Three-Statement Breakdown
FCF DOWN
Free cash flow fell 2.2% to $1.2B, and covered net income 2.10×.
CASH FROM OPS
-2.9%
1,356
CAPITAL EXPENDITURE
-9.1%
136
FREE CASH FLOW
-2.2%
1,220
FCF / NET INCOME
+41.1%
2.10×
| Cash flow | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | TTM | 8Q | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income |
|
159 | -33 | 562 | 605 | 779 | 839 | 581 | -30.7% | 959 | |
| Depreciation & amortization |
|
146 | 412 | 422 | 433 | 459 | 482 | 506 | +4.9% | 535 | |
| Stock-based comp |
|
19 | 48 | 87 | 79 | 52 | 59 | 53 | -9.9% | 56 | |
| Cash from operations |
|
343 | 914 | 628 | 865 | 1,377 | 1,397 | 1,356 | -2.9% | 1,349 | |
| Cash conversion |
NOT DISCLOSED
|
2.16× | — | 1.12× | 1.43× | 1.77× | 1.67× | 2.33× | +40.0% | 1.41× | |
| Capital expenditures |
|
(38) | (42) | (64) | (95) | (105) | (149) | (136) | -9.1% | (130) | |
| Free cash flow |
|
305 | 872 | 564 | 771 | 1,272 | 1,248 | 1,220 | -2.2% | 1,219 | |
| FCF margin |
|
15.1% | 22.0% | 10.9% | 13.0% | 18.5% | 17.2% | 15.9% | -7.5% | 15.4% | |
| Cash from investing |
NOT DISCLOSED
|
-54 | -38 | — | — | -1,060 | -3,108 | -661 | — | -602 | |
| Dividends paid |
|
0 | 0 | 8 | 32 | 32 | 32 | 32 | -1.5% | 31 | |
| Share repurchases |
|
19 | 2 | 737 | 261 | 263 | 261 | 1,018 | 3.9× | 846 | |
| Debt repayment |
|
33 | 1,619 | 436 | 656 | 1,518 | 1,243 | 0 | -100.0% | — | |
| Cash from financing |
|
-12 | 329 | -1,157 | -954 | -338 | 1,708 | -1,054 | — | -875 | |
| Net change in cash |
|
284 | 1,245 | 359 | -497 | -18 | -54 | -292 | — | -137 | |
| Ending cash balance |
|
506 | 1,751 | 2,110 | 1,613 | 1,596 | 1,541 | 1,249 | -19.0% | 1,174 | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM1,248
CASH FROM OPERATIONS-41
CAPITAL EXPENDITURES+14
ROUNDING-1
TO1,220
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 2026-07-31 ↗