Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 5.4B | 4.8B | 3.9B | 3.4B |
| Net income | 8.3B | 6.8B | 5.1B | 4.2B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | 52M | 413M | -58.6M | -110.9M |
| Accounts receivable | -774M | -1.2B | -580.2M | -512.1M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -2.1B | -1.3B | -535.2M | -251.2M |
| Investing activities | -950M | -2.2B | -2.7B | -2.2B |
| Capital expenditures | -1.0B | -2.0B | -2.7B | -1.6B |
| Net intangibles | -571M | -670M | -847.6M | -1.1B |
| Net acquisitions | -13M | -165M | -65.7M | -799.3M |
| Purchase of investments | -10M | 0 | -26.2M | -3.2M |
| Sale of investments | 54M | 55M | 133.9M | 250.1M |
| Other investing activity | 34M | -103M | -46.2M | -32.0M |
| Financing activities | -4.0B | -2.5B | -954.3M | 765.2M |
| Long term debt issuance | 2.6B | 2.4B | 0 | 4.7B |
| Long term debt payments | -3.0B | -2.4B | -1.9B | -2.0B |
| Short term debt issuance | -1.3B | -990M | 2.3B | -461.7M |
| Common stock issuance | — | 0 | 26.0M | 31.1M |
| Common stock repurchase | 0 | 0 | -76K | -30.1M |
| Common dividends | -2.2B | -1.5B | -1.2B | -1.1B |
| Other financing charges | -26M | -4M | -130.6M | -444.7M |
| End cash position | 2.1B | 1.9B | 2.0B | 2.2B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 4.1B | 2.7B | 748.5M | 311.1M |