Harley-Davidson, Inc. logo HOG - Harley-Davidson, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 23
SELL 4
STRONG
SELL
0
| PRICE TARGET: $23.17 DETAILS
HIGH: $28.00
LOW: $15.00
MEDIAN: $24.50
CONSENSUS: $23.17
DOWNSIDE: 2.36%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 4,473.2 5,186.8 5,836.5 5,755.1 5,336.3 4,054.4 5,361.8 5,716.9 5,647.2 5,996.5 5,995.4 6,228.5 5,899.9 5,580.5 5,311.7 4,859.3 4,781.9 5,955.4 5,726.8 5,800.7 5,342.2 5,015.2 4,624.3 4,091.0 3,406.8 2,943.3 2,452.9 2,064 1,762.6 1,531.2 1,350.5 1,541.8 1,217.4
Cost of Revenue 3,120.6 3,377.7 3,654.7 3,621.4 3,436.2 2,682.2 3,440.2 3,545.0 3,452.5 3,599.8 3,518.3 3,707.1 3,561.4 3,418.4 3,335.8 3,021.7 3,184.6 3,784.0 3,612.7 3,567.8 3,301.7 3,115.7 2,958.7 2,673.1 2,253.8 1,979.6 1,503.4 1,285.9 1,106.2 985.9 896.8 1,083.4 823.3
Gross Profit 1,352.5 1,809.1 2,181.8 2,133.7 1,900.1 1,372.2 1,921.6 2,171.9 2,194.7 2,396.7 2,477.1 2,521.4 2,338.5 2,162.1 1,975.9 1,837.6 1,597.3 2,171.4 2,114.1 2,232.8 2,040.5 1,899.5 1,665.6 1,417.8 1,153.0 963.8 949.5 778.1 656.4 545.3 453.7 458.4 394.1
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
SG&A Expenses 895.3 1,145.2 1,175.5 1,079.3 1,051.6 1,050.6 1,199.1 1,258.1 1,180.2 1,213.8 1,220.1 1,159.5 1,124.8 1,111.2 1,060.9 1,020.4 979.4 1,060.2 900.7 846.4 762.1 820.6 774.0 725.3 625.1 548.7 447.5 377.3 328.6 269.4 234.2 261.2 267.3
Other Expenses 70.6 247.2 227.2 145.1 25.0 311.9 166.9 200.3 132.4 136.6 101.3 80.9 60.0 50.7 85.0 256.6 421.9 52.0 (212.2) (210.7) (191.6) (282.5) 723.6 (190.2) (134.7) (99.9) 113.8 87.4 70.2 55.3 42.3 36.9 57
Operating Expenses 965.9 1,392.5 1,402.7 1,224.5 1,076.6 1,362.5 1,365.9 1,458.4 1,312.6 1,350.4 1,321.4 1,240.4 1,184.8 1,161.9 1,146.0 1,277.0 1,401.3 1,112.2 688.5 635.7 570.5 538.0 1,497.7 535.1 490.5 448.8 561.3 464.7 398.8 324.7 276.5 298.1 324.3
Operating Income
Operating Income 386.6 416.6 779.1 909.3 823.4 9.7 555.6 713.5 882.1 1,046.3 1,155.7 1,281.0 1,153.7 1,000.2 830.0 560.6 196.1 1,059.2 1,425.6 1,597.2 1,470.0 1,361.5 167.9 882.7 662.5 515.0 388.2 313.4 257.6 220.6 177.2 160.3 69.8
Interest Expense 33.4 30.7 30.8 31.2 31.0 31.1 31.1 30.9 31.0 29.7 12.1 4.2 45.3 46.0 45.3 90.4 21.7 4.5 204.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 44.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 416.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 492.2 708.6 1,055.8 1,114.4 1,015.4 201.1 821.0 982.4 1,117.0 1,263.1 1,360.4 1,466.8 1,326.6 1,176.5 1,018.3 736.0 446.7 1,291.2 1,856.0 1,810.9 1,675.7 1,575.6 364.8 1,058.5 815.6 648.3 502 400.8 327.8 275.9 219.5 197.2 126.8
EBIT 492.2 547.9 897.7 962.5 850.2 15.4 588.5 717.5 894.8 1,053.6 1,162.3 1,287.5 1,159.6 1,007.5 837.9 480.8 200.3 1,070.5 1,651.8 1,597.2 1,470.0 1,361.5 167.9 882.7 662.5 515.0 388.2 313.4 257.6 220.6 177.2 160.3 69.8
Income Before Tax 458.7 517.1 866.9 931.2 819.2 (15.7) 557.4 686.6 863.8 1,023.9 1,150.2 1,283.3 1,114.3 961.5 792.7 390.5 178.7 1,065.9 1,447.8 1,624.2 1,487.8 1,379.5 1,166.0 885.8 673.5 548.6 420.8 336.2 276.3 227.6 176 162.1 66.5
Income Tax Expense 129.6 72.0 171.8 192.0 169.2 (17.0) 133.8 155.2 342.1 331.7 398.0 438.7 380.3 337.6 244.6 130.8 108.0 381.7 514.0 581.1 528.2 489.7 405.1 305.6 235.7 200.8 153.6 122.7 102.2 84.2 64.9 57.8 48.1
Net Income 338.7 455.4 706.6 741.4 650.0 1.3 423.6 531.5 521.8 692.2 752.2 844.6 734.0 623.9 599.1 146.5 (55.1) 654.7 933.8 1,043.2 959.6 889.8 760.9 580.2 437.7 347.7 267.2 213.5 174.1 166 112.5 104.3 (11.9)
Per Share Data
EPS (Basic) 2.82 3.46 4.96 5.01 4.23 0.01 2.70 3.21 3.03 3.85 3.71 3.90 3.30 2.75 2.57 0.63 -0.24 2.80 3.75 3.94 3.42 3.02 2.52 1.92 1.45 1.15 0.88 0.70 0.57 0.55 0.38 0.34 -0.04
EPS (Diluted) 2.78 3.44 4.87 4.96 4.19 0.01 2.68 3.19 3.02 3.83 3.69 3.88 3.28 2.72 2.55 0.62 -0.24 2.79 3.74 3.93 3.41 3.00 2.50 1.90 1.43 1.13 0.86 0.69 0.57 0.55 0.38 0.34 -0.04
Shares Outstanding 120.1 131.4 142.4 148.0 153.7 153.2 157.1 165.7 172.0 179.7 202.7 216.3 222.5 227.1 232.9 233.3 232.6 234.2 249.2 264.8 280.3 295.0 302.0 302.2 301.9 302.4 303.6 305 305.4 301.8 300 304.5 277.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 3,091.7 1,589.6 1,533.8 1,433.2 1,874.7 3,257.2 833.9 1,203.8 687.5 760.0 1,630.4 568.9 275.2 812.4 280.9 439.4 419.7 183.4 165.2 147.5 142.5 31.5 59.3 77.7
Short-Term Investments 0 0 0 0 0 0 0 10.0 0 5.5 39.7 0 1,336.9 510.2 514.8 196.0 0 0 0 0 0 0 0 0
Net Receivables 225.8 2,265.8 2,380.9 2,034.9 1,647.7 1,652.6 2,531.9 2,520.9 2,435.6 2,361.4 1,705.5 4,087.7 1,745.4 1,114.4 964.5 775.3 629.2 542.7 473.8 396.1 325.1 134.2 143.4 86
Inventory 730.9 745.8 930.0 951.0 712.9 523.5 603.6 556.1 538.2 499.9 323.0 379.1 226.9 207.7 218.2 181.1 191.9 168.6 155.6 117.5 101.4 84.4 173.4 140.2
Other Current Assets 1,538.5 395.4 319.0 331.7 314.7 412.1 233.5 193.6 223.4 227.1 360.9 362.0 60.5 51.2 41.4 39.0 56.4 54.3 50.4 42.9 44.1 87.1 29.5 29.9
Total Current Assets 5,586.9 4,996.6 5,163.7 4,750.7 4,550.1 5,845.4 4,202.8 4,484.4 3,884.7 3,853.9 4,341.9 5,526.6 3,683.2 2,729.1 2,066.6 1,665.3 1,297.3 949 845 704 613.1 337.2 405.6 333.8
Non-Current Assets
Property, Plant & Equipment 0 820.9 801.4 733.8 733.6 789.0 909 904.1 967.8 981.6 906.9 1,056.9 1,024.7 1,046.3 1,032.6 891.8 754.1 681.7 627.8 528.9 409.4 284.8 262.8 205.8
Goodwill 63.9 61.7 62.7 62.1 63.2 66.0 64.2 55.0 55.9 53.4 31.4 60.1 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 5.6 7.0 6.4 7.5 9.6 10.6 6.0 6.9 0 0 0 59.5 53.7 49.9 49.7 54.3 55.4 51.2 38.7 40.9 43.3 0 0
Long-Term Investments 719.1 5,304.5 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 1,674.9 516.5 5,944.5 5,804.5 5,613.7 5,142.0 5,240.4 5,074.6 4,948.2 4,833.7 3,697.8 896.8 716.0 1,094.0 712.1 511.7 330.7 426 396.2 327.3 256.6 335.4 70.8 43.7
Total Non-Current Assets 2,457.9 6,884.9 6,976.8 6,741.8 6,501.0 6,165.2 6,325.3 6,181.2 6,087.9 6,036.4 4,813.6 2,302.1 1,800.1 2,194.0 1,794.6 1,453.2 1,139.1 1,163.1 1,075.2 894.9 706.9 663.5 333.6 249.5
Total Assets 8,044.8 11,881.6 12,140.6 11,492.5 11,051.1 12,010.6 10,528.2 10,665.7 9,972.7 9,890.2 9,155.5 7,828.6 5,483.3 4,923.1 3,861.2 3,118.5 2,436.4 2,112.1 1,920.2 1,598.9 1,320 1,000.7 739.2 583.3
Current Liabilities
Account Payables 1,061.2 298.7 349.2 378.0 375.0 290.9 294.4 284.9 227.6 235.3 162.5 303.3 244.2 223.9 227.0 194.7 169.8 137.7 122.7 106.1 100.7 102.6 64 56.4
Short-Term Debt 1,334.7 2,491.7 2,134.9 2,455.2 2,293.8 3,053.9 2,320.1 2,711.6 2,400.8 2,140.6 1,522.1 1,738.6 495.4 324.3 382.6 217.1 89.5 181.2 146.7 90.6 2.6 2.7 18.3 20.6
Deferred Revenue 0 23.1 23.4 17.6 18.3 18.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 262.8 173.4 266.1 105.7 77.5 129.4 14.8 33.8 21.3 0.1 69.5 77.9 0 0 0 0 238.4 199.3 199.1 165 160.3 127.9 134 113.8
Total Current Liabilities 2,658.7 3,557.5 3,384.3 3,533.9 3,342.9 3,982.0 3,196.8 3,597.6 3,158.2 2,862.6 2,268.2 2,623.3 1,172.7 955.8 990.1 716.1 497.7 518.2 468.5 361.7 263.6 233.2 216.3 190.8
Non-Current Liabilities
Long-Term Debt 1,649.6 4,468.7 4,990.6 4,457.1 4,595.6 5,932.9 5,124.8 4,887.7 4,587.3 4,667.0 4,114.0 2,176.2 800 670 380 380 355 280 280 280 258.1 164.3 0 67.6
Deferred Tax Liabilities 5.5 16.9 33.5 29.5 9.3 8.6 8.1 0 0 0 0 0 51.4 125.8 29.5 17.8 15.6 12 2.3 0 0 0 0 0
Other Non-Current Liabilities 504.7 632.6 428.0 538.4 520.1 334.2 350.0 406.4 383.0 440.5 665.1 913.5 240.7 213.8 228.8 248.3 162.4 140.8 139.5 130.5 135.6 108.6 89.7 0
Total Non-Current Liabilities 2,229.3 5,165.6 5,504.0 5,051.8 5,154.9 6,305.9 5,527.4 5,294.1 4,970.2 5,107.5 4,779.2 3,089.7 1,092.1 1,009.6 638.2 646.1 533.0 432.8 421.8 410.5 393.7 272.9 89.7 67.6
Total Liabilities 4,888.0 8,723.1 8,888.3 8,585.7 8,497.8 10,287.8 8,724.2 8,891.7 8,128.4 7,970.1 7,047.4 5,713.0 2,264.8 1,965.4 1,628.3 1,362.2 1,030.7 951 890.3 772.2 657.3 506.1 306 258.4
Stockholders' Equity
Common Stock 1.7 1.7 1.7 1.7 1.7 1.7 1.8 1.8 1.8 1.8 3.4 3.4 3.3 3.3 3.3 3.2 3.2 1.6 0 0 0 0 0 0
Retained Earnings 3,717.4 3,465.1 3,100.9 2,490.6 1,842.4 1,284.8 2,194.0 2,007.6 1,607.6 1,337.7 6,324.3 6,458.8 3,844.6 3,074.0 2,372.1 1,833.3 1,431.0 1,113.4 873.2 683.8 530.8 381.9 283 189.4
Accumulated Other Comprehensive Income (257.1) (332.7) (305.0) (341.9) (240.9) (483.4) (536.9) (629.7) (500.0) (565.4) (417.9) (522.5) (12.1) 47.2 (46.4) (13.9) 0.0 (2.4) 0 0 0 0 0 0
Total Stockholders' Equity 3,140.7 3,166.0 3,252.8 2,903.5 2,553.2 1,722.8 1,804.0 1,773.9 1,844.3 1,920.2 2,108.1 2,115.6 3,218.5 2,957.7 2,232.9 1,756.3 1,405.7 1,161.1 1,029.9 826.7 662.7 494.6 433.2 324.9
Total Liabilities & Equity 8,044.8 11,881.6 12,140.6 11,492.5 11,051.1 12,010.6 10,528.2 10,665.7 9,972.7 9,890.2 9,155.5 7,828.6 5,483.3 4,923.1 3,861.2 3,118.5 2,436.4 2,112.1 1,920.2 1,598.9 1,320 1,000.7 739.2 583.3
Debt Metrics
Total Debt 3,053.7 7,026.5 7,196.1 6,955.3 6,936.7 9,034 7,508.4 7,599.3 6,988.0 6,807.6 5,636.1 3,914.9 1,295.4 994.3 762.6 597.1 444.5 461.2 426.7 370.6 260.7 167 18.3 88.2
Net Debt (38.0) 5,436.9 5,662.2 5,522.1 5,061.9 5,776.8 6,674.5 6,395.5 6,300.5 6,047.6 4,005.7 3,346.0 1,020.3 181.9 481.7 157.6 24.8 277.8 261.5 223.1 118.2 135.5 (41) 10.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 338.7 445.2 706.6 741.4 650.0 1.3 423.6 531.5 521.8 692.2 959.6 889.8 760.9 580.2 437.7 347.7 267.2 213.5 174.1 166 112.5 104.3 18.4
Depreciation & Amortization 172.4 160.7 158.1 151.9 165.2 185.7 232.5 264.9 222.2 209.6 205.7 214.1 196.9 175.8 153.1 133.3 113.8 87.4 70.2 55.3 42.3 36.9 57
Stock-Based Compensation 0 49.0 82.9 54.4 42.2 23.5 33.7 35.5 32.5 32.3 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 255.0 98.5 24.3 (388.4) (69.2) 178.4 (58.4) 204.5 (56.0) 44.7 (5.1) (24.9) (18.6) 53.8 77.8 49.6 0 0 0 0 0 0 (15.8)
Other Non-Cash Items (281.3) 336.8 (187.0) 5.1 195.2 833.1 215.2 203.5 233.8 195.7 (248.0) (67.8) (45.8) (68.8) 92.2 33.5 23.7 16 62.7 15.5 20.6 (49.3) 36.6
Operating Cash Flow 568.9 1,063.8 754.9 548.5 975.7 1,177.9 868.3 1,205.9 1,005.1 1,174.3 960.5 969.7 935.6 779.5 757.3 565.5 416.1 318.1 309.7 228.3 169.1 80.8 96.2
Investing Activities
Capital Expenditure (153.7) (196.6) (207.4) (151.7) (120.2) (131.1) (181.4) (213.5) (206.3) (256.3) (198.4) (213.6) (227.2) (323.9) (290.4) (203.6) (165.8) (182.8) (186.2) (178.8) (113) (94.7) (65.6)
Acquisitions 0 0 0 0 0 0 (7) 0 0 0 0 0 0 0 (1.9) (18.8) 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 181.4 (10.0) 0 0 (1,352.4) (1,091.3) (1,143.9) (1,508.3) (248.0) 0 0 (2.3) (1.5) 0 0 0 0
Sales/Maturities of Investments 3,811.0 0 0 0 0 0 10.0 0 6.9 40.0 1,783.5 742.3 1,145 1,190.1 52.0 0 0 0 0 0 0 0 0
Other Investing Activities 121.5 (186.8) (304.9) (621.3) (339.3) 64.3 (511.1) (438.7) (363.1) (176.5) (55.6) (145.2) (258.5) (376.0) (283.7) 51.4 (133.8) (155.1) (218.8) (35) (72) (1.9) (1.4)
Investing Cash Flow 3,778.8 (383.3) (512.3) (773.0) (459.4) (66.8) (508.1) (662.3) (562.5) (392.7) 177.1 (707.8) (484.7) (1,018.0) (772.0) (171.0) (299.6) (340.2) (406.5) (213.8) (185) (96.6) (67)
Financing Activities
Net Debt Issuance (2,561.7) (123.4) 153.8 91.2 (1,993.5) 1,370.0 (182.1) 618.1 155.5 (78.3) (80.7) 305.0 224.1 165.5 152.5 (16.7) 34.4 55.3 110 93.6 33.8 (4.2) 3.4
Stock Repurchased (353.3) (459.8) (364.0) (338.6) (11.6) (8.0) (296.5) (390.6) (465.3) (465.3) (1,054.6) (564.1) (103.9) (56.8) (111.6) (126.0) (130.3) (15.2) 0 0 (40) 0 0
Dividends Paid (86.4) (91.2) (96.3) (93.2) (92.4) (68.1) (237.2) (245.8) (251.9) (252.3) (173.8) (119.2) (59.0) (41.5) (35.4) (30.1) (27) (24.2) (21) (17.1) (13.6) (10.7) (4.6)
Other Financing Activities (8.9) 102.1 131.8 138.7 212.6 80.0 3.6 3.5 0 61.5 6.1 0 0 0 0 0 0 0.1 0 0 6.6 0.1 0.2
Financing Cash Flow (3,010.3) (572.3) (174.6) (202.0) (1,884.9) 1,374.0 (712.2) (14.8) (541.8) (734.4) (1,271.8) (316.1) 80.6 79.9 34.4 (158.1) (98.3) 39.8 101.8 96.5 (10.5) (2.6) 4.5
Cash Position
Net Change in Cash 1,350.9 92.0 69.6 (446.0) (1,383.9) 2,503.8 (354.4) 513.5 (72.5) 37.8 (134.2) (54.2) 531.5 (158.5) 19.7 236.3 18.2 39.8 101.8 96.5 (10.5) (2.6) 4.5
Cash at Beginning 1,740.9 1,648.8 1,579.2 2,025.2 3,409.2 905.4 1,259.7 746.2 760.0 722.2 275.2 329.3 280.9 439.4 419.7 183.4 165.2 147.5 142.5 31.5 57.9 77.7 44.1
Cash at End 3,091.7 1,740.9 1,648.8 1,579.2 2,025.2 3,409.2 905.4 1,259.7 687.5 760.0 141.0 275.2 812.4 280.9 439.4 419.7 183.4 187.3 244.3 128 47.4 75.1 48.6
Free Cash Flow 415.2 867.3 547.5 396.8 855.5 1,046.8 686.8 992.4 798.8 918.1 762.1 756.2 708.3 455.7 466.9 361.9 250.3 135.3 123.5 49.5 56.1 (13.9) 30.6
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 4,473.2 5,186.8 5,836.5 5,755.1 5,336.3 4,054.4 5,361.8 5,716.9 5,647.2 5,996.5 5,995.4 6,228.5 5,899.9 5,580.5 5,311.7 4,859.3 4,781.9 5,955.4 5,726.8 5,800.7 5,342.2 5,015.2 4,624.3 4,091.0 3,406.8 2,943.3 2,452.9 2,064 1,762.6 1,531.2 1,350.5 1,541.8 1,217.4
Gross Profit 1,352.5 1,809.1 2,181.8 2,133.7 1,900.1 1,372.2 1,921.6 2,171.9 2,194.7 2,396.7 2,477.1 2,521.4 2,338.5 2,162.1 1,975.9 1,837.6 1,597.3 2,171.4 2,114.1 2,232.8 2,040.5 1,899.5 1,665.6 1,417.8 1,153.0 963.8 949.5 778.1 656.4 545.3 453.7 458.4 394.1
Operating Income 386.6 416.6 779.1 909.3 823.4 9.7 555.6 713.5 882.1 1,046.3 1,155.7 1,281.0 1,153.7 1,000.2 830.0 560.6 196.1 1,059.2 1,425.6 1,597.2 1,470.0 1,361.5 167.9 882.7 662.5 515.0 388.2 313.4 257.6 220.6 177.2 160.3 69.8
Net Income 338.7 455.4 706.6 741.4 650.0 1.3 423.6 531.5 521.8 692.2 752.2 844.6 734.0 623.9 599.1 146.5 (55.1) 654.7 933.8 1,043.2 959.6 889.8 760.9 580.2 437.7 347.7 267.2 213.5 174.1 166 112.5 104.3 (11.9)
EPS (Diluted) 2.78 3.44 4.87 4.96 4.19 0.01 2.68 3.19 3.02 3.83 3.69 3.88 3.28 2.72 2.55 0.62 -0.24 2.79 3.74 3.93 3.41 3.00 2.50 1.90 1.43 1.13 0.86 0.69 0.57 0.55 0.38 0.34 -0.04
Balance Sheet
Cash & Equivalents 3,091.7 1,589.6 1,533.8 1,433.2 1,874.7 3,257.2 833.9 1,203.8 687.5 760.0 1,630.4 568.9 275.2 812.4 280.9 439.4 419.7 183.4 165.2 147.5 142.5 31.5 59.3 77.7
Total Assets 8,044.8 11,881.6 12,140.6 11,492.5 11,051.1 12,010.6 10,528.2 10,665.7 9,972.7 9,890.2 9,155.5 7,828.6 5,483.3 4,923.1 3,861.2 3,118.5 2,436.4 2,112.1 1,920.2 1,598.9 1,320 1,000.7 739.2 583.3
Total Debt 3,053.7 7,026.5 7,196.1 6,955.3 6,936.7 9,034 7,508.4 7,599.3 6,988.0 6,807.6 5,636.1 3,914.9 1,295.4 994.3 762.6 597.1 444.5 461.2 426.7 370.6 260.7 167 18.3 88.2
Stockholders' Equity 3,140.7 3,166.0 3,252.8 2,903.5 2,553.2 1,722.8 1,804.0 1,773.9 1,844.3 1,920.2 2,108.1 2,115.6 3,218.5 2,957.7 2,232.9 1,756.3 1,405.7 1,161.1 1,029.9 826.7 662.7 494.6 433.2 324.9
Cash Flow
Operating Cash Flow 568.9 1,063.8 754.9 548.5 975.7 1,177.9 868.3 1,205.9 1,005.1 1,174.3 960.5 969.7 935.6 779.5 757.3 565.5 416.1 318.1 309.7 228.3 169.1 80.8 96.2
Capital Expenditure (153.7) (196.6) (207.4) (151.7) (120.2) (131.1) (181.4) (213.5) (206.3) (256.3) (198.4) (213.6) (227.2) (323.9) (290.4) (203.6) (165.8) (182.8) (186.2) (178.8) (113) (94.7) (65.6)
Free Cash Flow 415.2 867.3 547.5 396.8 855.5 1,046.8 686.8 992.4 798.8 918.1 762.1 756.2 708.3 455.7 466.9 361.9 250.3 135.3 123.5 49.5 56.1 (13.9) 30.6