Marvell Technology, Inc. logo MRVL - Marvell Technology, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 59
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $150.30 DETAILS
HIGH: $220.00
LOW: $85.00
MEDIAN: $137.50
CONSENSUS: $150.30
DOWNSIDE: 23.45%
Metric 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1
Revenue
Revenue 2,218.7 2,074.5 2,006.1 1,895.3 1,817.4 1,516.1 1,272.9 1,160.9 1,426.5 1,418.6 1,340.9 1,321.7 1,418.5 1,537.3 1,516.9 1,446.9 1,343.0 1,211.2 1,075.9 832.3 797.8 750.1 727.3 693.6 717.7 662.5 656.6 662.5 744.8 851.1 665.3 604.6 615.4 616.3 604.8 579.2 571.4 654.4 626.4 519.4 857.5 930.1 961.5 957.8 931.7 931.2 807.1 734.4 775.3 780.9 816.1 796.4 742.7 950.4 897.5 802.4 900.5 959.3 896.5 855.6 842.5 803.1 640.6 521.4 512.9 791.0 842.6 804.1 844.7 758.2 656.7 635.0 622.0 520.4 574.0 521.2 489.0 426.0 390.5 364.8 340.3 317.6 297.2 269.6 243.3 215.3 192.9 168.3 150.8 119.7 82.8 68.6 45.8 32.2 29.7
Cost of Revenue 1,145.6 1,004.7 995.5 942.9 900 1,166.7 685.3 633.1 762.4 867.4 819.8 764.5 745.2 760 730.9 696 656.5 623.4 704.1 414.1 376.7 369.1 368.0 366.7 412.9 322.4 305.9 301.0 422.8 467.5 288.2 228.9 241.9 238.5 239.6 230.5 250.1 286.8 288.5 244.4 0 455.0 477.7 493.9 477.3 465.0 386.1 335.4 370.8 374.5 381.8 366.3 341.1 412.1 378.1 334.5 371.8 390.8 366.7 344.0 339.8 341.6 288.1 257.6 252.7 379.1 405.9 388.8 438.6 396.2 335.5 327.4 324.8 256.1 279.1 240.2 220.7 197.1 183.6 175.3 162.8 150.3 140.9 127.8 116.3 100.8 88.9 76.1 70.3 56.0 35.7 31.4 21.8 15.1 13.2
Gross Profit 1,073.1 1,069.8 1,010.6 952.4 917.4 349.4 587.6 527.8 664.1 551.2 521.1 557.2 673.3 777.3 786 750.9 686.4 587.8 371.8 418.2 421.1 381.1 359.3 326.9 304.7 340.1 350.7 361.4 322.0 383.6 377.1 375.7 373.5 377.8 365.2 348.6 321.3 367.7 337.9 275.0 0 475.2 483.8 464.0 454.5 466.2 421.0 398.9 404.5 406.4 434.3 430.0 401.6 538.3 519.4 467.9 528.7 568.5 529.8 511.6 502.7 461.5 352.6 263.8 260.1 411.9 436.7 415.2 406.0 362.0 321.2 307.6 297.1 264.3 294.9 281.0 268.4 228.9 206.8 189.5 177.5 167.3 156.2 141.7 127.0 114.5 103.9 92.2 80.5 63.7 47.1 37.2 24.1 17.1 16.5
Operating Expenses
R&D Expenses 536 512.5 519 507.7 499 488.6 486.7 476.1 459.6 481.1 474.8 480.7 443.1 448.1 449 444.1 399.3 371.9 367 286.1 260.4 255.6 277.1 279.6 279.4 267.8 266.4 266.9 256.1 264.9 216.3 176.7 180 168.5 183.1 193.6 228.7 222.8 229.5 226.5 285.5 288.3 294.4 295.4 288.9 296.3 292.6 279.1 273.7 263.6 264.2 256.0 255.3 266.3 249.6 242.5 231.8 218.4 228.2 219.1 213.0 212.9 196.2 206.1 207.6 234.2 249.7 238.5 266.5 252.2 236.2 234.1 223.4 152.9 152.6 129.2 88.7 77.7 73.2 72.4 69.6 66.4 64.0 63.3 59.7 55.1 52.3 46.6 42.7 33.6 27.4 21.8 11.8 7.8 6.1
SG&A Expenses 123.2 189.9 192.8 186.4 195.7 205.3 197.3 199.9 212 213 210 199 203.4 207.8 211.7 235.7 251.2 243.4 259.2 201.5 116.9 115.5 112.8 122.0 121.6 115.2 114.0 110.0 106.2 102.0 105.5 72.3 68.3 59.8 56.3 55.3 109.5 59.5 67.3 64.2 0 66.8 65.0 68.9 63.0 64.1 65.7 66.3 74.9 62.9 66.8 65.8 63.6 69.5 64.0 62.9 67.2 69.3 62.3 61.5 59.6 52.1 62.4 136.6 63.9 70.0 72.8 59.0 108.8 79.0 87.7 74.4 95.6 78.3 59.0 57.4 36.2 30.7 29.6 28.1 27.0 28.7 27.5 25.5 22.0 21.2 19.1 19.0 16.4 15.8 13.7 13.8 8.2 7.0 5.6
Other Expenses 0 9.6 8.7 (12.3) (12.5) 358.3 4 4.1 25.8 3.4 42 59.9 3.5 15.6 86.2 1.3 1.3 5.9 12.3 12.9 45.6 19.3 120.6 21.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.4 492.1 4.5 4.0 6.7 12.0 10.6 10.6 10.7 12.3 13.1 13.0 14.4 12.7 11.2 11.1 14.3 14.0 21.8 21.2 22.5 24.3 26.4 26.4 30.4 58.0 34.8 35.0 35.2 51.7 37.3 37.3 37.3 115.6 27.4 27.4 17.4 37.1 20.2 20.3 19.8 20.2 23.0 31.0 34.6 21.5 23.2 20.6 20.1 44.5 23.5 107.3 108.6 244.5 2.2 2.3
Operating Expenses 659.2 712 720.5 681.8 682.2 1,052.2 688 680.1 697.4 697.5 726.8 739.6 650 671.5 746.9 681.1 651.8 621.2 638.5 500.5 422.9 390.4 510.5 422.9 400.8 383.0 380.3 376.9 362.3 366.9 321.8 249.0 248.3 228.2 239.4 248.9 338.2 282.4 276.6 295.1 777.6 359.6 363.4 371.0 363.9 371.0 369.0 356.1 360.8 339.6 343.9 336.1 331.6 346.9 324.8 319.8 313.0 309.5 311.7 303.2 297.0 291.4 285.0 373.1 329.4 339.1 357.5 332.8 427.0 368.5 361.2 345.8 434.6 258.6 239.0 204.0 162.0 128.6 123.0 120.2 116.8 118.1 122.6 123.5 103.2 99.5 92.0 85.8 103.6 73.0 148.4 144.3 264.5 17.1 14.0
Operating Income
Operating Income 413.9 357.8 290.1 270.6 235.2 (702.8) (100.4) (152.3) (33.3) (146.3) (205.7) (182.4) 23.3 105.8 39.1 69.8 34.7 (33.4) (266.7) (82.3) (1.7) (9.4) (151.3) (96.0) (96.0) (42.9) (29.6) (15.4) (40.3) 16.7 55.3 126.6 125.2 149.5 125.8 99.8 (16.8) 85.3 41.1 (20.1) 79.8 115.5 120.5 93.0 90.6 95.2 52.0 42.9 43.6 66.8 90.3 93.9 70.0 191.4 194.6 148.1 215.7 259.0 218.1 208.4 205.8 170.1 67.5 (109.3) (69.3) 72.8 79.1 82.5 (20.9) (6.4) (40.0) (38.2) (137.5) 5.7 55.9 77.0 106.3 100.4 83.8 69.3 60.7 49.2 33.6 18.3 23.8 15.0 11.9 6.4 (23.1) (9.3) (101.3) (107.1) (240.5) 0.0 2.5
Interest Expense 50.8 51.2 56.4 54.7 45 47.7 48.4 48.8 52.6 52.6 53.8 52.7 49.3 45.2 39.8 36.3 35.0 35.4 33.8 35.1 20.7 16.1 15.6 16.8 22.7 21.2 20.5 21.2 22.0 22.4 15.8 0.2 0.3 0.3 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 0.2 0.0 0.0 0.0 0.1 0.1 0.1 1.5 0.1 0 3.6 5.2 7.2 0 0 0 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
Interest Income 0 1,908.8 0 0 9.6 0 2.6 3.3 3 11.4 1.6 2.8 2.5 1.5 0.8 0.5 0.2 0.2 0.2 0.2 0.4 0.6 0.6 1.1 1.4 1.1 1.1 1.3 1.2 1.0 3.6 6.1 5.7 4.3 3.8 3.5 7.0 3.4 3.2 3.4 0 4.8 12.3 1.9 12.6 1.5 8.3 3.2 6.2 2.4 5.9 1.1 5.3 7.7 2.1 0 0 0 4.3 0 0 0 0 0 0 0 0 0 0 0 0 1.3 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 730.9 2,582.5 617.9 600.5 570.7 (361.3) 254.2 188.5 325.4 207 149.5 168.8 377.2 454.8 392.3 423.7 408.1 318.7 74.7 99.5 155.6 148.8 12.1 72.2 1,155.6 69.1 71.5 98.4 68.9 95.9 45.3 153.0 80.4 178.8 153.1 124.1 24.1 118.5 80.9 11.6 109.9 147.0 151.2 127.2 128.8 131.8 88.3 78.5 82.1 102.2 124.6 129.5 104.5 222.7 228.2 186.5 264.4 303.9 266.3 250.3 264.6 219.8 120.8 (53.6) 29.7 151.9 146.6 148.8 57.7 57.3 23.2 27.0 2.8 53.0 100.3 109.9 158.3 134.8 118.2 103.3 94.6 81.1 64.7 52.9 53.8 45.0 43.0 34.3 30.2 19.1 10.6 5.7 5.9 3.2 5.6
EBIT 413.9 2,266.6 290.1 270.6 244.8 (702.8) (97.8) (149) (34.7) (134.9) (197.8) (179.6) 26.1 110.5 43.6 75.5 37.0 (32.2) (268.2) (80.9) (2.1) (8.5) (151.1) (91.2) 1,011.1 (59.7) (47.3) (20.0) (47.4) (22.1) (7.4) 132.6 59.1 156.4 131.6 102.3 (4.5) 88.5 51.1 (18.5) 79.8 116.7 121.2 93.0 90.6 95.2 52.0 42.9 43.6 66.8 90.3 93.9 70.0 191.4 194.6 148.1 226.2 259.0 222.3 204.7 216.1 168.8 69.3 (109.4) (45.6) 88.0 83.5 84.9 (13.1) (6.4) (40.0) (36.9) (59.7) 5.7 55.9 77.0 110.6 100.4 83.8 69.3 60.7 49.2 33.6 18.3 23.8 15.0 11.9 6.4 (23.1) (9.3) (101.3) (107.1) (5.6) 0.0 2.5
Income Before Tax 381.6 2,215.4 233.7 215.9 199.8 (750.5) (146.2) (197.8) (87.3) (187.5) (251.6) (232.3) (23.2) 65.3 3.8 39.2 2.1 (67.6) (302) (116) (22.8) (24.5) (166.8) (108.0) 988.4 (81.0) (67.9) (41.2) (69.3) (44.5) (23.2) 132.4 58.8 156.1 131.6 102.2 (8.4) 88.4 56.6 (18.6) 84.2 120.3 132.7 94.9 103.2 96.8 60.2 46.0 49.8 69.2 96.2 95.0 75.3 199.1 196.7 147.9 226.2 257.3 222.3 204.7 216.0 168.7 67.8 (109.4) (69.7) 84.4 78.4 77.8 (2.1) (12.5) (46.8) (46.9) (139.5) 12.5 57.0 91.0 112.4 105.6 88.1 72.9 63.3 51.0 35.3 20.0 25.4 16.7 13.5 7.7 (21.5) (7.4) (98.6) (104.6) (238.8) 0.8 2.8
Income Tax Expense (14.5) 314.1 38.9 38 (0.4) (74.2) 47.1 17.8 305.4 (23.2) (44.1) (63.4) (7.8) 52 (0.5) 204.9 (4.1) (5) (25.6) (27.8) (39.4) (1.6) (8.9) 5.0 (784.3) 1.5 (10.5) 7.3 191.3 9.3 (30.0) 3.8 10.0 6.8 (3.9) 5.3 68.5 15.8 (5.8) (5.4) 2.5 5 (6.2) (4.6) 6.1 (6.4) (1.6) (7.2) (0.3) 0.4 3.1 0.4 (5.4) 4.0 4.3 1.0 3.3 1.6 2.5 (1.1) 11.2 (32.9) 9.3 2.0 (4.7) 13.4 7.0 7.8 (3.4) (6.1) 9.6 6.0 1.1 6.5 12.1 15.9 15.0 12.6 10.8 9.4 8.4 7.4 6.6 5.5 5.6 4.8 4.1 3.3 2.8 1.9 1.3 0.6 0.8 0.2 0.7
Net Income 396.1 1,901.3 194.8 177.9 200.2 (676.3) (193.3) (215.6) (392.7) (164.3) (207.5) (168.9) (15.4) 13.3 4.3 (165.7) 6.2 (62.6) (276.4) (88.2) 16.5 (22.9) (157.9) (113.0) 1,772.7 (82.5) (57.3) (48.5) (260.7) (53.8) 6.8 128.6 48.8 200.2 131.2 98.5 (80.1) 72.6 51.3 (22.7) 81.7 115.3 138.9 99.5 97.1 103.2 61.8 53.2 50.2 68.8 93.1 94.5 80.7 195.1 192.4 146.9 222.9 255.7 219.8 205.8 204.8 201.6 58.5 (111.5) (65.0) 70.9 71.4 69.9 1.3 (6.4) (56.5) (52.8) (140.6) 6.0 44.9 77.6 97.5 93.0 77.3 63.5 54.9 43.6 28.6 14.5 19.8 12.0 9.4 4.4 (24.2) (9.3) (99.9) (105.2) (239.6) 0.6 2.1
Per Share Data
EPS (Basic) 0.47 2.20 0.23 0.21 0.23 -0.78 -0.22 -0.25 -0.45 -0.19 -0.24 -0.20 -0.02 0.02 0.01 -0.20 0.01 -0.08 -0.34 -0.13 0.02 -0.03 -0.24 -0.17 2.66 -0.12 -0.09 -0.07 -0.40 -0.08 0.01 0.26 0.10 0.41 0.26 0.20 -0.16 0.14 0.10 -0.04 0.16 0.22 0.27 0.20 0.20 0.21 0.13 0.11 0.10 0.12 0.17 0.16 0.14 0.32 0.32 0.23 0.34 0.39 0.34 0.32 0.33 0.32 0.09 -0.18 -0.11 0.12 0.12 0.12 0.00 -0.01 -0.10 -0.09 -0.24 0.01 0.08 0.13 0.17 0.16 0.14 0.11 0.10 0.08 0.06 0.03 0.04 0.03 0.02 0.01 -0.05 -0.02 -0.22 -0.23 -0.91 0.00 0.01
EPS (Diluted) 0.46 2.19 0.22 0.20 0.23 -0.78 -0.22 -0.25 -0.45 -0.19 -0.24 -0.20 -0.02 0.02 0.01 -0.20 0.01 -0.08 -0.34 -0.13 0.02 -0.03 -0.24 -0.17 2.62 -0.12 -0.09 -0.07 -0.40 -0.08 0.01 0.25 0.10 0.40 0.26 0.19 -0.16 0.14 0.10 -0.04 0.16 0.22 0.27 0.19 0.20 0.21 0.12 0.11 0.09 0.12 0.16 0.16 0.13 0.32 0.31 0.22 0.33 0.38 0.33 0.30 0.31 0.31 0.09 -0.18 -0.10 0.11 0.11 0.11 0.00 -0.01 -0.10 -0.09 -0.24 0.01 0.07 0.12 0.15 0.15 0.13 0.10 0.09 0.07 0.05 0.03 0.04 0.02 0.02 0.01 -0.05 -0.02 -0.22 -0.23 -0.90 0.00 0.01
Shares Outstanding 848 861.1 862.6 864.8 865.5 865.7 865.7 865 864.7 862.6 860.9 856.7 854.1 852.6 850.9 828.5 844.4 828.6 821.1 693.4 673.5 670.5 657.9 663.5 665.6 668.2 637.0 659.0 657.8 657.5 552.2 497.3 493.7 494.1 500.8 503.8 507.8 511.1 511.2 508.8 513.6 513.9 511.8 505.1 497.6 492.0 494.3 502.2 525.8 553.0 562.4 580.0 583.5 600.5 608.5 638.9 648.3 649.8 648.0 640.9 623.9 623.6 620.9 618.7 608.7 611.9 606.9 601.2 590.3 590.8 587.5 587.4 586.2 587.3 586.1 583.7 565.9 567.3 561.8 557.6 539.4 542.1 535.3 529.0 503.1 509.8 494.7 485.3 477.0 475.5 457.4 454.9 265.0 219.6 186.0
Metric 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1
Current Assets
Cash & Cash Equivalents 2,638.8 2,028.4 1,224.4 885.9 948.3 868.1 808.7 847.7 950.8 725.6 423.4 1,028.3 911 723.4 617.1 465 613.5 523.5 559.6 522.5 748.5 832.0 831.5 667.5 647.6 438.4 573.5 571.9 582.4 610.3 498.7 1,167.3 888.5 800.1 630.5 726.0 814.1 751.6 718.8 780.2 1,254.8 1,059.2 927.4 859.3 744.1 839.4 208.7 159.3 125.3 108.9 114.3 114.5 145.8 115.8 112.3 15.7
Short-Term Investments 0 686.1 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 25 712.1 952.8 932.0 943.0 923.4 854.3 898.8 905.3 835.0 0 0 0 5.1 5.1 36.2 135.2 139.6 139.9 141.5 142.8 135.8 64.4 0 0 0
Net Receivables 2,186.6 1,546.3 1,451.7 1,144 1,028.4 997.9 1,060.1 881.9 1,121.6 1,214.6 1,209.2 1,000.9 1,192.2 1,390.7 1,291.3 1,191.1 1,048.6 978.3 785.6 694.4 536.7 490.3 483.5 468.8 492.3 495.2 452.7 470.3 493.1 453.8 443.3 329.6 280.4 366.1 371.7 357.1 335.4 362.2 348.7 280.7 328.5 285.4 222.1 484.0 370.2 294.2 102.9 90.1 86.2 70.2 56.4 42.1 45.8 23.1 15.8 12.9
Inventory 1,388 1,014.5 1,051.6 1,071.4 1,029.7 859.4 817.8 826.4 864.4 941.5 1,015.8 1,026 1,068.3 957.5 913.1 835.5 720.3 628.6 459.5 538.1 268.2 268.4 262.9 270.4 323.0 308.3 240.4 261.0 276.0 376.2 473.4 169.6 170.0 173.7 175.4 178.1 170.8 198.8 202.7 196.7 211.4 203.6 310.7 326.9 370.0 227.9 60.4 46.8 39.7 49.5 22.1 23.6 25.0 9.8 10.8 12.2
Other Current Assets 247.2 237.2 785.2 736.3 113.9 91.4 77.3 91.7 125.9 91.5 118.8 147.7 109.6 0 0 0 (0.0) 0 0 0 0 0 0 0 0 600.9 597.7 0 0 30.7 31.2 30.7 30.8 36.6 41.9 39.7 57.1 0 0 0 38.9 38.9 38.9 86.9 40.0 3.9 8.2 0 0 9.3 9.3 9.3 3.8 0 3.1 4.5
Total Current Assets 6,460.6 5,512.5 4,512.9 3,837.6 3,120.3 2,816.8 2,763.9 2,647.7 3,062.7 2,973.2 2,767.2 3,202.9 3,281.1 3,179.3 2,915 2,598.9 2,493.4 2,244.8 1,908.5 1,887.8 1,617.1 1,659.3 1,632.1 1,479.0 1,537.5 1,886.6 1,901.4 1,342.9 1,395.3 1,520.2 1,543.9 2,448.1 2,364.0 2,358.4 2,208.9 2,269.0 2,290.4 2,261.1 2,230.3 2,149.8 1,889.9 1,639.7 1,560.3 1,780.6 1,610.5 1,505.2 529.5 456.9 411.1 392.2 357.4 339.4 299.5 154.6 147.2 47.9
Non-Current Assets
Property, Plant & Equipment 935 1,127.2 1,068.1 1,021 1,036.5 995.6 998.4 961.6 959.6 911.7 898.8 837.7 788.7 722.3 643.8 642.7 604.8 597.8 575.4 580.6 427.5 440.4 453.9 472.8 468.0 316.2 319.8 326.6 319.0 313.1 327.6 213.7 202.2 198.2 235.4 239.4 243.4 266.0 274.8 283.6 352.7 371.2 390.9 413.0 421.3 366.7 71.5 72.1 64.2 60.4 59.8 52.9 35.1 12.6 10.3 9.3
Goodwill 11,062.2 11,062.2 11,062.2 11,062.2 11,586.9 11,586.9 11,586.9 11,586.9 11,586.9 11,586.9 11,586.9 11,586.9 11,586.9 11,579 11,579 11,539 11,511.1 11,446.4 10,976.4 10,965.7 5,337.0 5,336.4 5,337.4 5,337.4 5,337.4 5,161.3 4,933.7 5,494.5 5,494.5 5,499.1 5,497.6 1,993.3 1,993.3 0 0 0 1,993.3 2,029.9 2,029.9 2,029.9 1,997.7 1,997.7 1,997.6 1,994.1 1,994.1 1,654.4 0 0 0 0 0 1,672.1 0 0 0 0
Intangible Assets 1,754.7 2,294.9 2,553.2 2,827.2 3,111.9 3,121.7 3,816.1 4,064 4,354.7 4,612.9 4,903.2 5,228.2 5,541.5 5,834.8 6,144.6 6,412.7 6,643.6 6,945.3 6,609.1 6,840.5 2,512.9 2,599.0 2,728.1 2,935.0 3,042.2 2,500.2 2,400.0 2,480.9 2,686.0 2,639.4 2,718.1 0 87.5 1,993.7 1,994.7 2,005.9 69.6 83.7 66.0 74.2 229.8 256.2 286.5 363.5 398.5 224.3 1,613.1 1,551.2 1,570.6 1,638.1 1,659.4 8.7 1,787.3 0 0 0
Long-Term Investments 0 144.2 73 48.6 48.2 49.4 50.4 50.5 45.8 44.1 35.7 36 36.1 35.7 36 34.9 30.7 26.8 36.5 35.3 7.6 0 0 0 0 0 0 0 0 0 0 0 2.2 0 0 0 10.4 14.5 14.8 14.8 39.3 39.7 114.8 0 40.5 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1,726.9 1,034.5 907 821.2 899.5 738.7 730.2 853.3 906.9 826.1 857.4 773.3 821.9 719.2 533.2 478.7 331.5 228.8 215.6 194.4 190.3 142.8 129.4 117.9 108.3 439.0 426.3 403.2 109.6 260.2 275.6 209.3 38.4 131.9 148.4 122.0 14.9 62.4 64.0 67.9 132.1 136.8 22.5 172.9 144.7 151.8 40.4 49.2 49.3 31.1 18.2 18.0 16.0 3.7 3.5 0.3
Total Non-Current Assets 15,824.7 16,066.5 16,073.4 16,186.1 17,084.2 16,898.8 17,529.5 17,843.3 18,165.8 18,741.2 18,982.9 19,070.3 19,241 19,342.8 19,247.1 19,439.8 19,615.2 19,774.0 18,930.2 19,342.1 9,147.8 9,165.4 9,294.4 9,502.6 9,595.7 8,416.7 8,079.7 8,705.3 8,621.5 8,711.8 8,818.9 2,416.2 2,344.3 2,323.8 2,378.5 2,367.2 2,358.2 2,493.3 2,486.4 2,507.3 2,751.6 2,801.5 2,853.9 2,943.5 2,999.1 2,397.3 1,725.0 1,672.5 1,684.2 1,729.6 1,737.5 1,751.6 1,838.4 16.2 13.8 9.6
Total Assets 22,285.3 21,579 20,586.3 20,023.7 20,204.5 19,715.6 20,293.4 20,491 21,228.5 21,714.4 21,750.1 22,273.2 22,522.1 22,522.1 22,162.1 22,038.7 22,108.6 22,018.8 20,838.6 21,229.9 10,764.9 10,824.8 10,926.5 10,981.5 11,133.2 10,303.3 9,981.1 10,048.2 10,016.8 10,232.0 10,362.8 4,864.3 4,708.3 4,682.2 4,587.4 4,636.2 4,648.6 4,754.4 4,716.7 4,657.1 4,641.5 4,441.2 4,414.2 4,724.1 4,609.6 3,902.4 2,254.5 2,129.4 2,095.3 2,121.8 2,094.9 2,091.1 2,137.9 170.8 161.1 57.5
Current Liabilities
Account Payables 1,073.8 633.7 610.7 562.7 622.2 538.1 453.4 320.9 411.3 419.1 412.8 388.4 465.8 476.2 490.3 553.1 461.5 440.6 370.5 304.4 252.4 224.1 238.5 185.7 213.7 213.0 211.4 191.2 185.4 209.6 196.3 157.0 145.2 166.1 153.9 179.0 143.5 183.3 212.9 193.7 268.5 167.0 139.0 237.0 168.1 199.7 77.9 62.3 47.7 63.1 36.9 31.0 24.5 14.9 10.2 10.1
Short-Term Debt 499.8 631 499.3 1,255.2 129.5 129.4 129.3 118.3 107.3 96.3 1,018.6 1,517.6 584.4 584 653.5 74.1 63.2 52.2 41.4 223.6 199.6 349.0 448.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.9 0 19.4 6.8 6.3 5.0 1.3 1.2 1.0 0 0.1 0.1 0.1
Deferred Revenue 0 682.7 41.3 31.8 22.1 34.5 39.2 33.9 43.2 56.9 44.6 44.4 45.2 47 28.9 38.4 39 234.6 215.4 178.7 16.1 152.3 130.6 106.4 117.1 117.0 123.0 131.9 142.4 124.6 109.7 1.9 61.2 74.9 70.1 74.1 64.0 63.7 72.0 54.5 42.0 47.8 57.9 62.0 59.7 31.7 12.4 11.3 12.5 13.6 11.8 8.9 5.1 0.6 0.6 0.1
Other Current Liabilities 1,337.1 203.3 224.7 215 331.9 272 259.8 261.7 360.9 379.8 252.3 278.1 366.5 382.9 327.9 245.1 321 289.4 238.2 227.9 276.8 235.8 197.6 176.9 211.6 135.7 96.3 122.4 129.4 141.6 131.3 105.6 127.7 129.0 132.3 132.9 145.5 132.1 106.5 128.8 0 0 0 37.0 0 28.0 7.5 5.1 2.2 19.2 19.7 17.7 25.8 6.8 6.3 6.4
Total Current Liabilities 3,220.5 2,736.7 2,399.3 2,941.4 2,026.8 1,763.6 1,546.5 1,467.7 1,814.2 1,879.6 2,685.2 3,061.4 2,386.7 2,420.2 2,155.8 1,554.1 1,388.6 1,237.5 1,084.4 1,160.1 1,077.1 1,168.1 1,224.8 690.6 710.2 654.5 620.7 647.4 636.8 656.2 608.2 444.6 421.1 478.1 462.6 540.3 496.4 503.2 504.5 484.7 609.1 532.2 409.6 555.6 511.7 419.4 168.9 115.0 93.3 135.8 108.7 84.5 66.0 32.1 26.1 21.5
Non-Current Liabilities
Long-Term Debt 3,970.8 4,145.6 3,967.9 2,977.4 3,934.3 3,965.5 3,996.5 4,027.6 4,058.6 4,089.6 3,134.5 3,154.9 3,907.7 3,927.6 3,947.4 4,465.3 4,484.8 4,504.3 4,662.8 4,674.9 993.2 992.8 992.4 1,439.9 1,439.0 2,036.4 1,685.4 1,684.3 1,732.7 1,805.7 1,878.6 0 0 0 0 0 0 0 0 0 0 0 123.4 288.8 389.8 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 33.9 33.3 34.2 33.8 46.3 35.2 51.5 58.7 73.2 71.6 69.8 64.2 45.9 35.6 39.7 34.5 56.3 22.5 253.8 22.4 37.6 36.6 33.3 31.2 214.5 243.0 250.1 246.3 108.0 114.3 52.3 52.2 51.1 52.6 50.9 38.8 0 0 0 0 0 0 0 112.8 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 785.6 351.2 505.8 528.8 551.6 364.1 303.1 268.9 269.6 241.6 276.7 302.8 324.7 378.6 361.4 377.4 358.3 383.5 181.6 134.4 132.1 124.9 134.6 154.9 158.5 232.1 228.3 236.3 94.6 86.8 96.6 81.9 93.5 92.0 98.2 83.3 85.8 70.7 53.1 72.6 173.9 161.5 49.7 169.7 53.8 146.5 43.6 41.9 38.1 6.1 7.1 6.8 5.2 0 0 22.5
Total Non-Current Liabilities 4,756.4 4,785.7 4,765.3 3,769.6 4,750.7 4,579.1 4,542 4,544.6 4,582.9 4,601.4 3,675.4 3,717.9 4,498.2 4,542.9 4,476.1 5,019.6 5,017.9 5,095.0 5,013.0 5,214.5 1,252.0 1,267.1 1,284.1 1,755.3 1,744.5 2,483.0 2,156.7 2,170.7 2,073.5 2,000.5 2,089.6 134.2 145.7 143.2 150.8 134.1 124.6 70.7 53.1 72.6 175.4 163.5 175.5 461.8 560.1 170.3 56.1 56.3 51.8 15.2 16.8 16.8 5.2 0 0.0 22.5
Total Liabilities 7,976.9 7,522.4 7,164.6 6,711 6,777.5 6,342.7 6,088.5 6,012.3 6,397.1 6,481 6,360.6 6,779.3 6,884.9 6,963.1 6,631.9 6,573.7 6,406.5 6,332.5 6,097.4 6,374.6 2,329.1 2,435.2 2,508.9 2,445.9 2,454.7 3,137.4 2,777.3 2,818.1 2,710.3 2,656.7 2,697.8 578.8 566.9 621.3 613.4 674.4 621.0 574.0 557.6 557.3 784.5 695.7 585.1 1,017.4 1,071.9 589.7 225.0 171.3 145.1 151.0 125.5 101.3 71.2 32.1 26.1 44.0
Stockholders' Equity
Common Stock 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.6 1.6 1.4 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.2 1.2 1.2 1.2 1.2 1.2 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1
Retained Earnings 1,355.8 1,010.5 (840) (983.1) (1,109.2) (1,257.5) (529.3) (284.1) (16.7) 427.9 644 903.2 1,123.5 1,190.2 1,228 1,274.8 1,491.4 1,535.9 1,648.9 1,974.6 2,103.4 2,127.4 2,190.5 2,388.5 2,541.3 808.7 931.4 1,028.6 1,116.5 1,416.7 1,509.9 1,542.4 1,409.5 1,390.4 1,219.7 1,084.5 1,009.8 1,120.4 1,078.5 1,057.8 (596.7) (655.2) (543.7) (549.6) (621.0) (435.9) (706.5) (715.9) (720.3) (688.4) (679.0) (648.1) (548.2) 6.6 4.9 4.2
Accumulated Other Comprehensive Income 0 0.4 0.6 (0.1) 0.4 (0.3) (0.4) 0.4 1.1 (1.4) (1) (0.9) 0 (0.8) 0 0 0 0 0 0 0 0 0.5 0.9 0 0.0 0 0 0 0 0 (2.4) (2.3) (0.2) 0.9 (0.2) 0.0 1.6 4.0 2.2 (0.7) (2.7) (0.7) (1.3) (1.1) (0.1) (8.4) (3.0) (3.9) (9.4) (7.4) (9.2) (14.3) (10.5) (13.2) (15.4)
Total Stockholders' Equity 14,308.4 14,056.6 13,421.7 13,312.7 13,427 13,372.9 14,204.9 14,478.7 14,831.4 15,233.4 15,389.5 15,493.9 15,637.2 15,559 15,530.2 15,465 15,702.1 15,686.3 14,741.2 14,855.4 8,435.8 8,389.6 8,417.5 8,535.6 8,678.6 7,165.8 7,203.8 7,230.1 7,306.4 7,575.3 7,665.1 4,285.5 4,141.4 4,060.9 3,974.1 3,961.8 4,027.7 4,180.5 4,159.1 4,099.8 3,857.1 3,745.6 3,829.1 3,706.7 3,537.7 3,312.8 2,029.6 1,958.1 1,950.1 1,970.8 1,969.4 1,989.7 2,066.7 138.7 134.9 13.6
Total Liabilities & Equity 22,285.3 21,579 20,586.3 20,023.7 20,204.5 19,715.6 20,293.4 20,491 21,228.5 21,714.4 21,750.1 22,273.2 22,522.1 22,522.1 22,162.1 22,038.7 22,108.6 22,018.8 20,838.6 21,229.9 10,764.9 10,824.8 10,926.5 10,981.5 11,133.2 10,303.3 9,981.1 10,048.2 10,016.8 10,232.0 10,362.8 4,864.3 4,708.3 4,682.2 4,587.4 4,636.2 4,648.6 4,754.4 4,716.7 4,657.1 4,641.5 4,441.2 4,414.2 4,724.1 4,609.6 3,902.4 2,254.5 2,129.4 2,095.3 2,121.8 2,094.9 2,091.1 2,137.9 170.8 161.1 57.5
Debt Metrics
Total Debt 4,470.6 5,031.6 4,776.3 4,512 4,343.1 4,341.3 4,373.9 4,380.6 4,401.3 4,422.4 4,388.1 4,906.3 4,737.5 4,744 4,770 4,713.4 4,726.5 4,749.2 4,889.7 5,088.6 1,329.7 1,485.7 1,592.9 1,597.2 1,583.5 2,064.8 1,712.2 1,684.3 1,732.7 1,805.7 1,878.6 0 0 0 0 0 0 0 0 0 3.4 3.8 127.6 294.0 395.3 43.2 19.3 20.7 18.8 10.4 10.8 11.1 0 0.1 0.1 0.1
Net Debt 1,831.8 3,003.2 3,551.9 3,626.1 3,394.8 3,473.2 3,565.2 3,532.9 3,450.5 3,696.8 3,964.7 3,878 3,826.5 4,020.6 4,152.9 4,248.4 4,113 4,225.7 4,330.1 4,566.1 581.2 653.7 761.4 929.6 935.9 1,626.4 1,138.7 1,112.4 1,150.3 1,195.5 1,380.0 (1,167.3) (888.5) (800.1) (630.5) (726.0) (814.1) (751.6) (718.8) (780.2) (1,251.4) (1,055.4) (799.8) (565.3) (348.8) (796.2) (189.4) (138.6) (106.5) (98.5) (103.4) (103.4) (145.8) (115.8) (112.2) (15.6)
Metric 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2
Operating Activities
Net Income 396.1 1,901.3 194.8 177.9 200.2 (676.3) (193.3) (215.6) (392.7) (164.3) (207.5) (168.9) (15.4) 13.3 4.3 (165.7) 6.2 (62.6) (276.4) (88.2) 16.5 (22.9) (157.9) (113.0) 1,772.7 (82.5) (57.3) (48.5) (260.7) (53.8) 6.8 128.6 48.8 154.0 131.2 98.5 (80.1) 72.6 51.3 (22.7) 43.6 28.6 14.5 9.4 4.4 (24.2) (7.7) (9.3) (30.9) (99.9) (105.1) (105.2) (105.0) (239.6) 1.8 0.6
Depreciation & Amortization 317 315.9 327.8 329.9 325.9 341.5 352 337.5 360.1 341.9 347.3 348.4 351.1 344.3 348.7 348.2 371.0 350.9 342.9 180.4 157.7 157.3 163.2 163.4 144.5 128.8 118.9 118.4 116.3 118.0 52.7 20.3 21.3 22.5 21.5 21.8 28.6 30.0 29.8 30.1 31.9 31.0 30.5 31.0 27.9 53.3 29.3 28.4 27.5 112.0 112.9 112.7 112.1 11.5 3.2 3.2
Stock-Based Compensation 143 152.1 153.6 142.1 147.6 158.4 154.9 136.5 155.3 158.5 152.8 143.2 130.7 146.1 144.5 131.1 134.8 119.1 114.1 92.7 59.5 59.8 62.6 59.7 53.2 66.8 63.7 58.6 50.6 50.2 59.4 23.9 21.4 18.9 22.4 24.0 24.1 28.3 37.2 24.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 40.9 32.1 (246.4) (342.8) (182.5) 229.8 16 65.8 (26.3) 204.9 (122.7) 1.9 (134.2) (12.6) (203.2) (299.8) (155.2) (166.5) (120.1) (221.1) (55.1) 48.8 39.8 34.5 (94.0) (55.0) (62.2) 20.3 (33.8) 74.5 (69.4) (45.7) 15.3 20.2 (69.1) (10.6) 52.1 (9.7) (59.8) (689.6) (5.4) (6.5) (17.0) (2.4) 6.9 (8.4) (9.7) (17.0) 13.3 24.6 (7.3) 0.6 3.0 (3.6) (1.1) (1.2)
Other Non-Cash Items (567.7) (1,826.1) 36.7 30.1 28.5 530.8 12.9 22.5 15.7 19 30.2 22.9 22.5 44.7 23.8 16 15.9 39.8 190.6 45.1 (20.3) 13.8 121.0 28.7 (1,043.3) 17.6 12.1 12.6 87.9 116.7 34.7 0.9 (4.0) 0.7 (7.1) (0.3) 94.1 0.1 2.1 0.9 2.4 0 0 0 0 (3.7) 0 0 0 (5.5) 0 0 0 233.9 0 0
Operating Cash Flow 373.7 582.3 461.6 332.9 514 536.3 306.4 324.5 546.6 503 112.5 208.4 351.5 411 331.5 194.8 346.3 264.7 222.1 (13.7) 158.3 257.5 225.8 175.6 55.8 65.5 73.1 165.8 106.6 299.4 61.9 128.8 119.7 216.2 101.0 134.2 118.8 121.5 59.3 (658.0) 72.5 53.1 28.0 38.0 39.2 17.0 12.0 2.1 9.8 31.2 0.5 8.2 10.1 2.3 3.9 2.6
Investing Activities
Capital Expenditure (114.3) (73.5) (48.6) (119.9) (70.7) (75.5) (53.4) (92) (81.6) (54.7) (111.3) (102.6) (56) (47.6) (75.2) (38.5) (47.3) (79.5) (35.4) (24.8) (22.8) (37.1) (20.6) (39.0) (21.8) (21.2) (23.0) (20.7) (29.2) (22.6) (21.7) (13.9) (14.7) (14.2) (5.4) (10.8) (8.7) (13.7) (16.5) (15.9) (10.0) (6.6) (7.1) (6.9) (7.0) (5.8) (6.5) (5.7) (10.8) (9.8) (5.1) (2.6) (7.1) (4.2) (3.3) (2.0)
Acquisitions 0 0 0 0 0 0 0 0 5.5 0 (5.5) 0 (9.3) (4.4) (54.6) (44) (15.2) 60.4 0 (3,600.2) 0 0 0 0 1,105.3 (477.6) 0 0 0 0 0 0 0 6.1 51.7 23.0 (0.3) 0.3 0 0 0 0 0 0 0 0 0 0 0 (0.0) (0.1) (0.2) (29.1) 0 0 0
Purchases of 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 (1.5) (38.5) (237.6) (371.7) (252.8) (273.4) (221.0) (215.1) (185.4) (143.4) (96.0) (146.7) (56.3) (50.6) (4.2) (45.6) (7.4) (24.1) (20.5) (80.4) (29.2) (1.0) (8.0) 0 0 0
Sales/Maturities of 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 18.8 0 0 0 25 687.8 274.1 218.3 378.5 200.3 236.0 274.2 220.5 116.5 370.1 0 0 40.9 44.0 4.4 34.0 12.5 16.5 12.5 8.8 6.0 2.0 11.0 0 0 0
Other Investing Activities (7.8) 2,464.7 (29.7) 24.7 (0.4) (0.5) (4.8) (10.4) (10.7) (0.2) (0.4) (2.9) (0.9) (4.8) (2.7) (1.5) (9.0) (2.8) (6.1) (3) (4.6) (2.2) (3.0) (3.0) (2.0) (1.8) (0.1) (1.8) 44.6 (13.9) (2,648.9) (5.3) 9.2 90.4 (6.9) 6.9 (1.9) (0.4) (4.0) (4.0) 17.1 25.2 (0.8) (1.2) (0.5) (0.4) 0 1.1 0 (1.4) (2.6) (1.9) (0.7) 68.5 3.1 (0.0)
Investing Cash Flow (122.1) 2,391.2 (77.2) (94.1) (70.3) (75.5) (53) (101.9) (76.2) (54.6) (117) (102.7) (64.2) (51.9) (129.9) (82.4) (63.1) (19.2) (38.3) (3,624.6) (23.1) (37.5) (20.6) (38.4) 1,084.3 (481.3) (23.1) (21.0) 15.7 (1.6) (1,983.4) 216.7 (23.5) 92.8 (12.5) (17.3) 44.3 (8.1) (85.4) 210.8 (88.9) (128.2) (23.3) (14.8) (7.2) (17.9) (1.4) (12.3) (18.8) (82.9) (31.0) (3.8) (33.9) 64.4 (0.2) (2.0)
Financing Activities
Net Debt Issuance 0 54.3 240.8 167.2 (32.8) (32.8) (21.9) (21.9) (21.9) 38.4 (521.8) 178.1 (21.8) (91.9) 59 (10.9) (10.9) (151.2) (109.8) 3,460 (150) (100) 0 0 (600) 350 0 (50) (75) (75) 1,247.6 0 0 0 0 0 0 0 0 0 (3.6) (2.9) (2.5) (1.4) (1.0) (0.7) (0.5) (0.5) (0.2) (0.3) 0 (0.0) (0.0) 99.5 (0.0) (0.0)
Stock Repurchased (200.1) (1,300) (200) (340) (200) (200) (175) (150) (100) (50) 0 0 0 (50) (50) (15) 0 0 0 0 0 0 0 (25.2) (300) 0 (16.2) (48.0) (50.0) (54.0) 0 0 0 (140.0) (221.3) (166.3) (125.0) (56.5) 0 0 0 0 0 0 0 0 (0.0) 0 (0.0) (0.0) 0 (0.0) (0.1) (97.8) 0 0
Dividends Paid (50.8) (50.8) (51.7) (51.8) (51.9) (51.9) (51.9) (51.8) (51.9) (51.8) (51.7) (51.4) (51.3) (51.1) (51.1) (50.9) (50.7) (50.4) (49.3) (40.6) (40.5) (40.2) (40.1) (39.8) (40.1) (40.1) (39.9) (39.5) (39.5) (39.4) (39.4) (29.8) (29.7) (29.5) (30.1) (30.0) (30.5) (30.7) (30.7) (30.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (76.4) (186.9) (35) (76.6) (78.8) (116.7) (43.6) (102) (71.4) (82.8) (26.9) (115.1) (26.6) (59.8) (7.4) (184.1) (131.5) (80) 12.4 (7.1) (28.3) (79.3) (1.1) (52.4) 9.2 (29.2) 7.7 (17.8) 14.3 (17.8) 11.2 (36.9) 21.8 30.1 67.4 (8.7) 54.9 6.7 (4.7) (20.2) 0 0 0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow (327.3) (1,483.4) (45.9) (301.2) (363.5) (401.4) (292.4) (325.7) (245.2) (146.2) (600.4) 11.6 (99.7) (252.8) (49.5) (260.9) (193.2) (281.6) (146.7) 3,412.3 (218.7) (219.5) (41.3) (117.3) (930.9) 280.7 (48.4) (155.3) (150.2) (186.2) 1,252.9 (66.7) (7.9) (139.4) (184.0) (205.0) (100.6) (80.5) (35.4) (50.7) 33.9 30.1 16.8 26.2 2.0 6.6 0.2 4.8 8.7 20.4 2.1 8.6 0.9 1.7 (0.1) 96.0
Cash Position
Net Change in Cash (75.7) 1,490.1 338.5 (62.4) 80.2 59.4 (39) (103.1) 225.2 302.2 (604.9) 117.3 187.6 106.3 152.1 (148.5) 90.0 (36.1) 37.1 (226) (83.6) 0.5 164.0 19.9 209.2 (135.1) 1.6 (10.5) (27.9) 111.6 (668.6) 278.8 88.4 169.6 (95.5) (88.1) 62.5 32.8 (61.5) (498.0) 17.6 (95.4) 21.5 49.4 34.0 5.7 10.7 (5.4) (0.2) (31.3) (28.4) 12.9 (22.9) 68.3 3.5 96.6
Cash at Beginning 2,714.5 1,224.4 885.9 948.3 868.1 808.7 847.7 950.8 725.6 423.4 1,028.3 911 723.4 617.1 465 613.5 523.5 559.6 522.5 748.5 832.0 831.5 667.5 647.6 438.4 573.5 571.9 582.4 610.3 498.7 1,167.3 888.5 800.1 630.5 726.0 814.1 751.6 718.8 780.2 1,278.2 150.5 245.9 224.4 159.3 125.3 119.6 108.9 114.3 114.5 145.8 174.2 161.3 184.1 115.8 112.3 15.7
Cash at End 2,638.8 2,714.5 1,224.4 885.9 948.3 868.1 808.7 847.7 950.8 725.6 423.4 1,028.3 911 723.4 617.1 465 613.5 523.5 559.6 522.5 748.5 832.0 831.5 667.5 647.6 438.4 573.5 571.9 582.4 610.3 498.7 1,167.3 888.5 800.1 630.5 726.0 814.1 751.6 718.8 780.2 168.1 150.5 245.9 208.7 159.3 125.3 119.6 108.9 114.3 114.5 145.8 174.2 161.3 184.1 115.8 112.3
Free Cash Flow 259.4 508.8 413 213 443.3 460.8 253 232.5 465 448.3 1.2 105.8 295.5 363.4 256.3 156.3 299.1 185.2 186.7 (38.5) 135.5 220.5 205.2 136.6 34.1 44.3 50.1 145.1 77.4 276.8 40.2 114.8 105.0 202.0 95.6 123.3 110.2 107.7 42.8 (673.9) 62.5 46.5 20.9 31.1 32.3 11.1 5.5 (3.6) (1.0) 21.4 (4.6) 5.6 3.0 (1.9) 0.6 0.6
Key Metrics 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1
Income Statement
Revenue 2,218.7 2,074.5 2,006.1 1,895.3 1,817.4 1,516.1 1,272.9 1,160.9 1,426.5 1,418.6 1,340.9 1,321.7 1,418.5 1,537.3 1,516.9 1,446.9 1,343.0 1,211.2 1,075.9 832.3 797.8 750.1 727.3 693.6 717.7 662.5 656.6 662.5 744.8 851.1 665.3 604.6 615.4 616.3 604.8 579.2 571.4 654.4 626.4 519.4 857.5 930.1 961.5 957.8 931.7 931.2 807.1 734.4 775.3 780.9 816.1 796.4 742.7 950.4 897.5 802.4 900.5 959.3 896.5 855.6 842.5 803.1 640.6 521.4 512.9 791.0 842.6 804.1 844.7 758.2 656.7 635.0 622.0 520.4 574.0 521.2 489.0 426.0 390.5 364.8 340.3 317.6 297.2 269.6 243.3 215.3 192.9 168.3 150.8 119.7 82.8 68.6 45.8 32.2 29.7
Gross Profit 1,073.1 1,069.8 1,010.6 952.4 917.4 349.4 587.6 527.8 664.1 551.2 521.1 557.2 673.3 777.3 786 750.9 686.4 587.8 371.8 418.2 421.1 381.1 359.3 326.9 304.7 340.1 350.7 361.4 322.0 383.6 377.1 375.7 373.5 377.8 365.2 348.6 321.3 367.7 337.9 275.0 0 475.2 483.8 464.0 454.5 466.2 421.0 398.9 404.5 406.4 434.3 430.0 401.6 538.3 519.4 467.9 528.7 568.5 529.8 511.6 502.7 461.5 352.6 263.8 260.1 411.9 436.7 415.2 406.0 362.0 321.2 307.6 297.1 264.3 294.9 281.0 268.4 228.9 206.8 189.5 177.5 167.3 156.2 141.7 127.0 114.5 103.9 92.2 80.5 63.7 47.1 37.2 24.1 17.1 16.5
Operating Income 413.9 357.8 290.1 270.6 235.2 (702.8) (100.4) (152.3) (33.3) (146.3) (205.7) (182.4) 23.3 105.8 39.1 69.8 34.7 (33.4) (266.7) (82.3) (1.7) (9.4) (151.3) (96.0) (96.0) (42.9) (29.6) (15.4) (40.3) 16.7 55.3 126.6 125.2 149.5 125.8 99.8 (16.8) 85.3 41.1 (20.1) 79.8 115.5 120.5 93.0 90.6 95.2 52.0 42.9 43.6 66.8 90.3 93.9 70.0 191.4 194.6 148.1 215.7 259.0 218.1 208.4 205.8 170.1 67.5 (109.3) (69.3) 72.8 79.1 82.5 (20.9) (6.4) (40.0) (38.2) (137.5) 5.7 55.9 77.0 106.3 100.4 83.8 69.3 60.7 49.2 33.6 18.3 23.8 15.0 11.9 6.4 (23.1) (9.3) (101.3) (107.1) (240.5) 0.0 2.5
Net Income 396.1 1,901.3 194.8 177.9 200.2 (676.3) (193.3) (215.6) (392.7) (164.3) (207.5) (168.9) (15.4) 13.3 4.3 (165.7) 6.2 (62.6) (276.4) (88.2) 16.5 (22.9) (157.9) (113.0) 1,772.7 (82.5) (57.3) (48.5) (260.7) (53.8) 6.8 128.6 48.8 200.2 131.2 98.5 (80.1) 72.6 51.3 (22.7) 81.7 115.3 138.9 99.5 97.1 103.2 61.8 53.2 50.2 68.8 93.1 94.5 80.7 195.1 192.4 146.9 222.9 255.7 219.8 205.8 204.8 201.6 58.5 (111.5) (65.0) 70.9 71.4 69.9 1.3 (6.4) (56.5) (52.8) (140.6) 6.0 44.9 77.6 97.5 93.0 77.3 63.5 54.9 43.6 28.6 14.5 19.8 12.0 9.4 4.4 (24.2) (9.3) (99.9) (105.2) (239.6) 0.6 2.1
EPS (Diluted) 0.46 2.19 0.22 0.20 0.23 -0.78 -0.22 -0.25 -0.45 -0.19 -0.24 -0.20 -0.02 0.02 0.01 -0.20 0.01 -0.08 -0.34 -0.13 0.02 -0.03 -0.24 -0.17 2.62 -0.12 -0.09 -0.07 -0.40 -0.08 0.01 0.25 0.10 0.40 0.26 0.19 -0.16 0.14 0.10 -0.04 0.16 0.22 0.27 0.19 0.20 0.21 0.12 0.11 0.09 0.12 0.16 0.16 0.13 0.32 0.31 0.22 0.33 0.38 0.33 0.30 0.31 0.31 0.09 -0.18 -0.10 0.11 0.11 0.11 0.00 -0.01 -0.10 -0.09 -0.24 0.01 0.07 0.12 0.15 0.15 0.13 0.10 0.09 0.07 0.05 0.03 0.04 0.02 0.02 0.01 -0.05 -0.02 -0.22 -0.23 -0.90 0.00 0.01
Balance Sheet
Cash & Equivalents 2,638.8 2,028.4 1,224.4 885.9 948.3 868.1 808.7 847.7 950.8 725.6 423.4 1,028.3 911 723.4 617.1 465 613.5 523.5 559.6 522.5 748.5 832.0 831.5 667.5 647.6 438.4 573.5 571.9 582.4 610.3 498.7 1,167.3 888.5 800.1 630.5 726.0 814.1 751.6 718.8 780.2 1,254.8 1,059.2 927.4 859.3 744.1 839.4 208.7 159.3 125.3 108.9 114.3 114.5 145.8 115.8 112.3 15.7
Total Assets 22,285.3 21,579 20,586.3 20,023.7 20,204.5 19,715.6 20,293.4 20,491 21,228.5 21,714.4 21,750.1 22,273.2 22,522.1 22,522.1 22,162.1 22,038.7 22,108.6 22,018.8 20,838.6 21,229.9 10,764.9 10,824.8 10,926.5 10,981.5 11,133.2 10,303.3 9,981.1 10,048.2 10,016.8 10,232.0 10,362.8 4,864.3 4,708.3 4,682.2 4,587.4 4,636.2 4,648.6 4,754.4 4,716.7 4,657.1 4,641.5 4,441.2 4,414.2 4,724.1 4,609.6 3,902.4 2,254.5 2,129.4 2,095.3 2,121.8 2,094.9 2,091.1 2,137.9 170.8 161.1 57.5
Total Debt 4,470.6 5,031.6 4,776.3 4,512 4,343.1 4,341.3 4,373.9 4,380.6 4,401.3 4,422.4 4,388.1 4,906.3 4,737.5 4,744 4,770 4,713.4 4,726.5 4,749.2 4,889.7 5,088.6 1,329.7 1,485.7 1,592.9 1,597.2 1,583.5 2,064.8 1,712.2 1,684.3 1,732.7 1,805.7 1,878.6 0 0 0 0 0 0 0 0 0 3.4 3.8 127.6 294.0 395.3 43.2 19.3 20.7 18.8 10.4 10.8 11.1 0 0.1 0.1 0.1
Stockholders' Equity 14,308.4 14,056.6 13,421.7 13,312.7 13,427 13,372.9 14,204.9 14,478.7 14,831.4 15,233.4 15,389.5 15,493.9 15,637.2 15,559 15,530.2 15,465 15,702.1 15,686.3 14,741.2 14,855.4 8,435.8 8,389.6 8,417.5 8,535.6 8,678.6 7,165.8 7,203.8 7,230.1 7,306.4 7,575.3 7,665.1 4,285.5 4,141.4 4,060.9 3,974.1 3,961.8 4,027.7 4,180.5 4,159.1 4,099.8 3,857.1 3,745.6 3,829.1 3,706.7 3,537.7 3,312.8 2,029.6 1,958.1 1,950.1 1,970.8 1,969.4 1,989.7 2,066.7 138.7 134.9 13.6
Cash Flow
Operating Cash Flow 373.7 582.3 461.6 332.9 514 536.3 306.4 324.5 546.6 503 112.5 208.4 351.5 411 331.5 194.8 346.3 264.7 222.1 (13.7) 158.3 257.5 225.8 175.6 55.8 65.5 73.1 165.8 106.6 299.4 61.9 128.8 119.7 216.2 101.0 134.2 118.8 121.5 59.3 (658.0) 72.5 53.1 28.0 38.0 39.2 17.0 12.0 2.1 9.8 31.2 0.5 8.2 10.1 2.3 3.9 2.6
Capital Expenditure (114.3) (73.5) (48.6) (119.9) (70.7) (75.5) (53.4) (92) (81.6) (54.7) (111.3) (102.6) (56) (47.6) (75.2) (38.5) (47.3) (79.5) (35.4) (24.8) (22.8) (37.1) (20.6) (39.0) (21.8) (21.2) (23.0) (20.7) (29.2) (22.6) (21.7) (13.9) (14.7) (14.2) (5.4) (10.8) (8.7) (13.7) (16.5) (15.9) (10.0) (6.6) (7.1) (6.9) (7.0) (5.8) (6.5) (5.7) (10.8) (9.8) (5.1) (2.6) (7.1) (4.2) (3.3) (2.0)
Free Cash Flow 259.4 508.8 413 213 443.3 460.8 253 232.5 465 448.3 1.2 105.8 295.5 363.4 256.3 156.3 299.1 185.2 186.7 (38.5) 135.5 220.5 205.2 136.6 34.1 44.3 50.1 145.1 77.4 276.8 40.2 114.8 105.0 202.0 95.6 123.3 110.2 107.7 42.8 (673.9) 62.5 46.5 20.9 31.1 32.3 11.1 5.5 (3.6) (1.0) 21.4 (4.6) 5.6 3.0 (1.9) 0.6 0.6