NOVARTIS AG

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15	Dec-14	Dec-13	Dec-12	Dec-11	Dec-10	Dec-09	Dec-08	Dec-07	Dec-06
Total revenue	54.81	51.72	46.66	43.46	43.97	49.90	48.68	46.10	43.40	49.44	50.39	53.63	52.72	51.97	59.38	51.56	45.10	42.58	38.95	35.11
Cost of revenue	13.69	12.83	12.47	11.58	11.74	15.12	14.43	14.51	13.63	17.52	17.40	17.35	16.58	15.87	18.98	14.49	12.18	11.44	11.03	9.41
Gross profit	41.12	38.90	34.19	31.88	32.24	34.78	34.25	31.59	29.77	31.92	32.98	36.29	36.14	36.11	40.39	37.07	32.92	31.15	27.92	25.69
Total operating expenses +	24.05	24.35	24.42	23.93	22.18	24.63	25.17	23.19	21.07	23.65	24.01	25.20	25.15	24.60	29.61	25.55	22.94	22.18	21.13	18.05
Selling, general and administrative	13.24	12.57	14.32	14.25	14.82	14.20	14.37	16.47	2.14	2.19	2.48	2.62	2.60	2.53	2.97	2.48	2.28	2.25	2.13	1.88
Research and development	10.74	10.02	11.37	9.17	8.64	8.98	9.40	8.49	8.39	9.04	8.94	9.09	9.07	8.59	9.58	9.07	7.47	7.22	6.43	5.32
Other operating expenses	0.07	1.76	-1.27	0.51	-1.27	1.45	1.40	-1.77	10.54	12.42	12.60	13.50	13.48	13.48	17.06	14.00	13.19	12.72	12.57	10.85
Operating income	17.07	14.54	9.77	7.95	10.06	10.15	9.09	8.40	8.70	8.27	8.98	11.09	10.98	11.51	10.78	11.53	9.98	8.96	6.78	7.64
Non-operating income (net)	-0.64	-0.90	-0.65	-0.77	14.47	-0.27	-0.15	5.69	0.40	-0.45	-0.84	1.18	-0.18	-0.27	-0.23	0.18	-0.06	0.54	0.71	0.35
Income before tax	16.44	13.64	9.12	7.18	24.53	9.88	8.94	14.10	9.10	7.82	8.13	12.27	10.81	11.24	10.56	11.70	9.92	9.50	7.49	7.99
Income tax expense	2.40	1.70	0.55	1.13	1.63	1.81	1.79	1.30	1.60	1.12	1.11	1.55	1.50	1.71	1.48	1.73	1.47	1.34	0.95	1.17
Net income	14.06	11.94	14.85	6.96	24.02	8.07	11.73	12.61	7.70	6.71	17.78	10.21	9.18	9.27	8.94	9.79	8.40	8.20	11.95	7.18

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16	Sep-16	Jun-16	Mar-16	Dec-15	Sep-15	Jun-15	Mar-15	Dec-14	Sep-14	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13	Mar-13	Dec-12	Sep-12	Jun-12	Mar-12	Dec-11	Sep-11	Jun-11	Mar-11	Dec-10	Sep-10	Jun-10	Mar-10	Dec-09	Sep-09	Jun-09	Mar-09	Dec-08	Sep-08	Jun-08	Mar-08	Dec-07	Sep-07	Jun-07	Mar-07	Dec-06	Sep-06	Jun-06	Mar-06
Total revenue	13.52	13.33	14.36	14.84	13.62	13.56	13.17	12.87	12.12	11.78	12.09	11.75	11.05	13.09	10.78	13.09	12.81	13.52	13.37	13.29	12.69	13.03	12.54	11.62	12.71	12.72	12.48	12.02	11.46	13.66	11.39	11.65	11.16	13.16	12.69	12.49	11.79	12.61	12.34	12.68	11.81	12.80	12.49	12.90	12.20	13.35	13.30	13.95	13.03	15.36	12.91	13.28	14.21	15.07	14.04	14.54	13.91	15.00	15.03	15.12	14.22	14.46	12.82	11.92	12.36	13.15	11.29	10.74	9.93	10.35	11.03	10.99	10.22	10.17	9.82	9.40	9.37	9.32	9.02	8.51	8.15
Cost of revenue	3.46	3.54	3.54	3.32	3.23	3.32	3.23	3.17	3.10	3.02	3.12	3.34	2.99	4.07	2.87	3.75	3.86	3.98	3.94	3.91	4.04	4.22	3.75	3.43	3.72	3.99	3.78	3.41	3.25	4.93	3.46	3.56	3.45	4.49	4.32	4.26	4.11	4.49	4.37	4.45	4.21	4.55	4.39	4.49	3.98	4.42	4.42	4.38	4.13	5.31	4.13	4.09	4.61	5.09	4.58	4.61	4.48	5.12	4.79	4.62	4.46	4.52	3.66	3.21	3.10	3.67	3.10	2.82	2.81	2.83	3.02	2.94	2.65	3.01	3.03	2.50	2.49	2.51	2.53	2.23	2.18
Gross profit	10.07	9.79	10.82	11.51	10.39	10.23	9.94	9.70	9.02	8.75	8.98	8.40	8.06	9.01	7.91	9.33	8.96	9.55	9.43	9.38	8.66	8.81	8.79	8.19	8.99	8.72	8.71	8.62	8.20	8.74	7.92	8.10	7.71	8.68	8.37	8.24	7.68	8.12	7.97	8.23	7.60	8.26	8.10	8.41	8.22	8.94	8.88	9.57	8.90	10.05	8.78	9.19	9.60	9.98	9.46	9.93	9.43	9.88	10.25	10.50	9.76	9.94	9.16	8.72	9.26	9.48	8.19	7.92	7.12	7.51	8.01	8.05	7.57	7.16	6.78	6.90	6.89	6.81	6.50	6.28	5.97
Total operating expenses +	5.83	6.27	6.32	6.65	5.73	6.70	6.31	5.69	5.65	6.17	7.21	5.60	5.44	7.07	6.08	7.11	6.11	6.98	6.20	5.90	6.24	6.17	6.37	5.84	6.24	6.90	6.35	5.96	5.96	7.44	5.68	5.66	5.34	6.61	6.01	5.96	5.76	6.66	5.70	6.14	5.15	6.58	5.86	6.13	5.44	6.59	6.14	6.39	6.09	7.68	6.22	6.16	6.70	7.50	6.52	6.82	6.69	8.56	7.30	7.18	6.36	7.47	6.57	5.75	5.75	6.84	5.55	5.55	4.77	5.83	5.67	5.59	5.08	6.85	4.74	4.67	4.55	5.21	4.52	4.06	3.91
Selling, general and administrative	3.14	3.44	3.31	3.44	3.06	3.50	3.13	3.09	2.84	3.44	3.09	3.67	3.44	3.75	3.40	3.58	3.51	3.98	3.60	3.71	3.53	3.92	3.42	3.37	3.49	3.91	3.55	3.59	3.33	4.40	3.26	4.19	3.92	0.58	0.51	0.57	0.48	0.59	0.46	0.58	0.56	0.71	0.57	0.60	0.59	0.74	0.59	0.64	0.65	0.82	0.64	0.62	0.76	0.79	0.69	0.74	0.72	0.80	0.73	0.74	0.69	0.83	0.57	0.54	0.57	0.69	0.54	0.54	0.51	3.68	0.54	0.56	3.33	3.68	3.18	3.33	3.18	3.34	3.11	3.17	2.79
Research and development	2.74	2.84	2.94	2.73	2.37	2.84	2.39	2.37	2.42	2.57	3.93	2.30	2.58	2.44	2.54	2.50	2.32	2.41	2.38	2.40	2.35	2.33	2.15	2.44	2.06	2.85	2.20	2.05	2.30	2.40	2.15	2.13	1.98	2.50	2.24	2.06	2.17	2.58	2.22	2.19	2.04	2.47	2.19	2.21	2.07	2.54	2.16	2.18	2.21	2.70	2.22	2.25	2.30	2.62	2.19	2.29	2.24	2.52	2.48	2.40	2.19	2.59	2.55	1.89	2.04	2.15	1.83	1.80	1.69	1.83	1.94	1.77	1.67	1.85	1.55	1.53	1.50	1.54	1.40	1.25	1.13
Other operating expenses	-0.05	0.00	0.07	0.48	0.31	0.36	0.79	0.23	0.39	0.16	0.20	-0.38	-0.58	0.88	0.14	1.03	0.27	0.59	0.22	-0.21	0.36	-0.09	0.81	0.03	0.70	0.14	0.60	0.32	0.33	0.64	0.28	-0.66	-0.56	3.53	3.26	3.33	3.11	3.49	3.02	3.36	2.54	3.40	3.10	3.32	2.78	3.31	3.39	3.57	3.23	4.16	3.37	3.29	3.65	4.09	3.63	3.80	3.74	5.23	4.09	4.05	3.47	4.05	3.45	3.32	3.14	4.00	3.19	3.21	2.57	0.32	3.19	3.27	0.07	1.33	0.01	-0.18	-0.14	0.33	0.00	-0.37	-0.01
Operating income	4.24	3.52	4.50	4.86	4.66	3.53	3.63	4.01	3.37	2.58	1.76	2.81	2.62	1.95	1.83	2.23	2.85	2.56	3.23	3.48	2.42	2.64	2.41	2.35	2.74	1.82	2.36	2.66	2.24	1.30	2.24	2.43	2.37	2.07	2.36	2.28	1.92	1.46	2.27	2.09	2.45	1.68	2.23	2.28	2.79	2.35	2.74	3.18	2.82	2.37	2.56	3.03	2.90	2.48	2.95	3.11	2.74	1.32	2.95	3.32	3.41	2.47	2.59	2.96	3.51	2.64	2.63	2.36	2.35	1.68	2.34	2.46	2.49	0.31	2.04	2.23	2.34	1.60	1.98	2.23	2.06
Non-operating income (net)	-0.40	-0.30	-0.31	-0.33	-0.26	-0.25	-0.24	-0.17	-0.24	-0.21	-0.21	-0.13	-0.10	-0.21	-0.24	-0.19	-0.18	14.39	0.00	0.03	0.04	-0.09	0.00	-0.06	-0.12	-0.06	0.05	-0.03	-0.10	-0.04	0.01	5.74	-0.03	0.23	0.08	0.04	0.03	-0.38	0.01	0.02	-0.10	-0.55	-0.07	-0.13	-0.11	0.41	0.79	-0.04	0.02	-0.05	-0.07	0.00	-0.06	-0.05	-0.17	0.03	-0.08	-0.06	-0.04	-0.08	-0.05	-0.05	0.21	0.00	0.02	0.06	-0.14	0.08	-0.05	0.08	0.09	0.14	0.23	0.88	-0.47	0.00	0.13	0.11	0.08	-0.26	0.15
Income before tax	3.84	3.22	4.20	4.53	4.41	3.29	3.39	3.84	3.13	2.38	1.55	2.67	2.52	1.74	1.59	2.04	2.67	16.95	3.23	3.51	2.45	2.56	2.41	2.29	2.62	1.76	2.41	2.63	2.14	1.26	2.25	8.17	2.34	2.30	2.44	2.32	1.95	1.08	2.27	2.11	2.35	1.13	2.17	2.16	2.68	2.76	3.53	3.15	2.84	2.32	2.49	3.03	2.84	2.43	2.78	3.14	2.66	1.26	2.91	3.25	3.36	2.42	2.79	2.96	3.53	2.69	2.49	2.44	2.30	1.76	2.42	2.60	2.72	1.19	1.57	2.23	2.47	1.71	2.06	1.97	2.21
Income tax expense	0.68	0.81	0.27	0.51	0.80	0.47	0.20	0.60	0.44	-0.26	0.04	0.40	0.37	0.28	0.26	0.35	0.45	0.65	0.47	0.61	0.39	0.46	0.48	0.42	0.45	0.63	0.37	0.53	0.27	0.07	0.37	0.44	0.37	0.33	0.35	0.34	0.28	0.14	0.33	0.31	0.34	0.08	0.36	0.30	0.37	0.31	0.43	0.42	0.38	0.26	0.33	0.45	0.42	0.35	0.36	0.46	0.39	0.05	0.42	0.52	0.54	0.16	0.48	0.52	0.58	0.37	0.38	0.40	0.32	0.25	0.34	0.34	0.41	0.25	0.04	0.28	0.37	0.23	0.27	0.32	0.37
Net income	3.16	2.41	3.93	4.04	3.61	2.82	3.19	3.25	2.69	8.48	1.76	2.32	2.29	1.47	1.57	1.69	2.22	16.31	2.76	2.90	2.06	2.09	1.94	1.87	2.18	1.13	2.04	6.80	1.77	1.20	1.62	7.77	2.03	1.98	2.08	1.98	1.67	0.96	1.94	1.80	2.01	1.05	1.89	1.84	13.01	1.49	3.22	2.56	2.94	2.03	2.23	2.52	2.40	2.05	2.39	2.65	2.25	1.18	2.46	2.70	2.77	2.17	2.28	2.42	2.93	2.31	2.10	2.04	1.96	1.54	2.09	2.25	2.32	0.90	6.87	2.01	2.17	1.65	1.87	1.71	1.95

about 2 months ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15	Dec-14	Dec-13	Dec-12	Dec-11	Dec-10	Dec-09	Dec-08	Dec-07	Dec-06
Total cash and short-term investments +	11.59	13.35	13.96	18.62	28.11	11.56	11.45	15.96	9.49	7.78	5.45	13.86	9.22	8.12	5.08	8.13	17.45	6.12	13.20	7.96
Cash and cash equivalents	11.44	11.46	13.39	7.52	12.41	9.66	11.11	13.27	8.86	7.01	4.67	13.02	6.69	5.55	3.71	5.32	2.89	2.04	5.36	3.82
Short-term investments	0.16	1.89	0.57	11.10	15.71	1.91	0.33	2.69	0.63	0.77	0.77	0.84	2.54	2.57	1.37	2.82	14.56	4.08	7.84	4.14
Accounts receivable, net	10.93	8.21	9.38	9.89	9.62	9.07	9.17	9.68	10.07	10.20	10.55	10.26	12.62	12.53	12.37	11.72	10.01	8.57	8.50	7.97
Inventories	6.27	5.72	5.91	7.18	6.67	7.13	5.98	6.96	6.87	6.26	6.23	6.09	7.27	6.74	5.93	6.09	5.83	5.79	5.46	4.50
Other current assets	1.67	2.42	1.23	1.23	1.32	1.91	2.90	4.05	1.79	0.70	0.62	7.35	1.43	0.61	0.71	0.74	0.40	0.40	0.27	0.98
Total current assets	30.46	29.70	30.48	36.91	45.72	29.67	29.50	35.56	28.21	24.93	22.85	37.56	30.54	28.00	24.08	26.69	33.69	20.88	27.43	21.40
Total non-current assets +	85.11	72.54	69.46	80.54	86.08	102.52	88.91	110.00	104.87	105.19	108.71	87.83	95.71	96.21	93.41	96.63	61.81	57.42	48.02	46.60
Property, plant and equipment, net	12.35	10.87	10.92	12.20	13.11	13.94	13.75	15.70	16.46	15.64	15.98	15.98	18.34	16.94	15.63	15.84	14.08	13.10	12.63	10.95
Goodwill	25.57	24.76	23.34	29.30	29.60	30.00	26.52	35.29	31.75	30.98	31.17	29.31	31.03	31.09	29.94	29.69	12.04	11.29	11.11	10.66
Intangible assets	29.41	26.92	26.88	31.64	34.18	36.81	28.79	38.72	30.00	31.34	34.22	23.83	27.84	30.33	31.97	35.23	10.33	9.53	10.14	10.57
Long-term investments	1.09	1.13	1.83	1.61	2.27	11.70	11.16	10.70	17.61	16.50	16.58	9.44	10.10
Other non-current assets
Total assets	115.57	102.25	99.95	117.45	131.80	132.19	118.41	145.56	133.08	130.12	131.56	125.39	126.25	124.22	117.50	123.32	95.51	78.30	75.45	68.01

Total current liabilities +	27.28	28.69	26.39	28.66	30.21	33.06	28.26	29.61	23.40	22.21	23.71	26.97	26.37	24.05	23.15	24.66	19.47	16.50	16.64	16.23
Accounts payable	4.46	4.57	4.93	5.15	5.55	5.40	5.42	5.56	5.17	4.87	5.67	5.42	6.15	5.59	4.99	4.79	4.01	3.40	3.02	2.49
Short-term debt	5.78	8.32	6.31	6.13	6.50	9.88	7.09	9.62	5.20	8.06	7.87	6.56	6.67	5.95	6.37	8.58	5.23	4.86	4.92	6.56
Current portion of long-term debt	5.52	8.09	6.08	5.88	6.23	9.59	6.85	9.62	5.20	5.79	1.69	3.04	18.02
Deferred revenue
Other current liabilities	14.46	13.44	12.64	13.89	15.00	15.27	13.44	11.63	10.35	8.99	9.78	11.99	10.29	9.81	9.46	8.94	7.84	6.32	6.39	5.61
Total non-current liabilities +	41.74	29.43	26.81	29.37	33.77	42.46	34.60	37.26	35.45	33.02	30.73	27.57	25.41	30.95	28.41	28.89	18.57	11.36	9.42	10.48
Long-term debt	27.94	21.37	18.44	20.24	22.90	26.26	20.35	22.47	23.22	17.90	16.33	13.80	11.24	13.78	13.86	14.36	8.68	2.18	0.68	0.66
Capital lease obligations	1.92	1.80	1.83	1.79	1.90	2.01	1.95
Other non-current liabilities	0.96	1.04	1.19	1.58	1.48	1.39	1.21	1.37	1.39	1.46
Total liabilities	69.02	58.12	53.20	58.03	63.97	75.52	62.86	66.87	58.85	55.23	54.43	54.54	51.78	55.00	51.56	53.55	38.04	27.86	26.06	26.71

Total stockholders' equity +	46.13	44.05	46.67	59.34	67.66	56.60	55.47	78.61	74.17	74.83	77.05	70.77	74.34	69.09	65.84	63.20	57.39	50.29	49.22	41.11
Common stock and paid-in capital	1.41	-2.52	-2.98	-4.20	-3.33	-0.56	-3.80	-3.58	-3.47	-6.32	-3.33	-1.67	1.28	-1.13	0.90	0.83	0.83	0.46	0.82	0.85
Retained earnings	44.72	46.56	49.65	63.54	70.99	57.16	59.27	82.19	77.64	81.15	80.38	72.43	73.07	70.22	64.95	62.36	56.56	49.83	48.41	40.26
Common shares outstanding	1,955	2,035	2,092	2,197	2,260	2,296	2,319	2,344	2,371	2,400	2,438	2,470	2,479	2,445	2,413	2,301	2,277	2,284	2,329	2,360

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16	Sep-16	Jun-16	Mar-16	Dec-15	Sep-15	Jun-15	Mar-15	Dec-14	Sep-14	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13	Mar-13	Dec-12	Sep-12	Jun-12	Mar-12	Dec-11	Sep-11	Jun-11	Mar-11	Dec-10	Sep-10	Jun-10	Mar-10	Dec-09	Sep-09	Jun-09	Mar-09	Dec-08	Sep-08	Jun-08	Mar-08	Dec-07	Sep-07	Jun-07	Mar-07	Dec-06	Sep-06	Jun-06	Mar-06
Total cash and short-term investments +	6.98	11.59	9.75	7.00	7.20	13.35	14.02	8.44	9.69	14.43	12.70	11.17	12.26	18.93	19.10	19.76	18.81	28.33	8.16	5.36	4.08	11.56	10.87	6.29	4.97	11.45	8.72	10.34	7.11	15.96	14.71	13.15	6.42	9.49	9.40	8.42	8.24	7.78	7.74	5.65	5.07	5.45	5.93	5.81	8.25	13.86	10.43	7.32	7.72	9.22	7.27	5.09	6.04	8.12	5.80	6.11	5.39	5.08	5.57	5.60	8.76	8.13	7.99	23.00	19.90	17.45	14.17	11.82	7.84	6.12	8.14	16.20	10.85	13.20	14.53	7.55	6.96	7.96	8.53	7.31	11.12
Cash and cash equivalents	6.88	11.44	9.56	6.66	7.07	11.46	13.61	7.90	9.47	13.39	12.41	10.89	12.00	7.52	8.73	3.63	13.85	12.41	7.21	5.12	3.80	9.66	8.99	5.92	4.53	11.11	8.38	9.99	6.81	13.27	14.00	12.45	5.81	8.86	8.81	7.86	7.57	7.01	7.17	5.04	4.46	4.67	5.33	5.22	7.36	13.02	9.64	6.80	7.17	6.69	6.36	4.08	4.71	5.55	5.80	6.11	4.04	3.71	4.09	4.23	7.17	5.32	5.39	5.56	5.07	2.89	2.77	3.59	1.58	2.04	8.14	16.20	10.85	5.36	14.53	7.55	6.96	3.82	8.53	7.31	11.12
Short-term investments	0.10	0.16	0.20	0.34	0.13	1.89	0.41	0.53	0.23	1.03	0.29	0.29	0.26	11.41	10.38	16.13	4.96	15.92	0.95	0.24	0.28	1.91	1.88	0.38	0.45	0.33	0.34	0.34	0.31	2.69	0.71	0.70	0.61	0.63	0.59	0.57	0.67	0.77	0.57	0.61	0.61	0.77	0.60	0.59	0.89	0.84	0.79	0.52	0.55	2.54	0.91	1.01	1.33	2.57			1.35	1.37	1.48	1.37	1.59	2.82	2.61	17.44	14.83	14.56	11.39	8.23	6.26	4.08				7.84				4.14
Accounts receivable, net	9.60	10.93	8.98	9.18	8.73	8.21	8.15	8.48	8.25	8.12	7.10	9.54	9.18	8.94	8.68	8.91	8.68	8.83	8.63	8.65	8.48	9.07	8.30	7.95	8.80	9.17	8.07	8.25	7.85	9.68	8.77	8.99	9.12	10.07	8.48	8.38	8.23	10.20	8.55	8.61	8.46	8.18	8.50	8.75	8.79	10.26	8.86	9.37	10.32	9.90	10.50	10.79	10.48	11.11	10.52	10.49	10.61	12.37	10.70	10.92	10.86	11.72	10.39	7.80	7.77	10.01	7.82	7.17	6.75	8.57	7.25	7.14	6.88	8.50	6.81	6.23	6.35	7.97	6.09	5.89	5.29
Inventories	6.29	6.27	6.42	6.31	5.83	5.72	5.94	5.75	5.74	5.91	5.61	8.23	7.89	7.18	6.78	6.88	7.00	6.67	6.89	7.11	7.00	7.13	7.14	6.90	6.40	5.98	6.12	6.09	5.73	6.96	6.95	7.10	7.23	6.87	6.95	6.90	6.58	6.26	6.77	6.67	6.63	6.23	6.56	6.61	6.27	6.09	6.51	6.88	7.86	7.27	7.52	7.26	7.02	6.74	6.85	6.42	6.46	5.93	6.61	7.10	6.62	6.09	6.76	5.54	5.66	5.83	6.31	6.13	5.76	5.79	5.96	6.45	6.24	5.46	5.27	5.02	4.98	4.50	4.61	4.69	3.93
Other current assets	3.74	1.72	3.04	3.46	3.36	2.42	3.16	3.03	2.76	2.02	20.26	4.55	2.79	1.87	2.39	2.59	2.75	1.90	2.57	2.69	2.64	1.91	2.67	2.73	2.93	2.90	3.77	3.64	31.76	4.05	3.69	2.83	10.29	1.79	2.61	2.82	2.71	0.70	2.78	2.79	2.83	2.99	3.06	3.57	3.28	9.69	10.99	11.41	3.78	3.39	3.48	3.70	3.26	3.09	8.78	9.22	8.72	0.71	8.26	8.62	11.62	0.74	10.57	25.33	22.37	0.40	16.32	13.88	9.97	0.40	1.95	2.30	2.31	0.27	2.07	1.83	3.04	0.98	1.75	1.91	1.58
Total current assets	26.61	30.46	28.20	25.94	25.11	29.70	31.26	25.69	26.45	30.48	45.66	33.49	32.11	36.91	36.95	38.14	37.24	45.72	26.25	23.81	22.20	29.67	28.97	23.88	23.10	29.50	26.68	28.32	52.45	35.56	34.11	32.07	33.05	28.21	27.47	26.54	25.77	24.93	25.88	23.72	22.99	22.85	24.05	24.75	25.71	37.56	36.79	34.97	29.69	30.54	28.77	26.85	26.80	28.00	26.15	26.12	25.79	24.08	25.56	26.63	29.10	26.69	27.72	38.67	35.80	33.69	30.44	27.17	22.48	20.88	23.30	32.09	26.29	27.43	28.68	20.64	21.33	21.40	20.97	19.80	21.92
Total non-current assets +	91.93	85.11	79.09	78.46	74.83	72.54	72.26	71.81	67.89	73.34	67.04	77.49	80.13	84.86	81.51	84.77	87.98	90.17	94.96	100.21	99.55	102.52	100.71	99.88	100.00	88.91	89.30	87.97	85.50	110.00	108.88	109.99	102.47	104.87	107.51	107.21	106.22	105.19	108.12	107.71	109.46	108.71	108.88	110.67	109.23	87.83	88.59	90.80	95.64	95.71	95.82	94.23	94.22	96.21	95.07	92.37	93.62	93.41	95.81	99.29	98.12	96.63	96.91	58.26	60.00	61.81	60.25	57.10	55.49	57.42	58.72	51.31	50.03	48.02	48.25	49.98	46.99	46.60	45.89	46.13	36.93
Property, plant and equipment, net		12.35	11.99	11.83	11.09	10.87			10.54	10.92	10.34	12.28	12.35	12.20	11.73	12.21	12.86	13.11	13.16	13.34	13.20	13.94	13.34	13.60	13.56	13.75	13.56	14.05	14.14	15.70	15.75	15.96	16.68	16.46	16.26	16.21	15.77	15.64	16.20	16.07	16.25	15.98	15.80	15.87	15.42	15.98	15.91	16.43	18.28	18.20	17.58	16.83	16.59	16.94	16.18	15.58	16.01	15.63	16.09	16.93	16.34	15.84	15.90	13.17	13.58	14.08	13.87	13.45	12.52	13.10	12.99	13.73	13.50	12.63	12.03	11.35		10.95
Goodwill	26.82	25.57	25.55	25.55	24.97	24.76	24.93	25.23	23.06	23.34	23.42	29.52	29.48	29.30	28.67	29.11	29.64	29.60	29.57	29.77	29.59	30.00	29.53	29.10	28.94	26.52	26.31	26.53	26.30	35.29	35.04	35.17	34.13	31.75	31.72	31.61	31.20	30.98	31.41	31.33	31.45	31.17	31.28	31.33	31.07	29.31	29.37	29.77	31.10	31.03	31.18	30.98	30.90	31.09	30.84	29.83	30.14	29.94	30.17	30.52	30.35	29.69	29.95	11.29	11.69	12.04	11.81	11.38	10.95	11.29				11.11				10.66
Intangible assets	40.21	29.41	29.04	29.24	27.48	26.92	27.90	27.78	26.27	26.88	26.42	28.00	30.45	31.64	31.89	33.37	34.85	34.18	33.95	34.82	35.38	36.81	36.88	36.67	37.45	28.79	29.69	27.22	27.02	38.72	37.95	39.44	32.12	30.00	30.84	31.47	31.53	31.34	32.80	33.41	34.40	34.22	34.73	35.89	36.26	23.83	24.57	25.20	27.40	27.84	28.53	29.00	29.59	30.33	31.09	30.74	31.57	31.97	33.30	34.59	34.98	35.23	65.18	10.25	9.88	10.33	10.54	9.26	9.03	9.53	21.27	21.56	21.85	10.14	21.11	21.06		10.57
Long-term investments	2.43	1.09	2.15	2.16	2.10	1.13	2.19	2.13	2.58	1.83	2.12	2.43	2.56	1.61	2.49	2.58	2.91	2.27	12.35	12.01	11.63	11.70	11.60	11.05	10.52	11.16	11.06	11.64	10.12	9.79	9.97	9.51	9.61	16.65	1.42	1.16	1.14	15.40	1.23	2.40		16.58				9.44				10.10
Other non-current assets
Total assets	118.53	115.57	107.29	104.40	99.94	102.25	103.52	97.51	94.33	103.82	112.70	110.98	112.24	121.77	118.46	122.91	125.22	135.88	121.21	124.02	121.75	132.19	129.68	123.76	123.10	118.41	115.97	116.29	137.95	145.56	142.99	142.06	135.52	133.08	134.97	133.75	131.99	130.12	134.01	131.44	132.45	131.56	132.93	135.41	134.94	125.39	125.38	125.77	125.33	126.25	124.59	121.07	121.01	124.22	121.22	118.49	119.41	117.50	121.38	125.92	127.22	123.32	124.63	96.92	95.80	95.51	90.69	84.27	77.97	78.30	82.02	83.40	76.32	75.45	76.94	70.62	68.32	68.01	66.86	65.93	58.85

Total current liabilities +	31.37	27.28	32.00	31.71	31.62	28.69	28.13	27.61	29.29	26.39	48.39	31.91	30.55	28.66	28.16	27.65	29.81	30.21	29.88	29.63	30.16	33.06	31.84	29.38	31.29	28.26	28.22	30.11	56.13	29.61	28.33	27.94	28.22	23.40	25.38	26.15	26.33	22.21	24.60	26.27	27.82	23.71	28.16	29.39	29.05	26.97	26.62	27.56	24.76	26.37	25.81	24.39	26.37	24.05	21.86	24.92	27.36	23.15	25.83	29.54	32.22	24.66	27.66	17.83	17.43	19.47	17.90	15.36	14.99	16.50	19.95	19.68	17.06	16.64	17.50	15.98	17.55	16.23	16.32	16.76	15.59
Accounts payable	4.32	4.46	4.56	4.51	4.26	4.57	4.09	4.15	4.06	4.93	3.87	5.35	5.43	5.15	4.69	4.97	5.08	5.55	4.67	4.81	5.04	5.40	4.71	4.82	4.83	5.42	4.67	4.75	4.64	5.56	4.97	5.49	4.99	5.17	4.69	4.69	4.57	4.87	4.66	4.92	4.70	5.67	4.83	5.13	5.06	5.42	4.52	4.99	5.49	6.15	5.08	5.04	4.88	5.59	4.59	4.59	4.49	4.99	4.39	4.64	4.50	4.79	3.99	3.51	3.56	4.01	3.28	3.32	3.26	3.40	2.90	3.25	3.01	3.02	2.73	2.51	2.58	2.49	2.11	2.20	1.94
Short-term debt	7.89	5.78	7.78	8.57	8.04	8.32	6.81	7.76	8.56	6.31	5.67	8.54	7.22	6.13	7.30	7.30	6.97	6.50	9.61	9.35	10.44	9.88	9.99	9.13	11.21	7.09	8.28	8.15	7.70	9.62	9.18	9.60	10.91	5.20	7.00	7.56	8.32	8.06	8.31	10.09	11.63	5.60	9.29	9.97	10.28	6.61	6.94	7.56	6.01	6.78	7.66	7.26	9.33	5.95	5.02	8.88	10.70	6.37	10.15	13.58	16.58	8.58	12.63	5.41	4.48	5.23	5.66	4.67	4.47	4.86	8.74	8.56	5.73	4.92	6.58	6.82	6.69	6.56	7.26	7.81	6.75
Current portion of long-term debt	7.62	5.52	7.52	8.31	7.80	8.09	6.57	7.53	8.34	6.08	5.46	8.29	6.97	5.88	7.06	7.05	6.70	6.23	9.34	9.08	10.17	9.59	9.73	8.88	10.96	6.85	8.02	7.86	7.43	3.25	9.18	9.60	10.91	0.47	30.16	30.56	31.26	0.29	26.57	26.37		1.69				3.04				18.02
Deferred revenue
Other current liabilities	17.36	14.46	16.32	15.81	16.75	13.44	15.07	13.78	15.01	13.16	36.73	15.37	14.94	14.73	13.48	12.93	15.18	15.62	13.14	13.10	12.44	15.27	14.43	12.86	12.96	13.44	-17.55	-19.30	-37.27	11.63	-1.62	11.16	10.56	10.35	13.70	13.89	13.44	8.99	11.64	11.26	11.48	10.17	14.04	0.22	0.23	12.32	2.57	2.22	13.27	13.37	13.08	12.09	12.16	9.81	12.25	11.46	12.17	9.46	11.29	11.31	11.14	8.94	11.04	8.91	9.39	7.84	8.97	7.37	7.25	6.32	8.31	7.87	8.32	6.39	8.20	6.65	8.29	5.61	6.94	6.75	6.90
Total non-current liabilities +	48.23	41.74	30.54	30.63	29.87	29.43	31.95	27.99	25.29	30.68	26.06	27.14	29.55	33.69	29.41	32.26	33.71	37.85	34.39	40.25	41.00	42.46	43.29	40.50	40.83	34.60	35.15	34.68	34.51	37.26	36.65	37.21	36.09	35.45	37.22	37.63	38.01	33.02	34.34	32.63	32.74	30.73	27.98	27.19	29.44	27.57	27.34	27.70	30.24	25.41	26.60	27.06	27.49	30.95	32.16	29.33	28.85	28.41	29.41	29.29	29.66	28.89	30.75	23.28	23.15	18.57	19.47	18.43	16.75	11.36	11.33	12.11	10.00	9.42	9.94	10.98	10.27	10.48	11.96	12.01	9.50
Long-term debt	37.45	27.94	22.60	22.47	21.67	21.37	23.75	19.66	17.19	18.44	18.07	18.26	20.40	20.24	19.73	22.23	22.80	22.90	23.10	24.83	25.75	26.26	26.50	23.96	23.80	20.35	20.13	20.36	21.23	22.47	22.61	22.76	23.20	23.22	23.16	23.00	22.93	17.90	18.26	16.28	16.47	16.33	13.41	13.30	14.83	13.80	12.67	12.87	15.20	11.24	11.12	11.62	11.61	13.78	15.82	13.75	13.90	13.86	13.74	13.92	14.53	14.36	14.33	13.24	13.45	8.68	8.71	9.20	6.98	2.18	2.06	2.17	0.75	0.68	0.67	0.63	0.66	0.66	1.96	1.62	1.34
Capital lease obligations	1.93	1.92	1.90	1.85	1.80	1.80	1.84	1.79	1.75	1.83	1.66	1.79	1.84	1.79	1.75	1.81	1.85	1.90	1.89	1.94	1.93	2.01	1.95	1.96	1.94	1.95	1.97	2.05	1.94
Other non-current liabilities	4.02	0.96	4.13	4.24	4.10	1.04	4.39	4.31	4.26	1.19	4.08		4.84	1.58				1.48				1.39				1.21
Total liabilities	79.61	69.02	62.54	62.34	61.49	58.12	60.08	55.60	54.58	57.07	74.45	59.05	60.10	62.34	57.57	59.90	63.51	68.06	64.27	69.89	71.16	75.52	75.12	69.88	72.12	62.86	63.37	64.79	90.64	66.87	64.98	65.16	64.31	58.85	62.60	63.77	64.34	55.23	58.94	58.90	60.56	54.43	56.14	56.58	58.49	54.54	53.95	55.25	55.00	51.78	52.42	51.44	53.86	55.00	54.01	54.25	56.21	51.56	55.24	58.82	61.88	53.55	58.41	41.11	40.58	38.04	37.37	33.79	31.74	27.86	31.28	31.79	27.05	26.06	27.44	26.96	27.82	26.71	28.27	28.77	25.09

Total stockholders' equity +	38.51	46.13	44.33	41.99	38.37	44.05	43.32	41.73	39.68	46.67	38.16	51.85	52.06	59.34	60.82	62.93	61.54	67.66	56.77	54.04	50.52	56.60	54.48	53.81	50.90	55.47	52.52	51.43	47.23	78.61	77.94	76.82	71.10	74.17	72.31	69.92	67.59	74.83	74.98	72.46	71.81	77.05	76.71	78.76	76.38	70.77	71.34	70.39	70.21	74.34	72.05	69.49	67.03	69.09	67.08	64.13	63.11	65.84	66.14	67.09	65.34	63.20	66.22	55.82	55.22	57.39	53.31	50.49	46.23	50.29	50.74	51.61	49.27	49.22	49.49	43.66	40.50	41.11	38.59	37.16	33.75
Common stock and paid-in capital	1.26	1.41	0.82	0.46	-1.47	-2.52	-2.98	-4.10	-4.16	-2.98	-4.17	-3.84	-4.03	-4.20	-3.72	-2.51	-1.91	-3.33	-0.67	-0.36	-1.53	-0.56	-2.92	-3.68	-4.45	-3.80	-5.40	-4.22	-4.29	-3.58	-2.22	-2.98	-2.40	-3.47	72.31	69.92	67.59	-6.32	-6.16	-8.69	71.81	-3.33	76.71	78.76	76.38	-1.67	71.34	70.39	70.21	1.28	72.05	69.49	67.03	-1.13	67.08	64.13	63.11	0.90	66.14	67.09	65.34	0.83	66.22	55.82	55.22	0.83	53.31	50.49	46.23	0.46	50.74	51.61	49.27	0.82	49.49	43.66	40.50	0.85	38.59	37.16	-0.34
Retained earnings	37.25	44.72	43.51	41.53	39.84	46.56	46.29	45.84	43.83	49.65	42.33	55.68	56.09	63.54	64.54	65.43	63.45	70.99	57.44	54.40	52.05	57.16	57.40	57.50	55.36	59.27	57.93	55.65	51.52	82.19	80.16	79.79	73.50	77.64				81.15	81.15	81.15		80.38				72.43				73.07				70.22				64.95				62.36				56.56				49.83				48.41				40.26			34.09
Common shares outstanding	1,916	1,929	1,940	1,960	1,979	2,004	2,027	2,046	2,056	2,065	2,075	2,095	2,120	2,150	2,180	2,211	2,237	2,253	2,254	2,258	2,265	2,282	2,302	2,304	2,292	2,292	2,297	2,333	2,339	2,336	2,338	2,346	2,347	2,348	2,359	2,373	2,389	2,395	2,401	2,401	2,398	2,418	2,438	2,451	2,446	2,449	2,460	2,471	2,479	2,469	2,480	2,490	2,473	2,451	2,445	2,441	2,435	2,424	2,450	2,426	2,305	2,288	2,300	2,297	2,290	2,268	2,285	2,280	2,283	2,264	2,283	2,286	2,273	2,312	2,322	2,352	2,359	2,348	2,362	2,362	2,355

about 2 months ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15	Dec-14	Dec-13	Dec-12	Dec-11	Dec-10	Dec-09	Dec-08	Dec-07	Dec-06
Operating cash flow +	19.24	17.62	14.46	14.24	15.07	13.65	13.63	14.27	12.62	11.48	11.90	13.90	13.17	14.19	14.31	14.07	12.19	9.77	9.21	8.71
Net income
Depreciation, depletion and amortization	5.35	6.07	8.28	7.18	6.11	6.46	5.83	6.89	6.08	6.04	5.58	4.75	4.99	4.95	5.79	3.42	2.30	2.67	2.86	1.99
Stock-based compensation	1.10	1.04	0.87	0.82	0.74	0.74	0.76	0.76	0.68	0.67	0.77	0.74	0.73	0.75	0.79	0.66	0.64	0.57	0.57	0.52
Change in inventory	0.03	-0.23	-0.55	-0.83	0.08	-0.54	-0.38	-0.53	-0.25	-0.24	-0.48	-0.51	-0.65	-0.70	0.05	0.97	0.24	-0.57	-0.75	-0.12
Other working capital changes	12.76	10.73	5.86	7.06	8.14	6.99	7.42	7.15	6.11	5.00	6.03	8.91	8.11	9.20	7.69	9.03	9.01	7.10	6.53	6.32
Cash flow from investing +	-4.90	-7.51	5.60	1.47	4.21	-13.18	-2.23	-5.59	-3.12	-3.44	-10.78	0.88	-3.35	-5.68	-0.79	-15.76	-14.22	-10.37	-6.24	-6.58
Capital expenditures	-1.56	-3.81	-2.75	-2.67	-2.97	-2.59	-2.26	-3.36	-2.75	-2.88	-3.85	-3.70	-3.78	-3.31	-2.39	-2.23	-2.73	-2.32	-3.13	-2.32
Others incl. marketable securities changes	-3.35	-3.70	8.35	4.14	7.18	-10.60	0.03	-2.24	-0.37	-0.56	-6.93	4.58	0.42	-2.37	1.60	-13.52	-11.49	-8.05	-3.11	-4.25
Cash flow from financing +	-14.94	-11.74	-14.28	-20.56	-16.26	-2.21	-13.63	-4.24	-7.73	-5.31	-9.18	-8.15	-8.77	-6.68	-15.02	4.12	2.81	-2.57	-9.32	-4.97
Dividend payout	-7.86	-7.62	-7.26	-7.51	-7.37	-6.99	-6.65	-6.97	-6.50	-6.48	-6.64	-6.81	-6.10	-6.03	-5.37	-4.49	-3.94	-3.35	-2.60	-2.05
Common stock repurchases	-9.26	-8.33	-8.72	-10.65	-3.06	-2.84	-5.53	-2.04	-5.49	-1.11	-6.07	-6.92	-2.93	-0.51	-3.63	-0.31	-0.46	-3.35	-6.45	-0.40
Net Debt Issuance	2.17	4.21	1.70	-2.40	-5.84	7.62	-1.45	4.76	4.25	2.27	3.54	5.58	0.26	-0.14	-6.03	8.91	7.21	4.12	-0.27	-2.52

Change in cash	-0.60	-1.64	5.78	-4.86	3.02	-1.74	-2.23	4.44	1.77	2.72	-8.06	6.63	1.05	1.84	-1.51	2.43	0.78	-3.17	-6.35	-2.84

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16	Sep-16	Jun-16	Mar-16	Dec-15	Sep-15	Jun-15	Mar-15	Dec-14	Sep-14	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13	Mar-13	Dec-12	Sep-12	Jun-12	Mar-12	Dec-11	Sep-11	Jun-11	Mar-11	Dec-10	Sep-10	Jun-10	Mar-10	Dec-09	Sep-09	Jun-09	Mar-09	Dec-08	Sep-08	Jun-08	Mar-08	Dec-07	Sep-07	Jun-07	Mar-07	Dec-06	Sep-06	Jun-06	Mar-06
Operating cash flow +	3.68	2.25	6.57	6.66	3.65	4.19	6.29	4.88	2.27	2.55	5.38	3.58	2.96	4.11	4.72	3.76	1.65	3.88	4.93	4.13	2.13	4.01	3.16	3.96	2.53	3.54	4.56	3.11	2.41	3.77	4.05	3.94	2.51	3.41	3.59	3.58	2.05	3.59	3.23	3.11	1.54	4.16	3.13	2.91	1.70	5.21	4.01	3.34	1.34	4.45	4.38	2.52	1.83	4.63	4.07	2.99	2.52	4.72	4.23	3.45	1.91	4.58	3.23	2.96	3.31	4.47	3.15	2.62	1.95	3.28	2.88	1.87	1.74	-5.02	10.19	1.81	2.22	2.29	2.52	1.76	2.14
Net income
Depreciation, depletion and amortization	1.23	1.55	1.36	1.26	1.15	1.63	1.97	1.16	1.31	1.61	3.11	1.83	2.00	1.95	1.92	1.80	1.41	1.52	1.45	1.44	1.70	1.62	1.73	1.70	1.41	1.94	1.40	1.05	1.44	1.96	1.37	0.98	1.01	1.72	1.48	1.35	1.78	1.83	1.51	1.47	1.37	1.43	1.36	1.51	1.28	1.29	1.17	1.18	1.22	1.26	1.22	1.25	1.19	1.38	1.23	1.19														0.55	0.86	0.62	0.63	0.79	0.95	0.56	0.56	0.52	0.59	0.45	0.44
Stock-based compensation	0.30	0.30	0.27	0.27	0.26	0.27	0.26	0.26	0.26	0.25	0.21	0.23	0.20	0.20	0.21	0.20	0.20	0.20	0.17	0.19	0.18	0.16	0.20	0.20	0.18	0.17	0.22	0.17	0.20	0.20	0.17	0.16	0.18	0.44	0.17	-0.38	-0.36	0.85	-0.47	-0.57	-0.07	0.90	-0.30	-0.64	0.23	1.01	-0.89	-0.57	0.09	0.89	-0.25	-0.54	-0.10	1.00	-0.35	-0.97
Change in inventory	-0.10	0.15	-0.13	-0.04	0.06	-0.17	0.09	-0.02	-0.13	0.03	-0.03	-0.38	-0.62	-0.03	-0.13	-0.19	-0.43	0.17	0.10	-0.31	0.08	-0.54	-0.54	-0.54	-0.54	-0.38	-0.38	-0.38	-0.38	-0.39	-0.53	-0.53	-0.53	-0.25	-0.25	-0.25	-0.25	-0.24	-0.24	-0.24		-0.48				-0.51				-0.45				-0.70				0.05				0.97				0.24
Other working capital changes	2.24	0.25	5.07	5.19	2.18	2.46	3.98	3.47	0.82	0.65	2.10	1.89	1.38	2.00	2.73	1.94	0.47	2.01	3.20	2.81	0.17	2.77	1.76	2.60	1.48	1.82	3.33	2.27	1.16	2.00	3.05	3.34	1.86	1.49	2.19	2.85	0.88	1.15	2.43	2.45	0.24	2.31	2.07	2.04	0.20	3.41	3.74	2.73	0.03	2.75	3.41	1.80	0.74	2.94	3.18	2.76	2.52	4.68	4.23	3.45	1.91	3.61	3.23	2.96	3.31	4.23	3.15	2.62	1.95	2.73	2.02	1.25	1.11	-5.80	9.24	1.25	1.67	1.77	1.93	1.31	1.71
Cash flow from investing +	-11.74	-2.11	-0.86	-2.24	0.33	-3.03	-0.37	-3.21	-0.90	-1.11	-2.21	-1.05	10.62	-1.47	5.20	-11.63	9.37	4.56	-1.23	0.10	0.78	-0.57	-2.05	-0.43	-10.14	0.32	-3.40	-0.47	1.33	-4.94	-0.89	4.33	-4.10	-1.00	-0.69	-0.34	-1.10	-1.07	-0.75	-0.84	-0.77	-1.69	-0.75	-1.78	-6.56	-0.92	0.05	-1.08	2.82	-2.66	-0.75	-0.64	0.70	-2.54	-1.97	-0.72	-0.45	-0.82	-0.57	0.11	0.49	-0.59	-10.66	-3.37	-1.14	-4.19	-4.45	-2.73	-2.84	-1.73	-13.12	1.05	3.43	-1.68	-2.59	-0.73	-1.25	-0.83	-0.48	-5.02	-0.24
Capital expenditures	-0.81	-0.61	-0.83	-0.56	-1.49	-1.13	-0.80	-0.73	-1.16	-0.41	-0.68	-1.00	-0.47	-0.65	-0.47	-0.58	-0.86	-0.98	-0.54	-0.60	-0.86	-1.02	-0.63	-0.45	-0.48	-0.64	-0.57	-0.44	-0.62	-0.91	-0.84	-0.62	-0.80	-0.97	-0.67	-0.59	-0.73	-0.91	-0.98	-0.68	-0.71	-1.31	-0.78	-1.04	-0.72	-1.13	-1.00	-0.96	-0.66	-1.13	-0.93	-0.87	-0.65	-1.21	-0.76	-0.71	-0.62	-0.67	-0.58	-0.62	-0.51	-0.74	-0.39	-0.65	-0.45	-0.99	-0.52	-0.86	-0.37	-0.87	-0.48	-0.56	-0.40	-1.34	-0.65	-0.62	-0.53	-1.18	-0.49	-0.35	-0.30
Others incl. marketable securities changes	-10.93	-1.50	-0.03	-1.69	1.82	-1.90	0.43	-2.48	0.26	-0.71	-1.53	-0.06	11.09	-0.82	5.67	-11.05	10.22	5.54	-0.69	0.69	1.64	0.45	-1.42	0.03	-9.66	0.95	-2.83	-0.03	1.95	-4.03	-0.05	4.95	-3.30	-0.03	-0.02	0.26	-0.37	-0.16	0.23	-0.17	-0.06	-0.38	0.03	-0.74	-5.84	0.22	1.05	-0.12	3.48	-1.53	0.18	0.23	1.35	-1.32	-1.22	-0.01	0.18	-0.15	0.02	0.73	1.00	0.16	-10.27	-2.72	-0.69	-3.20	-3.94	-1.88	-2.47	-0.86	-12.65	1.62	3.84	-0.34	-1.94	-0.11	-0.72	0.35	0.01	-4.67	0.06
Cash flow from financing +	3.58	1.71	-2.79	-5.21	-8.55	-3.00	-0.38	-3.20	-5.16	-0.61	-0.83	-3.64	-9.20	-3.99	-4.74	-2.30	-9.53	-3.25	-1.53	-2.94	-8.54	-2.94	1.90	-2.19	1.01	-1.20	-2.71	-0.03	-9.68	0.45	-1.62	-1.53	-1.55	-2.40	-1.94	-3.01	-0.39	-2.30	-0.34	-1.64	-1.03	-2.78	-2.20	-2.45	-1.76	-0.74	-1.08	-2.64	-3.69	-1.52	-1.39	-2.52	-3.34	-1.14	-2.12	-1.67	-1.74	-4.22	-3.76	-6.56	-0.49	-4.06	7.20	0.95	0.02	-0.14	0.44	2.06	0.45	-3.75	0.69	4.18	-3.69	-3.16	-2.87	-0.81	-2.48	-1.94	-0.46	-0.82	-1.75
Dividend payout	-6.20	-0.01	-0.03	-2.49	-5.33	-7.62		-2.42	-5.21	-0.13	0.00	-7.26	-7.26	-7.51	-7.51	-7.51	-7.51	-7.37	-7.37	-7.37	-7.37	-6.99	-6.99	-6.99	-6.99	-6.65	-6.65	-6.65	-6.65	-6.65	-6.65	-6.65	-6.97	-6.50	-6.50	-6.50	-6.50	-6.48	-6.48	-6.48	-6.48	-6.64	-6.64	-6.64	-6.64	-6.81	-6.81	-6.81	-6.81	-6.10	-6.10	-0.01	-6.11	-6.03	-6.03	-0.02	-6.01	-5.37	-5.37	-0.02	-5.35	-4.49	-4.49	-0.02	-4.47	-3.94	-3.94	-0.01	-3.93	-3.35	-3.35			-2.60				-2.05
Common stock repurchases	-1.88	-1.48	-2.30	-2.71	-2.72	-2.76	-2.85	-1.62	-1.10	-1.25	-1.63	-2.96	-2.89	-2.68	-2.72	-2.71	-2.54	-0.15	-0.28	-0.70	-1.92	-1.77	-0.92	-0.01	-0.14	0.00	-2.94	-2.37	-0.22	-0.25	-1.01	-0.60	-0.18	-1.16	-1.40	-1.88	-1.29	-0.42	-0.41	-0.10	-0.18	-3.65	-1.88	-0.62		-4.30	-0.76	-1.87		-2.40	-1.00	-0.75		-0.41	-0.04	-0.27	0.21	-0.85	-0.64	-1.74	-0.39							0.04	-0.24	-2.87	0.03
Net Debt Issuance	11.65	3.20	-0.46	-0.01	-0.50	7.39	2.47	0.83	1.14	0.78	0.79	6.58	0.94	6.19	5.49	7.92	0.52	4.27	6.12	5.13	0.75	5.82	9.81	4.81	8.14	5.45	6.87	8.99	-2.82	7.35	6.04	5.71	5.60	5.26	5.96	5.36	7.40	4.59	6.54	4.93	5.63	7.52	6.32	4.82	4.89	10.37	6.49	6.04	3.12	6.98	5.71	-1.77	2.77	5.30	3.95	-1.39	4.06	2.00	2.25	-4.80	5.26	0.43	11.69	0.97	4.49	3.80	4.38	2.02	4.62	2.46	4.00	4.18	-3.69	-0.56	-2.87	-0.81	-2.48	0.11	-0.46	-0.82	-1.75

Change in cash	-4.48	1.86	2.92	-0.79	-4.57	-1.84	5.53	-1.53	-3.80	0.83	2.33	-1.11	4.38	-1.35	5.18	-10.18	1.49	5.20	2.16	1.29	-5.63	0.50	3.01	1.35	-6.60	2.66	-1.55	2.61	-5.94	-0.72	1.54	6.74	-3.13	0.02	0.96	0.23	0.56	0.22	2.14	0.63	-0.26	-0.31	0.18	-1.32	-6.61	3.54	2.99	-0.38	0.48	0.28	2.23	-0.64	-0.82	0.95	-0.02	0.59	0.33	-0.32	-0.10	-3.00	1.91	-0.07	-0.23	0.54	2.19	0.13	-0.86	1.94	-0.44	-2.19	-9.56	7.10	1.49	-9.85	4.73	0.28	-1.51	-0.48	1.58	-4.08	0.16