EQIX - Equinix, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$1,136.87
DETAILS
HIGH:
$1,250.00
LOW:
$894.00
MEDIAN:
$1,173.00
CONSENSUS:
$1,136.87
UPSIDE:
1.88%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||
| Revenue | 9,260 | 8,748 | 8,188.1 | 7,263.1 | 6,635.5 | 5,998.5 | 5,562.1 | 5,071.7 | 4,368.4 | 3,612.0 | 2,725.9 | 2,443.8 | 2,152.8 | 1,895.7 | 1,606.8 | 1,220.3 | 882.5 | 704.7 | 419.4 | 286.9 | 221.1 | 163.7 | 117.9 | 77.2 | 63.4 | 13.0 | 0.0 |
| Cost of Revenue | 4,508 | 4,467 | 4,228 | 3,751 | 3,472.4 | 3,074.3 | 2,810.2 | 2,605.5 | 2,193.1 | 1,820.9 | 1,291.5 | 1,197.9 | 1,064.4 | 944.6 | 829.0 | 652.2 | 483.4 | 414.8 | 263.7 | 188.4 | 158.4 | 136.9 | 128.1 | 104.1 | 94.9 | (10.5) | (5.2) |
| Gross Profit | 4,752 | 4,281 | 3,960 | 3,512 | 3,163.1 | 2,924.2 | 2,752.0 | 2,466.2 | 2,175.3 | 1,791.1 | 1,434.4 | 1,245.9 | 1,088.4 | 942.8 | 736.6 | 544.1 | 399.1 | 289.9 | 155.7 | 98.5 | 62.7 | 26.7 | (10.2) | (26.9) | (31.5) | 23.5 | 5.2 |
| 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 |
| SG&A Expenses | 2,746 | 2,657 | 2,509 | 2,286 | 2,043.0 | 1,809.3 | 1,586.1 | 1,460.4 | 1,327.6 | 1,133.3 | 825.3 | 734.1 | 621.4 | 531.2 | 423.9 | 331.4 | 218.9 | 213.5 | 146.5 | 104.7 | 65.7 | 51.1 | 53.8 | 45.9 | 75.2 | 77.5 | 16.7 |
| Other Expenses | 158 | 296 | 8 | 26 | 11.9 | 61.9 | (3.7) | 28.4 | 38.6 | 39.1 | 41.7 | 2.5 | 6.0 | 18.7 | 6.8 | 19.1 | (0.9) | 3.1 | (0.9) | (8.1) | 33.8 | 17.7 | 0 | 28.9 | 48.6 | 53.2 | 8.2 |
| Operating Expenses | 2,904 | 2,953 | 2,517 | 2,312 | 2,055.0 | 1,871.3 | 1,582.3 | 1,488.8 | 1,366.3 | 1,172.4 | 867.0 | 736.6 | 627.4 | 549.9 | 430.7 | 350.5 | 218.0 | 216.6 | 145.6 | 96.6 | 99.5 | 68.8 | 53.8 | 74.8 | 123.8 | 130.6 | 25.0 |
| Operating Income | |||||||||||||||||||||||||||
| Operating Income | 1,848 | 1,328 | 1,443 | 1,200 | 1,108.2 | 1,052.9 | 1,169.6 | 977.4 | 809.0 | 618.7 | 567.3 | 509.3 | 460.9 | 392.9 | 305.9 | 193.6 | 181.1 | 73.3 | 10.1 | 1.9 | (36.8) | (42.1) | (64.0) | (101.7) | (155.3) | (107.1) | (19.8) |
| Interest Expense | 569 | 457 | 402 | 356 | 336.1 | 406.5 | 479.7 | 521.5 | 478.7 | 392.2 | 299.1 | 270.6 | 248.8 | 200.3 | 181.3 | 140.5 | 74.2 | 61.7 | 27.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 193 | 137 | 94 | 36 | 2.6 | 8.7 | 27.7 | 14.5 | 13.1 | 3.5 | 3.6 | 2.9 | 3.4 | 3.5 | 2.3 | 1.5 | 2.4 | 8.9 | 15.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||
| EBITDA | 4,072 | 3,441 | 3,371 | 2,922 | 2,601.3 | 2,346.1 | 2,457.1 | 2,182.0 | 1,808.0 | 1,389.2 | 1,035.6 | 837.0 | 793.5 | 787.5 | 658.7 | 449.4 | 356.8 | 241.0 | 122.7 | 76.2 | 72.0 | 41.8 | 10.4 | (5.9) | (30.8) | (54.0) | (11.5) |
| EBIT | 2,006 | 1,432 | 1,526 | 1,185 | 945.0 | 922.7 | 1,172.3 | 954.5 | 765.5 | 552.0 | 510.1 | 355.3 | 361.1 | 388.9 | 311.0 | 189.2 | 183.3 | 82.0 | 22.6 | 3.4 | (3.0) | (24.4) | (64.0) | (72.8) | (106.7) | (107.1) | (19.8) |
| Income Before Tax | 1,508 | 975 | 1,124 | 829 | 609.0 | 516.2 | 692.6 | 433.0 | 286.8 | 159.9 | 211.0 | 84.7 | 112.3 | 188.6 | 129.7 | 48.8 | 109.0 | 20.3 | (4.7) | (6.3) | (42.1) | (68.5) | (84.2) | (21.6) | 0 | 0 | 0 |
| Income Tax Expense | 160 | 161 | 155 | 124 | 109.2 | 146.2 | 185.4 | 67.7 | 53.9 | 45.5 | 23.2 | 345.5 | 16.2 | 58.6 | 37.3 | 12.6 | 39.6 | (87.6) | 0.5 | 0.4 | 0.5 | 0.2 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 1,350 | 815 | 969.2 | 704.3 | 500.2 | 369.8 | 507.4 | 365.4 | 233.0 | 126.8 | 187.8 | (259.5) | 94.7 | 144.7 | 94.0 | 36.9 | 69.4 | 131.5 | (5.2) | (6.4) | (42.6) | (68.6) | (84.2) | (21.6) | (188.4) | (119.8) | (20.8) |
| Per Share Data | |||||||||||||||||||||||||||
| EPS (Basic) | 13.79 | 8.54 | 10.35 | 7.69 | 5.57 | 4.22 | 6.03 | 4.58 | 3.03 | 1.81 | 3.25 | -4.96 | 1.92 | 2.92 | 1.77 | 0.84 | 1.80 | 2.91 | -0.16 | -0.22 | -1.78 | -3.87 | -8.76 | -7.23 | -76.62 | -111.06 | -159.18 |
| EPS (Diluted) | 13.76 | 8.50 | 10.31 | 7.67 | 5.53 | 4.18 | 5.99 | 4.56 | 3.00 | 1.79 | 3.21 | -4.96 | 1.89 | 2.83 | 1.74 | 0.82 | 1.75 | 2.79 | -0.16 | -0.22 | -1.78 | -3.87 | -8.76 | -7.23 | -76.62 | -91.35 | -159.18 |
| Shares Outstanding | 97.9 | 95.5 | 93.6 | 91.6 | 89.8 | 87.7 | 84.1 | 79.8 | 76.9 | 70.1 | 57.8 | 52.4 | 49.4 | 48.0 | 47.0 | 43.7 | 38.5 | 37.1 | 32.1 | 28.6 | 24.0 | 17.7 | 9.6 | 3.0 | 2.5 | 1.1 | 0.1 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||
| Cash & Cash Equivalents | 1,727 | 3,081 | 2,096 | 1,906.4 | 1,536.4 | 1,604.9 | 1,869.6 | 606.2 | 1,412.5 | 748.5 | 2,228.8 | 610.9 | 261.9 | 252.2 | 278.8 | 442.8 | 346.1 | 220.2 | 290.6 | 82.6 | 119.3 | 25.9 | 26.9 | 41.2 | 58.8 | 174.8 | 203.2 |
| Short-Term Investments | 1,500 | 527 | 0 | 0 | 0 | 4.5 | 10.4 | 4.5 | 28.3 | 3.4 | 12.9 | 529.4 | 369.8 | 166.5 | 635.7 | 147.2 | 248.5 | 42.1 | 63.3 | 48.8 | 52.1 | 64.5 | 46.1 | 0 | 28.9 | 32.4 | 19.8 |
| Net Receivables | 1,001 | 1,380 | 1,303 | 1,115.1 | 934.5 | 676.7 | 735.5 | 750.8 | 695.1 | 545.1 | 327.9 | 282.0 | 210.6 | 176.1 | 166.4 | 116.4 | 64.8 | 71.1 | 63.5 | 26.9 | 17.2 | 11.9 | 10.2 | 9.2 | 6.9 | 4.9 | 0.2 |
| 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 |
| Other Current Assets | 897 | 368 | 69 | 204.5 | 421.0 | 261.6 | 247.6 | 83.8 | 48.4 | 91.3 | 641.4 | 39.2 | 19.8 | 23.9 | 135.4 | 71.7 | 58.3 | 36.5 | 2.3 | 3.5 | 0 | 0 | 0 | 2.0 | 0.0 | 25.8 | 26.7 |
| Total Current Assets | 5,125 | 5,447 | 3,568 | 3,305.3 | 2,957.1 | 2,609.2 | 2,872.6 | 1,515.7 | 2,249.1 | 1,467.5 | 3,259.3 | 1,490.9 | 888.7 | 640.1 | 1,235.8 | 778.0 | 727.9 | 379.5 | 426.8 | 166.3 | 191.7 | 107.1 | 86.3 | 63.5 | 103.2 | 238.0 | 249.9 |
| Non-Current Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment | 24,976 | 20,668 | 20,050 | 18,077.5 | 16,728.2 | 15,978.1 | 13,628.0 | 11,026.0 | 9,394.6 | 7,199.2 | 5,606.4 | 4,998.3 | 4,591.6 | 3,915.7 | 3,225.9 | 2,651.0 | 1,808.1 | 1,492.8 | 1,162.7 | 546.4 | 438.8 | 343.4 | 343.6 | 390.0 | 325.2 | 315.4 | 46.8 |
| Goodwill | 5,984 | 5,504 | 5,737 | 5,654.2 | 5,372.1 | 5,472.6 | 4,781.9 | 4,836.4 | 4,411.8 | 2,986.1 | 1,063.2 | 1,002.1 | 1,042.2 | 1,042.6 | 866.5 | 774.4 | 381.1 | 342.8 | 442.9 | 16.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,316 | 1,417 | 1,705 | 1,897.6 | 1,935.3 | 2,170.9 | 2,102.4 | 2,333.3 | 2,385.0 | 719.2 | 224.6 | 147.5 | 184.2 | 201.6 | 148.6 | 150.9 | 51.0 | 50.9 | 67.2 | 0.5 | 21.7 | 22.0 | 21.2 | 25.0 | 0 | 0 | 0 |
| Long-Term Investments | 551 | 519 | 468 | 348.1 | 245.0 | 163.1 | 59.7 | 10 | 9.2 | 10.0 | 4.6 | 0.4 | 398.4 | 127.8 | 161.8 | 2.8 | 9.8 | 45.6 | 30.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2,189 | 1,482 | 1,061 | 983.4 | 621.2 | 546.6 | 485.2 | 465.0 | 175.7 | 164.0 | 137.5 | 97.5 | 157.3 | 117.0 | 129.7 | 73.9 | 55.1 | 57.8 | 45.9 | 41.7 | 28.8 | 29.3 | 13.5 | 13.5 | 146.6 | 130.1 | 23.3 |
| Total Non-Current Assets | 35,016 | 29,638 | 29,083 | 27,005.5 | 24,961.6 | 24,397.7 | 21,093.0 | 18,729.0 | 16,446.9 | 11,140.8 | 7,097.4 | 6,326.5 | 6,603.7 | 5,493.2 | 4,549.6 | 3,670.0 | 2,310.3 | 2,068.8 | 1,755.1 | 605.6 | 489.3 | 394.7 | 378.2 | 428.5 | 471.8 | 445.5 | 70.1 |
| Total Assets | 40,141 | 35,085 | 32,651 | 30,310.7 | 27,918.7 | 27,038.8 | 23,965.6 | 20,244.6 | 18,696.1 | 12,608.4 | 10,356.7 | 7,817.4 | 7,492.4 | 6,133.0 | 5,785.3 | 4,448.0 | 3,038.2 | 2,448.3 | 2,181.9 | 771.8 | 681.0 | 501.8 | 464.5 | 492.0 | 575.1 | 683.5 | 319.9 |
| Current Liabilities | |||||||||||||||||||||||||||
| Account Payables | 127 | 133 | 162 | 116.0 | 84.1 | 77.7 | 52.2 | 97.0 | 101.7 | 60.2 | 49.9 | 30.2 | 30.3 | 27.7 | 23.3 | 0 | 14.9 | 18.3 | 14.8 | 27.3 | 22.6 | 19.8 | 18.1 | 20.3 | 17.5 | 13.7 | 4.1 |
| Short-Term Debt | 1,316 | 1,204 | 1,006 | 9.8 | 33.1 | 232.5 | 720.8 | 374.1 | 64.5 | 67.9 | 916.4 | 59.5 | 53.5 | 52.2 | 333.8 | 20.0 | 58.9 | 71.2 | 16.6 | 4.1 | 30 | 0.7 | 14.7 | 7.6 | 7.2 | 4.4 | 4.4 |
| Deferred Revenue | 149 | 139 | 141 | 148.0 | 126.1 | 118.4 | 92.9 | 93.6 | 103.9 | 94.0 | 92.2 | 69.1 | 63.3 | 71.3 | 52.3 | 0 | 29.4 | 27.7 | 20.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 646 | 498 | 586 | 504.2 | 441.2 | 542.2 | 293.4 | 260.3 | 259.4 | 200.0 | 221.1 | 204.2 | 176.7 | 161.3 | 69.2 | 52.6 | 11.8 | 14.4 | 5.0 | 23.6 | 38.9 | 6.9 | 3.8 | 4.4 | 38.6 | 93.2 | 12.1 |
| Total Current Liabilities | 3,893 | 3,349 | 3,162 | 1,838.3 | 1,606.0 | 2,024.8 | 2,157.9 | 1,515.1 | 1,242.7 | 1,028.7 | 1,656.4 | 643.8 | 546.5 | 549.1 | 725.3 | 318.1 | 315.5 | 290.0 | 191.5 | 78.4 | 91.4 | 32.2 | 38.5 | 46.2 | 63.3 | 111.3 | 20.7 |
| Non-Current Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | 17,596 | 14,007 | 12,725 | 12,752.2 | 11,570.7 | 10,305.5 | 9,599.1 | 9,439.4 | 8,317.0 | 5,179.9 | 4,277.4 | 3,395.1 | 3,173.9 | 2,397.5 | 2,363.6 | 1,766.7 | 1,265.0 | 995.0 | 992.2 | 183.0 | 145.1 | 122.1 | 83.9 | 147.4 | 299.2 | 192.4 | 192.8 |
| Deferred Tax Liabilities | 367 | 339 | 394 | 383.4 | 340.3 | 290.4 | 247.2 | 247.8 | 252.3 | 274.3 | 100.6 | 69.2 | 69.8 | 61.3 | 118.0 | 103.7 | 25.9 | 16.5 | 26.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 446 | 271 | 248 | 254.2 | 421.6 | 657.5 | 365.2 | 372.2 | 277.3 | 244.7 | 194.8 | 153.9 | 137.1 | 130.9 | 134.5 | 125.0 | 37.0 | 37.2 | 21.8 | 62.7 | 61.2 | 39.3 | 22.0 | 14.2 | 9.0 | 4.7 | 0.8 |
| Total Non-Current Liabilities | 22,070 | 18,184 | 16,975 | 16,966.6 | 15,431.0 | 14,348.0 | 12,967.4 | 11,510.3 | 10,598.9 | 7,213.8 | 5,955.0 | 4,868.1 | 4,362.9 | 3,189.1 | 3,040.3 | 2,249.4 | 1,540.2 | 1,228.1 | 1,176.0 | 338.5 | 300.9 | 195.9 | 105.9 | 161.6 | 308.2 | 197.1 | 193.6 |
| Total Liabilities | 25,963 | 21,533 | 20,137 | 18,804.9 | 17,036.9 | 16,372.7 | 15,125.2 | 13,025.4 | 11,841.7 | 8,242.5 | 7,611.3 | 5,511.8 | 4,909.4 | 3,738.2 | 3,765.5 | 2,567.5 | 1,855.7 | 1,518.1 | 1,367.4 | 416.8 | 392.3 | 228.1 | 144.5 | 207.8 | 371.5 | 308.4 | 214.2 |
| Stockholders' Equity | |||||||||||||||||||||||||||
| Common Stock | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 |
| Retained Earnings | (6,103) | (5,593) | (4,761) | (4,352.7) | (3,904.6) | (3,359.0) | (2,777.0) | (2,441.3) | (2,340.1) | (1,951.1) | (1,576.7) | (720.4) | (36.4) | (131.1) | (255.1) | (349.1) | (386.0) | (455.4) | (558.6) | (553.4) | (547.0) | (504.4) | (435.8) | (351.6) | (330.0) | (141.6) | (21.8) |
| Accumulated Other Comprehensive Income | (1,359) | (1,735) | (1,290) | (1,389.4) | (1,085.8) | (913.4) | (934.6) | (945.7) | (785.2) | (949.1) | (509.1) | (332.4) | (113.8) | (101.0) | (143.7) | (112.0) | (97.2) | (152.8) | (3.9) | 3.9 | (3.8) | 2.0 | 0.2 | (2.2) | (10.9) | (36.4) | (13.7) |
| Total Stockholders' Equity | 14,156 | 13,528 | 12,489 | 11,506.0 | 10,882.1 | 10,634.0 | 8,840.6 | 7,219.3 | 6,849.8 | 4,365.8 | 2,745.4 | 2,270.1 | 2,459.1 | 2,313.4 | 1,952.2 | 1,880.5 | 1,182.5 | 916.7 | 814.4 | 355.0 | 288.7 | 273.7 | 320.1 | 284.2 | 203.5 | 375.1 | 105.7 |
| Total Liabilities & Equity | 40,141 | 35,085 | 32,651 | 30,310.7 | 27,918.7 | 27,006.8 | 23,965.6 | 20,244.6 | 18,691.5 | 12,608.4 | 10,356.7 | 7,782.0 | 7,492.4 | 6,135.8 | 5,785.3 | 4,448.0 | 3,038.2 | 2,434.7 | 2,181.9 | 771.8 | 681.0 | 501.8 | 464.5 | 492.0 | 575.1 | 683.5 | 319.9 |
| Debt Metrics | |||||||||||||||||||||||||||
| Total Debt | 22,726 | 18,961 | 17,454 | 16,469.6 | 14,992.5 | 13,923.3 | 13,287.3 | 11,332.5 | 10,080.4 | 6,759.6 | 6,521.0 | 4,644.0 | 4,158.7 | 3,010.7 | 3,099.1 | 2,048.6 | 1,485.0 | 1,203.7 | 1,106.1 | 279.8 | 269.7 | 157.3 | 98.6 | 155.0 | 306.4 | 196.8 | 197.2 |
| Net Debt | 20,999 | 15,880 | 15,358 | 14,563.1 | 13,456.2 | 12,318.5 | 11,417.7 | 10,726.3 | 8,667.9 | 6,011.1 | 4,292.2 | 4,033.0 | 3,896.8 | 2,758.5 | 2,820.3 | 1,605.7 | 1,138.9 | 983.5 | 815.5 | 197.3 | 150.5 | 131.3 | 71.7 | 113.8 | 247.6 | 22.1 | (6.0) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | 1,348 | 814 | 969.2 | 704.6 | 499.7 | 370.1 | 507.2 | 365.4 | 233.0 | 126.8 | 187.8 | (260.7) | 96.1 | 147.8 | 92.6 | 36.9 | 69.4 | 131.5 | (5.2) | (6.4) | (42.6) | (68.6) | (84.2) | (21.6) | (188.4) | (119.8) | (20.8) |
| Depreciation & Amortization | 2,066 | 2,009 | 1,843.7 | 1,739.4 | 1,660.5 | 1,427.0 | 1,285.3 | 1,226.7 | 1,028.9 | 837.2 | 528.9 | 484.1 | 431.0 | 401.9 | 352.7 | 260.2 | 173.5 | 158.9 | 103.3 | 72.8 | 75.0 | 66.1 | 74.4 | 66.9 | 75.9 | 53.2 | 8.2 |
| Stock-Based Compensation | 498 | 462 | 407.5 | 404.0 | 363.8 | 295.0 | 236.5 | 180.7 | 175.5 | 155.6 | 132.4 | 118.0 | 102.9 | 84.2 | 71.5 | 67.5 | 53.1 | 55.1 | 42.7 | 30.8 | 8.3 | 1.5 | 0 | 6.9 | 0 | 0 | 0 |
| Change in Working Capital | (101) | (340) | (75.3) | 26.5 | (132.7) | 32.2 | (93.3) | (44.0) | (96.3) | (133.0) | 11.2 | 167.4 | (144.5) | 37.6 | 24.9 | (23.9) | 41.4 | (90.2) | (20.5) | (17.2) | 1.0 | 0.4 | (12.4) | 10.1 | (5.4) | (2.8) | 2.6 |
| Other Non-Cash Items | 100 | 304 | 71.5 | 88.8 | 51.6 | 33.8 | 32.7 | 41.3 | 32.4 | 39.7 | 34.2 | 43.2 | 37.9 | 30.0 | 36.0 | 46.2 | (9.9) | 123.3 | 46.3 | 34.8 | 0.9 | 39.0 | 4.9 | (82.9) | 49.1 | 1.4 | 0 |
| Operating Cash Flow | 3,911 | 3,249 | 3,216.6 | 2,963.2 | 2,547.2 | 2,309.8 | 1,992.7 | 1,815.4 | 1,439.2 | 1,019.4 | 894.8 | 689.4 | 604.6 | 632.0 | 587.3 | 392.9 | 355.5 | 267.6 | 120.0 | 75.4 | 67.6 | 36.9 | (17.3) | (27.5) | (68.9) | (68.1) | (9.9) |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditure | (4,311) | (3,066) | (2,781.0) | (2,278.0) | (2,751.5) | (2,282.5) | (2,079.5) | (2,096.2) | (1,378.7) | (1,113.4) | (868.1) | (660.2) | (572.4) | (764.5) | (713.4) | (594.3) | (369.5) | (471.1) | (537.3) | (162.3) | (45.4) | (22.9) | (7.8) | (6.5) | (57.8) | (370.8) | (42.4) |
| Acquisitions | (311) | (98) | 0 | (964.0) | (158.5) | (1,180.3) | (34.1) | (829.7) | (3,963.3) | (1,766.6) | (245.6) | (16.8) | (122.8) | (233.0) | (42.0) | (113.3) | (28.2) | (23.2) | (541.8) | (9.8) | (88.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (1,967) | (520) | (135.9) | (144.6) | (107.5) | (127.8) | (20.5) | (65.2) | (57.9) | (42.3) | (359.0) | (546.0) | (969.0) | (442.9) | (1,268.6) | (744.8) | (172.7) | (240.6) | (114.3) | (88.4) | (107.9) | (220.8) | (12.5) | (14.7) | (168.4) | (115.0) | (22.8) |
| Sales/Maturities of Investments | 1,005 | 0 | 0 | 22.1 | 4.1 | 29.4 | 40.4 | 85.8 | 46.4 | 53.2 | 873.1 | 785.5 | 489.8 | 942.1 | 621.5 | 107.9 | 207.0 | 246.0 | 96.2 | 84.9 | 120.1 | 184.6 | 2.3 | 43.5 | 172.0 | 102.3 | 8.0 |
| Other Investing Activities | (900) | (253) | (307.5) | 1.6 | 6.7 | 134.2 | 149.2 | (170.3) | (47.3) | 823.5 | (535.4) | 1.6 | 5.0 | 55.4 | (96.7) | 743.5 | (194.8) | 2.2 | 42.5 | 17.1 | 13.0 | 2.2 | 2.4 | (29.9) | (98.9) | 81.3 | (29.1) |
| Investing Cash Flow | (6,484) | (3,937) | (3,224.4) | (3,363.0) | (3,006.7) | (3,427.0) | (1,944.6) | (3,075.5) | (5,400.8) | (2,045.7) | (1,134.9) | (435.8) | (1,169.3) | (442.9) | (1,499.1) | (601.0) | (558.2) | (486.7) | (1,054.7) | (158.5) | (108.7) | (56.9) | (15.6) | (7.5) | (153.0) | (302.2) | (86.3) |
| Financing Activities | |||||||||||||||||||||||||||
| Net Debt Issuance | 2,956 | 1,621 | 747.0 | 1,148.4 | 1,005.5 | (126.1) | 391.9 | 803.3 | 2,814.3 | (409.0) | 1,553.2 | 807.8 | 685.4 | (328.9) | 812.1 | 297.4 | 346.8 | 119.2 | 791.0 | 7.4 | 122.6 | 17.9 | (53.3) | (7.3) | 105.9 | (3.1) | 209.0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (298.0) | (48.8) | (13.4) | (86.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.0) | (0.0) |
| Dividends Paid | (1,856) | (1,643) | (1,374.2) | (1,151.5) | (1,042.9) | (947.9) | (836.2) | (738.6) | (621.5) | (499.5) | (521.5) | (83.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (22) | 72 | 104.9 | 63.8 | (124.3) | (153.9) | (66.7) | 18.1 | (66.4) | (22.8) | (18.1) | (348.5) | (61.7) | 119.5 | 23.3 | 12.2 | (23.2) | 25.9 | 14.1 | 0.7 | (1.0) | (5.9) | (1.0) | 23.7 | 0 | (6.0) | (0.0) |
| Financing Cash Flow | 1,272 | 1,723 | 211.4 | 856.8 | 413.8 | 815.5 | 1,202.1 | 470.9 | 4,607.9 | (897.1) | 1,873.2 | 107.4 | 574.9 | (222.7) | 748.7 | 309.7 | 323.6 | 143.7 | 1,145.0 | 46.1 | 134.6 | 19.2 | 52.3 | 16.9 | 107.8 | 339.8 | 295.2 |
| Cash Position | |||||||||||||||||||||||||||
| Net Change in Cash | (1,258) | 986 | 188.1 | 358.8 | (76.2) | (260.9) | 1,259.0 | (823.1) | 677.5 | (1,945.2) | 1,617.9 | 349.0 | 9.7 | (26.6) | (164.0) | 96.8 | 125.8 | (70.4) | 208.1 | (36.7) | 93.3 | (0.9) | 19.2 | (17.6) | (115.9) | (28.4) | 199.0 |
| Cash at Beginning | 3,082 | 2,096 | 1,908.2 | 1,549.5 | 1,625.7 | 1,886.6 | 627.6 | 1,450.7 | 773.2 | 2,718.4 | 610.9 | 261.9 | 252.2 | 278.8 | 442.8 | 346.1 | 220.2 | 290.6 | 82.6 | 119.3 | 25.9 | 26.9 | 41.2 | 58.8 | 174.8 | 203.2 | 4.2 |
| Cash at End | 1,824 | 3,082 | 2,096.3 | 1,908.2 | 1,549.5 | 1,625.7 | 1,886.6 | 627.6 | 1,450.7 | 773.2 | 2,228.8 | 610.9 | 261.9 | 252.2 | 278.8 | 442.8 | 346.1 | 220.2 | 290.6 | 82.6 | 119.3 | 25.9 | 60.4 | 41.2 | 58.8 | 174.8 | 203.2 |
| Free Cash Flow | (400) | 183 | 435.6 | 685.2 | (204.3) | 27.3 | (86.8) | (280.7) | 60.5 | (94.0) | 26.7 | 29.2 | 32.2 | (132.5) | (126.1) | (201.4) | (14.1) | (203.6) | (417.3) | (86.9) | 22.2 | 14.0 | (25.0) | (34.0) | (126.6) | (438.8) | (52.3) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||
| Revenue | 9,260 | 8,748 | 8,188.1 | 7,263.1 | 6,635.5 | 5,998.5 | 5,562.1 | 5,071.7 | 4,368.4 | 3,612.0 | 2,725.9 | 2,443.8 | 2,152.8 | 1,895.7 | 1,606.8 | 1,220.3 | 882.5 | 704.7 | 419.4 | 286.9 | 221.1 | 163.7 | 117.9 | 77.2 | 63.4 | 13.0 | 0.0 |
| Gross Profit | 4,752 | 4,281 | 3,960 | 3,512 | 3,163.1 | 2,924.2 | 2,752.0 | 2,466.2 | 2,175.3 | 1,791.1 | 1,434.4 | 1,245.9 | 1,088.4 | 942.8 | 736.6 | 544.1 | 399.1 | 289.9 | 155.7 | 98.5 | 62.7 | 26.7 | (10.2) | (26.9) | (31.5) | 23.5 | 5.2 |
| Operating Income | 1,848 | 1,328 | 1,443 | 1,200 | 1,108.2 | 1,052.9 | 1,169.6 | 977.4 | 809.0 | 618.7 | 567.3 | 509.3 | 460.9 | 392.9 | 305.9 | 193.6 | 181.1 | 73.3 | 10.1 | 1.9 | (36.8) | (42.1) | (64.0) | (101.7) | (155.3) | (107.1) | (19.8) |
| Net Income | 1,350 | 815 | 969.2 | 704.3 | 500.2 | 369.8 | 507.4 | 365.4 | 233.0 | 126.8 | 187.8 | (259.5) | 94.7 | 144.7 | 94.0 | 36.9 | 69.4 | 131.5 | (5.2) | (6.4) | (42.6) | (68.6) | (84.2) | (21.6) | (188.4) | (119.8) | (20.8) |
| EPS (Diluted) | 13.76 | 8.50 | 10.31 | 7.67 | 5.53 | 4.18 | 5.99 | 4.56 | 3.00 | 1.79 | 3.21 | -4.96 | 1.89 | 2.83 | 1.74 | 0.82 | 1.75 | 2.79 | -0.16 | -0.22 | -1.78 | -3.87 | -8.76 | -7.23 | -76.62 | -91.35 | -159.18 |
| Balance Sheet | |||||||||||||||||||||||||||
| Cash & Equivalents | 1,727 | 3,081 | 2,096 | 1,906.4 | 1,536.4 | 1,604.9 | 1,869.6 | 606.2 | 1,412.5 | 748.5 | 2,228.8 | 610.9 | 261.9 | 252.2 | 278.8 | 442.8 | 346.1 | 220.2 | 290.6 | 82.6 | 119.3 | 25.9 | 26.9 | 41.2 | 58.8 | 174.8 | 203.2 |
| Total Assets | 40,141 | 35,085 | 32,651 | 30,310.7 | 27,918.7 | 27,038.8 | 23,965.6 | 20,244.6 | 18,696.1 | 12,608.4 | 10,356.7 | 7,817.4 | 7,492.4 | 6,133.0 | 5,785.3 | 4,448.0 | 3,038.2 | 2,448.3 | 2,181.9 | 771.8 | 681.0 | 501.8 | 464.5 | 492.0 | 575.1 | 683.5 | 319.9 |
| Total Debt | 22,726 | 18,961 | 17,454 | 16,469.6 | 14,992.5 | 13,923.3 | 13,287.3 | 11,332.5 | 10,080.4 | 6,759.6 | 6,521.0 | 4,644.0 | 4,158.7 | 3,010.7 | 3,099.1 | 2,048.6 | 1,485.0 | 1,203.7 | 1,106.1 | 279.8 | 269.7 | 157.3 | 98.6 | 155.0 | 306.4 | 196.8 | 197.2 |
| Stockholders' Equity | 14,156 | 13,528 | 12,489 | 11,506.0 | 10,882.1 | 10,634.0 | 8,840.6 | 7,219.3 | 6,849.8 | 4,365.8 | 2,745.4 | 2,270.1 | 2,459.1 | 2,313.4 | 1,952.2 | 1,880.5 | 1,182.5 | 916.7 | 814.4 | 355.0 | 288.7 | 273.7 | 320.1 | 284.2 | 203.5 | 375.1 | 105.7 |
| Cash Flow | |||||||||||||||||||||||||||
| Operating Cash Flow | 3,911 | 3,249 | 3,216.6 | 2,963.2 | 2,547.2 | 2,309.8 | 1,992.7 | 1,815.4 | 1,439.2 | 1,019.4 | 894.8 | 689.4 | 604.6 | 632.0 | 587.3 | 392.9 | 355.5 | 267.6 | 120.0 | 75.4 | 67.6 | 36.9 | (17.3) | (27.5) | (68.9) | (68.1) | (9.9) |
| Capital Expenditure | (4,311) | (3,066) | (2,781.0) | (2,278.0) | (2,751.5) | (2,282.5) | (2,079.5) | (2,096.2) | (1,378.7) | (1,113.4) | (868.1) | (660.2) | (572.4) | (764.5) | (713.4) | (594.3) | (369.5) | (471.1) | (537.3) | (162.3) | (45.4) | (22.9) | (7.8) | (6.5) | (57.8) | (370.8) | (42.4) |
| Free Cash Flow | (400) | 183 | 435.6 | 685.2 | (204.3) | 27.3 | (86.8) | (280.7) | 60.5 | (94.0) | 26.7 | 29.2 | 32.2 | (132.5) | (126.1) | (201.4) | (14.1) | (203.6) | (417.3) | (86.9) | 22.2 | 14.0 | (25.0) | (34.0) | (126.6) | (438.8) | (52.3) |