Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 23.0B | 18.6B | 25.7B | 32.5B |
| Net income | 15.8B | 13.8B | 18.4B | 28.3B |
| Depreciation | 4.8B | 4.6B | 4.4B | 4.8B |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | 1.9B | 1.4B | 2.2B | 942.3M |
| Accounts receivable | 667.3M | -249.4M | 745.5M | -599.5M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -159.1M | -859.0M | 74.8M | -949.2M |
| Investing activities | -8.1B | -6.9B | -10.8B | -4.0B |
| Capital expenditures | -8.1B | -7.6B | -5.8B | -5.0B |
| Net intangibles | — | — | — | — |
| Net acquisitions | 460.0M | 921.8M | -5.0B | 1.1B |
| Purchase of investments | — | — | — | — |
| Sale of investments | — | — | — | — |
| Other investing activity | -432.5M | -272.6M | 9.5M | -91.2M |
| Financing activities | -5.1B | -10.0B | -8.8B | -19.3B |
| Long term debt issuance | 3.6B | 4.4B | 7.0B | 992.7M |
| Long term debt payments | -1.4B | -6.3B | -2.8B | -2.9B |
| Short term debt issuance | — | — | — | — |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | — | — | — | — |
| Common dividends | -5.5B | -6.6B | -11.4B | -15.2B |
| Other financing charges | -1.7B | -1.5B | -1.6B | -2.2B |
| End cash position | 10.2B | 10.7B | 10.7B | 14.7B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 8.0B | 10.2B | 10.3B | 22.4B |