.7 116.2 1.0 (13.7) 46.1 6.5 100.3 45.3 22.6 (38.6) (33.4) 3.4 (83.7) 43.2 6.7 (18.8) (55.1) 88.6 (4.7) 23.2 29.9 (7.8) 61.6 (51.9) 10.5 (0.5) (0.2) 4.8 23.4 4.7 (10.5) 5.3 (34.2) 25.2 9.6 (12.9) (10.7) 24.3 (7.3) (7.3) 2.6 (1.5) (7) 14.6
Cash at Beginning 1,318 1,539 1,902 1,567 1,549 1,599 1,570 1,544 1,437 1,765 2,067 1,610 1,398 1,679 2,116.0 1,778.2 1,440.9 1,068.4 1,106.3 1,132.7 801.7 938.9 922.5 817.6 808.0 717.2 661.4 584.0 656.1 639.8 619.5 700.6 635.1 585.4 469.2 468.2 481.9 435.8 429.3 328.9 283.7 112.9 151.5 184.9 101.2 184.9 141.6 134.9 153.7 208.8 120.2 124.9 101.8 71.9 79.7 18.1 70.0 66.3 66.8 67.0 62.2 38.8 34.1 44.6 39.3 73.5 48.3 38.7 51.6 62.3 38 45.3 52.6 0 0 0 50.9
Cash at End 1,415 1,318 1,539 1,902 1,567 1,549 1,599 1,570 1,544 1,437 1,765 2,067 1,610 1,398 1,679 2,116.0 1,778.2 1,440.9 1,068.4 1,106.3 1,132.7 801.7 938.9 922.5 817.6 808.0 717.2 661.4 584.0 656.1 639.8 619.5 700.6 635.1 585.4 469.2 468.2 481.9 435.8 429.3 328.9 135.6 112.9 151.5 104.6 101.2 184.9 141.6 134.9 153.7 208.8 120.2 124.9 101.8 71.9 79.7 18.1 76.8 66.3 66.8 67.0 62.2 38.8 34.1 44.6 39.3 73.5 48.3 38.7 51.6 62.3 38 45.3 2.6 (1.5) (7) 65.5
Free Cash Flow 649 (330) 1,459 1,079 928 780 1,738 1,337 1,102 1,017 1,378 1,094 1,064 1,015 1,118 716 846 1,042.8 1,163.0 723.6 904.4 683.0 1,086.0 598.6 506.0 365.1 633.4 393.7 459.8 66.4 411.0 (63.0) 195.6 118.5 409.9 252.6 381.8 422.3 277.2 308.1 375.5 377.2 293.3 325.2 392.9 399.6 480.7 492.3 353.2 327.7 281.1 179.9 169.6 105.5 190.6 71.7 80.3 41.1 25.2 4.9 18.8 74.4 24.3 (4) 108.7 (4.6) 65 52.7 70.2 94.5 74.5 121.3 86.1 128.8 120.4 67.1 97.7
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 4,068 4,422 4,254 4,404 4,238 4,614 4,251 4,129 4,080 3,626 3,932 3,599 3,286 3,255 3,073 2,837 2,896 3,045.9 2,925 3,076.7 2,743.8 2,761.4 2,610.2 2,244.5 1,982.2 2,314.4 2,042.5 2,008.7 1,965.8 1,794.7 1,936.5 1,892.9 1,745.2 1,867.2 1,725.5 1,530.6 1,484.8 1,614.0 1,510.5 1,427.9 1,242.0 1,562.0 1,332.1 1,390.4 1,435.6 1,518.4 1,535.9 1,452.5 1,283.8 1,517.1 1,401.5 1,354.5 1,367.7 1,272.7 1,219.0 1,182.1 1,249.1 1,285.9 1,024.8 1,176.8 1,206.4 1,258.4 1,178.1 1,099.4 1,169.9 1,181.5 1,156.5 1,171.3 989.3 722.8 809.7 1,078.4 916.8 1,109.0 1,202.0 1,268.7 1,202.3 1,173.0 1,113.9 1,052.7 1,177.7 1,068.6 1,103.7 1,251.0 1,136.6 1,362.2 1,263.6 1,264.1 1,118.8 1,213.0 952.8 806.3 554.4 480.7 485.0 409.7 1,894.2 370.6 351.6 339.8
Gross Profit 1,851 1,453.7 527 1,052 521 (461) 841 1,028 1,061 519 934 953 659 793 (191) 331 501 628.8 87 932.8 543.3 271.5 428.6 371.2 102.9 456.4 227.5 493.1 527.8 (602.9) 303.2 168.2 330.3 798.1 (817.7) 369.4 431.7 510.4 414.7 274.6 266.3 541.4 165.3 321.7 437.3 489.4 407.6 433.1 418.4 537.3 382.8 400.9 542.0 113.0 394.2 308.4 409.2 266.0 76.1 441.0 (43.3) 538.3 503.3 455.5 263.1 531.3 569.3 604.5 419.4 247.6 (4.0) 473.6 331.2 290.3 578.5 612.1 600.5 486.6 533.1 475.4 449.7 (10.3) (248.6) 529.0 438.0 391.3 275.3 560.2 383.6 421.7 343.8 252.9 184.5 158.8 176.9 153.5 1,645.5 137.8 105.0 131.8
Operating Income 736 622 268 815 249 (745) 578 833 832 271 726 751 408 568 (401) 122 302 500.1 (88) 760.2 373.1 119.4 272.5 237.1 (43.6) 219.1 93.0 372.3 414.5 (702.3) 189.5 60.8 217.6 695.3 (904.1) 275.5 338.4 415.6 320.9 186.3 177.1 455.5 82.4 244.9 364.1 407.0 322.1 361.8 355.3 452.1 310.6 322.5 469.8 38.1 319.2 239.4 342.8 (42.5) 9.4 140.8 (341.7) 236.2 204.4 160.3 (9.8) 219.7 273.7 312.9 133.1 (55.1) (282.2) 169.4 84.2 5.7 311.5 353.4 357.4 245.8 299.7 251.6 194.8 (238.8) (470.7) 235.0 193.6 79.5 7.8 326.0 146.4 143.3 125.1 57.8 53.6 40.0 458.9 59.1 61.6 60.0 47.1 63.0
Net Income 653 446 255 680 210 (593) 509 724 733 804 678 670 365 496 (319) 122 298 430.7 (73) 680.0 341.9 63.6 243.1 190.9 16.6 217.6 104.4 332.9 354.6 (382.3) 198.4 69.9 210.3 571.0 (639.4) 245.7 291.6 373.6 295.4 155.7 171.7 357.3 88.6 209.1 323.0 340.1 274.9 290.2 293.9 364.6 234.8 275.6 384.3 58.8 250.9 214.6 304.7 41.0 63.1 131.3 (315.9) 302.5 174.2 156.7 (22.7) 197.2 228.6 272.6 108.6 (16.6) (233.1) 153.0 77.9 12.2 246.6 282.9 297.6 206.4 245.7 220.4 168.4 (162.2) (417.7) 194.2 167.1 93.3 11.5 264.0 126.1 121.8 109.6 55.6 53.4 35.4 57.3 50.1 51.4 47.7 38.7 48.6
EPS (Diluted) 16.21 10.77 6.09 16.10 4.90 -13.80 11.80 16.70 16.87 18.53 15.64 16.27 9.30 12.72 -8.22 3.11 7.67 10.99 -1.87 16.95 8.52 1.61 6.07 4.77 0.41 5.32 2.56 8.39 8.54 -9.50 5.02 1.70 5.11 13.85 -15.73 5.95 7.07 9.08 7.06 3.67 4.00 8.26 2.00 4.68 7.19 7.47 6.00 6.26 6.21 7.54 4.81 5.56 7.50 1.13 4.82 4.08 5.68 0.77 1.16 2.41 -5.81 5.51 3.11 2.70 -0.38 3.29 3.75 4.43 1.76 -0.27 -3.78 2.46 1.24 0.19 3.90 4.45 4.59 3.15 3.76 3.38 2.57 -2.62 -7.41 3.40 2.93 1.64 0.20 4.64 2.22 2.14 1.99 1.08 1.02 0.75 1.22 1.07 1.10 1.03 0.84 1.06
Balance Sheet
Cash & Equivalents 1,415 1,318 1,539 1,902 1,567 1,549 1,599 1,570 1,544 1,437 1,765 2,067 1,610 1,398 1,679 2,116 1,778 1,441 1,068 1,106.3 1,132.7 801.7 938.9 922.5 817.6 808.0 717.2 661.4 584.0 656.1 639.8 619.5 700.6 635.1 585.4 469.2 468.2 481.9 435.8 429.3 328.9 191.5 214.2 247.6 472 467.2 206.1 104.6 101.2 184.9 134.9 153.7 208.8 120.2 79.7 18.1 70.0 76.8 66.3 66.8 67.0 62.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 62,342 62,514 62,240 60,519 58,132 56,341 55,864 52,560 50,937 49,399 46,319 44,668 41,839 39,966 38,144 37,908 37,987 38,185 36,513 35,370.1 33,595.4 32,711.5 30,153.0 28,584.8 27,222.6 27,324.1 27,023.7 26,387.8 25,630.5 24,794.0 24,410.9 23,885.9 23,513.2 23,591.8 23,936.3 22,521.9 22,193.0 21,321.5 21,663.1 21,282.2 20,855.9 18,206.9 18,160.1 18,001.3 17,326.9 16,725.0 17,860.9 13,908.9 13,721.2 12,683.0 11,420.2 10,370.3 9,864.6 9,015.8 7,660.7 7,316.7 7,084.1 7,013.1 6,508.7 6,315.2 6,320.3 5,704.3 5,783.1 5,941.6 5,993.4 5,996.7 5,811.9 5,732.4 5,685.7 5,538 5,369 5,248.9 5,088.2 5,039.4 4,925.1 4,763.6 4,756.8
Total Debt 3,589 3,589 3,588 3,588 5,937 5,937 5,737 3,386 3,386 5,735 3,085 3,085 3,085 5,431 3,084 3,089 3,089 5,435 1,911 1,910.8 1,910.6 3,287.1 710.8 620.8 682.2 1,030.9 1,030.8 1,099.9 1,104.2 1,030.6 1,030.5 1,030.4 633.4 1,030.2 633.3 633.3 633.2 633.2 633.1 633.1 638.4 621.1 818.0 1,018.0 1,017.9 1,017.8 1,395.4 1,065.6 1,065.6 735.6 519.0 729.0 1,008.9 573.9 582.7 582.7 580.7 683.6 585.6 554.5 554.5 59 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 15,291 15,461 15,376 15,020 14,140 13,876 15,336 14,182 13,628 13,202 11,226 10,902 9,014 8,441 7,649 8,853 9,528 10,140 9,979 10,416.8 9,682.9 9,726.2 9,591.3 9,286.3 8,580.9 9,132.9 8,983.3 8,884.2 8,426.6 7,860.8 8,329.0 8,241.3 8,344.2 8,369.2 7,969.3 8,584.8 8,347.9 8,075.4 8,041.1 7,985.5 7,840.3 6,035.6 6,037.0 6,101.7 5,545.4 5,039.9 5,612.3 3,364.8 3,364.6 3,164.9 3,055.4 2,489.3 2,368.6 2,298.1 1,720.3 1,708.0 1,680.3 1,583.4 1,470.8 1,400.6 1,373.1 1,327.5 1,377.8 1,410.8 1,455.3 1,479.2 1,458.6 1,399.4 1,356.3 1,307.5 1,246.9 1,165.2 1,072.7 1,086 1,014.6 972.8 966.4
Cash Flow
Operating Cash Flow 649 (330) 1,459 1,079 928 780 1,738 1,337 1,102 1,017 1,378 1,094 1,064 1,015 1,118 716 846 1,042.8 1,163.0 723.6 904.4 683.0 1,086.0 598.6 506.0 365.1 633.4 393.7 459.8 66.4 411.0 (63.0) 195.6 118.5 409.9 252.6 381.8 422.3 277.2 308.1 375.5 377.2 293.3 325.2 392.9 399.6 480.7 492.3 353.2 327.7 281.1 179.9 169.6 105.5 190.6 71.7 80.3 41.1 25.2 4.9 18.8 74.4 24.3 (4) 108.7 (4.6) 65 52.7 70.2 94.5 74.5 121.3 86.1 128.8 120.4 67.1 97.7
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 649 (330) 1,459 1,079 928 780 1,738 1,337 1,102 1,017 1,378 1,094 1,064 1,015 1,118 716 846 1,042.8 1,163.0 723.6 904.4 683.0 1,086.0 598.6 506.0 365.1 633.4 393.7 459.8 66.4 411.0 (63.0) 195.6 118.5 409.9 252.6 381.8 422.3 277.2 308.1 375.5 377.2 293.3 325.2 392.9 399.6 480.7 492.3 353.2 327.7 281.1 179.9 169.6 105.5 190.6 71.7 80.3 41.1 25.2 4.9 18.8 74.4 24.3 (4) 108.7 (4.6) 65 52.7 70.2 94.5 74.5 121.3 86.1 128.8 120.4 67.1 97.7