Financials
Cash flow
| Fiscal date | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Operating activities | 5.2B | 5.9B | 5.5B | 4.3B |
| Net income | 3.7B | 4.2B | 3.8B | 2.8B |
| Depreciation | 1.6B | 1.5B | 1.4B | 1.4B |
| Deferred taxes | 140M | 117M | 167M | 180M |
| StockBased compensation | — | — | — | — |
| Other non cash items | -5M | -17M | 12M | -32M |
| Accounts receivable | -51M | -101M | -141M | 83M |
| Accounts payable | 83M | 140M | 128M | -20M |
| Other assets liabilities | -341M | 91M | 114M | -100M |
| Investing activities | -2.3B | -2.1B | -1.9B | -649M |
| Capital expenditures | -2.2B | -1.9B | -1.3B | -1.6B |
| Net intangibles | — | — | — | — |
| Net acquisitions | -31M | -227M | -541M | 0 |
| Purchase of investments | -104M | -59M | -75M | -426M |
| Sale of investments | 153M | 9M | 5M | 1.4B |
| Other investing activity | -76M | 33M | -4M | -77M |
| Financing activities | -3.9B | -3.8B | -4.1B | -1.4B |
| Long term debt issuance | 600M | 2B | 0 | 1B |
| Long term debt payments | -153M | -186M | -426M | -745M |
| Short term debt issuance | — | — | — | — |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | -3.5B | -4.7B | -2.9B | -867M |
| Common dividends | -882M | -852M | -839M | -797M |
| Other financing charges | 50M | — | 39M | -34M |
| End cash position | 1.4B | 2.0B | 2.2B | 3.1B |
| Income tax paid | 630M | 1.2B | 931M | 664M |
| Interest paid | 806M | 729M | 718M | 750M |
| Free cash flow | 3.3B | 3.5B | 3.3B | 2.6B |