Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 64.1B | 62.9B | 65.8B | 21.8B |
| Net income | 57.2B | 55.7B | 45.1B | 23.6B |
| Depreciation | 17.1B | 14.8B | 12.6B | 11.8B |
| Deferred taxes | 19.5B | 16.2B | 15.3B | 8.7B |
| StockBased compensation | 424M | 407M | 397M | 592M |
| Other non cash items | 152M | -567M | 248M | -7M |
| Accounts receivable | -10.3B | -8.1B | -5.8B | -17.0B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -20.0B | -15.6B | -2.1B | -5.9B |
| Investing activities | -55.3B | -31.1B | -34.6B | -25.8B |
| Capital expenditures | -27.0B | -15.3B | -11.2B | -14.3B |
| Net intangibles | -6.2B | -11.0B | -7.5B | -1.4B |
| Net acquisitions | -53.4B | -12M | 0 | -326M |
| Purchase of investments | -254.5B | -145.5B | -136.2B | -89.0B |
| Sale of investments | 279.6B | 129.8B | 112.8B | 77.8B |
| Other investing activity | — | — | — | — |
| Financing activities | 22.4B | -1.5B | -25.0B | -1.1B |
| Long term debt issuance | 0 | 3.8B | 0 | 0 |
| Long term debt payments | -1.3B | -4.9B | -1.0B | -785M |
| Short term debt issuance | 24.5B | 5.5B | -19.4B | 3.5B |
| Common stock issuance | 193M | 805M | 368M | 334M |
| Common stock repurchase | -1.4B | — | — | 0 |
| Common dividends | -6.7B | -6.6B | -5.0B | -4.1B |
| Other financing charges | 7.1B | — | — | — |
| End cash position | 14.6B | 7.1B | 5.8B | 14.9B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 12.0B | 18.0B | 40.0B | 9.1B |