Bank OZK logo OZK - Bank OZK

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 17
SELL 1
STRONG
SELL
0
| PRICE TARGET: $58.00 DETAILS
HIGH: $62.00
LOW: $51.00
MEDIAN: $59.50
CONSENSUS: $58.00
UPSIDE: 20.48%
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 661.5 704.6 731.1 699.6 670.5 695.6 715.7 696.6 666.1 650.4 591.2 540.4 476.5 424.3 350.5 306.0 292.0 307.9 286.4 289.8 294.4 300.1 292.3 286.9 297.8 309.5 314.4 321.4 317.3 318.0 299.6 299.4 284.0 275.9 271.6 260.0 240.4 242.8 220.2 152.1 139.7 143.3 123.7 121.8 118.1 111.8 97.7 85.3 72.1 76.5 71.1 65.8 64.1 58.2 62.5 62.0 61.5 65.3 68.0 63.2 54.1 60.7 50.2 47.7 43.5 51.4 45.7 65.2 54.6 51.3 49.9 51.2 49.9 51.1 50.3 49.8 48.8 48.5 47.1 42.8 39.9 36.9 34.4 31.8 29.1 27.8 26.8 25.6 23.2 22.8 21.4 19.8 17.6 17.0 17.0 17.0 17.3 17.0 16.3 15.7
Cost of Revenue 285.4 314.5 329.5 306.8 299.6 320.4 339.1 328.9 303.0 278.8 242.3 193.4 139.7 98.9 68.4 22.7 17.2 6.1 7.3 (7.6) (2.1) 42.5 50.8 122.6 179.9 70.9 78.6 79.1 76.0 71.0 98.9 58.6 45.3 43.5 39.6 32.2 27.9 30.6 26.3 16.7 11.2 13.4 10.7 10.7 12.3 12.2 9.1 10.5 6.0 7.7 8.5 7.2 7.4 7.5 8.1 8.5 9.2 10.8 9.1 12.1 10.2 12.2 12.6 12.3 13.2 15.3 18.2 33.4 25.5 27.1 23.8 26.1 26.4 27.4 26.3 26.1 25.7 25.5 24.2 20.4 16.8 14.7 12.6 10.5 8.8 7.8 7.3 6.7 6.1 7.4 5.7 6.0 5.7 7.5 8.8 9.7 10.6 11.1 9.1 8.6
Gross Profit 376.2 390.1 401.6 392.8 370.8 375.2 376.6 367.8 363.1 371.6 349.0 347.0 336.8 325.4 282.1 283.2 274.8 301.8 279.1 297.4 296.5 257.5 241.5 164.3 117.9 238.6 235.8 242.4 241.3 247.1 200.7 240.8 238.8 232.3 232.0 227.8 212.5 212.2 193.9 135.4 128.4 129.9 113.0 111.2 105.8 99.6 88.6 74.8 66.1 68.9 62.6 58.7 56.8 50.7 54.4 53.5 52.3 54.5 58.9 51.0 43.9 48.5 37.5 35.5 30.3 36.2 27.5 31.8 29.1 24.2 26.1 25.2 23.6 23.7 24.0 23.7 23.1 23.1 22.9 22.4 23.1 22.1 21.8 21.2 20.3 20.0 19.5 18.9 17.2 15.4 15.7 13.8 12.0 9.5 8.2 7.3 6.7 5.9 7.2 7.1
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 117.2 87.7 111.1 97.4 93.0 87.4 87.5 85.6 81.7 87.2 73.4 73.3 71.4 65.6 63.5 57.6 58.1 58.3 57.1 55.6 57.5 58.6 58.3 54.7 56.6 57.7 52.9 52.7 50.2 60.7 52.4 47 50.4 67.7 41.6 54.1 41.5 52.9 42.1 27.9 26.0 32.6 23.1 24.5 24.2 31.3 22.6 20.2 18.9 21.1 17.6 16.4 18.9 (1.0) 18.6 17.9 17.0 (3.3) 27.5 14.8 23.1 26.6 15.0 9.0 8.3 8.1 12.1 8.0 7.9 8.7 7.7 7.6 7.3 8.5 6.9 7.0 7.3 7.7 7.4 6.9 6.6 6.2 6.6 6.2 5.4 5.7 5.9 5.3 5.2 5.7 4.7 4.1 3.5 2.9 2.6 2.4 2.2 2.2 2.3 2.2
Other Expenses 47.4 74.0 48.2 55.8 53.9 52.7 52.9 51.8 51.6 65.6 55.6 56.1 54.8 51.2 50.3 49.8 47.8 49.6 51.0 46.1 46.8 42.9 44.7 44.4 45.0 44.9 46.4 44.4 44.5 32.6 48.4 40.5 41.3 15.0 40.1 43.9 34.3 22.2 33.3 21.5 19.8 17.1 20.4 17.7 23.5 16.3 18.3 15.8 13.3 11.5 8.3 12.4 9.4 21.5 8.6 7.9 9.3 32.6 4.3 (42.4) 0.2 (1.3) (7.5) 12.1 (0.8) 10.9 3.4 10.0 8.3 5.6 6.1 5.8 5.5 4.1 4.8 4.9 4.8 4.8 4.3 4.1 4.6 4.1 3.7 3.8 4.0 4.2 3.8 4.3 3.2 2.0 3.4 3.2 3.0 2.7 2.6 2.3 0.8 2.5 2.4 2.3
Operating Expenses 164.5 161.6 159.3 153.2 147.0 140.1 140.4 137.5 133.3 152.8 129.0 129.4 126.2 116.9 113.8 107.5 105.9 107.9 108.1 101.7 104.3 101.4 103.0 99.1 101.6 102.5 99.3 97.1 94.7 93.3 100.8 87.5 91.7 82.7 81.7 83.8 75.8 75.1 75.4 49.4 45.8 49.7 43.5 42.2 47.7 47.5 40.9 36.0 32.1 32.6 25.9 28.8 28.2 20.5 27.2 25.8 26.3 29.3 31.8 (27.6) 23.2 25.3 7.4 21.1 7.4 19.0 15.5 17.9 16.2 14.3 13.8 13.5 12.9 12.5 11.7 11.9 12.1 12.5 11.7 11.0 11.2 10.3 10.3 10.0 9.5 9.8 9.8 9.6 8.4 7.7 8.2 7.2 6.5 5.6 5.1 4.7 3.0 4.7 4.6 4.6
Operating Income
Operating Income 211.6 228.4 242.3 239.7 223.9 235.0 236.2 230.3 229.8 218.7 220.0 217.7 210.6 208.5 168.3 175.8 168.9 194.0 171.0 195.7 192.3 156.1 138.5 65.2 16.4 136.0 136.5 145.2 146.6 153.8 99.8 153.3 147.1 149.6 150.3 144.0 136.6 137.2 118.5 86.0 82.7 80.2 69.5 69.0 58.1 52.1 47.7 38.7 34.0 36.3 36.7 29.9 28.5 30.2 27.2 27.7 26.0 25.2 27.1 78.6 20.6 23.2 30.1 14.3 22.9 17.2 12.0 13.8 12.9 10.0 12.3 11.7 10.7 11.2 12.3 11.8 11.0 10.6 11.2 11.4 11.9 11.8 11.6 11.2 10.8 10.1 9.7 9.3 8.8 7.8 7.5 6.6 5.5 3.9 3.0 2.6 3.7 1.1 2.5 2.5
Interest Expense 243.4 264.0 281.2 271.6 261.2 283.2 292.7 279.8 260.1 234.9 198.3 151.6 103.9 66.4 28.7 15.7 13.0 14.1 14.7 23.4 29.4 35.8 43.6 50.5 62.2 66.0 70.7 72.3 69.4 63.7 57.0 49.0 39.7 34.3 31.8 26.1 23.0 20.7 19.2 11.9 9.2 8.2 7.1 6.3 6.0 5.9 5.5 5.0 4.7 4.8 4.7 4.5 4.6 5.0 5.0 5.5 6.1 6.5 7.6 8.4 7.9 8.1 8.3 8.9 9.0 9.7 10.7 12.3 14.9 18.8 20.4 22.1 23.1 24.7 25.2 24.8 24.6 24.6 23.7 19.9 16.3 14.2 11.8 10.0 8.3 7.3 6.3 5.6 5.3 6.4 4.6 4.9 4.7 6.0 8.1 9.4 10.2 9.9 8.8 8.2
Interest Income 629.0 671.0 695.0 668.3 635.7 662.6 682.1 667.8 637.1 605.5 565.5 508.4 448.7 398.9 323.3 281.5 262.4 280.5 262.7 264.1 264.1 273.4 268.3 267.1 272.0 281.0 289.5 296.8 295.2 292.1 277.6 273.7 257.5 249.1 241.6 228.2 213.8 215.5 194.4 130.9 121.7 114.7 103.5 100.1 91.5 84.5 80.1 69.8 57.1 60.1 55.3 48.0 48.8 48.8 49.5 47.8 49.9 52.4 51.9 50.9 44.0 42.1 41.1 38.6 36.2 38.2 39.9 42.6 45.3 47.5 45.0 45.7 44.8 45.1 44.9 44.1 42.8 42.1 41.5 37.9 33.8 32.0 29.2 26.8 24.8 23.4 22.2 20.4 19.2 18.6 16.8 16.0 14.9 14.9 15.0 15.4 16.0 15.4 14.9 14.4
Profitability
EBITDA 211.6 228.4 272.9 280.0 243.6 269.3 253.4 250.4 247.5 227.9 233.8 234.8 227.9 219.0 178.9 186.6 179.7 204.6 181.6 206.1 203.0 167.2 149.5 76.0 27.2 146.7 147.1 155.8 157.2 162.6 108.6 162.2 156.1 158.2 158.8 152.5 145.0 145.5 125.6 90.8 87.5 85.5 73.9 73.1 61.8 55.6 51.3 41.8 36.7 39.0 39.0 32.4 31.0 32.8 29.2 29.6 28.1 27.2 29.0 80.3 22.1 24.6 31.3 15.5 24.0 18.2 13.1 14.9 14.0 10.9 13.2 12.6 11.6 12.1 13.1 12.7 11.8 10.2 12.0 12.2 12.7 12.4 12.3 12.0 11.6 10.9 10.2 10.0 9.6 9.1 8.1 6.9 5.9 4.4 3.5 3.0 4.1 1.6 3.0 2.9
EBIT 211.6 228.4 242.3 239.7 223.9 235.0 236.2 230.3 229.8 218.7 220.0 217.7 210.6 208.5 168.3 175.8 168.9 194.0 171.0 195.7 192.3 156.1 138.5 65.2 16.4 136.0 136.5 145.2 146.6 153.8 99.8 153.3 147.1 149.6 150.3 144.0 136.6 137.2 118.5 86.0 82.7 80.2 69.5 69.0 58.1 52.1 47.7 38.7 34.0 36.3 36.7 29.9 28.5 30.2 27.2 27.7 26.0 25.2 27.1 78.6 20.6 23.2 30.1 14.3 22.9 17.2 12.0 13.8 12.9 10.0 12.3 11.7 10.7 11.2 12.3 11.8 11.0 10.6 11.2 11.4 11.9 11.8 11.6 11.2 10.8 10.1 9.7 9.3 8.8 7.8 7.5 6.6 5.5 3.9 3.0 2.6 3.7 1.1 2.5 2.5
Income Before Tax 211.6 228.4 242.3 239.7 223.9 235.0 236.2 230.3 229.8 218.7 220.0 217.7 210.6 208.5 168.3 175.8 168.9 194.0 171.0 195.7 192.3 156.1 138.5 65.2 16.4 136.0 136.5 145.2 146.6 153.8 99.8 153.3 147.1 149.6 150.3 144.0 136.6 137.2 118.5 86.0 82.7 80.2 69.5 69.0 58.1 52.1 47.7 38.7 34.0 36.3 36.7 29.9 28.5 30.2 27.2 27.7 26.0 25.2 27.1 78.6 20.6 23.2 30.1 14.3 22.9 17.2 12.0 13.8 12.9 10.0 12.3 11.7 10.7 11.2 12.3 11.8 11.0 10.6 11.2 11.4 11.9 11.8 11.6 11.2 10.8 10.1 9.7 9.3 8.8 7.8 7.5 6.6 5.5 3.9 3.0 2.6 3.7 1.1 2.5 2.5
Income Tax Expense 48.2 52.5 57.7 56.7 51.9 52.8 55.0 52.8 54.2 43.6 46.1 45.7 40.7 45.7 36.0 39.4 36.4 44.2 40.7 45.2 43.8 35.6 29.3 14.9 4.5 35.2 32.6 34.7 35.9 38.8 25.7 38.6 34.0 3.4 54.2 53.5 47.4 49.3 42.5 31.5 31.0 28.7 23.4 24.2 18.1 17.3 15.6 12.3 8.7 11.9 10.2 9.5 8.5 9.5 7.9 8.6 8.0 7.6 8.2 28.4 6.0 6.3 9.9 3.5 6.9 4.5 2.6 3.2 2.5 0.7 3.3 3.1 2.9 3.4 3.9 3.7 3.4 3.2 3.2 3.5 3.5 3.5 3.5 3.5 3.5 3.1 3.1 3.0 2.8 2.2 2.7 2.4 2.1 1.3 0.8 0.8 0.6 0.3 0.7 0.7
Net Income 163.4 176.0 184.6 183.0 172.0 182.2 181.2 177.5 175.5 175.1 173.8 172.0 169.9 162.9 132.3 136.4 132.5 149.8 130.3 150.5 148.4 120.5 109.3 50.3 11.9 100.8 103.9 110.5 110.7 115.0 74.2 114.8 113.1 146.2 96.0 90.5 89.2 87.8 76.0 54.5 51.7 51.5 46.1 44.8 39.9 34.8 32.1 26.5 25.3 24.4 26.5 20.4 20 20.7 19.3 19.1 18.0 17.5 18.9 50.2 14.6 16.9 20.2 10.9 16.0 0.1 9.5 10.6 10.4 9.3 9.0 8.6 7.8 7.7 8.4 8.1 7.5 7.4 8.0 7.9 8.4 8.4 8.1 7.7 7.3 7.0 6.6 6.3 6.0 5.6 4.8 4.2 3.4 2.6 2.2 1.9 3.1 0.9 1.8 1.8
Per Share Data
EPS (Basic) 1.44 1.54 1.60 1.59 1.48 1.57 1.56 1.53 1.51 1.51 1.50 1.47 1.42 1.35 1.08 1.10 1.03 1.16 1.01 1.16 1.15 0.93 0.84 0.39 0.09 0.78 0.81 0.86 0.86 0.89 0.58 0.89 0.88 1.14 0.75 0.73 0.73 0.72 0.66 0.60 0.57 0.58 0.53 0.52 0.48 0.44 0.40 0.35 0.34 0.33 0.31 0.29 0.28 0.30 0.28 0.28 0.26 0.25 0.28 0.74 0.22 0.25 0.30 0.16 0.24 0.00 0.13 0.14 0.14 0.14 0.13 0.13 0.12 0.11 0.13 0.12 0.11 0.11 0.12 0.12 0.13 0.12 0.12 0.12 0.11 0.11 0.10 0.10 0.09 0.09 0.08 0.07 0.06 0.04 0.04 0.03 0.05 0.01 0.03 0.03
EPS (Diluted) 1.44 1.53 1.59 1.58 1.47 1.56 1.55 1.52 1.51 1.50 1.49 1.47 1.41 1.34 1.08 1.10 1.02 1.15 1.00 1.16 1.14 0.93 0.84 0.39 0.09 0.78 0.81 0.86 0.86 0.89 0.58 0.89 0.88 1.14 0.75 0.73 0.73 0.72 0.66 0.60 0.57 0.57 0.52 0.51 0.47 0.43 0.40 0.34 0.34 0.33 0.31 0.28 0.28 0.30 0.28 0.28 0.26 0.25 0.28 0.73 0.22 0.25 0.30 0.16 0.24 0.00 0.13 0.14 0.14 0.14 0.13 0.13 0.12 0.11 0.13 0.12 0.11 0.11 0.12 0.12 0.13 0.12 0.12 0.12 0.11 0.11 0.10 0.10 0.09 0.09 0.07 0.07 0.06 0.04 0.04 0.03 0.05 0.01 0.03 0.03
Shares Outstanding 110.6 110.4 116.1 112.9 113.8 113.6 113.7 113.6 113.6 113.3 113.4 114.1 117.1 117.7 118.5 120.4 124.5 129.4 129.4 129.7 129.5 129.3 129.3 129.3 129.2 129.0 128.9 129.0 128.8 128.6 128.6 128.6 128.5 128.3 128.2 123.8 122.2 121.9 115.2 90.8 90.7 88.7 87.0 86.1 83.1 79.0 80.2 75.7 74.3 73.9 72.1 70.3 70.2 70.1 69.3 69.4 69.7 68.8 68.5 68.3 68.3 68.2 68.0 68.2 67.7 67.5 67.5 67.9 67.5 67.5 68.0 67.3 67.3 67.3 67.2 67.4 66.9 66.9 66.8 67.5 67.2 67.1 67.3 67.1 66.6 65.6 66.5 65.9 64.5 64.2 63.5 62.1 61.1 60.4 60.0 60.5 60.3 59.5 60.5 60.8
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 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
Current Assets
Cash & Cash Equivalents 1,702.0 0 3,120.9 2,705.9 2,377.7 2,781.1 2,678.7 2,568.8 2,323.8 2,149.5 1,864.3 1,454.8 1,039.4 1,033.5 895.8 1,140.4 1,605.8 2,053.8 1,782.5 1,424.2 2,216.3 2,393.7 1,934.1 1,646.1 1,347.7 1,495.8 1,029.9 738.6 607.7 290.7 387.8 585.4 632.9 440.4 1,057.3 824.1 928.8 866.4 969.5 806.5 622.8 60.2 129.8 78.3 40.9 49.5 35.5 30.5 28.4 28.8 29.2 30.6 25.2 24.1 28.0 26.7 18.7 20.5 20.6 22.7 25.3 24.6 19.8 15.7 13.4 15 12.3 16.2 24.9 15.6 8.7 10.5 8.5
Short-Term Investments 0 0 420.0 437.6 450.9 565.5 2,952.0 2,981.9 3,072.4 3,244.4 3,153.8 3,262.4 3,422.0 3,491.6 3,530.6 3,709.9 3,728.3 3,916.7 3,846.5 4,693.4 4,162.5 3,405.4 3,468.2 3,299.9 2,816.6 2,277.4 2,414.7 2,548.5 2,769.6 2,862.3 2,669.9 2,608.4 2,603.6 2,593.9 1,975.1 2,101.8 1,470.6 1,471.6 1,341.9 824.4 627.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 176.2 0 178.3 182.9 174.3 174.0 173.2 177.4 175.2 170.1 154.2 144.8 135.3 125.1 97.6 82.8 83.1 83.0 84.4 93.7 94.3 88.1 85.9 82.7 82.8 75.2 76.2 81.0 85.5 82.0 76.1 71.8 69.1 64.6 48.9 39.2 37.5 51.9 33.0 35.3 33.3 56.3 50.1 14.8 16.7 17.6 18.2 7.4 7.4 7.0 6.5 6.0 6.0 6.1 6.9 8.0 8.3 8.9 8.8 7.7 8.2 7.2 7.4 6.7 6.3 5.5 5.3 4.5 3.4 3 3.1 2.8 2.8
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Assets 1,878.2 0 3,719.2 3,326.5 3,002.9 3,520.6 5,804.0 5,728.1 5,571.4 5,564.0 5,172.4 4,862.0 4,596.7 4,650.2 4,523.9 4,933.1 5,417.2 6,053.6 5,713.4 6,211.3 6,473.1 5,887.1 5,488.2 5,028.7 4,247.1 3,848.4 3,520.9 3,368.1 3,462.8 3,235.0 3,133.7 3,265.6 3,305.6 3,098.9 3,081.4 2,965.0 2,436.9 2,389.9 2,344.4 1,666.2 1,284.0 116.4 179.9 93.1 57.7 67.1 53.8 37.9 35.7 35.9 35.7 36.6 31.2 30.2 34.9 34.7 27.0 29.4 29.4 30.4 33.5 31.8 27.2 22.4 19.7 20.5 17.6 20.7 28.3 18.6 11.8 13.3 11.3
Non-Current Assets
Property, Plant & Equipment 973.2 922.0 890.4 869.1 767.8 739.1 712.8 702.5 681.9 676.8 665.8 670.3 677.1 678.4 684.9 687.1 693.7 695.9 699.4 729.2 729.4 738.8 739.1 732.7 723.4 711.5 687.5 662.1 647.0 567.2 538.5 541.0 532.3 519.8 517.6 516.5 506.5 504.1 503.2 305.5 299.9 163.0 156.8 156.2 155.4 155.7 127.6 55.3 54.0 50.3 46.0 41.7 39.0 36.6 32.9 33.0 31.5 30.5 30.6 30.9 30.7 30.5 29.7 28.7 27.9 27.2 25.9 23.5 17 13.4 11.8 10.9 8.9
Goodwill 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 0 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.8 660.1 657.8 126.3 125.7 0 0 0 0 0 0 0 0 0 4.9 1.8 0 1.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 660.8 0.4 1.6 2.8 3.9 5.2 6.8 8.3 9.8 11.3 12.9 14.7 16.5 18.4 21.0 23.8 26.6 29.5 32.5 35.7 38.8 42.0 45.1 48.3 51.4 54.5 57.7 60.9 64.3 23.6 25.2 7.1 7.2 5.6 5.6 5.6 5.9 6.8 6.3 6.4 1.6 0.8 6.0 0.9 6.9 8.0 3.0 3.1 8.8 7.7 8.2 7.2 7.4 6.7 3.5 3.7 3.7 4.5 3.4 3 3.1 2.8 2.8
Long-Term Investments 36,513.0 0 34,653.5 34,871.0 33,137.2 31,774.0 28,798.1 28,266.6 27,665.4 26,119.7 25,028.4 23,344.3 21,840.0 20,569.9 19,313.6 18,551.9 18,726.8 18,105.4 18,067.6 18,022.9 18,447.0 18,913.3 19,049.6 19,004.9 17,989.5 17,423.5 17,625.8 17,378.6 17,369.4 17,015.6 16,627.6 16,659.2 16,511.0 15,948.9 15,691.8 15,102.0 14,718.7 14,486.6 14,089.8 9,664.9 9,207.9 2,440.9 2,524.6 2,371.2 2,624.8 2,843.5 2,388.3 1,377.8 1,298.6 1,259.6 1,081.6 968.1 939.1 892.4 741.7 744.8 737.7 757.2 759.1 747.3 734.2 724.5 691.1 651.5 611.1 559.4 516.8 425.8 366 314.2 311.8 277.6 263.6
Other Non-Current Assets 1,638.7 (1,582.8) 1,682.6 1,727.0 1,596.7 1,564.4 1,466.1 1,478.1 1,450.4 1,216.2 1,240.0 1,224.2 1,195.0 1,094.5 1,047.4 1,085.9 1,057.0 1,006.5 992.4 970.4 953.7 947.9 934.2 934.9 924.1 887.8 881.0 861.7 833.0 873.8 1,087.1 1,051.8 984.7 999.0 765.5 765.7 771.7 788.6 792.2 493.1 484.7 151.2 150.5 144.8 118.2 87.9 75.7 38.4 32.0 34.4 24.8 40.2 23.8 3.1 3.3 4.1 3.8 6.8 6.9 5.6 17.4 5.9 5.9 2.4 4.7 1.6 2.5 1.6 9.2 4.5 1.6 6.1 1.7
Total Non-Current Assets 39,785.7 0 37,887.4 38,127.9 36,162.5 34,738.2 31,637.8 31,108.0 30,458.5 28,673.4 27,595.0 25,899.9 24,374.4 23,006.4 21,710.7 20,991.0 21,145.1 20,476.8 20,430.0 20,394.6 20,803.8 21,275.5 21,400.1 21,351.7 20,318.7 19,707.4 19,881.8 19,592.7 19,542.8 19,153.0 18,952.8 18,954.8 18,733.8 18,176.8 17,687.1 17,099.6 16,715.3 16,500.3 16,107.3 10,613.4 10,143.4 2,762.1 2,839.1 2,677.8 2,904.0 3,092.7 2,597.5 1,478.3 1,390.9 1,350.7 1,158.7 1,052.6 1,004.6 934.8 780.7 784.9 776.0 797.5 799.8 787.0 785.6 764.2 730.1 686.1 647.2 591.9 548.9 453 394.4 333.5 326.6 296 275.6
Total Assets 41,664.0 40,785.8 41,606.5 41,454.4 39,165.4 38,258.9 37,441.8 36,836.2 36,029.9 34,237.5 32,767.3 30,761.9 28,971.2 27,656.6 26,232.1 25,920.0 26,562.4 26,530.4 26,143.4 26,605.9 27,276.9 27,162.6 26,888.3 26,380.4 24,565.8 23,555.7 23,402.7 22,960.7 23,005.7 22,388.0 22,086.5 22,220.4 22,039.4 21,275.6 20,768.5 20,064.6 19,152.2 18,890.1 18,451.8 12,279.6 11,427.4 2,878.6 3,019.0 2,770.8 2,961.7 3,159.8 2,651.3 1,516.2 1,426.6 1,386.5 1,194.5 1,089.2 1,035.9 965.0 815.7 819.6 803.0 827.0 829.2 817.4 819.1 796 757.3 708.5 666.9 612.4 566.5 473.7 422.7 352.1 338.4 309.3 286.9
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 252.0 230.1 290.3 233.9 227.5 243.7 226.3 186.8 198.7 231.9 418.9 251.9 242.9 217.7 193.7 221.8 224.2 222.7 273.1 216.4 211.0 182.6 183.2 186.2 153.3 107.8 98.3 72.6 115.3 88.1 63.7 0 0 0 0 0 16.7 3.4 4.7 3.9 3.8 5.9 5.4 4.1 3.8 3.5 4.4 3.1 3.3 2.8 3.6 3 2.7 2.6 2.9 2.4 2.9 2.5 2.5 1.8 3 2.7 3
Short-Term Debt 350.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.1 7.7 8.4 5.9 8.0 5.0 9.3 3.8 11.2 12.2 10.9 25.5 20.6 51.9 179.9 149.1 69.3 70.2 68.5 80.6 65.1 70.6 54.0 65.9 51.7 52.1 44.3 56.1 54.6 42.7 39.2 32.0 29.9 37.7 35.9 20.7 20.3 16.3 17.8 16.9 13.8 33.7 17.6 11.8 9 92.5 56.5 40.7 26.8 48.5 40 26 14 13.9 12 12.2
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 33,984.9 33,522.1 31,925.7 31,043.1 30,571.6 29,943.7 29,406.1 27,405.1 25,552.9 23,983.4 22,283.0 21,500.1 20,401.9 19,984.2 20,329.7 20,209.1 20,102.4 20,706.8 21,296.4 21,450.4 21,287.4 20,723.6 18,809.2 18,474.3 18,440.1 18,186.2 18,476.9 17,938.4 17,822.9 17,897.1 17,833.7 17,192.3 16,823.4 16,241.4 15,713.4 15,574.9 15,123.8 10,195.1 9,626.8 2,158.6 2,252.5 2,029.0 2,132.9 2,290.2 2,024.4 1,188.7 1,147.0 1,062.1 947.1 864.9 790.2 757.2 625.2 642.2 641.8 677.7 662.3 634.0 612.1 595.9 594.3 587.3 581.7 529 463.9 380.3 352.4 295.6 282.1 264.3 247.3
Total Current Liabilities 350.6 0 33,984.9 33,522.1 31,925.7 31,043.1 30,571.6 29,943.7 29,406.1 27,405.1 25,804.9 24,213.5 22,573.3 21,734.0 20,629.4 20,227.9 20,556.0 20,402.1 20,308.9 20,947.1 21,721.2 21,710.3 21,535.3 20,950.6 19,006.7 18,707.3 18,676.5 18,419.8 18,775.5 18,175.3 18,085.8 18,259.5 18,165.9 17,634.0 17,200.1 16,525.5 15,892.3 15,712.6 15,309.7 10,337.1 9,756.4 2,210.2 2,304.5 2,073.3 2,188.9 2,344.8 2,083.8 1,231.3 1,183.7 1,095.9 988.6 906.7 816.3 781.6 645.3 663.5 663.1 694.6 699.2 654.5 627.6 607.9 689.5 649 625.3 560 515 423 381 311 299 279 262.5
Non-Current Liabilities
Long-Term Debt 463.2 463.6 763.4 1,263.2 763.0 883.0 621.1 870.8 671.6 1,274.7 1,899.4 1,573.5 1,462.9 1,075.2 924.7 973.1 1,223.9 1,223.5 1,217.0 1,095.2 1,095.1 1,095.5 1,095.2 1,247.7 1,395.2 695.0 644.8 544.6 344.4 439.3 344.1 343.9 343.9 364.0 383.9 383.7 383.3 382.7 382.5 382.3 159.8 346.7 407.4 407.5 408.2 446.9 375.3 184.6 136.7 192.2 98.6 88.6 129.4 97.1 98.1 86.1 71.7 66.7 65.4 99.2 129.2 127 0.1 0.1 0 12.4 12 13.1 5.1 5.1 5.1 10.1 0
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
Other Non-Current Liabilities 34,693.9 (463.6) 764.6 744.0 645.0 626.5 655.6 613.0 684.4 417.6 158.1 163.6 171.7 156.4 135.5 109.1 89.3 65.5 61.1 58.8 74.2 81.5 68.4 68.3 77.7 0 0 0 0 0 0 0 0 (186.2) (153.3) (107.8) 0 0 0 0 0 25.7 20.1 17.6 28.2 23.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 7.7 1.8 0 1.4 0.1 (0.1) (0.1) (0.1) (0.2) 0 5.3
Total Non-Current Liabilities 35,157.1 0 1,528.0 2,007.2 1,408.0 1,509.6 1,276.6 1,483.7 1,356.0 1,692.3 2,057.5 1,737.1 1,634.6 1,231.6 1,060.2 1,082.2 1,313.2 1,289.0 1,278.1 1,154.0 1,169.3 1,176.9 1,163.7 1,316.0 1,472.8 695.0 644.8 544.6 344.4 439.3 344.1 343.9 343.9 177.9 230.6 275.9 383.3 382.7 382.5 382.3 159.8 372.4 427.5 425.1 436.4 470.0 375.3 184.6 136.7 192.2 98.6 88.6 129.4 97.1 98.1 86.1 71.7 66.7 65.4 99.2 129.2 126.9 7.8 1.9 0 13.8 12.1 13 5 5 4.9 10.1 5.3
Total Liabilities 35,507.8 34,656.0 35,512.9 35,529.3 33,333.7 32,552.7 31,848.2 31,427.4 30,762.1 29,097.5 27,862.4 25,950.6 24,207.9 22,965.6 21,689.6 21,310.1 21,869.2 21,691.1 21,587.0 22,101.1 22,890.6 22,887.2 22,698.9 22,266.6 20,479.6 19,402.3 19,321.2 18,964.4 19,119.9 18,614.7 18,429.9 18,603.4 18,509.8 17,811.9 17,430.7 16,801.4 16,275.6 16,095.3 15,692.2 10,719.5 9,916.2 2,580.4 2,732.1 2,498.3 2,625.4 2,814.8 2,459.1 1,415.9 1,320.4 1,288.0 1,087.2 995.3 945.7 878.8 743.4 749.7 734.7 761.4 764.7 753.7 756.8 734.8 697.3 648.3 625.3 572 527.4 435.8 385.9 316.4 303.9 289.1 267.8
Stockholders' Equity
Common Stock 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2 0.9 0.9 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 4,425.5 4,317.3 4,196.5 4,065.9 3,936.0 3,816.1 3,684.9 3,553.5 3,424.7 3,283.8 3,154.9 3,026.2 2,898.9 2,773.1 2,653.4 2,563.1 2,468.7 2,378.5 2,266.2 2,173.1 2,059.4 1,946.9 1,862.0 1,788.3 1,773.0 1,870.0 1,801.4 1,728.5 1,647.6 1,565.2 1,477.2 1,428.7 1,339.0 1,250.3 1,124.5 1,051.5 982.3 914.4 846.6 785.1 744.7 243.2 234.8 221.2 207.6 200.3 161.4 81.2 76.1 71.3 62.4 76.7 54.8 51.3 40.6 38.7 36.9 35.5 34.4 33.9 32.5 31 29.7 28.4 27.1 25.9 24.7 23.5 22.3 21.2 20 18.9 17.9
Accumulated Other Comprehensive Income (47.9) (24.9) (36.0) (68.2) (69.3) (76.1) (52.0) (100.9) (107.2) (97.4) (199.0) (159.4) (141.7) (177.6) (227.7) (114.2) (80.9) 23.8 40.7 50.1 50.5 58.3 61.1 63.2 54.9 27.3 27.6 19.7 (5.7) (34.1) (59.3) (46.9) (40.9) (12.7) (5.6) (5.0) (18.1) (25.9) 13.6 15.1 10.4 5.7 6.2 6.0 9.2 25.6 (11.3) (10.2) 1.4 (0.1) 1.7 (0.2) 1.1 1.4 0.0 (0.4) (0.3) (1.5) (1.5) (1.8) (1.7) (1.5) (1.3) 0.2 0 0.1 0.1 0 0.1 0.2 0.2 0 0
Total Stockholders' Equity 6,156.2 6,129.9 6,093.4 5,924.9 5,831.3 5,705.6 5,592.9 5,407.8 5,266.8 5,139.0 4,903.5 4,809.9 4,761.9 4,689.6 4,539.4 4,606.8 4,690.1 4,836.2 4,553.2 4,501.7 4,383.2 4,272.3 4,186.3 4,110.7 4,083.2 4,150.4 4,078.3 3,993.2 3,882.6 3,770.3 3,653.6 3,613.9 3,526.6 3,460.7 3,334.7 3,260.1 2,873.3 2,791.6 2,756.3 1,556.9 1,508.1 292.5 283.5 269.0 332.9 341.6 188.8 100.3 106.3 98.5 90.0 76.7 72.9 69.0 55.0 52.7 51 48.3 47.2 46.4 45.1 43.9 42.7 42.9 41.6 40.4 39.1 37.9 36.8 35.7 34.5 20.2 19.1
Total Liabilities & Equity 41,664.0 40,785.8 41,606.5 41,454.4 39,165.4 38,258.9 37,441.8 36,836.2 36,029.9 34,237.5 32,767.3 30,761.9 28,971.2 27,656.6 26,232.1 25,920.0 26,562.4 26,530.4 26,143.4 26,605.9 27,276.9 27,162.6 26,888.3 26,380.4 24,565.8 23,555.7 23,402.7 22,960.7 23,005.7 22,388.0 22,086.5 22,220.4 22,039.4 21,275.6 20,768.5 20,064.6 19,152.2 18,890.1 18,451.8 12,279.6 11,427.4 2,878.6 3,019.0 2,770.8 2,961.7 3,159.8 2,651.3 1,516.2 1,426.6 1,386.5 1,194.5 1,089.2 1,035.9 965.0 815.7 819.6 803.0 827.0 829.2 817.4 819.1 796 757.3 708.5 666.9 612.4 566.5 473.7 422.7 352.1 338.4 309.3 286.9
Debt Metrics
Total Debt 813.9 463.6 763.4 1,263.2 763.0 883.0 621.1 870.8 671.6 1,274.7 1,899.4 1,573.5 1,462.9 1,075.2 924.7 973.1 1,223.9 1,229.6 1,224.8 1,103.7 1,101.1 1,103.5 1,100.2 1,257.0 1,399.0 706.2 656.9 555.5 369.9 459.9 396.0 523.8 492.9 433.4 454.0 452.2 463.9 447.8 453.1 436.3 225.6 398.4 459.5 451.8 464.3 501.5 418.0 223.8 168.6 222.1 136.3 124.5 150.1 117.5 114.4 103.9 88.5 80.5 99.1 116.8 141.0 136 92.6 56.6 40.7 39.2 60.5 53.1 31.1 19.1 19 22.1 12.2
Net Debt (888.1) 463.6 (2,357.5) (1,442.7) (1,614.7) (1,898.1) (2,057.7) (1,698.1) (1,652.2) (874.8) 35.1 118.7 423.5 41.8 28.8 (167.4) (382.0) (824.2) (557.7) (320.6) (1,115.3) (1,290.2) (833.9) (389.0) 51.3 (789.5) (373.0) (183.1) (237.8) 169.2 8.3 (61.6) (139.9) (7.0) (603.3) (371.8) (464.9) (418.6) (516.4) (370.2) (397.1) 338.3 329.7 373.5 423.3 452.0 382.5 193.3 140.3 193.3 107.1 93.9 124.9 93.3 86.4 77.2 69.8 60.0 78.5 94.1 115.7 111.4 72.8 40.9 27.3 24.2 48.2 36.9 6.2 3.5 10.3 11.6 3.7
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
Operating Activities
Net Income 163.4 176.0 184.6 183.0 172.0 182.2 181.2 177.5 175.6 175.1 173.8 172.0 169.9 162.8 132.3 136.4 132.5 149.8 130.3 150.5 148.4 120.5 109.2 50.3 11.9 100.8 103.9 110.5 110.7 115.0 74.2 114.7 113.1 146.2 96.0 90.5 89.2 87.8 76.0 54.5 51.7 8.1 7.7 7.3 6.3 6.0 5.6 5.3 4.8 4.5 4.2 3.7 3.4 3.1 2.6 2.3 2.2 3.1 0.9 1.8 1.8 1.7 1.7 1.7 1.5 1.4 1.4 1.4 1.4 1.3 1.2 1 1
Depreciation & Amortization 0 0 30.6 40.4 19.8 34.3 11.6 25.7 17.7 9.1 13.8 17.1 17.3 10.8 10.9 11.1 11.2 11.0 10.7 10.6 10.8 11.1 11.0 10.8 10.8 10.7 10.6 10.6 10.6 8.8 8.8 8.9 9.0 8.6 8.5 8.5 8.4 8.4 7.1 4.8 4.8 0.8 0.7 0.8 0.7 0.9 1.3 0.4 0.6 0.5 0.4 0.4 0.4 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.2 0.5 0.2 0.2 0.1 0.2 0.1 0.2
Stock-Based Compensation 0 0 5.6 6.2 6.0 5.3 5.2 5.6 4.7 4.4 4.5 4.5 4.1 3.5 3.5 2.3 3.9 4.0 3.8 4.6 3.7 3.0 4.0 3.9 4.0 3.6 4.0 3.9 2.7 3.5 3.5 3.4 3.7 3.1 0.9 4.6 3.7 2.8 2.8 3.1 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 0 0 0 0 0 0
Change in Working Capital 13.6 (74.3) (59.6) (117.0) 67.6 (158.0) 60.5 (90.6) (24.3) 28 39.4 (106.7) 58.3 (14.2) 52.5 6.1 (38.7) 32.4 (22.0) (28.0) 43.9 (5.4) 3.6 1.9 (36.5) (0.8) 21.4 (57.8) 85.8 214.0 (2.6) (33.4) (5.4) (242.9) (5.8) (30.8) 44.4 (4.0) 22.0 (27.6) 2.1 1.6 (1.5) 0.9 (0.8) 3.1 (2.9) 2.0 (2.1) 0.8 2.3 (0.2) (2.1) 1.9 1.2 1.5 (0.8) (0.0) (0.8) (0.1) (0.5) (1) (1.5) (0.4) (0.6) 1 (2.2) (1.1) 0.3 0 0 (0.3) 0.5
Other Non-Cash Items 62.1 104.7 42.6 24.5 35.7 36.4 48.3 38.2 41.1 34.4 45.9 35.3 34.2 31.2 36.7 6.4 (0.1) (5.8) 0.7 (24.2) (31.4) 2.7 3.8 69.7 107.9 (4.8) 0.4 (0.9) (0.4) (0.7) 38.3 (2.8) (1.9) (6.8) (13.5) (16.4) (10.6) (21.9) (19.5) (14.3) (13.4) (2.4) 0.9 (3.0) 3.0 0.2 1.3 7.4 (3.9) 4.1 (0.4) (4.6) (1.7) 10.9 (5.6) 2.1 (2.9) (1.1) 2.4 0.5 (0.3) 2.6 0.5 2.6 2.2 (3.1) 2 (1.4) 0 (0.4) 0 0.2 (0.1)
Operating Cash Flow 239.0 206.4 215.3 147.2 268.8 153.6 276.9 164.4 239.5 202.3 270.8 155.3 253.1 173.5 241.3 159.7 190.4 166.7 113.1 104.6 158.3 157.4 139.5 152.8 102.3 92.7 124.9 67.5 139.5 348.1 133.0 101.5 122.8 95.8 87.9 58.7 142.0 81.7 92.0 22.9 45.3 8.0 8.2 5.9 9.1 10.1 5.8 15.1 (0.5) 9.9 5.8 (0.7) 0.0 16.2 (1.8) 6.4 (1.1) 2.6 2.9 2.7 1.6 3.9 1.1 4.3 3.4 (0.6) 1.8 (0.9) 1.9 1 1.4 1 1.6
Investing Activities
Capital Expenditure (27.0) (31.1) (29.3) (19.1) (26.5) (32.6) (18.9) (29.0) (15.1) (15.7) (4.1) (3.6) (5.7) (6.1) (10.8) (3.9) (9.1) (10.4) (3.2) (13.9) (6.4) (8.5) (8.7) (15.6) (16.8) (20.3) (27.5) (23.3) (27.6) (34.6) (19.9) (14.3) (18.1) (7.5) (8.2) (15.7) (7.5) (10.7) (19.1) (8.7) (6.6) (4.8) (5.4) (6.9) (1.9) (4.2) (3.6) (2.5) (3.1) (3.1) (2.8) (1.2) (2.0) (1.4) (0.6) (0.2) (1.9) (0.3) (0.2) (0.6) (0.5) (1.2) (1.6) (1.1) (1.1) (1.5) (2.9) (6.7) (3) (1.9) (1.1) (2) (2.3)
Acquisitions 0 (0.1) (6.1) (1.6) (10.0) (9.9) (6.2) (2.9) (6.3) (25.6) (20.5) (29.0) (17.2) (32.1) (14.2) (3.4) (24.6) (26.5) (3.1) (16.2) (110.4) (32.4) (13.9) (9.8) (3.7) 0 (15.5) (2.4) (1.3) 0 0 0 (0.4) 0 (1.7) (3.8) 0 0 203.7 0 0 0 0 0 0 (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (1,327.2) (5.4) (48.6) (220.9) (432.1) (483.3) (63) (19.5) (10.0) (96.9) (69.3) (26.6) (48.8) (51.9) (250.3) (380.6) (277.5) (789.2) (50) (1,531.9) (1,503.8) (365.6) (589.8) (934.0) (656.6) (28.0) 0.0 6.2 (6.2) (303.5) (209.9) (148.5) (164.6) (765.0) (106.6) (733.9) (21.9) (269.5) (114.1) (188.7) (79.8) (61.7) (67.2) (54.8) (109.3) (39.0) (109.5) (96.7) (120.0) (152.6) (79.8) (39.9) (9.9) (46.3) (105.8) (70.6) (0.6) (7.7) (2.7) 10.2 (11.9) (25.7) (13.5) (39) (73.2) (62.2) (106.9) (43.4) (42.6) (13.9) (14.9) (9.8) (4.4)
Sales/Maturities of Investments 172.9 162.3 150.5 365.7 305.6 564.2 153.4 114.4 165.1 135.1 121.6 157.7 160.5 148.4 271.5 350.4 317.9 669.4 869.0 841.4 863.8 352.6 424.0 457.7 152.3 152.0 140.0 250.5 125.5 149.2 100.9 123.3 134.5 105.8 228.9 117.5 32.2 37.6 61.9 25.4 58.4 48.4 31.2 24.7 81.2 43.5 37.2 60.5 128.3 119.9 62.8 14.6 18.7 37.0 94.3 99.1 19.9 20.1 0.0 0.3 0.1 10.5 0.3 18.3 33.1 47.8 53 13.3 10.4 21.5 5 9.2 2
Other Investing Activities (800.0) 436.4 223.9 (1,942.8) (1,212.7) (780.4) (560.1) (670.8) (1,541.5) (1,095.5) (1,739.4) (1,538.7) (1,368.8) (1,274.6) (761.5) 197.5 (615.3) 9.8 (10.4) 447.0 500.6 138.8 (34.6) (1,090.2) (717.6) 218.3 (254.8) (33.3) (331.6) (408.5) 26.1 (178.7) (559.9) (374.5) (527.2) (322.3) (217.4) (371.9) (203.9) (432.6) (965.6) (109.6) (41.8) (42.4) (73.4) (41.5) (55.7) (32.3) (48.8) (17.9) (49.8) (34.6) (27.9) (10.9) (36.5) (26.5) (23.6) (11.0) (12.2) (12.6) (9.4) (19.6) (30.9) (20.3) (16.1) (10) (39.8) (20.4) (17) (13.3) (16.5) (21.1) (10.1)
Investing Cash Flow (1,981.3) 562.1 290.5 (1,818.8) (1,375.7) (742.1) (494.8) (607.8) (1,407.9) (1,098.6) (1,711.7) (1,440.2) (1,280.1) (1,216.5) (765.2) 160.1 (608.7) (146.8) 802.2 (273.6) (256.1) 84.9 (223.0) (1,591.7) (1,242.4) 321.9 (157.9) 197.8 (241.1) (597.3) (102.8) (218.2) (608.2) (1,041.2) (416.5) (958.2) (214.6) (614.5) (71.5) (604.6) (993.6) (127.8) (83.3) (79.4) (103.3) (41.3) (131.5) (71.1) (43.5) (53.6) (69.6) (61.2) (21.1) (21.7) (48.6) 1.8 (6.3) 1.0 (15.2) (2.6) (21.7) (36) (45.7) (42.1) (57.3) (25.9) (96.6) (57.2) (52.2) (7.6) (27.5) (23.7) (14.8)
Financing Activities
Net Debt Issuance 350.1 (300.0) (500.0) 500.0 (120.2) 0 0 198.9 (603.3) (624.9) 325.7 110.4 387.4 150.2 (48.8) 0 0.0 (0.0) 120.2 2.4 (2.6) (3.3) (152.7) (147.7) 700.0 50.0 100.0 200.0 (95.2) 95.0 (0.0) (0.2) (20.4) (20.1) (0.1) 0.2 0.4 (0.1) (223.6) 222.4 (162.6) 89.7 16.0 50.1 55.7 (53.4) 87.4 (19.4) 11.2 (25.6) 32.6 14.1 (7.0) (5.5) 1.5 10.5 15.4 (18.6) (17.7) (24.2) 5.0 35.6 41.9 17.8 0 (19.9) 7.5 21.6 12.4 0.2 (3.2) 4.5 (0.5)
Stock Repurchased (60.0) (93.7) 0 (43.7) (7.1) 0 (0.5) 0 (8.0) 0 0 (66.1) (94.0) (23.4) (47.7) (147.4) (137.0) (156.4) (37.0) (0.0) (2.0) 0 0 0 (1.9) 0 (0.0) 0 (1.6) 0 0 (0.0) (3.7) 0 0 0 0 (3.3) 0 0 0 0 0 0 0 0 0 0 0 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 (54.9) (54.8) (53.7) (52.7) (51.8) (50.6) (49.5) (48.4) (47.1) (46.0) (44.9) (44.4) (43.9) (43.0) (42.1) (41.8) (42.0) (37.3) (37.0) (36.3) (35.9) (35.6) (35.2) (34.9) (33.5) (32.2) (31.0) (29.6) (28.3) (27.0) (25.7) (25.1) (24.4) (23.7) (23.1) (21.3) (20.7) (20.0) (14.5) (14.1) (13.6) (1.7) (1.5) (1.3) (1.1) (1.1) (1.1) (1.0) (0.9) (0.8) (0.8) (0.6) (0.5) (0.5) (0.5) (0.5) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.3) (0.4) (0.4) (0.3) (0.2) (0.2) (0.2) (0.2) (0.1) 0 (0.3)
Other Financing Activities 380.0 (600.0) 462.8 1,596.3 882.5 741.5 377.8 537.6 2,001.1 1,851.8 1,569.5 1,700.4 783.4 1,096.8 417.9 (596.0) 149.2 445.2 (603.3) (589.1) (39.0) 256.1 559.5 1,919.9 327.5 33.3 255.4 (305.3) 543.8 84.2 (202.1) 94.5 726.4 368.2 583.6 516.1 155.2 453.1 380.7 557.0 1,656.3 24.9 72.5 15.8 41.7 84.9 39.5 75.5 32.1 74.7 33.0 50.3 31.2 (2.1) 52.5 (16.9) 0.4 15.4 28.2 21.9 16.2 1.7 7 22.8 52.7 49.6 83.5 28 47.4 13.5 30.9 17 15.6
Financing Cash Flow 610.4 (1,055.6) (90.7) 1,999.9 703.4 690.9 327.8 688.4 1,342.7 1,181.5 1,850.4 1,700.3 1,032.9 1,180.6 279.3 (785.2) (29.8) 251.4 (557.0) (623.1) (79.5) 217.2 371.5 1,737.3 992.1 51.3 324.3 (134.4) 418.7 152.2 (227.8) 69.2 677.9 328.4 561.8 794.7 134.9 429.7 142.5 765.4 1,480.1 113.0 87.0 65.2 96.3 30.8 126.0 55.4 42.7 49.1 64.8 64.5 24.8 (8.0) 53.6 (6.9) 15.4 (3.6) 10.1 (2.6) 20.8 36.9 48.6 40.2 52.3 29.4 90.8 49.4 59.6 13.5 27.6 21.5 14.8
Cash Position
Net Change in Cash 0 0 415.0 328.3 (403.4) 102.4 109.9 245 174.3 285.2 409.5 415.4 5.9 137.6 (244.6) (465.4) (448.0) 271.3 358.3 (792.1) (177.3) 459.6 288.0 298.3 (148.0) 465.8 291.4 130.9 317.0 (97.1) (197.6) (47.5) 192.5 (616.9) 233.3 (104.7) 62.4 (103.2) 163.0 183.8 531.8 (6.8) 11.9 (8.3) 2.1 (0.5) 0.3 (0.6) (1.4) 5.4 1.0 2.6 3.7 (13.4) 3.3 1.3 8.0 (0.0) (2.2) (2.6) 0.7 4.8 3.9 2.5 (1.6) 0 (16.2) 16.2 (15.6) 0 0 0 (6.8)
Cash at Beginning 0 0 2,705.9 2,377.7 2,781.1 2,678.7 2,568.8 2,323.8 2,149.5 1,864.3 1,454.8 1,039.4 1,033.5 895.8 1,140.4 1,605.8 2,053.8 1,782.5 1,424.2 2,216.3 2,393.7 1,934.1 1,646.1 1,347.7 1,495.8 1,029.9 738.6 607.7 290.7 387.8 585.4 632.9 440.4 1,057.3 824.1 928.8 866.4 969.5 806.5 622.8 91.0 45.2 33.3 41.5 28.4 28.8 28.5 29.2 30.6 25.2 24.1 21.5 17.9 31.3 28.0 26.7 18.7 20.6 22.7 25.3 24.6 19.8 15.9 13.4 15 0 16.2 0 15.6 0 0 0 6.8
Cash at End 0 0 3,120.9 2,705.9 2,377.7 2,781.1 2,678.7 2,568.8 2,323.8 2,149.5 1,864.3 1,454.8 1,039.4 1,033.5 895.8 1,140.4 1,605.8 2,053.8 1,782.5 1,424.2 2,216.3 2,393.7 1,934.1 1,646.1 1,347.7 1,495.8 1,029.9 738.6 607.7 290.7 387.8 585.4 632.9 440.4 1,057.3 824.1 928.8 866.4 969.5 806.5 622.8 38.4 45.2 33.3 30.5 28.4 28.8 28.5 29.2 30.6 25.2 24.1 21.5 17.9 31.3 28.0 26.7 20.5 20.6 22.7 25.3 24.6 19.8 15.9 13.4 0 0 16.2 0 0 0 0 0
Free Cash Flow 212.1 175.3 186.0 128.1 242.3 121.0 258.0 135.4 224.4 186.5 266.8 151.7 247.4 167.3 230.5 155.8 181.4 156.3 109.8 90.6 151.9 148.9 130.8 137.2 85.5 72.3 97.4 44.2 112.0 313.5 113.1 87.2 104.7 88.3 79.7 43.0 134.6 71.0 72.9 14.2 38.7 3.2 2.8 (1.0) 7.2 5.8 2.2 12.5 (3.6) 6.8 3.0 (1.9) (2.0) 14.8 (2.4) 6.2 (3.0) 2.3 2.7 2.1 1.1 2.7 (0.5) 3.2 2.3 (2.1) (1.1) (7.6) (1.1) (0.9) 0.3 (1) (0.7)
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 661.5 704.6 731.1 699.6 670.5 695.6 715.7 696.6 666.1 650.4 591.2 540.4 476.5 424.3 350.5 306.0 292.0 307.9 286.4 289.8 294.4 300.1 292.3 286.9 297.8 309.5 314.4 321.4 317.3 318.0 299.6 299.4 284.0 275.9 271.6 260.0 240.4 242.8 220.2 152.1 139.7 143.3 123.7 121.8 118.1 111.8 97.7 85.3 72.1 76.5 71.1 65.8 64.1 58.2 62.5 62.0 61.5 65.3 68.0 63.2 54.1 60.7 50.2 47.7 43.5 51.4 45.7 65.2 54.6 51.3 49.9 51.2 49.9 51.1 50.3 49.8 48.8 48.5 47.1 42.8 39.9 36.9 34.4 31.8 29.1 27.8 26.8 25.6 23.2 22.8 21.4 19.8 17.6 17.0 17.0 17.0 17.3 17.0 16.3 15.7
Gross Profit 376.2 390.1 401.6 392.8 370.8 375.2 376.6 367.8 363.1 371.6 349.0 347.0 336.8 325.4 282.1 283.2 274.8 301.8 279.1 297.4 296.5 257.5 241.5 164.3 117.9 238.6 235.8 242.4 241.3 247.1 200.7 240.8 238.8 232.3 232.0 227.8 212.5 212.2 193.9 135.4 128.4 129.9 113.0 111.2 105.8 99.6 88.6 74.8 66.1 68.9 62.6 58.7 56.8 50.7 54.4 53.5 52.3 54.5 58.9 51.0 43.9 48.5 37.5 35.5 30.3 36.2 27.5 31.8 29.1 24.2 26.1 25.2 23.6 23.7 24.0 23.7 23.1 23.1 22.9 22.4 23.1 22.1 21.8 21.2 20.3 20.0 19.5 18.9 17.2 15.4 15.7 13.8 12.0 9.5 8.2 7.3 6.7 5.9 7.2 7.1
Operating Income 211.6 228.4 242.3 239.7 223.9 235.0 236.2 230.3 229.8 218.7 220.0 217.7 210.6 208.5 168.3 175.8 168.9 194.0 171.0 195.7 192.3 156.1 138.5 65.2 16.4 136.0 136.5 145.2 146.6 153.8 99.8 153.3 147.1 149.6 150.3 144.0 136.6 137.2 118.5 86.0 82.7 80.2 69.5 69.0 58.1 52.1 47.7 38.7 34.0 36.3 36.7 29.9 28.5 30.2 27.2 27.7 26.0 25.2 27.1 78.6 20.6 23.2 30.1 14.3 22.9 17.2 12.0 13.8 12.9 10.0 12.3 11.7 10.7 11.2 12.3 11.8 11.0 10.6 11.2 11.4 11.9 11.8 11.6 11.2 10.8 10.1 9.7 9.3 8.8 7.8 7.5 6.6 5.5 3.9 3.0 2.6 3.7 1.1 2.5 2.5
Net Income 163.4 176.0 184.6 183.0 172.0 182.2 181.2 177.5 175.5 175.1 173.8 172.0 169.9 162.9 132.3 136.4 132.5 149.8 130.3 150.5 148.4 120.5 109.3 50.3 11.9 100.8 103.9 110.5 110.7 115.0 74.2 114.8 113.1 146.2 96.0 90.5 89.2 87.8 76.0 54.5 51.7 51.5 46.1 44.8 39.9 34.8 32.1 26.5 25.3 24.4 26.5 20.4 20 20.7 19.3 19.1 18.0 17.5 18.9 50.2 14.6 16.9 20.2 10.9 16.0 0.1 9.5 10.6 10.4 9.3 9.0 8.6 7.8 7.7 8.4 8.1 7.5 7.4 8.0 7.9 8.4 8.4 8.1 7.7 7.3 7.0 6.6 6.3 6.0 5.6 4.8 4.2 3.4 2.6 2.2 1.9 3.1 0.9 1.8 1.8
EPS (Diluted) 1.44 1.53 1.59 1.58 1.47 1.56 1.55 1.52 1.51 1.50 1.49 1.47 1.41 1.34 1.08 1.10 1.02 1.15 1.00 1.16 1.14 0.93 0.84 0.39 0.09 0.78 0.81 0.86 0.86 0.89 0.58 0.89 0.88 1.14 0.75 0.73 0.73 0.72 0.66 0.60 0.57 0.57 0.52 0.51 0.47 0.43 0.40 0.34 0.34 0.33 0.31 0.28 0.28 0.30 0.28 0.28 0.26 0.25 0.28 0.73 0.22 0.25 0.30 0.16 0.24 0.00 0.13 0.14 0.14 0.14 0.13 0.13 0.12 0.11 0.13 0.12 0.11 0.11 0.12 0.12 0.13 0.12 0.12 0.12 0.11 0.11 0.10 0.10 0.09 0.09 0.07 0.07 0.06 0.04 0.04 0.03 0.05 0.01 0.03 0.03
Balance Sheet
Cash & Equivalents 1,702.0 0 3,120.9 2,705.9 2,377.7 2,781.1 2,678.7 2,568.8 2,323.8 2,149.5 1,864.3 1,454.8 1,039.4 1,033.5 895.8 1,140.4 1,605.8 2,053.8 1,782.5 1,424.2 2,216.3 2,393.7 1,934.1 1,646.1 1,347.7 1,495.8 1,029.9 738.6 607.7 290.7 387.8 585.4 632.9 440.4 1,057.3 824.1 928.8 866.4 969.5 806.5 622.8 60.2 129.8 78.3 40.9 49.5 35.5 30.5 28.4 28.8 29.2 30.6 25.2 24.1 28.0 26.7 18.7 20.5 20.6 22.7 25.3 24.6 19.8 15.7 13.4 15 12.3 16.2 24.9 15.6 8.7 10.5 8.5
Total Assets 41,664.0 40,785.8 41,606.5 41,454.4 39,165.4 38,258.9 37,441.8 36,836.2 36,029.9 34,237.5 32,767.3 30,761.9 28,971.2 27,656.6 26,232.1 25,920.0 26,562.4 26,530.4 26,143.4 26,605.9 27,276.9 27,162.6 26,888.3 26,380.4 24,565.8 23,555.7 23,402.7 22,960.7 23,005.7 22,388.0 22,086.5 22,220.4 22,039.4 21,275.6 20,768.5 20,064.6 19,152.2 18,890.1 18,451.8 12,279.6 11,427.4 2,878.6 3,019.0 2,770.8 2,961.7 3,159.8 2,651.3 1,516.2 1,426.6 1,386.5 1,194.5 1,089.2 1,035.9 965.0 815.7 819.6 803.0 827.0 829.2 817.4 819.1 796 757.3 708.5 666.9 612.4 566.5 473.7 422.7 352.1 338.4 309.3 286.9
Total Debt 813.9 463.6 763.4 1,263.2 763.0 883.0 621.1 870.8 671.6 1,274.7 1,899.4 1,573.5 1,462.9 1,075.2 924.7 973.1 1,223.9 1,229.6 1,224.8 1,103.7 1,101.1 1,103.5 1,100.2 1,257.0 1,399.0 706.2 656.9 555.5 369.9 459.9 396.0 523.8 492.9 433.4 454.0 452.2 463.9 447.8 453.1 436.3 225.6 398.4 459.5 451.8 464.3 501.5 418.0 223.8 168.6 222.1 136.3 124.5 150.1 117.5 114.4 103.9 88.5 80.5 99.1 116.8 141.0 136 92.6 56.6 40.7 39.2 60.5 53.1 31.1 19.1 19 22.1 12.2
Stockholders' Equity 6,156.2 6,129.9 6,093.4 5,924.9 5,831.3 5,705.6 5,592.9 5,407.8 5,266.8 5,139.0 4,903.5 4,809.9 4,761.9 4,689.6 4,539.4 4,606.8 4,690.1 4,836.2 4,553.2 4,501.7 4,383.2 4,272.3 4,186.3 4,110.7 4,083.2 4,150.4 4,078.3 3,993.2 3,882.6 3,770.3 3,653.6 3,613.9 3,526.6 3,460.7 3,334.7 3,260.1 2,873.3 2,791.6 2,756.3 1,556.9 1,508.1 292.5 283.5 269.0 332.9 341.6 188.8 100.3 106.3 98.5 90.0 76.7 72.9 69.0 55.0 52.7 51 48.3 47.2 46.4 45.1 43.9 42.7 42.9 41.6 40.4 39.1 37.9 36.8 35.7 34.5 20.2 19.1
Cash Flow
Operating Cash Flow 239.0 206.4 215.3 147.2 268.8 153.6 276.9 164.4 239.5 202.3 270.8 155.3 253.1 173.5 241.3 159.7 190.4 166.7 113.1 104.6 158.3 157.4 139.5 152.8 102.3 92.7 124.9 67.5 139.5 348.1 133.0 101.5 122.8 95.8 87.9 58.7 142.0 81.7 92.0 22.9 45.3 8.0 8.2 5.9 9.1 10.1 5.8 15.1 (0.5) 9.9 5.8 (0.7) 0.0 16.2 (1.8) 6.4 (1.1) 2.6 2.9 2.7 1.6 3.9 1.1 4.3 3.4 (0.6) 1.8 (0.9) 1.9 1 1.4 1 1.6
Capital Expenditure (27.0) (31.1) (29.3) (19.1) (26.5) (32.6) (18.9) (29.0) (15.1) (15.7) (4.1) (3.6) (5.7) (6.1) (10.8) (3.9) (9.1) (10.4) (3.2) (13.9) (6.4) (8.5) (8.7) (15.6) (16.8) (20.3) (27.5) (23.3) (27.6) (34.6) (19.9) (14.3) (18.1) (7.5) (8.2) (15.7) (7.5) (10.7) (19.1) (8.7) (6.6) (4.8) (5.4) (6.9) (1.9) (4.2) (3.6) (2.5) (3.1) (3.1) (2.8) (1.2) (2.0) (1.4) (0.6) (0.2) (1.9) (0.3) (0.2) (0.6) (0.5) (1.2) (1.6) (1.1) (1.1) (1.5) (2.9) (6.7) (3) (1.9) (1.1) (2) (2.3)
Free Cash Flow 212.1 175.3 186.0 128.1 242.3 121.0 258.0 135.4 224.4 186.5 266.8 151.7 247.4 167.3 230.5 155.8 181.4 156.3 109.8 90.6 151.9 148.9 130.8 137.2 85.5 72.3 97.4 44.2 112.0 313.5 113.1 87.2 104.7 88.3 79.7 43.0 134.6 71.0 72.9 14.2 38.7 3.2 2.8 (1.0) 7.2 5.8 2.2 12.5 (3.6) 6.8 3.0 (1.9) (2.0) 14.8 (2.4) 6.2 (3.0) 2.3 2.7 2.1 1.1 2.7 (0.5) 3.2 2.3 (2.1) (1.1) (7.6) (1.1) (0.9) 0.3 (1) (0.7)