Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | -375.0B | -56.3B | -74.8B | -86.6B |
| Net income | 163.7B | 181.5B | 168.3B | 122.8B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | 63.3B | 49.8B | 43.0B | -6.2B |
| Accounts receivable | -430.5B | -285.8B | -274.5B | -134.6B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | -171.5B | -1.8B | -11.6B | -68.5B |
| Investing activities | -697.9B | -508.9B | -335.1B | -343.9B |
| Capital expenditures | — | — | — | — |
| Net intangibles | — | — | — | — |
| Net acquisitions | 48M | -4.5B | -12.0B | -29.5B |
| Purchase of investments | -628.1B | -631.2B | -641.5B | -529.0B |
| Sale of investments | 312.0B | 496.6B | 685.8B | 546.9B |
| Other investing activity | -381.9B | -369.7B | -367.5B | -332.3B |
| Financing activities | 101.0B | 83.6B | 93.3B | 82.4B |
| Long term debt issuance | 786.8B | 611.1B | 604.0B | 442.8B |
| Long term debt payments | -517.3B | -522.6B | -500.7B | -400.8B |
| Short term debt issuance | -151.0B | 71.3B | 4.3B | 62.3B |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | -13M | -14M | -17M | -31M |
| Common dividends | -32.6B | -30.9B | -30.7B | -30.6B |
| Other financing charges | 15.1B | -45.3B | 16.5B | 8.8B |
| End cash position | 1.2T | 1.1T | 1.2T | 1.1T |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 566.2B | 368.5B | 433.7B | 204.5B |