Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 12.3B | -158.8B | -72.9B | -70.5B |
| Net income | 118.9B | 91.4B | 80.5B | 78.6B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | -108.0B | -244.4B | -161.0B | -147.7B |
| Accounts receivable | 2.1B | -3.5B | -3.3B | -518M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -787M | -2.3B | 10.9B | -878M |
| Investing activities | 27.2B | 45.6B | -141.3B | 223.7B |
| Capital expenditures | -9.4B | -7.9B | -4.1B | -11.0B |
| Net intangibles | -5.6B | -8.1B | -6.7B | -4.9B |
| Net acquisitions | 0 | 7.6B | 0 | — |
| Purchase of investments | -879.6B | -868.1B | -1.0T | -1.5T |
| Sale of investments | 924.9B | 914.0B | 911.2B | 1.7T |
| Other investing activity | -8.8B | -149M | -246M | -1.4B |
| Financing activities | -69.2B | -51.0B | -56.7B | -43.6B |
| Long term debt issuance | — | — | — | 0 |
| Long term debt payments | -20B | -20B | -20B | -20B |
| Short term debt issuance | — | — | — | — |
| Common stock issuance | 0 | 99M | 0 | 0 |
| Common stock repurchase | -20.0B | -7.0B | -13.4B | -3.0B |
| Common dividends | -29.2B | -24.1B | -23.3B | -20.6B |
| Other financing charges | -1M | — | -2M | -21M |
| End cash position | 4.4T | 4.0T | 6.3T | 5.5T |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 360.5B | -2.2T | 953.3B | 1.2T |