Enterprise Products Partners L.P. logo EPD - Enterprise Products Partners L.P.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 34
HOLD 9
SELL 2
STRONG
SELL
0
| PRICE TARGET: $38.57 DETAILS
HIGH: $43.00
LOW: $34.00
MEDIAN: $39.00
CONSENSUS: $38.57
DOWNSIDE: 2.67%
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 14,386 13,793 12,023 11,363 15,417 14,201 13,775 13,483 14,760 14,622 11,998 10,651 12,444 13,650 15,468 16,060 13,008 11,370 10,832 9,450 9,155 7,044.2 6,922 5,751 7,482.5 8,005.3 7,964.1 8,276.3 8,543.5 9,182.3 9,585.9 8,467.5 9,298.5 8,426.6 6,886.9 6,607.6 7,320.4 6,478.8 5,920.4 5,617.8 5,005.3 6,155 6,307.9 7,092.5 7,472.5 10,190.3 12,330.2 12,520.8 12,909.9 13,101.3 12,093.3 11,149.3 11,383.1 11,072.1 10,468.7 9,789.8 11,252.5 11,585.7 11,327.1 11,216.5 10,183.7 9,583.6 8,067.8 7,543.4 8,544.5 13,983.8 4,596.1 3,507.9 3,423.1 3,583.6 6,297.9 6,339.6 5,684.5 5,302.5 4,112.0 4,212.8 3,322.9 3,350.5 3,872.5 3,517.9 3,250.1 3,780.4 3,249.3 2,671.8 2,555.5 2,862.7 2,040.3 1,713.3 1,704.9 1,419.4 1,210.7 1,170.9 793.3 643.3 968.4 838.3 992.7 717.1 592.9 746.3
Cost of Revenue 12,503 11,792 10,366 9,592 13,680 12,277 12,006 11,758 12,954 12,766 10,355 9,134 10,744 11,959 13,783 14,336 11,383 9,944 9,380 8,049 7,487 5,573.5 5,494.2 4,358.6 6,058.7 6,667.7 6,534.3 6,793.9 7,014.9 7,595.3 7,997.3 7,536.1 8,221.8 7,399.7 6,070.1 5,717.1 6,322 5,592.9 5,058.9 4,808.8 4,145.2 5,218.7 5,425.8 6,278.5 6,583.1 9,270.3 11,409.1 11,635.4 11,966.7 12,144.5 11,258.3 10,340.1 10,418.2 10,225.6 9,616.7 9,009.5 10,467.2 10,643.5 10,604.6 10,533.3 9,537.1 9,043.1 7,460.1 6,974.2 7,971.9 13,170.1 4,220.2 3,134.2 3,041.3 3,217.9 5,971.9 5,959.9 5,311.2 5,027.5 3,896.4 3,960.7 3,124.5 3,133.9 3,584.8 3,323.6 3,046.9 3,587.1 3,045.3 2,530.1 2,383.6 2,677.9 1,951.6 1,653.3 1,621.5 1,347.3 1,134.0 1,103.9 745.6 597.9 851.6 767.0 909.8 649.4 537.0 663.9
Gross Profit 1,883 2,001 1,657 1,771 1,737 1,924 1,769 1,725 1,806 1,856 1,643 1,517 1,700 1,691 1,685 1,724 1,625 1,426 1,452 1,401 1,668 1,470.7 1,427.8 1,392.4 1,423.8 1,337.6 1,429.8 1,482.4 1,528.6 1,587 1,588.6 931.4 1,076.7 1,026.9 816.8 890.5 998.4 885.9 861.5 809 860.1 936.3 882.1 814 889.4 920 921.1 885.4 943.2 956.8 835 809.2 964.9 846.5 852 780.3 785.3 942.2 722.5 683.2 646.6 540.5 607.7 569.2 572.6 813.7 375.9 373.7 381.8 365.7 326.0 379.7 373.3 275.0 215.6 252.1 198.4 216.7 287.7 194.3 203.2 193.3 203.9 141.6 171.9 184.8 88.7 60.0 83.4 72.1 76.6 67.0 47.7 45.5 116.8 71.4 83.0 67.7 55.9 82.4
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 64 62 61 68 60 60 61 57 66 57 59 56 57 62 55 62 62 54 47 52 56 56.8 50.3 57 55.5 51.4 55.5 52.5 52.2 51.2 52.7 51.4 53 43.7 41.3 45.7 50.4 38.4 42 35.1 43.9 49.4 49 44.9 49.3 55.1 50 47.7 53.2 49.4 43.9 45.5 49.5 40.1 41.4 42.5 46.3 43.5 50 50.4 37.9 73.3 56 37.9 37.6 87.6 33.9 27.8 23 23.6 21.7 24.0 21.2 21.0 18.7 31.4 16.6 17.6 15.8 16.2 13.7 15.6 13.3 18.7 14.7 20.0 10.1 7.1 9.5 8.7 10.1 14.9 7.7 8.7 7.7 6.2 8.3 7.0 7.7 5.4
Other Expenses 0 0 (90) 0 (84) (107) (72) (97) (82) (122) (111) (118) (91) (136) (82) (102) (103) (31) (108) (143) (83) 705.7 (5) (101.5) (139.2) (131.8) (99.9) (130.4) (149.8) (104.6) (107.4) (106.4) (114.8) (96.2) (103.7) (93.9) (83.6) (75.7) (85.5) (63) (99.4) (47.6) (76.3) (31.2) (55.9) (56.1) (66.6) (46.6) (142.7) (8.1) (28.8) (9.9) 0 (16.2) 0 0 0 0 0 0 0 0 0 0 0 (51.2) 0 17.6 (13.4) (11.1) (14.9) (18.6) 337.5 (15.7) (14.0) 6.2 (6.2) (7.3) (2.3) (8.0) (4.0) 0.0 (3.7) (2.6) (8.3) (10.6) (14.6) (12.1) (13.4) (2.7) 0.2 (35.3) 0 0 0 10.8 13.1 9.6 9.3 9.0
Operating Expenses 64 62 (29) 68 (24) (47) (11) (40) (16) (65) (52) (62) (34) (74) (27) (40) (41) 23 (61) (91) (27) 762.5 45.3 (44.5) (83.7) (80.4) (44.4) (77.9) (97.6) (53.4) (54.7) (55) (61.8) (52.5) (62.4) (48.2) (33.2) (37.3) (43.5) (27.9) (55.5) 1.8 (27.3) 13.7 (6.6) (1) (16.6) 1.1 (89.5) 41.3 15.1 35.6 49.5 23.9 41.4 42.5 46.3 43.5 50 50.4 37.9 73.3 56 37.9 37.6 36.4 33.9 45.4 9.6 12.6 6.8 5.4 358.8 5.3 4.8 37.6 10.5 10.3 13.6 8.2 9.7 15.6 9.5 16.1 6.4 9.5 (4.5) (5.0) (3.9) 6.0 10.3 (20.4) 7.7 8.7 7.7 16.9 21.4 16.6 17.0 14.4
Operating Income
Operating Income 1,819 1,939 1,686 1,703 1,761 1,971 1,780 1,765 1,822 1,921 1,695 1,579 1,734 1,765 1,712 1,764 1,666 1,403 1,513 1,492 1,695 708.2 1,382.5 1,436.9 1,507.5 1,418 1,474.2 1,560.3 1,626.2 1,640.4 1,643.3 986.4 1,138.5 1,079.4 879.2 938.7 1,031.6 923.2 905 836.9 915.6 934.5 909.4 800.3 896 921 937.7 884.3 1,032.7 915.5 819.9 763.7 915.4 806.4 810.6 749.1 748.9 909.2 681.1 632.8 624.9 479 543.2 539.7 551 759 364.5 373.3 482.8 353.1 319.1 374.3 366.7 269.7 210.8 214.6 187.9 206.3 274.2 186.0 193.5 177.6 194.4 125.5 165.5 175.3 93.2 66.0 88.8 66.1 66.3 87.4 40.0 36.8 109.1 54.4 61.6 51.1 38.9 68.0
Interest Expense 385 375 354 332 341 347 345 333 333 327 328 305 314 307 309 309 319 328.2 315.9 316.1 322.8 329.2 320.5 320.2 317.5 292.8 382.9 290.1 277.2 290.5 279.5 274.6 252.1 245.6 243.9 245.8 249.3 247 250.9 244.1 240.6 238.6 243.7 240.4 239.1 241.4 229.8 228.9 220.9 198.1 208.3 200.2 195.9 199 199.7 186.6 186.5 183 189 188.3 183.8 245 192 179.2 157.9 267.2 161 158.5 152.5 0 102.7 95.8 91.9 311.8 0 0 0 238.0 0 0 0 230.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 9 6 9 17 16 5 15 7 5 8 12 5 3 2 1 2 0.9 0.7 1.1 1.1 2.2 2.9 7.2 2.7 6.9 0.7 1.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0 0 0 0.2 0.2 0.3 0.2 0.1 0.3 0.1 0.3 0.2 0.3 0.3 0.3 0.2 0.9 0.5 0.2 0.9 0.2 0.6 0.6 0 2.1 1.0 1.6 0 0 0 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 2,520 2,788 2,357 2,445 2,334 2,550 2,348 2,314 2,375 2,464 2,232 2,107 2,246 2,293 2,210 2,264 2,148 1,885.6 1,985 1,954 2,158 1,236.2 1,840 1,904.4 1,966.9 1,919 1,936.7 2,024.9 2,044.4 2,052.6 2,082.1 1,428.1 1,594.6 1,471.1 1,283.2 1,327 1,428.6 1,323.7 1,290.7 1,195.3 1,301.3 1,293.5 1,279.7 1,196.6 1,263.9 1,291.2 1,278.1 1,216.5 1,352.3 1,230.4 1,123 1,081.7 1,249.6 1,109.7 1,070.2 1,033.9 1,073.7 1,177.7 934.5 887.9 866.5 762.6 800.1 775 777.6 1,112.8 568.7 582.7 683.1 498.6 459.6 513.4 503.5 411.4 347.8 338.5 309.1 323.2 388.5 296.5 300.1 289.5 299.2 228.2 266.9 276.3 126.5 98.9 120.2 98.5 94.6 119.4 57.3 51.5 121.5 65.2 74.6 60.7 48.2 77.0
EBIT 1,819 2,031 1,697 1,802 1,771 1,990 1,796 1,770 1,837 1,928 1,702 1,601 1,746 1,787 1,719 1,766 1,669 1,405.5 1,514 1,493 1,696 709.4 1,385.4 1,440.7 1,513.3 1,426.4 1,443.1 1,536.3 1,569.9 1,621.5 1,625.1 980.2 1,168.7 1,048.5 870.6 920.5 1,026.3 927 898.8 814 919.2 925.2 906.9 789.1 896.5 923.1 936.7 885.4 1,032.4 915.1 820.5 773.9 957.6 822.7 790 762.3 807.6 909.9 680.1 644.2 625.4 481.7 544.5 540.1 559 756.3 356.5 374.1 484 353.1 320.3 375 367.6 269.7 210.8 214.6 187.9 206.3 274.2 186.0 193.5 177.6 194.4 125.5 165.5 175.3 92.9 66.0 88.8 66.1 66.3 87.4 39.9 36.8 109.1 54.4 61.6 51.1 38.9 68.0
Income Before Tax 1,518 1,656 1,343 1,470 1,430 1,646 1,450 1,435 1,504 1,604 1,371 1,294 1,432 1,480 1,410 1,457 1,350 1,077 1,198 1,177 1,373 380.2 1,064.9 1,120.5 1,195.8 1,133.6 1,060.2 1,246.2 1,292.7 1,331 1,345.6 705.6 916.6 802.9 626.7 674.7 777 680 647.9 569.9 678.6 686.6 663.2 548.7 657.4 681.7 706.9 656.5 811.5 717 612.2 573.7 761.7 623.7 590.3 575.7 621.1 726.9 491.1 455.9 441.6 236.7 390.8 360.9 402.5 489.1 195.5 202.3 252.5 249.4 217.6 279.1 275.7 148.9 115.5 144.0 126.5 146.1 213.5 133.1 137.4 119.6 135.3 70.0 113.0 117.7 61.3 34.2 56.3 34.3 32.6 58.1 48.3 45.9 117.9 55.8 63.5 58.0 52.7 76.3
Income Tax Expense 22 4 (13) 16 24 10 19 15 21 (1) 22 13 10 28 18 17 19 13 16 31 10 14.3 (19.1) 59.7 (179.2) 8.2 15.4 9.7 12.3 25.8 11 18.4 5.1 5.6 5.4 8.7 6 10.3 4.8 (0.1) 8.4 (6.9) 5.5 (7.9) 6.8 0.6 7.7 10 4.8 11.3 19.4 20.4 6.4 6.3 2.4 8.5 (34.4) 1.1 11.6 7.4 7.1 6 4.9 6.5 8.7 1.3 7.7 2.2 16 9.2 6.6 6.9 3.7 6.3 (2.1) 1.9 8.8 8.9 3.3 6.3 2.9 4.4 3.2 (1.0) 1.8 1.1 0.7 0.4 1.6 0.7 (0.5) (0.4) 24.7 22.9 25.1 2.1 6.3 0.9 (6.6) (1.5)
Net Income 1,483 1,644 1,327 1,436 1,394 1,623 1,417 1,405 1,457 1,571 1,318 1,253 1,390 1,420 1,361 1,412 1,297 1,029 1,154 1,113 1,342 338.2 1,052.6 1,034.7 1,350.1 1,096.9 1,019.2 1,214.7 1,260.5 1,284.7 1,313.2 673.8 900.7 774 610.9 653.7 760.7 658.8 634.6 558.5 661.2 684.8 649.3 551 636.1 659.8 691.1 637.7 798.8 698.9 592 552.5 753.5 615.5 586.8 566.3 651.3 721.1 471.4 433.7 420.7 (786.1) 37 54.1 377.8 406.1 212.9 186.6 225.3 228.1 203.1 263.3 259.6 161.9 117.6 142.2 112.0 132.8 208.3 126.3 133.8 108.4 131.2 70.7 109.3 115.4 57.2 33.1 62.5 42.7 33.1 55.5 22.3 21.9 93.0 52.3 55.2 50.3 45.6 69.4
Per Share Data
EPS (Basic) 0.68 0.75 0.61 0.66 0.64 0.74 0.64 0.64 0.66 0.72 0.60 0.58 0.64 0.65 0.63 0.64 0.59 0.47 0.52 0.50 0.61 0.15 0.48 0.47 0.61 0.50 0.47 0.55 0.57 0.59 0.60 0.31 0.41 0.36 0.28 0.30 0.36 0.31 0.30 0.27 0.32 0.34 0.32 0.28 0.32 0.34 0.37 0.34 0.43 0.37 0.32 0.30 0.41 0.34 0.33 0.32 0.38 0.44 0.28 0.27 0.26 -0.62 0.03 0.04 0.30 0.44 0.18 0.16 0.21 0.26 0.19 0.26 0.26 0.15 0.10 0.13 0.10 0.14 0.22 0.13 0.14 0.12 0.14 0.07 0.13 0.20 0.10 0.06 0.13 0.10 0.07 0.21 0.07 0.11 0.50 0.28 0.30 0.27 0.25 0.38
EPS (Diluted) 0.68 0.75 0.61 0.66 0.64 0.73 0.65 0.63 0.66 0.71 0.60 0.57 0.63 0.65 0.62 0.64 0.59 0.47 0.52 0.50 0.61 0.15 0.48 0.47 0.61 0.50 0.46 0.55 0.57 0.59 0.60 0.31 0.41 0.36 0.28 0.30 0.36 0.31 0.30 0.27 0.32 0.34 0.32 0.28 0.32 0.34 0.37 0.34 0.43 0.37 0.32 0.30 0.41 0.34 0.33 0.32 0.37 0.44 0.28 0.26 0.25 -0.62 0.03 0.04 0.25 0.44 0.18 0.16 0.21 0.26 0.19 0.26 0.26 0.15 0.10 0.13 0.10 0.14 0.22 0.13 0.14 0.12 0.14 0.07 0.13 0.20 0.10 0.06 0.13 0.10 0.07 0.21 0.06 0.11 0.50 0.28 0.30 0.27 0.25 0.38
Shares Outstanding 2,187.1 2,192 2,190 2,190 2,191 2,165.7 2,192 2,171 2,170 2,171.9 2,172 2,174 2,174.5 2,170.8 2,179 2,180 2,178 2,176.4 2,184 2,185 2,183 2,182.3 2,185.5 2,185.9 2,188.9 2,189.2 2,189.2 2,189.0 2,187.1 2,195 2,180.2 2,174.6 2,166.9 2,167 2,152.7 2,148.0 2,126.2 2,116.6 2,102.8 2,092.3 2,055.9 2,012.6 2,005.8 1,994.1 1,959.9 1,937.3 1,880.2 1,878.0 1,874.0 1,865.0 1,849.5 1,830.9 1,821.6 1,797.6 1,791.3 1,777.4 1,713.2 1,643.8 1,643.8 1,630.2 1,627.8 1,276 417.6 417.6 1,241.9 928.6 928.6 916.8 905.4 875.1 875.2 873 868 1,067.2 1,105.2 1,093.5 1,120.5 968.8 968.8 1,010.4 955.5 904.6 904.6 874.0 874.0 583.7 572.3 602.7 481.0 433 441.4 263.8 290.6 204.2 185.0 185.0 186.1 186.1 184.2 182.2
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 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
Current Assets
Cash & Cash Equivalents 394 1,245 432 870 220 583 1,434 138 283 180 171 183 76 76 167 231 231 2,820 2,213.5 404.5 229.4 1,059.9 1,032.2 1,298.5 2,025.7 334.7 1,207.8 107.3 99.3 344.8 30.2 57.9 102.1 5.1 32.9 28.6 62.4 63.1 57.1 113.5 160.6 494.5 134.9 55.3 65 41.5 43.9 62.6 52.8 44.3 40.5 41.3 22.6 62.0 67.1 123.3 379.4 60.4 41.4 87.1 50.1 5.2 21.6 4 4.7 24.1 11
Short-Term Investments 991 434 452 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 113.8 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 8,354 6,501 7,523 7,562 7,855 9,240 8,202 8,655 7,598 7,772 6,928 6,134 6,637 6,975 6,733 8,450 9,018 6,988 6,122.5 5,261.6 5,786.6 4,808.2 3,780.3 2,910.3 3,295.7 4,876.1 4,263.7 3,801.8 4,293.2 3,662.6 4,224.5 4,320.3 4,443.5 4,360.2 3,395.4 2,658.7 3,154.4 3,330.6 2,945.8 3,057.5 2,450.5 2,943.3 3,082.9 3,137.4 1,279.6 1,139.4 1,590.2 536.3 408.6 462.5 439.9 483.4 399.4 322.8 338.7 392.7 326.0 415.6 339.8 252.0 344.3 318.4 238.2 79.4 67.1 72.8 71.4
Inventory 5,234 3,884 4,160 3,969 3,233 3,955 3,319 3,356 3,257 3,352 3,345 2,497 2,195 2,554 3,173 3,234 2,652 2,681 3,095.9 3,346.8 3,703.3 3,303.5 3,192.6 2,024.1 1,538.8 2,091.4 1,644.7 1,586.1 1,680.5 1,522.1 2,335.8 1,729.6 1,699.9 1,609.8 1,983.2 1,604.3 1,922 1,770.5 1,762.5 1,714.9 1,232.1 1,025.5 990.9 711.9 965.8 520 509.9 203.8 168.3 150.2 157.9 102.0 167.4 227.1 152.1 99.8 24.8 93.2 138.0 145.1 10.5 39.9 103 55.5 17.8 17.6 60.9
Other Current Assets 704 1,296 670 1,759 1,455 1,355 1,430 1,304 955 944 988 890 779 993 574 498 665 381.6 839.5 758.8 428.3 326.8 231.8 347.8 455.7 202.5 166 195.8 134.3 219.7 485.5 448.7 192.2 218.6 247 105.4 85.1 895.9 518.7 654 371.8 19.1 101.7 63.6 413.7 485.8 63.9 0 0 0 0 0 0 0 0 0 0 12.1 13.2 11.8 14.9 21 21.1 22.2 25 23.2 8.3
Total Current Assets 15,677 13,360 13,237 14,160 12,763 15,133 14,385 13,453 12,093 12,248 11,432 9,704 9,687 10,598 11,082 12,961 12,978 13,270 12,828.4 10,311.2 10,584.1 9,909.4 8,793.3 7,116.3 7,719.1 7,862.9 7,913.8 6,258.9 6,628.6 6,060.7 7,685.9 7,002.6 6,791 6,506.4 6,031.1 4,784.5 5,641.5 6,528.2 5,741.6 5,969.7 4,592.6 4,905.6 4,607.2 4,246.9 2,868.9 2,290.6 2,375.8 840.3 685.7 687.2 663.5 649.1 637.6 658.0 625.9 695.0 751.7 581.4 532.5 496.1 419.8 384.5 383.9 161.1 114.6 137.7 151.6
Non-Current Assets
Property, Plant & Equipment 52,148 51,796 51,511 50,495 49,715 49,062 48,099 47,436 46,431 45,804 45,340 45,054 44,597 44,401 44,167 44,129 44,033 42,088 42,253.8 42,233.1 42,102.4 41,912.8 42,360.1 42,538.4 42,159.1 41,603.4 40,763.3 40,089.1 39,347.5 38,737.6 37,802.9 37,054.5 36,416.3 35,620.4 34,979.3 34,220.7 33,556.1 33,292.5 33,119.4 33,011.5 32,673.3 18,332 17,735.3 17,689.2 13,582 13,505.7 11,133.4 3,020.8 2,951.6 2,963.5 2,841.0 2,846.0 2,810.8 2,823.2 1,261.2 1,232.8 991.2 975.3 941.8 903.8 871.3 767.1 772.2 492.8 496.8 499.8 502.8
Goodwill 5,712 5,712 5,712 5,712 5,712 5,712 5,608 5,608 5,608 5,608 5,608 5,608 5,608 5,608 5,608 5,608 5,608 5,449 5,448.9 5,448.9 5,448.9 5,448.9 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 5,745.2 2,050.6 2,018.3 2,018.3 706.9 706.9 591.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 4,103 4,159 4,207 3,902 3,953 4,005 3,619 3,671 3,720 3,770 3,821 3,871 3,919 3,965 4,010 4,056 4,101 3,151 3,190 3,229.7 3,259.8 3,309.1 3,348.6 3,379.4 3,409.4 3,449 3,489.4 3,532.6 3,565.9 3,608.4 3,654.2 3,696.1 3,736.4 3,690.3 3,739.8 3,782.4 3,823.2 3,864.1 3,907.2 3,948.3 3,990.9 1,896.1 1,035.2 1,064.8 813.5 834.4 928.2 343.7 347.5 351.3 352.0 355.6 359.2 362.8 205.1 90.4 91.6 92.9 88.6 64.0 57.9 61.6 79.2 0 0 0 0
Long-Term Investments 2,232 2,211 2,225 2,221 2,251 2,259 2,268 2,292 2,321 2,330 2,337 2,332 2,338 2,352 2,356 2,374 2,426 2,428 2,433.4 2,442.7 2,449.8 2,429.2 2,485.4 2,547.4 2,608.5 2,600.2 2,660.9 2,652.1 2,654.3 2,615.1 2,603.4 2,581.5 2,583.4 2,659.4 2,660.2 2,661.3 2,671.4 2,677.3 2,687.2 2,669.4 2,684.1 873.2 883.5 2,416.2 901.4 935.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 687 664 930 952 1,012 997 1,083 1,101 1,200 1,222 1,266 1,160 1,176 1,184 1,214 1,222 1,173 1,140 1,165.4 1,139.5 1,138.5 1,097.3 1,003.6 617.8 624 472.5 442.7 443.9 456 202.8 260.6 231.5 210 196.4 145 119.2 92.2 86.7 57.8 56.7 51.3 232 221.6 248.2 148.7 161.4 974.5 740.8 788.7 790.4 408.2 402.6 406.8 410.9 417.8 423.8 415.1 301.8 284.7 291.8 289.8 281.8 237.3 136.6 127.5 103.5 98.2
Total Non-Current Assets 64,961 64,618 64,585 63,282 62,643 62,035 60,677 60,108 59,280 58,734 58,372 58,025 57,638 57,510 57,355 57,389 57,341 54,256 54,491.5 54,493.9 54,399.4 54,197.3 54,942.9 54,828.2 54,546.2 53,870.3 53,101.5 52,462.9 51,768.9 50,909.1 50,066.3 49,308.8 48,691.3 47,911.7 47,269.5 46,528.8 45,888.1 45,665.8 45,516.8 45,431.1 45,144.8 23,383.9 21,893.9 23,436.7 16,153.6 16,144.7 13,630.2 4,113.4 4,096.6 4,115.6 3,613.9 3,617.3 3,592.7 3,596.9 1,884.1 1,747.0 1,497.9 1,370.0 1,315.1 1,259.6 1,218.9 1,110.5 1,088.7 629.4 624.3 603.3 601
Total Assets 80,638 77,902 77,822 77,442 75,406 77,168 75,062 73,561 71,373 70,982 69,804 67,729 67,325 68,108 68,437 70,350 70,319 67,526 67,319.9 64,805.1 64,983.5 64,106.7 63,736.2 61,944.5 62,265.3 61,733.2 61,015.3 58,721.8 58,397.5 56,969.8 57,752.2 56,311.4 55,482.3 54,418.1 53,300.6 51,313.3 51,529.5 52,194 51,258.4 51,400.8 49,737.4 28,289.5 26,501.1 27,686.3 19,022.5 18,435.3 16,006.0 4,953.6 4,782.3 4,802.8 4,277.3 4,266.4 4,230.3 4,255.0 2,510.0 2,442.0 2,249.6 1,951.4 1,847.5 1,755.7 1,638.7 1,495 1,472.6 790.5 738.9 741 752.6
Current Liabilities
Account Payables 1,405 1,238 1,359 1,326 1,334 1,227 1,203 1,147 1,372 1,195 962 999 750 743 754 803 868 632 708.1 853.4 830.7 704.6 896 902.5 915.8 1,004.5 1,057.8 1,078.5 918.1 1,102.8 1,153.2 893.1 730.6 801.7 720.3 674.4 526.1 397.7 453.7 602.6 743.5 594.8 466.8 481.4 374.2 419 347.3 59.0 83.7 106.4 92.3 109.5 108.1 138.4 86.8 110.5 121.2 153.0 141.4 69.5 101.2 134.1 139.9 36.4 35.1 36.6 37.2
Short-Term Debt 2,803 1,722 2,464 1,623 2,453 1,150 1,149 2,049 1,149 1,300 1,470 1,204 1,149 1,744 2,654 1,889 2,629 1,400 1,399.3 1,398.9 1,513.4 1,325 1,325 2,325 1,750 1,981.9 2,300 500 2,694.6 1,500.1 3,405.5 2,668.7 2,376.8 2,855 3,009 3,354.8 2,300 2,576.8 2,838.1 875.4 835.9 255 175 0 181.4 0 0 365.0 15 240 15 15 15 1,215 0 0 0 0 50 0 0 129 175 0 0 0 49.3
Deferred Revenue 161 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 12,853 9,872 1,149 1,337 1,206 1,289 1,331 1,063 793 1,071 1,198 962 798 1,132 1,140 904 1,017 880 1,416.3 1,049.5 832.5 957.9 952.4 900.4 775.6 633.6 750.2 604.8 479.8 553 887.1 717.3 495.6 586.8 633.7 435.5 350.8 1,216.4 888.6 855.7 516.1 463.8 354.4 0 528.1 620.4 259.9 53.6 50.6 725.8 30.7 24.0 562.5 45.0 367.0 81.4 28.1 433.4 321.1 425.4 290.7 268 171.4 63.5 47.8 46.2 13.3
Total Current Liabilities 17,222 12,832 15,050 14,757 14,872 15,177 13,404 14,809 13,030 13,131 12,475 10,709 10,410 12,265 12,897 14,978 15,374 11,624.5 11,870.7 10,528.6 10,538.9 8,988 7,846.9 7,482.4 6,915.4 9,129.7 8,669.5 6,264.1 8,592.7 7,167.5 10,922.3 9,449.3 8,839.6 9,295.1 8,438.7 7,818.6 7,048 8,250.5 7,568.3 7,026 6,013.4 4,667.4 4,940.7 4,536 2,811.6 2,285.8 2,476.0 1,297.3 768.0 1,096.9 676.5 762.0 721.4 1,836.1 471.3 558.1 436.2 586.4 512.5 494.9 391.9 531.1 486.3 99.9 82.9 82.8 99.8
Non-Current Liabilities
Long-Term Debt 31,246 32,814 31,479 31,110 29,127 30,746 30,756 28,289 28,285 27,448 27,446 27,443 27,439 26,551 26,548 26,892 26,889 28,135 28,132.8 27,148.6 27,145.9 28,540.7 28,537 27,285.2 27,855.9 25,643.2 25,639.2 26,385 24,181.6 24,678.1 22,508.5 23,020.2 23,016.4 21,713.7 21,710.9 20,026.5 21,123 21,120.9 21,121.2 21,922.1 21,919.8 12,416.5 10,915.7 12,427.9 9,224.3 9,307.3 6,772.0 1,402.4 2,195.9 1,899.5 1,859.6 1,986.6 2,231.5 1,313.5 855.4 855.6 855.8 403.8 404 404 404 166 215 145 110 90 75
Deferred Tax Liabilities 795 702 655 672 667 656 634 625 620 611 605 591 603 600 565 556 549 518 511.3 502.3 482.8 464.7 463.3 481.6 428.2 100.4 91.4 84.6 82.2 80.4 68.4 69 58 58.5 53.7 53.4 52.6 52.7 51.6 50.6 50.2 72.9 72.5 71.7 68.8 67.3 17.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 379 333 6 330 289 350 424 341 285 384 354 964 1,014 329 987 947 850 220 820.5 778.8 745.7 216.9 784.3 753.9 951.6 663.8 1,089.7 1,012.7 1,019.7 541.3 747.2 682.4 603.4 578.4 548.4 534.6 505.9 503.9 478.6 456.2 407.7 207.3 160.2 159.7 98.9 79.6 85.4 22.4 9.0 14.1 9.8 7.7 7.7 8.0 17.2 17.3 15.6 15.6 7.1 6.1 6.7 0.3 0.6 0.1 (0.1) 0 0
Total Non-Current Liabilities 33,069 34,576 32,722 32,766 30,759 32,402 32,500 29,955 29,866 29,092 29,107 28,998 29,056 28,141 28,100 28,395 28,288 29,462 29,464.6 28,429.7 28,374.4 29,741.3 29,784.6 28,520.7 29,235.7 26,776 26,820.3 27,482.3 25,283.5 25,510.1 23,324.1 23,771.6 23,677.8 22,350.6 22,313 20,614.5 21,681.5 21,677.5 21,651.4 22,428.9 22,377.7 12,696.7 11,148.4 12,659.3 9,392 9,454.2 6,874.3 1,424.7 2,204.9 1,913.6 1,869.4 1,994.3 2,239.1 1,321.5 872.6 872.9 871.3 419.5 411.1 410.1 410.7 166.3 215.6 145.1 109.9 90 75
Total Liabilities 50,291 47,408 47,772 47,523 45,631 47,579 45,904 44,764 42,896 42,223 41,582 39,707 39,466 40,406 40,997 43,373 43,662 41,087 41,335.3 38,958.3 38,913.3 38,729.3 37,631.5 36,003.1 36,151.1 35,905.7 35,489.8 33,746.4 33,876.2 32,677.6 34,246.4 33,220.9 32,517.4 31,645.7 30,751.7 28,433.1 28,729.5 29,928 29,219.7 29,454.9 28,391.1 17,364.1 16,089.1 17,213.2 12,203.6 11,740 9,350.3 2,722.0 2,972.9 3,010.5 2,545.9 2,756.3 2,960.5 3,157.6 1,344.0 1,431.0 1,307.5 1,005.8 923.6 905.0 802.5 697.4 701.9 245 192.8 172.8 174.8
Stockholders' Equity
Common Stock 30,838 30,700 30,242 30,127 29,927 29,793 29,343 29,110 28,831 28,663 28,244 27,980 27,843 27,555 27,272 27,003 26,610 26,340.3 26,390.3 26,268.8 26,108.6 25,766.6 26,381.9 26,321.1 26,225.4 24,692.6 24,535.1 24,450.5 24,151.9 23,802.6 23,380.4 22,794.8 22,914.5 22,718.9 22,637.2 22,788.8 22,695.5 22,327 22,127.9 0 0 0 0 0 0 0 6,057.6 2,005.4 1,676.3 1,683.1 1,655.0 1,436.8 1,210.0 1,037.5 1,158.3 1,005.0 948.0 931.3 910.2 838.4 824.1 786.3 417.7 0 0 556.9 0
Retained Earnings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 39.6 0 10 0
Accumulated Other Comprehensive Income (15) 336 264 236 285 236 303 176 143 307 203 268 241 365 373 177 240 286 (171.8) (198.7) 181 (165.2) (49.3) (147.1) 122.3 71.4 (39.1) (10.7) (94) 50.9 (307.3) (123.2) (161.2) (171.7) (306.6) (128.7) (116.2) (280) (308.7) (307) (268.5) (33.2) (54.6) (8.4) (131) (138) 167.3 148.6 56.1 39.3 21.9 19.8 8.7 10.5 9.4 0.4 (10.9) 9.4 9.2 8.5 8.3 7.9 345.3 (228) (223.6) (220.5) (214.4)
Total Stockholders' Equity 29,526 29,739 29,209 29,066 28,915 28,732 28,349 27,989 27,677 27,673 27,150 26,951 26,787 26,623 26,348 25,883 25,553 25,328.9 24,921.2 24,772.8 24,992.3 24,353.4 25,035.3 24,876.7 25,050.4 24,764 24,496 24,439.8 24,057.9 23,853.5 23,073.1 22,671.6 22,753.3 22,547.2 22,330.6 22,660.1 22,579.3 22,047 21,819.2 0 0 0 0 0 0 0 6,224.9 2,142.8 1,720.9 1,706.0 1,659.1 1,438.8 1,200.9 1,030.2 1,154.1 1,000.7 932.4 936.0 914.6 842.1 827.7 789.5 762.9 540.1 540.5 562.5 574.7
Total Liabilities & Equity 80,638 77,978 77,890 77,442 75,468 77,228 75,120 73,617 71,425 71,032 69,832 67,753 67,329 68,112 68,441 70,354 70,322 67,528.5 67,319.9 64,805.1 64,983.5 64,109.1 63,738.9 61,944.5 62,265.3 61,733.2 61,015.3 58,721.8 58,397.5 56,969.8 57,752.2 56,311.4 55,482.3 54,418.1 53,300.6 51,313.3 51,529.5 52,194 51,258.4 29,454.9 28,391.1 17,364.1 16,089.1 17,213.2 12,203.6 11,740 16,006.0 4,953.6 4,782.3 4,802.8 4,277.3 4,266.4 4,230.3 4,255.0 2,510.0 2,442.0 2,249.6 1,951.4 1,847.5 1,755.7 1,638.7 1,495 1,472.6 790.5 738.9 741 752.6
Debt Metrics
Total Debt 34,424 34,926 34,369 33,179 32,045 32,262 32,350 30,799 29,850 29,071 29,327 28,647 28,588 28,636 29,202 28,781 29,518 29,874 29,532.1 28,547.5 28,659.3 30,186.5 29,862 29,610.2 29,605.9 27,796.7 27,939.2 26,885 26,876.2 26,178.2 25,914 25,688.9 25,393.2 24,568.7 24,719.9 23,381.3 23,423 23,697.7 23,959.3 22,797.5 22,755.7 12,671.5 11,090.7 12,427.9 9,405.7 9,307.3 6,772.0 1,767.3 2,210.9 2,139.5 1,874.6 2,001.6 2,246.5 2,528.5 855.4 855.6 855.8 403.8 454 404 404 295 390 145 110 90 124.3
Net Debt 34,030 33,681 33,937 32,309 31,825 31,679 30,916 30,661 29,567 28,891 29,156 28,464 28,512 28,560 29,035 28,550 29,287 27,054 27,318.6 28,143 28,429.9 29,126.6 28,829.8 28,311.7 27,580.2 27,462 26,731.4 26,777.7 26,776.9 25,833.4 25,883.8 25,631 25,291.1 24,563.6 24,687 23,352.7 23,360.6 23,634.6 23,902.2 22,684 22,595.1 12,177 10,955.8 12,372.6 9,340.7 9,265.8 6,728.1 1,704.8 2,158.1 2,095.2 1,834.1 1,960.3 2,223.9 2,466.5 788.4 732.3 476.4 343.4 412.6 316.9 353.9 289.8 368.4 141 105.3 65.9 113.3
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 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
Operating Activities
Net Income 1,483 1,660 1,368 1,454 1,394 1,620 1,501 1,393 1,457 1,602 1,307 1,243 1,422 1,452 1,392 1,440 1,331 1,146.9 1,144.7 1,146 1,330.3 365.9 1,084 1,027.2 1,340.2 1,125.4 1,044.8 1,236.5 1,280.4 1,305.2 1,334.6 687.2 911.5 797.3 621.3 666 771 669.7 643.1 570 670.2 131.2 70.7 109.3 33.1 58.5 34.2 (3.3) 33.1 40.5 55.5 34.9 22.3 (17.2) 21.9 75.0 93.0 55.2 50.3 45.6 69.4 54.3 36.4 19.1 10.5 12.5 (17.6)
Depreciation & Amortization 613 603 496 571 653 655 552 622 626 548 602 579 500 506 499 580 564 558 537.2 544 531.7 526.8 523.2 532.5 519 492.6 493.6 488.6 474.5 431.1 457 447.9 425.9 422.6 412.6 406.5 402.3 396.7 391.9 381.3 382.1 104.8 102.7 101.4 32.9 31.4 32.4 28.6 28.2 39.3 32.0 27.6 17.4 17.9 14.7 14.0 12.5 13.1 9.6 9.3 9.0 8 7.5 4.9 4.9 4.4 5.4
Stock-Based Compensation 0 0 (49) 0 49 0 44 45 56 43 43 0 0 37 40 41 39 36 36 0 0 0 39.5 0 0 0 0 38.5 0 0 0 27 0 0 24.6 25.1 0 22.7 22.3 21.8 22.4 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
Change in Working Capital (861) 45 (153) (50) 203 57 (36) (491) (36) 151 (303) 36 (439) 628 (900) 27 191 319.6 647.9 300.2 97.7 (75.5) (603) (430.7) 341.7 (48.4) (77) 227.8 (559.8) 278.1 (33.4) (25.4) (203.1) 544.3 (594.2) 370.9 (288.8) 308.8 (195.1) (108.2) (186.4) (17.9) (237.4) (58.9) 11.4 (62.6) 116.9 45.0 (91.6) 50.5 64.7 60.3 15.8 (48.2) 79.2 (85.8) (14.2) 100.9 (84.0) 51.4 2.6 59 (34.3) 29.5 (23.2) 75.6 74
Other Non-Cash Items 220 117 93 81 4 26 2 0 (1) 15 63 55 97 66 11 24 11 58 (4.5) 3.7 77.4 781.3 54.1 (0.8) (4.6) 115.6 181.1 29.5 (36.5) (175.5) (158.6) 316.4 100.4 77.2 20.3 2.5 (9) 19.5 (49.4) 80.4 7.3 6.8 (0.3) 26.5 (0.3) 0.6 6.3 26.5 19.0 18.6 5.8 2.2 (0.4) 37.5 42.8 30.9 (49.4) 13.6 7.2 (5.7) (4.1) (2.6) 26.3 (59.6) 28.1 (68.9) (86.6)
Operating Cash Flow 1,469 2,472 1,738 2,061 2,314 2,358 2,072 1,574 2,111 2,366 1,725 1,902 1,583 2,725 1,050 2,119 2,145 2,125.2 2,370.3 1,993.9 2,041.7 1,599.9 1,097.8 1,181.6 2,012.2 1,694.3 1,642.5 2,023.3 1,160.4 1,851 1,577.5 1,464.2 1,233.6 1,846.4 485 1,459.3 875.6 1,407.8 813.8 945.5 899.7 226.8 (62.2) 180.0 78.3 29.6 196.1 95.5 (18.5) 151.5 159.7 124.9 55.2 (10.0) 158.6 34.2 41.9 182.8 0.2 100.6 77.0 118.7 35.9 (6.1) 20.3 23.6 (24.8)
Investing Activities
Capital Expenditure (983) (1,301) (1,958) (1,299) (1,062) (1,059) (1,174) (1,264) (1,047) (1,012) (821) (780) (653) (761) (472) (382) (349) (417.5) (504.5) (622.2) (679) (616.3) (695.7) (896.4) (1,079.5) (1,229.6) (1,041.3) (1,111.9) (1,148.9) (1,219) (1,083.1) (974.6) (946.5) (993.5) (1,011.7) (696.7) (446) (581.2) (563.5) (873.2) (1,007.2) (192.1) (260.5) (175.2) (12.9) (15.0) (47.9) (43.5) (30.7) (23.8) (27.2) (20.2) (9.6) (17.1) (57.3) (35.6) (31.8) (43.8) (45.9) (42.8) (111.4) (218.7) (8.1) (0.8) (1.7) (1.2) 0.2
Acquisitions 0 (1) 0 0 0 (949) 5 4 (398) 35 1 0 0 1 (1) 0 (3,204) (0.8) 7.8 0 6.2 (5.7) (2.6) (4) (3.3) (11.5) (40.2) (30.8) (29.1) (18.5) (50.1) (7.9) (187.7) (17.7) (16) (185.8) (29.7) (18.9) (1,027.5) (22) (70.4) (144.0) (30.6) (150.5) 0 0 (11.1) 6.4 (3.9) (28.8) (5.4) (1,220.5) (26.1) (368.6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 2 (2) 0 0 0 (1) 0 0 (0.8) 0 0 (1.3) 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 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0
Other Investing Activities 602 67 23 25 15 8 17 17 407 (2) (3) 15 16 115 32 46 21 5.2 3.9 50.5 (1.5) 65.5 64.6 41.6 11.1 38.4 (4.8) 30.7 3.5 138.7 40 12 15.1 (258.7) (9) 37.2 341.5 (48.6) 133.9 (179.5) (86.3) 24.7 85.7 (39.3) (46.0) (0.8) (444.5) (4.3) (4.5) (20.5) 1.7 (5.0) 0.6 (10.7) 3.6 (4.6) (227.9) (29.2) (13.5) 13.3 4.5 209.3 (216.1) (6.5) (22.6) (0.7) (35.7)
Investing Cash Flow (381) (1,235) (1,935) (1,274) (1,047) (2,000) (1,152) (1,243) (1,038) (977) (825) (765) (637) (645) (441) (336) (3,532) (413.1) (492.8) (572) (675.6) (556.5) (633.7) (858.8) (1,071.7) (1,202.7) (1,086.3) (1,112) (1,174.5) (1,098.8) (1,093.2) (970.5) (1,119.1) (1,269.9) (1,036.7) (845.3) (134.2) (648.7) (1,457.1) (1,074.7) (1,163.9) (311.4) (205.5) (365.0) (58.9) (15.8) (503.5) (41.3) (39.1) (73.1) (30.9) (1,245.8) (35.2) (396.5) (53.6) (40.1) (259.6) (72.9) (59.4) (29.5) (107.0) (9.4) (224.2) (7.3) (24.3) (1.9) (35.5)
Financing Activities
Net Debt Issuance (489) 825 836 1,165 (320) (16) 1,589 900 696 (171) 266 54 303 (909) 414 (740) (20) (0.5) 992 (115) (1,210) (0.5) 260.3 (3.8) 2,005.2 (318.2) 1,073.5 7.6 693.2 287.4 214.8 290.3 839.1 (161.5) 1,348.7 (50.1) (281.4) (266) 1,158.7 45.4 203.2 251 390.1 (118.8) (427) 65 257.8 7.2 (120.3) (251.5) (265.5) 1,228.5 5 363 0 0.0 3.1 (649) 50.2 (0.2) 109 (95) 235.1 35 20 14.1 0
Stock Repurchased (116) (50) (80) (110) (60) (63) (76) (40) (40) (96) 0 (75) (17) (143) (72) (35) 0 (125.1) (75) 0 (14) (12.5) (33.7) 0 (140.1) 0 0 (29.5) (51.6) (30.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.7) (9.1) (2.0) (9.2) 0 0 (0.3) 0 0 0 0 0 0 0 0 243.3
Dividends Paid (1,189) (1,179) (1,180) (1,160) (1,159) (1,138) (1,139) (1,118) (1,117) (1,086) (1,086) (1,065) (1,064) (1,034) (1,035) (1,014) (1,012) (981.9) (983.5) (983.3) (981.7) (971.4) (972.7) (972.7) (974.2) (968.7) (963.2) (957.5) (950.4) (944) (935.6) (928.8) (918.5) (909.5) (902.6) (888.8) (869) (852.2) (837.8) (822.2) (788.3) (183.7) (184.7) (166.0) (91.0) (92.0) (87.4) (82.3) (76.7) (71.7) (65.9) (52.3) (52.2) (47.9) (47.7) (41.4) (38.4) (36.6) (36.1) (34.2) (34.2) (29.6) (29) (22.5) (30.7) 0 0
Other Financing Activities (145) (20) (43) (40) (112) 24 (55) (23) (548) (30) (43) (50) (98) (43) (58) (50) (93) 2 (63.9) (47.3) 15.9 (31) (56) (25.3) (125.8) (2.5) 434 28.4 (22.4) (22.8) (14.3) 186.7 (66.8) (18.8) (10.1) (17.3) (40.5) (7.3) (16.1) (17.9) (20.6) 5.0 14.7 0.6 104.6 (1.0) (7.7) 14.9 (12.5) (7.4) (18.9) (1.8) 9.1 (8.7) 3.3 (10.5) (10.4) (4.0) 2.3 0.2 0.0 (1.2) 0 0.1 (4.7) (37.7) 62.2
Financing Cash Flow (1,939) (424) (467) (145) (1,651) (1,193) 319 (281) (1,009) (1,383) (863) (1,136) (876) (2,129) (751) (1,839) (1,125) (1,105.5) (130.4) (1,145.6) (2,189.8) (1,016.4) (769.6) (1,001.8) 765.1 (1,289.4) 544.3 (911.5) (288.5) (621.2) (546.7) (367.8) 30.8 (893.6) 556 (647.8) (742.1) (753.1) 586.9 82.1 405.8 84.3 243.0 218.1 (24.7) 0.5 297.6 (33.0) 44.0 (59.7) (169.6) 1,172.7 (47.1) 304.4 (30.9) (52.0) (45.7) (90.9) 16.4 (34.1) 74.9 (125.8) 206.1 12.6 (15.4) (23.6) 62.2
Cash Position
Net Change in Cash (851) 813 (664) 642 (384) (835) 1,239 50 64 6 37 1 70 (49) (142) (56) (2,512) 606.6 1,747.1 276.6 (823.7) 27 (305.5) (679) 1,705.6 (797.8) 1,100.5 (0.2) (302.6) 131 (62.4) 125.9 145.3 37.4 4.3 (33.8) (0.7) 6 (56.4) (47.1) 141.6 (0.4) (24.7) 33.2 (5.4) 14.3 (9.8) 21.3 (3.6) 8.8 (40.9) 51.8 (27.1) (102.0) 74.0 (57.9) (263.5) 19.0 (45.7) 37.0 44.9 (16.4) 206.1 12.6 (15.4) (23.6) 1.9
Cash at Beginning 1,245 432 1,096 454 838 1,673 434 384 320 314 277 276 206 255 397 453 2,965 2,358.1 611 334.4 1,158.1 1,131.1 1,436.6 2,115.6 410 1,207.8 107.3 107.5 410.1 279.1 341.5 215.6 70.3 32.9 28.6 62.4 63.1 57.1 113.5 160.6 19 33.0 57.7 24.6 44.8 30.5 40.2 19.0 22.6 13.8 54.7 2.9 30.0 132.1 58.0 116.0 379.4 41.4 87.1 50.1 5.2 21.6 (184.5) 0 24.1 0 15
Cash at End 394 1,245 432 1,096 454 838 1,673 434 384 320 314 277 276 206 255 397 453 2,964.7 2,358.1 611 334.4 1,158.1 1,131.1 1,436.6 2,115.6 410 1,207.8 107.3 107.5 410.1 279.1 341.5 215.6 70.3 32.9 28.6 62.4 63.1 57.1 113.5 160.6 32.7 33.0 57.7 39.4 44.8 30.5 40.2 19.0 22.6 13.8 54.7 2.9 30.0 132.1 58.0 116.0 60.4 41.4 87.1 50.1 5.2 21.6 12.6 8.7 (23.6) 16.9
Free Cash Flow 486 1,171 (220) 762 1,252 1,299 898 310 1,064 1,354 904 1,122 930 1,964 578 1,737 1,796 1,707.7 1,865.8 1,371.7 1,362.7 983.6 402.1 285.2 932.7 464.7 601.2 911.4 11.5 632 494.4 489.6 287.1 852.9 (526.7) 762.6 429.6 826.6 250.3 72.3 (107.5) 34.7 (322.7) 4.8 65.3 14.6 148.2 52.1 (49.2) 127.7 132.5 104.7 45.5 (27.1) 101.3 (1.4) 10.1 139.1 (45.7) 57.8 (34.4) (100) 27.8 (6.9) 18.6 22.4 (24.6)
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 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 14,386 13,793 12,023 11,363 15,417 14,201 13,775 13,483 14,760 14,622 11,998 10,651 12,444 13,650 15,468 16,060 13,008 11,370 10,832 9,450 9,155 7,044.2 6,922 5,751 7,482.5 8,005.3 7,964.1 8,276.3 8,543.5 9,182.3 9,585.9 8,467.5 9,298.5 8,426.6 6,886.9 6,607.6 7,320.4 6,478.8 5,920.4 5,617.8 5,005.3 6,155 6,307.9 7,092.5 7,472.5 10,190.3 12,330.2 12,520.8 12,909.9 13,101.3 12,093.3 11,149.3 11,383.1 11,072.1 10,468.7 9,789.8 11,252.5 11,585.7 11,327.1 11,216.5 10,183.7 9,583.6 8,067.8 7,543.4 8,544.5 13,983.8 4,596.1 3,507.9 3,423.1 3,583.6 6,297.9 6,339.6 5,684.5 5,302.5 4,112.0 4,212.8 3,322.9 3,350.5 3,872.5 3,517.9 3,250.1 3,780.4 3,249.3 2,671.8 2,555.5 2,862.7 2,040.3 1,713.3 1,704.9 1,419.4 1,210.7 1,170.9 793.3 643.3 968.4 838.3 992.7 717.1 592.9 746.3
Gross Profit 1,883 2,001 1,657 1,771 1,737 1,924 1,769 1,725 1,806 1,856 1,643 1,517 1,700 1,691 1,685 1,724 1,625 1,426 1,452 1,401 1,668 1,470.7 1,427.8 1,392.4 1,423.8 1,337.6 1,429.8 1,482.4 1,528.6 1,587 1,588.6 931.4 1,076.7 1,026.9 816.8 890.5 998.4 885.9 861.5 809 860.1 936.3 882.1 814 889.4 920 921.1 885.4 943.2 956.8 835 809.2 964.9 846.5 852 780.3 785.3 942.2 722.5 683.2 646.6 540.5 607.7 569.2 572.6 813.7 375.9 373.7 381.8 365.7 326.0 379.7 373.3 275.0 215.6 252.1 198.4 216.7 287.7 194.3 203.2 193.3 203.9 141.6 171.9 184.8 88.7 60.0 83.4 72.1 76.6 67.0 47.7 45.5 116.8 71.4 83.0 67.7 55.9 82.4
Operating Income 1,819 1,939 1,686 1,703 1,761 1,971 1,780 1,765 1,822 1,921 1,695 1,579 1,734 1,765 1,712 1,764 1,666 1,403 1,513 1,492 1,695 708.2 1,382.5 1,436.9 1,507.5 1,418 1,474.2 1,560.3 1,626.2 1,640.4 1,643.3 986.4 1,138.5 1,079.4 879.2 938.7 1,031.6 923.2 905 836.9 915.6 934.5 909.4 800.3 896 921 937.7 884.3 1,032.7 915.5 819.9 763.7 915.4 806.4 810.6 749.1 748.9 909.2 681.1 632.8 624.9 479 543.2 539.7 551 759 364.5 373.3 482.8 353.1 319.1 374.3 366.7 269.7 210.8 214.6 187.9 206.3 274.2 186.0 193.5 177.6 194.4 125.5 165.5 175.3 93.2 66.0 88.8 66.1 66.3 87.4 40.0 36.8 109.1 54.4 61.6 51.1 38.9 68.0
Net Income 1,483 1,644 1,327 1,436 1,394 1,623 1,417 1,405 1,457 1,571 1,318 1,253 1,390 1,420 1,361 1,412 1,297 1,029 1,154 1,113 1,342 338.2 1,052.6 1,034.7 1,350.1 1,096.9 1,019.2 1,214.7 1,260.5 1,284.7 1,313.2 673.8 900.7 774 610.9 653.7 760.7 658.8 634.6 558.5 661.2 684.8 649.3 551 636.1 659.8 691.1 637.7 798.8 698.9 592 552.5 753.5 615.5 586.8 566.3 651.3 721.1 471.4 433.7 420.7 (786.1) 37 54.1 377.8 406.1 212.9 186.6 225.3 228.1 203.1 263.3 259.6 161.9 117.6 142.2 112.0 132.8 208.3 126.3 133.8 108.4 131.2 70.7 109.3 115.4 57.2 33.1 62.5 42.7 33.1 55.5 22.3 21.9 93.0 52.3 55.2 50.3 45.6 69.4
EPS (Diluted) 0.68 0.75 0.61 0.66 0.64 0.73 0.65 0.63 0.66 0.71 0.60 0.57 0.63 0.65 0.62 0.64 0.59 0.47 0.52 0.50 0.61 0.15 0.48 0.47 0.61 0.50 0.46 0.55 0.57 0.59 0.60 0.31 0.41 0.36 0.28 0.30 0.36 0.31 0.30 0.27 0.32 0.34 0.32 0.28 0.32 0.34 0.37 0.34 0.43 0.37 0.32 0.30 0.41 0.34 0.33 0.32 0.37 0.44 0.28 0.26 0.25 -0.62 0.03 0.04 0.25 0.44 0.18 0.16 0.21 0.26 0.19 0.26 0.26 0.15 0.10 0.13 0.10 0.14 0.22 0.13 0.14 0.12 0.14 0.07 0.13 0.20 0.10 0.06 0.13 0.10 0.07 0.21 0.06 0.11 0.50 0.28 0.30 0.27 0.25 0.38
Balance Sheet
Cash & Equivalents 394 1,245 432 870 220 583 1,434 138 283 180 171 183 76 76 167 231 231 2,820 2,213.5 404.5 229.4 1,059.9 1,032.2 1,298.5 2,025.7 334.7 1,207.8 107.3 99.3 344.8 30.2 57.9 102.1 5.1 32.9 28.6 62.4 63.1 57.1 113.5 160.6 494.5 134.9 55.3 65 41.5 43.9 62.6 52.8 44.3 40.5 41.3 22.6 62.0 67.1 123.3 379.4 60.4 41.4 87.1 50.1 5.2 21.6 4 4.7 24.1 11
Total Assets 80,638 77,902 77,822 77,442 75,406 77,168 75,062 73,561 71,373 70,982 69,804 67,729 67,325 68,108 68,437 70,350 70,319 67,526 67,319.9 64,805.1 64,983.5 64,106.7 63,736.2 61,944.5 62,265.3 61,733.2 61,015.3 58,721.8 58,397.5 56,969.8 57,752.2 56,311.4 55,482.3 54,418.1 53,300.6 51,313.3 51,529.5 52,194 51,258.4 51,400.8 49,737.4 28,289.5 26,501.1 27,686.3 19,022.5 18,435.3 16,006.0 4,953.6 4,782.3 4,802.8 4,277.3 4,266.4 4,230.3 4,255.0 2,510.0 2,442.0 2,249.6 1,951.4 1,847.5 1,755.7 1,638.7 1,495 1,472.6 790.5 738.9 741 752.6
Total Debt 34,424 34,926 34,369 33,179 32,045 32,262 32,350 30,799 29,850 29,071 29,327 28,647 28,588 28,636 29,202 28,781 29,518 29,874 29,532.1 28,547.5 28,659.3 30,186.5 29,862 29,610.2 29,605.9 27,796.7 27,939.2 26,885 26,876.2 26,178.2 25,914 25,688.9 25,393.2 24,568.7 24,719.9 23,381.3 23,423 23,697.7 23,959.3 22,797.5 22,755.7 12,671.5 11,090.7 12,427.9 9,405.7 9,307.3 6,772.0 1,767.3 2,210.9 2,139.5 1,874.6 2,001.6 2,246.5 2,528.5 855.4 855.6 855.8 403.8 454 404 404 295 390 145 110 90 124.3
Stockholders' Equity 29,526 29,739 29,209 29,066 28,915 28,732 28,349 27,989 27,677 27,673 27,150 26,951 26,787 26,623 26,348 25,883 25,553 25,328.9 24,921.2 24,772.8 24,992.3 24,353.4 25,035.3 24,876.7 25,050.4 24,764 24,496 24,439.8 24,057.9 23,853.5 23,073.1 22,671.6 22,753.3 22,547.2 22,330.6 22,660.1 22,579.3 22,047 21,819.2 0 0 0 0 0 0 0 6,224.9 2,142.8 1,720.9 1,706.0 1,659.1 1,438.8 1,200.9 1,030.2 1,154.1 1,000.7 932.4 936.0 914.6 842.1 827.7 789.5 762.9 540.1 540.5 562.5 574.7
Cash Flow
Operating Cash Flow 1,469 2,472 1,738 2,061 2,314 2,358 2,072 1,574 2,111 2,366 1,725 1,902 1,583 2,725 1,050 2,119 2,145 2,125.2 2,370.3 1,993.9 2,041.7 1,599.9 1,097.8 1,181.6 2,012.2 1,694.3 1,642.5 2,023.3 1,160.4 1,851 1,577.5 1,464.2 1,233.6 1,846.4 485 1,459.3 875.6 1,407.8 813.8 945.5 899.7 226.8 (62.2) 180.0 78.3 29.6 196.1 95.5 (18.5) 151.5 159.7 124.9 55.2 (10.0) 158.6 34.2 41.9 182.8 0.2 100.6 77.0 118.7 35.9 (6.1) 20.3 23.6 (24.8)
Capital Expenditure (983) (1,301) (1,958) (1,299) (1,062) (1,059) (1,174) (1,264) (1,047) (1,012) (821) (780) (653) (761) (472) (382) (349) (417.5) (504.5) (622.2) (679) (616.3) (695.7) (896.4) (1,079.5) (1,229.6) (1,041.3) (1,111.9) (1,148.9) (1,219) (1,083.1) (974.6) (946.5) (993.5) (1,011.7) (696.7) (446) (581.2) (563.5) (873.2) (1,007.2) (192.1) (260.5) (175.2) (12.9) (15.0) (47.9) (43.5) (30.7) (23.8) (27.2) (20.2) (9.6) (17.1) (57.3) (35.6) (31.8) (43.8) (45.9) (42.8) (111.4) (218.7) (8.1) (0.8) (1.7) (1.2) 0.2
Free Cash Flow 486 1,171 (220) 762 1,252 1,299 898 310 1,064 1,354 904 1,122 930 1,964 578 1,737 1,796 1,707.7 1,865.8 1,371.7 1,362.7 983.6 402.1 285.2 932.7 464.7 601.2 911.4 11.5 632 494.4 489.6 287.1 852.9 (526.7) 762.6 429.6 826.6 250.3 72.3 (107.5) 34.7 (322.7) 4.8 65.3 14.6 148.2 52.1 (49.2) 127.7 132.5 104.7 45.5 (27.1) 101.3 (1.4) 10.1 139.1 (45.7) 57.8 (34.4) (100) 27.8 (6.9) 18.6 22.4 (24.6)