WRB - W. R. Berkley Corporation
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$70.30
DETAILS
HIGH:
$80.00
LOW:
$64.00
MEDIAN:
$69.00
CONSENSUS:
$70.30
UPSIDE:
4.09%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 14,705.5 | 13,638.8 | 12,142.9 | 11,166.5 | 9,455.5 | 8,098.9 | 7,902.2 | 7,691.7 | 8,010.9 | 7,654.2 | 7,206.5 | 7,538.9 | 6,408.5 | 5,823.6 | 4,909.2 | 4,507.5 | 4,431.2 | 4,708.8 | 5,588.4 | 5,394.8 | 4,996.8 | 4,512.2 | 3,630.1 | 2,566.1 | 1,941.8 | 1,781.3 | 1,673.7 | 1,582.5 | 1,400.3 | 1,225.2 | 1,021.9 | 830.8 | 582.6 |
| Cost of Revenue | 11,791.8 | 10,517.1 | 9,418.5 | 8,728.5 | 7,432.7 | 6,751.2 | 6,424.1 | 6,310.3 | 6,362.9 | 6,212.8 | 5,916.5 | 5,489.8 | 4,276.8 | 3,951.0 | 3,518.7 | 3,090.8 | 2,336.7 | 2,688.7 | 3,107.7 | 3,153.7 | 3,024.3 | 2,764.6 | 2,955.5 | 1,464.0 | 1,380.5 | 1,094.4 | 1,085.8 | 914.8 | 734.4 | 669.2 | 571.0 | 0 | 0 |
| Gross Profit | 2,913.7 | 3,121.6 | 2,724.4 | 2,438.0 | 2,022.8 | 1,347.8 | 1,478.1 | 1,381.4 | 1,648.0 | 1,441.4 | 1,290.0 | 2,049.1 | 2,131.8 | 1,872.5 | 1,390.5 | 1,416.7 | 2,094.5 | 2,020.1 | 2,480.7 | 2,241.1 | 1,972.6 | 1,747.6 | 674.6 | 1,102.1 | 561.3 | 686.9 | 587.8 | 667.8 | 665.9 | 556.0 | 450.9 | 830.8 | 582.6 |
| 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 |
| SG&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,621.3 | 1,496.4 | 1,440.8 | 1,475.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Expenses | 579.4 | 857.1 | 970.0 | 718.3 | 739.9 | 643.0 | 625.2 | 569.3 | 875.2 | 544.9 | 557.9 | 1,096.9 | 1,432.9 | 1,170.6 | (743.9) | (678.6) | 271.4 | 218.7 | 1,388.3 | 1,252.5 | 1,202.0 | 1,109.1 | 185.3 | 842.7 | 712.7 | 646.0 | 667.1 | 605.0 | (685.5) | 441.0 | 368.2 | 27.6 | 22.3 |
| Operating Expenses | 579.4 | 857.1 | 970.0 | 718.3 | 739.9 | 643.0 | 625.2 | 569.3 | 875.2 | 544.9 | 557.9 | 1,096.9 | 1,432.9 | 1,170.6 | 877.4 | 817.8 | 1,712.2 | 1,693.8 | 1,388.3 | 1,252.5 | 1,202.0 | 1,109.1 | 185.3 | 842.7 | 712.7 | 646.0 | 667.1 | 605.0 | (685.5) | 441.0 | 368.2 | 27.6 | 22.3 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 2,334.3 | 2,264.5 | 1,754.4 | 1,719.7 | 1,282.9 | 704.8 | 852.9 | 812.1 | 772.8 | 896.4 | 732.0 | 952.2 | 698.9 | 701.9 | 513.1 | 598.9 | 382.2 | 326.3 | 1,092.4 | 988.6 | 770.5 | 638.5 | 489.3 | 259.4 | (151.4) | 40.9 | (79.2) | 62.8 | 1,351.4 | 115.0 | 82.7 | 803.2 | 560.3 |
| Interest Expense | 126.9 | 126.9 | 127.5 | 130.4 | 147.2 | 150.5 | 153.4 | 157.2 | 147.3 | 140.9 | 130.9 | 128.2 | 123.2 | 126.3 | 112.5 | 107.0 | 88.0 | 84.6 | 89.0 | 92.5 | 85.9 | 66.4 | 54.7 | 45.5 | 45.7 | 47.6 | 50.8 | 48.8 | 48.9 | 32.0 | 28.2 | 27.6 | 22.3 |
| 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 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 2,372.2 | 2,220.8 | 1,861.0 | 1,905.9 | 1,559.8 | 990.4 | 1,119.7 | 1,100.4 | 1,033.0 | 1,123.4 | 948.1 | 1,169.2 | 925.2 | 931.6 | 713.6 | 788.7 | 549.1 | 494.9 | 1,255.1 | 1,146.8 | 919.5 | 759.8 | 564.4 | 322.9 | (88.2) | 110.1 | (4.8) | 134.3 | 60.8 | 155.6 | 125.2 | 42.6 | 35.1 |
| EBIT | 2,405.0 | 2,391.4 | 1,881.9 | 1,850.1 | 1,430.1 | 855.3 | 1,006.3 | 969.3 | 920.1 | 1,037.3 | 863.0 | 1,080.4 | 822.1 | 828.2 | 625.6 | 705.9 | 470.2 | 410.9 | 1,181.4 | 1,081.2 | 856.5 | 704.9 | 544.0 | 304.9 | (105.7) | 88.4 | (28.4) | 111.6 | 48.9 | 147.0 | 111.0 | 27.6 | 22.3 |
| Income Before Tax | 2,280.5 | 2,264.5 | 1,754.4 | 1,719.7 | 1,282.9 | 704.8 | 852.9 | 812.1 | 772.8 | 896.4 | 732.0 | 952.2 | 698.9 | 701.9 | 513.1 | 598.9 | 382.2 | 326.3 | 1,092.4 | 988.6 | 770.5 | 638.5 | 489.3 | 259.4 | (151.4) | 40.9 | (79.2) | 62.8 | 129.7 | 115.0 | 82.7 | 33.5 | 61.2 |
| Income Tax Expense | 495.8 | 509.9 | 370.6 | 334.7 | 251.9 | 171.8 | 168.9 | 163.0 | 219.4 | 293.0 | 227.9 | 302.6 | 193.6 | 191.3 | 121.9 | 152.2 | 73.2 | 44.9 | 323.1 | 286.4 | 222.5 | 196.2 | 150.6 | 84.1 | (56.7) | 2.5 | (45.8) | 5.5 | 30.7 | 25.1 | 17.6 | (1.6) | 9.6 |
| Net Income | 1,779.4 | 1,756.1 | 1,381.4 | 1,381.1 | 1,022.5 | 530.7 | 681.9 | 640.7 | 549.1 | 601.9 | 503.7 | 648.9 | 499.9 | 510.6 | 391.2 | 446.4 | 309.1 | 281.1 | 766.2 | 699.5 | 544.9 | 438.1 | 337.2 | 175.0 | (91.5) | 34.1 | (36.6) | 58.8 | 99 | 90.3 | 60.9 | 35.1 | 51.6 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 4.48 | 4.39 | 3.40 | 3.33 | 2.46 | 1.26 | 1.59 | 1.48 | 1.30 | 1.45 | 1.20 | 1.50 | 1.09 | 1.65 | 1.26 | 1.33 | 0.86 | 0.75 | 1.80 | 1.62 | 1.27 | 1.03 | 0.80 | 0.45 | -0.27 | 0.12 | -0.12 | 0.14 | 0.27 | 0.22 | 0.17 | 0.12 | 0.17 |
| EPS (Diluted) | 4.45 | 4.36 | 3.37 | 3.29 | 2.44 | 1.25 | 1.56 | 1.48 | 1.26 | 1.39 | 1.15 | 1.44 | 1.05 | 1.58 | 1.20 | 1.28 | 0.83 | 0.72 | 1.73 | 1.54 | 1.21 | 0.98 | 0.76 | 0.44 | -0.27 | 0.12 | -0.12 | 0.14 | 0.27 | 0.22 | 0.17 | 0.12 | 0.17 |
| Shares Outstanding | 396.7 | 399.7 | 409.9 | 419.2 | 419.1 | 424.7 | 435.4 | 432.9 | 435.0 | 433.9 | 439.3 | 450.6 | 475.0 | 308.5 | 314.3 | 334.7 | 360.8 | 375.7 | 425.2 | 431.2 | 428.7 | 424.9 | 420.5 | 387.0 | 333.4 | 292.7 | 293.2 | 320.8 | 335.5 | 339.7 | 297.6 | 292.5 | 307.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 2,539.9 | 1,974.7 | 1,363.2 | 1,449.3 | 1,568.8 | 2,372.4 | 1,023.7 | 817.6 | 950.5 | 795.3 | 515.4 | 1,134.8 | 932.1 | 1,431.5 | 594.2 | 9.5 | 0.9 | 20.1 | 16.1 | 21.7 | 19.3 | 10.2 | 0 | 0 |
| Short-Term Investments | 26,238.2 | 23,476.1 | 21,063.0 | 18,480.3 | 17,782.3 | 14,159.4 | 14,181.0 | 13,606.8 | 14,127.9 | 13,859.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 7,229.7 | 7,168.0 | 7,162.2 | 6,406.7 | 5,592.5 | 5,122.9 | 4,577.8 | 4,088.0 | 3,746.3 | 3,945.2 | 1,358.0 | 1,323.4 | 851.0 | 1,755.5 | 1,734.1 | 1,605.9 | 1,399.1 | 1,259.8 | 1,120.3 | 331.8 | 683.9 | 654.7 | 191.4 | 107.3 |
| 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 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | (22,303.0) | (20,350.1) | (19,011.3) | (19,296.7) | (19,013.5) | (2,084.5) | (2,639.7) | (1,974.5) | (3,380.7) | (2,492.5) | (1,719.1) | (1,499.5) | (1,370.8) | (1,216.0) | (425.6) | (773.2) | (742.6) | (191.4) | (107.3) |
| Total Current Assets | 36,889.7 | 33,442.0 | 30,347.3 | 27,032.8 | 25,620.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 596.2 | 478.5 | 426.8 | 423.2 | 419.9 | 405.9 | 422.1 | 416.4 | 423.0 | 349.4 | 246.6 | 260.5 | 162.9 | 143.8 | 135.5 | 118.3 | 118.3 | 128.7 | 136.9 | 126.8 | 116.3 | 0 | 0 | 0 |
| Goodwill | 184.3 | 184.3 | 174.6 | 185.5 | 169.7 | 169.7 | 169.7 | 173.0 | 178.9 | 144.5 | 107.1 | 0 | 59.0 | 59.0 | 59.0 | 64.5 | 71.5 | 76.5 | 76.6 | 73.1 | 73.4 | 69.6 | 0 | 0 |
| Intangible Assets | 1,000.7 | 951.7 | 861.6 | 763.5 | 676.1 | 0 | 0 | 0 | 0 | 0 | 0 | 107.6 | 59.0 | 0 | 0 | 0 | 0 | 0 | 0 | 73.1 | 0 | 0 | 55.3 | 46 |
| Long-Term Investments | 4,449.3 | 4,413.4 | 4,216.5 | 4,379.4 | 4,389.5 | 16,435.9 | 16,275.9 | 15,671.2 | 15,901.2 | 15,358.0 | 12,166.3 | 10,193.1 | 7,063.0 | 4,941.9 | 3,882.5 | 2,778.8 | 2,703.0 | 2,577.9 | 2,931.9 | 2,903.4 | 2,611.0 | 2,391.6 | 0 | 0 |
| Other Non-Current Assets | 809.4 | 877.1 | 865.6 | 736.0 | 753.2 | (17,011.5) | (16,867.7) | (16,260.6) | (16,503.1) | (15,852.0) | (12,503.5) | (10,561.2) | (7,285.0) | (5,144.7) | (4,077.0) | (2,961.6) | (2,892.8) | (2,783.1) | (3,145.5) | (3,103.3) | (2,800.7) | (2,461.2) | (55.3) | (46) |
| Total Non-Current Assets | 7,181.4 | 7,125.2 | 6,854.7 | 6,828.3 | 6,465.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 44,071.1 | 40,567.3 | 37,202.0 | 33,861.1 | 32,086.4 | 28,606.9 | 26,662.1 | 24,896.0 | 24,299.9 | 23,364.8 | 17,328.6 | 16,121.2 | 11,451.0 | 9,334.7 | 7,031.3 | 5,633.5 | 5,022.1 | 4,784.8 | 4,983.4 | 4,544.3 | 4,073.3 | 3,618.7 | 3,582.3 | 2,156.5 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 615.8 | 668.7 | 631.2 | 523.1 | 568.6 | 426.1 | 360.3 | 256.9 | 246.5 | 213.1 | 0 | 0 | 119.9 | 123.2 | 184.9 | 139.3 | 132.5 | 144.7 | 130.5 | 95.1 | 71.4 | 65.8 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 5.4 | 5.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 35 | 55.5 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 6,721.6 | 6,375.1 | 5,922.3 | 5,297.7 | 4,847.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 19,053.5 | 17,231.8 | 15,704.5 | 14,260.5 | 12,865.8 | (467.4) | (370.3) | (256.9) | (257.8) | (213.1) | (208.0) | (115.0) | (119.9) | (123.2) | (184.9) | (139.3) | (142.5) | (179.7) | (186.0) | (95.1) | (71.4) | (65.8) | 0 | 0 |
| Total Current Liabilities | 26,540.6 | 24,402.4 | 22,320.3 | 20,121.1 | 18,303.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 2,839.7 | 2,841.0 | 2,837.0 | 2,831.8 | 3,267.1 | 2,725.3 | 2,626.3 | 2,789.5 | 2,497.3 | 2,488.2 | 1,595.3 | 1,271.5 | 1,016.5 | 852.5 | 561.2 | 370.6 | 370.2 | 394.8 | 394.4 | 390.4 | 390.1 | 319.3 | 331 | 254.8 |
| Deferred Tax Liabilities | 99.9 | 65.2 | 42.7 | 11.6 | 17.5 | 42.2 | 26.4 | 0 | 86.8 | 134.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.9 | 32.9 | 4.0 | 14.4 | 0 | 0 |
| Other Non-Current Liabilities | 4,879.0 | 4,851.3 | 4,532.8 | 4,128.4 | 3,830.3 | (2,767.5) | (2,652.7) | (2,789.5) | (2,584.0) | (2,622.6) | (1,595.3) | (1,271.5) | (1,016.5) | (852.5) | (561.2) | (370.6) | (370.2) | (394.8) | (401.3) | (423.3) | (394.1) | (333.6) | (331) | (254.8) |
| Total Non-Current Liabilities | 7,818.6 | 7,757.4 | 7,412.5 | 6,971.9 | 7,114.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 34,359.2 | 32,159.8 | 29,732.8 | 27,092.9 | 25,418.7 | 22,281.1 | 20,543.8 | 19,416.2 | 18,848.8 | 18,283.7 | 13,726.6 | 13,069.5 | 9,295.2 | 7,614.0 | 5,696.1 | 4,701.9 | 4,309.3 | 4,162.7 | 4,098.4 | 3,364.7 | 3,181.2 | 2,679.1 | 2,923.9 | 1,630.2 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 158.7 | 158.7 | 158.7 | 105.8 | 105.8 | 70.5 | 70.5 | 70.5 | 47.0 | 47.0 | 47.0 | 47.0 | 31.4 | 20.9 | 13.9 | 8.7 | 7.3 | 7.3 | 7.3 | 7.3 | 4.9 | 4.9 | 0 | 0 |
| Retained Earnings | 13,344.2 | 12,265.1 | 11,040.9 | 10,161.0 | 9,015.1 | 8,348.4 | 7,932.4 | 7,558.6 | 6,956.9 | 6,596.0 | 3,785.2 | 3,514.5 | 1,354.5 | 939.9 | 623.7 | 467.2 | 574.3 | 551.4 | 601.9 | 569.2 | 490.3 | 424.3 | 382.9 | 365.7 |
| Accumulated Other Comprehensive Income | (451.1) | (934.3) | (925.8) | (1,264.6) | (282.0) | (62.2) | (257.3) | (510.5) | 68.5 | 55.6 | 163.2 | (229.0) | 112.1 | 120.0 | 104.6 | 37.3 | 19.4 | (44.5) | 54.7 | 58.2 | 31.1 | 48.5 | 0 | 0 |
| Total Stockholders' Equity | 9,700.8 | 8,395.1 | 7,455.4 | 6,748.3 | 6,653.0 | 6,310.8 | 6,074.9 | 5,437.9 | 5,411.3 | 5,047.2 | 3,596.1 | 3,046.3 | 2,109.7 | 1,682.6 | 1,335.2 | 931.6 | 680.9 | 591.8 | 861.3 | 947.3 | 879.7 | 929.8 | 597.7 | 526.3 |
| Total Liabilities & Equity | 44,071.1 | 40,567.3 | 37,202.0 | 33,861.1 | 32,086.4 | 28,606.9 | 26,662.1 | 24,896.0 | 24,299.9 | 23,364.8 | 17,328.6 | 16,121.2 | 11,451.0 | 9,334.7 | 7,031.3 | 5,633.5 | 5,022.1 | 4,784.8 | 4,983.4 | 4,544.3 | 4,073.3 | 3,618.7 | 3,582.3 | 2,156.5 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 2,839.7 | 2,841.0 | 2,842.4 | 2,837.2 | 3,267.1 | 2,725.3 | 2,626.3 | 2,789.5 | 2,497.3 | 2,488.2 | 1,595.3 | 1,271.5 | 1,016.5 | 852.5 | 561.2 | 370.6 | 380.2 | 429.8 | 449.9 | 390.4 | 390.1 | 319.3 | 331 | 254.8 |
| Net Debt | 299.8 | 866.2 | 1,479.2 | 1,387.8 | 1,698.2 | 353.0 | 1,602.6 | 1,971.9 | 1,546.8 | 1,692.9 | 1,079.8 | 136.6 | 84.5 | (578.9) | (32.9) | 361.0 | 379.2 | 409.7 | 433.8 | 368.7 | 370.8 | 309.1 | 331 | 254.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 1,779.4 | 1,756.1 | 1,381.4 | 1,381.1 | 1,022.5 | 530.7 | 681.9 | 640.7 | 549.1 | 601.9 | 544.9 | 438.8 | 337.2 | 175.3 | (94.7) | 38.4 | (36.7) | 57.3 | 99.0 | 90.3 | 60.9 | 35.1 | 51.6 |
| Depreciation & Amortization | (48.1) | (170.6) | (20.9) | 55.9 | 129.7 | 135.1 | 113.4 | 131.1 | 113.0 | 86.1 | 63.9 | 55.0 | 20.3 | 17.3 | 17.6 | 21.7 | 23.6 | 22.7 | 11.9 | 8.6 | 14.3 | 15 | 12.8 |
| Stock-Based Compensation | 0 | 54.4 | 51 | 49.4 | 46.7 | 49.7 | 49.3 | 36.6 | 40.5 | 37.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 2,008.2 | 2,146.3 | 1,633.3 | 1,425.9 | 1,287.3 | 1,056.2 | 487.0 | 67.3 | 409.3 | 488.0 | 1,129.5 | 1,180.3 | 1,125.1 | 534.0 | 835.2 | (19.3) | 11.1 | 68.4 | (90.8) | (93.2) | (35.7) | (68.8) | (23.9) |
| Other Non-Cash Items | (99.9) | (107.8) | (115.5) | (278.9) | 8.5 | 2.3 | 2.0 | (180.8) | (384.1) | (373.7) | (18.4) | (6.4) | (45.6) | 232.6 | (606.2) | (54.1) | 51.1 | 71.4 | 280.3 | 142.5 | 119.8 | 136 | 112.8 |
| Operating Cash Flow | 3,639.5 | 3,678.4 | 2,929.2 | 2,568.6 | 2,184.0 | 1,616.7 | 1,143.8 | 620.2 | 710.9 | 848.4 | 1,719.8 | 1,619.7 | 1,398.2 | 959.1 | 151.9 | (13.3) | 49.1 | 219.7 | 299.0 | 153.9 | 159.3 | 117.3 | 153.3 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (170.0) | (105.6) | (53.1) | (52.7) | (66.6) | (38.2) | (60.5) | (49.9) | (115.7) | (50.8) | (32.3) | (41.9) | (28.3) | (36.6) | (22.1) | (7.5) | (8.1) | (27.2) | (17.9) | (47.0) | 0 | 0 | (10) |
| Acquisitions | 0 | 0 | (11.6) | 857.2 | 240.5 | 180.4 | 51.4 | 2.0 | (70.6) | 196.8 | 0 | 0 | 5.3 | (2.1) | 3.2 | 2.2 | (1.5) | (3.3) | (0.6) | (11.7) | (197.4) | 0 | 0 |
| Purchases of Investments | (8,847.3) | (9,576.2) | (6,745.2) | (8,377.2) | (11,181.4) | (7,807.7) | (5,525.9) | (6,763.4) | (7,968.5) | (5,743.9) | (5,005.2) | (4,117.7) | (2,760.1) | (2,043.4) | (1,015.6) | (844.8) | (710.3) | (1,069.4) | (1,013.0) | (845.8) | (785.4) | (911.5) | (661.2) |
| Sales/Maturities of Investments | 6,919.1 | 7,532.6 | 4,836.9 | 5,771.4 | 8,036.3 | 7,811.6 | 5,107.2 | 6,699.6 | 7,787.2 | 4,772.7 | 1,303.3 | 1,870.8 | 1,898.1 | 1,024.9 | 190.0 | 142.6 | 147.7 | 297.3 | 120.9 | 219.7 | 159.7 | 711.7 | 601.9 |
| Other Investing Activities | 68.9 | (35.3) | 10.9 | (90.2) | (18.0) | (26.5) | 2.8 | (602.6) | 34.1 | 30.8 | 1,378.3 | 6.1 | (5.4) | 26.7 | 608.2 | 775.2 | 611.8 | 772.1 | 753.3 | 512.7 | 493.8 | (22.4) | (41.2) |
| Investing Cash Flow | (2,029.3) | (2,184.5) | (1,962.0) | (1,891.4) | (2,989.1) | 119.7 | (424.9) | (714.2) | (333.5) | (794.5) | (2,355.8) | (2,282.6) | (890.4) | (1,030.4) | (236.3) | 67.7 | 39.4 | (30.5) | (157.3) | (172.1) | (329.3) | (222.2) | (110.5) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | (2.1) | 3.1 | (1.0) | (429.8) | 529.2 | 88.9 | (165.4) | 290.0 | 7.0 | 313.3 | 416.2 | 160.5 | 317.1 | 9.1 | (10) | (50) | (20.5) | 54.3 | 0 | 98.8 | 0 | (4.5) | 49.7 |
| Stock Repurchased | (270.2) | (303.7) | (537.2) | (94.1) | (122.4) | (346.4) | (18.2) | (24.8) | (47.8) | (132.4) | (33.8) | (0.3) | 0 | (0.1) | (1.0) | (7.0) | (129.0) | (117.9) | (41.5) | (101.7) | (4.1) | (26.4) | (25.7) |
| Dividends Paid | (700.3) | (532.0) | (501.5) | (235.2) | (355.7) | (84.1) | (308.2) | (255.0) | (188.2) | (184.0) | (19.1) | (23.5) | (27.7) | (17.9) | (14.7) | (12.7) | (15.9) | (20.9) | (20.4) | (23.0) | (18.9) | (15.5) | (7) |
| Other Financing Activities | (53.9) | (20.0) | (22.9) | (12.8) | (45.2) | (56.2) | (21.4) | (17.7) | (6.0) | (3.8) | 15.2 | 11.6 | 24.7 | (39.7) | (5.9) | (0.4) | (6.1) | 0.7 | 54.8 | 183.7 | (30.4) | (145.2) | 1.6 |
| Financing Cash Flow | (1,026.4) | (852.5) | (1,062.5) | (772.0) | 5.8 | (397.8) | (513.2) | (7.4) | (235.1) | (6.9) | 376.9 | 163.5 | 329.5 | 131.4 | 309.3 | (60.8) | (171.4) | (83.8) | (48.6) | 157.9 | 157.3 | 99 | 18.6 |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 565.2 | 611.6 | (86.2) | (119.5) | (803.5) | 1,348.7 | 206.1 | (132.9) | 155.2 | 31.7 | (259.1) | (499.4) | 837.3 | 60.1 | 225.0 | (6.3) | (70.8) | 105.4 | 93.2 | 139.6 | (12.7) | (5.9) | 61.4 |
| Cash at Beginning | 1,974.7 | 1,363.2 | 1,449.3 | 1,568.8 | 2,372.4 | 1,023.7 | 817.6 | 950.5 | 795.3 | 763.6 | 932.1 | 1,431.5 | 594.2 | 534.1 | 309.1 | 315.5 | 386.3 | 280.8 | 346.5 | 206.9 | 219.6 | 225.5 | 126.3 |
| Cash at End | 2,539.9 | 1,974.7 | 1,363.2 | 1,449.3 | 1,568.8 | 2,372.4 | 1,023.7 | 817.6 | 950.5 | 795.3 | 672.9 | 932.1 | 1,431.5 | 594.2 | 534.1 | 309.1 | 315.5 | 386.3 | 439.6 | 346.5 | 206.9 | 219.6 | 187.7 |
| Free Cash Flow | 3,469.5 | 3,572.7 | 2,876.2 | 2,515.9 | 2,117.4 | 1,578.5 | 1,083.3 | 570.3 | 595.2 | 797.5 | 1,687.5 | 1,577.8 | 1,369.9 | 922.5 | 129.9 | (20.8) | 40.9 | 192.5 | 281.1 | 106.9 | 159.3 | 117.3 | 143.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 14,705.5 | 13,638.8 | 12,142.9 | 11,166.5 | 9,455.5 | 8,098.9 | 7,902.2 | 7,691.7 | 8,010.9 | 7,654.2 | 7,206.5 | 7,538.9 | 6,408.5 | 5,823.6 | 4,909.2 | 4,507.5 | 4,431.2 | 4,708.8 | 5,588.4 | 5,394.8 | 4,996.8 | 4,512.2 | 3,630.1 | 2,566.1 | 1,941.8 | 1,781.3 | 1,673.7 | 1,582.5 | 1,400.3 | 1,225.2 | 1,021.9 | 830.8 | 582.6 |
| Gross Profit | 2,913.7 | 3,121.6 | 2,724.4 | 2,438.0 | 2,022.8 | 1,347.8 | 1,478.1 | 1,381.4 | 1,648.0 | 1,441.4 | 1,290.0 | 2,049.1 | 2,131.8 | 1,872.5 | 1,390.5 | 1,416.7 | 2,094.5 | 2,020.1 | 2,480.7 | 2,241.1 | 1,972.6 | 1,747.6 | 674.6 | 1,102.1 | 561.3 | 686.9 | 587.8 | 667.8 | 665.9 | 556.0 | 450.9 | 830.8 | 582.6 |
| Operating Income | 2,334.3 | 2,264.5 | 1,754.4 | 1,719.7 | 1,282.9 | 704.8 | 852.9 | 812.1 | 772.8 | 896.4 | 732.0 | 952.2 | 698.9 | 701.9 | 513.1 | 598.9 | 382.2 | 326.3 | 1,092.4 | 988.6 | 770.5 | 638.5 | 489.3 | 259.4 | (151.4) | 40.9 | (79.2) | 62.8 | 1,351.4 | 115.0 | 82.7 | 803.2 | 560.3 |
| Net Income | 1,779.4 | 1,756.1 | 1,381.4 | 1,381.1 | 1,022.5 | 530.7 | 681.9 | 640.7 | 549.1 | 601.9 | 503.7 | 648.9 | 499.9 | 510.6 | 391.2 | 446.4 | 309.1 | 281.1 | 766.2 | 699.5 | 544.9 | 438.1 | 337.2 | 175.0 | (91.5) | 34.1 | (36.6) | 58.8 | 99 | 90.3 | 60.9 | 35.1 | 51.6 |
| EPS (Diluted) | 4.45 | 4.36 | 3.37 | 3.29 | 2.44 | 1.25 | 1.56 | 1.48 | 1.26 | 1.39 | 1.15 | 1.44 | 1.05 | 1.58 | 1.20 | 1.28 | 0.83 | 0.72 | 1.73 | 1.54 | 1.21 | 0.98 | 0.76 | 0.44 | -0.27 | 0.12 | -0.12 | 0.14 | 0.27 | 0.22 | 0.17 | 0.12 | 0.17 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 2,539.9 | 1,974.7 | 1,363.2 | 1,449.3 | 1,568.8 | 2,372.4 | 1,023.7 | 817.6 | 950.5 | 795.3 | 515.4 | 1,134.8 | 932.1 | 1,431.5 | 594.2 | 9.5 | 0.9 | 20.1 | 16.1 | 21.7 | 19.3 | 10.2 | 0 | 0 | |||||||||
| Total Assets | 44,071.1 | 40,567.3 | 37,202.0 | 33,861.1 | 32,086.4 | 28,606.9 | 26,662.1 | 24,896.0 | 24,299.9 | 23,364.8 | 17,328.6 | 16,121.2 | 11,451.0 | 9,334.7 | 7,031.3 | 5,633.5 | 5,022.1 | 4,784.8 | 4,983.4 | 4,544.3 | 4,073.3 | 3,618.7 | 3,582.3 | 2,156.5 | |||||||||
| Total Debt | 2,839.7 | 2,841.0 | 2,842.4 | 2,837.2 | 3,267.1 | 2,725.3 | 2,626.3 | 2,789.5 | 2,497.3 | 2,488.2 | 1,595.3 | 1,271.5 | 1,016.5 | 852.5 | 561.2 | 370.6 | 380.2 | 429.8 | 449.9 | 390.4 | 390.1 | 319.3 | 331 | 254.8 | |||||||||
| Stockholders' Equity | 9,700.8 | 8,395.1 | 7,455.4 | 6,748.3 | 6,653.0 | 6,310.8 | 6,074.9 | 5,437.9 | 5,411.3 | 5,047.2 | 3,596.1 | 3,046.3 | 2,109.7 | 1,682.6 | 1,335.2 | 931.6 | 680.9 | 591.8 | 861.3 | 947.3 | 879.7 | 929.8 | 597.7 | 526.3 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 3,639.5 | 3,678.4 | 2,929.2 | 2,568.6 | 2,184.0 | 1,616.7 | 1,143.8 | 620.2 | 710.9 | 848.4 | 1,719.8 | 1,619.7 | 1,398.2 | 959.1 | 151.9 | (13.3) | 49.1 | 219.7 | 299.0 | 153.9 | 159.3 | 117.3 | 153.3 | ||||||||||
| Capital Expenditure | (170.0) | (105.6) | (53.1) | (52.7) | (66.6) | (38.2) | (60.5) | (49.9) | (115.7) | (50.8) | (32.3) | (41.9) | (28.3) | (36.6) | (22.1) | (7.5) | (8.1) | (27.2) | (17.9) | (47.0) | 0 | 0 | (10) | ||||||||||
| Free Cash Flow | 3,469.5 | 3,572.7 | 2,876.2 | 2,515.9 | 2,117.4 | 1,578.5 | 1,083.3 | 570.3 | 595.2 | 797.5 | 1,687.5 | 1,577.8 | 1,369.9 | 922.5 | 129.9 | (20.8) | 40.9 | 192.5 | 281.1 | 106.9 | 159.3 | 117.3 | 143.3 | ||||||||||