LOEWS CORP (L)
Loews Corporation functions as a diversified holding company, with significant business segments spanning insurance, energy infrastructure, hospitality, and manufacturing. Its insurance division delivers commercial property and casualty coverage to clients both within the United States and internationally. This segment offers a comprehensive array of products, including specialized options such as professional and management liability, along with surety and fidelity bonds. Property insurance solutions encompass general property, marine risks, and boiler and machinery protection. For casualty needs, Loews provides workers' compensation, general and product liability, and commercial automobile and umbrella policies. Additionally, the company furnishes supplementary services like loss-sensitive insurance programs, warranty services, risk management consulting, information resources, and claims administration. These insurance offerings are distributed through a network of independent agents, brokers, and managing general underwriters. In the energy sector, the company is actively involved in the transportation and storage of natural gas, natural gas liquids (NGLs), and various other hydrocarbons. Its robust infrastructure includes approximately 13,615 miles of interconnected natural gas pipelines and 450 miles of NGL pipelines, primarily situated in Louisiana and Texas. Storage capabilities consist of 14 underground fields, boasting a total capacity of around 213 billion cubic feet of natural gas, alongside eleven salt dome caverns and related brine systems designed for brine supply services. Further diversifying its operations, Loews also owns and manages a chain of 26 hotels. Moreover, the corporation maintains a strong presence in plastics manufacturing. Here, it designs, produces, and markets a variety of extrusion blow-molded and injection-molded plastic containers. These products cater to diverse customer bases in industries such as pharmaceuticals, dairy, household chemicals, food and nutraceuticals, industrial and specialty chemicals, and the water/beverage/juice sectors. The company also produces both standard and specialized plastic resins, often derived from recycled materials. Loews Corporation was founded in 1969 and its corporate headquarters are located in New York, New York.
Sector: Fire, Marine & Casualty Insurance
Industry: Insurance - Property & Casualty
Loews Corporation
NYSE:LFinancial Services · Insurance - Property & Casualty
-1.47%$112.01
AH Close$112.01+0.00%vs close
AH Close$112.01+0.00%vs close
Mkt Cap$22.9B
Float163.54M
O/S204.43M
Inst Own60.3%
SI2.8%
Div Yield0.22%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$18.18B
Net Income$1.67B
Total Assets$86.35B
Free Cash Flow$2.7B
Debt & Equity
Debt 34%
Equity 66%
Total Debt$9.49B
Total Equity$18.69B
Shares Outstanding
Short Interest
Split History1 split
- 3:1Forward splitMay 9, 20061 share → 3
Balance Sheet Details
Assets$86.35B
Liabilities$66.71B
Accounts Receivable$10.98B
Accounts Payable$53M
Inventory$0
PP&E (Net)$10.7B
Goodwill$349M
Intangible Assets$986M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Revenue | $18.18B | $17.24B | $15.68B | $14.05B | $13.73B | $13.67B | $14.73B | $14.04B | $13.73B | $13.11B | $13.41B | $14.32B | $14.61B | $14.07B | $14.13B | $14.62B | $14.12B | $13.25B | $14.3B | $17.91B | $16.02B | $15.24B | $16.29B | $17.46B | $18.74B | $20.63B | $21.47B | $21.3B | $20.14B | $20.44B | $18.68B | $13.52B | $13.69B | $13.69B | $13.62B | $12.64B | $11.44B | $10.87B | $9.32B | $8.63B |
| YoY Growth | 5.4% | 10.0% | 11.6% | 2.4% | 0.4% | -7.2% | 4.9% | 2.2% | 4.8% | -2.3% | -6.4% | -2.0% | 3.8% | -0.4% | -3.3% | 3.5% | 6.6% | -7.4% | -20.1% | 11.8% | 5.1% | -6.4% | -6.7% | -6.8% | -9.2% | -3.9% | 0.8% | 5.7% | -1.5% | 9.4% | 38.2% | -1.3% | -0.0% | 0.5% | 7.8% | 10.5% | 5.3% | 16.5% | 8.1% | - |
| Cost of Revenue | $10.19B | $9.54B | $8.71B | $8.14B | $7.81B | $7.58B | $7.19B | $6.91B | $6.54B | $6.52B | $6.92B | $6.91B | $7.17B | $7B | $6.67B | $6.15B | $6.71B | $0 | $7.53B | $7.58B | $8.54B | $8.13B | $11.88B | $10.18B | $13.19B | $11.71B | $14.03B | $14.03B | $13.41B | $13.56B | $11.8B | $10.62B | $10.46B | $0 | $10.19B | $9.47B | $8.41B | $0 | $0 | $0 |
| Gross Profit | $7.98B | $7.7B | $6.97B | $5.91B | $5.91B | $6.09B | $7.54B | $7.14B | $7.19B | $6.59B | $6.49B | $7.42B | $7.45B | $7.07B | $7.46B | $8.46B | $7.41B | $13.25B | $6.77B | $10.33B | $7.48B | $7.12B | $4.41B | $7.28B | $5.55B | $8.92B | $7.43B | $7.27B | $6.73B | $6.88B | $6.88B | $2.9B | $3.22B | $13.69B | $3.43B | $3.17B | $3.02B | $10.87B | $9.32B | $8.63B |
| Gross Margin | 43.9% | 44.7% | 44.4% | 42.0% | 43.1% | 44.5% | 51.2% | 50.8% | 52.4% | 50.3% | 48.4% | 51.8% | 50.9% | 50.2% | 52.8% | 57.9% | 52.5% | 100.0% | 47.4% | 57.7% | 46.7% | 46.7% | 27.1% | 41.7% | 29.6% | 43.2% | 34.6% | 34.1% | 33.4% | 33.7% | 36.8% | 21.4% | 23.5% | 100.0% | 25.2% | 25.1% | 26.4% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.55B | $1.39B | $1.22B | $1.19B | $1B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.98B | $4.26B | $3.59B | $3.16B | $2.8B | $1.53B | $1.51B | $1.28B | $1.07B | $1.13B | $992M | $0 | $0 | $0 |
| Other | $5.7B | $5.83B | $4.97B | $4.79B | $3.75B | $7.55B | $6.42B | $6.3B | $5.61B | $5.65B | $6.25B | $5.61B | $5.17B | $5.05B | $3.69B | $4.17B | $4.46B | $12.06B | $2.57B | $5.86B | $5.63B | $5.29B | $5.79B | $5.62B | $6.31B | $5.79B | $2.51B | $1.93B | $1.55B | $1.31B | $1.25B | $1.1B | $1.03B | $148.8M | $163.6M | $171.6M | $130.9M | $10.87B | $9.32B | $8.63B |
| Total Operating Expenses | $5.7B | $5.83B | $4.97B | $4.79B | $3.75B | $7.55B | $6.42B | $6.3B | $5.61B | $5.65B | $6.25B | $5.61B | $5.17B | $5.05B | $5.24B | $5.56B | $5.68B | $13.25B | $3.58B | $5.86B | $5.63B | $5.29B | $5.79B | $5.62B | $6.31B | $5.79B | $6.49B | $6.19B | $5.14B | $4.47B | $4.04B | $2.63B | $2.53B | $1.43B | $1.23B | $1.31B | $1.12B | $10.87B | $9.32B | $8.63B |
| Operating Income (EBIT) | $2.28B | $1.87B | $2B | $1.11B | $2.16B | -$1.46B | $1.12B | $834M | $1.58B | $936M | $244M | $1.81B | $2.28B | $2.02B | $2.23B | $2.9B | $1.73B | $0 | $3.19B | $4.47B | $1.85B | $1.82B | -$1.38B | $1.67B | -$764.5M | $3.14B | $944.2M | $1.08B | $1.59B | $2.41B | $2.84B | $266.1M | $689.36M | $12.26B | $2.2B | $1.86B | $1.9B | $1.36B | $800.8M | $702.7M |
| Operating Margin | 12.6% | 10.9% | 12.7% | 7.9% | 15.7% | -10.7% | 7.6% | 5.9% | 11.5% | 7.1% | 1.8% | 12.6% | 15.6% | 14.4% | 15.8% | 19.9% | 12.3% | - | 22.3% | 25.0% | 11.5% | 12.0% | -8.4% | 9.5% | -4.1% | 15.2% | 4.4% | 5.1% | 7.9% | 11.8% | 15.2% | 2.0% | 5.0% | 89.6% | 16.1% | 14.7% | 16.6% | 12.5% | 8.6% | 8.1% |
| Interest Expense | $437M | $441M | $376M | $378M | $424M | $515M | $591M | $574M | $646M | $536M | $520M | $498M | $425M | $426M | $522M | $517M | $448M | $345M | $318M | $304.1M | $364.2M | $324.1M | $308.4M | $309.6M | $332M | $356.9M | $354.3M | $369.2M | $323.4M | $318M | $282.5M | $174.6M | $162.3M | $148.8M | $163.6M | $171.6M | $130.9M | $127.6M | $140.6M | $101.4M |
| 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 |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $587M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12.67B | -$1.08B | -$999.1M | -$1.06B | -$145.7M | -$180.4M | -$101.4M |
| Income Before Tax (EBT) | $2.28B | $1.87B | $2B | $1.11B | $2.16B | -$1.46B | $1.12B | $834M | $1.58B | $936M | $244M | $1.81B | $2.28B | $2.02B | $2.23B | $2.9B | $1.73B | $587M | $3.19B | $4.47B | $1.85B | $1.82B | -$1.38B | $1.67B | -$764.5M | $3.14B | $944.2M | $1.08B | $1.59B | $2.41B | $2.84B | $266.1M | $689.36M | -$410.8M | $1.12B | $863.7M | $838.6M | $1.22B | $620.4M | $601.3M |
| Income Tax Expense | $511M | $380M | $451M | $223M | $475M | -$173M | $248M | $128M | $170M | $220M | -$43M | $457M | $656M | $513M | $532M | $894M | $345M | $7M | $995M | $1.45B | $490.4M | $533.8M | -$534.1M | $579.8M | -$178.4M | $1.09B | -$305.5M | -$354.5M | -$495.3M | -$791.4M | -$945.3M | $9M | -$46.57M | -$388.7M | $217.5M | $59M | -$68.5M | $325.9M | -$36M | $55.8M |
| Net Income | $1.67B | $1.41B | $1.43B | $822M | $1.56B | -$931M | $932M | $636M | $1.16B | $654M | $260M | $591M | $595M | $568M | $1.06B | $1.29B | $564M | $4.53B | $2.49B | $2.49B | $1.21B | $1.23B | -$597M | $912M | -$553.8M | $1.85B | $363.2M | $464.8M | $793.6M | $1.38B | $1.77B | $267.8M | $594.12M | $122.6M | $904.3M | $804.7M | $907.1M | $908.5M | $696.2M | $545.5M |
| Net Income Margin | 9.2% | 8.2% | 9.1% | 5.9% | 11.4% | -6.8% | 6.3% | 4.5% | 8.5% | 5.0% | 1.9% | 4.1% | 4.1% | 4.0% | 7.5% | 8.8% | 4.0% | 34.2% | 17.4% | 13.9% | 7.6% | 8.1% | -3.7% | 5.2% | -3.0% | 9.0% | 1.7% | 2.2% | 3.9% | 6.8% | 9.5% | 2.0% | 4.3% | 0.9% | 6.6% | 6.4% | 7.9% | 8.4% | 7.5% | 6.3% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 7.97 | 6.42 | 6.30 | 3.39 | 6.02 | -3.32 | 3.08 | 1.99 | 3.46 | 1.93 | 0.76 | 1.58 | 1.53 | 1.44 | 2.69 | 3.08 | 1.30 | 9.05 | 3.66 | 3.75 | 1.72 | 1.88 | -1.28 | 1.64 | -0.96 | 3.10 | 0.56 | 0.68 | 1.15 | 1.99 | 2.50 | 0.37 | 0.77 | 0.15 | 1.10 | 0.92 | 1.01 | 1.00 | 0.75 | 0.56 |
| Diluted EPS | 7.97 | 6.41 | 6.29 | 3.38 | 6.00 | -3.32 | 3.07 | 1.99 | 3.45 | 1.93 | 0.72 | 1.55 | 1.53 | 1.43 | 2.63 | 3.07 | 1.30 | 9.05 | 3.65 | 3.75 | 1.72 | 1.88 | -1.28 | 1.64 | -0.94 | 3.10 | 0.56 | 0.68 | 1.15 | 1.99 | 2.50 | 0.37 | 0.77 | 0.15 | 1.10 | 0.92 | 1.01 | 1.00 | 0.75 | 0.56 |
| Weighted Average OS | 209.10M | 220.26M | 227.48M | 242.83M | 259.67M | 280.32M | 302.70M | 319.06M | 336.61M | 337.95M | 339.90M | 381.92M | 388.64M | 395.12M | 396.20M | 418.72M | 432.81M | 477.23M | 643.22M | 646.05M | 557.10M | 556.50M | 556.35M | 564.93M | 574.47M | 591.69M | 650.51M | 686.90M | 690.09M | 697.18M | 707.22M | 723.78M | 769.09M | 800.37M | 825.41M | 875.55M | 902.00M | 912.45M | 933.34M | 975.08M |
| EBITDA | $3.33B | $2.9B | $2.91B | $2B | $3.1B | -$215M | $2.65B | $2.32B | $3.1B | $2.31B | $1.72B | $3.21B | $3.57B | $3.35B | $3.58B | $4.24B | $2.96B | $1.32B | $3.72B | $4.77B | $2.39B | $2.48B | -$878M | $2.11B | -$373.8M | $3.48B | $1.69B | $1.88B | $2.26B | $3.01B | $3.35B | $601.45M | $297.4M | $159.8M | $118.6M | $146.8M | -$104.6M | $0 | $0 | $0 |
| EBITDA Margin | 18.3% | 16.8% | 18.6% | 14.2% | 22.6% | -1.6% | 18.0% | 16.5% | 22.6% | 17.6% | 12.8% | 22.4% | 24.5% | 23.8% | 25.3% | 29.0% | 21.0% | 10.0% | 26.0% | 26.6% | 14.9% | 16.2% | -5.4% | 12.1% | -2.0% | 16.9% | 7.9% | 8.8% | 11.2% | 14.7% | 17.9% | 4.5% | 2.2% | 1.2% | 0.9% | 1.2% | -0.9% | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $495M | $541M | $399M | $532M | $621M | $478M | $336M | $405M | $472M | $327M | $440M | $364M | $294M | $228M | $129M | $120M | $190M | $131M | $140M | $133.8M | $153.1M | $219.9M | $180.8M | $185.4M | $181.3M | $195.2M | $183.9M | $287.4M | $497.8M | $305.7M | $241.7M | $160.6M | $155.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $8.07B | $7.13B | $5.49B | $42.55B | $49.23B | $49.28B | $46.81B | $43.41B | $46.13B | $45.66B | $44.39B | $46.78B | $47.97B | $48.44B | $45.04B | $7.08B | $7.21B | $6.03B | $8.23B | $12.82B | $9.11B | $8.31B | $11.26B | $10.16B | $6.73B | $9.1B | $7.32B | $7.79B | $8.75B | $8.3B | $7.14B | $8.44B | $8.03B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $8.56B | $7.67B | $5.89B | $43.08B | $49.85B | $49.76B | $47.15B | $43.82B | $46.6B | $45.98B | $44.83B | $47.14B | $48.26B | $48.67B | $45.16B | $7.2B | $7.41B | $6.16B | $8.37B | $12.96B | $9.26B | $8.53B | $11.45B | $10.35B | $6.92B | $9.3B | $7.5B | $8.08B | $9.25B | $8.61B | $7.38B | $8.6B | $8.18B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $10.98B | $10.51B | $9.21B | $9.4B | $8.9B | $7.45B | $7.28B | $7.57B | $7.2B | $7.23B | $7.63B | $7.36B | $8.89B | $8.93B | $8.82B | $10.14B | $10.21B | $11.67B | $11.47B | $13.03B | $15.31B | $18.81B | $20.47B | $16.6B | $19.45B | $15.3B | $13.54B | $13.09B | $13.75B | $13.43B | $13.66B | $8.07B | $7.47B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | -$495.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | -$57.21B | -$54.43B | -$51.38B | -$53.8B | -$53.22B | -$52.46B | -$54.5B | -$57.15B | -$57.6B | -$53.98B | -$17.34B | -$17.62B | -$17.84B | -$19.84B | -$25.98B | -$24.57B | -$27.33B | -$31.91B | -$26.95B | -$26.37B | -$24.6B | -$21.04B | -$21.17B | -$23.01B | -$22.04B | -$21.53B | -$16.84B | -$15.66B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $19.54B | $18.18B | $15.1B | $52.49B | $58.75B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $10.7B | $10.74B | $10.72B | $10.03B | $9.89B | $10.45B | $15.57B | $15.51B | $15.43B | $15.23B | $15.48B | $15.61B | $13.52B | $13.94B | $13.62B | $12.64B | $13.27B | $12.89B | $10.22B | $5.5B | $4.95B | $4.84B | $3.88B | $3.13B | $3.08B | $3.21B | $2.95B | $2.85B | $2.59B | $2.23B | $1.44B | $1.09B | $1.04B | $1B | $593.8M | $606.5M | $607.4M | $0 | $0 | $0 |
| Goodwill | $349M | $347M | $347M | $346M | $349M | $785M | $767M | $665M | $659M | $346M | $351M | $374M | $357M | $996M | $908M | $856M | $856M | $856M | $0 | $0 | $0 | $0 | $311.4M | $177.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $986M | $959M | $151M | $917M | $109M | $610M | $647M | $611M | $638M | $142M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $875M | $1.35B | $298.9M | $297.4M | $294.1M | $0 | $177.8M | $318.6M | $378.7M | $409.5M | $489.4M | $751.4M | $562.4M | $481.8M | $92.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $47.31B | $44.01B | $48.25B | $4.22B | $52.85B | $52.68B | $50.18B | $47.28B | $51.28B | $50.03B | $48.58B | $51.3B | $52.38B | $52.59B | $48.78B | $45.98B | $44.04B | $36.67B | $44.24B | $51.7B | $43.59B | $42.47B | $40.93B | $38.72B | $39.57B | $39.03B | $39.27B | $41.58B | $40.64B | $38.92B | $38.82B | $30.73B | $26.92B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $591M | $0 | $0 | $256M | $620.9M | $905.3M | $0 | $0 | $627.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31.72B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $7.47B | $7.71B | $4.63B | $7.57B | -$40.32B | -$64.53B | -$67.16B | -$64.07B | -$68B | -$65.75B | -$64.4B | -$67.29B | -$66.26B | -$67.52B | -$63.31B | -$59.47B | -$58.17B | -$50.42B | -$55.81B | -$57.5B | -$48.84B | -$47.61B | -$45.13B | -$42.02B | -$42.97B | -$42.61B | -$42.63B | -$44.92B | -$43.98B | -$41.71B | -$40.74B | -$31.91B | -$27.96B | -$1B | -$593.8M | -$606.5M | -$607.4M | $0 | $0 | $0 |
| Total Long-Term Assets | $66.81B | $63.76B | $64.1B | $23.08B | $22.88B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 Assets | $0 | $0 | $0 | $0 | $0 | $80.24B | $82.24B | $78.32B | $79.59B | $76.59B | $76.01B | $78.37B | $79.94B | $80.02B | $75.27B | $76.28B | $74.07B | $69.87B | $76.11B | $76.88B | $70.68B | $73.75B | $77.67B | $70.52B | $74.73B | $71.59B | $69.46B | $70.98B | $69.98B | $67.4B | $65.52B | $50.34B | $45.85B | $40.49B | $39.2B | $34.74B | $32.45B | $25.83B | $22.21B | $19.02B |
| Total Assets | $86.35B | $81.94B | $79.2B | $75.57B | $81.63B | $80.24B | $82.24B | $78.32B | $79.59B | $76.59B | $76.01B | $78.37B | $79.94B | $80.02B | $75.27B | $76.28B | $74.07B | $69.87B | $76.11B | $76.88B | $70.68B | $73.75B | $77.67B | $70.52B | $74.73B | $71.59B | $69.46B | $70.98B | $69.98B | $67.4B | $65.52B | $50.34B | $45.85B | $40.49B | $39.2B | $34.74B | $32.45B | $25.83B | $22.21B | $19.02B |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $53M | $110M | $79M | $133M | $90M | $92M | $108M | $42M | $60M | $150M | $567M | $673M | $134M | $205M | $162M | $685M | $540M | $316M | $401M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $1.05B | $5M | $1.08B | $854M | $93M | $37M | $77M | $17M | $280M | $110M | $1.04B | $335M | $819M | $19M | $88M | $647M | $10M | $71M | $358M | $4.6M | $598.2M | $1.01B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2M | $401.4M | $202.3M | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $7.63B | $7.35B | $0 | $6.37B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $31.58B | $30.06B | $0 | $27.08B | $0 | -$129M | -$185M | -$59M | -$340M | -$260M | -$1.61B | -$1.01B | -$953M | -$224M | -$250M | -$1.33B | -$550M | -$1.07B | -$1.34B | -$1.59B | -$2.64B | -$4.65B | -$5.58B | -$3.56B | -$4.09B | -$971.4M | -$516.6M | -$1.16B | -$1.56B | -$966.4M | -$2.22B | -$1.15B | -$914.89M | $0 | -$2M | -$401.4M | -$202.3M | $0 | $0 | $0 |
| Total Current Liabilities | $40.32B | $37.52B | $1.16B | $34.44B | $183M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $8.44B | $8.94B | $7.92B | $8.16B | $8.99B | $10.07B | $11.46B | $11.36B | $11.25B | $10.67B | $9.52B | $10.33B | $9.53B | $9.19B | $8.91B | $8.83B | $9.47B | $8.19B | $6.9B | $5.57B | $4.61B | $5.98B | $5.82B | $5.65B | $5.92B | $6.04B | $5.71B | $5.97B | $5.75B | $4.37B | $4.25B | $2.14B | $2.2B | $1.76B | $1.94B | $2.25B | $2.23B | $1.41B | $1.45B | $1.27B |
| Long-Term Unearned Revenue | $4.14B | $4.53B | $4.69B | $4.71B | $4.5B | $4.02B | $3.78B | $3.4B | $972M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 Deferred Tax Liabilities | $839M | $550M | $398M | $243M | $1.08B | $1.06B | $1.17B | $841M | $749M | $636M | $382M | $893M | $716M | $840M | $0 | $0 | $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 Long-Term Liabilities | $12.98B | $12.47B | $48.5B | $12.81B | $47.7B | -$15.16B | -$16.4B | -$15.6B | -$12.97B | -$11.3B | -$9.9B | -$11.23B | -$10.24B | -$10.03B | -$9.54B | -$8.83B | -$9.47B | -$8.19B | -$6.9B | -$5.57B | -$4.61B | -$5.98B | -$5.82B | -$5.65B | -$5.92B | -$6.04B | -$5.71B | -$5.97B | -$5.75B | -$4.37B | -$4.25B | -$2.14B | -$2.2B | -$1.76B | -$1.94B | -$2.25B | -$2.23B | -$1.41B | -$1.45B | -$1.27B |
| Total Long-Term Liabilities | $26.39B | $26.49B | $61.51B | $25.93B | $62.27B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 Liabilities | $0 | $0 | $0 | $0 | $0 | $61.05B | $60.31B | $56.93B | $55.02B | $53.23B | $53.2B | $53.72B | $55.03B | $55.34B | $52.06B | $53.17B | $52.98B | $52.73B | $58.52B | $57.48B | $55.52B | $59.88B | $66.82B | $57.39B | $63.61B | $58.41B | $57.14B | $58.3B | $57.85B | $56.79B | $55.94B | $44.09B | $38.69B | $34.03B | $32.54B | $28.81B | $26.8B | $21.8B | $18.96B | $16.11B |
| Total Liabilities | $66.71B | $64.01B | $62.67B | $60.37B | $62.45B | $61.05B | $60.31B | $56.93B | $55.02B | $53.23B | $53.2B | $53.72B | $55.03B | $55.34B | $52.06B | $53.17B | $52.98B | $52.73B | $58.52B | $57.48B | $55.52B | $59.88B | $66.82B | $57.39B | $63.61B | $58.41B | $57.14B | $58.3B | $57.85B | $56.79B | $55.94B | $44.09B | $38.69B | $34.03B | $32.54B | $28.81B | $26.8B | $21.8B | $18.96B | $16.11B |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4M | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $0 | $6.5M | $186.6M | $185.6M | $185.4M | $185.8M | $191.5M | $98.6M | $104.5M | $112.6M | $115M | $115M | $117.8M | $58.97M | $61.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $17.38B | $16.46B | $15.62B | $14.93B | $14.78B | $14.15B | $15.82B | $15.77B | $16.1B | $15.2B | $14.73B | $15.52B | $15.51B | $15.19B | $14.89B | $14.56B | $13.69B | $13.38B | $13.69B | $12.1B | $10.36B | $9.62B | $8.6B | $9.4B | $8.99B | $10.19B | $8.71B | $9.03B | $8.9B | $8.22B | $7.16B | $5.47B | $5.48B | $5.27B | $5.46B | $4.86B | $4.58B | $3.82B | $3.32B | $2.7B |
| Comprehensive Income & Other | -$1.07B | -$1.87B | -$2.5B | -$3.32B | $186M | $581M | -$68M | -$880M | -$26M | -$223M | -$357M | $280M | $339M | $678M | $384M | $230M | -$419M | -$3.59B | -$65M | $386.7M | $311.1M | $586.9M | $760.2M | $538.3M | $194.7M | $756.7M | $1.02B | $892.8M | $488.9M | $233.6M | $793.1M | -$342.7M | -$28.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.31B | $605M | $85M | -$584M | $3.07B | $3.71B | $3.29B | $2.74B | $3.1B | $2.96B | $2.83B | $3.76B | $3.95B | $4.26B | $3.88B | $3.88B | $3.2B | -$253M | $3.9B | $4.4B | $2.54B | $2.38B | $2.07B | $1.41B | $462.9M | $678.9M | $1.17B | $1.06B | $654.7M | $399.4M | $963.1M | -$123.53M | $588.97M | $260M | $203.1M | $180.4M | $232.3M | $203.6M | -$64.9M | $217.4M |
| Total Equity | $18.69B | $17.07B | $15.7B | $14.35B | $17.85B | $17.86B | $19.12B | $18.52B | $19.2B | $18.16B | $17.56B | $19.28B | $19.46B | $19.46B | $18.77B | $18.45B | $16.9B | $13.13B | $17.59B | $16.5B | $13.09B | $12.18B | $10.86B | $11B | $9.65B | $10.97B | $9.98B | $10.2B | $9.67B | $8.73B | $8.24B | $5.41B | $6.13B | $5.53B | $5.67B | $5.04B | $4.81B | $4.03B | $3.25B | $2.92B |
| Minority Interest | $955M | $871M | $821M | $852M | $1.33B | $1.32B | $2.81B | $2.87B | $5.36B | $5.2B | $5.25B | $5.37B | $5.45B | $5.22B | $4.43B | $4.66B | $4.19B | $4B | $3.9B | $2.9B | $2.06B | $1.68B | $1.67B | $1.9B | $1.97B | $2.21B | $2.35B | $2.48B | $2.39B | $1.88B | $1.34B | $844.76M | $1.03B | $933.8M | $991.1M | $887.2M | $835.9M | $0 | $0 | $0 |
| Total Liabilities and Equity | $85.39B | $81.07B | $78.38B | $74.72B | $80.3B | $78.92B | $79.43B | $75.45B | $74.22B | $71.4B | $70.76B | $73B | $74.49B | $74.8B | $70.84B | $71.62B | $69.88B | $65.86B | $76.11B | $73.98B | $68.62B | $72.07B | $77.67B | $68.38B | $73.26B | $69.38B | $67.11B | $68.5B | $67.52B | $65.52B | $64.18B | $49.49B | $44.82B | $39.56B | $38.2B | $33.85B | $31.62B | $25.83B | $22.21B | $19.02B |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $9.49B | $8.94B | $9B | $9.02B | $9.08B | $10.11B | $11.53B | $11.38B | $11.53B | $10.78B | $10.56B | $10.67B | $10.34B | $9.21B | $9B | $9.48B | $9.48B | $8.26B | $7.26B | $5.57B | $5.21B | $6.99B | $5.82B | $5.65B | $5.92B | $6.04B | $5.71B | $5.97B | $5.75B | $4.37B | $4.25B | $2.14B | $2.2B | $1.76B | $1.95B | $2.65B | $2.44B | $1.41B | $1.45B | $1.27B |
| Net Debt | $8.99B | $8.4B | $8.6B | $8.49B | $8.46B | $9.63B | $11.2B | $10.97B | $11.06B | $10.45B | $10.12B | $10.3B | $10.05B | $8.98B | $8.87B | $9.36B | $9.29B | $8.13B | $7.12B | $5.44B | $5.05B | $6.77B | $5.64B | $5.47B | $5.74B | $5.84B | $5.52B | $5.68B | $5.25B | $4.07B | $4.01B | $1.98B | $2.04B | $1.76B | $1.95B | $2.65B | $2.44B | $1.41B | $1.45B | $1.27B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | $1.77B | $1.49B | $1.54B | $891M | $1.69B | -$1.29B | $871M | $706M | $1.41B | $716M | $287M | $962M | $595M | $1.11B | $1.69B | $2.01B | $1.39B | -$182M | $1.59B | $2.52B | $1.19B | $1.23B | -$667.4M | $912M | -$589.1M | $1.85B | $363.2M | $464.8M | $793.6M | $1.38B | $1.77B | $267.8M | $594.1M | -$22.1M | $904.3M | $804.7M | $907.1M |
| Depreciation & Amortization | $610M | $583M | $538M | $509M | $515M | $734M | $943M | $912M | $874M | $841M | $955M | $899M | $871M | $905M | $833M | $816M | $784M | $393M | $205M | -$8M | $174.5M | $329.3M | $192M | $139M | $58.7M | -$13.9M | $395.3M | $437M | $341.7M | $285M | $225.8M | $160.7M | $135.1M | $11M | -$45M | -$24.8M | -$235.5M |
| Deferred Income Tax | $112M | -$45M | $127M | -$50M | $209M | -$235M | $70M | $86M | -$47M | $102M | -$225M | $11M | $6M | -$22M | $268M | $0 | $0 | $0 | -$43M | $254.5M | -$109.6M | $52.7M | $179.9M | -$7.3M | $76.4M | $515.3M | $153.5M | $51.8M | $59.3M | $474.9M | $302.3M | -$112.07M | -$181.6M | -$382.7M | -$220.2M | -$241.2M | -$301.7M |
| Stock-Based Compensation | $0 | $0 | $36M | $0 | $0 | $0 | $0 | $35M | $0 | $0 | $14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | -$408M | -$929M | -$268M | -$316M | -$1.41B | -$425M | $114M | -$131M | $93M | $24M | $120M | $738M | $87M | $327M | $0 | $0 | $0 | $0 | $2.94B | $1.25B | $3.54B | -$627.1M | -$4.25B | $1B | $817.4M | -$16.55M | $13.1M | -$799.5M | $692.2M | -$130.5M | -$205.9M | -$605.7M | $648.16M | -$295.8M | $297M | -$584.3M | -$617M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.27B | $0 | $0 | -$7.2M | -$3.7B | $0 | $0 | -$17.02B | $0 | -$14B | $0 | -$10.15B | -$10.68B | $42.17B | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$575M | -$708.6M | -$2.27B | $824.7M | $7.24B | -$201.9M | $1.4B | -$1.46B | $397.7M | $187.9M | -$410.3M | $1.01B | $290.3M | $78.8M | $403M | -$28.3M | $1.64B | $48.1M | -$1.5M |
| Other Working Capital | $1.19B | $2.01B | $1.98B | $1.88B | $2.33B | $810M | -$325M | $1.97B | $125M | -$344M | $1.15B | -$453M | $384M | $9M | $1.06B | -$2.84B | $797M | -$253M | -$1.34B | -$1.99B | $748.3M | $602.9M | $3.96B | $636.8M | $2.2B | $15.82B | -$1.05B | $12.83B | -$1.3B | $10.06B | $10.57B | -$42.79B | -$92.14M | -$358.2M | $1.94B | -$599.7M | -$717.7M |
| Total Working Capital Change | $781M | $1.08B | $1.71B | $1.57B | $926M | $385M | -$211M | $1.84B | $218M | -$320M | $1.27B | $285M | $471M | $336M | $1.06B | -$2.84B | $797M | -$253M | $2.29B | -$1.45B | $2.01B | $793.3M | $3.24B | $1.44B | $4.41B | -$2.68B | -$643.1M | -$1.78B | -$1.02B | $789M | -$26.7M | -$1.14B | $959.02M | -$682.3M | $3.88B | -$1.14B | -$1.34B |
| Other Non-Cash Items | $4M | -$87M | -$47M | $396M | -$712M | $2.15B | $68M | $640M | $133M | $914M | $1.25B | $833M | $153M | $525M | $114M | -$411M | $1.63B | $3.41B | $1.63B | $399.5M | $99.8M | $414.5M | -$164M | -$690.4M | -$3.42B | -$108M | -$2.34B | $594.4M | $68.6M | -$1.99B | -$971.2M | $2.33B | $154.08M | $2.76B | -$1.8B | $2.91B | $2.87B |
| Net Cash from Operating | $3.28B | $3.02B | $3.91B | $3.31B | $2.62B | $1.75B | $1.74B | $4.22B | $2.59B | $2.25B | $3.55B | $2.99B | $2.1B | $2.85B | $3.96B | $43M | $4.59B | $3.37B | $5.67B | $1.71B | $3.37B | $2.82B | $2.78B | $1.79B | $539M | -$438.8M | -$2.07B | -$236.2M | $243.8M | $943.7M | $1.3B | $1.5B | $1.66B | $1.69B | $2.72B | $2.31B | $1.91B |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$579M | -$632M | -$686M | -$660M | -$482M | -$710M | -$1.04B | -$995M | -$1.03B | -$1.45B | -$1.55B | -$2.75B | -$1.74B | -$1.41B | -$857M | -$917M | -$2.53B | -$4B | -$2.3B | -$934.6M | -$477.8M | -$267M | -$446.4M | -$514.4M | -$502.5M | -$667.2M | -$708.2M | -$644M | -$702.4M | -$545.5M | -$257.9M | -$209.09M | -$159.5M | -$123.7M | -$90.2M | -$103.5M | -$174.8M |
| Acquisitions | -$344M | -$214M | -$603M | -$150M | $364M | -$58M | $427M | -$37M | -$1.14B | $223M | -$138M | $434M | -$235M | -$911M | -$486M | $881M | $85M | $0 | -$3.99B | $24M | $57.3M | -$1.11B | -$803.3M | $28.2M | $278.4M | $0 | $0 | $0 | $9.9M | $0 | $16.5M | $97.74M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$8.63B | -$6.83B | -$6.99B | -$10.14B | -$9.75B | -$10.72B | -$8.66B | -$11.38B | -$9.06B | -$9.83B | -$8.68B | -$9.38B | -$11.38B | -$10.54B | -$12.24B | -$17.39B | -$26.08B | -$48.93B | -$77.15B | -$66.32B | -$81.86B | -$77.94B | -$73.38B | -$85.96B | -$76.44B | -$63.49B | -$60.11B | -$71.21B | -$48.77B | -$44.61B | -$30.75B | -$36.14B | -$46.1B | -$33.71B | -$38.53B | -$27.58B | -$15.44B |
| Sales of Investments | $6.81B | $5.71B | $5.91B | $8.78B | $8.9B | $10.45B | $9.05B | $10.87B | $9.08B | $9.04B | $8.61B | $10.29B | $10.24B | $9.91B | $12.29B | $18.09B | $23.6B | $49B | $76.37B | $61.72B | $80.39B | $74.16B | $71.33B | $85.74B | $77.37B | $65.51B | $62.5B | $71.82B | $48.57B | $44.77B | $32.26B | $30.94B | $44.56B | $34.72B | $34.79B | $25.47B | $14.35B |
| Other Investing Activities | -$82M | -$14M | -$378M | -$171M | -$220M | -$371M | -$449M | $103M | -$499M | -$169M | -$172M | -$63M | -$194M | -$142M | -$605M | -$83M | $61M | $710M | $252M | $2.87B | $113.3M | $1.18B | $427.3M | -$1.23B | -$643.1M | -$366.8M | $1.36B | $426.8M | -$395.5M | -$171.4M | -$3.52B | $4.14B | $22.63M | -$2.06B | $1.78B | $324.3M | -$1.08B |
| Net Cash from Investing | -$2.83B | -$1.98B | -$2.75B | -$2.35B | -$1.19B | -$1.41B | -$671M | -$1.44B | -$2.65B | -$2.19B | -$1.94B | -$1.47B | -$3.3B | -$3.1B | -$1.9B | $574M | -$4.86B | -$3.21B | -$6.82B | -$2.64B | -$1.77B | -$3.98B | -$2.87B | -$1.93B | $64M | $989.6M | $3.04B | $392.6M | -$1.28B | -$562.2M | -$2.25B | -$1.17B | -$1.68B | -$1.17B | -$2.06B | -$1.89B | -$2.35B |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | -$532M | $72M | $100M | $67M | -$6M | -$933M | -$120M | $178M | -$656M | -$196M | $101M | $265M | -$1.76B | -$242M | $511M | $14M | -$1.23B | -$1B | -$2.14B | -$366.7M | $1.82B | -$1.14B | $101.1M | $287.9M | $138.1M | -$310.3M | $253M | -$211.9M | -$1.39B | -$41.7M | -$1.33B | $54M | -$436.75M | $209.2M | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7M | $6M | $5M | $13M | $4M | $8M | $188M | $4M | $8M | $2.07B | $703.9M | $287.8M | $399.7M | $1.07B | $49.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$806M | -$608M | -$849M | -$729M | -$1.14B | -$923M | -$1.05B | -$2.53B | -$216M | -$134M | -$1.26B | -$622M | -$228M | -$212M | -$732M | -$405M | -$336M | -$33M | -$672M | -$509.8M | $0 | -$18.1M | -$17.9M | -$394.2M | -$320M | -$583.6M | -$601.6M | -$409.1M | $0 | -$215.7M | -$6M | -$225.1M | -$336.3M | -$238.2M | -$264.2M | -$466.7M | -$81.6M |
| Dividends Paid | -$52M | -$55M | -$57M | -$61M | -$65M | -$70M | -$76M | -$80M | -$84M | -$84M | -$90M | -$95M | -$97M | -$99M | -$101M | -$105M | -$108M | -$219M | -$331M | -$307.7M | -$239.9M | -$216.8M | -$218.2M | -$197M | -$144M | -$133.2M | -$149M | -$155.3M | -$115M | -$116.2M | -$73.8M | -$60.2M | -$64.29M | -$65.8M | -$68.9M | -$73.2M | -$75.2M |
| Other Financing Activities | -$187M | -$163M | -$294M | -$180M | -$94M | -$138M | -$137M | -$47M | -$155M | -$144M | -$69M | -$460M | -$165M | $392M | -$713M | -$172M | -$649M | -$928M | -$17M | -$706.7M | -$269M | $15.3M | $22.2M | -$43.6M | -$64.3M | -$133M | -$71M | -$14.3M | -$34.3M | -$29.6M | -$11.6M | $10.4M | $29.34M | $0 | $93.7M | -$59.7M | $421.1M |
| Net Cash from Financing | -$513M | -$898M | -$1.3B | -$1.04B | -$1.29B | -$198M | -$1.14B | -$2.83B | $201M | -$166M | -$1.52B | -$1.44B | $1.27B | $336M | -$2.05B | -$688M | $321M | -$173M | $1.13B | $914M | -$1.64B | $1.2B | $84.7M | $147.4M | -$616.8M | -$539.5M | -$1.07B | -$366.8M | $1.23B | -$317.5M | $1.03B | -$328.9M | $65.5M | -$513.2M | -$638.8M | -$400.5M | $464.7M |
| Forex Effect | $16M | -$10M | $5M | -$19M | -$4M | $9M | $5M | -$10M | $9M | -$13M | -$11M | -$8M | -$3M | $4M | $0 | $1M | $10M | -$13M | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15M | -$516.6M | -$657.5M | -$420.3M | $441.4M |
| Net Change in Cash | -$46M | $142M | -$133M | -$89M | $143M | $142M | -$69M | -$67M | $145M | -$113M | $76M | $70M | $66M | $99M | $9M | -$70M | $59M | -$29M | -$14M | -$8M | -$52M | $39.1M | -$3.1M | $4.1M | -$13.8M | $11.3M | -$103.5M | -$210.4M | $192.1M | $64M | $81.1M | $4.9M | $65.5M | -$513.2M | -$638.8M | -$400.5M | $464.7M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $3.28B | $3.02B | $3.91B | $3.31B | $2.62B | $1.75B | $1.74B | $4.22B | $2.59B | $2.25B | $3.55B | $2.99B | $2.1B | $2.85B | $3.96B | $43M | $4.59B | $3.37B | $5.67B | $1.71B | $3.37B | $2.82B | $2.78B | $1.79B | $539M | -$438.8M | -$2.07B | -$236.2M | $243.8M | $943.7M | $1.3B | $1.5B | $1.66B | $1.69B | $2.72B | $2.31B | $1.91B |
| Capital Expenditure | -$579M | -$632M | -$686M | -$660M | -$482M | -$710M | -$1.04B | -$995M | -$1.03B | -$1.45B | -$1.55B | -$2.75B | -$1.74B | -$1.41B | -$1.33B | -$917M | -$2.53B | -$4B | -$2.25B | -$934.6M | -$477.8M | -$267M | -$446.4M | -$514.4M | -$502.5M | -$667.2M | -$708.2M | -$644M | -$702.4M | -$545.5M | -$257.9M | -$209.09M | -$159.5M | -$123.7M | -$90.2M | -$103.5M | -$174.8M |
| Free Cash Flow | $2.7B | $2.39B | $3.22B | $2.65B | $2.14B | $1.03B | $700M | $3.23B | $1.56B | $803M | $1.99B | $237M | $359M | $1.45B | $2.63B | -$874M | $2.06B | -$626M | $3.37B | $780.1M | $2.89B | $2.55B | $2.34B | $1.27B | $36.4M | -$1.11B | -$2.78B | -$880.2M | -$458.6M | $398.2M | $1.04B | $1.29B | $1.5B | $1.56B | $2.63B | $2.21B | $1.73B |
| Cash at Beginning | $541M | $399M | $532M | $621M | $478M | $336M | $405M | $472M | $327M | $440M | $364M | $294M | $228M | $129M | $120M | $190M | $131M | $160M | $174M | $182M | $234M | $180.8M | $183.9M | $181.3M | $195.2M | $183.9M | $287.4M | $497.8M | $305.7M | $241.7M | $160.6M | $155.7M | $105.3M | $101.8M | $83M | $63.3M | $40M |
| Cash at End | $495M | $541M | $399M | $532M | $621M | $478M | $336M | $405M | $472M | $327M | $440M | $364M | $294M | $228M | $129M | $120M | $190M | $131M | $160M | $174M | $182M | $219.9M | $180.8M | $185.4M | $181.3M | $195.2M | $183.9M | $287.4M | $497.8M | $305.7M | $241.7M | $160.56M | $170.8M | -$411.4M | -$555.8M | -$337.2M | $504.7M |