Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 37.7B | 47.5B | 22.6B | 20.3B |
| Net income | 46.0B | 45.8B | 44.1B | 39.5B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | 588M | 1.2B | 1.1B | 538M |
| Other non cash items | -688M | -1.3B | -871M | 405M |
| Accounts receivable | -4.6B | 5.0B | -19.7B | -18.2B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -3.6B | -3.3B | -2.1B | -1.9B |
| Investing activities | -21.0B | -41.7B | -4.6B | -17.0B |
| Capital expenditures | -9.3B | -8.3B | -9.3B | -10.5B |
| Net intangibles | — | — | — | — |
| Net acquisitions | -81M | -59M | -1.5B | -1.9B |
| Purchase of investments | -280.9B | -320.0B | -200.1B | -148.5B |
| Sale of investments | 269.4B | 286.7B | 206.4B | 143.9B |
| Other investing activity | — | — | — | — |
| Financing activities | -20.4B | -18.0B | -15.5B | -13.5B |
| Long term debt issuance | — | — | — | 105M |
| Long term debt payments | -399M | — | — | — |
| Short term debt issuance | -399M | -866M | 665M | 105M |
| Common stock issuance | 35M | 12M | 12M | 2M |
| Common stock repurchase | — | — | — | — |
| Common dividends | -19.2B | -17.8B | -15.6B | -13.3B |
| Other financing charges | -345M | 586M | -594M | -475M |
| End cash position | 20.6B | 18.2B | 23.4B | 14.5B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 36.0B | 48.3B | 21.6B | 21.9B |