LINCOLN NATIONAL CORP (LNC)
Lincoln National Corporation (LNC) is a U.S.-based financial services company primarily involved in the insurance and retirement sectors. Operating through various subsidiaries, its operations are structured across four key divisions: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities division provides a range of annuity products, including fixed, variable, and indexed variable options. Its Retirement Plan Services segment caters to employers, focusing predominantly on the defined contribution market. This unit delivers a suite of retirement solutions, encompassing individual and group variable and fixed annuities, alongside mutual fund-based programs. Furthermore, it offers comprehensive plan administration services such as recordkeeping, compliance verification, participant education, and trust and custodial support. The Life Insurance segment delivers various life coverage options, from term insurance to universal life products, specifically single and survivorship universal life, variable universal life, and indexed universal life policies. It also makes available critical illness and long-term care riders to enhance these plans. Finally, the Group Protection segment focuses on providing non-medical group insurance benefits and services to the employer sector. Its offerings include short-term and long-term disability, statutory disability, paid family medical leave administration, and absence management. Additionally, it offers group term life, dental, vision, accident, and critical illness coverage, all available through both employee-contributed and employer-funded schemes. Lincoln National distributes its financial products and services through an extensive network of consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediary partners. Established in 1905, Lincoln National Corporation maintains its headquarters in Radnor, Pennsylvania.
Sector: Life Insurance
Industry: Insurance - Life
Lincoln National Corporation
NYSE:LNCFinancial Services · Insurance - Life
-3.09%$39.84
AH Close$39.84+0.00%vs close
AH Close$39.84+0.00%vs close
Mkt Cap$7.63B
Float189.86M
O/S191.45M
Inst Own85.9%
SI7.7%
Div Yield4.52%
Dilution
Delisting Issues Timeline
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'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 |