Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | -1.1T | -1.1T | -675.0B | -601.4B |
| Net income | 237.5B | 213.8B | 168.1B | 112.7B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | 5.5B | 3.9B | 3.4B | 2.6B |
| Other non cash items | -438.0B | -355.2B | -280.7B | -219.4B |
| Accounts receivable | -23.8B | -26.0B | -5.1B | -4.2B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -920.0B | -904.8B | -560.8B | -493.0B |
| Investing activities | -72.9B | -116.0B | -140.8B | 13.4B |
| Capital expenditures | -11.7B | -8.4B | -6.8B | -4.9B |
| Net intangibles | -5.4B | -4.7B | -4.4B | -2.6B |
| Net acquisitions | -2.3B | -2.7B | -927.4M | 0 |
| Purchase of investments | -2.0T | -2.7T | -4.0T | -3.4T |
| Sale of investments | 1.9T | 2.5T | 3.8T | 3.4T |
| Other investing activity | 65.1B | 57.2B | 54.8B | 49.5B |
| Financing activities | 705.9B | 830.6B | 513.2B | 325.4B |
| Long term debt issuance | 849.7B | 726.7B | 668.3B | 411.7B |
| Long term debt payments | -391.2B | -343.8B | -364.7B | -178.9B |
| Short term debt issuance | 87.9B | 220.2B | 79.2B | 47.0B |
| Common stock issuance | 5.2B | 91.7B | 2.3B | 1.7B |
| Common stock repurchase | — | — | — | — |
| Common dividends | -15.4B | -11.8B | -7.4B | -4.0B |
| Other financing charges | 169.9B | 147.6B | 135.6B | 47.8B |
| End cash position | 86.7B | 85.8B | 55.0B | 79.1B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | -639.8B | -701.1B | -407.0B | -345.8B |