Waters Corporation logo WAT - Waters Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 11
HOLD 20
SELL 3
STRONG
SELL
0
| PRICE TARGET: $402.75 DETAILS
HIGH: $480.00
LOW: $350.00
MEDIAN: $401.00
CONSENSUS: $402.75
UPSIDE: 18.93%
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 1,267 932.4 799.9 771.3 661.7 872.7 740.3 708.5 636.8 819.5 711.7 740.6 684.7 858.5 708.6 714.3 690.6 836.4 659.2 681.6 608.5 786.7 593.8 520.0 464.9 716.3 577.3 599.2 513.9 715.0 578.0 596.2 530.7 687.3 565.6 558.2 498.0 628.8 526.8 536.6 475.2 586.6 500.6 494.7 460.4 583.9 493.2 481.8 430.5 565.4 457.3 451.1 430.3 521.8 450.0 451.5 420.5 521.4 454.5 447.6 427.6 483.6 401.0 391.1 367.7 428.8 374.0 362.8 333.1 418.3 386.3 398.8 371.7 437.0 352.6 352.6 330.8 386.9 301.2 301.9 290.2 332.3 273.0 284.6 268.3 324.2 264.8 260.5 255.1 275.1 231.8 256.4 217.2 248.7 206.8 202.5 225.1 194.1 195.3 180.6
Cost of Revenue 672 374.9 327.8 321.4 276.7 348.5 301.7 288.2 261.8 318.4 291.4 301.1 284.4 348.2 307.1 307.2 285.7 351.0 271.1 280.3 254.1 320.6 262.3 213.1 210.6 299.1 241.1 249.5 221.0 286.9 241.1 243.1 221.4 270.5 235.9 229.6 211.1 251.6 218.3 220.4 201.2 237.9 206.8 208.7 189.2 233.1 202.2 201.9 187.7 229.0 191.6 188.3 174.6 208.4 182.7 179.3 167.3 204.2 180.3 176.1 169.8 189.3 163.0 155.1 145.9 170.1 153.1 144.2 127.5 172.1 158.5 175.2 155.5 182.0 153.7 152.2 143.2 162.4 127.2 126.0 120.6 134.0 115.5 117.1 111.8 130.1 111.0 106.2 107.5 113.1 95.5 151.1 76.0 89.3 75.5 73.3 74.6 70.3 71.8 60.5
Gross Profit 595 557.4 472.1 449.9 385.0 524.2 438.6 420.3 375.1 501.1 420.3 439.5 400.3 510.3 401.5 407.1 404.9 485.4 388.1 401.4 354.4 466.1 331.4 306.9 254.3 417.2 336.2 349.6 292.8 428.1 336.9 353.1 309.2 416.8 329.7 328.6 286.9 377.2 308.5 316.2 274.1 348.7 293.8 286.0 271.2 350.8 290.9 279.9 242.8 336.5 265.7 262.8 255.8 313.4 267.2 272.2 253.2 317.2 274.2 271.5 257.8 294.3 238.1 235.9 221.8 258.7 220.8 218.7 205.6 246.3 227.8 223.5 216.3 255.0 199.0 200.4 187.5 224.5 174.0 175.9 169.6 198.3 157.5 167.6 156.5 194.0 153.8 154.3 147.6 162.0 136.3 105.2 141.2 159.4 131.3 127.7 150.5 121.7 125.6 120.1
Operating Expenses
R&D Expenses 96 50.1 53.6 48.5 46.6 46.9 45.3 46.2 44.6 44.4 42.0 45.9 42.7 48.3 43.4 44.0 40.5 43.3 42.0 44.9 38.1 39.7 35.0 31.2 35.0 37.1 34.3 36.5 35.1 38.1 35.2 35.6 34.5 35.1 33.8 32.9 30.8 32.8 30.4 32.6 29.4 28.3 30.7 30.6 29.0 28.7 27.3 27.0 24.7 27.0 23.6 24.6 25.3 25.0 23.8 23.9 23.3 23.7 23.4 23.0 22.3 22.9 20.5 20.8 20.1 19.8 19.3 19.7 18.3 19.6 19.9 22.2 19.8 20.8 22.0 19.1 18.7 19.5 19.1 19.7 19.0 16.7 17.0 16.5 16.7 16.5 17.0 15.7 16.1 16.8 13.8 13.4 12.6 12.0 11.7 11.0 11.2 10.4 10.6 10.4
SG&A Expenses 394 196.7 214.2 201.3 174.9 173.3 169.1 173.2 174.5 180.4 186.7 187.0 182.0 174.3 164.4 161.9 157.5 173.0 152.5 158.2 143.2 153.1 135.4 117.4 147.7 141.2 126.0 133.2 134.3 142.9 127.0 136.6 130.4 148.8 135.2 130.1 130.7 130.2 123.9 129.6 129.4 128.7 124.7 122.7 119.8 131.9 122.2 131.9 126.6 130.7 120.6 123.1 118.7 119.1 115.3 122.7 117.1 126.2 121.2 125.4 117.1 120.5 111.3 106.9 106.7 110.0 102.7 109.6 99.2 101.5 107.5 111.9 105.8 102.0 105.6 102.2 93.9 95.8 87.4 89.0 85.5 81.6 76.6 82.9 80.6 80.9 72.0 75.8 71.4 67.2 68.7 20.2 80.0 69.7 67.2 65.9 65.2 59.7 61.1 60.4
Other Expenses 152 0 12.1 11.9 11.7 11.8 13.1 11.7 22.1 12.1 12.1 6.8 1.5 1.5 1.6 1.6 11.5 6.9 1.8 1.8 1.8 9.6 2.7 3.1 3.3 2.5 2.6 2.3 2.3 2.7 3.0 1.6 (0.0) 2.7 1.7 11.7 6.7 5.9 2.5 2.4 2.6 10.4 2.6 2.5 2.5 18.1 2.7 2.6 2.6 2.6 2.5 2.4 2.4 9.9 6.4 5.5 2.5 2.4 2.4 2.5 2.5 2.8 2.4 2.6 2.6 2.6 2.7 2.7 2.6 8.8 2.3 2.4 2.3 2.3 2.2 2.1 2.1 2.3 1.7 4.4 5.5 4.3 1.2 1.3 1.3 5.2 1.1 (16.1) 9.3 1.7 1.0 15.9 0.9 76.9 1.8 1.7 7.0 1.8 1.8 7.7
Operating Expenses 642 246.8 280.0 261.7 233.2 231.9 227.5 231.2 241.2 236.9 240.9 239.6 226.1 224.0 209.4 207.5 209.4 223.2 196.3 205.0 183.1 202.4 173.1 151.7 186.0 180.8 163.0 172.0 171.7 183.6 165.2 173.9 164.9 186.7 170.7 174.7 168.2 168.9 156.8 164.6 161.4 167.4 157.9 155.7 151.2 178.7 152.2 161.6 154.0 160.3 146.7 150.1 146.4 154.0 145.5 152.1 143.0 152.3 147.0 151.0 141.9 146.1 134.2 130.3 129.4 132.4 124.7 132.0 120.1 129.9 129.8 136.5 127.9 125.1 129.7 123.5 114.8 117.5 108.3 113.0 110.1 102.6 94.9 100.6 98.6 102.6 90.0 75.4 96.8 85.7 83.5 49.5 93.6 158.6 80.7 78.7 83.4 71.9 73.4 78.5
Operating Income
Operating Income (47) 310.6 192.1 188.2 151.7 292.3 211.1 189.1 133.8 264.2 179.4 199.9 174.2 286.3 192.0 199.6 195.5 262.2 191.8 196.4 171.3 263.7 158.4 155.1 68.3 236.4 173.2 177.7 121.2 244.5 171.7 179.2 144.4 230.2 159.0 153.9 118.7 208.3 151.7 151.6 112.7 181.3 135.8 130.3 120.0 172.0 138.7 118.4 88.8 176.2 119.1 112.7 109.4 159.4 121.7 120.1 110.2 164.9 127.3 120.6 115.9 148.2 103.8 105.6 92.4 126.3 96.1 86.7 85.5 116.3 98.0 87.0 88.4 129.9 69.2 76.9 72.8 107.0 65.7 62.9 59.5 95.7 62.7 67.0 57.9 91.4 63.8 78.9 50.8 76.3 52.8 55.8 47.6 0.8 50.6 49.0 67.1 49.8 52.3 41.7
Interest Expense 42 8.6 26.6 14.4 14.3 19.0 21.4 23.7 25.5 30.7 30.4 23.3 14.4 13.9 12.4 11.4 11.1 10.9 11.1 12.0 10.9 11.1 10.9 13.0 14.1 14.2 11.5 11.4 11.6 11.7 11.4 11.7 13.8 15.3 14.8 14.1 12.7 12.1 11.7 11.0 10.1 9.2 9.0 9.0 9.0 9.7 9.1 8.0 7.5 7.9 7.4 7.6 7.2 7.6 7.1 6.9 6.5 6.7 6.2 5.1 4.1 3.9 3.8 3.6 2.6 2.3 2.9 2.6 3.1 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
Interest Income 0 0 4.7 4.5 3.9 4.6 4.3 4.3 4.3 4.6 3.9 4.0 4.1 3.5 2.9 2.5 2.1 1.9 2.5 3.7 4.1 4.2 4.0 4.0 4.0 4.4 3.5 5.9 8.3 10.5 9.8 8.9 9.7 10.8 9.5 8.4 7.3 6.3 5.4 4.8 4.1 3.1 2.7 2.5 2.3 2.1 1.8 1.7 1.5 1.1 0.9 1.2 1.2 1.2 1.2 1.0 0.8 0.5 0.6 0.8 0.7 0.6 0.5 0.4 0.3 0.7 0.8 0.6 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 0 0 0 0 0 0
Profitability
EBITDA 106 325.3 249.4 243.7 206.5 344.6 262.6 240.4 188.9 316.4 231.4 242.4 210.8 320.7 228.0 237.9 230.4 297.0 226.9 242.8 216.1 302.6 192.2 189.4 101.1 263.6 202.9 212.0 153.7 235.1 207.6 213.4 183.0 268.8 194.4 191.6 149.2 238.8 181.4 181.1 140.2 207.5 160.3 155.4 144.9 193.7 169.9 140.9 110.6 198.7 140.6 131.7 128.9 178.2 143.6 137.2 125.6 181.7 144.5 138.7 132.8 165.8 119.6 121.3 107.7 141.8 110.6 101.8 100.8 129.1 111.7 112.1 102.1 143.5 82.9 90.0 85.7 118.7 78.9 77.6 74.7 106.2 73.6 78.1 68.9 103.3 74.2 88.6 60.6 79.6 61.6 72.6 57.2 10.3 58.3 57.1 74.1 58.0 58.8 49.4
EBIT (46) 272.8 196.8 192.0 157.2 296.0 215.1 193.1 140.4 268.3 183.6 203.5 179.6 289.4 195.8 203.7 197.8 263.2 193.8 209.4 184.7 268.3 161.4 158.4 71.9 238.6 176.2 183.2 128.9 209.5 180.7 186.3 154.4 241.0 168.6 162.2 126.2 214.7 157.2 156.4 116.7 184.4 138.6 132.8 122.3 174.1 140.5 120.1 90.2 177.3 120.0 112.3 110.6 160.6 122.9 121.2 111.0 165.4 127.9 121.4 116.6 148.7 104.3 106.0 92.7 127.1 96.9 87.3 86.4 116.3 98.0 87.0 88.4 129.9 69.2 76.9 72.8 107.9 66.1 65.9 63.8 95.7 62.7 67.0 57.9 91.4 63.6 78.9 50.9 71.0 52.8 63.2 47.6 0.8 50.6 49.0 67.1 49.8 52.3 41.7
Income Before Tax (88) 264.2 170.1 177.7 142.9 277.0 193.6 169.4 114.9 237.6 153.2 180.3 165.2 275.5 183.4 192.3 186.7 252.3 182.7 197.4 173.8 257.3 150.4 145.4 57.9 224.4 164.7 171.7 117.4 197.8 169.2 174.6 140.5 225.7 153.8 148.1 113.5 202.6 145.4 145.5 106.6 175.2 129.6 123.8 113.3 164.5 131.4 112.1 82.7 169.3 112.7 104.7 103.4 153.0 115.8 114.3 104.5 158.7 121.7 116.3 112.5 144.9 100.5 102.4 90.1 124.7 94.0 84.6 83.3 112.4 93.5 82.2 84.1 124.2 62.5 70.5 66.0 93.9 59.0 56.6 53.3 89.1 60.7 66.5 58.2 90.5 64.2 79.9 51.0 (2,923.5) 54.7 50.1 49.2 (5.2) 51.7 50.5 68.0 51.7 50.4 41.0
Income Tax Expense (16) 39.0 21.2 30.6 21.5 45.6 32.1 26.7 12.7 21.4 18.6 29.7 24.2 48.4 27.4 27.4 26.9 36.1 21.5 30.1 25.7 38.9 23.7 22.4 4.3 23.7 26.6 27.3 8.4 12.7 28.2 18.9 28.6 578.9 17.7 16.2 7.9 28.2 20.6 17.2 12.6 24.2 13.3 18.1 17.3 13.2 17.9 15.6 12.4 27.7 14.6 15.4 (17.7) (22.9) 16.7 16.6 15.8 21.5 20.5 16.3 18.0 18.3 5.8 17.5 14.6 20.6 18.1 14.7 9.9 13.1 22.0 (1.0) 15.6 25.2 9.2 10.6 10.0 14.1 8.7 8.9 9.2 13.5 35.0 12.4 11.6 19.0 12.3 20.1 10.2 18.1 12.6 9.9 11.3 (3.7) 12.4 12.1 17.7 13.4 13.1 10.6
Net Income (72) 225.2 148.9 147.1 121.4 231.4 161.5 142.7 102.2 216.2 134.6 150.6 140.9 227.1 156.0 164.9 159.8 216.2 161.2 167.3 148.1 218.3 126.8 122.9 53.6 200.7 138.1 144.4 109.0 185.2 141.0 155.7 112.0 (353.2) 136.1 131.8 105.6 174.4 124.9 128.2 94.1 151.1 116.3 105.7 96.1 151.3 113.5 96.5 70.3 141.6 98.0 89.3 121.1 175.9 99.1 97.7 88.7 137.1 101.3 100.1 94.5 126.6 94.7 84.9 75.5 104.1 75.9 69.9 73.3 99.4 71.5 83.1 68.5 98.9 53.3 59.9 55.9 79.9 50.4 47.8 44.2 75.6 25.7 54.1 46.6 71.5 51.9 59.8 40.8 58.4 42.1 40.2 37.9 (1.4) 39.3 38.4 39.5 38.2 37.3 30.3
Per Share Data
EPS (Basic) -0.87 3.78 2.50 2.47 2.04 3.90 2.72 2.41 1.73 3.66 2.28 2.56 2.38 3.83 2.61 2.74 2.64 3.55 2.63 2.71 2.38 3.51 2.04 1.98 0.86 3.15 2.09 2.09 1.52 2.48 1.84 2.00 1.42 -4.45 1.71 1.65 1.32 2.17 1.55 1.59 1.16 1.85 1.42 1.28 1.16 1.82 1.36 1.14 0.83 1.67 1.15 1.04 1.41 2.03 1.13 1.11 1.00 1.54 1.12 1.09 1.03 1.38 1.03 0.92 0.81 1.11 0.80 0.73 0.75 1.02 0.72 0.83 0.68 0.99 0.53 0.60 0.55 0.79 0.49 0.46 0.42 0.72 0.23 0.47 0.39 0.60 0.43 0.50 0.34 -24.48 0.34 0.32 0.29 -0.01 0.30 0.30 0.30 0.29 0.30 0.24
EPS (Diluted) -0.87 3.77 2.50 2.47 2.03 3.88 2.71 2.40 1.72 3.65 2.27 2.55 2.38 3.81 2.60 2.72 2.62 3.52 2.60 2.69 2.37 3.49 2.03 1.98 0.86 3.12 2.07 2.08 1.51 2.46 1.83 1.98 1.40 -4.44 1.69 1.63 1.31 2.15 1.53 1.57 1.15 1.83 1.40 1.27 1.15 1.80 1.34 1.13 0.82 1.65 1.14 1.03 1.39 2.00 1.12 1.09 0.98 1.52 1.10 1.07 1.01 1.36 1.02 0.90 0.79 1.09 0.79 0.72 0.75 1.01 0.71 0.82 0.67 0.97 0.52 0.59 0.54 0.77 0.49 0.46 0.42 0.71 0.22 0.46 0.38 0.59 0.42 0.49 0.33 -23.73 0.33 0.31 0.28 -0.01 0.29 0.28 0.29 0.27 0.28 0.23
Shares Outstanding 82.1 59.5 59.5 59.5 59.4 59.4 59.3 59.3 59.2 59.1 59.1 58.9 59.2 59.3 59.8 60.2 60.6 61.0 61.4 61.7 62.3 62.2 62.0 61.9 62.2 63.8 66.2 69.0 71.7 74.8 76.6 77.8 78.9 79.4 79.7 80.0 80.1 80.4 80.7 80.8 81.3 81.7 82.0 82.6 83.0 83.2 83.7 84.5 85.0 85.0 85.2 85.5 86.0 86.7 87.4 88.3 89.0 89.0 90.7 91.7 91.6 91.6 91.7 92.6 93.6 93.6 95.2 96.1 97.3 97.3 98.9 99.6 100.4 100.4 99.8 100.3 101.4 101.4 101.8 103.0 104.6 104.6 113.0 116.1 118.7 118.7 119.5 118.7 120.2 120.2 123.6 126.3 131.5 131.0 130.6 130.2 130.2 128.5 126.9 125.6
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 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
Current Assets
Cash & Cash Equivalents 462 587.8 459.1 367.2 382.9 324.4 330.5 326.4 337.3 395.1 336.4 329.7 486.1 480.5 443.6 418.9 480.1 501.2 524.7 460.1 683.8 436.7 374.9 339.0 390.1 335.7 404.6 588.0 685.0 796.3 689.4 742.2 716.5 642.3 603.8 567.3 584.4 505.6 430.2 463.4 416.4 310.9 297.0 341.1 358.4 388.2 591.3 420.0 408.6 356.8 283.0 271.6 263.3 235.8 164.2 134.5 89.2 75.5 23.2 2.5 2.2 3.8 4.3 2 1.8 5.5 3.6 1.6 2.6 3.1 10.1 2.4 2.8 0.6 2.1 0.8 1.8 3.2 24.7 26.5 15.3
Short-Term Investments 0 0 0 0 0 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 23.0 68.1 130.5 203.6 126.0 6.5 22.1 16.7 3.8 1.4 0 87.8 482.3 938.9 1,394.9 1,506.3 1,835.4 2,751.4 2,651.2 2,558.7 2,382.0 2,307.4 2,282.8 2,136.4 2,088.8 443.6 395.2 289.1 147.2 43.1 35.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,753 828.8 748.5 730.1 713.3 733.4 669.5 610.1 626.3 702.2 631.3 693.4 683.3 722.9 600.9 639.5 607.3 612.6 533.0 543.1 550.7 573.3 494.4 496.3 522.2 587.7 504.9 518.5 508.3 568.3 489.2 492.8 503.0 533.8 456.3 462.8 461.8 489.3 441.8 446.0 439.6 314.2 314.0 314.2 294.9 279.3 269.6 222.0 222.5 214.3 192.3 197.5 198.3 167.6 166.8 162.3 166.2 167.7 164.9 150.2 148.0 149.3 131.2 122.5 123.7 136.8 119.8 112.4 114.4 111 109.2 84.8 88 88.1 83.2 80 75.6 76.1 74.1 77.8 75.1
Inventory 1,496 572.4 572.9 540.8 511.5 477.3 519.0 522.9 538.6 516.2 544.4 536.8 499.4 455.7 442.2 409.9 381.9 356.1 388.8 348.8 328.0 304.3 326.9 344.0 344.0 320.6 368.8 351.6 333.3 291.6 313.6 299.6 299.6 270.3 297.9 287.1 280.0 262.7 303.2 286.4 287.0 191.8 189.2 178.7 196.3 190.9 191.1 132.8 132.4 128.8 122.9 124.9 111.6 125.3 115.0 107.5 96.2 87.3 86.1 83.0 87.3 80.4 86.7 80.2 77.5 80.3 82.9 81.5 79.5 87.4 105.6 49.3 48.9 47.4 51.5 53.3 40.4 41.5 45.9 46.8 45.4
Other Current Assets 353 158.6 138.6 144.1 132.2 133.1 127.7 143.3 139.8 138.5 121.5 120.3 104.0 103.9 87.9 95.2 92.9 90.9 81.2 83.1 79.5 80.3 73.2 73.4 67.7 67.1 65.6 74.6 68.9 68.1 83.7 83.1 84.1 72.3 69.4 71.3 70.2 70.4 76.4 73.8 78.8 51.4 53.9 49.2 61.3 61.4 42.3 17.7 15.7 15.5 18.5 64.3 63.3 82.1 18.8 16.9 20.4 13.3 18.0 17.6 16.9 13.8 31.4 29.8 29.4 29 17.6 16.8 16.4 11.6 10.6 8 8 7.9 3.7 4.2 3.2 6.5 5.9 12.2 12.3
Total Current Assets 4,064 2,147.6 1,919.2 1,782.1 1,739.9 1,669.1 1,647.7 1,603.7 1,643.0 1,752.9 1,634.5 1,681.2 1,773.7 1,763.9 1,575.6 1,564.3 1,585.2 1,628.9 1,658.1 1,638.5 1,767.9 1,401.0 1,291.7 1,269.4 1,327.8 1,312.5 1,343.9 1,620.4 2,077.8 2,663.2 2,970.8 3,124 3,438.6 4,270.1 4,078.5 3,947.2 3,778.4 3,635.4 3,534.4 3,405.9 3,310.6 1,311.9 1,249.2 1,172.4 1,058.3 963.0 1,129.5 792.4 779.2 718.4 616.8 658.2 657.9 610.8 464.9 421.2 372.0 343.8 292.2 253.3 254.4 249.2 253.6 234.5 232.4 251.6 223.9 212.3 212.9 213.1 235.5 144.5 147.7 144 140.5 138.3 121 127.3 150.6 163.3 148.1
Non-Current Assets
Property, Plant & Equipment 1,876 722.8 713.4 724.6 721.0 725.4 719.3 717.2 714.7 723.7 701.6 707.6 676.3 668.7 633.7 631.9 634.1 632.6 614.9 616.0 602.0 587.3 556.5 547.8 530.1 510.7 466.6 459.9 450.6 343.1 338.5 335.7 349.3 349.3 342.8 338.9 334.4 337.1 329.7 330.2 336.8 210.6 209.0 210.9 203.3 183.8 157.9 126.8 109.0 108.2 107.7 104.5 100.3 116.1 114.3 109.9 104.7 102.6 99.0 95.2 93.5 91.8 90.2 89.1 88.6 89 88.6 89.6 89.6 88.7 83.5 75 74.1 74.8 74.2 73.3 70.3 70.3 71 71.1 71.3
Goodwill 9,317 1,340.1 1,338.4 1,337.9 1,300.0 1,295.7 1,306.6 1,297.8 1,297.8 1,305.4 1,308.0 1,313.5 431.6 430.3 420.3 428.0 435.8 437.9 436.8 439.8 438.1 444.4 431.1 427.5 423.8 356.1 353.9 355.9 356.6 355.6 357.9 357.5 362.3 359.8 359.4 357.1 353.8 352.1 356.4 353.0 356.9 289.9 291.7 293.1 292.3 289.7 272.1 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
Intangible Assets 8,776 558.2 570.8 579.1 560.8 567.9 591.9 596.4 611.1 629.2 631.2 649.7 232.7 227.4 213.4 225.1 236.4 242.4 246.1 246.8 240.9 258.6 255.2 249.0 243.4 240.2 237.6 244.1 243.4 246.9 252.8 218.2 231.7 228.4 224.1 219.1 211.0 207.1 221.6 217.4 223.4 172.2 179.6 182.2 177.4 171.7 139.0 314.7 315.8 269.6 254.3 249.9 227.9 168.8 164.6 164.8 163.2 165.5 167.5 167.3 169.1 170.7 173.4 173.6 175.3 177.5 179 180.7 178.9 180.2 207.9 109.5 109.3 110.6 114.2 113.4 72.1 72.5 73.2 68 67.7
Long-Term Investments 0 0 0.1 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 498 307.8 320.7 294.1 269.9 295.7 246.2 233.9 242.4 215.7 221.8 196.2 192.5 191.1 227.1 191.2 149.7 153.1 160.1 162.4 162.6 148.6 144.9 154.6 141.5 137.5 159.2 142.6 121.2 118.7 123.1 122.4 107.5 116.7 158.2 134.4 133.1 130.4 134.6 141.5 140.7 51.8 51.8 49.4 71.3 66.3 83.7 36.9 40.4 34.8 30.7 26.7 29.0 93.9 81.3 80.3 78.1 80.5 90.8 75.2 75.3 74.6 58.7 60.1 59.6 59.6 62.8 68 68.4 70.1 38.6 36.8 35.4 36.1 34.9 36.9 32.4 29.7 35 36.4 36.9
Total Non-Current Assets 20,467 2,928.9 2,943.4 2,936.0 2,851.7 2,884.7 2,863.9 2,845.4 2,866.0 2,874.0 2,862.7 2,867.0 1,533.1 1,517.5 1,494.5 1,476.2 1,456.1 1,466.0 1,457.8 1,465.1 1,443.6 1,438.9 1,387.6 1,378.9 1,338.7 1,244.6 1,217.4 1,202.5 1,171.9 1,064.3 1,072.3 1,033.7 1,050.9 1,054.2 1,084.5 1,049.5 1,032.3 1,026.6 1,042.4 1,042.1 1,057.8 724.5 732.0 735.6 744.4 711.5 652.7 478.5 465.3 412.5 392.7 381.1 357.3 378.8 360.2 355.0 346.1 348.5 357.2 337.7 337.9 337.1 322.3 322.8 323.5 326.1 330.4 338.3 336.9 339 330 221.3 218.8 221.5 223.3 223.6 174.8 172.5 179.2 175.5 175.9
Total Assets 24,531 5,076.6 4,862.6 4,718.1 4,591.6 4,553.8 4,511.6 4,449.0 4,509.0 4,626.9 4,497.2 4,548.2 3,306.8 3,281.5 3,070.1 3,040.6 3,041.3 3,094.9 3,115.9 3,103.6 3,211.6 2,839.9 2,679.3 2,648.3 2,666.5 2,557.1 2,561.3 2,822.9 3,249.7 3,727.4 4,043.1 4,157.7 4,489.5 5,339.5 5,163.0 4,996.7 4,810.7 4,662.1 4,576.8 4,448.1 4,368.4 2,036.4 1,981.2 1,907.9 1,802.6 1,674.5 1,782.3 1,270.9 1,244.5 1,130.9 1,009.4 1,039.3 1,010.9 989.6 825.0 776.1 718.0 692.3 649.4 591.0 592.4 584.4 575.9 557.3 555.9 577.7 554.3 550.6 549.8 552.1 565.5 365.8 366.5 365.5 363.8 361.9 295.8 299.8 329.8 338.8 324
Current Liabilities
Account Payables 602 103.8 115.7 97.9 102.1 99.9 94.6 78.4 86.2 84.7 79.8 81.9 93.6 93.3 96.6 98.0 93.2 96.8 88.9 83.2 81.5 72.2 60.4 50.3 61.1 49.0 64.8 67.4 72.4 68.2 65.8 71.2 70.6 64.5 66.8 71.1 66.9 67.7 67.8 66.1 73.3 59.3 57.8 49.6 51.3 47.6 52.7 40.9 41.7 43.9 43.7 46.0 45.2 40.9 44.4 47.4 37.1 43.3 42.1 38.5 41.4 34.8 37.8 37.7 36.3 36.5 34.9 33.4 40.8 33.1 34.1 20.2 21.5 17.5 21.5 18.5 18.1 16.8 17.3 43.2 38.2
Short-Term Debt 360 460 460 260 100 0 0 0 50 50 50 50 50.0 50 50 50 0 0 0 0 100 150 150 150 50 100.4 100.1 100.3 100.3 0.2 0.3 0.5 0.4 100.3 225.4 225.2 225.3 125.3 125.2 125.3 125.5 56.9 12.4 131.8 130.8 88.1 410.5 294.5 235.4 121.3 115.8 96.1 7.5 1.1 1.1 2.2 2.3 4.9 3.9 10.5 15.0 14.2 3.8 5.6 6 4.3 7.1 7.3 8.9 7.4 5.5 2.5 2 1.7 1.3 1.3 1.3 1.9 9 8.6 6.3
Deferred Revenue 520 266.5 301.3 333.9 340.1 250.8 294.9 316.9 336.7 256.7 275.9 324.7 306.9 227.9 248.9 282.3 315.1 227.6 262.8 284.8 280.8 198.2 211.3 213.4 218.2 176.4 197.4 220.7 222.3 165.0 186.5 203.7 215.0 166.8 185.5 208.6 202.0 148.8 174.7 190.9 190.6 118.8 117.8 94.7 112.9 113.6 90.6 70.8 70.8 55.9 60.0 58.8 48.5 55.1 45.0 44.9 45.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 520 330.3 141.1 251.6 206.7 243.2 240.5 196.1 217.3 238.1 188.9 193.2 164.0 243.6 184.8 175.9 160.6 256.2 221.5 222.0 202.4 269.3 203.0 158.8 135.9 180.6 131.9 138.2 124.9 180.4 124.0 122.6 135.5 188.5 147.2 134.1 122.1 149.8 124.7 120.1 111.0 59.9 55.8 58.1 54.2 48.5 61.7 45.6 47.6 40.9 50.2 50.5 36.7 47.2 58.2 58.5 59.1 60.4 156.9 150.4 151.7 150.7 136.9 137.2 137.2 144.8 135.9 131.3 129.3 130.2 119.6 65.9 67.5 63.6 58.6 56.9 52.5 52.2 55 25.7 22.2
Total Current Liabilities 2,273 1,239.5 1,251.3 1,016.1 961.0 789.8 816.0 762.5 848.5 789.6 745.0 809.4 802.0 785.7 732.0 746.6 687.8 680.5 671.9 681.0 785.0 805.0 722.2 697.3 551.1 591.3 597.2 611.7 603.3 448.9 448.1 474.9 534.3 606.2 662.1 653.3 632.2 520.3 519.5 522.6 524.0 362.6 305.2 394.6 400.1 343.5 688.3 563.4 511.9 378.5 376.0 413.4 319.7 296.9 230.6 228.4 206.9 220.5 202.9 199.4 208.0 199.7 178.5 180.5 179.5 185.6 177.9 172 179 170.7 159.2 88.6 91 82.8 81.4 76.7 71.9 70.9 81.3 77.5 66.7
Non-Current Liabilities
Long-Term Debt 4,855 947.4 947.2 1,197.0 1,356.7 1,626.5 1,826.2 2,006.0 2,005.8 2,305.5 2,455.3 2,580.2 1,430.1 1,524.9 1,494.6 1,434.4 1,444.1 1,513.9 1,613.6 1,603.4 1,603.1 1,206.5 1,421.3 1,546.2 1,846.0 1,580.8 1,255.6 1,048.4 1,048.3 1,148.2 1,148.1 1,148.0 1,247.6 1,897.5 1,732.4 1,687.2 1,642.1 1,702.0 1,656.8 1,631.7 1,593.3 700 700 500 500 500 500 115 120 125 0 0 0 0 0 0 0 0 13.5 2.9 42.3 81.1 113 144.4 180.6 218.3 252.2 279.4 293 305.3 339.2 179.6 195 210.5 226.3 236.3 143.1 158.5 256.4 264.9 267.4
Deferred Tax Liabilities 1,568 0 30.9 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 74.0 72.5 72.6 78.7 77.1 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
Other Non-Current Liabilities 241 275.8 252.0 292.5 259.2 258.7 213.0 212.2 342.3 322.5 331.2 320.5 412.7 404.2 396.8 406.9 473.3 473.4 476.8 489.6 531.0 528.1 514.9 532.7 543.9 534.3 531.6 539.9 562.6 563.1 570.4 559.8 592.6 586.9 139.4 137.6 141.6 137.8 141.3 144.4 149.4 86.8 90.5 91.8 93.0 88.2 138.3 40.6 39.6 36.9 28.4 26.6 30.2 25.5 19.2 19.9 19.0 20.0 5.8 10.6 11.0 13.3 13.6 6.4 9.1 14.6 7.5 5.6 5.6 5.7 4.6 6.8 3.3 7.2 8.5 8.7 8.7 6.1 6 6.3 5.9
Total Non-Current Liabilities 6,966 1,275.8 1,280.6 1,542.1 1,668.2 1,935.5 2,092.5 2,274.5 2,404.0 2,686.9 2,846.6 2,967.6 1,905.0 1,991.2 1,952.8 1,901.9 1,978.5 2,046.9 2,148.8 2,154.4 2,195.6 1,802.8 1,998.7 2,142.7 2,453.5 2,182.0 1,848.6 1,655.0 1,678.7 1,711.2 1,718.5 1,707.7 1,840.2 2,484.4 1,871.7 1,824.8 1,783.7 1,839.8 1,798.1 1,776.1 1,742.7 860.9 863.0 664.4 671.8 665.3 638.3 155.6 159.6 161.9 28.4 26.6 30.2 25.5 19.2 19.9 19.0 20.0 19.3 13.5 53.3 94.4 126.6 150.8 189.7 232.9 259.7 285 298.6 311 343.8 186.4 198.3 217.7 234.8 245 151.8 164.6 262.4 271.2 273.3
Total Liabilities 9,239 2,515.3 2,531.9 2,558.3 2,629.2 2,725.3 2,908.5 3,037.1 3,252.4 3,476.5 3,591.7 3,777.0 2,707.0 2,777.0 2,684.8 2,648.4 2,666.3 2,727.4 2,820.7 2,835.4 2,980.6 2,607.8 2,720.9 2,840.0 3,004.5 2,773.3 2,445.8 2,266.7 2,282.0 2,160.2 2,166.6 2,182.7 2,374.6 3,105.7 2,533.9 2,478.1 2,415.9 2,360.1 2,317.6 2,298.7 2,266.7 1,223.4 1,168.2 1,059.0 1,071.9 1,008.8 1,326.6 718.9 671.6 540.4 404.4 439.9 345.6 322.4 249.8 248.3 225.9 240.6 222.1 213.0 261.3 292.2 305.1 331.3 369.2 418.5 437.6 457 477.6 481.7 503 275 289.3 300.5 316.2 321.7 223.7 235.5 343.7 348.7 340
Stockholders' Equity
Common Stock 2 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.5 1.5 1.5 1.5 1.5 1.5 1.4 1.4 1.4 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 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
Retained Earnings 10,359 10,431.3 10,206.1 10,057.1 9,910.0 9,788.7 9,557.3 9,395.8 9,253.0 9,150.8 8,934.6 8,800.1 8,649.5 8,508.6 8,281.5 8,125.5 7,960.7 7,800.8 7,584.6 7,423.4 7,256.1 7,108.0 6,889.7 6,762.9 6,640.0 6,587.4 6,386.7 6,248.6 6,104.2 5,995.2 5,810.1 5,669.0 5,513.4 5,405.4 5,758.6 5,622.4 5,490.6 5,385.1 5,210.7 5,085.8 4,957.6 2,397.2 2,312.2 2,236.7 2,056.7 1,986.8 1,492.0 779.1 719.4 678.5 583.7 541.6 507.6 467.4 361.3 323.1 283.8 245.4 205.9 167.6 130.4 100 58.7 30.2 1.3 (21.7) (53.8) (75.7) (95.9) (96.1) (101.8) (60.7) (75.5) (87.8) (103) (109.3) (77.2) (85.4) (74.7) (84) (88.3)
Accumulated Other Comprehensive Income (168) (125.5) (111.2) (116.8) (149.9) (155.3) (132.3) (148.2) (141.9) (134.1) (146.3) (128.8) (132.8) (141.6) (164.4) (141.4) (117.7) (111.9) (115.6) (111.2) (111.2) (117.9) (126.7) (126.9) (138.4) (119.5) (119.6) (115.1) (108.6) (118.0) (125.8) (132.9) (88.6) (110.1) (120.4) (147.8) (186.5) (216.3) (155.4) (156.9) (127.9) (36.1) (7.7) 15.6 8.9 (20.9) 61.5 43.2 52.0 45.4 17.8 2.8 4.4 4.9 (8.6) (17.6) (14.9) (8.2) (8.1) (8.3) (4.2) (4) (2) (49.9) (48.5) (45.4) (41.6) (37.3) (33.5) (30.1) (27.5) (24.5) (19.7) (19.7) (16.9) 0 0 0 0 0 0
Total Stockholders' Equity 15,292 2,561.2 2,330.7 2,159.8 1,962.4 1,828.5 1,603.1 1,412.0 1,256.5 1,150.3 905.5 771.2 599.8 504.5 385.2 392.1 374.9 367.6 295.2 268.3 231.0 232.1 (41.6) (191.7) (338.0) (216.3) 115.5 556.2 967.7 1,567.3 1,876.4 1,975.1 2,114.9 2,233.8 2,629.1 2,518.6 2,394.8 2,301.9 2,259.1 2,149.3 2,101.7 813.0 813.0 848.9 730.7 665.7 455.7 551.9 573.0 590.5 605.0 599.4 665.3 667.1 575.3 527.8 492.1 451.8 427.3 378.0 331.1 292.2 270.8 226 186.7 159.2 116.7 93.6 72.2 70.4 62.5 90.8 77.2 65 47.6 40.2 72.1 64.3 (13.9) (9.9) (16)
Total Liabilities & Equity 24,531 5,076.6 4,862.6 4,718.1 4,591.6 4,553.8 4,511.6 4,449.0 4,509.0 4,626.9 4,497.2 4,548.2 3,306.8 3,281.5 3,070.1 3,040.6 3,041.3 3,094.9 3,115.9 3,103.6 3,211.6 2,839.9 2,679.3 2,648.3 2,666.5 2,557.1 2,561.3 2,822.9 3,249.7 3,727.4 4,043.1 4,157.7 4,489.5 5,339.5 5,163.0 4,996.7 4,810.7 4,662.1 4,576.8 4,448.1 4,368.4 2,036.4 1,981.2 1,907.9 1,802.6 1,674.5 1,782.3 1,270.9 1,244.5 1,130.9 1,009.4 1,039.3 1,010.9 989.6 825.0 776.1 718.0 692.3 649.4 591.0 592.4 584.4 575.9 557.3 555.9 577.7 554.3 550.6 549.8 552.1 565.5 365.8 366.5 365.5 363.8 361.9 295.8 299.8 329.8 338.8 324
Debt Metrics
Total Debt 5,570 1,491.1 1,486.2 1,538.4 1,536.3 1,702.3 1,904.8 2,088.7 2,138.6 2,442.3 2,592.0 2,723.0 1,566.9 1,663.4 1,630.3 1,570.2 1,531.3 1,601.4 1,698.8 1,692.4 1,791.5 1,452.5 1,660.6 1,786.8 1,987.6 1,775.2 1,441.0 1,240.5 1,243.3 1,148.3 1,148.3 1,148.5 1,248.0 1,997.8 1,957.8 1,912.5 1,867.4 1,827.3 1,782.0 1,757.0 1,718.8 756.9 712.4 631.8 630.8 588.1 910.5 409.5 355.4 246.3 115.8 96.1 7.5 1.1 1.1 2.2 2.3 4.9 17.4 13.4 57.3 95.3 116.8 150 186.6 222.6 259.3 286.7 301.9 312.7 344.7 182.1 197 212.2 227.6 237.6 144.4 160.4 265.4 273.5 273.7
Net Debt 5,108 903.3 1,027.0 1,171.2 1,153.4 1,377.9 1,574.3 1,762.3 1,801.3 2,047.2 2,255.5 2,393.3 1,080.8 1,182.9 1,186.7 1,151.3 1,051.3 1,100.2 1,174.1 1,232.3 1,107.7 1,015.8 1,285.6 1,447.8 1,597.5 1,439.5 1,036.3 652.5 558.3 352.1 459.0 406.2 531.5 1,355.5 1,354.0 1,345.2 1,282.9 1,321.6 1,351.8 1,293.6 1,302.4 446.0 415.4 290.7 272.3 199.9 319.2 (10.5) (53.2) (110.5) (167.2) (175.5) (255.8) (234.6) (163.1) (132.3) (86.9) (70.6) (5.8) 11.0 55.0 91.5 112.5 148 184.8 217.1 255.7 285.1 299.3 309.6 334.6 179.7 194.2 211.6 225.5 236.8 142.6 157.2 240.7 247 258.4
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
Operating Activities
Net Income (72) 225.2 148.9 147.1 121.4 231.4 161.5 142.7 102.2 216.2 134.6 150.6 140.9 227.1 156.0 164.9 159.8 216.2 161.2 167.3 148.1 218.3 126.8 122.9 53.6 200.7 138.1 144.4 109.0 185.2 141.0 155.7 112.0 (353.2) 136.1 131.8 105.6 174.4 124.9 128.2 94.1 25.7 54.1 46.6 59.8 40.8 58.4 36.4 42.1 34.0 40.2 39.0 33.2 35.2 (1.4) 38.2 39.3 50.3 38.2 37.3 30.3 41.4 29 28.9 23 32.1 21.9 20.2 0.2 5.7 (41.1) 14.8 12.3 15.2 6.4 (9.9) 8.2 1.4 9.3 4.3 (0.9)
Depreciation & Amortization 306 52.5 52.7 51.6 49.4 48.6 47.5 47.2 48.5 48.1 47.8 38.9 31.2 31.3 32.2 34.2 32.7 33.8 33.2 33.4 31.4 44.3 30.9 31.0 29.2 25.0 26.7 28.9 24.8 25.6 27.0 27.2 28.6 27.8 25.8 29.5 22.9 24.1 24.3 24.6 23.4 11.0 11.1 11.1 9.7 9.7 8.6 7.4 8.8 9.0 9.4 8.8 9.6 9.4 9.5 8.6 7.9 7.0 8.2 6.6 7.7 9.4 6.9 6.3 7 7.3 7.4 7.1 6.6 6.6 5 4.8 4.7 4.9 4.6 4.3 4 3.8 4.5 4 4.2
Stock-Based Compensation 20 14.5 13.7 13.1 12.9 11.7 10.6 11.4 10.9 4.6 8.5 10.9 12.8 11.6 10.2 9.8 10.9 8.0 6.4 7.3 8.3 9.2 9.6 8.9 9.2 9.7 9.7 9.3 9.9 9.4 9.2 9.1 9.9 9.4 12.3 9.1 8.7 8.4 8.4 8.4 15.8 0 0 0 0 0 0 2.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (257) (145.0) 96.7 (170.3) 73.6 (52.6) (9.2) (146.4) 96.8 (37.2) (39.1) (180.9) 16.9 (71.3) (40.3) (151.9) (5.5) (40.0) (32.8) (64.9) 30.6 (4.2) 5.3 35.9 59.7 (43.4) (26.1) (55.6) 32.1 (38.6) (30.9) (91.2) 25.4 508.2 (20.0) 7.6 25.9 (32.5) (21.1) (1.1) 22.8 36.0 14.9 17.6 (11.5) 1.1 (6.1) (9.5) (53.2) (2.6) (5.0) 7.2 (6.4) 8.7 45.6 (4.3) 10.1 18.7 (26.6) 1.4 (2.9) (5.2) (11.3) (3.9) 5.1 5 2 (7.1) (6.6) 3.4 3.2 (1.6) 4.4 2.9 3.6 (6.4) 2.6 (10.5) 15.1 4.3 (0.1)
Other Non-Cash Items 0 17.3 (105.5) 0 0 0 0 0 0 (0.1) (0.7) 0 0 11.2 8.3 16.7 (4.2) (7.4) (3.1) (3.3) (2.8) 3.8 (1.9) (1.7) 2.5 (7.8) (0.2) (0.2) (1.4) (2.1) (3.3) 4.1 (1.1) (42.5) 2.2 17.3 5 2.4 (1.5) 2.5 7.3 3.4 2.6 5.4 14.0 4.6 9.6 6.9 7.2 4.0 11.2 1.0 18.6 0.3 11.8 (0.3) (3.5) (15.9) 11.7 3.5 0.1 (5.9) 10 9.5 (0.1) (2.6) 1.3 0.2 15.2 19.1 55 (0.1) 0.2 (4) (0.3) 19.7 (0.1) 7.3 (6.9) 2.1 4.3
Operating Cash Flow (3) 164.6 187.3 41.1 259.6 240.1 204.6 54.5 262.9 230.1 157.8 18.1 196.8 198.7 158.1 57.0 198.0 217.9 167.9 143.0 218.4 267.5 172.6 198.8 151.6 191.9 148.4 127.0 175.8 181.5 146.3 100.7 175.8 192.2 154.2 177.1 174.2 173.0 139.2 157.0 159.9 75.9 82.5 80.5 72.6 55.6 65.6 41.4 5.1 44.8 55.9 56.0 54.4 53.3 69.2 41.8 53.5 60.0 31.6 48.7 35.2 39.7 34.6 40.8 35.1 41.8 32.6 20.4 15.4 34.8 22.1 17.9 21.6 19 14.3 7.7 14.7 2 22 14.7 7.5
Investing Activities
Capital Expenditure (39) (39.0) (25.4) (22.6) (25.7) (52.1) (25.6) (36.1) (28.7) (41.6) (38.0) (46.6) (34.4) (62.2) (41.6) (39.3) (32.6) (44.7) (39.7) (44.4) (39.5) (47.0) (28.3) (45.9) (51.1) (53.6) (45.0) (39.5) (25.7) (31.9) (58.9) (20.8) (16.0) (30.2) (19.9) (22.6) (17.7) (22.7) (22.6) (25.0) (24.7) (11.9) (14.0) (12.7) (27.2) (8.8) (7.6) (6.8) (10.2) (10.0) (10.6) (7.3) (9.7) (10.4) (8.4) (11.1) (13.4) (12.4) (9.8) (6.7) (6.5) (8.9) (4.1) (4.2) (4.6) (4.2) (2.4) (6.6) (5) (169.9) (3.7) (3.4) (2.2) (3.4) (3.2) (1.8) (1.7) (1.5) 0.7 (3.5) (2)
Acquisitions 144 0 (0.1) (34.5) (0.5) 0 (0.4) 0 (1.1) 3.6 0.7 (1,285.9) 0 0 (0.6) (20.6) 6.8 (0.9) (0.9) 77.7 0 (6.2) (0.5) (3.4) (76.7) 0 0 0 0 129.4 31.5 0 3.2 (501.6) 0 5 7 0.0 (5.7) 0 0 0 0 0 0 (41.5) 0 (16.3) 0.5 (19.4) 5.9 0 0 (5.9) 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
Purchases of Investments (10) (6) 0 (0.8) 0 (0.9) (0.9) (0.9) (0.9) (0.1) (0.9) 0 (0.9) 0 (0.4) (1.7) (9.2) (0.9) (26.1) (92.5) (122.6) (5.7) (5.6) (13.3) (3.5) (3.0) (2.5) (4.8) (26.7) (97.9) (4.4) (343.3) (3.2) (101.5) (90.2) (731.4) (830.3) (473.0) (718.0) (519.5) (685.6) 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0.9 0.9 0.9 0.9 0.1 1.5 0 0.9 (8.9) 3.7 22.3 54.1 62.4 99.4 14.8 3.1 19.1 0.2 0.4 1.1 0 87.9 395.3 459.7 457.4 114.6 331.4 915.0 513.6 700.3 557.3 751.0 446.4 571.3 474.7 512.4 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
Other Investing Activities 0 2.8 0 (0.5) 0 (0.0) 0 0 0 0.1 (0.7) 0 0 8.9 0.6 20.6 (4.9) 0.9 0 (77.7) 0 2.3 0 0 0 0 0 0 26.7 (31.5) (31.5) 343.3 (3.2) (12) (700.3) (5) (7) 0 4 0 0 0 0 0 0 0 0 0 49.9 1.2 (5.9) 0 0 (14.5) 0 (2) (2.6) (3.3) (10.7) (1.4) (1.0) (1.2) (0.4) (1.1) (1.2) (1.3) (1.2) (1.1) (1.8) 158.9 (161.8) (1.3) (1.1) (1.2) (0.9) (84.3) 3.4 (3.2) (4.9) 1 (1.1)
Investing Cash Flow 95 (42.1) (25.5) (58.4) (26.2) (52.1) (26.1) (36.1) (29.7) (37.9) (37.4) (1,332.5) (34.4) (62.2) (38.4) (18.7) 19.0 16.8 32.7 (122.1) (159.0) (37.5) (34.2) (62.2) (130.2) (56.6) 40.4 351.0 434.0 425.6 51.3 310.5 895.8 (131.8) (110.1) (196.8) (97.0) (49.2) (171.0) (69.8) (197.8) (11.9) (14.0) (12.7) (27.2) (50.2) (7.6) (23.2) 40.2 (28.1) (10.6) (7.3) (9.7) (30.7) (8.4) (13.1) (15.9) (15.7) (20.5) (8.0) (7.5) (10.1) (4.5) (5.3) (5.8) (5.5) (3.6) (7.7) (6.8) (11) (165.5) (4.7) (3.3) (4.6) (4.1) (86.1) 1.7 (4.7) (4.2) (2.5) (3.1)
Financing Activities
Net Debt Issuance (195) 46.7 (3.0) (4.5) (170) (200) (180) (50) (300) (150.0) (125.0) 1,150.0 (95.0) 30 60 40 (70) (100) 5.1 (100) 350 (215) (125) (200) 214.6 325.3 209.8 0.0 0.1 (0.2) (0.2) (99.9) (749.9) 39.9 45.2 44.9 40.0 45.1 24.9 39.8 50.2 4.6 63.3 129.3 54.8 109.4 63.2 62.0 19.3 93.9 2.6 0.8 (2.8) 0.9 6.8 (7.6) 6.4 2.7 4.0 (43.8) (38.0) (21.5) (33.2) (36.6) (35.9) (36.8) (27.3) (15.2) (10.9) (32) 149.8 (15.2) (15.1) (15.1) (10.3) 76.5 (17.7) (105.2) (7.9) (0.6) (2.1)
Stock Repurchased (12) (0.1) (0.2) (0.4) (13.9) (0.1) (0.1) (0.2) (13.1) 0.2 (0.7) (0.2) (69.5) (148.9) (155.2) (151.8) (170.1) (156.2) (151.2) (168.2) (173.3) (0.1) (0.1) (0.1) (196.2) (559.6) (580.1) (576.5) (753.1) (498.5) (263.5) (270.8) (282.4) (86.8) (79.9) (76.7) (89.2) (83.8) (69.5) (76.9) (95.5) (194.6) (100.1) (148.5) (94.4) (80.6) (72.8) (84.3) (66.9) (100.6) (45.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (136.6) 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 0 0 0 0 0 0 0 (4.2) 0 0 0
Other Financing Activities (9) (48.4) (65.9) (0.6) 10.7 6.5 3.3 16.2 20.9 19.4 12.2 8.4 5.3 7.4 7.2 29.0 12.7 1.9 10.4 31.2 12.1 42.5 16.5 7.8 14.5 23.1 3.5 4.9 29.9 5.5 7.5 6.5 26.2 22.6 17.5 21.8 36.8 3.7 33.3 7.7 6.3 (1.5) 7.4 129.3 0 0 (5.3) 3.2 (3.2) 0 18.0 (70.2) 0.8 (0.8) (6.5) 6.5 0 0 0 0 0 (0.2) 0.1 0 0 0 0 0 0 1.1 0 0.8 0 0 0.2 0.3 0 86.2 (12) 0 0
Financing Cash Flow (213) 3.3 (66.3) (1.0) (173.2) (193.6) (176.9) (34.0) (292.2) (130.5) (113.5) 1,158.2 (159.2) (111.4) (88.0) (82.8) (227.4) (254.4) (135.7) (237.0) 188.8 (172.5) (108.6) (192.3) 32.9 (211.1) (366.8) (571.6) (723.1) (493.1) (256.2) (364.2) (1,006.1) (24.4) (17.2) (9.9) (12.4) (35.0) (1.9) (27.5) (37.4) (186.7) (27.6) (17.3) (29.8) 40.6 (3.4) (12.0) (43.5) (4.7) (22.1) (122.9) 2.1 4.2 2.2 (0.5) 9.0 8.2 9.5 (39.9) (29.2) (30.1) (27.9) (35.1) (32.5) (34.6) (25.9) (13.7) (9.4) (30.3) 150.9 (14.4) (15.1) (14.9) (9.5) 76.8 (17.7) (23.2) (19.9) (0.6) (2.1)
Cash Position
Net Change in Cash (126) 128.7 91.9 (15.7) 57.5 (6.1) 4.1 (10.9) (57.8) 58.7 6.7 (156.4) 5.5 36.9 24.7 (61.2) (21.2) (23.5) 64.6 (223.7) 247.1 61.8 35.9 (51.0) 54.3 (68.9) (183.3) (97.0) (111.3) 106.9 (52.8) 25.7 74.2 38.5 36.6 (17.2) 78.8 75.4 (33.2) 47.0 (71.3) (126.3) 28.3 47.8 11.4 51.8 68.7 5.1 11.5 8.3 27.5 (70.6) 55.6 24.0 62.6 29.7 45.3 52.3 20.7 0.2 (1.6) (0.5) 2.3 0.3 (3.7) 1.9 2.1 (1) (0.6) (6.8) 7.6 (0.3) 2.1 (1.4) 1.2 (1) (1.4) (25.6) (1.6) 11 2.7
Cash at Beginning 588 459.1 367.2 382.9 325.4 330.5 326.4 337.3 395.1 336.4 329.7 486.1 480.5 443.6 418.9 480.1 501.2 524.7 460.1 683.8 436.7 374.9 339.0 390.1 335.7 404.6 588.0 685.0 796.3 689.4 742.2 716.5 642.3 603.8 567.3 584.4 505.6 430.2 463.4 416.4 487.7 615.2 586.9 539.1 408.6 356.8 288.1 283.0 271.6 263.3 235.8 306.4 250.8 226.8 164.2 134.5 89.2 23.2 2.5 2.2 3.8 4.3 2 0 5.5 0 0 0 3.1 0 0 0 0.6 2 0 0 3.2 28.8 0 0 12.7
Cash at End 462 587.8 459.1 367.2 382.9 324.4 330.5 326.4 337.3 395.1 336.4 329.7 486.1 480.5 443.6 418.9 480.1 501.2 524.7 460.1 683.8 436.7 374.9 339.0 390.1 335.7 404.6 588.0 685.0 796.3 689.4 742.2 716.5 642.3 603.8 567.3 584.4 505.6 430.2 463.4 416.4 488.9 615.2 586.9 420.0 408.6 356.8 288.1 283.0 271.6 263.3 235.8 306.4 250.8 226.8 164.2 134.5 75.5 23.2 2.5 2.2 3.8 4.3 0.3 1.8 1.9 2.1 (1) 2.5 (6.8) 7.6 (0.3) 2.7 0.6 1.2 (1) 1.8 3.2 (1.6) 11 15.4
Free Cash Flow (42) 125.6 161.9 18.5 233.8 188.0 179.0 18.4 234.2 188.5 119.8 (28.5) 162.4 136.5 116.5 17.7 165.3 173.3 128.2 98.7 178.9 220.4 144.3 152.9 100.5 138.3 103.4 87.5 150.1 149.7 87.5 79.9 159.8 162.0 134.3 154.4 156.5 150.3 116.6 132.0 135.2 64.0 68.6 67.8 45.4 46.8 58.0 34.6 (5.1) 34.8 45.3 48.7 44.7 42.9 60.8 30.7 40.2 47.6 21.7 42.0 28.8 30.8 30.5 36.6 30.5 37.6 30.2 13.8 10.4 (135.1) 18.4 14.5 19.4 15.6 11.1 5.9 13 0.5 22.7 11.2 5.5
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 1,267 932.4 799.9 771.3 661.7 872.7 740.3 708.5 636.8 819.5 711.7 740.6 684.7 858.5 708.6 714.3 690.6 836.4 659.2 681.6 608.5 786.7 593.8 520.0 464.9 716.3 577.3 599.2 513.9 715.0 578.0 596.2 530.7 687.3 565.6 558.2 498.0 628.8 526.8 536.6 475.2 586.6 500.6 494.7 460.4 583.9 493.2 481.8 430.5 565.4 457.3 451.1 430.3 521.8 450.0 451.5 420.5 521.4 454.5 447.6 427.6 483.6 401.0 391.1 367.7 428.8 374.0 362.8 333.1 418.3 386.3 398.8 371.7 437.0 352.6 352.6 330.8 386.9 301.2 301.9 290.2 332.3 273.0 284.6 268.3 324.2 264.8 260.5 255.1 275.1 231.8 256.4 217.2 248.7 206.8 202.5 225.1 194.1 195.3 180.6
Gross Profit 595 557.4 472.1 449.9 385.0 524.2 438.6 420.3 375.1 501.1 420.3 439.5 400.3 510.3 401.5 407.1 404.9 485.4 388.1 401.4 354.4 466.1 331.4 306.9 254.3 417.2 336.2 349.6 292.8 428.1 336.9 353.1 309.2 416.8 329.7 328.6 286.9 377.2 308.5 316.2 274.1 348.7 293.8 286.0 271.2 350.8 290.9 279.9 242.8 336.5 265.7 262.8 255.8 313.4 267.2 272.2 253.2 317.2 274.2 271.5 257.8 294.3 238.1 235.9 221.8 258.7 220.8 218.7 205.6 246.3 227.8 223.5 216.3 255.0 199.0 200.4 187.5 224.5 174.0 175.9 169.6 198.3 157.5 167.6 156.5 194.0 153.8 154.3 147.6 162.0 136.3 105.2 141.2 159.4 131.3 127.7 150.5 121.7 125.6 120.1
Operating Income (47) 310.6 192.1 188.2 151.7 292.3 211.1 189.1 133.8 264.2 179.4 199.9 174.2 286.3 192.0 199.6 195.5 262.2 191.8 196.4 171.3 263.7 158.4 155.1 68.3 236.4 173.2 177.7 121.2 244.5 171.7 179.2 144.4 230.2 159.0 153.9 118.7 208.3 151.7 151.6 112.7 181.3 135.8 130.3 120.0 172.0 138.7 118.4 88.8 176.2 119.1 112.7 109.4 159.4 121.7 120.1 110.2 164.9 127.3 120.6 115.9 148.2 103.8 105.6 92.4 126.3 96.1 86.7 85.5 116.3 98.0 87.0 88.4 129.9 69.2 76.9 72.8 107.0 65.7 62.9 59.5 95.7 62.7 67.0 57.9 91.4 63.8 78.9 50.8 76.3 52.8 55.8 47.6 0.8 50.6 49.0 67.1 49.8 52.3 41.7
Net Income (72) 225.2 148.9 147.1 121.4 231.4 161.5 142.7 102.2 216.2 134.6 150.6 140.9 227.1 156.0 164.9 159.8 216.2 161.2 167.3 148.1 218.3 126.8 122.9 53.6 200.7 138.1 144.4 109.0 185.2 141.0 155.7 112.0 (353.2) 136.1 131.8 105.6 174.4 124.9 128.2 94.1 151.1 116.3 105.7 96.1 151.3 113.5 96.5 70.3 141.6 98.0 89.3 121.1 175.9 99.1 97.7 88.7 137.1 101.3 100.1 94.5 126.6 94.7 84.9 75.5 104.1 75.9 69.9 73.3 99.4 71.5 83.1 68.5 98.9 53.3 59.9 55.9 79.9 50.4 47.8 44.2 75.6 25.7 54.1 46.6 71.5 51.9 59.8 40.8 58.4 42.1 40.2 37.9 (1.4) 39.3 38.4 39.5 38.2 37.3 30.3
EPS (Diluted) -0.87 3.77 2.50 2.47 2.03 3.88 2.71 2.40 1.72 3.65 2.27 2.55 2.38 3.81 2.60 2.72 2.62 3.52 2.60 2.69 2.37 3.49 2.03 1.98 0.86 3.12 2.07 2.08 1.51 2.46 1.83 1.98 1.40 -4.44 1.69 1.63 1.31 2.15 1.53 1.57 1.15 1.83 1.40 1.27 1.15 1.80 1.34 1.13 0.82 1.65 1.14 1.03 1.39 2.00 1.12 1.09 0.98 1.52 1.10 1.07 1.01 1.36 1.02 0.90 0.79 1.09 0.79 0.72 0.75 1.01 0.71 0.82 0.67 0.97 0.52 0.59 0.54 0.77 0.49 0.46 0.42 0.71 0.22 0.46 0.38 0.59 0.42 0.49 0.33 -23.73 0.33 0.31 0.28 -0.01 0.29 0.28 0.29 0.27 0.28 0.23
Balance Sheet
Cash & Equivalents 462 587.8 459.1 367.2 382.9 324.4 330.5 326.4 337.3 395.1 336.4 329.7 486.1 480.5 443.6 418.9 480.1 501.2 524.7 460.1 683.8 436.7 374.9 339.0 390.1 335.7 404.6 588.0 685.0 796.3 689.4 742.2 716.5 642.3 603.8 567.3 584.4 505.6 430.2 463.4 416.4 310.9 297.0 341.1 358.4 388.2 591.3 420.0 408.6 356.8 283.0 271.6 263.3 235.8 164.2 134.5 89.2 75.5 23.2 2.5 2.2 3.8 4.3 2 1.8 5.5 3.6 1.6 2.6 3.1 10.1 2.4 2.8 0.6 2.1 0.8 1.8 3.2 24.7 26.5 15.3
Total Assets 24,531 5,076.6 4,862.6 4,718.1 4,591.6 4,553.8 4,511.6 4,449.0 4,509.0 4,626.9 4,497.2 4,548.2 3,306.8 3,281.5 3,070.1 3,040.6 3,041.3 3,094.9 3,115.9 3,103.6 3,211.6 2,839.9 2,679.3 2,648.3 2,666.5 2,557.1 2,561.3 2,822.9 3,249.7 3,727.4 4,043.1 4,157.7 4,489.5 5,339.5 5,163.0 4,996.7 4,810.7 4,662.1 4,576.8 4,448.1 4,368.4 2,036.4 1,981.2 1,907.9 1,802.6 1,674.5 1,782.3 1,270.9 1,244.5 1,130.9 1,009.4 1,039.3 1,010.9 989.6 825.0 776.1 718.0 692.3 649.4 591.0 592.4 584.4 575.9 557.3 555.9 577.7 554.3 550.6 549.8 552.1 565.5 365.8 366.5 365.5 363.8 361.9 295.8 299.8 329.8 338.8 324
Total Debt 5,570 1,491.1 1,486.2 1,538.4 1,536.3 1,702.3 1,904.8 2,088.7 2,138.6 2,442.3 2,592.0 2,723.0 1,566.9 1,663.4 1,630.3 1,570.2 1,531.3 1,601.4 1,698.8 1,692.4 1,791.5 1,452.5 1,660.6 1,786.8 1,987.6 1,775.2 1,441.0 1,240.5 1,243.3 1,148.3 1,148.3 1,148.5 1,248.0 1,997.8 1,957.8 1,912.5 1,867.4 1,827.3 1,782.0 1,757.0 1,718.8 756.9 712.4 631.8 630.8 588.1 910.5 409.5 355.4 246.3 115.8 96.1 7.5 1.1 1.1 2.2 2.3 4.9 17.4 13.4 57.3 95.3 116.8 150 186.6 222.6 259.3 286.7 301.9 312.7 344.7 182.1 197 212.2 227.6 237.6 144.4 160.4 265.4 273.5 273.7
Stockholders' Equity 15,292 2,561.2 2,330.7 2,159.8 1,962.4 1,828.5 1,603.1 1,412.0 1,256.5 1,150.3 905.5 771.2 599.8 504.5 385.2 392.1 374.9 367.6 295.2 268.3 231.0 232.1 (41.6) (191.7) (338.0) (216.3) 115.5 556.2 967.7 1,567.3 1,876.4 1,975.1 2,114.9 2,233.8 2,629.1 2,518.6 2,394.8 2,301.9 2,259.1 2,149.3 2,101.7 813.0 813.0 848.9 730.7 665.7 455.7 551.9 573.0 590.5 605.0 599.4 665.3 667.1 575.3 527.8 492.1 451.8 427.3 378.0 331.1 292.2 270.8 226 186.7 159.2 116.7 93.6 72.2 70.4 62.5 90.8 77.2 65 47.6 40.2 72.1 64.3 (13.9) (9.9) (16)
Cash Flow
Operating Cash Flow (3) 164.6 187.3 41.1 259.6 240.1 204.6 54.5 262.9 230.1 157.8 18.1 196.8 198.7 158.1 57.0 198.0 217.9 167.9 143.0 218.4 267.5 172.6 198.8 151.6 191.9 148.4 127.0 175.8 181.5 146.3 100.7 175.8 192.2 154.2 177.1 174.2 173.0 139.2 157.0 159.9 75.9 82.5 80.5 72.6 55.6 65.6 41.4 5.1 44.8 55.9 56.0 54.4 53.3 69.2 41.8 53.5 60.0 31.6 48.7 35.2 39.7 34.6 40.8 35.1 41.8 32.6 20.4 15.4 34.8 22.1 17.9 21.6 19 14.3 7.7 14.7 2 22 14.7 7.5
Capital Expenditure (39) (39.0) (25.4) (22.6) (25.7) (52.1) (25.6) (36.1) (28.7) (41.6) (38.0) (46.6) (34.4) (62.2) (41.6) (39.3) (32.6) (44.7) (39.7) (44.4) (39.5) (47.0) (28.3) (45.9) (51.1) (53.6) (45.0) (39.5) (25.7) (31.9) (58.9) (20.8) (16.0) (30.2) (19.9) (22.6) (17.7) (22.7) (22.6) (25.0) (24.7) (11.9) (14.0) (12.7) (27.2) (8.8) (7.6) (6.8) (10.2) (10.0) (10.6) (7.3) (9.7) (10.4) (8.4) (11.1) (13.4) (12.4) (9.8) (6.7) (6.5) (8.9) (4.1) (4.2) (4.6) (4.2) (2.4) (6.6) (5) (169.9) (3.7) (3.4) (2.2) (3.4) (3.2) (1.8) (1.7) (1.5) 0.7 (3.5) (2)
Free Cash Flow (42) 125.6 161.9 18.5 233.8 188.0 179.0 18.4 234.2 188.5 119.8 (28.5) 162.4 136.5 116.5 17.7 165.3 173.3 128.2 98.7 178.9 220.4 144.3 152.9 100.5 138.3 103.4 87.5 150.1 149.7 87.5 79.9 159.8 162.0 134.3 154.4 156.5 150.3 116.6 132.0 135.2 64.0 68.6 67.8 45.4 46.8 58.0 34.6 (5.1) 34.8 45.3 48.7 44.7 42.9 60.8 30.7 40.2 47.6 21.7 42.0 28.8 30.8 30.5 36.6 30.5 37.6 30.2 13.8 10.4 (135.1) 18.4 14.5 19.4 15.6 11.1 5.9 13 0.5 22.7 11.2 5.5