Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 2.7B | 3.1B | 4.4B | 4.6B |
| Net income | 3.2B | 3.0B | 3.9B | 3.3B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | -523M | 538M | 75M | -55M |
| Accounts receivable | 15M | -461M | 439M | 388M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | — | — | 0 | 966M |
| Investing activities | -2.7B | -2.6B | -2.0B | -782M |
| Capital expenditures | — | — | — | — |
| Net intangibles | — | — | — | — |
| Net acquisitions | — | — | — | — |
| Purchase of investments | -875M | -163M | -118M | -30M |
| Sale of investments | 874M | 109M | 0 | 241M |
| Other investing activity | -2.7B | -2.5B | -1.9B | -993M |
| Financing activities | -995M | -1.1B | -991M | -2.2B |
| Long term debt issuance | 1.9B | 2.5B | 1.7B | 2.4B |
| Long term debt payments | -2.2B | -2.9B | -2.5B | -3.4B |
| Short term debt issuance | -210M | -331M | 75M | -904M |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | 0 | 0 | 0 | 0 |
| Common dividends | -458M | -456M | -326M | -325M |
| Other financing charges | -1M | — | -1M | -1M |
| End cash position | 8.6B | 8.7B | 8.7B | 6.6B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 3.8B | 3.9B | 5.2B | 4.5B |