Hyatt Hotels Corporation logo H - Hyatt Hotels Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 1
BUY 18
HOLD 25
SELL 5
STRONG
SELL 0
| PRICE TARGET: $191.60 DETAILS
HIGH: $219.00
LOW: $171.00
MEDIAN: $193.50
CONSENSUS: $191.60
UPSIDE: 10.02%
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
Revenue
Revenue 1,736 1,798 883 1,808 832 761 762 861 912 869 868 921 951 853 836 843 739 575 395 297 178 153 132 35 460 640 598 670 651 629 585 631 653 657 641 706 696 639 640 685 632 647 613 661 621 659 673 718 658 666 620 689 587 616 593 1,014 958 990 897 936 875 918 879 889 841 889 806 847 789 886 942
Cost of Revenue 1,560 1,598 537 1,434 484 407 429 489 569 529 522 570 596 501 495 504 471 380 239 198 147 147 140 99 306 384 374 397 402 376 362 364 392 417 409 429 440 413 410 422 395 411 393 398 389 430 433 440 423 433 409 421 398 409 390 775 772 791 711 738 717 746 731 706 681 735 677 689 650 713 725
Gross Profit 176 200 346 374 348 354 333 372 343 340 346 351 355 352 341 339 268 195 156 99 31 6 (8) (64) 154 256 224 273 249 253 223 267 261 240 232 277 256 226 230 263 237 236 220 263 232 229 240 278 235 233 211 268 189 207 203 239 186 199 186 198 158 172 148 183 160 154 129 158 139 173 217
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
SG&A Expenses 0 139 138 152 126 136 126 117 169 167 122 134 157 169 108 76 111 116 69 86 95 104 69 101 47 89 83 95 123 60 82 83 95 92 89 90 99 78 74 75 88 87 54 73 94 83 77 80 87 87 77 75 84 78 75 70 93 84 58 71 70 81 68 58 69 73 66 69 53 97 55
Other Expenses 70 (80) 0 107 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 96 86 87 75 72 71 75 68 66 70 71 68 65 65 62 62
Operating Expenses 70 59 138 259 126 136 126 117 169 167 122 134 157 169 108 76 111 116 69 86 95 104 69 101 47 89 83 95 123 60 82 83 95 92 89 90 99 78 74 75 88 87 54 73 94 83 77 80 87 87 77 94 174 192 171 166 179 171 133 143 141 156 136 124 139 144 134 134 118 159 117
Operating Income
Operating Income 106 141 208 115 222 218 207 255 174 173 224 217 198 183 233 263 157 79 87 13 (64) (98) (77) (165) 107 167 141 178 126 193 141 184 166 148 143 187 157 148 156 188 149 149 166 190 138 146 163 198 148 146 134 108 17 46 40 73 7 28 53 55 17 16 12 59 21 10 (5) 24 21 14 100
Interest Expense 65 88 89 74 0 0 50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 17 17 17 17 17 17 17 18 19 17 15 16 17 17 18 17 18 15 15 14 13 14 16 12 12 14 15 11 16 24 23
Interest Income 0 33 31 38 35 38 39 24 22 18 24 15 17 15 14 9 6 7 7 8 6 7 6 6 11 7 6 6 6 9 7 7 5 4 5 4 95 14 2 2 1 10 2 2 2 6 3 3 2 12 4 5 5 6 6 6 5 (17) 0 6 5 0 5 5 5 0 0 0 0 0 0
Profitability
EBITDA 198 176 155 203 206 172 193 244 140 122 214 212 178 167 241 275 141 58 78 4 (81) (134) (88) (185) 85 153 125 164 111 173 148 191 167 144 151 196 142 148 156 188 149 149 166 190 138 146 163 198 148 146 134 193 105 129 128 163 118 (6) 126 121 100 88 76 97 83 75 66 78 84 60 178
EBIT 122 96 73 112 126 96 112 160 48 22 114 113 80 61 145 170 22 (33) 7 (70) (155) (211) (168) (258) 5 72 40 81 31 84 62 107 79 52 59 101 55 60 69 102 68 62 88 114 59 61 72 115 53 56 53 108 17 46 40 74 32 39 23 49 29 13 62 31 36 4 23 (62) 41 (147) 116
Income Before Tax 57 8 (17) 38 52 (48) 608 462 541 9 101 95 105 59 63 312 (71) (102) 258 6 (118) (272) (220) (330) (138) 413 405 105 83 32 256 102 561 442 35 156 89 61 90 88 50 35 45 80 34 261 63 121 80 57 94 167 3 4 20 57 14 24 8 35 16 (1) 46 19 24 (10) 8 (73) 25 (171) 93
Income Tax Expense 16 27 33 42 28 8 137 103 19 (17) 33 27 47 (235) 35 106 2 (73) 138 15 186 (69) (59) (94) (35) 92 109 19 20 (12) 19 25 150 229 16 53 41 20 28 21 16 (2) 20 40 12 79 30 46 24 27 39 55 (5) (11) (3) 18 4 (28) (5) (1) 6 3 17 0 17 3 2 (25) 12 (28) 11
Net Income 38 (20) (49) (3) 20 (56) 471 359 522 26 68 68 58 294 28 206 (73) (29) 120 (9) (304) (203) (161) (236) (103) 321 296 86 63 44 237 77 411 76 16 87 70 41 62 67 34 37 25 40 22 182 32 74 56 32 55 112 8 16 23 39 10 52 14 37 10 6 30 25 5 (12) 5 (50) 12 (140) 137
Per Share Data
EPS (Basic) 0.40 -0.21 -0.51 -0.03 0.21 -0.58 4.75 3.55 5.08 0.25 0.65 0.64 0.55 2.74 0.26 1.87 -0.67 -0.26 1.17 -0.09 -2.99 -2.00 -1.59 -2.33 -1.02 3.13 2.84 0.81 0.60 0.41 2.12 0.67 3.47 0.63 0.14 0.82 0.43 0.32 0.48 0.50 0.25 0.26 0.18 0.28 0.15 1.21 0.21 0.48 0.36 0.21 0.35 0.70 0.05 0.10 0.14 0.24 0.06 0.31 0.08 0.22 0.06 0.03 0.17 0.14 0.03 -0.07 0.03 -0.34 0.11 -1.09 1.07
EPS (Diluted) 0.39 -0.21 -0.51 -0.03 0.20 -0.58 4.63 3.46 4.93 0.25 0.64 0.63 0.53 2.69 0.25 1.84 -0.66 -0.26 1.15 -0.09 -2.99 -2.00 -1.59 -2.33 -1.02 3.08 2.80 0.80 0.59 0.40 2.09 0.66 3.40 0.62 0.14 0.81 0.42 0.32 0.47 0.49 0.25 0.26 0.18 0.27 0.15 1.20 0.21 0.48 0.36 0.20 0.35 0.70 0.05 0.10 0.14 0.24 0.06 0.31 0.08 0.22 0.06 0.03 0.17 0.14 0.03 -0.07 0.03 -0.34 0.11 -1.09 1.07
Shares Outstanding 94.5 95 95.5 95.8 96.0 96.2 99.1 101.1 102.8 103.2 104.3 105.5 106.4 107.2 109.1 110.0 109.0 110.1 102.3 101.9 101.5 101.3 101.3 101.3 101.0 102.7 104.3 105.4 106.0 108.6 111.4 114.6 118.7 120.2 124.0 125.5 129.7 129.7 131.9 134.0 135.1 138 141.9 144.3 147.3 150.1 152.8 154.2 155.4 156.1 156.3 159.8 161.9 161.9 165.5 165.9 165.5 165.5 165.5 169.9 174.2 174.2 174.1 174.1 174.0 168.2 168.2 145.6 128.1 128.1 128.1
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2
Current Assets
Cash & Cash Equivalents 593 788 697 846 1,735 1,011 1,095 1,253 740 881 701 882 948 991 1,223 1,428 1,023 960 2,418 1,144 1,078 1,207 1,778 1,438 1,194 893 660 515 547 570 1,014 628 1,160 503 383 400 374 482 544 642 771 1,179 1,308 1,327 968
Short-Term Investments 78 26 52 66 70 372 39 704 54 15 26 24 103 158 151 527 282 227 357 593 550 675 310 65 68 68 63 62 54 116 217 154 54 49 56 51 52 56 46 49 55 444 0 0 0
Net Receivables 1,117 1,565 930 982 1,239 1,121 960 866 895 883 762 787 828 834 702 699 655 633 373 360 340 316 322 313 365 421 434 497 472 427 436 379 367 350 360 368 367 304 318 330 328 313 0 306 255
Inventory 0 0 9 9 8 8 8 9 9 9 10 10 10 9 9 8 8 10 9 9 9 9 14 11 12 12 12 13 14 14 13 13 13 14 15 15 16 28 16 16 16 129 130 133 134
Other Current Assets 295 0 299 321 169 175 164 191 251 291 196 237 225 219 514 212 576 206 74 82 67 75 54 74 83 284 286 179 180 182 207 541 586 387 374 493 221 229 246 265 233 63 724 54 63
Total Current Assets 2,083 2,379 2,117 2,319 3,283 2,733 2,316 3,084 2,007 2,130 1,751 1,990 2,150 2,250 2,634 2,892 2,597 2,062 3,239 2,474 2,332 2,563 2,638 1,938 1,753 1,706 1,476 1,304 1,302 1,345 1,943 1,727 2,196 1,327 1,268 1,363 1,048 1,139 1,219 1,347 1,462 2,211 2,162 1,989 1,529
Non-Current Assets
Property, Plant & Equipment 0 328 2,065 2,073 2,031 2,017 1,973 2,425 2,601 2,709 2,739 2,767 2,755 2,769 2,731 2,663 2,936 3,294 3,331 3,586 3,617 3,600 3,663 3,710 3,773 3,949 4,007 4,120 4,112 3,608 3,570 3,376 3,572 4,034 4,243 4,239 4,472 4,270 3,971 3,959 4,023 3,414 3,454 3,585 3,616
Goodwill 3,450 0 3,448 3,450 2,462 2,541 2,277 2,272 2,273 3,205 3,202 3,205 3,143 3,101 3,120 3,080 3,006 2,965 288 288 288 288 288 288 326 326 322 322 320 283 132 152 154 150 152 145 147 125 127 128 129 113 0 113 120
Intangible Assets 2,164 5,683 2,265 2,314 2,295 2,167 1,526 1,561 1,565 1,670 1,728 1,785 1,813 1,668 1,749 1,810 1,880 1,977 363 369 378 385 412 418 427 437 453 471 481 628 296 294 305 683 682 671 658 599 591 541 546 279 262 284 276
Long-Term Investments 192 3,363 1,272 1,266 1,384 1,341 1,397 1,155 1,163 993 953 958 915 833 830 867 908 954 999 1,011 1,015 980 935 919 865 843 773 750 738 735 747 731 724 750 199 181 169 186 306 308 332 208 222 223 224
Other Non-Current Assets 6,014 1,765 4,044 3,988 2,053 2,059 1,938 1,824 1,676 1,768 1,632 1,591 1,566 1,434 1,327 1,326 1,348 1,337 1,242 1,218 1,124 1,106 1,046 1,084 955 1,012 951 943 909 864 887 883 887 865 1,019 1,012 966 1,117 1,115 1,125 1,102 869 1,054 867 834
Total Non-Current Assets 11,820 11,657 13,588 13,588 10,719 10,591 9,549 9,673 9,712 10,703 10,566 10,599 10,468 10,062 9,768 9,758 10,092 10,541 6,238 6,488 6,437 6,566 6,587 6,642 6,545 6,711 6,653 6,778 6,733 6,298 5,781 5,589 5,791 6,345 6,593 6,538 6,715 6,610 6,428 6,359 6,437 4,959 4,992 5,166 5,210
Total Assets 13,903 14,036 15,705 15,907 14,002 13,324 11,865 12,757 11,719 12,833 12,317 12,589 12,618 12,312 12,402 12,650 12,689 12,603 9,477 8,962 8,769 9,129 9,225 8,580 8,298 8,417 8,129 8,082 8,035 7,643 7,724 7,316 7,987 7,672 7,861 7,901 7,763 7,749 7,647 7,706 7,899 7,170 7,154 7,155 6,739
Current Liabilities
Account Payables 612 0 360 476 560 475 346 488 539 493 369 486 544 500 402 554 546 523 109 110 102 102 101 93 133 150 144 149 174 151 127 130 131 136 151 159 155 162 127 144 135 204 196 196 291
Short-Term Debt 605 41 407 407 406 456 455 1,201 751 751 6 46 648 660 654 6 6 10 10 260 260 260 260 9 360 11 11 91 131 11 11 11 11 11 352 241 299 119 19 19 265 59 0 12 17
Deferred Revenue 0 0 1,332 1,451 1,565 1,553 1,298 1,392 1,464 1,598 1,350 1,442 1,495 1,438 1,219 1,280 1,285 1,178 306 311 281 282 246 248 291 445 404 400 395 388 332 335 334 348 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 2,231 0 347 300 151 192 186 161 152 227 182 162 146 235 201 144 331 187 116 108 100 111 103 97 90 144 137 127 108 150 131 140 109 145 133 123 103 129 121 110 96 0 284 0 94
Total Current Liabilities 3,448 41 3,084 3,294 3,345 3,274 2,936 3,744 3,382 3,578 2,408 2,621 3,347 3,287 2,957 2,411 2,520 2,232 876 1,017 950 984 970 701 1,183 1,086 1,044 1,114 1,105 1,061 897 916 1,051 966 1,200 1,073 1,109 924 832 824 1,012 563 480 495 574
Non-Current Liabilities
Long-Term Debt 3,675 4,514 5,607 5,627 3,922 3,326 2,687 2,684 2,304 2,305 3,049 3,053 2,454 2,453 3,150 3,798 3,815 3,968 2,978 2,986 2,982 2,984 2,981 2,491 1,602 1,612 1,612 1,621 1,621 1,623 1,622 1,429 1,439 1,440 1,444 1,446 1,445 1,445 1,447 1,455 1,441 1,546 1,625 1,620 595
Deferred Tax Liabilities 214 216 238 239 225 171 48 46 48 66 82 85 73 72 76 79 96 93 78 73 66 48 49 45 45 47 47 48 48 54 42 42 64 62 684 669 652 57 612 604 607 0 0 0 0
Other Non-Current Liabilities 1,709 5,361 1,759 1,706 1,649 1,639 1,432 1,392 1,323 1,285 1,213 1,219 1,182 1,005 999 993 1,005 1,046 930 943 841 863 839 821 761 837 799 785 774 786 795 799 808 801 1,178 1,152 1,123 1,052 1,083 1,063 1,084 0 0 0 670
Total Non-Current Liabilities 6,904 10,336 8,813 8,726 6,895 6,224 5,229 5,160 4,677 5,688 6,320 6,283 5,575 5,323 5,999 6,627 6,645 6,805 5,012 5,036 4,931 4,931 4,902 4,386 3,407 3,364 3,324 3,321 3,302 2,905 2,892 2,699 2,742 3,165 2,994 2,976 2,925 2,917 2,898 2,874 2,887 1,546 1,625 1,620 1,265
Total Liabilities 10,352 10,377 11,897 12,020 10,240 9,498 8,165 8,904 8,059 9,266 8,728 8,904 8,922 8,610 8,956 9,038 9,165 9,037 5,888 6,053 5,881 5,915 5,872 5,087 4,590 4,450 4,368 4,435 4,407 3,966 3,789 3,615 3,793 4,131 4,194 4,049 4,034 3,841 3,730 3,698 3,899 2,109 2,105 2,115 1,839
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2
Retained Earnings 3,382 3,482 3,603 3,667 3,684 3,815 3,886 4,082 3,853 3,738 3,784 3,732 3,680 3,622 3,328 3,300 3,094 3,167 3,196 3,076 3,085 3,389 3,592 3,753 3,989 4,170 4,003 3,853 3,831 3,819 3,791 3,571 3,511 2,742 2,666 2,650 2,563 2,493 2,452 2,390 2,323 1,368 1,343 1,338 1,345
Accumulated Other Comprehensive Income (155) (134) (135) (134) (224) (269) (190) (233) (197) (175) (224) (206) (223) (242) (290) (265) (231) (245) (241) (218) (237) (192) (250) (267) (285) (209) (248) (212) (210) (200) (202) (276) (230) (185) (172) (172) (202) (277) (227) (207) (210) (69) (49) (53) (64)
Total Stockholders' Equity 3,228 3,334 3,484 3,561 3,461 3,547 3,697 3,850 3,657 3,564 3,586 3,682 3,693 3,699 3,443 3,609 3,521 3,563 3,586 2,906 2,885 3,211 3,350 3,490 3,705 3,962 3,756 3,642 3,622 3,670 3,929 3,695 4,188 3,525 3,651 3,837 3,714 3,903 3,913 4,004 3,996 5,039 5,026 5,016 4,874
Total Liabilities & Equity 13,903 14,036 15,705 15,907 14,002 13,324 11,865 12,757 11,719 12,833 12,317 12,589 12,618 12,312 12,402 12,650 12,689 12,603 9,477 8,962 8,769 9,129 9,225 8,580 8,298 8,417 8,129 8,082 8,035 7,643 7,724 7,316 7,987 7,672 7,861 7,901 7,763 7,749 7,647 7,706 7,899 7,170 7,154 7,155 6,739
Debt Metrics
Total Debt 4,514 4,800 6,300 6,325 4,607 4,060 3,427 4,168 3,344 3,370 3,371 3,429 3,435 3,450 4,133 4,133 4,178 4,362 3,378 3,643 3,632 3,650 3,663 2,913 2,378 2,048 2,051 2,153 2,191 1,634 1,633 1,440 1,450 1,451 1,796 1,687 1,744 1,564 1,466 1,474 1,706 1,605 1,625 1,632 612
Net Debt 3,921 4,012 5,603 5,479 2,872 3,049 2,332 2,915 2,604 2,489 2,670 2,547 2,487 2,459 2,910 2,705 3,155 3,402 960 2,499 2,554 2,443 1,885 1,475 1,184 1,155 1,391 1,638 1,644 1,064 619 812 290 948 1,413 1,287 1,370 1,082 922 832 935 426 317 305 (356)
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 41 (20) (49) (3) 24 (56) 471 359 522 26 68 68 58 294 28 206 (73) (29) 120 (9) (304) (203) (161) (236) (103) 321 296 86 63 44 237 77 411 76 19 103 55 41 62 67 34
Depreciation & Amortization 85 89 83 91 88 84 90 93 92 100 109 109 107 116 96 113 119 98 77 80 82 85 87 81 88 116 96 91 89 84 81 79 83 92 88 86 87 88 87 86 81
Stock-Based Compensation (23) 13 0 (54) 31 9 9 15 0 0 14 15 31 14 0 13 0 10 8 9 32 4 4 3 17 3 5 6 21 0 5 5 18 0 0 0 0 0 0 0 0
Change in Working Capital (4) 372 (101) 64 (64) 188 (148) (17) 139 316 (118) (73) 77 199 (162) 67 66 72 348 15 (47) (75) (76) (117) (136) 113 29 (12) (133) 68 (51) (185) 63 157 (17) 24 (29) 18 (16) 13 (63)
Other Non-Cash Items 28 (141) 47 (214) 98 38 (432) (270) (514) (71) 19 35 (29) (100) 56 (194) 61 (35) (293) (65) (54) 41 19 47 79 (427) (359) (8) (28) 39 (175) 2 (511) (155) 29 (52) 44 (22) (7) 23 0
Operating Cash Flow 100 313 (20) (117) 153 235 (15) 177 239 371 55 146 225 271 18 203 173 106 267 33 (91) (148) (133) (230) (100) 122 95 166 13 209 102 (24) 54 159 118 169 150 142 112 188 51
Investing Activities
Capital Expenditure (23) (77) (69) (44) (30) (51) (43) (42) (34) (64) (54) (50) (30) (59) (38) (61) (43) (46) (28) (18) (19) (18) (16) (33) (55) (125) (98) (80) (66) (102) (74) (61) (60) (86) (79) (83) (50) (71) (55) (47) (38)
Acquisitions 0 0 15 (1,272) (38) (538) (50) (41) 214 (7) 6 (54) (156) 15 (122) 21 (42) (2,607) (11) (129) (100) (8) (7) (24) (21) (7) (21) 12 (22) (396) (275) (18) 2 0 (60) (13) (53) (161) (93) (238) 0
Purchases of Investments (96) 0 (159) (183) (172) (454) (308) (703) (316) (105) (148) (195) (35) (172) (118) (467) (195) (100) (90) (180) (423) (521) (322) (190) (110) (154) (86) (43) (67) (93) (133) (342) (97) (126) (114) (140) (111) (175) (153) (143) (100)
Sales/Maturities of Investments 0 0 149 142 481 134 976 53 175 117 151 222 86 174 499 224 163 238 339 140 523 143 92 198 109 94 90 42 123 198 79 243 104 341 112 133 119 138 167 178 106
Other Investing Activities (3) 1,621 (3) (2) (2) 7 714 385 37 (2) (11) (12) (14) 28 8 594 7 5 481 265 (12) (14) (21) (8) 90 479 508 13 (7) 55 341 17 986 486 (3) 289 (1) (17) 63 239 20
Investing Cash Flow (122) 1,544 (67) (1,359) 239 (902) 1,289 (348) 76 (61) (66) (89) (149) (14) 229 311 (110) (2,510) 691 78 (31) (418) (274) (57) 13 287 393 (56) (39) (338) (62) (161) 935 494 (144) 186 (96) (286) (71) (11) (12)
Financing Activities
Net Debt Issuance (1) (1,664) (23) 618 539 593 (747) 829 (1) (1) (43) (6) (14) (694) (1) (16) (1) 989 (256) (1) (1) (1) 741 540 349 (2) (85) (41) 119 (1) 188 (1) (1) (341) 104 (52) 177 97 (6) (240) 331
Stock Repurchased (135) (117) (30) 0 (149) (11) (657) (134) (388) (95) (144) (108) (106) (106) (162) (101) 0 0 0 0 0 0 0 0 (69) (141) (133) (45) (102) (292) (66) (513) (75) (188) (207) 0 (348) (4) (137) (68) (63)
Dividends Paid (14) (14) (15) (14) (14) (14) (15) (16) (15) (15) (16) (16) 0 0 0 0 0 0 0 0 0 0 0 0 (20) (20) (20) (20) (20) (16) (17) (17) (18) 0 0 0 0 0 0 0 0
Other Financing Activities (24) (26) (1) (8) (36) (2) (2) 2 (40) (1) 0 0 (13) (1) 0 (3) (13) (1) (3) (1) (13) (1) 0 (7) (7) 2 1 (32) (2) 2 (1) (7) (15) (8) (2) (1) 5 (4) 5 (3) (4)
Financing Cash Flow (174) (1,821) (69) 596 340 566 (1,421) 681 (444) (112) (203) (130) (133) (801) (163) (120) (14) 988 316 (2) (14) (2) 741 533 253 (161) (237) (138) (5) (307) 104 (538) (109) (537) (100) (56) (165) 89 (138) (311) 264
Cash Position
Net Change in Cash (194) 40 (98) (889) 724 (93) (160) 508 (159) 201 (213) (75) (61) (550) 98 399 53 (1,416) 1,278 97 (131) (573) 331 247 169 243 253 (24) (31) (434) 155 (728) 877 120 (17) 26 (108) (62) (98) (129) 314
Cash at Beginning 788 698 847 1,739 1,015 1,108 1,264 756 915 714 931 1,006 1,067 1,617 1,518 1,119 1,065 2,481 1,203 1,106 1,237 1,810 1,479 1,232 1,063 820 567 591 622 1,056 901 1,629 752 383 400 374 482 544 642 771 457
Cash at End 594 738 749 851 1,739 1,015 1,108 1,264 756 915 718 931 1,006 1,067 1,617 1,518 1,119 1,065 2,481 1,203 1,106 1,237 1,810 1,479 1,232 1,063 820 567 591 622 1,056 901 1,629 503 383 400 374 482 544 642 771
Free Cash Flow 77 236 (89) (161) 123 184 (58) 135 205 307 1 96 195 212 (20) 142 130 60 239 15 (110) (166) (149) (263) (155) (3) (3) 86 (53) 107 28 (85) (6) 73 39 86 100 71 57 141 13
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
Income Statement
Revenue 1,736 1,798 883 1,808 832 761 762 861 912 869 868 921 951 853 836 843 739 575 395 297 178 153 132 35 460 640 598 670 651 629 585 631 653 657 641 706 696 639 640 685 632 647 613 661 621 659 673 718 658 666 620 689 587 616 593 1,014 958 990 897 936 875 918 879 889 841 889 806 847 789 886 942
Gross Profit 176 200 346 374 348 354 333 372 343 340 346 351 355 352 341 339 268 195 156 99 31 6 (8) (64) 154 256 224 273 249 253 223 267 261 240 232 277 256 226 230 263 237 236 220 263 232 229 240 278 235 233 211 268 189 207 203 239 186 199 186 198 158 172 148 183 160 154 129 158 139 173 217
Operating Income 106 141 208 115 222 218 207 255 174 173 224 217 198 183 233 263 157 79 87 13 (64) (98) (77) (165) 107 167 141 178 126 193 141 184 166 148 143 187 157 148 156 188 149 149 166 190 138 146 163 198 148 146 134 108 17 46 40 73 7 28 53 55 17 16 12 59 21 10 (5) 24 21 14 100
Net Income 38 (20) (49) (3) 20 (56) 471 359 522 26 68 68 58 294 28 206 (73) (29) 120 (9) (304) (203) (161) (236) (103) 321 296 86 63 44 237 77 411 76 16 87 70 41 62 67 34 37 25 40 22 182 32 74 56 32 55 112 8 16 23 39 10 52 14 37 10 6 30 25 5 (12) 5 (50) 12 (140) 137
EPS (Diluted) 0.39 -0.21 -0.51 -0.03 0.20 -0.58 4.63 3.46 4.93 0.25 0.64 0.63 0.53 2.69 0.25 1.84 -0.66 -0.26 1.15 -0.09 -2.99 -2.00 -1.59 -2.33 -1.02 3.08 2.80 0.80 0.59 0.40 2.09 0.66 3.40 0.62 0.14 0.81 0.42 0.32 0.47 0.49 0.25 0.26 0.18 0.27 0.15 1.20 0.21 0.48 0.36 0.20 0.35 0.70 0.05 0.10 0.14 0.24 0.06 0.31 0.08 0.22 0.06 0.03 0.17 0.14 0.03 -0.07 0.03 -0.34 0.11 -1.09 1.07
Balance Sheet
Cash & Equivalents 593 788 697 846 1,735 1,011 1,095 1,253 740 881 701 882 948 991 1,223 1,428 1,023 960 2,418 1,144 1,078 1,207 1,778 1,438 1,194 893 660 515 547 570 1,014 628 1,160 503 383 400 374 482 544 642 771 1,179 1,308 1,327 968
Total Assets 13,903 14,036 15,705 15,907 14,002 13,324 11,865 12,757 11,719 12,833 12,317 12,589 12,618 12,312 12,402 12,650 12,689 12,603 9,477 8,962 8,769 9,129 9,225 8,580 8,298 8,417 8,129 8,082 8,035 7,643 7,724 7,316 7,987 7,672 7,861 7,901 7,763 7,749 7,647 7,706 7,899 7,170 7,154 7,155 6,739
Total Debt 4,514 4,800 6,300 6,325 4,607 4,060 3,427 4,168 3,344 3,370 3,371 3,429 3,435 3,450 4,133 4,133 4,178 4,362 3,378 3,643 3,632 3,650 3,663 2,913 2,378 2,048 2,051 2,153 2,191 1,634 1,633 1,440 1,450 1,451 1,796 1,687 1,744 1,564 1,466 1,474 1,706 1,605 1,625 1,632 612
Stockholders' Equity 3,228 3,334 3,484 3,561 3,461 3,547 3,697 3,850 3,657 3,564 3,586 3,682 3,693 3,699 3,443 3,609 3,521 3,563 3,586 2,906 2,885 3,211 3,350 3,490 3,705 3,962 3,756 3,642 3,622 3,670 3,929 3,695 4,188 3,525 3,651 3,837 3,714 3,903 3,913 4,004 3,996 5,039 5,026 5,016 4,874
Cash Flow
Operating Cash Flow 100 313 (20) (117) 153 235 (15) 177 239 371 55 146 225 271 18 203 173 106 267 33 (91) (148) (133) (230) (100) 122 95 166 13 209 102 (24) 54 159 118 169 150 142 112 188 51
Capital Expenditure (23) (77) (69) (44) (30) (51) (43) (42) (34) (64) (54) (50) (30) (59) (38) (61) (43) (46) (28) (18) (19) (18) (16) (33) (55) (125) (98) (80) (66) (102) (74) (61) (60) (86) (79) (83) (50) (71) (55) (47) (38)
Free Cash Flow 77 236 (89) (161) 123 184 (58) 135 205 307 1 96 195 212 (20) 142 130 60 239 15 (110) (166) (149) (263) (155) (3) (3) 86 (53) 107 28 (85) (6) 73 39 86 100 71 57 141 13