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Financials
all figures in US$ Millions except per share data
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Periods:
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Actual
10 year cagr
Where available up to 10y CAGR shown for absolute numbers
10y Average marked A shown for relative numbers such as margins
Fiscal
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Average (A)
Fiscal period end dates
Expand all rows
01Earnings per share
Earnings per share = Net Income / Number of Shares Outstanding
1.6
(1.2)
(1.1)
1.5
(7.3)
(7.5)
1.3
2.4
2.9
3.1
2.4
3.7%
02Free cash flow per share
4.5
2.6
2.4
2.5
2.5
1.2
2.4
1.4
3.1
3.1
3.1
(3.7)%
03Dividends per share
2
2
2
2
2
0.9
0.5
0.6
1
1.1
1.1
(5.5)%
04Dividends payout, %
1.2%
(1.6)%
(1.9)%
1.3%
(27.4)%
(16.5)%
37.2%
24.6%
31.3%
34.4%
47.8%
45%
PROFIT AND LOSS STATEMENT
05Revenue
35,475
27,810
30,440
32,815
32,917
23,601
22,929
28,091
33,135
36,289
35,709
0.1%
06% Change
-
-
-
-
-
-
-
-
-
-
-
0.1%
07Cost of revenue
(28,321)
(24,110)
(26,543)
(28,478)
(28,720)
(21,000)
(19,271)
(22,930)
(26,572)
(28,829)
(29,205)
0.3%
08Gross profit
7,154
3,700
3,897
4,337
4,197
2,601
3,658
5,161
6,563
7,460
6,504
(1)%
09% Margin
20.2%
13.3%
12.8%
13.2%
12.8%
11%
16%
18.4%
19.8%
20.6%
18.2%
16% A
10Operating expenses
(1,588)
(1,415)
(1,219)
(1,146)
(1,191)
(945)
(893)
(1,010)
(1,075)
(1,134)
(1,048)
(4.1)%
11% of Revenue
(4.5)%
(5.1)%
(4)%
(3.5)%
(3.6)%
(4)%
(3.9)%
(3.6)%
(3.2)%
(3.1)%
(2.9)%
(3.8)% A
12Operating Income
5,566
2,285
2,678
3,191
(497)
1,656
2,765
4,151
5,499
6,326
5,456
(0.2)%
13Income tax expense
(746)
(278)
(330)
(447)
(311)
(812)
(446)
(779)
(1,007)
(1,093)
(816)
0.9%
14Net Income
2,072
(1,687)
(1,505)
2,138
(10,107)
(10,486)
1,881
3,441
4,203
4,461
3,350
4.9%
15% Margin
5.8%
(6.1)%
(4.9)%
6.5%
(30.7)%
(44.4)%
8.2%
12.3%
12.7%
12.3%
9.4%
(1.7)% A
16Shares Outstanding
1,271
1,357
1,388
1,393
1,385
1,390
1,427
1,437
1,443
1,436
1,488
1.6%
17EPS Basic
1.7
(1.2)
(1.1)
1.5
(7.3)
(7.5)
1.3
2.4
3
3.1
2.4
3.7%
18EPS Diluted
1.6
(1.2)
(1.1)
1.5
(7.3)
(7.5)
1.3
2.4
2.9
3.1
2.4
3.7%
19EBITDA
9,644
6,379
6,760
6,747
(6,255)
(8,764)
4,617
6,430
7,544
8,069
7,147
(3)%
% Margin
27.2%
22.9%
22.2%
20.6%
(19)%
(37.1)%
20.1%
22.9%
22.8%
22.2%
20%
13.2% A
20Net Interest Income (expense)
(294)
(460)
(438)
(515)
(568)
(530)
(506)
(391)
(403)
(338)
(340)
1.5%
21Net Debt / EBITDA
1.7
2.6
2.4
2.2
(2.3)
(1.8)
2.7
1.6
1.2
1.1
1.3
1.2 A
BALANCE SHEET
ASSETS
Current Assets
22Cash & equivalents
2,793
2,929
1,799
1,433
1,137
844
1,757
1,655
2,900
3,544
3,036
0.8%
23Short-term investments
10,241
6,328
3,290
1,344
1,030
2,162
1,382
1,239
1,089
1,125
1,176
(19.5)%
24Accounts receivable
8,780
9,387
8,084
7,881
7,747
5,247
5,315
6,766
7,812
8,011
8,689
(0.1)%
25Other current assets
1,342
1,058
1,278
1,063
1,486
1,312
928
1,344
1,530
1,515
1,580
1.7%
26Inventory
3,756
4,225
4,046
4,010
4,130
3,354
3,272
3,999
4,387
4,375
5,032
3%
27Total Current Assets
26,912
23,927
18,497
15,731
15,530
12,919
12,654
15,003
17,718
18,570
19,513
(3.2)%
Non-Current Assets
28Net property, plant & equipment
13,415
12,821
11,576
11,679
9,270
7,853
7,136
7,286
8,109
8,257
8,773
(4.2)%
29Long-term investments
418
238
1,519
1,538
1,565
3,774
3,830
3,604
3,735
3,718
3,690
24.3%
30Other non-current assets
27,260
40,970
40,395
41,559
29,947
17,888
17,891
17,242
18,395
18,390
22,892
(1.7)%
31Total Non-Current Assets
41,093
54,029
53,490
54,776
40,782
29,515
28,857
28,132
30,239
30,365
35,355
(1.5)%
Total Assets
68,005
77,956
71,987
70,507
56,312
42,434
41,511
43,135
47,957
48,935
54,868
(2.1)%
LIABILITIES
Current Liabilities
32Accounts payable
3,243
4,004
4,614
4,709
4,790
2,937
3,205
3,921
4,613
4,230
4,859
4.1%
33Short-term debt
4,557
3,153
3,324
1,407
524
850
909
1,632
1,123
1,051
2,566
(5.6)%
34Other current liabilities
6,321
7,902
7,344
7,370
7,784
6,704
6,245
6,465
7,659
7,530
7,296
1.4%
35Total Current Liabilities
14,121
15,059
15,282
13,486
13,098
10,491
10,359
12,018
13,395
12,811
14,721
0.4%
Non-Current Liabilities
36Long-term debt
14,442
16,463
14,875
14,644
14,770
16,036
13,286
10,594
10,842
11,023
9,742
(3.9)%
37Other non-current liabilities
3,537
4,905
4,569
5,791
4,268
3,418
2,580
2,534
2,361
2,751
3,114
(1.3)%
38Total Non-Current Liabilities
17,979
21,368
19,444
20,435
19,038
19,454
15,866
13,128
13,203
13,774
12,856
(3.3)%
39Total Liabilities
32,100
36,427
34,726
33,921
32,136
29,945
26,225
25,146
26,598
26,585
27,577
(1.5)%
SHAREHOLDERS` EQUITY
40Common stock
12,693
12,801
12,975
13,132
13,078
12,970
12,608
11,837
11,624
11,458
16,354
2.6%
41Retained earnings / (deficit)
40,870
36,470
32,190
31,658
18,751
7,018
8,199
10,719
13,497
16,395
18,067
(7.8)%
42Accumulated other comprehensive income / (loss)
(4,558)
(4,643)
(4,274)
(4,622)
(4,438)
(4,884)
(3,570)
(3,855)
(4,254)
(4,950)
(4,736)
0.4%
43Noncontrolling interests
272
451
419
424
416
418
282
304
1,170
1,220
1,182
15.8%
44Total shareholders' equity
35,905
41,529
37,261
36,586
24,176
12,489
15,286
17,989
21,359
22,350
27,291
(2.7)%
45Total Liabilities and shareholders' Equity
68,005
77,956
71,987
70,507
56,312
42,434
41,511
43,135
47,957
48,935
54,868
(2.1)%
46Total Debt
18,999
19,616
18,199
16,051
15,294
16,886
14,195
12,226
11,965
12,074
12,308
(4.3)%
47Net Debt
16,206
16,687
16,400
14,618
14,157
16,042
12,438
10,571
9,065
8,530
9,272
(5.4)%
CASH FLOW STATEMENT
CASH FLOWS FROM OPERATING ACTIVITIES
48Net income (loss)
2,072
(1,687)
(1,505)
2,138
(10,107)
(10,486)
1,881
3,441
4,203
4,461
3,350
4.9%
49Depreciation & amortization
4,078
4,094
3,837
3,556
3,589
2,566
2,120
2,147
1,759
1,885
2,643
(4.2)%
50Share-based compensation expense
326
267
343
345
405
397
324
313
293
316
332
0.2%
51Changes in working capital and other assets
2,096
3,587
2,988
(326)
11,544
10,467
326
(2,181)
382
(60)
164
(22.5)%
52Net cash flows from operating activities
8,572
6,261
5,663
5,713
5,431
2,944
4,651
3,720
6,637
6,602
6,489
(2.8)%
CASH FLOWS FROM INVESTING ACTIVITIES
53Purchases of property, plant and equipment
(2,896)
(2,685)
(2,383)
(2,260)
(1,955)
(1,217)
(1,180)
(1,715)
(2,092)
(2,129)
(1,694)
(5.2)%
54Purchases of investments / marketable securities
(6,801)
(1,031)
(1,609)
(981)
(781)
(1,444)
(474)
(587)
(692)
(722)
(257)
(27.9)%
55Proceeds from maturities of marketable securities
2,896
5,544
3,277
1,943
317
1,217
787
249
214
152
194
(23.7)%
56Other investing activities
(3,451)
(2,452)
(1,064)
258
408
(909)
(52)
665
(213)
(446)
345
-
57Net cash flows from investing activities
(10,252)
(624)
(1,779)
(1,040)
(2,011)
(2,353)
(919)
(1,388)
(2,783)
(3,145)
(1,412)
(18)%
CASH FLOWS FROM FINANCING ACTIVITIES
58Issuance (repurchases) of common stock, net
(2,182)
(778)
(969)
(400)
(278)
(26)
137
223
(694)
(1,737)
(2,185)
-
59Dividends paid, net
(2,419)
(2,647)
(2,778)
(2,770)
(2,769)
(1,734)
(699)
(848)
(1,317)
(1,533)
(1,602)
(4)%
60Debt issuance (repayments), net
5,791
(2,377)
(1,612)
(2,048)
(839)
830
(2,147)
(1,613)
(582)
405
(1,616)
-
61Other financing activities
184
374
326
198
168
57
(115)
(144)
81
93
(239)
-
62Net cash flows from financing activities
1,374
(5,428)
(5,033)
(5,020)
(3,718)
(873)
(2,824)
(2,382)
(2,512)
(2,772)
(5,642)
-
63Increase (decrease) in cash and cash equivalents
(337)
136
(1,130)
(366)
(296)
(293)
913
(102)
1,245
644
(508)
4.2%
64Cash and equivalents, ending balance
2,793
2,929
1,799
1,433
1,137
844
1,757
1,655
2,900
3,544
3,036
0.8%
65Free Cash Flow to the Firm (FCFF)
Free Cash Flow to the Firm = Cash Flows from Operating Activities - Capital Expenditures
5,676
3,576
3,280
3,453
3,476
1,727
3,471
2,005
4,545
4,473
4,795
(1.7)%
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