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$22.42B
Revenue
$1.07B
Net Income
21.73%
Gross Margin
7.38%
Op. Margin
$1.74B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 14 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $22.42B $22.42B $21.00B $21.38B $23.75B $20.82B $18.47B $18.03B $16.24B $14.83B $13.67B
Revenue Growth % 0.0% 6.8% -1.8% -10.0% 14.1% 12.7% 2.4% 11.0% 9.5% 8.5% nan%
Cost of Revenue $17.55B $17.55B $16.40B $16.72B $19.06B $17.25B $15.26B $14.99B $13.53B $12.74B $11.65B
+ Gross Profit $4.87B $4.87B $4.60B $4.65B $4.69B $3.57B $3.21B $3.04B $2.71B $2.45B $2.33B
Gross Margin % 21.7% 21.7% 21.9% 21.8% 19.7% 17.1% 17.4% 16.9% 16.7% 16.5% 17.0%
Selling General & Admin $3.22B $3.22B $2.95B $2.97B $2.95B $2.15B $2.03B $1.71B $1.54B $1.41B $1.35B
+ Operating Income $1.66B $1.66B $1.65B $1.68B $1.74B $1.42B $1.18B $1.13B $987.30M $866.10M $819.20M
Operating Margin % 7.4% 7.4% 7.9% 7.9% 7.3% 6.8% 6.4% 6.3% 6.1% 5.8% 6.0%
Interest Expense $408.60M $234.30M $217.50M $233.20M $224.30M $134.30M $139.40M $154.20M $148.80M $148.50M $144.30M
Other Income/Expense $-800.00K $-800.00K $-1.40M $-4.10M $-11.70M $29.70M $-22.00M $-24.50M $1.80M $2.10M $1.80M
Income Before Tax $1.43B $1.43B $1.44B $1.45B $1.49B $1.30B $1.00B $949.70M $840.50M $660.30M $672.40M
Income Tax Expense $360.80M $360.80M $357.60M $345.90M $373.30M $309.20M $213.80M $212.90M $197.50M $137.30M $248.00M
+ Net Income $1.07B $1.07B $1.08B $1.10B $1.11B $988.60M $788.50M $736.80M $643.00M $523.00M $424.40M
Net Margin % 4.8% 4.8% 5.1% 5.2% 4.7% 4.7% 4.3% 4.1% 4.0% 3.5% 3.1%
Basic EPS nan 8.13 8.06 8.20 8.24 7.14 5.53 5.08 4.26 3.37 2.59
Diluted EPS nan 8.08 7.97 8.10 8.13 7.04 5.45 4.99 4.19 3.31 2.56
Basic Shares Outstanding -400K 131.3M 133.8M 134.6M 135.2M 138.5M 142.6M 145.1M 150.9M 155.4M 163.6M
Diluted Shares Outstanding -500K 132.1M 135.2M 136.3M 137.0M 140.5M 144.8M 147.8M 153.6M 158.2M 166.0M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents $618.70M $503.50M $588.70M $315.20M $258.10M $1.41B $154.00M $205.80M $144.20M $263.70M
Short-term Investments - $214.20M - - - - - - - -
Accounts Receivable $6.31B $5.14B $4.57B $4.46B $4.50B $3.21B $3.00B $2.67B $2.32B $2.17B
Inventory $563.40M $605.30M $668.10M $800.20M $927.60M $760.00M $611.20M $454.30M $449.50M $452.00M
Other Current Assets $452.00M $404.40M $410.20M $498.20M $357.50M $191.20M $171.60M $149.10M $127.40M $118.90M
Total Current Assets $8.50B $7.37B $6.71B $6.56B $6.48B $5.95B $4.33B $3.80B $3.38B $3.24B
Property Plant & Equipment $171.50M $192.00M $195.50M $188.80M $195.80M $175.50M $363.10M $156.10M $161.10M $163.70M
Goodwill $4.66B $4.62B $4.41B $4.34B $4.38B $2.60B $2.55B $2.46B $2.48B $2.46B
Intangible Assets $1.19B $1.36B $1.37B $1.49B $1.63B $445.10M $594.10M $712.20M $897.00M $1.06B
Other Non-current Assets - - $472.20M $396.10M $358.90M $43.90M $23.30M $39.80M $40.80M $36.00M
Total Assets $16.03B $14.68B $13.28B $13.13B $13.20B $9.34B $8.00B $7.17B $6.96B $6.95B
Deferred Revenue $534.00M $491.00M $487.40M $485.50M $402.90M $243.70M $252.20M $178.30M $194.00M $172.60M
Other Current Liabilities - - - $483.20M $454.80M $424.80M $491.40M $232.00M $243.40M -
Total Current Liabilities $7.23B $5.47B $5.44B $4.95B $5.10B $3.90B $3.49B $2.80B $2.51B $2.28B
Long-term Debt $4.62B $5.61B $5.03B $5.87B $6.76B $3.86B $3.28B $3.18B $3.21B $3.22B
Deferred Tax Liabilities $171.80M $167.40M $171.40M $203.40M $222.30M $55.30M $62.40M $141.90M $196.30M -
Other Non-current Liabilities - - $432.90M $336.10M $235.40M $68.70M $71.00M $64.20M $52.80M $37.10M
Common Stock $1.30M $1.30M $1.30M $1.40M $1.30M $1.40M $1.40M $1.50M $1.50M $1.60M
Retained Earnings $-1.27B $-1.32B $-1.53B $-1.76B $-2.57B $-1.81B $-2.02B $-1.89B $-1.83B $-1.67B
Total Stockholders Equity $2.61B $2.35B $2.04B $1.60B $705.70M $1.30B $960.30M $975.20M $982.90M $1.05B
Total Liabilities & Equity $16.03B $14.68B $13.28B $13.13B $13.20B $9.34B $8.00B $7.17B $6.96B $6.95B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $1.29B $1.07B $1.08B $1.10B $1.11B $988.60M $788.50M $736.80M $643.00M $523.00M $424.40M
Depreciation & Amortization - $295.60M $275.30M $270.70M - - - - - - -
Deferred Income Tax - $1.30M $-14.10M $-32.70M - - - - - - -
Change in Receivables $1.80B $1.17B $559.40M $54.50M $34.80M $616.80M $226.40M $244.80M $365.10M $128.40M $179.90M
Change in Inventory $211.20M $-48.20M $-61.10M $-139.00M $-111.90M $151.00M $71.40M $153.00M $46.80M $-8.50M $68.50M
Operating Cash Flow $1.94B $1.21B $1.28B $1.60B $1.34B $784.60M $1.31B $1.03B $905.90M $777.70M $604.00M
Capital Expenditure $193.40M $117.10M $122.60M $148.20M $127.80M $100.00M $158.00M $236.30M $86.10M $81.10M $63.50M
Acquisitions $31.50M $21.50M $323.90M $76.40M $36.70M $2.71B $43.00M $95.10M - - -
Investing Cash Flow $192.90M $70.20M $-659.20M $-229.60M $-164.50M $-2.77B $-201.00M $-331.40M $-86.10M $-81.10M $-65.90M
Debt Repayment - $211.10M - $150.00M $635.50M $46.10M $622.50M $539.00M - $2.12B $1.49B
Stock Repurchased $1.20B $653.00M $500.00M $500.00M - $1.50B $340.60M $657.20M $522.30M $534.00M $367.40M
Dividends Paid $576.50M $328.60M $332.10M $321.50M $282.60M $234.80M $219.60M $183.40M $139.40M $106.90M $78.70M
Financing Cash Flow $-2.13B $-1.18B $-686.90M $-1.10B $-1.10B $832.80M $138.80M $-749.80M $-754.80M $-818.70M $-304.60M
Net Change in Cash $52.60M $111.20M $-81.00M $273.50M $57.10M $-1.15B $1.26B $-51.80M $61.60M $-119.50M $226.10M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $5.74B $5.52B $16.91B $15.81B
Cost of Revenue $4.48B $4.32B $13.29B $12.37B
Gross Profit $1.26B $1.20B $3.62B $3.45B
Selling General & Admin $812.20M $719.10M $2.39B $2.20B
Operating Income $443.30M $481.60M $1.22B $1.24B
Interest Expense - - $173.10M $146.90M
Other Income/Expense $1.10M $400.00K $2.30M $-800.00K
Income Before Tax $389.40M $427.60M $1.06B $1.08B
Income Tax Expense $98.40M $111.20M $271.20M $270.30M
Net Income $291.00M $316.40M $787.10M $813.60M
Basic EPS 2.22 2.37 5.98 6.07
Diluted EPS 2.21 2.34 5.94 6.00
Basic Shares Outstanding $131.00M $133.50M $131.70M $134.00M
Diluted Shares Outstanding $131.80M $134.90M $132.60M $135.50M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $452.90M $503.50M
Short-term Investments - $214.20M
Accounts Receivable $5.79B $5.14B
Inventory $504.70M $605.30M
Other Current Assets $421.40M $404.40M
Total Current Assets $7.78B $7.37B
Property Plant & Equipment $177.10M $192.00M
Goodwill $4.64B $4.62B
Intangible Assets $1.23B $1.36B
Total Assets $15.20B $14.68B
Deferred Revenue $477.00M $491.00M
Total Current Liabilities $5.59B $5.47B
Long-term Debt $5.62B $5.61B
Deferred Tax Liabilities $165.30M $167.40M
Common Stock $1.30M $1.30M
Retained Earnings $-1.31B $-1.32B
Total Stockholders Equity $2.54B $2.35B
Total Liabilities & Equity $15.20B $14.68B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $291.00M $316.40M $787.10M $813.60M
Change in Receivables - - $633.00M $320.90M
Change in Inventory - - $-106.80M $10.50M
Operating Cash Flow - - $771.40M $932.00M
Capital Expenditure - - $79.20M $94.00M
Acquisitions - - $5.00M $200.00K
Investing Cash Flow - - $124.70M $-305.50M
Debt Repayment - - $211.10M -
Stock Repurchased - - $500.00M $354.00M
Dividends Paid - - $246.90M $249.00M
Financing Cash Flow - - $-968.70M $-270.70M
Net Change in Cash - - $-54.60M $358.00M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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