Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 2.9B | 3.5B | 2.5B | 796M |
| Net income | 1.6B | 853M | 331M | -937M |
| Depreciation | 790M | 710M | 692M | 692M |
| Deferred taxes | 243M | -104M | -40M | 14M |
| StockBased compensation | 244M | 121M | 96M | 81M |
| Other non cash items | — | — | — | — |
| Accounts receivable | -833M | -996M | -950M | -1.4B |
| Accounts payable | 2.7B | 1.8B | 2.8B | 3.6B |
| Other assets liabilities | -1.8B | 1.1B | -412M | -1.2B |
| Investing activities | -5.6B | -1.8B | -454M | 567M |
| Capital expenditures | -547M | -499M | -469M | -356M |
| Net intangibles | — | — | — | — |
| Net acquisitions | -5.3B | -1.2B | -10M | 901M |
| Purchase of investments | 0 | -554M | -7M | -78M |
| Sale of investments | 202M | 385M | 32M | 100M |
| Other investing activity | 2M | — | — | — |
| Financing activities | 1.9B | -847M | -3.1B | -2.5B |
| Long term debt issuance | 3.7B | 1.1B | 0 | 0 |
| Long term debt payments | -445M | -783M | -579M | -885M |
| Short term debt issuance | — | — | — | 0 |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | -765M | -750M | -2B | -1B |
| Common dividends | -494M | -499M | -525M | -559M |
| Other financing charges | -25M | 46M | 53M | -19M |
| End cash position | 3.9B | 5.1B | 4.1B | 4.7B |
| Income tax paid | 444M | 191M | 156M | — |
| Interest paid | 315M | 214M | 203M | 153M |
| Free cash flow | 1.9B | 3.3B | 2.4B | 2.8B |