East West Bancorp, Inc. logo EWBC - East West Bancorp, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 17
HOLD 6
SELL 1
STRONG
SELL
0
| PRICE TARGET: $130.67 DETAILS
HIGH: $150.00
LOW: $123.00
MEDIAN: $126.50
CONSENSUS: $130.67
UPSIDE: 6.13%
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 1,159.3 1,173.3 1,255.0 1,145.2 1,114.9 1,135.1 1,148.4 1,107.0 1,089.9 1,058.9 1,027.0 974.2 885.9 817.7 697.1 572.5 507.1 489.9 484.3 463.9 450.4 451.1 417.1 451.1 501.1 526.4 524.8 524.3 501.9 494.9 462.7 445.7 412.2 399.2 382.1 366.5 344.1 348.2 326.1 318.6 314.2 305.4 316.3 293.6 305.1 294.1 296.3 280.6 268.7 252.0 237.5 237.7 231.2 232.7 251.5 248.8 269.9 270.0 269.2 287.0 265.8 310.7 261.6 274.4 307.0 757.6 158.1 155.9 155.4 158.7 169.9 181.3 203.1 215.4 212.8 198.0 198.7 195.5 185.4 167.4 146.2 133.9 114.1 101.7 91.3 85.6 74.0 63.7 60.6 56.3 52.6 48.4 47.8 47.8 51.7 55.8 51.9 50.9 49.6 48.6
Cost of Revenue 420.3 415.0 488.2 486.9 480.6 541.6 545.2 518.2 483.5 452.5 433.0 365.4 255.6 180.7 103.4 40.3 24.4 7.0 9.6 7.9 27.7 59.1 51.6 157.4 160.4 117.6 145.4 126.8 123.4 105.9 84.0 74.2 65.4 55.6 49.8 43.4 37.6 39.9 35.7 31.3 25.4 21.5 32.1 31.4 32.5 46.6 44.2 36.0 35.1 33.7 31.0 36.7 33.5 44.7 50.8 48.7 53.2 59.8 67.0 73.6 72.0 75.5 87.2 105.2 133.4 204.1 211.3 209.5 143.2 116.1 116.3 160.7 142.6 103.8 97.9 88.3 87.6 86.8 85.4 68.9 57.6 47.7 39.2 33.3 26.9 22.5 19.0 14.3 13.8 10.7 10.9 14.1 15.0 18.3 23.6 26.6 26.2 26.0 25.2 23.7
Gross Profit 739.0 758.3 766.8 658.3 634.3 593.5 603.3 588.9 606.4 606.3 594.0 608.8 630.2 637.0 593.7 532.2 482.7 482.9 474.7 456.1 422.7 392.0 365.5 293.7 340.8 408.8 379.4 397.5 378.5 389.0 378.7 371.5 346.8 343.6 332.4 323.1 306.5 308.3 290.4 287.3 288.8 283.8 284.2 262.2 272.6 247.5 252.1 244.6 233.5 218.3 206.5 201.0 197.7 188.0 200.7 200.1 216.7 210.2 202.2 213.3 193.8 235.2 174.4 169.2 173.6 553.5 (53.2) (53.6) 12.2 42.6 53.5 20.6 60.5 111.6 114.8 109.7 111.1 108.7 100.0 98.4 88.6 86.2 74.9 68.4 64.4 63.1 55.0 49.4 46.8 45.6 41.7 34.2 32.8 29.5 28.1 29.2 25.7 24.9 24.4 25.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 190.9 195.6 301.7 144.8 156.8 146.1 144.6 144.3 161.5 209.3 131.7 133.2 137.6 114.5 132.5 118.3 121.0 123.7 114.0 113.7 116.2 114.1 107.4 105.1 109.2 108.0 104.7 106.9 108.5 100.0 106.0 103.0 104.9 99.8 88.3 89.6 93.5 88.9 84.2 82.1 79.9 76.5 73.5 68.6 72.5 67.1 65.6 63.8 73.2 53.7 47.8 48.1 52.0 41.5 46.3 48.4 52.9 66.0 47.5 49.1 49.2 74.8 45.6 47.2 63.4 56.0 26.0 30.7 24.7 15.7 17.5 25.8 23.3 22.4 22.1 20.6 20.8 20.0 18.6 15.8 16.2 15.4 13.0 12.5 12.9 11.4 9.4 9.1 9.2 8.3 7.9 6.3 6.2 6.8 5.9 6.4 5.5 5.1 5.1 4.6
Other Expenses 90.6 65.7 0 111.2 86.3 91.6 69.3 80.1 72.7 69.8 108.7 118.0 71.3 134.2 76.8 72.9 63.8 82.1 87.3 72.0 71.0 64.5 62.1 76.3 67.6 81.5 68.3 67.4 74.9 83.9 67.8 71.5 30.1 69.7 68.8 75.8 (15.0) 58.3 82.7 62.3 64.2 58.8 71.7 49.2 53.3 67.3 101.2 57.8 44.2 66.1 49.8 41.0 39.2 38.3 49.2 47.4 56.0 40.8 57.0 68.5 58.0 74.7 55.2 63.2 72.2 88.2 42.1 63.0 23.4 38.2 84.6 39.8 29.6 29.9 25.1 22.6 21.5 24.6 23.4 22.7 20.6 21.8 17.3 15.9 14.9 15.9 13.9 12.5 11.6 12.8 11.4 10.0 9.7 9.7 9.0 9.0 8.3 7.2 7.1 7.1
Operating Expenses 281.5 261.3 301.7 256.0 243.1 237.7 213.9 224.4 234.2 279.1 240.4 251.2 208.8 248.7 209.3 191.2 184.8 205.8 201.2 185.7 187.2 178.6 169.5 181.4 176.8 189.6 173.0 174.3 183.4 184.0 173.8 174.5 135.0 169.5 157.1 165.4 78.5 147.2 166.9 144.4 144.1 135.4 145.2 117.8 125.8 134.4 166.8 121.6 117.4 119.8 97.6 89.1 91.2 79.8 95.5 95.7 108.9 106.8 104.6 117.6 107.3 149.5 100.8 110.5 135.6 144.3 68.1 93.7 48.1 53.9 102.1 65.6 52.9 52.3 47.1 43.3 42.3 44.6 41.9 38.5 36.8 37.1 30.3 28.4 27.7 27.3 23.2 21.6 20.8 21.1 19.3 16.3 16.0 16.6 14.9 15.4 13.8 12.2 12.2 11.7
Operating Income
Operating Income 457.4 496.9 465.1 402.2 391.2 355.8 389.3 364.5 372.3 327.2 353.6 357.6 421.4 388.3 384.4 341.0 297.9 277.1 273.4 270.4 235.5 213.4 196.1 112.3 164.0 219.3 206.4 223.2 195.1 205.1 204.9 197.0 211.8 174.1 175.3 157.7 228.0 161.1 123.5 142.9 144.7 148.5 139.0 144.4 146.8 113.0 85.3 123.0 116.2 98.6 108.9 111.9 106.5 108.2 105.2 104.4 107.8 103.3 97.7 95.7 86.6 85.7 73.5 58.7 37.9 409.2 (121.3) (147.3) (35.9) (11.2) (48.6) (45.0) 7.6 59.3 67.7 66.5 68.8 64.0 58.1 59.9 51.8 49.1 44.6 40.0 36.6 35.8 31.8 27.7 26.0 24.6 22.3 17.9 16.8 12.9 13.2 13.8 11.9 12.7 12.2 13.2
Interest Expense 384.3 415.0 452.2 441.9 431.6 471.6 503.2 481.2 458.5 415.5 391.0 339.4 235.6 155.7 76.4 26.8 16.4 17.0 19.6 22.9 27.7 34.8 41.6 55.0 86.5 99.0 107.1 107.5 100.8 87.9 73.5 58.6 45.2 40.1 36.8 32.7 30.5 29.4 26.2 25.3 24.0 23.5 24.3 28.0 27.5 27.6 29.0 28.0 28.2 28.2 27.5 27.7 29.1 31.6 32.3 33.2 35.1 39.8 45.0 47.1 45.5 45.6 48.6 49.9 57.0 64.1 52.0 58.1 65.2 73.1 73.3 75.7 87.6 94.8 94.9 88.3 87.6 88.8 81.9 67.6 54.3 45.2 34.7 28.8 22.5 17.5 14.0 11.3 10.1 8.4 8.9 11.6 12.5 15.8 22.1 25.9 25.9 24.7 23.8 22.3
Interest Income 1,055.5 1,072.9 1,129.7 1,059.0 1,031.8 1,059.3 1,075.9 1,034.4 1,023.6 990.4 961.8 906.1 835.5 761.2 628.2 499.8 432.0 422.7 415.3 399.3 381.4 381.3 365.7 398.8 449.2 467.2 476.9 474.8 463.3 457.3 422.2 400.3 371.9 359.8 339.9 322.8 302.7 302.1 280.3 278.9 276.2 270.5 264.6 255.4 263.3 287.1 285.9 294.4 286.2 293.2 281.7 255.4 238.4 279.2 254.2 266.4 254.1 268.1 282.0 273.6 253.4 291.3 230.6 252.7 317.9 283.3 147.0 145.8 144.4 149.9 159.9 167.9 187.2 201.4 198.8 187.2 186.2 186.2 177.3 159.2 137.3 126.6 106.3 93.8 84.8 76.8 66.8 56.3 52.1 48.2 43.9 40.5 42.2 42.4 46.5 49.4 48.4 47.3 46.1 44.2
Profitability
EBITDA 457.4 514.1 595.9 483.6 440.6 414.5 428.7 413.2 423.9 315.8 421.8 431.6 454.0 466.2 417.5 363.4 324.5 317.5 319.4 303.3 273.0 237.2 223.2 150.0 195.2 260.2 237.5 255.8 234.6 248.8 238.3 229.5 241.6 200.9 219.1 203.8 261.1 225.2 166.8 169.5 173.3 176.3 161.0 157.8 164.2 139.5 126.1 143.8 133.6 129.8 132.0 134.7 130.4 131.8 124.5 124.6 127.3 122.0 115.8 111.0 102.0 95.1 88.1 76.2 54.0 474.3 (116.0) (141.5) (30.1) (5.9) (45.9) (41.1) 13.8 63.3 69.2 72.1 71.6 64.0 60.3 62.8 54.6 52.3 46.9 42.4 39.0 38.3 34.8 30.8 28.9 27.9 25.2 21.4 19.7 15.0 15.6 16.4 14.2 14.9 14.5 15.2
EBIT 457.4 496.9 465.1 402.2 391.2 355.8 389.3 364.5 372.3 327.2 353.6 357.6 421.4 388.3 384.4 341.0 297.9 277.1 273.4 270.4 235.5 213.4 196.1 112.3 164.0 219.3 206.4 223.2 195.1 205.1 204.9 197.0 211.8 174.1 175.3 157.7 228.0 161.1 123.5 142.9 144.7 148.5 139.0 144.4 146.8 113.0 85.3 123.0 116.2 98.6 108.9 111.9 106.5 108.2 105.2 104.4 107.8 103.3 97.7 95.7 86.6 85.7 73.5 58.7 37.9 409.2 (121.3) (147.3) (35.9) (11.2) (48.6) (45.0) 7.6 59.3 67.7 66.5 68.8 64.0 58.1 59.9 51.8 49.1 44.6 40.0 36.6 35.8 31.8 27.7 26.0 24.6 22.3 17.9 16.8 12.9 13.2 13.8 11.9 12.7 12.2 13.2
Income Before Tax 457.4 466.9 465.1 402.2 391.2 355.8 389.3 364.5 372.3 327.2 353.6 357.6 421.4 388.3 384.4 341.0 297.9 277.1 273.4 270.4 235.5 213.4 196.1 112.3 164.0 219.3 206.4 223.2 195.1 205.1 204.9 197.0 211.8 174.1 175.3 157.7 228.0 161.1 123.5 142.9 144.7 148.5 139.0 144.4 146.8 113.0 85.3 123.0 116.2 98.6 108.9 111.9 106.5 108.2 105.2 104.4 107.8 103.3 97.7 95.7 86.6 85.7 73.5 58.7 37.9 409.2 (121.3) (147.3) (35.9) (11.2) (48.6) (45.0) 7.6 59.3 67.7 66.5 68.8 64.0 58.1 59.9 51.8 49.1 44.6 40.0 36.6 35.8 31.8 27.7 26.0 24.6 22.3 17.9 16.8 12.9 13.2 13.8 11.9 12.7 12.2 13.2
Income Tax Expense 99.6 110.7 96.7 92.0 100.9 62.7 90.2 76.2 87.2 88.3 65.8 45.6 99.0 51.6 89.0 82.7 60.3 59.3 48.0 45.6 30.5 49.3 36.5 12.9 19.2 31.1 35.0 72.8 31.1 32.0 33.6 24.6 24.8 89.2 42.6 39.4 58.3 50.4 13.3 39.6 37.2 56.7 44.9 45.7 46.8 20.0 (6.6) 38.7 42.0 22.8 35.7 37.9 34.4 36.3 34.1 33.8 39.7 37.1 35.3 35.2 30.5 29.4 26.6 22.4 13.0 149.5 (52.8) (60.5) (13.5) (13.6) (17.4) (19.2) 2.6 22.1 26.4 26.0 26.7 24.9 22.5 23.2 19.7 18.3 16.0 14.6 13.1 13.1 11.4 9.7 9.1 8.1 7.7 5.3 4.6 3.4 3.5 3.9 2.3 3.9 3.9 4.5
Net Income 357.8 356.3 368.4 310.3 290.3 293.1 299.2 288.2 285.1 239.0 287.7 312.0 322.4 336.8 295.3 258.3 237.7 217.8 225.4 224.7 205.0 164.1 159.5 99.4 144.8 188.2 171.4 150.4 164.0 173.0 171.3 172.3 187.0 84.9 132.7 118.3 169.7 110.7 110.1 103.3 107.5 91.8 94.1 98.7 100.0 93.0 91.9 84.3 74.2 75.8 73.2 74.0 72.1 71.9 71.1 70.6 68.1 66.2 62.4 60.5 56.1 56.3 47.0 36.3 24.9 259.7 (68.5) (92.1) (22.5) 2.4 (31.2) (25.9) 5.0 37.2 41.3 40.5 42.1 39.1 35.6 36.6 32.1 30.8 28.6 25.5 23.5 22.6 20.4 18.0 16.9 16.4 14.7 12.6 12.2 9.5 9.7 9.8 9.6 8.8 8.4 8.7
Per Share Data
EPS (Basic) 2.59 2.58 2.68 2.25 2.10 2.11 2.15 2.07 2.04 1.70 2.03 2.21 2.29 2.39 2.10 1.83 1.67 1.53 1.59 1.58 1.45 1.16 1.13 0.70 1.00 1.29 1.18 1.03 1.13 1.19 1.18 1.19 1.29 0.59 0.92 0.82 1.18 0.77 0.76 0.72 0.75 0.64 0.65 0.69 0.70 0.65 0.64 0.59 0.54 0.55 0.53 0.52 0.51 0.50 0.49 0.48 0.46 0.46 0.41 0.40 0.37 0.38 0.27 0.21 0.17 2.36 -0.91 -1.83 -0.50 0.04 -0.56 -0.41 0.08 0.60 0.68 0.67 0.69 0.64 0.59 0.61 0.56 0.54 0.54 0.49 0.45 0.43 0.40 0.36 0.35 0.33 0.31 0.26 0.13 0.20 0.21 0.22 0.21 0.20 0.19 0.20
EPS (Diluted) 2.57 2.55 2.65 2.24 2.08 2.10 2.14 2.06 2.03 1.69 2.02 2.20 2.27 2.37 2.08 1.81 1.66 1.52 1.57 1.57 1.44 1.15 1.12 0.70 1.00 1.29 1.17 1.03 1.12 1.18 1.17 1.18 1.28 0.58 0.91 0.81 1.16 0.76 0.76 0.71 0.74 0.63 0.65 0.68 0.69 0.65 0.64 0.58 0.54 0.55 0.53 0.52 0.50 0.49 0.48 0.47 0.45 0.46 0.41 0.39 0.37 0.38 0.27 0.21 0.13 2.36 -0.91 -1.83 -0.50 0.04 -0.56 -0.41 0.08 0.60 0.67 0.66 0.68 0.64 0.58 0.59 0.55 0.54 0.52 0.47 0.44 0.43 0.39 0.35 0.34 0.33 0.30 0.26 0.26 0.20 0.21 0.21 0.21 0.19 0.19 0.19
Shares Outstanding 138.1 138.3 137.9 137.8 138.2 138.6 139.0 139.0 139.4 140.6 141.5 141.5 141.1 140.9 140.9 141.4 142.0 141.9 141.9 141.9 141.6 141.6 141.5 141.5 144.8 145.6 145.6 145.5 145.3 145.0 144.9 144.9 144.7 144.5 144.5 144.5 144.2 144.2 144.1 144.1 144.0 143.9 143.9 143.8 143.7 143.4 143.2 143.2 142.0 137.2 137.0 137.5 137.6 138.8 139.6 142.1 145.3 145.3 147.2 147.0 146.8 137.5 146.5 146.4 110.0 78.8 86.5 63.1 63.0 62.9 62.7 62.6 62.5 61.2 61.2 60.4 60.6 60.6 60.5 60.3 56.8 53.5 53.3 52.3 52.2 52.2 51.2 50.1 49.1 48.9 47.9 47.7 94.1 45.9 45.7 46.1 45.4 44.8 44.7 44.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4
Current Assets
Cash & Cash Equivalents 657.1 656.1 4,762.4 4,514.5 3,481.1 5,298.9 4,976.2 4,390.2 4,235.4 4,625.5 4,578.4 6,395.1 5,944.4 3,620.8 2,793.9 2,614.8 4,664.8 4,649.4 5,708.1 6,828.1 5,361.1 4,827.7 5,206.4 5,065.1 3,373.6 3,457.3 3,202.7 3,771.9 3,919.3 3,372.4 2,619.7 2,658.4 2,793.8 2,573.0 2,141.7 3,049.2 2,684.5 2,201.7 1,666.8 1,592.8 2,265.3 1,185.9 1,180.7 1,099.1 573.1 541.1 167.3 162.3 383.0 142.2 82.0 120.3 295.3 323.9 273.6 181.0 115.7 63.0 51.5 52.4 45.0 43.5 40.2 71 81 161.1
Short-Term Investments 0 0 507.6 341.9 499.5 180.2 10,133.9 8,923.5 8,400.5 6,188.3 6,039.8 5,987.3 6,300.9 6,035.0 5,906.1 6,255.5 6,729.4 9,965.4 9,713.0 8,399.5 7,789.2 5,544.7 4,539.2 3,884.6 3,695.9 3,317.2 3,284.0 2,592.9 2,640.2 2,741.8 2,676.5 2,707.4 2,811.4 3,016.8 2,956.8 2,822.7 2,962.0 3,335.8 3,544.1 3,470.3 3,510.8 447.2 457.2 246.8 554.3 329.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 316.1 315.7 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 0 0 0 0 0 0 0 0 123.8 130.1 122.9 179.5 143.1 168.5 49.9 32.5 35.8 107.4 96.7 91.7 93.3 57.9 51.9 50.5 48.0 45.1 42.9 36.0 30.5 29.9 29 27.8 28.3
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 973.2 971.8 5,270.0 4,856.3 3,980.6 5,479.1 15,110.1 13,313.7 12,635.9 10,813.8 10,618.2 12,382.3 12,245.3 9,655.8 8,700.0 8,870.3 11,394.3 14,614.8 15,421.1 15,227.5 13,150.3 10,372.4 9,745.6 8,949.7 7,069.5 6,774.5 6,486.7 6,364.8 6,559.5 6,114.2 5,296.2 5,365.8 5,605.2 5,589.8 5,098.5 5,871.9 5,646.5 5,537.4 5,210.9 5,063.1 5,776.1 1,756.9 1,768.0 1,468.8 1,306.9 1,013.4 335.8 212.3 415.6 178.0 189.5 217.0 387.0 417.2 331.5 232.9 166.2 111.0 96.6 95.4 81.1 74 70.1 100 108.8 189.4
Non-Current Assets
Property, Plant & Equipment 311.9 207.7 156.5 161.8 162.2 164.2 163.5 163.6 171.5 180.4 185.7 189.5 193.3 192.9 197.0 201.5 198.4 195.9 196.7 201.9 196.6 198.7 203.6 205.6 216.8 218.3 224.8 230.5 228.6 119.2 120.3 122.1 119.7 121.2 131.3 128.3 128.0 159.9 162.5 163.4 165.2 134.2 221.5 59.1 56.8 58.5 66.2 25.8 25.3 25.0 23.8 24.5 23.9 25.9 27.3 27.6 28.4 26.6 27.0 27.1 26.1 22.6 23 23 23.1 23.4
Goodwill 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.7 465.5 465.5 465.5 465.5 469.4 469.4 469.4 469.4 469.4 469.4 469.4 469.4 337.4 337.4 337.4 337.4 337.4 168.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 49.9 32.5 35.8 107.4 96.7 0 93.3 57.9 51.9 50.5 48.0 45.1 42.9 36.0 30.5 29.9 29 27.8 28.3
Long-Term Investments 79,920.3 78,410.3 71,092.3 70,221.1 69,238.7 67,535.3 56,409.5 55,997.7 55,217.3 55,403.2 54,122.2 52,987.2 52,039.8 51,397.6 50,612.2 49,629.9 46,551.3 41,781.1 40,586.1 40,139.2 39,627.5 38,252.8 37,270.4 37,054.4 35,805.0 34,881.9 34,081.3 33,812.5 32,960.3 32,490.7 31,283.5 30,338.6 29,710.5 29,167.4 28,621.7 27,425.6 26,713.6 25,766.9 24,851.4 24,359.8 23,870.1 15,651.2 15,764.9 16,493.8 10,514.0 10,644.8 10,428.9 4,482.4 3,994.2 3,679.3 3,150.0 3,041.9 2,844.8 2,737.7 2,400.2 2,305.7 2,302.1 2,278.3 2,181.7 2,147.6 2,116.1 1,983 1,901.8 1,907 1,804.8 1,783
Other Non-Current Assets 1,215.0 (94.5) 2,685.0 2,453.2 2,317.8 2,332.2 2,335.0 2,527.5 2,385.3 2,749.7 2,897.6 2,508.0 2,300.8 2,400.2 2,601.2 3,226.9 3,631.8 3,813.2 4,289.5 3,820.5 3,434.0 2,867.3 2,686.2 2,732.2 2,391.6 1,855.7 2,016.2 2,018.8 1,877.4 1,852.8 1,907.5 1,780.9 1,792.1 1,773.8 1,987.0 2,022.4 2,384.6 2,855.2 2,561.1 2,896.5 2,828.4 2,087.6 2,207.3 2,200.1 341.3 327.9 474.4 159.4 157.1 144.5 208.6 207.4 65.7 44.4 39.0 43.0 49.0 53.5 64.5 71.7 78.4 66.2 65.8 60.3 60.9 58.8
Total Non-Current Assets 81,913.0 79,463.2 74,399.5 73,301.7 72,184.4 70,497.4 59,373.7 59,154.5 58,239.8 58,799.1 57,671.2 56,150.4 54,999.6 54,456.4 53,876.1 53,524.0 50,847.2 46,255.9 45,538.0 44,627.3 43,723.9 41,784.6 40,625.9 40,457.9 38,879.1 37,421.6 36,787.9 36,527.6 35,531.9 34,928.1 33,776.9 32,707.1 32,087.9 31,531.8 31,209.5 30,045.7 29,695.6 29,251.4 28,044.3 27,889.1 27,333.1 18,210.4 18,531.2 19,090.4 11,412.6 11,551.1 11,304.3 4,696.3 4,207.3 3,877.4 3,411.1 3,302.8 2,934.5 2,828.6 2,486.8 2,396.8 2,400.2 2,374.9 2,289.9 2,263.0 2,237.3 2,078.6 1,997.5 1,997.3 1,892.3 1,868.8
Total Assets 82,886.2 80,435.0 79,669.5 78,158.1 76,165.0 75,976.5 74,483.7 72,468.3 70,875.7 69,612.9 68,289.5 68,532.7 67,244.9 64,112.2 62,576.1 62,394.3 62,241.5 60,870.7 60,959.1 59,854.9 56,874.1 52,156.9 50,371.5 49,407.6 45,948.5 44,196.1 43,274.7 42,892.4 42,091.4 41,042.4 39,073.1 38,073.0 37,693.2 37,121.6 36,308.0 35,917.6 35,342.1 34,788.8 33,255.3 32,952.2 33,109.2 19,967.3 20,299.2 20,559.2 12,719.5 12,564.5 11,640.2 4,908.6 4,622.9 4,055.4 3,600.6 3,519.8 3,321.5 3,245.8 2,818.3 2,629.8 2,566.5 2,486.0 2,386.5 2,358.4 2,318.4 2,152.6 2,067.6 2,097.3 2,001.1 2,058.2
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 114.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 1,594.0 3,000 63.3 0 270.1 0 0 0 19.2 4,500 4,500 4,500 4,500 300 811.8 611.8 300 300 300 300 300 321.0 407.7 552.9 516.9 228.7 97.7 70.0 89.5 107.6 106.4 108.5 80.3 50 74.8 74.4 242.0 410.1 237.0 229.5 210.1 1,104.8 1,097.8 1,101.3 1,031.7 1,012.7 1,166.7 0 0 12 132.4 36.4 34 54 20.8 7 45 38 38 38 374.8 468.6 36 0 25.1 324
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 66,587.6 65,029.5 63,052.1 63,175.0 61,700.1 59,999.8 58,560.6 56,092.4 55,087.0 55,658.8 54,737.4 55,967.8 53,857.4 54,343.4 54,938.4 53,350.5 53,356.2 52,582.6 49,547.1 44,862.8 41,680.6 40,672.7 38,687.0 37,324.3 36,659.5 36,477.5 36,274.0 35,439.6 33,629.1 32,776.1 32,608.8 31,615.1 31,311.7 31,154.3 30,543.0 29,891.0 28,592.4 28,217.2 28,596.2 14,918.7 14,606.7 14,987.6 8,658.8 8,454.1 7,478.3 3,822.4 3,645.2 3,312.7 3,074.6 3,107.8 2,926.4 2,851.0 2,460.4 2,292.5 2,215.0 1,948.6 1,877.2 1,813.1 1,763.4 1,500.5 1,465.7 1,433.9 1,307.8 1,292.9
Total Current Liabilities 1,594.0 3,000 66,650.9 65,116.5 63,409.4 63,264.3 61,790.5 60,089.4 58,675.4 60,694.8 59,694.7 60,269.2 60,783.1 57,975.1 56,437.9 56,457.4 56,311.2 54,632.2 54,868.2 53,906.9 50,783.9 46,083.4 43,008.9 42,183.1 40,247.1 38,280.3 37,494.1 37,260.2 37,002.4 36,145.4 34,345.9 33,471.9 33,223.3 32,179.0 32,026.2 31,748.2 31,272.6 30,853.1 29,364.9 29,138.6 29,371.3 16,326.5 15,937.0 16,193.0 9,826.0 9,556.6 8,759.1 3,822.4 3,645.2 3,324.7 3,207.0 3,144.2 2,960.4 2,905.0 2,481.1 2,299.5 2,260.0 1,986.6 1,915.2 1,851.1 2,138.2 1,969.1 1,501.7 1,433.9 1,332.9 1,616.9
Non-Current Liabilities
Long-Term Debt 1,935.5 35.6 3,035.7 3,535.8 3,535.9 3,536.0 3,536.1 3,536.1 3,536.4 153.0 148.2 153.0 152.5 152.4 477.5 327.4 226.8 401.3 400.7 400.5 805.2 804.4 2,236.5 2,237.2 798.5 898.2 897.9 897.6 497.1 473.0 482.4 486.7 491.1 495.5 499.8 499.2 503.6 508.0 512.3 516.7 521.1 1,257.6 2,005.0 2,041.0 1,408.8 1,468.8 1,703.9 614.9 514.9 315.2 20.8 22.6 20.8 23.1 69.9 69.9 79.8 288.8 254.8 321.5 0.8 15.5 400.5 498 500 273.8
Deferred Tax Liabilities 0 92.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 70,208.4 68,269.6 1,316.1 1,304.0 1,290.3 1,453.2 1,492.6 1,627.6 1,640.6 1,814.2 1,844.9 1,648.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 605.1 0 0 0 0 0 0 0 44.3 51.4 40.5 7.9 3.9 10.6 48.3 55.6 53.6 46.7 40.9 2.1 29.0 31.3 43.1 19.2 24.5 38.5 22.0 23.0 17.9 16.9 19.5 19.3 16.7
Total Non-Current Liabilities 72,292.7 68,535.8 4,435.8 4,839.8 4,826.2 4,989.1 5,028.7 5,163.7 5,177.0 1,967.3 1,998.0 1,801.8 152.5 152.4 477.5 327.4 226.8 401.3 400.7 400.5 805.2 804.4 2,236.5 2,237.2 798.5 898.2 897.9 897.6 497.1 473.0 482.4 486.7 491.1 1,100.6 499.8 499.2 503.6 508.0 512.3 516.7 521.1 1,301.9 2,056.4 2,081.5 1,416.7 1,472.7 1,714.5 663.3 570.5 368.8 67.4 63.4 59.0 52.1 101.2 113.0 98.9 313.3 293.2 343.5 23.8 33.4 417.4 517.5 519.3 290.5
Total Liabilities 73,886.7 71,535.8 71,086.7 69,956.3 68,235.5 68,253.4 66,819.2 65,253.2 63,852.4 62,662.1 61,692.8 62,071.0 60,935.6 58,127.5 56,915.4 56,784.8 56,538 55,033.5 55,268.9 54,307.3 51,589.1 46,887.7 45,245.4 44,420.3 41,045.6 39,178.5 38,392.0 38,157.8 37,499.5 36,618.4 34,828.3 33,958.7 33,714.4 33,279.6 32,526.1 32,247.4 31,776.2 31,361.1 29,877.2 29,655.3 29,892.4 17,628.4 17,993.4 18,274.6 11,242.7 11,029.3 10,473.6 4,485.7 4,215.7 3,693.4 3,274.4 3,207.6 3,019.4 2,957.1 2,582.4 2,412.6 2,358.9 2,299.8 2,208.5 2,194.6 2,161.9 2,002.5 1,919.1 1,951.4 1,852.2 1,907.4
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 0 0
Retained Earnings 8,547.8 8,301.5 8,028.9 7,744.2 7,517.7 7,311.5 7,095.6 6,873.7 6,662.9 6,465.2 6,294.8 6,075.7 5,832.3 5,582.5 5,302.9 5,064.6 4,863.7 4,683.7 4,513.3 4,335.3 4,158.0 4,000.4 3,875.7 3,755.6 3,695.8 3,689.4 3,545.8 3,414.9 3,305.1 3,160.1 3,020.8 2,883.2 2,740.2 2,576.3 2,520.8 2,417.4 2,328.3 2,187.7 2,106.1 2,025.1 1,951.0 650.6 621.9 604.2 431.8 548.1 626.2 258.3 242.7 228.2 200.5 188.2 178.9 167.8 127.0 117.9 108.9 99.8 90.8 82.7 75.0 67 59.8 53.4 47 41.7
Accumulated Other Comprehensive Income (388.2) (345.6) (375.6) (462.4) (495.0) (585.3) (437.3) (654.2) (662.7) (620.6) (875.4) (781.9) (680.0) (765.6) (800.0) (600.6) (394.9) (90.4) (57.6) (14.7) (90.0) 44.3 33.3 23.1 6.9 (18.4) (1.0) (10.0) (33.0) (58.2) (89.8) (71.5) (55.8) (37.5) (32.2) (34.2) (43.5) (48.1) (7.2) (1.7) (2.1) 2.3 2.1 0.6 (39.9) (80.1) (11.0) (4.4) (2.4) (1.8) 2.0 2.2 3.3 1.9 (1.0) (4.3) (4.4) (8.6) (13.8) (15.9) (15.2) (13.6) (9.9) 0 (1.1) (0.9)
Total Stockholders' Equity 8,999.4 8,899.2 8,582.8 8,201.8 7,929.5 7,723.1 7,664.5 7,215.1 7,023.2 6,950.8 6,596.7 6,461.7 6,309.3 5,984.6 5,660.7 5,609.5 5,703.5 5,837.2 5,690.2 5,547.5 5,285.0 5,269.2 5,126.1 4,987.2 4,903.0 5,017.6 4,882.7 4,734.6 4,591.9 4,424.0 4,244.9 4,114.3 3,978.8 3,842.0 3,781.9 3,670.3 3,566.0 3,427.7 3,378.1 3,296.9 3,216.8 2,339.0 2,305.8 2,284.7 1,476.8 1,535.2 1,166.6 422.9 407.1 362.0 326.2 312.2 302.1 288.7 235.9 217.2 207.6 186.1 178.0 163.8 156.5 150.1 146.4 145.9 148.9 150.8
Total Liabilities & Equity 82,886.2 80,435.0 79,669.5 78,158.1 76,165.0 75,976.5 74,483.7 72,468.3 70,875.7 69,612.9 68,289.5 68,532.7 67,244.9 64,112.2 62,576.1 62,394.3 62,241.5 60,870.7 60,959.1 59,854.9 56,874.1 52,156.9 50,371.5 49,407.6 45,948.5 44,196.1 43,274.7 42,892.4 42,091.4 41,042.4 39,073.1 38,073.0 37,693.2 37,121.6 36,308.0 35,917.6 35,342.1 34,788.8 33,255.3 32,952.2 33,109.2 19,967.3 20,299.2 20,559.2 12,719.5 12,564.5 11,640.2 4,908.6 4,622.9 4,055.4 3,600.6 3,519.8 3,321.5 3,245.8 2,818.3 2,629.8 2,566.5 2,486.0 2,386.5 2,358.4 2,318.4 2,152.6 2,067.6 2,097.3 2,001.1 2,058.2
Debt Metrics
Total Debt 3,678.3 3,173.9 3,183.0 3,622.8 3,893.1 3,625.2 3,626.4 3,625.8 3,651.2 4,755.4 4,760.8 4,763.3 4,765.1 564.3 1,402.8 1,054.6 636.5 806.9 807.8 810.6 1,207.1 1,228.2 2,747.9 2,892.8 1,424.8 1,234.9 1,107.7 1,085 699.5 580.6 588.8 595.2 571.4 545.5 574.6 573.6 745.6 918.0 749.3 746.2 731.2 2,362.4 3,102.8 3,142.2 2,440.5 2,481.5 2,870.6 614.9 514.9 327.2 153.2 59.0 90.9 77.2 90.7 76.9 124.8 326.8 292.8 359.5 375.5 484.1 436.5 498 525.1 597.8
Net Debt 3,021.2 2,517.7 (1,579.3) (891.7) 412.1 (1,673.7) (1,349.8) (764.4) (584.1) 129.9 182.4 (1,631.7) (1,179.3) (3,056.5) (1,391.1) (1,560.2) (4,028.3) (3,842.6) (4,900.3) (6,017.5) (4,154.0) (3,599.5) (2,458.6) (2,172.3) (1,948.8) (2,222.4) (2,095.0) (2,686.9) (3,219.8) (2,791.7) (2,030.9) (2,063.1) (2,222.4) (2,027.5) (1,567.0) (2,475.5) (1,938.9) (1,283.6) (917.5) (846.6) (1,534.1) 1,176.4 1,922.1 2,043.1 1,867.4 1,940.5 2,703.3 452.6 131.9 185.0 71.1 (61.4) (204.4) (246.8) (182.9) (104.1) 9.0 263.7 241.2 307.1 330.5 440.6 396.3 427 444.1 436.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4
Operating Activities
Net Income 357.8 1,705.5 368.4 310.3 290.3 293.1 299.2 288.2 285.1 239.0 287.7 312.0 322.4 336.8 295.3 258.3 237.7 217.8 225.4 224.7 205.0 164.1 159.5 99.4 144.8 188.2 171.4 150.4 164.0 173.0 171.3 172.3 187.0 84.9 132.7 118.3 169.7 110.7 110.1 103.3 107.5 28.6 25.5 23.5 18.0 16.9 16.4 16.1 14.7 11.8 12.6 12.9 12.2 11.7 9.5 9.8 9.7 9.6 8.8 8.4 8.7 7.9 7 7.1 6 6.5
Depreciation & Amortization 62.4 180.2 28.2 81.3 49.4 58.7 39.4 48.7 51.6 (11.4) 68.3 74.0 32.6 77.9 33.1 22.4 26.6 40.4 46.0 32.9 37.5 23.8 27.2 37.7 31.2 41.0 31.1 32.6 39.5 43.7 33.4 32.5 29.9 26.8 43.8 46.1 33.1 64.0 43.4 26.6 28.6 2.3 2.4 2.4 3.1 2.9 3.3 3.2 2.8 2.7 3.5 2.3 2.9 1.8 2.1 2.3 2.4 2.3 2.2 2.3 2.0 2.1 1.9 0.4 0.7 2.9
Stock-Based Compensation 19.8 39.4 36.1 13.3 13.2 11.2 10.7 10.7 13.0 9.9 9.5 9.4 11.1 8.3 12.3 8.6 8.4 8.5 8.0 8.2 7.8 7.0 7.9 7.1 7.2 7.7 7.5 8.1 7.4 6.7 11.0 7.1 6.2 8.9 5.7 5.0 5.2 8.1 4.8 4.6 4.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (7.3) (375.0) (235.1) (164.1) (105.4) 58.1 (7.1) (127.7) (101.9) 308.7 (20.5) (160.1) (169.1) 7.3 312.4 327.8 1.4 143.6 69.5 (201.9) 83.9 78.8 (47.8) (40.9) (158.1) 121.7 (145.7) (51.4) (88.4) (26.6) 42.1 (2.1) 13.9 (157.1) 121.3 23.6 55.9 22.5 (10.1) (33.3) 60.0 25.1 (14.4) 2.0 (22.6) 3.8 (1.6) 8.1 (4.7) (0.8) 11.5 (27.8) 1.0 (14.5) 5.8 5.5 2.5 (31.3) 14.3 (7.8) 1.3 (2.7) 2.2 (3.3) 3.5 (1,905)
Other Non-Cash Items (3.8) (790.1) 36.1 39.7 52.9 80.6 47.8 41.3 25.4 65.7 38.4 21.1 25.3 57.3 32.8 26.6 18.9 8.3 (5.1) (5.2) 8.2 30.4 14.3 76.1 66.5 7.4 35.0 12.8 17.1 10.8 0.6 6.6 (19.8) 20.1 1.2 2.3 (79.8) (4.4) (1.2) (14.1) (20.9) 2.7 3.5 4.6 4.1 2.7 0.9 (22.6) 12.7 13.9 5.4 (5.7) 12.3 (4.5) (0.9) 4.6 (4.9) 1.1 1.1 (0.9) 0.4 (2.6) 2.3 4.1 4 1,903
Operating Cash Flow 428.6 713.4 231.7 278.7 277.9 500.1 386.1 259.2 266.2 561.7 381.9 256.9 222.9 449.6 687.4 643.2 285.9 422.6 342.0 61.1 342.7 262.7 161.2 179.2 91.7 346.8 99.0 150.8 139.2 189.9 258.4 217.0 217.9 31.9 284.7 195.0 185.3 224.3 146.3 87.8 183.6 55.3 15.5 33.0 (0.3) 24.9 19.4 5.0 23.7 25.7 30.9 (19.0) 26.7 (6.6) 16.6 23.4 8.7 (16.6) 25.5 1.9 12.4 4.7 12.4 8.3 14.2 7.7
Investing Activities
Capital Expenditure (99.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.6) (0.4) (0.4) 0.9 (0.9) (1.4) (4.1) (1.1) (3.3) (4.4) (1.8) (5.9) (1.8) (2.2) (6.6) (3.8) (1.2) 0 (3.9) (4.2) (2.3) (1.9) (0.7) (1.1) (1.3) (1.0) (0.8) (1.7) (0.5) (0.5) (0.2) (0.5) (0.5) (0.3) (1.3) (1.3) (0.9) 3.7 (1.1) (1.7) (4.5) (0.3) (0.4) (0.6) (0.2) (0.5)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (503.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25.8 0.4 0 0 0 0 0 0 0
Purchases of Investments (1,822.8) (5,803.7) (1,310.5) (1,331.2) (2,236.3) (1,440.9) (1,303.9) (1,517.5) (3,337.1) (538.5) (417.1) (61.5) (532.8) (301.6) (2.0) (70.2) (746.9) (895.3) (1,869.2) (1,045.6) (2,969.6) (1,590.4) (1,333.8) (847.0) (987.1) (1,084.0) (902.6) (246.9) (69.8) (374.1) (279.3) (77.4) (157.9) (326.9) (229.0) (221.8) (50.9) (1,052.0) (637.3) (469.5) (223.9) (192.4) (83.3) (59.9) (164.3) (124.6) (107.2) (53.1) (21.1) (51.3) (120) (148.1) (50.6) (132.6) (80.1) (86.2) 0 52.0 (3.2) (28.8) (66.1) (1) 76.4 (233) (263) 0
Sales/Maturities of Investments 913.9 2,396.9 1,167.9 1,265.8 788.1 552.3 388.2 963.5 1,126.2 608.7 270.0 322.7 334.3 200.3 118.8 216.8 565.7 491.2 541.8 521.8 520.2 568.3 694.3 717.9 615.1 1,021.9 267.8 285.4 207.1 406.1 232.1 165.7 302.5 246.2 203.6 369.0 427.7 899.6 570.8 497.4 811.0 225.7 69.0 36.0 99.4 166.2 66.6 49.8 89.0 97.7 (194.4) 198.7 22.7 133.3 (134.6) 97.9 119.4 26.7 23.5 25.4 81.0 25.9 126.8 131.2 309.1 0
Other Investing Activities (1,247.2) 1,851.7 (809.2) (868.9) (587.3) (627.0) (579.5) (858.7) 339.3 (1,419.7) (1,410.3) (968.6) (434.4) (231.2) (391.7) (2,439.5) (1,501.4) (895.2) (888.0) (732.7) (1,894.9) (1,431.0) (349.7) (1,995.3) (1,032.4) (638.9) (232.8) (915.8) (252.6) (1,205.9) (1,129.6) (517.7) (679.4) (351.4) (1,392.2) (576.5) (588.9) (1,166.9) (353.2) (403.8) (254.4) (290.9) (288.0) (309.5) (430.6) (372.1) (327.2) (150.4) (189.0) (143.0) 200.7 (46.8) (161.7) (97.4) 158.9 (105.8) (111.2) (2.5) (45.9) (22.6) (174.9) (107.6) (211.4) (11.9) (71.6) (230.6)
Investing Cash Flow (2,255.1) (1,555.1) (951.7) (934.2) (2,035.5) (1,515.7) (1,495.3) (1,412.7) (1,871.6) (1,349.5) (1,557.4) (707.4) (632.8) (332.6) (274.9) (2,292.9) (1,682.5) (1,299.3) (2,215.4) (1,256.5) (4,345.9) (2,453.5) (989.7) (2,125.3) (1,405.3) (702.4) (871.7) (878.5) (118.7) (1,178.3) (1,178.6) (435.2) (1,040.3) (434.2) (1,424.2) (433.0) (213.4) (1,319.4) (423.6) (380.2) 330.5 (259.6) (303.0) (334.5) (496.7) (331.4) (368.6) (155.4) (121.8) (97.0) (113.9) 3.3 (190.1) (96.9) (57.1) (95.4) 7.3 101.9 (26.3) (27.8) (164.5) (83) (8.6) (114.3) (25.7) (231.1)
Financing Activities
Net Debt Issuance 494.0 (63.5) (2,490.4) 1,999.8 (0.2) (0.2) (0.2) (19.4) (1,097.6) (0.3) (0.2) (0.2) 4,499.8 (325.2) 349.8 99.8 (175.3) (0.3) (0.3) (405.3) (21.5) (1,472.7) (196.2) 1,624.1 (60.3) (19.7) 28.8 381.2 (1.7) (11.7) (1.8) 24.7 25.2 (30.0) (0.1) (23.0) (23.5) 19.8 2.6 15.1 (695.0) 43.0 (41.7) 96.2 100.0 187.7 160.7 9.6 95.7 (0.3) (20.3) (5.3) (5.3) (40.6) 35 (7) (28) 34 (68.0) (15.5) (107.8) 47.7 (65) (23.6) (75.8) 0
Stock Repurchased (122.9) (1.0) (26.3) (4.0) (103.2) (20.7) (0.1) (41.0) (96.1) (82.7) (0.2) (1.2) (21.8) (0.1) (0.0) (100.4) (18.6) (0.2) (0.3) (0.3) (15.0) (0.6) (0.0) (0.0) (153.6) (0.4) (0.1) (0.1) (14.0) 0 (0.3) (0.2) (14.9) (0.3) (0.4) (0.1) (12.2) (0.1) (0.1) (0.0) (3.1) 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
Dividends Paid (114.0) (82.6) (82.8) (82.8) (85.9) (76.3) (76.3) (76.6) (79.3) (67.7) (67.9) (68.1) (70.8) (56.4) (56.4) (56.7) (58.9) (46.9) (46.9) (46.8) (48.2) (39.0) (38.9) (38.9) (41.4) (40.1) (40.0) (40.0) (34.9) (33.4) (33.4) (29.0) (30.2) (28.9) (28.9) (28.9) (30.0) (28.8) (28.8) (28.8) (29.3) (2.6) (2.6) (2.6) (2.5) (2.4) (2.4) (2.4) (2.4) (2.4) (1.6) (1.6) (1.6) (1.6) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7) (0.6) (0.7) (0.7) (0.7) 0
Other Financing Activities 1,815.3 451.0 3,622.0 (298.0) 143.6 1,518.4 1,669.9 1,448.0 2,475.1 986.5 (578.1) 985.5 (1,550.1) 1,576.3 (423.0) (225.1) 1,584.3 (21.1) 778.1 3,019.2 4,690.7 3,164.0 1,030.0 1,823.3 1,374.3 652.0 216.6 237.5 800.1 1,826.7 896.2 232.7 964.4 888.1 127.7 600.1 646.2 1,323.9 378.1 (362.3) 1,117.3 180.7 342.2 219.6 177.2 332.5 105.9 132.1 (33.1) 46.5 75.4 187.1 121.7 124.2 (42.4) 167.9 77.6 (100.1) 65.4 49.2 262.1 35.5 31.8 126.2 14.8 187.5
Financing Cash Flow 2,072.4 305.3 1,022.5 1,615.0 (45.7) 1,421.2 1,593.4 1,311.0 1,202.0 835.8 (646.4) 915.9 2,857.2 1,194.6 (129.6) (282.4) 1,331.6 (68.4) 730.7 2,566.8 4,606.0 1,651.7 794.8 3,408.5 1,119.0 591.7 205.3 578.5 749.4 1,767.5 860.7 228.2 944.4 829.0 110.9 548.1 580.5 1,314.8 351.8 (376.1) 389.8 223.8 299.7 313.5 276.4 547.4 268.4 140.9 61.7 44.2 54.3 182.7 115.8 83.7 (8.8) 164.7 49.3 (73.8) (0.1) 33.3 153.6 81.6 (34.5) 96 (68.7) 187.5
Cash Position
Net Change in Cash 250.7 (4,030.2) 284.3 961.7 (1,802.5) 390.7 494.4 154.9 (404.2) 53.8 (1,816.7) 443.7 2,452.4 1,318.4 261.3 (1,946.6) (64.2) (940.0) (1,144.9) 1,378.7 601.2 (489.0) (26.6) 1,453.5 (181.1) 218.9 (579.3) (163.7) 783.9 782.6 (78.7) (17.5) 140.3 437.8 (1,015.7) 317.8 556.1 211.7 74.0 (672.5) 904.4 19.6 12.2 12.0 (220.7) 240.8 (80.8) (9.6) (36.3) (27.1) (28.7) 167.0 (47.6) (19.8) (49.3) 92.6 65.4 11.5 (0.8) 7.4 1.4 3.3 (30.8) (10) (80.1) (36)
Cash at Beginning 4,188.1 4,694.2 4,409.9 3,448.3 5,250.7 4,860.1 4,365.7 4,210.8 4,615.0 4,561.2 6,377.9 5,934.2 3,481.8 2,163.4 1,902.1 3,848.7 3,912.9 4,852.9 5,997.8 4,619.1 4,018.0 4,506.9 4,533.5 3,080.0 3,261.1 3,042.3 3,621.6 3,785.3 3,001.4 2,218.8 2,297.5 2,314.9 2,174.6 1,736.7 2,752.5 2,434.6 1,878.5 1,666.8 1,592.8 2,265.3 1,360.9 117.3 105.1 93.1 382.4 141.6 222.4 231.9 268.2 295.3 323.9 157.0 204.5 224.3 273.6 181.0 115.6 51.5 52.3 44.9 43.5 40.2 71 81 161.1 0
Cash at End 4,438.9 664.0 4,694.2 4,409.9 3,448.3 5,250.7 4,860.1 4,365.7 4,210.8 4,615.0 4,561.2 6,377.9 5,934.2 3,481.8 2,163.4 1,902.1 3,848.7 3,912.9 4,852.9 5,997.8 4,619.1 4,018.0 4,506.9 4,533.5 3,080.0 3,261.1 3,042.3 3,621.6 3,785.3 3,001.4 2,218.8 2,297.5 2,314.9 2,174.6 1,736.7 2,752.5 2,434.6 1,878.5 1,666.8 1,592.8 2,265.3 136.8 117.3 105.1 161.7 382.4 141.6 222.4 231.9 268.2 295.3 323.9 157.0 204.5 224.3 273.6 181.0 63.0 51.5 52.3 44.9 43.5 40.2 71 81 (36)
Free Cash Flow 329.6 713.4 231.7 278.7 277.9 500.1 386.1 259.2 266.2 561.7 381.9 256.9 222.9 448.9 687.4 643.2 285.9 422.6 342.0 61.1 342.7 262.3 161.2 180.1 90.8 345.5 94.9 149.7 135.9 185.5 256.6 211.2 216.1 29.8 278.1 191.2 184.1 222.5 142.4 83.5 181.3 53.4 14.7 31.9 (1.6) 23.8 18.7 3.2 23.2 25.3 30.7 (19.5) 26.2 (6.8) 15.3 22.0 7.9 (12.9) 24.5 0.2 7.8 4.4 12 7.7 14 7.2
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 1,159.3 1,173.3 1,255.0 1,145.2 1,114.9 1,135.1 1,148.4 1,107.0 1,089.9 1,058.9 1,027.0 974.2 885.9 817.7 697.1 572.5 507.1 489.9 484.3 463.9 450.4 451.1 417.1 451.1 501.1 526.4 524.8 524.3 501.9 494.9 462.7 445.7 412.2 399.2 382.1 366.5 344.1 348.2 326.1 318.6 314.2 305.4 316.3 293.6 305.1 294.1 296.3 280.6 268.7 252.0 237.5 237.7 231.2 232.7 251.5 248.8 269.9 270.0 269.2 287.0 265.8 310.7 261.6 274.4 307.0 757.6 158.1 155.9 155.4 158.7 169.9 181.3 203.1 215.4 212.8 198.0 198.7 195.5 185.4 167.4 146.2 133.9 114.1 101.7 91.3 85.6 74.0 63.7 60.6 56.3 52.6 48.4 47.8 47.8 51.7 55.8 51.9 50.9 49.6 48.6
Gross Profit 739.0 758.3 766.8 658.3 634.3 593.5 603.3 588.9 606.4 606.3 594.0 608.8 630.2 637.0 593.7 532.2 482.7 482.9 474.7 456.1 422.7 392.0 365.5 293.7 340.8 408.8 379.4 397.5 378.5 389.0 378.7 371.5 346.8 343.6 332.4 323.1 306.5 308.3 290.4 287.3 288.8 283.8 284.2 262.2 272.6 247.5 252.1 244.6 233.5 218.3 206.5 201.0 197.7 188.0 200.7 200.1 216.7 210.2 202.2 213.3 193.8 235.2 174.4 169.2 173.6 553.5 (53.2) (53.6) 12.2 42.6 53.5 20.6 60.5 111.6 114.8 109.7 111.1 108.7 100.0 98.4 88.6 86.2 74.9 68.4 64.4 63.1 55.0 49.4 46.8 45.6 41.7 34.2 32.8 29.5 28.1 29.2 25.7 24.9 24.4 25.0
Operating Income 457.4 496.9 465.1 402.2 391.2 355.8 389.3 364.5 372.3 327.2 353.6 357.6 421.4 388.3 384.4 341.0 297.9 277.1 273.4 270.4 235.5 213.4 196.1 112.3 164.0 219.3 206.4 223.2 195.1 205.1 204.9 197.0 211.8 174.1 175.3 157.7 228.0 161.1 123.5 142.9 144.7 148.5 139.0 144.4 146.8 113.0 85.3 123.0 116.2 98.6 108.9 111.9 106.5 108.2 105.2 104.4 107.8 103.3 97.7 95.7 86.6 85.7 73.5 58.7 37.9 409.2 (121.3) (147.3) (35.9) (11.2) (48.6) (45.0) 7.6 59.3 67.7 66.5 68.8 64.0 58.1 59.9 51.8 49.1 44.6 40.0 36.6 35.8 31.8 27.7 26.0 24.6 22.3 17.9 16.8 12.9 13.2 13.8 11.9 12.7 12.2 13.2
Net Income 357.8 356.3 368.4 310.3 290.3 293.1 299.2 288.2 285.1 239.0 287.7 312.0 322.4 336.8 295.3 258.3 237.7 217.8 225.4 224.7 205.0 164.1 159.5 99.4 144.8 188.2 171.4 150.4 164.0 173.0 171.3 172.3 187.0 84.9 132.7 118.3 169.7 110.7 110.1 103.3 107.5 91.8 94.1 98.7 100.0 93.0 91.9 84.3 74.2 75.8 73.2 74.0 72.1 71.9 71.1 70.6 68.1 66.2 62.4 60.5 56.1 56.3 47.0 36.3 24.9 259.7 (68.5) (92.1) (22.5) 2.4 (31.2) (25.9) 5.0 37.2 41.3 40.5 42.1 39.1 35.6 36.6 32.1 30.8 28.6 25.5 23.5 22.6 20.4 18.0 16.9 16.4 14.7 12.6 12.2 9.5 9.7 9.8 9.6 8.8 8.4 8.7
EPS (Diluted) 2.57 2.55 2.65 2.24 2.08 2.10 2.14 2.06 2.03 1.69 2.02 2.20 2.27 2.37 2.08 1.81 1.66 1.52 1.57 1.57 1.44 1.15 1.12 0.70 1.00 1.29 1.17 1.03 1.12 1.18 1.17 1.18 1.28 0.58 0.91 0.81 1.16 0.76 0.76 0.71 0.74 0.63 0.65 0.68 0.69 0.65 0.64 0.58 0.54 0.55 0.53 0.52 0.50 0.49 0.48 0.47 0.45 0.46 0.41 0.39 0.37 0.38 0.27 0.21 0.13 2.36 -0.91 -1.83 -0.50 0.04 -0.56 -0.41 0.08 0.60 0.67 0.66 0.68 0.64 0.58 0.59 0.55 0.54 0.52 0.47 0.44 0.43 0.39 0.35 0.34 0.33 0.30 0.26 0.26 0.20 0.21 0.21 0.21 0.19 0.19 0.19
Balance Sheet
Cash & Equivalents 657.1 656.1 4,762.4 4,514.5 3,481.1 5,298.9 4,976.2 4,390.2 4,235.4 4,625.5 4,578.4 6,395.1 5,944.4 3,620.8 2,793.9 2,614.8 4,664.8 4,649.4 5,708.1 6,828.1 5,361.1 4,827.7 5,206.4 5,065.1 3,373.6 3,457.3 3,202.7 3,771.9 3,919.3 3,372.4 2,619.7 2,658.4 2,793.8 2,573.0 2,141.7 3,049.2 2,684.5 2,201.7 1,666.8 1,592.8 2,265.3 1,185.9 1,180.7 1,099.1 573.1 541.1 167.3 162.3 383.0 142.2 82.0 120.3 295.3 323.9 273.6 181.0 115.7 63.0 51.5 52.4 45.0 43.5 40.2 71 81 161.1
Total Assets 82,886.2 80,435.0 79,669.5 78,158.1 76,165.0 75,976.5 74,483.7 72,468.3 70,875.7 69,612.9 68,289.5 68,532.7 67,244.9 64,112.2 62,576.1 62,394.3 62,241.5 60,870.7 60,959.1 59,854.9 56,874.1 52,156.9 50,371.5 49,407.6 45,948.5 44,196.1 43,274.7 42,892.4 42,091.4 41,042.4 39,073.1 38,073.0 37,693.2 37,121.6 36,308.0 35,917.6 35,342.1 34,788.8 33,255.3 32,952.2 33,109.2 19,967.3 20,299.2 20,559.2 12,719.5 12,564.5 11,640.2 4,908.6 4,622.9 4,055.4 3,600.6 3,519.8 3,321.5 3,245.8 2,818.3 2,629.8 2,566.5 2,486.0 2,386.5 2,358.4 2,318.4 2,152.6 2,067.6 2,097.3 2,001.1 2,058.2
Total Debt 3,678.3 3,173.9 3,183.0 3,622.8 3,893.1 3,625.2 3,626.4 3,625.8 3,651.2 4,755.4 4,760.8 4,763.3 4,765.1 564.3 1,402.8 1,054.6 636.5 806.9 807.8 810.6 1,207.1 1,228.2 2,747.9 2,892.8 1,424.8 1,234.9 1,107.7 1,085 699.5 580.6 588.8 595.2 571.4 545.5 574.6 573.6 745.6 918.0 749.3 746.2 731.2 2,362.4 3,102.8 3,142.2 2,440.5 2,481.5 2,870.6 614.9 514.9 327.2 153.2 59.0 90.9 77.2 90.7 76.9 124.8 326.8 292.8 359.5 375.5 484.1 436.5 498 525.1 597.8
Stockholders' Equity 8,999.4 8,899.2 8,582.8 8,201.8 7,929.5 7,723.1 7,664.5 7,215.1 7,023.2 6,950.8 6,596.7 6,461.7 6,309.3 5,984.6 5,660.7 5,609.5 5,703.5 5,837.2 5,690.2 5,547.5 5,285.0 5,269.2 5,126.1 4,987.2 4,903.0 5,017.6 4,882.7 4,734.6 4,591.9 4,424.0 4,244.9 4,114.3 3,978.8 3,842.0 3,781.9 3,670.3 3,566.0 3,427.7 3,378.1 3,296.9 3,216.8 2,339.0 2,305.8 2,284.7 1,476.8 1,535.2 1,166.6 422.9 407.1 362.0 326.2 312.2 302.1 288.7 235.9 217.2 207.6 186.1 178.0 163.8 156.5 150.1 146.4 145.9 148.9 150.8
Cash Flow
Operating Cash Flow 428.6 713.4 231.7 278.7 277.9 500.1 386.1 259.2 266.2 561.7 381.9 256.9 222.9 449.6 687.4 643.2 285.9 422.6 342.0 61.1 342.7 262.7 161.2 179.2 91.7 346.8 99.0 150.8 139.2 189.9 258.4 217.0 217.9 31.9 284.7 195.0 185.3 224.3 146.3 87.8 183.6 55.3 15.5 33.0 (0.3) 24.9 19.4 5.0 23.7 25.7 30.9 (19.0) 26.7 (6.6) 16.6 23.4 8.7 (16.6) 25.5 1.9 12.4 4.7 12.4 8.3 14.2 7.7
Capital Expenditure (99.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.6) (0.4) (0.4) 0.9 (0.9) (1.4) (4.1) (1.1) (3.3) (4.4) (1.8) (5.9) (1.8) (2.2) (6.6) (3.8) (1.2) 0 (3.9) (4.2) (2.3) (1.9) (0.7) (1.1) (1.3) (1.0) (0.8) (1.7) (0.5) (0.5) (0.2) (0.5) (0.5) (0.3) (1.3) (1.3) (0.9) 3.7 (1.1) (1.7) (4.5) (0.3) (0.4) (0.6) (0.2) (0.5)
Free Cash Flow 329.6 713.4 231.7 278.7 277.9 500.1 386.1 259.2 266.2 561.7 381.9 256.9 222.9 448.9 687.4 643.2 285.9 422.6 342.0 61.1 342.7 262.3 161.2 180.1 90.8 345.5 94.9 149.7 135.9 185.5 256.6 211.2 216.1 29.8 278.1 191.2 184.1 222.5 142.4 83.5 181.3 53.4 14.7 31.9 (1.6) 23.8 18.7 3.2 23.2 25.3 30.7 (19.5) 26.2 (6.8) 15.3 22.0 7.9 (12.9) 24.5 0.2 7.8 4.4 12 7.7 14 7.2