Energy Transfer LP logo ET - Energy Transfer LP

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 28
HOLD 4
SELL 0
STRONG
SELL 0
| PRICE TARGET: $23.00 DETAILS
HIGH: $23.00
LOW: $23.00
MEDIAN: $23.00
CONSENSUS: $23.00
UPSIDE: 13.58%
Annual Quarterly
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
Revenue
Revenue 27,771 22,410 19,954 19,242 21,020 19,541 20,772 20,729 21,629 20,532 20,739 18,320 18,995 20,501 22,939 25,945 20,491 18,657 16,664 15,101 16,995 10,034 9,955 7,338 11,627 13,720 13,495 13,877 13,121 13,573 14,514 14,118 11,882 11,452 9,474 8,935 11,247 10,803 9,675 9,344 7,977 9,536 10,616 11,594 10,380 13,481 14,987 14,143 13,080 12,607 12,486 12,063 11,179 11,313 2,171.0 1,976.3 1,689.1 2,178.8 2,097.9 1,974.9 1,989.1 1,775.8 1,587.8 1,368.5 1,872.0 1,505.8 1,129.8 1,151.7 1,630.0 1,794.7 2,206.1 2,653.4 2,639.2 1,628.1 1,626.3 1,714.8 1,714.8 1,388.4 1,572.3 1,420.3 2,449.8 2,416.6 1,833.0 2,031.7 1,439.8
Cost of Revenue 21,149 16,630 14,562 16,557 16,870 15,438 16,970 16,836 17,735 16,800 17,164 15,186 15,635 17,307 19,489 22,575 17,087 15,606 14,086 12,372 11,768 7,363 7,149 4,887 9,170 10,887 10,670 11,093 10,285 10,786 11,877 12,115 9,969 9,390 8,217 7,780 8,077 8,945 6,277 5,896 4,721 8,191 9,248 9,951 9,071 12,229 13,550 12,762 11,842 11,590 11,456 10,925 10,151 10,356 1,424 1,252.9 1,197.1 1,605.6 1,587.3 1,486.9 1,422.1 1,835.5 995.1 844.4 1,224.9 858.8 678.1 626.0 959.1 1,982.7 1,633.5 2,321.2 1,979.7 1,147.8 1,217.7 1,287.4 1,436.3 1,087.3 1,744.5 1,147.4 2,108.5 2,193.3 1,945.0 1,817.0 1,211.2
Gross Profit 6,622 5,780 5,392 2,685 4,150 4,103 3,802 3,893 3,894 3,732 3,575 3,134 3,360 3,194 3,450 3,370 3,404 3,051 2,578 2,729 5,227 2,671 2,806 2,451 2,457 2,833 2,825 2,784 2,836 2,787 2,637 2,003 1,913 2,061 1,767 1,647 1,584 1,620 1,428 1,519 1,386 1,345 1,368 1,643 1,309 1,252 1,437 1,381 1,238 1,017 1,030 1,138 1,028 957 680 723.4 492.0 573.2 510.5 488.0 567.0 (59.6) 592.7 524.2 647.1 647.0 451.7 525.7 670.8 (188.0) 572.6 332.1 659.5 480.2 408.7 427.4 278.5 301.1 (172.2) 273.0 341.3 223.3 (112.0) 214.8 228.7
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
SG&A Expenses 2,417 205 268 257 288 448 297 332 260 409 234 228 238 328 361 211 230 372 198 184 201 292 176 175 204 355 173 179 147 187 184 183 148 154 184 208 199 263 234 177 180 222 194 233 199 241 190 158 155 130 169 176 185 139 110 123.0 148.3 67.1 82.6 78.9 63.5 (502.7) 270.3 246.3 51.1 32.3 34.6 231.4 57.3 (514.2) 242.8 44.7 229.7 207.1 185.9 189.7 40.8 161.2 (277.1) 126.4 85.5 25.5 20.2 20.5 12.4
Other Expenses 1,222 3,205 2,973 0 1,371 1,376 1,324 1,263 1,254 1,158 1,108 1,071 1,060 1,060 1,116 1,046 1,328 990 943 948 957 1,040 2,386 940 2,192 816 796 785 824 1,181 750 694 665 1,617 652 696 628 1,660 548 537 511 887 524 514 493 846 425 450 373 1,040 332 0 0 0 0 221.8 161.2 166.1 158.0 148.5 139.3 126.5 120.3 98.5 257.1 249.0 243.6 79.2 257.4 73.5 73.6 65.5 61.9 55.8 55.6 50.5 50.5 36.9 36.4 31.2 32.6 30.0 (195.2) 118.8 99.1
Operating Expenses 3,639 3,410 3,241 257 1,659 1,824 1,621 1,595 1,514 1,567 1,342 1,299 1,298 1,388 1,477 1,257 1,558 1,362 1,141 1,132 1,158 1,332 2,562 1,115 2,396 1,171 969 964 971 1,368 934 877 813 1,771 836 904 827 1,923 782 714 691 1,109 718 747 692 1,087 615 608 528 1,170 501 461 426 409 303 344.7 309.5 233.2 240.5 227.5 202.8 (376.1) 390.6 344.8 308.2 281.2 278.2 310.7 314.7 (440.8) 316.4 110.2 291.6 262.9 241.5 240.1 91.2 198.0 (240.7) 157.6 118.1 55.5 (175.0) 139.3 111.5
Operating Income
Operating Income 2,983 2,370 2,151 2,428 2,491 2,279 2,181 2,298 2,380 2,165 2,233 1,835 2,062 1,806 1,973 2,113 1,846 1,689 1,437 1,597 4,069 1,339 244 1,336 61 1,701 1,856 1,819 1,865 1,419 1,703 1,126 1,100 285 931 743 757 (726) 646 805 701 236 650 896 617 165 822 773 710 (153) 529 644 531 432.7 359 378.7 182.6 340.0 270.0 260.6 364.2 316.5 202.1 179.4 338.9 365.8 173.5 215.0 356.1 252.8 256.3 221.9 367.9 217.3 167.1 187.3 187.3 103.1 68.6 115.4 223.2 167.9 63.0 75.4 117.2
Interest Expense 947 760 890 865 809 807 828 762 728 686 632 641 619 592 577 578 559 554 558 566 589 577 569 579 602 584 579 578 590 544 535 510 466 450 490 477 473 474 481 450 427 422 442 408 371 354 356 344 315 308 298 305 310 0 237.8 281.3 213.3 196.6 193.8 181.5 167.9 164.3 209.9 129.1 121.7 127.4 120.1 119.6 101.4 0 0 90.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7 7 0 0 0 0 0 0 0 0 0 0 0 0 0 282 0 0 (61.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 3,694 3,495 3,709 3,786 3,937 3,764 3,675 4,194 3,763 3,458 3,341 2,906 3,122 3,134 3,089 3,332 3,174 2,679 2,485 2,545 5,026 2,379 2,630 2,276 533 2,478 2,604 2,605 2,608 2,600 2,453 1,820 1,765 497 1,778 1,439 1,472 233 1,194 1,291 1,263 1,123 1,174 1,410 1,110 1,011 1,247 1,223 1,083 421 861 1,041 920 548 582 623.0 419.0 522.9 410.7 441.9 516.2 452.7 327.1 290.0 431.4 458.3 267.8 343.8 463.0 367.7 329.8 216.5 431.6 274.9 224.8 237.7 251.5 141.2 105.9 146.6 255.2 197.8 91.9 103.9 142.7
EBIT 2,111 2,370 2,269 2,402 2,570 2,390 2,351 2,981 2,509 2,300 2,234 1,845 2,063 2,074 2,059 2,286 2,146 1,699 1,542 1,605 4,072 1,416 1,718 1,340 (334) 1,674 1,820 1,821 1,834 1,850 1,703 1,126 1,100 1,146 1,074 824 1,736 (381) 646 805 701 473 650 896 617 202 936 926 938 219 1,334 723 608 518 359 355 1,177 356.9 260.8 293.4 376.9 326.1 206.8 112.5 331.0 372.9 150.7 264.6 387.3 195.0 256.3 266.7 367.9 217.3 167.1 187.3 187.3 103.1 68.6 115.4 223.2 167.9 63.0 75.4 117.2
Income Before Tax 2,111 1,610 1,379 1,537 1,761 1,583 1,523 2,219 1,781 1,614 1,124 1,341 1,518 1,482 1,404 1,708 1,478 1,181 984 990 3,716 902 (360) 771 (936) 1,331 1,215 1,243 1,306 850 1,341 727 716 (590) 641 394 325 (855) (17) 415 281 (231) 275 716 233 (206) 526 528 569 (733) 392 418 298 266 142.0 84.7 962.9 160.3 64.0 111.9 209.0 161.8 (3.1) (16.4) 209.3 245.6 30.6 145.0 286.0 57.9 177.2 176.1 272.3 115.3 92.6 143.2 143.2 42.9 9.4 112.4 182.8 61.3 (67.8) 61.3 86.3
Income Tax Expense 135 15 87 79 41 136 89 227 89 47 77 108 71 45 82 86 (9) (50) 77 82 75 69 41 99 28 (19) 54 34 126 (2) (52) 68 (10) (1,747) (157) 21 35 (95) (58) (9) (55) (93) 37 (56) 12 86 56 70 145 (43) 49 89 (2) 21 28.6 10.2 1.6 (1.5) 3.3 5.2 9.9 2.4 2.1 4.1 5.2 3.5 (3.7) 3.3 6.2 (2.8) (7.9) 9.3 5.1 4.9 2.7 3.2 54.1 2.9 (3.2) 1.3 3.3 21.7 (0.8) 2.5 2.4
Net Income 1,253 1,460 1,019 1,099 1,323 1,077 1,183 1,314 1,240 1,327 584 911 1,113 1,155 1,006 1,326 1,269 820 634 625 3,285 636 (782) 353 (855) 1,011 857 878 807 617 370 355 363 251 240 212 239 233 209 241 311 314 291 298 282 111 188 163 168 (171) 151 127 90 48.9 34.9 53.9 166 85.5 68.9 66.1 88.4 75.8 (15.3) 19.2 112.4 139.2 46.8 104.1 151.5 22.6 105.4 120.0 126.7 51.5 51.9 89.1 89.1 31.0 (0.2) 43.3 24.4 39.6 13.7 79.8 38.9
Per Share Data
EPS (Basic) 0.35 0.40 0.27 0.32 0.37 0.29 0.33 0.35 0.32 0.37 0.15 0.25 0.32 0.34 0.29 0.40 0.38 0.29 0.20 0.20 1.22 0.19 -0.29 0.13 -0.32 0.38 0.33 0.34 0.31 0.27 0.32 0.31 0.32 0.23 0.22 0.19 0.22 0.68 0.20 0.23 0.30 0.30 0.28 0.28 0.26 0.10 0.17 0.15 0.15 -0.15 0.12 0.11 0.08 0.04 0.03 0.05 0.18 0.10 0.08 0.07 0.10 0.09 -0.02 0.02 0.13 0.16 0.05 0.12 0.17 0.03 0.12 0.13 0.14 0.06 0.06 0.10 0.10 0.05 -0.00 0.08 0.04 0.07 -0.03 0.19 0.09
EPS (Diluted) 0.35 0.40 0.27 0.32 0.36 0.29 0.32 0.35 0.32 0.37 0.15 0.25 0.32 0.34 0.29 0.39 0.37 0.29 0.20 0.20 1.21 0.19 -0.29 0.13 -0.32 0.38 0.33 0.33 0.31 0.26 0.32 0.30 0.30 0.21 0.21 0.18 0.21 0.21 0.19 0.21 0.30 0.30 0.28 0.28 0.26 0.11 0.17 0.15 0.15 -0.15 0.12 0.11 0.08 0.04 0.03 0.05 0.18 0.10 0.08 0.07 0.10 0.09 -0.02 0.02 0.13 0.16 0.05 0.12 0.17 0.03 0.12 0.13 0.14 0.06 0.05 0.10 0.10 0.05 -0.00 0.08 0.04 0.07 -0.03 0.15 0.07
Shares Outstanding 3,440.6 3,650 3,639.3 3,431.8 3,431.4 3,425.6 3,415.2 3,370.6 3,368.6 3,278.6 3,144 3,126.9 3,095.5 3,090.3 3,087.6 3,085.9 3,083.5 2,824.5 2,705.2 2,704 2,702.8 2,699.1 2,696.6 2,694.9 2,668.8 2,646.2 2,624.9 2,621.2 2,619.5 2,332.1 1,158.2 1,114.8 1,079.1 1,079.2 1,079.1 1,075.2 1,075.2 1,046.9 1,045.5 1,048.9 1,044.8 1,052.5 1,052.5 1,076 1,077.6 1,083.4 1,077.6 1,087.2 1,115.4 1,103.2 1,122.8 1,121.8 1,119.8 1,129.4 1,079.5 1,120 906.9 891.6 891.9 891.9 891.8 891.8 891.8 891.8 891.8 891.6 891.6 891.6 891.6 891.3 891.3 891.3 891.3 891.3 892.1 891.1 891.1 618.5 643.6 546.1 525.9 545.4 523.3 422.6 422.8
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
Current Assets
Cash & Cash Equivalents 951 1,272 3,574 242 453 312 299 650 1,946 161 514 330 330 257 326 353 1,111 336 313 282 355 367 275 155 196 291 211 445 529 419 398 519 547 336 469 375 370 483 472 475 807 606 1,019 1,623 1,863 847 1,108 1,234 1,010 590 1,177 621 614 372 172.1 217.2 293.1 126.3 167.7 148.5 143.0 86.3 88.1 84.2 384.4 68.3 50.2 114.4 106.4 92.0 626.1 68.9 130.7 53.5 77.3 104.7 90.1 248.7 26.2 26.8 33.9 38.4 33.5
Short-Term Investments 20 52 20 12 6 9 26 28 27 66 14 15 6 10 19 57 41 10 57 32 16 9 19 14 25 23 56 54 70 111 97 63 26 24 42 9 9 21 32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 1.2 3.2 2.0 2.6 2.0 2.3 3.0 3.7 6.1 12.7 9.6 5.9 5.9 11.0 16.8 13.7 2.8 3.1 3.6 4.0 2.6 2.8 4.5 3.6 3.3 3.5
Net Receivables 15,890 11,451 10,040 10,103 11,524 10,334 10,034 9,680 9,820 9,215 9,713 7,383 8,377 8,559 8,679 10,285 10,035 7,708 6,542 5,941 5,378 3,954 3,821 3,095 3,503 5,197 4,643 4,559 4,479 4,193 4,657 4,587 3,683 4,557 3,641 3,465 3,557 3,604 3,104 3,004 2,508 2,519 2,999 3,310 2,932 3,413 4,773 4,485 4,463 3,721 3,597 3,400 3,792 3,128 0 803.9 939.4 801 774.1 744.9 700.5 710.6 584.7 644.9 544.2 641.6 399.1 448.2 542.1 651.6 624.1 1,131.4 1,092.9 665.4 877.4 665.9 756.1 628.1 699.4 496.7 841.2 908.7 884.9
Inventory 4,645 4,986 3,269 2,795 2,787 3,070 2,502 2,624 2,267 2,683 2,590 2,271 2,047 2,461 2,490 2,216 1,981 2,014 1,811 1,664 1,810 1,739 1,723 1,593 1,024 1,532 1,814 1,832 1,722 1,818 2,066 1,802 1,861 2,022 1,957 1,882 2,065 2,055 2,100 1,929 1,499 1,636 1,580 1,858 1,461 1,467 1,780 1,560 1,484 1,807 1,697 1,641 1,659 1,522 450.2 443.7 379.0 328.0 328.8 348.2 300.5 366.4 281.5 235.5 343.0 390.0 221.1 187.7 144.6 272.3 306.9 179.2 116.2 367.3 192.3 297.9 194.7 499.6 387.1 456.5 238.8 582.0 302.9
Other Current Assets 757 472 539 531 473 159 501 452 985 308 606 614 616 412 664 2,580 2,572 257 326 321 277 119 331 313 396 264 342 308 327 209 309 622 502 3,537 4,622 4,604 522 384 791 682 770 446 262 251 305 207 120 141 313 155 150 491 562 575 0 218.9 262.3 134 159.3 155.4 165.4 125.7 144.6 116.9 136.9 162.1 6.8 4.3 3.2 83.7 80.6 60.4 60.5 69.8 42.3 77.9 51.6 109.4 144.7 165.4 65.9 275.6 204.0
Total Current Assets 22,263 18,233 17,442 13,671 15,237 14,202 13,336 13,406 15,018 12,433 13,423 10,598 11,370 12,081 12,159 15,434 15,699 10,537 9,049 8,208 7,820 6,317 6,150 5,156 5,119 7,464 7,066 7,198 7,127 6,750 7,527 7,593 6,593 10,683 10,689 10,326 6,514 6,899 6,467 6,090 5,584 5,410 6,072 7,237 6,789 6,139 8,042 7,652 7,516 6,536 6,887 6,153 6,627 5,597 1,737.4 1,683.8 1,873.8 1,455.4 1,433.1 1,399.0 1,312.0 1,291.0 1,101.2 1,084.5 1,412.2 1,268.0 858.4 872.0 898.0 1,181.0 1,779.9 1,529.9 1,522.2 1,261.0 1,050.6 1,190.3 1,135.0 1,529.0 1,302.7 1,206.6 1,263.2 1,808.1 1,465.2
Non-Current Assets
Property, Plant & Equipment 105,985 103,983 96,909 96,359 96,068 96,021 95,848 92,742 85,906 86,177 81,693 81,975 80,817 81,130 81,076 80,690 80,865 82,445 75,100 75,392 75,661 75,973 76,062 76,053 75,619 75,157 70,058 69,040 68,189 66,963 65,643 64,880 61,975 61,088 59,267 56,808 56,967 53,578 53,565 51,386 50,125 48,683 46,305 44,047 42,342 40,292 38,737 35,118 34,115 30,682 29,674 29,187 28,640 28,284 22,237.0 21,907.9 21,403.8 14,558.6 14,100.0 13,774.5 11,988.6 11,852.7 11,577.7 11,214.2 9,175.4 9,064.5 9,108.0 9,013.8 8,836.4 8,702.5 8,313.4 7,870.0 7,312.9 6,737.1 5,971.1 5,703.9 5,526.4 3,998.5 3,748.6 3,341.9 3,107.6 2,969.4 2,887.8
Goodwill 5,605 5,452 3,903 3,903 3,903 3,903 3,910 3,910 3,887 4,019 2,564 2,564 2,566 2,566 2,553 2,553 2,533 2,533 2,395 2,391 2,391 2,391 2,418 3,868 3,835 5,167 4,870 4,883 4,885 4,885 5,242 5,173 4,768 4,768 5,161 5,174 6,750 5,670 7,598 7,515 7,471 7,473 7,655 7,663 7,702 7,865 7,867 6,230 6,216 5,894 6,428 6,372 6,414 6,434 3,458.8 3,458.8 3,400.5 2,039.0 2,039.4 2,008.9 1,600.6 1,600.6 1,592.2 1,537.0 802.6 775.1 765.9 764.5 764.5 773.3 776.2 776.0 773.0 757.1 748.0 746.0 752.0 632.6 634.0 355.0 354.7 0 353.6
Intangible Assets 7,294 7,438 5,660 5,774 5,888 5,971 6,102 6,202 6,111 6,239 5,204 5,301 5,322 5,415 5,505 5,607 5,608 5,856 5,474 5,562 5,657 5,746 5,915 6,007 6,116 6,154 5,781 5,827 5,912 6,000 6,013 6,088 5,936 6,116 6,195 6,267 6,837 5,512 5,318 5,356 5,396 5,431 5,522 5,579 5,553 5,582 5,504 5,072 5,132 2,264 2,195 2,221 2,266 2,291 953.9 1,447.6 1,451.0 1,072.3 1,084.0 1,325.7 1,240.1 1,260.4 1,255.1 1,143.3 447.6 389.7 401.2 410.1 408.5 403.0 396.8 379.6 377.0 363.9 356.7 432.2 373.9 206.2 185.7 124.6 115.3 508.2 118.1
Long-Term Investments 3,646 3,799 3,269 3,243 3,260 3,266 3,268 3,237 3,093 3,218 2,993 3,007 2,861 2,893 2,869 2,924 2,921 2,947 2,958 3,025 3,009 3,060 3,068 3,311 3,337 3,638 2,992 2,838 2,653 2,820 2,656 2,687 2,701 2,897 3,177 3,182 3,103 3,230 3,104 3,453 3,442 3,462 3,637 3,653 3,656 3,659 3,633 3,686 3,818 4,014 4,087 4,640 4,708 4,737 4,500.3 4,574.3 4,667.6 1,496.6 1,515.6 1,350.6 1,352.6 1,360.0 1,324.4 1,377.5 653.4 663.3 551.0 374.9 129.8 10.1 1,690.5 1,632.3 1,636.1 1,518.7 0 1,498.1 1,505.9 1,447.5 0 (4.1) 0 0 0
Other Non-Current Assets 2,689 2,381 2,148 2,072 2,069 2,017 1,965 1,843 1,774 1,733 1,694 1,687 1,585 1,558 1,573 1,561 1,566 1,645 1,722 1,664 1,680 1,657 1,582 1,512 1,515 1,571 1,089 1,026 1,007 1,006 1,106 996 936 886 891 852 826 4,226 787 760 747 730 977 966 962 742 898 857 972 940 772 1,570 1,485 (41,746) (31,150.1) 40.8 25.3 248.9 247.7 7.5 16.3 14.0 0.6 5.5 0 0 0 0 0 0 1.6 1.3 1.3 72.8 56.7 (1,498.1) (1,505.9) 999.1 53.1 42.1 46.2 37.0 92.1
Total Non-Current Assets 125,219 123,507 111,889 111,351 111,188 111,178 111,093 107,933 100,771 101,265 94,148 94,534 93,151 93,562 93,576 93,335 93,493 95,426 87,649 88,034 88,398 88,827 89,045 90,751 90,422 91,509 84,790 83,614 82,646 81,496 80,660 79,824 76,316 75,563 74,691 72,283 74,483 72,026 70,372 68,470 67,181 65,779 64,096 61,908 60,215 58,140 56,639 50,963 50,253 43,794 43,156 43,990 43,513 41,746 31,150.1 31,429.4 30,948.3 19,441.3 19,010.2 18,467.2 16,198.1 16,087.7 15,750.1 15,277.4 11,078.9 10,892.5 10,826.1 10,563.3 10,139.3 9,888.9 9,488.0 9,026.9 8,464.2 7,930.9 7,132.5 6,882.2 6,652.2 5,836.4 4,621.4 3,863.6 3,623.7 3,514.6 3,451.9
Total Assets 147,482 141,740 129,331 125,022 126,425 125,380 124,429 121,339 115,789 113,698 107,571 105,132 104,521 105,643 105,735 108,769 109,192 105,963 96,698 96,242 96,218 95,144 95,195 95,907 95,541 98,973 91,856 90,812 89,773 88,246 88,187 87,417 82,909 86,246 85,380 82,609 80,997 78,925 76,839 74,560 72,765 71,189 70,168 69,145 67,004 64,279 64,681 58,615 57,769 50,330 50,043 50,143 50,140 48,904 33,597.6 33,113.2 32,822.1 20,896.8 20,443.3 19,866.2 17,510.2 17,378.7 16,851.3 16,362.0 12,491.1 12,160.5 11,684.5 11,435.3 11,037.3 11,069.9 11,267.9 10,556.8 9,986.4 9,191.9 8,183.1 8,072.4 7,787.2 7,365.4 5,924.1 5,070.2 4,886.9 5,322.8 4,917.1
Current Liabilities
Account Payables 13,152 9,510 7,336 7,513 8,999 8,325 7,382 7,478 7,564 6,684 8,004 6,179 6,943 6,969 7,523 8,914 8,654 6,834 5,707 5,023 4,755 2,836 2,795 2,153 2,408 4,149 3,551 3,659 4,018 3,552 4,044 4,057 3,757 4,716 4,040 3,392 3,396 3,544 2,962 2,951 2,414 2,302 2,509 3,016 2,877 3,368 4,700 4,340 4,282 3,848 3,555 3,399 3,591 3,122 557.8 456.3 518.0 545 493.1 451.8 389.2 448.9 425.3 446.8 365.8 397.7 261.3 291.2 328.5 416.4 588.0 1,033.4 811.8 593.5 721.1 584.4 533.5 581.6 603.8 513.3 676.9 942.4 819.2
Short-Term Debt 19 270 8 6 7 8 263 257 1,181 1,000 1,006 3,459 2 0 2 2 652 677 678 674 23 20 21 34 33 20 7 7 157 2,655 2,655 160 409 413 716 1,370 392 1,194 1,221 1,013 930 131 15 15 269 1,008 1,345 1,370 1,388 637 298 899 611 0 0 113.9 109.1 424.2 424.1 23.0 35.1 35.3 35.2 175.2 166.9 40.9 46.1 44.4 44.5 45.2 45.7 43.7 47.2 357.1 47.1 39.8 40.6 40.9 40.6 39.7 39.7 91.4 56.4
Deferred Revenue 0 366 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,217.1 1,076.3 100.5 126.1 763.9 0 583.7 561.6 502.1 377.5 204.4 391.0 456.3 377.0 106.7 467.7 379.0 344.9 40.1 253.4 112.1 98.5 260.9 205.9 13.4 151.5 238.0 152.0
Other Current Liabilities 467 4,315 15 6 20 2,404 28 37 173 1,840 79 64 48 1,897 60 1,102 1,166 2,030 205 0 120 1,856 264 24 9 2,428 181 18 85 1,993 432 587 151 1,648 210 80 126 1,539 270 29 74 1,664 1,615 1,281 1,335 1,398 1,429 1,330 1,655 1,274 1,354 1,827 1,925 2,723 1,982.5 47.3 72.1 146.2 148.7 20.7 23.2 13.2 5.9 58.9 60.7 65.1 184.0 133.8 156.3 142.4 221.1 239.7 141.2 454.1 (113.5) 248.1 253.4 177.7 171.1 52.0 96.8 119.5 228.6
Total Current Liabilities 19,043 14,955 12,410 11,849 13,571 12,656 12,371 11,709 12,719 11,277 12,755 13,013 10,162 10,368 11,243 13,475 13,719 10,835 9,834 8,547 7,779 5,923 6,047 5,003 6,166 7,724 7,037 6,429 6,695 9,310 10,219 7,636 7,261 7,897 7,847 7,765 6,218 7,277 7,042 6,188 5,691 4,910 5,049 5,238 5,327 6,683 8,431 8,222 8,091 6,500 6,047 6,125 6,127 5,845 2,540.3 1,834.6 1,775.6 1,841.3 1,804.2 1,259.4 1,013.5 1,081.1 1,028.0 1,183.1 970.9 889.7 882.4 925.7 906.2 1,208.9 1,322.5 1,695.8 1,345.2 1,444.9 932.8 984.4 926.1 1,061.1 1,020.8 910.0 962.7 1,385.0 1,256.2
Non-Current Liabilities
Long-Term Debt 69,317 69,741 63,096 60,749 59,782 59,702 58,995 57,359 52,295 51,361 47,075 44,672 47,229 48,251 47,413 48,104 48,826 49,013 44,793 45,612 47,712 51,411 51,424 51,251 50,299 51,002 46,805 46,492 46,366 43,373 42,117 44,473 41,779 43,671 44,495 43,084 42,583 42,858 40,103 38,608 37,401 36,837 36,332 34,900 33,158 29,477 28,594 25,948 24,905 22,562 22,011 21,860 22,343 21,440 17,525.7 17,959.5 17,391.2 10,946.9 11,252.7 11,123.8 9,570.2 9,346.1 8,800.1 8,776.2 7,465.0 7,751.0 7,740.1 7,265.3 7,159.6 7,190.4 7,181.7 6,470.1 6,212.0 5,688.0 5,198.7 4,998.3 4,914.6 4,474.7 3,205.6 2,173.7 1,895.0 2,386.1 2,276.0
Deferred Tax Liabilities 5,591 5,761 4,263 4,204 4,179 4,190 4,110 4,001 4,009 3,931 3,891 3,839 3,759 3,701 3,661 3,611 3,540 3,648 3,683 3,618 3,550 3,428 3,349 3,313 3,214 3,208 3,133 3,071 3,023 2,926 3,008 3,075 3,026 3,315 5,027 5,170 5,130 5,112 5,209 5,215 5,256 4,590 4,256 4,182 4,139 4,410 4,230 3,712 3,700 3,865 3,708 3,861 3,625 3,566 0 0 0 217 0 0 0 0 0 0 0 204.4 197.3 203.6 202.1 194.9 196.7 201.6 203.3 198.7 199.9 199.3 204.1 207.7 207.9 210.5 211.5 214.8 215.1
Other Non-Current Liabilities 1,973 426 1,615 1,609 1,561 1,618 1,613 1,631 1,604 1,615 2,016 1,365 1,417 1,364 1,563 1,520 1,476 1,516 1,457 1,602 1,334 1,389 1,427 1,795 1,766 1,435 1,498 1,493 1,304 1,288 1,311 1,363 1,341 1,362 1,350 1,379 1,309 1,232 1,280 1,537 1,363 1,239 1,468 1,368 1,574 1,380 1,204 1,147 1,115 1,124 1,073 1,197 1,663 1,703 2,840.2 2,887.3 2,890.9 504 702.8 719.0 736.1 703.9 672.9 772.5 332.3 95.1 111.1 95.1 131.6 136.4 55.4 15.3 92.8 60.4 13.0 14.5 25.6 14.2 5.0 10.1 11.4 41.2 45.8
Total Non-Current Liabilities 78,450 77,525 69,777 67,316 66,274 66,290 65,460 63,741 58,604 57,704 53,757 50,662 53,196 54,123 53,431 54,036 54,651 55,000 50,732 51,644 53,416 57,071 57,101 57,262 56,100 56,572 52,278 51,866 51,517 47,587 46,436 48,911 46,146 48,348 50,872 49,633 49,022 49,169 46,559 45,327 43,987 42,633 42,023 40,312 38,871 35,234 33,910 30,678 29,688 27,519 26,760 26,845 27,631 26,709 20,365.9 20,846.8 20,282.1 11,666.5 11,955.5 11,842.9 10,306.3 10,049.9 9,472.9 9,548.6 7,797.4 8,050.5 8,048.5 7,564.0 7,493.3 7,521.7 7,433.8 6,687.0 6,508.0 5,947.1 5,415.0 5,212.2 5,144.3 4,696.6 3,418.5 2,394.3 2,117.8 2,642.2 2,536.9
Total Liabilities 97,493 92,480 82,187 79,165 79,845 78,946 77,831 75,450 71,323 68,981 66,512 63,675 63,358 64,491 64,674 67,511 68,370 65,835 60,566 60,191 61,195 62,994 63,148 62,265 62,266 64,296 59,315 58,295 58,212 56,897 56,655 56,547 53,407 56,245 58,719 57,398 55,240 56,446 53,601 51,515 49,678 47,543 47,072 45,550 44,165 41,917 42,341 38,900 37,779 34,019 32,807 32,970 33,685 32,481 22,833.6 22,681.4 22,057.7 13,507.8 13,759.8 13,102.3 11,319.9 11,131.0 10,500.9 10,731.7 8,768.2 8,940.3 8,930.8 8,489.7 8,399.5 8,730.6 8,756.3 8,382.8 7,853.2 7,392.0 6,347.8 6,196.6 6,070.3 5,757.6 4,439.3 3,304.3 3,080.5 4,027.2 3,793.1
Stockholders' Equity
Common Stock 31,004 30,930 31,223 31,360 31,364 31,195 31,308 30,414 30,268 30,197 27,014 27,487 27,057 26,960 26,725 26,507 25,881 25,230 21,726 21,579 21,428 18,531 18,296 19,843 19,512 21,935 20,962 20,872 20,693 20,606 0 0 0 0 0 0 0 0 0 0 0 0 0 504 713 670 705 577 1,281 1,072 1,401 1,485 2,047 2,125 2,203.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68.3 28.2 5.8 0 (4.4) 0 0 0 0 0 0.1 1.0 0.8
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Accumulated Other Comprehensive Income 72 82 68 65 64 73 42 48 41 28 29 24 13 16 32 29 43 23 19 26 8 6 (4) (21) (59) (11) (40) (33) (34) (42) 0 0 0 0 0 0 0 0 0 0 0 0 0 (2) (5) (5) 5 6 6 9 1 (2) (11) 0 0 1.3 6.6 0.7 2.7 (0.4) (0.8) 4.8 12.2 (55.8) (48.1) (53.6) (67.3) (57.7) (73.0) 0 (20.3) (16.8) (49.5) (2.2) (11.2) (16.0) 8.4 23.3 45.8 19.8 11.8 (19.3) (88.9)
Total Stockholders' Equity 34,462 34,368 34,679 34,781 35,320 35,120 35,242 34,314 35,935 36,684 33,126 33,553 33,150 33,027 32,834 32,587 32,001 31,304 27,416 27,259 21,436 18,537 18,292 19,822 19,453 21,924 20,922 20,839 20,659 20,564 (1,099) (1,106) (1,177) (1,193) (1,189) (1,181) (1,144) (1,691) (1,700) (1,679) (1,684) (930) (904) 502 708 665 710 583 1,287 1,081 1,402 1,483 2,036 2,113 2,203.8 2,632.0 2,763.9 376.4 365.5 310.6 422.2 438.3 469.3 579.9 145.8 3,220.3 5.5 78.0 81.7 2,339.3 48.0 11.4 (43.7) (96.8) (47.1) (16.0) (188.6) (245.8) 45.8 298.9 317.8 (18.3) (88.1)
Total Liabilities & Equity 147,482 141,740 129,331 125,022 126,425 125,380 124,429 121,339 115,789 113,698 107,571 105,132 104,521 105,643 105,735 108,769 109,192 105,963 96,698 96,242 96,218 95,144 95,195 95,907 95,541 98,973 91,856 90,812 89,773 88,246 88,187 87,417 82,909 86,246 85,380 82,609 80,997 78,925 76,839 74,560 72,765 71,189 70,168 69,145 67,004 64,279 64,681 58,615 57,769 50,330 50,043 50,143 50,140 0 0 30,814.4 30,396.6 20,843.3 20,392.8 19,889.7 17,420.6 17,258.1 16,686.9 16,192.5 12,430.8 12,160.5 11,769.0 11,437.8 11,072.7 11,069.9 11,267.9 10,556.8 9,986.4 9,191.9 8,183.1 8,072.4 7,787.2 7,365.4 5,924.1 5,070.2 4,886.9 5,322.8 4,917.1
Debt Metrics
Total Debt 71,106 71,608 63,974 61,576 60,607 60,558 60,065 58,432 54,227 53,222 48,901 48,962 48,067 49,107 48,252 48,951 50,330 50,566 46,316 47,147 48,607 52,331 52,400 52,242 51,207 52,019 47,722 47,372 47,419 46,028 44,772 44,633 42,188 44,084 45,211 44,454 42,975 44,052 41,324 39,621 38,331 36,968 36,347 34,915 33,653 30,485 29,939 27,318 26,293 23,199 22,309 22,759 23,294 0 0 18,073.4 17,500.3 11,371.0 11,676.9 11,146.8 9,605.3 9,381.4 8,835.3 8,951.4 7,465.0 7,791.9 7,786.2 7,309.7 7,204.1 7,235.6 7,227.4 6,513.9 6,259.2 6,045.0 5,245.7 5,038.1 4,955.2 4,515.5 3,246.3 2,213.4 1,934.7 2,477.6 2,332.4
Net Debt 70,155 70,336 60,400 61,334 60,154 60,246 59,766 57,782 52,281 53,061 48,387 48,632 47,737 48,850 47,926 48,598 49,219 50,230 46,003 46,865 48,252 51,964 52,125 52,087 51,011 51,728 47,511 46,927 46,890 45,609 44,374 44,114 41,641 43,748 44,742 44,079 42,605 43,585 40,852 39,146 37,524 36,362 35,328 33,292 31,790 29,638 28,831 26,084 25,283 22,609 21,132 22,138 22,680 0 0 17,856.2 17,207.3 11,244.7 11,509.1 10,998.3 9,462.3 9,295.1 8,747.2 8,867.2 7,080.6 7,723.6 7,736.1 7,195.4 7,097.7 7,143.6 6,601.3 6,444.9 6,128.6 5,991.5 5,168.4 4,933.4 4,865.1 4,266.9 3,220.0 2,186.6 1,900.8 2,439.1 2,298.9
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 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
Operating Activities
Net Income 1,253 1,238 1,292 1,458 1,720 1,447 1,434 1,992 1,692 1,567 1,047 1,233 1,447 1,437 1,322 1,622 1,487 1,231 907 908 3,641 833 (401) 672 (964) 1,350 1,187 1,209 1,118 852 1,391 633 489 1,155 758 121 319 (760) 41 424 336 (138) 238 772 221 (294) 470 500 448 (701) 356 338 322 272.0 (34) 75 961 161.8 60.7 106.7 199.1 157.8 (4.8) (20.5) 204.1 242.1 34.3 141.8 279.8 22.6 (81.5) 307.3 126.7 51.5 51.9 31.0 205.4 31.0 (0.2) (225.1) 292.8 39.6 0 0
Depreciation & Amortization 1,583 1,491 1,440 1,384 1,367 1,374 1,324 1,213 1,254 1,158 1,107 1,061 1,059 1,060 1,030 1,046 1,028 980 943 940 954 963 912 936 867 804 784 785 774 750 750 694 665 714 642 607 628 614 548 486 562 548 524 514 493 476 425 450 373 351 332 318 312 281.9 211 206 154 166.1 138.4 148.5 139.3 126.5 120.3 98.0 86.3 85.4 84.7 79.2 75.7 0 0 63.7 63.7 57.6 57.7 38.1 64.2 38.1 37.3 0 0 0 0 0
Stock-Based Compensation 0 38 40 33 37 38 37 30 46 31 35 27 37 27 27 25 36 30 26 27 28 28 30 41 22 28 27 29 29 23 27 32 23 23 29 20 27 24 23 22 1 23 20 25 23 22 20 20 20 18 16 11 16 12.6 10 12 12 0 11.3 11.7 11.4 7.7 7.7 8.1 7.7 24.9 6.9 8.1 7.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 216 (1,493) (186) (175) (122) (386) (230) (453) 873 (1,633) 295 86 801 (1,290) 519 (411) (320) (455) 309 128 533 (47) 135 (217) 176 (271) 1 66 (279) (134) 66 (400) 757 (414) 774 (397) (185) (99) 121 (163) 90 (333) 55 (682) (204) (351) (381) 255 246 233 (89) 3 (296) (431.2) 33 (3) (150) (76.0) 213.0 58.9 (37.7) (171.3) 94.5 174.6 161.7 (362.2) (52.1) (53.6) 115.9 (212.5) 193.8 140.8 9.4 1.1 66.1 87.7 6.6 87.7 (37.6) 0 0 (74.7) 0 0
Other Non-Cash Items 272 514 (75) 39 (69) 6 199 (500) (160) 157 (164) 48 (47) 75 40 (3) 107 11 12 (65) (67) 78 1,586 (184) 1,685 100 20 (50) 75 728 (31) (19) 217 1,398 (133) 319 (55) 1,316 170 (343) 42 613 240 (148) 22 799 30 (154) (149) 872 (71) 62 (27) 31.8 219 50 (896) 21.9 (18.3) 15.5 45.0 38.5 (91.9) 66.7 14.4 4.2 1.0 63.3 (71.6) 317.1 (125.0) (64.6) 62.8 (11.7) (18.7) (70.3) 155.2 (70.3) (57.8) 261.7 74.7 0 (160.4) 104.6
Operating Cash Flow 3,417 1,898 2,572 2,762 2,917 2,590 2,874 2,270 3,772 1,296 2,373 2,536 3,350 1,338 2,989 2,354 2,370 1,739 2,263 2,005 5,155 1,906 2,367 1,364 1,868 2,037 2,072 2,079 1,815 2,211 2,133 1,023 2,139 1,125 1,874 537 893 1,027 872 533 985 922 1,033 538 575 668 612 1,066 829 572 720 797 330 180.8 472.8 345.1 79.4 273.7 404.6 340.2 358.1 159.2 125.7 326.9 475.0 2.0 67.9 335.7 317.8 127.2 131.9 299.9 264.8 97.3 155.0 155.5 358.1 85.9 (58.3) 36.7 367.5 (35.1) (160.4) 104.6
Investing Activities
Capital Expenditure (1,916) (2,123) (1,297) (1,659) (1,224) (1,472) (1,086) (811) (795) (704) (701) (876) (853) (888) (1,035) (706) (752) (776) (617) (731) (698) (1,100) (1,138) (1,271) (1,621) (1,779) (1,363) (1,668) (1,150) (2,232) (1,636) (1,802) (1,737) (2,342) (3,232) (1,420) (1,450) (1,969) (2,400) (1,775) (1,948) (2,698) (2,507) (2,023) (2,158) (1,667) (1,577) (1,195) (942) (1,001) (1,000) (743) (761) (1,032.3) (944.8) (699.4) (594.5) (578.2) (437.9) (514.6) (279.6) (384.9) (495.7) (509.7) (119.7) (45.2) (190.9) (256.7) (255.9) (565.6) (537.4) (499.1) (452.7) (501.3) (297.4) (256.3) (305.8) (237.1) (169.6) (255.5) (168.0) (87.1) (77.9) (43.4)
Acquisitions (686) (1,891) (262) (95) (13) (47) (3,188) 859 (451) (289) (4) (1,042) 3 (79) (171) 24 (589) (205) 65 (2) (2) (1) 29 87 97 (829) (227) (228) 60 (209) (90) 318 (13) 1,430 (9) (353) 1,559 (1,143) (349) (113) (33) (303) (59) (114) (469) (645) (1,526) 244 117 (365) 1,318 (6) (1) 170.4 (56.3) 1,498.7 (2,981.8) (149.9) (0.2) (1,957.2) (14.1) (114.1) (194.3) 20.2 (149.6) 571.1 (170.4) (364.9) (5.5) (22.8) (5.2) (16.0) (40.8) (336.7) (3.2) (4.4) (50.2) (32.8) (550.2) (6.0) (2.1) (27.9) (14.0) (4.8)
Purchases of Investments (22) 0 0 0 0 0 0 0 0 (1) (4) 0 0 0 0 0 0 0 0 (2) (2) 0 (21) (7) (9) (42) (227) (226) (28) (13) 0 (5) (8) (38) (5) (114) (111) (21) (17) 1 (31) 30 (32) (9) (34) (70) (194) (20) (50) 3 (1) (1) (1) 0 (15) (5) (15) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (15.4) 0 0 (1.6) (952.8) 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,779 1,363 1,668 1,150 2,232 0 1,802 1,737 2,342 3,232 1,420 1,450 1,969 2,400 1,775 (1,889) 2,698 2,507 2,023 2,158 1,667 1,577 1,195 942 1,001 1,000 743 761 0 0 0 0 0 0 0 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 54 68 31 53 39 50 990 (3) 50 29 35 30 47 22 83 (1) 70 113 (26) 39 65 64 10 23 19 (1,640) (1,027) (1,390) (1,130) (2,090) 100 (1,749) (1,680) (2,238) 14 (1,264) (1,245) (1,860) (2,302) (1,721) 1,959 (2,661) (2,396) (1,965) (2,082) (1,506) (1,186) (1,091) (868) (1,152) (716) (727) (698) 278.9 121.3 (1,375.5) 1,419.2 191.1 (153.4) 17.5 3.4 66.7 78.5 (30.6) 3.2 (646.0) 11.1 122.4 (115.0) 40.2 3.3 6.5 74.0 18.3 (4.7) (30.8) 11.7 7.5 (2.3) 0.7 3.3 20.2 (3.2) 195.2
Investing Cash Flow (2,570) (3,946) (1,528) (1,701) (1,198) (1,469) (3,284) 45 (1,196) (964) (670) (1,888) (803) (945) (1,123) (683) (1,271) (868) (578) (694) (635) (1,037) (1,120) (1,168) (1,514) (2,511) (1,481) (1,844) (1,098) (2,312) (1,626) (1,436) (1,701) (846) (3,232) (1,731) 203 (3,024) (2,668) (1,833) (1,942) (2,934) (2,487) (2,088) (2,585) (2,221) (2,906) (867) (801) (1,514) 601 (734) (700) (583.0) (879.8) (576.1) (2,157.2) (536.9) (591.5) (2,454.3) (290.3) (432.3) (611.5) (520.0) (266.1) (120.0) (350.2) (499.1) (376.4) (548.2) (539.4) (508.6) (419.4) (835.2) (305.4) (291.5) (346.0) (1,215.3) (722.1) (260.8) (166.8) (94.7) (95.1) 147.0
Financing Activities
Net Debt Issuance 552 1,410 2,388 948 72 503 1,634 720 1,884 897 (51) 886 (1,023) 867 (689) (1,251) 230 (54) (817) (1,452) (3,728) (51) 152 970 (815) 1,604 340 (24) 478 1,250 140 577 (2,031) (1,112) 806 1,468 (1,077) 2,643 1,835 1,169 1,328 943 1,519 1,372 2,793 787 1,643 866 1,193 654 (429) (180) 938 1,085.1 74 550 2,313 (300.5) 516.4 1,548.7 233.5 552.6 (110.4) 65.9 (162.1) 1.5 433.4 118.3 (38.8) (26.7) 733.8 247.2 335.8 801.5 208.1 1,199.0 (1,223.6) 1,199.0 1,050.2 256.6 (522.1) 143.9 728.1 (236.0)
Stock Repurchased 0 0 0 0 0 0 0 (2,534) (932) 0 0 0 0 0 0 0 0 (31) 0 0 0 0 0 0 0 (25) 0 0 0 0 0 0 (24) 0 0 0 (53) 0 0 0 0 0 (770) (294) 0 0 0 (634) (366) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (237.8) 34.2 0 0 0 0
Dividends Paid (1,168) (1,221) (1,150) (1,221) (1,133) (1,190) (1,100) (1,205) (1,128) (1,124) (1,029) (1,094) (1,001) (929) (775) (735) (608) (515) (484) (491) (406) (405) (819) (814) (770) (751) (753) (748) (799) (798) (353) (265) (265) (256) (251) (251) (250) (239) (240) (241) (299) (297) (281) (265) (244) (223) (205) (196) (195) (187) (184) (181) (179) (175.4) (176) (175) (140) (918.3) (139.8) (125.3) (120.8) (297.6) (120.8) (120.8) (120.8) (222.8) (215.3) (212.8) (201.2) (107.3) (52.9) (258.5) (122.9) (87.2) (83.3) (39.9) (114.0) (39.9) (30.3) 0 0 (9.0) 0 0
Other Financing Activities (552) (443) (423) (499) (517) (421) (475) (592) (615) (458) (439) (440) (450) (400) (429) (443) 54 (248) (352) (330) (398) (321) (463) (394) (444) (274) (414) (326) (286) (326) (862) (846) (667) 1,514 (344) (90) 119 (858) (824) (371) (535) (382) (399) (419) (380) (448) (501) (11) (240) (421) (152) (381) (339) (326.3) (230) (225) (313.5) 541.2 (199.7) (220.7) (181.2) (48.8) (191.6) (122.2) (114.4) 0 0 0 87.2 20.9 178.0 158.3 (19.0) (0.2) (1.8) (20.9) 20.3 (20.9) (2.3) (547.9) 316.8 (0.1) (460.8) (27.3)
Financing Cash Flow (1,168) (254) 2,288 (1,272) (1,578) (1,108) 59 (3,611) (791) (685) (1,519) (648) (2,474) (462) (1,893) (2,429) (324) (848) (1,654) (1,384) (4,532) (777) (1,127) (237) (449) 554 (825) (319) (607) 126 (626) 385 (2,967) (350) 1,384 1,128 (1,209) 2,008 1,793 968 1,158 1,599 850 1,310 3,026 1,292 2,168 25 392 355 (765) (56) 612 602.4 361.9 155.1 2,244.5 221.8 206.1 2,119.5 (11.1) 271.2 489.6 (107.0) 107.2 136.1 218.1 171.3 73.0 (113.1) 964.7 147.0 228.8 714.1 123.0 150.7 (170.7) 1,351.8 779.8 217.0 (205.3) 134.8 267.4 (263.3)
Cash Position
Net Change in Cash (321) (2,302) 3,332 (211) 141 13 (351) (1,296) 1,785 (353) 184 0 73 (69) (27) (758) 775 23 31 (73) (12) 92 120 (41) (95) 80 (234) (84) 110 21 (121) (28) 211 (133) 94 5 (113) 11 (3) (332) 201 (413) (604) (240) 1,016 (261) (126) 224 420 (587) 556 7 242 199.9 (45.1) (75.9) 166.7 (41.4) 19.2 5.4 56.8 (1.8) 3.9 (300.2) 316.1 18.1 (64.2) 7.9 14.4 (534.1) 557.2 (61.7) 74.1 (23.8) (27.4) 14.6 (158.6) 222.5 (0.6) (7.1) (4.5) 5.0 11.9 (11.7)
Cash at Beginning 1,272 3,574 242 453 312 299 650 1,946 161 514 330 330 257 326 353 1,111 336 313 282 355 367 275 155 196 291 211 445 529 419 398 519 547 336 469 375 370 483 472 475 807 606 1,019 1,623 1,863 847 1,108 1,234 1,010 590 1,177 621 614 372 172.1 217.2 293.1 126.3 167.7 148.5 143.0 86.3 88.1 84.2 384.4 68.3 50.2 114.4 106.4 92.0 626.1 68.9 130.7 56.6 77.3 104.7 90.1 248.7 26.2 26.8 33.9 38.4 33.5 21.6 33.3
Cash at End 951 1,272 3,574 242 453 312 299 650 1,946 161 514 330 330 257 326 353 1,111 336 313 282 355 367 275 155 196 291 211 445 529 419 398 519 547 336 469 375 370 483 472 475 807 606 1,019 1,623 1,863 847 1,108 1,234 1,010 590 1,177 621 614 372 172.1 217.2 293.1 126.3 167.7 148.5 143.0 86.3 88.1 84.2 384.4 68.3 50.2 114.4 106.4 92.0 626.1 68.9 130.7 53.5 77.3 104.7 90.1 248.7 26.2 26.8 33.9 38.4 33.5 21.6
Free Cash Flow 1,501 (225) 1,275 1,103 1,693 1,118 1,788 1,459 2,977 592 1,672 1,660 2,497 450 1,954 1,648 1,618 963 1,646 1,274 4,457 806 1,229 93 247 258 709 411 665 (21) 497 (779) 402 (1,217) (1,358) (883) (557) (942) (1,528) (1,242) (963) (1,776) (1,474) (1,485) (1,583) (999) (965) (129) (113) (429) (280) 54 (431) (851.5) (472.1) (354.3) (515.2) (304.4) (33.3) (174.4) 78.6 (225.7) (370.0) (182.8) 355.3 (43.1) (123.0) 79.0 62.0 (438.4) (405.5) (199.2) (187.9) (404.1) (142.4) (100.8) 52.3 (151.2) (227.9) (218.8) 199.5 (122.2) (238.3) 61.3
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
Income Statement
Revenue 27,771 22,410 19,954 19,242 21,020 19,541 20,772 20,729 21,629 20,532 20,739 18,320 18,995 20,501 22,939 25,945 20,491 18,657 16,664 15,101 16,995 10,034 9,955 7,338 11,627 13,720 13,495 13,877 13,121 13,573 14,514 14,118 11,882 11,452 9,474 8,935 11,247 10,803 9,675 9,344 7,977 9,536 10,616 11,594 10,380 13,481 14,987 14,143 13,080 12,607 12,486 12,063 11,179 11,313 2,171.0 1,976.3 1,689.1 2,178.8 2,097.9 1,974.9 1,989.1 1,775.8 1,587.8 1,368.5 1,872.0 1,505.8 1,129.8 1,151.7 1,630.0 1,794.7 2,206.1 2,653.4 2,639.2 1,628.1 1,626.3 1,714.8 1,714.8 1,388.4 1,572.3 1,420.3 2,449.8 2,416.6 1,833.0 2,031.7 1,439.8
Gross Profit 6,622 5,780 5,392 2,685 4,150 4,103 3,802 3,893 3,894 3,732 3,575 3,134 3,360 3,194 3,450 3,370 3,404 3,051 2,578 2,729 5,227 2,671 2,806 2,451 2,457 2,833 2,825 2,784 2,836 2,787 2,637 2,003 1,913 2,061 1,767 1,647 1,584 1,620 1,428 1,519 1,386 1,345 1,368 1,643 1,309 1,252 1,437 1,381 1,238 1,017 1,030 1,138 1,028 957 680 723.4 492.0 573.2 510.5 488.0 567.0 (59.6) 592.7 524.2 647.1 647.0 451.7 525.7 670.8 (188.0) 572.6 332.1 659.5 480.2 408.7 427.4 278.5 301.1 (172.2) 273.0 341.3 223.3 (112.0) 214.8 228.7
Operating Income 2,983 2,370 2,151 2,428 2,491 2,279 2,181 2,298 2,380 2,165 2,233 1,835 2,062 1,806 1,973 2,113 1,846 1,689 1,437 1,597 4,069 1,339 244 1,336 61 1,701 1,856 1,819 1,865 1,419 1,703 1,126 1,100 285 931 743 757 (726) 646 805 701 236 650 896 617 165 822 773 710 (153) 529 644 531 432.7 359 378.7 182.6 340.0 270.0 260.6 364.2 316.5 202.1 179.4 338.9 365.8 173.5 215.0 356.1 252.8 256.3 221.9 367.9 217.3 167.1 187.3 187.3 103.1 68.6 115.4 223.2 167.9 63.0 75.4 117.2
Net Income 1,253 1,460 1,019 1,099 1,323 1,077 1,183 1,314 1,240 1,327 584 911 1,113 1,155 1,006 1,326 1,269 820 634 625 3,285 636 (782) 353 (855) 1,011 857 878 807 617 370 355 363 251 240 212 239 233 209 241 311 314 291 298 282 111 188 163 168 (171) 151 127 90 48.9 34.9 53.9 166 85.5 68.9 66.1 88.4 75.8 (15.3) 19.2 112.4 139.2 46.8 104.1 151.5 22.6 105.4 120.0 126.7 51.5 51.9 89.1 89.1 31.0 (0.2) 43.3 24.4 39.6 13.7 79.8 38.9
EPS (Diluted) 0.35 0.40 0.27 0.32 0.36 0.29 0.32 0.35 0.32 0.37 0.15 0.25 0.32 0.34 0.29 0.39 0.37 0.29 0.20 0.20 1.21 0.19 -0.29 0.13 -0.32 0.38 0.33 0.33 0.31 0.26 0.32 0.30 0.30 0.21 0.21 0.18 0.21 0.21 0.19 0.21 0.30 0.30 0.28 0.28 0.26 0.11 0.17 0.15 0.15 -0.15 0.12 0.11 0.08 0.04 0.03 0.05 0.18 0.10 0.08 0.07 0.10 0.09 -0.02 0.02 0.13 0.16 0.05 0.12 0.17 0.03 0.12 0.13 0.14 0.06 0.05 0.10 0.10 0.05 -0.00 0.08 0.04 0.07 -0.03 0.15 0.07
Balance Sheet
Cash & Equivalents 951 1,272 3,574 242 453 312 299 650 1,946 161 514 330 330 257 326 353 1,111 336 313 282 355 367 275 155 196 291 211 445 529 419 398 519 547 336 469 375 370 483 472 475 807 606 1,019 1,623 1,863 847 1,108 1,234 1,010 590 1,177 621 614 372 172.1 217.2 293.1 126.3 167.7 148.5 143.0 86.3 88.1 84.2 384.4 68.3 50.2 114.4 106.4 92.0 626.1 68.9 130.7 53.5 77.3 104.7 90.1 248.7 26.2 26.8 33.9 38.4 33.5
Total Assets 147,482 141,740 129,331 125,022 126,425 125,380 124,429 121,339 115,789 113,698 107,571 105,132 104,521 105,643 105,735 108,769 109,192 105,963 96,698 96,242 96,218 95,144 95,195 95,907 95,541 98,973 91,856 90,812 89,773 88,246 88,187 87,417 82,909 86,246 85,380 82,609 80,997 78,925 76,839 74,560 72,765 71,189 70,168 69,145 67,004 64,279 64,681 58,615 57,769 50,330 50,043 50,143 50,140 48,904 33,597.6 33,113.2 32,822.1 20,896.8 20,443.3 19,866.2 17,510.2 17,378.7 16,851.3 16,362.0 12,491.1 12,160.5 11,684.5 11,435.3 11,037.3 11,069.9 11,267.9 10,556.8 9,986.4 9,191.9 8,183.1 8,072.4 7,787.2 7,365.4 5,924.1 5,070.2 4,886.9 5,322.8 4,917.1
Total Debt 71,106 71,608 63,974 61,576 60,607 60,558 60,065 58,432 54,227 53,222 48,901 48,962 48,067 49,107 48,252 48,951 50,330 50,566 46,316 47,147 48,607 52,331 52,400 52,242 51,207 52,019 47,722 47,372 47,419 46,028 44,772 44,633 42,188 44,084 45,211 44,454 42,975 44,052 41,324 39,621 38,331 36,968 36,347 34,915 33,653 30,485 29,939 27,318 26,293 23,199 22,309 22,759 23,294 0 0 18,073.4 17,500.3 11,371.0 11,676.9 11,146.8 9,605.3 9,381.4 8,835.3 8,951.4 7,465.0 7,791.9 7,786.2 7,309.7 7,204.1 7,235.6 7,227.4 6,513.9 6,259.2 6,045.0 5,245.7 5,038.1 4,955.2 4,515.5 3,246.3 2,213.4 1,934.7 2,477.6 2,332.4
Stockholders' Equity 34,462 34,368 34,679 34,781 35,320 35,120 35,242 34,314 35,935 36,684 33,126 33,553 33,150 33,027 32,834 32,587 32,001 31,304 27,416 27,259 21,436 18,537 18,292 19,822 19,453 21,924 20,922 20,839 20,659 20,564 (1,099) (1,106) (1,177) (1,193) (1,189) (1,181) (1,144) (1,691) (1,700) (1,679) (1,684) (930) (904) 502 708 665 710 583 1,287 1,081 1,402 1,483 2,036 2,113 2,203.8 2,632.0 2,763.9 376.4 365.5 310.6 422.2 438.3 469.3 579.9 145.8 3,220.3 5.5 78.0 81.7 2,339.3 48.0 11.4 (43.7) (96.8) (47.1) (16.0) (188.6) (245.8) 45.8 298.9 317.8 (18.3) (88.1)
Cash Flow
Operating Cash Flow 3,417 1,898 2,572 2,762 2,917 2,590 2,874 2,270 3,772 1,296 2,373 2,536 3,350 1,338 2,989 2,354 2,370 1,739 2,263 2,005 5,155 1,906 2,367 1,364 1,868 2,037 2,072 2,079 1,815 2,211 2,133 1,023 2,139 1,125 1,874 537 893 1,027 872 533 985 922 1,033 538 575 668 612 1,066 829 572 720 797 330 180.8 472.8 345.1 79.4 273.7 404.6 340.2 358.1 159.2 125.7 326.9 475.0 2.0 67.9 335.7 317.8 127.2 131.9 299.9 264.8 97.3 155.0 155.5 358.1 85.9 (58.3) 36.7 367.5 (35.1) (160.4) 104.6
Capital Expenditure (1,916) (2,123) (1,297) (1,659) (1,224) (1,472) (1,086) (811) (795) (704) (701) (876) (853) (888) (1,035) (706) (752) (776) (617) (731) (698) (1,100) (1,138) (1,271) (1,621) (1,779) (1,363) (1,668) (1,150) (2,232) (1,636) (1,802) (1,737) (2,342) (3,232) (1,420) (1,450) (1,969) (2,400) (1,775) (1,948) (2,698) (2,507) (2,023) (2,158) (1,667) (1,577) (1,195) (942) (1,001) (1,000) (743) (761) (1,032.3) (944.8) (699.4) (594.5) (578.2) (437.9) (514.6) (279.6) (384.9) (495.7) (509.7) (119.7) (45.2) (190.9) (256.7) (255.9) (565.6) (537.4) (499.1) (452.7) (501.3) (297.4) (256.3) (305.8) (237.1) (169.6) (255.5) (168.0) (87.1) (77.9) (43.4)
Free Cash Flow 1,501 (225) 1,275 1,103 1,693 1,118 1,788 1,459 2,977 592 1,672 1,660 2,497 450 1,954 1,648 1,618 963 1,646 1,274 4,457 806 1,229 93 247 258 709 411 665 (21) 497 (779) 402 (1,217) (1,358) (883) (557) (942) (1,528) (1,242) (963) (1,776) (1,474) (1,485) (1,583) (999) (965) (129) (113) (429) (280) 54 (431) (851.5) (472.1) (354.3) (515.2) (304.4) (33.3) (174.4) 78.6 (225.7) (370.0) (182.8) 355.3 (43.1) (123.0) 79.0 62.0 (438.4) (405.5) (199.2) (187.9) (404.1) (142.4) (100.8) 52.3 (151.2) (227.9) (218.8) 199.5 (122.2) (238.3) 61.3