First Solar, Inc. logo FSLR - First Solar, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 43
HOLD 23
SELL 7
STRONG
SELL
0
| PRICE TARGET: $251.82 DETAILS
HIGH: $326.00
LOW: $205.00
MEDIAN: $245.00
CONSENSUS: $251.82
DOWNSIDE: 2.34%
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
Revenue
Revenue 1,044.2 1,682.8 1,594.9 1,097.2 844.6 1,514.0 887.7 1,010.5 794.1 1,158.6 801.1 810.7 548.3 1,002.4 628.9 621.0 367.0 907.3 583.5 629.2 803.4 609.2 927.6 642.4 532.1 1,399.4 546.8 585.0 532.0 691.2 676.2 309.3 567.3 339.2 1,087.0 623.3 891.8 330.8 681.3 1,016.4 876.1 1,476.0 1,271.2 896.2 469.2 1,006.4 890.3 544.4 950.2 769.1 1,265.6 519.8 755.2 1,075.0 839.1 957.3 497.1 660.4 1,005.8 532.8 567.3 609.8 797.9 587.9 568.0 641.3 480.9 525.9 418.2 433.7 348.7 267.0 196.9 200.8 159.0 77.2 66.9 52.7 40.8 27.4 27.4 13.6 11.5 11.5 11.5 3.4 3.4 3.4 3.4
Cost of Revenue 558.8 1,017.4 984.1 597.3 486.8 946.4 442.4 511.6 448.1 656.5 424.9 500.3 436.2 941.8 608.0 644.2 355.6 660.8 458.9 455.1 618.6 449.4 634.5 505.0 441.8 1,065.8 408.4 507.8 531.9 592.9 547.1 317.4 394.5 277.1 795.2 512.4 807.6 322.9 510.4 834.4 598.5 1,031.0 786.9 731.7 430.2 700.3 700.9 451.6 713.4 577.9 901.6 379.7 585.9 781.5 600.4 713.6 420.3 522.2 626.6 338.0 307.6 313.1 476.0 303.7 285.9 375.1 235.9 227.8 182.9 199.7 153.3 122.3 92.6 89.8 77.0 48.9 36.9 27.1 24.5 0 0 0 0 0 0 0 0 0 0
Gross Profit 485.4 665.3 610.7 499.9 357.8 567.7 445.3 498.9 346.0 502.0 376.2 310.4 112.1 60.6 21.0 (23.2) 11.5 246.5 124.6 174.1 184.8 159.9 293.0 137.5 90.3 333.6 138.4 77.2 0.1 98.3 129.1 (8.1) 172.8 62.1 291.8 110.9 84.2 7.8 170.9 182.1 277.6 444.9 484.4 164.5 39.0 306.1 189.4 92.7 236.7 191.2 364.0 140.1 169.3 293.5 238.7 243.7 76.7 138.1 379.2 194.8 259.7 296.7 321.9 284.2 282.0 266.2 245.0 298.1 235.3 233.9 195.4 144.7 104.3 111.0 82.0 28.4 30.0 25.6 16.3 27.4 27.4 13.6 11.5 11.5 11.5 3.4 3.4 3.4 3.4
Operating Expenses
R&D Expenses 66.9 66.0 60.6 54.5 52.4 46.5 50.2 51.9 42.7 43.9 41.2 36.7 30.5 31.3 29.2 25.2 27.1 29.9 25.4 23.9 19.9 22.7 23.0 22.5 25.6 25.4 24.9 24.4 21.9 21.4 22.4 20.4 20.3 23.6 20.9 21.3 22.8 29.5 32.2 32.9 30.2 36.7 29.6 29.5 34.8 34.9 37.6 32.7 38.8 38.4 35.0 31.0 29.9 31.6 32.4 32.4 36.1 37.9 38.2 33.1 31.4 27.6 21.5 22.8 22.9 23.7 24.1 18.6 11.7 11.1 10.0 7.7 4.8 4.4 3.9 3.8 3.1 1.6 1.6 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 65.3 50.7 47.3 52.6 53.2 49.6 46.3 46.6 45.8 57.1 50.2 46.3 44.0 42.7 46.4 38.9 36.7 38.4 43.5 36.3 52.1 62.7 49.9 51.8 58.6 55.6 53.5 50.9 45.4 51.3 33.5 50.9 41.1 55.0 50.5 49.0 48.2 70.4 60.3 63.8 67.5 62.9 53.7 70.9 67.7 71.0 66.5 57.7 58.7 65.7 63.9 66.3 74.5 63.4 73.5 52.2 91.8 125.9 112.7 86.9 87 91.3 85.0 78.6 66.9 96.7 54.0 72.9 49.3 61.5 49.0 43.6 28.7 28.3 29.9 18.8 22.2 14.9 9.5 0 0 0 0 0 0 0 0 0 0
Other Expenses 0 0 0 0 0 14.8 26.8 27.9 14.3 3.3 11.8 58.8 19.5 32.5 13.8 (232.2) 5.4 5.0 4.8 3.5 (139.5) 16.7 13.0 12.3 4.5 370.4 18.6 10.4 9.5 14.6 14.7 24.4 37.1 18.6 13.4 26.7 21.2 729.2 5.1 85.6 0 0 3.2 7.0 6.7 3.2 1.4 0.5 0 24.9 57.3 3.8 3.7 26.5 25.8 19.5 405.1 459.6 5.5 10.3 11.9 12.2 3.8 2.3 1.1 1.1 4.1 2.5 6.2 0 6.3 4.6 12.8 0 0 0 0 2.3 0 0 0 52.9 0 0 0 30.3 0 0 0
Operating Expenses 132.3 116.6 107.9 107.1 105.6 110.9 123.3 126.4 102.9 104.2 103.2 141.9 94.0 106.5 89.3 (168.0) 69.3 73.3 73.7 63.7 (67.6) 102.1 85.9 86.6 88.7 451.4 97.1 85.8 76.8 87.3 70.7 95.6 98.5 97.1 84.8 97.0 92.2 829.0 97.6 182.3 97.7 99.6 86.5 107.3 109.1 109.2 105.5 90.8 97.4 129.0 156.1 101.0 108.1 121.5 131.7 104.1 533.0 623.4 156.4 130.3 130.3 131.1 110.3 103.7 90.9 121.5 82.2 94.1 67.2 72.6 65.3 56.0 46.2 32.7 33.7 22.6 25.2 18.9 11.2 0 0 52.9 0 0 0 30.3 0 0 0
Operating Income
Operating Income 353.1 548.7 502.8 392.8 252.2 456.8 322.0 372.5 243.1 397.8 273.0 168.5 18.0 (45.9) (68.4) 144.8 (57.8) 173.2 50.9 110.4 252.3 57.8 207.2 50.9 1.7 (117.9) 41.3 (8.6) (76.6) 11.0 58.5 (103.6) 74.3 (35.1) 207.0 13.9 (8.0) (821.2) 73.3 (0.2) 179.9 345.3 397.8 57.1 (70.1) 196.9 83.9 1.9 139.3 62.2 207.9 39.1 61.2 172.0 107.0 139.7 (456.3) (485.3) 222.7 64.5 129.4 165.7 211.6 180.5 191.1 144.7 162.8 204.0 168.1 161.3 130.2 88.7 58.1 78.3 48.3 5.8 4.8 6.7 5.1 27.4 27.4 (39.3) 11.5 11.5 11.5 (26.9) 3.4 3.4 3.4
Interest Expense 7.6 11.3 14.1 9.2 9.5 10.9 9.0 9.8 9.2 7.1 3.7 1.4 0.7 3.1 3.0 3.2 2.9 2.5 3.0 4.6 3.0 3.0 11.0 3.3 6.8 3.0 5.0 8.9 10.1 11.5 3.2 6.1 5.2 6.1 4.1 6.4 9.2 3.2 5.6 7.2 4.6 4.2 1.8 0.8 0.2 0.6 0.1 0.9 0.4 (0.0) 0.3 0.9 0.8 2.7 2.9 7.4 0.9 0.1 0 0 0 0 0 0.0 0 0.4 0.1 3.8 0.9 0 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 28.9 27.5 23.3 12.1 18.9 14.7 22.6 24.6 27.2 23.6 23.3 25.0 25.8 18.3 9.7 2.9 2.3 2.2 1.8 1.3 1.0 1.4 2.1 3.7 9.3 9.7 11.5 13.5 14.3 14.6 16.5 16.9 11.8 13.3 8.4 7.6 6.4 6.4 5.9 6.5 6.4 6.1 5.3 6.1 5.1 4.9 4.3 4.5 4.3 4.2 4.2 3.4 4.9 3.1 3.4 3.4 2.9 3.7 3.2 3.4 3.0 3.0 2.7 3.0 5.6 3.3 2.4 1.9 2.1 0 5.3 4.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 500.5 689.3 640.9 517.4 378.1 581.7 447.5 484.2 355.3 473.4 371.9 261.6 105.3 67.1 8.7 209.4 5.3 235.0 114.7 173.1 322.4 114.2 263.6 107.7 64.6 (31.6) 101.7 52.2 (9.8) 101.2 101.0 (58.3) 125.9 (0.7) 242.0 44.3 57.5 (632.8) 140.5 67.0 277.0 302.4 464.4 125.3 (3.3) 264.3 147.1 67.9 202.0 126.2 268.9 98.4 123.6 233.9 177.6 207.8 (382.4) (412.6) 285.0 128.0 181.3 216.5 248.1 219.1 234.4 189.6 199.7 235.2 196.8 183.5 150.0 106.7 80.0 85.1 54.8 11.8 9.9 11.4 5.1 27.4 27.4 (39.3) 11.5 11.5 11.5 (26.9) 3.4 3.4 3.4
EBIT 353.1 548.7 502.8 392.8 252.2 457.2 336.4 386.9 264.7 383.7 294.2 189.9 36.4 (3.4) (58.7) 142.8 (59.9) 169.7 49.0 107.4 259.2 54.6 204.2 50.1 8.4 (87.1) 50.6 2.2 (58.7) 59.7 66.6 (88.7) 101.5 (26.4) 213.4 16.3 24.5 (691.6) 83.3 10.3 218.6 238.5 399.7 59.4 (66.5) 201.6 87.3 5.3 141.2 64.9 209.0 41.9 66.9 173.3 113.7 142.7 (455.6) (481.3) 222.8 72.0 133.0 173.4 212.9 180.4 195.4 150.7 165.1 205.1 170.7 161.3 133.2 93.9 70.9 78.3 48.3 5.8 4.8 7.7 5.1 27.4 27.4 (39.3) 11.5 11.5 11.5 (26.9) 3.4 3.4 3.4
Income Before Tax 354.3 551.3 460.3 352.2 217.1 446.3 327.3 377.1 255.5 376.7 290.5 188.5 35.7 (6.6) (61.7) 139.6 (62.8) 167.2 46.0 102.8 256.2 49.3 193.1 47.1 1.5 (90.3) 45.7 (6.8) (69.0) 47.7 60.1 (54.7) 94.6 (33.7) 213.3 11.9 14.8 (694.7) 82.3 (4.1) 223.7 234.3 397.8 60.5 (66.9) 201.0 82.9 2.4 140.9 64.9 208.7 41.1 66.2 170.6 110.8 135.3 (456.5) (481.4) 222.8 72.0 133.0 173.4 212.9 180.4 195.4 150.3 165.0 201.3 169.7 171.6 133.1 93.9 65.2 86.1 53.6 7.9 8.3 13.1 4.5 (1.4) (1.4) (7.2) 0.2 0.2 0.2 (4.2) (4.2) (4.2) (4.2)
Income Tax Expense 7.7 30.5 4.4 10.3 7.5 53.2 14.4 27.8 18.9 27.4 22.1 17.9 (6.9) 1.0 (12.5) 83.8 (19.5) 35.8 0.8 20.3 46.5 (66.4) 38.1 10.2 (89.2) (30.9) 15.0 11.7 (1.4) (4.4) 2.4 (6.2) 11.6 398.8 7.6 (40.0) 5.7 56.1 (68.2) 7.3 28.0 23.2 48.5 (33.3) (6.0) 11.4 (6.9) (2.2) 28.9 1.9 13.7 7.5 7.0 16.4 22.8 24.4 (7.1) (68.3) 26.3 10.8 17.0 17.4 36.0 21.4 23.0 8.7 11.6 20.7 5.1 38.8 33.8 24.2 18.6 23.3 7.6 (36.6) 3.3 5.0 0.2 0 0 0 0 0 0 0 0 0 0
Net Income 346.6 520.9 455.9 341.9 209.5 393.1 313.0 349.4 236.6 349.2 268.4 170.6 42.6 (7.5) (49.2) 55.8 (43.3) 131.4 45.2 82.4 209.7 115.7 155.0 36.9 90.7 (59.4) 30.6 (18.5) (67.6) 52.1 57.8 (48.5) 83.0 (432.5) 205.7 52.0 9.1 (750.8) 150.5 (11.4) 195.6 211.1 349.3 93.9 (60.9) 189.6 89.8 4.5 112.0 62.9 195.0 33.6 59.1 154.2 87.9 111.0 (449.4) (413.1) 196.5 61.1 116.0 155.9 176.9 159.0 172.3 141.6 153.3 180.6 164.6 132.8 99.3 69.7 46.6 62.9 46.0 44.4 5.0 8.0 4.3 (1.4) (1.4) (7.2) 0.2 0.2 0.2 (4.2) (4.2) (4.2) (4.2)
Per Share Data
EPS (Basic) 3.23 4.85 4.25 3.19 1.96 3.67 2.92 3.26 2.21 3.27 2.51 1.60 0.40 -0.07 -0.46 0.52 -0.41 1.24 0.43 0.78 1.98 1.09 1.46 0.35 0.86 -0.56 0.29 -0.18 -0.64 0.50 0.55 -0.46 0.79 -4.14 1.97 0.50 0.09 -6.93 1.49 0.13 1.67 1.62 3.43 0.94 -0.62 1.91 0.88 0.05 1.12 0.66 1.98 0.38 0.68 1.77 1.01 1.28 -5.20 -4.80 2.28 0.71 1.36 1.84 2.08 1.87 2.04 1.70 1.82 2.16 2.01 1.66 1.23 0.87 0.59 0.84 0.61 0.61 0.07 0.14 -0.02 -0.03 -0.03 -0.15 0.00 0.00 0.00 -0.10 -0.10 -0.10 -0.10
EPS (Diluted) 3.22 4.84 4.24 3.18 1.95 3.65 2.91 3.25 2.20 3.25 2.50 1.59 0.40 -0.07 -0.46 0.52 -0.41 1.23 0.42 0.77 1.96 1.08 1.45 0.35 0.85 -0.56 0.29 -0.18 -0.64 0.49 0.54 -0.46 0.78 -4.14 1.95 0.50 0.09 -6.92 1.49 0.13 1.66 1.60 3.38 0.93 -0.62 1.89 0.87 0.04 1.10 0.64 1.94 0.37 0.66 1.74 1.00 1.27 -5.20 -4.80 2.25 0.70 1.33 1.80 2.04 1.84 2.00 1.67 1.79 2.11 1.99 1.62 1.20 0.85 0.57 0.81 0.58 0.58 0.07 0.14 -0.02 -0.03 -0.03 -0.15 0.00 0.00 0.00 -0.10 -0.10 -0.10 -0.10
Shares Outstanding 107.4 107.3 107.3 107.2 107.1 107.1 107.0 107.0 106.9 106.8 106.8 106.8 106.7 106.6 106.6 106.6 105.5 106.3 106.3 106.3 106.1 106.0 106.0 105.9 105.6 105.4 105.4 103.0 105.0 104.8 104.8 104.8 104.5 104.4 104.4 104.3 104.1 103.8 103.3 102.3 101.9 101.4 100.9 100.9 99.9 100.2 100.2 100.1 99.6 99.5 98.7 89.2 87.2 87.1 87.0 86.9 86.5 86.1 86.3 86.2 85.3 84.9 85.1 84.9 84.5 83.5 84.2 83.7 81.7 80.2 80.4 79.9 79.1 74.7 75.7 72.6 72.3 56.3 56.1 53.8 53.8 48.8 48.5 48.5 48.5 43.2 43.2 43.2 43.2
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
Current Assets
Cash & Cash Equivalents 2,363.0 2,803.5 1,992.2 1,124.7 837.6 1,621.4 1,005.1 1,702.9 1,682.1 1,947.0 1,493.0 829.9 906.6 1,481.3 1,151.0 1,701.2 1,326.4 1,450.7 1,367.5 1,346.9 972.9 1,227.0 1,277.1 1,052.7 929.4 1,352.7 879.0 1,221.6 1,013.4 1,403.6 1,434.9 2,024.5 1,858.3 2,268.5 2,019.1 1,509.5 1,656.2 1,347.2 1,414.2 916.7 1,086.3 510.5 420.9 664.5 429.2 624.9 117.2
Short-Term Investments 63.6 51.8 47.7 29.1 53.1 171.6 264.7 37.4 308.0 155.5 329.5 1,054.0 1,364.6 1,096.7 776.2 143.9 223.1 375.4 554.6 418.5 562.7 520.1 353.8 494.1 579.3 811.5 661.6 807.6 1,103.8 1,143.7 1,295.0 1,110.4 1,020.1 720.4 699.5 719.6 789.4 608.0 676.0 750.8 794.2 286.0 293.3 120.2 160.7 172.2 564.6
Net Receivables 1,374.0 1,294.0 2,252.7 2,325.8 1,963.4 1,808.7 904.1 789.9 961.7 1,407.6 808.9 719.7 324.5 329.6 360.6 489.9 322.1 454.7 273.3 597.6 817.1 294.3 310.5 355.3 440.7 712.3 584.0 459.0 708.6 612.8 611.8 337.7 454.6 419.0 808.2 637.9 249.3 509.5 638.3 611.5 502.2 361.7 295.1 226.9 351.3 184.8 54.0
Inventory 893.9 736.7 1,100.8 1,724.9 1,571.2 1,348.5 1,502.9 1,264.5 1,175.2 1,012.1 1,069.6 949.8 931.6 783.3 966.9 961.9 993.3 819.4 647.4 603.1 550.3 702.1 602.1 552.8 524.5 497.1 645.6 678.3 519.4 444.8 347.5 306.6 239.4 201.2 238.4 370.6 465.9 426.0 447.0 477.3 599.0 194.3 172.1 152.8 162.5 131.5 31.9
Other Current Assets 951.3 1,142.7 508.3 94.4 38.9 57.2 41.3 36.0 44.5 43.0 56.6 40.4 34.7 49.0 23.2 31.5 35.2 21.5 25.2 18.9 32.7 174.0 53.1 72.1 76.5 40.5 67.9 57.0 142.9 99.2 85.6 138.0 132.3 135.9 145.5 121.6 95.8 818.6 229.7 257.5 232.1 19.4 22.6 22.8 63.9 23.9 3.8
Total Current Assets 5,645.7 6,028.8 5,901.8 5,423.6 4,574.1 5,089.0 3,818.1 3,948.9 4,241.4 4,634.8 3,824.0 3,660.7 3,619.9 3,791.4 3,338.8 3,383.4 2,995.0 3,191.2 3,046.3 3,155.5 3,136.9 3,014.5 2,800.5 2,731.2 2,747.8 3,599.8 3,043.5 3,412.2 3,662.8 3,859.5 3,886.1 3,986.0 3,770.3 3,832.8 3,966.5 3,436.9 3,330.2 3,786.6 3,465.4 3,076.6 3,274.2 1,615.9 1,404.5 1,351.3 1,244.5 1,239.7 795.8
Non-Current Assets
Property, Plant & Equipment 5,666.2 5,675.8 5,759.8 5,860.7 5,777.1 5,557.2 5,473.8 5,238.8 5,014.8 4,498.8 4,154.4 4,109.9 3,949.9 3,630.1 3,375.9 3,247.0 3,197.3 3,074.4 2,974.9 2,847.6 2,855.1 2,872.3 2,867.5 3,027.0 2,875.6 2,803.8 2,768.3 2,477.5 2,333.1 2,064.9 1,981.6 1,800.7 1,666.8 1,571.6 1,394.6 1,246.6 1,143.8 1,077.7 1,753.6 1,679.0 1,380.6 1,094.9 1,030.2 988.8 911.9 867.7 317.6
Goodwill 30.6 31.1 30.7 30.6 29.7 28.3 29.6 28.8 28.7 29.7 28.5 28.6 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 78.9 78.9 85.0 286.5 286.5 286.5 295.0 33.8 0
Intangible Assets 64.9 51.0 51.3 52.0 52.6 54.7 56.6 59.3 61.9 64.5 66.4 70.4 28.5 31.1 36.6 38.7 42.8 45.5 47.9 50.7 53.4 56.1 58.5 61.2 63.9 64.5 66.8 69.1 71.6 74.2 74.6 77.1 79.6 80.2 81.8 83.8 85.9 88.0 72.4 68.2 107.0 0 0 0 0 0 0
Long-Term Investments 0 0 537.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.0 3.1 2.7 2.8 2.9 2.8 3.0 3.2 3.2 8.1 201.0 217.2 227.7 226.0 228.5 234.6 449.0 427.2 392.2 270.1 330.8 391.1 196.9 39.5 0
Other Non-Current Assets 1,736.2 1,339.9 994.6 1,286.5 1,478.7 1,186.3 1,820.6 1,536.6 1,244.0 994.6 1,376.0 1,001.2 815.5 705.5 663.0 674.0 1,087.9 1,028.9 1,076.7 1,072.8 942.3 1,047.4 1,030.9 1,030.8 1,031.0 899.4 1,092.6 1,084.8 1,093.6 1,027.5 1,026.0 1,045.5 1,043.7 1,096.7 1,093.3 1,409.7 1,550.1 1,366.6 1,921.3 1,862.3 1,978.9 206.2 271.4 201.3 159.3 45.8 18.7
Total Non-Current Assets 7,705.4 7,292.5 7,557.5 7,434.5 7,542.6 7,035.3 7,618.5 7,065.3 6,519.2 5,730.3 5,758.6 5,336.4 4,944.7 4,459.8 4,154.1 4,036.0 4,404.2 4,222.5 4,222.3 4,093.0 3,972.0 4,094.4 4,184.7 4,341.4 4,201.3 3,915.9 4,011.2 3,725.6 3,594.1 3,261.8 3,208.5 3,039.7 3,069.9 3,031.7 3,088.2 3,243.4 3,274.3 3,080.6 4,622.2 4,467.4 4,303.6 2,015.4 2,069.0 1,998.2 1,665.7 1,048.7 381.4
Total Assets 13,351.1 13,321.3 13,459.3 12,858.0 12,116.7 12,124.4 11,436.6 11,014.3 10,760.6 10,365.1 9,582.6 8,997.2 8,564.6 8,251.2 7,492.8 7,419.4 7,399.2 7,413.7 7,268.6 7,248.5 7,108.9 7,108.9 6,985.2 7,072.6 6,949.1 7,515.7 7,054.7 7,137.8 7,256.9 7,121.4 7,094.6 7,025.7 6,840.2 6,864.5 7,054.7 6,680.3 6,604.5 6,867.2 8,087.7 7,544.0 7,577.8 3,631.3 3,473.5 3,349.5 2,910.2 2,288.4 1,177.2
Current Liabilities
Account Payables 306.8 405.8 284.5 367.7 427.8 482.2 265.3 230.9 239.2 207.2 110.8 245.8 285.8 341.4 188.3 161.0 146.2 193.4 170.0 148.3 186.1 183.3 153.9 158.8 173.8 218.1 218.1 242.5 221.7 233.3 154.6 161.1 136.9 120.2 130.7 118.1 143.5 148.7 201.8 263.1 275.0 68.3 76.0 75.7 55.6 41.9 14.9
Short-Term Debt 188.6 216.0 484.8 644.5 197.2 236.4 208.3 140.2 200.9 96.2 35.4 0 0 0 5.4 5.2 4.7 3.9 37.1 3.2 2.5 41.5 40.4 77.0 81.8 17.5 28.2 28.3 12.4 5.6 2.6 7.7 6.1 13.1 13.5 13.6 11.5 28.0 626.0 71.6 94.1 24.5 26.4 28.6 76.6 33.0 33.6
Deferred Revenue 1,203.2 1,014.4 1,554.7 1,058.3 1,041.9 712 645.0 689.5 692.7 413.6 372.2 390.2 398.7 263.2 235.3 227.5 218.9 201.9 238.8 237.2 206.5 188.8 115.6 130.6 137.0 323.2 93.3 112.2 167.0 129.8 215.9 199.5 67.3 81.8 69.1 31.5 24.8 115.6 80.8 110.5 148.3 212.4 157.2 195.4 163.7 188.5 48.7
Other Current Liabilities 509.7 618.0 687.0 117.2 58.5 56.4 38.8 89.5 33.4 66.0 53.0 55.9 27.4 60.0 54.8 43.2 32.0 48.4 39.4 42.0 43.4 116.3 84.3 56.9 49.6 81.2 76.6 52.9 6.8 56.3 12.0 36.2 35.8 48.8 44.0 148.7 157.0 146.9 150.7 128.3 158.6 20.0 62.9 88.6 70.2 52.5 15.0
Total Current Liabilities 2,208.3 2,254.1 3,089.9 2,852.6 2,371.7 2,077.4 1,782.2 1,772.6 1,758.7 1,306.2 1,199.1 1,090.6 1,174.2 1,038.0 816.3 803.6 735.0 726.9 715.2 660.9 669.3 847.4 731.1 747.0 732.4 1,318.2 760.8 843.3 836.5 845.5 868.2 815.4 553.7 650.3 579.0 503.8 527.1 899.7 1,407.3 952.0 1,064.1 325.2 322.5 394.9 366.1 315.8 112.2
Non-Current Liabilities
Long-Term Debt 237.2 282.6 282.6 328.0 327.9 373.4 373.3 418.7 418.7 464.1 464.0 437.4 320.4 184.3 254.2 170.0 247.4 236.0 241.5 276.1 254.4 237.7 220.5 387.7 390.6 454.2 452.1 453.0 558.4 461.2 463.5 448.6 431.8 380.5 400.2 377.4 265.8 160.4 161.1 161.8 205.3 114.2 136.1 146.4 156.9 195.2 72.5
Deferred Tax Liabilities 0 0 56.3 56.5 55.2 54.7 52.9 44.0 41.3 42.8 47.6 43.8 32.5 28.9 24.8 23.1 30.1 27.7 14.3 14.6 14.7 23.7 0 0 0 6.5 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 1,027.0 1,246.6 227.7 231.7 223.4 217.7 215.0 212.3 212.6 219.3 185.7 192.3 180.7 178.5 175.6 201.0 220.2 221.8 225.2 246.3 241.0 245.3 406.7 457.1 462.7 456.1 476.1 529.1 549.9 554.3 544.3 592.1 632.7 671.8 499.5 507.7 583.8 594.4 573.4 625.5 569.5 179.7 168.1 155.4 102.2 9.7 11.7
Total Non-Current Liabilities 1,264.2 1,529.2 1,354.1 1,459.3 1,557.6 2,069.3 2,060.8 1,986.2 2,099.4 2,371.5 2,081.2 1,866.9 1,521.7 1,377.1 848.2 720.0 789.1 727.3 723.3 803.9 744.8 740.6 858.0 1,098.8 1,048.1 1,100.7 1,111.4 1,159.4 1,291.2 1,063.5 1,055.4 1,099.5 1,127.1 1,115.5 963.3 885.1 849.6 754.8 734.6 787.3 774.7 293.9 304.2 301.8 259.2 266.9 84.1
Total Liabilities 3,472.5 3,783.3 4,444.0 4,311.9 3,929.3 4,146.8 3,843.0 3,758.9 3,858.1 3,677.7 3,280.3 2,957.5 2,695.9 2,415.2 1,664.5 1,523.5 1,524.0 1,454.2 1,438.6 1,464.8 1,414.1 1,588.0 1,589.1 1,845.8 1,780.5 2,418.9 1,872.2 2,002.7 2,127.8 1,909.0 1,923.6 1,914.9 1,680.8 1,765.8 1,542.3 1,389.0 1,376.7 1,654.5 2,141.9 1,739.4 1,838.8 619.1 626.7 696.7 625.3 582.8 196.3
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Retained Earnings 0 0 6,270.5 5,814.5 5,472.6 5,263.1 4,870.0 4,557.0 4,207.7 3,971.1 3,621.8 3,353.4 3,182.8 3,140.3 3,147.8 3,197.0 3,141.2 3,184.5 3,053.1 3,007.9 2,925.4 2,715.8 2,600.1 2,445.0 2,408.1 2,326.6 2,386.0 2,355.4 2,374.0 2,441.6 2,389.4 2,331.7 2,380.2 2,297.2 2,729.7 2,523.9 2,472.0 2,462.8 3,128.2 2,974.1 2,960.7 1,332.8 1,173.7 1,001.4 706.4 525.8 (50.0)
Accumulated Other Comprehensive Income (168.2) (155.5) (154.9) (160.9) (171.1) (184.1) (168.9) (188.3) (183.6) (174.1) (199.0) (186.1) (180.0) (191.8) (199.8) (170.2) (129.4) (96.4) (88.7) (83.5) (84.7) (61.7) (59.7) (67.3) (83.7) (79.3) (39.5) (46.9) (59.0) (54.5) (35.2) (30.2) (18.6) 2.3 (5.9) (12.0) (12.2) (9.9) 49.9 56.6 27.1 (16.8) (4.3) (9.6) (45.1) (14.6) 3.9
Total Stockholders' Equity 9,878.6 9,538.0 9,015.3 8,546.1 8,187.3 7,977.6 7,593.6 7,255.4 6,902.5 6,687.5 6,302.4 6,039.6 5,868.7 5,836.1 5,828.3 5,895.8 5,875.2 5,959.6 5,830.1 5,783.6 5,694.8 5,520.9 5,396.1 5,226.8 5,168.6 5,096.8 5,182.5 5,135.1 5,129.2 5,212.4 5,171.0 5,110.8 5,159.4 5,098.7 5,512.4 5,291.3 5,227.8 5,212.7 5,945.8 5,804.6 5,738.9 3,012.2 2,846.9 2,652.8 2,284.9 1,705.7 980.8
Total Liabilities & Equity 13,351.1 13,321.3 13,459.3 12,858.0 12,116.7 12,124.4 11,436.6 11,014.3 10,760.6 10,365.1 9,582.6 8,997.2 8,564.6 8,251.2 7,492.8 7,419.4 7,399.2 7,413.7 7,268.6 7,248.5 7,108.9 7,108.9 6,985.2 7,072.6 6,949.1 7,515.7 7,054.7 7,137.8 7,256.9 7,121.4 7,094.6 7,025.7 6,840.2 6,864.5 7,054.7 6,680.3 6,604.5 6,867.2 8,087.7 7,544.0 7,577.8 3,631.3 3,473.5 3,349.5 2,910.2 2,288.4 1,177.2
Debt Metrics
Total Debt 425.8 498.6 891.9 1,067.1 630.4 718.8 694.1 621.9 681.5 624.4 543.3 483.3 368.2 234.1 313.2 232.4 401.4 398.6 465.8 468.3 453.6 482.3 460.3 676.1 609.5 595.3 633.8 624.6 716.0 466.8 466.1 456.3 437.9 436.9 413.6 391.0 347.3 215.0 787.2 233.4 299.3 138.6 162.5 175.0 233.6 228.2 106.1
Net Debt (1,937.2) (2,304.9) (1,100.3) (57.7) (207.2) (902.6) (311.0) (1,081.0) (1,000.6) (1,322.6) (949.6) (346.6) (538.4) (1,247.1) (837.8) (1,468.9) (924.9) (1,052.1) (901.7) (878.6) (519.3) (744.7) (816.8) (376.6) (319.9) (757.4) (245.2) (597.0) (297.4) (936.8) (968.8) (1,568.2) (1,420.5) (1,831.6) (1,605.5) (1,118.5) (1,309.0) (1,132.2) (627.1) (683.2) (786.9) (371.8) (258.4) (489.5) (195.6) (396.8) (11.1)
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
Operating Activities
Net Income 346.6 520.9 455.9 341.9 209.5 393.1 313.0 349.4 236.6 349.2 268.4 170.6 42.6 (7.5) (49.2) 55.8 (43.3) 131.4 45.2 82.4 209.7 115.7 155.0 36.9 90.7 (59.4) 30.6 (18.5) (67.6) 52.1 57.8 (48.5) 83.0 (432.5) 205.7 52.0 9.1 (696.1) 154.1 13.4 170.6
Depreciation & Amortization 147.4 140.6 138.1 124.6 125.9 124.4 111.2 97.3 90.6 89.7 77.7 71.7 68.9 70.5 67.4 66.6 65.2 65.3 65.7 65.7 63.2 59.6 59.4 57.6 56.3 55.5 51.2 49.9 48.9 41.5 34.4 30.3 24.4 25.8 28.6 28.0 33.0 58.7 57.1 56.7 58.4
Stock-Based Compensation 6.8 2.5 7.3 6.8 2.6 6.1 6.8 8.4 6.8 11.0 8.2 8.4 6.6 7.5 11.9 5.8 3.5 5.9 6.4 5.4 3.1 11.1 7.2 3.8 7.2 12.0 9.6 10.8 5.0 7.4 7.6 10.6 8.7 9.6 10.1 8.4 7.1 4.2 5.9 7.1 11.5
Change in Working Capital (533.0) 833.8 630.6 (323.4) (959.4) 246.7 (459.3) (235.2) (35.3) 109.2 (194.5) (344.8) (96.7) 902.1 110.4 151.8 (165.6) (159.2) 184.9 24.8 (387.3) (128.3) 110.5 36.9 (581.5) 870.6 (427.8) 59.2 (276.7) (177.1) (269.8) 204.0 (83.4) 637.6 351.4 (243.9) 421.0 150.2 (294.3) (208.1) (129.4)
Other Non-Cash Items (166.9) (255.0) 21.0 (1.5) 8.6 10.1 1.6 2.5 (1.9) 16.7 9.0 (8.3) (0.7) (169.2) (12.5) (185.2) 0.3 (72.3) 4.2 (0.4) (156.7) 14.2 (118.9) 4.9 2.9 (25.4) 8.6 (88.9) (13.5) (155.0) (49.1) (23.1) (72.3) (18.4) 2.1 14.2 18.5 661.0 3.5 56.9 (58.7)
Operating Cash Flow (214.9) 1,241.9 1,273.6 149.6 (608.0) 811.0 (53.7) 193.0 267.7 561.1 165.4 (89.7) (34.6) 795.2 129.0 88.0 (138.8) 34.5 305.3 177.2 (279.5) 186.3 207.9 147.8 (504.9) 781.7 (317.6) 13.6 (303.4) (185.5) (225.2) 129.1 (45.3) 434.0 581.4 (167.8) 493.1 307.3 (75.8) (75.3) 50.5
Investing Activities
Capital Expenditure (118.5) (171.7) (204.0) (288.1) (206.0) (313.5) (433.9) (365.2) (413.5) (346.9) (286.2) (382.7) (371.0) (326.9) (223.3) (198.7) (154.8) (194.9) (164.6) (90.6) (90.2) (89.4) (106.3) (108.4) (112.5) (158.1) (182.7) (178.7) (149.2) (129.2) (238.0) (194.9) (177.7) (199.2) (97.6) (104.5) (113.0) (53.6) (45.7) (78.4) (51.8)
Acquisitions 0 0 0 0 0 0 0 0 0 7.7 (0.2) (35.5) 274.3 78.4 99.3 262.8 1.9 (300.5) 3.1 151.4 146.0 0 0 0 0 0 0 0 0 (247.6) 0 240.0 7.6 0.7 0 0 0 (4.9) 0 5.4 (5.4)
Purchases of Investments (459.8) (232.8) (376.8) (541.0) (389.8) (501.3) (900.9) (544.4) (569.4) (392.3) (728.0) (1,021.9) (1,470.6) (1,096.9) (1,306.9) (221.0) (750.2) (1,039.4) (718.4) (97.0) (292.3) (258.9) (101.7) (135.5) (405.8) (509.3) (287.2) (120.2) (260.7) (266.6) (340.8) (395.2) (366.4) (102.6) (114.0) (5.0) (359.3) (0.0) (122.9) (30.8) (269.0)
Sales/Maturities of Investments 444.8 228.6 357.2 564.8 502.9 593.9 673.8 807.2 417.0 567.5 1,458.4 1,341.7 1,196.3 775.8 672.7 298.1 900.2 1,218.8 326.3 241.2 508.3 92.7 243.0 228.2 628.9 365.7 433.0 417.9 270.1 508.9 155.7 304.3 167.1 80 133.5 75.1 177.7 77.2 194.9 74.1 179.3
Other Investing Activities (15) (11.3) (4.0) 2.4 4.7 (0.4) (4.9) (5) (2.7) (9.0) 0 0 (274.3) (0.5) (2.6) 0.1 0.0 300.2 0.2 (6.7) 0.0 8.1 0.0 0.5 (14.2) (5.9) 0.1 2.9 0.0 247.5 0.2 47.6 (5.2) (1.7) 0.7 1.1 1.4 245.4 3.2 (8.9) 36.2
Investing Cash Flow (148.5) (187.2) (227.7) (262.0) (88.2) (221.4) (665.9) (107.3) (568.6) (173.2) 444.0 (98.4) (645.2) (570.1) (760.8) 141.2 (2.9) (15.8) (553.4) 198.2 271.8 (247.5) 35.0 (15.2) 96.4 (307.7) (36.7) 121.9 (139.8) 113.0 (422.9) 1.9 (374.7) (222.8) (77.5) (33.3) (293.2) 264.1 29.5 (38.5) (110.6)
Financing Activities
Net Debt Issuance (71.7) (243.3) (222.3) 446.8 (84.1) 30.8 22.8 (60.6) 59.6 60.8 60.4 110.8 136 100.0 84.3 119.9 17.3 49.9 (0.1) 22.5 (15.8) 15.7 (75.2) (8.8) (0.3) (6.8) 0 (7.0) 103.8 116.3 73.6 28.0 54.0 55.3 20.3 42.2 115.6 (598.6) 552.3 (69.1) (0.4)
Stock Repurchased (0.2) (0.0) (0.0) (0.0) (15.4) (0.0) (1.0) (0.2) (19.0) (0.0) (0.9) (1.9) (28.3) (0.0) (0.5) (0.1) (11.5) (0.1) (0.1) (0.1) (15.7) (0.1) (0.3) (0.1) (12.7) (0.0) (0.3) (0.1) (15.7) (0.7) (0.3) (0.1) (10.1) (0.0) (0.9) (0.1) (4.2) (0.0) (1.5) (1.5) (17.4)
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
Other Financing Activities (0.4) (0.3) (0.3) (0.1) (0.1) (0.0) (0.0) (7.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.4) (0.4) 0 1.4 (0.1) (0.3) (3.6) (0.1) (0.1) (1.7) (14.8) (4.7) (7.3) (9.3) (38.6) (0.0) 15.9 31.0
Financing Cash Flow (72.2) (243.7) (222.6) 446.6 (99.6) 30.7 21.8 (68.4) 40.7 60.7 59.5 108.9 107.7 99.9 83.8 119.9 5.8 49.8 (0.1) 22.4 (31.5) 15.6 (75.5) (9.2) (13.4) (6.8) 1.0 (7.1) 87.8 112.0 73.2 27.8 42.2 40.4 14.7 34.8 102.2 (637.2) 542.3 (54.7) 13.2
Cash Position
Net Change in Cash (437.7) 812.1 821.9 336.1 (794.2) 616.8 (697.8) 13.7 (262.1) 454.8 665.6 (78.2) (570.6) 332.7 (548.1) 373.9 (120.9) 70.0 (247.4) 399.4 (39.7) (43.1) 168.9 128.9 (427.6) 471.0 (358.1) 126.9 (356.0) 38.5 (574.3) 150.8 (382.9) 251 524.9 (155.9) 294.8 1.5 497.6 (169.6) (40.5)
Cash at Beginning 2,814.0 2,002.0 1,180.1 844.0 1,638.2 1,021.5 1,711.2 1,690.3 1,955.3 1,510.2 844.6 922.8 1,493.5 1,160.8 1,708.9 1,335.0 1,455.8 1,385.9 1,633.3 1,233.9 1,273.6 1,316.7 1,147.8 1,018.9 1,446.5 975.5 1,333.6 1,206.6 1,562.6 1,524.2 2,098.4 1,947.6 2,330.5 2,079.5 1,554.6 1,710.5 1,415.7 1,414.2 916.7 1,086.3 1,126.8
Cash at End 2,376.4 2,814.0 2,002.0 1,180.1 844.0 1,638.2 1,013.4 1,711.2 1,690.3 1,965.1 1,510.2 844.6 922.8 1,493.5 1,160.8 1,708.9 1,335.0 1,455.8 1,385.9 1,633.3 1,233.9 1,273.6 1,316.7 1,147.8 1,018.9 1,446.5 975.5 1,333.6 1,206.6 1,562.6 1,524.2 2,098.4 1,947.6 2,330.5 2,079.5 1,554.6 1,710.5 1,415.7 1,414.2 916.7 1,086.3
Free Cash Flow (333.4) 1,070.2 1,069.6 (138.6) (813.9) 497.5 (487.7) (172.1) (145.7) 214.2 (120.8) (472.4) (405.6) 468.3 (94.3) (110.7) (293.6) (160.4) 140.7 86.6 (369.6) 97.0 101.6 39.4 (617.4) 623.5 (500.4) (165.1) (452.6) (314.7) (463.2) (65.8) (223.0) 234.7 483.8 (272.3) 380.2 253.7 (121.5) (153.7) (1.3)
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 2004 Q4 2004 Q3 2004 Q2 2004 Q1
Income Statement
Revenue 1,044.2 1,682.8 1,594.9 1,097.2 844.6 1,514.0 887.7 1,010.5 794.1 1,158.6 801.1 810.7 548.3 1,002.4 628.9 621.0 367.0 907.3 583.5 629.2 803.4 609.2 927.6 642.4 532.1 1,399.4 546.8 585.0 532.0 691.2 676.2 309.3 567.3 339.2 1,087.0 623.3 891.8 330.8 681.3 1,016.4 876.1 1,476.0 1,271.2 896.2 469.2 1,006.4 890.3 544.4 950.2 769.1 1,265.6 519.8 755.2 1,075.0 839.1 957.3 497.1 660.4 1,005.8 532.8 567.3 609.8 797.9 587.9 568.0 641.3 480.9 525.9 418.2 433.7 348.7 267.0 196.9 200.8 159.0 77.2 66.9 52.7 40.8 27.4 27.4 13.6 11.5 11.5 11.5 3.4 3.4 3.4 3.4
Gross Profit 485.4 665.3 610.7 499.9 357.8 567.7 445.3 498.9 346.0 502.0 376.2 310.4 112.1 60.6 21.0 (23.2) 11.5 246.5 124.6 174.1 184.8 159.9 293.0 137.5 90.3 333.6 138.4 77.2 0.1 98.3 129.1 (8.1) 172.8 62.1 291.8 110.9 84.2 7.8 170.9 182.1 277.6 444.9 484.4 164.5 39.0 306.1 189.4 92.7 236.7 191.2 364.0 140.1 169.3 293.5 238.7 243.7 76.7 138.1 379.2 194.8 259.7 296.7 321.9 284.2 282.0 266.2 245.0 298.1 235.3 233.9 195.4 144.7 104.3 111.0 82.0 28.4 30.0 25.6 16.3 27.4 27.4 13.6 11.5 11.5 11.5 3.4 3.4 3.4 3.4
Operating Income 353.1 548.7 502.8 392.8 252.2 456.8 322.0 372.5 243.1 397.8 273.0 168.5 18.0 (45.9) (68.4) 144.8 (57.8) 173.2 50.9 110.4 252.3 57.8 207.2 50.9 1.7 (117.9) 41.3 (8.6) (76.6) 11.0 58.5 (103.6) 74.3 (35.1) 207.0 13.9 (8.0) (821.2) 73.3 (0.2) 179.9 345.3 397.8 57.1 (70.1) 196.9 83.9 1.9 139.3 62.2 207.9 39.1 61.2 172.0 107.0 139.7 (456.3) (485.3) 222.7 64.5 129.4 165.7 211.6 180.5 191.1 144.7 162.8 204.0 168.1 161.3 130.2 88.7 58.1 78.3 48.3 5.8 4.8 6.7 5.1 27.4 27.4 (39.3) 11.5 11.5 11.5 (26.9) 3.4 3.4 3.4
Net Income 346.6 520.9 455.9 341.9 209.5 393.1 313.0 349.4 236.6 349.2 268.4 170.6 42.6 (7.5) (49.2) 55.8 (43.3) 131.4 45.2 82.4 209.7 115.7 155.0 36.9 90.7 (59.4) 30.6 (18.5) (67.6) 52.1 57.8 (48.5) 83.0 (432.5) 205.7 52.0 9.1 (750.8) 150.5 (11.4) 195.6 211.1 349.3 93.9 (60.9) 189.6 89.8 4.5 112.0 62.9 195.0 33.6 59.1 154.2 87.9 111.0 (449.4) (413.1) 196.5 61.1 116.0 155.9 176.9 159.0 172.3 141.6 153.3 180.6 164.6 132.8 99.3 69.7 46.6 62.9 46.0 44.4 5.0 8.0 4.3 (1.4) (1.4) (7.2) 0.2 0.2 0.2 (4.2) (4.2) (4.2) (4.2)
EPS (Diluted) 3.22 4.84 4.24 3.18 1.95 3.65 2.91 3.25 2.20 3.25 2.50 1.59 0.40 -0.07 -0.46 0.52 -0.41 1.23 0.42 0.77 1.96 1.08 1.45 0.35 0.85 -0.56 0.29 -0.18 -0.64 0.49 0.54 -0.46 0.78 -4.14 1.95 0.50 0.09 -6.92 1.49 0.13 1.66 1.60 3.38 0.93 -0.62 1.89 0.87 0.04 1.10 0.64 1.94 0.37 0.66 1.74 1.00 1.27 -5.20 -4.80 2.25 0.70 1.33 1.80 2.04 1.84 2.00 1.67 1.79 2.11 1.99 1.62 1.20 0.85 0.57 0.81 0.58 0.58 0.07 0.14 -0.02 -0.03 -0.03 -0.15 0.00 0.00 0.00 -0.10 -0.10 -0.10 -0.10
Balance Sheet
Cash & Equivalents 2,363.0 2,803.5 1,992.2 1,124.7 837.6 1,621.4 1,005.1 1,702.9 1,682.1 1,947.0 1,493.0 829.9 906.6 1,481.3 1,151.0 1,701.2 1,326.4 1,450.7 1,367.5 1,346.9 972.9 1,227.0 1,277.1 1,052.7 929.4 1,352.7 879.0 1,221.6 1,013.4 1,403.6 1,434.9 2,024.5 1,858.3 2,268.5 2,019.1 1,509.5 1,656.2 1,347.2 1,414.2 916.7 1,086.3 510.5 420.9 664.5 429.2 624.9 117.2
Total Assets 13,351.1 13,321.3 13,459.3 12,858.0 12,116.7 12,124.4 11,436.6 11,014.3 10,760.6 10,365.1 9,582.6 8,997.2 8,564.6 8,251.2 7,492.8 7,419.4 7,399.2 7,413.7 7,268.6 7,248.5 7,108.9 7,108.9 6,985.2 7,072.6 6,949.1 7,515.7 7,054.7 7,137.8 7,256.9 7,121.4 7,094.6 7,025.7 6,840.2 6,864.5 7,054.7 6,680.3 6,604.5 6,867.2 8,087.7 7,544.0 7,577.8 3,631.3 3,473.5 3,349.5 2,910.2 2,288.4 1,177.2
Total Debt 425.8 498.6 891.9 1,067.1 630.4 718.8 694.1 621.9 681.5 624.4 543.3 483.3 368.2 234.1 313.2 232.4 401.4 398.6 465.8 468.3 453.6 482.3 460.3 676.1 609.5 595.3 633.8 624.6 716.0 466.8 466.1 456.3 437.9 436.9 413.6 391.0 347.3 215.0 787.2 233.4 299.3 138.6 162.5 175.0 233.6 228.2 106.1
Stockholders' Equity 9,878.6 9,538.0 9,015.3 8,546.1 8,187.3 7,977.6 7,593.6 7,255.4 6,902.5 6,687.5 6,302.4 6,039.6 5,868.7 5,836.1 5,828.3 5,895.8 5,875.2 5,959.6 5,830.1 5,783.6 5,694.8 5,520.9 5,396.1 5,226.8 5,168.6 5,096.8 5,182.5 5,135.1 5,129.2 5,212.4 5,171.0 5,110.8 5,159.4 5,098.7 5,512.4 5,291.3 5,227.8 5,212.7 5,945.8 5,804.6 5,738.9 3,012.2 2,846.9 2,652.8 2,284.9 1,705.7 980.8
Cash Flow
Operating Cash Flow (214.9) 1,241.9 1,273.6 149.6 (608.0) 811.0 (53.7) 193.0 267.7 561.1 165.4 (89.7) (34.6) 795.2 129.0 88.0 (138.8) 34.5 305.3 177.2 (279.5) 186.3 207.9 147.8 (504.9) 781.7 (317.6) 13.6 (303.4) (185.5) (225.2) 129.1 (45.3) 434.0 581.4 (167.8) 493.1 307.3 (75.8) (75.3) 50.5
Capital Expenditure (118.5) (171.7) (204.0) (288.1) (206.0) (313.5) (433.9) (365.2) (413.5) (346.9) (286.2) (382.7) (371.0) (326.9) (223.3) (198.7) (154.8) (194.9) (164.6) (90.6) (90.2) (89.4) (106.3) (108.4) (112.5) (158.1) (182.7) (178.7) (149.2) (129.2) (238.0) (194.9) (177.7) (199.2) (97.6) (104.5) (113.0) (53.6) (45.7) (78.4) (51.8)
Free Cash Flow (333.4) 1,070.2 1,069.6 (138.6) (813.9) 497.5 (487.7) (172.1) (145.7) 214.2 (120.8) (472.4) (405.6) 468.3 (94.3) (110.7) (293.6) (160.4) 140.7 86.6 (369.6) 97.0 101.6 39.4 (617.4) 623.5 (500.4) (165.1) (452.6) (314.7) (463.2) (65.8) (223.0) 234.7 483.8 (272.3) 380.2 253.7 (121.5) (153.7) (1.3)