Regeneron Pharmaceuticals, Inc. logo REGN - Regeneron Pharmaceuticals, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 32
HOLD 16
SELL 0
STRONG
SELL
0
| PRICE TARGET: $843.84 DETAILS
HIGH: $995.00
LOW: $641.00
MEDIAN: $860.00
CONSENSUS: $843.84
UPSIDE: 32.08%
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 14,342.9 14,202 13,117.2 12,172.9 16,071.7 8,497.1 6,557.6 6,710.8 5,872.2 4,860.4 4,103.7 2,819.6 2,104.7 1,378.5 445.8 459.1 379.3 238.5 125.0 63.4 66.2 174.0 57.5 22.0 22.0 59.3 34.5 38.2 33.1 24.1 27.4 23.2 10.6
Cost of Revenue 2,100.7 1,970.5 2,244.5 1,705.2 2,723.7 1,355.8 975.4 582.3 542.5 404.4 467.6 257.7 196.6 121.4 35.3 21.8 15.9 12.2 0 22.7 25.1 151.3 6.7 6.5 6.5 15.6 3.6 5 2.6 1.1 0 0 0
Gross Profit 12,242.2 12,231.5 10,872.7 10,467.7 13,348 7,141.3 5,582.2 6,128.5 5,329.7 4,456.0 3,636.1 2,561.9 1,908.2 1,257.1 410.5 437.3 363.3 226.2 0 40.7 41.1 22.7 50.8 15.5 15.5 43.7 30.9 33.2 30.5 23 27.4 23.2 10.6
Operating Expenses
R&D Expenses 5,850.2 5,233 3,986.7 3,056.1 2,621.9 2,499.1 2,239.7 2,037.9 1,929.7 1,947.5 1,545.7 1,218.7 818.7 588.6 498.4 469.6 384.5 266.7 190.1 122.1 137.9 136.1 136.0 124.9 91.5 56.3 44.9 37 27.8 28.3 23.3 39.7 0
SG&A Expenses 2,700 2,954.4 2,539.5 2,115.9 1,824.9 1,346 1,341.9 1,556.2 1,320.4 1,177.7 838.5 504.8 328.9 208.0 117.3 65.2 52.9 49.3 37.9 25.9 25.4 17.1 14.8 12.5 9.6 8.3 6.4 5.8 5.8 5.9 5.8 8.5 46.3
Other Expenses 114.1 53.4 (2.1) (89.9) (45.6) (280.4) (209.2) 0 0 0 0 (1,204.2) (801.3) 0 0 0 0 0 11.5 0 0 (136.1) 0 0 0 4.4 3.4 3 4.4 6.1 5.9 4.2 3.1
Operating Expenses 8,664.3 8,240.8 6,524.1 5,082.1 4,401.2 3,564.7 3,372.4 3,594.1 3,250.1 3,125.2 2,384.2 1,723.4 1,147.7 796.6 615.7 534.8 437.4 316.1 228.0 148.0 163.3 17.1 150.8 137.5 101.1 69.0 54.7 45.8 38 40.3 35 52.4 49.4
Operating Income
Operating Income 3,577.9 3,990.7 4,348.6 5,385.6 8,946.8 3,576.6 2,209.8 2,534.4 2,079.6 1,330.7 1,251.9 823.9 743.0 460.5 (205.2) (97.5) (74.1) (89.8) (114.5) (107.3) (124.4) 5.6 (100.0) (122.0) (85.7) (25.3) (23.8) (12.5) (7.5) (17.3) (7.6) (29.2) (38.8)
Interest Expense 43.8 55.2 73 59.4 57.3 56.9 30.2 28.2 25.1 7.2 14.2 37.4 46.4 45.3 21.3 9.1 2.3 7.8 12.0 0 0 0 0 0 0 4.6 0 0 3.4 14.3 14.7 0 0
Interest Income 716.8 711.4 495.9 160.1 0 0 0 0 0 0 6.3 5.8 2.7 2.0 3.5 2.0 4.4 20.7 26.8 16.5 10.4 5.5 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 5,818.2 5,318 4,693.3 5,259.6 9,669.3 4,103.2 2,669.6 2,729.9 2,249.1 1,441.8 1,314.2 865.8 801.0 496.7 (170.5) (75.7) (55.4) (61.3) (82.1) (76.5) (67.9) 69.2 (91.5) (113.5) (79.6) (20.9) (20.4) (9.5) (9.3) (11.2) (1.7) (25) (35.7)
EBIT 5,274.5 4,835.1 4,272.3 4,918.2 9,383.1 3,867.3 2,459.3 2,581.7 2,103.6 1,337.0 1,239.3 813.1 759.8 459.7 (201.6) (95.3) (69.6) (72.6) (93.6) (91.1) (83.4) 53.9 (100.0) (122.0) (85.7) (25.3) (23.8) (12.5) (13.7) (17.3) (7.6) (29.2) (38.8)
Income Before Tax 5,230.7 4,779.9 4,199.3 4,858.8 9,325.8 3,810.4 2,429.1 2,553.5 2,078.5 1,329.8 1,225.1 775.7 713.4 414.4 (222.9) (104.5) (72.0) (80.4) (93.6) (91.1) 124.4 53.9 (95.5) (112.5) (73.5) (29.9) (22.8) (8.2) (7.5) (17.3) (7.6) 0 0
Income Tax Expense 725.8 367.3 245.7 520.4 1,250.5 297.2 313.3 109.1 880 434.3 589.0 427.7 289.0 (335.8) (1.1) 0 (4.1) 2.4 (29.8) (21.9) 178.8 (84.3) 3.0 (7.0) (21.7) 2.5 (1.7) (8.4) 7.5 29.4 30.6 1.5 1.1
Net Income 4,504.9 4,412.6 3,953.6 4,338.4 8,075.3 3,513.2 2,115.8 2,444.4 1,198.5 895.5 636.1 348.1 424.4 750.3 (221.8) (104.5) (67.8) (82.7) (105.6) (102.3) (95.4) 41.7 (107.5) (124.4) (76.2) (23.2) (23.1) (8.6) (11.6) (32.4) (23.5) (30.7) (39.9)
Per Share Data
EPS (Basic) 43.07 40.90 37.05 40.51 76.40 32.65 19.38 21.29 11.27 8.55 6.17 3.36 4.23 7.92 -2.45 -1.26 -0.85 -1.05 -1.59 -1.77 -1.71 0.75 -2.13 -2.83 -1.81 -0.66 -0.74 -0.28 -0.40 -1.32 -1.19 -1.62 -2.41
EPS (Diluted) 41.48 38.34 34.77 38.22 71.97 30.52 18.46 21.29 10.34 7.70 5.52 2.98 3.72 6.75 -2.45 -1.26 -0.85 -1.05 -1.59 -1.77 -1.71 0.74 -2.13 -2.83 -1.81 -0.66 -0.73 -0.28 -0.40 -1.32 -1.19 -1.62 -2.41
Shares Outstanding 104.6 107.9 106.7 107.1 105.7 107.6 109.2 114.8 115.9 116.2 115.2 113.4 111.2 111.1 90.6 82.9 79.8 78.8 66.3 58.0 56.0 55.4 50.4 43.9 42.1 35.2 31.2 30.7 29.0 24.5 19.7 19.0 16.6
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 3,118.1 2,488.2 2,730 3,105.9 2,885.6 2,193.7 1,617.8 1,467.7 812.7 535.2 207.1 247.8 101.2 118.3 80.1 247.4 31.0 23.7 19.8 28.9 34.5 32.7 23.6 12.5
Short-Term Investments 5,487.1 6,524.3 8,114.8 4,636.4 2,809.1 1,393.3 1,596.5 1,342.2 596.8 503.5 134.3 227.0 194.7 175.5 184.2 137.7 86.6 42.5 0 0 0 0 0 0
Net Receivables 5,741.1 6,211.9 5,667.3 5,328.7 6,036.5 4,114.7 2,785.6 2,243.2 1,974.3 1,611.6 65.6 35.2 43.1 15.5 4.0 3.0 13.8 0.6 5.7 6.6 4.3 2.7 1.7 1.7
Inventory 3,200.8 3,087.3 2,580.5 2,401.9 1,951.3 1,916.6 1,415.5 1,151.2 726.1 399.4 0 0 3.2 9.0 6.8 4.0 1.9 4.6 0 0 0 0 0 0
Other Current Assets 474.8 349.2 386.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.6 67.4 64.1 46.2 13.8 26.7 77.6
Total Current Assets 18,021.9 18,660.9 19,479.2 15,884.1 14,014.9 9,779.1 7,689.1 7,959.3 5,596.6 3,913.9 425.5 521.4 344.0 320.2 276.9 394.2 134.1 73 92.9 99.6 85 49.2 52 91.8
Non-Current Assets
Property, Plant & Equipment 5,120.4 4,599.7 4,146.4 3,763 3,482.2 3,221.6 2,890.4 2,575.8 2,358.6 2,083.4 259.7 87.9 71.2 80.7 76.8 39.4 36.9 36.3 33 32.7 34.3 27.9 27.7 22.4
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
Intangible Assets 1,257.4 1,148.6 1,038.6 915.5 6.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 10,260.6 8,900.1 5,396.5 6,591.8 6,838 3,135.6 3,256.8 1,755 1,486.5 864.3 47.1 51.1 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1,821.2 1,136 444.1 336.4 216.1 168.1 144.7 127.4 77.9 20.3 8.9 9.7 57.9 78.6 37.8 61.8 37.2 27.7 31 36.1 18.3 16.7 14.5 3.4
Total Non-Current Assets 22,536.8 19,098.5 13,601 13,330.4 11,419.9 7,384.2 7,116.1 5,286.9 4,429.3 3,793.3 315.7 202.8 129.2 159.3 114.6 101.2 74.1 64 64 68.8 52.6 44.6 42.2 25.8
Total Assets 40,558.7 37,759.4 33,080.2 29,214.5 25,434.8 17,163.3 14,805.2 11,734.5 8,764.3 6,973.5 741.2 670.0 473.1 479.6 391.6 495.4 208.3 137 156.9 168.4 137.6 93.8 94.2 117.6
Current Liabilities
Account Payables 939 789.5 606.6 589.2 564 475.5 418.1 218.2 178.2 135.0 18.6 6.3 4.4 18.9 30.3 14.8 9.4 6.6 5.6 4.7 4.4 6.3 5 10.3
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 13.8 0.1 0.4 0.6 1.4 1.1 1.8 3.6 3.5 3.1 1.6
Deferred Revenue 553 627.7 458.9 477.9 442 577.7 591.7 452.5 320.1 231.7 44.5 209.9 15.3 40.2 9.7 6.8 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 0 85 0 0 1.2 0 0 0 0 0 0 0 5.3 2.7 4.2 4 3.1 9.8 1.2
Total Current Liabilities 4,368.4 3,944.3 3,423.4 3,141.3 3,932.5 2,697.4 2,096.6 1,442.8 1,135.5 1,241.5 93.6 83.7 34.1 72.9 40.1 22.0 13.8 13.3 9.4 10.7 12 12.9 17.9 13.1
Non-Current Liabilities
Long-Term Debt 1,985.9 1,984.4 1,982.9 1,981.4 1,980 1,978.5 0 0 0 0 0 5.1 200 200 200 200 1.5 2.7 3.1 3.8 5.1 6 9.2 5.9
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
Other Non-Current Liabilities 2,018.8 1,571.4 854.1 638 680.2 687.1 799.7 546.6 949.3 100.4 4.0 0 0 0.2 0 0 10.3 11.5 13.2 15 13.6 7 0 0.2
Total Non-Current Liabilities 4,933.4 4,461.5 3,683.7 3,409.2 2,733.5 3,440.6 1,618.9 1,534.4 1,484.7 1,282.7 250.9 219.0 256.4 269.0 205.5 207.0 12.4 14.2 16.3 18.8 18.7 13 9.2 6.1
Total Liabilities 9,301.8 8,405.8 7,107.1 6,550.5 6,666 6,138 3,715.5 2,977.2 2,620.2 2,524.2 344.4 251.2 290.6 341.9 245.6 229.0 26.1 27.5 25.7 29.5 30.7 25.9 27.1 19.2
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0 0 0 0 0 0 0
Retained Earnings 35,797.1 31,672.9 27,260.3 23,306.7 18,968.3 10,893 7,379.8 5,254.3 2,946.7 1,748.2 (941.1) (875.9) (489.8) (531.5) (424.1) (299.7) (223.5) (200.3) (177.2) (168.6) (157) (124.6) (101.1) (70.4)
Accumulated Other Comprehensive Income 77.5 (7.9) (80.9) (238.8) (26.2) 29.3 21.1 (12.3) 0.6 (12.8) 1.0 (0.1) (3.1) (4.0) (3.2) (1.6) (0.8) (0.5) (26.6) (23.6) (5.9) (5.9) 0 0
Total Stockholders' Equity 31,256.9 29,353.6 25,973.1 22,664 18,768.8 11,025.3 11,089.7 8,757.3 6,144.1 4,449.2 396.8 418.9 182.5 137.6 146.0 266.4 182.1 109.5 131.2 138.9 106.9 67.9 67.1 98.4
Total Liabilities & Equity 40,558.7 37,759.4 33,080.2 29,214.5 25,434.8 17,163.3 14,805.2 11,734.5 8,764.3 6,973.5 741.2 670.0 473.1 479.6 391.6 495.4 208.3 137 156.9 168.4 137.6 93.8 94.2 117.6
Debt Metrics
Total Debt 2,705.9 2,704.4 2,702.9 2,701.4 2,699.7 2,695.7 713.9 708.5 703.5 481.1 109.0 5.1 200 213.8 200.2 200.6 2.7 4.1 4.2 5.6 8.7 9.5 12.3 7.5
Net Debt (412.2) 216.2 (27.1) (404.5) (185.9) 502 (903.9) (759.2) (109.3) (54.1) (98.1) (242.7) 98.8 95.5 120.1 (46.8) (28.3) (19.6) (15.6) (23.3) (25.8) (23.2) (11.3) (5)
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 4,504.9 4,412.6 3,953.6 4,338.4 8,075.3 3,513.2 2,115.8 2,444.4 1,198.5 895.5 (95.4) 41.7 (107.5) (124.4) (76.2) (23.2) (23.1) (8.6) (11.6) (32.4) (23.5) (30.7) (39.9)
Depreciation & Amortization 543.7 482.9 421 341.4 286.2 235.9 210.3 148.2 145.5 104.7 15.5 15.4 12.9 8.5 6.1 4.4 3.4 3 4.4 6.1 5.9 4.2 3.1
Stock-Based Compensation 993.7 982.8 885 725 601.7 432 464.3 427.4 507.3 559.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 532.6 (618.3) (94.1) (243.3) (1,916.5) (1,503.6) (200.5) (697) (926.5) 228.2 27.8 (58.7) 84.3 3.6 11.0 (15.3) 1.2 (7.4) (2.6) (8.5) (14.8) (3) 3.1
Other Non-Cash Items (810.6) (82.2) 266.3 599.8 181.7 (135) (29.3) 12.1 63.6 57.6 21.9 (15.2) 4.1 1.8 1.8 6.1 4.7 2.8 3.7 14.5 14.2 9 3.6
Operating Cash Flow 4,978.9 4,420.5 4,594 5,014.9 7,081.3 2,618.1 2,430 2,195.1 1,307.1 1,485.9 (30.3) (16.9) (6.1) (110.5) (57.3) (27.9) (13.8) (10.2) (6.1) (20.3) (18.2) (20.5) (30.1)
Investing Activities
Capital Expenditure (898.4) (755.9) (926.4) (590.1) (551.9) (614.6) (429.6) (383.1) (272.6) (511.9) (5.0) (6.2) (29.7) (34.4) (8.2) (6.5) (5.7) (3) (2.1) (8.6) (3.3) (6.9) (10.2)
Acquisitions (3.3) (16.5) (54.9) (230.3) 551.9 614.6 429.6 1,069.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (10,958.3) (16,617.4) (11,646) (7,487.9) (7,048.1) (3,241) (3,202.4) (1,845.5) (1,277.1) (809.4) (103.0) (276.3) (287.5) (240.0) (191.4) (104.9) (60.1) (88) (112.6) (74.6) (28.1) (22.5) (77.3)
Sales/Maturities of Investments 11,546.2 15,027.3 9,442.2 5,550.5 2,215.3 3,785 1,604.2 775.6 544.6 274.5 223.4 277.9 253.3 215.8 124.2 53.7 83.2 93.5 75.9 38.9 38.8 61.3 68.5
Other Investing Activities 0 (105.6) 0 (1,026.8) (551.9) (614.6) (429.6) (1,079.9) (0.0) (0.0) 0 0 0 0 0 0 0.1 (0.1) (0.1) 0 0 0 (4.6)
Investing Cash Flow (629.1) (2,468.1) (3,185.1) (3,784.6) (5,384.7) (70.6) (2,027.8) (1,463) (1,005.2) (1,046.9) 115.5 (4.6) (63.8) (58.5) (75.4) (57.7) 17.5 2.4 (38.9) (44.3) 7.4 31.9 (23.6)
Financing Activities
Net Debt Issuance 0 0 0 0 0 1,981.9 0 0 37.1 (40.6) 0 3.8 13.5 (0.4) 190.6 (1.5) (1.1) (1.9) (3.9) (3.7) (3.3) (0.3) (1.2)
Stock Repurchased (3,970.7) (3,632.4) (2,935.6) (2,528.5) (2,678.1) (6,527.6) (463.9) (191.6) (301.7) (143.2) 0 (0.9) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (370.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (10.3) (33.4) 0 (445.7) (1,032.7) 2,575.2 (188) (187.2) 0 (516.6) 0 0 0 0 0 0 0 0 (0.1) 0 0 0.1 (0.1)
Financing Cash Flow (3,715.4) (2,200.5) (1,790.1) (1,009) (1,005.8) (1,970.5) (252.1) (77.1) (24.4) (700.4) 4.1 4.4 108.2 1.7 349.1 92.9 0.3 (1.4) 39.4 66.3 19.9 (0.2) 49.8
Cash Position
Net Change in Cash 634.7 (248.8) (381.6) 221.3 690.8 577 150.1 655 277.5 (273.9) 89.3 (17.1) 38.2 (167.3) 216.4 7.3 3.9 (9.2) (5.6) 1.7 9.1 11.2 (3.9)
Cash at Beginning 2,489 2,737.8 3,119.4 2,898.1 2,207.3 1,630.3 1,480.2 825.2 535.2 809.1 95.2 118.3 80.1 247.4 31.0 23.7 19.8 28.9 34.5 32.7 23.6 12.5 16.4
Cash at End 3,123.7 2,489 2,737.8 3,119.4 2,898.1 2,207.3 1,630.3 1,480.2 812.7 535.2 184.5 101.2 118.3 80.1 247.4 31.0 23.7 19.7 28.9 34.4 32.7 23.7 12.5
Free Cash Flow 4,080.5 3,664.6 3,667.6 4,424.8 6,529.4 2,003.5 2,000.4 1,812 1,034.5 974 (35.3) (23.1) (35.8) (144.9) (65.5) (34.4) (19.5) (13.2) (8.2) (28.9) (21.5) (27.4) (40.3)
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 14,342.9 14,202 13,117.2 12,172.9 16,071.7 8,497.1 6,557.6 6,710.8 5,872.2 4,860.4 4,103.7 2,819.6 2,104.7 1,378.5 445.8 459.1 379.3 238.5 125.0 63.4 66.2 174.0 57.5 22.0 22.0 59.3 34.5 38.2 33.1 24.1 27.4 23.2 10.6
Gross Profit 12,242.2 12,231.5 10,872.7 10,467.7 13,348 7,141.3 5,582.2 6,128.5 5,329.7 4,456.0 3,636.1 2,561.9 1,908.2 1,257.1 410.5 437.3 363.3 226.2 0 40.7 41.1 22.7 50.8 15.5 15.5 43.7 30.9 33.2 30.5 23 27.4 23.2 10.6
Operating Income 3,577.9 3,990.7 4,348.6 5,385.6 8,946.8 3,576.6 2,209.8 2,534.4 2,079.6 1,330.7 1,251.9 823.9 743.0 460.5 (205.2) (97.5) (74.1) (89.8) (114.5) (107.3) (124.4) 5.6 (100.0) (122.0) (85.7) (25.3) (23.8) (12.5) (7.5) (17.3) (7.6) (29.2) (38.8)
Net Income 4,504.9 4,412.6 3,953.6 4,338.4 8,075.3 3,513.2 2,115.8 2,444.4 1,198.5 895.5 636.1 348.1 424.4 750.3 (221.8) (104.5) (67.8) (82.7) (105.6) (102.3) (95.4) 41.7 (107.5) (124.4) (76.2) (23.2) (23.1) (8.6) (11.6) (32.4) (23.5) (30.7) (39.9)
EPS (Diluted) 41.48 38.34 34.77 38.22 71.97 30.52 18.46 21.29 10.34 7.70 5.52 2.98 3.72 6.75 -2.45 -1.26 -0.85 -1.05 -1.59 -1.77 -1.71 0.74 -2.13 -2.83 -1.81 -0.66 -0.73 -0.28 -0.40 -1.32 -1.19 -1.62 -2.41
Balance Sheet
Cash & Equivalents 3,118.1 2,488.2 2,730 3,105.9 2,885.6 2,193.7 1,617.8 1,467.7 812.7 535.2 207.1 247.8 101.2 118.3 80.1 247.4 31.0 23.7 19.8 28.9 34.5 32.7 23.6 12.5
Total Assets 40,558.7 37,759.4 33,080.2 29,214.5 25,434.8 17,163.3 14,805.2 11,734.5 8,764.3 6,973.5 741.2 670.0 473.1 479.6 391.6 495.4 208.3 137 156.9 168.4 137.6 93.8 94.2 117.6
Total Debt 2,705.9 2,704.4 2,702.9 2,701.4 2,699.7 2,695.7 713.9 708.5 703.5 481.1 109.0 5.1 200 213.8 200.2 200.6 2.7 4.1 4.2 5.6 8.7 9.5 12.3 7.5
Stockholders' Equity 31,256.9 29,353.6 25,973.1 22,664 18,768.8 11,025.3 11,089.7 8,757.3 6,144.1 4,449.2 396.8 418.9 182.5 137.6 146.0 266.4 182.1 109.5 131.2 138.9 106.9 67.9 67.1 98.4
Cash Flow
Operating Cash Flow 4,978.9 4,420.5 4,594 5,014.9 7,081.3 2,618.1 2,430 2,195.1 1,307.1 1,485.9 (30.3) (16.9) (6.1) (110.5) (57.3) (27.9) (13.8) (10.2) (6.1) (20.3) (18.2) (20.5) (30.1)
Capital Expenditure (898.4) (755.9) (926.4) (590.1) (551.9) (614.6) (429.6) (383.1) (272.6) (511.9) (5.0) (6.2) (29.7) (34.4) (8.2) (6.5) (5.7) (3) (2.1) (8.6) (3.3) (6.9) (10.2)
Free Cash Flow 4,080.5 3,664.6 3,667.6 4,424.8 6,529.4 2,003.5 2,000.4 1,812 1,034.5 974 (35.3) (23.1) (35.8) (144.9) (65.5) (34.4) (19.5) (13.2) (8.2) (28.9) (21.5) (27.4) (40.3)