United Natural Foods, Inc. logo UNFI - United Natural Foods, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 11
HOLD 26
SELL 6
STRONG
SELL
0
| PRICE TARGET: $39.67 DETAILS
HIGH: $44.00
LOW: $35.00
MEDIAN: $40.00
CONSENSUS: $39.67
DOWNSIDE: 19.55%
Metric 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 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 1999 Q4
Revenue
Revenue 7,947 7,840 7,696 8,059 8,158 7,871 8,155 7,498 7,775 7,552 7,417 7,507 7,816 7,532 7,273 7,242 7,416 6,997 6,735 6,619.8 6,888.1 6,672.6 6,754.6 6,667.7 6,137.6 6,019.6 6,407.1 5,962.6 6,149.2 2,868.2 2,592.2 2,648.9 2,528.0 2,457.5 2,341.0 2,369.6 2,285.5 2,278.4 2,213.8 2,132.1 2,061.3 2,114.6 2,016.5 1,992.5 1,764.7 1,781.7 1,646.0 1,602.0 1,642.4 1,566.2 1,445.7 1,410.0 1,343.7 1,388.0 1,286.9 1,217.4 1,158.6 1,204.0 1,114.4 1,053.0 988.5 985.7 898.2 884.8 853.5 889.5 847.6 864.2 911.9 887.0 830.7 736.4 706.8 732.5 668.5 646.4 619.8 637.1 601.1 575.6 543.0 534.3 504.7 477.5 446.4 448.9 393.2 381.4 366.8 338.4 309.3 285.5 269.7 244.4 244.1 229.7 229.2 231.4 218.5 214.5
Cost of Revenue 6,901 6,789 6,666 6,977 7,086 6,833 7,039 6,555 6,814 6,522 6,451 6,507 6,747 6,436 6,297 6,230 6,341 5,955 5,731 5,653.0 5,897.8 5,706.1 5,754.5 5,811.2 5,362.1 5,248.5 5,584.7 5,174.1 5,387.4 2,455.8 2,216.3 2,240.8 2,156.5 2,090.3 1,972.4 2,003.2 1,940.6 1,929.3 1,868.4 1,809.7 1,744.9 1,788.7 1,717.3 1,673.5 1,474.5 1,483.6 1,377.9 1,330.8 1,357.9 1,303.2 1,204.0 1,174.1 1,112.4 1,143.5 1,063.8 1,000.3 943.3 985.4 915.8 860.6 805.1 803.3 731.6 720.2 691.4 720.8 685.6 696.6 733.9 721.1 676.0 600.9 574.8 602.6 544.5 522.9 500.7 516.9 484.7 465.4 437.7 432.4 409.4 385.1 358.5 361.3 314.5 305.2 292.5 272.4 248.5 228.9 222.3 195.0 194.5 181.9 182.2 187.5 176.4 171.9
Gross Profit 1,046 1,051 1,030 1,082 1,072 1,038 1,116 943 961 1,030 966 1,000 1,069 1,096 976 1,012 1,075 1,042 1,004 966.8 990.4 966.5 1,000.0 856.5 775.5 771.0 822.3 788.5 761.8 412.3 375.9 408.1 371.5 367.2 368.6 366.4 344.9 349.0 345.5 322.4 316.4 325.9 299.2 319.0 290.2 298.1 268.2 271.2 284.5 263.0 241.7 236.0 231.2 244.5 223.1 217.1 215.3 218.5 198.6 192.3 183.3 182.4 166.6 164.6 162.1 168.8 162.1 167.6 177.9 165.8 154.7 135.5 132.0 129.9 124.1 123.6 119.1 120.2 116.4 110.3 105.3 101.9 95.3 92.4 87.9 87.6 78.8 76.2 74.4 66.1 60.8 56.5 47.4 49.5 49.6 47.7 47.0 43.9 42.1 42.6
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 0 0 1,017 0 0 0 1,053 905 922 (3) 981 (8) (7) (7) 905 (10) 875 863 904 800.1 (17.1) (17.0) 882.7 (12.8) (3.3) (11.4) 1,105.0 (10.9) (10.9) (0.8) 316.6 325.8 320.1 312.1 304.2 297.5 298.7 295.7 281.3 255.5 251.8 256.9 249.4 258.7 238.5 234.9 219.3 223.2 228.4 209.1 202.7 197.8 188.4 195.9 185.8 185.7 166.9 0 166.9 0 0 0 0 0 278.8 0 136.2 142.5 154.0 141.0 135.1 111.3 108.2 104.8 101.7 100.3 96.5 97.3 96.1 95.5 85.9 82.7 78.6 74.6 71.0 71.4 65.4 62.9 63.5 55.2 50.2 47.2 44.0 41.4 40.8 39.9 40.6 45.6 40.6 39.8
Other Expenses 972 996 91 1,067 1,031 1,033 61 1 1 1,023 1,004 975 1,013 1,000 0 969 12 9 38 18.1 18.8 17.8 0 13.7 3.8 11.4 13.2 10.0 11.7 0.7 0.2 0.0 0.4 0.9 0 (0.5) 0.1 (0.4) (0.4) 0.6 (1.8) 0 0.0 (0.6) 0 0.2 (0.6) (0.0) (1.0) (0.1) (0.2) 0 0 0 0 0 179.7 179.6 0 162.7 157.1 148.6 139.0 137.4 133.5 138.3 (0.0) 0 0 0 0 0 0 0 0.9 0.2 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.1 0.2 0.7 0.2 0.2 1.6 0.1 0.0 0.0 (5.6) 1.9 1.8 1.9 1.9 1.9 1.9 2.9
Operating Expenses 972 996 1,108 1,067 1,031 1,015 1,114 905 922 1,020 997 967 1,006 993 905 969 944 932 951 866.5 866.9 901.0 884.1 774.4 750.8 775.4 776.9 737.7 751.9 363.2 321.6 325.8 320.1 312.1 304.2 297.5 298.7 295.7 282.2 256.4 251.3 256.9 249.4 260.0 238.9 235.5 219.3 223.2 228.4 209.1 202.7 197.8 188.4 195.9 185.8 185.7 179.7 179.6 166.9 162.7 157.1 148.6 139.0 137.4 133.5 138.3 136.2 142.5 154.0 141.0 135.1 111.3 108.2 104.8 102.6 100.4 96.7 97.5 96.2 95.7 86.0 82.8 78.7 74.7 71.1 72.1 65.6 63.2 65.1 55.2 50.3 47.3 38.4 43.3 42.6 41.8 42.5 47.5 42.5 42.7
Operating Income
Operating Income 95 74 (78) 15 27 5 2 38 39 (16) (75) 33 63 99 71 54 125 107 45 90.5 105.3 49.3 79.0 71.7 (5.1) 7.1 66.3 69.7 (408.1) (18.8) 49.8 82.2 40.2 55.1 61.5 64.9 46.3 53.3 62.5 66.0 65.1 69.0 49.5 58.4 51.3 62.6 48.8 48.0 56.1 53.9 39.0 36.6 43.0 48.6 37.5 26.1 29.4 38.9 31.7 29.7 26.3 33.8 27.6 27.2 28.6 30.4 25.9 25.0 23.9 24.8 19.6 24.2 23.8 25.1 21.4 23.1 22.4 22.7 20.2 14.6 19.3 19.1 16.6 17.5 16.8 15.5 13.2 13.0 8.5 10.8 10.5 8.8 14.9 6.2 7.0 5.9 4.5 (3.6) (0.4) (0.1)
Interest Expense 32 34 35 36 38 36 45 43 45 41 55 33 33 35 29 36 38 40 41 31 57.0 34 34.0 48.3 48.7 49.5 58.8 54.9 58.7 7.7 4.1 4.5 4.2 3.7 3.9 4.2 4.4 4.5 4.5 4.4 3.8 3.9 3.6 3.3 1.8 2.3 1.8 1.9 2.0 1.6 1.4 1.0 1.2 1.1 1.4 1.1 1.2 1.1 1.3 1.4 1.4 1.5 1.6 1.4 1.6 1.7 3.5 0 3.2 4.2 0 0 2.1 0 0 0 2.4 2.4 2.9 2.1 0.2 1.6 1.3 1.6 1.0 1.3 1.1 1.5 1.6 1.3 5.4 0 2.4 1.8 1.4 1.5 1.4 6.2 1.4 3.2
Interest Income 1 0 1 0 0 0 1 1 0 1 1 1 (3) 0 1 0 0 0 0 0 0.3 1 0.2 1.2 0.1 0.1 0 0 0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.5 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.8 0.1 0.2 0.0 0.1 0.0 0.1 0.1 0.0 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 0 0 0 0
Profitability
EBITDA 169 102 5 100 113 91 86 113 117 64 10 118 137 179 151 125 197 182 147.0 185 196.7 109.3 159.2 221.6 155.3 (359.8) 156.2 146.6 (331.7) 5.8 81.0 104.0 73.3 78.5 86.5 90.4 67.7 74.3 81.8 85.0 11.2 86.5 65.2 74.4 65.0 75.6 60.6 59.3 66.4 64.2 49.8 48.5 53.2 58.9 47.3 35.7 1.5 49.7 40.9 38.3 36.2 40.8 34.4 33.9 35.4 37.3 32.7 25.0 30.7 24.8 19.6 24.2 28.4 25.1 21.4 23.1 26.9 22.7 20.2 18.4 22.9 22.6 19.9 20.8 19.6 18.8 16.0 15.8 12.0 13.5 12.8 10.1 11.1 8.1 8.8 7.8 6.4 (1.7) 1.5 2.8
EBIT 95 25 (74) 19 32 11 (5) 10 18 (14) (70) 41 64 105 76 130 128 113 72.0 105 130.1 32.1 192.6 135.7 18.4 (408.6) 62.7 74.8 (404.9) (18.9) 50.1 82.2 40.6 55.1 64.4 68.9 46.3 53.3 61.7 67.1 63.3 73.5 49.6 57.9 55.7 63.0 48.4 48.1 55.2 53.9 38.9 32.0 42.7 49.0 37.7 26.1 29.4 40.1 32.0 29.9 28.9 34.0 27.7 27.3 28.7 30.3 25.7 25.0 23.9 24.8 19.6 24.2 23.8 25.1 21.4 23.1 22.4 22.7 20.2 14.6 19.3 19.1 16.6 17.7 16.8 15.5 13.2 13.0 9.3 10.8 10.5 9.2 9.0 6.2 7.0 5.9 4.5 (3.6) (0.4) (0.1)
Income Before Tax 23 (9) (109) (16) (5) (24) (44) (26) (19) (48) (103) 7 31 72 44 97 93 76 43 65.1 73.2 (2.0) 45.1 38.3 (49.9) (482.1) 20.7 24.7 (455.1) (25.6) 46.0 77.8 36.5 52.4 63.5 60.3 42.0 48.5 57.7 62.7 59.6 69.6 46.0 54.6 53.9 60.7 46.6 46.3 53.3 52.3 37.6 31.0 41.5 47.9 36.3 25.0 28.3 38.9 30.7 28.5 27.5 32.5 26.1 25.9 27.1 28.6 22.5 21.9 20.4 20.7 14.7 21.4 21.5 22.5 17.9 20.4 19.8 20.1 17.1 12.4 18.4 17.4 15.1 16.2 15.7 14.1 11.5 11.1 8.1 9.2 6.9 8.7 7.0 4.3 5.4 4.3 2.9 (7.5) (1.7) (2.3)
Income Tax Expense 3 (5) (23) (9) (3) (4) (7) (6) (5) (9) (36) (1) 9 5 3 29 25 (1) 2 16.8 16.4 (1.0) (7.9) (14.8) (17.7) (73.8) 19.5 (8.0) (91.8) (4.3) 13.2 25.9 (14.0) 21.9 24.7 23.7 16.5 19.3 23.0 24.4 23.5 27.8 18.2 21.6 20.5 24.3 18.6 18.5 21.2 20.7 15.0 9.4 16.4 18.9 14.3 9.9 11.1 15.6 12.0 11.1 9.9 13.0 10.4 10.4 11.6 11.8 8.9 8.7 7.6 7.7 5.6 7.9 8.4 8.8 7.0 7.9 7.1 7.8 6.5 4.7 6.6 6.7 5.9 6.3 6.1 5.5 4.5 4.3 3.2 3.7 2.7 3.5 2.8 1.7 2.2 1.7 1.2 (3) (0.7) (1)
Net Income 20 (4) (87) (7) (3) (21) (37) (21) (15) (39) (68) 7 19 66 39 67 66 76 43 48.6 59.0 (1.0) 52.4 88.1 (30.7) (383.9) 18.9 57.1 (341.7) (19.3) 32.8 51.9 50.5 30.5 38.9 36.6 25.5 29.2 34.7 38.3 36.1 41.8 27.8 33.0 33.4 36.4 28.0 27.8 32.1 31.6 22.6 21.5 25.1 29.0 22.0 15.2 17.2 23.4 18.7 17.4 17.6 19.5 15.7 15.5 15.5 16.8 13.6 13.2 12.8 13.0 9.1 13.6 13.1 13.7 10.9 12.4 12.7 12.3 10.6 7.7 11.8 10.7 9.2 9.9 9.6 8.6 7.0 6.8 5.0 5.5 4.1 5.2 4.2 2.6 3.3 2.5 1.8 (4.5) (1) (1.3)
Per Share Data
EPS (Basic) 0.33 -0.07 -1.43 -0.12 -0.05 -0.35 -0.63 -0.35 -0.25 -0.66 -1.16 0.12 0.32 1.12 0.67 1.15 1.13 1.34 0.75 0.86 1.05 -0.02 0.96 1.64 -0.57 -7.21 0.36 1.12 -6.73 -0.38 0.65 1.03 1.00 0.60 0.77 0.72 0.50 0.58 0.69 0.76 0.72 0.83 0.56 0.66 0.67 0.73 0.56 0.56 0.65 0.64 0.46 0.44 0.51 0.59 0.45 0.31 0.35 0.48 0.39 0.39 0.39 0.45 0.36 0.36 0.36 0.39 0.32 0.31 0.30 0.30 0.21 0.32 0.31 0.32 0.26 0.29 0.30 0.29 0.26 0.19 0.28 0.26 0.23 0.25 0.24 0.22 0.18 0.18 0.13 0.14 0.11 0.14 0.11 0.07 0.09 0.07 0.05 -0.12 -0.03 -0.04
EPS (Diluted) 0.32 -0.07 -1.43 -0.12 -0.05 -0.35 -0.62 -0.35 -0.25 -0.66 -1.16 0.12 0.31 1.07 0.64 1.10 1.08 1.25 0.69 0.80 1.00 -0.02 0.89 1.60 -0.57 -7.21 0.36 1.12 -6.72 -0.38 0.64 1.02 0.99 0.60 0.76 0.72 0.50 0.58 0.69 0.76 0.72 0.83 0.55 0.66 0.67 0.73 0.56 0.56 0.65 0.64 0.46 0.43 0.51 0.59 0.45 0.31 0.35 0.48 0.39 0.39 0.39 0.45 0.36 0.36 0.36 0.39 0.32 0.31 0.30 0.30 0.21 0.32 0.31 0.32 0.25 0.29 0.30 0.29 0.25 0.18 0.28 0.26 0.22 0.24 0.23 0.21 0.18 0.17 0.12 0.14 0.11 0.14 0.11 0.07 0.09 0.07 0.05 -0.12 -0.03 -0.04
Shares Outstanding 60.9 60.7 60.6 60.5 60.2 59.6 58.7 59.4 59.4 58.7 58.6 59.4 59.8 58.8 58.5 58.4 58.3 57 56.5 56.5 56.1 55.2 54.7 53.7 53.5 53.2 52.6 50.8 50.8 50.6 50.4 50.4 50.4 50.8 50.6 50.6 50.6 50.5 50.4 50.4 50.1 50.1 50.0 49.9 49.7 49.6 49.6 49.4 49.3 49.3 49.3 49.1 49.0 48.8 48.8 48.6 48.6 48.4 48.2 44.8 44.8 43.2 43.0 43.0 43.0 42.9 42.8 42.8 42.8 42.7 42.7 42.6 42.6 42.6 42.4 42.1 42.1 41.9 41.4 41.3 41.3 40.9 40.4 40.1 40.1 39.6 39.2 39.1 39.1 38.2 38.2 37.8 37.3 36.8 36.6 36.6 36.5 36.5 33.3 33.3
Metric 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 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
Current Assets
Cash & Cash Equivalents 52 38 44 52 44 37 40 39 34 37 37 38 40 39 44 48 45 46 41 39.5 40.5 49.0 47.0 56.4 40.1 39.8 42.4 37.9 49.5 53.9 23.3 21.8 25.4 21.2 15.4 16.1 30.7 13.6 18.6 19.3 8.0 14.9 10.3 24.6 7.5 20.5 8.9 10.1 3.6 11.8 4.4 11.2 6.5 7.8 2.8 9.4 1.9 3.3 3.8 4.8 2.8 12 1.8 1.5 1.4 2.3 3.5 0.5 1 0 0.1 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 994 1,028 1,093 998 1,030 1,103 953 971 990 1,013 889 985 992 1,351 1,214 1,228 1,241 1,249 1,103 1,106.6 1,136.1 1,165.9 1,120 1,232.6 1,074.9 1,136.9 1,067.0 1,049.3 1,094.9 1,114.0 579.7 635.2 629.4 598.7 525.6 547.8 514.9 534.3 489.7 478.6 201.2 199.9 181.3 194.4 192.9 168.8 100.4 94.5 90.7 85.2 86.9 84.8 90.6 88.0 82.6 74.6 69.9 77.3 77 72.1 61.7 60.1 61.2 58.3 48.8 49.3 50.5 49.7 43.8 31.1 26.1 28.9
Inventory 1,989 2,237 2,095 2,191 2,227 2,402 2,179 2,232 2,311 2,648 2,292 2,465 2,512 2,756 2,355 2,559 2,426 2,537 2,247 2,293.9 2,228.8 2,446.6 2,280.8 2,025.7 2,134.9 2,325.0 2,089.4 2,214.9 2,242.7 2,405.0 1,135.8 1,195.9 1,140.9 1,167.5 1,031.7 1,042.0 992.6 1,077.9 1,021.7 984.9 393.6 412.6 366.6 406.6 468.5 302.5 175.6 175.9 158.3 151.7 150.4 131.9 139.8 113.2 107.4 107.9 104.5 101.9 111.9 101.9 90.7 99 99.8 100.5 91.1 90.3 78 78.8 45 48.6 38.7 42.2
Other Current Assets 212 194 191 192 180 201 230 269 246 259 245 204 197 0 0 0 0 0 2 4.9 4.7 5.7 3 128.9 145.4 155.9 56.1 147.5 159.9 758.1 50.1 42.0 61.5 51.5 89.9 89.0 100.3 78.7 81.2 32.3 18.1 18.1 18.1 14.2 14.2 10.9 7.9 6.0 7.2 4.9 4.6 4.7 4.4 4.0 11.2 11.1 12.8 13.9 15.9 14.5 11.4 8.9 8 6.3 4.9 5.5 4.6 4.1 5.1 2.9 2.3 2.4
Total Current Assets 3,247 3,497 3,423 3,433 3,481 3,743 3,402 3,511 3,581 3,957 3,463 3,692 3,741 4,360 3,797 3,980 3,864 4,019 3,550 3,585.8 3,648.7 3,940.5 3,704.9 3,723.5 3,619.5 3,850.0 3,567.9 3,635.1 3,666.7 4,490.0 1,788.9 1,894.8 1,857.2 1,838.9 1,662.7 1,695.0 1,638.4 1,704.6 1,611.2 1,563.6 634.7 657.1 592.6 656.9 695.5 510.6 299.2 292.1 265.5 261.5 252.4 237.1 246.9 218.3 204.0 203.1 189.2 196.5 208.6 193.3 166.6 180 170.8 166.6 146.2 147.4 136.6 133.1 80.5 82.6 67.2 73.5
Non-Current Assets
Property, Plant & Equipment 3,070 3,127 3,223 3,276 3,339 3,299 3,190 3,172 3,196 2,962 2,995 2,971 2,937 2,871 2,866 2,830 2,861 2,864 2,848 2,803.1 2,688.6 2,673.4 2,684.0 2,518.3 2,532.7 2,545.4 1,639.3 1,648.2 1,658.0 1,544.0 571.1 574.2 578.1 588.6 602.1 603.4 604.6 608.3 616.6 567.3 245.8 245.8 242.1 239.3 240.0 163.4 105.2 100.9 101.2 98.0 92.4 82.7 80.8 62.1 61.8 55.2 52.6 48.0 42.7 43.7 43.8 44.6 47.2 47.4 44.4 42.5 32.7 32.3 20.4 20.5 20.6 21.1
Goodwill 19 19 19 19 19 19 19 20 20 19 20 20 20 20 20 20 20 20 20 20.5 20.1 19.7 19.6 19.1 19.7 19.8 442.3 471.8 481.1 708.0 362.5 362.9 363.8 370.8 371.3 369.2 370.4 375.2 366.2 319.3 164.3 164.3 164.3 166.5 166.5 79.9 0.7 0 57.4 0 45.0 31.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 542 558 576 593 611 631 649 668 685 703 722 765 783 801 819 837 855 873 891 909.6 928.1 946.6 969.6 956.7 978.2 999.6 1,041.1 1,071.9 1,054.2 1,278.2 193.2 197.0 200.8 204.4 208.3 211.8 215.7 219.5 222.3 160.7 37.9 37.8 38.4 40.2 38.7 6.0 57.2 58.6 1.0 61.9 0 0 31.7 27.7 26.3 26.6 26.8 27.0 26.1 26.3 26.6 26.8 28.4 28.7 19.7 20.5 9 8.7 8.2 8.4 9.2 8.8
Long-Term Investments 13 0 7 7 0 0 2 11 8 11 12 0 0 22 13 14 14 16 17 18.8 0 0 0 0 0.0 0.1 0.1 (43.2) (75.5) (223.0) 5.9 (37.3) (36.3) (59.0) 2.5 (35.2) (35.2) (35.2) (35.2) (32.3) (17.3) 0 (15.9) 0 (14.2) (10.9) 0 0 (6.5) 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 196 198 185 199 196 188 179 170 147 164 150 193 154 125 113 166 145 158 142 77.7 96.9 96.5 101.2 415.4 436.4 449.8 459.2 500.2 538.3 567.5 48.7 50.0 49.8 43.5 42.3 41.3 40.9 35.5 35.9 35.0 18.3 20.9 19.0 21.0 20.9 17.8 6.1 4.8 5.0 5.1 3.0 2.5 3.9 2.0 2.0 1.4 1.6 0.8 1.2 1.3 0.9 2.5 2 1.6 1.9 1.9 2 2.2 1.9 1.5 1.7 1.8
Total Non-Current Assets 3,998 4,064 4,172 4,184 4,250 4,223 4,126 4,074 4,090 3,891 3,931 3,949 3,894 3,839 4,316 3,898 3,937 3,980 3,975 3,935.0 3,841.4 3,843.1 3,882.1 3,977.3 4,063.0 4,113.5 3,613.0 3,692.1 3,731.6 4,097.6 1,175.6 1,184.1 1,192.5 1,207.4 1,223.9 1,225.6 1,231.6 1,238.5 1,241.0 1,082.3 467.1 468.8 465.9 467.0 466.1 267.0 169.2 164.4 164.6 164.9 141.3 117.4 116.4 91.8 90.1 83.2 81.0 75.8 70 71.3 71.3 73.9 77.6 77.7 66 64.9 43.7 43.2 30.5 30.4 31.5 31.7
Total Assets 7,245 7,561 7,595 7,617 7,731 7,966 7,528 7,585 7,671 7,848 7,394 7,641 7,635 8,199 8,113 7,878 7,801 7,999 7,525 7,520.8 7,490.1 7,783.6 7,587.0 7,700.8 7,682.4 7,963.5 7,181.0 7,327.2 7,398.3 8,587.6 2,964.5 3,078.8 3,049.7 3,046.3 2,886.6 2,920.6 2,870.0 2,943.0 2,852.2 2,645.9 1,101.8 1,125.9 1,058.5 1,123.9 1,161.5 777.6 468.4 456.5 430.1 426.4 393.7 354.5 363.3 310.1 294.1 286.2 270.2 272.3 278.6 264.6 237.9 253.9 248.4 244.3 212.2 212.3 180.3 176.3 111 113 98.7 105.2
Current Liabilities
Account Payables 1,788 1,926 1,875 1,773 1,768 1,906 1,688 1,677 1,722 1,934 1,781 1,837 1,797 1,924 1,742 1,715 1,737 1,896 1,644 1,600.0 1,618.3 1,729.8 1,633.4 1,716.3 1,462.8 1,606.5 1,476.9 1,472.2 1,452.6 1,485.8 517.1 543.6 627.1 638.5 534.6 547.0 449.5 514.4 445.4 451.2 172.3 205.8 155.2 151.5 197.5 134.2 79.1 89.8 67.2 70.3 67.6 52.8 65.0 66.8 54.0 57.2 39.4 48.1 47.5 45.7 33.4 34.4 30.7 37.4 32 30.9 32 38.7 30.5 19.4 17.1 22.3
Short-Term Debt 157 157 181 9 165 190 4 11 12 16 18 21 23 14 27 19 38 42 255 45.3 59.6 50.3 0 64.9 41.5 39.9 112.1 133.7 143.6 730.4 12.4 12.4 12.3 12.2 12.1 12.0 12.0 11.9 11.9 11.8 190.8 190.0 205.0 302.0 304.2 120.3 112.0 100.6 101.5 140.0 120.6 108.8 109.0 70.5 73.0 66.1 71.8 69.0 75.2 55 45.7 55.2 65.3 57.6 40.4 59.6 40.2 37.1 9 17.9 34.6 34.9
Deferred Revenue 0 0 0 0 0 0 7 0 0 (16) (18) 0 0 428 8 0 0 0 584 495.4 493.8 463.5 107.6 453.7 409.9 411.2 31.1 380.1 448.8 476.0 44.4 87.0 84.7 72.1 40.6 76.2 77.9 68.8 110.7 0 0 0 0 0 0 0 24.0 22.2 26.3 26.7 20.2 18.2 23.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 493 445 546 196 461 434 204 1 1 0 1 165 166 1 0 0 0 1 (204) 8.9 9.1 10.9 376.8 137.9 345.9 326.8 371.7 343.5 411.1 112.5 0 89.1 74.6 92.7 70.5 75.6 66.6 88.0 80.2 0 0 0 0 0 0 0 0.2 9.0 6.1 7.1 9.2 5.6 1.7 0 12.2 12.3 12.2 13.1 15.7 19.7 13.7 16.1 10.5 11.5 8.2 10 7 10.5 (7.9) 5.5 5.4 5.1
Total Current Liabilities 2,438 2,528 2,602 2,432 2,394 2,530 2,365 2,318 2,336 2,577 2,405 2,455 2,396 2,565 2,417 2,389 2,555 2,691 2,487 2,264.9 2,293.6 2,374.2 2,370.1 2,477.6 2,159.0 2,280.3 2,108.9 2,102.1 2,179.1 2,832.8 699.2 732.2 798.7 815.6 704.0 710.8 606.1 683.0 619.7 603.2 432.2 474.7 423.6 523.0 576.8 287.7 215.4 221.6 201.2 244.2 217.5 185.4 199.1 152.2 139.1 135.7 123.4 130.2 138.4 120.4 92.8 105.7 106.5 106.5 80.6 100.5 79.2 86.3 31.6 42.8 57.1 62.3
Non-Current Liabilities
Long-Term Debt 3,079 3,312 3,270 1,959 2,068 3,648 2,081 2,148 2,176 2,296 1,956 2,022 2,065 2,485 2,109 2,377 2,309 2,376 2,175 2,361.8 2,440.6 2,620.6 2,427 2,541.7 2,917.1 3,051.2 2,819.1 2,944.0 2,965.3 3,239.7 347.7 469.7 430.8 434.8 373.5 457.1 549.4 582.4 588.3 433.2 51.3 52.6 53.9 56.5 57.7 67.5 46.1 37.8 38.5 10.5 10.9 7.7 6.7 25.1 27.6 28.3 28.5 25.7 25.1 25.2 25.8 26 26.1 26.9 25.9 28.4 22.9 16 16.6 10.7 23 21.8
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 478 13 14 17 493 0 0 0 485 0 0 0 0 1.0 1.0 1.0 1.0 43.2 75.5 223.0 44.4 37.3 36.3 59.0 98.8 95.3 95.7 96.2 95.2 89.8 12.3 12.3 12.3 10.4 11.0 9.0 2.2 2.2 2.2 0 0 0 0 0.6 0.9 0.6 0.4 1.4 1.8 1.3 0.7 2.5 1.7 1.7 1.4 0.7 0.7 0.7 0.7 0.2 0.4 0.4
Other Non-Current Liabilities 176 173 169 163 158 163 166 157 162 176 178 172 190 199 212 217 236 325 352 483.4 497.4 614.3 630.6 489.7 481.4 489.0 632.8 584.7 570.5 279.1 (4.3) 27.3 29.1 28.9 28.3 28.2 28.6 28.9 29.5 29.3 25.4 24.8 24.3 24.5 20.6 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0 (0.1) (0.1) 0 (0.1) 0 (0.1) 0 (0.1) 0 0 1.1
Total Non-Current Liabilities 3,255 3,485 3,439 3,561 3,712 3,811 3,522 3,586 3,643 3,572 3,245 3,344 3,394 3,799 3,904 3,705 3,563 3,721 3,524 3,954.8 3,967.4 4,261.5 4,074.6 4,055.2 4,424.3 4,560.0 3,561.1 3,694.9 3,735.9 3,924.5 419.3 534.4 496.2 522.6 500.7 580.5 673.7 707.5 712.9 552.3 89.0 89.7 90.5 91.4 89.3 77.4 48.5 40.4 41.4 11.8 11.8 8.7 8.4 28.0 28.5 28.9 28.9 27.1 27 26.5 26.5 28.4 27.7 28.6 27.2 29.1 23.5 16.7 17.2 10.9 23.4 23.3
Total Liabilities 5,693 6,013 6,041 5,993 6,106 6,341 5,887 5,904 5,979 6,149 5,650 5,799 5,790 6,364 6,321 6,094 6,118 6,412 6,011 6,219.8 6,261.1 6,635.7 6,444.7 6,532.8 6,583.3 6,840.3 5,670.0 5,797.0 5,914.9 6,757.3 1,118.5 1,266.5 1,294.9 1,338.2 1,204.6 1,291.4 1,279.8 1,390.6 1,332.7 1,155.5 521.3 564.3 514.1 614.5 666.1 365.1 263.9 262.0 242.5 256.0 229.3 194.1 207.5 180.1 167.6 164.6 152.3 157.3 165.4 146.9 119.3 134.1 134.2 135.1 107.8 129.6 102.7 103 48.8 53.7 80.5 85.6
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 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 0.4 0.4 0.4 0.4 0.4 0.4 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 1,036 1,016 1,020 1,107 1,114 1,117 1,138 1,175 1,196 1,211 1,250 1,318 1,311 1,292 1,226 1,187 1,120 1,054 978 934.9 886.3 827.4 837.6 786.4 698.3 729.0 1,108.9 1,096.6 1,039.5 1,381.2 1,400.2 1,367.4 1,315.6 1,265.1 1,235.4 1,196.5 1,159.9 1,134.4 1,105.2 1,075.0 408.6 393.0 377.4 345.1 331.5 256.7 116.6 109.6 102.8 92.1 86.6 82.6 78.5 61.2 57.9 55.3 52.0 49.5 47.7 52.2 53.2 52.5 49.5 44.6 39.8 35.3 28.5 24.3 25 22.1 16.6 18
Accumulated Other Comprehensive Income (41) (43) (42) (47) (46) (45) (47) (33) (35) (33) (28) (15) (9) (5) (20) 22 (9) (24) (39) (197.1) (213.5) (225.7) (237.9) (151.6) (108.4) (111.7) (109.0) (43.4) (25.9) (14.7) (14.2) (12.6) (10.2) (15.5) (14.0) (20.4) (17.9) (22.7) (22.4) (18.6) (1.6) (1.6) (1.6) (2.8) (2.0) (1.3) (2.0) (1.9) (1.5) (2.0) (2.1) (2.1) (2.1) (2.3) (2.3) (2.4) (2.4) (2.5) (2.5) (2.5) (2.6) (26.2) (26.2) (24.9) (23.6) (22.8) (21.9) (21) (11.9) (5.9) 0 0
Total Stockholders' Equity 1,551 1,547 1,551 1,625 1,625 1,625 1,641 1,681 1,692 1,699 1,743 1,841 1,842 1,835 1,791 1,785 1,684 1,589 1,515 1,302.4 1,230.2 1,150.1 1,144.7 1,169.8 1,102.1 1,126.6 1,513.7 1,532.2 1,485.4 1,831.9 1,846.0 1,812.3 1,754.7 1,708.1 1,681.9 1,629.2 1,590.2 1,552.5 1,519.5 1,490.4 580.6 561.6 544.5 509.5 495.4 412.5 204.5 194.5 187.6 170.4 164.4 160.4 155.8 130 126.5 121.7 118.0 115.0 113.2 117.7 118.6 119.8 114.2 109.2 104.4 82.7 77.6 73.3 62.2 59.3 18.2 19.6
Total Liabilities & Equity 7,245 7,561 7,595 7,617 7,731 7,966 7,528 7,585 7,671 7,848 7,394 7,641 7,635 8,199 8,113 7,878 7,801 7,999 7,525 7,520.8 7,490.1 7,783.6 7,587.0 7,700.8 7,682.4 7,963.5 7,181.0 7,327.2 7,398.3 8,587.6 2,964.5 3,078.8 3,049.7 3,046.3 2,886.6 2,920.6 2,870.0 2,943.0 2,852.2 2,645.9 1,101.8 1,125.9 1,058.5 1,123.9 1,161.5 777.6 468.4 456.5 430.1 426.4 393.7 354.5 363.3 310.1 294.1 286.2 270.2 272.3 278.6 264.6 237.9 253.9 248.4 244.3 212.2 212.3 180.3 176.3 111 113 98.7 105.2
Debt Metrics
Total Debt 3,236 3,469 3,451 3,582 3,719 3,838 3,548 3,626 3,680 3,593 3,265 3,344 3,374 2,499 3,382 3,667 3,618 3,687 3,427 3,586.4 3,576.8 3,818.3 3,658.7 3,736.7 4,105.4 4,231.7 3,039.4 3,200.6 3,233.5 3,970.1 360.1 482.2 443.2 447.0 385.6 469.1 561.4 594.3 600.1 445.0 242.1 242.6 258.9 358.4 361.9 187.8 158.3 138.8 140.7 151.9 132.4 117.5 117.4 97.8 100.6 94.4 100.3 94.8 100.3 80.2 71.5 81.2 91.4 84.5 66.3 88 63.1 53.1 25.6 28.6 57.6 56.7
Net Debt 3,184 3,431 3,407 3,530 3,675 3,801 3,508 3,587 3,646 3,556 3,228 3,306 3,334 2,460 3,338 3,619 3,573 3,641 3,386 3,546.9 3,536.3 3,769.2 3,611.7 3,680.3 4,065.3 4,191.9 2,997.0 3,162.7 3,184.0 3,916.2 336.8 460.4 417.8 425.8 370.2 453.0 530.8 580.7 581.5 425.6 234.1 227.8 248.6 333.8 354.4 167.2 149.5 128.6 137.0 140.0 128.0 106.3 110.9 90.0 97.8 85.0 98.4 91.4 96.5 75.4 68.7 69.2 89.6 83 64.9 85.7 59.6 52.6 24.6 28.6 57.5 56.7
Metric 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 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 20 (4) (87) (7) (3) (21) (37) (21) (15) (39) (68) 7 19 66 39 67 66 76 40 48 55.2 (1) 53 92.2 (14.6) (388.0) 21.6 32.7 (363.1) (21.4) 32.8 51.9 50.5 30.5 38.9 36.6 25.5 29.2 34.7 38.3 10.7 9.2 9.9 7.0 6.8 5.0 5.8 5.5 4.0 4.1 5.3 5.2 2.6 4.2 3.3 2.6 2.5 1.7 (4.5) (1) (1.3) 5.1 4.9 4.8 4.4 5.1 4.2 (0.6) 2.8 2.9 2.2 1.4
Depreciation & Amortization 74 77 79 81 81 80 91 76 74 78 80 77 73 74 75 72 69 69 75 66 66.5 77 68 69.6 69.2 75.1 77.1 71.8 73.2 24.8 20.5 21.7 21.8 22.4 22.1 21.5 21.2 21.2 20.0 18.1 3.5 3.3 3.1 2.8 2.7 2.7 2.6 2.7 2.4 2.3 2.1 2.0 1.8 2.1 2.1 1.9 1.9 1.9 1.9 1.9 2.9 3.1 1.5 1.7 1.7 1.4 1.6 1.4 1.1 1 1.1 1.2
Stock-Based Compensation 0 11 0 0 11 0 12 0 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.9 6.6 7.3 7.0 0 7.4 6.7 2.6 3.2 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 0 0
Change in Working Capital 155 (159) 212 78 156 (180) 170 48 106 (319) 185 7 407 (429) 131 (206) (45) (246) 177.4 10.0 129.0 (164) (90.3) 186.8 49.0 (202.5) 154.1 (67.4) 55.4 (118.1) 93.5 (84.4) (2.4) (134.5) 56.6 0.7 47.3 (66.6) 29.1 11.0 (0.1) (30.7) (8.7) (26.3) 0.4 (7.0) (5.4) 0.5 7.0 (0.5) (10.8) (11.5) 3.0 (7.3) 6.2 (11.9) (4.5) 9.5 (19) (7) 0.8 8.2 (12.1) (10.8) (1.3) (3.3) (13.2) 0.4 (0.7) (7.1) (5.8) (1.8)
Other Non-Cash Items 30 37 9 25 1 11 12 22 18 20 63 40 34 25 62 (7) 34 20 (12.0) 6.2 17.0 28 27.6 21.6 68.9 442.2 (49.7) 14.1 434.2 6.5 10.8 (18.0) 15.8 1.4 (5.2) 7.4 2.8 2.2 0.7 0.2 0.4 0.5 0.5 (0.1) 0.3 2.5 0.6 0.4 2.8 2.6 0.1 (0.5) 4.3 0.8 1.9 0.6 0.0 1.4 2.2 0.4 0.8 (1.5) 0.6 0.5 1.3 0.7 0.7 (0.1) 0.8 0.1 0.7 0.8
Operating Cash Flow 283 (38) 160 174 246 (110) 199 125 183 (254) 222 132 532 (262) 362 (74) 124 (81) 277.6 129.0 264.7 (58) 4.7 413.2 174.0 (134.9) 207.3 51.3 132.9 (107.0) 164.6 (20.0) 68.6 (72.0) 117.7 66.2 104.2 (7.3) 91.0 81.0 14.5 (17.6) 4.8 (16.6) 10.6 3.1 3.6 9.1 16.2 8.4 (3.6) (5.2) 11.4 (1.4) 12.9 (6.7) (1.0) 13.6 (18.9) (5.3) 2.4 15 (5.4) (3.7) 6.1 3.9 (6.7) 1.2 4 (3.3) (1.8) 1.6
Investing Activities
Capital Expenditure (40) (16) (74) (54) (54) (49) (128) (76) (67) (74) (105) (67) (84) (67) (93) (52) (50) (56) (144.5) (73.5) (50.1) (41) (46.2) (35.7) (46.1) (45.0) (91.5) (56.8) (63.8) (16.4) (15.0) (14.1) (10.3) (5.3) (16.1) (17.3) (13.5) (9.2) (12.3) (8.6) (32.2) (5.4) (3.6) (7.0) (2.3) (48.8) (3.8) (6.9) (4.3) (4.2) (3.2) (16.1) (4.4) (4.1) (2.3) (8.2) (5.2) (8.5) (1.9) (1.4) (1.5) (2.2) (1.3) (10.5) (3.4) (27.1) (3.7) (1) (0.8) (0.6) (1.1) (0.9)
Acquisitions 11 0 24 1 1 4 11 3 2 9 2 2 5 7 (1) 228 2 1 24.7 17.1 35.5 4 117.3 17.3 10.7 1.7 1.0 0.6 10.6 (2,124.3) 0.2 0.0 (0.0) 0.0 0.1 0.8 0.1 (10.1) (217.5) (89.2) (0.1) 0 0 0.3 (0.3) 44.0 (0.2) (13.8) (30.0) 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) 0 (15) 0 0 (2) 23 (11) (5) (7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0 (0.1) 0 (0.4) (3.0) 0 (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0.8 0 9.2 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 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 (22) 0 0 0 (25) (3) (3) (1) 0 (2) 0 (26) (6.4) (4.4) (0.1) 2 0.9 3.0 1.6 19.5 31.4 5.7 44.7 (0.1) 0 0 (0.8) 0.8 0 0 (2.0) 0 (2.9) 0.0 0.1 (6.1) 0.0 0.1 0.1 0.2 0.0 0.0 0.0 0.0 (0.1) 0.1 0.0 2.4 (2.4) 0.0 0.0 0.0 0 0 0.2 8.3 0.1 0 0.1 0.2 1.4 (1.2) 0.1 0 0 0
Investing Cash Flow (30) (16) (65) (53) (53) (47) (116) (84) (70) (72) (128) (68) (82) (61) (94) 174 (48) (81) (126.3) (60.8) (14.7) (35) 72.0 (15.3) (33.8) (23.9) (59.0) (50.5) (8.4) (2,140.9) (14.7) (14.5) (13.3) (4.5) (8.8) (16.5) (15.4) (19.3) (232.7) (97.7) (32.1) (11.5) (3.6) (6.6) (2.6) (4.6) (4.0) (20.7) (34.2) (4.2) (3.3) (16.0) (4.3) (1.7) (4.7) (8.2) (5.2) (8.5) (1.9) (1.4) (1.3) 6.1 (1.2) (10.5) (3.3) (26.9) (2.3) (2.2) (0.7) (0.6) (1.1) (0.9)
Financing Activities
Net Debt Issuance (207) 55 (101) (113) (179) 159 (66) (34) (129) 334 (31) (93) (431) 371 (274) (90) (77) 197 (148.8) (64.9) (256.4) 104 (93.4) 667.3 (1,191.1) 156.2 (166.0) (16.8) (693.4) 2,852.5 (146.4) 31.2 (35.9) 93.2 (110.5) (63.9) (71.9) 24.2 141.1 4.2 19.2 21.7 (9.3) 19.5 (1.9) (0.7) (10.5) 18.6 11.3 0.1 7.7 19.3 (8.3) 0.0 (3.4) 6.0 4.5 (5.6) 19.8 8.6 (10.4) (11.3) 7 14.2 (21) 21.9 12 0.5 (3.3) 2.4 (32.6) 0.7
Stock Repurchased (25) 0 0 0 0 0 0 0 0 0 (62) 29 (17) (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.0) 0 (15.8) (6.4) 0 0 0 0 0 (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.4)
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
Other Financing Activities (8) (7) (2) (1) (6) (5) (16) (2) 13 (8) (2) (2) (2) (40) 3 (8) (3) (35) (1.8) (3.4) (2.5) (9) (2.5) (1,052.1) 1,050.4 (1.9) (0.4) (0.1) (0.3) (3.1) (0.0) (0.1) (0.0) (4.4) 0.1 (0.1) (0.0) (2.6) (0.0) 20.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.2 0.3 0.1 (0.1) 0 0.1 0.4 0 0 17.2 0 0 0 0.1 1.4 (0.7) (1)
Financing Cash Flow (240) 48 (103) (114) (185) 154 (82) (36) (116) 326 (95) (66) (450) 319 (272) (98) (76) 167 (150.3) (68.5) (258.8) 95 (87.5) (381.1) (140.4) 156.1 (144.0) (15.5) (693.7) 2,849.5 (148.1) 31.4 (51.6) 82.6 (110.4) (64.0) (71.8) 21.6 141.1 24.2 21.6 27.6 (9.1) 21.9 (1.5) 0.2 (6.4) 19.0 11.3 0.5 8.6 20.6 (8.2) 1.7 (3.2) 8.2 4.8 (5.5) 19.7 8.7 (10.2) (10.9) 7 14.2 (3.8) 21.9 12 0.5 (3.2) 3.8 2.9 (0.7)
Cash Position
Net Change in Cash 14 (6) (8) 8 7 (3) 1 5 (3) 0 (1) (2) 1 (5) (4) 3 (1) 5 1.5 (1.0) (8.6) 2.0 (9.4) 16.4 0.3 (4.7) 6.6 (11.7) (570.7) 596.9 1.6 (3.6) 25.4 21.2 15.4 16.1 0 0 0 6.8 4.0 (1.6) (7.9) (1.3) 6.5 (1.3) (6.9) 7.4 (6.8) 4.7 1.7 (0.5) (1.1) (1.4) 5.0 (6.7) (1.4) (0.5) (1) 2 (9.1) 10.2 0.4 0 (1) (1.1) 3 (0.5) 0.1 (0.1) 0 0
Cash at Beginning 38 44 52 44 37 40 39 34 37 37 38 40 39 44 48 45 46 41 39.5 40.5 49.0 47 56.4 40.1 39.8 44.5 37.9 49.5 620.3 23.3 21.8 25.4 0 0 0 0 13.6 0 0 12.5 4.2 5.8 13.6 10.1 3.6 5.0 11.8 4.4 11.2 6.5 4.8 5.3 6.4 7.8 2.8 9.4 3.3 3.8 4.8 2.8 11.9 0 0 1.4 0 0 0 1 0 0 0 0.1
Cash at End 52 38 44 52 44 37 40 39 34 37 37 38 40 39 44 48 45 46 41 39.5 40.5 49.0 47 56.4 40.1 39.8 44.5 37.9 49.5 620.3 23.3 21.8 25.4 21.2 15.4 16.1 30.7 13.6 18.6 19.3 8.2 4.2 5.8 8.9 10.1 3.6 5.0 11.8 4.4 11.2 6.5 4.8 5.3 6.4 7.8 2.8 1.9 3.3 3.8 4.8 2.8 10.2 0.4 1.4 (1) (1.1) 3 0.5 0.1 (0.1) 0 0.1
Free Cash Flow 243 (54) 86 120 192 (159) 71 49 116 (328) 117 65 448 (329) 269 (126) 74 (137) 133.0 55.5 214.5 (99) (41.5) 377.5 127.9 (179.9) 115.8 (5.5) 69.1 (123.4) 149.7 (34.2) 58.3 (77.3) 101.6 48.9 90.7 (16.5) 78.7 72.4 (17.7) (23.1) 1.2 (23.6) 8.3 (45.7) (0.2) 2.2 11.8 4.2 (6.8) (21.2) 7.1 (5.6) 10.6 (14.9) (6.2) 5.1 (20.8) (6.7) 0.9 12.8 (6.7) (14.2) 2.7 (23.2) (10.4) 0.2 3.2 (3.9) (2.9) 0.7
Key Metrics 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 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 1999 Q4
Income Statement
Revenue 7,947 7,840 7,696 8,059 8,158 7,871 8,155 7,498 7,775 7,552 7,417 7,507 7,816 7,532 7,273 7,242 7,416 6,997 6,735 6,619.8 6,888.1 6,672.6 6,754.6 6,667.7 6,137.6 6,019.6 6,407.1 5,962.6 6,149.2 2,868.2 2,592.2 2,648.9 2,528.0 2,457.5 2,341.0 2,369.6 2,285.5 2,278.4 2,213.8 2,132.1 2,061.3 2,114.6 2,016.5 1,992.5 1,764.7 1,781.7 1,646.0 1,602.0 1,642.4 1,566.2 1,445.7 1,410.0 1,343.7 1,388.0 1,286.9 1,217.4 1,158.6 1,204.0 1,114.4 1,053.0 988.5 985.7 898.2 884.8 853.5 889.5 847.6 864.2 911.9 887.0 830.7 736.4 706.8 732.5 668.5 646.4 619.8 637.1 601.1 575.6 543.0 534.3 504.7 477.5 446.4 448.9 393.2 381.4 366.8 338.4 309.3 285.5 269.7 244.4 244.1 229.7 229.2 231.4 218.5 214.5
Gross Profit 1,046 1,051 1,030 1,082 1,072 1,038 1,116 943 961 1,030 966 1,000 1,069 1,096 976 1,012 1,075 1,042 1,004 966.8 990.4 966.5 1,000.0 856.5 775.5 771.0 822.3 788.5 761.8 412.3 375.9 408.1 371.5 367.2 368.6 366.4 344.9 349.0 345.5 322.4 316.4 325.9 299.2 319.0 290.2 298.1 268.2 271.2 284.5 263.0 241.7 236.0 231.2 244.5 223.1 217.1 215.3 218.5 198.6 192.3 183.3 182.4 166.6 164.6 162.1 168.8 162.1 167.6 177.9 165.8 154.7 135.5 132.0 129.9 124.1 123.6 119.1 120.2 116.4 110.3 105.3 101.9 95.3 92.4 87.9 87.6 78.8 76.2 74.4 66.1 60.8 56.5 47.4 49.5 49.6 47.7 47.0 43.9 42.1 42.6
Operating Income 95 74 (78) 15 27 5 2 38 39 (16) (75) 33 63 99 71 54 125 107 45 90.5 105.3 49.3 79.0 71.7 (5.1) 7.1 66.3 69.7 (408.1) (18.8) 49.8 82.2 40.2 55.1 61.5 64.9 46.3 53.3 62.5 66.0 65.1 69.0 49.5 58.4 51.3 62.6 48.8 48.0 56.1 53.9 39.0 36.6 43.0 48.6 37.5 26.1 29.4 38.9 31.7 29.7 26.3 33.8 27.6 27.2 28.6 30.4 25.9 25.0 23.9 24.8 19.6 24.2 23.8 25.1 21.4 23.1 22.4 22.7 20.2 14.6 19.3 19.1 16.6 17.5 16.8 15.5 13.2 13.0 8.5 10.8 10.5 8.8 14.9 6.2 7.0 5.9 4.5 (3.6) (0.4) (0.1)
Net Income 20 (4) (87) (7) (3) (21) (37) (21) (15) (39) (68) 7 19 66 39 67 66 76 43 48.6 59.0 (1.0) 52.4 88.1 (30.7) (383.9) 18.9 57.1 (341.7) (19.3) 32.8 51.9 50.5 30.5 38.9 36.6 25.5 29.2 34.7 38.3 36.1 41.8 27.8 33.0 33.4 36.4 28.0 27.8 32.1 31.6 22.6 21.5 25.1 29.0 22.0 15.2 17.2 23.4 18.7 17.4 17.6 19.5 15.7 15.5 15.5 16.8 13.6 13.2 12.8 13.0 9.1 13.6 13.1 13.7 10.9 12.4 12.7 12.3 10.6 7.7 11.8 10.7 9.2 9.9 9.6 8.6 7.0 6.8 5.0 5.5 4.1 5.2 4.2 2.6 3.3 2.5 1.8 (4.5) (1) (1.3)
EPS (Diluted) 0.32 -0.07 -1.43 -0.12 -0.05 -0.35 -0.62 -0.35 -0.25 -0.66 -1.16 0.12 0.31 1.07 0.64 1.10 1.08 1.25 0.69 0.80 1.00 -0.02 0.89 1.60 -0.57 -7.21 0.36 1.12 -6.72 -0.38 0.64 1.02 0.99 0.60 0.76 0.72 0.50 0.58 0.69 0.76 0.72 0.83 0.55 0.66 0.67 0.73 0.56 0.56 0.65 0.64 0.46 0.43 0.51 0.59 0.45 0.31 0.35 0.48 0.39 0.39 0.39 0.45 0.36 0.36 0.36 0.39 0.32 0.31 0.30 0.30 0.21 0.32 0.31 0.32 0.25 0.29 0.30 0.29 0.25 0.18 0.28 0.26 0.22 0.24 0.23 0.21 0.18 0.17 0.12 0.14 0.11 0.14 0.11 0.07 0.09 0.07 0.05 -0.12 -0.03 -0.04
Balance Sheet
Cash & Equivalents 52 38 44 52 44 37 40 39 34 37 37 38 40 39 44 48 45 46 41 39.5 40.5 49.0 47.0 56.4 40.1 39.8 42.4 37.9 49.5 53.9 23.3 21.8 25.4 21.2 15.4 16.1 30.7 13.6 18.6 19.3 8.0 14.9 10.3 24.6 7.5 20.5 8.9 10.1 3.6 11.8 4.4 11.2 6.5 7.8 2.8 9.4 1.9 3.3 3.8 4.8 2.8 12 1.8 1.5 1.4 2.3 3.5 0.5 1 0 0.1 0
Total Assets 7,245 7,561 7,595 7,617 7,731 7,966 7,528 7,585 7,671 7,848 7,394 7,641 7,635 8,199 8,113 7,878 7,801 7,999 7,525 7,520.8 7,490.1 7,783.6 7,587.0 7,700.8 7,682.4 7,963.5 7,181.0 7,327.2 7,398.3 8,587.6 2,964.5 3,078.8 3,049.7 3,046.3 2,886.6 2,920.6 2,870.0 2,943.0 2,852.2 2,645.9 1,101.8 1,125.9 1,058.5 1,123.9 1,161.5 777.6 468.4 456.5 430.1 426.4 393.7 354.5 363.3 310.1 294.1 286.2 270.2 272.3 278.6 264.6 237.9 253.9 248.4 244.3 212.2 212.3 180.3 176.3 111 113 98.7 105.2
Total Debt 3,236 3,469 3,451 3,582 3,719 3,838 3,548 3,626 3,680 3,593 3,265 3,344 3,374 2,499 3,382 3,667 3,618 3,687 3,427 3,586.4 3,576.8 3,818.3 3,658.7 3,736.7 4,105.4 4,231.7 3,039.4 3,200.6 3,233.5 3,970.1 360.1 482.2 443.2 447.0 385.6 469.1 561.4 594.3 600.1 445.0 242.1 242.6 258.9 358.4 361.9 187.8 158.3 138.8 140.7 151.9 132.4 117.5 117.4 97.8 100.6 94.4 100.3 94.8 100.3 80.2 71.5 81.2 91.4 84.5 66.3 88 63.1 53.1 25.6 28.6 57.6 56.7
Stockholders' Equity 1,551 1,547 1,551 1,625 1,625 1,625 1,641 1,681 1,692 1,699 1,743 1,841 1,842 1,835 1,791 1,785 1,684 1,589 1,515 1,302.4 1,230.2 1,150.1 1,144.7 1,169.8 1,102.1 1,126.6 1,513.7 1,532.2 1,485.4 1,831.9 1,846.0 1,812.3 1,754.7 1,708.1 1,681.9 1,629.2 1,590.2 1,552.5 1,519.5 1,490.4 580.6 561.6 544.5 509.5 495.4 412.5 204.5 194.5 187.6 170.4 164.4 160.4 155.8 130 126.5 121.7 118.0 115.0 113.2 117.7 118.6 119.8 114.2 109.2 104.4 82.7 77.6 73.3 62.2 59.3 18.2 19.6
Cash Flow
Operating Cash Flow 283 (38) 160 174 246 (110) 199 125 183 (254) 222 132 532 (262) 362 (74) 124 (81) 277.6 129.0 264.7 (58) 4.7 413.2 174.0 (134.9) 207.3 51.3 132.9 (107.0) 164.6 (20.0) 68.6 (72.0) 117.7 66.2 104.2 (7.3) 91.0 81.0 14.5 (17.6) 4.8 (16.6) 10.6 3.1 3.6 9.1 16.2 8.4 (3.6) (5.2) 11.4 (1.4) 12.9 (6.7) (1.0) 13.6 (18.9) (5.3) 2.4 15 (5.4) (3.7) 6.1 3.9 (6.7) 1.2 4 (3.3) (1.8) 1.6
Capital Expenditure (40) (16) (74) (54) (54) (49) (128) (76) (67) (74) (105) (67) (84) (67) (93) (52) (50) (56) (144.5) (73.5) (50.1) (41) (46.2) (35.7) (46.1) (45.0) (91.5) (56.8) (63.8) (16.4) (15.0) (14.1) (10.3) (5.3) (16.1) (17.3) (13.5) (9.2) (12.3) (8.6) (32.2) (5.4) (3.6) (7.0) (2.3) (48.8) (3.8) (6.9) (4.3) (4.2) (3.2) (16.1) (4.4) (4.1) (2.3) (8.2) (5.2) (8.5) (1.9) (1.4) (1.5) (2.2) (1.3) (10.5) (3.4) (27.1) (3.7) (1) (0.8) (0.6) (1.1) (0.9)
Free Cash Flow 243 (54) 86 120 192 (159) 71 49 116 (328) 117 65 448 (329) 269 (126) 74 (137) 133.0 55.5 214.5 (99) (41.5) 377.5 127.9 (179.9) 115.8 (5.5) 69.1 (123.4) 149.7 (34.2) 58.3 (77.3) 101.6 48.9 90.7 (16.5) 78.7 72.4 (17.7) (23.1) 1.2 (23.6) 8.3 (45.7) (0.2) 2.2 11.8 4.2 (6.8) (21.2) 7.1 (5.6) 10.6 (14.9) (6.2) 5.1 (20.8) (6.7) 0.9 12.8 (6.7) (14.2) 2.7 (23.2) (10.4) 0.2 3.2 (3.9) (2.9) 0.7