Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | 332.0B | 325.9B | 44.1B | 71.4B |
| Net income | 468.7B | 416.4B | 346.2B | 237.2B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | — | 70.4B | 38.2B | 36.1B |
| Accounts receivable | -157.8B | -94.1B | -125.7B | -85.4B |
| Accounts payable | — | — | — | — |
| Other assets liabilities | 21.1B | -66.8B | -214.5B | -116.6B |
| Investing activities | -4.8B | -1.5B | 14.0B | -143.3B |
| Capital expenditures | 13.8B | 24.1B | 19.2B | -141.0B |
| Net intangibles | — | — | — | — |
| Net acquisitions | -25.0B | -25.2B | -2.8B | -760M |
| Purchase of investments | -918M | -415M | -1.9B | -686M |
| Sale of investments | — | — | — | 242M |
| Other investing activity | 7.3B | 16M | -398M | -1.1B |
| Financing activities | -321.4B | -122.0B | -66.6B | -93.9B |
| Long term debt issuance | 557.2B | 402.2B | 603.0B | 443.5B |
| Long term debt payments | -522.7B | -438.3B | -637.9B | -482.2B |
| Short term debt issuance | -67.5B | 63.9B | 92.5B | 13.5B |
| Common stock issuance | — | 0 | 2.0B | 30.4B |
| Common stock repurchase | -101.2B | — | — | — |
| Common dividends | -166.6B | -139.1B | -113.5B | -72.8B |
| Other financing charges | -20.6B | -10.8B | -12.7B | -26.3B |
| End cash position | 385.6B | 403.2B | 290.0B | 315.4B |
| Income tax paid | — | — | — | — |
| Interest paid | — | — | — | — |
| Free cash flow | 311.3B | 231.8B | 22.9B | 138.0B |