Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 126.6B | 147.2B | 120.9B | 107.7B |
| Net income | 144.2B | 139.3B | 133.5B | 118.7B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | 110M | 0 | 10M | -10M |
| Other non cash items | -9.8B | -5.2B | -3.0B | -1.0B |
| Accounts receivable | — | — | — | — |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -7.9B | 13.1B | -9.6B | -10B |
| Investing activities | 56.6B | -57.4B | -18.0B | -19.1B |
| Capital expenditures | -12.4B | -14.5B | -10.5B | -10.8B |
| Net intangibles | -210M | -90M | 420M | 260M |
| Net acquisitions | 6.0B | -40M | -3.8B | -410M |
| Purchase of investments | -254.6B | -305.1B | -263.2B | -522.3B |
| Sale of investments | 317.6B | 262.2B | 259.5B | 514.4B |
| Other investing activity | — | — | -20M | — |
| Financing activities | -124.7B | -96.7B | -85.1B | -75.8B |
| Long term debt issuance | — | — | — | — |
| Long term debt payments | — | -850M | -2.1B | -550M |
| Short term debt issuance | — | -850M | 850M | 0 |
| Common stock issuance | — | 0 | -20M | 0 |
| Common stock repurchase | — | — | — | — |
| Common dividends | -124.7B | -94.2B | -84.7B | -75.3B |
| Other financing charges | — | -850M | 850M | — |
| End cash position | 60.7B | 8.1B | 7.0B | 11.5B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 106.1B | 139.9B | 88.0B | 78.2B |