Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 31.1B | 20.7B | 33.6B | 17.1B |
| Net income | 33.2B | 28.8B | 25.7B | 24.8B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | -586M | 8.8B | 1.7B | 273M |
| Accounts receivable | 5.8B | -10.4B | 9.7B | -5.1B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -7.2B | -6.5B | -3.6B | -2.8B |
| Investing activities | -56.5B | -61.0B | -51.2B | -45.4B |
| Capital expenditures | -40.4B | -47.4B | -33.8B | -29.4B |
| Net intangibles | -1.6B | -1.5B | -1.1B | -730M |
| Net acquisitions | -11.9B | -12.2B | -15.5B | -14.5B |
| Purchase of investments | -5.2B | -3.7B | -4.6B | -2.7B |
| Sale of investments | 4.4B | 3.3B | 3.5B | 2.0B |
| Other investing activity | -3.4B | -936M | -785M | -806M |
| Financing activities | 11.5B | 42.5B | 24.6B | 11.3B |
| Long term debt issuance | 48.1B | 50.7B | 48.3B | 32.6B |
| Long term debt payments | -15.0B | -14.9B | -13.4B | -17.3B |
| Short term debt issuance | -11.9B | 13.6B | -5.1B | 4.7B |
| Common stock issuance | — | — | — | 6M |
| Common stock repurchase | -406M | -1.4B | 0 | -3.6B |
| Common dividends | -6.5B | -5.6B | -5.1B | -4.7B |
| Other financing charges | -2.7B | 42M | -76M | -297M |
| End cash position | 67.3B | 79.3B | 56.1B | 42.2B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | -9.7B | 1.0B | 12.0B | 844M |