iHeartMedia, Inc. logo IHRT - iHeartMedia, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 4
HOLD 3
SELL 3
STRONG
SELL
0
| PRICE TARGET: $4.25 DETAILS
HIGH: $5.00
LOW: $3.50
MEDIAN: $4.25
CONSENSUS: $4.25
UPSIDE: 20.06%
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 Q2
Revenue
Revenue 884.2 1,127.2 997.0 933.7 807.1 1,118.3 1,008.1 929.1 799.0 1,066.8 953.0 920.0 811.2 1,125.9 988.9 954.0 843.5 1,062.0 928.1 861.6 706.7 935.5 744.4 487.6 780.6 1,026.1 948.3 891.8 795.8 1,772.5 1,582.8 1,600.8 1,370.0 1,713.9 1,537.4 1,590.4 1,329.3 1,721.1 1,570.4 1,618.5 1,363.5 1,717.6 1,579.5 1,599.9 1,344.6 1,715.8 1,630.0 1,630.2 1,342.5 1,694.4 1,587.5 1,618.1 1,343.1 1,696.3 1,587.3 1,602.5 1,360.7 1,652.8 1,583.4 1,604.4 1,320.8 1,634.6 1,477.3 1,490.0 1,263.8 1,512.1 1,394.0 1,437.9 1,208.0 1,608.8 1,684.6 1,831.1 1,564.2 1,802.2
Cost of Revenue 456.4 466.8 399.1 391.2 356.3 455.8 409.7 382.0 341.4 414.6 380.0 355.1 344.6 412.7 371.7 365.4 330.5 385.6 325.8 320.5 292.8 334.9 270.9 244.1 293.9 332.1 291.0 297.1 267.1 663.7 630.3 636.6 601.3 654.2 621.9 614.4 571.3 631.1 595.6 617.2 568.4 651.7 627.8 615.3 578.5 648.7 646.0 643.2 596.5 703.3 623.9 623.3 594.9 650.5 624.5 607.1 614.4 663.5 636.1 642.3 648.6 722.3 677.1 665.0 661.8 949.0 632.8 687.2 666.0 952.6 730.4 743.5 752.2 676.3
Gross Profit 427.8 660.5 597.9 542.5 450.8 662.5 598.4 547.0 457.7 652.2 573.0 565.0 466.6 713.2 617.2 588.6 512.9 676.5 602.3 541.1 413.9 600.6 473.5 243.5 486.7 693.9 657.4 594.7 528.7 1,108.8 952.5 964.2 768.7 1,059.7 915.5 976.0 758.1 1,090.0 974.8 1,001.3 795.1 1,065.9 951.7 984.6 766.0 1,067.1 984.1 986.9 746.1 991.1 963.6 994.8 748.2 1,045.8 962.8 995.4 746.3 989.3 947.3 962.0 672.2 912.3 800.3 825.0 601.9 563.1 761.2 750.7 542.0 656.3 954.2 1,087.6 812.0 1,125.9
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
SG&A Expenses 416.9 479.3 0 0 380.8 458.1 0 0 385.1 466.0 0 0 402.8 0 0 0 384.3 0 0 0 0 333.4 333.1 293.4 391.8 579.9 341.4 328.2 324.9 514.3 457.8 451.5 473.0 515.1 516.8 447.3 450.6 444.1 421.7 434.6 425.6 432.2 429.0 424.2 416.2 421.1 429.7 420.6 415.8 392.6 433.6 418.4 406.4 220.7 490.7 469.3 492.8 458.3 474.5 464.6 360.5 418.2 365.6 376.6 349.3 214.0 337.1 360.6 377.5 335.2 441.8 445.7 426.4 490.2
Other Expenses 0 95.4 714.1 507.1 95.4 99.9 521.7 1,456.7 107.2 106.5 504.0 1,462.1 112.7 540.3 828.4 505.8 116.3 553.5 522.2 513.0 490.2 154.3 101.1 109.2 1,825.7 96.3 105.1 0 129.7 38.8 0 0 233.5 227.7 170.6 218.0 193.4 114.1 173.0 314.0 (51.1) 256.7 198.0 147.9 256.8 298.2 206.9 262.8 247.4 265.9 260.7 256.2 263.6 476.8 140.2 179.9 172.2 218.6 204.0 186.4 167.0 222.5 154.5 187.4 185.1 173.7 191.6 239.8 178.5 252.3 158.7 159.5 150.2 145.3
Operating Expenses 416.9 574.8 714.1 507.1 476.2 557.9 521.7 1,456.7 492.4 572.4 504.0 1,462.1 515.5 540.3 828.4 505.8 500.6 553.5 522.2 513.0 490.2 487.8 434.1 402.6 2,217.5 497.5 490.8 328.2 493.8 608.9 465.0 446.8 601.3 732.8 687.4 665.3 644.0 558.2 675.5 748.6 374.4 688.9 662.9 572.4 672.9 719.4 636.6 678.5 663.2 690.9 672.1 623.3 666.9 697.5 630.9 649.2 665.1 676.9 678.5 651.0 527.5 640.7 520.1 564.1 534.4 387.6 608.4 600.3 556.0 608.5 665.3 653.2 576.6 635.5
Operating Income
Operating Income 10.9 85.7 (116.3) 35.4 (25.4) 104.5 76.7 (909.7) (34.7) 79.8 69.0 (897.2) (48.9) 172.8 (211.2) 82.9 12.3 123.0 80.1 28.1 (76.4) 112.8 39.4 (159.1) (1,730.8) 165.1 140.8 181.2 19.1 387.2 186.8 181.2 60.9 316.9 228.3 310.7 114.1 531.9 299.4 252.7 420.7 377.0 267.1 412.2 93.1 347.8 347.4 303.6 82.8 332.5 266.7 320.2 81.3 310.7 331.9 346.2 81.2 330.2 268.8 311.0 144.7 301.2 221.1 267.4 75.1 62.1 155.6 (3,890.9) (14.0) (5,264.5) 201.5 461.6 235.0 495.7
Interest Expense 95.9 99.5 101.8 100.9 100.4 92.6 95.7 95.6 95.5 96.1 99.5 98.7 95.5 93.1 87.9 81.5 79.2 79.9 82.5 84.9 85.1 86.1 85.6 82.0 90.1 96.1 101.0 10.6 114.8 97.7 99.3 107.6 418.4 476.8 470.2 463.2 455.3 460.2 459.9 466.0 463.9 456.8 453.9 453.0 441.8 437.3 432.6 440.6 431.1 418.0 438.4 407.5 385.5 400.9 388.2 385.9 374.0 368.4 369.2 358.9 369.7 372.8 389.2 385.6 385.8 359.9 369.3 384.6 387.1 434.3 312.5 82.2 100.0 116.4
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 0.1 0 97.2 97.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 81.9 156.1 291.7 128.3 46.8 88.7 178.5 114.9 161.9 1,126.6 179.2 171.4 57.7 283.3 217.3 209.6 124.3 261.4 212.2 168.4 69.7 215.5 137.6 (55.7) (1,652.4) 259.9 236.1 255.5 149.0 432.9 309.5 328.9 20.9 468.9 373.2 448.7 244.5 574.9 595.4 379.2 570.0 541.0 409.6 596.1 282.2 539.5 525.0 442.3 242.0 344.2 449.8 618.7 262.3 264.9 518.7 531.3 243.9 526.0 478.8 501.4 329.4 470.0 402.5 454.6 316.3 282.3 556.0 (3,269.7) 154.2 (4,995.0) 346.5 634.4 488.6 648.4
EBIT 0.6 68.4 201.6 37.9 (45.1) (10.1) 77.1 10.6 56.7 1,021.1 72.7 63.4 (50.8) 171.8 108.0 98.8 10.3 135.4 104.1 40.5 (37.7) 112.1 38.2 (159.1) (1,749.2) 164.9 140.8 181.6 110.5 321.8 220.0 181.2 (132.0) 311.3 223.5 310.0 98.4 415.8 436.9 217.1 414.6 372.2 243.3 427.7 111.7 353.4 349.2 268.2 67.1 152.6 272.4 439.0 80.1 75.2 336.4 349.5 68.5 333.5 281.3 311.8 145.6 286.7 218.4 270.4 135.0 92.1 365.8 (3,478.0) (21.4) (5,234.9) 184.1 492.2 336.4 507.1
Income Before Tax (95.3) (31.1) 99.8 (65.7) (145.5) (102.7) (20.5) (1,005.9) (38.8) (18.9) (18.2) (979.3) (146.3) 90.4 (296.4) 17.0 (68.9) 43.1 (23.5) (7.5) (162.1) 28.8 (47.3) (241.1) (1,839.2) 49.5 29.1 109.0 (27.2) 224.1 89.6 80.5 (548.9) (165.8) (244.1) (150.6) (356.9) 30.7 (22.9) (248.9) (49.4) (84.6) (210.6) (25.2) (330.0) (83.8) (83.4) (172.4) (364.0) (265.4) (166.0) 31.5 (305.4) (325.8) (51.8) (36.4) (305.5) (34.9) (88.0) (47.2) (224.0) (86.0) (170.8) (115.2) (250.8) (267.8) (3.6) (3,862.6) (408.4) (5,669.2) (128.5) 410.1 236.4 390.6
Income Tax Expense 0.3 10.2 165.6 18.3 135.4 (134.6) 20.8 (24.0) (20.7) (32.8) (9.3) (96.4) 76.1 9.7 13.4 1.8 (20.2) (68.8) (27.1) 24.4 79.9 25.9 (15.2) (43.7) (150.5) (12.7) 16.8 (142.0) (61.2) (0.8) 10.9 142.0 (117.4) (507.5) 2.1 17.4 30.7 (92.7) 5.6 27.1 9.5 5.4 2.8 22.1 56.6 (33.7) 24.4 (0.6) 68.4 36.8 (73.8) 11.5 (96.3) (129.0) (13.2) (8.7) (157.4) (3.5) (20.7) (9.2) (92.7) (30.4) (20.4) (38.0) (71.2) (417.5) 89.1 (184.6) 19.6 (663.4) (52.3) 125.1 66.6 159.8
Net Income (95.2) (41.9) (66.3) (83.5) (281.2) 31.5 (41.3) (981.7) (18.5) 13.1 (9.1) (884.5) (222.3) 79.9 (310.4) 14.4 (48.6) 111.6 3.2 (32.3) (241.7) 3.5 (32.1) (197.3) (1,688.7) 61.4 12.4 251.0 (114.4) 214.9 70.1 (69.9) (415.7) 416.5 (248.2) (174.0) (388.2) 106.0 (35.0) (278.9) (88.5) (93.3) (221.9) (54.5) (385.0) (68.1) (114.9) (186.6) (424.2) (309.2) (101.9) 7.2 (203.0) (191.3) (50.6) (39.0) (143.6) (43.0) (74.1) (53.2) (131.8) (62.7) (154.7) (86.3) (175.4) 147.4 (89.9) (3,673.4) (418.2) (4,997.3) (90.2) 282.3 799.7 236.0
Per Share Data
EPS (Basic) -0.61 -0.27 -0.43 -0.54 -1.84 0.21 -0.27 -6.50 -0.12 0.09 -0.06 -5.93 -1.55 0.56 -2.09 0.10 -0.33 0.78 0.02 -0.22 -1.65 0.02 -0.22 -1.35 -11.60 0.95 0.16 3.34 -1.34 2.36 0.82 -0.82 -4.88 4.89 -2.92 -2.05 -4.58 1.25 -0.41 -3.30 -1.05 -1.11 -2.63 -0.65 -4.58 -0.81 -1.37 -2.22 -5.06 -3.70 -1.22 0.09 -2.44 -2.30 -0.61 -0.47 -1.74 -0.52 -0.90 -0.65 -1.60 -0.76 -1.90 -1.06 -2.15 1.81 -1.10 -45.23 -5.15 -22.79 -0.41 0.57 1.61 0.48
EPS (Diluted) -0.61 -0.27 -0.43 -0.54 -1.84 0.21 -0.28 -6.50 -0.12 0.09 -0.06 -5.93 -1.55 0.56 -2.09 0.10 -0.33 0.78 0.02 -0.22 -1.65 0.02 -0.22 -1.35 -11.60 0.95 0.14 2.93 -1.34 2.36 0.82 -0.82 -4.88 4.89 -2.92 -2.05 -4.58 1.25 -0.41 -3.30 -1.05 -1.11 -2.63 -0.65 -4.58 -0.81 -1.37 -2.22 -5.06 -3.69 -1.22 0.09 -2.44 -2.30 -0.61 -0.47 -1.74 -0.52 -0.90 -0.65 -1.60 -0.76 -1.90 -1.06 -2.15 1.81 -1.10 -45.23 -5.15 -22.79 -0.41 0.57 1.61 0.48
Shares Outstanding 155.8 155.2 155.2 154.3 152.5 148.8 152.0 151.1 149.8 144.7 149.7 149.2 143.3 143.2 148.3 148.1 147.5 141.8 147.0 146.5 146.2 146.1 146.0 146.0 145.6 64.7 75.1 75.1 85.6 91.0 85.5 85.3 85.2 85.2 85.1 84.9 84.8 84.7 84.7 84.5 84.4 84.4 84.3 84.2 84.1 84.1 84.0 83.9 83.8 83.7 83.5 83.2 83.1 83.0 82.8 82.5 82.7 82.7 82.7 82.4 82.3 82.0 81.6 81.5 81.4 81.4 81.4 81.2 81.2 219.3 219.3 495.2 494.7 494.4
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
Current Assets
Cash & Cash Equivalents 135.1 270.9 192.2 235.9 167.7 259.6 431.8 364.7 361.4 346.4 213.5 165.3 187.9 336.2 295.4 294.8 279.7 352.1 369.1 583.3 529.1 720.7 724.6 517.7 646.8 400.3 277.1 127.2 448.1 406.5 311.2 261.8 297.4 267.1 286.4 260.5 365.0 845.0 542.9 951.9 978.5 772.7 382.8 387.4 289.0 457.0 522.4 798.4 660.7 708.2 711.1 704.2 721.6 1,225.0 1,296.6 1,316.5 1,326.1 1,228.7 1,165.4 1,219.2 1,510.8 1,920.9 1,700.8 1,504.7 1,482.3 1,884.0 1,374.8 1,497.5 1,574.8 239.8 154.6 668.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.7 0 0 0 0 0 0 0 5.2 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 0 0 0 0 0
Net Receivables 853.6 959.4 845.8 879.1 817.5 993.3 894.5 898.5 878.4 1,041.2 983.9 1,004.8 935.2 1,037.8 981.1 967.1 906.9 1,030.4 858.0 788.9 704.1 801.4 665.9 570.1 749.9 928.7 843.2 843.1 1,387.1 1,575.2 1,466.9 1,419.0 1,367.0 1,508.4 1,433.0 1,423.6 1,244.6 1,364.4 1,393.0 1,400.6 1,274.3 1,442.0 1,433.4 1,434.2 1,242.1 1,395.2 1,401.5 1,424.2 1,302.2 1,440.5 1,424.4 1,389.1 1,264.5 1,440.2 1,405.3 1,371.3 1,254.9 1,399.1 1,382.3 1,453.3 1,259.9 1,393.4 1,357.2 1,323.7 1,201.4 1,301.7 1,312.3 1,348.7 1,223.4 1,477.9 712.4 1,773.9
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.2 0 0 0 1.2 0 0 0 0.5 0 0 0 0.4 0 0 0 22.5 0 0 0 22.1 0 0 0 24.8 0 0 0 23.8 0 0 0 26.9 0 0 0 23.1 0 0 0 21.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 54.5 38.6 100.1 83.2 34.3 11.6 33.8 18.8 38.1 26.2 14.9 38.9 36.2 19.6 18.3 16.1 43.1 21.3 30.7 37.3 33.8 13.6 25.1 35.7 43.4 12.1 29.9 34.4 75.0 253.4 59.7 97.1 148.6 52.6 77.9 57.9 68.3 85.9 134.9 135.4 126.2 346.3 132.1 141.1 141.6 70.3 169.8 173.0 170.0 129.2 158.6 0 0 107.6 365.5 368.1 386.3 159.8 375.9 352.6 371.9 184.3 343.7 459.3 484.6 341.0 282.1 278.1 303.4 215.6 155.0 328.3
Total Current Assets 1,285.5 1,459.3 1,354.4 1,348.2 1,159.6 1,361.8 1,508.0 1,422.3 1,413.1 1,506.9 1,349 1,336.4 1,271.3 1,472.8 1,408.6 1,372.1 1,315.9 1,472.9 1,356.0 1,511.0 1,366.1 1,619.0 1,496.5 1,209.5 1,525.0 1,416.3 1,271.2 1,113.7 2,090.1 2,235.0 2,078.8 2,023.4 2,082.2 2,067.3 2,027.5 1,973.6 1,942.5 2,504.7 2,276.5 2,702.8 2,618.4 2,810.9 2,165.6 2,185.8 1,917.6 2,180.1 2,299.5 2,612.0 2,350.4 2,513.3 2,479.7 2,461.7 2,369.2 2,993.8 3,067.4 3,055.9 2,967.3 2,985.3 2,923.6 3,025.0 3,142.6 3,622.7 3,401.7 3,287.7 3,168.4 3,658.8 3,065.4 3,229.0 3,231.9 2,066.6 1,022.0 2,908.9
Non-Current Assets
Property, Plant & Equipment 1,002.5 1,024.0 1,070.8 1,092.6 1,121.4 1,158.0 1,171.1 1,196.1 1,222.7 1,263.9 580.8 1,350.4 1,445.2 1,483.1 1,484.1 1,524.2 1,476.2 1,523.5 1,517.5 1,561.0 1,606.7 1,637.6 1,648.7 1,660.1 1,700.6 1,728.6 1,720.3 1,735.0 4,100.5 1,791.1 1,719.1 1,755.3 1,838.8 1,884.7 1,888.1 1,926.7 1,922.6 1,948.2 2,038.9 2,068.5 2,144.4 2,212.6 2,342.1 2,404.9 2,585.8 2,699.1 2,728.7 2,814.3 2,855.4 2,897.6 2,881.3 2,903.7 2,965.9 3,036.9 3,006.5 3,021.5 3,053.0 3,063.3 3,037.2 3,118.2 3,117.8 3,145.6 3,186.5 3,169.5 3,259.7 3,332.4 3,412.1 3,429.5 3,447.8 3,548.2 6.2 3,081.5
Goodwill 1,105.4 1,105.5 1,105.5 1,105.5 1,105.3 1,105.2 1,105.3 1,105.2 1,721.3 1,721.5 1,721.2 1,721.4 2,313.4 2,313.4 2,313.2 2,313.3 2,313.5 2,313.6 2,313.8 2,313.4 2,313.2 2,145.9 2,109.5 2,101.7 2,101.2 3,325.6 3,325.5 3,323.2 4,118.3 4,118.8 4,043.9 4,043.9 4,054.1 4,051.1 4,083.6 4,080.9 4,070.1 4,066.6 4,108.9 4,114.3 4,120.2 4,128.9 4,171.4 4,177.8 4,170.6 4,187.4 4,212.6 4,203.3 4,204.9 4,202.2 4,212.4 4,202.9 4,207.0 4,216.1 4,195.9 4,183.2 4,196.0 4,186.7 4,184.6 4,210.8 4,134.6 4,119.3 4,120.6 4,092.4 4,114.4 4,125.0 4,176.8 4,094.9 7,191.8 7,090.6 6,375.8 7,256.3
Intangible Assets 1,264.7 1,315.2 1,367.9 1,630.1 1,683.8 1,737.5 809.9 1,860.4 2,225.7 2,287.2 2,347.1 2,408.8 2,834.2 2,896.0 2,953.7 3,318.5 3,381.5 3,444.6 3,507.4 3,564.6 3,652.9 3,694.8 3,762.0 3,823.7 3,887.2 4,454.3 4,516.2 4,588.1 3,737.6 3,842.4 3,821.5 3,885.5 3,932.1 3,979.0 3,981.6 4,048.7 4,096.3 4,115.4 4,174.0 4,230.6 4,274.4 4,338.5 4,483.6 4,561.3 4,618.6 4,684.5 4,760.6 4,820.7 4,883.6 4,950.7 5,021.8 5,088.2 5,162.4 5,235.5 5,331.6 5,398.6 5,465.5 5,534.8 5,613.2 5,714.2 5,754.4 5,826.4 5,907.7 5,975.8 6,080.9 6,161.3 6,271.1 6,348.6 7,210.1 7,430.6 312.0 4,990.3
Long-Term Investments 0 182.1 0 0 0 168.5 0 0 0 0 (4,445.6) 0 0 125.2 0 (497.6) (534.4) 85.9 0 0.4 0.5 70.6 0.5 0 0 63.8 (783.9) (773.8) (323.4) 88.7 (360.4) (365.9) (336.8) 118.5 (1,460.9) (1,455.1) (1,460.9) 88.0 (1,541.3) (1,545.0) (1,553.0) 89.0 (1,558.9) (1,562.1) (1,567.0) 28.0 (1,582.1) (1,578.1) (1,571.0) 248.8 (1,473.9) (1,532.6) (1,596.7) 490.5 (1,815.0) (1,823.7) (1,854.7) 437.5 (1,958.0) (2,005.5) (2,000.3) 433.1 (2,065.5) (2,079.5) (2,141.3) 390.0 387.1 390.1 386.3 417.6 28.3 468.7
Other Non-Current Assets 229.7 39.9 189.9 203.0 198.0 40.7 912.1 185.2 175.5 173.2 4,947.7 166.8 171.0 45.4 (356.8) 172.9 139.9 40.8 115.9 113.6 111.6 35.0 104.9 110.9 98.1 32.4 101.7 237.8 239.5 (151.7) 296.0 278.2 285.8 50.5 276.5 271.6 242.2 37.2 226.0 225.1 225.1 7.6 296.6 297.2 289.4 18.9 304.6 301.9 302.9 11.8 636.0 640.0 814.8 28.9 801.0 792.7 807.5 65.2 750.3 813.8 789.2 332.1 777.0 761.4 776.6 378.1 371.9 394.3 (2,059.7) 560.3 14,977.3 (456.3)
Total Non-Current Assets 3,602.4 4,140.5 3,734.2 4,031.1 4,108.5 4,209.9 4,271.0 4,346.8 5,345.2 5,445.7 5,528.5 5,647.4 6,763.9 6,863.1 6,921.1 7,329 7,311.1 7,408.4 7,454.6 7,553.1 7,684.9 7,584.0 7,625.6 7,696.3 7,787.1 9,604.8 9,663.8 9,884.1 12,195.9 10,034.5 9,880.5 9,962.9 10,110.8 10,193.1 10,229.8 10,327.9 10,331.2 10,357.6 10,547.7 10,638.6 10,764.3 11,010.2 11,293.6 11,441.1 11,664.4 11,860.1 12,006.5 12,140.2 12,246.7 12,584.0 12,751.4 12,834.8 13,150.0 13,298.9 13,334.9 13,396.0 13,522.0 13,556.8 13,585.4 13,857.0 13,796.0 13,857.2 13,991.8 13,999.1 14,231.6 14,388.3 14,630.7 14,668.9 18,797.1 19,058.9 24,124.1 16,169.5
Total Assets 4,887.9 5,599.9 5,088.6 5,379.3 5,268.1 5,571.7 5,779.0 5,769.2 6,758.3 6,952.6 6,877.5 6,983.8 8,035.2 8,335.9 8,329.7 8,701.1 8,627.0 8,881.3 8,810.6 9,064.1 9,051.0 9,203.0 9,122.1 8,905.9 9,312.1 11,021.1 10,934.9 10,997.8 14,286.0 12,269.5 11,959.3 11,986.2 12,193.0 12,260.4 12,257.3 12,301.5 12,273.7 12,862.2 12,824.3 13,341.4 13,382.7 13,821.1 13,459.2 13,626.9 13,581.9 14,040.2 14,306.0 14,752.2 14,597.1 15,097.3 15,231.2 15,296.5 15,519.2 16,292.7 16,402.3 16,451.8 16,489.3 16,542.0 16,508.9 16,882.1 16,938.6 17,479.9 17,393.5 17,286.8 17,400.0 18,047.1 17,696.1 17,897.9 22,029.1 21,125.5 25,146.1 19,078.4
Current Liabilities
Account Payables 279.9 271.4 218.5 217.1 210.0 253.3 235.8 222.1 215.4 236.2 179.7 199.9 177.3 240.5 204.9 199.0 156.9 206.0 190.1 183.2 157.0 149.3 125.9 114.4 118.4 117.3 61.4 47.9 146.9 49.4 149.2 150.0 135.9 163.4 157.2 115.4 111.1 142.6 111.1 124.9 117.2 153.3 117.0 122.4 132.4 132.3 130.3 114.0 141.7 131.4 121.3 103.7 104.5 133.2 841.9 793.4 817.4 121.6 843.5 851.5 0 127.3 0 0 0 132.2 106.0 119.7 109.1 155.2 25.2 141.3
Short-Term Debt 74.7 73.4 73.7 73.7 22.5 22.5 1.1 0.6 0.3 0.3 75.9 0.4 0.5 0.7 48.8 42.6 83.6 0.7 0.7 278.3 28.6 34.8 116.2 30.1 30.0 8.9 131.4 53.4 46.7 46.3 0.3 125.4 0.8 14,972.4 619.0 585.5 435.9 342.9 204.6 575.0 185.5 181.5 2.5 2.7 2.8 3.6 3.2 22.0 413.9 453.7 433.5 35.8 68.4 381.7 419.9 323.5 311.7 268.6 285.1 289.9 404.6 867.7 847.5 916.0 800.2 398.8 443.6 298.5 803.4 562.9 0 1,228.4
Deferred Revenue 191.8 190.2 0 178.9 165.6 154.3 162.9 160.3 163.3 158.5 172.0 160.1 144.7 0 151.1 161.9 156.4 133.1 126.1 0 0 0 150.2 156.0 152.8 139.5 139.0 139.4 234.7 208.2 218.7 236.8 249.1 186.4 215.4 233.2 238.8 200.1 238.8 254.9 246.3 210.9 204.2 227.0 217.0 176.0 211.3 245.2 242.4 172.4 193.6 182.5 191.0 172.7 177.0 212.4 210.7 143.2 188.0 220.3 212.8 152.8 198.5 187.5 197.4 149.6 184.6 200.7 205.4 153.2 48.8 225.0
Other Current Liabilities 0 0 154.1 0 0 0 0 0 0 0 (75.6) 0 0 131.1 (48.1) (42.0) (82.9) 0 0 127.7 143.5 123.5 268.2 0 0 0 (77.7) 0 (366.9) 830.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.0 45.1 27.4 114.5 137.9 102.2 0 0 0 0 0 881.1 0 945.3 943.3 891.6 0 0 0 0 0 1,233.7 0
Total Current Liabilities 864.3 967.4 852.3 899.1 729.8 870.3 780.3 739.0 702.1 848.4 742.7 730.8 656.7 831.8 740.0 758.2 687.8 849.4 782.3 1,019.1 733.5 717.8 660.4 593.1 645.8 667.4 636.6 725.6 1,439.6 1,247.6 1,144.2 1,243.4 982.3 16,354.6 1,859.6 1,876.4 1,570.0 1,674.6 1,438.3 1,970.5 1,409.5 1,659.2 1,219.3 1,369.3 1,233.7 1,364.3 1,296.4 1,386.4 1,706.5 1,759.6 1,692.8 1,202.3 1,315.7 1,782.1 1,618.1 1,484.9 1,417.3 1,429.0 1,392.3 1,524.1 1,498.5 2,118.1 1,991.3 2,046.9 1,889.2 1,544.1 1,557.5 1,489.0 1,934.7 1,845.9 1,307.7 2,657.4
Non-Current Liabilities
Long-Term Debt 4,962.3 4,979.7 5,046.6 5,063.8 5,032.1 5,049.0 5,220.8 5,218.2 5,216.5 5,214.8 5,228.3 5,316.0 5,394.9 5,409.0 5,548.6 5,622.2 5,739.4 5,738.2 5,736.6 5,781.0 6,036.4 6,019.4 6,047.4 5,807.1 5,923.7 5,756.5 5,755.3 5,817.1 5,293.4 5,277.1 5,274.5 5,272.1 5,636.7 5,676.8 19,995.9 19,795.4 19,934.6 20,022.1 20,249.8 20,209.7 20,568.9 20,687.1 20,586.0 20,371.8 20,483.2 20,322.4 20,481.5 20,650.1 20,010.5 20,030.5 19,977.8 20,376.3 20,357.8 20,365.4 20,317.9 20,391.3 20,380.4 19,938.5 19,894.7 19,885.1 19,999.7 19,739.6 19,691.0 19,535.3 19,576.7 20,303.1 19,820.2 20,247.5 20,213.3 18,940.7 19,032.3 4,735.2
Deferred Tax Liabilities 80.6 560.6 83.9 245.5 239.1 102.9 272.5 274.8 315.7 339.8 377.2 425.5 556.4 0 526.9 497.6 534.4 558.2 633.8 668.5 647.1 0 522.4 539.3 584.8 737.4 783.9 773.8 323.4 335.0 360.4 365.9 336.8 0 1,460.9 1,455.1 1,460.9 0 1,541.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,689.9 0 1,823.7 1,854.7 1,938.6 1,958.0 2,005.5 2,000.3 2,050.2 2,065.5 2,079.5 2,141.3 2,220.0 2,520.4 2,407.8 2,620.9 2,679.3 0 829.0
Other Non-Current Liabilities 236.0 245.0 211.7 203.6 207.6 204.7 193.1 174.6 173.3 171.5 164.0 152.3 122.8 557.1 70.9 70.3 66.1 52.9 138.7 72.3 71.3 627.7 80.8 129.8 116.1 95.5 118.0 55.4 17,126.2 17,169.7 16,973.4 16,967.1 16,989.9 1,556.5 618.6 616.8 599.6 2,051.1 557.6 2,091.4 2,094.2 2,081.5 2,128.0 2,126.6 2,018.8 1,981.0 2,034.3 2,031.0 2,008.0 2,003.9 1,931.4 2,007.0 2,055.4 438.4 2,313.6 613.8 639.6 0 719.9 737.5 720.6 776.7 865.2 834.4 847.6 824.6 818.6 723.8 643.7 149.5 2,947.4 510.1
Total Non-Current Liabilities 5,945.6 6,459.5 6,025.0 6,206.5 6,184.4 6,073.2 6,408.1 6,404.8 6,454.8 6,488.9 6,541.7 6,656.4 6,906.6 6,819.6 6,996.8 7,049.5 7,067.1 7,116.1 7,230.3 7,256.1 7,503.6 7,434.3 7,422.1 7,247.1 7,406.9 7,408.3 7,451.5 7,452.2 24,412.5 22,582.2 22,608.3 22,605.1 22,963.4 7,233.3 22,075.4 21,867.3 21,995.0 22,051.2 22,348.8 22,301.1 22,663.0 22,768.6 22,714.0 22,498.4 22,502.0 22,341.2 22,515.9 22,681.0 22,018.5 22,034.3 21,909.1 22,383.3 22,413.2 22,505.8 22,631.5 22,828.8 22,874.6 22,585.0 22,572.7 22,628.0 22,720.6 22,566.5 22,621.8 22,449.2 22,565.6 23,347.7 23,159.2 23,379.1 23,477.9 21,769.5 21,979.7 6,074.3
Total Liabilities 6,809.9 7,426.9 6,877.3 7,105.6 6,914.2 6,943.5 7,188.4 7,143.8 7,156.9 7,337.4 7,284.3 7,387.3 7,563.3 7,651.4 7,736.9 7,807.7 7,755.0 7,965.5 8,012.6 8,275.3 8,237.0 8,152.1 8,082.5 7,840.2 8,052.8 8,075.7 8,088.0 8,177.8 25,852.1 23,829.9 23,752.5 23,848.6 23,945.7 23,587.9 23,935.0 23,743.7 23,565.0 23,747.7 23,787.1 24,271.6 24,072.5 24,427.8 23,933.3 23,867.7 23,735.6 23,705.5 23,812.2 24,067.4 23,725.1 23,793.9 23,601.9 23,585.6 23,728.9 24,287.9 24,249.7 24,313.8 24,291.9 24,014.0 23,965.0 24,152.1 24,219.1 24,684.6 24,613.1 24,496.1 24,454.8 24,436.2 24,716.6 24,868.1 25,412.6 23,615.5 23,287.4 8,731.7
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0 49.8
Retained Earnings (4,908.2) (4,812.9) (4,771.1) (4,704.8) (4,621.3) (4,340.1) (4,371.6) (4,330.3) (3,348.7) (3,330.1) (3,343.3) (3,334.2) (2,449.7) (2,227.5) (2,307.4) (1,997) (2,011.4) (1,962.8) (2,074.4) (2,077.6) (2,045.3) (1,803.6) (1,807.1) (1,775.0) (1,577.7) 112.5 51.2 38.8 (13,330.8) (13,345.3) (13,560.3) (13,630.3) (13,543.5) (13,127.8) (13,544.4) (13,296.2) (13,122.2) (12,733.3) (12,839.4) (12,804.4) (12,525.5) (12,437.0) (12,343.7) (12,121.8) (12,067.4) (11,682.4) (11,614.3) (11,499.4) (11,312.8) (10,888.6) (10,579.4) (10,477.5) (10,484.7) (10,281.7) (10,090.5) (10,039.9) (10,000.9) (9,857.3) (9,814.2) (9,740.2) (9,687.0) (9,555.2) (9,492.5) (9,337.8) (9,251.5) (9,076.1) (9,223.5) (9,133.6) (5,460.2) (5,042.0) 0 (17,407.2)
Accumulated Other Comprehensive Income (2.2) (1.9) (1.8) (1.5) (1.8) (1.9) (1.3) (1.6) (1.3) (1.1) (1.8) (1.5) (1.4) (1.3) (1.8) (1.2) (0.5) (0.3) (0.2) (0.1) (0.0) 0.2 (0.3) (0.6) (0.9) (0.8) (0.8) (0.3) (319.3) (318.0) (322.1) (321.2) (311.1) (312.6) (317.2) (331.8) (346.4) (355.9) (348.3) (354.4) (391.7) (414.4) (396.4) (382.7) (386.6) (308.6) (255.0) (201.6) (190.9) (196.1) (200.4) (247.4) (155.2) (153.3) (195.8) (241.9) (211.9) (266.0) (280.6) (180.0) (219.8) (268.8) (319.9) (436.5) (367.1) (333.3) (354.5) (400.4) (474.6) (401.5) 0 354.7
Total Stockholders' Equity (1,925.4) (1,831.6) (1,793.1) (1,730.5) (1,651.4) (1,377.1) (1,414.7) (1,380.3) (405.0) (394.2) (415.7) (413.8) 462.7 674.9 583.8 884.8 864.0 907.4 789.7 780.9 806.1 1,042.5 1,030.5 1,056.5 1,250.2 2,936.3 2,838.5 2,811.7 (11,577.5) (11,591.2) (11,810.6) (11,880.2) (11,783.8) (11,370.2) (11,791.8) (11,558.3) (11,399.1) (11,020.7) (11,119.8) (11,091.5) (10,850.7) (10,784.3) (10,673.7) (10,438.3) (10,369.1) (9,889.3) (9,725.3) (9,557.8) (9,360.8) (8,942.2) (8,637.6) (8,584.3) (8,502.8) (8,299.2) (8,154.5) (8,153.4) (8,087.0) (7,993.7) (7,967.4) (7,792.4) (7,781.3) (7,695.6) (7,691.5) (7,656.0) (7,505.2) (6,844.7) (7,467.9) (7,429.3) (3,827.0) (2,916.2) 1,858.7 9,876.0
Total Liabilities & Equity 4,887.9 5,599.9 5,088.6 5,379.3 5,268.1 5,571.7 5,779.0 5,769.2 6,758.3 6,952.6 6,877.5 6,983.8 8,035.2 8,335.9 8,329.7 8,701.1 8,627.0 8,881.3 8,810.6 9,064.1 9,051.0 9,203.0 9,122.1 8,905.9 9,312.1 11,021.1 10,934.9 10,997.8 14,286.0 12,269.5 11,959.3 11,986.2 12,193.0 12,260.4 12,257.3 12,301.5 12,273.7 12,862.2 12,824.3 13,341.4 13,382.7 13,821.1 13,459.2 13,626.9 13,581.9 14,040.2 14,306.0 14,752.2 14,597.1 15,097.3 15,231.2 15,296.5 15,519.2 16,292.7 16,402.3 16,451.8 16,489.3 16,542.0 16,508.9 16,882.1 16,938.6 17,479.9 17,393.5 17,286.8 17,400.0 18,047.1 17,696.1 17,897.9 22,029.1 21,125.5 25,146.1 19,078.4
Debt Metrics
Total Debt 5,765.8 5,788.3 5,870.3 5,897.9 5,828.9 5,857.6 6,013.9 6,028.7 6,039.9 6,051.8 6,151.9 6,154.9 6,303.0 6,333.1 6,495.9 6,566.2 6,633.1 6,566.3 6,555.3 6,882.2 6,899.1 6,917.9 6,935.1 6,690.6 6,818.7 6,639.4 6,681.0 6,693.4 7,376.5 5,323.4 5,274.8 5,397.5 5,637.5 20,649.2 20,614.9 20,380.9 20,370.5 20,365.0 20,454.4 20,784.7 20,754.4 20,868.6 20,588.4 20,374.5 20,486.0 20,326.0 20,484.8 20,672.1 20,424.4 20,484.2 20,411.2 20,412.1 20,426.1 20,747.1 20,737.8 20,714.8 20,692.1 20,207.2 20,179.8 20,175.0 20,404.2 20,607.4 20,538.5 20,451.4 20,376.9 20,701.9 20,263.8 20,546.0 21,016.7 19,503.6 19,032.3 5,963.6
Net Debt 5,630.8 5,517.3 5,678.1 5,662.0 5,661.2 5,598.0 5,582.2 5,663.9 5,678.5 5,705.4 5,938.4 5,989.6 6,115.1 5,996.9 6,200.5 6,271.4 6,353.4 6,214.1 6,186.2 6,298.9 6,369.9 6,197.3 6,210.5 6,172.9 6,171.9 6,239.1 6,404.0 6,566.3 6,928.4 4,916.9 4,963.7 5,135.8 5,340.1 20,382.1 20,328.5 20,120.4 20,005.4 19,520.0 19,911.5 19,832.8 19,775.9 20,095.9 20,205.6 19,987.1 20,197.0 19,869.0 19,962.4 19,873.6 19,763.6 19,776.1 19,700.2 19,708.0 19,704.6 19,522.1 19,441.2 19,398.3 19,366.0 18,978.5 19,014.4 18,955.8 18,893.4 18,686.4 18,837.7 18,946.6 18,894.6 18,817.9 18,889.0 19,048.5 19,441.9 19,263.8 18,877.7 5,295.5
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 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
Operating Activities
Net Income (95.2) (41.3) (65.8) (84.0) (280.9) 31.9 (41.3) (982.0) (18.1) 14.0 (9.0) (883.0) (222.4) 80.7 (309.8) 15.2 (48.7) 112.0 3.7 (32.0) (242.1) 2.9 (32.1) (197.3) (1,688.7) 61.4 12.4 9,482.6 (135.6) 224.9 71.8 (67.8) (431.6) 341.8 (246.2) (168.0) (387.6) 123.4 (28.5) (276.0) (58.9) (90.1) (213.5) (47.3) (386.6) (50.2) (107.8) (171.8) (432.4) (302.2) (92.2) 20.0 (209.1) (196.8) (38.6) (27.7) (148.1) (31.4) (67.3) (38.0) (131.4) (55.6) (150.4) (77.2) (179.6) 149.7 (92.7) (3,678.0) (428.0) (5,005.8) (60.1) 268.9 169.8
Depreciation & Amortization 81.4 87.7 90.1 90.4 91.9 98.7 101.3 104.4 105.2 105.5 106.5 108.1 108.5 111.5 109.3 110.8 114.1 126.0 108.1 127.9 107.4 103.4 99.4 103.3 96.8 95.6 95.3 73.9 113.4 111.1 120.7 147.6 151.4 157.6 149.7 147.8 146.1 159.2 158.5 162.1 155.5 168.8 166.3 168.4 170.5 186.1 175.9 174.1 174.9 191.6 177.3 179.7 182.2 189.7 182.3 181.8 175.4 192.4 197.5 189.6 183.7 183.3 184.1 184.2 181.3 191.5 190.2 208.2 175.6 239.9 162.5 142.2 152.3
Stock-Based Compensation 0 3.4 4.0 4.7 7.5 6.7 6.7 7.2 7.9 7.8 7.7 8.9 10.2 10.9 10.4 8.6 5.5 6.0 6.0 5.9 5.7 8.1 5.9 4.2 4.3 6.3 17.1 3.1 2.2 2.2 3.6 2.1 2.7 3.1 3.5 2.4 3.1 2.8 3.4 3.8 3.1 3.0 3.0 2.4 2.5 2.6 2.2 2.8 3.0 2.6 2.8 5.8 5.5 8.4 7.4 5.8 6.9 6.4 6.3 5.7 2.3 9.3 8.3 8.5 8.1 11.3 9.2 9.5 9.8 9.4 48.9 10.8 9.6
Change in Working Capital (42.0) 184.3 (93.2) (12.4) (31.3) 35.7 44.3 13.2 (36.3) 64.9 51.8 1.3 (68.6) 73.0 (40.4) 57.1 (99.8) (42.4) (31.5) (46.0) 78.5 (90.6) (28.2) 133.2 87.0 (29.8) 16.9 (165.2) (0.1) (50.2) (34.6) (46.9) 377.3 46.5 (49.7) 5.4 (169.1) 146.1 (104.8) 59.5 (69.8) 174.8 (142.6) (30.1) (42.6) 118.8 (37.6) (38.8) 87.4 67.0 44.3 (99.0) 1.6 165.2 (84.1) (51.0) (7.3) 52.9 (85.4) 14.1 (171.8) 70.7 162.7 (92.4) 111.5 (33.4) 41.0 (9.0) 24.6 226.5 92.8 (108.4) 71.4
Other Non-Cash Items (30.6) (80.7) 216.9 1.8 15.7 (2.2) (6.0) 924.9 (93.9) (0.5) (12.6) 953 5.7 (19.5) 304.3 0.9 0.5 7.9 44.3 (47.7) 43.9 25.6 5.3 13.3 1,744.5 71.9 24.1 (11,327.9) 114.5 19.3 54.7 95.9 194.3 6.7 28.8 (11.6) (26.0) (88.8) (115.8) 118.6 (269.1) 17.1 62.5 (95.6) 3.9 27.1 (27.6) 72.3 50.1 217.9 31.1 (96.1) 40.3 312.6 6.9 37.0 67.4 53.3 38.7 47.5 52.6 98.5 94.1 51.5 (7.3) 150.6 (130.0) 3,715.8 82.6 5,360.0 82.4 (16.3) (166.1)
Operating Cash Flow (92.5) 156.3 (9.5) 6.8 (60.9) 1.2 102.8 26.7 (59.3) 154.1 96.2 56.8 (94.0) 213.4 103.1 155.8 (52.2) 134.0 95.7 29.1 71.7 79.8 33.3 11.4 91.5 205.4 180.3 (46.0) 89.0 303.3 219.0 268.9 175.5 55.0 (104.3) (25.4) (429.0) 258.6 (90.9) 58.8 (240.5) 285.8 (123.5) (3.4) (236.2) 273.6 17.7 45.4 (91.6) 214.0 91.7 (6.2) (86.6) 332.5 39.6 120.8 (4.2) 252.6 57.9 188.8 (125.3) 265.8 263.8 22.6 30.2 171.1 94.1 43.1 (127.0) 205.1 409.9 321.3 279.7
Investing Activities
Capital Expenditure (21.9) (18.7) (23.3) (20.0) (19.7) (25.4) (29.4) (21.2) (21.6) (12.2) (28.5) (22.8) (39.2) (48.4) (40.4) (49.7) (22.6) (82.0) (50.3) (32.1) (18.9) (26.7) (19.0) (17.9) (21.7) (29.7) (28.9) (30.7) (51.1) (138.8) (68.9) (49.9) (38.7) (107.0) (48.3) (85.6) (51.0) (113.7) (77.3) (66.9) (56.8) (103.9) (67.6) (68.4) (56.5) (123.2) (53.6) (74.0) (67.4) (127.3) (64.6) (71.1) (61.6) (96.1) (101.3) (117.4) (75.6) (144.1) (77.7) (76.5) (64.0) (88.2) (66.0) (48.1) (55.3) (73.0) (51.2) (46.3) (53.3) (141.3) (77.4) (34.1) (177.6)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (14.6) 0 (230.8) (49.4) (2.5) (10.2) 0 0 (2.0) 0 0 (74.3) 0 0 0 0 0 0 0 0.5 0 0 (0.5) (24.7) 0 0 0 (221.0) 0.8 0 221.0 (0.1) 0 0 0 (50.1) 0 0 0 (12.5) (0.7) 0 0 11.7 (0.9) (0.4) (10.4) (8.3) 0 0 (4.8) (177.1) 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 (10.0) 0 0 0 0 (0.6) 0 0 (0.3) 2.6 (24.4) (3.6) (1.5) (29.0) 0 0 0 (1.2) 0 0 0 230.3 0 0 (221.0) 0 0 0 0 0 0 0 0 14.4 0 0 0 (0.2) 0 0 0 1.0 0 0 4.8 (0.1) 0 0 0
Sales/Maturities of Investments 0 0 1 0.7 0 0 0 0.4 101.4 0 3.1 0 0 0.9 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 11.2 7.4 0.3 0.0 0.0 3.8 1.2 5.4 0 0 0 0 0 0 0.6 (0.0) 15.8 0 221.0 135.5 0.1 0 0 0 0 0 0 6.9 0 0 0 0.2 1 0 0 0.2 10.8 5.8 24.8 (31.3) 56.9 129.0 18.9
Other Investing Activities (1.6) 10.3 5.0 (1.2) (0.3) 2.4 (2.9) (1.3) (1.8) 0.9 44.7 1.9 0.7 1.1 7.2 19.7 2.9 (4.9) 23.3 63.2 0.4 (0.6) 1.0 9.1 (0.1) 0.2 4.8 (195.8) (1.3) 3.0 1.1 1.4 1.5 13.3 9.0 4.4 51 281.4 6.8 (13.1) 574.1 (13.9) 5.2 335.4 25.3 (11.5) (7.2) 2.9 (0.9) (113.6) 10.7 154.1 4.4 (5.7) 47.3 (3.1) 4.9 (20.4) (4.4) (20.2) 31.2 1.6 6.1 14.6 (5.9) 5.4 5.3 12.6 24.4 146.3 (17,725.8) (105.9) 1,090.5
Investing Cash Flow (23.5) (8.4) (17.2) (20.6) (20.1) (23.0) (32.4) (22.1) 78.0 (11.3) 19.3 (20.8) (38.4) (46.4) (33.1) (30.0) (19.7) (86.9) (41.6) 31.1 (249.3) (76.6) (20.5) (18.9) (31.8) (29.5) (26.0) (226.5) (52.4) (210.6) (56.6) (41.1) (37.2) (91.1) (63.7) (81.0) (0.3) 144.6 (70.5) (80.0) 516.8 (143.7) (62.4) 266.9 (30.6) (125.3) (45.0) (71.1) 152.7 (105.4) (53.8) 83.1 (57.2) (151.9) (54.0) (120.5) (70.6) (155.8) (82.8) (96.7) (32.8) (74.9) (59.8) (33.9) (71.7) (74.7) (35.1) (27.8) (4.1) (203.5) (17,746.3) (11.0) 931.8
Financing Activities
Net Debt Issuance (16.9) (68.8) (16.4) 82.8 (10.0) (150.8) (0.3) (0.2) (0.1) (9.9) (65.3) (57.7) (15.6) (126.1) (68.2) (105.6) (0.2) (63.9) (267.9) (7.1) (13.5) (7.0) 187.7 (120.9) 187.6 (44.4) 9 (1.8) (6.2) (0.1) (126.0) (264.2) (89.3) 35.4 210.8 0.9 (27.1) (99.5) (225.0) (2.2) (1.1) 262.2 189.3 (120.8) 136.9 (153.0) (212.2) 181.6 (100.8) (29.0) (24.9) (34.2) (340.8) (202.3) (3.5) (2.3) 452.0 (25.5) (17.8) (335.1) (249.2) 163.9 (5.6) 38.3 (360.5) (26.7) (169.4) (579.5) 1,466.1 (9.6) (609.2) (142.7) (665.8)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 (0.1) (0.1) 0 (0.0) (0.0) (2.5) (1.3)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.5) (0.1) (9.4) 0 0 0 0 0 0 0 (89.6) 0 0 (72.2) 0 0 0 0 (40.0) 0 0 (4.0) (91.9) 0 0 0 0 0 0 (244.7) 0 0 0 0 0 0 0 0 0 0 0 0 (93.4) 0 0 (93.4)
Other Financing Activities (2.7) (0.4) (0.4) (1.1) (1.1) 0.9 (3.4) (1.1) (3.4) (0.3) (1.8) (1.2) (0.3) (0.3) (0.7) (4.7) (0.3) (0.1) (0.4) 1.0 (0.3) (0.4) (4.6) (0.9) (0.3) (8.5) (13.4) (55.9) 8.3 10.8 (6.3) (4.2) (3.2) (21.2) (18.2) (2.0) (27.5) 93.5 (21.2) 0.3 (1.1) (11.5) (0.5) (46.2) (31.9) (15.6) (32.7) (20.2) (1.2) 8.2 (8.7) (61.0) (13.5) (50.0) (1.9) (7.5) (35.0) (7.9) (11.1) (48.7) (2.8) (134.8) (2.3) (4.5) 0.2 439.6 (12.2) 486.9 0 4.2 17,521.2 (99.1) 6.0
Financing Cash Flow (19.6) (69.2) (16.8) 81.7 (11.0) (149.9) (3.6) (1.3) (3.5) (10.2) (67.1) (58.9) (15.9) (126.5) (68.9) (110.2) (0.5) (64.0) (268.2) (6.1) (13.8) (7.5) 183.1 (121.8) 187.3 (52.9) (4.4) (58.2) 2.0 1.3 (132.3) (268.4) (92.4) 14.3 192.6 (1.0) (54.6) (95.6) (246.3) (1.9) (74.4) 250.7 188.7 (167.0) 105.0 (208.6) (244.9) 161.5 (106.0) (112.8) (33.6) (95.3) (354.3) (252.3) (5.4) (9.9) 172.2 (33.5) (28.8) (383.8) (252.0) 29.1 (7.9) 33.8 (360.3) 412.9 (181.7) (92.6) 1,466.1 (5.5) 16,912.1 (244.3) (754.4)
Cash Position
Net Change in Cash (135.9) 78.7 (43.7) 68.2 (91.9) (172.2) 67.0 3.3 15.0 132.9 48.2 (23.0) (148.3) 40.8 0.6 15.1 (72.4) (17.0) (214.2) 54.1 (191.5) (3.9) 196.1 (129.1) 246.5 123.3 149.6 (256.8) 39.3 92.2 26.2 (48.6) 49.2 (19.3) 25.9 (104.6) (480.0) 302.1 (408.9) (26.7) 205.9 389.8 (4.6) 98.4 (168.0) (65.3) (276.1) 137.7 (47.4) (2.9) 6.9 (17.4) (503.4) (71.6) (19.9) (9.5) 97.4 63.3 (53.8) (291.6) (410.1) 220.1 196.1 22.4 (401.7) 509.2 (122.7) (77.3) 1,335.0 144.5 (424.3) 66.0 457.0
Cash at Beginning 270.9 192.2 235.9 167.7 259.6 431.8 364.7 361.4 346.4 213.5 165.3 188.4 336.7 295.8 295.3 280.1 352.6 369.5 583.8 529.7 721.2 725.1 529.0 658.1 411.6 362.3 212.8 469.6 430.3 338.1 311.9 360.5 311.3 286.4 260.5 365.0 845.0 542.9 951.9 978.5 772.7 382.8 387.4 289.0 457.0 522.4 798.4 660.7 708.2 711.1 704.2 721.6 1,225.0 1,296.6 1,316.5 1,326.1 1,228.7 1,165.4 1,219.2 1,510.8 1,920.9 1,700.8 1,504.7 1,482.3 1,884.0 1,374.8 1,497.5 1,574.8 239.8 243.7 668.1 602.1 145.1
Cash at End 135.1 270.9 192.2 235.9 167.7 259.6 431.8 364.7 361.4 346.4 213.5 165.3 188.4 336.7 295.8 295.3 280.1 352.6 369.5 583.8 529.7 721.2 725.1 529.0 658.1 485.6 362.3 212.8 469.6 430.3 338.1 311.9 360.5 267.1 286.4 260.5 365.0 845.0 542.9 951.9 978.5 772.7 382.8 387.4 289.0 457.0 522.4 798.4 660.7 708.2 711.1 704.2 721.6 1,225.0 1,296.6 1,316.5 1,326.1 1,228.7 1,165.4 1,219.2 1,510.8 1,920.9 1,700.8 1,504.7 1,482.3 1,884.0 1,374.8 1,497.5 1,574.8 388.2 243.7 668.1 602.1
Free Cash Flow (114.5) 137.6 (32.8) (13.2) (80.7) (24.2) 73.3 5.6 (80.9) 141.9 67.7 34.0 (133.1) 165.0 62.8 106.1 (74.8) 51.9 45.5 (3.0) 52.8 53.1 14.3 (6.5) 69.9 175.7 151.5 (76.7) 37.9 164.6 150.0 219.0 136.8 (52.0) (152.7) (111.0) (480.0) 144.9 (168.3) (8.1) (297.3) 182.0 (191.2) (71.8) (292.7) 150.4 (35.8) (28.6) (159.1) 86.8 27.1 (77.3) (148.2) 236.5 (61.7) 3.4 (79.8) 108.4 (19.8) 112.3 (189.3) 177.7 197.8 (25.5) (25.1) 98.1 42.8 (3.2) (180.3) 63.8 332.5 287.1 102.1
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 Q2
Income Statement
Revenue 884.2 1,127.2 997.0 933.7 807.1 1,118.3 1,008.1 929.1 799.0 1,066.8 953.0 920.0 811.2 1,125.9 988.9 954.0 843.5 1,062.0 928.1 861.6 706.7 935.5 744.4 487.6 780.6 1,026.1 948.3 891.8 795.8 1,772.5 1,582.8 1,600.8 1,370.0 1,713.9 1,537.4 1,590.4 1,329.3 1,721.1 1,570.4 1,618.5 1,363.5 1,717.6 1,579.5 1,599.9 1,344.6 1,715.8 1,630.0 1,630.2 1,342.5 1,694.4 1,587.5 1,618.1 1,343.1 1,696.3 1,587.3 1,602.5 1,360.7 1,652.8 1,583.4 1,604.4 1,320.8 1,634.6 1,477.3 1,490.0 1,263.8 1,512.1 1,394.0 1,437.9 1,208.0 1,608.8 1,684.6 1,831.1 1,564.2 1,802.2
Gross Profit 427.8 660.5 597.9 542.5 450.8 662.5 598.4 547.0 457.7 652.2 573.0 565.0 466.6 713.2 617.2 588.6 512.9 676.5 602.3 541.1 413.9 600.6 473.5 243.5 486.7 693.9 657.4 594.7 528.7 1,108.8 952.5 964.2 768.7 1,059.7 915.5 976.0 758.1 1,090.0 974.8 1,001.3 795.1 1,065.9 951.7 984.6 766.0 1,067.1 984.1 986.9 746.1 991.1 963.6 994.8 748.2 1,045.8 962.8 995.4 746.3 989.3 947.3 962.0 672.2 912.3 800.3 825.0 601.9 563.1 761.2 750.7 542.0 656.3 954.2 1,087.6 812.0 1,125.9
Operating Income 10.9 85.7 (116.3) 35.4 (25.4) 104.5 76.7 (909.7) (34.7) 79.8 69.0 (897.2) (48.9) 172.8 (211.2) 82.9 12.3 123.0 80.1 28.1 (76.4) 112.8 39.4 (159.1) (1,730.8) 165.1 140.8 181.2 19.1 387.2 186.8 181.2 60.9 316.9 228.3 310.7 114.1 531.9 299.4 252.7 420.7 377.0 267.1 412.2 93.1 347.8 347.4 303.6 82.8 332.5 266.7 320.2 81.3 310.7 331.9 346.2 81.2 330.2 268.8 311.0 144.7 301.2 221.1 267.4 75.1 62.1 155.6 (3,890.9) (14.0) (5,264.5) 201.5 461.6 235.0 495.7
Net Income (95.2) (41.9) (66.3) (83.5) (281.2) 31.5 (41.3) (981.7) (18.5) 13.1 (9.1) (884.5) (222.3) 79.9 (310.4) 14.4 (48.6) 111.6 3.2 (32.3) (241.7) 3.5 (32.1) (197.3) (1,688.7) 61.4 12.4 251.0 (114.4) 214.9 70.1 (69.9) (415.7) 416.5 (248.2) (174.0) (388.2) 106.0 (35.0) (278.9) (88.5) (93.3) (221.9) (54.5) (385.0) (68.1) (114.9) (186.6) (424.2) (309.2) (101.9) 7.2 (203.0) (191.3) (50.6) (39.0) (143.6) (43.0) (74.1) (53.2) (131.8) (62.7) (154.7) (86.3) (175.4) 147.4 (89.9) (3,673.4) (418.2) (4,997.3) (90.2) 282.3 799.7 236.0
EPS (Diluted) -0.61 -0.27 -0.43 -0.54 -1.84 0.21 -0.28 -6.50 -0.12 0.09 -0.06 -5.93 -1.55 0.56 -2.09 0.10 -0.33 0.78 0.02 -0.22 -1.65 0.02 -0.22 -1.35 -11.60 0.95 0.14 2.93 -1.34 2.36 0.82 -0.82 -4.88 4.89 -2.92 -2.05 -4.58 1.25 -0.41 -3.30 -1.05 -1.11 -2.63 -0.65 -4.58 -0.81 -1.37 -2.22 -5.06 -3.69 -1.22 0.09 -2.44 -2.30 -0.61 -0.47 -1.74 -0.52 -0.90 -0.65 -1.60 -0.76 -1.90 -1.06 -2.15 1.81 -1.10 -45.23 -5.15 -22.79 -0.41 0.57 1.61 0.48
Balance Sheet
Cash & Equivalents 135.1 270.9 192.2 235.9 167.7 259.6 431.8 364.7 361.4 346.4 213.5 165.3 187.9 336.2 295.4 294.8 279.7 352.1 369.1 583.3 529.1 720.7 724.6 517.7 646.8 400.3 277.1 127.2 448.1 406.5 311.2 261.8 297.4 267.1 286.4 260.5 365.0 845.0 542.9 951.9 978.5 772.7 382.8 387.4 289.0 457.0 522.4 798.4 660.7 708.2 711.1 704.2 721.6 1,225.0 1,296.6 1,316.5 1,326.1 1,228.7 1,165.4 1,219.2 1,510.8 1,920.9 1,700.8 1,504.7 1,482.3 1,884.0 1,374.8 1,497.5 1,574.8 239.8 154.6 668.1
Total Assets 4,887.9 5,599.9 5,088.6 5,379.3 5,268.1 5,571.7 5,779.0 5,769.2 6,758.3 6,952.6 6,877.5 6,983.8 8,035.2 8,335.9 8,329.7 8,701.1 8,627.0 8,881.3 8,810.6 9,064.1 9,051.0 9,203.0 9,122.1 8,905.9 9,312.1 11,021.1 10,934.9 10,997.8 14,286.0 12,269.5 11,959.3 11,986.2 12,193.0 12,260.4 12,257.3 12,301.5 12,273.7 12,862.2 12,824.3 13,341.4 13,382.7 13,821.1 13,459.2 13,626.9 13,581.9 14,040.2 14,306.0 14,752.2 14,597.1 15,097.3 15,231.2 15,296.5 15,519.2 16,292.7 16,402.3 16,451.8 16,489.3 16,542.0 16,508.9 16,882.1 16,938.6 17,479.9 17,393.5 17,286.8 17,400.0 18,047.1 17,696.1 17,897.9 22,029.1 21,125.5 25,146.1 19,078.4
Total Debt 5,765.8 5,788.3 5,870.3 5,897.9 5,828.9 5,857.6 6,013.9 6,028.7 6,039.9 6,051.8 6,151.9 6,154.9 6,303.0 6,333.1 6,495.9 6,566.2 6,633.1 6,566.3 6,555.3 6,882.2 6,899.1 6,917.9 6,935.1 6,690.6 6,818.7 6,639.4 6,681.0 6,693.4 7,376.5 5,323.4 5,274.8 5,397.5 5,637.5 20,649.2 20,614.9 20,380.9 20,370.5 20,365.0 20,454.4 20,784.7 20,754.4 20,868.6 20,588.4 20,374.5 20,486.0 20,326.0 20,484.8 20,672.1 20,424.4 20,484.2 20,411.2 20,412.1 20,426.1 20,747.1 20,737.8 20,714.8 20,692.1 20,207.2 20,179.8 20,175.0 20,404.2 20,607.4 20,538.5 20,451.4 20,376.9 20,701.9 20,263.8 20,546.0 21,016.7 19,503.6 19,032.3 5,963.6
Stockholders' Equity (1,925.4) (1,831.6) (1,793.1) (1,730.5) (1,651.4) (1,377.1) (1,414.7) (1,380.3) (405.0) (394.2) (415.7) (413.8) 462.7 674.9 583.8 884.8 864.0 907.4 789.7 780.9 806.1 1,042.5 1,030.5 1,056.5 1,250.2 2,936.3 2,838.5 2,811.7 (11,577.5) (11,591.2) (11,810.6) (11,880.2) (11,783.8) (11,370.2) (11,791.8) (11,558.3) (11,399.1) (11,020.7) (11,119.8) (11,091.5) (10,850.7) (10,784.3) (10,673.7) (10,438.3) (10,369.1) (9,889.3) (9,725.3) (9,557.8) (9,360.8) (8,942.2) (8,637.6) (8,584.3) (8,502.8) (8,299.2) (8,154.5) (8,153.4) (8,087.0) (7,993.7) (7,967.4) (7,792.4) (7,781.3) (7,695.6) (7,691.5) (7,656.0) (7,505.2) (6,844.7) (7,467.9) (7,429.3) (3,827.0) (2,916.2) 1,858.7 9,876.0
Cash Flow
Operating Cash Flow (92.5) 156.3 (9.5) 6.8 (60.9) 1.2 102.8 26.7 (59.3) 154.1 96.2 56.8 (94.0) 213.4 103.1 155.8 (52.2) 134.0 95.7 29.1 71.7 79.8 33.3 11.4 91.5 205.4 180.3 (46.0) 89.0 303.3 219.0 268.9 175.5 55.0 (104.3) (25.4) (429.0) 258.6 (90.9) 58.8 (240.5) 285.8 (123.5) (3.4) (236.2) 273.6 17.7 45.4 (91.6) 214.0 91.7 (6.2) (86.6) 332.5 39.6 120.8 (4.2) 252.6 57.9 188.8 (125.3) 265.8 263.8 22.6 30.2 171.1 94.1 43.1 (127.0) 205.1 409.9 321.3 279.7
Capital Expenditure (21.9) (18.7) (23.3) (20.0) (19.7) (25.4) (29.4) (21.2) (21.6) (12.2) (28.5) (22.8) (39.2) (48.4) (40.4) (49.7) (22.6) (82.0) (50.3) (32.1) (18.9) (26.7) (19.0) (17.9) (21.7) (29.7) (28.9) (30.7) (51.1) (138.8) (68.9) (49.9) (38.7) (107.0) (48.3) (85.6) (51.0) (113.7) (77.3) (66.9) (56.8) (103.9) (67.6) (68.4) (56.5) (123.2) (53.6) (74.0) (67.4) (127.3) (64.6) (71.1) (61.6) (96.1) (101.3) (117.4) (75.6) (144.1) (77.7) (76.5) (64.0) (88.2) (66.0) (48.1) (55.3) (73.0) (51.2) (46.3) (53.3) (141.3) (77.4) (34.1) (177.6)
Free Cash Flow (114.5) 137.6 (32.8) (13.2) (80.7) (24.2) 73.3 5.6 (80.9) 141.9 67.7 34.0 (133.1) 165.0 62.8 106.1 (74.8) 51.9 45.5 (3.0) 52.8 53.1 14.3 (6.5) 69.9 175.7 151.5 (76.7) 37.9 164.6 150.0 219.0 136.8 (52.0) (152.7) (111.0) (480.0) 144.9 (168.3) (8.1) (297.3) 182.0 (191.2) (71.8) (292.7) 150.4 (35.8) (28.6) (159.1) 86.8 27.1 (77.3) (148.2) 236.5 (61.7) 3.4 (79.8) 108.4 (19.8) 112.3 (189.3) 177.7 197.8 (25.5) (25.1) 98.1 42.8 (3.2) (180.3) 63.8 332.5 287.1 102.1