Lam Research Corporation logo LRCX - Lam Research Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 39
HOLD 10
SELL 1
STRONG
SELL
0
| PRICE TARGET: $361.17 DETAILS
HIGH: $500.00
LOW: $275.00
MEDIAN: $333.00
CONSENSUS: $361.17
UPSIDE: 2.78%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 18,435.6 14,905.4 17,426.7 17,227.0 14,626.1 10,044.7 9,653.6 11,077.0 8,013.6 5,885.9 5,259.3 4,607.3 3,598.9 2,665.2 3,237.7 2,133.8 1,115.9 2,474.9 2,566.6 1,642.2 1,502.5 935.9 755.2 943.1 1,519.8 1,230.8 648.0 1,052.6 1,002.4 1,309.9 798.2 484.9 260.5 165.6 138 137.3 126 75 25.5 34.4
Cost of Revenue 9,456.5 7,852.6 9,651.6 9,355.2 7,820.8 5,436.0 5,295.1 5,912.0 4,410.3 3,267.0 2,975.0 2,599.8 2,195.9 1,581.1 1,740.5 1,163.8 727.2 1,301.5 1,261.5 815.2 739.0 504.9 451.4 677.0 862.3 691.2 414.6 646.5 689.5 654.2 418.8 247.6 127.2 76.4 70.9 70.2 65 35.1 11 15.8
Gross Profit 8,979.1 7,052.8 7,776.9 7,871.8 6,805.3 4,608.7 4,358.5 5,165.0 3,603.4 2,618.9 2,284.3 2,007.5 1,403.1 1,084.1 1,497.2 969.9 388.7 1,173.4 1,305.1 827.0 763.5 431.0 303.8 266.1 657.5 539.6 233.4 406.1 312.9 655.7 379.4 237.3 133.3 89.2 67.1 67.1 61 39.9 14.5 18.6
Operating Expenses
R&D Expenses 2,096.4 1,902.4 1,727.2 1,604.2 1,493.4 1,252.4 1,191.3 1,189.5 1,033.7 913.7 825.2 716.5 683.7 444.6 373.3 320.9 288.3 323.8 285.3 228.9 195.3 170.5 160.5 179.2 227.2 176.9 142.5 206.5 170.6 186.9 127.8 76.3 0 0 0 0 0 0 0 0
SG&A Expenses 981.7 868.2 832.8 885.7 829.9 682.5 702.4 762.2 667.5 631.0 591.6 613.3 599.5 400.1 308.1 240.9 237.7 288.0 241.0 192.2 165.8 146.1 132.8 161.9 218.9 161.3 145.7 201.9 197.1 237.4 145.5 91.1 97 71.2 59.2 56.4 48.7 34.3 18.2 18.2
Other Expenses 0 18.2 42.1 0 0 0 0 0 0 0 79.4 0 1.8 1.7 11.6 (17.3) 144 52.2 0 1.1 14.2 8.3 15.9 44.9 24.8 (28.5) 58.4 178.6 9.0 35.3 (12.3) 18.4 12.7 8.8 4.5 22.6 3.6 2.9 1.5 1.1
Operating Expenses 3,078.1 2,788.9 2,602.1 2,490.0 2,323.3 1,934.9 1,893.7 1,951.7 1,701.2 1,544.7 1,496.3 1,329.8 1,285.0 846.3 692.9 544.5 670.0 664.0 526.4 422.2 375.3 324.9 309.2 385.9 470.9 309.8 346.6 587.0 376.7 459.6 261.0 185.8 109.7 80 63.7 79 52.3 37.2 19.7 19.3
Operating Income
Operating Income 5,901.0 4,263.9 5,174.9 5,381.8 4,482.0 2,673.8 2,464.7 3,213.3 1,902.1 1,074.3 788.0 677.7 118.1 237.7 804.3 425.4 (281.2) 509.4 778.7 404.8 391.0 106.2 (5.4) (119.8) 186.5 229.8 (113.2) (180.9) (63.8) 196.1 118.4 51.5 23.6 9.2 3.4 (11.9) 8.7 2.7 (5.2) (0.7)
Interest Expense 178.2 185.2 186.5 184.8 208.6 177.4 117.3 97.4 117.7 134.8 73.7 61.7 60.4 39.0 5.4 1.0 6.5 12.7 17.8 1.0 1.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 231.3 251.9 139.0 15.2 19.7 85.4 98.8 85.8 57.9 29.5 19.3 12.5 14.7 12.1 15.6 8.6 24.3 51.2 71.7 38.2 17.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 6,344.4 4,905.2 5,638.1 5,711.6 4,886.6 3,020.9 2,873.1 3,575.6 2,236.3 1,385.9 1,092.5 1,077.3 431.2 344.2 881.0 502.5 (184.2) 644.4 903.6 462.8 426.1 149.9 55.5 (10.7) 274.0 245.1 (3.9) 91.9 (1.7) 231.4 141.9 69.9 36.3 18 8.9 (7.3) 12.3 5.6 (3.7) 0.4
EBIT 5,958.1 4,545.5 5,295.7 5,377.9 4,579.4 2,752.4 2,563.8 3,249.2 1,929.4 1,094.9 814.5 785.1 127.1 243.4 806.3 431.1 (256.6) 589.6 865.5 440.8 400.5 114.5 10.5 (75.0) 215.3 199.1 (54.8) 29.7 (54.8) 196.1 118.4 51.5 23.6 9.2 3.4 (11.9) 8.7 2.7 (5.2) (0.7)
Income Before Tax 5,958.1 4,360.2 5,109.2 5,193.1 4,370.8 2,575.0 2,446.6 3,151.8 1,811.7 960.1 740.9 723.4 66.7 204.4 800.9 430.1 (263.1) 577.0 847.7 441.3 399.1 110.7 (15.6) (128.0) 201.6 236.8 (112.9) (179.1) (65.3) 216.4 127.4 57.2 27 13.6 8.1 (8.4) 12.5 3.9 (3.9) 1.9
Income Tax Expense 599.9 532.5 598.3 587.8 462.3 323.2 255.1 771.1 113.9 46.1 85.3 91.1 (47.2) 35.7 77.1 83.5 39.1 137.6 161.9 104.6 99.8 27.7 (7.9) (37.9) 60.5 32.1 0 (34.5) (31.6) 70.5 38.2 19.4 8.1 3.7 2 0.4 3.2 1.6 (1.2) 0.2
Net Income 5,358.2 3,827.8 4,510.9 4,605.3 3,908.5 2,251.8 2,191.4 2,380.7 1,697.8 914.0 655.6 632.3 113.9 168.7 723.7 346.7 (302.1) 439.3 685.8 335.8 299.3 83.0 (7.7) (90.1) 52.1 204.8 (112.9) (144.6) (33.6) 145.9 89.2 37.8 18.9 9.9 6.1 (8.8) 9.3 2.3 (2.7) 1.7
Per Share Data
EPS (Basic) 4.17 2.91 3.33 3.29 2.72 1.56 1.44 1.47 1.05 0.58 0.41 0.38 0.07 0.14 0.59 0.27 -0.24 0.35 0.49 0.24 0.22 0.06 -0.01 -0.07 0.04 0.17 -0.10 -0.13 -0.04 0.14 0.11 0.05 0.03 0.02 0.01 -0.02 0.02 0.01 -0.01 0.01
EPS (Diluted) 4.15 2.90 3.32 3.27 2.69 1.51 1.37 1.32 0.92 0.52 0.37 0.36 0.07 0.14 0.58 0.27 -0.24 0.35 0.49 0.23 0.21 0.05 -0.01 -0.07 0.04 0.15 -0.10 -0.13 -0.04 0.13 0.10 0.04 0.03 0.02 0.01 -0.02 0.02 0.01 -0.01 0.01
Shares Outstanding 1,286.1 1,314.1 1,354.7 1,399.0 1,436.1 1,448.1 1,524.8 1,807.7 1,622.2 1,589.2 1,596.3 1,647.4 1,689.3 1,241.8 1,235.3 1,269.3 1,256.0 1,246.5 1,387.1 1,385.8 1,376.2 1,406.6 1,263 1,263.6 1,238.6 1,209.5 1,154.8 1,141.7 918 1,013.2 819 771.4 726.9 618.8 554.5 517.6 489.5 460 337.5 340
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 6,390.7 5,847.9 5,337.1 3,522.0 4,418.3 4,915.2 3,658.2 4,512.3 2,377.5 5,039.3 1,501.5 1,452.7 1,162.5 1,564.8 1,492.1 545.8 374.2 732.5 574.0 910.8 482.2 163.4 167.3 172.4 221.7 70.1 38.0 13.5 125.7 62.9 43.7 24.1 67.3 25.8 12.1 15.6 14.6 11.8 25.7 23.4
Short-Term Investments 0 0 37.6 135.7 1,310.9 1,795.1 1,773.0 437.3 3,663.6 1,788.6 2,574.9 1,613.0 1,334.7 1,297.9 630.1 280.7 205.2 326.2 96.7 139.5 327.0 266.1 340.1 701.8 642.9 301.7 273.8 383.6 38.5 67.6 57.3 0 0 0 0 0 0 0 0 0
Net Receivables 3,378.1 2,519.2 2,823.4 4,313.8 3,026.4 2,097.1 1,455.5 2,176.9 1,673.4 1,262.1 1,093.6 800.6 602.6 765.8 590.6 499.9 253.6 412.4 410.0 407.3 232.0 245.5 107.6 132.1 248.9 323.9 170.5 176.0 223.1 256.8 195.7 120.3 68.7 43.9 28.1 28.3 31.9 20 7.2 9.7
Inventory 4,308.0 4,217.9 4,816.2 3,966.3 2,689.3 1,900.0 1,540.1 1,876.2 1,232.9 971.9 943.3 740.5 559.3 632.9 396.6 318.5 233.4 282.2 235.4 168.7 110.1 108.2 112.0 180.8 284.8 227.2 183.7 220.6 253.8 322.4 171.4 115.6 70.8 44.2 44.8 36.7 30.6 21.4 6.6 6.3
Other Current Assets 440.3 298.2 (37.6) 0 0 0 1.4 7.7 8.3 2.2 0 0 0 47.8 82.0 46.2 27.7 96.7 61.7 53.6 76.7 102.7 133.1 125.2 157.5 76.5 55.6 77.5 91.8 50.0 32.8 37.7 7.4 3.9 5.6 6.9 2.4 0.9 1.2 2.5
Total Current Assets 14,517.0 12,883.2 13,228.4 12,285.2 11,652.4 10,853.5 8,560.4 9,149.9 9,142.5 9,214.9 6,270.8 4,783.7 3,793.8 4,415.1 3,276.8 1,756.7 1,195.8 1,917.7 1,416.4 1,706.4 1,244.8 896.4 872.8 1,355.4 1,576.6 1,021.3 738.9 897.1 746.0 776.8 526.1 297.7 214.2 117.8 90.6 87.5 79.5 54.1 40.7 41.9
Non-Current Assets
Property, Plant & Equipment 2,428.7 2,154.5 1,856.7 1,647.6 1,477.3 1,246.1 1,059.1 902.5 685.6 639.6 621.4 543.5 603.9 584.6 270.5 200.3 215.7 235.7 113.7 49.9 41.1 42.4 48.8 67.5 126.5 119.2 103.3 144.3 184.5 170.8 117.6 61.7 43.5 29.2 24.1 16.4 12.9 10 3.5 4
Goodwill 1,626.5 1,626.5 1,622.5 1,515.1 1,490.1 1,484.4 1,484.6 1,484.9 1,385.7 1,386.3 1,387.5 1,466.2 1,452.2 1,446.3 169.2 169.2 169.2 281.3 59.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 182.2 138.5 168.5 101.8 132.4 168.5 216.9 317.8 411.0 564.9 728.1 894.1 1,074.3 1,240.4 47.4 67.7 91.6 121.9 70.9 14.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 17.0 2.9 0 0 0 0 0 0 0 0 0 0 0 0 165.3 165.2 178.4 0 0 0 0 0 0 0 0.1 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 2,573.8 1,939.0 1,905.6 1,645.8 1,140.0 806.5 937.0 880.6 754.2 465.8 356.7 305.8 298.4 270.4 124.4 102.0 84.1 230.3 413.5 503.9 119.7 153.3 189.7 123.1 148.9 92.0 85.5 83.0 34.9 21.7 38.9 22.1 11.1 9.6 2.2 2.3 3.5 2.2 0.7 2.3
Total Non-Current Assets 6,828.3 5,861.5 5,553.2 4,910.4 4,239.8 3,705.5 3,440.9 3,329.6 2,980.3 3,056.6 3,093.8 3,209.6 3,456.5 3,589.5 780.6 730.7 756.0 889.0 685.2 607.0 204.0 302.2 325.5 276.9 295.2 223.5 240.6 253.7 219.4 192.5 156.5 83.8 54.6 38.8 26.3 18.7 16.4 12.2 4.2 6.3
Total Assets 21,345.3 18,744.7 18,781.6 17,195.6 15,892.2 14,559.0 12,001.3 12,479.5 12,122.8 12,271.5 9,364.6 7,993.3 7,250.3 8,004.7 4,057.4 2,487.4 1,951.9 2,806.8 2,101.6 2,327.4 1,448.8 1,198.6 1,198.3 1,632.3 1,871.8 1,244.8 979.5 1,150.8 965.4 969.4 682.6 381.5 268.8 156.6 116.9 106.2 95.9 66.3 44.9 48.2
Current Liabilities
Account Payables 854.2 614.0 470.7 1,011.2 829.7 592.4 376.6 511.0 464.6 348.2 300.2 223.5 200.3 258.8 163.5 121.1 49.6 89.2 117.6 108.5 60.2 93.4 35.5 59.8 56.6 76.6 51.2 67.7 113.7 112.9 82.5 66.1 29.7 16.1 16.5 0 0 0 0 0
Short-Term Debt 749.7 501.3 0.4 0 0 836.1 667.1 610.0 908.4 947.7 1,359.7 518.3 514.7 511.1 4.8 5.0 5.3 30.2 0 0 0 2.5 5.0 315.3 9.0 7.6 20.6 17.4 55.8 37.9 7.6 6.8 7.3 6.1 4.9 1.4 4.3 1.3 0.5 0.7
Deferred Revenue 2,565.5 1,417.8 1,695.2 1,571.9 967.3 457.5 381.3 720.1 607.7 349.2 322.1 235.9 225.0 164.8 153.7 123.2 45.8 128.2 190.9 140.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,482.3 1,354.3 1,318.7 1,303.1 729.0 520.2 464.0 699.0 609.3 431.8 407.7 379.4 307.0 338.2 247.3 164.6 0 0 207.2 201.4 89.7 108.4 45.3 63.4 250.8 0 0 0 0 0.0 0 52.9 22.5 14.1 12.3 34.3 22.1 14.9 4.3 4.6
Total Current Liabilities 6,568.4 4,338.4 4,184.9 4,564.8 3,527.9 3,162.4 2,371.7 3,150.3 2,950.1 2,418.0 2,631.4 1,582.0 1,404.5 1,426.9 680.8 558.7 382.1 637.7 672.8 567.6 379.1 376.6 217.0 597.5 499.7 287.8 244.0 293.5 329.1 306.7 188.7 125.8 59.5 36.3 33.7 35.7 26.4 16.2 4.8 5.3
Non-Current Liabilities
Long-Term Debt 3,719.7 4,466.0 4,964.9 4,962.5 4,954.3 4,959.4 3,822.8 1,806.6 1,785.0 3,378.1 1,001.4 817.2 789.3 761.8 738.5 17.6 40.9 276.1 250 350 2.8 9.6 332.2 359.7 659.7 321.7 326.5 334.2 45.7 52.9 95.9 78.8 79.1 13.7 21.9 16.1 12.4 3.4 0.3 0.3
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 103.0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.7 0 0 0 0 0 0 0 0 0.2
Other Non-Current Liabilities 991.7 1,388.3 1,383.4 1,354.1 1,353.4 1,242.3 1,083.6 942.6 400.4 366.1 387.0 381.0 380.8 493.8 164.8 143.0 14.1 109.0 2.5 1.0 0 0 0 0 0 0 0 0 0 0 0 0.1 (0.1) 0 0 0 0 0 0 (0.1)
Total Non-Current Liabilities 4,915.2 5,866.8 6,386.6 6,352.5 6,337.1 6,213.1 4,906.4 2,749.1 2,185.3 3,744.2 1,388.3 1,198.2 1,170.0 1,255.6 903.3 160.6 158.0 385.1 252.5 351.0 2.8 9.6 332.2 359.7 659.7 321.7 326.5 334.2 45.7 52.9 98.6 78.9 79 13.7 21.9 16.1 12.4 3.4 0.3 0.4
Total Liabilities 11,483.6 10,205.3 10,571.5 10,917.3 9,865.0 9,375.6 7,278.0 5,899.4 5,135.5 6,162.2 4,019.7 2,780.2 2,574.5 2,682.5 1,584.0 719.3 498.8 1,022.8 925.3 918.6 381.9 386.2 549.2 957.2 1,159.4 609.4 570.5 627.7 374.8 359.6 287.4 204.7 138.5 50 55.6 51.8 38.8 19.6 5.1 5.7
Stockholders' Equity
Common Stock 1.3 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 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 0.0 0.0 0.0 0.0 0.0 0 0 0 0 0 0 0 0 0
Retained Earnings 28,988.9 24,811.3 22,032.1 18,454.7 14,684.9 11,520.6 9,930.9 8,261.2 6,249.7 4,820.1 4,096.9 3,575.7 2,972.7 2,858.8 2,690.1 1,966.3 1,624.2 1,926.4 1,469.5 784.4 520.2 221.1 143.8 157.0 254.3 227.3 28.8 141.7 278.0 311.6 170.5 81.3 43.5 24.6 14.7 8.6 17.4 8.1 4 6.6
Accumulated Other Comprehensive Income (62.4) (130.4) (100.7) (110.0) (64.1) (94.2) (64.0) (57.4) (61.7) (69.3) (57.8) (28.7) (28.7) (33.8) 9.8 (69.8) (52.8) 10.6 (4.3) (11.2) (12.0) (17.1) (16.5) (15.2) (18.2) (7.5) (0.4) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 9,861.6 8,539.5 8,210.2 6,278.4 6,027.2 5,183.5 4,723.3 6,580.0 6,987.3 6,102.1 5,345.0 5,213.1 4,675.8 5,322.1 2,469.8 1,768.1 1,453.1 1,778.6 1,176.3 1,408.8 1,066.9 812.5 649.1 675.1 712.4 635.4 409.0 523.1 590.6 609.8 395.3 176.8 130.3 106.6 61.3 54.4 57.1 46.7 39.8 42.5
Total Liabilities & Equity 21,345.3 18,744.7 18,781.6 17,195.6 15,892.2 14,559.0 12,001.3 12,479.5 12,122.8 12,264.3 9,364.6 7,993.3 7,250.3 8,004.7 4,053.9 2,487.4 1,951.9 2,806.8 2,101.6 2,327.4 1,448.8 1,198.6 1,198.3 1,632.3 1,871.8 1,244.8 979.5 1,150.8 965.4 969.4 682.6 381.5 268.8 156.6 116.9 106.2 95.9 66.3 44.9 48.2
Debt Metrics
Total Debt 4,756.6 4,983.3 5,011.5 5,005.8 4,995.1 5,810.7 4,489.9 2,416.6 2,693.4 4,325.9 2,361.0 1,335.5 1,303.9 1,272.9 743.3 22.6 46.2 306.3 250 350 2.8 12.1 337.2 675.0 668.7 329.3 347.1 351.5 101.5 90.8 103.5 85.6 86.4 19.8 26.8 17.5 16.7 4.7 0.8 1
Net Debt (1,634.1) (864.5) (325.5) 1,483.8 576.8 895.6 831.7 (2,095.7) 315.9 (713.5) 859.5 (117.2) 141.4 (291.8) (748.9) (523.2) (327.9) (426.2) (324.0) (560.8) (479.5) (151.3) 169.9 502.6 447.0 259.2 309.1 338.0 (24.2) 27.9 59.8 61.5 19.1 (6) 14.7 1.9 2.1 (7.1) (24.9) (22.4)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Operating Activities
Net Income 5,358.2 3,827.8 4,510.9 4,605.3 3,908.5 2,251.8 2,191.4 2,380.7 1,697.8 914.0 655.6 632.3 113.9 168.7 723.7 346.7 (302.1) 439.3 685.8 335.8 299.3 83.0 (7.7) (90.1) 52.1 204.8 (112.9) (144.6) (33.6) 141.1 89.2 37.8 18.9 9.9 6.1 (8.8) 9.3
Depreciation & Amortization 386.3 359.7 342.4 333.7 307.2 268.5 309.3 326.4 306.9 291.0 277.9 292.3 304.1 100.8 74.8 71.4 72.4 54.7 37.4 24.7 29.7 35.4 45.0 64.3 58.7 46.0 50.9 62.3 53.1 33.8 23.5 18.4 12.7 8.8 5.5 4.6 3.6
Stock-Based Compensation 343.4 293.1 286.6 259.1 220.2 189.2 187.2 172.2 150.0 142.3 135.4 103.7 99.3 81.6 53.0 50.5 53.0 42.5 22.8 22.8 0.9 3.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 441.8 360.5 158.7 (1,796.2) (678.7) (571.9) 491.5 (317.2) (310.8) (52.2) (420.9) (292.9) 200.2 66.2 22.0 (159.9) (95.1) 74.0 29.0 (59.9) (8.2) 25.2 6.7 (26.6) 44.1 (126.3) (10.9) 55.6 85.1 (126.7) (81.1) (36.6) (38.3) (17.2) (15.4) (3.1) (14.9)
Other Non-Cash Items 6.8 10.2 52.3 (44.8) (17.4) 6.6 1.5 90.6 80.5 104.1 132.0 (25.8) 72.5 39.3 (10.5) 28.3 163.1 6.4 31.5 9.7 15.0 (0.5) 34.0 108.3 113.4 (23.1) 39.1 103.6 0 0 0 0 (0.1) 0.1 0.2 14.5 0.1
Operating Cash Flow 6,173.3 4,652.3 5,178.9 3,099.7 3,588.2 2,126.5 3,176.0 2,655.7 2,029.3 1,350.3 785.5 717.0 719.9 499.0 881.0 350.7 (78.1) 590.3 823.6 360.7 425.9 157.1 69.2 21.8 261.3 119.8 (37.2) 51.2 80.2 26.6 19.1 6.3 (9.6) 2.6 (0.4) 4 (3.7)
Investing Activities
Capital Expenditure (759.2) (396.7) (501.6) (546.0) (349.1) (203.2) (303.5) (273.5) (157.4) (175.3) (198.3) (145.5) (160.8) (107.3) (127.5) (35.6) (44.3) (76.8) (60.0) (42.1) (22.8) (24.0) (12.3) (10.6) (64.4) (50.4) (33.2) (50.2) (39.5) (66.6) (63.4) (19) (14.2) (8.9) (13) (9.9) (6.4)
Acquisitions 0 0 (120.0) 0 349.1 203.2 303.5 (115.7) 157.4 175.3 40.1 (30.2) (9.9) 418.7 (209.4) 35.6 (19.5) (482.6) (181.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 (98.1) (567.8) (3,389.4) (2,897.6) (1,326.2) (2,532.8) (1,883.9) (875.0) (952.2) (284.0) (58.4) (52.7) (353.9) (80.2) (3.4) (310.9) (1,058.1) (129.5) (247.4) (463.5) (718.6) (2,745.2) (1,359.1) (4,304.9) (3,771.3) (8,248.7) (589.2) (405.8) (348.2) (24.1) 0 0 0 0 (6.6)
Sales/Maturities of Investments 0 37.8 98.1 1,733.7 3,853.9 2,882.6 1,603.8 3,152.9 2,698.0 798.8 2,137.1 1,028.3 1,039.6 841.4 211.0 13.2 173.8 329.7 1,106.3 312.3 184.1 530.4 1,026.6 2,669.3 1,017.9 4,277.0 3,881.1 7,919.9 618.3 432.6 290.0 0 0 0 0 0 11.3
Other Investing Activities 51.1 (11.7) 87.0 (7.6) (391.3) (229.1) (1,914.7) 2,517.5 (2,872.7) 668.7 (2,132.7) (833.8) (1,049.1) (830.4) (0.0) (36.4) (100.6) 44.8 110 (385) 27.4 5.6 0.6 (1.6) (21.9) (13.6) (6.7) (59.6) (11.7) (7.9) (3.0) (7.9) (2.7) (0.2) 0 0.1 0
Investing Cash Flow (708.1) (370.6) (534.6) 612.3 73.3 (244.1) (1,637.1) 2,748.4 (2,058.6) 592.5 (1,106.1) (265.2) (238.6) 269.7 (479.9) (103.4) 6.0 (495.8) (82.8) (244.3) (58.7) 48.5 296.4 (88.1) (427.5) (91.7) 70.0 (438.6) (22.2) (47.7) (124.7) (51) (16.9) (9.1) (13) (9.8) (1.7)
Financing Activities
Net Debt Issuance (507.5) (256.1) (23.2) (11.9) (862.1) 1,307.1 1,997.3 (396.1) (1,688.3) 1,886.6 990.7 (1.7) (2.2) (5.3) 878.3 (20.7) (255.4) 0.2 (100.2) 349.5 0 (300.0) (361.4) (8.7) 335.7 (20.4) (7.1) 239.8 (8.6) 32.5 3.1 (1.1) 65.4 (15.1) 9.3 0.8 12
Stock Repurchased (3,422.3) (2,842.8) (2,017.0) (3,865.7) (2,697.7) (1,369.6) (3,780.6) (2,653.2) (811.7) (158.4) (573.2) (244.9) (955.7) (772.7) (211.3) (93.0) (30.9) (14.6) (1,083.7) (251.2) (167.1) 0 (39.1) (10.7) (45.1) (31.6) (18.9) 0 0 (3.5) 0 0 0 0 0 0 0
Dividends Paid (1,149.5) (1,018.9) (907.9) (815.3) (727.0) (656.8) (678.3) (307.6) (243.5) (190.4) (116.1) 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
Other Financing Activities 0.1 106.4 106.3 108.2 95.7 95.4 64.8 75.6 38.5 57.9 77.1 49.0 30.7 28.2 (2.8) 10.2 (6.3) 58.9 45.0 17.8 0 10.9 0 0 0 0 (0.7) 0 0 (38.3) 0 0 0.1 0.1 0.1 0 0
Financing Cash Flow (4,936.6) (3,995.8) (2,830.7) (4,578.9) (4,167.0) (623.9) (2,390.1) (3,272.1) (2,632.4) 1,595.7 378.5 (162.7) (887.8) (692.7) 527.0 (72.7) (260.8) 65.8 (1,078.3) 310.7 (52.3) (211.7) (373.3) 16.3 321.9 8.4 (8.3) 260.0 4.8 40.3 125.2 1.6 67.9 20.3 9.9 6.9 12.9
Cash Position
Net Change in Cash 556.9 263.4 1,813.8 (897.2) (498.3) 1,255.7 (855.2) 2,134.7 (2,661.8) 3,537.8 48.9 290.2 (402.3) 72.6 946.4 171.6 (358.4) 158.6 (336.8) 428.6 318.8 (3.9) (5.1) (49.2) 151.6 32.1 24.5 (127.4) 62.8 19.2 19.6 (43.2) 67.9 20.3 9.9 6.9 12.9
Cash at Beginning 5,850.8 5,587.4 3,773.5 4,670.8 5,169.1 3,913.4 4,768.6 2,377.5 5,039.3 1,501.5 1,452.7 1,162.5 1,564.8 1,492.1 545.8 374.2 732.5 574.0 910.8 482.2 163.4 167.3 172.4 221.7 70.1 38.0 13.5 140.9 62.9 43.7 24.1 67.3 25.8 12.1 15.6 14.6 7.2
Cash at End 6,407.7 5,850.8 5,587.4 3,773.5 4,670.8 5,169.1 3,913.4 4,512.3 2,377.5 5,039.3 1,501.5 1,452.7 1,162.5 1,564.8 1,492.1 545.8 374.2 732.5 574.0 910.8 482.2 163.4 167.3 172.4 221.7 70.1 38.0 13.5 125.7 62.9 43.7 24.1 93.7 32.4 25.5 21.5 20.1
Free Cash Flow 5,414.1 4,255.6 4,677.4 2,553.6 3,239.1 1,923.2 2,872.5 2,382.3 1,871.9 1,174.9 587.2 571.5 559.1 391.8 753.5 315.1 (122.4) 513.5 763.6 318.6 403.1 133.1 57.0 11.2 196.9 69.5 (70.4) 1.0 40.6 (40.0) (44.3) (12.7) (23.8) (6.3) (13.4) (5.9) (10.1)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 18,435.6 14,905.4 17,426.7 17,227.0 14,626.1 10,044.7 9,653.6 11,077.0 8,013.6 5,885.9 5,259.3 4,607.3 3,598.9 2,665.2 3,237.7 2,133.8 1,115.9 2,474.9 2,566.6 1,642.2 1,502.5 935.9 755.2 943.1 1,519.8 1,230.8 648.0 1,052.6 1,002.4 1,309.9 798.2 484.9 260.5 165.6 138 137.3 126 75 25.5 34.4
Gross Profit 8,979.1 7,052.8 7,776.9 7,871.8 6,805.3 4,608.7 4,358.5 5,165.0 3,603.4 2,618.9 2,284.3 2,007.5 1,403.1 1,084.1 1,497.2 969.9 388.7 1,173.4 1,305.1 827.0 763.5 431.0 303.8 266.1 657.5 539.6 233.4 406.1 312.9 655.7 379.4 237.3 133.3 89.2 67.1 67.1 61 39.9 14.5 18.6
Operating Income 5,901.0 4,263.9 5,174.9 5,381.8 4,482.0 2,673.8 2,464.7 3,213.3 1,902.1 1,074.3 788.0 677.7 118.1 237.7 804.3 425.4 (281.2) 509.4 778.7 404.8 391.0 106.2 (5.4) (119.8) 186.5 229.8 (113.2) (180.9) (63.8) 196.1 118.4 51.5 23.6 9.2 3.4 (11.9) 8.7 2.7 (5.2) (0.7)
Net Income 5,358.2 3,827.8 4,510.9 4,605.3 3,908.5 2,251.8 2,191.4 2,380.7 1,697.8 914.0 655.6 632.3 113.9 168.7 723.7 346.7 (302.1) 439.3 685.8 335.8 299.3 83.0 (7.7) (90.1) 52.1 204.8 (112.9) (144.6) (33.6) 145.9 89.2 37.8 18.9 9.9 6.1 (8.8) 9.3 2.3 (2.7) 1.7
EPS (Diluted) 4.15 2.90 3.32 3.27 2.69 1.51 1.37 1.32 0.92 0.52 0.37 0.36 0.07 0.14 0.58 0.27 -0.24 0.35 0.49 0.23 0.21 0.05 -0.01 -0.07 0.04 0.15 -0.10 -0.13 -0.04 0.13 0.10 0.04 0.03 0.02 0.01 -0.02 0.02 0.01 -0.01 0.01
Balance Sheet
Cash & Equivalents 6,390.7 5,847.9 5,337.1 3,522.0 4,418.3 4,915.2 3,658.2 4,512.3 2,377.5 5,039.3 1,501.5 1,452.7 1,162.5 1,564.8 1,492.1 545.8 374.2 732.5 574.0 910.8 482.2 163.4 167.3 172.4 221.7 70.1 38.0 13.5 125.7 62.9 43.7 24.1 67.3 25.8 12.1 15.6 14.6 11.8 25.7 23.4
Total Assets 21,345.3 18,744.7 18,781.6 17,195.6 15,892.2 14,559.0 12,001.3 12,479.5 12,122.8 12,271.5 9,364.6 7,993.3 7,250.3 8,004.7 4,057.4 2,487.4 1,951.9 2,806.8 2,101.6 2,327.4 1,448.8 1,198.6 1,198.3 1,632.3 1,871.8 1,244.8 979.5 1,150.8 965.4 969.4 682.6 381.5 268.8 156.6 116.9 106.2 95.9 66.3 44.9 48.2
Total Debt 4,756.6 4,983.3 5,011.5 5,005.8 4,995.1 5,810.7 4,489.9 2,416.6 2,693.4 4,325.9 2,361.0 1,335.5 1,303.9 1,272.9 743.3 22.6 46.2 306.3 250 350 2.8 12.1 337.2 675.0 668.7 329.3 347.1 351.5 101.5 90.8 103.5 85.6 86.4 19.8 26.8 17.5 16.7 4.7 0.8 1
Stockholders' Equity 9,861.6 8,539.5 8,210.2 6,278.4 6,027.2 5,183.5 4,723.3 6,580.0 6,987.3 6,102.1 5,345.0 5,213.1 4,675.8 5,322.1 2,469.8 1,768.1 1,453.1 1,778.6 1,176.3 1,408.8 1,066.9 812.5 649.1 675.1 712.4 635.4 409.0 523.1 590.6 609.8 395.3 176.8 130.3 106.6 61.3 54.4 57.1 46.7 39.8 42.5
Cash Flow
Operating Cash Flow 6,173.3 4,652.3 5,178.9 3,099.7 3,588.2 2,126.5 3,176.0 2,655.7 2,029.3 1,350.3 785.5 717.0 719.9 499.0 881.0 350.7 (78.1) 590.3 823.6 360.7 425.9 157.1 69.2 21.8 261.3 119.8 (37.2) 51.2 80.2 26.6 19.1 6.3 (9.6) 2.6 (0.4) 4 (3.7)
Capital Expenditure (759.2) (396.7) (501.6) (546.0) (349.1) (203.2) (303.5) (273.5) (157.4) (175.3) (198.3) (145.5) (160.8) (107.3) (127.5) (35.6) (44.3) (76.8) (60.0) (42.1) (22.8) (24.0) (12.3) (10.6) (64.4) (50.4) (33.2) (50.2) (39.5) (66.6) (63.4) (19) (14.2) (8.9) (13) (9.9) (6.4)
Free Cash Flow 5,414.1 4,255.6 4,677.4 2,553.6 3,239.1 1,923.2 2,872.5 2,382.3 1,871.9 1,174.9 587.2 571.5 559.1 391.8 753.5 315.1 (122.4) 513.5 763.6 318.6 403.1 133.1 57.0 11.2 196.9 69.5 (70.4) 1.0 40.6 (40.0) (44.3) (12.7) (23.8) (6.3) (13.4) (5.9) (10.1)