Three-Statement Breakdown
FCF DOWN
Free cash flow fell 18% to $1.1B, and covered net income 0.82×.
CASH FROM OPS
-18.4%
1,121
CAPITAL EXPENDITURE
-16.1%
25
FREE CASH FLOW
-18.5%
1,097
FCF / NET INCOME
+2.4%
0.82×
| Cash flow | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | TTM | 8Q | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income |
|
797 | 879 | 901 | 1,237 | 1,726 | 1,592 | 1,682 | 1,340 | -20.3% | 1,141 | |
| Depreciation & amortization |
|
20 | 21 | 22 | 19 | 17 | 17 | 18 | 25 | +33.4% | 26 | |
| Stock-based comp |
|
76 | 79 | 51 | 58 | 83 | 100 | 74 | 69 | -6.4% | 65 | |
| Cash from operations |
|
723 | 867 | 925 | 1,242 | 1,870 | 1,498 | 1,374 | 1,121 | -18.4% | 1,067 | |
| Cash conversion |
|
0.91× | 0.99× | 1.03× | 1.00× | 1.08× | 0.94× | 0.82× | 0.84× | +2.4% | 0.93× | |
| Capital expenditures |
|
(20) | (23) | (16) | (18) | (18) | (25) | (29) | (25) | -16.1% | (20) | |
| Free cash flow |
|
703 | 844 | 909 | 1,225 | 1,852 | 1,473 | 1,345 | 1,097 | -18.5% | 1,046 | |
| FCF margin |
|
9.8% | 11.4% | 12.1% | 13.7% | 17.6% | 15.5% | 12.8% | 10.6% | -16.9% | 11.0% | |
| Cash from investing |
|
-8 | -13 | -4 | -18 | -27 | -24 | -27 | -71 | — | -17 | |
| Share repurchases |
|
846 | 698 | 371 | 1,538 | 1,500 | 1,082 | 2,058 | 1,833 | -10.9% | 1,784 | |
| Debt repayment |
NOT DISCLOSED
|
— | — | 0 | 0 | 600 | 0 | 0 | — | — | — | |
| Cash from financing |
|
-672 | -425 | 728 | -1,397 | -1,905 | -833 | -1,899 | -1,758 | — | -1,682 | |
| Net change in cash |
|
43 | 429 | 1,649 | -173 | -62 | 641 | -551 | -708 | — | -633 | |
| Ending cash balance |
|
732 | 1,161 | 2,810 | 2,637 | 2,575 | 3,215 | 2,665 | 1,957 | -26.6% | 1,197 | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM1,345
CASH FROM OPERATIONS-253
CAPITAL EXPENDITURES+5
TO1,097
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 2026-08-05 ↗