Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 22.4B | 13.0B | 12.8B | 7.2B |
| Net income | 20.2B | 18.2B | 15.2B | 6.1B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | -468M | 1.1B | 1.2B | -544M |
| Accounts receivable | 979M | -1.8B | -2.2B | 968M |
| Accounts payable | — | — | — | — |
| Other assets liabilities | 1.7B | -4.4B | -1.5B | 703M |
| Investing activities | 1.3B | -3.8B | -2.5B | -518M |
| Capital expenditures | -2.9B | -3.0B | -2.4B | -1.0B |
| Net intangibles | -475M | -197M | -118M | -161M |
| Net acquisitions | 5.1B | 0 | -45M | 0 |
| Purchase of investments | — | — | — | — |
| Sale of investments | — | — | — | — |
| Other investing activity | -973M | -878M | -75M | 507M |
| Financing activities | -3.8B | -5.0B | -2.2B | -17.6B |
| Long term debt issuance | 11.4B | 11.2B | 792M | 23M |
| Long term debt payments | -11.1B | -11.4B | -787M | -1.8B |
| Short term debt issuance | 250M | 0 | 0 | -14.8B |
| Common stock issuance | — | — | — | — |
| Common stock repurchase | 0 | -1.5B | -1M | 0 |
| Common dividends | -4.3B | -3.3B | -2.2B | -1.1B |
| Other financing charges | -2M | -6M | -23M | 84M |
| End cash position | 85.7B | 67.2B | 63.8B | 52.3B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 18.7B | 10.3B | 14.6B | 6.3B |