KLA Corporation (KLAC)

Industry: Semiconductors Sector: Technology Currency Used: US Live Price: $1,567.82

Enterprise Value

Metric	MRQ	MRQ-1	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Stock Price	1,078.60	895.74	884.71	735.80	481.04	341.20	354.81	197.72	145.38	100.45	99.41	73.61	58.46	72.72	58.04	49.68	43.58	33.17	29.32	32.81	53.49	46.04	46.95	46.93	48.14	43.29	44.58	54.42	36.23	16.78	23.93	12.92
Market Capitalization	142,113.10M	118,266.34M	116,841.89M	98,782.28M	65,693.32M	49,613.43M	54,105.26M	30,656.26M	22,992.46M	15,563.37M	15,568.18M	11,481.47M	9,235.47M	12,009.72M	9,635.17M	8,282.88M	7,278.31M	5,576.08M	5,002.41M	5,685.81M	10,101.64M	9,186.55M	9,263.24M	9,199.06M	9,246.66M	8,146.41M	8,262.36M	10,088.42M	6,500.05M	4,351.19M	7,780.74M	1,321.48M
(-) Cash & Equivalents	1,946.21M	2,078.91M	1,961.05M	1,910.19M	1,718.25M	1,597.71M	1,513.35M	1,206.97M	1,009.09M	1,525.89M	1,125.74M	984.46M	777.55M	665.41M	904.48M	748.12M	730.26M	551.98M	565.54M	770.34M	597.16M	1,038.63M	824.32M	828.94M	619.98M	425.63M	402.31M	384.31M	297.13M	204.28M	217.33M	106.08M
(+) Total Debt	5,885.19M	6,088.28M	6,020.88M	6,635.51M	6,068.58M	5,804.23M	3,542.88M	3,548.98M	3,469.25M	2,293.90M	2,786.64M	3,038.25M	3,177.48M	1,371.75M	747.44M	746.90M	746.36M	745.81M	757.71M	558.60M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.94M	21.33M	20.33M	18.08M	3.45M
Enterprise Value	146,052.08M	122,275.72M	120,901.73M	103,507.59M	70,043.65M	53,819.94M	56,134.80M	32,998.27M	25,452.62M	16,331.37M	17,229.08M	13,535.27M	11,635.40M	12,716.06M	9,478.14M	8,281.67M	7,294.41M	5,769.92M	5,194.57M	5,474.06M	9,504.49M	8,147.92M	8,438.91M	8,370.12M	8,626.68M	7,720.78M	7,860.05M	9,708.06M	6,224.25M	4,167.24M	7,581.49M	1,218.85M

Income Statement

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	12,524M	10,250M	12,156M	9,812M	10,496M	9,212M	6,919M	5,806M	4,569M	4,037M	3,480M	2,984M	2,814M	2,929M	2,843M	3,172M	3,175M	1,821M	1,520M	2,522M	2,731M	2,071M	2,085M	1,497M	1,323M	1,637M	2,104M	1,499M	843M	1,166M	1,032M	695M
Cost of Revenue	4,807M	4,061M	4,581M	3,928M	4,218M	3,592M	2,772M	2,450M	1,869M	1,447M	1,288M	1,163M	1,215M	1,233M	1,237M	1,330M	1,259M	816M	865M	1,145M	1,190M	942M	862M	670M	672M	814M	937M	678M	447M	555M	472M	300M
Gross Profit	7,717M	6,188M	7,575M	5,884M	6,278M	5,619M	4,147M	3,357M	2,700M	2,589M	2,192M	1,821M	1,599M	1,696M	1,605M	1,842M	1,916M	1,005M	655M	1,376M	1,541M	1,129M	1,223M	827M	652M	823M	1,167M	821M	396M	611M	560M	395M
Gross Profit Margin	61.6%	60.4%	62.3%	60.0%	59.8%	61.0%	59.9%	57.8%	59.1%	64.1%	63.0%	61.0%	56.8%	57.9%	56.5%	58.1%	60.3%	55.2%	43.1%	54.6%	56.4%	54.5%	58.6%	55.2%	49.2%	50.3%	55.5%	54.8%	47.0%	52.4%	54.3%	56.8%
R&D Expenses	1,398M	1,289M	1,355M	1,279M	1,297M	1,105M	928M	864M	711M	609M	527M	481M	531M	539M	488M	453M	386M	330M	371M	410M	438M	394M	340M	281M	268M	287M	356M	246M	165M	182M	134M	0M
SG&A Expenses	1,035M	927M	979M	970M	986M	860M	730M	734M	599M	443M	389M	379M	407M	385M	388M	373M	369M	361M	415M	467M	514M	425M	300M	249M	254M	291M	354M	268M	199M	242M	219M	201M
Operating Expenses	2,433M	2,215M	2,334M	2,248M	2,283M	1,965M	1,658M	1,598M	1,310M	1,052M	916M	861M	937M	924M	876M	826M	756M	691M	787M	877M	951M	819M	640M	529M	542M	578M	710M	514M	364M	424M	354M	217M
Operating Income (EBIT)	5,284M	3,973M	5,241M	3,636M	3,995M	3,654M	2,488M	1,759M	1,389M	1,537M	1,276M	960M	661M	772M	730M	1,016M	1,160M	314M	-131M	499M	590M	310M	583M	297M	109M	245M	456M	307M	32M	187M	206M	178M
Operating Income Margin	42.2%	38.8%	43.1%	37.1%	38.1%	39.7%	36.0%	30.3%	30.4%	38.1%	36.7%	32.2%	23.5%	26.4%	25.7%	32.0%	36.5%	17.3%	-8.6%	19.8%	21.6%	15.0%	27.9%	19.9%	8.3%	15.0%	21.7%	20.5%	3.8%	16.0%	20.0%	25.5%
Interest Income	0M	161M	180M	161M	74M	9M	9M	22M	40M	37M	23M	15M	13M	14M	15M	15M	16M	18M	25M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	291M	319M	305M	311M	297M	160M	157M	160M	125M	114M	122M	123M	106M	54M	54M	42M	54M	55M	55M	11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	-291M	-159M	-125M	-151M	-223M	-152M	-148M	-139M	-84M	-78M	-99M	-108M	-93M	-40M	-39M	-27M	-39M	-37M	-31M	-11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Unusual Items	-118M	-398M	-471M	-295M	17M	-13M	20M	-304M	-9M	-4M	-4M	6M	-134M	3M	0M	-15M	-11M	14M	-441M	72M	87M	68M	38M	27M	71M	43M	56M	46M	18M	19M	-32M	11M
EBT Excluding Unusual Items	4,993M	3,815M	5,116M	3,485M	3,772M	3,503M	2,340M	1,620M	1,305M	1,460M	1,177M	852M	568M	732M	690M	989M	1,122M	277M	-162M	489M	590M	310M	583M	297M	109M	245M	456M	307M	32M	187M	206M	178M
Pre-Tax Income	4,875M	3,417M	4,644M	3,190M	3,789M	3,489M	2,360M	1,317M	1,296M	1,456M	1,173M	858M	434M	734M	691M	974M	1,110M	291M	-603M	560M	677M	378M	620M	325M	181M	287M	513M	353M	50M	206M	174M	189M
Pre-Tax Margin	38.9%	33.3%	38.2%	32.5%	36.1%	37.9%	34.1%	22.7%	28.4%	36.1%	33.7%	28.8%	15.4%	25.1%	24.3%	30.7%	35.0%	16.0%	-39.6%	22.2%	24.8%	18.2%	29.7%	21.7%	13.6%	17.6%	24.4%	23.6%	6.0%	17.7%	16.9%	27.2%
Income Tax Expense	638M	451M	583M	428M	402M	167M	283M	102M	121M	654M	247M	154M	68M	152M	147M	218M	316M	79M	-79M	201M	151M	-2M	157M	81M	43M	71M	140M	99M	11M	72M	69M	68M
Net Income	4,237M	2,966M	4,062M	2,762M	3,387M	3,322M	2,078M	1,217M	1,176M	802M	926M	704M	366M	583M	543M	756M	794M	212M	-523M	359M	528M	380M	467M	244M	137M	216M	67M	254M	39M	134M	105M	121M
Net Income Margin	33.8%	28.9%	33.4%	28.1%	32.3%	36.1%	30.0%	21.0%	25.7%	19.9%	26.6%	23.6%	13.0%	19.9%	19.1%	23.8%	25.0%	11.7%	-34.4%	14.2%	19.3%	18.4%	22.4%	16.3%	10.4%	13.2%	3.2%	16.9%	4.6%	11.5%	10.2%	17.4%
Depreciation & Amortization	198M	395M	394M	402M	415M	363M	333M	348M	233M	63M	52M	67M	81M	83M	88M	92M	86M	87M	136M	126M	109M	69M	71M	83M	71M	70M	56M	63M	48M	39M	52M	16M
EBITDA	5,483M	4,368M	5,635M	4,037M	4,410M	4,018M	2,822M	2,107M	1,623M	1,600M	1,328M	1,027M	742M	855M	817M	1,108M	1,246M	402M	5M	626M	699M	379M	653M	380M	181M	314M	512M	370M	81M	226M	259M	194M
EBITDA Margin	43.8%	42.6%	46.4%	41.1%	42.0%	43.6%	40.8%	36.3%	35.5%	39.6%	38.2%	34.4%	26.4%	29.2%	28.7%	34.9%	39.3%	22.1%	0.3%	24.8%	25.6%	18.3%	31.3%	25.4%	13.7%	19.2%	24.3%	24.7%	9.6%	19.4%	25.1%	27.9%
NOPAT	4,592M	3,449M	4,583M	3,148M	3,571M	3,479M	2,190M	1,623M	1,259M	847M	1,007M	788M	558M	613M	574M	789M	830M	229M	-104M	320M	459M	311M	435M	223M	83M	184M	332M	221M	25M	122M	125M	114M
NOPAT Margin	36.7%	33.7%	37.7%	32.1%	34.0%	37.8%	31.7%	28.0%	27.6%	21.0%	28.9%	26.4%	19.8%	20.9%	20.2%	24.9%	26.2%	12.6%	-6.8%	12.7%	16.8%	15.0%	20.9%	14.9%	6.3%	11.2%	15.8%	14.7%	3.0%	10.4%	12.1%	16.3%
Owner's Earnings	4,061M	3,092M	4,116M	2,886M	3,461M	3,378M	2,180M	1,412M	1,278M	798M	940M	740M	401M	598M	556M	791M	829M	269M	-410M	428M	554M	376M	478M	271M	75M	217M	-40M	238M	27M	90M	101M	73M
Owner's Earnings Margin	32.4%	30.2%	33.9%	29.4%	33.0%	36.7%	31.5%	24.3%	28.0%	19.8%	27.0%	24.8%	14.2%	20.4%	19.6%	24.9%	26.1%	14.8%	-27.0%	17.0%	20.3%	18.2%	22.9%	18.1%	5.7%	13.3%	-1.9%	15.9%	3.2%	7.7%	9.8%	10.4%
EPS (Basic)	32.01	22.03	30.53	20.41	24.28	22.07	13.49	7.76	7.53	5.13	5.92	4.52	2.26	3.51	3.27	4.53	4.75	1.24	-3.07	1.99	2.68	1.92	2.27	1.09	0.50	1.15	0.36	1.39	0.22	0.79	0.33	0.61
EPS (Diluted)	31.81	21.88	30.37	20.28	24.15	21.92	13.37	7.70	7.49	5.10	5.88	4.49	2.24	3.47	3.21	4.44	4.66	1.23	-3.07	1.95	2.61	1.86	2.32	1.20	0.71	1.10	0.34	1.32	0.21	0.76	0.50	1.18
Shares (Basic)	132M	135M	133M	135M	139M	150M	154M	157M	156M	156M	156M	156M	162M	166M	166M	167M	167M	171M	170M	181M	197M	199M	196M	195M	190M	188M	185M	182M	179M	170M	212M	102M
Shares (Diluted)	133M	136M	134M	136M	140M	152M	155M	158M	157M	157M	157M	157M	164M	168M	169M	170M	170M	173M	170M	184M	202M	204M	201M	202M	194M	197M	196M	193M	185M	177M	212M	102M

Product Segments

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30
Defect Inspection	6,367.12M	4,692.04M	6,198.82M	4,333.30M	4,336.66M	4,014.73M	2,661.17M	2,080.48M	1,657.75M	1,731.83M	1,601.19M	1,293.92M	1,541.42M	1,685.11M	1,594.13M	1,830.94M	2,039.86M
Other Revenue	181.09M	298.83M	204.60M	333.22M	381.09M	259.40M	206.43M	203.17M	231.95M	98.17M	63.85M	94.23M	91.80M	69.32M	112.18M	95.22M	74.68M
PCB And Component Inspection	400.28M	292.91M	355.89M	291.16M	378.03M	562.46M	562.10M	497.03M	238.28M	—	—	—	—	—	—	—	—
Patterning	2,287.37M	2,088.36M	2,196.35M	2,054.44M	2,791.13M	2,050.03M	1,505.99M	1,278.38M	1,134.41M	1,116.02M	917.18M	772.05M	—	—	—	—	—
Service	2,783.85M	2,413.43M	2,683.31M	2,329.57M	2,117.03M	1,910.46M	1,678.42M	1,477.70M	1,176.66M	1,090.68M	897.79M	—	688.65M	642.97M	595.63M	574.19M	561.73M
Specialty Semiconductor Process	504.62M	471.26M	517.20M	470.57M	492.11M	414.81M	304.63M	269.67M	129.85M	—	—	—	—	—	—	—	—

Geographic Segments

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30
CHINA	4,111.42M	4,369.09M	4,042.57M	4,196.73M	2,867.44M	2,660.44M	1,831.45M	1,457.58M	1,215.81M	643.03M	412.10M	430.07M	—	—	—	—	—
Europe and Israel	580.35M	516.65M	574.20M	540.26M	682.10M	636.66M	396.42M	318.48M	305.92M	300.88M	263.79M	167.94M	194.67M	306.78M	211.12M	323.90M	340.25M
JAPAN	1,239.64M	924.40M	1,133.00M	963.20M	888.02M	724.77M	639.38M	670.29M	581.53M	638.36M	351.20M	444.22M	426.96M	334.65M	310.20M	415.48M	413.21M
KOREA, REPUBLIC OF	1,513.53M	925.78M	1,452.83M	906.92M	1,895.71M	1,430.50M	1,343.47M	982.17M	584.09M	1,178.60M	688.09M	367.91M	405.32M	371.14M	292.72M	611.46M	480.49M
North America	1,159.28M	1,321.02M	1,362.31M	1,070.79M	1,254.96M	928.04M	765.97M	657.55M	596.45M	494.33M	523.02M	521.34M	815.91M	705.16M	846.13M	—	—
Rest of Asia	383.09M	405.19M	385.87M	396.27M	414.45M	302.99M	251.48M	153.53M	179.38M	145.13M	137.50M	158.47M	279.70M	470.21M	246.16M	273.49M	465.89M
TAIWAN, PROVINCE OF CHINA	3,537.01M	1,794.71M	3,205.39M	1,738.07M	2,493.38M	2,528.48M	1,690.56M	1,566.82M	1,105.73M	636.36M	1,104.31M	894.56M	691.48M	741.47M	936.45M	872.58M	864.38M
United States	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	675.03M	610.96M

Balance Sheet

Metric	MRQ	MRQ-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Cash & Cash Equivalents	1,946.21M	2,078.91M	2,078.91M	1,977.13M	1,927.87M	1,584.91M	1,434.61M	1,234.41M	1,015.99M	1,404.38M	1,153.05M	1,108.49M	838.03M	630.86M	985.39M	751.29M	711.33M	529.92M	524.97M	1,128.11M	722.51M	1,129.19M	663.16M	598.70M	606.90M	429.82M	529.67M	478.21M	271.50M	216.00M	279.20M	109.40M
Short-Term Investments	2,737.38M	2,415.72M	2,415.72M	2,526.87M	1,315.29M	1,123.10M	1,059.91M	746.06M	723.39M	1,475.94M	1,863.69M	1,382.81M	1,549.09M	2,521.78M	1,933.49M	1,783.15M	1,327.21M	1,004.13M	804.92M	409.13M	988.12M	1,196.61M	1,532.02M	534.46M	350.06M	243.53M	167.42M	119.93M	59.60M	92.30M	0.00M	0.00M
Cash & Short-Term Investments	4,683.59M	4,494.62M	4,494.62M	4,504.00M	3,243.16M	2,708.01M	2,494.52M	1,980.47M	1,739.39M	2,880.32M	3,016.74M	2,491.29M	2,387.11M	3,152.64M	2,918.88M	2,534.44M	2,038.54M	1,534.04M	1,329.88M	1,537.24M	1,710.63M	2,325.80M	2,195.19M	1,133.15M	956.96M	673.35M	697.10M	598.14M	331.10M	308.30M	279.20M	109.40M
Net Receivables	2,464.59M	2,433.70M	2,433.70M	2,004.70M	1,935.40M	2,016.34M	1,465.38M	1,264.10M	1,084.13M	651.68M	571.12M	631.42M	618.34M	520.32M	550.44M	724.22M	643.04M	488.06M	210.14M	492.49M	581.50M	439.90M	333.22M	372.77M	223.54M	277.01M	402.01M	481.95M	280.10M	304.10M	269.30M	203.50M
Inventory	3,297.37M	3,212.15M	3,212.15M	3,034.78M	2,876.78M	2,146.89M	1,575.38M	1,310.99M	1,262.50M	931.85M	732.99M	698.64M	617.90M	656.46M	634.45M	650.80M	575.73M	401.73M	370.21M	459.45M	535.37M	449.16M	358.34M	337.41M	258.80M	323.02M	394.41M	282.49M	195.70M	234.60M	174.60M	132.40M
Other Current Assets	326.73M	357.26M	357.26M	362.70M	195.49M	188.74M	84.32M	93.04M	88.79M	14.62M	13.00M	9.55M	244.21M	221.94M	215.74M	201.10M	356.91M	372.51M	488.38M	546.59M	425.27M	328.39M	313.65M	348.16M	367.09M	345.92M	403.43M	189.17M	135.40M	109.40M	136.90M	48.30M
Total Current Assets	10,772.28M	10,497.74M	10,497.74M	9,906.18M	8,250.83M	7,059.97M	5,619.60M	4,648.59M	4,174.80M	4,478.46M	4,333.85M	3,830.91M	3,867.57M	4,551.35M	4,319.51M	4,110.57M	3,614.21M	2,796.34M	2,398.62M	3,035.76M	3,252.77M	3,543.24M	3,200.39M	2,191.50M	1,806.38M	1,619.29M	1,896.95M	1,551.75M	942.30M	956.40M	860.00M	493.60M
Property, Plant & Equipment	1,301.83M	1,252.78M	1,252.78M	1,341.78M	1,240.55M	976.37M	765.91M	620.61M	448.80M	286.31M	283.98M	278.01M	314.59M	330.26M	305.28M	277.69M	257.36M	236.75M	291.88M	355.47M	382.24M	395.41M	385.92M	376.05M	382.73M	300.56M	290.25M	199.72M	168.30M	140.90M	117.60M	71.80M
Goodwill	1,791.02M	1,792.19M	1,792.19M	2,015.73M	2,278.82M	2,320.05M	2,011.17M	2,045.40M	2,211.86M	354.70M	349.53M	335.18M	335.26M	335.36M	326.64M	327.72M	328.16M	328.01M	329.38M	601.88M	311.86M	70.34M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	397.37M	444.79M	444.79M	668.76M	935.30M	1,194.41M	1,185.31M	1,391.41M	1,560.67M	19.33M	18.96M	4.33M	11.90M	27.70M	34.52M	55.64M	85.90M	117.34M	149.08M	297.78M	175.43M	0.00M	58.67M	20.62M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-78.65M	-75.14M	-114.83M	-128.74M	-173.79M	-328.52M	-261.12M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Assets	1,131.21M	1,105.77M	1,105.77M	915.24M	816.90M	579.17M	270.46M	236.80M	206.14M	193.20M	291.97M	302.22M	78.65M	75.14M	114.83M	128.74M	173.79M	328.52M	261.12M	323.87M	309.49M	392.03M	192.61M	88.59M	324.10M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	795.39M	773.61M	773.61M	460.91M	428.76M	358.17M	342.02M	262.19M	265.97M	197.21M	182.15M	162.16M	181.04M	181.30M	154.59M	146.49M	154.31M	144.57M	440.58M	233.62M	191.46M	174.89M	147.22M	862.41M	677.49M	797.87M	557.35M	452.03M	474.30M	451.10M	365.70M	147.40M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	5,416.81M	5,369.14M	5,369.14M	5,402.42M	5,700.33M	5,428.18M	4,574.88M	4,556.42M	4,693.44M	1,050.75M	1,126.58M	1,081.90M	842.79M	874.61M	821.02M	807.53M	825.72M	826.66M	1,210.92M	1,812.63M	1,370.48M	1,032.67M	784.43M	1,347.68M	1,384.31M	1,098.43M	847.61M	651.75M	642.60M	592.00M	483.30M	219.20M
Total Assets	16,189.10M	15,866.87M	15,866.87M	15,308.60M	13,951.15M	12,488.15M	10,194.48M	9,205.01M	8,868.24M	5,529.21M	5,460.43M	4,912.81M	4,710.36M	5,425.97M	5,140.53M	4,918.10M	4,439.94M	3,623.01M	3,609.54M	4,848.39M	4,623.25M	4,575.91M	3,984.82M	3,539.18M	3,190.70M	2,717.72M	2,744.55M	2,203.50M	1,584.90M	1,548.40M	1,343.30M	712.80M
Accounts Payable	429.84M	458.51M	458.51M	359.49M	371.03M	443.34M	342.08M	264.28M	202.42M	169.35M	147.38M	106.52M	103.34M	103.42M	115.68M	139.18M	142.95M	107.94M	63.49M	104.32M	92.17M	95.19M	67.72M	63.99M	33.89M	52.99M	60.74M	55.02M	35.20M	46.40M	41.20M	27.30M
Short-Term Debt	0.00M	0.00M	0.00M	749.94M	0.00M	0.00M	20.00M	0.00M	250.00M	0.00M	249.98M	0.00M	16.98M	0.00M	0.00M	0.00M	0.00M	0.00M	95.82M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	14.60M	21.50M	25.10M	3.10M
Tax Payables	0.00M	0.00M	0.00M	146.74M	383.01M	126.96M	87.32M	35.64M	23.35M	23.29M	17.04M	27.96M	15.58M	15.28M	11.08M	50.84M	16.56M	53.49M	49.74M	63.63M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	1,934.14M	2,001.21M	2,001.21M	2,133.68M	1,837.33M	1,276.72M	830.91M	684.63M	622.69M	465.28M	341.56M	315.69M	313.24M	286.47M	218.80M	210.31M	236.60M	204.76M	142.06M	207.49M	254.05M	80.54M	80.77M	57.32M	225.69M	248.74M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	1,391.01M	534.62M	534.62M	1,105.82M	1,012.17M	952.16M	573.47M	466.55M	435.39M	373.28M	356.31M	386.79M	364.57M	364.52M	333.64M	300.34M	369.78M	326.58M	341.44M	364.62M	466.71M	685.31M	660.84M	700.13M	391.47M	385.76M	923.35M	439.81M	302.50M	282.80M	258.50M	138.80M
Total Current Liabilities	3,754.98M	2,994.34M	2,994.34M	4,495.66M	3,603.53M	2,799.18M	1,853.79M	1,451.09M	1,533.85M	1,031.20M	1,112.27M	836.96M	813.71M	769.69M	679.20M	700.67M	765.90M	692.78M	692.54M	740.06M	812.92M	861.05M	809.33M	821.44M	651.06M	687.49M	984.09M	494.83M	352.30M	350.70M	324.80M	169.20M
Long-Term Debt	5,885.19M	5,884.26M	5,884.26M	5,880.20M	5,890.74M	6,660.72M	3,422.77M	3,469.67M	3,173.38M	2,237.40M	2,680.47M	3,057.94M	3,173.44M	747.92M	747.38M	746.83M	746.29M	745.75M	745.20M	744.66M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	0.00M	204.03M	204.03M	189.51M	172.40M	113.59M	103.06M	99.88M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	464.52M	446.95M	446.95M	486.69M	529.29M	658.94M	650.62M	660.89M	702.29M	1.20M	0.00M	0.00M	0.00M	119.48M	117.45M	50.84M	78.34M	53.49M	49.74M	-31.75M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.90M	6.30M
Other Non-Current Liabilities	481.72M	450.80M	450.80M	490.20M	517.83M	596.36M	560.55M	601.40M	587.90M	493.24M	172.41M	156.62M	182.23M	168.29M	154.07M	140.07M	154.57M	122.56M	10.43M	171.67M	67.65M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.10M
Total Non-Current Liabilities	6,831.43M	6,986.03M	6,986.03M	7,046.60M	7,110.25M	8,029.60M	4,737.00M	4,831.83M	4,463.57M	2,731.84M	2,852.88M	3,214.56M	3,355.67M	1,035.69M	1,018.90M	937.75M	979.20M	921.80M	805.37M	884.58M	67.65M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.90M	6.40M
Total Liabilities	10,586.41M	9,980.37M	9,980.37M	11,542.26M	10,713.78M	10,828.78M	6,590.79M	6,282.93M	5,997.41M	3,763.04M	3,965.15M	4,051.52M	4,169.38M	1,805.38M	1,698.10M	1,638.42M	1,745.09M	1,614.57M	1,497.91M	1,624.64M	880.57M	861.05M	809.33M	821.44M	651.06M	687.49M	984.09M	494.83M	352.30M	350.70M	328.70M	175.60M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	2,489.12M	0.13M	0.13M	0.13M	0.14M	0.14M	0.15M	0.16M	0.16M	0.16M	0.16M	0.16M	0.16M	0.17M	0.17M	0.17M	0.17M	0.17M	0.17M	0.17M	0.00M	0.00M	0.20M	0.20M	0.19M	0.19M	0.19M	0.19M	0.10M	0.10M	0.10M	0.00M
Retained Earnings	2,495.28M	2,179.33M	2,179.33M	1,137.27M	848.43M	366.88M	1,277.12M	654.93M	714.83M	1,056.45M	848.46M	284.83M	-12.36M	2,479.11M	2,359.23M	2,247.26M	1,852.63M	1,356.45M	1,370.13M	2,204.42M	2,570.75M	2,137.71M	2,083.64M	1,640.59M	1,396.89M	1,259.70M	1,043.53M	976.85M	723.00M	683.80M	542.70M	259.80M
Accumulated OCI	0.67M	1.20M	1.20M	-49.08M	-36.34M	-27.47M	-75.56M	-79.77M	-73.03M	-53.93M	-51.32M	-48.69M	-40.57M	-30.27M	-36.65M	-21.14M	-2.40M	-31.30M	-21.22M	47.68M	11.41M	8.91M	3.88M	2.16M	3.69M	4.59M	2.60M	13.67M	5.20M	16.30M	13.60M	-48.90M
Minority Interest	0.00M	0.00M	0.00M	0.00M	0.00M	-2.26M	-1.91M	15.59M	18.59M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	5.44M	9.25M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	4,985.07M	2,180.66M	2,180.66M	1,088.33M	812.23M	339.55M	1,201.72M	575.31M	641.96M	1,002.67M	797.29M	236.30M	-52.78M	2,449.01M	2,322.75M	2,226.28M	1,850.40M	1,325.32M	1,349.09M	2,252.28M	2,582.16M	2,146.62M	2,087.72M	1,642.94M	1,400.77M	1,264.47M	1,046.32M	990.70M	728.30M	700.20M	556.40M	210.90M
Total Equity	4,985.07M	2,180.66M	2,180.66M	1,088.33M	812.23M	337.29M	1,199.81M	590.90M	660.54M	1,002.67M	797.29M	236.30M	-52.78M	2,449.01M	2,322.75M	2,226.28M	1,850.40M	1,325.32M	1,349.09M	2,252.28M	2,582.16M	2,152.06M	2,096.97M	1,642.94M	1,400.77M	1,264.47M	1,046.32M	990.70M	728.30M	700.20M	556.40M	210.90M
Total Liabilities & Equity	15,571.48M	12,161.03M	12,161.03M	12,630.59M	11,526.01M	11,166.08M	7,790.60M	6,873.82M	6,657.95M	4,765.71M	4,762.44M	4,287.81M	4,116.60M	4,254.39M	4,020.85M	3,864.70M	3,595.50M	2,939.89M	2,846.99M	3,876.92M	3,462.73M	3,013.10M	2,906.29M	2,464.38M	2,051.82M	1,951.96M	2,030.41M	1,485.53M	1,080.60M	1,050.90M	885.10M	386.50M
Tangible Assets	14,000.71M	13,629.90M	13,629.90M	12,624.11M	10,737.03M	8,973.68M	6,997.99M	5,768.19M	5,095.71M	5,155.18M	5,091.94M	4,573.30M	4,363.20M	5,062.91M	4,779.38M	4,534.75M	4,025.88M	3,177.67M	3,131.08M	3,948.73M	4,135.96M	4,505.57M	3,926.15M	3,518.56M	3,190.70M	2,717.72M	2,744.55M	2,203.50M	1,584.90M	1,548.40M	1,343.30M	712.80M
Tangible Equity	2,796.68M	-56.32M	-56.32M	-1,596.16M	-2,401.90M	-3,177.17M	-1,996.68M	-2,845.92M	-3,111.99M	628.64M	428.80M	-103.21M	-399.94M	2,085.96M	1,961.60M	1,842.93M	1,436.34M	879.98M	870.63M	1,352.62M	2,094.87M	2,081.72M	2,038.30M	1,622.32M	1,400.77M	1,264.47M	1,046.32M	990.70M	728.30M	700.20M	556.40M	210.90M
Tangible Book Value	2,796.68M	-56.32M	-56.32M	-1,596.16M	-2,401.90M	-3,177.17M	-1,996.68M	-2,845.92M	-3,111.99M	628.64M	428.80M	-103.21M	-399.94M	2,085.96M	1,961.60M	1,842.93M	1,436.34M	879.98M	870.63M	1,352.62M	2,094.87M	2,081.72M	2,038.30M	1,622.32M	1,400.77M	1,264.47M	1,046.32M	990.70M	728.30M	700.20M	556.40M	210.90M
Total Investments	2,737.38M	2,415.72M	2,415.72M	2,526.87M	1,315.29M	1,123.10M	1,059.91M	746.06M	723.39M	1,475.94M	1,863.69M	1,382.81M	1,549.09M	2,521.78M	1,933.49M	1,783.15M	1,327.21M	1,004.13M	543.80M	409.13M	988.12M	1,196.61M	1,320.68M	330.48M	350.06M	243.53M	167.42M	119.93M	59.60M	92.30M	0.00M	0.00M
Net Debt	3,938.98M	3,805.35M	3,805.35M	4,653.01M	3,962.87M	5,075.81M	2,008.16M	2,235.26M	2,407.39M	833.02M	1,777.41M	1,949.45M	2,352.39M	117.06M	-238.01M	-4.46M	34.96M	215.83M	316.06M	-383.45M	-722.51M	-1,129.19M	-663.16M	-598.70M	-606.90M	-429.82M	-529.67M	-478.21M	-256.90M	-194.50M	-254.10M	-106.30M

Capital Metrics

Metric	MRQ	MRQ-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Working Capital	6,851.2M	6,613.0M	6,613.0M	5,370.4M	4,629.2M	4,297.8M	3,593.0M	3,023.8M	2,546.6M	3,330.9M	3,098.9M	2,865.6M	2,902.8M	3,690.5M	3,490.0M	3,301.1M	2,794.0M	2,063.7M	1,834.6M	2,085.4M	2,179.6M	2,540.8M	2,270.0M	1,279.9M	1,155.3M	931.8M	912.9M	1,056.9M	590.0M	605.7M	535.2M	324.4M
Total Capital	11,073.2M	10,780.7M	10,780.7M	10,188.0M	8,982.9M	8,175.7M	6,923.4M	6,235.0M	6,082.5M	3,857.9M	4,256.9M	3,747.1M	3,611.9M	4,414.4M	4,229.5M	4,062.4M	3,607.2M	2,992.4M	2,979.3M	3,726.4M	3,550.0M	3,568.0M	3,045.3M	2,627.6M	2,215.5M	2,030.2M	1,760.5M	1,708.7M	1,247.2M	1,219.2M	1,039.7M	540.3M
Capital Employed	12,268.0M	11,982.1M	11,982.1M	10,772.8M	10,329.5M	9,726.0M	8,167.9M	7,580.2M	7,240.0M	4,401.3M	4,239.0M	3,960.0M	3,824.2M	4,643.1M	4,425.8M	4,237.4M	3,793.5M	3,135.3M	3,045.6M	3,898.1M	3,550.0M	3,573.4M	3,054.5M	2,627.6M	2,215.5M	2,030.2M	1,760.5M	1,708.7M	1,232.6M	1,197.7M	1,018.5M	543.6M
Invested Capital	9,127.0M	8,701.8M	8,701.8M	8,210.8M	7,055.0M	6,590.7M	5,488.8M	5,000.6M	5,066.5M	2,453.5M	3,103.8M	2,638.6M	2,773.8M	3,783.6M	3,244.1M	3,311.1M	2,895.9M	2,462.4M	2,454.4M	2,598.3M	2,827.5M	2,438.8M	2,382.1M	2,028.9M	1,608.6M	1,600.4M	1,230.8M	1,230.5M	975.7M	1,003.2M	760.5M	430.9M

Cash Flow Statement

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Net Income	4,236.83M	2,966.37M	4,061.64M	2,761.90M	3,387.35M	3,322.06M	2,077.35M	1,215.03M	1,175.02M	802.27M	926.08M	704.42M	366.16M	582.76M	543.15M	756.02M	794.49M	212.30M	-523.37M	359.08M	528.10M	380.45M	445.05M	243.70M	137.19M	216.17M	66.68M	253.80M	39.20M	134.10M	105.40M	196.60M
Depreciation & Amortization	395.28M	395.15M	394.09M	401.73M	415.11M	363.34M	333.34M	348.05M	233.22M	62.68M	57.84M	66.93M	80.54M	83.07M	87.53M	92.13M	86.04M	87.35M	135.85M	126.38M	109.29M	69.44M	70.15M	82.93M	71.45M	69.59M	55.65M	63.34M	48.20M	38.90M	52.30M	25.00M
Deferred Income Tax	-175.51M	-165.59M	-246.58M	-155.23M	-298.15M	-329.50M	-44.45M	-93.11M	-27.51M	98.76M	4.01M	19.80M	-24.25M	17.18M	4.53M	193.41M	64.74M	-25.00M	59.70M	16.64M	-13.94M	-134.38M	-53.50M	-24.58M	-10.63M	36.04M	-56.94M	-60.52M	-27.90M	-46.20M	-17.30M	-19.70M
Stock-Based Compensation	273.49M	225.62M	265.01M	212.70M	171.42M	126.92M	111.84M	111.38M	94.19M	62.78M	50.94M	45.05M	55.30M	60.94M	70.08M	78.84M	81.43M	85.98M	105.54M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-740.20M	-288.31M	-646.18M	-201.18M	10.11M	-305.41M	-243.31M	-87.37M	-326.34M	192.74M	44.98M	-60.09M	11.88M	60.04M	224.21M	-181.02M	-210.18M	82.97M	-34.92M	71.33M	-173.10M	-186.60M	-6.93M	-0.31M	61.81M	-103.73M	47.45M	-4.77M	39.00M	-73.20M	105.50M	-90.60M
Accounts Receivable	-288.81M	-279.57M	-367.90M	-80.89M	-48.53M	-510.33M	-203.16M	-118.36M	-146.15M	-76.03M	39.75M	-8.29M	-118.52M	32.59M	159.25M	-113.92M	-128.22M	-220.86M	277.33M	149.31M	-107.35M	-114.93M	36.65M	-149.24M	53.47M	125.01M	83.76M	-185.26M	40.90M	-57.50M	34.90M	-96.60M
Inventory	-191.58M	-85.00M	-155.17M	-164.09M	-749.05M	-567.00M	-270.10M	-74.82M	-59.56M	-179.61M	-46.55M	-67.58M	27.50M	-26.17M	14.79M	-93.15M	-170.14M	-27.72M	120.25M	100.17M	9.02M	-87.68M	-18.30M	-78.62M	64.22M	71.43M	-101.75M	-95.78M	30.80M	-62.30M	21.30M	-86.50M
Accounts Payable	22.57M	4.17M	33.79M	24.98M	-144.66M	101.63M	79.37M	61.14M	-21.63M	21.78M	39.97M	3.11M	0.85M	-12.33M	-22.81M	-3.73M	34.26M	44.38M	-46.80M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	-282.38M	72.09M	-156.90M	18.83M	952.36M	670.29M	150.58M	44.67M	-99.00M	426.60M	11.81M	12.68M	102.05M	65.96M	72.99M	29.78M	53.92M	287.16M	-385.70M	-178.15M	-74.77M	16.00M	-25.28M	227.54M	-55.88M	-300.17M	65.44M	276.28M	-32.70M	46.60M	49.30M	92.50M
Other Non-Cash Items	258.36M	286.83M	253.91M	288.66M	-16.05M	135.29M	-49.74M	284.87M	4.05M	9.89M	-4.17M	-16.43M	116.27M	-25.10M	-16.32M	2.24M	6.65M	4.20M	452.89M	94.75M	160.34M	186.27M	51.96M	47.94M	-13.56M	52.12M	295.07M	0.67M	23.80M	20.60M	0.10M	0.00M
Net Cash from Operating Activities	4,248.26M	3,420.07M	4,081.90M	3,308.58M	3,669.81M	3,312.70M	2,185.03M	1,778.85M	1,152.63M	1,229.12M	1,079.67M	759.70M	605.91M	778.89M	913.19M	941.62M	823.17M	447.80M	195.68M	668.18M	610.69M	315.17M	506.74M	349.68M	246.26M	270.18M	407.92M	252.52M	122.30M	74.20M	246.00M	111.30M
Capital Expenditures (PPE)	-373.61M	-269.73M	-340.21M	-277.38M	-341.59M	-307.32M	-231.63M	-152.68M	-130.50M	-66.95M	-38.59M	-31.74M	-45.79M	-67.50M	-74.57M	-57.60M	-51.15M	-30.20M	-22.23M	-57.32M	-83.78M	-73.81M	-59.68M	-55.53M	-133.77M	-68.66M	-162.20M	-78.69M	-60.70M	-83.20M	-56.80M	-64.60M
Acquisitions (Net)	0.16M	-3.68M	0.00M	-3.68M	43.92M	-479.11M	16.83M	-90.14M	-1,818.28M	-17.40M	-28.56M	0.00M	0.00M	-18.00M	0.00M	0.00M	0.00M	-1.50M	-141.40M	-494.04M	-521.69M	-7.66M	-44.63M	0.00M	0.00M	-4.04M	-20.82M	-19.93M	-10.00M	0.00M	0.00M	0.00M
Purchases of Investments	-2,955.21M	-3,165.80M	-2,890.87M	-2,891.09M	-1,538.54M	-1,108.91M	-1,126.61M	-908.73M	-163.19M	-547.63M	-1,727.94M	-1,244.10M	-1,792.36M	-1,899.62M	-1,628.94M	-1,578.33M	-1,205.50M	-1,157.71M	-1,076.15M	-1,129.52M	-3,299.98M	-4,625.24M	-3,537.46M	-2,078.41M	-1,688.77M	-2,127.46M	-913.10M	-667.89M	-598.20M	-915.20M	-997.30M	-509.30M
Sales / Maturities of Investments	3,068.40M	2,177.78M	3,022.17M	1,690.09M	1,349.35M	991.23M	839.15M	892.68M	930.98M	923.60M	1,231.26M	1,413.45M	2,756.37M	1,305.18M	1,460.23M	1,104.81M	878.95M	955.57M	733.06M	1,664.59M	3,506.18M	4,931.79M	3,517.17M	1,813.38M	1,621.22M	1,837.82M	801.00M	670.05M	631.20M	825.60M	870.40M	484.10M
Other Investing Activities	-181.17M	5.08M	6.42M	5.08M	0.00M	27.66M	1.86M	0.00M	0.00M	0.00M	2.95M	7.08M	0.00M	3.84M	1.84M	2.23M	18.19M	5.88M	21.81M	68.79M	0.00M	0.00M	0.00M	0.00M	3.20M	0.00M	0.00M	0.00M	-0.10M	0.10M	0.00M	0.00M
Net Cash from Investing Activities	-441.43M	-1,256.35M	-202.48M	-1,476.99M	-486.87M	-876.46M	-500.40M	-258.87M	-1,180.98M	291.62M	-560.89M	144.69M	918.22M	-676.11M	-241.45M	-528.89M	-359.51M	-227.96M	-484.90M	52.50M	-399.27M	225.07M	-124.60M	-320.56M	-198.11M	-362.34M	-295.11M	-96.45M	-37.80M	-172.70M	-183.70M	-89.80M
Net Debt Issuance	0.00M	735.04M	-750.00M	735.04M	-793.77M	3,222.41M	-29.66M	20.80M	1,181.31M	-697.56M	-130.00M	-135.00M	2,308.79M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	744.57M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.45M	1.67M	-18.32M	-8.70M	-2.60M	-6.80M	5.90M
Long-Term Debt Issuance	0.00M	735.04M	-750.00M	735.04M	-793.77M	3,222.41M	-29.66M	20.80M	1,181.31M	-697.56M	-130.00M	-135.00M	2,308.79M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	744.57M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.45M	1.67M	-18.32M	-8.70M	-2.60M	-6.80M	5.90M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-1,976.12M	-1,702.78M	-1,998.43M	-1,590.81M	-1,187.02M	-4,754.79M	-852.51M	-753.45M	-1,030.37M	-141.73M	20.36M	-143.41M	-555.88M	-128.62M	-147.13M	-100.30M	-110.27M	-100.41M	-186.41M	-955.54M	-545.22M	-8.76M	-70.06M	113.01M	26.59M	-8.08M	-59.88M	79.02M	-7.50M	18.50M	22.20M	19.60M
Common Stock Issuance	151.51M	144.93M	151.51M	144.93M	124.85M	113.01M	86.10M	75.63M	64.83M	61.44M	45.36M	38.30M	47.01M	112.22M	126.12M	163.57M	124.57M	35.87M	40.11M	155.64M	263.25M	212.65M	133.60M	168.81M	92.50M	115.14M	93.76M	107.00M	41.30M	34.50M	22.20M	25.10M
Common Stock Repurchased	-2,127.63M	-1,847.72M	-2,149.95M	-1,735.75M	-1,311.86M	-4,867.81M	-938.61M	-829.08M	-1,095.20M	-203.17M	-25.00M	-181.71M	-602.89M	-240.84M	-273.25M	-263.86M	-234.84M	-136.28M	-226.52M	-1,111.17M	-808.46M	-221.42M	-203.66M	-55.81M	-65.91M	-123.22M	-153.63M	-27.98M	-48.80M	-16.00M	0.00M	-5.50M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-960.52M	-789.61M	-904.59M	-773.04M	-732.56M	-638.53M	-559.35M	-522.42M	-472.26M	-402.07M	-343.99M	-346.28M	-3,041.06M	-298.87M	-265.89M	-233.56M	-167.40M	-102.41M	-102.15M	-108.52M	-95.06M	-95.35M	-23.64M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Dividends Paid	-960.52M	-789.61M	-904.59M	-773.04M	-732.56M	-638.53M	-559.35M	-522.42M	-472.26M	-402.07M	-343.99M	-346.28M	-3,041.06M	-298.87M	-265.89M	-233.56M	-167.40M	-102.41M	-102.15M	-108.52M	-95.06M	-95.35M	-23.64M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-893.14M	-151.22M	-132.66M	-147.21M	-112.66M	-86.09M	-56.36M	-44.56M	-38.68M	-28.76M	-19.17M	-12.01M	-14.83M	-31.39M	-15.48M	-30.25M	-22.49M	-13.51M	-10.56M	0.55M	7.05M	19.15M	12.63M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.10M	0.00M
Net Cash from Financing Activities	-3,829.78M	-1,908.57M	-3,785.69M	-1,776.02M	-2,825.99M	-2,257.01M	-1,497.88M	-1,299.64M	-360.01M	-1,270.10M	-472.81M	-636.70M	-1,302.97M	-458.89M	-428.51M	-364.10M	-300.16M	-216.33M	-299.12M	-318.94M	-633.23M	-84.96M	-81.07M	113.01M	26.59M	-8.53M	-58.21M	60.71M	-16.20M	15.90M	15.50M	25.50M
Effect of FX on Cash	-8.04M	10.48M	8.04M	-6.31M	-13.99M	-28.94M	13.46M	-1.93M	-0.03M	0.70M	-1.41M	2.78M	-13.99M	1.58M	-9.14M	-8.66M	17.91M	1.45M	-14.81M	3.86M	15.13M	10.75M	8.21M	6.97M	2.75M	0.83M	-3.14M	-10.04M	-12.90M	19.40M	-0.30M	2.60M
Net Change in Cash	-30.99M	265.63M	101.78M	49.26M	342.96M	150.30M	200.20M	218.42M	-388.39M	251.33M	44.56M	270.46M	207.16M	-354.53M	234.10M	39.97M	181.41M	4.95M	-603.14M	405.60M	-406.68M	466.03M	309.28M	149.10M	77.48M	-99.85M	51.46M	206.72M	55.50M	-63.20M	77.50M	49.60M
Cash at Beginning of Period	7,752.41M	7,201.92M	1,977.13M	1,927.87M	1,584.91M	1,434.61M	1,234.41M	1,015.99M	1,404.38M	1,153.05M	1,108.49M	838.03M	630.86M	985.39M	751.29M	711.33M	529.92M	524.97M	1,128.11M	722.51M	1,129.19M	663.16M	353.88M	449.60M	372.12M	529.67M	478.21M	271.49M	216.00M	279.20M	201.70M	152.10M
Cash at End of Period	7,721.42M	7,467.55M	2,078.91M	1,977.13M	1,927.87M	1,584.91M	1,434.61M	1,234.41M	1,015.99M	1,404.38M	1,153.05M	1,108.49M	838.03M	630.86M	985.39M	751.29M	711.33M	529.92M	524.97M	1,128.11M	722.51M	1,129.19M	663.16M	598.70M	449.60M	429.82M	529.67M	478.21M	271.50M	216.00M	279.20M	201.70M
Operating Cash Flow	4,248.26M	3,420.07M	4,081.90M	3,308.58M	3,669.81M	3,312.70M	2,185.03M	1,778.85M	1,152.63M	1,229.12M	1,079.67M	759.70M	605.91M	778.89M	913.19M	941.62M	823.17M	447.80M	195.68M	668.18M	610.69M	315.17M	506.74M	349.68M	246.26M	270.18M	407.92M	252.52M	122.30M	74.20M	246.00M	111.30M
Capital Expenditure	-373.61M	-269.73M	-340.21M	-277.38M	-341.59M	-307.32M	-231.63M	-152.68M	-130.50M	-66.95M	-38.59M	-31.74M	-45.79M	-67.50M	-74.57M	-57.60M	-51.15M	-30.20M	-22.23M	-57.32M	-83.78M	-73.81M	-59.68M	-55.53M	-133.77M	-68.66M	-162.20M	-78.69M	-60.70M	-83.20M	-56.80M	-64.60M
Free Cash Flow	3,874.65M	3,150.34M	3,741.69M	3,031.19M	3,328.21M	3,005.38M	1,953.40M	1,626.18M	1,022.13M	1,162.17M	1,041.07M	727.96M	560.12M	711.38M	838.62M	884.02M	772.02M	417.60M	173.46M	610.85M	526.90M	241.36M	447.06M	294.15M	112.49M	201.53M	245.72M	173.82M	61.60M	-9.00M	189.20M	46.70M

Free Cash Flow

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
EBITDA	5,482.56M	4,368.25M	5,635.13M	4,037.41M	4,409.81M	4,017.53M	2,821.82M	2,106.90M	1,622.60M	1,599.88M	1,328.36M	1,027.38M	741.88M	855.14M	817.22M	1,108.46M	1,246.37M	401.51M	4.65M	625.75M	699.16M	379.23M	653.42M	380.28M	200.77M	314.48M	512.11M	370.24M	80.50M	226.00M	258.70M	210.10M
(-) Tax Adjustment	717.93M	576.09M	707.12M	541.86M	467.65M	192.49M	338.43M	162.71M	151.73M	559.96M	279.85M	184.08M	116.16M	176.63M	174.51M	248.16M	354.33M	108.77M	0.61M	219.01M	155.38M	0.00M	165.38M	94.88M	48.19M	77.99M	139.40M	104.11M	17.76M	79.09M	90.55M	73.54M
(-) Change In Working Capital	-740.20M	-288.31M	-646.18M	-201.18M	10.11M	-305.41M	-243.31M	-87.37M	-326.34M	192.74M	44.98M	-60.09M	11.88M	60.04M	224.21M	-181.02M	-210.18M	82.97M	-34.92M	71.33M	-173.10M	-186.60M	-6.93M	-0.31M	61.81M	-103.73M	47.45M	-4.77M	39.00M	-73.20M	105.50M	-90.60M
(-) Capital Expenditure	-373.61M	-269.73M	-340.21M	-277.38M	-341.59M	-307.32M	-231.63M	-152.68M	-130.50M	-66.95M	-38.59M	-31.74M	-45.79M	-67.50M	-74.57M	-57.60M	-51.15M	-30.20M	-22.23M	-57.32M	-83.78M	-73.81M	-59.68M	-55.53M	-133.77M	-68.66M	-162.20M	-78.69M	-60.70M	-83.20M	-56.80M	-64.60M
Unlevered Free Cash Flow	5,131.22M	3,810.74M	5,233.98M	3,419.35M	3,590.45M	3,823.13M	2,495.07M	1,878.88M	1,666.71M	780.23M	964.94M	871.64M	568.05M	550.96M	343.93M	983.72M	1,051.07M	179.57M	16.73M	278.09M	633.09M	492.02M	435.30M	230.19M	-42.99M	271.57M	163.07M	192.21M	-36.96M	136.91M	5.86M	162.57M
(-) Net Interest Income After Taxes	-252.95M	-137.60M	-109.47M	-130.36M	-199.21M	-144.38M	-130.60M	-127.92M	-76.36M	-50.38M	-78.31M	-88.96M	-78.83M	-31.94M	-30.83M	-20.89M	-27.78M	-26.98M	-26.71M	-7.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt Issuance	0.00M	735.04M	-750.00M	735.04M	-793.77M	3,222.41M	-29.66M	20.80M	1,181.31M	-697.56M	-130.00M	-135.00M	2,308.79M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	744.57M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.45M	1.67M	-18.32M	-8.70M	-2.60M	-6.80M	5.90M
Levered Free Cash Flow	5,384.18M	4,683.38M	4,593.45M	4,284.75M	2,995.90M	7,189.91M	2,596.01M	2,027.60M	2,924.38M	133.06M	913.25M	825.60M	2,955.66M	582.91M	374.76M	1,004.61M	1,078.85M	206.55M	43.44M	1,029.66M	633.09M	492.02M	435.30M	230.19M	-42.99M	271.12M	164.74M	173.89M	-45.66M	134.31M	-0.95M	168.47M