LINCOLN NATIONAL CORP (LNC-PD)
Lincoln National Corporation (LNC) stands as a prominent U.S. financial services company that, through its various subsidiaries, delivers a comprehensive array of insurance and retirement solutions. Its business activities are structured into four core segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment provides clients with a choice of fixed, variable, and indexed variable annuity products. The Retirement Plan Services division primarily caters to employers within the defined contribution retirement plan marketplace, offering extensive retirement plan products such as individual and group variable annuities, group fixed annuities, and mutual fund-based programs. This segment also delivers critical administrative services, including plan recordkeeping, compliance testing, participant education, and trust and custodial functions. Lincoln's Life Insurance segment features a diverse array of life insurance products, encompassing term insurance, various forms of universal life insurance (including single and survivorship versions), variable universal life, and indexed universal life insurance. It further provides optional riders for critical illness and long-term care. The Group Protection segment specializes in non-medical group insurance benefits for employers, covering short-term and long-term disability, statutory disability and paid family medical leave administration, absence management services, term life, dental, vision, accident, and critical illness. These plans are available through both employer-funded and employee-contributory models. The company's offerings are distributed through an extensive network of consultants, brokers, financial planners, agents, advisors, third-party administrators, and other intermediaries. Established in 1905, Lincoln National Corporation maintains its headquarters in Radnor, Pennsylvania.
Sector: Life Insurance
Industry: Insurance - Life
Lincoln National Corporation
Mkt Cap$7.63B
Float13.15M
O/S190.42M
Inst Own-
Dilution
Financials Summary
Revenue$18.21B
Net Income$1.18B
Total Assets$417.2B
Free Cash Flow-$167M
Debt & Equity
Debt 35%
Equity 60%
Preferred 5%
Total Debt$6.43B
Total Equity$10.91B
Preferred Stock$986M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LNC-PD's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$417.2B
Liabilities$406.3B
Accounts Receivable$29.13B
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$1.14B
Intangible Assets$12.83B
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 | $18.21B | $17.99B | $11.71B | $18.93B | $17.61B | $17.58B | $17.25B | $16.42B | $14.26B | $13.33B | $13.57B | $13.59B | $11.96B | $11.54B | $10.64B | $10.41B | $8.5B | $9.22B | $10.47B | $8.96B | $5.47B | $5.37B | $5.28B | $4.64B | $6.38B | $6.85B | $6.8B | $6.09B | $4.9B | $4.73B | $6.63B | $6.98B | $8.29B | $8.03B | $9.17B | $8.49B | $8.08B | $7.31B | $6.96B | $6B |
| YoY Growth | 1.2% | 53.6% | -38.1% | 7.5% | 0.1% | 1.9% | 5.1% | 15.2% | 7.0% | -1.7% | -0.2% | 13.6% | 3.7% | 8.4% | 2.2% | 22.5% | -7.9% | -11.9% | 16.9% | 63.7% | 1.9% | 1.7% | 14.0% | -27.3% | -6.9% | 0.6% | 11.8% | 24.3% | 3.5% | -28.6% | -5.0% | -15.7% | 3.2% | -12.4% | 8.0% | 5.1% | 10.5% | 5.1% | 16.0% | - |
| Cost of Revenue | $7.77B | $13.39B | $11.66B | $16.5B | $13.71B | $14.12B | $13.15B | $11.72B | $9.82B | $9.51B | $9.83B | $9.28B | $8.08B | $7.74B | $7.31B | $7.28B | $8.09B | $8.7B | $8.28B | $6.96B | $4.31B | $4.24B | $4.14B | $4.54B | $4.27B | $5.88B | $6.1B | $5.27B | $4.77B | $4.14B | $5.93B | $6.56B | $2.03B | $1.86B | $2.02B | $1.87B | $1.74B | $0 | $0 | $0 |
| Gross Profit | $10.44B | $4.6B | $50M | $2.43B | $3.9B | $3.46B | $4.11B | $4.7B | $4.43B | $3.82B | $3.74B | $4.31B | $3.88B | $3.79B | $3.33B | $3.14B | $406M | $525M | $2.19B | $2B | $1.16B | $1.14B | $1.14B | $98.78M | $2.11B | $971.42M | $703.66M | $814.45M | $127.41M | $588.78M | $699.09M | $425.8M | $6.26B | $6.18B | $7.15B | $6.62B | $6.34B | $7.31B | $6.96B | $6B |
| Gross Margin | 57.3% | 25.5% | 0.4% | 12.9% | 22.2% | 19.7% | 23.8% | 28.6% | 31.1% | 28.6% | 27.5% | 31.7% | 32.5% | 32.9% | 31.3% | 30.1% | 4.8% | 5.7% | 20.9% | 22.3% | 21.2% | 21.2% | 21.6% | 2.1% | 33.1% | 14.2% | 10.3% | 13.4% | 2.6% | 12.4% | 10.5% | 6.1% | 75.5% | 76.9% | 78.0% | 78.0% | 78.5% | 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 | $2.74B | $2.54B | $2.41B | $2.25B | $2.07B | $2.21B | $1.95B | $1.77B | $1.69B | $1.73B | $1.7B | $1.69B | $1.63B | $1.49B | $1.47B | $0 | $0 | $0 | $0 | $914.1M | $897.4M | $894.4M | $867.8M | $1.11B | $1.15B | $1.16B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $9.11B | -$2.16B | -$1.34B | -$1.7B | -$3B | $964M | $976M | $858M | $1.54B | $671M | $577M | $615M | $559M | $592M | $1.34B | $534M | $927M | $662M | $320M | $224M | -$827.1M | -$796.94M | -$799.3M | -$3.63B | -$3.25B | -$4.57B | -$1.02B | $117.05M | $92.52M | $84.72M | $72.52M | $49.52M | $44.3M | $53.8M | $71.2M | $72.3M | $86M | $66.2M | $58.1M | $37.8M |
| Total Operating Expenses | $9.11B | $574M | $1.2B | $709M | -$743M | $3.04B | $3.19B | $2.81B | $3.3B | $2.36B | $2.31B | $2.31B | $2.25B | $2.22B | $2.83B | $2B | $927M | $662M | $320M | $224M | $87M | $100.46M | $95.1M | -$2.76B | -$2.14B | -$3.42B | $133.7M | $117.05M | $92.52M | $84.72M | $72.52M | $49.52M | $44.3M | $53.8M | $71.2M | $72.3M | $86M | $66.2M | $58.1M | $37.8M |
| Operating Income (EBIT) | $1.34B | $4.02B | -$1.15B | $1.73B | $4.64B | $423M | $919M | $1.89B | $1.13B | $1.46B | $1.43B | $2B | $1.63B | $1.57B | $503M | $1.14B | -$521M | -$137M | $1.87B | $1.78B | $1.07B | $1.04B | $1.05B | $2.86B | $4.24B | $4.39B | $569.96M | $697.4M | $34.88M | $504.06M | $626.58M | $376.28M | $6.22B | $6.13B | $7.08B | $6.55B | $6.26B | $7.25B | $6.9B | $5.96B |
| Operating Margin | 7.3% | 22.4% | -9.8% | 9.1% | 26.4% | 2.4% | 5.3% | 11.5% | 7.9% | 10.9% | 10.5% | 14.7% | 13.6% | 13.6% | 4.7% | 10.9% | -6.1% | -1.5% | 17.9% | 19.8% | 19.6% | 19.3% | 19.8% | 61.7% | 66.5% | 64.1% | 8.4% | 11.5% | 0.7% | 10.6% | 9.4% | 5.4% | 75.0% | 76.2% | 77.2% | 77.1% | 77.4% | 99.1% | 99.2% | 99.4% |
| Interest Expense | $227M | $336M | $331M | $283M | $270M | $284M | $326M | $297M | $253M | $331M | $272M | $267M | $265M | $273M | $294M | $291M | $197M | $281M | $284M | $224M | $87M | $100.46M | $95.1M | $96.61M | $121.02M | $139.54M | $133.7M | $117.05M | $92.52M | $84.72M | $72.52M | $49.52M | $44.3M | $53.8M | $71.2M | $72.3M | $86M | $66.2M | $58.1M | $37.8M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.86B | -$3.54B | -$3.59B | $0 | $0 | $0 | $0 | $0 | $0 | -$5.63B | -$5.7B | -$6.88B | -$6.35B | -$5.93B | -$7.07B | -$6.63B | -$5.66B |
| Income Before Tax (EBT) | $1.34B | $4.02B | -$1.15B | $1.73B | $4.64B | $423M | $919M | $1.89B | $1.13B | $1.46B | $1.43B | $2B | $1.63B | $1.57B | $503M | $1.14B | -$521M | -$137M | $1.87B | $1.78B | $1.07B | $1.04B | $1.05B | $1.62M | $705.91M | $800.2M | $569.96M | $697.4M | $34.88M | $504.06M | $626.58M | $376.28M | $587.8M | $424.7M | $198.8M | $200.2M | $330.3M | $180M | $275.9M | $303.9M |
| Income Tax Expense | $161M | $747M | -$396M | $367M | $865M | -$76M | $33M | $244M | -$949M | $266M | $276M | $483M | $387M | $282M | $274M | $262M | -$106M | -$127M | $553M | $483M | $244M | $304.15M | $280.41M | -$89.97M | $144.71M | $214.9M | $109.61M | $187.62M | $12.65M | $147.67M | $144.39M | $26.38M | $172.5M | $61.8M | -$9.6M | $8.7M | $61.5M | -$5.3M | $39M | $89.9M |
| Net Income | $1.18B | $3.27B | -$752M | $1.36B | $3.78B | $499M | $886M | $1.64B | $2.08B | $1.19B | $1.15B | $1.51B | $1.24B | $1.31B | $221M | $902M | -$485M | $57M | $1.22B | $1.32B | $831M | $707.01M | $511.94M | $91.59M | $545.6M | $585.3M | $460.35M | $509.77M | $933.99M | $513.56M | $482.19M | $349.9M | $318.9M | $362.9M | $208.4M | $191.5M | $268.8M | $185.3M | $236.9M | $214M |
| Net Income Margin | 6.5% | 18.2% | -6.4% | 7.2% | 21.5% | 2.8% | 5.1% | 10.0% | 14.6% | 8.9% | 8.5% | 11.1% | 10.4% | 11.4% | 2.1% | 8.7% | -5.7% | 0.6% | 11.6% | 14.7% | 15.2% | 13.2% | 9.7% | 2.0% | 8.6% | 8.5% | 6.8% | 8.4% | 19.1% | 10.8% | 7.3% | 5.0% | 3.8% | 4.5% | 2.3% | 2.3% | 3.3% | 2.5% | 3.4% | 3.6% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 5.95 | 18.66 | -4.92 | 7.94 | 20.16 | 2.58 | 4.42 | 7.60 | 9.36 | 5.09 | 4.60 | 5.81 | 4.68 | 4.68 | 0.72 | 3.16 | -1.73 | 0.22 | 4.50 | 5.21 | 4.80 | 4.01 | 2.89 | 0.48 | 2.89 | 3.06 | 2.33 | 2.54 | 4.56 | 2.48 | 2.32 | 1.69 | 1.55 | 1.96 | 1.15 | 1.08 | 1.52 | 1.03 | 1.30 | 1.14 |
| Diluted EPS | 5.84 | 18.41 | -4.92 | 7.78 | 7.43 | 2.57 | 4.38 | 7.47 | 9.22 | 5.03 | 4.51 | 5.67 | 4.52 | 4.56 | 0.93 | 3.07 | -1.70 | 0.22 | 4.43 | 5.13 | 4.72 | 3.95 | 2.85 | 0.48 | 2.85 | 3.03 | 2.30 | 2.51 | 4.49 | 2.44 | 2.32 | 1.69 | 1.55 | 1.96 | 1.15 | 1.08 | 1.52 | 1.03 | 1.30 | 1.14 |
| Weighted Average OS | 182.67M | 170.85M | 169.56M | 171.03M | 187.36M | 193.61M | 200.61M | 215.94M | 222.13M | 234.18M | 250.63M | 260.88M | 265.63M | 280.65M | 307.22M | 310.01M | 280.03M | 257.50M | 270.30M | 252.36M | 173.06M | 176.30M | 177.14M | 189.30M | 188.76M | 191.25M | 197.53M | 200.70M | 205.05M | 207.50M | 208.29M | 197.45M | 194.65M | 176.38M | 169.91M | 168.89M | 166.78M | 168.16M | 173.62M | 179.56M |
| EBITDA | $1.56B | $4.45B | -$773M | $2.07B | $4.96B | $744M | $1.27B | $2.19B | $1.39B | $1.79B | $1.71B | $2.27B | $1.9B | $1.84B | $801M | $1.43B | -$400M | $68M | $2.08B | $2.06B | $1.16B | $1.33B | $1.15B | $203.22M | $320.04M | $376.55M | $870.83M | $951.96M | $267.9M | $659.53M | $773.32M | $484.5M | $103.2M | $113.9M | $132.1M | $109.6M | $125.9M | $0 | $0 | $0 |
| EBITDA Margin | 8.6% | 24.8% | -6.6% | 11.0% | 28.2% | 4.2% | 7.4% | 13.3% | 9.7% | 13.5% | 12.6% | 16.7% | 15.9% | 16.0% | 7.5% | 13.7% | -4.7% | 0.7% | 19.8% | 23.0% | 21.2% | 24.7% | 21.9% | 4.4% | 5.0% | 5.5% | 12.8% | 15.6% | 5.5% | 13.9% | 11.7% | 6.9% | 1.2% | 1.4% | 1.4% | 1.3% | 1.6% | - | - | - |
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 | $9.5B | $5.8B | $3.37B | $3.34B | $2.61B | $1.71B | $2.56B | $2.35B | $1.63B | $2.72B | $3.15B | $3.92B | $2.36B | $4.23B | $4.51B | $2.74B | $4.02B | $5.93B | $1.67B | $1.62B | $2.31B | $1.66B | $1.71B | $1.69B | $3.1B | $1.93B | $1.9B | $2.43B | $3.79B | $1.23B | $1.57B | $1.04B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $36.89B | $20.92B | $97.57B | $106.83B | $0 | $123.04B | $105.2B | $94.02B | $95.09B | $89.49B | $85.8B | $87.07B | $80.98B | $82.9B | $1.07B | $1.04B | $1.06B | $1.62B | $1.07B | $0 | $452.15M | $386.83M | $374.18M | $378.14M | $507.39M | $463.27M | $401.83M | $431.96M | $464.83M | $459.65M | $371.76M | $175.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $46.4B | $26.72B | $100.94B | $110.17B | $2.61B | $124.75B | $107.76B | $96.37B | $96.71B | $92.21B | $88.94B | $90.99B | $83.34B | $87.13B | $5.58B | $3.78B | $5.08B | $7.55B | $2.74B | $1.62B | $2.76B | $2.05B | $2.09B | $2.07B | $3.6B | $2.39B | $2.3B | $2.87B | $4.26B | $1.69B | $1.94B | $1.22B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $29.13B | $28.75B | $30.93B | $21.21B | $580M | $16.98B | $17.61B | $18.32B | $5.3B | $5.7B | $6B | $6.2B | $6.46B | $6.83B | $407.5M | $335M | $320.9M | $481M | $401M | $356M | $7.27B | $232.94M | $8.19B | $212.94M | $400.08M | $296.7M | $4.21B | $3.37B | $2.55B | $3.19B | $3.03B | $2.77B | $601.9M | $791.6M | $925.6M | $1.01B | $827.6M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$6.99B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $700K | $0 | $200K | -$1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | -$141.73B | $6.99B | $3.99B | $13.78B | $12.6B | $11.48B | $10.74B | $8.88B | $8.54B | $73.96B | $66.66B | $169.02B | $151.16B | $184.15B | $172.02B | -$2.09T | -$2.41T | -$2.6T | -$2.68T | $94B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $75.53B | $55.47B | $131.86B | $131.38B | $3.19B | $0 | $125.37B | $118.68B | $115.8B | $110.5B | $106.42B | $107.94B | $98.68B | $86.27B | $79.94B | $70.77B | $174.42B | $159.19B | $187.29B | $173.99B | -$2.08T | -$2.4T | -$2.59T | -$2.67T | $98B | $2.69B | $6.51B | $6.24B | $6.81B | $4.89B | $4.98B | $3.99B | $601.9M | $791.6M | $925.6M | $1.01B | $827.6M | $0 | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $147M | $0 | $233M | -$1.19B | -$1.07B | -$1.84B | -$2.08B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $207.12B | $235.18B | $242.13B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $233.5M | $192.7M | $195.2M | $212M | $201.1M | $0 | $0 | $0 |
| Goodwill | $1.14B | $1.14B | $1.14B | $1.14B | $1.78B | $1.78B | $1.78B | $1.78B | $1.37B | $2.27B | $2.27B | $2.27B | $2.27B | $2.27B | $2.27B | $3.02B | $3.01B | $0 | $4.14B | $4.5B | $1.19B | $1.2B | $1.23B | $1.23B | $1.21B | $1.29B | $1.42B | $1.48B | $457.73M | $449.48M | $471.46M | $145.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $12.83B | $977M | $12.4B | $12.23B | $560M | $0 | $633M | $771M | $152M | $148M | $144M | $140M | $274M | $268M | $0 | $0 | $0 | $3.94B | $0 | $0 | $1.01B | $1.12B | $1.23B | $1.29B | $1.41B | $1.56B | $1.75B | $1.85B | $613.91M | $708.45M | $528.93M | $0 | $228.5M | $261.9M | $355.7M | $362M | $390.8M | $0 | $0 | $0 |
| Long-Term Investments | $102.02B | -$11.24B | $26.76B | $24.83B | $336.21B | $127.67B | $109.98B | $96.07B | $96.71B | $91.2B | $87.65B | $89.13B | $83.26B | $85.45B | $80.02B | $72.44B | $64.66B | $3.96B | $60.6B | $56.55B | $34.04B | $35.25B | $33.34B | $33.48B | $29.32B | $28.46B | $28.69B | $31.21B | $25.19B | $29.36B | $27.37B | $22.86B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $4.27B | $0 | -$361M | $1.19B | $1.07B | $1.84B | $2.08B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$207.12B | -$235.18B | -$242.13B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $225.69B | $344.48B | $200.25B | $164.75B | $45.41B | -$129.45B | -$505M | $81.61B | $67.89B | $57.65B | $55.59B | $54.03B | $52.73B | $44.88B | $40.68B | $47.59B | -$64.66B | -$3.96B | -$60.6B | -$56.55B | $2.17T | $2.48T | $2.66T | $2.73T | -$31.95B | -$31.31B | -$31.86B | -$34.54B | -$26.26B | -$30.52B | -$28.37B | -$23B | -$462M | -$454.6M | -$550.9M | -$574M | -$591.9M | $0 | $0 | $0 |
| Total Long-Term Assets | $341.68B | $335.36B | $240.55B | $202.95B | $388.38B | $0 | $111.75B | $179.47B | $165.97B | $151.12B | $145.51B | $145.44B | $138.26B | $132.6B | $122.96B | $123.05B | $3.01B | $3.94B | $4.14B | $4.5B | $2.21T | $2.52T | $2.7T | $2.77T | $2.68M | $31.31B | $31.86B | $34.54B | $26.26B | $30.52B | $28.37B | $23B | $462M | $454.6M | $550.9M | $574M | $591.9M | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $365.95B | $97.64B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$500K | $0 | $300K | -$200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $65.85B | $64.72B | $53.06B | $44.1B | $36.31B | $29.91B | $22.34B | $47.32B | $38.43B | $32.62B | $26.02B | $23.65B | $0 | $0 | $0 |
| Total Assets | $417.2B | $390.83B | $372.41B | $334.33B | $391.57B | $365.95B | $334.76B | $298.15B | $281.76B | $261.63B | $251.94B | $253.38B | $236.94B | $218.87B | $202.91B | $193.82B | $177.43B | $163.14B | $191.44B | $178.49B | $124.79B | $116.22B | $106.74B | $93.13B | $98B | $99.84B | $103.1B | $93.84B | $77.17B | $71.71B | $63.26B | $49.33B | $48.38B | $39.67B | $34.09B | $27.6B | $25.07B | $20.96B | $18B | $16.24B |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.04B | $1.15B | $1.26B | $0 | $505M | $2.09B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $400M | $300M | $250M | $500M | $300M | $250M | $300M | $0 | $450M | $0 | $0 | $250M | $501M | $200M | $300M | $351M | $350M | $815M | $550M | $658M | $119.9M | $214.41M | $43.98M | $153.04M | $350.2M | $312.93M | $460.15M | $314.61M | $297.21M | $188.96M | $426.85M | $275.31M | $502.4M | $433.4M | $677.3M | $371.4M | $482.7M | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $83M | $142M | $0 | $60M | $24M | $35M | $4M | $136M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5M | $61.66B | $77.62M | $45.9B | $266.5B | $0 | $0 | $345.01M | $0 | $487.81M | $33.74M | $128.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 | $500K | $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 | $161.59B | $6.89B | $144.11B | $125.09B | $0 | -$6.47B | -$5.08B | -$4.8B | -$4.87B | -$5B | -$4.66B | -$4.66B | -$3.74B | $194.08B | $179.32B | $172.46B | $157.16B | $145.91B | $173.41B | $160.08B | -$119.9M | -$292.04M | -$43.98M | -$153.04M | -$350.2M | -$312.93M | $96.57B | $86.47B | $70.58B | $65.95B | $57.67B | -$275.31M | -$502.4M | -$433.4M | -$677.3M | -$371.4M | -$482.7M | $0 | $0 | $0 |
| Total Current Liabilities | $161.99B | $17.21B | $144.36B | $125.59B | $300M | $0 | $300M | $277.96B | $259.55B | $241.8B | $232.74B | $232.37B | $219.39B | $198.46B | $183.35B | $175.62B | $160.68B | $150.43B | $175.1B | $162.84B | $117.07B | $108.66B | $99.47B | $86.33B | $91.4B | $93.43B | $97.38B | $86.99B | $71.37B | $66.3B | $58.22B | $45.87B | $502.4M | $433.4M | $677.3M | $371.4M | $482.7M | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $6.03B | $6.05B | $5.87B | $6.13B | $6.33B | $6.41B | $6.07B | $5.84B | $4.89B | $5.34B | $5.58B | $5.27B | $5.32B | $5.44B | $5.39B | $5.4B | $5.05B | $4.73B | $4.62B | $3.46B | $1.33B | $1.39B | $1.12B | $1.12B | $862K | $712.23M | $711.96M | $712.17M | $511.04M | $626.31M | $659.3M | $419.61M | $335.1M | $423M | $252.6M | $378.5M | $378.8M | $476.6M | $389.9M | $206.7M |
| Long-Term Unearned Revenue | $7.59B | $6.73B | $5.9B | $5.09B | $0 | $0 | $9.67B | -$148.57B | $1M | $24M | $98M | $171M | $245M | $319M | $394M | $468M | $543M | $619M | $0 | $760M | $835.97M | $912.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $7.07B | $0 | -$3.6B | -$2.35B | -$3.17B | -$4.3B | -$3.94B | $0 | $0 | $0 | $1.12B | $0 | -$400K | $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 | $230.69B | $352.57B | $209.39B | $192.42B | $357.45B | -$6.41B | $0 | $277.96B | -$4.89B | -$24M | -$98M | $231.95B | $217.43B | $197.94B | -$5.79B | $174.8B | -$5.05B | $149.61B | $174.55B | $0 | -$1.33B | -$2.3B | -$1.12B | -$1.12B | -$862K | -$712.23M | -$711.96M | -$712.17M | -$511.04M | -$626.31M | -$659.3M | -$419.61M | -$335.1M | -$423M | -$252.6M | -$378.5M | -$378.8M | -$476.6M | -$389.9M | -$206.7M |
| Total Long-Term Liabilities | $244.31B | $365.36B | $221.16B | $203.64B | $371B | $0 | $6.07B | $5.84B | $4.89B | $5.34B | $5.55B | $5.27B | $4.11B | $5.44B | $5.39B | $5.4B | $5.05B | $4.73B | $4.62B | $3.46B | $1.33B | $1.39B | $1.46B | $1.51B | $1.34B | $1.46B | $1.46B | $1.46B | $826M | $941M | $659M | $420M | $335.1M | $423M | $252.6M | $378.5M | $378.8M | $476.6M | $389.9M | $206.7M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $343.25B | $308.7B | $0 | $0 | $0 | $29M | $0 | -$1M | $0 | -$200K | $0 | $100K | $0 | $0 | $0 | -$333.81M | -$340.12M | -$341.05M | -$392.5M | -$474.84M | -$745.02M | -$745.13M | -$744.68M | -$315.21M | -$223.18M | -$389K | $0 | $43.47B | $35.86B | $30.38B | $24.43B | $21.79B | $0 | $0 | $0 |
| Total Liabilities | $406.3B | $382.56B | $365.52B | $329.23B | $371.3B | $343.25B | $315.07B | $283.8B | $264.44B | $247.15B | $238.32B | $237.64B | $223.49B | $203.9B | $188.74B | $181.02B | $165.73B | $155.16B | $179.72B | $166.29B | $118.07B | $109.7B | $100.59B | $87.44B | $92.26B | $94.14B | $98.09B | $87.7B | $71.88B | $67.02B | $58.88B | $46.29B | $44.31B | $36.72B | $31.31B | $25.18B | $22.65B | $476.6M | $389.9M | $206.7M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $986M | $986M | $986M | $986M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $806.7M | $0 | $0 | $1M | $524K | $566K | $593K | $666K | $762K | $857K | $948K | $1.08M | $1.15M | $1.21M | $1.33M | $311.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $5.59B | $4.67B | $4.61B | $4.54B | $4.74B | $5.08B | $5.16B | $5.39B | $5.69B | $5.87B | $6.3B | $6.62B | $6.88B | $7.12B | $7.59B | $8.12B | $7.84B | $7.04B | $7.2B | $7.45B | $1.77B | $1.65B | $1.53B | $1.29B | $1.26B | $1B | $1.01B | $994.47M | $966.46M | $857.45M | $889.48M | $555.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $8.39B | $7.64B | $4.78B | $5.92B | $9.1B | $8.69B | $8.85B | $8.55B | $8.4B | $7.04B | $6.47B | $6.02B | $5.01B | $4.04B | $4.13B | $3.93B | $3.31B | $3.74B | $4.29B | $4.14B | $4.08B | $3.59B | $3.41B | $3.27B | $3.83B | $3.92B | $3.69B | $3.79B | $3.53B | $3.13B | $2.78B | $2.48B | $2.3B | $2.27B | $2.05B | $1.97B | $1.91B | $1.83B | $1.82B | $1.79B |
| Comprehensive Income & Other | -$4.06B | -$5.04B | -$3.48B | -$6.35B | $6.44B | $8.93B | $5.67B | $407M | $3.23B | $1.57B | $845M | $3.1B | $1.56B | $3.81B | $2.45B | $748M | -$261.4M | $6.3M | $225M | $613M | $527.78M | $930.71M | $869.03M | $734.55M | $173.18M | $33.98M | -$435.65M | $602.35M | $482.2M | $482.05M | $711.59M | -$304.19M | -$1.2M | $3.6M | $24.7M | $26.7M | $13.7M | $0 | $0 | $0 |
| Other Stockholders' Equity | -$3.07B | -$4.05B | -$2.49B | -$5.37B | $6.44B | $8.93B | $5.67B | $407M | $3.23B | $1.57B | $845M | $3.1B | $1.56B | $3.81B | $2.45B | $748M | $545.2M | -$2.8B | $225M | $614M | $528.3M | $931.27M | $869.62M | $735.22M | $173.94M | $34.84M | -$434.7M | $603.43M | $483.35M | $483.26M | $712.93M | $7.15M | $1.77B | $679.1M | $726.6M | $424M | $480.3M | $218.4M | $180.8M | $208.8M |
| Total Equity | $10.91B | $8.27B | $6.89B | $5.1B | $20.27B | $22.7B | $19.69B | $14.35B | $17.32B | $14.48B | $13.62B | $15.74B | $13.45B | $14.97B | $14.16B | $12.81B | $11.7B | $7.98B | $11.72B | $12.2B | $6.38B | $6.18B | $5.81B | $5.3B | $5.26B | $4.95B | $4.26B | $5.39B | $4.98B | $4.47B | $4.38B | $3.04B | $4.07B | $2.95B | $2.78B | $2.39B | $2.39B | $2.04B | $2B | $2B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $333.99M | $339.8M | $341.3M | $392.66M | $474.66M | $745M | $745M | $745M | $315M | $223.63M | $0 | $0 | $0 | $0 | $13.1M | $21.8M | $25.5M | $0 | $0 | $0 |
| Total Liabilities and Equity | $417.2B | $390.83B | $372.41B | $334.33B | $391.57B | $365.95B | $334.76B | $298.15B | $281.76B | $261.63B | $251.94B | $253.38B | $236.94B | $218.87B | $202.91B | $193.82B | $177.43B | $163.14B | $191.44B | $178.49B | $124.45B | $115.88B | $106.4B | $92.74B | $97.53B | $99.1B | $102.35B | $93.09B | $76.86B | $71.49B | $63.26B | $49.33B | $48.38B | $39.67B | $34.08B | $27.58B | $25.04B | $2.52B | $2.39B | $2.2B |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $6.43B | $6.36B | $6.12B | $6.63B | $6.78B | $6.66B | $6.37B | $5.84B | $5.34B | $5.34B | $5.58B | $5.52B | $5.82B | $5.64B | $4.57B | $5.75B | $5.4B | $5.55B | $5.17B | $4.12B | $1.45B | $1.6B | $1.16B | $1.27B | $1.21B | $1.03B | $1.17B | $1.03B | $808.25M | $815.27M | $1.09B | $694.92M | $837.5M | $856.4M | $929.9M | $749.9M | $861.5M | $476.6M | $389.9M | $206.7M |
| Net Debt | -$3.07B | $554M | $2.76B | $3.29B | $4.17B | $4.95B | $3.8B | $3.49B | $3.72B | $2.62B | $2.44B | $1.6B | $3.46B | $1.41B | $58.8M | $3.01B | $1.38B | -$380.7M | $3.5B | $2.5B | -$858.8M | -$58.84M | -$549.68M | -$418.24M | -$1.88B | -$902.24M | -$723.77M | -$1.41B | -$2.99B | -$416.45M | -$486.7M | -$346.67M | $837.5M | $856.4M | $929.9M | $749.9M | $861.5M | $476.6M | $389.9M | $206.7M |
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 | $1.18B | $3.27B | -$752M | $1.36B | $3.78B | $499M | $886M | $1.64B | $2.08B | $1.19B | $1.15B | $1.51B | $1.24B | $1.31B | $221M | $902M | -$485M | $57M | $1.22B | $1.32B | $831M | -$707.01M | $511.94M | $91.59M | $590.21M | $621.39M | $460.35M | $509.77M | $22.2M | $513.56M | $482.19M | $349.9M | $415.3M | $362.9M | $208.4M | $191.5M | $268.8M |
| Depreciation & Amortization | $0 | $96M | $44M | $65M | $50M | $37M | $26M | $9M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | -$76M | -$76M | -$83M | $61M | $1M | $191.16M | $12.31M | $106.6M | $199.02M | $237.01M | $167.17M | $137.51M | $140.5M | $70.75M | $74.23M | $58.7M | $58.9M | $60.1M | $60.9M | $37.3M | $39.9M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$59.6M | -$96.5M | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35M | $47M | $53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | -$54M | -$93M | -$21M | $105M | -$87M | $34M | -$54M | $97M | -$53M | -$40M | $28M | -$73M | -$14M | $313M | $69M | -$45M | $49M | -$14.45M | $96.51M | -$139.17M | $187.13M | $63.93M | -$37.08M | -$336.5M | -$873.5M | $12.1M | -$113M | -$15.1M | $11.2M | $189.7M | $134M | $82.4M | -$258.6M | -$57M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $82M | -$244.69M | -$470.85M | $1.2B | -$361.43M | $627.6M | $1.14B | $1.36B | $1.86B | $1.18B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$2.04B | -$1.67B | -$3.37B | $5.18B | -$490M | -$851M | -$2.17B | $568M | -$2.6B | -$605M | $660M | $207M | -$500M | -$183M | $177M | $875M | -$771M | -$45M | $1.31B | $1.9B | -$651M | -$878.16M | -$1.84B | $222.16B | -$81.31B | -$316.26B | $623.5M | -$2.27B | $1.1B | $1.27B | $1.3B | -$368.43M | $157.7M | -$277.8M | -$533.4M | -$325.9M | -$123.5M |
| Total Working Capital Change | -$2.04B | -$1.67B | -$3.37B | $5.13B | -$583M | -$872M | -$2.07B | $481M | -$2.56B | -$659M | $757M | $154M | -$540M | -$155M | $104M | $861M | -$643M | $24M | $1.33B | $2.03B | -$421M | -$1.25B | -$1.31B | $221.98B | -$80.61B | -$315.16B | $1.97B | -$410.2M | $2.36B | $2.54B | $2.76B | -$1.13B | $347.4M | -$143.8M | -$451M | -$584.5M | -$180.5M |
| Other Non-Cash Items | $700M | -$3.7B | $2B | -$2.94B | -$3.46B | $870M | -$1.53B | -$188M | $1.27B | $735M | $328M | $853M | $91M | $107M | $947M | -$47M | $2.14B | $1.22B | -$552M | -$406M | $797M | $2.88B | $1.83B | -$221.69B | $81.08B | $316.29B | -$266.12M | $1.01B | -$1.41B | -$1.76B | -$1.39B | $1.97B | $288M | $591.3M | $1.53B | $1.34B | $1.89B |
| Net Cash from Operating | -$167M | -$2.01B | -$2.07B | $3.61B | -$217M | $534M | -$2.69B | $1.94B | $788M | $1.27B | $2.24B | $2.53B | $799M | $1.27B | $1.28B | $1.72B | $937M | $1.26B | $1.96B | $3.05B | $1.21B | $1.11B | $1.04B | $489.56M | $1.25B | $1.99B | $2.33B | $1.25B | $1.11B | $1.37B | $1.92B | $1.19B | $1.01B | $870.5M | $1.35B | $986.8M | $2.01B |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.82B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$195M | $0 | $0 | $0 | -$2.29B | -$11.8M | $0 | $0 | $0 | $0 | -$49.9M | -$64.2M | -$66.1M | -$71.2M |
| Acquisitions | $0 | $619M | $0 | $0 | $0 | $0 | $0 | -$1.42B | $0 | $0 | $75M | $0 | $0 | $0 | $0 | $321M | $327M | $648M | $0 | $0 | $14.23M | $173.56M | $0 | -$195M | $2.04B | $85M | -$11.09M | -$2.29B | $2.64B | -$71.59M | $186.9M | $417.37M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$25.59B | -$12.83B | -$11.76B | -$15.48B | -$17.67B | -$17.16B | -$15.76B | -$12.96B | -$10.51B | -$11.41B | -$9.75B | -$9.01B | -$13.42B | -$13.51B | -$13.98B | -$16.64B | -$17.79B | -$10.31B | -$14.87B | -$10.52B | -$6.88B | -$11.26B | -$15.32B | -$15.51B | -$12.95B | -$6.83B | -$8.96B | -$14.7B | -$12.87B | -$15.61B | -$17.14B | -$15.23B | -$17.15B | -$17.51B | -$14.83B | -$11.3B | -$14.41B |
| Sales of Investments | $21.46B | $11.76B | $9.79B | $8.2B | $12.27B | $6.95B | $13.51B | $9.85B | $7.68B | $8.56B | $5.94B | $6.57B | $9.76B | $9.38B | $9.91B | $11.01B | $11.49B | $9.78B | $13.14B | $10B | $7.55B | $11.44B | $15.43B | $12.7B | $10.37B | $7.62B | $8.3B | $13.13B | $13.64B | $15.3B | $16.41B | $13.21B | $14.68B | $15.1B | $12.92B | $10.58B | $11.7B |
| Other Investing Activities | $116M | $1.27B | -$1.37B | -$4.37B | $1.82B | $725M | -$3.25B | -$1.28B | -$1.36B | -$812M | -$481M | $633M | -$1.04B | $265M | $1.94B | -$322M | -$1.87B | $2.45B | -$295M | $86M | -$49M | -$1.41B | -$2.17B | -$65.63M | -$79.75M | $34.05M | $22.17M | $4.45B | $365.35M | -$25.66M | $588.97M | $72.17M | $176.4M | $310.8M | -$1.38B | -$1.15B | $449.7M |
| Net Cash from Investing | -$4.01B | $821M | -$3.33B | -$11.65B | -$3.58B | -$9.48B | -$5.5B | -$5.82B | -$4.19B | -$3.67B | -$4.22B | -$1.8B | -$4.71B | -$3.86B | -$2.13B | -$5.63B | -$7.85B | $2.57B | -$1.96B | -$2.27B | $635M | -$1.05B | -$2.05B | -$3.26B | -$617.84M | $906.84M | -$1.14B | -$1.69B | $3.77B | -$472.36M | -$1.43B | -$1.52B | -$2.29B | -$2.15B | -$3.35B | -$1.93B | -$2.33B |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | -$188M | -$145M | $542M | -$112M | -$100M | -$255M | -$460M | -$645M | -$62M | $120M | -$95M | $417M | -$393M | $20M | $227M | -$344M | -$266M | -$150M | -$764M | -$1.87B | $241M | -$117.15M | $59.71M | -$248.99M | -$149.25M | - | $476K | -$199.22M | $115.82M | $32.99M | -$183.6M | -$89.83M | - | - | - | - | - |
| Common Stock Issuance | $825M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $368M | $652M | $49M | $98M | $166M | $91M | $82.03M | $12.7M | $89.11M | $90.26M | $32.74M | $48.01M | $48.75M | $33.2M | -$565K | $24.1M | $29.98M | $342.3M | $21M | $2.1M | $1.2M | $4.9M |
| Common Stock Repurchases | $0 | $0 | $0 | -$550M | -$1.1B | -$275M | -$550M | -$900M | -$725M | -$879M | -$900M | -$650M | -$450M | -$492M | -$575M | -$25M | $0 | -$476M | -$986M | $0 | -$194M | -$350.23M | $0 | -$474.49M | -$503.75M | -$210.02M | -$377.72M | -$46.87M | -$327.58M | -$32.72M | -$24.1M | -$18.39M | $0 | $0 | $0 | -$211.7M | $0 |
| Dividends Paid | -$325M | -$307M | -$305M | -$310M | -$319M | -$311M | -$303M | -$289M | -$262M | -$238M | -$204M | -$170M | -$128M | -$91M | -$61M | -$42M | -$62M | -$430M | -$430M | -$385M | -$255.09M | -$249.15M | -$240.35M | -$234.62M | -$230.13M | -$222.66M | -$218.43M | -$209.02M | -$201.93M | -$191.22M | -$178.81M | -$172.16M | -$156.2M | -$139.2M | -$126M | -$119.4M | -$118.5M |
| Other Financing Activities | $7.28B | $3.88B | $6.36B | $8.53B | $6.03B | $8.42B | $8.8B | $5.13B | $3.23B | $3.21B | $2.22B | $2.07B | $2.23B | $2.91B | $3.58B | $2.82B | $3.6B | $1.09B | $338M | -$2.56B | -$692M | $316.03M | $1.43B | $2.27B | $1.67B | -$2.31B | -$1.33B | -$1.36B | -$1.72B | -$1.03B | $7.75M | $815.33M | $970.5M | $2.12B | $1.52B | $1.46B | -$97.7M |
| Net Cash from Financing | $7.88B | $3.62B | $5.43B | $8.77B | $4.71B | $8.09B | $8.4B | $4.59B | $2.31B | $1.97B | $1.21B | $834M | $2.04B | $2.31B | $2.62B | $2.47B | $5.17B | $431M | $49M | -$1.48B | -$1.03B | -$106.64M | $1.03B | $1.37B | $532.9M | -$2.86B | -$1.03B | -$916.74M | -$2.23B | -$1.17B | $38.33M | $669.44M | $974.6M | $1.75B | $1.75B | $1.17B | -$19.5M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 Change in Cash | $3.7B | $2.44B | $22M | $731M | $904M | -$855M | $218M | $717M | -$1.09B | -$424M | -$773M | $1.55B | -$1.87B | -$280M | $1.77B | -$1.44B | -$1.74B | $4.26B | $43M | -$691M | $650M | -$49.51M | $20.66M | -$1.4B | $1.17B | $31.51M | -$537.47M | -$1.36B | $2.65B | -$341.13M | $531.27M | $331.92M | -$306.1M | $474.8M | -$250.1M | $226.5M | -$334.3M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | -$167M | -$2.01B | -$2.07B | $3.61B | -$217M | $534M | -$2.69B | $1.94B | $788M | $1.27B | $2.24B | $2.53B | $799M | $1.27B | $1.28B | $1.72B | $937M | $1.26B | $1.96B | $3.05B | $1.21B | $1.11B | $1.04B | $489.56M | $1.25B | $1.99B | $2.33B | $1.25B | $1.11B | $1.37B | $1.92B | $1.19B | $1.01B | $870.5M | $1.35B | $986.8M | $2.01B |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.82B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$195M | $0 | $0 | $0 | -$2.29B | -$11.8M | $0 | $0 | $0 | $0 | -$49.9M | -$64.2M | -$66.1M | -$71.2M |
| Free Cash Flow | -$167M | -$2.01B | -$2.07B | $3.61B | -$217M | $534M | -$2.69B | $1.94B | $788M | $1.27B | $2.24B | $2.53B | $799M | $1.27B | $1.28B | $1.72B | $937M | $1.26B | $1.96B | $3.05B | $1.21B | $1.11B | $1.04B | $294.56M | $1.25B | $1.99B | $2.33B | $1.25B | $1.1B | $1.3B | $1.18B | $1.19B | $1.01B | $820.6M | $1.29B | $920.7M | $1.94B |
| Cash at Beginning | $5.8B | $3.37B | $3.34B | $2.61B | $1.71B | $2.56B | $2.35B | $1.63B | $2.72B | $3.15B | $3.92B | $2.36B | $4.23B | $4.51B | $2.74B | $4.18B | $5.93B | $1.67B | $1.62B | $2.31B | $1.66B | $1.71B | $1.69B | $3.1B | $1.93B | $1.9B | $2.43B | $3.79B | $1.14B | $1.57B | $1.04B | $709.66M | $1.02B | $541M | $791.2M | $564.7M | $899.1M |
| Cash at End | $9.5B | $5.8B | $3.37B | $3.34B | $2.61B | $1.71B | $2.56B | $2.35B | $1.63B | $2.72B | $3.15B | $3.92B | $2.36B | $4.23B | $4.51B | $2.74B | $4.18B | $5.93B | $1.67B | $1.62B | $2.31B | $1.66B | $1.71B | $1.69B | $3.1B | $1.93B | $1.9B | $2.43B | $3.79B | $1.23B | $1.57B | $1.04B | $709.8M | $1.02B | $541.1M | $791.2M | $564.8M |