RGA - Reinsurance Group of America, Incorporated
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$243.67
DETAILS
HIGH:
$268.00
LOW:
$208.00
MEDIAN:
$249.50
CONSENSUS:
$243.67
UPSIDE:
13.84%
| 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 | 22,791 | 22,043 | 18,392 | 15,880 | 16,061 | 14,584 | 14,199 | 12,876 | 12,516 | 11,521.5 | 10,418.2 | 10,904.2 | 10,318.4 | 9,840.9 | 8,829.5 | 8,261.7 | 7,066.8 | 5,681.2 | 5,718.4 | 5,193.7 | 4,584.8 | 4,038.9 | 3,205.0 | 2,382 | 1,968.3 | 1,725.7 | 1,607.1 | 1,344.5 | 978.2 | 771.2 | 668.1 | 525.8 | 441.4 |
| Cost of Revenue | 17,003 | 19,555 | 16,061 | 14,309 | 14,207 | 13,040 | 12,098 | 11,067 | 10,488 | 9,668.6 | 8,953.8 | 9,249.1 | 9,081.6 | 8,352.4 | 7,531.6 | 6,994.7 | 6,101.5 | 5,053.0 | 4,877.9 | 4,204.7 | 3,817.3 | 3,269.6 | 2,566.6 | 1,931.0 | 1,681.0 | 1,347.0 | 1,285.4 | 986.4 | 788.2 | 678.5 | 98.1 | 78.6 | 70.9 |
| Gross Profit | 5,788 | 2,488 | 2,331 | 1,571 | 1,854 | 1,544 | 2,101 | 1,809 | 2,028 | 1,852.9 | 1,464.3 | 1,655.1 | 1,236.7 | 1,488.5 | 1,297.9 | 1,267.0 | 965.3 | 628.2 | 840.5 | 989 | 767.5 | 769.4 | 638.4 | 451.0 | 287.3 | 378.7 | 321.7 | 358.1 | 190.0 | 92.7 | 570 | 447.2 | 370.5 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.4 | 7.9 | 8.3 | 28.7 | 52.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Expenses | 4,248 | 1,508 | 1,171 | 853 | 469 | 991 | 969 | 963 | 885 | 809.0 | 719.6 | 646.6 | 601.5 | 569.3 | 522.0 | 453.0 | 364.7 | 319.1 | 313.5 | 537.6 | 411.2 | 400.2 | 366.8 | 257.0 | 221.1 | 203.7 | 228.6 | 220.1 | (632.3) | (554.2) | 0 | 0 | 0 |
| Operating Expenses | 4,248 | 1,508 | 1,171 | 853 | 469 | 991 | 969 | 963 | 885 | 809.0 | 719.6 | 646.6 | 601.5 | 569.3 | 534.4 | 460.8 | 373.0 | 347.8 | 365.5 | 537.6 | 411.2 | 400.2 | 366.8 | 257.0 | 221.1 | 203.7 | 228.6 | 220.1 | (632.3) | (554.2) | 0 | 0 | 0 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 1,540 | 980 | 1,160 | 718 | 1,385 | 553 | 1,132 | 846 | 1,143 | 1,043.9 | 744.8 | 1,008.5 | 635.3 | 919.2 | 763.6 | 806.2 | 592.3 | 280.4 | 474.9 | 451.4 | 356.3 | 369.2 | 271.6 | 194 | 66.2 | 175 | 93.1 | 138.0 | 822.3 | 646.9 | 570 | 447.2 | 370.5 |
| Interest Expense | 366 | 304 | 257 | 191 | 139 | 170 | 173 | 147 | 146 | 137.6 | 142.9 | 96.7 | 124.3 | 105.3 | 102.6 | 91.0 | 69.9 | 76.2 | 76.9 | 306.8 | 249.8 | 237.4 | 216.5 | 35.5 | 129.8 | 122.4 | 164.1 | 162.1 | 7.8 | 6.2 | 0 | 0 | 0 |
| Interest Income | 0 | 341 | 317 | 253 | 351 | 279 | 297 | 324 | 465 | 381.2 | 343.0 | 447.4 | 545.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 1,949 | 1,330 | 1,458 | 947 | 1,567 | 772 | 1,354 | 1,038 | 1,342 | 1,208.4 | 918.8 | 1,120.5 | 759.6 | 1,024.6 | 866.2 | 897.2 | 662.3 | 356.6 | 476.2 | 704.8 | 565.9 | 574.0 | 447.9 | 193.6 | 157.0 | 261.5 | 230.5 | 301.6 | (6.3) | (1.6) | 562.7 | 445.4 | 369.2 |
| EBIT | 1,906 | 1,284 | 1,417 | 909 | 1,524 | 723 | 1,305 | 993 | 1,289 | 1,181.6 | 887.7 | 1,105.2 | 759.6 | 1,024.6 | 866.2 | 897.2 | 662.3 | 356.6 | 551.8 | 758.2 | 606.1 | 606.6 | 488.1 | 229.5 | 196 | 297.4 | 257.2 | 300.1 | 7.8 | 6.2 | 570 | 447.2 | 370.5 |
| Income Before Tax | 1,540 | 980 | 1,160 | 718 | 1,385 | 553 | 1,132 | 846 | 1,143 | 1,043.9 | 744.8 | 1,008.5 | 635.3 | 919.2 | 763.6 | 806.2 | 592.3 | 280.4 | 474.9 | 451.4 | 356.3 | 369.2 | 271.6 | 194 | 66.2 | 175 | 93.1 | 138.0 | 113 | 90.9 | 74.4 | 64 | 54.3 |
| Income Tax Expense | 351 | 256 | 251 | 197 | 215 | 138 | 262 | 130 | (679) | 342.5 | 242.6 | 324.5 | 216.4 | 287.3 | 217.5 | 270.4 | 185.3 | 92.6 | 166.6 | 158.1 | 120.7 | 123.9 | 93.3 | 65.5 | 26.2 | 69.3 | 39.1 | 49.1 | 40.4 | 33.1 | 27.1 | 23.6 | 20.2 |
| Net Income | 1,182 | 717 | 902 | 517 | 1,170 | 415 | 870 | 716 | 1,822 | 701.4 | 502.2 | 684.0 | 418.8 | 631.9 | 546.0 | 535.7 | 407.1 | 176.8 | 293.8 | 288.2 | 224.2 | 221.9 | 173.1 | 122.8 | 33 | 77.7 | 40.9 | 62.1 | 54.6 | 55.1 | 47.3 | 40.4 | 34.1 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 17.94 | 10.90 | 13.60 | 7.73 | 9.10 | 6.35 | 13.88 | 11.25 | 28.28 | 10.91 | 7.55 | 9.88 | 5.82 | 8.57 | 8.15 | 7.69 | 5.59 | 2.84 | 4.75 | 4.71 | 3.58 | 3.56 | 3.37 | 2.49 | 0.67 | 1.57 | 0.89 | 1.50 | 1.44 | 1.45 | 1.25 | 1.05 | 1.00 |
| EPS (Diluted) | 17.69 | 10.73 | 13.44 | 7.64 | 9.04 | 6.31 | 13.62 | 11.00 | 27.71 | 10.79 | 7.46 | 9.78 | 5.78 | 8.52 | 8.09 | 7.69 | 5.55 | 2.84 | 4.57 | 4.57 | 3.52 | 3.52 | 3.36 | 2.47 | 0.66 | 1.56 | 0.88 | 1.46 | 1.42 | 1.44 | 1.25 | 1.05 | 1.00 |
| Shares Outstanding | 66.1 | 65.8 | 67.1 | 67.7 | 67.8 | 65.4 | 62.7 | 63.7 | 64.4 | 64.3 | 66.6 | 69.2 | 71.9 | 73.7 | 73.6 | 74.7 | 73.3 | 63.9 | 61.9 | 61.2 | 62.6 | 62.3 | 51.4 | 49.3 | 49.3 | 49.5 | 45.9 | 41.4 | 37.9 | 38 | 37.8 | 38.5 | 34.1 |
| 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 | 4,168 | 3,326 | 2,970 | 2,927 | 2,948 | 3,408 | 1,449 | 1,889.7 | 1,303.5 | 1,200.7 | 512.0 | 875.4 | 152.1 | 84.6 | 88.1 | 226.7 | 70.8 | 24.3 | 16.0 | 37.4 | 13.1 | 0 | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.0 | 28.9 | 4.3 | 140.6 | 68.7 | 238.4 | 315.0 | 277.6 | 93.5 | 0 | 0 | 0 |
| Net Receivables | 4,475 | 3,898 | 3,528 | 3,013 | 2,888 | 2,842 | 2,940 | 3,017.9 | 2,338.5 | 1,930.8 | 850.1 | 640.2 | 810.6 | 876.0 | 706.1 | 572.4 | 522.7 | 590.6 | 433.6 | 435.7 | 136.1 | 84.7 | 70.5 | 33.4 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 8,643 | 7,224 | 6,498 | 5,940 | 5,836 | 6,250 | 4,389 | 4,907.6 | 3,642.0 | 3,131.5 | 1,378.1 | 1,515.6 | 994.6 | 989.5 | 798.5 | 528.7 | 662.3 | 853.4 | 764.5 | 434.6 | 183.1 | 84.7 | 70.5 | 33.4 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 480 | 450 | 416 | 408 | 284 | 291 | 296 | 302.1 | 302.2 | 300.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 7 | 7 | 7 | 7 | 7 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 6 | 8 | 11 | 14 | 5 | 18 | 26 | 33 | 197.8 | 201 | 13.1 | 13.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 130,481 | 98,040 | 78,900 | 70,480 | 78,528 | 72,400 | 66,555 | 54,205.2 | 51,691.2 | 44,841.3 | 19,224.1 | 15,610.7 | 6,429.8 | 4,604.7 | 3,482.2 | 2,908.9 | 2,761.6 | 2,114.6 | 4,016.6 | 2,805.9 | 1,610.8 | 0 | 0 | 0 |
| Other Non-Current Assets | 16,980 | 12,953 | 11,798 | 8,062 | 7,515 | 5,690 | 5,458 | 5,080.4 | 4,674.7 | 4,616.4 | 3,917.7 | 3,784.0 | 6,208.3 | 6,519.2 | 4,611.9 | 3,578.6 | 2,666.2 | 2,155.8 | 1,537.4 | 1,433.0 | 1,099.8 | 1,905.2 | 1,323.8 | 1,216.2 |
| Total Non-Current Assets | 147,947 | 111,451 | 91,125 | 78,964 | 86,339 | 78,406 | 72,342 | 59,627.6 | 56,872.8 | 49,966.4 | 23,950.2 | 20,297.6 | 13,053.5 | 11,123.9 | 8,094.1 | 6,487.4 | 5,427.7 | 4,270.4 | 5,554.0 | 4,239.0 | 2,710.6 | 1,905.2 | 1,323.8 | 1,216.2 |
| Total Assets | 156,590 | 118,675 | 97,623 | 84,904 | 92,175 | 84,656 | 76,731 | 64,535.2 | 60,514.8 | 53,097.9 | 25,328.3 | 21,813.2 | 14,048.1 | 12,113.4 | 8,892.6 | 7,016.1 | 6,090 | 5,120.0 | 6,314.8 | 4,673.6 | 2,893.7 | 1,989.9 | 1,394.3 | 1,249.6 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 247.2 | 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 | 56.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (716.5) | (735.2) | 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 | 0 | 0 | (247.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 5,710 | 5,042 | 4,427 | 3,961 | 3,847 | 3,961 | 3,579 | 3,469.8 | 3,572.3 | 3,929.3 | 2,225.3 | 1,927.3 | 349.7 | 398.1 | 327.8 | 323.4 | 272.3 | 184.0 | 108.0 | 106.8 | 106.5 | 0 | 434 | 385.1 |
| Deferred Tax Liabilities | 2,998 | 2,199 | 1,862 | 1,383 | 2,886 | 3,263 | 2,712 | 1,798.8 | 2,198.3 | 2,770.6 | 1,408.5 | 1,199.9 | 562.0 | 439.0 | 292.0 | 162.1 | 170.9 | 67.9 | 122.0 | 110.8 | 73.3 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 134,331 | 100,528 | 82,163 | 72,389 | 72,428 | 63,080 | 58,839 | 50,816.1 | 45,174.7 | 39,304.8 | 17,826.6 | 16,069.2 | 10,801.3 | 9,170.2 | 6,892.2 | 5,366.9 | 4,783.9 | 4,131.4 | 5,332.6 | 3,948.4 | 2,281.5 | 1,605.1 | 673.5 | 581.4 |
| Total Non-Current Liabilities | 143,039 | 107,769 | 88,452 | 77,733 | 79,161 | 70,304 | 65,130 | 56,084.7 | 50,945.3 | 46,004.8 | 21,460.4 | 19,196.4 | 11,713.0 | 10,007.4 | 7,512.0 | 5,852.4 | 5,227.1 | 4,383.3 | 5,562.6 | 4,166 | 2,461.3 | 1,605.1 | 1,107.5 | 966.5 |
| Total Liabilities | 143,039 | 107,769 | 88,452 | 77,733 | 79,161 | 70,304 | 65,130 | 56,084.7 | 50,945.3 | 46,004.8 | 21,460.4 | 19,196.4 | 11,769.1 | 10,007.4 | 7,512.0 | 5,888.8 | 5,227.1 | 4,383.3 | 5,562.6 | 4,166 | 2,461.3 | 1,605.1 | 1,107.5 | 966.5 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.3 | 0.2 | 0 | 0 | 0 |
| Retained Earnings | 10,151 | 9,255 | 8,805 | 8,169 | 8,563 | 8,148 | 7,952 | 7,284.9 | 6,736.3 | 5,199.1 | 2,055.5 | 1,682.1 | 846.6 | 641.5 | 480.3 | 369.3 | 348.2 | 282.4 | 251.5 | 196.7 | 147.8 | 97.8 | 54.9 | 18.6 |
| Accumulated Other Comprehensive Income | 2,682 | 849 | (369) | (1,871) | 3,642 | 5,359 | 3,137 | 636.8 | 2,063.6 | 1,139.3 | 366.1 | (481.4) | 338.4 | 224.3 | 0.7 | (6.2) | (57.9) | (141.2) | 30.3 | 59.1 | 22.8 | 0 | 0 | 0 |
| Total Stockholders' Equity | 13,461 | 10,816 | 9,081 | 7,081 | 13,014 | 14,352 | 11,601 | 8,450.6 | 9,569.5 | 7,093.1 | 3,867.9 | 2,616.8 | 2,279.0 | 1,947.7 | 1,222.5 | 1,005.6 | 862.9 | 732.9 | 748.5 | 499.3 | 425.6 | 376.9 | 276.8 | 279.4 |
| Total Liabilities & Equity | 156,590 | 118,675 | 97,623 | 84,904 | 92,175 | 84,656 | 76,731 | 64,535.2 | 60,514.8 | 53,097.9 | 25,328.3 | 21,813.2 | 14,048.1 | 12,113.4 | 8,892.6 | 7,016.1 | 6,090 | 5,120.0 | 6,314.8 | 4,673.6 | 2,893.7 | 1,989.9 | 1,394.3 | 1,249.6 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 5,710 | 5,042 | 4,427 | 3,961 | 3,847 | 3,961 | 3,579 | 3,469.8 | 3,572.3 | 3,929.3 | 2,225.3 | 1,927.3 | 405.8 | 398.1 | 327.8 | 323.4 | 272.3 | 184.0 | 108.0 | 106.8 | 106.5 | 0 | 434 | 385.1 |
| Net Debt | 1,542 | 1,716 | 1,457 | 1,034 | 899 | 553 | 2,130 | 1,580.1 | 2,268.8 | 2,728.6 | 1,697.3 | 1,051.9 | 253.7 | 313.6 | 239.7 | 96.7 | 201.5 | 159.6 | 92.0 | 69.4 | 93.3 | 0 | 434 | 385.1 |
| 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 | 1,182 | 717 | 902 | 517 | 617 | 415 | 870 | 715.8 | 1,822.2 | 701.4 | 224.2 | 221.9 | 173.1 | 122.8 | 33.0 | 105.8 | 40.9 | 62.1 | 54.6 | 57.8 | 47.3 | 40.4 | 34.1 |
| Depreciation & Amortization | 43 | 46 | 41 | 38 | (11) | 3 | 49 | 45.1 | 53 | 26.9 | (40.3) | (32.6) | (40.2) | (35.9) | (39.0) | (35.9) | (26.7) | (19.1) | (14.1) | (7.9) | (7.3) | (1.8) | (1.3) |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 3,167 | 8,264 | 3,135 | 442 | 4,307 | 2,982 | 1,380 | 738.3 | 356.3 | 600.9 | 383.4 | 556.6 | 969.9 | 277.1 | 485.3 | 205.5 | 302.6 | (121.1) | 900.7 | 422.1 | 322.4 | 266.9 | 127.9 |
| Other Non-Cash Items | (301) | 343 | (34) | 346 | (731) | (62) | (31) | 5.4 | (249.1) | 136.5 | (9.4) | (124.0) | (595.2) | (276.0) | (202.5) | (139.9) | (87.1) | 400.5 | (523.4) | (228.7) | (205.8) | (180.2) | (48.7) |
| Operating Cash Flow | 4,091 | 9,370 | 4,044 | 1,343 | 4,182 | 3,322 | 2,307 | 1,581.1 | 1,982.3 | 1,465.7 | 599.4 | 714.5 | 572.3 | 161.9 | 243.9 | 192.8 | 277.7 | 349.1 | 433.4 | 256.7 | 171 | 129.4 | 114 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | (25) | (19) | (28) | (34) | (28.9) | (44.2) | (44.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | (320) | (77) | 17 | (287) | (173) | 4 | (31.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.7 | 0 | 0 | 0 | (3.2) | 0 | 0 | 0 |
| Purchases of Investments | (43,673) | (41,685) | (13,248) | (17,074) | (18,278) | (10,262) | (16,280) | (10,102) | (8,941.3) | (8,097.0) | (2,569.3) | (2,199.9) | (2,868.8) | (2,939.7) | (1,357.5) | (1,352.6) | (1,369.6) | (2,109.1) | (947.9) | (917.7) | (376.6) | (188) | (314.9) |
| Sales/Maturities of Investments | 32,192 | 30,494 | 8,548 | 11,471 | 13,827 | 7,668 | 14,114 | 10,141.5 | 8,035 | 5,957.4 | 1,676.2 | 1,399.1 | 2,637.8 | 2,357.2 | 12.4 | 182.9 | 70.8 | 109.6 | 548.5 | 892.6 | 175.4 | 103.1 | 91.2 |
| Other Investing Activities | (613) | (1,034) | 711 | (77) | 129 | 115 | (442) | (615.7) | (657.1) | (641.5) | 0 | 29.2 | (1,054.2) | 0 | 768.7 | 452.6 | 2,640.6 | 397.2 | (856.4) | (789.4) | (88.7) | (51.8) | (71.1) |
| Investing Cash Flow | (12,094) | (12,545) | (4,066) | (5,688) | (4,628) | (2,680) | (2,638) | (636.6) | (1,607.6) | (2,825.7) | (893.1) | (771.6) | (1,285.2) | (582.5) | (576.4) | (712.5) | 1,341.8 | (1,602.4) | (1,255.8) | (817.7) | (289.9) | (136.7) | (294.8) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 662 | 612 | 462 | 106 | (117) | 381 | 105 | (99) | (371) | 732.9 | 366.7 | 4.6 | 274.8 | 1.6 | 49.0 | 596.6 | (1,726.6) | 1,016.2 | 1.9 | 106.4 | 0 | 0 | 0 |
| Stock Repurchased | (174) | (27) | (227) | (81) | (99) | (163) | (101) | (299.7) | (44) | (122.9) | (75.9) | 0 | 0 | (6.6) | 0 | (20) | 0 | 0 | (12.9) | 0 | (2.4) | (11.3) | 0 |
| Dividends Paid | (240) | (229) | (219) | (205) | (194) | (182) | (163) | (140.1) | (117.3) | (100.4) | (22.5) | (16.8) | (11.9) | (11.9) | (11.9) | (11.9) | (10.0) | (7.3) | (5.8) | (5.1) | (4.4) | (4.1) | (2.1) |
| Other Financing Activities | 8,546 | 3,305 | 62 | 4,616 | 430 | 737 | 38 | 217.1 | 207.7 | 545.7 | 0 | 125.9 | 0 | 300.8 | 446.0 | 0 | (0.7) | 0 | 861.4 | 450.2 | 132 | 27 | 187.1 |
| Financing Cash Flow | 8,798 | 3,661 | 78 | 4,436 | 20 | 1,254 | (121) | (322.0) | (324.6) | 1,055.4 | 274.3 | 120.9 | 704.0 | 285.5 | 487.9 | 565.5 | (1,611.4) | 1,231.8 | 846.7 | 555.5 | 125.4 | 11.6 | 185 |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 842 | 356 | 43 | (21) | (460) | 1,959 | (441) | 586.2 | 102.8 | (324.6) | (23.4) | 67.5 | (3.5) | (138.6) | 155.9 | 46.5 | 8.3 | (21.4) | 24.2 | (5.2) | 6.8 | 4.2 | 2.4 |
| Cash at Beginning | 3,326 | 2,970 | 2,927 | 2,948 | 3,408 | 1,449 | 1,890 | 1,303.5 | 1,200.7 | 1,525.3 | 152.1 | 84.6 | 88.1 | 226.7 | 70.8 | 24.3 | 16.0 | 37.4 | 13.1 | 18.3 | 11.5 | 7.3 | 4.9 |
| Cash at End | 4,168 | 3,326 | 2,970 | 2,927 | 2,948 | 3,408 | 1,449 | 1,889.7 | 1,303.5 | 1,200.7 | 128.7 | 152.1 | 84.6 | 88.1 | 226.7 | 70.8 | 24.3 | 16.0 | 37.4 | 13.1 | 18.3 | 11.5 | 7.3 |
| Free Cash Flow | 4,091 | 9,370 | 4,044 | 1,318 | 4,163 | 3,294 | 2,273 | 1,552.2 | 1,938.1 | 1,421.1 | 599.4 | 714.5 | 572.3 | 161.9 | 243.9 | 192.8 | 277.7 | 349.1 | 432.7 | 256.7 | 171 | 129.4 | 114 |
| 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 | 22,791 | 22,043 | 18,392 | 15,880 | 16,061 | 14,584 | 14,199 | 12,876 | 12,516 | 11,521.5 | 10,418.2 | 10,904.2 | 10,318.4 | 9,840.9 | 8,829.5 | 8,261.7 | 7,066.8 | 5,681.2 | 5,718.4 | 5,193.7 | 4,584.8 | 4,038.9 | 3,205.0 | 2,382 | 1,968.3 | 1,725.7 | 1,607.1 | 1,344.5 | 978.2 | 771.2 | 668.1 | 525.8 | 441.4 |
| Gross Profit | 5,788 | 2,488 | 2,331 | 1,571 | 1,854 | 1,544 | 2,101 | 1,809 | 2,028 | 1,852.9 | 1,464.3 | 1,655.1 | 1,236.7 | 1,488.5 | 1,297.9 | 1,267.0 | 965.3 | 628.2 | 840.5 | 989 | 767.5 | 769.4 | 638.4 | 451.0 | 287.3 | 378.7 | 321.7 | 358.1 | 190.0 | 92.7 | 570 | 447.2 | 370.5 |
| Operating Income | 1,540 | 980 | 1,160 | 718 | 1,385 | 553 | 1,132 | 846 | 1,143 | 1,043.9 | 744.8 | 1,008.5 | 635.3 | 919.2 | 763.6 | 806.2 | 592.3 | 280.4 | 474.9 | 451.4 | 356.3 | 369.2 | 271.6 | 194 | 66.2 | 175 | 93.1 | 138.0 | 822.3 | 646.9 | 570 | 447.2 | 370.5 |
| Net Income | 1,182 | 717 | 902 | 517 | 1,170 | 415 | 870 | 716 | 1,822 | 701.4 | 502.2 | 684.0 | 418.8 | 631.9 | 546.0 | 535.7 | 407.1 | 176.8 | 293.8 | 288.2 | 224.2 | 221.9 | 173.1 | 122.8 | 33 | 77.7 | 40.9 | 62.1 | 54.6 | 55.1 | 47.3 | 40.4 | 34.1 |
| EPS (Diluted) | 17.69 | 10.73 | 13.44 | 7.64 | 9.04 | 6.31 | 13.62 | 11.00 | 27.71 | 10.79 | 7.46 | 9.78 | 5.78 | 8.52 | 8.09 | 7.69 | 5.55 | 2.84 | 4.57 | 4.57 | 3.52 | 3.52 | 3.36 | 2.47 | 0.66 | 1.56 | 0.88 | 1.46 | 1.42 | 1.44 | 1.25 | 1.05 | 1.00 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 4,168 | 3,326 | 2,970 | 2,927 | 2,948 | 3,408 | 1,449 | 1,889.7 | 1,303.5 | 1,200.7 | 512.0 | 875.4 | 152.1 | 84.6 | 88.1 | 226.7 | 70.8 | 24.3 | 16.0 | 37.4 | 13.1 | 0 | 0 | 0 | |||||||||
| Total Assets | 156,590 | 118,675 | 97,623 | 84,904 | 92,175 | 84,656 | 76,731 | 64,535.2 | 60,514.8 | 53,097.9 | 25,328.3 | 21,813.2 | 14,048.1 | 12,113.4 | 8,892.6 | 7,016.1 | 6,090 | 5,120.0 | 6,314.8 | 4,673.6 | 2,893.7 | 1,989.9 | 1,394.3 | 1,249.6 | |||||||||
| Total Debt | 5,710 | 5,042 | 4,427 | 3,961 | 3,847 | 3,961 | 3,579 | 3,469.8 | 3,572.3 | 3,929.3 | 2,225.3 | 1,927.3 | 405.8 | 398.1 | 327.8 | 323.4 | 272.3 | 184.0 | 108.0 | 106.8 | 106.5 | 0 | 434 | 385.1 | |||||||||
| Stockholders' Equity | 13,461 | 10,816 | 9,081 | 7,081 | 13,014 | 14,352 | 11,601 | 8,450.6 | 9,569.5 | 7,093.1 | 3,867.9 | 2,616.8 | 2,279.0 | 1,947.7 | 1,222.5 | 1,005.6 | 862.9 | 732.9 | 748.5 | 499.3 | 425.6 | 376.9 | 276.8 | 279.4 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 4,091 | 9,370 | 4,044 | 1,343 | 4,182 | 3,322 | 2,307 | 1,581.1 | 1,982.3 | 1,465.7 | 599.4 | 714.5 | 572.3 | 161.9 | 243.9 | 192.8 | 277.7 | 349.1 | 433.4 | 256.7 | 171 | 129.4 | 114 | ||||||||||
| Capital Expenditure | 0 | 0 | 0 | (25) | (19) | (28) | (34) | (28.9) | (44.2) | (44.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Free Cash Flow | 4,091 | 9,370 | 4,044 | 1,318 | 4,163 | 3,294 | 2,273 | 1,552.2 | 1,938.1 | 1,421.1 | 599.4 | 714.5 | 572.3 | 161.9 | 243.9 | 192.8 | 277.7 | 349.1 | 432.7 | 256.7 | 171 | 129.4 | 114 | ||||||||||