Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 20.3B | 16.7B | 15.8B | 10.5B |
| Net income | 21.2B | 19.4B | 17.4B | 16.0B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | 430M | 350M | 190M | 100M |
| Other non cash items | -240M | -40M | 70M | -200M |
| Accounts receivable | -2.1B | -430M | -3.6B | -2.7B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | 980M | -2.5B | 1.7B | -2.8B |
| Investing activities | -6.9B | 1.1B | -9.1B | 1.6B |
| Capital expenditures | -1.2B | -1.4B | -1.6B | -1.3B |
| Net intangibles | — | — | — | — |
| Net acquisitions | 0 | -1.0B | -2.8B | -550M |
| Purchase of investments | -9.7B | -2.3B | -4.8B | -1.5B |
| Sale of investments | 4.0B | 5.8B | — | 4.9B |
| Other investing activity | — | — | — | 30M |
| Financing activities | -4.9B | -14.3B | -4.4B | -11.6B |
| Long term debt issuance | — | — | 1.3B | — |
| Long term debt payments | -50M | -910M | — | — |
| Short term debt issuance | — | — | — | — |
| Common stock issuance | 460M | 340M | 90M | 410M |
| Common stock repurchase | — | — | — | — |
| Common dividends | -4.5B | -12.3B | -5.8B | -12.0B |
| Other financing charges | -820M | -1.4B | 40M | -80M |
| End cash position | 3.2B | 2.3B | 2.1B | 2.8B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 12.0B | 12.8B | 12.4B | 8.8B |