PepsiCo, Inc. logo PEP - PepsiCo, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 1
BUY 15
HOLD 28
SELL 1
STRONG
SELL 0
| PRICE TARGET: $167.89 DETAILS
HIGH: $191.00
LOW: $143.00
MEDIAN: $168.00
CONSENSUS: $167.89
UPSIDE: 18.22%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 93,925 91,854 91,471 86,392 79,474 70,372 67,161 64,661 63,525 62,799 63,056 66,683 66,415 65,492 66,504 57,838 43,232 43,251 39,474 35,137 32,562 29,261 26,971 25,112 23,512 25,479 25,093 22,348 20,917 20,337 19,067 28,472.4 25,020.7 21,970 19,607.9 17,802.7 15,242.4 13,007 11,485.2 9,290.8
Cost of Revenue 43,066 41,744 41,881 40,576 37,075 31,797 30,132 29,381 28,796 28,222 28,731 31,238 31,243 31,291 31,593 26,575 20,099 20,351 18,038 15,762 14,176 12,674 12,379 11,497 10,750 10,226 10,326 8,318 7,618 7,585 7,216 12,451.1 10,805.6 9,277.7 8,361 7,725.9 6,695.7 5,626.5 3,896.2 3,331.1
Gross Profit 50,859 50,110 49,590 45,816 42,399 38,575 37,029 35,280 34,729 34,577 34,325 35,445 35,172 34,201 34,911 31,263 23,133 22,900 21,436 19,375 18,386 16,587 14,592 13,615 12,762 15,253 14,767 14,030 13,299 12,752 11,851 16,021.3 14,215.1 12,692.3 11,246.9 10,076.8 8,546.7 7,380.5 7,589 5,959.7
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
SG&A Expenses 37,368 37,190 36,677 34,459 31,237 28,453 26,738 25,170 24,453 24,773 24,613 25,772 25,357 24,970 25,145 22,814 15,026 15,877 14,208 12,711 12,314 11,031 9,460 8,958 8,574 11,104 11,018 9,924 9,241 9,063 8,133 11,243.6 9,864.4 8,840.3 7,880.8 6,948.1 5,991.8 5,391.2 5,882.7 4,738.4
Other Expenses 0 33 927 (155) 0 42 0 0 0 0 1,359 92 110 119 133 117 63 64 58 162 150 297 351 362 552 331 266 1,234 1,106 1,073 1,046 1,576.5 1,444.2 1,214.9 1,034.5 884 772 629.3 563 400.7
Operating Expenses 37,368 37,223 37,604 34,304 31,237 28,495 26,738 25,170 24,453 24,773 25,972 25,864 25,467 25,089 25,278 22,931 15,089 15,941 14,266 12,873 12,464 11,328 9,811 9,320 9,126 11,435 11,284 11,158 10,347 10,136 9,179 12,820.1 11,308.6 10,055.2 8,915.3 7,832.1 6,763.8 6,020.5 6,445.7 5,139.1
Operating Income
Operating Income 13,491 12,887 11,986 11,512 11,162 10,080 10,291 10,110 10,276 9,804 8,353 9,581 9,705 9,112 9,633 8,332 8,044 6,959 7,170 6,502 5,922 5,259 4,781 4,295 3,636 3,818 3,483 2,872 2,952 2,616 2,672 3,201.2 2,906.5 2,637.1 2,331.6 2,244.7 1,782.9 1,360 1,143.3 820.6
Interest Expense 1,121 919 819 939 1,863 1,128 935 1,219 1,151 1,342 970 909 911 899 856 903 397 329 224 239 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 200 306 244 110 59 85 97 91 57 68 67 41 125 173 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 15,543 16,680 15,754 14,924 14,899 13,223 13,091 12,807 13,122 12,263 10,828 12,291 12,465 11,892 12,427 11,462 10,111 8,917 9,281 8,634 7,230 6,673 6,208 5,631 5,105 5,095 4,712 4,106 4,058 3,689 3,718 4,777.7 4,350.7 3,852 3,366.1 3,128.7 2,554.9 1,989.3 1,706.3 1,221.3
EBIT 11,365 12,865 12,236 11,644 11,684 10,197 10,247 10,408 10,753 9,895 8,412 9,666 9,802 9,203 9,690 9,135 8,476 7,374 7,855 7,228 5,922 5,409 4,987 4,519 4,023 4,002 3,556 2,872 2,952 2,616 2,672 3,201.2 2,906.5 2,637.1 2,331.6 2,244.7 1,782.9 1,360 1,143.3 820.6
Income Before Tax 10,244 11,946 11,417 10,705 9,821 9,069 9,312 9,189 9,602 8,553 7,442 8,757 8,891 8,304 8,834 8,232 8,079 7,045 7,631 6,989 6,382 5,546 4,992 4,433 3,644 3,761 4,275 2,263 2,309 1,566 2,091 2,664.4 2,422.5 1,898.8 1,670.3 1,667.4 1,350.5 1,137.6 960.4 680.3
Income Tax Expense 1,949 2,320 2,262 1,727 2,142 1,894 1,959 (3,370) 4,694 2,174 1,941 2,199 2,104 2,090 2,372 1,894 2,100 1,879 1,973 1,347 2,304 1,372 1,424 1,433 1,244 1,218 1,770 270 818 624 669 880.4 834.6 597.1 590.1 576.8 449.1 375.4 355.3 222.5
Net Income 8,240 9,578 9,074 8,910 7,618 7,120 7,314 12,515 4,857 6,329 5,452 6,513 6,740 6,178 6,443 6,320 5,946 5,142 5,658 5,642 4,078 4,212 3,568 3,000 2,400 2,543 2,505 1,993 2,142 1,149 1,606 1,752 1,587.9 374.3 1,080.2 1,076.9 901.4 762.2 594.8 457.8
Per Share Data
EPS (Basic) 6.03 6.98 6.59 6.46 5.51 5.14 5.23 8.84 3.42 4.39 3.71 4.31 4.37 3.96 4.12 3.97 3.80 3.26 3.48 3.42 2.43 2.47 2.07 1.69 1.35 1.45 1.40 1.35 1.40 0.73 1.00 1.09 0.71 0.23 0.68 0.68 0.57 0.49 0.38 0.29
EPS (Diluted) 6.00 6.95 6.56 6.42 5.48 5.11 5.20 8.78 3.38 4.36 3.67 4.27 4.32 3.92 4.03 3.91 3.77 3.21 3.41 3.34 2.39 2.44 2.05 1.68 1.33 1.42 1.37 1.31 1.36 0.72 1.00 1.09 0.71 0.23 0.68 0.68 0.57 0.49 0.38 0.29
Shares Outstanding 1,367.3 1,373 1,376 1,380 1,382 1,385 1,399 1,415 1,420 1,428 1,448 1,488 1,529 1,544 1,564 1,590 1,557 1,582 1,621 1,649 1,677.4 1,696 1,718 1,772.8 1,775.6 1,748 1,466 1,480 1,528 1,564 1,608 1,607.2 1,613.2 1,627.4 1,588.5 1,583.7 1,581.4 1,555.5 1,565.3 1,578.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 9,159 8,505 9,711 4,954 5,596 8,185 5,509 8,721 10,610 9,158 9,096 6,134 9,375 6,297 4,067 5,943 3,943 2,064 910 1,651 1,716 1,280 820 1,638 683 1,038 964 311 1,928 307 382 330.7 226.9 169.9 186.7 170.8 76.2 1,617.8 1,352.6 920.5
Short-Term Investments 371 761 292 394 392 1,366 229 272 8,900 6,967 2,913 2,592 303 322 358 426 192 213 1,571 1,171 3,166 2,165 1,181 207 966 467 92 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 11,506 10,333 10,815 10,163 8,680 8,404 7,822 7,142 7,024 6,694 6,437 6,651 6,954 7,041 6,912 6,323 4,624 4,683 4,389 3,725 3,261 2,999 2,830 2,531 2,142 2,129 1,704 2,453 2,150 2,276 2,407 2,050.9 1,883.4 1,588.5 1,481.7 1,414.7 1,239.7 979.3 885.6 820.2
Inventory 5,845 5,306 5,334 5,222 4,347 4,172 3,338 3,128 2,947 2,723 2,720 3,143 3,409 3,581 3,827 3,372 2,618 2,522 2,290 1,926 1,693 1,541 1,412 1,342 1,310 1,192 899 1,016 732 853 1,051 970 924.7 768.8 661.5 585.8 546.1 442.4 433 431.5
Other Current Assets 1,068 921 798 0 1,788 0 0 1,997 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 514 582 1,441 514 1,706 1,720.6 2,129.1 2,315.1 2,236.2 1,910.1 1,688.8 225.2 268.4 331.6
Total Current Assets 27,949 25,826 26,950 21,539 21,783 23,001 17,645 21,893 31,027 26,450 23,031 20,663 22,203 18,720 17,441 17,569 12,571 10,806 10,151 9,130 10,454 8,639 6,930 6,413 5,853 5,617 4,173 4,362 6,251 3,950 5,546 5,072.2 5,164.1 4,842.3 4,566.1 4,081.4 3,550.8 3,264.7 2,939.6 2,503.8
Non-Current Assets
Property, Plant & Equipment 33,650 31,391 29,944 26,664 24,427 23,039 20,853 17,589 17,240 16,591 16,317 17,244 18,575 19,136 19,698 19,058 12,671 11,663 11,228 9,687 8,681 8,149 7,828 7,390 6,876 6,558 5,266 7,318 6,261 6,086 9,870 9,882.8 8,855.6 7,442 6,594.7 5,710.9 5,130.2 4,462.5 4,117.4 3,840.1
Goodwill 18,916 17,534 17,728 18,202 18,381 18,757 15,501 14,808 14,744 14,430 14,177 14,965 16,613 16,971 16,800 14,661 6,534 5,124 5,169 4,594 4,088 3,909 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 15,066 14,801 14,929 15,586 18,665 19,315 16,043 15,825 13,838 13,433 13,081 14,088 16,039 16,525 16,445 13,808 2,623 1,860 2,044 1,849 1,616 1,531 5,383 5,219 4,841 4,714 4,735 8,996 5,855 6,036 7,584 7,842.1 7,929.5 6,959 5,932.4 5,845.2 5,474.9 2,582.4 1,384.3 1,284.6
Long-Term Investments 4,564 3,331 4,330 3,886 2,627 2,792 2,683 2,409 2,042 1,950 2,311 2,689 2,623 2,351 1,566 2,021 4,484 3,883 4,354 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 2,713 2,222 2,140 2,106 2,184 1,642 1,463 760 913 636 750 860 1,425 935 932 1,036 965 2,658 1,682 4,670 6,888 5,759 5,186 4,452 4,125 3,868 3,377 1,984 1,734 6,088 2,432 1,994.9 1,756.6 1,707.9 1,681.9 1,505.9 970.8 825.7 581.4 400.1
Total Non-Current Assets 79,450 73,641 73,545 70,648 70,594 69,917 60,902 55,755 48,777 47,040 46,636 49,846 55,275 55,918 55,441 50,584 27,277 25,188 24,477 20,800 21,273 19,348 18,397 17,061 15,842 15,140 13,378 18,298 13,850 18,210 19,886 19,719.8 18,541.7 16,108.9 14,209 13,062 11,575.9 7,870.6 6,083.1 5,524.8
Total Assets 107,399 99,467 100,495 92,187 92,377 92,918 78,547 77,648 79,804 73,490 69,667 70,509 77,478 74,638 72,882 68,153 39,848 35,994 34,628 29,930 31,727 27,987 25,327 23,474 21,695 20,757 17,551 22,660 20,101 22,160 25,432 24,792 23,705.8 20,951.2 18,775.1 17,143.4 15,126.7 11,135.3 9,022.7 8,028.6
Current Liabilities
Account Payables 11,704 10,997 11,635 10,732 9,834 8,853 8,013 7,213 6,727 6,158 5,546 5,127 4,874 4,451 4,083 3,865 8,127 8,273 7,602 2,102 5,971 5,599 5,213 4,998 4,461 4,529 3,399 3,870 3,617 3,378 1,556 1,451.6 1,390 1,164.8 1,196.6 1,116.3 1,054.5 0 0 0
Short-Term Debt 6,861 7,082 6,510 3,414 4,308 3,780 2,920 4,026 5,485 6,892 4,071 5,076 5,306 4,815 6,205 4,898 464 369 0 274 2,889 1,054 591 562 354 202 233 3,921 0 26 706 678.5 2,191.2 706.8 228.2 1,626.5 866.3 1,451 645.9 232.7
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
Other Current Liabilities 8,001 7,472 7,656 6,909 7,037 5,914 4,970 5,032 4,739 4,544 4,601 4,658 4,515 4,427 4,756 4,451 0 0 (2,894) 1,897 546 99 611 492 183 64 156 123 640 387 2,968 3,140.3 2,993.7 2,452.8 2,297.3 2,027.7 1,771 2,422.6 2,076.9 1,990.4
Total Current Liabilities 32,764 31,536 31,647 26,785 26,220 23,372 20,461 22,138 20,502 21,135 17,578 18,092 17,839 17,089 18,154 15,892 8,756 8,787 7,753 6,860 9,406 6,752 6,415 6,052 4,998 4,795 3,788 7,914 4,257 3,791 5,230 5,270.4 6,574.9 4,324.4 3,722.1 4,770.5 3,691.8 3,873.6 2,722.8 2,223.1
Non-Current Liabilities
Long-Term Debt 42,321 37,224 37,595 35,657 36,026 40,370 29,148 28,295 33,796 30,053 29,213 23,821 24,333 23,544 20,568 19,999 7,400 7,858 4,203 2,550 2,313 2,397 1,702 2,187 2,651 3,009 2,812 4,028 4,946 8,174 8,509 8,840.5 7,442.6 7,964.8 7,806.2 5,600.1 5,777.1 2,656 2,279.9 2,632.6
Deferred Tax Liabilities 3,802 3,484 3,895 4,133 4,826 4,284 4,091 3,499 3,242 4,434 4,959 5,304 5,986 5,063 4,995 4,057 659 226 646 528 1,434 1,216 1,261 1,718 1,496 1,367 1,209 2,003 1,697 1,575 1,885 1,972.9 2,007.6 1,682.3 1,070.1 942.8 856.9 800.9 804.6 777.6
Other Non-Current Liabilities 7,965 9,052 8,721 8,339 9,154 11,340 9,979 9,114 11,283 6,669 5,887 5,744 4,931 6,543 8,266 6,729 5,591 6,541 4,792 4,545 4,254 4,050 4,053 4,219 3,902 3,982 2,861 2,314 2,265 1,997 2,495 1,852.1 1,342 1,624 631.3 925.8 909.8 643.8 706.8 336.2
Total Non-Current Liabilities 54,088 49,760 50,211 48,129 50,006 55,994 43,218 40,908 48,321 41,156 40,059 34,869 35,250 35,150 33,829 30,785 13,650 14,625 9,641 7,623 8,001 7,663 7,016 8,124 8,049 8,358 6,882 8,345 8,908 11,746 12,889 12,665.5 10,792.2 11,271.1 9,507.6 7,468.7 7,543.8 4,100.7 3,791.3 3,746.4
Total Liabilities 86,852 81,296 81,858 74,914 76,226 79,366 63,679 63,046 68,823 62,291 57,637 52,961 53,089 52,239 51,983 46,677 22,406 23,412 17,394 14,483 17,407 14,415 13,431 14,176 13,047 13,153 10,670 16,259 13,165 15,537 18,119 17,935.9 17,367.1 15,595.5 13,229.7 12,239.2 11,235.6 7,974.3 6,514.1 5,969.5
Stockholders' Equity
Common Stock 23 23 23 23 23 23 23 23 24 24 24 25 25 26 26 31 30 30 30 30 30 30 30 30 30 34 29 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 72,788 72,266 70,035 67,800 65,165 63,443 61,946 59,947 52,839 52,518 50,472 49,092 46,420 43,158 40,316 37,090 33,805 30,638 28,184 24,837 21,116 18,730 15,961 13,464 11,519 16,510 14,066 12,800 11,567 9,184 8,730 7,739.1 6,541.9 5,439.7 5,470 4,753 3,978.4 3,329.7 2,776.7 2,356.6
Accumulated Other Comprehensive Income (15,024) (17,612) (15,534) (15,302) (14,898) (15,476) (14,300) (15,119) (13,057) (13,919) (13,319) (10,669) (5,127) (5,487) (6,229) (3,630) (3,794) (4,694) (952) (2,246) (1,053) (886) (1,267) (1,672) (1,646) (1,395) (989) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 20,406 18,041 18,503 17,149 16,043 13,454 14,786 14,518 10,889 11,095 11,923 17,438 24,279 22,294 20,588 21,164 16,804 12,106 17,234 15,447 14,320 13,572 11,896 9,298 8,648 7,604 6,881 6,401 6,936 6,623 7,313 6,856.1 6,338.7 5,355.7 5,545.4 4,904.2 3,891.1 3,161 2,508.6 2,059.1
Total Liabilities & Equity 107,399 99,467 100,495 92,187 92,377 92,918 78,547 77,648 79,804 73,490 69,667 70,509 77,478 74,638 72,882 68,153 39,848 35,994 34,628 29,930 31,727 27,987 25,327 23,474 21,695 20,757 17,551 22,660 20,101 22,160 25,432 24,792 23,705.8 20,951.2 18,775.1 17,143.4 15,126.7 11,135.3 9,022.7 8,028.6
Debt Metrics
Total Debt 49,901 44,948 44,661 39,554 40,780 44,610 32,510 32,321 39,281 36,945 33,284 28,897 29,639 28,359 26,773 24,897 7,864 8,227 4,203 2,824 5,202 3,451 2,293 2,749 3,005 3,211 3,045 7,949 4,946 8,200 9,215 9,519 9,633.8 8,671.6 8,034.4 7,226.6 6,643.4 4,107 2,925.8 2,865.3
Net Debt 40,742 36,443 34,950 34,600 35,184 36,425 27,001 23,600 28,671 27,787 24,188 22,763 20,264 22,062 22,706 18,954 3,921 6,163 3,293 1,173 3,486 2,171 1,473 1,111 2,322 2,173 2,081 7,638 3,018 7,893 8,833 9,188.3 9,406.9 8,501.7 7,847.7 7,055.8 6,567.2 2,489.2 1,573.2 1,944.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Operating Activities
Net Income 8,295 9,626 9,155 8,978 7,679 7,175 7,353 12,559 4,908 6,379 5,501 6,513 6,787 6,178 6,462 6,338 5,979 5,142 5,658 5,642 4,078 4,174 3,568 3,000 2,662 2,543 2,050 1,993 2,142 1,149 1,606 1,784 1,587.9 1,301.7 1,080.2 1,076.9 901.4
Depreciation & Amortization 4,178 3,815 3,518 3,280 3,215 3,026 2,844 2,399 2,369 2,368 2,416 2,625 2,663 2,689 2,737 2,327 1,635 1,543 1,426 1,406 1,308 1,264 1,221 1,112 1,082 1,093 1,032 1,234 1,106 1,719 1,740 1,576.5 1,444.2 1,214.9 1,034.5 884 772
Stock-Based Compensation 288 362 380 343 301 264 237 256 292 284 295 294 303 273 326 299 227 238 260 270 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (1,645) (1,696) (337) (888) 718 (303) (479) 912 (487) 896 707 1,159 609 234 (844) 763 264 (791) (104) (556) 416 (313) (75) 305 84 416 98 (398) 196 179 (411) 31.3 (325.8) (68.6) (34.2) 27.2 12.9
Other Non-Cash Items 900 224 997 (115) (785) 90 (751) (1,805) (158) 25 1,583 (66) 384 (1,216) (232) (1,779) (1,593) 294 (424) (168) (390) (88) (63) 36 211 325 (104) 232 6,160 590 918 391.1 344.8 315.6 227.2 15.8 128.4
Operating Cash Flow 12,087 12,507 13,442 10,811 11,616 10,613 9,649 9,415 9,994 10,404 10,580 10,506 9,688 8,479 8,944 8,448 6,796 6,999 6,934 6,084 5,852 5,054 4,328 4,627 4,201 4,440 3,027 3,211 9,655 3,797 3,742 3,716 3,134.4 2,711.6 2,430.3 2,110 1,885.9
Investing Activities
Capital Expenditure (4,415) (5,318) (5,518) (5,207) (4,625) (4,240) (4,232) (3,282) (2,969) (3,040) (2,758) (2,859) (2,795) (2,714) (3,339) (3,253) (2,128) (2,446) (2,430) (2,068) (1,736) (1,387) (1,345) (1,437) (1,324) (1,352) (1,548) (5,942) (1,506) (1,630) (2,104) (2,253.2) (1,981.6) (1,549.6) (1,457.8) (1,180.1) (943.8)
Acquisitions (3,391) (90) (239) 2,632 108 (6,368) (2,464) (991) 206 (127) (578) 115 21 (459) (2,249) (3,804) 15 (40) (1,320) (485) (1,095) 38 95 (351) (432) (98) 625 151 301 57 303 55.3 72.5 89 69.6 45.3 69.7
Purchases of Investments (190) (425) (555) (291) (58) (1,135) 4,232 (5,637) (18,385) (12,504) (314) (2,298) 109 95 (164) (704) (500) (156) (496) (29) (1,075) (969) (981) (76) (2,578) (4,959) (2,025) (525) (827) (235) (289) (228.5) (587) (1,424.2) (2,014.1) (2,321.2) (2,131.1)
Sales/Maturities of Investments 689 5 571 174 1,135 27 97 14,338 16,536 8,415 4,114 4,007 61 61 66 29 55 1,640 455 2,364 298 52 31 833 2,078 4,585 2,020 1,423 177 928 353 649.5 846 1,371.8 1,873.2 2,139.4 2,143.4
Other Investing Activities 428 356 246 262 171 97 (4,070) 136 209 108 (4,033) (3,902) (21) 12 68 64 157 (1,665) 47 24 91 (64) (71) 504 (381) (172) (244) (126) (215) (174) (713) (584.1) (1,120.6) (1,240.5) (746.7) (620.7) (3,394.5)
Investing Cash Flow (6,879) (5,472) (5,495) (2,430) (3,269) (11,619) (6,437) 4,564 (4,403) (7,148) (3,569) (4,937) (2,625) (3,005) (5,618) (7,668) (2,401) (2,667) (3,744) (194) (3,517) (2,330) (2,271) (527) (2,637) (1,996) (1,172) (5,019) (2,070) (1,054) (2,450) (2,361) (2,770.7) (2,753.5) (2,275.8) (1,937.3) (4,256.3)
Financing Activities
Net Debt Issuance 3,748 695 4,770 (810) (4,132) 11,293 (355) (6,962) 2,050 3,746 4,632 (331) 1,466 2,089 936 8,374 (187) 3,515 1,194 (2,447) 1,696 1,104 (576) (404) (341) (705) 391 2,762 (3,175) (704) (352) (204.4) 589.9 400.3 1,751.4 393.1 2,591.8
Stock Repurchased (1,000) (1,000) (1,000) (1,500) (106) (2,000) (3,000) (2,000) (2,005) (3,007) (5,005) (5,012) (3,008) (3,226) (2,496) (4,983) (7) (4,726) (4,312) (3,010) (3,031) (3,055) (1,945) (2,190) (1,731) (1,684) (1,667) (2,230) (2,459) (1,651) (541) (549.1) (463.5) (32) (195.2) 0 0
Dividends Paid (7,638) (7,229) (6,682) (6,172) (5,815) (5,509) (5,304) (4,930) (4,472) (4,227) (4,040) (3,730) (3,434) (3,305) (3,157) (2,978) (2,732) (2,541) (2,204) (1,854) (1,642) (1,329) (1,070) (1,041) (994) (949) (935) (757) (736) (675) (599) (540.2) (461.6) (395.5) (343.2) (293.9) (241.9)
Other Financing Activities (186) (22) 43 66 (912) 35 170 125 241 546 585 819 1,187 1,136 (418) (65) 16 727 1,316 1,328 0 0 0 0 0 0 0 0 5 (9) 7 (43.5) (36.7) (30.9) (1,344.1) (176.3) (28.9)
Financing Cash Flow (4,979) (7,556) (3,009) (8,523) (10,780) 3,819 (8,489) (13,769) (4,186) (2,942) (3,828) (8,264) (3,789) (3,306) (5,135) 1,386 (2,497) (3,025) (4,006) (5,983) (1,878) (2,315) (2,902) (3,179) (1,919) (2,648) (1,828) 190 (5,962) (2,716) (1,233) (1,239.8) (303.3) 24.7 (131.1) (77.1) 2,321
Cash Position
Net Change in Cash 651 (1,208) 4,661 (607) (2,547) 2,684 (5,199) 112 1,452 62 2,962 (3,241) 3,078 2,230 (1,876) 2,000 1,879 1,154 (741) (65) 436 460 (818) 955 (355) (208) 608 (1,617) 1,621 65 51 103.8 57 (16.8) 15.9 94.6 (66.5)
Cash at Beginning 8,553 9,761 5,100 5,707 8,254 5,570 10,769 10,657 9,158 9,096 6,134 9,375 6,297 4,067 5,943 3,943 2,064 910 1,651 1,716 1,280 820 1,638 683 1,038 1,246 311 1,928 307 382 331 226.9 169.9 186.7 170.8 76.2 142.7
Cash at End 9,204 8,553 9,761 5,100 5,707 8,254 5,570 10,769 10,610 9,158 9,096 6,134 9,375 6,297 4,067 5,943 3,943 2,064 910 1,651 1,716 1,280 820 1,638 683 1,038 964 311 1,928 447 382 330.7 226.9 169.9 186.7 170.8 76.2
Free Cash Flow 7,672 7,189 7,924 5,604 6,991 6,373 5,417 6,133 7,025 7,364 7,822 7,647 6,893 5,765 5,605 5,195 4,668 4,553 4,504 4,016 4,116 3,667 2,983 3,190 2,877 3,088 1,479 (2,731) 8,149 2,167 1,638 1,462.8 1,152.8 1,162 972.5 929.9 942.1
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 93,925 91,854 91,471 86,392 79,474 70,372 67,161 64,661 63,525 62,799 63,056 66,683 66,415 65,492 66,504 57,838 43,232 43,251 39,474 35,137 32,562 29,261 26,971 25,112 23,512 25,479 25,093 22,348 20,917 20,337 19,067 28,472.4 25,020.7 21,970 19,607.9 17,802.7 15,242.4 13,007 11,485.2 9,290.8
Gross Profit 50,859 50,110 49,590 45,816 42,399 38,575 37,029 35,280 34,729 34,577 34,325 35,445 35,172 34,201 34,911 31,263 23,133 22,900 21,436 19,375 18,386 16,587 14,592 13,615 12,762 15,253 14,767 14,030 13,299 12,752 11,851 16,021.3 14,215.1 12,692.3 11,246.9 10,076.8 8,546.7 7,380.5 7,589 5,959.7
Operating Income 13,491 12,887 11,986 11,512 11,162 10,080 10,291 10,110 10,276 9,804 8,353 9,581 9,705 9,112 9,633 8,332 8,044 6,959 7,170 6,502 5,922 5,259 4,781 4,295 3,636 3,818 3,483 2,872 2,952 2,616 2,672 3,201.2 2,906.5 2,637.1 2,331.6 2,244.7 1,782.9 1,360 1,143.3 820.6
Net Income 8,240 9,578 9,074 8,910 7,618 7,120 7,314 12,515 4,857 6,329 5,452 6,513 6,740 6,178 6,443 6,320 5,946 5,142 5,658 5,642 4,078 4,212 3,568 3,000 2,400 2,543 2,505 1,993 2,142 1,149 1,606 1,752 1,587.9 374.3 1,080.2 1,076.9 901.4 762.2 594.8 457.8
EPS (Diluted) 6.00 6.95 6.56 6.42 5.48 5.11 5.20 8.78 3.38 4.36 3.67 4.27 4.32 3.92 4.03 3.91 3.77 3.21 3.41 3.34 2.39 2.44 2.05 1.68 1.33 1.42 1.37 1.31 1.36 0.72 1.00 1.09 0.71 0.23 0.68 0.68 0.57 0.49 0.38 0.29
Balance Sheet
Cash & Equivalents 9,159 8,505 9,711 4,954 5,596 8,185 5,509 8,721 10,610 9,158 9,096 6,134 9,375 6,297 4,067 5,943 3,943 2,064 910 1,651 1,716 1,280 820 1,638 683 1,038 964 311 1,928 307 382 330.7 226.9 169.9 186.7 170.8 76.2 1,617.8 1,352.6 920.5
Total Assets 107,399 99,467 100,495 92,187 92,377 92,918 78,547 77,648 79,804 73,490 69,667 70,509 77,478 74,638 72,882 68,153 39,848 35,994 34,628 29,930 31,727 27,987 25,327 23,474 21,695 20,757 17,551 22,660 20,101 22,160 25,432 24,792 23,705.8 20,951.2 18,775.1 17,143.4 15,126.7 11,135.3 9,022.7 8,028.6
Total Debt 49,901 44,948 44,661 39,554 40,780 44,610 32,510 32,321 39,281 36,945 33,284 28,897 29,639 28,359 26,773 24,897 7,864 8,227 4,203 2,824 5,202 3,451 2,293 2,749 3,005 3,211 3,045 7,949 4,946 8,200 9,215 9,519 9,633.8 8,671.6 8,034.4 7,226.6 6,643.4 4,107 2,925.8 2,865.3
Stockholders' Equity 20,406 18,041 18,503 17,149 16,043 13,454 14,786 14,518 10,889 11,095 11,923 17,438 24,279 22,294 20,588 21,164 16,804 12,106 17,234 15,447 14,320 13,572 11,896 9,298 8,648 7,604 6,881 6,401 6,936 6,623 7,313 6,856.1 6,338.7 5,355.7 5,545.4 4,904.2 3,891.1 3,161 2,508.6 2,059.1
Cash Flow
Operating Cash Flow 12,087 12,507 13,442 10,811 11,616 10,613 9,649 9,415 9,994 10,404 10,580 10,506 9,688 8,479 8,944 8,448 6,796 6,999 6,934 6,084 5,852 5,054 4,328 4,627 4,201 4,440 3,027 3,211 9,655 3,797 3,742 3,716 3,134.4 2,711.6 2,430.3 2,110 1,885.9
Capital Expenditure (4,415) (5,318) (5,518) (5,207) (4,625) (4,240) (4,232) (3,282) (2,969) (3,040) (2,758) (2,859) (2,795) (2,714) (3,339) (3,253) (2,128) (2,446) (2,430) (2,068) (1,736) (1,387) (1,345) (1,437) (1,324) (1,352) (1,548) (5,942) (1,506) (1,630) (2,104) (2,253.2) (1,981.6) (1,549.6) (1,457.8) (1,180.1) (943.8)
Free Cash Flow 7,672 7,189 7,924 5,604 6,991 6,373 5,417 6,133 7,025 7,364 7,822 7,647 6,893 5,765 5,605 5,195 4,668 4,553 4,504 4,016 4,116 3,667 2,983 3,190 2,877 3,088 1,479 (2,731) 8,149 2,167 1,638 1,462.8 1,152.8 1,162 972.5 929.9 942.1