PROGRESSIVE CORP/OH/ (PGR)
The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its portfolio includes personal and commercial vehicle coverage, residential and commercial property protection, general liability, and various other specialized property-casualty insurance options. The company's operations are structured into three main divisions: Personal Lines, Commercial Lines, and Property. Within the Personal Lines segment, Progressive provides coverage for individual automobiles and recreational vehicles. Offerings range from standard personal auto policies to specialized options for motorcycles, all-terrain vehicles (ATVs), RVs, watercraft, snowmobiles, and similar forms of personal transport. The Commercial Lines division focuses on providing primary liability and physical damage insurance for business vehicles, alongside general liability and property insurance tailored for commercial applications. This segment insures a diverse array of vehicles, including cars, vans, pickup trucks, and dump trucks for small businesses; tractors, trailers, and straight trucks for regional freight, expedited shipping, and long-haul transport companies; heavy-duty vehicles like dump trucks, log trucks, and garbage trucks used in industries such as construction, logging, and mining; and tow trucks and wreckers for towing and service stations, as well as various non-fleet taxis and premium car services. The Property segment offers residential insurance solutions for homeowners, other property owners, and renters. Its portfolio further extends to include personal umbrella policies and both primary and excess flood insurance. Beyond underwriting, the company facilitates policy issuance and claims adjusting. It also serves as an agent for various additional insurance products, such as homeowner general liability and workers' compensation, and provides reinsurance services. Progressive's products are distributed through independent insurance agencies, as well as directly to consumers via its online platforms (including mobile access) and telephone channels. Established in 1937, The Progressive Corporation maintains its headquarters in Mayfield, Ohio.
Sector: Fire, Marine & Casualty Insurance
Industry: Insurance - Property & Casualty
The Progressive Corporation
NYSE:PGRFinancial Services · Insurance - Property & Casualty
-0.68%$228.07
AH Close$228.07+0.00%vs close
AH Close$228.07+0.00%vs close
Mkt Cap$132.59B
Float579.63M
O/S581.37M
Inst Own86.6%
SI1.2%
Div Yield6.09%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$87.64B
Net Income$11.31B
Total Assets$123.04B
Free Cash Flow$17.2B
Debt & Equity
Debt 19%
Equity 81%
Total Debt$6.9B
Total Equity$30.32B
Shares Outstanding
Short Interest
Split History1 split
- 4:1Forward splitMay 19, 20061 share → 4
Balance Sheet Details
Assets$123.04B
Liabilities$92.72B
Accounts Receivable$20.11B
Accounts Payable$0
Inventory$0
PP&E (Net)$783M
Goodwill$0
Intangible Assets$2.04B
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 | $87.64B | $75.34B | $62.08B | $49.59B | $47.68B | $42.64B | $39B | $31.95B | $26.82B | $23.42B | $20.83B | $19.38B | $18.16B | $17.07B | $15.76B | $15.2B | $14.56B | $12.84B | $14.69B | $14.79B | $14.3B | $13.78B | $11.89B | $9.29B | $7.49B | $6.77B | $6.12B | $5.29B | $4.61B | $3.48B | $3.01B | $2.42B | $1.95B | $1.74B | $1.49B | $136.7M | $1.39B | $1.34B | $999.9M | $731.9M |
| YoY Growth | 16.3% | 21.4% | 25.2% | 4.0% | 11.8% | 9.3% | 22.0% | 19.2% | 14.5% | 12.4% | 7.5% | 6.7% | 6.4% | 8.3% | 3.7% | 4.4% | 13.4% | -12.6% | -0.7% | 3.4% | 3.8% | 15.9% | 27.9% | 24.1% | 10.6% | 10.6% | 15.7% | 14.8% | 32.5% | 15.5% | 24.7% | 23.6% | 12.4% | 16.5% | 992.2% | -90.2% | 3.6% | 34.5% | 36.6% | - |
| Cost of Revenue | $61.81B | $54.44B | $50.32B | $42.04B | $37.34B | $28.39B | $28.49B | $24.29B | $20.93B | $18.74B | $15.99B | $14.83B | $13.92B | $13.38B | $12.03B | $11.49B | $11.27B | $11.37B | $11.33B | $12.24B | $12.13B | $11.21B | $9.9B | $8.2B | $6.82B | $6.63B | $5.59B | $4.53B | $3.91B | $2.93B | $2.57B | $1.94B | $1.49B | $445.6M | $475.8M | $0 | $296.7M | $0 | $0 | $0 |
| Gross Profit | $25.83B | $20.9B | $11.76B | $7.55B | $10.34B | $14.24B | $10.5B | $7.66B | $5.88B | $4.67B | $4.84B | $4.55B | $4.23B | $3.69B | $3.73B | $3.71B | $3.29B | $1.47B | $3.36B | $2.55B | $2.18B | $2.57B | $1.99B | $1.09B | $672.3M | $144.3M | $539M | $760.4M | $696.9M | $551.2M | $441.3M | $475.7M | $463.9M | $1.29B | $1.02B | $136.7M | $1.1B | $1.34B | $999.9M | $731.9M |
| Gross Margin | 29.5% | 27.7% | 18.9% | 15.2% | 21.7% | 33.4% | 26.9% | 24.0% | 21.9% | 20.0% | 23.2% | 23.5% | 23.3% | 21.6% | 23.6% | 24.4% | 22.6% | 11.4% | 22.9% | 17.2% | 15.2% | 18.7% | 16.8% | 11.7% | 9.0% | 2.1% | 8.8% | 14.4% | 15.1% | 15.8% | 14.7% | 19.7% | 23.7% | 74.4% | 68.1% | 100.0% | 78.7% | 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 | $178.9M | $134.1M | $109.5M | $92M | $77.5M | $50.9M | $38.8M | $36.1M | $19.4M | $21.4M | $19.4M | $20.4M | $20.5M | $24.4M | $24.6M | $25M | $25.7M | $22M | $19.8M | $21.4M | $40.9M | $30.8M | $43.9M | $41.9M | $30.2M | $31.9M | $36.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $11.61B | $10.19B | $6.86B | $6.63B | $6.13B | $7.07B | $5.16B | $4.36B | $3.63B | $3.11B | $2.85B | $2.59B | $2.47B | $2.33B | $2.22B | $2.12B | $1.72B | $1.67B | $1.65B | $89.2M | $94.7M | $94.7M | $107M | $86.1M | $64.9M | $91.1M | $85.9M | $68.5M | $74.5M | $67.6M | $65.2M | $64M | $53.9M | $44.5M | $47.8M | $48.4M | $49.3M | $16M | $10.8M | $6.1M |
| Total Operating Expenses | $11.61B | $10.19B | $6.86B | $6.63B | $6.13B | $7.07B | $5.34B | $4.5B | $3.74B | $3.2B | $2.93B | $2.64B | $2.51B | $2.37B | $2.24B | $2.14B | $1.74B | $1.69B | $1.67B | $113.6M | $119.3M | $119.7M | $132.7M | $108.1M | $84.7M | $112.5M | $126.8M | $99.3M | $118.4M | $109.5M | $95.4M | $95.9M | $90.8M | $44.5M | $47.8M | $48.4M | $49.3M | $16M | $10.8M | $6.1M |
| Operating Income (EBIT) | $14.22B | $10.71B | $4.9B | $922M | $4.21B | $7.17B | $5.16B | $3.16B | $2.14B | $1.47B | $1.91B | $1.91B | $1.72B | $1.32B | $1.49B | $1.57B | $1.56B | -$222.3M | $1.69B | $2.43B | $2.06B | $2.45B | $1.86B | $981.4M | $587.6M | $31.8M | $412.2M | $661.1M | $578.5M | $441.7M | $345.9M | $379.8M | $373.1M | $1.25B | $969.5M | $88.3M | $1.05B | $1.33B | $989.1M | $725.8M |
| Operating Margin | 16.2% | 14.2% | 7.9% | 1.9% | 8.8% | 16.8% | 13.2% | 9.9% | 8.0% | 6.3% | 9.2% | 9.8% | 9.5% | 7.7% | 9.4% | 10.3% | 10.7% | -1.7% | 11.5% | 16.5% | 14.4% | 17.8% | 15.6% | 10.6% | 7.8% | 0.5% | 6.7% | 12.5% | 12.6% | 12.7% | 11.5% | 15.7% | 19.1% | 71.8% | 64.9% | 64.6% | 75.2% | 98.8% | 98.9% | 99.2% |
| Interest Expense | $278M | $279M | $268M | $244M | $218.6M | $217M | $189.7M | $166.5M | $153.1M | $140.9M | $136M | $116.9M | $118.2M | $123.8M | $132.7M | $133.5M | $139M | $136.7M | $108.6M | $77.3M | $82.6M | $80.8M | $95.5M | $74.6M | $52.2M | $77.8M | $76.4M | $61.1M | $64.6M | $61.5M | $57.1M | $55.3M | $39.7M | $44.5M | $47.8M | $48.4M | $49.3M | $16M | $10.8M | $6.1M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.07B | $0 | -$2.8M | -$960.6M | -$1.2B | -$881.6M | -$654.7M |
| Income Before Tax (EBT) | $14.22B | $10.71B | $4.9B | $922M | $4.21B | $7.17B | $5.16B | $3.16B | $2.14B | $1.47B | $1.91B | $1.91B | $1.72B | $1.32B | $1.49B | $1.57B | $1.56B | -$222.3M | $1.69B | $2.43B | $2.06B | $2.45B | $1.86B | $981.4M | $587.6M | $31.8M | $412.2M | $661.1M | $578.5M | $441.7M | $345.9M | $379.8M | $373.1M | $178.7M | $969.5M | $85.5M | $86.1M | $132M | $107.5M | $71.1M |
| Income Tax Expense | $2.92B | $2.23B | $1B | $200M | $859.1M | $1.47B | $1.18B | $542.6M | $540.8M | $413.5M | $611.1M | $626.4M | $554.6M | $415.4M | $471.5M | $496.9M | $499.4M | -$152.3M | $510.5M | $785.7M | $665M | $802.1M | $604.3M | $314.1M | $176.2M | -$14.3M | $117M | $204.4M | $178.5M | $128M | $95.4M | $105.5M | $105.8M | $39.1M | $0 | -$7.9M | $8.1M | $23.9M | $16.2M | $15.8M |
| Net Income | $11.31B | $8.48B | $3.9B | $722M | $3.35B | $5.7B | $3.97B | $2.62B | $1.59B | $1.03B | $1.27B | $1.28B | $1.17B | $902.3M | $1.02B | $1.07B | $1.06B | -$70M | $1.18B | $1.65B | $1.39B | $1.65B | $1.26B | $667.3M | $411.4M | $46.1M | $295.2M | $456.7M | $400M | $313.7M | $250.5M | $274.3M | $267.3M | $153.8M | $32.9M | $93.4M | $78M | $108.1M | $91.3M | $55.3M |
| Net Income Margin | 12.9% | 11.3% | 6.3% | 1.5% | 7.0% | 13.4% | 10.2% | 8.2% | 5.9% | 4.4% | 6.1% | 6.6% | 6.4% | 5.3% | 6.4% | 7.0% | 7.3% | -0.5% | 8.1% | 11.1% | 9.7% | 12.0% | 10.6% | 7.2% | 5.5% | 0.7% | 4.8% | 8.6% | 8.7% | 9.0% | 8.3% | 11.4% | 13.7% | 8.8% | 2.2% | 68.3% | 5.6% | 8.0% | 9.1% | 7.6% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 19.29 | 14.45 | 6.61 | 1.19 | 5.69 | 9.71 | 6.75 | 4.49 | 2.74 | 1.77 | 2.16 | 2.17 | 1.95 | 1.50 | 1.61 | 1.62 | 1.59 | -0.10 | 1.66 | 2.13 | 1.77 | 1.94 | 1.45 | 0.76 | 0.47 | 0.05 | 0.34 | 0.53 | 0.46 | 0.35 | 0.27 | 0.30 | 0.30 | 0.19 | 0.03 | 0.11 | 0.08 | 0.11 | 0.09 | 0.05 |
| Diluted EPS | 19.23 | 14.40 | 6.58 | 1.18 | 5.66 | 9.66 | 6.72 | 4.46 | 2.72 | 1.76 | 2.15 | 2.15 | 1.93 | 1.48 | 1.59 | 1.61 | 1.57 | -0.10 | 1.65 | 2.10 | 1.74 | 1.91 | 1.42 | 0.75 | 0.46 | 0.05 | 0.33 | 0.51 | 0.44 | 0.34 | 0.27 | 0.30 | 0.30 | 0.17 | 0.03 | 0.10 | 0.11 | 0.10 | 0.09 | 0.05 |
| Weighted Average OS | 586.30M | 585.50M | 584.90M | 584.40M | 584.50M | 584.90M | 583.80M | 582.40M | 580.80M | 581.70M | 585.50M | 590.60M | 599.10M | 603.30M | 632.30M | 657.90M | 666.80M | 668.00M | 710.40M | 774.30M | 787.70M | 851.60M | 867.20M | 876.00M | 884.00M | 878.40M | 874.80M | 870.00M | 864.00M | 909.28M | 922.09M | 916.88M | 893.48M | 796.31M | 963.88M | 876.50M | 1.02B | 1.01B | 1.04B | 1.01B |
| EBITDA | $14.81B | $11.28B | $5.46B | $1.47B | $4.77B | $7.72B | $5.66B | $3.59B | $2.53B | $1.81B | $2.2B | $2.12B | $1.94B | $1.54B | $1.71B | $1.78B | $1.82B | $48M | $1.94B | $2.61B | $2.23B | $2.82B | $2.04B | $1.14B | $720.8M | $187.2M | $560.4M | $778.3M | $679.7M | $527M | $423.4M | $454.4M | $428.9M | $68.8M | $997.9M | $0 | $66.7M | $0 | $0 | $0 |
| EBITDA Margin | 16.9% | 15.0% | 8.8% | 3.0% | 10.0% | 18.1% | 14.5% | 11.2% | 9.4% | 7.7% | 10.6% | 10.9% | 10.7% | 9.0% | 10.8% | 11.7% | 12.5% | 0.4% | 13.2% | 17.7% | 15.6% | 20.5% | 17.2% | 12.3% | 9.6% | 2.8% | 9.2% | 14.7% | 14.7% | 15.2% | 14.1% | 18.8% | 21.9% | 4.0% | 66.8% | - | 4.8% | - | - | - |
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 | $125M | $143M | $85M | $203.5M | $187.1M | $76.5M | $226.2M | $69.5M | $265M | $211.5M | $224.1M | $108.4M | $75.1M | $179.1M | $155.7M | $158.9M | $160.7M | $2.9M | $5.8M | $5.6M | $5.6M | $20M | $12.1M | $16.9M | $11.2M | $8.9M | $14.2M | $18.6M | $23.3M | $15.4M | $16.2M | $13.4M | $8.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $19.71B | $75.95B | $62.17B | $49.51B | $44.82B | $42.03B | $34.91B | $29.91B | $23.07B | $19.82B | $17.5B | $15.7B | $14.81B | $13.76B | $13.31B | $1.09B | $1.08B | $1.15B | $382.4M | $581.2M | $773.6M | $1.38B | $648M | $567.8M | $227.4M | $186.8M | $229M | $441.9M | $409.4M | $159.7M | $302.8M | $279.1M | $230.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $19.84B | $76.09B | $62.25B | $49.72B | $45B | $42.11B | $35.14B | $29.98B | $23.34B | $20.03B | $17.73B | $15.81B | $14.89B | $13.94B | $13.47B | $1.25B | $1.24B | $1.16B | $388.2M | $586.8M | $779.2M | $1.4B | $660.1M | $584.7M | $238.6M | $195.7M | $243.2M | $460.5M | $432.7M | $175.1M | $319M | $292.5M | $239.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $20.11B | $19.13B | $17.05B | $16.25B | $14.38B | $12.18B | $10.89B | $6.5B | $5.42B | $4.51B | $3.99B | $3.54B | $3.31B | $3.18B | $2.93B | $2.93B | $2.45B | $2.41B | $2.4B | $2.5B | $2.5B | $2.68B | $2.35B | $1.96B | $1.9B | $2.04B | $2.27B | $2.02B | $1.48B | $1.13B | $988M | $922.1M | $761.5M | $312M | $323.3M | $261M | $235.1M | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $13M | -$72.25B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $40.16B | $23.32B | $79.56B | $66.26B | $59.84B | $54.65B | $46.65B | $36.78B | $28.96B | $24.71B | $21.92B | $19.43B | $18.27B | $17.19B | $16.47B | $4.27B | $3.76B | $3.63B | $2.85B | $3.17B | $3.38B | $3.8B | $3.13B | $2.42B | $2.01B | $2.1B | $2.35B | $2.28B | $1.99B | $1.39B | $1.38B | $1.3B | $1.09B | $312M | $323.3M | $261M | $235.1M | $0 | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $783M | $790M | $881M | $1.03B | $1.14B | $1.11B | $1.21B | $1.13B | $1.12B | $1.18B | $1.04B | $960.6M | $960.9M | $933.7M | $911.3M | $932.6M | $961.3M | $997.1M | $1B | $973.4M | $758.7M | $666.5M | $584.7M | $503.1M | $498M | $504.5M | $447.7M | $376.2M | $260.4M | $169.9M | $159.2M | $143.3M | $106.7M | $63.5M | $75.3M | $0 | $48.5M | $0 | $0 | $0 |
| Goodwill | $0 | $228M | $228M | $227.9M | $452.7M | $452.7M | $452.7M | $452.7M | $452.7M | $449.4M | $447.6M | $1.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.04B | $1.96B | $1.69B | $86.3M | $117.3M | $171.4M | $228.3M | $294.6M | $366.6M | $432.8M | $494.9M | $11.3M | $447.6M | $434.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $77.66B | $80.25B | $66B | $53.55B | $51.51B | -$42.03B | -$34.91B | -$29.91B | -$23.07B | -$19.82B | -$17.5B | -$15.7B | -$14.81B | -$13.76B | -$13.31B | -$1.09B | -$1.08B | -$1.15B | -$382.4M | -$581.2M | -$773.6M | -$1.38B | -$648M | -$567.8M | -$227.4M | -$186.8M | -$229M | -$441.9M | -$409.4M | -$159.7M | -$302.8M | -$279.1M | -$230.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $748M | $0 | $0 | $0 | $0 | $0 | $0 | $43.2M | $0 | $0 | $0 | $0 | $0 | $109.4M | $196M | $189M | $416.7M | $821.6M | $106M | $16.8M | $138.3M | $0 | $81.6M | $0 | $178.1M | $241.1M | $273.7M | $192.9M | $116.5M | $62.1M | $58.3M | $103.2M | $78.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.64B | -$804M | -$59.66B | -$45.69B | -$41.93B | $49.74B | $41.28B | $37.78B | $30.87B | $26.48B | $23.43B | $21.08B | $19.54B | $17.79B | $17.58B | $16.85B | $15.99B | $13.96B | $15.27B | $15.9B | $15.39B | $14.09B | $13.14B | $11.2B | $8.66B | $7.4B | $6.87B | $6.06B | $5.6B | $4.72B | $4.06B | $3.41B | $2.97B | $2.63B | $2.58B | $825.2M | $2.36B | $2.31B | $1.79B | $1.27B |
| Total Long-Term Assets | $82.88B | $82.42B | $9.14B | $9.2B | $11.29B | $9.44B | $8.26B | $9.79B | $9.74B | $8.72B | $7.9B | $6.36B | $6.13B | $5.5B | $5.38B | $16.89B | $16.29B | $14.62B | $15.99B | $16.31B | $15.52B | $13.38B | $13.16B | $11.14B | $9.11B | $7.96B | $7.36B | $6.19B | $5.57B | $4.79B | $3.98B | $3.38B | $2.93B | $2.69B | $2.66B | $825.2M | $2.41B | $2.31B | $1.79B | $1.27B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $123.04B | $105.75B | $88.69B | $75.47B | $71.13B | $64.1B | $54.91B | $46.58B | $38.7B | $33.43B | $29.82B | $25.79B | $24.41B | $22.69B | $21.84B | $21.15B | $20.05B | $18.25B | $18.84B | $19.48B | $18.9B | $17.18B | $16.28B | $13.56B | $11.12B | $10.05B | $9.7B | $8.46B | $7.56B | $6.18B | $5.35B | $4.68B | $4.01B | $3.01B | $2.98B | $1.09B | $2.65B | $2.31B | $1.79B | $1.27B |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $5.53B | $6.07B | $4.96B | $4.62B | $5.05B | $3.48B | $2.5B | $2.07B | $1.89B | $1.78B | $1.68B | $1.77B | $0 | $0 | $0 | $0 | $0 | $1.51B | $1.32B | $1.29B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $499.4M | $499.1M | $3.27B | $0 | $0 | $0 | $0 | $149.9M | $499.7M | $0 | $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 Income Tax Payable | $0 | $0 | $311.8M | $10.9M | $0 | $163.5M | $224M | $16.8M | $23.8M | $41.2M | $0 | $0 | $0 | $0 | $52.1M | $48.7M | $36.5M | $0 | $0 | $0 | $0 | $26M | $61.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $25.22B | $23.86B | $20.13B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $43.31B | $39.06B | $34.39B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $68.53B | $62.91B | $54.52B | $5.53B | $6.07B | $4.96B | $5.12B | $5.55B | $6.75B | $2.5B | $2.07B | $1.89B | $1.78B | $1.83B | $2.27B | $0 | $0 | $0 | $0 | $0 | $1.51B | $1.32B | $1.29B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $6.9B | $6.89B | $6.89B | $6.39B | $4.9B | $5.4B | $4.41B | $3.91B | $37.1M | $3.15B | $2.71B | $2.16B | $1.86B | $1.91B | $1.94B | $1.96B | $2.18B | $2.18B | $2.17B | $1.19B | $1.28B | $1.28B | $1.49B | $1.49B | $1.1B | $748.8M | $1.05B | $776.6M | $775.9M | $775.7M | $675.9M | $675.6M | $477.1M | $568.5M | $644M | $640.8M | $645.9M | $479.2M | $216.9M | $100.8M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $152.9M | $310M | $118M | $0 | $135M | $111.3M | $109.3M | $98.9M | $28.4M | $0 | $0 | $0 | $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 | $17.29B | $10.35B | $7B | $47.65B | $41.78B | $36.4B | $31.6B | $26.3B | $22.49B | $19.72B | $17.64B | $14.7B | $14.54B | $12.94B | $11.83B | $13.14B | $12.12B | $11.86B | $11.73B | $11.45B | $10B | $9.42B | $8.47B | $8.31B | $6.78B | $6.43B | $5.9B | $5.13B | $4.65B | $3.73B | $3.2B | $2.85B | $2.54B | $1.81B | $1.87B | $36.9M | $1.57B | $1.41B | $1.17B | $854M |
| Total Long-Term Liabilities | $24.19B | $17.24B | $13.89B | $54.04B | $46.83B | $42.1B | $36.12B | $30.21B | $22.67B | $22.97B | $20.46B | $16.97B | $16.43B | $14.85B | $13.77B | $15.1B | $14.3B | $14.04B | $13.91B | $12.64B | $11.28B | $10.7B | $9.96B | $9.8B | $7.87B | $7.18B | $6.95B | $5.91B | $5.42B | $4.51B | $3.88B | $3.52B | $3.01B | $2.38B | $2.51B | $677.7M | $2.21B | $1.89B | $1.39B | $954.8M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $92.72B | $80.15B | $68.41B | $59.57B | $52.9B | $47.06B | $41.24B | $35.75B | $29.42B | $25.47B | $22.53B | $18.86B | $18.22B | $16.69B | $16.04B | $15.1B | $14.3B | $14.04B | $13.91B | $12.64B | $12.79B | $12.03B | $11.25B | $9.8B | $7.87B | $7.18B | $6.95B | $5.91B | $5.42B | $4.51B | $3.88B | $3.52B | $3.01B | $2.38B | $2.51B | $677.7M | $2.21B | $1.89B | $1.39B | $954.8M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $494M | $493.9M | $493.9M | $493.9M | $493.9M | $493.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $83.6M | $85.8M | $87.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $586M | $586M | $585M | $584.9M | $584.4M | $585.2M | $584.6M | $583.2M | $581.7M | $579.9M | $583.6M | $587.8M | $595.8M | $604.6M | $613M | $662.4M | $672.6M | $676.5M | $680.2M | $748M | $197.3M | $200.4M | $216.4M | $218M | $73.4M | $73.5M | $73.1M | $72.5M | $72.3M | $71.5M | $72.1M | $71.2M | $72.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $27.33B | $24.28B | $18.8B | $15.72B | $15.34B | $13.35B | $10.68B | $8.39B | $6.03B | $5.14B | $4.69B | $4.13B | $3.5B | $3.45B | $3.5B | $3.6B | $3.68B | $2.7B | $2.93B | $4.65B | $4.73B | $3.81B | $3.73B | $2.8B | $2.5B | $2.22B | $2.21B | $1.93B | $1.53B | $1.15B | $894.2M | $668.5M | $446.8M | $207.3M | $208.8M | $287.2M | $0 | $263.3M | $226.4M | $139.5M |
| Comprehensive Income & Other | $103M | -$1.42B | -$1.62B | -$2.8B | $40.7M | $931.7M | $341.7M | -$120.9M | $1.28B | $933.4M | $800.4M | $1.02B | $951.7M | $871M | $692.5M | $783.7M | $453.2M | -$51.9M | $492.8M | $604.3M | $398.7M | $444.8M | $425M | $169.3M | $125.9M | $64.7M | -$12.4M | $103.7M | $122.3M | $74M | $51.1M | -$30.7M | $33.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $2.41B | $722M | $891M | -$415.1M | $2.31B | $3.1B | $2.41B | $1.85B | $2.67B | $2.24B | $2.02B | $2.21B | $2.09B | $1.95B | $1.7B | $1.79B | $1.39B | $841M | $1.33B | $1.45B | $1.18B | $1.14B | $1.08B | $754M | $679.9M | $575.9M | $469.2M | $552M | $535.1M | $455.8M | $509.5M | $412.2M | $479M | $421.7M | $256.9M | $121.3M | $435.2M | $153.9M | $168.6M | $171.9M |
| Total Equity | $30.32B | $25.59B | $20.28B | $15.89B | $18.23B | $17.04B | $13.67B | $10.82B | $9.28B | $7.96B | $7.29B | $6.93B | $6.19B | $6.01B | $5.81B | $6.05B | $5.75B | $4.22B | $4.94B | $6.85B | $6.11B | $5.16B | $5.03B | $3.77B | $3.25B | $2.87B | $2.75B | $2.56B | $2.14B | $1.68B | $1.48B | $1.15B | $997.9M | $629M | $465.7M | $408.5M | $435.2M | $417.2M | $395M | $311.4M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $123.04B | $105.75B | $88.69B | $75.47B | $71.13B | $64.1B | $54.91B | $46.58B | $38.7B | $33.43B | $29.82B | $25.79B | $24.41B | $22.69B | $21.84B | $21.15B | $20.05B | $18.25B | $18.84B | $19.48B | $18.9B | $17.18B | $16.28B | $13.56B | $11.12B | $10.05B | $9.7B | $8.46B | $7.56B | $6.18B | $5.35B | $4.68B | $4.01B | $3.01B | $2.98B | $1.09B | $2.65B | $2.31B | $1.79B | $1.27B |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $6.9B | $6.89B | $6.89B | $6.39B | $4.9B | $5.4B | $4.91B | $4.4B | $3.31B | $3.15B | $2.71B | $2.16B | $1.86B | $2.06B | $2.44B | $1.96B | $2.18B | $2.18B | $2.17B | $1.19B | $1.28B | $1.28B | $1.49B | $1.49B | $1.1B | $748.8M | $1.05B | $776.6M | $775.9M | $775.7M | $675.9M | $675.6M | $477.1M | $568.5M | $644M | $640.8M | $645.9M | $479.2M | $216.9M | $100.8M |
| Net Debt | $6.77B | $6.75B | $6.8B | $6.18B | $4.71B | $5.32B | $4.68B | $4.34B | $3.04B | $2.94B | $2.48B | $2.06B | $1.79B | $1.88B | $2.29B | $1.8B | $2.02B | $2.17B | $2.17B | $1.18B | $1.28B | $1.26B | $1.48B | $1.47B | $1.08B | $739.9M | $1.03B | $758M | $752.6M | $760.3M | $659.7M | $662.2M | $468.4M | $568.5M | $644M | $640.8M | $645.9M | $479.2M | $216.9M | $100.8M |
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 | $11.31B | $8.48B | $3.9B | $721.5M | $3.35B | $5.7B | $3.98B | $2.62B | $1.6B | $1.06B | $1.3B | $1.28B | $1.17B | $902.3M | $1.02B | $1.07B | $1.06B | -$70M | $1.18B | $1.65B | $1.39B | $1.65B | $1.26B | $667.3M | $411.4M | $46.1M | $295.2M | $456.7M | $400M | $313.7M | $250.5M | $274.3M | $267.3M | $139.6M | $32.9M | $93.4M | $78M |
| Depreciation & Amortization | $313M | $284M | $285M | $306M | $337.4M | $331.8M | $306.1M | $262.4M | $236.1M | $199.5M | $150.5M | $97.1M | $101.3M | $94.4M | $88.5M | $83.1M | $127.6M | $133.6M | $133.4M | $103.4M | $92.4M | $292.1M | $89.3M | $83.9M | $81M | $77.6M | $71.8M | $56.1M | $36.6M | $23.8M | $20.4M | $19.3M | $16.1M | $24.3M | $28.4M | $0 | $17.4M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.7M | $43.8M | $37.2M | -$12.3M | -$140.6M | -$178.8M | -$113M | $187.5M | $133M | -$1.8M | $0 | $177.8M | $235.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $132M | $122M | $121.3M | $122.7M | $100.7M | $89.4M | $90.2M | $77.2M | $95.4M | $85.2M | $66.2M | $51.4M | $64.9M | $63.4M | $2.1M | $2.4M | $1.8M | $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 | -$311M | -$2.08B | $0 | -$1.87B | -$1.66B | -$1.29B | -$1.69B | -$1.5B | -$1.3B | -$906.7M | -$623.7M | -$368.8M | -$316.6M | -$336.8M | -$191.4M | -$283.6M | -$46.2M | -$13.5M | $221.5M | -$11.4M | -$221.5M | -$323M | -$410.4M | -$279M | $124.2M | $203.4M | -$288.9M | $38.6M | -$214.9M | -$158.1M | -$53.2M | -$159.2M | -$98.3M | $13.3M | -$38.3M | -$29.2M | -$24.6M |
| Inventory | $0 | $0 | $0 | $0 | $6.67B | $3.29B | $3.99B | $3.82B | $2.99B | $2.08B | $1.54B | $624.4M | $864.7M | $946.3M | $356.8M | $591.2M | $146.6M | -$258.5M | $238.6M | $65.4M | $618.1M | $11.58B | $2.1M | $176.4M | $220.9M | $7.17B | $6.63B | $5.26B | $5.34B | $4.21B | $3.58B | $3.14B | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.56B | $1.24B | $12.5M | $199.5M | $399.7M | $328.9M | $611.6M | $746.6M | $400M | $308.9M | $37.9M | $92M | $165M | $123.6M | $4.5M | $7.3M | $12.5M | $0 | $95.5M | $71.7M | $651.3M | $992.8M | $1.48B | $1.42B | $435.2M | $465.4M | $789.6M | $118.7M | $688.2M | $500.4M | $365.5M | $365.4M | $245.8M | -$11.9M | $50.4M | $900K | $151.9M |
| Other Working Capital | $5.38B | $7.36B | $6.58B | $5.23B | -$59.9M | -$26M | -$33.6M | -$216.4M | -$307.4M | -$162.1M | -$167.4M | $84.3M | $29.7M | $9.4M | $34.3M | $38.1M | -$28.2M | $61.3M | -$258.7M | -$115.8M | -$801.4M | -$10.74B | $24M | -$234.4M | -$150M | -$6.43B | -$5.9B | -$5.13B | -$4.65B | -$3.73B | -$3.2B | -$2.85B | $168.1M | -$1M | $92.8M | -$28.3M | $163.3M |
| Total Working Capital Change | $6.63B | $6.51B | $6.6B | $3.56B | $5.36B | $2.3B | $2.87B | $2.85B | $1.78B | $1.32B | $787.1M | $431.9M | $742.8M | $742.5M | $204.2M | $353M | $84.7M | -$210.7M | $296.9M | $9.9M | $246.5M | $1.51B | $1.09B | $1.08B | $630.3M | $1.4B | $1.23B | $289.8M | $1.16B | $816.6M | $691.5M | $500.2M | $315.6M | $400K | $104.9M | -$56.6M | $290.6M |
| Other Non-Cash Items | -$835M | -$281M | -$260.8M | $2.14B | -$1.38B | -$1.52B | -$984.9M | $477.6M | $1M | -$1.6M | $900K | $4.8M | $4.3M | $1.8M | $100K | $39.5M | $217M | $1.7B | $2 | $27.6M | $261.2M | -$785.7M | -$1.7M | $78.6M | $111.9M | -$705.9M | -$820.6M | -$184.6M | -$862.6M | -$501.9M | -$431.8M | -$342.5M | -$275.5M | -$13.7M | $24.4M | -$109M | -$193M |
| Net Cash from Operating | $17.55B | $15.12B | $10.64B | $6.85B | $7.76B | $6.91B | $6.26B | $6.28B | $3.76B | $2.7B | $2.29B | $1.73B | $1.9B | $1.69B | $1.5B | $1.68B | $1.49B | $1.55B | $1.79B | $2.02B | $1.99B | $2.66B | $2.44B | $1.91B | $1.23B | $822.4M | $775.1M | $618M | $734.7M | $652.2M | $530.6M | $451.3M | $323.5M | $150.6M | $190.6M | -$72.2M | $193M |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$348M | -$285M | -$252M | -$292M | -$243.5M | -$223.5M | -$363.5M | -$266M | -$155.7M | -$215M | -$130.7M | -$108.1M | -$140.4M | -$127.7M | -$78.9M | -$64.7M | -$66.6M | -$98.5M | -$136.3M | -$334.3M | -$219.3M | -$192M | -$171.1M | -$89.9M | -$74.9M | -$130.3M | -$147.5M | -$174.2M | -$121.9M | -$35.8M | -$38.3M | -$58.2M | -$60M | -$12.1M | -$45.1M | $0 | -$16.9M |
| Acquisitions | $80M | $0 | $0 | $35.1M | -$313.2M | $21.9M | $53.3M | -$296.9M | -$18.1M | $6.2M | -$765.3M | $5.9M | $3.7M | $3.8M | $0 | $0 | $0 | $0 | $2M | $15.4M | $36.1M | $0 | $0 | $0 | $0 | $0 | -$9.9M | $0 | -$48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$59.09B | -$47.95B | -$25.86B | -$28.54B | -$34.02B | -$36.38B | -$29.15B | -$21.69B | -$14.84B | -$12.04B | -$9.96B | -$9.21B | -$7.42B | -$6.1B | -$7.08B | -$5.07B | -$10.92B | -$9.42B | -$16.83B | -$10.43B | -$33.22B | -$728.6M | -$10.34B | -$8.61B | -$6.63B | -$6.49B | -$7.17B | -$4.97B | -$7.67B | -$5.17B | -$3.36B | -$1.95B | -$1.69B | -$1.37B | -$1.28B | -$12.4M | -$2.06B |
| Sales of Investments | $44.76B | $34.23B | $15.24B | $21.02B | $31.34B | $30.38B | $25.11B | $14.9B | $11.63B | $9.73B | $8.93B | $8.51B | $6.05B | $6B | $6.41B | $4.64B | $9.8B | $8.2B | $17.03B | $10.12B | $687M | $717.9M | $8.4B | $8.27B | $6.59B | $4.31B | $5.26B | $2.73B | $5.71B | $3.31B | $1.73B | $828.7M | $69.2M | $1.36B | $1.17B | $0 | $1.78B |
| Other Investing Activities | $75M | $248M | $36M | -$177.8M | $114.1M | $83.6M | $6M | $21.1M | -$18.3M | $59.4M | $2.4M | -$30M | $152.2M | -$44M | $3M | $8M | $1.8M | $1.1M | $35.1M | -$138.9M | $31.17B | -$645.8M | -$37.1M | -$1.66B | -$1.37B | $1.79B | $1.01B | $1.82B | $1.41B | $1.28B | $1.16B | $590.7M | $1.29B | $0 | $0 | $82.7M | $0 |
| Net Cash from Investing | -$14.53B | -$13.75B | -$10.84B | -$7.96B | -$3.12B | -$6.12B | -$4.34B | -$7.33B | -$3.41B | -$2.46B | -$1.92B | -$836.9M | -$1.36B | -$264.9M | -$744.9M | -$486.5M | -$1.18B | -$1.31B | $96.1M | -$767.2M | -$1.55B | -$848.5M | -$2.15B | -$2.09B | -$1.48B | -$510.7M | -$1.06B | -$599.1M | -$717.9M | -$616.7M | -$519.6M | -$590M | -$389.2M | -$23.5M | -$161.4M | $70.3M | -$301.8M |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | - | - | -$496.3M | -$1.49B | $520M | -$986.3M | - | -$1.1B | -$156.5M | -$451.9M | -$342.3M | -$295.8M | $208.1M | $382.5M | -$476.9M | $214.3M | - | - | -$1.02B | $100M | - | $206M | - | -$397.8M | -$364.9M | $300.4M | -$271.4M | - | $20.4M | -$99.2M | $400K | -$198M | $92M | $900K | $800K | $1M | -$171.4M |
| Common Stock Issuance | $0 | $500M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30.8M | $43.3M | $44.2M | $51.7M | $50M | $22.6M | $26M | $18.6M | $12.6M | $11.5M | $14.1M | $6.9M | $10.1M | $5.1M | $178.8M | $4.2M | $96.4M | $0 | $5.5M |
| Common Stock Repurchases | -$166M | -$634M | -$140.7M | -$99M | -$223M | -$111.6M | -$91.3M | -$79M | -$62.5M | -$192.5M | -$208.5M | -$271.4M | -$273.4M | -$174.2M | -$997.8M | -$258.6M | -$180.6M | -$179.4M | -$1.55B | -$1.21B | -$482.8M | -$1.63B | -$316.8M | -$214.3M | -$120.2M | -$17.8M | -$600K | -$42.6M | -$2.9M | -$128.7M | -$2.3M | -$36.3M | -$12.2M | -$105.9M | -$107.3M | -$95.7M | -$52.5M |
| Dividends Paid | -$2.87B | -$674M | -$234M | -$234M | -$3.75B | -$1.55B | -$1.64B | -$654.9M | -$395.4M | -$519M | -$403.6M | -$892.6M | -$175.6M | -$853.7M | -$263.6M | -$763.7M | $0 | -$98.3M | -$1.41B | -$25M | -$23.7M | -$23.3M | -$21.7M | -$21.1M | -$20.6M | -$19.8M | -$19M | -$18.1M | -$17.3M | -$19.6M | -$24.1M | -$23.4M | -$23.1M | -$20.8M | -$17M | -$11.5M | -$11.6M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | -$235.7M | -$9.6M | -$293.6M | $500K | $9.2M | $17M | $12.8M | $10.3M | $6.3M | $28.8M | $14M | $28.5M | $38.1M | $46.3M | $38.8M | $0 | $0 | -$50M | $0 | $0 | $2.4M | $900K | $25.6M | $17.6M | $5.9M | $8.5M | $0 | $0 | $0 | -$96.4M | $110M | $0 |
| Net Cash from Financing | -$3.04B | -$1.32B | $78M | $1.13B | -$4.52B | -$938.8M | -$1.77B | $549.8M | -$300.9M | -$250.4M | -$252.8M | -$855.4M | -$646.8M | -$1.4B | -$755.7M | -$1.2B | -$152.1M | -$239.6M | -$1.89B | -$1.26B | -$462.3M | -$1.81B | -$288.5M | $185M | $250.1M | -$317M | $284.8M | -$23.6M | -$8.9M | -$36.3M | -$8.2M | $143.4M | $51.5M | -$123.4M | -$28.7M | $1.8M | $112.8M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$300K | $400K | -$200K | $0 | -$600K | $1M | -$500K | $800K | $1.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$127.1M | -$29.2M | $1.9M | $108.8M |
| Net Change in Cash | -$16M | $54M | -$121.3M | $18.8M | $125.6M | -$150.9M | $152.4M | -$200.3M | $48.9M | -$12.6M | $116M | $33.3M | -$104M | $23.4M | -$3.2M | -$1.8M | $157.8M | -$2.9M | $200K | $0 | -$14.4M | $7.9M | -$4.8M | $5.7M | $2.3M | -$5.3M | -$4.4M | -$4.7M | $7.9M | -$800K | $2.8M | $4.7M | -$14.2M | -$123.4M | -$28.7M | $1.8M | $112.8M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $17.55B | $15.12B | $10.64B | $6.85B | $7.76B | $6.91B | $6.26B | $6.28B | $3.76B | $2.7B | $2.29B | $1.73B | $1.9B | $1.69B | $1.5B | $1.68B | $1.49B | $1.55B | $1.79B | $2.02B | $1.99B | $2.66B | $2.44B | $1.91B | $1.23B | $822.4M | $775.1M | $618M | $734.7M | $652.2M | $530.6M | $451.3M | $323.5M | $150.6M | $190.6M | -$72.2M | $193M |
| Capital Expenditure | -$348M | -$285M | -$252M | -$292M | -$243.5M | -$223.5M | -$363.5M | -$266M | -$155.7M | -$215M | -$130.7M | -$108.1M | -$140.4M | -$127.7M | -$78.9M | -$64.7M | -$66.6M | -$98.5M | -$136.3M | -$334.3M | -$219.3M | -$192M | -$171.1M | -$89.9M | -$74.9M | -$130.3M | -$147.5M | -$174.2M | -$121.9M | -$35.8M | -$38.3M | -$58.2M | -$60M | -$12.1M | -$45.1M | $0 | -$16.9M |
| Free Cash Flow | $17.2B | $14.83B | $10.39B | $6.56B | $7.52B | $6.68B | $5.9B | $6.02B | $3.6B | $2.49B | $2.16B | $1.62B | $1.76B | $1.56B | $1.42B | $1.61B | $1.42B | $1.45B | $1.65B | $1.69B | $1.77B | $2.47B | $2.27B | $1.82B | $1.16B | $692.1M | $627.6M | $443.8M | $612.8M | $616.4M | $492.3M | $393.1M | $263.5M | $138.5M | $145.5M | -$72.2M | $176.1M |
| Cash at Beginning | $154M | $100M | $220.9M | $202.1M | $76.5M | $227.4M | $75M | $275.3M | $226.4M | $224.1M | $108.4M | $75.1M | $179.1M | $155.7M | $158.9M | $160.7M | $2.9M | $5.8M | $5.6M | $5.6M | $20M | $12.1M | $16.9M | $11.2M | $8.9M | $14.2M | $18.6M | $23.3M | $15.4M | $16.2M | $13.4M | $8.7M | $22.9M | $19.2M | $18.7M | $300K | $17.7M |
| Cash at End | $138M | $154M | $99.6M | $220.9M | $202.1M | $76.5M | $227.4M | $75M | $275.3M | $211.5M | $224.4M | $108.4M | $75.1M | $179.1M | $155.7M | $158.9M | $160.7M | $2.9M | $5.8M | $5.6M | $5.6M | $20M | $12.1M | $16.9M | $11.2M | $8.9M | $14.2M | $18.6M | $23.3M | $15.4M | $16.2M | $13.4M | $8.7M | -$104.2M | -$10M | $2.1M | $130.5M |