Edwards Lifesciences Corporation logo EW - Edwards Lifesciences Corporation

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BUY 32
HOLD 16
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| PRICE TARGET: $97.08 DETAILS
HIGH: $110.00
LOW: $85.00
MEDIAN: $95.00
CONSENSUS: $97.08
UPSIDE: 13.17%
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 1,648.6 1,569.6 1,553.1 1,532.2 1,412.7 1,385.8 1,354.4 1,385.9 1,329.9 1,266.4 1,243.4 1,295.5 1,459.6 1,348.3 1,319 1,373.9 1,341.2 1,329.7 1,310.2 1,376 1,216.6 1,191.7 1,140.9 925 1,128.7 1,174.1 1,094 1,086.9 993 977.7 906.6 943.7 894.8 888.5 821.5 841.8 883.5 767.7 739.4 759.3 697.3 671.1 615.5 616.8 590.3 618 607.4 575.1 522.4 536 495.6 517.2 496.7 510.5 447.9 482 459.2 430.2 412.7 431.2 404.5 392.4 348.9 365.2 340.5 346.7 325.7 335.5 313.5 309.7 303.6 327.6 296.8 293 261.4 272.6 264.1 265.6 247.4 267.3 257 249.7 240.9 258.2 249.1 237.1 224.8 234.6 235 224.1 217.8 203.1 172.8 159.9 192.4 191.9 216.5 185.8 205 226
Cost of Revenue 359.3 340.6 345.2 342.6 301.6 292.2 262.9 297.8 289.3 251 272.2 270.8 359.3 295.6 280.9 285.7 306.6 311.1 300.9 326 287.9 295 286.9 245.9 271.2 295.4 305.2 315.3 239.4 236.2 220.3 233.5 232.1 235.1 216.4 208.9 218.1 210.3 198.1 202.5 180.3 175.9 146.7 158.6 136 160.4 168.1 151.2 145.9 145.5 129.7 125 122.2 125.8 111.7 129.8 127.3 119.6 125.6 127.8 116.8 113.5 95.8 100.4 98.6 101.7 98.5 101.9 97 98.8 104.9 113 102.9 99.6 90.7 94.7 93.2 97.4 87.4 95.7 93 89.6 90.9 97.9 96.2 91.2 87.9 92.4 98.7 93.8 89.6 85.7 74.4 68.2 95.2 96.2 142.6 86.6 101 106
Gross Profit 1,289.3 1,229 1,209.6 1,189.6 1,111.1 1,093.6 1,091.5 1,088.1 1,040.6 1,015.4 971.2 1,024.7 1,100.3 1,052.7 1,038.1 1,088.2 1,034.6 1,018.6 1,009.3 1,050 928.7 896.7 854 679.1 857.5 878.7 788.8 771.6 753.6 741.5 686.3 710.2 662.7 653.4 605.1 632.9 665.4 557.4 541.3 556.8 517 495.2 468.8 458.2 454.3 457.6 439.3 423.9 376.5 390.5 365.9 392.2 374.5 384.7 336.2 352.2 331.9 310.6 287.1 303.4 287.7 278.9 253.1 264.8 241.9 245 227.2 233.6 216.5 210.9 198.7 214.6 193.9 193.4 170.7 177.9 170.9 168.2 160 171.6 164 160.1 150 160.3 152.9 145.9 136.9 142.2 136.3 130.3 128.2 117.4 98.4 91.7 97.2 95.7 73.9 99.2 104 120
Operating Expenses
R&D Expenses 263.3 267.7 280.7 276.2 254.6 271.1 253.4 272.6 256.7 242.1 242.8 243.7 261.2 232.2 233.6 250.8 228.6 232.8 238 225.3 207 195.7 195.5 182.1 187.4 193.9 195.5 191.9 171.4 163.1 161.8 154.1 143.2 146.6 142.9 134.4 128.7 114.9 113 112.9 102.4 98.2 101 97.5 86.4 84 87.6 89.1 85.8 78.6 84.1 80.5 79.8 74.9 73.8 74 68.6 60.7 61.7 64.9 59 55.9 52.7 50.6 45.2 48.3 44.7 42.6 39.9 35.8 35.1 35.4 32.9 33.5 30.9 29.1 28.8 30 28.1 28.9 27 25.8 24 24.2 25 23.4 21.9 20.7 21 19 18 17.7 16.6 14.4 13.5 13.1 14.7 12.9 14 14
SG&A Expenses 522.2 602.9 514.6 502 465.7 491.9 421.4 450.8 428.4 416.6 381.9 410.4 436.3 411 377.3 409 370.3 424 364.1 374.1 330.9 338.7 307.5 275.8 308.6 347.7 306.8 309 280.6 288.3 269.1 273.9 254.9 265.4 244.2 243.7 229.1 233.6 229.5 228.8 212.7 222.3 212 213.9 202.5 223.1 222.2 215.5 197.2 190.5 180.5 189.4 185.2 177.9 167.8 182.4 177.2 163.4 165.5 163.2 150.3 142.4 133 140.6 134 132.3 126.1 128.5 121.9 120.2 119.3 126.5 114.6 114.5 103.2 101.7 98.6 95.1 91.7 97 92 87.1 85.9 90.1 85.6 82.7 79.7 81 76.5 72.2 75.8 68.7 54.3 50.1 52.7 53.8 57.6 46.6 59 60
Other Expenses (10.9) (11.9) (10.8) (19.5) (4) 18 66.1 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 34.1 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 (0.2) 0 0 0 0 0 0 0 0 0 (1.1) 0 0 0 (21.2) 0 0 0 (0.3) 0 0 0 15.4 0 3.3 0 (3.6) 0.2 84.3 1.8 (43.8) 15.4 23 21
Operating Expenses 774.6 858.7 784.5 758.7 716.3 781 740.9 723.4 685.1 658.7 624.7 654.1 697.5 643.2 610.9 659.8 598.9 656.8 602.1 599.4 537.9 534.4 503 457.9 496 541.6 502.3 500.9 452 451.4 430.9 428 398.1 412 387.1 378.1 357.8 348.5 342.5 341.7 315.1 320.5 313 311.4 288.9 307.1 309.8 304.6 283 269.1 264.6 269.9 265 252.8 241.6 256.4 245.8 224.1 227.2 228.1 209.3 198.3 185.7 191.2 179.2 180.6 170.6 171.1 161.8 156 154.4 161.9 159.2 148 134.1 130.8 126.3 125.1 119.8 125.9 98 112.9 109.9 114.3 110.3 106.1 101.6 101.7 112.9 91.2 97.1 86.4 67.3 64.7 150.5 68.7 27.9 74.9 96 95
Operating Income
Operating Income 514.7 370.3 425.1 430.9 394.8 312.6 350.6 364.7 355.5 356.7 346.5 370.6 402.8 409.5 427.2 428.4 435.7 361.8 407.2 450.6 390.8 362.3 351 221.2 361.5 337.1 286.5 270.7 301.6 290.1 255.4 282.2 264.6 241.4 218 254.8 307.6 208.9 198.8 180.6 201.9 174.7 155.8 146.8 165.4 140.3 129.5 119.3 93.5 121.4 101.3 122.3 109.5 131.9 94.6 95.8 86.1 86.5 59.9 75.3 78.4 80.6 67.4 73.6 62.7 64.4 56.4 62.5 54.7 54.9 44.3 52.7 34.7 45.4 36.6 47.1 44.6 43.1 40.2 45.7 66 47.2 40.1 46 42.6 39.8 35.3 40.5 23.4 39.1 31.1 31 31.1 27 (53.3) 27 46 24.3 8 25
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.1 1 1.2 2.4 2.5 1.3 1 0.8 0 0 0 0 0 0 0 2.1 0.2 0 0 0 1.5 2.5 8.6 0 2.4 2.4 2.6 2.5 1.8 2.4 1.7 2.5 3.1 3.5 4 1 0.4 0 1.2 0.9 0 1.1 0.9 1 0.7 0.5 0.5 0.7 0.5 0.2 0.5 0.9 0.2 0.8 0 0 0.4 0.4 0 0.4 0.4 0.2 0 0.8 0.6 0.9 9.7 2.2 3.3 2.8 14.2 3.4 3.6 3.7 13.2 3.5 11.5 3 23 10.9 5.5 0 0 0 0
Interest Income 33.5 35.9 38.6 37.4 19.5 44.2 23.5 16.5 19 16.8 16.3 12.9 6.9 6.3 5.1 0 0 0 0 0 0 0 0 0.2 2.8 2.7 1.1 0.7 0.4 0.1 0 0 21 0 0 0 0 0 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 1.2 1.2 0.1 1.1 0.9 1 1 0.5 0.1 0.3 0 0.3 0.3 0.3 0 0.7 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 0 0 0
Profitability
EBITDA 514.7 133.1 387.6 400.2 470.5 483.7 428.8 426.2 409.7 403.9 424.5 311.2 440.6 501.3 449.4 506.7 478.9 417.6 434 590.8 430.3 397.2 398.1 (137.1) 395.7 346 331.7 299.1 304.3 18.1 270 270.4 282.6 342.9 232.5 226 317.2 228.1 203.4 199 218.4 190.4 174.3 163.6 181.4 168.8 147.5 135.4 109.7 125.4 122.5 141.2 127.6 138.5 108.7 105.1 99.9 84.3 72.5 88.3 99.6 86 80.3 80.8 79.8 77.1 110.5 78.2 100 42.5 58.1 68 50.3 59.1 50.6 60.8 58 57.7 54 59.9 80.2 61.6 54.1 60.2 56.2 54.4 50.6 53.6 36.1 50.7 42.4 42 40.7 39.6 (36.3) 43.3 60.6 39.7 31 46
EBIT 514.7 90.4 348.4 362.1 433.9 441.1 394.3 386.6 371.2 367.2 387.6 275.1 398.6 459.3 407.3 465.8 437.1 377.5 393.3 548 390.6 357.1 365.1 (168.2) 364.5 315.5 301.7 271.3 278 (1.8) 250.8 251.2 263.5 321.7 211.8 207.1 296.1 209 185.2 181 202.5 171.6 155.8 146.8 165.4 818.9 129.5 119.3 93.5 106.6 105.5 126.5 113.5 123.4 94.3 91.1 86.1 69.5 58.6 73.5 85.1 70.6 66.9 67.1 65.8 62.9 95.1 63.3 85.8 28.2 44.3 54 36.8 45.4 36.6 47.1 44.6 43.1 40.2 45.7 66 47.2 40.1 46 42.6 39.8 35.3 40.5 23.4 39.1 31.1 31 31.1 27 (53.3) 27 46 24.3 8 25
Income Before Tax 459 90.4 348.4 400.2 433.9 390.1 402.8 386.6 371.2 367.2 387.6 275.1 398.6 459.3 407.3 464.7 436.1 376.3 390.9 545.5 389.3 356.1 364.3 (168.2) 364.5 315.5 301.7 271.3 278 (1.8) 248.7 251 263.5 323.9 211.8 205.6 293.6 200.4 185.2 169 183.3 167 150.7 142.2 162.5 132.9 120.6 813.2 77.3 101.5 99.9 121.8 192.1 122.2 93.4 89.9 85.6 68.6 57.6 72.8 84.6 70.1 66.2 66.4 65.5 62.4 94.2 62.8 85 34 43.6 52.1 34.7 19.6 38.8 46.8 44.6 23.7 36.7 45.5 66 43.5 15.3 15.3 42.6 34.1 19.5 34.1 (57.6) 27 29 29.3 43.8 22.8 (71.7) 20 33.7 7.2 (311) 23
Income Tax Expense 78.3 26.2 56.1 64.3 70.3 45.1 40.7 20.2 46.3 34.1 52.7 20.9 58.1 60.9 63.8 58.3 62.5 41 50.8 56 51.1 46.6 39.1 (46.3) 53.9 35.3 27 29 28.3 (8.8) 22.8 (31.7) 56.9 326.7 41.7 19.5 63.4 41.9 43.8 42.4 40.3 26.3 32.6 29.5 39.1 23.7 26 266.2 17 25.7 23 27.7 47.2 31.1 24.2 22.1 20.5 5.5 6 14.7 20.7 5.3 18.2 8.9 17.8 14.8 20.7 15.3 24.5 (4.1) 10.7 12.4 16.5 3.8 9.7 11.9 11.4 3 8.9 9.4 21 4.9 19.7 1.4 11.4 8.2 7.1 8.6 4.5 8.1 7.9 7.6 13.2 5.8 (16) 5.8 8.9 2.8 (2) 6
Net Income 380.7 91.2 291.1 329.8 358 385.6 3,070.8 363.7 351.9 369.9 384.9 307.1 340.5 398.4 343.5 406.4 373.6 335.3 340.1 489.5 338.2 309.5 325.2 (121.9) 310.6 280.2 274.7 242.3 249.7 7 225.9 282.7 206.6 35.7 170.1 186.1 230.2 158.5 141.4 126.6 143 140.7 118.1 112.7 123.4 109.2 94.6 547 60.3 75.8 76.8 93.3 143.9 91.1 69.2 67.8 65.1 63.1 51.6 58.1 63.9 64.8 48 57.5 47.7 47.6 73.5 47.5 60.5 38.1 32.9 39.7 18.2 15.8 29.1 34.9 33.2 20.7 27.8 36.1 46 38.6 (4.4) 13.9 31.2 25.9 12.4 25.5 (62.1) 18.9 21.1 21.7 30.6 16.5 (55.7) 12.7 24.8 4.4 (309) 17
Per Share Data
EPS (Basic) 0.66 0.16 0.50 0.57 0.61 0.65 5.14 0.61 0.58 0.61 0.63 0.51 0.56 0.65 0.55 0.65 0.60 0.54 0.55 0.79 0.54 0.50 0.52 -0.20 0.50 0.45 0.44 0.39 0.40 0.01 0.36 0.45 0.33 0.06 0.27 0.29 0.36 0.25 0.22 0.20 0.22 0.22 0.18 0.18 0.19 0.17 0.15 0.86 0.10 0.12 0.12 0.14 0.21 0.13 0.10 0.10 0.10 0.09 0.07 0.09 0.09 0.10 0.07 0.09 0.07 0.07 0.11 0.07 0.09 0.06 0.05 0.06 0.03 0.02 0.04 0.05 0.05 0.03 0.04 0.05 0.06 0.05 -0.01 0.02 0.04 0.04 0.02 0.04 -0.09 0.03 0.03 0.03 0.04 0.02 -0.08 0.02 0.04 0.01 -0.44 0.02
EPS (Diluted) 0.66 0.16 0.50 0.56 0.61 0.65 5.13 0.61 0.58 0.61 0.63 0.50 0.56 0.65 0.55 0.65 0.59 0.53 0.54 0.78 0.54 0.49 0.52 -0.20 0.49 0.44 0.43 0.38 0.39 0.01 0.35 0.44 0.32 0.06 0.26 0.29 0.35 0.24 0.22 0.19 0.22 0.21 0.18 0.17 0.19 0.17 0.14 0.85 0.09 0.11 0.11 0.14 0.21 0.13 0.10 0.10 0.09 0.09 0.07 0.08 0.09 0.10 0.07 0.08 0.07 0.07 0.10 0.07 0.09 0.06 0.05 0.06 0.03 0.02 0.04 0.05 0.04 0.03 0.04 0.05 0.06 0.05 -0.01 0.02 0.04 0.04 0.02 0.03 -0.09 0.03 0.03 0.03 0.04 0.02 -0.08 0.02 0.04 0.01 -0.44 0.02
Shares Outstanding 579.2 580.4 584.7 587 586.9 589.8 597.2 602.1 601.6 605.2 607 606.9 607.5 612.9 619.8 620.9 622.1 624.1 623.6 622.3 623.2 623.5 622.1 609.5 624.6 626.4 624.6 624.4 623.7 624.3 627 628.5 630.6 632.4 633.9 631.5 633.6 641.1 639.6 636.6 639.3 647.4 645.6 645.6 646.8 644.4 638.4 633.6 640.2 655.2 666 675.6 683.4 690 694.2 689.4 684 684.6 687.6 688.8 689.4 681.6 681.6 680.4 679.2 676.8 676.8 674.4 672 669.6 672 664.8 673.2 680.4 685.2 690 694.8 691.2 698.4 705.6 711.6 715.2 717.6 715.2 714 715.2 716.4 714 715.2 709.2 708 704.4 711.6 708 705.6 704.4 697.1 700.8 698.4 697.1
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
Current Assets
Cash & Cash Equivalents 2,446.5 2,938.5 2,685.6 3,272.8 3,140.6 3,045.2 3,676.4 1,644.5 1,224.6 1,132.3 1,410.1 1,042.6 872.5 769 1,247.8 1,198.1 1,030.9 862.8 1,506.9 1,312.8 1,174.2 1,183.2 1,024 903.5 662.9 1,179.1 1,186.6 726.8 709.2 714.1 1,261.3 1,226.4 1,227 818.3 630.3 508.2 819.3 930.1 645 369.9 501.4 320.3 321.2 334.1 183.1 146.7 175.7 40 37.9 61.1 50.7 29.8 34.2 39 23.5 61.6 17.9 28 13.2 2 6 0
Short-Term Investments 1,226 1,288.3 1,156.4 789.4 757.9 930.7 769.7 345.3 473 500.5 453.8 466.7 381.7 446.3 490.9 317.7 465 604 287.8 248.4 156.4 219.4 271.3 260.3 368.2 337.8 170.3 207.5 253.8 242.4 334.4 174.4 272.3 519.2 772.5 623.6 98.9 341 555.3 690.3 450.4 0 0 0 5.2 3.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 973 912.1 892.8 902.6 751.9 727.4 811.5 834.4 876.9 828.1 802.1 816.9 779.3 699.1 661.4 679.2 686.2 664.9 664.2 700.3 664.3 602.8 671.7 567.9 585.1 599.1 570 609.6 578 537.3 530.1 520.1 446.8 462.2 475 510.7 510.2 414.6 454.2 425.8 388.5 294 278.6 272.1 274.5 255.8 136.7 110.1 113.5 118.5 124.4 124.9 108.4 113.2 119 116.4 136.2 129 154.3 162 132 0
Inventory 1,119 1,126.2 1,140.9 1,141.7 1,113.9 1,086.7 1,104.2 1,024.7 1,207.3 903.5 1,032.4 980.2 914.3 875.5 757.8 740 730.6 726.7 737.8 759.5 767.9 802.3 773.3 735.1 662.2 640.9 611.1 624.9 630.9 607 583.8 568.1 573.9 554.9 538.4 491.6 431.4 396.6 401 367.6 356.6 182.3 174.6 165.9 160.9 146.1 158.3 119.5 114.5 120.5 125.6 116.3 111.8 84.4 80.7 77.2 88.4 73 78.4 95 156 169
Other Current Assets 328.5 338.8 358 360.7 337.1 374.4 251 556.9 250.6 542.5 235.8 217.4 190.3 195.9 267.6 248.8 234.5 237.1 241.9 233.3 229.1 208.2 171.5 166.2 163.7 168 144.4 130.2 141.5 131.8 150.4 137.1 118.9 116.9 97.4 95.2 105.6 111.8 66.1 81.5 73.6 73.3 65 83.4 77.1 61.5 25.9 8 9.4 18.3 28.4 29.2 31 22.9 25.9 22 24.8 43 31.3 36 24 187
Total Current Assets 6,228.7 6,738.9 6,358.9 6,577.2 6,212.7 6,285.4 6,727.7 4,516 4,170.5 4,035.7 4,067.5 3,647 3,257.2 3,095.8 3,513.9 3,263.1 3,241.3 3,180.7 3,515.5 3,322.9 3,069.2 3,091 2,980.4 2,690.3 2,507.9 2,984 2,739.7 2,354.7 2,368.8 2,286.9 2,912.6 2,696 2,716.9 2,532.1 2,566.4 2,283.4 2,018.4 2,240 2,171.4 1,985.1 1,819.3 918.9 872.7 889.2 745.6 649 564.8 333.3 326.7 360.2 388.2 351.1 326.4 297.3 274.9 316.2 306.4 282 277.2 295 318 356
Non-Current Assets
Property, Plant & Equipment 1,922.4 1,914.6 1,839.8 1,825.6 1,795.2 1,784.2 1,780.1 1,732.9 1,866.3 1,675.4 1,772.2 1,747.1 1,734.5 1,725.1 1,654.1 1,644.1 1,642.3 1,638.7 1,549.4 1,530.4 1,506.4 1,489.4 1,365.8 1,280.3 1,176.1 1,140.4 1,046.9 1,002.3 962.1 867.5 826.1 770.2 711.6 679.7 649.6 627.9 588.8 580 543.7 516.2 497.3 249.8 247.2 252 239.1 229.8 228 193.5 203.7 209.9 205.8 205.1 209.4 180.1 176.7 173.5 185.4 183 177.1 178 205 226
Goodwill 1,819.6 1,768.6 1,768.5 1,776.7 1,778.7 1,776.7 1,605.3 1,151 1,252.8 1,145.1 1,297.4 1,299.5 1,308.4 1,164.3 1,158.7 1,164.1 1,166.3 1,167.9 1,170.4 1,171.8 1,170.8 1,173.2 1,170 1,167.7 1,166.2 1,167.7 1,156.6 1,173.9 1,103.4 1,112.2 1,122.3 1,118.6 1,144.8 1,126.5 980.5 965.1 945.2 626.1 630 629.4 630.9 315.2 315.2 315.2 315.7 315.7 337.7 0 0 0 0 0 0 0 403 408 503.7 0 0 0 0 839
Intangible Assets 1,227.9 1,128.2 1,130.8 1,172.8 1,174.9 1,176.6 956.1 417.1 446.8 399.4 429.8 431.4 446.8 285.2 266.5 320.7 322 323.6 325.3 327 330.3 331.4 332.4 333.5 334.8 336.5 381.1 385.6 341.3 343.2 467.9 466 480.5 468 414.9 408.6 402.1 204.8 207 208.7 203.7 74.3 83.6 86.7 91.3 92.6 107 488.6 491.2 419.2 418.7 403.3 398.8 396.3 0 0 0 511 520.2 528 829 0
Long-Term Investments 838.1 773.9 274.7 298.5 277.9 307.9 319.6 353.3 455.6 583.9 704.6 856.2 1,066.7 1,239 1,381 1,490.8 1,623.7 1,834.2 1,282 1,014.2 802.2 801.6 599 594.4 587.8 585.5 386 412.9 453.7 506.3 479 470.4 532.1 567 567.5 551.5 519 532.1 467.5 391.7 369.2 21.9 21.9 22.3 20.3 16.6 37 26.7 37.6 35.4 21.5 23.2 23.5 20.8 89.5 95.2 94.4 0 0 0 0 1
Other Non-Current Assets 186.4 234.9 799.6 755.8 755.1 732.4 694 1,096.4 767.6 774.3 447.4 412.1 293.6 299.1 316.5 234.7 129.4 110.8 133.7 105.3 125.5 119.6 138 153.8 145.3 101.8 100.2 80.3 75.5 33.6 35.2 34.8 57.8 108.9 112.4 116.8 127.8 123.2 130.1 131.7 136.9 11.8 11.8 13 16.7 18.3 54.5 43 52.7 52.8 35.6 37.4 37.2 44.7 105 109.5 107.4 112 131.3 122 29 15
Total Non-Current Assets 7,092.5 6,958.3 6,913.3 6,911.5 6,809.6 6,769.9 6,243.5 5,583.3 5,565.8 5,327.5 5,303.3 5,357 5,394 5,196.7 5,124.3 5,162 5,178.6 5,321.9 4,644.8 4,339.2 4,144.5 4,146.1 3,820.4 3,733.8 3,568.2 3,504.1 3,226.6 3,218.8 3,100.5 3,036.8 3,045.6 2,990.1 3,108.2 3,164.4 2,922 2,855.1 2,762 2,270 2,167.6 2,066.3 2,034.5 723 731.7 726.3 719.5 709.9 734.9 756.3 777.1 741.2 691.5 684.8 681.8 621.1 684.7 691 796.5 806 828.6 828 1,063 1,081
Total Assets 13,321.2 13,697.2 13,272.2 13,488.7 13,022.3 13,055.3 12,971.2 10,099.3 9,736.3 9,363.2 9,370.8 9,004 8,651.2 8,292.5 8,638.2 8,425.1 8,419.9 8,502.6 8,160.3 7,662.1 7,213.7 7,237.1 6,800.8 6,424.1 6,076.1 6,488.1 5,966.3 5,573.5 5,469.3 5,323.7 5,958.2 5,686.1 5,825.1 5,696.5 5,488.4 5,138.5 4,780.4 4,510 4,339 4,051.4 3,853.8 1,641.9 1,604.4 1,615.5 1,465.1 1,358.9 1,299.7 1,089.6 1,103.8 1,101.4 1,079.7 1,035.9 1,008.2 918.4 959.6 1,007.2 1,102.9 1,088 1,105.8 1,123 1,381 1,437
Current Liabilities
Account Payables 181.1 227.5 165 162.1 172.4 197.4 172.8 185.9 212.3 186.6 190.6 193 180.8 201.9 154.9 162.5 158.8 204.5 139.5 144.6 150.4 196.5 162.5 153.4 151.5 180.4 135.9 151 147.2 134 134 124.6 121.2 116.6 113.4 104.6 93 97.1 87 83.4 78.6 0 0 51.1 0 0 198.8 156 156.4 167.2 186.1 189.6 177.3 175 157.2 149.9 167.4 177 126.8 121 122 0
Short-Term Debt 24.3 24.5 26.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 599.9 599.2 598.6 598 0 0 0 0 0 0 0 0 0 0 0 0 150 0 0 0 0 0 0 0 0.2 49.2 61.5 61 150.6 210 210 0
Deferred Revenue 22.8 27.2 33.2 36.8 46.2 53.7 66 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 710.5 874.5 796.1 546.8 399.1 442.7 377.8 409.5 252.3 530.2 360.5 344.9 264 305 270.6 271.2 244.9 342.7 328.5 287.9 228.4 290.5 301.7 238.2 208 338.9 302 238.4 175.3 434 233.3 186.5 226 349.1 289.7 186.3 140.9 234.1 227.4 213.5 191.7 247.7 242.2 0 245.1 200.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 156
Total Current Liabilities 1,409 1,813.7 1,588 1,404.7 1,394.8 1,505.2 1,944.1 1,217 1,110.8 1,195.4 1,238.9 1,157.2 1,082 1,022.4 917.9 969.1 949.9 1,032.3 966.5 886.2 799 893.9 846.3 873.2 746.9 902.4 775.8 697 646.5 876.6 1,261.1 1,183.2 1,314.5 1,399.4 735.2 562.5 584.8 532.5 532.8 478.2 458.3 247.7 242.2 290.5 245.1 200.2 348.8 156 156.4 167.2 186.1 189.6 197.9 175 157.4 199.1 228.9 219 277.4 331 332 156
Non-Current Liabilities
Long-Term Debt 598.5 598.3 598.2 598 597.8 597.7 597.5 597.3 597.2 597 596.8 596.7 596.5 596.3 596.2 596 595.9 595.7 595.5 595.4 595.2 595 594.9 594.7 594.6 594.4 594.2 594.1 593.9 593.8 593.6 593.9 456 438.4 1,034 1,016.8 847.9 822.3 600.6 602.5 602.2 177.5 129.3 90.3 113.9 123 61.2 312.8 334.5 255.8 307.3 276.9 245.5 279.9 339.1 339 352.9 367 348.2 321 319 0
Deferred Tax Liabilities 0 0 442.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36.6 36.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 906.1 865.0 362.8 800.8 760.2 810.6 733.2 706.2 764.7 786.2 738 740.1 844.5 797.6 839.2 852.9 960.8 969.6 992.6 983.5 1,094 1,101.2 1,041.7 1,014.3 777.8 784.1 729.1 731.7 731.7 712.9 742.2 744.8 808.9 851.8 556.7 619.6 605 536.2 513.8 499.5 494 98.9 81.4 76.8 103 92.4 65.9 34.6 42.7 43.3 27.3 26.4 25.4 4.7 50.5 53.4 57.1 62 55.8 60 47 57
Total Non-Current Liabilities 1,584.7 1,545.9 1,479.2 1,477.5 1,435.9 1,487.2 1,415.7 1,377.7 1,439.1 1,448.4 1,404.8 1,400.3 1,507.2 1,463.4 1,502.5 1,512.4 1,625.1 1,634.4 1,652.5 1,642.6 1,756.3 1,768.9 1,744.2 1,711.8 1,428.1 1,437.4 1,375.7 1,376.2 1,375.3 1,306.7 1,335.8 1,338.7 1,264.9 1,302.4 1,590.7 1,636.4 1,452.9 1,358.5 1,114.4 1,102 1,096.2 276.4 210.7 167.1 216.9 215.4 127.1 347.4 377.2 299.1 334.6 303.3 270.9 284.6 389.6 392.4 410 429 404 381 366 57
Total Liabilities 2,993.7 3,359.6 3,067.2 2,882.2 2,830.7 2,992.4 3,359.8 2,594.7 2,549.9 2,643.8 2,643.7 2,557.5 2,589.2 2,485.8 2,420.4 2,481.5 2,575 2,666.7 2,619 2,528.8 2,555.3 2,662.8 2,590.5 2,585 2,175 2,339.8 2,151.5 2,073.2 2,021.8 2,183.3 2,596.9 2,521.9 2,579.4 2,701.8 2,325.9 2,198.9 2,037.7 1,891 1,647.2 1,580.2 1,554.5 524.1 452.9 457.6 462 415.6 475.9 503.4 533.6 466.3 520.7 492.9 468.8 459.6 547 591.5 638.9 648 681.4 712 698 213
Stockholders' Equity
Common Stock 660 658.7 658.2 657.6 655.9 654.8 654.3 653.5 651.8 650.5 649.9 649.1 647.1 646.3 645.7 645 642.9 642 641.2 640.1 637.5 636.4 635 633.5 218.5 218.1 217.5 216.9 216 215.2 214.8 214 213 212 211.6 244.7 243.2 242.6 242 241 239.8 115.1 77.2 76.1 75.1 74.3 68.4 63.7 63.1 62.6 61.8 60.4 60.2 60 59.2 58.9 58.8 59 58.7 58 58 0
Retained Earnings 14,621.2 14,240.5 14,149.3 13,858.2 13,525 13,167 12,781.4 9,710.6 9,344.3 8,992.4 8,622.5 8,237.6 7,930.5 7,590 7,191.6 6,848.1 6,441.7 6,068.1 5,732.8 5,392.7 4,903.2 4,565 4,255.5 3,930.3 4,052.2 3,741.6 3,461.4 3,186.7 2,944.4 2,694.7 2,687.7 2,461.8 2,179.1 2,000.6 1,964.9 4,331.9 4,145.8 3,906.3 3,747.8 3,606.4 3,479.8 1,011.2 953.7 906 784.9 737.4 532.8 185.8 160.3 222.4 179 157.9 143.4 121.7 70.6 56.1 111.8 103 87.1 83 392 418
Accumulated Other Comprehensive Income (221.3) (238.3) (250.4) (264.1) (254.5) (244.5) (252.5) (220.2) (233.3) (242.8) (250.1) (255.5) (255.4) (254.9) (256) (224.4) (186.6) (157.7) (155.4) (159.6) (172.4) (161.1) (157.9) (146.1) (152) (156) (155.8) (138.2) (141.2) (138.5) (139) (150.8) (121.3) (132.7) (142.7) (157.8) (181.5) (198.4) (171.2) (178.7) (172.6) (53) (24.9) (7.9) (23.7) (33.8) 2.9 (37.3) (28.6) (32.2) (48.5) (51.6) (44.7) 8.1 (1.8) 19.4 14.4 1 1.2 (4) (31) 1,612
Total Stockholders' Equity 10,327.5 10,337.6 10,205 10,545.3 10,128.7 9,998.4 9,545.6 7,437.4 7,117.9 6,650 6,657.5 6,375.7 5,978 5,806.7 6,217.8 5,943.6 5,844.9 5,835.9 5,541.3 5,133.3 4,658.4 4,574.3 4,210.3 3,839.1 3,901.1 4,148.3 3,814.8 3,500.3 3,447.5 3,140.4 3,361.3 3,164.2 3,245.7 2,994.7 3,162.5 2,939.6 2,742.7 2,619 2,691.8 2,471.2 2,299.3 1,117.8 1,151.5 1,157.9 1,003.1 943.3 823.8 586.2 570.2 635.1 559 543 539.4 458.8 412.6 415.7 464 440 424.4 411 683 1,224
Total Liabilities & Equity 13,321.2 13,697.2 13,272.2 13,488.7 13,022.3 13,055.3 12,971.2 10,099.3 9,736.3 9,363.2 9,370.8 9,004 8,651.2 8,292.5 8,638.2 8,425.1 8,419.9 8,502.6 8,160.3 7,662.1 7,213.7 7,237.1 6,800.8 6,424.1 6,076.1 6,488.1 5,966.3 5,573.5 5,469.3 5,323.7 5,958.2 5,686.1 5,825.1 5,696.5 5,488.4 5,138.5 4,780.4 4,510 4,339 4,051.4 3,853.8 1,641.9 1,604.4 1,615.5 1,465.1 1,358.9 1,299.7 1,089.6 1,103.8 1,101.4 1,079.7 1,035.9 1,008.2 918.4 959.6 1,007.2 1,102.9 1,088 1,105.8 1,123 1,381 1,437
Debt Metrics
Total Debt 702.9 705.4 700.3 702.6 699.4 700 706.7 693 699.2 685.1 691.1 684.5 687.8 691.3 686.8 682.8 688.2 690.3 684.1 684.2 688.8 694.9 690.1 684.5 675.2 678.8 670.7 668.3 666.2 593.8 1,193.5 1,193.1 1,054.6 1,036.4 1,034 1,016.8 847.9 822.3 600.6 602.5 602.2 177.5 129.3 90.3 113.9 123 211.2 312.8 334.5 255.8 307.3 276.9 245.5 279.9 339.3 388.2 414.4 428 498.8 531 529 0
Net Debt (1,743.6) (2,233.1) (1,985.3) (2,570.2) (2,441.2) (2,345.2) (2,969.7) (951.5) (525.4) (447.2) (719) (358.1) (184.7) (77.7) (561) (515.3) (342.7) (172.5) (822.8) (628.6) (485.4) (488.3) (333.9) (219) 12.3 (500.3) (515.9) (58.5) (43) (120.3) (67.8) (33.3) (172.4) 218.1 403.7 508.6 28.6 (107.8) (44.4) 232.6 100.8 (142.8) (191.9) (243.8) (69.2) (23.7) 35.5 272.8 296.6 194.7 256.6 247.1 211.3 240.9 315.8 326.6 396.5 400 485.6 529 523 0
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
Operating Activities
Net Income 380.7 91.2 290.3 331.5 356.4 385.6 3,069.4 365 351 369.7 383.7 305.5 340.5 398.4 343.5 406.4 373.6 335.3 340.1 489.5 338.2 309.5 325.2 (121.9) 310.6 280.2 274.7 242.3 249.7 7 225.9 282.7 206.6 (2.8) 170.1 186.1 230.2 158.5 141.4 126.6 143 (4.4) 13.9 31.2 25.5 (62.1) 18.9 24.5 21.1 14.5 21.7 (17.4) 30.6 20.8 17.5 14.5 (55.7) 24.8 (4.8) (309) 17 20
Depreciation & Amortization 40.9 42.7 39.2 38.1 36.6 42.6 34.5 39.6 38.5 36.7 36.9 36.1 35.2 35.4 35.4 34.1 34.7 33 33.6 35.8 32.4 32.6 25.6 24.5 24.5 23.9 23.1 16 26.3 19.9 19.2 19.2 19.1 21.2 20.7 18.9 21.1 19.1 18.2 18 15.9 14 14.2 13.6 12.9 12.9 11.6 11.9 11.3 10.8 11 10.1 9.6 9.7 12.6 12.9 15.2 14.6 15.4 23 21 19
Stock-Based Compensation 45.4 39.2 41.2 37.5 40.2 50.8 42.1 43.9 44.6 30.5 32.6 37.4 38.9 27.9 30.3 36.2 32.4 24.2 26.6 30.3 28.2 20.9 23 24.8 23.9 18.4 19.8 22.3 20.8 16 17.4 19.2 18.4 15.3 15.8 15.3 15.2 13.9 14.4 14.3 14.3 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 (501.5) 254.3 83.5 (141.7) (150.7) (463.1) 683.6 (20.8) (459) (216.1) (12.2) (241.4) (56.6) (84.9) (114.5) (92.6) (129.4) 60.7 122.6 71.2 (109.2) 40 (153.3) 330.3 (174.8) 43.6 88.7 (11.8) (324.8) 192.4 74.3 (180.6) (128.7) 357.9 120.7 (63.5) (180.9) 48.1 52 21.6 (55.6) 24.8 (1.4) (31.8) (14.1) (15.4) 37.9 (10.5) (13.4) (33.9) (9.5) 3.7 0.3 (30.8) 31.2 7 (10.3) 8.2 13.8 (15) (19) 200
Other Non-Cash Items 68.9 77.9 137.5 45.7 22 (44.9) (3,354.8) 9.9 7.2 7.2 16.5 (21.1) 7.9 11.8 61.5 7.9 24.6 (18.1) 5.1 (106.1) 0.1 8.6 (5.8) 16.3 19.2 30.7 34.4 65.3 23.7 114.8 (5.4) 11.9 4.8 (1.4) (16.9) 33.8 6.1 (3.7) (17.3) 36.6 (10.7) 11.2 7.2 4.3 2.9 9.9 (2.5) 6 17.1 (0.4) 2.2 68.8 3.1 (0.6) 6.9 (5.9) 84.1 1.9 9.3 331 (4) (170)
Operating Cash Flow 43.8 450.9 573.7 290.2 280.4 (127.5) 351.8 371.5 (53.5) 136.6 411.5 33.6 314.1 282.8 309.9 332.2 293.3 373.6 531.9 526.1 300.5 400 216.1 231.2 207 399.4 437.3 341.2 1.5 293 342.3 140.2 151.3 363.9 310.8 197.7 128.3 201.1 205.9 190.3 107.1 39 32.6 20.9 28.7 36.1 68.4 26.4 36.1 (8.6) 47.2 30.7 43.6 (0.9) 46.5 28.5 33.3 49.5 42.5 30 15 69
Investing Activities
Capital Expenditure (64.9) (97.4) (57.5) (49.3) (56) (49.8) (31.9) (85.4) (85.3) (101.6) (55.3) (47.9) (61.5) (89.1) (59.9) (43.1) (72.7) (93.8) (60.7) (69.3) (106) (113.5) (103.3) (108.3) (82.2) (71.5) (76.1) (71.8) (59) (60.6) (82.1) (52.8) (46.2) (51.9) (43.3) (61.7) (18.6) (63.2) (48.3) (78.2) (27.7) (10.8) (9.8) (6) (8.9) (6) (11.8) 9.3 (27.6) (7.8) (15.8) (8.5) (8.8) (7.6) (9.9) (9.3) (9.4) (11.1) (13.9) (11) (10) (11)
Acquisitions (35.1) (3) 0 3 (3) (298.2) 3,163.8 0 0 46 55.3 47.9 (141.2) 0 0 0 0 (13.1) 60.7 69.3 0 113.5 103.3 1.4 (1.4) 100.2 76.1 (98.9) (1.3) 3.8 3.2 (1.4) (11.8) (100) (0.1) (2.7) (81.8) (0.6) (3.1) 78.2 (2) 0 0 0 0 (122.7) 0 0 0 (20) 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (653.6) (826.7) (1,030.8) (630.3) (647.3) (390.7) (528.4) (13.3) (13.4) (58.6) (9.6) (6.6) (30.7) (83) (345.4) (148.4) (202.1) (1,054.3) (413.5) (339.8) (77.4) (345.4) (118.6) (134.8) (262.9) (443.1) (19.6) (75.4) (65) (166.6) (300.6) (1.6) (3.1) (144.7) (359) (671.9) (171.8) (151.8) (288.6) (404.6) (229.9) 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 722.6 786.4 669.7 594.1 845.6 268.1 175.9 247 166.6 137.4 180.4 134.1 263.9 273.5 224 359.6 502 197.1 113.6 81.7 136.8 206.5 103.3 238.9 228.3 81.6 87.5 166.6 74.2 220.1 140.6 159.8 280.8 389.4 192.6 98.6 422.8 295.3 347.7 139.4 302.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (61.8) (57.6) (9.2) (89.6) (54) (101.5) (77.7) (23.5) (4.8) (9.1) (81.8) (57.3) (30) (6.7) (20.2) (38.5) 2.3 (1.8) (77.5) (71.4) (3.1) (121) (111) (7.4) (16.5) (112.5) (80.6) (8.8) 1.6 9 (15.3) 0.9 0.6 (43.5) 0.3 (0.5) 0.6 0.5 (3.8) (77.9) 4.2 (0.8) 0.2 8.8 1.5 (3.7) (8.5) (21.7) 9.4 (4.6) (23.8) (2) (1.9) 0.1 (2) (2.3) 42.3 0.5 10.5 (23) (17) 0
Investing Cash Flow (92.8) (198.3) (427.8) (172.1) 85.3 (576.7) 2,701.7 124.8 63.1 14.1 89 70.2 0.5 94.7 (201.5) 129.6 229.5 (965.9) (377.4) (329.5) (49.7) (259.9) (126.3) (10.2) (134.7) (445.3) (12.7) (88.3) (49.5) 5.7 (254.2) 104.9 220.3 49.3 (209.5) (638.2) 151.2 80.2 3.9 (343.1) 47.3 (11.6) (9.6) 2.8 (7.4) (132.4) (20.3) (12.4) (18.2) (12.4) (39.6) (10.5) (10.7) (7.5) (11.9) (11.6) 32.9 (10.6) (3.4) (34) (27) (11)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0 (0.1) 0 (0.1) (0.1) (1.2) (0.4) 0.9 (0.5) (0.9) (0.3) 1.7 (1.2) (10.2) (0.3) (599.6) (1.3) 163.6 0 (0.2) (0.7) 153.2 24 223.2 2.3 (3.6) 0.2 (14.9) (5) 10.8 (19.1) 78 (41.1) (17.4) 24.9 29.6 (39.3) (17.4) (14.7) (10.7) (8.4) (62.6) (23.3) (59.6) (29.4) 1 529 0
Stock Repurchased (521.8) (40.6) 157 (5.5) (258.6) (0.1) (901) (158.1) (0.2) (448.4) (174.4) (7.5) (249.3) (866) (100.4) (355.1) (405.6) (96.5) (1.8) (111.9) (302.6) (0.2) (1.4) (9) (614.8) 263.3 (1.3) (256.3) (5.7) (272) (173.1) (348.3) (2.2) (251.3) (0.8) (73.8) (437.4) (281.4) (0.2) (36.6) (344.1) (20.4) (3.5) (12.5) (11.8) (14.7) 0 (12.8) (28.4) (8.2) (2.3) (8.2) (18.5) (1.8) 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Financing Activities 1.7 (3.1) (897.1) 1 (50) 0.1 (75.7) 61.5 61.9 35.2 31.1 59.6 42.7 27.7 30.5 47.1 37.5 34.6 40.9 54.1 28.7 40.7 35.9 34 (0.4) 35.3 36.9 35.1 50.4 26.9 117.7 (56) 43 22.5 21.8 47.4 22.1 63.3 61.7 71.9 (25.2) (6.4) 6.4 (2.8) (1.5) 1.1 7.3 (0.9) (6.8) 2.2 30.8 (0.8) 1 (1.3) (1.5) 8.4 (5.4) 36 0 (3) (511) (58)
Financing Cash Flow (451.2) (11.4) (740.1) 52.7 (258) 28.6 (976.7) (96.6) 61.7 (413.2) (143.3) 52.1 (206.6) (838.4) (69.9) (308.1) (368.1) (62) 39 (59) (274.3) 41.4 34 24.1 (586.4) 37 34.4 (231.4) 44.4 (844.7) (56.7) (240.7) 40.9 (229) 20.3 126.8 (391.3) 5.1 63.8 31.7 (369.1) (34.3) 6 2.1 (18.2) 72.8 (26.4) (25.4) 9.6 27.2 (7.9) (23) (28.1) (10.5) (9.9) (56.2) (21.8) (23.6) (29.4) (2) 18 (58)
Cash Position
Net Change in Cash (492) 244.7 (595.2) 141.2 90 (624.6) 2,035.4 429.1 81 (265.9) 366.4 171.1 103.8 (479.1) 48.8 167.6 167.9 (652.5) 194 135 (9.3) 159.2 120.5 240.6 (516.2) (7.5) 459.8 17.6 (4.9) (547.2) 34.9 (0.6) 408.7 188 122.1 (311.1) (110.8) 285.1 275.1 (131.5) (217) (8.1) 23.5 23.7 2.1 (23.2) 22.8 (12.4) 20.9 (4.4) (4.8) 3.5 7.5 (19.7) 24.5 (38.1) 43.7 14.8 11.2 (4) 6 0
Cash at Beginning 2,939.5 2,694.8 3,290 3,148.8 3,058.8 3,683.4 1,648 1,228.2 1,148 1,413.9 1,047.5 876.4 772.6 1,251.7 1,202.9 1,035.3 867.4 1,519.9 1,325.9 1,190.9 1,200.2 1,024 903.5 662.9 1,179.1 1,186.6 726.8 709.2 714.1 1,261.3 1,226.4 1,227 818.3 630.3 508.2 819.3 930.1 645 369.9 501.4 718.4 96.1 72.6 48.9 37.9 61.1 38.3 50.7 29.8 34.2 39 35.5 28 47.7 23.5 61.6 17.9 13.2 2 6 0 0
Cash at End 2,447.5 2,939.5 2,694.8 3,290 3,148.8 3,058.8 3,683.4 1,658.1 1,229 1,148 1,413.9 1,047.5 876.4 772.6 1,251.7 1,202.9 1,035.3 867.4 1,519.9 1,325.9 1,190.9 1,183.2 1,024 903.5 662.9 1,179.1 1,186.6 726.8 709.2 714.1 1,261.3 1,226.4 1,227 818.3 630.3 508.2 819.3 930.1 645 369.9 501.4 88 96.1 72.6 40 37.9 61.1 38.3 50.7 29.8 34.2 39 35.5 28 48 23.5 61.6 28 13.2 2 6 0
Free Cash Flow (21.1) 353.5 516.2 240.9 224.4 (177.3) 319.9 286.1 (138.8) 35 356.2 (14.3) 252.6 193.7 250 289.1 220.6 279.8 471.2 456.8 194.5 286.5 112.8 122.9 124.8 327.9 361.2 269.4 (57.5) 232.4 260.2 87.4 105.1 312 267.5 136 109.7 137.9 157.6 112.1 79.4 28.2 22.8 14.9 19.8 30.1 56.6 35.7 8.5 (16.4) 31.4 22.2 34.8 (8.5) 36.6 19.2 23.9 38.4 28.6 19 5 58
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 1,648.6 1,569.6 1,553.1 1,532.2 1,412.7 1,385.8 1,354.4 1,385.9 1,329.9 1,266.4 1,243.4 1,295.5 1,459.6 1,348.3 1,319 1,373.9 1,341.2 1,329.7 1,310.2 1,376 1,216.6 1,191.7 1,140.9 925 1,128.7 1,174.1 1,094 1,086.9 993 977.7 906.6 943.7 894.8 888.5 821.5 841.8 883.5 767.7 739.4 759.3 697.3 671.1 615.5 616.8 590.3 618 607.4 575.1 522.4 536 495.6 517.2 496.7 510.5 447.9 482 459.2 430.2 412.7 431.2 404.5 392.4 348.9 365.2 340.5 346.7 325.7 335.5 313.5 309.7 303.6 327.6 296.8 293 261.4 272.6 264.1 265.6 247.4 267.3 257 249.7 240.9 258.2 249.1 237.1 224.8 234.6 235 224.1 217.8 203.1 172.8 159.9 192.4 191.9 216.5 185.8 205 226
Gross Profit 1,289.3 1,229 1,209.6 1,189.6 1,111.1 1,093.6 1,091.5 1,088.1 1,040.6 1,015.4 971.2 1,024.7 1,100.3 1,052.7 1,038.1 1,088.2 1,034.6 1,018.6 1,009.3 1,050 928.7 896.7 854 679.1 857.5 878.7 788.8 771.6 753.6 741.5 686.3 710.2 662.7 653.4 605.1 632.9 665.4 557.4 541.3 556.8 517 495.2 468.8 458.2 454.3 457.6 439.3 423.9 376.5 390.5 365.9 392.2 374.5 384.7 336.2 352.2 331.9 310.6 287.1 303.4 287.7 278.9 253.1 264.8 241.9 245 227.2 233.6 216.5 210.9 198.7 214.6 193.9 193.4 170.7 177.9 170.9 168.2 160 171.6 164 160.1 150 160.3 152.9 145.9 136.9 142.2 136.3 130.3 128.2 117.4 98.4 91.7 97.2 95.7 73.9 99.2 104 120
Operating Income 514.7 370.3 425.1 430.9 394.8 312.6 350.6 364.7 355.5 356.7 346.5 370.6 402.8 409.5 427.2 428.4 435.7 361.8 407.2 450.6 390.8 362.3 351 221.2 361.5 337.1 286.5 270.7 301.6 290.1 255.4 282.2 264.6 241.4 218 254.8 307.6 208.9 198.8 180.6 201.9 174.7 155.8 146.8 165.4 140.3 129.5 119.3 93.5 121.4 101.3 122.3 109.5 131.9 94.6 95.8 86.1 86.5 59.9 75.3 78.4 80.6 67.4 73.6 62.7 64.4 56.4 62.5 54.7 54.9 44.3 52.7 34.7 45.4 36.6 47.1 44.6 43.1 40.2 45.7 66 47.2 40.1 46 42.6 39.8 35.3 40.5 23.4 39.1 31.1 31 31.1 27 (53.3) 27 46 24.3 8 25
Net Income 380.7 91.2 291.1 329.8 358 385.6 3,070.8 363.7 351.9 369.9 384.9 307.1 340.5 398.4 343.5 406.4 373.6 335.3 340.1 489.5 338.2 309.5 325.2 (121.9) 310.6 280.2 274.7 242.3 249.7 7 225.9 282.7 206.6 35.7 170.1 186.1 230.2 158.5 141.4 126.6 143 140.7 118.1 112.7 123.4 109.2 94.6 547 60.3 75.8 76.8 93.3 143.9 91.1 69.2 67.8 65.1 63.1 51.6 58.1 63.9 64.8 48 57.5 47.7 47.6 73.5 47.5 60.5 38.1 32.9 39.7 18.2 15.8 29.1 34.9 33.2 20.7 27.8 36.1 46 38.6 (4.4) 13.9 31.2 25.9 12.4 25.5 (62.1) 18.9 21.1 21.7 30.6 16.5 (55.7) 12.7 24.8 4.4 (309) 17
EPS (Diluted) 0.66 0.16 0.50 0.56 0.61 0.65 5.13 0.61 0.58 0.61 0.63 0.50 0.56 0.65 0.55 0.65 0.59 0.53 0.54 0.78 0.54 0.49 0.52 -0.20 0.49 0.44 0.43 0.38 0.39 0.01 0.35 0.44 0.32 0.06 0.26 0.29 0.35 0.24 0.22 0.19 0.22 0.21 0.18 0.17 0.19 0.17 0.14 0.85 0.09 0.11 0.11 0.14 0.21 0.13 0.10 0.10 0.09 0.09 0.07 0.08 0.09 0.10 0.07 0.08 0.07 0.07 0.10 0.07 0.09 0.06 0.05 0.06 0.03 0.02 0.04 0.05 0.04 0.03 0.04 0.05 0.06 0.05 -0.01 0.02 0.04 0.04 0.02 0.03 -0.09 0.03 0.03 0.03 0.04 0.02 -0.08 0.02 0.04 0.01 -0.44 0.02
Balance Sheet
Cash & Equivalents 2,446.5 2,938.5 2,685.6 3,272.8 3,140.6 3,045.2 3,676.4 1,644.5 1,224.6 1,132.3 1,410.1 1,042.6 872.5 769 1,247.8 1,198.1 1,030.9 862.8 1,506.9 1,312.8 1,174.2 1,183.2 1,024 903.5 662.9 1,179.1 1,186.6 726.8 709.2 714.1 1,261.3 1,226.4 1,227 818.3 630.3 508.2 819.3 930.1 645 369.9 501.4 320.3 321.2 334.1 183.1 146.7 175.7 40 37.9 61.1 50.7 29.8 34.2 39 23.5 61.6 17.9 28 13.2 2 6 0
Total Assets 13,321.2 13,697.2 13,272.2 13,488.7 13,022.3 13,055.3 12,971.2 10,099.3 9,736.3 9,363.2 9,370.8 9,004 8,651.2 8,292.5 8,638.2 8,425.1 8,419.9 8,502.6 8,160.3 7,662.1 7,213.7 7,237.1 6,800.8 6,424.1 6,076.1 6,488.1 5,966.3 5,573.5 5,469.3 5,323.7 5,958.2 5,686.1 5,825.1 5,696.5 5,488.4 5,138.5 4,780.4 4,510 4,339 4,051.4 3,853.8 1,641.9 1,604.4 1,615.5 1,465.1 1,358.9 1,299.7 1,089.6 1,103.8 1,101.4 1,079.7 1,035.9 1,008.2 918.4 959.6 1,007.2 1,102.9 1,088 1,105.8 1,123 1,381 1,437
Total Debt 702.9 705.4 700.3 702.6 699.4 700 706.7 693 699.2 685.1 691.1 684.5 687.8 691.3 686.8 682.8 688.2 690.3 684.1 684.2 688.8 694.9 690.1 684.5 675.2 678.8 670.7 668.3 666.2 593.8 1,193.5 1,193.1 1,054.6 1,036.4 1,034 1,016.8 847.9 822.3 600.6 602.5 602.2 177.5 129.3 90.3 113.9 123 211.2 312.8 334.5 255.8 307.3 276.9 245.5 279.9 339.3 388.2 414.4 428 498.8 531 529 0
Stockholders' Equity 10,327.5 10,337.6 10,205 10,545.3 10,128.7 9,998.4 9,545.6 7,437.4 7,117.9 6,650 6,657.5 6,375.7 5,978 5,806.7 6,217.8 5,943.6 5,844.9 5,835.9 5,541.3 5,133.3 4,658.4 4,574.3 4,210.3 3,839.1 3,901.1 4,148.3 3,814.8 3,500.3 3,447.5 3,140.4 3,361.3 3,164.2 3,245.7 2,994.7 3,162.5 2,939.6 2,742.7 2,619 2,691.8 2,471.2 2,299.3 1,117.8 1,151.5 1,157.9 1,003.1 943.3 823.8 586.2 570.2 635.1 559 543 539.4 458.8 412.6 415.7 464 440 424.4 411 683 1,224
Cash Flow
Operating Cash Flow 43.8 450.9 573.7 290.2 280.4 (127.5) 351.8 371.5 (53.5) 136.6 411.5 33.6 314.1 282.8 309.9 332.2 293.3 373.6 531.9 526.1 300.5 400 216.1 231.2 207 399.4 437.3 341.2 1.5 293 342.3 140.2 151.3 363.9 310.8 197.7 128.3 201.1 205.9 190.3 107.1 39 32.6 20.9 28.7 36.1 68.4 26.4 36.1 (8.6) 47.2 30.7 43.6 (0.9) 46.5 28.5 33.3 49.5 42.5 30 15 69
Capital Expenditure (64.9) (97.4) (57.5) (49.3) (56) (49.8) (31.9) (85.4) (85.3) (101.6) (55.3) (47.9) (61.5) (89.1) (59.9) (43.1) (72.7) (93.8) (60.7) (69.3) (106) (113.5) (103.3) (108.3) (82.2) (71.5) (76.1) (71.8) (59) (60.6) (82.1) (52.8) (46.2) (51.9) (43.3) (61.7) (18.6) (63.2) (48.3) (78.2) (27.7) (10.8) (9.8) (6) (8.9) (6) (11.8) 9.3 (27.6) (7.8) (15.8) (8.5) (8.8) (7.6) (9.9) (9.3) (9.4) (11.1) (13.9) (11) (10) (11)
Free Cash Flow (21.1) 353.5 516.2 240.9 224.4 (177.3) 319.9 286.1 (138.8) 35 356.2 (14.3) 252.6 193.7 250 289.1 220.6 279.8 471.2 456.8 194.5 286.5 112.8 122.9 124.8 327.9 361.2 269.4 (57.5) 232.4 260.2 87.4 105.1 312 267.5 136 109.7 137.9 157.6 112.1 79.4 28.2 22.8 14.9 19.8 30.1 56.6 35.7 8.5 (16.4) 31.4 22.2 34.8 (8.5) 36.6 19.2 23.9 38.4 28.6 19 5 58