Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 3.2B | 4.0B | 5.7B | 1.4B |
| Net income | 5.2B | 4.1B | 3.6B | 3.6B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | 715M | -201M | 197M | 141M |
| Accounts receivable | -2.3B | -53M | 2.6B | -3.2B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -423M | 82M | -703M | 806M |
| Investing activities | 4.5B | -14.7B | -6.5B | -1.5B |
| Capital expenditures | 7.7B | -4.9B | -5.4B | -831M |
| Net intangibles | -40M | -44M | -131M | -17M |
| Net acquisitions | -2.6B | -9.7B | -871M | -656M |
| Purchase of investments | -1.1B | -188M | -390M | -182M |
| Sale of investments | 446M | 43M | 16M | 208M |
| Other investing activity | — | — | 93M | -1M |
| Financing activities | -5.6B | 15.5B | 4.8B | -3.7B |
| Long term debt issuance | 7.5B | 19.9B | 0 | — |
| Long term debt payments | -13.1B | -1.5B | -457M | 0 |
| Short term debt issuance | 0 | -16.0B | 5.3B | -3.7B |
| Common stock issuance | 7M | 13.1B | 24M | 0 |
| Common stock repurchase | — | — | — | — |
| Common dividends | — | — | — | — |
| Other financing charges | — | 1M | 1M | — |
| End cash position | 7.5B | 8.3B | 4.1B | 4.4B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | -3.1B | -747M | -3.2B | 5.8B |