Yum! Brands, Inc. logo YUM - Yum! Brands, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 19
HOLD 29
SELL 3
STRONG
SELL 0
| PRICE TARGET: $178.13 DETAILS
HIGH: $190.00
LOW: $160.00
MEDIAN: $180.00
CONSENSUS: $178.13
UPSIDE: 21.25%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 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
Revenue
Revenue 2,059 2,514 1,980 1,932 1,787 2,362 1,826 1,763 1,598 2,036 1,708 1,687 1,645 2,019 1,640 1,636 1,547 1,890 1,606 1,602 1,486 1,743 1,448 1,198 1,263 1,694 1,339 1,310 1,254 1,558 1,391 1,368 1,371 1,577 1,436 1,448 1,417 1,886 1,518 1,509 1,443 3,951 3,427 3,105 2,622 3,997 3,354 3,204 2,724 4,179 3,466 2,904 2,535 4,153 3,569 3,168 2,743 4,111 3,274 2,816 2,425 3,562 2,862 2,574 2,345 3,365 2,778 2,476 2,217 3,383 2,835 2,653 2,408 3,262 2,564 2,367 2,223 3,016 2,278 2,182 2,085 2,899 2,243 2,153 2,054 2,785 2,179 2,077 1,970 2,653 1,989 1,936 1,802 2,461 1,915 1,767 1,614 2,202 1,640 1,605 1,506 2,182 1,658 1,656 1,597 2,311 1,812 1,886 1,813 2,526 2,017 2,001 1,921 2,791 2,300
Cost of Revenue 1,139 1,395 1,049 1,027 950 1,313 960 894 798 1,063 848 835 834 1,074 826 840 795 1,017 827 816 758 925 725 649 666 868 660 639 616 811 727 735 757 807 778 802 804 1,077 871 886 856 2,981 2,494 2,295 1,831 3,090 2,504 2,364 1,884 3,081 2,534 2,198 1,796 3,115 2,543 2,339 1,904 3,085 2,360 2,045 1,691 2,632 2,017 1,878 1,679 2,533 2,036 1,853 1,610 2,617 2,124 2,025 1,253 2,506 1,890 1,773 1,140 3,741 1,176 1,119 1,058 2,215 1,698 1,130 1,065 1,484 1,143 1,083 1,011 1,400 1,025 994 922 1,253 967 887 808 1,132 845 735 696 1,000 766 755 732 1,088 850 883 845 1,250 972 965 947 1,591 1,313
Gross Profit 920 1,119 931 905 837 1,049 866 869 800 973 860 852 811 945 814 796 752 873 779 786 728 818 723 549 597 826 679 671 638 747 664 633 614 770 658 646 613 809 647 623 587 970 933 810 791 907 850 840 840 1,098 932 706 739 1,038 1,026 829 839 1,026 914 771 734 930 845 696 666 832 742 623 607 766 711 628 1,155 756 674 594 1,083 (725) 1,102 1,063 1,027 684 545 1,023 989 1,301 1,036 994 959 1,253 964 942 880 1,208 948 880 806 1,070 795 870 810 1,182 892 901 865 1,223 962 1,003 968 1,276 1,045 1,036 974 1,200 987
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 24 0 0 0 0 0 0 0 30 0 0 0 31 0 0 0 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 322 377 282 302 302 351 263 281 286 353 267 291 282 372 261 254 253 372 253 230 206 340 257 259 208 300 208 198 211 264 204 208 219 300 215 247 237 133 270 254 243 528 328 353 295 473 323 352 271 479 327 333 273 560 332 346 272 499 310 308 255 464 285 283 268 512 276 281 255 399 305 336 295 433 294 287 784 (1,052) 282 765 739 407 777 273 247 991 250 743 728 966 692 681 660 916 688 638 587 784 188 597 561 835 595 602 591 850 644 695 671 937 732 758 732 1,548 792
Other Expenses (46) 0 (17) (19) (13) 41 (16) (19) (6) 11 (20) (12) 6 (5) 7 (12) (10) (1) (1) (11) (21) (4) (5) (10) 139 (20) (9) 2 (6) (258) (93) (24) (158) (745) (200) (20) (108) (32) (21) (53) (5) 1 2 86 (10) 477 (23) 9 (2) (2) 255 (17) (21) (27) (9) (16) (104) 20 75 11 48 26 (8) (8) 57 (55) (4) (52) (19) 7 (23) (6) (94) (7) (21) (3) (17) (2) (16) (9) 6 (16) (22) (21) (3) (36) (13) (24) (12) (66) 3 41 3 12 2 1 (7) 42 (15) 58 73 109 82 81 82 121 82 88 95 119 97 97 104 0 0
Operating Expenses 276 377 265 283 289 392 247 262 280 364 247 279 288 367 268 242 243 371 252 219 185 336 252 249 347 280 199 200 205 6 111 184 61 (445) 15 227 129 101 249 201 238 529 330 439 285 950 300 361 269 477 582 316 252 533 323 330 168 519 385 319 303 490 277 275 325 457 272 229 236 406 282 330 201 426 273 284 767 (1,054) 266 756 745 391 755 252 244 955 237 719 716 900 695 722 663 928 690 639 580 826 173 655 634 944 677 683 673 971 726 783 766 1,056 829 855 836 1,548 792
Operating Income
Operating Income 644 738 666 622 548 657 619 607 520 609 613 573 523 578 546 554 509 502 527 567 543 482 471 300 250 546 480 471 433 741 553 449 553 1,215 643 419 484 (84) 398 415 349 441 603 371 506 (43) 550 479 571 571 350 390 487 505 671 473 645 507 488 419 401 440 544 421 364 375 470 394 351 360 411 317 426 330 401 310 316 329 344 307 282 293 308 261 251 346 291 275 243 353 269 220 217 280 258 241 226 244 231 215 176 238 215 218 192 252 236 220 202 220 220 189 139 (348) 195
Interest Expense 128 133 124 123 120 131 120 121 117 132 126 125 130 137 124 148 118 128 126 159 131 132 161 132 118 132 120 119 115 122 111 112 107 118 109 104 109 136 98 51 42 35 32 33 34 40 28 29 33 166 31 32 31 51 36 42 40 55 40 41 48 62 44 45 44 63 45 47 57 82 53 59 59 166 0 0 0 0 0 0 127 0 0 0 0 173 0 0 0 173 0 0 0 176 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (88) (57)
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 13 0 0 0 9 4 4 3 9 8 6 5 8 6 3 3 7 3 4 4 8 6 7 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 700 807 715 692 594 714 666 649 535 645 668 641 530 606 604 572 553 582 616 605 579 530 524 415 240 557 450 524 440 595 677 503 653 1,268 694 481 527 (84) 476 489 423 683 782 558 645 195 731 659 711 832 523 560 617 730 832 635 775 718 653 571 529 654 677 561 486 577 613 527 472 545 556 454 552 522 529 440 432 523 454 436 387 443 436 389 359 492 398 375 338 481 361 314 304 406 344 321 304 355 316 300 249 347 297 299 274 373 318 308 297 339 317 286 243 (367) 203
EBIT 640 740 665 648 549 659 622 608 500 596 631 603 501 564 571 538 516 535 577 566 540 484 477 389 213 529 420 496 414 561 645 469 616 1,210 634 416 457 (84) 399 415 350 441 603 371 506 (43) 550 479 571 584 350 390 487 514 675 477 648 516 496 425 406 448 550 424 367 382 474 398 355 378 417 324 432 342 400 319 320 363 345 325 288 293 325 278 262 346 291 275 243 353 269 220 217 280 258 241 226 244 231 215 176 238 215 218 192 252 236 220 202 220 220 189 139 (524) 81
Income Before Tax 516 607 541 499 429 528 502 487 383 464 505 478 371 427 447 390 398 407 451 407 409 352 316 257 95 397 300 377 299 439 534 357 509 1,092 524 311 347 372 301 364 308 406 571 338 472 (83) 522 450 538 418 319 358 456 463 639 435 608 461 456 384 358 386 506 379 323 319 428 351 298 286 360 263 373 276 363 272 280 280 310 271 247 252 280 231 223 313 262 243 208 303 230 178 175 245 213 208 192 223 195 178 137 211 93 179 201 221 335 298 184 245 217 195 99 (436) 138
Income Tax Expense 84 72 144 125 176 105 120 120 69 1 89 60 71 56 116 166 (1) 77 (77) 16 83 20 33 51 12 (91) 45 88 37 105 80 36 76 656 106 105 67 68 83 98 82 131 145 102 111 36 119 112 139 103 182 82 120 127 161 102 147 104 67 62 91 109 139 90 78 101 88 45 79 82 79 40 117 45 93 58 86 48 80 79 77 52 75 53 70 78 77 65 66 89 66 56 57 73 66 68 68 59 71 62 49 83 34 73 81 76 138 119 78 94 89 83 45 (73) 59
Net Income 432 535 397 374 253 423 382 367 314 463 416 418 300 371 331 224 399 330 528 391 326 332 283 206 83 488 255 289 262 334 454 321 433 436 418 206 280 267 640 336 364 275 421 235 362 (86) 404 334 399 321 152 281 337 337 471 331 458 356 383 316 264 274 357 286 241 216 334 303 218 204 282 224 254 231 270 214 194 232 230 192 170 200 205 178 153 235 185 178 142 214 164 122 117 172 147 140 124 164 124 116 88 128 59 106 120 145 197 179 106 151 128 112 54 (363) 79
Per Share Data
EPS (Basic) 1.56 1.92 1.43 1.34 0.90 1.51 1.36 1.30 1.11 1.65 1.48 1.49 1.07 1.31 1.16 0.78 1.38 1.13 1.78 1.31 1.09 1.10 0.94 0.68 0.28 1.61 0.83 0.94 0.85 1.07 1.43 0.99 1.30 1.29 1.21 0.59 0.78 0.83 1.65 0.82 0.88 0.64 0.97 0.54 0.83 -0.20 0.91 0.75 0.89 0.72 0.34 0.62 0.74 0.74 1.02 0.71 0.99 0.77 0.82 0.67 0.56 0.58 0.76 0.61 0.51 0.46 0.71 0.65 0.47 0.44 0.60 0.47 0.52 0.48 0.52 0.41 0.36 0.44 0.43 0.35 0.31 0.36 0.36 0.31 0.26 0.40 0.32 0.31 0.25 0.37 0.28 0.21 0.20 0.29 0.25 0.24 0.21 0.28 0.21 0.20 0.15 0.22 0.10 0.18 0.20 0.24 0.32 0.29 0.17 0.25 0.21 0.19 0.09 -0.60 0.13
EPS (Diluted) 1.55 1.92 1.41 1.33 0.90 1.49 1.35 1.28 1.10 1.62 1.46 1.46 1.05 1.29 1.15 0.77 1.36 1.11 1.75 1.29 1.07 1.08 0.92 0.67 0.27 1.58 0.81 0.92 0.83 1.04 1.40 0.97 1.27 1.26 1.18 0.58 0.77 0.82 1.62 0.81 0.87 0.63 0.95 0.53 0.81 -0.20 0.89 0.73 0.87 0.72 0.33 0.61 0.72 0.72 1.00 0.69 0.96 0.74 0.80 0.65 0.54 0.56 0.74 0.59 0.50 0.45 0.69 0.63 0.46 0.43 0.58 0.45 0.50 0.46 0.50 0.39 0.35 0.42 0.42 0.34 0.30 0.35 0.35 0.30 0.25 0.39 0.31 0.29 0.24 0.35 0.27 0.20 0.20 0.28 0.24 0.23 0.20 0.28 0.20 0.19 0.15 0.21 0.10 0.18 0.20 0.24 0.31 0.28 0.17 0.24 0.21 0.18 0.09 -0.60 0.13
Shares Outstanding 277 278 278 279 280 280 282 282 282 281 281 281 281 283 285 286 289 293 296 298 301 302 303 303 302 303 306 307 308 313 318 324 332 337 345 350 357 366 388 408 415 433 436 437 438 438.3 443 446 447 443 451 454 455 457 460 465 465 465 469 471 473 473 473 473 474 474 472 470 466 466 470 480 486 486 519.2 522.0 533 532 534.9 548.6 552 552 569.4 574.2 582 582 578.1 583.6 582 582 588 586 586 586 594 594 592.9 578.9 588 587.3 588 588 584 588 596 596 615.6 617.2 614.5 614.5 609.5 605.4 600 608 632
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 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
Current Assets
Cash & Cash Equivalents 689 709 1,045 677 607 616 457 404 652 512 656 437 349 367 410 412 365 486 1,001 552 561 730 1,110 1,243 1,154 605 691 252 278 292 198 313 982 1,522 980 970 525 704 2,885 795 934 737 861 636 675 578 685 597 734 573 753 500 762 776 942 984 1,099 1,198 1,236 955 1,529 1,426 1,274 530 444 353 424 284 289 216 294 325 481 789 507 436 341 319 271 267 134 158 263 113 118 62 387 183 129 192 298 164 175 130 186 169 136 110 184 183 158 133 115 157 102 89 151 166 110 121 145 202 239 268 135
Short-Term Investments 0 0 0 0 0 91 91 116 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 326 234 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 123 74 61 43 89 87 74 54 61 42 25 15 26 26 39 27 39 31 42 35 65 75 77 63 61 58 122 48 165 0 0 0 0 0 0 33 45
Net Receivables 828 841 852 813 761 830 763 733 686 757 647 656 622 680 579 598 565 646 548 525 508 569 522 530 511 623 527 535 543 597 528 527 501 575 358 356 355 414 440 395 418 363 355 350 373 380 373 352 354 408 348 352 368 356 302 323 341 436 281 295 311 256 249 260 303 239 241 278 283 229 251 237 268 225 250 252 278 220 223 223 258 236 227 212 200 192 168 178 204 169 186 204 175 168 163 188 170 190 207 239 256 302 389 422 386 161 170 214 181 155 148 190 151 149 139
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 13 15 31 34 37 255 255 210 40 230 279 276 301 266 282 258 294 300 319 288 313 291 305 291 273 186 173 156 189 149 138 113 122 116 134 124 143 157 139 130 128 96 98 97 93 80 84 84 85 74 77 81 76 72 73 71 67 67 67 70 63 63 77 60 56 54 54 48 47 127 127 137 61 60 68 63 68 66 67 67 73 78
Other Current Assets 513 490 202 188 204 334 314 382 436 340 402 422 575 410 0 185 227 262 304 255 225 265 0 0 0 163 0 0 0 175 0 0 0 285 181 161 148 194 136 102 122 887 225 188 200 109 194 186 225 235 196 196 253 319 221 229 267 250 182 186 176 173 190 196 241 180 138 174 178 191 256 243 224 197 173 166 178 131 249 255 261 258 233 221 223 221 320 336 269 261 216 222 221 232 91 83 83 123 76 177 78 143 117 121 142 127 206 336 312 281 283 264 231 163 506
Total Current Assets 2,030 2,040 2,204 1,826 1,727 1,871 1,625 1,635 1,774 1,609 1,705 1,515 1,546 1,609 1,595 1,429 1,356 1,532 2,062 1,514 1,454 1,689 2,030 2,398 1,991 1,527 1,548 1,122 1,186 1,207 1,169 1,203 1,889 2,507 1,999 1,785 1,277 1,482 4,003 1,879 1,963 1,688 1,919 1,729 1,783 1,646 2,070 1,882 1,809 1,691 1,830 1,605 1,898 1,909 2,079 2,231 2,425 2,321 2,351 1,841 2,436 2,313 2,175 1,464 1,404 1,208 1,206 1,071 1,065 951 1,138 1,156 1,300 1,481 1,165 1,104 1,041 899 1,036 1,003 893 837 967 801 845 747 1,106 921 816 806 900 803 808 730 619 630 581 547 678 728 724 688 809 885 889 486 752 784 666 625 642 723 688 686 903
Non-Current Assets
Property, Plant & Equipment 2,853 2,818 1,422 2,329 2,227 2,185 2,190 2,137 1,945 1,961 1,920 1,915 1,915 1,913 1,848 1,968 1,972 2,016 2,028 2,058 2,055 2,086 2,050 2,059 2,025 1,812 1,151 1,193 1,212 1,237 1,378 1,533 1,651 1,594 1,861 2,021 2,084 2,113 4,010 4,096 4,111 2,347 4,263 4,372 4,374 4,498 4,480 4,425 4,378 4,459 4,257 4,252 4,258 4,250 4,119 4,102 4,041 4,042 3,872 3,907 3,852 3,830 3,770 3,694 3,766 3,899 3,844 3,807 3,670 3,710 3,884 3,875 3,807 3,849 3,600 3,552 3,570 3,631 3,276 3,300 3,295 3,356 3,373 3,371 3,433 3,439 3,317 3,251 3,281 3,280 3,128 3,109 3,065 3,037 2,922 2,824 2,750 2,737 2,665 2,622 2,554 2,540 2,479 2,482 2,528 2,531 2,561 2,695 2,815 2,896 2,952 3,049 3,143 3,261 3,632
Goodwill 971 969 779 792 746 736 735 718 641 642 638 641 639 638 633 649 656 657 650 597 597 597 590 602 596 530 521 526 529 525 489 502 514 512 525 540 539 541 635 649 644 656 674 684 684 700 886 875 881 889 882 1,110 1,026 1,034 1,006 1,010 962 681 672 672 669 659 700 613 623 640 686 760 615 605 656 665 661 672 675 656 660 662 546 540 540 538 0 0 0 0 0 0 0 0 0 0 0 0 301 0 0 0 0 0 0 419 446 475 495 527 568 599 620 651 679 721 747 812 937
Intangible Assets 899 909 462 454 418 416 416 417 370 377 369 369 351 354 341 361 354 359 361 352 354 343 339 344 347 244 243 243 243 242 84 90 105 110 116 147 150 151 258 264 265 271 287 294 299 318 622 615 633 638 644 717 693 690 713 733 811 299 286 407 408 475 440 444 453 462 447 341 332 335 322 328 327 333 336 340 343 347 338 341 327 330 882 890 897 900 910 878 882 878 854 851 849 849 104 403 395 458 474 456 456 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 30 25 42 44 44 44 43 124 137 122 93 116 127 104 122 118 119 37 36 31 0 0 115 137 0 0 0 214 0 0 0 0 0 0 0 0 64 46 36 61 53 39 32 52 58 49 40 53 42 29 31 72 58 42 33 167 158 143 135 154 145 132 124 144 98 23 32 65 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 143 225
Other Non-Current Assets 508 495 1,398 429 434 404 418 426 430 473 460 465 453 466 568 577 572 560 505 524 540 553 540 519 510 534 1,316 1,378 1,372 510 886 787 490 345 304 340 357 376 562 528 500 2,640 547 554 547 560 561 557 563 566 567 571 571 575 528 512 531 775 786 816 507 519 529 529 539 544 549 582 558 561 629 514 510 617 528 513 477 507 705 680 662 493 652 613 623 610 651 633 715 656 773 846 816 784 1,212 1,216 676 602 552 551 568 502 562 469 460 417 372 341 362 359 343 336 328 212 (56)
Total Non-Current Assets 6,183 6,156 4,989 5,090 4,932 4,856 4,836 4,760 4,450 4,622 4,366 4,333 4,203 4,237 4,184 4,361 4,460 4,434 4,357 4,135 4,096 4,163 4,031 4,023 4,094 3,704 3,455 3,552 3,558 2,923 2,986 3,123 2,947 2,804 3,455 3,811 3,886 3,996 6,429 6,305 6,258 6,387 6,401 6,565 6,522 6,699 7,107 6,928 6,896 7,004 6,900 7,159 7,047 7,102 6,895 6,946 6,918 6,513 6,198 6,366 5,990 6,003 5,913 5,681 5,737 5,940 5,915 5,853 5,505 5,576 5,682 5,670 5,613 5,761 5,433 5,326 5,338 5,454 4,865 4,861 4,824 4,861 4,907 4,874 4,953 4,949 4,878 4,762 4,878 4,814 4,755 4,806 4,730 4,670 4,539 4,443 3,821 3,841 3,691 3,629 3,578 3,461 3,487 3,426 3,483 3,475 3,501 3,635 3,797 3,906 3,974 4,106 4,218 4,428 4,962
Total Assets 8,211 8,197 7,193 6,917 6,659 6,727 6,461 6,395 6,224 6,231 6,071 5,848 5,749 5,846 5,779 5,790 5,816 5,966 6,419 5,649 5,550 5,852 6,061 6,421 6,085 5,231 5,003 4,674 4,744 4,130 4,155 4,326 4,836 5,311 5,454 5,596 5,163 5,478 10,432 8,184 8,221 8,075 8,320 8,294 8,305 8,345 9,177 8,810 8,705 8,695 8,730 8,764 8,945 9,011 8,974 9,177 9,343 8,834 8,549 8,207 8,426 8,316 8,088 7,145 7,141 7,148 7,121 6,924 6,570 6,527 6,820 6,826 6,913 7,242 6,598 6,430 6,379 6,353 5,901 5,864 5,717 5,698 5,874 5,675 5,798 5,696 5,984 5,683 5,694 5,620 5,655 5,609 5,538 5,400 5,158 5,073 4,402 4,388 4,369 4,357 4,302 4,149 4,296 4,311 4,372 3,961 4,253 4,419 4,463 4,531 4,616 4,829 4,906 5,114 5,865
Current Liabilities
Account Payables 1,342 1,433 1,217 1,223 1,179 249 1,138 1,098 1,095 231 1,117 1,063 1,128 243 1,156 1,090 1,202 227 1,265 1,142 1,061 215 1,100 908 928 173 768 724 840 202 885 822 924 119 823 929 972 142 2,058 2,016 2,055 181 1,811 1,881 1,790 694 1,771 1,836 1,825 692 1,736 1,739 1,866 684 1,828 1,770 1,752 712 1,751 1,488 1,396 1,602 1,374 1,338 1,363 1,413 1,388 1,343 1,267 508 1,476 1,491 1,468 639 1,400 1,264 1,278 1,386 1,212 1,185 1,208 1,256 1,240 1,214 1,184 1,189 1,176 1,097 1,236 1,213 1,199 1,131 1,110 1,166 1,031 994 919 1,032 961 927 967 978 1,266 1,172 1,127 1,085 1,073 1,123 1,070 476 1,226 1,211 1,156 1,263 1,086
Short-Term Debt 1,741 38 48 971 30 19 24 24 58 45 373 374 398 390 72 72 73 68 64 400 394 453 444 434 447 431 77 325 338 321 295 54 61 375 372 375 393 66 48 39 2,321 923 566 568 266 267 72 70 70 71 15 68 21 10 18 420 458 320 287 19 787 673 833 717 152 59 119 122 130 25 23 29 312 288 291 306 34 227 173 13 223 211 213 222 16 11 375 379 17 10 97 99 123 146 138 168 588 696 214 158 101 90 114 122 205 117 92 88 116 96 109 89 113 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 (1) 0 1 1 661 0 0 0 631 0 0 0 671 0 0 0 712 0 0 0 608 0 0 0 572 0 0 0 553 0 0 0 796 181 161 148 851 136 102 122 1,613 112 84 103 843 73 57 98 841 80 81 120 970 113 104 139 804 106 122 0 112 109 89 0 (243) 0 0 0 512 204 126 180 763 175 125 176 111 202 161 220 156 212 138 178 (87) 217 266 209 238 268 256 211 208 256 286 264 114 233 210 173 148 117 151 163 96 308 217 173 901 285 260 213 319 372
Total Current Liabilities 3,118 1,516 1,301 2,229 1,231 1,269 1,186 1,136 1,188 1,277 1,504 1,487 1,555 1,665 1,244 1,183 1,302 1,415 1,355 1,558 1,479 1,675 1,553 1,475 1,500 1,541 987 1,186 1,327 1,301 1,194 924 1,109 1,512 1,403 1,478 1,558 1,369 2,299 2,279 4,648 3,088 2,642 2,689 2,290 2,411 2,112 2,153 2,150 2,265 1,989 1,990 2,089 2,188 2,057 2,313 2,391 2,450 2,267 1,711 2,288 2,448 2,301 2,213 1,596 1,653 1,534 1,552 1,505 1,722 1,703 1,646 1,960 2,062 1,866 1,695 1,488 1,724 1,587 1,359 1,651 1,605 1,665 1,574 1,378 1,376 1,768 1,742 1,462 1,461 1,564 1,486 1,444 1,520 1,425 1,448 1,771 1,805 1,408 1,295 1,241 1,216 1,497 1,445 1,495 1,298 1,473 1,428 1,359 1,473 1,620 1,560 1,482 1,582 1,458
Non-Current Liabilities
Long-Term Debt 10,213 11,872 11,506 10,351 11,327 11,247 11,169 11,140 11,130 11,100 11,152 11,194 11,349 11,404 11,517 11,540 11,332 11,121 11,189 10,258 10,229 10,207 10,647 11,252 11,059 10,061 10,429 9,869 9,736 9,751 9,405 9,612 9,419 9,429 9,479 9,474 8,715 9,059 9,119 5,324 2,510 3,007 2,651 2,831 3,121 3,077 3,315 3,095 2,949 2,918 2,917 2,918 2,924 2,932 3,003 2,995 3,006 2,997 2,940 3,269 2,918 2,915 2,905 2,518 3,219 3,207 3,258 3,516 3,512 3,564 3,596 3,374 3,372 2,924 2,124 2,088 2,208 2,045 1,932 2,027 1,710 1,649 1,590 1,562 1,708 1,731 1,699 1,669 2,054 2,056 2,046 2,272 2,391 2,299 2,317 2,367 1,547 1,552 2,159 2,342 2,427 2,397 2,388 2,542 2,583 2,391 2,605 3,045 3,333 3,436 3,725 4,134 4,425 4,551 176
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 10 6 7 7 0 0 0 65 0 0 0 0 0
Other Non-Current Liabilities 2,164 2,133 1,890 1,024 1,905 938 1,780 1,749 1,662 913 1,605 1,603 1,619 873 1,560 1,635 1,673 953 1,730 1,726 1,754 973 1,780 1,802 1,755 935 1,622 1,613 1,585 1,004 1,014 1,037 1,062 704 693 746 690 703 844 912 853 998 1,128 1,149 1,131 1,244 1,182 1,236 1,271 1,283 1,564 1,571 1,574 1,549 1,620 1,642 1,667 1,471 1,259 1,339 1,361 1,284 1,239 1,188 1,209 1,174 1,340 1,299 1,377 1,335 1,155 1,224 1,202 1,117 1,186 1,190 1,224 1,147 1,054 1,073 1,026 1,076 1,019 992 1,004 994 1,003 999 986 983 1,042 1,021 1,013 987 883 862 820 927 863 837 847 848 849 826 815 825 791 767 775 720 646 620 601 601 667
Total Non-Current Liabilities 12,377 14,005 13,396 12,368 13,232 13,106 12,949 12,889 12,792 12,812 12,757 12,797 12,968 13,057 13,077 13,175 13,005 12,924 12,919 11,984 11,983 12,068 12,427 13,054 12,814 11,706 12,113 11,482 11,321 10,755 10,419 10,649 10,481 10,133 10,172 10,220 9,405 9,765 9,963 6,236 3,363 4,018 3,779 3,980 4,252 4,330 4,497 4,331 4,220 4,201 4,481 4,489 4,498 4,570 4,578 4,592 4,673 4,468 4,199 4,608 4,279 4,199 4,144 3,706 4,428 4,381 4,598 4,815 4,889 4,913 4,751 4,598 4,574 4,041 3,310 3,278 3,432 3,192 2,986 3,100 2,736 2,644 2,609 2,554 2,712 2,725 2,702 2,668 3,040 3,039 3,088 3,293 3,404 3,286 3,200 3,229 2,367 2,479 3,022 3,179 3,275 3,255 3,247 3,374 3,405 3,223 3,396 3,812 4,108 4,221 4,371 4,754 5,026 5,152 843
Total Liabilities 15,495 15,521 14,697 14,597 14,463 14,375 14,135 14,025 13,980 14,089 14,261 14,284 14,523 14,722 14,321 14,358 14,307 14,339 14,274 13,542 13,462 13,743 13,980 14,529 14,314 13,247 13,100 12,668 12,648 12,056 11,613 11,573 11,590 11,645 11,575 11,698 10,963 11,134 12,262 8,515 8,011 7,106 6,421 6,669 6,542 6,741 6,609 6,484 6,370 6,466 6,470 6,479 6,587 6,758 6,635 6,905 7,064 6,918 6,466 6,319 6,567 6,647 6,445 5,919 6,024 6,034 6,132 6,367 6,394 6,635 6,454 6,244 6,534 6,103 5,176 4,973 4,920 4,916 4,573 4,459 4,387 4,249 4,274 4,128 4,090 4,101 4,470 4,410 4,502 4,500 4,652 4,779 4,848 4,806 4,625 4,677 4,138 4,284 4,430 4,474 4,516 4,471 4,744 4,819 4,900 4,521 4,869 5,240 5,467 5,694 5,991 6,314 6,508 6,734 2,301
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 45 60 33 13 0 0 0 0 0 0 0 0 0 0 23 11 15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 1,930 8 0 0 1,385 7 0 0 1,233 0 0 0 0 0 0 0 18 0 0 0 86 112 87 0 253 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 174 328 628 659 823 783 802 916 1,024 1,008 1,019 1,046 1,095 1,132 1,144 1,097 1,071 1,136 1,139 1,133 1,111 1,106 1,176 1,264 1,366 1,356 1,353 1,305 1,281 1,274 1,273 1,271 0
Retained Earnings (6,971) (7,014) (7,183) (7,361) (7,434) (7,256) (7,389) (7,321) (7,492) (7,616) (7,909) (8,156) (8,403) (8,507) (8,244) (8,274) (8,199) (8,048) (7,524) (7,569) (7,566) (7,480) (7,490) (7,631) (7,695) (7,628) (7,669) (7,614) (7,580) (7,592) (7,141) (6,965) (6,539) (6,063) (5,817) (5,710) (5,433) (5,223) (1,572) (123) 454 1,150 2,079 1,726 1,978 1,737 2,462 2,258 2,248 2,102 2,326 2,324 2,413 2,286 2,450 2,378 2,362 2,052 2,082 1,907 1,960 1,717 1,681 1,325 1,138 996 979 646 521 303 349 504 374 1,119 1,541 1,579 1,613 1,593 1,462 1,548 1,484 1,619 1,573 1,359 1,205 1,067 890 705 556 414 200 36 (86) (203) (375) (522) (662) (786) (950) (1,074) (1,190) (1,278) (1,406) (1,465) (1,570) (1,691) (1,836) (2,033) (2,212) (2,318) (2,469) (2,597) (2,710) (2,763) 0
Accumulated Other Comprehensive Income (312) (311) (322) (319) (371) (392) (285) (309) (309) (302) (314) (293) (371) (369) (298) (294) (292) (325) (331) (324) (346) (411) (452) (488) (549) (388) (428) (380) (324) (334) (317) (282) (215) (271) (304) (392) (367) (433) (324) (266) (300) (239) (248) (157) (271) (190) 36 6 27 64 (132) (101) (120) (132) (253) (243) (225) (247) (89) (102) (177) (227) (237) (263) (249) (224) (279) (340) (416) (418) 8 27 5 20 (119) (122) (154) (156) (134) (143) (154) (170) (147) (140) (125) (131) (199) (215) (166) (210) (221) (214) (243) (249) (187) (214) (218) (207) (182) (179) (163) (177) (153) (149) (134) (133) (146) (288) (290) (300) (374) (324) (330) (256) 7,128
Total Stockholders' Equity (7,283) (7,325) (7,505) (7,680) (7,804) (7,648) (7,674) (7,630) (7,756) (7,858) (8,190) (8,436) (8,774) (8,876) (8,542) (8,568) (8,491) (8,373) (7,855) (7,893) (7,912) (7,891) (7,919) (8,108) (8,229) (8,016) (8,097) (7,994) (7,904) (7,926) (7,458) (7,247) (6,754) (6,334) (6,121) (6,102) (5,800) (5,656) (1,896) (389) 156 911 1,839 1,569 1,707 1,547 2,505 2,264 2,275 2,166 2,194 2,223 2,293 2,154 2,197 2,135 2,142 1,823 1,993 1,805 1,783 1,576 1,556 1,149 1,043 1,025 902 476 168 (108) 366 582 379 1,139 1,422 1,457 1,459 1,437 1,328 1,405 1,330 1,449 1,600 1,547 1,708 1,595 1,514 1,273 1,192 1,120 1,003 830 690 594 533 396 264 104 (61) (117) (214) (322) (448) (508) (528) (560) (616) (821) (1,004) (1,163) (1,375) (1,485) (1,602) (1,620) 3,564
Total Liabilities & Equity 8,211 8,196 7,193 6,917 6,659 6,727 6,461 6,395 6,224 6,231 6,071 5,848 5,749 5,846 5,779 5,790 5,816 5,966 6,419 5,649 5,550 5,852 6,061 6,421 6,085 5,231 5,003 4,674 4,744 4,130 4,155 4,326 4,836 5,311 5,454 5,596 5,163 5,478 10,432 8,184 8,221 8,075 8,320 8,294 8,305 8,345 9,177 8,810 8,705 8,695 8,730 8,764 8,945 9,011 8,974 9,177 9,343 8,834 8,549 8,207 8,426 8,316 8,088 7,145 7,141 7,148 7,121 6,924 6,570 6,527 6,820 6,826 6,913 7,242 6,598 6,430 6,379 6,353 5,901 5,864 5,717 5,698 5,874 5,675 5,798 5,696 5,984 5,683 5,694 5,620 5,655 5,609 5,538 5,400 5,158 5,073 4,402 4,388 4,369 4,357 4,302 4,149 4,296 4,311 4,372 3,961 4,253 4,419 4,463 4,531 4,616 4,829 4,906 5,114 5,865
Debt Metrics
Total Debt 11,954 11,910 11,554 12,315 11,357 12,286 11,193 11,164 11,188 12,031 11,525 11,568 11,747 12,661 11,589 11,612 11,405 12,127 11,253 10,658 10,623 11,645 11,091 11,686 11,506 11,269 10,575 10,194 10,074 10,072 9,700 9,666 9,480 9,804 9,851 9,849 9,108 9,125 9,167 5,363 4,831 3,928 3,217 3,399 3,387 3,344 3,387 3,165 3,019 2,989 2,932 2,986 2,945 2,942 3,021 3,311 3,325 3,317 3,227 3,288 3,705 3,588 3,629 3,235 3,371 3,266 3,377 3,638 3,642 3,589 3,619 3,403 3,684 3,212 2,415 2,394 2,242 2,272 2,105 2,040 1,933 1,860 1,803 1,784 1,724 1,742 2,074 2,048 2,071 2,066 2,143 2,371 2,514 2,445 2,455 2,535 2,135 2,248 2,373 2,500 2,528 2,487 2,502 2,664 2,788 2,508 2,697 3,133 3,449 3,532 3,834 4,223 4,538 4,675 299
Net Debt 11,265 11,201 10,509 11,638 10,750 11,670 10,736 10,760 10,536 11,519 10,869 11,131 11,398 12,294 11,179 11,200 11,040 11,641 10,252 10,106 10,062 10,915 9,981 10,443 10,352 10,664 9,884 9,942 9,796 9,780 9,502 9,353 8,498 8,282 8,871 8,879 8,583 8,400 6,282 4,568 3,897 3,615 2,356 2,763 2,712 2,766 2,702 2,568 2,285 2,416 2,179 2,486 2,183 2,166 2,079 2,327 2,226 2,119 1,991 2,333 2,176 2,162 2,355 2,705 2,927 2,913 2,953 3,354 3,353 3,373 3,325 3,078 3,203 2,423 1,908 1,958 1,901 1,953 1,834 1,773 1,799 1,702 1,540 1,671 1,606 1,680 1,687 1,865 1,942 1,874 1,845 2,207 2,339 2,315 2,269 2,366 1,999 2,138 2,189 2,317 2,370 2,354 2,387 2,507 2,686 2,419 2,546 2,967 3,339 3,411 3,689 4,021 4,299 4,407 164
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 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
Operating Activities
Net Income 432 535 397 375 253 423 382 367 314 463 416 418 300 371 331 224 399 330 528 391 326 332 283 206 83 488 255 289 262 334 454 321 433 436 418 206 280 267 218 266 395 275 426 236 361 (119) 403 338 399 315 137 276 336 336 478 333 461 357 389 316 264 277 367 286 245 218 340 303 218 204 285 227 254 909 270 214 194 232 230 192 170 200 214 187 161 235 185 178 142 214 164 122 117 172 147 140 124 164 124 116 88 128 59 106 120 145 197 179 106 151 128 112 54 (363) 79
Depreciation & Amortization 60 67 50 44 45 55 44 41 35 49 37 38 29 42 33 34 37 47 39 39 39 46 47 26 27 28 30 28 26 34 32 34 37 58 60 65 70 (180) 77 74 136 242 179 187 139 238 181 180 140 248 173 170 130 216 150 141 138 202 157 146 123 206 127 137 119 195 139 129 117 167 139 130 120 (362) 129 121 112 160 109 111 99 150 111 111 97 146 107 100 95 128 92 94 87 126 86 80 78 111 85 85 73 109 82 81 82 121 82 88 95 119 97 97 104 157 122
Stock-Based Compensation 24 16 0 16 21 17 14 15 23 26 22 22 25 20 19 19 26 17 20 17 21 53 15 11 18 14 14 14 17 14 9 10 17 30 10 16 17 38 20 9 13 17 12 13 15 19 11 13 12 17 11 12 9 15 12 12 11 19 14 13 13 10 13 11 13 113 13 19 7 0 10 12 15 17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (90) 13 (66) (19) (15) 20 51 (58) (47) 69 43 (34) (57) 76 61 (92) (121) 73 115 66 (60) 53 168 (37) (19) 128 84 (140) (5) 127 65 (97) (72) 36 (86) (97) 20 (54) 82 (21) 53 (198) 216 13 (3) (87) 50 (48) 54 (8) (4) (30) 27 (88) 158 16 26 (44) 157 (85) 125 (45) 97 41 53 (111) 64 (82) (65) 139 179 (105) (25) 107 164 (55) (4) (89) 101 (48) 4 (74) 138 64 (32) (144) 113 (114) (57) 44 128 (11) (96) (34) 99 49 (30) (53) 99 16 (3) 8 16 (90) (141) (212) 113 40 (168) (132) 49 82 (105) (341) (92)
Other Non-Cash Items (23) 54 (1) 28 92 33 (13) (14) 17 38 (21) (46) 56 1 6 7 (11) (26) (51) (9) (16) 1 (10) (93) 160 (4) 49 (31) 1 (86) (200) (54) (225) (760) (235) (29) (119) (651) (96) (32) 87 33 2 18 45 464 (33) 30 (24) (13) 553 (101) (95) 55 0 (56) (148) (2) 87 13 43 3 112 (30) 36 (159) (7) (147) 25 (138) (65) 1 (54) (210) 33 (27) 50 (25) (2) 13 75 (10) (18) 6 45 (11) (13) 19 8 (9) (8) 44 34 15 1 41 4 26 22 (50) 1 11 6 8 18 31 (101) (147) 12 2 (34) (42) 18 1,001 118
Operating Cash Flow 416 617 543 448 404 513 471 342 363 448 477 329 349 452 453 269 253 414 519 449 324 452 491 124 238 432 422 161 300 380 415 192 189 312 279 151 288 (338) 349 278 659 322 870 419 528 437 528 514 570 586 824 328 401 476 894 440 484 467 780 415 508 471 664 441 392 269 640 198 297 386 522 265 348 398 576 252 341 295 449 261 297 231 402 350 289 340 401 201 189 284 405 235 129 253 337 311 187 198 332 157 145 143 233 133 (18) 111 267 163 24 171 227 236 40 337 242
Investing Activities
Capital Expenditure (75) (135) (94) (71) (71) (106) (52) (50) (49) (106) (57) (60) (62) (121) (61) (55) (42) (92) (54) (39) (45) (61) (32) (32) (35) (87) (33) (32) (44) (87) (62) (43) (42) (90) (78) (74) (76) 546 (106) (106) (160) (331) (238) (177) (227) (378) (247) (236) (172) (350) (227) (235) (237) (421) (272) (222) (184) (387) (223) (157) (173) (306) (163) (164) (163) (292) (165) (199) (143) (399) (236) (222) (113) (351) (174) (124) (93) (291) (137) (114) (72) (247) (152) (116) (94) (262) (162) (118) (103) (305) (137) (109) (112) (299) (188) (160) (113) (276) (157) (109) (94) (259) (127) (118) (68) (203) (115) (86) (72) 0 0 (104) (53) (253) (113)
Acquisitions (5) (673) (79) (81) 15 1 18 (155) 115 (118) 26 147 5 22 10 17 24 85 (43) 23 20 6 216 1 (406) 55 30 11 14 314 193 (153) 205 1,057 395 136 185 181 67 89 9 165 43 7 22 46 26 14 2 41 54 (15) 81 176 55 28 (438) 47 70 34 14 159 (37) 39 42 103 28 25 16 275 70 44 19 0 0 0 34 0 0 0 0 0 0 0 0 38 (33) (1) (4) (11) (8) 0 0 288 (6) (281) (1) (6) 0 (53) (49) 3 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 25 (116) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51 0 0 (51) (14) 14 8 0 88 (88) 0 0 0 0 0 0 82 0 (3) (79) 1 0 0 (1) 0 (62) 0 0 (40) (19) 0 0 0 0 0 0 0 0 0 0 0 (48) (14) (17) 0 (1) (13) (18) 10 (19) (17) (10) 17 9 0 (11) 7 0 0 (7) 0 9 4 (15) (4) (2) 60 (75) 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 1 90 0 0 0 0 121 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (546) 0 0 160 331 238 0 0 378 247 0 0 0 (1) 0 0 421 0 222 184 387 0 0 173 0 163 0 0 292 165 0 0 0 0 0 0 1 0 0 5 0 0 0 0 0 0 0 0 (18) 8 15 9 10 1 0 0 (258) 0 0 11 0 0 1 15 29 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 13 95 19 (32) (25) (30) 23 (21) 0 1 (5) 1 9 3 3 (11) (43) (18) (6) 39 (11) 19 0 2 (2) 1 3 (4) (3) 0 (10) 1 16 (1) 7 (5) 90 99 71 (159) (311) (227) 18 (3) (150) (244) (224) 2 10 (3) (7) 3 (516) 66 (219) 115 (314) (8) (300) (169) 3 (97) 2 5 (285) (158) (54) (1) (129) 90 64 10 174 34 50 12 115 44 30 28 151 44 94 7 137 13 26 5 106 7 20 4 27 73 1 21 120 17 87 3 105 6 170 43 339 256 289 114 95 100 41 119 352 165
Investing Cash Flow (80) (795) (78) (132) 2 (130) (39) (298) 45 (103) (30) 82 (56) (90) (48) (35) (29) (50) (115) (22) 14 (66) 203 (31) (441) (34) (2) (18) (34) 224 131 (206) 164 983 316 69 104 322 (37) (23) (201) (160) (170) (144) (208) (16) (306) (446) (168) (299) (177) (257) (153) (258) (151) (194) (402) (266) (161) (423) (156) (144) (196) (123) (116) (222) (149) (228) (128) (253) (146) (158) (84) (176) (140) (74) (42) (176) (141) (98) (61) (96) (109) (35) (105) (95) (193) (95) (103) (183) (128) (89) (119) (235) (121) (440) (89) (162) (131) (70) (140) (126) (123) 112 (100) 136 141 203 42 95 100 41 66 99 52
Financing Activities
Net Debt Issuance 42 279 161 43 19 133 21 (41) (10) (337) (50) (184) (105) 258 (20) 182 159 (10) 605 10 (112) (375) (626) 170 952 (26) 378 124 (3) 375 50 194 (327) (48) 23 736 (8) (16) (6) 4,518 793 757 (184) 8 50 (58) 219 140 33 (64) (54) 43 8 (14) (253) (12) (3) 51 (5) (304) (4) (34) 363 (33) 17 (25) (275) 9 (41) (30) 196 (220) 429 713 (19) 167 (30) 23 51 100 78 77 21 43 (29) (343) (2) (11) 4 (89) (137) (153) 72 (23) (104) 167 (109) (134) (135) (51) 20 (11) (156) (116) 255 (189) (432) (311) (83) (302) (386) (315) (130) 0 0
Stock Repurchased (185) (178) (36) (109) (229) (114) (277) (50) 0 0 0 0 (50) (486) (157) (214) (343) (734) (327) (244) (286) (239) 0 0 0 (343) (167) (196) (109) (706) (516) (670) (498) (612) (492) (395) (461) (1,750) (2,249) (1,142) (925) (830) (83) (163) (124) (310) (210) (176) (124) (260) (181) (231) (98) (277) (399) (211) (78) (190) (243) (167) (152) (88) (36) (115) (132) 0 0 0 0 (115) (519) 0 (994) (636) (297) (231) (246) (130) (324) (158) (371) (378) (189) (373) (116) (275) 0 (78) (216) (157) (39) 0 0 (67) (93) (60) (8) (2) (77) (11) (10) 0 0 (78) (138) 0 0 0 0 0 0 0 0 59 0
Dividends Paid (207) (197) (197) (197) (198) (187) (188) (188) (189) (170) (169) (170) (169) (160) (162) (162) (165) (146) (147) (149) (150) (141) (142) (142) (141) (126) (128) (128) (129) (113) (113) (116) (120) (101) (104) (105) (106) (185) (180) (187) (192) (198) (177) (177) (178) (179) (163) (163) (164) (164) (150) (150) (151) (151) (131) (131) (131) (131) (116) (116) (118) (117) (98) (98) (99) (99) (88) (88) (87) (88) (88) (71) (75) (77) (77) (79) (40) (40) (41) (31) (32) (32) (33) (29) (29) (29) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (25) (6) (9) (35) (35) (4) 0 (21) (48) (1) (4) (10) (10) (7) (3) (15) (28) 4 (46) (20) (15) (7) (16) (18) (13) (2) (31) (14) (37) (15) (3) (11) (31) (5) (46) (17) (54) 291 (97) 9 81 (2) 1 2 6 3 1 3 18 12 (3) 10 (18) 48 0 3 24 52 9 8 13 53 32 24 24 21 6 96 29 84 12 26 45 22 10 18 11 22 1 17 20 0 0 0 23 0 (29) 0 0 0 0 48 (48) 0 (13) 0 (2) 26 12 0 10 13 4 6 14 (119) 9 0 6 11 3 1 (2) (302) (264)
Financing Cash Flow (375) (102) (81) (298) (443) (172) (444) (300) (247) (508) (223) (364) (334) (395) (342) (209) (377) (886) 85 (403) (563) (762) (784) 10 798 (498) 52 (214) (278) (459) (582) (603) (976) (766) (619) 219 (629) (1,660) (2,378) 3,198 (243) (273) (443) (330) (246) (528) (153) (196) (237) (476) (388) (328) (259) (394) (783) (351) (188) (218) (355) (579) (261) (186) 261 (222) (190) (103) (357) 17 (99) (200) (399) (265) (595) 56 (368) (90) (277) (76) (304) (32) (261) (211) (177) (316) (105) (574) (6) (50) (149) (206) (140) (163) 34 (75) (199) 160 (73) (110) (200) (62) 20 2 (152) (188) 131 (308) (423) (311) (77) (291) (383) (314) (132) (302) (264)
Cash Position
Net Change in Cash (212) (468) 249 (71) (23) 180 4 (255) 154 (151) 216 50 (38) (16) 35 10 (153) (540) 477 32 (222) (351) (73) 138 542 (68) 447 (85) 0 137 (72) (674) (585) 548 (5) 445 (220) (2,073) 2,090 3,449 197 (124) 225 (39) 97 (107) 88 (137) 161 (180) 253 (262) (14) (166) (42) (115) (99) (38) 281 (574) 103 152 744 86 91 (71) 140 (5) 73 (78) (31) (156) (325) 282 71 95 22 48 4 133 (24) (105) 150 (5) 56 (325) 204 54 (63) (106) 134 (11) 45 (56) 17 33 26 (74) 1 25 25 18 (42) 55 13 (62) (423) (311) (77) (24) (57) (314) (29) 133 25
Cash at Beginning 901 1,177 796 748 807 627 623 878 724 875 659 609 647 663 628 618 771 1,311 834 802 1,024 1,375 1,448 1,310 768 836 389 474 474 337 409 1,083 1,668 1,051 1,056 611 831 2,885 795 218 737 861 636 675 578 685 597 734 573 753 500 762 776 942 984 1,099 1,198 1,236 955 1,529 1,426 1,274 530 444 353 424 284 289 216 294 325 481 806 507 436 341 319 271 267 134 158 263 113 118 62 387 183 129 192 298 164 175 130 186 169 136 110 184 183 158 133 115 157 102 89 151 574 0 121 0 0 0 268 135 110
Cash at End 689 709 1,045 677 782 807 627 623 878 724 875 659 609 647 663 628 618 771 1,311 834 802 1,024 1,375 1,448 1,310 768 836 389 474 474 337 409 1,083 1,599 1,051 1,056 611 812 2,885 3,667 934 737 861 636 675 578 685 597 734 573 753 500 762 776 942 984 1,099 1,198 1,236 955 1,529 1,426 1,274 530 444 353 424 284 289 216 294 325 481 789 507 436 341 319 271 267 134 158 263 113 118 62 387 183 129 192 298 164 175 130 186 169 136 110 184 183 158 133 115 157 102 89 151 (311) 44 (24) (57) (314) 239 268 135
Free Cash Flow 341 482 449 377 333 407 419 292 314 342 420 269 287 331 392 214 211 322 465 410 279 391 459 92 203 345 389 129 256 293 353 149 147 222 201 77 212 208 243 172 499 (9) 632 242 301 59 281 278 398 236 597 93 164 55 622 218 300 80 557 258 335 165 501 277 229 (23) 475 (1) 154 (13) 286 43 235 47 402 128 248 4 312 147 225 (16) 250 234 195 78 239 83 86 (21) 268 126 17 (46) 149 151 74 (78) 175 48 51 (116) 106 15 (86) (92) 152 77 (48) 171 227 132 (13) 84 129
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 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 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
Income Statement
Revenue 2,059 2,514 1,980 1,932 1,787 2,362 1,826 1,763 1,598 2,036 1,708 1,687 1,645 2,019 1,640 1,636 1,547 1,890 1,606 1,602 1,486 1,743 1,448 1,198 1,263 1,694 1,339 1,310 1,254 1,558 1,391 1,368 1,371 1,577 1,436 1,448 1,417 1,886 1,518 1,509 1,443 3,951 3,427 3,105 2,622 3,997 3,354 3,204 2,724 4,179 3,466 2,904 2,535 4,153 3,569 3,168 2,743 4,111 3,274 2,816 2,425 3,562 2,862 2,574 2,345 3,365 2,778 2,476 2,217 3,383 2,835 2,653 2,408 3,262 2,564 2,367 2,223 3,016 2,278 2,182 2,085 2,899 2,243 2,153 2,054 2,785 2,179 2,077 1,970 2,653 1,989 1,936 1,802 2,461 1,915 1,767 1,614 2,202 1,640 1,605 1,506 2,182 1,658 1,656 1,597 2,311 1,812 1,886 1,813 2,526 2,017 2,001 1,921 2,791 2,300
Gross Profit 920 1,119 931 905 837 1,049 866 869 800 973 860 852 811 945 814 796 752 873 779 786 728 818 723 549 597 826 679 671 638 747 664 633 614 770 658 646 613 809 647 623 587 970 933 810 791 907 850 840 840 1,098 932 706 739 1,038 1,026 829 839 1,026 914 771 734 930 845 696 666 832 742 623 607 766 711 628 1,155 756 674 594 1,083 (725) 1,102 1,063 1,027 684 545 1,023 989 1,301 1,036 994 959 1,253 964 942 880 1,208 948 880 806 1,070 795 870 810 1,182 892 901 865 1,223 962 1,003 968 1,276 1,045 1,036 974 1,200 987
Operating Income 644 738 666 622 548 657 619 607 520 609 613 573 523 578 546 554 509 502 527 567 543 482 471 300 250 546 480 471 433 741 553 449 553 1,215 643 419 484 (84) 398 415 349 441 603 371 506 (43) 550 479 571 571 350 390 487 505 671 473 645 507 488 419 401 440 544 421 364 375 470 394 351 360 411 317 426 330 401 310 316 329 344 307 282 293 308 261 251 346 291 275 243 353 269 220 217 280 258 241 226 244 231 215 176 238 215 218 192 252 236 220 202 220 220 189 139 (348) 195
Net Income 432 535 397 374 253 423 382 367 314 463 416 418 300 371 331 224 399 330 528 391 326 332 283 206 83 488 255 289 262 334 454 321 433 436 418 206 280 267 640 336 364 275 421 235 362 (86) 404 334 399 321 152 281 337 337 471 331 458 356 383 316 264 274 357 286 241 216 334 303 218 204 282 224 254 231 270 214 194 232 230 192 170 200 205 178 153 235 185 178 142 214 164 122 117 172 147 140 124 164 124 116 88 128 59 106 120 145 197 179 106 151 128 112 54 (363) 79
EPS (Diluted) 1.55 1.92 1.41 1.33 0.90 1.49 1.35 1.28 1.10 1.62 1.46 1.46 1.05 1.29 1.15 0.77 1.36 1.11 1.75 1.29 1.07 1.08 0.92 0.67 0.27 1.58 0.81 0.92 0.83 1.04 1.40 0.97 1.27 1.26 1.18 0.58 0.77 0.82 1.62 0.81 0.87 0.63 0.95 0.53 0.81 -0.20 0.89 0.73 0.87 0.72 0.33 0.61 0.72 0.72 1.00 0.69 0.96 0.74 0.80 0.65 0.54 0.56 0.74 0.59 0.50 0.45 0.69 0.63 0.46 0.43 0.58 0.45 0.50 0.46 0.50 0.39 0.35 0.42 0.42 0.34 0.30 0.35 0.35 0.30 0.25 0.39 0.31 0.29 0.24 0.35 0.27 0.20 0.20 0.28 0.24 0.23 0.20 0.28 0.20 0.19 0.15 0.21 0.10 0.18 0.20 0.24 0.31 0.28 0.17 0.24 0.21 0.18 0.09 -0.60 0.13
Balance Sheet
Cash & Equivalents 689 709 1,045 677 607 616 457 404 652 512 656 437 349 367 410 412 365 486 1,001 552 561 730 1,110 1,243 1,154 605 691 252 278 292 198 313 982 1,522 980 970 525 704 2,885 795 934 737 861 636 675 578 685 597 734 573 753 500 762 776 942 984 1,099 1,198 1,236 955 1,529 1,426 1,274 530 444 353 424 284 289 216 294 325 481 789 507 436 341 319 271 267 134 158 263 113 118 62 387 183 129 192 298 164 175 130 186 169 136 110 184 183 158 133 115 157 102 89 151 166 110 121 145 202 239 268 135
Total Assets 8,211 8,197 7,193 6,917 6,659 6,727 6,461 6,395 6,224 6,231 6,071 5,848 5,749 5,846 5,779 5,790 5,816 5,966 6,419 5,649 5,550 5,852 6,061 6,421 6,085 5,231 5,003 4,674 4,744 4,130 4,155 4,326 4,836 5,311 5,454 5,596 5,163 5,478 10,432 8,184 8,221 8,075 8,320 8,294 8,305 8,345 9,177 8,810 8,705 8,695 8,730 8,764 8,945 9,011 8,974 9,177 9,343 8,834 8,549 8,207 8,426 8,316 8,088 7,145 7,141 7,148 7,121 6,924 6,570 6,527 6,820 6,826 6,913 7,242 6,598 6,430 6,379 6,353 5,901 5,864 5,717 5,698 5,874 5,675 5,798 5,696 5,984 5,683 5,694 5,620 5,655 5,609 5,538 5,400 5,158 5,073 4,402 4,388 4,369 4,357 4,302 4,149 4,296 4,311 4,372 3,961 4,253 4,419 4,463 4,531 4,616 4,829 4,906 5,114 5,865
Total Debt 11,954 11,910 11,554 12,315 11,357 12,286 11,193 11,164 11,188 12,031 11,525 11,568 11,747 12,661 11,589 11,612 11,405 12,127 11,253 10,658 10,623 11,645 11,091 11,686 11,506 11,269 10,575 10,194 10,074 10,072 9,700 9,666 9,480 9,804 9,851 9,849 9,108 9,125 9,167 5,363 4,831 3,928 3,217 3,399 3,387 3,344 3,387 3,165 3,019 2,989 2,932 2,986 2,945 2,942 3,021 3,311 3,325 3,317 3,227 3,288 3,705 3,588 3,629 3,235 3,371 3,266 3,377 3,638 3,642 3,589 3,619 3,403 3,684 3,212 2,415 2,394 2,242 2,272 2,105 2,040 1,933 1,860 1,803 1,784 1,724 1,742 2,074 2,048 2,071 2,066 2,143 2,371 2,514 2,445 2,455 2,535 2,135 2,248 2,373 2,500 2,528 2,487 2,502 2,664 2,788 2,508 2,697 3,133 3,449 3,532 3,834 4,223 4,538 4,675 299
Stockholders' Equity (7,283) (7,325) (7,505) (7,680) (7,804) (7,648) (7,674) (7,630) (7,756) (7,858) (8,190) (8,436) (8,774) (8,876) (8,542) (8,568) (8,491) (8,373) (7,855) (7,893) (7,912) (7,891) (7,919) (8,108) (8,229) (8,016) (8,097) (7,994) (7,904) (7,926) (7,458) (7,247) (6,754) (6,334) (6,121) (6,102) (5,800) (5,656) (1,896) (389) 156 911 1,839 1,569 1,707 1,547 2,505 2,264 2,275 2,166 2,194 2,223 2,293 2,154 2,197 2,135 2,142 1,823 1,993 1,805 1,783 1,576 1,556 1,149 1,043 1,025 902 476 168 (108) 366 582 379 1,139 1,422 1,457 1,459 1,437 1,328 1,405 1,330 1,449 1,600 1,547 1,708 1,595 1,514 1,273 1,192 1,120 1,003 830 690 594 533 396 264 104 (61) (117) (214) (322) (448) (508) (528) (560) (616) (821) (1,004) (1,163) (1,375) (1,485) (1,602) (1,620) 3,564
Cash Flow
Operating Cash Flow 416 617 543 448 404 513 471 342 363 448 477 329 349 452 453 269 253 414 519 449 324 452 491 124 238 432 422 161 300 380 415 192 189 312 279 151 288 (338) 349 278 659 322 870 419 528 437 528 514 570 586 824 328 401 476 894 440 484 467 780 415 508 471 664 441 392 269 640 198 297 386 522 265 348 398 576 252 341 295 449 261 297 231 402 350 289 340 401 201 189 284 405 235 129 253 337 311 187 198 332 157 145 143 233 133 (18) 111 267 163 24 171 227 236 40 337 242
Capital Expenditure (75) (135) (94) (71) (71) (106) (52) (50) (49) (106) (57) (60) (62) (121) (61) (55) (42) (92) (54) (39) (45) (61) (32) (32) (35) (87) (33) (32) (44) (87) (62) (43) (42) (90) (78) (74) (76) 546 (106) (106) (160) (331) (238) (177) (227) (378) (247) (236) (172) (350) (227) (235) (237) (421) (272) (222) (184) (387) (223) (157) (173) (306) (163) (164) (163) (292) (165) (199) (143) (399) (236) (222) (113) (351) (174) (124) (93) (291) (137) (114) (72) (247) (152) (116) (94) (262) (162) (118) (103) (305) (137) (109) (112) (299) (188) (160) (113) (276) (157) (109) (94) (259) (127) (118) (68) (203) (115) (86) (72) 0 0 (104) (53) (253) (113)
Free Cash Flow 341 482 449 377 333 407 419 292 314 342 420 269 287 331 392 214 211 322 465 410 279 391 459 92 203 345 389 129 256 293 353 149 147 222 201 77 212 208 243 172 499 (9) 632 242 301 59 281 278 398 236 597 93 164 55 622 218 300 80 557 258 335 165 501 277 229 (23) 475 (1) 154 (13) 286 43 235 47 402 128 248 4 312 147 225 (16) 250 234 195 78 239 83 86 (21) 268 126 17 (46) 149 151 74 (78) 175 48 51 (116) 106 15 (86) (92) 152 77 (48) 171 227 132 (13) 84 129