Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | -273.8B | -33.5B | -157.2B | -31.7B |
| Net income | 49.3B | 48.9B | 59.8B | 59.7B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | -114.9B | -24.7B | -40.4B | -3.0B |
| Accounts receivable | -202.6B | -51.6B | -166.6B | -30.7B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -5.6B | -6.0B | -10.0B | -57.7B |
| Investing activities | -121.5B | -73.3B | 40.5B | -8.6B |
| Capital expenditures | -2.6B | -4.6B | -5.1B | -4.0B |
| Net intangibles | -37.0B | -40.4B | -28.7B | -25.0B |
| Net acquisitions | 68.6B | 58M | 0 | — |
| Purchase of investments | -450.6B | -545.8B | -618.0B | -519.0B |
| Sale of investments | 252.2B | 471.4B | 676.7B | 532.0B |
| Other investing activity | 10.9B | 5.7B | -13.0B | -17.6B |
| Financing activities | -13.5B | -12.5B | -9.4B | -9.1B |
| Long term debt issuance | — | — | — | — |
| Long term debt payments | — | — | — | — |
| Short term debt issuance | — | — | — | — |
| Common stock issuance | 0 | 0 | 0 | 0 |
| Common stock repurchase | 0 | 0 | 0 | 0 |
| Common dividends | -11.4B | -12.5B | -11.0B | -9.1B |
| Other financing charges | -2.1B | -1M | 1.6B | -1M |
| End cash position | 795.1B | 625.5B | 804.7B | 697.6B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 307.8B | -95.8B | 71.3B | 47.2B |