Marriott International, Inc. logo MAR - Marriott International, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 23
HOLD 28
SELL 1
STRONG
SELL 0
| PRICE TARGET: $393.50 DETAILS
HIGH: $449.00
LOW: $350.00
MEDIAN: $392.00
CONSENSUS: $393.50
UPSIDE: 5.09%
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 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
Revenue
Revenue 6,654 6,690 6,489 6,744 6,263 6,429 6,255 6,439 5,977 6,095 5,928 6,075 5,615 5,923 5,313 5,338 4,199 4,446 3,946 3,149 2,316 2,172 2,254 1,464 4,681 5,371 5,284 5,305 5,012 5,357 5,051 5,409 5,009 5,875 5,078 5,211 4,912 5,456 3,942 3,902 3,772 3,706 3,578 3,689 3,513 3,559 3,460 3,484 3,293 3,219 3,160 3,263 3,142 3,757 2,729 2,776 2,552 3,693 2,874 2,972 2,778 3,642 2,648 2,771 2,630 3,380 2,471 2,562 2,495 3,784 2,963 3,185 2,947 3,836 2,943 3,210 2,836 3,861 2,703 2,891 2,705 3,641 2,714 2,661 2,534 3,141 2,304 2,402 2,252 2,861 2,109 2,016 2,023 1,037 1,924 2,034 1,808 2,868 2,373 2,450 2,461 3,156 2,303 2,391 2,167 2,807 1,995 2,042 1,895 974 1,804 1,927 1,715
Cost of Revenue 5,313 5,584 5,065 4,932 5,018 5,290 4,981 4,941 4,787 4,988 4,531 4,653 4,417 4,644 4,087 4,108 3,376 3,544 3,121 2,423 1,968 1,784 1,817 1,362 4,149 4,704 4,396 4,438 4,217 4,406 4,170 4,298 4,144 4,915 4,001 4,141 4,052 4,574 3,346 3,315 3,211 3,176 3,059 3,136 2,992 3,056 2,957 2,962 2,855 2,781 2,734 2,791 2,727 3,242 2,384 2,373 2,230 3,192 2,838 2,581 2,428 3,169 2,332 2,403 2,312 2,943 2,824 2,283 2,237 3,385 2,593 2,688 2,590 3,082 2,569 2,703 2,452 3,319 2,325 2,476 2,352 3,224 2,430 2,336 2,252 3,069 2,079 2,157 1,969 2,319 1,806 1,841 1,853 874 1,796 1,885 1,661 2,815 2,195 2,211 2,235 2,829 2,040 2,098 1,933 2,515 1,773 1,790 1,669 704 1,609 1,709 1,522
Gross Profit 1,341 1,106 1,424 1,812 1,245 1,139 1,274 1,498 1,190 1,107 1,397 1,422 1,198 1,279 1,226 1,230 823 902 825 726 348 388 437 102 532 667 888 867 795 951 881 1,111 865 960 1,077 1,070 860 882 596 587 561 530 519 553 521 503 503 522 438 438 426 472 415 515 345 403 322 501 36 391 350 473 316 368 318 437 (353) 279 258 399 370 497 357 754 374 507 384 542 378 415 353 417 284 325 282 72 225 245 283 542 303 175 170 163 128 149 147 53 178 239 226 327 263 293 234 292 222 252 226 270 195 218 193
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 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 219 241 234 245 245 289 276 248 261 330 239 240 202 236 216 231 208 213 212 187 211 183 131 178 270 267 220 229 222 242 221 217 247 259 205 234 212 234 161 154 155 188 149 152 145 180 172 159 148 200 147 160 164 206 132 160 147 254 180 159 159 351 149 142 138 258 144 147 216 290 167 184 162 267 164 207 147 234 149 141 150 196 149 284 124 (37) 126 127 132 434 213 107 112 61 25 23 29 115 13 29 30 40 29 25 26 77 30 28 29 36 25 24 25
Other Expenses 58 88 10 336 52 98 54 55 53 59 59 86 45 47 52 49 57 54 68 53 53 333 54 78 148 126 61 229 63 153 64 76 88 131 82 92 102 207 264 44 39 32 31 32 44 32 33 47 36 0 34 33 25 0 0 0 0 0 0 0 0 0 0 0 0 7 9 33 2 35 0 0 0 (17) 27 0 0 3 0 0 (27) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 124 0 0 0 61 47 46 41 59 34 36 33 47 31 32 30
Operating Expenses 277 329 244 581 297 387 330 303 314 389 298 326 247 283 268 280 265 267 280 240 264 516 185 256 418 393 281 458 285 395 285 293 335 390 287 326 314 441 425 198 194 220 180 184 189 212 205 206 184 200 181 193 189 206 132 160 147 254 180 159 159 351 149 142 138 265 153 180 218 325 167 184 162 250 191 207 147 237 149 141 123 196 149 284 124 (37) 126 127 132 434 213 107 112 61 25 23 29 239 13 29 30 101 76 71 67 136 64 64 62 83 56 56 55
Operating Income
Operating Income 1,064 777 1,180 1,236 948 752 944 1,195 876 718 1,099 1,096 951 996 958 950 558 635 545 486 84 (128) 252 (154) 114 274 607 409 510 556 596 818 530 570 790 744 546 441 171 389 367 310 339 369 332 291 298 316 254 238 245 279 226 309 213 243 175 247 (144) 232 191 122 167 226 180 172 (506) 99 40 74 203 313 195 504 183 300 237 305 229 274 230 221 135 41 158 109 99 118 151 108 90 68 58 102 103 126 118 (186) 165 210 196 226 187 222 167 156 158 188 164 187 139 162 138
Interest Expense 214 208 206 203 192 180 179 173 163 153 146 141 126 115 100 95 93 97 107 109 107 112 113 127 93 95 100 102 97 94 86 85 75 72 73 73 70 75 55 57 47 46 43 42 36 26 29 30 30 32 28 29 31 41 29 34 33 47 39 37 41 50 41 44 45 34 27 28 29 0 33 38 42 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 10 9 12 12 9 10 11 9 10 9 7 0 15 8 7 6 5 6 8 7 7 7 6 8 6 6 8 6 6 6 5 6 5 14 9 8 7 13 9 7 6 10 5 6 8 13 8 4 5 10 5 5 3 7 3 3 4 5 2 3 4 8 4 3 4 5 5 9 6 0 8 9 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1,234 967 1,250 1,310 1,092 1,057 1,036 1,260 1,006 807 1,204 1,175 1,035 1,076 1,041 1,041 641 718 470 558 149 (93) 341 (78) 287 617 695 487 597 649 745 1,029 680 1,323 876 872 626 529 222 431 404 362 383 429 387 340 352 362 297 256 285 325 257 357 284 281 209 301 (120) 279 228 217 209 270 213 269 (609) 149 76 189 263 374 279 567 226 346 282 367 273 316 (1,879) 279 188 77 195 160 138 155 190 163 127 102 92 161 145 173 157 13 216 260 242 287 234 268 208 215 192 224 197 234 170 194 168
EBIT 1,072 790 1,200 1,257 956 778 965 1,213 890 734 1,135 1,105 970 1,006 969 973 569 645 385 490 80 (202) 240 (171) 112 421 627 416 529 573 680 959 607 1,251 811 789 564 458 186 401 373 330 352 397 343 308 319 315 261 242 251 292 232 312 251 243 180 249 (160) 238 193 160 169 228 174 208 (652) 107 37 129 220 328 238 504 183 300 237 305 229 274 (1,919) 221 135 41 158 109 99 118 151 108 90 68 58 102 103 126 118 (62) 165 210 196 226 187 222 167 156 158 188 164 187 139 162 138
Income Before Tax 858 582 994 1,054 764 598 786 1,040 727 581 989 964 844 891 869 878 476 548 278 381 (27) (314) 127 (298) 19 326 527 314 432 479 594 874 532 1,179 738 716 494 383 131 344 326 284 309 355 307 282 290 285 231 210 223 263 201 271 222 209 147 202 (199) 201 152 110 128 184 129 174 (679) 79 8 21 187 290 196 510 214 249 250 283 223 271 220 300 163 114 140 199 144 179 132 225 106 110 47 122 112 133 118 (185) 162 203 190 234 174 200 149 141 153 183 160 183 140 164 145
Income Tax Expense 210 137 266 291 99 143 202 268 163 (267) 237 238 87 218 239 200 99 80 58 (41) (16) (150) 27 (64) (12) 47 140 82 57 63 91 207 112 978 253 227 123 139 61 97 107 82 99 115 100 85 98 93 59 59 63 84 65 90 79 66 43 61 (20) 66 51 (63) 45 65 46 68 (210) 44 33 33 103 139 75 333 93 42 86 63 82 85 56 76 33 (20) (5) 21 28 33 18 29 (16) (16) (40) (3) (2) 6 36 (69) 61 73 69 85 64 74 55 51 57 69 60 69 54 63 56
Net Income 648 445 728 763 665 455 584 772 564 848 752 726 757 673 630 678 377 468 220 422 (11) (164) 100 (234) 31 279 387 232 375 416 503 667 420 201 485 489 371 244 70 247 219 202 210 240 207 197 192 192 172 151 160 179 136 181 143 143 104 141 (179) 135 101 173 83 119 83 106 (466) 37 (23) (10) 94 157 121 176 131 207 182 216 141 186 61 237 149 138 145 189 133 160 114 169 92 125 116 (37) 103 129 82 (116) 101 130 121 149 110 126 94 90 96 114 100 114 86 101 89
Per Share Data
EPS (Basic) 2.41 1.66 2.68 2.78 2.40 1.63 2.07 2.70 1.94 2.88 2.52 2.39 2.45 2.13 1.94 2.06 1.15 1.43 0.67 1.29 -0.03 -0.50 0.31 -0.72 0.10 0.85 1.17 0.70 1.10 0.93 1.45 1.89 1.17 0.31 1.30 1.29 0.96 0.63 0.26 0.97 0.86 0.79 0.80 0.88 0.75 0.70 0.66 0.66 0.58 0.50 0.53 0.58 0.44 0.58 0.45 0.44 0.31 0.41 -0.52 0.38 0.27 0.48 0.23 0.33 0.23 -0.15 -1.31 0.10 -0.06 -0.03 0.27 0.44 0.34 0.46 0.35 0.53 0.46 0.52 0.35 0.45 0.66 0.53 0.34 0.31 0.32 0.39 0.29 0.35 0.25 0.34 0.19 0.27 0.25 -0.08 0.21 0.26 0.16 -0.24 0.20 0.26 0.25 0.29 0.23 0.26 0.19 0.17 0.19 0.23 0.20 0.21 0.17 0.20 0.17
EPS (Diluted) 2.41 1.65 2.67 2.78 2.39 1.62 2.07 2.69 1.93 2.87 2.51 2.38 2.43 2.12 1.93 2.06 1.14 1.42 0.67 1.28 -0.03 -0.50 0.31 -0.72 0.09 0.85 1.16 0.69 1.09 0.92 1.43 1.87 1.16 0.31 1.29 1.28 0.95 0.62 0.26 0.96 0.85 0.77 0.78 0.87 0.73 0.68 0.65 0.64 0.57 0.49 0.52 0.57 0.43 0.56 0.44 0.42 0.30 0.41 -0.52 0.37 0.26 0.46 0.22 0.31 0.22 -0.15 -1.31 0.10 -0.06 -0.03 0.25 0.42 0.33 0.46 0.33 0.50 0.44 0.52 0.33 0.43 0.63 0.53 0.32 0.29 0.30 0.39 0.28 0.33 0.23 0.34 0.18 0.25 0.24 -0.07 0.20 0.25 0.16 -0.24 0.19 0.25 0.23 0.29 0.21 0.25 0.18 0.17 0.18 0.21 0.19 0.21 0.16 0.18 0.16
Shares Outstanding 268.5 268.5 271.6 274.5 277.7 278.9 281.5 285.8 290.4 294.3 298.6 303.6 309.6 316.5 324.5 328.2 328.3 327.6 327.3 327.1 326.7 326.2 325.9 325 325.4 327.7 329.9 333.8 339.6 341.9 346.7 353.4 358.4 365.1 372.3 378.5 384.9 387.9 266.2 254.3 254.4 256.9 262.2 272.4 277.7 282.4 288.9 292.5 296.1 299.4 301.9 306.7 311.8 312.7 319.4 327.9 333.7 330.9 345.4 356.9 367.1 365.6 363.1 362.1 359.4 358.5 356.7 356.2 354.4 352.0 355.0 358.7 358.2 384.2 377.9 387.5 392.6 424.5 407.3 417.9 416.3 445.6 443.0 450.0 456.2 484.4 455.8 455.6 464.5 497 477.0 468.0 473.2 486.2 487.1 490.9 516.8 483.2 498.1 495.9 517.1 513 483.5 480.7 517.1 501.4 497.7 501.1 493.1 531.8 511.4 510.5 514.1
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 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 454 358 678 671 523 396 394 349 429 338 717 563 554 507 1,045 546 1,042 1,393 772 664 628 877 1,577 2,283 1,760 225 276 284 258 316 373 366 701 383 508 498 738 858 1,078 679 99 96 95 140 120 104 150 192 184 126 144 108 221 88 105 105 290 102 220 117 144 505 223 100 118 115 130 125 168 134 117 125 314 332 208 151 124 193 136 364 172 203 161 471 377 770 202 164 203 229 113 144 525 198 311 200 190 817 874 674 370 334 378 410 372 489 324 240 335 390 335 318 478
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 3,090 2,909 3,101 2,983 2,899 2,795 2,920 2,847 2,747 2,712 2,703 2,565 2,462 2,571 2,378 2,282 2,112 1,982 2,042 1,933 1,857 1,768 1,791 1,621 2,068 2,395 2,394 2,328 2,218 2,133 2,175 2,174 2,098 1,973 1,914 1,804 1,752 1,695 1,705 1,152 1,143 1,103 1,144 1,188 1,172 1,100 1,030 1,057 1,035 1,081 972 1,006 1,080 1,028 841 939 863 875 1,011 1,006 944 938 931 956 946 838 908 863 832 898 1,091 1,120 1,118 1,148 1,239 1,254 1,198 1,060 1,124 1,049 1,055 1,001 914 993 974 797 863 1,058 773 699 765 645 614 524 620 653 645 611 660 760 719 728 668 750 805 740 681 649 632 605 807 793 851
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 756 939 102 157 155 454 522 420 608 261 260 294 669 506 266 11 22 11 12 12 11 1,029 1,365 1,459 1,489 1,455 1,467 1,503 1,444 1,465 2,001 1,994 1,981 1,892 1,824 1,718 1,557 1,499 1,291 1,172 1,208 1,184 1,124 1,138 1,164 184 159 162 162 248 216 216 223 254 274 295 300 86 94 99 96 101 104 110 97 104 110 117 93 0 0 0 75 0 0 0
Other Current Assets 0 317 0 0 324 294 259 304 274 261 262 316 248 235 0 0 0 0 0 0 0 0 8 8 8 255 0 0 0 8 13 13 121 149 297 285 400 588 836 57 103 108 426 510 472 342 318 230 287 629 473 230 258 280 156 251 237 282 333 357 348 369 378 335 338 386 382 313 443 393 507 543 555 535 768 1,077 905 882 792 828 1,096 1,022 710 235 220 217 127 147 127 84 126 380 291 722 477 638 576 383 313 297 272 256 317 283 270 278 382 350 339 263 371 389 342
Total Current Assets 3,914 3,584 4,111 3,654 3,746 3,485 3,573 3,500 3,450 3,311 3,682 3,444 3,264 3,313 3,684 3,106 3,418 3,626 2,990 2,799 2,672 2,825 3,540 4,113 4,049 3,127 2,900 2,869 2,735 2,706 2,803 2,817 3,152 2,747 2,944 2,830 3,121 3,371 3,787 1,959 1,424 1,384 1,723 1,906 1,828 1,921 1,552 1,537 1,565 1,903 1,646 1,404 1,626 1,475 1,158 1,355 1,464 1,324 2,678 2,938 2,999 3,382 3,061 2,951 3,015 2,851 2,963 3,398 3,437 3,368 3,607 3,612 3,705 3,572 3,714 3,773 3,399 3,314 3,236 3,365 3,461 2,010 1,969 1,858 1,733 1,946 1,440 1,585 1,319 1,235 1,258 1,443 1,725 1,744 1,494 1,585 1,510 2,130 1,948 1,835 1,471 1,415 1,467 1,553 1,564 1,600 1,387 1,239 1,306 1,333 1,513 1,500 1,671
Non-Current Assets
Property, Plant & Equipment 1,962 2,895 2,864 2,824 2,699 2,678 2,503 2,433 2,467 2,510 2,509 2,525 2,579 2,572 2,456 2,534 2,555 2,565 2,138 2,172 2,194 2,266 2,547 2,577 2,636 2,792 2,915 2,922 2,940 1,956 1,967 1,958 1,791 1,793 1,894 2,102 2,109 2,335 2,411 1,056 1,042 1,029 985 987 1,446 1,460 1,736 1,647 1,569 1,543 1,489 1,634 1,574 1,539 1,421 1,383 1,367 1,168 1,480 1,483 1,412 1,307 1,327 1,335 1,339 1,362 1,371 1,455 1,449 1,443 1,394 1,372 1,338 1,329 1,319 1,085 1,272 1,238 1,031 1,085 1,114 2,341 2,504 2,497 2,352 2,389 2,454 2,512 2,525 2,513 2,528 2,535 2,626 2,589 2,908 2,923 2,962 2,930 3,110 3,163 3,131 3,241 3,088 3,001 3,098 2,845 2,697 2,471 2,337 2,275 2,021 1,812 1,561
Goodwill 8,873 8,907 8,886 8,896 8,775 8,731 8,890 8,783 8,815 8,886 8,795 8,850 8,904 8,872 8,765 8,920 9,069 9,073 9,084 9,142 9,107 9,175 9,035 8,962 8,901 9,048 8,990 9,067 9,053 9,039 9,067 9,103 9,270 9,207 9,182 8,582 7,802 7,598 7,175 947 946 943 970 962 894 894 894 894 874 874 874 874 874 874 874 874 875 875 875 875 875 875 875 875 875 875 875 875 875 875 921 921 921 921 921 921 921 921 924 924 0 924 0 0 0 0 0 0 0 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 10,365 10,336 10,203 9,796 9,620 9,488 9,497 9,263 9,252 9,190 8,993 8,995 8,832 8,747 8,607 8,746 8,891 8,926 8,904 8,984 8,936 8,989 8,554 8,512 8,486 8,641 8,550 8,614 8,602 8,380 8,403 8,440 8,594 8,805 8,758 8,769 9,323 9,270 10,048 1,473 1,468 1,451 1,450 1,452 1,395 1,351 1,342 1,334 1,126 1,131 1,115 1,117 1,119 1,115 898 846 852 846 841 844 802 768 748 735 743 731 734 716 712 710 721 712 648 635 623 594 579 575 550 542 1,455 466 1,370 1,364 1,441 1,436 1,478 1,459 1,455 1,449 1,443 1,434 1,423 1,418 1,573 1,568 1,569 1,764 1,801 1,812 1,834 1,833 1,816 1,815 1,799 1,820 1,846 1,843 1,818 1,712 1,722 1,737 1,730
Long-Term Investments 304 298 298 298 300 298 307 304 302 308 311 311 334 335 332 363 361 387 390 407 410 422 517 534 562 577 580 580 584 732 689 638 754 734 720 762 745 728 830 179 169 165 174 216 217 224 234 229 222 222 228 228 230 216 217 223 268 265 271 278 313 250 245 245 243 249 257 326 311 346 329 326 324 0 306 378 383 70 74 62 183 233 237 236 239 0 258 253 446 468 479 488 486 493 1,136 1,109 1,062 314 828 796 793 747 372 336 284 0 262 270 278 228 244 264 327
Other Non-Current Assets 1,890 950 900 1,263 884 852 810 813 797 796 737 722 710 736 691 718 716 748 768 792 792 775 753 798 760 712 708 670 661 712 733 717 751 563 628 717 706 722 659 450 452 438 401 401 554 485 492 572 682 474 457 455 427 447 446 480 496 559 1,315 1,463 1,440 1,469 1,483 1,432 1,487 845 1,055 1,132 1,094 1,434 1,516 1,433 1,518 1,807 1,445 1,342 1,423 1,805 1,891 1,756 1,916 2,002 2,013 1,995 2,243 2,500 2,897 2,740 2,973 2,980 2,843 2,592 2,571 2,545 2,519 2,456 2,512 2,283 2,161 1,980 1,842 1,748 1,275 1,189 1,089 1,059 1,060 1,006 991 913 899 940 1,054
Total Non-Current Assets 23,943 23,956 23,722 23,688 22,905 22,697 22,636 22,240 22,306 22,363 21,585 21,643 21,599 21,502 21,079 21,509 21,820 21,927 21,516 21,705 21,697 21,876 21,608 21,567 21,500 21,924 21,912 22,024 22,011 20,990 21,030 21,027 21,332 21,201 21,292 21,051 20,804 20,769 21,215 4,691 4,697 4,698 4,430 4,415 4,975 4,944 5,295 5,293 5,100 4,891 4,834 4,973 4,897 4,867 4,707 4,652 4,707 4,586 5,787 5,853 5,761 5,601 5,728 5,696 5,778 5,082 5,304 5,345 5,267 5,535 5,497 5,400 5,403 5,370 5,396 5,146 5,344 5,274 5,078 5,008 5,219 6,520 6,646 6,606 6,696 6,722 6,829 6,711 6,953 6,942 6,814 6,561 6,620 6,552 7,000 6,947 7,043 6,977 7,072 6,955 6,807 6,822 6,179 6,005 5,986 5,724 5,603 5,320 5,146 4,900 4,642 4,489 4,345
Total Assets 27,857 27,540 27,833 27,342 26,651 26,182 26,209 25,740 25,756 25,674 25,267 25,087 24,863 24,815 24,763 24,615 25,238 25,553 24,506 24,504 24,369 24,701 25,148 25,680 25,549 25,051 24,812 24,893 24,746 23,696 23,833 23,844 24,484 23,948 24,236 23,881 23,925 24,140 25,002 6,650 6,121 6,082 6,153 6,321 6,803 6,865 6,847 6,830 6,665 6,794 6,480 6,377 6,523 6,342 5,865 6,007 6,171 5,910 8,465 8,791 8,760 8,983 8,789 8,647 8,793 7,933 8,267 8,743 8,704 8,903 9,104 9,012 9,108 8,942 9,110 8,919 8,743 8,588 8,314 8,373 8,680 8,530 8,615 8,464 8,429 8,668 8,269 8,296 8,272 8,177 8,072 8,004 8,345 8,296 8,494 8,532 8,553 9,107 9,020 8,790 8,278 8,237 7,646 7,558 7,550 7,324 6,990 6,559 6,452 6,233 6,155 5,989 6,016
Current Liabilities
Account Payables 763 814 759 778 812 763 807 826 793 738 696 670 722 746 746 773 737 726 711 626 535 527 486 555 828 720 813 927 745 767 759 834 766 783 733 650 661 687 667 621 597 593 577 640 604 605 612 617 616 557 496 554 517 569 594 592 579 548 619 607 557 634 509 475 499 562 559 579 599 704 657 615 636 789 686 700 610 658 611 629 672 520 610 622 589 570 574 569 608 584 516 469 468 529 647 698 658 697 732 708 675 660 564 561 650 628 539 483 469 497 865 858 871
Short-Term Debt 1,210 1,209 1,557 1,109 959 1,309 960 960 910 553 898 894 358 684 558 558 731 805 579 805 822 1,173 1,316 1,665 1,664 977 227 229 231 833 617 616 988 398 398 402 309 309 316 303 300 300 615 614 325 324 7 7 7 6 52 50 49 407 408 407 755 355 480 482 137 138 126 142 145 64 137 136 143 120 44 42 55 175 247 219 107 15 14 12 12 56 215 225 489 489 290 290 60 64 259 263 223 242 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 75 70 65 70 162 157 143 101 157 142 144 178 256 248 0 141 0 0 0 0 0 0 0 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 3,517 3,497 3,550 5,128 3,523 3,487 3,402 3,383 3,331 3,328 3,367 3,372 3,381 3,314 3,094 3,115 2,626 2,522 2,320 2,547 2,182 1,769 1,724 1,480 1,550 2,258 2,185 2,157 2,625 2,529 2,305 2,177 2,238 2,121 1,959 1,948 1,948 1,866 1,860 992 1,013 952 930 833 675 699 1,360 1,295 1,241 666 1,141 1,093 1,094 1,052 1,020 1,010 970 1,005 1,266 1,154 1,094 1,037 1,147 1,136 1,126 1,142 438 440 442 1,006 1,241 1,200 1,240 1,169 1,290 1,547 1,221 1,057 972 898 1,123 857 858 817 774 789 1,191 1,131 1,043 710 150 194 271 1,063 1,220 1,163 1,029 747 1,113 1,060 1,054 1,257 1,223 1,144 1,019 1,115 1,043 938 875 915 877 817 729
Total Current Liabilities 8,516 8,398 8,798 8,199 8,284 8,649 8,518 8,283 8,170 7,762 7,677 7,520 6,969 7,339 7,112 6,853 6,422 6,407 6,019 6,121 5,914 5,752 6,006 6,118 6,516 6,677 5,738 5,624 5,848 6,437 6,051 5,904 6,469 5,807 5,608 5,363 5,223 5,147 5,229 3,244 3,247 3,233 3,509 3,517 3,030 3,060 2,738 2,690 2,596 2,675 2,422 2,467 2,358 2,773 2,690 2,642 2,906 2,558 3,100 2,917 2,423 2,501 2,496 2,351 2,313 2,287 2,491 2,405 2,406 2,533 2,666 2,560 2,564 2,876 2,928 3,106 2,544 2,522 2,371 2,273 2,232 1,992 2,170 2,109 2,244 2,356 2,055 1,990 1,711 1,770 1,883 1,846 1,859 2,207 1,867 1,861 1,687 1,802 1,845 1,768 1,729 1,917 1,787 1,705 1,669 1,743 1,582 1,421 1,344 1,412 1,742 1,675 1,600
Non-Current Liabilities
Long-Term Debt 15,320 14,995 14,325 14,546 14,103 13,138 12,671 12,183 11,748 11,320 10,870 10,403 10,299 9,380 8,860 8,230 8,738 9,333 9,264 9,383 9,386 9,203 9,679 10,133 10,569 9,963 10,552 10,185 10,025 8,514 8,710 8,375 7,858 7,840 8,271 7,911 8,161 8,197 8,506 4,057 3,859 3,807 3,689 3,303 3,703 3,457 3,521 3,397 3,295 3,147 3,104 3,037 3,206 2,528 2,101 2,153 1,772 1,816 2,623 2,440 2,720 2,691 2,600 2,769 3,124 2,234 2,523 2,713 2,834 2,975 3,002 3,006 3,340 2,790 2,701 2,065 2,311 1,818 1,622 1,549 1,865 1,681 1,602 1,207 835 836 1,085 1,144 1,669 1,391 1,421 1,442 1,937 1,553 1,808 1,911 2,182 2,815 2,318 2,314 2,012 2,016 1,756 1,958 2,068 1,676 1,458 1,178 1,266 1,267 858 668 755
Deferred Tax Liabilities 90 79 117 59 65 81 185 219 194 209 359 285 307 313 273 223 179 169 69 71 82 83 146 121 212 290 291 359 441 485 551 567 634 605 927 994 891 1,020 1,308 0 0 16 0 0 0 0 0 0 0 0 0 0 0 280 146 181 230 282 234 237 241 0 223 242 254 255 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Liabilities 5,928 5,760 5,550 5,459 5,434 5,409 5,361 5,269 5,362 5,160 5,049 5,065 5,061 5,122 5,363 5,404 5,940 5,951 6,313 6,094 6,565 6,868 6,656 6,892 6,564 5,696 5,726 5,824 5,197 5,304 5,565 5,512 5,312 5,429 4,918 4,712 4,482 4,419 4,118 2,811 2,682 2,632 2,544 2,534 2,607 2,548 2,430 2,463 2,399 2,387 2,363 2,366 2,336 2,326 2,370 2,336 2,341 2,317 2,312 2,298 2,231 2,206 2,338 2,303 2,286 2,270 2,268 2,206 2,127 2,004 1,994 2,011 1,884 1,847 1,830 1,777 1,666 1,630 1,619 1,592 1,539 1,594 1,529 1,481 1,405 1,383 1,362 1,304 1,208 1,178 1,100 1,038 1,006 963 1,056 990 1,036 1,012 1,222 1,107 1,078 1,037 1,074 1,025 1,023 997 1,119 1,087 1,058 984 999 993 970
Total Non-Current Liabilities 23,433 22,913 22,154 22,107 21,535 20,525 20,112 19,548 19,202 18,594 18,251 17,791 17,754 16,908 16,588 15,990 17,044 17,732 17,569 17,587 18,221 18,519 18,913 19,641 19,053 17,671 18,236 18,029 17,295 15,034 15,458 15,099 14,449 14,457 14,116 13,617 13,534 13,636 13,932 6,868 6,541 6,439 6,233 5,837 6,310 6,005 5,951 5,860 5,694 5,534 5,467 5,403 5,542 4,854 4,471 4,489 4,113 4,133 4,935 4,738 4,951 4,897 4,938 5,072 5,410 4,504 4,791 4,919 4,961 4,979 4,996 5,017 5,224 4,637 4,531 3,842 3,977 3,448 3,241 3,141 3,404 3,275 3,131 2,688 2,240 2,219 2,447 2,448 2,877 2,569 2,521 2,480 2,943 2,516 2,864 2,901 3,218 3,827 3,540 3,421 3,090 3,053 2,830 2,983 3,091 2,673 2,577 2,265 2,324 2,251 1,857 1,661 1,725
Total Liabilities 31,949 31,311 30,952 30,306 29,819 29,174 28,630 27,831 27,372 26,356 25,928 25,311 24,723 24,247 23,700 22,843 23,466 24,139 23,588 23,708 24,135 24,271 24,919 25,759 25,569 24,348 23,974 23,653 23,143 21,471 21,509 21,003 20,918 20,264 19,724 18,980 18,757 18,783 19,161 10,112 9,788 9,672 9,742 9,354 9,340 9,065 8,689 8,550 8,290 8,209 7,889 7,870 7,900 7,627 7,161 7,131 7,019 6,691 8,035 7,655 7,374 7,398 7,434 7,423 7,723 6,791 7,282 7,324 7,367 7,512 7,662 7,577 7,788 7,513 7,459 6,948 6,521 5,970 5,612 5,414 5,636 5,267 5,301 4,797 4,484 4,575 4,502 4,438 4,588 4,339 4,404 4,326 4,802 4,723 4,731 4,762 4,905 5,629 5,385 5,189 4,819 4,970 4,617 4,688 4,760 4,416 4,159 3,686 3,668 3,663 3,599 3,336 3,325
Stockholders' Equity
Common Stock 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 2
Retained Earnings 18,884 18,414 18,148 17,602 17,022 16,531 16,251 15,844 15,251 14,838 14,142 13,544 12,975 12,342 11,795 11,262 10,682 10,305 9,838 9,618 9,195 9,206 9,370 9,270 9,504 9,644 9,522 9,292 9,219 8,982 8,705 8,363 7,898 7,242 7,310 7,040 6,750 6,501 6,375 5,185 5,025 4,878 4,740 4,573 4,401 4,286 4,156 4,030 3,917 3,837 3,763 3,662 3,549 3,509 3,434 3,335 3,249 3,212 3,165 3,401 3,310 3,286 3,191 3,130 3,038 3,103 3,038 3,540 3,541 3,565 3,610 3,549 3,430 3,332 3,188 3,094 2,927 2,860 2,704 2,598 2,441 2,500 2,291 2,172 2,055 1,951 1,804 1,661 1,559 1,505 1,374 1,305 1,215 1,126 1,184 1,103 993 941 1,062 985 895 851 715 641 544 508 400 323 242 218 132 75 0
Accumulated Other Comprehensive Income (715) (642) (673) (674) (962) (1,063) (714) (905) (794) (647) (849) (716) (647) (729) (990) (651) (328) (342) (332) (194) (290) (135) (446) (608) (739) (361) (504) (326) (360) (391) (309) (244) 141 (17) (49) (156) (312) (497) (169) (173) (177) (196) (120) (88) (90) (70) (53) (39) (41) (44) (49) (54) (46) (44) (49) (53) (38) (48) (16) (11) 2 (2) 6 (5) (1,198) 13 8 (4) (27) (15) 48 71 50 51 32 45 31 44 25 14 (2) (148) (164) (170) (175) (99) (157) (163) (173) (122) (155) (133) (173) (70) (43) (65) (118) (341) (431) (472) (512) (723) (871) (1,031) (40) (36) (33) (54) (52) (32) 0 0 0
Total Stockholders' Equity (4,092) (3,771) (3,119) (2,964) (3,168) (2,992) (2,421) (2,091) (1,616) (682) (661) (224) 140 568 1,063 1,772 1,772 1,414 918 796 234 430 229 (79) (20) 703 838 1,240 1,603 2,225 2,324 2,841 3,566 3,582 4,512 4,901 5,168 5,357 5,841 (3,462) (3,667) (3,590) (3,589) (3,033) (2,537) (2,200) (1,842) (1,720) (1,625) (1,415) (1,409) (1,493) (1,377) (1,285) (1,296) (1,124) (848) (781) 430 1,136 1,386 1,585 1,355 1,224 1,070 1,142 985 1,415 1,328 1,380 1,428 1,435 1,320 1,429 1,651 1,971 2,222 2,618 2,702 2,959 3,044 3,252 3,303 3,653 3,932 4,081 3,757 3,845 3,674 3,838 3,648 3,678 3,543 3,573 3,763 3,770 3,648 3,478 3,635 3,601 3,459 3,267 3,029 2,870 2,790 2,908 2,831 2,873 2,784 2,570 2,556 2,653 2,691
Total Liabilities & Equity 27,857 27,540 27,833 27,342 26,651 26,182 26,209 25,740 25,756 25,674 25,267 25,087 24,863 24,815 24,763 24,615 25,238 25,553 24,506 24,504 24,369 24,701 25,148 25,680 25,549 25,051 24,812 24,893 24,746 23,696 23,833 23,844 24,484 23,846 24,236 23,881 23,925 24,140 25,002 6,650 6,121 6,082 6,153 6,321 6,803 6,865 6,847 6,830 6,665 6,794 6,480 6,377 6,523 6,342 5,865 6,007 6,171 5,910 8,465 8,791 8,760 8,983 8,789 8,647 8,793 7,933 8,267 8,743 8,704 8,903 9,104 9,012 9,108 8,942 9,110 8,919 8,743 8,588 8,314 8,373 8,680 8,530 8,615 8,464 8,429 8,668 8,269 8,296 8,272 8,177 8,072 8,004 8,345 8,296 8,494 8,532 8,553 9,107 9,020 8,790 8,278 8,237 7,646 7,558 7,550 7,324 6,990 6,559 6,452 6,233 6,155 5,989 6,016
Debt Metrics
Total Debt 17,406 17,083 16,886 16,536 15,851 15,241 14,462 13,968 13,509 12,760 12,734 12,296 11,681 11,098 10,425 9,836 10,535 11,236 10,540 10,933 10,983 11,199 11,812 12,628 13,079 11,822 11,647 11,307 11,145 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028 3,781 3,528 3,404 3,302 3,153 3,156 3,087 3,255 2,935 2,509 2,560 2,527 2,171 3,103 2,922 2,857 2,829 2,726 2,911 3,269 2,298 2,660 2,849 2,977 3,095 3,046 3,048 3,395 2,965 2,948 2,284 2,418 1,833 1,636 1,561 1,877 1,737 1,817 1,432 1,324 1,325 1,375 1,434 1,729 1,455 1,680 1,705 2,160 1,795 1,808 1,911 2,182 2,815 2,318 2,314 2,012 2,016 1,756 1,958 2,068 1,676 1,458 1,178 1,266 1,267 858 668 755
Net Debt 16,952 16,725 16,208 15,865 15,328 14,845 14,068 13,619 13,080 12,422 12,017 11,733 11,127 10,591 9,380 9,290 9,493 9,843 9,768 10,269 10,355 10,322 10,235 10,345 11,319 11,597 11,371 11,023 10,887 9,031 8,954 8,625 8,145 7,855 8,161 7,815 7,732 7,648 7,744 3,681 4,060 4,011 4,209 3,777 3,908 3,677 3,378 3,212 3,118 3,027 3,012 2,979 3,034 2,847 2,404 2,455 2,237 2,069 2,883 2,805 2,713 2,324 2,503 2,811 3,151 2,183 2,530 2,724 2,809 2,961 2,929 2,923 3,081 2,633 2,740 2,133 2,294 1,640 1,500 1,197 1,705 1,534 1,656 961 947 555 1,173 1,270 1,526 1,226 1,567 1,561 1,635 1,597 1,497 1,711 1,992 1,998 1,444 1,640 1,642 1,682 1,378 1,548 1,696 1,187 1,134 938 931 877 523 350 277
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 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
Operating Activities
Net Income 648 445 728 763 665 455 584 772 564 848 752 726 757 673 630 678 377 468 220 422 (11) (164) 100 (234) 31 279 387 232 375 416 503 667 420 201 485 489 371 244 70 247 219 202 210 240 207 197 192 192 172 151 160 179 136 181 143 143 104 141 (179) 135 101 173 83 119 83 106 (469) 35 (25) (10) 84 154 121 176 131 207 182 216 141 186 61 237 148 138 145 188 132 160 114 170 93 126 87 125 114 127 82 (116) 101 130 121 149 110 126 94 90 96 114 100 114 86 101 89
Depreciation & Amortization 162 177 143 143 136 279 71 26 116 73 69 70 65 70 72 68 72 73 85 68 69 109 101 93 175 196 68 71 68 76 65 70 73 72 65 83 62 71 36 30 31 32 31 32 44 32 33 47 36 14 34 33 25 45 33 38 29 52 40 41 35 57 40 42 39 61 43 42 39 60 43 46 41 63 43 46 45 62 44 42 40 58 53 36 37 51 39 37 39 55 37 34 34 59 42 47 39 75 51 50 46 61 47 46 41 59 34 36 33 47 31 32 30
Stock-Based Compensation 57 65 61 58 52 64 63 57 53 58 54 56 37 48 48 52 44 44 42 43 53 58 52 50 41 49 48 50 40 44 47 51 42 42 44 47 48 95 58 31 28 29 29 31 24 28 27 29 25 0 28 31 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (363) 198 124 (144) (325) 80 112 (33) (241) 210 74 (119) (96) (317) 154 (149) (230) 39 191 (93) (27) (155) (227) 109 245 131 (25) 22 (401) 157 65 (68) (98) (17) (11) 22 (135) (130) 8 64 (45) (49) (9) 63 (131) (83) (20) 104 (121) 89 9 180 (154) (190) 195 58 (93) (159) 204 92 (146) (57) 150 101 (74) (63) 160 92 (83) 135 169 41 (200) 199 (26) 152 (254) 118 40 (48) (98) 0 58 41 (136) 193 73 31 (101) 130 31 (6) (100) (38) 42 80 (87) 0 131 26 (141) 117 135 37 (99) 97 38 46 (36) 0 0 (65) (30)
Other Non-Cash Items 259 85 28 (6) 93 (484) 144 57 182 67 (41) 17 105 (116) (53) (112) 74 (203) 96 (114) (7) 357 233 1,050 93 (58) (30) 307 76 (113) 2 (72) 214 (533) (60) 21 30 95 232 93 103 113 46 54 89 112 23 74 54 75 (18) 17 48 75 (21) 10 15 77 393 35 114 65 88 61 90 167 738 (32) 252 (99) (98) 183 (29) 34 (46) 114 (126) 33 (111) 176 16 65 (115) 179 (107) (22) (66) 92 (69) 12 (80) (32) (123) (93) (22) (25) 21 (7) (19) (48) 0 (90) (49) 45 (15) (117) 45 38 38 (64) 127 72 35
Operating Cash Flow 858 829 1,093 643 647 318 880 772 779 751 881 651 887 441 874 650 398 432 619 99 27 16 118 991 514 495 452 587 151 533 695 454 675 520 565 724 462 450 344 468 394 350 328 490 262 274 281 487 182 335 195 492 118 181 391 292 125 204 404 342 139 238 391 362 160 271 250 144 203 86 198 424 (67) 472 (60) 519 (153) 429 166 356 19 360 144 394 (61) 410 178 320 (17) 367 81 122 (102) 53 176 229 55 (48) 264 158 26 237 338 254 21 129 213 234 135 97 244 140 124
Investing Activities
Capital Expenditure (130) (172) (142) 135 (135) (342) (174) (125) (109) (134) (124) (99) (95) (140) (73) (70) (49) (69) (44) (40) (30) (38) (18) (20) (59) (418) (93) (76) (66) (94) (74) (324) (64) (85) (51) (56) (48) (67) (54) (36) (42) (87) (59) (84) (75) (144) (111) (95) (61) (178) (78) (78) (70) (374) (59) (60) (197) (129) (37) (29) (62) (216) (83) (39) (25) (48) (29) (33) (50) (137) (96) (164) (84) (143) (219) (151) (158) (310) (66) (51) (102) (154) (493) (98) (35) (66) (34) (50) (31) (66) (28) (53) (63) (70) (50) (85) (87) (200) (109) (126) (125) (468) (172) (208) (247) (261) (280) (193) (256) (371) (197) (254) (163)
Acquisitions 0 0 9 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 7 0 0 0 260 391 2 0 2 19 24 328 108 (60) 0 171 311 (25) (2,430) (16) (21) (34) (18) (147) (61) (17) (21) (210) (7) (25) (10) (14) (28) 129 (33) (19) (12) 145 (8) (15) (102) 164 (21) (10) (19) 1 (25) (19) (9) 0 0 5 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 (19) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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) 0 0 (1) 1 (2) (4) (1) (65) 0 (2) (14) (20) 0 (10) (2) 8 10 (14) (67) 2 (22) (6) (3) (1) (63) (10) (4) 0 0 0 0 (30) 0 0 0 (27) (22) 0 0 0 0 0 0 0 0 0 0 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 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23 83 (109) 0 86 2 0 0 0 2 0 0 0 0 0 0 (10) 15 0 0 0 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 0 0 0 0 0
Other Investing Activities (19) (1) 11 (278) (8) (3) 10 (5) 14 31 4 (85) 36 (20) 27 2 26 (37) 34 (3) (6) (38) (12) (4) (36) (14) 22 (10) (24) (58) 17 61 5 975 55 (35) (20) 170 69 44 (1) 117 98 605 115 151 13 84 111 58 (2) (37) 24 (107) 98 (18) (7) (17) 116 (76) 51 (53) 34 10 21 109 60 30 22 21 (40) (76) (55) 280 254 200 91 76 77 505 39 299 174 179 (2) 229 166 18 55 57 64 90 292 194 221 157 37 (155) 66 7 161 (63) 8 161 (37) 110 2 (4) 95 102 33 124 2
Investing Cash Flow (149) (173) (489) (143) (143) (345) (164) (130) (95) (102) (120) (184) (59) (160) (46) (68) (23) (106) (9) (43) (29) (76) (30) (24) 165 (41) (69) (86) (88) (133) (33) 65 49 830 4 80 243 78 (2,415) (8) (64) (6) 21 374 (22) (9) (121) (225) 42 (210) (90) (131) (88) (372) 6 (84) (135) (102) 81 (48) (178) (103) (92) (45) (24) 61 (57) (32) (41) (116) (108) (168) (91) 107 35 49 (66) (261) (11) 454 (63) 145 (319) 81 (37) 163 132 (32) 24 (9) 36 37 229 124 171 72 (50) (355) (43) (119) 36 (531) (164) (47) (284) (151) (278) (197) (161) (269) (164) (130) (161)
Financing Activities
Net Debt Issuance 337 205 334 579 606 809 488 475 781 94 497 617 572 642 681 (675) (651) 304 (354) (18) (163) (634) (797) (436) 1,251 105 361 144 903 23 334 149 614 (436) 346 (159) (36) (323) 2,596 199 49 (184) 377 (112) 244 252 123 100 147 41 58 (170) 320 418 (53) 37 348 (22) 174 62 (35) 98 (185) (358) (150) (364) (188) (131) (99) 75 1 (373) 423 (2) 556 (207) 578 196 72 (321) 200 (93) 372 54 (1) (49) (53) (296) 257 (211) (12) (505) 367 (155) (105) (272) (633) 499 0 288 (3) 229 (214) (96) 393 402 274 (100) (38) 303 177 (89) 330
Stock Repurchased (700) (1,000) (800) (749) (751) (586) (1,020) (1,012) (1,144) (965) (942) (911) (1,135) (1,331) (935) (300) (78) (5) (2) (1) 0 0 0 0 (150) (432) (600) (431) (797) (337) (840) (858) (815) (908) (777) (746) (582) (320) 1 (1) (248) (96) (714) (678) (429) (556) (297) (337) (320) (190) (146) (281) (217) (261) (334) (414) (136) (200) (557) (368) (300) 0 0 0 0 0 0 0 0 (6) (81) (76) (271) (464) (457) (344) (492) (484) (474) (352) (236) (378) (513) (433) (320) (78) (233) (56) (297) (82) (93) (44) (154) (121) (111) 0 0 (144) (17) (35) (39) (39) (15) (50) (236) (208) (114) (27) (5) (107) (175) 0 0
Dividends Paid (178) (179) (182) (183) (174) (176) (176) (179) (151) (152) (154) (157) (124) (126) (97) (98) 0 0 0 0 0 0 0 0 (156) (157) (157) (159) (139) (139) (142) (144) (118) (120) (122) (125) (115) (117) (117) (76) (64) (64) (65) (68) (56) (56) (58) (59) (50) (52) (51) (52) (41) (81) (43) (33) (34) (34) (36) (32) (32) (14) (15) (14) 0 0 (2) (30) (31) (31) (30) (27) (27) (28) (28) (24) (25) (24) (26) (22) (21) (23) (23) (19) (19) (19) (20) (17) (17) (18) (17) (16) (17) (16) (18) (15) (16) (16) (16) (14) (15) (14) (14) (13) (14) (14) (13) (13) (12) (13) (12) 0 0
Other Financing Activities (124) (5) (1) (1) (109) (11) (2) (4) (121) (3) (27) (8) (95) (9) 24 (9) 0 (1) (136) 0 (89) (2) (1) (13) (95) (17) (8) (36) (95) 0 (4) (6) (95) (13) (9) (36) (99) 0 (16) (12) (70) 0 0 0 0 0 0 0 0 0 (1) 0 0 0 0 (1) (10) 11 0 0 0 0 0 0 0 0 0 0 0 0 0 16 0 6 (15) (13) (6) 27 3 (12) (3) 10 12 (19) (6) 35 13 (20) 7 17 (47) 0 0 0 0 0 0 0 0 0 0 46 21 (21) 0 0 0 0 0 117 (3) (136) (104)
Financing Cash Flow (612) (979) (602) (354) (383) 36 (670) (720) (602) (1,026) (597) (459) (782) (824) (327) (1,082) (729) 298 (492) (19) (250) (636) (798) (449) 850 (501) (403) (481) (123) (453) (652) (859) (410) (1,475) (550) (1,058) (823) (748) 2,470 120 (327) (343) (394) (844) (224) (311) (202) (254) (166) (143) (69) (474) 103 174 (397) (393) 198 (220) (382) (321) (322) 147 (176) (335) (133) (347) (188) (155) (128) 47 (98) (445) 140 (453) 82 (541) 150 (111) (383) (618) 13 (463) (135) (381) (295) (5) (272) (327) (33) (242) (148) (540) 200 (285) (233) (297) (632) 346 (21) 265 (26) 250 (206) (169) 146 187 149 (132) (29) 308 (8) (225) 226
Cash Position
Net Change in Cash 97 (323) 2 146 121 9 46 (78) 82 (377) 164 8 46 (543) 501 (500) (354) 624 118 37 (252) (696) (710) 518 1,529 (47) (20) 20 (60) (53) 10 (340) 314 (125) 19 (254) (118) (220) 399 580 3 1 (45) 20 16 (46) (42) 8 58 (18) 36 (113) 133 (17) 0 (185) 188 (118) 103 (27) (361) 282 123 (18) 3 (15) 5 (43) 34 17 (8) (189) (18) 124 57 29 (69) 57 (228) 192 (31) 42 (310) 94 (393) 568 38 (39) (26) 116 (31) (381) 327 (113) 114 (1) (627) (57) 200 304 36 (44) (32) 38 (117) 165 324 0 (390) 0 335 0 (289)
Cash at Beginning 371 694 692 546 425 416 370 448 366 743 579 571 525 1,068 567 1,067 1,421 797 679 642 894 1,590 2,300 1,782 253 300 320 300 360 413 403 743 429 508 515 769 887 1,078 679 99 96 95 140 120 104 150 192 184 126 144 108 221 88 105 105 290 102 220 117 144 505 223 100 118 115 130 125 168 134 117 125 314 332 208 151 122 191 136 364 172 203 161 471 377 770 202 164 203 229 113 144 525 198 311 189 190 817 874 674 370 334 378 410 372 489 324 0 0 390 0 0 0 289
Cash at End 468 371 694 692 546 425 416 370 448 366 743 579 571 525 1,068 567 1,067 1,421 797 679 642 894 1,590 2,300 1,782 253 300 320 300 360 413 403 743 383 534 515 769 858 1,078 679 99 96 95 140 120 104 150 192 184 126 144 108 221 88 105 105 290 102 220 117 144 505 223 100 118 115 130 125 168 134 117 125 314 332 208 151 122 193 136 364 172 203 161 471 377 770 202 164 203 229 113 144 525 198 303 189 190 817 874 674 370 334 378 410 372 489 324 0 0 0 335 0 0
Free Cash Flow 728 657 951 778 512 (24) 706 647 670 617 757 552 792 301 801 580 349 363 575 59 (3) (22) 100 971 455 77 359 511 85 439 621 130 611 435 514 668 414 383 290 432 352 263 269 406 187 130 170 392 121 157 117 414 48 (193) 332 232 (72) 75 367 313 77 22 308 323 135 223 221 111 153 (51) 102 260 (151) 329 (279) 368 (311) 119 100 305 (83) 206 (349) 296 (96) 344 144 270 (48) 301 53 69 (165) (17) 126 144 (32) (248) 155 32 (99) (231) 166 46 (226) (132) (67) 41 (121) (274) 47 (114) (39)
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 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
Income Statement
Revenue 6,654 6,690 6,489 6,744 6,263 6,429 6,255 6,439 5,977 6,095 5,928 6,075 5,615 5,923 5,313 5,338 4,199 4,446 3,946 3,149 2,316 2,172 2,254 1,464 4,681 5,371 5,284 5,305 5,012 5,357 5,051 5,409 5,009 5,875 5,078 5,211 4,912 5,456 3,942 3,902 3,772 3,706 3,578 3,689 3,513 3,559 3,460 3,484 3,293 3,219 3,160 3,263 3,142 3,757 2,729 2,776 2,552 3,693 2,874 2,972 2,778 3,642 2,648 2,771 2,630 3,380 2,471 2,562 2,495 3,784 2,963 3,185 2,947 3,836 2,943 3,210 2,836 3,861 2,703 2,891 2,705 3,641 2,714 2,661 2,534 3,141 2,304 2,402 2,252 2,861 2,109 2,016 2,023 1,037 1,924 2,034 1,808 2,868 2,373 2,450 2,461 3,156 2,303 2,391 2,167 2,807 1,995 2,042 1,895 974 1,804 1,927 1,715
Gross Profit 1,341 1,106 1,424 1,812 1,245 1,139 1,274 1,498 1,190 1,107 1,397 1,422 1,198 1,279 1,226 1,230 823 902 825 726 348 388 437 102 532 667 888 867 795 951 881 1,111 865 960 1,077 1,070 860 882 596 587 561 530 519 553 521 503 503 522 438 438 426 472 415 515 345 403 322 501 36 391 350 473 316 368 318 437 (353) 279 258 399 370 497 357 754 374 507 384 542 378 415 353 417 284 325 282 72 225 245 283 542 303 175 170 163 128 149 147 53 178 239 226 327 263 293 234 292 222 252 226 270 195 218 193
Operating Income 1,064 777 1,180 1,236 948 752 944 1,195 876 718 1,099 1,096 951 996 958 950 558 635 545 486 84 (128) 252 (154) 114 274 607 409 510 556 596 818 530 570 790 744 546 441 171 389 367 310 339 369 332 291 298 316 254 238 245 279 226 309 213 243 175 247 (144) 232 191 122 167 226 180 172 (506) 99 40 74 203 313 195 504 183 300 237 305 229 274 230 221 135 41 158 109 99 118 151 108 90 68 58 102 103 126 118 (186) 165 210 196 226 187 222 167 156 158 188 164 187 139 162 138
Net Income 648 445 728 763 665 455 584 772 564 848 752 726 757 673 630 678 377 468 220 422 (11) (164) 100 (234) 31 279 387 232 375 416 503 667 420 201 485 489 371 244 70 247 219 202 210 240 207 197 192 192 172 151 160 179 136 181 143 143 104 141 (179) 135 101 173 83 119 83 106 (466) 37 (23) (10) 94 157 121 176 131 207 182 216 141 186 61 237 149 138 145 189 133 160 114 169 92 125 116 (37) 103 129 82 (116) 101 130 121 149 110 126 94 90 96 114 100 114 86 101 89
EPS (Diluted) 2.41 1.65 2.67 2.78 2.39 1.62 2.07 2.69 1.93 2.87 2.51 2.38 2.43 2.12 1.93 2.06 1.14 1.42 0.67 1.28 -0.03 -0.50 0.31 -0.72 0.09 0.85 1.16 0.69 1.09 0.92 1.43 1.87 1.16 0.31 1.29 1.28 0.95 0.62 0.26 0.96 0.85 0.77 0.78 0.87 0.73 0.68 0.65 0.64 0.57 0.49 0.52 0.57 0.43 0.56 0.44 0.42 0.30 0.41 -0.52 0.37 0.26 0.46 0.22 0.31 0.22 -0.15 -1.31 0.10 -0.06 -0.03 0.25 0.42 0.33 0.46 0.33 0.50 0.44 0.52 0.33 0.43 0.63 0.53 0.32 0.29 0.30 0.39 0.28 0.33 0.23 0.34 0.18 0.25 0.24 -0.07 0.20 0.25 0.16 -0.24 0.19 0.25 0.23 0.29 0.21 0.25 0.18 0.17 0.18 0.21 0.19 0.21 0.16 0.18 0.16
Balance Sheet
Cash & Equivalents 454 358 678 671 523 396 394 349 429 338 717 563 554 507 1,045 546 1,042 1,393 772 664 628 877 1,577 2,283 1,760 225 276 284 258 316 373 366 701 383 508 498 738 858 1,078 679 99 96 95 140 120 104 150 192 184 126 144 108 221 88 105 105 290 102 220 117 144 505 223 100 118 115 130 125 168 134 117 125 314 332 208 151 124 193 136 364 172 203 161 471 377 770 202 164 203 229 113 144 525 198 311 200 190 817 874 674 370 334 378 410 372 489 324 240 335 390 335 318 478
Total Assets 27,857 27,540 27,833 27,342 26,651 26,182 26,209 25,740 25,756 25,674 25,267 25,087 24,863 24,815 24,763 24,615 25,238 25,553 24,506 24,504 24,369 24,701 25,148 25,680 25,549 25,051 24,812 24,893 24,746 23,696 23,833 23,844 24,484 23,948 24,236 23,881 23,925 24,140 25,002 6,650 6,121 6,082 6,153 6,321 6,803 6,865 6,847 6,830 6,665 6,794 6,480 6,377 6,523 6,342 5,865 6,007 6,171 5,910 8,465 8,791 8,760 8,983 8,789 8,647 8,793 7,933 8,267 8,743 8,704 8,903 9,104 9,012 9,108 8,942 9,110 8,919 8,743 8,588 8,314 8,373 8,680 8,530 8,615 8,464 8,429 8,668 8,269 8,296 8,272 8,177 8,072 8,004 8,345 8,296 8,494 8,532 8,553 9,107 9,020 8,790 8,278 8,237 7,646 7,558 7,550 7,324 6,990 6,559 6,452 6,233 6,155 5,989 6,016
Total Debt 17,406 17,083 16,886 16,536 15,851 15,241 14,462 13,968 13,509 12,760 12,734 12,296 11,681 11,098 10,425 9,836 10,535 11,236 10,540 10,933 10,983 11,199 11,812 12,628 13,079 11,822 11,647 11,307 11,145 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028 3,781 3,528 3,404 3,302 3,153 3,156 3,087 3,255 2,935 2,509 2,560 2,527 2,171 3,103 2,922 2,857 2,829 2,726 2,911 3,269 2,298 2,660 2,849 2,977 3,095 3,046 3,048 3,395 2,965 2,948 2,284 2,418 1,833 1,636 1,561 1,877 1,737 1,817 1,432 1,324 1,325 1,375 1,434 1,729 1,455 1,680 1,705 2,160 1,795 1,808 1,911 2,182 2,815 2,318 2,314 2,012 2,016 1,756 1,958 2,068 1,676 1,458 1,178 1,266 1,267 858 668 755
Stockholders' Equity (4,092) (3,771) (3,119) (2,964) (3,168) (2,992) (2,421) (2,091) (1,616) (682) (661) (224) 140 568 1,063 1,772 1,772 1,414 918 796 234 430 229 (79) (20) 703 838 1,240 1,603 2,225 2,324 2,841 3,566 3,582 4,512 4,901 5,168 5,357 5,841 (3,462) (3,667) (3,590) (3,589) (3,033) (2,537) (2,200) (1,842) (1,720) (1,625) (1,415) (1,409) (1,493) (1,377) (1,285) (1,296) (1,124) (848) (781) 430 1,136 1,386 1,585 1,355 1,224 1,070 1,142 985 1,415 1,328 1,380 1,428 1,435 1,320 1,429 1,651 1,971 2,222 2,618 2,702 2,959 3,044 3,252 3,303 3,653 3,932 4,081 3,757 3,845 3,674 3,838 3,648 3,678 3,543 3,573 3,763 3,770 3,648 3,478 3,635 3,601 3,459 3,267 3,029 2,870 2,790 2,908 2,831 2,873 2,784 2,570 2,556 2,653 2,691
Cash Flow
Operating Cash Flow 858 829 1,093 643 647 318 880 772 779 751 881 651 887 441 874 650 398 432 619 99 27 16 118 991 514 495 452 587 151 533 695 454 675 520 565 724 462 450 344 468 394 350 328 490 262 274 281 487 182 335 195 492 118 181 391 292 125 204 404 342 139 238 391 362 160 271 250 144 203 86 198 424 (67) 472 (60) 519 (153) 429 166 356 19 360 144 394 (61) 410 178 320 (17) 367 81 122 (102) 53 176 229 55 (48) 264 158 26 237 338 254 21 129 213 234 135 97 244 140 124
Capital Expenditure (130) (172) (142) 135 (135) (342) (174) (125) (109) (134) (124) (99) (95) (140) (73) (70) (49) (69) (44) (40) (30) (38) (18) (20) (59) (418) (93) (76) (66) (94) (74) (324) (64) (85) (51) (56) (48) (67) (54) (36) (42) (87) (59) (84) (75) (144) (111) (95) (61) (178) (78) (78) (70) (374) (59) (60) (197) (129) (37) (29) (62) (216) (83) (39) (25) (48) (29) (33) (50) (137) (96) (164) (84) (143) (219) (151) (158) (310) (66) (51) (102) (154) (493) (98) (35) (66) (34) (50) (31) (66) (28) (53) (63) (70) (50) (85) (87) (200) (109) (126) (125) (468) (172) (208) (247) (261) (280) (193) (256) (371) (197) (254) (163)
Free Cash Flow 728 657 951 778 512 (24) 706 647 670 617 757 552 792 301 801 580 349 363 575 59 (3) (22) 100 971 455 77 359 511 85 439 621 130 611 435 514 668 414 383 290 432 352 263 269 406 187 130 170 392 121 157 117 414 48 (193) 332 232 (72) 75 367 313 77 22 308 323 135 223 221 111 153 (51) 102 260 (151) 329 (279) 368 (311) 119 100 305 (83) 206 (349) 296 (96) 344 144 270 (48) 301 53 69 (165) (17) 126 144 (32) (248) 155 32 (99) (231) 166 46 (226) (132) (67) 41 (121) (274) 47 (114) (39)