Keurig Dr Pepper Inc. logo KDP - Keurig Dr Pepper Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 15
HOLD 13
SELL 0
STRONG
SELL 0
| PRICE TARGET: $32.33 DETAILS
HIGH: $38.00
LOW: $28.00
MEDIAN: $32.00
CONSENSUS: $32.33
UPSIDE: 11.02%
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 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1
Revenue
Revenue 3,976 4,499 4,306 4,163 3,635 4,070 3,891 3,922 3,468 3,867 3,805 3,789 3,353 3,803 3,622 3,554 3,078 3,391 3,250 3,140 2,902 3,121 3,020 2,864 2,613 2,934 2,870 2,812 2,504 2,813 2,732 949 948 1,643 1,740 1,797 1,510 1,578 1,680 1,695 1,487 1,546 1,630 1,655 1,451 1,509 1,583 1,631 1,398 1,463 1,543 1,611 1,380 1,484 1,528 1,621 1,362 1,461 1,529 1,582 1,331 1,412 1,457 1,519 1,248 1,356 1,434 1,481 1,260 1,341 1,494 1,545 1,295 1,401 1,535 1,406 1,406 424 1,437 1,437 1,437
Cost of Revenue 1,878 2,080 1,966 1,908 1,650 1,793 1,751 1,750 1,528 1,683 1,694 1,748 1,609 1,807 1,721 1,778 1,428 1,619 1,415 1,370 1,302 1,353 1,316 1,302 1,161 1,241 1,245 1,186 1,106 1,255 1,367 458 467 663 707 718 607 627 683 670 602 610 673 674 602 614 658 665 554 583 650 676 590 605 626 685 584 604 672 662 547 554 600 593 496 528 579 596 531 587 709 694 565 0 0 0 0 0 0 0 0
Gross Profit 2,098 2,419 2,340 2,255 1,985 2,277 2,140 2,172 1,940 2,184 2,111 2,041 1,744 1,996 1,901 1,776 1,650 1,772 1,835 1,770 1,600 1,768 1,704 1,562 1,452 1,693 1,625 1,626 1,398 1,558 1,365 491 481 980 1,033 1,079 903 951 997 1,025 885 936 957 981 849 895 925 966 844 880 893 935 790 879 902 936 778 857 857 920 784 858 857 926 752 828 855 885 729 754 785 851 730 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 1,342 1,422 1,344 1,356 1,192 1,297 1,245 1,295 1,176 1,258 1,217 1,272 1,165 1,227 1,196 1,204 1,018 1,113 1,040 1,039 961 1,000 949 1,001 1,028 1,011 1,012 1,028 911 999 1,028 321 300 612 640 681 620 590 603 590 546 583 592 586 552 607 581 592 554 583 563 619 563 555 561 599 553 553 559 598 547 551 564 587 531 539 547 550 499 489 542 536 508 0 0 0 0 0 0 0 0
Other Expenses 0 37 0 1 (8) 917 (7) 16 (1) (17) (2) 0 (5) 96 311 0 (334) (66) 0 (3) (1) 68 2 0 (42) (31) 33 11 (11) 12 (8) 3 3 5 26 23 (3) 26 21 23 26 31 28 26 27 32 28 26 30 33 30 31 30 32 33 37 33 33 37 32 35 39 33 29 34 38 36 38 (35) 1,101 30 46 36 1,401 1,535 1,406 1,406 424 1,437 1,437 1,437
Operating Expenses 1,342 1,459 1,344 1,357 1,184 2,214 1,238 1,311 1,175 1,241 1,215 1,272 1,160 1,323 1,507 1,204 684 1,047 1,040 1,036 960 1,068 951 1,001 986 980 1,045 1,039 900 1,011 1,020 324 303 617 666 704 617 616 624 613 572 614 620 612 579 639 609 618 584 616 593 650 593 587 594 636 586 586 596 630 582 590 597 616 565 577 583 588 464 1,590 572 582 544 1,401 1,535 1,406 1,406 424 1,437 1,437 1,437
Operating Income
Operating Income 756 960 995 898 801 63 902 861 765 943 896 769 584 673 394 572 966 725 795 734 640 700 753 561 466 713 580 587 498 547 345 167 178 363 367 375 286 335 373 412 313 322 337 369 270 256 316 348 260 264 300 285 197 292 308 300 192 271 261 290 202 268 260 310 187 251 272 297 265 (836) 213 269 186 (3,343) 1,535 1,406 1,406 (3,266) 1,437 1,437 1,437
Interest Expense 281 238 188 182 119 173 175 182 152 141 135 133 187 113 111 88 255 124 109 120 132 148 148 152 149 154 158 168 167 147 175 83 41 39 44 45 43 48 32 33 33 34 28 28 27 29 27 27 26 29 29 31 34 31 31 31 32 29 30 28 27 34 31 29 34 85 51 52 55 58 59 92 48 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 0 1 0 1 0 0 1 1 0 1 0 1 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 2 3 10 17 0 0 0 0 0 0 0 0
Profitability
EBITDA 638 734 1,246 1,083 971 276 1,083 1,081 942 1,145 1,078 960 790 860 562 564 1,135 1,413 964 916 713 867 897 725 521 875 746 759 636 706 530 241 228 422 414 382 348 363 431 490 370 384 392 425 327 320 369 406 322 326 (69) 385 257 352 369 367 255 340 323 349 263 241 318 368 245 305 345 350 318 (748) 266 327 251 (3,343) 1,535 1,406 1,406 (3,266) 1,437 1,437 1,437
EBIT 638 695 1,040 898 808 93 908 876 772 963 901 785 604 681 390 388 953 1,228 794 738 538 704 732 563 358 707 571 586 484 538 367 175 163 365 357 327 288 305 376 435 314 325 336 369 271 259 312 349 262 266 (128) 327 200 294 312 302 195 275 266 293 205 183 262 313 191 249 293 300 269 (810) 223 280 203 (3,343) 1,535 1,406 1,406 (3,266) 1,437 1,437 1,437
Income Before Tax 357 457 852 718 660 (154) 802 672 594 899 664 613 581 558 183 213 765 1,109 678 613 398 558 584 406 205 550 413 416 315 358 195 98 140 324 317 282 248 256 342 402 281 291 308 341 244 230 285 323 236 237 (157) 297 166 263 281 271 163 246 236 266 178 149 231 285 157 164 243 249 214 (881) 165 188 155 138 153 103 103 138 124 124 124
Income Tax Expense 87 104 190 171 143 (10) 186 157 140 206 146 110 114 105 4 (5) 180 266 149 165 73 130 141 108 49 144 109 102 85 92 46 13 51 (184) 114 94 71 91 102 142 99 106 106 121 87 80 97 113 81 81 (364) 142 60 93 102 93 61 80 82 94 64 37 87 102 68 50 92 91 82 (260) 59 80 60 0 0 0 0 0 0 0 0
Net Income 270 353 662 547 517 (144) 616 515 454 693 518 503 467 453 180 218 585 843 530 448 325 428 443 298 156 406 304 314 230 266 149 83 88 508 203 188 177 165 240 260 182 185 202 220 157 150 188 210 155 156 207 155 106 170 179 178 102 166 154 172 114 112 144 183 89 114 151 158 132 (621) 106 108 95 138 153 103 103 138 124 124 124
Per Share Data
EPS (Basic) 0.20 0.26 0.49 0.40 0.38 -0.11 0.45 0.38 0.33 0.50 0.37 0.36 0.33 0.32 0.13 0.15 0.41 0.59 0.37 0.32 0.23 0.30 0.31 0.21 0.11 0.29 0.22 0.22 0.16 0.19 0.11 0.10 0.11 2.82 1.12 1.02 0.97 0.90 1.30 1.40 0.97 0.98 1.06 1.15 0.82 0.77 0.97 1.07 0.78 0.78 1.02 0.76 0.52 0.82 0.85 0.84 0.48 0.78 0.71 0.78 0.51 0.50 0.61 0.75 0.35 0.45 0.59 0.62 0.52 -2.44 0.41 0.42 0.38 0.55 0.60 0.41 0.41 0.53 0.48 0.48 0.48
EPS (Diluted) 0.20 0.26 0.49 0.40 0.38 -0.11 0.45 0.38 0.33 0.49 0.37 0.36 0.33 0.32 0.13 0.15 0.41 0.59 0.37 0.31 0.23 0.30 0.31 0.21 0.11 0.29 0.21 0.22 0.16 0.19 0.11 0.10 0.11 2.82 1.11 1.02 0.96 0.90 1.29 1.39 0.96 0.97 1.05 1.14 0.81 0.77 0.96 1.06 0.78 0.78 1.01 0.76 0.51 0.81 0.84 0.83 0.48 0.77 0.71 0.77 0.50 0.50 0.60 0.74 0.35 0.45 0.59 0.62 0.52 -2.44 0.41 0.42 0.38 0.55 0.60 0.41 0.41 0.53 0.48 0.48 0.48
Shares Outstanding 1,359.2 1,358.1 1,358.5 1,358.3 1,357.1 1,362.2 1,356.2 1,355.6 1,380.7 1,393.6 1,397.4 1,400.3 1,406.2 1,415.5 1,416.1 1,417.5 1,418.2 1,418 1,417.6 1,417.4 1,409.2 1,407.3 1,407.3 1,407.2 1,407 1,406.9 1,406.8 1,406.7 1,406.3 1,394.8 1,361.8 790.5 790.5 179.9 181.4 183.2 183.4 183.6 184.8 185.7 187.6 188.7 190.4 191.4 192.3 194 194.8 196.6 197.9 199.9 203.3 204.1 204.6 207.6 210.4 211.9 212.6 213.6 216 221.9 223.6 223.6 238 244.5 253.3 253.3 254.2 254.2 254.2 254 254.2 254 253.7 250 253.1 251.2 251.2 254.8 258.3 258.3 258.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1
Current Assets
Cash & Cash Equivalents 898 1,026 516 509 653 510 552 438 317 267 260 278 204 535 925 552 592 567 200 167 335 240 191 149 197 75 74 106 85 83 94 64 13 61 66 286 73 1,787 620 245 275 411 571 280 235 219
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,539 1,671 1,724 1,731 1,560 1,723 1,616 1,524 1,449 1,519 1,409 1,447 1,606 1,668 1,631 1,471 1,358 1,274 1,261 1,162 1,149 1,144 1,118 1,075 1,097 1,184 1,149 1,130 1,078 1,223 1,296 866 749 710 706 748 661 646 640 700 629 606 561 572 629 588
Inventory 1,829 1,733 1,840 1,741 1,539 1,299 1,351 1,252 1,204 1,142 1,348 1,384 1,391 1,314 1,438 1,239 1,045 894 972 897 841 762 824 747 682 654 751 686 663 626 720 265 243 229 261 267 246 202 226 236 235 269 270 262 284 286
Other Current Assets 18,866 836 482 467 495 403 319 350 355 231 290 314 331 219 276 360 475 305 347 372 325 227 267 243 271 343 256 256 289 198 231 219 232 110 219 240 263 83 72 78 71 56 59 53 86 87
Total Current Assets 23,132 5,266 4,701 4,606 4,346 3,997 4,102 3,819 3,567 3,375 3,406 3,570 3,586 3,804 4,325 3,771 3,490 3,057 2,803 2,616 2,665 2,388 2,416 2,240 2,277 2,273 2,269 2,221 2,162 2,159 2,385 1,416 1,246 1,117 1,266 1,555 1,247 2,736 1,602 1,325 1,283 1,503 1,630 1,279 1,310 1,251
Non-Current Assets
Property, Plant & Equipment 3,249 3,230 3,874 3,835 3,803 3,844 3,635 3,535 3,554 3,575 3,400 3,358 3,372 3,372 3,315 3,275 3,245 3,167 3,052 3,068 3,091 2,857 2,751 2,663 2,593 2,525 2,582 2,645 2,643 2,310 2,345 1,183 1,198 1,198 1,129 1,120 1,125 1,138 1,124 1,129 1,136 1,110 1,106 1,109 1,013 1,001
Goodwill 20,210 20,247 20,198 20,228 20,062 20,053 20,078 20,081 20,163 20,202 20,122 20,194 20,117 20,072 20,024 20,163 20,243 20,182 20,193 20,272 20,209 20,184 20,029 19,968 19,898 20,172 20,112 20,039 20,077 20,011 19,291 3,562 3,564 3,561 3,559 3,564 3,560 2,993 2,994 2,986 2,988 2,983 2,984 2,983 2,983 2,982
Intangible Assets 23,653 23,725 23,786 23,841 23,616 23,634 23,072 23,108 23,251 23,287 23,223 23,344 23,273 23,183 23,299 23,774 23,889 23,856 23,883 23,983 23,949 23,968 23,834 23,785 23,706 24,117 24,031 24,228 23,988 23,967 24,436 3,777 3,784 3,781 3,786 3,788 3,784 2,656 2,657 2,658 2,662 2,695 2,702 2,702 2,708 2,704
Long-Term Investments 1,703 1,660 1,662 1,599 1,599 1,632 1,568 1,543 1,664 1,456 1,403 1,091 1,069 1,049 122 125 80 89 127 131 131 130 128 140 137 192 203 211 212 231 248 104 89 73 71 69 68 74 74 84 83 10 10 9 14 12
Other Non-Current Assets 1,176 1,295 348 223 233 231 222 214 43 204 177 212 208 322 318 283 259 205 232 233 314 207 192 201 203 210 176 176 183 214 260 144 233 230 168 162 161 132 160 160 146 542 543 543 562 558
Total Non-Current Assets 50,008 50,193 49,904 49,762 49,353 49,433 48,616 48,525 48,719 48,755 48,357 48,231 48,074 48,033 47,115 47,657 47,754 47,541 47,527 47,728 47,738 47,391 46,965 46,786 46,566 47,245 47,131 47,326 47,129 46,759 46,673 8,830 8,933 8,905 8,773 8,764 8,761 7,055 7,071 7,081 7,081 7,475 7,487 7,497 7,420 7,389
Total Assets 73,140 55,459 54,605 54,368 53,699 53,430 52,718 52,344 52,286 52,130 51,763 51,801 51,660 51,837 51,440 51,428 51,244 50,598 50,330 50,344 50,403 49,779 49,381 49,026 48,843 49,518 49,400 49,547 49,291 48,918 49,058 10,246 10,179 10,022 10,039 10,319 10,008 9,791 8,673 8,406 8,364 8,978 9,117 8,776 8,730 8,640
Current Liabilities
Account Payables 2,843 2,996 2,993 3,113 3,154 2,985 3,133 3,099 3,187 3,597 4,090 4,601 4,947 5,206 5,284 4,950 4,510 4,316 4,072 3,976 3,871 3,740 3,517 3,377 3,238 3,176 2,976 2,909 2,558 2,300 2,229 484 377 365 387 367 353 303 311 359 357 313 289 850 255 281
Short-Term Debt 4,816 3,105 2,285 1,976 3,999 2,642 2,472 2,399 1,908 3,246 2,798 2,635 2,310 895 0 0 0 304 998 1,323 1,750 2,345 2,182 2,256 1,957 1,593 1,761 1,806 2,018 1,458 1,765 249 369 66 70 301 0 0 360 0 0 0 0 0 0 0
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 64 64 64 64 64 64 64 64 64 64 36 36 0 0 0
Other Current Liabilities 2,366 2,189 414 348 349 495 391 296 273 424 366 294 261 421 390 351 236 309 294 283 232 299 263 301 239 270 288 283 266 362 66 654 610 596 665 668 536 549 544 569 541 0 0 (150) 0 0
Total Current Liabilities 10,025 8,290 7,527 7,221 9,171 8,087 7,699 7,509 7,004 8,916 8,814 9,056 9,127 8,076 7,233 6,761 6,448 6,485 6,795 6,917 7,225 7,694 7,329 7,298 6,858 6,474 6,550 6,695 6,656 5,702 5,967 1,526 1,624 1,238 1,359 1,580 1,147 1,051 1,483 1,170 1,176 960 850 854 816 821
Non-Current Liabilities
Long-Term Debt 20,891 13,036 13,531 13,920 11,927 12,912 12,413 12,406 12,929 9,945 9,940 9,934 9,929 11,072 11,561 11,555 11,584 11,578 11,727 11,721 11,715 11,143 11,707 11,849 12,431 12,827 13,147 13,164 13,246 14,201 14,275 4,126 4,135 4,230 4,239 4,240 4,320 4,468 2,818 2,789 2,776 2,568 2,566 2,960 3,240 3,366
Deferred Tax Liabilities 5,467 5,526 5,433 5,487 5,430 5,435 5,736 5,746 5,784 5,760 5,714 5,736 5,739 5,739 5,745 6,007 6,054 5,986 5,940 5,972 6,025 5,993 5,945 5,922 5,917 6,030 6,022 6,034 5,940 5,923 5,974 645 623 614 877 859 842 812 781 811 797 1,042 1,042 1,038 1,003 992
Other Non-Current Liabilities 7,575 3,091 1,339 1,321 1,280 1,286 488 577 522 420 524 415 342 404 422 330 297 348 347 362 240 241 252 248 232 234 225 228 230 254 244 206 273 264 204 248 258 209 190 212 216 734 736 737 751 725
Total Non-Current Liabilities 33,933 21,653 21,754 22,162 20,081 21,100 20,050 20,117 20,629 17,538 17,585 17,478 17,431 18,636 19,106 19,276 19,285 19,141 19,130 19,184 19,107 18,255 18,755 18,805 19,345 19,787 19,936 19,969 19,961 20,683 20,798 5,998 6,069 6,333 6,551 6,584 6,668 6,606 5,061 5,094 5,086 5,195 5,205 4,735 4,994 5,083
Total Liabilities 43,958 29,943 29,281 29,383 29,252 29,187 27,749 27,626 27,633 26,454 26,399 26,534 26,558 26,712 26,339 26,037 25,733 25,626 25,925 26,101 26,332 25,949 26,084 26,103 26,203 26,261 26,486 26,664 26,617 26,385 26,765 7,524 7,693 7,571 7,910 8,164 7,815 7,657 6,544 6,264 6,262 6,155 6,055 5,589 5,810 5,904
Stockholders' Equity
Common Stock 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3
Retained Earnings 5,580 5,622 5,581 5,232 4,997 4,793 5,249 4,944 4,721 4,559 4,165 3,948 3,724 3,539 3,367 3,471 3,518 3,199 2,621 2,357 2,174 2,061 1,845 1,613 1,527 1,582 1,388 1,294 1,192 1,178 1,122 2,920 2,667 2,651 2,311 2,346 2,336 2,266 2,246 2,248 2,194 260 138 87 (140) (298)
Accumulated Other Comprehensive Income (116) 102 (24) 10 (275) (276) 14 77 257 315 171 297 155 129 (9) 205 215 (26) 6 128 164 77 (217) (328) (480) 104 (27) 51 (37) (130) 137 (200) (183) (202) (184) (193) (206) (229) (213) (202) (187) (56) (41) (59) (86) (112)
Total Stockholders' Equity 25,261 25,516 25,324 24,985 24,447 24,243 24,969 24,718 24,653 25,676 25,364 25,268 25,103 25,126 25,102 25,391 25,511 24,972 24,405 24,242 24,070 23,829 23,296 22,923 22,640 23,257 22,914 22,883 22,674 22,533 22,293 2,722 2,486 2,451 2,129 2,155 2,193 2,134 2,129 2,142 2,102 2,823 3,062 3,187 2,920 2,736
Total Liabilities & Equity 73,140 55,459 54,605 54,368 53,699 53,430 52,718 52,344 52,286 52,130 51,763 51,801 51,660 51,837 51,440 51,428 51,244 50,598 50,330 50,344 50,403 49,779 49,381 49,026 48,843 49,518 49,400 49,547 49,291 48,918 49,058 10,246 10,179 10,022 10,039 10,319 10,008 9,791 8,673 8,406 8,364 8,978 9,117 8,776 8,730 8,640
Debt Metrics
Total Debt 25,707 16,141 17,550 17,609 17,638 17,274 16,531 16,416 16,450 14,824 14,353 14,165 13,860 13,583 13,131 13,124 13,108 13,266 13,974 14,306 14,721 14,482 14,853 15,006 15,268 15,226 15,549 15,611 15,897 15,990 16,370 4,390 4,518 4,479 4,481 4,703 4,477 4,478 3,324 2,930 2,915 2,568 2,566 2,960 3,240 3,366
Net Debt 24,809 15,115 17,034 17,100 16,985 16,764 15,979 15,978 16,133 14,557 14,093 13,887 13,656 13,048 12,206 12,572 12,516 12,699 13,774 14,139 14,386 14,242 14,662 14,857 15,071 15,151 15,475 15,505 15,812 15,907 16,276 4,326 4,505 4,418 4,415 4,417 4,404 2,691 2,704 2,685 2,640 2,157 1,995 2,680 3,005 3,147
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 270 353 662 547 517 (144) 616 515 454 693 518 503 467 453 180 218 585 843 530 448 325 428 443 298 156 406 304 314 230 266 (71) 235 159 508 203 188 177 165 240 260 182
Depreciation & Amortization 151 39 206 185 163 183 175 205 170 182 177 175 186 179 172 176 182 185 170 178 175 163 165 162 163 168 186 181 163 168 175 60 59 57 57 55 60 58 55 55 56
Stock-Based Compensation 30 27 25 23 22 22 24 24 28 30 29 28 29 9 31 27 (15) 20 20 23 25 23 20 23 19 17 13 20 14 14 8 11 10 10 10 10 6 12 11 11 11
Change in Working Capital (275) (132) (136) (327) (408) 300 (178) (141) (572) (583) (297) (361) (506) (46) 65 (214) (80) 358 66 4 (77) 155 (47) 131 (73) 107 24 60 175 (6) 595 17 (149) 44 47 (5) (131) (32) 29 (48) (47)
Other Non-Cash Items 101 341 (75) (7) (79) 763 (13) 58 (16) (43) 149 62 (105) 152 540 529 (17) (517) 17 (37) 87 45 21 58 154 (9) 33 43 8 72 (363) (32) 4 (47) (12) 47 (45) 24 (29) (62) (41)
Operating Cash Flow 281 712 639 431 209 849 628 657 85 297 580 381 71 739 759 676 663 941 794 593 546 790 604 648 414 671 600 612 591 550 645 315 103 306 322 313 97 256 276 230 177
Investing Activities
Capital Expenditure (116) (146) (112) (108) (120) (175) (125) (133) (189) (155) (122) (91) (113) (100) (83) (77) (119) (99) (140) (109) (107) (135) (91) (125) (166) (153) (90) (60) (62) (76) (20) (40) (44) (118) (44) (29) (17) (71) (43) (41) (27)
Acquisitions 0 (34) (3) (112) 0 (915) (85) 1 0 (8) (300) (8) 7 (914) 1 (45) 78 104 0 8 7 (1) (4) 0 0 (19,109) (5) (8) 0 13 (18,905) (71) (21) (2) (5) (2) (1,546) (11) 2 0 (6)
Purchases of Investments 0 0 0 0 0 0 0 (1) (6) (8) (300) (8) 0 (914) 0 (45) (3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (3) 0 0 (1) 0 0 (1) 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 8 300 8 0 914 0 45 50 578 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0
Other Investing Activities 3,966 (1) 3 (3) 63 4 1 (3) 2 2 2 1 1 92 0 (12) (3) (23) (10) 0 1 2 5 (1) 200 19,328 (7) (1) 17 2 34 0 (3) 2 1 5 (6) 12 1 3 (7)
Investing Cash Flow 3,850 (183) (112) (221) (57) (1,076) (209) (136) (193) (161) (420) (98) (105) (922) (82) (134) 3 560 (150) (101) (99) (134) (90) (126) 34 66 (102) (69) (45) (61) (18,891) (111) (68) (120) (48) (26) (1,569) (70) (40) (39) (40)
Financing Activities
Net Debt Issuance 9,574 426 (119) (62) 331 631 46 (63) 1,631 426 136 286 (24) 371 (24) (182) (369) (863) (341) (441) (135) (427) (257) (363) (668) (522) (81) (312) (424) (81) (420) 7,940 50 5 (247) 161 (3) 1,140 395 (2) (502)
Stock Repurchased 0 0 0 (9) 0 (5) (15) (2) (1,105) (249) (25) (226) (231) (291) (2) (88) (5) 0 0 0 0 (29) 0 0 0 0 0 0 0 0 0 0 0 (79) (143) (149) (28) (59) (157) (124) (179)
Dividends Paid (312) (313) (312) (313) (312) (311) (292) (292) (299) (300) (279) (282) (281) (284) (265) (266) (265) (268) (263) (232) (192) (211) (212) (211) (212) (211) (210) (212) (211) (209) 186 (12) (11) (105) (105) (107) (97) (98) (98) (100) (90)
Other Financing Activities (60) (178) (94) (18) (26) (34) (21) (23) (28) (12) (6) 2 264 (4) (3) (41) (5) (127) 2 0 (168) 43 (3) (21) 552 (5) (255) 8 71 (217) 471 0 (1) (11) (3) 15 (31) 1 (1) 6 (4)
Financing Cash Flow 13,691 (65) (525) (402) (7) 281 (282) (380) 158 (135) (174) (220) (303) (213) (294) (577) (644) (1,132) (602) (673) (355) (624) (465) (573) (328) (738) (546) (524) (556) (507) 18,380 7,928 (215) (190) (497) (78) (142) 984 141 (220) (775)
Cash Position
Net Change in Cash 17,672 475 4 (186) 143 48 122 121 50 7 (18) 74 (331) (393) 374 (40) 26 365 33 (179) 94 37 41 (46) 112 (1) (48) 21 0 17 23 60 29 (7) (222) 211 (1,611) 1,167 375 (30) (636)
Cash at Beginning 1,044 569 565 751 608 560 438 317 267 260 278 204 535 928 554 594 568 203 170 349 255 218 177 223 111 112 160 139 139 122 89 29 0 165 387 176 1,787 620 245 275 911
Cash at End 18,716 1,044 569 565 751 608 560 438 317 267 260 278 204 535 928 554 594 568 203 170 349 255 218 177 223 111 112 160 139 139 112 89 29 158 165 387 176 1,787 620 245 275
Free Cash Flow 165 566 527 323 89 674 503 524 (104) 142 458 290 (42) 639 676 599 544 842 654 484 439 655 513 523 248 518 510 552 529 474 625 275 59 188 278 284 80 185 233 189 150
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1
Income Statement
Revenue 3,976 4,499 4,306 4,163 3,635 4,070 3,891 3,922 3,468 3,867 3,805 3,789 3,353 3,803 3,622 3,554 3,078 3,391 3,250 3,140 2,902 3,121 3,020 2,864 2,613 2,934 2,870 2,812 2,504 2,813 2,732 949 948 1,643 1,740 1,797 1,510 1,578 1,680 1,695 1,487 1,546 1,630 1,655 1,451 1,509 1,583 1,631 1,398 1,463 1,543 1,611 1,380 1,484 1,528 1,621 1,362 1,461 1,529 1,582 1,331 1,412 1,457 1,519 1,248 1,356 1,434 1,481 1,260 1,341 1,494 1,545 1,295 1,401 1,535 1,406 1,406 424 1,437 1,437 1,437
Gross Profit 2,098 2,419 2,340 2,255 1,985 2,277 2,140 2,172 1,940 2,184 2,111 2,041 1,744 1,996 1,901 1,776 1,650 1,772 1,835 1,770 1,600 1,768 1,704 1,562 1,452 1,693 1,625 1,626 1,398 1,558 1,365 491 481 980 1,033 1,079 903 951 997 1,025 885 936 957 981 849 895 925 966 844 880 893 935 790 879 902 936 778 857 857 920 784 858 857 926 752 828 855 885 729 754 785 851 730 0 0 0 0 0 0 0 0
Operating Income 756 960 995 898 801 63 902 861 765 943 896 769 584 673 394 572 966 725 795 734 640 700 753 561 466 713 580 587 498 547 345 167 178 363 367 375 286 335 373 412 313 322 337 369 270 256 316 348 260 264 300 285 197 292 308 300 192 271 261 290 202 268 260 310 187 251 272 297 265 (836) 213 269 186 (3,343) 1,535 1,406 1,406 (3,266) 1,437 1,437 1,437
Net Income 270 353 662 547 517 (144) 616 515 454 693 518 503 467 453 180 218 585 843 530 448 325 428 443 298 156 406 304 314 230 266 149 83 88 508 203 188 177 165 240 260 182 185 202 220 157 150 188 210 155 156 207 155 106 170 179 178 102 166 154 172 114 112 144 183 89 114 151 158 132 (621) 106 108 95 138 153 103 103 138 124 124 124
EPS (Diluted) 0.20 0.26 0.49 0.40 0.38 -0.11 0.45 0.38 0.33 0.49 0.37 0.36 0.33 0.32 0.13 0.15 0.41 0.59 0.37 0.31 0.23 0.30 0.31 0.21 0.11 0.29 0.21 0.22 0.16 0.19 0.11 0.10 0.11 2.82 1.11 1.02 0.96 0.90 1.29 1.39 0.96 0.97 1.05 1.14 0.81 0.77 0.96 1.06 0.78 0.78 1.01 0.76 0.51 0.81 0.84 0.83 0.48 0.77 0.71 0.77 0.50 0.50 0.60 0.74 0.35 0.45 0.59 0.62 0.52 -2.44 0.41 0.42 0.38 0.55 0.60 0.41 0.41 0.53 0.48 0.48 0.48
Balance Sheet
Cash & Equivalents 898 1,026 516 509 653 510 552 438 317 267 260 278 204 535 925 552 592 567 200 167 335 240 191 149 197 75 74 106 85 83 94 64 13 61 66 286 73 1,787 620 245 275 411 571 280 235 219
Total Assets 73,140 55,459 54,605 54,368 53,699 53,430 52,718 52,344 52,286 52,130 51,763 51,801 51,660 51,837 51,440 51,428 51,244 50,598 50,330 50,344 50,403 49,779 49,381 49,026 48,843 49,518 49,400 49,547 49,291 48,918 49,058 10,246 10,179 10,022 10,039 10,319 10,008 9,791 8,673 8,406 8,364 8,978 9,117 8,776 8,730 8,640
Total Debt 25,707 16,141 17,550 17,609 17,638 17,274 16,531 16,416 16,450 14,824 14,353 14,165 13,860 13,583 13,131 13,124 13,108 13,266 13,974 14,306 14,721 14,482 14,853 15,006 15,268 15,226 15,549 15,611 15,897 15,990 16,370 4,390 4,518 4,479 4,481 4,703 4,477 4,478 3,324 2,930 2,915 2,568 2,566 2,960 3,240 3,366
Stockholders' Equity 25,261 25,516 25,324 24,985 24,447 24,243 24,969 24,718 24,653 25,676 25,364 25,268 25,103 25,126 25,102 25,391 25,511 24,972 24,405 24,242 24,070 23,829 23,296 22,923 22,640 23,257 22,914 22,883 22,674 22,533 22,293 2,722 2,486 2,451 2,129 2,155 2,193 2,134 2,129 2,142 2,102 2,823 3,062 3,187 2,920 2,736
Cash Flow
Operating Cash Flow 281 712 639 431 209 849 628 657 85 297 580 381 71 739 759 676 663 941 794 593 546 790 604 648 414 671 600 612 591 550 645 315 103 306 322 313 97 256 276 230 177
Capital Expenditure (116) (146) (112) (108) (120) (175) (125) (133) (189) (155) (122) (91) (113) (100) (83) (77) (119) (99) (140) (109) (107) (135) (91) (125) (166) (153) (90) (60) (62) (76) (20) (40) (44) (118) (44) (29) (17) (71) (43) (41) (27)
Free Cash Flow 165 566 527 323 89 674 503 524 (104) 142 458 290 (42) 639 676 599 544 842 654 484 439 655 513 523 248 518 510 552 529 474 625 275 59 188 278 284 80 185 233 189 150