Pinnacle Financial Partners, Inc. logo PNFP - Pinnacle Financial Partners, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 14
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $117.33 DETAILS
HIGH: $135.00
LOW: $109.00
MEDIAN: $115.00
CONSENSUS: $117.33
UPSIDE: 20.77%
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 Q1
Revenue
Revenue 1,798 846.2 544.8 820.2 711.1 745.5 751.2 653.5 706.7 653.9 659.8 612.4 552.2 488.7 413.8 339.0 308.0 308.0 309.6 301.2 297.2 296.5 299.7 291.1 300.2 305.0 313.3 292.6 284.5 284.2 273.4 255.9 246.4 201.9 228.8 144.9 124.7 102.5 120.6 106.8 101.7 82.8 83.3 71.3 70.0 58.3 65.7 63.2 62.0 52.6 59.6 58.9 59.1 51.1 56.9 55.9 55.8 56.2 57.0 57.6 55.5 57.7 59.2 61.5 61.2 30.4 60.2 60.6 62.7 61.3 61.1 57.8 60.5 49.9 43.7 41.1 38.8 38.2 35.8 32.7 18.9 15.6 13.7 12.0 10.4 10.0 8.8 7.4 6.8 6.2 5.2 4.2 3.3 2.7 1.7 1.0 0.4 0.0
Cost of Revenue 581 304.0 31.9 339.5 320.7 350.2 369.6 366.3 366.9 343.9 336.9 291.5 212.6 156.5 93.5 40.7 21.9 23.1 26.7 28.8 36.3 43.2 59.4 119.4 169.4 78.9 88.2 84.1 77.8 75.2 67.4 58.1 44.0 39.6 35.9 23.9 17.0 15.1 16.9 14.0 11.0 11.8 7.4 4.9 3.7 5.3 4.1 3.6 3.9 5.7 4.3 6.7 6.6 7.4 6.9 6.4 7.4 12.6 12.2 16.6 17.3 18.2 19.4 45.7 29.4 32.4 40.0 84.8 34.4 27.1 25.7 23.9 26.4 23.6 20.2 18.7 17.4 16.9 14.8 13.1 7.7 6.5 5.3 4.2 3.4 3.4 2.9 2.1 1.9 1.6 1.7 1.5 1.3 1.4 1.0 0.7 0 0.0
Gross Profit 1,217 542.2 512.9 480.7 390.4 395.3 381.6 287.2 339.8 310.0 322.9 320.9 339.6 332.2 320.3 298.3 286.1 284.9 282.9 272.4 260.9 253.2 240.4 171.7 130.8 226.0 225.1 208.4 206.7 209.0 205.9 197.7 202.4 162.3 192.9 120.9 107.7 87.4 103.7 92.8 90.7 71.0 76.0 66.4 66.2 53.0 61.6 59.6 58.2 46.9 55.3 52.1 52.5 43.6 50.0 49.5 48.4 43.6 44.8 41.0 38.2 39.6 39.9 15.8 31.8 (2.0) 20.2 (24.2) 28.2 34.2 35.4 34.0 34.1 26.4 23.5 22.3 21.3 21.3 21.0 19.6 11.2 9.1 8.4 7.7 7.1 6.5 5.9 5.3 4.9 4.6 3.5 2.6 2.0 1.3 0.7 0.3 0.4 0
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
SG&A Expenses 629 248.5 303 190.0 180.8 203.9 165.8 156.9 152.1 172.0 135.8 138.1 141.7 166.8 134.9 131.4 125.6 137.8 115.7 113.5 105.1 116.7 92.4 76.0 83.7 104.6 88.6 78.9 73.3 94.4 72.4 66.7 66.0 82.2 66.5 45.8 40.2 52.3 37.4 35.8 33.8 41.3 29.0 25.0 24.5 30.4 22.7 22.8 22.7 28.5 21.7 21.6 20.4 27.1 20.3 20.0 20.6 20.6 20.3 19.8 19.2 (4.2) 17.5 17.3 18.5 16.9 16.5 17.9 16.7 15.1 13.4 13.0 14.2 10.6 9.5 9.2 8.5 8.5 7.9 7.6 4.6 3.9 3.6 3.3 3.1 2.6 2.6 2.5 2.3 2.4 1.8 1.6 1.3 1.0 1.1 1.1 1.9 0.0
Other Expenses 399 88.2 0.1 96.4 39.3 7.7 34.6 65.3 36.4 9.2 19.1 (63.1) 26.7 (9.5) 1.6 (14.2) 2.9 (19.3) (2.2) (3.5) 2.2 2.6 10.9 22.0 20.3 2.9 (0.8) 4.8 16.3 (4.1) 15.3 21.2 33.3 (1.9) 26.9 12.1 14 (19.3) 17.6 10.5 15.1 (10.7) 10.8 7.5 9.1 (5.7) 11.7 11.1 11.0 (4.2) 11.6 9.3 12.1 (1.5) 13.3 13.9 15.2 13.8 15.4 14.5 15.5 40.7 20.3 19.1 17.7 (12.9) 10.8 12.7 8.5 7.5 9.9 10.1 11.2 7.2 5.6 5.3 4.6 4.6 5.1 5.5 2.7 2.1 1.9 1.7 1.5 1.7 1.3 1.1 1.0 0.9 0.9 0.7 0.6 0.3 (0.5) (0.9) 0 0.1
Operating Expenses 1,028 336.8 303.1 286.4 220.0 211.5 200.4 222.2 188.5 181.2 155.0 75.0 168.3 157.3 136.5 117.2 128.5 118.5 113.5 109.9 107.3 119.3 103.3 98.0 104.1 107.5 87.8 83.7 89.6 90.3 87.8 87.9 99.2 80.3 93.4 57.9 54.2 33.1 55.1 46.3 48.9 30.6 39.8 32.5 33.6 24.8 34.4 33.9 33.6 24.3 33.3 30.9 32.4 25.6 33.6 33.9 35.8 34.4 35.7 34.4 34.7 36.5 37.8 36.5 36.2 4.0 27.3 30.6 25.2 22.6 23.3 23.1 25.5 17.8 15.1 14.5 13.1 13.1 13.1 13.1 7.3 6.0 5.5 5.0 4.6 4.3 3.9 3.6 3.3 3.3 2.7 2.2 1.9 1.3 0.7 0.3 1.9 0.1
Operating Income
Operating Income 189 205.4 209.7 194.3 170.4 183.8 181.1 65.0 151.3 128.9 168.0 245.9 171.3 174.9 183.8 181.1 157.6 166.4 169.4 162.5 153.6 133.9 137.0 73.7 26.7 118.5 137.2 124.7 117.1 118.8 118.2 109.9 103.1 82.0 99.5 63.1 53.4 54.3 48.7 46.5 41.8 40.4 36.1 33.9 32.6 28.3 27.2 25.7 24.5 22.6 22.0 21.3 20.0 18.0 16.4 15.5 12.6 9.2 9.1 6.7 3.5 3.1 2.1 (20.7) (4.3) (5.9) (7.1) (54.8) 3.0 11.6 12.1 10.9 8.6 8.6 8.4 7.8 8.2 8.1 7.9 6.5 3.8 3.1 2.9 2.8 2.5 2.3 2.0 1.7 1.6 1.3 0.8 0.4 0.2 0 0 0 (1.4) (0.1)
Interest Expense 581 304.0 324.4 315.2 303.7 320.6 343.4 336.1 332.4 327.5 310.1 259.8 193.8 131.7 66.0 27.8 19.1 20.4 23.3 26.0 29.0 36.1 42.6 51.1 69.5 74.3 79.9 76.9 70.6 65.9 58.7 48.7 37.1 33.4 29.0 17.1 13.4 12.1 10.7 8.7 7.1 6.3 5.1 3.7 3.4 3.2 3.2 3.3 3.4 3.4 3.6 3.9 4.4 5.0 5.5 5.8 6.3 7.2 8.5 10.0 11.2 13.0 14.6 15.2 16.1 16.7 17.9 19.5 20.8 23.4 22.6 21.1 24.8 21.3 19.4 17.8 16.7 15.8 14.2 11.4 7.3 5.8 4.9 3.7 2.8 2.3 1.9 1.7 1.5 1.4 1.4 1.3 1.1 0.8 0.6 0.4 0.1 0.0
Interest Income 1,514 711.5 721.2 694.8 668.2 684.4 694.9 668.4 650.5 644.8 627.3 575.2 506.0 451.2 371.8 292.4 258.6 259.2 260.9 259.2 251.9 257.0 249.2 251.7 263.1 268.5 275.7 265.9 257.9 256.1 248.1 231.0 211.5 208.1 202.2 123.7 102.1 101.5 97.4 83.8 81.0 77.8 67.2 55.5 54.7 53.5 52.8 50.6 49.3 48.4 48.2 47.5 47.2 47.2 46.4 46.0 45.8 46.4 46.9 47.8 47.2 49.1 50.7 50.9 52.7 53.7 52.4 50.0 49.5 53.3 51.9 48.8 52.2 43.3 38.3 35.5 33.7 33.2 31.3 28.3 16.8 14.1 12.4 10.5 9.3 8.6 7.2 6.2 5.7 5.2 4.4 3.7 2.9 2.2 1.3 0.8 0 0
Profitability
EBITDA 237 206.8 211.1 222.2 197.7 209.7 206.2 89.5 174.4 148.1 187.1 265.8 191.7 192.5 199.2 196.1 172.0 180.0 182.0 175.5 167.7 147.0 148.1 84.5 36.9 122.5 139.3 126.5 117.5 116.1 110.3 103.0 97.0 73.2 86.6 61.6 53.0 69.4 49.4 48.2 41.4 45.7 36.8 36.1 34.8 30.6 29.6 28.0 26.8 24.9 24.2 23.5 22.5 20.7 19.0 17.8 15.3 11.9 11.7 9.5 6.3 5.8 4.9 (17.6) (1.5) (3.0) (4.5) (52.2) 5.6 13.6 14.0 13.0 9.9 10.5 9.5 7.2 10.2 5.9 7.3 8.0 4.8 2.8 3.8 3.5 3.1 2.9 2.5 2.3 2.1 1.8 1.3 0.7 0.4 0.2 0.2 0.1 (1.2) (0.1)
EBIT 189 205.4 209.7 194.3 170.4 183.8 181.1 65.0 151.3 128.9 168.0 245.9 171.3 174.9 183.8 181.1 157.6 166.4 169.4 162.5 153.6 133.9 137.0 73.7 26.7 118.5 137.2 124.7 117.1 118.8 118.2 109.9 103.1 82.0 99.5 63.1 53.4 54.3 48.7 46.5 41.8 40.4 36.1 33.9 32.6 28.3 27.2 25.7 24.5 22.6 22.0 21.3 20.0 18.0 16.4 15.5 12.6 9.2 9.1 6.7 3.5 3.1 2.1 (20.7) (4.3) (5.9) (7.1) (54.8) 3.0 11.6 12.1 10.9 8.6 8.6 8.4 7.8 8.2 8.1 7.9 6.5 3.8 3.1 2.9 2.8 2.5 2.3 2.0 1.7 1.6 1.3 0.8 0.4 0.2 0 0 0 0 (0.1)
Income Before Tax 189 205.4 209.7 194.3 170.4 183.8 181.1 65.0 151.3 128.9 168.0 245.9 171.3 174.9 183.8 181.1 157.6 166.4 169.4 162.5 153.6 133.9 137.0 73.7 26.7 118.5 137.2 124.7 117.1 118.8 118.2 109.9 103.1 82.0 99.5 63.1 53.4 54.3 48.7 46.5 41.8 40.4 36.1 33.9 32.6 28.3 27.2 25.7 24.5 22.6 22.0 21.3 20.0 18.0 16.4 15.5 12.6 9.2 9.1 6.7 3.5 3.1 2.1 (20.7) (4.3) (5.9) (7.1) (54.8) 3.0 11.6 12.1 10.9 8.6 8.6 8.4 7.8 8.2 8.1 7.9 6.5 3.8 3.1 2.9 2.8 2.5 2.3 2.0 1.7 1.6 1.3 0.8 0.4 0.2 0 0 0 (1.4) (0.1)
Income Tax Expense 39 35.7 36.4 35.8 30.0 32.5 34.5 11.8 27.3 33.9 35.4 48.6 34.0 37.1 35.2 36.0 28.5 32.9 32.8 30.7 28.2 23.1 26.4 11.2 (1.7) 22.4 26.7 24.4 23.1 23.4 24.4 23 19.6 55.2 35.1 20.0 13.8 18.2 16.3 15.8 13.8 13.6 12.0 11.3 10.8 9.5 9.0 8.5 8.1 7.3 7.3 7.0 6.6 6.3 5.0 5.1 4.2 1.4 (17.0) 0.3 0 (0.7) 0 5.6 (0.5) (3.5) (3.8) (23.0) 0.9 3.6 3.3 2.9 2.6 2.4 2.6 2.4 2.6 2.5 2.6 2.1 1.2 0.9 0.8 0.8 0.7 0.6 0.6 0.5 0.5 0.5 0.3 0.1 0.1 0 0 0 0 0
Net Income 150 169.8 173.4 158.5 140.4 151.3 146.7 53.2 123.9 95.0 132.6 197.3 137.3 137.8 148.7 145.1 129.1 133.5 136.6 131.8 125.4 110.9 110.6 62.4 28.4 96.1 110.5 100.3 94.0 95.3 93.7 86.9 83.5 26.8 64.4 43.1 39.7 36.1 32.4 30.8 28.0 26.9 24.1 22.7 21.8 18.7 18.2 17.2 16.4 15.3 14.6 14.3 13.4 11.7 11.3 10.4 8.4 7.8 26.1 6.4 3.5 3.8 2.1 (26.4) (3.8) (2.5) (3.3) (31.8) 2.1 8.1 8.8 8.0 6.1 6.2 5.8 5.4 5.6 5.6 5.3 4.3 2.6 2.2 2.1 2.0 1.8 1.7 1.4 1.2 1.1 0.9 0.5 0.3 0.1 1.7 (0.9) (1.3) (1.4) (0.1)
Per Share Data
EPS (Basic) 1.75 2.16 2.20 2.01 1.78 1.93 1.87 0.65 1.58 1.20 1.69 2.55 1.76 1.77 1.91 1.87 1.66 1.72 1.76 1.70 1.61 1.42 1.42 0.83 0.37 1.26 1.45 1.31 1.22 1.24 1.22 1.13 1.08 0.35 0.84 0.81 0.83 0.79 0.71 0.75 0.70 0.67 0.64 0.65 0.62 0.54 0.52 0.49 0.47 0.45 0.43 0.42 0.40 0.35 0.33 0.23 0.21 0.17 0.74 0.14 0.06 0.07 0.02 -0.85 -0.16 -0.08 -0.15 -1.33 0.03 0.33 0.38 0.36 0.27 0.34 0.37 0.35 0.36 0.37 0.35 0.28 0.27 0.27 0.25 0.23 0.21 0.21 0.18 0.16 0.15 0.12 0.07 0.04 0.02 0.47 -0.24 -0.33 -0.37 -0.02
EPS (Diluted) 1.74 2.13 2.19 2.00 1.77 1.91 1.86 0.64 1.57 1.19 1.69 2.54 1.76 1.76 1.91 1.86 1.65 1.71 1.75 1.69 1.61 1.42 1.42 0.83 0.37 1.26 1.44 1.31 1.22 1.23 1.21 1.12 1.08 0.35 0.83 0.80 0.82 0.78 0.71 0.73 0.68 0.65 0.62 0.64 0.62 0.53 0.52 0.49 0.47 0.44 0.42 0.42 0.39 0.34 0.33 0.23 0.21 0.17 0.72 0.14 0.06 0.07 0.02 -0.85 -0.16 -0.08 -0.15 -1.33 0.03 0.31 0.36 0.34 0.26 0.33 0.35 0.33 0.34 0.34 0.32 0.26 0.24 0.23 0.22 0.21 0.19 0.18 0.16 0.14 0.13 0.10 0.07 0.04 0.02 0.47 -0.24 -0.33 -0.37 -0.02
Shares Outstanding 76.9 76.9 76.9 76.9 76.7 76.5 76.5 76.5 76.3 76.1 76.0 76.0 75.9 75.8 75.8 75.8 75.7 75.5 75.5 75.5 75.4 75.3 75.2 75.2 75.8 76.0 76.3 76.3 76.8 77.1 77.1 77.1 77.1 76.8 76.7 53.1 48.0 45.4 45.3 41.3 40.1 40.0 37.8 35.1 35.0 34.8 34.8 34.7 34.6 34.4 34.3 34.2 34.0 34.0 33.9 33.9 33.8 33.5 33.4 33.5 33.4 33.1 32.9 32.7 32.6 32.5 32.5 25.0 23.5 23.5 23.2 22.4 22.3 18.0 15.5 15.5 15.4 15.5 15.4 15.3 9.6 8.4 8.4 8.4 8.4 8.4 7.8 7.4 7.4 7.4 7.4 7.4 5.0 4.4 3.8 3.8 3.8 3.8
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
Current Assets
Cash & Cash Equivalents 5,918 3,565.1 3,265.6 2,990.0 3,764.5 3,342.3 2,639.4 2,327.0 2,648.1 2,143.5 3,134.7 3,810.6 2,806.4 1,145.9 1,784.9 1,602.2 3,290.1 4,019.0 3,362.3 2,736.1 2,969.4 3,725.5 2,783.9 2,435.1 779.2 368.7 750.8 485.9 377.6 654.4 539.8 617.5 366.9 652.7 402.9 538.8 190.0 182.3 247.0 468.7 381.8 232.9 85.6 125.0 101.4 130.5 54.7 21.9 17.7 14.9 15.9 12.4 12.9 10.8 6.8 5.6 2.8 0
Short-Term Investments 251 9,253.6 6,411.8 6,378.7 2,516.6 5,582.4 5,391.0 4,909.0 4,378.7 4,317.5 3,863.7 3,591.3 3,825.2 3,558.9 3,542.6 3,809.3 3,569.7 4,914.2 4,634.7 4,331.1 3,677.0 3,586.7 3,463.4 3,310.3 3,030.6 3,540.0 3,393.4 3,256.9 3,250.0 3,083.7 3,004.6 2,960.1 2,960.6 2,515.3 2,880.2 2,427.0 1,579.8 1,298.5 1,223.8 1,109.2 1,017.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 84,255 38,932.2 218.6 219.4 220.6 214.1 226.2 220.2 219.9 217.5 177.4 164.9 144.0 161.2 110.2 116.0 95.1 98.8 89.1 99.7 98.5 104.1 101.8 112.7 82.2 84.5 81.1 84.6 79.6 79.7 73.4 65.2 60.9 57.4 54.3 48.4 29.6 28.2 25.9 23.4 25.2 17.4 18.5 19.1 18.1 17.8 12.1 0 0 0 0 0 0 0 0 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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
Total Current Assets 90,424 51,750.9 9,896.1 9,588.1 6,501.7 9,138.7 8,256.6 7,456.2 7,246.7 6,678.5 7,175.8 7,566.7 6,775.6 4,866.0 5,437.7 5,527.6 6,955.0 9,032.0 8,086.1 7,166.8 6,744.9 7,416.3 6,349.1 5,858.0 3,891.9 3,993.1 4,225.3 3,827.4 3,707.2 3,817.7 3,617.7 3,642.8 3,388.4 3,225.4 3,337.4 3,014.2 1,799.3 1,509.0 1,496.7 1,601.3 1,424.3 250.3 104.1 144.1 119.5 148.3 66.7 21.9 17.7 14.9 15.9 12.4 12.9 10.8 6.8 5.6 2.8 0
Non-Current Assets
Property, Plant & Equipment 907 340.0 337.6 321.1 323.1 311.3 295.3 282.8 265.6 256.9 252.7 244.9 354.7 327.9 320.3 302.4 296.8 288.2 288.8 288.0 289.5 290.0 287.7 281.7 274.9 273.9 275.0 274.7 262.6 265.6 268.4 269.9 269.4 266.0 270.1 258.0 97.0 88.9 84.9 78.8 78.8 82.7 82.8 80.7 69.4 68.9 38.2 7.6 6.9 6.9 5.7 4.4 3.6 3.6 3.4 2.7 2.6 3
Goodwill 3,478 1,848.9 1,848.9 1,848.9 1,849.3 1,849.3 1,847.0 1,847.0 1,847.0 1,847.0 1,847.0 1,847.0 1,847.0 1,847.0 1,846.5 1,846.5 1,851.0 1,819.8 1,819.8 1,819.8 1,819.8 1,819.8 1,819.8 1,819.8 1,819.8 1,819.8 1,830.7 1,807.1 1,807.1 1,807.1 1,807.1 1,807.1 1,808.3 1,808.0 1,802.5 1,800.7 551.5 551.6 550.6 427.6 431.8 244.1 244.1 244.1 244.1 244.1 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,091 29.7 18.1 19.5 20.0 21.4 22.8 24.3 25.9 27.5 29.2 31.0 32.8 34.6 35.7 37.6 32.0 33.8 35.9 38.0 40.1 42.3 44.7 47.1 48.6 51.1 39.3 41.6 43.9 46.2 48.7 51.4 54.0 56.7 59.8 61.0 13.9 15.1 16.2 8.8 9.7 12.2 12.9 13.7 15.2 16.1 12.1 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 19,478 391.9 2,644.8 39,371.0 42,509.1 38,502.2 37,430.9 36,997.7 36,353.0 35,888.1 35,236.7 34,418.3 33,557.8 32,326.5 30,848.8 29,301.7 27,288.7 24,731.3 24,217.2 24,023.0 24,246.0 23,595.4 23,612.8 23,671.5 21,613.4 20,259.5 19,803.1 19,250.2 18,589.7 18,107.6 17,859.1 17,329.7 16,622.0 15,937.5 15,552.4 15,026.6 8,905.4 8,691.9 8,478.3 7,316.8 7,045.7 4,217.1 4,431.9 4,461.6 4,469.1 4,356.9 2,088.6 520.2 485.5 434.8 354.5 319.3 281.0 245.9 114.8 83.3 53.9 0
Other Non-Current Assets 7,388 3,344.6 3,067.2 3,652.9 3,051.6 2,766.5 2,849.4 2,759.0 3,156.1 3,262.0 2,982.4 2,768.2 2,551.7 2,568.1 2,511.2 3,105.5 2,977.0 2,564.2 2,076.1 2,076.7 2,159.4 1,769.0 1,710.9 1,663.9 1,615.5 1,407.9 1,374.4 1,339.3 1,147.4 986.9 956.4 887.6 792.9 912.0 768.2 725.5 357.4 338.1 351.6 302.3 271.1 152.1 145.8 184.7 119.4 117.9 50.4 36.6 31.0 41.7 27.1 12.3 7.7 18.4 5.2 9.6 6.8 (3)
Total Non-Current Assets 32,342 5,955.1 7,916.6 45,213.4 47,753.1 43,450.7 42,445.3 41,910.8 41,647.5 41,281.4 40,348.0 39,309.3 38,344.0 37,104.0 35,562.5 34,593.7 32,445.4 29,437.4 28,437.8 28,245.5 28,554.8 27,516.6 27,475.9 27,484.1 25,372.2 23,812.4 23,322.5 22,712.9 21,850.7 21,213.3 20,939.8 20,345.6 19,546.7 18,980.3 18,453.0 17,871.9 9,925.3 9,685.6 9,481.7 8,134.4 7,837.1 4,708.2 4,917.6 4,984.7 4,917.2 4,803.9 2,301.3 564.4 523.4 483.5 387.3 336.0 292.3 268.0 123.4 95.6 63.3 0
Total Assets 122,766 57,706.1 55,963.5 54,801.5 54,254.8 52,589.4 50,701.9 49,367.0 48,894.2 47,959.9 47,523.8 46,876.0 45,119.6 41,970.0 41,000.1 40,121.3 39,400.4 38,469.4 36,523.9 35,412.3 35,299.7 34,932.9 33,824.9 33,342.1 29,264.2 27,805.5 27,547.8 26,540.4 25,557.9 25,031.0 24,557.5 23,988.4 22,935.2 22,205.7 21,790.4 20,886.2 11,724.6 11,194.6 10,978.4 9,735.7 9,261.4 4,958.5 5,021.7 5,128.8 5,036.7 4,952.2 2,368.1 586.3 541.1 498.4 403.2 348.4 305.3 278.8 130.2 101.2 66.1 39
Current Liabilities
Account Payables 0 379.6 48.5 49.2 51.3 55.6 59.3 58.9 58.1 67.0 67.4 53.9 31.7 19.5 10.2 13.6 8.6 12.5 11.8 15.8 15.4 24.9 26.1 34.9 33.9 42.2 36.8 30.4 26.1 23.6 20.9 15.6 13.6 10.5 10.7 7.6 5.7 5.6 3.0 4.1 2.5 5.9 6.3 6.6 9.0 9.3 6.0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 308 316.4 325.6 426.3 264.0 230.2 210.0 220.9 201.4 209.5 196.0 163.8 149.8 194.9 190.6 199.6 219.5 152.6 148.2 177.7 172.1 128.2 127.1 194.6 186.5 126.4 95.4 154.2 100.7 104.7 130.2 128.7 131.9 135.3 129.6 205.0 121.2 85.7 84.3 73.3 62.8 159.5 200.5 275.5 215.1 210.0 165.3 36.8 55.2 44.0 17.8 48.3 15.1 32.2 11.1 10.6 3.9 0
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
Other Current Liabilities 100,103 47,761.2 (325.6) 44,950.1 44,479.5 42,843.0 40,954.9 39,770.4 39,402.0 38,539.8 38,295.8 37,722.7 36,178.6 34,961.2 33,690.0 32,595.3 32,295.8 31,304.5 29,369.8 28,217.6 28,292.9 27,705.6 26,544.0 25,521.8 21,333.2 20,181.0 20,000.7 19,449.4 18,480.5 18,849.1 18,407.5 17,857.4 16,502.9 16,451.7 15,789.6 15,757.5 9,280.6 8,759.3 8,670.1 7,292.8 7,080.2 3,853.4 3,836.4 3,823.6 3,761.4 3,751.0 1,826.9 467.3 437.6 390.6 309.1 266.7 234.0 212.9 100.1 74.9 47.3 0
Total Current Liabilities 100,411 48,457.3 48.5 45,425.5 44,794.8 43,128.9 41,224.1 40,050.1 39,661.5 38,816.3 38,559.2 37,940.3 36,360.1 35,175.6 33,890.8 32,808.4 32,523.9 31,469.6 29,529.9 28,411.0 28,480.4 27,858.7 26,697.1 25,751.3 21,553.7 20,349.6 20,132.9 19,633.9 18,607.2 18,977.4 18,558.7 18,001.8 16,648.4 16,597.4 15,929.9 15,970.1 9,407.4 8,850.6 8,757.5 7,370.2 7,145.6 4,018.7 4,043.2 4,105.6 3,985.6 3,970.3 1,998.2 504.1 492.8 434.6 326.9 315.1 249.1 245.1 111 86 51.2 0
Non-Current Liabilities
Long-Term Debt 5,741 2,205.0 2,203.5 2,033.9 2,312.1 2,300.0 2,572.0 2,536.3 2,541.6 2,563.1 2,535.3 2,625.4 2,590.8 888.5 1,313.1 1,712.7 1,312.2 1,311.9 1,431.2 1,560.3 1,559.1 1,758.5 1,958.0 2,504.6 2,987.2 2,811.6 2,803.0 2,424.2 2,605.8 1,928.7 1,986.1 2,047.3 2,442.4 1,785.4 2,089.4 1,190.7 532.1 757.1 644.8 1,013.0 826.0 229.0 254.8 310.1 325.8 319.1 87.2 44.8 10.3 25.8 41.5 0 21.5 0 1.5 1.5 0 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
Other Non-Current Liabilities 2,020 0 802.7 704.8 604.8 728.8 561.5 605.9 587.3 544.7 591.6 466.5 484.6 386.5 454.1 284.9 283.3 377.3 371.0 339.7 300.6 411.1 382.5 390.6 338.2 288.6 317.3 305.9 288.9 159.0 115.7 112.6 95.1 114.9 97.8 110.1 62.0 90.3 100.4 90.3 61.0 28.9 23.4 12.0 21.6 31.1 8.0 2.3 1.7 3.7 1.2 0.9 2.3 1.5 0.8 0.5 0.3 0
Total Non-Current Liabilities 7,761 2,205.0 3,006.2 2,738.7 2,916.9 3,028.7 3,133.5 3,142.2 3,128.8 3,107.8 3,126.9 3,091.9 3,075.4 1,275.0 1,767.2 1,997.6 1,595.5 1,689.2 1,802.3 1,900.0 1,859.8 2,169.6 2,340.5 2,895.2 3,325.4 3,100.2 3,120.3 2,730.1 2,894.7 2,087.7 2,101.8 2,159.9 2,537.5 1,900.3 2,187.2 1,300.7 594.1 847.3 745.3 1,103.3 887.1 257.8 278.2 322.2 347.4 350.2 95.3 47.1 12.0 29.5 42.7 0.9 23.8 1.5 2.3 2.0 0.3 0
Total Liabilities 108,172 50,662.3 49,107.4 48,164.2 47,711.7 46,157.6 44,357.6 43,192.3 42,790.3 41,924.1 41,686.1 41,032.2 39,435.5 36,450.6 35,658.0 34,806.1 34,119.4 33,158.8 31,332.1 30,311.1 30,340.2 30,028.2 29,037.6 28,646.5 24,879.1 23,449.7 23,253.2 22,364.0 21,501.9 21,065.1 20,660.5 20,161.7 19,185.9 18,497.7 18,117.0 17,270.8 10,001.5 9,697.9 9,502.7 8,473.5 8,033.6 4,276.6 4,321.4 4,427.8 4,333.0 4,320.5 2,093.4 551.2 504.8 464.1 369.6 316.0 272.9 246.7 113.5 87.6 51.6 23
Stockholders' Equity
Common Stock 151 77.7 77.6 77.5 77.6 77.2 77.2 77.2 77.2 76.8 76.8 76.7 76.7 76.5 76.4 76.4 76.4 76.1 76.1 76.1 76.1 75.8 75.8 75.8 75.8 76.6 76.7 76.9 77.1 77.5 77.9 77.9 77.9 77.7 77.7 77.6 49.8 46.4 46.2 42.2 42.0 33.4 33.4 33.0 32.9 24.1 15.6 7.4 3.7 3.7 3.7 3.7 3.7 3.7 5.5 1.9 1.9 2
Retained Earnings 3,785 3,727.8 3,579.9 3,429.4 3,293.6 3,175.8 3,045.6 2,919.9 2,887.8 2,784.9 2,745.9 2,634.3 2,458.0 2,341.7 2,224.7 2,096.9 1,972.7 1,864.3 1,748.5 1,629.6 1,515.5 1,407.7 1,312.9 1,218.4 1,168.3 1,184.2 1,100.5 1,002.4 914.5 833.1 750.4 667.6 591.7 519.1 503.3 449.8 413.7 381.1 351.5 325.6 300.7 10.1 38.0 43.4 52.1 85.4 47.9 2.0 0.9 (0.2) (1.8) (0.2) (2.7) (3.0) (5.1) (4.5) (3.5) (2)
Accumulated Other Comprehensive Income (225) (123.0) (159.8) (218.3) (166.1) (167.9) (116.5) (150.6) (179.1) (152.5) (299.9) (172.4) (146.8) (190.8) (242.7) (131.4) (31.2) 107.2 111.3 146.1 123.5 175.8 158.0 164.5 125.5 30.5 47.1 20.5 (15.0) (52.1) (54.5) (38.2) (36.2) (4.2) (13.2) (12.2) (15.2) (14.2) 3.9 4.9 2.0 17.9 9.9 7.4 3.9 8.7 (2.5) (1.4) 1.0 0.2 1.1 0.4 0.8 0.7 0.2 0.1 0.1 0
Total Stockholders' Equity 14,594 7,043.7 6,856.2 6,637.2 6,543.1 6,431.9 6,344.3 6,174.7 6,103.9 6,035.8 5,837.6 5,843.8 5,684.1 5,519.4 5,342.1 5,315.2 5,280.9 5,310.6 5,191.8 5,101.2 4,959.5 4,904.6 4,787.3 4,695.6 4,385.1 4,355.7 4,294.6 4,176.4 4,055.9 3,965.9 3,897.0 3,826.7 3,749.3 3,708.0 3,673.3 3,615.3 1,723.1 1,496.7 1,475.6 1,262.2 1,228.8 681.9 700.3 701.0 703.8 631.6 274.6 35.1 36.3 34.3 33.6 32.4 32.4 32.1 16.7 13.6 14.6 16
Total Liabilities & Equity 122,766 57,706.1 55,963.5 54,801.5 54,254.8 52,589.4 50,701.9 49,367.0 48,894.2 47,959.9 47,523.8 46,876.0 45,119.6 41,970.0 41,000.1 40,121.3 39,400.4 38,469.4 36,523.9 35,412.3 35,299.7 34,932.9 33,824.9 33,342.1 29,264.2 27,805.5 27,547.8 26,540.4 25,557.9 25,031.0 24,557.5 23,988.4 22,935.2 22,205.7 21,790.4 20,886.2 11,724.6 11,194.6 10,978.4 9,735.7 9,262.3 4,958.5 5,021.7 5,128.8 5,036.7 4,952.2 2,368.1 586.3 541.1 498.4 403.2 348.4 305.3 278.8 130.2 101.2 66.1 39
Debt Metrics
Total Debt 6,049 2,521.5 2,529.1 2,460.2 2,576.0 2,530.2 2,782.0 2,757.2 2,743.0 2,772.6 2,731.3 2,789.2 2,740.6 1,083.4 1,503.6 1,912.3 1,531.7 1,464.4 1,579.4 1,738.0 1,731.2 1,886.7 2,085.1 2,699.1 3,173.7 2,938.0 2,898.4 2,578.4 2,706.5 2,033.5 2,116.3 2,176.0 2,574.3 1,920.7 2,219.0 1,395.7 653.3 842.8 729.2 1,086.3 888.8 388.4 455.3 585.6 540.9 529.1 252.6 81.6 65.5 69.9 59.3 48.3 36.5 32.2 12.6 12.1 3.9 0
Net Debt 131 (1,043.6) (736.6) (529.8) (1,188.5) (812.1) 142.5 430.2 94.9 629.1 (403.4) (1,021.4) (65.9) (62.5) (281.3) 310.1 (1,758.4) (2,554.6) (1,782.9) (998.1) (1,238.2) (1,838.9) (698.8) 264.1 2,394.6 2,569.3 2,147.7 2,092.4 2,328.9 1,379.1 1,576.5 1,558.6 2,207.4 1,268.0 1,816.1 856.9 463.3 660.5 482.1 617.6 507.0 155.6 369.7 460.6 439.5 398.6 197.9 59.7 47.8 54.9 43.4 35.9 23.6 21.4 5.8 6.6 1.1 0
Metric 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 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 Q1
Operating Activities
Net Income 173.1 158.5 140.4 151.3 146.7 53.2 123.9 95.0 132.6 197.3 137.3 137.8 148.7 145.1 129.1 133.5 136.6 131.8 125.4 110.9 110.6 62.4 28.4 96.1 110.5 100.3 94.0 95.3 93.7 86.9 83.5 26.8 64.4 43.1 39.7 36.1 32.4 30.8 28.0 26.9 2.1 2.0 1.8 1.2 1.1 0.9 0.8 0.5 0.4 0.3 0.2 0.1 0.0 1.7 (0.7) (0.9) (1.4) (0.1)
Depreciation & Amortization 60.3 27.9 27.3 25.9 25.1 24.5 23.1 19.3 19.1 19.9 20.4 17.6 15.4 15.0 14.4 13.6 12.6 13.0 14.0 13.1 11.1 10.8 10.2 4.0 2.1 1.8 0.5 (2.6) (7.9) (6.9) (6.2) (8.8) (12.9) (1.5) (0.4) 15.1 0.7 1.6 (0.4) 5.3 0.9 0.7 0.6 0.6 0.4 0.5 0.6 0.4 0.4 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0
Stock-Based Compensation 10.9 11.0 10.6 9.5 10.4 10.6 10.3 12.3 10.1 9.3 10.2 8.7 10.7 10.8 9.4 7.1 6.8 5.7 5.4 4.6 4.4 4.1 5.5 6.1 5.0 5.2 4.9 4.4 4.5 4.3 4.4 5.1 5.8 5.2 3.5 2.9 2.9 2.6 2.6 2.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 141.2 61.3 (298.1) 306.8 (106.8) (35.1) (3.9) (126.6) (44.0) (238.0) 153.6 (96.4) 74.8 (22.6) (64.9) 49.8 22.6 (10.5) (48.7) 48.2 (44.7) (8.6) (81.0) 9.6 27.4 (68.5) 53.2 53.3 (22.0) 28.1 (23.2) (7.7) (4.0) (0.7) (24.5) (11.2) (15.1) 20.6 (8.9) (8.7) 3.2 (4.3) (1.0) 0.3 (2.0) 1.5 0.5 0.3 (1.5) 0.6 (0.1) 0.3 (0.1) (0.1) 0.0 0.1 0 0
Other Non-Cash Items 33.8 26.5 81.5 16.4 53.8 44.2 33.6 46.7 (5.3) (80.8) 17.7 18.5 52.1 12.7 (51.6) 29.2 (24.9) 30.6 16.0 (23.7) 42.3 72.0 105.3 (5.4) (13.1) (8.3) (6.0) 7.5 34.7 13.4 13.8 1.8 (17.4) 23.4 (19.1) (2.5) (6.4) (21.2) 1.8 17.8 (3.9) 1.1 (0.7) 0.5 (2.5) 0.7 0.2 (1.4) (0.5) 0.2 0.2 0.2 0.2 (1.6) 0.3 0.4 (0.6) 0.0
Operating Cash Flow 403.2 261.7 (21.7) 499.9 121.4 85.7 197.3 107.1 121.9 (110.6) 359.9 104.7 300.0 148.1 52.1 218.8 151.5 167.4 119.7 126.1 116.5 128.6 56.6 119.8 130.5 28.8 155.3 152.3 108.0 129.6 80.9 61.2 36.2 76.1 7.8 48.6 18.7 35.2 24.0 48.8 2.4 (0.7) 0.3 2.5 (3.3) 3.5 2.1 0.1 (1.1) 1.5 0.7 0.8 0.4 0.2 (0.1) (0.3) (1.9) (0.1)
Investing Activities
Capital Expenditure 39.4 (18.0) (21.3) (27.5) (25.3) (26.9) (17.3) (16.4) (15.3) (11.0) (35.5) (16.9) (24.4) (13.0) (10.1) (6.6) (6.2) (4.7) (5.7) (8.5) (11.6) (13.3) (6.3) (8.0) (5.5) (26.6) (2.1) (5.3) (4.0) (5.7) (8.8) (17.5) (17.4) (7.2) (11.4) (6.4) (4.0) (3.9) (2.9) (3.0) (0.9) (1.4) (1.0) (0.9) (0.2) (0.8) (0.8) (1.4) (0.9) (0.1) (0.5) (0.0) (0.0) (0.2) (0.7) (0.2) (2.2) 0
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 (0.5) 0 0 (30.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 1,400.3 (773.6) (643.4) (585.5) (446.2) (1,521.6) (195.0) (243.1) (675.1) (14.0) (275.6) (311.8) (304.0) (800.2) (438.4) (717.1) (565.6) (775.3) (319.9) (243.2) (403.3) (418.9) (418.0) (497.4) (380.2) (418.9) (325.2) (300.1) (368.9) (111.5) (591.2) (132.6) (563.7) (281.3) (335.5) (221.2) (107.2) (179.0) (178.1) (78.5) (29.7) (30.7) (10.3) (17.7) (51.5) (29.4) (32.9) (27.7) (42.3) (25.3) (21.3) (19.2) (2.0) (8.3) (6.2) (2.3) 0 0
Sales/Maturities of Investments (574.3) 308.6 278.3 261.6 196.6 903.5 45.2 45.3 166.6 236.4 47.1 96.1 147.5 166.4 111.6 202.3 186.3 269.6 136.5 119.8 220.2 175.4 155.8 231.1 254.5 433.4 199.4 227.5 102.1 73.4 96.2 472.4 88.8 79.4 50.6 105.4 146.8 78.5 29.1 106.8 9.0 13.6 6.8 10.0 30.9 5.0 15.4 21.2 23.1 8.4 2.9 2.2 1.3 0 0 0 0 0
Other Investing Activities (1,764.3) (1,042.1) (777.5) (1,182.4) (547.7) (135.3) (368.6) (1,050.6) (788.1) (674.0) (1,299.1) (1,327.2) (612.0) (1,847.3) (1,470.0) (863.6) (165.7) 135.1 (1,112.4) (22.7) 37.5 (2,122.3) (610.0) (435.9) (420.9) (694.8) (522.0) (229.4) (412.0) (752.6) (678.9) (367.7) (519.9) (349.4) (218.6) (203.1) (191.5) (249.6) (284.1) (212.4) (47.3) (46.9) (38.4) (32.3) (26.7) (17.7) (24.3) (27.1) (19.5) (19.0) (22.9) (19.2) (17.0) (30.6) (25.6) (27.5) (2.7) 0
Investing Cash Flow (898.9) (1,525.1) (1,164.0) (1,533.7) (822.6) (780.4) (535.7) (1,264.8) (1,311.9) (462.5) (1,563.2) (1,560.2) (792.9) (2,494.1) (1,837.3) (1,385.0) (551.2) (375.3) (1,301.5) (154.6) (157.3) (2,378.1) (878.6) (710.1) (552.1) (706.9) (649.9) (307.2) (682.8) (796.4) (1,182.7) (45.3) (1,012.2) (558.5) (514.9) (325.2) (138.3) (354) (435.9) (187.0) (68.8) (65.4) (42.9) (40.9) (47.6) (42.8) (42.7) (35.0) (39.6) (36.1) (41.8) (36.3) (17.7) (39.1) (32.5) (30.0) (4.9) 0
Financing Activities
Net Debt Issuance 67.0 (116.3) (0.1) (250.1) 4.5 (0.1) (0.1) (0.1) (75.1) 49.9 1,699.9 (425.1) (400.1) 399.9 (29.6) (120.1) (130.1) (0.1) (200.1) (200.1) (547.1) (483.0) 174.9 9.8 245.6 (181.7) 676.9 (57.6) (61.3) (395.2) 656.9 (304.1) 898.7 493.8 (175.1) 112.2 (514.0) 187.6 383.3 (282.1) 5.6 9.3 12.5 16.1 (4.4) 11.1 (0.5) 11.0 11.8 4.3 3.9 4.1 1.1 10.8 0.2 8.2 0 0.1
Stock Repurchased (1.0) (0.5) (19.0) (0.7) (0.6) 0 0 0 0 0 0 0 0 0 0 0 (0.0) (0.0) (3.8) 0 0 (0.0) (53.3) (12.9) (11.1) (7.4) (30.0) 0 0 0 0 0 0 0 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 (22.6) (22.7) (22.6) (21.1) (21.0) (21.0) (21.1) (21.0) (21.0) (21.0) (21.0) (20.9) (20.9) (20.9) (20.8) (17.7) (17.7) (17.7) (17.7) (16.1) (16.1) (12.4) (12.4) (12.4) (12.4) (12.4) (12.5) (12.6) (11.0) (11.0) (11.0) (10.9) (10.9) (7.0) (7.0) (6.5) (6.5) (5.9) (5.8) (4.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 727.9 514.2 1,670.2 1,908.4 1,173.6 387.4 835.6 257.0 605.0 1,557.8 1,166.4 1,275.3 1,085.4 279.1 1,053.8 1,939.0 1,122.6 (70.4) 629.2 1,162.8 954.4 4,414.1 1,210.5 212.3 492.3 1,021.7 (375.9) 416.4 551.3 1,351.1 45.0 670.5 (42.2) 341.7 506.0 97.6 425.3 226.3 96.0 419.2 98.7 70.9 48.3 29.8 47.0 43.2 38.1 42.4 32.7 21.1 44.2 32.0 16.2 32.9 29.1 27.6 21.9 (0.0)
Financing Cash Flow 771.2 374.7 1,628.5 1,636.5 1,156.5 366.2 814.4 235.9 508.9 1,586.7 2,845.4 829.3 664.4 658.2 1,003.4 1,801.2 974.8 (88.1) 407.7 946.6 390.7 3,918.6 1,319.6 196.7 714.4 820.2 258.5 325.6 479.0 944.9 690.9 355.5 845.5 828.5 516.2 203.3 (95.3) 408.0 473.5 132.1 104.3 80.3 60.8 45.9 42.7 54.3 37.6 53.3 44.5 25.4 48.1 36.1 17.3 43.7 29.3 35.8 21.9 0.1
Cash Position
Net Change in Cash 275.6 (888.7) 442.8 602.8 455.2 (328.4) 476.0 (921.8) (681.0) 1,013.7 1,642.1 (626.1) 171.6 (1,687.9) (781.8) 635.0 575.1 (296.0) (774.0) 918.1 349.9 1,669.1 497.7 (393.6) 292.7 142.1 (236.2) 170.6 (95.8) 278.2 (410.8) 371.3 (130.5) 346.1 9.0 (73.3) (214.8) 89.2 61.6 (6.1) 37.9 14.2 18.2 7.5 (8.2) 15.0 (3.0) 18.5 3.8 (9.1) 7.0 0.6 (0.1) 4.9 (3.3) 5.5 15.2 0.0
Cash at Beginning 2,990.0 3,878.7 3,435.9 2,833.2 2,377.9 2,706.4 2,230.3 3,152.1 3,833.1 2,819.5 1,177.4 1,803.5 1,631.9 3,319.8 4,101.5 3,466.5 2,891.4 3,187.4 3,961.4 3,043.3 2,693.5 1,024.4 526.7 920.3 627.6 485.5 721.7 551.1 646.9 368.8 779.6 408.3 538.8 192.7 183.6 257.0 471.8 382.6 321.0 327.0 59.2 44.9 26.7 39.0 47.2 32.2 35.2 16.7 12.9 22.1 15.1 14.5 14.6 9.7 13.0 7.5 0 0
Cash at End 3,265.6 2,990.0 3,878.7 3,435.9 2,833.2 2,377.9 2,706.4 2,230.3 3,152.1 3,833.1 2,819.5 1,177.4 1,803.5 1,631.9 3,319.8 4,101.5 3,466.5 2,891.4 3,187.4 3,961.4 3,043.3 2,693.5 1,024.4 526.7 920.3 627.6 485.5 721.7 551.1 646.9 368.8 779.6 408.3 538.8 192.7 183.6 257.0 471.8 382.6 321.0 97.1 59.2 44.9 46.5 39.0 47.2 32.2 35.2 16.7 12.9 22.1 15.1 14.5 14.6 9.7 13.0 15.2 0.0
Free Cash Flow 442.6 243.7 (43.0) 472.5 96.0 58.8 180.0 90.8 106.6 (121.6) 324.4 87.8 275.6 135.1 42.0 212.2 145.4 162.7 114.0 117.6 104.9 115.3 50.3 111.8 125.0 2.2 153.2 147.0 104.0 124.0 72.1 43.7 18.9 68.9 (3.6) 42.2 14.8 31.4 21.2 45.9 1.5 (2.0) (0.7) 1.6 (3.5) 2.8 1.3 (1.3) (2.0) 1.3 0.3 0.8 0.3 0.1 (0.9) (0.5) (4.1) (0.1)
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 Q1
Income Statement
Revenue 1,798 846.2 544.8 820.2 711.1 745.5 751.2 653.5 706.7 653.9 659.8 612.4 552.2 488.7 413.8 339.0 308.0 308.0 309.6 301.2 297.2 296.5 299.7 291.1 300.2 305.0 313.3 292.6 284.5 284.2 273.4 255.9 246.4 201.9 228.8 144.9 124.7 102.5 120.6 106.8 101.7 82.8 83.3 71.3 70.0 58.3 65.7 63.2 62.0 52.6 59.6 58.9 59.1 51.1 56.9 55.9 55.8 56.2 57.0 57.6 55.5 57.7 59.2 61.5 61.2 30.4 60.2 60.6 62.7 61.3 61.1 57.8 60.5 49.9 43.7 41.1 38.8 38.2 35.8 32.7 18.9 15.6 13.7 12.0 10.4 10.0 8.8 7.4 6.8 6.2 5.2 4.2 3.3 2.7 1.7 1.0 0.4 0.0
Gross Profit 1,217 542.2 512.9 480.7 390.4 395.3 381.6 287.2 339.8 310.0 322.9 320.9 339.6 332.2 320.3 298.3 286.1 284.9 282.9 272.4 260.9 253.2 240.4 171.7 130.8 226.0 225.1 208.4 206.7 209.0 205.9 197.7 202.4 162.3 192.9 120.9 107.7 87.4 103.7 92.8 90.7 71.0 76.0 66.4 66.2 53.0 61.6 59.6 58.2 46.9 55.3 52.1 52.5 43.6 50.0 49.5 48.4 43.6 44.8 41.0 38.2 39.6 39.9 15.8 31.8 (2.0) 20.2 (24.2) 28.2 34.2 35.4 34.0 34.1 26.4 23.5 22.3 21.3 21.3 21.0 19.6 11.2 9.1 8.4 7.7 7.1 6.5 5.9 5.3 4.9 4.6 3.5 2.6 2.0 1.3 0.7 0.3 0.4 0
Operating Income 189 205.4 209.7 194.3 170.4 183.8 181.1 65.0 151.3 128.9 168.0 245.9 171.3 174.9 183.8 181.1 157.6 166.4 169.4 162.5 153.6 133.9 137.0 73.7 26.7 118.5 137.2 124.7 117.1 118.8 118.2 109.9 103.1 82.0 99.5 63.1 53.4 54.3 48.7 46.5 41.8 40.4 36.1 33.9 32.6 28.3 27.2 25.7 24.5 22.6 22.0 21.3 20.0 18.0 16.4 15.5 12.6 9.2 9.1 6.7 3.5 3.1 2.1 (20.7) (4.3) (5.9) (7.1) (54.8) 3.0 11.6 12.1 10.9 8.6 8.6 8.4 7.8 8.2 8.1 7.9 6.5 3.8 3.1 2.9 2.8 2.5 2.3 2.0 1.7 1.6 1.3 0.8 0.4 0.2 0 0 0 (1.4) (0.1)
Net Income 150 169.8 173.4 158.5 140.4 151.3 146.7 53.2 123.9 95.0 132.6 197.3 137.3 137.8 148.7 145.1 129.1 133.5 136.6 131.8 125.4 110.9 110.6 62.4 28.4 96.1 110.5 100.3 94.0 95.3 93.7 86.9 83.5 26.8 64.4 43.1 39.7 36.1 32.4 30.8 28.0 26.9 24.1 22.7 21.8 18.7 18.2 17.2 16.4 15.3 14.6 14.3 13.4 11.7 11.3 10.4 8.4 7.8 26.1 6.4 3.5 3.8 2.1 (26.4) (3.8) (2.5) (3.3) (31.8) 2.1 8.1 8.8 8.0 6.1 6.2 5.8 5.4 5.6 5.6 5.3 4.3 2.6 2.2 2.1 2.0 1.8 1.7 1.4 1.2 1.1 0.9 0.5 0.3 0.1 1.7 (0.9) (1.3) (1.4) (0.1)
EPS (Diluted) 1.74 2.13 2.19 2.00 1.77 1.91 1.86 0.64 1.57 1.19 1.69 2.54 1.76 1.76 1.91 1.86 1.65 1.71 1.75 1.69 1.61 1.42 1.42 0.83 0.37 1.26 1.44 1.31 1.22 1.23 1.21 1.12 1.08 0.35 0.83 0.80 0.82 0.78 0.71 0.73 0.68 0.65 0.62 0.64 0.62 0.53 0.52 0.49 0.47 0.44 0.42 0.42 0.39 0.34 0.33 0.23 0.21 0.17 0.72 0.14 0.06 0.07 0.02 -0.85 -0.16 -0.08 -0.15 -1.33 0.03 0.31 0.36 0.34 0.26 0.33 0.35 0.33 0.34 0.34 0.32 0.26 0.24 0.23 0.22 0.21 0.19 0.18 0.16 0.14 0.13 0.10 0.07 0.04 0.02 0.47 -0.24 -0.33 -0.37 -0.02
Balance Sheet
Cash & Equivalents 5,918 3,565.1 3,265.6 2,990.0 3,764.5 3,342.3 2,639.4 2,327.0 2,648.1 2,143.5 3,134.7 3,810.6 2,806.4 1,145.9 1,784.9 1,602.2 3,290.1 4,019.0 3,362.3 2,736.1 2,969.4 3,725.5 2,783.9 2,435.1 779.2 368.7 750.8 485.9 377.6 654.4 539.8 617.5 366.9 652.7 402.9 538.8 190.0 182.3 247.0 468.7 381.8 232.9 85.6 125.0 101.4 130.5 54.7 21.9 17.7 14.9 15.9 12.4 12.9 10.8 6.8 5.6 2.8 0
Total Assets 122,766 57,706.1 55,963.5 54,801.5 54,254.8 52,589.4 50,701.9 49,367.0 48,894.2 47,959.9 47,523.8 46,876.0 45,119.6 41,970.0 41,000.1 40,121.3 39,400.4 38,469.4 36,523.9 35,412.3 35,299.7 34,932.9 33,824.9 33,342.1 29,264.2 27,805.5 27,547.8 26,540.4 25,557.9 25,031.0 24,557.5 23,988.4 22,935.2 22,205.7 21,790.4 20,886.2 11,724.6 11,194.6 10,978.4 9,735.7 9,261.4 4,958.5 5,021.7 5,128.8 5,036.7 4,952.2 2,368.1 586.3 541.1 498.4 403.2 348.4 305.3 278.8 130.2 101.2 66.1 39
Total Debt 6,049 2,521.5 2,529.1 2,460.2 2,576.0 2,530.2 2,782.0 2,757.2 2,743.0 2,772.6 2,731.3 2,789.2 2,740.6 1,083.4 1,503.6 1,912.3 1,531.7 1,464.4 1,579.4 1,738.0 1,731.2 1,886.7 2,085.1 2,699.1 3,173.7 2,938.0 2,898.4 2,578.4 2,706.5 2,033.5 2,116.3 2,176.0 2,574.3 1,920.7 2,219.0 1,395.7 653.3 842.8 729.2 1,086.3 888.8 388.4 455.3 585.6 540.9 529.1 252.6 81.6 65.5 69.9 59.3 48.3 36.5 32.2 12.6 12.1 3.9 0
Stockholders' Equity 14,594 7,043.7 6,856.2 6,637.2 6,543.1 6,431.9 6,344.3 6,174.7 6,103.9 6,035.8 5,837.6 5,843.8 5,684.1 5,519.4 5,342.1 5,315.2 5,280.9 5,310.6 5,191.8 5,101.2 4,959.5 4,904.6 4,787.3 4,695.6 4,385.1 4,355.7 4,294.6 4,176.4 4,055.9 3,965.9 3,897.0 3,826.7 3,749.3 3,708.0 3,673.3 3,615.3 1,723.1 1,496.7 1,475.6 1,262.2 1,228.8 681.9 700.3 701.0 703.8 631.6 274.6 35.1 36.3 34.3 33.6 32.4 32.4 32.1 16.7 13.6 14.6 16
Cash Flow
Operating Cash Flow 403.2 261.7 (21.7) 499.9 121.4 85.7 197.3 107.1 121.9 (110.6) 359.9 104.7 300.0 148.1 52.1 218.8 151.5 167.4 119.7 126.1 116.5 128.6 56.6 119.8 130.5 28.8 155.3 152.3 108.0 129.6 80.9 61.2 36.2 76.1 7.8 48.6 18.7 35.2 24.0 48.8 2.4 (0.7) 0.3 2.5 (3.3) 3.5 2.1 0.1 (1.1) 1.5 0.7 0.8 0.4 0.2 (0.1) (0.3) (1.9) (0.1)
Capital Expenditure 39.4 (18.0) (21.3) (27.5) (25.3) (26.9) (17.3) (16.4) (15.3) (11.0) (35.5) (16.9) (24.4) (13.0) (10.1) (6.6) (6.2) (4.7) (5.7) (8.5) (11.6) (13.3) (6.3) (8.0) (5.5) (26.6) (2.1) (5.3) (4.0) (5.7) (8.8) (17.5) (17.4) (7.2) (11.4) (6.4) (4.0) (3.9) (2.9) (3.0) (0.9) (1.4) (1.0) (0.9) (0.2) (0.8) (0.8) (1.4) (0.9) (0.1) (0.5) (0.0) (0.0) (0.2) (0.7) (0.2) (2.2) 0
Free Cash Flow 442.6 243.7 (43.0) 472.5 96.0 58.8 180.0 90.8 106.6 (121.6) 324.4 87.8 275.6 135.1 42.0 212.2 145.4 162.7 114.0 117.6 104.9 115.3 50.3 111.8 125.0 2.2 153.2 147.0 104.0 124.0 72.1 43.7 18.9 68.9 (3.6) 42.2 14.8 31.4 21.2 45.9 1.5 (2.0) (0.7) 1.6 (3.5) 2.8 1.3 (1.3) (2.0) 1.3 0.3 0.8 0.3 0.1 (0.9) (0.5) (4.1) (0.1)