Steel Dynamics, Inc. logo STLD - Steel Dynamics, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 15
HOLD 11
SELL 1
STRONG
SELL
0
| PRICE TARGET: $209.40 DETAILS
HIGH: $270.00
LOW: $190.00
MEDIAN: $190.00
CONSENSUS: $209.40
DOWNSIDE: 12.76%
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 5,204.9 4,414.0 4,828.2 4,565.1 4,369.2 3,872.1 4,341.6 4,632.6 4,694.0 4,233.4 4,587.1 5,081.6 4,893.2 4,826.3 5,651.7 6,212.9 5,569.9 5,310.7 5,088.3 4,465.3 3,544.6 2,601.2 2,330.8 2,094.3 2,575.1 2,350.2 2,526.8 2,770.5 2,817.4 2,903.9 3,223.5 3,090.5 2,603.9 2,336.5 2,443.4 2,390.7 2,368.2 1,910.6 2,101.3 2,023.9 1,741.3 1,591.0 1,950.9 2,005.0 2,047.4 2,517.1 2,339.0 2,069.8 1,830.1 1,864.2 1,911.7 1,801.3 1,795.7 1,705.0 1,693.4 1,909.8 1,982.0 1,858.3 2,043.5 2,079.7 2,016.0 1,528.1 1,584.2 1,632.8 1,555.8 1,179.8 1,172.2 792.2 814.6 1,210.4 2,563.9 2,403.9 1,902.2 1,451.0 1,156.6 911.2 865.7 839.8 911.9 821.2 665.9 569.6 498.7 545.8 570.7 600.4 634.7 525.7 384.1 279.2 218.6 243.2 213.7 138.5 157.6 154.1 152.4 160.3 190.7 189.2
Cost of Revenue 4,441.6 3,892.0 4,070.3 3,946.7 3,882.7 3,430.4 3,736.4 3,857.8 3,713.2 3,502.5 3,635.0 3,774.8 3,837.1 3,838.7 4,187.3 4,329.5 3,787.4 3,548.8 3,487.7 3,265.6 2,744.3 2,159.0 2,038.0 1,809.9 2,159.9 2,033.8 2,167.0 2,349.3 2,383.9 2,382.7 2,537.5 2,438.4 2,140.5 2,015.7 2,046.9 1,998.2 1,896.1 1,600.7 1,692.8 1,643.5 1,505.3 1,446.8 1,722.2 1,833.3 1,860.4 2,225.5 2,050.5 1,847.0 1,666.8 1,666.2 1,714.5 1,653.6 1,619.4 1,524.9 1,537.0 1,727.7 1,780.8 1,698.2 1,844.2 1,803.3 1,720.2 1,394.5 1,444.6 1,440.8 1,345.3 1,025.6 955.5 723.3 855.3 1,251.3 2,118.7 1,924.3 1,554.9 1,196.8 928.1 694.7 649.3 610.7 667.1 624.7 506.4 429.7 393.5 434.6 441.9 449.9 406.5 382.5 307.7 239.5 186.7 170.7 160.7 127.4 131.4 117.0 114.2 113.6 127.3 133.3
Gross Profit 763.2 522.1 757.9 618.5 486.5 441.7 605.2 774.8 980.8 730.9 952.0 1,306.9 1,056.1 987.5 1,464.4 1,883.3 1,782.5 1,761.8 1,600.6 1,199.7 800.3 442.3 292.8 284.4 415.2 316.4 359.8 421.2 433.6 521.2 686.1 652.1 463.4 320.8 396.5 392.5 472.2 309.9 408.5 380.4 236.0 144.2 228.7 171.7 187.0 291.6 288.5 222.8 163.3 198.0 197.2 147.7 176.3 180.1 156.4 182.1 201.3 160.1 199.2 276.4 295.8 133.7 139.5 192.0 210.5 154.2 216.7 68.8 (40.6) (40.9) 445.2 479.7 347.3 254.3 228.5 216.6 216.4 229.1 244.8 196.6 159.5 140.0 105.2 111.2 128.8 150.4 228.3 143.2 76.5 39.7 31.9 72.5 53.0 11.1 26.2 37.1 38.2 46.6 63.4 55.9
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 175.2 211.8 200.8 198.0 181.8 176.9 167.7 160.0 159.5 157.2 145.9 141.2 144.3 142.6 132.6 118.4 152.0 182.3 157.5 154.4 149.8 137.0 118.2 109.3 112.9 112.0 107.2 106.2 111.0 106.6 102.6 101.0 106.4 96.2 97.1 98.4 102.9 94.1 95.2 96.9 87.5 86.2 82.6 82.7 76.3 92.5 80.2 73.5 70.0 74.6 67.6 65.4 65.3 49.1 63.0 61.2 64.4 68.0 80.3 78.1 80.3 62.9 59.2 63.8 66.6 60.6 56.6 48.6 57.3 (27.9) 103.5 112.7 83.8 76.0 54.5 48.9 44.1 53.9 46.2 42.4 28.4 26.1 23.4 20.1 22.5 10.5 35.0 28.1 17.9 17.7 14.7 13.2 19.8 13.3 18.2 13.8 12.3 12.2 14.9 13.8
Other Expenses 0 0 49.3 37.6 29.6 27.3 42.1 55.7 70.3 55.1 72.6 101.9 76.5 85.9 112.0 146.9 135.6 150.4 121.1 89.6 56.3 46.5 18.7 16.3 28.6 22.5 24.6 29.9 30.7 49.1 51.9 49.2 33.6 28.7 28.4 28.7 34.7 159.8 29.5 27.4 16.5 439.1 15.0 11.5 10.9 280.3 19.6 17.4 12.3 15.6 16.4 13.1 14.8 36.1 20.7 17.2 17.1 9.6 10.2 10.1 10.1 24.0 11.3 11.6 11.6 15.2 11.7 14.0 15.7 77.9 10.8 8.1 11.5 0 0 0 1.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.7 11.6 11.2 10.9 11.5 11.9
Operating Expenses 175.2 211.8 250.1 235.6 211.4 204.2 209.8 215.7 229.8 212.3 218.5 243.1 220.8 228.5 244.6 265.3 287.6 332.7 278.6 244.0 206.1 183.5 137.0 125.6 141.5 134.4 131.8 136.1 141.7 155.7 154.5 150.2 140.0 124.9 125.5 127.2 137.6 253.9 124.6 124.3 104.1 525.4 97.7 94.2 87.3 372.8 99.9 90.9 82.4 90.2 83.9 78.5 80.0 85.2 83.7 78.4 81.4 77.6 90.5 88.2 90.4 86.8 70.5 75.3 78.2 75.8 68.2 62.6 73.0 50.0 114.3 120.8 95.4 76.0 54.5 48.9 45.1 53.9 46.2 42.4 28.4 26.1 23.4 20.1 22.5 10.5 35.0 28.1 17.9 17.7 14.7 13.2 19.8 13.3 18.9 25.4 23.6 23.1 26.4 25.8
Operating Income
Operating Income 588.0 310.2 507.8 382.9 275.1 237.5 395.4 559.1 751.0 518.5 733.5 1,063.7 835.4 759.0 1,219.8 1,618.1 1,494.9 1,429.1 1,322.0 955.7 594.2 258.8 155.9 158.8 273.7 182.0 228.0 285.0 291.8 365.6 531.6 501.9 323.4 195.9 271.0 265.4 334.6 56.0 283.9 256.1 132.0 (381.1) 131.0 77.6 99.8 (81.2) 188.6 131.9 80.9 107.8 113.3 69.2 96.2 94.9 72.7 103.7 119.8 82.5 108.8 188.2 205.3 46.8 69 116.6 132.3 78.4 148.4 6.3 (113.6) (91.0) 336.2 358.1 251.9 178.3 173.9 167.7 171.3 175.3 198.6 154.1 131.1 113.9 81.9 91.1 106.3 140.0 193.3 115.1 58.5 22.0 17.2 59.3 33.3 (2.3) 7.3 11.8 14.7 23.6 37.0 30.2
Interest Expense 33.2 27.0 13.6 17.4 12.1 14.6 17.1 12.7 12.0 14.8 18.4 20.8 22.5 23.9 25.3 25.7 16.7 12.3 12.7 14.9 17.3 20.2 18.9 27.7 28.0 32.3 31.3 32.3 31.1 31.7 31.6 31.5 31.9 32.4 34.2 33.9 34.0 36.1 36.2 36.6 37.0 36.6 37.1 37.2 43.1 44.7 31.9 30.1 30.6 30.7 31.0 31.5 34.6 34.9 41.5 41.1 41.1 44.1 44.7 44.8 43.3 45.0 44.3 43.4 37.5 33.5 34.5 37.0 36.3 144.6 37.4 35.5 29.8 55.4 14.6 7.2 7.2 32.1 7.4 8.0 8.1 34.3 0 0 0 38.9 10.5 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 4.6 0 0 0 4.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 747.3 483.8 665.9 538.1 426.5 384.1 546.1 694.9 893.0 668.8 880.4 1,206.1 978.0 884.5 1,332.5 1,717.8 1,561.9 1,507.5 1,402.7 1,032.7 671.0 326.1 234.1 209.5 356.5 262.9 312.1 370.2 378.4 453.5 620.1 586.0 404.0 268.7 343.7 343.0 413.3 112.1 353.7 332.7 207.7 (308.0) 205.0 153.0 156.4 1.6 232.5 192.1 139.1 166.6 173.3 127.3 154.3 154.0 107.7 161.1 165.1 140.8 168.3 250.2 264.6 108.7 132.5 175.6 191.7 134.6 202.5 63.3 (55.9) (5.2) 394.6 423.4 305.1 220.3 207.8 200.6 200.6 202.8 228.4 186.8 156.0 137.3 106.9 112.7 128.2 160.6 215.0 138.7 77.3 26.7 33.9 74.9 47.5 8.9 20.3 34.9 25.9 34.4 48.5 42.1
EBIT 588.0 337.6 527.4 405.2 292.8 258.5 425.1 577.8 777.8 557.0 773.0 1,095.1 870.3 782.3 1,233.8 1,622.1 1,474.4 1,421.2 1,315.3 945.7 584.1 241.0 152.3 130.7 276.3 182.4 232.6 289.3 298.2 372.9 538.7 506.9 327.9 193.7 268.5 269.2 338.2 39.0 279.5 257.9 133.8 (381.3) 130.8 78.8 83.6 (79.7) 166.6 133.7 81.6 107.7 115.1 70.4 97.3 98.8 48.7 105.6 109.6 85.1 112.3 194.0 209.9 52.9 75.2 120.2 135.4 79.9 150.6 5.5 (112.9) (57.8) 339.3 375.8 251.9 178.3 173.9 167.7 171.3 175.3 198.6 154.1 131.1 113.9 81.9 91.1 106.3 140.0 193.3 115.1 58.5 8.0 17.2 59.3 33.3 (2.3) 8.0 23.3 14.7 23.6 37.0 30.2
Income Before Tax 662.8 310.6 513.8 387.9 280.7 244.0 408.0 565.1 765.8 542.2 754.6 1,074.3 847.8 758.5 1,208.5 1,596.4 1,457.7 1,408.8 1,302.6 930.8 566.9 220.8 133.4 103.0 248.3 150.1 201.3 257.0 267.1 341.3 507.1 475.4 296.0 161.4 234.3 235.3 304.3 2.8 243.3 221.3 96.7 (417.9) 93.7 41.6 40.5 (124.5) 134.7 103.6 51.0 77.0 84.2 39.0 62.6 63.9 7.2 64.5 68.5 41.0 67.6 149.2 166.5 8.0 30.9 76.7 97.9 46.3 116.1 (31.5) (149.1) (132.7) 307.1 339.5 229.9 156.6 159.9 148.9 164.8 168.4 192.1 147.4 123.7 105.6 73.8 82.4 98.8 133.0 183.2 107.7 51.1 26.8 8.7 49.2 28.4 (8.6) 3.2 7.1 10.0 18.4 30.7 25.4
Income Tax Expense 262.7 46.1 109.9 86.7 63.0 34.1 87.1 133.4 178.3 115.2 174.8 258.1 203.5 119.4 290.0 381.8 350.4 313.2 302.4 218.6 128.1 23.9 29.1 24.3 57.4 26.3 48.6 60.2 62.2 71.4 109.2 112.8 70.5 (141.8) 83.3 82.4 105.6 (1.0) 88.9 80.9 35.4 (161.6) 34.8 16.3 13.5 (28.4) 47.0 37.3 17.3 29.1 33.1 15.7 21.4 8.8 1.1 25.2 26.7 15.2 27.7 53.3 62.3 3.9 15.6 29.9 34.5 19.8 47.4 (15.0) (59.3) (50.0) 114.1 129.0 87.4 58.7 59.3 55.0 62.6 63.3 73.4 50.5 47.6 40.7 28.4 31.7 38.0 50.5 69.6 40.4 19.2 10.1 3.3 18.4 10.6 (3.3) 1.2 2.7 2.9 6.0 11.6 10.2
Net Income 403.4 266.0 403.7 298.7 217.2 207.3 317.8 428.0 584.0 424.3 577.2 812.1 637.3 634.9 914.3 1,209.6 1,103.9 1,090.5 990.8 702.3 430.5 187.8 100.1 75.5 187.3 121.4 151.0 194.3 204.3 270.0 398.4 362.4 227.6 304.7 153.3 153.9 200.8 20.0 157.4 142.0 62.7 (253.2) 60.6 31.6 30.8 (45.0) 91.2 72.3 38.6 54.7 57.5 29.0 48.2 60.6 12.8 44.5 45.7 30.2 43.3 98.7 105.9 7.8 18.7 49.2 65.0 26.7 69.0 (16.0) (87.9) (82.7) 193.0 210.5 142.6 97.9 100.6 93.9 102.2 105.1 118.7 96.9 76.0 64.9 45.4 50.7 60.8 82.4 113.6 67.3 32.0 16.7 5.4 29.4 17.7 (5.3) 2.0 4.4 7.1 12.4 19.1 15.2
Per Share Data
EPS (Basic) 2.79 1.83 2.75 2.00 1.45 1.36 2.06 2.73 3.68 2.63 3.49 4.83 3.71 3.63 5.07 6.49 5.74 5.53 4.89 3.35 2.04 0.89 0.48 0.36 0.88 0.56 0.69 0.88 0.91 1.18 1.70 1.54 0.96 1.28 0.64 0.64 0.83 0.08 0.65 0.58 0.26 -1.05 0.25 0.13 0.13 -0.19 0.38 0.32 0.17 0.25 0.26 0.13 0.22 0.28 0.06 0.20 0.21 0.14 0.20 0.45 0.49 0.04 0.09 0.23 0.30 0.12 0.32 -0.08 -0.48 -0.45 0.99 1.11 0.75 0.52 0.56 0.51 0.53 0.55 0.60 0.50 0.44 0.37 0.26 0.28 0.32 0.43 0.57 0.34 0.16 0.09 0.03 0.15 0.09 -0.03 0.01 0.03 0.04 0.07 0.10 0.08
EPS (Diluted) 2.78 1.82 2.74 2.00 1.44 1.36 2.05 2.72 3.67 2.61 3.47 4.81 3.70 3.61 5.03 6.44 5.71 5.49 4.85 3.32 2.03 0.89 0.47 0.36 0.88 0.56 0.69 0.87 0.91 1.17 1.69 1.53 0.96 1.28 0.64 0.63 0.82 0.08 0.64 0.58 0.26 -1.04 0.25 0.13 0.13 -0.19 0.38 0.31 0.17 0.24 0.25 0.13 0.21 0.27 0.06 0.20 0.20 0.14 0.19 0.43 0.46 0.04 0.09 0.22 0.29 0.12 0.30 -0.08 -0.48 -0.45 0.98 1.05 0.72 0.52 0.53 0.48 0.50 0.55 0.54 0.45 0.38 0.37 0.23 0.25 0.28 0.43 0.50 0.30 0.14 0.09 0.03 0.15 0.09 -0.03 0.01 0.03 0.04 0.07 0.10 0.08
Shares Outstanding 144.8 145.6 146.9 149.3 150.3 152.1 154.1 156.9 158.7 161.4 165.2 168.0 171.6 174.7 180.3 186.4 192.2 197.3 202.4 209.6 211.0 210.6 210.4 210.3 213.3 215.1 217.9 221.5 224.1 229.2 234.2 235.6 236.6 237.2 239.1 241.3 242.9 243.7 243.8 243.7 243.2 241.1 242.1 241.9 241.5 240.9 240.1 226.2 223.0 222.3 220.9 220.5 220.0 219.3 219.2 219.1 219.0 218.7 218.7 218.5 218.0 217.2 216.9 216.6 216.3 215.7 215.2 189.8 182 181.8 195.3 190.4 189.0 186.3 179.5 186.9 192.6 185.1 199.4 192.9 174.1 172.5 172.6 178.0 190.8 190.8 198.4 197.4 195.8 193.1 190.6 190.2 189.7 183.0 182.6 182.0 182.0 184.9 190.3 192.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 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 1995 Q4
Current Assets
Cash & Cash Equivalents 556.5 769.9 770.4 458.0 1,186.9 589.5 1,015.2 830.0 1,039.4 1,400.9 1,765.5 1,475.4 1,604.9 1,628.4 1,420.5 1,007.1 1,189.5 1,243.9 1,095.7 1,113.7 1,245.2 1,368.6 1,267.6 1,496.5 1,235.5 1,381.5 1,146.0 972.6 791.4 828.2 884.3 720.4 985.8 1,028.6 1,102.0 908.8 966.8 841.5 1,051.5 1,052.7 977.0 191.6 225.5 9.0 18.2 16.1 10.8 38.4 58.3 65.4 11.9 3.2 24.2 24.2 14.8 18.2 5.5 10.2 4.6 9.7 16.2 16.6 7.1 2.5 10.9 5.2 4 10.2 5.1 8.6 15.1 22.3 48.2 57.5 6.9
Short-Term Investments 0 0 0 39.6 19.6 147.8 645.3 418.4 653.3 721.2 500.8 611.7 714.8 628.2 583.2 351.0 0 0 0 0 0 0 0 69.5 219.2 262.2 69.5 114.2 173.7 228.8 115 90 40 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 2,056.4 1,682.7 1,762.0 1,701.0 1,720.8 1,417.2 1,565.0 1,775.4 1,739.1 1,608.3 1,882.0 2,143.0 2,127.0 2,056.1 2,334.0 2,660.7 2,363.7 1,916.4 1,892.8 1,571.0 1,366.5 971.9 918.8 844.1 998.4 844.3 986.9 1,072.9 1,143.4 1,043.8 1,228.2 1,180.2 987.7 868.8 923.0 886.9 883.1 729.8 779.5 794.0 689.2 577.4 615.6 563.6 340.4 335.7 446.1 171.0 164.6 126.0 86.7 121.9 118.5 92.7 97.5 104.2 105.5 103.0 109.4 115.5 103.9 86.6 83.4 75.4 65.8 65.9 66.9 46.5 45.8 44.7 42.1 37 41.3 32.5 0.1
Inventory 3,908.1 3,738.5 3,195.7 3,260.9 3,099.1 3,113.7 3,044.9 3,073.6 3,027.1 2,894.6 2,941.6 3,044.0 2,988.9 3,130.0 3,376.5 3,647.1 3,516.8 3,531.1 2,895.0 2,481.8 2,217.5 1,843.5 1,609.2 1,567.0 1,644.5 1,689.0 1,767.0 1,802.8 1,867.7 1,859.2 1,853.9 1,787.1 1,600.1 1,519.3 1,487.5 1,418.7 1,361.5 1,275.2 1,275.6 1,175.7 1,066.8 1,017.9 900.9 852.8 738.5 833.1 744.5 280.2 236.0 184.5 173.4 167.7 153.2 135.5 114.2 113.7 114.5 106.7 127.0 131.7 118.9 106.7 114.8 115.2 119.1 126.7 116.3 92.8 65.8 60.2 53.8 56.8 46.5 65.9 13.6
Other Current Assets 274.1 293.1 351.4 231.1 190.3 163.1 173.2 141.6 138.6 162.8 138.6 122.0 127.0 195.4 99.2 90.1 79.6 209.6 104.1 98.5 67.7 74.4 59.2 39.0 45.4 76.0 50.8 61.2 52.6 72.7 50.1 39.9 38.7 91.5 59.6 37.2 33.4 83.2 30.1 28.1 41.3 123.3 192.7 31.3 204.4 182.0 88.7 58.8 60.3 32.0 41.6 12.9 15.0 9.4 22.0 31.2 16.2 22.7 20.6 10.1 12.8 15.9 28 19.9 24.5 24.9 16.8 24.3 23.2 21.8 19.6 1.2 1 1.5 1.6
Total Current Assets 6,795.2 6,484.2 6,079.4 5,690.6 6,216.7 5,431.3 6,443.6 6,239.0 6,597.4 6,787.8 7,228.6 7,396.1 7,562.6 7,638.0 7,813.4 7,756.0 7,149.6 6,901.0 5,987.6 5,265.1 4,896.9 4,258.4 3,854.9 4,016.1 4,143.0 4,253.0 4,020.3 4,023.6 4,028.9 4,032.7 4,131.5 3,817.7 3,652.2 3,508.3 3,572.1 3,251.7 3,245.0 2,929.7 3,136.6 3,050.5 2,774.2 1,910.1 1,934.8 1,456.8 1,301.5 1,366.8 1,290.1 548.4 487.9 407.9 313.6 305.8 310.9 261.7 248.5 267.2 241.7 242.6 261.6 266.9 251.8 225.8 233.3 213 220.3 222.7 204 173.8 139.9 135.3 130.6 117.3 137 157.4 22.2
Non-Current Assets
Property, Plant & Equipment 8,549.9 8,569.5 8,493.5 8,465.5 8,322.7 8,118.0 7,825.9 7,433.6 7,064.0 6,734.2 6,313.4 5,783.6 5,491.2 5,373.7 5,146.6 4,886.6 4,828.0 4,751.4 4,654.2 4,526.9 4,340.4 4,105.6 3,862.4 3,587.4 3,327.6 3,135.9 3,031.7 2,947.2 2,936.9 2,945.8 2,901.7 2,909.0 2,657.9 2,675.9 2,708.8 2,729.7 2,760.5 2,787.2 2,928.2 2,885.8 2,914.2 2,237.9 2,240.4 2,254.1 2,144.4 2,108.7 1,358.2 1,018.0 1,007.1 1,001.1 959.2 951.4 929.3 935.7 824.5 808.7 806.3 807.3 794.9 774.6 760.3 742.8 727.1 713.9 695.7 655.9 620.8 582.5 531.9 491.9 454.4 410.3 380.4 339.3 274.2
Goodwill 477.5 477.5 477.5 477.5 477.5 477.5 477.5 477.5 477.5 477.5 477.5 477.5 502.1 502.1 451.6 452.3 453.1 453.8 454.7 455.5 456.4 457.2 474.5 451.2 452.1 452.9 540.9 526.5 530.7 429.6 502.9 508.3 386.0 386.9 388.5 390.1 391.7 393.4 399.9 394.3 395.9 753.4 756.6 758.3 780.3 812.2 200.6 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
Intangible Assets 323.5 331.3 206.5 213.4 220.3 227.2 234.8 242.4 250.1 257.8 265.8 274.0 260.6 267.5 276.6 281.0 288.2 295.3 302.5 309.7 317.1 324.6 306.6 313.5 320.7 327.9 249.6 256.3 263.3 270.3 236.6 243.2 250.0 256.9 263.4 269.1 276.6 284.0 291.8 265.5 272.5 511.0 522.2 533.5 557.2 551.5 198.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 5.3 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 0 0 0 0 0 0 0 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 574.2 550.5 702.8 701.7 693.3 681.2 678.1 668.8 637.8 651.1 643.7 620.2 403.3 378.7 359.5 335.3 337.8 129.6 137.0 130.1 117.1 119.7 119.2 100.0 101.6 106.0 100.7 104.3 97.4 25.2 25.8 26.4 26.6 27.7 27.9 29.5 30.2 29.5 31.0 33.6 34.8 133.4 128.1 127.2 98.4 87.0 47.6 37.5 39.8 39.4 38.2 38.8 35.5 34.6 15.4 16.8 17.0 17.1 19.2 20.9 24.1 23 26.4 27.6 30 28.9 31.3 30.9 29.9 13.7 13.5 25 25.4 25.6 24.3
Total Non-Current Assets 9,925.0 9,928.7 9,885.6 9,858.0 9,713.7 9,503.9 9,216.2 8,822.2 8,429.3 8,120.6 7,700.4 7,155.3 6,657.2 6,522.0 6,234.3 5,955.2 5,907.0 5,630.2 5,548.4 5,422.2 5,231.0 5,007.1 4,762.7 4,452.2 4,202.0 4,022.7 3,922.9 3,834.3 3,828.3 3,670.9 3,666.9 3,686.9 3,320.6 3,347.4 3,388.6 3,418.5 3,459.1 3,494.1 3,650.9 3,579.2 3,617.4 3,635.7 3,647.4 3,673.1 3,580.3 3,559.3 1,805.2 1,055.5 1,046.8 1,040.5 997.5 990.2 964.8 970.4 839.9 825.6 823.3 824.5 814.1 795.6 784.4 765.8 753.5 741.5 725.7 684.8 652.1 613.4 561.8 505.6 467.9 435.3 405.8 364.9 298.5
Total Assets 16,720.2 16,412.9 15,965.0 15,548.6 15,930.4 14,935.2 15,659.8 15,061.3 15,026.8 14,908.4 14,929.0 14,551.4 14,219.8 14,160.0 14,047.7 13,711.2 13,056.6 12,531.2 11,536.0 10,687.3 10,127.9 9,265.6 8,617.6 8,468.3 8,344.9 8,275.8 7,943.2 7,857.9 7,857.2 7,703.6 7,798.4 7,504.5 6,972.8 6,855.7 6,960.7 6,670.1 6,704.0 6,423.7 6,787.6 6,629.7 6,391.6 5,545.8 5,582.1 5,129.9 4,881.8 4,926.1 3,095.3 1,604.0 1,534.8 1,448.4 1,311.1 1,296.0 1,275.7 1,232.0 1,088.5 1,092.8 1,065.0 1,067.1 1,075.7 1,062.5 1,036.2 991.6 986.8 954.5 946 907.5 856.1 787.2 701.7 640.9 598.5 552.6 542.8 522.3 320.7
Current Liabilities
Account Payables 1,379.5 1,231.4 1,214.8 1,227.2 1,257.7 979.9 1,079.8 1,213.4 1,183.6 1,088.3 1,060.2 1,048.6 1,139.0 1,017.2 1,165.1 1,380.8 1,213.6 1,280.6 1,220.4 1,183.6 1,134.7 769.5 715.7 701.9 612.2 513.3 528.6 525.2 591.5 550.8 611.0 675.8 562.6 489.4 528.7 484.0 531.0 395.2 437.8 461.3 413.6 363.3 390.3 262.3 227.4 243.9 325.6 121.0 128.6 79.3 61.9 62.3 46.2 58.0 43.5 43.4 38.1 28.0 29.6 36.8 55.7 37.6 34.3 41.6 49.3 34.5 56.5 53.2 53.1 54.7 35.7 38.4 44.3 41.2 27.9
Short-Term Debt 22.1 34.7 1.4 1.5 418.9 427.0 882.0 815.6 425.7 460.0 86.1 56.9 46.5 57.3 23.0 37.1 68.4 97.2 55.1 93.5 81.2 86.9 82.2 73.9 70.1 89.4 82.2 72.1 81.0 24.2 14.8 18.3 9.6 28.8 182.7 20.0 3.0 3.6 16.2 18.0 22.8 6.3 6.3 168.2 115.0 65.5 152.7 5 16.1 16.0 13.8 12.9 11.9 27.6 93.7 15.3 7.7 17.0 19.0 15.5 9.6 8 6.5 7.7 7 6.9 6.8 6.4 6.3 6.1 6.1 5.9 29 11.2 2.1
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 633.9 788.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 43.3 37.2 0 31.7 0 0 0 0 0 0 0 0 0 0 31.7 29.1 28.1 29.7 25 23.9 18.4 17.8 19.2 18.1 15.1 11.8 15.7 14.9 12.4 10.3 9.2 6.7
Total Current Liabilities 2,170.7 2,122.3 1,956.7 1,819.1 2,266.5 2,150.6 2,692.3 2,656.0 2,298.7 2,332.3 1,918.4 1,759.0 1,820.5 2,032.3 2,131.4 2,201.9 2,090.6 2,227.4 2,054.3 1,852.2 1,661.2 1,258.8 1,175.6 1,115.4 1,031.7 1,006.7 1,005.3 925.7 1,003.1 1,019.1 1,049.7 1,058.6 860.7 868.5 1,066.5 795.9 881.4 712.8 794.1 779.2 673.0 554.3 640.0 595.6 488.4 729.6 672.8 198.5 198.4 153.3 123.4 119.3 113.5 132.6 170.5 89.3 77.4 76.7 77.7 80.4 95.0 70.6 64.7 67.7 74.1 60.6 81.4 74.7 71.2 76.5 56.7 56.7 83.6 61.6 36.7
Non-Current Liabilities
Long-Term Debt 4,178.7 4,176.5 3,781.0 3,779.6 3,777.1 2,804.0 2,801.9 2,212.8 2,612.2 2,611.1 3,009.0 3,010.8 3,014.4 3,013.2 3,012.1 3,011.1 3,010.1 3,008.7 3,019.2 3,016.5 3,016.2 3,015.8 2,636.6 2,636.7 2,646.0 2,645.0 2,355.2 2,355.9 2,354.4 2,352.5 2,352.0 2,352.1 2,353.7 2,353.1 2,351.5 2,354.3 2,353.7 2,353.2 2,570.8 2,573.2 2,575.5 2,401.7 2,399.9 2,054.6 2,029.9 2,218.0 1,048.8 563.3 587.8 591.6 536.5 539.1 543.5 522.2 440.5 525.1 512.2 515.5 536.6 531.6 497.7 498 509.3 492.8 497.5 477 407.6 346.6 253.3 213.4 197.5 199.5 177.4 196.2 221
Deferred Tax Liabilities 1,043.0 997.4 1,105.1 957.6 918.4 902.2 943.2 928.3 923.7 944.8 961.1 941.5 898.1 889.1 856.6 853.4 856.8 854.9 722.2 652.1 602.2 536.3 512.5 503.0 489.2 484.2 468.2 457.8 447.1 435.8 398.8 375.7 314.7 305.9 461.4 459.6 454.4 448.4 450.2 433.1 416.3 430.6 423.4 416.5 372.0 373.7 292.8 137.6 117.4 115.7 82.8 76.0 70.3 58.4 49.8 50.7 51.3 52.0 45.1 34.2 32.0 29.8 35.7 27.6 20.3 18.8 8.2 11.9 16.2 13.4 14.2 1.5 2.5 0 0
Other Non-Current Liabilities 194.4 186.2 151.8 148.4 134.5 133.2 143.2 144.0 144.3 180.8 182.2 175.1 180.3 129.5 112.3 95.9 120.9 120.1 117.4 136.2 113.1 106.5 94.0 73.2 72.0 75.1 70.1 70.2 63.2 8.9 11.8 18.3 20.3 21.8 20.3 20.8 19.7 20.6 20.8 19.5 19.3 61.6 61.0 60.0 67.1 65.8 0 0 0 0 22.0 22.0 22.0 22.0 0 0 0 0 0 0 0 0 (0.1) 0.1 0 0 15.1 15.8 16.8 0 0 (0.1) 0 (0.1) 0
Total Non-Current Liabilities 5,416.1 5,360.2 5,038.0 4,885.5 4,830.1 3,839.4 3,888.2 3,285.1 3,680.3 3,736.6 4,152.3 4,127.4 4,092.8 4,031.9 3,981.1 3,960.5 3,987.8 3,983.7 3,858.8 3,804.7 3,731.5 3,658.5 3,243.1 3,213.0 3,207.3 3,204.2 2,893.6 2,883.9 2,864.7 2,797.2 2,762.6 2,746.2 2,688.7 2,680.9 2,833.2 2,834.8 2,827.9 2,822.2 3,041.7 3,025.8 3,011.1 2,893.9 2,884.2 2,531.0 2,468.9 2,657.5 1,341.6 700.9 705.2 707.3 641.3 637.1 635.9 602.5 490.3 575.8 563.6 567.5 581.7 565.8 529.7 527.8 544.9 520.5 517.8 495.8 430.9 374.3 286.3 226.8 211.7 200.9 179.9 196.1 221
Total Liabilities 7,586.8 7,482.4 6,994.7 6,704.6 7,096.5 5,990.0 6,580.5 5,941.0 5,979.0 6,068.9 6,070.7 5,886.4 5,913.3 6,064.2 6,112.5 6,162.3 6,078.5 6,211.1 5,913.1 5,657.0 5,392.7 4,917.3 4,418.8 4,328.4 4,239.0 4,210.9 3,898.9 3,809.6 3,867.8 3,816.3 3,812.3 3,804.8 3,549.4 3,549.4 3,899.7 3,630.6 3,709.3 3,535.0 3,835.9 3,805.1 3,684.1 3,448.2 3,524.2 3,126.6 2,957.3 3,387.1 2,014.4 899.5 903.5 860.6 764.7 756.3 749.4 735.1 660.7 665.0 641.0 644.2 659.4 646.2 624.7 598.4 609.6 588.2 591.9 556.4 512.3 449 357.5 303.3 268.4 257.6 263.5 257.7 257.7
Stockholders' Equity
Common Stock 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 16,015.8 15,689.0 15,495.6 15,165.1 14,940.4 14,798.1 14,660.4 14,413.1 14,056.9 13,545.6 13,189.5 12,681.9 11,940.6 11,375.8 10,799.9 9,945.7 8,800.9 7,761.4 6,721.7 5,783.2 5,134.4 4,759.0 4,624.0 4,576.6 4,553.9 4,419.3 4,349.5 4,250.4 4,109.0 3,958.3 3,730.7 3,376.2 3,057.9 2,874.7 2,606.8 2,490.4 2,373.7 2,210.5 2,225.0 2,101.7 1,993.9 1,827.2 1,794.2 1,745.5 1,682.2 1,714.3 1,348.6 356.5 289.2 257.3 231.3 225.9 210.1 180.7 137.5 135.4 133.5 129.1 122.0 109.6 90.5 75.3 61.5 51 38.8 35.9 27.8 19.3 11.8 4.2 (4.2) (9.6) (25.2) (39.8) (29.9)
Accumulated Other Comprehensive Income (0.9) (0.6) (1.3) 1.2 0 0 (0.4) (1.4) (0.0) 0.4 (0.5) 1.0 1.8 0.9 (2.7) (5.0) 9.3 (2.1) 10.6 32.3 5.7 1.9 0.1 0.2 0.0 (0.0) 0.0 0.1 0.1 0.3 (0.0) (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.1) 0 (2.4) (3.2) (4.2) (6.1) (6.8) (7.1) (7.1) (6.2) (3.4) (4.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 9,164.9 8,957.2 8,995.1 8,864.1 8,824.7 8,934.3 9,081.5 9,130.8 9,072.4 8,866.7 8,893.5 8,708.0 8,336.6 8,130.4 7,971.2 7,588.3 6,964.4 6,304.6 5,607.9 5,020.1 4,728.8 4,345.2 4,201.2 4,145.2 4,113.5 4,075.8 4,056.6 4,064.5 4,008.1 3,935.1 4,033.8 3,747.0 3,470.7 3,351.6 3,104.7 3,080.9 3,035.2 2,927.0 2,965.9 2,835.8 2,717.2 2,084.0 2,044.5 1,988.3 1,910.5 1,538.9 1,080.0 702.7 630.0 587.2 545.4 538.6 521.7 492.1 422.8 423.1 419.5 418.8 412.6 412.3 406.8 391.4 377.2 366.3 354.1 351.1 343.8 338.2 344.2 337.6 330.1 295 279.3 264.6 63
Total Liabilities & Equity 16,751.7 16,412.9 15,965.0 15,548.6 15,930.4 14,935.2 15,659.8 15,061.3 15,026.8 14,908.4 14,929.0 14,551.4 14,219.8 14,160.0 14,047.7 13,711.2 13,056.6 12,531.2 11,536.0 10,687.3 10,127.9 9,265.6 8,617.6 8,468.3 8,344.9 8,275.8 7,943.2 7,857.9 7,857.2 7,703.6 7,798.4 7,504.5 6,972.8 6,855.7 6,960.7 6,670.1 6,704.0 6,423.7 6,787.6 6,629.7 6,391.6 5,545.8 5,582.1 5,129.9 4,881.8 4,926.1 3,095.3 1,604.0 1,534.8 1,448.4 1,311.1 1,296.0 1,275.7 1,232.0 1,088.5 1,092.8 1,065.0 1,067.1 1,075.7 1,062.5 1,036.2 991.6 986.8 954.5 946 907.5 856.1 787.2 701.7 640.9 598.5 552.6 542.8 522.3 320.7
Debt Metrics
Total Debt 4,200.8 4,211.2 3,782.5 3,781.0 4,196.1 3,231.0 3,683.9 3,028.4 3,037.9 3,071.1 3,095.1 3,067.7 3,060.8 3,070.6 3,035.1 3,048.2 3,078.5 3,105.9 3,074.2 3,110.0 3,097.4 3,102.7 2,718.8 2,710.6 2,716.1 2,734.3 2,437.4 2,428.0 2,435.4 2,376.7 2,366.8 2,370.4 2,363.3 2,381.9 2,534.1 2,374.3 2,356.7 2,356.8 2,587.0 2,591.2 2,598.3 2,408.0 2,406.2 2,222.8 2,144.9 2,514.5 1,201.5 568.3 603.9 607.6 550.3 552.1 555.5 549.7 534.3 540.4 519.9 532.5 555.6 547.1 507.3 506 515.8 500.5 504.5 483.9 414.4 353 259.6 219.5 203.6 205.4 206.4 207.4 223.1
Net Debt 3,644.3 3,441.3 3,012.1 3,323.0 3,009.2 2,641.5 2,668.7 2,198.5 1,998.5 1,670.2 1,329.6 1,592.3 1,455.9 1,442.2 1,614.6 2,041.2 1,889.0 1,862.0 1,978.5 1,996.2 1,852.3 1,734.1 1,451.2 1,214.2 1,480.6 1,352.9 1,291.4 1,455.5 1,643.9 1,548.5 1,482.4 1,649.9 1,377.5 1,353.3 1,432.2 1,465.5 1,389.9 1,515.3 1,535.5 1,538.6 1,621.3 2,216.4 2,180.7 2,213.7 2,126.7 2,498.4 1,190.7 529.8 545.6 542.1 538.4 548.8 531.2 525.6 519.5 522.2 514.4 522.3 550.9 537.4 491.2 489.4 508.7 498 493.6 478.7 410.4 342.8 254.5 210.9 188.5 183.1 158.2 149.9 216.2
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 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
Operating Activities
Net Income 400.1 266.0 403.7 301.2 217.7 207.3 320.9 431.7 587.5 424.3 579.8 816.2 644.3 639.0 918.5 1,214.7 1,107.4 1,095.7 1,000.2 712.2 438.8 196.9 104.3 78.8 190.8 123.7 152.6 196.7 204.8 269.9 397.9 362.6 225.5 303.2 151.0 152.9 198.7 3.8 154.4 140.4 61.3 45.4 50.7 60.8 67.3 32.0 16.7 9.2 5.4 15.8 29.4 29.1 17.7 1.6 (5.3) 2.1 2.0 7.1 12.4 19.1 15.2 13.8 10.5 12.1 3 8.1 8.5 7.5 7.6 8.4 13 15.6 14.6
Depreciation & Amortization 159.3 146.3 138.5 132.9 133.8 125.5 121.1 117.1 115.3 111.7 107.4 111.0 107.7 102.2 98.7 95.7 87.5 86.3 87.4 87.0 86.9 85.1 81.8 78.7 80.3 80.5 79.5 80.9 80.2 80.6 81.4 79.1 76.1 74.9 75.2 73.8 75.1 73.1 74.2 74.8 74.0 25.1 21.6 21.8 23.6 18.8 18.7 17.5 16.6 16.3 15.6 15.7 14.2 13.8 11.2 11.8 12.3 11.2 10.9 11.5 11.9 10.7 10.2 10.2 8.2 8 8.5 7.2 7 6.4 6.1 5.9 5.7
Stock-Based Compensation 17.5 0 0 14.1 17.0 25.1 12.8 13.0 15.6 21.9 12.0 11.7 16.1 19.6 12.1 11.1 16.5 20.9 9.9 9.8 17.0 18.7 9.5 9.5 17.8 14.4 8.8 9.1 15.3 14.5 8.0 8.0 12.8 11.6 6.9 6.4 11.3 10.1 5.9 7.2 8.4 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
Change in Working Capital (458.9) (56.0) 26.4 (184.7) (227.9) 34.6 300.8 (177.4) (360.8) 319.4 407.0 (175.9) (33.3) 349.3 475.3 (316.3) (406.2) (612.2) (536.9) (271.1) (346.6) (208.3) (71.3) 299.6 (83.3) 171.3 193.1 63.8 (131.6) 111.2 (91.0) (135.5) (146.1) (50.0) (18.4) (158.9) (52.2) (29.9) (56.7) (82.8) 128.1 74.9 (53.5) (40.8) (69.0) (52.5) 0.7 3.2 5.4 (12.0) (52.7) (8.6) (7.2) 15.2 1.1 20.1 (8.2) 30.2 (0.7) (42.6) (6.2) 18 (12.4) (11.1) 24.6 (46.8) (38.2) (24.9) (13.6) 10.9 (3.4) (9.7) 15.3
Other Non-Cash Items (2.3) 25.0 6.5 (0.9) (4.2) (4.7) (10.5) (6.4) 18.7 0.9 (12.2) 1.5 (10.0) 0.1 (12.4) (0.6) 11.2 (0.3) (0.8) (1.5) (0.7) 28.7 17.2 4.7 (0.3) 2.4 (1.1) (0.6) 0.7 (1.4) 0.3 (0.1) 0.0 6.0 8.2 (0.0) (0.1) 150.3 (41.1) 105.9 142.5 (0.1) (1.0) 0.1 0.6 0.8 (14.3) 0.1 0.0 (0.7) 2.2 (0.2) (0.0) 0.0 6.1 (2.4) 0.7 0.6 (0.4) (0.6) 2.8 1.9 (0.1) 0.2 (0.1) 0.1 0.1 (0.2) 0 (3.2) 3.5 (0.3) (0.1)
Operating Cash Flow 148.3 272.7 722.6 301.6 152.6 346.9 759.9 382.6 355.2 864.6 1,113.7 807.8 733.8 1,143.4 1,496.2 1,001.9 819.0 723.9 630.8 587.2 262.2 138.0 151.8 486.0 211.3 409.1 444.2 361.5 181.6 491.1 420.4 326.0 177.9 192.0 226.1 81.0 240.4 207.4 196.3 158.0 288.9 144.7 19.1 55.0 43.4 10.7 29.8 39.5 33.7 24.7 5.9 43.5 33.1 32.5 14.1 29.8 5.5 52.9 29.4 (8.0) 28.5 49.3 11 21.4 33.1 (22.7) (17.6) (15.9) 5.1 22.5 14.7 10.5 38
Investing Activities
Capital Expenditure (138.0) (188.5) (165.7) (288.3) (305.5) (453.2) (621.4) (419.2) (374.3) (514.9) (558.4) (358.3) (226.3) (344.2) (241.2) (164.1) (159.3) (204.5) (214.6) (277.2) (309.9) (343.2) (327.6) (309.7) (217.5) (158.3) (154.1) (85.1) (54.4) (62.9) (70.7) (55.2) (50.6) (37.2) (42.8) (43.3) (41.7) (75.0) (59.8) (35.7) (27.7) (9.1) (17.1) (19.1) (30.8) (23.9) (47.3) (28.9) (23.7) (37.4) (17.5) (65.9) (25.4) (33.8) (38.6) (27.3) (14.5) (24.6) (30.9) (25.6) (29.2) (27.4) (23.2) (28.2) (47.9) (43.1) (46.5) (57.6) (46.9) (43.7) (50) (35.2) (46.3)
Acquisitions 0 (175.8) 0 0 0 0 0 0 0 0 0 0 0 (86.5) (47.6) (47.6) 0 0 0 0 0 (1) (59.0) 0 0 97.1 (3.7) 0 (93.4) 0 (37.6) (396.4) 0 (0.7) (5.5) 0 0 (14.3) (109.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 (29.6) (10) (39.5) (430.8) (63.2) (205.9) (452.8) (170.9) (165.1) (356.8) (292.9) (283.2) (351.5) (222.5) 0 0 0 0 149.4 0 0 (149.4) (262.1) (34.9) (49.5) (49.7) (143.8) (35) (50) (40) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 39.6 9.6 137.8 536.4 204.5 298.3 273.0 233.1 282.6 268.0 271.1 248.2 49.8 49.8 0 0 0 0 0 (411.5) 69.5 149.6 192.3 69.5 79.5 109.0 104.7 30 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (1.1) (5.7) 5.6 2.6 (1.1) 7.3 (4.4) (25.6) 14.3 (0.1) (5.9) (217.9) 2.3 6.5 4.1 2.7 0.4 3.5 1.0 1.9 0.4 263.1 0.4 0.8 0.5 (95.4) 2.7 0.9 0.4 5.4 0.6 0.7 0.2 1.6 1.1 2.4 26.9 2.9 1.5 1.2 3.1 1.3 0 0 0 0 0.2 0 0.0 (8.3) 8.8 0 0 0 0.0 0 0 1.1 0 1.2 (1.3) (2.9) 1.1 2.3 (0.1) (1.5) (0.8) (0.4) (0.2) (0.1) 0.1 0 0
Investing Cash Flow (139.1) (370.0) (120.5) (305.7) (178.8) 51.2 (852.0) (209.6) (292.9) (734.8) (452.5) (473.3) (309.6) (468.9) (518.1) (510.8) (381.4) (201.0) (213.6) (275.3) (309.5) (343.2) (316.7) (159.3) (174.0) (349.2) (110.5) (24.6) (92.4) (171.3) (132.7) (501.0) (90.4) (36.2) (47.2) (40.9) (14.8) (86.4) (167.3) (34.5) (24.7) (7.7) (17.1) (19.1) (30.8) (23.9) (47.1) (28.9) (23.7) (45.7) (8.7) (65.9) (25.4) (33.8) (38.6) (27.3) (14.5) (23.5) (30.9) (24.4) (30.5) (30.3) (22.1) (25.9) (48) (44.6) (47.3) (58) (47.1) (43.8) (49.9) (35.2) (46.3)
Financing Activities
Net Debt Issuance (12.9) 431.1 (0.3) (418.3) 973.4 (454.7) 657.7 (9.4) (34.7) (25.6) 29.1 6.0 (11.4) 33.9 (14.8) (31.9) (29.5) 30.0 (39.5) 10.9 (6.8) 379.5 (10.1) (4.0) (19.5) 304.3 8.2 (8.7) 6.0 8.6 (5.0) 6.5 (20.0) (160.0) 155.3 16.2 (1.4) (256.9) 2.9 (17.4) 16.2 (96.5) 104.2 20.8 (35.6) (3.7) 52.5 (3.2) (1.7) 0.3 5.7 (1.9) 6.0 (32.3) 87.7 (6.1) 20.5 (23.0) 8.5 39.8 1.4 (9.8) 15.2 (4) 20.6 69.3 62 93 40 16.2 (1.3) (1.3) (1.1)
Stock Repurchased (115.1) (240.3) (210.4) (200.0) (250.1) (295.1) (309.9) (309.1) (298.1) (386.7) (331.3) (380.2) (354.0) (413.0) (481.7) (517.0) (389.2) (329.8) (337.6) (393.2) 0 0 0 0 (106.5) (56.2) (115.0) (93.1) (84.3) (330.2) (75.0) (49.1) (69.3) (15.1) (99.1) (76.8) (61.3) (25.0) 0 0 0 (6.3) (103.7) (76.7) 0 (0.2) 0 0 0 (0.2) 0 0 0 0 0 0 0 (1.1) (12.0) 0 0 0 0 0 0 (0.9) (2.9) (13.6) (1) 0 0 0 0
Dividends Paid (72.5) (73.1) (73.9) (74.7) (69.5) (70.4) (71.6) (72.6) (68.0) (69.5) (70.7) (72.3) (58.8) (60.0) (62.1) (64.3) (50.7) (51.9) (53.4) (54.9) (52.7) (52.6) (52.6) (52.6) (51.5) (51.8) (52.8) (53.5) (42.2) (43.8) (44.1) (44.3) (36.8) (36.7) (37.2) (37.5) (34.1) (34.1) (34.1) (34.1) (33.4) (4.4) (4.7) (4.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (22.3) (20.8) (5.1) (31.7) (30.5) (3.5) 1.2 8.8 (23.1) (12.7) 2.0 (17.6) (23.4) (27.5) (6.1) (60.2) (22.5) (23.0) (4.8) (6.1) (16.6) (20.6) (1.6) (8.8) (6.2) (20.3) (1.5) (0.0) (5.7) (10.2) 0 (3.1) (5.2) (17.3) (4.8) 0 (3.5) (17.1) 1.0 3.7 2.9 (1.7) (0.3) 0 (1.5) (0.0) (2.6) (0.4) (0.3) (1.0) (3.0) (0.8) (0.4) (13.5) 0 0 0 0.2 0 (0.2) 0 (0.1) 0.2 0 (0.1) 0.1 (0.3) (0.7) (0.5) (0.5) (0.4) 0.1 (0.1)
Financing Cash Flow (222.8) 96.8 (289.7) (724.8) 623.3 (823.8) 277.4 (382.4) (423.8) (494.4) (371.0) (464.1) (447.6) (466.6) (564.6) (673.5) (491.9) (374.7) (435.3) (443.3) (76.2) 306.3 (64.3) (65.4) (183.7) 176.0 (161.0) (155.3) (126.3) (375.5) (124.0) (90.1) (131.2) (229.1) 14.2 (98.1) (100.3) (331.0) (30.2) (47.8) (14.3) (108.0) (4.1) (48.4) (32.5) 6.1 61.1 (0.9) (1.3) 0.1 2.9 (2.2) 8.7 (44.7) 87.9 (5.8) 21.6 (23.8) (3.5) 25.9 1.6 (9.4) 15.6 (3.9) 20.6 68.5 58.8 78.9 38.5 14.9 28 (1.2) (1)
Cash Position
Net Change in Cash (213.5) (0.5) 312.3 (728.9) 597.1 (425.7) 185.2 (209.4) (361.6) (364.5) 290.1 (129.6) (23.5) 207.9 413.4 (182.4) (54.3) 148.2 (18.0) (131.4) (123.5) 101 (229.2) 261.4 (146.4) 235.9 172.8 181.5 (37.2) (55.7) 163.7 (265.0) (43.7) (73.3) 193.1 (58.0) 125.3 (210.0) (1.2) 75.7 249.9 29.0 (2.1) (12.6) (19.9) (7.1) 43.8 9.7 8.7 (21.0) 0.0 (24.6) 16.4 (45.9) 63.4 (3.4) 12.7 5.6 (5.1) (6.5) (0.5) 9.5 15.6 (3.9) 20.6 68.5 58.8 78.9 38.5 14.9 28 (1.2) (1)
Cash at Beginning 775.3 770.4 458.0 1,192.1 595.0 1,020.8 835.5 1,044.9 1,406.5 1,765.5 1,480.9 1,610.4 1,633.9 1,426.0 1,012.6 1,195.0 1,249.4 1,101.2 1,119.2 1,250.7 1,374.1 1,273.1 1,502.3 1,241.0 1,387.4 1,151.5 978.8 797.2 834.4 890.1 726.4 991.4 1,035.1 1,102.0 908.8 966.8 841.5 1,051.5 1,052.7 977.0 727.0 1.6 3.7 16.3 58.3 65.4 21.6 11.9 3.2 24.2 24.2 48.7 32.3 78.2 14.8 18.2 5.5 4.6 9.7 16.2 16.6 7.1 (8.5) 0 5.2 0 0 0 8.6 0 0 0 57.5
Cash at End 561.8 769.9 770.4 463.3 1,192.1 595.0 1,020.8 835.5 1,044.9 1,406.5 1,771.0 1,480.9 1,610.4 1,633.9 1,426.0 1,012.6 1,195.0 1,249.4 1,101.2 1,119.2 1,250.7 1,374.1 1,273.1 1,502.3 1,241.0 1,387.4 1,151.5 978.8 797.2 834.4 890.1 726.4 991.4 1,028.6 1,102.0 908.8 966.8 841.5 1,051.5 1,052.7 977.0 30.6 1.6 3.7 38.4 58.3 65.4 21.6 11.9 3.2 24.2 24.2 48.7 32.3 78.2 14.8 18.2 10.2 4.6 9.7 16.2 16.6 7.1 (3.9) 25.8 68.5 58.8 78.9 47.1 14.9 28 (1.2) 56.5
Free Cash Flow 10.3 84.2 556.9 13.3 (152.9) (106.3) 138.5 (36.6) (19.1) 349.7 555.3 449.5 507.5 799.2 1,254.9 837.7 659.6 519.4 416.2 310.0 (47.7) (205.2) (175.9) 176.3 (6.3) 250.8 290.1 276.4 127.1 428.1 349.8 270.8 127.3 154.8 183.4 37.7 198.8 132.4 136.6 122.3 261.2 135.6 2.0 35.8 12.7 (13.2) (17.5) 10.6 10.0 (12.8) (11.6) (22.4) 7.7 (1.3) (24.5) 2.5 (8.9) 28.3 (1.5) (33.6) (0.7) 21.9 (12.2) (6.8) (14.8) (65.8) (64.1) (73.5) (41.8) (21.2) (35.3) (24.7) (8.3)
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 5,204.9 4,414.0 4,828.2 4,565.1 4,369.2 3,872.1 4,341.6 4,632.6 4,694.0 4,233.4 4,587.1 5,081.6 4,893.2 4,826.3 5,651.7 6,212.9 5,569.9 5,310.7 5,088.3 4,465.3 3,544.6 2,601.2 2,330.8 2,094.3 2,575.1 2,350.2 2,526.8 2,770.5 2,817.4 2,903.9 3,223.5 3,090.5 2,603.9 2,336.5 2,443.4 2,390.7 2,368.2 1,910.6 2,101.3 2,023.9 1,741.3 1,591.0 1,950.9 2,005.0 2,047.4 2,517.1 2,339.0 2,069.8 1,830.1 1,864.2 1,911.7 1,801.3 1,795.7 1,705.0 1,693.4 1,909.8 1,982.0 1,858.3 2,043.5 2,079.7 2,016.0 1,528.1 1,584.2 1,632.8 1,555.8 1,179.8 1,172.2 792.2 814.6 1,210.4 2,563.9 2,403.9 1,902.2 1,451.0 1,156.6 911.2 865.7 839.8 911.9 821.2 665.9 569.6 498.7 545.8 570.7 600.4 634.7 525.7 384.1 279.2 218.6 243.2 213.7 138.5 157.6 154.1 152.4 160.3 190.7 189.2
Gross Profit 763.2 522.1 757.9 618.5 486.5 441.7 605.2 774.8 980.8 730.9 952.0 1,306.9 1,056.1 987.5 1,464.4 1,883.3 1,782.5 1,761.8 1,600.6 1,199.7 800.3 442.3 292.8 284.4 415.2 316.4 359.8 421.2 433.6 521.2 686.1 652.1 463.4 320.8 396.5 392.5 472.2 309.9 408.5 380.4 236.0 144.2 228.7 171.7 187.0 291.6 288.5 222.8 163.3 198.0 197.2 147.7 176.3 180.1 156.4 182.1 201.3 160.1 199.2 276.4 295.8 133.7 139.5 192.0 210.5 154.2 216.7 68.8 (40.6) (40.9) 445.2 479.7 347.3 254.3 228.5 216.6 216.4 229.1 244.8 196.6 159.5 140.0 105.2 111.2 128.8 150.4 228.3 143.2 76.5 39.7 31.9 72.5 53.0 11.1 26.2 37.1 38.2 46.6 63.4 55.9
Operating Income 588.0 310.2 507.8 382.9 275.1 237.5 395.4 559.1 751.0 518.5 733.5 1,063.7 835.4 759.0 1,219.8 1,618.1 1,494.9 1,429.1 1,322.0 955.7 594.2 258.8 155.9 158.8 273.7 182.0 228.0 285.0 291.8 365.6 531.6 501.9 323.4 195.9 271.0 265.4 334.6 56.0 283.9 256.1 132.0 (381.1) 131.0 77.6 99.8 (81.2) 188.6 131.9 80.9 107.8 113.3 69.2 96.2 94.9 72.7 103.7 119.8 82.5 108.8 188.2 205.3 46.8 69 116.6 132.3 78.4 148.4 6.3 (113.6) (91.0) 336.2 358.1 251.9 178.3 173.9 167.7 171.3 175.3 198.6 154.1 131.1 113.9 81.9 91.1 106.3 140.0 193.3 115.1 58.5 22.0 17.2 59.3 33.3 (2.3) 7.3 11.8 14.7 23.6 37.0 30.2
Net Income 403.4 266.0 403.7 298.7 217.2 207.3 317.8 428.0 584.0 424.3 577.2 812.1 637.3 634.9 914.3 1,209.6 1,103.9 1,090.5 990.8 702.3 430.5 187.8 100.1 75.5 187.3 121.4 151.0 194.3 204.3 270.0 398.4 362.4 227.6 304.7 153.3 153.9 200.8 20.0 157.4 142.0 62.7 (253.2) 60.6 31.6 30.8 (45.0) 91.2 72.3 38.6 54.7 57.5 29.0 48.2 60.6 12.8 44.5 45.7 30.2 43.3 98.7 105.9 7.8 18.7 49.2 65.0 26.7 69.0 (16.0) (87.9) (82.7) 193.0 210.5 142.6 97.9 100.6 93.9 102.2 105.1 118.7 96.9 76.0 64.9 45.4 50.7 60.8 82.4 113.6 67.3 32.0 16.7 5.4 29.4 17.7 (5.3) 2.0 4.4 7.1 12.4 19.1 15.2
EPS (Diluted) 2.78 1.82 2.74 2.00 1.44 1.36 2.05 2.72 3.67 2.61 3.47 4.81 3.70 3.61 5.03 6.44 5.71 5.49 4.85 3.32 2.03 0.89 0.47 0.36 0.88 0.56 0.69 0.87 0.91 1.17 1.69 1.53 0.96 1.28 0.64 0.63 0.82 0.08 0.64 0.58 0.26 -1.04 0.25 0.13 0.13 -0.19 0.38 0.31 0.17 0.24 0.25 0.13 0.21 0.27 0.06 0.20 0.20 0.14 0.19 0.43 0.46 0.04 0.09 0.22 0.29 0.12 0.30 -0.08 -0.48 -0.45 0.98 1.05 0.72 0.52 0.53 0.48 0.50 0.55 0.54 0.45 0.38 0.37 0.23 0.25 0.28 0.43 0.50 0.30 0.14 0.09 0.03 0.15 0.09 -0.03 0.01 0.03 0.04 0.07 0.10 0.08
Balance Sheet
Cash & Equivalents 556.5 769.9 770.4 458.0 1,186.9 589.5 1,015.2 830.0 1,039.4 1,400.9 1,765.5 1,475.4 1,604.9 1,628.4 1,420.5 1,007.1 1,189.5 1,243.9 1,095.7 1,113.7 1,245.2 1,368.6 1,267.6 1,496.5 1,235.5 1,381.5 1,146.0 972.6 791.4 828.2 884.3 720.4 985.8 1,028.6 1,102.0 908.8 966.8 841.5 1,051.5 1,052.7 977.0 191.6 225.5 9.0 18.2 16.1 10.8 38.4 58.3 65.4 11.9 3.2 24.2 24.2 14.8 18.2 5.5 10.2 4.6 9.7 16.2 16.6 7.1 2.5 10.9 5.2 4 10.2 5.1 8.6 15.1 22.3 48.2 57.5 6.9
Total Assets 16,720.2 16,412.9 15,965.0 15,548.6 15,930.4 14,935.2 15,659.8 15,061.3 15,026.8 14,908.4 14,929.0 14,551.4 14,219.8 14,160.0 14,047.7 13,711.2 13,056.6 12,531.2 11,536.0 10,687.3 10,127.9 9,265.6 8,617.6 8,468.3 8,344.9 8,275.8 7,943.2 7,857.9 7,857.2 7,703.6 7,798.4 7,504.5 6,972.8 6,855.7 6,960.7 6,670.1 6,704.0 6,423.7 6,787.6 6,629.7 6,391.6 5,545.8 5,582.1 5,129.9 4,881.8 4,926.1 3,095.3 1,604.0 1,534.8 1,448.4 1,311.1 1,296.0 1,275.7 1,232.0 1,088.5 1,092.8 1,065.0 1,067.1 1,075.7 1,062.5 1,036.2 991.6 986.8 954.5 946 907.5 856.1 787.2 701.7 640.9 598.5 552.6 542.8 522.3 320.7
Total Debt 4,200.8 4,211.2 3,782.5 3,781.0 4,196.1 3,231.0 3,683.9 3,028.4 3,037.9 3,071.1 3,095.1 3,067.7 3,060.8 3,070.6 3,035.1 3,048.2 3,078.5 3,105.9 3,074.2 3,110.0 3,097.4 3,102.7 2,718.8 2,710.6 2,716.1 2,734.3 2,437.4 2,428.0 2,435.4 2,376.7 2,366.8 2,370.4 2,363.3 2,381.9 2,534.1 2,374.3 2,356.7 2,356.8 2,587.0 2,591.2 2,598.3 2,408.0 2,406.2 2,222.8 2,144.9 2,514.5 1,201.5 568.3 603.9 607.6 550.3 552.1 555.5 549.7 534.3 540.4 519.9 532.5 555.6 547.1 507.3 506 515.8 500.5 504.5 483.9 414.4 353 259.6 219.5 203.6 205.4 206.4 207.4 223.1
Stockholders' Equity 9,164.9 8,957.2 8,995.1 8,864.1 8,824.7 8,934.3 9,081.5 9,130.8 9,072.4 8,866.7 8,893.5 8,708.0 8,336.6 8,130.4 7,971.2 7,588.3 6,964.4 6,304.6 5,607.9 5,020.1 4,728.8 4,345.2 4,201.2 4,145.2 4,113.5 4,075.8 4,056.6 4,064.5 4,008.1 3,935.1 4,033.8 3,747.0 3,470.7 3,351.6 3,104.7 3,080.9 3,035.2 2,927.0 2,965.9 2,835.8 2,717.2 2,084.0 2,044.5 1,988.3 1,910.5 1,538.9 1,080.0 702.7 630.0 587.2 545.4 538.6 521.7 492.1 422.8 423.1 419.5 418.8 412.6 412.3 406.8 391.4 377.2 366.3 354.1 351.1 343.8 338.2 344.2 337.6 330.1 295 279.3 264.6 63
Cash Flow
Operating Cash Flow 148.3 272.7 722.6 301.6 152.6 346.9 759.9 382.6 355.2 864.6 1,113.7 807.8 733.8 1,143.4 1,496.2 1,001.9 819.0 723.9 630.8 587.2 262.2 138.0 151.8 486.0 211.3 409.1 444.2 361.5 181.6 491.1 420.4 326.0 177.9 192.0 226.1 81.0 240.4 207.4 196.3 158.0 288.9 144.7 19.1 55.0 43.4 10.7 29.8 39.5 33.7 24.7 5.9 43.5 33.1 32.5 14.1 29.8 5.5 52.9 29.4 (8.0) 28.5 49.3 11 21.4 33.1 (22.7) (17.6) (15.9) 5.1 22.5 14.7 10.5 38
Capital Expenditure (138.0) (188.5) (165.7) (288.3) (305.5) (453.2) (621.4) (419.2) (374.3) (514.9) (558.4) (358.3) (226.3) (344.2) (241.2) (164.1) (159.3) (204.5) (214.6) (277.2) (309.9) (343.2) (327.6) (309.7) (217.5) (158.3) (154.1) (85.1) (54.4) (62.9) (70.7) (55.2) (50.6) (37.2) (42.8) (43.3) (41.7) (75.0) (59.8) (35.7) (27.7) (9.1) (17.1) (19.1) (30.8) (23.9) (47.3) (28.9) (23.7) (37.4) (17.5) (65.9) (25.4) (33.8) (38.6) (27.3) (14.5) (24.6) (30.9) (25.6) (29.2) (27.4) (23.2) (28.2) (47.9) (43.1) (46.5) (57.6) (46.9) (43.7) (50) (35.2) (46.3)
Free Cash Flow 10.3 84.2 556.9 13.3 (152.9) (106.3) 138.5 (36.6) (19.1) 349.7 555.3 449.5 507.5 799.2 1,254.9 837.7 659.6 519.4 416.2 310.0 (47.7) (205.2) (175.9) 176.3 (6.3) 250.8 290.1 276.4 127.1 428.1 349.8 270.8 127.3 154.8 183.4 37.7 198.8 132.4 136.6 122.3 261.2 135.6 2.0 35.8 12.7 (13.2) (17.5) 10.6 10.0 (12.8) (11.6) (22.4) 7.7 (1.3) (24.5) 2.5 (8.9) 28.3 (1.5) (33.6) (0.7) 21.9 (12.2) (6.8) (14.8) (65.8) (64.1) (73.5) (41.8) (21.2) (35.3) (24.7) (8.3)