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$25.12B
Revenue
$3.25B
Net Income
63.96%
Gross Margin
19.47%
Op. Margin
$5.46B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 17 annual reports available (2009 - 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 $25.12B $25.12B $22.59B $20.50B $18.45B $17.11B $14.35B $14.88B $13.60B $12.44B $11.32B
Revenue Growth % 0.0% 11.2% 10.2% 11.1% 7.8% 19.2% -3.6% 9.4% 9.3% 9.9% nan%
Cost of Revenue $9.05B $9.05B $8.15B $7.44B $6.87B $6.14B $5.29B $5.19B $4.66B $4.26B $3.82B
+ Gross Profit $16.07B $16.07B $14.44B $13.06B $11.58B $10.97B $9.06B $9.70B $8.94B $8.17B $7.50B
Gross Margin % 64.0% 64.0% 63.9% 63.7% 62.8% 64.1% 63.1% 65.1% 65.7% 65.7% 66.2%
Operating Expenses $11.18B $11.18B $10.75B $9.17B $8.74B $8.38B $6.83B $6.98B $6.40B $5.88B $5.33B
Research & Development $1.62B $1.62B $1.47B $1.39B $1.45B $1.24B $984.00M $971.00M $862.00M $787.00M $715.00M
Selling General & Admin $8.65B $8.65B $7.68B $7.13B $6.46B $6.43B $5.36B $5.36B $5.10B $4.55B $4.14B
+ Operating Income $4.89B $4.89B $3.69B $3.89B $2.84B $2.58B $2.22B $2.71B $2.54B $2.29B $2.17B
Operating Margin % 19.5% 19.5% 16.3% 19.0% 15.4% 15.1% 15.5% 18.2% 18.7% 18.4% 19.1%
Interest Expense - $582.00M $396.00M $356.00M $324.00M $325.00M $304.00M $286.00M $248.00M $264.00M $180.00M
Other Income/Expense $232.00M $232.00M $-197.00M $-215.00M $-158.00M $-303.00M $-269.00M $-151.00M $-181.00M $-227.00M $-245.00M
Income Before Tax $4.51B $4.51B $3.49B $3.67B $2.68B $2.28B $1.95B $2.56B $2.36B $2.06B $1.92B
Income Tax Expense $1.27B $1.27B $499.00M $508.00M $325.00M $287.00M $355.00M $479.00M $-1.20B $1.04B $274.00M
+ Net Income $3.25B $3.25B $2.99B $3.17B $2.36B $1.99B $1.60B $2.08B $3.55B $1.02B $1.65B
Net Margin % 12.9% 12.9% 13.2% 15.4% 12.8% 11.7% 11.1% 14.0% 26.1% 8.2% 14.5%
Basic EPS 8.50 8.49 7.86 8.34 6.23 5.29 4.26 5.57 9.50 2.73 4.40
Diluted EPS 8.40 8.40 7.76 8.25 6.17 5.21 4.20 5.48 9.34 2.68 4.35
Basic Shares Outstanding - 382.2M 381.0M 379.6M 378.2M 377.0M 375.5M 374.0M 374.1M 374.0M 374.1M
Diluted Shares Outstanding - 386.5M 385.6M 383.7M 382.2M 382.3M 380.3M 379.9M 380.3M 380.1M 378.5M
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 $4.01B $3.65B $2.97B $1.84B $2.94B $2.94B $4.34B $3.62B $2.54B $3.32B
Accounts Receivable $4.04B $3.99B $3.77B $3.56B $3.02B $2.70B $2.89B $2.33B $2.20B $1.97B
Inventory $5.31B $4.77B $4.84B $4.00B $3.31B $3.49B $3.28B $2.96B $2.46B $2.03B
Total Current Assets $14.76B $14.85B $12.52B $10.28B $10.02B $9.71B $11.36B $9.73B $7.99B $7.86B
Property Plant & Equipment $3.88B $3.45B $3.21B $2.97B $2.83B $2.75B $2.57B $2.29B $1.98B $1.57B
Goodwill $19.29B $15.86B $15.24B $14.88B $12.92B $12.78B $9.07B $8.56B $7.17B $6.36B
Intangible Assets $5.68B $4.39B $4.59B $4.88B $4.84B $5.55B $4.23B $4.16B $3.48B $3.51B
Other Non-current Assets $3.14B $2.68B $2.67B $2.46B $2.26B $2.01B $1.37B $801.00M $1.58B $1.14B
Total Assets $47.84B $42.97B $39.91B $36.88B $34.63B $34.33B $30.17B $27.23B $22.20B $20.43B
Short-term Debt $1.00B $1.41B $2.09B $1.19B $7.00M $761.00M $859.00M $1.37B $632.00M $228.00M
Other Current Liabilities $2.65B $2.27B $1.93B $1.74B $1.47B $1.59B $1.53B $1.52B $1.01B $923.00M
Total Current Liabilities $7.79B $7.62B $7.92B $6.30B $4.55B $5.04B $4.40B $4.81B $3.48B $3.15B
Long-term Debt $14.86B $12.19B $10.90B $11.86B $12.47B $13.23B $10.23B $8.49B $6.59B $6.69B
Deferred Tax Liabilities $137.00M $82.00M - - - - - - - -
Other Non-current Liabilities $2.37B $2.18B $1.93B $1.47B $1.82B $1.99B $1.66B $978.00M $881.00M $1.05B
Total Liabilities $25.42B $22.34B $21.32B $20.27B $19.75B $21.25B $17.36B $15.50B $12.22B $10.88B
Retained Earnings $20.47B $18.53B $16.77B $14.77B $13.48B $12.46B $11.75B $10.77B $8.99B $8.84B
Total Stockholders Equity $22.42B $20.63B $18.59B $16.62B $14.88B $13.08B $12.81B $11.73B $9.97B $9.55B
Total Liabilities & Equity $47.84B $42.97B $39.91B $36.88B $34.63B $34.33B $30.17B $27.23B $22.20B $20.43B
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 $3.25B $3.25B $2.99B $3.17B $2.36B $1.99B $1.60B $2.08B $3.55B $1.02B $1.65B
Depreciation & Amortization - $1.57B $1.43B $1.34B - - - - - - -
Stock-based Compensation $460.00M $243.00M $229.00M $205.00M $168.00M $171.00M $142.00M $127.00M $119.00M $113.00M $97.00M
Deferred Income Tax $582.00M $392.00M $-370.00M $-206.00M $58.00M $-237.00M $48.00M $126.00M $-1.58B $36.00M $-46.00M
Change in Receivables $-528.00M $-127.00M $321.00M $175.00M $579.00M $377.00M $-354.00M $563.00M $60.00M $162.00M $192.00M
Change in Inventory $616.00M $297.00M $206.00M $797.00M $762.00M $189.00M $-27.00M $400.00M $385.00M $320.00M $299.00M
Operating Cash Flow $6.66B $5.04B $4.24B $3.71B $2.62B $3.26B $3.28B $2.19B $2.61B $1.56B $1.81B
Capital Expenditure $1.19B $761.00M $755.00M $575.00M $588.00M $525.00M $487.00M $649.00M $572.00M $598.00M $490.00M
Acquisitions $14.52B $4.96B $1.63B $390.00M $2.56B $339.00M $4.22B $802.00M $2.45B $831.00M $4.33B
Purchases of Investments - - $58.00M $52.00M $52.00M $49.00M $54.00M $74.00M $226.00M $270.00M $151.00M
Investing Cash Flow $-13.24B $-4.87B $-3.00B $-962.00M $-2.92B $-859.00M $-4.70B $-1.46B $-2.86B $-1.61B $-4.19B
Debt Repayment - $1.40B $2.04B $2.06B $653.00M $1.15B $2.30B $1.34B $669.00M - $750.00M
Stock Repurchased - - - - - - - $307.00M $300.00M $230.00M $13.00M
Dividends Paid $2.25B $1.28B $1.22B $1.14B $1.05B $950.00M $863.00M $778.00M $703.00M $636.00M $568.00M
Financing Cash Flow $4.19B $113.00M $-525.00M $-1.59B $-749.00M $-2.37B $-11.00M $3.00M $1.33B $-794.00M $2.36B
Net Change in Cash $-2.25B $359.00M $681.00M $1.13B $-1.10B $1.00M $-1.39B $721.00M $1.07B $-774.00M $-63.00M
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 $6.06B $5.49B $17.95B $16.16B
Cost of Revenue $2.21B $1.98B $6.51B $5.89B
Gross Profit $3.85B $3.52B $11.44B $10.27B
Operating Expenses $2.72B $2.43B $8.35B $7.16B
Research & Development $410.00M $377.00M $1.22B $1.11B
Selling General & Admin $2.04B $1.89B $6.42B $5.56B
Operating Income $1.14B $1.08B $3.08B $3.11B
Other Income/Expense $-106.00M $-42.00M $-276.00M $-144.00M
Income Before Tax $1.03B $1.04B $2.81B $2.96B
Income Tax Expense $170.00M $209.00M $412.00M $517.00M
Net Income $859.00M $834.00M $2.40B $2.45B
Basic EPS 2.25 2.18 6.27 6.42
Diluted EPS 2.22 2.16 6.20 6.35
Basic Shares Outstanding $382.40M $381.10M $382.10M $380.90M
Diluted Shares Outstanding $386.70M $385.60M $386.50M $385.40M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $3.26B $3.65B
Accounts Receivable $3.64B $3.99B
Inventory $5.37B $4.77B
Total Current Assets $13.71B $14.85B
Property Plant & Equipment $3.73B $3.45B
Goodwill $19.26B $15.86B
Intangible Assets $5.84B $4.39B
Other Non-current Assets $3.14B $2.68B
Total Assets $47.06B $42.97B
Short-term Debt $1.75B $1.41B
Other Current Liabilities $2.42B $2.27B
Total Current Liabilities $7.41B $7.62B
Long-term Debt $14.85B $12.19B
Other Non-current Liabilities $2.61B $2.18B
Total Liabilities $25.27B $22.34B
Retained Earnings $19.96B $18.53B
Total Stockholders Equity $21.79B $20.63B
Total Liabilities & Equity $47.06B $42.97B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $859.00M $834.00M $2.40B $2.45B
Stock-based Compensation - - $195.00M $184.00M
Deferred Income Tax - - $191.00M $-21.00M
Change in Receivables - - $-524.00M $-67.00M
Change in Inventory - - $373.00M $362.00M
Operating Cash Flow - - $2.90B $2.31B
Capital Expenditure - - $493.00M $489.00M
Acquisitions - - $4.95B $1.60B
Purchases of Investments - - $32.00M $41.00M
Investing Cash Flow - - $-4.56B $-2.70B
Debt Repayment - - $650.00M $601.00M
Dividends Paid - - $963.00M $914.00M
Financing Cash Flow - - $1.21B $1.27B
Net Change in Cash - - $-396.00M $879.00M

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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