Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 5.6B | 7.1B | 4.8B | 3.5B |
| Net income | 7.0B | 7.3B | 6.2B | 6.5B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | 18M | 21M | 18M | 16M |
| Other non cash items | 359M | 220M | 132M | 13M |
| Accounts receivable | -785M | -82M | -597M | -377M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -977M | -388M | -904M | -2.6B |
| Investing activities | -5.2B | -5.7B | -6.0B | 4.7B |
| Capital expenditures | -5.4B | -5.5B | -3.1B | -3.4B |
| Net intangibles | — | — | — | — |
| Net acquisitions | 0 | -1.9B | 0 | 0 |
| Purchase of investments | — | — | -1.5B | — |
| Sale of investments | 221M | 242M | 94M | 4.1B |
| Other investing activity | — | 1.5B | -1.5B | 4.0B |
| Financing activities | -567M | -1.6B | -1.5B | -246M |
| Long term debt issuance | 487M | 359M | 58M | 221M |
| Long term debt payments | -31M | -275M | -286M | -240M |
| Short term debt issuance | -16M | 107M | -156M | 224M |
| Common stock issuance | 0 | 0 | 0 | 0 |
| Common stock repurchase | — | — | — | — |
| Common dividends | -1.0B | -1.0B | -603M | -451M |
| Other financing charges | — | -833M | -483M | — |
| End cash position | 6.1B | 6.1B | 5.3B | 6.4B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 848M | 2.7B | 2.5B | 2.0B |