AAPL — Definitive Analysis

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	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Stock Price	255.46	201.08	224.81	216.37	180.65	149.19	144.38	98.65	56.03	45.93	38.19	26.73	29.55	23.97	16.80	21.08	13.28	9.94	5.72	4.71	5.08	2.52	1.84	0.72	0.33	0.31	0.37	0.76	0.42	0.30	0.15	0.20	0.34	0.29	0.32	0.47	0.48	0.35	0.35	0.38	0.38	0.15	0.08
Market Capitalization	3,818,744M	2,996,672M	3,360,876M	3,293,105M	2,826,260M	2,402,567M	2,389,011M	1,688,879M	1,020,638M	875,183M	789,519M	577,474M	672,899M	572,574M	432,870M	547,119M	344,762M	254,425M	143,843M	116,498M	123,694M	60,033M	42,173M	15,501M	6,759M	6,253M	7,267M	13,799M	6,934M	4,461M	2,155M	2,824M	4,653M	3,952M	4,231M	6,428M	6,605M	4,858M	4,967M	5,366M	5,378M	2,183M	1,167M
(-) Cash and Cash Equivalents	33,539M	36,269M	32,657M	29,626M	30,955M	24,945M	36,144M	36,896M	44,283M	36,929M	20,377M	19,152M	16,904M	16,312M	12,909M	11,242M	12,049M	10,430M	5,736M	9,389M	8,182M	6,978M	3,247M	2,931M	3,509M	1,817M	2,129M	1,504M	1,486M	1,298M	1,179M	1,146M	1,031M	1,145M	651M	645M	696M	606M	212M	136M	141M	144M	169M
(+) Total Debt	112,377M	101,698M	104,087M	105,438M	112,716M	120,816M	125,689M	118,817M	111,462M	116,413M	111,235M	84,847M	56,395M	29,925M	12,720M	0M	0M	0M	0M	0M	0M	0M	0M	0M	306M	316M	317M	302M	518M	959M	1,029M	1,014M	726M	682M	488M	173M	89M	48M	31M	32M	0M	0M	0M
Enterprise Value	3,897,582M	3,062,101M	3,432,306M	3,368,917M	2,908,022M	2,498,437M	2,478,557M	1,770,800M	1,087,816M	954,668M	880,377M	643,170M	712,390M	586,187M	432,681M	535,878M	332,714M	243,995M	138,107M	107,109M	115,512M	53,055M	38,926M	12,571M	3,555M	4,751M	5,455M	12,597M	5,966M	4,123M	2,005M	2,691M	4,348M	3,488M	4,068M	5,955M	5,999M	4,300M	4,786M	5,261M	5,236M	2,038M	998M

Income Statement

Metric	TTM	TTM-1	2025-09-27	2024-09-28	2023-09-30	2022-09-24	2021-09-25	2020-09-26	2019-09-28	2018-09-29	2017-09-30	2016-09-24	2015-09-26	2014-09-27	2013-09-28	2012-09-29	2011-09-24	2010-09-25	2009-09-26	2008-09-27	2007-09-29	2006-09-30	2005-09-24	2004-09-25	2003-09-27	2002-09-28	2001-09-29	2000-09-30	1999-09-25	1998-09-25	1997-09-26	1996-09-27	1995-09-29	1994-09-30	1993-09-30	1992-09-30	1991-09-30	1990-09-30	1989-09-30	1988-09-30	1987-09-30	1986-09-30	1985-09-30
Revenue	416,161M	391,035M	416,161M	391,035M	383,285M	394,328M	365,817M	274,515M	260,174M	265,595M	229,234M	215,639M	233,715M	182,795M	170,910M	156,508M	108,249M	65,225M	42,905M	32,479M	24,006M	19,315M	13,931M	8,279M	6,207M	5,742M	5,363M	7,983M	6,134M	5,941M	7,081M	9,833M	11,062M	9,189M	7,977M	7,087M	6,309M	5,558M	5,284M	4,071M	2,661M	1,902M	1,918M
Cost of Revenue	220,960M	210,352M	220,960M	210,352M	214,137M	223,546M	212,981M	169,559M	161,782M	163,756M	141,048M	131,376M	140,089M	112,258M	106,606M	87,846M	64,431M	39,541M	25,683M	21,334M	15,852M	13,717M	9,889M	6,022M	4,499M	4,139M	4,128M	5,817M	4,438M	4,462M	5,713M	8,865M	8,204M	6,845M	5,249M	3,991M	3,110M	2,404M	2,570M	1,913M	1,226M	840M	1,076M
Gross Profit	195,201M	180,683M	195,201M	180,683M	169,148M	170,782M	152,836M	104,956M	98,392M	101,839M	88,186M	84,263M	93,626M	70,537M	64,304M	68,662M	43,818M	25,684M	17,222M	11,145M	8,154M	5,598M	4,042M	2,259M	1,708M	1,603M	1,235M	2,166M	1,696M	1,479M	1,368M	968M	2,858M	2,344M	2,728M	3,095M	3,199M	3,155M	2,714M	2,158M	1,435M	1,062M	842M
Gross Profit Margin	46.9%	46.2%	46.9%	46.2%	44.1%	43.3%	41.8%	38.2%	37.8%	38.3%	38.5%	39.1%	40.1%	38.6%	37.6%	43.9%	40.5%	39.4%	40.1%	34.3%	34.0%	29.0%	29.0%	27.3%	27.5%	27.9%	23.0%	27.1%	27.6%	24.9%	19.3%	9.8%	25.8%	25.5%	34.2%	43.7%	50.7%	56.8%	51.4%	53.0%	53.9%	55.8%	43.9%
Research and Development	34,550M	31,370M	34,550M	31,370M	29,915M	26,251M	21,914M	18,752M	16,217M	14,236M	11,581M	10,045M	8,067M	6,041M	4,475M	3,381M	2,429M	1,782M	1,333M	1,109M	782M	712M	535M	491M	471M	447M	441M	380M	314M	310M	860M	604M	614M	564M	665M	602M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Selling, General and Admin Expenses	27,601M	26,097M	27,601M	26,097M	24,932M	25,094M	21,973M	19,916M	18,245M	16,705M	15,261M	14,194M	14,329M	11,993M	10,830M	10,040M	7,599M	5,517M	4,149M	3,761M	2,963M	2,433M	1,864M	1,430M	1,212M	1,109M	1,138M	1,166M	996M	908M	1,286M	1,568M	1,583M	1,384M	1,632M	1,687M	2,547M	2,240M	1,955M	1,460M	993M	737M	653M
Operating Expenses	62,151M	57,467M	62,151M	57,467M	54,847M	51,345M	43,887M	38,668M	34,462M	30,941M	26,842M	24,239M	22,396M	18,034M	15,305M	13,421M	10,028M	7,299M	5,482M	4,870M	3,745M	3,145M	2,399M	1,944M	1,709M	1,586M	1,579M	1,644M	1,337M	1,218M	2,438M	2,351M	2,174M	1,821M	2,618M	2,289M	2,752M	2,443M	2,080M	1,538M	1,064M	788M	695M
Operating Income (EBIT)	133,050M	123,216M	133,050M	123,216M	114,301M	119,437M	108,949M	66,288M	63,930M	70,898M	61,344M	60,024M	71,230M	52,503M	48,999M	55,241M	33,790M	18,385M	11,740M	6,275M	4,409M	2,453M	1,643M	313M	-1.0M	17M	-344M	522M	359M	261M	-1,070M	-1,383M	684M	522M	110M	806M	447M	712M	634M	620M	372M	274M	147M
Operating Income Margin	32.0%	31.5%	32.0%	31.5%	29.8%	30.3%	29.8%	24.1%	24.6%	26.7%	26.8%	27.8%	30.5%	28.7%	28.7%	35.3%	31.2%	28.2%	27.4%	19.3%	18.4%	12.7%	11.8%	3.8%	0.0%	0.3%	-6.4%	6.5%	5.9%	4.4%	-15.1%	-14.1%	6.2%	5.7%	1.4%	11.4%	7.1%	12.8%	12.0%	15.2%	14.0%	14.4%	7.7%
Interest Income	0.0M	0.0M	0.0M	0.0M	3,750M	2,825M	2,843M	3,763M	4,961M	5,686M	5,201M	3,999M	2,921M	1,795M	1,616M	1,088M	519M	311M	407M	653M	647M	394M	183M	64M	69M	118M	218M	210M	144M	100M	82M	60M	100M	43M	70M	72M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Interest Expense	0.0M	0.0M	0.0M	0.0M	3,933M	2,931M	2,645M	2,873M	3,576M	3,240M	2,323M	1,456M	733M	384M	136M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	3.0M	8.0M	11M	16M	21M	47M	62M	71M	60M	48M	40M	12M	8.7M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Net Interest Income	0.0M	0.0M	0.0M	0.0M	-183M	-106M	198M	890M	1,385M	2,446M	2,878M	2,543M	2,188M	1,411M	1,480M	1,088M	519M	311M	407M	653M	647M	394M	183M	61M	61M	107M	202M	189M	97M	38M	11M	0.0M	52M	3.0M	58M	63M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
EBT Excluding Unusual Items	133,050M	123,216M	133,050M	123,216M	114,484M	119,543M	108,751M	65,398M	62,545M	68,452M	58,466M	57,481M	69,042M	51,092M	47,519M	54,153M	33,271M	18,074M	11,333M	5,622M	3,762M	2,059M	1,460M	252M	-62M	-90M	-546M	333M	262M	223M	-1,081M	-1,383M	632M	519M	52M	743M	447M	712M	634M	620M	372M	274M	147M
Unusual Items	-321M	269M	-321M	269M	-748M	-440M	456M	1,693M	3,192M	4,451M	5,623M	3,891M	3,473M	2,391M	2,636M	1,610M	934M	466M	733M	1,273M	1,246M	759M	348M	118M	154M	177M	494M	759M	414M	106M	36M	88M	42M	-19M	88M	113M	52M	67M	110M	36M	39M	36M	-27M
Pre-Tax Income	132,729M	123,485M	132,729M	123,485M	113,736M	119,103M	109,207M	67,091M	65,737M	72,903M	64,089M	61,372M	72,515M	53,483M	50,155M	55,763M	34,205M	18,540M	12,066M	6,895M	5,008M	2,818M	1,808M	370M	92M	87M	-52M	1,092M	676M	329M	-1,045M	-1,295M	674M	500M	140M	856M	500M	779M	744M	656M	410M	310M	120M
Pre-Tax Income Margin	31.9%	31.6%	31.9%	31.6%	29.7%	30.2%	29.9%	24.4%	25.3%	27.4%	28.0%	28.5%	31.0%	29.3%	29.3%	35.6%	31.6%	28.4%	28.1%	21.2%	20.9%	14.6%	13.0%	4.5%	1.5%	1.5%	-1.0%	13.7%	11.0%	5.5%	-14.8%	-13.2%	6.1%	5.4%	1.8%	12.1%	7.9%	14.0%	14.1%	16.1%	15.4%	16.3%	6.3%
Tax Expenses	20,719M	29,749M	20,719M	29,749M	16,741M	19,300M	14,527M	9,680M	10,481M	13,372M	15,738M	15,685M	19,121M	13,973M	13,118M	14,030M	8,283M	4,527M	3,831M	2,061M	1,512M	829M	480M	104M	24M	22M	-15M	306M	75M	20M	0.0M	-479M	250M	190M	53M	325M	190M	304M	290M	256M	193M	156M	59M
Net Income	112,010M	93,736M	112,010M	93,736M	96,995M	99,803M	94,680M	57,411M	55,256M	59,531M	48,351M	45,687M	53,394M	39,510M	37,037M	41,733M	25,922M	14,013M	8,235M	4,834M	3,495M	1,989M	1,328M	266M	69M	65M	-25M	786M	601M	309M	-1,045M	-816M	424M	310M	87M	530M	310M	475M	454M	400M	218M	154M	61M
Net Income Margin	26.9%	24.0%	26.9%	24.0%	25.3%	25.3%	25.9%	20.9%	21.2%	22.4%	21.1%	21.2%	22.8%	21.6%	21.7%	26.7%	23.9%	21.5%	19.2%	14.9%	14.6%	10.3%	9.5%	3.2%	1.1%	1.1%	-0.5%	9.8%	9.8%	5.2%	-14.8%	-8.3%	3.8%	3.4%	1.1%	7.5%	4.9%	8.5%	8.6%	9.8%	8.2%	8.1%	3.2%
Depreciation and Amortization	11,698M	11,445M	11,698M	11,445M	11,519M	11,104M	11,284M	11,056M	12,547M	10,903M	10,157M	10,505M	11,257M	7,946M	6,757M	3,277M	1,814M	1,027M	734M	409M	317M	225M	179M	150M	113M	114M	100M	84M	85M	111M	118M	116M	127M	168M	166M	217M	204M	203M	125M	78M	71M	51M	42M
EBITDA	144,748M	134,661M	144,748M	134,661M	125,820M	130,541M	120,233M	77,344M	76,477M	81,801M	71,501M	70,529M	82,487M	60,449M	55,756M	58,518M	35,604M	19,412M	12,474M	6,684M	4,726M	2,678M	1,822M	463M	112M	131M	-244M	606M	444M	372M	-952M	-1,267M	811M	690M	276M	1,023M	652M	915M	759M	698M	442M	325M	189M
EBITDA Margin	34.8%	34.4%	34.8%	34.4%	32.8%	33.1%	32.9%	28.2%	29.4%	30.8%	31.2%	32.7%	35.3%	33.1%	32.6%	37.4%	32.9%	29.8%	29.1%	20.6%	19.7%	13.9%	13.1%	5.6%	1.8%	2.3%	-4.5%	7.6%	7.2%	6.3%	-13.4%	-12.9%	7.3%	7.5%	3.5%	14.4%	10.3%	16.5%	14.4%	17.1%	16.6%	17.1%	9.9%
Net Operating Profit After Taxes	112,331M	93,467M	112,331M	93,467M	97,560M	100,137M	94,422M	56,608M	53,449M	57,526M	45,606M	44,339M	52,109M	38,530M	35,881M	41,211M	25,507M	13,858M	7,909M	4,214M	2,897M	1,624M	1,163M	209M	-25M	-5.0M	-329M	216M	284M	241M	-1,070M	-904M	434M	332M	57M	481M	257M	408M	344M	364M	179M	118M	89M
NOPAT Margin	27.0%	23.9%	27.0%	23.9%	25.5%	25.4%	25.8%	20.6%	20.5%	21.7%	19.9%	20.6%	22.3%	21.1%	21.0%	26.3%	23.6%	21.2%	18.4%	13.0%	12.1%	8.4%	8.3%	2.5%	-0.4%	-0.1%	-6.1%	2.7%	4.6%	4.1%	-15.1%	-9.2%	3.9%	3.6%	0.7%	6.8%	4.1%	7.3%	6.5%	9.0%	6.7%	6.2%	4.6%
Owners Earnings	123,708M	105,181M	123,708M	105,181M	108,514M	110,907M	105,964M	68,467M	67,803M	70,434M	58,508M	56,192M	64,651M	47,456M	43,794M	45,010M	27,736M	15,040M	8,969M	5,243M	3,812M	2,214M	1,507M	416M	182M	179M	75M	870M	686M	420M	-927M	-700M	551M	478M	253M	748M	514M	678M	579M	478M	288M	205M	103M
Owners Earnings Margin	29.7%	26.9%	29.7%	26.9%	28.3%	28.1%	29.0%	24.9%	26.1%	26.5%	25.5%	26.1%	27.7%	26.0%	25.6%	28.8%	25.6%	23.1%	20.9%	16.1%	15.9%	11.5%	10.8%	5.0%	2.9%	3.1%	1.4%	10.9%	11.2%	7.1%	-13.1%	-7.1%	5.0%	5.2%	3.2%	10.5%	8.2%	12.2%	11.0%	11.7%	10.8%	10.8%	5.4%
Earnings per Share	7.48	6.09	7.49	6.11	6.16	6.15	5.67	3.31	2.99	3.00	2.32	2.09	2.32	1.62	1.43	1.59	1.00	0.55	0.33	0.20	0.14	0.08	0.06	0.01	0.00	0.00	0.00	0.04	0.04	0.02	-0.07	-0.06	0.03	0.02	0.01	0.04	0.02	0.03	0.03	0.03	0.01	0.01	0.00
Earnings per Share (Diluted)	7.46	6.08	7.46	6.08	6.13	6.11	5.61	3.28	2.97	2.98	2.30	2.08	2.30	1.61	1.42	1.58	0.99	0.54	0.32	0.19	0.14	0.08	0.06	0.01	0.00	0.00	0.00	0.04	0.03	0.02	-0.07	-0.06	0.03	0.02	0.01	0.04	0.02	0.03	0.03	0.03	0.01	0.01	0.00
Weighted Avg. Shares Out.	14,982M	15,344M	14,949M	15,344M	15,744M	16,216M	16,701M	17,352M	18,471M	19,822M	20,869M	21,883M	23,014M	24,342M	25,909M	26,175M	25,879M	25,465M	25,004M	24,685M	24,209M	23,634M	22,636M	20,809M	20,195M	19,881M	19,354M	18,176M	16,034M	14,781M	14,119M	13,858M	13,781M	13,298M	13,342M	13,719M	13,449M	14,071M	14,364M	14,556M	14,675M	14,373M	13,709M
Weighted Avg. Shares Out. Diluted	15,040M	15,408M	15,005M	15,408M	15,813M	16,326M	16,865M	17,528M	18,596M	20,000M	21,007M	22,001M	23,172M	24,491M	26,087M	26,470M	26,226M	25,892M	25,396M	25,260M	24,900M	24,571M	23,993M	21,694M	20,354M	20,260M	19,354M	20,178M	19,506M	18,807M	14,119M	13,858M	13,781M	13,298M	13,424M	13,730M	13,449M	14,071M	14,364M	14,556M	14,675M	14,373M	13,709M

Product Segments

Metric	TTM	TTM-1	2025-09-27	2024-09-28	2023-09-30	2022-09-24	2021-09-25	2020-09-26	2019-09-28	2018-09-29	2017-09-30	2016-09-24	2015-09-26	2014-09-27	2013-09-28	2012-09-29	2011-09-24	2010-09-25
Mac	33,708.0M	29,984.0M	33,708.0M	29,984.0M	29,357.0M	40,177.0M	35,190.0M	28,622.0M	25,740.0M	25,484.0M	25,850.0M	22,831.0M	25,471.0M	24,079.0M	21,483.0M	23,221.0M	N/A	N/A
Service	109,158.0M	96,169.0M	109,158.0M	96,169.0M	85,200.0M	78,129.0M	68,425.0M	53,768.0M	46,291.0M	37,190.0M	29,980.0M	24,348.0M	19,909.0M	N/A	N/A	N/A	N/A	N/A
Wearables, Home and Accessories	35,686.0M	37,005.0M	35,686.0M	37,005.0M	39,845.0M	41,241.0M	38,367.0M	30,620.0M	24,482.0M	N/A	N/A	N/A	N/A	6,093.0M	5,706.0M	N/A	N/A	N/A
iPad	28,023.0M	26,694.0M	28,023.0M	26,694.0M	28,300.0M	29,292.0M	31,862.0M	23,724.0M	21,280.0M	18,805.0M	19,222.0M	20,628.0M	23,227.0M	30,283.0M	31,980.0M	32,424.0M	N/A	N/A
iPhone	209,586.0M	201,183.0M	209,586.0M	201,183.0M	200,583.0M	205,489.0M	191,973.0M	137,781.0M	142,381.0M	166,699.0M	141,319.0M	136,700.0M	155,041.0M	101,991.0M	91,279.0M	80,477.0M	N/A	N/A
iPod	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2,286.0M	4,411.0M	5,615.0M	7,453.0M	N/A
iTunes, Software And Service	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	18,063.0M	16,051.0M	N/A	N/A	N/A
Desktops	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	6,439.0M	N/A
Other music related products and services	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	6,314.0M	N/A
Peripherals and Other Hardware	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2,330.0M	N/A
Portables	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	15,344.0M	N/A
Software, service and other net sales	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2,954.0M	N/A
Total Mac net sales	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	21,783.0M	N/A
iPad and related products and services	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	20,358.0M	N/A
iPhone and related products and services	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	47,057.0M	N/A
Retail	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	9,798.0M

Geographic Segments

Metric	TTM	TTM-1	2025-09-27	2024-09-28	2023-09-30	2022-09-24	2021-09-25	2020-09-26	2019-09-28	2018-09-29	2017-09-30	2016-09-24	2015-09-26	2014-09-27	2013-09-28	2012-09-29	2011-09-24	2010-09-25
Americas Segment	178,353.0M	167,045.0M	178,353.0M	167,045.0M	162,560.0M	169,658.0M	153,306.0M	124,556.0M	116,914.0M	112,093.0M	96,600.0M	86,613.0M	93,864.0M	65,232.0M	62,739.0M	57,512.0M	38,315.0M	24,498.0M
Europe Segment	111,032.0M	101,328.0M	111,032.0M	101,328.0M	94,294.0M	95,118.0M	89,307.0M	68,640.0M	60,288.0M	62,420.0M	54,938.0M	49,952.0M	50,337.0M	40,929.0M	37,883.0M	36,323.0M	27,778.0M	18,692.0M
Greater China Segment	64,377.0M	66,952.0M	64,377.0M	66,952.0M	72,559.0M	74,200.0M	68,366.0M	40,308.0M	43,678.0M	51,942.0M	44,764.0M	48,492.0M	58,715.0M	29,846.0M	25,417.0M	N/A	N/A	N/A
Japan Segment	28,703.0M	25,052.0M	28,703.0M	25,052.0M	24,257.0M	25,977.0M	28,482.0M	21,418.0M	21,506.0M	21,733.0M	17,733.0M	16,928.0M	15,706.0M	14,982.0M	13,462.0M	10,571.0M	5,437.0M	3,981.0M
Rest of Asia Pacific Segment	33,696.0M	30,658.0M	33,696.0M	30,658.0M	29,615.0M	29,375.0M	26,356.0M	19,593.0M	17,788.0M	17,407.0M	15,199.0M	13,654.0M	15,093.0M	10,344.0M	11,181.0M	33,274.0M	22,592.0M	8,256.0M
Other Countries	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	21,462.0M	20,228.0M	18,828.0M	14,127.0M	9,798.0M

Balance Sheet

Metric	MRQ	MRQ-1	2025-09-27	2024-09-28	2023-09-30	2022-09-24	2021-09-25	2020-09-26	2019-09-28	2018-09-29	2017-09-30	2016-09-24	2015-09-26	2014-09-27	2013-09-28	2012-09-29	2011-09-24	2010-09-25	2009-09-26	2008-09-27	2007-09-29	2006-09-30	2005-09-24	2004-09-25	2003-09-27	2002-09-28	2001-09-29	2000-09-30	1999-09-25	1998-09-25	1997-09-26	1996-09-27	1995-09-29	1994-09-30	1993-09-30	1992-09-30	1991-09-30	1990-09-30	1989-09-30	1988-09-30	1987-09-30	1986-09-30	1985-09-30
Cash And Cash Equivalents	35,934.0M	36,269.0M	35,934.0M	29,943.0M	29,965.0M	23,646.0M	34,940.0M	38,016.0M	48,844.0M	25,913.0M	20,289.0M	20,484.0M	21,120.0M	13,844.0M	14,259.0M	10,746.0M	9,815.0M	11,261.0M	5,263.0M	11,875.0M	9,352.0M	6,392.0M	3,491.0M	2,969.0M	3,396.0M	2,252.0M	2,310.0M	1,191.0M	1,326.0M	1,481.0M	1,230.0M	1,552.0M	756.0M	1,203.0M	676.4M	498.6M	604.1M	374.7M	438.3M	545.7M	565.1M	576.2M	337.0M
Short Term Investments	18,763.0M	19,103.0M	18,763.0M	35,228.0M	31,590.0M	24,658.0M	27,699.0M	52,927.0M	51,713.0M	40,388.0M	53,892.0M	46,671.0M	20,481.0M	11,233.0M	26,287.0M	18,383.0M	16,137.0M	14,359.0M	18,201.0M	10,236.0M	6,034.0M	3,718.0M	4,770.0M	2,495.0M	1,170.0M	2,085.0M	2,026.0M	2,836.0M	1,900.0M	819.0M	229.0M	193.0M	196.0M	55.0M	215.9M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Cash And Short Term Investments	54,697.0M	55,372.0M	54,697.0M	65,171.0M	61,555.0M	48,304.0M	62,639.0M	90,943.0M	100,557.0M	66,301.0M	74,181.0M	67,155.0M	41,601.0M	25,077.0M	40,546.0M	29,129.0M	25,952.0M	25,620.0M	23,464.0M	22,111.0M	15,386.0M	10,110.0M	8,261.0M	5,464.0M	4,566.0M	4,337.0M	4,336.0M	4,027.0M	3,226.0M	2,300.0M	1,459.0M	1,745.0M	952.0M	1,258.0M	892.3M	498.6M	604.1M	374.7M	438.3M	545.7M	565.1M	576.2M	337.0M
Net Receivables	72,957.0M	46,835.0M	72,957.0M	66,243.0M	60,985.0M	60,932.0M	51,506.0M	37,445.0M	45,804.0M	48,995.0M	35,673.0M	29,299.0M	30,343.0M	27,219.0M	20,641.0M	18,692.0M	11,717.0M	9,924.0M	5,057.0M	4,704.0M	4,029.0M	2,845.0M	1,312.0M	1,050.0M	950.0M	707.0M	466.0M	953.0M	681.0M	955.0M	1,035.0M	1,496.0M	1,931.0M	1,581.0M	1,381.9M	1,087.2M	907.2M	761.9M	792.8M	638.8M	405.6M	263.1M	220.2M
Inventory	5,718.0M	5,925.0M	5,718.0M	7,286.0M	6,331.0M	4,946.0M	6,580.0M	4,061.0M	4,106.0M	3,956.0M	4,855.0M	2,132.0M	2,349.0M	2,111.0M	1,764.0M	791.0M	776.0M	1,051.0M	455.0M	509.0M	346.0M	270.0M	165.0M	101.0M	56.0M	45.0M	11.0M	33.0M	20.0M	78.0M	437.0M	662.0M	1,775.0M	1,088.0M	1,506.6M	580.1M	671.7M	355.5M	475.4M	461.5M	225.8M	108.7M	167.0M
Other Current Assets	14,585.0M	14,359.0M	14,585.0M	14,287.0M	14,695.0M	21,223.0M	14,111.0M	11,264.0M	12,352.0M	12,087.0M	13,936.0M	8,283.0M	15,085.0M	14,124.0M	10,335.0M	9,041.0M	6,543.0M	5,083.0M	2,579.0M	2,682.0M	2,195.0M	1,284.0M	562.0M	440.0M	315.0M	299.0M	330.0M	414.0M	358.0M	365.0M	493.0M	612.0M	566.0M	549.0M	557.5M	1,392.5M	680.6M	911.2M	587.9M	137.0M	110.9M	92.9M	97.9M
Total Current Assets	147,957.0M	122,491.0M	147,957.0M	152,987.0M	143,566.0M	135,405.0M	134,836.0M	143,713.0M	162,819.0M	131,339.0M	128,645.0M	106,869.0M	89,378.0M	68,531.0M	73,286.0M	57,653.0M	44,988.0M	41,678.0M	31,555.0M	30,006.0M	21,956.0M	14,509.0M	10,300.0M	7,055.0M	5,887.0M	5,388.0M	5,143.0M	5,427.0M	4,285.0M	3,698.0M	3,424.0M	4,515.0M	5,224.0M	4,476.0M	4,338.4M	3,558.4M	2,863.6M	2,403.3M	2,294.4M	1,783.0M	1,307.4M	1,040.9M	822.1M
Property Plant Equipment	49,834.0M	48,508.0M	49,834.0M	45,680.0M	54,376.0M	52,534.0M	49,527.0M	45,336.0M	37,378.0M	41,304.0M	33,783.0M	27,010.0M	22,471.0M	20,624.0M	16,597.0M	15,452.0M	7,777.0M	4,768.0M	2,954.0M	2,455.0M	1,832.0M	1,281.0M	817.0M	707.0M	669.0M	621.0M	564.0M	419.0M	318.0M	348.0M	486.0M	598.0M	711.0M	667.0M	659.5M	462.2M	448.0M	398.2M	334.2M	207.4M	130.4M	107.3M	90.4M
Goodwill	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	5,717.0M	5,414.0M	5,116.0M	4,616.0M	1,577.0M	1,135.0M	896.0M	741.0M	206.0M	207.0M	38.0M	38.0M	69.0M	80.0M	85.0M	85.0M	66.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Intangible Assets	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	2,298.0M	3,206.0M	3,893.0M	4,142.0M	4,179.0M	4,224.0M	3,536.0M	342.0M	247.0M	285.0M	299.0M	139.0M	27.0M	17.0M	24.0M	34.0M	10.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Long Term Investments	77,723.0M	77,614.0M	77,723.0M	91,479.0M	100,544.0M	120,805.0M	127,877.0M	100,887.0M	105,341.0M	170,799.0M	194,714.0M	170,430.0M	164,065.0M	130,162.0M	106,215.0M	92,122.0M	55,618.0M	25,391.0M	10,528.0M	2,379.0M	922.0M	0.0M	38.0M	25.0M	5.0M	39.0M	128.0M	786.0M	339.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Tax Assets	20,777.0M	0.0M	20,777.0M	19,499.0M	17,852.0M	15,375.0M	0.0M	0.0M	0.0M	0.0M	-8,015.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	259.0M	104.0M	88.0M	0.0M	148.0M	86.0M	60.0M	70.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Other Non-Current Assets	62,950.0M	82,882.0M	62,950.0M	55,335.0M	36,245.0M	28,636.0M	38,762.0M	33,952.0M	32,978.0M	22,283.0M	18,177.0M	8,757.0M	5,422.0M	3,764.0M	5,146.0M	5,478.0M	3,556.0M	2,263.0M	1,752.0M	735.0M	212.0M	1,238.0M	117.0M	80.0M	85.0M	61.0M	110.0M	171.0M	219.0M	243.0M	323.0M	251.0M	296.0M	160.0M	173.5M	203.1M	182.0M	174.2M	115.3M	91.7M	40.1M	11.9M	23.7M
Total Non-Current Assets	211,284.0M	209,004.0M	211,284.0M	211,993.0M	209,017.0M	217,350.0M	216,166.0M	180,175.0M	175,697.0M	234,386.0M	246,674.0M	214,817.0M	200,967.0M	163,308.0M	133,714.0M	118,411.0M	71,383.0M	33,505.0M	15,946.0M	6,165.0M	3,391.0M	2,696.0M	1,216.0M	995.0M	928.0M	910.0M	878.0M	1,376.0M	876.0M	591.0M	809.0M	849.0M	1,007.0M	827.0M	833.1M	665.3M	630.0M	572.4M	449.5M	299.1M	170.5M	119.2M	114.1M
Total Assets	359,241.0M	331,495.0M	359,241.0M	364,980.0M	352,583.0M	352,755.0M	351,002.0M	323,888.0M	338,516.0M	365,725.0M	375,319.0M	321,686.0M	290,345.0M	231,839.0M	207,000.0M	176,064.0M	116,371.0M	75,183.0M	47,501.0M	36,171.0M	25,347.0M	17,205.0M	11,516.0M	8,050.0M	6,815.0M	6,298.0M	6,021.0M	6,803.0M	5,161.0M	4,289.0M	4,233.0M	5,364.0M	6,231.0M	5,303.0M	5,171.4M	4,223.7M	3,493.6M	2,975.7M	2,743.9M	2,082.1M	1,477.9M	1,160.1M	936.2M
Accounts Payable	69,860.0M	50,374.0M	69,860.0M	68,960.0M	62,611.0M	64,115.0M	54,763.0M	42,296.0M	46,236.0M	55,888.0M	44,242.0M	37,294.0M	35,490.0M	30,196.0M	22,367.0M	21,175.0M	14,632.0M	12,015.0M	5,601.0M	5,520.0M	4,970.0M	3,390.0M	1,779.0M	1,451.0M	1,154.0M	911.0M	801.0M	1,157.0M	812.0M	719.0M	685.0M	791.0M	1,165.0M	882.0M	742.6M	426.9M	357.1M	340.6M	334.2M	0.0M	0.0M	0.0M	0.0M
Short Term Debt	20,329.0M	19,268.0M	20,329.0M	22,511.0M	17,382.0M	22,773.0M	17,141.0M	15,229.0M	16,240.0M	20,748.0M	18,473.0M	11,605.0M	10,999.0M	6,308.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	304.0M	0.0M	0.0M	0.0M	0.0M	0.0M	25.0M	186.0M	461.0M	292.0M	823.2M	184.5M	148.6M	122.6M	56.8M	127.9M	0.0M	0.0M	0.0M
Tax Payables	0.0M	0.0M	0.0M	26,601.0M	8,819.0M	6,552.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	1,209.0M	1,200.0M	1,535.0M	1,140.0M	210.0M	430.0M	506.0M	488.0M	388.0M	196.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Deferred Revenue	9,055.0M	8,979.0M	9,055.0M	8,249.0M	8,061.0M	7,912.0M	7,612.0M	6,643.0M	5,522.0M	5,966.0M	7,548.0M	8,080.0M	8,940.0M	8,491.0M	7,435.0M	5,953.0M	4,091.0M	2,984.0M	2,053.0M	1,617.0M	1,391.0M	718.0M	527.0M	342.0M	368.0M	240.0M	184.0M	105.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Other Current Liabilities	66,387.0M	62,499.0M	66,387.0M	50,071.0M	48,435.0M	52,630.0M	45,965.0M	41,224.0M	37,720.0M	33,327.0M	30,551.0M	22,027.0M	25,181.0M	17,244.0M	12,656.0M	9,879.0M	8,107.0M	5,513.0M	3,422.0M	3,718.0M	2,431.0M	1,947.0M	985.0M	858.0M	531.0M	507.0M	533.0M	671.0M	737.0M	801.0M	1,108.0M	1,026.0M	699.0M	770.0M	942.3M	814.1M	711.4M	563.8M	504.3M	699.2M	478.7M	328.5M	295.4M
Total Current Liabilities	165,631.0M	141,120.0M	165,631.0M	176,392.0M	145,308.0M	153,982.0M	125,481.0M	105,392.0M	105,718.0M	115,929.0M	100,814.0M	79,006.0M	80,610.0M	63,448.0M	43,658.0M	38,542.0M	27,970.0M	20,722.0M	11,506.0M	11,361.0M	9,280.0M	6,443.0M	3,487.0M	2,651.0M	2,357.0M	1,658.0M	1,518.0M	1,933.0M	1,549.0M	1,520.0M	1,818.0M	2,003.0M	2,325.0M	1,944.0M	2,508.1M	1,425.5M	1,217.1M	1,027.0M	895.3M	827.1M	478.7M	328.5M	295.4M
Long Term Debt	78,328.0M	82,430.0M	78,328.0M	96,548.0M	106,548.0M	109,707.0M	119,381.0M	107,049.0M	91,807.0M	93,735.0M	97,207.0M	75,427.0M	53,329.0M	28,987.0M	16,960.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	316.0M	317.0M	300.0M	300.0M	954.0M	951.0M	949.0M	303.0M	305.0M	7.1M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Deferred Tax Liabilities	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	426.0M	31,504.0M	26,019.0M	24,062.0M	20,259.0M	16,489.0M	13,847.0M	8,159.0M	4,300.0M	966.0M	999.0M	619.0M	381.0M	308.0M	113.0M	235.0M	229.0M	266.0M	463.0M	208.0M	173.0M	264.0M	354.0M	702.0M	671.0M	629.8M	610.8M	509.9M	501.8M	362.9M	251.6M	162.8M	137.5M	90.3M
Other Non-Current Liabilities	41,549.0M	42,115.0M	41,549.0M	35,090.0M	38,581.0M	38,394.0M	43,050.0M	46,108.0M	50,503.0M	45,691.0M	8,911.0M	10,055.0M	9,365.0M	4,567.0M	3,719.0M	2,817.0M	1,941.0M	1,231.0M	2,536.0M	746.0M	67.0M	14.0M	12.0M	8.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	-0.1M	0.1M	0.0M	0.0M	-0.1M	0.0M	0.0M
Total Non-Current Liabilities	119,877.0M	124,545.0M	119,877.0M	131,638.0M	145,129.0M	148,101.0M	162,431.0M	153,157.0M	142,310.0M	142,649.0M	140,458.0M	114,431.0M	90,380.0M	56,844.0M	39,793.0M	19,312.0M	11,786.0M	6,670.0M	4,355.0M	2,513.0M	1,535.0M	778.0M	601.0M	323.0M	235.0M	545.0M	583.0M	763.0M	508.0M	1,127.0M	1,215.0M	1,303.0M	1,005.0M	976.0M	636.9M	610.8M	509.8M	501.9M	362.9M	251.6M	162.7M	137.5M	90.3M
Total Liabilities	285,508.0M	265,665.0M	285,508.0M	308,030.0M	290,437.0M	302,083.0M	287,912.0M	258,549.0M	248,028.0M	258,578.0M	241,272.0M	193,437.0M	170,990.0M	120,292.0M	83,451.0M	57,854.0M	39,756.0M	27,392.0M	15,861.0M	13,874.0M	10,815.0M	7,221.0M	4,088.0M	2,974.0M	2,592.0M	2,203.0M	2,101.0M	2,696.0M	2,057.0M	2,647.0M	3,033.0M	3,306.0M	3,330.0M	2,920.0M	3,145.0M	2,036.3M	1,726.9M	1,528.9M	1,258.2M	1,078.7M	641.4M	466.0M	385.7M
Common Stock	93,568.0M	89,806.0M	93,568.0M	83,276.0M	73,812.0M	64,849.0M	57,365.0M	50,779.0M	45,174.0M	40,201.0M	35,867.0M	31,251.0M	27,416.0M	23,313.0M	19,764.0M	16,422.0M	13,331.0M	10,668.0M	8,210.0M	7,177.0M	5,368.0M	4,355.0M	3,564.0M	2,514.0M	1,926.0M	1,826.0M	1,693.0M	1,502.0M	1,349.0M	633.0M	498.0M	439.0M	398.0M	298.0M	203.6M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Retained Earnings	-14,264.0M	-17,607.0M	-14,264.0M	-19,154.0M	-214.0M	-3,068.0M	5,562.0M	14,966.0M	45,898.0M	70,400.0M	98,330.0M	96,364.0M	92,284.0M	87,152.0M	104,256.0M	101,289.0M	62,841.0M	37,169.0M	23,353.0M	15,129.0M	9,101.0M	5,607.0M	3,925.0M	2,670.0M	2,394.0M	2,325.0M	2,260.0M	2,285.0M	1,499.0M	898.0M	589.0M	1,634.0M	2,464.0M	2,096.0M	1,842.6M	1,904.5M	1,492.0M	1,312.2M	1,175.9M	776.5M	573.1M	474.3M	320.3M
Accumulated OCI	-5,571.0M	-6,369.0M	-5,571.0M	-7,172.0M	-11,452.0M	-11,109.0M	163.0M	-406.0M	-584.0M	-3,454.0M	-150.0M	634.0M	-345.0M	1,082.0M	-471.0M	499.0M	443.0M	-46.0M	77.0M	-9.0M	63.0M	22.0M	0.0M	-15.0M	-35.0M	-49.0M	-22.0M	244.0M	106.0M	-39.0M	-37.0M	-15.0M	39.0M	-10.8M	-19.8M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Total Shareholder Equity	73,733.0M	65,830.0M	73,733.0M	56,950.0M	62,146.0M	50,672.0M	63,090.0M	65,339.0M	90,488.0M	107,147.0M	134,047.0M	128,249.0M	119,355.0M	111,547.0M	123,549.0M	118,210.0M	76,615.0M	47,791.0M	31,640.0M	22,297.0M	14,532.0M	9,984.0M	7,428.0M	5,076.0M	4,223.0M	4,095.0M	3,920.0M	4,107.0M	3,104.0M	1,642.0M	1,200.0M	2,058.0M	2,901.0M	2,383.0M	2,026.4M	2,187.4M	1,766.7M	1,446.8M	1,485.7M	1,003.4M	836.5M	694.1M	550.5M
Total Liabilities And Equity	359,241.0M	331,495.0M	359,241.0M	364,980.0M	352,583.0M	352,755.0M	351,002.0M	323,888.0M	338,516.0M	365,725.0M	375,319.0M	321,686.0M	290,345.0M	231,839.0M	207,000.0M	176,064.0M	116,371.0M	75,183.0M	47,501.0M	36,171.0M	25,347.0M	17,205.0M	11,516.0M	8,050.0M	6,815.0M	6,298.0M	6,021.0M	6,803.0M	5,161.0M	4,289.0M	4,233.0M	5,364.0M	6,231.0M	5,303.0M	5,171.4M	4,223.7M	3,493.6M	2,975.7M	2,743.9M	2,082.1M	1,477.9M	1,160.1M	936.2M

Capital Metrics

Metric	MRQ	MRQ-1	2025-09-27	2024-09-28	2023-09-30	2022-09-24	2021-09-25	2020-09-26	2019-09-28	2018-09-29	2017-09-30	2016-09-24	2015-09-26	2014-09-27	2013-09-28	2012-09-29	2011-09-24	2010-09-25	2009-09-26	2008-09-27	2007-09-29	2006-09-30	2005-09-24	2004-09-25	2003-09-27	2002-09-28	2001-09-29	2000-09-30	1999-09-25	1998-09-25	1997-09-26	1996-09-27	1995-09-29	1994-09-30	1993-09-30	1992-09-30	1991-09-30	1990-09-30	1989-09-30	1988-09-30	1987-09-30	1986-09-30	1985-09-30
Working Capital	-17,674.0M	-18,629.0M	-17,674.0M	-23,405.0M	-1,742.0M	-18,577.0M	9,355.0M	38,321.0M	57,101.0M	15,410.0M	27,831.0M	27,863.0M	8,768.0M	5,083.0M	29,628.0M	19,111.0M	17,018.0M	20,956.0M	20,049.0M	18,645.0M	12,676.0M	8,066.0M	6,813.0M	4,404.0M	3,530.0M	3,730.0M	3,625.0M	3,494.0M	2,736.0M	2,178.0M	1,606.0M	2,512.0M	2,899.0M	2,532.0M	1,830.3M	2,132.9M	1,646.5M	1,376.3M	1,399.1M	955.9M	828.7M	712.4M	526.7M
Total Capital	172,390.0M	167,528.0M	172,390.0M	176,009.0M	186,076.0M	183,152.0M	199,612.0M	187,617.0M	198,535.0M	221,630.0M	249,727.0M	215,281.0M	183,683.0M	146,842.0M	140,509.0M	118,210.0M	76,615.0M	47,791.0M	31,640.0M	22,297.0M	14,532.0M	9,984.0M	7,428.0M	5,076.0M	4,527.0M	4,411.0M	4,237.0M	4,407.0M	3,404.0M	2,596.0M	2,176.0M	3,193.0M	3,665.0M	2,980.0M	2,856.7M	2,371.9M	1,915.3M	1,569.4M	1,542.5M	1,131.3M	836.5M	694.1M	550.5M
Capital Employed	193,610.0M	190,375.0M	193,610.0M	188,588.0M	207,275.0M	198,773.0M	225,521.0M	218,496.0M	232,798.0M	249,796.0M	274,505.0M	242,680.0M	209,735.0M	168,391.0M	163,342.0M	137,522.0M	88,401.0M	54,461.0M	35,995.0M	24,810.0M	16,067.0M	10,762.0M	8,029.0M	5,399.0M	4,458.0M	4,640.0M	4,503.0M	4,870.0M	3,612.0M	2,769.0M	2,415.0M	3,361.0M	3,906.0M	3,359.0M	2,663.3M	2,798.2M	2,276.5M	1,948.7M	1,848.6M	1,255.0M	999.2M	831.6M	640.8M
Invested Capital	136,456.0M	131,259.0M	136,456.0M	146,066.0M	156,111.0M	159,506.0M	164,672.0M	149,601.0M	149,691.0M	195,717.0M	229,438.0M	194,797.0M	162,563.0M	132,998.0M	126,250.0M	107,464.0M	66,800.0M	36,530.0M	26,377.0M	10,422.0M	5,180.0M	3,592.0M	3,937.0M	2,107.0M	1,131.0M	2,159.0M	1,927.0M	3,216.0M	2,078.0M	1,115.0M	946.0M	1,641.0M	2,909.0M	1,777.0M	2,180.3M	1,873.3M	1,311.2M	1,194.7M	1,104.2M	585.6M	271.4M	117.9M	213.5M

Cash Flow Statement

Metric	MRQ	MRQ-1	2025-09-27	2024-09-28	2023-09-30	2022-09-24	2021-09-25	2020-09-26	2019-09-28	2018-09-29	2017-09-30	2016-09-24	2015-09-26	2014-09-27	2013-09-28	2012-09-29	2011-09-24	2010-09-25	2009-09-26	2008-09-27	2007-09-29	2006-09-30	2005-09-24	2004-09-25	2003-09-27	2002-09-28	2001-09-29	2000-09-30	1999-09-25	1998-09-25	1997-09-26	1996-09-27	1995-09-29	1994-09-30	1993-09-30	1992-09-30	1991-09-30	1990-09-30	1989-09-30
Net Income	27,466M	23,434M	112,010M	93,736M	96,995M	99,803M	94,680M	57,411M	55,256M	59,531M	48,351M	45,687M	53,394M	39,510M	37,037M	41,733M	25,922M	14,013M	8,235M	6,119M	3,496M	1,989M	1,328M	266M	68M	65M	-37M	786M	601M	309M	-1,045M	-816M	424M	310M	87M	530M	310M	475M	454M
Depreciation And Amortization	3,127M	2,830M	11,698M	11,445M	11,519M	11,104M	11,284M	11,056M	12,547M	10,903M	10,157M	10,505M	11,257M	7,946M	6,757M	3,277M	1,814M	1,027M	734M	496M	317M	225M	179M	150M	113M	114M	100M	84M	85M	111M	118M	116M	127M	168M	166M	217M	204M	203M	125M
Deferred Income Tax	0.0M	0.0M	0.0M	0.0M	0.0M	895M	-4,774M	-215M	-340M	-32,590M	5,966M	4,938M	1,382M	2,347M	1,141M	4,405M	2,868M	1,440M	1,040M	398M	78M	53M	50M	19M	-4.0M	-34M	-36M	163M	-35M	1.0M	-50M	-437M	73M	41M	19M	101M	8.0M	139M	111M
Stock Based Compensation	3,183M	3,168M	12,863M	11,688M	10,833M	9,038M	7,906M	6,829M	6,068M	5,340M	4,840M	4,210M	3,586M	2,863M	2,253M	1,740M	1,168M	879M	710M	516M	242M	163M	49M	46M	16M	5.0M	2.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Change In Working Capital	-5,707M	-2,034M	-25,000M	3,651M	-6,577M	1,200M	-4,911M	5,690M	-3,488M	34,694M	-4,923M	405M	11,262M	7,047M	6,478M	-299M	5,757M	1,236M	-586M	2,045M	1,325M	-225M	492M	368M	119M	-112M	211M	192M	401M	387M	719M	1,529M	-797M	248M	-917M	159M	-401M	145M	-109M
Accounts Receivable	-25,922M	2,803M	-6,682M	-5,144M	-417M	-9,343M	-14,028M	8,470M	3,176M	-13,332M	-6,347M	476M	-3,318M	-6,452M	-1,949M	-6,965M	-1,791M	-4,860M	-353M	-675M	-385M	-357M	-121M	-8.0M	-201M	-99M	487M	-272M	274M	72M	469M	435M	-350M	-199M	-295M	-180M	-145M	31M	-154M
Inventories	177M	365M	1,400M	-1,046M	-1,618M	1,484M	-2,642M	-127M	-289M	828M	-2,723M	217M	-238M	-76M	-973M	-15M	275M	-596M	54M	-163M	-76M	-105M	-64M	-45M	-11M	-34M	22M	-13M	58M	359M	225M	1,113M	-687M	418M	-927M	92M	-316M	120M	-14M
Accounts Payable	19,381M	-3,875M	902M	6,020M	-1,889M	9,448M	12,326M	-4,062M	-1,923M	9,175M	8,966M	2,117M	5,001M	5,938M	2,340M	4,467M	2,515M	6,307M	92M	596M	1,494M	1,611M	328M	297M	243M	110M	-356M	318M	95M	34M	-107M	-373M	283M	139M	316M	70M	0.0M	0.0M	0.0M
Other Working Capital	657M	-1,327M	-20,620M	3,821M	-2,653M	-389M	-567M	1,409M	-4,452M	38,023M	-4,819M	-2,405M	9,817M	7,637M	7,060M	2,214M	4,758M	385M	-379M	2,287M	292M	-1,374M	349M	124M	88M	-89M	58M	159M	-26M	-78M	132M	354M	-43M	-110M	-11M	177M	61M	-5.6M	59M
Other Non-Cash Items	1,659M	469M	-89M	-2,266M	-2,227M	111M	-147M	-97M	-652M	-444M	-166M	486M	385M	0.0M	0.0M	0.0M	0.0M	0.0M	26M	22M	12M	15M	437M	85M	-23M	51M	-55M	-357M	-230M	-33M	412M	16M	-67M	-30M	-6.0M	-86M	7.2M	2.1M	-74M
Net Cash Operating Activities	29,728M	27,867M	111,482M	118,254M	110,543M	122,151M	104,038M	80,674M	69,391M	77,434M	64,225M	66,231M	81,266M	59,713M	53,666M	50,856M	37,529M	18,595M	10,159M	9,596M	5,470M	2,220M	2,535M	934M	289M	89M	185M	868M	822M	775M	154M	408M	-240M	737M	-651M	921M	129M	964M	507M
PPE Investments	-3,242M	-3,462M	-12,715M	-9,447M	-10,959M	-10,708M	-11,085M	-7,309M	-10,495M	-13,313M	-12,795M	-13,548M	-11,488M	-9,813M	-9,076M	-9,402M	-7,452M	-2,121M	-1,213M	-1,199M	-986M	-657M	-260M	-176M	-164M	-174M	-232M	-107M	-47M	-56M	-53M	-67M	-159M	-160M	-213M	-195M	-218M	-224M	-239M
Net Acquisitions	0.0M	0.0M	0.0M	0.0M	0.0M	-306M	-33M	-1,524M	-624M	-721M	-329M	-297M	-343M	-3,765M	-496M	-350M	-244M	-638M	0.0M	-220M	0.0M	40M	0.0M	0.0M	0.0M	-52M	-19M	372M	245M	24M	-384M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Investment Purchases	-6,816M	-5,149M	-24,407M	-48,656M	-29,513M	-76,923M	-109,558M	-114,938M	-40,631M	-73,227M	-160,007M	-143,816M	-166,402M	-217,138M	-148,489M	-151,232M	-102,317M	-57,793M	-46,825M	-23,003M	-11,736M	-7,280M	-11,470M	-3,270M	-2,648M	-4,144M	-4,268M	-4,499M	-4,348M	-2,313M	-999M	-437M	-1,672M	-312M	-1,432M	-2,121M	-611M	-1,424M	-985M
Investment Maturities	7,976M	14,024M	53,797M	62,346M	45,514M	67,363M	106,483M	120,391M	98,724M	104,072M	126,465M	111,794M	121,985M	208,111M	124,447M	112,805M	69,853M	46,718M	30,678M	16,243M	9,424M	8,312M	9,195M	1,947M	3,607M	4,125M	5,429M	3,331M	3,155M	1,723M	963M	440M	1,531M	474M	2,153M	1,473M	945M	1,173M	787M
Other Investing Activities	-505M	-340M	-1,480M	-1,308M	-1,337M	-1,780M	-352M	-909M	-1,078M	-745M	-124M	-924M	-26M	26M	-160M	-48M	-259M	-20M	-74M	-10M	49M	10M	-21M	11M	33M	-7.0M	-18M	-34M	8.0M	-20M	-73M	9.0M	-102M	-4.0M	-15M	-69M	-57M	-98M	33M
Net Cash Investing Activities	-2,587M	5,073M	15,195M	2,935M	3,705M	-22,354M	-14,545M	-4,289M	45,896M	16,066M	-46,446M	-45,977M	-56,274M	-22,579M	-33,774M	-48,227M	-40,419M	-13,854M	-17,434M	-8,189M	-3,249M	357M	-2,556M	-1,488M	828M	-252M	892M	-972M	-988M	-543M	-499M	-8.0M	-402M	-2.0M	493M	-913M	58M	-574M	-403M
Debt Repayment	-3,217M	2,711M	-8,483M	-5,998M	-9,901M	-123M	12,665M	2,499M	-7,819M	432M	25,162M	22,057M	29,305M	11,960M	16,896M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	-300M	0.0M	0.0M	0.0M	0.0M	0.0M	-22M	-161M	371M	167M	-234M	628M	36M	26M	66M	-71M
Common Stock Issued	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	1,105M	880M	781M	669M	555M	495M	543M	730M	530M	665M	831M	912M	475M	483M	365M	318M	543M	427M	53M	105M	42M	85M	86M	41M	34M	39M	86M	82M	85M	120M	258M	104M	96M
Common Stock Buybacks	-20,132M	-21,075M	-90,711M	-94,949M	-77,550M	-89,402M	-85,971M	-72,358M	-66,897M	-72,738M	-32,900M	-29,722M	-35,253M	-45,000M	-22,860M	0.0M	0.0M	0.0M	0.0M	0.0M	-3.0M	-355M	0.0M	0.0M	-26M	0.0M	0.0M	-116M	-75M	0.0M	0.0M	0.0M	0.0M	0.0M	-273M	-213M	-185M	-570M	-13M
Dividends Paid	-3,862M	-3,945M	-15,421M	-15,234M	-15,025M	-14,841M	-14,467M	-14,081M	-14,119M	-13,712M	-12,769M	-12,150M	-11,561M	-11,126M	-10,564M	-2,488M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	-14M	-58M	-56M	-56M	-57M	-57M	-54M	-50M
Other Financing Activities	-265M	-2,524M	-6,071M	-5,802M	-6,012M	-6,383M	-6,685M	-3,760M	-2,922M	-2,527M	1,978M	-1,570M	-750M	5,887M	-381M	125M	613M	345M	188M	633M	374M	6.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	150M	0.0M	0.0M	0.0M	-48M	0.0M	0.1M	0.0M	0.0M
Net Cash Financing Activities	-27,476M	-24,833M	-120,686M	-121,983M	-108,488M	-110,749M	-93,353M	-86,820M	-90,976M	-87,876M	-17,974M	-20,890M	-17,716M	-37,549M	-16,379M	-1,698M	1,444M	1,257M	663M	1,116M	739M	324M	543M	127M	27M	105M	42M	-31M	11M	19M	23M	396M	195M	-208M	336M	-114M	43M	-454M	-38M
Effect Of Forex On Cash	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M	0.0M
Net Change In Cash	-335M	8,107M	5,991M	-794M	5,760M	-10,952M	-3,860M	-10,435M	24,311M	5,624M	-195M	-636M	7,276M	-415M	3,513M	931M	-1,446M	5,998M	-6,612M	2,523M	2,960M	2,901M	522M	-427M	1,144M	-58M	1,119M	-135M	-155M	251M	-322M	796M	-447M	527M	178M	-106M	230M	-64M	66M
Cash At End Of Period	35,934M	36,269M	35,934M	29,943M	30,737M	24,977M	35,929M	39,789M	50,224M	25,913M	20,289M	20,484M	21,120M	13,844M	14,259M	10,746M	9,815M	11,261M	5,263M	11,875M	9,352M	6,392M	3,491M	2,969M	3,396M	2,252M	2,310M	1,191M	1,326M	1,481M	1,230M	1,552M	756M	1,203M	677M	499M	604M	375M	438M
Cash At Beginning Of Period	36,269M	28,162M	29,943M	30,737M	24,977M	35,929M	39,789M	50,224M	25,913M	20,289M	20,484M	21,120M	13,844M	14,259M	10,746M	9,815M	11,261M	5,263M	11,875M	9,352M	6,392M	3,491M	2,969M	3,396M	2,252M	2,310M	1,191M	1,326M	1,481M	1,230M	1,552M	756M	1,203M	676M	499M	604M	375M	438M	372M
Operating Cash Flow	29,728M	27,867M	111,482M	118,254M	110,543M	122,151M	104,038M	80,674M	69,391M	77,434M	64,225M	66,231M	81,266M	59,713M	53,666M	50,856M	37,529M	18,595M	10,159M	9,596M	5,470M	2,220M	2,535M	934M	289M	89M	185M	868M	822M	775M	154M	408M	-240M	737M	-651M	921M	129M	964M	507M
Capital Expenditure	-3,242M	-3,462M	-12,715M	-9,447M	-10,959M	-10,708M	-11,085M	-7,309M	-10,495M	-13,313M	-12,795M	-13,548M	-11,488M	-9,813M	-9,076M	-9,402M	-7,452M	-2,121M	-1,213M	-1,199M	-986M	-657M	-260M	-176M	-164M	-174M	-232M	-107M	-47M	-56M	-53M	-67M	-159M	-160M	-213M	-195M	-218M	-224M	-239M
Free Cash Flow	26,486M	24,405M	98,767M	108,807M	99,584M	111,443M	92,953M	73,365M	58,896M	64,121M	51,430M	52,683M	69,778M	49,900M	44,590M	41,454M	30,077M	16,474M	8,946M	8,397M	4,484M	1,563M	2,275M	758M	125M	-85M	-47M	761M	775M	719M	101M	341M	-399M	577M	-864M	726M	-90M	740M	268M

Free Cash Flow (UFCF / LFCF)

Metric	TTM	TTM-1	2025-09-27	2024-09-28	2023-09-30	2022-09-24	2021-09-25	2020-09-26	2019-09-28	2018-09-29	2017-09-30	2016-09-24	2015-09-26	2014-09-27	2013-09-28	2012-09-29	2011-09-24	2010-09-25	2009-09-26	2008-09-27	2007-09-29	2006-09-30	2005-09-24	2004-09-25	2003-09-27	2002-09-28	2001-09-29	2000-09-30	1999-09-25	1998-09-25	1997-09-26	1996-09-27	1995-09-29	1994-09-30	1993-09-30	1992-09-30	1991-09-30	1990-09-30
EBITDA	144,748M	134,661M	144,748M	134,661M	125,820M	130,541M	120,233M	77,344M	76,477M	81,733M	71,501M	70,529M	82,487M	60,449M	55,756M	58,406M	35,604M	19,412M	10,977M	6,748M	4,726M	2,678M	1,828M	476M	103M	135M	-242M	606M	444M	372M	-952M	-1,227M	811M	691M	276M	1,023M	652M	915M
(-) Tax Adjustment	20,719M	29,749M	20,719M	29,749M	16,741M	19,300M	14,527M	9,680M	10,481M	13,517M	15,738M	15,685M	19,121M	13,973M	13,118M	13,991M	8,283M	4,527M	3,207M	2,061M	1,512M	829M	480M	107M	24M	22M	-15M	306M	75M	20M	0M	-479M	250M	190M	53M	325M	190M	304M
(-) Change In Working Capital	-25,000M	3,651M	-25,000M	3,651M	-6,577M	1,200M	-4,911M	5,690M	-3,488M	34,694M	-5,016M	65M	11,647M	7,047M	6,478M	-299M	5,757M	1,226M	873M	4,119M	1,325M	-221M	500M	386M	126M	-107M	211M	157M	377M	428M	738M	1,109M	-797M	247M	-897M	21M	-401M	145M
(-) Capital Expenditure	-12,715M	-9,447M	-12,715M	-9,447M	-10,959M	-10,708M	-11,085M	-7,309M	-10,495M	-13,313M	-12,795M	-13,548M	-11,488M	-9,813M	-9,076M	-9,402M	-7,452M	-2,121M	-1,213M	-1,199M	-986M	-657M	-260M	-176M	-164M	-174M	-232M	-107M	-47M	-56M	-53M	-67M	-159M	-160M	-213M	-195M	-218M	-224M
Unlevered Free Cash Flow	161,744M	110,708M	161,744M	110,708M	126,615M	120,749M	121,702M	69,283M	79,979M	46,835M	73,574M	68,327M	63,207M	49,242M	45,236M	54,116M	29,016M	15,780M	8,110M	1,767M	2,875M	2,727M	1,108M	159M	117M	394M	-206M	250M	39M	-20M	-1,637M	-1,790M	1,517M	413M	1,333M	872M	1,081M	690M
(-) Net Interest Income After Taxes	0M	0M	0M	0M	-145M	-84M	156M	703M	1,094M	1,816M	2,274M	2,009M	1,729M	1,115M	1,169M	854M	0M	0M	0M	0M	511M	311M	145M	48M	48M	83M	160M	149M	76M	-2M	9M	0M	42M	16M	18M	0M	0M	0M
(-) Debt Repayment	-8,483M	-5,998M	-8,483M	-5,998M	-9,901M	-123M	12,665M	2,499M	-7,819M	433M	26,629M	21,302M	24,606M	13,970M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-22M	-161M	371M	167M	-234M	628M	36M	26M	66M
Levered Free Cash Flow	170,227M	116,706M	170,227M	116,706M	136,661M	120,956M	108,881M	66,081M	86,704M	44,586M	44,671M	45,016M	36,872M	34,157M	44,067M	53,262M	29,016M	15,780M	8,110M	1,767M	2,364M	2,416M	963M	111M	69M	311M	-366M	101M	-37M	4M	-1,485M	-2,161M	1,308M	631M	687M	836M	1,055M	624M