Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 6.6B | 2.0B | -3.5B | 6.1B |
| Net income | 6.5B | 5.0B | 2.9B | 2.8B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | 548M | 2.0B | 826M | 750M |
| Accounts receivable | 943M | -1.2B | -1.6B | 678M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -1.4B | -3.8B | -5.6B | 1.8B |
| Investing activities | -12.8B | -5.8B | -6.5B | -4.3B |
| Capital expenditures | — | — | — | — |
| Net intangibles | — | — | — | — |
| Net acquisitions | — | 0 | 13M | 0 |
| Purchase of investments | -209M | -212M | -210M | -202M |
| Sale of investments | 572M | 457M | 520M | 1.2B |
| Other investing activity | -13.2B | -6.1B | -6.8B | -5.2B |
| Financing activities | 6.2B | -1.9B | 2.4B | -5.1B |
| Long term debt issuance | 16.0B | 8.3B | 400M | 3.6B |
| Long term debt payments | -11.4B | -5.4B | -4.7B | -3.6B |
| Short term debt issuance | 2.7B | -4.4B | 7.2B | -4.6B |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | -1M | 0 | 0 | 0 |
| Common dividends | -976M | -489M | -490M | -490M |
| Other financing charges | -2M | -1M | -3M | -40M |
| End cash position | 4.3B | 3.2B | 2.6B | 3.4B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 8.4B | 9.7B | 4.9B | 11.8B |