CarMax, Inc. logo KMX - CarMax, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
1
BUY 9
HOLD 21
SELL 4
STRONG
SELL
0
| PRICE TARGET: $37.78 DETAILS
HIGH: $48.00
LOW: $26.00
MEDIAN: $36.00
CONSENSUS: $37.78
DOWNSIDE: 6.32%
Metric 2026 Q4 2026 Q3 2026 Q2 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 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 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 5,946.0 5,793.9 6,594.7 7,546.5 6,003.1 6,223.4 7,013.5 7,113.4 5,626.6 6,148.5 7,073.8 7,687.1 5,722.5 6,506.0 8,144.8 9,311.6 7,686.7 8,527.8 7,988.4 7,697.6 5,164.3 5,184.9 5,372.2 3,228.8 4,962.5 4,790.0 5,201.2 5,366.3 4,318.6 4,295.9 4,766.0 4,792.6 4,084.2 4,107.0 4,386.6 4,542.3 4,050.0 3,701.5 3,997.2 4,126.4 3,705.8 3,514.1 3,405.2 3,599.2 3,750.2 3,076.3 2,941.4 3,245.6 3,311.1 2,827.9 2,602.4 2,758.0 2,774.4 2,475.8 2,260.5 2,587.8 2,679.4 2,252.6 2,119.1 2,341.9 2,261.9 1,833.2 1,726.0 2,076.7 1,834.3 1,470.5 1,455.6 1,839.1 2,208.8 2,044.6 1,885.3 2,122.5 2,147.1 1,882.8 1,768.1 1,929.5 1,885.1 1,623.8 1,424.0 1,633.9 1,578.4 1,396.1 1,215.7 1,323.5 1,325.0 1,116.9 1,071.5 1,236.5 1,172.8 946.6 1,076.1 779.2 851.4 640.0 673.6 625.7 504.3 489 535.7 486.1
Cost of Revenue 5,340.7 5,203.9 5,877.0 6,652.9 5,335.2 5,545.7 6,253.1 6,321.5 5,040.4 5,535.7 6,377.1 6,869.7 5,111.5 5,929.3 7,407.7 8,436.2 6,975.7 7,691.2 7,172.9 6,773.1 4,522.9 4,553.5 4,620.0 2,874.6 4,289.6 4,176.4 4,507.7 4,623.9 3,719.2 3,726.6 4,115.4 4,131.3 3,547.5 3,567.8 3,782.6 3,893.4 3,487.8 3,198.4 3,451.9 3,553.7 3,216.5 3,038.3 2,958.6 3,135.9 3,248.5 2,692.1 2,559.7 2,810.8 2,863.0 2,458.7 2,257.2 2,390.0 2,392.5 2,137.7 1,957.3 2,233.5 2,296.3 1,932.0 1,821.2 1,992.8 1,928.4 1,568.0 1,483.1 1,762.1 1,558.1 1,240.2 1,256.4 1,583.1 1,926.0 1,787.5 1,642.4 1,834.3 1,862.9 1,642.0 1,539.5 1,676.2 1,636.9 1,416.6 1,246.8 1,425.3 1,380.6 1,221.7 1,070.3 1,160.3 1,157.8 983.1 945.3 1,073.4 1,025.1 836.3 951.9 679.0 742.8 553.9 578.4 535.7 438.4 431.8 467.7 421.4
Gross Profit 605.3 590.0 717.7 893.6 667.9 677.6 760.5 791.9 586.2 612.9 696.8 817.4 611.0 576.7 737.1 875.4 711.0 836.6 815.5 924.5 641.4 631.4 752.1 354.2 672.9 613.6 693.5 742.4 599.4 569.2 650.6 661.3 536.7 539.2 604.0 648.9 562.2 503.1 545.4 572.6 489.3 475.8 446.6 463.3 501.7 384.1 381.7 434.7 448.1 369.2 345.2 368.0 381.9 338.2 303.2 354.3 383.1 320.7 297.9 349.1 333.5 265.2 242.9 314.5 276.2 230.3 199.2 255.9 282.7 257.1 242.9 288.2 284.2 240.8 228.6 253.4 248.3 207.2 177.2 208.6 197.8 174.3 145.4 163.2 167.2 133.8 126.2 163.1 147.8 110.3 124.2 100.2 108.5 86.1 95.1 90.0 65.9 57.2 68 64.7
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 691.7 581.4 621.6 679.6 629.8 575.8 629.6 657.2 597.8 576.2 602.5 576.4 589 607.8 681.9 671.4 633.7 588.6 586.7 566.7 567.9 442.4 453.3 336.1 453.5 495.6 491.2 499.8 400.4 418.9 463.2 447.8 382.7 408.6 405.1 403.5 362.5 364.2 366.1 380.2 312.8 311.2 322.9 297.6 313.4 (873.3) 290 283.2 290.2 265.4 262.5 254.7 253.6 223.8 225.8 229.9 241.7 233.5 219.7 225.2 226.7 202.2 192.1 218.1 206.2 196.7 217.5 225.1 243.0 219.9 210.5 214.2 213.8 201.8 187.3 200.0 187.0 165.8 167.4 171.4 163.8 144.0 137.2 134.7 130.7 117.8 114.3 121.2 115.6 99.6 98.0 70.3 62.3 66.6 61.3 59.4 61.4 55 55.9 55.9
Other Expenses 163.3 142.3 213.9 171.7 137.6 137.1 180.8 147.3 136.9 133.0 94.3 143.4 159.6 147.1 137.0 117.2 113.0 133.0 88.5 25.7 4.6 56.4 74.5 171.0 (132.7) 49 45.5 38.2 (111.7) 40.8 40 30.9 (99) 37.5 0 0 (104.2) 41.9 0 0 176.5 164.6 123.7 165.7 188.3 1,257.5 91.7 151.5 157.9 103.8 82.7 113.3 128.3 114.3 77.5 124.4 141.4 87.2 78.2 123.9 106.9 63.0 50.7 96.4 70.0 33.6 (18.2) 30.8 39.7 37.3 32.4 74.0 70.4 39.0 41.3 53.3 61.3 41.4 9.8 37.2 34.0 30.3 8.3 28.5 36.5 15.9 12.0 41.9 32.2 10.8 30.8 29.9 46.3 19.6 33.8 30.6 4.5 2.2 12.1 8.8
Operating Expenses 855.0 723.7 835.5 851.3 767.4 712.9 810.4 804.5 734.7 709.2 696.8 719.8 748.6 754.9 818.9 788.6 746.7 721.6 675.2 592.4 572.5 498.8 527.8 507.1 320.8 544.6 536.7 538 288.7 459.7 503.2 478.7 283.7 446.1 405.1 403.5 258.3 406.1 366.1 380.2 489.3 475.8 446.6 463.3 501.7 384.1 381.7 434.7 448.1 369.2 345.2 368.0 381.9 338.2 303.2 354.3 383.1 320.7 297.9 349.1 333.5 265.2 242.9 314.5 276.2 230.3 199.2 255.9 282.7 257.1 242.9 288.2 284.2 240.8 228.6 253.4 248.3 207.2 177.2 208.6 197.8 174.3 145.4 163.2 167.2 133.8 126.2 163.1 147.8 110.3 128.8 100.2 108.5 86.1 95.1 90.0 65.9 57.2 68 64.7
Operating Income
Operating Income (249.7) (133.7) (117.8) 42.3 (99.6) (35.3) (49.9) (12.6) (148.5) (96.4) 0 97.6 (137.7) (178.2) (81.7) 86.7 (35.8) 114.9 140.3 332.1 68.9 132.6 224.4 (152.9) 352.1 69.0 156.8 204.4 310.7 109.5 147.4 182.6 253.1 93.1 198.9 245.4 303.9 97.0 179.3 192.4 246.7 224.9 99.6 165.7 188.3 1,306.5 72.0 151.5 157.9 103.8 64.6 113.3 128.3 114.3 77.5 124.4 141.4 87.2 78.2 123.9 106.9 (113.3) 50.7 96.4 70.0 33.6 (18.2) 30.8 39.7 37.3 32.4 74.0 70.4 39.0 41.3 53.3 61.3 41.4 9.8 37.2 34.0 30.3 8.3 28.5 36.5 15.9 12.0 41.9 32.2 10.8 30.8 29.9 46.3 15.5 29.2 26.0 0.5 (2.2) 7.9 6.2
Interest Expense 213.0 214.4 227.7 224.6 218.1 218.6 220.7 213.7 31.4 31.3 31.6 30.5 28.7 30.1 32.7 28.8 26.8 24.3 22.4 20.5 20.3 19.5 22.5 24.0 112.0 21.8 21.1 17.8 21.0 18.8 17.9 18.1 19.7 17.4 16.8 16.8 16.4 15.1 13.9 11.1 0 0 32.1 7.4 7.6 0 29.8 7.8 7.9 8.0 31.4 8.2 8.1 31.4 8.4 8.5 8.5 0.8 0.8 1.4 0.1 0.4 0.7 1.3 1.1 0 1.5 1.5 2.1 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 0 0 0
Interest Income 441 448 489.8 485.4 467.7 469.2 464.5 452.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (13.2) 0 107.9 109.4 (20.4) 0 96.0 100.8 0 0 152.7 92.6 94.6 0 138.3 84.4 87.0 0 125.1 75.7 75.2 0 0 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.0 0.2 0.2 0 0.7 0.4 0.3 0 0 0 0 0 0 0 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 196.0 386.8 438.7 587.5 414.0 460.5 471.3 489.5 337.7 378.6 405.8 543.3 284.1 233.7 330.2 484.6 349.3 505.4 517.8 716.0 415.3 468.6 552.7 171.1 88.1 394.6 469.2 507.9 115.2 387.2 421.5 446.9 120.0 343.1 351.3 398.8 176.6 321.5 317.9 334.6 182.9 193.4 272.2 286.4 310.0 127.6 227.9 259.7 269.5 204.7 208.1 212.7 226.8 215.5 161.2 208.1 230.8 157.2 148.8 191.2 178.9 136.5 130.9 183.3 63.6 64.0 (19.0) 38.2 63.1 49.7 44.5 85.2 81.2 48.4 49.7 62.0 69.4 48.9 16.8 43.5 39.9 37.2 12.8 33.0 40.9 19.9 15.9 46.3 36.3 13.7 35.1 33.0 50.9 19.6 33.8 30.6 4.5 2.2 12.1 8.8
EBIT 102.3 298.3 354.8 507.7 336.5 385.1 398.6 420.3 270.8 312.0 341.9 480.3 221.6 168.9 262.8 414.2 276.9 433.9 450.8 653.7 353.6 407.1 492.1 112.7 30.5 339.8 417.2 456.4 68.6 341.9 376.5 401.5 73.2 298.0 307.1 354.9 133.4 278.8 275.6 293.8 146.1 163.2 243.0 258.0 282.6 99.7 203.0 234.9 245.2 180.1 183.8 189.3 203.8 180.7 140.0 188.3 211.2 141.4 134.1 176.6 164.4 122.1 116.6 168.7 48.6 50.6 (32.9) 24.0 49.8 37.3 32.4 74.0 70.4 39.0 41.3 53.3 61.3 41.4 9.8 37.2 34.0 30.3 8.3 28.5 36.5 15.9 12.0 41.9 32.2 10.8 30.8 29.9 46.3 15.5 29.2 26.0 0.5 (2.2) 7.9 6.2
Income Before Tax (110.7) 83.9 127.1 283.1 118.4 166.5 177.8 206.6 65.5 110.6 158.3 307.2 82.6 50.0 167.6 336.6 201.2 356.0 367.8 567.3 262.2 310.5 388.3 4.2 276.6 227.6 305.5 351.3 255.8 247.8 289.5 319.7 210.1 225.2 290.2 338.1 242.3 219.7 261.7 282.7 226.2 232.8 210.8 250.6 275.0 159.7 173.2 227.1 237.3 172.2 152.5 181.1 195.6 149.4 132.7 181.0 203.9 140.6 133.3 175.2 164.4 121.7 115.9 167.4 47.5 60.9 (34.4) 22.5 47.8 34.8 49.0 107.4 105.8 70.0 73.5 87.8 92.0 65.2 37.6 60.8 60.0 48.1 29.6 48.9 57.9 36.6 31.0 64.4 57.3 31.6 52.4 29.7 44.2 12.5 26.2 22.5 (2.7) (5) 5.2 4.4
Income Tax Expense 10.0 21.7 31.7 72.7 28.5 41.0 45.0 54.2 15.2 28.6 39.7 78.9 13.6 12.4 41.7 84.3 41.4 86.5 82.5 130.6 52.3 75.2 91.6 (0.8) 61.7 54.4 71.9 84.5 63.3 57.5 68.6 81.0 88.0 76.4 108.8 126.4 89.7 83.0 99.4 107.3 85.2 89.7 80.8 96.1 105.4 60.5 66.7 86.9 90.6 64.9 57.8 69.5 74.9 56.6 49.9 69.1 77.6 51.1 51.0 67.3 63.2 46.3 41.3 64.4 18.7 23.4 (12.5) 8.5 18.2 13.0 19.1 42.5 40.5 27.9 28.1 33.5 35.2 24.8 14.7 23.2 23.0 18.4 11.5 19.1 22.6 14.1 11.9 24.8 22.1 12.5 20.7 11.3 16.8 4.8 10.0 8.5 (1.0) (1.9) 2 1.7
Net Income (120.7) 62.2 95.4 210.4 89.9 125.4 132.8 152.4 50.3 82.0 118.6 228.3 69.0 37.6 125.9 252.3 159.8 269.4 285.3 436.8 209.9 235.3 296.7 5.0 214.9 173.2 233.6 266.7 192.6 190.3 220.9 238.7 122.1 148.8 181.4 211.7 152.6 136.6 162.4 175.4 141.0 143.1 130.0 154.5 169.7 99.2 106.5 140.3 146.7 107.2 94.7 111.6 120.7 92.8 82.8 111.9 126.3 89.5 82.4 107.9 101.1 75.4 74.6 103.0 28.7 37.5 (21.9) 14.0 29.6 21.8 29.8 65.0 65.4 42.1 45.4 54.3 56.8 40.4 22.9 37.6 37.0 29.7 18.0 29.9 35.3 22.5 19.1 39.6 35.3 19.1 31.7 18.4 27.4 7.8 16.3 13.9 (1.7) (3.1) 3.2 2.7
Per Share Data
EPS (Basic) -0.77 0.43 0.64 1.38 0.58 0.81 0.85 0.97 0.32 0.52 0.75 1.44 0.44 0.24 0.79 1.57 0.98 1.66 1.75 2.68 1.29 1.44 1.82 0.03 1.32 1.05 1.41 1.60 1.14 1.09 1.25 1.34 0.68 0.82 0.99 1.14 0.82 0.72 0.85 0.91 0.72 0.68 0.61 0.71 0.77 0.45 0.48 0.63 0.65 0.47 0.41 0.49 0.53 0.41 0.36 0.49 0.56 0.40 0.37 0.48 0.45 0.34 0.34 0.47 0.13 0.17 -0.10 0.06 0.13 0.10 0.14 0.30 0.30 0.20 0.21 0.26 0.27 0.19 0.11 0.18 0.18 0.14 0.09 0.14 0.17 0.11 0.09 0.19 0.17 0.09 0.16 0.09 0.14 0.15 0.08 0.07 -0.03 -0.06 0.01 0.01
EPS (Diluted) -0.77 0.43 0.64 1.38 0.58 0.81 0.85 0.97 0.32 0.52 0.75 1.44 0.44 0.24 0.79 1.56 0.98 1.63 1.72 2.63 1.27 1.42 1.79 0.03 1.30 1.04 1.40 1.59 1.13 1.09 1.24 1.33 0.67 0.81 0.98 1.13 0.81 0.72 0.84 0.90 0.71 0.67 0.60 0.70 0.76 0.44 0.47 0.62 0.64 0.46 0.41 0.48 0.52 0.41 0.36 0.48 0.54 0.40 0.36 0.48 0.44 0.34 0.33 0.46 0.13 0.17 -0.10 0.06 0.13 0.10 0.14 0.29 0.30 0.20 0.21 0.25 0.27 0.19 0.11 0.18 0.18 0.14 0.09 0.14 0.17 0.11 0.09 0.19 0.17 0.09 0.15 0.09 0.13 0.15 0.07 0.07 -0.03 -0.06 0.01 0.01
Shares Outstanding 147.3 149.0 150.7 152.1 153.7 155.3 155.9 157.2 157.8 158.4 158.5 158.1 158.0 158.0 158.8 160.3 161.5 162.0 163.0 163.2 162.9 163.7 163.4 162.7 163.4 164.3 165.4 166.3 169.5 173.8 176.3 178.1 180.6 181.9 182.9 185.2 187.0 189.2 191.5 193.5 195.8 209.7 214.2 218.2 220.3 222.8 223.3 223.6 224.6 227.3 228.9 228.4 227.8 226.8 226.4 226.3 225.6 224.0 224.0 222.9 222.2 221.2 220.2 218.7 218.0 217.7 217.7 217.6 217.1 216.7 216.3 215.9 215.3 213.0 213.0 211.8 210.5 209.8 209.5 209.1 208.8 208.5 208.1 208.0 207.7 207.5 207.3 207.0 206.3 206.0 206.0 204.9 54.8 51.1 51.1 51.0 48.3 48.3 47.9 46.8
Metric 2026 Q4 2026 Q3 2026 Q2 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 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1
Current Assets
Cash & Cash Equivalents 122.8 204.9 540.4 262.8 247.0 271.9 524.7 218.9 574.1 605.4 521.1 264.2 314.8 688.6 56.8 95.3 102.7 62.6 58.1 378.0 132.3 236.6 711.6 658.0 58.2 56.6 40.7 42.2 46.9 35.0 37.1 76.3 44.5 26.3 25.8 60.1 38.4 23.7 316.0 52.6 37.4 122.3 133.6 140.6 10.9 11.9 12.4 45.3 32.0 34.6 74.7 61.4 3.3 10.0 7.5 6.9 11.4 10.0 7 35.7 14.2 17.7 5.6 18.8 15.5 26.4 11.3 130 211.4
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 2.5 0 0 0 0 0 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 204.5 151.1 173.6 200.3 188.7 213.6 228.1 212.4 221.2 212.4 271.9 322.0 298.8 246.8 402.5 610.6 561.0 563.1 517.3 413.2 239.1 169.0 203.2 145.0 191.1 142.7 141.1 133.9 139.8 111.2 104.9 101.4 133.3 95.8 99.7 104.7 152.4 92.0 94.6 102.5 132.2 590.9 508.0 433.9 401.2 344.0 255.7 239.5 239.4 195.0 211.9 182.8 173.3 168.2 107.9 110.7 141.9 129.3 128.1 143.6 127.7 97.4 99 89.4 70.6 60.9 189.1 143.9 94.8
Inventory 4,137.0 3,127.9 3,149.6 3,624.4 3,934.6 3,665.2 3,397.7 3,772.9 3,678.1 3,638.9 3,839.3 4,081.2 3,726.1 3,414.9 4,671.7 4,691.1 5,124.6 4,659.5 4,105.5 3,248.8 3,157.2 2,780.2 2,825.0 1,899.4 2,846.4 2,682.6 2,604.8 2,551.1 2,519.5 2,424.7 2,357.4 2,260.0 2,390.7 2,440.6 2,231.8 2,148.2 2,260.6 2,170.2 1,918.8 1,865.0 1,932.0 790.1 781.1 703.2 736.1 934.0 760.8 409.5 430.4 466.4 360.8 417.5 399.1 351.0 322.2 287.6 313.5 283.6 280.2 286 261.8 225.5 174.3 180.8 195.9 144 127.2 128.8 77.5
Other Current Assets 846.1 714.2 1,678.5 1,365.1 707.3 668.0 708.5 766.1 753.2 653.2 754.1 696.2 701.7 633.7 741.5 721.0 761.0 669.9 690.5 650.6 588.2 551.3 588.2 581.3 568.0 568.4 598.4 556.5 507.8 486.5 522.7 519.8 492.9 442.2 446.1 420.9 422.3 398.4 425.9 394.0 370.2 8.1 22.5 0 0 10.0 3.1 0 0 0 0 0 0 0 2.8 3.0 3.1 2.8 3 1 0.9 0.5 3.4 4.4 4.6 1.3 8.3 7.6 4.5
Total Current Assets 5,310.4 4,198.2 5,542.0 5,452.6 5,077.6 4,818.6 4,859.1 4,970.3 5,226.6 5,109.9 5,386.4 5,363.7 5,041.4 4,984.0 5,872.5 6,118.0 6,549.3 5,955.1 5,371.3 4,690.6 4,116.8 3,737.1 4,327.9 3,283.7 3,663.7 3,450.2 3,384.9 3,283.7 3,214.0 3,057.4 3,022.1 2,957.5 3,061.4 3,004.9 2,803.3 2,734.5 2,873.6 2,684.3 2,755.3 2,416.6 2,471.8 1,521.6 1,453.5 1,287.8 1,163.3 1,323.2 1,046.0 705.4 710.3 708.7 651.0 663.3 577.7 531.3 440.4 408.2 469.9 425.7 418.3 466.3 404.6 341.1 282.3 293.4 286.6 232.6 335.9 410.3 388.2
Non-Current Assets
Property, Plant & Equipment 4,070.3 4,498.5 4,445.4 4,392.6 4,335.2 4,304.3 4,258.9 4,243.8 4,186.2 4,157.1 4,079.4 4,041.3 3,976.6 3,904.8 3,842.9 3,792.0 3,746.4 3,719.2 3,682.6 3,530.0 3,487.2 3,482.4 3,488.9 3,508.4 3,518.2 3,491.4 3,437.7 3,393.0 2,828.1 2,800.1 2,766.9 2,714.5 2,667.1 2,634.4 2,602.3 2,557.5 2,518.4 2,449.3 2,326.2 2,234.4 2,161.7 916.2 923.0 938.3 960.5 926.3 585.1 236.6 218.1 187.2 152.9 145.6 121.0 107.5 192.8 198.8 212.1 211.9 227.2 225.5 214.6 203.9 253.5 240.4 203.1 214.1 213.4 162.8 122
Goodwill 0 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 141.3 150.3 0 0.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 16,151.2 16,532.2 16,944.9 17,473.7 17,575.7 17,569.6 17,427.5 0 17,081.9 16,999.8 16,744.9 16,588.7 0 16,124.9 15,826.5 15,504.0 15,167.2 14,656.2 0 152.9 0 0 0 0 0 0 0 83.7 0 0 0 80.9 0.8 0 0 70.8 0 0 0 0 0 0 0 0 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 Non-Current Assets 16,908.7 499.7 313.0 313.9 376.4 324.0 340.2 359.2 17,543.9 561.8 581.5 571.5 354.1 16,821.6 396.0 369.7 276.4 458.1 475.6 14,473.8 13,619.7 13,554.1 13,295.8 13,061.3 13,810.5 13,478.5 13,251.6 12,981.1 12,614.5 12,481.4 12,331.2 12,028.7 11,694.5 11,530.9 11,319.4 11,038.4 10,736.4 10,470.5 10,270.0 9,986.6 9,686.2 48.9 49.4 50.0 50.9 47.2 47.8 20.4 20.2 21.7 22.0 21.3 21.5 23.1 35.9 36.8 37.1 38.0 38.8 40.6 39.7 26.2 14.7 3 1.8 1.6 1.7 3 1.1
Total Non-Current Assets 21,057.5 21,364.2 21,537.6 21,933.8 22,326.6 22,478.5 22,436.8 22,271.8 21,970.2 22,063.3 21,913.8 21,598.7 21,141.4 20,954.9 20,598.1 20,220.7 19,789.0 19,620.1 19,082.0 18,142.3 17,424.7 17,195.8 16,918.4 16,688.8 17,418.5 17,037.0 16,755.3 16,430.7 15,503.9 15,339.4 15,154.4 14,798.7 14,424.8 14,298.5 14,072.4 13,741.1 13,405.7 13,075.8 12,749.0 12,373.3 12,009.8 1,065.7 1,097.2 1,091.4 1,100.8 1,052.9 658.7 260.2 241.4 208.9 174.9 166.9 142.5 130.6 228.6 235.5 249.2 249.8 266 266.1 254.3 230.1 268.2 243.4 204.9 215.7 215.1 165.8 123.1
Total Assets 26,367.9 25,562.4 27,079.6 27,386.4 27,404.2 27,297.1 27,295.8 27,242.1 27,196.8 27,173.2 27,300.2 26,962.4 26,182.7 25,938.9 26,470.5 26,338.7 26,338.3 25,575.2 24,453.3 22,832.9 21,541.5 20,932.8 21,246.3 19,972.5 21,082.2 20,487.2 20,140.3 19,714.5 18,717.9 18,396.8 18,176.5 17,756.2 17,486.3 17,303.4 16,875.7 16,475.7 16,279.4 15,760.1 15,504.3 14,789.9 14,481.6 2,587.3 2,550.7 2,379.2 2,264.2 2,376.1 1,704.7 965.6 951.7 917.6 825.9 830.2 720.2 661.9 669.0 643.8 719.1 675.5 684.3 732.4 658.9 571.2 550.5 536.8 491.5 448.3 551 576.1 511.3
Current Liabilities
Account Payables 1,118.0 887.5 913.4 980.5 977.8 985.9 1,008.0 911.3 933.7 762.6 932.1 967.4 826.6 802.8 928.7 1,066.9 937.7 936.6 903.8 1,058.0 799.3 570.2 683.7 390.2 737.1 641.4 628.5 656.9 593.2 558.3 605.5 586.3 529.7 520.0 568.0 510.6 495.0 476.8 486.9 454.5 441.7 224.8 252.7 237.3 228.6 274.6 222.2 115.4 139.8 117.6 97.4 91.5 87.2 93.2 80.0 77.0 93.0 76.0 61.8 100.4 76.4 59.8 52.2 53.4 65.8 51.2 36.1 53.5 38.7
Short-Term Debt 762.0 796.6 797.9 750.1 487.2 524.7 571.8 535.9 742.1 759.3 819.6 0 579.5 586.9 672.3 632.5 532.3 546.0 523.2 506.9 452.6 446.1 468.7 439.9 433.5 406.8 435.2 432.3 398.3 384.8 411.7 382.7 355.6 358.3 366.7 339.5 333.8 324.3 351.2 321.0 301.2 201.8 239.7 0.9 60.8 88.4 87.4 3.4 14.5 56.1 6.0 65.1 88.4 44.1 114.5 82.4 2.6 93.2 158.2 109.2 90.3 5.9 66.9 5.8 0.8 0.4 123.7 123.9 72.9
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0.1 0 0 0 0 0 0 0 0.4 0 0 0 0 0 0 6.0 1.4 0 0 1.6 0 0 0 0 14.9 0 0 2.1 0.2 0 0 109.6 106.1 103.2 134.0 134.1 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 57.3 418.0 (16.5) 0 (15.0) 0 0 0 335.0 113.9 124.3 636.2 272.2 0 0 119.9 231.3 108.8 106.6 0 150.9 0 0 83.2 116.4 69.4 73.7 0 104.6 53.5 55.0 0 98.6 53.3 54.7 0 99.1 52.2 50.3 151.5 100.1 0 0 12.1 0 0 10.2 28.9 29.9 29.8 23.0 21.9 22.0 19.8 33.3 31.1 24.9 27.0 24.9 22.8 26.4 16.2 13.2 7 7.9 4 8.1 6.8 6.2
Total Current Liabilities 2,414.8 2,106.2 2,252.0 2,277.4 2,198.0 2,097.3 2,155.8 1,985.9 2,312.3 2,083.2 2,320.4 2,114.0 1,938.3 1,937.1 2,132.2 2,251.8 2,047.5 2,056.9 1,959.0 2,093.4 1,698.5 1,437.8 1,598.9 1,151.0 1,534.7 1,421.0 1,396.7 1,485.4 1,311.5 1,224.9 1,283.5 1,288.2 1,174.1 1,111.7 1,201.6 1,166.7 1,105.8 1,027.7 1,084.4 1,083.4 1,005.2 555.7 640.2 490.8 392.3 478.1 436.7 215.7 247.6 248.1 159.6 201.2 223.4 181.5 227.8 190.4 120.6 196.1 244.9 232.4 193.1 81.9 132.3 66.2 74.5 55.6 167.9 184.2 117.8
Non-Current Liabilities
Long-Term Debt 2,006.2 15,879.4 17,817.4 18,005.8 18,137.3 18,149.2 18,105.2 18,217.4 17,959.7 18,163.7 18,084.4 17,639.5 17,252.6 17,640.7 18,046.2 17,265.6 18,175.0 17,458.9 16,630.1 15,161.0 14,086.3 14,481 14,797.8 13,881.1 14,944.1 14,604.3 14,384.1 13,511.7 13,280.9 12,989.4 12,672.2 12,363.7 12,262.4 12,160.4 11,740.8 11,441.5 11,339.8 11,017.6 10,703.4 10,091.5 9,920.3 177.7 177.9 178.1 176.9 227.0 34.0 100 100 100 100 100 0 0.8 42.7 63.8 225.1 121.3 80.6 139.7 111.4 139.7 61.1 107.4 52.1 27.4 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 366.9 0 0 0 333.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.8 12.1 17.5 15.8 10.2 0 0 4.0 1.8 2.4 2.9 3.7 7.5 6.1 6.1 5.9 5.6 5.2 4.7 4.1 1.8 1.7 1.5 0.1 0 0 0
Other Non-Current Liabilities 16,057.0 1,512.2 345.9 345.4 154.7 358.1 382.0 387.3 354.9 372.8 372.9 170.9 167.2 364.5 365.4 219.5 357.1 419.9 410.8 428.5 314.7 454.5 339.7 308.7 393.9 238.0 299.2 218.1 243.0 242.6 233.6 223.1 242.6 239.7 239.2 231.0 238.6 232.4 227.0 222.9 250.9 0 0 7.8 116.6 118.3 24.9 12.9 12.0 10.9 10.3 9.2 8.4 7.8 6.9 7.1 7.2 7.2 6.5 6.1 5.5 5.1 6.5 6.1 5.5 5.3 3.3 3.1 2.9
Total Non-Current Liabilities 18,063.2 17,391.6 18,627.1 18,822.1 18,963.2 18,988.6 18,960.4 19,089.3 18,810.8 19,045.6 18,974.1 19,025.2 18,631.3 18,514.3 18,924.1 18,686.3 19,055.4 18,408.6 17,579.2 16,036.0 15,478.4 15,366.6 15,664.8 15,243.2 15,778.6 15,368.1 15,132.0 14,776.3 14,049.3 13,736.8 13,410.9 13,084.2 12,995.4 12,891.0 12,473.2 12,156.9 12,065.0 11,717.0 11,357.6 10,734.3 10,571.6 287.3 284.0 295.4 310.9 361.1 69.1 112.9 112.0 114.9 112.1 111.6 11.4 12.3 57.2 77.0 238.4 134.4 92.7 151 121.6 148.9 69.4 115.2 59.1 32.8 3.3 3.1 2.9
Total Liabilities 20,479.0 19,497.8 20,879.1 21,099.5 21,161.2 21,085.9 21,116.2 21,075.2 21,123.1 21,128.9 21,294.5 21,139.2 20,569.7 20,451.4 21,056.3 20,938.1 21,102.8 20,465.4 19,538.1 18,129.4 17,176.9 16,804.4 17,263.7 16,394.2 17,313.3 16,789.2 16,528.7 16,261.7 15,360.8 14,961.7 14,694.4 14,372.4 14,169.4 14,002.7 13,674.7 13,323.6 13,170.8 12,744.7 12,442.0 11,817.6 11,576.8 843.1 924.2 786.1 703.2 839.2 505.8 328.6 359.5 363.0 271.8 312.8 234.7 193.9 285.0 267.4 359.0 330.5 337.6 383.4 314.7 230.8 201.7 181.4 133.6 88.4 171.2 187.3 120.7
Stockholders' Equity
Common Stock 70.9 71.5 73.8 75.3 76.7 77.0 77.7 78.2 78.8 79.0 79.3 79.1 79.0 79.0 79.0 79.8 80.5 80.9 81.2 81.4 81.6 81.5 82.1 81.4 81.5 81.9 82.4 82.7 83.7 85.9 87.6 88.4 89.9 90.7 91.0 91.9 93.3 93.7 95.5 96.2 97.4 110.4 110.1 110.2 110.2 110.1 53.6 51.8 51.6 51.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 4,041.9 4,196.1 4,274.6 4,320.9 4,272.2 4,265.9 4,236.5 4,192.8 4,126.9 4,117.8 4,070.0 3,951.4 3,723.1 3,654.1 3,618.8 3,636.8 3,524.1 3,456.4 3,293.2 3,210.0 2,887.9 2,737.8 2,600.6 2,303.9 2,488.4 2,376.6 2,307.5 2,189.5 2,104.1 2,147.4 2,183.0 2,115.8 2,047.2 2,028.2 1,975.9 1,933.8 1,883.3 1,821.4 1,858.2 1,806.4 1,746.8 945.5 842.5 813.8 798.1 784.1 530.0 105.2 65.5 30.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (3) (1.2)
Accumulated Other Comprehensive Income (34.1) (27.3) (21.3) (8.2) 3.1 14.8 9.1 61.7 59.3 60.7 78.6 61.3 97.9 57.4 32.0 5.9 (46.4) (100.3) (112.3) (115.8) (118.7) (152.9) (160.4) (165.4) (150.1) (82.0) (91.6) (81.2) (68.0) (54.1) (54.4) (55.0) (54.3) (51.3) (59.6) (58.2) (56.6) (60.1) (66.6) (66.8) (70.2) (16.9) (16.9) (16.9) (16.3) (16.6) 0 (61.1) (61.1) (61.1) 554.2 517.4 485.5 468.0 384.0 376.4 360.1 345.0 346.7 349 0 340.4 0 0 0 0 0 0 0
Total Stockholders' Equity 5,888.9 6,064.5 6,200.5 6,286.9 6,243.0 6,211.2 6,179.6 6,166.9 6,073.7 6,044.4 6,005.7 5,823.2 5,613.1 5,487.6 5,414.2 5,400.6 5,235.4 5,109.8 4,915.2 4,703.5 4,364.6 4,128.5 3,982.6 3,578.3 3,768.9 3,698.1 3,611.6 3,452.8 3,357.0 3,435.1 3,482.1 3,383.8 3,316.8 3,300.7 3,201.0 3,152.1 3,108.6 3,015.4 3,062.3 2,972.3 2,904.8 1,744.2 1,626.5 1,593.1 1,560.9 1,536.8 1,198.9 637.0 592.1 554.6 554.2 517.4 485.5 468.0 384.0 376.4 360.1 345.0 346.7 349 344.2 340.4 348.8 355.4 357.9 359.9 379.8 388.8 390.6
Total Liabilities & Equity 26,367.9 25,562.4 27,079.6 27,386.4 27,404.2 27,297.1 27,295.8 27,242.1 27,196.8 27,173.2 27,300.2 26,962.4 26,182.7 25,938.9 26,470.5 26,338.7 26,338.3 25,575.2 24,453.3 22,832.9 21,541.5 20,932.8 21,246.3 19,972.5 21,082.2 20,487.2 20,140.3 19,714.5 18,717.9 18,396.8 18,176.5 17,756.2 17,486.3 17,303.4 16,875.7 16,475.7 16,279.4 15,760.1 15,504.3 14,789.9 14,481.6 2,587.3 2,550.7 2,379.2 2,264.2 2,376.1 1,704.7 965.6 951.7 917.6 825.9 830.2 720.2 661.9 669.0 643.8 719.1 675.5 684.3 732.4 658.9 571.2 550.5 536.8 491.5 448.3 551 576.1 511.3
Debt Metrics
Total Debt 2,768.2 16,676.0 19,137.1 19,285.1 19,426.2 19,215.6 19,208.1 19,295.5 19,310.5 19,488.5 19,476.3 18,909.4 19,096.9 18,787.9 19,279.8 19,143.6 19,274.8 18,577.9 17,735.3 16,145.2 15,647.2 15,388.9 15,831.4 15,405.2 15,849.2 15,572.3 15,298.1 14,948.7 14,204.7 13,879.0 13,589.0 13,254.4 13,118.4 13,009.6 12,600.7 12,275.2 12,169.7 11,808.8 11,481.8 10,844.8 10,657.8 379.5 417.6 337.0 237.7 315.4 121.4 103.4 114.5 156.1 106.0 165.1 88.4 44.9 157.2 146.2 227.8 214.4 238.8 248.9 201.7 145.6 128 113.2 52.9 27.8 123.7 123.9 72.9
Net Debt 2,645.4 16,471.1 18,596.7 19,022.3 19,179.2 18,943.7 18,683.5 19,076.6 18,736.3 18,883.2 18,955.2 18,645.2 18,782.1 18,099.2 19,223.1 19,048.3 19,172.0 18,515.3 17,677.2 15,767.3 15,514.8 15,152.3 15,119.8 14,747.2 15,791.0 15,515.7 15,257.3 14,906.5 14,157.7 13,843.9 13,551.9 13,178.0 13,073.8 12,983.3 12,574.9 12,215.1 12,131.3 11,785.1 11,165.8 10,792.2 10,620.4 257.2 284.0 196.4 226.8 303.5 109.1 58.0 82.5 121.4 31.3 103.6 85.2 34.9 149.7 139.3 216.4 204.4 231.8 213.2 187.5 127.9 122.4 94.4 37.4 1.4 112.4 (6.1) (138.5)
Metric 2026 Q4 2026 Q3 2026 Q2 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 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1
Operating Activities
Net Income (120.7) 62.2 95.4 210.4 89.9 125.4 132.8 152.4 50.3 82.0 118.6 228.3 69.0 37.6 125.9 252.3 159.8 269.4 285.3 436.8 209.9 235.3 296.7 5.0 214.9 173.2 233.6 266.7 192.6 190.3 220.9 238.7 122.1 148.8 181.4 211.7 152.6 136.6 162.4 175.4 141.0 18.0 29.9 35.3 39.6 35.3 19.1 14.7 31.7 29.2 18.4 18.4 27.4 26.6 7.8 7.6 16.3 (1.7) (3.2) 3.3 2.7 (10) (7.3) (3) (3.2) (22.1) (9.1) (1.8) (1.2)
Depreciation & Amortization 93.8 88.5 83.9 79.8 77.5 75.4 72.7 69.2 83.3 66.6 64.0 63.0 62.6 64.8 67.4 70.5 72.4 71.5 66.9 62.4 61.7 61.5 60.6 58.3 57.6 54.8 52.0 51.5 46.6 45.3 45.0 45.3 46.8 45.1 44.2 43.9 43.2 42.6 42.2 40.8 36.9 4.5 4.6 4.3 4.3 4.1 3.0 3.5 4.3 4.2 3.1 3.9 4.6 4.7 4.1 4.9 4.6 4.0 4.4 4.2 2.6 3.3 2.4 2.2 2.1 1.2 1.5 1 0.9
Stock-Based Compensation 11.7 16.1 24.3 47.0 27.6 24.4 35.2 48.1 29.2 21.0 33.1 36.4 20.6 18.0 24.6 22.4 0.2 36.2 31.7 41.1 48.0 11.2 37.7 25.1 10.7 29.3 23.9 45.0 13.6 7.2 25.2 29.0 9.5 15.8 17.9 18.7 19.6 11.5 29.1 31.4 5.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (659.0) 74.6 382.9 (168.2) (150.3) (342.9) 251.7 (493.5) 49.7 (46.4) (185.6) (613.8) (638.7) 959.7 (365.9) 79.3 (780.0) (1,159.6) (1,730.5) (665.5) (519.8) (328.1) (786.2) 995.2 (482.3) (310.0) (540.0) (394.8) (255.7) (297.2) (468.5) (138.2) (183.1) (550.1) (400.0) (135.9) (404.1) (546.3) (411.2) (215.2) (33.8) (4.4) 31.1 (36.8) 2.5 40.3 (30.4) (40.0) 47.4 (23.7) (54.3) 23.1 15.1 (51.6) (53.4) (26.8) 44.9 9.6 (15.3) (17.4) (23.5) (16.8) (0.6) (17.1) (45.3) (3.7) (21.6) (50.6) 9.9
Other Non-Cash Items 122.8 977.5 159.4 127.8 105.5 102.5 136.4 108.1 73.6 90.3 111.8 107.9 112.2 105.5 107.4 94.9 85.3 98.0 65.4 (11.3) 15.9 26.9 47.8 141.0 80.7 64.9 67.5 65.4 49.9 59.8 58.5 52.4 50.6 54.1 50.7 46.3 60.8 59.6 53.0 45.6 57.2 (0.7) (0.0) (0.1) 0.0 0 (0.1) 0.1 0.1 0.0 0.1 0 0 0 8.8 0.1 0.2 4.0 (0.2) (0.1) 0.1 0 4.9 (0.2) 0.4 11.4 (0.1) (0.1) 0.1
Operating Cash Flow (554.3) 1,253.1 785.5 299.5 146.4 (23.4) 619.1 (117.7) 309.6 210.1 124.2 (185.3) (378.7) 1,182.5 (51.4) 531.0 (466.8) (697.3) (1,273.4) (111.9) (200.6) (21.4) (359.8) 1,249.6 (118.7) 7.5 (168.7) 43.2 48.3 3.7 (120.0) 230.8 112.6 (274.2) (110.4) 191.5 (125.0) (303.3) (125.2) 87.6 232.7 15.9 65.1 2.6 45.3 72.6 (0.8) (20.4) 84.0 9.1 (31.3) 44.1 49.0 (19.1) (30.8) (11.3) 69.0 15.8 (14.5) (9.5) (16.9) (17.2) (0.6) (18.1) (46.1) (16.7) (27.5) (51.7) 9.8
Investing Activities
Capital Expenditure (133.0) (139.8) (131.5) (136.7) (127.6) (127.2) (109.2) (103.9) (109.9) (145.3) (73.4) (136.7) (103.2) (115.0) (109.7) (94.8) (81.6) (89.1) (78.7) (59.1) (40.6) (32.0) (29.1) (62.9) (82.7) (77.8) (92.4) (79.0) (61.3) (72.2) (91.4) (79.7) (69.3) (72.4) (75.7) (79.4) (102.6) (101.0) (117.1) (97.5) (74.7) (57.7) (72.2) (46.5) (47.8) (34.9) (50.7) (31.3) (11.5) (28.5) (18.5) (14.2) (5.4) (3.3) (2.7) (1.6) (2.6) 29.4 (11.7) (17.8) (45.3) (47.9) (38.1) (39.6) (54.3) (68.6) (52.1) (70.2) (43.4)
Acquisitions 0 0 0 0 0 (0.0) 0 0.0 0.1 145.3 73.4 1.2 0 0 0.1 4.2 0.0 0 (241.6) 0 40.6 32.0 29.1 62.9 82.7 77.8 92.4 79.0 61.3 72.2 91.4 79,720 69.3 72.4 75.7 0 102.6 101.0 0 0 74.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (1.3) (3.0) (0.8) (4.9) (1.3) (6.4) (1.0) (2.1) (1.6) (1.4) (2.0) (1.2) (6.1) (1.0) (1.0) (4.4) (10.9) 0 (8.0) (4.7) (1.0) (0.1) (0.2) (2.4) (50.6) (0.2) (1.0) (7.2) (0.7) (0.2) (0.2) (5.1) (0.1) (5.0) (0.6) (2.9) 0.2 (0.6) (3.7) (2.6) (0.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 1.1 0.8 0.7 0.4 15.6 0 0.5 0.1 1.6 1.2 0.4 0.0 0.8 1.0 2.3 0.1 1.5 0 10.9 0.1 5.6 1.4 1.2 0.2 0.6 0.3 0.6 0.1 0.5 0.2 0.8 0.1 1.2 0.1 0.1 0.2 0.4 0.1 0 0.2 0.2 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
Other Investing Activities 4.4 3.2 0.3 0.0 0.2 1.1 0.1 0 0 (145.2) (73.4) (0.0) 1.4 (111.3) 0.1 (4.2) 0 36.6 0.3 0.6 (10.7) (30.9) (28.3) (62.9) (82.7) (77.8) (92.4) (79.0) (61.3) (72.1) (91.1) (79,719.7) (80.4) (57.5) (94.2) (8.3) (128.0) (75.5) (18.1) (23.4) (103.8) 9.0 24.9 18.8 24.9 0 3.7 37.9 0 0.0 2.6 0 96.3 0 (0.0) 3.5 10.7 (17.8) 6.7 0 1.6 60.9 15.1 0.1 63.3 194.1 (39) (10.5) 1.7
Investing Cash Flow (128.8) (138.8) (131.3) (141.2) (113.1) (132.5) (109.6) (105.9) (109.8) (145.5) (75.0) (136.8) (107.1) (111.3) (108.3) (99.0) (91.1) (52.4) (317.1) (63.1) (6.1) (29.7) (27.3) (65.1) (132.8) (77.7) (92.8) (86.1) (61.5) (72.0) (90.5) (84.4) (79.3) (62.4) (94.7) (90.4) (127.4) (76.1) (138.9) (123.2) (104.2) (48.7) (47.3) (27.7) (22.9) (34.9) (47.0) 6.7 (11.5) (28.5) (15.9) (14.2) 91.0 (3.3) (2.7) 1.9 8.1 11.6 (5) (17.8) (43.7) 13 (23) (39.5) 9 125.5 (91.1) (80.7) (41.7)
Financing Activities
Net Debt Issuance 711.4 (1,303.1) (157.5) 66.3 16.1 (6.6) (79.0) (8.1) (170.0) 14.5 221.1 313.1 119.2 (492.6) 291.4 (295.4) 699.6 847.9 1,482.9 591.3 138.2 (341.6) 409.1 (527.3) 364.2 173.4 349.8 263.0 311.9 287.4 324.8 125.6 107.3 408.6 315.6 104.2 340.5 287.1 626.5 189.4 40.1 1.7 (23.5) 23.7 (11.2) (41.5) 50.7 (0.7) (59.1) 76.6 43.5 (45.0) (126.6) 24.3 35.0 11.0 (81.6) (24.4) (10.1) 47.2 56.1 14.6 8.1 62 25.1 (95.9) (0.2) 51 72.9
Stock Repurchased (54.3) (203.6) (180.8) (204.0) (98.9) (116.3) (106.5) (106.8) (49.8) (40.1) (0.2) (3.9) (0.1) (8.6) (162.2) (163.0) (100.5) (120.5) (221.7) (133.8) (71.3) (104.5) (0.0) (54.1) (109.2) (116.7) (130.0) (212.0) (271.6) (251.8) (170.3) (211.1) (124.6) (110.2) (157.4) (187.4) (100.0) (198.3) (128.0) (138.0) (167.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Financing Activities (32.3) 8.3 0 0 (4.4) (3.9) (7.3) (5.7) (6.1) (4.0) (7.0) (3.6) (5.8) (3.7) (6.3) 3.4 (5.7) (4.9) (5.6) (3.9) (5.5) (2.2) (5.4) 1.7 (5.3) (4.0) (7.4) 29.8 (4.7) (4.1) (4.5) 5.4 2.2 (3.9) (4.7) 3.7 1.2 (3.6) (4.3) (0.5) 1.0 0 0 0 2.0 1.2 0 (28.4) (0.2) 0.9 (3.0) 0.6 0.7 (0.2) 0 (1.0) 1.1 (0.0) 0.9 0.1 (0.1) 0 2.3 (1.1) 0 (0.1) 0.1 0 0
Financing Cash Flow 633.1 (1,506.6) (338.3) (129.4) (48.8) (121.6) (170.7) (112.4) (209.5) (29.6) 240.4 306.6 116.8 (504.8) 132.7 (455.0) 596.9 738.8 1,294.1 475.1 110.2 (448.2) 493.7 (579.7) 277.8 62.6 265.7 80.9 39.2 38.5 188.4 (80.1) (15.0) 337.2 170.8 (79.5) 267.1 87.0 527.6 50.8 (124.5) 2.0 (22.9) 25.1 (9.2) (40.3) 50.8 (29.3) (59.2) 77.5 40.5 (44.5) (125.9) 24.1 34.8 10.0 (81.6) (24.4) (9.2) 48.8 57.1 16.3 10.4 60.9 26.2 (93.7) (0.1) 51 72.9
Cash Position
Net Change in Cash (50.0) (392.4) 315.9 28.9 (15.5) (277.5) 338.8 (335.9) (8.2) 35.0 289.5 (15.4) (369.0) 566.4 (26.9) (23.0) 39.1 (11.0) (296.5) 300.1 (96.5) (499.3) 106.6 604.8 26.4 (7.6) 4.3 38.0 26.0 (29.8) (22.1) 66.3 18.2 0.5 (34.3) 21.7 14.7 (292.3) 263.5 15.2 4.0 (30.8) (5.1) 0.0 13.3 (2.6) 3.0 (43.0) 13.2 58.2 (6.7) (14.5) 14.0 1.7 1.3 0.6 (4.5) 3.0 (28.7) 48.8 57.1 16.3 10.4 60.9 26.2 (93.7) (0.1) 51 72.9
Cash at Beginning 912.8 1,305.2 989.2 960.3 975.8 1,253.3 914.5 1,250.4 1,088.9 1,225.1 935.6 951.0 1,320.0 753.7 780.6 803.6 764.6 775.6 1,072.0 771.9 868.4 1,367.8 1,261.1 656.4 630.0 637.6 633.4 595.4 569.3 599.2 621.2 554.9 26.3 25.8 60.1 38.4 23.7 316.0 52.6 37.4 33.3 56.6 61.7 61.6 32.0 34.6 31.7 74.7 61.4 3.3 10.0 24.6 10.5 8.8 7.5 6.9 11.4 7 35.7 (13.1) 17.7 0 0 0 26.4 0 0 0 170.4
Cash at End 862.9 912.8 1,305.2 989.2 960.3 975.8 1,253.3 914.5 1,080.8 1,260.1 1,225.1 935.6 951.0 1,320.0 753.7 780.6 803.6 764.6 775.6 1,072.0 771.9 868.4 1,367.8 1,261.1 656.4 630.0 637.6 633.4 595.4 569.3 599.2 621.2 44.5 26.3 25.8 60.1 38.4 23.7 316.0 52.6 37.4 25.8 56.6 61.7 45.3 32.0 34.6 31.7 74.7 61.4 3.3 10.0 24.6 10.5 8.8 7.5 6.9 10.0 7 35.7 74.8 16.3 10.4 60.9 52.6 (93.7) (0.1) 51 243.3
Free Cash Flow (687.3) 1,113.3 654.0 162.8 18.8 (150.6) 509.9 (221.6) 199.8 64.8 50.7 (322.0) (482.0) 1,067.5 (161.0) 436.1 (548.4) (786.4) (1,352.1) (171.0) (241.2) (53.3) (388.9) 1,186.7 (201.4) (70.3) (261.0) (35.8) (13.0) (68.5) (211.4) 151.1 43.3 (346.7) (186.1) 112.1 (227.6) (404.2) (242.3) (12.1) 157.9 (41.8) (7.1) (43.8) (2.4) 37.7 (51.5) (51.6) 72.5 (19.4) (49.8) 29.9 43.6 (22.4) (33.5) (12.9) 66.4 45.2 (26.2) (27.3) (62.2) (65.1) (38.7) (57.7) (100.4) (85.3) (79.6) (121.9) (33.6)
Key Metrics 2026 Q4 2026 Q3 2026 Q2 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 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 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 5,946.0 5,793.9 6,594.7 7,546.5 6,003.1 6,223.4 7,013.5 7,113.4 5,626.6 6,148.5 7,073.8 7,687.1 5,722.5 6,506.0 8,144.8 9,311.6 7,686.7 8,527.8 7,988.4 7,697.6 5,164.3 5,184.9 5,372.2 3,228.8 4,962.5 4,790.0 5,201.2 5,366.3 4,318.6 4,295.9 4,766.0 4,792.6 4,084.2 4,107.0 4,386.6 4,542.3 4,050.0 3,701.5 3,997.2 4,126.4 3,705.8 3,514.1 3,405.2 3,599.2 3,750.2 3,076.3 2,941.4 3,245.6 3,311.1 2,827.9 2,602.4 2,758.0 2,774.4 2,475.8 2,260.5 2,587.8 2,679.4 2,252.6 2,119.1 2,341.9 2,261.9 1,833.2 1,726.0 2,076.7 1,834.3 1,470.5 1,455.6 1,839.1 2,208.8 2,044.6 1,885.3 2,122.5 2,147.1 1,882.8 1,768.1 1,929.5 1,885.1 1,623.8 1,424.0 1,633.9 1,578.4 1,396.1 1,215.7 1,323.5 1,325.0 1,116.9 1,071.5 1,236.5 1,172.8 946.6 1,076.1 779.2 851.4 640.0 673.6 625.7 504.3 489 535.7 486.1
Gross Profit 605.3 590.0 717.7 893.6 667.9 677.6 760.5 791.9 586.2 612.9 696.8 817.4 611.0 576.7 737.1 875.4 711.0 836.6 815.5 924.5 641.4 631.4 752.1 354.2 672.9 613.6 693.5 742.4 599.4 569.2 650.6 661.3 536.7 539.2 604.0 648.9 562.2 503.1 545.4 572.6 489.3 475.8 446.6 463.3 501.7 384.1 381.7 434.7 448.1 369.2 345.2 368.0 381.9 338.2 303.2 354.3 383.1 320.7 297.9 349.1 333.5 265.2 242.9 314.5 276.2 230.3 199.2 255.9 282.7 257.1 242.9 288.2 284.2 240.8 228.6 253.4 248.3 207.2 177.2 208.6 197.8 174.3 145.4 163.2 167.2 133.8 126.2 163.1 147.8 110.3 124.2 100.2 108.5 86.1 95.1 90.0 65.9 57.2 68 64.7
Operating Income (249.7) (133.7) (117.8) 42.3 (99.6) (35.3) (49.9) (12.6) (148.5) (96.4) 0 97.6 (137.7) (178.2) (81.7) 86.7 (35.8) 114.9 140.3 332.1 68.9 132.6 224.4 (152.9) 352.1 69.0 156.8 204.4 310.7 109.5 147.4 182.6 253.1 93.1 198.9 245.4 303.9 97.0 179.3 192.4 246.7 224.9 99.6 165.7 188.3 1,306.5 72.0 151.5 157.9 103.8 64.6 113.3 128.3 114.3 77.5 124.4 141.4 87.2 78.2 123.9 106.9 (113.3) 50.7 96.4 70.0 33.6 (18.2) 30.8 39.7 37.3 32.4 74.0 70.4 39.0 41.3 53.3 61.3 41.4 9.8 37.2 34.0 30.3 8.3 28.5 36.5 15.9 12.0 41.9 32.2 10.8 30.8 29.9 46.3 15.5 29.2 26.0 0.5 (2.2) 7.9 6.2
Net Income (120.7) 62.2 95.4 210.4 89.9 125.4 132.8 152.4 50.3 82.0 118.6 228.3 69.0 37.6 125.9 252.3 159.8 269.4 285.3 436.8 209.9 235.3 296.7 5.0 214.9 173.2 233.6 266.7 192.6 190.3 220.9 238.7 122.1 148.8 181.4 211.7 152.6 136.6 162.4 175.4 141.0 143.1 130.0 154.5 169.7 99.2 106.5 140.3 146.7 107.2 94.7 111.6 120.7 92.8 82.8 111.9 126.3 89.5 82.4 107.9 101.1 75.4 74.6 103.0 28.7 37.5 (21.9) 14.0 29.6 21.8 29.8 65.0 65.4 42.1 45.4 54.3 56.8 40.4 22.9 37.6 37.0 29.7 18.0 29.9 35.3 22.5 19.1 39.6 35.3 19.1 31.7 18.4 27.4 7.8 16.3 13.9 (1.7) (3.1) 3.2 2.7
EPS (Diluted) -0.77 0.43 0.64 1.38 0.58 0.81 0.85 0.97 0.32 0.52 0.75 1.44 0.44 0.24 0.79 1.56 0.98 1.63 1.72 2.63 1.27 1.42 1.79 0.03 1.30 1.04 1.40 1.59 1.13 1.09 1.24 1.33 0.67 0.81 0.98 1.13 0.81 0.72 0.84 0.90 0.71 0.67 0.60 0.70 0.76 0.44 0.47 0.62 0.64 0.46 0.41 0.48 0.52 0.41 0.36 0.48 0.54 0.40 0.36 0.48 0.44 0.34 0.33 0.46 0.13 0.17 -0.10 0.06 0.13 0.10 0.14 0.29 0.30 0.20 0.21 0.25 0.27 0.19 0.11 0.18 0.18 0.14 0.09 0.14 0.17 0.11 0.09 0.19 0.17 0.09 0.15 0.09 0.13 0.15 0.07 0.07 -0.03 -0.06 0.01 0.01
Balance Sheet
Cash & Equivalents 122.8 204.9 540.4 262.8 247.0 271.9 524.7 218.9 574.1 605.4 521.1 264.2 314.8 688.6 56.8 95.3 102.7 62.6 58.1 378.0 132.3 236.6 711.6 658.0 58.2 56.6 40.7 42.2 46.9 35.0 37.1 76.3 44.5 26.3 25.8 60.1 38.4 23.7 316.0 52.6 37.4 122.3 133.6 140.6 10.9 11.9 12.4 45.3 32.0 34.6 74.7 61.4 3.3 10.0 7.5 6.9 11.4 10.0 7 35.7 14.2 17.7 5.6 18.8 15.5 26.4 11.3 130 211.4
Total Assets 26,367.9 25,562.4 27,079.6 27,386.4 27,404.2 27,297.1 27,295.8 27,242.1 27,196.8 27,173.2 27,300.2 26,962.4 26,182.7 25,938.9 26,470.5 26,338.7 26,338.3 25,575.2 24,453.3 22,832.9 21,541.5 20,932.8 21,246.3 19,972.5 21,082.2 20,487.2 20,140.3 19,714.5 18,717.9 18,396.8 18,176.5 17,756.2 17,486.3 17,303.4 16,875.7 16,475.7 16,279.4 15,760.1 15,504.3 14,789.9 14,481.6 2,587.3 2,550.7 2,379.2 2,264.2 2,376.1 1,704.7 965.6 951.7 917.6 825.9 830.2 720.2 661.9 669.0 643.8 719.1 675.5 684.3 732.4 658.9 571.2 550.5 536.8 491.5 448.3 551 576.1 511.3
Total Debt 2,768.2 16,676.0 19,137.1 19,285.1 19,426.2 19,215.6 19,208.1 19,295.5 19,310.5 19,488.5 19,476.3 18,909.4 19,096.9 18,787.9 19,279.8 19,143.6 19,274.8 18,577.9 17,735.3 16,145.2 15,647.2 15,388.9 15,831.4 15,405.2 15,849.2 15,572.3 15,298.1 14,948.7 14,204.7 13,879.0 13,589.0 13,254.4 13,118.4 13,009.6 12,600.7 12,275.2 12,169.7 11,808.8 11,481.8 10,844.8 10,657.8 379.5 417.6 337.0 237.7 315.4 121.4 103.4 114.5 156.1 106.0 165.1 88.4 44.9 157.2 146.2 227.8 214.4 238.8 248.9 201.7 145.6 128 113.2 52.9 27.8 123.7 123.9 72.9
Stockholders' Equity 5,888.9 6,064.5 6,200.5 6,286.9 6,243.0 6,211.2 6,179.6 6,166.9 6,073.7 6,044.4 6,005.7 5,823.2 5,613.1 5,487.6 5,414.2 5,400.6 5,235.4 5,109.8 4,915.2 4,703.5 4,364.6 4,128.5 3,982.6 3,578.3 3,768.9 3,698.1 3,611.6 3,452.8 3,357.0 3,435.1 3,482.1 3,383.8 3,316.8 3,300.7 3,201.0 3,152.1 3,108.6 3,015.4 3,062.3 2,972.3 2,904.8 1,744.2 1,626.5 1,593.1 1,560.9 1,536.8 1,198.9 637.0 592.1 554.6 554.2 517.4 485.5 468.0 384.0 376.4 360.1 345.0 346.7 349 344.2 340.4 348.8 355.4 357.9 359.9 379.8 388.8 390.6
Cash Flow
Operating Cash Flow (554.3) 1,253.1 785.5 299.5 146.4 (23.4) 619.1 (117.7) 309.6 210.1 124.2 (185.3) (378.7) 1,182.5 (51.4) 531.0 (466.8) (697.3) (1,273.4) (111.9) (200.6) (21.4) (359.8) 1,249.6 (118.7) 7.5 (168.7) 43.2 48.3 3.7 (120.0) 230.8 112.6 (274.2) (110.4) 191.5 (125.0) (303.3) (125.2) 87.6 232.7 15.9 65.1 2.6 45.3 72.6 (0.8) (20.4) 84.0 9.1 (31.3) 44.1 49.0 (19.1) (30.8) (11.3) 69.0 15.8 (14.5) (9.5) (16.9) (17.2) (0.6) (18.1) (46.1) (16.7) (27.5) (51.7) 9.8
Capital Expenditure (133.0) (139.8) (131.5) (136.7) (127.6) (127.2) (109.2) (103.9) (109.9) (145.3) (73.4) (136.7) (103.2) (115.0) (109.7) (94.8) (81.6) (89.1) (78.7) (59.1) (40.6) (32.0) (29.1) (62.9) (82.7) (77.8) (92.4) (79.0) (61.3) (72.2) (91.4) (79.7) (69.3) (72.4) (75.7) (79.4) (102.6) (101.0) (117.1) (97.5) (74.7) (57.7) (72.2) (46.5) (47.8) (34.9) (50.7) (31.3) (11.5) (28.5) (18.5) (14.2) (5.4) (3.3) (2.7) (1.6) (2.6) 29.4 (11.7) (17.8) (45.3) (47.9) (38.1) (39.6) (54.3) (68.6) (52.1) (70.2) (43.4)
Free Cash Flow (687.3) 1,113.3 654.0 162.8 18.8 (150.6) 509.9 (221.6) 199.8 64.8 50.7 (322.0) (482.0) 1,067.5 (161.0) 436.1 (548.4) (786.4) (1,352.1) (171.0) (241.2) (53.3) (388.9) 1,186.7 (201.4) (70.3) (261.0) (35.8) (13.0) (68.5) (211.4) 151.1 43.3 (346.7) (186.1) 112.1 (227.6) (404.2) (242.3) (12.1) 157.9 (41.8) (7.1) (43.8) (2.4) 37.7 (51.5) (51.6) 72.5 (19.4) (49.8) 29.9 43.6 (22.4) (33.5) (12.9) 66.4 45.2 (26.2) (27.3) (62.2) (65.1) (38.7) (57.7) (100.4) (85.3) (79.6) (121.9) (33.6)