Mastercard Incorporated logo MA - Mastercard Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 50
HOLD 13
SELL 0
STRONG
SELL 0
| PRICE TARGET: $655.56 DETAILS
HIGH: $739.00
LOW: $561.00
MEDIAN: $657.50
CONSENSUS: $655.56
UPSIDE: 31.50%
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 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2
Revenue
Revenue 8,398 8,806 8,602 8,133 7,250 7,489 7,369 6,961 6,348 6,548 6,533 6,269 5,748 5,817 5,756 5,497 5,167 5,216 4,985 4,528 4,155 4,120 3,837 3,335 4,009 4,414 4,467 4,113 3,889 3,807 3,898 3,665 3,580 3,312 3,398 3,053 2,734 2,756 2,880 2,694 2,446 2,517 2,530 2,390 2,230 2,416 2,490 2,368 2,172 2,126 2,218 2,096 1,906 1,895 1,918 1,820 1,758 1,728 1,818 1,667 1,501 1,438 1,428 1,365 1,308 1,298.4 1,364 1,280 1,156 1,224.8 1,338.2 1,246.5 1,182.1 1,072.7 1,082.8 997.0 915.1 839.2 902.0 846.5 738.5 734.4 734.4 734.4 734.4 648.3 648.3 648.3 648.3 567.6 556.9 509.2 448.8
Cost of Revenue 2,037 0 1,893 1,852 1,688 1,653 1,899 1,607 1,514 1,528 1,573 1,495 1,426 1,381 1,382 1,319 1,181 1,089 1,166 1,130 1,104 970 940 915 962 936 937 853 811 843 822 797 752 726 723 644 594 579 575 551 520 565 584 488 468 618 511 485 450 452 452 0 0 1,565 402 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 6,361 8,806 6,709 6,281 5,562 5,836 5,470 5,354 4,834 5,020 4,960 4,774 4,322 4,436 4,374 4,178 3,986 4,127 3,819 3,398 3,051 3,150 2,897 2,420 3,047 3,478 3,530 3,260 3,078 2,964 3,076 2,868 2,828 2,586 2,675 2,409 2,140 2,177 2,305 2,143 1,926 1,952 1,946 1,902 1,762 1,798 1,979 1,883 1,722 1,674 1,766 2,096 1,906 330 1,516 1,820 1,758 1,728 1,818 1,667 1,501 1,438 1,428 1,365 1,308 1,298.4 1,364.3 1,279.9 1,156 1,224.8 1,338.2 1,246.5 1,182.1 1,072.7 1,082.8 997.0 915.1 839.2 902.0 846.5 738.5 734.4 734.4 734.4 734.4 648.3 648.3 648.3 648.3 567.6 556.9 509.2 448.8
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
SG&A Expenses 1,454 3,425 1,648 1,086 986 1,371 1,049 990 860 1,117 880 882 768 1,060 831 803 808 1,095 868 796 683 878 628 527 738 913 740 728 747 867 647 651 738 936 593 612 490 721 530 572 443 754 495 478 412 706 494 402 383 587 440 807 737 (658) 379 770 704 916 765 733 623 823 626 613 573 791.9 649 687 564 726.4 761.2 802.4 641.2 864.5 697.3 699.7 577.0 729.0 602.1 695.5 530.5 0 0 0 0 0 0 0 0 1,360.5 476.4 597.3 377.1
Other Expenses 0 (33) 0 418 427 527 417 328 370 531 236 236 418 192 431 357 228 205 234 261 171 214 164 186 98 166 135 135 118 863 142 281 265 128 141 144 144 93 105 191 135 91 82 173 (1) 74 65 98 54 167 78 61 62 89 73 76 54 822 51 49 42 46 36 35 35 38.4 42 36 31 36.0 856.2 1,677.3 25.3 36.2 32.3 28.4 24.2 64.2 25.1 425.0 25.2 2,544.4 0 0 0 2,246.7 0 0 0 (690.0) 30.6 27.6 18.9
Operating Expenses 1,454 3,392 1,648 1,504 1,413 1,898 1,466 1,318 1,230 1,648 1,116 1,118 1,186 1,252 1,262 1,160 1,036 1,300 1,102 1,057 854 1,092 792 713 836 1,079 875 863 865 1,730 789 932 1,003 1,064 734 756 634 814 635 763 578 845 577 651 411 780 559 500 437 754 518 868 799 (569) 452 846 758 1,738 816 782 665 869 662 648 608 830.3 691 723 595 762.5 1,617.4 2,479.7 666.5 900.6 729.5 728.1 601.2 793.2 627.2 1,120.5 555.7 2,544.4 0 0 0 2,246.7 0 0 0 670.5 506.9 624.8 396.0
Operating Income
Operating Income 4,907 5,414 5,061 4,777 4,149 3,938 4,004 4,036 3,604 3,372 3,844 3,656 3,136 3,184 3,112 3,018 2,950 2,827 2,717 2,341 2,197 2,058 2,105 1,707 2,211 2,399 2,655 2,397 2,213 1,234 2,287 1,936 1,825 1,522 1,941 1,653 1,506 1,363 1,670 1,380 1,348 1,107 1,369 1,251 1,351 1,018 1,420 1,383 1,285 920 1,248 1,228 1,107 899 1,064 974 1,000 (10) 1,002 885 836 569 766 717 700 468.1 673 557 561 462.4 (279.3) (1,233.2) 515.6 172.1 353.3 268.8 313.9 46.0 274.8 (274.0) 182.7 (1,810.0) 734.4 734.4 734.4 (1,598.3) 648.3 648.3 648.3 (102.9) 49.9 (115.6) 52.7
Interest Expense 185 159 186 195 182 184 159 153 150 148 151 144 132 127 120 114 110 108 110 106 107 105 105 101 69 64 63 51 46 47 48 48 43 41 35 39 39 30 23 22 20 12 15 17 17 16 11 15 6 7 0 5 5 7 4 3 6 7 6 2 10 9 11 17 15 23.4 24 32 36 0 0 0 15.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 81 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 0 0 9 0 0 0 12 17 11 12 0 11 13 10 0 0 0 0 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 5,527 5,207 5,351 5,148 4,488 4,306 4,250 4,317 3,924 3,674 4,123 4,040 3,176 3,400 3,377 3,101 3,075 3,120 3,114 2,770 2,460 2,423 2,161 1,936 2,200 2,685 2,734 2,692 2,366 1,375 2,423 2,085 1,966 1,641 2,085 1,778 1,609 1,433 1,749 1,480 1,452 1,130 1,461 1,350 1,444 1,107 1,512 1,469 1,360 989 1,326 1,299 1,169 963 1,128 1,032 1,060 47 1,087 943 888 633 814 765 745 520.2 733 604 617 747.3 (250.5) (1,205.3) 729.2 198.2 375.6 293.8 338.1 70.7 299.9 (249.3) 207.9 (1,810.0) 734.4 734.4 734.4 (1,598.3) 648.3 648.3 648.3 (18.7) 80.5 (88.0) 71.7
EBIT 4,907 4,910 5,061 4,867 4,213 4,075 4,025 4,092 3,708 3,469 3,912 3,848 2,985 3,216 3,192 2,912 2,883 2,931 2,926 2,584 2,297 2,273 2,020 1,791 2,056 2,539 2,597 2,570 2,249 1,262 2,312 1,970 1,846 1,525 1,967 1,667 1,517 1,341 1,656 1,387 1,357 1,037 1,367 1,258 1,357 1,023 1,429 1,388 1,287 918 1,262 1,238 1,107 901 1,070 976 1,006 (5) 1,036 894 846 591 778 730 710 481.8 697 568 586 717.2 (279.3) (1,233.2) 703.9 172.1 353.3 268.8 313.9 46.0 274.8 (274.0) 182.7 (1,810.0) 734.4 734.4 734.4 (1,598.3) 648.3 648.3 648.3 (49.7) 49.9 (115.6) 52.7
Income Before Tax 4,812 4,876 4,999 4,672 4,031 3,891 3,866 3,939 3,558 3,321 3,761 3,704 2,853 3,089 3,072 2,798 2,773 2,823 2,816 2,478 2,190 2,168 1,915 1,690 1,987 2,475 2,534 2,519 2,203 1,215 2,264 1,922 1,803 1,484 1,932 1,628 1,478 1,311 1,633 1,365 1,337 1,025 1,352 1,241 1,340 1,007 1,418 1,373 1,281 911 1,254 1,233 1,102 894 1,066 973 1,000 (12) 1,030 892 836 582 767 713 695 458.3 673 536 550 445.1 (293.7) (1,223.2) 688.6 467.0 482.3 386.3 335.8 69.7 292.1 (260.6) 192.9 0 0 0 0 0 0 0 0 (107.7) 50.0 (105.1) 56.3
Income Tax Expense 930 816 1,072 971 751 549 603 681 547 530 563 859 492 564 573 523 142 444 402 412 362 383 402 270 294 375 426 471 341 316 365 353 311 1,257 502 451 397 378 449 382 378 135 375 320 320 206 403 442 411 288 375 385 336 289 294 273 318 (30) 314 284 274 167 248 255 240 163.9 221 187 183 205.6 (100.1) (476.5) 241.7 162.8 167.8 134.0 120.9 28.8 99.1 49.9 66.2 0 0 0 0 0 0 0 0 (40.5) 17.7 (53.6) 19.9
Net Income 3,882 4,060 3,927 3,701 3,280 3,342 3,263 3,258 3,011 2,791 3,198 2,845 2,361 2,525 2,499 2,275 2,631 2,379 2,414 2,066 1,828 1,785 1,513 1,420 1,693 2,100 2,108 2,048 1,862 899 1,899 1,569 1,492 227 1,430 1,177 1,081 933 1,184 983 959 890 977 921 1,020 801 1,015 931 870 623 879 848 766 605 772 700 682 19 717 608 562 415 518 458 455 294.0 452 349 367 239.4 (193.6) (746.7) 446.9 304.2 314.5 252.3 214.9 40.9 193.0 (310.5) 126.7 66.7 66.7 66.7 66.7 59.5 59.5 59.5 59.5 (67.1) 32.3 (51.5) 36.4
Per Share Data
EPS (Basic) 4.35 4.53 4.35 4.07 3.60 3.64 3.54 3.51 3.23 2.98 3.40 3.01 2.48 2.63 2.59 2.34 2.69 2.42 2.45 2.09 1.84 1.79 1.51 1.41 1.68 2.08 2.08 2.01 1.81 0.87 1.83 1.50 1.42 0.21 1.34 1.10 1.00 0.86 1.08 0.89 0.86 0.79 0.86 0.81 0.89 0.70 0.88 0.80 0.73 0.05 0.73 0.70 0.62 0.49 0.62 0.56 0.54 0.01 0.56 0.48 0.43 0.32 0.40 0.35 0.35 0.23 0.35 0.27 0.28 0.18 -0.15 -0.57 0.34 0.23 0.23 0.19 0.16 0.03 0.14 -0.23 0.09 0.07 0.11 0.12 0.09 0.06 0.06 0.07 0.07 -0.08 0.03 -0.05 0.05
EPS (Diluted) 4.35 4.52 4.34 4.07 3.59 3.64 3.53 3.50 3.22 2.97 3.39 3.00 2.47 2.62 2.58 2.34 2.68 2.41 2.44 2.08 1.83 1.78 1.51 1.41 1.68 2.07 2.07 2.00 1.80 0.87 1.82 1.50 1.41 0.21 1.34 1.10 1.00 0.86 1.08 0.89 0.86 0.79 0.86 0.81 0.89 0.69 0.87 0.80 0.73 0.05 0.73 0.70 0.62 0.49 0.62 0.56 0.54 0.01 0.56 0.48 0.43 0.32 0.39 0.35 0.35 0.23 0.35 0.27 0.28 0.18 -0.15 -0.57 0.34 0.23 0.23 0.19 0.16 0.03 0.14 -0.23 0.09 0.07 0.11 0.12 0.09 0.06 0.06 0.07 0.07 -0.08 0.03 -0.05 0.05
Shares Outstanding 891 897 903 908 912 917 923 929 933 936 941 946 953 960 965 971 977 982 986 990 994 996.0 1,001 1,004 1,005 1,008.0 1,013.0 1,020.0 1,026.0 1,032.0 1,037.0 1,043.0 1,051.0 1,057.0 1,063.0 1,070.0 1,078.0 1,087.0 1,096.0 1,098.0 1,109.0 1,121.0 1,130.0 1,138.0 1,148.0 1,153.0 1,157.0 1,165.0 1,185.0 1,211.0 1,205.0 1,214.0 1,226.0 1,240.0 1,250.0 1,260.0 1,270.0 1,270.0 1,270.0 1,270.0 1,300.0 1,300 1,310.0 1,310.0 1,300.0 1,300 1,300.0 1,300.0 1,300.0 1,295.7 1,295.4 1,300.7 1,314.3 1,314.3 1,353.6 1,358.7 1,358.5 1,357.1 1,356.8 1,352.5 1,349.7 1,000 1,000.0 1,000.0 1,000.0 1,000 951.0 901.7 804.3 804.3 1,010.2 1,000.9 727.8
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 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3
Current Assets
Cash & Cash Equivalents 7,906 10,566 10,313 9,031 7,575 8,442 11,063 6,996 7,293 8,588 6,890 6,170 6,566 7,008 7,633 5,921 6,879 7,421 6,406 6,216 7,246 10,113 10,225 11,137 10,207 6,988 5,101 5,691 5,857 6,682 6,871 6,210 6,890 5,933 5,559 5,177 6,006 6,721 5,205 5,176 4,894 2,323 2,119 2,055 2,048.2 1,678.2 1,687.4 442 345 374.2 305.0 141.2 336.5 269.9
Short-Term Investments 313 332 335 336 319 330 338 362 364 592 602 344 402 400 412 438 449 473 510 544 489 483 400 390 477 688 751 809 1,317 1,696 1,622 1,535 1,378 1,849 1,864 1,782 1,654 1,614 1,774 1,271 1,314 1,130 982 824 605.4 597.7 1,590.4 535 539 536.3 0 0 535.5 0
Net Receivables 4,720 4,609 4,247 4,184 3,965 3,773 4,014 4,195 4,231 4,060 3,925 3,763 3,511 3,425 3,167 4,238 3,990 3,006 3,681 3,710 4,326 4,352 3,732 3,929 3,605 5,509 5,223 4,156 4,003 4,728 3,612 3,696 3,644 3,344 3,057 2,979 2,638 2,509 2,435 2,208 2,206 928 915 995 1,170.8 1,088.3 880.0 446 411 259.4 210.3 202.9 198.9 200.7
Inventory 2,062 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 2,858 8,051 8,328 8,589 7,945 7,179 6,885 6,227 6,536 5,721 5,542 6,188 5,916 5,739 5,545 4,492 4,574 5,957 4,612 4,457 4,285 4,087 3,935 3,846 3,784 3,612 3,580 3,291 2,411 3,014 2,888 2,743 2,765 2,594 2,583 2,432 1,527 2,266 2,216 2,124 1,479 830 812 816 581.1 536.2 156.2 242 258 347.7 840.5 871.7 317.6 841.5
Total Current Assets 22,498 23,558 23,223 22,140 19,804 19,724 22,300 17,780 18,424 18,961 16,983 16,530 16,420 16,606 16,823 15,211 15,953 16,949 15,382 15,079 16,405 19,113 18,469 19,381 18,123 16,902 14,847 14,165 14,396 16,171 15,064 14,305 14,707 13,797 13,231 12,542 12,885 13,228 11,776 10,998 10,606 5,543 5,106 5,003 4,690.2 4,106.9 4,481.3 1,665 1,553 1,609.8 1,486.2 1,342.8 1,455.6 1,404.8
Non-Current Assets
Property, Plant & Equipment 2,349 2,303 2,299 2,225 2,171 2,138 2,176 2,148 2,077 2,061 1,972 1,986 2,006 2,006 1,951 1,950 1,957 1,907 1,860 1,839 1,850 1,902 1,887 1,872 1,901 1,828 1,492 1,348 1,305 921 876 860 839 829 901 845 748 733 698 680 669 435 433 449 456.8 454.2 280.4 237 245 258.5 255.6 251.1 226.7 215.8
Goodwill 9,525 9,560 9,574 9,598 9,352 9,193 7,721 7,563 7,545 7,660 7,488 7,579 7,575 7,522 7,176 7,519 7,625 7,662 7,569 7,661 7,051 4,960 4,159 4,081 4,070 4,021 3,724 3,524 2,944 2,904 2,950 2,974 3,104 3,035 3,015 2,759 1,775 1,756 1,814 1,834 1,886 267 293 309 300.4 281.3 233.1 204 195 187.9 172.3 157.0 152.9 140.2
Intangible Assets 5,495 5,554 5,591 5,629 5,533 5,453 4,235 4,149 4,123 4,086 4,022 4,049 4,027 3,859 3,582 3,676 3,675 3,671 3,561 3,613 3,321 1,753 1,507 1,480 1,447 1,417 1,310 1,232 1,025 991 1,023 1,043 1,118 1,120 1,147 1,126 702 722 747 762 788 390 408 415 397.3 375.5 303.9 317 323 327.6 312.6 300.6 285.7 271.9
Long-Term Investments 0 1,705 1,685 1,638 1,598 1,607 1,601 1,709 1,737 1,729 1,650 1,664 1,503 1,730 1,678 1,634 1,772 1,834 1,684 1,595 1,305 1,172 913 958 870 914 757 867 348 337 279 268 253 249 240 233 136 132 149 172 169 170 395 518 223.9 228.1 0 196 196 196.1 0 0 6.6 0
Other Non-Current Assets 11,191 9,910 9,371 8,631 8,437 8,352 7,592 7,561 7,367 6,596 6,189 6,075 6,138 5,850 5,333 5,321 5,386 5,160 4,883 4,670 4,409 4,193 4,052 3,782 3,687 3,611 3,333 3,117 2,998 2,966 2,646 2,626 2,573 2,049 1,955 1,959 2,011 1,797 1,812 1,499 1,434 496 469 512 413.2 415.9 546.1 268 250 97.0 288.8 261.1 92.0 93.4
Total Non-Current Assets 29,956 30,599 30,066 29,291 28,666 28,357 24,937 24,553 24,178 23,487 22,691 22,474 22,516 22,118 20,789 21,020 21,210 20,720 20,028 19,832 18,395 14,471 13,125 12,746 12,525 12,334 11,134 10,566 9,124 8,689 8,276 8,166 8,237 7,532 7,683 7,297 5,685 5,447 5,547 5,284 5,299 1,889 2,180 2,467 2,293.7 2,308.4 1,653.7 1,280 1,278 1,291.1 1,271.0 1,205.2 805.2 775.1
Total Assets 52,449 54,157 53,289 51,431 48,470 48,081 47,237 42,333 42,602 42,448 39,674 39,004 38,936 38,724 37,612 36,231 37,163 37,669 35,410 34,911 34,800 33,584 31,594 32,127 30,648 29,236 25,981 24,731 23,520 24,860 23,340 22,471 22,944 21,329 20,914 19,839 18,570 18,675 17,323 16,282 15,905 7,432 7,286 7,470 6,983.9 6,415.3 6,135.0 2,945 2,831 2,900.9 2,757.2 2,548.0 2,260.9 2,179.9
Current Liabilities
Account Payables 1,030 999 935 818 993 929 911 835 790 834 589 643 735 926 615 633 666 738 557 547 476 527 341 369 371 489 505 432 508 537 382 345 370 933 722 654 680 609 437 452 409 700 684 768 869.5 793.5 246.3 130 167 202.6 146.3 129.1 172.2 104.3
Short-Term Debt 1,748 749 0 0 0 750 750 1,086 2,086 1,337 1,337 1,336 276 274 957 735 778 792 650 649 649 649 0 0 0 0 0 0 500 500 500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 80 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 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 7,829 6,942 6,836 7,060 6,515 6,218 5,863 5,141 5,372 4,853 4,343 4,461 4,223 4,076 3,930 3,011 3,186 4,150 3,056 3,062 3,012 4,399 2,679 2,644 2,664 2,298 2,128 2,048 2,145 5,964 4,418 5,005 4,451 4,123 3,933 3,881 3,609 3,440 3,632 3,383 3,509 604 597 1,174 1,156.8 348.9 701.6 970.8 885.8 431.1 313.6 279.6 271.1 276.2
Total Current Liabilities 22,934 22,762 20,693 19,029 17,828 19,220 17,294 15,594 16,905 16,264 14,519 14,636 13,651 14,171 13,476 12,085 11,928 13,162 11,561 11,297 11,475 11,847 9,958 9,923 9,712 11,904 10,714 9,497 10,246 11,593 9,709 9,455 8,948 8,793 7,984 7,583 7,095 7,206 7,121 6,462 6,440 2,818 2,822 3,167 2,981.6 2,751.3 1,996.7 1,100.8 1,052.8 1,188.9 1,037.6 934.3 929.7 823.5
Non-Current Liabilities
Long-Term Debt 17,212 18,251 18,983 18,970 18,802 17,476 17,608 14,519 13,543 14,344 14,229 14,284 15,292 13,749 13,577 13,746 13,868 13,109 13,211 13,250 13,221 12,023 12,574 12,498 12,466 8,527 7,735 7,806 5,799 5,834 5,858 5,858 6,469 5,424 5,393 5,326 5,216 5,180 3,326 3,306 3,333 19 21 22 20.6 18.4 149.7 230 230 229.6 229.5 229.6 80.1 80.5
Deferred Tax Liabilities 331 307 326 361 315 317 349 337 345 369 385 395 389 393 346 371 386 395 374 394 391 86 86 83 82 85 97 95 61 67 50 58 64 106 139 140 83 81 82 83 76 74 74 80 73.7 69.4 69.9 58.0 68.9 64.1 71.2 68.1 67.4 0
Other Non-Current Liabilities 5,250 5,091 5,368 5,197 4,829 4,553 4,488 4,401 4,501 4,474 4,160 4,110 4,197 4,034 3,770 3,767 3,851 3,591 3,462 3,401 3,260 3,111 3,095 3,075 2,890 2,729 2,386 2,224 2,151 1,877 1,856 1,750 1,661 1,438 860 842 538 524 545 562 545 396 537 689 1,234.0 1,346.8 741.3 793 786 715.0 170.4 133.1 159.5 217.8
Total Non-Current Liabilities 22,793 23,649 24,677 24,528 23,946 22,346 22,445 19,257 18,389 19,187 18,774 18,789 19,878 18,176 17,693 17,884 18,105 17,095 17,047 17,045 16,872 15,220 15,755 15,656 15,438 11,341 10,218 10,125 8,011 7,778 7,764 7,666 8,194 6,968 6,392 6,308 5,837 5,785 3,953 3,951 3,954 489 632 791 1,328.3 1,434.7 960.9 1,023 1,016 1,008.7 1,064.2 1,009.8 307.1 298.3
Total Liabilities 45,727 46,411 45,370 43,557 41,774 41,566 39,739 34,851 35,294 35,451 33,293 33,425 33,529 32,347 31,169 29,969 30,033 30,257 28,608 28,342 28,347 27,067 25,713 25,579 25,150 23,245 20,932 19,622 18,257 19,371 17,473 17,121 17,142 15,761 14,376 13,891 12,932 12,991 11,074 10,413 10,394 3,307 3,454 3,958 4,309.9 4,186.0 2,957.6 2,124 2,069 2,197.6 2,101.8 1,944.1 1,236.8 1,121.8
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1 1
Retained Earnings 88,146 85,035 81,752 78,509 75,495 72,907 70,258 67,604 64,959 62,564 60,390 57,730 55,424 53,607 51,625 49,599 47,800 45,648 43,750 41,771 40,140 38,747 37,403 36,288 35,273 33,984 32,289 30,517 28,806 27,283 26,726 25,086 23,852 22,364 22,401 21,205 20,263 19,418 18,722 17,746 16,972 2,022 1,583 1,148 440.9 111.5 (226.4) (220) (286) (359.3) (366.5) (398.9) 26.5 78.0
Accumulated Other Comprehensive Income (928) (981) (935) (919) (1,155) (1,433) (1,073) (1,205) (1,202) (1,099) (1,297) (1,189) (1,229) (1,253) (1,617) (1,232) (798) (809) (791) (653) (738) (680) (880) (1,046) (1,079) (673) (858) (730) (673) (718) (670) (632) (373) (497) (542) (699) (863) (924) (717) (697) (620) (72) 88 194 128.8 39.5 414.7 (310) 79 89.6 49.0 29.5 28.5 11.3
Total Stockholders' Equity 6,722 7,737 7,904 7,853 6,671 6,485 7,440 7,421 7,243 6,929 6,311 5,504 5,330 6,298 6,361 6,171 7,034 7,312 6,703 6,442 6,327 6,391 5,796 6,470 5,398 5,893 4,949 5,008 5,168 5,395 5,775 5,257 5,703 5,468 6,442 5,852 5,611 5,656 6,219 5,837 5,479 4,117 3,824 3,504 2,666.3 2,221.4 3,172.7 821 762 698.7 650.8 599.0 1,023.4 1,057.6
Total Liabilities & Equity 52,449 54,157 53,289 51,431 48,470 48,081 47,237 42,333 42,602 42,448 39,674 39,004 38,936 38,724 37,612 36,231 37,163 37,669 35,410 34,911 34,800 33,584 31,594 32,127 30,648 29,236 25,981 24,731 23,520 24,860 23,340 22,471 22,944 21,329 20,914 19,839 18,570 18,675 17,323 16,282 15,905 7,432 7,286 7,470 6,983.9 6,415.3 6,135.0 2,945 2,831 2,900.9 2,757.2 2,548.0 2,260.9 2,179.4
Debt Metrics
Total Debt 18,960 19,000 18,983 18,970 18,802 18,226 18,358 15,605 15,629 15,681 15,566 15,620 15,568 14,023 14,534 14,481 14,646 13,901 13,861 13,899 13,870 12,672 12,574 12,498 12,466 8,527 7,735 7,806 6,299 6,334 6,358 5,858 6,469 5,424 5,393 5,326 5,216 5,180 3,326 3,306 3,333 19 21 22 20.6 18.4 229.7 230 230 229.6 964.6 950.6 80.1 80.5
Net Debt 11,054 8,434 8,670 9,939 11,227 9,784 7,295 8,609 8,336 7,093 8,676 9,450 9,002 7,015 6,901 8,560 7,767 6,480 7,455 7,683 6,624 2,559 2,349 1,361 2,259 1,539 2,634 2,115 442 (348) (513) (352) (421) (509) (166) 149 (790) (1,541) (1,879) (1,870) (1,561) (2,304) (2,098) (2,033) (2,027.6) (1,659.8) (1,457.7) (212) (115) (144.6) 659.6 809.4 (256.4) (189.5)
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 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3
Operating Activities
Net Income 3,882 4,060 3,927 3,701 3,280 3,342 3,263 3,258 3,011 2,791 3,198 2,845 2,361 2,525 2,499 2,275 2,631 2,379 2,414 2,066 1,828 1,785 1,513 1,420 1,693 2,100 2,108 2,048 1,862 899 1,899 1,569 1,492 227 1,430 1,177 1,081 933 1,184 983 959 66.7 66.7 66.7 59.5 59.5 (67.1) 74.4 32.3 (425.4) (51.5) 77.9
Depreciation & Amortization 299 297 290 281 275 231 225 225 216 205 211 192 191 184 185 189 192 189 188 186 163 150 141 145 144 146 137 122 117 113 111 115 120 116 118 111 92 92 93 93 95 26.3 28.7 28.4 31.4 31.5 31.0 28.2 30.6 29.8 27.6 27.6
Stock-Based Compensation 136 0 177 179 129 108 155 155 108 86 131 135 108 22 98 101 74 32 89 87 65 52 75 75 52 43 77 73 57 43 55 55 43 39 49 49 39 35 25 31 10 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (1,445) (230) 742 (137) (1,884) 883 1,060 (880) (2,103) (173) 43 (373) (3) 26 850 (474) (1,306) 342 (263) (114) (881) 98 (472) (289) (487) 565 (280) (870) (1,113) (58) 91 (484) (862) 793 (61) (268) (750) (333) (122) (237) (175) 4 131 84.6 64 79.0 60.7 39.1 138.0 453.8 148.6 (68.6)
Other Non-Cash Items (66) 828 531 535 543 536 601 476 437 1,218 (87) (254) (609) 405 347 512 511 267 149 91 255 102 419 104 431 147 364 136 351 370 313 295 288 444 252 256 275 284 237 179 189 97.1 3.9 (200.4) (14.4) (167.1) 1.4 4.2 0.1 0.1 6.8 6.3
Operating Cash Flow 2,999 4,935 5,663 4,603 2,380 4,834 5,136 3,138 1,672 4,130 3,233 2,698 1,919 3,100 3,856 2,457 1,782 3,189 2,543 2,268 1,463 2,253 1,654 1,458 1,859 2,980 2,355 1,536 1,312 1,332 2,367 1,489 1,035 1,761 1,755 1,294 745 992 1,425 1,059 1,008 151.1 211.5 (14.2) 132 12.9 0.1 143.1 196.2 (148.9) 131.3 43.3
Investing Activities
Capital Expenditure (154) (112) (178) (40) (159) (95) (270) (296) (378) (77) (104) (80) (110) (339) (277) (187) (294) (228) (249) (193) (144) (151) (165) (183) (209) (185) (219) (182) (142) (123) (130) (125) (126) (122) (133) (74) (94) (102) (99) (106) (75) (8.7) (12.8) (6.1) (5.0) (0.7) (34.7) (21.1) (35.1) (52.6) (36.4) (26.3)
Acquisitions 0 0 0 0 0 0 0 0 0 12 286 (16) (25) (4) 0 (313) 0 (239) 3 (836) (3,364) (806) 86 (198) (135) (346) (447) (814) (59) (48) (11) (35) (44) (1,175) (224) (975) (30) (43) (44) (42) (38) 0 0 0 (11.0) (18.9) (17.4) (12.6) (20.6) (16.5) (14.5) (36.5)
Purchases of Investments (68) (455) (144) (142) (127) (118) (222) (157) (161) (104) (391) (143) (98) (166) (122) (187) (119) (234) (156) (286) (235) (162) (160) (56) (429) (142) (211) (492) (404) (515) (417) (737) (231) (422) (627) (375) (582) (344) (780) (194) (506) (906.6) (682.3) (583.7) (51.7) (48.0) (66.6) (72.7) (58.1) (51.7) (63.9) (38.5)
Sales/Maturities of Investments 81 298 124 126 125 0 235 153 373 92 105 159 123 152 92 172 121 218 273 191 174 62 120 132 308 215 251 621 770 368 315 493 736 428 582 254 560 421 252 195 204 2,102.5 (653.5) 653.5 0 43.8 56.9 59.9 57.3 58.5 42.3 42.1
Other Investing Activities (40) 26 (176) (171) (179) (2,465) (162) (175) (229) (137) (418) (138) (287) 7 (1) (10) 5 45 (3) (18) 9 3 (80) 186 (42) (2) (87) 100 48 49 12 31 32 1,168 24 162 (100) 26 41 37 30 (1,326.9) 1,309.5 (11.6) (43.3) 58.3 16.4 12.4 21.5 15.2 6.6 1.7
Investing Cash Flow (362) (421) (374) (227) (340) (2,678) (256) (294) (174) (214) (522) (218) (397) (350) (308) (525) (287) (438) (132) (1,142) (3,560) (1,054) (199) (119) (507) (460) (626) (767) 213 (269) (231) (373) 367 (123) (402) (1,008) (246) (42) (630) (110) (385) (139.7) (39.1) 52.1 (110.9) 34.5 (45.4) (34.1) (35.0) (47.2) (65.9) (57.5)
Financing Activities
Net Debt Issuance 0 0 0 0 492 0 2,641 (17) 0 0 4 61 1,489 (4) 284 0 843 742 0 0 1,282 0 0 0 3,959 744 0 1,480 0 0 0 0 991 0 0 (64) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) (25.2)
Stock Repurchased (4,035) (3,558) 4,838 (2,289) (2,549) (3,470) (2,934) (2,639) (1,992) (1,832) (1,906) (2,416) (2,878) (2,414) (1,551) (2,380) (2,408) (1,276) (1,561) (1,711) (1,356) (1,030) (2,060) (10) (1,383) (994) (1,762) (1,917) (1,824) (888) (1,164) (1,529) (1,352) (1,031) (838) (931) (962) (1,101) (591) (462) (1,357) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (777) (684) (687) (691) (694) (606) (611) (615) (616) (534) (538) (541) (545) (473) (474) (477) (479) (434) (434) (434) (439) (399) (402) (401) (403) (333) (335) (337) (340) (259) (260) (262) (263) (233) (235) (236) (238) (207) (209) (209) (212) 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (204) (8) (8,151) (26) (236) 38 47 14 (73) 24 36 117 55 (736) 3 36 22 (649) (137) (46) 28 45 (2) 0 58 1 (28) (163) (113) 2 7 36 36 (5) 31 16 (56) 1,983 25 20 74 70.8 109.4 32.2 0.1 0 0 0 0 0 0 0
Financing Cash Flow (5,005) (4,186) (4,000) (3,006) (2,987) (4,041) (857) (3,257) (2,681) (2,350) (2,404) (2,779) (1,955) (3,614) (1,739) (2,821) (2,154) (1,617) (2,137) (2,195) (606) (1,375) (2,468) (409) 2,100 (582) (2,125) (937) (2,223) (1,133) (1,417) (1,751) (665) (1,270) (1,042) (1,215) (1,237) 675 (774) (649) (1,545) (70.8) 54.7 16.1 0.1 0 0 0 0 0 (0.2) (25.2)
Cash Position
Net Change in Cash (2,484) 336 1,273 1,590 (826) (2,159) 4,165 (385) (1,278) 1,723 221 (279) (396) (580) 1,624 (1,063) (687) 1,061 218 (992) (2,804) 15 (898) 969 3,364 1,997 (473) (140) (752) (141) 710 (656) 832 374 382 (829) (715) 1,516 29 282 (853) 10.9 160.1 31 21.9 44.9 (40.5) 109.6 163.8 (195.3) 66.5 (39.5)
Cash at Beginning 13,248 10,791 11,572 9,982 10,808 12,967 8,802 9,187 10,465 8,742 8,521 8,800 9,196 9,776 8,152 9,215 9,902 8,841 8,623 9,615 12,419 12,404 13,302 12,333 8,969 6,972 7,445 7,585 8,337 8,478 7,768 8,424 7,592 5,559 5,177 6,006 6,721 5,205 5,176 4,894 5,747 520 360 329 345 248 414.6 305.0 141.2 336.5 269.9 309.4
Cash at End 10,764 11,127 12,845 11,572 9,982 10,808 12,967 8,802 9,187 10,465 8,742 8,521 8,800 9,196 9,776 8,152 9,215 9,902 8,841 8,623 9,615 12,419 12,404 13,302 12,333 8,969 6,972 7,445 7,585 8,337 8,478 7,768 8,424 5,933 5,559 5,177 6,006 6,721 5,205 5,176 4,894 530.9 520.1 360 366.9 292.9 374.2 414.6 305.0 141.2 336.5 269.9
Free Cash Flow 2,845 4,823 5,485 4,563 2,221 4,739 4,866 2,842 1,294 4,053 3,129 2,618 1,809 2,761 3,579 2,270 1,488 2,961 2,294 2,075 1,319 2,102 1,489 1,275 1,650 2,795 2,136 1,354 1,170 1,209 2,237 1,364 909 1,639 1,622 1,220 651 890 1,326 953 933 142.4 198.7 (20.3) 127.0 12.2 (34.6) 122.0 161.1 (201.5) 94.9 16.9
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 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2
Income Statement
Revenue 8,398 8,806 8,602 8,133 7,250 7,489 7,369 6,961 6,348 6,548 6,533 6,269 5,748 5,817 5,756 5,497 5,167 5,216 4,985 4,528 4,155 4,120 3,837 3,335 4,009 4,414 4,467 4,113 3,889 3,807 3,898 3,665 3,580 3,312 3,398 3,053 2,734 2,756 2,880 2,694 2,446 2,517 2,530 2,390 2,230 2,416 2,490 2,368 2,172 2,126 2,218 2,096 1,906 1,895 1,918 1,820 1,758 1,728 1,818 1,667 1,501 1,438 1,428 1,365 1,308 1,298.4 1,364 1,280 1,156 1,224.8 1,338.2 1,246.5 1,182.1 1,072.7 1,082.8 997.0 915.1 839.2 902.0 846.5 738.5 734.4 734.4 734.4 734.4 648.3 648.3 648.3 648.3 567.6 556.9 509.2 448.8
Gross Profit 6,361 8,806 6,709 6,281 5,562 5,836 5,470 5,354 4,834 5,020 4,960 4,774 4,322 4,436 4,374 4,178 3,986 4,127 3,819 3,398 3,051 3,150 2,897 2,420 3,047 3,478 3,530 3,260 3,078 2,964 3,076 2,868 2,828 2,586 2,675 2,409 2,140 2,177 2,305 2,143 1,926 1,952 1,946 1,902 1,762 1,798 1,979 1,883 1,722 1,674 1,766 2,096 1,906 330 1,516 1,820 1,758 1,728 1,818 1,667 1,501 1,438 1,428 1,365 1,308 1,298.4 1,364.3 1,279.9 1,156 1,224.8 1,338.2 1,246.5 1,182.1 1,072.7 1,082.8 997.0 915.1 839.2 902.0 846.5 738.5 734.4 734.4 734.4 734.4 648.3 648.3 648.3 648.3 567.6 556.9 509.2 448.8
Operating Income 4,907 5,414 5,061 4,777 4,149 3,938 4,004 4,036 3,604 3,372 3,844 3,656 3,136 3,184 3,112 3,018 2,950 2,827 2,717 2,341 2,197 2,058 2,105 1,707 2,211 2,399 2,655 2,397 2,213 1,234 2,287 1,936 1,825 1,522 1,941 1,653 1,506 1,363 1,670 1,380 1,348 1,107 1,369 1,251 1,351 1,018 1,420 1,383 1,285 920 1,248 1,228 1,107 899 1,064 974 1,000 (10) 1,002 885 836 569 766 717 700 468.1 673 557 561 462.4 (279.3) (1,233.2) 515.6 172.1 353.3 268.8 313.9 46.0 274.8 (274.0) 182.7 (1,810.0) 734.4 734.4 734.4 (1,598.3) 648.3 648.3 648.3 (102.9) 49.9 (115.6) 52.7
Net Income 3,882 4,060 3,927 3,701 3,280 3,342 3,263 3,258 3,011 2,791 3,198 2,845 2,361 2,525 2,499 2,275 2,631 2,379 2,414 2,066 1,828 1,785 1,513 1,420 1,693 2,100 2,108 2,048 1,862 899 1,899 1,569 1,492 227 1,430 1,177 1,081 933 1,184 983 959 890 977 921 1,020 801 1,015 931 870 623 879 848 766 605 772 700 682 19 717 608 562 415 518 458 455 294.0 452 349 367 239.4 (193.6) (746.7) 446.9 304.2 314.5 252.3 214.9 40.9 193.0 (310.5) 126.7 66.7 66.7 66.7 66.7 59.5 59.5 59.5 59.5 (67.1) 32.3 (51.5) 36.4
EPS (Diluted) 4.35 4.52 4.34 4.07 3.59 3.64 3.53 3.50 3.22 2.97 3.39 3.00 2.47 2.62 2.58 2.34 2.68 2.41 2.44 2.08 1.83 1.78 1.51 1.41 1.68 2.07 2.07 2.00 1.80 0.87 1.82 1.50 1.41 0.21 1.34 1.10 1.00 0.86 1.08 0.89 0.86 0.79 0.86 0.81 0.89 0.69 0.87 0.80 0.73 0.05 0.73 0.70 0.62 0.49 0.62 0.56 0.54 0.01 0.56 0.48 0.43 0.32 0.39 0.35 0.35 0.23 0.35 0.27 0.28 0.18 -0.15 -0.57 0.34 0.23 0.23 0.19 0.16 0.03 0.14 -0.23 0.09 0.07 0.11 0.12 0.09 0.06 0.06 0.07 0.07 -0.08 0.03 -0.05 0.05
Balance Sheet
Cash & Equivalents 7,906 10,566 10,313 9,031 7,575 8,442 11,063 6,996 7,293 8,588 6,890 6,170 6,566 7,008 7,633 5,921 6,879 7,421 6,406 6,216 7,246 10,113 10,225 11,137 10,207 6,988 5,101 5,691 5,857 6,682 6,871 6,210 6,890 5,933 5,559 5,177 6,006 6,721 5,205 5,176 4,894 2,323 2,119 2,055 2,048.2 1,678.2 1,687.4 442 345 374.2 305.0 141.2 336.5 269.9
Total Assets 52,449 54,157 53,289 51,431 48,470 48,081 47,237 42,333 42,602 42,448 39,674 39,004 38,936 38,724 37,612 36,231 37,163 37,669 35,410 34,911 34,800 33,584 31,594 32,127 30,648 29,236 25,981 24,731 23,520 24,860 23,340 22,471 22,944 21,329 20,914 19,839 18,570 18,675 17,323 16,282 15,905 7,432 7,286 7,470 6,983.9 6,415.3 6,135.0 2,945 2,831 2,900.9 2,757.2 2,548.0 2,260.9 2,179.9
Total Debt 18,960 19,000 18,983 18,970 18,802 18,226 18,358 15,605 15,629 15,681 15,566 15,620 15,568 14,023 14,534 14,481 14,646 13,901 13,861 13,899 13,870 12,672 12,574 12,498 12,466 8,527 7,735 7,806 6,299 6,334 6,358 5,858 6,469 5,424 5,393 5,326 5,216 5,180 3,326 3,306 3,333 19 21 22 20.6 18.4 229.7 230 230 229.6 964.6 950.6 80.1 80.5
Stockholders' Equity 6,722 7,737 7,904 7,853 6,671 6,485 7,440 7,421 7,243 6,929 6,311 5,504 5,330 6,298 6,361 6,171 7,034 7,312 6,703 6,442 6,327 6,391 5,796 6,470 5,398 5,893 4,949 5,008 5,168 5,395 5,775 5,257 5,703 5,468 6,442 5,852 5,611 5,656 6,219 5,837 5,479 4,117 3,824 3,504 2,666.3 2,221.4 3,172.7 821 762 698.7 650.8 599.0 1,023.4 1,057.6
Cash Flow
Operating Cash Flow 2,999 4,935 5,663 4,603 2,380 4,834 5,136 3,138 1,672 4,130 3,233 2,698 1,919 3,100 3,856 2,457 1,782 3,189 2,543 2,268 1,463 2,253 1,654 1,458 1,859 2,980 2,355 1,536 1,312 1,332 2,367 1,489 1,035 1,761 1,755 1,294 745 992 1,425 1,059 1,008 151.1 211.5 (14.2) 132 12.9 0.1 143.1 196.2 (148.9) 131.3 43.3
Capital Expenditure (154) (112) (178) (40) (159) (95) (270) (296) (378) (77) (104) (80) (110) (339) (277) (187) (294) (228) (249) (193) (144) (151) (165) (183) (209) (185) (219) (182) (142) (123) (130) (125) (126) (122) (133) (74) (94) (102) (99) (106) (75) (8.7) (12.8) (6.1) (5.0) (0.7) (34.7) (21.1) (35.1) (52.6) (36.4) (26.3)
Free Cash Flow 2,845 4,823 5,485 4,563 2,221 4,739 4,866 2,842 1,294 4,053 3,129 2,618 1,809 2,761 3,579 2,270 1,488 2,961 2,294 2,075 1,319 2,102 1,489 1,275 1,650 2,795 2,136 1,354 1,170 1,209 2,237 1,364 909 1,639 1,622 1,220 651 890 1,326 953 933 142.4 198.7 (20.3) 127.0 12.2 (34.6) 122.0 161.1 (201.5) 94.9 16.9