Portland General Electric Company logo POR - Portland General Electric Company

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 6
HOLD 15
SELL 2
STRONG
SELL 0
| PRICE TARGET: $54.75 DETAILS
HIGH: $58.00
LOW: $51.00
MEDIAN: $55.00
CONSENSUS: $54.75
UPSIDE: 3.85%
Annual Quarterly
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 879 840 952 807 928 824 929 758 929 725 802 648 748 687 743 591 626 608 642 537 609 556 547 469 573 548 542 460 573 524 525 449 493 515 515 449 530 524 484 428 487 499 476 450 473 500 484 423 493 499 435 403 473 463 450 413 479 479 439 411 484 455 464 415 449 485 445 389 485 449 400 425 471 470 435 402 436 416 372 351 381 387 355 333 371 379 348 332 395 377 494 410 471 494 458 553 540 545 905 831 766 698 728 430 0
Cost of Revenue 361 557 484 408 478 457 511 382 504 375 471 321 397 371 420 253 292 283 339 261 249 232 357 186 226 247 243 191 256 231 258 175 199 223 257 199 222 249 249 190 215 245 245 214 223 261 262 209 238 275 244 272 243 251 231 207 248 269 232 224 236 263 245 232 263 331 267 227 297 226 217 185 250 259 242 175 203 190 198 143 232 579 30 34 28 31 31 36 29 31 28 30 28 30 28 32 28 39 29 36 24 36 31 33 26
Gross Profit 518 283 468 399 450 367 418 376 425 350 331 327 351 316 323 338 334 325 303 276 360 324 190 283 347 301 299 269 317 293 267 274 294 292 258 250 308 275 235 238 272 254 231 236 250 239 222 214 255 224 191 131 230 212 219 206 231 210 207 187 248 192 219 183 186 154 178 162 188 223 183 240 221 211 193 227 233 226 174 208 149 (192) 325 299 343 348 317 296 366 346 466 380 443 464 430 521 512 506 876 795 742 662 697 397 (26)
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 106 101 99 96 96 106 100 95 93 79 87 91 78 72 83 83 88 92 82 80 87 77 64 75 72 69 75 79 72 89 61 71 71 73 63 64 67 62 63 61 61 62 59 60 60 63 54 56 54 61 49 55 54 56 50 56 54 60 55 51 52 46 47 48 45 45 43 46 45 48 48 47 47 48 46 45 45 45 40 45 34 41 42 47 38 43 35 35 35 39 37 36 36 43 33 33 38 56 30 37 28 32 36 34 35
Other Expenses 305 51 195 185 186 173 172 165 170 158 159 155 156 157 148 143 140 132 138 135 140 166 142 137 142 135 136 133 134 129 115 123 123 110 117 117 117 107 108 113 112 108 104 104 105 104 103 100 103 86 89 0 0 0 0 89 89 81 84 79 81 87 82 78 80 71 73 71 80 118 114 117 111 108 102 103 98 109 108 104 113 (284) 247 220 252 261 262 223 283 264 410 316 373 394 373 455 423 420 835 715 664 569 608 322 285
Operating Expenses 411 152 294 281 282 279 272 260 263 237 246 246 234 229 231 226 228 224 220 215 227 243 206 212 214 204 211 212 206 218 176 194 194 183 180 181 184 169 171 174 173 170 163 164 165 167 157 156 157 147 138 138 140 133 136 145 143 141 139 130 133 133 129 126 125 116 116 117 125 166 162 164 158 156 148 148 143 154 148 149 147 (243) 289 267 290 304 297 258 318 303 447 352 409 437 406 488 461 476 865 752 692 601 644 356 320
Operating Income
Operating Income 107 131 174 118 168 88 146 116 162 113 85 81 117 87 92 112 106 101 83 61 133 81 (16) 71 133 97 88 57 111 75 91 80 100 109 78 69 124 106 64 64 99 84 68 72 85 72 65 58 98 77 53 (11) 87 71 82 61 88 69 68 57 115 59 90 57 61 38 62 45 63 57 21 76 63 55 45 79 90 72 26 59 2 51 36 32 53 44 20 38 48 43 19 28 34 27 24 33 51 30 11 43 50 61 53 41 51
Interest Expense 60 59 60 57 56 55 53 52 51 46 42 41 44 41 39 38 38 37 33 33 34 34 35 34 33 33 32 31 32 31 31 31 31 30 30 30 30 30 28 27 27 28 28 28 30 25 23 23 25 26 25 25 25 26 27 27 28 28 27 28 27 28 27 26 29 28 25 26 25 90 21 23 23 0 0 0 0 0 0 0 0 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 0 0 0 0
Profitability
EBITDA 258 250 331 270 318 218 274 240 285 247 203 196 230 205 201 216 206 197 189 161 235 213 91 174 240 199 190 157 211 170 175 172 190 190 165 155 208 183 143 147 181 162 144 148 160 92 141 131 173 84 115 51 149 76 145 125 154 130 124 114 174 128 156 115 123 91 125 105 119 111 75 126 113 102 81 99 109 126 75 94 56 109 93 90 113 103 78 95 107 96 71 81 89 68 63 72 93 85 40 88 91 109 92 79 (307)
EBIT 114 99 183 131 178 91 148 118 164 129 87 83 119 98 93 113 107 98 88 60 132 79 (17) 70 132 95 87 56 110 69 79 79 98 102 78 69 124 106 64 64 99 84 68 72 85 72 65 58 98 77 53 (11) 87 71 82 62 92 73 65 59 118 63 97 58 66 40 72 55 62 57 21 76 63 55 45 79 90 72 26 59 381 51 36 32 53 44 20 38 48 43 19 28 34 27 24 33 51 30 11 43 50 61 53 41 (346)
Income Before Tax 54 40 123 74 122 44 105 79 122 83 53 49 88 54 70 77 71 71 55 36 105 56 (44) 44 99 68 61 28 84 43 62 52 72 82 53 42 96 79 40 46 78 63 44 50 60 58 54 45 78 58 35 (33) 65 49 56 35 64 45 38 31 91 35 70 32 37 12 47 29 37 28 (1) 56 39 36 32 69 82 56 16 45 (11) 37 17 16 37 31 5 21 32 28 (8) 12 18 2 6 13 35 (65) (7) 29 30 51 30 25 38
Income Tax Expense 9 (1) 20 12 22 6 11 7 13 15 6 10 14 3 12 13 11 5 5 4 9 4 (27) 5 18 7 6 3 11 (6) 9 6 8 40 13 10 23 18 6 9 17 12 8 15 10 15 16 10 20 11 4 (11) 17 21 19 9 15 16 11 9 22 13 22 8 10 4 16 3 13 8 (1) 17 11 12 12 23 27 16 6 18 (5) 46 (2) 0 (1) 3 (5) (1) 0 0 (4) (1) (1) (4) (2) (3) (1) (32) (2) 0 (2) 6 (2) 0 (1)
Net Income 45 41 103 62 100 38 94 72 109 68 47 39 74 51 58 64 60 66 50 32 96 52 (17) 39 81 61 55 25 73 49 53 46 64 42 40 32 73 61 34 37 61 51 36 35 50 43 39 35 58 47 31 (22) 49 28 38 26 49 29 27 22 69 25 49 24 27 8 32 22 24 20 0 39 28 24 20 46 55 40 10 27 (6) (9) 19 16 38 28 10 22 32 28 (4) 13 20 6 7 16 35 (33) (5) 29 42 45 31 25 38
Per Share Data
EPS (Basic) 0.41 0.35 0.94 0.56 0.91 0.35 0.91 0.70 1.08 0.67 0.47 0.39 0.81 0.57 0.65 0.72 0.67 0.74 0.56 0.36 1.07 0.58 -0.19 0.44 0.91 0.68 0.61 0.28 0.82 0.55 0.59 0.51 0.72 0.48 0.44 0.36 0.82 0.68 0.38 0.42 0.68 0.57 0.40 0.44 0.64 0.57 0.48 0.44 0.74 0.59 0.40 -0.29 0.65 0.37 0.50 0.34 0.65 0.38 0.36 0.29 0.92 0.33 0.65 0.32 0.36 0.11 0.43 0.31 0.37 0.31 – 0.63 0.44 0.38 0.32 0.73 0.88 0.64 0.16 0.43 -0.10 -0.14 0.30 0.26 0.61 0.45 0.16 0.35 0.51 0.45 -0.06 0.21 0.32 0.10 0.11 0.26 0.56 -0.53 -0.10 0.46 0.67 0.72 0.50 0.40 0.61
EPS (Diluted) 0.41 0.35 0.94 0.56 0.91 0.35 0.90 0.70 1.08 0.67 0.46 0.39 0.80 0.57 0.65 0.72 0.67 0.74 0.56 0.36 1.07 0.58 -0.19 0.43 0.91 0.68 0.61 0.28 0.82 0.55 0.59 0.51 0.72 0.48 0.44 0.36 0.82 0.68 0.38 0.42 0.68 0.57 0.40 0.44 0.62 0.55 0.47 0.43 0.73 0.59 0.40 -0.29 0.65 0.37 0.50 0.34 0.65 0.38 0.36 0.29 0.92 0.33 0.65 0.32 0.36 0.11 0.43 0.31 0.37 0.31 – 0.63 0.44 0.38 0.32 0.73 0.88 0.64 0.16 0.43 -0.10 -0.14 0.30 0.26 0.61 0.45 0.16 0.35 0.50 0.45 -0.06 0.20 0.32 0.10 0.11 0.25 0.55 -0.53 -0.09 0.46 0.66 0.72 0.49 0.39 0.60
Shares Outstanding 110.5 115.6 110.2 109.5 109.4 109.3 103.8 103.0 101.3 101.2 100.8 97.1 91.8 89.3 89.3 89.2 89.4 89.4 89.4 89.6 89.6 89.5 89.5 89.5 89.4 89.4 89.4 89.4 89.3 89.2 89.2 89.2 89.2 89.1 89.1 89.1 89.0 88.9 88.9 88.9 88.8 88.8 88.8 80.7 78.3 78.2 78.2 78.2 79.0 78.1 77.6 75.9 75.6 75.5 75.5 75.5 75.4 75.3 75.3 75.3 75.3 75.3 75.3 75.3 75.2 75.2 75.2 75.1 65.5 62.6 62.6 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5 62.5
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Current Assets
Cash & Cash Equivalents 8 76 137 56 11 12 35 6 176 5 47 13 12 165 18 91 110 52 294 17 135 257 253 303 30 30 11 11 89 119 200 48 70 39 89 33 31 6 88 93 4 4 92 122 27 127 97 97 64 107 91 119 33 12 156 74 8 6 97 72 27 4 7 63 52 31 46 58 47 10 5 202 51 73 60 42 5 12 50 69 13 122 225 260 316 204 199 206 171 109 148 155 52 51 41 39 48 8 2 1 9 60 5 5 1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 77 89 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 405 460 455 397 473 456 459 385 412 414 364 310 362 398 345 289 303 329 273 274 268 271 250 204 233 253 234 222 297 289 262 248 229 274 222 207 233 262 200 194 207 253 205 209 204 242 229 195 235 250 204 210 220 249 204 203 235 245 208 202 231 230 200 195 221 254 203 213 245 168 142 151 233 270 236 229 266 265 225 198 236 281 51 49 244 250 257 245 282 295 230 212 213 325 233 244 260 272 341 332 340 287 244 171 155
Inventory 130 124 124 123 111 114 115 117 114 113 109 108 95 95 91 96 72 78 75 74 67 72 86 109 97 96 91 101 81 84 76 85 80 78 70 82 77 82 82 87 82 83 94 101 95 82 84 85 64 65 72 72 77 78 78 80 81 71 69 61 56 56 57 62 53 58 72 75 72 71 69 72 60 64 63 65 62 64 64 63 52 54 49 50 46 48 49 46 43 45 47 45 41 45 46 49 45 44 44 40 36 31 31 34 34
Other Current Assets 358 316 282 240 260 362 296 257 271 335 159 189 208 483 258 271 299 163 213 188 84 64 87 83 81 58 52 71 69 97 62 74 97 85 58 56 86 65 78 103 189 174 190 182 200 209 107 104 133 131 173 193 183 246 346 371 456 394 366 316 375 371 486 288 379 347 444 546 576 590 411 643 334 131 164 129 148 186 164 132 165 283 653 317 213 77 124 116 93 66 107 141 152 80 182 278 272 373 329 497 363 339 112 216 55
Total Current Assets 1,010 1,072 1,059 890 974 1,025 950 848 1,082 935 724 676 766 1,210 750 802 876 688 899 604 622 721 720 736 505 500 416 440 596 643 631 493 532 526 466 412 485 463 476 512 537 557 605 646 584 699 542 513 549 591 565 627 564 622 784 728 780 716 740 651 689 661 750 685 794 690 765 892 940 768 627 1,068 678 538 523 465 481 527 503 462 466 740 1,094 777 935 692 741 709 700 612 641 646 563 591 602 691 717 747 801 936 821 778 461 475 299
Non-Current Assets
Property, Plant & Equipment 11,103 10,930 10,804 10,645 10,534 10,296 10,075 9,873 9,663 9,189 9,078 8,841 8,611 8,179 8,292 8,164 8,062 7,682 7,773 7,693 7,616 7,218 7,371 7,301 7,217 6,820 7,066 6,992 6,788 6,474 6,782 6,840 6,781 6,430 6,638 6,573 6,466 6,119 6,340 6,284 6,160 5,683 5,920 5,874 5,789 5,392 5,553 5,324 5,009 4,664 4,659 4,532 4,449 4,392 4,351 4,317 4,288 4,285 4,255 4,227 4,179 4,133 4,114 4,052 3,964 3,858 3,800 3,662 3,440 3,301 3,236 3,188 3,147 3,066 3,006 2,892 2,763 2,718 2,654 2,611 2,547 2,436 2,393 2,362 2,309 2,275 2,257 2,230 2,209 2,201 1,958 1,958 1,958 1,938 1,930 1,930 1,908 1,953 1,940 1,927 1,903 1,891 1,860 1,871 1,860
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 366 0 0 0 361 0 0 0 375 0 0 0 308 0 0 0 348 0 0 0 365 0 0 0 392 0 0 0 413 0 0 0 311 0 0 0 315 0 0 0 329 0 0 0 287 0 0 0 216 0 0 0 0 0 0 235 0 208 0 231 0 200 195 221 0 203 213 245 206 0 0 0 0 0 0 0 0 0 0 0 281 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 75 43 44 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38 69 71 72 73 73 78 78 78 77 75 79 97 97 92 87 92 0 0 0 0 0 0 0 0 0 0 0 (296) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 90 91 91
Other Non-Current Assets 1,016 1,103 1,151 1,146 1,187 862 856 861 843 709 801 853 774 762 807 817 785 776 870 802 831 765 778 768 748 682 672 565 564 580 562 576 579 571 655 668 661 630 639 650 647 641 672 678 718 664 562 562 611 630 667 637 648 618 553 58 61 659 62 66 77 619 72 68 67 527 56 53 41 748 612 438 444 130 559 537 515 522 482 481 451 462 285 370 368 421 446 476 513 551 584 561 577 718 684 726 772 774 843 726 729 783 714 909 927
Total Non-Current Assets 12,194 12,442 11,955 11,791 11,721 11,519 10,931 10,734 10,506 10,273 9,879 9,694 9,385 9,249 9,099 8,981 8,847 8,806 8,643 8,495 8,447 8,348 8,149 8,069 7,965 7,894 7,738 7,557 7,352 7,467 7,344 7,416 7,360 7,312 7,293 7,241 7,127 7,064 6,979 6,934 6,807 6,664 6,592 6,552 6,507 6,343 6,115 5,886 5,620 5,510 5,326 5,169 5,097 5,048 4,973 4,974 5,009 5,017 4,871 4,852 4,846 4,830 4,867 4,719 4,642 4,482 4,487 4,392 4,247 4,255 3,848 3,626 3,591 3,570 3,565 3,429 3,278 3,240 3,162 3,094 3,000 2,898 2,784 2,768 2,728 2,711 2,721 2,725 2,735 2,760 2,544 2,525 2,539 2,659 2,625 2,665 2,689 2,727 2,789 2,671 2,669 2,674 2,664 2,871 2,878
Total Assets 13,204 13,514 13,014 12,681 12,695 12,544 11,881 11,582 11,588 11,208 10,603 10,370 10,151 10,459 9,849 9,783 9,723 9,494 9,542 9,099 9,069 9,069 8,869 8,805 8,470 8,394 8,154 7,997 7,948 8,110 7,975 7,909 7,892 7,838 7,759 7,653 7,612 7,527 7,455 7,446 7,344 7,221 7,197 7,198 7,091 7,042 6,657 6,399 6,169 6,101 5,891 5,796 5,661 5,670 5,757 5,702 5,789 5,733 5,611 5,503 5,535 5,491 5,617 5,404 5,436 5,172 5,252 5,284 5,187 5,023 4,475 4,694 4,269 4,108 4,088 3,894 3,759 3,767 3,665 3,556 3,466 3,638 3,878 3,545 3,663 3,403 3,462 3,434 3,435 3,372 3,185 3,171 3,102 3,250 3,227 3,356 3,406 3,474 3,590 3,607 3,490 3,452 3,125 3,346 3,177
Current Liabilities
Account Payables 277 330 276 267 281 365 351 259 289 347 187 227 242 457 287 191 169 244 201 196 199 153 139 134 128 165 128 119 136 168 110 103 97 132 100 90 92 129 112 114 98 98 96 125 137 156 157 181 147 173 99 107 77 98 76 66 80 111 172 167 0 102 0 0 0 0 206 186 256 217 194 170 273 227 215 245 208 212 201 163 203 260 0 0 0 0 0 0 0 230 233 179 194 244 209 193 208 250 293 274 225 286 251 176 144
Short-Term Debt 9 53 68 68 68 170 80 80 80 226 0 140 68 260 40 0 0 0 0 220 220 310 385 290 160 0 50 17 300 304 300 300 0 0 100 150 150 150 0 0 0 139 0 55 322 375 70 70 70 0 0 50 100 117 200 150 100 130 0 0 0 29 20 0 37 0 186 186 149 345 0 142 0 0 0 0 95 147 67 55 51 11 162 78 98 48 50 78 68 61 61 56 158 196 416 441 333 352 333 281 281 207 145 145 135
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 0 529 0 0 0 445 0 0 0 0 0 0 0 151 0 0 0 0 0 0 0 22 5 5 7 53 150 48 68 18 21 22 12 5 5 7 5 5 5 5 5 29 9 9 213 23 56 38 45
Other Current Liabilities 167 460 439 433 436 402 386 383 385 402 282 283 323 658 533 606 620 404 510 346 248 232 278 239 239 231 209 141 143 224 198 195 214 213 200 195 225 221 251 258 328 313 285 261 271 265 168 141 160 151 204 211 200 241 251 305 242 328 216 190 447 213 500 424 498 620 355 392 434 (158) 0 0 0 0 0 0 0 0 0 0 0 0 288 94 134 53 80 80 70 52 48 71 77 81 100 177 174 239 250 370 257 266 51 161 14
Total Current Liabilities 929 993 985 913 922 1,119 972 850 885 1,112 636 761 751 1,496 990 920 931 768 867 856 774 815 924 769 632 519 514 440 731 791 703 679 393 432 491 512 548 577 448 442 508 626 465 509 809 873 482 457 451 393 380 435 460 521 648 566 588 614 511 423 447 489 520 424 535 620 747 764 839 1,047 721 794 489 391 436 413 497 562 494 406 442 563 712 381 507 339 404 395 428 414 419 367 497 559 783 839 744 870 915 962 792 782 503 520 338
Non-Current Liabilities
Long-Term Debt 4,658 4,939 4,662 4,663 4,663 4,386 4,354 4,353 4,353 3,905 3,786 3,486 3,485 3,386 3,286 3,286 3,286 3,285 3,285 2,887 2,886 2,886 2,657 2,676 2,478 2,597 2,328 2,377 2,178 2,178 2,127 2,126 2,426 2,426 2,277 2,200 2,200 2,200 2,325 2,324 2,199 2,060 2,204 2,204 2,134 2,126 2,251 2,071 1,846 1,916 1,761 1,686 1,536 1,536 1,536 1,586 1,635 100 1,798 1,798 1,798 10 1,808 1,808 1,750 1,744 1,408 1,408 1,287 1,164 1,164 1,164 1,256 1,313 1,238 1,108 943 937 937 952 879 879 881 884 889 892 894 914 925 927 990 1,015 824 827 579 622 766 769 776 778 781 798 800 846 848
Deferred Tax Liabilities 623 1,079 767 671 654 625 552 540 534 488 445 452 447 439 435 432 422 413 419 402 391 374 378 385 385 378 378 379 380 369 372 378 378 376 701 685 682 669 644 649 646 632 664 648 636 625 626 613 605 586 565 571 586 588 598 573 557 529 480 483 469 445 499 447 426 356 408 414 327 438 342 138 234 279 279 264 253 258 271 247 257 228 216 269 271 321 343 343 355 365 370 376 384 403 403 400 390 362 407 370 380 392 379 375 385
Other Non-Current Liabilities 2,615 1,830 2,384 2,312 2,339 2,090 2,094 2,072 2,072 2,095 2,150 2,179 2,063 2,047 2,082 2,110 2,076 2,026 2,171 2,166 2,215 2,216 2,184 2,197 2,204 2,131 2,190 2,087 2,073 2,219 2,287 2,261 2,246 2,515 1,888 1,864 1,795 2,406 1,676 2,325 2,295 4,204 2,296 2,264 2,209 1,507 2,035 1,999 2,015 1,386 1,957 1,913 1,907 1,295 1,256 1,276 1,314 2,337 733 827 837 2,499 822 805 708 16 (1,408) 1,067 644 (1,602) (1,506) (1,302) (1,490) 809 (1,517) (1,372) (1,196) (1,195) (1,208) (1,199) (1,136) (1,107) 863 681 232 579 222 226 229 482 251 230 224 305 314 327 352 352 339 338 386 351 338 511 517
Total Non-Current Liabilities 8,155 8,388 8,079 7,916 7,929 7,631 7,279 7,248 7,244 6,777 6,672 6,409 6,288 6,184 6,099 6,125 6,083 6,019 6,000 5,582 5,620 5,641 5,350 5,390 5,200 5,284 5,076 5,015 4,669 4,813 4,786 4,765 5,050 4,990 4,866 4,749 4,677 4,606 4,697 4,701 4,545 4,337 4,500 4,468 4,343 4,258 4,286 4,070 3,861 3,888 3,718 3,599 3,443 3,419 3,390 3,435 3,506 3,453 3,444 3,432 3,443 3,403 3,512 3,423 3,349 3,009 2,951 2,976 2,811 2,646 2,400 2,545 2,450 2,401 2,349 2,184 1,997 1,981 1,973 1,948 1,835 1,878 1,960 1,834 1,840 1,792 1,810 1,797 1,788 1,774 1,611 1,645 1,459 1,562 1,323 1,376 1,537 1,512 1,551 1,515 1,577 1,571 1,547 1,762 1,780
Total Liabilities 9,084 9,381 9,064 8,829 8,851 8,750 8,251 8,098 8,129 7,889 7,308 7,170 7,039 7,680 7,089 7,045 7,014 6,787 6,867 6,438 6,394 6,456 6,274 6,159 5,832 5,803 5,590 5,455 5,400 5,604 5,489 5,444 5,443 5,422 5,357 5,261 5,225 5,183 5,145 5,143 5,053 4,963 4,965 4,977 5,152 5,131 4,768 4,527 4,312 4,281 4,098 4,034 3,903 3,940 4,038 4,001 4,094 4,067 3,955 3,855 3,890 3,892 4,032 3,847 3,884 3,629 3,696 3,740 3,650 3,669 3,121 3,339 2,939 2,792 2,785 2,597 2,494 2,543 2,467 2,354 2,277 2,441 2,672 2,215 2,347 2,131 2,214 2,192 2,216 2,188 2,030 2,012 1,956 2,121 2,106 2,215 2,281 2,382 2,466 2,477 2,369 2,353 2,050 2,282 2,118
Stockholders' Equity
Common Stock 2,386 2,382 2,179 2,127 2,123 2,118 1,938 1,833 1,828 1,750 1,744 1,647 1,548 1,249 1,245 1,241 1,236 1,241 1,237 1,235 1,233 1,231 1,226 1,224 1,220 1,220 1,217 1,215 1,212 1,212 1,209 1,208 1,206 1,207 1,204 1,203 1,200 1,201 1,199 1,198 1,195 1,196 1,193 1,191 918 918 916 914 912 911 910 889 841 841 0 0 0 836 833 832 832 831 830 830 829 0 829 830 829 0 0 0 0 0 0 0 0 643 0 0 642 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160
Retained Earnings 1,738 1,755 1,774 1,729 1,725 1,680 1,697 1,655 1,635 1,574 1,554 1,556 1,568 1,534 1,524 1,506 1,483 1,476 1,448 1,437 1,453 1,393 1,378 1,431 1,427 1,381 1,354 1,334 1,344 1,301 1,285 1,265 1,251 1,217 1,205 1,196 1,195 1,150 1,118 1,113 1,104 1,070 1,046 1,037 1,028 1,000 978 962 949 913 888 878 922 893 885 867 862 833 825 818 815 766 760 731 727 719 730 717 713 700 696 711 687 674 664 659 628 587 561 565 552 558 560 691 675 637 609 599 577 545 517 521 508 488 482 502 486 451 484 490 481 459 435 424 419
Accumulated Other Comprehensive Income (4) (4) (3) (4) (4) (4) (5) (4) (4) (5) (3) (3) (4) (4) (9) (9) (10) (10) (10) (11) (11) (11) (9) (9) (9) (10) (7) (7) (8) (7) (8) (8) (8) (8) (7) (7) (8) (7) (7) (8) (8) (8) (7) (7) (7) (7) (5) (5) (5) (5) (6) (6) (6) (6) (6) (6) (6) (6) (5) (5) (5) (5) (5) (5) (5) (6) (5) (5) (5) (5) (4) (4) (4) (4) (6) (6) (6) (6) (5) (5) (5) (3) 4 (3) (1,734) (6) (2) 2 1 (2) (3) (3) (3) (1,768) (2) (2) (2) (2) (1,635) (12) 31 (1,532) (1,507) (1,486) (1,461)
Total Stockholders' Equity 4,120 4,133 3,950 3,852 3,844 3,794 3,630 3,484 3,459 3,319 3,295 3,200 3,112 2,779 2,760 2,738 2,709 2,707 2,675 2,661 2,675 2,613 2,595 2,646 2,638 2,591 2,564 2,542 2,548 2,506 2,486 2,465 2,449 2,416 2,402 2,392 2,387 2,344 2,310 2,303 2,291 2,258 2,232 2,221 1,939 1,911 1,889 1,871 1,856 1,819 1,792 1,761 1,757 1,728 1,717 1,698 1,692 1,663 1,653 1,645 1,642 1,592 1,585 1,556 1,552 1,542 1,554 1,542 1,537 1,354 1,354 1,355 1,330 1,316 1,303 1,297 1,265 1,224 1,198 1,202 1,189 1,197 1,206 1,330 1,316 1,272 1,248 1,242 1,219 1,184 1,155 1,159 1,146 1,129 1,121 1,141 1,125 1,092 1,124 1,130 1,121 1,099 1,075 1,064 1,059
Total Liabilities & Equity 13,204 13,514 13,014 12,681 12,695 12,544 11,881 11,582 11,588 11,208 10,603 10,370 10,151 10,459 9,849 9,783 9,723 9,494 9,542 9,099 9,069 9,069 8,869 8,805 8,470 8,394 8,154 7,997 7,948 8,110 7,975 7,909 7,892 7,838 7,759 7,653 7,612 7,527 7,455 7,446 7,344 7,221 7,197 7,198 7,091 7,042 6,657 6,399 6,169 6,101 5,891 5,796 5,661 5,670 5,757 5,702 5,789 5,733 5,611 5,503 5,535 5,491 5,617 5,404 5,436 5,172 5,252 5,284 5,187 5,023 4,475 4,694 4,269 4,108 4,088 3,894 3,759 3,767 3,665 3,556 3,466 3,638 3,878 3,545 3,663 3,403 3,462 3,434 3,435 3,372 3,185 3,171 3,102 3,250 3,227 3,356 3,406 3,474 3,590 3,607 3,490 3,452 3,125 3,346 3,177
Debt Metrics
Total Debt 4,953 5,532 5,023 5,028 5,031 5,171 4,739 4,740 4,741 4,459 4,097 3,938 3,866 3,982 3,643 3,604 3,607 3,604 3,426 3,250 3,250 3,385 3,189 3,114 2,787 2,799 2,583 2,588 2,521 2,531 2,427 2,426 2,426 2,426 2,377 2,350 2,350 2,350 2,377 2,376 2,250 2,199 2,204 2,259 2,456 2,501 2,321 2,141 1,916 1,916 1,761 1,736 1,636 1,653 1,736 1,736 1,735 1,765 1,798 1,798 1,798 1,827 1,828 1,808 1,787 1,744 1,594 1,594 1,436 1,509 1,164 1,306 1,256 1,313 1,238 1,108 1,038 1,084 1,004 1,007 930 890 1,043 962 987 940 944 992 993 988 1,051 1,071 982 1,023 995 1,063 1,099 1,121 1,109 1,059 1,062 1,005 945 991 983
Net Debt 4,945 5,456 4,886 4,972 5,020 5,159 4,704 4,734 4,565 4,454 4,050 3,925 3,854 3,817 3,625 3,513 3,497 3,552 3,132 3,233 3,115 3,128 2,936 2,811 2,757 2,769 2,572 2,577 2,432 2,412 2,227 2,378 2,356 2,387 2,288 2,317 2,319 2,344 2,289 2,283 2,246 2,195 2,112 2,137 2,429 2,374 2,224 2,044 1,852 1,809 1,670 1,617 1,603 1,641 1,580 1,662 1,727 1,759 1,701 1,726 1,771 1,823 1,821 1,745 1,735 1,713 1,548 1,536 1,389 1,499 1,159 1,104 1,205 1,240 1,178 1,066 1,033 1,072 954 938 917 768 818 702 671 736 745 786 822 879 903 916 930 972 954 1,024 1,051 1,113 1,107 1,058 1,053 945 940 986 982
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Operating Activities
Net Income 45 41 103 62 100 38 94 72 109 68 47 39 74 51 58 64 60 66 50 32 96 52 (17) 39 81 61 55 25 73 49 53 46 64 42 40 32 73 61 34 37 61 51 36 35 50 43 38 35 58 47 31 (22) 48 28 38 26 49 29 27 22 69 22 48 24 27 8 31 26 24 20 (1) 39 28 24 20 46 55 40 10 27 (6) (9) 19 16 38 28 10 22 32 28 (4) 13 21 6 8 16 36 (33) (5) 29 43 45 32 25 39
Depreciation & Amortization 144 151 148 139 140 127 126 122 121 118 116 113 111 107 108 103 99 99 101 101 103 134 108 104 108 104 103 101 101 101 96 93 92 88 87 86 84 77 79 83 82 78 76 76 75 77 76 73 75 62 62 62 62 60 63 63 62 57 59 55 56 65 59 57 57 51 53 50 57 0 54 43 50 0 0 0 45 0 0 0 57 (175) 57 58 60 59 58 57 59 53 52 53 55 41 39 39 42 55 29 45 41 48 39 38 39
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 0 0 0 6 0 0 0 4 0 0 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 43 (108) (4) 124 (50) (112) 5 (18) 1 (149) (4) 14 (235) (27) (52) 12 57 (172) 155 (36) (7) (47) 18 36 (48) (128) 24 23 (31) (62) 33 (9) 8 (95) 40 35 (6) (104) 46 5 15 (72) 71 (3) 47 34 57 (33) (32) (9) 26 44 (11) (192) 61 39 (43) (51) 15 47 (16) (18) (10) 69 (24) (51) 70 111 (53) (119) (213) 134 22 (28) 19 (3) 46 (72) (17) (3) (84) (78) 104 (27) 93 (28) 2 9 (4) (24) 23 (4) 5 (14) 44 24 19 (43) (95) (115) (39) 90 (2) 11 (14)
Other Non-Cash Items 22 66 142 6 21 112 28 23 (93) 41 38 14 7 (28) 9 18 29 (57) (11) 4 (23) (5) (5) 25 7 4 9 12 4 25 20 14 24 8 4 7 2 3 2 39 (18) 21 (5) (16) (59) (133) (22) 54 29 (34) 51 29 38 172 (88) 22 67 32 39 92 12 188 (163) 33 (110) 80 (5) (4) 1 47 28 23 7 55 49 23 8 33 73 52 (45) 15 7 (1) (7) 11 20 3 15 (12) 23 15 8 (14) 13 (2) (54) 107 63 (104) (14) 40 (1) (9) 12
Operating Cash Flow 268 148 403 336 231 170 244 189 175 89 188 182 (39) 100 123 202 249 (50) 306 108 168 125 86 201 155 44 188 158 156 94 198 144 194 78 186 163 170 56 159 177 161 78 191 114 134 45 171 144 158 85 180 114 165 44 183 157 110 54 120 133 146 74 71 178 68 9 157 180 40 (39) (146) 251 117 53 90 79 122 (2) 62 66 (20) (30) 202 32 168 63 89 89 99 70 86 70 81 27 107 88 76 46 0 (145) 32 223 65 60 76
Investing Activities
Capital Expenditure (259) (290) (303) (237) (359) (392) (253) (298) (325) (427) (358) (299) (274) (225) (196) (178) (167) (150) (160) (173) (153) (235) (179) (208) (162) (199) (136) (121) (150) (194) (135) (135) (131) (145) (124) (131) (114) (130) (135) (188) (131) (146) (139) (135) (178) (183) (323) (316) (185) (203) (193) (152) (108) (85) (81) (68) (69) (85) (77) (69) (69) (66) (120) (172) (92) (152) (149) (304) (91) (102) (75) (135) (71) (104) (192) (92) (67) (102) (58) (81) (130) (67) (60) (76) (52) (63) (49) (46) (36) (68) (30) (35) (34) (48) (42) (45) (30) (57) (43) (54) (49) (64) (32) (46) (31)
Acquisitions 0 0 0 0 0 0 0 0 0 (2) 0 0 2 0 1 0 12 4 160 173 0 235 179 208 0 0 136 121 0 194 135 135 0 0 124 131 0 130 135 188 0 146 0 135 0 183 323 316 4 203 193 152 0 85 0 68 10 0 77 69 69 0 120 172 0 152 149 304 91 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (3) 0 (6) (1) (2) (4) 0 (4) 0 2 (1) 0 0 0 0 (1) (2) (4) (1) (2) (3) (1) (2) (1) (2) 0 (3) (3) (2) (3) (4) (2) (3) (6) (3) (4) (5) (9) (5) (5) (6) (9) (3) (2) (5) (4) (5) (4) (6) (5) (6) (6) (9) (7) (6) (6) (7) (9) (10) (12) (19) (21) (8) (5) (12) (5) (14) (10) (7) 1 (8) 0 (6) 0 0 0 (7) 0 0 0 (11) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 3 0 0 0 0 0 0 0 0 (1) 1 0 0 (3) 0 1 2 4 1 4 3 3 2 1 3 2 4 3 4 4 5 3 3 7 3 4 7 10 6 5 6 11 4 3 4 4 4 3 6 5 6 6 8 5 5 6 7 7 10 11 18 42 9 5 13 6 13 10 7 (10) 10 0 0 0 0 0 0 0 0 0 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
Other Investing Activities (3) 10 2 5 (15) (1) (8) (6) (6) 2 0 1 (4) (2) 1 (2) 1 (8) (165) (177) (9) (238) (181) (213) 4 (1) (136) (120) (3) (194) (14) (1) 1 (1) 0 (132) (1) (132) (1) (186) (2) (147) (1) (72) 12 (173) (326) (314) 2 (201) (232) 0 2 2 1 (70) 1 2 (75) 1 (69) (21) (120) 0 18 (155) (149) (305) (91) (4) 0 (1) 9 4 6 (4) 5 2 (6) (6) 7 (3) (6) (7) (1) 6 0 3 1 22 (19) (10) (4) 3 6 (14) 17 1 (5) 10 4 (4) 34 2 (7)
Investing Cash Flow (262) (280) (307) (233) (376) (397) (261) (308) (331) (426) (358) (298) (276) (230) (194) (180) (154) (154) (165) (175) (162) (236) (181) (213) (157) (198) (135) (120) (151) (193) (13) (135) (130) (145) (124) (132) (113) (131) (135) (186) (133) (145) (139) (71) (167) (173) (327) (315) (179) (201) (232) (152) (107) (85) (81) (70) (58) (85) (75) (69) (70) (66) (119) (172) (73) (154) (150) (305) (91) (105) (73) (136) (68) (100) (186) (96) (69) (100) (64) (87) (129) (70) (66) (83) (53) (57) (49) (43) (35) (46) (49) (45) (38) (45) (36) (59) (13) (56) (48) (44) (45) (68) 2 (44) (38)
Financing Activities
Net Debt Issuance 9 (68) 0 0 208 (304) 0 0 304 346 300 72 (160) 360 0 0 25 0 180 0 (90) 155 75 330 41 220 (17) (83) 0 0 0 0 0 50 25 0 0 25 0 125 1 0 (55) (197) (45) 180 180 225 0 155 25 100 (17) (83) 0 0 (30) (40) 0 0 (29) (1) 12 25 46 154 0 159 (74) 165 38 50 (56) 78 127 70 (46) 80 (3) 77 40 (3) (21) (5) (3) (1) (47) (11) (2) (63) (43) 87 (41) 28 (68) (36) (22) 16 50 201 (17) (79) (46) 8 (16)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (18) 0 0 (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 327 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (60) (58) (58) (54) (55) (52) (52) (48) (48) (48) (47) (44) (40) (41) (40) (39) (38) (38) (39) (37) (36) (37) (34) (35) (34) (35) (34) (33) (32) (32) (32) (31) (30) (31) (30) (29) (28) (28) (29) (26) (27) (27) (26) (22) (22) (21) (23) (21) (22) (22) (21) (21) (20) (20) (20) (21) (20) (20) (20) (19) (20) (20) (20) (19) (19) (19) (19) (19) (15) (15) (16) (14) (15) (15) (15) (14) (14) (14) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1) 0 (1) 0 (1) 0 (1) (20) (21) (21) (21) (20) (21)
Other Financing Activities (23) (4) (6) (4) (9) 392 (2) (3) (7) (3) (2) (75) (6) (2) (2) (2) (6) 0 (5) (2) (2) (3) 4 (10) (5) (12) (2) 0 (3) 50 (1) 0 (3) (2) (1) 0 (4) (4) 0 (1) (2) 3 (1) 271 0 (1) (1) 0 0 (1) 20 45 0 0 0 0 0 39 0 0 (4) 10 0 (1) (1) 29 0 (4) 7 (1) 0 0 0 (3) 2 (2) 0 (2) (14) 0 0 0 (150) 0 0 0 0 0 0 0 (1) (9) 0 0 0 (2) 0 0 0 0 0 0 0 0 0
Financing Cash Flow (74) 71 (15) (58) 144 204 46 (51) 327 295 204 117 162 277 (2) (41) (37) (38) 136 (51) (128) 115 45 285 2 173 (53) (116) (35) 18 (33) (31) (33) 17 (6) (29) (32) (7) (29) 98 (28) (24) (82) 52 (67) 158 156 204 (22) 132 24 124 (37) (103) (20) (21) (50) (60) (20) (19) (53) (11) (8) 5 26 130 (19) 136 88 149 22 36 (71) 60 114 54 (60) 64 (17) 77 40 (3) (171) (5) (3) (1) (47) (11) (2) (63) (44) 78 (42) 28 (69) (38) (23) 16 49 181 (38) (100) (67) (12) (37)
Cash Position
Net Change in Cash (68) (36) 81 45 (1) (23) 29 (170) 171 (42) 34 1 (153) 147 (73) (19) 58 (242) 277 (118) (122) 4 (50) 273 0 19 0 (78) (30) (81) 152 (22) 31 (50) 56 2 25 (82) (5) 89 0 (88) (30) 95 (100) 30 0 33 (43) 16 (28) 86 21 (144) 82 66 2 (91) 25 45 23 (3) (56) 11 21 (15) (12) 11 37 5 (197) 151 (22) 13 18 37 (7) (38) (19) 56 (109) (103) (35) (56) 112 5 (7) 35 62 (39) (7) 103 1 10 2 (9) 40 6 1 (8) (51) 55 0 4 1
Cash at Beginning 76 112 56 11 12 35 6 176 5 47 13 12 165 18 91 110 52 294 17 135 257 253 303 30 30 11 11 89 119 200 48 70 39 89 33 31 6 88 93 4 4 92 122 27 127 97 97 64 107 91 119 33 12 156 74 8 6 97 72 27 4 7 63 52 31 46 58 47 10 5 202 51 73 60 42 5 12 50 69 13 122 225 260 316 204 199 206 171 109 148 155 52 51 41 39 48 8 2 1 9 60 5 5 1 0
Cash at End 8 76 137 56 11 12 35 6 176 5 47 13 12 165 18 91 110 52 294 17 135 257 253 303 30 30 11 11 89 119 200 48 70 39 89 33 31 6 88 93 4 4 92 122 27 127 97 97 64 107 91 119 33 12 156 74 8 6 97 72 27 4 7 63 52 31 46 58 47 10 5 202 51 73 60 42 5 12 50 69 13 122 225 260 316 204 199 206 171 109 148 155 52 51 41 39 48 8 2 1 9 60 5 5 1
Free Cash Flow 9 (142) 100 99 (128) (222) (9) (109) (150) (338) (170) (117) (313) (125) (73) 24 82 (200) 146 (65) 15 (110) (93) (7) (7) (155) 52 37 6 (100) 63 9 63 (67) 62 32 56 (74) 24 (11) 30 (68) 52 (21) (44) (138) (152) (172) (27) (118) (13) (38) 57 (41) 102 89 41 (31) 43 64 77 8 (49) 6 (24) (143) 8 (124) (51) (141) (221) 116 46 (51) (102) (13) 55 (104) 4 (15) (150) (97) 142 (44) 116 0 40 43 63 2 56 35 47 (21) 65 43 46 (11) (43) (199) (17) 159 33 14 45
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 879 840 952 807 928 824 929 758 929 725 802 648 748 687 743 591 626 608 642 537 609 556 547 469 573 548 542 460 573 524 525 449 493 515 515 449 530 524 484 428 487 499 476 450 473 500 484 423 493 499 435 403 473 463 450 413 479 479 439 411 484 455 464 415 449 485 445 389 485 449 400 425 471 470 435 402 436 416 372 351 381 387 355 333 371 379 348 332 395 377 494 410 471 494 458 553 540 545 905 831 766 698 728 430 0
Gross Profit 518 283 468 399 450 367 418 376 425 350 331 327 351 316 323 338 334 325 303 276 360 324 190 283 347 301 299 269 317 293 267 274 294 292 258 250 308 275 235 238 272 254 231 236 250 239 222 214 255 224 191 131 230 212 219 206 231 210 207 187 248 192 219 183 186 154 178 162 188 223 183 240 221 211 193 227 233 226 174 208 149 (192) 325 299 343 348 317 296 366 346 466 380 443 464 430 521 512 506 876 795 742 662 697 397 (26)
Operating Income 107 131 174 118 168 88 146 116 162 113 85 81 117 87 92 112 106 101 83 61 133 81 (16) 71 133 97 88 57 111 75 91 80 100 109 78 69 124 106 64 64 99 84 68 72 85 72 65 58 98 77 53 (11) 87 71 82 61 88 69 68 57 115 59 90 57 61 38 62 45 63 57 21 76 63 55 45 79 90 72 26 59 2 51 36 32 53 44 20 38 48 43 19 28 34 27 24 33 51 30 11 43 50 61 53 41 51
Net Income 45 41 103 62 100 38 94 72 109 68 47 39 74 51 58 64 60 66 50 32 96 52 (17) 39 81 61 55 25 73 49 53 46 64 42 40 32 73 61 34 37 61 51 36 35 50 43 39 35 58 47 31 (22) 49 28 38 26 49 29 27 22 69 25 49 24 27 8 32 22 24 20 0 39 28 24 20 46 55 40 10 27 (6) (9) 19 16 38 28 10 22 32 28 (4) 13 20 6 7 16 35 (33) (5) 29 42 45 31 25 38
EPS (Diluted) 0.41 0.35 0.94 0.56 0.91 0.35 0.90 0.70 1.08 0.67 0.46 0.39 0.80 0.57 0.65 0.72 0.67 0.74 0.56 0.36 1.07 0.58 -0.19 0.43 0.91 0.68 0.61 0.28 0.82 0.55 0.59 0.51 0.72 0.48 0.44 0.36 0.82 0.68 0.38 0.42 0.68 0.57 0.40 0.44 0.62 0.55 0.47 0.43 0.73 0.59 0.40 -0.29 0.65 0.37 0.50 0.34 0.65 0.38 0.36 0.29 0.92 0.33 0.65 0.32 0.36 0.11 0.43 0.31 0.37 0.31 – 0.63 0.44 0.38 0.32 0.73 0.88 0.64 0.16 0.43 -0.10 -0.14 0.30 0.26 0.61 0.45 0.16 0.35 0.50 0.45 -0.06 0.20 0.32 0.10 0.11 0.25 0.55 -0.53 -0.09 0.46 0.66 0.72 0.49 0.39 0.60
Balance Sheet
Cash & Equivalents 8 76 137 56 11 12 35 6 176 5 47 13 12 165 18 91 110 52 294 17 135 257 253 303 30 30 11 11 89 119 200 48 70 39 89 33 31 6 88 93 4 4 92 122 27 127 97 97 64 107 91 119 33 12 156 74 8 6 97 72 27 4 7 63 52 31 46 58 47 10 5 202 51 73 60 42 5 12 50 69 13 122 225 260 316 204 199 206 171 109 148 155 52 51 41 39 48 8 2 1 9 60 5 5 1
Total Assets 13,204 13,514 13,014 12,681 12,695 12,544 11,881 11,582 11,588 11,208 10,603 10,370 10,151 10,459 9,849 9,783 9,723 9,494 9,542 9,099 9,069 9,069 8,869 8,805 8,470 8,394 8,154 7,997 7,948 8,110 7,975 7,909 7,892 7,838 7,759 7,653 7,612 7,527 7,455 7,446 7,344 7,221 7,197 7,198 7,091 7,042 6,657 6,399 6,169 6,101 5,891 5,796 5,661 5,670 5,757 5,702 5,789 5,733 5,611 5,503 5,535 5,491 5,617 5,404 5,436 5,172 5,252 5,284 5,187 5,023 4,475 4,694 4,269 4,108 4,088 3,894 3,759 3,767 3,665 3,556 3,466 3,638 3,878 3,545 3,663 3,403 3,462 3,434 3,435 3,372 3,185 3,171 3,102 3,250 3,227 3,356 3,406 3,474 3,590 3,607 3,490 3,452 3,125 3,346 3,177
Total Debt 4,953 5,532 5,023 5,028 5,031 5,171 4,739 4,740 4,741 4,459 4,097 3,938 3,866 3,982 3,643 3,604 3,607 3,604 3,426 3,250 3,250 3,385 3,189 3,114 2,787 2,799 2,583 2,588 2,521 2,531 2,427 2,426 2,426 2,426 2,377 2,350 2,350 2,350 2,377 2,376 2,250 2,199 2,204 2,259 2,456 2,501 2,321 2,141 1,916 1,916 1,761 1,736 1,636 1,653 1,736 1,736 1,735 1,765 1,798 1,798 1,798 1,827 1,828 1,808 1,787 1,744 1,594 1,594 1,436 1,509 1,164 1,306 1,256 1,313 1,238 1,108 1,038 1,084 1,004 1,007 930 890 1,043 962 987 940 944 992 993 988 1,051 1,071 982 1,023 995 1,063 1,099 1,121 1,109 1,059 1,062 1,005 945 991 983
Stockholders' Equity 4,120 4,133 3,950 3,852 3,844 3,794 3,630 3,484 3,459 3,319 3,295 3,200 3,112 2,779 2,760 2,738 2,709 2,707 2,675 2,661 2,675 2,613 2,595 2,646 2,638 2,591 2,564 2,542 2,548 2,506 2,486 2,465 2,449 2,416 2,402 2,392 2,387 2,344 2,310 2,303 2,291 2,258 2,232 2,221 1,939 1,911 1,889 1,871 1,856 1,819 1,792 1,761 1,757 1,728 1,717 1,698 1,692 1,663 1,653 1,645 1,642 1,592 1,585 1,556 1,552 1,542 1,554 1,542 1,537 1,354 1,354 1,355 1,330 1,316 1,303 1,297 1,265 1,224 1,198 1,202 1,189 1,197 1,206 1,330 1,316 1,272 1,248 1,242 1,219 1,184 1,155 1,159 1,146 1,129 1,121 1,141 1,125 1,092 1,124 1,130 1,121 1,099 1,075 1,064 1,059
Cash Flow
Operating Cash Flow 268 148 403 336 231 170 244 189 175 89 188 182 (39) 100 123 202 249 (50) 306 108 168 125 86 201 155 44 188 158 156 94 198 144 194 78 186 163 170 56 159 177 161 78 191 114 134 45 171 144 158 85 180 114 165 44 183 157 110 54 120 133 146 74 71 178 68 9 157 180 40 (39) (146) 251 117 53 90 79 122 (2) 62 66 (20) (30) 202 32 168 63 89 89 99 70 86 70 81 27 107 88 76 46 0 (145) 32 223 65 60 76
Capital Expenditure (259) (290) (303) (237) (359) (392) (253) (298) (325) (427) (358) (299) (274) (225) (196) (178) (167) (150) (160) (173) (153) (235) (179) (208) (162) (199) (136) (121) (150) (194) (135) (135) (131) (145) (124) (131) (114) (130) (135) (188) (131) (146) (139) (135) (178) (183) (323) (316) (185) (203) (193) (152) (108) (85) (81) (68) (69) (85) (77) (69) (69) (66) (120) (172) (92) (152) (149) (304) (91) (102) (75) (135) (71) (104) (192) (92) (67) (102) (58) (81) (130) (67) (60) (76) (52) (63) (49) (46) (36) (68) (30) (35) (34) (48) (42) (45) (30) (57) (43) (54) (49) (64) (32) (46) (31)
Free Cash Flow 9 (142) 100 99 (128) (222) (9) (109) (150) (338) (170) (117) (313) (125) (73) 24 82 (200) 146 (65) 15 (110) (93) (7) (7) (155) 52 37 6 (100) 63 9 63 (67) 62 32 56 (74) 24 (11) 30 (68) 52 (21) (44) (138) (152) (172) (27) (118) (13) (38) 57 (41) 102 89 41 (31) 43 64 77 8 (49) 6 (24) (143) 8 (124) (51) (141) (221) 116 46 (51) (102) (13) 55 (104) 4 (15) (150) (97) 142 (44) 116 0 40 43 63 2 56 35 47 (21) 65 43 46 (11) (43) (199) (17) 159 33 14 45