Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 4.7T | 3.8T | 2.8T | 4.2T |
| Net income | 4.8T | 5.1T | 2.5T | 2.9T |
| Depreciation | 2.3T | 2.1T | 2.0T | 1.8T |
| Deferred taxes | 1.6T | 1.9T | 1.2T | 1.1T |
| StockBased compensation | — | — | — | — |
| Other non cash items | -747.7B | -713.5B | -694.3B | -354.1B |
| Accounts receivable | -2.3T | -4.3T | -2.3T | -1.1T |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -843.9B | -278.9B | 77.8B | -188.5B |
| Investing activities | -3.8T | -4.7T | -1.3T | -231.4B |
| Capital expenditures | -3.1T | -2.6T | -1.6T | -1.9T |
| Net intangibles | -354.2B | -334.3B | -348.3B | -346.1B |
| Net acquisitions | — | — | — | — |
| Purchase of investments | -4.0T | -3.0T | -1.2T | -2.4T |
| Sale of investments | 3.7T | 2.3T | 1.3T | 2.2T |
| Other investing activity | -494.6B | -1.4T | 207.8B | 1.9T |
| Financing activities | 1.4T | 2.7T | 374.9B | -2.1T |
| Long term debt issuance | 13.4T | 12.1T | 9.3T | 8.1T |
| Long term debt payments | -10.9T | -8.8T | -8.4T | -8.8T |
| Short term debt issuance | 75.7B | 401.7B | 239.7B | -579.2B |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | — | — | — | — |
| Common dividends | -1.1T | -880.2B | -728.0B | -709.9B |
| Other financing charges | -76.4B | -97.9B | -60.7B | -51.7B |
| End cash position | 9.0T | 9.4T | 7.5T | 6.1T |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | -1.6T | -842.0B | -750.8B | -107.6B |