Zimmer Biomet Holdings, Inc. logo ZBH - Zimmer Biomet Holdings, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 18
HOLD 21
SELL 3
STRONG
SELL
0
| PRICE TARGET: $96.33 DETAILS
HIGH: $120.00
LOW: $83.00
MEDIAN: $93.00
CONSENSUS: $96.33
UPSIDE: 12.67%
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 2,086.7 2,243.8 2,001.4 2,077.3 1,909.1 2,023.2 1,824.2 1,942 1,889.2 1,940.1 1,753.6 1,869.6 1,831 1,825.1 1,669.8 1,781.8 1,663.2 2,037.9 1,685.4 1,763.3 1,601.4 2,085.3 1,929.3 1,226.1 1,783.8 2,125.7 1,892.4 1,988.6 1,975.5 2,071 1,836.7 2,007.6 2,017.6 2,074.3 1,813.1 1,949.5 1,972.4 2,013.1 1,832.8 1,934 1,904 1,933.6 1,762.2 1,167.6 1,134.4 1,222.9 1,106 1,182.9 1,161.5 1,240.7 1,074.3 1,169.5 1,138.9 1,180.5 1,025.5 1,125 1,140.7 1,167.3 1,031.5 1,137.4 1,115.6 1,134.7 965 1,057.7 1,062.8 1,107.3 975.6 1,019.9 992.6 1,030.2 952.2 1,079.5 1,059.2 1,073.5 903.2 970.6 950.2 933.6 819.8 881.6 860.4 848.3 762.5 846.8 828.5 801.1 700.2 737.4 742.2 701.6 411.1 370.2 345.6 311.6 294.3 286 274.8 251.8 260.9 253.5
Cost of Revenue 576.2 792.4 559.3 592.2 549.8 586.7 538.6 553.6 512.3 538.8 518.6 525.5 500.8 520.3 488.2 511 500 661.5 491.4 496.2 436.3 647.3 569.4 424.5 487.1 582.2 535.7 581.3 553.4 583.4 529 583.7 575.8 591.4 500.9 527.7 512.9 621.8 479.3 640.1 640.6 669.3 552.1 294.3 284.9 312.9 295.9 331.6 303.7 340.8 328.8 323.6 292.9 298.9 255.7 281.9 288.7 303.2 251.9 287.9 279 274.2 219.1 250.6 268.4 274.4 249.3 236.8 230.2 243.1 237.2 262.3 254.7 253.9 199.2 216.4 206.4 207.5 183.2 200 189.4 185.8 174.5 188.8 190.3 189.4 169.1 201.9 219.5 224.1 98.4 93.7 85.2 82.5 82.3 81.1 80.3 72.3 68.5 69.9
Gross Profit 1,510.5 1,451.4 1,442.1 1,485.1 1,359.3 1,436.5 1,285.6 1,388.4 1,376.9 1,401.3 1,235 1,344.1 1,330.2 1,304.8 1,181.6 1,270.8 1,163.2 1,376.4 1,194 1,267.1 1,165.1 1,438 1,359.9 801.6 1,296.7 1,543.5 1,356.7 1,407.3 1,422.1 1,487.6 1,307.7 1,423.9 1,441.8 1,482.9 1,312.2 1,421.8 1,459.5 1,391.3 1,353.5 1,293.9 1,263.4 1,264.3 1,210.1 873.3 849.5 910 810.1 851.3 857.8 899.9 745.5 845.9 846 881.6 769.8 843.1 852 864.1 779.6 849.5 836.6 860.5 745.9 807.1 794.4 832.9 726.3 783.1 762.4 787.1 715 817.2 804.5 819.6 704 754.2 743.8 726.1 636.6 681.6 671 662.5 588 658 638.2 611.7 531.1 535.5 522.7 477.5 312.7 276.5 260.4 229.1 212 204.9 194.5 179.5 192.4 183.6
Operating Expenses
R&D Expenses 103.4 118.8 115.9 113.3 110.6 108.5 111.6 109.4 107.9 113.3 116.9 118.1 110.4 108 101.7 99.4 96.9 113.4 93.8 165 81 100 85.9 87.7 98.4 121.1 114.4 112.1 101.7 101.2 95.7 99.1 95.7 95 91.2 92.6 91.1 95.7 95.6 88.6 85.7 85.9 83.3 51.3 48.3 51.1 45.9 48 47.4 47.2 49.4 54.9 53.5 55.3 53.5 57.2 59.6 65 61 56.9 55.6 56.9 57.3 54.2 50.5 51.6 52.2 49.9 51.9 47.2 47.9 48.3 47.8 50.8 53 53.5 52.3 45.6 46.7 48.6 47.4 45.9 43.9 43.6 42.1 47.3 41.4 38.2 39.8 37.3 22.7 21.8 19.2 17.9 17.4 18 15.7 12.8 11.5 12
SG&A Expenses 849.9 867.1 811.4 814.8 758.8 746.9 709.7 737.1 736.2 722.3 674.9 725.8 715.9 727.1 654.9 695.2 684.5 934 684.4 696.8 657 893.9 790 665 828.9 877 826.4 838.8 796.4 998.6 787.7 791.3 801.7 878.7 711.7 752.2 848.8 1,106.8 831.4 806.8 716.9 1,099.9 692.3 444.2 424.1 686.4 422.8 436.1 444.5 610.1 438 458 460.8 565.7 430 453.3 463.3 569.7 444 520 458.3 461.1 412 513.3 447.2 460.2 447.9 432.3 423.7 504.6 451.2 448 417.8 401.2 352.6 374.3 361.6 345.6 330.4 344.8 334.9 313.7 295.8 328.5 321.6 308.7 286.2 297.3 297.8 287.1 155.3 143.6 137.8 139.2 125.7 130.3 106.4 101.8 109 112.8
Other Expenses 184 177.7 163.5 257 197.6 192.1 184.8 190.6 266.9 211.5 176.6 170.6 176.6 498 179.7 195.3 183.4 249.9 172.8 180.5 168.4 203.4 184.8 220.6 825.4 208.6 170.1 251.7 173.8 1,178.3 201 237.5 239.4 547.1 298.1 296.9 171.5 5.5 231 196.9 215.3 (135) 318.5 509.9 107.2 (53.3) 86.2 106.3 65.8 (72.7) 46.4 122.6 33.5 60.1 36.9 30.7 33.5 28.2 8 13.5 25.5 219.6 5 11.5 2.6 82.6 22.2 4.4 7 (4.4) 5.6 12.5 7.3 15.7 172.4 3.9 2.7 (3.4) 5 6.3 (1.8) 21.9 7.7 10.1 16.9 14.1 11.5 24.2 31.3 87.6 0 0 0 0 0 0 0 0 0 0
Operating Expenses 1,137.3 1,163.6 1,090.8 1,185.1 1,067 1,047.5 1,006.1 1,037.1 1,111 1,047.1 968.4 1,014.5 1,002.9 1,333.1 936.3 989.9 964.8 1,297.3 951 1,042.3 906.4 1,197.3 1,060.7 973.3 1,752.7 1,206.7 1,110.9 1,202.6 1,071.9 2,278.1 1,084.4 1,127.9 1,136.8 1,520.8 1,101 1,141.7 1,111.4 1,208 1,158 1,092.3 1,017.9 1,050.8 1,094.1 1,005.4 579.6 684.2 554.9 590.4 557.7 584.6 533.8 635.5 547.8 681.1 520.4 541.2 556.4 662.9 513 590.4 539.4 737.6 474.3 579 500.3 594.4 522.3 486.6 482.6 547.4 504.7 508.8 472.9 467.7 578 431.7 416.6 387.8 382.1 399.7 380.5 381.5 347.4 382.2 380.6 370.1 339.1 359.7 368.9 412 178 165.4 157 157.1 143.1 148.3 122.1 114.6 120.5 124.8
Operating Income
Operating Income 373.2 287.8 351.3 300 292.3 389 279.5 351.3 265.9 354.2 266.6 329.6 327.3 (28.3) 245.3 280.9 198.4 79.1 243 224.8 258.7 240.7 299.2 (171.7) (456) 336.8 245.8 204.7 350.2 (790.5) 223.3 296 305 (37.9) 211.2 280.1 348.1 183.3 195.5 201.6 245.5 213.5 116 (132.1) 269.9 225.8 255.2 260.9 300.1 315.3 211.7 210.4 298.2 200.5 249.4 301.9 295.6 201.2 266.6 259.1 297.2 122.9 271.6 228.1 294.1 238.5 204 296.5 279.8 239.7 210.3 308.4 331.6 351.9 126 322.5 327.2 338.3 254.5 281.9 290.5 281 240.6 275.8 257.6 241.6 192 175.8 153.8 65.5 134.7 111.1 103.4 72 68.9 56.6 72.4 64.9 71.9 58.8
Interest Expense 68.8 71.9 75.4 79.3 66.2 61.9 54.3 51.1 50.7 50.3 51.1 51.6 48.2 42.6 42.3 38.8 41.1 48.8 52.6 54.7 52.3 53.1 54 54 50.9 52.4 56.8 59.7 58 66.2 67.5 75.3 78 80 82.3 82.3 82.9 90.1 91.5 88.1 88.2 90 90.8 82.7 23.1 16 16.3 15.8 15 16.5 17.1 18.3 18.2 18.9 18.3 18.1 17.6 77.7 13 13.1 13 13.4 0 0 0 0 4.2 4 3.7 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
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 1 0 0 0 0.8 0.6 0.3 0.5 0.2 0.6 0.8 1.3 2 2.3 2.5 2.6 3.5 3 2.9 2.5 4.2 3.8 3.9 3.7 4.9 3.8 3.8 3.1 0 0 0 0 0 14.2 14.3 14.6 2.7 0 0 0 0 28.2 6.8 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
Profitability
EBITDA 538.3 453.9 638.2 575.7 549.6 614.5 535.5 596.5 504.4 576 511.5 565.9 566.8 196.3 451.3 471 376.1 177.2 476.3 468.6 502.1 514.1 568.4 87.8 (200) 595.5 492.9 453 597.4 (544.9) 481.7 554.7 564.9 220.3 476 542.8 615.7 372.9 483.1 450.9 489.9 507.5 362.1 (56.3) 338.9 302.8 337 343.5 401.9 409.6 307.4 305.7 387 295.6 335.9 399.1 395.5 258.6 358.8 351 385.3 433.2 360.3 320.5 381.6 408.9 314.4 382.7 366.4 361.9 282.7 388.3 400.7 430 187.1 382.4 383.3 387.5 310.8 335.5 334.9 352.6 293.9 331.2 319.6 302.4 250.8 245.6 226.8 193.7 156.5 117.7 110.2 77.2 68.9 62.7 78.7 70.4 71.9 64.8
EBIT 376.2 169.9 354.6 303.9 295.2 350.9 284.6 353.3 265.8 334.8 270.3 328.4 335 (32.2) 219.9 238.3 142.3 (89.9) 243.3 232.8 266.4 248.7 309.8 (167.9) (453) 341.6 241.4 200 349.7 (799.7) 221.1 293.1 301.4 (44.2) 209.5 278.7 348.1 120.9 195 198.6 243 223.2 122.6 (155.9) 249.9 210.2 246.1 252.2 300.9 319.5 215.5 214.3 301.9 205.4 253.2 305.7 298.7 164.3 267.9 262.4 299.2 342.5 276.6 239.6 296.7 321.1 226.2 300.9 286.8 282.8 215.9 320.9 338.9 367.6 128.9 326.4 329.9 334.9 259.5 288.2 288.7 302.9 248.3 285.9 274.5 255.7 203.5 200 185.1 153.1 134.7 111.1 103.4 72 68.9 56.6 72.4 64.9 71.9 58.8
Income Before Tax 301.3 98 279.2 224.6 229 289 230.3 302.2 215.1 284.5 219.2 276.8 286.8 (74.8) 177.6 199.5 101.2 (138.7) 190.7 178.1 214.1 195.6 255.8 (221.9) (503.9) 289.2 184.6 140.3 291.7 (865.9) 153.6 217.8 223.4 (124.2) 127.2 196.4 265.2 30.8 103.5 110.5 154.8 133.2 31.8 (238.6) 226.8 194.2 229.8 236.4 285.9 303 198.4 196 283.7 186.5 234.9 287.6 281.1 188.5 254.9 249.3 286.2 109.5 257.4 213.8 279.5 229.8 199.8 292.5 276.1 235.5 238.5 315.2 332.6 353 127.8 323.8 327 339.8 255.1 283.1 291 280.2 238.5 271.6 250.4 235.7 184.3 167.5 144 55.3 133.8 109 100.1 67.6 68.9 56.6 72.4 64.9 71.9 58.8
Income Tax Expense 63 (39.9) 48 71.2 46.5 48.9 (18.9) 59.1 42.3 (135.2) 56.4 66.9 54.1 55.4 (16.6) 45.5 28 (54.8) 28.3 33.3 21.1 (138.2) 9.7 (13.7) 5.2 (32.2) (247.4) 8.4 45.5 36.6 (8.5) 32.9 47.2 (1,355.4) 28.4 12.3 (34.1) (38.9) (54.4) 142.2 46.1 6.5 9.6 (64.8) 55.7 37.7 56.9 60.3 64.8 67.6 44.3 44.3 65.7 34.2 57.2 73.6 72.2 32.4 63.7 45.5 77.3 74.6 66.3 48.3 74.1 74.6 49.9 82.4 73.9 67.9 23.5 87.8 93.1 89 83.4 92.2 93.3 95 71.9 82 85.1 80.3 69.7 80.7 76.6 35.4 56.4 51.4 46.4 18.8 44.8 36.8 34.2 24.4 25.7 20.6 24.7 22.3 25 20
Net Income 238.1 139.5 230.9 152.8 182 239.5 249.1 242.8 172.4 419.2 162.7 209.6 232.5 (130.5) 194 153.7 14.2 (84) 145.6 141.9 198.1 333.7 242.5 (206.6) (508.5) 320.7 431.1 133.7 246.1 (901.1) 162.2 185 174.7 1,231.4 98.8 184.2 299.4 69.6 158.8 (31.3) 108.8 127 22.2 (173.6) 171.4 156.6 173.1 176.5 221.5 235.9 154.4 152.1 218.6 152.8 178.1 214.5 209.6 156.6 191.5 203.8 208.9 34.9 191.1 165.5 205.4 155.2 149.9 210.1 202.2 167.5 214.7 227.1 239.3 263.8 44.5 231.5 233.4 244.7 183.3 200.9 205.6 199.6 168.6 190.7 173.6 200 127.9 116.3 97.6 37 89 72.2 65.9 43.2 43.2 36 47.7 42.6 46.9 38.8
Per Share Data
EPS (Basic) 1.22 0.71 1.17 0.77 0.92 1.20 1.23 1.18 0.84 2.01 0.78 1.00 1.11 -0.62 0.92 0.73 0.07 -0.40 0.70 0.68 0.95 1.61 1.17 -1.00 -2.46 1.56 2.10 0.65 1.20 -4.41 0.80 0.91 0.86 6.21 0.49 0.91 1.49 0.33 0.79 -0.16 0.53 0.63 0.11 -0.91 1.04 0.92 0.98 1.05 1.31 1.38 0.91 0.90 1.30 0.91 1.02 1.22 1.18 0.88 1.02 1.06 1.08 0.18 0.96 0.82 1.01 0.76 0.70 0.98 0.91 0.76 0.96 0.99 1.03 1.13 0.19 0.98 0.99 1.03 0.76 0.82 0.83 0.81 0.68 0.77 0.71 0.81 0.52 0.48 0.40 0.15 0.45 0.37 0.34 0.22 0.22 0.19 0.25 0.22 0.24 0.20
EPS (Diluted) 1.22 0.70 1.16 0.77 0.91 1.20 1.23 1.18 0.84 2.01 0.77 1.00 1.11 -0.62 0.92 0.73 0.07 -0.40 0.69 0.67 0.94 1.59 1.16 -1.00 -2.46 1.54 2.08 0.65 1.20 -4.38 0.79 0.90 0.85 6.16 0.48 0.90 1.47 0.33 0.78 -0.16 0.52 0.63 0.11 -0.91 1.02 0.91 0.96 1.03 1.29 1.36 0.90 0.89 1.28 0.90 1.02 1.22 1.17 0.88 1.01 1.06 1.08 0.18 0.96 0.82 1.01 0.76 0.70 0.97 0.91 0.75 0.95 0.99 1.02 1.13 0.19 0.97 0.98 1.02 0.76 0.81 0.82 0.80 0.67 0.76 0.70 0.80 0.52 0.47 0.40 0.15 0.45 0.36 0.34 0.22 0.22 0.19 0.25 0.22 0.24 0.20
Shares Outstanding 195 197.2 198.1 197.9 198.9 199.1 202.3 205.7 205.2 207.9 208.9 208.6 209.4 209.8 209.8 209.6 209.2 208.9 208.8 208.6 208 207.4 207.1 206.6 206.5 205.8 205.3 204.8 204.4 204.4 203.7 203.3 203 202.5 202.3 201.8 201.1 200.4 200.1 195.6 200.1 200.1 203.5 173 170 170 169 168.4 169.1 170.7 170 168.8 168.7 168.7 174.1 175.2 177.4 177.4 187.7 191.5 192.6 192.6 198.7 201.9 203 203 213.6 214.7 221.5 221.5 224.7 228.4 232.5 232.5 234.9 236.9 236.9 236.9 240.4 245.5 247.8 247.8 247.4 247 246.1 246.1 245 244.3 242.9 242.9 196.5 195.7 194.3 194 193.6 193.6 194.1 193.6 193.6 193.8
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
Current Assets
Cash & Cash Equivalents 424.2 591.9 1,292.7 556.9 1,384.5 525.5 569 420.1 393 415.8 292.1 319.8 330.2 375.7 545.4 386.4 435.8 378.1 919.6 1,042.4 724.3 802.1 967.3 713.4 2,433.6 617.9 512.5 403.1 586.8 542.8 524.6 481.2 1,765.4 524.4 480.8 450 1,039.5 634.1 475.3 976.3 996.8 953.7 821.2 691.7 277.5 212.8 313 76.9 108.7 77.5 115 33.4 15.7 20.8 23.4 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13.4 0 13.4 33 50.2 66.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,728.6 1,704.4 1,598.3 1,611.3 1,533.4 1,480.7 1,481.5 1,418 1,446.4 1,442.4 1,340.7 1,367.3 1,380.9 1,381.5 1,278.5 1,282.1 1,254.2 1,259.6 1,392 1,420.4 1,380.2 1,452.7 1,340.7 1,064.5 1,039.1 1,363.9 1,150.8 1,247.1 1,225.3 1,275.8 1,262.7 1,335.3 1,418.5 1,544.1 1,318.5 1,423 1,600.1 1,604.4 1,603.6 1,593.3 1,568.2 765.1 767.1 751.4 768.7 725.6 652.1 531.1 526.5 486.4 259.1 237.4 214.8 204.7 191.1 196.9 196 188.7
Inventory 2,246.8 2,286.4 2,483.7 2,454.2 2,244.2 2,235.3 2,368.7 2,369.9 2,388.2 2,385.2 2,323.3 2,275.8 2,241.3 2,147.2 2,128.6 2,122.7 2,132.1 2,148 2,517.4 2,533 2,511.7 2,450.7 2,492.2 2,496.5 2,463.2 2,385 2,362.3 2,344.5 2,310.2 2,256.5 2,219.5 2,158.5 2,125.9 2,068.3 2,084.2 2,023.9 1,977 1,969.3 2,070 1,962.1 2,082.9 885.8 896.5 913.2 980.9 947 732.2 504 503.8 527.7 280.8 265.9 257.6 253.2 187.6 168.7 160 152.3
Other Current Assets 562.9 537.2 460.2 431.5 428.1 430 444.8 431.4 403.9 366.1 415.9 425 459.5 324.5 0 0 0 772.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 217.6 220.8 209.9 219.8 206.9 148.1 183.5 183.7 203.6 66.8 20.5 52.6 50.3 44.4 37.8 81 37
Total Current Assets 4,962.5 5,119.9 5,834.9 5,053.9 5,590.2 4,671.5 4,864 4,639.4 4,631.5 4,609.5 4,372 4,387.9 4,411.9 4,427.3 4,534.4 4,462.9 4,516.8 4,885 5,312.4 5,356.8 5,000.1 5,083.3 5,152.6 4,706.8 6,370.9 4,723.9 4,401.5 4,391.2 4,499.2 4,427.4 4,513.3 4,475.2 5,775.3 4,564.8 4,433.3 4,424.1 5,079.9 4,673.5 4,698.1 5,050.6 5,082 2,982.8 2,873.8 2,738 2,328.7 2,195.7 1,899.9 1,328.1 1,361.5 1,338.7 754.8 574.7 612.4 612.5 501.3 452.1 437 419.4
Non-Current Assets
Property, Plant & Equipment 2,211.7 2,207.1 2,194.3 2,175.7 2,064.9 2,048.8 2,107.2 2,103 2,090.9 2,060.4 2,032.2 1,975 1,906.4 1,872.5 1,801.6 1,796.6 1,825.9 1,836.6 2,008.2 2,005.2 2,021.9 2,047.7 2,042.5 2,056.5 2,065.5 2,077.4 2,055.3 2,035.8 2,014 2,015.4 2,002.4 1,986.9 2,031.3 2,038.6 2,048.6 2,057.4 2,053.2 2,037.9 2,080.8 2,033.8 2,039 1,170.6 1,190.5 1,221.7 1,254.4 1,257.2 914 561 547 525.2 319.9 311 157.8 154.9 138.3 131.5 122 118.5
Goodwill 9,931.8 9,947.1 9,702 9,709.5 8,988.6 8,951.1 8,912.3 8,824.5 8,791.5 8,818.5 8,710.4 8,743.7 8,734.9 8,580.2 8,798.8 8,868.9 8,895.9 8,919.4 9,212 9,247.6 9,233.2 9,261.8 9,038.8 8,982.4 8,951.2 9,599.7 9,544.9 9,593.7 9,570 9,594.4 10,583.6 10,595.9 10,729.1 10,668.4 10,904.9 10,859.5 10,685.1 10,643.9 10,770.1 9,958 10,142.9 2,637.6 2,712.3 2,783.5 2,814.6 2,754.1 2,558.9 0 0 0 11.9 0 0 0 0 0 0 0
Intangible Assets 4,547.6 4,717.3 4,739.7 4,890.8 4,468 4,598.4 4,665.3 4,707.4 4,734.1 4,856.4 4,891.7 5,027.7 5,071.7 5,063.8 5,136.5 5,304.4 5,391.5 5,533.6 6,470.3 6,642.7 6,801.2 7,055.5 6,850.6 6,937.4 7,077.7 7,257.6 7,339.9 7,524.2 7,522.5 7,684.6 7,837.4 7,996.6 8,235.7 8,353.4 8,464.9 8,544 8,650.6 8,785.4 9,001.1 8,377.9 8,474.2 818.5 834 858 874.6 857.8 739.8 3,207.7 3,010.8 3,052.3 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 75.3 32.2 90.1 73.2 64.4 99.1 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 0 0 0 0 0 0
Other Non-Current Assets 1,068 1,100.3 941.8 1,003 982 1,022.3 1,107.2 1,146.6 1,139.4 1,120.5 1,167.6 1,159.7 1,105.7 1,105.6 1,001.9 967.9 961.2 2,254.2 988.1 952.1 944.6 965.7 918.8 964.5 1,047.6 909.8 973.6 616.5 616.4 366.2 388.9 391.1 390.2 379.5 466.7 458.9 519 553.6 486.4 582.1 559.2 217.8 211.4 184.3 189.8 167.1 254.6 55.7 78.8 78.6 21.5 18.5 18.6 19.8 21.7 60.8 60 19.5
Total Non-Current Assets 17,759.1 17,971.8 17,653.1 17,811.2 16,593.6 16,693.8 16,856.4 16,880.6 16,820.9 16,887.4 16,845.3 16,906.4 16,831.6 16,638.7 16,798.9 16,989.8 17,100.7 18,571.4 18,696.2 18,866.4 19,026.5 19,334.4 18,872.9 18,940.8 19,142 19,914.8 19,913.7 19,814.5 19,789.8 19,699.4 20,868.7 21,015.6 21,405.9 21,449.2 21,984.2 22,029.1 21,907.9 22,020.8 22,338.4 20,992.5 21,215.3 4,844.5 4,948.2 5,047.5 5,133.4 5,036.2 4,467.3 3,979.2 3,828.5 3,817.3 388 404.1 246.5 250.9 236.8 192.3 182 178
Total Assets 22,721.6 23,091.7 23,488 22,865.1 22,183.9 21,365.3 21,720.3 21,520 21,452.4 21,496.9 21,217.3 21,294.3 21,243.5 21,066 21,333.3 21,452.7 21,617.5 23,456.4 24,008.6 24,223.2 24,026.6 24,417.7 24,025.5 23,647.6 25,512.9 24,638.7 24,315.2 24,205.7 24,289 24,126.8 25,382 25,490.8 27,181.2 26,014 26,417.5 26,494.2 26,987.8 26,684.4 27,036.5 26,043.1 26,297.3 7,827.3 7,822 7,785.5 7,462.1 7,231.9 6,367.2 5,307.3 5,190 5,156 1,142.8 978.8 858.9 863.4 738.1 644.4 619 597.4
Current Liabilities
Account Payables 0 0 315.3 348.7 301.3 194.6 322.4 341.8 370.3 410.6 319.7 354.6 397.1 354.1 333.9 307.1 322 306.5 327.6 360.6 329.8 330 334.8 363.4 404.9 400.9 355.2 347.5 361.1 362.6 345.8 355.7 347.3 330.2 327.1 360.2 335.9 364.5 266.3 243.8 252.6 115 136 134.6 144 156.3 129 107 125.3 127.6 67.9 64.8 59.8 57.3 48.6 67 253 50.1
Short-Term Debt 1,175.9 587.1 600 820 600 863 1,713 1,878 970 900 355 520 585 544.3 659.1 851.9 1,014.5 1,605.1 1,045.7 1,050 300 500 450 450 1,950 1,500 2,000 2,000 500 525 600 100 1,625 1,225 1,225 1,329.3 975 575.6 575.8 500 0 0 0 0 0 0 0 0 0 101.3 76 76.9 156.7 150 150 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 145 0 0 0 0 0 0 0 0 0 0 0 0 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 512.5 1,996.6 1,487.6 1,530.8 1,393.6 286 1,535.9 1,388.6 1,386.4 326.1 1,299.7 1,277.5 1,073 502.8 1,156.4 1,033.9 1,118.6 640.5 1,444.6 1,476.1 1,188.4 329.8 1,360.7 1,011.2 1,149.9 321.7 1,318.6 1,185.6 1,022.6 460.4 1,249.2 1,186.2 1,075.7 319.1 1,168.5 1,087.3 1,162.2 168 1,302.9 1,163.8 0 461.4 451.3 0 508.8 478.3 250 433.4 440.7 416.4 254.3 201 184.3 185.4 19.6 155.4 154 (17.7)
Total Current Liabilities 1,688.4 2,583.7 2,402.9 2,699.5 2,294.9 2,450.9 3,571.3 3,608.4 2,797 2,857.4 2,071.5 2,233.7 2,335.9 2,358.2 2,295.7 2,463.6 2,674.1 3,467.9 2,939.1 2,928.5 2,089.4 2,556.9 2,266.2 2,161.2 3,779.6 3,441.5 3,773.9 3,677.8 2,255 2,421.3 2,391.2 1,853.6 3,424.5 3,069.7 3,010.2 2,996.4 2,656.1 2,381.5 2,312.1 2,101.2 1,514.6 601.8 655.2 690.7 669.2 703.6 707.3 540.4 566 645.3 398.2 342.7 400.8 392.7 388.6 398.1 407 186.9
Non-Current Liabilities
Long-Term Debt 6,295.1 6,932 7,512.6 6,752.5 6,576.3 5,341.6 4,737.7 3,956.7 4,826.2 4,867.9 5,127.4 5,189.4 5,204.8 5,152.2 5,055.2 5,172 5,286.3 5,463.7 6,458.1 6,802.5 7,538.7 7,626.5 7,840.2 7,759.3 7,724.2 6,721.4 6,345.9 6,719.3 8,310.6 8,413.7 8,597.4 9,413.3 9,486.9 8,917.5 9,199.7 9,354.4 10,537.8 10,665.8 11,006.2 10,533.5 11,117.4 1,130.6 1,127 1,127.6 653.5 660.4 103.2 868.9 959.7 1,007.8 0 0 0 98.9 258.3 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 352.5 0 0 370.4 357.6 465.4 474.9 484.6 474.8 541.3 526.2 490.1 558.5 693.9 722.8 765.7 790.4 747.8 804.9 857.6 840.1 912.2 949.9 990.2 999.5 1,054 1,080.9 1,092.1 1,101.5 2,879.8 2,909.1 2,972.6 3,030.9 3,084.5 2,824.2 3,015.1 0 0 0 0 0 0 54.2 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 870.2 806.5 878.8 908.9 744.1 1,028.1 1,205.5 852.8 925.9 1,035 1,017.7 1,060.6 1,053.8 1,190 1,166.3 1,145.6 1,299.9 1,203.3 1,186.1 1,183 1,244.5 1,293.1 1,278.3 1,268.8 1,242.9 1,197.7 1,196.5 1,193.9 1,016.2 1,116.4 1,098.8 1,178.2 1,189.8 877.6 919.8 887.1 936.3 887.5 963.1 989.2 360.4 325.9 328.5 333.8 312.5 301 348.8 344.5 352.6 96.4 93.4 91.8 85.4 67.7 0 253 149.5
Total Non-Current Liabilities 6,295.1 7,802.2 8,319.1 7,631.3 7,485.2 6,438.2 5,765.8 5,162.2 6,049.4 6,151.4 6,627.8 6,682 6,750 6,680.8 6,786.5 6,864.5 6,922 7,322.1 8,355.3 8,711.4 9,487.4 9,661.4 9,881.1 9,842.5 9,850.6 8,804.4 8,455.8 8,865.7 10,494.7 10,429.4 10,767.8 11,593 11,757.2 11,208.8 12,957.1 13,183.3 14,397.5 14,633 14,978.2 14,320.8 15,121.7 1,491 1,452.9 1,456.1 987.3 972.9 404.2 1,271.9 1,304.2 1,360.4 96.4 93.4 91.8 184.3 326 0 253 149.5
Total Liabilities 7,983.5 10,385.9 10,722 10,330.8 9,780.1 8,889.1 9,337.1 8,770.6 8,846.4 9,008.8 8,699.3 8,915.7 9,085.9 9,039 9,082.2 9,328.1 9,596.1 10,790 11,294.4 11,639.9 11,576.8 12,218.3 12,147.3 12,003.7 13,630.2 12,245.9 12,229.7 12,543.5 12,749.7 12,850.7 13,159 13,446.6 15,181.7 14,278.5 15,967.3 16,179.7 17,053.6 17,014.5 17,290.3 16,422 16,636.3 2,092.8 2,108.1 2,146.8 1,656.5 1,676.5 1,111.5 1,812.3 1,870.2 2,005.7 494.6 436.1 492.6 577 714.6 398.1 407 336.4
Stockholders' Equity
Common Stock 0 0 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3 3 3.1 3.1 3 3 3 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.4 2.4 2 2 2 2 1.9 0 0 0
Retained Earnings 0 0 11,518.6 11,335.2 11,229.7 11,095.3 10,903.7 10,702.5 10,509 10,384.5 10,014.9 9,902.3 9,741.7 9,559.3 9,739.9 9,606.5 9,503.1 10,292.2 10,426.3 10,331 10,237.7 10,086.9 9,802.9 9,610 9,866.2 10,427.3 10,155.3 9,772.7 9,688.1 9,491.2 10,441.2 10,327.9 10,191.7 10,022.8 8,837.2 8,787.6 8,649.6 8,467.1 8,442.7 8,331.9 8,407.5 5,473.4 5,307.9 5,102.5 4,797.8 4,587.7 3,273.1 873.6 757.3 659.7 537.7 448.7 313.4 241.2 12.3 0 0 0
Accumulated Other Comprehensive Income 0 0 (283.8) (284.5) (287.3) (262.8) (202.2) (195.2) (211.2) (191) (186.5) (177.8) (178) (179.3) (244.9) (192.5) (158.9) (231.6) (298.1) (287) (276.7) (297.8) (287) (265.8) (255.1) (241.9) (223.2) (171.8) (183.5) (187.4) (168.1) (163) (51.3) (83.2) (159.9) (264.4) (423.8) (434) (303.4) (339.3) (242.9) 224.1 304.9 358.6 282.4 228.7 264.9 151.2 143.5 138.7 21.8 16.2 14 14.2 9.3 10.9 424 7
Total Stockholders' Equity 14,738.1 12,705.8 12,756.5 12,525 12,395.1 12,468.1 12,374.7 12,741.1 12,598 12,480.5 12,510.8 12,371.5 12,150.7 12,020.3 12,244.7 12,118.4 12,015.5 12,660.7 12,708.6 12,577.9 12,445 12,194.2 11,872.2 11,641.4 11,878.6 12,388.1 12,081.5 11,659.1 11,534.4 11,271.3 12,216.8 12,043.1 11,998.4 11,735.8 10,449.8 10,278.9 9,933.4 9,668.9 9,745.5 9,548.4 9,659.7 5,734.5 5,713.9 5,638.7 5,805.6 5,555.4 5,253.2 3,488.2 3,312.8 3,143.3 648.2 542.7 366.3 286.4 23.5 246.3 212 261
Total Liabilities & Equity 22,721.6 23,091.7 23,488 22,865.1 22,183.9 21,365.3 21,720.3 21,511.7 21,444.4 21,489.3 21,217.3 21,294.3 21,243.5 21,066 21,333.3 21,452.7 21,617.5 23,456.4 24,008.6 24,223.2 24,026.6 24,417.7 24,025.5 23,647.6 25,512.9 24,638.7 24,315.2 24,205.7 24,289 24,126.8 25,382 25,490.8 27,181.2 26,014 26,417.5 26,459.2 26,987.8 26,684.4 27,036.5 25,971.3 26,297.3 7,827.3 7,822 7,785.5 7,462.1 7,231.9 6,367.2 5,307.3 5,190 5,156 1,142.8 978.8 858.9 863.4 738.1 644.4 619 597.4
Debt Metrics
Total Debt 7,471 7,519.1 8,112.6 7,572.5 7,176.3 6,204.6 6,450.7 5,834.7 5,796.2 5,767.9 5,482.4 5,709.4 5,789.8 5,696.5 5,714.3 6,023.9 6,300.8 7,068.8 7,503.8 7,852.5 7,838.7 8,126.5 8,290.2 8,209.3 9,674.2 8,221.4 8,345.9 8,719.3 8,810.6 8,938.7 9,197.4 9,513.3 11,111.9 10,142.5 10,424.7 10,683.7 11,512.8 11,241.4 11,582 11,033.5 11,117.4 1,130.6 1,127 1,127.6 653.5 660.4 103.2 868.9 959.7 1,109.1 76 76.9 156.7 248.9 408.3 0 0 0
Net Debt 7,046.8 6,927.2 6,819.9 7,015.6 5,791.8 5,679.1 5,881.7 5,414.6 5,403.2 5,352.1 5,190.3 5,389.6 5,459.6 5,320.8 5,168.9 5,637.5 5,865 6,690.7 6,584.2 6,810.1 7,114.4 7,324.4 7,322.9 7,495.9 7,240.6 7,603.5 7,833.4 8,316.2 8,223.8 8,395.9 8,672.8 9,032.1 9,346.5 9,618.1 9,943.9 10,233.7 10,473.3 10,607.3 11,106.7 10,057.2 10,120.6 176.9 305.8 435.9 376 447.6 (209.8) 792 851 1,031.6 (39) 43.5 141 228.1 384.9 0 0 0
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
Operating Activities
Net Income 238.5 139.4 231.2 153.4 182.6 240.1 249.2 243.1 172.8 419.7 162.8 209.8 232.8 (130.2) 194.2 154 73.2 (83.9) 162.4 144.8 193 333.8 246.1 (208.2) (509.1) 321.4 432 131.9 246.2 (902.5) 162.1 184.9 176.2 1,231.2 98.8 184.1 299.3 69.7 157.9 (31.7) 108.7 168.6 190.7 173.6 116.3 97.6 37 85 89 135.3 72.2 65.1 65.9 54.6 43.2 27.4 43.2 47.7 42.6 46.9 38.8
Depreciation & Amortization 270 284 283.6 271.8 254.4 263.6 250.9 243.2 238.6 241.2 241.2 237.5 231.8 228.5 231.4 232.7 233.8 267.1 233 235.8 235.7 265.4 258.6 255.7 253 253.9 251.5 253 247.7 254.8 260.6 261.6 263.5 264.5 266.5 264.1 267.6 252 288.1 252.3 246.9 45.6 45.3 45.1 45.6 41.7 40.6 21.3 21.8 19.6 6.6 6.4 6.8 5.5 5.2 5.7 6.4 6.3 5.5 5.2 6
Stock-Based Compensation 24.2 24.1 25.3 21.2 19.6 21.1 24.5 26.4 29 25.3 15.6 33.9 25 26.8 27.4 27.6 23.2 17.7 18.7 22.3 20.1 17.7 23.7 21.8 16.5 22.7 21.6 19.7 20.3 20.2 19.3 12.1 13.9 13.6 12.4 13.7 14 11.4 15.2 18 12.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (173.3) 158.6 29.2 (68.2) (73.9) 29.1 (128.8) (143.3) (212.4) (1.4) (82.1) (133.3) (181.9) (222.9) (32.2) (105.1) (65.5) 149.4 10.1 (0.2) (225.3) (203.8) (147.1) (155.1) 78.5 364 (127.2) (173.7) (230.6) 17.7 38.3 (65.3) 36.9 397 51.8 (64.5) (320.1) 396.4 (123.1) (19.7) (249.2) 16.9 5.5 (68.2) 23.8 23.7 105.9 4.7 (10.1) (20.1) (3.5) (19.4) (22) (47.9) 14.3 (35.6) 58.7 (202) 232 0 (2)
Other Non-Cash Items (0.2) (1.6) (150.6) 0 0.1 (47.6) (0.1) 0 0 (96.4) 0.1 0 0 342 30 43.3 (27.5) 15.4 8.9 51.2 23 12 0 33 612 (538.7) 0 70.1 0 989.3 3.8 0 0 (1,503.4) 34 43.1 14.6 (102.3) 14.5 160.7 153.7 0.5 2.1 2 18.6 0 (14.5) (12.1) 21.4 (89.1) 7.9 0 0 0 (11.1) 0.9 (43.0) 212.7 (214.1) 6.2 0.2
Operating Cash Flow 359.2 517.3 418.7 378.2 382.8 506.3 395.7 369.4 228 588.4 337.6 347.9 307.7 244.2 450.8 352.5 237.2 365.7 433.1 453.9 246.5 425.1 381.3 (52.8) 450.9 423.3 577.9 301 283.6 379.5 484.1 393.3 490.5 402.9 463.5 440.5 275.4 627.2 352.6 387.2 265.2 231.6 243.6 152.5 204.3 194 169 98.9 122.1 104.8 83.2 55.4 49.1 32.5 51.6 8.3 65.3 64.7 66 58.3 43
Investing Activities
Capital Expenditure (36.3) 151.4 127.1 (80.1) (47) (84.9) (27.1) (146.4) (98.4) (62.8) (116.4) (149.6) (60.7) (63.4) (47.2) (40.9) (36.4) (71.5) (44) (24.6) (25.8) (28.1) (30.6) (19) (40.2) (51.8) (58.6) (256.5) (37.8) (47.5) (61.5) (27) (26.7) (46.2) (36) (30.7) (43.1) (54.6) (56.4) (46.1) (27.6) 67.3 (71.8) (61) 20 (50.6) (51.5) (93.5) 19.5 (33) (10) (8.7) (8.5) (6.5) (16.3) (12.9) (15.4) (5.3) (14.8) (2.9) (6)
Acquisitions 0 (166.9) (1,226.3) 0 0 (160) (49.8) (66.5) 0 (102) 0 (14) (18.9) 0 0 (99.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 (15.3) 0 0 0 0 0 0 0 0 (1,258.9) 0 0 0 0 0 0 0 (924.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (0.3) (295.6) 140.2 (80.5) (59.7) (51.9) (41.2) (65.2) (82) (78.9) (64.5) (85.5) (82.8) (66.1) (71.6) (64.2) (56.4) (76.5) (62.5) (70.7) (72.2) (68.9) (63.5) (73.6) (85.7) (76.4) (94.7) (81.1) (63.7) (72.6) (77.6) (65.7) (60.4) (81.3) (83.1) (86.2) (86.4) (94.3) (94.2) (73.1) (85.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 (3.5) 2.5 1 2.8 2.8 6.3 10.2 6.2 8.2 5.6 13.4 18.2 37.3 21.2 12.7 0 0 0 3.1 10.5 16.2 10.5 16.3 10.6 16.2 10.8 10.5 0 0 0 0 0 0 0 0 12.9 0 49.8 223.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (83.7) (0.9) 831.6 (1,256.3) (2.7) (30.6) (22.2) (68.9) (68.1) 16.7 (25) (51.9) (14.4) (1.2) (3.7) (59.5) (8.2) (6.6) (18.7) (14.6) (27.4) (229.8) (13.5) (3.2) (11.6) (20.4) (26.5) (193) (14.5) 53 0.2 (0.9) (14.6) (0.7) (1.4) (12.1) (3.6) (10.8) 35.2 (196.8) (14.7) (129.6) (0.5) (9.2) (172.9) 0 (1.1) 47.2 (66) 0 0 0 0 (2) 0 0 0 0 0 0 0
Investing Cash Flow (159) (322) (163.3) (1,384.4) (106) (291.2) (154.9) (247) (195) (220.8) (165.6) (243.1) (149.4) (112.5) (85.2) (243.2) (88.3) (146.2) (125.2) (109.9) (122.3) (315.9) (91.4) (85.3) (121.2) (138) (163.6) (322.2) (105.5) (82.4) (138.9) (93.6) (101.7) (128.2) (120.5) (129) (133.1) (146.8) (1,374.3) (266.2) 95.8 (62.3) (72.3) (70.2) (152.9) (50.6) (976.9) (46.3) (46.5) (33) (10) (8.7) (8.5) (8.5) (16.3) (12.9) (15.4) (5.3) (14.8) (2.9) (6)
Financing Activities
Net Debt Issuance 0 (600) 518.6 220 885.1 (113.7) 535 45 70 194.8 (310) 80 89.8 (150.8) (242.9) (100) (550) (555) (300) 0 (200) (250) 0 (1,500) 1,497.1 (161.1) (330) (115) (110) (250) (303.7) (1,525) 924.3 (300) (298.2) (900) 250 (276.5) 535.7 (119.1) (399.7) (180) (154.3) (221) (90.1) (149.3) 703 (0.1) (2.7) (79.6) (93.9) (62.4) (37.2) (19.3) (42) 0 0 0 0 0 0
Stock Repurchased (250.1) (250) 237 (7.2) (229.8) (72.2) (596.3) (85.9) (113.6) (410.3) 0 (14.3) (267.6) 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 (415.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (46.9) (47.5) (47.5) (47.5) (47.8) (48) (49.2) (49.4) (49.4) (50.2) (50.1) (50.3) (50.3) (50.4) (50.3) (50.3) (50.2) (50.2) (50.1) (50) (49.8) (49.8) (49.6) (49.6) (49.5) (49.4) (49.2) (49.1) (49) (49) (48.8) (48.8) (48.6) (48.6) (48.5) (48.4) (48.1) (48.1) (47.9) (47.8) (44.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 (290) 0 0 0 0 0 0
Other Financing Activities (84.5) (1.2) (224.3) (1.5) (32.1) (6.7) 8.6 (1.6) 42.9 14.3 164.1 (124.8) 21.4 (112.2) 99.3 4.3 409.7 (50.6) (76) 21.7 54 13.5 7 (36.1) 45.2 27.8 80.8 0.5 23.8 23.5 54.8 3 (33.9) 115.7 26 35.4 54.2 15.5 31.4 46.5 26.9 0 0 (1.9) (5) 0 (22.6) (3.7) 0 0 8.9 0 (2) (6.9) 1.3 28 (49.9) (59.4) (51.2) (55.4) (37)
Financing Cash Flow (369.2) (897) 483.8 163.8 575.4 (240.6) (101.9) (91.9) (50.1) (251.4) (196) (109.4) (206.7) (313.4) (193.9) (146) (190.5) (655.8) (426.1) (28.3) (195.8) (286.3) (42.6) (1,585.7) 1,492.8 (182.7) (298.4) (163.6) (135.2) (275.5) (297.7) (1,570.8) 841.8 (232.9) (320.7) (913) 256.1 (309.1) 519.2 (128) (825.3) (157) (146.6) (178.5) (81.9) (112.8) 704.5 9.2 5.4 (54.3) (79) (52.1) (36.4) (21.4) (40.7) 28 (49.9) (59.4) (51.2) (55.4) (37)
Cash Position
Net Change in Cash (167.7) (700.8) 735.8 (827.6) 859 (43.5) 148.9 27.1 (22.8) 123.7 (27.7) (10.4) (45.5) (169.7) 159 (49.4) (42.7) (441.1) (122.8) 318.1 (77.8) (165.2) 253.9 (1,720.2) 1,815.7 105.4 109.4 (183.7) 44 18.2 43.4 (1,284.2) 1,241 43.6 30.8 (589.5) 405.4 158.8 (501) (20.5) (462.5) 13 21.8 (97.6) (31.8) 31.2 (99.5) 62 81.6 17.7 (5.1) (5.6) 5.6 2.4 (5) 23.4 0 0 0 0 0
Cash at Beginning 591.9 1,292.7 556.9 1,384.5 525.5 569 420.1 393 415.8 292.1 319.8 330.2 375.7 545.4 386.4 435.8 478.5 919.6 1,042.4 724.3 802.1 967.3 713.4 2,433.6 617.9 512.5 403.1 586.8 542.8 524.6 481.2 1,765.4 524.4 480.8 450 1,039.5 634.1 475.3 976.3 996.8 1,459.3 78.8 57 154.6 108.7 77.5 177 115 33.4 15.7 20.8 26.4 20.8 18.4 23.4 0 0 0 2,433.6 2,433.6 2,433.6
Cash at End 424.2 591.9 1,292.7 556.9 1,384.5 525.5 569 420.1 393 415.8 292.1 319.8 330.2 375.7 545.4 386.4 435.8 478.5 919.6 1,042.4 724.3 802.1 967.3 713.4 2,433.6 617.9 512.5 403.1 586.8 542.8 524.6 481.2 1,765.4 524.4 480.8 450 1,039.5 634.1 475.3 976.3 996.8 91.8 78.8 57 76.9 108.7 77.5 177 115 33.4 15.7 20.8 26.4 20.8 18.4 23.4 0 0 2,433.6 2,433.6 2,433.6
Free Cash Flow 322.9 668.7 545.8 298.1 335.8 421.4 368.6 223 129.6 525.6 221.2 198.3 247 180.8 403.6 311.6 200.8 294.2 389.1 429.3 220.7 397 350.7 (71.8) 410.7 371.5 519.3 44.5 245.8 332 422.6 366.3 463.8 356.7 427.5 409.8 232.3 572.6 296.2 333.5 245.2 298.9 171.8 91.5 224.3 143.4 117.5 5.4 141.6 71.8 73.2 46.7 40.6 26 35.3 (4.6) 49.9 59.4 51.2 55.4 37
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 2,086.7 2,243.8 2,001.4 2,077.3 1,909.1 2,023.2 1,824.2 1,942 1,889.2 1,940.1 1,753.6 1,869.6 1,831 1,825.1 1,669.8 1,781.8 1,663.2 2,037.9 1,685.4 1,763.3 1,601.4 2,085.3 1,929.3 1,226.1 1,783.8 2,125.7 1,892.4 1,988.6 1,975.5 2,071 1,836.7 2,007.6 2,017.6 2,074.3 1,813.1 1,949.5 1,972.4 2,013.1 1,832.8 1,934 1,904 1,933.6 1,762.2 1,167.6 1,134.4 1,222.9 1,106 1,182.9 1,161.5 1,240.7 1,074.3 1,169.5 1,138.9 1,180.5 1,025.5 1,125 1,140.7 1,167.3 1,031.5 1,137.4 1,115.6 1,134.7 965 1,057.7 1,062.8 1,107.3 975.6 1,019.9 992.6 1,030.2 952.2 1,079.5 1,059.2 1,073.5 903.2 970.6 950.2 933.6 819.8 881.6 860.4 848.3 762.5 846.8 828.5 801.1 700.2 737.4 742.2 701.6 411.1 370.2 345.6 311.6 294.3 286 274.8 251.8 260.9 253.5
Gross Profit 1,510.5 1,451.4 1,442.1 1,485.1 1,359.3 1,436.5 1,285.6 1,388.4 1,376.9 1,401.3 1,235 1,344.1 1,330.2 1,304.8 1,181.6 1,270.8 1,163.2 1,376.4 1,194 1,267.1 1,165.1 1,438 1,359.9 801.6 1,296.7 1,543.5 1,356.7 1,407.3 1,422.1 1,487.6 1,307.7 1,423.9 1,441.8 1,482.9 1,312.2 1,421.8 1,459.5 1,391.3 1,353.5 1,293.9 1,263.4 1,264.3 1,210.1 873.3 849.5 910 810.1 851.3 857.8 899.9 745.5 845.9 846 881.6 769.8 843.1 852 864.1 779.6 849.5 836.6 860.5 745.9 807.1 794.4 832.9 726.3 783.1 762.4 787.1 715 817.2 804.5 819.6 704 754.2 743.8 726.1 636.6 681.6 671 662.5 588 658 638.2 611.7 531.1 535.5 522.7 477.5 312.7 276.5 260.4 229.1 212 204.9 194.5 179.5 192.4 183.6
Operating Income 373.2 287.8 351.3 300 292.3 389 279.5 351.3 265.9 354.2 266.6 329.6 327.3 (28.3) 245.3 280.9 198.4 79.1 243 224.8 258.7 240.7 299.2 (171.7) (456) 336.8 245.8 204.7 350.2 (790.5) 223.3 296 305 (37.9) 211.2 280.1 348.1 183.3 195.5 201.6 245.5 213.5 116 (132.1) 269.9 225.8 255.2 260.9 300.1 315.3 211.7 210.4 298.2 200.5 249.4 301.9 295.6 201.2 266.6 259.1 297.2 122.9 271.6 228.1 294.1 238.5 204 296.5 279.8 239.7 210.3 308.4 331.6 351.9 126 322.5 327.2 338.3 254.5 281.9 290.5 281 240.6 275.8 257.6 241.6 192 175.8 153.8 65.5 134.7 111.1 103.4 72 68.9 56.6 72.4 64.9 71.9 58.8
Net Income 238.1 139.5 230.9 152.8 182 239.5 249.1 242.8 172.4 419.2 162.7 209.6 232.5 (130.5) 194 153.7 14.2 (84) 145.6 141.9 198.1 333.7 242.5 (206.6) (508.5) 320.7 431.1 133.7 246.1 (901.1) 162.2 185 174.7 1,231.4 98.8 184.2 299.4 69.6 158.8 (31.3) 108.8 127 22.2 (173.6) 171.4 156.6 173.1 176.5 221.5 235.9 154.4 152.1 218.6 152.8 178.1 214.5 209.6 156.6 191.5 203.8 208.9 34.9 191.1 165.5 205.4 155.2 149.9 210.1 202.2 167.5 214.7 227.1 239.3 263.8 44.5 231.5 233.4 244.7 183.3 200.9 205.6 199.6 168.6 190.7 173.6 200 127.9 116.3 97.6 37 89 72.2 65.9 43.2 43.2 36 47.7 42.6 46.9 38.8
EPS (Diluted) 1.22 0.70 1.16 0.77 0.91 1.20 1.23 1.18 0.84 2.01 0.77 1.00 1.11 -0.62 0.92 0.73 0.07 -0.40 0.69 0.67 0.94 1.59 1.16 -1.00 -2.46 1.54 2.08 0.65 1.20 -4.38 0.79 0.90 0.85 6.16 0.48 0.90 1.47 0.33 0.78 -0.16 0.52 0.63 0.11 -0.91 1.02 0.91 0.96 1.03 1.29 1.36 0.90 0.89 1.28 0.90 1.02 1.22 1.17 0.88 1.01 1.06 1.08 0.18 0.96 0.82 1.01 0.76 0.70 0.97 0.91 0.75 0.95 0.99 1.02 1.13 0.19 0.97 0.98 1.02 0.76 0.81 0.82 0.80 0.67 0.76 0.70 0.80 0.52 0.47 0.40 0.15 0.45 0.36 0.34 0.22 0.22 0.19 0.25 0.22 0.24 0.20
Balance Sheet
Cash & Equivalents 424.2 591.9 1,292.7 556.9 1,384.5 525.5 569 420.1 393 415.8 292.1 319.8 330.2 375.7 545.4 386.4 435.8 378.1 919.6 1,042.4 724.3 802.1 967.3 713.4 2,433.6 617.9 512.5 403.1 586.8 542.8 524.6 481.2 1,765.4 524.4 480.8 450 1,039.5 634.1 475.3 976.3 996.8 953.7 821.2 691.7 277.5 212.8 313 76.9 108.7 77.5 115 33.4 15.7 20.8 23.4 0 0 0
Total Assets 22,721.6 23,091.7 23,488 22,865.1 22,183.9 21,365.3 21,720.3 21,520 21,452.4 21,496.9 21,217.3 21,294.3 21,243.5 21,066 21,333.3 21,452.7 21,617.5 23,456.4 24,008.6 24,223.2 24,026.6 24,417.7 24,025.5 23,647.6 25,512.9 24,638.7 24,315.2 24,205.7 24,289 24,126.8 25,382 25,490.8 27,181.2 26,014 26,417.5 26,494.2 26,987.8 26,684.4 27,036.5 26,043.1 26,297.3 7,827.3 7,822 7,785.5 7,462.1 7,231.9 6,367.2 5,307.3 5,190 5,156 1,142.8 978.8 858.9 863.4 738.1 644.4 619 597.4
Total Debt 7,471 7,519.1 8,112.6 7,572.5 7,176.3 6,204.6 6,450.7 5,834.7 5,796.2 5,767.9 5,482.4 5,709.4 5,789.8 5,696.5 5,714.3 6,023.9 6,300.8 7,068.8 7,503.8 7,852.5 7,838.7 8,126.5 8,290.2 8,209.3 9,674.2 8,221.4 8,345.9 8,719.3 8,810.6 8,938.7 9,197.4 9,513.3 11,111.9 10,142.5 10,424.7 10,683.7 11,512.8 11,241.4 11,582 11,033.5 11,117.4 1,130.6 1,127 1,127.6 653.5 660.4 103.2 868.9 959.7 1,109.1 76 76.9 156.7 248.9 408.3 0 0 0
Stockholders' Equity 14,738.1 12,705.8 12,756.5 12,525 12,395.1 12,468.1 12,374.7 12,741.1 12,598 12,480.5 12,510.8 12,371.5 12,150.7 12,020.3 12,244.7 12,118.4 12,015.5 12,660.7 12,708.6 12,577.9 12,445 12,194.2 11,872.2 11,641.4 11,878.6 12,388.1 12,081.5 11,659.1 11,534.4 11,271.3 12,216.8 12,043.1 11,998.4 11,735.8 10,449.8 10,278.9 9,933.4 9,668.9 9,745.5 9,548.4 9,659.7 5,734.5 5,713.9 5,638.7 5,805.6 5,555.4 5,253.2 3,488.2 3,312.8 3,143.3 648.2 542.7 366.3 286.4 23.5 246.3 212 261
Cash Flow
Operating Cash Flow 359.2 517.3 418.7 378.2 382.8 506.3 395.7 369.4 228 588.4 337.6 347.9 307.7 244.2 450.8 352.5 237.2 365.7 433.1 453.9 246.5 425.1 381.3 (52.8) 450.9 423.3 577.9 301 283.6 379.5 484.1 393.3 490.5 402.9 463.5 440.5 275.4 627.2 352.6 387.2 265.2 231.6 243.6 152.5 204.3 194 169 98.9 122.1 104.8 83.2 55.4 49.1 32.5 51.6 8.3 65.3 64.7 66 58.3 43
Capital Expenditure (36.3) 151.4 127.1 (80.1) (47) (84.9) (27.1) (146.4) (98.4) (62.8) (116.4) (149.6) (60.7) (63.4) (47.2) (40.9) (36.4) (71.5) (44) (24.6) (25.8) (28.1) (30.6) (19) (40.2) (51.8) (58.6) (256.5) (37.8) (47.5) (61.5) (27) (26.7) (46.2) (36) (30.7) (43.1) (54.6) (56.4) (46.1) (27.6) 67.3 (71.8) (61) 20 (50.6) (51.5) (93.5) 19.5 (33) (10) (8.7) (8.5) (6.5) (16.3) (12.9) (15.4) (5.3) (14.8) (2.9) (6)
Free Cash Flow 322.9 668.7 545.8 298.1 335.8 421.4 368.6 223 129.6 525.6 221.2 198.3 247 180.8 403.6 311.6 200.8 294.2 389.1 429.3 220.7 397 350.7 (71.8) 410.7 371.5 519.3 44.5 245.8 332 422.6 366.3 463.8 356.7 427.5 409.8 232.3 572.6 296.2 333.5 245.2 298.9 171.8 91.5 224.3 143.4 117.5 5.4 141.6 71.8 73.2 46.7 40.6 26 35.3 (4.6) 49.9 59.4 51.2 55.4 37