Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | -198.8B | -174.4B | -160.8B | -134.5B |
| Net income | 27.7B | 21.6B | 17.0B | 9.6B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | 169.7M | 0 | 0 | 0 |
| Other non cash items | -31.8B | -26.0B | -22.2B | -14.4B |
| Accounts receivable | -201.0B | -170.6B | -155.9B | -132.5B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | 6.1B | 555.5M | 184.3M | 2.8B |
| Investing activities | -7.8B | 2.0B | -6.4B | 21.8B |
| Capital expenditures | -197.4M | -223.2M | -165M | -167.8M |
| Net intangibles | -159.3M | -173.8M | -134.3M | -107.1M |
| Net acquisitions | — | — | — | — |
| Purchase of investments | -170.3B | -432.2B | -430.4B | -380.3B |
| Sale of investments | 162.7B | 434.4B | 424.1B | 402.3B |
| Other investing activity | — | — | — | — |
| Financing activities | 179.3B | 151.4B | 146.4B | 102.4B |
| Long term debt issuance | 266.8B | 240.0B | 266.6B | 161.1B |
| Long term debt payments | -140.1B | -118.2B | -110.8B | -69.2B |
| Short term debt issuance | -2.9B | 29.6B | -34.4B | 10.5B |
| Common stock issuance | 55.6B | 0 | 25.0B | 0 |
| Common stock repurchase | — | — | — | — |
| Common dividends | — | — | — | — |
| Other financing charges | -8M | — | — | — |
| End cash position | 616.3M | 638.6M | 938.8M | 4.1B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | -171.2B | -154.7B | -143.7B | -125.1B |