Reinsurance Group of America, Incorporated logo RGA - Reinsurance Group of America, Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 7
SELL 2
STRONG
SELL
0
| PRICE TARGET: $243.67 DETAILS
HIGH: $268.00
LOW: $208.00
MEDIAN: $249.50
CONSENSUS: $243.67
UPSIDE: 13.84%
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 6,473 6,336 6,229 5,556 5,289 5,196 5,609 4,874 6,367 4,924 5,097 4,132 4,239 4,300 4,009 3,830 3,750 3,758 3,917 4,067 3,958 4,068 3,643 3,620 3,251 3,785.0 3,641 3,473 3,431 3,278.5 3,227.5 3,195.9 3,173.7 3,232.4 3,145.3 3,129.3 3,008.7 3,069.3 2,900.6 3,039.1 2,512.6 2,828.6 2,438.6 2,630.3 2,520.6 2,697.4 2,716.6 2,833.0 2,657.2 2,736.8 2,389.8 2,590.6 2,601.1 2,723.1 2,449.1 2,375.8 2,293.0 2,348.2 1,994.9 2,204.0 2,282.4 2,274.1 1,955.5 1,931.9 2,100.2 1,943.8 1,779.0 1,813.2 1,530.8 1,368.0 1,310.3 1,642.6 1,360.3 1,496.6 1,378.3 1,488.8 1,354.6 1,469.6 1,282.5 1,242.5 1,199.1 1,238.8 1,158.4 1,091.3 1,096.2 1,123.8 959.5 976.4 979.2 1,093.9 714.4 714.3 557.3 551.0 465.5 493.7 502.0 402.4 419.3 402.1
Cost of Revenue 4,621 4,672 5,458 4,843 4,511 4,545 5,060 4,236 5,714 4,484 4,427 3,553 3,597 3,760 3,827 3,470 3,380 4,047 3,804 3,370 3,671 3,705 3,100 3,177 3,058 3,193.1 3,018 2,934 2,953 2,894.2 2,663.9 2,709.2 2,799.5 2,702.7 2,592.2 2,599.5 2,593.2 2,550.3 2,410.9 2,499.0 2,208.4 2,421.3 2,115.5 2,243.8 2,173.2 2,260.3 2,312.4 2,367.2 2,309.1 2,347.5 2,042.9 2,519.4 2,171.8 2,237.4 2,111.1 2,028.1 1,975.8 1,977.4 1,714.4 1,890.7 1,921.8 1,869.4 1,645.7 1,623.6 1,798.4 1,678.3 1,512.8 1,505.0 1,405.5 1,178.2 1,197.1 1,381.1 1,209.7 1,199.1 1,145.9 1,158.4 1,085.8 1,154.8 1,035.6 1,047.2 963.3 1,016.4 933.0 985.8 882.0 920.8 789.7 769.0 790.1 901.6 567.6 581.6 451.6 522.4 369.6 403.4 399.5 300.5 329.8 317.2
Gross Profit 1,852 1,664 771 713 778 651 549 638 653 440 670 579 642 540 182 360 370 (289) 113 697 287 363 543 443 193 591.9 623 539 478 384.4 563.7 486.7 374.3 529.7 553.1 529.8 415.5 519.0 489.7 540.0 304.1 407.3 323.1 386.5 347.4 437.1 404.2 465.8 348.0 389.3 346.9 71.2 429.4 485.7 338.0 347.7 317.1 370.8 280.5 313.2 360.7 404.7 309.8 308.3 301.8 265.5 266.2 308.2 125.4 189.9 113.2 261.5 150.6 297.5 232.4 330.4 268.9 314.8 246.8 195.3 235.8 222.4 225.4 105.5 214.2 203.0 169.8 207.5 189.1 192.3 146.8 132.7 105.7 28.6 95.9 90.3 102.5 101.8 89.4 84.9
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.0 2.9 3.0 3.0 3.1 3.1 3.2 (257.7) 2.0 2.0 1.8 82.4 78.4 73.2 69.1 7.4 70.7 69.0 70.8 0 13.0 0 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 Expenses 1,411 1,154 451 372 409 426 335 369 381 276 290 314 291 269 259 213 103 (346) 147 215 101 194 258 248 289 283.6 276 279 261 246.4 241.0 239.4 236.3 274.2 212.9 190.5 207.7 223.5 202.1 186.8 196.6 200.6 183.0 172.7 163.3 160.3 172.4 165.3 148.6 159.8 145.2 146.0 150.5 164.6 133.5 128.9 133.4 147.2 121.1 123.0 130.7 387.2 110.6 108.3 106.6 23.0 5.2 19.6 22.1 162.2 9.9 21.6 23.1 187.2 97.6 206.7 149.6 186.6 129.3 97.9 127.6 112.7 111.8 72.9 113.7 123.2 80.7 102.1 94.3 100.6 79.7 83.0 60.7 60.9 45.7 54.6 57.1 51.2 (263.9) (262.2)
Operating Expenses 1,411 1,154 451 372 409 426 335 369 381 276 290 314 291 269 259 213 103 (346) 147 215 101 194 258 248 289 283.6 276 279 261 246.4 241.0 239.4 236.3 274.2 212.9 190.5 207.7 223.5 202.1 186.8 196.6 200.6 183.0 172.7 163.3 160.3 172.4 165.3 148.6 159.8 145.2 146.0 150.5 164.6 136.5 131.8 136.4 150.2 124.1 126.1 133.9 129.5 112.6 110.2 108.5 105.4 83.7 92.7 91.2 169.7 80.7 90.5 93.9 187.2 110.7 206.7 149.6 186.6 129.3 97.9 127.6 112.7 111.8 72.9 113.7 123.2 80.7 102.1 94.3 100.6 79.7 83.0 60.7 60.9 45.7 54.6 57.1 51.2 (263.9) (262.2)
Operating Income
Operating Income 441 510 320 341 369 225 214 269 272 164 380 265 351 271 (77) 147 267 57 (34) 482 186 169 285 195 (96) 308.3 347 260 217 137.9 322.7 247.3 137.9 255.5 340.2 339.3 207.8 295.5 287.6 353.2 107.6 206.7 140.1 213.8 184.1 276.7 231.8 300.5 199.4 229.5 201.7 (74.8) 278.8 321.1 201.5 215.9 180.8 220.6 156.4 187.2 226.8 275.3 197.2 198.1 193.3 160.2 182.6 215.4 34.2 20.2 32.5 171.0 56.7 110.2 121.7 123.7 119.2 128.2 117.6 97.4 108.2 109.6 113.6 32.6 100.5 79.9 89.1 105.4 94.8 91.7 67.0 49.7 45.1 (32.4) 50.1 35.7 45.3 50.7 353.3 347.1
Interest Expense 100 98 98 90 80 86 78 72 68 69 72 63 53 54 49 44 42 1 41 43 45 44 43 42 41 43.6 46 43 40 39.6 33.3 37.0 37.5 37.4 36.8 29.4 42.4 41.4 43.1 20.3 32.8 35.8 35.6 35.9 35.6 0 36.1 35.2 35.1 35.1 30.8 29.9 28.5 28.9 29.7 23.4 23.3 25.2 27.0 25.8 24.6 25.2 25.2 25.1 15.4 23.0 5.2 19.6 22.1 0 9.9 21.6 23.1 64.2 40.3 23.2 81.5 110.1 58.7 59.7 78.3 66.4 70.0 48.5 64.9 69.9 57.0 53.9 56.6 58.2 52.9 56.0 38.8 36.5 23.9 32.3 35.4 31.2 3.8 3.5
Interest Income 0 0 81 68 66 88 88 76 89 77 88 80 72 78 67 57 51 0 100 95 84 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 541 608 418 431 449 311 292 341 340 233 452 328 404 325 (28) 191 309 55 7 525 242 229 338 256 (51) 367.3 404 314 268 190.5 366.6 295.6 185.7 324.4 384.5 375.7 257.1 337.0 337.3 380.3 146.5 242.6 175.7 249.6 219.8 267.1 267.9 335.7 234.5 264.6 232.5 (44.8) 307.3 350.0 231.2 239.3 204.1 245.8 183.4 213.0 224.2 300.5 222.4 223.2 191.9 183.2 187.8 235.0 56.3 (104.4) 42.5 164.9 56.6 153.1 137.4 126.8 191.2 225.4 162.4 157.2 186.5 165.3 170.2 70.1 160.2 144.1 136.4 150.9 142.6 141.0 108.3 81.2 73.7 (7.9) 55.1 67.3 67.2 75.4 (6.0) (2.6)
EBIT 541 608 418 431 449 311 292 341 340 233 452 328 404 325 (28) 191 309 55 7 525 231 213 328 237 (55) 351.9 393 303 257 177.5 356.0 284.3 175.4 292.9 377.0 368.7 250.2 337.0 330.7 373.6 140.4 242.6 175.7 249.6 219.8 267.1 267.9 335.7 234.5 264.6 232.5 (44.8) 307.3 350.0 231.2 239.3 204.1 245.8 183.4 213.0 251.3 300.5 222.4 223.2 208.8 183.2 187.8 235.0 56.3 (104.4) 42.5 192.5 79.8 174.5 162.1 146.9 200.7 238.3 176.3 157.2 186.5 176.0 183.5 81.1 165.5 149.8 146.1 159.3 151.4 149.9 119.9 105.7 83.9 4.1 74.1 68.0 80.7 81.9 3.8 3.5
Income Before Tax 441 510 320 341 369 225 214 269 272 164 380 265 351 271 (77) 147 267 57 (34) 482 186 169 285 195 (96) 308.3 347 260 217 137.9 322.7 247.3 137.9 255.5 340.2 339.3 207.8 295.5 287.6 353.2 107.6 206.7 140.1 213.8 184.1 276.7 231.8 300.5 199.4 229.5 201.7 (74.8) 278.8 321.1 201.5 215.9 180.8 220.6 156.4 187.2 226.8 275.3 197.2 198.1 193.3 160.2 182.6 215.4 34.2 20.2 32.5 171.0 56.7 110.2 121.7 123.7 119.2 128.2 117.6 97.4 108.2 109.6 113.6 32.6 100.5 79.9 89.1 105.4 94.8 91.7 67.0 49.7 45.1 (32.4) 50.1 35.7 45.3 50.7 39.5 39.6
Income Tax Expense 110 45 65 160 81 75 56 65 60 4 91 58 98 65 (2) 41 70 (99) (12) 138 47 37 72 37 (8) 73.2 84 58 47 27.9 21.5 42.9 37.7 (961.4) 112.6 107.1 62.3 105.4 88.9 117.1 31.1 43.6 56.6 83.4 59.0 85.7 73.8 102.2 62.8 84.5 63.7 (25.1) 93.3 98.1 57.0 74.8 57.4 62.1 21.8 63.2 77.8 78.5 68.9 71.1 70.9 47.8 64.3 62.2 10.9 5.0 7.3 60.2 20.1 38.7 40.9 44.7 42.3 44.9 42.0 33.6 37.6 40.0 40.0 7.4 33.3 24.0 31.1 37.0 31.8 32.4 23.4 13.9 16.1 (11.1) 19.6 14.0 16.5 19.0 18.1 15.6
Net Income 330 463 253 180 286 148 156 203 210 158 287 205 252 204 (76) 105 197 156 (22) 344 139 132 213 158 (88) 235.0 263 202 170 110.0 301.2 204.4 100.2 1,216.9 227.6 232.2 145.5 190.1 198.7 236.1 76.5 163.1 83.5 130.4 125.1 191.1 158.0 198.3 136.7 145.0 138.0 (49.6) 185.5 223.0 144.5 141.1 123.3 158.5 134.6 123.9 148.9 196.7 128.2 127.0 122.4 112.4 118.2 153.2 23.3 9.4 25.2 110.7 31.5 63.6 76.5 77.5 76.3 81.5 74.0 63.6 69.1 68.2 67.6 21.8 66.6 55.4 39.4 65.3 61.7 56.1 42.6 33.4 28.1 (28.1) 30.5 21.6 9.2 29.1 18.9 20.4
Per Share Data
EPS (Basic) 5.04 7.07 3.85 2.72 4.33 2.26 2.37 3.07 3.18 2.40 4.34 3.09 3.77 4.36 -1.13 1.57 2.94 2.32 -0.32 5.06 2.04 1.94 3.13 2.51 -1.41 3.75 4.19 3.23 2.70 1.75 4.76 3.19 1.55 18.89 3.53 3.60 2.26 2.96 3.10 3.68 1.18 2.49 1.26 1.97 1.84 2.78 2.30 2.87 1.94 2.05 1.95 -0.69 2.51 3.02 1.96 1.91 1.68 2.15 2.00 1.80 2.20 2.69 1.75 1.74 1.68 1.51 1.62 2.11 0.32 0.13 0.40 1.78 0.51 1.03 1.23 1.25 1.24 1.32 1.21 1.04 1.13 1.12 1.08 0.35 1.06 0.88 0.63 1.05 0.99 0.90 0.86 0.67 0.57 -0.57 0.62 0.44 0.19 0.59 0.38 0.41
EPS (Diluted) 5.00 6.97 3.78 2.70 4.27 2.22 2.33 3.03 3.16 2.37 4.29 3.05 3.72 3.01 -1.13 1.55 2.91 2.30 -0.32 5.02 2.04 1.93 3.12 2.48 -1.41 3.68 4.12 3.18 2.65 1.72 4.68 3.13 1.52 18.49 3.47 3.54 2.22 2.92 3.07 3.64 1.17 2.46 1.25 1.94 1.81 2.75 2.28 2.84 1.92 2.03 1.93 -0.69 2.49 3.00 1.95 1.91 1.67 2.15 1.98 1.78 2.18 2.69 1.72 1.70 1.64 1.51 1.62 2.10 0.32 0.13 0.40 1.73 0.49 1.03 1.19 1.20 1.19 1.32 1.17 1.01 1.10 1.12 1.06 0.34 1.04 0.88 0.63 1.04 0.98 0.90 0.85 0.67 0.56 -0.57 0.61 0.43 0.19 0.59 0.38 0.41
Shares Outstanding 66.1 66.1 66.1 66.1 66.0 65.9 65.8 65.8 65.6 65.9 66.9 67.2 67.7 67.8 66.9 67 67 67.4 67.9 68.5 68 67.9 68 63.7 62 62.6 63.8 63.5 64 62.8 63.3 64.1 65.9 64.4 64.5 64.4 65.5 64.3 64.1 64.8 65.2 65.5 66.8 67.1 68.9 68.7 69.3 69.7 71.2 70.7 71.4 72.3 74.4 73.9 74.1 73.7 73.6 73.3 73.9 74.0 73.2 74.7 74.4 74.7 74.6 72.9 72.7 72.9 72.7 72.7 63.6 62.3 62.1 61.8 62.2 62.0 61.5 61.3 61.2 61.2 61.1 61.1 62.6 62.3 62.8 62.3 62.5 62.2 62.4 62.4 49.5 49.1 49.2 49.1 49.2 49.2 49.2 49.3 49.3 50.1
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 4,993 4,168 4,625 5,416 5,151 3,326 5,195 4,596 5,935 2,970 2,820 2,598 3,294 2,927 3,512 2,556 2,709 2,948 3,027 3,254 3,122 3,408 3,256 4,313 2,820 1,449 2,635.6 2,287.5 2,020.4 1,889.7 1,730.5 1,397.7 1,510.4 1,303.5 1,204.6 1,123.3 1,178.1 1,200.7 1,379.7 1,034.3 1,502.1 557.8 525.4 512.0 416.9 586.5 451.0 127.3 255.9 84.6 158.3 121.2 88.1 131.8 183.5 155.8 123.3 70.8 124.1 67.8 75.5 24.3 0 0 0 16.0 0 0 0 37.4 0 0 0 13.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 38,244.1 36,462.3 36,468.7 32,749.1 32,170.3 33,663.1 33,357.0 31,580.2 64.0 79.2 121.1 54.0 54.6 153.8 7.5 21.4 28.9 20.5 15.6 4.3 3.9 54.5 49.6 28.2 68.7 85.8 144.4 92.3 238.4 0 0 0 315.0 0 0 0 277.6 0 0 0 93.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 4,259 4,475 4,035 4,202 3,749 3,898 3,738 3,635 3,342 3,528 3,279 3,321 3,114 3,013 2,820 2,884 2,883 2,888 3,013 3,102 2,907 2,842 2,792 2,852 2,836 2,940 2,817.7 2,944.8 2,857.7 3,017.9 2,779.6 2,617.4 2,620.5 782.0 779.1 798.4 760.7 684.0 694.9 681.4 688.5 898.5 880.4 850.1 743.6 657.6 688.8 324.5 842.5 876.0 718.9 731.5 706.1 621.2 530.4 459.1 533.7 522.7 543.8 586.7 530.4 590.6 333.8 287.6 222.4 433.6 193.7 149.8 118.6 435.7 142.6 96.8 100.4 136.1 88.6 69.5 72.8 84.7 102 72.6 75.5 70.5 91.9 71.4 67.9 33.4 107.7 0 61
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 9,252 8,643 8,660 9,618 8,900 7,224 8,933 8,231 9,277 6,498 6,099 5,919 6,408 5,940 6,332 5,440 5,592 5,836 6,040 6,356 6,029 6,250 6,048 7,165 5,656 4,389 5,453.3 5,232.3 4,878.1 4,907.6 4,510.0 4,015.1 4,130.9 1,303.5 38,446.0 38,390.4 34,687.9 34,055.0 35,737.7 35,072.7 33,770.8 1,520.2 1,484.9 1,483.2 1,214.5 1,298.7 1,293.6 459.4 1,119.7 989.5 897.7 868.3 798.5 756.9 768.4 664.5 685.1 662.3 753.7 798.9 698.2 853.4 333.8 287.6 222.4 764.5 193.7 149.8 118.6 434.6 142.6 96.8 100.4 183.1 88.6 69.5 72.8 84.7 102 72.6 75.5 70.5 91.9 71.4 67.9 33.4 107.7 0 61
Non-Current Assets
Property, Plant & Equipment 0 480 0 0 0 450 0 0 0 416 0 0 0 408 0 0 0 284 0 0 0 291 0 0 0 296 0 0 0 302.1 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 0 0 0 0 0 0 0 0 0 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7 0 0 0 7 0 0 0 7 0 0 0 7 0 0 0 7 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 6 0 0 0 8 0 0 0 11 0 0 0 14 0 0 0 5 0 0 0 18 0 0 0 26 0 0 0 33 0 0 0 52.3 3,315.2 3,334.1 3,300.5 64.3 3,406.1 3,401.9 3,490.5 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 0 0 0
Long-Term Investments 137,014 130,481 127,604 109,901 105,580 98,040 98,236 89,620 84,514 78,900 72,232 74,290 74,015 70,480 68,040 70,958 75,902 78,528 77,569 76,326 72,414 72,400 70,155 67,641 63,912 66,555 64,490.0 61,037.6 56,114.1 54,205.2 53,118.6 50,500.6 51,482.6 13,447.0 13,215.3 12,978.5 12,646.9 12,671.0 12,722.4 12,403.9 11,910.1 20,985.2 20,480.4 19,103.0 16,843.3 15,764.8 10,778.8 4,674.4 4,875.8 4,604.7 3,961.5 3,693.0 3,482.2 3,352.6 2,732.3 2,717.3 2,731.5 2,761.6 2,631.1 2,636.7 2,261.4 2,114.6 0 0 0 4,016.6 0 0 0 2,805.9 0 0 0 1,610.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 17,798 16,980 15,739 13,960 13,730 12,953 13,089 12,037 12,209 11,798 9,091 8,831 8,697 8,062 8,333 8,211 8,267 7,515 7,840 6,262 6,367 5,690 5,924 5,923 6,086 5,458 5,830.7 5,773.9 5,700.3 5,080.4 5,344.0 5,250.8 5,341.3 45,705.0 40,958.9 40,702.1 36,680.3 39,154.9 37,324.3 37,036.6 35,284.0 4,715.2 4,757.2 4,663.3 4,134.8 4,319.5 9,026.9 7,375.2 6,709.6 6,519.2 5,406.1 5,009.9 4,611.9 3,619.7 3,004.7 2,830.4 2,719.5 2,666.2 2,537.3 2,376.7 2,425.6 2,155.8 4,845.9 6,441.3 6,188.3 1,537.4 5,652.8 5,387.3 4,956.3 1,433.0 3,613.8 3,264.3 3,047.6 1,099.8 2,626.2 2,429 2,279.4 1,905.2 1,783.7 1,516.2 1,431.1 1,323.8 1,254 1,237.6 1,218.9 1,216.2 1,083.2 1,117.4 867.1
Total Non-Current Assets 154,812 147,947 143,343 123,861 119,310 111,451 111,325 101,657 96,723 91,125 81,323 83,121 82,712 78,964 76,373 79,169 84,169 86,339 85,409 82,588 78,781 78,406 76,079 73,564 69,998 72,342 70,320.7 66,811.5 61,814.4 59,627.6 58,462.6 55,751.4 56,823.9 59,211.3 57,489.4 57,014.7 52,627.7 51,897.2 53,452.8 52,842.4 50,684.5 25,700.4 25,237.6 23,766.3 21,434.8 20,335.6 19,805.7 12,049.6 11,585.4 11,123.9 9,367.6 8,702.9 8,094.1 6,972.3 5,737.0 5,547.6 5,451.0 5,427.7 5,168.4 5,013.4 4,687.0 4,270.4 4,845.9 6,441.3 6,188.3 5,554.0 5,652.8 5,387.3 4,956.3 4,239.0 3,613.8 3,264.3 3,047.6 2,710.6 2,626.2 2,429 2,279.4 1,905.2 1,783.7 1,516.2 1,431.1 1,323.8 1,254 1,237.6 1,218.9 1,216.2 1,083.2 1,117.4 867.1
Total Assets 164,064 156,590 152,003 133,479 128,210 118,675 120,258 109,888 106,000 97,623 87,422 89,040 89,120 84,904 82,705 84,609 89,761 92,175 91,449 88,944 84,810 84,656 82,127 80,729 75,654 76,731 75,774.0 72,043.8 66,692.5 64,535.2 62,972.6 59,766.5 60,954.8 60,514.8 58,694.0 58,138.1 53,805.8 53,097.9 54,832.5 53,876.7 52,186.6 27,220.6 26,722.5 25,249.5 22,649.3 21,634.3 21,099.3 12,509.0 12,705.1 12,113.4 10,265.3 9,571.2 8,892.6 7,729.2 6,505.4 6,212.2 6,136.1 6,090 5,921.9 5,812.3 5,380.8 5,120.0 5,179.7 6,728.9 6,410.7 6,314.8 5,846.5 5,537.1 5,074.9 4,673.6 3,756.4 3,361.1 3,148 2,893.7 2,714.8 2,498.5 2,352.2 1,989.9 1,885.7 1,588.8 1,506.6 1,394.3 1,345.9 1,309 1,286.8 1,249.6 1,190.9 1,117.4 928.1
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 0 0 0 0 0 0 0 0 0 0 779.1 798.4 760.7 389.0 353.4 344.5 397.4 143.7 211.5 106.7 144.2 197.7 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 0 0 0 0 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 299.9 299.8 299.7 0 0 0 0 0 30.7 27.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 299.9 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 0 0 0 0 0 0 0 0
Total Current 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 0 415.7 399.5 390.0 688.9 653.3 644.3 697.1 143.7 211.5 106.7 144.2 197.7 30.7 27.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 6,105 5,710 5,734 5,734 5,734 5,042 5,067 5,067 4,427 4,427 4,450 4,850 4,455 3,961 4,207 3,819 3,833 3,847 3,487 3,496 3,919 3,961 3,981 4,006 3,550 3,579 3,991.7 4,016.7 3,443.9 3,469.8 3,498.8 3,513.1 3,541.6 3,572.3 3,585.3 3,611.6 3,614.1 3,929.3 3,636.2 3,659.0 2,897.5 9,847.7 9,616.3 1,216.1 9,121.5 9,381.4 896.0 374.1 404.1 398.1 377.0 344.7 327.8 325.4 318.2 318.0 281.8 272.3 262.1 263.4 184.8 184.0 183.9 183.8 109.8 108.0 107.7 108.1 107 106.8 107.7 106.1 106.4 106.5 106.4 104.5 104.3 0 0 0 437.4 434 428.4 396.6 391 385.1 0 0 0
Deferred Tax Liabilities 3,182 2,998 2,591 2,454 2,250 2,199 2,059 1,866 1,897 1,862 1,601 1,424 1,446 1,383 686 1,060 1,843 2,886 2,407 2,699 2,417 3,263 3,016 2,856 2,163 2,712 2,761.7 2,443.4 2,144.7 1,798.8 1,883.8 2,009.5 2,085.6 2,198.3 3,180.5 3,162.7 2,863.7 2,770.6 3,072.0 0 0 977.9 818.3 0 0 251.3 0 428.6 486.5 439.0 402.9 303.0 292.0 286.7 179.1 176.2 165.4 170.9 130.5 108.9 111.2 67.9 0 0 0 122.0 0 0 0 110.8 0 0 0 73.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 141,393 134,331 130,610 113,148 108,734 100,528 101,915 93,130 90,118 82,163 73,218 74,871 75,503 72,389 74,069 73,801 74,813 72,428 72,670 69,305 66,384 63,080 61,916 61,314 60,640 58,839 57,496.9 54,874.7 51,433.8 50,816.1 49,010.7 45,642.2 46,319.3 44,286.1 43,831.1 43,392.6 39,907.9 38,615.9 39,477.5 41,992.8 41,873.2 11,808.7 11,910.8 20,058.8 10,284.4 9,330.7 17,132.7 9,723.7 9,753.5 9,170.2 7,886.8 7,515.6 6,892.2 5,936.5 5,089.6 4,829.8 4,808.4 4,783.9 4,699.4 4,660.6 4,274.6 4,131.4 4,347 5,845 5,560.7 5,332.6 4,946.7 4,661.2 4,438.6 3,948.4 3,169.9 2,807.5 2,627.7 2,281.5 2,213.3 2,014.4 1,872.8 1,605.1 1,540.7 1,256.8 764.6 673.5 631.9 631.2 616 581.4 919.6 849 816.3
Total Non-Current Liabilities 150,680 143,039 138,935 121,336 116,718 107,769 109,041 100,063 96,442 88,452 79,269 81,145 81,404 77,733 78,962 78,680 80,489 79,161 78,564 75,500 72,720 70,304 68,913 68,176 66,353 65,130 64,250.3 61,334.8 57,022.4 56,084.7 54,393.3 51,164.8 51,946.6 50,056.7 50,596.9 50,166.9 46,385.8 45,315.9 46,185.7 45,651.7 44,770.6 22,634.2 22,345.5 21,274.9 19,405.9 18,963.4 18,028.7 10,526.4 10,644.1 10,007.4 8,666.8 8,163.4 7,512.0 6,548.6 5,586.9 5,324.0 5,255.5 5,227.1 5,092.0 5,032.8 4,570.7 4,383.3 4,530.9 6,028.8 5,670.5 5,562.6 5,054.4 4,769.3 4,545.6 4,166 3,277.6 2,913.6 2,734.1 2,461.3 2,319.7 2,118.9 1,977.1 1,605.1 1,540.7 1,256.8 1,202 1,107.5 1,060.3 1,027.8 1,007 966.5 919.6 849 816.3
Total Liabilities 150,680 143,039 138,935 121,336 116,718 107,769 109,041 100,063 96,442 88,452 79,269 81,145 81,404 77,733 78,962 78,680 80,489 79,161 78,564 75,500 72,720 70,304 68,913 68,176 66,353 65,130 64,250.3 61,334.8 57,022.4 56,084.7 54,393.3 51,164.8 51,946.6 50,945.3 50,596.9 50,166.9 46,385.8 46,004.8 46,839.0 46,296.1 45,467.8 22,777.9 22,557.0 21,381.6 19,550.2 19,161.1 18,059.4 10,553.7 10,644.1 10,007.4 8,666.8 8,163.4 7,512.0 6,548.6 5,586.9 5,324.0 5,255.5 5,227.1 5,092.0 5,032.8 4,570.7 4,383.3 4,530.9 6,028.8 5,670.5 5,562.6 5,054.4 4,769.3 4,545.6 4,166 3,277.6 2,913.6 2,734.1 2,461.3 2,319.7 2,118.9 1,977.1 1,605.1 1,540.7 1,256.8 1,202 1,107.5 1,060.3 1,027.8 1,007 966.5 919.6 849 816.3
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0 0 0 0.5 0 0 0 0.3 0 0 0 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 10,375 10,151 9,757 9,563 9,443 9,255 9,166 9,076 8,934 8,805 8,713 8,483 8,336 8,169 8,820 8,592 8,446 8,563 8,458 8,531 8,235 8,148 8,066 7,901 7,802 7,952 7,765.7 7,549.7 7,412.1 7,284.9 7,215.5 6,952.2 6,797.5 6,736.3 5,712.6 5,523.6 5,329.5 5,199.1 5,039.5 4,870.7 4,668.6 2,283.0 2,165.4 2,055.5 1,841.5 1,691.3 1,483.0 761.1 699.5 641.5 549.7 510.1 480.3 449.9 400.4 394.4 366.8 348.2 341.9 315.7 299.8 282.4 269.7 289.6 271.2 251.5 247.3 228.8 211.1 196.7 175.9 163 149.3 147.8 130.7 119.4 107.2 97.8 83.3 73.3 62.8 54.9 41.7 34.2 25.7 18.6 6.6 0 0
Accumulated Other Comprehensive Income 2,314 2,682 2,552 1,752 1,238 849 1,272 (20) (125) (369) (1,333) (1,398) (1,461) (1,871) (5,964) (3,559) (55) 3,642 3,583 4,041 3,002 5,359 4,289 3,801 1,130 3,137 3,258.3 2,642.1 1,766.0 636.8 812.8 1,005.0 1,428.4 2,063.6 1,625.8 1,671.9 1,321.2 1,139.3 2,212.3 1,985.4 1,330.4 628.3 474.4 299.2 (241.4) (712.6) 444.4 106.0 276.2 224.3 245.3 97.4 0.7 94.0 (57.9) (81.2) (61.1) (57.9) (84.2) (110.7) (84.3) (141.2) 0 0 0 30.3 0 0 0 59.1 0 0 0 22.8 0 0 0 0 0 0 0 0 (3.5) (5.3) (4.9) 0 (2.5) (1.4) (0.9)
Total Stockholders' Equity 13,294 13,461 12,978 12,053 11,402 10,816 11,127 9,735 9,468 9,081 8,063 7,805 7,626 7,081 3,653 5,839 9,182 13,014 12,885 13,444 12,090 14,352 13,214 12,553 9,301 11,601 11,523.7 10,709.0 9,670.1 8,450.6 8,579.3 8,601.7 9,008.3 9,569.5 8,097.1 7,971.2 7,420.0 7,093.1 7,993.5 7,580.6 6,718.9 4,442.7 4,165.4 3,867.9 3,099.2 2,473.2 3,040.0 1,955.2 2,060.9 1,947.7 1,440.3 1,249.7 1,222.5 1,180.5 918.5 888.1 880.6 862.9 829.6 779.5 805.8 732.9 646.6 697.7 737.1 748.5 784.7 760.7 521.1 499.3 471.2 440.2 407.7 425.6 386.7 372.6 367 376.9 337.6 324.1 294.2 276.8 275.9 271.7 276.6 279.4 267.8 265 106.4
Total Liabilities & Equity 164,064 156,590 152,003 133,479 128,210 118,675 120,258 109,888 106,000 97,623 87,422 89,040 89,120 84,904 82,705 84,609 89,761 92,175 91,449 88,944 84,810 84,656 82,127 80,729 75,654 76,731 75,774.0 72,043.8 66,692.5 64,535.2 62,972.6 59,766.5 60,954.8 60,514.8 58,694.0 58,138.1 53,805.8 53,097.9 54,832.5 53,876.7 52,186.6 27,220.6 26,722.5 25,249.5 22,649.3 21,634.3 21,099.3 12,509.0 12,705.1 12,113.4 10,265.3 9,571.2 8,892.6 7,729.2 6,505.4 6,212.2 6,136.1 6,090 5,921.9 5,812.3 5,380.8 5,120.0 5,179.7 6,728.9 6,410.7 6,314.8 5,846.5 5,537.1 5,074.9 4,673.6 3,756.4 3,361.1 3,148 2,893.7 2,714.8 2,498.5 2,352.2 1,989.9 1,885.7 1,588.8 1,506.6 1,394.3 1,345.9 1,309 1,286.8 1,249.6 1,190.9 1,117.4 928.1
Debt Metrics
Total Debt 6,105 5,710 5,734 5,734 5,734 5,042 5,067 5,067 4,427 4,427 4,450 4,850 4,455 3,961 4,207 3,819 3,833 3,847 3,487 3,496 3,919 3,961 3,981 4,006 3,550 3,579 3,991.7 4,016.7 3,443.9 3,469.8 3,498.8 3,513.1 3,541.6 3,572.3 3,585.3 3,611.6 3,614.1 3,929.3 3,936.1 3,958.8 3,197.2 9,847.7 9,616.3 1,216.1 9,121.5 9,381.4 926.7 401.4 404.1 398.1 377.0 344.7 327.8 325.4 318.2 318.0 281.8 272.3 262.1 263.4 184.8 184.0 183.9 183.8 109.8 108.0 107.7 108.1 107 106.8 107.7 106.1 106.4 106.5 106.4 104.5 104.3 0 0 0 437.4 434 428.4 396.6 391 385.1 0 0 0
Net Debt 1,112 1,542 1,109 318 583 1,716 (128) 471 (1,508) 1,457 1,630 2,252 1,161 1,034 695 1,263 1,124 899 460 242 797 553 725 (307) 730 2,130 1,356.1 1,729.2 1,423.5 1,580.1 1,768.3 2,115.4 2,031.2 2,268.8 2,380.7 2,488.3 2,436.0 2,728.6 2,556.4 2,924.4 1,695.1 9,289.9 9,091.0 704.0 8,704.5 8,794.9 475.7 274.1 148.3 313.6 218.8 223.5 239.7 193.6 134.7 162.2 158.5 201.5 138.0 195.6 109.2 159.6 183.9 183.8 109.8 92.0 107.7 108.1 107 69.4 107.7 106.1 106.4 93.3 106.4 104.5 104.3 0 0 0 437.4 434 428.4 396.6 391 385.1 0 0 0
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 330 463 253 180 286 148 156 203 210 158 287 205 29 291 (27) 105 197 156 (22) 344 139 132 213 158 (88) 235.0 263 202 169.5 110.0 301.2 204.4 100.2 1,216.9 227.6 232.2 145.5 190.1 198.7 236.1 76.5 67.6 21.8 66.6 65.3 61.7 56.1 41.8 42.6 32.7 33.4 33.6 28.1 27.8 (28.1) 9.0 30.5 29.1 37.4 18.9 20.4 19.3 (13.9) 25.6 22 33.9 20.7 19.2 15.9 22.3 14.4 15.1 2.8 18.5 12.6 13.5 10.5 15.6 11.3 11.6 8.8 14.2 8.5 9.6 8.1 13 5 11.2 4.9
Depreciation & Amortization 0 0 0 0 0 0 0 0 0 (86) 0 0 0 (33) 0 0 0 (22) 0 0 11 16 10 19 4 15.4 11.5 11 11 13.0 10.6 11.3 10.3 31.5 7.5 7.0 6.8 0 6.6 6.8 6.1 (13.3) (11.0) (5.3) (8.4) (8.8) (8.9) (10.4) (11.6) (9.3) (24.5) 8.1 (10.1) (9.4) (12.0) (7.4) (19.0) (13.5) (6.4) (9.8) (6.1) (9.4) (3.7) (14.5) 0.9 (9) (4.3) (5.5) (0.3) (4.8) (4.1) (3) (2.2) (1.8) (0.8) (3) (2.3) (2.6) (2) (1.6) (1.1) (0.7) (0.8) (1.6) 1.3 (0.1) (0.1) (1.2) 0.1
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 (35) 13 18 0 0 0 0 0 0 0 0 0 0 0 0 5 0 0 0 0 1.6 0 0 0 0 0 1.8 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 0 0 0 0 0
Change in Working Capital 0 0 0 0 0 8,249 0 0 0 2,852 0 0 0 (295) 0 (40) 0 (2,686) 0 0 2,686 650 133 328 2,173 383.3 454.4 432.3 122 278.8 187.2 78.1 130.9 (404.0) 293.7 118.5 297.9 288.1 271.3 82.5 156.0 12.9 1.1 122.6 61.7 333.6 817.0 (454.2) (543.7) 165.6 35.9 (40.9) 131.1 151.1 370.9 (67.7) 107.0 105.3 37.9 1.3 61.1 (384.7) 41.6 133.1 224.8 389.0 18.4 258.3 15.4 802.1 201.3 67.1 182.6 122.4 10.7 312.5 (11.7) 408.9 (307.2) 80.5 140.2 160.9 (69.7) 41.1 134.6 (4.6) 146.6 (3.3) (10.8)
Other Non-Cash Items 2,543 389 737 640 1,143 (6,797) 911 764 5,526 (1,663) 700 21 1,545 228 862 14 (34) 3,002 1,513 (380) (470) (255) (156) (133) 113 (89.9) 65.2 (15.3) 38.1 77.5 17.6 66.1 (17.7) 33.4 (80.3) (120.9) (32.9) (32.4) (51.1) (99.5) 106.5 73.3 (45.6) (42.6) (52.0) (159.8) (492) 423.4 529.1 (69.7) (98.9) 27.8 (74.6) (130.2) (181.5) 100.2 (67.4) (51.4) (75.0) (24.7) 11.3 421.4 92.4 (194.9) (130.3) (155.3) (24.7) (230.6) (19.6) (562.1) (177.6) (44.2) (92.5) (92.2) 65.4 (346.7) 134.9 (345.4) 272.9 (61.4) (71.9) (63.7) 22.8 (23.1) (116) 81.5 (169.2) 10.8 28.2
Operating Cash Flow 2,873 852 990 820 1,429 1,600 1,067 967 5,736 1,226 1,000 244 1,574 266 835 79 163 361 1,491 (36) 2,366 543 200 372 2,207 543.8 794 630 340.6 481.0 516.6 359.8 223.7 877.8 448.5 238.6 417.4 445.8 425.4 225.9 368.6 68.3 21.9 209.5 101.7 375.8 374.1 26.1 41.0 131.1 (54.5) 68.6 88.5 59.2 101.6 25.7 73.8 95.5 7.5 (4.1) 93.8 52.6 131 (25.1) 119.2 262.3 16.1 50.9 19.9 263.3 38.4 39.4 91.6 47.8 93.2 (21.3) 137 86.7 (23.9) 33.8 74.4 113.6 (39.2) 26 29 87.4 (14.3) 14.5 26.4
Investing Activities
Capital Expenditure 0 0 0 0 0 0 0 0 0 20 (8) (7) (5) (6) (7) (6) (6) (4) (5) (6) (4) (11) (6) (5) (6) (10.0) (6.5) (7.0) (10.4) (8.4) (5.9) (9.3) (5.3) (11.0) (33.2) 16.9 (16.9) (44.6) 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 0
Acquisitions 0 0 0 0 0 (66) (118) (73) (63) 8 (21) (38) (26) (7) (80) (170) (145) 0 (156) 19 0 0 0 0 0 0.4 0 0 4 0 (2.1) (4.5) (24.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (21.9) 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
Purchases of Investments (14,630) (11,324) (16,047) (6,522) (9,780) (10,683) (8,286) (13,065) (9,651) (4,493) (2,783) (2,490) (3,756) (3,496) (3,746) (4,488) (4,762) (4,281) (3,926) (4,591) (5,321) (2,344) (2,736) (1,786) (3,326) (4,521.0) (5,706.6) (2,796) (3,110) (3,726.8) (2,323.6) (2,153.7) (1,952.4) (1,580.7) (2,169.2) (3,437.6) (1,961.9) (1,557.1) (1,706.8) (3,016.5) (1,768.9) (570.8) (422.7) (611.3) (432.9) (642.5) (1,334.1) (446.4) (533.5) (785.8) (844.5) (881.0) (1,194.1) (20.0) (377.2) (216.2) (432.2) (246.4) (31.9) (848.5) (225.7) (14.2) (203.4) (743.2) (408.8) (709.4) (438.3) (434.5) (526.9) 55.4 (504.6) (201.3) (297.4) (67.6) (196) (256.4) (333.4) (133.5) (91.9) (79.3) (71.9) (36.7) (53) (30.7) (67.6) (97.4) (30.6) (148.4) (38.5)
Sales/Maturities of Investments 10,920 7,783 10,988 5,364 8,057 7,171 7,498 9,752 6,073 3,055 2,822 1,777 2,325 2,723 2,307 3,601 3,041 2,958 2,642 5,099 3,019 1,814 1,433 1,820 2,601 2,957.9 5,592 2,242 3,263.9 3,284.9 2,510.1 2,176.0 2,087.6 1,148.8 2,216.9 2,850.2 1,941.6 1,207.8 1,721.7 1,768.9 1,211.3 564.7 610.4 400.5 322.8 386.2 498.9 308.6 425.8 581.2 615.4 728.0 895.7 118.2 2.1 8.3 (44.4) 26.9 56.2 (47.6) 34.3 (2,676.9) 1,882.4 455.2 410.1 (343.8) 221.9 101.6 129.9 97 226 137.2 88.3 676.0 72.3 114.6 29.7 59.4 37.1 47 31.9 18 14.6 19.5 51 20 44.3 18.2 8.7
Other Investing Activities 13 271 (893) (19) 28 (584) (301) (70) (79) (64) (114) (25) (243) (107) (58) 87 (363) 191 126 (202) (186) 75 119 43 (365) (85.1) (96.4) (296.0) (54.8) (217.3) (46.9) (185.7) (28.4) (108.3) (181.1) (208.2) (73.8) (184.4) (204.1) (101.0) (152.1) (210.5) (123.0) 0 (139.4) 142.7 (8.9) 8.9 0 0 30.9 2.9 258.1 (291.9) 38.3 37.1 396.2 168.7 6.3 348.3 68.8 2,610.7 98.6 25 (93.7) 464.3 (12.2) (123.8) 68.9 (759.8) (81) (6.9) (8.7) (718.3) (86.1) 64.1 (116.6) (57.6) 9.3 (2.1) (38.3) (75.2) 39 (13.9) (1.7) (23.5) (4.1) (43.5) 0
Investing Cash Flow (3,697) (3,270) (5,952) (1,177) (1,695) (4,162) (1,207) (3,456) (3,720) (1,474) (104) (783) (1,705) (893) (1,584) (976) (2,235) (1,136) (1,319) 319 (2,492) (466) (1,190) 72 (1,096) (1,657.8) (217) (857) 92.7 (667.6) 131.6 (177.2) 76.5 (551.2) (166.7) (778.7) (111.0) (578.3) (189.2) (1,348.6) (709.6) (216.5) 64.7 (210.8) (249.5) (113.6) (844.1) (128.9) (107.7) (204.6) (198.3) (150.2) (40.3) (193.7) (336.9) (170.8) (80.4) (72.6) 30.6 (547.8) (122.6) (80.4) 1,777.6 (263) (92.4) (589.0) (228.6) (456.7) (328.1) (607.4) (359.6) (71) (217.8) (109.9) (209.8) (77.7) (420.3) (131.7) (45.5) (34.4) (78.3) (93.9) 0.6 (25.1) (18.3) (100.9) 9.6 (173.7) (29.8)
Financing Activities
Net Debt Issuance 394 (26) (1) (1) 690 (25) (1) 639 (1) (36) (400) 395 493 (250) 397 (16) (15) 365 (10) (423) (43) (27) (29) 457 (20) (415) (25) 569.5 (30) (21.9) (22.7) (26.7) (27.8) (12.4) (33.5) (7.5) (317.5) (4.2) (26.2) 770.9 (7.5) 53.5 (34.5) (12.9) 54.3 4.6 (9.9) 77.8 100.3 106.6 214.3 27.7 28.6 31.8 61.2 174.9 42.4 (74.1) 591.2 0 0 (1,801.6) 0 0 0 0 0 0 0 861.3 0 0 0 450.2 2 0.1 104.2 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (94) (61) (75) 0 (38) (1) (7) (3) (16) (58) (50) (52) (67) (27) (27) 0 (27) (51) (46) (1) (1) (1) 0 (6) (156) (2.8) (30) (19) (49.1) (25.8) (108.8) (162.5) (2.6) (2.1) (30.8) (7.5) (3.1) (1.0) (1.1) (15.0) (105.8) 0 0 0 0 0 0 0 0 0 0 0 0 (6.6) 0 0 0 0 (2.6) (16.0) (1.5) 0 0 0 0 0 0 0 0 (4.2) (5.6) 0 0 0 0 0 0 (0.1) 0 0 (2.3) (2.7) (3.3) (3) (2.3) 0 0 0 0
Dividends Paid (61) (61) (61) (59) (59) (58) (59) (56) (56) (56) (56) (54) (53) (53) (54) (49) (49) (49) (50) (47) (48) (48) (47) (43) (44) (43.8) (44) (37) (37.7) (37.7) (38.1) (32.1) (32.2) (32.2) (32.3) (26.4) (26.4) (26.3) (26.3) (23.7) (24.0) (5.6) (5.6) (5.6) (3.7) (3.7) (3) (3.0) (3.0) (3.0) (3.0) (3.0) (3.0) (3.0) (3.0) (3.0) (3.0) (3.0) (3.0) (3.0) (3.0) (2.7) (2.7) (2.3) (2.3) (2.2) (2.1) (1.5) (1.5) (1.6) (1.5) (1.3) (1.4) (1.3) (1.3) (1.2) (1.2) (1.2) (1.2) (1) (1) (1) (1) (1.1) (1) (1.1) 0 0 0
Other Financing Activities 1,422 2,133 4,339 600 1,474 881 706 640 1,078 499 (133) (418) 124 305 1,460 896 1,855 432 (271) 314 (51) 96 (23) 137 527 360.1 (105) (18.5) (193.1) 435.6 (133.5) (32.4) (52.8) (189.8) (113.6) 511.5 (0.8) 30.5 157.1 (76.5) 434.7 83.4 (22.1) 28.5 (32.9) 32.9 0 0 0 0 0 0 0 6.6 217.3 0 0 0 (568.0) 563.0 84.5 1,616.5 (1,891.8) 359.6 (10) 321.4 211.4 172.4 311.1 (494.4) 334.8 36.1 126.1 (392.2) 116 99.7 176.8 59.4 72.2 2.5 (2.1) (16.3) 43.2 1.6 (1.5) (1.9) 28.5 158.6 0.8
Financing Cash Flow 1,666 1,985 4,206 540 2,067 797 639 1,220 1,005 349 (639) (129) 497 (25) 1,776 831 1,854 697 (377) (157) (143) 20 (99) 1,026 307 (101.4) (204) 495 (309.8) 350.2 (303.1) (253.7) (115.4) (236.6) (210.2) 470.0 (347.8) (1.1) 103.5 655.6 297.4 131.3 (61.7) 14.2 20.6 37.0 418.5 78.4 100.8 105.7 212.3 24.8 26.3 22.2 278.4 172.6 39.5 (76.3) 17.8 544.0 80.0 (62.4) (1,894.4) 357.3 (11.9) 319.2 209.2 393 310 362.4 328.1 32.1 124.8 60.4 116.8 98.7 279.9 58.3 71 1.5 (5.4) (20) 38.9 (2.5) (4.8) (3) 28.6 158.6 0.8
Cash Position
Net Change in Cash 825 (457) (791) 265 1,825 (1,869) 599 (1,339) 2,965 150 222 (696) 367 (585) 956 (153) (239) (79) (227) 132 (286) 152 (1,057) 1,493 1,371 (1,186.6) 348 268 130.7 159.2 332.8 (112.7) 206.9 98.9 81.2 (54.8) (22.6) (179.0) 345.4 (467.8) (23.2) (17.0) 24.1 (17.1) (128.5) 171.3 (48.7) (25.0) 37.1 33.1 (43.7) (56.1) 72.5 (111.3) 43.2 27.7 32.5 (53.3) 56.3 (7.7) 51.2 (90.1) 13.4 70.4 14.6 (8.5) (2.2) (12.6) 1.9 19.0 6.5 0.2 (1.4) (1.3) (0.2) (0.4) (3.2) 13.4 71 1.5 (5.4) (1) 1.2 0.1 3.9 (3) 28.6 158.6 0.8
Cash at Beginning 4,168 4,625 5,416 5,151 3,326 5,195 4,596 5,935 2,970 2,820 2,598 3,294 2,927 3,512 2,556 2,709 2,948 3,027 3,254 3,122 3,408 3,256 4,313 2,820 1,449 2,635.6 2,288 2,020 1,889.7 1,730.5 1,397.7 1,510.4 1,303.5 1,204.6 1,123.3 1,178.1 1,200.7 1,379.7 1,034.3 1,502.1 1,525.3 159.1 135.0 152.1 255.9 84.6 133.3 158.3 121.2 88.1 131.8 187.9 115.4 226.7 183.5 155.8 123.3 124.1 67.8 75.5 24.3 114.4 0 30.6 16 24.5 26.7 39.3 37.4 18.4 11.9 11.7 13.1 0 0 0 18.3 0 0 0 11.5 0 0 0 7.3 0 0 0 4.9
Cash at End 4,993 4,168 4,625 5,416 5,151 3,326 5,195 4,596 5,935 2,970 2,820 2,598 3,294 2,927 3,512 2,556 2,709 2,948 3,027 3,254 3,122 3,408 3,256 4,313 2,820 1,449 2,636 2,288 2,020.4 1,889.7 1,730.5 1,397.7 1,510.4 1,303.5 1,204.6 1,123.3 1,178.1 1,200.7 1,379.7 1,034.3 1,502.1 142.1 159.1 135.0 127.3 255.9 84.6 133.3 158.3 121.2 88.1 131.8 187.9 115.4 226.7 183.5 155.8 70.8 124.1 67.8 75.5 24.3 13.4 70.4 30.6 16.0 24.5 26.7 39.3 37.4 18.4 11.9 11.7 (1.3) (0.2) (0.4) 15.1 13.4 71 1.5 6.1 (1) 1.2 0.1 11.2 (3) 28.6 158.6 5.7
Free Cash Flow 2,873 852 990 820 1,429 1,600 1,067 967 5,736 1,246 992 237 1,569 260 828 73 157 357 1,486 (42) 2,362 532 194 367 2,201 533.7 786.4 622.7 330.2 472.5 510.7 350.6 218.5 866.8 415.3 255.5 400.5 401.2 425.4 225.9 368.6 68.3 21.9 209.5 (23.7) 375.8 374.1 26.1 41.0 131.1 (54.5) 68.6 88.5 59.2 101.6 25.7 73.8 95.5 7.5 (4.1) 93.8 52.6 131 (25.1) 119.2 262.3 16 50.9 19.9 263.3 38.4 39.4 91.6 47.8 40.4 (21.3) 137 86.7 (23.9) 33.8 74.4 113.6 (39.2) 26 29 87.4 (14.3) 14.5 26.4
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 6,473 6,336 6,229 5,556 5,289 5,196 5,609 4,874 6,367 4,924 5,097 4,132 4,239 4,300 4,009 3,830 3,750 3,758 3,917 4,067 3,958 4,068 3,643 3,620 3,251 3,785.0 3,641 3,473 3,431 3,278.5 3,227.5 3,195.9 3,173.7 3,232.4 3,145.3 3,129.3 3,008.7 3,069.3 2,900.6 3,039.1 2,512.6 2,828.6 2,438.6 2,630.3 2,520.6 2,697.4 2,716.6 2,833.0 2,657.2 2,736.8 2,389.8 2,590.6 2,601.1 2,723.1 2,449.1 2,375.8 2,293.0 2,348.2 1,994.9 2,204.0 2,282.4 2,274.1 1,955.5 1,931.9 2,100.2 1,943.8 1,779.0 1,813.2 1,530.8 1,368.0 1,310.3 1,642.6 1,360.3 1,496.6 1,378.3 1,488.8 1,354.6 1,469.6 1,282.5 1,242.5 1,199.1 1,238.8 1,158.4 1,091.3 1,096.2 1,123.8 959.5 976.4 979.2 1,093.9 714.4 714.3 557.3 551.0 465.5 493.7 502.0 402.4 419.3 402.1
Gross Profit 1,852 1,664 771 713 778 651 549 638 653 440 670 579 642 540 182 360 370 (289) 113 697 287 363 543 443 193 591.9 623 539 478 384.4 563.7 486.7 374.3 529.7 553.1 529.8 415.5 519.0 489.7 540.0 304.1 407.3 323.1 386.5 347.4 437.1 404.2 465.8 348.0 389.3 346.9 71.2 429.4 485.7 338.0 347.7 317.1 370.8 280.5 313.2 360.7 404.7 309.8 308.3 301.8 265.5 266.2 308.2 125.4 189.9 113.2 261.5 150.6 297.5 232.4 330.4 268.9 314.8 246.8 195.3 235.8 222.4 225.4 105.5 214.2 203.0 169.8 207.5 189.1 192.3 146.8 132.7 105.7 28.6 95.9 90.3 102.5 101.8 89.4 84.9
Operating Income 441 510 320 341 369 225 214 269 272 164 380 265 351 271 (77) 147 267 57 (34) 482 186 169 285 195 (96) 308.3 347 260 217 137.9 322.7 247.3 137.9 255.5 340.2 339.3 207.8 295.5 287.6 353.2 107.6 206.7 140.1 213.8 184.1 276.7 231.8 300.5 199.4 229.5 201.7 (74.8) 278.8 321.1 201.5 215.9 180.8 220.6 156.4 187.2 226.8 275.3 197.2 198.1 193.3 160.2 182.6 215.4 34.2 20.2 32.5 171.0 56.7 110.2 121.7 123.7 119.2 128.2 117.6 97.4 108.2 109.6 113.6 32.6 100.5 79.9 89.1 105.4 94.8 91.7 67.0 49.7 45.1 (32.4) 50.1 35.7 45.3 50.7 353.3 347.1
Net Income 330 463 253 180 286 148 156 203 210 158 287 205 252 204 (76) 105 197 156 (22) 344 139 132 213 158 (88) 235.0 263 202 170 110.0 301.2 204.4 100.2 1,216.9 227.6 232.2 145.5 190.1 198.7 236.1 76.5 163.1 83.5 130.4 125.1 191.1 158.0 198.3 136.7 145.0 138.0 (49.6) 185.5 223.0 144.5 141.1 123.3 158.5 134.6 123.9 148.9 196.7 128.2 127.0 122.4 112.4 118.2 153.2 23.3 9.4 25.2 110.7 31.5 63.6 76.5 77.5 76.3 81.5 74.0 63.6 69.1 68.2 67.6 21.8 66.6 55.4 39.4 65.3 61.7 56.1 42.6 33.4 28.1 (28.1) 30.5 21.6 9.2 29.1 18.9 20.4
EPS (Diluted) 5.00 6.97 3.78 2.70 4.27 2.22 2.33 3.03 3.16 2.37 4.29 3.05 3.72 3.01 -1.13 1.55 2.91 2.30 -0.32 5.02 2.04 1.93 3.12 2.48 -1.41 3.68 4.12 3.18 2.65 1.72 4.68 3.13 1.52 18.49 3.47 3.54 2.22 2.92 3.07 3.64 1.17 2.46 1.25 1.94 1.81 2.75 2.28 2.84 1.92 2.03 1.93 -0.69 2.49 3.00 1.95 1.91 1.67 2.15 1.98 1.78 2.18 2.69 1.72 1.70 1.64 1.51 1.62 2.10 0.32 0.13 0.40 1.73 0.49 1.03 1.19 1.20 1.19 1.32 1.17 1.01 1.10 1.12 1.06 0.34 1.04 0.88 0.63 1.04 0.98 0.90 0.85 0.67 0.56 -0.57 0.61 0.43 0.19 0.59 0.38 0.41
Balance Sheet
Cash & Equivalents 4,993 4,168 4,625 5,416 5,151 3,326 5,195 4,596 5,935 2,970 2,820 2,598 3,294 2,927 3,512 2,556 2,709 2,948 3,027 3,254 3,122 3,408 3,256 4,313 2,820 1,449 2,635.6 2,287.5 2,020.4 1,889.7 1,730.5 1,397.7 1,510.4 1,303.5 1,204.6 1,123.3 1,178.1 1,200.7 1,379.7 1,034.3 1,502.1 557.8 525.4 512.0 416.9 586.5 451.0 127.3 255.9 84.6 158.3 121.2 88.1 131.8 183.5 155.8 123.3 70.8 124.1 67.8 75.5 24.3 0 0 0 16.0 0 0 0 37.4 0 0 0 13.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 164,064 156,590 152,003 133,479 128,210 118,675 120,258 109,888 106,000 97,623 87,422 89,040 89,120 84,904 82,705 84,609 89,761 92,175 91,449 88,944 84,810 84,656 82,127 80,729 75,654 76,731 75,774.0 72,043.8 66,692.5 64,535.2 62,972.6 59,766.5 60,954.8 60,514.8 58,694.0 58,138.1 53,805.8 53,097.9 54,832.5 53,876.7 52,186.6 27,220.6 26,722.5 25,249.5 22,649.3 21,634.3 21,099.3 12,509.0 12,705.1 12,113.4 10,265.3 9,571.2 8,892.6 7,729.2 6,505.4 6,212.2 6,136.1 6,090 5,921.9 5,812.3 5,380.8 5,120.0 5,179.7 6,728.9 6,410.7 6,314.8 5,846.5 5,537.1 5,074.9 4,673.6 3,756.4 3,361.1 3,148 2,893.7 2,714.8 2,498.5 2,352.2 1,989.9 1,885.7 1,588.8 1,506.6 1,394.3 1,345.9 1,309 1,286.8 1,249.6 1,190.9 1,117.4 928.1
Total Debt 6,105 5,710 5,734 5,734 5,734 5,042 5,067 5,067 4,427 4,427 4,450 4,850 4,455 3,961 4,207 3,819 3,833 3,847 3,487 3,496 3,919 3,961 3,981 4,006 3,550 3,579 3,991.7 4,016.7 3,443.9 3,469.8 3,498.8 3,513.1 3,541.6 3,572.3 3,585.3 3,611.6 3,614.1 3,929.3 3,936.1 3,958.8 3,197.2 9,847.7 9,616.3 1,216.1 9,121.5 9,381.4 926.7 401.4 404.1 398.1 377.0 344.7 327.8 325.4 318.2 318.0 281.8 272.3 262.1 263.4 184.8 184.0 183.9 183.8 109.8 108.0 107.7 108.1 107 106.8 107.7 106.1 106.4 106.5 106.4 104.5 104.3 0 0 0 437.4 434 428.4 396.6 391 385.1 0 0 0
Stockholders' Equity 13,294 13,461 12,978 12,053 11,402 10,816 11,127 9,735 9,468 9,081 8,063 7,805 7,626 7,081 3,653 5,839 9,182 13,014 12,885 13,444 12,090 14,352 13,214 12,553 9,301 11,601 11,523.7 10,709.0 9,670.1 8,450.6 8,579.3 8,601.7 9,008.3 9,569.5 8,097.1 7,971.2 7,420.0 7,093.1 7,993.5 7,580.6 6,718.9 4,442.7 4,165.4 3,867.9 3,099.2 2,473.2 3,040.0 1,955.2 2,060.9 1,947.7 1,440.3 1,249.7 1,222.5 1,180.5 918.5 888.1 880.6 862.9 829.6 779.5 805.8 732.9 646.6 697.7 737.1 748.5 784.7 760.7 521.1 499.3 471.2 440.2 407.7 425.6 386.7 372.6 367 376.9 337.6 324.1 294.2 276.8 275.9 271.7 276.6 279.4 267.8 265 106.4
Cash Flow
Operating Cash Flow 2,873 852 990 820 1,429 1,600 1,067 967 5,736 1,226 1,000 244 1,574 266 835 79 163 361 1,491 (36) 2,366 543 200 372 2,207 543.8 794 630 340.6 481.0 516.6 359.8 223.7 877.8 448.5 238.6 417.4 445.8 425.4 225.9 368.6 68.3 21.9 209.5 101.7 375.8 374.1 26.1 41.0 131.1 (54.5) 68.6 88.5 59.2 101.6 25.7 73.8 95.5 7.5 (4.1) 93.8 52.6 131 (25.1) 119.2 262.3 16.1 50.9 19.9 263.3 38.4 39.4 91.6 47.8 93.2 (21.3) 137 86.7 (23.9) 33.8 74.4 113.6 (39.2) 26 29 87.4 (14.3) 14.5 26.4
Capital Expenditure 0 0 0 0 0 0 0 0 0 20 (8) (7) (5) (6) (7) (6) (6) (4) (5) (6) (4) (11) (6) (5) (6) (10.0) (6.5) (7.0) (10.4) (8.4) (5.9) (9.3) (5.3) (11.0) (33.2) 16.9 (16.9) (44.6) 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 0
Free Cash Flow 2,873 852 990 820 1,429 1,600 1,067 967 5,736 1,246 992 237 1,569 260 828 73 157 357 1,486 (42) 2,362 532 194 367 2,201 533.7 786.4 622.7 330.2 472.5 510.7 350.6 218.5 866.8 415.3 255.5 400.5 401.2 425.4 225.9 368.6 68.3 21.9 209.5 (23.7) 375.8 374.1 26.1 41.0 131.1 (54.5) 68.6 88.5 59.2 101.6 25.7 73.8 95.5 7.5 (4.1) 93.8 52.6 131 (25.1) 119.2 262.3 16 50.9 19.9 263.3 38.4 39.4 91.6 47.8 40.4 (21.3) 137 86.7 (23.9) 33.8 74.4 113.6 (39.2) 26 29 87.4 (14.3) 14.5 26.4