Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 196.8B | 192.8B | 160.7B | 140.1B |
| Net income | 132.2B | 111.1B | 113.7B | 122.3B |
| Depreciation | 29.6B | 34.1B | 33.4B | 30.9B |
| Deferred taxes | 42.8B | 36.1B | 34.0B | 28.9B |
| StockBased compensation | 5.6B | 5.6B | 4.0B | 4.1B |
| Other non cash items | -23.6B | -12.2B | -9.8B | -9.7B |
| Accounts receivable | 563M | 14.4B | 573M | -43.2B |
| Accounts payable | 548M | -435M | -9.8B | 9.7B |
| Other assets liabilities | 9.2B | 4.1B | -5.3B | -3.0B |
| Investing activities | -109.2B | -8.4B | -98.2B | -236.8B |
| Capital expenditures | -13.2B | -6.2B | -14.3B | -19.4B |
| Net intangibles | — | — | — | — |
| Net acquisitions | -964M | -5.8B | -45.6B | -128.2B |
| Purchase of investments | -801.6B | -975.1B | -806.6B | -1.0T |
| Sale of investments | 706.5B | 978.6B | 740.9B | 953.7B |
| Other investing activity | — | — | 27.4B | -27.4B |
| Financing activities | -55.3B | -172.1B | -52.2B | 51.7B |
| Long term debt issuance | 195.6B | 120.5B | 161.0B | 260.1B |
| Long term debt payments | -188.1B | -140.6B | -178.6B | -201.5B |
| Short term debt issuance | — | — | — | — |
| Common stock issuance | 27M | 13M | 12M | 6M |
| Common stock repurchase | 0 | -145.2B | 0 | 0 |
| Common dividends | -62.8B | -5.2B | -32.8B | -5.5B |
| Other financing charges | — | -1.6B | -1.8B | -1.4B |
| End cash position | 122.0B | 97.0B | 91.9B | 103.8B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 154.4B | 165.7B | 115.8B | 90.6B |