Packaging Corporation of America logo PKG - Packaging Corporation of America

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 14
SELL 2
STRONG
SELL
0
| PRICE TARGET: $251.75 DETAILS
HIGH: $258.00
LOW: $245.00
MEDIAN: $252.00
CONSENSUS: $251.75
UPSIDE: 16.60%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 2,367.8 2,363.6 2,313.4 2,171.3 2,141 2,146.1 2,182.4 2,075.3 1,979.5 1,937.9 1,936 1,952.1 1,976.3 1,978.4 2,125.9 2,237.3 2,136.4 2,043.2 2,000.1 1,879.9 1,807.2 1,714.2 1,693.7 1,541.6 1,708.7 1,720 1,750.7 1,759.9 1,733.7 1,746.5 1,809.9 1,767.5 1,690.6 1,684.3 1,640.1 1,584 1,536.5 1,476.6 1,484 1,417.4 1,401 1,390.9 1,470.8 1,454.3 1,425.7 1,433.9 1,518.9 1,468.4 1,431.3 1,264.4 845.4 800.2 755.2 736.6 723.5 712.5 671.4 654.3 670.8 665.5 629.5 626.7 642.8 615.5 550.7 532.3 553.6 549.4 512.4 546.1 620.8 616.2 577.5 580.2 591.0 585.6 559.2 553.1 575.0 551.1 507.9 472.7 512.2 519.3 489.4 492.6 498.8 467.4 431.3 431.2 436.5 418.2 447.4 413.1 467.0 454.7 524.9 487.7 492.4 456.1
Cost of Revenue 1,914.9 1,916.1 1,809.1 1,688.3 1,686.3 1,676.4 1,677.2 1,637.6 1,609.1 1,527.8 1,523.3 1,507.4 1,544.9 1,544.7 1,607.5 1,648.5 1,603.2 1,533.3 1,489.4 1,431.1 1,403.5 1,380.9 1,348.3 1,209.7 1,342.9 1,336.7 1,339.3 1,332 1,312.3 1,321.1 1,366.7 1,346.9 1,334.5 1,312.6 1,243.1 1,219.7 1,198.3 1,149.5 1,154.5 1,097.3 1,102 1,105.8 1,142.5 1,136.6 1,148.7 1,137.0 1,198.6 1,157.6 1,129.9 1,005.6 617.8 605.0 570.0 562.6 560.9 554.4 526.3 520.1 533.1 528.6 496.4 479.4 476.3 483.8 463.9 444.7 443.0 430.9 402.4 431.9 488.7 489.0 459.3 447.9 451.5 445.5 446.2 429.6 440.6 439.2 431.2 415.5 431.7 423.4 416.2 407.7 400.8 396.7 390.6 363.7 357.5 336.3 363.7 323.4 354.8 347.5 359.2 350.4 363.7 312.6
Gross Profit 452.9 447.5 504.3 483 454.7 469.7 505.2 437.7 370.4 410.1 412.7 444.7 431.4 433.7 518.4 588.8 533.2 509.9 510.7 448.8 403.7 333.3 345.4 331.9 365.8 383.3 411.4 427.9 421.4 425.4 443.2 420.6 356.1 371.7 397 364.3 338.2 327.1 329.5 320.1 299 285.1 328.3 317.7 277 297.0 320.3 310.8 301.4 258.8 227.6 195.2 185.2 173.9 162.6 158.1 145.0 134.2 137.7 136.9 133.1 147.3 166.5 131.7 86.8 87.5 110.5 118.5 110.0 114.2 132.1 127.2 118.2 132.3 139.6 140.1 113.0 123.5 134.5 111.9 76.6 57.1 80.5 95.9 73.3 84.9 98.0 70.7 40.6 67.5 78.9 81.8 83.7 89.7 112.2 107.2 165.6 137.2 128.7 143.5
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 15.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 180.3 165.3 154.3 153.2 161.4 147 162 149.5 151.9 142.8 144.2 147.6 150.2 145.7 145.2 156.7 161.1 141.1 144.5 146.3 145 130.2 127.1 136.3 145.9 137 136.9 143.7 140 129.7 134.2 137.7 134.9 133.7 129.6 129.6 127.8 125.1 116.9 114.8 114.3 105.4 112.7 115.9 117.3 110.5 119.6 122.9 116.5 99.7 77.1 74.2 75.3 71.9 68.5 70.6 68.8 65.1 65.3 64.5 63.5 60.9 62.7 60.0 56.9 55.6 57.4 58.2 56.7 59.0 60.9 57.9 57.6 56.0 56.0 57.6 54.8 53.7 55.0 51.9 48.9 46.5 50.4 50.3 46.8 47.8 47.5 42.9 42.5 42.2 42.5 43.6 44.9 40.1 42.1 41.0 42.1 38.5 39.3 36.1
Other Expenses 0 0 25.5 (3.9) 13 20.5 16.1 12.2 22.5 5.8 9.9 12.7 10.5 0 2.9 1.3 2.1 1.9 3.1 2 3.1 (14.2) 0.4 (0.1) 3.6 (16) 0 0 0 (14.4) 0 0 0 (12.8) 0 0 0 (13.3) 0 0 0 (9.3) 0 0 (3.6) (12.3) 0 0 0 46.7 7.7 10.8 5.4 (80.4) (17.0) (17.7) (16.9) 1.3 1.2 4.5 3.7 (19.2) 116.0 3.9 (20.1) (165.7) (164.5) (164.2) 3.7 3.4 2.5 5.2 3.4 1.2 2.1 2.3 1.4 0.9 2.9 2.4 2.2 (3.3) 3.8 (8.6) 0 (23.6) 0 0 0 (8.4) 3.1 0 2.2 (260.4) 0.5 0.2 36.7 2.2 0.8 37.5
Operating Expenses 180.3 165.3 179.8 149.3 174.4 167.5 178.1 161.7 174.4 148.6 154.1 160.3 160.7 145.7 148.1 158 163.2 143 147.6 148.3 148.1 131.5 127.5 136.2 149.5 137 136.9 143.7 140 129.7 134.2 137.7 134.9 133.7 129.6 129.6 127.8 125.1 116.9 114.8 114.3 105.4 112.7 115.9 113.7 110.5 119.6 122.9 116.5 99.7 77.1 74.2 75.3 (31.8) 68.5 70.6 (26.7) 66.3 66.6 69.0 67.2 67.3 178.8 63.9 62.4 58.3 61.3 62.5 60.4 62.4 63.3 63.0 61.0 57.3 58.1 59.9 56.3 54.6 57.9 54.3 51.1 43.2 54.2 41.6 46.8 24.2 47.5 42.9 42.5 33.8 45.6 43.6 47.1 (220.3) 42.6 41.2 78.7 40.7 40.1 73.6
Operating Income
Operating Income 272.6 282.2 324.5 333.7 280.3 302.2 327.1 276 196 261.5 258.6 284.4 270.7 288 370.3 430.8 370 366.9 363.1 300.5 255.6 201.8 217.9 195.7 216.3 235.1 262.8 280.4 275.4 286.7 298.5 269.6 212.9 252 242.6 234.1 203.4 192.9 206.4 200.2 180.8 175.9 219.4 197.6 157.1 173.2 188.4 180.2 160.9 121.1 142.8 110.2 106 98.4 92.1 83.9 169.1 67.8 71.2 67.9 65.9 96.4 (12.3) 67.7 33.6 70.8 96.3 135.7 49.6 51.8 68.7 64.2 57.1 75.0 81.5 80.2 56.7 68.8 76.6 57.6 25.5 13.9 26.3 54.3 26.4 60.7 50.4 27.8 (1.9) 33.7 33.3 38.2 36.6 310.0 69.6 66.0 86.9 96.6 88.5 69.9
Interest Expense 32.6 33.8 19.3 13.1 12.9 11.7 9.7 10.4 9.6 11.1 12.3 14.6 15.4 15.1 16.5 18.8 19.8 80.2 23.9 24.9 23.5 24.4 24.4 25.1 19.6 60.7 21.6 22.4 24.1 22.2 23.9 23.8 25.8 28 25.4 25.2 24 24.4 23.4 22.5 21.6 22.3 21.7 22.2 19.2 23.2 23.1 21.4 20.8 27.9 11.9 9.2 9.2 9.4 30.6 13.3 9.7 9.3 6.7 6.3 6.9 7.6 7.9 8.1 8.7 9.0 9.0 8.8 8.7 0 8.1 8.2 6.3 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
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0 0 0 0 0 0 0 0 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 497.8 390 477.1 474.3 418.3 439.3 461 405.6 325.5 390.5 386.2 410.3 398.2 410.4 477.9 533.7 469.8 467 463.4 404.3 343.9 290.7 310.6 224.9 310 332.1 358.8 374.3 368.2 384 399.4 373.2 320.5 359.7 340.1 327.8 295.9 286.6 294.4 287.8 269.5 266.5 307.1 284.4 250.5 267.5 295.8 283.3 246.9 209.2 191.2 154.9 150.3 141.7 135.0 126.3 211.7 110.7 112.3 108.5 105.2 119.5 26.7 106.8 63.0 68.5 86.8 93.6 86.3 92.2 106.4 99.9 93.7 111.1 117.8 116.5 93.7 107.1 114.7 95.9 63.3 53.0 68.1 93.9 64.3 101.5 90.6 67.4 37.0 74.0 72.9 77.4 75.0 347.5 106.2 101.4 123.6 133.7 125.4 107.4
EBIT 272.6 168.4 324.5 333.7 280.3 303.3 328.3 277.1 197.1 259.6 256.8 282.4 268.7 291.6 363.9 419.4 360.1 360.6 357.8 299.6 243.1 189.8 210.1 116.7 209.7 233.2 260.9 278.4 273.4 286.7 298 269.1 212.4 252 242.6 234.1 203.4 192.9 206.4 200.2 180.8 175.9 219.4 197.6 157.1 173.2 188.4 180.2 160.9 121.1 142.8 110.2 106 98.4 92.1 83.9 169.1 67.8 71.2 67.9 65.9 80.0 (12.3) 67.7 24.4 29.2 49.2 56.0 49.6 51.8 68.7 64.2 57.1 75.0 81.5 80.2 56.7 68.8 76.6 57.6 25.5 13.9 26.3 54.3 26.4 60.7 50.4 27.8 (1.9) 33.7 33.3 38.2 36.6 310.0 69.6 66.0 86.9 96.6 88.5 69.9
Income Before Tax 219.8 134.6 305.2 320.6 267.4 291.6 318.6 266.7 187.5 248.5 244.5 267.8 253.3 276.5 347.4 400.6 340.3 280.4 333.9 274.7 219.6 165.4 185.7 91.6 190.1 172.4 239.3 256 249.3 264.5 274.1 245.3 186.6 224 216.9 208.6 179.1 168.6 183 177.7 159.2 153.6 197.7 175.4 137.9 150.1 165.3 158.8 140.1 93.2 130.9 101.0 96.7 89.0 61.5 70.6 159.4 58.5 64.5 61.5 59 88.8 (20.2) 59.7 24.9 61.8 87.4 126.9 40.9 42.7 60.6 56.0 50.8 69.3 75.7 73.3 49.6 61.7 68.7 49.3 17.5 1.0 19.2 47.2 20.5 56.9 40.7 20.5 (10.6) (1.1) 17.6 19.1 19.3 (25.4) 50.7 46.4 121.6 66.7 56.4 42.5
Income Tax Expense 48.9 32.8 78.3 79.1 63.6 70.5 80.5 67.8 40.6 59.3 61.3 65.1 63.2 64.9 84.9 99.1 86.1 64 83.2 67.4 53.1 41.9 46.6 34.9 48.4 36.2 59.5 62.4 62.5 59.9 67.4 58.7 46.5 (44.9) 77.8 65.4 61.7 57.9 63.7 61.8 55.5 49.3 69.9 61.4 47.1 51.5 60.9 59.2 50 (133.8) 45.9 33.6 33.4 28 21.7 25.4 141.6 19.0 22.7 22.1 21.6 33.9 (113.5) 21.6 5.7 3.2 14.7 18 15.2 12.4 22.5 20.8 18.8 25.3 27.1 27.1 18.4 21.7 25.2 17.4 5.4 (0.6) 8.7 19.4 7.9 20.6 16.8 9.0 (4.2) (1.3) 6.9 6.7 7.7 11.8 19.4 18.3 47.2 26.7 23.1 17.3
Net Income 170.9 101.1 226.9 241.5 203.8 221.1 238.1 198.9 146.9 189.2 183.2 202.7 190.1 211.6 262.5 301.5 254.2 216.5 250.7 207.3 166.5 123.6 139.1 56.7 141.7 136.2 179.8 193.6 186.8 204.6 206.7 186.6 140.1 268.9 139.1 143.2 117.4 110.7 119.3 115.9 103.7 104.2 127.8 114 90.8 98.5 104.4 99.6 90.1 227.0 84.7 66.3 62.3 61.0 39.8 45.2 17.8 39.5 41.8 39.4 37.4 54.9 93.3 38.0 19.2 58.7 72.7 108.9 25.7 30.2 38.1 35.2 32.1 44.0 48.7 46.2 31.2 40.1 43.6 32.1 10.9 1.7 10.6 27.8 12.6 36.3 24.6 12.3 (6.6) 0.2 10.7 12.4 11.6 18.4 31.3 27.6 63.4 40.0 33.3 25.2
Per Share Data
EPS (Basic) 1.92 1.13 2.52 2.68 2.27 2.46 2.65 2.20 1.63 2.10 2.04 2.25 2.10 2.34 2.81 3.22 2.71 2.29 2.64 2.18 1.75 1.30 1.47 0.60 1.50 1.44 1.90 2.05 1.98 2.17 2.19 1.98 1.48 2.85 1.47 1.52 1.25 1.17 1.27 1.23 1.09 1.07 1.31 1.16 0.92 1.00 1.06 1.01 0.92 2.35 0.87 0.67 0.63 0.63 0.41 0.47 0.18 0.41 0.42 0.39 0.37 0.55 0.92 0.37 0.19 0.58 0.71 1.07 0.25 0.30 0.37 0.34 0.31 0.42 0.46 0.44 0.30 0.38 0.42 0.31 0.11 0.02 0.10 0.26 0.12 0.34 0.23 0.12 -0.06 0.00 0.10 0.12 0.11 0.17 0.29 0.26 0.60 0.38 0.31 0.25
EPS (Diluted) 1.91 1.13 2.51 2.67 2.26 2.45 2.64 2.20 1.63 2.10 2.03 2.24 2.11 2.33 2.80 3.20 2.70 2.28 2.63 2.17 1.75 1.30 1.46 0.59 1.49 1.43 1.89 2.04 1.97 2.16 2.18 1.97 1.48 2.84 1.47 1.52 1.24 1.17 1.26 1.23 1.09 1.07 1.31 1.16 0.92 1.00 1.06 1.01 0.92 2.33 0.86 0.66 0.62 0.63 0.41 0.46 0.18 0.41 0.42 0.39 0.37 0.55 0.91 0.37 0.19 0.58 0.71 1.07 0.25 0.30 0.37 0.34 0.31 0.42 0.46 0.44 0.30 0.38 0.42 0.31 0.10 0.02 0.10 0.26 0.12 0.34 0.23 0.11 -0.06 0.00 0.10 0.12 0.11 0.17 0.29 0.25 0.60 0.37 0.31 0.24
Shares Outstanding 88.4 90.0 90.0 89.6 89.6 89.1 89.1 89.6 89.4 89.6 89.1 89.1 89.4 90.6 92.8 92.9 92.9 93.9 94.3 94.3 94.4 94.5 93.9 93.7 94.3 94.6 94.4 94.2 93.6 93.5 93.7 93.5 93.9 93.6 93.9 93.4 93.1 93.7 93.1 93.3 94.1 97.5 96.5 97.1 97.4 98.5 97.2 97.0 96.8 96.7 96.8 96.4 96.4 96.3 96.4 96.3 96.6 96.6 99 100.1 100.7 100.7 101.8 102 101.9 101.8 101.7 101.5 101.4 101.4 102.6 103.1 103.8 103.8 104.6 104.6 104.2 103.9 103.7 103.4 103.4 103.4 107.7 107.4 107.0 106.8 106.6 106.2 105.8 105.2 104.4 104.4 105.5 105.5 106.6 106.4 104.9 106.0 105.8 101.6
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
Current Assets
Cash & Cash Equivalents 397.1 529 634 787.9 751.7 685 676.6 613.6 692.4 648 573.2 477.1 367.7 320 648.7 667.3 628.6 618.7 1,702.9 972.2 983.4 974.6 949.1 853.3 764 679.5 738.3 569.4 442.4 361.5 293.8 199.6 102.4 216.9 370.5 321 254 239.3 279.8 213.6 162.3 181.5 197.6 260.7 192.9 140.0 194.1 91.2 87.6 172.0 131.5 140.0 131.3 129.7 65.3 15.7 46.3 7.9 36.7 4.4 24.3 10.3
Short-Term Investments 146.6 71.8 94.7 92.4 91.4 102 95 490.8 492.3 493.5 104 101.9 95.6 85.2 77.7 82.3 81.3 86.1 88.3 101.7 102.5 105.6 101.2 86.9 92.3 87.9 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 0 0 0 0
Net Receivables 1,351.1 1,283.9 1,410.5 1,205.9 1,164.1 1,154.2 1,216.1 1,145.5 1,045.1 1,037.5 1,045.2 1,023.9 1,031.4 1,067.5 1,118.9 1,212 1,140.7 1,078.4 1,078.1 981.4 908.6 837.5 864.6 823.4 879.5 872.1 941.8 958.4 930.3 918.6 991.3 936.7 908.8 900.2 851.3 755.2 733.3 703.1 731.5 663.4 631.4 427.5 412.8 375.9 325.9 255.3 300.4 206.9 188.9 191.4 193.8 190.1 175.7 201.5 222.7 208.6 204.0 216.0 227.8 230.0 219.4 209.1
Inventory 1,258.4 1,243.2 1,277.1 1,144.7 1,140.6 1,124.9 1,061.9 1,029.5 1,003.6 1,013.1 986.1 992.2 1,003.4 977.3 994.9 954.2 941.2 902.5 880.1 827.2 799.6 787.9 777.6 834.5 809.9 794.1 806.3 815.7 831.7 795.6 780.6 763.7 766.4 762.5 736.6 734.4 744.5 723.6 690.6 671.3 692.5 207.9 215.6 213.4 206.9 205.5 202.7 166.2 164.0 166.3 164.6 161.6 160.5 157.7 157.4 152.2 153.3 159.7 159.6 155.2 160.3 163.9
Other Current Assets 119.6 85.8 81.1 105.7 154.7 166.9 191.8 204.5 211.7 62.3 64.8 75.5 87.3 58.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 58 0 0 0 0 0 0 52.8 47.3 0 0 1.3 0 13.9 16.2 22.1 11.5 2.5 18.9 24.1 24.2 29.7 10.1 15.3 19.4 40.4 17.7 14.2 8.3 20.1 12.1 25.1 18.4 19.6
Total Current Assets 3,257.6 3,213.7 3,497.4 3,336.6 3,302.5 3,233 3,241.4 3,483.9 3,445.1 3,254.4 2,773.3 2,670.6 2,585.4 2,508.3 2,907.5 2,990.4 2,869.4 2,732.7 3,804.8 2,961.1 2,856.9 2,750.3 2,743.7 2,659 2,613.6 2,478.4 2,531.3 2,402.7 2,262.4 2,115.1 2,114.7 1,956.6 1,832.6 1,915.1 2,001.8 1,863.4 1,779.1 1,696.3 1,747 1,609.9 1,528.9 860.8 873.7 885.2 766.4 615.5 726.9 504.7 482.9 567.1 554.7 542.8 509.6 548.0 473.5 404.8 423.2 403.7 436.1 414.7 422.4 402.9
Non-Current Assets
Property, Plant & Equipment 5,373.1 5,361.1 5,412.3 4,430.3 4,386.4 4,315.9 4,242.6 4,228.3 4,133.9 4,143.4 4,142.4 4,172.9 4,185.2 4,198.3 4,100 4,036.7 3,935.1 3,767.3 3,591.2 3,473.5 3,444 3,427.6 3,362.6 3,344.4 3,373.9 3,386 3,342.7 3,345.2 3,327.1 3,108.6 3,065.1 3,026.5 2,961.4 2,924.9 2,881.6 2,872.5 2,887.2 2,895.7 2,878.7 2,809.9 2,817.9 1,256.9 1,204.5 1,182.5 1,195.0 1,210.8 1,208.6 1,371.6 1,384.4 1,372.8 1,388.7 1,395.7 1,409.0 1,411.6 1,452.6 1,450.0 1,443.2 1,456.0 1,630.3 1,638.4 1,634.4 1,662.6
Goodwill 1,381.7 1,372.3 1,199.8 922.4 922.4 922.4 922.4 922.4 922.4 922.4 922.4 922.4 922.4 922.4 922.4 922.5 923.1 923.5 863.5 863.5 863.5 863.5 863.5 863.5 918.7 918.7 918.7 918.7 917.3 917.3 888.7 888.7 883.2 883.2 732.1 731.1 737.1 737.9 692.1 544 544 38.9 38.9 38.9 37.2 37.2 37.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 583.9 602.3 690.6 173.1 182.5 191.9 201.3 210.7 220.1 229.6 239.2 248.7 258.3 267.9 277.4 287.3 298.2 308.4 267.7 277 305.4 295.9 305.4 314.9 329.2 338.8 348.5 358.2 368.7 378.2 373.9 384.1 399.6 410 347.8 356.2 358.8 367.1 354.8 259.5 265.1 11.4 11.6 11.8 12.2 12.4 14.0 19.8 20.0 5.5 3.8 3.8 3.9 3.9 3.7 3.7 1.7 1.8 1.4 1.4 1.5 1.5
Long-Term Investments 71.8 67 77.7 75.6 71.3 65.2 69.7 68.4 68.5 64.1 49.3 50.6 56.9 64.9 67.1 61.2 68.5 60 57.8 49.9 47 42.7 45.2 36.3 57.1 58.1 (327.6) (314.8) (305.7) (285.2) (279.3) (272.8) (256.7) (239.5) (342.1) (342.7) (349.3) 0 (360.9) (353.9) (357.2) (13.9) (16.2) 13.8 (11.5) (2.5) (18.9) (24.1) (24.2) (29.7) (10.1) (15.3) (36.0) (40.4) 0 0 0 0 0 0 0 0
Other Non-Current Assets 109.8 109.1 102.2 103.2 104.7 104.8 76.4 68.4 67 67.2 51 41.3 40.8 42 70 42.5 43.5 44.9 45.8 48.6 51.3 53.2 52.2 53.9 55.1 55.8 49.9 49.6 53.1 50.5 57.6 59.7 63 64.3 63.9 80 81.2 80 74.6 72.8 71.4 35.6 35.6 34.5 35.7 36.3 34.7 39.1 38.9 40.3 56.5 58.3 60.2 63.3 73.1 76.2 78.8 80.7 97.0 100.2 98.6 86.2
Total Non-Current Assets 7,520.3 7,710.9 7,482.6 5,704.6 5,667.3 5,600.2 5,512.4 5,498.2 5,411.9 5,426.7 5,404.3 5,435.9 5,463.6 5,495.5 5,436.9 5,350.2 5,268.4 5,104.1 4,826 4,712.5 4,711.2 4,682.9 4,628.9 4,613 4,734 4,757.4 4,659.8 4,671.7 4,666.2 4,454.6 4,385.3 4,359 4,307.2 4,282.4 4,025.4 4,039.8 4,064.3 4,080.7 4,000.2 3,686.2 3,698.4 1,342.7 1,290.5 1,267.6 1,280.0 1,296.7 1,294.4 1,430.5 1,443.3 1,418.0 1,449.0 1,457.7 1,473.0 1,478.8 1,529.4 1,530.0 1,523.6 1,538.4 1,728.6 1,740.1 1,734.5 1,750.3
Total Assets 10,777.9 10,924.6 10,980 9,041.2 8,969.8 8,833.2 8,753.8 8,982.1 8,857 8,681.1 8,177.6 8,106.5 8,049 8,003.8 8,344.4 8,340.6 8,137.8 7,836.8 8,630.8 7,673.6 7,549 7,433.2 7,372.6 7,272 7,347.6 7,235.8 7,191.1 7,074.4 6,928.6 6,569.7 6,500 6,315.6 6,139.8 6,197.5 6,027.2 5,903.2 5,843.4 5,777 5,747.2 5,296.1 5,227.3 2,203.5 2,164.3 2,152.8 2,046.4 1,912.2 2,021.4 1,935.2 1,926.2 1,985.1 2,003.7 2,000.6 1,982.6 2,026.9 2,002.9 1,934.8 1,946.8 1,942.1 2,164.7 2,154.8 2,156.9 2,153.2
Current Liabilities
Account Payables 457.2 421 554.2 490.7 480.9 430.3 459.9 474.5 449.6 402.4 405.9 365.8 410.5 410.4 485.3 528.2 546.7 452.4 499.1 405.3 402.5 387 352.1 315.2 389 351.9 385.5 382.8 405.1 382.2 438.9 431.7 427.3 402.9 379.5 349.2 367.3 323.8 327 308.4 309 165.8 158.3 126.8 121.4 116.8 135.4 114.2 124.0 126.9 91.4 96.5 85.8 94.8 114.0 101.7 100.2 113.7 109.6 110.0 114.5 127.4
Short-Term Debt 104.4 102.1 0 0 0 0 0 399.9 399.8 399.6 399.5 0 0 0 0 0 0 0 698.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 150 156.5 156.5 156.5 25.8 25.8 6.5 6.5 109 109 109 109 109 278.7 109.1 109.1 112.8 109.1 109.1 113.1 0.1 0.1 0.1 0.1 0.2 12.4 42.1 0.1 0.8
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
Other Current Liabilities 325.7 272.6 215.1 171 197.7 300.4 190.9 155.9 121 187.8 172.7 150.7 119.7 191.7 178.1 160.4 120.5 190.7 176.9 164.8 125.8 160.7 164.2 148 120.5 159.9 157.4 142.6 115.8 171.4 166.1 144.3 111.6 158.5 156.5 136.3 111.6 158.6 157.1 128.9 108.8 0 0 0 0 0 26.3 0 0 0 0 0 0 0 0 0 0 104.6 126.4 80.2 88.4 99.3
Total Current Liabilities 1,060.9 1,015.1 1,107.5 943 1,007.7 1,001.6 1,100.5 1,431.5 1,400.3 1,265.7 1,278.9 797.7 828.9 875.5 963.4 972.9 967.9 884.8 1,644.4 816.8 805.8 782.6 775.4 683.6 744.6 723.8 770.7 729.6 740.7 693.6 766.5 715.8 673.6 832.7 824.3 760.2 776 625.4 637.5 551.5 545.3 397.0 369.4 371.0 351.0 336.5 550.5 308.1 311.1 343.0 286.7 300.7 296.8 207.9 232.5 183.0 194.3 218.5 248.3 232.4 202.9 227.5
Non-Current Liabilities
Long-Term Debt 3,968.1 3,967.3 3,966.4 2,475.2 2,474.7 2,474.2 2,473.7 2,473.2 2,472.7 2,472.2 2,075.7 2,474.7 2,474.1 2,473.6 2,473.1 2,472.6 2,472 2,471.5 2,471.1 2,479.8 2,480 2,479.4 2,478.7 2,478 2,477.4 2,476.8 2,486.3 2,485.4 2,484.6 2,483.7 2,482.9 2,482.1 2,481.2 2,480.4 2,456.3 2,457.3 2,458.4 2,620 2,625.8 2,288.1 2,289.3 548.9 548.8 548.7 548.6 548.5 398.5 585.6 585.5 585.2 629.1 629.1 629.1 768.1 816.1 816.2 858.2 869.2 1,194.0 1,233.1 1,316.2 1,329.2
Deferred Tax Liabilities 677.6 859.2 671.8 564.9 570.8 561.9 540.5 552.1 566.5 558 536.8 538.6 546.2 543 513.7 495.1 488.8 465.9 423.9 395.7 392.6 379.4 363.7 361.1 354.3 340.1 327.6 314.8 305.7 285.2 279.3 272.8 256.7 239.5 342.1 342.7 349.3 334.7 360.9 353.9 357.2 190.8 206.2 205.2 212.1 191.4 241.0 226.4 218.3 230.9 256.2 248.6 241.4 245.9 184.6 173.1 161.0 151.7 91.6 99.1 81.0 69.8
Other Non-Current Liabilities 189.1 189.5 186.5 179.3 175.9 176.8 178.9 193.9 177.5 167.1 176.7 215.2 206.7 199.2 190.3 212.9 215 215.4 298.5 351.2 355.4 357.5 362.4 429.5 428.6 430.5 378.1 423.2 420.4 417.2 423.2 438.6 435.9 443.3 391 416.7 415 416.8 372.3 419.3 423.4 123.5 111.8 106.6 118.2 116.9 73.7 33.6 30.7 28.5 19.6 19.3 19.4 18.8 22.6 18.5 17.6 15.2 7.6 7.6 7.3 7.5
Total Non-Current Liabilities 5,129.2 5,311.5 5,117 3,466.1 3,462.9 3,427.6 3,389.7 3,424 3,425.7 3,418.1 3,011.5 3,460.2 3,462.4 3,461.2 3,409.8 3,403.2 3,390.6 3,344.8 3,378.1 3,412.5 3,412 3,404.3 3,391.8 3,455.3 3,453.1 3,441 3,385.7 3,423.6 3,393.3 3,203.7 3,203.3 3,211.8 3,192.4 3,182.2 3,208.7 3,236.4 3,242.7 3,391.8 3,379.7 3,082.3 3,091.2 885.3 889.2 883.0 901.6 879.8 713.2 845.5 834.4 844.7 904.9 897.1 889.9 1,032.9 1,023.4 1,007.8 1,036.8 1,036.1 1,293.2 1,339.8 1,404.5 1,406.5
Total Liabilities 6,190.1 6,326.6 6,224.5 4,409.1 4,470.6 4,429.2 4,490.2 4,855.5 4,826 4,683.8 4,290.4 4,257.9 4,291.3 4,336.7 4,373.2 4,376.1 4,358.5 4,229.6 5,022.5 4,229.3 4,217.8 4,186.9 4,167.2 4,138.9 4,197.7 4,164.8 4,156.4 4,153.2 4,134 3,897.3 3,969.8 3,927.6 3,866 4,014.9 4,033 3,996.6 4,018.7 4,017.2 4,017.2 3,633.8 3,636.5 1,282.4 1,258.6 1,254.0 1,252.7 1,216.2 1,263.6 1,153.6 1,145.5 1,187.6 1,191.6 1,197.8 1,186.7 1,240.8 1,255.9 1,190.8 1,231.2 1,254.7 1,541.5 1,572.2 1,607.4 1,634
Stockholders' Equity
Common Stock 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1 1 1 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.1 1.1 1.1 1.1 1.0 1.0 1.0 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.1 0.9
Retained Earnings 3,906.4 3,931 4,087.3 3,973.5 3,852.8 3,776.7 3,669.1 3,544.4 3,459.6 3,447.2 3,370.5 3,339 3,259.3 3,186.8 3,443.5 3,437 3,261.9 3,102.1 3,162.8 3,008.5 2,906.3 2,835.5 2,806.7 2,742.9 2,771.1 2,704.8 2,643.7 2,539.2 2,427.8 2,315.8 2,185.5 2,054 1,949.6 1,867.4 1,658.2 1,578.8 1,504.5 1,447.1 1,396.9 1,337.2 1,286.5 572.7 550.1 546.4 445.9 352.4 321.6 273.8 276.1 298.9 346.9 336.2 329.1 316.7 262.5 233.3 202.1 174.5 111.1 71.1 37.8 31.2
Accumulated Other Comprehensive Income (41) (41.6) (40.4) (41.4) (42.3) (43.4) (67) (69) (70) (70.9) (96.7) (98.7) (100.3) (102.4) (73.8) (74.4) (75.2) (75.2) (136.8) (139.7) (142.1) (144.5) (150.9) (153.4) (157) (159.5) (128.8) (132.2) (135.5) (138.8) (145.1) (149) (153) (156.9) (131) (134) (136.7) (139.6) (114.2) (116.9) (122.4) (44.2) (36.4) (36.0) (37.6) (38.0) (9.1) 21.3 23.7 24.5 8.3 (0.4) (0.8) (1.6) (3.4) (0.3) (0.9) (955.0) (929.5) (902.0) (870.8) 0
Total Stockholders' Equity 4,587.8 4,598 4,755.5 4,632.1 4,499.2 4,404 4,263.6 4,126.6 4,031 3,997.3 3,887.2 3,848.6 3,757.7 3,667.1 3,971.2 3,964.5 3,779.3 3,607.2 3,608.3 3,444.3 3,331.2 3,246.3 3,205.4 3,133.1 3,149.9 3,071 3,034.7 2,921.2 2,794.6 2,672.4 2,530.2 2,388 2,273.8 2,182.6 1,994.2 1,906.6 1,824.7 1,759.8 1,729.6 1,662.3 1,590.8 921.2 905.7 898.8 793.7 695.9 757.7 781.6 780.8 797.5 812.1 802.8 795.9 786.1 747.1 744.0 715.6 687.4 623.2 582.5 549.4 519.2
Total Liabilities & Equity 10,777.9 10,924.6 10,980 9,041.2 8,969.8 8,833.2 8,753.8 8,982.1 8,857 8,681.1 8,177.6 8,106.5 8,049 8,003.8 8,344.4 8,340.6 8,137.8 7,836.8 8,630.8 7,673.6 7,549 7,433.2 7,372.6 7,272 7,347.6 7,235.8 7,191.1 7,074.4 6,928.6 6,569.7 6,500 6,315.6 6,139.8 6,197.5 6,027.2 5,903.2 5,843.4 5,777 5,747.2 5,296.1 5,227.3 2,203.5 2,164.3 2,152.8 2,046.4 1,912.2 2,021.4 1,935.2 1,926.2 1,985.1 2,003.7 2,000.6 1,982.6 2,026.9 2,002.9 1,934.8 1,946.8 1,942.1 2,164.7 2,154.8 2,156.9 2,153.2
Debt Metrics
Total Debt 4,366.9 4,364.9 4,356.9 2,810.8 2,802.5 2,771.5 2,754.1 3,160.3 3,162.7 3,173.2 2,776.6 2,783.3 2,784.1 2,793.1 2,780.1 2,766.3 2,758.3 2,732.3 3,422.7 2,736.1 2,735 2,737.9 2,735.3 2,733.4 2,736.1 2,734.5 2,741.9 2,747 2,725.9 2,502.7 2,502.2 2,501.8 2,501.2 2,650.7 2,633.4 2,634.8 2,636.2 2,667.4 2,673.5 2,316.8 2,318.3 680.7 680.8 680.9 681 681.1 677.2 694.7 694.6 698.0 738.2 738.2 742.2 768.2 816.2 816.3 858.3 869.4 1,206.4 1,275.2 1,316.3 1,330
Net Debt 3,969.8 3,835.9 3,722.9 2,022.9 2,050.8 2,086.5 2,077.5 2,546.7 2,470.3 2,525.2 2,203.4 2,306.2 2,416.4 2,473.1 2,131.4 2,099 2,129.7 2,113.6 1,719.8 1,763.9 1,751.6 1,763.3 1,786.2 1,880.1 1,972.1 2,055 2,003.6 2,177.6 2,283.5 2,141.2 2,208.4 2,302.2 2,398.8 2,433.8 2,262.9 2,313.8 2,382.2 2,428.1 2,393.7 2,103.2 2,156 499.2 483.2 420.2 488.1 541.0 483.0 603.5 607.0 525.9 606.8 598.2 610.9 638.5 750.9 800.6 812.0 861.5 1,169.7 1,270.8 1,292.0 1,319.7
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
Operating Activities
Net Income 169.8 101.8 227 241.5 203.8 219.6 238.1 199 145.9 187.8 181.8 200.8 190.1 211.6 262.5 301.5 254.2 216.5 250.8 207.3 166.5 123.6 139.1 56.6 141.7 136.2 179.8 193.6 186.8 204.6 206.7 186.6 140.1 268.9 139.1 143.2 117.4 110.7 119.3 115.9 103.7 10.6 27.8 12.6 13.6 (6.8) 0.2 (32.3) 10.7 7.1 12.4 14.6 11.6 9.6 18.4 29.2 31.3 74.4 40.0 33.3 25.2 19.6
Depreciation & Amortization 225.2 221.6 152.6 140.6 138 0 132.7 128.5 128.4 130.8 129.4 127.9 0 118.8 114 114.3 109.7 417.5 57.4 106.3 100.8 409.9 35.3 163.6 100.3 387.5 61 101.8 94.8 106.2 89.7 109.2 108.1 112.6 80.8 97.5 92.5 104 45.8 89.9 88.7 40.2 40.4 38.6 39.6 38.9 40.3 40.0 39.6 39.0 39.1 37.9 38.4 38.0 37.5 36.8 36.6 36.7 37.2 36.9 37.5 33.9
Stock-Based Compensation 0 8.6 8.5 10.3 17.8 9.2 10.4 9.8 19.4 7.5 7.7 9.5 15.3 6.9 7.1 9.3 12.3 8.6 6.8 8.5 11.6 6.2 6 7.7 10.1 5.9 5.9 11.7 6.9 6.1 6.7 5.6 5.1 5.2 5.2 5.6 4.6 4.7 4.7 4.7 5.6 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 (102.5) 87.1 (36.7) (70.7) (34.6) (63.6) 121.3 (63.1) (58.2) (17) 66.3 15.2 (71.3) 40.7 75 (119.1) (81.7) (18.7) (64.2) (97.3) (107.2) 19.3 110.6 (16.1) (36) 35.1 78.6 (19.4) (85) 23.9 (13.4) 8.5 (71.9) (22.8) (38.4) (20.7) (64.2) 11.7 40.6 (27.6) (25.5) 31.4 22.9 (40.1) (20.7) (32.5) 50.7 10.8 (22.2) (20.0) 0.6 26.6 (21.3) (15.6) (4.5) 33.8 (17.8) 10.4 36.1 (23.0) (29.0) (28.9)
Other Non-Cash Items 19.4 39.6 14.2 (16.1) 5.3 146.4 (163.3) 18.4 15.5 11.8 (43.4) 14.6 143.6 3.4 (46.5) 7.1 7.9 (250.9) 5.4 1.1 7.9 (301.5) 5.3 9.3 7.1 (257.5) 3.1 6.6 13.7 1 6.5 6.9 5.2 (5) 13.3 4.2 1.6 (7.6) 1.5 4 10.4 (3.4) (10.7) 6.3 0.8 3.0 5.7 81.2 3.0 1.5 3.1 3.6 2.4 2.9 9.5 3.2 1.0 (61.3) 1.9 0.3 (0.9) 38.8
Operating Cash Flow 329.3 446.6 472.2 299.6 339.1 325.4 327.1 278.3 260.4 335.3 339.5 359.9 280.4 420.1 430.6 319 325.3 390.7 283.6 228.2 191.6 271.1 298.2 226.8 236.7 329.2 339.8 302.4 236 345.6 301 331 202.5 272.8 197.7 221.5 164.1 213 217.1 180.1 191 74.9 75.2 18.6 41.5 (1.3) 95.9 72.9 37.3 38.7 67.7 89.5 39.7 43.2 76.4 111.2 57.4 100.5 128.1 65.0 45.4 85.3
Investing Activities
Capital Expenditure (164.7) (319) (192.1) (169.7) (148.1) (201.3) (146.7) (245.3) (78.1) (141.2) (90.1) (127) (112.4) (247.1) (179.6) (184.3) (213.2) (238.9) (149.7) (131.4) (85.1) (167.7) (102.3) (80.7) (70.5) (135.7) (92.9) (92.1) (78.8) (147.1) (130.4) (165.9) (108) (116.8) (86.8) (81.6) (57.8) (86.2) (66.3) (68.9) (52.9) (30.1) (32.0) (36.9) (26.2) (29.2) (35.1) (26.8) (28.6) (22.8) (35.0) (19.7) (26.5) (26.2) (35.2) (37.6) (38.3) (45.5) (31.2) (37.4) (19.6) (38.1)
Acquisitions (14.2) 29.1 (1,835.0) 32.3 (1.6) 0 0 0.5 0 0 0 0.1 0 831.6 1.4 0.2 0.2 (194.9) 0.2 1.7 0 (107) 0 4.2 0 0 0 0 0 (56.3) 0 0 0 (273.8) 0 0 0 (99.8) (385.6) 0 0 0 0 0 (0.4) (37.9) (1.0) 0.8 0 0 0 0 0 0 (4.8) (0.0) 0 0 0 0 0 0
Purchases of Investments (107.4) (14.2) (27.3) (40.4) (31.6) (22.4) (29.3) (29.8) (32.8) (431.1) (20.4) (26.1) (29.6) (28.1) (33.8) (27.8) (36.4) (27.1) (34.6) (34.3) (31.4) (109.5) (51) 0 (3.9) (146.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.0 (1.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 27.3 47.9 23.2 35.3 36.4 19.9 425.3 31.8 29.8 28.2 20.5 26.2 27.9 23.4 31.4 33.3 30.6 26.2 39.5 31.6 29.6 107 27.2 23.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (29.3) 30.8 (0.3) 0.7 0.5 (1.7) 0.2 (1.3) 0 0.8 (0.5) (1.3) (831.6) (3.2) 1.7 (2.2) 5.3 0 (0.3) (0.6) 107 (1) 1.5 (2.6) 3.5 (2.6) (0.6) (1.3) (0.1) (1.4) (0.4) 0.8 9.1 0.1 (1.5) 0 (0.9) (3.1) (3.3) (2.6) (0.3) (32.9) (2.5) 1.6 (0.1) 1.9 0.7 (4.9) (1.1) (0.8) (2.5) (0.2) 1.3 7.4 0.0 (5.2) 251.9 3.6 (2.7) (0.1) 263.5
Investing Cash Flow (260.9) (285.5) (2,000.4) (142.8) (144.2) (203.3) 249.3 (242.8) (81) (544) (88.9) (126.8) (115.4) (251.8) (183.8) (176.9) (221.2) (429.4) (144.8) (132.7) (87.5) (170.2) (127.1) (51.8) (77) (278.3) (95.5) (92.7) (80.1) (202.9) (131.8) (166.3) (107.2) (381.5) (86.7) (83.1) (57.8) (186.9) (455) (72.2) (55.5) (30.3) (64.9) (39.5) (25.0) (67.1) (34.2) (26.4) (33.5) (23.9) (35.9) (22.2) (26.7) (24.9) (32.6) (37.6) (43.5) 206.4 (27.6) (40.2) (19.7) 225.4
Financing Activities
Net Debt Issuance (0.6) (0.4) 1,493.5 (0.5) (0.5) (0.5) (400.4) (0.5) (0.5) 396.6 (0.5) (0.4) (0.5) (0.4) (0.4) (0.5) (0.4) (762.6) 687.4 (0.4) (0.4) (0.4) (0.3) (0.4) (0.4) (34.8) (0.4) (0.4) (0.3) (0.3) (0.3) (0.4) (150.3) 21.5 (1.9) (2) (31.7) (6.7) 358.1 (1.9) (1.9) (0.0) (0.1) (0.1) (0.0) (3.9) (4.5) (92.0) 0 (4.0) (26) (9.1) 0 (18.0) (21) (0.1) (42) (333.0) (68.8) (44.6) (13.8) 0
Stock Repurchased (58.8) (153) (0.3) (7.7) (15.4) (0.9) (0.7) (1.6) (22.5) 15.6 (41.6) (10.9) (4.7) (380.7) (147.8) (9.3) (0.2) (194) (1.4) (10.4) (0.1) 0 (0.1) (10.4) 0 (0.1) (0.4) (7.7) 0 7.9 (0.2) (7.6) (0.1) (0.1) (0.2) (10) (0.5) (1) (0.1) (8) (102.4) 0 0 0 0 0 0 0 (13.9) (3.6) (5.1) (18.7) (2.4) (6.8) (8.2) (26.6) 0 0 (0.3) 0 (124.4) 236.5
Dividends Paid (111.9) (112.5) (112.4) (112.4) (112.3) (112.3) (112.3) (112.2) (112) (112) (112.4) (112.4) (112.1) (115.9) (117.2) (93.6) (93.6) (95) (95) (95) (94.8) (75) (74.9) (74.9) (74.8) (74.8) (74.6) (74.6) (74.7) (74.7) (74.5) (59.5) (59.4) (59.4) (59.4) (59.4) (59.4) (59.4) (51.8) (51.8) (53.1) (26.9) (26.9) (16.0) (15.9) (15.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (29) (0.2) (6.5) 0 0 0 0 0 0 (1.1) 0 0 0 0 (5.8) 0 0 6.1 0.9 (0.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 (6.9) 0 0 0 0.5 (2.3) 0 0 0.0 (0.0) 0 0 0 20.1 0 0 0 0 0 0 0 0 0 0 (3.6) 0 0 0 (331.6)
Financing Cash Flow (200.3) (266.1) 1,374.3 (120.6) (128.2) (113.7) (513.4) (114.3) (135) 283.5 (154.5) (123.7) (117.3) (497) (265.4) (103.4) (94.2) (1,045.5) 591.9 (106.7) (95.3) (75.4) (75.3) (85.7) (75.2) (109.7) (75.4) (82.7) (75) (75) (75) (67.5) (209.8) (44.9) (61.5) (71.4) (91.6) (66.6) 304.1 (56.6) (157.4) (25.5) (25.1) (12.3) (12.9) (16.0) (6.4) (61.3) (12.4) (6.1) (30.2) (27.0) (1.0) (23.4) (26.6) (24.0) (44.5) (335.7) (68.2) (44.8) (11.7) (331.6)
Cash Position
Net Change in Cash (131.9) (105) (153.9) 36.2 66.7 8.4 63 (78.8) 44.4 74.8 96.1 109.4 47.7 (328.7) (18.6) 38.7 9.9 (1,084.2) 730.7 (11.2) 8.8 25.5 95.8 89.3 84.5 (58.8) 168.9 127 80.9 67.7 94.2 97.2 (114.5) (153.6) 49.5 67 14.7 (40.5) 66.2 51.3 (21.9) 19.0 (14.7) (33.1) 3.6 (84.4) 55.4 (14.8) (8.6) 8.7 1.6 40.3 12.0 (5.0) 17.2 49.6 (30.6) (28.8) 32.3 (19.9) 14.0 (20.9)
Cash at Beginning 529 634 787.9 751.7 685 676.6 613.6 692.4 648 573.2 477.1 367.7 320 648.7 667.3 628.6 618.7 1,702.9 972.2 983.4 974.6 949.1 853.3 764 679.5 738.3 569.4 442.4 361.5 293.8 199.6 102.4 216.9 370.5 321 254 239.3 279.8 213.6 162.3 184.2 165.5 180.2 213.3 87.6 172.0 116.7 131.5 140.0 131.3 129.7 89.4 77.4 82.5 65.3 15.7 46.3 36.7 4.4 24.3 10.3 31.2
Cash at End 397.1 529 634 787.9 751.7 685 676.6 613.6 692.4 648 573.2 477.1 367.7 320 648.7 667.3 628.6 618.7 1,702.9 972.2 983.4 974.6 949.1 853.3 764 679.5 738.3 569.4 442.4 361.5 293.8 199.6 102.4 216.9 370.5 321 254 239.3 279.8 213.6 162.3 184.4 165.5 180.2 91.2 87.6 172.0 116.7 131.5 140.0 131.3 129.7 89.4 77.4 82.5 65.3 15.7 7.9 36.7 4.4 24.3 10.3
Free Cash Flow 164.6 127.6 280.1 129.9 191 124.1 180.4 33 182.3 194.1 249.4 232.9 168 173 251 134.7 112.1 151.8 133.9 96.8 106.5 103.4 195.9 146.1 166.2 193.5 246.9 210.3 157.2 198.5 170.6 165.1 94.5 156 110.9 139.9 106.3 126.8 150.8 111.2 138.1 44.8 43.2 (18.3) 15.3 (30.5) 60.8 46.1 8.8 15.9 32.6 69.8 13.2 17.0 41.2 73.6 19.1 55.0 96.9 27.6 25.8 47.2
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 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 2,367.8 2,363.6 2,313.4 2,171.3 2,141 2,146.1 2,182.4 2,075.3 1,979.5 1,937.9 1,936 1,952.1 1,976.3 1,978.4 2,125.9 2,237.3 2,136.4 2,043.2 2,000.1 1,879.9 1,807.2 1,714.2 1,693.7 1,541.6 1,708.7 1,720 1,750.7 1,759.9 1,733.7 1,746.5 1,809.9 1,767.5 1,690.6 1,684.3 1,640.1 1,584 1,536.5 1,476.6 1,484 1,417.4 1,401 1,390.9 1,470.8 1,454.3 1,425.7 1,433.9 1,518.9 1,468.4 1,431.3 1,264.4 845.4 800.2 755.2 736.6 723.5 712.5 671.4 654.3 670.8 665.5 629.5 626.7 642.8 615.5 550.7 532.3 553.6 549.4 512.4 546.1 620.8 616.2 577.5 580.2 591.0 585.6 559.2 553.1 575.0 551.1 507.9 472.7 512.2 519.3 489.4 492.6 498.8 467.4 431.3 431.2 436.5 418.2 447.4 413.1 467.0 454.7 524.9 487.7 492.4 456.1
Gross Profit 452.9 447.5 504.3 483 454.7 469.7 505.2 437.7 370.4 410.1 412.7 444.7 431.4 433.7 518.4 588.8 533.2 509.9 510.7 448.8 403.7 333.3 345.4 331.9 365.8 383.3 411.4 427.9 421.4 425.4 443.2 420.6 356.1 371.7 397 364.3 338.2 327.1 329.5 320.1 299 285.1 328.3 317.7 277 297.0 320.3 310.8 301.4 258.8 227.6 195.2 185.2 173.9 162.6 158.1 145.0 134.2 137.7 136.9 133.1 147.3 166.5 131.7 86.8 87.5 110.5 118.5 110.0 114.2 132.1 127.2 118.2 132.3 139.6 140.1 113.0 123.5 134.5 111.9 76.6 57.1 80.5 95.9 73.3 84.9 98.0 70.7 40.6 67.5 78.9 81.8 83.7 89.7 112.2 107.2 165.6 137.2 128.7 143.5
Operating Income 272.6 282.2 324.5 333.7 280.3 302.2 327.1 276 196 261.5 258.6 284.4 270.7 288 370.3 430.8 370 366.9 363.1 300.5 255.6 201.8 217.9 195.7 216.3 235.1 262.8 280.4 275.4 286.7 298.5 269.6 212.9 252 242.6 234.1 203.4 192.9 206.4 200.2 180.8 175.9 219.4 197.6 157.1 173.2 188.4 180.2 160.9 121.1 142.8 110.2 106 98.4 92.1 83.9 169.1 67.8 71.2 67.9 65.9 96.4 (12.3) 67.7 33.6 70.8 96.3 135.7 49.6 51.8 68.7 64.2 57.1 75.0 81.5 80.2 56.7 68.8 76.6 57.6 25.5 13.9 26.3 54.3 26.4 60.7 50.4 27.8 (1.9) 33.7 33.3 38.2 36.6 310.0 69.6 66.0 86.9 96.6 88.5 69.9
Net Income 170.9 101.1 226.9 241.5 203.8 221.1 238.1 198.9 146.9 189.2 183.2 202.7 190.1 211.6 262.5 301.5 254.2 216.5 250.7 207.3 166.5 123.6 139.1 56.7 141.7 136.2 179.8 193.6 186.8 204.6 206.7 186.6 140.1 268.9 139.1 143.2 117.4 110.7 119.3 115.9 103.7 104.2 127.8 114 90.8 98.5 104.4 99.6 90.1 227.0 84.7 66.3 62.3 61.0 39.8 45.2 17.8 39.5 41.8 39.4 37.4 54.9 93.3 38.0 19.2 58.7 72.7 108.9 25.7 30.2 38.1 35.2 32.1 44.0 48.7 46.2 31.2 40.1 43.6 32.1 10.9 1.7 10.6 27.8 12.6 36.3 24.6 12.3 (6.6) 0.2 10.7 12.4 11.6 18.4 31.3 27.6 63.4 40.0 33.3 25.2
EPS (Diluted) 1.91 1.13 2.51 2.67 2.26 2.45 2.64 2.20 1.63 2.10 2.03 2.24 2.11 2.33 2.80 3.20 2.70 2.28 2.63 2.17 1.75 1.30 1.46 0.59 1.49 1.43 1.89 2.04 1.97 2.16 2.18 1.97 1.48 2.84 1.47 1.52 1.24 1.17 1.26 1.23 1.09 1.07 1.31 1.16 0.92 1.00 1.06 1.01 0.92 2.33 0.86 0.66 0.62 0.63 0.41 0.46 0.18 0.41 0.42 0.39 0.37 0.55 0.91 0.37 0.19 0.58 0.71 1.07 0.25 0.30 0.37 0.34 0.31 0.42 0.46 0.44 0.30 0.38 0.42 0.31 0.10 0.02 0.10 0.26 0.12 0.34 0.23 0.11 -0.06 0.00 0.10 0.12 0.11 0.17 0.29 0.25 0.60 0.37 0.31 0.24
Balance Sheet
Cash & Equivalents 397.1 529 634 787.9 751.7 685 676.6 613.6 692.4 648 573.2 477.1 367.7 320 648.7 667.3 628.6 618.7 1,702.9 972.2 983.4 974.6 949.1 853.3 764 679.5 738.3 569.4 442.4 361.5 293.8 199.6 102.4 216.9 370.5 321 254 239.3 279.8 213.6 162.3 181.5 197.6 260.7 192.9 140.0 194.1 91.2 87.6 172.0 131.5 140.0 131.3 129.7 65.3 15.7 46.3 7.9 36.7 4.4 24.3 10.3
Total Assets 10,777.9 10,924.6 10,980 9,041.2 8,969.8 8,833.2 8,753.8 8,982.1 8,857 8,681.1 8,177.6 8,106.5 8,049 8,003.8 8,344.4 8,340.6 8,137.8 7,836.8 8,630.8 7,673.6 7,549 7,433.2 7,372.6 7,272 7,347.6 7,235.8 7,191.1 7,074.4 6,928.6 6,569.7 6,500 6,315.6 6,139.8 6,197.5 6,027.2 5,903.2 5,843.4 5,777 5,747.2 5,296.1 5,227.3 2,203.5 2,164.3 2,152.8 2,046.4 1,912.2 2,021.4 1,935.2 1,926.2 1,985.1 2,003.7 2,000.6 1,982.6 2,026.9 2,002.9 1,934.8 1,946.8 1,942.1 2,164.7 2,154.8 2,156.9 2,153.2
Total Debt 4,366.9 4,364.9 4,356.9 2,810.8 2,802.5 2,771.5 2,754.1 3,160.3 3,162.7 3,173.2 2,776.6 2,783.3 2,784.1 2,793.1 2,780.1 2,766.3 2,758.3 2,732.3 3,422.7 2,736.1 2,735 2,737.9 2,735.3 2,733.4 2,736.1 2,734.5 2,741.9 2,747 2,725.9 2,502.7 2,502.2 2,501.8 2,501.2 2,650.7 2,633.4 2,634.8 2,636.2 2,667.4 2,673.5 2,316.8 2,318.3 680.7 680.8 680.9 681 681.1 677.2 694.7 694.6 698.0 738.2 738.2 742.2 768.2 816.2 816.3 858.3 869.4 1,206.4 1,275.2 1,316.3 1,330
Stockholders' Equity 4,587.8 4,598 4,755.5 4,632.1 4,499.2 4,404 4,263.6 4,126.6 4,031 3,997.3 3,887.2 3,848.6 3,757.7 3,667.1 3,971.2 3,964.5 3,779.3 3,607.2 3,608.3 3,444.3 3,331.2 3,246.3 3,205.4 3,133.1 3,149.9 3,071 3,034.7 2,921.2 2,794.6 2,672.4 2,530.2 2,388 2,273.8 2,182.6 1,994.2 1,906.6 1,824.7 1,759.8 1,729.6 1,662.3 1,590.8 921.2 905.7 898.8 793.7 695.9 757.7 781.6 780.8 797.5 812.1 802.8 795.9 786.1 747.1 744.0 715.6 687.4 623.2 582.5 549.4 519.2
Cash Flow
Operating Cash Flow 329.3 446.6 472.2 299.6 339.1 325.4 327.1 278.3 260.4 335.3 339.5 359.9 280.4 420.1 430.6 319 325.3 390.7 283.6 228.2 191.6 271.1 298.2 226.8 236.7 329.2 339.8 302.4 236 345.6 301 331 202.5 272.8 197.7 221.5 164.1 213 217.1 180.1 191 74.9 75.2 18.6 41.5 (1.3) 95.9 72.9 37.3 38.7 67.7 89.5 39.7 43.2 76.4 111.2 57.4 100.5 128.1 65.0 45.4 85.3
Capital Expenditure (164.7) (319) (192.1) (169.7) (148.1) (201.3) (146.7) (245.3) (78.1) (141.2) (90.1) (127) (112.4) (247.1) (179.6) (184.3) (213.2) (238.9) (149.7) (131.4) (85.1) (167.7) (102.3) (80.7) (70.5) (135.7) (92.9) (92.1) (78.8) (147.1) (130.4) (165.9) (108) (116.8) (86.8) (81.6) (57.8) (86.2) (66.3) (68.9) (52.9) (30.1) (32.0) (36.9) (26.2) (29.2) (35.1) (26.8) (28.6) (22.8) (35.0) (19.7) (26.5) (26.2) (35.2) (37.6) (38.3) (45.5) (31.2) (37.4) (19.6) (38.1)
Free Cash Flow 164.6 127.6 280.1 129.9 191 124.1 180.4 33 182.3 194.1 249.4 232.9 168 173 251 134.7 112.1 151.8 133.9 96.8 106.5 103.4 195.9 146.1 166.2 193.5 246.9 210.3 157.2 198.5 170.6 165.1 94.5 156 110.9 139.9 106.3 126.8 150.8 111.2 138.1 44.8 43.2 (18.3) 15.3 (30.5) 60.8 46.1 8.8 15.9 32.6 69.8 13.2 17.0 41.2 73.6 19.1 55.0 96.9 27.6 25.8 47.2