Cash Flow Statement

Operating Cash Flow

+32%

+80%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	36	25	30	43	24	(33)	(84)	(105)	(103)	(50)	(17)	11	20	29	52	62	67	70	82	128	128	168	502	518	621	665	359	315	288	256	256	263	229	255	296	389	432	429	437	383	364	365	345	349	307	303	328	384	445	459	468	413	319	349	365	427	550	488	481	106	145	223	263	734	742	756	748	458	528	540	527	774	730	797	911	933	1 028	1 128	1 153	1 187	1 172	1 137	1 142	1 123	1 141	1 101	1 101	1 057	989	945	956	1 115	1 277	1 506	1 624	1 787
Depreciation & Amortization	88	91	93	89	86	86	82	90	87	78	76	76	75	73	68	67	73	80	81	71	56	45	40	39	45	57	76	93	101	105	105	104	105	104	101	103	105	106	109	109	108	107	105	104	105	108	115	122	130	136	138	137	136	135	135	138	142	150	161	170	177	183	185	188	196	202	207	210	205	200	194	190	190	192	196	202	217	235	250	278	282	279	276	258	260	260	261	323	409	497	585	613	614	618	624	632
Change in Deffered Taxes	(20)	(36)	(9)	14	10	24	2	2	1	7	22	27	27	19	11	4	1	4	(4)	13	(15)	(18)	(3)	(16)	(15)	(22)	(61)	(107)	(96)	(103)	(39)	(10)	0	20	(18)	(35)	(37)	(51)	(48)	4	7	(11)	2	16	1	24	21	28	41	35	24	(6)	(51)	(49)	(48)	(14)	43	43	37	(137)	(109)	(121)	(130)	10	(28)	7	43	342	335	336	292	35	50	33	75	41	62	99	116	94	91	74	17	38	33	33	65	68	54	(2)	(38)	(67)	(59)	(15)	25	48
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	10	3	8	12	17	18	21	23	26	29	31	33	35	35	35	35	33	32	33	34	36	39	41	44	46	45	42	44	47	52	59	60	62	62	64	66	68	70	71	74	86	85	85	83	70	70	69	69	69	70	72	75	79	80	83	86	87	89	90	89	90	96	96	100	106	107	117	120	122	126	131	137	141	146	153	158	165
Other Non-Cash Items	18	39	38	31	34	83	110	108	99	45	14	(14)	(4)	(13)	2	10	(2)	5	15	(30)	27	10	(437)	(18)	(568)	(558)	(63)	102	172	198	112	152	179	172	256	110	71	62	17	93	112	154	166	125	115	58	53	27	40	72	63	144	240	237	226	149	38	38	51	679	625	630	623	80	78	25	35	(85)	(157)	(110)	(98)	12	103	89	39	85	15	(76)	(10)	(7)	55	162	135	119	132	193	213	209	223	188	241	232	175	108	41	23
Cash Taxes Paid	45	74	102	77	43	14	(15)	(26)	(16)	(51)	(64)	(50)	(43)	11	31	37	24	33	28	23	42	65	100	230	244	319	348	266	290	251	204	153	117	115	112	148	160	86	124	129	125	171	156	177	166	198	166	157	157	160	199	190	197	198	189	202	219	218	223	191	182	123	150	154	155	194	223	221	216	251	215	205	224	156	234	290	294	603	497	501	485	241	280	274	263	277	268	254	259	220	292	358	380	432	342	373
Cash Interest Paid	11	14	19	19	21	24	25	16	14	11	8	12	11	10	12	16	28	38	33	87	98	109	133	76	51	42	41	67	88	90	88	71	53	48	62	53	82	74	85	86	91	90	83	80	79	80	79	79	78	115	105	114	105	103	102	103	104	105	108	119	120	149	137	129	133	121	136	148	138	144	124	120	130	104	92	97	83	98	107	118	122	108	122	116	130	123	122	177	285	336	403	405	385	388	373	354
Change in Working Capital	17	(33)	(16)	(22)	(24)	(34)	(32)	11	(6)	28	54	16	32	0	(33)	(21)	(51)	(37)	(10)	19	29	82	69	(351)	179	71	(444)	(187)	(333)	(236)	199	73	(30)	30	(24)	(127)	56	101	104	80	15	(58)	(29)	(6)	101	32	52	13	(48)	0	(49)	(1)	91	38	74	(18)	(67)	(14)	(28)	(42)	(127)	(108)	(102)	(103)	52	59	(65)	103	79	(69)	69	(48)	(67)	150	(65)	(9)	(56)	(488)	(375)	(469)	(306)	(56)	26	168	100	118	133	39	(14)	79	(93)	46	65	141	21	(235)
Cash from Operating Activities	139 N/A	86 -38%	136 +58%	155 +14%	130 -16%	127 -3%	78 -38%	105 +35%	77 -27%	108 +40%	149 +38%	117 -22%	149 +28%	109 -27%	101 -7%	121 +20%	88 -27%	121 +37%	164 +35%	201 +22%	225 +12%	286 +27%	171 -40%	173 +1%	262 +51%	213 -19%	(133) N/A	216 N/A	132 -39%	220 +67%	633 +188%	582 -8%	483 -17%	581 +20%	611 +5%	440 -28%	627 +43%	647 +3%	619 -4%	669 +8%	606 -9%	557 -8%	589 +6%	588 0%	629 +7%	525 -17%	569 +8%	574 +1%	608 +6%	702 +15%	644 -8%	687 +7%	735 +7%	710 -3%	752 +6%	682 -9%	706 +4%	705 0%	702 0%	776 +11%	711 -8%	807 +14%	839 +4%	909 +8%	1 040 +14%	1 049 +1%	968 -8%	1 028 +6%	990 -4%	897 -9%	984 +10%	963 -2%	1 006 +4%	1 261 +25%	1 156 -8%	1 252 +8%	1 266 +1%	898 -29%	1 134 +26%	1 083 -4%	1 294 +19%	1 596 +23%	1 596 N/A	1 706 +7%	1 666 -2%	1 705 +2%	1 773 +4%	1 696 -4%	1 661 -2%	1 707 +3%	1 651 -3%	1 939 +17%	2 072 +7%	2 358 +14%	2 335 -1%	2 255 -3%
Investing Cash Flow
Capital Expenditures	(105)	(82)	(87)	(75)	(61)	(47)	(22)	(32)	(22)	(19)	(20)	(26)	(25)	(25)	(26)	(25)	(21)	(22)	(24)	(21)	(24)	(23)	(22)	(19)	(28)	(38)	(44)	(55)	(57)	(59)	(62)	(59)	(54)	(48)	(45)	(42)	(41)	(46)	(61)	(88)	(94)	(105)	(100)	(87)	(91)	(91)	(104)	(115)	(126)	(136)	(128)	(140)	(133)	(133)	(138)	(133)	(132)	(125)	(127)	(134)	(147)	(147)	(151)	(144)	(124)	(125)	(114)	(111)	(115)	(129)	(127)	(127)	(133)	(132)	(167)	(188)	(204)	(201)	(173)	(163)	(156)	(159)	(168)	(152)	(157)	(154)	(150)	(158)	(157)	(170)	(189)	(207)	(217)	(224)	(237)	(266)
Other Items	166	112	41	(11)	(106)	(127)	(41)	31	(33)	32	(191)	(175)	(170)	(183)	(34)	(928)	(953)	(2 011)	(2 052)	(1 253)	(1 078)	(73)	1 803	1 876	(139)	(160)	(2 742)	(3 094)	(1 202)	(1 083)	(293)	6	78	(38)	(98)	(76)	(134)	(134)	(74)	(58)	35	21	23	(41)	(114)	(1 165)	(1 181)	(1 101)	(1 122)	(32)	0	(15)	(302)	(346)	(303)	(302)	(271)	(1 465)	(1 517)	(1 523)	(1 224)	(41)	12	(746)	(766)	(510)	(476)	307	245	11	(35)	(287)	(361)	(264)	(273)	66	(2 464)	(2 211)	(2 324)	(2 490)	(187)	(303)	22	201	463	155	66	(5 836)	(5 936)	(5 550)	(5 592)	(746)	(762)	(1 028)	(1 233)	(834)
Cash from Investing Activities	61 N/A	31 -50%	(46) N/A	(87) -89%	(167) -93%	(175) -5%	(62) +64%	(0) +100%	(55) -27 617%	13 N/A	(211) N/A	(201) +5%	(195) +3%	(208) -7%	(60) +71%	(953) -1 492%	(974) -2%	(2 034) -109%	(2 076) -2%	(1 274) +39%	(1 102) +14%	(96) +91%	1 781 N/A	1 858 +4%	(168) N/A	(198) -18%	(2 786) -1 308%	(3 149) -13%	(1 259) +60%	(1 142) +9%	(355) +69%	(53) +85%	24 N/A	(86) N/A	(143) -66%	(118) +17%	(175) -48%	(180) -3%	(135) +25%	(146) -8%	(59) +60%	(84) -42%	(77) +8%	(128) -66%	(205) -60%	(1 256) -513%	(1 285) -2%	(1 216) +5%	(1 248) -3%	(168) +87%	(128) +24%	(155) -21%	(435) -181%	(479) -10%	(441) +8%	(435) +1%	(403) +7%	(1 590) -295%	(1 644) -3%	(1 657) -1%	(1 371) +17%	(188) +86%	(139) +26%	(890) -540%	(890) N/A	(635) +29%	(590) +7%	196 N/A	130 -34%	(118) N/A	(162) -37%	(414) -156%	(494) -19%	(396) +20%	(440) -11%	(122) +72%	(2 668) -2 087%	(2 412) +10%	(2 497) -4%	(2 653) -6%	(343) +87%	(462) -35%	(146) +68%	49 N/A	306 +524%	1 -100%	(84) N/A	(5 994) -7 036%	(6 093) -2%	(5 720) +6%	(5 781) -1%	(953) +84%	(979) -3%	(1 252) -28%	(1 470) -17%	(1 100) +25%
Financing Cash Flow
Net Issuance of Common Stock	(531)	(290)	(290)	(303)	2	1	1	1	1	1	1	2	3	(20)	(2)	14	342	924	908	895	569	12	15	17	16	14	11	8	8	12	10	8	(38)	(195)	(294)	(791)	(741)	(587)	(487)	(90)	(144)	(271)	(324)	(275)	(231)	(97)	(43)	(10)	(5)	(108)	(138)	(178)	(208)	(140)	(367)	(377)	(376)	(367)	(167)	(100)	(227)	(211)	(175)	(203)	(146)	(387)	(422)	(394)	(295)	(104)	(200)	(200)	(322)	(302)	(186)	(222)	(262)	(480)	(921)	(943)	(1 248)	(1 166)	(691)	(633)	(325)	(159)	(159)	(269)	(110)	(168)	(255)	(145)	(260)	(302)	(330)	(616)
Net Issuance of Debt	246	156	142	150	0	0	(152)	(150)	0	(150)	0	0	0	205	205	930	928	1 157	1 138	311	310	(126)	(1 163)	(1 061)	67	69	2 036	2 016	811	664	(361)	(340)	(282)	(177)	(135)	193	180	138	209	(248)	(324)	(250)	(262)	(145)	(45)	779	693	606	496	(431)	(333)	(235)	(39)	40	190	137	231	1 455	1 265	1 300	1 131	(224)	(39)	420	287	260	156	(320)	(422)	(337)	(306)	(419)	546	(9)	(81)	1 948	1 653	2 102	2 383	442	128	262	(239)	(318)	(756)	4 133	4 210	4 977	4 887	(96)	(3)	(812)	(662)	(888)	(907)	(826)
Cash Paid for Dividends	0	0	0	0	(1)	(3)	(6)	(8)	(10)	(11)	(10)	(8)	(7)	(4)	(4)	(3)	(107)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(22)	(43)	(65)	(86)	(86)	(87)	(87)	(88)	(91)	(95)	(98)	(101)	(119)	(133)	(149)	(165)	(175)	(188)	(200)	(212)	(222)	(233)	(243)	(253)	(263)	(271)	(280)	(290)	(294)	(300)	(305)	(310)	(313)	(316)	(320)	(323)	(331)	(341)	(350)	(358)	(367)	(375)	(383)	(392)	(403)	(412)	(441)	(470)	(500)	(530)	(541)	(552)	(569)	(586)	(601)
Other	(0)	(10)	(10)	5	(2)	(2)	(2)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(2)	14	17	19	25	12	10	14	16	16	15	12	5	4	12	2	(4)	(6)	(11)	(5)	3	7	16	8	13	11	(3)	6	6	7	19	17	38	26	27	42	26	20	19	19	34	(21)	(28)	(27)	(52)	90	43	14	(27)	(86)	(34)	(4)	(33)	15	(30)	(44)	(1 548)	(1 616)	(1 569)	(1 568)	504	538	533	985	2 269	3 100	5 772	7 210	2 370	1 528	(822)	(3 859)	(47)	(1 349)	(1 765)	(548)	(1 063)	(295)	(1 014)	(587)	(910)
Cash from Financing Activities	(286) N/A	(143) +50%	(158) -10%	(148) +6%	148 N/A	(8) N/A	(158) -1 951%	(158) +0%	(160) -1%	(161) -1%	(10) +94%	(7) +32%	(4) +39%	181 N/A	200 +10%	940 +371%	1 177 +25%	2 097 +78%	2 064 -2%	1 230 -40%	995 -19%	(104) N/A	(1 134) -994%	(1 028) +9%	99 N/A	97 -1%	2 059 +2 018%	2 029 -1%	823 -59%	688 -16%	(349) N/A	(336) +4%	(326) +3%	(383) -17%	(434) -13%	(595) -37%	(554) +7%	(433) +22%	(270) +38%	(325) -20%	(457) -41%	(546) -19%	(623) -14%	(479) +23%	(355) +26%	615 N/A	580 -6%	547 -6%	429 -22%	(603) N/A	(524) +13%	(485) +7%	(328) +32%	(200) +39%	(291) -46%	(355) -22%	(331) +7%	885 N/A	883 0%	948 +7%	782 -18%	(614) N/A	(433) +29%	(53) +88%	(198) -274%	(424) -114%	(541) -28%	(1 027) -90%	(992) +3%	(765) +23%	(850) -11%	(2 472) -191%	(1 702) +31%	(2 193) -29%	(2 151) +2%	1 910 N/A	1 606 -16%	1 824 +14%	2 106 +15%	1 418 -33%	1 622 +14%	4 501 +177%	5 905 +31%	1 036 -82%	55 -95%	2 749 +4 898%	(220) N/A	4 220 N/A	2 958 -30%	(2 529) N/A	(1 336) +47%	(2 561) -92%	(1 769) +31%	(2 773) -57%	(2 410) +13%	(2 953) -23%
Change in Cash
Effect of Foreign Exchange Rates	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12	9	(17)	(47)	(61)	(43)	0	27	21	(5)	(9)	(6)	6	18	(7)	(7)	(4)	(14)	6	10	(3)	4	(2)	(4)	4	4	(6)	(18)	(28)	(21)	(16)	(11)	3	(7)	(4)	(6)	(10)	3	8	15	13	(8)	(12)	(10)	(18)	(7)	(15)	(188)	(192)	(181)	(168)	353	188	352	164	(331)	(318)	(1 009)	(1 869)	(1 293)	(1 100)	(841)	131	202	(138)	152	427	(537)	177	391	191	726
Net Change in Cash	(85) N/A	(27) +69%	(68) -154%	(80) -18%	112 N/A	(56) N/A	(142) -156%	(53) +63%	(138) -163%	(40) +71%	(71) -77%	(91) -27%	(50) +45%	82 N/A	241 +194%	107 -56%	291 +172%	185 -37%	152 -18%	157 +3%	118 -25%	86 -27%	818 +849%	1 003 +23%	205 -80%	121 -41%	(876) N/A	(951) -9%	(365) +62%	(277) +24%	(71) +74%	220 N/A	202 -8%	107 -47%	25 -77%	(279) N/A	(96) +66%	52 N/A	207 +298%	191 -8%	86 -55%	(87) N/A	(105) -21%	(9) +91%	66 N/A	(112) N/A	(138) -23%	(99) +28%	(207) -109%	(65) +69%	(14) +78%	29 N/A	(56) N/A	10 N/A	4 -60%	(119) N/A	(25) +79%	(7) +72%	(63) -800%	61 N/A	112 +84%	8 -93%	275 +3 338%	(19) N/A	(35) -84%	(18) +49%	(175) -872%	187 N/A	110 -41%	7 -94%	(43) N/A	(2 111) -4 809%	(1 382) +35%	(1 509) -9%	(1 603) -6%	3 393 N/A	392 -88%	662 +69%	907 +37%	(483) N/A	2 255 N/A	4 626 +105%	5 486 +19%	1 498 -73%	927 -38%	3 614 +290%	1 600 -56%	124 -92%	(1 612) N/A	(6 390) -296%	(5 039) +21%	(2 112) +58%	(499) +76%	(1 276) -156%	(1 354) -6%	(1 072) +21%
Free Cash Flow
Free Cash Flow	35 N/A	4 -87%	49 +1 018%	79 +63%	70 -12%	80 +14%	56 -29%	74 +31%	55 -25%	89 +61%	129 +45%	91 -30%	124 +36%	84 -33%	75 -10%	96 +27%	68 -29%	99 +46%	140 +41%	180 +29%	201 +12%	263 +31%	149 -43%	155 +4%	234 +51%	175 -25%	(177) N/A	161 N/A	75 -53%	161 +115%	571 +255%	523 -8%	429 -18%	533 +24%	566 +6%	398 -30%	586 +47%	601 +3%	558 -7%	581 +4%	512 -12%	452 -12%	489 +8%	501 +2%	538 +7%	434 -19%	465 +7%	459 -1%	482 +5%	566 +17%	516 -9%	547 +6%	602 +10%	577 -4%	614 +6%	549 -11%	574 +5%	580 +1%	575 -1%	642 +12%	564 -12%	660 +17%	688 +4%	765 +11%	916 +20%	924 +1%	854 -8%	917 +7%	875 -5%	768 -12%	857 +12%	836 -2%	873 +4%	1 129 +29%	989 -12%	1 064 +8%	1 062 0%	697 -34%	961 +38%	920 -4%	1 138 +24%	1 437 +26%	1 428 -1%	1 554 +9%	1 509 -3%	1 551 +3%	1 623 +5%	1 538 -5%	1 504 -2%	1 537 +2%	1 462 -5%	1 732 +18%	1 855 +7%	2 134 +15%	2 098 -2%	1 989 -5%

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