Valero Energy Corporation logo VLO - Valero Energy Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 21
HOLD 14
SELL 1
STRONG
SELL 0
| PRICE TARGET: $214.67 DETAILS
HIGH: $263.00
LOW: $178.00
MEDIAN: $209.00
CONSENSUS: $214.67
DOWNSIDE: 13.07%
Annual Quarterly
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 32,381 31,730 32,168 29,889 30,258 30,756 32,876 34,490 31,759 35,414 38,404 34,509 36,439 41,746 44,454 51,641 38,542 35,903 29,520 27,748 20,806 16,604 15,809 10,397 22,102 27,879 27,249 28,933 24,263 28,730 30,849 31,015 26,439 26,392 23,562 22,254 21,772 20,712 19,649 19,584 15,714 18,777 22,579 25,118 21,330 27,859 34,408 34,914 33,663 34,429 36,137 34,034 33,474 34,695 34,726 34,662 35,167 34,673 33,713 31,293 26,308 18,605 22,210 21,775 19,643 16,906 19,489 17,925 13,824 18,569 35,960 36,640 27,945 29,277 23,492 23,999 19,502 19,791.8 24,318.8 26,780.8 20,940.8 25,893.8 23,282.8 18,031.8 14,952.8 15,389.5 14,339.3 13,807.6 11,081.5 9,509.4 8,843.8 8,109.7 6,552.4 2,861.2 4,499.1 3,769.3 4,121.1 4,248.8 3,372.5 2,928.6
Cost of Revenue 29,501 28,468 30,408 28,668 29,762 30,138 32,132 33,063 29,788 33,551 34,645 31,539 32,142 37,082 40,442 45,174 36,934 34,005 28,613 27,051 21,226 16,845 16,219 8,436 24,200 25,890 26,141 27,824 23,744 27,197 29,411 29,493 25,390 25,284 21,951 21,205 21,045 19,884 18,565 18,138 13,699 17,925 20,261 22,862 19,688 25,849 32,558 33,659 32,153 32,688 35,435 32,993 32,237 32,864 32,898 33,130 34,636 34,377 31,183 29,466 25,569 18,268 20,936 20,167 19,048 16,217 19,027 17,558 12,625 16,710 33,685 34,806 26,783 27,076 21,846 20,295 17,283 17,662 21,348 23,249 19,008 23,272 21,410 16,254 13,663 14,124.5 13,212.2 12,345.5 10,255.3 8,877.2 8,206.6 7,510 6,108.4 2,675.3 3,947.5 3,464.1 3,853.0 3,934.2 3,151.7 2,819.3
Gross Profit 2,880 3,262 1,772 1,221 496 618 744 1,427 1,971 1,863 3,759 2,970 4,297 4,664 4,012 6,467 1,608 1,898 907 697 (420) (241) (410) 1,961 (2,098) 1,989 1,108 1,109 519 1,533 1,438 1,522 1,049 1,108 1,611 1,049 727 828 1,084 1,446 2,015 852 2,318 2,256 1,642 2,010 1,850 1,255 1,510 1,741 702 1,041 1,237 1,831 1,828 1,532 531 296 2,530 1,827 739 337 1,274 1,608 595 689 462 367 1,199 1,859 2,275 1,834 1,162 2,201 1,646 3,704 2,219 2,129.8 2,970.8 3,531.8 1,932.8 2,621.8 1,872.8 1,777.8 1,289.8 1,265 1,127.1 1,462.1 826.2 632.2 637.2 599.7 444 185.9 551.6 305.2 268.1 314.7 220.8 109.3
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 285 315 246 220 261 266 234 203 258 295 250 209 244 340 214 233 205 286 195 176 208 224 186 169 177 243 217 199 209 230 209 248 238 238 229 178 190 208 192 159 156 206 179 178 147 214 180 170 160 179 170 233 176 189 174 171 164 129 161 151 130 (388) 331 318 270 317 349 295 314 327 370 307 323 353 342 377 316 342 344 375 340 365 330 276 258 302.1 263.9 269.2 248.3 251.6 243.1 245 231.2 37.4 53.8 36.4 43.9 42.9 23.1 19.7
Other Expenses 864 1,372 16 4 1,135 4 3 3 34 15 6 2 10 29 6 15 19 18 19 12 38 5 25 3 2 36 34 12 0 42 42 (5) 51 26 17 0 0 0 0 0 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 390 386 365 309 372 367 357 272 389 389 378 4,439 65 369 367 964 136 134 138 307.8 293.8 292.8 259.8 259.8 231.8 196.8 185.8 154 163.7 159.3 140.7 148.5 119.7 114.4 112.7 36.9 33.5 31.8 53.3 47.8 39.3 32.6
Operating Expenses 1,149 1,687 262 224 1,396 270 237 206 292 310 256 211 254 369 220 248 224 304 214 188 246 229 211 172 179 250 227 201 211 234 219 269 248 255 273 178 190 208 192 159 1,186 206 179 178 147 214 180 170 160 179 170 233 176 189 174 171 164 129 551 537 495 (79) 703 685 627 589 738 684 692 4,766 435 676 690 1,317 478 511 454 649.8 637.8 667.8 599.8 624.8 561.8 472.8 443.8 456.1 427.6 428.5 389 400.1 362.8 359.4 343.9 74.3 87.3 68.2 97.2 90.7 62.4 52.3
Operating Income
Operating Income 1,731 1,575 1,509 997 (900) 348 507 1,221 1,679 1,553 3,503 2,759 4,043 4,295 3,792 6,219 1,384 1,594 693 509 (666) (470) (621) 1,789 (2,277) 1,739 881 908 308 1,299 1,219 1,253 801 853 1,338 871 537 620 892 1,231 829 646 2,139 2,078 1,495 1,796 1,670 1,085 1,350 1,562 532 808 1,061 1,584 1,309 1,361 (244) 167 1,979 1,290 244 416 571 921 (32) 445 (693) (317) 507 (2,907) 1,840 1,158 472 884 1,168 3,193 1,765 1,480 2,333 2,864 1,333 1,997 1,311 1,305 846 808.9 699.5 1,033.6 437.2 232.1 274.4 240.3 100.1 111.7 464.3 237.1 170.9 223.9 158.4 57.1
Interest Expense 140 139 139 141 137 135 141 140 140 149 149 148 146 137 138 142 145 152 152 150 149 153 143 142 125 119 111 112 112 114 111 124 121 114 114 119 121 112 115 111 108 107 112 113 101 101 98 98 100 102 102 78 83 70 70 74 99 89 88 107 117 122 119 116 127 117 130 82 79 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 96 74 62 0 0 36 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 2,439 2,341 2,431 1,897 (89) 1,156 1,315 2,039 2,518 2,265 4,211 3,454 4,727 5,020 4,428 6,854 1,970 2,029 1,395 1,199 (43) 132 41 2,394 (1,663) 1,766 903 931 341 1,872 1,744 1,793 1,307 1,344 1,838 1,349 1,038 1,088 1,362 1,758 1,314 1,151 2,624 2,503 1,936 2,221 2,100 1,499 1,772 1,999 980 1,221 1,505 1,996 1,709 1,742 146 575 2,370 1,686 626 869 943 1,272 325 849 159 174 970 (2,537) 2,210 1,527 839 1,232 1,512 3,534 2,099 1,788 2,555 3,031 1,593 2,257 1,500 1,502 1,032 963.6 863 1,193 578 380.6 394.1 354.7 212.8 182.1 521.5 292.3 224.2 271.8 197.7 89.7
EBIT 1,599 1,663 1,595 1,083 (780) 458 630 1,343 1,823 1,575 3,529 2,785 4,067 4,387 3,796 6,252 1,364 1,431 754 611 (621) (445) (573) 1,816 (2,245) 1,752 892 917 327 1,341 1,227 1,270 809 854 1,341 850 538 620 892 1,245 838 646 2,142 2,086 1,519 1,805 1,681 1,097 1,366 1,904 549 816 1,075 1,594 1,307 1,356 (238) 182 1,980 1,300 261 492 607 905 15 478 (230) (215) 592 (2,907) 1,840 1,158 472 884 1,168 3,193 1,765 1,480 2,261 2,738 1,333 1,997 1,311 1,305 846 808.9 699 1,034 437 232.1 274.4 240.3 100.1 111.7 464.2 237.1 170.9 223.9 158.4 57.1
Income Before Tax 1,723 1,524 1,456 942 (917) 323 489 1,203 1,683 1,549 3,476 2,717 4,026 4,250 3,728 6,110 1,219 1,279 573 461 (770) (598) (716) 1,674 (2,370) 1,656 804 808 218 1,227 1,150 1,124 731 765 1,241 768 433 529 789 1,134 730 550 2,030 1,973 1,418 1,704 1,583 999 1,265 1,802 447 741 992 1,524 1,237 1,282 (337) 93 1,892 1,193 144 370 470 806 (148) 361 (814) (423) 427 (2,944) 1,795 1,090 395 799 1,190 3,117 1,711 1,641 2,439 2,823 1,286 1,988 1,268 1,241 790 702 652.9 970.1 385.1 202.8 207 145.5 18.4 79.7 439.7 214.7 146.7 198.5 136.1 46.9
Income Tax Expense 401 355 390 279 (265) (34) 96 277 353 331 813 595 880 1,018 816 1,342 252 169 65 169 (148) (289) (337) 339 (616) 326 165 160 51 205 276 249 149 (1,635) 378 196 112 113 144 291 217 155 657 608 450 484 521 343 429 515 123 276 340 515 564 452 95 48 689 449 40 168 178 276 (47) 139 (185) (169) 118 334 643 356 134 232 342 1,055 567 527 836 926 437 641 406 394 256 213.5 218.4 337.4 137 71.2 78.6 56.5 7.1 28.1 164.8 78.6 53.4 71.1 48.4 16.2
Net Income 1,263 1,134 1,095 714 (595) 281 364 880 1,245 1,202 2,622 1,944 3,067 3,113 2,817 4,693 905 1,009 463 162 (704) (359) (464) 1,253 (1,851) 1,060 609 612 141 952 856 845 469 2,371 841 548 305 367 613 814 495 298 1,377 1,351 964 1,155 1,059 588 828 1,288 312 466 654 1,010 674 831 (432) 45 1,203 744 98 (438) 292 583 (113) (1,408) (629) (254) 309 (3,278) 1,152 734 261 1,173 1,067 2,046 948 1,113.8 1,602.8 1,896.8 848.8 1,346.8 861.8 846.8 533.8 487.8 434.5 632.7 248.1 131.6 128.4 89 11.3 51.6 274.9 136.1 93.3 127.4 87.7 30.7
Per Share Data
EPS (Basic) 4.22 3.74 3.54 2.28 -1.90 0.89 1.14 2.71 3.75 3.56 7.49 5.41 8.28 8.16 7.22 11.62 2.22 2.47 1.13 0.39 -1.73 -0.88 -1.14 3.07 -4.54 2.58 1.48 1.47 0.34 2.26 2.01 1.96 1.09 5.43 1.91 1.23 0.68 0.81 1.33 1.74 1.05 0.62 2.79 2.67 1.87 2.22 2.01 1.11 1.55 2.39 0.58 0.86 1.18 1.83 1.22 1.50 -0.78 0.08 2.12 1.31 0.17 -0.77 0.52 1.03 -0.20 -2.51 -1.12 -0.48 0.60 -6.38 2.21 1.40 0.49 2.20 2.31 3.99 1.91 1.86 2.63 3.10 1.37 2.18 1.56 1.64 1.03 0.95 0.85 1.23 0.49 0.26 0.28 0.21 0.03 0.12 1.13 0.56 0.38 0.52 0.39 0.14
EPS (Diluted) 4.22 3.74 3.53 2.28 -1.90 0.89 1.14 2.71 3.75 3.55 7.49 5.41 8.28 8.14 7.22 11.62 2.22 2.46 1.13 0.39 -1.73 -0.88 -1.14 3.07 -4.54 2.58 1.48 1.47 0.34 2.24 2.01 1.96 1.09 5.42 1.91 1.23 0.68 0.81 1.33 1.73 1.05 0.62 2.79 2.66 1.87 2.22 2.00 1.10 1.54 2.38 0.57 0.85 1.18 1.82 1.21 1.50 -0.78 0.08 2.11 1.30 0.17 -0.76 0.51 1.03 -0.20 -2.51 -1.12 -0.48 0.59 -6.32 2.18 1.37 0.48 2.17 2.09 3.89 1.86 1.81 2.55 2.98 1.32 2.09 1.47 1.53 0.96 0.88 0.79 1.14 0.46 0.24 0.27 0.20 0.03 0.12 1.06 0.53 0.37 0.50 0.38 0.14
Shares Outstanding 298 303 309 312 314 315 318 324 331 337 349 358 369 380 390 404 408 407 407 407 407 407 407 406 407.6 409 412 415 416 421 425 429 431 435 439 444 448 451 458 467 469 479 491 505 513 517 526 529 531 536 540 543 550 551 549 550 551 555 564 567 566 566 564 563 562 562 561 525 514 514 522 526 532 532 551 563 599 599 609 611 619 619 551 514 512 512 512 514 504 503.2 457.2 430.8 423.2 420 244.4 244.3 244.3 244.7 224.7 223.5
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 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 5,733 4,688 4,764 4,537 4,634 4,657 5,184 5,246 4,917 5,424 5,831 5,075 5,521 4,862 3,969 5,392 2,638 4,122 3,498 3,572 2,254 3,313 4,047 2,319 1,515 2,583 2,137 2,033 2,777 2,982 3,551 4,451 4,658 5,850 5,176 5,207 4,463 4,816 5,949 4,925 3,778 2,001 1,887 825 1,623 1,715 3,109 330.2 239 369.2 697.5 740.9 378.9 319.6 91.2 42.5 125.7 14.6 13.0 10.4 8.5 60.1 7.8 5.8 13.3 11.2 8.2 6.6 9.8 9.9 21.9 3.2 16.1 19.8 14.1 19.2 16.9 28.1 23.3 21.3 15 26.2 9.7 48 126.3 7.3 39.8 7.8 8.1
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 13,410 9,877 10,333 11,073 11,238 10,708 11,073 13,145 12,150 12,525 12,566 10,888 9,688 11,919 11,581 14,439 13,080 10,378 8,627 9,132 9,014 6,109 5,601 4,152 5,392 8,904 7,994 9,050 8,289 7,345 8,249 7,535 6,814 6,922 5,959 4,573 5,104 5,901 4,722 4,928 4,692 4,201 4,005 4,666 4,244 3,242 6,463 1,941.1 1,679.4 1,327.7 1,069.3 1,696.2 1,558.2 1,034.2 780.0 676.9 586.6 585.9 651.6 651.9 403.6 372.5 352.2 302.4 296.9 283.5 272.6 324 271.8 366.3 352.4 378.9 344.9 162.5 296.6 329.5 308.3 339.2 227.1 197.9 201.9 232.3 202 0 77.1 64.5 82.6 99 112
Inventory 7,556 7,591 7,394 7,538 7,119 7,761 7,048 8,028 7,912 7,583 7,513 6,961 7,455 6,752 6,628 7,147 7,174 6,265 6,227 6,103 5,881 6,038 5,357 5,420 3,675 7,013 6,376 6,281 6,554 6,532 7,501 6,420 6,555 6,384 6,137 5,674 6,025 5,709 5,979 6,137 6,056 4,767 4,724 4,863 4,561 4,669 4,616 2,642.3 2,444.3 1,913.1 1,692.2 1,605.3 1,436.1 1,466.6 704.2 773.4 581.4 539.9 496.0 492.3 436.2 303.4 418.7 329.6 299.5 316.4 430.9 312.1 334.3 369.4 347.3 494.5 200.7 212.1 203.4 165.4 164.4 140.8 169.2 145.8 120.7 182.1 170.9 0 101.2 113.4 157.9 146.9 121.1
Other Current Assets 0 1,054 1,013 656 599 611 671 696 695 689 667 771 671 600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 209 523 469 273 217 228 186.7 246.4 162.4 28.9 91.2 125.6 111.5 68.1 66.8 92.1 144.7 88.4 111.6 112.1 92.8 83.5 100.3 83.4 28.6 38.1 61 71.3 43.4 25.3 29 46.1 9.6 72.9 48.7 32.6 113.4 66.9 95.2 82.7 92.3 52.6 434 41.9 50.3 55.2 53.8 37.8
Total Current Assets 27,825 23,210 23,504 23,804 23,590 23,737 23,976 27,115 25,674 26,221 26,577 23,695 23,335 24,133 22,696 27,409 23,313 21,165 18,790 19,372 17,591 15,844 15,422 12,762 11,465 18,969 17,033 17,811 18,480 17,675 19,891 18,948 18,260 19,312 17,442 15,731 15,908 16,800 16,878 16,180 14,861 11,348 11,320 10,923 11,173 10,468 14,654 5,128.8 4,667.8 3,817.3 3,564.2 4,190.9 3,536.4 3,008.9 1,669.9 1,604.0 1,427.3 1,285.1 1,248.9 1,266.2 960.3 828.9 862.2 738.1 693.1 639.7 749.8 703.7 687.2 789 746.9 905.6 607.8 888.2 587 562.8 522.2 621.5 486.5 460.2 420.3 532.9 435.2 482 346.5 235.5 335.5 307.5 279
Non-Current Assets
Property, Plant & Equipment 27,113 28,689 27,741 28,236 28,549 30,412 29,681 29,769 30,072 31,345 30,253 30,570 30,780 32,092 30,508 30,754 30,876 32,131 30,440 30,461 30,379 31,593 30,729 30,653 30,526 30,593 28,890 28,784 28,408 28,848 28,428 28,180 27,731 27,480 27,274 27,054 26,991 26,472 26,518 26,589 26,745 23,363 23,335 23,012 24,284 23,532 21,224 9,663.4 9,356.8 8,195.1 7,288.4 6,968.8 7,412 7,404 3,251.1 3,173.4 2,713.5 2,676.7 2,644.2 2,619.5 1,985.2 1,984.5 1,983.8 1,972.9 1,974.8 1,959.3 1,928.4 1,630.2 1,606.8 1,592.5 1,558.3 1,568.8 2,092.3 2,093.9 2,081.8 2,084.1 2,078.4 2,075.4 2,094.8 2,118 2,128.1 2,141.2 2,068.2 2,082.5 1,294.4 1,293.6 1,258.3 1,277.6 1,262.3
Goodwill 0 260 0 0 0 260 0 0 0 260 0 0 0 260 0 0 0 260 0 0 0 260 0 0 0 260 0 0 0 260 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,061 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 123 0 0 0 151 0 0 0 183 0 0 0 202 0 0 0 218 0 0 0 248 0 0 0 283 0 0 0 307 0 0 0 142 0 0 0 148 0 0 0 223 226 227 221 213 298 2,737.4 2,712 2,721.9 2,797.3 2,798 2,921.1 2,972.7 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
Long-Term Investments 0 684 0 0 0 695 0 0 0 713 0 0 0 724 0 0 0 734 0 0 0 972 0 0 0 942 0 0 303 542 0 0 0 530 0 0 0 201 0 0 0 (171) (175) 0 (132) (78) (197) (161.9) (211.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 7,204 5,022 7,370 7,393 7,038 4,888 6,725 6,731 6,828 4,334 6,345 6,402 6,062 3,571 6,125 6,182 6,213 3,380 5,461 5,623 5,644 2,857 5,581 5,684 5,756 2,817 5,306 5,427 5,207 2,523 3,575 3,550 3,385 2,694 3,272 3,189 3,148 2,552 2,869 2,683 2,653 1,543 1,584 2,808 1,543 1,563 1,624 1,027.7 1,042.6 929.9 818 683.8 595.7 572.1 407.7 436.8 418.8 346.0 318.0 327.3 175.7 165.9 153.1 159 146.5 126.7 125.6 135.8 137.2 111.5 113.5 466 164.5 405 188.9 161.3 169.7 179.8 179.5 174.3 181.8 157.3 144.6 147.6 227.3 235.3 225.5 236.8 236.3
Total Non-Current Assets 34,317 34,778 35,111 35,629 35,587 36,406 36,406 36,500 36,900 36,835 36,598 36,972 36,842 36,849 36,633 36,936 37,089 36,723 35,901 36,084 36,023 35,930 36,310 36,337 36,282 34,895 34,196 34,211 33,615 32,480 32,003 31,730 31,116 30,846 30,546 30,243 30,139 29,373 29,387 29,272 29,398 25,129 25,145 24,706 26,048 25,308 27,207 13,428.5 13,111.4 11,846.9 10,903.7 10,450.6 10,928.8 10,948.8 3,658.8 3,610.2 3,132.4 3,022.6 2,962.2 2,946.8 2,160.8 2,150.4 2,136.9 2,131.9 2,121.3 2,086 2,054 1,766 1,744 1,704 1,671.8 2,034.8 2,256.8 2,261.4 2,270.7 2,245.4 2,248.1 2,255.2 2,274.3 2,292.3 2,309.9 2,298.5 2,212.8 2,230.1 1,521.7 1,528.9 1,483.8 1,514.4 1,498.6
Total Assets 62,142 57,988 58,615 59,433 59,177 60,143 60,382 63,615 62,574 63,056 63,175 60,667 60,177 60,982 59,329 64,345 60,402 57,888 54,691 55,456 53,614 51,774 51,732 49,099 47,747 53,864 51,229 52,022 52,095 50,155 51,894 50,678 41,185 50,158 47,988 45,974 46,047 46,173 46,265 45,452 44,259 36,477 36,465 35,629 37,221 35,776 41,861 18,557.3 17,779.2 15,664.2 14,467.9 14,641.5 14,465.2 13,957.7 5,328.7 5,214.2 4,559.6 4,307.7 4,211.2 4,213.0 3,121.2 2,979.3 2,999.1 2,870 2,814.4 2,725.7 2,803.8 2,469.7 2,431.2 2,493 2,418.7 2,940.4 2,864.6 3,149.6 2,857.7 2,808.2 2,770.3 2,876.7 2,760.8 2,752.5 2,730.2 2,831.4 2,648 2,712.1 1,868.2 1,764.4 1,819.3 1,821.9 1,777.6
Current Liabilities
Account Payables 13,403 10,139 10,694 11,499 11,982 12,092 11,516 14,565 12,458 12,567 13,342 10,825 10,498 12,728 13,003 16,643 15,236 12,495 9,820 10,168 9,113 6,082 5,237 4,652 5,906 10,205 9,504 10,135 10,005 8,594 10,224 8,963 7,966 8,348 6,677 5,456 6,037 6,357 5,368 5,943 4,980 5,856 5,986 5,825 5,840 4,539 8,145 3,142.5 3,012.4 2,288.2 1,826.1 2,211.3 1,825 1,445.5 761.5 793.7 867.6 806.9 765.9 731.9 732.6 616.9 610.8 422 405.1 283.2 386.3 378.5 338.8 414.3 432.5 455.5 418.9 191.6 378.2 379.3 309.2 312.7 269.2 244.5 301.6 341.7 255.8 0 73.1 91 102.3 99.6 92.1
Short-Term Debt 1,026 949 894 382 542 743 1,016 995 853 1,406 1,334 1,193 1,258 1,109 1,006 1,022 1,295 1,264 1,162 1,044 734 723 636 587 886 494 402 323 1,110 238 199 183 871 122 121 121 120 115 1,064 864 128 523 635 237 137 312 60 416.4 201.6 0 41 26.3 476.7 266 0 0 0 27 93 185 126.5 0 12 31 63 160 107 125 175 122 175 119.7 187.7 154.3 135.3 88 117.3 82 71.9 62.8 74.8 62.2 62.2 0 28.8 28.7 26.5 23.3 20.5
Deferred Revenue 0 60 0 0 0 82 0 0 0 40 0 0 0 129 0 0 0 78 0 0 0 55 0 0 0 55 0 0 0 31 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,910 81 0 0 0 118 0 0 0 78 0 0 0 56 0 0 0 76 0 0 0 104 0 0 0 95 0 0 0 106 0 0 0 215 0 0 0 275 0 0 0 286 346 286 404 505 1,429 522.5 401.9 420.5 408.9 463 410.8 288.5 96.6 106.9 0 205.1 179.3 168.4 96.2 102.1 79.2 60.2 45.6 54.5 89.2 39.4 50.7 61 53.7 63.3 37.4 25.2 51.5 62.5 41.9 73.6 52.7 55.7 40.4 56.9 46.4 421.1 39.4 33.3 42.9 37.7 40.3
Total Current Liabilities 17,652 14,109 14,729 14,677 15,143 15,495 15,298 18,318 16,149 16,802 17,592 14,948 15,365 17,461 17,237 21,969 19,785 16,851 14,313 14,214 12,307 9,283 8,122 7,300 8,732 13,160 12,130 12,548 12,913 10,724 12,482 11,341 10,752 11,071 9,130 7,683 7,899 8,328 8,224 8,652 6,775 7,914 8,095 7,798 7,324 6,237 10,242 4,701.9 3,958.7 3,064.3 2,598.2 3,012 3,006.7 2,332.4 1,084.3 1,128.1 1,073.7 1,039.0 1,038.3 1,085.2 955.3 719 702 513.2 513.7 497.7 582.5 542.9 564.5 597.3 661.2 638.5 644 875.2 565 529.8 468.4 468.3 393.8 363 416.8 460.8 364.4 421.1 141.3 153 171.7 160.6 152.9
Non-Current Liabilities
Long-Term Debt 10,465 9,670 9,687 10,265 10,312 9,720 9,790 9,746 10,044 10,118 10,107 10,130 10,173 10,526 10,570 11,858 11,866 12,606 13,071 13,636 13,930 13,954 14,577 12,090 10,574 9,178 9,170 9,167 9,006 8,871 8,877 8,876 8,086 8,750 8,364 8,366 8,369 7,886 7,888 6,646 7,207 0 0 0 0 0 6,854 4,145.7 4,673.1 4,239.1 4,433.9 4,134.1 4,494.1 4,425.6 1,041.5 1,041.8 1,042.1 1,042.4 1,092.7 1,173.0 645.2 785.5 845.8 916.1 846.4 822.3 697.7 410 398.3 430.2 323.5 786.8 804.4 353.3 878.4 879.4 919.4 1,035.6 993.2 1,001.6 946.1 1,021.8 954.7 972.6 424.8 485.6 488.4 513.6 503.6
Deferred Tax Liabilities 4,725 5,146 5,023 5,048 4,951 5,267 5,263 5,224 5,260 5,349 5,231 5,382 5,280 5,217 4,938 4,792 4,971 5,210 5,110 5,142 5,034 5,275 5,297 5,305 4,909 5,103 4,920 4,899 4,867 4,962 4,725 4,760 4,711 4,708 7,362 7,254 7,196 7,361 7,369 7,279 7,192 4,270 4,131 4,006 4,105 4,289 3,941 1,856.1 1,774.8 1,604.6 1,362.2 1,340.5 1,301 1,453.4 559.3 492.9 468.6 406.6 342.0 307.5 296.6 275.5 261.3 271.6 262.3 210.4 263.6 280.8 269.3 256.9 242.8 230.8 282.6 224.5 282.9 274.6 272.9 276 267.6 297.8 297.6 264.2 240.8 237.1 235.6 232.6 251.1 235.4 227.4
Other Non-Current Liabilities 2,366 1,793 2,430 2,496 2,456 1,441 2,031 2,077 2,297 1,510 2,188 2,213 2,292 1,534 2,869 2,993 3,370 2,464 3,608 3,760 3,616 2,735 3,720 3,770 3,847 2,928 3,421 3,571 3,530 2,867 2,850 2,897 2,902 2,729 1,908 1,906 1,932 1,744 1,654 1,471 1,590 1,731 1,855 1,869 2,154 2,183 1,856 1,107.8 925.1 1,015 1,076.8 1,354.9 1,239.1 1,131.4 315.4 315.2 270.4 120.1 120.4 126.8 115.4 114.5 113.7 113 111.4 110 88.3 51.8 50.8 49.8 40.5 40.2 34.6 30.2 52.4 52.2 55.3 56 55.5 54.9 55.5 59.4 58.7 58 40.1 37.1 39 43.7 45.3
Total Non-Current Liabilities 17,556 17,274 17,140 17,809 17,719 17,127 17,084 17,047 17,601 17,730 17,526 17,725 17,745 18,053 18,377 19,643 20,207 21,220 21,789 22,538 22,580 22,849 23,594 21,165 19,330 18,168 17,511 17,637 17,403 16,700 16,452 16,533 15,699 16,187 17,634 17,526 17,497 16,991 16,911 15,396 15,989 13,512 13,704 13,106 13,490 13,736 12,651 7,118.2 7,381.6 6,864.7 6,872.9 6,829.5 7,034.2 7,301.4 2,203.1 2,135.7 1,781.2 1,569.2 1,555.1 1,607.2 1,057.2 1,175.5 1,220.8 1,300.7 1,220.1 1,142.7 1,049.6 742.6 718.4 736.9 606.8 1,057.8 1,121.6 1,187.9 1,213.7 1,206.2 1,247.6 1,367.6 1,316.3 1,354.3 1,299.2 1,345.4 1,254.2 1,267.7 700.5 755.3 778.5 792.7 776.3
Total Liabilities 35,208 31,383 31,869 32,486 32,862 32,622 32,382 35,365 33,750 34,532 35,118 32,673 33,110 35,514 35,614 41,612 39,992 38,071 36,102 36,752 34,887 32,132 31,716 28,465 28,062 31,328 29,641 30,185 30,316 27,424 28,934 27,874 18,260 27,258 26,764 25,209 25,396 25,319 25,135 24,048 22,764 21,426 21,799 20,904 20,814 19,973 22,893 11,820.1 11,340.3 9,929 9,471.1 9,841.5 10,040.9 9,633.8 3,287.4 3,263.8 2,854.9 2,608.1 2,593.4 2,692.5 2,012.5 1,894.5 1,922.8 1,813.9 1,733.8 1,640.4 1,632.1 1,285.5 1,282.9 1,334.2 1,268 1,696.3 1,765.6 2,063.1 1,778.7 1,736 1,716 1,835.9 1,710.1 1,717.3 1,716 1,806.2 1,618.6 1,688.8 841.8 908.3 950.2 953.3 929.2
Stockholders' Equity
Common Stock 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 6 6 1.3 1.3 1.2 1.1 1.1 1.1 1.1 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 48,863 47,959 47,169 46,425 46,065 47,016 47,074 47,052 46,519 45,630 44,774 42,512 40,935 38,247 35,510 33,079 28,785 28,281 27,673 27,610 27,849 28,953 29,712 30,575 29,722 31,974 31,283 31,046 30,810 31,044 30,430 29,915 29,415 29,200 27,135 26,603 26,366 26,366 26,270 25,933 25,401 13,591 13,036 13,178 15,384 15,715 16,413 2,322.6 1,712.2 1,482.7 1,190.2 1,073.3 913.6 835.3 818.9 722.7 452.8 321.6 233.1 110.6 27.4 (3.3) (19.8) (42.4) (20.3) (17.6) 72.5 72.7 37.3 47.6 39.8 511.5 503.8 506.4 496.2 491.6 479.3 467.9 463.7 449.7 429.2 442.7 447.4 447.3 447.3 446.9 462.1 461.8 442.2
Accumulated Other Comprehensive Income (712) (469) (708) (553) (1,109) (1,272) (830) (1,172) (1,055) (870) (1,325) (971) (1,205) (1,359) (1,997) (1,425) (1,009) (1,008) (1,338) (1,089) (1,165) (1,254) (1,571) (1,799) (1,937) (1,351) (1,529) (1,350) (1,352) (1,507) (1,235) (1,262) (983) (940) (893) (1,123) (1,334) (1,410) (1,120) (1,002) (802) 240 432 365 (115) (237) 491 27.7 166.2 169.6 136.8 54.5 (1.1) 8.7 28.8 29.7 42.7 (804.4) (773.6) (743.4) (726.7) (702.2) (678.6) (655.6) (633.7) (612.8) (595) (576.2) (557.4) (540) (524.8) (507.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 23,870 23,725 23,754 24,078 23,490 24,512 25,253 25,443 26,057 26,346 25,975 25,851 24,977 23,561 21,912 20,969 18,821 18,430 17,476 17,651 17,801 18,801 19,223 19,847 18,842 21,803 21,107 21,345 21,309 21,667 21,910 21,769 21,877 21,991 20,370 19,923 19,825 20,024 20,339 20,576 20,656 15,051 14,666 14,725 16,407 15,803 18,968 6,737.2 6,438.9 5,735.2 4,996.8 4,800 4,308.3 4,208.1 2,041.3 1,950.4 1,704.7 1,527.1 1,445.3 1,348.0 1,108.7 1,084.8 1,076.3 1,056.1 1,080.6 1,085.3 1,171.7 1,184.2 1,148.3 1,158.8 1,150.7 1,244.1 1,099 1,086.5 1,079 1,072.2 1,054.3 1,040.8 1,050.7 1,035.2 1,014.2 1,025.2 1,029.4 1,023.3 1,026.4 856.1 869.1 868.6 848.4
Total Liabilities & Equity 62,142 57,988 58,615 59,433 59,177 60,143 60,382 63,615 62,574 63,056 63,175 60,667 60,177 60,982 59,329 64,345 60,402 57,888 54,691 55,456 53,614 51,774 51,732 49,099 47,747 53,864 51,229 52,022 52,095 50,155 51,894 50,678 41,185 50,158 47,988 45,974 46,047 46,173 46,265 45,452 44,259 36,477 36,465 35,629 37,221 35,776 41,861 18,557.3 17,779.2 15,664.2 14,467.9 14,641.5 14,465.2 13,957.7 5,328.7 5,214.2 4,559.6 4,307.7 4,211.2 4,213.0 3,121.2 2,979.3 2,999.1 2,870 2,814.4 2,725.7 2,803.8 2,469.7 2,431.2 2,493 2,418.7 2,940.4 2,864.6 3,149.6 2,857.7 2,808.2 2,770.3 2,876.7 2,760.8 2,752.5 2,730.2 2,831.4 2,648 2,712.1 1,868.2 1,764.4 1,819.3 1,821.9 1,777.6
Debt Metrics
Total Debt 11,491 11,703 10,581 10,647 10,854 11,540 10,806 10,741 10,897 12,637 11,441 11,323 11,431 12,722 11,576 12,880 13,161 15,125 14,233 14,680 14,664 15,847 15,213 12,677 11,460 10,962 9,572 9,490 10,116 9,109 9,076 9,059 8,957 8,872 8,485 8,487 8,489 8,001 8,952 7,510 7,335 8,034 8,353 7,400 7,368 7,576 6,914 4,570.7 4,883.3 4,245.1 4,474.9 4,160.4 4,970.8 4,982.6 1,328.4 1,327.7 1,042.1 1,069.4 1,185.7 1,358.0 771.7 785.5 857.8 947.1 909.4 982.3 804.7 535 573.3 552.2 498.5 906.5 992.1 437.1 1,013.7 967.4 1,036.7 1,117.6 1,065.1 1,064.4 1,020.9 1,084 1,016.9 972.6 453.6 514.3 514.9 536.9 524.1
Net Debt 5,758 7,015 5,817 6,110 6,220 6,883 5,622 5,495 5,980 7,213 5,610 6,248 5,910 7,860 7,607 7,488 10,523 11,003 10,735 11,108 12,410 12,534 11,166 10,358 9,945 8,379 7,435 7,457 7,339 6,127 5,525 4,608 4,299 3,022 3,309 3,280 4,026 3,185 3,003 2,585 3,557 6,033 6,466 6,575 5,745 5,861 3,805 4,240.5 4,644.3 3,875.9 3,777.4 3,419.5 4,591.9 4,663 1,237.2 1,285.2 916.4 1,054.8 1,172.7 1,347.6 763.1 725.4 850 941.3 896.1 971.1 796.5 528.4 563.5 542.3 476.6 903.3 976 417.3 999.6 948.2 1,019.8 1,089.5 1,041.8 1,043.1 1,005.9 1,057.8 1,007.2 924.6 327.3 507 475.1 529.1 516
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 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income 1,322 1,169 1,066 663 (652) 357 363 877 1,242 1,199 2,663 2,122 3,146 3,232 2,912 4,768 967 1,009 463 292 (622) (309) (379) 1,335 (1,754) 1,060 609 648 167 952 856 845 582 2,371 863 572 321 367 645 814 495 862 847 534 632.7 248.1 131.6 191.1 128.4 170.4 89 29.8 11.3 (38.6) 51.6 101.0 274.9 93.3 127.4 87.7 30.7 16.5 22.6 (22.1) (2.7) (85.7) 4.3 40 (5.9) 12.4 51.5 16.8 15.4 18.8 13.1 20.9 19.9 12.9 22.6 20.5 3.8 3.9 12.5 4.2 6.3 (15.2) 11.3 24.7 15.6
Depreciation & Amortization 840 817 836 814 691 698 685 696 695 690 682 669 660 633 632 602 606 598 641 588 578 577 614 578 582 571 567 566 551 531 517 523 498 490 497 499 500 468 470 471 485 232 197 186 159.3 140.7 148.5 125.2 119.7 117.1 114.4 107.9 112.7 114.3 70.4 65.9 60.8 53.3 47.8 39.3 32.6 32.8 35.1 34.3 36.8 (8.8) 32.5 29.4 25.6 (5) 22.2 13.4 34.6 38.5 31.9 33.8 34.2 36.8 33.8 33.9 30.8 28.9 31.7 19 22.8 20.9 33.1 8.4 17.1
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 103 0 0 0 88 0 0 0 0 0 0 0 89 0 0 0 86 0 0 0 0 0 0 0 68 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (303) 106 8 (106) 106 24 195 881 (110) (740) 90 (1,194) (534) (3) (1,489) 574 (801) 529 314 1,087 231 (153) 246 629 (1,107) (408) 192 283 181 (140) (857) 687 (1,026) 1,393 (315) 708 151 77 (177) 161 (285) 1,160 (157) (14) (147) (82) (64.3) (135.1) 64.4 135 (11.6) (109.2) 200.1 (340.6) (7.7) (46.2) (128.3) 98.2 36.5 (68.2) (63.1) 127 (64.7) 45.5 114.0 (25.3) 6.5 38.1 (69) (58.8) 164.4 (100.8) (13.1) 2.7 (34.8) (10.8) 20.1 (51.4) (2.5) (41.3) 63.6 (17.5) (25.7) (48.7) (3.7) 66.8 0 0 0
Other Non-Cash Items (72) (126) 0 (500) 1,131 0 30 49 88 19 0 (190) (156) (80) (182) (20) 50 206 45 (62) 0 0 (270) (2,191) 2,392 181 30 10 0 (16) 18 30 82 29 (64) (10) 20 (19) (73) 799 (176) (19) (6) (11) 86.9 (75.4) (13.6) 114 210.4 (313.6) (23.3) 6 (36.6) 0.1 (5.5) (0.1) (26.2) (17.5) 8.0 (7.8) (0.3) (5.1) 118.6 (45.7) 1.6 19.2 76.7 (22.8) 104.3 6.5 47.3 (14.5) (3.4) 6.8 (12.6) 71.3 2 1.9 (10.1) 1.7 (5.9) 6.7 (0.6) 11.5 4.6 (21.1) (15.1) (19.2) (1.3)
Operating Cash Flow 1,390 2,057 1,881 936 952 1,070 1,295 2,472 1,846 1,239 3,308 1,512 3,170 4,096 2,045 5,845 588 2,454 1,449 2,008 (52) 96 165 736 (49) 88 1,429 1,517 877 1,678 496 2,059 138 1,660 1,037 1,797 988 998 863 2,319 640 2,082 966 797 860.3 329.6 263.7 413 572.6 167.1 204.7 44.9 287.5 (264.8) 205.7 186.3 236.6 231.4 276.2 82.5 11.2 169.9 117.3 (0.5) 148.4 (102.3) 125.4 95.4 47.3 (33.5) 296.5 (76.7) 34.8 69.3 8.4 117.9 80.2 1.6 41.9 18 94.3 25.3 22.9 (11.5) 31.4 40.1 43.6 21.6 36
Investing Activities
Capital Expenditure (160) (249) (177) 249 (249) (303) (210) (420) (661) (540) (220) (170) (265) (417) (463) (417) (384) (508) (463) (355) (339) (506) (407) (440) (435) (588) (435) (511) (463) (815) (439) (434) (384) (466) (341) (293) (279) (366) (302) (294) (316) (513) (438) (338) (274) (246) (404) (113.3) (330.6) (127.9) (144.7) (117.6) (355.5) (193.4) (165.0) (90.8) (69.0) (63.4) (55.5) (50.8) (25.2) (23.9) (18.4) (19.4) (38.9) (56.4) (375.4) (35.7) (33.2) 333.4 (381.9) (33.6) (39.9) (38.4) (22.7) (35.7) (31.7) (24.8) (34.4) (35.6) (29.8) (34.2) (15.1) (17.1) (14.3) (73.5) (14.5) (28.4) (43.2)
Acquisitions 0 (1) 0 1 (1) 0 0 0 90 0 220 170 75 32 0 (1) 165 (1) 1 3 (12) (15) (10) (10) (19) (49) (68) (55) (64) (90) (33) (771) (55) (33) (151) (105) (117) 0 0 0 0 (2,316) 0 0 (27.8) (577.6) (15.6) 15.1 (35) (15.1) 0 0 0 0 (1,829.6) (0.4) 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
Purchases of Investments 0 (9) (6) (7) (5) (12) (3) (3) (11) (39) 117 (254) (100) 0 0 (1) 0 (1) 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.6) 0.3 (0.4) (0.3) (5.6) 0.3 (125.4) (2.8) (1.1) 0 0 0
Sales/Maturities of Investments 0 6 8 7 9 2 11 35 33 94 (31) 180 71 0 0 32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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) 0.1 0 1.7 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (240) (166) (204) (662) (389) (231) (206) (4) 2 2 (390) (455) (330) (350) (147) (232) (622) (238) (114) 93 (229) (52) (96) (132) (303) (174) (132) (242) (220) (255) (164) (175) (313) (143) (74) (62) (318) (256) (151) (156) (165) (121) (52) (191) 14.2 (680.9) 11.3 (618.8) (25.7) 328.6 (3.8) (7.2) 840.6 230.2 (743.0) (37.1) (230.8) (35.0) (12.7) (934.7) (16.7) (13.4) (5.3) (22.7) (30.2) (14.8) (1.4) (17.8) (31.6) (360.3) 361.3 (364.9) (0.8) (12.3) (20.9) 2.4 2 (0.8) 9.3 (2.2) (28.3) (20) 1 1.3 2 7.4 29 (1.5) (8.3)
Investing Cash Flow (400) (419) (379) (412) (635) (544) (408) (392) (547) (483) (304) (529) (549) (735) (610) (619) (841) (747) (576) (256) (580) (573) (513) (582) (757) (811) (635) (808) (747) (1,160) (636) (1,380) (752) (642) (566) (460) (714) (622) (453) (450) (481) (2,950) (490) (529) (287.6) (1,504.5) (408.3) (717) (391.3) 185.6 (148.5) (124.8) 485.1 36.8 (2,737.6) (128.3) (299.8) (98.4) (68.2) (985.4) (42.0) (37.3) (23.7) (42.1) (69.1) (71.2) (376.8) (53.5) (64.8) (26.9) (20.6) (398.5) (40.7) (51.4) (43.5) (33.3) (28) (27.2) (24.8) (38.2) (58.4) (59.8) (13.8) (141.2) (15.1) (67.2) 14.5 (29.9) (51.5)
Financing Activities
Net Debt Issuance 1,475 (180) (73) (224) 383 (68) (60) (165) (355) 6 81 (112) (237) (403) (1,273) (344) (790) (660) (497) (26) (24) 18 2,530 1,173 354 80 67 (841) 1,008 31 8 (114) 83 (6) (4) (6) (5) (947) 1,452 176 (3) 598 (201) (278) (262) 611 (28.9) 110.5 298.6 (449.2) (9.9) 33.1 (609.2) 2,228.3 2,777.6 (0.0) (0.2) (116.0) (172.9) 581.8 (13.5) (72) (89) 37.5 (74.7) 177.7 270 (39.8) 21.5 52.7 (57.6) 502.7 (29.6) 8.9 (19) (3) (80.1) 52.5 1.5 43.5 (62.4) 67.1 (32.1) 89.7 (60) (0.5) (11.3) 2.7 19.4
Stock Repurchased (573) (1,064) (922) (366) (274) (259) (560) (1,033) (1,023) (956) (1,787) (942) (1,451) (1,808) (877) (1,748) (144) (12) 0 (1) (14) (9) 0 0 (147) (222) (307) (212) (986) (627) (434) (327) (320) (421) (291) (346) (314) (169) (502) (400) (265) (5) (6) (177) (223.6) (12) (49) (4.5) (15.4) (4.3) (0.8) (0.7) (37.3) (6.7) (112.1) (9.0) (24.2) (14.5) (30.6) (10.4) (8.7) (12.8) (0.1) 0.0 (0.6) (18.1) (15) (1.2) (0.2) 0 (1.8) (4.2) (4.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (359) (344) (351) (354) (356) (339) (342) (347) (356) (346) (360) (367) (379) (376) (386) (399) (401) (401) (400) (401) (400) (400) (399) (400) (401) (369) (372) (376) (375) (338) (341) (345) (345) (306) (309) (312) (315) (271) (276) (282) (282) (27) (26) (22) (20.3) (16.8) (15.6) (12.8) (11.5) (10.7) (0.5) (14.2) (2,041.3) (2,068.9) (6.1) (4.9) (4.9) (4.9) (4.9) (4.5) (4.5) (4.4) (4.5) (4.5) (4.5) 0 (4.5) (4.5) (4.5) (16.6) (4.5) (9) (8.5) (8.6) (8.5) (8.6) (8.5) (8.7) (8.6) (8.7) (8.6) (8.7) (8.6) (8) (5.9) (5.9) 0 0 (5.1)
Other Financing Activities (419) (164) 147 95 (135) (118) (112) (2) 0 0 (59) (101) 69 7 (91) 77 107 (34) 24 1 (1) (2) (96) (143) (1) (12) (37) (18) (25) (53) (12) (43) 9 404 (11) (13) (53) (46) (16) (187) 6 (12) 0 0 (21) 0 (289.3) 0 (200) (3.6) (13.7) 0.1 2,027.3 0 0 (0.0) (0.0) (166.7) (0.5) 167.2 0 (0.2) 0.1 0 0 13.7 (0.1) 0 0 (21.2) (214.6) (26.6) 26.6 (8.7) 6.9 (75.2) 24.6 (8.2) (8.2) (8.2) 22.8 (7.4) (7.6) (7.6) 0 0 (15.1) 5 0.1
Financing Cash Flow 124 (1,752) (1,199) (849) (382) (784) (1,074) (1,547) (1,734) (1,296) (2,125) (1,522) (1,998) (2,580) (2,627) (2,414) (1,228) (1,107) (873) (427) (439) (393) 2,035 630 (195) (523) (649) (1,447) (378) (987) (779) (829) (573) (329) (615) (676) (652) (1,433) 658 (693) (544) 650 (210) (444) (478.3) 1,048.6 (144.4) (84) 79.7 13.2 5.2 40.2 (649.2) 191.4 2,710.2 (9.3) (20.1) (131.4) (205.4) 904.8 (20.8) (80.4) (91.6) 35.1 (77.2) 176.5 253 (45.1) 17.3 48.4 (257.2) 482.1 2.2 (12.1) 30.1 (82.5) (63.3) 30.4 (15.2) 26.5 (47.1) 51 (47.3) 74.2 102.9 (5.5) (26.1) 8 15.5
Cash Position
Net Change in Cash 1,047 (76) 229 (95) (22) (525) (60) 497 (507) (407) 756 (446) 659 893 (1,423) 2,754 (1,484) 624 (74) 1,318 (1,059) (734) 1,728 804 (1,068) 446 104 (744) (205) (569) (900) (207) (1,192) 674 (31) 744 (353) (1,133) 1,024 1,147 (336) (212) 263 (178) 91.2 (130.2) 59.6 (387.9) (43.4) 362 59.3 (41.3) 128.1 (36.6) 178.3 48.7 (83.3) 1.6 2.6 1.9 (51.6) 52.3 (91.6) 35.1 (77.2) 176.5 253 (45.1) 17.3 48.4 (257.2) 482.1 2.2 (12.1) 30.1 (82.5) (63.3) 30.4 (15.2) 26.5 (47.1) 51 (47.3) 74.2 102.9 (5.5) (26.1) 8 0
Cash at Beginning 4,865 4,941 4,712 4,807 4,829 5,354 5,414 4,917 5,424 5,831 5,075 5,521 4,862 3,969 5,392 2,638 4,122 3,498 3,572 2,254 3,313 4,047 2,319 1,515 2,583 2,137 2,033 2,777 2,982 3,551 4,451 4,658 5,850 5,176 5,207 4,463 4,816 5,949 4,925 3,778 4,114 949 686 864 239 369.2 309.6 697.5 740.9 378.9 319.6 360.9 232.8 269.4 91.2 42.5 125.7 13.0 10.4 8.5 60.1 7.8 99.4 0 11.2 0 0 0 9.9 0 0 0 19.8 0 0 0 28.1 0 0 0 26.2 0 0 0 7.3 0 0 0 8.2
Cash at End 5,912 4,865 4,941 4,712 4,807 4,829 5,354 5,414 4,917 5,424 5,831 5,075 5,521 4,862 3,969 5,392 2,638 4,122 3,498 3,572 2,254 3,313 4,047 2,319 1,515 2,583 2,137 2,033 2,777 2,982 3,551 4,451 4,658 5,850 5,176 5,207 4,463 4,816 5,949 4,925 3,778 737 949 686 330.2 239 369.2 309.6 697.5 740.9 378.9 319.6 360.9 232.8 269.4 91.2 42.5 14.6 13.0 10.4 8.5 60.1 7.8 35.1 (66) 176.5 253 (45.1) 27.2 48.4 (257.2) 482.1 22 (12.1) 30.1 (82.5) (35.2) 30.4 (15.2) 26.5 (20.9) 51 (47.3) 74.2 110.2 (5.5) (26.1) 8 8.2
Free Cash Flow 1,230 1,808 1,704 1,185 703 767 1,085 2,052 1,185 699 3,088 1,342 2,905 3,679 1,582 5,428 204 1,946 986 1,653 (391) (410) (242) 296 (484) (500) 994 1,006 414 863 57 1,625 (246) 1,194 696 1,504 709 632 561 2,025 324 1,569 528 459 586.3 83.6 (140.3) 299.7 242 39.2 60 (72.7) (68) (458.2) 40.7 95.5 167.7 167.9 220.8 31.7 (14.1) 146 98.9 (19.9) 109.5 (158.7) (250) 59.7 14.1 299.9 (85.4) (110.3) (5.1) 30.9 (14.3) 82.2 48.5 (23.2) 7.5 (17.6) 64.5 (8.9) 7.8 (28.6) 17.1 (33.4) 29.1 (6.8) (7.2)
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 32,381 31,730 32,168 29,889 30,258 30,756 32,876 34,490 31,759 35,414 38,404 34,509 36,439 41,746 44,454 51,641 38,542 35,903 29,520 27,748 20,806 16,604 15,809 10,397 22,102 27,879 27,249 28,933 24,263 28,730 30,849 31,015 26,439 26,392 23,562 22,254 21,772 20,712 19,649 19,584 15,714 18,777 22,579 25,118 21,330 27,859 34,408 34,914 33,663 34,429 36,137 34,034 33,474 34,695 34,726 34,662 35,167 34,673 33,713 31,293 26,308 18,605 22,210 21,775 19,643 16,906 19,489 17,925 13,824 18,569 35,960 36,640 27,945 29,277 23,492 23,999 19,502 19,791.8 24,318.8 26,780.8 20,940.8 25,893.8 23,282.8 18,031.8 14,952.8 15,389.5 14,339.3 13,807.6 11,081.5 9,509.4 8,843.8 8,109.7 6,552.4 2,861.2 4,499.1 3,769.3 4,121.1 4,248.8 3,372.5 2,928.6
Gross Profit 2,880 3,262 1,772 1,221 496 618 744 1,427 1,971 1,863 3,759 2,970 4,297 4,664 4,012 6,467 1,608 1,898 907 697 (420) (241) (410) 1,961 (2,098) 1,989 1,108 1,109 519 1,533 1,438 1,522 1,049 1,108 1,611 1,049 727 828 1,084 1,446 2,015 852 2,318 2,256 1,642 2,010 1,850 1,255 1,510 1,741 702 1,041 1,237 1,831 1,828 1,532 531 296 2,530 1,827 739 337 1,274 1,608 595 689 462 367 1,199 1,859 2,275 1,834 1,162 2,201 1,646 3,704 2,219 2,129.8 2,970.8 3,531.8 1,932.8 2,621.8 1,872.8 1,777.8 1,289.8 1,265 1,127.1 1,462.1 826.2 632.2 637.2 599.7 444 185.9 551.6 305.2 268.1 314.7 220.8 109.3
Operating Income 1,731 1,575 1,509 997 (900) 348 507 1,221 1,679 1,553 3,503 2,759 4,043 4,295 3,792 6,219 1,384 1,594 693 509 (666) (470) (621) 1,789 (2,277) 1,739 881 908 308 1,299 1,219 1,253 801 853 1,338 871 537 620 892 1,231 829 646 2,139 2,078 1,495 1,796 1,670 1,085 1,350 1,562 532 808 1,061 1,584 1,309 1,361 (244) 167 1,979 1,290 244 416 571 921 (32) 445 (693) (317) 507 (2,907) 1,840 1,158 472 884 1,168 3,193 1,765 1,480 2,333 2,864 1,333 1,997 1,311 1,305 846 808.9 699.5 1,033.6 437.2 232.1 274.4 240.3 100.1 111.7 464.3 237.1 170.9 223.9 158.4 57.1
Net Income 1,263 1,134 1,095 714 (595) 281 364 880 1,245 1,202 2,622 1,944 3,067 3,113 2,817 4,693 905 1,009 463 162 (704) (359) (464) 1,253 (1,851) 1,060 609 612 141 952 856 845 469 2,371 841 548 305 367 613 814 495 298 1,377 1,351 964 1,155 1,059 588 828 1,288 312 466 654 1,010 674 831 (432) 45 1,203 744 98 (438) 292 583 (113) (1,408) (629) (254) 309 (3,278) 1,152 734 261 1,173 1,067 2,046 948 1,113.8 1,602.8 1,896.8 848.8 1,346.8 861.8 846.8 533.8 487.8 434.5 632.7 248.1 131.6 128.4 89 11.3 51.6 274.9 136.1 93.3 127.4 87.7 30.7
EPS (Diluted) 4.22 3.74 3.53 2.28 -1.90 0.89 1.14 2.71 3.75 3.55 7.49 5.41 8.28 8.14 7.22 11.62 2.22 2.46 1.13 0.39 -1.73 -0.88 -1.14 3.07 -4.54 2.58 1.48 1.47 0.34 2.24 2.01 1.96 1.09 5.42 1.91 1.23 0.68 0.81 1.33 1.73 1.05 0.62 2.79 2.66 1.87 2.22 2.00 1.10 1.54 2.38 0.57 0.85 1.18 1.82 1.21 1.50 -0.78 0.08 2.11 1.30 0.17 -0.76 0.51 1.03 -0.20 -2.51 -1.12 -0.48 0.59 -6.32 2.18 1.37 0.48 2.17 2.09 3.89 1.86 1.81 2.55 2.98 1.32 2.09 1.47 1.53 0.96 0.88 0.79 1.14 0.46 0.24 0.27 0.20 0.03 0.12 1.06 0.53 0.37 0.50 0.38 0.14
Balance Sheet
Cash & Equivalents 5,733 4,688 4,764 4,537 4,634 4,657 5,184 5,246 4,917 5,424 5,831 5,075 5,521 4,862 3,969 5,392 2,638 4,122 3,498 3,572 2,254 3,313 4,047 2,319 1,515 2,583 2,137 2,033 2,777 2,982 3,551 4,451 4,658 5,850 5,176 5,207 4,463 4,816 5,949 4,925 3,778 2,001 1,887 825 1,623 1,715 3,109 330.2 239 369.2 697.5 740.9 378.9 319.6 91.2 42.5 125.7 14.6 13.0 10.4 8.5 60.1 7.8 5.8 13.3 11.2 8.2 6.6 9.8 9.9 21.9 3.2 16.1 19.8 14.1 19.2 16.9 28.1 23.3 21.3 15 26.2 9.7 48 126.3 7.3 39.8 7.8 8.1
Total Assets 62,142 57,988 58,615 59,433 59,177 60,143 60,382 63,615 62,574 63,056 63,175 60,667 60,177 60,982 59,329 64,345 60,402 57,888 54,691 55,456 53,614 51,774 51,732 49,099 47,747 53,864 51,229 52,022 52,095 50,155 51,894 50,678 41,185 50,158 47,988 45,974 46,047 46,173 46,265 45,452 44,259 36,477 36,465 35,629 37,221 35,776 41,861 18,557.3 17,779.2 15,664.2 14,467.9 14,641.5 14,465.2 13,957.7 5,328.7 5,214.2 4,559.6 4,307.7 4,211.2 4,213.0 3,121.2 2,979.3 2,999.1 2,870 2,814.4 2,725.7 2,803.8 2,469.7 2,431.2 2,493 2,418.7 2,940.4 2,864.6 3,149.6 2,857.7 2,808.2 2,770.3 2,876.7 2,760.8 2,752.5 2,730.2 2,831.4 2,648 2,712.1 1,868.2 1,764.4 1,819.3 1,821.9 1,777.6
Total Debt 11,491 11,703 10,581 10,647 10,854 11,540 10,806 10,741 10,897 12,637 11,441 11,323 11,431 12,722 11,576 12,880 13,161 15,125 14,233 14,680 14,664 15,847 15,213 12,677 11,460 10,962 9,572 9,490 10,116 9,109 9,076 9,059 8,957 8,872 8,485 8,487 8,489 8,001 8,952 7,510 7,335 8,034 8,353 7,400 7,368 7,576 6,914 4,570.7 4,883.3 4,245.1 4,474.9 4,160.4 4,970.8 4,982.6 1,328.4 1,327.7 1,042.1 1,069.4 1,185.7 1,358.0 771.7 785.5 857.8 947.1 909.4 982.3 804.7 535 573.3 552.2 498.5 906.5 992.1 437.1 1,013.7 967.4 1,036.7 1,117.6 1,065.1 1,064.4 1,020.9 1,084 1,016.9 972.6 453.6 514.3 514.9 536.9 524.1
Stockholders' Equity 23,870 23,725 23,754 24,078 23,490 24,512 25,253 25,443 26,057 26,346 25,975 25,851 24,977 23,561 21,912 20,969 18,821 18,430 17,476 17,651 17,801 18,801 19,223 19,847 18,842 21,803 21,107 21,345 21,309 21,667 21,910 21,769 21,877 21,991 20,370 19,923 19,825 20,024 20,339 20,576 20,656 15,051 14,666 14,725 16,407 15,803 18,968 6,737.2 6,438.9 5,735.2 4,996.8 4,800 4,308.3 4,208.1 2,041.3 1,950.4 1,704.7 1,527.1 1,445.3 1,348.0 1,108.7 1,084.8 1,076.3 1,056.1 1,080.6 1,085.3 1,171.7 1,184.2 1,148.3 1,158.8 1,150.7 1,244.1 1,099 1,086.5 1,079 1,072.2 1,054.3 1,040.8 1,050.7 1,035.2 1,014.2 1,025.2 1,029.4 1,023.3 1,026.4 856.1 869.1 868.6 848.4
Cash Flow
Operating Cash Flow 1,390 2,057 1,881 936 952 1,070 1,295 2,472 1,846 1,239 3,308 1,512 3,170 4,096 2,045 5,845 588 2,454 1,449 2,008 (52) 96 165 736 (49) 88 1,429 1,517 877 1,678 496 2,059 138 1,660 1,037 1,797 988 998 863 2,319 640 2,082 966 797 860.3 329.6 263.7 413 572.6 167.1 204.7 44.9 287.5 (264.8) 205.7 186.3 236.6 231.4 276.2 82.5 11.2 169.9 117.3 (0.5) 148.4 (102.3) 125.4 95.4 47.3 (33.5) 296.5 (76.7) 34.8 69.3 8.4 117.9 80.2 1.6 41.9 18 94.3 25.3 22.9 (11.5) 31.4 40.1 43.6 21.6 36
Capital Expenditure (160) (249) (177) 249 (249) (303) (210) (420) (661) (540) (220) (170) (265) (417) (463) (417) (384) (508) (463) (355) (339) (506) (407) (440) (435) (588) (435) (511) (463) (815) (439) (434) (384) (466) (341) (293) (279) (366) (302) (294) (316) (513) (438) (338) (274) (246) (404) (113.3) (330.6) (127.9) (144.7) (117.6) (355.5) (193.4) (165.0) (90.8) (69.0) (63.4) (55.5) (50.8) (25.2) (23.9) (18.4) (19.4) (38.9) (56.4) (375.4) (35.7) (33.2) 333.4 (381.9) (33.6) (39.9) (38.4) (22.7) (35.7) (31.7) (24.8) (34.4) (35.6) (29.8) (34.2) (15.1) (17.1) (14.3) (73.5) (14.5) (28.4) (43.2)
Free Cash Flow 1,230 1,808 1,704 1,185 703 767 1,085 2,052 1,185 699 3,088 1,342 2,905 3,679 1,582 5,428 204 1,946 986 1,653 (391) (410) (242) 296 (484) (500) 994 1,006 414 863 57 1,625 (246) 1,194 696 1,504 709 632 561 2,025 324 1,569 528 459 586.3 83.6 (140.3) 299.7 242 39.2 60 (72.7) (68) (458.2) 40.7 95.5 167.7 167.9 220.8 31.7 (14.1) 146 98.9 (19.9) 109.5 (158.7) (250) 59.7 14.1 299.9 (85.4) (110.3) (5.1) 30.9 (14.3) 82.2 48.5 (23.2) 7.5 (17.6) 64.5 (8.9) 7.8 (28.6) 17.1 (33.4) 29.1 (6.8) (7.2)