Three-Statement Breakdown
FCF UP
Free cash flow rose 8.4% to $1.1B — the highest of its last 8 readings, and covered net income 1.17×.
CASH FROM OPS
+7.5%
1,271
CAPITAL EXPENDITURE
+0.2%
129
FREE CASH FLOW
+8.4%
1,142
FCF / NET INCOME
+3.7%
1.17×
| Cash flow | TTM 24-09 | TTM 24-12 | TTM 25-03 | TTM 25-06 | TTM 25-09 | TTM 25-12 | TTM 26-03 | vs prior TTM | YoY | TTM | 8Q | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 944 | 819 | 829 | 859 | 818 | 895 | 933 | 975 | +4.5% | +13.5% | 975 | ||
| Depreciation & amortization |
|
310 | 310 | 313 | 321 | 329 | 336 | 343 | 342 | -0.2% | +6.4% | 342 | |
| Cash from operations |
|
1,024 | 1,192 | 1,144 | 1,051 | 1,145 | 1,191 | 1,183 | 1,271 | +7.5% | +20.9% | 1,271 | |
| Cash conversion |
|
1.08× | 1.45× | 1.38× | 1.22× | 1.40× | 1.33× | 1.27× | 1.30× | +2.9% | +6.6% | 1.30× | |
| Capital expenditures |
|
(95) | (84) | (86) | (98) | (106) | (117) | (129) | (129) | +0.2% | +31.3% | (129) | |
| Free cash flow |
|
929 | 1,108 | 1,058 | 953 | 1,038 | 1,074 | 1,054 | 1,142 | +8.4% | +19.8% | 1,142 | |
| FCF margin |
|
16.6% | 19.5% | 18.3% | 16.1% | 17.3% | 17.6% | 16.9% | 17.9% | +5.9% | +11.1% | 17.9% | |
| Cash from investing |
|
-241 | -207 | -966 | -855 | -870 | -938 | -246 | -252 | — | — | -252 | |
| Cash from financing |
|
-758 | -946 | -612 | -313 | -267 | -555 | -876 | -987 | — | — | -987 | |
| Net change in cash |
|
52 | 2 | -451 | -132 | -32 | -297 | 60 | 29 | -51.3% | — | 29 | |
| Ending cash balance |
|
561 | 650 | 462 | 311 | 529 | 352 | 521 | 340 | -34.8% | +9.4% | 340 | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM1,054
CASH FROM OPERATIONS+89
CAPITAL EXPENDITURES+0
ROUNDING-1
TO1,142
No bridge for this line yet — select Free cash flow to see its QoQ walk.
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM
SRC 10-Q FILED 2026-07-24 ↗