W. R. Berkley Corporation logo WRB - W. R. Berkley Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 20
SELL 4
STRONG
SELL
0
| PRICE TARGET: $70.30 DETAILS
HIGH: $80.00
LOW: $64.00
MEDIAN: $69.00
CONSENSUS: $70.30
UPSIDE: 4.09%
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 3,688.7 3,719.1 3,768.2 3,670.8 3,547.4 3,667.6 3,400.4 3,314.0 3,256.8 3,221.4 3,030.6 2,995.9 2,895.0 3,013.8 2,724.4 2,512.9 2,915.4 2,578.2 2,424.3 2,296.1 2,156.9 2,312.5 2,039.8 1,936.0 1,810.6 1,976.1 1,965.7 2,023.4 1,937.0 1,951.6 1,937.9 1,910.9 1,891.2 1,608.8 2,031.3 1,848.0 1,870.4 1,971.6 2,019.7 1,855.9 1,909.0 1,811.1 1,968.0 1,895.4 1,837.3 1,784.4 1,840.6 1,797.0 1,706.9 1,696.7 1,634.1 1,571.0 1,506.8 1,367.6 1,354.0 1,360.2 1,330.5 1,371.0 1,279.7 1,270.9 1,234.4 1,231.3 1,176.1 1,163.1 1,153.5 1,176.2 1,136.3 1,155.1 963.6 1,078.8 1,055.6 1,199.1 1,375.2 1,400.0 1,408.0 1,386.6 1,359.0 1,360.4 1,368.5 1,358.3 1,307.5 1,343.9 1,272.2 1,220.8 1,160.0 1,183.2 1,139.5 1,110.8 1,078.7 995.4 927.0 818.2 566.9 501.6 491.0 449.2 480.1 446.0 431.9 423.3
Cost of Revenue 1,936.0 2,953.6 3,081.2 2,994.7 2,762.3 2,741.6 2,683.1 2,615.7 2,476.7 2,420.1 2,404.4 2,311.8 2,307.4 2,271.5 2,299.9 2,112.8 2,019.6 1,986.9 1,923.9 1,813.0 1,708.9 1,691.6 1,680.0 1,695.2 1,684.3 1,649.7 1,622.2 1,597.8 1,554.4 1,607.3 1,591.6 1,562.5 1,548.9 1,575.5 1,662.3 1,562.3 1,562.9 1,961.8 1,554.0 1,555.7 1,461.4 957.0 956.2 938.6 931.8 947.2 910.4 891.4 844.4 870.8 819.3 828.6 767.0 801.2 759.4 752.8 699.1 693.0 684.0 674.3 607.1 591.5 597.9 570.5 550.0 543.0 586.0 597.3 610.4 631.7 694.3 679.7 1,013.9 28.0 1,039.8 1,028.8 685.1 689.2 731.9 742.1 1,011.3 82.2 1,042.3 972.9 926.9 53.4 950.4 902.1 858.7 558.9 514.2 448.1 336.5 420.9 296.7 271.5 290.8 276.3 265.5 261.8
Gross Profit 1,752.6 765.5 687.1 676.1 785.1 926.0 717.3 698.4 780.0 801.3 626.2 684.1 587.6 742.3 424.5 400.1 895.8 591.3 500.3 483.1 448.0 620.9 359.8 240.8 126.3 326.3 343.5 425.6 382.7 344.3 346.3 348.4 342.4 33.3 369.0 285.8 307.5 9.9 465.7 300.2 447.6 854.0 1,011.8 956.8 905.5 837.3 930.2 905.6 862.6 825.9 814.8 742.4 739.8 566.4 594.6 607.3 631.4 677.9 595.8 596.7 627.3 639.8 578.2 592.6 603.6 633.1 550.3 557.8 353.2 447.2 361.4 519.4 361.3 1,372.0 368.2 357.7 673.9 671.2 636.6 616.2 296.2 1,261.6 229.9 247.9 233.1 1,129.8 189.1 208.6 220.0 436.4 412.8 370.1 230.4 80.7 194.3 177.7 189.3 169.6 166.4 161.6
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 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 451.5 448.8 431.8 428.3 407.1 403.7 386.1 388.4 369.2 370.8 368.0 364.9 353.1 365.5 357.3 0 358.6 376.2 380.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 1,136.5 159.0 19.8 154.2 246.5 197.7 242.8 210.7 206.0 300.1 206.3 226.9 211.5 263.9 138.2 177.5 163.3 236.7 168.1 183.2 151.9 221.5 153.4 135.4 132.8 179.6 140.5 151.9 153.2 181.6 137.0 119.2 131.4 (168.1) 142.9 124.8 123.2 (221.9) 134.1 141.9 272.9 697.8 782.9 778.6 736.8 674.6 651.8 642.1 615.0 644.2 616.6 583.6 579.6 333.9 9.4 10.1 12.3 99.6 92.5 84.0 81.9 75.9 87.7 75.9 75.0 82.8 71.4 67.0 50.2 423.8 59.6 47.7 (283.2) 1,110.4 110.5 87.3 405.9 388.8 391.6 382.2 69.0 1,024.0 62.6 56.3 59.2 958.8 50.2 50.7 49.4 301.1 271.4 258.1 193.2 185.5 180.7 164.1 163.8 162.5 160.0 (247.4)
Operating Expenses 1,136.5 159.0 19.8 154.2 246.5 197.7 242.8 210.7 206.0 300.1 206.3 226.9 211.5 263.9 138.2 177.5 163.3 236.7 168.1 183.2 151.9 221.5 153.4 135.4 132.8 179.6 140.5 151.9 153.2 181.6 137.0 119.2 131.4 (168.1) 142.9 124.8 123.2 (221.9) 134.1 141.9 272.9 697.8 782.9 778.6 736.8 674.6 651.8 642.1 615.0 644.2 616.6 583.6 579.6 333.9 460.9 458.9 444.1 527.9 499.6 487.6 468.1 464.2 456.9 446.8 443.0 447.6 424.6 432.5 407.5 423.8 418.2 424.0 97.0 1,110.4 110.5 87.3 405.9 388.8 391.6 382.2 69.0 1,024.0 62.6 56.3 59.2 958.8 50.2 50.7 49.4 301.1 271.4 258.1 193.2 185.5 180.7 164.1 163.8 162.5 160.0 (247.4)
Operating Income
Operating Income 616.1 606.5 667.3 521.9 538.6 728.3 474.4 487.7 574.1 501.2 419.9 457.2 376.1 478.4 286.3 222.6 732.4 354.6 332.3 299.9 296.1 399.4 206.4 105.4 (6.5) 146.8 203.0 273.7 229.4 162.6 209.2 229.2 211.0 201.4 226.1 161.0 184.3 231.8 331.6 158.3 174.7 156.2 228.9 178.2 168.7 162.7 278.5 263.5 247.6 181.7 198.2 158.7 160.2 232.5 133.7 148.4 187.3 150.0 96.1 109.0 159.2 175.6 121.3 145.8 160.6 185.5 125.8 125.3 (54.3) 23.4 (56.8) 95.4 264.3 261.6 257.7 270.4 267.9 282.4 245.0 234.0 227.2 237.6 167.3 191.6 173.9 171.0 138.9 157.9 170.7 135.3 141.4 112.0 37.2 (104.8) 13.6 13.6 25.4 7.1 6.4 409.0
Interest Expense 31.7 31.6 31.8 31.8 31.7 31.8 31.7 31.7 31.7 31.9 31.9 31.9 31.8 31.9 31.8 31.7 35.0 37.3 35.1 38.1 36.7 35.7 39.8 38.4 36.7 33.5 38.5 40.7 40.7 40.6 39.8 39.7 37.1 36.9 36.8 36.8 36.8 36.9 37.0 34.8 32.2 31.7 31.6 33.0 34.5 34.6 32.9 30.3 30.3 30.5 30.3 31.2 31.1 32.6 32.5 32.4 28.8 28.2 28.1 28.1 28.1 28.2 26.7 26.0 26.0 26.0 21.6 20.2 20.2 20.2 20.3 21.4 22.7 22.9 22.7 22.7 20.7 22.5 23.3 23.3 23.5 25.0 23.6 19.2 18.1 18.2 16.7 15.8 15.8 15.5 13.3 11.4 11.3 11.3 11.4 11.4 11.6 11.7 11.8 12.5
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 647.8 601.6 670.8 539.7 560.5 746.4 494.2 455.1 525.0 508.9 448.2 486.2 417.6 520.2 326.8 266.9 792.0 420.3 398.1 375.1 366.3 473.9 278.3 182.8 55.3 251.6 232.2 338.3 297.6 257.8 269.2 296.3 277.1 273.1 296.4 224.3 239.2 285.6 390.9 209.7 237.1 207.7 283.7 234.3 222.5 222.7 324.0 319.4 303.2 235.3 258.0 219.6 212.2 303.4 184.1 205.8 238.3 208.9 148.4 148.3 209.4 222.6 169.6 193.8 207.2 234.2 155.7 170.1 (10.9) 67.2 (17.7) 121.3 324.1 296.3 300.5 314.1 309.4 319.6 285.0 273.0 268.7 286.2 200.4 226.7 207.1 209.1 161.6 188.9 200.4 157.5 160.3 127.0 53.3 (89.3) 29.2 30.2 43.2 24.2 22.7 18.2
EBIT 647.8 601.6 679.5 553.6 570.3 760.1 506.2 519.4 605.8 533.1 451.8 489.0 407.9 510.3 318.0 254.3 767.4 391.9 367.4 338.0 332.7 435.1 246.2 143.8 30.3 180.3 241.5 314.5 270.2 203.2 249.1 268.9 248.0 238.3 262.9 197.8 221.1 268.7 368.7 193.1 206.9 187.9 260.6 211.2 203.3 197.3 311.4 293.8 277.9 212.2 228.6 189.9 191.3 265.0 166.2 180.9 216.1 178.2 124.2 137.2 187.3 203.8 148.0 171.8 186.6 211.4 147.4 145.5 (34.1) 43.6 (36.5) 116.8 287.1 284.5 280.4 293.1 288.6 304.9 268.3 257.3 250.7 262.6 191.0 210.9 192.0 189.2 155.6 173.7 186.4 150.8 154.6 123.4 48.5 (93.5) 25.0 25.1 37.1 18.8 18.2 12.5
Income Before Tax 616.1 572.0 648.1 521.9 538.6 728.3 474.4 487.7 574.1 501.2 419.9 457.2 376.1 478.4 286.3 222.6 732.4 354.6 332.3 299.9 296.1 399.4 206.4 105.4 (6.5) 146.8 203.0 273.7 229.4 162.6 209.2 229.2 211.0 201.4 226.1 161.0 184.3 231.8 331.6 158.3 174.7 156.2 228.9 178.2 168.7 162.7 278.5 263.5 247.6 181.7 198.2 158.7 160.2 232.5 133.7 148.4 187.3 150.0 96.1 109.0 159.2 175.6 121.3 145.8 160.6 185.5 125.8 125.3 (54.3) 23.4 (56.8) 95.4 264.3 261.6 257.7 270.4 267.9 282.4 245.0 234.0 227.2 237.6 167.3 191.6 173.9 171.0 138.9 157.9 170.7 135.3 141.4 112.0 37.2 (104.8) 13.6 13.6 25.4 7.1 6.4 1.7
Income Tax Expense 100.5 117.2 136.1 121.2 121.3 153.0 109.1 115.8 132.0 102.2 86.5 101.5 80.3 96.4 55.8 43.1 139.4 60.3 65.0 62.3 64.4 86.9 54.0 33.8 (2.9) 27.0 37.8 56.3 47.8 26.4 44.8 48.5 43.4 45.1 63.3 51.4 59.6 78.2 111.0 49.4 54.4 46.3 76.2 55.1 50.3 51.8 89.7 83.3 77.9 46.3 60.0 43.6 43.6 67.0 32.7 39.5 52.1 32.1 19.8 26.9 43.6 48.7 27.6 35.6 41.8 51.3 28.0 27.9 (34.1) (17.0) (29.0) 15.2 75.7 76.0 76.3 79.4 79.1 83.1 70.4 67.9 64.9 69.2 44.5 56.1 52.7 53.4 40.6 48.2 54.0 42.7 44.2 32.9 15.6 (35.1) 3.1 2.5 6.5 0.9 (0.6) (2.7)
Net Income 515.2 449.5 511.0 401.3 417.6 576.1 365.6 371.9 442.5 397.3 333.6 356.3 294.1 382.2 228.9 179.3 590.6 294.4 261.3 237.2 229.5 312.1 151.7 71.3 (4.4) 119.3 165.2 216.7 180.7 132.4 161.9 180.1 166.4 154.6 162.1 109.0 123.4 152.8 220.7 109.0 119.5 109.7 152.6 123.0 118.3 110.7 188.5 180.0 169.7 130.4 137.0 116.0 116.6 165.5 100.9 108.8 135.3 117.9 76.4 82.2 115.6 126.9 93.6 110.2 118.6 134.3 97.7 97.4 (20.3) 40.3 (27.9) 80.3 188.4 184.1 180.5 190.6 188.4 198.1 174.3 165.5 161.7 167.4 122.5 134.1 120.9 116.1 97.1 109.5 115.4 93.2 95.8 72.7 27.4 (64.2) 9.6 10.3 16.7 8.0 6.6 4.3
Per Share Data
EPS (Basic) 1.31 1.13 1.29 1.01 1.05 1.45 0.92 0.93 1.10 0.98 0.83 0.88 0.71 0.92 0.55 0.43 1.42 0.71 0.63 0.57 0.55 0.75 0.36 0.17 -0.01 0.28 0.38 0.51 0.42 0.31 0.38 0.42 0.39 0.36 0.38 0.26 0.30 0.37 0.53 0.26 0.29 0.26 0.37 0.29 0.28 0.26 0.44 0.42 0.39 0.29 0.30 0.38 0.38 0.54 0.33 0.35 0.44 0.38 0.25 0.26 0.37 0.38 0.28 0.32 0.34 0.37 0.27 0.27 -0.06 0.11 -0.08 0.21 0.48 0.50 0.43 0.44 0.44 0.46 0.40 0.38 0.37 0.39 0.28 0.31 0.28 0.27 0.23 0.26 0.27 0.22 0.23 0.18 0.07 -0.18 0.03 0.03 0.06 0.02 0.02 0.01
EPS (Diluted) 1.31 1.13 1.28 1.00 1.04 1.44 0.91 0.92 1.09 0.98 0.82 0.87 0.71 0.91 0.55 0.43 1.41 0.71 0.62 0.57 0.55 0.74 0.36 0.17 -0.01 0.27 0.38 0.50 0.42 0.31 0.37 0.41 0.39 0.36 0.37 0.25 0.28 0.35 0.51 0.25 0.28 0.25 0.35 0.28 0.26 0.25 0.42 0.40 0.37 0.28 0.29 0.36 0.37 0.52 0.32 0.34 0.42 0.36 0.24 0.25 0.35 0.37 0.27 0.31 0.33 0.36 0.26 0.26 -0.06 0.11 -0.08 0.20 0.46 0.48 0.41 0.41 0.41 0.43 0.39 0.36 0.36 0.37 0.27 0.30 0.27 0.26 0.22 0.25 0.26 0.21 0.22 0.18 0.07 -0.18 0.03 0.03 0.06 0.02 0.02 0.01
Shares Outstanding 392.3 396.7 397.2 397.0 396.9 398.0 398.3 400.3 402.3 406.5 406.8 409.6 416.0 418.3 418.7 419.3 417.9 415.0 420.2 418.6 419.8 420.7 421.3 421.9 428.1 434.9 435.6 434.4 432.6 433.4 433.8 433.1 430.3 430.8 434.1 432.7 433.5 430.1 433.0 432.6 433.6 435.4 435.2 437.1 447.1 446.0 448.2 449.9 457.1 471.4 475.1 317.9 316.1 318.3 318.7 310.9 310.1 308.6 312.3 318.7 317.6 322.5 330.9 340.2 345.3 359.7 361.1 360.0 362.5 363.0 366.0 376.1 397.6 413.9 419.9 437.3 434.7 432.9 431.0 432.9 431.4 434.3 430.7 431.0 427.1 425.6 425.6 424.7 423.4 421.4 421.9 407.0 380.6 365.3 330.2 307.0 297.2 290.2 291.8 291.2
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 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 2,280.9 2,539.9 2,404.0 1,984.5 1,720.2 1,974.7 1,573.2 1,580.3 1,169.1 1,363.2 1,646.1 1,823.6 1,242.4 1,449.3 1,130.8 1,316.6 2,114.8 1,568.8 2,069.0 1,790.2 2,014.9 2,372.4 2,571.4 2,430.8 965.0 1,023.7 812.5 1,258.2 937.4 817.6 819.4 911.2 956.6 950.5 774.0 788.4 608.4 795.3 873.1 948.7 837.5 781.5 441.0 515.4 771.5 826.1 591.3 1,220.2 1,074.9 1,431.5 1,099.2 722.9 594.2 31.5 3.5 18.3 5.9 0.9 16.0 12.9 17.3 20.1 27 22 25 16.1 20 17 12 21.7 10 20 26 19.3 10 11 15 10.2 0 0 0 0 0 0 0 0 0 0 0
Short-Term Investments 26,642.4 26,238.2 25,987.9 25,097.7 24,407.6 23,476.1 23,440.9 23,382.6 23,289.0 21,063.0 21,042.4 20,019.3 19,980.1 18,480.3 19,569.5 19,148.8 18,741.6 17,782.3 17,752.2 16,930.8 16,636.5 14,159.4 13,893.0 13,281.1 13,666.1 14,181.0 14,529.7 14,149.4 13,982.6 13,606.8 13,897.7 13,691.1 13,839.2 14,127.9 14,487.7 14,126.9 14,034.4 13,859.9 13,775.6 13,241.6 12,887.1 0 0 0 0 0 0 0 0 0 89.4 87.0 0 43.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 7,276.6 7,229.7 7,369.6 7,683.5 7,479.1 7,168.0 7,668.8 7,198.8 7,040.3 7,162.2 7,134.0 7,156.8 6,862.1 6,406.7 6,064.3 5,989.5 5,657.7 5,592.5 5,664.3 5,653.0 5,191.3 5,122.9 4,768.3 4,714.8 4,470.4 4,577.8 4,297.9 4,476.6 4,228.5 4,088.0 3,961.0 3,863.6 3,741.1 3,746.3 3,855.9 3,678.3 3,435.8 3,945.2 3,620.5 3,795.4 3,681.9 1,302.0 1,336.9 1,358.0 1,331.1 1,377.4 2,476.8 2,024.0 2,034.5 1,755.5 1,923.8 1,933.4 1,734.1 1,582.0 1,617.8 1,502.6 1,489.6 1,399.1 1,257.4 1,222.9 1,251.5 1,259.8 404.9 419.1 421 1,120.3 391 388 372.7 331.8 435.9 323.9 275 683.9 525.4 670.6 248.5 654.7 236.7 218.4 205.4 191.4 183.7 141.4 123.9 107.3 106.7 113.4 152.1
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 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (22,303.0) (21,859.0) (21,035.7) (19,678.1) (20,350.1) (20,187.5) (20,422.6) (19,665.2) (19,011.3) (19,175.3) (18,969.2) (19,027.4) (19,296.7) (19,591.4) (19,075.8) (18,530.4) (19,013.5) (18,699.1) (18,435.8) (17,835.6) (2,319.2) (1,997.5) (2,084.5) (2,325.0) (2,394.7) (3,254.4) (3,447.5) (3,318.9) (3,380.7) (3,350.6) (2,973.5) (2,492.5) (1,818.8) (1,722.1) (1,621.0) (1,602.3) (1,499.5) (1,376.0) (1,340.1) (1,357.5) (1,370.8) (404.9) (419.1) (421) (1,216.0) (391) (388) (372.7) (425.6) (435.9) (323.9) (275) (773.2) (525.4) (670.6) (248.5) (742.6) (236.7) (218.4) (205.4) (191.4) (183.7) (141.4) (123.9) (107.3) (106.7) (113.4) (152.1)
Total Current Assets 37,070.6 36,889.7 36,646.2 35,638.3 34,422.6 33,442.0 33,513.7 33,916.0 33,144.7 30,347.3 31,433.1 30,583.0 29,572.3 27,032.8 28,232.6 27,903.0 27,911.5 25,620.5 26,819.1 25,682.4 25,105.1 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 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 567.1 596.2 492.8 490.1 481.7 478.5 478.4 477.0 466.9 426.8 423.3 421.0 421.1 423.2 414.2 415.4 417.9 419.9 419.9 428.7 404.3 405.9 410.2 414.3 422.0 422.1 417.0 398.9 406.8 416.4 424.8 427.6 424.8 423.0 399.9 425.0 356.9 349.4 348.2 346.0 346.5 245.0 245.3 246.6 250.1 253.4 200.4 149.4 147.1 143.8 140.0 136.1 135.5 133.8 118.5 119.6 119.9 118.3 123.5 125.0 127.8 128.7 185.3 130.8 133.2 136.9 137.8 135.1 133.5 126.8 126.3 117.5 116.6 116.3 0 0 0 0 0 0 0 0 0 0 0 0 34.1 34.3 33
Goodwill 184.3 184.3 184.3 184.3 184.3 184.3 184.1 184.1 174.6 174.6 174.6 174.6 185.5 185.5 169.7 169.7 169.7 169.7 169.7 169.7 169.7 169.7 169.7 169.7 169.7 169.7 169.7 173.0 173.0 173.0 171.1 179.0 178.9 178.9 173.4 144.9 144.5 144.5 134.1 154.3 153.7 107.1 109.4 107.1 108.0 106.3 103.3 59.0 59.0 59.0 59.0 59.0 59.0 59.0 66.5 68.2 70.3 71.5 72.7 73.7 75.4 76.5 0 0 0 76.6 0 0 0 73.1 0 0 0 73.4 0 0 0 69.6 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,012.8 1,000.7 1,030.9 1,017.1 978.2 951.7 958.0 0 0 861.6 0 0 0 763.5 0 0 0 676.1 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 0 106.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 77.5 78.4 79 0 72.6 72 72.4 73.1 72.2 72.9 72.7 0 74.2 71 71 0 55.6 54.5 54.9 55.3 55.8 56.2 45.7 46 46.4 46.7 47.5
Long-Term Investments 4,643.5 4,449.3 4,475.9 4,403.4 4,394.6 4,413.4 4,386.6 3,217.8 3,057.6 4,216.5 3,048.8 3,068.0 3,135.0 4,379.4 3,095.4 3,119.8 2,936.9 4,389.5 3,358.8 3,296.7 3,397.1 16,435.9 16,087.8 15,383.5 15,867.9 16,275.9 16,399.0 16,084.4 15,847.2 15,671.2 15,827.7 15,620.8 15,745.2 15,901.2 16,095.9 15,951.9 16,026.2 15,358.0 15,610.3 14,943.2 14,451.0 12,003.3 12,181.4 12,166.3 11,235.1 10,650.7 11,694.0 5,785.3 5,768.2 4,941.9 4,354.6 4,322.0 3,882.5 3,778.7 2,782.1 2,672.6 2,725.6 2,703.0 2,703.0 2,606.9 2,585.6 2,577.9 0 0 0 2,931.9 0 0 0 2,903.4 0 0 0 2,611.0 0 0 0 2,391.6 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 837.2 809.4 885.0 924.9 884.3 877.1 838.5 1,115.0 1,007.2 865.6 1,031.6 1,062.0 982.1 736.0 1,165.0 1,084.5 815.0 753.2 776.7 720.4 715.2 (17,011.5) (16,667.7) (15,967.5) (16,459.5) (16,867.7) (16,985.6) (16,656.3) (16,427.1) (16,260.6) (16,423.6) (16,227.4) (16,348.8) (16,503.1) (16,669.2) (16,521.8) (16,527.6) (15,852.0) (16,092.6) (15,443.6) (14,951.2) (12,355.5) (12,536.1) (12,503.5) (11,593.2) (11,010.3) (11,997.8) (5,993.7) (5,974.3) (5,144.7) (4,553.7) (4,517.1) (4,077.0) (3,971.5) (2,967.1) (2,860.3) (2,915.8) (2,892.8) (2,899.3) (2,805.6) (2,788.9) (2,783.1) (262.8) (209.2) (212.2) (3,145.5) (210.4) (207.1) (205.9) (3,103.3) (198.5) (190.4) (189.3) (2,800.7) (74.2) (71) (71) (2,461.2) (55.6) (54.5) (54.9) (55.3) (55.8) (56.2) (45.7) (46) (80.5) (81) (80.5)
Total Non-Current Assets 7,244.9 7,181.4 7,069.0 7,019.8 6,923.2 7,125.2 6,845.6 4,993.9 4,706.3 6,854.7 4,678.3 4,725.7 4,723.7 6,828.3 4,844.2 4,789.4 4,339.5 6,465.9 4,725.2 4,615.5 4,686.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 44,315.6 44,071.1 43,715.2 42,658.1 41,345.8 40,567.3 40,359.3 38,909.9 37,851.1 37,202.0 36,111.3 35,308.7 34,296.1 33,861.1 33,076.8 32,692.4 32,251.0 32,086.4 31,544.3 30,297.9 29,791.3 28,606.9 28,212.4 27,323.3 26,089.9 26,662.1 26,218.5 26,487.9 25,585.3 24,896.0 24,855.6 24,621.1 24,587.8 24,299.9 24,336.1 23,993.5 23,547.4 23,364.8 23,345.7 23,025.9 22,230.9 17,416.9 17,231.9 17,328.6 16,656.5 16,193.3 16,695.8 10,321.4 10,072.3 9,334.7 8,304.3 7,872.6 7,031.3 6,488.7 5,481.3 5,197.2 5,216.9 5,022.1 4,884.9 4,767.8 4,857.4 4,784.8 4,818.1 4,798.6 4,844.4 4,983.4 4,793.4 4,858.2 4,909 4,544.3 4,438.1 4,332.6 4,090.8 4,073.3 3,814 3,699.2 3,685.3 3,618.7 3,867.7 3,736.6 3,636.5 3,582.3 3,551.6 2,354.5 2,306.9 2,156.5 2,114.4 2,066.2 2,061.3
Current Liabilities
Account Payables 627.8 615.8 626.2 644.6 647.4 668.7 727.1 0 0 631.2 0 0 0 523.1 0 0 0 568.6 0 0 0 426.1 406.8 424.8 368.7 360.3 336.5 294.9 262.8 256.9 231.2 252.4 248.7 246.5 228.5 221.6 218.0 213.1 261.6 246.5 256.8 0 0 0 0 0 126.2 130.6 129.1 123.2 190.0 216.5 184.9 188.1 194.7 167.8 150.7 132.5 137.1 136.1 149.3 144.7 0 0 0 130.5 0 0 0 95.1 0 0 0 71.4 0 0 0 65.8 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 5.4 0 0 0 5.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68.1 0 0 0 0 0 0 10 10 0 45 35 35 75 75 55.5 0 0 20.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 6,776.8 6,721.6 6,910.1 6,818.4 6,494.2 6,375.1 6,489.6 6,332.7 5,996.8 5,922.3 5,899.7 5,698.5 5,385.9 5,297.7 5,375.0 5,249.5 5,026.9 4,847.2 4,769.3 4,544.5 4,288.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 19,347.6 19,053.5 18,601.7 18,218.0 17,679.3 17,231.8 16,991.3 19,567.2 19,099.6 15,704.5 18,273.3 17,920.0 17,431.6 14,260.5 16,540.1 16,145.8 15,722.9 12,865.8 14,919.6 14,480.9 14,080.5 (467.4) (406.8) (435.7) (368.7) (370.3) (351.8) (333.4) (306.0) (256.9) (231.2) (252.4) (345.5) (257.8) (345.1) (316.5) (388.0) (213.1) (358.5) (286.7) (288.1) (220.1) (204.6) (208.0) (158.2) (115.5) (126.2) (130.6) (129.1) (123.2) (258.1) (216.5) (184.9) (188.1) (194.7) (167.8) (150.7) (142.5) (147.1) (136.1) (194.3) (179.7) (35) (75) (75) (186.0) 0 0 (20.2) (95.1) 0 0 0 (71.4) 0 0 0 (65.8) 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 26,828.4 26,540.6 26,196.0 25,711.9 24,905.2 24,402.4 24,244.1 26,711.6 25,820.2 22,320.3 24,807.0 24,216.6 23,356.9 20,121.1 22,495.2 21,937.1 21,331.2 18,303.8 20,247.1 19,560.9 18,832.5 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 2,841.0 2,839.7 2,839.9 2,841.8 2,842.8 2,841.0 2,837.4 2,837.9 2,837.3 2,837.0 2,837.0 2,835.8 2,836.5 2,831.8 2,842.5 2,840.3 2,842.0 3,267.1 3,266.1 2,919.0 3,310.4 2,725.3 3,072.8 2,924.6 2,631.1 2,626.3 2,342.8 2,781.7 2,782.7 2,789.5 2,697.8 2,699.2 2,679.6 2,497.3 2,488 2,487.0 2,487.3 2,488.2 2,489.9 2,535.8 2,261.5 1,585.3 1,588.1 1,595.3 1,272.4 1,271.6 1,363.8 208.3 208.3 852.5 431.3 499.2 561.2 362.9 370.5 370.4 370.3 370.2 370.1 370.0 369.9 394.8 394.7 394.6 394.5 394.4 386.4 386.3 582.5 390.4 598.2 390.3 390.2 390.1 390 390 389.9 319.3 322.2 325.1 328.1 331 330.9 254.9 254.9 254.8 254.8 254.8 254.7
Deferred Tax Liabilities 0 99.9 0 0 0 65.2 0 0 0 42.7 0 0 0 11.6 0 0 0 17.5 0 0 76.7 42.2 0 0 0 26.4 0 0 0 0 0 0 0 86.8 0 0 0 134.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.9 0 0 0 32.9 0 0 0 4.0 0 0 0 14.4 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 4,895.5 4,879.0 4,874.4 4,799.5 4,671.4 4,851.3 4,838.4 1,573.4 1,395.0 4,532.8 1,537.4 1,347.9 1,137.1 4,128.4 1,369.2 1,378.2 1,189.9 3,830.3 1,367.4 1,230.0 1,141.4 (2,767.5) (3,072.8) (2,924.6) (2,631.1) (2,652.7) (2,342.8) (2,781.7) (2,782.7) (2,789.5) (2,697.8) (2,699.2) (2,679.6) (2,584.0) (2,488) (2,487.0) (2,487.3) (2,622.6) (2,489.9) (2,535.8) (2,261.5) (1,585.3) (1,588.1) (1,595.3) (1,272.4) (1,271.6) (1,363.8) (208.3) (208.3) (852.5) (431.3) (499.2) (561.2) (362.9) (370.5) (370.4) (370.3) (370.2) (370.1) (370.0) (369.9) (394.8) (394.7) (394.6) (394.5) (401.3) (386.4) (386.3) (582.5) (423.3) (598.2) (390.3) (390.2) (394.1) (390) (390) (389.9) (333.6) (322.2) (325.1) (328.1) (331) (330.9) (254.9) (254.9) (254.8) (254.8) (254.8) (254.7)
Total Non-Current Liabilities 7,736.6 7,818.6 7,714.2 7,641.3 7,514.2 7,757.4 7,675.8 4,411.3 4,232.3 7,412.5 4,374.4 4,183.7 3,973.6 6,971.9 4,211.6 4,218.5 4,031.9 7,114.8 4,633.5 4,149.0 4,528.5 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Liabilities 34,564.9 34,359.2 33,910.2 33,353.2 32,419.4 32,159.8 31,919.9 31,122.9 30,052.6 29,732.8 29,181.4 28,400.3 27,330.4 27,092.9 26,706.8 26,155.6 25,363.2 25,418.7 24,880.6 23,710.0 23,361.0 22,281.1 22,172.7 21,477.9 20,552.4 20,543.8 20,119.1 20,467.8 19,782.5 19,416.2 19,376.6 19,155.5 19,095.7 18,848.8 18,865.4 18,667.5 18,328.9 18,283.7 18,383.8 18,086.8 17,442.9 13,728.1 13,580.1 13,726.6 13,360.8 13,113.4 13,144.7 8,470.9 8,223.3 7,614.0 6,757.5 6,455.9 5,696.1 5,361.8 4,643.5 4,340.7 4,351.4 4,309.3 4,232.5 4,131.7 4,227.9 4,162.7 3,930.8 3,878.6 3,883.3 4,098.4 3,634.3 3,712.1 3,922.5 3,364.7 3,496.1 3,426 3,226.7 3,181.2 2,910.6 2,822.6 2,789.8 2,679.1 3,109.7 2,996.4 2,939.9 2,923.9 2,884.7 1,720.7 1,664.9 1,630.2 1,606.1 1,570.2 1,572.3
Stockholders' Equity
Common Stock 158.7 158.7 158.7 158.7 158.7 158.7 158.7 158.7 105.8 158.7 105.8 105.8 105.8 105.8 105.8 105.8 105.8 105.8 70.5 70.5 70.5 70.5 70.5 70.5 70.5 70.5 70.5 70.5 70.5 70.5 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 47.0 20.9 20.9 20.9 13.9 13.9 13.9 13.0 7.9 7.9 7.9 7.3 7.3 7.3 7.3 7.3 0 0 0 7.3 0 0 0 7.3 0 0 0 4.9 0 0 0 4.9 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 13,825.7 13,344.2 13,306.6 12,829.8 12,652.3 12,265.1 11,909.4 11,669.6 11,455.2 11,040.9 10,800.7 10,624.5 10,296.5 10,161.0 9,805.2 9,602.9 9,582.8 9,015.1 8,920.3 8,682.1 8,556.6 8,348.4 8,057.6 7,927.3 7,877.4 7,932.4 7,971.0 7,826.0 7,721.0 7,558.6 7,505.7 7,423.2 7,322.2 6,956.9 6,880.1 6,735.1 6,703.7 6,596.0 6,519.5 6,375.9 6,282.9 3,994.4 3,894.6 3,785.2 3,572.4 3,484.6 3,073.7 1,153.1 1,049.5 939.9 781.9 691.6 623.7 556.3 535.7 586.7 580.8 574.3 559.5 555.7 552.4 551.4 595.5 599.5 597.2 601.9 608.9 601.8 587 569.2 550 529.5 513.8 490.3 470.9 452.7 437.3 424.3 412.3 402.3 391.7 382.9 375.9 374.4 368 365.7 354.5 343.5 332.8
Accumulated Other Comprehensive Income (601.3) (451.1) (506.2) (572.4) (762.1) (934.3) (603.1) (1,033.6) (1,023.5) (925.8) (1,322.8) (1,181.7) (1,078.9) (1,264.6) (1,385.8) (1,029.6) (649.2) (282.0) (190.9) (122.4) (148.3) (62.2) (170.9) (249.3) (589.5) (257.3) (322.1) (260.8) (365.0) (510.5) (474.9) (395.8) (259.0) 68.5 153.8 133.3 69.5 55.6 (9.8) 57.3 8.1 256.4 191.6 163.2 (25.3) (146.1) 91.5 29.2 135.0 120.0 131.7 97.3 104.6 120.4 57.4 25.9 38.5 19.4 (18.2) (36.1) (38.9) (44.5) 0 0 0 54.7 0 0 0 58.2 0 0 0 31.1 0 0 0 48.5 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 9,739.5 9,700.8 9,798.9 9,294.5 8,914.0 8,395.1 8,426.3 7,773.8 7,784.8 7,455.4 6,915.6 6,887.2 6,944.0 6,748.3 6,346.1 6,514.5 6,864.5 6,653.0 6,648.4 6,578.3 6,414.6 6,310.8 5,995.1 5,801.1 5,493.5 6,074.9 6,056.3 5,976.8 5,760.0 5,437.9 5,437.8 5,426.1 5,451.8 5,411.3 5,430.5 5,286.5 5,179.6 5,047.2 4,925.8 4,902.5 4,751.2 3,682.4 3,646.0 3,596.1 3,290.3 3,074.6 3,516.7 1,813.7 1,811.5 1,682.6 1,525.2 1,397.3 1,335.2 1,110.8 809.5 827.6 833.2 680.9 620.8 604.6 598.3 591.8 657.7 680.2 723.3 861.3 926.6 914.1 963.5 947.3 915.2 885 848.6 879.7 893.3 866.5 885.6 929.8 682.9 669.6 630.8 597.7 605 633.8 642 526.3 508.3 496 489
Total Liabilities & Equity 44,315.6 44,071.1 43,715.2 42,658.1 41,345.8 40,567.3 40,359.3 38,909.9 37,851.1 37,202.0 36,111.3 35,308.7 34,296.1 33,861.1 33,076.8 32,692.4 32,251.0 32,086.4 31,544.3 30,297.9 29,791.3 28,606.9 28,212.4 27,323.3 26,089.9 26,662.1 26,218.5 26,487.9 25,585.3 24,896.0 24,855.6 24,621.1 24,587.8 24,299.9 24,336.1 23,993.5 23,547.4 23,364.8 23,345.7 23,025.9 22,230.9 17,416.9 17,231.9 17,328.6 16,656.5 16,193.3 16,695.8 10,321.4 10,072.3 9,334.7 8,304.3 7,872.6 7,031.3 6,488.7 5,481.3 5,197.2 5,216.9 5,022.1 4,884.9 4,767.8 4,857.4 4,784.8 4,818.1 4,798.6 4,844.4 4,983.4 4,793.4 4,858.2 4,909 4,544.3 4,438.1 4,332.6 4,090.8 4,073.3 3,814 3,699.2 3,685.3 3,618.7 3,867.7 3,736.6 3,636.5 3,582.3 3,551.6 2,354.5 2,306.9 2,156.5 2,114.4 2,066.2 2,061.3
Debt Metrics
Total Debt 2,841.0 2,839.7 2,839.9 2,841.8 2,842.8 2,841.0 2,837.4 2,837.9 2,837.3 2,842.4 2,837.0 2,835.8 2,836.5 2,837.2 2,842.5 2,840.3 2,842.0 3,267.1 3,266.1 2,919.0 3,310.4 2,725.3 3,072.8 2,924.6 2,631.1 2,626.3 2,342.8 2,781.7 2,782.7 2,789.5 2,697.8 2,699.2 2,679.6 2,497.3 2,488 2,487.0 2,487.3 2,488.2 2,489.9 2,535.8 2,261.5 1,585.3 1,588.1 1,595.3 1,272.4 1,271.6 1,363.8 208.3 208.3 852.5 499.4 499.2 561.2 362.9 370.5 370.4 370.3 380.2 380.1 370.0 414.9 429.8 429.7 469.6 469.5 449.9 386.4 386.3 602.7 390.4 598.2 390.3 390.2 390.1 390 390 389.9 319.3 322.2 325.1 328.1 331 330.9 254.9 254.9 254.8 254.8 254.8 254.7
Net Debt 560.1 299.8 435.8 857.3 1,122.6 866.2 1,264.2 1,257.6 1,668.2 1,479.2 1,190.9 1,012.3 1,594.2 1,387.8 1,711.7 1,523.7 727.1 1,698.2 1,197.1 1,128.8 1,295.5 353.0 501.4 493.8 1,666.1 1,602.6 1,530.2 1,523.5 1,845.3 1,971.9 1,878.4 1,788.0 1,723.0 1,546.8 1,714.0 1,698.7 1,878.9 1,692.9 1,616.8 1,587.1 1,424.0 803.8 1,147.0 1,079.8 500.9 445.6 772.5 (1,011.9) (866.6) (578.9) (599.9) (223.7) (32.9) 331.4 366.9 352.0 364.3 379.2 364.1 357.1 397.6 409.7 429.7 469.6 469.5 433.8 386.4 386.3 602.7 368.7 598.2 390.3 390.2 370.8 390 390 389.9 309.1 322.2 325.1 328.1 331 330.9 254.9 254.9 254.8 254.8 254.8 254.7
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 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income 515.2 449.5 511.0 401.3 417.6 576.1 365.6 371.9 442.5 397.3 333.6 356.3 294.1 382.2 228.9 179.3 590.6 294.4 261.3 237.2 229.5 312.1 151.7 71.3 (4.4) 119.3 165.2 216.7 180.7 132.4 161.9 180.1 166.4 154.6 162.1 109.0 123.4 152.8 220.7 109.0 119.5 122.5 134.1 120.9 109.5 115.4 93.2 76.5 95.8 71.7 73.0 40.5 27.4 34.4 (67.4) (47.2) 9.6 20.3 7.1 6.6 4.3 (43.4) (1.4) 5.6 2.5 (3.4) 12.3 22.7 25.7 24.2 25.6 20.7 28.5 25.3 24.1 21.4 19.5 17.2 14.8 15.3 13.6 11.6 6.1 11.1 6.3 13 12.7 12.5 13.4
Depreciation & Amortization (15.5) (15.3) (9.1) (14.0) (9.8) (13.6) (11.9) (64.3) (80.8) (24.2) (3.6) (2.8) 9.7 9.8 8.8 12.6 24.6 28.4 30.7 37.1 33.5 38.9 32.1 39.0 25.1 71.4 (9.3) 23.9 27.4 54.6 20.2 27.3 29.0 34.8 33.5 26.5 18.1 16.9 22.3 16.6 30.2 9.4 15.8 15.0 15.2 13.9 6.6 2.6 5.2 5.8 3.6 4.8 4.8 4.1 4.2 4.2 4.1 6.1 5.4 4.5 5.7 6.3 5.8 5.6 5.9 6.3 4 8.7 3.7 7.1 2.4 1.8 0.6 (0.6) 3.6 2.7 2.9 3.4 4.5 3.3 3.1 4.4 3.7 3.2 3.7 3.7 2.9 3 3.2
Stock-Based Compensation 13.2 0 13.1 15.1 12.4 14.1 13.5 13.9 13.0 13.2 12.7 13.3 11.8 13.2 12.1 12.7 11.4 10.2 13.4 11.3 11.8 11.8 12.1 14.0 11.7 10.8 11.1 12.5 14.8 8.1 8.8 10.3 9.4 8.6 9.4 11.7 10.8 10.1 9.2 9.1 8.8 60.1 60.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 178.3 532.9 (367.2) 360.2 367.2 380.4 870.6 526.8 368.4 342.0 696.6 400.0 153.3 488.6 484.9 143.9 266.9 389.4 606.0 184.2 107.7 332.9 417.7 322.9 (17.2) 115.7 245.9 190.9 (65.5) 108.1 93.1 3.3 (137.3) 65.9 291.7 50.9 0.9 57.7 343.1 81.7 5.5 493.9 (22.7) 492.4 (414.3) 314.4 797.7 (302.9) 50.3 580.0 (467.5) 815.9 380.8 (195.3) 335.8 574.3 (36.6) (170.6) 185.8 3.3 (37.8) (136.9) 216.4 (51.9) (16.5) (250.0) 78 44.4 196 (242.2) 284.8 (112.1) (21.3) (252.9) 221.9 (41.8) (20.4) 17.5 (16.1) (23) (14.1) (332.7) 305 (24.5) (16.6) (1.8) 1.8 (19.2) (4.7)
Other Non-Cash Items (23.4) 45.3 992.0 (58.8) (43.6) (146.9) 3.0 33.0 3.1 (65.4) (0.2) (0.6) (23.6) (33.8) 33.0 179.4 (415.9) (70.5) 6.0 0.4 2.2 0.3 0.7 0.4 0.9 24.4 (0.1) 0.7 0.9 49.3 2.5 0.7 1.2 (57.9) 0.8 0.6 1.2 (124.7) 0.0 (0.1) 0.7 (61.6) 136.1 (200.8) 694.0 (152.3) (490.8) 642.5 165.8 (384.9) 634.4 (558.4) (61.4) 218.1 (240.0) (448.6) 50.4 134.5 (198.6) (27.8) 37.8 195.1 (197) 23.1 36.8 350.0 (125.7) (21.5) (137.4) 379.9 (253.9) 65.2 88.9 229.6 (240.2) 106.7 52.1 23.7 49.9 20.7 25.5 343 (239.4) 24.4 8 9.9 36 21.4 45.5
Operating Cash Flow 667.9 1,012.5 1,139.9 703.8 743.8 810.0 1,240.8 881.3 746.2 698.1 1,077.1 708.7 445.3 795.3 767.6 528.0 477.7 659.6 828.6 384.8 311.0 479.7 557.1 427.3 152.6 348.7 392.4 324.3 78.3 277.7 223.2 139.4 (20.0) 189.0 297 149.4 75.5 121.9 394.2 191.6 140.8 613.1 318.4 423.6 389.9 279.5 389.8 418.7 317.1 272.6 243.5 302.9 351.5 61.2 32.6 82.6 27.5 (9.7) (0.3) (13.4) 10.1 21.1 23.8 (17.6) 21.8 102.8 (31.4) 54.3 94 167.8 58.9 (24.4) 96.7 1.4 9.4 89 54.1 61.8 53.1 16.3 28.1 26.3 75.4 14.2 1.4 24.8 53.4 17.7 57.4
Investing Activities
Capital Expenditure 0 (116.3) (16.9) (20.6) (16.2) (14.0) (13.2) (24.1) (54.3) (11.0) (16.4) (14.2) (11.5) (17.4) (13.2) (12.9) (9.1) (13.1) (5.3) (37.4) (10.9) (7.1) (8.0) (8.4) (14.6) (58.7) 9.0 (7.5) (3.3) (14.3) (5.9) (15.6) (14.1) (41.5) 15.4 (77.3) (12.5) (12.9) (16.7) (8.8) (12.5) (12.5) (8.2) (7.2) (7.7) (8.9) (9.9) (3.8) (9.0) (5.6) (5.7) (15.2) (5.3) (10.4) (9.2) (2.9) (3.9) (7.5) 0 (1.1) (3.3) 0 0 (1.3) (0.2) 0 0 (5.4) (10.2) 0 0 0 (3.4) 0 0 0 0 0 0 0 0 0 0 0 0 (2.6) (1.6) (2.5) (3.3)
Acquisitions 0 0 0 0 0 0 0 0 0 (9.1) (13.7) 94.1 0 62.3 (837.2) 0 857.2 (39.6) 18.2 206.7 55.3 137.7 4.7 (39.8) 77.8 37.5 131.6 (64.0) (53.6) (8.7) 8.7 (6.6) (300.8) (100.4) 0.8 7.3 (71.3) 0.1 237.9 13.1 (54.3) 0 0 0 0 0 5.3 0 0 0 (0.0) 0.0 (2.1) 0 3.2 (2.3) 2.3 (0.3) 0 2.5 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
Purchases of Investments (2,338.5) (1,651.9) (2,615.8) (1,807.5) (2,542.7) (2,212.4) (2,979.9) (2,012.2) (2,371.7) (1,606.2) (2,259.7) (1,150.3) (1,745.6) (269.4) (2,832.7) (2,961.1) (2,314.0) (2,398.7) (2,371.9) (2,223.4) (4,187.3) (1,655.4) (1,927.0) (1,591.9) (2,633.3) (1,606.5) (1,241.4) (1,100.5) (1,577.5) (1,488.8) (1,119.6) (2,025.1) (2,129.9) (1,421.0) (3,381.8) (1,398.4) (1,767.3) (1,336.2) (2,042.7) (1,331.9) (1,033.2) (1,207.0) (1,220.0) (1,718.6) (771.9) (1,091.1) (774.4) (765.1) (428.3) (792.2) (490.1) (432.8) (787.3) (333.2) (281.5) (295.9) (163.5) (135.9) 112.0 (177.1) (643.8) (130.8) (168.2) (169.8) (241.5) (385.6) (251) (188.5) (244.3) (339.6) (233.7) (151.8) (287.9) (336.3) (125) (162.4) (222.1) (228.6) (197.4) (191.7) (167.7) (121.6) (318.9) (174.6) (296.4) (128.3) (146) (191.7) (195.2)
Sales/Maturities of Investments 1,636.3 1,617.9 506.3 1,528.0 1,622.0 2,072.3 1,983.9 1,998.1 1,478.4 1,131.5 1,146.0 1,151.0 1,395.6 197.0 1,989.5 1,699.7 1,857.9 1,631.6 1,675.1 1,933.8 2,795.9 1,342.2 1,348.6 2,485.6 2,635.3 1,446.6 810.7 1,151.8 1,698.2 1,450.8 885.2 2,108.7 2,254.9 1,707.8 3,031.9 1,387.2 1,660.2 1,385.5 1,464.4 1,083.7 839.1 598.4 801.9 944.3 549.4 423.4 541.7 375.2 539.6 441.6 332.8 184.6 326.8 180.7 58.3 48.4 (157.9) 25.3 29.7 (602.4) 690.0 (412.3) 176.3 210.5 173.2 (364.7) 167.1 238.8 256.1 (466.3) 208.8 169.6 208.8 (267.3) 167.8 168.3 150.9 (302.7) 158.4 185.5 118.5 113.2 274.4 159.9 164.2 142.2 166.6 168.9 124.2
Other Investing Activities 113.6 (92.9) 1,498.9 65.9 12.5 67.0 (95.9) (48.9) 42.5 (70.8) (91.6) 117.7 2.1 (313.4) 933.0 (34.2) 126.5 (128.7) 45.0 (86.0) 151.8 (63.1) 60.9 10.0 (34.3) (51.8) 35.6 41.1 (22.0) (126.9) (78.4) (146.3) 58.5 (44.4) 124.0 126.5 (78.9) (29.1) (15.5) (80.0) 155.4 28.4 (43.2) 122.1 (11.1) 36.6 49.1 (105.7) (32.7) 84.0 (19.7) 6.7 2.5 37.3 87.8 228.3 289.9 146.1 (145.7) 745.6 33.6 593.4 22.8 3.1 (15.7) 752.3 (0.8) 31.7 (25.9) 759.7 (6.9) (23.4) 8.8 505.4 (22.4) (20.5) (8.6) 320.4 (7.6) (13.2) (3.3) 29.8 (26.4) 4.5 (30.3) (13.8) (27.8) (21.6) 22
Investing Cash Flow (588.6) (243.1) (627.6) (234.2) (924.4) (87.1) (1,105.1) (87.2) (905.1) (565.4) (1,235.3) 198.2 (359.4) (340.9) (760.5) (1,308.5) 518.6 (948.6) (638.9) (206.4) (1,195.2) (245.8) (520.8) 855.5 30.8 (232.9) (254.6) 20.8 41.8 (187.8) (310.0) (84.9) (131.5) 100.6 (209.8) 45.4 (269.8) 7.4 (372.5) (323.8) (105.5) (592.8) (469.6) (659.5) (241.2) (640.0) (188.3) (499.4) 69.6 (272.2) (182.7) (256.7) (465.3) (125.6) (141.3) (24.5) (33.0) 27.6 (4.0) (32.5) 76.6 50.2 30.9 42.5 (84.2) 1.9 (84.7) 76.6 (24.3) (46.2) (31.8) (5.6) (73.7) (98.1) 20.4 (14.6) (79.8) (210.8) (46.6) (19.4) (52.5) 21.4 (70.9) (10.2) (162.5) (2.5) (8.8) (46.9) (52.3)
Financing Activities
Net Debt Issuance 1.1 (0.3) (1.7) (1.2) 1.6 3.3 (0.7) 0.4 0.0 (0.1) 0.9 (0.9) (0.9) (5.5) 2.0 (1.0) (425.3) 0.7 346.8 (399.6) 581.2 (356.1) 147.7 293.0 4.3 283.0 (448.4) 0 0 91.2 (1.9) 19.0 181.8 8.8 (0.3) 0 (1.5) (3.0) (34.2) 274.1 76.4 247.4 161.8 9.2 1.8 4.3 (51.1) 181.1 (9.7) 140.8 8 0 (8) (8) 0 0 0 0 10 (35) (25) 0 (40) 0 19.5 36.8 26.8 (29.5) 20.2 0 0 0 0 28.2 0 (1.1) 71.7 8.9 (3) (2.9) (3) 0 0 0 0 0 0 0 49.7
Stock Repurchased (302.4) (196.4) (24.6) 0 (49.2) (67.4) (12.5) (223.8) 0 (106.6) (2.9) (292.5) (135.2) (87.6) (6.6) 0 0 0 (92.7) 0 (29.7) (34.5) (13.0) (96.3) (202.6) (18.2) 0 0 0 (18.0) 0 0 (6.8) (19.4) (28.4) 0 0 (32.5) (62.4) 0 (37.4) (0.5) 0 0 0 0 0 0 0 0 0 0 0 0 (1.0) 0 0 0 (7.0) 0 0 (8.8) (4) (4.9) (111.3) (36.7) (15.2) 0 0 0 0 0 (27.5) (77.5) (2.1) 5.3 (27.4) 0.0 0 0 (4.1) (8.5) (13.5) (2.5) (1.9) 0 0 0 0
Dividends Paid (33.7) (411.9) (34.2) (223.8) (30.3) (220.4) (125.8) (157.5) (28.2) (314.5) 0 (28.3) (158.6) (53.0) (159.2) 0 (23.0) (199.6) (134.8) 0 (21.3) (21.3) (21.4) (21.4) (20.1) (178.2) (111.7) (18.3) 0 (158.8) (18.3) (60.9) (17.0) (94.8) (77.6) (15.8) 0 (153.3) (0.0) (15.9) (14.7) (0.0) (12.7) 0 (0.0) (5.9) (5.8) (11.4) (0.0) (10.5) (4.9) (4.4) (4.3) (4.3) (3.8) (3.8) (3.8) (3.3) (3.3) (3.3) (2.7) (3.9) (3.4) (3.4) (5.2) (5.2) (5.2) (5.4) (5.1) (5.0) (5) (5.5) (4.9) (6.5) (5.7) (5.5) (5.3) (4.8) (4.7) (4.8) (4.6) (4.7) (4.6) (4.5) (1.7) (1.8) (1.8) (1.8) (1.6)
Other Financing Activities (4.1) (9.4) (34.7) (6.7) (3.5) (6.0) (14.9) 2.4 (1.5) (2.4) (20.9) 1.4 (1.1) 9.0 (20.4) 1.3 (3.0) (17.2) (21.2) (5.2) (2.0) (37.8) (14.3) (0.6) (0.2) (0.6) (15.2) (4.6) (1.0) (13.5) (2.5) (1.2) (0.5) (2.2) (2.6) 0.0 (1.3) (2.4) (0.5) (4.1) 3.2 (1.0) 0.7 (1.2) (8.7) 1.8 85.0 5.0 (3.9) (3.4) (28.8) (23.0) 27.6 1.5 (15.2) 6.5 (1.6) 7.2 1.4 (10.1) 10.4 (112.3) (9.2) 1.1 7.5 9.7 (8.8) (45.6) (20.6) (44.9) 13.5 7.1 3.9 156.0 0.1 0 0.4 35.2 0.3 0 0.1 0.1 0.1 (4.9) (145) (25.1) 0.7 0.1 0.2
Financing Cash Flow (339.1) (618.1) (95.3) (231.7) (81.4) (290.5) (153.8) (378.4) (29.7) (423.6) (22.8) (320.3) (295.7) (137.1) (184.2) 0.6 (451.3) (216.2) 98.0 (404.2) 528.2 (449.6) 99.0 174.8 (222.0) 86.0 (575.3) (22.9) (1.0) (99.1) (22.7) (43.0) 157.4 (107.7) (108.9) (15.7) (2.8) (191.3) (97.1) 254.1 27.4 251.0 151.6 11.4 (3.4) 3.9 33.8 177.7 (10.4) 128.3 147.2 (26.9) 18.0 (6.9) 199.5 (2.3) (0.1) 3.9 1.1 (48.4) (17.4) (18.1) (56.6) (7.2) (89.5) 4.6 (2.4) (80.5) (5.5) (8.5) (6.9) (4.7) (28.5) 154.7 (7.7) (28.5) 39.4 184.0 (7.4) (7.7) (11.6) (13.1) (18) (11.5) 141.6 (26.9) (1.1) (1.7) 48.3
Cash Position
Net Change in Cash (259.0) 135.9 419.5 264.3 (254.5) 401.5 (7.0) 411.2 (194.1) (282.9) (177.5) 581.2 (207.0) 318.6 (185.9) (798.2) 546.0 (500.2) 278.8 (224.7) (357.5) (199.1) 140.6 1,465.8 (58.7) 211.2 (445.6) 320.7 119.8 (1.8) (91.8) (45.4) 6.1 176.5 (14.4) 180.0 (186.9) (77.8) (75.6) 111.2 73.9 271.3 0.3 (224.5) 145.3 (356.6) 235.3 97.0 376.3 128.7 207.9 19.3 (95.8) (71.3) 90.7 55.9 (5.6) 21.9 (3.2) (94.3) 69.3 65.3 (1.9) 17.7 (151.9) 109.3 (118.5) 50.4 64.2 113.2 20.2 (34.7) (5.5) 57.9 22.1 45.9 13.7 35.0 (0.9) (10.8) (36) 34.6 (13.5) (7.5) (19.5) (4.6) 43.5 (30.9) 53.4
Cash at Beginning 2,539.9 2,404.0 1,984.5 1,720.2 1,974.7 1,573.2 1,580.3 1,169.1 1,363.2 1,646.1 1,823.6 1,242.4 1,449.3 1,130.8 1,316.6 2,114.8 1,568.8 2,069.0 1,790.2 2,014.9 2,372.4 2,571.4 2,430.8 965.0 1,023.7 812.5 1,258.2 937.4 817.6 819.4 911.2 956.6 950.5 774.0 788.4 608.4 795.3 873.1 948.7 837.5 763.6 708.0 707.6 932.1 1,074.9 1,431.5 1,196.2 1,099.2 722.9 594.2 386.3 367.0 462.8 534.1 443.3 387.5 393.0 287.3 290.5 384.8 315.5 250.2 0 0 386.3 0 0 0 439.6 0 0 0 346.5 0 0 0 206.9 0 0 0 219.6 0 0 0 187.6 0 0 0 126.3
Cash at End 2,280.9 2,539.9 2,404.0 1,984.5 1,720.2 1,974.7 1,573.2 1,580.3 1,169.1 1,363.2 1,646.1 1,823.6 1,242.4 1,449.3 1,130.8 1,316.6 2,114.8 1,568.8 2,069.0 1,790.2 2,014.9 2,372.4 2,571.4 2,430.8 965.0 1,023.7 812.5 1,258.2 937.4 817.6 819.4 911.2 956.6 950.5 774.0 788.4 608.4 795.3 873.1 948.7 837.5 979.3 708.0 707.6 1,220.2 1,074.9 1,431.5 1,196.2 1,099.2 722.9 594.2 386.3 367.0 462.8 534.1 443.3 387.5 309.1 287.3 290.5 384.8 315.5 (1.9) 17.7 234.4 109.3 (118.5) 50.4 503.8 113.2 20.2 (34.7) 341 57.9 22.1 45.9 220.6 35.0 (0.9) (10.8) 183.6 34.6 (13.5) (7.5) 168.1 (4.6) 43.5 (30.9) 179.7
Free Cash Flow 667.9 896.2 1,122.9 683.2 727.6 796.1 1,227.6 857.2 691.9 687.1 1,060.7 694.6 433.8 777.9 754.4 515.1 468.6 646.5 823.3 347.4 300.1 472.6 549.1 418.9 137.9 290.1 401.4 316.8 75.0 263.4 217.3 123.8 (34.1) 147.6 312.4 72.1 63.0 108.9 377.5 182.8 128.3 600.5 310.2 416.4 382.2 270.6 379.8 414.9 308.2 267.0 237.7 287.7 346.3 50.8 23.4 79.7 23.6 (17.2) (0.3) (14.4) 6.7 21.1 23.8 (18.9) 21.6 102.8 (31.4) 48.9 83.8 167.8 58.9 (24.4) 93.3 1.4 9.4 89 54.1 61.8 53.1 16.3 28.1 26.3 75.4 14.2 1.4 22.2 51.8 15.2 54.1
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 3,688.7 3,719.1 3,768.2 3,670.8 3,547.4 3,667.6 3,400.4 3,314.0 3,256.8 3,221.4 3,030.6 2,995.9 2,895.0 3,013.8 2,724.4 2,512.9 2,915.4 2,578.2 2,424.3 2,296.1 2,156.9 2,312.5 2,039.8 1,936.0 1,810.6 1,976.1 1,965.7 2,023.4 1,937.0 1,951.6 1,937.9 1,910.9 1,891.2 1,608.8 2,031.3 1,848.0 1,870.4 1,971.6 2,019.7 1,855.9 1,909.0 1,811.1 1,968.0 1,895.4 1,837.3 1,784.4 1,840.6 1,797.0 1,706.9 1,696.7 1,634.1 1,571.0 1,506.8 1,367.6 1,354.0 1,360.2 1,330.5 1,371.0 1,279.7 1,270.9 1,234.4 1,231.3 1,176.1 1,163.1 1,153.5 1,176.2 1,136.3 1,155.1 963.6 1,078.8 1,055.6 1,199.1 1,375.2 1,400.0 1,408.0 1,386.6 1,359.0 1,360.4 1,368.5 1,358.3 1,307.5 1,343.9 1,272.2 1,220.8 1,160.0 1,183.2 1,139.5 1,110.8 1,078.7 995.4 927.0 818.2 566.9 501.6 491.0 449.2 480.1 446.0 431.9 423.3
Gross Profit 1,752.6 765.5 687.1 676.1 785.1 926.0 717.3 698.4 780.0 801.3 626.2 684.1 587.6 742.3 424.5 400.1 895.8 591.3 500.3 483.1 448.0 620.9 359.8 240.8 126.3 326.3 343.5 425.6 382.7 344.3 346.3 348.4 342.4 33.3 369.0 285.8 307.5 9.9 465.7 300.2 447.6 854.0 1,011.8 956.8 905.5 837.3 930.2 905.6 862.6 825.9 814.8 742.4 739.8 566.4 594.6 607.3 631.4 677.9 595.8 596.7 627.3 639.8 578.2 592.6 603.6 633.1 550.3 557.8 353.2 447.2 361.4 519.4 361.3 1,372.0 368.2 357.7 673.9 671.2 636.6 616.2 296.2 1,261.6 229.9 247.9 233.1 1,129.8 189.1 208.6 220.0 436.4 412.8 370.1 230.4 80.7 194.3 177.7 189.3 169.6 166.4 161.6
Operating Income 616.1 606.5 667.3 521.9 538.6 728.3 474.4 487.7 574.1 501.2 419.9 457.2 376.1 478.4 286.3 222.6 732.4 354.6 332.3 299.9 296.1 399.4 206.4 105.4 (6.5) 146.8 203.0 273.7 229.4 162.6 209.2 229.2 211.0 201.4 226.1 161.0 184.3 231.8 331.6 158.3 174.7 156.2 228.9 178.2 168.7 162.7 278.5 263.5 247.6 181.7 198.2 158.7 160.2 232.5 133.7 148.4 187.3 150.0 96.1 109.0 159.2 175.6 121.3 145.8 160.6 185.5 125.8 125.3 (54.3) 23.4 (56.8) 95.4 264.3 261.6 257.7 270.4 267.9 282.4 245.0 234.0 227.2 237.6 167.3 191.6 173.9 171.0 138.9 157.9 170.7 135.3 141.4 112.0 37.2 (104.8) 13.6 13.6 25.4 7.1 6.4 409.0
Net Income 515.2 449.5 511.0 401.3 417.6 576.1 365.6 371.9 442.5 397.3 333.6 356.3 294.1 382.2 228.9 179.3 590.6 294.4 261.3 237.2 229.5 312.1 151.7 71.3 (4.4) 119.3 165.2 216.7 180.7 132.4 161.9 180.1 166.4 154.6 162.1 109.0 123.4 152.8 220.7 109.0 119.5 109.7 152.6 123.0 118.3 110.7 188.5 180.0 169.7 130.4 137.0 116.0 116.6 165.5 100.9 108.8 135.3 117.9 76.4 82.2 115.6 126.9 93.6 110.2 118.6 134.3 97.7 97.4 (20.3) 40.3 (27.9) 80.3 188.4 184.1 180.5 190.6 188.4 198.1 174.3 165.5 161.7 167.4 122.5 134.1 120.9 116.1 97.1 109.5 115.4 93.2 95.8 72.7 27.4 (64.2) 9.6 10.3 16.7 8.0 6.6 4.3
EPS (Diluted) 1.31 1.13 1.28 1.00 1.04 1.44 0.91 0.92 1.09 0.98 0.82 0.87 0.71 0.91 0.55 0.43 1.41 0.71 0.62 0.57 0.55 0.74 0.36 0.17 -0.01 0.27 0.38 0.50 0.42 0.31 0.37 0.41 0.39 0.36 0.37 0.25 0.28 0.35 0.51 0.25 0.28 0.25 0.35 0.28 0.26 0.25 0.42 0.40 0.37 0.28 0.29 0.36 0.37 0.52 0.32 0.34 0.42 0.36 0.24 0.25 0.35 0.37 0.27 0.31 0.33 0.36 0.26 0.26 -0.06 0.11 -0.08 0.20 0.46 0.48 0.41 0.41 0.41 0.43 0.39 0.36 0.36 0.37 0.27 0.30 0.27 0.26 0.22 0.25 0.26 0.21 0.22 0.18 0.07 -0.18 0.03 0.03 0.06 0.02 0.02 0.01
Balance Sheet
Cash & Equivalents 2,280.9 2,539.9 2,404.0 1,984.5 1,720.2 1,974.7 1,573.2 1,580.3 1,169.1 1,363.2 1,646.1 1,823.6 1,242.4 1,449.3 1,130.8 1,316.6 2,114.8 1,568.8 2,069.0 1,790.2 2,014.9 2,372.4 2,571.4 2,430.8 965.0 1,023.7 812.5 1,258.2 937.4 817.6 819.4 911.2 956.6 950.5 774.0 788.4 608.4 795.3 873.1 948.7 837.5 781.5 441.0 515.4 771.5 826.1 591.3 1,220.2 1,074.9 1,431.5 1,099.2 722.9 594.2 31.5 3.5 18.3 5.9 0.9 16.0 12.9 17.3 20.1 27 22 25 16.1 20 17 12 21.7 10 20 26 19.3 10 11 15 10.2 0 0 0 0 0 0 0 0 0 0 0
Total Assets 44,315.6 44,071.1 43,715.2 42,658.1 41,345.8 40,567.3 40,359.3 38,909.9 37,851.1 37,202.0 36,111.3 35,308.7 34,296.1 33,861.1 33,076.8 32,692.4 32,251.0 32,086.4 31,544.3 30,297.9 29,791.3 28,606.9 28,212.4 27,323.3 26,089.9 26,662.1 26,218.5 26,487.9 25,585.3 24,896.0 24,855.6 24,621.1 24,587.8 24,299.9 24,336.1 23,993.5 23,547.4 23,364.8 23,345.7 23,025.9 22,230.9 17,416.9 17,231.9 17,328.6 16,656.5 16,193.3 16,695.8 10,321.4 10,072.3 9,334.7 8,304.3 7,872.6 7,031.3 6,488.7 5,481.3 5,197.2 5,216.9 5,022.1 4,884.9 4,767.8 4,857.4 4,784.8 4,818.1 4,798.6 4,844.4 4,983.4 4,793.4 4,858.2 4,909 4,544.3 4,438.1 4,332.6 4,090.8 4,073.3 3,814 3,699.2 3,685.3 3,618.7 3,867.7 3,736.6 3,636.5 3,582.3 3,551.6 2,354.5 2,306.9 2,156.5 2,114.4 2,066.2 2,061.3
Total Debt 2,841.0 2,839.7 2,839.9 2,841.8 2,842.8 2,841.0 2,837.4 2,837.9 2,837.3 2,842.4 2,837.0 2,835.8 2,836.5 2,837.2 2,842.5 2,840.3 2,842.0 3,267.1 3,266.1 2,919.0 3,310.4 2,725.3 3,072.8 2,924.6 2,631.1 2,626.3 2,342.8 2,781.7 2,782.7 2,789.5 2,697.8 2,699.2 2,679.6 2,497.3 2,488 2,487.0 2,487.3 2,488.2 2,489.9 2,535.8 2,261.5 1,585.3 1,588.1 1,595.3 1,272.4 1,271.6 1,363.8 208.3 208.3 852.5 499.4 499.2 561.2 362.9 370.5 370.4 370.3 380.2 380.1 370.0 414.9 429.8 429.7 469.6 469.5 449.9 386.4 386.3 602.7 390.4 598.2 390.3 390.2 390.1 390 390 389.9 319.3 322.2 325.1 328.1 331 330.9 254.9 254.9 254.8 254.8 254.8 254.7
Stockholders' Equity 9,739.5 9,700.8 9,798.9 9,294.5 8,914.0 8,395.1 8,426.3 7,773.8 7,784.8 7,455.4 6,915.6 6,887.2 6,944.0 6,748.3 6,346.1 6,514.5 6,864.5 6,653.0 6,648.4 6,578.3 6,414.6 6,310.8 5,995.1 5,801.1 5,493.5 6,074.9 6,056.3 5,976.8 5,760.0 5,437.9 5,437.8 5,426.1 5,451.8 5,411.3 5,430.5 5,286.5 5,179.6 5,047.2 4,925.8 4,902.5 4,751.2 3,682.4 3,646.0 3,596.1 3,290.3 3,074.6 3,516.7 1,813.7 1,811.5 1,682.6 1,525.2 1,397.3 1,335.2 1,110.8 809.5 827.6 833.2 680.9 620.8 604.6 598.3 591.8 657.7 680.2 723.3 861.3 926.6 914.1 963.5 947.3 915.2 885 848.6 879.7 893.3 866.5 885.6 929.8 682.9 669.6 630.8 597.7 605 633.8 642 526.3 508.3 496 489
Cash Flow
Operating Cash Flow 667.9 1,012.5 1,139.9 703.8 743.8 810.0 1,240.8 881.3 746.2 698.1 1,077.1 708.7 445.3 795.3 767.6 528.0 477.7 659.6 828.6 384.8 311.0 479.7 557.1 427.3 152.6 348.7 392.4 324.3 78.3 277.7 223.2 139.4 (20.0) 189.0 297 149.4 75.5 121.9 394.2 191.6 140.8 613.1 318.4 423.6 389.9 279.5 389.8 418.7 317.1 272.6 243.5 302.9 351.5 61.2 32.6 82.6 27.5 (9.7) (0.3) (13.4) 10.1 21.1 23.8 (17.6) 21.8 102.8 (31.4) 54.3 94 167.8 58.9 (24.4) 96.7 1.4 9.4 89 54.1 61.8 53.1 16.3 28.1 26.3 75.4 14.2 1.4 24.8 53.4 17.7 57.4
Capital Expenditure 0 (116.3) (16.9) (20.6) (16.2) (14.0) (13.2) (24.1) (54.3) (11.0) (16.4) (14.2) (11.5) (17.4) (13.2) (12.9) (9.1) (13.1) (5.3) (37.4) (10.9) (7.1) (8.0) (8.4) (14.6) (58.7) 9.0 (7.5) (3.3) (14.3) (5.9) (15.6) (14.1) (41.5) 15.4 (77.3) (12.5) (12.9) (16.7) (8.8) (12.5) (12.5) (8.2) (7.2) (7.7) (8.9) (9.9) (3.8) (9.0) (5.6) (5.7) (15.2) (5.3) (10.4) (9.2) (2.9) (3.9) (7.5) 0 (1.1) (3.3) 0 0 (1.3) (0.2) 0 0 (5.4) (10.2) 0 0 0 (3.4) 0 0 0 0 0 0 0 0 0 0 0 0 (2.6) (1.6) (2.5) (3.3)
Free Cash Flow 667.9 896.2 1,122.9 683.2 727.6 796.1 1,227.6 857.2 691.9 687.1 1,060.7 694.6 433.8 777.9 754.4 515.1 468.6 646.5 823.3 347.4 300.1 472.6 549.1 418.9 137.9 290.1 401.4 316.8 75.0 263.4 217.3 123.8 (34.1) 147.6 312.4 72.1 63.0 108.9 377.5 182.8 128.3 600.5 310.2 416.4 382.2 270.6 379.8 414.9 308.2 267.0 237.7 287.7 346.3 50.8 23.4 79.7 23.6 (17.2) (0.3) (14.4) 6.7 21.1 23.8 (18.9) 21.6 102.8 (31.4) 48.9 83.8 167.8 58.9 (24.4) 93.3 1.4 9.4 89 54.1 61.8 53.1 16.3 28.1 26.3 75.4 14.2 1.4 22.2 51.8 15.2 54.1