Viatris Inc. logo VTRS - Viatris Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 8
SELL 1
STRONG
SELL
0
| PRICE TARGET: $17.40 DETAILS
HIGH: $22.00
LOW: $12.00
MEDIAN: $18.00
CONSENSUS: $17.40
UPSIDE: 4.50%
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
Revenue
Revenue 3,517 3,703.6 3,759.9 3,582.1 3,254.3 3,528.1 3,751.2 3,796.6 3,663.4 3,837.3 3,941.9 3,918.6 3,729.1 3,876 4,078.2 4,116.8 4,191.7 4,341.6 4,536.6 4,577.8 4,430.3 3,623.5 2,972.1 2,731.2 2,619.2 3,191.8 2,961.7 2,851.5 2,495.5 3,078.7 2,862.4 2,808.3 2,684.5 3,238.9 2,987.1 2,962.2 2,719.5 3,267.8 3,057.1 2,560.7 2,191.3 2,490.7 2,695.2 2,371.7 1,871.7 2,082.7 2,084 1,837.3 1,715.6 1,808.5 1,767.4
Cost of Revenue 2,359.8 2,569.1 2,375 2,249.2 2,093.1 2,313.1 2,292 2,351.2 2,159.4 2,240.8 2,250.6 2,310 2,186.9 2,601.9 2,329.8 2,413.5 2,420.5 2,795.2 2,962.5 3,250.1 3,303 2,917.1 1,813.6 1,705.5 1,713.1 2,104.4 1,889.3 1,918.9 1,690.3 2,063.1 1,823.2 1,845.8 1,700.2 1,944.3 1,809 1,736.8 1,634.5 1,932.8 1,773.8 1,389 1,284.3 1,428.1 1,379.9 1,363.6 1,041.6 1,113.7 1,071.6 1,028.5 977.8 1,012.6 958.9
Gross Profit 1,157.2 1,134.5 1,384.9 1,332.9 1,161.2 1,215 1,459.2 1,445.4 1,504 1,596.5 1,691.3 1,608.6 1,542.2 1,274.1 1,748.4 1,703.3 1,771.2 1,546.4 1,574.1 1,327.7 1,127.3 706.4 1,158.5 1,025.7 906.1 1,087.4 1,072.4 932.6 805.2 1,015.6 1,039.2 962.5 984.3 1,294.6 1,178.1 1,225.4 1,085 1,335 1,283.3 1,171.7 907 1,062.6 1,315.3 1,008.1 830.1 969 1,012.4 808.8 737.8 796.0 808.5
Operating Expenses
R&D Expenses 248.6 274.7 250.4 218.8 222 206.5 198.4 204.1 199.7 202.8 211.2 208.3 182.9 182.4 174.9 162.6 142.3 267.2 152.1 147.7 184.1 154.8 129.8 156.3 114.2 151.8 167.9 147.6 172.6 148.8 144.1 206.7 204.9 202.4 182.3 181.1 217.5 194.6 199.1 179.5 253.6 159 174.8 168.2 169.9 150.2 158.2 155.4 118 155.9 114
SG&A Expenses 928.8 1,030.7 882.9 928.7 948.1 1,046.7 1,003.4 1,037 1,017.5 1,605.8 1,053.5 1,031.9 958.9 1,265.4 1,017.3 981.1 915.3 1,082.9 1,055 1,204.8 1,186.5 1,361.4 658.4 719.4 605.4 654.4 632.7 668.6 607.9 632.9 577.3 623.3 607.5 659 664.1 620.5 630.8 708.5 656.9 581.4 549.3 596.2 537.1 564.2 483.2 425.6 418.3 404.1 377.7 380.0 349.8
Other Expenses 59.5 94.6 0 (47.6) 2,873.3 141.6 31.5 444.2 82.9 242.4 (25.1) (0.8) 0.6 27.6 (3.9) 10.9 6.2 273.9 9.4 23 22.9 71.3 18.9 15.8 1.8 8.9 (51.9) 20.9 0.7 1.1 (20.4) (46.4) 16.2 12.7 15.2 (50) 9 116.1 558 (0.1) (1.5) (116.5) 2.3 (0.9) 17.7 0.7 (59.1) 23.2 3.1 (13.2) 4.9
Operating Expenses 1,236.9 1,400 1,133.3 1,099.9 4,043.4 1,394.8 1,233.3 1,685.3 1,300.1 2,051 1,239.6 1,239.4 1,142.4 1,475.4 1,188.3 1,154.6 1,063.8 1,624 1,216.5 1,375.5 1,393.5 1,587.5 807.1 891.5 721.4 815.1 748.7 837.1 781.2 782.8 701 783.6 828.6 874.1 861.6 751.6 857.3 1,019.2 1,414 760.8 801.4 638.7 714.2 731.5 670.8 576.5 517.4 582.7 498.8 522.7 468.7
Operating Income
Operating Income (79.7) (265.5) 251.6 233 (2,882.2) (179.8) 225.9 (239.9) 203.9 (454.5) 451.7 369.2 399.8 (201.3) 560.1 548.7 707.4 (77.6) 357.6 (47.8) (266.2) (881.1) 351.4 134.2 184.7 272.3 323.7 95.5 24 232.8 338.2 178.9 155.7 420.5 316.5 473.8 227.7 315.8 (130.7) 410.9 105.6 423.9 601.1 276.6 159.3 392.5 495 226.1 239 273.2 339.8
Interest Expense 120.1 119.6 119.6 116.6 115.5 120.2 145.6 145.8 138.4 140.9 141.5 143.7 147 147.1 153.2 145.9 146.2 148.2 151.9 167.1 169 144.4 117.3 116.2 119.9 126 128.9 131.2 131.2 135.2 136.2 139.2 131.7 128.3 131.8 136.3 138.2 149.8 144.4 90.3 70.3 70.9 95.1 93.9 79.5 82 83.9 84.6 82.7 79.6 73.9
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.2 0 0 0 12.3 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (32.2) 543.4 800.2 577.8 (2,316.8) 339.9 905.8 540.3 1,034 (69.7) 1,223.1 1,163.4 1,199.7 2,485.8 1,280.2 1,257.5 1,409.7 694.1 1,368.9 1,265.1 1,150.2 84 791.2 551.9 565.6 808.9 784.4 580.5 517.2 821.1 829 659.8 640.7 981.4 754.5 882.2 625.3 851.3 265 596.8 386.4 629.9 807.9 533.3 315.8 522.9 630.2 351.6 369.6 414.9 396.1
EBIT (32.2) (223.4) 111.7 (100.5) (2,981.5) (406.3) 236.1 (246) 343 (714.1) 543.7 476.7 469.7 1,616 580.7 535.2 673.7 (55.7) 351.8 (52) (272.3) (869.1) 358.9 136.2 150.6 261.2 314.7 79.1 16.7 212.2 328.4 157.9 142.2 455.4 311.4 461 209.8 374.7 (180.9) 293.4 89.3 289.2 550.2 274.6 140.8 354.4 496.5 222.4 234.4 272.8 269.2
Income Before Tax (247.3) (343) (7.9) (217.1) (3,097) (526.5) 90.5 (391.8) 204.6 (855) 402.2 333 322.7 1,468.9 427.5 389.3 527.5 (203.9) 199.9 (219.1) (441.3) (1,013.5) 241.6 20 30.7 135.2 185.8 (52.1) (114.5) 77 192.2 18.7 10.5 327.1 179.6 324.7 71.6 224.9 (325.3) 203.1 19 218.3 455.1 180.7 61.3 272.4 412.6 137.8 151.7 193.1 195.3
Income Tax Expense (423.7) (2.9) 120.3 (212.5) (55) (10) (4.3) (65.4) 90.7 (89.4) 70.6 69 98 457.7 73.2 75.4 128.3 59.9 (111.6) 60.1 596.3 (97.7) 55.9 (19.4) 9.9 114.7 (4) 116.4 (89.5) 25.8 15.5 (18.8) (76.6) 82.8 91.3 27.7 5.2 (192.6) (205.5) 34.7 5.1 23.7 26.5 12.8 4.7 81.9 (86.8) 11.2 35.1 12.2 35.9
Net Income 176.4 (340.1) (128.2) (4.6) (3,042) (516.5) 94.8 (326.4) 113.9 (765.6) 331.6 264 224.7 1,011.2 354.3 313.9 399.2 (263.8) 311.5 (279.2) (1,037.6) (915.8) 185.7 39.4 20.8 20.5 189.8 (168.5) (25) 51.2 176.7 37.5 87.1 244.3 88.3 297 66.4 417.5 (119.8) 168.4 13.9 194.6 428.6 167.8 56.6 189.2 499.1 125.2 115.9 180.2 158.9
Per Share Data
EPS (Basic) 0.15 -0.30 -0.11 -0.00 -2.55 -0.43 0.08 -0.27 0.10 -0.64 0.28 0.22 0.19 0.83 0.29 0.26 0.33 -0.22 0.26 -0.23 -0.86 -1.07 0.36 0.08 0.04 0.04 0.37 -0.33 -0.05 0.10 0.34 0.07 0.17 0.46 0.16 0.56 0.12 0.78 -0.23 0.33 0.03 0.38 0.83 0.32 0.13 0.48 1.26 0.32 0.29 0.45 0.40
EPS (Diluted) 0.15 -0.30 -0.11 -0.00 -2.55 -0.43 0.08 -0.27 0.09 -0.64 0.27 0.22 0.19 0.83 0.29 0.26 0.33 -0.22 0.26 -0.23 -0.86 -1.07 0.36 0.08 0.04 0.04 0.37 -0.33 -0.05 0.10 0.34 0.07 0.17 0.46 0.16 0.55 0.12 0.78 -0.23 0.33 0.03 0.38 0.83 0.32 0.13 0.47 1.26 0.32 0.29 0.45 0.40
Shares Outstanding 1,155.4 1,152.6 1,164.6 1,173 1,192.4 1,193.3 1,193.5 1,191.1 1,195.2 1,200.1 1,199.5 1,199 1,202.5 1,220.9 1,218.1 1,212.3 1,210.5 1,198.9 1,209.3 1,208.8 1,206.5 854.4 516.9 516.9 517 516.1 516.0 510.6 500 514.6 516.5 535.7 514.4 533.3 551.9 537 553.3 536.5 520.9 509.7 489.8 509.8 514 521.9 435.4 393.3 396.1 391.2 396.7 396.2 395.5
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
Current Assets
Cash & Cash Equivalents 1,804.2 1,348 975.3 566.4 755 734.8 1,878.7 917.2 1,014.6 991.9 1,309.6 629.2 506.6 1,259.9 646.7 664.7 752.4 701.2 756.6 673.9 806.9 844.4 664.5 323.6 572.4 475.6 358.9 211.5 229.8 388.1 449.2 330.2 367.4 292.1 614.9 612.8 723.8 998.8 1,256.6 6,361.9 1,199.4
Short-Term Investments 0 106.4 181.8 242.2 247.2 355.1 169 225.2 164.1 192.5 254.9 176.8 173.5 212.6 331.1 278.3 287.4 233.8 234.2 178.4 189 203.5 131.1 96.7 125.4 109.1 63.5 63.1 61.7 57.5 61.9 60 58.1 110.6 87.6 96.3 91.3 83.8 66.4 76.2 65.8
Net Receivables 3,076.3 3,347.1 3,587.2 3,597.3 3,388.5 3,522 3,944.9 3,862.5 3,942.7 4,040.6 3,738.5 3,607.3 3,497.5 4,142.9 3,333.9 3,736.2 4,093.9 4,266.4 4,345.5 4,478.7 4,529 4,843.8 2,964.1 2,753.2 2,774.6 3,058.8 2,546.6 2,276.6 2,367.4 2,416.5 2,591 2,476.6 2,555.3 3,173.1 2,822.6 2,642.7 2,568.2 3,015.4 3,098.9 2,917.4 2,587.4
Inventory 3,927 3,999.2 4,111.4 4,264.3 4,096.4 3,854.1 4,084.6 3,942.1 3,823.2 3,469.7 3,671.9 3,641.5 3,664.3 3,519.5 3,380.4 3,612.5 3,797.3 3,977.7 4,081.9 4,487.6 4,942.2 5,471.9 3,022 2,785.7 2,639.6 2,670.9 2,763.5 2,776.2 2,708.8 2,580.2 2,560.6 2,561 2,641.1 2,542.7 2,548.1 2,610.2 2,547.8 2,456.4 2,687.5 2,191.3 2,144.1
Other Current Assets 2,109.3 194.8 909.6 924.5 964.8 913.8 1,096 2,683.3 3,800 4,125.5 1,790.2 1,517.4 1,548.7 1,305.9 2,558.6 2,610.8 2,545.2 1,467.1 1,652.9 1,709.6 1,591.5 1,236.1 363.9 337.2 326.5 286.2 731 759.4 751.7 791.2 769.9 741.3 982.3 958.8 981.8 787.6 902.8 743.2 (66.4) (76.2) (65.8)
Total Current Assets 10,916.8 9,220.9 9,951.4 9,774.6 9,622.4 9,520.7 11,307.7 11,792.1 12,923.5 12,976.1 10,932 9,778 9,630.3 10,635.4 10,487.8 11,176.5 11,744.3 10,902.9 11,308.4 11,749.8 12,318.5 12,867.5 7,334.7 6,464.6 6,600.5 6,757.3 6,645.1 6,265.4 6,262.3 6,367.7 6,541.7 6,297.8 6,761.3 7,213.3 7,266.6 6,965.9 7,065.5 7,522.5 7,965.1 12,186.7 6,627.6
Non-Current Assets
Property, Plant & Equipment 2,527.9 2,885.3 2,892.1 2,918.9 2,901.5 2,919.2 2,944.5 2,936 2,950.3 3,005.2 3,174.3 3,233.6 3,261.6 3,283.8 3,303.2 3,359 3,431.9 3,479.4 3,419.9 3,472 3,558.3 3,783.5 2,286.2 2,267.7 2,303.4 2,404.2 2,382.8 2,396.8 2,387.6 2,170.2 2,119.6 2,186.2 2,275.2 2,339.1 2,310 2,366.2 2,338 2,322.2 2,284.2 2,057.6 1,998.8
Goodwill 6,692.4 6,754.7 6,730.8 6,748.3 6,462.1 9,133.3 9,561.7 9,325.9 9,693.5 9,867.1 10,278.1 10,532.5 10,573.2 10,425.8 10,054.6 10,523 10,978.8 12,113.7 12,169.5 11,990.4 11,907.3 12,347 9,817.3 9,523.3 9,326.7 9,590.6 9,387.1 9,692.9 9,607.9 9,747.8 9,796.6 9,880.6 10,318.3 10,205.7 9,984.7 9,801 9,394.1 9,231.9 9,633.1 5,830.2 5,566.9
Intangible Assets 14,482.3 15,102.1 15,722.9 16,323.8 16,662.3 17,070.9 17,978.9 18,419 19,133.7 19,181.1 21,280.5 22,084.4 22,701.6 22,607.1 23,013.3 24,101.1 25,251.8 26,134.2 26,987 27,863.7 28,489.6 29,683.2 10,965.8 10,955.9 11,046.9 11,649.9 11,824.3 12,730.7 12,955.5 13,664.6 14,239 14,152.8 15,047.6 15,245.8 15,270.5 15,202 14,370 14,447.8 15,613.4 7,716.5 7,278.4
Long-Term Investments 0 815 850 950 1,234 1,349.8 1,477.1 1,437.7 1,188.9 1,142 1,213.7 1,183.1 1,078.6 1,091.4 0 0 0 81.4 11.6 24.2 33.6 47.9 57.6 71.4 81.1 92.2 106.6 118.4 127.4 138.7 149.5 193.2 209 226 274.8 292.6 364.2 396.4 417.6 438.7 456
Other Non-Current Assets 1,106 1,353.9 774.2 771.6 775 754 721.1 734 800.6 821.1 933.6 917.6 1,085.8 1,052.8 699.7 722.3 774.3 798.5 722.1 700.3 674.6 676 123.4 123.1 86 58.2 79.5 59.6 58.1 73.7 95.2 93.1 75.5 79.6 152.5 156 176.8 172.2 183.3 606.6 716.4
Total Non-Current Assets 25,917.8 27,972.2 27,969 28,636.9 28,852.5 31,980.2 33,446.4 33,537.9 34,420.2 34,709.4 37,810.6 38,917.2 39,659.9 39,386.8 38,174.8 39,948.6 41,722.6 43,939.9 44,762 46,234.3 46,660.7 48,685.5 23,908.4 23,690.8 23,545.4 24,498.2 24,408.4 25,551.5 25,644.3 26,367.2 26,913.9 26,973.7 28,423.2 28,593 28,552.3 28,540.3 27,207.1 27,203.7 28,573.4 16,649.6 16,016.5
Total Assets 36,834.6 37,193.1 37,920.4 38,411.5 38,474.9 41,500.9 44,754.1 45,330 47,343.7 47,685.5 48,742.6 48,695.2 49,290.2 50,022.2 48,662.6 51,125.1 53,466.9 54,842.8 56,070.4 57,984.1 58,979.2 61,553 31,243.1 30,155.4 30,145.9 31,255.5 31,053.5 31,816.9 31,906.6 32,734.9 33,455.6 33,271.5 35,184.5 35,806.3 35,818.9 35,506.2 34,272.6 34,726.2 36,538.5 28,836.3 22,644.1
Current Liabilities
Account Payables 1,749.4 1,293.7 1,326.4 1,320 1,518.2 1,355.3 1,242.2 1,382.5 1,584 1,381.4 1,218.5 1,309.6 1,415.4 1,158 791.2 1,050.7 928.4 1,056.1 1,139 1,319.5 1,549.7 1,345.7 900.8 801.3 875.3 1,061.9 1,236.4 1,155.5 930.2 1,244.7 1,039.4 933.2 953.4 1,452.5 1,276.1 1,133.4 780.6 1,348.1 1,254.9 1,017.6 1,076.2
Short-Term Debt 1,931.1 2,042.7 1,944.3 1,673.1 0.7 0.6 1,446.4 2,367.7 1,889.7 1,934.7 1,298.8 1,357.6 704.7 1,250.5 1,264.2 1,787.9 3,261.5 3,353.3 3,615 3,484.9 2,337.1 3,409.4 3,238.1 3,198.4 1,487.7 1,457.6 554.5 700.2 655.3 657.1 1,147.1 1,367.2 2,620.7 1,795.7 722.8 964.3 258.2 269.7 4,333 557.2 1,136.3
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,564.6 1,351.4 1,290.2 1,216.9 1,329.5 1,225.7 1,351.4 1,506 1,823.7 1,882.1 1,797.2 1,980.2 1,978.9 1,201.3 1,081.5
Other Current Liabilities 3,129.8 2,877.5 1,022.9 1,320.5 1,169.7 1,340.5 1,406.4 1,043.5 1,269.9 1,406.7 1,048.8 1,033.5 1,039.2 1,238.1 1,569 1,670.1 1,855.7 1,410.4 1,735.6 1,806 2,144.9 2,224.8 680 847.8 769.2 832.8 2,359 2,270.9 2,180.7 2,286.3 2,623.1 2,230.6 2,489.6 2,619.6 1,161.4 2,716.9 3,158.6 2,915.4 3,536.4 998.5 665.4
Total Current Liabilities 6,810.3 7,094.3 7,364.1 7,133.4 5,720.1 5,779.4 7,512.4 7,709.2 7,759.9 7,777.4 6,834 6,523.8 6,108.1 6,746.2 6,521.4 7,681.2 9,642.9 9,884.4 10,103.9 10,132.6 9,978.1 10,562.9 7,275.4 6,971.3 5,228.2 5,569.1 4,645 4,560.3 4,157.6 4,587.8 5,182 4,863.2 6,386.8 6,385.3 4,984 5,169.7 4,524.2 5,040.7 9,554 3,774.6 3,959.4
Non-Current Liabilities
Long-Term Debt 12,413.5 12,480.6 12,487.6 12,791.6 14,177.5 14,038.9 14,303.4 14,731.2 16,072.5 16,188.1 17,076.9 17,246 18,069.4 18,015.2 18,724.5 19,206.4 18,762.5 19,717.1 19,854.3 20,917 22,102.2 22,429.2 9,101.5 8,994.4 11,197.8 11,214.3 12,460.5 12,590.1 13,086.9 13,161.2 13,291.4 13,320 12,451.4 12,865.3 13,992.4 14,025.6 14,700.8 15,202.9 11,328.6 12,772.8 6,325.7
Deferred Tax Liabilities 870.6 892 1,028.2 1,080.8 1,082.5 1,107.9 1,276.6 1,573.8 1,671.9 1,735.7 2,319 2,407.8 2,465 2,432 2,489.3 2,617.9 2,729.5 2,815 2,918 3,485.7 3,014.6 3,123.7 1,417.4 1,542.2 1,538.2 1,627.5 1,557 1,635.1 1,643.2 1,722 1,764.4 1,824.4 2,042.4 2,012.4 2,138.4 2,111.6 2,019.1 2,006.4 2,189.6 0 0
Other Non-Current Liabilities 2,082.5 1,836.8 1,651.5 1,653.2 1,667.3 1,759.9 1,681.2 1,603.9 1,668.9 1,351.5 1,486.6 1,507.4 1,546.6 1,575.1 1,565.8 1,622 1,692.6 1,732.7 1,839.2 2,033.3 2,252.4 2,253.6 744 742.1 754.9 785.1 746.3 957.7 973 1,096.8 1,151.6 1,055.2 1,127.2 1,235.7 1,412.5 1,366.4 1,372.5 1,358.6 1,637.5 1,957.6 2,084.1
Total Non-Current Liabilities 15,366.6 15,387.5 15,338.7 15,707.6 17,104.4 17,086 17,449.3 18,100.8 19,569.5 19,440.7 21,043 21,328.1 22,254.2 22,203.7 22,958.9 23,638.5 23,376.3 24,465.7 24,825.2 26,644.6 27,586.4 28,036 11,419.8 11,437.9 13,655 13,802.6 14,945.1 15,353.8 15,857.4 15,980 16,207.4 16,199.6 15,621 16,113.4 17,543.3 17,503.6 18,092.4 18,567.9 15,155.7 14,730.4 8,409.8
Total Liabilities 22,176.9 22,481.8 22,702.8 22,841 22,824.5 22,865.4 24,961.7 25,810 27,329.4 27,218.1 27,877 27,851.9 28,362.3 28,949.9 29,480.3 31,319.7 33,019.2 34,350.1 34,929.1 36,777.2 37,564.5 38,598.9 18,695.2 18,409.2 18,883.2 19,371.7 19,590.1 19,914.1 20,015 20,567.8 21,389.4 21,062.8 22,007.8 22,498.7 22,527.3 22,673.3 22,616.6 23,608.6 24,709.7 18,505 12,369.2
Stockholders' Equity
Common Stock 12.6 12.5 12.5 12.5 12.4 12.3 12.3 12.3 12.3 12.2 12.2 12.2 12.2 12.1 12.1 12.1 12.1 12.1 12.1 12.1 12.1 12.1 6.1 6.1 6.1 6.1 6.1 6.1 6 6 6 6 6 6 6 6 6 6 6 5.7 5.5
Retained Earnings (211.9) (388.3) (48.2) 80 227.9 3,418.8 4,082 4,133.9 4,607.5 4,639.7 5,553 5,369.1 5,252.5 5,175.6 4,312.5 4,106.8 3,941.5 3,688.8 4,087 3,909.9 4,323.6 5,361.2 6,277 6,091.5 6,051.9 6,031.1 6,010.6 5,820.8 5,989.3 6,010.7 5,965.8 5,789.1 5,751.6 5,644.5 5,393.8 5,305.5 5,008.5 4,942.1 4,524.6 4,644.4 4,476
Accumulated Other Comprehensive Income (2,799.8) (2,707) (2,713.2) (2,664.4) (2,870.9) (3,212.9) (2,686.3) (2,975.2) (2,941) (2,747.4) (3,208.5) (3,005.6) (2,764.6) (2,761.2) (3,759.1) (2,899.2) (2,061) (1,744.3) (1,471.9) (1,205) (1,385.6) (858) (1,423.8) (2,024.9) (2,453.5) (1,797.2) (2,191.2) (1,541.7) (1,710.5) (1,441.3) (1,490.9) (1,199.3) (191.5) (361.2) (611.2) (955.6) (1,813) (2,263.7) (1,120.4) (1,431.3) (1,290.5)
Total Stockholders' Equity 14,657.7 14,711.3 15,217.6 15,570.5 15,650.4 18,635.5 19,792.4 19,520 20,014.3 20,467.4 20,865.6 20,843.3 20,927.9 21,072.3 19,182.3 19,805.4 20,447.7 20,492.7 21,141.3 21,206.9 21,414.7 22,954.1 12,547.9 11,746.2 11,262.7 11,883.8 11,463.4 11,902.8 11,891.6 12,167.1 12,066.2 12,208.7 13,176.7 13,307.6 13,291.6 12,832.9 11,656 11,116.2 11,827.3 10,329.9 10,273.4
Total Liabilities & Equity 36,834.6 37,193.1 37,920.4 38,411.5 38,474.9 41,500.9 44,754.1 45,330 47,343.7 47,685.5 48,742.6 48,695.2 49,290.2 50,022.2 48,662.6 51,125.1 53,466.9 54,842.8 56,070.4 57,984.1 58,979.2 61,553 31,243.1 30,155.4 30,145.9 31,255.5 31,053.5 31,816.9 31,906.6 32,734.9 33,455.6 33,271.5 35,184.5 35,806.3 35,818.9 35,506.2 34,272.6 34,726.2 36,538.5 28,836.3 22,644.1
Debt Metrics
Total Debt 14,344.6 14,701.4 14,715.2 14,758.3 14,458.5 14,305.9 16,022.1 17,379.2 18,210.2 18,371.2 18,624.6 18,855.8 19,030.8 19,527.7 20,253.2 21,269.9 22,305.6 23,358 23,771.9 24,700 24,748.4 26,161 12,565 12,420.2 12,920.1 12,924.3 13,015 13,290.3 13,742.2 13,818.3 14,438.5 14,687.2 15,072.1 14,661 14,715.2 14,989.9 14,959 15,472.6 15,663.3 13,330 7,462
Net Debt 12,540.4 13,353.4 13,739.9 14,191.9 13,703.5 13,571.1 14,143.4 16,462 17,195.6 17,379.3 17,315 18,226.6 18,524.2 18,267.8 19,606.5 20,605.2 21,553.2 22,656.8 23,015.3 24,026.1 23,941.5 25,316.6 11,900.5 12,096.6 12,347.7 12,448.7 12,656.1 13,078.8 13,512.4 13,430.2 13,989.3 14,357 14,704.7 14,368.9 14,100.3 14,377.1 14,235.2 14,473.8 14,406.7 6,968.1 6,262.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 176.4 (340.1) (128.2) (4.6) (3,042) (516.5) 94.8 (326.4) 113.9 (765.6) 331.6 264 224.7 1,011.2 354.3 313.9 399.2 (263.8) 311.5 (279.2) (1,037.6) (915.8) 185.7 39.4 20.8 20.5 189.8 (168.5) (25) 51.2 176.7 37.5 87.1 244.3 88.3 297 66.4 417.5 (119.8) 168.4 13.9
Depreciation & Amortization 676.1 766.8 688.5 678.3 664.7 746.2 669.7 786.3 691 644.4 679.4 686.7 730 869.8 699.5 722.3 736 749.8 1,017.1 1,317.1 1,422.5 632.5 432.3 415.7 415 438.9 467.8 461 471 475.1 485.1 459.9 468.5 461.4 430.1 421.2 415.5 408.3 445.9 339.2 297.1
Stock-Based Compensation 0 49.4 36 37.1 55.2 32.3 32.4 34.7 46.7 55.8 43.1 39.2 42.6 29.6 29.1 29.4 28.3 22.5 25 31 32.7 0 15.1 15.3 19.4 0 16.1 16.8 18 0 (27.1) 0 21.4 10.5 22.2 18.9 23.1 17.8 19.2 25.4 26.5
Change in Working Capital (702.9) (1,426.1) 126 (982.3) (221.9) 154.7 138.7 (214.6) (186.8) (276.8) 8.3 (411.4) (31.4) (401.2) (377.1) (129.2) (15.1) (339.5) (524.9) (1,009.1) 68.7 (328.3) (74.2) (120.4) (173.4) (82.7) (170.8) (51.1) (59.8) (302.7) (22.7) (229.8) 169.8 (507.5) (289.3) (104.3) 189.1 (768.1) 223.7 (124.5) (265.8)
Other Non-Cash Items 308.4 2,014 159.8 538.7 3,123.1 314.9 203.3 253.5 1.7 1,028.8 (142.2) 14.8 32 (1,520.4) 185.1 (29.1) 42.9 407 109.9 206.4 74.1 650.6 56.8 105.3 53.2 344.6 (15.1) 410.7 (443.9) 412.5 41.6 162.6 (125) 286.8 297.3 (65) (241.2) 274 631.6 8.1 8.8
Operating Cash Flow 388.3 815.8 744.9 219.7 535.5 482.7 826.5 379.1 614.6 479.4 835.2 525.1 971.2 142.6 869 802.5 1,138.5 523.1 1,085.6 559.4 848.8 36.2 525 379.5 291.1 686.7 487.8 668.9 (39.7) 636.1 653.6 430.2 621.8 495.5 548.6 567.8 452.9 349.5 1,200.6 416.6 80.5
Investing Activities
Capital Expenditure (39.9) (265.3) (99.7) (54.1) (76.4) (153.4) (85.4) (58.8) (50.8) (200.9) (103.2) (99.2) (82.5) (165.9) (115.7) (89.5) (71.9) (221.4) (131.9) (89.3) (53.2) (116.9) (38.2) (53.8) (43.4) (73.6) (42.4) (44.1) (53.1) (114.7) (61.5) (45.2) (30.7) (119.5) (47.1) (50.9) (58.4) (150.9) (118.5) (69.2) (51.8)
Acquisitions 1.6 0 0 0 0 (2.6) 0 437.8 (350) 364.7 0 0 (667.7) 0 0 0 0 0 0 86.4 277 435.8 0.8 0 0.4 3.7 (141.6) (0.2) (7.1) 241.2 (243.8) 0 (63.3) (95.4) 0 0 (71.6) (330.2) (5,516.4) (943.3) 0
Purchases of Investments (7.5) (5.8) (7.2) (6.3) (4.6) (4.3) (8.4) (5.6) (7.7) (5.4) (4.3) (7.6) (9) (6.9) (10.1) (4.6) (8.6) (3.9) (6.8) (7.2) (12.3) (8.7) (5.9) (36.6) (53.6) (6.3) (6.8) (4.9) (7.8) (14) (5) (36.9) (7.5) (87.6) (2.7) (3.9) (2.3) (7.4) (5.5) 0 0
Sales/Maturities of Investments 407.5 5.8 7.2 6.3 4.6 4.3 8.4 5.6 7.7 5.4 4.3 7.6 9 6.9 10.2 4.3 8.5 3.8 6.8 6.9 12.3 8.4 5.5 15 18.1 8 6.6 4.9 7.6 13.1 6.8 50.3 15 87.7 2.7 (8.8) 15 5.7 4.9 0 0
Other Investing Activities (2.3) 54.1 0.8 1.6 11.3 (12.7) 1,833.3 (3.2) 246.5 (48) 48.3 12.4 0.7 1,950.4 0.6 7.7 5.1 2.4 13.7 0 12.5 97.3 (20.9) 0.9 (67.1) 146.5 7.1 (114.3) (15.4) (302.1) 3.2 (258.6) (334.9) (5.8) (79.8) (401.1) (46.8) (58) (145.4) (128.8) (108.2)
Investing Cash Flow 277.4 (211.2) (98.9) (52.5) (65.1) (168.7) 1,747.9 375.8 (154.3) 115.8 (54.9) (86.8) (749.5) 1,784.5 (115) (82.1) (66.9) (219.1) (118.2) (16.8) 236.3 (22.3) (58.7) (74.5) (145.6) (114.5) (176.9) (158.4) (75.6) (175.6) (302.1) (303.8) (428.9) (220.7) (126.9) (452) (176.8) (539.1) (5,780.3) (1,141.3) (160)
Financing Activities
Net Debt Issuance 0 0 0.3 0 1.4 (1,375.8) (1,536.2) (801.7) 0 (500.2) (22.9) (181.5) (545.5) (1,200.9) (614.1) (627.2) (837.9) (214.6) (733.6) (87.2) (1,063.9) 153.9 (0.2) (555.9) 0.1 (450.6) (127.5) (549.9) (1.6) (565.5) (224.4) (151.9) 309.5 (165.1) (426.2) (246) (567.6) (4.7) (532.1) 5,968.4 65.1
Stock Repurchased 0 (85.1) (65) (175) (175.4) 0 0 0 (250) 0 0 0 (250) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.2) (7.1) 0 0 0 (432) (500.2) 0 (1.3) (6.1) 0 (0.2) (5.8) (6.9)
Dividends Paid (139.6) (138.2) (139.9) (139.8) (143.3) (143.3) (143.2) (145.5) (142.8) (144) (143.9) (143.9) (143.8) (145.5) (145.5) (145.5) (145.1) (133) (133) (133) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (64.7) (13.7) (24.2) (48.3) (150.3) 98.3 42.1 98.6 (33.4) (282.5) 68.4 21.1 (36.3) 15 (0.9) (7.6) (26) (1.6) (10.9) (473.1) (35.9) (4.8) (145.5) (28.4) (25.5) (13.9) (5.1) 19.3 (38.5) (10.7) (2.3) (19.5) 10 26.1 3.1 (9.1) (8.1) (42.8) 1.1 (78.5) (34.6)
Financing Cash Flow (203.8) (236.4) (228.1) (362.4) (467) (1,420.2) (1,636.7) (847.9) (425.6) (926.1) (97.6) (303.5) (974.7) (1,330.6) (758.7) (779.6) (1,009) (349.2) (877.5) (685.5) (1,099.8) 149.1 (145.7) (584.3) (24.8) (464.4) (132.7) (531.8) (40.1) (576.2) (224.8) (168.5) (121.4) (639.2) (423.1) (255.1) (575.7) (44.8) (531) 5,889.9 30.5
Cash Position
Net Change in Cash 456.2 344.5 435.7 (188.5) 20.2 (1,144) 961.6 (97.4) 22.3 (318.2) 680.4 120.7 (751.8) 612.1 (19) (88) 51.2 (55.5) 82.6 (134) (36.9) 182.9 342.4 (263.2) 96.8 116.7 161.7 (18.2) (158.4) (113.8) 118.9 (60.9) 75.2 (380.9) 2 (110.8) (139.2) (257.8) (5,105.3) 5,162.5 (36.6)
Cash at Beginning 1,348 1,003.5 567.8 756.3 736.1 1,880.1 918.5 1,015.9 993.6 1,311.8 631.4 510.7 1,262.5 650.4 669.4 757.4 706.2 761.7 679.1 813.1 850 667.1 324.7 587.9 491.1 374.4 212.7 230.9 389.3 503.1 384.2 445.1 369.9 750.8 748.8 859.6 998.8 1,256.6 6,361.9 1,199.4 1,236
Cash at End 1,804.2 1,348 1,003.5 567.8 756.3 736.1 1,880.1 918.5 1,015.9 993.6 1,311.8 631.4 510.7 1,262.5 650.4 669.4 757.4 706.2 761.7 679.1 813.1 850 667.1 324.7 587.9 491.1 374.4 212.7 230.9 389.3 503.1 384.2 445.1 369.9 750.8 748.8 859.6 998.8 1,256.6 6,361.9 1,199.4
Free Cash Flow 348.4 550.5 645.2 165.6 459.1 329.3 741.1 320.3 563.8 278.5 732 425.9 888.7 (23.3) 753.3 713 1,066.6 301.7 953.7 470.1 795.6 (80.7) 486.8 325.7 247.7 613.1 445.4 624.8 (92.8) 521.4 592.1 385 591.1 376 501.5 516.9 394.5 198.6 1,082.1 347.4 28.7
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
Income Statement
Revenue 3,517 3,703.6 3,759.9 3,582.1 3,254.3 3,528.1 3,751.2 3,796.6 3,663.4 3,837.3 3,941.9 3,918.6 3,729.1 3,876 4,078.2 4,116.8 4,191.7 4,341.6 4,536.6 4,577.8 4,430.3 3,623.5 2,972.1 2,731.2 2,619.2 3,191.8 2,961.7 2,851.5 2,495.5 3,078.7 2,862.4 2,808.3 2,684.5 3,238.9 2,987.1 2,962.2 2,719.5 3,267.8 3,057.1 2,560.7 2,191.3 2,490.7 2,695.2 2,371.7 1,871.7 2,082.7 2,084 1,837.3 1,715.6 1,808.5 1,767.4
Gross Profit 1,157.2 1,134.5 1,384.9 1,332.9 1,161.2 1,215 1,459.2 1,445.4 1,504 1,596.5 1,691.3 1,608.6 1,542.2 1,274.1 1,748.4 1,703.3 1,771.2 1,546.4 1,574.1 1,327.7 1,127.3 706.4 1,158.5 1,025.7 906.1 1,087.4 1,072.4 932.6 805.2 1,015.6 1,039.2 962.5 984.3 1,294.6 1,178.1 1,225.4 1,085 1,335 1,283.3 1,171.7 907 1,062.6 1,315.3 1,008.1 830.1 969 1,012.4 808.8 737.8 796.0 808.5
Operating Income (79.7) (265.5) 251.6 233 (2,882.2) (179.8) 225.9 (239.9) 203.9 (454.5) 451.7 369.2 399.8 (201.3) 560.1 548.7 707.4 (77.6) 357.6 (47.8) (266.2) (881.1) 351.4 134.2 184.7 272.3 323.7 95.5 24 232.8 338.2 178.9 155.7 420.5 316.5 473.8 227.7 315.8 (130.7) 410.9 105.6 423.9 601.1 276.6 159.3 392.5 495 226.1 239 273.2 339.8
Net Income 176.4 (340.1) (128.2) (4.6) (3,042) (516.5) 94.8 (326.4) 113.9 (765.6) 331.6 264 224.7 1,011.2 354.3 313.9 399.2 (263.8) 311.5 (279.2) (1,037.6) (915.8) 185.7 39.4 20.8 20.5 189.8 (168.5) (25) 51.2 176.7 37.5 87.1 244.3 88.3 297 66.4 417.5 (119.8) 168.4 13.9 194.6 428.6 167.8 56.6 189.2 499.1 125.2 115.9 180.2 158.9
EPS (Diluted) 0.15 -0.30 -0.11 -0.00 -2.55 -0.43 0.08 -0.27 0.09 -0.64 0.27 0.22 0.19 0.83 0.29 0.26 0.33 -0.22 0.26 -0.23 -0.86 -1.07 0.36 0.08 0.04 0.04 0.37 -0.33 -0.05 0.10 0.34 0.07 0.17 0.46 0.16 0.55 0.12 0.78 -0.23 0.33 0.03 0.38 0.83 0.32 0.13 0.47 1.26 0.32 0.29 0.45 0.40
Balance Sheet
Cash & Equivalents 1,804.2 1,348 975.3 566.4 755 734.8 1,878.7 917.2 1,014.6 991.9 1,309.6 629.2 506.6 1,259.9 646.7 664.7 752.4 701.2 756.6 673.9 806.9 844.4 664.5 323.6 572.4 475.6 358.9 211.5 229.8 388.1 449.2 330.2 367.4 292.1 614.9 612.8 723.8 998.8 1,256.6 6,361.9 1,199.4
Total Assets 36,834.6 37,193.1 37,920.4 38,411.5 38,474.9 41,500.9 44,754.1 45,330 47,343.7 47,685.5 48,742.6 48,695.2 49,290.2 50,022.2 48,662.6 51,125.1 53,466.9 54,842.8 56,070.4 57,984.1 58,979.2 61,553 31,243.1 30,155.4 30,145.9 31,255.5 31,053.5 31,816.9 31,906.6 32,734.9 33,455.6 33,271.5 35,184.5 35,806.3 35,818.9 35,506.2 34,272.6 34,726.2 36,538.5 28,836.3 22,644.1
Total Debt 14,344.6 14,701.4 14,715.2 14,758.3 14,458.5 14,305.9 16,022.1 17,379.2 18,210.2 18,371.2 18,624.6 18,855.8 19,030.8 19,527.7 20,253.2 21,269.9 22,305.6 23,358 23,771.9 24,700 24,748.4 26,161 12,565 12,420.2 12,920.1 12,924.3 13,015 13,290.3 13,742.2 13,818.3 14,438.5 14,687.2 15,072.1 14,661 14,715.2 14,989.9 14,959 15,472.6 15,663.3 13,330 7,462
Stockholders' Equity 14,657.7 14,711.3 15,217.6 15,570.5 15,650.4 18,635.5 19,792.4 19,520 20,014.3 20,467.4 20,865.6 20,843.3 20,927.9 21,072.3 19,182.3 19,805.4 20,447.7 20,492.7 21,141.3 21,206.9 21,414.7 22,954.1 12,547.9 11,746.2 11,262.7 11,883.8 11,463.4 11,902.8 11,891.6 12,167.1 12,066.2 12,208.7 13,176.7 13,307.6 13,291.6 12,832.9 11,656 11,116.2 11,827.3 10,329.9 10,273.4
Cash Flow
Operating Cash Flow 388.3 815.8 744.9 219.7 535.5 482.7 826.5 379.1 614.6 479.4 835.2 525.1 971.2 142.6 869 802.5 1,138.5 523.1 1,085.6 559.4 848.8 36.2 525 379.5 291.1 686.7 487.8 668.9 (39.7) 636.1 653.6 430.2 621.8 495.5 548.6 567.8 452.9 349.5 1,200.6 416.6 80.5
Capital Expenditure (39.9) (265.3) (99.7) (54.1) (76.4) (153.4) (85.4) (58.8) (50.8) (200.9) (103.2) (99.2) (82.5) (165.9) (115.7) (89.5) (71.9) (221.4) (131.9) (89.3) (53.2) (116.9) (38.2) (53.8) (43.4) (73.6) (42.4) (44.1) (53.1) (114.7) (61.5) (45.2) (30.7) (119.5) (47.1) (50.9) (58.4) (150.9) (118.5) (69.2) (51.8)
Free Cash Flow 348.4 550.5 645.2 165.6 459.1 329.3 741.1 320.3 563.8 278.5 732 425.9 888.7 (23.3) 753.3 713 1,066.6 301.7 953.7 470.1 795.6 (80.7) 486.8 325.7 247.7 613.1 445.4 624.8 (92.8) 521.4 592.1 385 591.1 376 501.5 516.9 394.5 198.6 1,082.1 347.4 28.7