EL - The Estée Lauder Companies Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$99.77
DETAILS
HIGH:
$140.00
LOW:
$75.00
MEDIAN:
$95.00
CONSENSUS:
$99.77
UPSIDE:
21.97%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||
| Revenue | 14,288 | 15,608 | 15,910 | 17,737 | 16,215 | 14,294 | 14,863 | 13,683 | 11,824 | 11,262.3 | 10,780.4 | 10,968.8 | 10,181.7 | 9,713.6 | 8,810 | 7,795.8 | 7,323.8 | 7,910.8 | 7,037.5 | 6,463.8 | 6,336.3 | 5,790.4 | 5,117.6 | 4,743.7 | 4,608.1 | 4,366.8 | 3,961.3 | 3,618 | 3,381.6 | 3,194.5 | 2,899.1 |
| Cost of Revenue | 3,730 | 4,424 | 4,564 | 4,305 | 3,834 | 3,552 | 3,387 | 2,844 | 2,437 | 2,181.1 | 2,100.6 | 2,158.2 | 2,025.9 | 1,995.8 | 1,936.9 | 1,829.4 | 1,881.6 | 1,996.8 | 1,774.8 | 1,686.6 | 1,617.4 | 1,476.3 | 1,335.7 | 1,273.4 | 972.3 | 825.3 | 782.6 | 722 | 689.1 | 672.2 | 632.8 |
| Gross Profit | 10,558 | 11,184 | 11,346 | 13,432 | 12,381 | 10,742 | 11,476 | 10,839 | 9,387 | 9,081.2 | 8,679.8 | 8,810.6 | 8,155.8 | 7,717.8 | 6,873.1 | 5,966.4 | 5,442.2 | 5,914 | 5,262.7 | 4,777.2 | 4,718.9 | 4,314.1 | 3,781.9 | 3,470.3 | 3,635.8 | 3,541.5 | 3,178.7 | 2,896 | 2,692.5 | 2,522.3 | 2,266.3 |
| Operating Expenses | |||||||||||||||||||||||||||||||
| R&D Expenses | 316 | 0 | 0 | 0 | 243 | 0 | 0 | 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 | 9,284 | 9,621 | 9,575 | 9,888 | 9,371 | 8,637 | 8,857 | 8,556 | 7,469 | 7,337.8 | 7,073.5 | 6,985.9 | 6,597 | 6,324.8 | 5,696.7 | 5,067 | 4,883.9 | 5,102.9 | 4,511.7 | 4,065.5 | 3,998.3 | 3,651.3 | 3,244.5 | 3,018.5 | 3,086.3 | 2,878.9 | 2,604.7 | 2,389.4 | 2,257.4 | 2,153.2 | 1,993.4 |
| Other Expenses | 0 | 593 | 262 | 374 | 149 | 1,499 | 306 | 231 | 226 | 133 | 0 | (2.9) | 32.8 | 81.3 | 87 | 109.5 | 139.9 | 14.4 | 1.1 | 92.1 | 0 | 18.8 | 42.3 | 126.1 | 53.9 | 0 | 117.3 | 97.5 | 76 | 58.8 | 42 |
| Operating Expenses | 9,600 | 10,214 | 9,837 | 10,262 | 9,763 | 10,136 | 9,163 | 8,784 | 7,686 | 7,471 | 7,074 | 6,983 | 6,629.8 | 6,406.1 | 5,783.7 | 5,176.5 | 5,023.8 | 5,103.3 | 4,512.8 | 4,157.6 | 3,950.4 | 3,628.3 | 3,267.9 | 3,108.9 | 2,945.7 | 2,686.5 | 2,722 | 2,486.9 | 2,333.4 | 2,212 | 2,035.4 |
| Operating Income | |||||||||||||||||||||||||||||||
| Operating Income | 958 | 970 | 1,509 | 3,170 | 2,618 | 606 | 2,313 | 2,055 | 1,704 | 1,610 | 1,606 | 1,827.6 | 1,526 | 1,311.7 | 1,089.4 | 789.9 | 418.4 | 810.7 | 749.9 | 619.6 | 726.8 | 648.9 | 503.7 | 342.1 | 495.6 | 515.8 | 456.9 | 409.1 | 359.1 | 310.3 | 230.9 |
| Interest Expense | 404 | 378 | 255 | 167 | 173 | 161 | 133 | 128 | 103 | 70.7 | 60 | 50.8 | 54.8 | 61.1 | 63.9 | 101.6 | 75.7 | 66.8 | 38.9 | 23.8 | 13.9 | 27.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 114 | 167 | 131 | 30 | 51 | 48 | 58 | 56 | 28 | 15.6 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||
| EBITDA | 193 | 1,975 | 2,396 | 3,930 | 4,155 | 1,818 | 2,997 | 2,639 | 2,184 | 2,041 | 2,030 | 2,220.8 | 1,875.2 | 1,618 | 1,383.8 | 1,053.6 | 812.3 | 1,061.4 | 957.1 | 818 | 923.5 | 840.6 | 678.5 | 613.7 | 696.1 | 662.6 | 574.2 | 506.6 | 435.1 | 369.1 | 272.9 |
| EBIT | (636) | 1,150 | 1,652 | 3,203 | 3,504 | 1,207 | 2,440 | 2,108 | 1,720 | 1,626 | 1,621 | 1,836.2 | 1,538.3 | 1,322.2 | 1,089.4 | 789.9 | 558.3 | 810.7 | 749.9 | 619.6 | 726.8 | 648.9 | 503.7 | 451.7 | 533.2 | 515.8 | 456.9 | 409.1 | 359.1 | 310.3 | 230.9 |
| Income Before Tax | (1,040) | 772 | 1,397 | 3,036 | 3,331 | 1,046 | 2,307 | 1,980 | 1,617 | 1,555.2 | 1,560.6 | 1,776.8 | 1,475.2 | 1,261.1 | 1,025.5 | 688.3 | 334.3 | 743.9 | 711 | 595.8 | 706.7 | 616.9 | 487 | 326.9 | 481.4 | 498.7 | 440.2 | 397.9 | 350 | 298.7 | 229.2 |
| Income Tax Expense | 93 | 363 | 387 | 628 | 456 | 350 | 513 | 863 | 361 | 434.4 | 467.2 | 567.7 | 451.4 | 400.6 | 321.7 | 205.9 | 115.9 | 259.9 | 255.2 | 259.7 | 291.3 | 232.6 | 160.5 | 114.4 | 174 | 184.6 | 167.3 | 161.1 | 152.4 | 138.3 | 108 |
| Net Income | (1,133) | 390 | 1,006 | 2,390 | 2,870 | 684 | 1,785 | 1,108 | 1,249 | 1,114.6 | 1,088.9 | 1,204.1 | 1,019.8 | 856.9 | 700.8 | 478.3 | 218.4 | 473.8 | 449.2 | 244.2 | 406.1 | 342.1 | 319.8 | 191.9 | 305.2 | 314.1 | 272.9 | 236.8 | 197.6 | 160.4 | 121.2 |
| Per Share Data | |||||||||||||||||||||||||||||||
| EPS (Basic) | -3.15 | 1.09 | 2.81 | 6.64 | 7.91 | 1.90 | 4.91 | 3.01 | 3.40 | 3.01 | 2.87 | 3.12 | 2.63 | 2.20 | 1.78 | 1.21 | 0.56 | 1.22 | 1.10 | 0.57 | 0.90 | 0.75 | 0.64 | 0.36 | 0.59 | 0.61 | 0.53 | 0.45 | 0.37 | 0.30 | 0.23 |
| EPS (Diluted) | -3.15 | 1.08 | 2.79 | 6.55 | 7.79 | 1.86 | 4.82 | 2.95 | 3.35 | 2.96 | 2.82 | 3.06 | 2.58 | 2.16 | 1.74 | 1.19 | 0.55 | 1.20 | 1.08 | 0.56 | 0.89 | 0.74 | 0.63 | 0.35 | 0.58 | 0.60 | 0.52 | 0.45 | 0.37 | 0.30 | 0.23 |
| Shares Outstanding | 360.1 | 359 | 357.9 | 360 | 362.9 | 360.6 | 363.5 | 368 | 367.1 | 370 | 379.3 | 386.2 | 387.6 | 388.7 | 394 | 395.4 | 392.4 | 387.8 | 408.6 | 430 | 450.6 | 456.4 | 465.2 | 476.4 | 476.8 | 475.4 | 475.2 | 473.6 | 470.8 | 348.8 | 426.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 2,921 | 3,395 | 4,029 | 3,957 | 4,958 | 5,022 | 2,987 | 2,181 | 1,136 | 914.1 | 1,021.4 | 1,629.1 | 1,495.7 | 1,347.7 | 1,253 | 1,120.7 | 864.5 | 401.7 | 253.7 | 368.6 | 553.3 | 611.6 | 364.1 | 546.9 | 346.7 | 320.3 | 347.5 | 277.5 | 255.6 | 254.8 | 267.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 534 | 605 | 469 | 503.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 1,530 | 1,727 | 1,452 | 1,629 | 1,702 | 1,194 | 1,831 | 1,487 | 1,395 | 1,258.3 | 1,174.5 | 1,379.3 | 1,171.7 | 1,060.3 | 945.6 | 746.2 | 853.3 | 1,038.8 | 860.5 | 771.2 | 776.6 | 664.9 | 634.2 | 624.8 | 580.6 | 550.2 | 533.7 | 497.8 | 471.7 | 476.2 | 447.5 |
| Inventory | 2,074 | 2,175 | 2,979 | 2,920 | 2,505 | 2,062 | 2,006 | 1,618 | 1,479 | 1,263.4 | 1,215.8 | 1,294 | 1,113.9 | 983.6 | 995.6 | 826.6 | 795 | 987.2 | 855.8 | 766.3 | 768.3 | 653.5 | 599 | 544.5 | 630.3 | 546.3 | 513 | 513.2 | 440.6 | 452.8 | 392.5 |
| Other Current Assets | 544 | 625 | 679 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 181.3 | 201.7 | 176 | 166.1 | 143.2 | 148.8 | 174.9 |
| Total Current Assets | 7,069 | 7,922 | 9,139 | 9,298 | 9,768 | 8,892 | 7,212 | 6,168 | 4,964 | 4,225.1 | 4,468.5 | 4,825.2 | 4,297.2 | 3,855.1 | 3,686.5 | 3,121 | 2,912.5 | 2,787.2 | 2,239.4 | 2,176.9 | 2,302.6 | 2,199.2 | 1,844.9 | 1,927.6 | 1,738.9 | 1,618.5 | 1,570.2 | 1,454.6 | 1,311.1 | 1,332.6 | 1,282.8 |
| Non-Current Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 5,124 | 4,969 | 4,976 | 4,599 | 4,470 | 4,337 | 2,068 | 1,823 | 1,671 | 1,583.3 | 1,490.2 | 1,502.6 | 1,350.7 | 1,231.8 | 1,143.1 | 1,023.6 | 1,026.7 | 1,043.1 | 880.8 | 758 | 694.2 | 647 | 607.7 | 580.7 | 528.7 | 480.3 | 383.6 | 335.8 | 265 | 229.3 | 199 |
| Goodwill | 2,135 | 2,143 | 2,486 | 2,521 | 2,616 | 1,401 | 1,868 | 1,926 | 1,916 | 1,227.8 | 1,144.8 | 893.2 | 881.5 | 882.6 | 877.3 | 752.5 | 759.9 | 900.8 | 651.3 | 635.8 | 720.6 | 0 | 0 | 0 | 699.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3,759 | 5,183 | 5,602 | 3,428 | 4,095 | 2,338 | 1,203 | 1,276 | 1,327 | 344.5 | 326.6 | 157.3 | 169.6 | 190.1 | 227.5 | 109.5 | 150.1 | 0 | 113.4 | 77 | 71.8 | 744.2 | 760.7 | 694 | 21 | 739.2 | 608.5 | 563.3 | 161.3 | 146.6 | 42 |
| Long-Term Investments | 40 | 72 | 0 | 0 | 0 | 0 | 177 | 843 | 1,026 | 1,108 | 420.3 | 13.6 | 0 | 0 | 0 | 12.2 | 12.7 | 24.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 426 | 1,388 | 1,212 | 1,064 | 1,022 | 813 | 628 | 531 | 664 | 735 | 661.4 | 476.9 | 446.2 | 433.4 | 339.5 | 316.8 | 314.7 | 256 | 240.8 | 136.4 | 96.6 | 117.7 | 97.9 | 141.5 | 160.4 | 205.3 | 184.4 | 159.1 | 135.7 | 113.1 | 197.9 |
| Total Non-Current Assets | 12,823 | 13,755 | 14,276 | 11,612 | 12,203 | 8,889 | 5,944 | 6,399 | 6,604 | 4,998 | 3,770.7 | 3,043.6 | 2,848 | 2,737.9 | 2,587.4 | 2,214.6 | 2,264.1 | 2,224 | 1,886.3 | 1,607.2 | 1,583.2 | 1,508.9 | 1,505 | 1,488.9 | 1,479.9 | 1,424.8 | 1,176.5 | 1,058.2 | 562 | 489 | 438.9 |
| Total Assets | 19,892 | 21,677 | 23,415 | 20,910 | 21,971 | 17,781 | 13,156 | 12,567 | 11,568 | 9,223.3 | 8,239.2 | 7,868.8 | 7,145.2 | 6,593 | 6,273.9 | 5,335.6 | 5,176.6 | 5,011.2 | 4,125.7 | 3,784.1 | 3,885.8 | 3,708.1 | 3,349.9 | 3,416.5 | 3,218.8 | 3,043.3 | 2,746.7 | 2,512.8 | 1,873.1 | 1,821.6 | 1,721.7 |
| Current Liabilities | |||||||||||||||||||||||||||||||
| Account Payables | 1,497 | 1,440 | 1,670 | 1,822 | 1,692 | 1,177 | 1,490 | 1,182 | 835 | 717 | 635.4 | 524.5 | 481.7 | 493.8 | 446.7 | 425.2 | 329.8 | 361.7 | 314.7 | 264.5 | 249.4 | 267.3 | 229.9 | 216.4 | 239.8 | 236.5 | 223.1 | 209.1 | 165.8 | 175.3 | 166.8 |
| Short-Term Debt | 3 | 504 | 997 | 268 | 32 | 1,222 | 516 | 183 | 189 | 332 | 29.8 | 18.4 | 18.3 | 219 | 138 | 23.4 | 33.8 | 118.7 | 60.4 | 89.7 | 263.6 | 73.8 | 7.8 | 6.6 | 5.8 | 7 | 6.6 | 11.5 | 31.1 | 105.6 | 128.5 |
| Deferred Revenue | 314 | 327 | 323 | 312 | 322 | 222 | 314 | 33 | 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 | 2,382 | 576 | 546 | 693 | 670 | 424 | 574 | 579 | 522 | 504 | 463.3 | 468.2 | 433.3 | 431.4 | 422.4 | 366.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 736.6 | 0 | 658.3 | 632.5 | 616.8 | 562.6 | 584.2 | 517.9 |
| Total Current Liabilities | 5,435 | 5,702 | 6,240 | 5,815 | 5,298 | 5,179 | 4,605 | 3,310 | 2,823 | 2,681 | 2,129.8 | 2,056.7 | 1,934.6 | 2,125.8 | 1,943.3 | 1,572.2 | 1,459.2 | 1,699.2 | 1,500.7 | 1,438.2 | 1,497.7 | 1,322 | 1,053.6 | 959.6 | 856.7 | 901.8 | 862.2 | 837.4 | 759.5 | 865.1 | 813.2 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | 7,286 | 7,267 | 7,117 | 5,144 | 5,537 | 4,914 | 2,896 | 3,361 | 3,383 | 1,910 | 1,595.1 | 1,324.7 | 1,326 | 1,069.1 | 1,080.1 | 1,205 | 1,387.6 | 1,078.2 | 1,028.1 | 431.8 | 451.1 | 461.5 | 283.6 | 403.9 | 410.9 | 418.4 | 422.5 | 425 | 0 | 21.9 | 65.5 |
| 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 | 0 | 0 |
| Other Non-Current Liabilities | 1,534 | 1,693 | 1,943 | 1,651 | 2,037 | 1,448 | 1,244 | 1,186 | 960 | 1,045.5 | 841.8 | 618 | 582.7 | 650.6 | 603.5 | 593 | 665.8 | 554 | 376.6 | 266.4 | 228.4 | 175.6 | 576.8 | 591.1 | 599.1 | 202.8 | 177.5 | 194 | 205.9 | 180.4 | 147.9 |
| Total Non-Current Liabilities | 10,592 | 10,661 | 10,758 | 8,663 | 9,725 | 8,640 | 4,140 | 4,547 | 4,343 | 2,955.5 | 2,449.3 | 1,942.7 | 1,908.7 | 1,719.7 | 1,683.6 | 1,798 | 2,053.4 | 1,632.2 | 1,404.7 | 698.2 | 679.5 | 637.1 | 860.4 | 995 | 1,010 | 621.2 | 600 | 619 | 205.9 | 202.3 | 213.4 |
| Total Liabilities | 16,027 | 16,363 | 16,998 | 14,478 | 15,023 | 13,819 | 8,745 | 7,857 | 7,166 | 5,636 | 4,584.9 | 3,999.4 | 3,843.3 | 3,845.5 | 3,626.9 | 3,370.2 | 3,512.6 | 3,331.4 | 2,905.4 | 2,136.4 | 2,177.2 | 1,959.1 | 1,914 | 1,954.6 | 1,866.7 | 1,523 | 1,462.2 | 1,456.4 | 965.4 | 1,067.4 | 1,026.6 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||
| Common Stock | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5.7 | 5.7 | 5.6 | 5.6 | 5.5 | 2.7 | 2.7 | 2.6 | 2.6 | 2.6 | 2.5 | 2.5 | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 | 0 | 0 | 0 | 0 |
| Retained Earnings | 11,672 | 13,427 | 13,991 | 13,912 | 12,244 | 10,134 | 9,984 | 9,040 | 8,452 | 7,693.3 | 7,004.1 | 6,265.8 | 5,364.1 | 4,764.9 | 4,116.5 | 3,564 | 3,195 | 3,085.1 | 2,731.5 | 2,361.9 | 2,203.2 | 1,887.2 | 1,613.6 | 1,363.7 | 1,242.7 | 1,008.6 | 766.2 | 559.6 | 386.4 | 252.2 | 242.2 |
| Accumulated Other Comprehensive Income | (1,127) | (1,140) | (934) | (762) | (470) | (665) | (563) | (434) | (484) | (544.8) | (381.5) | (100.3) | (157.5) | (212.9) | 17.7 | (196.7) | (117.1) | 110.8 | 54.7 | 64.7 | 9.4 | 10.5 | (53.1) | (92.5) | (120.5) | (57.1) | (44.3) | (364.9) | (338) | 0 | 0 |
| Total Stockholders' Equity | 3,865 | 5,314 | 5,585 | 5,590 | 6,057 | 3,935 | 4,386 | 4,688 | 4,384 | 3,572 | 3,643.2 | 3,854.9 | 3,286.9 | 2,733.2 | 2,629.4 | 1,948.4 | 1,640 | 1,653.2 | 1,199 | 1,622.3 | 1,692.8 | 1,733.5 | 1,423.6 | 1,461.9 | 1,352.1 | 1,520.3 | 1,284.5 | 1,056.4 | 907.7 | 754.2 | 695.1 |
| Total Liabilities & Equity | 19,892 | 21,677 | 23,415 | 20,910 | 21,971 | 17,781 | 13,156 | 12,567 | 11,568 | 9,223.3 | 8,239.2 | 7,868.8 | 7,145.2 | 6,593 | 6,273.9 | 5,335.6 | 5,176.6 | 5,011.2 | 4,125.7 | 3,784.1 | 3,885.8 | 3,708.1 | 3,349.9 | 3,416.5 | 3,218.8 | 3,043.3 | 2,746.7 | 2,512.8 | 1,873.1 | 1,821.6 | 1,721.7 |
| Debt Metrics | |||||||||||||||||||||||||||||||
| Total Debt | 9,439 | 9,826 | 10,169 | 7,645 | 8,099 | 8,789 | 3,412 | 3,544 | 3,572 | 2,242 | 1,624.9 | 1,343.1 | 1,344.3 | 1,288.1 | 1,218.1 | 1,228.4 | 1,421.4 | 1,196.9 | 1,088.5 | 521.5 | 714.7 | 535.3 | 291.4 | 410.5 | 416.7 | 425.4 | 429.1 | 436.5 | 31.1 | 127.5 | 194 |
| Net Debt | 6,518 | 6,431 | 6,140 | 3,688 | 3,141 | 3,767 | 425 | 1,363 | 2,436 | 1,328 | 603.5 | (286) | (151.4) | (59.6) | (34.9) | 107.7 | 556.9 | 795.2 | 834.8 | 152.9 | 161.4 | (76.3) | (72.7) | (136.4) | 70 | 105.1 | 81.6 | 159 | (224.5) | (127.3) | (73.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | (1,133) | 390 | 1,006 | 2,390 | 2,870 | 684 | 1,785 | 1,108 | 1,249 | 1,114.6 | 1,088.9 | 1,204.1 | 1,019.8 | 856.9 | 700.8 | 478.3 | 218.4 | 473.8 | 448.7 | 324.5 | 409.9 | 375.4 | 319.8 | 191.9 | 305.2 | 314.1 | 272.9 | 236.8 | 197.6 | 160.4 | 121.2 |
| Depreciation & Amortization | 829 | 825 | 733 | 715 | 651 | 611 | 557 | 531 | 464 | 414.7 | 409.3 | 384.6 | 336.9 | 295.8 | 294.4 | 263.7 | 254 | 250.7 | 207.2 | 198.4 | 196.7 | 191.7 | 174.8 | 162 | 162.9 | 146.8 | 117.3 | 97.5 | 76 | 58.8 | 42 |
| Stock-Based Compensation | 304 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 349 | 631 | (356) | (554) | 554 | (11) | (2) | 564 | 11 | 145 | 349 | (195.3) | (208.3) | (57.6) | (33.6) | 157.4 | 204.7 | (3.3) | (64.7) | 223.9 | (247.5) | 66.8 | 12.9 | 103.9 | (199.3) | (14.6) | (42) | (68.8) | (20.8) | (81.9) | (3.1) |
| Other Non-Cash Items | 1,319 | 779 | 534 | 637 | (214) | 1,139 | 243 | 184 | 184 | 208.5 | 149.5 | 198.2 | 154 | 53.7 | 89.9 | 82 | 146.4 | 37.3 | 60.5 | 37.3 | 14.1 | 432.8 | 9.1 | 84.1 | 31.9 | 1.7 | 8.3 | 4.9 | 41.4 | 40 | 15.1 |
| Operating Cash Flow | 1,272 | 2,360 | 1,731 | 3,040 | 3,631 | 2,280 | 2,517 | 2,573 | 1,800 | 1,788.7 | 1,943.3 | 1,535.2 | 1,226.3 | 1,126.7 | 1,027 | 956.7 | 696 | 690.1 | 661.6 | 709.8 | 478.1 | 667.3 | 548.5 | 518 | 305.4 | 442.5 | 352.3 | 258.2 | 253.1 | 172 | 161.1 |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditure | (602) | (919) | (3,289) | (1,040) | (637) | (623) | (744) | (629) | (504) | (525.3) | (473) | (510.2) | (461) | (420.7) | (351) | (270.6) | (279.8) | (357.8) | (312.1) | (260.6) | (229.6) | (206.5) | (163.1) | (203.2) | (192.2) | (180.9) | (192.9) | (580.5) | (82.9) | (63.4) | (46) |
| Acquisitions | (18) | (745) | 0 | (18) | (1,065) | (1,047) | 2 | 0 | (1,669) | (101.3) | (241) | (9.2) | (8.7) | (7.6) | (256.1) | (10.7) | (68.5) | (116) | (61.2) | (42.4) | (7.1) | (1.4) | (50.4) | (18.5) | (16) | (180.5) | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (1) | (18) | (8) | (10) | (42) | (5) | (14) | (478) | (1,267) | (2,016.2) | (1,207.2) | (0.6) | (2.8) | 0 | 0 | (0.1) | (0.4) | (4.7) | (0.5) | (0.1) | (0.3) | (0.1) | 0 | 0 | 0 | (15.9) | (8.4) | (1.8) | (1.5) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1,229 | 749 | 1,226 | 1,373.5 | 305 | 8.4 | 7 | 0 | 0.2 | 0 | 9.2 | 0 | 0 | 0.5 | 0 | 0 | 21 | 0 | 1.9 | 3 | 1 | 5.1 | 0.2 | 13.3 | 0 |
| Other Investing Activities | (23) | (23) | 80 | 108 | (120) | (23) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.6) | 0 | 0 | 0 | 4.7 | 0 | 0 | 0 | 0 | 0 | (24.4) | (4.5) |
| Investing Cash Flow | (644) | (1,705) | (3,217) | (960) | (1,864) | (1,698) | 473 | (358) | (2,214) | (1,269.3) | (1,616.2) | (511.6) | (465.5) | (428.3) | (606.9) | (281.4) | (339.5) | (478.5) | (373.8) | (303.2) | (237) | (208) | (192.5) | (217) | (206.3) | (374.3) | (200.3) | (577.2) | (130.7) | (74.5) | (50.5) |
| Financing Activities | |||||||||||||||||||||||||||||||
| Net Debt Issuance | (505) | (366) | 2,698 | (22) | (611) | 2,705 | (172) | (10) | 1,346 | 604.2 | 294.7 | (6.7) | 54.6 | 68.6 | (16.1) | (234.7) | 194.1 | 48.9 | 553.4 | (179.8) | 156.1 | 0 | (132.9) | (8.8) | (5.7) | (7.4) | (11.5) | 398.6 | (96.4) | (66.7) | 21.4 |
| Stock Repurchased | (35) | (35) | (271) | (2,309) | (733) | (893) | (1,555) | (759) | (413) | (889.9) | (982.8) | (667.2) | (387.7) | (592.7) | (396.6) | (266.7) | (62.6) | (129.6) | (1,004.3) | (400.5) | (438.6) | (115.9) | (352.5) | (49.7) | (0.1) | (23.6) | (12.7) | 0 | 0 | 0 | (1.1) |
| Dividends Paid | (618) | (947) | (925) | (840) | (753) | (503) | (609) | (546) | (486) | (422.5) | (349.9) | (301.8) | (419.2) | (204) | (148) | (109.1) | (116.7) | (106.6) | (103.6) | (85.4) | (98.5) | (76.3) | (81.7) | (71) | (71) | (70.9) | (63.6) | (53.6) | (63.4) | (107.3) | (36.3) |
| Other Financing Activities | 20 | 18 | 0 | 0 | (10) | (28) | (29) | (39) | 42 | 103.3 | 41.8 | 118.8 | 140.8 | 143 | 247.6 | 204.4 | 102.7 | 109.2 | 142.9 | 71.1 | (8.4) | 7.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (1,123) | (1,290) | 1,590 | (3,020) | (1,892) | 1,461 | (2,173) | (1,172) | 630 | (604.9) | (894.8) | (856.9) | (611.5) | (585.1) | (313.1) | (406.1) | 125.8 | (78.1) | (411.6) | (594.6) | (300.4) | (216) | (550.4) | (121.8) | (63.5) | (87.9) | (73.2) | 345.2 | (116.8) | (113.4) | (16) |
| Cash Position | |||||||||||||||||||||||||||||||
| Net Change in Cash | (474) | (634) | 72 | (1,001) | (64) | 2,035 | 806 | 1,045 | 222 | (107.3) | (607.7) | 133.4 | 148 | 94.7 | 132.3 | 256.2 | 462.8 | 148 | (114.9) | (184.7) | (58.3) | 247.5 | (182.8) | 200.2 | 26.4 | (27.2) | 70 | 21.9 | 0.8 | (13.1) | 96.6 |
| Cash at Beginning | 3,395 | 4,029 | 3,957 | 4,958 | 5,022 | 2,987 | 2,181 | 1,136 | 914 | 1,021.4 | 1,629.1 | 1,495.7 | 1,347.7 | 1,253 | 1,120.7 | 864.5 | 401.7 | 253.7 | 368.6 | 553.3 | 611.6 | 364.1 | 546.9 | 346.7 | 320.3 | 347.5 | 277.5 | 255.6 | 254.8 | 267.9 | 171.3 |
| Cash at End | 2,921 | 3,395 | 4,029 | 3,957 | 4,958 | 5,022 | 2,987 | 2,181 | 1,136 | 914.1 | 1,021.4 | 1,629.1 | 1,495.7 | 1,347.7 | 1,253 | 1,120.7 | 864.5 | 401.7 | 253.7 | 368.6 | 553.3 | 611.6 | 364.1 | 546.9 | 346.7 | 320.3 | 347.5 | 277.5 | 255.6 | 254.8 | 267.9 |
| Free Cash Flow | 670 | 1,441 | (1,558) | 2,000 | 2,994 | 1,657 | 1,773 | 1,944 | 1,296 | 1,263.4 | 1,470.3 | 1,025 | 765.3 | 706 | 676 | 686.1 | 416.2 | 332.3 | 349.5 | 449.2 | 248.5 | 460.8 | 385.4 | 314.8 | 113.2 | 261.6 | 159.4 | (322.3) | 170.2 | 108.6 | 115.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||
| Revenue | 14,288 | 15,608 | 15,910 | 17,737 | 16,215 | 14,294 | 14,863 | 13,683 | 11,824 | 11,262.3 | 10,780.4 | 10,968.8 | 10,181.7 | 9,713.6 | 8,810 | 7,795.8 | 7,323.8 | 7,910.8 | 7,037.5 | 6,463.8 | 6,336.3 | 5,790.4 | 5,117.6 | 4,743.7 | 4,608.1 | 4,366.8 | 3,961.3 | 3,618 | 3,381.6 | 3,194.5 | 2,899.1 |
| Gross Profit | 10,558 | 11,184 | 11,346 | 13,432 | 12,381 | 10,742 | 11,476 | 10,839 | 9,387 | 9,081.2 | 8,679.8 | 8,810.6 | 8,155.8 | 7,717.8 | 6,873.1 | 5,966.4 | 5,442.2 | 5,914 | 5,262.7 | 4,777.2 | 4,718.9 | 4,314.1 | 3,781.9 | 3,470.3 | 3,635.8 | 3,541.5 | 3,178.7 | 2,896 | 2,692.5 | 2,522.3 | 2,266.3 |
| Operating Income | 958 | 970 | 1,509 | 3,170 | 2,618 | 606 | 2,313 | 2,055 | 1,704 | 1,610 | 1,606 | 1,827.6 | 1,526 | 1,311.7 | 1,089.4 | 789.9 | 418.4 | 810.7 | 749.9 | 619.6 | 726.8 | 648.9 | 503.7 | 342.1 | 495.6 | 515.8 | 456.9 | 409.1 | 359.1 | 310.3 | 230.9 |
| Net Income | (1,133) | 390 | 1,006 | 2,390 | 2,870 | 684 | 1,785 | 1,108 | 1,249 | 1,114.6 | 1,088.9 | 1,204.1 | 1,019.8 | 856.9 | 700.8 | 478.3 | 218.4 | 473.8 | 449.2 | 244.2 | 406.1 | 342.1 | 319.8 | 191.9 | 305.2 | 314.1 | 272.9 | 236.8 | 197.6 | 160.4 | 121.2 |
| EPS (Diluted) | -3.15 | 1.08 | 2.79 | 6.55 | 7.79 | 1.86 | 4.82 | 2.95 | 3.35 | 2.96 | 2.82 | 3.06 | 2.58 | 2.16 | 1.74 | 1.19 | 0.55 | 1.20 | 1.08 | 0.56 | 0.89 | 0.74 | 0.63 | 0.35 | 0.58 | 0.60 | 0.52 | 0.45 | 0.37 | 0.30 | 0.23 |
| Balance Sheet | |||||||||||||||||||||||||||||||
| Cash & Equivalents | 2,921 | 3,395 | 4,029 | 3,957 | 4,958 | 5,022 | 2,987 | 2,181 | 1,136 | 914.1 | 1,021.4 | 1,629.1 | 1,495.7 | 1,347.7 | 1,253 | 1,120.7 | 864.5 | 401.7 | 253.7 | 368.6 | 553.3 | 611.6 | 364.1 | 546.9 | 346.7 | 320.3 | 347.5 | 277.5 | 255.6 | 254.8 | 267.9 |
| Total Assets | 19,892 | 21,677 | 23,415 | 20,910 | 21,971 | 17,781 | 13,156 | 12,567 | 11,568 | 9,223.3 | 8,239.2 | 7,868.8 | 7,145.2 | 6,593 | 6,273.9 | 5,335.6 | 5,176.6 | 5,011.2 | 4,125.7 | 3,784.1 | 3,885.8 | 3,708.1 | 3,349.9 | 3,416.5 | 3,218.8 | 3,043.3 | 2,746.7 | 2,512.8 | 1,873.1 | 1,821.6 | 1,721.7 |
| Total Debt | 9,439 | 9,826 | 10,169 | 7,645 | 8,099 | 8,789 | 3,412 | 3,544 | 3,572 | 2,242 | 1,624.9 | 1,343.1 | 1,344.3 | 1,288.1 | 1,218.1 | 1,228.4 | 1,421.4 | 1,196.9 | 1,088.5 | 521.5 | 714.7 | 535.3 | 291.4 | 410.5 | 416.7 | 425.4 | 429.1 | 436.5 | 31.1 | 127.5 | 194 |
| Stockholders' Equity | 3,865 | 5,314 | 5,585 | 5,590 | 6,057 | 3,935 | 4,386 | 4,688 | 4,384 | 3,572 | 3,643.2 | 3,854.9 | 3,286.9 | 2,733.2 | 2,629.4 | 1,948.4 | 1,640 | 1,653.2 | 1,199 | 1,622.3 | 1,692.8 | 1,733.5 | 1,423.6 | 1,461.9 | 1,352.1 | 1,520.3 | 1,284.5 | 1,056.4 | 907.7 | 754.2 | 695.1 |
| Cash Flow | |||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,272 | 2,360 | 1,731 | 3,040 | 3,631 | 2,280 | 2,517 | 2,573 | 1,800 | 1,788.7 | 1,943.3 | 1,535.2 | 1,226.3 | 1,126.7 | 1,027 | 956.7 | 696 | 690.1 | 661.6 | 709.8 | 478.1 | 667.3 | 548.5 | 518 | 305.4 | 442.5 | 352.3 | 258.2 | 253.1 | 172 | 161.1 |
| Capital Expenditure | (602) | (919) | (3,289) | (1,040) | (637) | (623) | (744) | (629) | (504) | (525.3) | (473) | (510.2) | (461) | (420.7) | (351) | (270.6) | (279.8) | (357.8) | (312.1) | (260.6) | (229.6) | (206.5) | (163.1) | (203.2) | (192.2) | (180.9) | (192.9) | (580.5) | (82.9) | (63.4) | (46) |
| Free Cash Flow | 670 | 1,441 | (1,558) | 2,000 | 2,994 | 1,657 | 1,773 | 1,944 | 1,296 | 1,263.4 | 1,470.3 | 1,025 | 765.3 | 706 | 676 | 686.1 | 416.2 | 332.3 | 349.5 | 449.2 | 248.5 | 460.8 | 385.4 | 314.8 | 113.2 | 261.6 | 159.4 | (322.3) | 170.2 | 108.6 | 115.1 |