Sinclair, Inc. logo SBGI - Sinclair, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 14
HOLD 5
SELL 1
STRONG
SELL
0
| PRICE TARGET: $18.00 DETAILS
HIGH: $19.00
LOW: $17.00
MEDIAN: $18.00
CONSENSUS: $18.00
UPSIDE: 32.33%
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 807 836 773 784 776 1,004 917 829 798 826 767 768 773 960 843 837 1,288 1,476 1,535 1,612 1,511 1,512 1,539 1,283 1,609 1,622 1,125 770.7 722.1 893.3 766.3 730.1 665.4 734.0 670.9 679.3 649.9 797.7 693.8 666.5 578.9 611.8 548.4 554.2 504.8 613.8 495.0 455.1 412.6 427.7 338.6 314.2 282.6 329.5 260.5 253.6 223.8 213.2 180.9 186.6 179.5 225.6 186.5 185.6 169.6 183.3 160.1 158.3 154.7 196.0 178.2 193.6 186.7 198.1 176.7 180.7 166.9 198.1 168.5 185.1 163.5 178.8 165.8 183.6 164.7 149.3 181.5 201.0 176.5 192.9 195.8 203.3 191.6 184.6 192.6 165.6 218.2 187.2 207.6 175.8
Cost of Revenue 510 497 413 420 418 467 414 425 502 449 400 441 432 416 430 434 796 942 1,055 1,381 1,063 492 1,114 425 881 916 560 335.2 319.0 297.8 303.8 300.9 288.5 307.7 309.6 311.3 298.6 311.0 290.5 292.6 256.5 243.7 227.3 224.1 204.2 214.6 189.9 178.3 160.8 158.7 129.8 115.8 106.3 109.2 62.0 63.4 88.8 82.9 66.7 67.2 64.6 85.7 70.3 77.3 55.9 5.1 56.8 78.9 78.2 11.2 85.6 54.5 87.0 69.0 60.3 57.6 52.6 60.7 50.9 57.3 52.9 59.0 50.3 38.8 43.1 44.6 55.0 60.1 55.4 (15.2) 56.2 36.6 36.9 35.4 37.2 38.2 3.1 46.8 51.1 46.5
Gross Profit 297 339 360 364 358 537 503 404 296 377 367 327 341 544 413 403 492 534 480 231 448 1,020 425 858 728 706 565 435.6 403.1 595.5 462.5 429.3 376.8 426.3 361.3 368.0 351.3 486.7 403.3 373.9 322.4 368.1 321.1 330.0 300.5 399.3 305.0 276.9 251.8 269.0 208.9 198.3 176.3 220.3 198.5 190.2 135.1 130.3 114.2 119.4 114.9 139.9 116.2 108.3 113.7 178.2 103.3 79.3 76.6 184.8 92.6 139.1 99.7 129.1 116.4 123.0 114.2 137.4 117.5 127.8 110.5 119.8 115.4 144.8 121.6 104.7 126.4 140.9 121.1 208.1 139.6 166.7 154.7 149.2 155.4 127.3 215.1 140.4 156.5 129.4
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 4.9 2.6 1.3 1.2 1.0 0.7 1.2 1.1 0.9 4.8 4.2 2.5 3.0 2.4 1.6 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 0
SG&A Expenses 263 74 243 245 244 239 242 244 254 1,276 221 252 249 253 220 233 267 272 263 270 274 262 242 218 259 387 444 238.5 211.6 224.9 213.4 175.3 166.8 217.5 187.5 181.0 176.3 181.5 178.2 173.6 169.8 173.5 151.2 146.7 148.3 158.5 142.9 123.6 121.7 116.9 101.5 83.4 82.0 76.5 82.0 80.0 45.5 38.6 37.1 37.3 39.2 40.4 38.5 37.8 37.2 38.6 34.6 38.0 37.3 102.2 19.3 56.2 18.7 44.1 39.2 42.1 40.2 42.7 40.0 40.8 40.0 40.6 39.9 58.4 54.1 39.8 44.6 47.5 47.0 118.8 43.9 54.9 57.9 58.4 58.8 54.3 101.1 40.6 44.3 40.6
Other Expenses 0 185 59 98 100 32 82 96 0 (513) 109 78 71 38 39 63 (3,241) 97 144 139 139 133 4,399 148 142 42 3 5.5 2.2 1.5 5.7 4.2 3.3 3.3 2.3 1.6 1.7 0.8 0.8 1.1 0.5 0.3 (0.0) 1.1 0.2 2.4 0.7 1.0 0.9 0.7 0.5 0.5 0.5 0.5 38.0 38.2 29.7 27.3 24.8 24.6 25.2 13.3 13.7 13.8 14.3 86.3 15.7 15.5 15.9 34.1 35.9 39.5 34.8 38.0 44.3 39.1 36.6 56.1 39.5 39.8 35.2 34.9 35.2 34.1 35.0 30.3 42.7 40.3 43.8 43.5 40.2 47.9 47.8 89.9 72.4 64.1 68.5 62.3 62.8 65.6
Operating Expenses 263 259 302 343 344 271 324 340 254 763 330 330 320 291 259 296 (2,974) 369 407 409 413 395 4,641 366 401 429 606 343.5 317.4 335.9 315.5 302.4 290.6 294.1 257.8 249.3 247.0 253.3 252.6 244.8 238.7 243.9 221.5 215.7 216.0 228.1 202.7 173.8 170.8 162.4 136.0 114.1 112.6 101.2 120.0 118.2 75.2 66.0 62.0 61.8 64.5 53.7 60.1 51.6 67.5 124.9 67.3 53.5 53.2 136.4 55.2 95.8 53.5 82.1 83.5 81.2 76.9 98.8 79.5 80.6 75.2 75.6 75.2 92.5 89.1 70.1 87.3 87.8 90.7 162.3 84.0 102.9 105.7 148.4 131.2 118.4 169.6 102.9 107.1 106.2
Operating Income
Operating Income 34 80 58 21 14 266 179 64 42 (386) 37 (3) 21 253 154 107 3,466 165 73 (178) 35 625 (4,216) 492 327 277 (6) 106.0 93.6 263.0 157.8 131.6 107.3 357.6 103.4 118.8 157.6 233.4 154.0 129.1 86.3 124.2 99.6 114.3 84.5 208.9 101.7 103.0 81 103.3 72.8 84.3 63.7 119.1 78.6 72.0 59.9 63.9 52.2 57.6 50.5 81.3 56.1 56.7 46.2 (66.1) 35.7 25.8 (106.7) (415.4) 37.4 43.3 46.2 47.0 32.9 41.9 37.3 38.6 38.1 47.2 35.4 44.2 40.3 52.3 32.5 34.7 39.1 53.1 30.4 45.8 55.5 63.8 49.0 0.5 24.2 6.5 45.5 37.5 49.4 23.2
Interest Expense 85 84 85 82 144 74 78 76 76 78 77 76 74 68 59 54 115 152 155 160 151 154 157 165 180 185 129 53.7 54 54.2 75.8 92.3 69.7 52.3 51.7 51.0 57.3 54.3 53.5 53.9 49.4 48.6 48.6 47.7 46.6 47.3 48.0 40.1 39.5 39.9 39.9 45.5 37.7 36.6 35.3 29.3 27.4 27.6 24.5 24.6 28.9 27.3 31.3 28.4 29.0 26.5 17.5 17.6 18.4 0 21.6 21.9 22.7 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
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0 0 0 0.1 0.2 0.2 0.2 0.1 0 0 0 0.7 0 0 0 0.2 0 0 0 0.1 0 0 0 0.1 0 0 0 0.5 0 0.7 0.7 0.7 0 0.6
Profitability
EBITDA 117 290 205 82 25 360 266 181 179 (317) 86 75 92 307 221 174 227 339 217 (31) 188 903 203 640 493 424 105 165.5 148.5 345.7 157.8 198.3 196.0 450.3 171.2 185.7 257.2 303.9 225.9 199.5 152.4 194.8 164.8 179.0 149.7 247.1 161.5 153.3 130.1 155.0 107.3 84.3 93.7 145.2 102.8 115.0 90.5 91.3 79.6 70.3 75.7 91.3 67.8 69.5 61.2 (51.1) 52.9 43.5 (106.7) (454.7) 55.5 58.7 63.4 87.2 32.9 41.9 75.7 80.5 78.9 47.2 35.4 79.2 77.0 87.4 68.4 74.2 76.7 89.5 70.0 90.1 96.8 112.9 99.9 82.0 91.7 73.2 114.0 99.8 112.2 88.8
EBIT 34 207 143 6 (56) 299 203 100 97 (384) 20 2 27 237 154 107 106 119 69 (178) 35 622 29 464 319 209 (15) 99.7 82 277 138 118.3 98.1 351.2 101.4 121.9 156.6 233.2 132.5 129.5 87.2 125.3 99.4 114.3 84.5 196.4 101.7 103.0 81 62.4 72.8 68.1 63.1 120.9 80.9 77.8 61.3 64.0 54.8 56.1 52.7 78.0 50.7 55.3 46.5 (66.3) 36.6 26.7 (87.5) (407.0) 39.2 42.5 48.2 47.0 32.9 41.9 37.6 38.6 38.0 47.2 35.4 44.2 40.3 52.3 32.6 34.7 34.3 47.3 25.3 45.8 55.5 63.8 49.0 0.8 24.7 8.9 45.5 37.5 49.4 23.2
Income Before Tax (137) 123 0 (76) (200) 225 125 24 21 (462) (57) (67.0) 397.0 219 138 34.0 3,303 (37.0) 108.0 (259.0) 35.0 599 (2,520) 327 163 95 (144) 46.0 27.5 193.5 62.4 26.0 28.4 298.9 49.7 70.9 99.3 178.9 79.0 77.2 37.8 71.6 51.2 69.7 41.3 149.1 56.3 64.7 42.5 22.5 35.0 22.6 25.4 84.4 45.7 48.5 33.9 36.4 30.3 30.9 22.9 50.6 19.4 27.7 18.1 (92.8) 19.2 9.1 (105.8) (430.5) 21.1 23.6 28.0 27.7 13.9 0.6 (3.1) 12.2 10.5 19.3 15.7 19.1 16.0 23.8 13.8 (19.2) 5.8 38.1 0.5 22.6 2.2 29.8 (4.7) (57.4) (16.3) (41.8) 0.6 (15.7) 3.7 (19.5)
Income Tax Expense (158) 7 (1) (14) (46) 46 29 5 (4) (122) (12) 20.0 204.0 157 109 40.0 687 4.0 91.0 69.0 9.0 85 847 54 12 8 (95) 2.6 4.8 (14.2) (2.6) (3.3) (15.6) (145.9) 17.1 24.9 28.6 56.4 27.0 26.6 12.2 10.7 7.2 23.3 16.4 52.0 7.5 23.1 14.8 18.3 4.5 9.7 8.8 25.7 19.2 18.3 4.8 13.1 10.9 12.5 8.0 17.3 5.2 10.7 7.1 (23.4) 3.3 6.4 (18.8) (147.8) 9.4 10.5 11.5 16.5 4.3 (1.2) (0.8) 4.2 (12.3) 8.5 7.5 20.6 2.6 8.4 5.4 (6.6) 2.3 15.3 0.2 5.7 1.6 (1.2) (2.6) (23.4) (3.3) (5.1) 11.9 4.9 4.9 (16.9)
Net Income 20 109 (1) (64) (156) 176 94 17 23 (341) (46) (89) 185 55 21 (11) 2,587 (89) 19 (332) (12) 467 (3,256) 252 123 43 (60) 42.3 21.7 206.2 63.9 28.0 43.1 443.5 30.6 44.6 57.2 120.9 50.8 49.4 24.1 58.2 43.3 45.8 24.3 95.4 48.3 41.3 27.2 2.3 36.3 17.8 17.0 59.0 26.2 30.1 29.4 22.7 19.2 18.6 15.3 33.1 14.3 17.3 11.5 (67.8) 14.9 2.8 (85.7) (282.8) 11.7 13.3 16.4 33.4 9.9 2.2 (2.4) 59.8 22.6 10.3 11.2 (0.7) 31.6 145.1 11.3 (2.6) 3.5 22.8 0.3 18.6 0.7 (498.7) (1.4) (43.5) (17.7) (36.6) 59.1 18.8 1.2 (1.8)
Per Share Data
EPS (Basic) 0.28 1.56 -0.01 -0.92 -2.30 2.65 1.42 0.26 0.36 -5.37 -0.73 -1.39 2.65 0.79 0.41 -0.08 35.85 -1.19 0.25 -4.41 -0.16 6.32 -42.92 3.13 1.36 0.47 -0.65 0.46 0.23 2.12 0.63 0.27 0.42 4.36 0.30 0.43 0.62 1.34 0.54 0.52 0.25 0.62 0.46 0.48 0.26 0.99 0.50 0.43 0.27 0.02 0.37 0.19 0.21 0.73 0.33 0.37 0.36 0.28 0.24 0.23 0.19 0.41 0.18 0.22 0.14 -0.85 0.19 0.04 -1.06 -3.50 0.12 0.13 0.17 0.13 0.11 0.03 -0.03 0.09 0.26 0.12 0.11 -0.01 0.36 1.98 0.10 -0.03 0.01 0.24 -0.03 0.22 -0.02 -5.84 -0.02 -0.51 -0.21 -0.43 -0.13 0.18 -0.01 -0.02
EPS (Diluted) 0.28 1.55 -0.01 -0.92 -2.30 2.62 1.41 0.26 0.36 -5.37 -0.73 -1.39 2.65 0.79 0.41 -0.08 35.84 -1.19 0.25 -4.41 -0.16 6.27 -42.91 3.12 1.35 0.47 -0.65 0.45 0.23 2.10 0.62 0.27 0.42 4.32 0.30 0.43 0.61 1.32 0.54 0.52 0.25 0.61 0.45 0.48 0.25 0.98 0.49 0.42 0.27 0.02 0.36 0.19 0.21 0.73 0.32 0.37 0.36 0.28 0.24 0.23 0.19 0.41 0.18 0.21 0.14 -0.85 0.19 0.04 -1.06 -3.50 0.12 0.13 0.17 0.13 0.11 0.03 -0.03 0.09 0.25 0.12 0.11 -0.01 0.36 1.74 0.10 -0.03 0.01 0.22 -0.03 0.22 -0.02 -5.83 -0.02 -0.51 -0.21 -0.43 -0.13 0.18 -0.01 -0.02
Shares Outstanding 70.6 69.7 69.7 69.6 67.5 66.4 66.4 66.2 64.2 63.5 63.3 64.0 69.7 69.7 69.9 70.9 72.2 75.0 75.5 75.3 74.4 74.0 74.8 80.4 90.6 91.9 92.1 91.8 92.3 97.5 102.1 102.2 101.9 101.7 102.2 102.6 92.6 90.5 93.9 95.0 94.7 94.6 95.0 95.3 95.1 96.4 97.2 97.2 98.8 99.8 99.5 92.1 81.2 81.1 81.1 81.0 80.9 79.0 80.8 80.7 80.4 80.4 80.3 80.3 80.0 79.8 79.7 79.6 80.8 80.8 86.3 87.6 87.3 87.2 87.2 87.1 86.1 85.8 85.7 85.7 85.5 85.5 85.4 85.4 85.2 85.2 85.3 85.6 85.9 85.9 85.6 85.3 85.4 84.9 84.3 84.6 84.6 90.4 92.5 95.2
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
Current Assets
Cash & Cash Equivalents 844 866 526 616 631 697 536 378 655 662 643 728 623 884 607 420 521 816 1,058 964 941 1,259 632 622 1,342 1,333 1,399 929.0 975.3 1,060.3 1,023.0 1,014.7 810.2 681.3 602.2 796.0 815.7 260.0 104.5 103.7 141.5 42.8 90.2 23.2 13.1 11.2 10.4 7.4 16.4 28.7 16.2 49.7 5.3 44.1 7.0 1.4 3.7 4.1 22.1 4.1 8.6 16.4 8.4 9.6 5.9 3.3 107.4 320.1 6.9 139.3 10.3 2.7 36.7 2.3 1.7 4.2 6.4 112.5 105 3.5 6.4 2.4
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 631 687 633 624 676 642 624 670 649 624 605 588 608 617 586 606 776 1,397 1,447 1,328 1,293 1,290 1,356 1,095 1,237 1,235 1,137 611.8 623.3 599 696.9 585.8 581.2 666.0 626.0 577.2 570.7 603.1 639.1 526.2 479.8 112.8 102.8 106.9 93.2 92.4 141.0 141.8 123.4 141.7 141.5 127.0 185.9 147.1 136.8 150.9 133.6 167.3 166.0 193.1 156.4 210.3 183.7 188.4 153.6 196.9 153.1 129.1 92.4 123 96.5 102.1 89.1 112.4 89.2 81.8 50 50 41.3 42.4 32.9 37.9
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 0 226.6 313.1 323.9 12.8 13.3 5.8 8.5 9.1 9.2 40.1 (110.7) 16.2 23.2 22.1 20.1 29.3 21.5 26.5 24.7 19.5 26.8 20.4 29.9 21.9 28.8 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
Other Current Assets 153 147 0 219 197 146 195 174 177 189 206 190 216 182 370 339 170 173 206 175 194 170 218 150 152 232 130 30.1 42.1 0 87.1 19.7 297.2 412.6 426.7 52.8 74.0 0.2 128.0 45.5 71.9 58.9 84.3 81.5 40.1 54.1 93.3 51.1 62.9 173.3 59.4 74.2 85.0 90.1 153.8 106.1 90.4 83.9 201.3 241.7 260.5 339.6 850.9 91.6 127.5 124.5 73.2 82.8 291.5 68.5 70 51.3 47.4 53.1 62.5 43.2 131.9 25.8 30.7 23.4 25.8 27.3
Total Current Assets 1,628 1,700 1,339 1,459 1,504 1,485 1,355 1,222 1,481 1,475 1,454 1,506 1,447 1,683 1,563 1,365 1,467 2,471 2,792 2,657 2,970 3,217 2,541 2,592 3,069 2,913 2,903 1,635.6 1,683.0 1,783.9 1,790.7 1,678.8 1,714.7 1,714.7 1,589.4 1,422.4 1,440.8 905.1 790.1 678.0 682.5 228.4 252.9 225.8 158.2 168.9 256.5 217.1 211.8 260.8 234.2 262.8 297.1 299.7 315.6 268.3 244.5 269.7 389.3 439.0 425.5 566.3 1,043 289.7 287 324.7 333.7 532 390.8 330.8 176.8 156.1 173.2 167.8 153.4 129.2 188.3 188.3 177 69.3 65.1 67.6
Non-Current Assets
Property, Plant & Equipment 752 765 777 782 794 812 840 850 859 838 846 848 863 854 866 862 867 1,019 962 968 993 995 1,020 1,029 1,012 962 962 891.9 881.0 648.5 674.4 666.6 654.4 651.2 724.1 705.5 712.5 627.5 713.1 727.8 723.8 281.4 286.6 296.2 309.5 317.4 276.0 356.9 356.0 355.8 349.3 335.8 337.2 322.5 282.9 276.4 279.0 281.0 277.1 275.4 268.2 251.8 250.4 289.8 275.4 280.4 285.4 195.1 182.4 161.7 161.3 156.7 152.6 154.3 152.1 139.4 42.8 42.8 43.5 43.5 43.9 41.2
Goodwill 2,082 2,085 2,086 2,087 2,094 2,082 2,082 2,082 2,082 2,082 2,082 2,082 2,082 2,088 2,088 2,088 2,088 2,088 2,088 2,088 2,091 2,092 2,092 4,716 4,716 4,716 4,048 2,123.9 2,123.9 2,123.9 2,125.4 2,022.1 2,022.0 2,124.0 2,113.7 2,002.8 1,998.1 1,990.7 1,989.6 2,017.4 2,081.9 660.0 660.0 660.0 754.7 754.7 1,017.5 0 0 0 0 0 0 1,730.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 663 149 719 725 761 780 816 852 891 929 971 1,013 1,054 1,096 1,139 1,182 1,225 5,238 5,349 5,497 5,650 5,795 5,910 7,827 7,972 8,135 9,262 1,698.8 1,742.4 1,785.1 1,828.6 1,842.9 1,886.2 1,961.0 2,010.7 1,885.9 1,914.4 2,100.7 2,136.5 2,133.5 2,028.5 238.5 241.5 52.0 275.7 275.5 625.7 1,813.9 1,818.5 1,730.4 1,819.6 1,824.2 1,828.6 280.4 2,595.4 2,623.9 2,655.6 2,684.1 2,659.3 2,681.3 2,528.1 2,487 2,515.3 3,119.9 3,083.5 3,100.4 3,110 1,876.8 1,620.7 1,322.2 1,336.5 1,333.5 1,250.4 1,256.3 1,267.7 1,240 268.8 268.8 275.1 282.8 275.1 181.1
Long-Term Investments 525 604 356 330 347 430 431 414 481 515 502 527 582 555 549 547 640 1,084 1,182 1,106 1,067 901 0 0 0 511 0 0 0 117.0 74.9 91.3 0 184.3 105.2 109 112.6 168.6 119.9 113.5 103.3 (7.3) (7.3) 186.1 (9.0) (9.0) (8.3) (12.4) (12.4) (12.4) (7.6) (7.6) (6.0) (2.0) (12.0) (12.0) 0 0 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 126 646 290 287 279 296 261 266 244 246 228 225 408 428 400 405 375 348 179 171 159 185 661 605 591 133 604 203.4 203.9 39.8 208.3 371.2 386.1 38.4 249.2 272.9 251.5 52.1 237.0 223.0 230.4 131.6 135.6 170.3 108.0 109.7 43.7 105.9 127.6 142.3 154.2 151.3 143.8 590.1 204.8 162.6 174.4 165.8 156.5 147.5 309.7 314.4 176.3 159.8 151.5 149.1 118.7 213.6 180.9 219.5 206.2 116.2 133.7 128.9 136.5 130.6 105.4 105.4 99.3 94.5 104.2 107.6
Total Non-Current Assets 4,148 4,249 4,228 4,211 4,275 4,400 4,430 4,464 4,557 4,610 4,629 4,695 4,989 5,021 5,042 5,084 5,195 10,070 10,053 10,123 10,162 10,165 9,942 14,177 14,291 14,457 14,876 4,918.0 4,951.2 4,788.2 4,836.7 4,902.8 4,948.7 5,069.7 5,097.6 4,867.1 4,876.5 5,058.1 5,076.1 5,101.7 5,064.7 1,311.5 1,323.7 1,371.9 1,447.9 1,457.4 1,962.9 2,276.8 2,302.1 2,303.8 2,323.1 2,311.3 2,309.7 2,923.4 3,083.0 3,062.9 3,108.9 3,130.9 3,093.0 3,104.2 3,106.0 3,053.2 2,942 3,569.5 3,510.4 3,529.9 3,514.1 2,285.5 1,984 1,703.4 1,704 1,606.4 1,536.7 1,539.5 1,556.3 1,510 417 417 417.9 420.8 423.2 329.9
Total Assets 5,776 5,949 5,567 5,670 5,779 5,885 5,785 5,686 6,038 6,085 6,083 6,201 6,436 6,704 6,605 6,449 6,662 12,541 12,845 12,780 13,132 13,382 12,483 16,769 17,360 17,370 17,779 6,553.7 6,634.2 6,572.1 6,627.4 6,581.5 6,663.4 6,784.5 6,687.1 6,289.5 6,317.3 5,963.2 5,866.2 5,779.7 5,747.2 1,539.8 1,576.6 1,597.7 1,606.1 1,626.3 2,219.4 2,493.9 2,513.9 2,564.6 2,557.3 2,574.1 2,606.8 3,223.1 3,398.6 3,331.1 3,353.4 3,400.6 3,482.3 3,543.1 3,531.5 3,619.5 3,985 3,859.2 3,797.4 3,854.6 3,847.8 2,817.5 2,374.8 2,034.2 1,880.8 1,762.5 1,709.9 1,707.3 1,709.7 1,639.2 605.3 605.3 594.9 490.1 488.3 397.5
Current Liabilities
Account Payables 532 232 451 558 439 107 479 503 854 142 419 452 402 125 412 0 0 154 0 0 0 90 0 0 0 115 630 424.6 376.3 99 428.5 455.5 77.4 101.4 290.8 577.2 87.5 603.1 639.1 63.5 85.8 3.8 3.2 3.7 3.6 4.1 4.6 6.2 7.3 8.3 6.1 9.5 15.6 8.2 5.2 4.9 5.6 6.9 4.7 6.7 7.2 7.6 9.6 16.4 15 18.1 30.7 9.9 6.5 5.2 4.2 5.3 4.8 11.9 5.3 4.2 2.2 2.2 3.2 3.5 4.7 3.3
Short-Term Debt 48 49 22.1 25 25 38 38 37 37 36 37 37 37 38 43 43 36 69 66 66 58 58 72 71 71 71 109 47.9 42.2 42.6 43.7 44.2 154.9 161.0 166.7 170.7 67.1 174.7 168.8 178.5 168.4 40.7 54.4 43.6 358.2 69.5 46.2 43.4 43.8 42.3 19.9 4.5 4.4 4.4 6.2 98.3 105.5 105.9 97.7 91.9 86.7 192.9 195.9 140.8 61.2 54.1 41 92.3 38.9 38.3 37.8 66.9 65.5 64 79.8 63.5 1.1 3.5 1.4 13.7 13.4 27.7
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 (630) (424.6) (376.3) 83.3 (428.5) (455.5) (356.8) 133.9 321.3 10.9 10.9 31.7 8.1 9.2 9.3 3.5 3.3 2.8 5.2 4.5 2.8 3.6 3.6 3.2 4.2 3.7 3.0 3.6 4.3 4.7 51.5 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
Other Current Liabilities 71 401 165.9 78 98 161 85 77 70 155 64 66 77 167 210 79 79 488 307 293 288 448 287 169 133 291 316 31.1 (282.4) 148.4 (301.9) (389.1) (1.7) 184.0 (321.3) 65.1 0 105.1 131.6 (7.0) 0 0 0 0 0 0 97.4 107.4 114.7 121.0 104.6 114.6 121.4 124.8 123.4 6.0 130.1 152.3 230.2 181.5 190.5 187.1 89.2 94.1 172.1 196.7 203.8 57.1 114.8 111.2 101.7 93.2 93.3 97.7 83.9 71.6 55.2 52.8 43.9 31.8 36.1 39.1
Total Current Liabilities 672 703 666 772 724 605 709 686 1,040 1,103 624 624 605 608 688 617 603 1,202 1,140 1,036 922 1,034 974 903 840 1,134 1,093 526.2 539.6 572.6 600.6 568.0 591.7 726.3 911.2 537.5 467.5 636.5 599.7 531.7 537.7 176.2 204.8 202.7 500.4 215.2 221.0 234.6 228.7 245.2 203.7 194.5 208.6 213.3 215.2 180.7 292.7 363.8 332.6 280.1 284.3 387.6 294.7 251.3 248.3 268.9 275.5 159.3 160.2 154.7 143.7 165.4 163.6 173.6 169 139.3 58.5 58.5 48.5 49 54.2 70.1
Non-Current Liabilities
Long-Term Debt 4,347 4,333 4,069 4,081 4,166 4,091 4,093 4,106 4,112 4,139 4,145 4,185 4,221 4,227 4,226 4,233 4,362 12,271 12,464 12,473 12,482 12,493 12,391 12,328 13,231 12,367 12,358 3,727.4 3,841.0 3,812.9 3,858.6 3,864.0 3,875.0 3,887.6 3,889.0 3,897.4 4,017.0 4,029.1 4,037.5 4,000.2 4,015.4 1,256.6 1,283.7 1,322.7 959.6 1,263.3 1,308.1 1,632.6 1,648.1 1,664.5 1,716.6 1,525.9 1,518.7 1,552.4 1,621.4 1,615.1 1,545.4 1,510.6 1,686.1 1,813.5 1,767.3 1,798.7 2,673.1 2,385.9 2,257.5 2,473.1 2,485.9 1,694.5 1,593.7 1,242.4 901.3 1,109 1,051.1 1,224.2 1,209.8 1,182.9 414.6 414.6 400.4 317.5 426.8 318.6
Deferred Tax Liabilities 57 213 0 193 196 335 288 263 258 252 376 387 407 610 465 360 395 0 0 0 0 0 0 455 429 407 361 415.6 414.9 413.3 444.9 441.7 498.7 515.2 661.7 601.1 605.2 609.3 613.0 587.3 551.5 193.2 183.9 177.2 191.6 185.4 290.9 204.4 189.5 190.6 171.9 170.4 173.2 233.5 258.4 264.9 253.3 255.1 235.0 236.1 234.5 233.9 184.7 184.7 184.7 184.7 127.2 36.2 24.1 24.1 0 0 0 0.5 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 102 105 431 108 92 96 211 213 211 218 214 219 224 424 240 438 436 569 616 636 720 842 592 1,061 988 1,551 717 161.2 125.7 549.3 126.7 111.1 114.4 76.7 104.0 115.4 116.4 116.1 114.3 101.6 106.0 84.2 91.9 105.0 103.2 114.0 144.0 178.1 214.2 232.6 255.4 72.7 92.4 108.8 82.8 217.6 184.5 153.7 112.6 91.2 104.0 20.5 25.2 219.8 89.5 108.3 126.5 51.6 54 66 80.5 51.6 54 67.8 82.7 53.4 33.5 33.5 51.6 24.2 22.6 22
Total Non-Current Liabilities 4,712 4,876 4,625 4,605 4,687 4,764 4,727 4,725 4,729 4,761 4,875 4,936 5,000 5,415 5,087 5,190 5,356 13,045 13,265 13,296 13,396 13,533 13,186 14,055 14,864 14,542 15,011 4,498.4 4,575.5 4,399.2 4,441.3 4,428.1 4,500.2 4,523.8 4,667.5 4,627.1 4,753.0 4,768.8 4,779.8 4,705.0 4,689.6 1,534.0 1,559.5 1,597.2 1,254.4 1,562.7 1,743.0 2,015.1 2,051.8 2,087.8 2,144.0 2,169.0 2,184.3 2,294.6 2,362.6 2,097.6 1,983.2 1,919.4 2,033.7 2,140.8 2,105.7 2,053.1 2,883 2,790.4 2,531.7 2,766.1 2,739.6 1,782.3 1,671.8 1,332.5 981.8 1,160.6 1,105.1 1,292.5 1,292.5 1,236.3 448.1 448.1 452 341.7 449.4 340.6
Total Liabilities 5,384 5,579 5,291 5,377 5,411 5,369 5,436 5,411 5,769 5,864 5,499 5,560 5,605 6,023 5,775 5,807 5,959 14,247 14,405 14,332 14,318 14,567 14,160 14,958 15,704 15,676 16,104 5,024.7 5,115.1 4,971.8 5,041.9 4,996.1 5,091.9 5,250.1 5,578.8 5,164.6 5,220.4 5,405.2 5,379.5 5,236.8 5,227.3 1,710.2 1,764.3 1,799.9 1,754.8 1,777.9 1,964.0 2,249.6 2,280.5 2,333.0 2,347.7 2,363.5 2,392.8 2,507.9 2,577.8 2,278.4 2,275.8 2,283.1 2,366.4 2,420.9 2,390.1 2,440.7 3,177.7 3,041.7 2,780 3,035 3,015.1 1,941.6 1,832 1,487.2 1,125.5 1,326 1,268.7 1,466.1 1,461.5 1,375.6 506.6 506.6 500.5 390.7 503.6 410.7
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 1 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings (169) (171) (263) (244) (163) 10 (149) (227) (227) (234) 122 184 289 122 84 79 109 (2,460) (2,357) (2,360) (2,013) (1,986) (2,438) 832 596 492 467 544.8 520.9 517.6 330.8 285.3 275.7 248.8 (176.4) (188.7) (214.9) (255.8) (360.5) (394.4) (426.7) (785.1) (802.4) (813.9) (761.1) (763.8) (358.2) (518.1) (536.2) (533.9) (553.8) (551.9) (548.0) (46.7) 73.0 105.5 125.8 165.0 108.4 92.2 93.5 97.9 (78.9) (65) (63.7) (59.5) (46.4) (41.6) (38.1) (32.3) (25) (24.8) (26.5) (18.9) (21.9) (20.9) 0 (20.1) (24.5) (19.6) (22.6) (20.4)
Accumulated Other Comprehensive Income 0 0 1 1 1 2 (2) 6 5 1 9 7 (2) 1 (2) (2) (2) (2) (4) (5) (2) (10) (11) (11) (2) (2) (1) (0.8) (0.8) (0.8) (1.4) (1.4) (1.4) (1.4) (0.8) (0.8) (0.8) (0.8) (0.8) (0.8) (0.8) (4.1) (4.1) (4.2) (3.4) (3.4) (2.3) (0.0) (0.3) (0.6) (1.1) (1.4) (1.7) (3.1) (6.0) (4.0) (3.7) (1.1) (0.8) (111.2) (98.3) (90) (82.2) (86.3) (78.2) (69.3) (54.5) (54.5) (51.8) (47.1) (12.8) (8.3) (4.2) (20.1) (27) (23.5) (21.5) (20.1) (16.2) (16.2) (16.2) (16.2)
Total Stockholders' Equity 467 443 347 361 436 583 415 340 333 285 646 702 890 748 706 706 765 (1,770) (1,613) (1,624) (1,279) (1,274) (1,737) 1,609 1,459 1,502 1,495 1,569.1 1,559.4 1,638.8 1,623.5 1,621.2 1,607.7 1,568.7 1,142.0 1,158.2 1,129.2 588.0 516.5 570.5 547.0 (179.2) (187.8) (211.9) (158.7) (161.8) 254.3 240.9 229.9 229.0 207.0 207.9 211.2 703.8 816.9 848.6 872.9 912.5 910.6 918.5 937.5 974.9 803.7 813.9 813.8 816 829.1 872.2 539.1 543.3 551.5 232.6 237.3 237.3 244.2 259.6 96.3 96.4 92 97 (17.7) (15.6)
Total Liabilities & Equity 5,776 5,949 5,567 5,670 5,779 5,885 5,785 5,686 6,038 6,085 6,083 6,201 6,436 6,704 6,605 6,449 6,662 12,541 12,845 12,780 13,132 13,382 12,483 16,769 17,360 17,370 17,779 6,553.7 6,634.2 6,572.1 6,627.4 6,581.5 6,663.4 6,784.5 6,687.1 6,289.5 6,317.3 5,963.2 5,866.2 5,779.7 5,747.2 1,539.8 1,576.6 1,597.7 1,606.1 1,626.3 2,219.4 2,493.9 2,513.9 2,564.6 2,557.3 2,574.1 2,606.8 3,223.1 3,398.6 3,331.1 3,353.4 3,400.6 3,482.3 3,543.1 3,531.5 3,619.5 3,985 3,859.2 3,797.4 3,854.6 3,847.8 2,817.5 2,374.8 2,034.2 1,880.8 1,762.5 1,709.9 1,707.3 1,709.7 1,639.2 605.3 605.3 594.9 490.1 488.3 397.5
Debt Metrics
Total Debt 4,514 4,519 4,243.1 4,251 4,339 4,281 4,288 4,308 4,319 4,348 4,341 4,388 4,427 4,442 4,448 4,457 4,583 12,580 12,742 12,752 12,764 12,783 12,704 12,651 13,559 12,693 12,714 4,004.9 4,099.9 3,892.5 3,902.3 3,908.2 4,030.0 4,048.7 4,055.6 4,068.1 4,084.0 4,203.8 4,206.3 4,178.8 4,187.1 1,297.3 1,338.1 1,363.3 1,317.8 1,332.8 1,354.3 1,698.1 1,716.3 1,732.5 1,763.3 1,558.5 1,552.0 1,586.9 1,654.6 1,744.1 1,650.8 1,616.4 1,783.9 1,905.3 1,854.0 1,991.6 2,869 2,526.7 2,318.7 2,527.2 2,526.9 1,786.8 1,632.6 1,280.7 939.1 1,175.9 1,116.6 1,288.2 1,289.6 1,246.4 415.7 418.1 401.8 331.2 440.2 346.3
Net Debt 3,670 3,653 3,717.1 3,635 3,708 3,584 3,752 3,930 3,664 3,686 3,698 3,660 3,804 3,558 3,841 4,037 4,062 11,764 11,684 11,788 11,823 11,524 12,072 12,029 12,217 11,360 11,315 3,075.9 3,124.5 2,832.1 2,879.3 2,893.5 3,219.7 3,367.3 3,453.4 3,272.0 3,268.3 3,943.9 4,101.8 4,075.0 4,045.6 1,254.5 1,247.9 1,340.1 1,304.7 1,321.6 1,343.8 1,690.7 1,700.0 1,703.7 1,747.0 1,508.8 1,546.6 1,542.9 1,647.6 1,742.7 1,647.2 1,612.3 1,761.8 1,901.2 1,845.4 1,975.2 2,860.6 2,517.1 2,312.8 2,523.9 2,419.5 1,466.7 1,625.7 1,141.4 928.8 1,173.2 1,079.9 1,285.9 1,287.9 1,242.2 409.3 305.6 296.8 327.7 433.8 343.9
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
Operating Activities
Net Income 20 169 1 (62) (101) 176 96 19 23 (341) (45) (87) 193 62 29 (6) 2,587 (41) 19 (328) 26 514 (3,367) 273 151 87 (48.2) 43.4 22.8 207.7 65 29.3 44.0 444.8 32.6 46.0 70.7 122.5 52.0 50.6 25.6 31.6 145.1 11.3 22.8 0.3 18.6 6.5 0.7 (1.3) (498.7) (21.4) (1.4) (43.0) (43.5) (29.9) (17.7) 59.1 18.8 1.2 (1.8) 179.3 (11.3) 1.3 (1.6) (10.5) (2.2) 10.2 (3.3) 1.4 (0.1) 1.8 (7.6) 2.9 (1) 1.7 (2.5) 4.2 0.3 2.7 (2.2)
Depreciation & Amortization 83 156 62 59 81 80 63 63 82 88 66 73 65 66 67 67 472 581 701 976 705 200 806 181 565 616 312.7 65.8 66.5 73.3 69.6 66.2 70.9 71.6 67.8 67.0 69.5 70.8 73.7 70.0 67.8 36.5 35.6 35.8 41.3 44.8 44.3 44.0 41.3 45.8 49.0 47.7 50.9 50.3 81.2 67.2 67.0 68.5 62.3 62.8 65.6 69.3 60.1 60 61.5 64.3 61.4 39.1 36.9 40.2 35 36.1 40.8 39.8 36.5 25.5 20 36.2 5.5 18.8 19.9
Stock-Based Compensation 0 9 9 11 22 6 8 10 27 3 6 13 23 4 8 9 0 8 0 10 33 13 10 12 17 7 6.4 8.8 10.8 5.7 7.1 6.8 7.0 3.0 1.5 3.9 7.6 3.5 3.5 3.6 6.3 0.5 0.4 0.2 0.5 0.1 0 0 0 0.1 0 0 0 0.2 0 0 0 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 (20) (23) (141) 58 39 (106) 14 (394) (101) 455 (70) 34 (40) 42 27 (8) (104) (27) (152) 4 (132) 263 (233) 279 (219) 84 148.0 (28.1) (47.9) (25.0) (95.2) 66.5 (28.6) (38.1) 4.0 (78.2) (59.0) 32.9 (57.4) (81.0) 0.2 (47.9) 10.4 (19.8) (43.2) (14.7) (22.8) (18.9) (41.5) 34.0 (45.2) (27.4) (63.6) 20.2 (36.2) (5.1) (45.9) (9.0) 33.4 (69.6) (64.9) 46.8 (12) (45.9) 5.1 (75.5) 16.5 (34.5) 13.6 (80.5) 23.9 (25) 3.6 (14.2) (19.5) (19.1) (2.8) (5.5) (2.2) (18.2) (1.5)
Other Non-Cash Items 116 (229) (10) 59 63 (4) 2 (9) (39) 8 54 67 28 20 15 110 (3,574) (489) (322) (378) (835) (337) 3,998 (399) (575) (418) (93.6) 32.2 45.4 45.5 66.4 43.7 24.0 (182.4) 36.2 37.1 (14.9) 32.3 39.4 34.2 35.1 (35.2) (199.8) (11.6) (20.2) (3.6) (14.4) (9.1) 5.8 (1.7) 549.8 25.4 15.7 33.0 28.2 18.8 9.6 (109.4) (55.4) 2.1 (1.0) 0.2 (0.3) 0.1 0.1 (1.7) 2 14.1 0.5 0.4 (38.4) 0.2 (0.1) 0.4 (0.7) 0.6 (0.2) (13.8) 21.6 (1.4) (1.7)
Operating Cash Flow 43 98 (36) 122 5 198 210 (306) (4) 92 1 80 62 341 251 137 70 92 247 194 (206) 709 505 373 (39) 422 271.3 123.0 99.7 274.5 116.2 155.8 100.9 152.7 136.9 71.8 69.6 261.5 120.6 75.6 134.0 2.0 25.0 22.9 15.7 26.9 34.9 32.2 7.6 74.0 29.1 46.6 7.7 66.2 14.1 44.5 24.4 21.6 67.3 1.5 (21.2) 18.3 39.4 26.7 45.8 11.8 71.2 25.1 42.4 31.2 23 14.1 28.3 56.1 7.3 (6.4) 12 18.2 20.6 1.9 12
Investing Activities
Capital Expenditure (15) (19) (22) (17) (16) (23) (17) (23) (21) (22) (30) (20) (20) (31) (29) (24) (21) (18) (24) (18) (20) (27) (33) (51) (46) (60) (34.4) (32.6) (29.0) (27.4) (25.4) (30.0) (22.2) (28.3) (22.0) (12.7) (20.8) (25.9) (18.8) (23.9) (25.9) (3.6) (5.1) (3.5) 0 (11.6) (15.0) (17.5) (24.3) (12.7) (43.4) (18.0) (13.0) (9.7) (6.1) (10.2) (5.9) (6.6) (11.6) (8.7) (6.4) (16.2) (113) (128.1) (10.8) 8.9 (1,315.6) (283) (487.7) (96.8) (4.9) (6.1) (2.2) (8.7) (1.8) 0 0 (0.2) (0.2) (0.9) (0.4)
Acquisitions (15) 21 0 0 (25) 0 0 0 0 1 0 0 0 0 0 (319) 4 (2) 4 0 (2) (9) 0 0 0 7 (9,006) 0 (25.7) (10.2) (7.6) (10.2) (7.8) (226.9) (243.1) (37.4) 181.1 (17.0) (15.1) (40.4) (404.5) (2.8) 0 0 0 0 0 0 0 (18) 21.2 (0.0) (0.0) (21.2) 0 0 0 (47.3) 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 (8) (17) (6) (12) (8) (9) (9) (29) (3) (28) (5) (6) (33) (8) (6) (56) (5) (12) (80) (115) (49) (54) (37) (23) (25) (25) (383.4) 0 0 0 0 0 0 (32.8) 0 0 0 0 0 0 (19.5) (0.6) 0.2 (0.5) (1.8) (2.0) (1.1) (0.4) 0 0 0 0 0 0 0 0 0 0 (4.2) 0 0 0 0 (0.2) (9.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 11 0 0 0 7 0 0 0 77 1 0 0 0 0 0 (70) 70 (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65.2 0 0 0 0 0 0 19.5 27.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 3 (14) 0 6 0 23 2 108 1 3 3 199 9 10 12 406 (314) 19 10 18 45 29 43 26 48 25 (8,977.7) (1.7) 7.6 5.9 3.9 3.8 9.0 186.0 2.5 (3.6) (5.1) (5.6) 4.9 (9.5) (24.3) 0.0 281.6 0.0 (14.1) 1.7 0.1 (0.1) (2.9) (1.2) (20.0) 125.3 (4.0) 35.6 (2.1) (0.1) (0.4) 214.6 120.0 (35.8) (4.2) 670.4 26.1 33.2 0.7 (10.1) 152.4 158.9 (36.5) 71.8 (76.7) (92.4) (11.7) (8.2) (51.1) (840) (102.1) (9.2) (0.1) (6.5) (101.7)
Investing Cash Flow (24) (27) (28) (23) (42) (9) (24) 56 54 (45) (32) 173 (44) (29) (23) (63) (266) (15) (90) (115) (26) (61) (27) (48) (23) (53) (9,395.6) (34.3) (47.2) (31.7) (29.1) (36.5) (20.9) (36.9) (262.5) (53.8) 155.2 (48.5) (29.1) (73.8) (454.6) 20.4 276.6 (4.0) (15.9) (11.9) (16.0) (18.0) (27.2) (31.9) (42.2) 107.2 (16.9) 4.7 (8.2) (10.3) (6.3) 160.7 104.1 (44.4) (10.6) 654.2 (86.9) (95.1) (19.2) (1.2) (1,163.2) (124.1) (524.2) (25) (81.6) (98.5) (13.9) (16.9) (52.9) (840) (102.1) (9.4) (0.3) (7.4) (102.1)
Financing Activities
Net Debt Issuance (9) 294 (6) (83) 99 (9) (9) (9) (34) (9) (38) (29) (9) (9) (9) (838) (7) (201) (15) (8) (20) 78 57 (908) 853 (18) 8,846 (98) (11.1) (12) (10.9) (125.1) (16.9) (17.4) (14.9) (16.7) (121.3) (3.7) 29.3 (9.6) 337.6 (2.6) (309.6) (3.5) 1.3 (26.0) (201.5) (15.3) 195.2 6.4 (41.7) (111.6) 11.4 (91.1) 26.3 (26.3) 1.6 (170.2) (121.5) 52.0 61.6 (656.3) 45.8 74.6 (21.3) 0.3 789.6 89.9 351.7 426.2 (251.9) 54.5 (171.6) (1.5) 63 714.1 94.2 320 (239) (109.1) 94
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 (100) (53) (6) (10) (36) (68) (61) 0 0 0 0 (82) (85) (176) (20) 0 (20) (105.0) (175.0) (46) 0 0 0 (30.3) 0 0 (35.1) (89.9) (11.2) 0 0 0 0 0 0 0 200 (200.4) (1.1) 0 0 0 0 (0.0) 0 0 (24.1) (37.2) (10.9) (35.1) 0 0 0 (2.6) 0 (26.2) 0 0 0 0 (3.2) (1.4) 0 0 0 0 0 0 0 0
Dividends Paid (18) (17) (18) (17) (17) (17) (16) (17) (16) (15) (16) (16) (18) (19) (19) (20) (19) (15) (16) (15) (19) (18) (22) (41) (18) (41) (28.2) (18.4) (18.4) (19.4) (18.4) (18.4) (18.4) (18.3) (18.3) (18.5) (16.3) (16.2) (16.9) (17.1) (15.7) (6.4) (6.8) (4.6) (2.6) (2.6) (2.6) (2.6) (2.6) (2.6) (2.6) (2.6) (2.6) (2.6) (2.6) (2.6) (2.6) 0 0 (2.6) (2.6) (2.6) (2.6) 0 0 (2.6) (2.6) (2.6) (2.6) 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (14) (8) (2) (14) (111) (2) (3) (1) (7) (4) 0 (3) (9) (1) (3) 719 (8) (42) (33) (33) (46) (79) (71) (11) (390) (59) (218) 1.0 (3.1) (0.6) (3.7) 2.2 (2.3) (0.9) (4.7) (2.5) (19.4) (2.5) (13.2) (1.6) (9.8) 0 (1.9) (2.1) (0.8) 0.1 200.0 (199.8) (6.4) (0.5) 18.3 (3.3) (0.5) (3.2) (4.5) (0.1) (15.1) (5.9) 5.2 0 0 (0.5) 3.1 (2.6) 0 (12.4) 18.8 (10.6) (0.3) (302.3) (0.9) 193.3 (1.3) (37) (19.9) (0.7) (0.2) (321.3) 320.3 111.7 0
Financing Cash Flow (41) 269 (26) (114) (29) (28) (28) (27) (57) (28) (54) (148) (279) (35) (41) (175) (102) (319) (64) (56) (85) (19) (467) (1,045) 71 (435) 9,594.5 (135.0) (137.5) (206.9) (78.9) (141.4) (37.6) (36.7) (68.3) (37.7) 330.9 (57.6) (90.7) (39.6) 312.2 (9.0) (318.3) (8.1) (8.8) (27.3) (3.1) (17.6) (13.9) 2.2 (25.6) (117.0) 9.0 (95.6) 19.2 (28.6) (20.4) (200.2) (153.5) 38.5 24.0 (664.4) 46.3 72 (23.9) (14.8) 779.3 412.3 349.3 122.8 66.3 50.4 19.9 (38.5) 43 734.3 94 (1.3) 81.2 2.6 94
Cash Position
Net Change in Cash (22) 340 (90) (15) (66) 161 158 (277) (7) 19 (85) 105 (261) 277 187 (101) (295) (242) 94 23 (317) 629 11 (720) 9 (66) 470.0 (46.3) (85.0) 35.8 8.3 (22.1) 42.4 79.1 (193.9) (19.7) 555.7 155.4 0.8 (37.8) (8.4) 13.5 (16.7) 10.8 (9.0) (12.4) 15.8 (3.3) (33.5) 44.4 (38.7) 36.9 (0.2) (24.7) 25.1 5.6 (2.3) (18.0) 17.9 (4.4) (7.8) 8 (1.2) 3.7 2.6 (104.2) (212.7) 313.3 (132.5) 129 7.7 (34) 34.3 0.7 (2.6) (112.1) 3.9 7.5 101.5 (2.9) 3.9
Cash at Beginning 866 526 616 631 697 536 378 655 662 643 728 623 884 607 420 521 816 1,061 964 945 1,262 633 622 1,342 1,333 1,399 929.0 975.3 1,060.3 1,024.5 1,016.2 1,038.3 995.9 602.2 796.0 815.7 260.0 104.5 103.7 141.5 150.0 4.6 21.3 10.5 16.4 28.7 12.9 16.2 49.7 5.3 44.1 7.2 7.4 32.1 7.0 1.4 3.7 22.1 4.1 8.6 16.4 8.4 9.6 5.9 3.3 107.4 320.1 6.8 139.3 10.3 0 0 2.3 0 0 0 2.4 0 0 0 2.4
Cash at End 844 866 526 616 631 697 536 378 655 662 643 728 623 884 607 420 521 819 1,058 968 945 1,262 633 622 1,342 1,333 1,399 929.0 975.3 1,060.3 1,024.5 1,016.2 1,038.3 681.3 602.2 796.0 815.7 260.0 104.5 103.7 141.5 18.1 4.6 21.3 7.4 16.4 28.7 12.9 16.2 49.7 5.3 44.1 7.2 7.4 32.1 7.0 1.4 4.1 22.1 4.1 8.6 16.4 8.4 9.6 5.9 3.2 107.4 320.1 6.8 139.3 7.7 (34) 36.6 0.7 (2.6) (112.1) 6.3 7.5 101.5 (2.9) 6.3
Free Cash Flow 28 79 (58) 105 (11) 175 193 (329) (25) 70 (29) 60 42 310 222 113 49 74 223 176 (226) 682 472 322 (85) 362 236.9 90.4 70.7 247.1 90.9 125.7 78.7 124.3 115.0 59.1 48.9 235.6 101.8 51.7 108.2 (1.5) 19.9 19.4 15.7 15.3 19.8 14.8 (16.7) 61.3 (14.3) 28.6 (5.2) 56.4 8.0 34.2 18.5 14.9 55.7 (7.2) (27.6) 2.1 (73.6) (101.4) 35 20.7 (1,244.4) (257.9) (445.3) (65.6) 18.1 8 26.1 47.4 5.5 (6.4) 12 18 20.4 1 11.6
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 807 836 773 784 776 1,004 917 829 798 826 767 768 773 960 843 837 1,288 1,476 1,535 1,612 1,511 1,512 1,539 1,283 1,609 1,622 1,125 770.7 722.1 893.3 766.3 730.1 665.4 734.0 670.9 679.3 649.9 797.7 693.8 666.5 578.9 611.8 548.4 554.2 504.8 613.8 495.0 455.1 412.6 427.7 338.6 314.2 282.6 329.5 260.5 253.6 223.8 213.2 180.9 186.6 179.5 225.6 186.5 185.6 169.6 183.3 160.1 158.3 154.7 196.0 178.2 193.6 186.7 198.1 176.7 180.7 166.9 198.1 168.5 185.1 163.5 178.8 165.8 183.6 164.7 149.3 181.5 201.0 176.5 192.9 195.8 203.3 191.6 184.6 192.6 165.6 218.2 187.2 207.6 175.8
Gross Profit 297 339 360 364 358 537 503 404 296 377 367 327 341 544 413 403 492 534 480 231 448 1,020 425 858 728 706 565 435.6 403.1 595.5 462.5 429.3 376.8 426.3 361.3 368.0 351.3 486.7 403.3 373.9 322.4 368.1 321.1 330.0 300.5 399.3 305.0 276.9 251.8 269.0 208.9 198.3 176.3 220.3 198.5 190.2 135.1 130.3 114.2 119.4 114.9 139.9 116.2 108.3 113.7 178.2 103.3 79.3 76.6 184.8 92.6 139.1 99.7 129.1 116.4 123.0 114.2 137.4 117.5 127.8 110.5 119.8 115.4 144.8 121.6 104.7 126.4 140.9 121.1 208.1 139.6 166.7 154.7 149.2 155.4 127.3 215.1 140.4 156.5 129.4
Operating Income 34 80 58 21 14 266 179 64 42 (386) 37 (3) 21 253 154 107 3,466 165 73 (178) 35 625 (4,216) 492 327 277 (6) 106.0 93.6 263.0 157.8 131.6 107.3 357.6 103.4 118.8 157.6 233.4 154.0 129.1 86.3 124.2 99.6 114.3 84.5 208.9 101.7 103.0 81 103.3 72.8 84.3 63.7 119.1 78.6 72.0 59.9 63.9 52.2 57.6 50.5 81.3 56.1 56.7 46.2 (66.1) 35.7 25.8 (106.7) (415.4) 37.4 43.3 46.2 47.0 32.9 41.9 37.3 38.6 38.1 47.2 35.4 44.2 40.3 52.3 32.5 34.7 39.1 53.1 30.4 45.8 55.5 63.8 49.0 0.5 24.2 6.5 45.5 37.5 49.4 23.2
Net Income 20 109 (1) (64) (156) 176 94 17 23 (341) (46) (89) 185 55 21 (11) 2,587 (89) 19 (332) (12) 467 (3,256) 252 123 43 (60) 42.3 21.7 206.2 63.9 28.0 43.1 443.5 30.6 44.6 57.2 120.9 50.8 49.4 24.1 58.2 43.3 45.8 24.3 95.4 48.3 41.3 27.2 2.3 36.3 17.8 17.0 59.0 26.2 30.1 29.4 22.7 19.2 18.6 15.3 33.1 14.3 17.3 11.5 (67.8) 14.9 2.8 (85.7) (282.8) 11.7 13.3 16.4 33.4 9.9 2.2 (2.4) 59.8 22.6 10.3 11.2 (0.7) 31.6 145.1 11.3 (2.6) 3.5 22.8 0.3 18.6 0.7 (498.7) (1.4) (43.5) (17.7) (36.6) 59.1 18.8 1.2 (1.8)
EPS (Diluted) 0.28 1.55 -0.01 -0.92 -2.30 2.62 1.41 0.26 0.36 -5.37 -0.73 -1.39 2.65 0.79 0.41 -0.08 35.84 -1.19 0.25 -4.41 -0.16 6.27 -42.91 3.12 1.35 0.47 -0.65 0.45 0.23 2.10 0.62 0.27 0.42 4.32 0.30 0.43 0.61 1.32 0.54 0.52 0.25 0.61 0.45 0.48 0.25 0.98 0.49 0.42 0.27 0.02 0.36 0.19 0.21 0.73 0.32 0.37 0.36 0.28 0.24 0.23 0.19 0.41 0.18 0.21 0.14 -0.85 0.19 0.04 -1.06 -3.50 0.12 0.13 0.17 0.13 0.11 0.03 -0.03 0.09 0.25 0.12 0.11 -0.01 0.36 1.74 0.10 -0.03 0.01 0.22 -0.03 0.22 -0.02 -5.83 -0.02 -0.51 -0.21 -0.43 -0.13 0.18 -0.01 -0.02
Balance Sheet
Cash & Equivalents 844 866 526 616 631 697 536 378 655 662 643 728 623 884 607 420 521 816 1,058 964 941 1,259 632 622 1,342 1,333 1,399 929.0 975.3 1,060.3 1,023.0 1,014.7 810.2 681.3 602.2 796.0 815.7 260.0 104.5 103.7 141.5 42.8 90.2 23.2 13.1 11.2 10.4 7.4 16.4 28.7 16.2 49.7 5.3 44.1 7.0 1.4 3.7 4.1 22.1 4.1 8.6 16.4 8.4 9.6 5.9 3.3 107.4 320.1 6.9 139.3 10.3 2.7 36.7 2.3 1.7 4.2 6.4 112.5 105 3.5 6.4 2.4
Total Assets 5,776 5,949 5,567 5,670 5,779 5,885 5,785 5,686 6,038 6,085 6,083 6,201 6,436 6,704 6,605 6,449 6,662 12,541 12,845 12,780 13,132 13,382 12,483 16,769 17,360 17,370 17,779 6,553.7 6,634.2 6,572.1 6,627.4 6,581.5 6,663.4 6,784.5 6,687.1 6,289.5 6,317.3 5,963.2 5,866.2 5,779.7 5,747.2 1,539.8 1,576.6 1,597.7 1,606.1 1,626.3 2,219.4 2,493.9 2,513.9 2,564.6 2,557.3 2,574.1 2,606.8 3,223.1 3,398.6 3,331.1 3,353.4 3,400.6 3,482.3 3,543.1 3,531.5 3,619.5 3,985 3,859.2 3,797.4 3,854.6 3,847.8 2,817.5 2,374.8 2,034.2 1,880.8 1,762.5 1,709.9 1,707.3 1,709.7 1,639.2 605.3 605.3 594.9 490.1 488.3 397.5
Total Debt 4,514 4,519 4,243.1 4,251 4,339 4,281 4,288 4,308 4,319 4,348 4,341 4,388 4,427 4,442 4,448 4,457 4,583 12,580 12,742 12,752 12,764 12,783 12,704 12,651 13,559 12,693 12,714 4,004.9 4,099.9 3,892.5 3,902.3 3,908.2 4,030.0 4,048.7 4,055.6 4,068.1 4,084.0 4,203.8 4,206.3 4,178.8 4,187.1 1,297.3 1,338.1 1,363.3 1,317.8 1,332.8 1,354.3 1,698.1 1,716.3 1,732.5 1,763.3 1,558.5 1,552.0 1,586.9 1,654.6 1,744.1 1,650.8 1,616.4 1,783.9 1,905.3 1,854.0 1,991.6 2,869 2,526.7 2,318.7 2,527.2 2,526.9 1,786.8 1,632.6 1,280.7 939.1 1,175.9 1,116.6 1,288.2 1,289.6 1,246.4 415.7 418.1 401.8 331.2 440.2 346.3
Stockholders' Equity 467 443 347 361 436 583 415 340 333 285 646 702 890 748 706 706 765 (1,770) (1,613) (1,624) (1,279) (1,274) (1,737) 1,609 1,459 1,502 1,495 1,569.1 1,559.4 1,638.8 1,623.5 1,621.2 1,607.7 1,568.7 1,142.0 1,158.2 1,129.2 588.0 516.5 570.5 547.0 (179.2) (187.8) (211.9) (158.7) (161.8) 254.3 240.9 229.9 229.0 207.0 207.9 211.2 703.8 816.9 848.6 872.9 912.5 910.6 918.5 937.5 974.9 803.7 813.9 813.8 816 829.1 872.2 539.1 543.3 551.5 232.6 237.3 237.3 244.2 259.6 96.3 96.4 92 97 (17.7) (15.6)
Cash Flow
Operating Cash Flow 43 98 (36) 122 5 198 210 (306) (4) 92 1 80 62 341 251 137 70 92 247 194 (206) 709 505 373 (39) 422 271.3 123.0 99.7 274.5 116.2 155.8 100.9 152.7 136.9 71.8 69.6 261.5 120.6 75.6 134.0 2.0 25.0 22.9 15.7 26.9 34.9 32.2 7.6 74.0 29.1 46.6 7.7 66.2 14.1 44.5 24.4 21.6 67.3 1.5 (21.2) 18.3 39.4 26.7 45.8 11.8 71.2 25.1 42.4 31.2 23 14.1 28.3 56.1 7.3 (6.4) 12 18.2 20.6 1.9 12
Capital Expenditure (15) (19) (22) (17) (16) (23) (17) (23) (21) (22) (30) (20) (20) (31) (29) (24) (21) (18) (24) (18) (20) (27) (33) (51) (46) (60) (34.4) (32.6) (29.0) (27.4) (25.4) (30.0) (22.2) (28.3) (22.0) (12.7) (20.8) (25.9) (18.8) (23.9) (25.9) (3.6) (5.1) (3.5) 0 (11.6) (15.0) (17.5) (24.3) (12.7) (43.4) (18.0) (13.0) (9.7) (6.1) (10.2) (5.9) (6.6) (11.6) (8.7) (6.4) (16.2) (113) (128.1) (10.8) 8.9 (1,315.6) (283) (487.7) (96.8) (4.9) (6.1) (2.2) (8.7) (1.8) 0 0 (0.2) (0.2) (0.9) (0.4)
Free Cash Flow 28 79 (58) 105 (11) 175 193 (329) (25) 70 (29) 60 42 310 222 113 49 74 223 176 (226) 682 472 322 (85) 362 236.9 90.4 70.7 247.1 90.9 125.7 78.7 124.3 115.0 59.1 48.9 235.6 101.8 51.7 108.2 (1.5) 19.9 19.4 15.7 15.3 19.8 14.8 (16.7) 61.3 (14.3) 28.6 (5.2) 56.4 8.0 34.2 18.5 14.9 55.7 (7.2) (27.6) 2.1 (73.6) (101.4) 35 20.7 (1,244.4) (257.9) (445.3) (65.6) 18.1 8 26.1 47.4 5.5 (6.4) 12 18 20.4 1 11.6