Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 56.6B | 38.4B | 41.7B | 69.8B |
| Net income | 69.1B | 51.7B | 49.1B | 68.8B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | -3.6B | -9.0B | -8.7B | 741M |
| Accounts receivable | -7.6B | -5.5B | 3.9B | -83M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -1.4B | 1.2B | -2.5B | 373M |
| Investing activities | -23.6B | 10.0B | -21.6B | -67.9B |
| Capital expenditures | -8.4B | -7.0B | -8.0B | -6.6B |
| Net intangibles | -2.6B | -2.1B | -1.9B | -2.3B |
| Net acquisitions | 0 | 8.0B | 0 | -17.2B |
| Purchase of investments | -97.8B | -43.5B | -83.6B | -189.5B |
| Sale of investments | 82.1B | 52.2B | 69.5B | 141.7B |
| Other investing activity | 447M | 370M | 504M | 3.7B |
| Financing activities | -13.7B | -13.1B | -8.0B | -7.6B |
| Long term debt issuance | — | — | — | — |
| Long term debt payments | -1.2B | -496M | 0 | — |
| Short term debt issuance | -638M | -46M | 916M | 85M |
| Common stock issuance | 1.1B | 452M | 0 | — |
| Common stock repurchase | -3.5B | -6.6B | 0 | 0 |
| Common dividends | -10.3B | -9.5B | -9.3B | -8.7B |
| Other financing charges | 839M | 3.1B | 398M | 977M |
| End cash position | 118.2B | 112.5B | 74.9B | 62.4B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 37.0B | 35.4B | 35.3B | 43.7B |