Valaris Limited logo VAL - Valaris Limited

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 11
HOLD 27
SELL 16
STRONG
SELL
0
| PRICE TARGET: $96.00 DETAILS
HIGH: $96.00
LOW: $96.00
MEDIAN: $96.00
CONSENSUS: $96.00
DOWNSIDE: 5.11%
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 465.4 537.4 595.7 615.2 620.7 584.4 643.1 610.1 525 483.8 455.1 415.2 430.1 433.6 437.2 413.3 318.4 305.5 326.7 293.1 307.1 296.5 285.3 388.8 456.6 512.1 551.3 583.9 405.9 399 430.9 458.5 417 454.2 460.2 457.5 471.1 504.6 548.2 909.6 814 828.3 1,012.2 1,059 1,163.9 1,159.8 1,201.4 1,136.6 1,066.7 990.6 1,162.2 1,130.3 1,040.3 1,085.5 1,123.5 1,071.1 1,020.6 956.4 915.6 564.2 361.5 408.5 428.3 411.4 448.6 497.8 408.9 498 484.2 604.8 619.5 609.4 559.9 517.7 536.4 520.4 514.1 470.6 486.1 475.2 381.6 311.3 271.6 243 208.4 204.6 187 170.9 178.1 196.7 194.3 194.2 146.1 179.1 215.5 195.3 171.2 149.8 116.6 96.2
Cost of Revenue 416.1 454 405.6 395.7 415 415.3 462.1 438.7 444.8 402 390.9 373.5 377.2 353.4 336.7 361.8 331.3 280.9 274.6 258.8 253.6 316.5 307.2 370.7 476 476.6 496.5 500.3 332.6 322.8 327.1 344.3 325.2 334.3 285.8 291.3 278.1 289 298.1 350.2 363.7 415.2 433.5 502.6 518.3 514 500.2 542.5 520.2 405.8 534.3 527.2 479.8 524.5 507.3 494 502.2 493.7 477.5 286.3 191.6 185.6 194.1 206 182.4 175.8 175.4 203.2 154.6 185.2 185.2 203 178.6 170.6 175.5 162.3 162.8 151.9 150.5 146.4 127.9 123.5 114.8 108.7 107.4 101.8 99.4 102.1 102.8 113.9 109 102.5 74.1 88.7 89.7 89.6 78.1 81 67.7 63.8
Gross Profit 49.3 83.4 190.1 219.5 205.7 169.1 181 171.4 80.2 81.8 64.2 41.7 52.9 80.2 100.5 51.5 (12.9) 24.6 52.1 34.3 53.5 (20) (21.9) 18.1 (19.4) 35.5 54.8 83.6 73.3 76.2 103.8 114.2 91.8 119.9 174.4 166.2 193 215.6 250.1 559.4 450.3 413.1 578.7 556.4 645.6 645.8 701.2 594.1 546.5 584.8 627.9 603.1 560.5 561 616.2 577.1 518.4 462.7 438.1 277.9 169.9 222.9 234.2 205.4 266.2 322 233.5 294.8 329.6 419.6 434.3 406.4 381.3 347.1 360.9 358.1 351.3 318.7 335.6 328.8 253.7 187.8 156.8 134.3 101 102.8 87.6 68.8 75.3 82.8 85.3 91.7 72 90.4 125.8 105.7 93.1 68.8 48.9 32.4
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 25.3 27 26.9 19.1 24.6 26.3 30 31.8 25.8 23.7 24.1 26.3 24.3 19.6 15.2 14.9 14.8 15.7 23.5 15.3 20.3 21 69.1 59.5 50.4 39.9 34.2 64.2 26.8 16.1 25.1 26.1 27.9 19.3 30.4 30.5 26 24.7 25.3 27.4 23.4 30.2 28.4 29.7 30.1 28.3 29.3 36.2 38.1 35.2 37.4 36.4 37.8 35 40.2 175 177.6 180.4 176.6 130.9 89.6 80 76.2 74.8 74.5 78.5 66.9 65.3 60 60 62.9 62.2 60.2 58.2 58.6 65.9 61.1 55.9 56 54.9 52.8 45.7 46.5 44.9 44.5 42.9 42.8 43.4 41.3 40.5 38.7 98.9 34 42.7 33.3 32.6 31.8 30.1 30.5 26.6
Other Expenses 0 0 37.1 36.3 38.1 23.6 56.1 30.7 25.1 19.8 23.5 25.3 20.1 19.5 23.7 52.2 22.2 906.3 25.5 51.9 880.7 128.1 3.4 977.8 2,982 188.7 256.8 176.8 127.8 170.2 120.6 120.7 115.2 354 108.2 107.9 109.2 110.2 109.4 112.4 113.3 2,893.7 147.6 140.5 137.1 3,654.6 135.2 835.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 303 84 0 0
Operating Expenses 25.3 27 64 55.4 62.7 49.9 86.1 62.5 50.9 43.5 47.6 51.6 44.4 39.1 38.9 67.1 37 922 49 67.2 901 149.1 72.5 1,037.3 3,032.4 228.6 291 241 154.6 186.3 145.7 146.8 143.1 373.3 138.6 138.4 135.2 134.9 134.7 139.8 136.7 2,923.9 176 170.2 167.2 3,682.9 164.5 871.9 167.3 136.9 135.7 168.7 159.6 178 182.8 175 177.6 180.4 176.6 130.9 89.6 80 76.2 74.8 74.5 78.5 66.9 65.3 60 60 62.9 62.2 60.2 58.2 58.6 65.9 61.1 55.9 56 54.9 52.8 45.7 46.5 44.9 44.5 42.9 42.8 43.4 41.3 40.5 38.7 98.9 34 42.7 33.3 32.6 31.8 30.1 30.5 26.6
Operating Income
Operating Income 24 56.4 126.1 164.1 143 119.2 94.9 108.9 29.3 38.3 16.6 (9.9) 8.5 41.1 61.6 (15.6) (49.9) (897.4) 3.1 (32.9) (847.5) (169.1) (94.4) (1,019.2) (3,051.8) (193.1) (236.2) (157.4) (81.3) (110.1) (41.9) (32.6) (51.3) (253.4) 35.8 27.8 57.8 80.7 115.4 419.6 313.6 (2,510.8) 402.7 386.2 478.4 (3,037.1) 536.7 (277.8) 377.3 445.9 457.9 434.7 394.8 382.1 433.6 405.3 344.2 292.3 261.5 147 80.3 142.9 158 131.3 193.8 248 171 233.6 273.8 360.4 372.1 345.9 322.9 290 303.2 294.3 290.2 261.7 280 274.2 201.3 139 109.9 88.7 56.9 61.5 48.7 27.3 36 43.5 47.9 (5.4) 39.6 47.7 92.5 73.1 63.2 40.3 21.9 5.8
Interest Expense 24.3 24.8 24.9 24.8 24.3 22.1 22.4 22.6 17.7 21.7 19.4 16.7 11.1 10.5 11.7 11.6 11.5 11.7 11.3 9 1.3 1.4 59.8 116.2 0 428.3 0 0 0 282.7 0 0 0 224.2 0 0 0 228.8 0 0 0 216.3 0 0 0 161.4 0 0 0 158.8 0 0 39.2 123.6 25.3 (24.2) (28.7) 95.9 (24.3) (17.3) (3.9) 0.2 0.2 0.2 0.1 0.3 0.8 0.4 0.7 2.1 3.2 3.7 5 6.7 7.1 5.5 1 3 4 5 4 6 7 8 7 8 9 9 10 9 9 8 8 7 (6.2) (6) (2.4) (2.3) (0.6) (1)
Interest Income 17 18.7 22.6 15.1 14.4 16.6 17.5 31 21 27.2 26.6 24.6 23 15.5 27.9 11.2 10.9 11 9.7 5.7 2.6 4.5 4.7 5.7 108.4 0 107.2 106.4 77.5 0 68.6 71.8 62.6 0 40.6 52.7 51.4 13.8 49.6 51.5 62.8 0 54.3 47.8 50 0 34.9 32.9 31 16.6 35.9 39.5 3.3 22.8 5.5 5.8 5.9 17.2 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 66.7 101.8 277.9 200.4 181.1 142.8 151 139.6 54.4 58.1 40.1 15.4 28.6 54.5 87.4 39 (26.1) 8.4 31.7 18.5 28.6 (49.2) (88.8) (32) (67) (3.1) 19.8 16.6 32 50.6 72.4 80.5 47.1 95.2 124.8 117.7 148 186.6 219.8 525.8 421.9 378.8 566 517.7 611.5 615.7 670 556.5 505.6 539.5 587.4 539.7 534.5 520.6 571.8 407.3 413.1 486.6 261.5 193.4 137.2 196.2 213 200.8 276.6 310.9 228.4 291.1 320.7 380.4 379.5 411 382 353.5 371.5 367.2 345.9 (459.5) 301.9 313.6 236.9 172.7 136.7 123.5 97.3 92.5 78 63 73.5 68.2 1.5 20.8 53 71.1 109.2 90.2 88.8 65 44.7 27.4
EBIT 24 61.2 240.8 164.9 148 108.9 119.3 109.9 27.6 30.6 14.3 (9.1) 5.3 36.8 62.7 14.3 (50.2) (16.2) 4.2 (35.1) (88.9) (163.4) (213.4) (172.9) (234.3) (168.2) (142.4) (138.5) (78.5) (62.3) (41.9) (32.6) (51.3) (18.9) 35.8 27.8 57.8 80.7 115.4 419.6 313.6 233.2 405.1 386.2 478.4 478.1 536.7 425.7 377.3 445.9 457.9 434.7 394.8 382.1 433.6 358.4 273.2 372.9 223.7 111.6 78.6 142.7 160.9 144.3 197 275 179.6 275.8 277.3 358.8 376.2 371 338.9 345.5 331.5 327.2 300.8 266.4 284.7 277 202.7 157.5 112 92.6 57.8 62.3 48.5 32.1 36.7 46 (0.5) (4.4) 41.1 48.4 80.1 61.3 58 35.6 (0.1) 3.9
Income Before Tax 10.4 36.4 215.9 145.7 154.3 123.8 87.2 120.8 38.4 38.3 27.7 (2.8) 21 40.9 91.5 133 (40.5) 1.3 0.5 (3,560.7) (875.9) (182.6) (650.1) (1,124.6) (3,159.7) (151.2) (196) 439.9 (156.5) (179.9) (119.6) (117.4) (122) (166.1) (4.6) (25.4) 0.1 34.5 84.5 629.5 249 (2,558.1) 350.3 330.8 405.8 (3,086.7) 498.3 (308.6) 348.2 417 456.3 394.9 365 360.4 408.1 380.6 317.5 263.8 248 128.9 82.5 142.5 160.7 144.3 197 250.6 174.6 240.5 269.5 351.4 365.6 352.7 327.4 300.6 313 302.1 299.8 263.4 279.4 270.8 197.7 134.1 105 80.6 50.8 54.3 39.5 19.4 26.7 37 38.3 (12) 33.1 41.7 86.3 67.3 60.6 38.2 21.5 4.9
Income Tax Expense 28.4 (680.4) 28.6 31.5 193.5 (6.8) 24.3 (30) 12.9 (790.2) 10.7 24.5 (27.6) 9.8 13.8 20.2 (0.7) (32) 53.3 (0.4) 31.7 (113.5) 21.9 (15.8) (152) 62.8 1.5 32.6 31.5 23.2 23.3 24.7 18.4 42.4 23.4 19.3 24.1 3.9 (3.5) 36.7 71.4 (182.8) 33.2 58 77.7 (26.2) 74.6 42.6 49.5 38.4 65.4 48.5 50.8 117.1 46.9 43.4 37 31.2 41.9 25.3 17 11.9 26.7 22.4 35 50.3 29.6 45.9 54.2 45.3 68.8 64.6 58.6 66.7 53.6 60.5 67.5 57.7 64.7 76.8 53.5 34 28 24.1 14.4 15 8.9 4.4 6.9 10.2 10.9 (3.9) 10.6 11.8 25.1 20.4 17.9 12.9 7.2 1.8
Net Income (16.4) 717.5 188.1 115.1 (37.9) 133.7 64.6 149.6 25.5 835.2 12.9 (29.4) 46.7 29.2 74.3 111.6 (38.6) 33.3 (54.5) (3,563.2) (910) (70.9) (670.9) (1,107.4) (3,006.3) (216) (197.1) 405.5 (190.4) (203.6) (145) (151) (140.1) (207.1) (25.4) (45.5) (25.7) 39 85.3 590.6 175.3 (2,471.8) 292 260.3 324.7 (3,451.8) 429.4 (1,172.7) 292.7 372.1 384.3 340.8 308.1 239.1 355.7 341.3 265.4 229.4 204.5 101.9 64.6 132.9 130.5 126.3 189.8 208.7 149.7 200.3 220.7 299.8 282.3 296.7 272 238.6 266.7 254.4 232.3 210.4 214.8 194.7 149.8 103.6 74.3 67.7 39.3 38.5 25.8 17.5 21 26.5 31.1 (10.7) 23.3 29.9 61.2 46.9 42.7 25.3 14.3 3.1
Per Share Data
EPS (Basic) -0.24 10.32 2.66 1.62 -0.53 1.88 0.89 2.07 0.35 11.47 0.18 -0.39 0.62 0.39 0.99 1.49 -0.53 0.37 -0.73 -47.51 -12.13 -0.95 -8.95 -14.77 -32.64 -2.34 -2.14 4.33 -1.69 -1.88 -1.34 -1.32 -1.29 -1.96 -0.34 -0.61 -0.34 0.36 1.13 8.15 2.99 -40.75 5.35 4.60 5.52 -52.88 7.16 -6.11 5.04 6.40 6.64 5.91 5.35 4.12 6.20 5.95 4.63 3.98 3.58 2.39 1.82 3.76 3.70 3.59 5.39 5.93 4.25 5.66 6.31 8.57 7.97 8.29 7.60 6.63 7.27 6.73 6.16 5.54 5.61 5.07 3.90 2.70 1.96 1.80 1.04 1.02 0.68 0.46 0.56 0.70 0.83 -0.29 0.68 0.89 1.75 1.34 1.22 0.72 0.41 0.09
EPS (Diluted) -0.24 10.26 2.65 1.61 -0.53 1.88 0.88 2.03 0.35 11.30 0.17 -0.39 0.61 0.38 0.98 1.48 -0.53 0.37 -0.73 -47.51 -12.13 -0.95 -8.95 -14.77 -32.64 -2.34 -2.14 4.33 -1.69 -1.88 -1.34 -1.32 -1.29 -1.96 -0.34 -0.61 -0.34 0.37 1.13 8.15 2.99 -40.72 5.35 4.60 5.54 -52.88 7.16 -6.11 5.06 6.43 6.65 5.90 5.34 4.15 6.19 5.95 4.63 3.98 3.58 2.39 1.82 3.76 3.70 3.59 5.39 5.93 4.25 5.66 6.31 8.57 7.97 8.29 7.60 6.63 7.27 6.73 6.16 5.54 5.61 5.07 3.90 2.70 1.96 1.80 1.04 1.02 0.68 0.46 0.56 0.70 0.83 -0.29 0.68 0.89 1.75 1.34 1.22 0.72 0.41 0.09
Shares Outstanding 69.2 69.5 70.7 71.1 71 71.1 72.4 72.4 72.4 72.8 73.7 74.8 75.2 75.2 75.1 75 75 75.0 74.7 75 75.0 75.0 75.0 75.0 92.1 92.1 92.1 92.1 109.2 108.6 108.6 108.5 108.4 106.6 75.3 75.2 75.2 75.9 74.7 71.2 58.1 58.1 58.1 58.0 58.2 58.0 58.0 57.9 58.0 58.1 57.9 57.7 57.6 58.0 57.4 57.4 57.3 57.6 57.2 42.6 35.4 35.3 35.3 35.2 35.2 35.2 35.2 35.4 35 35 35.4 35.8 35.8 36 36.7 37.8 37.7 38 38.3 38.4 38.4 38.4 37.9 37.6 37.8 37.7 37.8 37.7 37.7 37.6 37.5 37.3 34.1 33.7 34.9 34.9 34.9 34.9 34.8 34.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4
Current Assets
Cash & Cash Equivalents 584.4 606.4 662.7 503.4 441.4 368.2 379.3 398.3 494.1 620.5 1,057.3 805.3 822.5 748.5 406 553.5 578.2 608.7 620.8 608.8 291.7 325.8 180.4 202 184.9 97.2 129.5 959.1 298.4 275.1 196 485.5 465.4 445.4 724.4 169.6 271.7 1,159.7 465.4 790.3 1,084 1,237 1,229 1,141 882 927 623 283 297 354 262 159 147 163 215 242 210 107 103 106 83 144 194 253 295 330 294 351 319 262 122 72 88 81 90 77 75 77 90 98 120 148 129 109 89 128
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 220 0 0 0 0 0 0 0 0 0 0 0 0 135 245 329 434 255 399 440 1,069.8 1,680.4 1,805.6 1,442.6 1,302 1,010 295 0 0 0 0 0 0 0 0 0 9 37 38 33 43 14 0 0 0 0 0 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5 0 3 6 6 6 0 0 0
Net Receivables 455 479.1 513.7 554.2 557.7 571.2 555.8 631.7 510.9 459.3 492.4 473.4 326.2 449.1 535.5 544.6 439.3 444.2 455.8 436.1 449.8 449.2 429.7 363.3 493.2 520.7 567 628.7 313.7 344.7 348.5 332.7 304.1 345.4 349 366.4 324.1 361 352.1 391.3 574 303 310.6 324.6 489 477 434.1 144 151 149 166 174 162 147 178 160 152 159 140 113 96 85 80 64 81 118 149 155 166 157 163 143 124 111 96 97 65 61 65 54 46 36 52 52 49 51
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 67.2 0 0 0 0 0 0 0 269.7 279.4 293.1 303 308.9 340.1 347.1 360.7 263.8 268.1 270.7 274.8 281.9 278.8 219.7 219.2 220.9 225.2 231.3 231.4 235.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 4 4 3
Other Current Assets 31.7 30.6 78.4 76.4 86.9 77.8 94.1 116.2 123.3 119.7 27.5 30.6 114.7 27.4 107.4 108.3 91.5 86.2 77.1 99.3 30.4 24.8 25.9 50.4 29.1 33.4 38.7 17 18.1 19.1 13.5 17.3 20.9 15 17.3 17.2 15.6 19.8 17.1 131.7 369.8 148 161 187 166 148 105 32 37 40 37 44 40 44 31 31 25 23 22 21 22 23 24 23 22 28 68 21 21 28 19 16 17 19 14 27 22 23 13 9 15 26 12 6 9 11
Total Current Assets 1,150.5 1,187.6 1,343.6 1,227.4 1,157.8 1,078.7 1,111.5 1,224.6 1,197.6 1,272.2 1,649.5 1,381.6 1,395.5 1,287.1 1,342.6 1,280.9 1,173.2 1,206.6 1,227.5 1,217.7 1,109.6 1,155.5 1,043.3 1,044.2 1,073 1,041.1 1,184 2,222.5 1,211.9 1,309.7 1,382.5 1,462.8 1,578.7 1,612 2,461.5 2,531.8 2,713.6 3,279.3 2,465.7 2,554.7 2,322.8 1,688 1,701 1,653 1,537 1,552 1,162 460 485 543 474 414 388 386 467 446 386 289 266 239 200 273 298 340 398 476 511 527 506 447 304 231 229 211 200 201 162 166 168 164 187 216 203 171 151 193
Non-Current Assets
Property, Plant & Equipment 2,165 2,158.1 2,034.7 2,021.6 1,977.1 1,932.9 1,842.7 1,809.4 1,732.3 1,633.8 1,159.9 1,073.7 1,015.5 998.2 977.3 931.7 952.3 890.9 916.2 930.2 10,122.9 10,996.3 11,124 11,238.8 12,211.1 15,155 15,315.6 15,512.8 12,556.8 12,616.2 12,731.6 12,783.9 12,834.8 12,873.7 11,096.4 11,059 11,120.7 10,919.3 10,959.7 11,021.2 11,097.1 4,605 4,483 4,477 4,234 3,962 3,215 2,375 2,306 2,217 2,219 2,207 2,258 2,283 1,702 1,681 1,678 1,685 1,651 1,622 1,596 1,577 1,550 1,519 1,461 1,389 1,338 1,321 1,262 1,177 1,057 1,057 1,000 992 947 934 642 633 598 582 558 523 537 522 516 456
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 0 336 336 336 336 336 336 343 343 343 351 350 350 350 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 282.3 0 0 0 0 0 0 0 0 305.9 300.1 0 2.4 3.1 3.8 10.4 11.9 13.4 14.9 0 2.5 5.4 8.2 14.2 15.7 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 507.6 490.7 119.3 114.9 116 113.4 368.1 126.5 126.8 124.4 391.3 381.7 114.4 365.1 102.6 99.6 90.9 86.6 87.9 85.4 565.5 563.6 563.8 570 575.3 581.6 138.2 139.4 0 (70.7) (62.7) (16) (19) 0 0 0 0 0 0 0 0 45 55 61 62 62 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7 7 7 7 7 9 9 8
Other Non-Current Assets 185.1 104.2 466.8 463.9 456.9 445.3 219.1 414 442.9 154.4 284.2 251.4 425.8 209.9 347.4 396.4 360.5 359.3 25.5 25.6 126.2 133.5 134.1 133.5 136.3 115 491 444 18.8 95.3 99.1 85.7 106 124.5 125 133.1 138 175.6 167.9 189.1 190.1 (118) (171) (157) (177) (172) (303) (313) (260) (266) (259) (181) (266) (275) (138) (121) (110) (96) (75) (74) (72) (78) (82) (73) (67) (52) (30) (9) 1 20 13 24 25 39 52 60 (8) (5) 9 5 4 4 4 6 5 7
Total Non-Current Assets 4,213.2 4,117.2 3,294.7 3,275.9 3,229 3,341.1 3,266.9 3,191 3,156.8 3,050 1,835.4 1,706.8 1,555.7 1,573.2 1,478.6 1,479.9 1,464.5 1,396.5 1,375 1,384 10,837.3 11,717.7 11,867.9 11,994.7 12,952.1 15,890.1 16,046.6 16,217.6 12,651.1 12,714 12,836.1 12,877.8 12,955 13,013.9 11,221.4 11,192.1 11,258.7 11,095.2 11,136.6 11,210.3 11,287.2 5,233 5,082 5,094 4,812 4,533 3,602 2,759 2,726 2,640 2,636 2,689 2,674 2,699 1,825 1,806 1,805 1,819 1,778 1,750 1,724 1,711 1,674 1,643 1,585 1,517 1,479 1,462 1,402 1,325 1,183 1,183 1,111 1,104 1,050 1,041 663 655 639 618 592 557 576 565 558 498
Total Assets 5,363.7 5,304.8 4,638 4,503.3 4,386.8 4,419.8 4,333.4 4,415.6 4,354.4 4,322.2 3,484.9 3,088.4 2,951.2 2,860.3 2,821.2 2,760.8 2,637.7 2,603.1 2,602.5 2,601.7 11,946.9 12,873.2 12,911.2 13,038.9 14,025.1 16,931.2 17,230.6 18,440.1 13,863 14,023.7 14,218.6 14,340.6 14,533.7 14,625.9 13,682.9 13,723.9 13,972.3 14,374.5 13,602.3 13,765 13,610 6,921 6,783 6,747 6,349 6,085 4,764 3,219 3,211 3,183 3,110 3,103 3,062 3,085 2,292 2,252 2,191 2,108 2,044 1,989 1,924 1,984 1,972 1,983 1,983 1,993 1,990 1,989 1,908 1,772 1,487 1,414 1,340 1,315 1,250 1,242 825 821 807 782 779 773 779 736 709 691
Current Liabilities
Account Payables 398.5 348.2 327.1 332.3 329.3 328.5 303.7 347 394.2 400.1 376.4 364.2 324.1 256.5 256.6 287 311.2 225.8 203 183.9 176.8 176.4 180.7 151.9 258.4 288.2 326.4 335.2 214.2 210.5 225.8 218.3 251.5 432.6 187.9 188 165.3 145.9 156.5 152.3 213 153 98 159 33 38 28 17 16 16 10 21 15 30 9 9 6 13 10 10 7 8 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 37.6 35.6 0 0 0 0 0 0 0 0 17 11.3 0 9.4 0 0 0 0 0 0 18.8 15.7 15.6 2,534.9 243.6 145.9 125.5 1,125.3 0 0 0 0 0 0 0 0 37.6 331.9 25.6 0 870 17.2 17.2 17.2 17.2 17.2 167.1 23 23 23 21 21 21 21 12 12 12 12 0 1 2 4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 98.9 87.7 79 73.7 78 87.2 107.6 117.3 122.3 116.2 103.4 96.2 65.8 78 84.8 63.5 56.3 45.8 32.5 35.2 53.6 57.6 38.9 31.5 24.5 30 (125.5) (1,125.3) 0 0 0 0 0 0 0 0 (37.6) (331.9) (25.6) 0 (870) 365 379 377 356 344 353 353 337 345 324 312 332 341 261 245 (12) (12) 0 (1) (2) (4) (10) 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 160.7 117.2 117.3 109.7 101 123.8 145.5 115.2 99.6 103.8 136.4 104.5 95.1 77.5 95.8 93.7 87.9 69.8 104.1 87.2 129.8 81.5 71.9 251.9 232.3 232.2 407.7 438.3 302.7 318 310 331.5 321.8 325.9 300.8 315 343.2 376.6 408.1 458.5 424.4 245.8 221.8 308.8 48.8 38.8 236.9 150 151 148 180 170 162 150 110 79 81 92 107 88 93 123 115 131 124 159 178 183 176 131 123 119 102 104 104 103 78 87 85 105 106 86 83 79 75 66
Total Current Liabilities 777.7 691.6 718 678.7 694.6 679.5 692.3 707.6 760.7 744.3 723 658.9 591.8 504.4 519.1 547.1 523.3 422 426.8 396.6 467.4 426.8 388 3,068.1 885.2 830.7 859.6 1,898.8 516.9 528.5 535.8 549.8 573.3 758.5 488.7 503 546.1 854.4 590.2 610.8 1,507.4 416 337 485 455 438 432 190 190 187 211 212 198 201 131 100 99 117 117 99 102 135 125 131 124 159 178 183 176 131 123 119 102 104 104 103 78 87 85 105 106 86 83 79 75 66
Non-Current Liabilities
Long-Term Debt 1,086.8 1,123.3 1,085.2 1,084.3 1,083.5 1,082.7 1,081.8 1,081 1,080.1 1,079.3 1,079.4 681.9 542.8 542.4 541.8 545.7 545.5 545.3 545.1 544.8 0 0 0 4,092.2 6,148.6 5,923.5 6,042.3 6,020.1 5,018.5 5,010.4 5,002.6 4,994.9 4,987.3 4,750.7 4,747.7 4,744.7 4,905.9 4,942.6 4,677 4,905.6 4,991 249 257 257 265.7 274 300 539 547 550 536 544 548 550 469 469 475 422 410 410 360 371 372 373 375 376 382 389 395 401 209 216 236 259 254 273 151 159 163 141 149 162 170 136 123 126
Deferred Tax Liabilities 165.2 165.9 27 29.4 29.4 30.1 31.1 31.2 31.6 29.9 234.5 234.2 0 275 271 274.2 285.2 0 330.7 0 15.7 13.7 37.3 37.1 35.2 99 0 0 0 0 0 0 0 0 0 0 0 0 0 8.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 86.1 51.8 255.9 258.6 254.7 254.9 143.5 302.9 365.7 385.2 204.7 205.6 464.6 240.6 539.8 527.6 544.8 558.4 591.3 569.8 7,967.6 8,026.5 7,925.6 600.8 603.7 706.9 744.7 750.4 386.2 396 390 362 382 386.7 279.2 285.9 294.5 322.5 354.1 361.7 405.2 488 498 506 507.3 477 423 371 369 365 341 357 349 356 271 256 247 240 214 213 215 243 238 229 222 213 204 186 176 163 155 144 119 106 78 79 49 44 45 40 35 37 44 45 45 45
Total Non-Current Liabilities 1,424.3 1,441.5 1,469.4 1,491.3 1,480.7 1,496 1,517.3 1,520.6 1,563.4 1,580.9 1,561.9 1,163.4 1,007.4 1,058 1,081.6 1,073.3 1,090.3 1,103.7 1,136.4 1,114.6 8,018.3 8,076.1 8,010.6 4,785.4 6,844.3 6,790.9 6,840.5 6,819.1 5,445.8 5,406.4 5,392.6 5,356.9 5,369.3 5,137.4 5,026.9 5,030.6 5,200.4 5,265.1 5,031.1 5,267.3 5,396.2 737 755 763 773 751 723 910 916 915 877 901 897 906 740 725 722 662 624 623 575 614 610 602 597 589 586 575 571 564 364 360 355 365 332 352 200 203 208 181 184 199 214 181 168 171
Total Liabilities 2,202 2,133.1 2,187.4 2,170 2,175.3 2,175.5 2,209.6 2,228.2 2,324.1 2,325.2 2,284.9 1,822.3 1,599.2 1,562.4 1,600.7 1,620.4 1,613.6 1,525.7 1,563.2 1,511.2 8,485.7 8,502.9 8,398.6 7,853.5 7,729.5 7,621.6 7,700.1 8,717.9 5,962.7 5,934.9 5,928.4 5,906.7 5,942.6 5,895.9 5,515.6 5,533.6 5,746.5 6,119.5 5,621.3 5,878.1 6,903.6 1,153 1,092 1,248 1,228 1,189 1,155 1,100 1,106 1,102 1,088 1,113 1,095 1,107 871 825 821 779 741 722 677 749 735 733 721 748 764 758 747 695 487 479 457 469 436 455 278 290 293 286 290 285 297 260 243 237
Stockholders' Equity
Common Stock 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 82.6 82.6 82.6 82.6 82.5 82.5 82.5 82.5 46.2 46.2 46.2 46.2 44.8 44.8 31.6 31.1 31.1 31.1 31 31 24.4 15 15 15 18 18 18 17 17 17 17 17 17 17 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 8 8 8 8 8 7 7 7 7 7 7 7 6 25 25
Retained Earnings 2,365.3 2,381.7 1,664.2 1,476.1 1,361 1,398.9 1,265.2 1,200.6 1,051 1,025.5 190.3 177.4 206.8 160.1 114.3 40 (71.6) (16.4) (60.7) (6.2) (5,093.8) (4,183.8) (4,112.9) (3,442) (2,334.6) 671.7 887.7 1,084.8 679.3 874.2 1,082.5 1,232 1,387.4 1,532.7 1,744.2 1,772.8 1,821.4 1,864.1 1,828.2 1,746 1,158.5 5,142 5,066 4,879 4,528 4,331 2,743 960 946 929 882 854 835 850 764 698 640 597 570 545 532 525 527 542 555 538 515 459 382 299 225 160 108 72 40 13 (9) (24) (41) (57) (64) (72) (80) (87) (96) (107)
Accumulated Other Comprehensive Income 80.3 77.3 37.9 36.9 35.3 34.2 24.4 24.3 25.1 25.2 30.6 30.6 14.5 31.1 (9.1) (9.2) (9.4) (9.1) (0.2) (0.2) (93.2) (87.9) (11.2) (13.3) (7.2) 6.2 18.9 19.9 19.7 18.2 19.2 20.5 29 28.6 28.6 26.9 23.5 19 21.5 19.8 21.8 (1,623) (1,650) (1,674) (1,570) (1,551) (1,302) (945) (911) (909) (842) (809) (832) (751) (665) (638) (610) (584) (563) (539) (517) (500) (479) (455) (432) (410) (389) (394) (375) (357) (331) (305) (280) (257) (235) (219) (201) (185) (170) (165) (151) (129) (143) (130) (136) (125)
Total Stockholders' Equity 3,161.2 3,169.6 2,447.8 2,329.7 2,207 2,238.5 2,114.9 2,176.8 2,020.9 1,987.6 1,183.9 1,254.1 1,342.1 1,289.9 1,214.4 1,140.4 1,022.6 1,074.7 1,036.6 1,089.5 3,463.1 4,374.6 4,518.7 5,190.4 6,298.3 9,310.9 9,531.4 9,720.6 7,900.5 8,091.4 8,292.4 8,436.2 8,593.6 8,732.1 8,165.2 8,184.6 8,221.2 8,250.6 7,972.7 7,879.9 6,700.7 5,768 5,691 5,499 5,122 4,896 3,610 2,119 2,105 2,081 2,022 1,990 1,967 1,978 1,421 1,428 1,370 1,329 1,302 1,267 1,247 1,235 1,237 1,251 1,262 1,245 1,226 1,231 1,161 1,077 1,000 935 882 846 815 787 547 531 514 496 489 488 482 476 466 455
Total Liabilities & Equity 5,363.7 5,304.8 4,638 4,503.3 4,386.8 4,419.8 4,333.4 4,415.6 4,354.4 4,322.2 3,484.9 3,088.4 2,951.2 2,860.3 2,821.2 2,760.8 2,637.7 2,603.1 2,602.5 2,601.7 11,946.9 12,873.2 12,911.2 13,038.9 14,025.1 16,931.2 17,230.6 18,440.1 13,863 14,023.7 14,218.6 14,340.6 14,533.7 14,625.9 13,682.9 13,723.9 13,972.3 14,374.5 13,602.3 13,765 13,610 6,921 6,783 6,747 6,350 6,085 4,765 3,219 3,211 3,183 3,110 3,103 3,062 3,085 2,292 2,253 2,191 2,108 2,043 1,989 1,924 1,984 1,972 1,984 1,983 1,993 1,990 1,989 1,908 1,772 1,487 1,414 1,339 1,315 1,251 1,242 825 821 807 782 779 773 779 736 709 692
Debt Metrics
Total Debt 1,154.6 1,196.2 1,163.7 1,169.8 1,162.7 1,167.6 1,171.8 1,152.8 1,159.4 1,155.4 1,096.4 693.2 551.6 551.8 551.5 554.2 555.2 555.3 556.7 559.9 39.9 37.3 56.2 6,671.2 6,440.2 6,121.2 6,221.3 7,194 5,059.6 5,010.4 5,002.6 4,994.9 4,987.3 4,750.7 4,747.7 4,744.7 4,943.5 5,274.5 4,702.6 4,905.6 5,861 266 274 274 283 292 467 562 570 573 558 566 569 571 481 481 488 435 410 412 363 375 376 377 379 399 405 412 421 430 242 251 271 294 288 307 183 191 194 183 191 203 208 171 155 153
Net Debt 570.2 589.8 501 666.4 721.3 799.4 792.5 754.5 665.3 534.9 39.1 (112.1) (270.9) (196.7) 145.5 0.7 (23) (53.4) (64.1) (48.9) (251.8) (288.5) (124.2) 6,469.2 6,255.3 6,024 6,091.8 6,234.9 4,761.2 4,735.3 4,806.6 4,509.4 4,521.9 4,305.3 4,023.3 4,575.1 4,671.8 4,114.8 4,237.2 4,115.3 4,777 (971) (955) (867) (599) (635) (156) 279 273 219 296 407 422 408 266 239 278 328 307 306 280 231 182 124 84 69 111 61 102 168 120 179 183 213 198 230 108 114 104 85 71 55 79 62 66 25
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4
Operating Activities
Net Income (18) 717.5 187.3 114.2 (39.2) 130.6 62.9 149.6 25.5 835.2 17 (29.4) 48.6 31.1 74.3 112.8 (38.6) 33.3 (54.5) (3,563.2) (907.6) (69.1) (672) (1,107.4) (3,006.3) (216) (197.1) 405.5 (190.4) (203.6) (145) (151) (140.1) (207.1) (25.4) (45.5) (25.7) 39 85.3 590.6 175.3 74.3 67.7 39.3 17.5 21 26.5 27.8 31.1 22.9 (10.7) 30.5 23.3 16.2 29.9 69.3 61.2 42.7 25.3 14.3 3.1 1.1 (11) (9.8) 20 27.1 59 80.6 87.2 77.6 67.8 52.2 36.3 31.9 27.2 21.6 14.7 17.1 16.3 7.1 7.6 8.5 6.8 10.5 11.4 9.9
Depreciation & Amortization 42.7 40.6 37.1 35.5 33.1 33.9 31.7 29.7 26.8 27.5 25.8 24.5 23.3 21.8 22.6 19.1 22.5 25.1 24.4 54.1 117.5 114.2 124.6 144 165.5 164.1 162.2 155.1 110.5 112.9 114.3 113.1 98.4 114.1 89 89.9 90.2 (13.3) 104.4 106.2 108.3 39.1 38.1 36.6 32.1 35.6 22.5 32.6 32.6 31.8 27.4 29.9 27.8 26.9 22.4 28.6 29.1 26.2 25.2 23.8 23.5 24.5 25.2 24.9 23.6 22.6 20.9 20.2 19.8 27.8 27 25.8 24.2 23.9 23.6 17.9 16.4 15.8 14.7 14.4 13.5 13.6 12 13.5 12.7 9
Stock-Based Compensation 6.4 6.8 6.8 6 5.6 5.3 7 0 8 0 6.8 0 5.7 5.9 0 3.5 0 0 0 0 3.8 3.6 4.3 0 0 0 0 9.5 19.2 34.4 6.8 6.4 8.4 9.9 10.4 9.6 11.3 10.9 0 21.8 6.9 0 0 1 0 0.8 2 0 0 0.9 1 0 0 0 3 0 0 7 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
Change in Working Capital 80.3 (44.5) 35.7 (20.6) 35.3 (3.2) 37.8 (147.1) (21.3) 42.5 10.3 (37.9) 100.8 121.3 18.9 (134.8) 32.5 (15.9) 44.5 22.2 20.9 109.8 24.9 (24.6) (129.9) 114.6 (35.8) (152) 40.5 54.7 (74.7) (48.1) 61.8 68 15.6 (28.8) 10.6 91.7 7.3 135.2 (93.6) (13) 62 (51) (25) (61) 46 47 61 12 5 (176) 27 22 (24) (10) 59 23 9 42 (40) (35) (36) (65) (43) (16) (11) 14 14 135 69 (15) 20 11 (2) 14 5 (4) 24 (22) (49) 10 28 16 (51) 51
Other Non-Cash Items (45.9) 31.8 (68.0) (18.6) (48.7) (28.1) 49.8 (34.3) (14.7) (25.2) (6.9) 12.9 (31.3) (26.4) (30.7) (122.5) (15.3) (26.8) (7.2) 3,470.6 732.8 (11.7) 497.4 844.7 2,845.8 44.6 (63.4) (687.1) (4.2) 28.1 34.4 22.1 13.5 54.5 (0.7) 1.1 17.6 (44.7) (2.7) (284.6) 41.8 (32.7) (98.6) 73.1 30.4 68.7 (12.5) (36.6) (82.9) (7.8) 43.5 175.3 (51.3) (27.8) 102.5 17.6 (73.8) (65.1) (24.1) (56) 30.5 21.6 22 63.9 56.6 20.2 25.5 (2.3) 16.9 (151.8) (89.4) 8.4 (34) (31.2) 4.4 (14.9) (3.5) (6.3) (35.8) 22 49.6 0 (31.4) (8.3) 57.8 (51)
Operating Cash Flow 75 64.6 198.1 120 155.9 124.6 193 11.4 26.3 92.8 48.2 (27.2) 151.7 154.5 85.2 (114.6) 0.5 (6.0) 7.5 (34.5) (31.7) 144.7 (15.3) (171.3) (204.4) 135.1 (134.1) (269) (24.4) 26.5 (64.2) (57.5) 42 39.4 88.9 26.3 104 83.6 194.3 569.2 238.7 77.7 71.1 101.8 57.1 70.9 85 81.2 53.2 68 54.1 70.2 35.8 42.8 120.4 121.3 83.8 55.8 35.4 27.7 18.9 18.4 9.8 19.8 68.2 61.4 115.4 123.6 148.9 104.6 86.9 85.1 60 50.5 64.2 46.9 37 23.4 17.5 22.5 21.2 29.6 15.6 32.4 31.6 19.8
Investing Activities
Capital Expenditure (100.9) (103.2) (69.8) (67.2) (100.2) (111.7) (81.9) (109.6) (151.3) (457.1) (105.8) (72.9) (56.3) (53.9) (46.4) (61.1) (38.5) (25.4) (15.4) (10.9) (6) (10.9) (15.8) (29.8) (36.3) (60.1) (39.4) (105.8) (29) (48) (46.8) (62.6) (269.3) (62.6) (141.5) (50) (282.6) (66.7) (46.1) (51.3) (158.1) (178) (77) (146) (54) (125) (45) (41) (47) (53) (63) (68) (53) (42) (44) (42) (27.5) (73.2) (42.3) (54.1) (86.5) (45) (64) (59) (80.1) (77) (101.7) (71.1) (81) (141.7) (26.6) (82.3) (31.7) (69.7) (37) (30.4) (38.9) (40.0) (36.1) (39.1) (28) (14.5) (26.6) (36.1) (73.2) (12.4)
Acquisitions 5.2 (0.7) 111.4 0 0 0 0 0.1 0 0.5 0.2 29.4 0 6.2 (4.8) 140.5 1.3 22.6 1.0 26.8 0 0 0 3.2 10.4 54.4 0 931.9 (204) (1,030) 0 0 (390) (871.6) 0 0 (602) (2,212) 0 0 80 0 0 0 0 0 0 0 0 0 99 (99) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 (4.3) (205.2) 0 0 0 0 0 0 0 0 0 0 (5.7) 4.2 (149.2) (120) 669 (255) (414) (349) 1,040 94.8 (1,134.8) (965) 1,704 (842) (862) (80) 0 0 0 0 0 38 0 0 0 (5) (15) 14 0 (11) (30) 0 20 0 0 0 (20) 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 0 220 0 0 0 0 0 0 0 0 0 0 0 18.6 0 0 204 1,030 0 0 390 2,042.5 0 0 602 2,212 0 0 (80) 0 0 0 0 0 0 0 0 0.3 (99) 0 0 14 0 0 0 0 0 0 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 (2.7) 9.8 17.8 2.6 0.1 0 0 0 (0.1) 0 0.1 1.6 37.3 4.7 0 0 0 0 3.7 7.6 30.4 0 0 (4.7) 135.4 114.2 84.3 106 (171.9) 146.8 41.1 630 611.4 126.7 (362.8) (138.5) (291.9) (707.5) 885.1 1 123.6 (2.4) (4.4) (0.3) (38.7) 3.1 105 1.3 0.8 24.3 (11.7) 26.2 15.5 1.1 (13.1) (18.2) 1.7 0.8 15.4 8.5 0.3 0.2 0.6 66.5 0.5 0.7 0.7 0.3 1.6 0.5 0.3 5.9 23.1 (10.2) 7.1 11.2 0.5 1.3 (1.6) 11.5 (6) 9 1.6 7.5
Investing Cash Flow (95.7) (103.9) 38.9 (57.4) (82.4) (109.1) (81.8) (109.5) (151.3) (456.6) (105.7) (43.5) (56.2) 169.6 (219.1) 84.1 (37.2) (2.8) (14.4) 15.9 (2.3) (3.3) 14.6 (26.6) (25.9) 2.4 96 940.3 55.3 58 (218.7) 84.2 (228.2) (304.2) 469.9 76.7 (645.4) (205.2) (338) (758.8) 727 (177) 46.6 (148.4) (58.4) (125.3) (45.7) (37.9) 58 (51.4) (67.2) (157.7) (50.7) (1.8) (39.5) (70.9) (40.6) (71.4) (40.6) (53.3) (70.2) (56.5) (63.7) (58.8) (79.5) (10.5) (101.2) (70.4) (80.3) (141.4) (25.0) (81.8) (31.4) (63.8) (13.9) (40.6) (31.8) (28.8) (35.6) (37.8) (29.6) (3) (32.6) (27.1) (71.6) (4.9)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 (12.5) 403 98.7 0 0 0 0 0 (7.1) (392.9) 392.9 0 43.8 (13.8) 214.4 319.2 (389.5) (899.7) 0 0 0 0 0 0 0 0 0 0 774.1 (123.1) 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 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 (23.9) (77.0) 0 0 (25) (100) (1.4) 0 (47.9) (83) (65.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.2 (4.2) 0 0 0 (2) 0 0 0 0 0 0 0 585.5 0 40.9 2.3 19 0 4.8 4.7 1.8 3.3 2.6 2.2 1.3 13.4 2.6 (7.6) (73.7) (0.7) (0.1) 8 3.7 5.3 0.1 0.1 1.7 0.1 (3) (61.9) (7.7) 0 289.4 0 0 0 0 0 0 0 0 0 (0.2) (7) (2.1) (0.7) 0.2 0.2 0.2
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 (0.2) 0 0 (4.5) (4.5) (4.4) (4.5) (4.5) (4.4) (3.2) (3) (3.2) (3.1) (3) (3.1) (2.4) 0 0 (3.8) 0 (0.7) (3.7) 0 0 (0.7) (3.5) 0 0 (3) (2.7) 0 0 (2.6) 0 0 (0.4) (2.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (1.4) (0.5) (0.7) (0.1) (0.3) (3.8) (29.3) 1.2 (1.6) (3.2) (10.5) (0.4) 0 (0.1) (5.8) (0.2) 0 0.0 389.3 (1.4) 0 (40) (7.2) (1.0) (0.9) 213.5 104.2 (6.5) (2.8) (1) (6.9) (1.8) 211 (9.7) (7.3) (202.6) (343.5) 56.3 0.3 (100.7) (0.5) 34.7 (50.9) 14.5 (12.5) (1.1) (9.6) 21.6 (9.1) (3.9) 0.1 (49.8) 2.9 2 (14.6) (77.2) (10.8) 21.6 0 48.6 (10.1) (9.1) (4.5) (3.2) (23.9) (14.4) (71.9) (20.4) (12.3) 177.2 (11.9) (19.0) (21.8) 4.5 (37.5) (4.7) (7.2) (7.8) 11.2 (7.3) (19.6) (7.8) 37 14.9 0.7 27.7
Financing Cash Flow (1.4) (24.4) (77.7) (0.1) (0.3) (27.2) (129.3) (0.2) (1.6) (63.6) 309.5 32.9 0 (0.1) (5.8) (0.2) 0 (7.0) (3.5) 391.5 0 3.8 (21) 213.4 318.3 (176.1) (791.2) (10.6) (7.3) (5.5) (6.6) (6.2) 206.5 (14.1) (4.1) (205.6) (346.7) 816.7 (181) (103.8) (2.9) 34.7 (50.9) 10.7 (12.5) (1.8) (13.3) 21.6 (9.1) (4.6) (3.4) (54.8) 2.9 (1) (17.3) (77.2) (10.8) 19 2.8 48.6 (10.5) (11.8) (4.5) (3.2) (23.9) (14.4) (71.9) (20.4) (12.3) 177.2 (11.9) (19.0) (21.8) 4.5 (37.5) (4.7) (7.2) (7.8) 11.2 (7.3) (19.6) (7.8) 37 14.9 0.7 27.7
Cash Position
Net Change in Cash (22.1) (69.1) 159.3 62.5 73.2 (11.7) (18.1) (98.8) (126.6) (421.6) 252 (38.7) 95.5 324.3 (153.1) (30.9) (36.4) (10.1) (7.2) 370.2 (34.1) 145.4 (21.6) 17.1 87.7 (32.3) (829.6) 660.7 23.3 79.1 (289.5) 20.1 20 (279) 554.8 (102.1) (888) 694.3 (324.9) (293.7) 962.7 (64.7) 66.2 (36.3) (14.1) (56.7) 27.1 64.7 103.3 11.8 (15.9) (143.8) (12) 40 63.4 (26.8) 32.4 3.4 (2.4) 23 (61.8) (49.9) (58.4) (42.2) (35.2) 36.5 (57.7) 32.8 56.3 140.5 50 (15.8) 6.8 (8.9) 12.8 1.6 (1.9) (13.4) (6.8) (22.6) (28) 18.9 20 20.2 (39.3) 42.7
Cash at Beginning 617.5 675.5 516.2 453.7 380.5 392.2 410.3 509.1 635.7 1,057.3 805.3 844 748.5 424.2 577.3 608.2 644.6 654.7 661.9 291.7 325.8 180.4 202 184.9 97.2 129.5 959.1 298.4 275.1 196 485.5 465.4 445.4 724.4 169.6 271.7 1,159.7 465.4 790.3 1,084 121.3 297 231 267 297 354 327 262 159 147 163 307 319 279 215 242 210 103 106 83 144 194 253 295 330 294 351 319 262 122 72 88 81 90 77 75 77 90 98 120 148 129 109 89 128 82
Cash at End 595.4 606.4 675.5 516.2 453.7 380.5 392.2 410.3 509.1 635.7 1,057.3 805.3 844 748.5 424.2 577.3 608.2 644.6 654.7 661.9 291.7 325.8 180.4 202 184.9 97.2 129.5 959.1 298.4 275.1 196 485.5 465.4 445.4 724.4 169.6 271.7 1,159.7 465.4 790.3 1,084 232.3 297.2 230.7 282.9 297.3 354.1 326.7 262.3 158.8 147.1 163.2 307 319 278.4 215.2 242.4 106.4 103.6 106 82.2 144.1 194.6 252.8 294.8 330.5 293.3 351.8 318.3 262.5 122 72.2 87.8 81.1 89.8 76.6 75.1 76.6 91.2 97.4 120 147.9 129 109.2 88.7 124.7
Free Cash Flow (25.9) (38.5) 128.3 52.8 55.7 12.9 111.1 (98.2) (125) (364.2) (57.6) (100.2) 95.4 100.6 38.8 (175.7) (38) (31.4) (7.9) (45.4) (37.7) 133.8 (31.1) (201.1) (240.7) 75.1 (173.5) (374.8) (53.4) (21.5) (111) (120.1) (227.3) (23.2) (52.6) (23.7) (178.6) 16.9 148.2 517.9 80.6 (100.3) (5.9) (44.2) 3.1 (54.1) 40 40.2 6.2 15 (8.9) 2.2 (17.2) 0.8 76.4 79.3 56.3 (17.4) (6.9) (26.4) (67.6) (26.6) (54.2) (39.2) (11.9) (15.6) 13.7 52.5 67.9 (37.1) 60.3 2.8 28.3 (19.2) 27.2 16.5 (1.9) (16.6) (18.6) (16.6) (6.8) 15.1 (11.0) (3.7) (41.6) 7.4
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 465.4 537.4 595.7 615.2 620.7 584.4 643.1 610.1 525 483.8 455.1 415.2 430.1 433.6 437.2 413.3 318.4 305.5 326.7 293.1 307.1 296.5 285.3 388.8 456.6 512.1 551.3 583.9 405.9 399 430.9 458.5 417 454.2 460.2 457.5 471.1 504.6 548.2 909.6 814 828.3 1,012.2 1,059 1,163.9 1,159.8 1,201.4 1,136.6 1,066.7 990.6 1,162.2 1,130.3 1,040.3 1,085.5 1,123.5 1,071.1 1,020.6 956.4 915.6 564.2 361.5 408.5 428.3 411.4 448.6 497.8 408.9 498 484.2 604.8 619.5 609.4 559.9 517.7 536.4 520.4 514.1 470.6 486.1 475.2 381.6 311.3 271.6 243 208.4 204.6 187 170.9 178.1 196.7 194.3 194.2 146.1 179.1 215.5 195.3 171.2 149.8 116.6 96.2
Gross Profit 49.3 83.4 190.1 219.5 205.7 169.1 181 171.4 80.2 81.8 64.2 41.7 52.9 80.2 100.5 51.5 (12.9) 24.6 52.1 34.3 53.5 (20) (21.9) 18.1 (19.4) 35.5 54.8 83.6 73.3 76.2 103.8 114.2 91.8 119.9 174.4 166.2 193 215.6 250.1 559.4 450.3 413.1 578.7 556.4 645.6 645.8 701.2 594.1 546.5 584.8 627.9 603.1 560.5 561 616.2 577.1 518.4 462.7 438.1 277.9 169.9 222.9 234.2 205.4 266.2 322 233.5 294.8 329.6 419.6 434.3 406.4 381.3 347.1 360.9 358.1 351.3 318.7 335.6 328.8 253.7 187.8 156.8 134.3 101 102.8 87.6 68.8 75.3 82.8 85.3 91.7 72 90.4 125.8 105.7 93.1 68.8 48.9 32.4
Operating Income 24 56.4 126.1 164.1 143 119.2 94.9 108.9 29.3 38.3 16.6 (9.9) 8.5 41.1 61.6 (15.6) (49.9) (897.4) 3.1 (32.9) (847.5) (169.1) (94.4) (1,019.2) (3,051.8) (193.1) (236.2) (157.4) (81.3) (110.1) (41.9) (32.6) (51.3) (253.4) 35.8 27.8 57.8 80.7 115.4 419.6 313.6 (2,510.8) 402.7 386.2 478.4 (3,037.1) 536.7 (277.8) 377.3 445.9 457.9 434.7 394.8 382.1 433.6 405.3 344.2 292.3 261.5 147 80.3 142.9 158 131.3 193.8 248 171 233.6 273.8 360.4 372.1 345.9 322.9 290 303.2 294.3 290.2 261.7 280 274.2 201.3 139 109.9 88.7 56.9 61.5 48.7 27.3 36 43.5 47.9 (5.4) 39.6 47.7 92.5 73.1 63.2 40.3 21.9 5.8
Net Income (16.4) 717.5 188.1 115.1 (37.9) 133.7 64.6 149.6 25.5 835.2 12.9 (29.4) 46.7 29.2 74.3 111.6 (38.6) 33.3 (54.5) (3,563.2) (910) (70.9) (670.9) (1,107.4) (3,006.3) (216) (197.1) 405.5 (190.4) (203.6) (145) (151) (140.1) (207.1) (25.4) (45.5) (25.7) 39 85.3 590.6 175.3 (2,471.8) 292 260.3 324.7 (3,451.8) 429.4 (1,172.7) 292.7 372.1 384.3 340.8 308.1 239.1 355.7 341.3 265.4 229.4 204.5 101.9 64.6 132.9 130.5 126.3 189.8 208.7 149.7 200.3 220.7 299.8 282.3 296.7 272 238.6 266.7 254.4 232.3 210.4 214.8 194.7 149.8 103.6 74.3 67.7 39.3 38.5 25.8 17.5 21 26.5 31.1 (10.7) 23.3 29.9 61.2 46.9 42.7 25.3 14.3 3.1
EPS (Diluted) -0.24 10.26 2.65 1.61 -0.53 1.88 0.88 2.03 0.35 11.30 0.17 -0.39 0.61 0.38 0.98 1.48 -0.53 0.37 -0.73 -47.51 -12.13 -0.95 -8.95 -14.77 -32.64 -2.34 -2.14 4.33 -1.69 -1.88 -1.34 -1.32 -1.29 -1.96 -0.34 -0.61 -0.34 0.37 1.13 8.15 2.99 -40.72 5.35 4.60 5.54 -52.88 7.16 -6.11 5.06 6.43 6.65 5.90 5.34 4.15 6.19 5.95 4.63 3.98 3.58 2.39 1.82 3.76 3.70 3.59 5.39 5.93 4.25 5.66 6.31 8.57 7.97 8.29 7.60 6.63 7.27 6.73 6.16 5.54 5.61 5.07 3.90 2.70 1.96 1.80 1.04 1.02 0.68 0.46 0.56 0.70 0.83 -0.29 0.68 0.89 1.75 1.34 1.22 0.72 0.41 0.09
Balance Sheet
Cash & Equivalents 584.4 606.4 662.7 503.4 441.4 368.2 379.3 398.3 494.1 620.5 1,057.3 805.3 822.5 748.5 406 553.5 578.2 608.7 620.8 608.8 291.7 325.8 180.4 202 184.9 97.2 129.5 959.1 298.4 275.1 196 485.5 465.4 445.4 724.4 169.6 271.7 1,159.7 465.4 790.3 1,084 1,237 1,229 1,141 882 927 623 283 297 354 262 159 147 163 215 242 210 107 103 106 83 144 194 253 295 330 294 351 319 262 122 72 88 81 90 77 75 77 90 98 120 148 129 109 89 128
Total Assets 5,363.7 5,304.8 4,638 4,503.3 4,386.8 4,419.8 4,333.4 4,415.6 4,354.4 4,322.2 3,484.9 3,088.4 2,951.2 2,860.3 2,821.2 2,760.8 2,637.7 2,603.1 2,602.5 2,601.7 11,946.9 12,873.2 12,911.2 13,038.9 14,025.1 16,931.2 17,230.6 18,440.1 13,863 14,023.7 14,218.6 14,340.6 14,533.7 14,625.9 13,682.9 13,723.9 13,972.3 14,374.5 13,602.3 13,765 13,610 6,921 6,783 6,747 6,349 6,085 4,764 3,219 3,211 3,183 3,110 3,103 3,062 3,085 2,292 2,252 2,191 2,108 2,044 1,989 1,924 1,984 1,972 1,983 1,983 1,993 1,990 1,989 1,908 1,772 1,487 1,414 1,340 1,315 1,250 1,242 825 821 807 782 779 773 779 736 709 691
Total Debt 1,154.6 1,196.2 1,163.7 1,169.8 1,162.7 1,167.6 1,171.8 1,152.8 1,159.4 1,155.4 1,096.4 693.2 551.6 551.8 551.5 554.2 555.2 555.3 556.7 559.9 39.9 37.3 56.2 6,671.2 6,440.2 6,121.2 6,221.3 7,194 5,059.6 5,010.4 5,002.6 4,994.9 4,987.3 4,750.7 4,747.7 4,744.7 4,943.5 5,274.5 4,702.6 4,905.6 5,861 266 274 274 283 292 467 562 570 573 558 566 569 571 481 481 488 435 410 412 363 375 376 377 379 399 405 412 421 430 242 251 271 294 288 307 183 191 194 183 191 203 208 171 155 153
Stockholders' Equity 3,161.2 3,169.6 2,447.8 2,329.7 2,207 2,238.5 2,114.9 2,176.8 2,020.9 1,987.6 1,183.9 1,254.1 1,342.1 1,289.9 1,214.4 1,140.4 1,022.6 1,074.7 1,036.6 1,089.5 3,463.1 4,374.6 4,518.7 5,190.4 6,298.3 9,310.9 9,531.4 9,720.6 7,900.5 8,091.4 8,292.4 8,436.2 8,593.6 8,732.1 8,165.2 8,184.6 8,221.2 8,250.6 7,972.7 7,879.9 6,700.7 5,768 5,691 5,499 5,122 4,896 3,610 2,119 2,105 2,081 2,022 1,990 1,967 1,978 1,421 1,428 1,370 1,329 1,302 1,267 1,247 1,235 1,237 1,251 1,262 1,245 1,226 1,231 1,161 1,077 1,000 935 882 846 815 787 547 531 514 496 489 488 482 476 466 455
Cash Flow
Operating Cash Flow 75 64.6 198.1 120 155.9 124.6 193 11.4 26.3 92.8 48.2 (27.2) 151.7 154.5 85.2 (114.6) 0.5 (6.0) 7.5 (34.5) (31.7) 144.7 (15.3) (171.3) (204.4) 135.1 (134.1) (269) (24.4) 26.5 (64.2) (57.5) 42 39.4 88.9 26.3 104 83.6 194.3 569.2 238.7 77.7 71.1 101.8 57.1 70.9 85 81.2 53.2 68 54.1 70.2 35.8 42.8 120.4 121.3 83.8 55.8 35.4 27.7 18.9 18.4 9.8 19.8 68.2 61.4 115.4 123.6 148.9 104.6 86.9 85.1 60 50.5 64.2 46.9 37 23.4 17.5 22.5 21.2 29.6 15.6 32.4 31.6 19.8
Capital Expenditure (100.9) (103.2) (69.8) (67.2) (100.2) (111.7) (81.9) (109.6) (151.3) (457.1) (105.8) (72.9) (56.3) (53.9) (46.4) (61.1) (38.5) (25.4) (15.4) (10.9) (6) (10.9) (15.8) (29.8) (36.3) (60.1) (39.4) (105.8) (29) (48) (46.8) (62.6) (269.3) (62.6) (141.5) (50) (282.6) (66.7) (46.1) (51.3) (158.1) (178) (77) (146) (54) (125) (45) (41) (47) (53) (63) (68) (53) (42) (44) (42) (27.5) (73.2) (42.3) (54.1) (86.5) (45) (64) (59) (80.1) (77) (101.7) (71.1) (81) (141.7) (26.6) (82.3) (31.7) (69.7) (37) (30.4) (38.9) (40.0) (36.1) (39.1) (28) (14.5) (26.6) (36.1) (73.2) (12.4)
Free Cash Flow (25.9) (38.5) 128.3 52.8 55.7 12.9 111.1 (98.2) (125) (364.2) (57.6) (100.2) 95.4 100.6 38.8 (175.7) (38) (31.4) (7.9) (45.4) (37.7) 133.8 (31.1) (201.1) (240.7) 75.1 (173.5) (374.8) (53.4) (21.5) (111) (120.1) (227.3) (23.2) (52.6) (23.7) (178.6) 16.9 148.2 517.9 80.6 (100.3) (5.9) (44.2) 3.1 (54.1) 40 40.2 6.2 15 (8.9) 2.2 (17.2) 0.8 76.4 79.3 56.3 (17.4) (6.9) (26.4) (67.6) (26.6) (54.2) (39.2) (11.9) (15.6) 13.7 52.5 67.9 (37.1) 60.3 2.8 28.3 (19.2) 27.2 16.5 (1.9) (16.6) (18.6) (16.6) (6.8) 15.1 (11.0) (3.7) (41.6) 7.4