Zebra Technologies Corporation logo ZBRA - Zebra Technologies Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 19
HOLD 8
SELL 0
STRONG
SELL 0
| PRICE TARGET: $312.33 DETAILS
HIGH: $345.00
LOW: $256.00
MEDIAN: $316.50
CONSENSUS: $312.33
UPSIDE: 22.22%
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 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 1,495 1,475 1,320 1,293 1,308 1,334 1,255 1,217 1,175 1,009 956 1,214 1,405 1,503 1,378 1,468 1,432 1,467 1,436 1,377 1,347 1,308 1,132 956 1,052 1,192 1,130 1,097 1,066 1,137 1,092 1,012 977 1,026 935 896 865 942 904 879 849 952.8 916 890 893 790.6 303.3 288.4 288.3 284.5 263.5 253.2 236.9 253.2 252.0 247.1 243.9 247.3 253.3 245.5 237.3 248.2 229.8 218.6 212.0 222.5 200.8 187.7 192.6 232.6 244.1 253.8 246.3 233.6 217.2 208.9 208.6 209.9 186.4 187.4 175.8 179.3 175.6 176.6 170.7 174.9 171.2 162.8 154.2 147.2 129.9 126.3 116.0 111.6 112.9 115.1 126.4 128.2 130.0 99.6
Cost of Revenue 753 817 686 677 663 686 642 628 612 561 529 633 738 818 750 794 795 798 790 719 692 690 639 537 579 648 595 577 565 598 587 540 512 557 506 485 464 510 490 473 459 525.2 502 497 484 454.2 151.8 146.3 140.3 143.5 134.9 132.3 123.9 128.7 125.1 126.7 124.0 125.8 129.8 123.8 117.3 124.5 120.6 119.1 114.2 121.0 109.1 105.9 106.8 121.7 126.3 126.1 123.5 120.3 112.6 109.5 108.8 111.5 98.6 97.9 93.1 89.5 88.1 87.5 83.6 84.0 84.0 78.3 73.6 72.8 63.3 63.8 60.2 60.1 60.6 61.1 66.2 59.5 67.7 47.7
Gross Profit 742 658 634 616 645 648 613 589 563 448 427 581 667 685 628 674 637 669 646 658 655 618 493 419 473 544 535 520 501 539 505 472 465 469 429 411 401 432 414 406 390 427.5 414 393 409 336.4 151.5 142.2 147.9 141.0 128.6 120.9 113.1 124.5 126.9 120.4 119.9 121.5 123.6 121.7 120.0 123.6 109.2 99.4 97.8 101.5 91.7 81.7 85.8 110.9 117.8 127.7 122.8 113.3 104.6 99.4 99.8 98.4 87.8 89.5 82.7 89.8 87.5 89.1 87.1 90.9 87.1 84.5 80.6 74.4 66.6 62.6 55.7 51.5 52.3 54.0 60.2 68.7 62.3 51.9
Operating Expenses
R&D Expenses 165 152 146 144 151 138 141 146 138 116 127 130 146 142 143 148 137 145 141 141 140 137 113 98 105 118 110 108 111 121 113 109 101 98 96 99 96 92 96 95 93 98.3 100.3 99.1 96.4 79.3 25.2 23.7 22.9 23.7 22.4 23.2 21.9 22.6 22.0 22.3 20.4 23.2 22.6 22.5 21.7 26.7 26.7 25.4 23.1 21.5 21.2 20.6 21.8 20.7 21.7 22.8 19.8 15.6 13.9 13.9 14.2 12.8 11.8 12.4 12.0 11.8 11.5 12.1 10.7 9.4 9.6 9.2 8.9 8.7 7.6 6.7 7.5 7.1 7.6 6.6 7.0 6.6 7.4 5.7
SG&A Expenses 316 284 270 260 272 258 247 247 229 214 226 215 260 242 241 248 251 246 233 240 216 218 190 183 196 209 202 217 198 211 195 214 191 199 184 182 184 189 186 190 195 192.6 187.5 194.8 188.2 164.1 61.5 62.1 63.8 60.7 56.8 57.9 58.8 54.3 55.4 57.8 56.7 55.5 51.1 51.6 51.2 53.3 50.7 50.0 48.4 48.4 49.1 42.8 44.9 52.5 51.7 58.5 55.9 57.5 50.8 48.9 46.1 46.0 38.1 38.6 36.8 39.0 35.3 39.4 37.5 34.6 31.1 30.6 30.0 31.0 27.0 27.1 22.9 20.1 21.6 20.6 22.9 19.7 21.0 18.3
Other Expenses 46 0 35 29 27 27 34 29 37 44 86 42 36 41 42 423 37 55 35 30 27 32 40 19 21 29 38 35 33 28 35 24 29 39 58 72 81 80 156 99 100 114.9 102 112 105 117.8 37.8 23.3 7.9 7.5 2.6 3.6 4.2 3.5 11.3 2.0 1.0 0.8 1.2 0.9 2.7 3.1 0.8 1.2 2.5 4.5 6.2 5.2 4.9 170.1 3.7 9.4 7.7 3.3 2.9 2.6 4.2 13.9 54.2 0.7 0.7 0.9 0.8 0.5 2.2 0.8 1.4 1.5 1.1 2.5 0.4 0.4 0.4 1.5 1.8 2.1 4.9 5.9 9.0 2.6
Operating Expenses 527 436 451 433 450 423 422 422 404 374 439 387 442 425 426 819 425 446 409 411 383 387 343 300 322 356 350 360 342 360 343 347 321 336 338 353 361 361 438 383 380 405.5 389 407 389 361.3 124.5 109.1 94.5 92.0 81.8 84.7 84.9 80.3 88.2 80.9 77.9 79.4 74.7 75.0 75.6 83.2 68.9 67.5 64.8 74.4 76.5 68.6 71.6 243.2 77.1 90.7 83.4 76.4 67.6 65.4 64.5 72.7 104.1 51.7 49.5 51.6 49.5 53.8 50.6 44.7 42.1 41.3 39.9 42.1 34.9 34.1 30.8 28.7 31.1 29.3 34.8 32.2 37.4 26.7
Operating Income
Operating Income 215 222 183 183 195 225 191 167 159 74 (12) 194 225 260 202 (145) 212 223 237 247 272 231 150 119 151 188 185 160 159 179 162 125 144 133 91 58 40 71 (24) 23 10 22.0 25 (14) 20 (24.8) 27.0 33.1 53.4 49.1 46.8 36.2 28.2 44.1 38.8 39.5 42.0 42.1 48.9 46.7 44.4 40.4 40.3 31.9 32.9 27.1 15.2 13.2 14.2 (132.3) 40.7 37.0 39.4 36.9 37.0 34.0 35.3 25.7 (16.3) 37.8 33.2 38.2 38.0 35.4 36.5 46.2 45.1 43.2 40.7 32.3 31.6 28.4 25.0 22.8 21.3 24.7 25.4 36.5 24.9 25.2
Interest Expense 37 37 119 25 23 27 31 23 17 39 16 16 37 24 18 14 4 5 5 7 0 7 10 14 45 4 28 33 24 39 18 23 11 51 95 40 41 48 46 51 50 48.7 45.0 49.3 51.0 56.7 0 0 0.0 0 0 0 0 0 0 0 0 0.6 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
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0.2 0 0 0 0 0 0 0 0.5 0.8 0.6 0.6 0.1 0.7 0.6 0 0.6 0.6 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 215 281 320 206 229 309 225 201 202 18 36 231 266 318 260 294 268 272 291 295 317 266 183 151 190 219 231 210 202 231 206 166 187 183 156 131 108 138 49 93 88 100.7 99 79 73 (46.9) 33.8 40.1 62.6 63.6 55.5 46 37.9 53.4 55.4 46.7 48.2 48.1 55.0 53.0 52.2 49.8 48.0 40.6 42.5 37.5 27.2 23.7 24.4 37.9 54.8 46.5 48.4 44.6 44.0 40.4 43.0 30.5 (12.2) 41.5 36.8 41.7 41.2 38.7 41.2 49.5 48.0 46.3 43.8 35.9 34.5 32.5 28.9 26.8 25.1 29.4 30.3 42.4 30.7 27.8
EBIT 215 222 278 163 188 267 180 159 159 (26) (8) 187 222 272 205 243 216 221 243 251 273 223 148 117 156 183 187 162 155 187 161 123 144 129 88 59 39 68 (31) 16 11 21.1 21 (3) (7) (101.0) 24.6 31.0 53.6 54.8 47.6 38.0 30.6 46.1 48.4 40.7 42.3 42.1 49.2 46.7 46.2 42.2 40.3 32.4 34.7 29.0 18.8 15.7 16.5 27.7 45.0 37.0 39.4 36.9 37.0 34.0 37.2 25.7 (16.3) 37.8 33.2 38.2 38.0 35.4 38.1 46.2 45.1 43.2 40.7 33.0 31.6 28.4 25.0 23.0 21.8 25.5 25.4 36.5 26.7 25.2
Income Before Tax 167 98 159 138 165 208 149 136 142 2 (24) 171 185 225 222 (153) 250 226 228 238 276 216 138 103 103 179 159 129 131 148 143 100 133 78 (7) 19 (2) 20 (77) (33) (39) (27.6) (25) (53) (58) (92.7) 24.8 31.0 53.5 50.2 47.1 37.7 28.8 44.1 38.5 39.7 41.9 41.1 48.0 46.3 44.4 40.2 40.7 32.5 33.7 27.2 16.3 13.2 13.8 (128.7) 35.6 39.0 42.2 46.2 41.2 39.1 40.9 31.7 (10.1) 42.2 37.8 42.0 41.8 39.0 39.6 48.6 48.0 45.2 42.8 35.5 34.2 31.3 25.7 23.8 22.6 26.5 26.8 35.3 26.0 23.8
Income Tax Expense 32 28 58 26 29 45 12 23 27 (15) (9) 27 35 39 52 (55) 45 35 29 19 48 17 22 3 14 10 23 5 16 33 16 30 24 74 5 2 (10) 3 6 12 (13) (21.1) 4 24 (33) (41.0) 9.9 3.4 11.9 8.7 8.5 7.2 5.2 9.3 11.9 9.4 11.7 8.3 13.8 13.1 14.2 12.0 13.4 10.3 8.1 9.6 5.2 4.2 4.4 (11.3) 9.8 13.4 14.6 15.4 14.2 13.5 14.2 10.2 (5.8) 14.6 13.0 13.7 13.7 13.6 13.8 16.7 16.6 15.7 14.9 11.1 12.0 10.9 9.2 8.6 8.1 9.5 9.7 12.7 9.4 8.6
Net Income 135 70 101 112 136 163 137 113 115 17 (15) 144 150 186 170 (98) 205 191 199 219 228 199 116 100 89 169 136 124 115 115 127 70 109 4 (12) 17 8 17 (83) (45) (26) (6.5) (29) (77) (25) (51.7) 14.9 27.6 41.6 41.6 38.6 30.6 23.5 35.0 27.1 30.7 30.2 35.0 45.0 33.0 61.6 28.2 26.2 22.7 24.7 17.6 11.1 9.0 9.4 (117.4) 25.8 25.5 27.6 30.8 27.0 25.6 26.7 21.4 (4.3) 27.7 26.1 28.3 28.1 25.4 25.8 32.0 31.3 29.4 27.9 24.4 22.3 20.3 16.5 15.2 14.5 16.9 17.2 22.6 16.6 15.2
Per Share Data
EPS (Basic) 2.68 1.39 1.99 2.20 2.64 3.16 2.66 2.19 2.24 0.33 -0.29 2.80 2.92 3.60 3.28 -1.88 3.87 3.58 3.72 4.10 4.26 3.73 2.18 1.87 1.66 3.13 2.52 2.28 2.14 2.14 2.37 1.31 2.04 0.07 -0.23 0.33 0.16 0.34 -1.61 -0.96 -0.57 -0.14 -0.57 -1.50 -0.51 -1.02 0.29 0.54 0.83 0.83 0.76 0.60 0.46 0.69 0.53 0.59 0.58 0.67 0.84 0.60 1.11 0.51 0.46 0.39 0.43 0.30 0.19 0.15 0.16 -1.95 0.40 0.39 0.42 0.47 0.39 0.37 0.39 0.31 -0.06 0.39 0.37 0.40 0.39 0.35 0.36 0.44 0.44 0.42 0.40 0.35 0.21 0.29 0.24 0.22 0.21 0.24 0.25 0.33 0.24 0.22
EPS (Diluted) 2.67 1.39 1.97 2.19 2.62 3.14 2.64 2.18 2.22 0.33 -0.29 2.78 2.90 3.58 3.26 -1.88 3.84 3.55 3.69 4.07 4.22 3.70 2.16 1.85 1.65 3.10 2.50 2.26 2.12 2.11 2.34 1.29 2.01 0.07 -0.23 0.32 0.16 0.34 -1.61 -0.95 -0.57 -0.13 -0.57 -1.50 -0.50 -1.02 0.29 0.54 0.82 0.82 0.76 0.60 0.46 0.68 0.52 0.59 0.58 0.67 0.84 0.60 1.10 0.51 0.46 0.39 0.42 0.30 0.19 0.15 0.16 -1.95 0.40 0.39 0.42 0.46 0.39 0.37 0.39 0.31 -0.06 0.39 0.37 0.40 0.39 0.35 0.36 0.44 0.43 0.41 0.39 0.34 0.31 0.28 0.24 0.22 0.21 0.24 0.25 0.32 0.24 0.22
Shares Outstanding 50.4 50.4 51.4 51.4 51.4 51.6 51.6 51.5 51.4 51.4 51.3 51.4 51.4 51.6 51.8 52.1 53.0 53.4 53.4 53.4 53.5 53.4 53.3 53.2 53.8 54.0 54.1 54.0 53.7 53.7 53.7 53.5 53.3 53.2 52.2 52.0 51.8 51.8 51.6 51.1 51.3 49.9 50.9 50.9 50 50.5 50.8 50.6 50.4 50.3 50.6 50.9 51.0 51.0 51.6 51.8 52.0 52.1 53.3 54.5 55.4 55.4 56.7 57.5 58.0 58.0 59.0 59.3 60.3 60.3 64.3 65.1 66.1 66.1 68.6 69.1 68.9 68.9 70.8 70.8 70.6 70.6 71.3 72.0 71.9 71.9 71.7 70.7 70.7 70.7 70.7 70.7 69.6 69.3 68.8 68.7 68.7 68.6 69.4 69.4
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 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 114 125 1,053 872 879 901 676 411 127 137 61 68 85 105 81 98 141 332 307 318 177 168 39 63 24 30 33 27 61 44 45 46 64 62 88 95 180 156 163 141 194 41.3 36.0 38.9 44.8 34.7 33.0 9.4 17.3 14.3 19.1 26.5 18.4 13.0 9.4 17.9 35.3 24.8 36.3 41.2 134.9 38.5 19.8 28 21.3 11.4 7.1 9.4 8.4 7.2 9.7 11.6 8.4 5.2 4.8 9.6 8.4 10 9.7 10.4 6 7.1 1.5 2.4 3.3 0.7 1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 136.4 136.6 114.1 71.6 58.1 265.8 489.6 470.3 435.7 382.2 349.4 330.2 298.2 201.7 165.7 145.6 131.9 107.0 134.5 163.6 197.1 196.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 733 832 761 684 637 712 709 742 599 584 595 683 758 794 815 945 822 760 685 621 528 524 594 458 536 645 664 634 509 544 612 546 502 519 656 592 578 657 599 631 606 150.1 145.6 155.7 139.8 144.4 133.9 95.3 82.1 81.9 79.6 78.3 71.3 78.4 82.8 79.5 76.6 83.9 81.0 79.0 59.2 62.9 70.8 65.1 58.9 57.7 41.9 38.2 31.7 31 31.8 29.8 28.2 31.6 29 26.2 25.3 24.9 19.3 17.1 15.8 15.6 14.6 15.4 14.1 12.4 10.3
Inventory 692 729 663 686 681 693 639 678 705 804 848 864 835 860 814 632 469 491 438 485 528 511 484 513 443 474 468 484 510 520 493 465 448 458 492 414 376 345 345 362 386 85.0 81.6 79.9 92.9 101.2 84.5 47.6 48.0 42.8 40.0 40.2 38.1 36.7 43.2 48.0 55.9 56.9 53.8 55.5 47.2 42.4 36.1 32.2 34.8 39.7 20.1 19.9 21.5 22.4 21.3 22.5 20.4 21.5 20 20.7 20.5 20.4 17.7 17 15.8 14.9 15.8 14.5 11.6 10.7 9.8
Other Current Assets 156 110 99 92 94 134 109 122 196 146 148 138 140 124 161 48 29 0 0 0 0 0 0 60 48 0 0 0 0 0 0 0 0 0 0 0 0 64 158 88 95 12.0 12.2 12.5 13.9 13.3 13.5 5.1 4.6 4.5 4.9 4.7 4.1 4.9 5.0 4.8 4.8 6.2 6.2 6.7 5.2 5 8.6 172.2 165 157.7 146.8 138.2 133.6 126.9 109.2 104.2 105.8 90.7 82.3 70.5 69.6 64 53.7 44.2 44.7 41.8 43.4 39.2 37.5 33.7 34.2
Total Current Assets 1,695 1,796 2,576 2,334 2,291 2,440 2,133 1,953 1,627 1,672 1,652 1,753 1,818 1,883 1,871 1,806 1,569 1,689 1,524 1,526 1,343 1,273 1,192 1,094 1,051 1,195 1,231 1,188 1,142 1,162 1,201 1,109 1,053 1,063 1,266 1,136 1,169 1,222 1,265 1,222 1,281 443.5 426.2 410.9 373.4 363.5 536.7 651.6 626.7 583.5 531.7 504.2 464.6 434.7 345.3 318.1 320.2 303.7 284.3 316.9 410.1 345.9 331.6 297.5 280 266.5 215.9 205.7 195.2 187.5 172 168.1 162.8 149 136.1 127 123.8 119.3 100.4 88.7 82.3 79.4 75.3 71.5 66.5 57.5 55.3
Non-Current Assets
Property, Plant & Equipment 520 519 492 479 474 472 475 456 470 478 467 474 452 434 444 439 404 403 404 395 398 409 378 361 359 366 366 365 367 249 251 254 262 264 267 273 284 292 292 301 300 81.1 78.0 77.6 78.5 76.8 62.6 41.4 41.9 39.3 39.2 38.7 39.5 38.7 41.9 41.2 41.0 41.6 41.4 41.1 41.8 41.7 39.6 38.8 38.8 38.9 18.4 16.6 14.2 12.8 12.1 12.1 11.1 11.3 11 10.2 8.9 8.3 5.8 5.6 5.6 5.5 5.2 4.9 4.3 3.4 3.4
Goodwill 4,709 4,727 3,931 3,931 3,927 3,891 3,895 3,894 3,894 3,895 3,893 3,895 3,895 3,899 3,891 3,929 3,266 3,265 3,194 2,989 2,989 2,988 2,998 2,621 2,618 2,622 2,618 2,622 2,567 2,495 2,496 2,462 2,463 2,465 2,465 2,464 2,460 2,458 2,460 2,496 2,495 151.0 152.3 153.2 152.9 150.4 161.9 0 0 0 0 0 0 0 33.2 33.6 34.1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 765 809 376 400 423 422 447 476 501 527 552 578 604 630 659 659 437 469 456 372 376 402 427 242 258 275 290 323 311 232 260 252 276 299 332 380 430 480 533 640 700 52.6 53.5 56.0 61.1 63.9 62.2 68.9 69.5 70.2 57.3 57.6 58.0 58.4 27.6 28.4 28.4 63.8 65.1 66.1 0 0.2 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
Long-Term Investments 0 0 102 0 110 110 110 110 177 162 199 181 148 160 171 135 106 101 91 93 91 77 80 84 0 45 0 0 0 28 17 12 0 25 0 0 0 25 37 42 41 76.0 79.9 92.0 88.9 95.0 170.5 (5.1) (4.6) 0 0 0 0 0 0.3 0 0 0 (3.8) 0.5 0.4 0 (0.3) 0 0 0 0 (2) (2) 0 0 0 (2) 0 0 (2) 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 233 237 115 229 129 121 129 132 135 134 130 134 125 116 108 106 121 96 90 87 81 87 86 82 125 81 120 115 92 59 84 82 80 40 71 68 67 42 28 36 48 4.3 4.4 4.9 4.7 5.1 12.2 15.7 14.6 8.6 9.7 9.6 9.3 9.6 13.1 13.3 7.4 9.8 7.6 7.8 6.2 6.8 4.5 2.6 2 4.6 (1,422.7) 4 3.8 3.3 3.7 (0.3) 2.6 3 2 3 3.2 3.5 0.5 0.7 0.3 0.3 0.2 0.3 0 0.1 0.1
Total Non-Current Assets 6,637 6,706 5,491 5,604 5,608 5,528 5,557 5,537 5,632 5,634 5,679 5,703 5,656 5,646 5,577 5,579 4,560 4,526 4,341 4,067 4,068 4,102 4,053 3,513 3,489 3,516 3,477 3,513 3,434 3,177 3,199 3,166 3,196 3,212 3,260 3,309 3,362 3,410 3,433 3,569 3,640 398.5 400.8 419.5 435.3 439.3 501.3 126.0 126.0 118.1 107.4 107.1 108.5 108.3 117.3 119.6 114.7 115.2 114.1 115.0 48.0 48.7 44.1 43.4 42.8 43.5 22.7 20.6 18 16.1 16.8 12.8 13.7 14.3 14 13.2 12.1 11.8 6.3 6.3 5.9 5.8 5.4 5.2 4.3 3.5 3.5
Total Assets 8,332 8,502 8,067 7,938 7,899 7,968 7,690 7,490 7,259 7,306 7,331 7,456 7,474 7,529 7,448 7,385 6,129 6,215 5,865 5,593 5,411 5,375 5,245 4,607 4,540 4,711 4,708 4,701 4,576 4,339 4,400 4,275 4,249 4,275 4,526 4,445 4,531 4,632 4,698 4,791 4,921 842.0 827.0 830.5 808.7 802.8 1,038.1 777.6 752.7 701.6 639.1 611.3 573.1 543.1 462.5 437.7 435.0 418.9 398.4 431.8 458.1 394.6 375.7 340.9 322.8 310 238.6 226.3 213.2 203.6 188.8 180.9 176.5 163.3 150.1 140.2 135.9 131.1 106.7 95 88.2 85.2 80.7 76.7 70.8 61 58.8
Current Liabilities
Account Payables 581 695 533 569 559 633 533 551 467 456 433 562 602 811 835 827 691 700 609 597 573 601 546 503 447 552 502 472 457 552 498 442 411 383 426 436 365 413 360 347 316 30.2 26.9 28.1 28.1 30.1 33.8 17.2 20.8 16.2 16.5 18.3 15.4 17.1 18.6 16.3 18.4 23.8 23.4 32.5 20.7 23.8 25.6 17.6 17.7 20.6 12.4 12.8 11.3 17.1 10 12.5 9.1 12.2 8.1 7.8 9.7 11.3 8.3 7.2 5.6 4.2 4.2 5.3 4.6 2.5 3.3
Short-Term Debt 264 141 66 44 69 79 89 89 272 173 190 166 215 214 144 144 183 69 51 47 134 364 481 233 230 197 205 156 131 157 71 85 43 51 34 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.2 0.2 0.8 0.2 0.4 0.4 0.1 0.4 0.3 0.2 1.3 35.4 50.4 0.5 0.2 0.2 0.2 11.7 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.3 0.1 0.1 0.1 0.1 0.1 4.1 4.1 4.1 4.1 4.1 0.1
Deferred Revenue 434 446 456 457 464 453 432 447 456 458 428 443 447 425 401 413 397 380 363 348 344 308 286 273 252 238 230 230 222 210 199 198 201 186 213 214 217 191 204 209 208 23.4 22.6 24.1 20.1 19.8 0 24.8 22.1 4.5 16.9 16.2 17.7 13.6 5.0 12.3 12.2 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
Other Current Liabilities 0 0 198 132 80 217 253 228 274 332 375 427 514 517 476 495 295 355 0 0 0 377 0 369 280 191 0 0 0 140 0 0 0 145 0 0 0 220 263 129 132 0 0 0 0 0 0.5 4.1 11.1 2.3 7.5 16.2 3.4 5.6 4.0 2.2 14.3 22.8 21.4 17.9 17.0 18.8 19.3 19.2 20.1 4.5 12.2 10.8 10.5 5.3 11.2 10.2 12.4 7.9 9.2 7 8.2 8 7.6 5.1 5.5 5.9 6.7 6.1 6.1 3.4 8.7
Total Current Liabilities 1,763 1,852 1,603 1,594 1,581 1,704 1,562 1,522 1,643 1,598 1,562 1,770 2,074 2,332 2,073 2,113 1,799 1,800 1,581 1,550 1,546 1,851 1,765 1,389 1,237 1,404 1,306 1,200 1,146 1,301 1,105 1,014 932 1,000 1,039 983 921 949 932 859 873 108.4 93.2 104.8 94.2 92.6 93.3 46.3 54.2 45.6 41.7 50.8 36.9 36.7 36.4 31.2 45.3 46.9 46.1 85.8 88.1 43.1 45.1 37 38 36.8 24.8 23.8 22 22.6 21.4 22.9 21.6 20.2 17.4 15.1 18 19.4 16 12.4 11.2 14.2 15 15.5 14.8 10 12.1
Non-Current Liabilities
Long-Term Debt 2,387 2,518 2,107 2,128 2,103 2,092 2,080 2,080 1,815 2,047 2,121 2,042 2,037 1,948 2,167 2,172 1,035 922 940 944 956 881 1,086 986 1,167 1,080 1,314 1,561 1,605 1,434 1,829 1,914 2,090 2,176 2,451 2,418 2,573 2,648 2,788 2,873 2,937 0 0 0 0 0 0 0 0 (0.7) 0 0 0 0 0 0 0.3 0.5 0.4 0.4 0.5 0.6 0 0 0 0 0 0 0 0.1 0.1 0.1 0.1 0.1 2.3 2.1 2.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Deferred Tax Liabilities 32 32 65 58 57 57 66 66 66 67 75 75 75 75 78 71 4 6 0 0 0 0 0 0 0 0 1 1 1 8 0 0 0 0 1 2 2 3 0 0 0 33.4 32.6 35.8 49.2 48.0 31.9 0.6 1.9 0.7 0 0 0 1.6 1.2 0 0 0 1.7 0 2.1 1.5 2.6 2.1 2 1.9 0 0.6 0.6 0.9 0 0 1.4 0 0 0.9 0.7 0 0 0 0 0 0 0 0.1 0.2 0.2
Other Non-Current Liabilities 124 (41) 76 74 70 70 95 92 111 94 92 89 (93) (31) 0 43 (55) 67 90 93 89 97 105 92 88 67 86 88 77 89 92 124 102 117 93 108 112 116 129 110 114 9.6 9.2 9.4 10.5 10.8 12.3 3.9 3.6 2.2 2.3 1.7 1.4 1.2 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.1 0.3 0.1 0.2 0.4 0.2 0.2 0.3 0.4 0.5 0.5 2.5 2.5 0.4 0.2 0.3 3.3 0.4 0.4 0.3 0.3 0.3 0.3 0.2 0.2 0.2
Total Non-Current Liabilities 3,099 3,062 2,717 2,727 2,692 2,678 2,707 2,681 2,447 2,672 2,756 2,694 2,509 2,464 2,718 2,759 1,424 1,431 1,468 1,454 1,454 1,380 1,549 1,415 1,576 1,468 1,708 1,942 1,963 1,703 2,082 2,188 2,336 2,441 2,673 2,650 2,815 2,891 3,018 3,101 3,169 12.9 12.9 13.5 15.1 15.5 12.3 4.9 5.9 4.1 2.7 2.1 2.0 1.4 0.6 0.6 0.6 0.7 0.6 0.7 2.8 2.2 2.9 2.2 2.2 2.3 0.2 0.8 0.9 1.4 0.6 0.6 4 2.6 2.7 3.2 3.2 3.5 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7
Total Liabilities 4,862 4,914 4,320 4,321 4,273 4,382 4,269 4,203 4,090 4,270 4,318 4,464 4,583 4,796 4,791 4,872 3,223 3,231 3,049 3,004 3,000 3,231 3,314 2,804 2,813 2,872 3,014 3,142 3,109 3,004 3,187 3,202 3,268 3,441 3,712 3,633 3,736 3,840 3,950 3,960 4,042 121.3 106.0 118.3 109.3 108.2 105.5 51.2 60.1 49.7 44.4 52.9 38.9 38.1 37.0 31.8 45.9 47.6 46.7 86.4 90.9 45.3 48 39.2 40.2 39.1 25 24.6 22.9 24 22 23.5 25.6 22.8 20.1 18.3 21.2 22.9 16.6 13 11.8 14.8 15.6 16.1 15.4 10.7 12.8
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0.7 0.7 0.7 0.7 0.7 0.7 0.5 0.5 0.5 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0 0 0 243 26 26 0 25 24 25 0 24 24 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 5,414 5,279 5,209 5,108 4,996 4,860 4,697 4,560 4,447 4,332 4,315 4,330 4,186 4,036 3,850 3,680 3,778 3,573 3,382 3,183 2,964 2,736 2,537 2,421 2,321 2,232 2,063 1,927 1,803 1,688 1,573 1,446 1,376 1,248 1,244 1,256 1,239 1,240 1,223 1,320 1,369 1,016.6 993.9 969.2 940.5 931.4 929.7 643.2 613.8 585.8 538.5 516.2 494.1 473.8 407.3 392.4 378.0 361.0 343.9 321.3 304.6 289.4 269.5 249.5 232.4 219.8 181.7 170.5 159.2 148.8 137.1 127.1 129.9 108.6 99.9 91.2 85 79.7 63.8 57.1 50.9 45.3 40.2 36.1 30.8 25.7 21.5
Accumulated Other Comprehensive Income (24) (18) (63) (78) (65) (44) (59) (52) (50) (54) (44) (60) (66) (66) (34) (28) (29) (29) (28) (38) (40) (69) (62) (58) (51) (44) (31) (40) (31) (35) (29) (30) (46) (52) (55) (57) (49) (45) (61) (64) (66) (9.4) (8.8) (8.1) (7.9) (13.8) 7.0 3.6 6.1 3.4 1.3 (0.9) (0.0) (1.0) (1.0) (4.0) (4.8) (3.4) (3.3) (1.8) (0.9) (0.5) 0.3 (2) 0 (26.6) 2,372 0 0 (14.6) 0 2 0 (10.8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 3,470 3,588 3,747 3,617 3,626 3,586 3,421 3,287 3,169 3,036 3,013 2,992 2,891 2,733 2,657 2,513 2,906 2,984 2,816 2,589 2,411 2,144 1,931 1,803 1,727 1,839 1,694 1,559 1,467 1,335 1,213 1,073 981 834 814 812 795 792 748 831 879 720.7 720.9 712.1 699.4 694.6 932.6 726.4 692.6 651.9 594.7 558.4 534.2 505.0 425.5 405.9 389.1 371.3 351.7 345.4 367.2 349.3 327.7 301.7 282.6 270.9 213.6 201.7 190.3 179.6 166.8 157.4 150.9 140.5 130 121.9 114.7 108.2 90.1 82 76.4 70.4 65.1 60.6 55.4 50.3 46
Total Liabilities & Equity 8,332 8,502 8,067 7,938 7,899 7,968 7,690 7,490 7,259 7,306 7,331 7,456 7,474 7,529 7,448 7,385 6,129 6,215 5,865 5,593 5,411 5,375 5,245 4,607 4,540 4,711 4,708 4,701 4,576 4,339 4,400 4,275 4,249 4,275 4,526 4,445 4,531 4,632 4,698 4,791 4,921 842.0 827.0 830.5 808.7 802.8 1,038.1 777.6 752.7 701.6 639.1 611.3 573.1 543.1 462.5 437.7 435.0 418.9 398.4 431.8 458.1 394.6 375.7 340.9 322.8 310 238.6 226.3 213.2 203.6 188.8 180.9 176.5 163.3 150.1 140.2 135.9 131.1 106.7 95 88.2 85.2 80.7 76.7 70.8 61 58.8
Debt Metrics
Total Debt 2,809 2,816 2,360 2,360 2,361 2,362 2,371 2,355 2,279 2,414 2,461 2,404 2,445 2,338 2,496 2,510 1,373 1,145 1,111 1,109 1,212 1,404 1,677 1,324 1,492 1,406 1,624 1,821 1,838 1,591 1,900 1,999 2,133 2,227 2,485 2,418 2,573 2,648 2,788 2,873 2,937 0 0 0 0 0 0 0.6 0.5 0.6 1.2 0.9 1.0 0.6 0.7 0.7 0.6 0.7 1.7 35.8 50.9 1.1 0.2 0.2 0.2 11.7 0.2 0.2 0.2 0.3 0.3 0.3 0.2 0.2 2.4 2.4 2.3 0.3 0.3 0.3 0.4 4.4 4.4 4.4 4.4 4.4 0.4
Net Debt 2,695 2,691 1,307 1,488 1,482 1,461 1,695 1,944 2,152 2,277 2,400 2,336 2,360 2,233 2,415 2,412 1,232 813 804 791 1,035 1,236 1,638 1,261 1,468 1,376 1,591 1,794 1,777 1,547 1,855 1,953 2,069 2,165 2,397 2,323 2,393 2,492 2,625 2,732 2,743 (41.3) (36.0) (38.9) (44.8) (34.7) (33.0) (8.8) (16.8) (13.7) (17.9) (25.6) (17.4) (12.4) (8.8) (17.2) (34.7) (24.1) (34.7) (5.4) (84.0) (37.4) (19.6) (27.8) (21.1) 0.3 (6.9) (9.2) (8.2) (6.9) (9.4) (11.3) (8.2) (5) (2.4) (7.2) (6.1) (9.7) (9.4) (10.1) (5.6) (2.7) 2.9 2 1.1 3.7 (0.6)
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 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income 135 70 101 112 136 163 137 113 115 17 (15) 144 150 186 170 (98) 205 191 199 219 228 199 116 100 89 169 136 124 115 115 127 70 109 4 (12) 17 8 17 (76) (49) (29) 29.4 26.8 27.1 29.4 27.9 24.4 23.0 22.3 22.0 20.3 19.9 16.5 14.9 15.2 14.9 14.5 17.2 22.6 16.7 15.2 19.9 19.9 17.1 12.7 7.1 11.3 11.3 10.4 11.7 9.9 7.3 11.2 8.7 8.7 6.3 5.2 6.6 6.2 5.7 5.1 4.1 5.3 5.1 4.3 3.6
Depreciation & Amortization 56 59 42 43 41 42 45 42 43 44 44 44 44 46 55 51 52 51 48 44 44 43 35 34 34 36 44 48 47 44 45 43 43 54 68 72 69 70 80 77 77 3.2 3.3 3.1 3.0 3.0 3.0 2.8 2.9 2.9 4.0 2.9 3.9 2.7 3.9 3.5 3.3 4.9 5.9 4.0 2.5 1.7 2.4 3.2 1.7 4.7 1.1 4.3 1.2 2.1 (0.9) 1.6 1.5 1.6 0.7 0.7 0.8 0.4 0.2 0.4 0.4 0.4 0.2 0.3 0.2 0.3
Stock-Based Compensation 58 33 47 32 51 21 20 31 17 16 19 2 18 18 28 25 17 18 20 22 16 18 13 13 7 12 12 14 10 11 10 14 10 10 10 8 7 7 8 3 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 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (84) 189 (47) (44) (28) 110 113 43 (17) 34 (63) (203) (283) 108 (156) 219 (144) 49 35 32 (49) 206 18 94 (54) 97 23 (53) (130) 159 (5) 14 (33) 164 (119) (16) 37 65 45 (8) 28 10.2 (21.5) (9.6) (23.1) 2.2 10 (5.4) (9.9) 1.6 (24.0) (28.7) (26.9) (21.7) (6.0) (19.2) (34.7) (30.4) 22.6 21.7 29.7 (9.9) (47.1) 1.5 (1.3) (14.4) (4.7) (1.7) (0.9) (39.4) (3.4) (0.4) 6 (2.6) 1.4 (3.9) (1.6) 0.6 (9.2) 10.2 0.9 (5.1) (3.4) 2 (4.9) (2.5)
Other Non-Cash Items 11 46 1 11 1 2 5 74 (12) 31 (14) (12) 15 4 (39) (10) (39) (13) (4) 1 (13) 3 2 (2) 34 (7) 7 13 10 11 3 4 (11) 26 69 6 5 8 73 7 7 0.7 0.8 1.3 2.4 3.1 2.3 0.5 2.9 0 3.1 0 0.2 0 1.3 2.2 0.3 1.5 (2.9) 10.4 (1.6) 2 13.8 (14.5) (0.1) 24.5 (6.9) (9.2) (10.3) (6) 19.5 (0.9) (21.9) (6.8) 5.4 0.7 (5.1) (8.1) 14.4 0 (0.2) 0.1 0.1 (0.1) (0.1) 0
Operating Cash Flow 176 357 235 147 178 306 294 288 125 141 (35) (34) (76) 267 67 100 54 233 297 315 224 431 176 247 108 265 225 153 42 325 194 150 116 268 7 86 117 127 123 27 95 41.7 10.3 21.8 10.0 37.4 38.5 21.8 17.8 26.4 4.2 (4.8) (7.8) (4.9) 15.4 2.9 (15.9) (9.4) 47.8 49.0 46.5 13.7 (11) 7.3 13 22.3 0.8 4.7 3.9 (7) (1.1) 4.4 (1.6) 0.9 (3) 3.9 (0.3) (0.3) 11.6 16.3 6.2 (0.5) 1.8 7.4 (0.5) 1.4
Investing Activities
Capital Expenditure (13) (30) (19) (17) (20) (18) (17) (10) (14) (39) (14) (18) (16) (24) (20) (17) (14) (21) (13) (15) (10) (18) (16) (20) (13) (17) (14) (15) (15) (16) (15) (15) (18) (14) (14) (9) (13) (28) (14) (16) (19) (2.6) (4.0) (2.6) (2.9) (4.8) (2.1) (1.7) (2.6) (1.9) (3.0) (1.4) (1.8) (2.3) (1.6) (3.1) (2.9) (2.8) (2.9) (0.7) (2.6) (3.5) (3.1) (2.5) (2.2) (16) (3.1) (3.9) (2.6) (1.8) (0.8) (2) (0.7) (1.2) (1.4) (2.1) (1.3) (0.6) (0.3) (0.4) (0.7) (0.7) (0.8) (1.2) (0.2) (0.3)
Acquisitions 0 (1,303) 0 0 (62) 0 0 0 0 0 0 0 0 (3) (3) (875) 0 (145) (290) (17) 0 0 (548) 0 0 (7) 11 (87) (179) (72) (72) 0 0 0 0 0 0 0 0 0 0 (0.0) 0.0 (7.7) 0 0 (13.7) 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
Purchases of Investments 0 (1) (4) 0 0 0 0 (3) 0 (4) 0 0 (1) 0 (6) (1) (5) (10) (7) (4) (13) 0 0 (30) (2) (1) (1) (20) 0 (1) 0 0 (2) 0 (1) 0 0 0 0 0 (1) (296.3) (254.3) (254.9) (476.3) (233.3) (129.4) (156.7) (444.5) (326.7) (107.1) 0 0 (27.3) (80.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 (0.6) (0.1) (6.9) 0 0 0 (1.9) (3.7) 0.5 (1.4)
Sales/Maturities of Investments 10 0 1 0 0 3 0 (1) 3 0 0 0 0 0 0 0 0 0 0 0 0 0 6 0 0 0 0 0 10 2 0 2 0 0 0 0 0 0 0 0 0 338.7 248.4 237.0 457.0 196.6 96.5 136.1 411.6 307.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.7 5.5 0 0.5 5.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1) 0 0 0 0 0 0 0 0 (1) (20) 10 70 (72) 2 (2) 0 (1) 0 0 39 0 0 (1) (5.5) (8.3) (7.7) 0 0 0 0 0 0 107.1 0 0 27.3 80.1 0 0 0 0 (88.5) 0 6.9 0 0 0 0 (2.8) 3.4 (0.8) 0 0 0 0 (0.6) 1.1 (1.1) 0 (0.1) 0 (13.1) 0 0 0 0 (0.1) 0.1
Investing Cash Flow (2) (1,334) (22) (17) (82) (15) (17) (14) (11) (43) (14) (18) (17) (27) (29) (893) (19) (177) (310) (36) (23) (18) (558) (50) (15) (25) (4) (122) (184) (17) (87) (13) (20) (14) (15) (9) (13) 11 (14) (16) (20) 34.3 (18.1) (28.1) (22.2) (41.5) (48.8) (22.3) (35.4) (21.2) (3.0) (1.4) (1.8) (2.3) (1.6) (3.1) (2.9) (2.8) (2.9) (89.1) (2.6) 3.4 (3.1) (2.5) (2.2) (16) (3.1) (3.9) (2.6) 3.7 (0.8) (1.5) 4.8 (1.8) (0.3) (2.7) (1.9) (0.8) (7.2) (13.5) (0.7) (0.7) (2.7) (4.9) 0.2 (1.6)
Financing Activities
Net Debt Issuance 149 328 0 0 0 43 0 90 (133) (53) 63 113 72 (138) 0 1,062 105 (1) 0 (100) (156) (326) 345 (181) 121 (244) (199) (21) 146 (311) (111) (143) (95) (332) 53 (160) (80) (147) (90) (65) (80) (0.0) (0.0) (0.0) 0.1 (0.1) (0.0) 0.0 (0.3) 0.1 (0.7) 0.2 0.2 0.2 0.2 (0.2) 0.1 (3.3) (31.9) (15.1) 49.8 0.1 (0.3) 0 0 0 0.4 (0.1) (0.2) 0 0 0 0.1 0 (0.3) 0 0.2 0 (0.1) 0 0 0 0 0 0 0
Stock Repurchased (300) (303) (34) (125) (125) (31) (16) 0 0 0 0 (37) (15) (96) (50) (300) (305) (32) 0 (25) 0 0 0 0 (200) (27) (20) (3) 0 0 2 (4) 0 0 0 (3) (2) (2) 0 (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (55.1) 37.4 0 0 0 0 0 0 0 0 0 (8.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (29) 22 5 (13) 6 (75) 4 (81) 9 30 (20) (49) 13 17 2 (24) (20) 13 (22) (23) (25) 38 19 46 (19) 26 5 (46) 15 1 2 (7) 3 52 (52) 0 2 2 3 (4) 3 0.4 0.6 0.0 0 0 (0.1) (0.1) 0 0 0 0 0 0 (0.2) 0.2 0 52.0 (52.0) 0 0 (0.1) 0.1 (0.0) 0 0.1 (0.1) 0.2 (0.1) 0 0 0.2 0 0.9 (0.9) 0 0 0 0.1 (3.9) (0.1) 0 0 0 0 0
Financing Cash Flow (185) 47 (29) (138) (119) (63) (12) 9 (124) (23) 43 27 70 (217) (48) 738 (220) (20) (22) (148) (181) (288) 364 (135) (98) (245) (214) (67) 161 (310) (109) (150) (92) (280) 1 (160) (78) (145) (87) (67) (77) (67.8) 2.8 3.8 4.6 6.9 3.9 1.3 9.2 3.1 4.1 2.0 5.8 1.1 3.3 1.8 1.6 (0.0) (48.9) (52.6) 52.9 2.5 4.4 2.7 0.4 (6.5) 0.1 0.2 (0.1) 0.7 0.1 0.2 0.1 1.3 (1.5) 0.1 0.5 0.3 0 (3.7) (0.1) 0.4 0.1 0 0 0.2
Cash Position
Net Change in Cash (11) (928) 181 (7) (22) 225 265 284 (11) 77 (7) (17) (24) 36 (17) (59) (187) 25 (31) 129 18 124 5 39 (6) (3) 6 (34) 17 (1) (1) (18) 2 (26) (7) (85) 24 (7) 22 (53) 2 8.4 (5.3) (2.6) (7.9) 3.0 (5.6) 0.8 (7.4) 8.1 5.4 (4.1) (3.0) (6.3) 16.9 (8.5) (17.4) (11.5) (4.8) (93.7) 96.4 18.7 (8.2) 6.7 9.9 (6.5) 0.1 0.2 (0.1) 0.7 (1.8) 0.2 0.1 1.3 (1.5) 0.1 0.5 0.3 4.4 (3.7) (0.1) 0.4 (0.8) 2.5 (0.3) 0
Cash at Beginning 125 1,053 872 879 901 676 411 127 138 61 68 85 117 81 98 157 344 307 339 210 192 68 63 24 30 33 27 61 44 45 46 64 62 88 95 180 156 163 141 194 192 10.1 15.4 18.0 17.3 14.3 19.9 19.1 26.5 18.4 13.0 17.1 20.0 26.3 9.4 17.9 35.3 36.3 41.2 134.9 38.5 19.8 28 0 11.4 0 0 0 7.2 0 0 0 5.2 0 0 0 10 10.4 0 0 0 2.4 0 0 0 1
Cash at End 114 125 1,053 872 879 901 676 411 127 138 61 68 93 117 81 98 157 332 308 339 210 192 68 63 24 30 33 27 61 44 45 46 64 62 88 95 180 156 163 141 194 18.4 10.1 15.4 9.4 17.3 14.3 19.9 19.1 26.5 18.4 13.0 17.1 20.0 26.3 9.4 17.9 24.8 36.3 41.2 134.9 38.5 19.8 6.7 21.3 (6.5) 0.1 0.2 7.1 0.7 (1.8) 0.2 5.3 1.3 (1.5) 0.1 10.5 10.7 4.4 (3.7) (0.1) 2.8 (0.8) 2.5 (0.3) 1
Free Cash Flow 163 327 216 130 158 288 277 278 111 102 (49) (52) (92) 243 47 83 40 212 284 300 214 413 160 227 95 248 211 138 27 309 179 135 98 254 (7) 77 104 99 109 11 76 39.1 6.3 19.2 7.1 32.6 36.4 20.0 15.2 24.5 1.2 (6.2) (9.6) (7.2) 13.8 (0.3) (18.8) (12.2) 45.0 48.4 43.9 10.2 (14.1) 4.8 10.8 6.3 (2.3) 0.8 1.3 (8.8) (1.9) 2.4 (2.3) (0.3) (4.4) 1.8 (1.6) (0.9) 11.3 15.9 5.5 (1.2) 1 6.2 (0.7) 1.1
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 1,495 1,475 1,320 1,293 1,308 1,334 1,255 1,217 1,175 1,009 956 1,214 1,405 1,503 1,378 1,468 1,432 1,467 1,436 1,377 1,347 1,308 1,132 956 1,052 1,192 1,130 1,097 1,066 1,137 1,092 1,012 977 1,026 935 896 865 942 904 879 849 952.8 916 890 893 790.6 303.3 288.4 288.3 284.5 263.5 253.2 236.9 253.2 252.0 247.1 243.9 247.3 253.3 245.5 237.3 248.2 229.8 218.6 212.0 222.5 200.8 187.7 192.6 232.6 244.1 253.8 246.3 233.6 217.2 208.9 208.6 209.9 186.4 187.4 175.8 179.3 175.6 176.6 170.7 174.9 171.2 162.8 154.2 147.2 129.9 126.3 116.0 111.6 112.9 115.1 126.4 128.2 130.0 99.6
Gross Profit 742 658 634 616 645 648 613 589 563 448 427 581 667 685 628 674 637 669 646 658 655 618 493 419 473 544 535 520 501 539 505 472 465 469 429 411 401 432 414 406 390 427.5 414 393 409 336.4 151.5 142.2 147.9 141.0 128.6 120.9 113.1 124.5 126.9 120.4 119.9 121.5 123.6 121.7 120.0 123.6 109.2 99.4 97.8 101.5 91.7 81.7 85.8 110.9 117.8 127.7 122.8 113.3 104.6 99.4 99.8 98.4 87.8 89.5 82.7 89.8 87.5 89.1 87.1 90.9 87.1 84.5 80.6 74.4 66.6 62.6 55.7 51.5 52.3 54.0 60.2 68.7 62.3 51.9
Operating Income 215 222 183 183 195 225 191 167 159 74 (12) 194 225 260 202 (145) 212 223 237 247 272 231 150 119 151 188 185 160 159 179 162 125 144 133 91 58 40 71 (24) 23 10 22.0 25 (14) 20 (24.8) 27.0 33.1 53.4 49.1 46.8 36.2 28.2 44.1 38.8 39.5 42.0 42.1 48.9 46.7 44.4 40.4 40.3 31.9 32.9 27.1 15.2 13.2 14.2 (132.3) 40.7 37.0 39.4 36.9 37.0 34.0 35.3 25.7 (16.3) 37.8 33.2 38.2 38.0 35.4 36.5 46.2 45.1 43.2 40.7 32.3 31.6 28.4 25.0 22.8 21.3 24.7 25.4 36.5 24.9 25.2
Net Income 135 70 101 112 136 163 137 113 115 17 (15) 144 150 186 170 (98) 205 191 199 219 228 199 116 100 89 169 136 124 115 115 127 70 109 4 (12) 17 8 17 (83) (45) (26) (6.5) (29) (77) (25) (51.7) 14.9 27.6 41.6 41.6 38.6 30.6 23.5 35.0 27.1 30.7 30.2 35.0 45.0 33.0 61.6 28.2 26.2 22.7 24.7 17.6 11.1 9.0 9.4 (117.4) 25.8 25.5 27.6 30.8 27.0 25.6 26.7 21.4 (4.3) 27.7 26.1 28.3 28.1 25.4 25.8 32.0 31.3 29.4 27.9 24.4 22.3 20.3 16.5 15.2 14.5 16.9 17.2 22.6 16.6 15.2
EPS (Diluted) 2.67 1.39 1.97 2.19 2.62 3.14 2.64 2.18 2.22 0.33 -0.29 2.78 2.90 3.58 3.26 -1.88 3.84 3.55 3.69 4.07 4.22 3.70 2.16 1.85 1.65 3.10 2.50 2.26 2.12 2.11 2.34 1.29 2.01 0.07 -0.23 0.32 0.16 0.34 -1.61 -0.95 -0.57 -0.13 -0.57 -1.50 -0.50 -1.02 0.29 0.54 0.82 0.82 0.76 0.60 0.46 0.68 0.52 0.59 0.58 0.67 0.84 0.60 1.10 0.51 0.46 0.39 0.42 0.30 0.19 0.15 0.16 -1.95 0.40 0.39 0.42 0.46 0.39 0.37 0.39 0.31 -0.06 0.39 0.37 0.40 0.39 0.35 0.36 0.44 0.43 0.41 0.39 0.34 0.31 0.28 0.24 0.22 0.21 0.24 0.25 0.32 0.24 0.22
Balance Sheet
Cash & Equivalents 114 125 1,053 872 879 901 676 411 127 137 61 68 85 105 81 98 141 332 307 318 177 168 39 63 24 30 33 27 61 44 45 46 64 62 88 95 180 156 163 141 194 41.3 36.0 38.9 44.8 34.7 33.0 9.4 17.3 14.3 19.1 26.5 18.4 13.0 9.4 17.9 35.3 24.8 36.3 41.2 134.9 38.5 19.8 28 21.3 11.4 7.1 9.4 8.4 7.2 9.7 11.6 8.4 5.2 4.8 9.6 8.4 10 9.7 10.4 6 7.1 1.5 2.4 3.3 0.7 1
Total Assets 8,332 8,502 8,067 7,938 7,899 7,968 7,690 7,490 7,259 7,306 7,331 7,456 7,474 7,529 7,448 7,385 6,129 6,215 5,865 5,593 5,411 5,375 5,245 4,607 4,540 4,711 4,708 4,701 4,576 4,339 4,400 4,275 4,249 4,275 4,526 4,445 4,531 4,632 4,698 4,791 4,921 842.0 827.0 830.5 808.7 802.8 1,038.1 777.6 752.7 701.6 639.1 611.3 573.1 543.1 462.5 437.7 435.0 418.9 398.4 431.8 458.1 394.6 375.7 340.9 322.8 310 238.6 226.3 213.2 203.6 188.8 180.9 176.5 163.3 150.1 140.2 135.9 131.1 106.7 95 88.2 85.2 80.7 76.7 70.8 61 58.8
Total Debt 2,809 2,816 2,360 2,360 2,361 2,362 2,371 2,355 2,279 2,414 2,461 2,404 2,445 2,338 2,496 2,510 1,373 1,145 1,111 1,109 1,212 1,404 1,677 1,324 1,492 1,406 1,624 1,821 1,838 1,591 1,900 1,999 2,133 2,227 2,485 2,418 2,573 2,648 2,788 2,873 2,937 0 0 0 0 0 0 0.6 0.5 0.6 1.2 0.9 1.0 0.6 0.7 0.7 0.6 0.7 1.7 35.8 50.9 1.1 0.2 0.2 0.2 11.7 0.2 0.2 0.2 0.3 0.3 0.3 0.2 0.2 2.4 2.4 2.3 0.3 0.3 0.3 0.4 4.4 4.4 4.4 4.4 4.4 0.4
Stockholders' Equity 3,470 3,588 3,747 3,617 3,626 3,586 3,421 3,287 3,169 3,036 3,013 2,992 2,891 2,733 2,657 2,513 2,906 2,984 2,816 2,589 2,411 2,144 1,931 1,803 1,727 1,839 1,694 1,559 1,467 1,335 1,213 1,073 981 834 814 812 795 792 748 831 879 720.7 720.9 712.1 699.4 694.6 932.6 726.4 692.6 651.9 594.7 558.4 534.2 505.0 425.5 405.9 389.1 371.3 351.7 345.4 367.2 349.3 327.7 301.7 282.6 270.9 213.6 201.7 190.3 179.6 166.8 157.4 150.9 140.5 130 121.9 114.7 108.2 90.1 82 76.4 70.4 65.1 60.6 55.4 50.3 46
Cash Flow
Operating Cash Flow 176 357 235 147 178 306 294 288 125 141 (35) (34) (76) 267 67 100 54 233 297 315 224 431 176 247 108 265 225 153 42 325 194 150 116 268 7 86 117 127 123 27 95 41.7 10.3 21.8 10.0 37.4 38.5 21.8 17.8 26.4 4.2 (4.8) (7.8) (4.9) 15.4 2.9 (15.9) (9.4) 47.8 49.0 46.5 13.7 (11) 7.3 13 22.3 0.8 4.7 3.9 (7) (1.1) 4.4 (1.6) 0.9 (3) 3.9 (0.3) (0.3) 11.6 16.3 6.2 (0.5) 1.8 7.4 (0.5) 1.4
Capital Expenditure (13) (30) (19) (17) (20) (18) (17) (10) (14) (39) (14) (18) (16) (24) (20) (17) (14) (21) (13) (15) (10) (18) (16) (20) (13) (17) (14) (15) (15) (16) (15) (15) (18) (14) (14) (9) (13) (28) (14) (16) (19) (2.6) (4.0) (2.6) (2.9) (4.8) (2.1) (1.7) (2.6) (1.9) (3.0) (1.4) (1.8) (2.3) (1.6) (3.1) (2.9) (2.8) (2.9) (0.7) (2.6) (3.5) (3.1) (2.5) (2.2) (16) (3.1) (3.9) (2.6) (1.8) (0.8) (2) (0.7) (1.2) (1.4) (2.1) (1.3) (0.6) (0.3) (0.4) (0.7) (0.7) (0.8) (1.2) (0.2) (0.3)
Free Cash Flow 163 327 216 130 158 288 277 278 111 102 (49) (52) (92) 243 47 83 40 212 284 300 214 413 160 227 95 248 211 138 27 309 179 135 98 254 (7) 77 104 99 109 11 76 39.1 6.3 19.2 7.1 32.6 36.4 20.0 15.2 24.5 1.2 (6.2) (9.6) (7.2) 13.8 (0.3) (18.8) (12.2) 45.0 48.4 43.9 10.2 (14.1) 4.8 10.8 6.3 (2.3) 0.8 1.3 (8.8) (1.9) 2.4 (2.3) (0.3) (4.4) 1.8 (1.6) (0.9) 11.3 15.9 5.5 (1.2) 1 6.2 (0.7) 1.1