Fortive Corporation logo FTV - Fortive Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 11
HOLD 17
SELL 2
STRONG
SELL
0
| PRICE TARGET: $62.43 DETAILS
HIGH: $70.00
LOW: $51.00
MEDIAN: $63.00
CONSENSUS: $62.43
UPSIDE: 5.58%
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
Revenue
Revenue 1,069.4 1,122.5 1,027.1 1,518.8 1,474.2 1,620.3 1,534.6 1,552.4 1,524.5 1,583.7 1,494.5 1,526.4 1,460.7 1,529.9 1,456 1,463.3 1,376.5 1,374.8 1,301 1,319.7 1,259.2 1,324.9 1,159.8 1,041.6 1,108.1 2,002.4 1,860 1,864.7 1,592.9 1,757.5 1,601.2 1,601.8 1,492.2 1,577.9 1,685.3 1,628.8 1,535.2 1,627.1 1,567.4 1,555.1 1,474.7 1,561.4 1,524.6 1,564.9 1,513.5 1,687.4
Cost of Revenue 393.9 413.6 377.9 623.1 593.3 643.1 613.3 624.1 620.3 636.2 601.5 621 612.5 637.4 610.6 629.8 584.5 580.8 555.3 564.2 547.3 562.8 508.2 458.8 496.1 966.5 932.3 960.7 780.2 859.2 775.3 771 725.9 764.3 845.9 823.7 791.2 830.5 794.5 787 779.5 823.2 777.4 800.1 782.8 882
Gross Profit 675.5 708.9 649.2 895.7 880.9 977.2 921.3 928.3 904.2 947.5 893 905.4 848.2 892.5 845.4 833.5 792 794 745.7 755.5 711.9 762.1 651.6 582.8 612 1,035.9 927.7 904 812.7 898.3 825.9 830.8 766.3 813.6 839.4 805.1 744 796.6 772.9 768.1 695.2 738.2 747.2 764.8 730.7 805.4
Operating Expenses
R&D Expenses 66.5 66 62 109.2 105.1 107.1 101.7 101.1 104.1 99.2 98.4 100.1 100.1 101.2 101.1 100.1 99.1 93 87.8 87.8 86.2 83.4 79.2 77.4 80.8 111.2 119.1 117.4 109 108.8 103.7 101.9 99.9 99.6 102 99.1 96.2 99.2 95.2 96.7 93.7 91 95.7 95.9 95.1 97.1
SG&A Expenses 417.3 417.4 427.6 523.3 515.2 559.1 522.2 525.4 561 537.4 503.5 514 490.1 499.8 491.3 484.9 480.6 499.4 455.6 456.4 428.1 472.8 434.8 402.8 415.8 601.5 545.5 509.2 460.4 495 440.6 404.5 388.5 409 381.5 357.7 352.9 359.7 354.5 349.3 338.5 309.1 349.7 333.2 341.5 389.3
Other 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
Operating Expenses 483.8 483.4 489.6 632.5 620.3 666.2 623.9 626.5 665.1 636.6 601.9 614.1 590.2 601 592.4 585 579.7 592.4 543.4 544.2 514.3 556.2 514 480.2 496.6 712.7 664.6 626.6 569.4 603.8 544.3 506.4 488.4 508.6 483.5 456.8 449.1 458.9 449.7 446 432.2 400.1 445.4 429.1 436.6 486.4
Operating Income
Operating Income 191.7 225.5 159.6 263.2 260.6 311 297.4 301.8 239.1 310.9 291.1 291.3 258 291.5 253 248.5 212.3 201.6 202.3 211.3 197.6 205.9 137.6 102.6 115.4 323.2 263.1 277.4 243.3 294.5 281.6 324.4 277.9 305 355.9 348.3 294.9 337.7 323.2 322.1 263 338.1 301.8 335.7 294.1 319
Interest Expense 31.6 31 25.4 32.1 32 33.1 37 38.7 44 28.5 29.8 33.1 32.1 32.1 26.4 21 18.8 25.2 25.1 25.2 27.7 36.8 36.9 36.2 38.6 47.5 47 44.4 25.3 26.7 23.1 23.9 23.3 24.7 22.9 22.7 22.6 22.9 23.4 2.7 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 305.3 224.9 214 361.6 368.3 442.6 405 403.9 414.8 421.7 401.7 397 350.7 405.7 358.9 345.4 327.4 304.9 299.5 328.4 243.4 1,332.3 231.3 207.7 209.3 407.3 398.9 359.1 299.6 370.1 343.2 377.5 333.1 355.9 411.1 385.4 331.6 380.2 368.3 367 306.9 382.8 345.4 380.6 337.8 361.2
EBIT 191.7 224.9 160.4 224.1 233.4 307.8 269.2 267.4 278 306 286.9 283.5 237.9 289.1 243.9 229.2 209.6 200.9 200.7 232.7 146.4 1,300.9 136.2 108.2 110.9 290.2 282.1 248.7 217.7 294.1 280.8 323.3 277.2 311.3 371.2 348.3 294.9 337.7 323.2 322.1 263 338.1 301.8 335.7 294.1 319
Income Before Tax 163.6 193.9 135 192 201.4 274.7 232.2 228.7 234 277.5 257.1 250.4 205.8 257 217.5 208.2 190.8 175.7 175.6 207.5 118.7 1,264.1 99.3 72 72.3 242.7 235.1 204.3 192.4 267.4 257.7 299.4 253.9 286.6 348.3 325.6 272.3 314.8 299.8 319.4 263 338.1 301.8 335.7 294.1 319
Income Tax Expense 27.2 2.4 18 25.4 29.5 65.9 10.6 33.6 26.6 12.3 39.1 41.4 32.2 29.8 27.6 35.2 25.7 7.8 23 25.5 7 12.5 13.3 12.2 17.5 63.9 27.8 29 28.4 27.3 43.7 49.2 39.9 (11.1) 80.5 85.5 72.6 90.3 72.9 80.5 81 102 105.2 108.3 90.4 90.1
Net Income 136.4 185.7 55 166.6 171.9 208.8 221.6 195.1 207.4 265.2 218 209 173.6 227.2 189.9 173 165.1 165 152.3 180.9 110.2 1,215.6 225.8 130 41.9 192.8 207.1 174.6 164.4 2,112.3 245.3 295 261.2 336.9 267.8 240.1 199.7 224.5 226.9 238.9 182 236.1 196.6 227.4 203.7 228.9
Per Share Data
EPS (Basic) 0.44 0.59 0.17 0.49 0.50 0.61 0.63 0.56 0.59 0.75 0.62 0.59 0.49 0.64 0.53 0.48 0.46 0.46 0.42 0.48 0.27 3.55 0.61 0.33 0.07 0.52 0.56 0.47 0.44 6.26 0.65 0.84 0.75 0.97 0.77 0.69 0.58 0.65 0.66 0.69 0.53 0.69 0.57 0.66 0.59 0.66
EPS (Diluted) 0.44 0.58 0.17 0.49 0.50 0.60 0.63 0.55 0.58 0.75 0.61 0.59 0.49 0.64 0.53 0.48 0.45 0.45 0.42 0.48 0.27 3.37 0.61 0.33 0.07 0.52 0.56 0.47 0.43 6.17 0.64 0.83 0.74 0.95 0.76 0.68 0.57 0.64 0.65 0.69 0.53 0.69 0.57 0.66 0.59 0.66
Shares Outstanding 309.6 316.4 330.8 339.6 341.1 344.5 349.2 351.3 351.7 351.3 352.1 353 354.3 353.8 355.2 357.4 359.3 359.3 358.9 339.4 338.6 338 337.6 337.3 336.8 336.4 336.1 335.6 335.1 334.6 349.9 349.2 348.6 348.1 347.7 347.2 347 346.2 346 345.2 345.2 344 345.2 345.2 345.2 345.2
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
Current Assets
Cash & Cash Equivalents 356.1 375.5 430.8 1,832.7 892.1 813.3 811.3 644.1 704.6 1,888.8 714.1 712.8 672.8 709.2 705.3 682.9 684.3 819.3 838.4 1,565.8 1,299.6 1,824.8 1,489.1 1,063 1,040.5 1,205.2 1,060.5 1,092.1 3,728.9 1,178.4 1,145.1 2,368.2 1,015.7 962.1 910.9 968.4 817.6 803.2 724.8 487.2 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,119.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 647 683.6 783.6 912.2 929.3 945.4 912.2 934.5 962.6 960.8 925.4 935.2 940.7 958.5 901 940.9 929 930.2 830.4 817.9 829.5 810.3 1,207.6 1,129.2 1,317.6 890.7 1,332 1,315.2 1,146.6 1,195.1 1,295.6 1,187.8 1,172.1 1,020.5 1,075.1 985 944.1 945.4 972 948.2 929.6
Inventory 305.5 291.8 310.6 610.4 568 544.8 563.9 572 580.8 536.9 552.5 561.2 570.2 536.7 560.5 547.7 553.3 512.7 506.8 488 466.6 455.5 661.8 664.5 650.4 640.3 680.7 693.7 608.3 574.5 649.2 642.3 615.9 580.6 576.2 560.6 571.6 544.6 558.1 557.5 553.6
Other Current Assets 238.6 254.8 206.6 328.1 314.7 288.8 347.8 368.9 365.9 285.1 277.3 265.4 271.6 272.6 0 0 0 0 0 0 0 30.4 2.1 3.3 3.3 838.1 17.8 21.4 26.3 30 0 0 0 203.8 0 0 0 0 0 0 0
Total Current Assets 1,547.2 1,605.7 1,731.6 3,683.4 2,704.1 2,592.3 2,635.2 2,519.5 2,613.9 3,671.6 2,469.3 2,474.6 2,455.3 2,477 2,447.9 2,445.3 2,447.7 2,514.9 2,425.3 3,086.4 2,800.9 4,446.9 3,774.7 3,250.4 3,445.6 3,688.8 3,465.9 3,436.3 5,796.3 3,171.2 3,414.3 4,503.4 3,079.7 2,936.8 2,695.3 2,701.7 2,517.4 2,488.7 2,359.2 2,162 1,571.6
Non-Current Assets
Property, Plant & Equipment 276.3 269.8 258.7 447.9 433.9 433.1 425.1 417.9 422.7 439.8 430.8 425.9 425.6 421.9 405.2 407.6 412.6 395.5 575.3 580.1 596.7 610.7 728.7 727.6 720 585 730 712.3 634.7 576.1 682.3 690.4 709.8 610.4 673.2 562.8 552.9 547.6 538.3 534 519.1
Goodwill 7,288.5 7,298.3 7,276.2 10,403.7 10,244.7 10,156 10,322.3 10,216.5 10,234.6 9,121.7 9,058.7 9,051.9 9,057.1 9,048.5 8,977.5 9,058.2 9,132.9 9,152 8,221.5 7,347.3 7,340.4 7,359.2 8,341 8,297.7 8,271.1 8,399.3 7,995.5 7,750.9 6,169 6,133.1 6,743.3 5,081.9 5,126.2 5,098.5 4,632.3 4,032.1 3,999.2 3,979 4,048 3,962.4 3,973.3
Intangible Assets 2,093.5 2,188.4 2,268.4 3,199.9 3,258.5 3,340 3,510 3,591.1 3,712.7 3,159.8 3,226.3 3,304 3,396.8 3,487.4 3,568.3 3,678.5 3,788.9 3,890.2 3,392 3,133.7 3,209.7 3,290.6 3,595.6 3,671.3 3,751 3,845 3,660.6 3,813.2 2,435.5 2,476.3 2,499.9 1,230.9 1,259.2 1,276 886.1 729.8 736.2 747.3 775.8 726.6 750
Long-Term Investments 0 0 79 72 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Assets 378.6 375.5 272.8 437.3 495.8 494.7 561 540 536.2 518.9 479.3 474.3 470 455.8 494.2 481.3 484.3 512.9 361.9 348 331.2 344.1 759.7 758.7 744 2,353 808.4 755.4 620.7 548.9 523 479.5 480.5 1,136.7 440.1 440.7 428.6 427.2 412 402.1 398.6
Total Non-Current Assets 10,036.9 10,132 10,155.1 14,560.8 14,432.9 14,423.8 14,818.4 14,765.5 14,906.2 13,240.2 13,195.1 13,256.1 13,349.5 13,413.6 13,445.2 13,625.6 13,818.7 13,950.6 12,550.7 11,409.1 11,478 11,604.6 13,425 13,455.3 13,486.1 13,750.2 13,194.5 13,031.8 9,859.9 9,734.4 10,448.5 7,482.7 7,575.7 7,563.8 6,631.7 5,765.4 5,716.9 5,701.1 5,774.1 5,625.1 5,641
Total Assets 11,584.1 11,737.7 11,886.7 18,244.2 17,137 17,016.1 17,453.6 17,285 17,520.1 16,911.8 15,664.4 15,730.7 15,804.8 15,890.6 15,893.1 16,070.9 16,266.4 16,465.5 14,976.1 14,495.5 14,278.9 16,051.5 17,199.7 16,705.7 16,931.7 17,439 16,660.4 16,468.1 15,656.2 12,905.6 13,862.8 11,986.1 10,655.4 10,500.6 9,327 8,467.1 8,234.3 8,189.8 8,133.3 7,787.1 7,212.6
Current Liabilities
Account Payables 415.9 436.4 427.6 700.5 669.3 677.4 623.8 636.1 667.2 608.6 574.8 585.6 593 623 572.6 581.7 576.1 557.9 494.9 489.4 464.5 480.8 777.1 733 745.4 449 693.8 697.9 667.8 706.5 758.7 763.5 711.7 629 646.1 648.6 623.3 666.2 619.4 644.2 625.6
Short-Term Debt 899.8 899.5 1,189.2 1,905.7 933.8 376.2 408.1 383.9 0 0 749.9 999.9 999.8 999.7 999.9 999.9 999.8 2,151.7 1,358.2 1,134.6 1,126 1,399.8 999.2 998.8 250 1,500 1,000 1,000 1,055.4 455.6 1,824.5 799.3 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 553.2 0 0 0 544.6 0 0 0 509.6 0 0 0 457.6 0 0 0 376.4 0 0 0 323 0 0 0 288.1 0 0 0 211.4 0 0 0 204.6 0 0 0
Other Current Liabilities 869.6 910.7 0 0 0 407.4 0 0 0 427.3 0 0 0 378.6 0 0 0 399.9 1.2 1.5 2.8 434.4 0 0 0 1,021.1 15.7 17.1 22.7 435.5 0 0 0 552.1 0 0 0 393.2 0 0 0
Total Current Liabilities 2,185.3 2,246.6 2,469.5 3,745.6 2,725.7 2,238.4 2,100.8 2,045.8 1,738.7 1,791.3 2,420 2,585 2,630.1 2,727.1 2,592.1 2,611.3 2,561.6 3,714.9 2,868.9 2,569.7 2,474.8 2,860.8 3,041 2,876.4 2,121.1 3,467.2 2,916.3 2,791.2 2,639.6 2,192.1 3,479.5 2,298.7 1,461.4 1,602.3 1,379.3 1,370.8 1,401 1,466.5 1,369 1,350.2 1,244.4
Non-Current Liabilities
Long-Term Debt 2,589.3 2,306.5 2,117.1 2,906.5 2,929.1 3,331.1 3,451.8 3,396.4 3,941.7 3,646.2 1,982.1 1,978.2 2,094.6 2,251.6 2,559 2,682.2 2,738.9 1,807.3 1,442.1 1,441.8 1,441.5 2,830.3 4,699.2 4,686.2 5,826.1 4,826.2 5,015.6 5,196.5 4,728.3 2,974.7 3,178 2,927.4 3,996.9 4,056.2 3,671.9 3,208.1 3,262.7 3,358 3,509.1 3,374.8 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 726.4 731.2 796.2 1,202.9 1,238.9 1,059.3 1,339.5 1,337 1,356.6 976.9 1,178.7 1,195.7 1,204.4 1,054.3 1,346.3 1,328 1,399.2 1,252.6 1,198 1,128.6 1,193.2 1,199.2 1,600.4 1,572.4 1,576.7 1,575.6 1,399.6 1,306.5 1,313.1 1,033.3 1,356.2 1,118.1 1,087.4 947.2 797.5 715.2 678.7 594.2 695.6 689.7 706.9
Total Non-Current Liabilities 3,315.7 3,037.7 2,913.3 4,109.4 4,168 4,582.1 4,791.3 4,733.4 5,298.3 4,795.2 3,160.8 3,173.9 3,299 3,474.9 3,905.3 4,010.2 4,138.1 3,233.6 2,784.4 2,716.1 2,787.4 4,218 6,470.6 6,422.4 7,557.3 6,571.6 6,580.5 6,654 6,153.9 4,100.6 4,534.2 4,045.5 5,084.3 5,090.1 4,469.4 3,923.3 3,941.4 4,032.3 4,204.7 4,064.5 706.9
Total Liabilities 5,501 5,284.3 5,382.8 7,855 6,893.7 6,820.5 6,892.1 6,779.2 7,037 6,586.5 5,580.8 5,758.9 5,929.1 6,202 6,497.4 6,621.5 6,699.7 6,948.5 5,653.3 5,285.8 5,262.2 7,078.8 9,511.6 9,298.8 9,678.4 10,038.8 9,496.8 9,445.2 8,793.5 6,292.7 8,013.7 6,344.2 6,545.7 6,692.4 5,848.7 5,294.1 5,342.4 5,498.8 5,573.7 5,414.7 1,951.3
Stockholders' Equity
Common Stock 3.7 3.7 3.7 3.7 3.7 3.7 3.7 3.7 3.7 3.6 3.6 3.6 3.6 3.6 3.6 3.6 3.6 3.6 3.6 3.6 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 5,249.4
Retained Earnings 5,546.5 5,428.5 5,264.3 8,511.9 8,372.3 8,227.6 8,046.1 7,852.3 7,685.2 7,505.9 7,268.8 7,075.4 6,891 6,742.1 6,539.6 6,374.5 6,226.4 6,023.6 5,882.2 5,756.6 5,616.6 5,547.4 4,372.7 4,187.8 4,098.6 4,128.8 3,976.7 3,810.4 3,676.4 3,552.7 2,057.1 1,853.9 1,583.3 1,350.3 1,037.8 794.2 578.5 403 202.7 0 0
Accumulated Other Comprehensive Income 41.5 41 34.2 (287.3) (395.3) (465.4) (334.2) (423.6) (402.5) (326.1) (365.8) (319.9) (312.3) (325.7) (453.7) (342.1) (223.9) (185) (192.1) (157.3) (174.8) (141.1) (91.7) (156.6) (193.6) (56.3) (119.6) (67.6) (69.4) (86.6) (92.8) (69.6) 29.5 (7.6) (16.3) (55.3) (101.4) (145.8) (25.5) (0.8) 8.7
Total Stockholders' Equity 6,083.1 6,453.4 6,503.9 10,382.1 10,236.4 10,188.6 10,554.9 10,499.3 10,476.7 10,318.9 10,077.8 9,965.8 9,869.9 9,683.4 9,390.8 9,444.3 9,561.4 9,512.2 9,318 9,205 9,009 8,964.2 7,676.1 7,395.3 7,242.1 7,387 7,151.7 7,011.6 6,850.7 6,595.5 5,830.3 5,624.6 4,092.4 3,790.3 3,474.2 3,169.5 2,888.4 2,687.9 2,556 2,369.3 5,258.1
Total Liabilities & Equity 11,584.1 11,737.7 11,886.7 18,244.2 17,137 17,016.1 17,453.6 17,285 17,520.1 16,911.8 15,664.4 15,730.7 15,804.8 15,890.6 15,893.1 16,070.9 16,266.4 16,465.5 14,976.1 14,495.5 14,278.9 16,051.5 17,199.7 16,705.7 16,931.7 17,439 16,660.4 16,468.1 15,656.2 12,905.6 13,862.8 11,986.1 10,655.4 10,500.6 9,327 8,467.1 8,234.3 8,189.8 8,133.3 7,787.1 7,212.6
Debt Metrics
Total Debt 3,489.1 3,206 3,306.3 4,812.2 3,862.9 3,876.9 3,859.9 3,780.3 3,941.7 3,810.1 2,732 2,978.1 3,094.4 3,420.7 3,558.9 3,682.1 3,738.7 4,143.5 2,990 2,766.3 2,764.8 4,431.4 5,924.1 5,901.4 6,283.9 6,502.1 6,233.1 6,398.8 5,952.1 3,430.3 5,002.5 3,726.7 3,996.9 4,056.2 3,671.9 3,208.1 3,262.7 3,358 3,509.1 3,374.8 0
Net Debt 3,133 2,830.5 2,875.5 2,979.5 2,970.8 3,063.6 3,048.6 3,136.2 3,237.1 1,921.3 2,017.9 2,265.3 2,421.6 2,711.5 2,853.6 2,999.2 3,054.4 3,324.2 2,151.6 1,200.5 1,465.2 2,606.6 4,435 4,838.4 5,243.4 5,296.9 5,172.6 5,306.7 2,223.2 2,251.9 3,857.4 1,358.5 2,981.2 3,094.1 2,761 2,239.7 2,445.1 2,554.8 2,784.3 2,887.6 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
Operating Activities
Net Income 136.4 191.5 2.7 166.6 171.9 208.8 221.6 195.1 207.4 265.2 218 209 173.6 227.2 189.9 173 165.1 169.4 151.1 182 111.7 1,053.8 86 130.3 42.3 178.8 207.3 175.3 164 116.8 245.3 295 261.2 336.9 267.8 240.1 199.7 224.5 226.9 238.9 182
Depreciation & Amortization 113.6 0 53.6 137.8 134.9 134.8 135.8 136.5 136.8 115.7 114.8 113.5 112.8 116.6 115 116.2 117.8 104 98.8 95.7 97 31.4 95.1 119.1 117.6 117.1 116.8 110.4 81.9 76 66.6 58.2 60 60.4 39.9 37.1 36.7 42.5 45.1 44.9 43.9
Stock-Based Compensation 21.3 0 42 27.4 27.5 28.2 27.9 24.2 28.9 28.1 29.5 29 26.7 25.9 22.9 25.1 19.9 22.2 18.4 20.2 16.6 2.4 15.6 22.7 16.1 15.9 16.7 15.9 12.9 10.3 14 14.6 11.9 11.4 11.9 13.3 12 10.9 12 10.9 11.5
Change in Working Capital (54.1) 71.4 40.3 (20.6) (92.6) 195.4 34.3 (72.5) (53.3) 141.9 49.1 (30.5) (138.7) 94.5 2 (29.1) (88) (4.7) (5.4) 19.1 (120.5) (58.1) 20.8 212.8 (69.9) 172.3 79.4 (41.4) (97.6) 97.5 60.9 (26) (162.1) 60.4 14.7 (44.8) (100.1) 38.3 44.1 15.9 (60.2)
Other Non-Cash Items 17.6 152.9 25.8 0 0 (65) 39.4 25.6 (63.1) 0 263.7 (8.5) 0 62.1 252.6 9.2 0 24.7 (0.7) (37.5) (57) (647.1) 264.2 (5.7) 84.9 (22.6) (39.2) (1.4) (5) 136.5 30 50 52.2 72.5 (15.3) 0 0 11.3 3.5 0 0
Operating Cash Flow 234.8 365.9 164.4 311.2 241.7 502.2 459 308.9 256.7 446.8 411.4 321 174.4 464.2 329.8 294.4 214.8 274.6 262.2 279.5 144.8 284.8 481.7 479.2 191 475.4 381 258.8 156.2 444.8 386.8 341.8 171 463.4 319 245.7 148.3 317.5 331.6 310.6 177.2
Investing Activities
Capital Expenditure (26.6) (30.4) (11.3) (36.7) (26.7) (37) (27.8) (29.2) (26.4) (34.1) (27.9) (21) (24.8) (36.1) (22.6) (18.3) (18.8) (22) (10.9) (8.7) (8.4) 86.2 (26.7) (25.7) (33.8) (32.9) (31.1) (24.5) (24) (18.6) (35) (27.3) (31.4) (48.4) (32.1) (28.8) (26.8) (39.6) (28.6) (33) (28.4)
Acquisitions 0 (25.7) 0 0 0 0 3.2 (14) (1,711) (37.9) (57.7) 4.9 0 5.4 (7) (2.5) 0.9 (1,413.4) (1,157.6) 1.1 (0.2) (15.7) (13.3) (0.8) (10.6) (556.2) (150.6) (3,237.1) 0 10.1 (2,815.9) (1.6) (7.7) (754.5) (802.1) 0 0 0.5 (177.8) 0 (12.8)
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (0.1) (0.1) (17.1) 12.1 0.5 40.8 7 (1.6) 0 0.8 2.3 0 0 (3.5) 0 0 0 3.4 0 1.1 0 (113.8) 0.1 5.5 0.2 1.8 0 0 0 956.7 0.2 3.8 0.1 21.5 4.5 (2.4) (0.6) 4.6 (0.1) 2.4 2
Investing Cash Flow (26.7) (56.2) (28.4) (24.6) (26.2) 3.8 (17.6) (44.8) (1,737.4) (71.2) (83.3) (16.1) (24.8) (34.2) (29.6) (20.8) (17.9) (1,432) (1,168.5) (6.5) (8.6) (43.3) (39.9) (21) (44.2) (587.3) (181.7) (3,261.6) (24) 948.2 (2,850.7) (25.1) (39) (781.4) (829.7) (31.2) (27.4) (34.5) (206.5) (30.6) (39.2)
Financing Activities
Net Debt Issuance 298.8 (104.9) (1,503.5) 812.9 80.7 (25.3) 0.3 (147.6) 309.6 891.8 (234) (109.3) (159.3) (345.6) (100.1) (52.4) (225.8) 1,149.7 215 0 (611.1) (1,480.8) 0 (391.2) (259) 299.3 (196.8) 391.5 2,458.7 (1,326.8) 1,286.6 0 0 380.8 461.5 (63.3) 0 (155.3) 138.5 3,370.1 0
Stock Repurchased (500.2) (265) (344.5) (141.9) (202.6) (466.6) (270.1) (152.9) 0 (65) (78.8) (129.1) 0 (66.8) (133.2) (179.1) (63.8) 0 0 0 0 0 0 0 0 0 0 0 0 (1,539.2) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (18.4) (18.8) (19.2) (27) (27.2) (27.3) (27.8) (28) (28.1) (28.1) (24.6) (24.6) (24.7) (24.7) (24.8) (24.9) (25.1) (25.1) (25.2) (40.9) (41) (58.2) (40.8) (40.9) (23.5) (58) (23.5) (40.6) (40.7) (40.7) (42.1) (24.4) (24.3) (24.4) (24.2) (24.4) (24.2) (24.2) (24.2) 0 0
Other Financing Activities (8.7) 25.2 334.8 6.3 8.1 23.2 16 6.5 25.4 (0.1) 12.5 8.7 (3.1) 2.5 2.6 6.1 (17.9) 12.5 (7.1) 28 (2.8) 1,603.1 9 (13.2) (0.7) (3.4) 8.9 14.3 (6.8) 12.1 11.2 1,097.4 (69.9) 2.5 3.6 7 (95.2) 2.5 (2.7) (3,162.9) (138)
Financing Cash Flow (228.5) (363.5) (1,532.4) 650.3 (141) (496) (281.6) (322) 306.9 798.6 (324.9) (254.3) (187.1) (434.6) (255.5) (250.3) (332.6) 1,137.1 182.7 (12.9) (654.9) 64.1 (31.8) (445.2) (283.2) 237.9 (211.4) 365.2 2,411.2 (1,355.4) 1,255.7 1,073 (94.2) 358.9 440.9 (80.7) (119.4) (177) 111.6 207.2 (138)
Cash Position
Net Change in Cash (19.4) (55.3) (1,401.9) 940.6 78.8 2 167.2 (60.5) (1,184.2) 1,174.7 1.3 40 (36.4) 3.9 22.4 (1.4) (135) (19.1) (727.4) 266.2 (525.2) 335.7 426.1 22.5 (164.7) 144.7 (31.6) (2,636.8) 2,550.5 33.3 (1,223.1) 1,352.5 53.6 51.2 (57.5) 150.8 14.4 78.4 237.6 207.2 0
Cash at Beginning 375.5 430.8 1,832.7 892.1 813.3 811.3 644.1 704.6 1,888.8 714.1 712.8 672.8 709.2 705.3 682.9 684.3 819.3 838.4 1,565.8 1,299.6 1,824.8 1,489.1 1,063 1,040.5 1,205.2 1,060.5 1,092.1 3,728.9 1,178.4 1,145.1 2,368.2 1,015.7 962.1 910.9 968.4 817.6 803.2 724.8 487.2 280 0
Cash at End 356.1 375.5 430.8 1,832.7 892.1 813.3 811.3 644.1 704.6 1,888.8 714.1 712.8 672.8 709.2 705.3 682.9 684.3 819.3 838.4 1,565.8 1,299.6 1,824.8 1,489.1 1,063 1,040.5 1,205.2 1,060.5 1,092.1 3,728.9 1,178.4 1,145.1 2,368.2 1,015.7 962.1 910.9 968.4 817.6 803.2 724.8 487.2 0
Free Cash Flow 208.2 335.5 153.1 274.5 215 465.2 431.2 279.7 230.3 412.7 383.5 300 149.6 428.1 307.2 276.1 196 252.6 251.3 270.8 136.4 371 455 453.5 157.2 442.5 349.9 234.3 132.2 426.2 351.8 314.5 139.6 415 286.9 216.9 121.5 277.9 303 277.6 148.8
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
Income Statement
Revenue 1,069.4 1,122.5 1,027.1 1,518.8 1,474.2 1,620.3 1,534.6 1,552.4 1,524.5 1,583.7 1,494.5 1,526.4 1,460.7 1,529.9 1,456 1,463.3 1,376.5 1,374.8 1,301 1,319.7 1,259.2 1,324.9 1,159.8 1,041.6 1,108.1 2,002.4 1,860 1,864.7 1,592.9 1,757.5 1,601.2 1,601.8 1,492.2 1,577.9 1,685.3 1,628.8 1,535.2 1,627.1 1,567.4 1,555.1 1,474.7 1,561.4 1,524.6 1,564.9 1,513.5 1,687.4
Gross Profit 675.5 708.9 649.2 895.7 880.9 977.2 921.3 928.3 904.2 947.5 893 905.4 848.2 892.5 845.4 833.5 792 794 745.7 755.5 711.9 762.1 651.6 582.8 612 1,035.9 927.7 904 812.7 898.3 825.9 830.8 766.3 813.6 839.4 805.1 744 796.6 772.9 768.1 695.2 738.2 747.2 764.8 730.7 805.4
Operating Income 191.7 225.5 159.6 263.2 260.6 311 297.4 301.8 239.1 310.9 291.1 291.3 258 291.5 253 248.5 212.3 201.6 202.3 211.3 197.6 205.9 137.6 102.6 115.4 323.2 263.1 277.4 243.3 294.5 281.6 324.4 277.9 305 355.9 348.3 294.9 337.7 323.2 322.1 263 338.1 301.8 335.7 294.1 319
Net Income 136.4 185.7 55 166.6 171.9 208.8 221.6 195.1 207.4 265.2 218 209 173.6 227.2 189.9 173 165.1 165 152.3 180.9 110.2 1,215.6 225.8 130 41.9 192.8 207.1 174.6 164.4 2,112.3 245.3 295 261.2 336.9 267.8 240.1 199.7 224.5 226.9 238.9 182 236.1 196.6 227.4 203.7 228.9
EPS (Diluted) 0.44 0.58 0.17 0.49 0.50 0.60 0.63 0.55 0.58 0.75 0.61 0.59 0.49 0.64 0.53 0.48 0.45 0.45 0.42 0.48 0.27 3.37 0.61 0.33 0.07 0.52 0.56 0.47 0.43 6.17 0.64 0.83 0.74 0.95 0.76 0.68 0.57 0.64 0.65 0.69 0.53 0.69 0.57 0.66 0.59 0.66
Balance Sheet
Cash & Equivalents 356.1 375.5 430.8 1,832.7 892.1 813.3 811.3 644.1 704.6 1,888.8 714.1 712.8 672.8 709.2 705.3 682.9 684.3 819.3 838.4 1,565.8 1,299.6 1,824.8 1,489.1 1,063 1,040.5 1,205.2 1,060.5 1,092.1 3,728.9 1,178.4 1,145.1 2,368.2 1,015.7 962.1 910.9 968.4 817.6 803.2 724.8 487.2 0
Total Assets 11,584.1 11,737.7 11,886.7 18,244.2 17,137 17,016.1 17,453.6 17,285 17,520.1 16,911.8 15,664.4 15,730.7 15,804.8 15,890.6 15,893.1 16,070.9 16,266.4 16,465.5 14,976.1 14,495.5 14,278.9 16,051.5 17,199.7 16,705.7 16,931.7 17,439 16,660.4 16,468.1 15,656.2 12,905.6 13,862.8 11,986.1 10,655.4 10,500.6 9,327 8,467.1 8,234.3 8,189.8 8,133.3 7,787.1 7,212.6
Total Debt 3,489.1 3,206 3,306.3 4,812.2 3,862.9 3,876.9 3,859.9 3,780.3 3,941.7 3,810.1 2,732 2,978.1 3,094.4 3,420.7 3,558.9 3,682.1 3,738.7 4,143.5 2,990 2,766.3 2,764.8 4,431.4 5,924.1 5,901.4 6,283.9 6,502.1 6,233.1 6,398.8 5,952.1 3,430.3 5,002.5 3,726.7 3,996.9 4,056.2 3,671.9 3,208.1 3,262.7 3,358 3,509.1 3,374.8 0
Stockholders' Equity 6,083.1 6,453.4 6,503.9 10,382.1 10,236.4 10,188.6 10,554.9 10,499.3 10,476.7 10,318.9 10,077.8 9,965.8 9,869.9 9,683.4 9,390.8 9,444.3 9,561.4 9,512.2 9,318 9,205 9,009 8,964.2 7,676.1 7,395.3 7,242.1 7,387 7,151.7 7,011.6 6,850.7 6,595.5 5,830.3 5,624.6 4,092.4 3,790.3 3,474.2 3,169.5 2,888.4 2,687.9 2,556 2,369.3 5,258.1
Cash Flow
Operating Cash Flow 234.8 365.9 164.4 311.2 241.7 502.2 459 308.9 256.7 446.8 411.4 321 174.4 464.2 329.8 294.4 214.8 274.6 262.2 279.5 144.8 284.8 481.7 479.2 191 475.4 381 258.8 156.2 444.8 386.8 341.8 171 463.4 319 245.7 148.3 317.5 331.6 310.6 177.2
Capital Expenditure (26.6) (30.4) (11.3) (36.7) (26.7) (37) (27.8) (29.2) (26.4) (34.1) (27.9) (21) (24.8) (36.1) (22.6) (18.3) (18.8) (22) (10.9) (8.7) (8.4) 86.2 (26.7) (25.7) (33.8) (32.9) (31.1) (24.5) (24) (18.6) (35) (27.3) (31.4) (48.4) (32.1) (28.8) (26.8) (39.6) (28.6) (33) (28.4)
Free Cash Flow 208.2 335.5 153.1 274.5 215 465.2 431.2 279.7 230.3 412.7 383.5 300 149.6 428.1 307.2 276.1 196 252.6 251.3 270.8 136.4 371 455 453.5 157.2 442.5 349.9 234.3 132.2 426.2 351.8 314.5 139.6 415 286.9 216.9 121.5 277.9 303 277.6 148.8