Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | -25.7B | -16.2B | -20.3B | -12.5B |
| Net income | -22.8B | -15.8B | -14.7B | -7.8B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | 350M | 886.9M | 1.1B | 195.4M |
| Other non cash items | 840M | 724.1M | -180.3M | -407.8M |
| Accounts receivable | 1.5B | -742.3M | -690.3M | -148.4M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -5.6B | -1.3B | -5.8B | -4.3B |
| Investing activities | -27.5B | -9.3B | -168.3M | -12.6B |
| Capital expenditures | -6.6B | -9.2B | -4.3B | -7.6B |
| Net intangibles | -3.2B | -2.9B | -4.1B | -1.2B |
| Net acquisitions | -280M | — | 0 | 0 |
| Purchase of investments | -94.9B | -37.7B | -38.8B | -127.4B |
| Sale of investments | 74.1B | 37.5B | 42.9B | 122.5B |
| Other investing activity | 140M | 143.6M | — | — |
| Financing activities | 60.9B | 18.8B | 7.8B | 31.9B |
| Long term debt issuance | 7.1B | 7.5B | 2.0B | 5.2B |
| Long term debt payments | -940M | -199.5M | 0 | 0 |
| Short term debt issuance | -230M | -161.1M | 5.2B | 1.9B |
| Common stock issuance | 55B | 11.6B | 566.6M | 24.7B |
| Common stock repurchase | — | — | — | — |
| Common dividends | — | — | — | — |
| Other financing charges | — | — | — | — |
| End cash position | 620M | -1.1B | 678.8M | 12.4B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | -33.7B | -18.5B | -23.5B | -17.7B |