Warner Bros. Discovery, Inc. logo WBD - Warner Bros. Discovery, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 12
HOLD 19
SELL 1
STRONG
SELL 0
| PRICE TARGET: $30.80 DETAILS
HIGH: $31.00
LOW: $30.00
MEDIAN: $31.00
CONSENSUS: $30.80
UPSIDE: 15.18%
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
Revenue
Revenue 8,893 9,460 9,045 9,812 8,979 10,027 9,623 9,713 9,958 10,284 9,979 10,358 10,700 11,008 9,823 9,827 3,159 3,187 3,150 3,062 2,792 2,886 2,561 2,541 2,683 2,874 2,678 2,885 2,707 2,809 2,592 2,845 2,307 1,864 1,651 1,745 1,613 1,672 1,556 1,708 1,561 1,646 1,557 1,654 1,537 1,676 1,568 1,610 1,411 1,537 1,375 1,467 1,156 1,200 1,076 1,126 1,085 1,122 1,080 1,067 951 1,015 926 963 869 964 837 865 815 904 845 885 809 178.2 15 177.2 173.9 198.9 169.9 165.8 153.6 174.3 167.9 178.0 174.3 172.9 151.9 160.5 527.4
Cost of Revenue 4,643 6,602 4,564 5,967 5,131 5,527 5,181 6,204 6,058 5,896 5,309 6,636 6,685 6,954 5,627 6,625 1,236 1,067 1,529 1,055 969 1,129 1,003 810 918 1,037 914 938 930 946 934 995 1,060 745 670 634 607 645 592 603 592 640 574 564 565 598 529 515 482 475 435 437 342 328 296 298 296 330 328 288 273 291 261 254 267 298 251 251 252 266 262 254 242 128.9 11 121.6 118.0 135.8 111.5 109.6 97.6 110.1 109.3 115.6 110.9 105.2 91.3 96.1 181.7
Gross Profit 4,250 2,858 4,481 3,845 3,848 4,500 4,442 3,509 3,900 4,388 4,670 3,722 4,015 4,054 4,196 3,202 1,923 2,120 1,621 2,007 1,823 1,757 1,558 1,731 1,765 1,837 1,764 1,947 1,777 1,863 1,658 1,850 1,247 1,119 981 1,111 1,006 1,027 964 1,105 969 1,006 983 1,090 972 1,078 1,039 1,095 929 1,062 940 1,030 814 872 780 828 789 792 752 779 678 724 665 709 602 666 586 614 563 638 583 631 567 49.3 4 55.6 55.9 63.1 58.4 56.2 56.0 64.2 58.6 62.4 63.4 67.7 60.7 64.4 345.6
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
SG&A Expenses 2,475 2,386 2,361 2,477 2,194 2,218 2,385 2,461 2,232 2,455 2,291 2,562 2,388 2,511 2,589 3,538 1,040 1,069 944 952 1,051 809 633 635 645 793 660 709 626 657 667 687 609 507 457 389 415 463 419 400 408 445 394 430 400 445 432 406 409 450 390 394 365 359 314 307 311 319 293 300 269 291 306 304 284 318 324 295 274 270 224 370 251 28.2 7 41.3 41.5 45.8 42.7 46.1 43.2 36.9 42.1 47.2 43.8 40.5 38.3 39.0 208.2
Other Expenses 1,226 (64) 1,509 1,553 1,691 2,120 1,776 11,256 1,935 2,115 2,282 2,066 2,184 3,437 3,797 3,303 530 543 348 276 376 460 394 379 341 339 485 327 377 495 622 513 434 1,449 91 92 104 39 87 119 72 120 84 103 90 157 96 49 86 91 62 87 33 32 28 33 30 52 31 34 (98) 39 47 33 36 56 41 (178) 41 84 63 53 47 183.1 1 17.2 15.5 26.0 113.1 16.3 15.7 25.1 17.9 20.2 16.8 25.3 18.8 19.7 59.6
Operating Expenses 3,701 2,322 3,870 4,030 3,885 4,338 4,161 13,717 4,167 4,570 4,573 4,628 4,572 5,948 6,386 6,841 1,570 1,612 1,292 1,228 1,427 1,269 1,027 1,014 986 1,132 1,145 1,036 1,003 1,152 1,289 1,200 1,043 1,956 548 481 519 502 506 519 480 565 478 533 490 602 528 455 495 541 452 481 398 391 342 340 341 371 324 334 171 330 353 337 320 374 365 117 315 354 287 423 298 211.3 8 58.5 57.1 71.8 155.7 62.4 58.8 62.1 60.0 67.4 60.6 65.8 57.2 58.8 267.8
Operating Income
Operating Income 549 536 611 (185) (37) 162 281 (10,208) (267) (182) 97 (906) (557) (1,894) (2,190) (3,639) 353 508 329 779 396 488 531 717 779 705 619 911 774 711 369 650 204 (837) 433 630 487 525 458 586 489 441 505 557 482 476 511 640 434 521 488 549 416 481 438 488 448 421 428 445 507 394 312 372 282 292 221 497 248 284 296 208 269 (162.0) (4) (2.9) (1.2) (8.7) (97.3) (6.2) (2.9) 2.1 (1.4) (5.0) 2.9 1.9 3.5 5.7 77.8
Interest Expense 581 584 570 463 468 490 494 518 515 502 574 574 571 558 555 511 153 154 159 157 163 163 161 161 163 162 163 161 182 171 185 196 177 157 136 91 91 86 91 91 85 82 82 77 89 81 83 83 81 78 80 80 68 64 68 61 55 54 56 49 49 48 49 48 58 67 65 60 57 0 61 66 69 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 22 36 0 59 64 38 49 63 60 51 43 40 45 0 20 0 2 14 0 2 1 4 1 1 4 4 9 0 0 0 0 0 15 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1,186 1,493 1,972 8,007 4,726 4,844 5,388 (4,031) 5,411 5,390 5,217 5,646 6,114 4,321 4,787 4,151 2,327 1,642 1,949 1,991 1,564 1,775 1,584 1,602 1,730 1,833 1,629 1,878 1,822 1,827 1,624 1,882 1,104 (290) 1,777 644 447 1,109 921 1,104 985 978 992 1,006 952 1,005 988 1,105 863 963 887 950 708 1,364 660 727 635 1,274 453 477 530 186 329 232 312 600 262 744 454 338 377 294 316 (143.8) 13.0 14.5 14.4 19.4 (77.7) 10.1 12.8 27.7 16.5 15.3 19.6 26.0 21.8 24.8 108.6
EBIT (2,539) 178 597 2,917 34 134 316 (9,517) (304) (111) 42 (906) (667) (1,983) (2,296) (3,733) 829 337 392 877 460 579 480 617 700 725 607 877 753 665 363 563 160 (893) 300 564 367 546 412 601 465 425 495 505 464 445 525 675 430 537 499 561 445 469 417 482 398 399 423 447 500 154 296 199 278 563 223 532 250 298 309 230 253 (161.4) (4) (2.9) (1.2) (0.5) (93.7) (6.2) (2.9) 6.2 (1.4) (5.0) 2.9 1.9 3.5 5.7 77.8
Income Before Tax (3,120) (408) 27 2,454 (434) (356) (178) (10,035) (819) (613) (532) (1,480) (1,238) (2,541) (2,851) (4,244) 676 183 233 720 297 416 319 456 537 563 444 716 571 494 178 367 (17) (1,050) 164 473 276 460 321 510 380 343 413 428 375 364 442 592 349 459 419 481 377 405 349 420 341 345 365 398 451 317 247 151 220 237 155 446 193 181 227 76.1 60.5 (175.7) 11.6 125.2 29.7 13.8 (62.7) 26.6 20.3 12.5 33.5 10.1 79.3 27.7 23.5 33.6 36.2
Income Tax Expense (214) (161) 170 866 15 284 (319) (7) 136 (221) (125) (260) (178) (462) (566) (836) 201 92 36 2 106 98 (11) 156 130 52 147 (271) 153 195 43 123 (20) 87 (59) 93 55 151 96 95 111 117 130 139 125 129 155 208 118 169 163 181 146 181 134 127 119 8 127 144 146 117 83 41 47 81 54 267 70 67 93 30.2 26.5 (5.1) 4.1 51.0 9.2 8.5 13.9 12.9 8.7 1.2 32.3 6.1 33.6 12.0 7.4 11.3 15.3
Net Income (2,916) (252) (148) 1,580 (453) (494) 135 (9,986) (966) (400) (417) (1,240) (1,069) (2,101) (2,308) (3,418) 456 38 156 672 140 271 300 271 377 476 262 947 384 269 117 216 (8) (1,144) 218 374 215 304 219 408 263 219 279 286 250 250 280 379 230 289 255 300 231 224 205 293 221 336 237 254 305 191 186 107 169 155 100 179 119 106 134 43 34 (170.6) 7 74.2 20.5 5.3 (76.6) 13.7 11.6 11.2 1.2 4.0 16.8 15.7 16.2 22.3 20.9
Per Share Data
EPS (Basic) -1.17 -0.10 -0.06 0.64 -0.18 -0.20 0.06 -4.07 -0.40 -0.16 -0.17 -0.51 -0.44 -0.86 -0.95 -1.50 0.69 0.08 0.24 1.02 0.21 0.42 0.44 0.40 0.55 0.68 0.35 1.33 0.53 0.38 0.16 0.30 -0.01 -1.99 0.38 0.65 0.37 0.52 0.37 0.66 0.42 0.34 0.43 0.44 0.38 0.38 0.41 0.55 0.33 0.21 0.36 0.42 0.32 0.66 0.28 0.39 0.29 0.91 0.30 0.32 0.38 0.34 0.22 0.13 0.20 0.27 0.11 0.22 0.14 0.19 0.22 0.08 0.06 -0.30 0.01 0.13 0.04 0.01 -0.13 0.03 0.02 0.02 0.00 0.01 0.03 0.03 0.03 0.04 0.04
EPS (Diluted) -1.17 -0.10 -0.06 0.63 -0.18 -0.20 0.05 -4.07 -0.40 -0.16 -0.17 -0.51 -0.44 -0.86 -0.95 -1.50 0.69 0.08 0.24 1.01 0.21 0.42 0.44 0.40 0.55 0.67 0.35 1.33 0.53 0.38 0.16 0.30 -0.01 -1.93 0.38 0.64 0.37 0.52 0.36 0.66 0.42 0.34 0.43 0.44 0.37 0.38 0.41 0.54 0.33 0.41 0.36 0.41 0.32 0.30 0.28 0.38 0.28 0.43 0.30 0.31 0.37 0.23 0.22 0.13 0.20 0.18 0.11 0.22 0.14 0.13 0.22 0.08 0.06 -0.30 0.01 0.13 0.04 0.01 -0.13 0.03 0.02 0.02 0.00 0.01 0.03 0.03 0.03 0.04 0.04
Shares Outstanding 2,492 2,475 2,479 2,477 2,462 2,454 2,453 2,451 2,443 2,436 2,438 2,437 2,432 2,429 2,428 2,286 591 511 589 589 585 489 505 508 517 527 535 528 524 524 523 523 422 381 381 384 389 393 395 404 413 428 432 432 439 442 449 457 468 320 328.4 336.3 339.1 339.1 338.4 354.6 368 368 543 556 564 564 569.9 570 569 569 566 563.3 562.5 562.5 562.5 562.5 562.3 560.4 560 560.4 560.4 560.4 560.4 560.4 560.4 560.4 560.4 560.4 560.5 560.5 560.5 560.5 560.5
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 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
Current Assets
Cash & Cash Equivalents 3,264 4,566 3,986 4,888 3,868 5,312 3,336 3,613 2,976 3,780 2,383 3,027 2,594 3,731 2,422 2,575 4,162 3,905 3,116 2,834 2,008 2,091 1,893 1,683 1,453 1,552 813 1,321 745 986 531 392 812 7,309 6,994 206 267 300 224 185 333 390 262 232 321 367 376 372 757 408 439 375 2,360 1,201 1,553 1,698 1,044 1,048 1,032 1,095 453 466 1,016 713 691 623 401 339 142 100 92 226.0 222.6 8 157.5 174.7 150.5 155 151.8 152.8 150.8 250.4 227.5 10.8 15.2 21.6
Short-Term Investments 0 0 348 29 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 5,009 5,294 5,128 5,383 4,664 5,926 5,534 6,166 6,303 7,312 6,312 6,770 6,833 7,611 7,957 7,049 2,426 2,446 2,462 2,657 2,476 2,537 2,444 2,473 2,564 2,633 2,695 2,854 2,625 2,620 2,791 2,747 2,654 1,838 1,652 1,758 1,560 1,495 1,545 1,574 1,520 1,479 1,709 1,505 1,431 1,433 1,464 1,525 1,341 1,371 1,344 1,332 1,148 1,130 1,079 1,155 1,062 1,042 976 908 866 880 843 836 773 812 775 759 740 780 764 178.2 172.6 10 152.4 140.5 148.6 147 159.7 137.8 142.6 134.6 148.5 146.3 153.3 151.1
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Assets 3,468 3,346 3,600 3,311 4,250 2,056 3,635 3,651 4,623 2,283 4,136 3,976 0 2,112 2,293 0 143 245 254 653 722 532 389 113 89 579 442 330 364 313 592 358 419 410 382 390 395 310 460 419 443 381 421 397 396 416 466 399 383 350 348 289 201 196 169 187 171 166 136 158 160 164 81 81 73 146 76 78 80 122 250 4.0 3.8 352 11.1 4.1 3.8 3 5.6 5.1 4.4 4.4 0 0 0 8.8
Total Current Assets 11,741 13,206 13,062 13,611 12,782 14,078 12,505 13,430 13,902 14,218 12,831 13,773 13,727 13,999 12,672 15,449 7,173 7,264 6,656 6,728 5,865 6,130 5,478 4,717 4,626 5,217 4,313 4,932 4,025 4,231 3,914 3,906 4,521 9,991 9,477 2,770 2,591 2,502 2,683 2,548 2,667 2,596 2,719 2,468 2,469 2,491 2,584 2,571 2,740 2,410 2,364 2,265 4,013 2,730 2,995 3,214 2,451 2,431 2,299 2,321 1,629 1,735 2,137 1,815 1,721 1,671 1,417 1,331 1,112 1,109 1,106 422.1 414.3 372 336.4 332.2 315.5 317 330.9 306.5 312.6 400.4 394.6 178.6 192.1 199.0
Non-Current Assets
Property, Plant & Equipment 6,642 6,685 6,517 6,413 6,211 6,087 6,158 6,043 5,937 5,957 5,810 5,473 5,325 5,301 5,143 5,597 1,328 1,336 1,310 1,239 1,189 1,206 1,125 1,088 1,040 951 856 828 802 800 810 784 928 597 523 514 504 482 464 455 466 488 500 509 534 554 525 538 522 514 492 460 377 388 368 368 374 379 371 382 389 399 389 401 405 409 417 410 384 395 412 256.0 262.7 5 278.5 282.3 285.2 281 270.8 264.7 259.1 256.2 273.7 270.1 261.6 258.7
Goodwill 25,874 25,933 25,920 25,939 25,746 25,667 25,869 25,740 34,891 34,969 34,727 34,911 34,658 34,438 34,450 34,273 12,872 12,912 12,957 13,013 12,973 13,070 13,052 12,987 12,966 13,050 12,977 13,222 13,037 13,006 13,139 13,119 13,102 7,073 8,242 8,123 8,077 8,040 8,179 8,174 8,207 8,164 8,180 8,189 8,152 8,236 8,320 8,126 7,370 7,341 7,301 7,278 6,501 6,399 6,314 6,312 6,294 6,291 6,299 6,302 6,301 6,434 6,435 6,442 6,442 6,433 6,438 6,439 6,889 6,891 7,096 1,909.8 1,909.8 1,782 2,075.7 2,075.3 2,074.9 2,075 2,074.1 2,166.7 2,166.0 2,133.5 0 0 153.3 2,135.4
Intangible Assets 26,803 27,764 28,789 48,723 49,854 51,401 53,806 55,167 57,087 59,514 62,328 65,977 68,712 71,634 75,032 78,844 9,739 10,149 10,472 10,681 10,792 11,079 11,142 11,631 12,088 11,796 11,975 12,430 12,464 12,743 13,155 13,626 14,148 3,983 3,634 3,551 3,527 3,601 3,738 3,703 3,747 3,760 3,839 3,843 3,846 3,944 4,119 3,859 3,418 3,448 3,439 3,399 2,263 2,166 2,034 1,964 1,901 1,873 1,870 1,894 1,872 1,850 1,844 1,831 1,813 1,850 1,879 1,895 1,894 1,879 1,541 0 0 1 0 0 0 0 0 0 0 0 2,138.1 2,139.5 0 0
Long-Term Investments 0 0 1,465 1,460 0 0 0 0 0 0 0 0 0 0 0 0 0 543 0 0 0 507 536 530 542 568 529 542 955 935 1,015 1,023 1,231 335 754 700 690 557 515 535 529 567 562 600 618 644 667 828 1,080 1,087 1,087 1,097 1,105 1,095 821 817 778 807 816 806 781 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,966.1 2,945.8
Other Non-Current Assets 26,777 26,497 24,766 5,581 7,086 7,327 7,995 7,649 8,002 8,099 8,053 8,484 8,162 8,629 8,752 8,077 2,687 2,223 2,923 2,911 2,806 2,095 2,105 2,136 2,128 2,153 2,175 1,891 1,161 835 879 1,034 728 576 513 491 473 490 271 275 262 289 119 120 163 101 158 183 181 179 184 188 162 152 155 135 137 132 146 131 136 601 593 585 571 589 590 621 196 210 290 3,431.5 3,349.0 3,706 3,362.6 3,351.8 3,219.7 3,198 3,179.1 3,147.0 3,111.7 3,029.1 3,018.3 2,995.6 17.4 25.9
Total Non-Current Assets 86,096 86,879 87,457 88,116 88,897 90,482 93,828 94,599 105,917 108,539 110,918 114,845 116,857 120,002 123,377 126,791 26,626 27,163 27,662 27,844 27,760 27,957 27,960 28,372 28,764 28,518 28,512 28,913 28,419 28,319 28,998 29,586 30,137 12,564 13,666 13,379 13,271 13,170 13,167 13,142 13,211 13,268 13,200 13,261 13,313 13,479 13,789 13,534 12,571 12,569 12,503 12,422 10,408 10,200 9,692 9,596 9,484 9,482 9,502 9,515 9,479 9,284 9,261 9,259 9,231 9,281 9,324 9,365 9,363 9,375 9,339 5,597.3 5,521.6 5,494 5,716.8 5,709.4 5,579.8 5,554 5,524.1 5,578.5 5,536.8 5,418.9 5,430.1 5,405.2 5,385.7 5,365.9
Total Assets 97,837 100,085 100,519 101,727 101,679 104,560 106,333 108,029 119,819 122,757 123,749 128,618 130,584 134,001 136,049 142,240 33,799 34,427 34,318 34,572 33,625 34,087 33,438 33,089 33,390 33,735 32,825 33,845 32,444 32,550 32,912 33,492 34,658 22,555 23,143 16,149 15,862 15,672 15,850 15,690 15,878 15,864 15,919 15,729 15,782 15,970 16,373 16,105 15,311 14,979 14,867 14,687 14,421 12,930 12,687 12,810 11,935 11,913 11,801 11,836 11,108 11,019 11,398 11,074 10,952 10,952 10,741 10,696 10,475 10,484 10,445 6,019.4 5,935.8 5,866 6,053.1 6,041.5 5,895.2 5,871 5,854.9 5,884.9 5,849.4 5,819.2 5,824.7 5,583.8 5,577.7 5,564.8
Current Liabilities
Account Payables 1,110 1,093 1,083 1,074 1,008 1,055 1,120 1,151 1,245 1,260 1,329 1,689 1,123 1,454 1,534 1,397 521 412 2,306 2,005 2,075 397 403 367 421 463 380 325 314 325 280 300 283 277 253 222 200 241 202 185 171 282 249 277 205 225 209 226 151 141 116 116 67 71 54 56 63 53 48 48 62 87 52 43 62 63 0 0 0 71 418 42.4 48.6 1 33.0 31.0 35.2 44 39.7 30.7 31.9 26.9 37.2 34.6 36.2 33.3
Short-Term Debt 1,493 139 364 221 2,779 2,748 3,043 3,669 3,430 1,780 1,302 3,001 3,496 365 1,257 1,097 794 339 349 585 351 335 336 339 607 609 611 1,686 1,387 1,819 1,653 646 153 30 32 105 132 82 95 130 25 119 116 349 453 1,107 995 1,029 18 17 23 23 22 31 21 20 19 26 20 22 21 20 18 17 256 38 39 421 586 466 349 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 1,592 1,642 1,649 1,527 1,600 1,569 1,530 2,022 1,993 1,924 1,917 1,548 1,603 1,694 1,688 1,663 281 478 625 806 663 557 435 263 376 489 384 293 236 249 304 277 299 255 238 193 194 163 180 167 205 190 237 181 175 178 304 160 137 144 164 122 100 123 133 98 91 113 123 98 113 114 0 0 0 91 0 0 0 93 0 22.6 23.5 25.0 21.8 27.8 18.1 16 28.0 17.9 16.3 17.5 15.5 16.4 0 0
Other Current Liabilities 11,920 0 8,998 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 55 169 53 0 0 0 0 0 0 0 0 0 39 28 18 0 12 16 20 31 27 22 24 5 556 13 10 32 38 31 35 85 67 51 46 55 236 207 172 27 78 82 458 171 310 235 283 208 723 806 588 90 253 0 0 89.0 0 0 0 0 0 0 0 0 0 1.2 19.5 22.0
Total Current Liabilities 16,115 12,500 12,163 13,040 15,286 15,810 15,695 17,768 16,956 15,332 14,588 16,906 16,380 15,017 14,676 14,436 3,562 3,459 3,335 3,565 3,142 3,082 2,756 2,576 2,875 3,239 2,837 3,874 3,475 3,997 3,860 2,696 2,465 1,871 1,615 1,466 1,534 1,561 1,522 1,442 1,375 1,579 2,108 1,712 1,765 2,604 2,548 2,360 1,253 1,294 1,135 1,002 1,101 946 826 757 740 746 707 614 654 785 792 608 934 783 762 1,227 1,174 1,070 1,020 134.8 137.4 120 113.2 119.9 109.9 122 125.5 98.3 96.0 89.9 104.5 94.8 101.0 108.5
Non-Current Liabilities
Long-Term Debt 30,973 32,428 33,382 34,411 34,647 36,757 37,166 37,289 39,148 41,889 43,498 44,276 45,434 48,634 48,612 51,388 13,605 14,420 14,436 14,462 14,675 15,069 14,981 14,944 15,267 14,810 14,757 14,823 14,956 14,974 15,829 17,683 19,214 14,755 14,676 8,158 7,970 7,841 7,901 7,809 7,965 7,616 6,941 6,856 7,036 6,002 6,153 6,045 6,900 6,482 6,485 6,455 6,407 5,212 5,210 5,206 4,218 4,219 4,229 4,235 3,591 3,598 3,595 3,594 3,235 3,457 3,472 3,053 3,137 3,331 3,555 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 5,873 6,383 6,708 6,494 6,714 6,985 7,339 7,806 8,303 8,736 9,098 9,718 10,211 11,014 12,317 13,666 1,112 1,225 1,248 1,447 1,469 1,534 1,503 1,463 1,550 1,691 1,624 1,656 1,700 1,811 1,901 1,968 1,994 319 306 370 429 467 536 468 510 556 589 494 532 588 692 769 614 637 681 656 428 272 260 263 321 337 354 373 352 304 0 0 0 268 0 0 0 246 0 1,285.5 1,252.0 1,227 1,240.1 1,237.1 1,184.6 1,175 1,168.1 1,154.6 1,140.8 1,131.5 1,128.1 1,096.8 1,092.0 1,084.0
Other Non-Current Liabilities 11,169 11,608 10,734 10,436 9,861 10,070 9,959 9,751 10,118 10,328 10,423 10,933 10,717 10,669 10,364 9,803 1,958 1,927 1,901 1,790 1,764 2,019 2,158 2,306 2,294 2,029 2,028 1,827 1,573 1,251 1,089 1,109 972 587 446 392 345 393 440 385 414 421 395 427 406 425 310 299 326 333 309 270 210 207 124 111 88 92 108 100 100 99 316 358 350 175 465 498 487 276 351 21.7 21.8 24 29.8 30.5 30.2 25 21.2 20.5 21.6 22.4 25.0 24.0 24.1 25.1
Total Non-Current Liabilities 48,015 50,419 51,051 51,341 51,222 53,812 54,464 54,846 57,569 60,953 63,019 64,927 66,362 70,317 71,293 74,857 16,675 17,572 17,585 17,699 17,908 18,622 18,642 18,713 19,111 18,530 18,409 18,306 18,229 18,036 18,819 20,760 22,180 15,661 15,428 8,920 8,744 8,701 8,877 8,662 8,889 8,593 7,925 7,777 7,974 7,015 7,155 7,113 7,840 7,452 7,475 7,381 7,045 5,691 5,594 5,580 4,627 4,648 4,691 4,708 4,043 4,001 3,911 3,952 3,585 3,900 3,937 3,551 3,624 3,853 3,906 1,307.2 1,273.9 1,251 1,269.9 1,267.6 1,214.9 1,200 1,189.3 1,175.1 1,162.3 1,153.9 1,153.2 1,120.9 1,116.1 1,109.0
Total Liabilities 64,130 62,919 63,214 64,381 66,508 69,622 70,159 72,614 74,525 76,285 77,607 81,833 82,742 85,334 85,969 89,293 20,237 21,031 20,920 21,264 21,050 21,704 21,398 21,289 21,986 21,769 21,246 22,180 21,704 22,033 22,679 23,456 24,645 17,532 17,043 10,386 10,278 10,262 10,399 10,104 10,264 10,172 10,033 9,489 9,739 9,619 9,703 9,473 9,093 8,746 8,610 8,383 8,146 6,637 6,420 6,337 5,367 5,394 5,398 5,322 4,697 4,786 4,703 4,560 4,519 4,683 4,699 4,778 4,798 4,923 4,926 1,442.0 1,411.3 1,371 1,383.1 1,387.5 1,324.8 1,322 1,314.8 1,273.4 1,258.4 1,243.8 1,257.6 1,215.7 1,217.1 1,217.5
Stockholders' Equity
Common Stock 27 27 27 27 27 27 27 27 27 27 27 27 27 27 27 27 7 7 7 7 7 7 7 7 7 7 7 7 7 7 6 6 6 5 5 5 5 5 5 5 5 5 5 5 5 5 5 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 2.8 2.8 3 2.8 2.8 2.8 3 2.8 2.8 2.8 2.8 2.8 0 0 0
Retained Earnings (14,428) (11,512) (11,260) (11,112) (12,692) (12,239) (11,745) (11,880) (1,894) (928) (526) (105) 1,133 2,205 4,306 6,614 10,033 9,580 9,522 9,360 8,682 8,543 8,278 7,980 7,712 7,333 6,859 6,616 5,663 5,254 4,984 4,867 4,657 4,632 5,785 5,696 5,382 5,232 5,038 4,940 4,621 4,517 4,297 4,098 3,903 3,809 3,654 3,499 3,123 2,892 2,604 2,349 2,052 2,075 1,851 1,646 1,353 1,132 796 559 305 0 75 (111) (224) (387) (531) (632) (817) (936) (1,042) (1,173.6) (1,219.5) (1,253) (1,082.9) (1,090.4) (1,164.6) (1,184) (1,189.1) (1,112.5) (1,126.2) (1,137.8) (1,149.1) (1,150.2) (1,154.3) (1,171.1)
Accumulated Other Comprehensive Income (642) (407) (431) (371) (840) (1,067) (401) (890) (913) (741) (1,427) (1,042) (1,105) (1,523) (2,119) (1,453) (947) (830) (717) (585) (581) (651) (898) (1,021) (1,122) (822) (1,029) (913) (895) (785) (764) (790) (613) (585) (586) (617) (704) (762) (643) (680) (614) (633) (508) (460) (569) (368) (195) (38) 4 4 8 (96) (51) 4 (8) (23) (12) (23) (22) (10) (16) (33) (23) (44) (40) (21) (35) (25) (85) (78) (3) 19.0 12.6 17 23.1 22.8 17.7 16 12.9 7.9 1.6 (1.9) 1.8 4.9 7.0 12.3
Total Stockholders' Equity 32,578 35,919 36,018 36,049 33,836 34,037 35,100 34,345 44,151 45,226 44,774 45,452 46,496 47,095 48,517 51,383 11,969 11,599 11,611 11,538 10,815 10,464 10,087 9,867 9,470 9,891 9,518 9,621 8,708 8,386 8,116 7,936 7,889 4,610 5,740 5,526 5,335 5,167 5,204 5,345 5,366 5,451 5,645 5,485 5,289 5,602 5,883 6,031 6,180 6,196 6,220 6,269 6,240 6,291 6,265 6,471 6,565 6,517 6,402 6,513 6,408 6,225 6,683 6,486 6,359 6,197 6,028 5,903 5,653 5,536 5,519 4,577.4 4,524.6 4,495 4,670.0 4,654.0 4,570.4 4,549 4,540.1 4,611.5 4,591.0 4,575.4 4,567.1 4,368.2 4,360.6 4,347.3
Total Liabilities & Equity 97,837 100,085 100,519 101,727 101,679 104,560 106,333 108,029 119,819 122,757 123,749 128,618 130,584 134,001 136,049 142,240 33,799 34,427 34,318 34,572 33,625 34,087 33,438 33,089 33,390 33,735 32,825 33,845 32,444 32,550 32,912 33,492 34,658 22,555 23,143 16,149 15,862 15,672 15,850 15,690 15,878 15,864 15,919 15,729 15,782 15,970 16,373 16,105 15,311 14,979 14,867 14,687 14,421 12,930 12,687 12,810 11,935 11,913 11,801 11,836 11,108 11,019 11,398 11,074 10,952 10,952 10,741 10,696 10,475 10,484 10,445 6,019.4 5,935.8 5,866 6,053.1 6,041.5 5,895.2 5,871 5,854.9 5,884.9 5,849.4 5,819.2 5,824.7 5,583.8 5,577.7 5,564.8
Debt Metrics
Total Debt 32,466 32,567 33,746 34,632 37,426 39,505 40,209 40,958 42,578 43,669 44,800 47,277 48,930 48,999 49,869 52,485 14,399 14,759 14,785 15,047 15,026 15,404 15,317 15,283 15,874 15,419 15,368 16,509 16,343 16,793 17,482 18,329 19,367 14,785 14,708 8,263 8,102 7,923 7,996 7,939 7,990 7,735 7,057 7,205 7,489 7,109 7,148 7,074 6,918 6,499 6,508 6,478 6,429 5,243 5,231 5,226 4,237 4,245 4,249 4,257 3,612 3,618 3,613 3,611 3,491 3,495 3,511 3,474 3,723 3,797 3,904 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt 29,202 28,001 29,760 29,744 33,558 34,193 36,873 37,345 39,602 39,889 42,417 44,250 46,336 45,268 47,447 49,910 10,237 10,854 11,669 12,213 13,018 13,313 13,424 13,600 14,421 13,867 14,555 15,188 15,598 15,807 16,951 17,937 18,555 7,476 7,714 8,057 7,835 7,623 7,772 7,754 7,657 7,345 6,795 6,973 7,168 6,742 6,772 6,702 6,161 6,091 6,069 6,103 4,069 4,042 3,678 3,528 3,193 3,197 3,217 3,162 3,159 3,152 2,597 2,898 2,800 2,872 3,110 3,135 3,581 3,697 3,812 (226.0) (222.6) (8) (157.5) (174.7) (150.5) (155) (151.8) (152.8) (150.8) (250.4) (227.5) (10.8) (15.2) (21.6)
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 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
Operating Activities
Net Income (2,916) (252) (143) 1,588 (449) (640) 141 (10,028) (955) (392) (407) (1,220) (1,060) (2,079) (2,285) (3,408) 475 91 197 718 191 318 330 300 407 511 297 987 418 299 135 244 3 (1,137) 223 380 221 309 225 415 269 226 283 289 250 235 287 384 231 290 256 300 231 224 206 293 222 337 237 254 305 197 189 110 173 156 104 181 123 106 174 82 74 (170.6) 7.3 74.2 20.5 5.3 (76.6) 13.7 11.6 11.2 1.2 4.0 16.8 15.7 16.2 22.3 11.9
Depreciation & Amortization 1,226 1,315 3,680 5,090 4,692 4,710 4,894 5,664 5,715 5,501 5,175 6,552 6,781 6,304 7,083 7,884 1,498 1,305 1,557 1,114 1,104 1,196 1,104 985 1,030 1,108 1,022 1,001 1,069 1,162 1,261 1,319 944 603 1,477 80 80 563 509 503 520 553 497 501 488 560 463 430 433 426 388 389 263 895 243 245 237 875 30 30 30 32 33 33 34 37 (298) 212 204 (16) 68 64 63 17.6 17.0 17.4 15.6 19.9 16.0 16.3 15.7 21.5 17.9 20.2 16.8 24.1 18.3 19.2 16.1
Stock-Based Compensation 0 0 242 175 123 138 159 159 101 109 143 137 111 95 107 150 60 44 39 31 64 48 32 34 (4) 60 13 39 30 (12) 43 34 15 17 0 1 21 20 22 3 24 19 (9) 23 2 12 33 14 19 61 45 24 60 42 40 31 41 29 21 32 17 29 59 50 44 32 98 61 37 0 (66) 55 (36) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (3,599) (1,935) (3,015) (2,744) (3,608) (1,484) (3,943) (2,800) (3,899) (1,481) (1,844) (2,734) (5,930) (2,450) (3,806) (3,594) (1,132) (807) (707) (754) (969) (1,021) (618) (371) (1,089) (518) (580) (904) (971) (648) (488) (929) (870) (386) (173) (734) (602) (340) (442) (585) (704) (185) (645) (427) (648) (348) (317) (511) (409) (356) (225) (402) (538) (206) (156) (395) (299) (333) (220) (343) (256) (362) (59) (404) (311) (11) (338) (82) (207) (153) 69 (115) (117) 3.6 (20.9) 16.8 (13.9) 11.7 2.7 9.9 (5.0) (0.2) 12.1 4.4 (8.8) (3.4) 1.5 (1.4) (7.3)
Other Non-Cash Items 5,594 3,114 16 (2,967) 107 372 58 8,723 22 114 94 36 136 1,713 215 776 (460) 260 (15) (141) (13) 0 22 156 66 3 217 62 39 119 40 (67) 103 1,397 (724) 515 569 (34) 80 39 11 14 24 1 19 23 5 (47) 2 (5) (9) 23 (19) (617) 38 16 69 (568) 261 214 77 227 178 203 202 10 531 (220) 16 141 (49) (2) 37 180.3 (10.2) (125.7) (28.1) (20.9) 61.5 (30.1) (20.3) (12.7) (32.7) (14.1) (22.7) (24.5) (18.4) (27.5) (10.1)
Operating Cash Flow (208) 1,804 979 983 553 2,715 847 1,228 585 3,578 2,516 2,014 (631) 2,846 124 1,011 323 884 811 834 269 553 860 991 335 1,232 951 674 542 929 931 556 160 462 724 188 255 546 444 328 62 625 258 331 63 425 420 232 241 355 460 339 131 328 382 141 248 340 329 214 217 223 355 (36) 126 250 47 186 151 146 241 115 67 24.5 (2.4) 32.8 2.6 24.5 17.1 21.8 10.3 23.5 30.8 20.0 11.0 20.7 25.6 23.9 14.2
Investing Activities
Capital Expenditure (268) (421) (278) (281) (251) (286) (215) (252) (195) (268) (457) (292) (299) (364) (316) (222) (85) (100) (106) (77) (90) (112) (73) (112) (105) (100) (67) (78) (44) (41) (24) (34) (48) (32) (25) (31) (47) (19) (26) (28) (15) (27) (24) (18) (34) (35) (27) (30) (28) (39) (22) (28) (26) (24) (29) (3) (21) (16) (15) (16) (11) (20) (9) (8) (12) (14) (9) (13) (19) (18) (42) (20) (22) (10.8) (10.9) (11.7) (13.4) (26.3) (18.8) (18.6) (13.8) (16.0) (23.4) (30.2) (20.9) (15.9) (19.1) (8.4) (5.9)
Acquisitions 0 (3) (71) (12) (14) (5) (36) (15) (53) (71) (46) (32) (13) 3 1,162 2,352 (42) (49) (32) (50) (55) (51) (86) (39) (42) (44) (56) (46) (56) 0 (8) 59 (8,565) (56) (4) 29 0 67 0 (41) 4 (91) (1) 54 (42) (6) (213) (269) (16) (29) 26 (1,773) (85) (533) (28) (69) (38) (26) 0 (82) 0 0 41 (41) (38) (300) 0 0 0 139 125 (4) 42 0 0 0 0 0 0 0 (46.8) 0 0 0 0 (6.2) 0 (1.7) (32.4)
Purchases of Investments (25) 0 0 0 0 0 0 0 0 0 0 0 (13) (31) 0 0 (42) 16 0 0 (55) 0 0 0 0 0 0 0 (34) (4) (11) 16 (64) (59) (216) (82) (188) (268) (8) (63) 0 (193) 0 (16) (11) 0 (3) 0 0 0 0 (16) (39) 0 0 0 0 0 (11) (25) (57) (56) (30) 0 (15) 0 (9) 0 0 0 0 0 0 0 1.6 (1.0) (0.7) (0.8) (0.4) (1.5) (49.2) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 26 0 43 11 353 0 324 0 83 0 3 20 896 25 220 639 101 150 45 303 0 87 65 0 0 0 0 5 0 0 0 0 0 0 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22 0 0 0 0 24 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 11 (20) 19 14 59 (56) 33 13 41 22 45 11 48 (722) (9) 1 59 6 (238) 122 53 10 (324) 2 77 (3) 52 (2) 35 1 77 51 2 37 15 15 6 18 29 84 10 36 25 32 9 2 17 24 16 22 19 3 0 109 (24) 0 17 (37) 0 84 (2) 0 (17) 15 0 301 0 293 (6) (139) 11 2 0 30.1 (5.5) 0.3 7.2 5.3 1.2 0.3 (0.0) 15.3 8.5 1.8 2.2 (3.2) 1.9 1.3 0.0
Investing Cash Flow (282) (418) (330) (236) (195) 6 (218) 70 (207) (234) (458) (310) (257) (218) 862 2,351 529 (26) (226) 40 156 (153) (396) (84) (70) (147) (71) (126) (94) (44) 34 92 (8,675) (110) (230) (69) (224) (202) (5) (48) (1) (275) 0 52 (78) (39) (226) (275) (28) (46) 23 (1,814) (150) (448) (81) (72) (42) (79) (26) (39) (70) (76) (15) (34) (65) (13) (18) 302 (25) (18) 94 (22) 44 19.3 (14.7) (12.4) (6.8) (21.8) (18.0) (19.8) (109.8) (0.7) (14.8) (28.5) (18.7) (25.2) (17.2) (8.8) (38.3)
Financing Activities
Net Debt Issuance (139) (1,203) (1,257) 65 (2,165) (493) (847) (1,039) (1,047) (1,193) (2,415) (1,656) (107) (990) (2,500) (3,500) (327) 0 (235) 0 (339) 0 (29) (685) 500 (19) (915) (30) (453) (130) (562) (1,561) 2,009 (7) 6,547 119 21 0 59 (140) 329 730 76 (153) 185 (107) 141 (5) 411 (11) (4) (6) 1,175 (5) (6) 980 (10) (4) (5) 638 (10) (2) (3) 90 (8) (12) 1 (294) (66) (119) (189) (76) (27) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (228) (214) 0 (527) (333) (300) 0 0 0 0 0 0 0 (102) (301) (200) (236) (445) (372) (378) (375) (50) (218) (317) (355) (298) (503) (266) (336) (448) (521) 0 (234) (454) (404) (288) (265) (355) (210) (167) (567) (38) 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2) 0 0 0 (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (617) 86 20 (56) 270 (107) (28) 2 (190) (336) (210) 405 (325) (282) 187 (70) (260) (42) (38) (69) (130) (49) (31) (54) (232) (13) (134) 39 (199) (301) (267) 519 (13) (26) (167) (37) 45 13 (36) 89 (106) (558) (238) (128) 144 97 (11) 167 (5) 8 282 (231) 7 6 12 13 85 27 44 1 9 (128) (40) 8 11 (1) 27 (3) (3) 3 (357) 0.9 (10.3) (0.2) 0.3 3.8 (0.0) 0.3 (0.0) (0.0) (0.0) 0.1 200.7 4.1 1.2 0 0 0.0 31.0
Financing Cash Flow (756) (1,117) (1,237) 9 (1,895) (600) (875) (1,037) (1,237) (1,529) (2,625) (1,251) (432) (1,272) (2,313) (3,570) (587) (42) (273) (69) (469) (277) (274) (739) (259) (365) (1,349) 9 (652) (431) (829) (1,042) 2,019 (32) 6,278 (211) (84) (209) (399) (421) (155) (203) (212) (499) 12 (365) (168) (341) 140 (339) (426) (502) 1,182 (233) (448) 589 (213) (242) (354) 467 (168) (697) (43) 98 1 (13) 28 (297) (74) (116) (546) (75) (37) 8.2 0.2 3.8 (0.0) 0.3 (0.0) (0.0) (0.0) 0.1 200.7 4.1 1.2 0 0 0.0 31.0
Cash Position
Net Change in Cash (1,302) 580 (593) 917 (1,442) 1,926 (127) 231 (933) 1,889 (647) 438 (1,291) 1,417 (1,383) (269) 260 779 292 826 (114) 166 218 204 (18) 739 (508) 576 (241) 455 139 (420) (6,497) 315 6,788 (61) (33) 76 39 (148) (57) 128 30 (89) (46) (9) 4 (385) 349 (31) 64 (1,985) 1,159 (352) (145) 654 (4) 16 (63) 642 (13) (550) 303 22 68 222 62 197 48 8 (216) 16 83 52.0 (17.7) 24.2 (4.3) 2.9 (0.9) 2.0 (99.5) 22.8 216.7 (4.3) (6.5) (4.5) 8.3 15.2 6.9
Cash at Beginning 4,570 3,986 4,891 3,974 5,416 3,490 3,617 3,386 4,319 2,430 3,077 2,639 3,930 2,513 3,896 4,165 3,905 3,126 2,834 2,008 2,122 1,956 1,738 1,534 1,552 813 1,321 745 986 531 392 812 7,309 6,994 206 267 300 224 185 333 390 262 232 321 367 376 372 757 408 439 375 2,360 1,201 1,553 1,698 1,044 1,048 1,032 1,095 453 466 1,016 713 691 623 401 339 142 94 92 308 292 209 157.5 174.7 150.5 154.8 151.8 152.8 150.8 250.4 227.5 10.8 15.2 21.6 38.9 30.6 15.5 8.6
Cash at End 3,268 4,566 4,298 4,891 3,974 5,416 3,490 3,617 3,386 4,319 2,430 3,077 2,639 3,930 2,513 3,896 4,165 3,905 3,126 2,834 2,008 2,122 1,956 1,738 1,534 1,552 813 1,321 745 986 531 392 812 7,309 6,994 206 267 300 224 185 333 390 262 232 321 367 376 372 757 408 439 375 2,360 1,201 1,553 1,698 1,044 1,048 1,032 1,095 453 466 1,016 713 691 623 401 339 142 100 92 308 292 209.4 157 174.7 150.5 154.8 151.8 152.8 150.8 250.4 227.5 10.8 15.2 34.4 38.9 30.6 15.5
Free Cash Flow (476) 1,383 701 702 302 2,429 632 976 390 3,310 2,059 1,722 (930) 2,482 (192) 789 238 784 705 757 179 441 787 879 230 1,132 884 596 498 888 907 522 112 430 699 157 208 527 418 300 47 598 234 313 29 390 393 202 213 316 438 311 105 304 353 138 227 324 314 198 206 203 346 (44) 114 236 38 173 132 128 199 95 45 13.7 (13.3) 21.1 (10.8) (1.8) (1.7) 3.2 (3.5) 7.4 7.5 (10.2) (9.9) 4.9 6.4 15.5 8.2
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
Income Statement
Revenue 8,893 9,460 9,045 9,812 8,979 10,027 9,623 9,713 9,958 10,284 9,979 10,358 10,700 11,008 9,823 9,827 3,159 3,187 3,150 3,062 2,792 2,886 2,561 2,541 2,683 2,874 2,678 2,885 2,707 2,809 2,592 2,845 2,307 1,864 1,651 1,745 1,613 1,672 1,556 1,708 1,561 1,646 1,557 1,654 1,537 1,676 1,568 1,610 1,411 1,537 1,375 1,467 1,156 1,200 1,076 1,126 1,085 1,122 1,080 1,067 951 1,015 926 963 869 964 837 865 815 904 845 885 809 178.2 15 177.2 173.9 198.9 169.9 165.8 153.6 174.3 167.9 178.0 174.3 172.9 151.9 160.5 527.4
Gross Profit 4,250 2,858 4,481 3,845 3,848 4,500 4,442 3,509 3,900 4,388 4,670 3,722 4,015 4,054 4,196 3,202 1,923 2,120 1,621 2,007 1,823 1,757 1,558 1,731 1,765 1,837 1,764 1,947 1,777 1,863 1,658 1,850 1,247 1,119 981 1,111 1,006 1,027 964 1,105 969 1,006 983 1,090 972 1,078 1,039 1,095 929 1,062 940 1,030 814 872 780 828 789 792 752 779 678 724 665 709 602 666 586 614 563 638 583 631 567 49.3 4 55.6 55.9 63.1 58.4 56.2 56.0 64.2 58.6 62.4 63.4 67.7 60.7 64.4 345.6
Operating Income 549 536 611 (185) (37) 162 281 (10,208) (267) (182) 97 (906) (557) (1,894) (2,190) (3,639) 353 508 329 779 396 488 531 717 779 705 619 911 774 711 369 650 204 (837) 433 630 487 525 458 586 489 441 505 557 482 476 511 640 434 521 488 549 416 481 438 488 448 421 428 445 507 394 312 372 282 292 221 497 248 284 296 208 269 (162.0) (4) (2.9) (1.2) (8.7) (97.3) (6.2) (2.9) 2.1 (1.4) (5.0) 2.9 1.9 3.5 5.7 77.8
Net Income (2,916) (252) (148) 1,580 (453) (494) 135 (9,986) (966) (400) (417) (1,240) (1,069) (2,101) (2,308) (3,418) 456 38 156 672 140 271 300 271 377 476 262 947 384 269 117 216 (8) (1,144) 218 374 215 304 219 408 263 219 279 286 250 250 280 379 230 289 255 300 231 224 205 293 221 336 237 254 305 191 186 107 169 155 100 179 119 106 134 43 34 (170.6) 7 74.2 20.5 5.3 (76.6) 13.7 11.6 11.2 1.2 4.0 16.8 15.7 16.2 22.3 20.9
EPS (Diluted) -1.17 -0.10 -0.06 0.63 -0.18 -0.20 0.05 -4.07 -0.40 -0.16 -0.17 -0.51 -0.44 -0.86 -0.95 -1.50 0.69 0.08 0.24 1.01 0.21 0.42 0.44 0.40 0.55 0.67 0.35 1.33 0.53 0.38 0.16 0.30 -0.01 -1.93 0.38 0.64 0.37 0.52 0.36 0.66 0.42 0.34 0.43 0.44 0.37 0.38 0.41 0.54 0.33 0.41 0.36 0.41 0.32 0.30 0.28 0.38 0.28 0.43 0.30 0.31 0.37 0.23 0.22 0.13 0.20 0.18 0.11 0.22 0.14 0.13 0.22 0.08 0.06 -0.30 0.01 0.13 0.04 0.01 -0.13 0.03 0.02 0.02 0.00 0.01 0.03 0.03 0.03 0.04 0.04
Balance Sheet
Cash & Equivalents 3,264 4,566 3,986 4,888 3,868 5,312 3,336 3,613 2,976 3,780 2,383 3,027 2,594 3,731 2,422 2,575 4,162 3,905 3,116 2,834 2,008 2,091 1,893 1,683 1,453 1,552 813 1,321 745 986 531 392 812 7,309 6,994 206 267 300 224 185 333 390 262 232 321 367 376 372 757 408 439 375 2,360 1,201 1,553 1,698 1,044 1,048 1,032 1,095 453 466 1,016 713 691 623 401 339 142 100 92 226.0 222.6 8 157.5 174.7 150.5 155 151.8 152.8 150.8 250.4 227.5 10.8 15.2 21.6
Total Assets 97,837 100,085 100,519 101,727 101,679 104,560 106,333 108,029 119,819 122,757 123,749 128,618 130,584 134,001 136,049 142,240 33,799 34,427 34,318 34,572 33,625 34,087 33,438 33,089 33,390 33,735 32,825 33,845 32,444 32,550 32,912 33,492 34,658 22,555 23,143 16,149 15,862 15,672 15,850 15,690 15,878 15,864 15,919 15,729 15,782 15,970 16,373 16,105 15,311 14,979 14,867 14,687 14,421 12,930 12,687 12,810 11,935 11,913 11,801 11,836 11,108 11,019 11,398 11,074 10,952 10,952 10,741 10,696 10,475 10,484 10,445 6,019.4 5,935.8 5,866 6,053.1 6,041.5 5,895.2 5,871 5,854.9 5,884.9 5,849.4 5,819.2 5,824.7 5,583.8 5,577.7 5,564.8
Total Debt 32,466 32,567 33,746 34,632 37,426 39,505 40,209 40,958 42,578 43,669 44,800 47,277 48,930 48,999 49,869 52,485 14,399 14,759 14,785 15,047 15,026 15,404 15,317 15,283 15,874 15,419 15,368 16,509 16,343 16,793 17,482 18,329 19,367 14,785 14,708 8,263 8,102 7,923 7,996 7,939 7,990 7,735 7,057 7,205 7,489 7,109 7,148 7,074 6,918 6,499 6,508 6,478 6,429 5,243 5,231 5,226 4,237 4,245 4,249 4,257 3,612 3,618 3,613 3,611 3,491 3,495 3,511 3,474 3,723 3,797 3,904 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 32,578 35,919 36,018 36,049 33,836 34,037 35,100 34,345 44,151 45,226 44,774 45,452 46,496 47,095 48,517 51,383 11,969 11,599 11,611 11,538 10,815 10,464 10,087 9,867 9,470 9,891 9,518 9,621 8,708 8,386 8,116 7,936 7,889 4,610 5,740 5,526 5,335 5,167 5,204 5,345 5,366 5,451 5,645 5,485 5,289 5,602 5,883 6,031 6,180 6,196 6,220 6,269 6,240 6,291 6,265 6,471 6,565 6,517 6,402 6,513 6,408 6,225 6,683 6,486 6,359 6,197 6,028 5,903 5,653 5,536 5,519 4,577.4 4,524.6 4,495 4,670.0 4,654.0 4,570.4 4,549 4,540.1 4,611.5 4,591.0 4,575.4 4,567.1 4,368.2 4,360.6 4,347.3
Cash Flow
Operating Cash Flow (208) 1,804 979 983 553 2,715 847 1,228 585 3,578 2,516 2,014 (631) 2,846 124 1,011 323 884 811 834 269 553 860 991 335 1,232 951 674 542 929 931 556 160 462 724 188 255 546 444 328 62 625 258 331 63 425 420 232 241 355 460 339 131 328 382 141 248 340 329 214 217 223 355 (36) 126 250 47 186 151 146 241 115 67 24.5 (2.4) 32.8 2.6 24.5 17.1 21.8 10.3 23.5 30.8 20.0 11.0 20.7 25.6 23.9 14.2
Capital Expenditure (268) (421) (278) (281) (251) (286) (215) (252) (195) (268) (457) (292) (299) (364) (316) (222) (85) (100) (106) (77) (90) (112) (73) (112) (105) (100) (67) (78) (44) (41) (24) (34) (48) (32) (25) (31) (47) (19) (26) (28) (15) (27) (24) (18) (34) (35) (27) (30) (28) (39) (22) (28) (26) (24) (29) (3) (21) (16) (15) (16) (11) (20) (9) (8) (12) (14) (9) (13) (19) (18) (42) (20) (22) (10.8) (10.9) (11.7) (13.4) (26.3) (18.8) (18.6) (13.8) (16.0) (23.4) (30.2) (20.9) (15.9) (19.1) (8.4) (5.9)
Free Cash Flow (476) 1,383 701 702 302 2,429 632 976 390 3,310 2,059 1,722 (930) 2,482 (192) 789 238 784 705 757 179 441 787 879 230 1,132 884 596 498 888 907 522 112 430 699 157 208 527 418 300 47 598 234 313 29 390 393 202 213 316 438 311 105 304 353 138 227 324 314 198 206 203 346 (44) 114 236 38 173 132 128 199 95 45 13.7 (13.3) 21.1 (10.8) (1.8) (1.7) 3.2 (3.5) 7.4 7.5 (10.2) (9.9) 4.9 6.4 15.5 8.2