Three-Statement Breakdown
FCF UP
Free cash flow moved from -$463.5M to -$303.2M.
CASH FROM OPS
—
-284
CAPITAL EXPENDITURE
-37.1%
19
FREE CASH FLOW
—
-303
FCF / NET INCOME
—
-0.99×
| Cash flow | 24-08 | 24-11 | 25-02 | 25-05 | 25-08 | 25-11 | 26-02 | QoQ | YoY | TTM | 8Q | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 1,163 | 1,096 | 520 | 477 | 591 | 490 | 229 | 305 | +32.9% | -36.2% | 1,615 | ||
| Depreciation & amortization |
|
29 | 30 | 31 | 34 | 34 | 35 | 33 | 35 | +5.8% | +4.4% | 138 | |
| Stock-based comp |
|
32 | 23 | 84 | 29 | 26 | 25 | 62 | 26 | -57.9% | -8.7% | 139 | |
| Cash from operations |
|
819 | 975 | -289 | -1,095 | -159 | 1,759 | -434 | -284 | — | — | 883 | |
| Cash conversion |
|
0.70× | 0.89× | -0.56× | -2.29× | -0.27× | 3.59× | -1.89× | -0.93× | — | — | 0.55× | |
| Capital expenditures |
|
(18) | (41) | (56) | (15) | (32) | (85) | (30) | (19) | -37.1% | +23.9% | (166) | |
| Free cash flow |
|
801 | 933 | -345 | -1,110 | -191 | 1,674 | -463 | -303 | — | — | 717 | |
| FCF margin |
|
8.5% | 9.4% | -4.5% | -13.3% | -2.2% | 17.9% | -7.0% | -3.8% | — | — | 2.2% | |
| Cash from investing |
|
98 | -126 | 21 | 161 | -7 | 46 | 93 | -16 | — | — | 116 | |
| Dividends paid |
|
136 | 135 | 132 | 134 | 129 | 127 | 123 | 123 | -0.3% | -7.9% | 502 | |
| Share repurchases |
|
525 | 527 | 774 | 521 | 512 | 0 | 270 | 467 | +73.2% | -10.4% | 1,249 | |
| Debt repayment |
NOT DISCLOSED
|
0 | 0 | 534 | -19 | 0 | 0 | 599 | — | — | — | — | |
| Cash from financing |
|
-527 | -170 | -2,135 | -175 | 444 | 268 | -1,096 | 79 | — | — | -304 | |
| Net change in cash |
|
390 | 679 | -2,402 | -1,109 | 278 | 2,074 | -1,436 | -221 | — | — | 695 | |
| Ending cash balance |
|
4,311 | 4,910 | 2,588 | 1,479 | 1,757 | 3,756 | 2,395 | 2,174 | -9.2% | +47.0% | 2,174 | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM-463
CASH FROM OPERATIONS+149
CAPITAL EXPENDITURES+11
TO-303
No bridge for this line yet — select Free cash flow to see its QoQ walk.
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SRC 10-Q FILED 2026-06-29 ↗