Gray Media, Inc. logo GTN - Gray Media, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 7
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $7.00 DETAILS
HIGH: $7.00
LOW: $7.00
MEDIAN: $7.00
CONSENSUS: $7.00
UPSIDE: 71.99%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 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 768 792 749 772 782 1,045 950 826 823 864 803 813 801 1,072 909 868 827 721 601 547 544 792 604 451 534 579 517 508 518 328.2 279.3 250.3 226.3 233.6 219.0 226.7 203.5 237.6 204.5 196.6 173.7 169.5 151.1 143.5 133.3 177.9 131.7 107.2 91.3 95.6 88.3 84.3 78.2 126.6 102.9 94.7 80.7 84.7 76.5 76.2 69.7 114.6 85.3 75.6 70.5 77.5 66.4 65.1 61.4 94.8 82.6 78.7 71.0 84.3 73.6 79.8 69.7 101.9 80.6 81.4 68.2 33.7 75.1 81.5 71.5 100.6 86.9 84.4 74.7 80.4 76.6 75.8 42.7 42.7 40.0 36.9 47.3 41.6 43.4 38.9
Cost of Revenue 648 (1,099) 23 583 597 624 593 579 604 631 575 563 614 597 553 542 556 472 397 363 378 375 334 329 354 356 329 323 391 159.7 145.1 141.9 149.7 150.7 139.4 133.5 133.5 128.5 120.7 117.3 108.6 102.0 98.9 86.4 86.8 86.4 73.2 66.0 60.4 58.6 53.5 51.8 53.5 56.7 52.0 52.8 50.8 49.4 48.7 47.9 48.2 52.9 49.8 46.1 47.6 50.6 46.2 45.2 45.7 51.2 49.9 48.5 50.0 52.2 49.6 49.0 48.8 53.4 47.5 45.5 45.1 14.3 50.0 49.4 48.5 55.9 47.9 46.3 46.8 49.1 45.1 43.4 25.6 27.4 25.2 25.6 33.6 22.8 24.5 24.4
Gross Profit 120 1,891 726 189 185 421 357 247 219 233 228 250 187 475 356 326 271 249 204 184 166 417 270 122 180 223 188 185 127 168.5 134.2 108.4 76.6 82.9 79.5 93.1 70.0 109.1 83.8 79.3 65.2 67.5 52.2 57.0 46.5 91.5 58.5 41.2 30.9 37.0 34.8 32.5 24.7 69.9 50.8 41.9 29.9 35.3 27.8 28.3 21.6 61.7 35.5 29.5 22.9 26.9 20.3 19.9 15.7 43.6 32.7 30.3 21.0 32.0 24.0 30.7 20.9 48.5 33.1 35.9 23.2 19.4 25.1 32.1 23.0 44.6 39.0 38.0 27.9 31.2 31.6 32.4 17.1 15.3 14.8 11.3 13.7 18.8 18.9 14.5
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 0 0 0 25 32 24 24 28 28 33 23 30 26 24 27 25 28 84 32 25 18 18 15 17 15 21 14 21 48 10.8 11.0 10.8 8.3 7.1 8.3 8.4 7.7 8.9 7.2 8.5 15.7 11.0 10.0 6.4 6.8 7.6 5.3 9.8 6.5 6.2 4.5 5.3 3.8 5.2 4.0 3.6 3.1 3.6 4.1 3.4 3.0 3.4 3.4 3.8 2.9 3.2 3.3 3.6 4.0 4.1 3.8 2.7 3.5 3.5 3.9 3.6 4.1 5.0 3.5 2.9 3.7 0.1 4.7 4.1 2.6 4.2 2.9 2.2 2.4 2.3 2.1 2.3 1.1 1.0 0.9 0.9 1.0 0.7 0.9 1.0
Other Expenses 39 1,775 624 82 61 72 83 67 67 87 121 101 94 88 84 83 79 60 105 51 47 48 43 40 41 22 49 1 3 3.3 0.9 0.7 0.6 0.1 0.0 0.0 0.0 0.0 0.0 0.1 0.6 0.0 0.0 0.1 0.0 0.0 0.0 0.0 6.7 6.6 6.0 (0.0) 0.0 5.8 5.7 5.7 5.9 6.0 6.6 6.7 7.0 7.3 7.6 8.1 8.1 8.2 8.2 8.4 8.4 9.9 8.5 8.8 8.2 9.0 10.2 10.2 9.8 10.2 9.7 9.2 8.4 8.0 6.7 6.5 6.2 6.5 6.5 5.6 6.2 7.7 7.1 6.7 3.7 7.2 7.8 7.9 2.8 9.5 9.5 9.4
Operating Expenses 39 1,775 624 107 93 96 107 95 95 120 144 131 120 112 111 108 107 144 137 76 65 66 58 57 56 43 63 69 97 29.1 29.4 29.5 27.4 26.9 27.9 27.9 25.9 24.8 23.0 24.4 30.7 24.1 22.6 17.9 18.4 19.2 17.3 18.0 13.2 12.9 10.5 11.2 9.6 11.0 9.8 9.4 9.0 9.7 10.6 10.1 10.1 10.8 11.0 11.9 11.0 11.4 11.5 12.0 12.5 14.0 12.2 11.5 11.7 12.5 14.1 13.8 13.8 15.2 13.2 12.1 12.2 8.1 11.3 10.6 8.8 10.7 9.4 7.7 8.6 10.0 9.2 9.0 4.8 8.2 8.7 8.8 3.7 10.2 10.5 10.4
Operating Income
Operating Income 81 116 102 82 92 325 250 152 124 113 84 119 67 363 245 218 164 105 67 108 101 351 212 65 124 180 139 119 40 150.6 108.4 79.7 50.0 55.1 50.0 142.6 43.6 83.9 60.5 53.7 36.1 43.9 29.3 38.8 28.1 72.0 41.2 23.2 17.4 23.3 24.2 21.3 15.1 58.5 41.1 33.0 20.8 26.6 18.2 19.0 11.5 52.2 24.6 18.1 11.9 18.7 10.6 9.0 4.8 (307.4) 20.5 18.7 9.3 19.6 9.9 16.9 7.0 33.3 20.0 23.7 11.0 11.3 13.8 21.5 14.2 33.9 29.6 30.3 19.4 21.2 22.4 23.4 12.3 7.1 6.0 2.5 10.0 8.6 8.5 4.1
Interest Expense (117) 119 120 117 118 122 130 118 115 116 111 109 104 100 94 81 79 62 48 47 48 48 45 46 52 54 57 58 58 32.4 25.1 24.8 24 24.1 24.2 23.8 23.2 23.8 27.9 24.3 21.3 18.6 18.6 18.6 18.5 19.2 18.6 15.8 15.3 14.7 12.7 12.6 12.5 14.0 15.2 15.1 15.2 15.3 15.2 15.3 16 16.3 16.7 17.4 19.6 19.6 19.4 20.0 10.1 12.3 12.6 13.4 15.8 16.6 16.8 16.5 29.5 17.1 17.5 16.7 15.5 13.0 10.2 11.3 11.1 10.6 10.0 10.5 10.5 10.6 10.9 10.8 7.9 9.0 8.9 9.3 10.0 10.1 10.2 9.7
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 152 534 136 148 163 405 332 221 301 198 158 213 156 440 340 301 259 180 129 161 162 403 272 120 179 238 184 178 92 172.2 132 106 74 76.8 69.6 161.7 59.2 99.8 49.1 74.5 56.1 69.3 45.6 53.9 43.2 94.0 56.5 29.5 24.4 31.7 30.3 30.1 23.7 64.8 41.1 33.0 29.5 35.4 18.2 29.3 11.5 63.6 36.0 30.1 23.6 30.7 22.6 21.2 8.6 (294.4) 33.3 31.5 22.2 33.0 9.9 16.9 21.7 47.7 33.9 37.0 23.5 22.7 23.0 29.1 20.6 43.3 29.6 30.3 19.4 30.9 32.7 31.1 17.7 16.1 15.7 12.1 19.6 18.1 18.0 13.5
EBIT 81 93 92 82 94 338 258 147 234 104 74 118 62 344 244 218 162 104 66 101 102 339 210 63 123 180 125 120 43 154.0 108 81 50 57.0 50.1 142.2 41.0 83.9 28.5 53.8 36.7 56.2 29.4 38.8 28.1 82.4 41.2 18.3 17.7 25.1 24.3 21.3 15.1 11.8 41.1 33.0 20.8 26.6 18.2 19.0 11.5 52.2 24.6 18.2 11.6 18.7 10.6 9.0 (3.6) (307.5) 20.5 18.8 9.3 19.6 9.9 16.9 7.0 33.3 20.0 23.7 11.0 11.3 12.5 19.6 11.2 33.9 29.6 30.3 19.4 21.2 22.4 23.4 12.2 7.1 6.0 2.5 10.0 8.6 8.5 4.1
Income Before Tax (28) (26) (28) (35) (24) 216 128 29 119 (12) (37) 9 (42) 244 150 137 83 42 18 54 54 291 165 17 71 126 82 62 (15) 121.5 84.2 55.6 26.3 31.1 25.8 118.5 17.8 60.1 0.6 29.6 15.4 25.2 10.7 20.2 9.5 52.6 22.5 2.5 2.1 8.6 11.6 8.7 2.5 (2.2) 25.9 17.9 5.7 11.3 3.1 3.7 (4.5) 35.9 8.0 0.7 (8.0) (0.9) (8.8) (11.0) (13.7) (319.9) 7.9 5.4 (6.5) 3.0 (6.7) (15.6) (16.4) 16.4 2.3 7.1 (4.2) (3.6) 2.9 5.6 3.4 23.7 19.4 20.1 9.1 10.4 11.4 12.2 4.7 (1.9) (3.0) (7.5) 0.5 (1.4) (1.7) (5.6)
Income Tax Expense (8) (16) (18) 21 (15) 47 32 7 31 (3) 3 5 (11) 58 42 38 21 13 35 15 15 67 43 6 18 32 23 18 3 33.2 22.3 14.9 6.4 (134.4) 10.5 47.9 7.3 24.3 0.8 11.9 6.4 10.3 4.1 8.1 3.9 21.4 8.6 0.9 0.9 3.4 4.5 3.6 1.7 (0.1) 10.0 6.9 2.3 3.7 1.1 1.1 (1.4) 14.0 2.5 0.2 (3.2) 1.1 (3.2) (4.4) (4.8) (113.8) 3.3 2.2 (2.6) 1.5 (2.5) (5.6) (5.9) 7.8 0.9 2.8 (1.7) (1.0) 1.2 2.2 1.3 8.9 7.6 7.9 3.6 9.1 4.4 4.6 1.7 (0.5) (0.8) (2.5) 0.4 (0.2) (0.3) (1.7)
Net Income (20) (10) (10) (56) (9) 169 96 22 88 (9) (40) 4 (31) 186 108 99 62 29 (17) 39 39 224 122 11 53 94 59 44 (18) 88.3 61.9 40.7 19.9 165.6 15.3 70.6 10.5 35.8 (0.2) 17.7 9.0 15.0 6.6 12.1 5.6 31.3 13.9 1.6 1.3 5.2 7.1 5.1 0.9 (2.1) 15.9 11.0 3.4 7.6 2.0 2.6 (3.1) 21.9 5.5 0.5 (4.7) (2.0) (5.5) (6.6) (8.9) (206.0) 4.6 3.2 (3.9) 1.5 (4.2) (9.9) (10.5) 8.6 1.4 4.3 (2.6) (3.8) 1.7 3.4 2.1 14.8 11.8 12.2 5.5 1.3 7.0 4.0 3.1 (1.4) (2.2) (5.0) 0.1 (1.1) (1.4) (3.8)
Per Share Data
EPS (Basic) -0.34 -0.24 -0.10 -0.71 -0.23 1.64 0.87 0.09 0.80 -0.24 -0.57 -0.10 -0.34 1.90 1.19 1.06 0.67 0.17 -0.18 0.27 0.28 2.24 1.15 -0.02 0.41 0.82 0.46 0.31 -0.18 1.01 0.70 0.46 0.22 2.15 0.21 0.98 0.15 0.50 -0.00 0.25 0.13 0.21 0.09 0.17 0.10 0.54 0.24 0.03 0.02 0.09 0.12 0.09 0.02 -0.04 0.26 0.17 0.04 0.10 0.03 0.01 -0.05 0.38 0.07 -0.11 -0.10 -0.04 -0.11 -0.14 -0.18 -4.25 0.03 0.06 -0.08 0.03 -0.09 -0.21 -0.22 0.18 0.01 0.07 -0.05 -0.08 0.02 0.05 0.03 0.30 0.22 0.23 0.09 0.03 0.12 0.21 -0.10 -0.09 -0.14 -0.32 0.01 -0.07 -0.09 -0.25
EPS (Diluted) -0.34 -0.24 -0.10 -0.71 -0.23 1.59 0.86 0.09 0.79 -0.24 -0.57 -0.10 -0.34 1.88 1.17 1.05 0.66 0.17 -0.18 0.27 0.27 2.22 1.14 -0.02 0.40 0.81 0.46 0.31 -0.18 1.00 0.69 0.46 0.22 2.13 0.21 0.97 0.14 0.49 -0.00 0.24 0.12 0.21 0.09 0.17 0.10 0.53 0.24 0.03 0.02 0.09 0.12 0.09 0.02 -0.04 0.26 0.17 0.04 0.10 0.03 0.01 -0.05 0.38 0.07 -0.11 -0.10 -0.04 -0.11 -0.14 -0.18 -4.25 0.03 0.06 -0.08 0.03 -0.09 -0.21 -0.22 0.18 0.01 0.07 -0.05 -0.08 0.02 0.05 0.03 0.30 0.22 0.22 0.09 0.03 0.12 0.21 -0.10 -0.09 -0.14 -0.32 0.01 -0.07 -0.09 -0.25
Shares Outstanding 97 97 97 97 96 95 95 95 94 93 93 93 92 91 91 93 93 95 93.8 95 94 94 95 97 98 99 100 100 99 87.8 88 88 89 76.9 71.6 71.8 71.9 71.8 71.9 71.9 71.8 71.6 71.6 71.6 58.2 57.9 57.9 57.9 57.8 57.7 57.7 57.6 57.5 57.2 57.2 57.2 57.1 57.1 57.1 57.1 57.1 57.1 57.1 54.5 48.6 48.5 48.5 48.5 48.5 48.4 48.4 48.2 48.2 48.0 47.8 47.7 47.7 47.7 48.1 48.8 48.7 48.6 48.7 48.6 48.6 48.6 50.0 50.0 49.9 49.6 50.4 18.9 15.7 15.6 15.6 15.6 15.5 15.5 15.5 15.5
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 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 259 368 182 199 210 135 69 75 134 21 21 36 56 61 144 162 247 189 322 785 819 773 467 379 296 212 326 251 225 667.0 550.9 510.6 443.4 462.4 172.9 42.4 23.5 325.2 230.4 176.3 120.7 15.7 13.7 16 9.8 14.9 1.2 31.8 24.7 11.9 14.8 22.3 12.9 19.1 2.7 1.7 1.1 2.2 1.7 1.5 1.8 1.8 3.9 5.1 2.3 1.9 1.9 2.7 1.1 2.4 1.8 0.5 0.4 1.1 5.6 1.3 2.1 0.6 0.3 0.2 0.3 0.6 0.5 0.4 0.4 0.3 0.6 0.4
Short-Term 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 179 211 210 222 198 343 364 344 383 363 360 350 354 672 637 635 665 645 461 429 434 446 384 354 385 411 402 390 414 184 180.5 176.7 168.2 171.2 166.1 260.7 156.8 146.8 149.9 147.8 137.8 53.8 52.6 57.2 51.5 49.6 61.7 55.1 49.6 55.2 50.5 43.4 54.8 25.1 26.0 28.0 24.3 30.3 26.1 30.3 25.3 30.3 21.9 22.8 21 22.9 22.9 20 18.3 19.5 17.2 16.7 14.7 17.4 16.4 10.8 10.1 9.6 8.2 8.8 7.6 8.4 6 3.7 3.3 3.3 3.3 3.3
Inventory 11 0 25 0 0 17 0 0 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27 33 17 7.3 10.7 0 28.3 0 0 21.3 22.1 0 0 0 55.8 4.7 5.0 3.4 5.8 6.5 4.8 1.1 1.1 1.5 1.1 1.1 1.2 1.1 1.0 1.1 1.4 1.5 1.7 1.3 0.9 1.1 1 0.9 1.1 1.2 1.2 1.3 1.1 0.8 0.9 0.5 0.7 0.6 0.4 0.1 0.2 0.5 0.7 0.6 0.5 0.4 0.3 0.2 0.2 0.1 0.1 0.1
Other Current Assets 31 42 28 57 51 21 76 54 56 66 80 59 63 81 92 47 84 89 61 34 16 85 54 8 17 25 34 9 18 15 26.9 30.7 32.0 28.4 19.6 5.0 9.8 28.4 67.5 53.9 58.4 4.8 8.4 11.8 4.9 8.5 14.6 5.9 8.8 9.4 6.5 9.6 10.0 7.3 6.1 2.5 5.0 5.6 7.7 2.6 6.2 6.4 7 3.8 5.1 5.6 5.5 4.5 5.8 6 9.2 6.6 6.9 4.4 3.6 2.3 3 2.7 1.9 0.9 1.2 1.4 1.1 0.7 1.8 2.1 1.4 1.1
Total Current Assets 523 656 485 478 483 541 576 538 601 468 495 512 537 857 934 951 1,018 963 872 1,257 1,298 1,304 918 759 721 672 789 683 674 872.7 762.0 722.4 649.6 666.8 379.6 329.4 212.2 536.3 467.6 397.4 323.2 77.3 78.1 86.8 70.2 77.6 81.7 93.8 84.2 78.0 72.8 76.4 78.9 52.6 35.8 33.3 31.8 39.6 37.3 35.6 34.2 39.6 33.8 32.6 29.5 31.6 31.5 28.5 26.3 28.7 29.1 24.3 22.7 23.5 26 14.5 15.4 13.4 11.1 10.5 9.6 10.8 7.9 5 5.7 5.8 5.4 4.9
Non-Current Assets
Property, Plant & Equipment 1,568 1,575 1,600 0 0 1,646 1,652 1,652 1,661 1,676 1,687 1,653 1,601 1,541 1,439 1,330 1,253 1,235 964 864 786 794 784 791 792 775 747 752 744 363.1 343.8 343.0 343.2 350.7 352.0 346.5 340.0 326.1 328.6 320.7 322.8 138.7 143.2 148.1 153.8 159.2 178.0 132.0 131.8 134.0 125.0 126.6 128.2 60.2 64.8 66.6 69.0 72.6 75.8 77.9 78.5 80.4 51.8 52.9 53.9 51.8 52.6 43.2 42.7 42.1 41.4 39.8 38.1 35.8 35.7 18.8 19.1 17 17 16.6 16.4 16 12.7 9.5 8 7.6 7.6 8
Goodwill 2,651 2,642 2,642 2,642 2,642 2,642 2,643 2,643 2,643 2,643 2,643 2,660 2,663 2,663 2,657 2,657 2,649 2,649 1,633 1,466 1,466 1,460 1,448 1,446 1,446 1,446 1,449 1,452 1,434 612.4 614.2 611.1 611.1 611.1 611.1 610.5 571.7 485.3 485.6 485.6 484.7 170.5 170.5 170.5 170.5 170.5 269.1 0 0 0 0 0 173.3 0 72.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 5,496 5,466 5,490 5,513 5,573 5,601 5,632 5,672 5,704 5,735 5,782 5,857 5,917 5,967 6,013 6,053 6,082 6,128 4,191 3,933 3,960 3,974 3,968 3,982 4,007 4,033 4,027 4,055 4,051 1,582.8 1,589.0 1,593.9 1,599.1 1,604.5 1,610.3 1,600.9 1,563.2 1,396.6 1,400.8 1,403.5 1,408.0 820.1 820.2 820.3 820.6 820.7 1,062.0 1,082.9 157.4 157.7 1,058.0 1,059.8 887.5 457.5 428.4 504.5 508.0 511.6 515.2 518.7 522.2 526.4 381.3 385 387.6 376 376.7 261.2 262 263.4 264.4 229.1 227 228.7 229.8 73.3 73.9 42 42.2 41.5 41.7 38.5 22.4 6.3 2.5 2.5 3.1 2.5
Long-Term Investments 32 37 56 58 72 66 86 86 86 85 101 108 107 105 125 120 117 117 105 95 95 72 65 49 46 17 17 17 17 16.6 16.6 16.6 16.6 16.6 16.6 16.6 16.6 16.6 16.6 16.6 13.6 13.6 13.6 13.6 13.6 13.6 14 (227.5) (221.2) 0 (178.8) (175.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 49 64 48 1,661 1,668 46 43 43 (1,313) 33 27 20 20 19 15 12 15 16 14 55 55 39 41 13 16 29 (705) (718) (668) 765.7 (266.3) (258.1) (254.2) 11.3 12.1 34.0 29.9 22.5 (347.9) (347.4) (351.7) (123.5) (130.8) 4.8 (131.9) (134.1) (253.3) 28.0 955.0 955.7 29.2 28.3 28.8 36.6 14.2 12.5 12.4 13.0 12.3 12.2 11.4 11.8 12.4 10.3 9.2 9.6 10.4 10.8 11.3 10.9 12.1 10.8 10.9 10.7 10.3 5.9 5.1 5.8 5.3 5.3 3.4 3.5 3.9 4.3 4.6 6.5 6.1 6.5
Total Non-Current Assets 9,796 9,784 9,836 9,874 9,955 10,001 10,056 10,096 10,134 10,172 10,240 10,298 10,308 10,295 10,249 10,172 10,116 10,145 6,907 6,413 6,362 6,339 6,306 6,281 6,307 6,300 6,315 6,318 6,321 3,340.7 2,577.2 2,579.0 2,583.1 2,594.1 2,634.0 2,640.4 2,553.4 2,247.0 2,253.6 2,247.9 2,234.9 1,160.7 1,157.8 1,159.0 1,164.5 1,170.8 1,533.7 1,242.8 1,244.2 1,247.3 1,212.3 1,214.7 1,217.9 554.4 579.8 583.6 589.4 597.2 603.2 608.7 612.1 618.6 445.5 448.2 450.7 437.4 439.7 315.2 316 316.4 317.9 279.7 276 275.2 275.8 98 98.1 64.8 64.5 63.4 61.5 58 39 20.1 15.1 16.6 16.8 17
Total Assets 10,319 10,440 10,321 10,352 10,438 10,542 10,631 10,634 10,735 10,640 10,735 10,810 10,845 11,152 11,183 11,123 11,134 11,108 7,779 7,670 7,660 7,643 7,224 7,040 7,028 6,972 7,104 7,001 6,995 4,213.4 3,339.2 3,301.4 3,232.7 3,260.9 3,013.6 2,969.8 2,765.5 2,783.3 2,721.2 2,645.3 2,558.1 1,238.0 1,235.8 1,245.7 1,234.7 1,248.4 1,615.3 1,336.6 1,328.4 1,325.3 1,285.1 1,291.1 1,296.7 607.0 615.7 616.9 621.2 636.8 640.5 644.3 646.4 658.2 479.3 480.8 480.2 469 471.2 343.7 342.3 345.1 347 304 298.7 298.7 301.8 112.5 113.5 78.2 75.6 73.9 71.1 68.8 46.9 25.1 20.8 22.4 22.2 21.9
Current Liabilities
Account Payables 130 144 18 82 72 75 17 32 36 23 26 33 40 55 40 66 23 59 34 33 19 10 79 86 23 11 13 12 16 8.4 5.9 6.1 3.1 7.8 4.0 2.7 3.4 5.3 5.5 3.4 6.1 3.8 5.7 6.0 6.8 10.4 3.4 1.4 2.9 8.1 3.0 3.9 6.0 4.0 6.2 6.8 5.1 4.5 1.9 3.7 3.3 4.3 1.2 0.8 1.4 2.5 2.9 3.4 4 3.3 3.4 3.9 3.9 6 3.2 3.2 3.4 3.8 2.4 3 2.6 2.1 1.6 1.1 1.2 1 1.3 0.9
Short-Term Debt 10 2 12 10 53 20 23 13 15 15 15 15 15 15 15 15 15 15 0 0 0 0 0 0 0 0 21 20 21 0 0 37 6.4 6.4 6.4 6.4 5.6 0 0 0 4.2 5.0 8.1 8.1 8.1 8.1 6.9 4.1 0.1 9.1 4.3 7.3 10.4 0.1 4.9 1.6 2.5 3.8 5.2 0.3 3.2 4.2 4.8 1.4 0.4 3.5 4.7 0.6 0.6 0.4 0.4 0.3 0.1 0.1 3.4 0.7 1.5 2.9 3.2 2.5 2 1.3 1.7 0.4 2.1 2.9 0.6 0.4
Deferred Revenue 21 20 28 27 21 29 50 23 22 23 51 40 43 24 64 22 20 14 11 8 10 22 45 10 10 9 12 9 11 3.7 12.0 5.0 4.5 4.0 3.5 4.7 3.5 4.7 11.7 6.1 3.6 6.2 6.3 6.2 8.8 10.3 4.6 2.9 3.0 3.0 3.5 3.6 3.8 3.2 3.0 3.0 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
Other Current Liabilities 189 121 359 329 68 18 145 90 208 130 110 79 82 127 130 100 107 134 103 74 73 78 93 64 62 95 180 136 169 89.2 75.0 61.0 55.9 74.1 71.8 57.6 56.2 75.2 53.7 5.1 31.7 18.4 10.8 32.2 35.2 9.9 28.9 16.5 20.6 16.1 15.0 14.1 21.5 11.5 6.4 6.6 16.9 18.2 19.8 21.0 21.9 20.7 19.3 15.3 21.4 15.4 21.2 14.5 18.4 14.9 21 15.4 20.6 17.8 8.2 7 7.4 7 5.2 4.7 4.8 6.3 3.4 2.2 1.6 1.5 1.6 2.2
Total Current Liabilities 437 516 519 549 533 527 508 331 424 395 414 357 424 409 446 374 363 384 280 223 249 255 344 297 243 246 292 233 268 150.4 120.5 154.2 100.6 131.3 115.9 99.2 92.5 119.4 97.6 74.0 92.1 52.8 63.9 75.1 81.0 64.2 65.8 31.2 40.7 44.7 31.8 42.6 46.1 29.7 31.5 27.5 28.9 26.4 26.9 25.0 28.4 29.2 25.3 17.5 23.2 21.4 28.8 18.5 23 18.6 24.8 19.6 24.6 23.9 14.8 10.9 12.3 13.7 10.8 10.2 9.4 9.7 6.7 3.7 4.9 5.4 3.5 3.5
Non-Current Liabilities
Long-Term Debt 5,746 5,742 6,352 5,580 5,589 5,601 5,870 6,125 6,139 6,145 6,171 6,197 6,147 6,440 6,590 6,690 6,740 6,740 3,981 3,979 3,976 3,974 3,706 3,703 3,700 3,697 3,881 3,881 3,882 2,549.2 1,800.2 1,799.2 1,830.4 1,831.0 1,831.6 1,832.2 1,748.7 1,756.7 1,755.7 1,705.4 1,631.9 841.8 781.7 783.7 787.8 790.3 918.1 656.5 654.8 656.8 657.4 657.4 658.5 378.7 370.2 368.2 367.7 374.7 372.7 380.3 376.3 381.4 285.4 291.3 282.9 270.2 262.6 226.3 220.9 226.7 221.1 181.3 170.2 173.2 181.5 82.8 86.9 51.5 52.5 52.3 51.6 51.6 30.1 8.6 5.7 7.3 8.8 9.1
Deferred Tax Liabilities 1,300 1,300 1,310 1,312 1,331 1,347 1,344 1,349 1,353 1,359 1,397 1,448 1,458 1,454 1,468 1,471 1,471 1,471 994 905 894 885 852 824 820 810 780 760 743 284.9 279.9 272.5 267.4 261.7 438.0 427.6 380.9 373.8 369.9 368.9 357.4 141.4 141.1 142.2 138.0 140.9 263.9 227.5 221.2 217.7 178.8 175.1 174.8 56.9 67.0 69.1 70.3 72.9 72.6 73.0 73.6 75.4 42.1 43.1 43.6 44.1 41.3 1.3 1.1 1.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 16 18 (729) 18 18 72 67 60 54 51 31 27 33 15 32 37 42 43 61 66 66 75 56 54 57 60 51 53 56 41.7 42.1 42.5 43.2 44.0 39.2 38.7 39.3 40.5 39.9 408.9 396.0 91.6 157.0 148.5 125.9 141.3 286.5 3.0 4.2 (174.3) 7.6 8.5 (126.8) 1.9 3.1 3.3 3.1 6.8 7.2 3.4 3.7 4 5.7 5.7 6 6.6 6.8 5.9 5.8 6.3 8.1 7.8 7.9 6.4 7.8 5 4.6 4 4.3 4 4 2.5 2.6 2.8 2.8 3.2 3.6 3.3
Total Non-Current Liabilities 7,119 7,119 6,994 6,972 7,001 7,082 7,343 7,598 7,611 7,624 7,669 7,743 7,710 7,977 8,155 8,261 8,317 8,317 5,087 5,000 4,987 4,985 4,668 4,635 4,633 4,612 4,759 4,755 4,748 2,875.9 2,122.2 2,114.3 2,141.0 2,136.7 2,308.8 2,298.5 2,168.9 2,171.1 2,165.5 2,114.3 2,027.9 1,077.1 1,083.8 1,077.0 1,054.7 1,077.0 1,208.5 926.3 919.6 917.8 883.0 880.3 881.2 476.6 440.3 440.6 441.1 454.4 452.4 456.7 453.6 460.8 333.2 340.1 332.5 320.9 310.7 233.5 227.8 234.2 229.2 189.1 178.1 179.6 189.3 87.8 91.5 55.5 56.8 56.3 55.6 54.1 32.7 11.4 8.5 10.5 12.4 12.4
Total Liabilities 7,556 7,635 7,513 7,521 7,534 7,609 7,851 7,929 8,035 8,019 8,083 8,100 8,134 8,386 8,601 8,635 8,680 8,701 5,367 5,223 5,236 5,240 5,012 4,932 4,876 4,858 5,051 4,988 5,016 3,026.3 2,242.7 2,268.5 2,241.7 2,268.0 2,424.7 2,397.8 2,261.5 2,290.5 2,263.1 2,188.2 2,120.0 1,129.9 1,147.7 1,152.1 1,135.7 1,141.3 1,274.3 957.6 960.3 962.6 914.8 922.8 927.3 506.4 471.7 468.1 469.9 480.8 479.3 481.7 482.0 490 358.5 357.6 355.7 342.3 339.5 252 250.8 252.8 254 208.7 202.7 203.5 204.1 98.7 103.8 69.2 67.6 66.5 65 63.8 39.4 15.1 13.4 15.9 15.9 15.9
Stockholders' Equity
Common Stock 1,285 1,277 1,272 1,267 1,262 1,255 1,250 1,245 1,239 1,224 1,218 1,213 1,206 1,195 1,190 1,184 1,178 1,166 1,161 1,158 1,154 1,144 1,140 1,135 1,132 1,124 1,118 1,113 1,110 933.8 932.2 930.5 929.3 927.2 684.2 682.7 681.2 679.9 678.6 677.3 676.1 479.6 454.0 453.8 453.1 452.8 447.3 410.7 409.8 407.7 404.0 407.2 405.9 139.3 137.6 128.0 127.8 127.2 127.1 127.1 127.1 127.1 77.5 0 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 1,164 1,205 1,237 1,268 1,345 1,375 1,227 1,152 1,151 1,084 1,114 1,175 1,191 1,242 1,076 988 910 869 861 899 880 862 651 542 544 504 423 377 343 372.5 284.2 222.3 181.6 161.7 (3.9) (19.2) (89.8) (101.4) (137.2) (137.0) (154.6) (318.9) (313.0) (303.7) (287.2) (276.5) (50.6) (4.4) (14.3) (17.5) (24.6) (29.8) (28.2) (30.3) 10.0 20.6 23.3 28.8 29.2 30.9 32.9 37.4 39.7 42.1 43.7 45.7 46 4.7 4.5 6.6 7.6 9.7 9.6 10.5 10.1 10.5 9.1 8.8 9.2 (1.4) 8.6 8.2 7.4 6.6 6.1 5.2 5 4.7
Accumulated Other Comprehensive Income (4) (4) (28) (31) (31) (30) (30) (25) (23) (23) (17) (15) (23) (12) (27) (27) (27) (27) (39) (39) (39) (39) (31) (31) (31) (31) (26) (26) (23) (21.4) (22.2) (22.2) (22.2) (22.2) (17.6) (17.6) (17.6) (17.6) (17.3) (17.3) (17.3) (5.4) (5.7) (9.3) (19.8) (21.9) (8.7) (1.3) (1.5) (1.5) (0.8) (0.7) (86.1) (81.5) (68.3) (0.1) (0.1) (55.7) (51.8) (47.6) (43.4) (39.4) (37) (34) (31.2) (28.5) (25.7) (26.3) (24.2) (23.6) (21.9) (21.9) (19.9) (18.2) (17.6) (21.4) (21.4) (20.6) (19.9) (19.2) (18.6) (18) (17.5) (17) (16.8) 0 0 0
Total Stockholders' Equity 2,763 2,805 2,808 2,831 2,904 2,933 2,780 2,705 2,700 2,621 2,652 2,710 2,711 2,766 2,582 2,488 2,454 2,407 2,412 2,447 2,424 2,403 2,212 2,108 2,152 2,114 2,053 2,013 1,979 1,187.2 1,096.5 1,033.0 991.0 992.9 588.9 572.1 504.1 492.9 458.1 457.0 438.1 108.1 88.1 93.6 99.0 107.2 341.0 379.1 368.1 362.8 370.3 368.3 369.4 100.7 143.9 148.8 151.2 156.0 161.2 162.7 164.3 168.2 120.8 123.2 124.5 126.7 131.7 91.7 91.5 92.3 93 95.3 96 95.2 97.7 13.8 9.7 9 8 7.4 6.1 5 7.5 10 7.4 6.5 6.3 6
Total Liabilities & Equity 10,319 10,440 10,321 10,352 10,438 10,542 10,631 10,634 10,735 10,640 10,735 10,810 10,845 11,152 11,183 11,123 11,134 11,108 7,779 7,670 7,660 7,643 7,224 7,040 7,028 6,972 7,104 7,001 6,995 4,213.4 3,339.2 3,301.4 3,232.7 3,260.9 3,013.6 2,969.8 2,765.5 2,783.3 2,721.2 2,645.3 2,558.1 1,238.0 1,235.8 1,245.7 1,234.7 1,248.4 1,615.3 1,336.6 1,328.4 1,325.3 1,285.1 1,291.1 1,296.7 607.0 615.7 616.9 621.2 636.8 640.5 644.3 646.4 658.2 479.3 480.8 480.2 469 471.2 343.7 342.3 345.1 347 304 298.7 298.7 301.8 112.5 113.5 78.2 75.6 73.9 71.1 68.8 46.9 25.1 20.8 22.4 22.2 21.9
Debt Metrics
Total Debt 5,813 5,813 6,425 5,662 5,715 5,693 5,965 6,212 6,229 6,240 6,267 6,294 6,245 6,533 6,680 6,777 6,828 6,827 4,040 4,037 4,035 4,032 3,767 3,764 3,763 3,748 3,949 3,962 3,970 2,549.2 1,800.2 1,836.2 1,836.8 1,837.4 1,838.0 1,838.6 1,754.3 1,756.7 1,755.7 1,705.4 1,636.2 846.8 803.1 791.8 795.8 811.4 925 660.6 655.0 665.9 661.7 664.8 668.8 378.8 375.1 369.7 370.1 378.5 377.9 380.6 379.6 385.6 290.2 292.7 283.3 273.7 267.3 226.9 221.5 227.1 221.5 181.6 170.3 173.3 184.9 83.5 88.4 54.4 55.7 54.8 53.6 52.9 31.8 9 7.8 10.2 9.4 9.5
Net Debt 5,554 5,445 6,243 5,463 5,505 5,558 5,896 6,137 6,095 6,219 6,246 6,258 6,189 6,472 6,536 6,615 6,581 6,638 3,718 3,252 3,216 3,259 3,300 3,385 3,467 3,536 3,623 3,711 3,745 1,882.2 1,249.3 1,325.7 1,393.4 1,375.0 1,665.2 1,796.3 1,730.7 1,431.6 1,525.3 1,529.0 1,515.5 831.1 789.4 775.8 786.1 796.6 923.8 628.8 630.3 653.9 646.9 642.5 655.9 359.7 372.4 368.0 369.0 376.3 376.1 379.1 377.7 383.8 286.3 287.6 281 271.8 265.4 224.2 220.4 224.7 219.7 181.1 169.9 172.2 179.3 82.2 86.3 53.8 55.4 54.6 53.3 52.3 31.3 8.6 7.4 9.9 8.8 9.1
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 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 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income (20) (10) (10) (56) (9) 169 96 22 88 (9) (40) 4 (31) 186 108 99 62 29 (17) 39 39 224 122 11 53 94 59 44 (18) 88.3 61.9 40.7 19.9 165.6 15.3 70.6 10.5 35.8 (0.2) 17.7 9.0 1.7 3.4 2.1 12.2 5.5 1.3 5.6 7.0 0.2 4.0 3.1 3.1 (38.0) (1.4) (4.6) (2.2) 0.1 (1.1) (1.4) (3.8) (1.7) (2) (1) (1.6) 0.5 41.8 0.9 (1.5) (0.4) (1.2) 0.7 (0.5) 1 2.9 1.4 0.4 (0.3) 0 0.8 0.4 1 0.8 0.6 0.4 0.5 0.3 1.1
Depreciation & Amortization 71 66 63 66 69 75 67 74 74 94 93 95 94 96 96 95 101 76 54 60 63 64 62 57 56 58 59 58 59 23.8 23.7 24.0 24.5 25.4 24.8 24.5 23.4 20.9 20.5 20.7 19.4 10.5 9.5 9.4 9.5 9.4 9.7 10.5 10.4 10.2 7.7 5.4 5.4 5.4 8.9 9.7 9.6 9.6 9.5 9.5 9.4 9.7 7.3 7.1 6.9 6.8 6.4 5.5 4.8 5.4 5 4.4 4.3 4.3 2.3 2.3 2 2.8 1 0.5 1.3 1.3 1.3 0.4 0.4 0.3 1.3 0.7
Stock-Based Compensation 0 5 5 5 7 5 0 6 6 16 5 7 2 14 6 6 6 10 0 3 5 3 5 8 8 2 5 2 7 1.6 1.6 1.2 2.2 4.0 1.5 1.4 1.3 1.3 1.3 1.3 1.3 0 0 0 0 0 0.6 0 0 0 3.4 0 0.2 0 0 0 0 0 0 0 0 0 0 0 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 (48) 45 (50) 13 83 123 120 (86) 23 (3) 60 (60) 328 (58) 72 (6) (3) (74) (3) (22) 46 (165) (24) 108 18 (27) 24 (16) (5) 60.8 (21.9) 17.6 (32.4) 17.9 5.9 (1.8) (41.3) 29.6 6.6 (33.6) (2.0) 6.6 (13.0) 8.8 (9.2) 7.6 (8.7) 7.9 (14.4) 13.8 (9.8) 6.1 (5.1) 4.4 (3.0) 2.8 (3.1) (2.4) 1.8 (5.9) 5.4 (0.3) 5.2 (6) 4.5 (5.8) 7.9 (4.9) 5.2 (4.8) 2.8 (6.4) 2.5 5.9 (2) 0.1 1.1 0.7 (1.1) 0.1 (0.9) 0.1 0.2 0.3 0.2 (1) 0.3 0.1
Other Non-Cash Items (2) 25 8 22 (2) (7) 16 6 (117) 19 39 15 11 11 (12) (5) (25) (20) 51 (1) (6) 4 (12) (12) (13) (18) (19) (16) (22) (16.5) (9.5) (5.5) (5.5) (5.7) (2.7) (81.5) (1.8) (5.9) 28.7 (1.7) (5.3) (2.2) 1.2 (2.3) (2.9) (2.1) (1.1) (2.5) (2.7) (1.5) 2.3 (2.0) (1.7) 32.1 (0.8) (0.7) (1.1) (1.8) 1.2 (3.6) (1.4) 0.2 (0.2) (0.1) 0.2 (1.4) (71.2) (0.9) (0.1) (0.7) (1) (0.9) 0.1 (1.2) (6.7) (0.5) (0.7) (2) 0.9 1.4 1.1 (0.4) (0.1) 0.5 0 0.1 (0.9) (1.5)
Operating Cash Flow 1 112 14 31 132 368 297 18 68 83 106 47 412 233 266 189 141 17 46 91 147 164 181 176 131 130 150 81 24 137.1 88.7 83.0 14.4 65.7 55.2 59.6 (0.5) 104.7 57.9 15.8 28.3 17.6 2.9 18.8 15.8 23.9 10.6 24.6 4.1 23.0 9.9 14.0 3.1 0.3 3.5 5.0 1.9 6.0 8.5 0.5 7.8 6.1 8.2 (1.4) 7.9 0.4 11.3 0.8 7.6 (0.9) 5.1 (1.7) 7.2 10 (4.7) 3.7 3.1 1.7 1.1 2.8 2 2.1 2.1 1.8 1 0 1 0.4
Investing Activities
Capital Expenditure (19) (43) (25) (25) (15) (40) (40) (29) (34) (60) (75) (103) (110) (138) (139) (112) (47) (53) (33) (108) (13) (40) (19) (24) (27) (37) (29) (26) (18) (35.1) (15.0) (13.6) (6.3) (13.1) (11.0) (6.4) (4.0) (10.4) (19.8) (7.5) (5.9) (9.7) (10.4) (6.7) (7.6) (8.2) (6.3) (8.4) (3.8) (3.7) (3.6) (3.3) (2.9) (5.2) (2.4) (2.6) (1.9) (1.2) 1.5 (3.7) (2.2) (103.5) (1.9) (2.1) (18.9) (3.9) (122.1) (3.1) (2.7) (2.8) (0.8) (2.6) (4.2) (1.8) (0.3) (0.5) (0.8) (0.8) (0.6) (0.9) (1) (0.5) (0.5) (0.5) (0.3) (0.3) (1.2) (0.4)
Acquisitions (68) 0 0 1 (9) (4) 1 (1) (3) (2) (5) (3) (4) (5) (20) (38) (7) (2,818) (442) (2) (40) (54) (62) (22) (1) 14 (32) (16) (2,556) 12.9 (0.9) (1.6) (2.5) (0.4) (3.0) (125.0) (277.9) (0.5) (1.3) (20.6) (416.2) (5.7) (0.1) (13.8) (0.4) (0.7) (0.0) 6.4 (1.5) (5.7) (554.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (5) 0 0 (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 10 0 2 21 1 0 0 0 110 0 0 0 0 0 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 14 3 4 8 6 (1) 0 7 30 8 14 19 2 (2) 2 1 1 0 6 (20) 12 11 11 4 13 14 5 12 8.2 4.5 1.0 1.0 0.0 90.8 11.6 (11.5) 1.1 0.0 (0.1) 2.0 1.3 (0.3) 0.3 0.9 0.0 (2.1) (7.5) 0.1 (0.4) 8.7 (3.3) (5.6) 168.5 (178.8) 0.3 (0.1) (0.6) (1.6) (0.5) 0.2 2.2 (0.9) (1.6) (0.1) 1.7 77 (0.8) (1.4) (1) (41.1) (4.7) (0.3) (9.8) (165) (1) (35.2) (1.2) (1.2) (2) (1.2) (19.4) (19.3) (2) (0.1) (0.1) 1.1 3
Investing Cash Flow (77) (29) (20) 1 (15) (38) (40) (30) 80 (32) (72) (92) (95) (141) (161) (148) (53) (2,870) (487) (104) (73) (82) (70) (35) (24) (10) (47) (37) (2,562) (13.9) (11.4) (14.3) (7.8) (13.5) 76.9 (119.8) (293.4) (9.8) (21.1) (28.3) (420.2) (14.1) (10.8) (20.2) (7.1) (8.9) (8.4) (9.6) (5.2) (9.8) (549.1) (6.6) (8.5) 163.3 (181.2) (2.3) (2.0) (1.8) (0.1) (4.3) (2.0) (101.3) (2.8) (3.7) (19) (2.2) (45.1) (3.9) (4.1) (3.8) (41.9) (7.3) (4.5) (11.6) (165.3) (1.5) (36) (2) (1.8) (2.9) (2.2) (19.9) (19.8) (2.5) (0.4) (0.4) (0.1) 2.6
Financing Activities
Net Debt Issuance (2) 126 35 (21) (17) (242) (242) 14 (4) (29) (28) 46 (299) (154) (103) (54) (4) 2,800 (1) 0 0 275 0 0 0 (200) (4) (3) 1,396 750 (37) (1) (1.6) (1.4) (1.6) 83.4 (1.4) (27.5) 28.5 76.1 423.9 (2.5) (19.5) (1.0) 0.9 (1.0) (0.0) 0.5 (1.2) (1.8) 274.9 (0.1) (12.6) (160.0) 181.2 1.7 0.7 1.9 (7.6) 3.9 (5.1) 95.9 (5.9) 8.4 12.6 7.4 36.3 5.4 (5.6) 5.4 39.9 10.4 (3) 0 98.1 (3.1) 34.1 (1.4) 1.2 0.7 0.7 21.7 21.7 1 (0.3) 0.3 (1.1) (3.3)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (51) (5) (30) 0 0 (6) (16) (10) (43) (6) (21) (11) (2) (2) 0 0 0 (19.6) 0 0 (4) (1.8) (2) 0 0 (1.5) (0.5) 0 (5.2) 0 0 (0.0) (17.6) (4.8) (0.1) 0 0 0 0 0 0 0 (5) 0 0 (0.1) 0 0 0 (0.3) (5.3) (2.6) 0 0 0 (2.4) 0 0 0 0 0 0 0 0 0 0 (3.3) 0 0 0 0 0 0
Dividends Paid (22) (22) (21) (21) (21) (21) (21) (21) (21) (21) (21) (20) (20) (20) (20) (21) (21) (21) (21) (20) (21) (13) (13) (13) (13) (13) (13) (13) 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.3) (2.3) (8.1) (2.3) (2.3) (1.8) (1.8) (1.8) (1.8) (1.8) (1.2) (0.9) (0.5) (0.5) (0.9) 0 (0.6) (0.5) (0.5) (0.6) (0.6) (0.4) (0.5) (0.8) (0.5) (0.4) (0.3) (0.4) (0.3) (0.4) (0.3) (0.4) (0.1) (0.1) (0.1) (0.1) 0 (0.1) (0.1) (0.1) (0.1) (0.1) 0 (0.1) (0.1) (0.1) 0
Other Financing Activities (9) (1) (25) (1) (4) (1) 0 (40) (10) (1) 0 (1) (3) (1) 0 (1) 0 (29) 0 (1) (1) (22) 0 (2) (4) 0 0 (2) (52) (5.2) 0 (0.6) (4.4) (0.2) 0.0 (0.4) (6.4) 29.5 (11.3) (7.9) (10.2) (0.5) (1.5) 0.3 (0.8) 0 0.1 (1.2) 0.1 (1.9) (6.5) (2.6) 31.3 (0.4) (5.2) (2.6) 0 0 0 (0.1) 0 (2.3) (0.4) 0 0.1 (0.2) (0.7) (0.2) 0.1 0 (0.5) (1) 0.1 0.1 (0.2) 0.2 0 1.6 (0.4) (0.6) (1.3) (0.5) (3.8) (0.2) (0.2) (0.1) 0.5 (0.3)
Financing Cash Flow (33) 103 (11) (43) (42) (264) (263) (47) (35) (51) (49) 25 (322) (175) (123) (126) (30) 2,720 (22) (21) (28) 224 (23) (58) (23) (234) (28) (18) 1,344 744.8 (37) (1.6) (25.6) 237.3 (1.6) 79.0 (7.8) (0.0) 17.2 68.2 415.2 (5.6) (22.6) (12.4) (1.6) (2.2) (0.5) (19.6) (6.5) (3.8) 533.1 (3.7) 17.7 (160.9) 175.6 (1.8) 0.7 (3.6) (8.1) 3.4 (5.7) 93 (6.7) 7.9 11.6 1.7 33.1 4.7 (4.8) 5.3 38 9.1 (3.3) (2.9) 174.4 (3) 34.4 0.6 0.7 (0.7) (0.7) 17.8 17.8 0.8 (0.6) 0.1 (0.7) (3.6)
Cash Position
Net Change in Cash (109) 186 (17) (11) 75 66 (6) (59) 113 0 (15) (20) (5) (83) (18) (85) 58 (133) (463) (34) 46 306 88 83 84 (114) 75 26 (1,194) 868.0 40.4 67.2 (19.0) 289.5 130.5 18.8 (301.6) 94.8 54.1 55.7 23.3 (2.1) (30.5) (13.9) 7.1 12.7 1.7 (4.6) (7.5) 9.4 (6.2) 3.6 12.3 2.6 (2.1) 1.0 0.6 0.5 0.3 (0.4) 0.0 (2.1) (1.2) 2.8 0.4 (0.1) (0.7) 1.7 (1.3) 0.6 1.2 0.1 (0.6) (4.5) 4.4 (0.8) 1.5 0.3 0 (0.8) (0.9) 0 0.1 0.1 0 (0.3) 0.2 (0.6)
Cash at Beginning 368 182 199 210 135 69 75 134 21 21 36 56 61 144 162 247 189 322 785 819 773 467 379 296 212 326 251 225 1,419 550.9 510.6 443.4 462.4 172.9 42.4 23.5 325.2 230.4 176.3 120.7 97.3 6.2 36.7 50.6 24.7 11.9 10.2 14.8 22.3 12.9 19.1 15.5 3.2 0.6 2.7 1.7 1.1 1.7 1.5 1.8 1.8 3.9 5.1 2.3 1.9 0 2.8 1.1 2.4 0 0.6 0.5 1.1 0 1.3 2.1 0.6 0 0.3 1.1 0.6 0 0.3 0.2 0.3 0.6 0 0.9
Cash at End 259 368 182 199 210 135 69 75 134 21 21 36 56 61 144 162 247 189 322 785 819 773 467 379 296 212 326 251 225 1,418.9 550.9 510.6 443.4 462.4 172.9 42.4 23.5 325.2 230.4 176.3 120.7 4.1 6.2 36.7 31.8 24.7 11.9 10.2 14.8 22.3 12.9 19.1 15.5 3.2 0.6 2.7 1.7 2.2 1.7 1.5 1.8 1.8 3.9 5.1 2.3 (0.1) 2.1 2.8 1.1 0.6 1.8 0.6 0.5 (4.5) 5.7 1.3 2.1 0.3 0.3 0.3 (0.3) 0 0.4 0.3 0.3 0.3 0.2 0.3
Free Cash Flow (18) 69 (11) 6 117 328 257 (11) 34 23 31 (56) 302 95 127 77 94 (36) 13 (17) 134 124 162 152 104 93 121 55 6 102.1 73.7 69.4 8.1 52.6 44.2 53.2 (4.5) 94.3 38.2 8.2 22.3 7.9 (7.5) 12.2 8.2 15.7 4.3 16.2 0.3 19.3 6.3 10.7 0.2 (5.0) 1.1 2.4 (0.0) 4.8 10.0 (3.2) 5.6 (97.4) 6.3 (3.5) (11) (3.5) (110.8) (2.3) 4.9 (3.7) 4.3 (4.3) 3 8.2 (5) 3.2 2.3 0.9 0.5 1.9 1 1.6 1.6 1.3 0.7 (0.3) (0.2) 0
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 768 792 749 772 782 1,045 950 826 823 864 803 813 801 1,072 909 868 827 721 601 547 544 792 604 451 534 579 517 508 518 328.2 279.3 250.3 226.3 233.6 219.0 226.7 203.5 237.6 204.5 196.6 173.7 169.5 151.1 143.5 133.3 177.9 131.7 107.2 91.3 95.6 88.3 84.3 78.2 126.6 102.9 94.7 80.7 84.7 76.5 76.2 69.7 114.6 85.3 75.6 70.5 77.5 66.4 65.1 61.4 94.8 82.6 78.7 71.0 84.3 73.6 79.8 69.7 101.9 80.6 81.4 68.2 33.7 75.1 81.5 71.5 100.6 86.9 84.4 74.7 80.4 76.6 75.8 42.7 42.7 40.0 36.9 47.3 41.6 43.4 38.9
Gross Profit 120 1,891 726 189 185 421 357 247 219 233 228 250 187 475 356 326 271 249 204 184 166 417 270 122 180 223 188 185 127 168.5 134.2 108.4 76.6 82.9 79.5 93.1 70.0 109.1 83.8 79.3 65.2 67.5 52.2 57.0 46.5 91.5 58.5 41.2 30.9 37.0 34.8 32.5 24.7 69.9 50.8 41.9 29.9 35.3 27.8 28.3 21.6 61.7 35.5 29.5 22.9 26.9 20.3 19.9 15.7 43.6 32.7 30.3 21.0 32.0 24.0 30.7 20.9 48.5 33.1 35.9 23.2 19.4 25.1 32.1 23.0 44.6 39.0 38.0 27.9 31.2 31.6 32.4 17.1 15.3 14.8 11.3 13.7 18.8 18.9 14.5
Operating Income 81 116 102 82 92 325 250 152 124 113 84 119 67 363 245 218 164 105 67 108 101 351 212 65 124 180 139 119 40 150.6 108.4 79.7 50.0 55.1 50.0 142.6 43.6 83.9 60.5 53.7 36.1 43.9 29.3 38.8 28.1 72.0 41.2 23.2 17.4 23.3 24.2 21.3 15.1 58.5 41.1 33.0 20.8 26.6 18.2 19.0 11.5 52.2 24.6 18.1 11.9 18.7 10.6 9.0 4.8 (307.4) 20.5 18.7 9.3 19.6 9.9 16.9 7.0 33.3 20.0 23.7 11.0 11.3 13.8 21.5 14.2 33.9 29.6 30.3 19.4 21.2 22.4 23.4 12.3 7.1 6.0 2.5 10.0 8.6 8.5 4.1
Net Income (20) (10) (10) (56) (9) 169 96 22 88 (9) (40) 4 (31) 186 108 99 62 29 (17) 39 39 224 122 11 53 94 59 44 (18) 88.3 61.9 40.7 19.9 165.6 15.3 70.6 10.5 35.8 (0.2) 17.7 9.0 15.0 6.6 12.1 5.6 31.3 13.9 1.6 1.3 5.2 7.1 5.1 0.9 (2.1) 15.9 11.0 3.4 7.6 2.0 2.6 (3.1) 21.9 5.5 0.5 (4.7) (2.0) (5.5) (6.6) (8.9) (206.0) 4.6 3.2 (3.9) 1.5 (4.2) (9.9) (10.5) 8.6 1.4 4.3 (2.6) (3.8) 1.7 3.4 2.1 14.8 11.8 12.2 5.5 1.3 7.0 4.0 3.1 (1.4) (2.2) (5.0) 0.1 (1.1) (1.4) (3.8)
EPS (Diluted) -0.34 -0.24 -0.10 -0.71 -0.23 1.59 0.86 0.09 0.79 -0.24 -0.57 -0.10 -0.34 1.88 1.17 1.05 0.66 0.17 -0.18 0.27 0.27 2.22 1.14 -0.02 0.40 0.81 0.46 0.31 -0.18 1.00 0.69 0.46 0.22 2.13 0.21 0.97 0.14 0.49 -0.00 0.24 0.12 0.21 0.09 0.17 0.10 0.53 0.24 0.03 0.02 0.09 0.12 0.09 0.02 -0.04 0.26 0.17 0.04 0.10 0.03 0.01 -0.05 0.38 0.07 -0.11 -0.10 -0.04 -0.11 -0.14 -0.18 -4.25 0.03 0.06 -0.08 0.03 -0.09 -0.21 -0.22 0.18 0.01 0.07 -0.05 -0.08 0.02 0.05 0.03 0.30 0.22 0.22 0.09 0.03 0.12 0.21 -0.10 -0.09 -0.14 -0.32 0.01 -0.07 -0.09 -0.25
Balance Sheet
Cash & Equivalents 259 368 182 199 210 135 69 75 134 21 21 36 56 61 144 162 247 189 322 785 819 773 467 379 296 212 326 251 225 667.0 550.9 510.6 443.4 462.4 172.9 42.4 23.5 325.2 230.4 176.3 120.7 15.7 13.7 16 9.8 14.9 1.2 31.8 24.7 11.9 14.8 22.3 12.9 19.1 2.7 1.7 1.1 2.2 1.7 1.5 1.8 1.8 3.9 5.1 2.3 1.9 1.9 2.7 1.1 2.4 1.8 0.5 0.4 1.1 5.6 1.3 2.1 0.6 0.3 0.2 0.3 0.6 0.5 0.4 0.4 0.3 0.6 0.4
Total Assets 10,319 10,440 10,321 10,352 10,438 10,542 10,631 10,634 10,735 10,640 10,735 10,810 10,845 11,152 11,183 11,123 11,134 11,108 7,779 7,670 7,660 7,643 7,224 7,040 7,028 6,972 7,104 7,001 6,995 4,213.4 3,339.2 3,301.4 3,232.7 3,260.9 3,013.6 2,969.8 2,765.5 2,783.3 2,721.2 2,645.3 2,558.1 1,238.0 1,235.8 1,245.7 1,234.7 1,248.4 1,615.3 1,336.6 1,328.4 1,325.3 1,285.1 1,291.1 1,296.7 607.0 615.7 616.9 621.2 636.8 640.5 644.3 646.4 658.2 479.3 480.8 480.2 469 471.2 343.7 342.3 345.1 347 304 298.7 298.7 301.8 112.5 113.5 78.2 75.6 73.9 71.1 68.8 46.9 25.1 20.8 22.4 22.2 21.9
Total Debt 5,813 5,813 6,425 5,662 5,715 5,693 5,965 6,212 6,229 6,240 6,267 6,294 6,245 6,533 6,680 6,777 6,828 6,827 4,040 4,037 4,035 4,032 3,767 3,764 3,763 3,748 3,949 3,962 3,970 2,549.2 1,800.2 1,836.2 1,836.8 1,837.4 1,838.0 1,838.6 1,754.3 1,756.7 1,755.7 1,705.4 1,636.2 846.8 803.1 791.8 795.8 811.4 925 660.6 655.0 665.9 661.7 664.8 668.8 378.8 375.1 369.7 370.1 378.5 377.9 380.6 379.6 385.6 290.2 292.7 283.3 273.7 267.3 226.9 221.5 227.1 221.5 181.6 170.3 173.3 184.9 83.5 88.4 54.4 55.7 54.8 53.6 52.9 31.8 9 7.8 10.2 9.4 9.5
Stockholders' Equity 2,763 2,805 2,808 2,831 2,904 2,933 2,780 2,705 2,700 2,621 2,652 2,710 2,711 2,766 2,582 2,488 2,454 2,407 2,412 2,447 2,424 2,403 2,212 2,108 2,152 2,114 2,053 2,013 1,979 1,187.2 1,096.5 1,033.0 991.0 992.9 588.9 572.1 504.1 492.9 458.1 457.0 438.1 108.1 88.1 93.6 99.0 107.2 341.0 379.1 368.1 362.8 370.3 368.3 369.4 100.7 143.9 148.8 151.2 156.0 161.2 162.7 164.3 168.2 120.8 123.2 124.5 126.7 131.7 91.7 91.5 92.3 93 95.3 96 95.2 97.7 13.8 9.7 9 8 7.4 6.1 5 7.5 10 7.4 6.5 6.3 6
Cash Flow
Operating Cash Flow 1 112 14 31 132 368 297 18 68 83 106 47 412 233 266 189 141 17 46 91 147 164 181 176 131 130 150 81 24 137.1 88.7 83.0 14.4 65.7 55.2 59.6 (0.5) 104.7 57.9 15.8 28.3 17.6 2.9 18.8 15.8 23.9 10.6 24.6 4.1 23.0 9.9 14.0 3.1 0.3 3.5 5.0 1.9 6.0 8.5 0.5 7.8 6.1 8.2 (1.4) 7.9 0.4 11.3 0.8 7.6 (0.9) 5.1 (1.7) 7.2 10 (4.7) 3.7 3.1 1.7 1.1 2.8 2 2.1 2.1 1.8 1 0 1 0.4
Capital Expenditure (19) (43) (25) (25) (15) (40) (40) (29) (34) (60) (75) (103) (110) (138) (139) (112) (47) (53) (33) (108) (13) (40) (19) (24) (27) (37) (29) (26) (18) (35.1) (15.0) (13.6) (6.3) (13.1) (11.0) (6.4) (4.0) (10.4) (19.8) (7.5) (5.9) (9.7) (10.4) (6.7) (7.6) (8.2) (6.3) (8.4) (3.8) (3.7) (3.6) (3.3) (2.9) (5.2) (2.4) (2.6) (1.9) (1.2) 1.5 (3.7) (2.2) (103.5) (1.9) (2.1) (18.9) (3.9) (122.1) (3.1) (2.7) (2.8) (0.8) (2.6) (4.2) (1.8) (0.3) (0.5) (0.8) (0.8) (0.6) (0.9) (1) (0.5) (0.5) (0.5) (0.3) (0.3) (1.2) (0.4)
Free Cash Flow (18) 69 (11) 6 117 328 257 (11) 34 23 31 (56) 302 95 127 77 94 (36) 13 (17) 134 124 162 152 104 93 121 55 6 102.1 73.7 69.4 8.1 52.6 44.2 53.2 (4.5) 94.3 38.2 8.2 22.3 7.9 (7.5) 12.2 8.2 15.7 4.3 16.2 0.3 19.3 6.3 10.7 0.2 (5.0) 1.1 2.4 (0.0) 4.8 10.0 (3.2) 5.6 (97.4) 6.3 (3.5) (11) (3.5) (110.8) (2.3) 4.9 (3.7) 4.3 (4.3) 3 8.2 (5) 3.2 2.3 0.9 0.5 1.9 1 1.6 1.6 1.3 0.7 (0.3) (0.2) 0