The Hershey Company logo HSY - The Hershey Company

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 24
SELL 3
STRONG
SELL
0
| PRICE TARGET: $220.15 DETAILS
HIGH: $260.00
LOW: $185.00
MEDIAN: $215.00
CONSENSUS: $220.15
UPSIDE: 27.75%
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 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 11,692.6 11,202.3 11,165.0 10,419.3 8,971.3 8,149.7 7,986.3 7,791.1 7,515.4 7,440.2 7,386.6 7,421.8 7,146.1 6,644.3 6,080.8 5,671.0 5,298.7 5,132.8 4,946.7 4,944.2 4,836.0 4,429.2 4,172.6 4,120.3 4,557.2 4,221.0 3,970.9 4,435.6 4,302.2 3,989.3 3,690.7 3,606.3 3,488.2 3,219.8 2,899.2 2,715.6 2,421 2,168 2,433.8 2,169.6
Cost of Revenue 7,802.6 5,901.4 6,167.2 5,920.5 4,922.7 4,448.4 4,363.8 4,215.7 4,060.1 4,270.6 4,004.0 4,085.6 3,865.2 3,784.4 3,548.9 3,255.8 3,245.5 3,375.1 3,315.1 3,076.7 2,956.7 2,672.7 2,544.7 2,561.1 2,668.5 2,471.2 2,191.4 2,466.9 2,336.1 2,168.6 1,992.4 1,968.6 1,882.4 1,736.3 1,609 1,514.5 1,389.9 1,274.6 1,541.5 1,394.5
Gross Profit 3,889.9 5,300.9 4,997.8 4,498.8 4,048.6 3,701.3 3,622.5 3,575.3 3,455.4 3,169.5 3,382.7 3,336.2 3,280.8 2,859.9 2,531.9 2,415.2 2,053.1 1,757.7 1,631.6 1,867.5 1,863.1 1,743.7 1,627.8 1,559.3 1,468.7 1,349.3 1,779.5 1,968.7 1,966.1 1,820.7 1,698.3 1,637.7 1,605.8 1,483.5 1,290.2 1,201.1 1,031.1 893.4 892.3 775.1
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 0 0 0 0 0 0 0
SG&A Expenses 2,454.6 2,262.8 2,436.5 2,236.0 2,001.4 1,890.9 1,905.9 1,874.8 1,885.5 1,891.3 1,969.3 1,898.3 1,924.1 1,703.8 1,477.8 1,426.5 1,208.7 1,073.0 895.9 860.4 913.0 867.1 816.4 833.4 847.0 726.6 1,057.8 1,167.9 1,183.1 1,124.1 1,053.8 1,034.1 1,035.5 958.2 814.5 776.7 655 575.5 527.6 445.5
Other Expenses 18.4 139.9 0.4 2.0 3.5 27.6 120.6 76.8 256.5 23.1 375.6 45.6 18.7 0 (0.9) 83.4 82.9 94.8 276.9 14.6 96.5 0 15.0 27.6 209.1 0 163.3 158.2 152.8 133.5 133.9 129 113.1 97.1 85.4 73.9 65.7 51.9 70.6 59
Operating Expenses 2,473.0 2,402.7 2,436.9 2,238.0 2,004.9 1,918.6 2,026.5 1,951.7 2,142.0 1,914.4 2,344.9 1,943.9 1,942.8 1,703.8 1,476.9 1,509.9 1,291.5 1,167.8 1,172.7 875.0 1,009.5 867.1 831.5 861.0 1,056.1 726.6 1,221.1 1,326.1 1,335.9 1,257.6 1,187.7 1,163.1 1,148.6 1,055.3 899.9 850.6 720.7 627.4 598.2 504.5
Operating Income
Operating Income 1,417.0 2,898.2 2,560.9 2,260.8 2,043.7 1,782.7 1,596.0 1,623.7 1,313.4 1,205.8 1,037.8 1,435.2 1,358.3 1,156.1 1,055.0 905.3 761.6 589.9 458.8 992.6 860.9 902.2 796.4 698.3 621.7 622.6 558.4 642.6 630.2 563.1 510.6 474.6 457.2 428.2 390.3 350.5 310.4 266 294.1 270.6
Interest Expense 207.4 174.3 161.5 140.1 129.8 153.5 152.1 146.9 100.1 91.9 81.0 87.6 91.5 98.5 94.8 97.7 91.3 99.7 121.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 28.4 8.7 9.7 2.5 2.4 4.1 8.0 8.0 1.8 1.8 3.5 4.1 3.2 2.9 2.6 1.3 0.9 1.8 2.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,952.7 3,103.5 2,753.2 2,436.1 2,242.1 1,943.4 1,824.5 1,852.1 1,472.6 1,493.3 1,227.8 1,605.2 1,543.9 1,324.1 1,273.4 1,103.7 944.9 841.2 772.2 1,207.0 1,168.2 1,066.2 1,000.3 903.7 603.1 798.6 721.7 800.8 783 696.6 644.5 603.6 570.3 525.3 475.7 424.4 376.1 317.9 364.7 329.6
EBIT 1,448.9 2,648.3 2,333.4 2,057.2 1,927.1 1,648.5 1,532.9 1,556.9 1,210.7 1,191.4 982.8 1,393.6 1,342.8 1,114.1 1,057.6 906.6 762.5 591.7 461.3 1,007.1 950.2 876.6 819.7 725.8 412.6 622.6 558.4 642.6 630.2 563.1 510.6 474.6 457.2 428.2 390.3 350.5 310.4 266 294.1 270.6
Income Before Tax 1,214.2 2,473.9 2,171.9 1,917.1 1,797.2 1,495.0 1,380.8 1,410.1 1,110.7 1,099.5 901.8 1,306.0 1,251.3 1,015.6 962.8 808.9 671.1 492.0 340.2 876.5 772.9 835.6 732.8 637.6 343.5 546.6 727.9 557 554 479.8 465.9 333.1 510.8 401 363.4 361.5 290 236.1 269.4 260.9
Income Tax Expense 330.9 252.7 310.1 272.3 314.4 219.6 234.0 239.0 354.1 379.4 388.9 459.1 430.8 354.6 333.9 299.1 235.1 180.6 126.1 317.4 279.7 244.8 267.9 234.0 136.4 212.1 267.6 216.1 217.7 206.6 184 148.9 213.6 158.4 143.9 145.6 118.9 91.6 121.2 128.1
Net Income 883.3 2,221.2 1,861.8 1,644.8 1,477.5 1,278.7 1,149.7 1,177.6 783.0 720.0 513.0 846.9 820.5 660.9 629.0 509.8 436.0 311.4 214.2 559.1 493.2 590.9 457.6 403.6 207.2 334.5 460.3 340.9 336.3 273.2 281.9 184.2 193.3 242.6 219.5 215.9 171.1 213.9 148.2 132.8
Per Share Data
EPS (Basic) 4.40 10.97 9.09 8.00 7.15 6.13 5.49 5.61 3.79 3.45 2.40 3.91 3.76 3.01 2.78 2.24 1.91 1.37 0.94 2.44 2.05 2.31 1.74 1.48 0.76 1.23 1.65 1.19 1.13 0.89 0.85 0.53 0.54 0.67 0.61 0.60 0.48 0.59 0.41 0.36
EPS (Diluted) 4.34 10.94 9.06 7.96 7.11 6.11 5.46 5.58 3.66 3.34 2.32 3.54 3.61 2.89 2.74 2.21 1.90 1.36 0.93 2.34 1.97 2.24 1.73 1.47 0.75 1.18 1.63 1.17 1.12 0.88 0.85 0.53 0.54 0.67 0.61 0.60 0.48 0.59 0.41 0.36
Shares Outstanding 203.5 203.0 204.7 205.5 206.7 208.4 209.5 210.0 212.2 214.1 219.1 222.6 224.2 225.0 226.6 227.7 227.8 227.5 228.9 229.1 244.6 188.7 263.0 272.7 272.5 275.1 279.8 286.5 298.9 308.7 331.6 347.5 361.3 362.1 362.8 362.9 360.2 362.5 361.5 374.1
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 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 925.9 730.7 401.9 463.9 329.3 1,144.0 493.3 588.0 380.2 297.0 346.5 374.9 1,118.5 728.3 693.7 884.6 253.6 37.1 129.2 97.1 67.2 54.8 114.8 297.7 134.1 32.0 118.1 39 54.2 61.4 32.3 26.7 16 24.1 71.1 26.6 52.5 70.1 15 27.6
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 97.1 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
Net Receivables 729.5 800.4 823.6 711.2 671.5 615.2 568.5 594.1 588.3 581.4 599.1 596.9 477.9 461.4 399.5 390.1 410.4 455.2 487.3 522.7 507.1 408.9 407.6 371.0 361.7 379.7 352.8 451.3 360.8 294.6 326 331.7 295 173.6 159.8 143 121.9 166.8 121.5 77.4
Inventory 1,429.3 1,254.1 1,341.0 1,173.1 988.5 964.2 815.3 784.9 752.8 745.7 751.0 801.0 659.5 633.3 649.0 533.6 519.7 592.5 600.2 648.8 610.3 557.2 492.9 503.3 512.1 605.2 602.2 493.2 505.5 475 397.6 445.7 453.4 457.2 436.9 379.1 309.8 308.8 285.4 237.5
Other Current Assets 302.7 704.4 118.0 128.3 127.7 158.8 156.0 203.7 151.9 0 0 100.5 52.5 122.2 136.9 55.8 39.9 70.9 83.7 61.4 73.2 61.8 13.3 0 96.9 278.5 206.9 150.5 114.3 155.2 166.4 144.6 124.6 285.1 76.7 113.1 83.4 73.4 63 50.9
Total Current Assets 3,588.9 3,759.5 2,912.1 2,620.4 2,246.2 2,977.9 2,117.1 2,239.2 2,001.9 1,816.8 1,848.6 2,247.0 2,487.3 2,113.5 2,046.6 2,005.2 1,385.4 1,344.9 1,426.6 1,417.8 1,408.9 1,182.4 1,131.6 1,263.6 1,167.5 1,295.3 1,280 1,134 1,034.8 986.2 922.3 948.7 889 940 744.5 661.8 567.6 619.1 484.9 393.4
Non-Current Assets
Property, Plant & Equipment 3,855.0 3,796.6 3,617.7 2,769.7 2,586.2 2,285.3 2,153.1 2,130.3 2,106.7 2,177.2 2,240.5 2,151.9 1,805.3 1,674.1 1,559.7 1,437.7 1,404.8 1,458.9 1,539.7 1,651.3 1,659.1 1,682.7 1,661.9 1,486.1 1,534.9 1,585.4 1,510.5 1,648.1 1,648.2 1,601.9 1,436 1,468.4 1,460.9 1,296 1,145.7 952.1 829.9 736 863 793.3
Goodwill 2,996.0 2,705.8 2,696.1 2,607.0 2,633.2 1,988.2 1,986.0 1,801.1 821.1 812.3 684.3 793.0 576.6 588.0 516.7 524.1 571.6 554.7 584.7 502.0 487.3 463.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 2,827.0 2,241.0 2,239.4 1,966.3 2,037.6 1,295.2 1,341.2 1,278.3 474.0 492.7 379.3 294.8 195.2 214.7 111.9 123.1 125.5 110.8 155.9 140.3 142.6 125.2 427.5 418.4 429.1 474.4 450.2 530.5 551.8 566 428.7 453.6 473.4 399.8 421.7 417.6 373.4 371.3 261.6 149
Long-Term Investments 176.6 212.9 207.2 133.0 93.1 52.4 0 0 0 0 0 (100.5) (52.5) 0 0 0 0 0 (83.7) (61.4) (78.2) (46.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 270.1 194.1 186.1 812.0 775.1 503.5 512 253.0 147.0 168.4 155.4 142.8 293.0 152.1 138.7 161.2 183.4 151.6 540.2 446.2 597.2 343.2 361.6 312.5 115.9 92.6 106 91.5 56.4 30.7 43.6 20.3 31.8 37.1 29.9 47.3 43.2 38.3 35.7 20.6
Total Non-Current Assets 10,152.4 9,187.4 8,990.8 8,328.4 8,166.0 6,153.9 6,023.3 5,463.8 3,551.8 3,707.6 3,495.8 3,382.5 2,870.2 2,641.4 2,365.6 2,267.5 2,289.6 2,289.8 2,820.5 2,739.8 2,886.3 2,615.1 2,451.0 2,216.9 2,079.9 2,152.4 2,066.7 2,270.1 2,256.4 2,198.6 1,908.3 1,942.3 1,966.1 1,732.9 1,597.3 1,417 1,246.5 1,145.6 1,160.3 962.9
Total Assets 13,741.3 12,946.9 11,902.9 10,948.8 10,412.2 9,131.8 8,140.4 7,703.0 5,553.7 5,524.3 5,344.4 5,629.5 5,357.5 4,754.8 4,412.2 4,272.7 3,675.0 3,634.7 4,247.1 4,157.6 4,295.2 3,797.5 3,582.5 3,480.6 3,247.4 3,447.8 3,346.7 3,404.1 3,291.2 3,184.8 2,830.6 2,891 2,855.1 2,672.9 2,341.8 2,078.8 1,814.1 1,764.7 1,645.2 1,356.3
Current Liabilities
Account Payables 1,255.7 807.9 630.5 970.6 692.3 580.1 550.8 502.3 523.2 522.5 474.3 482.0 461.5 442.0 420.0 410.7 287.9 249.5 223.0 155.5 167.8 148.7 132.2 124.5 133.0 149.2 136.6 156.9 146.9 134.2 127.1 115.4 125.7 127.2 137.9 127.6 102.2 0 0 0
Short-Term Debt 721.9 1,906.3 1,019.0 1,443.1 942.3 512.9 731.6 1,203.3 859.5 632.7 863.4 635.5 166.9 375.9 139.7 285.5 39.3 501.5 856.4 844.0 819.1 622.3 12.5 28.1 7.9 258.1 211.6 346 257.5 315 413.7 324.7 350.6 363.2 84.6 24.4 18.6 54.9 31.4 8.4
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 970.6 0 0 0 0 0 0 0.6 0 0 0 0 0 0 0 219.4 0 0 0 0 0 0 0 24.8 2.6 359.5 364.6 311.9 391.3 368.1 323.6 356.1 337.5 246.5 248.2 189.3 165 290.5 268.4 213.7
Total Current Liabilities 3,011.9 3,929.5 3,008.4 3,257.2 2,493.3 1,891.7 2,008.8 2,418.6 2,076.5 1,909.4 2,217.9 1,935.6 1,408.0 1,471.1 1,173.8 1,298.8 910.6 1,270.2 1,618.8 1,453.5 1,518.2 1,285.4 585.8 546.8 606.4 766.9 712.8 814.8 795.7 817.3 864.4 796.2 813.8 736.9 470.7 341.3 285.8 345.4 299.8 222.1
Non-Current Liabilities
Long-Term Debt 4,681.2 3,122.1 3,718.6 3,274.8 4,021.0 4,013.9 3,455.2 3,254.3 2,061.0 2,347.5 1,557.1 1,542.3 1,795.1 1,531.0 1,748.5 1,541.8 1,502.7 1,506.0 1,280.0 1,248.1 942.8 690.6 968.5 851.8 877.0 877.7 878.2 879.1 1,029.1 655.3 357 157.2 165.8 174.3 282.9 273.4 216.1 233 306.1 210.8
Deferred Tax Liabilities 679.5 424.2 345.7 328.4 288.0 229.0 200.0 176.9 45.7 39.6 53.2 99.4 104.2 35.7 0 0 0 3.6 180.8 286.0 400.3 319.2 377.6 348.0 255.8 300.5 326 321.1 267.1 224 192.5 193.4 172.7 203.5 172 154.5 141.5 132.4 163.8 158.9
Other Non-Current Liabilities 731.9 383.5 383.6 424.9 476.2 501.6 471.6 446.0 438.9 400.2 468.7 526.0 434.1 668.7 603.9 494.5 501.3 505.0 544.0 486.5 412.9 383.4 370.8 362.2 361.0 327.7 331.1 346.8 346.5 327.2 333.7 303.1 290.5 92.9 80.9 66.1 53.6 48 43.1 36.6
Total Non-Current Liabilities 6,092.7 4,302.7 4,795.5 4,392.1 5,161.7 5,002.2 4,386.6 3,877.2 2,545.6 2,787.2 2,079.0 2,167.7 2,333.4 2,235.4 2,365.8 2,036.3 2,004.1 2,014.6 2,004.8 2,020.6 1,755.9 1,422.8 1,716.9 1,562.0 1,493.8 1,505.8 1,535.3 1,547 1,642.7 1,206.5 883.2 653.7 629 470.7 535.8 494 411.2 413.4 513 406.3
Total Liabilities 9,104.5 8,232.2 7,803.9 7,649.3 7,655.0 6,894.0 6,395.4 6,295.8 4,622.2 4,696.6 4,296.9 4,103.3 3,741.4 3,706.5 3,539.6 3,335.1 2,914.7 3,284.8 3,623.6 3,474.1 3,274.2 2,708.2 2,302.7 2,108.8 2,100.2 2,272.7 2,248.1 2,361.8 2,438.4 2,023.8 1,747.6 1,449.9 1,442.8 1,207.6 1,006.5 835.3 697 758.8 812.8 628.4
Stockholders' Equity
Common Stock 221.6 221.6 221.6 221.6 221.6 221.6 221.6 359.9 359.9 359.9 359.9 359.9 359.9 359.9 359.9 359.9 359.9 359.9 359.9 359.9 359.9 359.9 179.9 179.9 179.9 179.9 180 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 5,495.4 5,698.3 4,562.3 3,589.8 2,719.9 1,928.7 1,290.5 7,032.0 6,371.1 6,116.0 5,897.6 5,860.8 5,454.3 5,027.6 4,699.6 4,374.7 4,148.4 3,975.8 3,927.3 3,965.4 3,646.2 3,469.2 3,264.0 2,991.1 2,755.3 2,702.9 2,513.3 2,189.7 1,977.8 1,763.1 1,694.7 1,522.9 1,445.6 1,365.2 1,214 1,077.9 949.8 844.3 688.9 592.2
Accumulated Other Comprehensive Income (247.3) (303.9) (230.1) (252.3) (249.2) (338.1) (324.0) (356.8) (313.7) (375.9) (371.0) (358.6) (166.6) (385.1) (442.3) (215.1) (202.8) (359.9) (28.0) (138.2) (12.5) (6.1) (20.7) 8.3 (102.1) (75.9) (72) (1,054.7) (939) (820.8) (754.4) (655.1) 0 0 0 0 0 0 0 0
Total Stockholders' Equity 4,636.8 4,714.7 4,099.1 3,299.5 2,757.2 2,234.4 1,739.2 1,398.7 915.3 785.9 998.0 1,455.1 1,604.8 1,036.7 857.3 902.3 720.5 318.2 592.9 683.4 1,016.4 1,137.1 1,279.9 1,371.7 1,147.2 1,175.0 1,098.6 1,042.3 852.8 1,161 1,083 1,441.1 1,412.3 1,465.3 1,335.3 1,243.5 1,117.1 1,005.9 832.4 727.9
Total Liabilities & Equity 13,741.3 12,946.9 11,902.9 10,948.8 10,412.2 9,131.8 8,140.4 7,695.3 5,553.7 5,524.3 5,344.4 5,629.5 5,357.5 4,754.8 4,412.2 4,272.7 3,675.0 3,634.7 4,247.1 4,157.6 4,295.2 3,797.5 3,582.5 3,480.6 3,247.4 3,447.8 3,346.7 3,404.1 3,291.2 3,184.8 2,830.6 2,891 2,855.1 2,672.9 2,341.8 2,078.8 1,814.1 1,764.7 1,645.2 1,356.3
Debt Metrics
Total Debt 5,403.1 5,447.6 5,125.6 5,118.0 5,376.1 4,821.1 4,479.9 4,457.6 2,920.5 2,980.2 2,420.5 2,177.8 1,962.0 1,906.9 1,888.2 1,827.3 1,542.0 2,007.5 2,136.4 2,092.1 1,761.9 1,312.9 981.0 879.9 884.9 1,135.8 1,089.8 1,225.1 1,286.6 970.3 770.7 481.9 516.4 537.5 367.5 297.8 234.7 287.9 337.5 219.2
Net Debt 4,477.2 4,716.8 4,723.7 4,654.1 5,046.8 3,677.1 3,986.6 3,869.6 2,540.3 2,683.2 2,074.0 1,803.0 843.5 1,178.6 1,194.5 942.7 1,288.4 1,970.4 2,007.2 1,995.0 1,694.7 1,258.1 866.2 582.2 750.8 1,103.8 971.7 1,186.1 1,232.4 908.9 738.4 455.2 500.4 513.4 296.4 271.2 182.2 217.8 322.5 191.6
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 1992 1991 1990 1989
Operating Activities
Net Income 883.3 2,221.2 1,861.8 1,644.8 1,482.8 1,275.4 1,146.8 1,171.1 756.5 720.0 513.0 846.9 820.5 660.9 629.0 509.8 436.0 311.4 214.2 559.1 493.2 590.9 457.6 403.6 207.2 334.5 460.3 340.9 336.3 273.2 281.9 184.2 297.2 242.6 219.5 215.9 171.1
Depreciation & Amortization 503.7 455.3 419.8 379.0 315.0 294.9 291.5 295.1 261.9 301.8 244.9 211.5 201.0 210.0 215.8 197.1 182.4 249.5 310.9 199.9 218.0 189.7 180.6 177.9 190.5 176.0 163.3 158.2 152.8 133.5 133.9 129 113.1 97.1 85.4 73.9 65.7
Stock-Based Compensation 65.5 44.4 81.0 66.0 66.7 57.6 51.9 49.3 51.1 54.8 51.5 54.1 54.0 50.5 28.3 32.1 34.9 23.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 40.1 (53.1) (341.9) (29.4) 46.3 (191.6) 88.5 (71.2) (134.3) (63.7) 170.4 (226.5) 211.1 199.5 (322.7) 110.6 451.1 (132.8) 116.7 (40.3) (151.5) 98.8 (101.3) (115.5) 134.2 (81.9) (122.5) (192.3) (33) (6.7) 33.3 (99.8) 28.8 (65.5) 48.1 (64.5) 20.3
Other Non-Cash Items 662.6 (209.5) 286.2 230.6 158.7 236.5 200.2 119.5 295.8 8.7 273.2 (66.6) (105.6) (39.9) (3.1) 70.5 1.9 85.0 277.2 23.9 (169.0) 0 17.1 21.5 223.8 0 (0.1) 0.7 3.9 5.4 19.6 20.1 9.4 0.6 (26.4) 30.3 5.1
Operating Cash Flow 2,277.4 2,531.6 2,323.2 2,327.8 2,082.9 1,699.7 1,763.9 1,600.0 1,249.5 983.5 1,214.5 838.2 1,188.4 1,094.8 580.9 901.4 1,065.7 519.6 778.8 723.2 461.8 797.5 592.9 625.3 706.4 412.2 327.7 389.7 476.9 463.7 494.9 337.3 378.9 296.2 347.3 211.8 265.6
Investing Activities
Capital Expenditure (528.2) (605.9) (771.1) (519.5) (495.9) (441.6) (318.2) (328.6) (257.7) (269.5) (356.8) (370.8) (350.9) (278.0) (347.6) (201.5) (145.5) (283.0) (203.9) (198.5) (194.3) (195.9) (218.7) (132.7) (160.1) (138.3) (115.4) (161.3) (172.9) (596.6) (153.1) (138.7) (376.4) (249.8) (226.1) (179.4) (162)
Acquisitions (744.3) (361.0) (165.8) (275.5) (1,729.5) (87.2) (482.4) (1,224.1) (78.6) (329.6) (217.0) (396.3) 0 (172.9) (5.8) 0 (15.2) 0 (100.5) (17) (47.1) (166.9) 0 0 (17.1) (135) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 (275.5) 0 0 (80.2) (52.6) (78.6) (44.3) 356.8 (97.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (179.1) 0 0 0
Sales/Maturities of Investments 0 0 0 275.5 0 0 80.2 0 0 0 95.3 370.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 259.7 0 0 78 0
Other Investing Activities (6.2) 6.6 (261.7) 7.6 2.5 (2.4) 20.1 49.8 7.6 3.7 (355.6) (369.2) (0.7) (22.5) 20.3 2.2 10.4 84.8 0 0 2.7 0 1.6 0.2 53.2 1.5 438.1 (33.6) 21.3 158.5 8.7 (6.3) (1.9) 6.6 (45.6) (107.9) (2.3)
Investing Cash Flow (1,278.7) (960.3) (1,198.7) (787.4) (2,222.8) (531.3) (780.5) (1,502.9) (328.7) (595.5) (477.3) (862.6) (351.6) (473.4) (333.0) (199.3) (150.3) (198.2) (304.4) (215.5) (238.7) (362.7) (217.0) (132.6) (124.0) (271.8) 322.7 (194.9) (151.6) (438.1) (144.4) (145) (118.6) (422.3) (271.7) (209.3) (164.3)
Financing Activities
Net Debt Issuance 279.4 300.6 14.7 (250.4) 429.6 327.2 (184.7) 934.8 (80.5) 568.6 254.3 119.1 54.2 (17.7) 51.4 277.8 (466.3) (128.5) 6.2 332.7 445.7 330.4 (14.5) (5.1) (251.0) 45.8 (135.4) (61.7) 317.4 207.8 298.1 (34.8) (36.2) 170.4 52.2 59.3 (53.3)
Stock Repurchased 0 (494.2) (264.9) (389.0) (457.9) (211.2) (527.2) (247.5) (300.3) (592.5) (582.6) (576.8) (305.6) (510.6) (384.5) (169.1) (9.3) (60.4) (256.3) (621.6) (537.0) (698.9) (329.4) (84.2) (40.3) (99.9) (318) (16.2) (507.7) (66.1) (526.1) (39.7) (131.8) 0 (47.9) 0 0
Dividends Paid (1,085.3) (1,084.8) (889.1) (775.0) (686.0) (640.7) (610.3) (562.5) (526.3) (499.5) (476.1) (440.4) (393.8) (341.2) (304.1) (273.2) (256.1) (262.9) (252.3) (235.1) (221.2) (205.7) (184.7) (167.8) (154.8) (144.9) (136.7) (129) (121.5) (114.8) (110.1) (107) (100.5) (91.4) (83.4) (87.8) (65.6)
Other Financing Activities (18.8) (18.2) (9.0) (35.5) 33.2 46.4 240.8 (8.7) 63.3 59.1 7.4 178.7 198.6 21.0 198.4 1.4 32.8 38.4 60.0 9.3 20.2 0 (85.3) (158.5) (64.3) (51.9) (0.1) (22.5) (35.1) (45.5) (21.9) 0 0 0.1 0 0.2 0
Financing Cash Flow (803.4) (1,296.5) (1,148.3) (1,415.7) (681.1) (499.2) (1,081.5) 116.1 (843.8) (434.4) (755.2) (719.3) (446.6) (586.9) (438.8) (71.1) (698.9) (413.5) (442.4) (477.7) (210.8) (494.7) (558.9) (329.2) (480.2) (226.5) (571.3) (210) (332.5) 3.4 (344.9) (181.5) (268.5) 79.1 (31.2) (28.3) (118.9)
Cash Position
Net Change in Cash 195.1 328.8 (62.0) 134.6 (814.7) 650.7 (94.7) 207.8 83.2 (49.6) (28.3) (743.7) 390.2 34.6 (191.0) 631.0 216.5 (92.1) 32.1 30.0 12.3 (60.0) (182.9) 163.6 102.2 (86.1) 79.1 (210) (332.5) 3.4 (344.9) (181.5) (268.5) 79.1 (31.2) (28.3) (118.9)
Cash at Beginning 730.7 401.9 463.9 329.3 1,144.0 493.3 588.0 380.2 297.0 346.5 374.9 1,118.5 728.3 693.7 884.6 253.6 37.1 129.2 97.1 67.2 54.8 114.8 297.7 134.1 32.0 118.1 39 54.2 61.4 32.3 26.7 16 24.1 71.1 26.6 52.5 70.1
Cash at End 925.9 730.7 401.9 463.9 329.3 1,144.0 493.3 588.0 380.2 297.0 346.5 374.9 1,118.5 728.3 693.7 884.6 253.6 37.1 129.2 97.1 67.2 54.8 114.8 297.7 134.1 32.0 118.1 (155.8) (271.1) 35.7 (318.2) (165.5) (244.4) 150.2 (4.6) 24.2 (48.8)
Free Cash Flow 1,749.1 1,925.7 1,552.1 1,808.4 1,587.0 1,258.0 1,445.7 1,271.4 991.8 714.0 857.6 467.4 837.5 816.9 233.3 699.9 920.3 236.6 574.9 524.7 267.5 601.6 374.3 492.6 546.3 273.9 212.3 228.4 304 (132.9) 341.8 198.6 2.5 46.4 121.2 32.4 103.6
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 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 11,692.6 11,202.3 11,165.0 10,419.3 8,971.3 8,149.7 7,986.3 7,791.1 7,515.4 7,440.2 7,386.6 7,421.8 7,146.1 6,644.3 6,080.8 5,671.0 5,298.7 5,132.8 4,946.7 4,944.2 4,836.0 4,429.2 4,172.6 4,120.3 4,557.2 4,221.0 3,970.9 4,435.6 4,302.2 3,989.3 3,690.7 3,606.3 3,488.2 3,219.8 2,899.2 2,715.6 2,421 2,168 2,433.8 2,169.6
Gross Profit 3,889.9 5,300.9 4,997.8 4,498.8 4,048.6 3,701.3 3,622.5 3,575.3 3,455.4 3,169.5 3,382.7 3,336.2 3,280.8 2,859.9 2,531.9 2,415.2 2,053.1 1,757.7 1,631.6 1,867.5 1,863.1 1,743.7 1,627.8 1,559.3 1,468.7 1,349.3 1,779.5 1,968.7 1,966.1 1,820.7 1,698.3 1,637.7 1,605.8 1,483.5 1,290.2 1,201.1 1,031.1 893.4 892.3 775.1
Operating Income 1,417.0 2,898.2 2,560.9 2,260.8 2,043.7 1,782.7 1,596.0 1,623.7 1,313.4 1,205.8 1,037.8 1,435.2 1,358.3 1,156.1 1,055.0 905.3 761.6 589.9 458.8 992.6 860.9 902.2 796.4 698.3 621.7 622.6 558.4 642.6 630.2 563.1 510.6 474.6 457.2 428.2 390.3 350.5 310.4 266 294.1 270.6
Net Income 883.3 2,221.2 1,861.8 1,644.8 1,477.5 1,278.7 1,149.7 1,177.6 783.0 720.0 513.0 846.9 820.5 660.9 629.0 509.8 436.0 311.4 214.2 559.1 493.2 590.9 457.6 403.6 207.2 334.5 460.3 340.9 336.3 273.2 281.9 184.2 193.3 242.6 219.5 215.9 171.1 213.9 148.2 132.8
EPS (Diluted) 4.34 10.94 9.06 7.96 7.11 6.11 5.46 5.58 3.66 3.34 2.32 3.54 3.61 2.89 2.74 2.21 1.90 1.36 0.93 2.34 1.97 2.24 1.73 1.47 0.75 1.18 1.63 1.17 1.12 0.88 0.85 0.53 0.54 0.67 0.61 0.60 0.48 0.59 0.41 0.36
Balance Sheet
Cash & Equivalents 925.9 730.7 401.9 463.9 329.3 1,144.0 493.3 588.0 380.2 297.0 346.5 374.9 1,118.5 728.3 693.7 884.6 253.6 37.1 129.2 97.1 67.2 54.8 114.8 297.7 134.1 32.0 118.1 39 54.2 61.4 32.3 26.7 16 24.1 71.1 26.6 52.5 70.1 15 27.6
Total Assets 13,741.3 12,946.9 11,902.9 10,948.8 10,412.2 9,131.8 8,140.4 7,703.0 5,553.7 5,524.3 5,344.4 5,629.5 5,357.5 4,754.8 4,412.2 4,272.7 3,675.0 3,634.7 4,247.1 4,157.6 4,295.2 3,797.5 3,582.5 3,480.6 3,247.4 3,447.8 3,346.7 3,404.1 3,291.2 3,184.8 2,830.6 2,891 2,855.1 2,672.9 2,341.8 2,078.8 1,814.1 1,764.7 1,645.2 1,356.3
Total Debt 5,403.1 5,447.6 5,125.6 5,118.0 5,376.1 4,821.1 4,479.9 4,457.6 2,920.5 2,980.2 2,420.5 2,177.8 1,962.0 1,906.9 1,888.2 1,827.3 1,542.0 2,007.5 2,136.4 2,092.1 1,761.9 1,312.9 981.0 879.9 884.9 1,135.8 1,089.8 1,225.1 1,286.6 970.3 770.7 481.9 516.4 537.5 367.5 297.8 234.7 287.9 337.5 219.2
Stockholders' Equity 4,636.8 4,714.7 4,099.1 3,299.5 2,757.2 2,234.4 1,739.2 1,398.7 915.3 785.9 998.0 1,455.1 1,604.8 1,036.7 857.3 902.3 720.5 318.2 592.9 683.4 1,016.4 1,137.1 1,279.9 1,371.7 1,147.2 1,175.0 1,098.6 1,042.3 852.8 1,161 1,083 1,441.1 1,412.3 1,465.3 1,335.3 1,243.5 1,117.1 1,005.9 832.4 727.9
Cash Flow
Operating Cash Flow 2,277.4 2,531.6 2,323.2 2,327.8 2,082.9 1,699.7 1,763.9 1,600.0 1,249.5 983.5 1,214.5 838.2 1,188.4 1,094.8 580.9 901.4 1,065.7 519.6 778.8 723.2 461.8 797.5 592.9 625.3 706.4 412.2 327.7 389.7 476.9 463.7 494.9 337.3 378.9 296.2 347.3 211.8 265.6
Capital Expenditure (528.2) (605.9) (771.1) (519.5) (495.9) (441.6) (318.2) (328.6) (257.7) (269.5) (356.8) (370.8) (350.9) (278.0) (347.6) (201.5) (145.5) (283.0) (203.9) (198.5) (194.3) (195.9) (218.7) (132.7) (160.1) (138.3) (115.4) (161.3) (172.9) (596.6) (153.1) (138.7) (376.4) (249.8) (226.1) (179.4) (162)
Free Cash Flow 1,749.1 1,925.7 1,552.1 1,808.4 1,587.0 1,258.0 1,445.7 1,271.4 991.8 714.0 857.6 467.4 837.5 816.9 233.3 699.9 920.3 236.6 574.9 524.7 267.5 601.6 374.3 492.6 546.3 273.9 212.3 228.4 304 (132.9) 341.8 198.6 2.5 46.4 121.2 32.4 103.6