Netflix, Inc. logo NFLX - Netflix, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 64
HOLD 28
SELL 7
STRONG
SELL
0
| PRICE TARGET: $111.83 DETAILS
HIGH: $135.00
LOW: $96.00
MEDIAN: $112.00
CONSENSUS: $111.83
UPSIDE: 44.52%
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
Revenue
Revenue 12,249.8 12,050.8 11,510.3 11,079.2 10,542.8 10,246.5 9,824.7 9,559.3 9,370.4 8,832.8 8,541.7 8,187.3 8,161.5 7,852.1 7,925.6 7,970.1 7,867.8 7,709.3 7,483.5 7,341.8 7,163.3 6,644.4 6,435.6 6,148.3 5,767.7 5,467.4 5,244.9 4,923.1 4,521.0 4,186.8 3,999.4 3,907.3 3,700.9 3,285.8 2,984.9 2,785.5 2,636.6 2,477.5 2,290.2 2,105.2 1,957.7 1,823.3 1,738.4 1,644.7 1,573.1 1,484.7 1,409.4 1,340.4 1,270.1 1,175.2 1,106.0 1,069.4 1,024.0 945.2 905.1 889.2 869.8 875.6 821.8 788.6 718.6 595.9 553.2 519.8 493.7 444.5 423.1 408.5 394.1 359.6 341.3 337.6 326.2 302.4 294.0 303.7 305.3 277.2 255.9 239.4 224.1 189.3 174.3 164.5 154.1 143.9 141.6 120.3 100.4 81.2 72.2 63.2 55.7 45.2 40.7 36.4 30.5
Cost of Revenue 5,888.2 6,522.6 6,164.2 5,325.3 5,263.1 5,767.4 5,119.9 5,174.1 4,977.1 5,307.5 4,930.8 4,673.5 4,803.6 5,404.2 4,788.7 4,690.8 4,284.7 5,239.6 4,206.6 4,018.0 3,868.5 4,165.2 3,867.8 3,643.7 3,599.7 3,466.0 3,097.9 3,005.7 2,870.6 2,733.4 2,412.3 2,289.9 2,196.1 2,107.4 1,993.0 1,902.3 1,657.0 1,654.4 1,532.8 1,473.1 1,369.5 1,249.4 1,174.0 1,121.8 1,046.4 1,014.3 954.4 914.8 869.2 811.8 791.0 753.5 726.9 695.9 662.6 643.4 623.9 575.2 536.6 490.0 438.2 390.8 344.5 314.9 307.2 275.5 275.3 269.2 259.3 232.8 224.5 230.1 222.8 200.1 194.5 196.7 195.0 169.3 158.8 150.6 148.3 170.2 99.1 100.3 95.0 78.4 71.6 69.8 56.6 44.5 38.6 35.2 30.0 23.4 21.5 18.1 15.2
Gross Profit 6,361.5 5,528.1 5,346.1 5,753.9 5,279.7 4,479.1 4,704.8 4,385.2 4,393.4 3,525.3 3,610.9 3,513.8 3,357.9 2,447.9 3,136.9 3,279.4 3,583.1 2,469.7 3,276.9 3,323.8 3,294.8 2,479.3 2,567.9 2,504.6 2,168.0 2,001.4 2,147.0 1,917.5 1,650.4 1,453.4 1,587.0 1,617.4 1,504.8 1,178.4 991.9 883.2 979.6 823.1 757.3 632.1 588.2 574.0 564.4 522.9 526.7 470.4 455.0 425.6 400.9 363.4 315.0 315.8 297.1 249.4 242.5 245.7 245.9 300.4 285.2 298.6 280.4 205.1 208.8 204.9 186.5 169.1 147.8 139.3 134.8 126.7 116.8 107.5 103.4 102.3 99.5 107 110.3 107.9 97.2 88.8 75.9 19.1 75.2 64.2 59.2 65.5 70.0 50.5 43.7 36.7 33.6 27.9 25.7 21.8 19.2 18.3 15.4
Operating Expenses
R&D Expenses 959.7 890.3 853.6 824.7 822.8 776.5 735.1 711.3 702.5 673.3 657.2 658.0 687.3 673.9 662.7 716.8 657.5 647.5 563.9 537.3 525.2 486.9 453.8 435.0 453.8 409.4 379.8 383.2 372.8 331.8 327.0 317.2 300.7 273.4 255.2 267.1 257.1 225.2 216.1 207.3 203.5 180.9 171.8 155.1 143.1 125.9 121.0 115.2 110.3 98.1 95.5 93.1 92.0 82.1 82.5 81.5 82.8 80.8 69.5 57.9 50.9 46.0 42.1 37.9 37.4 33.2 30.0 27.1 24.2 24.1 23.4 22.2 20.5 18.6 18.2 18.9 15.7 13.2 11.9 12.0 11.2 4.8 9.0 7.5 7.2 5.9 6.3 5.7 5.0 4.8 4.7 4.1 4.2 4.0 4.0 3.5 3.2
SG&A Expenses 1,444.8 1,681.2 1,244.2 1,154.5 1,109.8 1,429.9 1,060.3 1,071.1 1,058.4 1,355.9 1,037.3 1,028.7 956.3 1,224.1 941.2 984.3 953.9 1,190.5 957.7 938.8 809.7 1,038.1 799.2 711.6 755.9 1,133.5 787.0 827.8 818.5 905.9 779.3 838.0 757.5 659.7 528.0 488.3 465.6 444.0 435.2 354.4 335.2 333.2 319.0 293.0 286.2 279.5 223.7 180.8 193.0 183.0 162.3 165.6 173.3 147.6 143.8 148.0 165.0 148.8 118.9 125.7 127.3 82.0 98.4 91.7 92.4 84.2 70.1 59.5 75.3 71.0 61.0 53.4 68.8 77.8 62.1 46.6 84.3 77.3 69.3 53.8 61.3 13.5 43.0 33.2 42.5 54.9 43.6 42.3 45.1 28.2 23.8 18.8 24.2 20.6 17.5 16.3 16.2
Other 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 4.9 (1.2) (2.0) (1.7) (1.7) (1.6) (0.1) 0 0 (1.4) (2.0) (0.8) 0 (2.3) 3.2 (0.9) (1.3) (1.1) (0.6) (1.4) (49.8) (2.9) (1.5) (1.1) 0 0 0 0 0 2.1 2.1 0 0 0 1.0 0
Operating Expenses 2,404.5 2,571.5 2,097.8 1,979.2 1,932.7 2,206.4 1,795.3 1,782.3 1,760.8 2,029.2 1,694.5 1,686.6 1,643.6 1,898.0 1,603.9 1,701.1 1,611.4 1,838.0 1,521.6 1,476.1 1,334.9 1,525.0 1,253.0 1,146.7 1,209.7 1,542.9 1,166.7 1,211.0 1,191.3 1,237.7 1,106.4 1,155.2 1,058.2 933.1 783.3 755.3 722.7 669.2 651.3 561.7 538.7 514.1 490.8 448.1 429.3 405.4 344.6 296.0 303.3 281.1 257.9 258.7 265.3 229.7 226.3 229.6 247.8 229.5 188.4 183.5 178.2 132.8 139.2 127.5 128.2 115.7 98.5 86.5 99.5 88.8 82.7 73.3 88.4 82.2 78.0 68.7 99.1 89.2 80.1 65.3 71.1 16.3 69.7 59.7 68.9 60.8 51.6 47.9 50.1 33.0 30.7 25.1 30.6 24.6 21.5 20.8 19.4
Operating Income
Operating Income 3,957.0 2,956.7 3,248.2 3,774.7 3,347.0 2,272.8 2,909.5 2,602.8 2,632.5 1,496.1 1,916.4 1,827.2 1,714.3 549.9 1,533.0 1,578.3 1,971.6 631.8 1,755.3 1,847.6 1,959.9 954.2 1,314.9 1,357.9 958.3 458.5 980.2 706.4 459.1 215.8 480.7 462.2 446.6 245.3 208.6 127.8 256.9 153.9 106.0 70.4 49.5 59.9 73.6 74.8 97.5 65.0 110.4 129.6 97.6 82.3 57.1 57.1 31.8 19.6 16.1 16.2 (1.9) 61.9 96.8 115.1 102.2 78.5 69.5 77.3 58.3 53.3 49.3 52.8 36.5 37.9 34.1 34.2 14.9 20.1 21.6 38.3 11.2 18.7 17.1 23.5 4.8 2.8 5.5 4.5 (9.8) 4.7 18.4 2.6 (6.3) 1.5 2.9 2.8 (4.9) (2.8) (2.3) (2.5) (4.1)
Interest Expense 262.1 234.4 175.3 182.6 184.2 192.6 206.5 168.0 173.3 175.2 175.6 174.8 245.4 170.6 172.6 175.5 187.6 189.4 190.4 253.8 194.4 447.8 453.4 322.3 184.1 309.2 160.7 205.5 135.5 128.8 108.9 101.6 147.0 114.0 92.4 113.8 46.7 63.7 35.5 35.5 35.5 39.2 35.3 35.2 59.0 19.5 13.5 13.3 10.1 8.3 7.6 10.5 6.7 5.0 5.0 5.5 5.1 4.9 4.9 5.3 4.9 4.8 4.9 4.9 5.0 4.5 0.7 0.7 0.7 0 0.7 0 7.7 20.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.6 0 0
Interest Income 2,852.2 45.5 36.5 39.6 50.9 54.1 0 79.0 155.4 0 168.2 27.0 0 0 261.4 220.2 195.6 108.5 96.1 0 269.1 0 0 0 21.7 0 192.7 0 76.1 32.4 7.0 68.0 0 0 0 0 13.6 0 8.6 16.3 26.0 0 3.9 0.9 0 0 0.6 1.1 1.4 0 0 0 1.0 0.3 0.8 0 0 (0.1) 1.7 1.0 0.9 0.9 0.9 0.9 1.0 2.4 1.8 0.9 1.6 0 1.5 0 7.7 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 11,125.6 7,852.4 7,374.8 7,726.4 7,301.1 6,567.9 6,689.9 6,532.8 6,545.9 5,212.8 5,748.6 5,353.6 5,264.6 4,248.2 5,533.2 5,143.4 5,408.2 4,545.6 4,884.7 4,692.9 4,983.9 3,968.8 4,077.2 3,991.7 3,491.9 2,911.8 3,479.7 2,963.8 2,683.4 2,334.0 2,430.6 2,378.9 2,225.6 1,990.5 1,868.6 1,713.7 1,609.9 1,497.8 1,372.5 1,296.2 1,169.2 1,056.0 983.6 934.7 883.3 826.8 829.8 799.6 728.2 685.6 639.5 597.1 523.7 512.3 452.1 419.5 369.2 377.6 320.9 294.8 225.9 79.4 156.2 152.7 132.5 126.3 117.5 115.9 96.6 95.3 91.4 99.7 87.1 80.9 75.3 94.8 65.2 68.8 57.4 59.3 35.7 30.3 32.6 32.5 14.6 27.5 40.9 25.5 13.7 18.2 17.1 14.2 3.9 5.3 4.8 3.7 1.0
EBIT 6,809.2 3,002.1 3,284.7 3,814.3 3,397.9 2,326.9 2,909.5 2,681.8 2,787.9 1,372.1 2,084.6 1,854.1 1,714.3 209.9 1,794.4 1,798.5 2,167.3 740.3 1,851.4 1,847.6 2,228.9 954.2 1,314.9 1,357.9 980.0 327.1 1,173.0 706.4 535.2 248.2 487.7 530.2 446.6 245.3 208.6 127.8 270.5 133.9 114.7 86.7 75.4 59.9 77.6 75.7 97.5 61.9 111.0 130.7 99.0 82.3 57.1 57.1 7.7 19.9 16.9 16.2 (1.9) 61.8 98.5 116.1 103.1 79.4 70.4 78.3 59.3 55.8 51.1 53.6 38.1 37.9 35.6 34.2 23.0 20.1 21.6 38.3 11.2 18.7 17.1 23.5 4.8 2.8 5.5 4.5 (9.8) 4.7 18.4 2.6 (6.3) 1.5 2.9 2.8 (4.9) (2.8) (2.3) (2.5) (4.1)
Income Before Tax 6,547.1 2,767.7 3,109.4 3,631.7 3,213.7 2,134.3 2,703.0 2,513.9 2,614.6 1,148.2 1,909.0 1,679.3 1,468.9 39.3 1,621.8 1,623.1 1,979.7 550.9 1,661.0 1,593.8 2,034.5 506.4 861.5 1,035.6 795.9 149.3 1,012.3 500.9 399.7 119.4 378.8 428.6 299.6 131.3 116.2 14.0 223.8 90.3 79.1 51.2 39.9 20.7 42.2 40.5 38.4 45.5 97.5 117.4 88.9 74.0 49.5 46.6 0.9 14.9 11.9 10.7 (7.0) 56.8 93.6 110.8 98.2 74.6 65.4 73.4 54.4 51.3 50.5 53.0 37.4 38.1 34.9 35.9 22.6 25.1 26.6 43.2 16.6 23.8 21.7 27.6 7.2 4.4 7.0 5.7 (8.8) (20.9) 18.9 2.9 (5.8) (39.2) 3.3 3.3 (4.5) (57.4) (1.7) (13.4) 0
Income Tax Expense 1,264.3 349.2 562.5 506.3 323.4 265.7 339.4 366.6 282.4 210.3 231.6 191.7 163.8 (15.9) 223.6 182.1 382.2 (56.6) 211.9 240.8 327.8 (35.7) 71.5 315.4 86.8 (437.6) 347.1 230.3 55.6 (14.5) (24.0) 44.3 9.5 (54.2) (13.4) (51.6) 45.6 23.5 27.6 10.5 12.2 (22.4) 12.8 14.2 14.7 (37.9) 38.2 46.4 35.8 25.6 17.7 17.2 (1.8) 7.0 4.3 4.5 (2.4) 21.6 31.2 42.6 38.0 27.5 27.4 29.9 22.1 20.4 20.3 20.5 15.0 15.4 14.6 9.3 9.2 9.3 10.9 17.7 6.7 8.9 9.0 10.6 2.8 (33.8) 0.1 0.0 0.0 16.0 0 0 0 2.1 0 0 0 (19.6) 0 0 0.5
Net Income 5,282.8 2,418.5 2,546.9 3,125.4 2,890.4 1,868.6 2,363.5 2,147.3 2,332.2 937.8 1,677.4 1,487.6 1,305.1 55.3 1,398.2 1,441.0 1,597.4 607.4 1,449.1 1,353.0 1,706.7 542.2 790.0 720.2 709.1 587.0 665.2 270.6 344.1 133.9 402.8 384.3 290.1 185.5 129.6 65.6 178.2 66.7 51.5 40.8 27.7 43.2 29.4 26.3 23.7 83.4 59.3 71.0 53.1 48.4 31.8 29.5 2.7 7.9 7.7 6.2 (4.6) 35.2 62.5 68.2 60.2 47.1 38.0 43.5 32.3 30.9 30.1 32.4 22.4 22.7 20.4 26.6 13.3 15.8 15.7 25.5 9.9 14.9 12.8 17.0 4.4 38.2 6.9 5.7 (8.8) 5.6 18.9 2.9 (5.8) 2.3 3.3 3.3 (4.5) (2.3) (1.7) (13.4) (4.5)
Per Share Data
EPS (Basic) 1.25 0.57 0.60 0.74 0.68 0.44 0.55 0.50 0.54 0.21 0.38 0.34 0.29 0.01 0.31 0.32 0.36 0.14 0.33 0.30 0.39 0.12 0.18 0.16 0.16 0.13 0.15 0.06 0.08 0.03 0.09 0.09 0.07 0.04 0.03 0.01 0.04 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 -0.00 0.01 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 -0.00 0.00 0.01 0.00 -0.00 0.00 0.00 0.00 -0.00 -0.00 -0.00 -0.01 -0.01
EPS (Diluted) 1.23 0.56 0.59 0.72 0.66 0.43 0.54 0.49 0.53 0.21 0.37 0.33 0.29 0.01 0.31 0.32 0.35 0.13 0.32 0.30 0.38 0.12 0.17 0.16 0.16 0.13 0.15 0.06 0.08 0.03 0.09 0.09 0.06 0.04 0.03 0.01 0.04 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 -0.00 0.01 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 -0.00 -0.00 -0.01 -0.01
Shares Outstanding 4,222.8 4,229.2 4,244.6 4,252.1 4,272.7 4,277.2 4,282.4 4,300.6 4,320.9 4,415.7 4,415.4 4,438.8 4,452.4 4,452 4,448.8 4,445.6 4,441.5 4,434.6 4,427.8 4,431.6 4,432.2 4,422.2 4,415.3 4,405.7 4,393.5 4,385.5 4,380.9 4,375.9 4,369.5 4,363.9 4,358.1 4,351.0 4,341.7 4,331.1 4,324.0 4,314.0 4,306 4,297.4 4,289.4 4,284.8 4,281.2 4,276.7 4,268.7 4,253.4 4,236.3 4,222.5 4,212.0 4,199.7 4,187.2 4,162.9 4,137.6 4,073.4 3,918.0 3,889.3 3,887.9 3,886.8 3,881.9 3,750.7 3,679.8 3,672.9 3,693.1 3,681.0 3,649.9 3,674.0 3,703.8 3,703.8 3,930.2 4,051.0 4,111.4 4,111.4 4,228.6 4,324.7 4,394.3 4,394.3 4,652.8 4,762.2 4,808.5 4,794.3 4,765.7 4,086.8 3,864.9 3,808.1 3,758.5 3,723.3 3,697.1 3,679.1 3,654.8 3,632.9 3,589.7 3,559.5 3,372.0 3,310.7 3,183.2 3,142.4 3,069.1 1,430.2 573.2
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
Current Assets
Cash & Cash Equivalents 11,626.4 9,033.7 9,287.3 8,177.4 7,199.8 7,804.7 7,457.0 6,624.9 7,024.8 7,116.9 7,353.2 7,662.8 6,714.6 5,147.2 6,113.7 5,819.4 6,008.9 6,027.8 7,526.7 7,777.5 8,403.7 8,205.5 8,392.4 7,153.2 5,151.9 5,018.4 4,435.0 5,004.2 3,348.6 3,794.5 3,067.5 3,906.4 2,593.7 2,822.8 1,746.5 1,918.8 1,077.8 1,467.6 969.2 1,390.9 1,605.2 1,809.3 2,115.4 2,293.9 2,454.8 1,113.6 1,183.2 1,214.2 1,157.5 605.0 439.1 370.7 418.1 290.3 370.3 402.3 396.0 508.1 159.2 175.2 150.4 194.5 113.1 107.3 79.9 134.2 55.7 87.5 115.1 139.9 111.5 144.3 169.0 177.4 179.8 184.2 218.5 400.4 368.7 341.7 227.8 212.3 181.9 171.0 165.8 174.5 167.8 153.4 100.2 89.9 79.2 71.2 66.0 59.8 54.3 49.8 15.7
Short-Term Investments 669.0 28.7 37.1 213.1 1,171.1 1,779.0 1,766.9 31.0 21.0 21.0 514.2 914.2 1,112.9 911.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 246.1 263.4 266.2 374.1 443.3 467.2 501.4 494.2 502.9 502.9 494.9 483.6 500.1 510.8 595.4 695.9 709.4 607.8 457.8 428.1 411.1 408.5 289.8 206.6 201.2 192.3 155.9 143.7 171.8 186.5 186.0 99.7 167.5 171.4 157.4 139.3 169.2 126.5 207.7 206.4 193.8 169.5 0 0 0 0 0 0 0 0 0 0 0 46.0 45.3 45.2 45.1 44.3 43.8 43.2 42.0 0
Net Receivables 2,003.7 2,583.5 1,688.8 1,579.9 1,448.0 1,988.3 1,217.7 1,276.4 1,228.7 1,842.1 1,140.0 1,218.3 1,025.5 1,586.9 875.0 765.4 824.6 804.3 782.4 775.2 807.0 610.8 604.8 565.7 1,081.5 454.4 466.2 492.0 433.0 569.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,335.8 1,223.6 1,155.4 0 705.4 499.4 265.9 0 138.4 93.1 55.6 37.3 32.9 0 33.3 18.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 2,170.0 876.3 1,482.2 1,571.7 1,394.3 1,096.4 1,251.8 1,237.7 1,192.7 529.3 1,289.7 1,229.5 1,143.6 1,228.4 1,436.3 887.6 845.3 913.9 801.7 756.7 623.2 742.2 620.1 640.5 0 524.7 238.7 196.8 209.9 5,151.2 5,662.4 5,440.5 5,223.9 4,847.2 4,638.9 4,535.9 4,319.1 3,986.5 3,850.6 3,552.7 3,471.4 3,121.1 2,960.1 2,803.8 2,581.3 2,318.6 2,156.7 1,954.0 1,918.5 1,858.4 1,683.8 1,458.1 1,474.0 1,432.8 57.7 52.3 45.8 977.0 41.8 33.8 38.4 224.6 37.7 35.2 0 26.7 23.9 61.5 22.9 16.4 25.3 23.2 16.5 18.3 18.5 20.3 22.3 13.8 14.2 16.4 17.5 18.3 3.4 2.5 1.4 10.1 1.3 0.6 0.5 0.2 0.3 0.2 0.8 0.4 1.6 0.8 2.1
Total Current Assets 17,071.0 13,020.2 12,962.9 11,993.1 11,697.6 13,100.4 12,129.1 9,615.6 9,921.3 9,918.1 10,779.5 11,506.3 10,482.6 9,266.5 8,816.9 7,840.8 8,098.0 8,069.8 9,415.8 9,604.3 10,107.5 9,761.6 9,826.5 8,564.1 6,447.8 6,178.5 5,327.8 5,877.2 4,168.9 9,694.1 8,730.0 9,346.9 7,817.6 7,670.0 6,385.3 6,700.8 5,660.3 5,720.3 5,193.9 5,386.9 5,543.8 5,431.8 5,569.7 5,600.5 5,539.1 3,927.1 3,823.5 3,668.4 3,586.8 3,058.8 2,849.3 2,570.3 2,557.1 2,240.8 2,225.0 2,137.8 2,058.7 1,830.9 1,190.1 969.4 721.6 637.2 492.2 441.2 379.5 411.0 235.0 342.6 364.9 358.9 301.4 359.2 326.2 416.5 418.3 410.6 426.3 428.4 395.1 370.1 255.3 243.7 191.9 182.4 174.0 187.3 176.6 158.7 149.0 138.9 127.6 119.6 113.2 107.1 101.3 95.0 19.9
Non-Current Assets
Property, Plant & Equipment 4,248.3 2,004.3 1,837.9 1,743.6 1,644.3 1,593.8 1,568.2 1,511.0 1,501.2 1,491.4 1,498.4 3,659.7 1,413.1 1,398.3 1,372.8 1,361.9 1,383.8 1,323.5 1,220.1 1,107.4 1,015.4 960.2 828.1 751.9 650.5 565.2 482.0 452.4 434.4 418.3 371.2 349.6 341.9 319.4 322.4 309.8 275.1 250.4 191.9 162.9 166.3 173.4 181.3 171.4 145.8 149.9 144.1 141.7 133.5 133.6 127.3 127.9 129.3 131.7 133.6 124.6 128.2 136.4 144.0 136.9 134.8 128.6 125.1 123.3 127.2 131.7 122.1 120.3 123.8 124.9 128.5 256.5 87.0 77.3 71.6 67.4 64.5 55.5 43.2 98.6 40.1 40.2 30.4 27.4 23.6 18.7 13.6 11.1 10.3 9.8 25.0 23.5 14.6 5.6 12.9 12.8 14.1
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 32,778.4 32,639.9 32,089.4 32,040.8 32,452.5 32,175.4 31,927.4 31,662.1 31,658.1 31,749.9 32,520.8 32,349.2 32,736.7 32,777.3 32,533.2 31,191.9 30,919.5 28,974.0 27,291.6 26,044.0 25,384.0 25,067.6 25,155.1 25,266.9 24,504.6 23,235.0 21,945.7 20,888.8 14,951.1 13,408.4 12,292.1 11,314.8 10,371.1 9,739.7 9,078.5 8,029.1 7,274.5 6,677.7 5,742.9 5,260.2 4,312.8 3,891.8 3,640.8 3,312.4 2,773.3 2,631.9 2,348.8 2,179.5 2,091.1 1,808.4 1,682.2 1,576.7 1,506.0 0 0 0 1,046.9 0 0 0 0 120.0 94.7 0 108.8 104.5 100.3 0 98.5 122.6 0 145.4 132.5 114.3 113.9 114.1 104.9 93.0 1.0 74.4 57.5 0.5 0.1 0.5 1.0 1.4 1.9 2.3 2.9 3.7 4.5 5.3 6.1 6.9 7.7 8.4
Long-Term Investments 244.6 0 0 0 0 0 0 0 0 0 0 0 0 0 23.8 24.1 24.6 24.1 24.3 24.4 30.6 31.5 27.1 24.3 23.8 16.3 23.4 22.6 20.2 16.3 0 6.4 4.5 4.4 3.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 39,452.0 7,794.1 7,494.1 7,273.6 6,704.8 6,483.8 6,409.2 6,045.0 5,743.1 5,664.4 5,474.1 3,130.7 5,245.4 5,193.3 4,571.4 4,591.0 4,632.6 4,247.7 3,105.6 2,943.2 2,925.5 3,143.1 2,873.2 2,679.8 2,671.0 2,711.2 1,873.6 1,873.4 1,706.3 894.6 856.7 668.6 674.0 647.9 500.5 428.1 394.6 341.4 283.9 300.8 292.0 284.8 273.5 242.2 243.4 192.2 178.8 166.9 148.4 129.1 116.4 100.3 100.2 89.4 83.6 1,215.9 1,293.5 55.1 28.5 13.2 211.3 198.8 13.7 12.8 122.8 12.3 13.3 11.5 116.9 10.6 10.7 10.8 10.4 40.9 3.5 4.1 4.4 4.3 2.6 24.3 2.3 2.0 55.5 58.8 55.4 44.8 44.0 32.6 29.6 24.3 2.5 2.5 2.6 11.7 1.8 2.3 2.3
Total Non-Current Assets 43,944.9 42,576.8 41,971.9 41,106.6 40,390.0 40,530.0 40,152.7 39,483.3 38,906.4 38,813.9 38,722.3 39,311.1 39,007.7 39,328.3 38,745.3 38,510.2 37,232.9 36,514.8 33,324.1 31,366.7 30,015.5 29,518.8 28,796.1 28,611.1 28,612.1 27,797.2 25,614.0 24,294.2 23,049.7 16,280.3 14,636.2 13,316.6 12,335.2 11,342.8 10,566.2 9,816.4 8,698.8 7,866.3 7,153.4 6,206.6 5,718.4 4,771.0 4,346.6 4,054.4 3,701.6 3,115.4 2,954.8 2,657.4 2,461.3 2,353.8 2,052.0 1,910.4 1,806.2 1,727.1 1,583.8 1,340.5 1,421.7 1,238.3 771.4 601.2 368.6 344.8 278.0 252.8 268.8 268.7 257.2 249.4 263.8 256.5 281.6 286.9 259.5 267.0 205.9 201.7 198.8 180.4 155.5 142.6 137.6 121.0 86.4 86.3 79.5 64.4 59.1 45.5 42.3 37.1 31.3 30.5 22.4 23.5 21.6 22.9 24.9
Total Assets 61,015.9 55,597.0 54,934.8 53,099.7 52,087.6 53,630.4 52,281.8 49,098.9 48,827.7 48,732.0 49,501.8 50,817.5 49,490.3 48,594.8 47,562.2 46,350.9 45,330.9 44,584.7 42,739.9 40,971.0 40,123.0 39,280.4 38,622.5 37,175.3 35,059.9 33,975.7 30,941.7 30,171.3 27,218.6 25,974.4 23,366.2 22,663.5 20,152.8 19,012.7 16,951.5 16,517.2 14,359.1 13,586.6 12,347.3 11,593.5 11,262.3 10,202.9 9,916.3 9,654.9 9,240.6 7,042.5 6,778.3 6,325.8 6,048.1 5,412.6 4,901.3 4,480.8 4,363.3 3,967.9 3,808.8 3,478.3 3,480.5 3,069.2 1,961.6 1,570.7 1,090.2 982.1 770.3 694.0 648.3 679.7 492.1 592.0 628.7 615.4 583.0 646.0 585.7 683.5 624.2 612.3 625.1 608.8 550.6 512.7 392.9 364.7 278.3 268.7 253.6 251.8 235.6 204.2 191.2 176.0 158.9 150.1 135.6 130.5 122.9 117.9 44.7
Current Liabilities
Account Payables 894.7 900.6 793.2 632.7 614.5 899.9 642.0 598.6 607.3 747.4 534.4 615.4 592.0 671.5 560.2 504.3 617.2 837.5 643.1 622.9 532.9 656.2 541.3 446.7 545.5 674.3 444.1 442.2 439.5 563.0 441.4 448.2 436.2 359.6 301.4 273.4 294.8 312.8 285.8 240.5 231.9 253.5 209.4 211.7 190.6 201.6 150.4 137.2 133.9 108.4 100.9 103.4 102.8 86.5 91.5 91.0 83.1 87.0 750.1 533.4 301.0 222.8 170.1 120.0 102.7 92.5 93.5 101.6 112.8 100.3 109.3 109 114.6 104.4 89.5 70.8 94.0 93.9 82.0 70.8 78.0 63.5 44.0 56.2 52.6 49.8 47.7 42.6 43.2 32.7 28.5 28.0 22.2 20.4 18.1 13.4 16.3
Short-Term Debt 1,432.7 998.9 0 0 1,005.9 1,784.5 1,820.4 1,800.0 798.9 399.8 399.6 399.4 399.2 0 0 0 0 699.8 699.5 699.1 698.8 499.9 499.5 499.2 498.8 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 1.2 1.1 1.0 0 0.8 0 0 0 0 0 0 0 0 0 0 0 0.1 0.2 0.3 0.4 0.4 0.4 0.8 0.9 1.2 1.5 1.9 2.5
Deferred Revenue 1,743.4 1,775.7 1,724.7 1,728.4 1,609.7 1,520.8 1,513.0 1,473.7 1,469.5 1,443.0 1,306.2 1,311.9 1,262.3 1,264.7 1,176.3 1,224.7 1,239.0 1,209.3 1,182.6 1,187.4 1,140.3 1,118.0 1,040.2 1,029.3 986.8 924.7 915.5 892.8 808.7 760.9 716.7 697.7 673.9 618.6 535.4 505.3 458.7 443.5 427.2 397.0 374.2 346.7 329.7 301.8 285.3 274.6 253.0 241.3 230.0 215.8 195.8 186.6 178.9 169.5 155.1 152.8 150.6 148.8 160.9 146.9 143.0 127.2 103.0 101.4 100.1 100.1 79.1 80.5 80.6 83.1 65.9 67.9 68.4 71.7 56.3 60.5 64.2 69.7 49.9 49.0 47.9 48.5 34.4 33.5 32.5 31.9 26.7 25.3 21.5 18.3 13.8 12.4 11.2 9.7 7.2 7.1 6.3
Other Current Liabilities 8,060.8 4,084.9 4,102.6 4,091.8 3,691.6 3,965.2 4,057.3 3,974.4 4,038.4 4,083.2 3,882.2 4,440.4 3,981.3 4,124.2 3,891.6 3,838.0 3,735.4 3,977.8 3,819.8 3,922.8 4,029.9 4,173.3 4,362.7 4,437.7 4,565.6 4,222.9 4,699.6 4,710.5 4,740.9 4,681.6 4,613.0 4,541.1 4,466.1 4,173.0 4,142.1 4,095.4 3,861.4 3,632.7 3,497.2 3,242.3 3,145.9 2,789.0 2,623.0 2,556.2 2,425.6 2,117.2 2,074.8 1,858.0 1,844.9 1,776.0 1,592.0 1,321.2 1,355.0 1,366.8 1,280.9 1,204.2 1,163.8 932.7 0 0 0 12.4 207.1 0 0 6.4 0 0 0 (1.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 12,131.6 10,980.9 9,731.9 8,942.3 9,718.5 10,755.4 10,707.1 10,140.0 9,289.2 8,860.7 8,338.7 8,675.8 8,316.1 7,931.0 7,765.9 7,500.0 7,739.7 8,489.0 8,049.2 7,832.9 7,961.8 7,805.8 7,939.8 7,626.4 7,853.7 6,855.7 7,257.9 6,934.0 6,857.8 6,487.3 6,298.2 6,079.6 6,005.6 5,466.3 5,310.7 5,122.9 4,911.2 4,586.7 4,411.4 4,051.8 3,933.6 3,529.6 3,341.4 3,220.1 3,008.8 2,663.2 2,548.7 2,335.1 2,263.7 2,154.2 1,935.1 1,670.3 1,688.7 1,675.9 1,598.2 1,498.8 1,446.7 1,225.1 968.0 726.7 490.3 388.6 312.1 258.2 243.4 227.4 203.5 211.2 226.7 216.0 207.9 205.4 227.0 213.4 187.8 167.0 191.7 193.4 162.5 145.3 154.2 137.6 98.8 103.4 100.8 94.9 90.3 81.9 77.5 63.0 53.6 51.5 43.9 40.4 34.9 30.2 29.4
Non-Current Liabilities
Long-Term Debt 13,361.3 13,464.0 14,463.0 14,453.2 14,011.0 13,798.4 14,160.9 12,180.0 13,217.0 14,143.4 13,900.8 14,070.2 14,038.0 14,353.1 13,888.1 14,233.3 14,534.6 14,693.1 14,793.7 14,926.9 14,860.6 15,809.1 15,547.6 15,295.0 14,170.7 14,759.3 12,425.7 12,594.1 10,305.0 10,360.1 8,336.6 8,342.1 6,542.4 6,499.4 4,888.8 4,836.5 3,365.4 3,364.3 2,374.0 2,373.1 2,372.2 2,371.4 2,400 2,400 2,400 885.8 900 900 900 500 500 500 700 400 400 400 400 400 200 200 200 200 234.7 200 200 200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.2
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 2,448.4 4,536.6 4,785.9 4,752.2 2,360.7 2,349.4 2,598.4 2,539.1 2,858.1 3,092.8 3,068.2 3,092.0 3,152.7 3,310.8 3,170.3 3,202.8 3,078.6 3,144.9 2,360.0 2,305.3 2,504.7 2,654.6 2,948.8 3,232.1 3,226.2 3,356.0 3,443.9 3,591.4 3,587.7 3,888.3 3,721.8 3,745.2 3,584.1 3,465.0 3,424.7 3,445.3 3,090.9 2,955.8 3,033.0 2,752.8 2,639.2 2,078.5 1,985.7 1,994.6 1,913.6 1,635.8 1,594.7 1,470.1 1,394.8 1,424.8 1,249.0 1,141.5 (700) (400) 1,093.8 891.2 970.4 801.3 372.8 277.0 90.6 69.2 31.5 24.0 22.4 16.6 19.5 19.1 18.0 14.3 12.0 12.6 3.3 4.6 1.9 1.2 1.2 1.1 1.1 1.0 0.9 0.8 0.9 0.8 0.7 0.6 0.5 0.4 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 102.1
Total Non-Current Liabilities 17,757.9 18,000.6 19,248.9 19,205.4 18,341.1 18,131.4 18,854.0 16,846.2 18,173.1 19,283.0 19,055.4 19,309.5 19,346.1 19,886.4 19,268.1 19,774.9 20,047.2 20,246.4 19,376.0 19,274.2 19,277.2 20,409.3 20,349.4 20,214.1 18,796.9 19,537.9 16,822.3 17,131.8 14,657.8 14,248.3 12,058.3 12,087.3 10,126.5 9,964.5 8,313.5 8,281.8 6,474.2 6,320.2 5,407.0 5,125.8 5,011.4 4,449.8 4,407.5 4,402.7 4,322.6 2,521.6 2,504.8 2,381.0 2,306.1 1,924.8 1,761.8 1,704.9 1,861.7 1,547.3 1,493.8 1,291.2 1,370.4 1,201.3 605.2 509.9 324.1 303.3 266.2 259.2 258.1 253.2 56.4 56.4 55.7 52.3 50.3 51.2 3.3 40.3 1.9 1.2 1.2 1.1 1.1 1.0 0.9 0.8 0.9 0.8 0.7 0.6 0.5 0.4 0.2 0.3 0.4 0.5 0.7 0.7 0.7 1.0 106.2
Total Liabilities 29,889.5 28,981.5 28,980.8 28,147.8 28,059.6 28,886.8 29,561.1 26,986.2 27,462.3 28,143.7 27,394.2 27,985.3 27,662.1 27,817.4 27,034.0 27,275.0 27,786.9 28,735.4 27,425.2 27,107.1 27,238.9 28,215.1 28,289.2 27,840.5 26,650.6 26,393.6 24,080.2 24,065.8 21,515.6 20,735.6 18,356.6 18,166.9 16,132.1 15,430.8 13,624.2 13,404.7 11,385.4 10,906.8 9,818.4 9,177.7 8,945.0 7,979.4 7,748.9 7,622.8 7,331.4 5,184.8 5,053.5 4,716.1 4,569.7 4,079.0 3,697.0 3,375.1 3,550.4 3,223.2 3,092.0 2,790.1 2,817.1 2,426.4 1,573.2 1,236.7 814.5 691.9 578.3 517.3 501.6 480.6 259.9 267.6 282.4 268.3 258.2 256.6 230.2 253.7 189.8 168.2 192.9 194.6 163.6 146.4 155.1 138.4 99.6 104.2 101.5 95.5 90.8 82.3 77.7 63.3 54.0 52.1 44.6 41.2 35.6 31.2 135.6
Stockholders' Equity
Common Stock 7,478.5 7,286.4 7,080.3 6,932.8 6,677.5 6,252.1 5,887.9 5,680.1 5,489.9 5,145.2 5,011.4 4,874.2 4,762.4 4,637.6 4,474.0 4,316.9 4,155.6 4,024.6 3,852.5 3,721.2 3,600.1 3,447.7 3,303.5 3,127.8 2,935.5 2,793.9 2,678.0 2,566.4 2,439.8 2,316.0 2,215.7 2,103.4 1,995.2 1,871.4 1,807.1 1,727.9 1,669.1 1,599.8 1,503.6 1,443.7 1,382.1 1,324.8 1,306.5 1,200.9 0.1 1,042.9 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings 47,564.9 42,282.1 39,863.6 37,316.7 34,191.3 31,300.9 29,432.3 27,068.8 24,921.5 22,589.3 21,651.4 19,974.0 18,486.4 17,181.3 17,126.0 15,727.8 14,286.8 12,689.4 12,081.9 10,632.9 9,279.9 7,573.1 7,031.0 6,241.0 5,520.8 4,811.7 4,224.8 3,559.5 3,288.9 2,942.4 2,808.4 2,405.6 2,021.2 1,731.1 1,545.6 1,416.0 1,350.4 1,128.6 1,061.9 1,010.3 969.6 941.9 898.7 869.3 843.0 819.3 735.9 676.6 605.6 552.5 504.1 472.2 442.8 440.1 432.2 424.5 418.3 422.9 387.7 333.1 275.1 237.7 190.6 175.8 146.2 198.8 193.4 163.3 130.8 108.5 85.7 65.3 39.7 25.4 10.6 (5.1) (30.7) (40.6) (55.4) (68.2) (85.3) (89.7) (127.9) (134.8) (140.5) (131.7) (137.3) (156.2) (159.1) (153.3) (155.6) (158.9) (163.7) (159.2) (156.9) (155.2) (141.8)
Accumulated Other Comprehensive Income (235.0) (580.4) (719.3) (904.7) (85.7) 362.2 (344.6) (89.1) (111.9) (223.9) (155.6) (139.3) (191.7) (217.3) (247.6) (144.5) (74.2) (40.5) (19.8) 9.8 4.1 44.4 (1.1) (34.1) (47.1) (23.5) (41.2) (20.4) (25.6) (19.6) (14.5) (12.4) 4.3 (20.6) (25.4) (31.4) (45.9) (48.6) (36.5) (38.2) (34.4) (43.3) (37.9) (38.1) (43.2) (4.4) 1.6 6.5 4.5 3.6 1.6 (1.7) 0.3 2.9 3.0 1.0 1.6 0.7 0.6 0.9 0.6 0.8 1.3 0.8 0.5 0.3 0.6 0.7 (0.4) 0.1 (2.4) (0.8) 0.3 1.6 0.7 (0.5) 0.5 0 0 0 0 (1.3) (1.6) (2.4) (3.5) (4.9) (3.1) (4.2) (3.2) (4.9) (5.4) (6.9) (10.0) (10.6) (13.2) (19.1) (23.9)
Total Stockholders' Equity 31,126.4 26,615.5 25,954.0 24,951.9 24,028.1 24,743.6 22,720.7 22,112.7 21,365.4 20,588.3 22,107.6 22,832.2 21,828.2 20,777.4 20,528.1 19,076.0 17,544.0 15,849.2 15,314.6 13,863.9 12,884.1 11,065.2 10,333.3 9,334.8 8,409.3 7,582.2 6,861.5 6,105.5 5,703.1 5,238.8 5,009.7 4,496.6 4,020.7 3,582.0 3,327.4 3,112.5 2,973.7 2,679.8 2,529.0 2,415.8 2,317.2 2,223.4 2,167.3 2,032.1 1,909.2 1,857.7 1,724.9 1,609.7 1,478.4 1,333.6 1,204.4 1,105.6 812.9 744.7 716.8 688.2 663.4 642.8 388.4 334.0 275.7 290.2 192.0 176.6 146.7 199.1 232.2 324.4 346.3 347.2 324.8 389.5 355.4 429.8 434.4 444.1 432.2 414.2 387.0 366.4 237.8 226.3 178.7 164.5 152.1 156.3 144.8 121.9 113.5 112.7 104.9 98.0 91.1 89.4 87.3 86.7 (90.9)
Total Liabilities & Equity 61,015.9 55,597.0 54,934.8 53,099.7 52,087.6 53,630.4 52,281.8 49,098.9 48,827.7 48,732.0 49,501.8 50,817.5 49,490.3 48,594.8 47,562.2 46,350.9 45,330.9 44,584.7 42,739.9 40,971.0 40,123.0 39,280.4 38,622.5 37,175.3 35,059.9 33,975.7 30,941.7 30,171.3 27,218.6 25,974.4 23,366.2 22,663.5 20,152.8 19,012.7 16,951.5 16,517.2 14,359.1 13,586.6 12,347.3 11,593.5 11,262.3 10,202.9 9,916.3 9,654.9 9,240.6 7,042.5 6,778.3 6,325.8 6,048.1 5,412.6 4,901.3 4,480.8 4,363.3 3,967.9 3,808.8 3,478.3 3,480.5 3,069.2 1,961.6 1,570.7 1,090.2 982.1 770.3 694.0 648.3 679.7 492.1 592.0 628.7 615.4 583.0 646.0 585.7 683.5 624.2 612.3 625.1 608.8 550.6 512.7 392.9 364.7 278.3 268.7 253.6 251.8 235.6 204.2 191.2 176.0 158.9 150.1 135.6 130.5 122.9 117.9 44.7
Debt Metrics
Total Debt 16,742.2 14,462.8 14,463.0 14,453.2 17,423.5 17,995.0 18,508.6 16,524.2 16,511.6 16,973.4 16,764.2 16,993.7 16,955.8 16,931.6 16,432.2 16,909.1 17,299.6 18,116.6 18,006.6 17,943.1 17,739.3 18,510.8 18,137.1 17,708.2 16,265.5 16,372.5 13,539.4 13,678.1 11,192.5 10,360.1 8,336.6 8,342.1 6,542.4 6,499.4 4,888.8 4,836.5 3,383.3 3,364.3 2,374.0 2,373.1 2,372.2 2,371.4 2,421.8 2,408.1 2,409 885.8 910.1 910.9 911.3 500 512.8 563.4 700 400 400 400 400 402.3 234.7 235.2 235.7 236.2 236.7 237.2 237.6 238.0 38.3 38.6 38.9 40.3 39.4 39.6 0 36.5 0 0 0 0 0 0 0 0 0 0 0 0.1 0.2 0.3 0.4 0.5 0.6 1.1 1.3 1.7 1.9 2.7 6.6
Net Debt 5,115.8 5,429.2 5,175.7 6,275.8 10,223.6 10,190.2 11,051.6 9,899.3 9,486.8 9,856.5 9,411.0 9,330.9 10,241.3 11,784.4 10,318.4 11,089.6 11,290.6 12,088.8 10,479.9 10,165.6 9,335.6 10,305.3 9,744.7 10,554.9 11,113.6 11,354.1 9,104.3 8,673.9 7,844.0 6,565.6 5,269.1 4,435.7 3,948.7 3,676.6 3,142.3 2,917.7 2,305.5 1,896.7 1,404.8 982.2 767.0 562.0 306.4 114.2 (45.8) (227.8) (273.1) (303.3) (246.2) (105.0) 73.7 192.7 281.9 110 29.7 (2.3) 4.0 (105.7) 75.5 60.0 85.3 41.7 86.9 129.8 157.8 103.8 (17.4) (48.9) (76.3) (99.6) (72.1) (104.7) (169.0) (141.0) (179.8) (184.2) (218.5) (400.4) (368.7) (341.7) (227.8) (212.3) (181.9) (171.0) (165.8) (174.4) (167.7) (153.2) (99.8) (89.4) (78.6) (70.1) (64.7) (58.1) (52.4) (47.1) (9.1)
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
Operating Activities
Net Income 5,282.8 2,418.5 2,546.9 3,125.4 2,890.4 1,868.6 2,363.5 2,147.3 2,332.2 937.8 1,677.4 1,487.6 1,305.1 55.3 1,398.2 1,441.0 1,597.4 607.4 1,449.1 1,353.0 1,706.7 542.2 790.0 720.2 709.1 587.0 665.2 270.6 344.1 133.9 402.8 384.3 290.1 185.5 129.6 65.6 178.2 66.7 51.5 40.8 27.7 43.2 29.4 26.3 23.7 83.4 59.3 71.0 53.1 48.4 31.8 29.5 2.7 7.9 7.7 6.2 (4.6) 35.2 62.5 68.2 60.2 47.1 38.0 43.5 32.3 30.9 30.1 32.4 22.4 22.7 20.4 26.5 13.4 15.8 15.7 25.6 9.9 14.9 12.8 17.0 4.4 38.2 6.9 5.7 (8.8) 5.6 18.9 2.9 (5.8) 2.3 3.3 5.5 (4.5) (2.3) (1.7) (13.4) (4.5)
Depreciation & Amortization 4,316.5 4,850.2 4,090.1 3,912.1 3,903.2 4,241.0 3,780.4 3,850.9 3,758.0 3,840.6 3,664.0 3,499.4 3,550.3 4,038.2 3,738.8 3,344.9 3,241.0 3,805.3 3,033.3 2,845.2 2,754.9 3,014.6 2,762.3 2,633.8 2,511.9 2,607.5 2,313.3 2,265.1 2,156.8 2,085.8 1,942.9 1,848.7 1,779.0 1,745.2 1,660.0 1,585.9 1,339.3 1,363.9 1,257.8 1,209.5 1,093.8 996.1 906.0 859.0 785.9 764.8 718.8 668.9 629.2 603.3 582.4 540.0 516.0 492.4 435.2 403.3 371.1 315.9 503.8 (102.7) 122.8 (195.3) 85.8 74.5 73.2 70.5 66.3 62.2 58.5 57.3 55.8 65.6 64.1 60.8 54.0 56.1 54.0 50.1 40.3 35.8 30.9 27.5 27.0 28.1 24.4 22.8 22.5 22.9 20.0 16.7 14.2 11.3 8.8 8.1 7.0 6.3 5.1
Stock-Based Compensation 140.4 134.6 81.0 80.9 72.0 61.8 65.7 68.8 76.3 82.5 79.7 78.0 99.1 153.8 152.1 150.4 119.2 99.3 95.1 101.6 107.2 107.6 106.4 104.2 97.0 100.1 100.3 103.8 101.2 88.7 82.3 81.2 68.4 48.5 44.8 44.0 44.9 43.6 43.5 44.1 42.4 35.9 32.8 28.6 27.4 30.3 29.9 29.3 25.8 18.9 18.5 18.0 17.7 17.7 18.5 18.4 19.3 18.1 15.7 15.5 12.3 8.3 7.3 6.9 5.5 3.0 3.2 3.3 3.1 12.3 3.0 2.9 3.1 12.0 3.1 2.8 2.8 14.3 3.2 3.1 3.3 16.6 3.3 3.4 4.3 10.7 0 4.1 4.4 8.8 0 0 4.6 5.7 1.5 1.4 0
Change in Working Capital 105.3 (252.4) 575.8 (684.9) (94.7) (70.5) 179.6 (247.2) 105.0 59.0 (75.7) (35.2) (64.2) (753.9) 93.3 (122.7) 25.3 (28.7) 183.7 (176.9) (220.1) (125.1) 345.7 (210.7) (41.8) (236.9) 231.2 4.4 44.4 1.1 92.6 (6.3) 206.3 21.2 92.0 (135.5) 81.2 17.9 86.2 54.7 33.6 (55.3) 96.3 24.2 80.9 (27.5) 35.9 49.7 79.0 49.9 (9.0) 53.9 25.1 (25.6) 27.1 7.8 16.7 25.6 (7.6) (42.7) 134.9 137.3 40.9 71.3 (22.2) 6.5 (16.4) (15.2) (11.8) (23.2) 1.2 (7.7) 5.7 14.1 7.1 5.3 3.5 24.8 2.6 (11.9) 19.7 31.1 (3.2) (0.5) 10.7 0.7 5.1 2.2 15.5 8.8 2.5 7.3 4.4 6.0 4.7 2.3 3.0
Other Non-Cash Items (4,613.6) (4,876.4) (4,489.1) (3,874.5) (3,817.6) (4,490.9) (3,867.1) (4,319.5) (3,952.0) (3,085.9) (3,266.8) (3,486.5) (2,612.8) (3,125.5) (4,767.7) (4,594.9) (3,991.2) (4,824.4) (4,729.8) (4,237.8) (3,731.3) (3,517.3) (2,700.3) (2,429.8) (3,062.9) (4,330.9) (3,863.9) (3,223.2) (3,032.8) (3,530.2) (3,171.6) (2,816.7) (2,558.6) (2,384.3) (2,288.9) (2,073.8) (1,960.7) (2,022.6) (1,915.3) (1,557.5) (1,409.4) (1,276.6) (1,231.1) (1,115.3) (1,008.3) (896.9) (873.4) (746.3) (737.7) (668.2) (586.6) (605.4) (567.0) (504.9) (472.7) (411.2) (372.6) (328.3) (519.5) 152.0 (208.9) 97.3 (133.0) (130.7) (10.6) (6.7) (4.9) (13.3) (6.0) (13.1) (3.3) (6.5) (7.7) (16.9) (9.1) (17.3) (6.8) (19.6) (6.2) (5.0) (2.8) (49.8) (0.8) 3.2 0.0 3.5 2.7 4.0 4.1 3.6 1.9 (0.5) 4.2 2.6 1.0 13.0 3.0
Operating Cash Flow 5,290.2 2,111.6 2,825.2 2,423.3 2,789.2 1,536.9 2,321.1 1,290.8 2,212.5 1,663.0 1,992.3 1,440.2 2,178.7 443.9 556.8 102.8 922.8 (403.3) 82.4 (63.8) 777.3 (137.7) 1,263.8 1,041.1 259.9 (1,462.0) (501.8) (543.8) (379.8) (1,235.1) (690.4) (518.2) (236.8) (488.0) (419.6) (534.5) (343.9) (557.2) (461.9) (226.3) (228.6) (244.7) (196.0) (181.3) (127.4) (38.5) (37.4) 56.0 36.4 41.4 34.7 33.9 (12.2) (16.2) 0.1 19.7 19.1 65.5 49.5 86.4 116.3 96.7 42.2 62.0 75.4 105.8 78.3 75.3 65.6 54.8 73.2 78.3 77.7 86.1 70.6 72.1 63.0 87.1 56.8 46.3 57.6 63.7 33.3 36.5 29.4 32.5 49.3 32.0 33.8 31.4 22.0 23.6 12.8 14.4 11.1 8.1 6.5
Investing Activities
Capital Expenditure (196.1) (239.3) (164.7) (155.9) (128.3) (158.7) (126.9) (78.3) (75.7) (81.6) (103.9) (101.0) (62.0) (111.6) (85.0) (90.0) (121.2) (166.0) (167.3) (110.3) (81.0) (148.4) (109.8) (141.7) (98.0) (107.7) (50.0) (47.4) (69.6) (77.6) (47.1) (39.9) (48.0) (32.1) (44.2) (72.9) (77.9) (79.8) (44.6) (28.7) (31.6) (33.7) (52.3) (47.3) (35.9) (38.9) (36.6) (40.9) (28.2) (38.3) (26.3) (22.1) (33.4) (37.3) (13.9) (3.6) (4.8) (95.8) (14.1) (8.6) (16.3) (14.9) (7.7) (5.7) (43.4) (22.4) (56.3) (6.9) (6.8) (8.5) (50.9) (136.0) (12.4) (10.4) (7.4) (73.3) (86.6) (67.8) (37.8) (43.6) (48.2) (12.4) (5.4) (68.2) (6.8) (6.9) (4.2) (2.0) (1.8) (23.0) (15.1) (19.4) (7.0) (9.9) (6.4) (4.2) (6.3)
Acquisitions (585.7) 0 0 0 0 0 0 0 0 198.7 0 (198.7) 0 (564.0) 0 (68.9) (124.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 (255.2) 0 0 0 (10.2) (7.6) (25.4) (18.8) (17.2) (17.9) (23.2) (20.8) (14.5) (19.8) (22.9) (23.4) (15.5) (21.0) (14.9) (15.2) (15.5) (14.0) (21.2) (18.1) (8.6) (8.0) (13.5) (23.1) (20.8) (19.1) (22.1) 80.1 (26.8) (57.3) 4.0 3.9 3.3 (42.1) (0.2) 6 13.7 65.1 (71.1) (58.1) (160.6) 7.4 5.6 0 0 0 0 (30.2) 0 0 (33.0) (23.3) (32.0) (24.1) (23.6) 0 0 0 0 0 0 0 0
Purchases of Investments 0 (8.4) (3.9) (1.6) (156.0) 0 (1,742.2) 0 0 0 0 (303.2) (201.6) (911.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.8) 0 0 0 (2.8) (14.2) (57.8) (5.6) (128.1) (18.5) (35.0) (146.6) (66.4) (67.9) (90.9) (71.6) (123.9) (170.9) (60.5) (52.5) (116.1) (146.1) (235.6) (46.8) (67.8) (63.3) (299.5) (123.2) (7.7) (40.6) (52.3) (34.2) (15.4) (23.6) (34.2) (125.8) (21.0) (28.8) (52.4) (76.1) (22.9) (65.9) (92.0) (35.2) (52.0) (53.9) (264.2) 0 0 0 0 (0.6) 0 0 0 (1.1) 0 (0.2) (0.4) (0.6) (0.4) (0.4) (0.4) (0.4) (0.5) 0 0
Sales/Maturities of Investments 0 8.4 176.2 962.4 770.0 0 0 0 0 493.2 400 501.9 0 757.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 250.3 0 0 0 250.3 31.7 60.8 111.5 196.6 43.4 71.2 137.4 75.0 67.6 83.8 59.7 139.7 181.7 146.1 153.3 130.1 39.4 85.6 16.0 54.9 60.9 180.6 39.1 1.8 32.5 15.6 21.3 44.2 36.4 34.8 48.2 89.4 34.0 38.3 59.7 50.6 21.7 175.3 35.5 41.3 28.7 95.4 0 0 0 0 45.0 0 0 0 4.3 0 45.0 0.5 0 0 0 0 0 0 0 0
Other Investing Activities 0 (17.2) 36.2 (36.2) 0 0 0 0 0 (198.7) 0 198.7 0 (757.4) 0 0 0 (788.3) (21.3) (1) (4.6) 2.0 (8.8) (0.3) (0.3) (99.8) 0.6 (2.7) (10.6) (2.7) (113.9) (0.4) (1.8) (3.7) 9.1 6.6 24.6 17.2 17.4 18.8 22.9 23.1 10.7 19.1 23.1 22.9 15.9 22.1 15.2 17.4 14.1 15.1 25.2 20.6 1.9 3.1 1.3 87.4 (0.8) 0.8 1.4 (110.4) 0.0 36.9 (0.2) (57.1) 0.1 0.0 (43.6) (1.3) 3.8 5.4 4.5 3.4 133.5 0.3 (0.1) 3.2 3.4 2.8 2.2 (41.2) (20.9) 33.5 1.5 (0.1) 1.0 0.4 (0.0) 0.8 0.9 0.1 (0.4) 0.2 1.1 (41.4) 0.5
Investing Cash Flow (781.9) (256.5) 43.9 768.7 485.7 (158.7) (1,869.1) (78.3) (75.7) 411.6 296.1 97.7 (263.7) (1,586.9) (85.0) (158.9) (245.7) (954.3) (188.6) (111.3) (85.6) (146.4) (118.7) (142.0) (98.3) (207.6) (49.4) (50.0) (80.1) (80.4) (168.7) (40.3) (49.8) (35.8) 202.2 (56.4) (75.6) 24.4 24.0 (2.9) 4.3 (40.6) (47.5) (48.3) (42.8) (51.1) (20.4) (29.0) 57.6 64.6 (13.7) (127.7) (179.3) (65.6) (33.5) (10.9) (135.8) (115.6) (41.6) (34.9) (73.7) (58.2) (5.6) (13.3) (39.0) (153.3) 15.6 (43.7) (64.7) (20.2) (19.4) (109.7) 4.3 (64.9) (45.2) (90.9) (249.8) (64.6) (34.5) (40.8) (45.9) (39.4) (26.3) (34.7) (38.4) (27.1) (35.1) 19.1 (25.2) (22.8) (14.5) (19.7) (7.8) (10.1) (5.8) (45.6) (5.8)
Financing Activities
Net Debt Issuance 0 0 0 (1,033.5) (800) (1,394.5) 1,794.5 0 (400) 0 0 0 0 0 0 0 (700) 0 0 0 (500) 0 0 1,009.5 0 2,226.1 0 2,243.2 0 2,061.9 0 1,900 0 1,600 0 1,420.5 0 0 0 0 0 0.1 (0.1) 0 1,500 (0.3) (0.3) (0.3) 399.7 (0.3) (0.3) (0.3) 280.2 (0.9) (0.6) (0.6) (0.6) 197.5 (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.4) 192.6 (0.3) (0.3) (0.3) (0.2) (0.2) (0.2) (0.1) 0 0 0 0 0 0 0 0 0 0 0 (0.1) (0.1) (4.2) 4.0 (0.1) (0.1) (0.6) (0.3) (0.4) (0.2) (0.8) (14.8) (1.3)
Stock Repurchased (1,270.6) (2,079.6) (1,856.9) (1,654.3) (3,536.4) (963.7) (1,700) (1,600.0) (2,000) (2,500) (2,500.1) (645.1) (400.1) 0 0 0 0 0 (100) (500.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (39.6) (51.4) (108.6) 0 (57.4) (45.1) (107.7) (79.4) (129.7) (72.5) (42.7) (10.0) (90.0) 0 (99.9) (34.3) (35.3) (30.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (212.9) 0 0 0 (0.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (9.5) (73.9) 49.6 15.8 (43.5) 1,377.5 (11.1) (8.1) (1.8) (3.7) (32.8) (38.9) 0 0 0 0 0 (224.2) 0 0 0 0 0 (7.6) 0 (17.9) 0 (18.2) 0 (19.4) (0.5) (17.5) (0.3) (16.8) (0.2) (14.9) 0.1 1,017.1 12.8 13.4 11.4 (25.7) 37.7 38.7 11.5 20.9 21.1 14.3 26.0 29.2 20.5 20.4 2.2 2.7 0.1 (0.1) 3.4 0.5 11.8 17.9 22.4 27.5 16.1 11.2 7.4 216.5 1.6 3.8 3.7 1.3 1.1 2.6 0.8 5.0 5.2 12.0 4.1 5.7 3.9 3.0 0.7 0 (0.0) 0 0 0 4.5 (1.8) 0 0 0 0 0 0 0 0 0
Financing Cash Flow (1,230.8) (2,077.4) (1,737.0) (2,502.9) (4,028.3) (678.7) 226.6 (1,489.4) (2,132.9) (2,452.3) (2,475.1) (649.3) (374.1) 6.7 4.1 11.2 (686.3) (136.0) (81.6) (480.3) (451.9) 34.0 68.7 1,091.0 43.7 2,223.8 12.0 2,246.9 23.0 2,053.9 29.2 1,909.4 56.0 1,597.9 34.4 1,420.4 24.2 1,042.5 16.6 17.6 14.9 (17.5) 72.8 62.5 1,522.4 24.4 30.7 28.5 458.2 59.9 45.8 49.0 321.6 1.8 (0.2) (0.1) 4.0 399.0 (24.0) (26.7) (86.7) 42.9 (30.8) (21.3) (90.7) 125.9 (125.7) (59.2) (25.7) (6.2) (86.6) 6.7 (90.5) (23.6) (29.7) (15.5) 4.8 9.2 4.7 108.4 3.8 5.8 3.9 3.3 0.3 1.4 0.3 2.2 1.7 2.2 0.4 1.2 1.1 1.2 (0.7) 71.6 (1.2)
Cash Position
Net Change in Cash 3,227.7 (251.7) 1,110.3 976.5 (603.3) 348.3 832.0 (399.5) (91.9) (238.3) (309.4) 928.2 1,567.4 (969.7) 295.9 (190.1) (20.6) (1,497.9) (251.7) (631.8) 197.6 (183.4) 1,242.2 2,001.9 134.4 584.1 (568.5) 1,658.1 (441.9) 733.5 (835.4) 1,314.5 (223.3) 1,076.3 (172.3) 841.0 (389.8) 498.4 (421.8) (214.3) (204.1) (306.1) (178.4) (160.9) 1,341.2 (69.6) (31.0) 56.8 552.5 165.9 68.4 (47.4) 127.8 (80.0) (32.0) 6.3 (112.1) 348.9 (16.0) 24.8 (44.1) 81.4 5.8 27.5 (54.4) 78.5 (31.8) (27.7) (24.8) 28.4 (32.8) (24.7) (8.4) (2.4) (4.4) (34.3) (182.0) 31.7 27.0 113.9 15.5 30.4 10.9 5.2 (8.6) 6.6 14.4 53.3 10.3 10.7 7.9 5.2 6.2 5.5 4.6 34.1 (0.5)
Cash at Beginning 9,039.2 9,290.9 8,180.6 7,204.0 7,807.3 7,459.1 6,627.0 6,745.5 7,118.5 7,356.8 7,666.3 6,738.0 5,170.6 6,140.3 5,844.4 6,034.5 6,055.1 7,553.0 7,804.6 8,436.5 8,238.9 8,422.3 7,180.0 5,178.2 5,043.8 4,459.7 5,028.2 3,370.1 3,812.0 3,078.6 3,914.0 2,599.5 2,822.8 1,746.5 1,918.8 1,077.8 1,467.6 969.2 1,390.9 1,605.2 1,809.3 2,115.4 2,293.9 2,454.8 1,113.6 1,183.2 1,214.2 1,157.5 605.0 439.1 370.7 418.1 290.3 370.3 402.3 396.0 508.1 159.2 175.2 150.4 194.5 113.1 107.3 79.9 134.2 55.7 87.5 115.1 139.9 111.5 144.3 169.0 177.4 179.8 184.2 218.5 400.4 368.7 341.7 227.8 212.3 181.9 171.0 165.8 174.5 167.8 153.4 100.2 89.9 79.2 71.2 66.0 59.8 54.3 49.8 15.7 16.1
Cash at End 12,266.9 9,039.2 9,290.9 8,180.6 7,204.0 7,807.3 7,459.1 6,363.8 7,026.6 7,118.5 7,356.8 7,666.3 6,738.0 5,170.6 6,140.3 5,844.4 6,034.5 6,055.1 7,553.0 7,804.6 8,436.5 8,238.9 8,422.3 7,180.0 5,178.2 5,043.8 4,459.7 5,028.2 3,370.1 3,812.0 3,078.6 3,914.0 2,599.5 2,822.8 1,746.5 1,918.8 1,077.8 1,467.6 969.2 1,390.9 1,605.2 1,809.3 2,115.4 2,293.9 2,454.8 1,113.6 1,183.2 1,214.2 1,157.5 605.0 439.1 370.7 418.1 290.3 370.3 402.3 396.0 508.1 159.2 175.2 150.4 194.5 113.1 107.3 79.9 134.2 55.7 87.5 115.1 139.9 111.5 144.3 169.0 177.4 179.8 184.2 218.5 400.4 368.7 341.7 227.8 212.3 181.9 171.0 165.8 174.5 167.8 153.4 100.2 89.9 79.2 71.2 66.0 59.8 54.3 49.8 15.7
Free Cash Flow 5,094.1 1,872.3 2,660.5 2,267.4 2,660.9 1,378.2 2,194.2 1,212.6 2,136.8 1,581.4 1,888.4 1,339.3 2,116.7 332.3 471.9 12.7 801.7 (569.3) (84.9) (174.0) 696.3 (286.0) 1,154.0 899.3 161.9 (1,569.7) (551.8) (591.1) (449.4) (1,312.7) (737.5) (558.1) (284.7) (520.0) (463.8) (607.4) (421.8) (637.0) (506.6) (255.0) (260.2) (278.4) (248.3) (228.7) (163.3) (77.3) (74.0) 15.2 8.1 3.1 8.4 11.8 (45.6) (53.5) (13.7) 16.0 14.3 (30.3) 35.5 77.8 100.0 81.8 34.5 56.4 32.0 83.4 22.0 68.4 58.9 46.3 22.4 (57.7) 65.3 75.7 63.2 (1.2) (23.5) 19.3 19.0 2.7 9.5 51.3 27.9 (31.7) 22.6 25.6 45.1 29.9 32.0 8.3 6.9 4.2 5.9 4.5 4.7 3.9 0.2
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
Income Statement
Revenue 12,249.8 12,050.8 11,510.3 11,079.2 10,542.8 10,246.5 9,824.7 9,559.3 9,370.4 8,832.8 8,541.7 8,187.3 8,161.5 7,852.1 7,925.6 7,970.1 7,867.8 7,709.3 7,483.5 7,341.8 7,163.3 6,644.4 6,435.6 6,148.3 5,767.7 5,467.4 5,244.9 4,923.1 4,521.0 4,186.8 3,999.4 3,907.3 3,700.9 3,285.8 2,984.9 2,785.5 2,636.6 2,477.5 2,290.2 2,105.2 1,957.7 1,823.3 1,738.4 1,644.7 1,573.1 1,484.7 1,409.4 1,340.4 1,270.1 1,175.2 1,106.0 1,069.4 1,024.0 945.2 905.1 889.2 869.8 875.6 821.8 788.6 718.6 595.9 553.2 519.8 493.7 444.5 423.1 408.5 394.1 359.6 341.3 337.6 326.2 302.4 294.0 303.7 305.3 277.2 255.9 239.4 224.1 189.3 174.3 164.5 154.1 143.9 141.6 120.3 100.4 81.2 72.2 63.2 55.7 45.2 40.7 36.4 30.5
Gross Profit 6,361.5 5,528.1 5,346.1 5,753.9 5,279.7 4,479.1 4,704.8 4,385.2 4,393.4 3,525.3 3,610.9 3,513.8 3,357.9 2,447.9 3,136.9 3,279.4 3,583.1 2,469.7 3,276.9 3,323.8 3,294.8 2,479.3 2,567.9 2,504.6 2,168.0 2,001.4 2,147.0 1,917.5 1,650.4 1,453.4 1,587.0 1,617.4 1,504.8 1,178.4 991.9 883.2 979.6 823.1 757.3 632.1 588.2 574.0 564.4 522.9 526.7 470.4 455.0 425.6 400.9 363.4 315.0 315.8 297.1 249.4 242.5 245.7 245.9 300.4 285.2 298.6 280.4 205.1 208.8 204.9 186.5 169.1 147.8 139.3 134.8 126.7 116.8 107.5 103.4 102.3 99.5 107 110.3 107.9 97.2 88.8 75.9 19.1 75.2 64.2 59.2 65.5 70.0 50.5 43.7 36.7 33.6 27.9 25.7 21.8 19.2 18.3 15.4
Operating Income 3,957.0 2,956.7 3,248.2 3,774.7 3,347.0 2,272.8 2,909.5 2,602.8 2,632.5 1,496.1 1,916.4 1,827.2 1,714.3 549.9 1,533.0 1,578.3 1,971.6 631.8 1,755.3 1,847.6 1,959.9 954.2 1,314.9 1,357.9 958.3 458.5 980.2 706.4 459.1 215.8 480.7 462.2 446.6 245.3 208.6 127.8 256.9 153.9 106.0 70.4 49.5 59.9 73.6 74.8 97.5 65.0 110.4 129.6 97.6 82.3 57.1 57.1 31.8 19.6 16.1 16.2 (1.9) 61.9 96.8 115.1 102.2 78.5 69.5 77.3 58.3 53.3 49.3 52.8 36.5 37.9 34.1 34.2 14.9 20.1 21.6 38.3 11.2 18.7 17.1 23.5 4.8 2.8 5.5 4.5 (9.8) 4.7 18.4 2.6 (6.3) 1.5 2.9 2.8 (4.9) (2.8) (2.3) (2.5) (4.1)
Net Income 5,282.8 2,418.5 2,546.9 3,125.4 2,890.4 1,868.6 2,363.5 2,147.3 2,332.2 937.8 1,677.4 1,487.6 1,305.1 55.3 1,398.2 1,441.0 1,597.4 607.4 1,449.1 1,353.0 1,706.7 542.2 790.0 720.2 709.1 587.0 665.2 270.6 344.1 133.9 402.8 384.3 290.1 185.5 129.6 65.6 178.2 66.7 51.5 40.8 27.7 43.2 29.4 26.3 23.7 83.4 59.3 71.0 53.1 48.4 31.8 29.5 2.7 7.9 7.7 6.2 (4.6) 35.2 62.5 68.2 60.2 47.1 38.0 43.5 32.3 30.9 30.1 32.4 22.4 22.7 20.4 26.6 13.3 15.8 15.7 25.5 9.9 14.9 12.8 17.0 4.4 38.2 6.9 5.7 (8.8) 5.6 18.9 2.9 (5.8) 2.3 3.3 3.3 (4.5) (2.3) (1.7) (13.4) (4.5)
EPS (Diluted) 1.23 0.56 0.59 0.72 0.66 0.43 0.54 0.49 0.53 0.21 0.37 0.33 0.29 0.01 0.31 0.32 0.35 0.13 0.32 0.30 0.38 0.12 0.17 0.16 0.16 0.13 0.15 0.06 0.08 0.03 0.09 0.09 0.06 0.04 0.03 0.01 0.04 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 -0.00 0.01 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 -0.00 -0.00 -0.01 -0.01
Balance Sheet
Cash & Equivalents 11,626.4 9,033.7 9,287.3 8,177.4 7,199.8 7,804.7 7,457.0 6,624.9 7,024.8 7,116.9 7,353.2 7,662.8 6,714.6 5,147.2 6,113.7 5,819.4 6,008.9 6,027.8 7,526.7 7,777.5 8,403.7 8,205.5 8,392.4 7,153.2 5,151.9 5,018.4 4,435.0 5,004.2 3,348.6 3,794.5 3,067.5 3,906.4 2,593.7 2,822.8 1,746.5 1,918.8 1,077.8 1,467.6 969.2 1,390.9 1,605.2 1,809.3 2,115.4 2,293.9 2,454.8 1,113.6 1,183.2 1,214.2 1,157.5 605.0 439.1 370.7 418.1 290.3 370.3 402.3 396.0 508.1 159.2 175.2 150.4 194.5 113.1 107.3 79.9 134.2 55.7 87.5 115.1 139.9 111.5 144.3 169.0 177.4 179.8 184.2 218.5 400.4 368.7 341.7 227.8 212.3 181.9 171.0 165.8 174.5 167.8 153.4 100.2 89.9 79.2 71.2 66.0 59.8 54.3 49.8 15.7
Total Assets 61,015.9 55,597.0 54,934.8 53,099.7 52,087.6 53,630.4 52,281.8 49,098.9 48,827.7 48,732.0 49,501.8 50,817.5 49,490.3 48,594.8 47,562.2 46,350.9 45,330.9 44,584.7 42,739.9 40,971.0 40,123.0 39,280.4 38,622.5 37,175.3 35,059.9 33,975.7 30,941.7 30,171.3 27,218.6 25,974.4 23,366.2 22,663.5 20,152.8 19,012.7 16,951.5 16,517.2 14,359.1 13,586.6 12,347.3 11,593.5 11,262.3 10,202.9 9,916.3 9,654.9 9,240.6 7,042.5 6,778.3 6,325.8 6,048.1 5,412.6 4,901.3 4,480.8 4,363.3 3,967.9 3,808.8 3,478.3 3,480.5 3,069.2 1,961.6 1,570.7 1,090.2 982.1 770.3 694.0 648.3 679.7 492.1 592.0 628.7 615.4 583.0 646.0 585.7 683.5 624.2 612.3 625.1 608.8 550.6 512.7 392.9 364.7 278.3 268.7 253.6 251.8 235.6 204.2 191.2 176.0 158.9 150.1 135.6 130.5 122.9 117.9 44.7
Total Debt 16,742.2 14,462.8 14,463.0 14,453.2 17,423.5 17,995.0 18,508.6 16,524.2 16,511.6 16,973.4 16,764.2 16,993.7 16,955.8 16,931.6 16,432.2 16,909.1 17,299.6 18,116.6 18,006.6 17,943.1 17,739.3 18,510.8 18,137.1 17,708.2 16,265.5 16,372.5 13,539.4 13,678.1 11,192.5 10,360.1 8,336.6 8,342.1 6,542.4 6,499.4 4,888.8 4,836.5 3,383.3 3,364.3 2,374.0 2,373.1 2,372.2 2,371.4 2,421.8 2,408.1 2,409 885.8 910.1 910.9 911.3 500 512.8 563.4 700 400 400 400 400 402.3 234.7 235.2 235.7 236.2 236.7 237.2 237.6 238.0 38.3 38.6 38.9 40.3 39.4 39.6 0 36.5 0 0 0 0 0 0 0 0 0 0 0 0.1 0.2 0.3 0.4 0.5 0.6 1.1 1.3 1.7 1.9 2.7 6.6
Stockholders' Equity 31,126.4 26,615.5 25,954.0 24,951.9 24,028.1 24,743.6 22,720.7 22,112.7 21,365.4 20,588.3 22,107.6 22,832.2 21,828.2 20,777.4 20,528.1 19,076.0 17,544.0 15,849.2 15,314.6 13,863.9 12,884.1 11,065.2 10,333.3 9,334.8 8,409.3 7,582.2 6,861.5 6,105.5 5,703.1 5,238.8 5,009.7 4,496.6 4,020.7 3,582.0 3,327.4 3,112.5 2,973.7 2,679.8 2,529.0 2,415.8 2,317.2 2,223.4 2,167.3 2,032.1 1,909.2 1,857.7 1,724.9 1,609.7 1,478.4 1,333.6 1,204.4 1,105.6 812.9 744.7 716.8 688.2 663.4 642.8 388.4 334.0 275.7 290.2 192.0 176.6 146.7 199.1 232.2 324.4 346.3 347.2 324.8 389.5 355.4 429.8 434.4 444.1 432.2 414.2 387.0 366.4 237.8 226.3 178.7 164.5 152.1 156.3 144.8 121.9 113.5 112.7 104.9 98.0 91.1 89.4 87.3 86.7 (90.9)
Cash Flow
Operating Cash Flow 5,290.2 2,111.6 2,825.2 2,423.3 2,789.2 1,536.9 2,321.1 1,290.8 2,212.5 1,663.0 1,992.3 1,440.2 2,178.7 443.9 556.8 102.8 922.8 (403.3) 82.4 (63.8) 777.3 (137.7) 1,263.8 1,041.1 259.9 (1,462.0) (501.8) (543.8) (379.8) (1,235.1) (690.4) (518.2) (236.8) (488.0) (419.6) (534.5) (343.9) (557.2) (461.9) (226.3) (228.6) (244.7) (196.0) (181.3) (127.4) (38.5) (37.4) 56.0 36.4 41.4 34.7 33.9 (12.2) (16.2) 0.1 19.7 19.1 65.5 49.5 86.4 116.3 96.7 42.2 62.0 75.4 105.8 78.3 75.3 65.6 54.8 73.2 78.3 77.7 86.1 70.6 72.1 63.0 87.1 56.8 46.3 57.6 63.7 33.3 36.5 29.4 32.5 49.3 32.0 33.8 31.4 22.0 23.6 12.8 14.4 11.1 8.1 6.5
Capital Expenditure (196.1) (239.3) (164.7) (155.9) (128.3) (158.7) (126.9) (78.3) (75.7) (81.6) (103.9) (101.0) (62.0) (111.6) (85.0) (90.0) (121.2) (166.0) (167.3) (110.3) (81.0) (148.4) (109.8) (141.7) (98.0) (107.7) (50.0) (47.4) (69.6) (77.6) (47.1) (39.9) (48.0) (32.1) (44.2) (72.9) (77.9) (79.8) (44.6) (28.7) (31.6) (33.7) (52.3) (47.3) (35.9) (38.9) (36.6) (40.9) (28.2) (38.3) (26.3) (22.1) (33.4) (37.3) (13.9) (3.6) (4.8) (95.8) (14.1) (8.6) (16.3) (14.9) (7.7) (5.7) (43.4) (22.4) (56.3) (6.9) (6.8) (8.5) (50.9) (136.0) (12.4) (10.4) (7.4) (73.3) (86.6) (67.8) (37.8) (43.6) (48.2) (12.4) (5.4) (68.2) (6.8) (6.9) (4.2) (2.0) (1.8) (23.0) (15.1) (19.4) (7.0) (9.9) (6.4) (4.2) (6.3)
Free Cash Flow 5,094.1 1,872.3 2,660.5 2,267.4 2,660.9 1,378.2 2,194.2 1,212.6 2,136.8 1,581.4 1,888.4 1,339.3 2,116.7 332.3 471.9 12.7 801.7 (569.3) (84.9) (174.0) 696.3 (286.0) 1,154.0 899.3 161.9 (1,569.7) (551.8) (591.1) (449.4) (1,312.7) (737.5) (558.1) (284.7) (520.0) (463.8) (607.4) (421.8) (637.0) (506.6) (255.0) (260.2) (278.4) (248.3) (228.7) (163.3) (77.3) (74.0) 15.2 8.1 3.1 8.4 11.8 (45.6) (53.5) (13.7) 16.0 14.3 (30.3) 35.5 77.8 100.0 81.8 34.5 56.4 32.0 83.4 22.0 68.4 58.9 46.3 22.4 (57.7) 65.3 75.7 63.2 (1.2) (23.5) 19.3 19.0 2.7 9.5 51.3 27.9 (31.7) 22.6 25.6 45.1 29.9 32.0 8.3 6.9 4.2 5.9 4.5 4.7 3.9 0.2