PNW - Pinnacle West Capital Corporation
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$102.38
DETAILS
HIGH:
$108.00
LOW:
$92.00
MEDIAN:
$104.50
CONSENSUS:
$102.38
DOWNSIDE:
0.54%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 5,339.9 | 5,124.9 | 4,696.0 | 4,324.4 | 3,803.8 | 3,587.0 | 3,471.2 | 3,691.2 | 3,565.3 | 3,498.7 | 3,495.4 | 3,491.6 | 3,454.6 | 3,301.8 | 3,241.4 | 3,263.6 | 3,297.1 | 3,367.1 | 3,523.6 | 3,401.7 | 2,988.0 | 2,899.7 | 2,817.9 | 2,637.3 | 4,551.4 | 3,690.2 | 2,423.4 | 2,130.6 | 1,995.1 | 1,817.8 | 1,669.8 | 1,685.5 | 1,718.5 |
| Cost of Revenue | 3,983.3 | 2,987.7 | 2,851.4 | 2,616.4 | 2,106.6 | 1,952.3 | 1,983.9 | 2,112.9 | 1,930.4 | 2,007.2 | 1,969.7 | 2,087.9 | 2,020.4 | 1,879.6 | 1,913.8 | 1,917 | 1,178.6 | 1,429.8 | 1,435.2 | 1,251.3 | 888.2 | 888.1 | 862.2 | 531.9 | 735.8 | 1,934.8 | 796.1 | 537.5 | 436.6 | 325.5 | 269.8 | 300.7 | 0 |
| Gross Profit | 1,356.7 | 2,137.2 | 1,844.6 | 1,708.0 | 1,697.2 | 1,634.7 | 1,487.4 | 1,578.4 | 1,634.9 | 1,491.5 | 1,525.8 | 1,403.8 | 1,434.2 | 1,422.2 | 1,327.6 | 1,272.2 | 1,975.0 | 1,880.8 | 2,088.5 | 2,150.5 | 2,099.7 | 1,940.9 | 1,896.6 | 1,873.4 | 1,898.9 | 1,755.4 | 1,627.3 | 1,593.1 | 1,558.5 | 1,492.3 | 1,400 | 1,384.8 | 1,718.5 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A 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 |
| Other Expenses | 238.5 | 1,125.1 | 1,020.0 | 976.1 | 891.9 | 846.5 | 815.4 | 804.7 | 725.1 | 655.9 | 671.2 | 592.5 | 587.9 | 570.5 | 581.1 | 557.3 | 1,358.9 | 1,375.6 | 1,469.2 | 1,531.6 | 1,584.4 | 1,422.9 | 1,423.4 | 1,322.6 | 1,222.9 | 1,079.4 | 1,048.5 | 1,025.9 | 1,000.7 | 948.4 | 837.5 | 850.9 | 0 |
| Operating Expenses | 238.5 | 1,125.1 | 1,020.0 | 976.1 | 891.9 | 846.5 | 815.4 | 804.7 | 725.1 | 655.9 | 671.2 | 592.5 | 587.9 | 570.5 | 581.1 | 557.3 | 1,358.9 | 1,375.6 | 1,469.2 | 1,531.6 | 1,584.4 | 1,422.9 | 1,423.4 | 1,322.6 | 1,222.9 | 1,079.4 | 1,048.5 | 1,025.9 | 1,000.7 | 948.4 | 837.5 | 850.9 | 0 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 1,118.2 | 1,012.1 | 824.6 | 731.9 | 805.3 | 788.2 | 672.0 | 773.7 | 909.8 | 835.6 | 854.6 | 811.2 | 846.3 | 851.8 | 746.5 | 714.9 | 616.1 | 505.2 | 619.3 | 618.9 | 515.3 | 518.0 | 473.3 | 550.7 | 676.0 | 676.0 | 578.8 | 567.2 | 557.7 | 543.9 | 562.5 | 533.9 | 1,718.5 |
| Interest Expense | 422.0 | 377.5 | 331.3 | 255.5 | 233.3 | 229.0 | 216.7 | 218.3 | 197.7 | 185.8 | 178.7 | 185.5 | 187.0 | 199.6 | 223.6 | 227.6 | 223.1 | 197.5 | 212.6 | 196.8 | 185.1 | 195.9 | 204.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 18.0 | 24.3 | 27.2 | 7.3 | 6.7 | 12.2 | 10.4 | 8.6 | 3.5 | 0.9 | 0.5 | 1.0 | 1.6 | 1.2 | 1.9 | 3.3 | 1.7 | 7.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 2,130.0 | 2,070.2 | 1,781.2 | 1,649.0 | 1,698.4 | 1,563.4 | 1,422.9 | 1,533.7 | 1,574.5 | 1,448.7 | 1,444.3 | 1,326.4 | 1,349.9 | 1,337.2 | 1,256.7 | 1,206.2 | 1,072.8 | 929.0 | 1,023.1 | 1,271.0 | 896.9 | 950.1 | 937.1 | 1,006.0 | 1,132.3 | 1,100.5 | 995.8 | 979.8 | 1,995 | 1,817.8 | 838.8 | 805.6 | 1,718.5 |
| EBIT | 1,160.3 | 1,114.0 | 927.0 | 831.2 | 979.3 | 877.2 | 758.8 | 882.7 | 963.9 | 883.7 | 872.6 | 829.9 | 857.6 | 856.0 | 762.9 | 733.4 | 622.0 | 505.1 | 619.3 | 618.9 | 515.3 | 518.0 | 473.3 | 550.7 | 676.0 | 676.0 | 578.8 | 567.2 | 1,995 | 1,817.8 | 562.5 | 533.9 | 1,718.5 |
| Income Before Tax | 738.4 | 736.6 | 595.7 | 575.7 | 746.0 | 648.2 | 542.0 | 664.4 | 766.2 | 697.9 | 693.9 | 644.4 | 670.6 | 656.3 | 539.2 | 514.9 | 105.1 | 279.0 | 449.7 | 473.6 | 350.1 | 364.1 | 336.1 | 353.3 | 540.9 | 526.2 | 437.9 | 407.5 | 386.2 | 339.6 | 327.6 | 323.6 | 0 |
| Income Tax Expense | 106.7 | 110.5 | 76.9 | 74.8 | 110.1 | 78.2 | (15.8) | 133.9 | 258.3 | 236.4 | 237.7 | 220.7 | 230.6 | 237.3 | 183.6 | 164.3 | 37.8 | 65.4 | 150.9 | 156.4 | 126.9 | 128.9 | 105.6 | 138.1 | 213.5 | 223.9 | 168.1 | 164.6 | 150.3 | 128.5 | 128 | 123 | (189.3) |
| Net Income | 616.5 | 608.8 | 501.6 | 483.6 | 618.7 | 550.6 | 538.3 | 511.0 | 488.5 | 442.0 | 437.3 | 397.6 | 406.1 | 381.5 | 339.5 | 350.1 | 68.3 | 242.1 | 307.1 | 327.3 | 176.3 | 243.2 | 240.6 | 149.4 | 312.2 | 302.3 | 167.9 | 242.9 | 235.9 | 181.3 | 188 | 200.6 | 189.3 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 5.15 | 5.35 | 4.42 | 4.27 | 5.48 | 4.89 | 4.79 | 4.56 | 4.37 | 3.97 | 3.94 | 3.59 | 3.69 | 3.48 | 3.11 | 3.28 | 0.68 | 2.40 | 3.06 | 3.29 | 1.83 | 2.66 | 2.64 | 1.76 | 3.68 | 3.57 | 1.98 | 2.87 | 2.76 | 2.07 | 2.15 | 2.30 | 2.17 |
| EPS (Diluted) | 5.05 | 5.24 | 4.41 | 4.26 | 5.47 | 4.87 | 4.77 | 4.54 | 4.35 | 3.95 | 3.92 | 3.58 | 3.66 | 3.45 | 3.09 | 3.27 | 0.67 | 2.40 | 3.05 | 3.27 | 1.82 | 2.66 | 2.63 | 1.76 | 3.68 | 3.56 | 1.97 | 2.85 | 2.74 | 2.06 | 2.15 | 2.30 | 2.16 |
| Shares Outstanding | 119.7 | 113.8 | 113.4 | 113.2 | 112.9 | 112.7 | 112.4 | 112.1 | 111.8 | 111.4 | 111.0 | 110.6 | 110.0 | 109.5 | 109.1 | 106.6 | 101.2 | 100.7 | 100.3 | 99.4 | 96.3 | 91.4 | 91.3 | 84.9 | 84.8 | 84.7 | 84.7 | 84.8 | 85.5 | 87.6 | 87.4 | 87.4 | 87.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||
| Cash & Cash Equivalents | 6.6 | 3.8 | 5.0 | 4.8 | 10.0 | 60.0 | 10.3 | 5.8 | 13.9 | 8.9 | 145.4 | 105.2 | 163.4 | 228.8 | 77.7 | 28.6 | 10.4 | 20.7 | 20.5 | 27.5 | 26.7 | 79.5 | 34.7 |
| Short-Term Investments | 3.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 734.0 | 677.7 | 659.3 | 608.3 | 508.1 | 432.8 | 408.1 | 401.0 | 415.1 | 359.2 | 432.7 | 289.3 | 456.2 | 365.7 | 447.9 | 443.4 | 588.4 | 317.5 | 301.6 | 242.1 | 224.7 | 184.9 | 191.5 |
| Inventory | 565.2 | 501.4 | 493.5 | 450.6 | 367.2 | 334.3 | 345.9 | 294.1 | 289.3 | 282.6 | 218.5 | 253.7 | 121.8 | 124.5 | 119.8 | 108.2 | 91.4 | 91.9 | 83.1 | 80.2 | 88 | 100 | 125.6 |
| Other Current Assets | 245.6 | 506.5 | 769.1 | 686.8 | 665.9 | 371.3 | 265.7 | 224.1 | 298.1 | 171.6 | 81.5 | 284.9 | 214.6 | 250.1 | 167.2 | 147.2 | 103.8 | 68.7 | 51.6 | 99.3 | 110.9 | 66.1 | 83.8 |
| Total Current Assets | 1,554.6 | 1,689.4 | 1,927.0 | 1,750.6 | 1,551.1 | 1,198.3 | 1,030.0 | 925.0 | 1,016.3 | 822.2 | 928.7 | 882.5 | 1,137.1 | 969.0 | 812.7 | 727.4 | 793.9 | 498.8 | 456.8 | 449.1 | 450.3 | 430.5 | 435.6 |
| Non-Current Assets | |||||||||||||||||||||||
| Property, Plant & Equipment | 23,793.8 | 20,212.1 | 19,023.0 | 17,397.2 | 16,603.8 | 15,381.7 | 14,377.8 | 13,766.7 | 13,188.1 | 12,624.3 | 9,093.4 | 8,784.9 | 7,430.0 | 7,480.1 | 6,479.4 | 5,907.3 | 5,133.2 | 4,778.5 | 4,730.6 | 4,677.6 | 4,655.1 | 4,647.1 | 4,624.1 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 576.0 | 591.3 | 267.1 | 258.9 | 273.7 | 282.6 | 290.6 | 262.9 | 257.2 | 90.0 | 164.4 | 131.7 | 456.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1,854.1 | 1,691.2 | 1,564.0 | 1,420.6 | 1,653.2 | 1,392.9 | 1,255.9 | 1,087.2 | 903.5 | 779.6 | 673.5 | 910.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2,253.1 | 1,918.8 | 1,880.0 | 1,896.2 | 1,921.5 | 1,764.9 | 1,525.0 | 1,622.4 | 1,654.0 | 1,688.2 | 1,330.6 | 911.0 | 1,224.1 | 1,069.6 | 1,199.0 | 1,347.0 | 1,235.9 | 1,331.2 | 1,637.1 | 1,723.7 | 1,883.9 | 1,919.5 | 1,850.1 |
| Total Non-Current Assets | 30,128.1 | 24,413.4 | 22,734.2 | 20,972.9 | 20,452.1 | 18,822.1 | 17,449.2 | 16,739.2 | 16,002.8 | 15,182.0 | 10,879.4 | 10,737.6 | 8,759.6 | 8,567.3 | 7,613.1 | 7,254.3 | 6,355.2 | 6,109.7 | 6,367.9 | 6,401.3 | 6,539 | 6,566.6 | 6,474.2 |
| Total Assets | 31,682.7 | 26,102.8 | 24,661.2 | 22,723.4 | 22,003.2 | 20,020.4 | 18,479.2 | 17,664.2 | 17,019.1 | 16,004.3 | 11,808.2 | 11,620.1 | 9,896.7 | 9,536.4 | 8,425.8 | 7,981.7 | 7,149.2 | 6,608.5 | 6,824.7 | 6,850.4 | 6,989.3 | 6,997.1 | 6,909.8 |
| Current Liabilities | |||||||||||||||||||||||
| Account Payables | 680.2 | 485.4 | 442.5 | 430.4 | 393.1 | 318.6 | 346.4 | 277.3 | 256.4 | 264.6 | 240.6 | 261.0 | 373.5 | 283.0 | 332.4 | 269.1 | 375.8 | 186.5 | 155.8 | 117.4 | 184.1 | 115 | 126.8 |
| Short-Term Debt | 1,545.6 | 1,368.5 | 1,484.5 | 391.4 | 442 | 169 | 914.7 | 576.4 | 177.4 | 302.2 | 457.2 | 848.1 | 688.2 | 791.0 | 508.6 | 531.9 | 546.2 | 153.1 | 346.8 | 239.5 | 173.2 | 186.6 | 210 |
| Deferred Revenue | 0 | 44.3 | 42.0 | 41.8 | 42.3 | 48.3 | 64.9 | 91.2 | 70.4 | 82.5 | 158.6 | 150.5 | 51.8 | 49.8 | 0 | 0 | 0 | 0 | 137.5 | 0 | 193.4 | 203 | 0 |
| Other Current Liabilities | 638.6 | 481.0 | 512.9 | 469.8 | 457.1 | 439.7 | 453.2 | 405.5 | 410.6 | 378.9 | 252.5 | 246.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | (0.1) | (0.1) | 0 |
| Total Current Liabilities | 3,161.0 | 2,843.8 | 2,889.3 | 1,762.1 | 1,756.9 | 1,360.4 | 2,078.4 | 1,649.0 | 1,197.9 | 1,292.9 | 1,083.2 | 1,505.9 | 1,625.9 | 1,151.0 | 1,055.1 | 1,090.9 | 1,191.3 | 495.5 | 640.2 | 523.7 | 550.6 | 504.5 | 532.1 |
| Non-Current Liabilities | |||||||||||||||||||||||
| Long-Term Debt | 12,754.0 | 8,058.6 | 7,540.6 | 7,741.3 | 6,913.7 | 6,314.3 | 4,832.6 | 4,638.2 | 4,789.7 | 4,021.8 | 3,370.5 | 3,031.6 | 2,585.0 | 2,616.6 | 2,743.7 | 2,673.1 | 1,955.1 | 2,206.1 | 2,049 | 2,244.2 | 2,372.1 | 2,510.7 | 2,588.5 |
| Deferred Tax Liabilities | 4,430.3 | 2,694.0 | 2,674.2 | 2,565.1 | 2,498.4 | 2,332.6 | 2,195.0 | 2,030.3 | 1,909.5 | 3,165.4 | 1,496.1 | 1,403.3 | 1,227.6 | 1,338.5 | 1,209.1 | 1,065.0 | 1,143.0 | 1,183.9 | 1,370.8 | 1,414.4 | 1,433.7 | 1,425.8 | 1,418.7 |
| Other Non-Current Liabilities | 69.7 | 3,558.7 | 3,528.3 | 3,433.7 | 3,827.2 | 3,678.0 | 3,552.9 | 3,860.8 | 3,872.3 | 2,499.5 | 2,582.8 | (4,434.9) | (3,812.5) | (3,955.1) | (3,952.8) | (3,738.1) | (3,098.1) | (3,389.9) | (3,419.8) | (3,658.6) | (3,805.8) | (3,936.5) | (4,007.2) |
| Total Non-Current Liabilities | 21,434.6 | 16,401.5 | 15,486.9 | 14,801.4 | 14,224.9 | 12,907.2 | 10,847.7 | 10,666.5 | 10,685.5 | 9,775.4 | 7,379.3 | 6,668 | 5,321 | 5,556 | 4,685 | 4,391 | 3,575 | 3,908 | 3,926 | 4,128 | 4,249 | 4,343 | 4,334 |
| Total Liabilities | 24,595.7 | 19,245.3 | 18,376.3 | 16,563.5 | 15,981.8 | 14,267.6 | 12,926.1 | 12,315.5 | 11,883.4 | 11,068.3 | 8,462.5 | 8,174.1 | 6,946.6 | 6,706.6 | 5,739.7 | 5,482.4 | 4,766.4 | 4,402.8 | 4,566.1 | 4,651.8 | 4,800.3 | 4,847.4 | 4,864.8 |
| Stockholders' Equity | |||||||||||||||||||||||
| Common Stock | 3,231.4 | 3,121.6 | 2,752.7 | 2,724.7 | 2,702.7 | 2,677.5 | 2,659.6 | 2,634.3 | 2,614.8 | 2,596.0 | 2,149.5 | 2,148.5 | 1,769.0 | 1,744.4 | 1,737.3 | 1,531.0 | 1,532.8 | 1,537.4 | 1,550.6 | 1,553.8 | 1,636.4 | 1,638.7 | 1,641.2 |
| Retained Earnings | 3,850.8 | 3,667.0 | 3,466.3 | 3,360.3 | 3,264.7 | 3,025.1 | 2,837.6 | 2,641.2 | 2,442.5 | 2,255.5 | 1,298.2 | 1,444.2 | 1,204.1 | 1,127.7 | 1,044.5 | 1,032.8 | 849.9 | 668.3 | 612.7 | 473.7 | 334 | 242.4 | 135.2 |
| Accumulated Other Comprehensive Income | (32.4) | (30.9) | (33.1) | (31.4) | (54.9) | (62.8) | (57.1) | (47.7) | (45.0) | (43.8) | (131.6) | (146.7) | (22.5) | (39.0) | (91.3) | (64.6) | (3,188.3) | (3,026.2) | (2,814.8) | (2,620.6) | (2,426.1) | (2,231.6) | (2,203) |
| Total Stockholders' Equity | 7,046.5 | 6,754.3 | 6,177.7 | 6,048.6 | 5,906.2 | 5,633.5 | 5,430.6 | 5,222.9 | 5,006.7 | 4,803.6 | 3,316.1 | 3,446.0 | 2,950.2 | 2,829.8 | 2,686.2 | 2,499.3 | 2,382.7 | 2,205.7 | 2,258.6 | 2,198.6 | 2,189 | 2,149.7 | 2,045 |
| Total Liabilities & Equity | 31,682.7 | 26,102.8 | 24,661.2 | 22,723.4 | 22,003.2 | 20,020.4 | 18,479.2 | 17,664.2 | 17,019.1 | 16,004.3 | 11,808.2 | 11,620.1 | 9,896.7 | 9,536.4 | 8,425.8 | 7,981.7 | 7,149.2 | 6,608.5 | 6,824.7 | 6,850.4 | 6,989.3 | 6,997.1 | 6,909.8 |
| Debt Metrics | |||||||||||||||||||||||
| Total Debt | 17,848.0 | 11,048.3 | 10,303.2 | 8,877.1 | 8,184.6 | 6,919.4 | 5,811.8 | 5,214.6 | 4,967.1 | 4,324.0 | 3,801.9 | 3,879.7 | 3,273.2 | 3,409.3 | 3,264.9 | 3,205.0 | 2,501.3 | 2,359.2 | 2,395.8 | 2,483.7 | 2,545.3 | 2,697.3 | 2,798.5 |
| Net Debt | 17,841.4 | 11,044.5 | 10,298.2 | 8,872.3 | 8,174.6 | 6,859.4 | 5,801.5 | 5,208.9 | 4,953.2 | 4,315.1 | 3,656.6 | 3,774.5 | 3,109.8 | 3,180.5 | 3,187.2 | 3,176.4 | 2,491.0 | 2,338.5 | 2,375.3 | 2,456.2 | 2,518.6 | 2,617.8 | 2,763.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||
| Net Income | 616.5 | 626.0 | 518.8 | 500.8 | 635.9 | 570.1 | 557.8 | 530.5 | 507.9 | 461.5 | 176.3 | 243.2 | 240.6 | 215.2 | 327.4 | 302.3 | 307.8 | 242.9 | 235.9 | 201.6 | 199.6 | 200.6 |
| Depreciation & Amortization | 969.6 | 956.2 | 854.1 | 817.8 | 719.1 | 686.3 | 664.1 | 651.0 | 610.6 | 565.0 | 353.1 | 401.1 | 438.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 23.5 | 17.3 | 15.9 | 18.5 | 18.3 | 18.4 | 19.5 | 20.5 | 18.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 91.1 | (80.7) | (172.4) | (13.6) | (372.1) | (233.1) | (213.8) | (22.2) | (154.1) | (187.3) | (45.0) | 300.0 | 119.4 | 2.1 | (40.8) | 3.8 | 19.5 | (68.6) | 3.2 | 51.8 | 31.3 | (5.9) |
| Other Non-Cash Items | 120.0 | 114.0 | (63.0) | (116.9) | (254.1) | (139.5) | (64.4) | (13.8) | (110.6) | (64.7) | 207.3 | 47.6 | 460.1 | 457.2 | 301.3 | 402.4 | 325.7 | 390.2 | 373.7 | 305.7 | 263.9 | 223.7 |
| Operating Cash Flow | 1,805.1 | 1,609.8 | 1,207.7 | 1,241.4 | 860.0 | 966.4 | 956.7 | 1,277.1 | 1,118.0 | 1,023.4 | 730.3 | 842.1 | 901.8 | 870.8 | 570.9 | 699.6 | 635.6 | 605.8 | 637.6 | 572.5 | 555.9 | 497.2 |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditure | (2,624.6) | (2,249.2) | (1,846.4) | (1,707.5) | (1,473.5) | (1,326.6) | (1,191.4) | (1,178.2) | (1,408.8) | (1,275.5) | (633.5) | (538.2) | (693.5) | (895.5) | (1,040.6) | (658.6) | (343.4) | (319.1) | 0 | (258.6) | (295.8) | (255.3) |
| Acquisitions | (198.7) | 84.3 | 23.4 | 0 | 1,473.5 | 1,326.6 | 1,191.4 | 1,178.2 | (26.8) | (27.5) | (185.0) | 91.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (1,859.0) | (1,709.5) | (1,681.8) | (1,212.1) | (1,725.5) | (822.6) | (722.2) | (672.2) | (544.5) | (635.7) | (2,962.3) | (1,041.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 1,855.2 | 1,686.1 | 1,679.7 | 1,207.7 | 1,721.0 | 819.5 | 719.0 | 653.0 | 542.2 | 633.4 | 3,143.5 | 951.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 249.7 | 254.7 | 130.8 | 93.8 | (1,382.4) | (1,274.7) | (1,127.8) | (1,173.7) | 9.4 | 53.1 | 52.3 | 4.6 | (23.3) | (7.5) | (79.2) | (63.4) | (27.9) | (20.8) | (344.9) | (25.5) | (8.6) | 2.2 |
| Investing Cash Flow | (2,577.4) | (1,933.6) | (1,694.2) | (1,618.0) | (1,386.9) | (1,277.8) | (1,131.0) | (1,192.8) | (1,428.5) | (1,252.1) | (585.1) | (532.0) | (716.8) | (903.0) | (1,119.8) | (722.0) | (371.3) | (339.9) | (344.9) | (284.1) | (304.4) | (253.1) |
| Financing Activities | ||||||||||||||||||||||
| Net Debt Issuance | 1,131.3 | 397.2 | 898.5 | 774.3 | 870.0 | 735.8 | 530.5 | 244.2 | 641.4 | 499.9 | (245.6) | (140.7) | 117.0 | 17.3 | 697.4 | 137.5 | (43.4) | (90) | (65.6) | (179.1) | (111.7) | (65.1) |
| Stock Repurchased | 0 | 0 | (4.1) | (2.7) | (2.4) | (1.4) | 0.7 | (5.1) | (13.4) | (4.9) | 0 | 0 | 0 | 0 | 0 | (120.7) | (96.5) | (75.5) | (127.2) | (50.4) | 0 | (124.1) |
| Dividends Paid | (422.8) | (394.7) | (386.5) | (378.9) | (369.5) | (350.6) | (329.6) | (308.9) | (289.8) | (274.2) | (186.7) | (166.8) | (157.4) | (137.7) | (129.2) | 0 | (112.3) | (103.8) | (96.2) | (89.6) | (80.9) | (72.1) |
| Other Financing Activities | (18.0) | (21.3) | (21.3) | (21.3) | (21.3) | (22.7) | (22.7) | (22.7) | (22.7) | (22.7) | (20.4) | 9.7 | 6.5 | 2.5 | (1.0) | (4.6) | (12) | (3.6) | (2.9) | (22.2) | (14) | (0.1) |
| Financing Cash Flow | 775.1 | 322.7 | 486.7 | 371.5 | 476.9 | 361.1 | 178.8 | (92.4) | 315.5 | 198.1 | (154.6) | (277.8) | (33.9) | 81.3 | 567.1 | 12.1 | (264.2) | (272.9) | (291.9) | (341.3) | (206.6) | (261.4) |
| Cash Position | ||||||||||||||||||||||
| Net Change in Cash | 2.8 | (1.1) | 0.1 | (5.1) | (50.0) | 49.7 | 4.5 | (8.1) | 5.0 | (30.6) | (9.4) | 32.3 | 151.2 | 49.1 | 18.3 | (10.3) | 0.2 | (7) | 0.8 | (52.8) | 44.8 | (17.4) |
| Cash at Beginning | 3.8 | 5.0 | 4.8 | 10.0 | 60.0 | 10.3 | 5.8 | 13.9 | 8.9 | 39.5 | 163.4 | 131.1 | 77.6 | 28.6 | 10.4 | 20.7 | 20.5 | 27.5 | 26.7 | 79.5 | 34.7 | 52.1 |
| Cash at End | 6.6 | 3.8 | 5.0 | 4.8 | 10.0 | 60.0 | 10.3 | 5.8 | 13.9 | 8.9 | 154.0 | 163.4 | 228.8 | 77.7 | 28.6 | 10.4 | 20.7 | 20.5 | 27.5 | 26.7 | 79.5 | 34.7 |
| Free Cash Flow | (819.5) | (639.4) | (638.7) | (466.0) | (613.5) | (360.2) | (234.7) | 99.0 | (290.7) | (252.1) | 96.8 | 303.8 | 208.4 | (24.7) | (469.7) | 41.0 | 292.2 | 286.7 | 637.6 | 313.9 | 260.1 | 241.9 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 5,339.9 | 5,124.9 | 4,696.0 | 4,324.4 | 3,803.8 | 3,587.0 | 3,471.2 | 3,691.2 | 3,565.3 | 3,498.7 | 3,495.4 | 3,491.6 | 3,454.6 | 3,301.8 | 3,241.4 | 3,263.6 | 3,297.1 | 3,367.1 | 3,523.6 | 3,401.7 | 2,988.0 | 2,899.7 | 2,817.9 | 2,637.3 | 4,551.4 | 3,690.2 | 2,423.4 | 2,130.6 | 1,995.1 | 1,817.8 | 1,669.8 | 1,685.5 | 1,718.5 |
| Gross Profit | 1,356.7 | 2,137.2 | 1,844.6 | 1,708.0 | 1,697.2 | 1,634.7 | 1,487.4 | 1,578.4 | 1,634.9 | 1,491.5 | 1,525.8 | 1,403.8 | 1,434.2 | 1,422.2 | 1,327.6 | 1,272.2 | 1,975.0 | 1,880.8 | 2,088.5 | 2,150.5 | 2,099.7 | 1,940.9 | 1,896.6 | 1,873.4 | 1,898.9 | 1,755.4 | 1,627.3 | 1,593.1 | 1,558.5 | 1,492.3 | 1,400 | 1,384.8 | 1,718.5 |
| Operating Income | 1,118.2 | 1,012.1 | 824.6 | 731.9 | 805.3 | 788.2 | 672.0 | 773.7 | 909.8 | 835.6 | 854.6 | 811.2 | 846.3 | 851.8 | 746.5 | 714.9 | 616.1 | 505.2 | 619.3 | 618.9 | 515.3 | 518.0 | 473.3 | 550.7 | 676.0 | 676.0 | 578.8 | 567.2 | 557.7 | 543.9 | 562.5 | 533.9 | 1,718.5 |
| Net Income | 616.5 | 608.8 | 501.6 | 483.6 | 618.7 | 550.6 | 538.3 | 511.0 | 488.5 | 442.0 | 437.3 | 397.6 | 406.1 | 381.5 | 339.5 | 350.1 | 68.3 | 242.1 | 307.1 | 327.3 | 176.3 | 243.2 | 240.6 | 149.4 | 312.2 | 302.3 | 167.9 | 242.9 | 235.9 | 181.3 | 188 | 200.6 | 189.3 |
| EPS (Diluted) | 5.05 | 5.24 | 4.41 | 4.26 | 5.47 | 4.87 | 4.77 | 4.54 | 4.35 | 3.95 | 3.92 | 3.58 | 3.66 | 3.45 | 3.09 | 3.27 | 0.67 | 2.40 | 3.05 | 3.27 | 1.82 | 2.66 | 2.63 | 1.76 | 3.68 | 3.56 | 1.97 | 2.85 | 2.74 | 2.06 | 2.15 | 2.30 | 2.16 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 6.6 | 3.8 | 5.0 | 4.8 | 10.0 | 60.0 | 10.3 | 5.8 | 13.9 | 8.9 | 145.4 | 105.2 | 163.4 | 228.8 | 77.7 | 28.6 | 10.4 | 20.7 | 20.5 | 27.5 | 26.7 | 79.5 | 34.7 | ||||||||||
| Total Assets | 31,682.7 | 26,102.8 | 24,661.2 | 22,723.4 | 22,003.2 | 20,020.4 | 18,479.2 | 17,664.2 | 17,019.1 | 16,004.3 | 11,808.2 | 11,620.1 | 9,896.7 | 9,536.4 | 8,425.8 | 7,981.7 | 7,149.2 | 6,608.5 | 6,824.7 | 6,850.4 | 6,989.3 | 6,997.1 | 6,909.8 | ||||||||||
| Total Debt | 17,848.0 | 11,048.3 | 10,303.2 | 8,877.1 | 8,184.6 | 6,919.4 | 5,811.8 | 5,214.6 | 4,967.1 | 4,324.0 | 3,801.9 | 3,879.7 | 3,273.2 | 3,409.3 | 3,264.9 | 3,205.0 | 2,501.3 | 2,359.2 | 2,395.8 | 2,483.7 | 2,545.3 | 2,697.3 | 2,798.5 | ||||||||||
| Stockholders' Equity | 7,046.5 | 6,754.3 | 6,177.7 | 6,048.6 | 5,906.2 | 5,633.5 | 5,430.6 | 5,222.9 | 5,006.7 | 4,803.6 | 3,316.1 | 3,446.0 | 2,950.2 | 2,829.8 | 2,686.2 | 2,499.3 | 2,382.7 | 2,205.7 | 2,258.6 | 2,198.6 | 2,189 | 2,149.7 | 2,045 | ||||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,805.1 | 1,609.8 | 1,207.7 | 1,241.4 | 860.0 | 966.4 | 956.7 | 1,277.1 | 1,118.0 | 1,023.4 | 730.3 | 842.1 | 901.8 | 870.8 | 570.9 | 699.6 | 635.6 | 605.8 | 637.6 | 572.5 | 555.9 | 497.2 | |||||||||||
| Capital Expenditure | (2,624.6) | (2,249.2) | (1,846.4) | (1,707.5) | (1,473.5) | (1,326.6) | (1,191.4) | (1,178.2) | (1,408.8) | (1,275.5) | (633.5) | (538.2) | (693.5) | (895.5) | (1,040.6) | (658.6) | (343.4) | (319.1) | 0 | (258.6) | (295.8) | (255.3) | |||||||||||
| Free Cash Flow | (819.5) | (639.4) | (638.7) | (466.0) | (613.5) | (360.2) | (234.7) | 99.0 | (290.7) | (252.1) | 96.8 | 303.8 | 208.4 | (24.7) | (469.7) | 41.0 | 292.2 | 286.7 | 637.6 | 313.9 | 260.1 | 241.9 | |||||||||||