Motorola Solutions, Inc. logo MSI - Motorola Solutions, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 24
HOLD 6
SELL 4
STRONG
SELL 0
| PRICE TARGET: $496.67 DETAILS
HIGH: $530.00
LOW: $450.00
MEDIAN: $502.50
CONSENSUS: $496.67
UPSIDE: 21.09%
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 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 2,714 3,380 3,009 2,765 2,528 3,011 2,790 2,628 2,389 2,849 2,556 2,403 2,171 2,707 2,373 2,140 1,892 2,320 2,107 1,971 1,773 2,273 1,868 1,618 1,655 2,376 1,994 1,860 1,657 2,254 1,862 1,760 1,468 1,957 1,645 1,497 1,281 1,883 1,532 1,430 1,193 1,682 1,422 1,368 1,223 1,823 1,436 1,393 1,228 2,504 1,517 1,497 1,973 2,441 2,153 2,148 1,956 2,234 2,085 1,984 1,834 5,663 1,908 1,936 1,740 5,723 4,336 5,497 5,371 7,136 7,480 8,082 7,448 9,646 8,811 8,732 9,433 11,792 10,603 10,820 9,608 10,433 9,048 8,408 8,161 5,438 7,499 7,541 7,441 8,023 6,163 7,546 6,741 7,324 7,522 7,683 10,064 9,493 9,255 8,768
Cost of Revenue 1,427 1,733 1,507 1,352 1,228 1,462 1,357 1,289 1,197 1,394 1,276 1,214 1,125 1,356 1,342 1,150 1,035 1,137 1,062 1,019 913 1,127 959 852 868 1,156 987 929 884 1,166 961 938 799 987 851 807 711 955 770 754 691 844 737 720 675 911 751 737 651 1,291 752 747 1,018 1,213 1,066 1,088 983 1,089 1,030 977 910 3,630 944 971 887 3,680 2,897 3,787 3,875 5,014 5,677 5,757 5,303 7,106 6,306 6,279 6,979 8,724 7,229 7,463 6,677 7,231 6,119 5,651 5,505 4,101 4,926 4,938 5,075 5,372 4,155 5,046 4,518 5,035 5,434 6,117 6,790 6,130 5,513 5,195
Gross Profit 1,287 1,647 1,502 1,413 1,300 1,549 1,433 1,339 1,192 1,455 1,280 1,189 1,046 1,351 1,031 990 857 1,183 1,045 952 860 1,146 909 766 787 1,220 1,007 931 773 1,088 901 822 669 970 794 690 570 928 762 676 502 838 685 648 548 912 685 656 577 1,213 765 750 955 1,228 1,087 1,060 973 1,145 1,055 1,007 924 2,033 964 965 853 2,043 1,439 1,710 1,496 2,122 1,803 2,325 2,145 2,540 2,505 2,453 2,454 3,068 3,374 3,357 2,931 3,202 2,929 2,757 2,656 1,337 2,573 2,603 2,366 2,651 2,008 2,500 2,223 2,289 2,088 1,566 3,274 3,363 3,742 3,573
Operating Expenses
R&D Expenses 252 270 237 231 233 246 234 220 218 218 215 215 210 202 197 191 188 189 183 181 180 181 175 161 168 182 172 170 162 165 158 162 152 155 141 138 135 142 137 138 135 152 153 156 159 165 166 176 174 273 183 195 262 290 262 269 254 260 270 260 239 641 262 269 258 793 621 775 847 1,008 999 1,048 1,054 1,097 1,100 1,115 1,117 1,117 1,027 1,035 964 1,161 882 878 853 104 771 748 725 932 951 957 944 1,023 1,086 1,172 1,144 1,171 1,107 1,015
SG&A Expenses 439 499 483 450 436 487 439 430 397 423 380 390 368 381 378 356 338 368 351 331 303 342 313 297 341 368 359 351 327 336 323 316 279 254 259 254 244 278 247 240 234 252 259 254 256 282 287 308 307 469 320 339 460 509 485 496 472 487 471 482 461 944 457 471 454 847 718 822 869 988 1,065 1,115 1,183 1,273 1,210 1,296 1,313 1,034 1,174 1,154 1,069 750 919 915 945 469 1,158 1,096 970 1,161 937 1,003 2,050 870 989 1,187 1,467 768 1,598 1,308
Other Expenses 0 0 0 40 49 2 49 45 58 76 46 66 69 77 83 85 92 77 60 70 79 68 69 90 19 80 63 61 55 71 126 71 67 49 47 37 18 105 37 74 33 45 42 (16) 14 1,923 25 34 (11) 58 16 13 17 6 16 17 15 120 60 106 55 70 34 64 21 240 111 103 229 1,801 191 157 177 189 205 200 390 164 205 (354) 4 (458) 48 6 (7) 17 0 (26) (14) 38 (51) 93 1,468 (345) 1,208 313 966 592 563 563
Operating Expenses 691 768 720 721 718 735 722 695 673 717 641 671 647 660 658 632 618 634 594 582 562 591 557 548 528 630 594 582 544 572 607 549 498 458 447 429 397 525 421 452 402 449 454 394 429 2,370 478 518 470 800 519 547 739 805 763 782 741 867 801 848 755 1,655 753 804 733 1,880 1,450 1,700 1,945 3,797 2,255 2,320 2,414 2,559 2,515 2,611 2,820 2,315 2,406 1,835 2,037 1,453 1,849 1,799 1,791 590 1,929 1,818 1,681 2,131 1,837 2,053 4,462 1,548 3,283 2,672 3,577 2,531 3,268 2,886
Operating Income
Operating Income 595 879 782 692 582 814 711 644 519 738 639 518 399 691 373 358 239 549 451 370 298 555 352 218 259 590 413 349 229 516 294 273 171 512 347 261 173 403 341 224 100 389 231 254 119 (1,458) 207 138 107 413 246 203 216 423 324 278 232 278 254 159 169 378 211 161 120 163 (11) 10 (449) (1,675) (452) 5 (269) (19) (10) (158) (366) 753 968 1,522 894 1,749 1,080 958 865 747 644 785 685 520 171 447 (2,239) 741 (1,195) (1,106) (303) 832 474 687
Interest Expense 111 122 103 71 69 74 73 87 61 63 60 63 63 60 62 59 58 55 58 46 56 58 60 60 55 59 60 59 60 62 62 63 54 51 55 55 54 56 58 59 53 54 47 42 43 45 38 34 30 32 33 38 30 29 29 25 25 27 31 40 34 53 48 56 60 39 62 49 62 0 52 74 78 0 0 0 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 7 7 17 16 18 18 15 18 17 11 7 6 9 6 2 3 2 1 2 2 2 5 2 2 3 4 6 3 5 3 3 5 8 4 3 4 3 8 4 5 4 3 4 3 3 4 7 5 5 4 4 6 5 9 13 9 11 12 13 19 14 22 19 21 27 21 13 19 27 0 70 64 76 0 0 0 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 752 1,035 956 837 697 948 852 750 54 878 738 637 519 833 501 471 388 686 568 496 455 689 414 334 378 356 507 430 340 620 421 386 276 606 429 346 254 493 427 308 137 468 276 297 212 (1,411) 234 178 159 483 324 230 287 493 398 318 322 388 361 191 297 547 325 270 256 419 62 274 (182) (1,284) (334) 228 25 271 285 145 33 750 1,202 1,692 1,052 1,977 1,262 1,081 1,013 727 809 944 846 971 533 1,050 (228) 421 82 (194) 833 1,424 1,037 1,250
EBIT 595 879 828 751 616 862 768 667 (29) 793 652 550 421 724 393 359 277 573 463 386 345 580 311 236 279 252 408 334 245 527 332 290 194 517 341 260 174 418 351 226 75 431 244 257 171 (1,453) 189 132 119 423 284 206 235 436 353 265 269 295 269 101 206 401 240 185 169 239 (43) 82 (372) (1,491) (542) 16 (179) 50 49 (82) (186) 595 1,060 1,558 925 1,817 1,080 958 865 727 644 785 685 541 129 544 (771) (212) (576) (865) 29 832 474 687
Income Before Tax 441 861 725 680 547 788 695 580 (90) 708 592 487 358 663 333 300 219 518 405 340 289 522 251 176 224 193 348 275 185 465 270 227 140 466 286 205 120 362 293 167 22 377 197 215 128 (1,498) 151 98 89 391 251 168 205 407 324 240 244 268 238 61 172 348 192 129 109 200 (105) 33 (434) (1,725) (594) (58) (257) 33 8 (104) (327) 684 1,155 1,723 1,048 1,720 2,260 1,391 1,087 809 693 741 734 746 112 280 (3,290) (1,853) (848) (591) 413 758 420 640
Income Tax Expense 73 211 161 165 115 176 132 135 (52) 111 127 114 79 73 53 71 (49) 116 97 46 44 109 45 40 26 (50) 80 67 33 42 22 46 23 1,039 73 73 42 118 100 59 5 99 71 64 40 (572) 84 20 4 48 (11) (59) 13 71 118 63 85 88 83 13 (189) 128 203 122 13 57 (25) (2) (146) 1,932 (203) (55) (67) (78) (32) (66) (109) 155 428 374 392 510 522 472 395 (497) 267 122 268 257 (7) 106 (969) (616) (89) (58) 278 227 216 192
Net Income 366 649 562 513 430 611 562 443 (39) 596 464 371 278 589 279 228 267 401 307 293 244 412 205 135 197 243 267 207 151 422 247 180 117 (575) 212 131 77 243 192 107 17 277 115 142 74 201 148 824 127 342 307 258 192 336 206 182 157 184 128 349 497 293 110 162 69 142 12 35 (231) (3,657) (397) 4 (194) 100 60 (28) (181) 623 968 1,384 686 1,202 1,751 933 692 647 479 (203) 609 489 119 174 (2,321) (1,237) (759) (533) 135 531 204 448
Per Share Data
EPS (Basic) 2.21 3.90 3.37 3.08 2.58 3.66 3.36 2.65 -0.23 3.58 2.78 2.21 1.61 3.52 1.67 1.36 1.59 2.38 1.81 1.73 1.44 2.43 1.21 0.79 1.15 1.38 1.60 1.25 0.92 2.58 1.52 1.11 0.73 -3.56 1.30 0.80 0.47 1.47 1.15 0.62 0.10 1.60 0.58 0.68 0.34 0.87 0.60 3.25 0.50 1.33 1.17 0.96 0.70 1.20 0.73 0.63 0.50 0.54 0.38 1.02 1.47 0.90 0.35 0.49 0.21 0.43 0.07 0.11 -0.71 -11.29 -1.23 0.01 -0.60 0.31 0.21 -0.09 -0.53 1.84 2.80 3.92 1.96 3.30 4.97 2.66 1.96 1.83 1.40 -0.60 1.82 1.45 0.35 0.52 -7.13 -3.93 -2.41 -1.70 0.43 1.68 0.63 1.47
EPS (Diluted) 2.18 3.86 3.33 3.04 2.53 3.56 3.29 2.60 -0.23 3.47 2.70 2.15 1.61 3.43 1.63 1.33 1.54 2.30 1.76 1.69 1.41 2.37 1.18 0.78 1.12 1.38 1.51 1.18 0.86 2.44 1.43 1.05 0.69 -3.56 1.25 0.78 0.45 1.43 1.13 0.61 0.10 1.57 0.57 0.68 0.34 0.87 0.59 3.22 0.49 1.31 1.16 0.94 0.68 1.18 0.72 0.61 0.49 0.54 0.38 1.00 1.44 0.90 0.35 0.49 0.21 0.43 0.07 0.11 -0.71 -11.29 -1.23 0.01 -0.60 0.31 0.21 -0.09 -0.53 1.84 2.73 3.85 1.89 3.30 4.83 2.59 1.96 1.83 1.40 -0.57 1.75 1.45 0.35 0.52 -7.13 -3.84 -2.41 -1.70 0.43 1.61 0.63 1.40
Shares Outstanding 165.8 166.2 166.6 166.8 166.9 167.1 167.1 166.9 166.3 166.1 166.7 167.5 172.6 167.4 167.2 167.2 168 168.8 169.2 169.6 169.3 169.5 169.7 170 170.6 170.5 166.7 164.9 164 163.5 162.6 162.2 161.4 161.7 162.3 163.1 164.2 165.4 166.3 171.9 174.5 174.9 199.2 208 215.3 230.5 246.3 253.7 254.1 257.5 262.2 269.5 274.5 279.3 283.1 290.6 311.3 323.3 335.4 341.2 337.4 324 334.1 332.7 330.8 328 328.5 327.7 325.8 324 323.7 323.2 322.4 322 327.2 328.0 338.9 338.9 345.4 352.1 355.6 356.4 354.4 351.5 349.6 335.7 337.1 336.0 333.9 331.2 331.4 324.9 325.3 315.0 314.7 313.4 309.2 311.8 309.3 306.9
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 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 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 886 1,165 894 3,206 1,564 2,102 1,404 1,381 1,512 1,705 910 710 1,022 1,325 822 717 878 1,874 1,653 1,921 1,320 1,254 1,007 1,341 1,672 1,001 1,138 953 886 1,246 839 878 795 1,205 653 742 766 1,030 1,687 1,545 1,940 2,893 3,188 2,869 2,881 3,265 2,315 8,667 8,276 7,877 6,213 6,290 6,507 6,284 5,371 4,451 4,047 3,301 2,757 3,083 3,275 3,345 3,092 2,358 1,714 1,453 1,257 1,177 1,509 1,445 1,768 1,453 1,580 1,513 1,182 941 845 725 666 760 850 741 734 683 728 886 905 670 794
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 50 0 0 0 0 0 5,338 5,180 5,094 3,534 2,606 1,063 138 139 139 57 75 59 86 272 302 350 354 336 614 587 699 435 291 276 171 250 268 289 335 291 0 0 298 325 291 289 350 328 319 334 0 0 301 330 358 0 0 0
Net Receivables 3,480 3,774 3,612 3,266 3,058 3,182 3,149 2,972 2,719 2,812 2,759 2,546 2,364 2,492 2,401 2,329 2,150 2,491 2,226 1,926 1,857 2,323 2,224 2,071 2,080 2,458 2,216 2,119 2,028 2,305 2,096 1,919 1,979 2,072 1,977 1,740 1,620 1,886 1,577 1,433 1,472 3,465 3,086 3,495 3,689 3,689 5,165 5,143 4,976 4,436 3,626 3,846 4,437 4,123 5,114 4,995 5,644 7,092 6,718 6,268 5,993 5,627 5,195 5,338 4,885 5,057 5,023 4,904 4,906 4,847 4,547 4,659 4,294 4,035 4,036 3,941 4,080 4,081 4,012 4,018 3,630 3,739 3,612 3,065 2,678 2,476 2,808 2,514 2,042
Inventory 1,181 983 943 861 833 766 816 803 840 827 959 1,020 1,082 1,055 1,157 1,071 952 788 604 559 530 508 489 449 442 447 460 424 425 356 367 391 441 327 364 391 345 273 283 284 287 1,299 1,251 1,308 1,660 2,071 2,995 2,816 2,632 2,792 2,754 2,861 2,869 2,869 3,250 3,842 4,533 5,242 5,557 5,446 4,688 3,422 3,730 3,765 3,636 3,745 4,290 4,383 4,408 4,096 3,979 3,663 3,472 3,220 3,422 3,433 3,438 3,528 3,462 3,182 3,024 2,670 2,564 2,372 2,211 1,864 1,730 1,561 1,407
Other Current Assets 323 378 285 343 444 429 439 415 450 381 404 350 358 383 327 294 300 259 252 254 235 242 251 225 287 272 340 335 375 354 362 393 406 346 342 288 297 296 212 238 255 8,332 8,365 8,358 7,439 6,667 10,127 2,463 2,745 2,663 2,924 3,141 3,262 3,215 4,974 5,924 4,095 3,896 4,055 4,590 4,116 4,015 3,563 3,306 3,094 3,276 3,400 3,020 2,512 2,848 2,312 2,594 2,476 2,551 1,850 1,847 1,875 2,176 1,582 2,019 1,818 1,775 1,561 1,346 1,214 1,129 997 958 1,182
Total Current Assets 5,870 6,300 5,734 7,714 5,899 6,479 5,808 5,571 5,521 5,725 5,032 4,626 4,826 5,255 4,707 4,411 4,280 5,412 4,735 4,660 3,942 4,327 3,971 4,086 4,481 4,178 4,154 3,831 3,714 4,272 3,664 3,581 3,621 3,950 3,336 3,211 3,073 3,430 3,804 3,547 4,001 16,014 15,896 16,032 15,714 15,711 21,665 19,227 18,768 17,907 15,574 16,213 17,134 16,577 18,981 19,514 18,669 19,885 19,423 20,001 18,659 16,503 16,015 15,058 13,605 13,531 14,220 13,752 13,624 13,236 12,897 12,369 11,822 11,319 10,815 10,453 10,527 10,510 10,050 10,298 9,656 8,925 8,471 7,767 7,161 6,713 6,440 5,703 5,425
Non-Current Assets
Property, Plant & Equipment 1,770 1,746 1,676 1,660 1,560 1,551 1,575 1,514 1,491 1,459 1,384 1,413 1,399 1,412 1,204 1,405 1,467 1,424 1,426 1,458 1,476 1,490 1,448 1,427 1,453 1,546 1,524 1,507 1,530 895 892 895 900 856 889 859 820 789 780 778 997 1,968 2,088 2,154 2,280 2,322 2,536 4,613 4,762 5,164 5,622 5,753 6,104 6,391 9,711 10,245 11,236 11,157 10,664 10,214 9,763 9,246 8,843 9,613 9,568 10,049 9,957 9,990 9,927 9,856 9,545 9,554 9,525 9,768 9,746 9,761 9,597 9,356 8,951 8,495 7,735 7,073 6,594 6,222 5,716 5,547 5,062 4,873 4,671
Goodwill 6,885 6,800 6,776 3,840 3,841 3,526 3,523 3,400 3,410 3,401 3,278 3,295 3,287 3,312 2,851 2,873 2,864 2,565 2,449 2,219 2,221 2,219 2,207 2,123 2,075 2,067 2,006 1,852 1,860 1,514 1,541 1,528 1,535 938 932 749 737 728 597 597 590 2,828 2,830 2,714 2,822 2,822 4,676 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 3,046 3,104 3,131 1,361 1,353 1,249 1,295 1,208 1,232 1,255 1,217 1,261 1,302 1,342 1,177 1,255 1,304 1,105 1,134 1,123 1,180 1,234 1,268 1,242 1,242 1,327 1,331 1,332 1,416 1,230 1,297 1,340 1,436 861 896 868 878 821 769 824 669 0 0 846 997 1,064 1,384 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 236 187 192 180 161 135 140 127 141 143 142 162 144 147 146 162 183 209 214 181 168 158 154 157 154 159 159 175 163 169 176 172 174 247 249 248 237 238 238 223 228 427 524 525 518 755 951 3,205 3,188 0 2,517 1,911 0 1,545 2,553 4,328 4,133 0 0 11,133 11,113 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 525 491 446 427 383 375 334 354 287 291 336 323 322 310 552 562 552 558 530 509 481 482 437 417 393 422 333 364 357 344 444 420 412 333 201 200 197 1,021 1,013 1,061 903 1,693 1,669 1,785 1,676 644 1,085 5,336 5,528 5,678 5,412 4,732 4,802 4,459 5,567 8,969 9,616 11,301 14,090 15,426 14,737 11,578 6,979 5,065 4,712 5,148 3,344 3,288 2,898 4,186 4,200 3,550 3,002 2,989 3,331 3,381 3,252 2,935 2,981 1,672 1,553 1,538 1,493 1,467 1,424 1,238 1,153 1,057 947
Total Non-Current Assets 13,210 13,089 12,988 8,698 8,534 8,116 8,081 7,828 7,805 7,611 7,404 7,626 7,527 7,559 6,918 7,261 7,369 6,777 6,687 6,471 6,481 6,549 6,390 6,288 6,235 6,464 6,219 6,143 6,279 5,137 5,299 5,300 5,430 4,258 5,282 5,084 5,067 4,995 4,815 4,920 5,048 8,798 9,364 9,571 9,390 10,052 13,104 12,944 13,582 14,191 14,331 13,707 14,018 13,644 15,278 19,214 20,852 22,458 24,754 25,640 24,500 20,824 18,257 16,689 16,058 15,197 14,710 14,920 14,443 14,042 13,745 13,104 12,527 12,757 13,077 13,142 12,849 12,291 11,932 10,167 9,288 8,611 8,087 7,689 7,140 6,785 6,215 5,930 5,618
Total Assets 19,080 19,389 18,799 16,412 14,433 14,595 13,889 13,345 13,326 13,336 12,436 12,252 12,353 12,814 11,625 11,672 11,649 12,189 11,422 11,131 10,423 10,876 10,361 10,374 10,716 10,642 10,373 9,974 9,993 9,409 8,963 8,881 9,051 8,208 8,618 8,295 8,140 8,425 8,619 8,467 9,049 24,812 25,260 25,603 25,104 25,763 34,769 32,171 32,350 32,098 29,905 29,920 31,152 30,221 34,259 38,728 39,521 42,343 44,177 45,641 43,159 37,327 34,272 31,747 29,663 28,728 28,930 28,672 28,067 27,278 26,642 25,473 24,349 24,076 23,892 23,595 23,376 22,801 21,982 20,465 18,944 17,536 16,558 15,456 14,301 13,498 12,655 11,633 11,043
Current Liabilities
Account Payables 928 1,328 940 1,081 1,006 1,178 1,047 1,016 822 881 859 676 857 1,207 1,047 1,073 993 851 500 427 363 612 536 498 675 779 713 544 558 592 456 430 463 593 473 614 433 553 406 546 557 2,336 2,147 1,998 2,188 2,265 3,671 3,182 2,924 2,789 2,129 2,204 2,268 2,364 2,765 2,761 2,966 3,492 3,960 3,801 3,558 3,285 2,512 2,484 2,206 2,305 2,056 1,972 2,098 2,297 2,071 2,085 1,865 2,050 1,822 1,751 1,869 2,018 1,812 1,799 1,743 1,678 1,527 1,459 1,333 1,338 1,136 1,037 974
Short-Term Debt 680 749 928 70 322 322 322 565 313 1,313 1,313 0 1 1 1 2 4 5 6 9 11 12 212 517 814 16 617 28 28 31 337 347 492 52 47 46 44 4 5 5 4 531 532 536 40 63 1,523 352 834 896 1,263 775 1,629 1,457 0 0 0 6,391 5,262 4,869 3,703 2,504 1,495 1,877 2,255 2,909 3,598 2,973 1,994 1,282 1,379 1,351 1,469 1,382 1,830 1,763 1,655 1,605 1,731 1,870 1,530 916 1,900 1,500 809 555 649 574 357
Deferred Revenue 2,296 2,265 2,074 2,016 1,983 2,072 1,942 1,852 1,890 2,037 1,898 1,764 1,793 1,859 1,549 1,556 1,590 1,650 1,538 1,416 1,419 1,554 1,359 1,294 1,278 1,449 1,223 1,187 1,158 1,263 1,127 1,049 1,069 1,041 877 814 864 873 733 652 700 1,442 1,125 1,082 1,565 1,606 1,277 1,140 1,637 1,678 2,107 2,235 0 2,274 3,524 0 0 0 0 (4,869) (3,703) 0 (1,495) (1,877) (2,255) 0 (3,598) (2,973) (1,994) 0 (1,379) (1,351) (1,469) 0 (1,830) (1,763) (1,655) 0 0 (1,870) (1,530) 0 (1,900) (1,500) 0 0 0 0 0
Other Current Liabilities 1,042 604 1,020 394 540 503 455 358 789 439 730 672 385 779 823 807 791 890 769 767 725 747 673 715 361 347 313 629 622 701 332 279 721 356 232 171 1,034 1,061 873 787 821 307 0 1,586 1,565 1,606 0 0 0 0 0 0 0 0 2,717 3,982 4,937 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,841 0 0 0 0 0 0 0 2,313 2,174 1,983
Total Current Liabilities 5,559 6,078 5,659 4,464 4,922 5,055 4,665 4,644 4,626 5,736 5,288 3,766 3,966 4,560 3,768 3,801 3,886 4,063 3,429 3,184 3,095 3,489 3,312 3,480 3,879 3,439 3,656 2,876 2,979 3,096 3,088 2,922 3,096 2,931 2,563 2,410 2,385 2,630 2,161 2,045 2,032 7,887 7,873 8,261 8,184 9,056 12,901 9,638 9,608 9,433 8,324 8,457 9,810 9,517 11,345 12,925 13,622 16,257 15,470 14,781 13,390 12,416 11,898 10,726 10,341 11,440 12,285 11,529 9,478 9,055 8,652 8,379 8,053 7,995 7,860 7,637 7,784 7,793 7,384 7,364 6,873 5,917 6,302 5,615 4,837 4,389 4,098 3,785 3,314
Non-Current Liabilities
Long-Term Debt 8,415 8,413 8,411 7,661 5,677 5,675 5,674 5,743 5,994 4,705 4,704 6,015 6,014 6,013 6,012 6,011 5,689 5,688 5,687 5,686 5,164 5,163 5,162 5,111 5,111 5,113 5,112 5,315 5,287 5,289 5,095 5,298 5,304 4,419 4,423 4,421 4,414 4,392 5,044 5,028 5,023 2,907 3,372 3,365 3,899 3,878 2,628 6,697 6,679 6,675 6,686 7,184 7,189 7,450 6,608 6,814 6,673 4,293 3,106 3,086 3,086 3,089 3,114 3,119 2,629 2,633 2,133 2,129 2,127 2,144 1,905 1,907 1,908 1,931 1,926 1,948 1,956 1,949 1,961 1,519 1,126 1,127 1,148 1,216 1,373 1,360 1,438 1,226 1,412
Deferred Tax Liabilities 123 124 106 91 87 87 59 57 59 55 72 71 74 73 129 140 143 183 170 178 176 180 179 175 171 184 172 180 222 201 234 240 248 115 142 139 140 121 119 120 141 1,212 1,125 0 0 0 0 0 0 0 0 0 0 0 215 989 846 1,504 3,243 4,529 4,328 3,481 2,435 2,011 1,778 1,188 1,409 1,642 1,618 1,522 0 0 0 1,108 0 0 0 968 0 0 0 509 0 0 0 433 0 0 0
Other Non-Current Liabilities 1,165 1,125 1,140 1,124 1,120 1,136 1,226 1,217 1,233 1,270 1,234 1,276 1,274 1,255 1,446 1,499 1,574 1,659 1,754 1,791 1,830 1,900 1,781 1,775 1,763 1,818 1,765 1,790 1,803 1,885 1,782 1,733 1,775 2,301 2,150 2,137 2,123 2,119 1,817 2,072 2,131 1,924 3,970 4,094 3,398 3,463 4,196 2,712 2,940 3,301 3,037 2,917 2,914 1,457 1,322 1,214 1,251 1,192 1,216 1,288 1,301 1,513 1,905 1,729 1,543 1,245 1,213 1,300 1,317 1,285 2,997 2,640 2,377 1,247 2,233 2,254 2,143 1,043 1,895 1,603 1,480 887 1,493 1,417 1,329 907 1,081 931 924
Total Non-Current Liabilities 10,958 10,884 10,796 9,964 7,852 7,821 7,883 7,884 8,163 6,861 6,772 8,135 8,138 8,123 8,251 8,301 8,061 8,149 8,241 8,291 7,806 7,928 7,789 7,709 7,767 7,886 7,801 8,052 8,104 7,589 7,270 7,451 7,494 7,004 6,873 6,861 6,792 6,747 7,106 7,100 7,154 6,705 7,342 7,459 7,297 7,341 6,824 9,409 9,619 9,976 9,723 10,101 10,103 8,907 8,145 9,502 9,255 6,989 7,565 8,903 8,715 8,083 7,454 6,859 5,950 5,066 4,755 5,071 5,062 4,951 4,902 4,547 4,285 4,286 4,159 4,202 4,099 3,960 3,856 3,122 2,606 2,523 2,641 2,633 2,702 2,700 2,519 2,157 2,336
Total Liabilities 16,517 16,962 16,455 14,428 12,774 12,876 12,548 12,528 12,789 12,597 12,060 11,901 12,104 12,683 12,019 12,102 11,947 12,212 11,670 11,475 10,901 11,417 11,101 11,189 11,646 11,325 11,457 10,928 11,083 10,685 10,358 10,373 10,590 9,935 9,436 9,271 9,177 9,377 9,267 9,145 9,186 14,592 15,215 15,720 15,481 16,397 19,725 19,047 19,227 19,409 18,047 18,558 19,913 18,424 19,490 22,427 22,877 23,246 23,035 23,684 22,105 20,499 19,352 17,585 16,291 16,506 17,040 16,600 14,540 14,006 13,554 12,926 12,338 12,281 12,019 11,839 11,883 11,753 11,240 10,486 9,479 8,440 8,943 8,248 7,539 7,089 6,617 5,942 5,650
Stockholders' Equity
Common Stock 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 23 23 23 23 6,879 6,857 7,088 7,033 7,017 6,982 6,948 6,947 6,905 6,679 6,653 6,590 6,574 6,554 6,542 2,152 1,838 1,827 1,822 1,810 0 1,801 1,795 1,794 0 0 0 0 0 0 0 0 0 0 0 0 1,764 0 0 0 836 0 0 0
Retained Earnings 2,596 2,549 2,594 2,335 2,223 2,300 1,974 1,607 1,399 1,640 1,326 1,333 1,333 1,343 989 936 1,002 1,350 1,201 1,151 1,080 1,127 1,008 1,017 1,074 1,239 1,220 1,051 963 1,051 788 627 531 467 981 945 970 1,148 1,096 1,080 1,597 4,058 3,896 3,827 3,673 3,647 8,610 3,321 3,618 3,103 2,685 2,659 2,582 2,501 6,762 8,259 9,106 9,727 9,680 9,236 9,252 8,780 8,505 8,487 8,353 8,254 8,167 8,212 9,612 9,504 10,405 10,353 10,228 8,343 8,394 8,378 7,786 7,461 7,580 6,965 6,230 5,917 4,400 4,434 4,497 4,534 3,335 3,457 3,512
Accumulated Other Comprehensive Income (2,423) (2,420) (2,417) (2,412) (2,500) (2,539) (2,470) (2,549) (2,553) (2,540) (2,505) (2,447) (2,487) (2,535) (2,638) (2,491) (2,384) (2,379) (2,416) (2,388) (2,410) (2,446) (2,433) (2,475) (2,566) (2,440) (2,759) (2,737) (2,724) (2,765) (2,571) (2,580) (2,508) (2,562) (2,126) (2,199) (2,264) (2,317) (1,931) (1,888) (1,845) (2,376) (2,311) (2,286) (2,161) (2,328) (1,444) (7) 51 207 (95) (487) (523) (234) (578) 4 (272) 1,123 3,496 4,824 4,775 3,154 1,916 2,524 1,580 (12,839) 134 656 792 (11,524) 26,176 25,094 24,022 (9,830) 23,746 23,512 22,986 (8,110) (7,747) 19,958 18,930 (6,657) 15,230 14,416 (4,409) 0 0 0 0
Total Stockholders' Equity 2,544 2,410 2,327 1,968 1,641 1,703 1,326 802 521 724 362 337 234 116 (408) (443) (316) (40) (263) (358) (496) (558) (756) (830) (948) (700) (1,101) (970) (1,108) (1,293) (1,411) (1,507) (1,554) (1,742) (830) (988) (1,050) (964) (659) (689) (147) 10,116 9,944 9,775 9,523 9,275 15,044 13,124 13,123 12,689 11,858 11,362 11,239 11,312 14,284 16,301 16,644 18,612 20,658 21,473 20,570 16,344 14,436 13,678 12,888 12,222 11,890 12,072 13,527 13,272 13,088 12,547 12,011 11,795 11,873 11,756 11,493 11,048 10,742 9,979 9,465 9,096 7,615 7,208 6,762 6,409 6,038 5,691 5,393
Total Liabilities & Equity 19,080 19,389 18,799 16,412 14,433 14,595 13,889 13,345 13,326 13,336 12,436 12,252 12,353 12,814 11,625 11,672 11,649 12,189 11,422 11,131 10,423 10,876 10,361 10,374 10,716 10,642 10,373 9,974 9,993 9,409 8,963 8,881 9,051 8,208 8,618 8,295 8,140 8,425 8,619 8,467 9,049 24,812 25,260 25,603 25,104 25,763 34,769 32,171 32,350 32,098 29,905 29,920 31,152 30,221 34,259 38,728 39,521 42,343 44,177 45,641 43,159 37,327 34,272 31,747 29,663 28,728 28,930 28,672 28,067 27,278 26,642 25,473 24,349 24,076 23,892 23,595 23,376 22,801 21,982 20,465 18,944 17,536 16,558 15,456 14,301 13,498 12,655 11,633 11,043
Debt Metrics
Total Debt 9,589 9,766 9,936 8,332 6,525 6,551 6,571 6,853 6,876 6,550 6,503 6,520 6,521 6,551 6,392 6,415 6,115 6,130 6,139 6,164 5,666 5,703 5,898 6,136 6,502 5,748 6,346 5,965 5,984 5,320 5,432 5,645 5,796 4,471 4,470 4,467 4,458 4,396 5,049 5,033 5,027 3,438 3,904 3,901 3,939 3,941 4,151 7,049 7,513 7,571 7,949 7,959 8,818 8,907 9,325 10,796 11,610 10,684 8,368 7,955 6,789 5,593 4,609 4,996 4,884 5,542 5,731 5,102 4,121 3,426 3,284 3,258 3,377 3,313 3,756 3,711 3,611 3,554 3,692 3,389 2,656 2,043 3,048 2,716 2,182 1,915 2,087 1,800 1,769
Net Debt 8,703 8,601 9,042 5,126 4,961 4,449 5,167 5,472 5,364 4,845 5,593 5,810 5,499 5,226 5,570 5,698 5,237 4,256 4,486 4,243 4,346 4,449 4,891 4,795 4,830 4,747 5,208 5,012 5,098 4,063 4,593 4,767 5,001 3,266 3,817 3,725 3,692 3,366 3,362 3,488 3,087 545 716 1,032 1,058 676 1,836 (1,618) (763) (306) 1,736 1,669 2,311 2,623 3,954 6,345 7,563 7,383 5,611 4,872 3,514 2,248 1,517 2,638 3,170 4,089 4,474 3,925 2,612 1,981 1,516 1,805 1,797 1,800 2,574 2,770 2,766 2,829 3,026 2,629 1,806 1,302 2,314 2,033 1,454 1,029 1,182 1,130 975
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 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income 368 650 562 515 432 610 563 443 (39) 595 465 373 278 590 280 229 268 402 308 295 245 413 206 136 198 243 268 208 152 424 248 181 117 (574) 213 132 78 244 193 108 17 1,750 947 692 (203) 609 489 116 119 169 174 111 (2,321) (449) (1,237) (1,408) (759) 135 531 204 448 349 91 206 171 159 27 (1,328) 180 321 266 268 325 238 206 326 384 432 496 481 372 515 380 367 298 340 254 224 204
Depreciation & Amortization 143 143 115 86 81 87 72 95 83 111 86 87 98 109 108 112 111 113 105 110 110 109 103 98 99 104 99 96 95 93 89 96 82 89 88 86 80 75 76 82 62 153 149 151 345 348 430 400 404 433 506 502 543 557 633 590 658 804 592 563 563 550 526 565 552 606 539 521 542 0 595 575 565 0 0 0 0 0 0 0 0 0 0 0 0 355 298 285 258
Stock-Based Compensation 100 80 73 74 66 63 61 63 56 52 52 53 55 46 45 44 37 35 34 31 29 29 31 31 38 31 30 30 27 20 19 17 17 17 16 16 17 16 17 18 17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (243) 376 (32) (390) (76) 365 54 (434) (126) 511 98 (409) 108 313 (101) (456) (264) 113 (114) (25) (8) 185 (40) (64) 20 176 79 (140) (26) 285 (44) 103 (715) 222 (112) (124) (77) 75 (10) 26 (150) 170 (47) (421) 80 (32) (43) 604 42 95 (28) (602) 77 (83) 288 289 885 (866) (1,132) (1,144) (2,346) (2,715) 745 631 (187) (11) 449 (925) (639) (64) 255 221 445 369 139 73 26 51 (268) 151 (225) 839 17 (172) 2,324 0 0 0 0
Other Non-Cash Items 83 8 2 (12) 7 (55) 9 2 589 6 12 91 (547) 337 147 23 179 8 18 1 (7) 16 69 11 (51) 366 26 34 9 6 38 4 (8) 5 29 23 21 32 1 23 32 (1,123) (411) (238) (72) (235) (190) 22 (86) (234) 174 32 3,341 190 1,657 1,927 348 47 (12) 290 (80) 1,575 (680) (61) (75) 523 (501) 1,817 85 409 (271) (414) (900) 1,042 541 305 541 816 559 (70) 492 176 283 65 (2,540) 366 32 (220) (82)
Operating Cash Flow 451 1,256 798 273 510 1,070 759 180 382 1,245 714 93 (8) 1,273 388 10 152 703 376 388 370 703 392 209 308 795 525 251 251 812 338 425 (500) 761 270 173 142 513 348 292 13 1,123 1,018 438 994 858 894 1,101 297 479 514 136 527 162 708 286 926 (23) (209) (37) (895) 250 (156) 1,158 676 1,158 130 (310) 43 666 845 650 435 1,649 886 704 951 1,299 787 562 639 1,530 680 260 82 1,061 584 289 380
Investing Activities
Capital Expenditure (62) (114) (66) (48) (37) (86) (57) (68) (46) (81) (65) (53) (54) (73) (70) (59) (54) (68) (61) (62) (52) (66) (49) (54) (48) (59) (60) (63) (66) (69) (46) (41) (41) (21) (85) (53) (68) (60) (68) (91) (51) (179) (134) (103) (227) (201) (170) (157) (215) (113) (219) (149) (136) (103) (246) (254) (316) (1,316) (1,081) (1,046) (688) (725) (1,002) (524) (433) (264) (949) (1,324) (684) (991) (831) (531) (521) (835) (579) (737) (822) (1,053) (1,096) (1,107) (969) (1,002) (848) (990) (480) (889) (499) (474) (325)
Acquisitions 1 0 464 (14) (450) (22) (226) (5) (37) (12) (2) (6) (4) (587) (19) (59) (512) (161) (351) (7) (2) (4) (181) (66) (36) (86) (252) (3) (368) (6) (5) (28) (1,125) (21) (243) (34) (106) (259) (95) (67) (1,053) (29) (46) (65) (116) (42) (51) (13) (219) (19) (27) (41) (21) (5) (18) (52) (12) (800) (485) (395) (232) 0 (205) (175) (76) 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 (124) 0 (4,371) 0 0 0 0 (5) 0 (168) 65 53 0 1,247 18 59 510 588 61 0 52 66 0 0 46 59 0 63 66 69 46 41 41 21 85 53 68 60 68 91 51 (1,228) (790) (4) 0 (149) (64) 0 0 (18) 0 9 26 (41) 0 0 0 0 0 0 0 (270) (147) (15) (64) 0 0 0 0 0 0 0 0 0 0 0 0 (22) (9) 15 (16) 0 0 0 0 (34) (52) 0 0
Sales/Maturities of Investments 2 3 2 2 10 0 0 2 36 7 6 1 0 8 27 2 9 12 1 1 2 3 1 5 2 6 0 8 2 5 11 2 77 9 102 19 53 33 84 72 481 92 283 743 21 347 (218) 36 9 346 (34) 25 6 26 151 (1,451) 359 (18) 278 (261) 346 0 0 0 208 (260) 173 205 46 0 (60) 35 31 27 (34) (2) 61 0 0 0 0 12 (29) 29 28 0 0 0 1
Other Investing Activities 0 (81) (464) 0 0 1 1 5 0 12 (65) (53) 5 (1,247) (18) (59) (510) (588) (61) 6 (52) (66) 2 0 10 (52) 0 (63) (66) (69) (46) (41) (41) (21) (85) (53) (68) (56) (46) (45) (51) 39 1 5 90 24 697 48 72 26 163 39 38 5 261 3,804 12 387 836 384 0 (63) 2,334 (175) 148 (284) 130 189 57 (100) 363 (128) 108 218 (9) (119) (75) (18) 109 (281) (132) (527) (127) 5 (39) 23 (168) (41) (49)
Investing Cash Flow (183) (192) (4,435) (60) (477) (107) (282) (71) (47) (242) (61) (58) (53) (652) (62) (116) (557) (217) (411) (62) (52) (67) (228) (115) (26) (132) (312) (58) (432) (70) (40) (67) (1,089) (33) (226) (68) (121) (282) (57) (40) (623) (1,305) (686) 576 (232) 128 194 (86) (353) 222 (117) (117) (87) (118) 148 2,047 43 (1,747) (452) (1,318) (574) (1,058) 1,185 (714) (141) (808) (646) (930) (581) (1,091) (528) (624) (382) (590) (622) (858) (836) (1,093) (996) (1,373) (1,117) (1,517) (1,004) (956) (491) (900) (719) (515) (373)
Financing Activities
Net Debt Issuance (200) (179) 1,603 1,731 0 618 (313) 0 (305) 0 0 (1) 0 (2) 0 314 (2) 5 (3) 499 (3) (203) (311) (304) 796 (604) 64 (13) (8) (116) (384) (148) 1,246 (3) (9) 2 (1) (683) (1) (1) 672 (1,122) 20 (4) (483) (19) (303) (78) (11) (861) (185) (37) (94) (205) (145) (1,509) (753) 2,316 394 1,164 1,195 989 (2,453) 2,175 (660) (193) 628 979 693 133 25 (121) 73 (445) 47 101 55 (119) 232 738 612 (978) 386 683 268 (173) 493 22 67
Stock Repurchased (118) (490) (84) (255) (325) (106) (31) (71) (39) (134) (306) (224) (140) (87) (94) (162) (493) (131) (125) (102) (170) (171) (105) (83) (253) (145) 0 (25) (145) (66) 0 0 (66) (125) (100) (80) (178) (114) (109) (555) (64) (353) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (201) (182) (182) (182) (182) (164) (164) (163) (163) (146) (147) (148) (148) (132) (132) (132) (134) (120) (120) (121) (121) (109) (109) (109) (109) (98) (94) (94) (93) (85) (84) (84) (84) (77) (76) (77) (77) (67) (70) (72) (71) (98) (98) (98) (94) (91) (94) (93) (92) (93) (92) (91) (91) (90) (91) (89) (88) (73) (87) (87) (86) (74) (73) (72) (72) (72) (72) (72) (72) (72) (71) (72) (71) (71) (72) (59) (59) (59) (59) (59) (59) (40) (39) (39) (31) (29) (31) 0 0
Other Financing Activities 0 1 (1) (9) 0 (618) (1) (3) 0 0 (1) (4) (1) 0 0 (6) 0 (7) 0 10 (7) 49 0 (4) 0 32 0 (3) 0 (47) 0 (1) 0 (2) 0 (2) 0 13 0 0 0 (204) 0 0 (585) (380) 0 0 0 0 0 0 (91) 0 0 0 (88) 0 0 0 0 484 (484) 0 282 0 0 0 0 41 44 40 0 (212) 2 208 9 31 (58) 42 34 1,012 28 7 14 22 (92) 80 43
Financing Cash Flow (525) (801) 1,333 1,375 (597) (214) (491) (231) (512) (252) (414) (366) (263) (202) (140) 13 (577) (250) (209) 286 (256) (435) (515) (456) 439 (815) (18) (110) (201) (314) (388) (227) 1,149 (186) (152) (151) (234) (851) (139) (629) 577 (1,083) 49 (44) (363) (581) (317) (166) (31) (952) (158) (109) 75 (292) (130) (1,589) (641) 2,213 342 1,294 1,270 1,077 (374) 223 (201) (187) 559 919 627 102 (2) (153) 14 (728) (23) 250 5 (147) 115 721 587 (6) 375 651 251 (180) 370 102 110
Cash Position
Net Change in Cash (279) 271 (2,312) 1,642 (538) 698 23 (131) (193) 795 200 (312) (303) 503 105 (161) (996) 221 (268) 601 66 247 (334) (331) 671 (139) 176 67 (360) 406 (90) 83 (410) 551 (88) (24) (201) (657) 142 (395) (40) (1,300) 360 950 391 399 789 875 (77) (217) 223 (108) 513 (203) 711 920 404 544 (326) (192) (262) 253 734 644 261 196 80 (332) 64 (323) 315 (127) 67 331 241 96 120 59 (94) (90) 109 7 51 (45) (158) (180) 370 102 110
Cash at Beginning 1,165 894 3,206 1,564 2,102 1,404 1,381 1,512 1,705 910 710 1,022 1,325 822 717 878 1,874 1,653 1,921 1,320 1,254 1,007 1,341 1,672 1,001 1,140 964 897 1,257 851 941 858 1,268 717 805 829 1,030 1,687 1,545 1,940 1,980 4,156 3,796 2,846 8,276 7,877 7,088 6,213 6,290 6,507 6,284 6,392 5,879 6,082 5,371 4,451 4,047 2,757 3,083 3,275 3,537 3,092 2,358 1,714 1,453 1,257 1,177 1,509 1,445 1,768 1,453 1,580 1,513 1,182 941 845 725 666 760 850 741 734 683 728 886 1,066 0 0 677
Cash at End 886 1,165 894 3,206 1,564 2,102 1,404 1,381 1,512 1,705 910 710 1,022 1,325 822 717 878 1,874 1,653 1,921 1,320 1,254 1,007 1,341 1,672 1,001 1,140 964 897 1,257 851 941 858 1,268 717 805 829 1,030 1,687 1,545 1,940 2,856 4,156 3,796 8,667 8,276 7,877 7,088 6,213 6,290 6,507 6,284 6,392 5,879 6,082 5,371 4,451 3,301 2,757 3,083 3,275 3,345 3,092 2,358 1,714 1,453 1,257 1,177 1,509 1,445 1,768 1,453 1,580 1,513 1,182 941 845 725 666 760 850 741 734 683 728 886 370 102 787
Free Cash Flow 389 1,142 732 225 473 984 702 112 336 1,164 649 40 (62) 1,200 318 (49) 98 635 315 326 318 637 343 155 260 736 465 188 185 743 292 384 (541) 740 185 120 74 453 280 201 (38) 944 884 335 767 657 724 944 82 366 295 (13) 391 59 462 32 610 (1,339) (1,290) (1,083) (1,583) (475) (1,158) 634 243 894 (819) (1,634) (641) (325) 14 119 (86) 814 307 (33) 129 246 (309) (545) (330) 528 (168) (730) (398) 172 85 (185) 55
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 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 2,714 3,380 3,009 2,765 2,528 3,011 2,790 2,628 2,389 2,849 2,556 2,403 2,171 2,707 2,373 2,140 1,892 2,320 2,107 1,971 1,773 2,273 1,868 1,618 1,655 2,376 1,994 1,860 1,657 2,254 1,862 1,760 1,468 1,957 1,645 1,497 1,281 1,883 1,532 1,430 1,193 1,682 1,422 1,368 1,223 1,823 1,436 1,393 1,228 2,504 1,517 1,497 1,973 2,441 2,153 2,148 1,956 2,234 2,085 1,984 1,834 5,663 1,908 1,936 1,740 5,723 4,336 5,497 5,371 7,136 7,480 8,082 7,448 9,646 8,811 8,732 9,433 11,792 10,603 10,820 9,608 10,433 9,048 8,408 8,161 5,438 7,499 7,541 7,441 8,023 6,163 7,546 6,741 7,324 7,522 7,683 10,064 9,493 9,255 8,768
Gross Profit 1,287 1,647 1,502 1,413 1,300 1,549 1,433 1,339 1,192 1,455 1,280 1,189 1,046 1,351 1,031 990 857 1,183 1,045 952 860 1,146 909 766 787 1,220 1,007 931 773 1,088 901 822 669 970 794 690 570 928 762 676 502 838 685 648 548 912 685 656 577 1,213 765 750 955 1,228 1,087 1,060 973 1,145 1,055 1,007 924 2,033 964 965 853 2,043 1,439 1,710 1,496 2,122 1,803 2,325 2,145 2,540 2,505 2,453 2,454 3,068 3,374 3,357 2,931 3,202 2,929 2,757 2,656 1,337 2,573 2,603 2,366 2,651 2,008 2,500 2,223 2,289 2,088 1,566 3,274 3,363 3,742 3,573
Operating Income 595 879 782 692 582 814 711 644 519 738 639 518 399 691 373 358 239 549 451 370 298 555 352 218 259 590 413 349 229 516 294 273 171 512 347 261 173 403 341 224 100 389 231 254 119 (1,458) 207 138 107 413 246 203 216 423 324 278 232 278 254 159 169 378 211 161 120 163 (11) 10 (449) (1,675) (452) 5 (269) (19) (10) (158) (366) 753 968 1,522 894 1,749 1,080 958 865 747 644 785 685 520 171 447 (2,239) 741 (1,195) (1,106) (303) 832 474 687
Net Income 366 649 562 513 430 611 562 443 (39) 596 464 371 278 589 279 228 267 401 307 293 244 412 205 135 197 243 267 207 151 422 247 180 117 (575) 212 131 77 243 192 107 17 277 115 142 74 201 148 824 127 342 307 258 192 336 206 182 157 184 128 349 497 293 110 162 69 142 12 35 (231) (3,657) (397) 4 (194) 100 60 (28) (181) 623 968 1,384 686 1,202 1,751 933 692 647 479 (203) 609 489 119 174 (2,321) (1,237) (759) (533) 135 531 204 448
EPS (Diluted) 2.18 3.86 3.33 3.04 2.53 3.56 3.29 2.60 -0.23 3.47 2.70 2.15 1.61 3.43 1.63 1.33 1.54 2.30 1.76 1.69 1.41 2.37 1.18 0.78 1.12 1.38 1.51 1.18 0.86 2.44 1.43 1.05 0.69 -3.56 1.25 0.78 0.45 1.43 1.13 0.61 0.10 1.57 0.57 0.68 0.34 0.87 0.59 3.22 0.49 1.31 1.16 0.94 0.68 1.18 0.72 0.61 0.49 0.54 0.38 1.00 1.44 0.90 0.35 0.49 0.21 0.43 0.07 0.11 -0.71 -11.29 -1.23 0.01 -0.60 0.31 0.21 -0.09 -0.53 1.84 2.73 3.85 1.89 3.30 4.83 2.59 1.96 1.83 1.40 -0.57 1.75 1.45 0.35 0.52 -7.13 -3.84 -2.41 -1.70 0.43 1.61 0.63 1.40
Balance Sheet
Cash & Equivalents 886 1,165 894 3,206 1,564 2,102 1,404 1,381 1,512 1,705 910 710 1,022 1,325 822 717 878 1,874 1,653 1,921 1,320 1,254 1,007 1,341 1,672 1,001 1,138 953 886 1,246 839 878 795 1,205 653 742 766 1,030 1,687 1,545 1,940 2,893 3,188 2,869 2,881 3,265 2,315 8,667 8,276 7,877 6,213 6,290 6,507 6,284 5,371 4,451 4,047 3,301 2,757 3,083 3,275 3,345 3,092 2,358 1,714 1,453 1,257 1,177 1,509 1,445 1,768 1,453 1,580 1,513 1,182 941 845 725 666 760 850 741 734 683 728 886 905 670 794
Total Assets 19,080 19,389 18,799 16,412 14,433 14,595 13,889 13,345 13,326 13,336 12,436 12,252 12,353 12,814 11,625 11,672 11,649 12,189 11,422 11,131 10,423 10,876 10,361 10,374 10,716 10,642 10,373 9,974 9,993 9,409 8,963 8,881 9,051 8,208 8,618 8,295 8,140 8,425 8,619 8,467 9,049 24,812 25,260 25,603 25,104 25,763 34,769 32,171 32,350 32,098 29,905 29,920 31,152 30,221 34,259 38,728 39,521 42,343 44,177 45,641 43,159 37,327 34,272 31,747 29,663 28,728 28,930 28,672 28,067 27,278 26,642 25,473 24,349 24,076 23,892 23,595 23,376 22,801 21,982 20,465 18,944 17,536 16,558 15,456 14,301 13,498 12,655 11,633 11,043
Total Debt 9,589 9,766 9,936 8,332 6,525 6,551 6,571 6,853 6,876 6,550 6,503 6,520 6,521 6,551 6,392 6,415 6,115 6,130 6,139 6,164 5,666 5,703 5,898 6,136 6,502 5,748 6,346 5,965 5,984 5,320 5,432 5,645 5,796 4,471 4,470 4,467 4,458 4,396 5,049 5,033 5,027 3,438 3,904 3,901 3,939 3,941 4,151 7,049 7,513 7,571 7,949 7,959 8,818 8,907 9,325 10,796 11,610 10,684 8,368 7,955 6,789 5,593 4,609 4,996 4,884 5,542 5,731 5,102 4,121 3,426 3,284 3,258 3,377 3,313 3,756 3,711 3,611 3,554 3,692 3,389 2,656 2,043 3,048 2,716 2,182 1,915 2,087 1,800 1,769
Stockholders' Equity 2,544 2,410 2,327 1,968 1,641 1,703 1,326 802 521 724 362 337 234 116 (408) (443) (316) (40) (263) (358) (496) (558) (756) (830) (948) (700) (1,101) (970) (1,108) (1,293) (1,411) (1,507) (1,554) (1,742) (830) (988) (1,050) (964) (659) (689) (147) 10,116 9,944 9,775 9,523 9,275 15,044 13,124 13,123 12,689 11,858 11,362 11,239 11,312 14,284 16,301 16,644 18,612 20,658 21,473 20,570 16,344 14,436 13,678 12,888 12,222 11,890 12,072 13,527 13,272 13,088 12,547 12,011 11,795 11,873 11,756 11,493 11,048 10,742 9,979 9,465 9,096 7,615 7,208 6,762 6,409 6,038 5,691 5,393
Cash Flow
Operating Cash Flow 451 1,256 798 273 510 1,070 759 180 382 1,245 714 93 (8) 1,273 388 10 152 703 376 388 370 703 392 209 308 795 525 251 251 812 338 425 (500) 761 270 173 142 513 348 292 13 1,123 1,018 438 994 858 894 1,101 297 479 514 136 527 162 708 286 926 (23) (209) (37) (895) 250 (156) 1,158 676 1,158 130 (310) 43 666 845 650 435 1,649 886 704 951 1,299 787 562 639 1,530 680 260 82 1,061 584 289 380
Capital Expenditure (62) (114) (66) (48) (37) (86) (57) (68) (46) (81) (65) (53) (54) (73) (70) (59) (54) (68) (61) (62) (52) (66) (49) (54) (48) (59) (60) (63) (66) (69) (46) (41) (41) (21) (85) (53) (68) (60) (68) (91) (51) (179) (134) (103) (227) (201) (170) (157) (215) (113) (219) (149) (136) (103) (246) (254) (316) (1,316) (1,081) (1,046) (688) (725) (1,002) (524) (433) (264) (949) (1,324) (684) (991) (831) (531) (521) (835) (579) (737) (822) (1,053) (1,096) (1,107) (969) (1,002) (848) (990) (480) (889) (499) (474) (325)
Free Cash Flow 389 1,142 732 225 473 984 702 112 336 1,164 649 40 (62) 1,200 318 (49) 98 635 315 326 318 637 343 155 260 736 465 188 185 743 292 384 (541) 740 185 120 74 453 280 201 (38) 944 884 335 767 657 724 944 82 366 295 (13) 391 59 462 32 610 (1,339) (1,290) (1,083) (1,583) (475) (1,158) 634 243 894 (819) (1,634) (641) (325) 14 119 (86) 814 307 (33) 129 246 (309) (545) (330) 528 (168) (730) (398) 172 85 (185) 55