Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 45.2B | 27.2B | 20.5B | 23.7B |
| Net income | 45.4B | 38.4B | 30.8B | 30.7B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | 359M | -450M | 360M | -569M |
| Accounts receivable | 4.0B | -5.4B | -4.4B | 100M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -4.5B | -5.3B | -6.3B | -6.5B |
| Investing activities | 6.0B | -149M | -8.2B | -4.8B |
| Capital expenditures | 161M | 107M | -8.1B | -7.4B |
| Net intangibles | — | -443M | -439M | -339M |
| Net acquisitions | 0 | -23M | 0 | 1.5B |
| Purchase of investments | -232M | -329M | -8M | -6M |
| Sale of investments | 5.9B | 340M | 401M | 1.2B |
| Other investing activity | 226M | -244M | -536M | -142M |
| Financing activities | -19.0B | -10.7B | -6.1B | -5.7B |
| Long term debt issuance | — | — | 0 | 120M |
| Long term debt payments | -5B | -8.5B | -3.3B | -400M |
| Short term debt issuance | -6.9B | 6.8B | 3.1B | 40M |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | — | -2.6B | -2M | -3M |
| Common dividends | -6.7B | -6.2B | -6.0B | -5.4B |
| Other financing charges | -390M | -251M | -1M | -1M |
| End cash position | 58.6B | 55.6B | 59.0B | 54.4B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 24.2B | 6.3B | 10.0B | 15.5B |