Stifel Financial Corp. logo SF - Stifel Financial Corp.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $93.44 DETAILS
HIGH: $99.33
LOW: $89.00
MEDIAN: $92.00
CONSENSUS: $93.44
UPSIDE: 28.72%
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 6,297.8 5,888.9 5,100.9 4,535.1 4,723.4 3,761.9 3,470.9 3,153.0 2,952.3 2,598.1 2,334.5 2,213.1 1,982.6 1,597.9 1,392.9 1,368.9 1,102.9 888.8 793.1 332.9 270.0 251.2 221.6 194.1 189.6 198.1 151.2 137.4 136.1 109.8 95.4 93.9 113.5
Cost of Revenue 846.5 1,006.8 835.3 234.9 34.5 99.7 187.9 188.4 70.0 66.9 45.4 41.3 46.4 33.4 25.3 13.2 12.2 18.5 30.0 105.9 6.3 4.4 5.1 6.3 11.7 20.6 10.1 9.8 13 8.2 8.3 6.1 4.8
Gross Profit 5,451.3 4,882.1 4,265.6 4,300.2 4,688.9 3,662.2 3,283.0 2,964.5 2,882.3 2,531.2 2,289.1 2,171.9 1,936.2 1,564.5 1,367.6 1,355.7 1,090.6 870.3 763.1 226.9 263.7 246.8 216.5 187.8 177.9 177.5 141.1 127.6 123.1 101.6 87.1 87.8 108.7
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 3,272.1 2,916.2 2,554.6 2,586.2 2,820.3 2,279.3 1,978.1 1,770.8 1,958.9 1,726.0 1,568.9 1,403.9 1,311.4 1,010.1 887.2 1,056.2 796.3 641.7 543.0 329.7 174.8 157.3 141.0 126.7 120.9 117.2 92.8 87 82.1 66.8 59.2 63.6 71.6
Other Expenses 1,308.0 1,037.4 1,004.3 828.8 801.5 731.7 705.8 659.4 653.8 662.6 578.6 477.1 439.6 324.6 342.3 299.8 173.9 136.9 166.2 (129.1) 56.2 52.9 50.5 56.3 53.6 45.6 37.3 32.1 31.4 29.2 26.6 33.4 25.9
Operating Expenses 4,580.2 3,953.7 3,558.9 3,415.1 3,621.8 3,011.0 2,683.9 2,430.2 2,612.8 2,388.6 2,147.5 1,881.1 1,751.0 1,334.8 1,229.5 1,356.0 970.2 778.6 709.2 200.6 231.0 210.2 191.5 183 174.5 162.8 130.1 119.1 113.5 96 85.8 97 97.5
Operating Income
Operating Income 871.1 928.4 706.7 885.1 1,067.1 651.2 599.1 534.4 269.5 142.6 141.6 290.8 185.2 229.7 138.1 (0.2) 120.4 91.8 53.8 26.4 32.7 36.6 25.1 4.8 3.4 14.7 11 8.5 9.6 5.6 1.3 (9.2) 11.2
Interest Expense 817.8 981.4 810.3 201.4 46.0 65.8 177.9 170.1 70.0 66.9 45.4 41.3 46.4 33.4 25.3 13.2 12.2 18.5 30.0 105.9 6.3 4.4 5.1 6.3 11.7 20.6 10.1 9.8 13 8.2 8.3 6.1 4.8
Interest Income 1,903.6 2,016.5 1,955.7 1,099.1 548.4 523.8 724.9 646.4 454.4 294.3 179.1 186.0 142.5 108.7 89.2 65.3 46.9 50.1 59.1 86.4 18.0 13.1 12.2 14.5 21.9 35.5 20.5 18.9 21.4 13.8 0 0 0
Profitability
EBITDA 933.5 1,014.4 788.2 955.3 1,130.8 711.6 653.5 574.8 314.2 200.2 188.7 332.4 231.3 264.7 171.7 29.1 146.4 108.8 86.1 33.6 45.6 53.3 40.7 17.0 14.9 22.8 16.7 12.9 12.5 8.5 4.4 (6.5) 13.4
EBIT 871.1 928.4 706.7 885.1 1,067.1 651.2 599.1 534.4 269.5 142.6 141.6 290.8 185.2 229.7 138.1 (0.2) 120.4 91.8 53.8 26.4 32.7 36.6 25.1 4.8 3.4 14.7 11 8.5 9.6 5.6 1.3 (9.2) 11.2
Income Before Tax 871.1 928.4 706.7 885.1 1,067.1 651.2 599.1 534.4 269.5 142.6 141.6 290.8 185.2 229.7 138.1 (0.2) 120.4 91.8 53.8 26.4 32.7 36.6 25.1 4.8 3.4 14.7 11 8.5 9.6 5.6 1.3 (9.2) 11.2
Income Tax Expense 187.4 197.1 184.2 223.0 242.2 147.7 149.2 140.4 86.7 61.1 49.2 111.7 12.3 84.5 53.9 (2.1) 44.6 36.3 21.7 10.9 13.1 13.5 10.1 2.0 1.4 5.5 3.8 3.3 3.8 2.2 0.7 (3.7) 4.2
Net Income 683.8 731.4 522.5 662.2 824.9 503.5 448.4 394.0 182.9 81.5 92.3 176.1 162.0 138.6 84.1 1.9 75.8 55.5 32.2 15.4 19.6 23.1 15.0 2.8 2.0 9.2 7.2 5.2 5.8 3.4 0.6 (5.5) 7
Per Share Data
EPS (Basic) 6.27 6.67 4.55 5.74 7.34 4.49 3.99 3.57 1.69 0.77 0.90 1.77 1.70 1.73 1.07 0.03 1.19 1.03 0.66 0.40 0.59 0.71 0.48 0.09 0.06 0.29 0.24 0.17 0.22 0.15 0.03 -0.22 0.32
EPS (Diluted) 5.88 6.25 4.28 5.32 6.66 4.16 3.66 3.15 1.43 0.67 0.79 1.54 1.47 1.47 0.89 0.02 1.04 0.88 0.56 0.33 0.46 0.56 0.41 0.08 0.06 0.27 0.23 0.16 0.19 0.13 0.03 -0.22 0.27
Shares Outstanding 102.8 104.1 106.7 108.8 107.5 106.2 108.0 107.7 102.8 100.3 102.8 99.7 95.4 80.3 78.6 73.1 63.7 54.2 48.9 38.9 33.2 32.7 31.2 31.3 32.3 31.7 30.0 30.4 25.9 23.2 23.4 24.5 21.7
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 2,282.8 2,918.1 3,577.2 2,200.0 1,963.3 2,279.3 1,142.6 1,936.6 696.3 912.9 161.8 239.7 21.1 12.2 13.9 16.5 14.6 16.9 12.8 15.4 8 6.3 6.9 7
Short-Term Investments 0 78.1 104.1 1,636.0 2,113.9 2,230.3 3,254.7 3,070.4 3,773.5 3,181.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,709.8 1,099.1 1,020.5 1,342.5 1,727.1 1,486.0 1,979.6 1,717.1 1,843.2 2,440.7 692.8 391.7 38.4 35.0 33.0 49.8 48.1 49.9 30.4 39.4 18.2 173.6 163.2 130.7
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 3,992.6 4,095.3 4,701.8 5,178.5 5,804.4 5,995.6 6,376.9 6,724.1 6,313.0 6,534.9 854.7 631.4 59.6 47.2 46.9 66.3 62.7 66.8 43.2 54.8 26.2 179.9 170.1 137.7
Non-Current Assets
Property, Plant & Equipment 985.6 1,002.3 969.7 976.0 918.9 961.1 1,107.9 372.9 155.1 172.8 62.1 47.8 9.1 8.3 7.3 10.5 9.7 7.6 5.3 2.2 2.2 3 4.8 4.5
Goodwill 1,463.9 1,395.2 1,388.2 1,326.5 1,306.9 1,182.0 1,194.1 1,034.7 968.8 962.3 166.7 128.3 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 108.0 113.6 133.3 130.6 148.2 141.0 161.8 119.7 109.6 116.3 24.6 16.0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 32,957.5 31,283.7 28,779.3 28,097.7 24,112.9 17,080.3 14,448.2 14,685.9 12,505.1 10,313.1 1,306.9 454.2 79.3 73.7 81.5 78.3 57.2 28.7 38.6 19.2 18.9 19.5 23.3 38
Other Non-Current Assets 1,612.1 1,853.0 1,633.6 1,327.6 1,647.2 1,107.9 1,217.0 1,470.4 1,227.1 804.4 698.9 233.2 230.7 279.6 284.0 281.7 323.4 348.4 244 235.1 249.2 20.4 19.7 14.8
Total Non-Current Assets 37,595.5 35,800.2 33,025.7 32,017.6 28,245.4 20,608.7 18,233.3 17,795.5 15,071.0 12,594.4 2,312.7 926.7 322.7 365.0 376.1 374.3 395.6 386.3 291.8 260.7 274.8 46.9 52.1 58.8
Total Assets 41,588.1 39,895.5 37,727.5 37,196.1 34,049.7 26,604.3 24,610.2 24,519.6 21,384.0 19,129.4 3,167.4 1,558.1 382.3 412.2 423.0 440.6 458.3 453.1 335 315.5 301 226.8 222.2 196.5
Current Liabilities
Account Payables 0 1,215.2 1,251.3 2,129.6 2,363.8 2,411.6 2,599.6 1,613.8 1,413.4 1,765.7 372.3 235.6 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 762.2 1,226.4 915.4 666.8 1,141.7 628.9 1,054.5 1,482.7 1,012.6 967.6 213.3 2.2 34.3 11.7 47.3 69.4 92.6 125 63.9 93.5 135.6 86.5 65.7 39.7
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
Other Current Liabilities 0 29,281.2 27,470.3 27,117.1 23,280.3 17,396.5 15,332.6 15,863.6 13,411.9 11,527.5 1,047.2 284.8 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 762.2 31,722.8 29,636.9 29,913.5 26,785.9 20,437.0 18,986.7 18,960.1 15,837.9 14,260.8 1,912.6 753.2 34.3 11.7 47.3 69.4 92.6 125 63.9 93.5 135.6 86.5 65.7 39.7
Non-Current Liabilities
Long-Term Debt 672.4 676.6 1,175.6 1,174.6 1,173.5 1,172.4 1,327.0 1,796.6 2,083.4 1,740.4 92.6 88.5 34.5 0 0 10 10 35 20.6 9.6 10 10.8 11.6 10
Deferred Tax Liabilities 317.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 33,086.9 942.0 794.9 779.6 1,055.4 756.0 626.8 565.2 601.0 389.8 288.8 123.3 182.2 300.3 295.2 281.3 279.8 232.9 194.7 161.8 117 93.9 109.7 106.9
Total Non-Current Liabilities 34,848.6 2,486.0 2,796.1 1,954.1 2,228.9 1,928.4 1,953.8 2,361.9 2,684.5 2,130.2 381.3 211.8 216.7 300.5 295.7 292.6 291.5 269 216.1 171.9 127.6 105.5 122.3 117.8
Total Liabilities 35,610.8 34,208.8 32,433.0 31,867.7 29,014.8 22,365.5 20,940.4 21,322.0 18,522.4 16,390.9 2,293.9 965.0 251.0 312.2 343.0 361.9 384.1 394 280 265.4 263.2 192 188 157.5
Stockholders' Equity
Common Stock 16.7 16.7 16.7 16.7 16.7 16.7 16.7 11.2 10.7 10.4 4.6 3.9 1.2 1.2 1.2 1.2 1.1 1.1 1.1 0 0 0 0 0
Retained Earnings 4,163.4 3,794.6 3,398.6 3,169.1 2,757.2 2,078.1 1,715.7 1,366.5 1,033.5 877.0 244.6 169.0 73.5 51.2 36.2 33.9 32.8 24.5 18.3 17.4 16.7 15.8 17 22.5
Accumulated Other Comprehensive Income (17.8) (75.6) (74.3) (118.0) 4.7 27.6 (11.7) (72.5) (26.7) (39.0) 1.3 (6.3) (1.8) (2.0) (2.2) (2.4) (2.8) (3.2) (4.1) 0 0 0 0 0
Total Stockholders' Equity 5,977.3 5,686.8 5,294.4 5,328.5 5,035.0 4,238.8 3,614.8 3,167.6 2,861.6 2,738.4 873.4 593.2 131.3 100.0 80.0 78.6 74.2 59.1 55 50.1 37.8 34.8 34.2 39
Total Liabilities & Equity 41,588.1 39,895.5 37,727.5 37,196.1 34,049.7 26,604.3 24,610.2 24,519.6 21,384.0 19,129.4 3,167.4 1,558.1 382.3 412.2 423.0 440.6 458.3 453.1 335 315.5 301 226.8 222.2 196.5
Debt Metrics
Total Debt 2,179.6 2,770.5 2,916.5 1,841.4 2,315.2 1,801.3 2,381.5 3,279.3 3,096.0 2,708.0 305.9 90.7 68.8 11.9 47.8 80.6 104.4 161.1 85.3 103.6 146.2 98.1 78.3 50.6
Net Debt (103.2) (147.7) (660.6) (358.6) 351.8 (477.9) 1,238.9 1,342.8 2,399.7 1,795.0 144.1 (149.0) 47.7 (0.4) 33.9 64.1 89.8 144.2 72.5 88.2 138.2 91.8 71.4 43.6
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 683.8 731.4 522.5 662.2 824.9 503.5 450.0 394.0 182.9 81.5 19.6 23.1 15.0 2.8 2.0 9.2 7.2 5.2 5.8 3.4 0.6 (5.5) 7
Depreciation & Amortization 68.1 86.0 81.5 70.2 63.8 60.5 54.4 40.5 44.6 57.6 12.9 16.7 15.6 12.2 11.6 8.1 5.7 4.4 2.9 2.9 3.1 2.7 2.2
Stock-Based Compensation 164.0 153.8 140.3 135.5 119.4 108.2 102.2 100.8 140.5 186.3 8.8 4.0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 192.4 (611.2) (322.4) 61.5 (633.8) 986.0 0 (166.3) 65.8 (726.7) (246.5) 58.7 (61.3) (14.2) 17.7 24.4 (71.5) 18.3 40.9 (52.2) (27.7) 9.7 14.2
Other Non-Cash Items 176.5 161.1 61.5 215.4 465.8 42.7 27.2 146.3 128.0 (86.2) (0.5) (6.0) 0.5 1.4 0.9 3.2 (1) 0.6 0.5 1.6 2.8 68.5 3.3
Operating Cash Flow 1,263.7 490.4 499.3 1,157.4 872.1 1,661.8 626.9 529.5 679.9 (441.4) (205.6) 96.5 (30.2) 2.2 32.2 44.9 (59.6) 29.9 49.2 (44.1) (21.2) 75.4 26.7
Investing Activities
Capital Expenditure (62.1) (73.8) (52.0) (82.3) (188.2) (73.4) (157.9) (108.2) (28.2) (28.2) (4.8) 0 0 (3.2) (4.5) (4.2) (4) (4) (1) (0.4) (1.2) (2) (1.6)
Acquisitions 0 (8.5) (112.0) (11.9) (144.5) 36.7 (193.1) (8.4) (7.2) (72.4) 0 0 0 0 0 2.9 0 0 0 0 0 0 0
Purchases of Investments (35.2) (3,149.2) (48.9) (873.2) (3,505.2) (1,270.2) (520.9) (1,911.6) (2,621.4) (3,408.4) (15.4) (7.6) (7.7) (0.0) (2.5) (7.7) (6.5) (11.8) (3.2) (1.8) (0.4) 0 (1)
Sales/Maturities of Investments 0 2,469.1 255.2 465.5 2,333.3 1,058.8 1,721.4 2,096.8 1,384.4 695.6 14.6 3.6 2.7 0.9 0.1 0.5 4.8 0.1 0.1 3.8 1.7 0.1 1.1
Other Investing Activities (1,725.4) (1,547.8) 1,002.3 (3,822.7) (5,460.9) (1,441.3) (1,199.9) (1,057.8) (1,375.0) (2,462.4) (21.3) 0 0 0 0 0 0 0.1 0.2 (0.1) 0.9 0 0
Investing Cash Flow (1,760.6) (2,310.2) 1,044.6 (4,324.5) (6,965.5) (1,689.3) (350.3) (989.2) (2,647.4) (5,254.5) (26.8) (4.0) (5.0) (2.3) (6.9) (8.4) (5.7) (15.6) (3.9) 1.5 1 (1.9) (1.5)
Financing Activities
Net Debt Issuance 707.2 (500) 490.7 3,582.1 6,023.5 (156.0) (352.8) (431.5) 341.9 691.5 175.3 (6.5) (38.9) (34.2) (23.5) (36.4) 73.8 (15.9) (34.1) 44.7 19.7 (71.9) (23)
Stock Repurchased (245.0) (144.1) (443.9) (105.8) (172.7) (58.3) (215.4) (170.2) (13.0) (113.5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (243.5) (227.3) (200.3) (171.0) (101.9) (73.8) (59.3) (44.0) (23.1) (3.9) 0 0 0 (0.5) (0.9) (0.9) (0.9) (0.8) (0.6) (0.6) (0.5) (0.4) (0.6)
Other Financing Activities (127.4) 1,851.5 (101.1) (113.9) (95.4) 1,268.9 (604.4) 2,393.4 1,454.6 4,937.4 61.0 (82.9) 71.9 36.9 0 (1.5) 0 0.1 0.1 0 0 0 0.1
Financing Cash Flow 91.2 980.1 (254.6) 3,191.4 5,794.4 1,198.9 (1,076.9) 1,747.7 1,760.5 5,656.6 223.8 (83.6) 33.6 (2.3) (23.6) (38.7) 69.3 (16.8) (37.8) 44.2 19.6 (73) (23.3)
Cash Position
Net Change in Cash (395.4) (845.6) 1,294.8 79.3 (302.5) 1,178.2 (795.4) 1,282.3 (199.1) (51.9) (8.6) 8.9 (1.6) (2.4) 1.7 (2.3) 4.1 (2.5) 7.5 1.6 (0.6) 0.5 1.9
Cash at Beginning 2,678.2 3,523.8 2,229.0 2,149.7 2,452.2 1,274.0 2,069.4 787.1 986.2 1,038.1 21.1 12.2 13.9 16.3 14.6 16.9 12.8 15.4 8 6.3 6.9 6.5 5
Cash at End 2,282.8 2,678.2 3,523.8 2,229.0 2,149.7 2,452.2 1,274.0 2,069.4 787.1 986.2 12.5 21.1 12.2 13.9 16.3 14.6 16.9 12.9 15.5 7.9 6.3 7 6.9
Free Cash Flow 1,201.6 416.6 447.4 1,075.1 683.9 1,588.5 469.0 421.3 651.7 (469.6) (210.4) 96.5 (30.2) (1.0) 27.7 40.7 (63.6) 25.9 48.2 (44.5) (22.4) 73.4 25.1
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 6,297.8 5,888.9 5,100.9 4,535.1 4,723.4 3,761.9 3,470.9 3,153.0 2,952.3 2,598.1 2,334.5 2,213.1 1,982.6 1,597.9 1,392.9 1,368.9 1,102.9 888.8 793.1 332.9 270.0 251.2 221.6 194.1 189.6 198.1 151.2 137.4 136.1 109.8 95.4 93.9 113.5
Gross Profit 5,451.3 4,882.1 4,265.6 4,300.2 4,688.9 3,662.2 3,283.0 2,964.5 2,882.3 2,531.2 2,289.1 2,171.9 1,936.2 1,564.5 1,367.6 1,355.7 1,090.6 870.3 763.1 226.9 263.7 246.8 216.5 187.8 177.9 177.5 141.1 127.6 123.1 101.6 87.1 87.8 108.7
Operating Income 871.1 928.4 706.7 885.1 1,067.1 651.2 599.1 534.4 269.5 142.6 141.6 290.8 185.2 229.7 138.1 (0.2) 120.4 91.8 53.8 26.4 32.7 36.6 25.1 4.8 3.4 14.7 11 8.5 9.6 5.6 1.3 (9.2) 11.2
Net Income 683.8 731.4 522.5 662.2 824.9 503.5 448.4 394.0 182.9 81.5 92.3 176.1 162.0 138.6 84.1 1.9 75.8 55.5 32.2 15.4 19.6 23.1 15.0 2.8 2.0 9.2 7.2 5.2 5.8 3.4 0.6 (5.5) 7
EPS (Diluted) 5.88 6.25 4.28 5.32 6.66 4.16 3.66 3.15 1.43 0.67 0.79 1.54 1.47 1.47 0.89 0.02 1.04 0.88 0.56 0.33 0.46 0.56 0.41 0.08 0.06 0.27 0.23 0.16 0.19 0.13 0.03 -0.22 0.27
Balance Sheet
Cash & Equivalents 2,282.8 2,918.1 3,577.2 2,200.0 1,963.3 2,279.3 1,142.6 1,936.6 696.3 912.9 161.8 239.7 21.1 12.2 13.9 16.5 14.6 16.9 12.8 15.4 8 6.3 6.9 7
Total Assets 41,588.1 39,895.5 37,727.5 37,196.1 34,049.7 26,604.3 24,610.2 24,519.6 21,384.0 19,129.4 3,167.4 1,558.1 382.3 412.2 423.0 440.6 458.3 453.1 335 315.5 301 226.8 222.2 196.5
Total Debt 2,179.6 2,770.5 2,916.5 1,841.4 2,315.2 1,801.3 2,381.5 3,279.3 3,096.0 2,708.0 305.9 90.7 68.8 11.9 47.8 80.6 104.4 161.1 85.3 103.6 146.2 98.1 78.3 50.6
Stockholders' Equity 5,977.3 5,686.8 5,294.4 5,328.5 5,035.0 4,238.8 3,614.8 3,167.6 2,861.6 2,738.4 873.4 593.2 131.3 100.0 80.0 78.6 74.2 59.1 55 50.1 37.8 34.8 34.2 39
Cash Flow
Operating Cash Flow 1,263.7 490.4 499.3 1,157.4 872.1 1,661.8 626.9 529.5 679.9 (441.4) (205.6) 96.5 (30.2) 2.2 32.2 44.9 (59.6) 29.9 49.2 (44.1) (21.2) 75.4 26.7
Capital Expenditure (62.1) (73.8) (52.0) (82.3) (188.2) (73.4) (157.9) (108.2) (28.2) (28.2) (4.8) 0 0 (3.2) (4.5) (4.2) (4) (4) (1) (0.4) (1.2) (2) (1.6)
Free Cash Flow 1,201.6 416.6 447.4 1,075.1 683.9 1,588.5 469.0 421.3 651.7 (469.6) (210.4) 96.5 (30.2) (1.0) 27.7 40.7 (63.6) 25.9 48.2 (44.5) (22.4) 73.4 25.1