WESCO International, Inc. logo WCC - WESCO International, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 21
HOLD 11
SELL 0
STRONG
SELL
0
| PRICE TARGET: $366.63 DETAILS
HIGH: $415.00
LOW: $307.00
MEDIAN: $375.00
CONSENSUS: $366.63
UPSIDE: 0.84%
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 6,080.1 6,068.6 6,199.1 5,899.6 5,343.7 5,499.7 5,489.4 5,479.7 5,350 5,473.4 5,644.4 5,745.5 5,521.9 5,558.5 5,445.9 5,483.5 4,932.2 4,851.9 4,728.3 4,595.8 4,041.5 4,128.8 4,141.8 2,086.7 1,968.6 2,099.5 2,148.1 2,150.1 1,961.3 2,011.4 2,067.2 2,104.0 1,993.9 1,996.6 2,000.2 1,909.6 1,772.6 1,793.3 1,855.2 1,911.6 1,776.0 1,861.5 1,923.9 1,916.7 1,816.3 1,995.5 2,078.2 2,005.2 1,810.8 1,880.1 1,931.3 1,894.0 1,808.1 1,644.4 1,656.2 1,672.7 1,606.0 1,589.5 1,580.4 1,524.5 1,431.3 1,331.6 1,324.6 1,259.1 1,148.6 1,132.7 1,152.4 1,159.2 1,179.6 1,429.8 1,628.1 1,587.8 1,465.2 1,489.2 1,545.6 1,518.1 1,450.6 1,376.1 1,343.1 1,336.0 1,265.5 1,236.7 1,131.4 1,062.1 990.9 987.9 974.5 931.0 847.8 850.1 820.2 815.5 848.4 880.3 944.1 928.1 993.8 976.3 990.9 925.0
Cost of Revenue 4,839 4,844.1 4,939.8 4,711.1 4,218.1 4,335.7 4,276.7 4,281.7 4,212.1 4,302.6 4,422.4 4,503.1 4,313.4 4,340.2 4,241.4 4,294.1 3,883.1 3,844.0 3,720.3 3,630.6 3,230.4 3,356.9 3,356.3 1,692.9 1,592.2 1,709.7 1,747.9 1,741.1 1,578.8 1,621.1 1,670.0 1,704.1 1,614.0 1,613.5 1,614.8 1,543.5 1,422.6 1,444.7 1,490.2 1,532.1 1,420.8 1,498.0 1,543.1 1,535.1 1,448.6 1,593.3 1,655.8 1,593.4 1,436.0 1,503.9 1,535.6 1,501.4 1,427.0 1,307.1 1,317.4 1,337.1 1,286.3 1,261.5 1,264.7 1,217.7 1,145.3 1,061.3 1,066.8 1,016.2 921.2 915.8 931.5 935.3 941.4 1,145.4 1,311.7 1,277.4 1,169.6 1,187.3 1,232.5 1,210.0 1,151.5 1,088.8 1,067.4 1,065.4 1,012.4 984.1 923.1 867.5 805.7 802.9 791.9 747.3 686.9 690.0 669.3 666.3 699.0 727.9 779.3 760.9 823.2 797.4 817.1 760.0
Gross Profit 1,241.1 1,224.5 1,259.3 1,188.5 1,125.6 1,164 1,212.7 1,198 1,137.9 1,170.8 1,222 1,242.4 1,208.5 1,218.3 1,204.5 1,189.4 1,049.1 1,007.9 1,008.0 965.2 811.0 772.0 785.5 393.8 376.4 389.8 400.2 409.0 382.5 390.3 397.2 399.9 379.9 383.2 385.3 366.1 350.0 348.5 365.0 379.5 355.2 363.6 380.8 381.6 367.7 402.2 422.4 411.7 374.8 376.2 395.7 392.6 381.1 337.3 338.8 335.7 319.8 328.0 315.6 306.8 286.1 270.3 257.8 243.0 227.4 217.0 220.9 223.9 238.2 284.3 316.4 310.3 295.6 301.9 313.1 308.1 299.0 287.2 275.7 270.6 253.1 252.6 208.3 194.6 185.2 185.0 182.6 183.7 160.9 160.1 150.9 149.2 149.5 152.3 164.8 167.1 170.5 179.0 173.9 165.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 947.6 899.9 901.9 858.2 835.2 792.7 830.6 828.4 816.6 871 796.4 831.7 806.2 793.1 750.4 772.9 718.1 733.7 721.8 699.6 636.6 637.9 562.0 359.8 299.4 289.9 290.9 295.8 296.5 284.2 284.1 292.9 290.8 285.5 280.5 267.7 267.4 249.9 255.5 274.5 269.3 257.0 258.2 275.2 264.6 260.9 271.7 278.7 265.5 248.6 255.2 265.5 227.5 275.9 225.8 231.2 228.1 227.8 216.2 214.2 213.8 204.0 190.6 186.0 183.0 168.2 168.3 169.9 187.5 204.6 211.3 206.8 211.6 193.5 194.8 195.3 207.6 184.6 168.8 169.5 169.9 170.8 157.3 142.0 142.7 141.5 137.2 136.2 129.6 127.6 126.8 125.7 123.4 124.1 129.2 136.8 141.1 130.3 129.8 128.1
Other Expenses 0 0 0 0 49.5 70.2 46.5 46.1 58.3 (15.9) 45.1 46.9 55.9 43.4 52.5 45.8 47 53.9 56.7 46.7 41.2 41.3 45.5 18.8 16.1 16.1 15.6 15.2 15.2 15.7 15.6 15.8 15.9 16.3 16.1 15.7 16.0 16.6 16.9 17.0 16.4 16.6 16.3 16.1 15.9 17.0 17.4 17.2 16.4 17.0 16.8 17.2 16.7 11.1 9.9 8.4 8.1 8.7 7.7 7.6 7.5 6.3 6.0 5.6 6.1 6.1 6.4 6.4 7.2 6.6 6.5 6.7 6.9 9.6 9.0 9.2 8.9 9.4 6.7 6.3 6.3 7.3 3.7 3.7 3.9 4.0 4.4 4.7 5.0 7.2 5.1 5.2 4.4 8.1 7.6 7.4 6.4 6.3 6.0 5.5
Operating Expenses 947.6 899.9 901.9 858.2 884.7 862.9 877.1 874.5 874.9 855.1 841.5 878.6 862.1 836.5 802.9 818.7 765.1 787.6 778.5 746.3 677.8 679.2 607.4 378.5 315.5 306.0 306.5 311.0 311.8 299.8 299.7 308.7 306.7 301.7 296.6 283.5 283.4 266.5 272.5 291.5 285.7 273.6 274.4 291.4 280.5 278.0 289.1 295.9 281.8 265.6 272.0 282.7 244.2 287.0 235.7 239.6 236.2 236.6 223.9 221.9 221.3 210.2 196.5 191.6 189.1 174.4 174.7 176.3 194.6 211.1 217.8 213.5 218.6 203.1 203.8 204.5 216.5 194.1 175.5 175.8 176.2 178.1 161.0 145.7 146.6 145.6 141.7 140.8 134.6 134.8 131.9 130.9 127.8 132.2 136.8 144.2 147.5 136.6 135.8 133.6
Operating Income
Operating Income 293.5 324.6 357.4 330.3 240.9 301.1 335.6 323.5 263 315.7 380.5 363.8 346.4 381.8 401.6 370.7 284 220.3 229.5 218.9 133.3 92.8 178.1 15.3 60.9 83.8 93.7 98.0 70.7 90.5 97.5 91.2 73.2 81.4 88.8 82.7 66.6 82.0 92.6 88.0 69.5 90.0 106.3 90.3 87.2 124.2 133.2 115.8 93.0 110.6 123.6 109.9 136.9 50.3 103.0 96.1 83.5 91.5 91.8 85.0 64.7 60.0 61.2 51.4 38.3 42.6 46.2 47.6 43.5 73.2 98.6 96.8 77.1 98.8 109.3 103.6 82.5 93.2 100.2 94.7 76.9 74.5 47.3 48.9 38.6 39.4 40.9 42.9 26.3 25.3 19.0 18.3 21.6 20.2 28.0 22.9 23.0 42.4 38.1 31.4
Interest Expense 96.7 108.6 99 92.9 86.3 85.1 86.5 98.8 94.4 97 98.5 98.8 95 87.3 75.1 68.5 63.6 60.4 69.7 67.6 70.4 74.3 74.5 61.3 16.6 16.2 14.3 17.3 17.1 16.8 17.1 17.7 19.8 0 17.3 16.8 16.7 0 20.8 19.5 18.8 69.8 20.4 18.6 20.9 20.2 20.8 20.3 20.7 20.6 21,304 21,769 21,926 14.7 12.7 11.5 9 12.0 15.1 13.9 12.6 15.9 13.7 14.4 13.5 13.8 13.6 13.8 12.5 0.1 0.0 12.5 14.6 0.1 0.0 0.0 0.0 0.0 5.1 5.6 6.4 0.0 0.0 6.8 0.0 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 344.2 386.4 415.5 384.5 289.1 340.1 406.5 465.5 286.9 350.1 421.9 409.9 380.7 428.2 443.7 415.3 329.9 265.3 291.5 266.4 177.3 132.6 224.3 34.7 77.1 99.9 110.1 113.1 86.0 106.2 113.1 107.0 89.1 97.7 104.8 98.4 82.6 98.6 109.5 104.9 85.9 106.6 122.6 106.4 103.1 141.2 150.7 133.0 109.3 127.5 140.4 127.0 153.6 61.4 112.9 104.5 91.6 100.2 99.4 92.6 72.3 66.3 67.2 58.8 46.9 49.6 59.9 55.1 52.3 89.1 107.4 106.2 86.8 109.7 119.3 113.7 92.4 103.4 107.4 101.6 83.8 81.8 51.4 52.9 42.8 46.3 45.3 49.1 31.4 581.6 24.4 23.5 26.3 28.2 35.6 30.8 29.5 49.7 44.1 37.3
EBIT 293.5 324.6 357.4 330.3 240.7 294.5 360.5 419.4 241.4 305.2 376.8 363 336.3 384.8 400.9 369.5 282.9 211.4 234.8 219.7 136.1 91.3 178.9 16.0 61.0 83.8 94.5 98.0 70.7 90.5 97.5 91.2 73.2 81.4 88.8 82.7 66.6 82.0 92.6 88.0 69.5 90.0 106.3 90.3 87.2 124.2 133.2 115.8 93.0 110.6 123.6 109.9 136.9 50.3 103.0 96.1 83.5 91.5 91.8 85.0 64.7 60.0 61.2 53.1 40.8 43.5 53.5 48.7 45.2 82.6 100.8 99.5 79.8 98.8 109.3 103.6 82.5 93.2 100.2 94.7 76.9 74.5 47.3 48.9 38.6 39.4 40.9 42.9 26.3 574.3 19.0 18.3 21.6 20.2 28.0 22.9 23.0 42.4 38.1 31.4
Income Before Tax 197.2 218.5 246.4 236.6 154.4 209.4 274 320.6 147 208.2 278.3 264.2 241.3 290.5 325.8 301 219.3 199.1 165.1 152.1 65.7 19.4 104.3 (45.3) 44.4 67.6 80.2 80.6 53.6 73.7 80.4 73.5 53.5 63.8 72 66.3 50.4 64.6 (52.1) 68.5 50.7 80.1 85.9 71.7 66.3 103.9 112.4 95.6 72.3 76.8 100.1 88.1 115 68.2 90.4 84.5 74.5 79.5 76.7 71.1 52.1 44.2 47.5 38.7 27.3 29.7 39.9 34.9 32.6 64.1 88.7 86.9 65.3 82.2 91.7 86.8 70.3 80.0 89.3 82.9 65.5 57.4 37.1 39.1 17.4 26.3 28.2 29.8 15.2 13.4 7.2 5.3 3.2 6.5 12.5 5.9 (4.2) 24.3 21.4 15.2
Income Tax Expense 43.1 57.6 57.8 61.8 36.1 43.5 69.3 87.8 30.9 65.7 44.3 71.8 44.1 71.4 85.6 79.9 37.7 31.3 44.9 32.8 6.5 (0.9) 24.3 (10.9) 10.3 14.9 15.9 17.4 11.6 15.6 13.8 15.8 10.5 41.6 18.4 16.8 12.6 16.8 (21.1) 18.6 16.2 31.5 23.5 21 19.5 30.0 31.6 26.7 20.4 18.8 31 22.7 30.9 19.6 27 25.6 21.6 24.7 22.8 20.9 14.8 9.3 13.8 10.9 8.1 7.9 6.3 8.5 9.4 22.2 22.8 26.8 20.4 21.1 20.0 27.2 22.2 21.7 29.9 27.7 21.0 17.7 12.1 11.6 6.0 9.2 9.2 10.7 5.5 3.9 (0.2) 1.3 3.2 2.4 5.0 2.4 (1.0) 9.7 8.5 6.1
Net Income 153.8 159.9 187.5 174.5 118.4 165.4 204.3 232.1 115.8 141.9 233.4 193.1 197.1 218.9 239.6 220.7 181.2 167.4 119.6 119.2 59.2 20.0 80.7 (34.5) 34.4 53.1 64.5 63.5 42.4 58.1 66.8 57.9 44.4 22.5 53.7 49.5 37.7 47.3 (31.6) 49.8 36.1 48.4 63.5 51.7 47.0 74.4 80.8 68.8 51.9 58.0 69.2 65.3 84.0 26.5 63.4 58.9 53.0 54.8 53.9 50.2 37.3 34.8 33.7 27.8 19.2 21.8 33.6 26.5 23.3 41.9 63.7 58.0 42.7 61.0 71.8 59.7 48.2 58.3 59.4 55.2 44.5 39.7 25.0 27.4 11.3 17.1 19.0 19.1 9.7 9.4 7.3 4.7 5.6 4.1 7.5 3.5 (3.2) 14.6 12.8 9.2
Per Share Data
EPS (Basic) 3.11 3.40 3.85 3.88 2.13 3.09 3.87 4.34 1.99 2.51 4.28 3.48 3.58 4.03 4.43 4.07 3.30 3.03 2.09 2.08 0.89 0.40 1.32 -0.69 0.82 1.27 1.54 1.49 0.95 1.29 1.43 1.23 0.94 0.48 1.14 1.03 0.77 0.98 -0.65 1.18 0.85 1.15 1.51 1.19 1.06 1.68 1.82 1.55 1.17 1.31 1.57 1.48 1.91 1.10 1.25 1.15 1.03 1.07 1.11 1.00 0.86 0.81 0.74 0.65 0.45 0.51 0.79 0.62 0.55 0.99 1.51 1.36 1.00 1.43 1.62 1.30 0.98 1.19 1.21 1.13 0.93 0.83 0.53 0.58 0.24 0.36 0.45 0.46 0.24 0.23 0.16 0.11 0.12 0.09 0.17 0.08 -0.07 0.32 0.28 0.20
EPS (Diluted) 3.11 3.34 3.79 3.83 2.10 3.03 3.81 4.28 1.95 2.45 4.20 3.41 3.48 3.90 4.30 3.95 3.19 2.93 2.02 2.02 0.87 0.39 1.31 -0.69 0.82 1.26 1.52 1.45 0.93 1.26 1.41 1.22 0.93 0.47 1.12 1.02 0.76 0.96 -0.65 1.02 0.77 1.03 1.28 1.00 0.90 1.42 1.52 1.29 0.97 1.09 1.32 1.25 1.60 0.95 1.25 1.15 1.03 1.07 1.11 1.00 0.74 0.69 0.74 0.60 0.44 0.50 0.79 0.62 0.55 0.98 1.48 1.33 0.97 1.39 1.54 1.22 0.93 1.13 1.13 1.05 0.86 0.77 0.51 0.56 0.23 0.35 0.43 0.44 0.23 0.22 0.16 0.10 0.12 0.09 0.16 0.07 -0.06 0.31 0.27 0.19
Shares Outstanding 49.5 48.7 48.7 48.8 48.8 48.8 49.1 50.2 50.9 50.9 51.2 51.3 51 50.8 50.8 50.7 50.6 50.5 50.4 50.3 50.1 50.1 50.0 50.0 41.9 41.8 41.8 42.5 44.9 45.1 46.8 47.1 47.1 47.0 47.0 48.0 48.8 48.6 48.6 42.2 42.2 42.2 42.2 43.6 44.3 44.3 44.5 44.5 44.4 44.3 44.2 44.1 44.1 44.1 50.7 51.1 51.3 51.3 48.5 50.3 43.1 43.1 45.5 42.4 42.4 42.4 42.3 42.2 42.2 42.2 42.2 42.5 42.7 42.7 44.3 45.9 49.1 49.1 49.1 48.8 47.8 47.8 47.2 47.3 47.3 47.3 42.3 41.5 40.5 40.5 45.9 44 46.4 45.6 44.2 43.6 43.6 44.9 45.5 46.2
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
Current Assets
Cash & Cash Equivalents 696.6 604.8 571.9 667 681.6 702.6 706.8 716.5 984.1 524.1 631.4 529 349.1 527.3 234.1 236.8 201.5 212.6 251.8 287.9 303.9 449.1 352.2 265.2 342.6 150.9 138.2 87.2 106.1 96.3 142.8 110.9 123.9 118 94.1 87.8 103 110.1 112.8 160.3 147.8 95.8 121.1 112.3 103.3 105.1 64.5 9.4 13.8 27.5 33.2 31.4 22.6 25.8 3.0 4.9 3.1 21.1 18.1 17.2 38.6 8.8 31.8 41.3 28 8.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 4,752 4,592 4,706.7 4,353.5 3,994 3,870.7 4,027.9 4,057.4 3,907.2 4,070 4,206.7 4,231 4,151.7 4,098.4 4,010.8 4,026.8 3,641.7 3,333.5 3,279.2 3,109.0 2,809.7 2,706.1 2,721.5 2,647.1 1,292.0 1,187.4 1,397.4 1,421.2 1,343.9 1,166.6 1,346.6 1,319.7 1,276.4 1,170.1 1,319.2 1,214.3 1,127.8 1,125.1 1,170.6 1,173.3 1,150.6 769.8 748.7 696.7 742.5 754.0 973.6 286.6 346.6 298.4 286.6 257.7 208.3 256.6 284.0 266.2 289.4 302.3 284.8 294.4 263.5 230.8 231.7 261.4 212.2 211.1
Inventory 4,213.1 4,008.8 4,059.1 3,971.2 3,740.2 3,501.7 3,630.1 3,505.8 3,525.4 3,572.1 3,541.4 3,584.3 3,729.5 3,498.8 3,490.1 3,165.8 2,881.3 2,666.2 2,569.8 2,436.5 2,290.5 2,163.8 2,357.6 2,368.8 950.5 1,011.7 962.0 1,004.1 1,001.4 948.7 926.8 935.2 949.5 956.1 925 866.3 850.1 821.4 832.5 831.1 844.1 531.5 507.1 507.2 516.7 561.1 648.1 379.6 349.1 321.0 337.9 336.5 338.8 353.1 416.6 433.3 439.1 421.1 434.7 435.9 414.0 397.7 387.2 385.3 349.1 343.8
Other Current Assets 291.9 250.6 228.6 251.9 271 276.4 318.7 256.4 496.1 0 231.9 239.1 217.8 0 0 0 0 0 0 0 0 0 0 0 0 98.0 82.4 65.7 75.3 121.9 80.7 62.4 71.3 124.5 82.6 69.3 67.2 69.3 68.5 55.4 59.1 1.6 1.7 1.7 2.9 2.9 17.0 0 0 0 0 0 (1.6) 10.8 13.8 22.3 12.3 14.2 16.5 15.2 15.4 16.5 23.6 19.6 19.4 19.1
Total Current Assets 9,953.6 9,456.2 9,566.3 9,243.6 8,686.8 8,351.4 8,683.5 8,536.1 8,912.8 8,391.6 8,611.4 8,583.4 8,448.1 8,330.5 7,897.1 7,606.5 6,879.0 6,350.1 6,215.5 5,995.7 5,575.1 5,507.0 5,597.4 5,438.4 2,777.5 2,540.4 2,578.5 2,584.8 2,513.8 2,385.6 2,506.5 2,447 2,418.7 2,408.9 2,410.1 2,305.6 2,203.4 2,172.4 2,243.8 2,306.7 2,274.4 1,404.5 1,391.5 1,331.0 1,379.7 1,432.9 1,713.4 686.1 718.6 656.3 670.1 636.9 577.1 653.5 724.0 733.3 751.5 764.2 754.1 762.8 731.6 653.8 674.3 707.6 608.7 582.1
Non-Current Assets
Property, Plant & Equipment 0 1,355.1 1,340.2 1,298.2 1,221.6 1,178 1,189.3 1,200.2 1,196.4 1,184.8 1,107.6 1,093 1,062.2 1,027.8 947.2 940.5 941.3 909.9 910.0 894.7 910.6 933.9 940.4 952.8 455.6 417.3 411.7 405.8 399.7 160.9 157.1 157.5 156.4 156.4 157.6 155.2 156.6 157.6 160.9 163.9 167.5 114.4 114.6 116.3 117.2 116.9 104.7 94.0 96.5 98.9 104.3 106.9 110.2 111.5 121.8 124.3 123.0 123.5 121.1 119.1 118.0 116.6 113.4 109.1 112.4 109.6
Goodwill 3,331.6 3,343.4 3,331.3 3,351.7 3,299.8 3,280.1 3,217.7 3,203.1 3,182.5 3,262.3 3,237.7 3,266.6 3,244.8 3,240.9 3,123.4 3,190.7 3,222.5 3,208.3 3,201.7 3,223.5 3,199.5 3,187.2 3,118.8 3,107.3 1,718.0 1,759.0 1,746.1 1,752.8 1,740.8 1,722.6 1,755.3 1,744.7 1,755.7 1,771.9 1,776.9 1,741.5 1,725.5 1,720.7 1,735.7 1,740.2 1,762.7 876.9 866.0 863.4 863.2 863.0 906.5 0 0 0 0 0 0 311.8 0 0 0 274.9 0 0 0 0 0 0 0 234
Intangible Assets 1,745.9 1,769.2 1,789.1 1,815.1 1,829.1 1,835.9 1,811.2 1,816.4 1,831 1,857.6 1,874.9 1,902 1,921.5 1,943.4 1,853.5 1,888.9 1,922.3 1,944.1 1,977.8 2,020.5 2,046.0 2,065.5 2,078.5 2,095.5 267.6 287.3 293.5 304.4 310.5 316.0 334.0 340.6 353.3 367.1 378.2 380.4 385.3 393.4 407.4 420.1 421.7 77.6 79.5 81.3 85.0 86.8 137.2 398.0 398.7 398.7 314.3 314.7 314.1 0 307.2 310.7 310.3 277.8 260.1 261.9 262.8 249.2 252.3 252.3 247.2 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40.0 44.0 45.1 45.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1,933.6 525.3 480.5 448 434.2 374.1 335.2 314 376.8 322.3 337 317.7 294.6 234.9 259.4 236.7 219.9 171.0 176.0 164.5 147.1 149.0 133.2 138.1 12.3 2.4 17.7 20.1 20.0 3.5 25.8 25.3 29.3 7.0 41.7 41.0 40.5 31.0 61.5 61.9 64.4 12.3 12.7 24.7 12.0 11.5 18.2 6.3 9.3 7.3 9.3 16.6 13.8 14.6 5.4 5.3 5.5 7.5 8.2 8.4 8.9 9.2 12 20.8 26.6 6
Total Non-Current Assets 7,011.1 7,038.7 6,987 6,958.9 6,828.3 6,710 6,591.5 6,572.4 6,626.2 6,669.3 6,557.2 6,579.3 6,523.1 6,481.2 6,183.5 6,256.8 6,306.1 6,267.6 6,265.5 6,303.3 6,303.1 6,373.6 6,270.9 6,293.6 2,453.5 2,477.2 2,468.9 2,483.1 2,470.9 2,219.4 2,272.3 2,268 2,294.6 2,326.6 2,354.3 2,318.1 2,307.9 2,318.5 2,365.5 2,386 2,416.4 1,116.8 1,147.7 1,163.2 1,139.8 1,139.8 1,166.5 498.3 504.4 504.9 427.9 438.2 438.1 438.0 434.4 440.3 438.8 405.8 389.3 389.4 389.6 375 377.7 382.2 386.2 368.4
Total Assets 16,964.7 16,494.9 16,553.3 16,202.5 15,515.1 15,061.4 15,275 15,108.5 15,539 15,060.9 15,168.6 15,162.7 14,971.2 14,811.7 14,080.6 13,863.3 13,185.0 12,617.7 12,481.0 12,299.1 11,878.3 11,880.2 11,868.3 11,732.0 5,231.0 5,017.6 5,047.4 5,067.9 4,984.7 4,605 4,778.8 4,715 4,713.3 4,735.5 4,764.4 4,623.7 4,511.3 4,490.9 4,609.3 4,692.7 4,690.8 2,521.3 2,539.2 2,494.2 2,519.5 2,572.7 2,879.9 1,184.4 1,223.1 1,161.2 1,098.0 1,075.1 1,015.1 1,091.5 1,158.4 1,173.6 1,190.3 1,170.0 1,143.4 1,152.2 1,121.2 1,028.8 1,052 1,089.8 994.9 950.5
Current Liabilities
Account Payables 3,470.5 3,030.5 3,375.1 3,291.4 3,025.8 2,670.6 2,839.1 2,688.9 2,974.3 2,431.5 2,650 2,662.7 2,648.3 2,728.2 2,578.7 2,652.3 2,341.1 2,140.3 2,246.5 2,192.8 1,955.4 1,707.3 1,830.9 1,660.1 804.3 830.5 849.6 868.6 870.2 794.3 813.4 818.2 805.4 799.5 838.4 769.0 712.4 684.7 699.5 712.9 734.9 540.7 534.5 453.2 487.5 524.3 680.1 443.8 434.9 366.4 374.6 367.0 346.5 389.7 430.3 512.8 469.6 460.5 461.1 487.6 480.8 407 435.8 441.5 397.1 378.6
Short-Term Debt 22.8 223.9 28 27.3 21 19.5 14.9 13.8 11.1 8.6 14.7 9.2 7.6 70.5 69.3 70.6 70.3 9.5 19.3 367.0 20.8 528.8 28.8 27.7 38.4 26.7 44.7 60.1 50.9 74.0 62.6 65.0 70.0 72.9 67.1 54.7 62.7 51.5 72.6 85.4 95.6 118.5 121.5 126.2 25.1 267.3 561.3 32.2 2.1 2.1 6.1 6.1 5.8 5.5 1.5 1.5 0.0 0.6 2.2 4.4 3.9 3.8 2.4 2.4 12.2 0
Deferred Revenue 0 151.4 118.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,194.9 607.7 807.4 899.6 820.4 871.6 854.6 854.4 902.6 756.6 826.8 769.2 761.4 749.5 680.2 659.8 666.4 585.1 587.0 522.2 592.3 552.3 534.5 494.2 168.8 177.4 160.1 152.7 169.6 105.5 102.5 88.4 98.8 95.8 87.1 102.9 117.8 78.4 138.7 123.2 115.4 80.7 67.2 70.6 61.6 51.7 76.2 35.0 70.7 64.1 32.1 34.9 30.8 29.8 36.0 15.0 46.8 37.7 59.5 58.2 50.7 44 48.7 42.1 94.8 87.9
Total Current Liabilities 4,688.2 4,296.8 4,579.7 4,431.2 4,035.5 3,804 3,928.5 3,748.3 4,035.9 3,388.4 3,653.6 3,581.7 3,538.9 3,817.3 3,567.6 3,592.8 3,262.1 3,049.8 3,138.1 3,302.0 2,726.0 2,987.0 2,540.9 2,301.7 1,040.5 1,084.1 1,104.5 1,124.8 1,150.7 1,061.9 1,051.5 1,025.9 1,021.6 1,041.0 1,043.5 964.4 920.1 873.8 960.0 970.9 983.3 778.3 749.8 680.8 600.3 876.9 1,362.3 534.9 526.1 479.7 431.1 420.9 402.9 440.1 483.8 557.2 533.0 525.8 522.7 550.2 535.3 454.8 486.9 486 504.1 466.5
Non-Current Liabilities
Long-Term Debt 5,738.1 6,460.7 5,721.9 5,641.2 5,136.6 5,045.5 5,007.8 5,203.4 5,183.8 5,313.1 5,378.3 5,523.1 5,595.1 5,346 5,192.8 5,039.9 4,836.7 4,701.5 4,565.8 4,303.1 4,592.7 4,370.0 4,878.1 5,068.5 1,542.6 1,257.1 1,346.3 1,399.5 1,214.3 1,167.3 1,229.3 1,261.7 1,292.1 1,313.3 1,368.3 1,334.5 1,309.8 1,363.1 1,418.7 1,360.7 1,391.2 483.8 541.0 597.9 929.9 757.2 801.6 403.4 422.6 420.0 444.2 442.4 412.2 453.6 489.8 438.2 488.7 482.7 457.6 447.9 440.0 422.5 421 476.5 582.6 579.2
Deferred Tax Liabilities 455.8 427.2 414.4 414.3 417.7 415.6 440.4 442.5 457.7 451.9 458.3 477.3 472.1 460.7 443.2 439.5 434.7 437.4 485.5 488.7 474.3 488.3 524.0 537.6 147.0 146.6 147.8 147.3 145.5 144.0 147.0 140.5 138.8 136.9 179.6 165.7 160.5 158.0 181.2 361.9 368.8 190.5 193.0 191.1 142.2 139.6 116.0 34.2 34.2 34.2 28.3 29.6 29.5 27.1 36.4 33.8 32.6 31.6 26.9 27.0 27.0 26.7 23.1 19.6 18.9 0
Other Non-Current Liabilities 235 (516.3) 231.8 241.8 239.5 216 236.9 223.7 240.3 233.9 220.5 221 234.9 227.8 229.6 230.1 238.2 238.4 288.0 288.7 285.8 283.7 292.4 293.5 85.6 91.4 80.0 83.6 99.2 102.1 119.1 121.1 127.9 128.2 65.8 63.9 63.4 63.0 56.8 56.5 54.0 28.6 28.1 28.1 25.6 23.3 28.3 10.4 59.9 59.6 5.6 5.2 5.7 6.2 7.9 8.1 8.0 6.8 7.6 7.4 7.6 7.5 6.9 7.6 7.1 47.4
Total Non-Current Liabilities 7,178.6 7,171.7 7,131.9 7,016.3 6,449.5 6,291.9 6,309.7 6,508.9 6,525.3 6,640.6 6,632.5 6,780.7 6,842.6 6,544.9 6,321.0 6,159.1 5,955.4 5,791.7 5,761.1 5,472.1 5,752.6 5,556.8 6,114.2 6,329.9 1,988.3 1,674.9 1,756.2 1,808.3 1,637.6 1,413.4 1,495.4 1,523.3 1,558.8 1,578.4 1,613.7 1,564.2 1,533.7 1,594.4 1,656.7 1,779.2 1,814.0 702.9 762.1 817.1 1,097.7 920.1 945.9 448.0 516.8 513.8 478.1 477.2 447.4 486.8 534.0 480.1 529.2 510.6 492.2 482.3 474.6 456.7 451 503.7 608.6 626.6
Total Liabilities 11,866.8 11,468.5 11,711.6 11,447.5 10,485 10,095.9 10,238.2 10,257.2 10,561.2 10,029 10,286.1 10,362.4 10,381.5 10,362.2 9,888.6 9,752.0 9,217.6 8,841.5 8,899.2 8,774.1 8,478.6 8,543.8 8,655.1 8,631.6 3,028.8 2,759.0 2,860.7 2,933.1 2,788.3 2,475.3 2,547.0 2,549.2 2,580.4 2,619.3 2,657.2 2,528.6 2,453.8 2,468.2 2,616.7 2,750.1 2,797.3 1,481.2 1,511.9 1,497.9 1,698.0 1,797.0 2,308.1 983.0 1,042.9 993.5 909.3 898.1 850.2 926.9 1,017.8 1,037.3 1,062.2 1,036.5 1,015.0 1,032.5 1,009.9 911.5 937.9 989.7 1,112.7 1,093.1
Stockholders' Equity
Common Stock 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0 0 0.3
Retained Earnings 5,635.8 5,513.4 5,370.4 5,205 5,037.8 4,960.7 4,829.8 4,660.1 4,462.6 4,391.7 4,283.5 4,093.4 3,933 3,795 3,590.7 3,370.9 3,163.4 3,004.7 2,851.7 2,750.7 2,645.9 2,601.7 2,596.0 2,529.8 2,565.6 2,530.4 2,477.3 2,412.8 2,349.3 2,307.5 2,249.3 2,182.5 2,124.5 2,079.7 2,057.0 2,044.7 1,994.6 1,956.5 1,909.2 1,940.8 1,891.0 629.2 601.4 582.2 526.8 500.4 223.8 (308.0) (327.1) (336.8) (354.6) (362.0) (366.8) (371.5) (394.0) (399.1) (406.7) (410.1) (407.0) (421.6) (434.4) (443.6) (450.5) (464.3) (465.3) (468.2)
Accumulated Other Comprehensive Income (426.4) (399.5) (429.2) (381.5) (531.4) (547.2) (389.8) (423.6) (401.7) (332) (384) (319.5) (360.7) (377.8) (430.5) (283.8) (204.4) (236.0) (275.4) (225.1) (246.3) (263.1) (377.5) (418.9) (461.6) (367.8) (382.5) (365.7) (385.9) (408.4) (349.6) (370.1) (341.4) (312.6) (295.6) (342.2) (375.5) (387.4) (356.7) (342.7) (340.9) 10.8 18.4 11.0 (8.3) (24.3) 23.9 3.7 5.3 5.7 5.7 1.4 (1.5) (1.5) (1.9) (1.4) (1.8) (1.2) (1.2) (1.1) (0.7) (0.7) (0.8) (26.9) (26.9) (2.8)
Total Stockholders' Equity 5,097.9 5,031.6 4,841.7 4,762.2 5,035.3 4,970.7 5,042.4 4,857.3 4,982.7 5,037.1 4,888.2 4,805.6 4,594.3 4,454.2 4,196.8 4,116.8 3,973.4 3,782.5 3,588.5 3,532.3 3,407.1 3,343.7 3,220.9 3,107.4 2,209.2 2,265.5 2,193.1 2,141.1 2,202.4 2,135.3 2,237.4 2,171.1 2,138.0 2,119.7 2,110.5 2,098.3 2,060.7 1,966.9 1,996.3 1,946.8 1,897.8 1,051.4 1,027.2 996.3 821.6 775.7 571.8 201.4 180.2 167.7 188.7 177.0 169.3 164.5 140.6 136.3 128.1 125.0 128.5 119.7 111.3 117.3 114.1 100.1 (117.8) (142.6)
Total Liabilities & Equity 16,964.7 16,494.9 16,553.3 16,202.5 15,515.1 15,061.4 15,275 15,108.5 15,539 15,060.9 15,168.6 15,162.7 14,971.2 14,811.7 14,080.6 13,863.3 13,185.0 12,617.7 12,481.0 12,299.1 11,878.3 11,880.2 11,868.3 11,732.0 5,231.0 5,017.6 5,047.4 5,067.9 4,984.7 4,605 4,778.8 4,715 4,713.3 4,735.5 4,764.4 4,623.7 4,511.3 4,490.9 4,609.3 4,692.7 4,690.8 2,521.3 2,539.2 2,494.2 2,519.5 2,572.7 2,879.9 1,184.4 1,223.1 1,161.2 1,098.0 1,075.1 1,015.1 1,091.5 1,158.4 1,173.6 1,190.3 1,170.0 1,143.4 1,152.2 1,121.2 1,028.8 1,052 1,089.8 994.9 950.5
Debt Metrics
Total Debt 6,510.6 7,484.7 6,513.7 6,387.5 5,813.3 5,679.8 5,647.3 5,856.5 5,838.4 5,963.4 5,968.4 6,091.6 6,143.2 5,926.9 5,717.5 5,560.2 5,352.8 5,125.3 5,006.9 5,061.7 5,013.3 5,313.7 5,326.7 5,526.5 1,794.2 1,463.6 1,573.0 1,637.5 1,443.8 1,241.3 1,291.9 1,326.7 1,362.1 1,386.2 1,435.4 1,389.3 1,372.5 1,414.7 1,491.3 1,446.1 1,486.9 602.3 662.5 724.0 955.0 1,024.5 1,362.9 435.6 424.8 422.2 450.3 448.4 418.0 459.1 491.3 439.7 488.7 483.3 459.8 452.3 443.8 426.3 423.4 478.9 594.8 595.8
Net Debt 5,814 6,879.9 5,941.8 5,720.5 5,131.7 4,977.2 4,940.5 5,140 4,854.3 5,439.3 5,337 5,562.6 5,794.1 5,399.6 5,483.4 5,323.4 5,151.3 4,912.7 4,755.1 4,773.8 4,709.4 4,864.5 4,974.4 5,261.3 1,451.6 1,312.7 1,434.9 1,550.3 1,337.7 1,145 1,149.1 1,215.8 1,238.2 1,268.3 1,341.3 1,301.5 1,269.5 1,304.5 1,378.5 1,285.8 1,339.0 506.5 541.4 611.7 851.7 919.3 1,298.4 426.2 411.0 394.7 417.1 417.0 395.4 433.4 488.4 434.8 485.6 462.2 441.7 435.1 405.2 417.5 391.6 437.6 566.8 587.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 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
Operating Activities
Net Income 154.1 160.9 188.5 174.8 118.3 165.4 204.3 232.1 115.8 142.5 234 192.4 197.1 219.1 240.2 221.1 181.6 167.8 120.2 119.3 59.2 20.0 80.0 (34.5) 34.4 53.1 64.3 63.2 42.4 58.1 66.7 57.7 44.4 22.5 53.5 49.6 37.8 47.3 (31.1) 49.9 36.1 25.0 27.4 11.3 19.1 9.7 9.4 8.4 7.3 4.8 4.7 9.0 5.6 3.8 4.1 5.1 7.5 (3.2) 14.6 12.8 9.2 6.9 13.7 11.6 2.9 (24.6) 26.4
Depreciation & Amortization 50.7 82 49.1 48.3 48.4 45.6 46 46.1 45.5 44.9 45.1 46.9 44.4 43.4 42.7 45.8 47.0 53.9 56.7 46.7 41.2 41.3 45.5 18.8 16.1 16.1 15.6 15.2 15.2 15.7 15.6 15.8 15.9 16.2 16.1 15.7 16 16.6 17 16.9 16.4 4.6 3.5 4.2 6.2 5.2 7.3 5.2 4.7 6.1 3.2 7.4 4.7 5.4 7.2 9.6 7.5 6.4 7.4 5.9 6.0 1.6 5.6 9.3 5 4.6 3.9
Stock-Based Compensation 0 11.2 (8.4) 8.4 10.2 9.3 6.8 2.7 10.1 13.4 10.8 12.2 11.7 11.9 9.7 15.8 8.9 8.0 9.6 7.2 6.0 19.3 6.0 4.9 4.6 0 0 0 4.7 4.3 0 4.4 3.9 3.5 3.5 4.1 3.6 2.1 3.4 3.4 3.6 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
Change in Working Capital 16.6 (184.3) (345.1) (130.5) (156.8) 71.4 63.3 (418.6) 560.1 (118.9) 77.4 57 (524.2) 152.5 (409.7) (425.9) (411.1) (228.4) (125.6) (207.6) 30.2 61.3 179.3 112.0 (22.5) 33.3 43.9 (123.1) (49.4) 46.4 2.7 (38.7) (26.4) 86.1 (61.7) (33.7) (22.4) 39.6 3.2 (36.8) 16.5 (8.5) 0.7 84.0 38.0 (8.2) 14.5 2.1 (13.7) (27.2) 26.4 21.7 18.4 (107.9) 122.4 (90.7) 58.5 (7.8) (9.1) (41.2) 33.6 (26.5) 22.1 (41.1) 36.8 115.6 8.9
Other Non-Cash Items 0 2.1 33.2 6.8 7.9 (15.1) (25.5) (73.7) 9.6 1.8 4.1 4.5 4 3.1 5.0 4.9 6.1 (33.9) 11.3 6.6 (3.0) 8.4 (15.3) 0.8 (3.1) (3.4) (1.0) 5.9 15.1 0.7 (3.4) (8.8) 12.4 (1.6) 0.8 (20.6) 10.3 0.7 121.3 19.6 (0.4) 1.8 1.9 3.8 1.3 1.1 1.1 1.4 1.2 (0.7) 3.6 (1.5) 0.8 1.1 1.9 (0.8) 0.1 10.0 (0.9) 0.6 0 5 0 (2.5) 2.3 (144.8) 2.8
Operating Cash Flow 221.4 71.9 (82.7) 107.8 28 276.6 302.1 (223.8) 746.3 69.3 361.7 317.6 (255.4) 421.7 (106.1) (132.5) (171.9) (105.5) 69.9 (17.7) 120.5 125.0 286.2 101.2 31.5 107.7 125.5 (37.7) 28.9 122.2 87.7 33.8 53 68 14.3 19.2 47.6 83 78.6 60 78.6 30.9 32.7 102.6 64.4 7.7 37.2 16.8 (1.8) (16.5) 42.4 46.6 29.6 (98.2) 142.6 (73.7) 72.9 8.3 11.9 (22.0) 48.7 (4.3) 43.4 (21.5) 48.8 (21.8) 17.2
Investing Activities
Capital Expenditure (23.4) (44.4) (13.2) (21.8) (20.4) (24.3) (29.2) (20.8) (20.4) (28.7) (19.3) (30.4) (13.9) (40.0) (27.7) (16.4) (15.2) (29.6) (5.0) (10.0) (10.2) (14.1) (15.4) (11.4) (15.8) (13.7) (8.9) (10.6) (10.8) (12.5) (7.3) (8.7) (7.7) (5.5) (6.2) (5.3) (4.5) (4.8) (6.1) (3.5) (3.6) (3.1) (5.2) (2.7) (2.6) (2.7) (2.8) (2.1) (1.7) (1.8) (3.9) (2.1) (1.9) (1.5) (3.0) (2.9) (5.5) (6.7) (7.2) (4.4) (3.3) (6.3) (6.8) (57.9) (10.2) (1.8) (2.8)
Acquisitions 0 (0.1) 0 (0.8) (35.2) (179.6) 9.1 304.1 0 0.6 0 0 0 (186.8) 0 0 0 (56.0) 1.7 0.2 54.1 2.9 19.5 (3,606.3) (94.5) 6.4 5.7 (1.2) (27.7) (1.5) 12.3 0.1 (8.7) 0 0.0 3.4 0.0 (0.2) 0.2 (0.6) (50.3) (277.3) 0 (1.0) 0 0 4.5 (4) (1.4) (1.1) (0.3) (3.4) 0 0 (0.4) (3.8) (10.6) (23.5) (3.4) (0.0) (14.1) 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 3.5 4.2 (10.3) 0.1 1.2 (5.4) 0.7 2.3 3.9 (0.3) 1.8 (0.7) (12.6) 0.5 1.5 0.5 0.1 51.5 7.6 (2.4) 0.6 0 0 0 0 0 0 0 0 0 (0.1) (0.1) 0 12.8 (0.0) 0.1 (0.0) 2.3 4.3 0 (8.2) 1.2 0 0 (30.7) 0 0 0 0.0 1.7 0 0 (10.7) 0.8 0.0 0.4 0.5 0.9 0.7 0.2 0 0.3 9.9 0.9 (1.8) (10.6) (73.2)
Investing Cash Flow (19.9) (40.3) (23.5) (22.5) (54.4) (209.3) (19.4) 285.6 (16.5) (28.4) (17.5) (31.1) (12.6) (226.4) (26.2) (15.9) (15.1) (34.1) 4.3 (12.2) 44.5 (11.3) 4.1 (3,617.7) (110.3) (7.3) (3.2) (11.8) (38.5) (14) 4.9 (8.7) (16.4) 7.3 (6.2) (1.8) (4.5) (2.7) (1.6) (4.1) (62.1) (279.2) (5.2) (3.7) (33.3) (2.7) 1.7 (6.1) (3.1) (1.7) (4.2) (5.5) (12.6) (0.7) (3.3) (6.3) (15.6) (29.3) (9.9) (4.1) (17.3) (6) 3.1 (57) (12) (12.4) (76.0)
Financing Activities
Net Debt Issuance (11) 26 75 505.3 99.7 39.9 (200) (3.1) (115.1) (79) (145.2) (76.8) 181 148.5 154.8 203.2 191.3 121.6 (94.6) 52.7 (288.5) (16.4) (194.3) 3,516.0 284.6 (90.0) (51.2) 182.5 17.4 (57.2) (28.2) (34.4) (26.9) (60.0) 48.0 14.6 (43.7) (70.4) (121.4) (35.2) (33.9) 299.7 (31.2) (118.8) (37.4) (0.3) (14.8) (12.9) 2.5 27.5 (40.2) (39.0) (21.5) 55.4 (66.7) 78.7 (55.7) 24.9 4.7 9.7 14.0 (7.9) (55.9) (93.6) (16.9) 0 0
Stock Repurchased (25) 0 (25) (565.3) (25) (50) (25) (300) (50) (25) (50) (2.6) (51.6) 13.9 (7.8) (0.4) (16.8) 20.8 (8.4) (8.1) (4.3) (0.9) (0.0) (0.5) (1.6) (0.3) (0.0) (150.2) (2.6) (100.1) (25.2) (0.2) (1.7) (0.1) (50.0) (50.1) (6.5) (0.7) (3.3) (0.1) (0.7) 0 0 0 0 (20.1) 0 0 0 0 0 0 0 0 0 0 0 (0.4) (6.1) (5.6) (15.9) 0 0 0 0 (0.8) 9.1
Dividends Paid (24.4) (22.1) (22.1) (35) (36.5) (34.4) (34.6) (34.6) (35.3) (33.3) (33.6) (33.5) (33.6) (14.3) (14.4) (14.3) (14.4) (14.4) (14.4) (14.4) (14.4) (14.4) (15.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (47.8) (2.4) (13.8) (15.6) (35.9) (9.5) (33.3) 10.8 (54.1) (12.9) (58.4) 3.9 (7.2) (41.3) 4.1 (15.2) 7.0 (28.6) (3.3) (7.8) (5.0) 5.1 4.4 (80.0) (4.4) (1.4) (16.8) (1.5) 4.3 7.1 (7.8) (0.2) (0.4) 11.0 (3.6) (0.3) (0.5) (7) 2.7 (6.0) (0.2) (7.0) (0.9) 0 0 0 (0.2) (0.7) 3.6 (0.9) (1.2) (0.9) (0.1) (3.0) (0.5) (0.7) 0 (0.5) 0 0 0 0 0 185.5 0 16.7 25.6
Financing Cash Flow (108.2) 1.5 14.1 (110.6) 2.3 (54) (292.9) (326.9) (254.5) (150.5) (233) (109) 88.6 106.8 136.8 173.3 167.1 99.4 (120.5) 22.5 (312.2) (26.6) (205.7) 3,434.3 278.7 (91.7) (68.2) 30.9 19.2 (150.3) (61.1) (34.9) (28.9) (49.1) (5.6) (35.8) (50.7) (78.1) (122) (41.3) (34.8) 293.4 (31.1) (114.4) (35.3) (18.7) (41.9) (13.6) 6.1 27.1 (41.4) (39.9) (21.2) 52.6 (67.2) 78.1 (55.5) 24.0 (1.2) 4.7 (1.5) (12.6) (56.1) 91.9 (16.9) 16.7 25.6
Cash Position
Net Change in Cash 91.8 32.9 (95.1) (14.6) (21) (4.2) (9.7) (269) 460 (107.3) 102.4 179.9 (178.2) 293.3 (2.7) 35.3 (11.1) (39.2) (36.1) (16.0) (145.2) 96.9 87.0 (77.3) 191.7 12.7 51.0 (18.9) 9.8 (46.5) 31.9 (13) 5.9 23.9 6.3 (15.2) (7.1) (2.7) (47.5) 12.5 (12.5) 45.8 (3.7) (15.8) (4.4) (13.7) (2.8) (2.9) 1.8 8.8 (3.2) 1.3 (4.2) (46.4) 72.1 (1.9) 1.7 3.0 0.8 (21.4) 29.8 (23) (9.6) 13.4 19.9 (17.5) (33.3)
Cash at Beginning 604.8 571.9 667 681.6 702.6 706.8 716.5 984.1 524.1 631.4 529 349.1 527.3 234.1 236.8 201.5 212.6 251.8 287.9 303.9 449.1 352.2 265.2 342.6 150.9 138.2 87.2 106.1 96.3 142.8 110.9 123.9 118 94.1 87.8 103 110.1 112.8 160.3 147.8 160.3 15.0 18.8 34.5 13.8 27.5 30.3 33.2 31.4 22.6 25.8 24.5 28.7 75.1 3.0 4.9 3.1 18.1 17.2 38.6 8.8 31.8 41.4 0 8.1 0 150.9
Cash at End 696.6 604.8 571.9 667 681.6 702.6 706.8 716.5 984.1 524.1 631.4 529 349.1 527.3 234.1 236.8 201.5 212.6 251.8 287.9 303.9 449.1 352.2 265.2 342.6 150.9 138.2 87.2 106.1 96.3 142.8 110.9 123.9 118 94.1 87.8 103 110.1 112.8 160.3 147.8 60.9 15.0 18.8 9.4 13.8 27.5 30.3 33.2 31.4 22.6 25.8 24.5 28.7 75.1 3.0 4.9 21.1 18.1 17.2 38.6 8.8 31.8 13.4 28 (17.5) 117.6
Free Cash Flow 198 27.5 (95.9) 86 7.6 252.3 272.9 (244.6) 725.9 40.6 342.4 287.2 (269.3) 381.6 (133.8) (148.9) (187.2) (135.1) 64.9 (27.7) 110.3 110.9 270.9 89.8 15.8 94.0 116.5 (48.3) 18.1 109.7 80.4 25.1 45.3 62.5 8.1 13.9 43.1 78.2 72.5 56.5 75 27.8 27.5 99.8 61.9 5.1 34.4 14.7 (3.5) (18.3) 38.5 44.6 27.7 (99.7) 139.6 (76.5) 67.4 1.6 4.7 (26.4) 45.4 (10.6) 36.6 (79.4) 38.6 (23.6) 14.4
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 6,080.1 6,068.6 6,199.1 5,899.6 5,343.7 5,499.7 5,489.4 5,479.7 5,350 5,473.4 5,644.4 5,745.5 5,521.9 5,558.5 5,445.9 5,483.5 4,932.2 4,851.9 4,728.3 4,595.8 4,041.5 4,128.8 4,141.8 2,086.7 1,968.6 2,099.5 2,148.1 2,150.1 1,961.3 2,011.4 2,067.2 2,104.0 1,993.9 1,996.6 2,000.2 1,909.6 1,772.6 1,793.3 1,855.2 1,911.6 1,776.0 1,861.5 1,923.9 1,916.7 1,816.3 1,995.5 2,078.2 2,005.2 1,810.8 1,880.1 1,931.3 1,894.0 1,808.1 1,644.4 1,656.2 1,672.7 1,606.0 1,589.5 1,580.4 1,524.5 1,431.3 1,331.6 1,324.6 1,259.1 1,148.6 1,132.7 1,152.4 1,159.2 1,179.6 1,429.8 1,628.1 1,587.8 1,465.2 1,489.2 1,545.6 1,518.1 1,450.6 1,376.1 1,343.1 1,336.0 1,265.5 1,236.7 1,131.4 1,062.1 990.9 987.9 974.5 931.0 847.8 850.1 820.2 815.5 848.4 880.3 944.1 928.1 993.8 976.3 990.9 925.0
Gross Profit 1,241.1 1,224.5 1,259.3 1,188.5 1,125.6 1,164 1,212.7 1,198 1,137.9 1,170.8 1,222 1,242.4 1,208.5 1,218.3 1,204.5 1,189.4 1,049.1 1,007.9 1,008.0 965.2 811.0 772.0 785.5 393.8 376.4 389.8 400.2 409.0 382.5 390.3 397.2 399.9 379.9 383.2 385.3 366.1 350.0 348.5 365.0 379.5 355.2 363.6 380.8 381.6 367.7 402.2 422.4 411.7 374.8 376.2 395.7 392.6 381.1 337.3 338.8 335.7 319.8 328.0 315.6 306.8 286.1 270.3 257.8 243.0 227.4 217.0 220.9 223.9 238.2 284.3 316.4 310.3 295.6 301.9 313.1 308.1 299.0 287.2 275.7 270.6 253.1 252.6 208.3 194.6 185.2 185.0 182.6 183.7 160.9 160.1 150.9 149.2 149.5 152.3 164.8 167.1 170.5 179.0 173.9 165.0
Operating Income 293.5 324.6 357.4 330.3 240.9 301.1 335.6 323.5 263 315.7 380.5 363.8 346.4 381.8 401.6 370.7 284 220.3 229.5 218.9 133.3 92.8 178.1 15.3 60.9 83.8 93.7 98.0 70.7 90.5 97.5 91.2 73.2 81.4 88.8 82.7 66.6 82.0 92.6 88.0 69.5 90.0 106.3 90.3 87.2 124.2 133.2 115.8 93.0 110.6 123.6 109.9 136.9 50.3 103.0 96.1 83.5 91.5 91.8 85.0 64.7 60.0 61.2 51.4 38.3 42.6 46.2 47.6 43.5 73.2 98.6 96.8 77.1 98.8 109.3 103.6 82.5 93.2 100.2 94.7 76.9 74.5 47.3 48.9 38.6 39.4 40.9 42.9 26.3 25.3 19.0 18.3 21.6 20.2 28.0 22.9 23.0 42.4 38.1 31.4
Net Income 153.8 159.9 187.5 174.5 118.4 165.4 204.3 232.1 115.8 141.9 233.4 193.1 197.1 218.9 239.6 220.7 181.2 167.4 119.6 119.2 59.2 20.0 80.7 (34.5) 34.4 53.1 64.5 63.5 42.4 58.1 66.8 57.9 44.4 22.5 53.7 49.5 37.7 47.3 (31.6) 49.8 36.1 48.4 63.5 51.7 47.0 74.4 80.8 68.8 51.9 58.0 69.2 65.3 84.0 26.5 63.4 58.9 53.0 54.8 53.9 50.2 37.3 34.8 33.7 27.8 19.2 21.8 33.6 26.5 23.3 41.9 63.7 58.0 42.7 61.0 71.8 59.7 48.2 58.3 59.4 55.2 44.5 39.7 25.0 27.4 11.3 17.1 19.0 19.1 9.7 9.4 7.3 4.7 5.6 4.1 7.5 3.5 (3.2) 14.6 12.8 9.2
EPS (Diluted) 3.11 3.34 3.79 3.83 2.10 3.03 3.81 4.28 1.95 2.45 4.20 3.41 3.48 3.90 4.30 3.95 3.19 2.93 2.02 2.02 0.87 0.39 1.31 -0.69 0.82 1.26 1.52 1.45 0.93 1.26 1.41 1.22 0.93 0.47 1.12 1.02 0.76 0.96 -0.65 1.02 0.77 1.03 1.28 1.00 0.90 1.42 1.52 1.29 0.97 1.09 1.32 1.25 1.60 0.95 1.25 1.15 1.03 1.07 1.11 1.00 0.74 0.69 0.74 0.60 0.44 0.50 0.79 0.62 0.55 0.98 1.48 1.33 0.97 1.39 1.54 1.22 0.93 1.13 1.13 1.05 0.86 0.77 0.51 0.56 0.23 0.35 0.43 0.44 0.23 0.22 0.16 0.10 0.12 0.09 0.16 0.07 -0.06 0.31 0.27 0.19
Balance Sheet
Cash & Equivalents 696.6 604.8 571.9 667 681.6 702.6 706.8 716.5 984.1 524.1 631.4 529 349.1 527.3 234.1 236.8 201.5 212.6 251.8 287.9 303.9 449.1 352.2 265.2 342.6 150.9 138.2 87.2 106.1 96.3 142.8 110.9 123.9 118 94.1 87.8 103 110.1 112.8 160.3 147.8 95.8 121.1 112.3 103.3 105.1 64.5 9.4 13.8 27.5 33.2 31.4 22.6 25.8 3.0 4.9 3.1 21.1 18.1 17.2 38.6 8.8 31.8 41.3 28 8.1
Total Assets 16,964.7 16,494.9 16,553.3 16,202.5 15,515.1 15,061.4 15,275 15,108.5 15,539 15,060.9 15,168.6 15,162.7 14,971.2 14,811.7 14,080.6 13,863.3 13,185.0 12,617.7 12,481.0 12,299.1 11,878.3 11,880.2 11,868.3 11,732.0 5,231.0 5,017.6 5,047.4 5,067.9 4,984.7 4,605 4,778.8 4,715 4,713.3 4,735.5 4,764.4 4,623.7 4,511.3 4,490.9 4,609.3 4,692.7 4,690.8 2,521.3 2,539.2 2,494.2 2,519.5 2,572.7 2,879.9 1,184.4 1,223.1 1,161.2 1,098.0 1,075.1 1,015.1 1,091.5 1,158.4 1,173.6 1,190.3 1,170.0 1,143.4 1,152.2 1,121.2 1,028.8 1,052 1,089.8 994.9 950.5
Total Debt 6,510.6 7,484.7 6,513.7 6,387.5 5,813.3 5,679.8 5,647.3 5,856.5 5,838.4 5,963.4 5,968.4 6,091.6 6,143.2 5,926.9 5,717.5 5,560.2 5,352.8 5,125.3 5,006.9 5,061.7 5,013.3 5,313.7 5,326.7 5,526.5 1,794.2 1,463.6 1,573.0 1,637.5 1,443.8 1,241.3 1,291.9 1,326.7 1,362.1 1,386.2 1,435.4 1,389.3 1,372.5 1,414.7 1,491.3 1,446.1 1,486.9 602.3 662.5 724.0 955.0 1,024.5 1,362.9 435.6 424.8 422.2 450.3 448.4 418.0 459.1 491.3 439.7 488.7 483.3 459.8 452.3 443.8 426.3 423.4 478.9 594.8 595.8
Stockholders' Equity 5,097.9 5,031.6 4,841.7 4,762.2 5,035.3 4,970.7 5,042.4 4,857.3 4,982.7 5,037.1 4,888.2 4,805.6 4,594.3 4,454.2 4,196.8 4,116.8 3,973.4 3,782.5 3,588.5 3,532.3 3,407.1 3,343.7 3,220.9 3,107.4 2,209.2 2,265.5 2,193.1 2,141.1 2,202.4 2,135.3 2,237.4 2,171.1 2,138.0 2,119.7 2,110.5 2,098.3 2,060.7 1,966.9 1,996.3 1,946.8 1,897.8 1,051.4 1,027.2 996.3 821.6 775.7 571.8 201.4 180.2 167.7 188.7 177.0 169.3 164.5 140.6 136.3 128.1 125.0 128.5 119.7 111.3 117.3 114.1 100.1 (117.8) (142.6)
Cash Flow
Operating Cash Flow 221.4 71.9 (82.7) 107.8 28 276.6 302.1 (223.8) 746.3 69.3 361.7 317.6 (255.4) 421.7 (106.1) (132.5) (171.9) (105.5) 69.9 (17.7) 120.5 125.0 286.2 101.2 31.5 107.7 125.5 (37.7) 28.9 122.2 87.7 33.8 53 68 14.3 19.2 47.6 83 78.6 60 78.6 30.9 32.7 102.6 64.4 7.7 37.2 16.8 (1.8) (16.5) 42.4 46.6 29.6 (98.2) 142.6 (73.7) 72.9 8.3 11.9 (22.0) 48.7 (4.3) 43.4 (21.5) 48.8 (21.8) 17.2
Capital Expenditure (23.4) (44.4) (13.2) (21.8) (20.4) (24.3) (29.2) (20.8) (20.4) (28.7) (19.3) (30.4) (13.9) (40.0) (27.7) (16.4) (15.2) (29.6) (5.0) (10.0) (10.2) (14.1) (15.4) (11.4) (15.8) (13.7) (8.9) (10.6) (10.8) (12.5) (7.3) (8.7) (7.7) (5.5) (6.2) (5.3) (4.5) (4.8) (6.1) (3.5) (3.6) (3.1) (5.2) (2.7) (2.6) (2.7) (2.8) (2.1) (1.7) (1.8) (3.9) (2.1) (1.9) (1.5) (3.0) (2.9) (5.5) (6.7) (7.2) (4.4) (3.3) (6.3) (6.8) (57.9) (10.2) (1.8) (2.8)
Free Cash Flow 198 27.5 (95.9) 86 7.6 252.3 272.9 (244.6) 725.9 40.6 342.4 287.2 (269.3) 381.6 (133.8) (148.9) (187.2) (135.1) 64.9 (27.7) 110.3 110.9 270.9 89.8 15.8 94.0 116.5 (48.3) 18.1 109.7 80.4 25.1 45.3 62.5 8.1 13.9 43.1 78.2 72.5 56.5 75 27.8 27.5 99.8 61.9 5.1 34.4 14.7 (3.5) (18.3) 38.5 44.6 27.7 (99.7) 139.6 (76.5) 67.4 1.6 4.7 (26.4) 45.4 (10.6) 36.6 (79.4) 38.6 (23.6) 14.4