Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 30.2B | 23.5B | 24.5B | 17.7B |
| Net income | 28.7B | 26.1B | 23.3B | 20.9B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | 996M | -22M | 998M | -1.3B |
| Accounts receivable | -1.5B | -2.2B | -2.1B | -247M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | 2.0B | -425M | 2.4B | -1.7B |
| Investing activities | -836M | -418M | -1.4B | -43M |
| Capital expenditures | -698M | -283M | -552M | -380M |
| Net intangibles | -2.2B | -1.8B | -1.4B | -1.4B |
| Net acquisitions | -21M | 64M | -480M | 880M |
| Purchase of investments | -315M | -147M | -614M | -692M |
| Sale of investments | 312M | 0 | 238M | 0 |
| Other investing activity | -114M | -52M | -14M | 149M |
| Financing activities | -9.9B | -14.7B | -16.2B | -13.9B |
| Long term debt issuance | — | — | — | — |
| Long term debt payments | -19M | -35M | -43M | -48M |
| Short term debt issuance | -100M | 20M | 30M | -315M |
| Common stock issuance | 40M | 3M | 35M | 43M |
| Common stock repurchase | 0 | -6.0B | -8.0B | -5.0B |
| Common dividends | -9.5B | -8.6B | -8.2B | -8.2B |
| Other financing charges | -337M | -5M | -5M | -346M |
| End cash position | 50.9B | 37.7B | 36.5B | 34.3B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 24.5B | 17.4B | 20.4B | 14.3B |