Financials
Cash flow
| Fiscal date | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Operating activities | 1.6B | 1.8B | 2.7B | 1.9B |
| Net income | 2.4B | 1.7B | 2.1B | 1.8B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | -133M | 85M | 166M | 414M |
| Accounts receivable | -582M | -540M | -81M | -323M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -73M | 547M | 508M | -16M |
| Investing activities | -1.6B | -1.8B | -1.6B | -1.5B |
| Capital expenditures | -133M | -114M | -105M | -122M |
| Net intangibles | — | — | — | — |
| Net acquisitions | -769M | -324M | -2.0B | 1.1B |
| Purchase of investments | -23.6B | -22.4B | -21.2B | -28.4B |
| Sale of investments | 23.1B | 21.1B | 21.6B | 26.0B |
| Other investing activity | -169M | -1M | 13M | -3M |
| Financing activities | -1.6B | -1.2B | -862M | -830M |
| Long term debt issuance | 588M | 0 | 1.4B | 490M |
| Long term debt payments | 0 | -500M | -1.6B | -828M |
| Short term debt issuance | — | — | — | — |
| Common stock issuance | — | 0 | 0 | 334M |
| Common stock repurchase | -1.7B | -150M | -200M | 0 |
| Common dividends | -506M | -478M | -454M | -379M |
| Other financing charges | 14M | -42M | -1M | -447M |
| End cash position | 337M | 239M | 262M | 121M |
| Income tax paid | 496M | — | — | — |
| Interest paid | 214M | 232M | 261M | 292M |
| Free cash flow | 4.0B | 3.8B | 3.4B | 2.7B |