Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 14.2B | 2.4B | 12.9B | 19.0B |
| Net income | 17.2B | 19.7B | 21.4B | 19.5B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | 2.4B | 0 | — | — |
| Other non cash items | 724M | -3.0B | 1.1B | 2.5B |
| Accounts receivable | -4.7B | -11.3B | -9.1B | -569M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -1.5B | -3.0B | -428M | -2.4B |
| Investing activities | -946M | 9.3B | -12.0B | -4.9B |
| Capital expenditures | -6.6B | -3.1B | -2.8B | -2.2B |
| Net intangibles | -7.5B | -5.8B | -4.3B | -3.0B |
| Net acquisitions | -3.1B | -991M | 41M | -184M |
| Purchase of investments | -2.9B | -99M | -357M | -743M |
| Sale of investments | 4.4B | 3.7B | 1.3B | 170M |
| Other investing activity | 7.3B | 9.8B | -10.2B | -1.9B |
| Financing activities | 44.1B | -65.8B | 30.7B | 26.7B |
| Long term debt issuance | — | — | 0 | 10B |
| Long term debt payments | -426M | -40.5B | -23M | -10B |
| Short term debt issuance | 32M | -1M | -309M | -218M |
| Common stock issuance | 49.7B | 0 | 1.3B | 29.9B |
| Common stock repurchase | 0 | -20.0B | -1.3B | -12M |
| Common dividends | -4.1B | -4.3B | -4.2B | -3.3B |
| Other financing charges | -1.1B | -1.1B | 35.3B | 342M |
| End cash position | 129.7B | 79.8B | 131.4B | 97.6B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | -292M | -654M | 10.4B | 16.5B |