PSA - Public Storage
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$308.36
DETAILS
HIGH:
$349.00
LOW:
$285.00
MEDIAN:
$305.00
CONSENSUS:
$308.36
UPSIDE:
1.02%
| 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 | 4,824.1 | 4,695.6 | 4,517.7 | 4,182.2 | 3,415.8 | 2,915.1 | 2,855.1 | 2,759.5 | 2,668.5 | 2,560.5 | 2,381.7 | 2,177.3 | 1,964.9 | 1,842.5 | 1,735.9 | 1,613.8 | 1,622.9 | 1,720.5 | 1,814.5 | 1,381.0 | 1,059.8 | 958.2 | 892.9 | 850.5 | 796.3 | 706.2 | 639.0 | 553.8 | 469.1 | 339 | 212.7 | 147.2 | 114.7 |
| Cost of Revenue | 3,619.9 | 1,258.0 | 1,147.9 | 1,052.9 | 920.6 | 867.5 | 813.2 | 757.1 | 708.0 | 669.1 | 635.5 | 613.3 | 559.8 | 555.9 | 560.5 | 528.4 | 520.9 | 554.3 | 657.7 | 498.4 | 378.3 | 361.9 | 340.9 | 309.5 | 279.6 | 238.0 | 211.8 | 204.1 | 1.8 | 2.6 | 72.7 | 52.8 | 0 |
| Gross Profit | 1,204.2 | 3,437.6 | 3,369.7 | 3,129.3 | 2,495.2 | 2,047.6 | 2,042.0 | 2,002.4 | 1,960.5 | 1,891.5 | 1,746.2 | 1,564.0 | 1,405.2 | 1,286.6 | 1,175.4 | 1,085.4 | 1,102.0 | 1,166.2 | 1,156.8 | 882.6 | 681.6 | 596.2 | 552.0 | 541.0 | 516.7 | 468.3 | 427.2 | 349.6 | 469.1 | 338.5 | 140.0 | 94.4 | 114.7 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 17.5 | 8.4 | 10.8 | 6.8 | 5.4 | 8.2 | 9.7 | 10.0 | 10.6 | 10.5 | 6.4 | 4.1 | 5.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 106.7 | 106.7 | 80.6 | 71.7 | 76.0 | 64.0 | 62.1 | 93.8 | 69.9 | 70.1 | 72.8 | 56.0 | 51.5 | 45.7 | 42.7 | 28.9 | 35.7 | 62.8 | 59.7 | 84.7 | 21.1 | 18.8 | 17.1 | 15.6 | 21.0 | 21.3 | 12.5 | 11.6 | 13.5 | 8.1 | 4.0 | 2.6 | 2.5 |
| Other Expenses | (1,156.8) | 1,129.8 | 970.1 | 870.6 | 705.0 | 561.6 | 506.1 | 489.1 | 459.3 | 437.2 | 431.4 | 442.0 | 392.1 | 362.6 | 365.7 | 357.9 | 339.4 | 409.0 | 686.1 | 437.6 | 196.2 | 182.9 | 183.9 | 174.7 | 126.3 | 112.0 | 136.7 | 320.3 | 82.5 | 63.7 | 49.9 | 33.3 | (73.2) |
| Operating Expenses | (1,050.1) | 1,236.4 | 1,050.7 | 959.8 | 789.4 | 636.5 | 575.1 | 588.4 | 537.4 | 517.0 | 514.2 | 508.6 | 454.1 | 414.6 | 412.6 | 392.7 | 375.2 | 471.8 | 745.8 | 522.2 | 217.3 | 201.7 | 201.0 | 190.3 | 147.4 | 133.3 | 149.2 | 331.9 | 96.0 | 71.8 | 53.9 | 35.9 | (70.7) |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 2,254.3 | 2,201.2 | 2,319.1 | 2,169.4 | 1,705.8 | 1,411.2 | 1,466.9 | 1,414.1 | 1,423.1 | 1,374.5 | 1,232.0 | 1,055.4 | 951.1 | 872.0 | 762.8 | 692.6 | 726.8 | 694.4 | 410.9 | 360.3 | 464.3 | 394.5 | 351.0 | 350.7 | 369.4 | 335.0 | 278.0 | 17.7 | 371.3 | 264.6 | 86.0 | 58.5 | 185.4 |
| Interest Expense | 304.5 | 287.4 | 201.1 | 136.3 | 90.8 | 56.3 | 45.6 | 32.5 | 12.7 | 4.3 | 0.6 | 6.8 | 6.4 | 19.8 | 24.2 | 30.2 | 29.9 | 43.9 | 63.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 36.6 | 44.7 | 64.8 | 20.8 | 12.3 | 22.3 | 26.7 | 24.6 | 18.8 | 15.1 | 16.5 | 17.6 | 34.0 | 22.1 | 32.3 | 29.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 3,246.1 | 3,506.2 | 3,342.1 | 5,405.1 | 2,776.2 | 1,970.8 | 2,084.2 | 2,233.4 | 1,915.7 | 1,898.0 | 1,744.3 | 1,593.8 | 1,451.4 | 1,308.1 | 1,215.9 | 1,073.0 | 1,169.4 | 1,108.6 | 1,097.5 | 797.9 | 660.5 | 587.5 | 534.9 | 525.4 | 495.7 | 869.3 | 433.2 | 143.4 | 831.7 | 580.9 | 126.8 | 86.8 | 209.6 |
| EBIT | 2,094.3 | 2,376.5 | 2,372.1 | 4,516.9 | 2,062.8 | 1,417.5 | 1,571.3 | 1,749.8 | 1,461.2 | 1,464.6 | 1,318.3 | 1,156.7 | 1,064.0 | 872.0 | 857.4 | 718.6 | 827.3 | 694.4 | 474.6 | 360.3 | 464.3 | 404.6 | 351.0 | 349.8 | 331.8 | 722.3 | 275.8 | 17.7 | 727.5 | 498.5 | 86.0 | 58.5 | 185.4 |
| Income Before Tax | 1,789.8 | 2,089.1 | 2,170.9 | 4,380.6 | 1,972.0 | 1,361.2 | 1,525.7 | 1,717.2 | 1,448.5 | 1,460.3 | 1,317.7 | 1,149.9 | 1,057.5 | 930.2 | 833.1 | 688.4 | 797.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Tax Expense | (7.2) | 4.7 | 10.8 | 14.3 | 12.4 | 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 |
| Net Income | 1,784.3 | 2,072.0 | 2,148.3 | 4,349.1 | 1,953.3 | 1,357.2 | 1,520.5 | 1,711.0 | 1,442.2 | 1,453.6 | 1,311.2 | 1,144.2 | 1,052.5 | 939.3 | 823.8 | 672.0 | 834.6 | 935.2 | 457.5 | 314.0 | 456.4 | 366.2 | 336.7 | 318.7 | 324.2 | 297.1 | 287.9 | 227.0 | 178.6 | 153.5 | 70.4 | 42.1 | 28 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 9.04 | 10.68 | 11.11 | 23.64 | 9.91 | 6.29 | 7.30 | 9.84 | 6.75 | 6.84 | 6.10 | 5.27 | 4.92 | 3.93 | 3.31 | 2.36 | 3.48 | 4.19 | 1.18 | 0.33 | 1.98 | 1.39 | 1.29 | 1.15 | 1.41 | 1.41 | 1.53 | 1.30 | 0.92 | 1.10 | 0.95 | 1.05 | 0.98 |
| EPS (Diluted) | 9.01 | 10.64 | 11.06 | 23.50 | 9.87 | 6.29 | 7.29 | 9.82 | 6.73 | 6.81 | 6.07 | 5.25 | 4.89 | 3.90 | 3.29 | 2.35 | 3.47 | 4.18 | 1.17 | 0.33 | 1.97 | 1.38 | 1.28 | 1.14 | 1.39 | 1.41 | 1.52 | 1.30 | 0.91 | 1.10 | 0.95 | 1.05 | 0.98 |
| Shares Outstanding | 175.4 | 175.4 | 175.5 | 175.3 | 174.9 | 174.5 | 174.3 | 174.0 | 173.6 | 173.1 | 172.7 | 172.3 | 171.6 | 170.6 | 169.7 | 168.9 | 168.4 | 168.2 | 169.3 | 142.8 | 128.2 | 127.8 | 125.2 | 123.0 | 122.3 | 131.6 | 126.3 | 113.9 | 98.0 | 77.2 | 41.2 | 24.1 | 18.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 318.1 | 447.4 | 370.0 | 775.3 | 734.6 | 257.6 | 409.7 | 361.2 | 433.4 | 183.7 | 763.8 | 680.7 | 366.3 | 204.8 | 103.1 | 49.3 | 89.5 | 55.1 | 51.2 | 41.5 | 26.9 | 80.4 | 20.2 | 0 |
| 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 | 8.8 |
| Net Receivables | 142.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 100.5 | 24.3 | 59.3 | 26.2 | 18.8 | 5.4 | 21.8 | 25.0 | 23.7 | 23.1 | 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 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 92.9 | 0 | 0 | 0 | 0 | 552.2 | 508.2 | 516.4 | 509.4 | 293.5 | 374.4 | 430.6 | 0 | 0 |
| Total Current Assets | 460.2 | 447.4 | 370.0 | 775.3 | 734.6 | 257.6 | 409.7 | 361.2 | 433.4 | 183.7 | 856.7 | 680.7 | 366.7 | 305.3 | 127.4 | 660.9 | 623.9 | 590.3 | 566.0 | 356.8 | 426.2 | 534.7 | 43.2 | 8.8 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 194.4 | 308.1 | 345.5 | 373.0 | 272.5 | 188.1 | 141.9 | 285.3 | 264.4 | 230.3 | 7,562.0 | 7,821.9 | 4,246.7 | 4,054.3 | 4,106.3 | 3,762.3 | 3,705.0 | 3,429.8 | 2,634.3 | 2,741.9 | 1,923.7 | 1,171.2 | 765.0 | 588.5 |
| Goodwill | 165.8 | 165.8 | 165.8 | 165.8 | 165.8 | 174.6 | 174.6 | 174.6 | 174.6 | 174.6 | 174.6 | 174.6 | 78.2 | 78.2 | 78.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 85.8 | 116.3 | 221.4 | 66.7 | 137.1 | 30.1 | 31.3 | 35.3 | 40.4 | 38.1 | 38.3 | 52.0 | 26.5 | 111.3 | 117.9 | 202.7 | 185.0 | 194.3 | 203.6 | 212.9 | 222.3 | 231.6 | 0 | 0 |
| Long-Term Investments | 388.6 | 382.5 | 390.2 | 275.8 | 828.8 | 773.0 | 767.8 | 784.0 | 724.2 | 689.2 | 612.3 | 544.6 | 341.3 | 336.7 | 329.7 | 479.3 | 448.9 | 457.5 | 450.5 | 225.9 | 350.2 | 416.2 | 0 | 0 |
| Other Non-Current Assets | 18,913.8 | 18,334.7 | 18,316.3 | 15,895.8 | 207.7 | 172.7 | 174.3 | 131.1 | 130.3 | 122.1 | 561.7 | 109.9 | (4,692.7) | (4,580.5) | (4,632.1) | (479.3) | (448.9) | (457.5) | (450.5) | (225.9) | (350.2) | (416.2) | (765.0) | (588.5) |
| Total Non-Current Assets | 19,748.4 | 19,307.5 | 19,439.2 | 16,777.1 | 16,646.3 | 11,559.0 | 10,955.7 | 10,567.1 | 10,299.5 | 9,946.6 | 8,949.0 | 9,255.3 | 4,692.7 | 4,580.5 | 4,632.1 | 3,965.0 | 3,890.0 | 3,624.1 | 2,837.9 | 2,954.9 | 2,145.9 | 1,402.7 | 765.0 | 588.5 |
| Total Assets | 20,208.6 | 19,754.9 | 19,809.2 | 17,552.3 | 17,380.9 | 11,816.5 | 11,365.4 | 10,928.3 | 10,732.9 | 10,130.3 | 9,805.6 | 9,936.0 | 5,204.8 | 4,968.1 | 4,843.7 | 4,625.9 | 4,513.9 | 4,214.4 | 3,403.9 | 3,311.6 | 2,572.2 | 1,937.5 | 820.3 | 666.1 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 518.9 | 0 | 114.0 | 0 | 0 | 478.9 | 533.1 | 186.7 | 140.2 | 295.4 | 117.5 | 112.5 | 166.9 | 242 |
| Total Current Liabilities | 612.9 | 588.2 | 599.0 | 514.7 | 482.1 | 394.7 | 383.3 | 371.3 | 337.2 | 297.9 | 731.1 | 212.4 | 129.5 | 0 | 0 | 572 | 634 | 358 | 204 | 366 | 159 | 145 | 181 | 242 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 10,253.9 | 9,353.0 | 9,103.3 | 6,870.8 | 7,475.3 | 2,545.0 | 1,902.5 | 1,412.3 | 1,431.3 | 390.7 | 0 | 643.8 | 145.6 | 76.0 | 115.9 | 168.6 | 156.0 | 167.3 | 81.4 | 103.6 | 108.4 | 158.1 | 77.2 | 84.1 |
| 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 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 300 | 0 | 0 | 0 | 0 | 0 | 0 | (129.5) | (76.0) | (115.9) | (168.6) | (156.0) | (167.3) | (81.4) | (103.6) | (108.4) | (158.1) | (77.2) | (84.1) |
| Total Non-Current Liabilities | 10,253.9 | 9,353.0 | 9,103.3 | 6,870.8 | 7,475.3 | 2,845.0 | 1,902.5 | 1,412.3 | 1,431.3 | 390.7 | 518.9 | 643.8 | 16.1 | 322.1 | 245.2 | 144 | 156 | 167 | 81 | 97 | 108 | 158 | 52 | 48 |
| Total Liabilities | 10,866.8 | 9,941.3 | 9,702.3 | 7,385.5 | 7,957.4 | 3,239.6 | 2,285.8 | 1,783.5 | 1,768.5 | 688.7 | 731.1 | 856.2 | 345.9 | 322.1 | 245.2 | 261.7 | 256.9 | 338.7 | 145.2 | 174.2 | 149.9 | 190.6 | 91.3 | 96.3 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 17.6 | 17.5 | 17.6 | 17.5 | 17.5 | 17.5 | 17.4 | 17.4 | 17.4 | 17.3 | 16.8 | 16.8 | 12.9 | 12.7 | 12.4 | 12.2 | 13.1 | 13.4 | 12.3 | 11.2 | 9.5 | 7.9 | 2.9 | 0 |
| Retained Earnings | (1,219.3) | (699.1) | (267.9) | (110.2) | (550.4) | (914.8) | (665.6) | (577.4) | (675.7) | (487.6) | (153.8) | 4,896.0 | (142.6) | (98.6) | (41.6) | 31.3 | 1,387.1 | 57.4 | 59.7 | 575.1 | 396.4 | 242.9 | (10.2) | (144.6) |
| Accumulated Other Comprehensive Income | (47.8) | (72.0) | (67.2) | (80.3) | (53.6) | (43.4) | (64.9) | (64.1) | (75.1) | (95.1) | (15.0) | (31.9) | 0 | 0 | 0 | (819.9) | (668.0) | (533.4) | (411.2) | (378.2) | (297.7) | (242.0) | (202.7) | 0 |
| Total Stockholders' Equity | 9,248.1 | 9,712.6 | 10,013.2 | 10,073.4 | 9,335.2 | 8,558.9 | 9,062.9 | 9,119.5 | 8,940.0 | 9,411.9 | 8,928.4 | 8,715.5 | 4,430.0 | 4,219.8 | 4,159.0 | 3,909.6 | 3,724.1 | 3,689.1 | 3,119.3 | 2,849.0 | 2,305.4 | 1,634.5 | 587.8 | 376.1 |
| Total Liabilities & Equity | 20,208.6 | 19,754.9 | 19,809.2 | 17,552.3 | 17,380.9 | 11,816.5 | 11,365.4 | 10,928.3 | 10,732.9 | 10,130.3 | 9,805.6 | 9,936.0 | 5,204.8 | 4,968.1 | 4,843.7 | 4,625.9 | 4,513.9 | 4,214.4 | 3,403.9 | 3,311.6 | 2,572.2 | 1,937.5 | 820.3 | 666.1 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 10,253.9 | 9,353.0 | 9,103.3 | 6,870.8 | 7,475.3 | 2,545.0 | 1,902.5 | 1,412.3 | 1,431.3 | 390.7 | 518.9 | 643.8 | 145.6 | 76.0 | 115.9 | 168.6 | 156.0 | 167.3 | 81.4 | 103.6 | 108.4 | 158.1 | 77.2 | 84.1 |
| Net Debt | 9,935.8 | 8,905.6 | 8,733.3 | 6,095.6 | 6,740.7 | 2,287.4 | 1,492.8 | 1,051.1 | 997.9 | 207.1 | (244.9) | (36.9) | (220.6) | (128.8) | 12.7 | 119.2 | 66.5 | 112.2 | 30.2 | 62.1 | 81.6 | 77.6 | 57.1 | 84.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 1,797.0 | 2,084.4 | 2,160.1 | 4,366.3 | 1,959.6 | 1,361.2 | 1,525.7 | 1,717.2 | 1,448.5 | 1,460.4 | 456.4 | 368.0 | 337.0 | 329.4 | 324.2 | 297.1 | 287.9 | 227 | 178.6 | 153.5 | 70.4 | 42.1 | 28 |
| Depreciation & Amortization | 1,151.8 | 1,129.8 | 970.1 | 888.1 | 713.4 | 553.3 | 512.9 | 483.6 | 454.5 | 433.3 | 196.2 | 183.1 | 213.5 | 206.7 | 193.2 | 149.0 | 157.4 | 125.7 | 104.2 | 82.4 | 40.6 | 27.6 | 24.2 |
| Stock-Based Compensation | 39.9 | 44.7 | 41.6 | 56.7 | 59.8 | 33.4 | 25.8 | 69.9 | 37.5 | 37.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 1.8 | (29.8) | 18.9 | (9.1) | 12.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 0 |
| Other Non-Cash Items | 195.9 | (100.9) | 56.0 | (2,184.9) | (202.2) | 95.1 | 3.2 | (207.2) | 32.4 | 14.1 | 21.3 | 44.2 | (2.6) | 55.2 | 21.2 | 79.7 | 18.0 | 35.7 | 11.8 | 9.3 | 12.4 | 8.8 | 7.3 |
| Operating Cash Flow | 3,186.4 | 3,128.3 | 3,246.6 | 3,117.1 | 2,543.6 | 2,042.9 | 2,067.6 | 2,063.6 | 1,972.9 | 1,945.3 | 673.9 | 595.3 | 547.9 | 591.3 | 538.5 | 525.8 | 463.3 | 388.4 | 294.6 | 245.2 | 123.5 | 79.2 | 59.5 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (289.4) | (420.0) | (461.1) | (459.8) | (270.2) | (170.0) | (187.3) | (141.0) | (120.6) | (351.4) | (366.7) | (175.7) | (132.6) | (158.2) | (223.3) | (395.7) | (344.9) | (242.8) | (311) | (264.9) | (119.7) | (101.3) | (73.3) |
| Acquisitions | 0 | 0 | (2,178.2) | 2,636.0 | 0 | 0 | 0 | 0 | 0 | 0 | (254.5) | 0 | 0 | (139.7) | (6.3) | 0 | 0 | 0 | 0 | (377.4) | (733.1) | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (6.4) | (33.8) | (35.1) | (34.0) | (99.4) | (86.5) | (108.2) | 0 | 0 | (4.3) | 0 | 0 | (1.6) |
| Sales/Maturities of Investments | 8.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.8 | 0 | 34.9 | 15.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (1,693.2) | (582.6) | (899.2) | (1,056.2) | (5,293.3) | (947.7) | (710.0) | (177.1) | (398.6) | (429.2) | 160.6 | 51.8 | (72.3) | (9.1) | 22.8 | 16.7 | 0.9 | (122.7) | (97.3) | 167.0 | 604.1 | (68.3) | (64.1) |
| Investing Cash Flow | (1,685.1) | (1,002.6) | (3,538.5) | 1,120.0 | (5,563.5) | (1,117.7) | (897.4) | (515.9) | (737.1) | (699.1) | (453.1) | (157.6) | (205.1) | (325.8) | (306.1) | (465.5) | (452.2) | (365.5) | (408.3) | (479.6) | (248.7) | (169.6) | (139) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 704.9 | 342.5 | 2,173.0 | (513.5) | 5,036.7 | 543.1 | 495.0 | (1.8) | 990.4 | 77.2 | (14.5) | (41.2) | (39.8) | (52.7) | 12.5 | (11.3) | (14.1) | (22.1) | (4.9) | (51.3) | (39.2) | (8.2) | 8.1 |
| Stock Repurchased | 0 | (200) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5.0) | (336.6) | (93.5) | (196.0) | (718.2) | (77.8) | (108.6) | (72.3) | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (2,303.4) | (2,301.9) | (2,305.3) | (3,908.5) | (1,588.9) | (1,606.4) | (1,608.7) | (1,612.7) | (1,630.3) | (1,505.8) | (438.7) | (432.7) | (393.6) | (391.7) | (342.0) | (388.9) | (233.4) | (211.4) | (195.5) | (136.3) | (69.1) | (38.1) | (25.6) |
| Other Financing Activities | (41.6) | (26.8) | (33.8) | (49.4) | (18.0) | (13.3) | (49.7) | (17.6) | (33.4) | (19.5) | (258.9) | 8.1 | (26.9) | (51.6) | (39.9) | 17.9 | 62.0 | 54.8 | 1.4 | (21.9) | (61.9) | (21.8) | (13.7) |
| Financing Cash Flow | (1,630.7) | (2,078.6) | (112.9) | (4,193.3) | 3,498.1 | (1,075.7) | (1,120.7) | (1,619.6) | (992.2) | (1,148.8) | (103.0) | (276.3) | (241.1) | (211.7) | (272.6) | (26.0) | (7.2) | (13.1) | 128.4 | 180.8 | 185.5 | 100.0 | 81.7 |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (129.3) | 47.0 | (404.8) | 43.9 | 478.7 | (151.0) | 49.5 | (72.0) | 243.5 | 97.0 | 117.8 | 161.4 | 101.7 | 53.8 | (40.1) | 34.3 | 3.9 | 9.7 | 14.6 | (53.5) | 60.3 | 9.6 | (8.4) |
| Cash at Beginning | 447.4 | 400.4 | 805.2 | 761.3 | 282.6 | 433.6 | 384.0 | 456.1 | 212.6 | 115.6 | 364.2 | 204.8 | 103.1 | 49.3 | 89.5 | 55.1 | 51.2 | 41.5 | 26.9 | 80.4 | 20.2 | 10.5 | 8.4 |
| Cash at End | 318.1 | 447.4 | 400.4 | 805.2 | 761.3 | 282.6 | 433.6 | 384.0 | 456.1 | 212.6 | 482.0 | 366.3 | 204.8 | 103.1 | 49.3 | 89.5 | 55.1 | 51.2 | 41.5 | 26.9 | 80.4 | 20.2 | 0 |
| Free Cash Flow | 2,897.1 | 2,708.2 | 2,785.5 | 2,657.4 | 2,273.3 | 1,872.9 | 1,880.3 | 1,922.7 | 1,852.3 | 1,594.0 | 307.2 | 595.3 | 547.9 | 591.3 | 538.5 | 130.1 | 118.4 | 145.6 | (16.4) | (19.7) | 3.8 | (22.2) | (13.8) |
| 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 | 4,824.1 | 4,695.6 | 4,517.7 | 4,182.2 | 3,415.8 | 2,915.1 | 2,855.1 | 2,759.5 | 2,668.5 | 2,560.5 | 2,381.7 | 2,177.3 | 1,964.9 | 1,842.5 | 1,735.9 | 1,613.8 | 1,622.9 | 1,720.5 | 1,814.5 | 1,381.0 | 1,059.8 | 958.2 | 892.9 | 850.5 | 796.3 | 706.2 | 639.0 | 553.8 | 469.1 | 339 | 212.7 | 147.2 | 114.7 |
| Gross Profit | 1,204.2 | 3,437.6 | 3,369.7 | 3,129.3 | 2,495.2 | 2,047.6 | 2,042.0 | 2,002.4 | 1,960.5 | 1,891.5 | 1,746.2 | 1,564.0 | 1,405.2 | 1,286.6 | 1,175.4 | 1,085.4 | 1,102.0 | 1,166.2 | 1,156.8 | 882.6 | 681.6 | 596.2 | 552.0 | 541.0 | 516.7 | 468.3 | 427.2 | 349.6 | 469.1 | 338.5 | 140.0 | 94.4 | 114.7 |
| Operating Income | 2,254.3 | 2,201.2 | 2,319.1 | 2,169.4 | 1,705.8 | 1,411.2 | 1,466.9 | 1,414.1 | 1,423.1 | 1,374.5 | 1,232.0 | 1,055.4 | 951.1 | 872.0 | 762.8 | 692.6 | 726.8 | 694.4 | 410.9 | 360.3 | 464.3 | 394.5 | 351.0 | 350.7 | 369.4 | 335.0 | 278.0 | 17.7 | 371.3 | 264.6 | 86.0 | 58.5 | 185.4 |
| Net Income | 1,784.3 | 2,072.0 | 2,148.3 | 4,349.1 | 1,953.3 | 1,357.2 | 1,520.5 | 1,711.0 | 1,442.2 | 1,453.6 | 1,311.2 | 1,144.2 | 1,052.5 | 939.3 | 823.8 | 672.0 | 834.6 | 935.2 | 457.5 | 314.0 | 456.4 | 366.2 | 336.7 | 318.7 | 324.2 | 297.1 | 287.9 | 227.0 | 178.6 | 153.5 | 70.4 | 42.1 | 28 |
| EPS (Diluted) | 9.01 | 10.64 | 11.06 | 23.50 | 9.87 | 6.29 | 7.29 | 9.82 | 6.73 | 6.81 | 6.07 | 5.25 | 4.89 | 3.90 | 3.29 | 2.35 | 3.47 | 4.18 | 1.17 | 0.33 | 1.97 | 1.38 | 1.28 | 1.14 | 1.39 | 1.41 | 1.52 | 1.30 | 0.91 | 1.10 | 0.95 | 1.05 | 0.98 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 318.1 | 447.4 | 370.0 | 775.3 | 734.6 | 257.6 | 409.7 | 361.2 | 433.4 | 183.7 | 763.8 | 680.7 | 366.3 | 204.8 | 103.1 | 49.3 | 89.5 | 55.1 | 51.2 | 41.5 | 26.9 | 80.4 | 20.2 | 0 | |||||||||
| Total Assets | 20,208.6 | 19,754.9 | 19,809.2 | 17,552.3 | 17,380.9 | 11,816.5 | 11,365.4 | 10,928.3 | 10,732.9 | 10,130.3 | 9,805.6 | 9,936.0 | 5,204.8 | 4,968.1 | 4,843.7 | 4,625.9 | 4,513.9 | 4,214.4 | 3,403.9 | 3,311.6 | 2,572.2 | 1,937.5 | 820.3 | 666.1 | |||||||||
| Total Debt | 10,253.9 | 9,353.0 | 9,103.3 | 6,870.8 | 7,475.3 | 2,545.0 | 1,902.5 | 1,412.3 | 1,431.3 | 390.7 | 518.9 | 643.8 | 145.6 | 76.0 | 115.9 | 168.6 | 156.0 | 167.3 | 81.4 | 103.6 | 108.4 | 158.1 | 77.2 | 84.1 | |||||||||
| Stockholders' Equity | 9,248.1 | 9,712.6 | 10,013.2 | 10,073.4 | 9,335.2 | 8,558.9 | 9,062.9 | 9,119.5 | 8,940.0 | 9,411.9 | 8,928.4 | 8,715.5 | 4,430.0 | 4,219.8 | 4,159.0 | 3,909.6 | 3,724.1 | 3,689.1 | 3,119.3 | 2,849.0 | 2,305.4 | 1,634.5 | 587.8 | 376.1 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 3,186.4 | 3,128.3 | 3,246.6 | 3,117.1 | 2,543.6 | 2,042.9 | 2,067.6 | 2,063.6 | 1,972.9 | 1,945.3 | 673.9 | 595.3 | 547.9 | 591.3 | 538.5 | 525.8 | 463.3 | 388.4 | 294.6 | 245.2 | 123.5 | 79.2 | 59.5 | ||||||||||
| Capital Expenditure | (289.4) | (420.0) | (461.1) | (459.8) | (270.2) | (170.0) | (187.3) | (141.0) | (120.6) | (351.4) | (366.7) | (175.7) | (132.6) | (158.2) | (223.3) | (395.7) | (344.9) | (242.8) | (311) | (264.9) | (119.7) | (101.3) | (73.3) | ||||||||||
| Free Cash Flow | 2,897.1 | 2,708.2 | 2,785.5 | 2,657.4 | 2,273.3 | 1,872.9 | 1,880.3 | 1,922.7 | 1,852.3 | 1,594.0 | 307.2 | 595.3 | 547.9 | 591.3 | 538.5 | 130.1 | 118.4 | 145.6 | (16.4) | (19.7) | 3.8 | (22.2) | (13.8) | ||||||||||