EQR - Equity Residential
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$71.56
DETAILS
HIGH:
$78.50
LOW:
$63.00
MEDIAN:
$71.50
CONSENSUS:
$71.56
UPSIDE:
8.10%
| 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 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 3,101.1 | 2,980.1 | 2,874.0 | 2,735.2 | 2,464.0 | 2,571.7 | 2,700.7 | 2,577.7 | 2,471.4 | 2,425.8 | 2,745.0 | 2,614.7 | 2,387.7 | 1,747.5 | 1,985.1 | 1,992.2 | 1,944.9 | 2,103.2 | 2,038.1 | 1,990.4 | 1,954.9 | 1,753.8 | 1,823.3 | 1,994.1 | 2,170.6 | 2,030.3 | 1,508.6 | 1,337.4 | 747.3 | 478.4 | 412.5 | 231 | 113.9 |
| Cost of Revenue | 1,664.7 | 1,094.6 | 1,046.5 | 982.6 | 948.8 | 916.4 | 908.3 | 879.6 | 826.3 | 806.2 | 905.2 | 883.6 | 834.2 | 625.5 | 1,372.5 | 1,462.8 | 1,362.6 | 1,435.2 | 1,421.6 | 1,394.8 | 1,371.2 | 1,008.9 | 197.0 | 199.3 | 723.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 1,436.3 | 1,885.5 | 1,827.5 | 1,752.6 | 1,515.2 | 1,655.3 | 1,792.4 | 1,698.0 | 1,645.1 | 1,619.6 | 1,839.8 | 1,731.2 | 1,553.5 | 1,122.0 | 612.6 | 529.4 | 582.3 | 668.0 | 616.5 | 595.6 | 583.7 | 744.9 | 1,626.3 | 1,794.7 | 1,447.4 | 2,030.3 | 1,753.1 | 1,337.4 | 747.3 | 478.4 | 412.5 | 231 | 113.9 |
| 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 |
| SG&A Expenses | 51.5 | 61.7 | 60.7 | 58.7 | 56.5 | 48.3 | 52.8 | 53.8 | 52.2 | 57.8 | 64.7 | 50.7 | 62.2 | 47.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38.8 | 46.5 | 35.4 | 26.4 | 22.3 | 21.7 | 15.1 | 9.9 | 8.1 | 6.1 | 5.7 |
| Other Expenses | 258.4 | 0 | 0 | 0 | (217.1) | 289.0 | 383.4 | 529.6 | 588.4 | 705.6 | 765.9 | 758.9 | 979.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,234.9 | 1,059.2 | 811.4 | 432.4 | 285.9 | (250.7) | (148) | (77.9) |
| Operating Expenses | 309.8 | 61.7 | 60.7 | 58.7 | (160.6) | 337.3 | 436.2 | 583.4 | 640.6 | 763.5 | 830.6 | 809.5 | 1,041.2 | 485.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38.8 | 46.5 | 35.4 | 1,261.3 | 1,081.5 | 833.1 | 447.5 | 295.8 | (242.6) | (141.9) | (72.2) |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 1,126.5 | 1,823.9 | 1,766.8 | 1,693.9 | 1,675.8 | 1,318.0 | 1,356.2 | 1,114.6 | 1,004.5 | 856.1 | 1,009.2 | 921.6 | 512.3 | 514.1 | 0 | 15.4 | 59.0 | 139.6 | 85.0 | 110.9 | 121.4 | 171.3 | 567.5 | 672.1 | 1,412.0 | 769.0 | 671.6 | 504.4 | 299.9 | 182.6 | 655.1 | 372.9 | 186.1 |
| Interest Expense | 237.4 | 285.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 543.8 | 421.3 | 473.6 | 549.5 | 393.9 | 258.2 | 176.6 | 101.6 | 67.7 | 34.4 | 6.1 |
| Interest Income | 45.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 2.6 | 150.5 | 7.2 | 0.3 | 7.1 | 13.1 | 24.3 | 31.1 | 68.5 | 9.0 | 251.1 | 328.9 | 8.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 2,338.5 | 1,838.4 | 1,779.5 | 1,706.0 | 1,458.7 | 1,607.0 | 1,739.6 | 1,636.1 | 1,584.7 | 1,554.0 | 1,767.5 | 1,215.2 | 1,006.9 | 853.0 | 647.0 | 672.0 | 641.3 | 730.8 | 672.7 | 673.6 | 629.5 | 667.9 | 1,040.2 | 2,866.2 | 3,310.4 | 3,236.1 | 2,978.1 | 2,445.0 | 1,351.8 | 275.9 | 731.2 | 412.2 | 208.1 |
| EBIT | 1,324.9 | 871.7 | 878.0 | 811.7 | 620.4 | 786.2 | 908.5 | 846.0 | 837.1 | 844.9 | 998.2 | 453.1 | 27.0 | 188.9 | 0 | 15.4 | 59.0 | 139.6 | 85.0 | 110.9 | 121.4 | 171.3 | 568.7 | 2,388.0 | 2,836.3 | 2,782.6 | 2,567.8 | 2,145.3 | 1,196.1 | 182.6 | 655.1 | 372.9 | 186.1 |
| Income Before Tax | 1,158.5 | 1,072.2 | 869.6 | 807.9 | 1,397.6 | 963.4 | 1,007.4 | 686.1 | 628.9 | 4,481.2 | 908.5 | 658.5 | (167.0) | 160.8 | 80.5 | (46.2) | 20.1 | 44.7 | 91.0 | 107.4 | 190.3 | 175.2 | 543.8 | 421.3 | 473.6 | 549.5 | 393.9 | 258.2 | 176.6 | 101.6 | 67.7 | 0 | 0 |
| Income Tax Expense | 6.6 | 1.3 | 1.1 | 0.9 | 0.9 | 0.9 | (2.3) | 0.9 | 0.5 | 1.6 | 0.9 | 1.4 | 1.2 | 0.5 | 0.7 | 0.3 | 2.8 | 5.3 | 2.5 | (1,072.8) | (861.8) | (472.3) | (543.8) | (421.3) | (473.6) | (549.5) | (393.9) | (258.2) | (176.6) | (101.6) | 0 | 0 | 0 |
| Net Income | 1,120.1 | 1,035.8 | 835.4 | 776.9 | 1,332.8 | 913.6 | 970.4 | 657.5 | 603.5 | 4,292.2 | 870.1 | 631.3 | 1,830.6 | 841.7 | 893.6 | 283.6 | 362.3 | 420.1 | 989.6 | 1,072.8 | 861.8 | 472.3 | 543.8 | 421.3 | 473.6 | 549.5 | 393.9 | 258.2 | 176.6 | 101.6 | 67.7 | 34.4 | 6.1 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 2.97 | 2.73 | 2.20 | 2.06 | 3.56 | 2.36 | 2.61 | 1.79 | 1.64 | 11.76 | 2.39 | 1.75 | 5.17 | 2.78 | 3.03 | 1.00 | 1.32 | 1.56 | 3.54 | 3.70 | 3.02 | 1.69 | 2.00 | 1.55 | 1.77 | 2.12 | 1.61 | 1.29 | 1.34 | 1.19 | 0.99 | 0.67 | 0.21 |
| EPS (Diluted) | 2.91 | 2.72 | 2.13 | 2.05 | 3.54 | 2.27 | 2.50 | 1.71 | 1.58 | 11.24 | 2.29 | 1.67 | 5.17 | 2.63 | 3.03 | 1.00 | 1.32 | 1.56 | 3.27 | 3.40 | 2.77 | 1.69 | 2.00 | 1.41 | 1.60 | 1.92 | 1.45 | 1.15 | 1.32 | 1.19 | 0.98 | 0.67 | 0.21 |
| Shares Outstanding | 379.1 | 378.8 | 378.8 | 376.2 | 373.8 | 371.8 | 370.5 | 368.1 | 367.0 | 365.0 | 363.5 | 361.2 | 354.3 | 302.7 | 294.9 | 282.9 | 273.6 | 270.0 | 279.4 | 290.0 | 285.8 | 279.7 | 272.3 | 272.0 | 267.3 | 259.0 | 244.3 | 200.7 | 131.4 | 85.2 | 68.6 | 51.3 | 29.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 55.9 | 62.3 | 50.7 | 53.9 | 123.8 | 42.6 | 45.8 | 47.4 | 50.6 | 77.2 | 193.3 | 890.8 | 83.5 | 49.6 | 29.9 | 51.6 | 23.8 | 29.1 | 4.0 | 33.3 | 147.3 | 0 | 0 | 0 |
| Short-Term Investments | 0 | 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 | 14.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 0.4 | 2.9 | 2.4 | 1.8 | 1.7 | 4.8 | 3.3 | 1.4 | 0 | 0 | 0 |
| 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 |
| Other Current Assets | (14.6) | 97.9 | 89.3 | 83.3 | 236.4 | 57.1 | 71.2 | 68.9 | 50.1 | 141.9 | 352.0 | 0 | (85.2) | (50.0) | (32.8) | (54.0) | (25.6) | (30.8) | (8.7) | (36.6) | (148.7) | 0 | 0 | 0 |
| Total Current Assets | 55.9 | 160.2 | 140.0 | 137.2 | 360.2 | 99.7 | 117.0 | 116.3 | 100.8 | 219.1 | 545.3 | 890.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 454.9 | 455.4 | 457.3 | 463.0 | 474.7 | 499.3 | 512.8 | 19,724.8 | 19,887.6 | 19,907.2 | 14,587.6 | 15,128.9 | 12,252.8 | 10,578.4 | 10,934.2 | 11,323.9 | 11,358.7 | 11,181.3 | 10,253.5 | 6,676.7 | 2,682.0 | 1,969.5 | 1,770.7 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 | 30 | 30 | 47.3 | 67.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 166.2 | 170.7 | 161.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 19,867.8 | 386.5 | 282.0 | 279.0 | 127.4 | 52.8 | 52.2 | 58.3 | 58.3 | 60.1 | 7.0 | 5.8 | 47.3 | 474.0 | 509.8 | 397.2 | 393.7 | 85.0 | 88.0 | 220.9 | 102.0 | 0 | 0 | 0 |
| Other Non-Current Assets | (19,867.8) | 19,832.0 | 19,155.3 | 19,339.1 | 20,206.8 | 19,635.1 | 20,490.8 | 20,219.5 | 20,411.6 | 20,424.9 | 277.6 | 509.6 | (12,330.1) | (11,082.3) | (11,474.0) | (11,748.3) | (11,700.6) | (11,253.5) | (10,341.5) | (6,897.6) | (2,784.0) | (1,969.5) | (1,770.7) | 0 |
| Total Non-Current Assets | 454.9 | 20,674.0 | 19,894.6 | 20,081.1 | 20,809.0 | 20,187.2 | 21,055.8 | 20,277.9 | 20,469.8 | 20,485.1 | 14,872.2 | 15,644.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 20,746.0 | 20,834.2 | 20,034.6 | 20,218.3 | 21,169.2 | 20,286.9 | 21,172.8 | 20,394.2 | 20,570.6 | 20,704.1 | 15,417.5 | 16,535.1 | 12,645.3 | 11,466.9 | 11,810.9 | 12,235.6 | 12,264.0 | 11,715.7 | 10,700.3 | 7,094.6 | 2,986.1 | 2,141.3 | 1,847.7 | 535.9 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 0 | 99.3 | 87.4 | 96.0 | 107.0 | 107.4 | 94.3 | 102.5 | 114.8 | 147.5 | 58.5 | 250.3 | 229.9 | 195.7 | 240.4 | 250.1 | 126.7 | 121.7 | 119.7 | 88.0 | 79.1 | 0 | 0 | 0 |
| Short-Term Debt | 1,186.8 | 543.7 | 409.1 | 130.0 | 315.0 | 414.8 | 1,017.8 | 499.2 | 299.8 | 20.0 | 0 | 10,501.2 | 150 | 0 | 0 | 0 | 355.5 | 300 | 290 | 235 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (10,147.3) | (450.3) | (256.0) | (303.6) | (312.4) | (534.0) | (466.0) | (455.9) | (351.0) | (91.8) | (8.4) | (5.7) | (1.3) |
| Total Current Liabilities | 1,186.8 | 980.7 | 821.5 | 536.9 | 725.1 | 820.4 | 1,397.4 | 870.9 | 665.4 | 420.7 | 260.7 | 718.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 7,292.7 | 7,578.1 | 6,981.3 | 7,295.8 | 8,026.4 | 7,629.4 | 8,019.1 | 8,318.8 | 8,657.5 | 8,967.3 | 9,392.6 | 10,483.9 | 6,309.8 | 5,360.5 | 5,523.7 | 5,742.8 | 5,350.7 | 5,173.9 | 4,390.5 | 2,713.3 | 1,254.9 | 1,003.8 | 998.6 | 278.8 |
| 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 |
| Other Non-Current Liabilities | 552.7 | 386.2 | 341.8 | 375.9 | 419.2 | 405.5 | 417.0 | 425.8 | 406.9 | 413.1 | 331.5 | 264.4 | (6,309.8) | (5,360.5) | (5,523.7) | (5,742.8) | (5,350.7) | (5,173.9) | (4,390.5) | (2,713.3) | (1,254.9) | (1,003.8) | (998.6) | (278.8) |
| Total Non-Current Liabilities | 8,150.0 | 8,269.1 | 7,634.7 | 7,980.4 | 8,758.0 | 8,364.1 | 8,767.5 | 8,744.6 | 9,064.4 | 9,380.4 | 9,724.1 | 10,748.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 9,336.9 | 9,249.8 | 8,456.2 | 8,517.3 | 9,483.1 | 9,184.5 | 10,164.8 | 9,615.5 | 9,729.8 | 9,801.1 | 10,243.0 | 10,751.6 | 7,037.2 | 5,850.5 | 6,002.5 | 6,185.9 | 6,031.8 | 5,753.8 | 4,938.4 | 3,131.2 | 1,376.7 | 1,087.8 | 1,060.4 | 306.2 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.7 | 3.7 | 3.7 | 3.7 | 3.7 | 2.8 | 2.7 | 2.9 | 2.8 | 2.7 | 2.7 | 1.3 | 1.3 | 1.2 | 0.9 | 0.5 | 0 | 0 | 0 |
| Retained Earnings | 1,193.9 | 1,407.6 | 1,437.2 | 1,658.8 | 1,827.1 | 1,399.7 | 1,386.5 | 1,261.8 | 1,403.5 | 1,543.6 | 353.7 | 481.4 | (657.5) | (588.0) | (535.1) | (385.3) | (300.4) | (325.9) | (245.5) | (133.1) | (76.6) | (41.3) | (23.6) | (3.8) |
| Accumulated Other Comprehensive Income | 2.2 | 4.2 | 5.7 | (2.5) | (34.3) | (43.7) | (77.6) | (65.0) | (88.6) | (113.9) | 4.7 | (35.8) | (21.4) | (23.4) | (43.8) | (33.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 11,041.5 | 11,044.6 | 11,085.8 | 11,173.4 | 10,954.9 | 10,525.7 | 10,315.5 | 10,173.2 | 10,242.5 | 10,229.1 | 5,047.3 | 4,997.3 | 5,072.5 | 5,015.4 | 5,197.1 | 5,413.9 | 5,619.5 | 5,504.9 | 5,330.4 | 3,690.0 | 1,458.8 | 884.5 | 609.9 | 146.5 |
| Total Liabilities & Equity | 20,746.0 | 20,834.2 | 20,034.6 | 20,218.3 | 21,169.2 | 20,286.9 | 21,172.8 | 20,394.2 | 20,570.6 | 20,704.1 | 15,417.5 | 16,535.1 | 12,645.3 | 11,466.9 | 11,810.9 | 12,235.6 | 12,264.0 | 11,715.7 | 10,700.3 | 7,094.6 | 2,986.1 | 2,141.3 | 1,847.7 | 535.9 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 8,784.2 | 8,426.6 | 7,702.1 | 7,734.5 | 8,653.8 | 8,373.4 | 9,368.3 | 8,817.9 | 8,957.3 | 8,987.3 | 9,392.6 | 10,501.2 | 6,459.8 | 5,360.5 | 5,523.7 | 5,742.8 | 6,061.6 | 5,773.9 | 4,970.5 | 3,183.3 | 1,254.9 | 1,003.8 | 998.6 | 278.8 |
| Net Debt | 8,728.3 | 8,364.3 | 7,651.3 | 7,680.6 | 8,530.0 | 8,330.8 | 9,322.5 | 8,770.5 | 8,906.6 | 8,910.1 | 9,199.3 | 9,610.5 | 6,376.3 | 5,310.9 | 5,493.8 | 5,691.2 | 6,037.8 | 5,744.8 | 4,966.6 | 3,150.0 | 1,107.6 | 1,003.8 | 998.6 | 278.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 1,120.1 | 1,071.0 | 868.5 | 807.0 | 1,396.7 | 962.5 | 1,009.7 | 685.2 | 628.4 | 4,480.1 | 861.8 | 472.3 | 543.8 | 421.3 | 473.6 | 549.5 | 393.9 | 258.2 | 176.6 | 101.6 | 67.7 | 34.4 | 6.1 |
| Depreciation & Amortization | 1,010.4 | 966.7 | 901.5 | 894.3 | 851.4 | 832.4 | 842.8 | 790.1 | 747.6 | 709.1 | 529.0 | 496.6 | 471.6 | 478.2 | 474.1 | 453.6 | 410.3 | 299.7 | 155.7 | 93.3 | 76.1 | 39.3 | 22 |
| Stock-Based Compensation | 0 | 31.3 | 31.8 | 29.5 | 27.8 | 23.2 | 24.4 | 27.1 | 25.0 | 30.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 46.3 | 39.1 | 2.2 | (4.7) | 29.7 | (74.0) | 29.5 | 25.6 | (12.9) | (40.6) | (11.1) | (4.5) | (20.7) | 42.2 | (83.9) | (60.2) | 152.8 | (43) | (1.2) | 16.7 | (18.6) | 17.6 | (9.2) |
| Other Non-Cash Items | (528.0) | (534.5) | (271.2) | (271.4) | (1,045.5) | (478.5) | (449.5) | (171.8) | (122.3) | (3,965.0) | (681.1) | (257.3) | (250.4) | (53.4) | 25.9 | (106.4) | (168.0) | 27.2 | 0 | (0.6) | 1.3 | 2.7 | 6.7 |
| Operating Cash Flow | 1,648.8 | 1,573.6 | 1,532.8 | 1,454.8 | 1,260.2 | 1,265.5 | 1,457.0 | 1,356.3 | 1,265.8 | 1,214.1 | 698.5 | 707.1 | 744.3 | 888.3 | 889.7 | 836.4 | 789.0 | 542.1 | 331.1 | 210.9 | 126.5 | 94 | 25.6 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (359.1) | (318.7) | (333.5) | (232.2) | (168.6) | (166.2) | (190.3) | (199.3) | (230.4) | (229.4) | (2,675.6) | (1,170.7) | (809.1) | (531.4) | (98.7) | (34.3) | (774.4) | (1,083) | (1,250.4) | (676.4) | (0.1) | (5.2) | (0.4) |
| Acquisitions | 0 | (109.7) | (47.9) | (159.7) | (79.8) | (5.8) | (9.6) | (6.6) | (6.0) | (5.3) | 3.2 | 26.6 | 20 | (40.1) | (297.8) | (625.8) | (18.3) | (50.1) | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | (2.5) | (2.1) | (168.3) | (0.8) | (0.3) | 0 | 0 | (5.3) | (1.5) | (406.5) | (14.0) | (105.8) | (142.6) | (1,420.7) | (998.0) | (1,016.3) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 15.0 | 3.0 | 3.6 | 191.4 | 0 | 0 | 0 | 0 | 72.8 | 4.2 | 17.1 | 14.1 | 49.9 | 0.7 | 756.4 | 329.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (321.4) | (1,079.0) | (360.3) | 270.0 | (376.2) | 690.2 | (757.0) | (365.8) | (586.8) | 5,847.4 | 2,077.5 | 978.3 | 1,123.0 | 578.8 | 595.8 | 766.6 | 934.5 | 1,103.1 | (292.9) | 40.7 | (308.9) | (891.3) | (106.1) |
| Investing Cash Flow | (321.4) | (1,176.5) | (409.5) | 107.8 | (434.6) | 663.6 | (771.8) | (376.8) | (594.3) | 5,903.9 | (592.2) | (555.3) | 334.0 | (48.6) | 57.4 | (557.8) | (526.9) | (1,046.3) | (1,543.3) | (635.7) | (309) | (896.5) | (106.5) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 43.9 | 723.5 | (86.5) | (929.3) | 291.5 | (1,002.1) | 174.3 | (161.9) | (29.9) | (1,962.2) | 722.9 | 474.5 | (59.6) | (159.2) | (328.8) | 101.2 | 207.3 | 555.4 | 362.8 | (11.8) | 1.6 | 278.7 | (271.4) |
| Stock Repurchased | (280.7) | (38.5) | (49.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (125.1) | (0.0) | (400.6) | (115.0) | (212.7) | (0.3) | (6.3) | (94.7) | (22.5) | (11.5) | 0 | 0 | 0 |
| Dividends Paid | (1,047.7) | (1,021.4) | (993.2) | (934.1) | (903.6) | (887.0) | (834.2) | (786.0) | (742.5) | (4,774.0) | (594.9) | (601.8) | (614.0) | (623.7) | (508.0) | (564.3) | (477.4) | (373.8) | (292.1) | (121.9) | (77.1) | (59.8) | (4.8) |
| Other Financing Activities | (52.4) | (19.0) | 8.4 | (61.8) | 47.0 | (57.3) | (24.6) | (16.0) | (17.5) | (317.8) | (167.1) | (76.4) | (209.1) | (2.4) | (216.9) | 0.2 | (39.5) | (52.6) | (8.8) | 95.6 | (29.3) | 5.5 | (7.7) |
| Financing Cash Flow | (1,328.7) | (377.0) | (1,120.5) | (1,785.6) | (565.1) | (1,946.4) | (684.5) | (963.9) | (789.8) | (7,054.1) | (101.0) | (117.9) | (1,058.6) | (861.4) | (919.3) | (284.0) | (237.0) | 474.8 | 1,098.2 | 558.6 | 175.9 | 808.5 | 94.8 |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (1.3) | 20.2 | 2.8 | (223.1) | 260.5 | (17.3) | 0.7 | 15.6 | (118.3) | 64.0 | 5.3 | 33.9 | 19.7 | (21.7) | 27.8 | (5.3) | 25.1 | (29.3) | (114) | 133.8 | (20) | (14.1) | (0.2) |
| Cash at Beginning | 160.2 | 140.0 | 137.2 | 360.2 | 99.7 | 117.0 | 116.3 | 100.8 | 219.1 | 155.1 | 83.5 | 49.6 | 29.9 | 51.6 | 23.8 | 29.1 | 4 | 33.3 | 147.3 | 13.4 | 20 | 14.1 | 0.2 |
| Cash at End | 158.9 | 160.2 | 140.0 | 137.2 | 360.2 | 99.7 | 117.0 | 116.3 | 100.8 | 219.1 | 88.8 | 83.5 | 49.6 | 29.9 | 51.6 | 23.8 | 29.1 | 4 | 33.3 | 147.3 | 0 | 0 | 0 |
| Free Cash Flow | 1,289.7 | 1,254.9 | 1,199.3 | 1,222.5 | 1,091.5 | 1,099.3 | 1,266.7 | 1,157.0 | 1,035.4 | 984.8 | 698.5 | 707.1 | 744.3 | 356.8 | 791.0 | 802.1 | 14.6 | (540.9) | (919.3) | (465.4) | 126.4 | 88.8 | 25.2 |
| 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 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 3,101.1 | 2,980.1 | 2,874.0 | 2,735.2 | 2,464.0 | 2,571.7 | 2,700.7 | 2,577.7 | 2,471.4 | 2,425.8 | 2,745.0 | 2,614.7 | 2,387.7 | 1,747.5 | 1,985.1 | 1,992.2 | 1,944.9 | 2,103.2 | 2,038.1 | 1,990.4 | 1,954.9 | 1,753.8 | 1,823.3 | 1,994.1 | 2,170.6 | 2,030.3 | 1,508.6 | 1,337.4 | 747.3 | 478.4 | 412.5 | 231 | 113.9 |
| Gross Profit | 1,436.3 | 1,885.5 | 1,827.5 | 1,752.6 | 1,515.2 | 1,655.3 | 1,792.4 | 1,698.0 | 1,645.1 | 1,619.6 | 1,839.8 | 1,731.2 | 1,553.5 | 1,122.0 | 612.6 | 529.4 | 582.3 | 668.0 | 616.5 | 595.6 | 583.7 | 744.9 | 1,626.3 | 1,794.7 | 1,447.4 | 2,030.3 | 1,753.1 | 1,337.4 | 747.3 | 478.4 | 412.5 | 231 | 113.9 |
| Operating Income | 1,126.5 | 1,823.9 | 1,766.8 | 1,693.9 | 1,675.8 | 1,318.0 | 1,356.2 | 1,114.6 | 1,004.5 | 856.1 | 1,009.2 | 921.6 | 512.3 | 514.1 | 0 | 15.4 | 59.0 | 139.6 | 85.0 | 110.9 | 121.4 | 171.3 | 567.5 | 672.1 | 1,412.0 | 769.0 | 671.6 | 504.4 | 299.9 | 182.6 | 655.1 | 372.9 | 186.1 |
| Net Income | 1,120.1 | 1,035.8 | 835.4 | 776.9 | 1,332.8 | 913.6 | 970.4 | 657.5 | 603.5 | 4,292.2 | 870.1 | 631.3 | 1,830.6 | 841.7 | 893.6 | 283.6 | 362.3 | 420.1 | 989.6 | 1,072.8 | 861.8 | 472.3 | 543.8 | 421.3 | 473.6 | 549.5 | 393.9 | 258.2 | 176.6 | 101.6 | 67.7 | 34.4 | 6.1 |
| EPS (Diluted) | 2.91 | 2.72 | 2.13 | 2.05 | 3.54 | 2.27 | 2.50 | 1.71 | 1.58 | 11.24 | 2.29 | 1.67 | 5.17 | 2.63 | 3.03 | 1.00 | 1.32 | 1.56 | 3.27 | 3.40 | 2.77 | 1.69 | 2.00 | 1.41 | 1.60 | 1.92 | 1.45 | 1.15 | 1.32 | 1.19 | 0.98 | 0.67 | 0.21 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 55.9 | 62.3 | 50.7 | 53.9 | 123.8 | 42.6 | 45.8 | 47.4 | 50.6 | 77.2 | 193.3 | 890.8 | 83.5 | 49.6 | 29.9 | 51.6 | 23.8 | 29.1 | 4.0 | 33.3 | 147.3 | 0 | 0 | 0 | |||||||||
| Total Assets | 20,746.0 | 20,834.2 | 20,034.6 | 20,218.3 | 21,169.2 | 20,286.9 | 21,172.8 | 20,394.2 | 20,570.6 | 20,704.1 | 15,417.5 | 16,535.1 | 12,645.3 | 11,466.9 | 11,810.9 | 12,235.6 | 12,264.0 | 11,715.7 | 10,700.3 | 7,094.6 | 2,986.1 | 2,141.3 | 1,847.7 | 535.9 | |||||||||
| Total Debt | 8,784.2 | 8,426.6 | 7,702.1 | 7,734.5 | 8,653.8 | 8,373.4 | 9,368.3 | 8,817.9 | 8,957.3 | 8,987.3 | 9,392.6 | 10,501.2 | 6,459.8 | 5,360.5 | 5,523.7 | 5,742.8 | 6,061.6 | 5,773.9 | 4,970.5 | 3,183.3 | 1,254.9 | 1,003.8 | 998.6 | 278.8 | |||||||||
| Stockholders' Equity | 11,041.5 | 11,044.6 | 11,085.8 | 11,173.4 | 10,954.9 | 10,525.7 | 10,315.5 | 10,173.2 | 10,242.5 | 10,229.1 | 5,047.3 | 4,997.3 | 5,072.5 | 5,015.4 | 5,197.1 | 5,413.9 | 5,619.5 | 5,504.9 | 5,330.4 | 3,690.0 | 1,458.8 | 884.5 | 609.9 | 146.5 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,648.8 | 1,573.6 | 1,532.8 | 1,454.8 | 1,260.2 | 1,265.5 | 1,457.0 | 1,356.3 | 1,265.8 | 1,214.1 | 698.5 | 707.1 | 744.3 | 888.3 | 889.7 | 836.4 | 789.0 | 542.1 | 331.1 | 210.9 | 126.5 | 94 | 25.6 | ||||||||||
| Capital Expenditure | (359.1) | (318.7) | (333.5) | (232.2) | (168.6) | (166.2) | (190.3) | (199.3) | (230.4) | (229.4) | (2,675.6) | (1,170.7) | (809.1) | (531.4) | (98.7) | (34.3) | (774.4) | (1,083) | (1,250.4) | (676.4) | (0.1) | (5.2) | (0.4) | ||||||||||
| Free Cash Flow | 1,289.7 | 1,254.9 | 1,199.3 | 1,222.5 | 1,091.5 | 1,099.3 | 1,266.7 | 1,157.0 | 1,035.4 | 984.8 | 698.5 | 707.1 | 744.3 | 356.8 | 791.0 | 802.1 | 14.6 | (540.9) | (919.3) | (465.4) | 126.4 | 88.8 | 25.2 | ||||||||||