FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

EXC
2026-06-30 · figures in $M

FCF DOWN

Free cash flow moved from -$1.5B to -$2.3B.

CASH FROM OPS +12.3%
6,254 25.8% MGN
CAPITAL EXPENDITURE +20.2%
8,529
FREE CASH FLOW —
-2,275
FCF / NET INCOME —
-0.82× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
2,079 3,028 1,954 1,829 2,171 2,328 2,460 2,768 +12.5% 2,784 2024-09-30 · $707.0M2024-12-31 · $647.0M2025-03-31 · $908.0M2025-06-30 · $391.0M2025-09-30 · $875.0M2025-12-31 · $594.0M2026-03-31 · $919.0M2026-06-30 · $396.0M
Depreciation & amortization
4,353 4,252 2,891 3,033 3,325 3,506 3,596 3,643 +1.3% 3,758
Stock-based comp
NOT DISCLOSED
75 — — — — — — — — —
Cash from operations
8,644 6,659 4,235 3,012 4,870 4,703 5,569 6,254 +12.3% 7,212 2024-09-30 · $1.7B2024-12-31 · $1.4B2025-03-31 · $1.2B2025-06-30 · $1.5B2025-09-30 · $2.3B2025-12-31 · $1.2B2026-03-31 · $1.7B2026-06-30 · $1.9B
Cash conversion
4.16× 2.20× 2.17× 1.65× 2.24× 2.02× 2.26× 2.26× -0.2% 2.59×
Capital expenditures
(7,594) (7,248) (8,048) (7,981) (7,147) (7,408) (7,097) (8,529) +20.2% (9,128)
Free cash flow
1,050 -589 -3,813 -4,969 -2,277 -2,705 -1,528 -2,275 — -1,916 2024-09-30 · -$6.0M2024-12-31 · -$510.0M2025-03-31 · -$746.0M2025-06-30 · -$502.0M2025-09-30 · $163.0M2025-12-31 · -$1.2B2026-03-31 · -$634.0M2026-06-30 · -$255.0M
FCF margin
2.9% -1.7% -22.9% -27.7% -11.9% -12.4% -6.6% -9.4% — -7.6%
Cash from investing
-7,834 -7,260 -4,336 -3,317 -6,990 -7,375 -7,042 -8,525 — -9,123
Dividends paid
1,332 1,408 1,492 1,497 1,334 1,433 1,524 1,617 +6.1% 1,669
Debt repayment
1,786 1,287 6,440 1,640 2,073 1,713 1,557 1,311 -15.8% —
Cash from financing
-219 -58 145 758 1,591 2,683 1,311 2,533 +93.2% 3,090
Net change in cash
NOT DISCLOSED
— -659 44 453 -529 11 -162 262 — 1,179
Ending cash balance
1,349 587 432 672 407 445 357 626 +75.4% 1,813

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM-1,528 CASH FROM OPERATIONS+685 CAPITAL EXPENDITURES-1,432 TO-2,275
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-30 ↗