United Therapeutics Corporation logo UTHR - United Therapeutics Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 16
HOLD 13
SELL 1
STRONG
SELL
0
| PRICE TARGET: $636.83 DETAILS
HIGH: $735.00
LOW: $516.00
MEDIAN: $635.00
CONSENSUS: $636.83
UPSIDE: 12.03%
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 781.5 790.2 799.5 798.6 794.4 735.9 748.9 714.9 677.7 614.7 609.4 596.5 506.9 491.5 516 466.9 461.9 415.2 444.7 446.5 379.1 384.9 380.1 362 356.3 311.1 401.5 373.6 362.6 381.4 412.7 444.5 389.2 464.7 445.5 444.6 370.5 409 408.2 412.6 369 404.9 386.2 347.2 327.5 346.4 329.9 322.8 289.4 289.0 302.2 280.6 245.1 243.8 242.5 225.6 204.2 195.2 201.7 183.8 165.6 166.5 171.0 137.5 128.9 108.9 97.2 84.0 79.7 75.9 75.0 68.6 62.0 59.9 59.0 51.8 40.2 45.8 40.4 40.2 33.2 29.6 33.0 30.1 23.2 21.6 20.0 18.3 13.7 13.6 14.0 12.0 11.6 1.6 1.3 1.5 0.8 0.4 0.5 0.3
Cost of Revenue 133.4 103.4 100.9 87.6 92.5 75.9 83.1 77.8 72.9 71 70.1 64.1 52.3 55.9 37.2 29.7 25.9 34.6 27.7 37.2 23 34.8 24 25.9 23.4 28.8 33 26.7 29.1 31.9 51.9 61.7 53.2 53 19.5 18.9 14.3 28.4 23.6 20 0.7 25.3 6.9 16.1 20.8 15.8 40.8 38.7 30.6 38.8 30.7 32.3 29.3 37.7 28.0 29.6 24.0 25.3 22.7 21.2 21.5 20.2 21.7 16.7 14.9 13.5 12.8 10.1 9.0 8.1 7.7 7.3 6.9 6.4 6.2 5.3 4.4 4.8 4.2 4.2 3.9 3.2 3.4 3.2 2.6 2.3 2.2 2.0 1.8 1.3 2.0 1.5 1.9 0.7 0.7 0.1 0.7 0.3 0.4 0.3
Gross Profit 648.1 686.8 698.6 711 701.9 660 665.8 637.1 604.8 543.7 539.3 532.4 454.6 435.6 478.8 437.2 436 380.6 417 409.3 356.1 350.1 356.1 336.1 332.9 282.3 368.5 346.9 333.5 349.5 360.8 382.8 336 411.7 426 425.7 356.2 380.6 384.6 392.6 368.3 379.6 379.3 331.1 306.7 330.6 289.1 284.1 258.8 250.2 271.5 248.3 215.8 206.2 214.5 195.9 180.2 169.9 179.1 162.6 144.1 146.3 149.3 120.8 114.0 95.4 84.5 73.9 70.7 67.8 67.3 61.2 55.2 53.5 52.9 46.5 35.8 41.1 36.2 36.0 29.3 26.5 29.6 26.9 20.7 19.4 17.8 16.3 11.9 12.3 12.0 10.5 9.7 0.9 0.6 1.3 0.1 0.2 0.1 (0.0)
Operating Expenses
R&D Expenses 138.2 139.5 127.5 134 149 133.8 103.5 139.6 104.1 151.4 84.7 89 82.9 93.9 66.1 93.9 69 82.9 79.2 74.3 303.7 126.1 68.7 89.7 73.2 113.6 85.7 85.9 897.4 138.8 101.1 82.3 35.7 113.6 55 59.8 36.2 66.9 45.9 35.2 (0.4) 75.9 9.5 49.4 110.2 71.5 118.9 39.7 12.4 121.6 72.7 54.6 50.4 37.5 65.2 37.1 33.7 48.6 59.4 24.2 48.0 62.3 40.7 28.9 34.9 41.0 31.6 28.6 21.0 179.8 19.2 19.1 21.1 17.7 19.6 18.0 28.1 18.3 11.9 12.6 14.7 9.5 9.4 8.7 8.5 7.5 7.3 7.3 8.5 9.8 8.8 8.4 7.3 6.5 9.6 8.5 27.3 8.1 28.9 5.8
SG&A Expenses 184.1 189.8 181.8 190.8 170.1 162.5 219.2 177.6 144.4 132.2 127.6 130 87.3 166.1 98.4 141.5 79 127.9 109.1 112.8 117.2 158.7 66.3 105.9 93 105.2 99.4 39.6 92 79.2 110.1 83.1 (6.6) 159.1 47.2 67.4 56.4 139.5 100.1 72.2 5 148.6 (17.3) 110.0 211.3 80.5 202.5 68.0 30.2 157.2 94.1 71.4 71.4 40.1 68.6 53.3 39.8 57.7 16.7 23.9 59.2 75.0 46.7 31.0 46.9 56.6 41.2 49.4 29.2 21.9 30.0 23.1 19.3 44.2 19.2 20.5 15.2 19.2 12.9 11.9 10.1 6.7 5.6 7.0 5.3 5.5 4.8 5.4 5.8 6.1 6.0 5.3 3.8 3.9 4.0 4.8 3.8 2.4 1.7 3.8
Other Expenses 0 0 0 21.7 0 6 0 0 0 0 0 (0.6) 0 0 0 0 0 0 0 0 0 0 (0.1) 0 0 0 0 0 5.8 0 (0.9) 0 0 0 0 0 0.8 (0.5) 1 0 0 1.5 0 0 0.1 (0.3) 1.1 0.3 0 0.3 0.2 (0.1) 0.3 0 0 0 0 0 0 (21.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 322.3 329.3 309.3 346.5 319.1 302.3 322.7 317.2 248.5 283.6 212.3 219 170.2 260 164.5 235.4 148 210.8 188.3 187.1 420.9 284.8 135 195.6 166.2 218.8 185.1 125.5 989.4 218 211.2 165.4 29.1 272.7 102.2 127.2 92.6 206.4 146 107.4 4.6 224.5 (7.7) 159.4 321.6 152.0 321.4 107.8 42.7 278.7 166.9 126.0 121.8 77.5 133.8 90.4 73.4 106.3 76.1 26.9 107.3 137.3 87.4 60.0 81.7 97.6 72.7 78.0 50.2 201.6 49.2 42.2 40.4 61.9 38.7 38.4 43.3 37.5 24.8 24.5 26.8 16.1 15.0 15.7 13.8 13.0 12.1 12.7 14.3 15.8 14.8 13.6 11.0 10.4 13.6 13.2 31.1 10.6 30.7 9.5
Operating Income
Operating Income 325.8 357.5 389.3 364.5 382.8 357.7 343.1 319.9 356.3 260.1 327 313.4 284.4 175.6 314.3 201.8 288 169.8 228.7 222.2 (64.8) 65.3 221.1 140.5 166.7 63.5 183.4 221.4 (655.9) 131.5 149.6 217.4 306.9 139 323.8 88.5 263.6 174.2 238.6 285.2 363.7 155.1 387.1 171.7 (14.8) 178.6 (32.2) 176.3 216.1 (28.5) 104.6 122.3 94.0 128.6 80.7 105.6 106.7 63.5 103.0 135.7 36.9 9.1 61.9 60.8 32.2 (2.2) 11.7 (4.1) 20.6 (133.9) 18.1 19.0 14.8 (8.4) 14.2 8.0 (7.5) 3.5 11.4 11.5 2.5 10.4 14.5 11.2 6.8 6.3 5.7 3.6 (2.4) (3.5) (2.8) (3.1) (1.4) (9.5) (13.0) (12.6) (31.1) (10.4) (30.5) (9.5)
Interest Expense 3 3.1 3 7.3 6.1 7.9 10.1 11.6 13.3 15.1 15.6 14.8 13.8 12.3 9.2 6.2 4.7 4.7 4.6 4.7 4.6 4.8 4.9 5.6 8.2 10 11.7 12.2 10.3 4.3 4.1 2.9 2.6 3.5 3.3 1.4 0.8 2.2 0.5 0.6 0.6 0.5 0.8 1.3 2.1 3.5 4.7 4.7 4.6 4.6 4.5 4.5 4.4 4.5 4.4 3.9 3.9 5.1 5.4 5.4 5.4 5.5 4.8 4.8 4.7 3.7 3.3 3.2 2.6 0 2.6 0 0.1 0.0 0.7 0.7 0 0.5 0 0.0 0 0.0 0 0.0 0 0 0 0 0.0 0.0 0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0 0.0
Interest Income 41.8 43.2 46.4 51.3 51.1 49.3 49.8 46.2 53.8 51 45.3 37.2 29.2 20.8 13.3 6.8 4.3 4.2 3.8 4 4.7 5 6.4 7.2 10 11.5 12.1 10.8 9.8 8.7 7.9 6.7 5.3 0 2.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.1 0 0.9 1.0 0.7 1.1 1.1 1.0 0.9 1.0 0.8 0.7 0.6 0.6 0.8 0.9 1.0 1.1 1.3 1.7 0 2.3 2.8 3.7 3.9 3.7 1.9 0 3.7 2.7 2.5 1.9 1.8 0 1.2 1.0 0 0 0.7 0.6 0.6 0 0.6 1.9 2.1 2.5 3.3 4.0 3.4 0 1.6
Profitability
EBITDA 348.4 469.9 462.9 436.8 382.8 424.1 417.8 338.6 426.9 324.2 340.3 326.3 319 198.1 334.6 169.5 300.5 181.8 221.4 234.6 49.6 79.5 232.9 152.1 179.1 77.2 196.1 231.8 (630) 139.1 159 228.9 319.5 144.2 331.5 306.2 272.3 182 247.8 293.1 371.4 164.5 395.3 180.2 (6.4) 187.5 (23.0) 184.0 223.7 (20.7) 112.3 130.7 103.4 136.7 119.8 113.5 114.5 70.0 108.7 119.9 43.3 13.7 68.2 66.7 37.9 3.6 14.9 (2.8) 24.4 (121.7) 19.6 19.0 14.8 (8.0) 14.2 8.0 (7.3) 3.6 11.4 11.5 2.5 11.0 14.5 11.2 6.8 6.9 5.7 3.6 (1.8) (2.9) (2.2) (2.6) (0.3) (8.1) (12.2) (11.2) (31.1) (10.4) (30.5) (9.6)
EBIT 325.8 447.1 441 415.7 417.4 404.4 398.7 319.9 411.9 310.5 327 313.4 305.7 184.9 321.7 156.8 288 169.2 209 222.2 37.1 66.4 221.1 139.5 166.7 64.7 183.4 221.4 (640.3) 128.6 149.6 217.4 306.9 136.5 323.8 298.5 263.6 174.2 238.6 286.3 364.5 156.6 737.6 169.7 (14.7) 178.3 (31.1) 177.8 217.8 (27.1) 105.7 123.0 95.3 129.4 112.9 107.2 107.8 65.1 103.7 115.0 37.5 10.0 63.2 62.1 33.4 (1.1) 12.4 (2.3) 22.6 (124.1) 19.9 19.0 14.8 (8.4) 14.2 8.0 (7.5) 3.5 11.4 11.5 2.5 10.4 14.5 11.2 6.8 6.3 5.7 3.6 (2.4) (3.5) (2.8) (3.1) (1.4) (9.5) (13.0) (11.9) (31.1) (10.4) (30.5) (9.5)
Income Before Tax 318.3 444 438 408.4 423.5 396.5 388.6 355.3 398.6 295.4 351.8 335.2 291.9 178.8 312.5 150.6 308.7 140.5 204.4 216.5 32.5 114.4 219 133.9 171.6 68.3 166.9 250.4 (650.6) 91.9 140.1 217.9 309 141 320.7 44.2 263.6 171.5 239.1 285.7 363.9 156.0 736.9 168.3 (16.8) 174.8 (35.8) 173.0 213.2 (31.6) 101.2 118.5 90.8 125.0 108.5 103.3 103.9 60.0 98.3 109.6 26.8 4.5 57.7 56.9 28.7 (4.7) 9.0 (5.5) 20.0 (132.7) 19.9 22.6 18.0 (5.1) 17.0 8.9 (4.2) 7.8 14.1 13.8 4.2 11.9 15.8 12.2 7.7 6.9 6.3 4.1 (1.8) (3.2) (2.4) (2.6) (3.2) (7.4) (10.6) (12.6) (35.8) (10.4) (30.5) (9.4)
Income Tax Expense 43.4 79.7 99.3 98.9 101.3 95.2 79.5 77.2 92 78.3 84.2 76 51 46.7 73.2 34.6 68.8 28.3 41.7 43.9 4.2 15.6 47.8 26.8 33.9 15.7 34.5 45.3 (156) 26.6 33.6 45 64.5 122 44.4 100.2 85 61.2 77.3 79.6 128.4 51.4 272.4 69.1 (0.2) 58.8 (10.6) 61.2 75.7 (1.3) 38.5 38.7 28.5 41.7 30.4 31.0 33.2 16.8 17.6 35.7 10.4 (5.0) 18.0 19.2 9.8 (1.4) (2.9) (3.2) 6.8 (51.6) 7.3 8.2 6.6 (7.1) 2.2 3.1 (1.4) (47.7) 5.6 6.2 1.9 (17.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.3) 0.8 (3.4) (1.7) (1.6)
Net Income 274.9 364.3 338.7 309.5 322.2 301.3 309.1 278.1 306.6 217.1 267.6 259.2 240.9 132.1 239.3 116 239.9 112.2 162.7 172.6 28.3 98.8 171.2 107.1 137.7 52.6 132.4 205.1 (494.6) 65.3 106.5 172.9 244.5 19 276.3 (56) 178.6 110.3 161.8 206.1 235.5 104.6 464.4 99.2 (16.6) 115.9 (25.2) 111.9 137.5 (30.3) 62.7 79.9 62.3 83.3 78.1 72.3 70.8 43.2 84.4 73.9 16.4 9.5 39.7 37.7 18.9 (3.3) 11.9 (2.3) 13.2 (81.1) 12.6 14.3 11.4 2.0 14.8 5.8 (2.8) 55.5 8.5 7.7 2.3 29.4 15.8 12.2 7.7 6.9 6.3 4.1 (1.8) (3.2) (2.4) (2.6) (3.2) (7.4) (10.6) (9.4) (31.9) (7.0) (28.8) (7.9)
Per Share Data
EPS (Basic) 6.32 8.36 7.73 6.86 7.18 6.74 6.93 6.26 6.52 4.62 5.71 5.53 5.20 2.88 4.91 2.41 5.03 2.49 3.62 3.85 0.63 2.22 3.86 2.43 3.14 1.20 3.02 4.68 -11.32 1.50 2.44 4.01 5.65 0.44 6.37 -1.25 4.01 2.61 3.75 4.65 5.19 2.29 10.20 2.15 -0.36 2.44 -0.53 2.35 2.73 -0.61 1.25 1.60 1.24 1.66 1.52 1.37 1.32 0.81 1.45 1.27 0.28 0.17 0.70 0.67 0.35 -0.06 0.22 -0.04 0.25 -1.53 0.24 0.32 0.26 0.04 0.35 0.14 -0.07 1.30 0.19 0.17 0.05 0.63 0.35 0.27 0.17 0.15 0.14 0.10 -0.04 -0.08 -0.06 -0.06 -0.08 -0.18 -0.26 -0.23 -0.78 -0.18 -0.78 -0.22
EPS (Diluted) 5.82 7.66 7.16 6.41 6.63 6.19 6.39 5.85 6.17 4.36 5.38 5.24 4.86 2.67 4.91 2.41 5.03 2.35 3.42 3.65 0.61 2.19 3.84 2.41 3.12 1.20 3.01 4.66 -11.32 1.48 2.42 3.98 5.57 0.43 6.27 -1.25 3.89 2.43 3.50 4.39 4.84 2.10 9.24 1.91 -0.36 2.17 -0.53 2.10 2.43 -0.60 1.17 1.52 1.19 1.59 1.46 1.34 1.29 0.79 1.38 1.18 0.26 0.15 0.66 0.62 0.32 -0.06 0.21 -0.04 0.24 -1.49 0.22 0.30 0.24 0.04 0.33 0.13 -0.07 1.30 0.17 0.15 0.04 0.57 0.31 0.25 0.16 0.14 0.14 0.09 -0.04 -0.08 -0.06 -0.06 -0.08 -0.18 -0.26 -0.23 -0.78 -0.18 -0.78 -0.22
Shares Outstanding 43.5 44.3 43.8 45.1 44.9 45.2 44.6 44.4 47 47 46.9 46.9 46.3 45.8 48.7 48.1 47.7 45.1 44.9 44.8 44.6 44.5 44.4 44.1 43.9 43.9 43.9 43.8 43.7 43.6 43.6 43.1 43.3 43.2 43.4 44.8 44.5 42.2 43.2 44.3 45.4 45.7 45.5 46.1 46.1 47.4 47.3 47.6 50.4 50.1 50.0 49.8 50.2 50.2 51.5 52.7 53.6 53.6 58.3 58.2 57.8 57.8 56.5 56.0 54.8 54.8 53.5 53.0 52.9 52.9 45.9 45.2 44.7 44.7 42.2 41.7 42.6 42.6 46.4 47.2 46.7 46.7 45.8 45.4 45.0 45.0 43.7 42.8 42.7 42.6 42.2 41.8 41.0 40.4 40.6 40.8 40.7 40.0 37.2 36.1
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 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
Current Assets
Cash & Cash Equivalents 1,074.2 1,557.1 1,136.6 1,593.1 1,899.9 1,697.2 1,553.9 1,355.7 1,251.5 1,207.7 1,107.7 1,067.3 1,163.5 961.2 966.8 795.2 813.3 894.8 908.5 942.2 832.3 738.7 670.2 685.4 875.2 738.4 719.7 881.3 790.6 669.2 656 745.9 932.7 705.1 1,067.5 1,005.9 1,122.6 1,023 953 837.5 846.8 285.4 190.0 100.4 133.5 98.8 73.5 74.5 68.5 68.6 91.1 91.2 122.7 133.8 86.5 163.3 183.4 200.9 224.3 95.0 102.8 18.3 5.8 4.5 15.4
Short-Term Investments 1,079.5 0 1,631 1,455.6 1,421.4 1,569.8 1,772.6 1,615.8 1,456.3 1,786.4 1,767.8 1,611.7 1,699.9 1,877.5 1,648.8 1,460 1,454.4 1,035.9 1,091.9 1,025.3 899 1,096.3 910.3 875.3 669.3 747.5 850.3 904.9 814.5 746.7 581.6 467.1 324.1 222.3 143.2 109.3 33.7 27.8 79.6 107.2 128.3 94.1 103.4 129.1 86.4 86.9 163.5 0 0 0 0 0 0 0 10.5 0 7.3 14.5 14.3 14.0 13.8 33.3 53.9 53 0
Net Receivables 312 350.2 297.7 379.3 322 279.3 341.8 290.7 307.3 278.9 258.6 272.7 134.5 220.4 231.7 173.4 170.5 198.7 212.8 173.4 141.1 157.4 152.3 172 149.6 151.4 183.6 181 159.8 175.7 215.2 251.3 211.1 297.1 251.8 273.9 188 214.5 224.6 238.1 194.8 83.5 63.5 50.6 34.4 52.0 28.5 10.2 7.9 10.6 10.5 9.9 9.7 11.8 3.1 3.2 2.6 2.4 0.6 0.5 0.4 0.4 0 0.2 0.1
Inventory 178.3 183.1 176.5 169.2 165.4 157.9 146.7 136.5 120.2 111.8 104.3 103.3 102.5 102 91 89.9 88.2 93.8 96.7 89.9 92.2 86.5 87.9 89.7 92 93.4 94.1 96.9 96.2 101 101 102.7 101.5 107.9 114.4 114.1 106.9 100 92.4 89.1 87.6 30.2 25.8 26.4 16.5 15.1 12.2 7.3 7.8 8.1 7.5 7.3 7.2 7.3 3.8 4.0 3.5 2.9 1.2 0.8 0.7 0 0 0 0
Other Current Assets 228 1,612.1 252.2 229.7 131.1 169.7 185.4 220.8 113.4 166.2 220.5 158.4 92.6 219.2 118.1 165.8 60.2 100.4 76 87.1 49.7 88.3 47.5 72 60.2 133.8 85.7 75.7 81.4 75.4 54.9 57.2 64.2 115.5 62.3 60.5 52.9 59.5 36.4 43.5 42.1 13.7 7.4 9.8 7.9 4.5 2.9 1.6 1.8 0.6 0.6 0.7 1.1 0.5 2.0 0.3 0.3 1.5 0.5 1.3 0.7 0.7 0.1 0.1 0
Total Current Assets 2,872 3,702.5 3,494 3,826.9 3,939.8 3,873.9 4,000.4 3,619.5 3,248.7 3,551 3,458.9 3,213.4 3,193 3,380.3 3,056.4 2,684.3 2,586.6 2,323.6 2,385.9 2,317.9 2,014.3 2,167.2 1,868.2 1,894.4 1,846.3 1,864.5 1,933.4 2,139.8 1,942.5 1,768 1,608.7 1,624.2 1,633.6 1,447.9 1,639.2 1,563.7 1,504.1 1,424.8 1,386 1,315.4 1,299.6 516.3 398.7 324.5 287.9 267.4 286.9 95.4 88.3 89.7 111.2 110.2 141.9 155.2 107.0 172.1 197.8 222.1 240.8 111.6 118.5 52.7 59.8 57.8 15.5
Non-Current Assets
Property, Plant & Equipment 1,840.7 1,729.7 1,555.6 1,362.4 1,302.7 1,222.4 1,156.7 1,094.6 1,074 1,045.4 992.2 938.9 896.5 861.5 840.8 791.4 784.4 780.9 726.7 715.7 713.7 731.6 736.4 744.2 739.2 738.5 678.3 709.3 701.2 699.7 665.2 626.1 577.5 545.7 521.7 501.9 493.5 489.3 488.4 490.6 495.2 302.5 304.6 303.9 283.0 255.6 56.1 17.2 15.2 15.2 11.2 10.4 9.1 8.6 6.3 6.2 6.0 5.9 3.9 3.9 3.9 3.8 3.2 1.6 1.5
Goodwill 0 0 0 0 0 32.3 0 0 0 33.7 0 0 0 28 28 28 28 28 28 28 28 28 28 28 28 28 28 31.5 31.5 31.5 28.3 0 0 13.7 13.7 13.7 10.3 10.3 10.3 10.3 10.3 8.6 8.7 8.8 7.5 7.5 7.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 115.5 116.5 116.7 111.5 111.7 79.6 112.1 115.2 115.4 80.5 44.4 44.5 44.5 16.5 16.5 16.6 16.6 16.6 16.7 16.7 16.7 130.1 130.2 130.2 130.3 130.3 130.4 130.4 139.3 139.3 139.4 45.6 45.6 31.9 32 32.1 23.3 23.5 23.7 23.8 24 7.5 8.7 9.7 0.3 0.3 1.2 13.7 13.8 13.9 14.3 14.6 14.5 14.7 16.1 16.6 17.1 17.5 2.1 2.2 2.5 2.7 0 0 0
Long-Term Investments 1,409 1,776.7 1,656.3 1,917.7 1,710.7 1,475.3 1,279.4 1,330.4 1,491.9 1,909.8 2,060.8 2,023.6 1,765.6 1,316.2 1,443.8 1,641.9 1,559.1 1,649.9 1,508.7 1,325.4 1,433.5 1,149.6 1,227.5 1,009.4 868 767.5 730.4 420.7 411.3 442.6 595.9 578.3 414.8 502.7 338.5 216.2 144.5 2.3 2.3 3.9 10.7 175.5 200.8 188.6 176.9 179.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 141.6 196.9 173.6 233.3 222.4 222.1 183.6 167.9 169.1 151.8 141.7 135.3 124.5 114.3 114.8 105.8 113.3 108.2 109 177 171.2 169.9 165.4 167.4 168 154.6 231 202.9 235.4 224.2 261.7 257.3 235.3 224.1 213 185.9 204.1 197.1 169.7 169.4 159.8 7.8 13.6 15.2 21.7 21.6 85.5 57.0 58.8 60.6 47.9 46.8 19.1 9.1 88.6 34.9 20.1 5.0 5.6 5.6 5.5 0.7 0.5 0.5 0.8
Total Non-Current Assets 3,842.2 4,177.5 3,857.1 4,081.1 3,804.1 3,490.1 3,122.7 3,103.7 3,246.5 3,616 3,564.7 3,467.9 3,153 2,664.2 2,725.2 2,859 2,773.2 2,845.5 2,663 2,527 2,626.7 2,447.8 2,543 2,325 2,179.6 2,048.9 2,066.2 1,759.1 1,784.2 1,633 1,803.4 1,620.7 1,386.6 1,431.5 1,296.8 1,127.8 1,057.2 900.8 883.2 886.1 892.5 671.4 728.0 727.0 663.8 635.5 225.8 87.9 87.8 89.8 73.5 71.8 42.7 32.3 111.1 57.7 43.2 28.5 11.6 11.8 11.9 7.2 3.7 2.1 2.3
Total Assets 6,714.2 7,880 7,351.1 7,908 7,743.9 7,364 7,123.1 6,723.2 6,495.2 7,167 7,023.6 6,681.3 6,346 6,044.5 5,781.6 5,543.3 5,359.8 5,169.1 5,048.9 4,844.9 4,641 4,615 4,411.2 4,219.4 4,025.9 3,913.4 3,999.6 3,898.9 3,726.7 3,401 3,412.1 3,244.9 3,020.2 2,879.4 2,936 2,691.5 2,561.3 2,325.6 2,269.2 2,201.5 2,192.1 1,187.7 1,126.7 1,051.5 951.7 902.8 512.7 183.2 176.0 179.5 184.7 182.0 184.6 187.5 218.1 229.8 241.0 250.6 252.4 123.4 130.4 59.9 63.5 59.9 17.8
Current Liabilities
Account Payables 498.3 0 468 432 367 6 363.9 325.3 305.1 5.6 333.4 292 239.7 4.1 220.1 196.6 166.4 3.8 210.5 189.8 165 4.1 177 152.6 130.3 9.9 161.1 163.9 139.4 23.1 204.8 216 203.4 8.4 143.3 126.8 105.6 8.1 119 124 106.6 9.3 6.5 18.8 19.7 10.5 14.0 2.6 3.3 4.3 3.1 2.8 3.0 3.9 5.2 6.1 7.0 6.0 3.3 3.3 2.9 2.3 2.2 0.7 1.7
Short-Term Debt 0 0 0 0 200 300 400 400 400 400 300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 250 250 250 0 0 0 0 0 0 250 250 0 0 0 0.9 5.4 228.0 224.1 220.3 0 0 0.0 0.0 0.0 0.8 1.1 1.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.1 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 (305.1) 327.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 163.5 (161.1) (163.9) 0 0 0 0 0 0 145.1 192 0 0 0 120.9 142 41.9 32.6 29.8 0 0 17.8 7.6 6.4 5.5 7.2 6.0 4.5 3.8 3.8 4.7 3.9 0 0 0 0 0 0 0 0
Other Current Liabilities 100.8 560.6 78.3 95.1 154.5 93.6 109.5 107 431.4 (287.3) 70.1 78.3 84.9 13 95.8 134.9 126.2 248 109.5 121.6 137.4 20.4 81.9 102.4 45 22.1 58.8 46.7 127.2 18.4 167.6 134 115 17.1 396.1 462 322.1 18.3 195.6 46.6 103.1 55.6 65.8 61.4 32.4 23.6 1.0 1.0 0.1 0.1 1.1 1.1 1.8 2.0 0.5 1.0 1.2 5.5 4.5 3.4 2.1 2.2 0.1 0.2 0.3
Total Current Liabilities 599.1 560.6 546.3 527.1 721.5 738.1 873.4 832.3 860.6 804.4 744.1 370.3 324.6 343.2 315.9 331.5 292.6 305.4 320 311.4 302.4 323.3 258.9 255 207.3 463 469.9 463.5 270 276.6 372.4 350 318.4 444.7 789.4 838.8 427.7 332.5 314.6 292.4 357.1 365.7 329.0 330.2 76.2 59.8 32.8 11.3 9.8 10.6 12.5 11.0 9.3 9.8 9.6 11.9 12.1 11.5 7.9 6.8 5.0 4.6 2.3 0.9 2
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 100 200 300 500 800 800 800 800 800 800 800 800 800 800 800 800 800 800 600 750 800 1,050 250 250 250 250 250 0 0 0 0 0 0 0 0 0 0 212.8 209.2 250.0 0.0 0.0 0.0 1.7 1.8 1.8 1.8 1.9 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 0.7 0.3
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 214 223.2 214.6 207.3 215.2 181.9 148.8 93.7 96.5 77.8 67.4 100 98.2 104.6 103.5 93.4 90.9 104.8 99.2 94 93.2 96.5 69.2 70.7 70.1 70 61.1 64.6 64.8 66.6 77.7 60.1 63.2 63.7 57.5 57.4 57.4 130.9 105 92 112.2 39.6 38.8 38.0 27.8 27.0 19.4 1.3 1.1 1.1 1.0 0.9 1.8 1.8 3.1 2.5 2.2 2.6 0.0 0.0 0.0 (0.1) 0 0 0
Total Non-Current Liabilities 214 223.2 214.6 207.3 215.2 181.9 148.8 193.7 296.5 377.8 567.4 900 898.2 904.6 903.5 893.4 890.9 904.8 899.2 894 893.2 896.5 869.2 870.7 870.1 670 813.9 868.6 1,118.5 316.6 327.7 310.1 313.2 313.7 57.5 57.4 57.4 130.9 105 92 112.2 39.6 69.4 68.3 270.5 265.8 269.4 1.4 1.2 1.1 2.7 2.6 3.6 3.6 4.9 4.3 4.1 4.4 1.8 1.8 1.8 1.7 1.8 0.7 0.3
Total Liabilities 813.1 783.8 760.9 734.4 936.7 920 1,022.2 1,026 1,157.1 1,182.2 1,311.5 1,270.3 1,222.8 1,247.8 1,219.4 1,224.9 1,183.5 1,210.2 1,219.2 1,205.4 1,195.6 1,219.8 1,128.1 1,125.7 1,077.4 1,133 1,283.8 1,332.1 1,388.5 612.4 700.1 660.1 631.6 777.6 846.9 896.2 485.1 463.4 419.6 384.4 469.3 405.4 398.5 398.5 346.7 325.5 302.2 12.7 11.0 11.7 15.2 13.7 12.9 13.4 14.5 16.2 16.2 15.9 9.7 8.6 6.8 6.3 4.1 1.6 2.3
Stockholders' Equity
Common Stock 0.8 0.8 0.8 0.8 0.8 0.8 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 0.7 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 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.3 0.3 0.3 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 0.2 0.2 0
Retained Earnings 8,831.8 8,556.9 8,192.6 7,853.9 7,544.4 7,222.2 6,920.9 6,611.8 6,333.7 6,027.1 5,810 5,542.4 5,283.2 5,042.3 4,910.2 4,670.9 4,554.9 4,315 4,202.8 4,040.1 3,867.5 3,839.2 3,740.4 3,569.2 3,462.1 3,325.2 3,272.6 3,140.2 2,935.1 3,434.8 3,369.5 3,263 3,090.1 2,845.6 2,826.6 2,550.3 2,606.3 2,433.5 2,323.2 2,161.4 1,955.3 (18.1) (55.8) (74.7) (83.1) (79.8) (23.5) (193.5) (197.6) (195.4) (191.2) (188.8) (185.8) (183.2) (154.7) (144.9) (134.3) (124.9) (93.0) (86.0) (57.2) (49.3) (40.5) (34.1) (28)
Accumulated Other Comprehensive Income (10.2) 0.9 0.1 0 (1.2) (3.4) 7.4 (14.9) (15.6) (12.8) (43.7) (50.6) (38.8) (55.5) (84.1) (65.5) (54.3) (23) (20.1) (18.6) (16.8) (14.2) (4.5) (2.1) (3.5) (14.2) (4.1) (5) (5.2) (7.9) (22.2) (21.9) (21.7) (19.6) (16.8) (16.6) (16.7) (16.8) (16.8) (14.7) (19.8) (7.2) (5.9) (4.3) (2.7) (6.8) 0.7 0.5 0.1 1.7 0.8 (0.4) 0.0 (0.0) (0.5) (0.5) (0.5) (0.5) (0.4) (0.4) (0.3) (0.2) (0.1) 0 0
Total Stockholders' Equity 5,901.1 7,096.2 6,590.2 7,173.6 6,807.2 6,444 6,100.9 5,697.2 5,338.1 5,984.8 5,712.1 5,411 5,123.2 4,796.7 4,562.2 4,318.4 4,176.3 3,958.9 3,829.7 3,639.5 3,445.4 3,395.2 3,283.1 3,093.7 2,948.5 2,780.4 2,715.8 2,566.8 2,338.2 2,788.6 2,712 2,584.8 2,388.6 2,101.8 2,089.1 1,795.3 2,076.2 1,862.2 1,849.6 1,817.1 1,722.8 782.3 728.2 653.0 605.0 577.3 210.5 170.6 165.1 167.8 169.5 168.3 171.7 174.1 203.6 213.6 224.8 234.7 242.8 114.8 123.6 53.6 59.4 58.3 15.5
Total Liabilities & Equity 6,714.2 7,880 7,351.1 7,908 7,743.9 7,364 7,123.1 6,723.2 6,495.2 7,167 7,023.6 6,681.3 6,346 6,044.5 5,781.6 5,543.3 5,359.8 5,169.1 5,048.9 4,844.9 4,641 4,615 4,411.2 4,219.4 4,025.9 3,913.4 3,999.6 3,898.9 3,726.7 3,401 3,412.1 3,244.9 3,020.2 2,879.4 2,936 2,691.5 2,561.3 2,325.6 2,269.2 2,201.5 2,192.1 1,187.7 1,126.7 1,051.5 951.7 902.8 512.7 183.2 176.0 179.5 184.7 182.0 184.6 187.5 218.1 229.8 241.0 250.6 252.4 123.4 130.4 59.9 63.5 59.9 17.8
Debt Metrics
Total Debt 0 0 0 0 200 300 400 500 600 700 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 850 1,000 1,050 1,057.1 250 250 250 250 250 250 250 0 0 0 0.9 5.4 258.9 254.7 250.6 242.6 238.8 250.0 0.0 0.0 0.8 2.8 2.8 1.9 1.9 2.0 1.9 1.9 1.9 1.8 1.8 1.8 1.9 1.8 0.7 0.3
Net Debt (1,074.2) (1,557.1) (1,136.6) (1,593.1) (1,699.9) (1,397.2) (1,153.9) (855.7) (651.5) (507.7) (307.7) (267.3) (363.5) (161.2) (166.8) 4.8 (13.3) (94.8) (108.5) (142.2) (32.3) 61.3 129.8 114.6 (75.2) 111.6 280.3 168.7 266.5 (419.2) (406) (495.9) (682.7) (455.1) (817.5) (755.9) (1,122.6) (1,023) (953) (836.6) (841.4) (26.6) 64.7 150.2 109.1 139.9 176.5 (74.4) (68.5) (67.8) (88.2) (88.4) (120.8) (131.9) (84.5) (161.4) (181.5) (199.0) (222.5) (93.2) (101.0) (16.4) (4) (3.8) (15.1)
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 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
Operating Activities
Net Income 274.9 364.3 338.7 309.5 322.2 301.3 309.1 278.1 306.6 217.1 267.6 259.2 240.9 132.1 239.3 116 239.9 112.2 162.7 172.6 28.3 98.8 171.2 107.1 137.7 52.6 132.4 205.1 (494.6) 65.3 106.5 172.9 244.5 19 276.3 (56) 178.6 110.3 161.8 206.1 235.5 15.8 12.2 7.7 4.1 (1.8) (3.2) (1.3) (2.4) (3.0) (2.6) (12.2) (3.2) (5.7) (7.4) (9.8) (10.6) (31.9) (7.0) (28.8) (7.9) (8.8) (6.4) (6.1) (12.2)
Depreciation & Amortization 22.6 22.8 21.9 21.1 19.8 19.7 19.1 18.7 15 13.7 13.3 12.9 13.3 13.2 12.9 12.7 12.5 12.6 12.4 12.4 12.5 13.1 11.8 12.6 12.4 12.5 12.7 10.4 10.3 10.5 9.4 8.1 7.9 7.7 7.7 7.7 7.9 7.8 8.2 7.9 7.7 0.6 0.6 0.6 0.5 0.6 0.6 0.6 0.6 0.5 0.5 0.6 1.1 1.0 1.4 0.8 0.8 (0.0) 0.0 0.0 (0.1) (1.4) 0.2 0 0
Stock-Based Compensation 0 39 39.1 37.8 31.8 27 41.7 49.7 25.6 16.6 21.1 13.8 (12.4) 64.8 (2.4) 65.5 (21.1) 44.7 24.6 29.1 40.1 93.7 (12.5) 51.8 30.8 29.5 23.9 (37.2) 29.2 2.8 51.4 20.5 (101.1) 118.5 (24) (1.9) (19.1) 105.3 49.9 1.5 (144.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 12.4 (143.9) 162.5 (203) 78 (4.2) 13 (108.8) 39.8 (91.7) 46 (179.3) 127.2 (87.8) (7.3) (114) 67.9 (33.1) (46.3) (73.7) (21.1) (39.2) 66.7 (17.2) 52.9 11.7 (3.1) (10.5) (179) 1.3 51.3 (19.7) 124.5 (9.9) (6.2) (134.2) 71.9 (65.7) 8.9 (91) 30.4 (1.7) 2.2 (3.5) 2.5 1.3 (9.3) 4.3 0.3 1.6 2.1 (1.5) (9.2) (4.6) (2.0) (3.6) (1.1) (0.2) 1.4 1.0 (0.4) 1.4 1.6 (1.3) 0.1
Other Non-Cash Items 127.5 (33.6) (0.1) 26.3 9.4 (2.6) (5.7) (5.5) (10.5) (5) (1.8) (0.3) 5.8 5.9 16.1 46.8 (10.5) 38.2 32.2 7.8 30 (40.2) 13.7 9.7 (19.2) (3.8) 19.5 (34.9) 6.7 38.5 18.9 (2) (0.1) (221.1) 4.7 255.1 (8.5) 5.7 (0.1) 1.2 (3.2) 0.6 0.3 0.4 0.4 0.3 0.7 0.9 0.1 0.5 0.2 6.5 4.0 0.7 0.7 0.6 0.0 22.1 0.5 18.9 1.3 1.1 (0.9) (0.1) 9.1
Operating Cash Flow 463.3 346.2 562.1 191.7 461.2 341.2 377.2 232.2 376.5 150.7 346.2 106.3 374.8 128.2 258.6 127 288.7 174.6 185.6 148.2 89.8 126.2 250.9 164 214.6 102.5 185.4 132.9 (627.4) 85.4 237.5 179.8 275.7 (85.8) 258.5 70.7 230.8 163.4 228.7 125.7 125.8 15.2 15.3 5.2 7.5 0.3 (11.2) 4.4 (1.3) (0.4) 0.3 (6.7) (7.3) (8.5) (7.4) (12.0) (11.0) (10.0) (5.1) (8.9) (7.1) (7.7) (5.5) (7.5) (3)
Investing Activities
Capital Expenditure (100.8) (172.9) (210.5) (62.2) (74.9) (86.7) (76.5) (45.1) (38.2) (78.7) (65.7) (44.7) (41.3) (39.5) (68.8) (17) (13.5) (70.6) (23.3) (16.3) (10.6) (12.3) (15.8) (18.2) (13) (24.7) (13.6) (20.3) (25.1) (51.8) (41.5) (53.5) (37.6) (27.8) (22) (20.9) (15.6) (14.7) (9.1) (10.4) (9) (0.5) (3.2) (0.4) (3.2) (0.5) (4.2) (0.6) (1.2) (1.1) (0.9) (2.0) (0.2) (0.5) (0.3) (0.1) (0.1) (0.3) (0.1) (0.1) (0.2) (0.4) (1.6) (0.2) (0.1)
Acquisitions 0 0 0 0 0 (30) 0 0 0 (89.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (13.5) 0 (7) 0 (124.1) 0 (5) 0 (30.2) (25) 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) 0 0 0 0 0 0 0 (5.1) 0.0 (0.0) (3.1) 0 0 0 0
Purchases of Investments (726.7) (545.3) (415.9) (1,806.9) (692.3) (478.5) (407.8) (230.5) (529.3) (308) (644.8) (672) (889.5) (430.5) (270) (530.5) (477.6) (496.9) (529) (310.4) (559) (610) (604.5) (615.1) (479.2) (296.8) (455.7) (139.5) (379.5) (180.1) (205.7) (363.3) (112.9) (270.9) (182.8) (150.8) (170.8) (28.4) 0 (8.4) 0 (5.6) (41.7) (7.1) 0 (29.8) 0 (9.9) (6) (28.8) (10) 2.8 (2.8) (1.2) (50.1) (65.3) (14.8) (14.4) (28.3) (13.9) (0.0) (13.5) (25.8) 0 0
Sales/Maturities of Investments 1,576.9 (780.1) 182.5 1,569.8 611.7 478 387.2 196.5 1,307.1 526.7 407.7 493.2 709.7 277.2 246.3 378.5 131.9 371.7 308.6 285.6 563.3 558.5 346.2 257.9 464.6 382.1 189.7 117.2 351.3 172.7 74.4 57 96.8 20.3 26.5 5.3 20.8 51.6 29.2 28.6 21 0.3 0 0.2 0 30 0 0 6 0.6 (0.0) 128.8 5.1 6.6 (4.4) 0.9 7.3 14.4 28.3 13.9 19.8 34.7 25.7 22.2 10
Other Investing Activities (5.7) 1,270.7 584.8 (0.6) (9.2) (6) (17.8) (0.9) (4.3) (8.7) (10.6) (3.7) 0 3.5 (1.5) 0 0 0 7.8 (7.8) 0 0 2.4 0 0 5.6 (5.6) 0 0 (46) (33) 0 0 0 8.3 0 0 0 0 (2.1) (5.2) 0 0 0 0.8 0 (1) 0.3 0 (1.5) (0.5) (4.9) 0 0.0 0.0 0 0 (3.9) 0 0 0 (0.1) 0 (75) 0
Investing Cash Flow 743.7 (227.6) 140.9 (299.9) (164.7) (123.2) (114.9) (80) 735.3 42.1 (313.4) (227.2) (221.1) (189.3) (94) (169) (359.2) (195.8) (235.9) (48.9) (6.3) (63.8) (271.7) (375.4) (27.6) 66.2 (298.7) (42.6) (60.3) (72.2) (329.9) (359.8) (58.7) (278.4) (200.2) (191.4) (165.6) 8.5 20.1 7.7 12 (5.8) (44.9) (7.4) (2.4) (0.3) (5.2) (10.2) (1.2) (31.0) (11.4) 124.8 2.1 4.9 (54.7) (64.5) (7.7) (9.2) (0.1) (0.2) 16.6 20.7 (1.7) (53) 9.9
Financing Activities
Net Debt Issuance 0 11.5 0 (211.5) (100) (100) (100) (100) (100) (100) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (50) (150) (50) 0 800 0 0 0 0 0 0 250 0 0 (0.9) (7.8) (0.1) (0.2) (0.0) (0.0) (0.0) (0.8) (1.7) (0.3) (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) (0.4) 1.1 0 0
Stock Repurchased (1,500) 0 (1,000) 0 0 (0.3) (0.4) (11.5) (1,000) (0.1) (0.2) (13.5) 0 0 (0.3) 0 (11.1) (0.2) (0.2) (0.2) (10.2) (0.1) (0.1) (0.1) (3.4) 0 (0.2) 0 (1.9) 0 0 0 0 0 0 (250) 0 (104.5) (135.8) (136.5) (123.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) (1.5) 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (58.3) (33.6) (0.5) (5.2) 6.2 25.6 36.3 63.5 32 7.3 7.8 38.2 48.6 55.5 7.3 23.9 0.1 7.7 16.8 10.8 20.3 6.2 5.7 21.7 3.2 0 1.9 0.4 11 0.1 2.4 (6.8) 10.6 1.8 3.5 3.6 34.4 2.8 4.4 3.8 0.1 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 0.6 (0.2)
Financing Cash Flow (1,484.4) 98.4 (956) (198.6) (93.8) (74.7) (64.1) (48) (1,068) (92.8) 7.6 24.7 48.6 55.5 7 23.9 (11) 7.5 16.6 10.6 10.1 6.1 5.6 21.6 (50.2) (150) (48.3) 0.4 809.1 0.1 2.4 (6.8) 10.6 1.8 3.5 3.6 34.4 (101.7) (132.3) (140.5) (123.2) 5.1 3.4 2.5 0.9 (0.1) (1.5) 1.2 2.3 (0.0) 0.0 0.2 (0.0) (0.0) (0.0) (0.4) (1.5) (4.1) 134.4 1.3 75.0 (0.6) 8.6 49.5 1.8
Cash Position
Net Change in Cash (482.9) 217 (253) (306.8) 202.7 143.3 198.2 104.2 43.8 100 40.4 (96.2) 202.3 (5.6) 171.6 (18.1) (81.5) (13.7) (33.7) 109.9 93.6 68.5 (15.2) (189.8) 136.8 18.7 (161.6) 90.7 121.4 13.2 (89.9) (186.8) 227.6 (362.4) 61.6 (116.7) 99.6 70 115.5 (9.3) 15 14.5 (26.3) 0.2 6.0 (0.0) (17.9) (4.6) (0.2) (31.4) (11.2) 118.3 (5.2) (3.6) (62.1) (76.8) (20.1) (23.4) 129.2 (7.7) 84.5 12.5 1.3 49.5 1.8
Cash at Beginning 1,557.1 1,340.1 1,593.1 1,899.9 1,697.2 1,553.9 1,355.7 1,251.5 1,207.7 1,107.7 1,067.3 1,163.5 961.2 966.8 795.2 813.3 894.8 908.5 942.2 832.3 738.7 670.2 685.4 875.2 738.4 719.7 881.3 790.6 669.2 656 745.9 932.7 705.1 1,067.5 1,005.9 1,122.6 1,023 953 837.5 846.8 831.8 56.5 82.8 82.6 68.5 68.6 86.4 91.1 91.2 122.7 133.8 15.5 20.7 24.4 86.5 163.3 183.4 224.3 95.0 102.8 18.3 5.8 4.5 (45) 6.8
Cash at End 1,074.2 1,557.1 1,340.1 1,593.1 1,899.9 1,697.2 1,553.9 1,355.7 1,251.5 1,207.7 1,107.7 1,067.3 1,163.5 961.2 966.8 795.2 813.3 894.8 908.5 942.2 832.3 738.7 670.2 685.4 875.2 738.4 719.7 881.3 790.6 669.2 656 745.9 932.7 705.1 1,067.5 1,005.9 1,122.6 1,023 953 837.5 846.8 71.0 56.5 82.8 74.5 68.5 68.6 86.4 91.1 91.2 122.7 133.8 15.5 20.7 24.4 86.5 163.3 200.9 224.3 95.0 102.8 18.3 5.8 4.5 8.6
Free Cash Flow 362.5 173.3 351.6 129.5 386.3 254.5 300.7 187.1 338.3 72 280.5 61.6 333.5 88.7 189.8 110 275.2 104 162.3 131.9 79.2 113.9 235.1 145.8 201.6 77.8 171.8 112.6 (652.5) 33.6 196 126.3 238.1 (113.6) 236.5 49.8 215.2 148.7 219.6 115.3 116.8 14.7 12.0 4.7 4.3 (0.1) (15.4) 3.8 (2.5) (1.5) (0.7) (8.7) (7.5) (9.0) (7.6) (12.1) (11.1) (10.3) (5.2) (9.0) (7.3) (8.1) (7.1) (7.7) (3.1)
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 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 781.5 790.2 799.5 798.6 794.4 735.9 748.9 714.9 677.7 614.7 609.4 596.5 506.9 491.5 516 466.9 461.9 415.2 444.7 446.5 379.1 384.9 380.1 362 356.3 311.1 401.5 373.6 362.6 381.4 412.7 444.5 389.2 464.7 445.5 444.6 370.5 409 408.2 412.6 369 404.9 386.2 347.2 327.5 346.4 329.9 322.8 289.4 289.0 302.2 280.6 245.1 243.8 242.5 225.6 204.2 195.2 201.7 183.8 165.6 166.5 171.0 137.5 128.9 108.9 97.2 84.0 79.7 75.9 75.0 68.6 62.0 59.9 59.0 51.8 40.2 45.8 40.4 40.2 33.2 29.6 33.0 30.1 23.2 21.6 20.0 18.3 13.7 13.6 14.0 12.0 11.6 1.6 1.3 1.5 0.8 0.4 0.5 0.3
Gross Profit 648.1 686.8 698.6 711 701.9 660 665.8 637.1 604.8 543.7 539.3 532.4 454.6 435.6 478.8 437.2 436 380.6 417 409.3 356.1 350.1 356.1 336.1 332.9 282.3 368.5 346.9 333.5 349.5 360.8 382.8 336 411.7 426 425.7 356.2 380.6 384.6 392.6 368.3 379.6 379.3 331.1 306.7 330.6 289.1 284.1 258.8 250.2 271.5 248.3 215.8 206.2 214.5 195.9 180.2 169.9 179.1 162.6 144.1 146.3 149.3 120.8 114.0 95.4 84.5 73.9 70.7 67.8 67.3 61.2 55.2 53.5 52.9 46.5 35.8 41.1 36.2 36.0 29.3 26.5 29.6 26.9 20.7 19.4 17.8 16.3 11.9 12.3 12.0 10.5 9.7 0.9 0.6 1.3 0.1 0.2 0.1 (0.0)
Operating Income 325.8 357.5 389.3 364.5 382.8 357.7 343.1 319.9 356.3 260.1 327 313.4 284.4 175.6 314.3 201.8 288 169.8 228.7 222.2 (64.8) 65.3 221.1 140.5 166.7 63.5 183.4 221.4 (655.9) 131.5 149.6 217.4 306.9 139 323.8 88.5 263.6 174.2 238.6 285.2 363.7 155.1 387.1 171.7 (14.8) 178.6 (32.2) 176.3 216.1 (28.5) 104.6 122.3 94.0 128.6 80.7 105.6 106.7 63.5 103.0 135.7 36.9 9.1 61.9 60.8 32.2 (2.2) 11.7 (4.1) 20.6 (133.9) 18.1 19.0 14.8 (8.4) 14.2 8.0 (7.5) 3.5 11.4 11.5 2.5 10.4 14.5 11.2 6.8 6.3 5.7 3.6 (2.4) (3.5) (2.8) (3.1) (1.4) (9.5) (13.0) (12.6) (31.1) (10.4) (30.5) (9.5)
Net Income 274.9 364.3 338.7 309.5 322.2 301.3 309.1 278.1 306.6 217.1 267.6 259.2 240.9 132.1 239.3 116 239.9 112.2 162.7 172.6 28.3 98.8 171.2 107.1 137.7 52.6 132.4 205.1 (494.6) 65.3 106.5 172.9 244.5 19 276.3 (56) 178.6 110.3 161.8 206.1 235.5 104.6 464.4 99.2 (16.6) 115.9 (25.2) 111.9 137.5 (30.3) 62.7 79.9 62.3 83.3 78.1 72.3 70.8 43.2 84.4 73.9 16.4 9.5 39.7 37.7 18.9 (3.3) 11.9 (2.3) 13.2 (81.1) 12.6 14.3 11.4 2.0 14.8 5.8 (2.8) 55.5 8.5 7.7 2.3 29.4 15.8 12.2 7.7 6.9 6.3 4.1 (1.8) (3.2) (2.4) (2.6) (3.2) (7.4) (10.6) (9.4) (31.9) (7.0) (28.8) (7.9)
EPS (Diluted) 5.82 7.66 7.16 6.41 6.63 6.19 6.39 5.85 6.17 4.36 5.38 5.24 4.86 2.67 4.91 2.41 5.03 2.35 3.42 3.65 0.61 2.19 3.84 2.41 3.12 1.20 3.01 4.66 -11.32 1.48 2.42 3.98 5.57 0.43 6.27 -1.25 3.89 2.43 3.50 4.39 4.84 2.10 9.24 1.91 -0.36 2.17 -0.53 2.10 2.43 -0.60 1.17 1.52 1.19 1.59 1.46 1.34 1.29 0.79 1.38 1.18 0.26 0.15 0.66 0.62 0.32 -0.06 0.21 -0.04 0.24 -1.49 0.22 0.30 0.24 0.04 0.33 0.13 -0.07 1.30 0.17 0.15 0.04 0.57 0.31 0.25 0.16 0.14 0.14 0.09 -0.04 -0.08 -0.06 -0.06 -0.08 -0.18 -0.26 -0.23 -0.78 -0.18 -0.78 -0.22
Balance Sheet
Cash & Equivalents 1,074.2 1,557.1 1,136.6 1,593.1 1,899.9 1,697.2 1,553.9 1,355.7 1,251.5 1,207.7 1,107.7 1,067.3 1,163.5 961.2 966.8 795.2 813.3 894.8 908.5 942.2 832.3 738.7 670.2 685.4 875.2 738.4 719.7 881.3 790.6 669.2 656 745.9 932.7 705.1 1,067.5 1,005.9 1,122.6 1,023 953 837.5 846.8 285.4 190.0 100.4 133.5 98.8 73.5 74.5 68.5 68.6 91.1 91.2 122.7 133.8 86.5 163.3 183.4 200.9 224.3 95.0 102.8 18.3 5.8 4.5 15.4
Total Assets 6,714.2 7,880 7,351.1 7,908 7,743.9 7,364 7,123.1 6,723.2 6,495.2 7,167 7,023.6 6,681.3 6,346 6,044.5 5,781.6 5,543.3 5,359.8 5,169.1 5,048.9 4,844.9 4,641 4,615 4,411.2 4,219.4 4,025.9 3,913.4 3,999.6 3,898.9 3,726.7 3,401 3,412.1 3,244.9 3,020.2 2,879.4 2,936 2,691.5 2,561.3 2,325.6 2,269.2 2,201.5 2,192.1 1,187.7 1,126.7 1,051.5 951.7 902.8 512.7 183.2 176.0 179.5 184.7 182.0 184.6 187.5 218.1 229.8 241.0 250.6 252.4 123.4 130.4 59.9 63.5 59.9 17.8
Total Debt 0 0 0 0 200 300 400 500 600 700 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 850 1,000 1,050 1,057.1 250 250 250 250 250 250 250 0 0 0 0.9 5.4 258.9 254.7 250.6 242.6 238.8 250.0 0.0 0.0 0.8 2.8 2.8 1.9 1.9 2.0 1.9 1.9 1.9 1.8 1.8 1.8 1.9 1.8 0.7 0.3
Stockholders' Equity 5,901.1 7,096.2 6,590.2 7,173.6 6,807.2 6,444 6,100.9 5,697.2 5,338.1 5,984.8 5,712.1 5,411 5,123.2 4,796.7 4,562.2 4,318.4 4,176.3 3,958.9 3,829.7 3,639.5 3,445.4 3,395.2 3,283.1 3,093.7 2,948.5 2,780.4 2,715.8 2,566.8 2,338.2 2,788.6 2,712 2,584.8 2,388.6 2,101.8 2,089.1 1,795.3 2,076.2 1,862.2 1,849.6 1,817.1 1,722.8 782.3 728.2 653.0 605.0 577.3 210.5 170.6 165.1 167.8 169.5 168.3 171.7 174.1 203.6 213.6 224.8 234.7 242.8 114.8 123.6 53.6 59.4 58.3 15.5
Cash Flow
Operating Cash Flow 463.3 346.2 562.1 191.7 461.2 341.2 377.2 232.2 376.5 150.7 346.2 106.3 374.8 128.2 258.6 127 288.7 174.6 185.6 148.2 89.8 126.2 250.9 164 214.6 102.5 185.4 132.9 (627.4) 85.4 237.5 179.8 275.7 (85.8) 258.5 70.7 230.8 163.4 228.7 125.7 125.8 15.2 15.3 5.2 7.5 0.3 (11.2) 4.4 (1.3) (0.4) 0.3 (6.7) (7.3) (8.5) (7.4) (12.0) (11.0) (10.0) (5.1) (8.9) (7.1) (7.7) (5.5) (7.5) (3)
Capital Expenditure (100.8) (172.9) (210.5) (62.2) (74.9) (86.7) (76.5) (45.1) (38.2) (78.7) (65.7) (44.7) (41.3) (39.5) (68.8) (17) (13.5) (70.6) (23.3) (16.3) (10.6) (12.3) (15.8) (18.2) (13) (24.7) (13.6) (20.3) (25.1) (51.8) (41.5) (53.5) (37.6) (27.8) (22) (20.9) (15.6) (14.7) (9.1) (10.4) (9) (0.5) (3.2) (0.4) (3.2) (0.5) (4.2) (0.6) (1.2) (1.1) (0.9) (2.0) (0.2) (0.5) (0.3) (0.1) (0.1) (0.3) (0.1) (0.1) (0.2) (0.4) (1.6) (0.2) (0.1)
Free Cash Flow 362.5 173.3 351.6 129.5 386.3 254.5 300.7 187.1 338.3 72 280.5 61.6 333.5 88.7 189.8 110 275.2 104 162.3 131.9 79.2 113.9 235.1 145.8 201.6 77.8 171.8 112.6 (652.5) 33.6 196 126.3 238.1 (113.6) 236.5 49.8 215.2 148.7 219.6 115.3 116.8 14.7 12.0 4.7 4.3 (0.1) (15.4) 3.8 (2.5) (1.5) (0.7) (8.7) (7.5) (9.0) (7.6) (12.1) (11.1) (10.3) (5.2) (9.0) (7.3) (8.1) (7.1) (7.7) (3.1)