Two Harbors Investment Corp. logo TWO - Two Harbors Investment Corp.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 17
SELL 1
STRONG
SELL
0
| PRICE TARGET: $14.00 DETAILS
HIGH: $14.00
LOW: $14.00
MEDIAN: $14.00
CONSENSUS: $14.00
UPSIDE: 12.00%
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
Revenue
Revenue 218.8 179.4 247.6 119.4 212.0 219.4 126.5 208.8 292.0 24.6 342.5 278.5 14.3 (33.8) 192.1 53.3 (146.5) 151.1 18.9 41.0 (231.3) 136.2 101.1 (578.4) (432.2) 279.2 714.2 503.9 401.2 111.2 187.8 191.2 321.7 245.6 215.0 199.8 203.0 483.4 92.4 7.7 (55.7) 249.1 (13.2) 262.1 117.4 (18.8) 218.3 22.5 (36.9) 272.0 (157.3) 457.0 160.7 26.1 105.6 105.9 74.0 64.1 60.5 40.8 17.4 12.6 11.7 5.2 5.6 2.7 0.0 0.0 0.0 0 0 0 0 0 0
Cost of Revenue 97.0 3.4 (4.4) (4.0) (2.8) (7.6) (13.2) (10.5) (7.2) 4.6 23.1 21.7 24.8 25.3 21.2 23.0 24.7 21.6 21.0 18.7 24.9 24.2 32.0 35.4 34.5 37.8 34.5 30.4 32.0 30.8 11.8 23.3 26.6 20.8 18.9 21.4 17.4 19.7 20.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.6 4.5 4.3 1.4 3.4 0.3 1.6 (2.1) 0.9 0.7 0.5 0 0 0 0 0 0 0 0 0 0
Gross Profit 121.8 176.0 251.9 123.4 214.8 227.0 139.6 219.3 299.2 20.0 319.4 256.8 (10.4) (59.1) 170.9 30.3 (171.2) 129.5 (2.2) 22.3 (256.2) 111.9 69.2 (613.8) (466.6) 241.4 679.7 473.5 369.2 80.4 176.0 167.8 295.0 224.8 196.0 178.4 185.6 463.7 71.6 7.7 (55.7) 249.1 (13.2) 262.1 117.4 (18.8) 218.3 22.5 (36.9) 272.0 (157.3) 457.0 160.7 187.8 105.0 101.4 69.8 62.6 57.1 (1.5) 15.8 14.6 10.8 4.4 5.2 2.7 0.0 0.0 0.0 0 0 0 0 0 0
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
SG&A Expenses 49.4 17.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11.8 12.0 12.3 12.6 12.7 12.7 12.2 12.3 12.2 12.8 10.6 8.0 12.6 4.9 9.9 9.7 3.5 3.2 8.4 7.6 1.7 1.5 4.2 1.2 1.1 1.4 (1.2) 1.0 1.4 0.3 0.3 0.2 0.3 0.3 0.1 0
Other Expenses 0 37.7 86.5 44.1 161.7 (218.7) 233.7 (5.4) (76.4) 294.4 (196.3) (120.0) 27.8 87.0 (211.1) 39.7 (527.6) 108.5 (90.7) 136.8 (541.8) (125.4) 15.3 (567.1) 1,416.2 (61.5) 371.6 556.8 405.0 465.8 102.5 34.2 (43.7) 0 0 0 0 0 0 (9.6) 2.8 (5.5) 2.2 (16.6) (1.9) (1.4) (1.5) 9.7 0.5 (2.0) 10.8 1.8 6.3 (18.6) 0 11.1 47.1 0 0 37.8 0 0 0 0 0 4.0 0 0 (0.3) 0 0 0 0 0 0
Operating Expenses 49.4 54.8 86.5 44.1 161.7 (218.7) 233.7 (5.4) (76.4) 294.4 (196.3) (120.0) 27.8 87.0 (211.1) 39.7 (527.6) 108.5 (90.7) 136.8 (541.8) (125.4) 15.3 (567.1) 1,416.2 (61.5) 371.6 556.8 405.0 465.8 102.5 34.2 (43.7) 0 0 0 0 0 0 2.3 14.9 6.7 14.8 (3.9) 10.9 10.8 10.7 21.9 (36.9) 274.2 18.7 456.9 154.3 (8.8) 16.3 14.6 50.3 8.4 57.1 40.5 1.5 4.2 1.2 1.1 5.2 2.7 1.0 1.4 0.0 0.3 0.2 0.3 0.3 0.1 0
Operating Income
Operating Income 72.3 121.1 165.5 79.3 53.1 445.7 (94.0) 224.7 375.6 (274.4) 515.7 376.8 (38.2) (146.1) 382.0 (9.4) 356.4 21.0 88.5 (114.5) 285.6 237.3 53.9 (46.7) (1,882.8) 303.0 308.1 (83.3) (35.8) (385.4) 73.5 133.6 338.7 267.8 87.9 3.6 47.5 381.6 103.2 (31.7) (83.5) 219.5 (42.4) 214.5 84.1 (48.7) 188.7 16.4 (63.0) 246.0 (169.0) 437.8 148.7 179.1 88.7 89.6 59.4 54.2 49.5 35.7 14.3 10.4 8.4 3.3 4.2 (6.4) (1.0) (1.4) (0.3) 0.1 (0.2) 0.6 2.0 0.7 0
Interest Expense 95.2 105.4 117.1 136.7 131.7 138.7 154.9 154.2 160 168.1 173.1 159.6 142.5 115.6 83.3 37.1 22.3 20.2 21.9 24.4 22.7 22.6 29.2 62.1 167.3 167.3 191.1 192.4 163.5 162.3 152.4 108.4 96.6 94.8 111.5 90.8 75.4 66.2 60.4 54.0 41.4 36.6 37.1 35.0 33.5 31.7 24.7 24.9 26.1 26.9 24.9 24.7 23.8 24.4 20.7 15.5 11.5 0 0 3.9 2.5 0 1.4 0.9 0.5 0.2 0 0 0 0 0 0 0 0 0
Interest Income 88.7 89.9 93.6 117.1 111.4 103.8 112.6 116.0 117.8 122.4 123.6 117.8 116.6 99.3 94.4 57.0 44.8 33.0 36.0 43.4 56.1 72.5 89.7 107.3 255.5 238.4 249.7 261.0 245.5 252.0 236.7 187.4 194.0 118.4 196.1 184.7 169.2 179.1 168.9 154.8 130.8 133.6 152.8 152.5 163.0 156.2 142.3 140.1 138.5 137.5 138.0 145.3 134.8 137.3 126.3 0 85.5 0 0 0 2.5 0 1.4 9.1 0.5 0 0.0 0.0 0.0 0 1.0 0 0 0 0
Profitability
EBITDA 77.5 122.7 (9.6) (120.7) 53.1 446.3 (94.0) 224.7 375.6 (294.4) 515.7 376.8 (38.2) (146.1) 382.0 (9.4) 356.4 21.0 88.5 (114.5) 285.6 237.6 222.9 (129.6) (1,715.5) 299.7 493.2 104.3 127.6 (385.6) 226.0 242.0 435.3 268.0 88.1 3.9 47.8 381.9 103.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 55.6 10.2 (6.1) 14.3 17.3 9.6 3.3 4.2 (6.4) (1.0) (1.4) (0.3) 0.1 0.7 0.6 2.0 0.7 0
EBIT 72.3 122.7 (9.6) (120.7) 53.1 446.3 (94.0) 224.7 375.6 (294.4) 515.7 376.8 (38.2) (146.1) 382.0 (9.4) 356.4 21.0 88.5 (114.5) 285.6 237.6 222.9 (129.6) (1,715.5) 299.7 493.2 104.3 127.6 (385.6) 225.8 241.9 435.2 267.8 87.9 3.6 47.5 381.6 103.2 (0.3) (0.3) (0.4) (0.3) (0.3) (0.3) (0.3) (0.3) (0.4) (0.6) (1.2) (0.2) (0.1) (0.1) (1.3) (0.4) (0.0) (0.0) 0 0 0 0 0 0 0 0 0.6 0 0 0 0 0 0 0 0 0
Income Before Tax 36.4 17.3 (126.7) (257.4) (78.6) 307.6 (248.9) 70.5 215.6 (462.5) 342.6 217.2 (180.7) (261.7) 298.6 (46.5) 334.1 0.8 66.6 (138.9) 262.8 215.0 193.7 (191.7) (1,882.8) 132.4 302.1 (88.2) (36.0) (547.9) 73.4 133.4 338.6 133.5 87.9 3.2 34.0 379.8 101.0 (31.7) (83.5) 219.5 (42.4) 214.5 84.1 (48.7) 188.7 16.4 (63.0) 245.3 (169.9) 436.7 147.3 174.6 21.6 7.6 44.2 45.3 64.0 (6.1) 23.1 17.3 9.6 3.3 4.8 (6.4) (1.0) (1.4) (0.3) 0.1 0.7 0.6 2.0 0 0
Income Tax Expense 4.1 5.6 1.2 1.7 0.4 30.9 (10.5) 14.2 12.0 (29.3) 36.4 19.8 (3.9) 8.5 21.0 25.9 48.8 2.1 0.3 (20.9) 22.7 3.8 (8.2) (18.2) (13.1) (2.4) (3.6) 2.4 (10.0) 6.7 37.4 (6.1) 3.8 10.6 (5.3) 8.8 (24.5) 38.4 (16.8) (14.8) 5.5 8.8 (7.7) (7.0) (10.7) (11.7) (4.9) (23.3) (33.9) 6.6 23.7 49.1 5.0 (10.2) (7.8) (16.6) (7.6) (6.2) 9.4 (5.1) 0.8 0.9 (0.2) (0.8) (0.5) 0.0 (0.1) (0.2) (0.1) 0.0 0.2 0.2 0.7 (0.7) 0
Net Income 32.3 11.7 (127.9) (259.0) (79.1) 276.7 (238.5) 56.3 203.6 (433.2) 306.2 197.4 (176.8) (270.2) 277.6 (72.4) 285.3 (1.3) 66.3 (118.0) 240.2 211.2 201.9 (173.6) (1,869.7) 134.8 305.7 (90.6) (25.9) (554.5) 35.9 139.5 334.8 165.9 102.1 8.6 72.0 341.4 117.8 (17.0) (88.9) 210.7 (34.8) 221.5 94.8 (37.0) 193.6 39.7 (29.1) 239.4 (192.7) 388.6 143.7 189.3 26.8 24.0 51.8 51.4 54.6 (1.0) 22.4 16.5 9.9 4.1 5.3 (6.4) (0.9) (1.2) (0.2) 0.1 0.5 0.4 1.3 0.7 0
Per Share Data
EPS (Basic) 0.18 -0.02 -1.36 -2.62 -0.89 2.54 -2.42 0.43 1.86 -4.56 3.04 1.94 -1.91 -3.13 2.73 -0.84 2.81 -0.02 0.68 -1.72 3.24 2.80 2.68 -2.54 -27.35 1.68 4.20 -1.33 -0.41 -8.94 0.64 2.88 7.32 3.52 2.12 0.20 1.64 7.84 2.72 -0.39 -2.04 4.72 -0.76 4.80 2.08 -0.81 4.24 0.88 -0.64 5.28 -4.22 8.48 3.76 5.12 0.80 0.88 2.24 3.12 3.36 -0.10 3.92 5.36 3.04 1.44 3.20 -3.03 -0.30 -0.39 -0.06 0.02 0.18 0.16 0.40 0.17
EPS (Diluted) 0.18 -0.02 -1.36 -2.62 -0.89 2.37 -2.42 0.43 1.73 -4.56 2.81 1.80 -1.91 -3.13 2.73 -0.84 2.81 -0.02 0.66 -1.72 2.96 2.72 2.56 -2.54 -27.35 1.64 4.00 -1.33 -0.41 -8.94 0.64 2.72 6.76 3.36 2.08 0.20 1.64 7.84 2.72 -0.39 -2.04 4.72 -0.76 4.80 2.08 -0.81 4.24 0.88 -0.64 5.28 -4.22 8.48 3.76 5.12 0.80 0.88 2.24 3.12 3.36 -0.10 3.92 5.36 3.04 1.44 3.20 -3.03 -0.30 -0.39 -0.06 0.02 0.18 0.16 0.40 0.17
Shares Outstanding 108.2 104.2 104.1 104.1 104.0 104.3 103.4 103.6 103.4 97.5 105.6 106.1 92.6 86.4 96.1 86.1 96.2 83.8 76.9 68.4 68.4 68.4 68.4 68.4 68.3 68.2 68.2 68.2 63.1 62.0 56.1 43.9 43.8 43.6 43.6 43.6 43.6 43.5 43.5 43.5 43.7 45.0 45.9 45.9 45.8 45.8 45.8 45.8 45.7 45.6 45.6 45.7 38.2 36.9 33.8 26.9 23.4 17.6 16.3 9.6 5.7 3.4 3.3 2.8 1.7 2.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 4.1 0.9
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3
Current Assets
Cash & Cash Equivalents 476.3 842.3 770.5 657.8 573.9 504.6 522.6 624.2 666.2 729.7 644.2 699.1 708.2 683.5 732.5 511.9 620.2 1,153.9 1,076.2 1,281.2 1,159.3 1,384.8 1,615.1 1,615.6 1,206.9 558.1 740.7 433.6 512.2 409.8 422.9 417.5 388.4 419.2 539.4 651.7 405.1 406.9 688.4 692.2 754.8 71.4 25.4 26.1 1.9 2.6 0.0
Short-Term Investments 0.1 6,514.5 0.2 0.3 0.2 7,371.7 85.7 0.2 0.3 0.1 8,830.7 8,963.2 8,960.8 7,778.7 9,473.8 8,789.4 6,970.7 7,161.7 13.0 7,840.0 6.4 14,650.9 16,574.3 17,673.3 17,733.1 31,406.3 28,318.6 30,186.1 25,077.7 25,552.6 25,938.9 19,293.4 21,059.4 21,220.8 20,199.1 16,427.7 17,318.7 13,128.9 14,284.6 13,656.6 9,584.5 977.9 520.2 494.5 0 0 0
Net Receivables 29.9 13.6 28.3 322.3 39.3 33.3 36.6 408.2 580.8 358.6 354.5 288.3 358.7 289.4 253.2 216.4 327.5 194.7 364.2 116.7 100.8 193.6 169.0 125.5 639.2 411.6 402.2 1,081.1 113.8 241.2 1,342.8 129.1 188.2 910.6 160.6 166.7 167.5 154.2 153.8 104.9 319.6 20.8 2.5 2.6 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 283.8 15.6 116.4 (980.4) 123.8 313.0 89.1 (1,032.6) (1,247.3) 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 19.5 22.6 8.3 0.1 0.1 0
Total Current Assets 790.2 7,386.0 915.5 0 737.3 8,222.7 734.0 0 0 1,088.4 9,829.4 9,950.6 10,027.8 8,751.6 10,459.5 9,517.7 7,918.4 8,510.3 1,453.4 9,238.0 1,266.5 16,229.3 18,358.4 19,414.4 19,579.2 32,376.1 29,461.4 31,700.7 25,703.6 26,203.6 27,664.9 19,807.4 21,636.1 22,550.6 20,899.1 17,193.2 17,891.3 13,658.9 15,096.2 14,425.7 10,627.2 1,089.6 571.3 532.6 2.0 2.6 0.0
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.9 0.9 1.1 1.2 1.4 1.6 1.6 1.9 2.2 2.5 2.7 0 0 0 0 0 0
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
Intangible Assets 2,381.0 2,421.9 2,626.7 3,015.6 2,959.8 2,994.3 2,884.3 3,065.4 3,084.9 3,052.0 3,213.1 3,274.0 3,072.4 2,984.9 3,021.8 3,226.2 3,090.0 2,191.6 2,213.3 2,020.1 2,091.8 1,596.2 1,257.5 1,279.2 1,505.2 1,909.4 1,651.6 1,800.8 2,014.4 1,993.4 1,664.0 1,450.3 1,301.0 1,086.7 930.6 898.0 747.6 693.8 455.6 427.8 446.2 0 0 0 0 0 0
Long-Term Investments 6,597.0 9.1 6,496.0 8,320.8 8,642.6 12.4 8,436.3 8,030.0 8,182.5 8,327.1 8,830.7 8,963.2 8,960.8 7,778.7 9,473.8 8,789.4 6,970.7 7,161.7 6,664.7 7,840.0 11,473.4 14,650.9 16,574.3 17,673.3 17,733.1 31,406.3 28,318.6 30,186.1 25,077.7 25,552.6 25,938.9 19,293.4 21,089.8 21,220.8 20,202.1 16,427.7 17,321.7 13,128.9 14,284.6 13,656.6 9,584.5 0 0 0 259.1 0 0
Other Non-Current Assets 765.6 (2,431.0) 828.2 (11,336.4) 1,343.7 974.9 833.3 (11,095.4) (11,267.4) (11,379.2) (12,043.8) (12,237.2) (12,033.3) (10,763.7) (12,495.6) (12,015.6) (10,060.7) (9,353.3) (8,878.1) (9,860.2) (13,565.2) (16,247.1) (17,831.8) (18,952.5) (19,238.2) (33,315.8) (29,970.1) (31,986.9) (27,092.1) (27,546.0) (27,603.8) (20,744.6) (22,391.9) (22,308.8) (21,134.1) (17,327.4) (18,070.9) (13,824.6) (14,742.5) (14,086.9) (10,033.3) 0 27.3 5.7 0.3 0 0
Total Non-Current Assets 9,743.6 0 9,950.9 0 12,946.1 3,981.6 12,153.8 0 0 11,379.2 12,043.8 12,237.2 12,033.3 10,763.7 12,495.6 12,015.6 10,060.7 9,353.3 8,878.1 9,860.2 13,565.2 16,247.1 17,831.8 18,952.5 19,238.2 33,315.8 29,970.1 31,986.9 27,092.1 27,546.0 27,603.8 20,744.6 22,391.9 22,308.8 21,134.1 17,327.4 18,070.9 13,824.6 14,742.5 14,086.9 10,033.3 37.1 27.7 5.7 259.4 259.2 0.1
Total Assets 10,533.7 10,859.2 10,866.4 12,959.1 13,683.3 12,204.3 12,887.8 12,849.7 13,161.9 13,138.8 13,916.7 14,010.0 13,940.3 13,466.2 14,695.6 13,737.5 12,273.8 12,114.3 11,484.5 12,502.1 15,991.9 19,515.9 20,587.7 21,482.3 22,202.6 35,921.6 32,164.2 34,340.2 28,500.5 30,132.5 31,530.1 22,276.0 24,077.2 24,789.3 27,803.8 23,781.0 24,270.8 20,112.1 21,799.9 20,740.4 16,684.6 1,126.8 599.0 538.4 261.4 261.9 0.1
Current Liabilities
Account Payables 44.5 81.9 45.2 80.2 75.4 86.0 76.9 85.7 80.0 141.8 90.7 120.5 74.9 94.0 48.6 21.8 10.0 18.4 10.5 18.0 11.9 21.7 12.3 36.7 79.5 149.6 122.8 145.8 109.3 160.0 117.0 84.3 85.4 87.7 62.7 55.7 41.0 28.9 29.8 25.3 19.1 0 0 0 0 0 0
Short-Term Debt 8,174.9 7,602.5 8,058.5 1,021.1 10,682.0 8,827.3 9,765.6 1,279.3 1,357.7 1,329.2 1,410.7 1,455.4 1,292.8 1,118.8 1,131.2 825.8 570.8 420.8 420.8 533.5 443.5 283.8 274.8 267.2 252.1 300 300 0 375.3 310 310 170 20 20 40 40 15 70 30 0 0 0 0 207.1 0 0 0.1
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
Other Current Liabilities 0 (428.9) 0 7,770.8 0 0 0 (1,775.8) (1,826.9) (633.5) (367.9) (322.7) (418.1) (606.2) (421.0) (1,533.2) (260.4) (269.0) (179.6) (180.0) (204.7) (201.3) (166.5) (476.4) (200.7) (387.6) (359.1) (383.4) (2,322.4) (265.8) (653.3) (122.2) (136.0) (101.5) (148.2) (132.0) (118.6) (194.7) (158.1) (307.3) (171.5) 866.3 445.6 0.0 0.9 0.1 0
Total Current Liabilities 8,515.7 7,602.2 8,543.3 9,514.7 11,107.2 9,620.6 10,287.3 0 0 1,470.9 1,501.4 1,575.9 1,367.7 1,212.9 1,179.8 847.6 580.8 439.1 431.3 551.5 455.4 305.5 287.1 303.9 331.7 449.6 422.8 145.8 484.6 470.0 427.0 254.3 105.4 107.7 102.7 95.7 56.0 99.5 59.8 25.3 19.1 877.8 452.2 210.6 0.9 0.1 0.1
Non-Current Liabilities
Long-Term Debt 111.2 958.9 372.2 371.8 260.6 260.2 259.8 259.4 564.5 563.9 563.2 666.4 681.2 680.5 679.8 679.1 678.5 821.6 820.7 819.9 819.2 681.8 681.2 680.6 730.0 889.5 728.9 728.4 1,149.1 1,148.9 1,148.6 1,148.3 1,148.1 1,497.9 5,066.7 6,401.4 6,796.0 7,037.2 7,375.9 7,111.9 6,809.6 0 0 204.8 0 0 0
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 0.1 0 0 0
Other Non-Current Liabilities 175.2 514.1 179.1 (371.8) 168.7 201.0 171.3 (259.4) (564.5) (563.9) (563.2) (666.4) (681.2) (680.5) (679.8) (679.1) (678.5) (821.6) (820.7) (819.9) (819.2) (681.8) (681.2) (680.6) (730.0) (889.5) (728.9) (728.4) (1,149.1) (1,148.9) (1,148.6) (1,148.3) (1,148.1) (1,497.9) (5,066.7) (6,401.4) (6,796.0) (7,037.2) (7,375.9) (7,111.9) (6,809.6) 21.6 21.1 (203.8) 77.8 77.8 0
Total Non-Current Liabilities 286.4 1,469.1 551.4 0 429.3 461.2 431.1 0 0 563.9 563.2 666.4 681.2 680.5 679.8 679.1 678.5 821.6 820.7 819.9 819.2 681.8 681.2 680.6 730.0 889.5 728.9 728.4 1,149.1 1,148.9 1,148.6 1,148.3 1,148.1 1,497.9 5,066.7 6,401.4 6,796.0 7,037.2 7,375.9 7,111.9 6,809.6 21.6 21.1 206.0 77.8 77.8 0
Total Liabilities 8,802.2 9,071.3 9,094.7 11,073.1 11,536.5 10,081.8 10,718.5 10,654.4 10,921.9 10,935.4 11,799.5 11,794.0 11,694.6 11,282.6 12,551.1 11,253.8 9,644.5 9,370.4 8,749.7 10,018.1 13,271.2 16,427.0 17,568.0 18,646.4 19,298.5 30,951.2 27,144.6 29,471.5 23,726.3 25,878.0 26,854.1 18,795.7 20,609.5 21,217.9 23,672.4 19,996.9 20,668.3 16,710.9 18,321.7 17,322.4 13,313.9 899.4 473.3 416.6 78.7 77.9 0.1
Stockholders' Equity
Common Stock 1.1 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.9 3.4 3.4 3.4 3.1 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.5 2.5 1.8 1.8 1.7 3.5 3.5 3.5 3.5 3.5 3.5 3.5 0.3 0.1 0.0 0.0 0.0 0.0
Retained Earnings (4,779.6) (4,763.0) (4,725.8) (4,548.8) (4,235.6) (4,096.1) (4,314.1) (4,016.9) (4,014.5) (4,159.9) (3,668.4) (3,919.0) (4,063.2) (3,815.6) (3,501.0) (3,705.9) (3,560.8) (3,773.6) (3,699.9) (3,698.9) (3,520.4) (3,696.7) (3,842.4) (3,987.0) (3,723.6) (1,853.9) (1,860.6) (2,038.1) (1,819.5) (1,645.9) (955.8) (867.7) (911.0) (1,139.7) (560.8) (563.2) (476.8) (461.6) (719.5) (757.4) (660.4) (13.3) (8.7) (9.2) 1.6 2.8 (0.0)
Accumulated Other Comprehensive Income (44.3) (0.1) (51.8) (112.9) (163.4) (320.5) (54.0) (323.6) (279.5) (176.4) (660.0) (309.1) (152.8) (278.7) (701.4) (149.7) (145.5) 186.3 299.9 307.2 370.1 641.6 720.3 684.1 491.3 689.4 748.4 777.5 467.0 110.8 (154.7) (34.9) (0.0) 334.8 423.0 354.6 273.0 199.2 538.4 519.7 380.4 1.8 2.6 (0.9) 0 0 0
Total Stockholders' Equity 1,731.6 1,787.9 1,771.7 1,886.0 2,146.8 2,122.5 2,169.4 2,195.3 2,240.1 2,203.4 2,117.2 2,216.0 2,245.7 2,183.5 2,144.5 2,483.6 2,629.3 2,744.0 2,734.9 2,484.1 2,720.7 3,088.9 3,019.7 2,835.9 2,904.1 4,970.5 5,019.6 4,868.8 4,774.2 4,254.5 4,676.0 3,480.2 3,467.7 3,571.4 3,941.6 3,588.4 3,602.6 3,401.1 3,478.2 3,418.1 3,370.7 227.4 125.8 121.7 182.7 184.0 0.0
Total Liabilities & Equity 10,533.7 10,859.2 10,866.4 12,959.1 13,683.3 12,204.3 12,887.8 12,849.7 13,161.9 13,138.8 13,916.7 14,010.0 13,940.3 13,466.2 14,695.6 13,737.5 12,273.8 12,114.3 11,484.5 12,502.1 15,991.9 19,515.9 20,587.7 21,482.3 22,202.6 35,921.6 32,164.2 34,340.2 28,500.5 30,132.5 31,530.1 22,276.0 24,077.2 24,789.3 27,803.8 23,781.0 24,270.8 20,112.1 21,799.9 20,740.4 16,684.6 1,126.8 599.0 538.4 261.4 261.9 0.1
Debt Metrics
Total Debt 8,286.1 8,561.4 8,430.7 1,393.0 10,942.6 9,087.5 10,025.4 1,538.7 1,922.1 1,893.0 1,973.9 2,121.9 1,974.0 1,799.3 1,811.0 1,504.9 1,249.2 1,242.4 1,241.5 1,353.4 1,262.7 965.6 956.0 947.7 982.2 1,189.5 1,028.9 728.4 1,524.4 1,458.9 1,458.6 1,318.3 1,168.1 1,517.9 5,106.7 6,441.4 6,811.0 7,107.2 7,405.9 7,111.9 6,809.6 0 0 411.9 0 0 0.1
Net Debt 7,809.7 7,719.1 7,660.2 735.1 10,368.7 8,582.9 9,502.8 914.5 1,255.9 1,163.3 1,329.7 1,422.8 1,265.8 1,115.9 1,078.5 993.0 629.0 88.5 165.3 72.2 103.4 (419.1) (659.1) (667.9) (224.7) 631.3 288.2 294.8 1,012.2 1,049.1 1,035.7 900.8 779.6 1,098.7 4,567.4 5,789.6 6,405.9 6,700.3 6,717.5 6,419.7 6,054.8 (71.4) (25.4) 385.8 (1.9) (2.6) 0.1
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 32.3 11.7 338.1 (259.0) (79.1) 276.7 (238.5) 56.3 203.6 (433.2) 306.2 197.4 (176.8) (270.2) 277.6 (72.4) 285.3 (1.3) 66.3 (118.0) 240.2 211.2 201.9 (173.6) (1,869.7) 134.8 305.7 (90.6) (25.9) (554.5) 35.9 139.5 334.8 122.9 104.7 8.7 72.0 341.4 117.8 (17.0) (88.9)
Depreciation & Amortization 5.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3
Stock-Based Compensation 4.4 3.4 (8.5) 1.9 6.5 1.6 1.6 1.6 6.1 1.6 1.6 1.7 6.1 1.7 2.4 3.5 4.2 2.5 2.6 4.6 1.8 2.2 2.9 2.3 2.3 2.6 2.2 2.5 1.9 3.2 3.4 4.1 2.3 (1.1) 3.5 4.3 4.0 4.0 3.5 4.9 2.9
Change in Working Capital (5.8) (4.7) (47.0) 34.2 10.0 (22.8) (4.8) 0.1 (72.6) (16.7) 15.2 67.3 (8.3) 17.1 54.9 42.0 37.3 9.5 9.1 (7.1) 21.7 (4.0) (188.6) 93.9 (45.2) 9.4 (15.0) 42.1 (57.7) 45.2 46.4 1.3 (1.9) 35.3 (7.0) 23.8 (28.2) 50.0 (2.7) (18.8) (11.7)
Other Non-Cash Items 20.5 106.7 (521.9) 322.0 174.5 (276.6) 328.8 85.5 (145.7) 558.0 (200.6) (155.2) 179.2 487.4 34.4 96.5 (378.1) 32.7 151.6 334.2 (327.0) 43.7 209.8 129.5 2,012.8 58.7 30.7 407.7 247.6 687.6 76.0 11.3 (132.3) 30.8 40.3 77.1 114.2 519.9 (550.3) (82.2) (34.2)
Operating Cash Flow 56.6 117.1 (239.2) 99.1 111.9 (21.1) 87.1 143.7 (8.7) 109.7 122.3 111.3 0.1 236.0 369.2 69.5 (51.3) 43.5 229.6 213.8 (63.4) 253.2 226.0 52.2 100.2 205.6 323.6 361.7 165.8 181.5 161.9 156.3 203.1 188.0 142.4 114.1 162.3 915.6 (431.5) (112.8) (131.7)
Investing Activities
Capital Expenditure (1.0) (2.4) (8.6) (91.4) (1.5) (27.5) (43.2) (3.4) (40.1) (11.0) (4.3) (179.8) (117.4) (30.5) (60.9) (50.7) (487.8) (109.5) (268.1) (196.4) (168.2) (336.1) (91.1) (12.8) (182.4) (279.6) (85.0) (38.9) (210.2) (500.9) (193.2) (139.5) (142.8) (156.9) (61.3) (197.5) (68.6) (109.2) (100.5) (56.6) (51.5)
Acquisitions 0 0 0 0 0 0 0 0 (21.0) 11.0 4.3 179.8 117.4 30.5 60.9 50.7 487.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (1,361.8) 0 6,456.5 (3,831.4) (2,771.6) (607.6) (502.9) (1,370.0) (1,523.7) (477.7) (512.1) (357.7) (2,778.7) (1,175.9) (2,262.0) (4,685.9) (2,610.0) (2,336.2) (4.4) (7.8) (146.1) (781.0) (9.9) (2,094.3) (5,410.8) (5,481.2) (5,923.0) (8,760.0) (4,568.7) (6,302.9) (3,101.3) (530.4) (2,770.5) (4,594.1) (4,854.1) (2,037.7) (6,879.5) (7,595.5) (3,769.0) (5,779.5) (4,200.4)
Sales/Maturities of Investments 1,134.8 0 (5,348.5) 4,018.9 1,510.2 1,681.1 101.6 1,452.6 1,685.1 1,013.3 429.0 393.8 1,500.2 2,789.4 1,006.5 2,694.0 2,532.8 1,769.3 1,140.1 3,505.6 3,098.3 2,589.5 1,063.5 2,288.8 17,700.5 2,330.1 7,999.1 3,896.3 4,504.9 6,512.7 6,531.0 2,247.3 2,700.2 3,460.4 1,151.9 2,969.5 2,766.0 8,277.3 3,133.0 1,842.0 2,506.7
Other Investing Activities 188.8 (17.2) 928.1 733.1 (765.0) 178.0 189.5 194.6 (448.1) 241.9 139.9 3.8 208.5 (731.3) (992.3) 1,317.8 (634.3) 92.7 (509.3) (240.1) (48.1) (346.2) (453.8) 1,837.3 (1,479.9) (300.9) 488.0 (2,980.3) 2,717.9 164.6 (1,135.8) (103.3) 578.4 (722.0) (273.9) (316.1) (154.8) (256.2) (97.7) 311.7 (188.4)
Investing Cash Flow (38.1) (17.2) 2,127.5 829.2 (2,027.9) 1,224.0 (254.9) 274.0 (347.7) 777.5 56.8 39.9 (1,070.0) 882.2 (2,247.8) (674.2) (711.5) (474.2) 626.4 3,257.7 2,904.1 1,462.2 599.9 2,031.7 10,809.9 (3,451.9) 2,564.1 (7,844.0) 2,654.1 374.4 2,293.9 1,613.6 508.1 (1,855.7) (3,976.1) 615.8 (4,268.3) 425.6 (733.7) (3,625.8) (1,882.1)
Financing Activities
Net Debt Issuance (271.3) 125.8 (1,745.5) 190.8 (81.1) 20.0 (277.1) (383.9) 28.5 (81.5) (145.7) 149.4 174 (12.3) 305.4 255 6.2 0 (112.8) 90.1 296.4 9 7.6 (35.0) (207.9) 160.0 299.9 (796.3) 65.3 0 140 150 (350) (850.6) (1,342.8) (386.2) (302.3) (221.9) 273.7 275.8 1,002.4
Stock Repurchased 0 0 0 0 0 0 0 0 (11.1) (4.8) 0 (17.0) 0 (51.4) 0 0 0 0 0 0 (275.0) 0 0 0 (1.1) 0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 (61.3)
Dividends Paid (48.9) (49.0) (54.2) (60.4) (58.8) (58.7) (58.7) (58.7) (58.9) (55.7) (55.7) (70.7) (64.5) (72.8) (72.6) (72.6) (72.4) (67.3) (60.5) (60.4) (68.9) (57.3) (57.3) (32.6) (128.1) (128.1) (128.1) (147.2) (135.6) (96.3) (124.0) (96.2) (12.6) (170.4) (95.0) (87.2) (83.4) (80.0) (80.0) (79.9) (92.0)
Other Financing Activities 0 (1.8) 0 (958.2) 1,935.8 (958.3) 328.5 73.3 341.4 (1,093.1) 45.4 (16.9) 481.7 (1,431.0) 2,075.8 85.6 216.2 532.7 (1,226.9) (3,325.4) (3,467.8) (1,232.8) (614.6) (1,853.5) (10,302.7) 3,580.3 (2,600.9) 8,438.4 (3,403.8) (673.2) (2,142.7) (1,942.9) (302.5) 2,756.6 4,980.5 (142.0) 4,324.4 (1,321.0) 967.5 3,480.0 1,181.6
Financing Cash Flow (320.2) 75.1 (1,799.6) (827.8) 1,796.0 (997.0) (7.3) (369.2) 300.0 (1,137.3) (155.9) 44.9 768.9 (1,566.7) 2,313.9 268.1 150.3 659.2 (1,143.6) (3,295.7) (3,515.2) (1,281.0) (664.2) (1,920.9) (10,639.6) 3,612.8 (2,429.0) 7,495.1 (3,138.8) (769.6) (2,126.6) (1,888.9) (665.0) 1,839.4 3,815.5 (615.2) 4,077.6 (1,622.7) 1,161.4 3,675.9 2,030.8
Cash Position
Net Change in Cash (301.8) 175.0 88.6 100.6 (119.9) 205.9 (175.1) 48.4 (56.4) (250.1) 23.3 196.1 (300.9) (448.5) 435.4 (336.5) (612.5) 228.5 (287.6) 175.8 (674.5) 434.4 161.7 163.0 270.5 366.4 458.7 12.8 (318.8) (213.7) 329.3 (119.0) 46.2 171.8 (18.3) 114.7 (28.4) (281.5) (3.8) (62.6) 17.0
Cash at Beginning 1,062.0 886.9 798.3 697.7 817.6 611.7 786.8 738.4 794.8 1,045.0 1,021.7 825.6 1,126.5 1,575.0 1,139.6 1,476.1 2,088.7 1,860.2 2,147.8 1,972.0 2,646.4 2,212.0 2,050.3 1,887.3 1,616.8 1,250.4 791.7 778.9 1,097.8 1,311.5 982.2 1,101.2 1,055.0 883.2 901.4 786.8 815.2 688.4 692.2 754.8 737.8
Cash at End 760.1 1,062.0 886.9 798.3 697.7 817.6 611.7 786.8 738.4 794.8 1,045.0 1,021.7 825.6 1,126.5 1,575.0 1,139.6 1,476.1 2,088.7 1,860.2 2,147.8 1,972.0 2,646.4 2,212.0 2,050.3 1,887.3 1,616.8 1,250.4 791.7 778.9 1,097.8 1,311.5 982.2 1,101.2 1,055.0 883.2 901.4 786.8 406.9 688.4 692.2 754.8
Free Cash Flow 55.6 114.7 (247.9) 7.7 110.4 (48.6) 43.9 140.3 (48.7) 98.7 118.0 (68.5) (117.3) 205.5 308.3 18.9 (539.1) (66.1) (38.4) 17.4 (231.5) (82.9) 135.0 39.3 (82.2) (74.1) 238.6 322.8 (44.4) (319.4) (31.2) 16.8 60.3 31.1 81.0 (83.4) 93.7 806.3 (531.9) (169.3) (183.1)
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
Income Statement
Revenue 218.8 179.4 247.6 119.4 212.0 219.4 126.5 208.8 292.0 24.6 342.5 278.5 14.3 (33.8) 192.1 53.3 (146.5) 151.1 18.9 41.0 (231.3) 136.2 101.1 (578.4) (432.2) 279.2 714.2 503.9 401.2 111.2 187.8 191.2 321.7 245.6 215.0 199.8 203.0 483.4 92.4 7.7 (55.7) 249.1 (13.2) 262.1 117.4 (18.8) 218.3 22.5 (36.9) 272.0 (157.3) 457.0 160.7 26.1 105.6 105.9 74.0 64.1 60.5 40.8 17.4 12.6 11.7 5.2 5.6 2.7 0.0 0.0 0.0 0 0 0 0 0 0
Gross Profit 121.8 176.0 251.9 123.4 214.8 227.0 139.6 219.3 299.2 20.0 319.4 256.8 (10.4) (59.1) 170.9 30.3 (171.2) 129.5 (2.2) 22.3 (256.2) 111.9 69.2 (613.8) (466.6) 241.4 679.7 473.5 369.2 80.4 176.0 167.8 295.0 224.8 196.0 178.4 185.6 463.7 71.6 7.7 (55.7) 249.1 (13.2) 262.1 117.4 (18.8) 218.3 22.5 (36.9) 272.0 (157.3) 457.0 160.7 187.8 105.0 101.4 69.8 62.6 57.1 (1.5) 15.8 14.6 10.8 4.4 5.2 2.7 0.0 0.0 0.0 0 0 0 0 0 0
Operating Income 72.3 121.1 165.5 79.3 53.1 445.7 (94.0) 224.7 375.6 (274.4) 515.7 376.8 (38.2) (146.1) 382.0 (9.4) 356.4 21.0 88.5 (114.5) 285.6 237.3 53.9 (46.7) (1,882.8) 303.0 308.1 (83.3) (35.8) (385.4) 73.5 133.6 338.7 267.8 87.9 3.6 47.5 381.6 103.2 (31.7) (83.5) 219.5 (42.4) 214.5 84.1 (48.7) 188.7 16.4 (63.0) 246.0 (169.0) 437.8 148.7 179.1 88.7 89.6 59.4 54.2 49.5 35.7 14.3 10.4 8.4 3.3 4.2 (6.4) (1.0) (1.4) (0.3) 0.1 (0.2) 0.6 2.0 0.7 0
Net Income 32.3 11.7 (127.9) (259.0) (79.1) 276.7 (238.5) 56.3 203.6 (433.2) 306.2 197.4 (176.8) (270.2) 277.6 (72.4) 285.3 (1.3) 66.3 (118.0) 240.2 211.2 201.9 (173.6) (1,869.7) 134.8 305.7 (90.6) (25.9) (554.5) 35.9 139.5 334.8 165.9 102.1 8.6 72.0 341.4 117.8 (17.0) (88.9) 210.7 (34.8) 221.5 94.8 (37.0) 193.6 39.7 (29.1) 239.4 (192.7) 388.6 143.7 189.3 26.8 24.0 51.8 51.4 54.6 (1.0) 22.4 16.5 9.9 4.1 5.3 (6.4) (0.9) (1.2) (0.2) 0.1 0.5 0.4 1.3 0.7 0
EPS (Diluted) 0.18 -0.02 -1.36 -2.62 -0.89 2.37 -2.42 0.43 1.73 -4.56 2.81 1.80 -1.91 -3.13 2.73 -0.84 2.81 -0.02 0.66 -1.72 2.96 2.72 2.56 -2.54 -27.35 1.64 4.00 -1.33 -0.41 -8.94 0.64 2.72 6.76 3.36 2.08 0.20 1.64 7.84 2.72 -0.39 -2.04 4.72 -0.76 4.80 2.08 -0.81 4.24 0.88 -0.64 5.28 -4.22 8.48 3.76 5.12 0.80 0.88 2.24 3.12 3.36 -0.10 3.92 5.36 3.04 1.44 3.20 -3.03 -0.30 -0.39 -0.06 0.02 0.18 0.16 0.40 0.17
Balance Sheet
Cash & Equivalents 476.3 842.3 770.5 657.8 573.9 504.6 522.6 624.2 666.2 729.7 644.2 699.1 708.2 683.5 732.5 511.9 620.2 1,153.9 1,076.2 1,281.2 1,159.3 1,384.8 1,615.1 1,615.6 1,206.9 558.1 740.7 433.6 512.2 409.8 422.9 417.5 388.4 419.2 539.4 651.7 405.1 406.9 688.4 692.2 754.8 71.4 25.4 26.1 1.9 2.6 0.0
Total Assets 10,533.7 10,859.2 10,866.4 12,959.1 13,683.3 12,204.3 12,887.8 12,849.7 13,161.9 13,138.8 13,916.7 14,010.0 13,940.3 13,466.2 14,695.6 13,737.5 12,273.8 12,114.3 11,484.5 12,502.1 15,991.9 19,515.9 20,587.7 21,482.3 22,202.6 35,921.6 32,164.2 34,340.2 28,500.5 30,132.5 31,530.1 22,276.0 24,077.2 24,789.3 27,803.8 23,781.0 24,270.8 20,112.1 21,799.9 20,740.4 16,684.6 1,126.8 599.0 538.4 261.4 261.9 0.1
Total Debt 8,286.1 8,561.4 8,430.7 1,393.0 10,942.6 9,087.5 10,025.4 1,538.7 1,922.1 1,893.0 1,973.9 2,121.9 1,974.0 1,799.3 1,811.0 1,504.9 1,249.2 1,242.4 1,241.5 1,353.4 1,262.7 965.6 956.0 947.7 982.2 1,189.5 1,028.9 728.4 1,524.4 1,458.9 1,458.6 1,318.3 1,168.1 1,517.9 5,106.7 6,441.4 6,811.0 7,107.2 7,405.9 7,111.9 6,809.6 0 0 411.9 0 0 0.1
Stockholders' Equity 1,731.6 1,787.9 1,771.7 1,886.0 2,146.8 2,122.5 2,169.4 2,195.3 2,240.1 2,203.4 2,117.2 2,216.0 2,245.7 2,183.5 2,144.5 2,483.6 2,629.3 2,744.0 2,734.9 2,484.1 2,720.7 3,088.9 3,019.7 2,835.9 2,904.1 4,970.5 5,019.6 4,868.8 4,774.2 4,254.5 4,676.0 3,480.2 3,467.7 3,571.4 3,941.6 3,588.4 3,602.6 3,401.1 3,478.2 3,418.1 3,370.7 227.4 125.8 121.7 182.7 184.0 0.0
Cash Flow
Operating Cash Flow 56.6 117.1 (239.2) 99.1 111.9 (21.1) 87.1 143.7 (8.7) 109.7 122.3 111.3 0.1 236.0 369.2 69.5 (51.3) 43.5 229.6 213.8 (63.4) 253.2 226.0 52.2 100.2 205.6 323.6 361.7 165.8 181.5 161.9 156.3 203.1 188.0 142.4 114.1 162.3 915.6 (431.5) (112.8) (131.7)
Capital Expenditure (1.0) (2.4) (8.6) (91.4) (1.5) (27.5) (43.2) (3.4) (40.1) (11.0) (4.3) (179.8) (117.4) (30.5) (60.9) (50.7) (487.8) (109.5) (268.1) (196.4) (168.2) (336.1) (91.1) (12.8) (182.4) (279.6) (85.0) (38.9) (210.2) (500.9) (193.2) (139.5) (142.8) (156.9) (61.3) (197.5) (68.6) (109.2) (100.5) (56.6) (51.5)
Free Cash Flow 55.6 114.7 (247.9) 7.7 110.4 (48.6) 43.9 140.3 (48.7) 98.7 118.0 (68.5) (117.3) 205.5 308.3 18.9 (539.1) (66.1) (38.4) 17.4 (231.5) (82.9) 135.0 39.3 (82.2) (74.1) 238.6 322.8 (44.4) (319.4) (31.2) 16.8 60.3 31.1 81.0 (83.4) 93.7 806.3 (531.9) (169.3) (183.1)