Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 32.9B | 25.0B | 17.1B | 31.9B |
| Net income | 36.2B | 24.4B | 23.6B | 30.5B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | 3.1B | 1.9B | -2.2B | 3.0B |
| Accounts receivable | -6.6B | -2.2B | -2.7B | -4.3B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | 180M | 918M | -1.7B | 2.7B |
| Investing activities | -31.0B | -20.1B | -23.7B | 8.1B |
| Capital expenditures | -31.7B | -14.6B | -14.4B | -5.6B |
| Net intangibles | -1.5B | -1.6B | -1.3B | -519M |
| Net acquisitions | — | — | — | 0 |
| Purchase of investments | -115.2B | -74.4B | -58.1B | -83.1B |
| Sale of investments | 116.8B | 69.4B | 48.9B | 97.0B |
| Other investing activity | -966M | -615M | -212M | -88M |
| Financing activities | -7.1B | -5.8B | -6.6B | -4.6B |
| Long term debt issuance | — | — | — | — |
| Long term debt payments | — | — | — | — |
| Short term debt issuance | — | — | — | — |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | — | — | — | 0 |
| Common dividends | -6.3B | -5.3B | -5.3B | -4.2B |
| Other financing charges | -774M | -531M | -1.3B | -334M |
| End cash position | 39.8B | 52.8B | 61.1B | 77.3B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | -6.7B | 3.0B | -2.3B | 22.8B |