Royal Caribbean Cruises Ltd. logo RCL - Royal Caribbean Cruises Ltd.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 25
HOLD 21
SELL 6
STRONG
SELL
0
| PRICE TARGET: $350.92 DETAILS
HIGH: $425.00
LOW: $296.00
MEDIAN: $350.00
CONSENSUS: $350.92
UPSIDE: 37.02%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 4,452 4,259 5,139 4,538 3,999 3,761 4,886 4,110 3,728 3,331.4 4,160 3,523 2,886 2,604.0 2,993.1 2,184.2 1,059.2 982.2 457.0 50.9 42.0 34.1 (33.7) 175.6 2,032.8 2,517.4 3,186.8 2,806.6 2,439.8 2,332.3 2,796.2 2,337.6 2,027.8 2,004.5 2,569.5 2,195.3 2,008.6 1,909.6 2,563.7 2,105.3 1,917.8 1,902.1 2,523.1 2,058.3 1,815.6 1,817.8 2,388.8 1,980.0 1,887.2 1,854.2 2,311.7 1,882.8 1,911.2 1,806.2 2,226.4 1,821.0 1,834.5 1,775.4 2,322.0 1,767.9 1,672.0 1,604.5 2,060.7 1,601.7 1,485.7 1,451.7 1,763.5 1,349.0 1,325.6 1,456.3 2,063.4 1,583.8 1,429.1 1,491.1 1,953.6 1,481.3 1,223.1 1,153.2 1,636.9 1,293.0 1,146.5 1,029.6 1,502.2 1,203.2 1,168.1 964.6 1,386.1 1,143.0 1,061.7 878.0 905.8 780.9 821.8 656.0 821.7 726.9 642.1 835.2 680.7 707.8
Cost of Revenue 2,247 2,695 2,479 2,283 2,078 2,052 2,391 2,152 2,056 1,890.4 2,137 1,955 1,793 1,782.4 1,966.4 1,679.9 1,184.9 1,135.5 813.7 424.8 283.5 265.3 308.6 680.4 1,510.8 1,481.5 1,623.0 1,544.5 1,413.7 1,360.4 1,411.4 1,314.4 1,176.0 1,145.7 1,318.3 1,256.8 1,175.8 1,123.3 1,340.1 1,310.6 1,241.6 1,173.3 1,387.0 1,316.4 1,222.6 1,244.7 1,426.9 1,330.7 1,304.0 1,282.7 1,416.8 1,323.6 1,282.2 1,258.0 1,348.3 1,296.0 1,255.1 1,250.9 1,405.3 1,185.4 1,101.1 1,107.0 1,239.6 1,086.2 1,025.3 1,037.2 1,116.1 965.4 952.3 2,326.0 1,275.7 1,091.0 962.2 1,025.6 1,149.2 965.5 841.3 750.4 944.2 825.0 730.1 703.8 844.6 740.2 705.6 1,679.8 787.4 707.4 654.4 596.6 580.5 510.1 498.9 444.9 504.0 456.3 413.8 444.9 390.6 403.2
Gross Profit 2,205 1,564 2,660 2,255 1,921 1,709 2,495 1,958 1,672 1,441.1 2,023 1,568 1,093 821.5 1,026.6 504.3 (125.7) (153.3) (356.7) (373.9) (241.5) (231.1) (342.3) (504.8) 521.9 1,035.9 1,563.8 1,262.1 1,026.1 971.9 1,384.8 1,023.2 851.7 858.8 1,251.3 938.5 832.7 786.4 1,223.6 794.7 676.2 728.7 1,136.1 741.9 593.0 573.1 961.9 649.4 583.2 571.5 894.9 559.1 629.0 548.2 878.1 525.0 579.4 524.5 916.7 582.5 570.9 497.5 821.0 515.5 460.4 414.4 647.5 383.6 373.3 (869.8) 787.7 492.8 466.9 465.5 804.3 515.8 381.8 402.9 692.7 468.0 416.4 325.8 657.6 463.1 462.5 (715.2) 598.7 435.6 407.3 281.4 325.4 270.9 322.9 211.1 317.7 270.5 228.3 390.3 290.1 304.6
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
SG&A Expenses 582 630 522 508 562 673 451 466 535 503.3 393 435 461 444.4 373.1 371.4 394.0 503.1 323.4 285.6 258.0 255.5 246.8 301.4 395.9 414.7 352.7 376.9 414.9 327.7 325.2 312.9 337.4 311.1 273.6 283.9 317.5 254.5 259.3 290.8 302.3 269.5 256.1 274.1 286.8 258.0 239.7 261.0 290.3 262.9 250.0 257.9 274.0 255.5 243.9 247.6 264.6 238.4 231.8 242.3 248.1 211.9 213.3 211.8 211.0 185.7 196.6 190.6 189.2 183.9 191.1 196.5 204.9 204.5 199.2 193.2 186.2 181.2 163.7 181.7 173.2 168.7 156.1 149.0 161.5 153.7 141.0 143.3 150.2 141.9 119.5 118.8 107.3 110.3 107.5 112.8 103.5 96.7 104.3 108.4
Other Expenses 461 1 436 418 414 412 410 393 387 368.1 365 362 360 361.7 355.1 351.5 339.5 375.4 325.7 364.1 309.7 529.9 407.0 476.3 1,432.4 321.8 320.3 311.6 292.3 280.2 259.9 253.4 240.2 240.4 240.2 234.9 235.7 235.0 229.3 221.6 210.8 209.3 622.0 206.5 200.5 195.7 192.8 192.8 195.5 233.6 200.8 187.9 189.4 574.0 182.1 180.5 179.4 179.9 177.2 172.1 173.3 163.9 162.2 160.0 157.6 146.4 144.0 137.9 139.9 (1,117.2) 134.7 127.3 124.4 123.0 122.3 121.7 116.0 108.1 109.3 102.0 102.2 101.3 101.0 100.0 99.8 (1,039.0) 99.3 97.7 96.6 (1,689.7) 669.2 (1,517.6) 584.0 (1,407.7) 578.9 524.0 (1,176.3) 502.4 445.3 459.7
Operating Expenses 1,043 631 958 926 976 1,085 861 859 922 871.4 758 797 821 806.1 728.2 723.0 733.5 878.5 649.1 649.6 567.8 785.4 653.8 777.7 1,828.3 736.5 673.0 688.5 707.2 607.9 585.1 566.3 577.6 551.4 513.8 518.8 553.2 489.5 488.7 512.4 513.1 478.8 878.1 480.6 487.3 453.7 432.4 453.8 485.8 496.5 450.7 445.8 463.4 829.5 425.9 428.1 444.0 418.4 409.0 414.3 421.4 375.8 375.5 371.8 368.6 332.1 340.6 328.5 329.0 (933.3) 325.8 323.8 329.3 327.5 321.5 314.9 302.1 289.3 273.1 283.8 275.4 270.0 257.1 248.9 261.3 (885.3) 240.3 241.0 246.8 (1,547.9) 788.6 (1,398.7) 691.3 (1,297.4) 686.4 636.8 (1,072.9) 599.0 549.5 568.1
Operating Income
Operating Income 1,162 933 1,702 1,329 945 624 1,634 1,099 750 569.7 1,265 771 272 15.5 298.4 (218.6) (859.2) (1,031.7) (1,005.8) (1,023.5) (809.2) (1,016.5) (996.1) (1,282.5) (1,306.4) 299.4 890.8 573.7 318.8 364.0 799.7 456.9 274.1 307.3 737.5 419.7 279.5 296.8 735.0 282.3 163.1 249.9 258.0 261.3 105.7 119.3 529.5 195.6 97.5 75.0 444.2 113.3 165.6 (281.3) 452.1 96.9 135.4 106.2 507.7 168.2 149.5 121.7 445.5 143.7 91.8 82.4 306.8 55.1 44.3 63.6 461.9 168.9 137.6 138.0 482.8 200.9 79.6 113.5 419.6 184.2 141.1 55.8 400.5 214.1 201.2 170.1 358.4 194.6 160.5 1,829.3 (463.3) 1,669.6 (368.3) 1,508.5 (368.7) (366.3) 1,301.2 (208.7) (259.4) (263.5)
Interest Expense 278 267 248 228 249 266 603 298 424 346.5 340 355 360 431.6 352.2 302.7 277.7 283.8 430.7 304.8 272.5 273.1 259.3 218.9 92.9 94.8 102.0 111.3 100.4 97.4 86.5 81.9 67.9 69.8 73.2 76.6 80.3 80.6 82.6 78.7 65.4 64.1 66.8 76.6 70.2 64.4 60.1 65.3 68.6 75.7 79.7 86.9 90.2 89.0 85.0 89.1 92.7 90.6 98.2 93.0 100.6 89.1 89.1 90.7 83.9 78.3 73.9 68.3 79.5 87.7 80.6 81.1 77.9 0 85.3 85.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 5 7 3 12 2 3 4 4 5 4.1 7 10 15 14.1 12.0 6.5 3.3 3.5 3.8 4.7 4.9 5.3 5.0 5.2 5.5 5.2 5.6 6.3 9.8 6.1 5.8 13.1 7.7 13.3 4.7 5.8 6.3 6.0 6.5 5.7 2.7 3.8 1.7 2.8 3.7 2.3 2.1 2.6 3.3 3.4 3.3 3.4 3.7 5.3 4.7 5.0 6.3 8.0 7.1 6.5 3.8 4.7 1.8 1.4 1.4 1.9 2.2 1.2 1.7 3.0 5.6 3.0 2.5 0 5.7 6.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,623 1,393 2,258 1,860 1,398 1,236 2,128 1,549 1,175 993.5 1,717 1,180 672 292.0 740.2 132.7 (550.0) (739.8) (668.0) (719.0) (549.0) (775.8) (762.8) (1,093.2) (1,019.8) 697.0 1,312.7 902.9 649.5 698.0 1,156.8 801.5 526.8 598.2 1,066.2 681.1 530.8 574.9 1,005.2 530.3 375.4 480.3 506.3 468.1 315.9 367.5 742.8 395.8 288.8 273.3 633.9 297.8 355.8 (115.2) 634.8 266.0 319.0 286.1 674.3 358.5 322.8 285.6 607.7 303.7 249.3 228.8 450.9 193.0 184.1 197.5 596.6 296.2 262.0 261.0 605.2 322.6 195.6 221.7 528.9 286.3 243.2 157.1 501.5 314.1 300.9 857.8 457.7 292.2 257.0 2,460.0 (374.5) 2,262.2 (283.2) 2,029.1 (293.8) (298.6) 1,701.0 (151.2) (204.7) (207.0)
EBIT 1,162 1,044 1,823 1,443 986 826 1,718 1,156 788 625.4 1,351 818 312 (68.6) 385.2 (218.9) (889.5) (1,073.2) (993.9) (1,042.4) (859.2) (1,093.8) (1,080.0) (1,413.0) (1,344.1) 375.2 992.4 591.3 357.2 417.9 896.9 548.2 286.5 357.8 826.1 446.2 295.0 341.7 775.9 308.7 164.6 270.9 295.6 261.6 115.4 174.1 550.3 202.9 95.0 82.7 445.4 111.6 166.4 (303.8) 452.8 85.5 139.6 106.2 497.2 186.5 149.5 121.7 445.5 143.7 91.8 82.4 306.8 55.1 44.3 63.6 461.9 168.9 137.6 138.0 482.8 200.9 79.6 113.5 419.6 184.2 141.1 55.8 400.5 214.1 201.2 170.1 358.4 194.6 160.5 1,829.3 (463.3) 1,669.6 (368.3) 1,508.5 (368.7) (366.3) 1,301.2 (208.7) (259.4) (263.5)
Income Before Tax 976 777 1,575 1,215 737 560 1,115 858 364 278.9 1,011 463 (48) (500.2) 33.0 (521.6) (1,167.1) (1,357.0) (1,424.6) (1,347.3) (1,131.7) (1,366.9) (1,339.3) (1,631.9) (1,437.0) 280.5 890.4 480.0 256.8 320.5 810.4 466.3 218.7 288.0 752.8 369.5 214.7 261.1 693.3 229.9 99.1 206.8 228.8 185.0 45.2 109.8 490.2 137.7 26.5 7.0 365.7 24.7 76.2 (392.8) 367.8 (3.7) 47.0 0 399.0 93.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax Expense 26 15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 941 754 1,579 1,210 730 552 1,111 854 360 277.1 1,009 459 (48) (500.2) 33.0 (521.6) (1,167.1) (1,357.0) (1,424.6) (1,347.3) (1,131.7) (1,366.9) (1,346.8) (1,639.3) (1,444.5) 273.1 883.2 472.8 249.7 315.7 810.4 466.3 218.7 288.0 752.8 369.5 214.7 261.1 693.3 229.9 99.1 206.8 228.8 185.0 45.2 109.8 490.2 137.7 26.5 7.0 365.7 24.7 76.2 (392.8) 367.8 (3.7) 47.0 36.6 399.0 93.5 78.4 42.7 350.2 53.7 87.4 3.4 230.4 (35.1) (36.2) 1.5 411.9 84.7 75.6 70.8 395 128.7 8.8 46.6 345.4 122.4 119.5 (3.6) 374.7 155.2 189.6 (25.8) 282.5 122.2 95.8 (20.0) 55.7 38.3 66.7 (39.0) 81.7 52.5 30.1 201.5 108.3 105.5
Per Share Data
EPS (Basic) 3.49 2.78 5.79 4.45 2.71 2.02 4.22 3.32 1.40 1.09 3.94 1.79 -0.19 -1.96 0.13 -2.05 -4.58 -5.33 -5.59 -5.29 -4.66 -6.09 -6.29 -7.83 -6.91 1.31 4.21 2.26 1.19 1.51 3.88 2.20 1.03 1.35 3.51 1.72 1.00 1.22 3.23 1.07 0.46 0.95 1.04 0.84 0.21 0.50 2.20 0.62 0.12 0.03 1.66 0.11 0.35 -1.80 1.69 -0.02 0.22 0.17 1.84 0.43 0.36 0.20 1.66 0.28 0.41 0.02 1.08 -0.16 -0.17 0.01 1.93 0.40 0.35 0.33 1.85 0.61 0.04 0.22 1.66 0.58 0.57 -0.02 1.79 0.76 0.94 -0.13 1.42 0.61 0.49 -0.10 0.29 0.20 0.35 -0.20 0.43 0.27 0.16 1.05 0.57 0.57
EPS (Diluted) 3.48 2.76 5.74 4.41 2.70 2.00 4.21 3.11 1.35 1.06 3.65 1.70 -0.19 -1.96 0.13 -2.05 -4.58 -5.33 -5.59 -5.29 -4.66 -6.09 -6.29 -7.83 -6.91 1.30 4.20 2.25 1.19 1.50 3.86 2.19 1.02 1.34 3.49 1.71 0.99 1.21 3.21 1.06 0.46 0.94 1.03 0.84 0.20 0.49 2.19 0.62 0.12 0.03 1.65 0.11 0.35 -1.80 1.68 -0.02 0.21 0.17 1.82 0.43 0.36 0.20 1.64 0.28 0.40 0.02 1.07 -0.16 -0.17 0.01 1.92 0.40 0.35 0.33 1.84 0.60 0.04 0.22 1.63 0.57 0.55 -0.02 1.64 0.72 0.86 -0.12 1.26 0.58 0.47 -0.10 0.28 0.20 0.34 -0.20 0.42 0.27 0.16 1.04 0.56 0.55
Shares Outstanding 270 271 272 272 269 269 263 257 257 256 256 256 255 255.2 255.1 255.0 254.8 254.8 254.7 254.6 243.0 224.6 214.2 209.4 209.1 209.2 209.6 209.5 209.3 209.0 209.1 211.7 212.6 213.8 214.7 215.1 214.9 214.6 214.8 215.3 216.9 218.7 220.0 219.9 219.6 220.6 222.5 222.2 221.3 220.2 219.7 219.5 219.1 218.3 217.9 217.9 217.6 217.0 217.1 217.0 216.5 215.8 215.2 215.0 214.3 213.8 213.8 213.8 213.7 213.5 213.5 213.5 213.3 212.9 213.0 212.6 212.3 211.5 208.1 211.3 211.4 208.8 209.8 203.0 201.6 200.1 199.1 198.8 197.4 195.5 193.2 193.0 196.4 192.5 192.2 192.2 191.2 192.0 191.0 182.5
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 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 512 825 432 735 386 388 418 391 437 497 600.1 726.4 1,226.9 1,935 1,566.2 2,102.2 1,968.5 2,701.8 3,289.3 4,250.4 5,091.5 3,684.5 3,016.8 4,146.7 3,890.8 243.7 276.7 235.0 248.2 287.9 254.8 109.0 111.2 120.1 139.9 130.5 109.3 132.6 178.4 175.2 117.4 318.8 278.1 284.6 309.8 455.9 411.9 706.3 553.0 330.1 529.0 150.8 242.6 641.8 764.6 819.1 285.7 177.8 195.6 94.0 102.9 63.5 664.8 156.8 108.3 172.9 350.7 370 548.1 110.8 135.3 44.8 37.6 40.4 97.2 28 27.1 31.3 31.1 34.8 31.4 23.9 38.8 57.3 27.3 32.3 30.9 41.6 34.6
Short-Term Investments 0 115 209 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 45.5 83.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 479 317 356 431 427 371 441 412 455 405 360.2 375.4 379.2 531 534.4 565.0 506.2 408.1 397.2 345.1 226.7 284.1 165.2 205.9 220.9 305.8 349.0 340.9 375.0 324.5 385.3 355.7 387.9 318.6 285.3 264.0 293.0 291.9 273.4 215.8 253.3 212.2 257.6 338.8 241.2 194.5 337.9 95.0 88.2 89.5 106.9 103.1 79.5 82.4 66.5 78.3 62.5 53.6 40.2 36.7 47.5 53.5 52.3 91.4 78.8 36.5 40 29 26 22.6 26.5 18.9 17.3 15.5 17.6 18.2 14.5 12.2 9.4 10.7 10.2 9.4 8.7 7.8 8 7.5 8.7 8.5 8.8
Inventory 271 264 269 247 256 265 265 242 236 248 241.5 215.9 221.3 224 237.2 229.1 179.5 150.2 142.4 132.9 119.4 118.7 142.4 152.6 177.7 162.1 167.2 168.0 157.9 153.6 152.2 121.9 110.8 111.4 119.9 109.1 108.4 114.1 118.8 112.4 121.4 110.7 111.3 107.9 102.5 92.0 88.8 65.0 56.6 53.3 48.3 44.7 37.3 34.8 34.2 32.9 31.8 30.1 26.9 27.2 23.9 26.4 30.4 30.8 30.8 31.8 28.8 28.7 35.9 37.3 38.2 26.2 21.8 22.7 18.8 18 19.3 16.8 16.4 15.9 13.6 13.6 12 12.1 10.8 10.4 11.4 13.7 14.8
Other Current Assets 942 690 621 1,037 759 681 707 841 742 642 578.9 651.1 586.2 515 63.5 172.3 178.2 54.2 70.4 56.2 48.7 70.1 10.2 0.9 0 21.8 11.6 38.6 60.5 19.6 106.9 94.5 73.9 99.3 52.8 0 0 0 0.9 89.5 120.5 0 0 114.1 111.9 33.0 0 94.9 109.1 0 160.2 129.0 0 82.4 61.7 75.5 85.4 0 44.6 47.5 54.7 0 45.2 40.8 46.3 0 27.8 31.9 47.6 40.4 115 30.9 36.6 33.8 56.5 31.1 46.8 27.5 28.2 47.4 50.8 71.2 25.7 23.8 28.4 30.8 34.1 40.1 37.5
Total Current Assets 2,204 2,211 1,887 2,450 1,828 1,705 1,831 1,886 1,870 1,792 1,780.7 1,968.8 2,413.6 3,205 2,837.0 3,560.9 3,176.9 3,600.3 4,167.4 5,009.2 5,650.0 4,311.7 3,531.8 4,684.4 4,594.2 1,162.6 1,204.0 1,283.0 1,333.1 1,242.0 1,359 1,099.9 1,034.5 907.6 798.2 767.6 756.7 748.3 803.1 857.9 892.3 911.1 917.2 1,026.4 910.5 900.2 1,060.3 961.1 806.9 574.5 844.3 427.5 447.7 841.4 927.0 1,005.8 465.5 310.7 307.3 205.4 229.0 194.4 792.7 319.8 264.2 286.3 447.3 459.6 657.6 211.1 315 120.8 113.3 112.4 190.1 95.3 107.7 87.8 85.1 108.8 106 118.1 85.2 101 74.5 81 85.1 103.9 95.7
Non-Current Assets
Property, Plant & Equipment 36,495 36,316 35,248 33,007 32,565 32,508 32,355 32,348 30,624 30,725 28,384.3 28,487.5 27,987.5 28,084 28,247.7 28,125.9 27,476.4 26,450.1 26,259.9 26,432.4 26,374.3 25,846.6 25,947.0 26,257.1 26,476.7 26,154.4 25,702.9 25,576.0 24,418.8 23,466.2 22,599.6 21,429.7 21,207.8 19,735.2 19,688.9 19,798.5 19,860.7 20,161.4 20,230.8 20,185.9 18,828.7 15,683.3 15,229.6 15,268.1 13,593.7 13,578.7 12,274.2 10,238.1 9,939.0 9,943.5 9,197.3 9,230.1 9,276.5 8,824.2 8,109.7 7,716.4 7,589.2 6,831.8 6,763.5 6,329.4 5,889.6 5,858.2 5,315 5,232.3 5,195.9 5,073 5,042.7 5,033.8 4,836.1 4,785.3 4,480.4 2,745.5 2,436.6 2,378.9 2,068.4 2,065.7 2,068.4 1,758.4 1,725.9 1,723.8 1,393.4 1,384.8 1,410.6 1,406.3 1,356.3 1,355.4 1,367.5 1,379.8 1,373.1
Goodwill 808 808 808 808 808 808 809 809 809 809 809.2 809.2 809.3 809 809.2 809.3 809.4 809.4 809.4 809.4 809.5 809.5 809.5 809.4 809.2 1,385.6 1,373.1 1,373.1 1,378.4 1,378.4 1,374.9 288.4 288.5 288.5 288.5 288.5 288.5 288.4 288.5 288.4 286.9 718.4 763.6 792.4 781.6 753.8 772.8 0 0 278.6 0 0 278.6 0 0 0 0 289.0 0 0 0 299.4 0 0 0 309.8 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 434.6 0 0 0 444.9 447.3 450.7 485.0 488.6 491.6 0 0 502.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 278.6 278.6 0 278.6 278.6 0 278.6 281.2 283.8 286.4 0 291.6 294.2 296.8 0 302 304.6 307.2 0 312.4 315 317.6 320.2 322.8 325.4 328 330.6 333.2 335.8 338.4 341 343.6 346.2 348.9 351.5 354.1 356.7 359.3 361.9 364.5 367.2 369.9
Long-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 0 0 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 Assets 2,483 2,284 2,166 2,277 2,251 2,049 2,072 1,931 1,887 1,805 1,794.4 1,657.8 1,660.1 1,678 1,570.3 1,447.2 1,477.2 964.1 1,428.9 1,440.9 1,513.3 1,052.5 1,093.2 1,104.9 1,080.0 1,129.1 1,053.9 1,576.8 1,589.8 1,109.6 1,760.0 1,239.0 1,440.2 1,429.6 1,323.8 1,169.5 1,111.4 1,112.2 1,127.9 1,139.3 955.5 990.2 1,126.7 1,146.7 1,050.9 958.4 1,058.6 535.8 534.0 526.1 562.5 540.2 535.7 569.0 583.6 582.7 545.0 397.0 390.1 34.0 29.8 28.5 18.2 17.7 17 16.9 17.7 19.1 21.8 23.1 15.8 20.1 21 20.3 19 17.8 17.4 16 32.6 16.6 14.5 10.6 11.4 10.4 12.1 13.5 12.7 10.7 11.4
Total Non-Current Assets 39,786 39,408 38,222 36,092 35,624 35,365 35,236 35,088 33,320 33,339 30,988.0 30,954.5 30,456.9 30,571 30,627.1 30,382.4 29,763.1 28,658.1 28,498.2 28,682.7 28,697.1 28,153.4 28,297.0 28,622.1 28,850.9 29,157.7 28,621.5 28,526.0 27,386.9 26,456.2 25,734.5 22,957.1 22,936.4 21,453.3 21,301.2 21,256.5 21,260.6 21,562.0 21,647.2 21,613.6 20,071.1 17,391.9 17,119.9 17,207.1 15,426.2 15,290.9 14,105.5 11,052.5 10,751.6 10,748.2 10,038.3 10,048.9 10,090.8 9,671.7 8,974.4 8,582.8 8,420.6 7,517.7 7,445.2 6,657.5 6,216.1 6,186.1 5,635.2 5,554.6 5,520.1 5,399.7 5,372.8 5,367.9 5,175.5 5,128.6 4,819 3,091 2,785.6 2,729.8 2,420.6 2,419.3 2,424.2 2,115.4 2,102.1 2,086.6 1,756.8 1,746.9 1,776.1 1,773.4 1,727.7 1,730.8 1,744.7 1,757.7 1,754.4
Total Assets 41,990 41,619 40,109 38,542 37,452 37,070 37,067 36,974 35,190 35,131 32,768.7 32,923.3 32,870.5 33,776 33,464.2 33,943.2 32,940.0 32,258.4 32,665.6 33,692.0 34,347.1 32,465.2 31,828.8 33,306.5 33,445.1 30,320.3 29,825.5 29,809.0 28,720.0 27,698.3 27,093.5 24,057.0 23,971.0 22,360.9 22,099.3 22,024.2 22,017.3 22,310.3 22,450.3 22,471.5 20,963.4 18,303.0 18,037.1 18,233.5 16,336.7 16,191.0 15,165.8 12,013.6 11,558.5 11,322.7 10,882.6 10,476.4 10,538.5 10,513.1 9,901.4 9,588.6 8,886.2 7,828.5 7,752.5 6,862.9 6,445.1 6,380.5 6,427.9 5,874.4 5,784.3 5,686.1 5,820.1 5,827.5 5,833.1 5,339.7 5,134 3,211.8 2,898.9 2,842.2 2,610.7 2,514.6 2,531.9 2,203.2 2,187.2 2,195.4 1,862.8 1,865 1,861.3 1,874.4 1,802.2 1,811.8 1,829.8 1,861.6 1,850.1
Current Liabilities
Account Payables 1,010 953 828 959 956 919 851 821 876 792 715.4 692.0 714.8 647 623.6 760.9 668.2 546.0 461.4 384.7 340.9 353.4 421.0 661.4 1,414.4 563.7 538.9 531.8 497.2 488.2 432.1 418.6 454.6 360.1 384.5 376.5 363.0 305.3 259.0 319.6 371.9 292.0 242.3 264.6 262.6 241.4 192.4 195.5 194.8 187.8 167.4 165.0 171.2 175.0 157.7 166.9 159.3 158.1 156.4 124.4 97.0 103.0 118.4 98.8 121.7 115.8 104.6 108.5 106.7 108.5 104.6 71 68.1 69.1 53.4 53 56.4 71.5 48.2 54.9 61.4 63.2 53.7 59.7 59.3 63 45.9 51.7 52
Short-Term Debt 1,527 3,270 3,074 1,402 1,396 1,603 1,868 1,332 1,643 1,720 2,044.0 1,713.3 2,055.3 2,088 3,945.1 5,466.5 2,558.5 2,243.1 956.7 970.6 221.3 1,371.1 1,256.7 1,075.2 3,755.6 2,620.8 1,865.3 1,992.8 2,758.4 2,422.3 2,527.4 1,177.6 1,144.0 1,188.5 1,515.7 1,541.5 1,728.0 1,285.7 1,298.0 895.4 895.5 1,001.3 1,255.7 756.2 723.3 473.6 558.6 1,080.7 314.3 315.2 190.9 122.7 122.5 122.4 45.8 45.7 110.1 109.9 109.9 119.0 118.9 128.1 128.1 128.1 128.1 127.9 132 129.3 141 141 117.3 13.6 13.3 13.1 12.8 12.6 12.3 6.2 6 6 0 0 30.7 30.7 70.9 70.9 69.7 77.9 147.3
Deferred Revenue 6,548 0 5,604 6,379 6,334 5,496 5,324 6,245 6,040 5,311 5,032.3 5,676.3 5,270.6 4,168 3,774.5 4,168.7 3,567.4 3,160.9 2,766.2 2,363.5 1,830.1 1,784.8 1,820.0 1,805.9 2,373.1 3,428.1 3,410.2 3,909.5 3,729.7 3,148.8 3,111.7 3,049.1 2,785.5 2,308.3 2,226.2 2,532.7 2,301.6 1,965.5 1,967.7 2,222.2 1,946.7 0 0 1,059.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,980 7,832 1,878 48 35 90 44 22 47 35 158.2 111.9 121.8 131 242.6 87.2 101.6 127.2 79.3 52.7 53.4 56.7 113.5 158.8 203.3 94.9 101.6 37.7 89.0 78.5 46.8 44.2 40.3 47.5 89.3 128.1 153.8 146.6 201.9 337.7 577.5 1,398.0 1,230.1 0 1,302.0 1,074.2 1,175.3 1,321.1 1,135.7 729.6 1,058.8 916.0 568.0 841.8 720.9 867.6 755.1 443.4 661.7 742.3 675.6 465.0 715.2 769.4 678.3 402.9 688.3 749.3 675 639.9 619.8 387.1 342.1 321.3 303.6 293.1 269.6 230.9 258.7 251.9 215.1 209.1 236.8 249.7 232.3 217.9 232.5 248.3 219.2
Total Current Liabilities 11,065 12,055 11,469 10,573 10,300 9,817 9,631 9,894 9,905 9,401 9,241.7 9,666.9 9,441.5 8,573 9,794.0 11,719.4 8,007.2 7,285.7 5,242.9 4,679.7 3,314.8 4,537.1 4,625.5 4,736.9 8,982.4 7,952.9 7,113.5 7,586.1 8,105.9 7,112.2 7,072.9 5,502.4 5,195.2 4,854.9 5,057.1 5,286.0 5,271.7 4,441.6 4,500.6 4,373.6 4,397.9 3,454.8 3,372.2 2,749.0 2,862.7 2,462.8 2,570.8 2,597.3 1,644.7 1,504.5 1,417.1 1,203.7 1,169.9 1,139.2 924.4 1,080.3 1,024.4 912.4 928.0 985.7 891.5 905.3 961.7 996.3 928.1 890.2 924.9 987.1 922.7 889.4 841.7 471.7 423.5 403.5 369.8 358.7 338.3 308.6 312.9 312.8 276.5 272.3 321.2 340.1 362.5 351.8 348.1 377.9 418.5
Non-Current Liabilities
Long-Term Debt 20,265 18,765 17,203 17,612 17,993 18,473 18,972 19,785 18,876 19,732 17,924.9 18,685.6 19,404.8 21,303 19,384.2 17,746.7 19,943.5 18,847.2 19,882.8 20,078.8 20,714.4 17,958.0 17,633.7 17,753.4 12,273.3 8,414.1 8,819.2 8,922.0 7,526.3 8,355.4 7,647.0 7,341.5 7,664.7 6,350.9 6,076.5 6,478.8 6,841.4 8,101.7 8,419.9 9,153.5 7,806.7 7,109.0 6,847.7 7,663.6 6,045.4 6,493.7 5,350.5 4,896.4 5,509.9 5,520.6 5,355.9 5,197.0 5,322.3 5,351.8 5,095.2 4,714.2 4,146.1 3,300.2 3,214.5 2,444.8 2,208.9 2,214.1 2,263.4 2,277.7 2,327 2,341.2 2,446.7 2,524.2 2,660 2,431.7 2,283.1 1,429.3 1,193.7 1,353.9 1,175.1 1,135.5 1,203.7 929.5 917.5 967.5 696 747.1 706.7 743.5 676.9 727.3 762.1 793.2 961.9
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 0 0 0 0 0 0 0 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 632 (46) 536 358 362 375 592 522 481 486 488.5 492.1 489.2 508 538.0 517.9 476.5 505.2 523.3 515.9 598.2 645.6 694.5 698.0 796.2 617.8 731.8 561.5 560.7 583.3 497.7 439.5 464.3 452.8 530.2 576.0 637.3 645.6 739.7 798.7 871.0 491.4 351.8 321.2 379.7 484.8 589.0 31.9 38.0 34.7 18.3 13.7 11.6 2.8 48.6 91.6 69.1 0 0 0 0 0 0 0 (0.1) 0 0 0 (0.1) (0.1) (0.1) 0 0.2 (0.1) 0.1 (0.1) 0 0 0 (0.1) 0 0 0 (0.1) 0 (0.1) (0.1) 0 0.1
Total Non-Current Liabilities 20,897 19,319 18,352 18,609 19,010 19,518 20,212 20,898 19,960 20,831 18,930.8 19,715.4 20,403.5 22,334 20,464.8 18,825.8 20,943.9 19,887.1 20,955.1 21,128.2 21,859.9 19,167.4 18,874.8 19,020.9 13,653.5 9,633.6 10,171.6 10,127.6 8,795.4 8,938.6 8,144.7 7,781.0 8,129.0 6,803.8 6,606.7 7,054.8 7,478.7 8,747.3 9,159.5 9,952.2 8,677.7 7,600.4 7,199.6 7,984.7 6,425.1 6,978.5 5,939.6 4,928.3 5,547.9 5,555.3 5,374.2 5,210.7 5,333.9 5,354.6 5,143.9 4,805.8 4,215.2 3,300.2 3,214.5 2,444.8 2,208.9 2,214.1 2,263.4 2,277.7 2,326.9 2,341.2 2,446.7 2,524.2 2,659.9 2,431.6 2,283 1,429.3 1,193.9 1,353.8 1,175.2 1,135.4 1,203.7 929.5 917.5 967.4 696 747.1 706.7 743.4 676.9 727.2 762 793.2 962
Total Liabilities 31,962 31,374 29,821 29,182 29,310 29,335 29,843 30,792 29,865 30,232 28,172.5 29,382.3 29,845.1 30,907 30,258.8 30,545.1 28,951.1 27,172.8 26,198.1 25,807.9 25,174.7 23,704.5 23,500.2 23,757.8 22,635.9 17,586.5 17,285.2 17,713.8 16,901.3 16,050.8 15,217.6 13,283.3 13,324.2 11,658.6 11,663.8 12,340.8 12,750.4 13,188.9 13,660.1 14,325.8 13,075.6 11,055.2 10,571.7 10,733.8 9,287.8 9,441.3 8,510.4 7,525.6 7,192.6 7,059.8 6,791.3 6,414.4 6,503.8 6,493.8 6,068.3 5,886.1 5,239.6 4,212.6 4,142.6 3,430.4 3,100.4 3,119.4 3,225.1 3,274 3,255 3,231.3 3,371.6 3,511.3 3,582.6 3,321 3,124.7 1,901 1,617.4 1,757.3 1,545 1,494.1 1,542 1,238.1 1,230.4 1,280.2 972.5 1,019.4 1,027.9 1,083.5 1,039.4 1,079 1,110.1 1,171.1 1,380.5
Stockholders' Equity
Common Stock 3 3 3 3 3 3 3 3 3 3 2.8 2.8 2.8 3 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.7 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.3 2.3 2.3 2.3 2.3 2.3 2.2 2.2 2.2 2.2 2.0 2.0 2.0 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.8 1.8 1.7 1.7 1.7 1.7 1.7 0.8 1.6 0.8 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0 0 0 0
Retained Earnings 6,460 5,925 5,443 4,144 3,139 2,612 2,207 1,204 350 (10) (287.5) (1,296.6) (1,755.3) (1,707) (1,207.2) (1,240.2) (718.6) 302.3 1,659.2 3,083.8 4,431.1 5,562.8 6,929.7 8,276.5 9,915.8 11,523.3 11,412.8 10,692.9 10,366.6 10,263.3 10,093.9 9,429.8 9,090.5 9,022.4 8,862.4 8,238.1 7,971.8 7,860.3 7,702.3 7,112.1 6,962.9 4,902.9 4,842.4 4,754.9 4,521.2 4,556.3 4,076.0 2,328.6 2,232.3 2,162.2 2,041.2 2,010.7 1,982.6 1,969.4 1,795.4 1,661.2 1,604.4 1,576.9 1,571.8 1,395.3 1,308.2 1,226.0 1,210.7 1,062.5 995.5 923.7 918.6 786.9 722.9 660.7 653.6 591.5 563.7 535.5 517.7 473.5 443.5 419 410.9 369.5 344.9 300.6 288.8 246.7 219 189.3 176.5 147.3 119.8
Accumulated Other Comprehensive Income (385) (604) (528) (519) (695) (802) (753) (654) (617) (674) (645.0) (680.0) (677.9) (644) (792.5) (551.3) (494.6) (710.9) (675.8) (664.0) (708.9) (739.3) (869.1) (951.2) (1,095.6) (797.7) (946.4) (653.2) (579.0) (627.7) (230.6) (265.2) (182.8) (334.3) (526.9) (761.0) (892.3) (916.5) (1,077.5) (1,172.1) (1,322.6) (245.8) 40.5 182.7 (23.5) (353.6) 65.6 0 0 5.8 0 0 3.7 0 0 0 0 0 0 0 0 0 0 0 0 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 Stockholders' Equity 9,810 10,037 10,092 9,169 7,960 7,563 7,045 6,008 5,151 4,724 4,423.0 3,363.6 2,851.6 2,869 3,205.4 3,398.1 3,988.9 5,085.6 6,467.5 7,884.0 9,172.4 8,760.7 8,328.6 8,963.9 10,231.8 12,163.8 11,976.9 11,538.4 11,269.1 11,105.5 11,338.1 10,773.7 10,646.8 10,702.3 10,435.5 9,683.4 9,266.8 9,121.4 8,790.1 8,145.7 7,887.8 7,247.8 7,465.4 7,499.7 7,048.8 6,749.7 6,655.5 4,488.0 4,365.8 4,262.9 4,091.3 4,062.0 4,034.7 4,019.3 3,833.2 3,702.5 3,646.5 3,615.9 3,609.9 3,432.5 3,344.8 3,261.2 3,202.8 2,600.4 2,529.3 2,454.8 2,448.5 2,316.2 2,250.5 2,018.7 2,009.3 1,310.8 1,281.5 1,084.9 1,065.7 1,020.5 989.9 965.1 956.8 915.2 890.3 845.6 833.4 790.9 762.8 732.8 719.7 690.5 469.6
Total Liabilities & Equity 41,990 41,619 40,109 38,542 37,452 37,070 37,067 36,974 35,190 35,131 32,768.7 32,923.3 32,870.5 33,776 33,464.2 33,943.2 32,940.0 32,258.4 32,665.6 33,692.0 34,347.1 32,465.2 31,828.8 33,306.5 33,445.1 30,320.3 29,825.5 29,809.0 28,720.0 27,698.3 27,093.5 24,057.0 23,971.0 22,360.9 22,099.3 22,024.2 22,017.3 22,310.3 22,450.3 22,471.5 20,963.4 18,303.0 18,037.1 18,233.5 16,336.7 16,191.0 15,165.8 12,013.6 11,558.5 11,322.7 10,882.6 10,476.4 10,538.5 10,513.1 9,901.4 9,588.6 8,886.2 7,828.5 7,752.5 6,862.9 6,445.1 6,380.5 6,427.9 5,874.4 5,784.3 5,686.1 5,820.1 5,827.5 5,833.1 5,339.7 5,134 3,211.8 2,898.9 2,842.2 2,610.7 2,514.6 2,531.9 2,203.2 2,187.2 2,195.4 1,862.8 1,865 1,861.3 1,874.4 1,802.2 1,811.8 1,829.8 1,861.6 1,850.1
Debt Metrics
Total Debt 21,792 22,635 20,975 19,737 20,119 20,820 21,556 21,772 21,185 22,130 20,567.2 21,018.4 22,048.0 23,994 23,947.1 23,846.0 23,100.1 21,694.0 21,459.9 21,667.8 21,580.4 19,995.6 19,539.2 19,500.9 16,711.7 11,733.5 11,398.1 11,651.4 11,081.6 10,777.7 10,174.4 8,519.1 8,808.7 7,539.5 7,592.2 8,020.3 8,569.4 9,387.4 9,717.9 10,048.9 8,702.2 8,110.4 8,103.4 8,419.8 6,768.7 6,967.3 5,909.1 5,977.2 5,824.2 5,835.8 5,546.8 5,319.8 5,444.8 5,474.2 5,141.1 4,759.9 4,256.2 3,410.1 3,324.4 2,563.7 2,327.8 2,342.2 2,391.5 2,405.8 2,455.1 2,469.1 2,578.7 2,653.5 2,801 2,572.7 2,400.4 1,442.9 1,207 1,367 1,187.9 1,148.1 1,216 935.7 923.5 973.5 696 747.1 737.4 774.2 747.8 798.2 831.8 871.1 1,109.2
Net Debt 21,280 21,810 20,543 19,002 19,733 20,432 21,138 21,381 20,748 21,633 19,967.1 20,291.9 20,821.2 22,059 22,380.9 21,743.8 21,131.6 18,992.2 18,170.6 17,417.4 16,489.0 16,311.1 16,522.4 15,354.2 12,820.9 11,489.8 11,121.4 11,416.4 10,833.4 10,489.8 9,919.6 8,410.1 8,697.5 7,419.3 7,452.3 7,889.8 8,460.1 9,254.8 9,539.4 9,873.7 8,584.8 7,791.5 7,825.3 8,135.2 6,458.9 6,511.4 5,497.2 5,270.8 5,271.2 5,505.7 5,017.9 5,168.9 5,202.3 4,832.4 4,376.5 3,940.9 3,970.5 3,232.3 3,128.8 2,469.7 2,224.9 2,278.7 1,726.7 2,249 2,346.8 2,296.2 2,228 2,283.5 2,252.9 2,461.9 2,265.1 1,398.1 1,169.4 1,326.6 1,090.7 1,120.1 1,188.9 904.4 892.4 938.7 664.6 723.2 698.6 716.9 720.5 765.9 800.9 829.5 1,074.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income 942 762 1,579 1,214 736 559 1,115 858 364 278.9 1,010 463 (48) (500.2) 33.0 (521.6) (1,167.1) (1,357.0) (1,424.6) (1,347.3) (1,131.7) (1,366.9) (1,339.3) (1,631.8) (1,437.0) 280.5 890.4 480.0 256.8 320.5 810.4 466.3 218.7 288.0 752.8 369.5 214.7 261.1 693.3 229.9 99.1 374.7 155.2 189.6 122.2 95.8 (20.0) 191.9 55.7 53.2 38.3 193.5 66.7 52.8 (39.0) 159.2 81.7 30.1 201.5 108.3 105.5 38.4 170 85.3 90.2 23.5 150 79.8 77.5 22.4 75.9 40.7 38.5 26.8 53.1 38.2 32.8 16.5 49.6 31.5 51.4 21 49 36.9 35.4 18.4 40.6 27.5 20.2
Depreciation & Amortization 461 453 436 417 412 410 410 393 387 368.1 366 361 360 360.6 355.1 351.5 339.5 333.4 325.9 323.4 310.2 318.0 317.1 319.8 324.3 321.8 320.3 311.6 292.3 280.2 259.9 253.4 240.2 240.4 240.2 234.9 235.7 233.2 229.3 221.6 210.8 101.0 100.0 99.8 97.7 96.6 630.7 (90.7) (88.7) (88.7) 592.6 (85.5) (85.1) (82.8) 520.6 (76.8) (74.9) 399.8 (57.5) (54.7) (56.6) 343.8 (50.2) (48.5) (47.2) 341.6 (52) (47.4) (47.6) (43.3) (47.1) (27.5) (25.9) (23.3) (23.2) (23.6) (21.1) (21.3) (21.4) (19.2) (18.2) (19.6) (19.6) (19.2) (19.5) (22) (21.7) (21.3) (21.5)
Stock-Based Compensation 38 39 44 39 53 158 26 38 45 46.7 13 40 26 11.8 14.2 (12.7) 22.8 8.2 19.9 16.7 18.8 9.9 21.1 16.2 (7.4) 24.7 9.3 14.7 27.3 (17.4) 31.6 11.7 20.2 17.0 17.1 18.1 17.3 0 8.7 7.6 5.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 349 60 (743) 181 529 420 (915) 255 444 421.8 (726) 529 947 646.3 (470.0) 583.0 214.0 728.2 464.3 452.7 (163.6) (133.7) (82.1) (1,255.8) 140.3 9.9 (323.9) 253.3 505.4 135.1 (295.6) 172.0 422.8 (76.0) (178.0) 241.8 350.4 (4.5) (267.4) 326.3 190.5 (229.6) 121.1 131.4 164.0 108.8 169.3 3.8 21 (28.6) 120.3 5.3 (22.1) 29.7 (79.1) (130.4) 187.8 26.0 (108.1) 108.9 0.2 (55.3) 0.7 61 (4.8) (43.6) (71.9) 91.4 24.6 45.2 6.3 48.9 14.8 24.7 8.6 33.4 (1.5) (7) 3.4 26.6 (10.6) (17.1) (21.6) 21.3 12.1 0 0 27.8 3.7
Other Non-Cash Items 36 309 157 (110) (102) (65) 251 24 88 5.8 (7) (6) 36 65.3 28.4 84.5 65.0 93.7 234.2 98.9 160.7 351.5 227.7 307.1 1,178.3 (30.6) 14.6 56.7 (6.3) 13.6 11.1 103.6 23.8 (50.6) (36.2) (2.1) (22.3) 25.0 64.9 8.1 (29.1) (33.5) 13.2 (39.1) 12.8 12.6 (614.0) 195.9 276.5 190.5 (597.2) 104.3 362.4 177.3 (342.6) 166.5 80.0 (397.6) 174.6 108.8 114.2 (295) 101.4 98.1 95.5 (296.8) 105.1 97.4 95.3 81.3 95.8 55.6 52.5 36.8 47.1 47.9 42.8 43.1 43.5 39.1 17.6 40.9 39.6 38.6 39.3 52 28 42.6 43
Operating Cash Flow 1,834 1,623 1,469 1,746 1,627 1,467 897 1,573 1,328 1,116.0 659 1,392 1,310 576.6 (44.5) 478.6 (528.8) (205.0) (403.2) (460.4) (809.2) (825.4) (857.4) (2,247.5) 198.7 609.3 911.5 1,117.1 1,078.5 732.2 815.4 1,007.5 924.1 420.0 795.3 862.8 796.5 515.7 730.0 793.0 477.9 212.6 389.5 381.7 396.6 313.8 166.0 300.9 264.5 126.4 154.1 217.6 321.8 177.1 59.9 118.5 274.5 58.2 210.5 271.2 163.4 31.9 221.9 195.9 133.7 24.7 131.2 221.2 149.8 105.6 130.9 117.7 79.9 65 85.6 95.9 53 31.3 75.1 78 40.2 25.2 47.4 77.6 67.3 48.4 46.9 76.6 45.4
Investing Activities
Capital Expenditure (500) (1,507) (2,458) (836) (428) (552) (334) (2,140) (242) (2,568.4) (281) (796) (252) (166.8) (225.5) (954.7) (1,363.1) (575.4) (368.1) (224.5) (1,061.7) (391.9) (181.3) (139.3) (1,252.6) (682.8) (475.8) (1,396.0) (470.1) (1,150.9) (296.2) (492.6) (1,720.2) (176.8) (115.8) (148.8) (122.8) (180.5) (266.6) (1,797.4) (249.8) (168.2) (77.5) (74.9) (396.8) (79.2) (494.1) (437.3) (55.8) (42.3) (537.9) 0 (116.3) (84.3) (574.7) (140.9) (199.4) (128.0) (580.5) (491.8) (85.3) (592.6) (130.2) (82.2) (167.5) (169.8) (57.2) (332.1) (92.4) (311.2) (534.7) (332.2) (80.5) (330.8) (46) (17.4) (328.2) (31.3) (20.4) (347.6) (28.2) (40.5) (20.7) (66.6) (17.7) (8.3) (6.7) (25.4) (40.1)
Acquisitions 0 0 62 (36) (26) (20) (27) (11) (9) (9.0) (22) 0 0 0.6 0 (0.6) 0 (0.1) 0 0.3 (70.4) (12.7) 0 (85.9) (2) (18.7) (3.8) (3.0) 0 (12.0) (931.3) 0 0 (10.4) 0 0 0 (0.5) (8.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (41) (12) 11 (9) (2) (69) 31 (57) (35) (19.7) (52) (8) (6) 33.5 (124.3) (187.2) (77.9) (19.3) (20.8) (6.8) (27.4) (21.4) (22.4) (20.9) (96.6) 17.8 (30.9) (55.1) (0.7) (47.2) (16.0) (34.9) 0 0 0 0 0 (40.3) (11.6) 0 0 0 0 (56.5) (234.9) (303.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 17 0 0 0 0 0 2 12 0 11.9 5 13 5 9.6 6.9 30.4 5.7 17.0 2.7 21.0 3.8 12.1 2.2 0.4 1.1 1.2 0.2 0.4 5.8 2.5 4.8 4.7 64.5 6.2 22.1 21.1 13.8 0 0 0 13.1 0 0 56.5 182 129.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (5) 40 (2) 175 16 0 17 (2) (10) 11.4 22 4 19 6.3 (0.4) 27.6 (7.9) (6.6) 9.6 (6.2) 188.1 24.0 4.3 (4.5) 8.8 (6.6) 7.3 4.8 14.5 77.0 21.1 27.0 10.6 45.4 8.0 11.8 232.6 14.1 (18.3) (178.3) (0.0) 351.6 (6.7) (1.2) (16.3) 12.3 (35.6) (14.9) (12.6) (10.1) 15.5 (16.5) (2.4) (2.9) (16.2) (5) (19.5) (7.7) (265.0) (3.8) (2.3) (11.2) (1.5) (1.4) (0.9) 94.3 (0.4) 95.4 (0.1) 25.1 67.7 (3.2) (1.5) 37.7 (0.7) (1.7) (1.3) (3.7) 0.7 2.4 54.3 (1.1) (0.1) (0.2) 1.1 0.4 (0.2) 0.7 (0.5)
Investing Cash Flow (529) (1,479) (2,387) (706) (440) (641) (311) (2,198) (296) (2,573.8) (328) (787) (234) (116.8) (343.4) (1,084.4) (1,443.1) (584.5) (376.6) (216.1) (967.6) (389.9) (197.2) (250.3) (1,341.2) (689.1) (502.9) (1,449.0) (450.4) (1,130.5) (1,217.6) (495.8) (1,645.1) (135.6) (85.7) (115.9) 123.6 (207.3) (305.1) (1,975.7) (236.7) 183.4 (84.2) (76.1) (466.0) (240.7) (529.7) (452.1) (68.4) (52.4) (522.4) 32.1 (118.7) (87.2) (591.0) (145.9) (218.9) (135.7) (845.6) (495.6) (87.6) (603.7) (131.7) (83.6) (168.4) (75.4) (57.6) (236.7) (92.5) (286.1) (467) (335.4) (82) (293.1) (46.7) (19.1) (329.5) (35) (19.7) (345.2) 26.1 (41.6) (20.8) (66.8) (16.6) (7.9) (6.9) (24.7) (40.6)
Financing Activities
Net Debt Issuance (298) (10) 1,230 (474) (746) (737) (554) 584 (1,051) 1,492.8 (457) (1,082) (1,959) (63.0) (52.5) 782.4 1,342.3 239.2 (162.4) (107.5) 1,651.5 460.1 (5.8) 3,142.8 5,033.1 313.4 (216.1) 496.7 (501.2) 604.4 888.3 (251.1) 1,150.5 (51.9) (462.3) (619.5) (834.4) (247.3) (341.4) 1,424.9 136.7 (262.3) (300.4) (600.1) 156.2 (25.0) 309.1 (24.9) 208.5 (133.3) (26.4) (178.1) (220.8) (178.0) 512.3 (5.5) 501.9 84.7 760.7 236.0 (14.5) (54.4) (12.9) (47.8) (12.8) (107.7) (72.9) (145.8) 227.4 176 76.7 235.2 (160.1) 178.8 39.8 (68.1) 280.2 12 (50.1) 277.4 (51.2) 9.5 (36.8) 26.3 (50.3) (33.6) (39.3) (238.2) (11.8)
Stock Repurchased (836) (504) (414) 0 (241) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (99.6) 0 0 0 0 (205.6) (94.4) (275.0) (100.0) (125.0) 0 0 (0.0) (49.9) (50.0) (200.0) (249.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (270) 288 (204) (200) (148) (107) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (162.9) (163.6) (163.1) (146.3) (146.4) (146.8) (146.0) (126.8) (126.8) (127.8) (128.3) (103.1) (103.1) (102.9) (102.9) 0 (80.7) (162.9) 0 (26.8) (28.0) (25.9) (28.5) (48.1) 0 (25.1) (25.1) (25.1) (25.0) (25.0) (25.0) (25.0) (25.0) (25.0) (25.0) (25.0) (21.1) (23.3) (23.1) (21.8) (18.4) (18.3) (18.3) (18.3) (15.8) (15.3) (15.3) (13.9) (11.9) (8.9) (8.9) (9) (8.2) (8.3) (8.3) (8.2) (7) (7) (7) (7) (5.7) (5.7) (5.7) (11.4) 0 (15)
Other Financing Activities (213) 480 3 (22) (56) (8) (5) (4) (40) (140.4) 0 (23) 175 (28.9) (94.3) (40.4) (104.6) (37.2) (18.0) (62.0) (84.8) 1,419.9 (68.7) (226.0) (79.3) (6.1) (3.6) (31.5) (19.6) (26.0) (4.1) (25.5) (35.8) (25.9) (9.8) (2.5) (7.0) (2.9) (12.2) (47.0) (20.6) 1.9 (1.6) 0.1 26.3 (12.8) 52.7 27.2 (1.3) (7.4) 20.6 1.4 6.8 15.8 6.4 3.4 0.8 0.1 0.9 0.5 1.4 10.8 452.5 2.5 1.1 (1.0) (1.7) (1.1) 2.5 (4.8) (0.7) 1.9 0.9 1.4 (0.5) 0.5 0.4 0.2 (0.9) 0.3 (0.7) (0.9) (1.4) (1.4) 0.3 0.2 (0.1) 193.4 0
Financing Cash Flow (1,617) 254 615 (696) (1,191) (852) (559) 580 (1,091) 1,352.4 (457) (1,105) (1,784) (91.9) (146.9) 742.0 1,237.7 202.0 (180.4) (164.9) 3,183.9 1,880.0 (74.4) 2,754.0 4,790.2 44.5 (366.0) 318.8 (667.7) 432.3 551.8 (497.9) 711.9 (306.1) (700.2) (725.1) (944.4) (353.1) (403.5) 1,247.2 (246.8) (504.8) (318.6) (622.9) 169.9 (24.1) 313.7 2.3 182.1 (165.8) (30.9) (201.7) (239.1) (187.2) 493.7 (27.1) 477.7 59.7 736.6 215.5 (36.4) (29.5) 417.8 (63.7) (30) (127.0) (92.9) (162.7) 380.1 155.9 426.6 225 (0.8) 171.3 30.3 (75.8) 272.3 3.9 (59.2) 270.7 (58.9) 1.6 (45.2) 19.2 (55.7) (39) (50.8) (44.8) (26.8)
Cash Position
Net Change in Cash (313) 393 (303) 349 (2) (30) 27 (46) (60) (103.1) (127) (501) (708) 368.8 (536.0) 133.7 (733.3) (587.6) (961.0) (841.1) 1,407.0 667.7 (1,129.9) 255.9 3,647.1 (33.0) 41.7 (13.2) (39.7) 33.0 145.8 (2.2) (8.9) (19.8) 9.5 21.2 (23.3) (45.8) 3.3 57.8 (4.2) (108.8) (13.3) (317.2) 100.5 49.0 (50.0) (148.9) 378.2 (91.8) (399.2) 47.9 (36.0) (97.4) (37.4) (54.5) 533.4 (17.8) 101.6 (8.9) 39.4 (601.3) 508 48.5 (64.6) (177.8) (19.3) (178.1) 437.3 (24.5) 90.5 7.2 (2.8) (56.8) 69.2 0.9 (4.2) 0.2 (3.7) 3.4 7.5 (14.8) (18.6) 30 (5) 0 0 0 (56.5)
Cash at Beginning 825 432 735 386 388 418 391 437 497 600.1 726 1,227 1,935 1,566.2 2,102.2 1,968.5 2,701.8 3,289.3 4,250.4 5,091.5 3,684.5 3,016.8 4,146.7 3,890.8 243.7 276.7 235.0 248.2 287.9 254.8 109.0 111.2 120.1 139.9 130.5 109.3 132.6 178.4 175.2 117.4 121.6 298.0 311.3 628.6 379.1 330.1 380.0 529.0 150.8 242.6 641.8 593.9 629.8 727.2 764.6 819.1 285.7 195.6 94.0 102.9 63.5 664.8 156.8 108.3 172.9 350.7 370 548.1 110.8 135.3 44.8 37.6 40.4 97.2 28 27.1 31.3 31.1 34.8 31.4 23.9 38.7 57.3 27.3 32.3 0 0 0 56.5
Cash at End 512 825 432 735 386 388 418 391 437 497 600 726 1,227 1,935.0 1,566.2 2,102.2 1,968.5 2,701.8 3,289.3 4,250.4 5,091.5 3,684.5 3,016.8 4,146.7 3,890.8 243.7 276.7 235.0 248.2 287.9 254.8 109.0 111.2 120.1 139.9 130.5 109.3 132.6 178.4 175.2 117.4 189.2 298.0 311.3 479.6 379.1 330.1 380.0 529.0 150.8 242.6 641.8 593.9 629.8 727.2 764.6 819.1 177.8 195.6 94.0 102.9 63.5 664.8 156.8 108.3 172.9 350.7 370 548.1 110.8 135.3 44.8 37.6 40.4 97.2 28 27.1 31.3 31.1 34.8 31.4 23.9 38.7 57.3 27.3 0 0 0 0
Free Cash Flow 1,334 116 (989) 910 1,199 915 563 (567) 1,086 (1,452.4) 378 596 1,058 409.8 (270.1) (476.0) (1,891.9) (780.5) (771.3) (684.9) (1,870.9) (1,217.3) (1,038.8) (2,386.9) (1,053.8) (73.5) 435.8 (279.0) 608.3 (418.7) 519.2 514.8 (796.1) 243.2 679.5 714.0 673.7 335.2 463.4 (1,004.3) 228.1 44.4 312.0 306.8 (0.2) 234.6 (328.1) (136.4) 208.6 84.1 (383.8) 266.1 205.5 92.7 (514.8) (22.4) 75.2 (69.8) (370.0) (220.6) 78.1 (560.7) 91.7 113.7 (33.8) (145.1) 74 (110.9) 57.4 (205.6) (403.8) (214.5) (0.6) (265.8) 39.6 78.5 (275.2) 0 54.7 (269.6) 12 (15.3) 26.7 11 49.6 40.1 40.2 51.2 5.3
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 4,452 4,259 5,139 4,538 3,999 3,761 4,886 4,110 3,728 3,331.4 4,160 3,523 2,886 2,604.0 2,993.1 2,184.2 1,059.2 982.2 457.0 50.9 42.0 34.1 (33.7) 175.6 2,032.8 2,517.4 3,186.8 2,806.6 2,439.8 2,332.3 2,796.2 2,337.6 2,027.8 2,004.5 2,569.5 2,195.3 2,008.6 1,909.6 2,563.7 2,105.3 1,917.8 1,902.1 2,523.1 2,058.3 1,815.6 1,817.8 2,388.8 1,980.0 1,887.2 1,854.2 2,311.7 1,882.8 1,911.2 1,806.2 2,226.4 1,821.0 1,834.5 1,775.4 2,322.0 1,767.9 1,672.0 1,604.5 2,060.7 1,601.7 1,485.7 1,451.7 1,763.5 1,349.0 1,325.6 1,456.3 2,063.4 1,583.8 1,429.1 1,491.1 1,953.6 1,481.3 1,223.1 1,153.2 1,636.9 1,293.0 1,146.5 1,029.6 1,502.2 1,203.2 1,168.1 964.6 1,386.1 1,143.0 1,061.7 878.0 905.8 780.9 821.8 656.0 821.7 726.9 642.1 835.2 680.7 707.8
Gross Profit 2,205 1,564 2,660 2,255 1,921 1,709 2,495 1,958 1,672 1,441.1 2,023 1,568 1,093 821.5 1,026.6 504.3 (125.7) (153.3) (356.7) (373.9) (241.5) (231.1) (342.3) (504.8) 521.9 1,035.9 1,563.8 1,262.1 1,026.1 971.9 1,384.8 1,023.2 851.7 858.8 1,251.3 938.5 832.7 786.4 1,223.6 794.7 676.2 728.7 1,136.1 741.9 593.0 573.1 961.9 649.4 583.2 571.5 894.9 559.1 629.0 548.2 878.1 525.0 579.4 524.5 916.7 582.5 570.9 497.5 821.0 515.5 460.4 414.4 647.5 383.6 373.3 (869.8) 787.7 492.8 466.9 465.5 804.3 515.8 381.8 402.9 692.7 468.0 416.4 325.8 657.6 463.1 462.5 (715.2) 598.7 435.6 407.3 281.4 325.4 270.9 322.9 211.1 317.7 270.5 228.3 390.3 290.1 304.6
Operating Income 1,162 933 1,702 1,329 945 624 1,634 1,099 750 569.7 1,265 771 272 15.5 298.4 (218.6) (859.2) (1,031.7) (1,005.8) (1,023.5) (809.2) (1,016.5) (996.1) (1,282.5) (1,306.4) 299.4 890.8 573.7 318.8 364.0 799.7 456.9 274.1 307.3 737.5 419.7 279.5 296.8 735.0 282.3 163.1 249.9 258.0 261.3 105.7 119.3 529.5 195.6 97.5 75.0 444.2 113.3 165.6 (281.3) 452.1 96.9 135.4 106.2 507.7 168.2 149.5 121.7 445.5 143.7 91.8 82.4 306.8 55.1 44.3 63.6 461.9 168.9 137.6 138.0 482.8 200.9 79.6 113.5 419.6 184.2 141.1 55.8 400.5 214.1 201.2 170.1 358.4 194.6 160.5 1,829.3 (463.3) 1,669.6 (368.3) 1,508.5 (368.7) (366.3) 1,301.2 (208.7) (259.4) (263.5)
Net Income 941 754 1,579 1,210 730 552 1,111 854 360 277.1 1,009 459 (48) (500.2) 33.0 (521.6) (1,167.1) (1,357.0) (1,424.6) (1,347.3) (1,131.7) (1,366.9) (1,346.8) (1,639.3) (1,444.5) 273.1 883.2 472.8 249.7 315.7 810.4 466.3 218.7 288.0 752.8 369.5 214.7 261.1 693.3 229.9 99.1 206.8 228.8 185.0 45.2 109.8 490.2 137.7 26.5 7.0 365.7 24.7 76.2 (392.8) 367.8 (3.7) 47.0 36.6 399.0 93.5 78.4 42.7 350.2 53.7 87.4 3.4 230.4 (35.1) (36.2) 1.5 411.9 84.7 75.6 70.8 395 128.7 8.8 46.6 345.4 122.4 119.5 (3.6) 374.7 155.2 189.6 (25.8) 282.5 122.2 95.8 (20.0) 55.7 38.3 66.7 (39.0) 81.7 52.5 30.1 201.5 108.3 105.5
EPS (Diluted) 3.48 2.76 5.74 4.41 2.70 2.00 4.21 3.11 1.35 1.06 3.65 1.70 -0.19 -1.96 0.13 -2.05 -4.58 -5.33 -5.59 -5.29 -4.66 -6.09 -6.29 -7.83 -6.91 1.30 4.20 2.25 1.19 1.50 3.86 2.19 1.02 1.34 3.49 1.71 0.99 1.21 3.21 1.06 0.46 0.94 1.03 0.84 0.20 0.49 2.19 0.62 0.12 0.03 1.65 0.11 0.35 -1.80 1.68 -0.02 0.21 0.17 1.82 0.43 0.36 0.20 1.64 0.28 0.40 0.02 1.07 -0.16 -0.17 0.01 1.92 0.40 0.35 0.33 1.84 0.60 0.04 0.22 1.63 0.57 0.55 -0.02 1.64 0.72 0.86 -0.12 1.26 0.58 0.47 -0.10 0.28 0.20 0.34 -0.20 0.42 0.27 0.16 1.04 0.56 0.55
Balance Sheet
Cash & Equivalents 512 825 432 735 386 388 418 391 437 497 600.1 726.4 1,226.9 1,935 1,566.2 2,102.2 1,968.5 2,701.8 3,289.3 4,250.4 5,091.5 3,684.5 3,016.8 4,146.7 3,890.8 243.7 276.7 235.0 248.2 287.9 254.8 109.0 111.2 120.1 139.9 130.5 109.3 132.6 178.4 175.2 117.4 318.8 278.1 284.6 309.8 455.9 411.9 706.3 553.0 330.1 529.0 150.8 242.6 641.8 764.6 819.1 285.7 177.8 195.6 94.0 102.9 63.5 664.8 156.8 108.3 172.9 350.7 370 548.1 110.8 135.3 44.8 37.6 40.4 97.2 28 27.1 31.3 31.1 34.8 31.4 23.9 38.8 57.3 27.3 32.3 30.9 41.6 34.6
Total Assets 41,990 41,619 40,109 38,542 37,452 37,070 37,067 36,974 35,190 35,131 32,768.7 32,923.3 32,870.5 33,776 33,464.2 33,943.2 32,940.0 32,258.4 32,665.6 33,692.0 34,347.1 32,465.2 31,828.8 33,306.5 33,445.1 30,320.3 29,825.5 29,809.0 28,720.0 27,698.3 27,093.5 24,057.0 23,971.0 22,360.9 22,099.3 22,024.2 22,017.3 22,310.3 22,450.3 22,471.5 20,963.4 18,303.0 18,037.1 18,233.5 16,336.7 16,191.0 15,165.8 12,013.6 11,558.5 11,322.7 10,882.6 10,476.4 10,538.5 10,513.1 9,901.4 9,588.6 8,886.2 7,828.5 7,752.5 6,862.9 6,445.1 6,380.5 6,427.9 5,874.4 5,784.3 5,686.1 5,820.1 5,827.5 5,833.1 5,339.7 5,134 3,211.8 2,898.9 2,842.2 2,610.7 2,514.6 2,531.9 2,203.2 2,187.2 2,195.4 1,862.8 1,865 1,861.3 1,874.4 1,802.2 1,811.8 1,829.8 1,861.6 1,850.1
Total Debt 21,792 22,635 20,975 19,737 20,119 20,820 21,556 21,772 21,185 22,130 20,567.2 21,018.4 22,048.0 23,994 23,947.1 23,846.0 23,100.1 21,694.0 21,459.9 21,667.8 21,580.4 19,995.6 19,539.2 19,500.9 16,711.7 11,733.5 11,398.1 11,651.4 11,081.6 10,777.7 10,174.4 8,519.1 8,808.7 7,539.5 7,592.2 8,020.3 8,569.4 9,387.4 9,717.9 10,048.9 8,702.2 8,110.4 8,103.4 8,419.8 6,768.7 6,967.3 5,909.1 5,977.2 5,824.2 5,835.8 5,546.8 5,319.8 5,444.8 5,474.2 5,141.1 4,759.9 4,256.2 3,410.1 3,324.4 2,563.7 2,327.8 2,342.2 2,391.5 2,405.8 2,455.1 2,469.1 2,578.7 2,653.5 2,801 2,572.7 2,400.4 1,442.9 1,207 1,367 1,187.9 1,148.1 1,216 935.7 923.5 973.5 696 747.1 737.4 774.2 747.8 798.2 831.8 871.1 1,109.2
Stockholders' Equity 9,810 10,037 10,092 9,169 7,960 7,563 7,045 6,008 5,151 4,724 4,423.0 3,363.6 2,851.6 2,869 3,205.4 3,398.1 3,988.9 5,085.6 6,467.5 7,884.0 9,172.4 8,760.7 8,328.6 8,963.9 10,231.8 12,163.8 11,976.9 11,538.4 11,269.1 11,105.5 11,338.1 10,773.7 10,646.8 10,702.3 10,435.5 9,683.4 9,266.8 9,121.4 8,790.1 8,145.7 7,887.8 7,247.8 7,465.4 7,499.7 7,048.8 6,749.7 6,655.5 4,488.0 4,365.8 4,262.9 4,091.3 4,062.0 4,034.7 4,019.3 3,833.2 3,702.5 3,646.5 3,615.9 3,609.9 3,432.5 3,344.8 3,261.2 3,202.8 2,600.4 2,529.3 2,454.8 2,448.5 2,316.2 2,250.5 2,018.7 2,009.3 1,310.8 1,281.5 1,084.9 1,065.7 1,020.5 989.9 965.1 956.8 915.2 890.3 845.6 833.4 790.9 762.8 732.8 719.7 690.5 469.6
Cash Flow
Operating Cash Flow 1,834 1,623 1,469 1,746 1,627 1,467 897 1,573 1,328 1,116.0 659 1,392 1,310 576.6 (44.5) 478.6 (528.8) (205.0) (403.2) (460.4) (809.2) (825.4) (857.4) (2,247.5) 198.7 609.3 911.5 1,117.1 1,078.5 732.2 815.4 1,007.5 924.1 420.0 795.3 862.8 796.5 515.7 730.0 793.0 477.9 212.6 389.5 381.7 396.6 313.8 166.0 300.9 264.5 126.4 154.1 217.6 321.8 177.1 59.9 118.5 274.5 58.2 210.5 271.2 163.4 31.9 221.9 195.9 133.7 24.7 131.2 221.2 149.8 105.6 130.9 117.7 79.9 65 85.6 95.9 53 31.3 75.1 78 40.2 25.2 47.4 77.6 67.3 48.4 46.9 76.6 45.4
Capital Expenditure (500) (1,507) (2,458) (836) (428) (552) (334) (2,140) (242) (2,568.4) (281) (796) (252) (166.8) (225.5) (954.7) (1,363.1) (575.4) (368.1) (224.5) (1,061.7) (391.9) (181.3) (139.3) (1,252.6) (682.8) (475.8) (1,396.0) (470.1) (1,150.9) (296.2) (492.6) (1,720.2) (176.8) (115.8) (148.8) (122.8) (180.5) (266.6) (1,797.4) (249.8) (168.2) (77.5) (74.9) (396.8) (79.2) (494.1) (437.3) (55.8) (42.3) (537.9) 0 (116.3) (84.3) (574.7) (140.9) (199.4) (128.0) (580.5) (491.8) (85.3) (592.6) (130.2) (82.2) (167.5) (169.8) (57.2) (332.1) (92.4) (311.2) (534.7) (332.2) (80.5) (330.8) (46) (17.4) (328.2) (31.3) (20.4) (347.6) (28.2) (40.5) (20.7) (66.6) (17.7) (8.3) (6.7) (25.4) (40.1)
Free Cash Flow 1,334 116 (989) 910 1,199 915 563 (567) 1,086 (1,452.4) 378 596 1,058 409.8 (270.1) (476.0) (1,891.9) (780.5) (771.3) (684.9) (1,870.9) (1,217.3) (1,038.8) (2,386.9) (1,053.8) (73.5) 435.8 (279.0) 608.3 (418.7) 519.2 514.8 (796.1) 243.2 679.5 714.0 673.7 335.2 463.4 (1,004.3) 228.1 44.4 312.0 306.8 (0.2) 234.6 (328.1) (136.4) 208.6 84.1 (383.8) 266.1 205.5 92.7 (514.8) (22.4) 75.2 (69.8) (370.0) (220.6) 78.1 (560.7) 91.7 113.7 (33.8) (145.1) 74 (110.9) 57.4 (205.6) (403.8) (214.5) (0.6) (265.8) 39.6 78.5 (275.2) 0 54.7 (269.6) 12 (15.3) 26.7 11 49.6 40.1 40.2 51.2 5.3