Super Micro Computer, Inc. logo SMCI - Super Micro Computer, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 13
SELL 1
STRONG
SELL
0
| PRICE TARGET: $38.60 DETAILS
HIGH: $45.00
LOW: $26.00
MEDIAN: $40.00
CONSENSUS: $38.60
UPSIDE: 25.90%
Metric 2026 Q3 2026 Q2 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
Revenue
Revenue 10,243.0 12,682.5 5,017.8 5,756.9 4,599.9 5,678.0 5,937.3 5,354.6 5,937.3 5,354.6 2,119.7 2,184.9 1,283.3 1,803.2 1,852.1 1,635.5 1,355.5 1,172.4 1,032.7 1,069.0 895.9 830.3 762.2 896.1 772.4 870.9 799.8 854.2 743.5 931.5 971.1 981.7 835.1 827.0 716.7 672.9 614.8 663.2 528.8 524.3 513.5 641.2 539.1 573.6 471.2 503.0 443.3 428.1 373.8 356.4 309.0 322.3 278.0 291.5 270.7 275.9 240.2 249.9 247.9 260.3 234.3 240.8 207.2 201.7 189.3 182.0 148.5 123.5 109.5 128.6 144.1 148.9 136.8 136.9 117.9 110.9 105.7 113.6 90.2 82.9 83.0 68.3 68.3 52.9 52.9 52.9 52.9
Cost of Revenue 9,224.3 11,883.9 4,550.4 5,212.8 4,159.7 5,007.9 5,161.7 4,808.6 5,161.7 4,808.6 1,766.0 1,813.2 1,056.9 1,465.8 1,504.6 1,348.1 1,144.7 1,008.7 894.6 923.5 772.9 694.2 632.3 772.6 639.0 732.5 668.9 722.2 631.2 803.6 847.9 849.3 729.2 721.3 630.7 584.7 529.5 567.1 446.2 450.5 434.5 538.0 461.6 483.8 394.4 418.6 374.1 361.7 316.5 301.3 262.2 276.3 239.1 251.4 235.7 233.4 199.4 207.3 208.3 220.3 196.4 200.6 174.1 170.8 160.0 151.7 124.0 103.0 93.2 104.5 116.2 120.4 111.9 109.7 94.9 91.0 87.6 94.6 72.2 0 0 0 0 0 0 0 0
Gross Profit 1,018.7 798.6 467.4 544.1 440.2 670.0 775.6 546.0 775.6 546.0 353.7 371.7 226.4 337.4 347.5 287.3 210.8 163.7 138.1 145.5 123.0 136.1 129.9 123.5 133.4 138.4 130.9 132.0 112.3 127.9 123.2 132.3 105.9 105.7 86.1 88.2 85.3 96.1 82.6 73.8 79.0 103.2 77.5 89.8 76.8 84.5 69.2 66.4 57.3 55.1 46.8 46.0 38.9 40.1 35.0 42.4 40.7 42.6 39.6 40.0 37.9 40.2 33.0 30.9 29.3 30.3 24.5 20.5 16.3 24.1 27.8 28.4 24.8 27.3 23.0 19.9 18.1 19.0 18.0 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 215.7 180.8 173.3 183.2 162.9 158.2 132.2 127.5 132.2 127.5 111.0 84.8 77.5 70.7 74.2 70.8 70.9 65.5 65.1 58.9 57.9 52.7 54.8 66.7 49.6 55.6 49.6 46.2 44.8 45.9 43.0 42.6 42.3 39.5 40.7 40.9 36.0 35.5 34.1 34.1 31.7 30.7 28.1 27.7 25.5 25.5 21.5 23.0 20.6 20.4 20.2 19.6 18.6 18.8 18.2 17.6 17.2 15.7 13.8 13.2 12.2 12.3 10.4 10.2 9.8 8.8 8.6 8.8 8.6 9.0 8.1 8.8 8.1 7.0 6.7 5.5 5.1 5.6 4.9 0 0 0 0 0 0 0 0
SG&A Expenses 177.2 143.5 111.8 132.5 130.6 143.2 134.1 130.1 134.1 130.1 70.2 60.1 49.8 51.5 53.2 51.3 50.1 47.2 43.9 47.5 48.0 46.0 44.7 47.3 68.2 55.0 48.5 55.7 54.7 56.3 51.8 48.2 42.4 43.5 36.1 26.8 27.8 27.2 26.0 27.8 23.5 24.9 24.1 21.2 19.8 16.1 16.1 16.8 15.2 14.5 14.5 14.0 14.8 13.7 15.1 15.7 14.0 13.2 12.3 12.3 10.5 11.0 10.6 9.3 9.0 9.2 9.4 7.9 7.3 7.9 7.9 9.1 8.5 8.0 7.2 6.3 6.8 6.0 5.0 0 0 0 0 0 0 0 0
Other 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 (0.1) 82.9 83.0 68.3 68.3 52.9 52.9 52.9 52.9
Operating Expenses 392.8 324.3 285.1 315.7 293.4 301.4 266.4 257.5 266.4 257.5 181.2 144.9 127.3 122.2 127.4 122.1 121.0 112.7 109.0 106.4 106.0 98.7 99.5 114.1 117.8 110.6 98.1 101.9 99.5 102.2 94.7 90.8 84.7 83.0 76.7 67.7 63.8 62.6 60.1 62.0 55.3 55.6 52.3 49.0 45.4 41.6 37.6 39.9 35.8 34.9 34.7 33.6 33.5 32.5 33.3 33.3 31.1 28.9 26.1 25.4 22.7 23.3 21.0 19.5 18.7 17.9 18.0 16.7 15.9 16.8 16.0 17.8 16.6 15.0 13.9 11.8 11.9 11.6 9.8 82.9 83.0 68.3 68.3 52.9 52.9 52.9 52.9
Operating Income
Operating Income 625.9 474.3 182.3 228.4 146.8 368.6 509.2 288.5 509.2 288.5 172.5 226.8 99.1 215.2 220.1 165.2 89.8 51.0 29.1 39.1 17.1 37.4 30.4 9.4 15.5 27.8 32.9 30.1 12.9 25.7 28.5 41.5 21.2 22.7 9.3 20.5 21.5 33.5 22.4 11.8 23.7 47.6 25.2 40.8 31.4 42.9 31.6 26.5 21.5 20.2 12.0 12.4 5.4 7.6 1.7 9.2 9.6 13.7 13.5 14.6 15.2 16.9 12.0 11.4 10.5 12.4 6.5 3.7 0.4 7.3 11.8 10.6 8.3 12.2 9.2 8.1 6.2 7.4 8.2 (192.0) 83.0 68.3 68.3 (147.4) 52.9 52.9 52.9
Interest Expense 64.5 25.4 24.9 22.3 13.4 6.5 17.4 3.1 6.2 8.1 1.9 3.5 1.3 1.8 3.9 2.9 1.5 1.1 0.8 0.6 0.6 0.6 0.7 0.6 0.5 0.6 0.6 1.2 1.3 1.8 2.4 2.2 1.3 1.1 1.1 0.8 0.6 0.5 0.3 0.4 0.4 0.4 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.0 0.0 0 0 0 0 0.3 0.3 0.2 0 0 0 0 0 0 0 0
Interest Income 45.4 51.0 0 0 0 8.8 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0 0.2 0.2 0 0 0 0 0.1 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 698.4 548.0 254.1 263.6 143.6 394.0 528.6 314.3 530.5 314.3 188.3 237.7 107.7 217.5 236.7 177.6 102.8 58.6 36.7 44.5 25.9 41.7 37.1 16.2 23.6 34.5 41.3 34.4 18.8 32.5 34.6 48.0 26.8 27.9 13.1 23.8 24.0 38.1 25.8 15.6 27.4 50.2 30.0 43.0 33.6 44.9 33.5 28.3 23.2 21.8 13.5 14.4 7.4 9.6 3.7 11.2 11.6 15.3 15.1 16.1 16.6 18.3 13.3 12.6 11.7 13.5 7.6 4.8 1.4 8.3 12.7 11.3 9.1 12.8 9.7 8.6 6.6 7.8 8.6 (192.0) 83.0 68.3 68.3 (147.4) 52.9 52.9 52.9
EBIT 675.5 525.6 233.5 245.0 128.5 381.6 516.4 302.4 516.4 302.4 179.1 228.8 99.0 208.8 228.2 169.2 94.4 50.4 29.2 37.6 19.1 34.8 29.6 8.7 16.5 27.4 34.5 28.4 12.8 26.4 28.7 42.3 20.8 22.3 8.5 19.2 19.9 34.2 22.0 11.9 23.9 47.0 27.3 40.8 31.5 42.9 31.6 26.6 21.5 20.2 12.1 12.5 5.4 7.6 1.7 9.2 9.6 13.7 13.5 14.6 15.2 16.9 12.0 11.4 10.6 12.4 6.5 3.8 0.5 7.4 11.8 10.6 8.3 12.2 9.2 8.1 6.2 7.4 8.2 (192.0) 83.0 68.3 68.3 (147.4) 52.9 52.9 52.9
Income Before Tax 610.3 499.7 208.4 214.5 114.6 377.6 499.1 298.8 499.1 298.8 177.2 224.9 96.7 205.7 223.3 166.6 93.2 49.5 28.8 37.6 18.2 32.8 30.3 11.6 14.9 25.8 34.9 28.1 11.1 22.7 24.9 39.0 18.8 20.1 6.8 18.3 19.4 33.7 21.6 11.4 23.4 46.6 26.9 40.5 31.2 42.7 31.5 26.3 21.3 20.1 11.9 12.3 5.3 7.5 1.5 9.0 9.4 13.6 13.3 14.4 15.0 16.8 11.9 11.3 10.5 12.3 6.4 3.6 0.3 7.2 11.8 10.5 8.3 12.4 9.5 8.4 5.9 7.1 7.9 5.0 5.0 3.5 3.5 1.8 1.8 1.8 1.8
Income Tax Expense 126.9 99.2 40.2 19.3 5.8 57.0 74.7 1.6 74.7 1.6 20.2 31.3 10.9 29.6 38.9 25.8 16.2 7.6 3.3 (1.6) (0.2) 5.1 3.7 (6.9) (0.9) 2.1 8.6 4.3 0.5 4.5 5.5 12.7 4.2 20.8 0.7 3.6 4.0 10.8 6.3 4.5 7.4 13.4 9.6 13.8 8.1 11.5 10.6 9.8 4.8 6.7 4.2 3.9 (1.7) 2.5 0.6 3.5 2.3 4.8 4.8 3.7 4.3 5.2 4.7 3.6 2.8 4.7 2.5 1.2 (1.0) 1.8 4.6 3.7 3.3 4.7 3.7 2.9 1.8 2.2 3.1 0 0 0 0 0 0 0 0
Net Income 483.4 400.6 168.3 195.2 108.8 320.6 424.3 297.2 424.3 297.2 157.0 193.6 85.8 176.2 184.4 140.8 77.0 41.9 25.4 39.2 18.4 27.7 26.6 18.4 15.8 23.7 26.3 23.7 10.6 18.2 19.3 26.3 14.6 (0.8) 6.1 14.7 15.3 22.9 15.4 7.0 16.0 33.2 17.4 26.7 23.1 31.2 20.9 16.5 16.6 13.3 7.7 8.4 7.0 4.9 0.9 5.5 7.1 8.8 8.5 10.7 10.7 11.6 7.2 7.7 7.7 7.6 3.9 2.4 1.2 5.3 7.2 6.8 5.0 7.7 5.8 5.5 4.1 5.0 4.8 5.0 5.0 3.5 3.5 1.8 1.8 1.8 1.8
Per Share Data
EPS (Basic) 0.81 0.67 0.28 0.33 0.18 0.54 0.18 0.54 0.72 0.60 0.30 0.37 0.16 0.33 0.35 0.27 0.15 0.08 0.05 0.08 0.04 0.05 0.05 0.04 0.03 0.05 0.05 0.05 0.02 0.04 0.04 0.05 0.03 -0.00 0.01 0.04 0.03 0.05 0.03 0.01 0.04 0.07 0.04 0.06 0.05 0.07 0.05 0.04 0.04 0.03 0.02 0.02 0.02 0.01 0.00 0.01 0.02 0.02 0.02 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.01 0.01 0.00 0.01 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01
EPS (Diluted) 0.72 0.60 0.26 0.31 0.17 0.50 0.17 0.51 0.67 0.55 0.28 0.34 0.15 0.31 0.34 0.26 0.14 0.08 0.05 0.07 0.04 0.05 0.05 0.03 0.03 0.05 0.05 0.05 0.02 0.04 0.04 0.05 0.03 -0.00 0.01 0.03 0.03 0.04 0.03 0.01 0.03 0.07 0.04 0.05 0.04 0.06 0.04 0.03 0.04 0.03 0.02 0.02 0.02 0.01 0.00 0.01 0.02 0.02 0.02 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.01 0.01 0.00 0.01 0.02 0.02 0.01 0.02 0.01 0.02 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Shares Outstanding 597.9 596.8 656.7 597.6 595.0 592.5 595.0 592.5 589.6 586.9 530.9 526.8 532.8 531.6 526.0 521.1 517.1 513.1 508.0 502.3 505.5 515.0 523.3 522.4 515.3 501.8 502.7 501.0 499.9 498.4 497.0 495.2 494.2 493.4 491.0 488.0 484.4 481.2 481.6 484.6 480.5 476.5 475.2 473.3 468.2 461.3 454.7 450.2 439.9 429.1 425.0 422.7 421.5 418.9 416.7 415.4 411.3 405.6 403.6 382.0 382.7 375.4 372.2 360.5 362.2 355.4 349.5 345.8 346.8 344.4 330.3 321.9 317.6 308.2 302.9 272.2 222.8 222.1 221.9 221.0 220.1 219.6 219.6 219.4 219.1 219.1 219.1
Metric 2026 Q3 2026 Q2 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 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 2005 Q4
Current Assets
Cash & Cash Equivalents 1,290.3 4,091.1 4,196.9 5,169.9 2,536.1 1,430.0 2,088.7 1,669.8 2,115.5 725.7 543.2 440.5 362.8 304.6 238.3 267.4 247.4 247.4 270.0 232.3 177.9 315.6 300.1 210.5 300.9 309.0 239.3 248.2 169.7 109.8 105.8 115.4 113.2 107.8 128.8 146.7 181.0 176.4 169.9 110.9 95.4 109.2 83.2 117.5 96.9 101.7 89.9 111.5 93.0 94.0 88.4 58.3 80.8 88.9 102.4 92.3 69.9 68.1 87.2 83.5 72.6 66.7 82.3 73.6 70.3 62.7 60.3 64.8 51.5 41.4 45.4 50.3 50.9 20.8 21.6 17.1 16.5 11.2
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 0.1 0.1 0.1 0.1 0.8 0.4 2.0 0.4 0.3 0.1 0.1 0.1 0.1 0.5 19.3 19.1 15.1 0 0.1 0.1 0.1 1.8
Net Receivables 8,442.1 11,004.8 2,525.0 2,217.7 2,657.3 3,076.9 2,731.7 2,749.3 1,680.4 1,537.3 845.7 1,176.0 782.8 901.2 886.4 858.9 819.2 617.5 545.3 563.8 525.7 393.3 363.3 500.4 423.2 452.5 452.3 476.7 388.1 515.8 543.9 544.4 402.7 391.3 366.9 328.3 246.4 285.7 314.2 297.1 322.6 221.6 258.8 194.4 212.7 182.0 161.2 134.1 149.3 122.3 118.9 112.8 102.0 101.0 80.1 87.8 85.0 79.8 77.8 71.8 73.0 63.9 54.9 50.1 45.7 42.8 39.6 46.2 49.5 42.1 45.8 40.7 33.4 32.8 31.2 26.6 22.3 13.5
Inventory 11,103.4 10,595.4 5,730.0 4,680.4 3,870.2 3,596.1 4,930.6 4,333.0 4,124.6 2,467.0 2,052.8 1,445.6 1,540.4 1,421.8 1,736.1 1,545.6 1,588.5 1,393.7 1,184.6 1,041.0 903.9 807.4 773.9 851.5 866.2 704.4 685.2 670.2 761.1 829.2 821.0 853.3 636.0 642.3 599.3 500.0 449.0 479.3 486.5 461.4 463.5 430.4 409.2 341.5 315.8 295.1 290.9 254.3 254.2 257.3 243.6 263.2 276.6 228.9 193.4 189.0 192.7 205.6 187.6 151.5 135.6 144.4 134.3 100.1 90.0 82.9 89.1 100.9 85.7 93.4 92.7 73.4 66.8 73.0 74.7 78.0 57.6 40.5
Other Current Assets 732.5 433.9 209.4 233.7 450.0 564.1 100.5 179.9 143.5 112.4 129.1 117.4 18.9 12.4 11.6 126.4 15.9 14.3 14.0 11.3 12.5 11.1 22.6 8.9 32.9 29.4 19.7 18.9 29.5 24.8 19.3 11.5 4.8 13.5 13.7 13.4 2.6 27.3 26.8 26.5 25.4 26.8 23.6 22.1 23.1 26.6 21.0 19.9 22.6 22.0 20.2 13.6 19.0 11.8 11.1 10.8 10.2 9.3 8.6 9.2 9.8 9.2 8.9 9.1 8.6 8.5 10.5 8.7 8.7 8.0 7.3 1.9 5.6 3.4 3.4 3.4 3.4 2.7
Total Current Assets 21,568.3 26,124.6 12,661.3 12,301.7 9,513.6 8,667.1 9,851.6 8,932.0 8,063.9 4,842.4 3,570.8 3,179.4 2,715.2 2,649.5 2,879.9 2,806.3 2,678.7 2,293.3 2,037.0 1,867.3 1,639.7 1,544.3 1,479.5 1,592.8 1,648.4 1,520.7 1,420.3 1,421.8 1,356.1 1,490.6 1,495.7 1,530.9 1,246.6 1,156.7 1,113.8 989.4 938.0 983.6 999.6 898.2 914.4 795.3 781.7 685.1 654.1 610.8 567.6 524.2 523.2 499.8 475.5 458.1 481.9 440.1 394.7 388.9 369.6 372.1 369.2 323.5 296.9 290.3 284.9 237.2 220.0 204.3 208.1 222.5 199.9 187.3 212.5 191.8 173.5 135.4 137.2 129.2 101.2 70.4
Non-Current Assets
Property, Plant & Equipment 607.7 908.7 896.7 798.2 492.6 477.5 451.1 414.0 385.6 297.1 291.7 290.2 309.6 310.1 313.2 286.0 307.7 303.9 308.3 294.8 286.8 278.4 265.9 257.6 255.8 233.1 226.1 207.3 203.4 198.3 198.2 196.6 195.6 195.6 193.7 190.8 187.9 179.6 173.2 169.1 163.0 153.3 142.7 133.1 130.6 128.5 128.1 96.8 95.9 95.4 96.7 97.1 97.4 96.3 96.1 81.3 74.4 69.6 68.8 68.7 62.7 44.4 44.8 44.6 45.0 45.5 45.8 46.0 45.6 45.6 44.4 32.8 31.1 31.2 31.2 30.6 29.6 19.1
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.3 1.4 1.4 0 1.6 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
Long-Term Investments 0 123.3 100.3 112.4 0 0 0 0 0 0 0 0 4.1 4.8 5.9 6.9 6.3 6.0 6.7 6.1 5.3 5.6 6.7 4.3 1.7 2.8 4.7 4.2 5.8 7.2 8.8 7.5 10.2 10.8 4.1 4.1 4.5 4.0 4.0 4.0 4.0 4.1 4.1 3.4 3.4 3.4 3.4 3.4 3.4 2.6 2.6 2.9 2.9 3.3 3.7 3.7 5.2 5.8 5.4 5.8 5.9 6.2 6.4 11.2 14.4 14.6 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 643.4 189.7 110.4 198.8 251.2 142.5 137.0 115.0 83.0 47.3 47.8 42.4 15.2 14.8 13.1 35.9 12.0 11.6 11.4 10.5 9.4 10.1 9.4 9.1 8.8 8.5 8.4 8.2 8.1 8.1 8.1 8.9 9.0 5.9 6.1 6.6 11.0 6.7 7.3 4.7 3.8 2.4 2.0 2.1 2.1 2.1 2.4 3.4 2.5 3.3 3.0 3.1 3.4 5.2 3.3 12.0 12.6 11.5 2.9 2.9 0.5 0.1 0.1 1.9 1.9 1.9 16.5 17.0 18.0 19.4 0.3 0.6 0.4 0.3 0.2 0.2 0.2 0.2
Total Non-Current Assets 1,883.7 1,877.0 1,724.7 1,716.8 1,224.9 1,061.3 999.8 894.1 798.8 562.6 525.1 495.3 477.4 425.4 421.4 398.8 392.5 383.3 389.7 374.7 359.2 349.8 337.2 325.9 311.9 286.3 280.9 260.8 251.2 245.5 243.4 238.6 242.0 247.7 236.0 231.2 227.6 197.5 193.0 183.7 175.4 165.7 153.3 143.2 142.2 139.7 141.1 111.6 109.1 108.2 108.1 108.5 107.2 108.1 105.3 99.3 95.0 89.8 79.8 80.1 73.9 53.5 52.9 59.2 63.1 63.4 63.5 64.0 64.5 66.4 45.7 34.2 32.1 31.4 31.4 30.8 29.8 19.2
Total Assets 23,452.0 28,001.6 14,386.0 14,018.4 10,738.5 9,728.3 10,851.4 9,826.1 8,862.8 5,405 4,096.0 3,674.7 3,192.6 3,074.9 3,301.3 3,205.1 3,071.2 2,676.6 2,426.7 2,242.0 1,998.8 1,894.1 1,816.7 1,918.6 1,960.2 1,807.0 1,701.3 1,682.6 1,607.3 1,736.1 1,739.1 1,769.5 1,488.6 1,404.5 1,349.9 1,220.6 1,165.6 1,181.1 1,192.6 1,082.0 1,089.8 961.0 935.0 828.3 796.3 750.5 708.7 635.8 632.3 608.1 583.6 566.5 589.1 548.1 500.0 488.2 464.6 461.9 449.0 403.6 370.8 343.8 337.8 296.4 283.1 267.8 271.6 286.5 264.4 253.7 258.2 226.0 205.6 166.8 168.6 160.0 131.0 89.7
Current Liabilities
Account Payables 3,687.0 13,753.2 1,279.7 1,282.0 643.0 549.3 1,683.0 1,472.4 1,092.4 1,261.5 1,084.1 776.8 641.8 560.0 785.0 655.4 779.6 695.2 564.6 612.3 465.0 396.3 333.4 417.7 462.8 392.5 332.2 360.5 332.0 459.6 466.0 527.2 342.3 348.7 341.9 287.6 267.4 277.3 321.2 263.2 299.8 261.6 283.8 222.6 219.4 205.2 205.8 165.7 172.9 163.6 149.4 92.2 174.0 142.2 115.9 96.4 113.3 128.5 144.0 113.1 95.4 103.5 112.6 86.3 73.5 60.5 65.6 86.9 81.0 79.8 94.6 70.1 61.5 66.2 76.4 69.1 52.0 37.7
Short-Term Debt 2,095.1 201.8 100.6 75.1 64.0 155.0 493.8 402.3 81.6 276.3 40.8 170.1 54.0 27.9 101.2 449.1 403.0 176.9 233.7 63.5 57.5 24.9 24.0 23.7 33.2 23.2 22.5 23.6 22.7 48.2 79.3 116.2 161.4 113.3 92.4 61.0 53.6 93.8 94.2 94.6 93.5 44.8 33.5 34.4 42.6 42.1 37.2 13.7 28.6 28.7 29.2 29.4 13.4 12.9 12.7 0.6 0.6 0.6 0.6 18.6 18.6 0 0 0 0.3 0.3 0.3 0.3 0.4 0.3 0.4 0.4 0.4 0.8 0.8 0.8 0.8 0.5
Deferred Revenue 1,472.2 896.9 644.4 628.9 405.8 344.4 402.7 240.0 334.6 253.9 209.5 134.7 196.9 179.1 268.9 111.3 173.5 213.1 183.7 179.2 150.0 134.8 134.9 152.3 174.5 167.6 149.0 130.6 126.4 117.7 113.2 102.2 47.6 32.8 28.7 23.8 31.5 17.1 16.4 12.4 11.3 7.1 5.5 4.8 6.6 3.7 4.6 4.2 4.1 0 0 0 4.5 0 0 0 1 1.0 1.0 1.1 1.2 1.7 1.4 1.4 1.2 1.2 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 868.3 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0.0 (7.1) 0 (0.0) 0 0 0 (0.0) 0 0 10.3 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 2.0 1.7 1.4 1.4 2.1 4.0 2.5 2.5 3.0 4.9 1.9 2.7
Total Current Liabilities 8,122.6 15,396.7 2,347.2 2,344.8 1,428.1 1,357.8 2,871.1 2,345.7 1,717.7 1,992.1 1,604.8 1,374.7 1,092.4 916.9 1,353.4 1,470.0 1,496.2 1,199.6 1,101.5 968.9 782.0 673.0 589.7 707.6 784.8 671.7 588.4 606.0 564.1 708.2 738.9 811.6 533.1 534.5 509.8 415.5 363.6 434.5 480.1 419.6 454.1 359.2 373.1 314.0 310.9 292.5 286.6 233.5 241.7 229.1 213.4 204.4 220.5 185.3 156.9 150.3 140.6 154.9 172.6 160.6 137.9 123.5 133.0 104.2 89.0 78.4 84.9 108.5 97.5 95.8 110.1 89.1 78.4 83.8 91.2 88.2 64.2 47.5
Non-Current Liabilities
Long-Term Debt 4,659.4 4,676.1 4,675.1 4,682.6 2,428.3 1,754.0 1,764.9 1,771.8 1,781.9 99.3 105.4 120.2 133.2 142.3 148.6 147.6 144.4 139.0 45.1 34.7 27.9 20.6 12.0 5.7 0 0 0 0 0 0 0 0 0 32.3 34.7 37.2 40 0 0 0.2 0.9 1.6 2.3 3.0 3.7 4.4 5.1 21.1 6.5 7.2 7.9 8.6 19.4 23.2 22.0 30.0 27.6 27.5 18.0 0 0 0 0 0 9.7 9.8 9.9 9.9 10.0 10.1 10.2 11.2 11.3 18.1 18.3 18.5 18.6 12.5
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0.4 0.4 0.4 0.5
Other Non-Current Liabilities 3,094.4 408.8 409.5 326.5 189.6 88.6 86.1 67.9 65.8 46.2 45.7 37.9 24.6 23.4 24.3 22.5 23.2 23.0 27.2 26.6 25.9 24.2 26.8 23.9 21.8 25.0 28.1 26.2 24.4 26.5 27.2 24.6 21.2 20.0 21.2 19.6 18.7 37.6 34.4 24.6 11.4 14.4 14.4 12.8 12.5 11.0 11.2 10.5 10.3 9.5 10.8 11.0 10.8 10.7 9.6 9.3 9.1 9.8 9.5 8.4 8.1 7.8 6.5 6.1 5.7 4.7 5.0 4.8 4.9 4.4 3.9 3.7 0 0 0 0 0 0
Total Non-Current Liabilities 7,753.8 5,612.7 5,515.2 5,371.8 2,930.9 2,132.1 2,103.4 2,063.0 2,050.9 335.8 325.6 327.9 331.7 339.2 322.7 309.3 301.1 290.2 192.4 176.7 162.9 156.9 154.3 145.3 137.0 133.7 141.0 135.4 130.0 129.7 125.0 114.3 155.2 92.9 87.7 81.9 80.6 37.6 34.4 17.4 16.6 16.0 16.7 15.8 16.2 15.5 16.3 16.3 16.9 16.7 18.7 19.6 30.2 33.9 31.6 39.3 36.7 37.4 27.6 8.4 8.2 7.8 6.5 6.2 15.5 14.6 14.9 14.8 15.0 14.5 14.1 14.9 11.3 18.5 18.7 18.9 19.1 13.0
Total Liabilities 15,876.4 21,009.4 7,862.5 7,716.6 4,359.0 3,489.9 4,974.5 4,408.7 3,768.6 2,327.9 1,930.4 1,702.6 1,424.0 1,256.1 1,676.1 1,779.3 1,797.3 1,489.8 1,293.9 1,145.6 944.9 829.9 744.0 852.9 921.8 805.5 729.4 741.4 694.1 837.9 863.8 925.9 688.4 627.4 597.5 497.4 444.2 472.1 514.5 437.1 470.7 375.2 389.8 329.8 327.1 308.0 302.9 249.8 258.5 245.9 232.1 224.1 250.8 219.3 188.5 189.6 177.4 192.3 200.3 169.0 146.1 131.3 139.6 110.4 104.5 93.0 99.8 123.3 112.5 110.3 124.2 104.1 89.7 102.3 109.9 107.1 83.2 60.5
Stockholders' Equity
Common Stock 3,088.0 2,987.9 2,919.9 2,866.4 2,939.3 2,907.1 2,865.9 2,830.8 2,805.0 1,190.3 574.7 538.4 528.3 514.6 497.2 481.7 471.1 461.0 449.0 438.0 425.5 410.5 400.2 390.0 381.1 360.1 354.2 349.7 345.3 341.1 336.4 331.6 305.3 299.3 291.3 284.1 277.3 271.9 257.8 252.4 247.1 240.4 223.0 207.4 199.1 188.9 168.8 162.3 157.7 154.6 150.9 146.9 143.8 139.9 129.6 125.4 122.7 115.8 105.6 103.0 100.3 96.0 89.5 85.1 81.9 80.5 0 0 0 67.9 0 0 0 0 0 0 0 0
Retained Earnings 4,486.8 4,003.4 3,602.8 3,434.5 3,439.4 3,330.6 3,010.0 2,585.7 2,288.4 1,886.0 1,590.0 1,433.0 1,239.4 1,303.5 1,127.3 942.9 802.1 725.1 683.2 657.8 627.9 653.1 722.8 696.2 677.8 662.0 638.2 611.9 588.2 577.5 559.3 532.3 515.3 498.2 481.5 459.5 446.0 439 422.3 394.4 373.9 347.2 324.2 292.9 272.1 255.5 239.0 225.6 217.9 209.5 202.5 197.6 196.7 191.1 184.1 175.3 166.8 156.1 145.4 133.8 126.6 118.9 111.1 103.5 99.7 97.3 96.1 90.7 83.6 76.7 71.7 64.0 59.1 53.6 49.6 44.6 39.8 22.8
Accumulated Other Comprehensive Income 0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.7 0.5 0.7 0.7 0.6 0.7 0.6 0.5 0.9 0.6 0.5 0.4 0.5 0.4 0.4 0.1 (0.2) (0.2) (0.1) (0.2) (0.1) (0.0) (0.1) (0.1) 0.2 (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.2) (0.2) (0.2) (0.2) (0.2) (0.4) (0.4) (0.6) (0.8) (0.8) (1.2) (1.0) (1.1) (1.2) (1.1) (1.3) (1.5) (1.7) (2.0) (2.2) (2.6) (1.2)
Total Stockholders' Equity 7,575.4 6,992.0 6,523.4 6,301.7 6,379.3 6,238.3 5,876.8 5,417.2 5,094.0 3,076.9 2,165.4 1,972.0 1,768.4 1,818.7 1,625.0 1,425.6 1,273.7 1,186.7 1,132.6 1,096.2 1,053.8 1,064.0 1,072.6 1,065.5 1,038.2 1,001.4 971.7 941.0 913.0 898.1 875.1 843.5 800.0 776.9 752.2 723.0 721.2 708.8 678.0 644.7 618.9 585.6 545.1 498.3 469.1 442.4 405.6 385.8 373.5 362.0 351.3 342.3 338.4 328.9 311.5 298.6 287.3 269.6 248.7 234.6 224.7 212.4 198.2 185.9 178.6 174.7 171.7 163.3 151.9 143.4 134.0 121.9 115.9 64.5 58.7 52.9 47.8 29.1
Total Liabilities & Equity 23,452.0 28,001.6 14,386.0 14,018.4 10,738.5 9,728.3 10,851.4 9,826.1 8,862.8 5,405 4,096.0 3,674.7 3,192.6 3,074.9 3,301.3 3,205.1 3,071.2 2,676.6 2,426.7 2,242.0 1,998.8 1,894.1 1,816.7 1,918.6 1,960.2 1,807.0 1,701.3 1,682.6 1,607.3 1,736.1 1,739.1 1,769.5 1,488.6 1,404.5 1,349.9 1,220.6 1,165.6 1,181.1 1,192.6 1,082.0 1,089.8 961.0 935.0 828.3 796.3 750.5 708.7 635.8 632.3 608.1 583.6 566.5 589.1 548.1 500.0 488.2 464.6 461.9 449.0 403.6 370.8 343.8 337.8 296.4 283.1 267.8 271.6 286.5 264.4 253.7 258.2 226.0 205.6 166.8 168.6 160.0 131.0 89.7
Debt Metrics
Total Debt 6,754.4 4,909.7 4,805.8 4,778.8 2,505.5 1,915.9 2,269.4 2,183.4 1,871.6 384.6 154.7 290.3 207.0 191.2 271.9 620.6 573.2 340.0 303.6 119.1 107.4 69.7 60.9 53.8 58.7 36.3 36.3 23.6 22.7 48.2 79.3 116.2 161.4 145.5 127.2 98.2 93.6 93.8 94.2 94.8 94.4 46.5 35.8 37.5 46.3 46.6 42.3 34.7 35.2 36.0 37.1 38.1 32.8 36.1 34.7 30.6 28.2 28.2 18.6 18.6 18.7 0.1 0.1 0.1 10.1 10.2 10.3 10.4 10.5 10.5 10.5 11.6 11.7 19.0 19.2 19.3 19.5 13.1
Net Debt 5,464.1 818.6 608.9 (391.1) (30.6) 485.9 180.7 513.6 (243.9) (341.1) (388.5) (150.2) (155.8) (113.4) 33.6 353.2 325.8 92.6 33.5 (113.2) (70.5) (245.9) (239.1) (156.7) (242.1) (272.8) (203.0) (224.5) (147.1) (61.6) (26.5) 0.8 50.8 37.7 (1.6) (48.5) (85.2) (82.6) (75.7) (16.1) (1.0) (62.8) (47.4) (80.0) (50.6) (55.2) (47.5) (76.7) (57.9) (58.0) (51.3) (20.3) (48.1) (52.7) (67.7) (61.7) (41.7) (39.9) (68.6) (64.9) (54.0) (66.7) (82.2) (73.5) (60.2) (52.5) (50.0) (54.4) (41.0) (30.9) (34.9) (38.7) (39.2) (1.8) (2.4) 2.2 3.0 1.9
Metric 2026 Q3 2026 Q2 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
Operating Activities
Net Income 483.4 400.6 168.2 195.2 108.8 320.6 424.3 297.2 402.5 296.0 157.0 193.6 85.8 176.2 184.4 140.8 77.0 41.9 25.4 39.2 18.4 27.7 26.6 18.4 15.8 23.7 26.3 23.7 10.6 18.2 19.3 26.3 14.6 (0.8) 6.1 17.1 16.7 22.0 13.5 7.0 16.7 27.9 20.5 26.7 23.1 31.2 20.9 16.5 16.6 13.3 7.7 8.4 7.0 4.9 0.9 5.5 7.1 8.8 8.5 10.7 10.7 11.6 7.2 7.7 7.7 7.6 3.9 2.4 1.2 5.3 7.2 6.8 5.0 7.7 5.8 5.5 4.1 5.0 4.8
Depreciation & Amortization 13.6 13.0 20.6 18.6 10.7 14.9 14.1 11.8 10.4 9.6 9.2 9.0 8.7 8.6 8.5 8.4 8.4 8.1 7.5 6.9 6.9 6.9 7.5 7.5 7.1 7.1 6.8 6.0 6.1 6.2 5.9 5.7 6.0 5.6 4.6 4.2 4.1 3.9 3.8 3.7 3.6 3.2 2.8 2.2 2.1 2.0 1.8 1.8 1.7 1.5 1.4 1.9 1.9 2.0 2.0 2.0 2.0 1.6 1.5 1.5 1.4 1.3 1.3 1.2 1.2 1.1 1.1 1.0 1.0 0.9 0.8 0.7 0.8 0.6 0.5 0.5 0.4 0.4 0.3
Stock-Based Compensation 0 0 89.1 83.6 84.7 82.1 64.0 75.0 56.1 43.1 57.4 12.8 13.7 17.0 11.0 8.9 7.7 9.2 7.0 7.4 7.5 6.5 7.2 5.4 4.8 5.0 5.1 5.1 5.0 5.2 5.9 6.0 6.1 6.5 6.1 5.1 4.8 4.7 4.5 4.4 3.9 4.0 3.9 4.0 3.6 3.2 3.0 2.9 2.8 2.8 2.6 2.7 2.9 2.9 2.9 2.8 2.6 2.5 2.3 2.3 2.1 1.8 1.8 1.7 1.5 1.7 1.5 1.7 1.4 1.3 1.2 1.3 1.0 0.9 0.9 1.7 0.7 0 0
Change in Working Capital (7,343.0) (637.6) (1,227.8) 620.5 437.4 (623.3) (44.6) (1,011.2) (1,887.8) (921.0) 73.4 (179.1) 139.9 (39.9) 137.5 (174.3) (320.6) (111.5) (177.6) 13.4 (156.7) 16.8 82.0 (111.2) (52.4) 38.0 (39.2) 40.5 66.5 10.6 (1.0) 20.3 (24.7) (23.8) (7.9) (39.5) (57.6) (75.9) (38.8) (0.4) (19.4) 25.7 (2.5) (92.1) (3.5) (70.6) (0.3) (30.9) (22.2) (18.9) 6.3 (13.4) (4.2) 20.0 (31.9) (9.0) (29.0) (2.3) 11.5 (7.4) (37.4) (13.3) 3.2 (4.4) (31.1) (9.7) 2.1 2.6 (1.1) (11.4) 1.4 (1.3) (16.3) (2.7) (3.3) 0.4 (6.1) (0.3) (3.8)
Other Non-Cash Items 209.6 239.8 44.6 26.0 43.4 (4.5) (2.4) 9.4 (5.8) 9.9 (3.5) (31.2) 2.9 5.8 (8.6) (5.4) 4.3 (2.3) 3.0 2.3 1.3 6.1 (2.5) (6.9) 6.8 8.2 7.1 13.9 13.2 6.9 11.8 3.9 2.6 4.8 3.0 7.1 2.3 2.0 4.6 3.5 0.0 3.0 0.2 0.7 (3.2) (0.7) 0.7 (0.1) (0.7) 1.2 0.2 1.2 2.6 3.4 2.5 2.7 1.1 1.4 1.4 14.7 1.5 2.0 0.7 2.5 2.5 1.0 1.2 1.6 1.3 2.4 3.4 3.2 12.0 (0.2) 2.0 2.2 1.4 2.1 1.2
Operating Cash Flow (6,615.4) (23.9) (917.5) 863.6 626.8 (239.8) 408.9 (641.8) (1,513.5) (595.1) 270.5 (9.3) 198.2 161.1 313.6 (25.1) (227.9) (53.2) (134.6) 63.6 (124.4) 63.2 120.6 (96.0) (21.4) 81.6 5.6 81.9 99.6 43.4 37.7 65.0 3.2 4.4 11.8 (5.9) (35.3) (44.4) (10.8) 14.7 6.6 66.4 21.2 (53.7) 17.8 (35.7) 27.0 (5.9) (5.9) 0.1 18.3 0.0 8.0 32.2 (26.6) (2.6) (17.9) 11.8 25.1 10.2 (22.7) 4.0 16.9 6.0 (19.7) 1.9 9.7 8.4 3.5 (2.7) 12.7 9.2 0.8 4.5 4.0 5.4 (0.2) 7.2 2.6
Investing Activities
Capital Expenditure (80.3) (21.2) (32.3) (22.7) (32.7) (27.5) (44.3) (14.0) (92.9) (14.7) (2.6) (8.2) (8.0) (9.9) (10.7) (11.0) (11.0) (12.4) (10.8) (13.4) (19.1) (13.7) (11.9) (9.5) (10.8) (10.8) (13.3) (9.1) (6.5) (6.1) (3.2) (8.2) (4.5) (7.1) (5.0) (6.1) (5.9) (5.7) (11.6) (9.0) (9.9) (7.6) (7.7) (10.5) (13.6) (8.3) (2.8) (3.8) (2.8) (32.0) (1.9) (0.7) (1.6) (1.9) (0.9) (3.2) (3.5) (10.2) (8.0) (14.8) (2.3) (1.0) (7.3) (19.4) (1.1) (1.0) (0.7) (0.8) (0.2) (1.1) (1.4) (1.0) (2.5) (12.0) (0.6) (0.4) (0.8) (0.7) (1.2)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (17) (25) 0 (56) 0 0 0 (48) (22.5) (0.2) (5) (0.5) 0 0 0 0 0 0 (1.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2) (0.1) 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) (0.1) 0 0 0.0 (0.0) 0 0 0 0 (0.1) (1.1) (16.6) (4.7) 0 0 0 0
Sales/Maturities of 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 0.3 0 0.4 0.4 0 1.7 0.2 0 0.4 0.9 (0.0) 0.2 5.3 3.4 0.1 0.0 0 0.8 1.8 1.3 16.6 0.9 0.1 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 (0.3) 0 0 0 (2.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0.8 0 0 0 0 0 0 1 0 0 (0.1) 0.0 (0.4) 0.1 (0.0) (0.6) (0.4) (0.0) 0.0 (0.4) (0.7) 0.0 0.0 0.4 0.0 (0.0) (0.0) (0.4) (0.0) (0.0) (0.2) (0.0) (0.0) 0.0 8.3 (9.1) 0 0 (0.1) 1.5 0 0 (0.1) 0.0 0.0 (0.0) (0.0) (1.7) 0.2 (0.2) (15.2) 0.0 0.0 0.0
Investing Cash Flow (97.3) (46.2) (32.3) (78.7) (32.7) (27.5) (44.3) (62.3) (115.4) (14.9) (7.6) (10.9) (8.0) (9.9) (10.7) (11.0) (11.0) (12.4) (11.9) (13.4) (19.1) (13.7) (11.9) (9.5) (10.8) (10.0) (13.3) (9.1) (6.5) (6.1) (3.2) (8.2) (3.5) (9.1) (5.1) (6.1) (5.9) (6.1) (11.5) (9.0) (10.5) (8.0) (7.7) (10.5) (14.0) (8.9) (2.8) (3.8) (2.4) (32.0) (2.0) (0.7) (2.0) (1.6) (0.9) (2.9) (3.1) (7.4) (6.4) (6.4) (11.3) (0.6) (6.4) (19.5) 0.6 4.3 2.8 (0.8) (0.2) (1.1) (0.6) 0.7 (3.9) (11.8) (4.6) (15.5) (0.8) (0.7) (1.1)
Financing Activities
Net Debt Issuance 3,881.1 88.6 17.0 2,932.4 (137.3) (346.1) 78.9 451.9 1,352.2 219.6 (138.9) 105.6 14.5 (85.0) (335.6) 55.3 236.8 40.1 180.3 11.5 40.9 8.0 6.1 (4.4) 10.0 (0.1) (1.1) 1.1 (25.5) (31.1) (36.6) (72.5) 7.9 (2.6) 18.2 15.9 16.9 29.6 3.8 (0.4) (0.7) (0.7) 1.8 47.8 10.3 (0.7) (8.5) (0.7) 4.5 7.9 (0.7) (0.7) (0.7) (1.1) 5.1 (3.3) 1.0 4.0 3.0 0.0 9.5 0.0 (0.0) 18.1 (0.0) (0.0) (10.0) (0.1) (0.8) 0.7 (0.1) (0.1) (0.1) (1.1) (0.1) (7.3) (0.2) (0.2) (0.2)
Stock Repurchased 0 0 0 (200) 0 0 0 0 0 0 0 (3.5) (146.5) 0 0 (3.3) 0 0 0 (12.0) (43.1) (46.4) (28.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (18.5) 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 (0.2) 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Financing Activities (27.2) (27.4) (43.6) (205.7) (41.9) (41.5) (35.5) (197.3) (78.3) (15.6) (25.3) (3.1) 0.6 (6.8) (3.7) 4.4 (2.0) (2.7) (2.1) 4.5 7.5 4.0 3.0 2.8 17.5 (0.3) (0.6) (1.0) (1.1) (0.5) (1.1) (1.7) (1.0) (1.0) 1.8 1.3 2.7 3.3 2.6 0.3 10.6 1.4 0.9 2.3 12.5 11.3 5.2 5.0 16.0 2.8 2.5 0.4 0.7 0.4 (0.3) 0.8 6.0 1.7 0.6 (2.1) 5.4 0.3 0.4 1.3 3.5 2.5 0.9 0.1 0.2 1.5 0.3 (0.2) (1.9) 2.4 (0.1) 3.4 (0.7) (1.7) (0.7)
Financing Cash Flow 3,859.3 66.2 (18.7) 1,849.4 512.1 (387.3) 49.9 258.9 3,020.6 792.1 (159.9) 99.0 (131.5) (84.6) (331.2) 56.5 239.2 42.9 184.3 4.0 5.3 (34.4) (19.3) (1.6) 27.5 (0.4) (1.7) 0.1 (26.6) (31.7) (37.7) (74.3) 6.9 (3.5) 20.1 17.3 19.6 32.9 (12.0) (0.0) 9.9 0.7 2.6 50.1 22.8 10.5 (3.3) 4.3 20.5 10.6 1.8 (0.3) 0.0 (0.7) 4.7 (2.5) 6.9 5.7 3.6 (2.0) 14.9 0.4 0.4 19.4 3.5 2.5 (9.1) 0.0 (0.9) (0.7) 1.2 0.2 (0.9) 2.4 0.1 40.1 0.2 (1.9) (0.9)
Cash Position
Net Change in Cash (2,800.8) (5.5) (973.0) 2,635.2 1,106.1 (658.2) 419.0 (445.7) 1,389.8 182.5 102.7 77.7 58.2 66.3 (29.8) 20.0 0.0 (22.6) 37.8 54.4 (138.4) 15.5 89.6 (106.9) (4.8) 71.4 (9.5) 72.9 66.5 5.6 (3.2) (17.8) 6.7 (8.2) 26.9 2.8 (21.4) (18.0) (34.3) 4.6 6.2 59.0 15.9 (13.8) 26.0 (34.3) 20.6 (4.8) 11.8 (21.6) 18.4 (0.9) 5.6 30.1 (22.5) (8.0) (13.5) 10.1 22.3 1.8 (19.1) 3.7 10.9 5.9 (15.5) 8.7 3.3 7.6 2.4 (4.5) 13.3 10.1 (4.0) (4.9) (0.5) 30.0 (0.8) 4.6 0.5
Cash at Beginning 4,091.1 4,199.3 5,172.3 2,537.1 1,431.0 2,089.2 1,670.3 2,116.0 726.2 543.6 441.0 363.3 305.1 238.7 268.6 248.6 248.6 271.2 233.4 179.1 317.5 302.0 212.4 319.3 324.1 252.6 262.1 189.3 122.8 117.1 120.4 138.1 131.4 139.7 112.8 107.8 126.6 144.6 178.8 176.4 167.8 108.8 92.9 109.2 83.2 117.5 96.9 101.7 89.9 111.5 93.0 94.0 88.4 58.3 80.8 88.9 102.4 92.3 69.9 68.1 87.2 83.5 72.6 66.7 82.3 73.6 70.3 62.7 60.3 64.8 51.5 41.4 45.4 50.3 50.9 20.8 21.6 17.1 16.5
Cash at End 1,290.3 4,193.7 4,199.3 5,172.3 2,537.1 1,431.0 2,089.2 1,670.3 2,116.0 726.2 543.6 441.0 363.3 305.1 238.7 268.6 248.6 248.6 271.2 233.4 179.1 317.5 302.0 212.4 319.3 324.1 252.6 262.1 189.3 122.8 117.1 120.4 138.1 131.4 139.7 110.6 105.2 126.6 144.6 181.0 174.1 167.8 108.8 95.4 109.2 83.2 117.5 96.9 101.7 89.9 111.5 93.0 94.0 88.4 58.3 80.8 88.9 102.4 92.3 69.9 68.1 87.2 83.5 72.6 66.7 82.3 73.6 70.3 62.7 60.3 64.8 51.5 41.4 45.4 50.3 50.9 20.8 21.6 17.1
Free Cash Flow (6,695.7) (45.1) (949.8) 840.9 594.1 (267.3) 364.6 (655.8) (1,606.5) (609.8) 267.8 (17.5) 190.3 151.2 302.8 (36.2) (238.9) (65.6) (145.4) 50.2 (143.5) 49.5 108.7 (105.5) (32.2) 70.8 (7.8) 72.8 93.1 37.3 34.5 56.8 (1.4) (2.8) 6.9 (12.0) (41.2) (50.1) (22.5) 5.7 (3.3) 58.9 13.5 (64.2) 4.1 (44.0) 24.3 (9.7) (8.7) (31.9) 16.4 (0.6) 6.4 30.3 (27.5) (5.7) (21.3) 4.4 17.1 (4.6) (24.9) 3.0 9.7 (13.4) (20.8) 0.9 9.0 7.6 3.2 (3.8) 11.3 8.2 (1.7) (7.4) 3.4 5.0 (1.0) 6.5 1.4
Key Metrics 2026 Q3 2026 Q2 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
Income Statement
Revenue 10,243.0 12,682.5 5,017.8 5,756.9 4,599.9 5,678.0 5,937.3 5,354.6 5,937.3 5,354.6 2,119.7 2,184.9 1,283.3 1,803.2 1,852.1 1,635.5 1,355.5 1,172.4 1,032.7 1,069.0 895.9 830.3 762.2 896.1 772.4 870.9 799.8 854.2 743.5 931.5 971.1 981.7 835.1 827.0 716.7 672.9 614.8 663.2 528.8 524.3 513.5 641.2 539.1 573.6 471.2 503.0 443.3 428.1 373.8 356.4 309.0 322.3 278.0 291.5 270.7 275.9 240.2 249.9 247.9 260.3 234.3 240.8 207.2 201.7 189.3 182.0 148.5 123.5 109.5 128.6 144.1 148.9 136.8 136.9 117.9 110.9 105.7 113.6 90.2 82.9 83.0 68.3 68.3 52.9 52.9 52.9 52.9
Gross Profit 1,018.7 798.6 467.4 544.1 440.2 670.0 775.6 546.0 775.6 546.0 353.7 371.7 226.4 337.4 347.5 287.3 210.8 163.7 138.1 145.5 123.0 136.1 129.9 123.5 133.4 138.4 130.9 132.0 112.3 127.9 123.2 132.3 105.9 105.7 86.1 88.2 85.3 96.1 82.6 73.8 79.0 103.2 77.5 89.8 76.8 84.5 69.2 66.4 57.3 55.1 46.8 46.0 38.9 40.1 35.0 42.4 40.7 42.6 39.6 40.0 37.9 40.2 33.0 30.9 29.3 30.3 24.5 20.5 16.3 24.1 27.8 28.4 24.8 27.3 23.0 19.9 18.1 19.0 18.0 0 0 0 0 0 0 0 0
Operating Income 625.9 474.3 182.3 228.4 146.8 368.6 509.2 288.5 509.2 288.5 172.5 226.8 99.1 215.2 220.1 165.2 89.8 51.0 29.1 39.1 17.1 37.4 30.4 9.4 15.5 27.8 32.9 30.1 12.9 25.7 28.5 41.5 21.2 22.7 9.3 20.5 21.5 33.5 22.4 11.8 23.7 47.6 25.2 40.8 31.4 42.9 31.6 26.5 21.5 20.2 12.0 12.4 5.4 7.6 1.7 9.2 9.6 13.7 13.5 14.6 15.2 16.9 12.0 11.4 10.5 12.4 6.5 3.7 0.4 7.3 11.8 10.6 8.3 12.2 9.2 8.1 6.2 7.4 8.2 (192.0) 83.0 68.3 68.3 (147.4) 52.9 52.9 52.9
Net Income 483.4 400.6 168.3 195.2 108.8 320.6 424.3 297.2 424.3 297.2 157.0 193.6 85.8 176.2 184.4 140.8 77.0 41.9 25.4 39.2 18.4 27.7 26.6 18.4 15.8 23.7 26.3 23.7 10.6 18.2 19.3 26.3 14.6 (0.8) 6.1 14.7 15.3 22.9 15.4 7.0 16.0 33.2 17.4 26.7 23.1 31.2 20.9 16.5 16.6 13.3 7.7 8.4 7.0 4.9 0.9 5.5 7.1 8.8 8.5 10.7 10.7 11.6 7.2 7.7 7.7 7.6 3.9 2.4 1.2 5.3 7.2 6.8 5.0 7.7 5.8 5.5 4.1 5.0 4.8 5.0 5.0 3.5 3.5 1.8 1.8 1.8 1.8
EPS (Diluted) 0.72 0.60 0.26 0.31 0.17 0.50 0.17 0.51 0.67 0.55 0.28 0.34 0.15 0.31 0.34 0.26 0.14 0.08 0.05 0.07 0.04 0.05 0.05 0.03 0.03 0.05 0.05 0.05 0.02 0.04 0.04 0.05 0.03 -0.00 0.01 0.03 0.03 0.04 0.03 0.01 0.03 0.07 0.04 0.05 0.04 0.06 0.04 0.03 0.04 0.03 0.02 0.02 0.02 0.01 0.00 0.01 0.02 0.02 0.02 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.01 0.01 0.00 0.01 0.02 0.02 0.01 0.02 0.01 0.02 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Balance Sheet
Cash & Equivalents 1,290.3 4,091.1 4,196.9 5,169.9 2,536.1 1,430.0 2,088.7 1,669.8 2,115.5 725.7 543.2 440.5 362.8 304.6 238.3 267.4 247.4 247.4 270.0 232.3 177.9 315.6 300.1 210.5 300.9 309.0 239.3 248.2 169.7 109.8 105.8 115.4 113.2 107.8 128.8 146.7 181.0 176.4 169.9 110.9 95.4 109.2 83.2 117.5 96.9 101.7 89.9 111.5 93.0 94.0 88.4 58.3 80.8 88.9 102.4 92.3 69.9 68.1 87.2 83.5 72.6 66.7 82.3 73.6 70.3 62.7 60.3 64.8 51.5 41.4 45.4 50.3 50.9 20.8 21.6 17.1 16.5 11.2
Total Assets 23,452.0 28,001.6 14,386.0 14,018.4 10,738.5 9,728.3 10,851.4 9,826.1 8,862.8 5,405 4,096.0 3,674.7 3,192.6 3,074.9 3,301.3 3,205.1 3,071.2 2,676.6 2,426.7 2,242.0 1,998.8 1,894.1 1,816.7 1,918.6 1,960.2 1,807.0 1,701.3 1,682.6 1,607.3 1,736.1 1,739.1 1,769.5 1,488.6 1,404.5 1,349.9 1,220.6 1,165.6 1,181.1 1,192.6 1,082.0 1,089.8 961.0 935.0 828.3 796.3 750.5 708.7 635.8 632.3 608.1 583.6 566.5 589.1 548.1 500.0 488.2 464.6 461.9 449.0 403.6 370.8 343.8 337.8 296.4 283.1 267.8 271.6 286.5 264.4 253.7 258.2 226.0 205.6 166.8 168.6 160.0 131.0 89.7
Total Debt 6,754.4 4,909.7 4,805.8 4,778.8 2,505.5 1,915.9 2,269.4 2,183.4 1,871.6 384.6 154.7 290.3 207.0 191.2 271.9 620.6 573.2 340.0 303.6 119.1 107.4 69.7 60.9 53.8 58.7 36.3 36.3 23.6 22.7 48.2 79.3 116.2 161.4 145.5 127.2 98.2 93.6 93.8 94.2 94.8 94.4 46.5 35.8 37.5 46.3 46.6 42.3 34.7 35.2 36.0 37.1 38.1 32.8 36.1 34.7 30.6 28.2 28.2 18.6 18.6 18.7 0.1 0.1 0.1 10.1 10.2 10.3 10.4 10.5 10.5 10.5 11.6 11.7 19.0 19.2 19.3 19.5 13.1
Stockholders' Equity 7,575.4 6,992.0 6,523.4 6,301.7 6,379.3 6,238.3 5,876.8 5,417.2 5,094.0 3,076.9 2,165.4 1,972.0 1,768.4 1,818.7 1,625.0 1,425.6 1,273.7 1,186.7 1,132.6 1,096.2 1,053.8 1,064.0 1,072.6 1,065.5 1,038.2 1,001.4 971.7 941.0 913.0 898.1 875.1 843.5 800.0 776.9 752.2 723.0 721.2 708.8 678.0 644.7 618.9 585.6 545.1 498.3 469.1 442.4 405.6 385.8 373.5 362.0 351.3 342.3 338.4 328.9 311.5 298.6 287.3 269.6 248.7 234.6 224.7 212.4 198.2 185.9 178.6 174.7 171.7 163.3 151.9 143.4 134.0 121.9 115.9 64.5 58.7 52.9 47.8 29.1
Cash Flow
Operating Cash Flow (6,615.4) (23.9) (917.5) 863.6 626.8 (239.8) 408.9 (641.8) (1,513.5) (595.1) 270.5 (9.3) 198.2 161.1 313.6 (25.1) (227.9) (53.2) (134.6) 63.6 (124.4) 63.2 120.6 (96.0) (21.4) 81.6 5.6 81.9 99.6 43.4 37.7 65.0 3.2 4.4 11.8 (5.9) (35.3) (44.4) (10.8) 14.7 6.6 66.4 21.2 (53.7) 17.8 (35.7) 27.0 (5.9) (5.9) 0.1 18.3 0.0 8.0 32.2 (26.6) (2.6) (17.9) 11.8 25.1 10.2 (22.7) 4.0 16.9 6.0 (19.7) 1.9 9.7 8.4 3.5 (2.7) 12.7 9.2 0.8 4.5 4.0 5.4 (0.2) 7.2 2.6
Capital Expenditure (80.3) (21.2) (32.3) (22.7) (32.7) (27.5) (44.3) (14.0) (92.9) (14.7) (2.6) (8.2) (8.0) (9.9) (10.7) (11.0) (11.0) (12.4) (10.8) (13.4) (19.1) (13.7) (11.9) (9.5) (10.8) (10.8) (13.3) (9.1) (6.5) (6.1) (3.2) (8.2) (4.5) (7.1) (5.0) (6.1) (5.9) (5.7) (11.6) (9.0) (9.9) (7.6) (7.7) (10.5) (13.6) (8.3) (2.8) (3.8) (2.8) (32.0) (1.9) (0.7) (1.6) (1.9) (0.9) (3.2) (3.5) (10.2) (8.0) (14.8) (2.3) (1.0) (7.3) (19.4) (1.1) (1.0) (0.7) (0.8) (0.2) (1.1) (1.4) (1.0) (2.5) (12.0) (0.6) (0.4) (0.8) (0.7) (1.2)
Free Cash Flow (6,695.7) (45.1) (949.8) 840.9 594.1 (267.3) 364.6 (655.8) (1,606.5) (609.8) 267.8 (17.5) 190.3 151.2 302.8 (36.2) (238.9) (65.6) (145.4) 50.2 (143.5) 49.5 108.7 (105.5) (32.2) 70.8 (7.8) 72.8 93.1 37.3 34.5 56.8 (1.4) (2.8) 6.9 (12.0) (41.2) (50.1) (22.5) 5.7 (3.3) 58.9 13.5 (64.2) 4.1 (44.0) 24.3 (9.7) (8.7) (31.9) 16.4 (0.6) 6.4 30.3 (27.5) (5.7) (21.3) 4.4 17.1 (4.6) (24.9) 3.0 9.7 (13.4) (20.8) 0.9 9.0 7.6 3.2 (3.8) 11.3 8.2 (1.7) (7.4) 3.4 5.0 (1.0) 6.5 1.4