$NVDA Stock Analysis: I help you understand the business behind the stock.
Hi! I'm Penke. You probably look at the $NVDA stock price all the time. But the stock price alone does not tell you how Nvidia is really doing.
I help you understand the important business numbers and trends in simple words, so you can see what is getting stronger, what is getting weaker, and what is changing inside the company.
Combine that with your own view of the future, and you have a much better basis to decide for yourself whether Nvidia is worth risking your hard-earned money on.
I start with the simple picture. Then I show you what is happening underneath it.
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1. Let me give you the quick $NVDA picture first
I do not want you to start with a wall of accounting numbers. I first boil the business down to six questions so you can see where I would look first.
The score is only a shortcut. I do not want you to trust it just because I calculated it. The important part is understanding what is behind it.
My quick read on Nvidia
Based on the numbers I use, the overall business picture looks very strong right now.
The part that stands out most positively to me is Business Growth. The part I would look at most carefully is Valuation Pressure.
That is the short version. Below I show you the six questions I used to get there.
1.1. The six questions I check first
Can the business handle a bad period?
I see enough breathing room here. The company looks able to deal with its bills and debt without much stress.
Does the business earn good profits on the money it uses?
I like what I see here. The business is turning its sales and the money it uses into healthy profits.
Are sales, profit and cash growing?
I can see the business creating more value in the numbers that matter, especially profit and cash.
Is management using the money it keeps well?
I think management is getting a good result from the money it keeps and uses inside the business.
Is each share getting more cash, earnings and value?
I can see more cash and value reaching each share. That matters because you own a share, not the whole company.
Are you paying too much for what you get?
I do not see a clear cheap-or-expensive answer here. The valuation looks roughly in the middle.
1.2. Financial Safety
Can the business handle a bad period?
I see enough breathing room here. The company looks able to deal with its bills and debt without much stress.
Can the company comfortably pay the bills coming up soon?
Yes. The company looks to have enough short-term financial room to deal with the bills coming up.
Could debt put the business in trouble during a bad period?
Probably not. The debt looks manageable based on the numbers I use.
1.3. Profit & Returns
Does the business earn good profits on the money it uses?
I like what I see here. The business is turning its sales and the money it uses into healthy profits.
Does the business earn a good return on the money it uses?
Yes. The business is turning the money and resources it uses into strong profits.
Does the business keep enough of its sales as profit?
Yes. The business keeps a healthy share of its sales as profit.
1.4. Business Growth
Are sales, profit and cash growing?
I can see the business creating more value in the numbers that matter, especially profit and cash.
Is the business getting bigger and turning that into more profit?
Yes. Sales and profit are moving in a direction that suggests the business is making real progress.
Is more of that business progress turning into real cash and value?
Yes. Cash generation and the value built inside the business are moving the right way.
1.5. Use of Money
Is management using the money it keeps well?
I think management is getting a good result from the money it keeps and uses inside the business.
Is management earning enough on the money it keeps and uses?
Yes. The business is turning the money and resources it uses into strong profits.
Did that money actually create more cash and value for each share?
Yes. The result of management's decisions is showing up as more cash, earnings or value for each share.
1.6. Growth Per Share
Is each share getting more cash, earnings and value?
I can see more cash and value reaching each share. That matters because you own a share, not the whole company.
Is each share producing more cash and earnings?
Yes. Each share is earning more over time.
Is the value behind your share getting stronger?
Yes. The value behind each share is growing over time.
1.7. Valuation Pressure
Are you paying too much for what you get?
I do not see a clear cheap-or-expensive answer here. The valuation looks roughly in the middle.
Does the valuation make sense for the growth you are getting?
Not clearly. The business is not showing me a strong growing or shrinking direction.
Where is the valuation compared with my business-value range?
No. The numbers I use give me a negative answer to this question.
Does the price-to-book ratio make sense for the returns the business earns?
No. The numbers I use give me a negative answer to this question.
2. Now let me show you why I came to that conclusion
I gave you the quick picture above. Now I want to show you where it comes from, so you do not have to trust a score just because I made it.
I take the numbers one by one. I explain them in normal words first, show you how they are changing, and then teach you the investing name so you can recognize it anywhere else.
2.1. Financial Safety
Can the business handle a bad period?
I see enough breathing room here. The company looks able to deal with its bills and debt without much stress.
2.1.1. Liquidity
Can the company comfortably pay the bills coming up soon?
Yes. The company looks to have enough short-term financial room to deal with the bills coming up.
2.1.1.1. Current Ratio
Can the company pay the bills coming up soon?
In the latest reported quarter (about 3 months), the company has about $459 it can use soon for every $100 it needs to pay soon.
I compare the things the company can use within about a year with the bills it needs to pay within about a year. For you, this matters because think of it like this: if $100 of bills are coming up, I want to know how much the company has available to deal with them. Not everything counted here is cash, but it gives you a simple short-term safety check.
Investors call this Current Ratio. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 4.589.
Average quarter — last 12 months (TTM): 4.101.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 4.589 | TTM | 4.101 | +0.488 | |
| TTM | 4.101 | TTM_LY | 4.037 | +0.064 | |
| TTM | 4.101 | 5Y | 4.198 | -0.097 | |
| 5Y | 4.198 | 10Y | 5.615 | -1.417 | |
When you look at the chart, 1 is an easy line to remember. Above 1 means the short-term things available are bigger than the short-term bills. I mainly want this to stay healthy and not collapse. Right now it is about the same as the average quarter in the previous 12 months. Right now it is about the same as its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Mixed · Medium confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.1.1.2. Quick Ratio
Can the company pay bills soon without first selling its products?
In the latest reported quarter (about 3 months), the company has about $199 it can use quickly for every $100 it needs to pay soon, without counting products it still needs to sell.
This is a stricter version of the short-term check. I count cash, easy-to-sell investments and money customers still owe, but I leave inventory out. I show you this because products sitting on a shelf may take time to sell. This tells you how much quicker money is available.
Investors call this Quick Ratio. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 1.988.
Average quarter — last 12 months (TTM): 2.180.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 1.988 | TTM | 2.180 | -0.192 | |
| TTM | 2.180 | TTM_LY | 3.858 | -1.678 | |
| TTM | 2.180 | 5Y | 3.649 | -1.469 | |
| 5Y | 3.649 | 10Y | 5.977 | -2.329 | |
When you look at the chart, 1 is an easy line to remember. Above 1 means the quicker money available is bigger than the short-term bills, without counting inventory. Right now the number is worse than the average quarter in the previous 12 months. Right now the number is worse than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Weakening strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.1.2. Debt Safety
Could debt put the business in trouble during a bad period?
Probably not. The debt looks manageable based on the numbers I use.
2.1.2.1. Net Debt to EBITDA
Does the company have a lot of debt compared with what the business earns?
Over the full last 12 months, cash is bigger than debt. The extra cash is about $7 for every $100 of this yearly earning-power measure.
I first subtract cash from debt. If cash is bigger, the answer goes below 0. Then I compare what is left with a rough measure of what the normal business earns in a year. For you, the easy part is the 0 line: below 0 means the company has more cash than debt. Above 0 means debt is still left. Investors use EBITDA for the earnings part; it is profit before interest, tax and some accounting costs.
Investors call this Net Debt to EBITDA. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Average quarter — last 12 months (TTM): -0.073.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| TTM | -0.073 | TTM_LY | -0.520 | +0.447 | |
| TTM | -0.073 | 5Y | -0.288 | +0.215 | |
| 5Y | -0.288 | 10Y | -0.385 | +0.097 | |
When you look at the chart, start with 0. Below 0 means cash is bigger than debt. Above 0 means debt is left. If the line is above 0, I generally want it moving down. If it is below 0, moving farther below 0 means a bigger cash cushion. The company still has more cash than debt, but that cash cushion is smaller than the average quarter in the previous 12 months. The company still has more cash than debt, but that cash cushion is smaller than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Weakening strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.1.2.2. Interest Coverage Ratio
How easily can the company pay the interest on its debt?
Over the full last 12 months, operating profit is about 426.7 times the interest bill.
I compare operating profit with the interest bill. A value of 5 means the normal business makes about five times as much operating profit as it needs for interest. For you, more breathing room is usually better. Around 1 means almost all operating profit is needed just to pay interest.
Investors call this Interest Coverage Ratio. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 280.767.
Average quarter — last 12 months (TTM): 426.737.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 280.767 | TTM | 500.698 | -219.932 | |
| TTM | 500.698 | TTM_LY | 388.665 | +112.033 | |
| TTM | 500.698 | 5Y | 240.078 | +260.621 | |
| 5Y | 240.078 | 10Y | 142.913 | +97.164 | |
When you look at the chart, higher is usually better. It means the business has more operating profit available for the interest bill. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.1.2.3. Debt To Asset Ratio
How much debt is sitting behind what the company owns?
In the latest reported quarter (about 3 months), for every $100 the company owns, about $10 is financed with debt.
I compare borrowed debt with everything the company owns on the balance sheet. For you, this matters because this helps you see how much of the company's asset base is supported by borrowed money. Less debt usually gives the business more breathing room.
Investors call this Debt To Asset Ratio. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 0.104.
Average quarter — last 12 months (TTM): 0.058.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 0.104 | TTM | 0.058 | +0.047 | |
| TTM | 0.058 | TTM_LY | 0.073 | -0.015 | |
| TTM | 0.058 | 5Y | 0.153 | -0.096 | |
| 5Y | 0.153 | 10Y | 0.176 | -0.022 | |
When you look at the chart, lower usually means less debt is sitting behind the company's assets. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · Medium confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.2. Profit & Returns
Does the business earn good profits on the money it uses?
I like what I see here. The business is turning its sales and the money it uses into healthy profits.
2.2.1. Returns on Capital
Does the business earn a good return on the money it uses?
Yes. The business is turning the money and resources it uses into strong profits.
2.2.1.1. Return on Assets
How much profit does the company make from the things it uses?
Over the full last 12 months, for every $100 of assets used in the business, it makes about $81.41 in profit.
That is the 12-month picture. In the table and chart below I keep this return on a quarterly basis, so I can compare one period fairly with another. The average quarter over the last 12 months was 20.4%, while the latest quarter was 18.6%.
I compare profit with all the assets the company uses, such as cash, inventory, buildings and equipment. I want you to see whether the company is getting enough profit from the things tied up in the business.
Investors call this Return on Assets. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 18.6%.
Last 12 months — full-period view (TTM): 81.4%.
Average quarter — last 12 months: 20.4%.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 18.6% | TTM | 20.4% | -1.8% | |
| TTM | 20.4% | TTM_LY | 18.4% | +2.0% | |
| TTM | 20.4% | 5Y | 13.5% | +6.9% | |
| 5Y | 13.5% | 10Y | 9.8% | +3.7% | |
When you look at the chart, I usually want this to stay strong or rise. That means the company is getting more profit from the things it uses. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.2.1.2. Return on Equity
How much profit does the company make from shareholders' money?
Over the full last 12 months, for every $100 that belongs to shareholders, the company makes about $110.11 in profit.
That is the 12-month picture. In the table and chart below I keep this return on a quarterly basis, so I can compare one period fairly with another. The average quarter over the last 12 months was 27.5%, while the latest quarter was 26.1%.
I compare profit with the part of the balance sheet that belongs to shareholders. For you, this matters because this helps you see how efficiently the business uses the owners' money to make profit. I also want you to check debt, because borrowing can make this return look stronger without the business itself becoming stronger.
Investors call this Return on Equity. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 26.1%.
Last 12 months — full-period view (TTM): 110.1%.
Average quarter — last 12 months: 27.5%.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 26.1% | TTM | 27.5% | -1.4% | |
| TTM | 27.5% | TTM_LY | 26.5% | +1.0% | |
| TTM | 27.5% | 5Y | 20.1% | +7.4% | |
| 5Y | 20.1% | 10Y | 14.8% | +5.3% | |
When you look at the chart, I usually want this to stay strong or rise, but I also want you to check debt because borrowing can make this number look better. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.2.1.3. Operating Return on Invested Capital
How much operating profit does the business make from the money tied up in it?
Over the full last 12 months, for every $100 of money invested in the business, it produces about $87.39 of operating profit.
On this site I compare operating profit with shareholder money plus debt, after subtracting cash. I use this to see whether the business earns a good return on the money tied up in it. My version is before tax, so I keep that clear instead of pretending it is the textbook after-tax version.
Investors call this Operating Return on Invested Capital. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 0.203.
Average quarter — last 12 months (TTM): 0.222.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 0.203 | TTM | 0.222 | -0.019 | |
| TTM | 0.222 | TTM_LY | 0.229 | -0.007 | |
| TTM | 0.222 | 5Y | 0.160 | +0.062 | |
| 5Y | 0.160 | 10Y | 0.112 | +0.048 | |
When you look at the chart, I usually want this to stay strong or rise. It means the business is getting more operating profit from the money tied up in it. Right now the number is worse than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving · Medium confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.2.2. Profitability
Does the business keep enough of its sales as profit?
Yes. The business keeps a healthy share of its sales as profit.
2.2.2.1. Operating Margin
Out of every $100 of sales, how much is left after running the business?
Over the full last 12 months, for every $100 of sales, about $65.21 is left after the normal costs of running the business.
I compare operating profit with sales. This is the money left after the normal costs of running the business, before interest and taxes. I show you this because it tells you whether the core business itself is profitable.
Investors call this Operating Margin. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 66.2%.
Average quarter — last 12 months (TTM): 65.2%.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 66.2% | TTM | 65.0% | +1.2% | |
| TTM | 65.0% | TTM_LY | 58.3% | +6.7% | |
| TTM | 65.0% | 5Y | 47.8% | +17.2% | |
| 5Y | 47.8% | 10Y | 38.1% | +9.7% | |
When you look at the chart, I usually want this to stay strong or rise. That means more of each $100 of sales is left after running the business. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.2.2.2. Net Profit Margin
Out of every $100 of sales, how much profit is left?
Over the full last 12 months, for every $100 of sales, about $63.66 is left as profit.
I compare the final profit with sales. It tells you how much of every $100 customers spend is still left after all the costs. For you, this is a quick way to see whether the business keeps a healthy part of the money it brings in.
Investors call this Net Profit Margin. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 62.0%.
Average quarter — last 12 months (TTM): 63.7%.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 62.0% | TTM | 63.1% | -1.1% | |
| TTM | 63.1% | TTM_LY | 52.6% | +10.5% | |
| TTM | 63.1% | 5Y | 44.7% | +18.4% | |
| 5Y | 44.7% | 10Y | 37.1% | +7.6% | |
When you look at the chart, I usually want this to stay strong or rise. That means more of every $100 of sales is ending up as profit. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.3. Business Growth
Are sales, profit and cash growing?
I can see the business creating more value in the numbers that matter, especially profit and cash.
2.3.1. Business Progress
Is the business getting bigger and turning that into more profit?
Yes. Sales and profit are moving in a direction that suggests the business is making real progress.
2.3.1.1. Total Revenue
How much money are customers spending with the company?
Over the full last 12 months, about $303.0B came in from customers before costs were taken out.
I start with sales. This is the money customers pay the company before any costs are taken away. I show you this because every business needs money coming in first. But sales alone are not enough; I also want you to see whether that money turns into profit and cash.
Investors call this Total Revenue. I use the real name below too, so you can learn it while I explain what it actually means.
To judge the growth here, I look at the last 2Y/5Y/10Y. On average, this number changed by 58.1% per year. That tells you the speed of the growth, while the money numbers below show you the size of the business.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): $96.2B.
Last 12 months — full-period view (TTM): $303.0B.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | $96.2B | TTM | $75.7B | +$20.5B | |
| TTM | $75.7B | TTM_LY | $41.3B | +$34.4B | |
| TTM | $75.7B | 5Y | $31.3B | +$44.4B | |
| 5Y | $31.3B | 10Y | $17.3B | +$14.0B | |
When you look at the chart, I want you to see whether sales are growing over time. Then check that profit and free cash flow are growing with them too. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.3.1.2. Net Income
After all the bills are paid, how much profit is left?
Over the full last 12 months, after all costs, about $192.9B was left as profit.
I start with the money the company earns and subtract its costs, interest, taxes and other expenses. What is left is the final reported profit or loss. For you, this matters because this matters to you because growing sales are much less useful when little profit is left at the end.
Investors call this Net Income. I use the real name below too, so you can learn it while I explain what it actually means.
To judge the growth here, I look at the last 2Y/5Y/10Y. On average, this number changed by 72.1% per year. That tells you the speed of the growth, while the money numbers below show you the size of the business.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): $59.7B.
Last 12 months — full-period view (TTM): $192.9B.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | $59.7B | TTM | $48.2B | +$11.5B | |
| TTM | $48.2B | TTM_LY | $21.6B | +$26.6B | |
| TTM | $48.2B | 5Y | $17.5B | +$30.7B | |
| 5Y | $17.5B | 10Y | $9.3B | +$8.3B | |
When you look at the chart, I usually want profit to rise over time. A falling line tells you less is being left after all the costs. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.3.2. Cash & Value Creation
Is more of that business progress turning into real cash and value?
Yes. Cash generation and the value built inside the business are moving the right way.
2.3.2.1. Free Cash Flow
How much cash is really left for the company to use?
Over the full last 12 months, after running and investing in the business, about $215.3B was left in cash.
I start with the cash the normal business brings in. Then I subtract the cash spent on long-term things the business needs, such as equipment, factories, stores or data centers. What is left is free cash flow. For you, this matters because that leftover cash gives the company choices. It can grow the business, pay down debt, buy back shares, pay you a dividend or simply keep the cash for a bad year.
Investors call this Free Cash Flow. I use the real name below too, so you can learn it while I explain what it actually means.
To judge the growth here, I look at the last 2Y/5Y/10Y. On average, this number changed by 52.6% per year. That tells you the speed of the growth, while the money numbers below show you the size of the business.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): $70.0B.
Last 12 months — full-period view (TTM): $215.3B.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | $70.0B | TTM | $53.8B | +$16.2B | |
| TTM | $53.8B | TTM_LY | $31.7B | +$22.1B | |
| TTM | $53.8B | 5Y | $24.2B | +$29.6B | |
| 5Y | $24.2B | 10Y | $14.0B | +$10.2B | |
When you look at the chart, I usually want free cash flow to rise over time. More cash left gives the company more choices and gives you a stronger business behind your shares. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.3.2.2. Book Value
What would be left for shareholders on the balance sheet?
In the latest reported quarter (about 3 months), after subtracting what the company owes, about $229.0B belongs to shareholders on the balance sheet.
I take everything the company owns on the balance sheet and subtract everything it owes. What is left belongs to shareholders on paper. I use this as one view of the financial base behind your shares. It is especially useful for businesses that own a lot of real assets.
Investors call this Book Value. I use the real name below too, so you can learn it while I explain what it actually means.
To judge the growth here, I look at the last 2Y/5Y/10Y. On average, this number changed by 65.2% per year. That tells you the speed of the growth, while the money numbers below show you the size of the business.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): $229.0B.
Average quarter — last 12 months (TTM): $175.2B.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | $229.0B | TTM | $175.2B | +$53.8B | |
| TTM | $175.2B | TTM_LY | $82.3B | +$92.9B | |
| TTM | $175.2B | 5Y | $70.5B | +$104.7B | |
| 5Y | $70.5B | 10Y | $40.6B | +$29.9B | |
When you look at the chart, I usually like to see the value left for shareholders grow over time. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.4. Use of Money
Is management using the money it keeps well?
I think management is getting a good result from the money it keeps and uses inside the business.
2.4.1. Return on the Money Used
Is management earning enough on the money it keeps and uses?
Yes. The business is turning the money and resources it uses into strong profits.
I compare what the business earns on the money it uses with the return that money could reasonably earn elsewhere. I judge the result, not whether management chose a dividend, buyback, debt repayment or reinvestment.
2.4.1.1. Operating Return on Invested Capital
How much operating profit does the business make from the money tied up in it?
Over the full last 12 months, for every $100 of money invested in the business, it produces about $22.19 of operating profit.
On this site I compare operating profit with shareholder money plus debt, after subtracting cash. I use this to see whether the business earns a good return on the money tied up in it. My version is before tax, so I keep that clear instead of pretending it is the textbook after-tax version.
Investors call this Operating Return on Invested Capital. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 0.203.
Average quarter — last 12 months (TTM): 0.222.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 0.203 | TTM | 0.222 | -0.019 | |
| TTM | 0.222 | TTM_LY | 0.229 | -0.007 | |
| TTM | 0.222 | 5Y | 0.160 | +0.062 | |
| 5Y | 0.160 | 10Y | 0.112 | +0.048 | |
When you look at the chart, I usually want this to stay strong or rise. It means the business is getting more operating profit from the money tied up in it. Right now the number is worse than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving · Medium confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.4.2. What Reached Each Share
Did that money actually create more cash and value for each share?
Yes. The result of management's decisions is showing up as more cash, earnings or value for each share.
2.4.2.1. Free Cash Flow per Share
How much free cash flow belongs to each share?
Over the full last 12 months, about 8.866 of cash was left for each share.
I take the cash left after running the business and paying for long-term needs, then divide it by the shares used for that report. I want you to see whether the cash behind your ownership piece is growing over time.
Investors call this Free Cash Flow per Share. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 2.893.
Last 12 months — full-period view (TTM): 8.866.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 2.893 | TTM | 2.216 | +0.677 | |
| TTM | 2.216 | TTM_LY | 1.295 | +0.922 | |
| TTM | 2.216 | 5Y | 1.250 | +0.967 | |
| 5Y | 1.250 | 10Y | 1.591 | -0.341 | |
When you look at the chart, I usually want this to rise because it means more free cash flow is being created for each share. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.4.2.2. Earnings per Share
How much profit is being made for each share?
Over the full last 12 months, the company produced about 7.944 of profit per share.
I take the company's profit and divide it by the shares used for that report. For you, this matters because this matters to you because total profit can rise while your part does not if the company keeps creating more shares.
Investors call this Earnings per Share. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 2.467.
Last 12 months — full-period view (TTM): 7.944.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 2.467 | TTM | 1.986 | +0.481 | |
| TTM | 1.986 | TTM_LY | 0.885 | +1.101 | |
| TTM | 1.986 | 5Y | 0.907 | +1.079 | |
| 5Y | 0.907 | 10Y | 1.007 | -0.100 | |
When you look at the chart, I usually want this to rise because it means more profit is being created for each share. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.4.2.3. Book Value per Share
How much balance-sheet value is behind each share?
Over the full last 12 months, about 7.215 of balance-sheet value belongs to each share.
I take the shareholders' value on the balance sheet and divide it by the shares used for that report. For you, this matters because this helps you see whether the accounting value behind each ownership piece is growing or shrinking.
Investors call this Book Value per Share. I use the real name below too, so you can learn it while I explain what it actually means.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 9.466.
Average quarter — last 12 months (TTM): 7.215.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 9.466 | TTM | 7.215 | +2.251 | |
| TTM | 7.215 | TTM_LY | 3.364 | +3.851 | |
| TTM | 7.215 | 5Y | 5.527 | +1.688 | |
| 5Y | 5.527 | 10Y | 8.626 | -3.099 | |
When you look at the chart, I usually want this to rise because it means more balance-sheet value is building behind each share. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving · Medium confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.5. Growth Per Share
Is each share getting more cash, earnings and value?
I can see more cash and value reaching each share. That matters because you own a share, not the whole company.
2.5.1. Cash & Earnings Per Share
Is each share producing more cash and earnings?
Yes. Each share is earning more over time.
2.5.1.1. Free Cash Flow per Share
How much free cash flow belongs to each share?
Over the full last 12 months, about 8.866 of cash was left for each share.
I take the cash left after running the business and paying for long-term needs, then divide it by the shares used for that report. I want you to see whether the cash behind your ownership piece is growing over time.
Investors call this Free Cash Flow per Share. I use the real name below too, so you can learn it while I explain what it actually means.
To judge the growth here, I look at the last 2Y/5Y/10Y. On average, this number changed by 38.5% per year. That tells you the speed of the growth, while the money numbers below show you the size of the business.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 2.893.
Last 12 months — full-period view (TTM): 8.866.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 2.893 | TTM | 2.216 | +0.677 | |
| TTM | 2.216 | TTM_LY | 1.295 | +0.922 | |
| TTM | 2.216 | 5Y | 1.250 | +0.967 | |
| 5Y | 1.250 | 10Y | 1.591 | -0.341 | |
When you look at the chart, I usually want this to rise because it means more free cash flow is being created for each share. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.5.1.2. Earnings per Share
How much profit is being made for each share?
Over the full last 12 months, the company produced about 7.944 of profit per share.
I take the company's profit and divide it by the shares used for that report. For you, this matters because this matters to you because total profit can rise while your part does not if the company keeps creating more shares.
Investors call this Earnings per Share. I use the real name below too, so you can learn it while I explain what it actually means.
To judge the growth here, I look at the last 2Y/5Y/10Y. On average, this number changed by 54.6% per year. That tells you the speed of the growth, while the money numbers below show you the size of the business.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 2.467.
Last 12 months — full-period view (TTM): 7.944.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 2.467 | TTM | 1.986 | +0.481 | |
| TTM | 1.986 | TTM_LY | 0.885 | +1.101 | |
| TTM | 1.986 | 5Y | 0.907 | +1.079 | |
| 5Y | 0.907 | 10Y | 1.007 | -0.100 | |
When you look at the chart, I usually want this to rise because it means more profit is being created for each share. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.5.2. Your Slice of the Business
Is the value behind your share getting stronger?
Yes. The value behind each share is growing over time.
2.5.2.1. Book Value per Share
How much balance-sheet value is behind each share?
Over the full last 12 months, about 7.215 of balance-sheet value belongs to each share.
I take the shareholders' value on the balance sheet and divide it by the shares used for that report. For you, this matters because this helps you see whether the accounting value behind each ownership piece is growing or shrinking.
Investors call this Book Value per Share. I use the real name below too, so you can learn it while I explain what it actually means.
To judge the growth here, I look at the last 2Y/5Y/10Y. On average, this number changed by 42.2% per year. That tells you the speed of the growth, while the money numbers below show you the size of the business.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): 9.466.
Average quarter — last 12 months (TTM): 7.215.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 9.466 | TTM | 7.215 | +2.251 | |
| TTM | 7.215 | TTM_LY | 3.364 | +3.851 | |
| TTM | 7.215 | 5Y | 5.527 | +1.688 | |
| 5Y | 5.527 | 10Y | 8.626 | -3.099 | |
When you look at the chart, I usually want this to rise because it means more balance-sheet value is building behind each share. Right now the number is better than the average quarter in the previous 12 months. Right now the number is better than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Improving · Medium confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
2.5.2.2. Shares Outstanding
How many pieces is the company divided into?
In the latest reported quarter (about 3 months), the company is divided into about $24.2B shares.
A share is one small ownership piece of the company. This number tells you how many of those pieces exist. I want you to watch this because if the company keeps creating new shares, your own piece can become smaller. Investors call that dilution.
Investors call this Shares Outstanding. I use the real name below too, so you can learn it while I explain what it actually means.
To judge the growth here, I look at the last 2Y/5Y/10Y. On average, this number changed by 2,419,000,000,000.0% per year. That tells you the speed of the growth, while the money numbers below show you the size of the business.
These are the numbers behind what I just told you:
Latest quarter — about 3 months (MRQ): $24.2B.
Average quarter — last 12 months (TTM): $24.3B.
How I compare the periods: MRQ is the latest quarter. TTM is the average quarter over the last 12 months, TTM_LY is the average quarter over the previous 12 months, and 5Y/10Y are the average quarters over those longer periods. I keep them on the same quarterly basis so you are comparing like with like.
| Current period | Compared to | +/- | |||
|---|---|---|---|---|---|
| MRQ | 24,190,000,000.000 | TTM | 24,290,500,000.000 | -100,500,000.000 | |
| TTM | 24,290,500,000.000 | TTM_LY | 24,473,750,000.000 | -183,250,000.000 | |
| TTM | 24,290,500,000.000 | 5Y | 17,908,650,000.000 | +6,381,850,000.000 | |
| 5Y | 17,908,650,000.000 | 10Y | 9,533,300,000.000 | +8,375,350,000.000 | |
When you look at the chart, I usually prefer this line to stay flat or fall. If it keeps rising, your piece of the company can become smaller. Right now it is about the same as the average quarter in the previous 12 months. Right now the number is worse than its average quarter over the last 5 years.
The chart stays on the same quarterly basis as the table. I show you the 2Y line for the recent direction. The 5Y and 10Y lines move more slowly, so you can quickly see whether the recent move is also part of the bigger picture.
Why I call this Weakening strongly · High confidence
I also lower confidence when the underlying reported numbers are erratic or when there is not enough history.
3. What could the business itself be worth?
I do not start with a stock-price target. I start with the cash your share can produce, look at whether that cash is getting stronger or weaker, and then ask what those future dollars are worth to me today.
My basic idea is simple
You put money into a share because you expect to get more value back later. So I ask three things: how much could come back, when could it come back, and how sure am I?
I cannot know the future exactly. I want you to see every important assumption I make, so you can decide whether it makes sense to you.
1. I start with the cash the business is producing now
Free cash flow is the cash left after the business has paid what it needs to run and invest in itself. I first look at the whole business, then I value the part that belongs to each share.
When I put the current number next to its 2-year, 5-year and 10-year averages, I read the cash-flow trend as Improving strongly with high confidence. That tells me how much faith I should put in the direction, not what percentage I should blindly project forever.
I do not let one unusually strong year decide the whole valuation, but I also do not drag today's business back to what it looked like five or ten years ago. I blend the latest 12 months with the recent 2-year normal equally.
2. Then I use Consensio to judge where that cash is going
This is the part I borrowed from the way I look at moving averages. I compare the current business with its 2-year, 5-year and 10-year normal, compare those averages with each other, and check whether the lines themselves are rising or falling.
All three valuation views start from the same business today. What changes is how much of the recent growth I am willing to carry into the future.
| My view | Trend I use | What the MA trend says | Growth I allow in year 1 | Growth by the final year |
|---|---|---|---|---|
| Recent view | 2Y moving average | 52.0% | 18.3% | 2.5% |
| The Recent view trend is very high. I can see that strength in the business, but I do not assume the same percentage can keep compounding unchanged as the company gets larger. So I start at 18.3% instead of carrying the full 52.0% forward. | ||||
| Balanced view | 5Y moving average | 20.8% | 13.8% | 2.5% |
| The Balanced view trend is very high. I can see that strength in the business, but I do not assume the same percentage can keep compounding unchanged as the company gets larger. So I start at 13.8% instead of carrying the full 20.8% forward. | ||||
| Long-term view | 10Y moving average | 10.5% | 9.3% | 2.5% |
| The Long-term view trend is very high. I can see that strength in the business, but I do not assume the same percentage can keep compounding unchanged as the company gets larger. So I start at 9.3% instead of carrying the full 10.5% forward. | ||||
The moving averages do the direction work. My guardrails only stop an extreme historical percentage from becoming an extreme promise about the next ten years. When confidence is low, I also carry less of an extreme move forward, whether that move is positive or negative.
3. I make growth harder as the business gets bigger
Growing from 1 to 2 is easier than growing from 100 to 200. At the same percentage, every next step needs many more real dollars of extra cash.
So even when the 2-year, 5-year and 10-year lines all point strongly upward, I let high growth fade instead of pretending the current percentage can last forever.
For this calculation, my mature growth reference is 2.5%. I do not force a weak trend upward to that number, and I do not magically turn a negative trend positive.
4. I project the cash year by year
Now you can see exactly what I am assuming. I do not want the important part of the calculation hidden behind one final number.
| Year | Recent view | Balanced view | Long-term view |
|---|---|---|---|
| 1 | $9.40 18.3% growth | $9.04 13.8% growth | $8.68 9.3% growth |
| 2 | $10.96 16.6% growth | $10.17 12.5% growth | $9.42 8.5% growth |
| 3 | $12.58 14.8% growth | $11.32 11.3% growth | $10.15 7.8% growth |
| 4 | $14.22 13.0% growth | $12.46 10.0% growth | $10.87 7.0% growth |
| 5 | $15.82 11.3% growth | $13.55 8.8% growth | $11.55 6.3% growth |
| 6 | $17.33 9.5% growth | $14.57 7.5% growth | $12.18 5.5% growth |
| 7 | $18.68 7.8% growth | $15.49 6.3% growth | $12.76 4.8% growth |
| 8 | $19.80 6.0% growth | $16.26 5.0% growth | $13.28 4.0% growth |
| 9 | $20.65 4.3% growth | $16.87 3.8% growth | $13.71 3.3% growth |
| 10 | $21.16 2.5% growth | $17.29 2.5% growth | $14.05 2.5% growth |
5. I bring future money back to today
A dollar years from now is not worth the same as a dollar today. You can also lend your money, lose purchasing power to inflation, or use that money somewhere else. So I require a return before I call future cash valuable today.
6. I add what the business could still be worth after my forecast
The business hopefully does not disappear after year 10. I therefore add a continuing-business value. I keep this assumption visible because it can have a big effect on the answer.
I will not use more than 12.0x the final projected free cash flow. If my required return and the ending growth rate point to a lower continuing value, I use the lower number.
| View | Multiple I use | First 10 years of cash | Continuing business | Total value |
|---|---|---|---|---|
| Recent view | 12.0x | $88.90 | $91.73 | $180.63 |
| Balanced view | 12.0x | $76.94 | $74.96 | $151.90 |
| Long-term view | 12.0x | $66.49 | $60.90 | $127.38 |
7. This gives me my intrinsic value range
I keep the range in my head, not one magic number. If the business changes, this range should change too.
One more check: current earning power
I do not let one model do all my thinking. Here I ask what today's profit power could be worth if it stayed around that level. I keep this separate from the cash-flow valuation above.
| View | Earnings / share | Value / share |
|---|---|---|
| 10Y earnings per share | $4.03 | $37.58 |
| 3Y earnings per share | $4.55 | $42.40 |
| TTM earnings per share | $7.94 | $74.11 |
What I want you to take away: I start with the business that exists today, use its own 2-year, 5-year and 10-year trends to judge what might come next, make high percentage growth harder as the company becomes larger, and discount future cash because your money always has another use.
4. What Price Range Makes Sense?
After inspecting the business itself, the next question is simple: what price would make sense under your valuation assumptions?
How calm investors use this section:
- First inspect business survival, quality, business value, capital allocation, and share value
- Then compare price with profit (P/E), cash left after running the business (P/FCF), and net assets (P/B)
- Then compare the range with the live market price yourself
This is not a trading signal and not a price prediction. It is a valuation exercise that helps you think through reasonable price ranges before emotion, hype, or ticker movement takes over.
What are you willing to pay?
These are common valuation shortcuts. I explain the idea first and keep the investor term next to it so you learn both.
This is called the Price to Earnings.
This is called the Price to Cash Flow.
This is called the Price to Book.
| Price per Share | Market Value | Enterprise Value | Price vs. profit Price to Earnings | Price vs. cash left Price to Cash Flow | Price vs. net assets Price to Book | Whole-company price vs. sales Enterprise Value to Sales |
|---|---|---|---|---|---|---|
| Get started by filling in the "Price from" and "Price to" fields. | ||||||
5. Early Warning Signs Before They Cost You Money
Early warning signs and strengths based purely on reported financial data
Fundamental stock analysis covering revenue growth, profitability, cash flow, balance sheet risk, and financial consistency.
➖ Short-term safety buffer
The company has 4.59 in short-term assets for every dollar it owes soon. Historically, this was closer to 4.2. Lower levels are watched more closely in tough times.
➖ Debt load
Debt compared to the company’s own capital is 0.15, versus 0.26 on average. Rising debt is something investors usually keep an eye on.
➖ Core profit level
After running the business, about 66.2% of sales remains as profit. Over time, this was closer to 47.8%.
➖ Use of invested money
The company earns about 26.1% on the money shareholders put in. In the past, this was around 20.1%.
➖ What to watch next
Next quarter, watch whether sales keep growing and whether profit levels stabilize.
6. A few other trends I have not shown you yet
I already showed you the trends that drive my six main checks. I only put the remaining useful charts here, so you do not have to scroll through the same story twice.
7. The Raw Calculations Behind The $NVDA Check
| Metric | 2026-07-26 | 2026-04-26 | 2026-01-25 | 2025-10-26 | 2025-07-27 | 2025-04-27 | 2025-01-26 | 2024-10-27 | 2024-07-28 | 2024-04-28 | 2024-01-28 | 2023-10-29 | 2023-07-30 | 2023-04-30 | 2023-01-29 | 2022-10-30 | 2022-07-31 | 2022-05-01 | 2022-01-30 | 2021-10-31 | 2021-08-01 | 2021-05-02 | 2021-01-31 | 2020-10-25 | 2020-07-26 | 2020-04-26 | 2020-01-26 | 2019-10-27 | 2019-07-28 | 2019-04-28 | 2019-01-27 | 2018-10-28 | 2018-07-29 | 2018-04-29 | 2018-01-28 | 2017-10-29 | 2017-07-30 | 2017-04-30 | 2017-01-29 | 2016-10-30 | 2015-10-25 | 2015-07-26 | 2015-04-26 | 2015-01-25 | 2014-10-26 | 2014-07-27 | 2014-04-27 | 2014-01-26 | 2013-10-27 | 2013-07-28 | 2013-04-28 | 2013-01-27 | 2012-10-28 | 2012-07-29 | 2012-04-29 | 2012-01-29 | 2011-10-30 | 2011-07-31 | 2011-05-01 | 2011-01-30 | 2010-10-31 | 2010-08-01 | 2010-05-02 | 2010-01-31 | 2009-10-25 | 2009-07-26 | 2009-01-25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Core | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shares Outstanding | 24.19 B | 24.29 B | 24.36 B | 24.33 B | 24.37 B | 24.44 B | 24.56 B | 24.53 B | 24.58 B | 24.62 B | 24.69 B | 24.68 B | 24.73 B | 2.47 B | 24.87 B | 2.48 B | 2.50 B | 2.51 B | 2.50 B | 2.50 B | 2.49 B | 2.48 B | 2.47 B | 2.47 B | 2.46 B | 0.61 B | 2.44 B | 0.61 B | 0.61 B | 0.61 B | 0.61 B | 0.61 B | 0.61 B | 0.61 B | 0.60 B | 0.60 B | 0.60 B | 0.59 B | 0.54 B | 0.54 B | 0.54 B | 0.54 B | 0.55 B | 0.55 B | 0.55 B | 0.56 B | 0.56 B | 0.59 B | 0.58 B | 0.59 B | 0.62 B | 0.62 B | 0.62 B | 0.62 B | 0.62 B | 0.60 B | 0.61 B | 0.60 B | 0.59 B | 0.58 B | 0.58 B | 0.00 B | 0.00 B | 0.55 B | 0.00 B | 0.00 B | 0.00 B |
| Total Revenue | 96,221,000,000 | 81,615,000,000 | 68,127,000,000 | 57,006,000,000 | 46,743,000,000 | 44,062,000,000 | 39,331,000,000 | 35,082,000,000 | 30,040,000,000 | 26,044,000,000 | 22,103,000,000 | 18,120,000,000 | 13,507,000,000 | 7,192,000,000 | 6,051,000,000 | 5,931,000,000 | 6,704,000,000 | 8,288,000,000 | 7,643,000,000 | 7,103,000,000 | 6,507,000,000 | 5,661,000,000 | 5,003,000,000 | 4,726,000,000 | 3,866,000,000 | 3,080,000,000 | 3,105,000,000 | 3,014,000,000 | 2,579,000,000 | 2,220,000,000 | 2,205,000,000 | 3,181,000,000 | 3,123,000,000 | 3,207,000,000 | 2,911,000,000 | 2,636,000,000 | 2,230,000,000 | 1,937,000,000 | 2,173,000,000 | 2,004,000,000 | 1,305,000,000 | 1,153,000,000 | 1,151,000,000 | 1,251,000,000 | 1,225,000,000 | 1,103,000,000 | 1,103,000,000 | 1,144,218,000 | 1,053,967,000 | 977,238,000 | 954,739,000 | 1,106,902,000 | 1,204,110,000 | 1,044,270,000 | 924,877,000 | 953,194,000 | 1,066,180,000 | 1,016,517,000 | 962,039,000 | 325,067,000 | 843,912,000 | 811,208,000 | 1,001,813,000 | 982,488,000 | 903,206,000 | 776,520,000 | 3,424,859,000 |
| Net Income | 59,688,000,000 | 58,321,000,000 | 42,960,000,000 | 31,910,000,000 | 26,422,000,000 | 18,775,000,000 | 22,091,000,000 | 19,309,000,000 | 16,599,000,000 | 14,881,000,000 | 12,286,000,000 | 9,243,000,000 | 6,188,000,000 | 2,043,000,000 | 1,414,000,000 | 680,000,000 | 656,000,000 | 1,618,000,000 | 3,002,000,000 | 2,464,000,000 | 2,374,000,000 | 1,912,000,000 | 1,457,000,000 | 1,336,000,000 | 622,000,000 | 917,000,000 | 950,000,000 | 899,000,000 | 552,000,000 | 394,000,000 | 567,000,000 | 1,230,000,000 | 1,101,000,000 | 1,244,000,000 | 1,118,000,000 | 838,000,000 | 583,000,000 | 507,000,000 | 655,000,000 | 542,000,000 | 246,000,000 | 26,000,000 | 134,000,000 | 193,000,000 | 173,000,000 | 128,000,000 | 137,000,000 | 146,917,000 | 118,734,000 | 96,448,000 | 77,891,000 | 173,973,000 | 209,080,000 | 119,046,000 | 60,437,000 | 116,025,000 | 178,273,000 | 151,573,000 | 135,219,000 | 613,882,000 | 84,862,000 | -140,961,000 | 137,594,000 | 330,139,000 | 107,577,000 | -105,302,000 | -768,505,000 |
| Free Cash Flow | 69,987,000,000 | 48,587,000,000 | 34,904,000,000 | 61,772,000,000 | 39,657,000,000 | 26,187,000,000 | 15,552,000,000 | 45,301,000,000 | 28,487,000,000 | 14,976,000,000 | 11,245,000,000 | 15,776,000,000 | 8,722,000,000 | 2,663,000,000 | 1,739,000,000 | 2,069,000,000 | - | - | 2,760,000,000 | 5,372,000,000 | 4,075,000,000 | 1,576,000,000 | - | 2,910,000,000 | 2,104,000,000 | 754,000,000 | - | 2,952,000,000 | 1,415,000,000 | 592,000,000 | - | 2,448,000,000 | 2,111,000,000 | 1,327,000,000 | - | 1,967,000,000 | 879,000,000 | 228,000,000 | - | 826,000,000 | 593,000,000 | 355,000,000 | 216,000,000 | - | 372,000,000 | 195,000,000 | 122,000,000 | - | 245,622,000 | 121,466,000 | 109,983,000 | - | 237,612,000 | 100,811,000 | -38,131,000 | 365,336,000 | 405,085,000 | 199,703,000 | 141,005,000 | - | - | - | - | - | - | - | - |
| Dividends Paid | 6,000,000,000 | 243,000,000 | 242,000,000 | 732,000,000 | 244,000,000 | 244,000,000 | 589,000,000 | 245,000,000 | 246,000,000 | 98,000,000 | 296,000,000 | 99,000,000 | 99,000,000 | 99,000,000 | 298,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 299,000,000 | 100,000,000 | 100,000,000 | 99,000,000 | 296,000,000 | 99,000,000 | 99,000,000 | 98,000,000 | 292,000,000 | 98,000,000 | 97,000,000 | 97,000,000 | 280,000,000 | 91,000,000 | 91,000,000 | 91,000,000 | 257,000,000 | 84,000,000 | 84,000,000 | 82,000,000 | 200,000,000 | 61,000,000 | 53,000,000 | 52,000,000 | 46,000,000 | 139,900,000 | 46,100,000 | 47,400,000 | 47,000,000 | 47,993,000 | 133,007,000 | 89,610,000 | 46,267,000 | 46,866,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Assets | 320,272,000,000 | 259,474,000,000 | 206,803,000,000 | 161,148,000,000 | 140,740,000,000 | 125,254,000,000 | 111,601,000,000 | 96,013,000,000 | 85,227,000,000 | 77,072,000,000 | 65,728,000,000 | 54,148,000,000 | 49,555,000,000 | 44,460,000,000 | 41,182,000,000 | 40,488,000,000 | 43,476,000,000 | 45,212,000,000 | 44,187,000,000 | 40,632,000,000 | 38,650,000,000 | 30,796,000,000 | 28,791,000,000 | 26,881,000,000 | 25,180,000,000 | 23,254,000,000 | 17,315,000,000 | 15,810,000,000 | 14,775,000,000 | 14,021,000,000 | 13,292,000,000 | 13,657,000,000 | 12,882,000,000 | 11,460,000,000 | 11,241,000,000 | 9,830,000,000 | 9,402,000,000 | 9,410,000,000 | 9,841,000,000 | 9,612,000,000 | 7,174,000,000 | 6,979,000,000 | 7,291,000,000 | 7,201,000,000 | 6,885,869,000 | 6,933,719,000 | 6,864,663,000 | 7,250,894,000 | 5,711,373,000 | 5,569,592,000 | 6,279,527,000 | 6,412,245,000 | 6,075,144,000 | 5,891,881,000 | 5,708,167,000 | 5,552,928,000 | 5,089,043,000 | 4,864,424,000 | 4,736,744,000 | 4,495,246,000 | 3,915,579,000 | 3,731,268,000 | 3,803,030,000 | 3,585,918,000 | 3,463,574,000 | 3,298,409,000 | 3,350,727,000 |
| Total Liabilities | 91,288,000,000 | 64,000,000,000 | 49,510,000,000 | 42,251,000,000 | 40,609,000,000 | 41,411,000,000 | 32,274,000,000 | 30,114,000,000 | 27,070,000,000 | 27,930,000,000 | 22,750,000,000 | 20,883,000,000 | 22,054,000,000 | 19,940,000,000 | 19,081,000,000 | 19,139,000,000 | 19,625,000,000 | 18,892,000,000 | 17,575,000,000 | 16,834,000,000 | 17,503,000,000 | 12,022,000,000 | 11,898,000,000 | 11,547,000,000 | 11,266,000,000 | 10,155,000,000 | 5,111,000,000 | 4,596,000,000 | 4,439,000,000 | 4,317,000,000 | 3,950,000,000 | 4,182,000,000 | 4,087,000,000 | 3,743,000,000 | 3,770,000,000 | 3,477,000,000 | 3,427,000,000 | 3,271,000,000 | 4,048,000,000 | 4,243,000,000 | 2,709,000,000 | 2,794,000,000 | 2,735,000,000 | 2,783,000,000 | 2,681,276,000 | 2,628,933,000 | 2,697,678,000 | 2,794,496,000 | 1,390,726,000 | 1,397,419,000 | 1,454,591,000 | 1,584,542,000 | 1,352,298,000 | 1,438,216,000 | 1,420,739,000 | 1,407,204,000 | 1,115,593,000 | 1,174,955,000 | 1,288,936,000 | 1,313,784,000 | 1,017,699,000 | 970,754,000 | 942,385,000 | 920,778,000 | 1,039,939,000 | 1,051,000,000 | 956,075,000 |
| Total Equity | 228,984,000,000 | 195,474,000,000 | 157,293,000,000 | 118,897,000,000 | 100,131,000,000 | 83,843,000,000 | 79,327,000,000 | 65,899,000,000 | 58,157,000,000 | 49,142,000,000 | 42,978,000,000 | 33,265,000,000 | 27,501,000,000 | 24,520,000,000 | 22,101,000,000 | 21,349,000,000 | 23,851,000,000 | 26,320,000,000 | 26,612,000,000 | 23,798,000,000 | 21,147,000,000 | 18,774,000,000 | 16,893,000,000 | 15,334,000,000 | 13,914,000,000 | 13,099,000,000 | 12,204,000,000 | 11,214,000,000 | 10,336,000,000 | 9,704,000,000 | 9,342,000,000 | 9,475,000,000 | 8,795,000,000 | 7,717,000,000 | 7,471,000,000 | 6,352,000,000 | 5,973,000,000 | 6,132,000,000 | 5,762,000,000 | 5,324,000,000 | 4,465,000,000 | 4,185,000,000 | 4,556,000,000 | 4,418,000,000 | 4,204,593,000 | 4,304,786,000 | 4,166,985,000 | 4,456,398,000 | 4,320,647,000 | 4,172,173,000 | 4,824,936,000 | 4,827,703,000 | 4,722,846,000 | 4,453,665,000 | 4,287,428,000 | 4,145,724,000 | 3,973,450,000 | 3,689,469,000 | 3,447,808,000 | 3,181,462,000 | 2,897,880,000 | 2,760,514,000 | 2,860,645,000 | 2,665,140,000 | 2,423,635,000 | 2,247,409,000 | 2,394,652,000 |
| Book Value | 228,984,000,000 | 195,474,000,000 | 157,293,000,000 | 118,897,000,000 | 100,131,000,000 | 83,843,000,000 | 79,327,000,000 | 65,899,000,000 | 58,157,000,000 | 49,142,000,000 | 42,978,000,000 | 33,265,000,000 | 27,501,000,000 | 24,520,000,000 | 22,101,000,000 | 21,349,000,000 | 23,851,000,000 | 26,320,000,000 | 26,612,000,000 | 23,798,000,000 | 21,147,000,000 | 18,774,000,000 | 16,893,000,000 | 15,334,000,000 | 13,914,000,000 | 13,099,000,000 | 12,204,000,000 | 11,214,000,000 | 10,336,000,000 | 9,704,000,000 | 9,342,000,000 | 9,475,000,000 | 8,795,000,000 | 7,717,000,000 | 7,471,000,000 | 6,352,000,000 | 5,973,000,000 | 6,132,000,000 | 5,762,000,000 | 5,324,000,000 | 4,465,000,000 | 4,185,000,000 | 4,556,000,000 | 4,418,000,000 | 4,204,593,000 | 4,304,786,000 | 4,166,985,000 | 4,456,398,000 | 4,320,647,000 | 4,172,173,000 | 4,824,936,000 | 4,827,703,000 | 4,722,846,000 | 4,453,665,000 | 4,287,428,000 | 4,145,724,000 | 3,973,450,000 | 3,689,469,000 | 3,447,808,000 | 3,181,462,000 | 2,897,880,000 | 2,760,514,000 | 2,860,645,000 | 2,665,140,000 | 2,423,635,000 | 2,247,409,000 | 2,394,652,000 |
| Cash And Short Term Investments | 22,443,000,000 | 13,237,000,000 | 10,605,000,000 | 70,307,000,000 | 68,142,000,000 | 68,621,000,000 | 51,076,000,000 | 47,384,000,000 | 42,948,000,000 | 38,689,000,000 | 33,004,000,000 | 23,583,000,000 | 21,631,000,000 | 20,150,000,000 | 16,444,000,000 | 15,632,000,000 | 19,606,000,000 | 23,849,000,000 | 22,903,000,000 | 20,327,000,000 | 24,991,000,000 | 13,357,000,000 | 12,198,000,000 | 12,147,000,000 | 14,031,000,000 | 31,693,000,000 | 21,677,000,000 | 19,422,000,000 | 15,477,000,000 | 10,463,000,000 | 8,106,000,000 | 8,193,000,000 | 8,426,000,000 | 7,860,000,000 | 10,897,000,000 | 8,929,000,000 | 7,540,000,000 | 6,247,000,000 | 7,234,000,000 | 7,311,000,000 | 4,824,000,000 | 4,541,000,000 | 4,910,000,000 | 4,918,000,000 | 4,389,892,000 | 4,638,343,000 | 4,557,605,000 | 5,244,648,000 | 3,143,712,000 | 3,106,778,000 | 3,764,301,000 | 4,030,049,000 | 3,535,799,000 | 3,386,457,000 | 3,249,905,000 | 3,544,142,000 | 2,897,401,000 | 2,663,689,000 | 3,237,087,000 | 2,841,350,000 | 2,180,839,000 | 1,970,932,000 | 1,764,896,000 | 2,040,194,000 | 1,634,079,000 | 1,466,105,000 | 1,255,390,000 |
| Per Share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings per Share | $2.47 | $2.40 | $1.76 | $1.31 | $1.08 | $0.77 | $0.90 | $0.79 | $0.68 | $0.60 | $0.50 | $0.37 | $0.25 | $0.83 | $0.06 | $0.27 | $0.26 | $0.65 | $1.20 | $0.99 | $0.95 | $0.77 | $0.59 | $0.54 | $0.25 | $1.49 | $0.39 | $1.47 | $0.91 | $0.65 | $0.93 | $2.02 | $1.81 | $2.05 | $1.87 | $1.39 | $0.98 | $0.86 | $1.21 | $1.01 | $0.45 | $0.05 | $0.24 | $0.35 | $0.32 | $0.23 | $0.25 | $0.25 | $0.20 | $0.16 | $0.13 | $0.28 | $0.34 | $0.19 | $0.10 | $0.19 | $0.29 | $0.25 | $0.23 | $1.07 | $0.15 | $-246.11 | $242.59 | $0.60 | $195.14 | $-192.64 | $-1,402.06 |
| Earnings Per Current Share | $2.48 | $2.42 | $1.78 | $1.32 | $1.10 | $0.78 | $0.92 | $0.80 | $0.69 | $0.62 | $0.51 | $0.38 | $0.26 | $0.08 | $0.06 | $0.03 | $0.03 | $0.07 | $0.12 | $0.10 | $0.10 | $0.08 | $0.06 | $0.06 | $0.03 | $0.04 | $0.04 | $0.04 | $0.02 | $0.02 | $0.02 | $0.05 | $0.05 | $0.05 | $0.05 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.03 | $0.00 | $-0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $-0.03 |
| Free Cash Flow per Share | $2.89 | $2.00 | $1.43 | $2.54 | $1.63 | $1.07 | $0.63 | $1.85 | $1.16 | $0.61 | $0.46 | $0.64 | $0.35 | $1.08 | $0.07 | $0.83 | - | - | $1.11 | $2.15 | $1.63 | $0.63 | - | $1.18 | $0.85 | $1.23 | - | $4.84 | $2.32 | $0.98 | - | $4.02 | $3.48 | $2.19 | - | $3.26 | $1.47 | $0.39 | - | $1.54 | $1.09 | $0.66 | $0.39 | - | $0.68 | $0.35 | $0.22 | - | $0.42 | $0.21 | $0.18 | - | $0.38 | $0.16 | $-0.06 | $0.61 | $0.67 | $0.33 | $0.24 | - | - | - | - | - | - | - | - |
| Free Cash Flow Per Current Share | $2.90 | $2.02 | $1.45 | $2.56 | $1.65 | $1.09 | $0.65 | $1.88 | $1.18 | $0.62 | $0.47 | $0.65 | $0.36 | $0.11 | $0.07 | $0.09 | - | - | $0.11 | $0.22 | $0.17 | $0.07 | - | $0.12 | $0.09 | $0.03 | - | $0.12 | $0.06 | $0.02 | - | $0.10 | $0.09 | $0.06 | - | $0.08 | $0.04 | $0.01 | - | $0.03 | $0.02 | $0.01 | $0.01 | - | $0.02 | $0.01 | $0.01 | - | $0.01 | $0.01 | $0.00 | - | $0.01 | $0.00 | $0.00 | $0.02 | $0.02 | $0.01 | $0.01 | - | - | - | - | - | - | - | - |
| Dividend per Share | $0.25 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.01 | $0.04 | $0.04 | $0.04 | $0.12 | $0.04 | $0.04 | $0.04 | $0.12 | $0.04 | $0.04 | $0.16 | $0.12 | $0.16 | $0.16 | $0.16 | $0.46 | $0.15 | $0.15 | $0.15 | $0.43 | $0.14 | $0.14 | $0.14 | $0.37 | $0.11 | $0.10 | $0.10 | $0.08 | $0.25 | $0.08 | $0.08 | $0.08 | $0.08 | $0.23 | $0.15 | $0.08 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Dividend Per Current Share | $0.25 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Book Value per Share | $9.47 | $8.05 | $6.46 | $4.89 | $4.11 | $3.43 | $3.23 | $2.69 | $2.37 | $2.00 | $1.74 | $1.35 | $1.11 | $9.93 | $0.89 | $8.60 | $9.56 | $10.50 | $10.66 | $9.52 | $8.48 | $7.56 | $6.85 | $6.20 | $5.65 | $21.33 | $5.00 | $18.38 | $16.97 | $15.99 | $15.37 | $15.56 | $14.49 | $12.73 | $12.47 | $10.53 | $10.01 | $10.36 | $10.65 | $9.90 | $8.24 | $7.74 | $8.30 | $8.00 | $7.67 | $7.71 | $7.45 | $7.58 | $7.44 | $7.13 | $7.82 | $7.80 | $7.59 | $7.19 | $6.96 | $6.87 | $6.55 | $6.14 | $5.80 | $5.53 | $5.02 | $4,819.64 | $5,043.60 | $4.85 | $4,396.35 | $4,111.32 | $4,368.80 |
| Book Value Per Current Share | $9.50 | $8.11 | $6.53 | $4.93 | $4.15 | $3.48 | $3.29 | $2.73 | $2.41 | $2.04 | $1.78 | $1.38 | $1.14 | $1.02 | $0.92 | $0.89 | $0.99 | $1.09 | $1.10 | $0.99 | $0.88 | $0.78 | $0.70 | $0.64 | $0.58 | $0.54 | $0.51 | $0.47 | $0.43 | $0.40 | $0.39 | $0.39 | $0.36 | $0.32 | $0.31 | $0.26 | $0.25 | $0.25 | $0.24 | $0.22 | $0.19 | $0.17 | $0.19 | $0.18 | $0.17 | $0.18 | $0.17 | $0.18 | $0.18 | $0.17 | $0.20 | $0.20 | $0.20 | $0.18 | $0.18 | $0.17 | $0.16 | $0.15 | $0.14 | $0.13 | $0.12 | $0.11 | $0.12 | $0.11 | $0.10 | $0.09 | $0.10 |
| Margins | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Profit Margin | 74.98% | 74.93% | 75.00% | 73.41% | 72.42% | 60.52% | 73.03% | 74.56% | 75.15% | 78.35% | 75.97% | 73.95% | 70.05% | 64.63% | 63.34% | 53.57% | 43.48% | 65.53% | 65.42% | 65.20% | 64.78% | 64.11% | 63.10% | 62.63% | 58.85% | 65.06% | 64.90% | 63.57% | 59.75% | 58.38% | 54.74% | 60.39% | 63.24% | 64.48% | 61.87% | 59.52% | 58.39% | 59.37% | 59.96% | 59.03% | 56.25% | 54.99% | 56.73% | 55.88% | 55.18% | 56.12% | 54.76% | 54.12% | 55.45% | 55.82% | 54.32% | 52.90% | 52.87% | 51.78% | 50.10% | 51.41% | 52.22% | 51.67% | 50.36% | 188.85% | 46.46% | 16.55% | 45.56% | 44.65% | 43.38% | 20.18% | 34.29% |
| Operating Margin | 66.24% | 65.60% | 65.02% | 63.17% | 60.84% | 49.11% | 61.10% | 62.34% | 62.06% | 64.92% | 61.60% | 57.49% | 50.34% | 29.76% | 20.76% | 10.13% | 7.44% | 22.54% | 38.86% | 37.60% | 37.56% | 34.55% | 30.12% | 29.58% | 16.84% | 31.69% | 31.88% | 30.76% | 22.14% | 16.13% | 13.33% | 33.26% | 37.05% | 40.38% | 36.86% | 33.95% | 30.85% | 28.60% | -0.14% | 31.89% | 18.77% | 6.59% | 15.29% | 18.55% | 17.39% | 14.78% | 13.69% | 14.57% | 13.38% | 10.80% | 8.67% | 16.58% | 20.95% | 13.37% | 7.87% | 12.83% | 18.49% | 17.12% | 16.10% | 137.85% | 12.30% | -21.60% | 14.71% | 13.67% | 11.94% | -14.18% | -23.61% |
| Net Profit Margin | 62.03% | 71.46% | 63.06% | 55.98% | 56.53% | 42.61% | 56.17% | 55.04% | 55.26% | 57.14% | 55.59% | 51.01% | 45.81% | 28.41% | 23.37% | 11.47% | 9.79% | 19.52% | 39.28% | 34.69% | 36.48% | 33.77% | 29.12% | 28.27% | 16.09% | 29.77% | 30.60% | 29.83% | 21.40% | 17.75% | 25.71% | 38.67% | 35.25% | 38.79% | 38.41% | 31.79% | 26.14% | 26.17% | 30.14% | 27.05% | 18.85% | 2.25% | 11.64% | 15.43% | 14.12% | 11.60% | 12.42% | 12.84% | 11.27% | 9.87% | 8.16% | 15.72% | 17.36% | 11.40% | 6.53% | 12.17% | 16.72% | 14.91% | 14.06% | 188.85% | 10.06% | -17.38% | 13.73% | 33.60% | 11.91% | -13.56% | -22.44% |
| Free Cash Flow Margin | 72.74% | 59.53% | 51.23% | 108.36% | 84.84% | 59.43% | 39.54% | 129.13% | 94.83% | 57.50% | 50.88% | 87.06% | 64.57% | 37.03% | 28.74% | 34.88% | - | - | 36.11% | 75.63% | 62.62% | 27.84% | - | 61.57% | 54.42% | 24.48% | - | 97.94% | 54.87% | 26.67% | - | 76.96% | 67.60% | 41.38% | - | 74.62% | 39.42% | 11.77% | - | 41.22% | 45.44% | 30.79% | 18.77% | - | 30.37% | 17.68% | 11.06% | - | 23.30% | 12.43% | 11.52% | - | 19.73% | 9.65% | -4.12% | 38.33% | 37.99% | 19.65% | 14.66% | - | - | - | - | - | - | - | - |
| Ratios | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Ratio | 458.89% | 344.08% | 390.53% | 446.76% | 421.40% | 338.84% | 443.99% | 410.46% | 426.90% | 352.95% | 417.13% | 358.84% | 278.66% | 342.74% | 351.56% | 338.77% | 362.05% | 531.73% | 665.03% | 714.45% | 580.17% | 452.72% | 409.04% | 392.29% | 609.17% | 1,029.11% | 767.38% | 842.03% | 864.92% | 898.48% | 794.36% | 708.08% | 740.83% | 854.25% | 802.69% | 825.61% | 781.98% | 825.64% | 477.40% | 407.01% | 682.34% | 599.15% | 660.48% | 637.61% | 571.91% | 619.02% | 587.32% | 594.90% | 410.76% | 419.18% | 497.70% | 489.16% | 446.34% | 412.33% | 425.60% | 419.95% | 394.74% | 345.47% | 356.39% | 342.32% | 343.88% | 324.24% | 356.33% | 316.28% | 265.27% | 243.22% | 278.45% |
| Quick Ratio | 198.75% | 122.93% | 152.57% | 397.69% | 395.56% | 341.92% | 410.82% | 394.91% | 408.62% | 335.37% | 404.51% | 350.42% | 277.69% | 333.75% | 308.87% | 299.64% | 329.10% | 526.56% | 635.59% | 672.23% | 642.47% | 409.12% | 372.66% | 400.46% | 668.67% | 1,765.63% | 1,307.96% | 1,415.39% | 1,293.70% | 989.43% | 717.08% | 647.51% | 690.01% | 820.98% | 1,054.81% | 983.06% | 848.16% | 734.79% | 450.78% | 399.02% | 626.90% | 540.06% | 607.59% | 601.79% | 530.38% | 587.98% | 551.71% | 599.79% | 364.26% | 376.68% | 444.19% | 459.35% | 401.54% | 374.94% | 386.43% | 417.25% | 368.64% | 321.11% | 364.90% | 338.41% | 316.03% | 288.95% | 299.83% | 307.91% | 228.61% | 203.97% | 202.14% |
| Debt To Asset Ratio | 10.42% | 3.26% | 4.09% | 5.25% | 6.02% | 6.76% | 7.58% | 8.81% | 9.93% | 12.60% | 14.77% | 17.92% | 19.58% | 24.64% | 26.60% | 27.05% | 25.18% | 24.21% | 24.77% | 26.93% | 30.90% | 22.61% | 24.18% | 25.90% | 27.64% | 29.93% | 11.50% | 12.59% | 13.46% | 14.18% | 14.96% | 14.55% | 15.42% | 17.33% | 17.66% | 20.19% | 21.10% | 21.08% | 20.15% | 20.62% | 19.60% | 20.05% | 19.08% | 19.22% | 20.00% | 19.76% | 19.86% | 18.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Debt to Equity | 14.57% | 4.33% | 5.38% | 7.12% | 8.45% | 10.10% | 10.67% | 12.84% | 14.55% | 19.76% | 22.59% | 29.18% | 35.29% | 44.67% | 49.56% | 51.29% | 45.91% | 41.59% | 41.13% | 45.99% | 56.48% | 37.09% | 41.22% | 45.40% | 50.02% | 53.13% | 16.31% | 17.75% | 19.24% | 20.49% | 21.28% | 20.97% | 22.59% | 25.74% | 26.57% | 31.25% | 33.22% | 32.35% | 34.42% | 37.23% | 31.49% | 33.43% | 30.53% | 31.33% | 32.76% | 31.83% | 32.72% | 30.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Returns | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Return on Assets | 18.64% | 22.48% | 20.77% | 19.80% | 18.77% | 14.99% | 19.79% | 20.11% | 19.48% | 19.31% | 18.69% | 17.07% | 12.49% | 4.60% | 3.43% | 1.68% | 1.51% | 3.58% | 6.79% | 6.06% | 6.14% | 6.21% | 5.06% | 4.97% | 2.47% | 3.94% | 5.49% | 5.69% | 3.74% | 2.81% | 4.27% | 9.01% | 8.55% | 10.86% | 9.95% | 8.52% | 6.20% | 5.39% | 6.66% | 5.64% | 3.43% | 0.37% | 1.84% | 2.68% | 2.51% | 1.85% | 2.00% | 2.03% | 2.08% | 1.73% | 1.24% | 2.71% | 3.44% | 2.02% | 1.06% | 2.09% | 3.50% | 3.12% | 2.85% | 13.66% | 2.17% | -3.78% | 3.62% | 9.21% | 3.11% | -3.19% | -22.94% |
| Return on Equity | 26.07% | 29.84% | 27.31% | 26.84% | 26.39% | 22.39% | 27.85% | 29.30% | 28.54% | 30.28% | 28.59% | 27.79% | 22.50% | 8.33% | 6.40% | 3.19% | 2.75% | 6.15% | 11.28% | 10.35% | 11.23% | 10.18% | 8.62% | 8.71% | 4.47% | 7.00% | 7.78% | 8.02% | 5.34% | 4.06% | 6.07% | 12.98% | 12.52% | 16.12% | 14.96% | 13.19% | 9.76% | 8.27% | 11.37% | 10.18% | 5.51% | 0.62% | 2.94% | 4.37% | 4.11% | 2.97% | 3.29% | 3.30% | 2.75% | 2.31% | 1.61% | 3.60% | 4.43% | 2.67% | 1.41% | 2.80% | 4.49% | 4.11% | 3.92% | 19.30% | 2.93% | -5.11% | 4.81% | 12.39% | 4.44% | -4.69% | -32.09% |
8. Your $NVDA Investor Edge: Raw Data + AI + Your Own Brain
You get Penke’s AI-structured dataset for Nvidia.
You ask the questions. You test the assumptions. You decide.
Penke’s data + AI + your judgment
Use the AI prompts per pain point to structure your analysis.
* The AI structure is continuously improved. If something feels unclear or incomplete, email me or message me on Discord — I’ll fix it. 🥸 Penke
9. Reversals in quarterly reports
I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.
| 2025-07-27 | 2025-10-26 | 2026-01-25 | 2026-04-26 | 2026-07-26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Net Debt | -59,676,000,000 | -2,164,000,000 | -61,840,000,000 | 59,703,000,000 | -2,137,000,000 | -2,630,000,000 | -4,767,000,000 | 15,690,000,000 | 10,923,000,000 | |
| Net Debt to Earnings | -2.092 | 0.379 | -1.713 | 1.665 | -0.048 | -0.041 | -0.089 | 0.259 | 0.171 |
10. Financial Reports
10.1. Balance Sheet
Showing financial position from 2008-01-27 to 2026-07-26.
| 2026-07-26 | 2026-04-26 | 2026-01-25 | 2025-10-26 | 2025-07-27 | 2025-04-27 | 2025-01-26 | 2024-10-27 | 2024-07-28 | 2024-04-28 | 2024-01-28 | 2023-10-29 | 2023-07-30 | 2023-04-30 | 2023-01-29 | 2022-10-30 | 2022-07-31 | 2022-05-01 | 2022-01-30 | 2021-10-31 | 2021-08-01 | 2021-05-02 | 2021-01-31 | 2020-10-25 | 2020-07-26 | 2020-04-26 | 2020-01-26 | 2019-10-27 | 2019-07-28 | 2019-04-28 | 2019-01-28 | 2019-01-27 | 2018-10-28 | 2018-07-29 | 2018-04-29 | 2018-01-28 | 2017-10-29 | 2017-07-30 | 2017-04-30 | 2017-01-29 | 2016-10-30 | 2016-07-31 | 2016-05-01 | 2016-01-31 | 2015-10-25 | 2015-07-26 | 2015-04-26 | 2015-01-25 | 2014-10-26 | 2014-07-27 | 2014-04-27 | 2014-01-26 | 2013-10-27 | 2013-07-28 | 2013-04-28 | 2013-01-27 | 2012-10-28 | 2012-07-29 | 2012-04-29 | 2012-01-29 | 2011-10-30 | 2011-07-31 | 2011-05-01 | 2011-01-30 | 2010-10-31 | 2010-08-01 | 2010-07-31 | 2010-05-02 | 2010-01-31 | 2009-10-25 | 2009-07-26 | 2009-04-26 | 2009-01-25 | 2008-10-26 | 2008-07-27 | 2008-01-27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 320,272,000,000 | 259,474,000,000 | 206,803,000,000 | 161,148,000,000 | 140,740,000,000 | 125,254,000,000 | 111,601,000,000 | 96,013,000,000 | 85,227,000,000 | 77,072,000,000 | 65,728,000,000 | 54,148,000,000 | 49,555,000,000 | 44,460,000,000 | 41,182,000,000 | 40,488,000,000 | 43,476,000,000 | 45,212,000,000 | 44,187,000,000 | 40,632,000,000 | 38,650,000,000 | 30,796,000,000 | 28,791,000,000 | 26,881,000,000 | 25,180,000,000 | 23,254,000,000 | 17,315,000,000 | 15,810,000,000 | 14,775,000,000 | 14,021,000,000 | 0 | 13,292,000,000 | 13,657,000,000 | 12,882,000,000 | 11,460,000,000 | 11,241,000,000 | 9,830,000,000 | 9,402,000,000 | 9,410,000,000 | 9,841,000,000 | 9,612,000,000 | 7,461,000,000 | 7,108,000,000 | 7,370,000,000 | 7,174,000,000 | 6,979,000,000 | 7,291,000,000 | 7,201,000,000 | 6,885,869,000 | 6,933,719,000 | 6,864,663,000 | 7,250,894,000 | 5,711,373,000 | 5,569,592,000 | 6,279,527,000 | 6,412,245,000 | 6,075,144,000 | 5,891,881,000 | 5,708,167,000 | 5,552,928,000 | 5,089,043,000 | 4,864,424,000 | 4,736,744,000 | 4,495,246,000 | 3,915,579,000 | 3,731,268,000 | 0 | 3,803,030,000 | 3,585,918,000 | 3,463,574,000 | 3,298,409,000 | 0 | 3,350,727,000 | 0 | 0 | 0 |
| Current | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 197,412,000,000 | 150,995,000,000 | 125,605,000,000 | 116,492,000,000 | 102,219,000,000 | 89,935,000,000 | 80,126,000,000 | 67,640,000,000 | 59,633,000,000 | 53,729,000,000 | 44,345,000,000 | 32,658,000,000 | 28,797,000,000 | 24,883,000,000 | 23,073,000,000 | 23,223,000,000 | 27,418,000,000 | 29,575,000,000 | 28,829,000,000 | 25,806,000,000 | 25,806,000,000 | 18,127,000,000 | 16,055,000,000 | 14,393,000,000 | 14,681,000,000 | 19,584,000,000 | 13,690,000,000 | 12,420,000,000 | 11,391,000,000 | 10,629,000,000 | 0 | 10,557,000,000 | 11,386,000,000 | 10,831,000,000 | 9,448,000,000 | 9,255,000,000 | 8,479,000,000 | 8,070,000,000 | 8,116,000,000 | 8,536,000,000 | 8,307,000,000 | 6,156,000,000 | 5,790,000,000 | 6,053,000,000 | 5,834,000,000 | 5,608,000,000 | 5,832,000,000 | 5,713,000,000 | 5,341,109,000 | 5,377,586,000 | 5,273,798,000 | 5,624,711,000 | 4,049,841,000 | 3,922,608,000 | 4,606,616,000 | 4,775,258,000 | 4,424,827,000 | 4,213,851,000 | 4,032,116,000 | 3,905,358,000 | 3,500,071,000 | 3,317,557,000 | 3,496,763,000 | 3,226,950,000 | 2,807,702,000 | 2,655,962,000 | 0 | 2,726,980,000 | 2,480,830,000 | 2,357,716,000 | 2,167,905,000 | 512,274,000 | 2,167,958,000 | 461,253,000 | 719,143,000 | 726,969,000 |
| Cash | 22,443,000,000 | 13,237,000,000 | 10,605,000,000 | 11,486,000,000 | 11,639,000,000 | 15,234,000,000 | 8,589,000,000 | 9,107,000,000 | 8,563,000,000 | 7,587,000,000 | 7,280,000,000 | 5,519,000,000 | 5,783,000,000 | 5,079,000,000 | 3,389,000,000 | 2,800,000,000 | 3,013,000,000 | 3,887,000,000 | 1,990,000,000 | 1,288,000,000 | 5,628,000,000 | 978,000,000 | 847,000,000 | 2,251,000,000 | 3,274,000,000 | 15,494,000,000 | 10,896,000,000 | 9,765,000,000 | 7,105,000,000 | 2,772,000,000 | 0 | 782,000,000 | 721,000,000 | 718,000,000 | 765,000,000 | 4,002,000,000 | 2,802,000,000 | 1,988,000,000 | 1,989,000,000 | 1,766,000,000 | 1,940,000,000 | 426,000,000 | 547,000,000 | 596,000,000 | 471,000,000 | 435,000,000 | 464,000,000 | 497,000,000 | 395,000,000 | 515,000,000 | 509,000,000 | 1,152,000,000 | 562,084,000 | 591,321,000 | 561,423,000 | 732,786,000 | 525,388,000 | 499,618,000 | 369,135,000 | 667,876,000 | 566,816,000 | 532,614,000 | 683,633,000 | 665,361,000 | 451,174,000 | 377,003,000 | 0 | 447,262,000 | 447,221,000 | 614,490,000 | 523,785,000 | 512,274,000 | 417,688,000 | 461,253,000 | 719,143,000 | 726,969,000 |
| Cash Equivalents | 0 | 0 | 0 | 9,699,000,000 | 11,351,000,000 | 14,930,000,000 | 7,866,000,000 | 8,897,000,000 | 8,148,000,000 | 7,251,000,000 | 7,020,000,000 | 5,302,000,000 | 5,608,000,000 | 4,830,000,000 | 3,148,000,000 | 2,489,000,000 | 2,569,000,000 | 3,511,000,000 | 1,695,000,000 | 1,029,000,000 | 5,337,000,000 | 690,000,000 | 637,000,000 | 2,008,000,000 | 3,050,000,000 | 15,339,000,000 | 10,780,000,000 | 9,653,000,000 | 7,002,000,000 | 2,661,000,000 | 0 | 684,000,000 | 602,000,000 | 483,000,000 | 560,000,000 | 3,789,000,000 | 2,609,000,000 | 1,663,000,000 | 41,000,000 | 436,000,000 | 640,000,000 | 57,000,000 | 34,000,000 | 232,000,000 | 96,000,000 | 36,000,000 | 118,000,000 | 295,000,000 | 148,778,000 | 252,381,000 | 209,953,000 | 572,425,000 | 110,758,000 | 170,885,000 | 50,950,000 | 302,166,000 | 101,027,000 | 108,357,000 | 119,093,000 | 414,566,000 | 149,047,000 | 189,193,000 | 510,546,000 | 350,787,000 | 193,619,000 | 198,432,000 | 0 | 0 | 311,967,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Investments | 0 | 0 | 0 | 49,122,000,000 | 45,152,000,000 | 38,457,000,000 | 34,621,000,000 | 29,380,000,000 | 26,237,000,000 | 23,851,000,000 | 18,704,000,000 | 12,762,000,000 | 10,240,000,000 | 10,241,000,000 | 9,907,000,000 | 10,343,000,000 | 14,024,000,000 | 16,451,000,000 | 19,218,000,000 | 18,010,000,000 | 14,026,000,000 | 11,689,000,000 | 10,714,000,000 | 7,888,000,000 | 7,707,000,000 | 860,000,000 | 1,000,000 | 4,000,000 | 1,370,000,000 | 5,030,000,000 | 0 | 6,640,000,000 | 6,870,000,000 | 7,225,000,000 | 6,535,000,000 | 3,106,000,000 | 3,518,000,000 | 3,889,000,000 | 4,217,000,000 | 5,032,000,000 | 4,731,000,000 | 4,453,000,000 | 4,207,000,000 | 4,441,000,000 | 4,257,000,000 | 4,070,000,000 | 4,328,000,000 | 4,126,000,000 | 3,846,114,000 | 3,870,962,000 | 3,838,652,000 | 3,520,223,000 | 2,470,870,000 | 2,344,572,000 | 3,151,928,000 | 2,995,097,000 | 2,909,384,000 | 2,778,482,000 | 2,761,677,000 | 2,461,700,000 | 2,181,538,000 | 1,941,882,000 | 2,042,908,000 | 1,825,202,000 | 1,536,046,000 | 1,395,497,000 | 0 | 1,317,634,000 | 1,281,006,000 | 1,019,589,000 | 942,320,000 | 0 | 837,702,000 | 0 | 0 | 0 |
| Accounts Receivable | 63,059,000,000 | 40,710,000,000 | 38,466,000,000 | 33,391,000,000 | 27,808,000,000 | 22,132,000,000 | 23,065,000,000 | 17,693,000,000 | 14,132,000,000 | 12,365,000,000 | 9,999,000,000 | 8,309,000,000 | 7,066,000,000 | 4,080,000,000 | 3,827,000,000 | 4,908,000,000 | 5,317,000,000 | 5,438,000,000 | 4,650,000,000 | 3,954,000,000 | 3,586,000,000 | 3,024,000,000 | 2,429,000,000 | 2,546,000,000 | 2,084,000,000 | 1,907,000,000 | 1,657,000,000 | 1,455,000,000 | 1,561,000,000 | 1,242,000,000 | 0 | 1,424,000,000 | 2,219,000,000 | 1,662,000,000 | 1,220,000,000 | 1,265,000,000 | 1,167,000,000 | 1,213,000,000 | 976,000,000 | 826,000,000 | 833,000,000 | 644,000,000 | 523,000,000 | 505,000,000 | 536,000,000 | 514,000,000 | 455,000,000 | 474,000,000 | 563,400,000 | 469,625,000 | 396,438,000 | 426,357,000 | 447,631,000 | 418,123,000 | 346,998,000 | 454,252,000 | 444,944,000 | 445,312,000 | 411,155,000 | 336,143,000 | 371,261,000 | 419,944,000 | 343,202,000 | 348,770,000 | 399,502,000 | 395,934,000 | 0 | 529,663,000 | 374,963,000 | 397,820,000 | 351,960,000 | 0 | 318,435,000 | 0 | 0 | 0 |
| Inventory | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 31,575,000,000 | 25,797,000,000 | 21,403,000,000 | 19,784,000,000 | 14,962,000,000 | 11,333,000,000 | 10,080,000,000 | 7,654,000,000 | 6,675,000,000 | 5,864,000,000 | 5,282,000,000 | 4,779,000,000 | 4,319,000,000 | 4,611,000,000 | 5,159,000,000 | 4,454,000,000 | 3,889,000,000 | 3,163,000,000 | 2,605,000,000 | 2,233,000,000 | 2,114,000,000 | 1,992,000,000 | 1,826,000,000 | 1,495,000,000 | 1,401,000,000 | 1,128,000,000 | 979,000,000 | 1,047,000,000 | 1,204,000,000 | 1,426,000,000 | 0 | 1,575,000,000 | 1,417,000,000 | 1,090,000,000 | 797,000,000 | 796,000,000 | 857,000,000 | 855,000,000 | 821,000,000 | 794,000,000 | 679,000,000 | 521,000,000 | 394,000,000 | 418,000,000 | 425,000,000 | 441,000,000 | 438,000,000 | 483,000,000 | 408,081,000 | 387,434,000 | 393,280,000 | 387,765,000 | 380,319,000 | 378,280,000 | 377,597,000 | 412,467,000 | 428,983,000 | 387,185,000 | 342,707,000 | 340,297,000 | 319,602,000 | 361,911,000 | 380,964,000 | 345,525,000 | 377,812,000 | 434,227,000 | 0 | 388,139,000 | 330,674,000 | 277,643,000 | 279,216,000 | 0 | 537,834,000 | 0 | 0 | 0 |
| Inventory Finished Goods | 6,857,000,000 | 9,201,000,000 | 8,774,000,000 | 6,840,000,000 | 8,708,000,000 | 3,469,000,000 | 3,273,000,000 | 2,927,000,000 | 2,669,000,000 | 2,248,000,000 | 2,058,000,000 | 1,778,000,000 | 1,629,000,000 | 1,872,000,000 | 2,263,000,000 | 1,730,000,000 | 1,588,000,000 | 1,372,000,000 | 1,122,000,000 | 940,000,000 | 736,000,000 | 754,000,000 | 737,000,000 | 660,000,000 | 565,000,000 | 500,000,000 | 465,000,000 | 527,000,000 | 639,000,000 | 753,000,000 | 0 | 724,000,000 | 524,000,000 | 403,000,000 | 329,000,000 | 377,000,000 | 403,000,000 | 352,000,000 | 309,000,000 | 366,000,000 | 273,000,000 | 245,000,000 | 165,000,000 | 210,000,000 | 217,000,000 | 195,000,000 | 214,000,000 | 234,000,000 | 200,644,000 | 175,348,000 | 165,740,000 | 166,025,000 | 164,280,000 | 193,852,000 | 183,342,000 | 187,125,000 | 250,415,000 | 217,729,000 | 151,339,000 | 192,436,000 | 191,357,000 | 210,061,000 | 210,718,000 | 204,947,000 | 221,538,000 | 253,661,000 | 0 | 0 | 186,237,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Raw Materials | 11,341,000,000 | 6,647,000,000 | 3,807,000,000 | 4,209,000,000 | 1,843,000,000 | 2,525,000,000 | 3,408,000,000 | 1,846,000,000 | 1,895,000,000 | 1,991,000,000 | 1,719,000,000 | 1,663,000,000 | 1,632,000,000 | 1,809,000,000 | 2,430,000,000 | 1,936,000,000 | 1,534,000,000 | 1,119,000,000 | 791,000,000 | 755,000,000 | 825,000,000 | 734,000,000 | 632,000,000 | 455,000,000 | 320,000,000 | 341,000,000 | 249,000,000 | 255,000,000 | 362,000,000 | 484,000,000 | 0 | 613,000,000 | 634,000,000 | 421,000,000 | 214,000,000 | 227,000,000 | 219,000,000 | 294,000,000 | 375,000,000 | 252,000,000 | 203,000,000 | 133,000,000 | 124,000,000 | 105,000,000 | 117,000,000 | 139,000,000 | 151,000,000 | 157,000,000 | 128,588,000 | 126,191,000 | 143,773,000 | 126,896,000 | 138,205,000 | 119,491,000 | 136,533,000 | 157,990,000 | 107,241,000 | 87,117,000 | 108,589,000 | 84,927,000 | 69,447,000 | 76,584,000 | 125,346,000 | 67,880,000 | 94,877,000 | 138,826,000 | 0 | 0 | 76,935,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Parts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory WIP | 13,377,000,000 | 9,949,000,000 | 8,822,000,000 | 8,735,000,000 | 4,411,000,000 | 5,339,000,000 | 3,399,000,000 | 2,881,000,000 | 2,111,000,000 | 1,625,000,000 | 1,505,000,000 | 1,338,000,000 | 1,058,000,000 | 930,000,000 | 466,000,000 | 788,000,000 | 767,000,000 | 672,000,000 | 692,000,000 | 538,000,000 | 553,000,000 | 504,000,000 | 457,000,000 | 380,000,000 | 516,000,000 | 287,000,000 | 265,000,000 | 265,000,000 | 203,000,000 | 189,000,000 | 0 | 238,000,000 | 259,000,000 | 266,000,000 | 254,000,000 | 192,000,000 | 235,000,000 | 209,000,000 | 137,000,000 | 176,000,000 | 203,000,000 | 143,000,000 | 105,000,000 | 103,000,000 | 91,000,000 | 107,000,000 | 73,000,000 | 92,000,000 | 78,849,000 | 85,895,000 | 83,767,000 | 94,844,000 | 77,834,000 | 64,937,000 | 57,722,000 | 67,352,000 | 71,327,000 | 82,339,000 | 82,779,000 | 62,934,000 | 58,798,000 | 75,266,000 | 44,900,000 | 72,698,000 | 61,397,000 | 41,740,000 | 0 | 0 | 67,502,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Prepaid Expenses | 3,409,000,000 | 3,916,000,000 | 3,180,000,000 | 2,709,000,000 | 2,658,000,000 | 2,779,000,000 | 3,771,000,000 | 3,806,000,000 | 4,026,000,000 | 4,062,000,000 | 3,080,000,000 | 1,289,000,000 | 1,389,000,000 | 872,000,000 | 791,000,000 | 718,000,000 | 1,175,000,000 | 636,000,000 | 366,000,000 | 321,000,000 | 452,000,000 | 444,000,000 | 239,000,000 | 213,000,000 | 215,000,000 | 195,000,000 | 157,000,000 | 149,000,000 | 151,000,000 | 159,000,000 | 0 | 136,000,000 | 159,000,000 | 136,000,000 | 131,000,000 | 86,000,000 | 135,000,000 | 125,000,000 | 113,000,000 | 118,000,000 | 124,000,000 | 112,000,000 | 119,000,000 | 93,000,000 | 93,000,000 | 89,000,000 | 89,000,000 | 70,000,000 | 67,333,000 | 67,776,000 | 71,067,000 | 70,285,000 | 81,701,000 | 81,876,000 | 62,334,000 | 76,920,000 | 66,197,000 | 53,323,000 | 97,511,000 | 49,411,000 | 34,573,000 | 3,142,000 | 4,756,000 | 32,636,000 | 5,216,000 | 4,804,000 | 0 | 0 | 5,389,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Noncurrent | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property Plant And Equipment | 14,285,000,000 | 12,403,000,000 | 10,383,000,000 | 9,780,000,000 | 9,141,000,000 | 7,136,000,000 | 6,283,000,000 | 5,343,000,000 | 4,885,000,000 | 4,006,000,000 | 3,914,000,000 | 3,844,000,000 | 3,799,000,000 | 3,740,000,000 | 3,807,000,000 | 3,774,000,000 | 3,233,000,000 | 2,916,000,000 | 2,778,000,000 | 2,509,000,000 | 2,364,000,000 | 2,268,000,000 | 2,149,000,000 | 2,059,000,000 | 1,964,000,000 | 1,715,000,000 | 1,674,000,000 | 1,517,000,000 | 1,484,000,000 | 1,473,000,000 | 0 | 1,404,000,000 | 1,292,000,000 | 1,162,000,000 | 1,066,000,000 | 997,000,000 | 600,000,000 | 578,000,000 | 539,000,000 | 521,000,000 | 503,000,000 | 485,000,000 | 479,000,000 | 466,000,000 | 477,000,000 | 497,000,000 | 547,000,000 | 557,000,000 | 566,601,000 | 556,911,000 | 570,802,000 | 582,740,000 | 595,418,000 | 578,948,000 | 588,023,000 | 576,144,000 | 566,540,000 | 574,056,000 | 553,541,000 | 560,072,000 | 551,757,000 | 550,896,000 | 553,366,000 | 568,857,000 | 585,672,000 | 542,216,000 | 0 | 548,916,000 | 571,858,000 | 565,296,000 | 582,914,000 | 0 | 625,798,000 | 0 | 0 | 0 |
| Investment Property | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,998,000,000 | 3,120,000,000 | 3,306,000,000 | 936,000,000 | 755,000,000 | 769,000,000 | 807,000,000 | 838,000,000 | 952,000,000 | 986,000,000 | 1,112,000,000 | 1,251,000,000 | 1,395,000,000 | 1,541,000,000 | 1,676,000,000 | 1,850,000,000 | 2,036,000,000 | 2,211,000,000 | 2,339,000,000 | 2,454,000,000 | 2,478,000,000 | 2,613,000,000 | 2,737,000,000 | 2,861,000,000 | 2,854,000,000 | 80,000,000 | 49,000,000 | 43,000,000 | 49,000,000 | 54,000,000 | 0 | 45,000,000 | 49,000,000 | 51,000,000 | 55,000,000 | 52,000,000 | 63,000,000 | 76,000,000 | 90,000,000 | 104,000,000 | 120,000,000 | 138,000,000 | 155,000,000 | 166,000,000 | 172,000,000 | 190,000,000 | 205,000,000 | 222,000,000 | 241,301,000 | 260,613,000 | 277,530,000 | 296,012,000 | 320,589,000 | 322,520,000 | 336,733,000 | 312,332,000 | 331,248,000 | 346,938,000 | 363,395,000 | 326,136,000 | 342,839,000 | 358,136,000 | 278,761,000 | 288,745,000 | 112,642,000 | 118,879,000 | 0 | 115,423,000 | 120,458,000 | 127,817,000 | 135,678,000 | 0 | 147,101,000 | 0 | 0 | 0 |
| Goodwill | 21,125,000,000 | 20,894,000,000 | 20,832,000,000 | 6,261,000,000 | 5,755,000,000 | 5,498,000,000 | 5,188,000,000 | 4,724,000,000 | 4,622,000,000 | 4,453,000,000 | 4,430,000,000 | 4,430,000,000 | 4,430,000,000 | 4,430,000,000 | 4,372,000,000 | 4,372,000,000 | 4,372,000,000 | 4,365,000,000 | 4,349,000,000 | 4,302,000,000 | 4,193,000,000 | 4,193,000,000 | 4,193,000,000 | 4,193,000,000 | 4,193,000,000 | 628,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 0 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 618,000,000 | 643,179,000 | 643,179,000 | 643,179,000 | 643,179,000 | 643,179,000 | 641,030,000 | 641,030,000 | 641,030,000 | 641,030,000 | 641,030,000 | 641,030,000 | 641,030,000 | 648,053,000 | 593,513,000 | 369,844,000 | 369,844,000 | 369,844,000 | 369,844,000 | 0 | 369,844,000 | 369,844,000 | 369,844,000 | 369,844,000 | 0 | 369,844,000 | 0 | 0 | 0 |
| Right Of Use Assets | 5,390,000,000 | 4,258,000,000 | 2,867,000,000 | 2,281,000,000 | 2,084,000,000 | 1,810,000,000 | 1,793,000,000 | 1,755,000,000 | 1,556,000,000 | 1,532,000,000 | 1,346,000,000 | 1,316,000,000 | 1,235,000,000 | 1,094,000,000 | 1,038,000,000 | 927,000,000 | 852,000,000 | 856,000,000 | 829,000,000 | 830,000,000 | 801,000,000 | 727,000,000 | 707,000,000 | 681,000,000 | 701,000,000 | 595,000,000 | 618,000,000 | 527,000,000 | 535,000,000 | 536,000,000 | 470,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,750,000,000 | 1,546,000,000 | 1,172,000,000 | 800,000,000 | 505,000,000 | 299,000,000 | 314,000,000 | 307,000,000 | 285,000,000 | 266,000,000 | 308,000,000 | 147,000,000 | 146,000,000 | 144,000,000 | 106,000,000 | 0 | 0 | 77,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Assets | 12,159,000,000 | 11,707,000,000 | 13,258,000,000 | 13,674,000,000 | 13,570,000,000 | 13,318,000,000 | 10,979,000,000 | 10,276,000,000 | 9,578,000,000 | 7,798,000,000 | 6,081,000,000 | 5,982,000,000 | 5,398,000,000 | 4,568,000,000 | 3,396,000,000 | 2,762,000,000 | 2,225,000,000 | 1,784,000,000 | 1,222,000,000 | 970,000,000 | 958,000,000 | 778,000,000 | 806,000,000 | 666,000,000 | 630,000,000 | 533,000,000 | 548,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 15,746,000,000 | 12,733,000,000 | 8,301,000,000 | 11,724,000,000 | 7,216,000,000 | 6,788,000,000 | 6,425,000,000 | 5,437,000,000 | 4,001,000,000 | 4,568,000,000 | 4,500,000,000 | 4,667,000,000 | 4,501,000,000 | 4,204,000,000 | 3,820,000,000 | 3,580,000,000 | 3,340,000,000 | 3,505,000,000 | 3,841,000,000 | 3,761,000,000 | 2,050,000,000 | 2,090,000,000 | 2,144,000,000 | 2,028,000,000 | 0 | 0 | 118,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 122,860,000,000 | 108,479,000,000 | 81,198,000,000 | 44,656,000,000 | 38,521,000,000 | 35,319,000,000 | 31,475,000,000 | 28,373,000,000 | 25,594,000,000 | 23,343,000,000 | 21,383,000,000 | 21,490,000,000 | 20,758,000,000 | 19,577,000,000 | 18,109,000,000 | 17,265,000,000 | 16,058,000,000 | 15,637,000,000 | 15,358,000,000 | 14,826,000,000 | 12,844,000,000 | 12,669,000,000 | 12,736,000,000 | 12,488,000,000 | 10,499,000,000 | 3,670,000,000 | 3,625,000,000 | 3,390,000,000 | 3,384,000,000 | 3,392,000,000 | 470,000,000 | 2,735,000,000 | 2,271,000,000 | 2,051,000,000 | 2,012,000,000 | 1,986,000,000 | 1,351,000,000 | 1,332,000,000 | 1,294,000,000 | 1,305,000,000 | 1,305,000,000 | 1,305,000,000 | 1,318,000,000 | 1,317,000,000 | 1,340,000,000 | 1,371,000,000 | 1,459,000,000 | 1,488,000,000 | 1,544,760,000 | 1,556,133,000 | 1,590,865,000 | 1,626,183,000 | 1,661,532,000 | 1,646,984,000 | 1,672,911,000 | 1,636,987,000 | 1,650,317,000 | 1,678,030,000 | 1,676,051,000 | 1,647,570,000 | 1,588,972,000 | 1,546,867,000 | 1,239,981,000 | 1,268,296,000 | 1,107,877,000 | 1,075,306,000 | 0 | 1,076,050,000 | 1,105,088,000 | 1,105,858,000 | 1,130,504,000 | 0 | 1,182,769,000 | 0 | 0 | 0 |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 91,288,000,000 | 64,000,000,000 | 49,510,000,000 | 42,251,000,000 | 40,609,000,000 | 41,411,000,000 | 32,274,000,000 | 30,114,000,000 | 27,070,000,000 | 27,930,000,000 | 22,750,000,000 | 20,883,000,000 | 22,054,000,000 | 19,940,000,000 | 19,081,000,000 | 19,139,000,000 | 19,625,000,000 | 18,892,000,000 | 17,575,000,000 | 16,834,000,000 | 17,503,000,000 | 12,022,000,000 | 11,898,000,000 | 11,547,000,000 | 11,266,000,000 | 10,155,000,000 | 5,111,000,000 | 4,596,000,000 | 4,439,000,000 | 4,317,000,000 | 0 | 3,950,000,000 | 4,182,000,000 | 4,087,000,000 | 3,743,000,000 | 3,770,000,000 | 3,477,000,000 | 3,427,000,000 | 3,271,000,000 | 4,048,000,000 | 4,243,000,000 | 2,909,000,000 | 2,833,000,000 | 2,814,000,000 | 2,709,000,000 | 2,794,000,000 | 2,735,000,000 | 2,783,000,000 | 2,681,276,000 | 2,628,933,000 | 2,697,678,000 | 2,794,496,000 | 1,390,726,000 | 1,397,419,000 | 1,454,591,000 | 1,584,542,000 | 1,352,298,000 | 1,438,216,000 | 1,420,739,000 | 1,407,204,000 | 1,115,593,000 | 1,174,955,000 | 1,288,936,000 | 1,313,784,000 | 1,017,699,000 | 970,754,000 | 0 | 942,385,000 | 920,778,000 | 1,039,939,000 | 1,051,000,000 | 0 | 956,075,000 | 0 | 0 | 0 |
| Current | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 43,019,000,000 | 43,884,000,000 | 32,163,000,000 | 26,075,000,000 | 24,257,000,000 | 26,542,000,000 | 18,047,000,000 | 16,479,000,000 | 13,969,000,000 | 15,223,000,000 | 10,631,000,000 | 9,101,000,000 | 10,334,000,000 | 7,260,000,000 | 6,563,000,000 | 6,855,000,000 | 7,573,000,000 | 5,562,000,000 | 4,335,000,000 | 3,612,000,000 | 4,448,000,000 | 4,004,000,000 | 3,925,000,000 | 3,669,000,000 | 2,410,000,000 | 1,903,000,000 | 1,784,000,000 | 1,475,000,000 | 1,317,000,000 | 1,183,000,000 | 0 | 1,329,000,000 | 1,608,000,000 | 1,462,000,000 | 1,106,000,000 | 1,153,000,000 | 1,027,000,000 | 1,032,000,000 | 983,000,000 | 1,788,000,000 | 2,041,000,000 | 2,407,000,000 | 2,377,000,000 | 2,351,000,000 | 855,000,000 | 936,000,000 | 883,000,000 | 896,000,000 | 933,907,000 | 868,729,000 | 897,945,000 | 945,496,000 | 985,927,000 | 935,791,000 | 925,577,000 | 976,223,000 | 991,359,000 | 1,021,960,000 | 947,404,000 | 929,958,000 | 886,684,000 | 960,299,000 | 981,166,000 | 942,682,000 | 816,489,000 | 819,139,000 | 0 | 765,293,000 | 784,378,000 | 888,806,000 | 891,321,000 | 0 | 778,591,000 | 0 | 0 | 0 |
| Accounts Payable | 15,059,000,000 | 13,097,000,000 | 9,812,000,000 | 8,624,000,000 | 9,064,000,000 | 7,331,000,000 | 6,310,000,000 | 5,353,000,000 | 3,680,000,000 | 2,715,000,000 | 2,699,000,000 | 2,380,000,000 | 1,929,000,000 | 1,141,000,000 | 1,193,000,000 | 1,491,000,000 | 2,421,000,000 | 1,999,000,000 | 1,783,000,000 | 1,664,000,000 | 1,474,000,000 | 1,218,000,000 | 1,201,000,000 | 1,097,000,000 | 893,000,000 | 761,000,000 | 687,000,000 | 591,000,000 | 437,000,000 | 368,000,000 | 0 | 511,000,000 | 902,000,000 | 800,000,000 | 623,000,000 | 596,000,000 | 511,000,000 | 431,000,000 | 348,000,000 | 485,000,000 | 523,000,000 | 423,000,000 | 320,000,000 | 296,000,000 | 295,000,000 | 277,000,000 | 222,000,000 | 293,000,000 | 328,097,000 | 261,627,000 | 309,008,000 | 324,391,000 | 333,283,000 | 310,271,000 | 328,259,000 | 356,428,000 | 390,265,000 | 417,250,000 | 395,578,000 | 335,072,000 | 307,943,000 | 297,813,000 | 346,295,000 | 286,138,000 | 324,770,000 | 280,041,000 | 0 | 362,740,000 | 344,527,000 | 321,530,000 | 275,978,000 | 0 | 218,864,000 | 0 | 0 | 0 |
| Accrued Liabilities | 26,960,000,000 | 29,787,000,000 | 21,352,000,000 | 16,452,000,000 | 15,193,000,000 | 19,211,000,000 | 11,737,000,000 | 11,126,000,000 | 10,289,000,000 | 11,258,000,000 | 6,682,000,000 | 5,472,000,000 | 7,156,000,000 | 4,869,000,000 | 4,120,000,000 | 4,115,000,000 | 3,903,000,000 | 3,563,000,000 | 2,552,000,000 | 1,948,000,000 | 1,974,000,000 | 1,787,000,000 | 1,725,000,000 | 1,574,000,000 | 1,517,000,000 | 1,142,000,000 | 1,097,000,000 | 884,000,000 | 880,000,000 | 815,000,000 | 0 | 818,000,000 | 703,000,000 | 648,000,000 | 469,000,000 | 542,000,000 | 493,000,000 | 517,000,000 | 420,000,000 | 507,000,000 | 507,000,000 | 556,000,000 | 636,000,000 | 642,000,000 | 560,000,000 | 659,000,000 | 661,000,000 | 603,000,000 | 605,810,000 | 607,102,000 | 588,937,000 | 621,105,000 | 652,644,000 | 625,520,000 | 597,318,000 | 619,795,000 | 601,094,000 | 604,710,000 | 551,826,000 | 594,886,000 | 578,741,000 | 662,486,000 | 634,871,000 | 656,544,000 | 491,719,000 | 539,098,000 | 0 | 402,553,000 | 439,851,000 | 567,276,000 | 615,343,000 | 0 | 559,727,000 | 0 | 0 | 0 |
| Short Term Debt | 1,000,000,000 | 1,000,000,000 | 999,000,000 | 999,000,000 | 0 | 0 | 0 | 0 | 0 | 1,250,000,000 | 1,250,000,000 | 1,249,000,000 | 1,249,000,000 | 1,250,000,000 | 1,250,000,000 | 1,249,000,000 | 1,249,000,000 | 0 | 0 | 0 | 1,000,000,000 | 999,000,000 | 999,000,000 | 998,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 4,616,000,000 | 1,714,000,000 | 1,379,000,000 | 1,248,000,000 | 980,000,000 | 1,074,000,000 | 837,000,000 | 752,000,000 | 948,000,000 | 845,000,000 | 764,000,000 | 513,000,000 | 421,000,000 | 367,000,000 | 354,000,000 | 338,000,000 | 359,000,000 | 334,000,000 | 300,000,000 | 298,000,000 | 301,000,000 | 333,000,000 | 288,000,000 | 235,000,000 | 222,000,000 | 174,000,000 | 141,000,000 | 119,000,000 | 127,000,000 | 85,000,000 | 0 | 92,000,000 | 80,000,000 | 77,000,000 | 0 | 53,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240,829,000 | 265,704,000 | 265,668,000 | 265,616,000 | 282,658,000 | 267,252,000 | 269,569,000 | 273,605,000 | 269,003,000 | 273,182,000 | 272,367,000 | 270,649,000 | 236,605,000 | 277,594,000 | 281,790,000 | 245,596,000 | 27,336,000 | 13,448,000 | 0 | 0 | 9,379,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Lease Liabilities | 509,000,000 | 466,000,000 | 0 | 341,000,000 | 301,000,000 | 300,000,000 | 288,000,000 | 273,000,000 | 250,000,000 | 246,000,000 | 228,000,000 | 230,000,000 | 208,000,000 | 187,000,000 | 176,000,000 | 156,000,000 | 145,000,000 | 147,000,000 | 0 | 140,000,000 | 132,000,000 | 135,000,000 | 121,000,000 | 116,000,000 | 124,000,000 | 100,000,000 | 91,000,000 | 89,000,000 | 84,000,000 | 80,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 0 | 0 | 4,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Noncurrent | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long Term Debt | 32,366,000,000 | 7,470,000,000 | 7,469,000,000 | 7,468,000,000 | 8,466,000,000 | 8,464,000,000 | 8,463,000,000 | 8,462,000,000 | 8,461,000,000 | 8,460,000,000 | 8,459,000,000 | 8,457,000,000 | 8,456,000,000 | 9,704,000,000 | 9,703,000,000 | 9,701,000,000 | 9,700,000,000 | 10,947,000,000 | 10,946,000,000 | 10,944,000,000 | 10,943,000,000 | 5,964,000,000 | 5,964,000,000 | 5,963,000,000 | 6,960,000,000 | 6,959,000,000 | 1,991,000,000 | 1,990,000,000 | 1,989,000,000 | 1,988,000,000 | 0 | 1,988,000,000 | 1,987,000,000 | 1,987,000,000 | 1,986,000,000 | 1,985,000,000 | 1,985,000,000 | 1,984,000,000 | 1,984,000,000 | 1,983,000,000 | 1,982,000,000 | 0 | 0 | 0 | 1,406,000,000 | 1,399,000,000 | 1,391,000,000 | 1,384,000,000 | 1,377,259,000 | 1,370,249,000 | 1,363,276,000 | 1,356,375,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Lease Liabilities | 4,985,000,000 | 3,878,000,000 | 2,572,000,000 | 2,014,000,000 | 1,831,000,000 | 1,521,000,000 | 1,519,000,000 | 1,490,000,000 | 1,304,000,000 | 1,281,000,000 | 1,119,000,000 | 1,091,000,000 | 1,041,000,000 | 939,000,000 | 902,000,000 | 798,000,000 | 743,000,000 | 752,000,000 | 741,000,000 | 743,000,000 | 716,000,000 | 640,000,000 | 634,000,000 | 604,000,000 | 611,000,000 | 519,000,000 | 561,000,000 | 469,000,000 | 483,000,000 | 486,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 3,000,000 | 4,000,000 | 6,000,000 | 7,000,000 | 8,000,000 | 9,000,000 | 10,000,000 | 11,000,000 | 12,000,000 | 13,000,000 | 14,000,000 | 14,977,000 | 15,842,000 | 16,683,000 | 17,500,000 | 17,015,000 | 17,685,000 | 18,333,000 | 18,998,000 | 19,627,000 | 20,237,000 | 20,830,000 | 21,439,000 | 21,949,000 | 22,493,000 | 22,957,000 | 23,389,000 | 23,359,000 | 23,734,000 | 0 | 24,098,000 | 24,450,000 | 24,760,000 | 25,060,000 | 0 | 25,634,000 | 0 | 0 | 0 |
| Operating Lease Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 1,796,000,000 | 1,403,000,000 | 1,193,000,000 | 1,165,000,000 | 1,055,000,000 | 1,004,000,000 | 976,000,000 | 833,000,000 | 773,000,000 | 704,000,000 | 573,000,000 | 425,000,000 | 308,000,000 | 230,000,000 | 218,000,000 | 213,000,000 | 201,000,000 | 203,000,000 | 202,000,000 | 191,000,000 | 189,000,000 | 173,000,000 | 163,000,000 | 147,000,000 | 120,000,000 | 67,000,000 | 60,000,000 | 57,000,000 | 54,000,000 | 49,000,000 | 0 | 46,000,000 | 40,000,000 | 27,000,000 | 18,000,000 | 15,000,000 | 10,000,000 | 6,000,000 | 5,000,000 | 4,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 44,000,000 | 1,000,000 | 1,000,000 | 42,000,000 | 108,000,000 | 0 | 40,063,000 | 106,169,000 | 172,199,000 | 38,255,000 | 104,011,000 | 170,068,000 | 236,152,000 | 2,190,000 | 68,172,000 | 134,338,000 | 200,370,000 | 1,534,000 | 32,699,000 | 98,583,000 | 163,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1,619,000,000 | 1,798,000,000 | 1,774,000,000 | 1,621,000,000 | 1,351,000,000 | 1,082,000,000 | 886,000,000 | 790,000,000 | 697,000,000 | 583,000,000 | 462,000,000 | 424,000,000 | 373,000,000 | 290,000,000 | 247,000,000 | 246,000,000 | 252,000,000 | 257,000,000 | 245,000,000 | 225,000,000 | 229,000,000 | 234,000,000 | 241,000,000 | 258,000,000 | 274,000,000 | 32,000,000 | 29,000,000 | 25,000,000 | 23,000,000 | 21,000,000 | 0 | 19,000,000 | 23,000,000 | 21,000,000 | 19,000,000 | 18,000,000 | 295,000,000 | 252,000,000 | 159,000,000 | 141,000,000 | 88,000,000 | 372,000,000 | 333,000,000 | 301,000,000 | 325,000,000 | 292,000,000 | 254,000,000 | 232,000,000 | 210,388,000 | 192,702,000 | 175,236,000 | 157,953,000 | 204,364,000 | 197,039,000 | 192,487,000 | 192,950,000 | 172,058,000 | 143,165,000 | 133,004,000 | 133,288,000 | 77,729,000 | 29,029,000 | 54,544,000 | 46,129,000 | 47,245,000 | 32,173,000 | 0 | 0 | 17,739,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Noncurrent Liabilities | 10,918,000,000 | 8,768,000,000 | 7,306,000,000 | 6,694,000,000 | 6,055,000,000 | 4,884,000,000 | 4,245,000,000 | 3,683,000,000 | 3,336,000,000 | 2,966,000,000 | 2,541,000,000 | 2,234,000,000 | 2,223,000,000 | 2,037,000,000 | 1,913,000,000 | 1,785,000,000 | 1,609,000,000 | 1,631,000,000 | 1,553,000,000 | 1,535,000,000 | 1,396,000,000 | 1,414,000,000 | 1,375,000,000 | 1,311,000,000 | 1,285,000,000 | 774,000,000 | 775,000,000 | 662,000,000 | 650,000,000 | 660,000,000 | 0 | 633,000,000 | 587,000,000 | 638,000,000 | 651,000,000 | 632,000,000 | 464,000,000 | 408,000,000 | 300,000,000 | 271,000,000 | 213,000,000 | 494,000,000 | 447,000,000 | 453,000,000 | 437,000,000 | 447,000,000 | 448,000,000 | 489,000,000 | 355,133,000 | 374,113,000 | 419,774,000 | 475,125,000 | 387,784,000 | 443,943,000 | 510,681,000 | 589,321,000 | 341,312,000 | 396,019,000 | 452,505,000 | 455,807,000 | 206,960,000 | 192,163,000 | 284,813,000 | 347,713,000 | 177,851,000 | 127,881,000 | 0 | 152,994,000 | 111,950,000 | 126,373,000 | 134,619,000 | 0 | 151,850,000 | 0 | 0 | 0 |
| Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Benefit Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 48,269,000,000 | 20,116,000,000 | 17,347,000,000 | 16,176,000,000 | 16,352,000,000 | 14,869,000,000 | 14,227,000,000 | 13,635,000,000 | 13,101,000,000 | 12,707,000,000 | 12,119,000,000 | 11,782,000,000 | 11,720,000,000 | 12,680,000,000 | 12,518,000,000 | 12,284,000,000 | 12,052,000,000 | 13,330,000,000 | 13,240,000,000 | 13,222,000,000 | 13,055,000,000 | 8,018,000,000 | 7,973,000,000 | 7,878,000,000 | 8,856,000,000 | 8,252,000,000 | 3,327,000,000 | 3,121,000,000 | 3,122,000,000 | 3,134,000,000 | 0 | 2,621,000,000 | 2,574,000,000 | 2,625,000,000 | 2,637,000,000 | 2,617,000,000 | 2,450,000,000 | 2,395,000,000 | 2,288,000,000 | 2,260,000,000 | 2,202,000,000 | 502,000,000 | 456,000,000 | 463,000,000 | 2,180,000,000 | 2,151,000,000 | 2,148,000,000 | 2,227,000,000 | 1,957,757,000 | 1,992,969,000 | 2,081,138,000 | 2,179,152,000 | 647,418,000 | 762,678,000 | 891,569,000 | 1,037,421,000 | 535,187,000 | 627,593,000 | 740,677,000 | 810,904,000 | 308,172,000 | 276,384,000 | 460,897,000 | 580,231,000 | 248,455,000 | 183,788,000 | 0 | 177,092,000 | 154,139,000 | 151,133,000 | 159,679,000 | 0 | 177,484,000 | 0 | 0 | 0 |
| Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 228,984,000,000 | 195,474,000,000 | 157,293,000,000 | 118,897,000,000 | 100,131,000,000 | 83,843,000,000 | 79,327,000,000 | 65,899,000,000 | 58,157,000,000 | 49,142,000,000 | 42,978,000,000 | 33,265,000,000 | 27,501,000,000 | 24,520,000,000 | 22,101,000,000 | 21,349,000,000 | 23,851,000,000 | 26,320,000,000 | 26,612,000,000 | 23,798,000,000 | 21,147,000,000 | 18,774,000,000 | 16,893,000,000 | 15,334,000,000 | 13,914,000,000 | 13,099,000,000 | 12,204,000,000 | 11,214,000,000 | 10,336,000,000 | 9,704,000,000 | 0 | 9,342,000,000 | 9,475,000,000 | 8,795,000,000 | 7,717,000,000 | 7,471,000,000 | 6,352,000,000 | 5,973,000,000 | 6,132,000,000 | 5,762,000,000 | 5,324,000,000 | 4,480,000,000 | 4,196,000,000 | 4,469,000,000 | 4,465,000,000 | 4,185,000,000 | 4,556,000,000 | 4,418,000,000 | 4,204,593,000 | 4,304,786,000 | 4,166,985,000 | 4,456,398,000 | 4,320,647,000 | 4,172,173,000 | 4,824,936,000 | 4,827,703,000 | 4,722,846,000 | 4,453,665,000 | 4,287,428,000 | 4,145,724,000 | 3,973,450,000 | 3,689,469,000 | 3,447,808,000 | 3,181,462,000 | 2,897,880,000 | 2,760,514,000 | 0 | 2,860,645,000 | 2,665,140,000 | 2,423,635,000 | 2,247,409,000 | 0 | 2,394,652,000 | 0 | 0 | 2,617,912,000 |
| Common Stock | 24,000,000 | 24,000,000 | 24,000,000 | 24,000,000 | 24,000,000 | 24,000,000 | 24,000,000 | 25,000,000 | 25,000,000 | 2,000,000 | 25,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 3,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 752,000 | 744,000 | 743,000 | 732,000 | 732,000 | 726,000 | 725,000 | 720,000 | 719,000 | 713,000 | 707,000 | 700,000 | 698,000 | 691,000 | 688,000 | 677,000 | 671,000 | 665,000 | 0 | 0 | 653,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Additional Paid In Capital | 9,828,000,000 | 10,275,000,000 | 10,118,000,000 | 10,626,000,000 | 11,200,000,000 | 11,475,000,000 | 11,237,000,000 | 11,821,000,000 | 12,115,000,000 | 12,651,000,000 | 13,109,000,000 | 12,991,000,000 | 12,629,000,000 | 12,453,000,000 | 11,971,000,000 | 11,565,000,000 | 10,968,000,000 | 10,623,000,000 | 10,385,000,000 | 10,465,000,000 | 9,745,000,000 | 9,280,000,000 | 8,719,000,000 | 8,301,000,000 | 7,828,000,000 | 7,354,000,000 | 7,045,000,000 | 6,824,000,000 | 6,543,000,000 | 6,317,000,000 | 0 | 6,051,000,000 | 5,891,000,000 | 5,681,000,000 | 5,546,000,000 | 5,351,000,000 | 5,219,000,000 | 5,048,000,000 | 4,936,000,000 | 4,708,000,000 | 4,581,000,000 | 4,408,000,000 | 4,218,000,000 | 4,170,000,000 | 4,170,000,000 | 3,938,000,000 | 3,986,000,000 | 3,855,000,000 | 3,783,099,000 | 3,682,742,000 | 3,492,140,000 | 3,483,342,000 | 3,407,889,000 | 3,104,501,000 | 3,273,230,000 | 3,193,623,000 | 3,114,995,000 | 3,040,979,000 | 2,994,507,000 | 2,900,896,000 | 2,846,266,000 | 2,725,317,000 | 2,638,531,000 | 2,500,577,000 | 2,386,257,000 | 2,329,456,000 | 0 | 2,288,989,000 | 2,219,401,000 | 2,111,506,000 | 2,043,840,000 | 0 | 1,889,257,000 | 0 | 0 | 0 |
| Retained Earnings | 219,157,000,000 | 185,038,000,000 | 146,973,000,000 | 107,908,000,000 | 88,737,000,000 | 72,158,000,000 | 68,038,000,000 | 53,950,000,000 | 45,961,000,000 | 36,598,000,000 | 29,817,000,000 | 20,360,000,000 | 14,921,000,000 | 12,115,000,000 | 10,171,000,000 | 9,905,000,000 | 12,971,000,000 | 15,758,000,000 | 16,235,000,000 | 25,359,000,000 | 22,995,000,000 | 20,721,000,000 | 18,908,000,000 | 17,550,000,000 | 16,313,000,000 | 15,790,000,000 | 14,971,000,000 | 14,118,000,000 | 13,317,000,000 | 12,862,000,000 | 0 | 12,565,000,000 | 12,096,000,000 | 10,957,000,000 | 9,948,000,000 | 8,787,000,000 | 7,760,000,000 | 7,006,000,000 | 6,506,000,000 | 6,108,000,000 | 5,529,000,000 | 4,675,000,000 | 4,484,000,000 | 4,350,000,000 | 4,204,000,000 | 4,010,000,000 | 4,037,000,000 | 3,949,000,000 | 3,801,966,000 | 3,675,071,000 | 3,594,527,000 | 3,504,742,000 | 3,406,154,000 | 3,330,815,000 | 3,277,713,000 | 3,246,088,000 | 3,118,981,000 | 2,909,901,000 | 2,790,855,000 | 2,730,418,000 | 2,614,393,000 | 2,436,120,000 | 2,284,547,000 | 2,149,328,000 | 1,977,677,000 | 1,892,815,000 | 0 | 2,033,776,000 | 1,896,182,000 | 1,765,106,000 | 1,657,529,000 | 0 | 1,964,169,000 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -25,000,000 | 137,000,000 | 178,000,000 | 339,000,000 | 170,000,000 | 186,000,000 | 28,000,000 | 103,000,000 | 56,000,000 | -109,000,000 | 27,000,000 | -88,000,000 | -51,000,000 | -50,000,000 | -43,000,000 | -123,000,000 | -90,000,000 | -64,000,000 | -11,000,000 | 9,000,000 | 8,000,000 | 14,000,000 | 19,000,000 | 12,000,000 | 4,000,000 | -10,000,000 | 1,000,000 | -3,000,000 | -1,000,000 | -2,000,000 | 0 | -12,000,000 | -24,000,000 | -23,000,000 | -23,000,000 | -18,000,000 | -14,000,000 | -12,000,000 | -14,000,000 | -16,000,000 | -4,000,000 | 4,000,000 | 1,000,000 | -4,000,000 | 2,000,000 | 1,000,000 | 8,000,000 | 8,000,000 | 9,761,000 | 4,378,000 | 6,364,000 | 4,877,000 | 5,862,000 | 5,897,000 | 10,293,000 | 9,981,000 | 10,860,000 | 11,159,000 | 10,447,000 | 10,614,000 | 8,997,000 | 14,434,000 | 11,121,000 | 10,272,000 | 12,667,000 | 11,234,000 | 0 | 10,872,000 | 12,172,000 | 9,645,000 | 8,670,000 | 0 | 3,865,000 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,038,000,000 | 11,604,000,000 | 11,242,000,000 | 10,756,000,000 | 10,530,000,000 | 10,232,000,000 | 10,036,000,000 | 9,814,000,000 | 9,726,000,000 | 9,524,000,000 | 9,474,000,000 | 0 | 9,263,000,000 | 8,489,000,000 | 7,821,000,000 | 7,755,000,000 | 6,650,000,000 | 6,614,000,000 | 6,070,000,000 | 5,297,000,000 | 5,039,000,000 | 4,783,000,000 | 4,608,000,000 | 4,508,000,000 | 4,048,000,000 | 3,912,000,000 | 3,765,000,000 | 3,476,000,000 | 3,395,000,000 | 3,390,985,000 | 3,058,149,000 | 2,926,789,000 | 2,537,295,000 | 2,499,990,000 | 2,269,766,000 | 1,737,025,000 | 1,622,709,000 | 1,522,709,000 | 1,509,087,000 | 1,509,088,000 | 1,496,904,000 | 1,496,904,000 | 1,487,093,000 | 1,487,079,000 | 1,479,392,000 | 1,479,392,000 | 1,473,656,000 | 0 | 1,473,655,000 | 1,463,268,000 | 1,463,268,000 | 1,463,268,000 | 0 | 1,463,268,000 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Temporary Equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
10.2. Income Statement
Performance overview from 2008-01-27 to 2026-07-26.
| 2026-07-26 | 2026-04-26 | 2026-01-25 | 2025-10-26 | 2025-07-27 | 2025-04-27 | 2025-01-26 | 2024-10-27 | 2024-07-28 | 2024-04-28 | 2024-01-28 | 2023-10-29 | 2023-07-30 | 2023-04-30 | 2023-01-29 | 2022-10-30 | 2022-07-31 | 2022-05-01 | 2022-01-30 | 2021-10-31 | 2021-08-01 | 2021-05-02 | 2021-01-31 | 2020-10-25 | 2020-07-26 | 2020-04-26 | 2020-01-26 | 2019-10-27 | 2019-07-28 | 2019-04-28 | 2019-01-28 | 2019-01-27 | 2018-10-28 | 2018-07-29 | 2018-04-29 | 2018-01-28 | 2017-10-29 | 2017-07-30 | 2017-04-30 | 2017-01-29 | 2016-10-30 | 2016-07-31 | 2016-05-01 | 2016-01-31 | 2015-10-25 | 2015-07-26 | 2015-04-26 | 2015-01-25 | 2014-10-26 | 2014-07-27 | 2014-04-27 | 2014-01-26 | 2013-10-27 | 2013-07-28 | 2013-04-28 | 2013-01-27 | 2012-10-28 | 2012-07-29 | 2012-04-29 | 2012-01-29 | 2011-10-30 | 2011-07-31 | 2011-05-01 | 2011-01-30 | 2010-10-31 | 2010-08-01 | 2010-07-31 | 2010-05-02 | 2010-01-31 | 2009-10-25 | 2009-07-26 | 2009-04-26 | 2009-01-25 | 2008-10-26 | 2008-07-27 | 2008-01-27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 96,221,000,000 | 81,615,000,000 | 68,127,000,000 | 57,006,000,000 | 46,743,000,000 | 44,062,000,000 | 39,331,000,000 | 35,082,000,000 | 30,040,000,000 | 26,044,000,000 | 22,103,000,000 | 18,120,000,000 | 13,507,000,000 | 7,192,000,000 | 6,051,000,000 | 5,931,000,000 | 6,704,000,000 | 8,288,000,000 | 7,643,000,000 | 7,103,000,000 | 6,507,000,000 | 5,661,000,000 | 5,003,000,000 | 4,726,000,000 | 3,866,000,000 | 3,080,000,000 | 3,105,000,000 | 3,014,000,000 | 2,579,000,000 | 2,220,000,000 | 0 | 2,205,000,000 | 3,181,000,000 | 3,123,000,000 | 3,207,000,000 | 2,911,000,000 | 2,636,000,000 | 2,230,000,000 | 1,937,000,000 | 2,173,000,000 | 2,004,000,000 | 1,428,000,000 | 1,305,000,000 | 1,401,000,000 | 1,305,000,000 | 1,153,000,000 | 1,151,000,000 | 1,251,000,000 | 1,225,000,000 | 1,103,000,000 | 1,103,000,000 | 1,144,218,000 | 1,053,967,000 | 977,238,000 | 954,739,000 | 1,106,902,000 | 1,204,110,000 | 1,044,270,000 | 924,877,000 | 953,194,000 | 1,066,180,000 | 1,016,517,000 | 962,039,000 | 325,067,000 | 843,912,000 | 811,208,000 | -1,093,811,000 | 1,001,813,000 | 982,488,000 | 903,206,000 | 776,520,000 | 664,231,000 | 3,424,859,000 | 897,655,000 | 892,676,000 | 4,097,860,000 |
| Segments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Segment2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Segment3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 24,079,000,000 | 20,458,000,000 | 17,034,000,000 | 15,157,000,000 | 12,890,000,000 | 17,394,000,000 | 10,609,000,000 | 8,926,000,000 | 7,466,000,000 | 5,638,000,000 | 5,312,000,000 | 4,720,000,000 | 4,045,000,000 | 2,544,000,000 | 2,218,000,000 | 2,754,000,000 | 3,789,000,000 | 2,857,000,000 | 2,643,000,000 | 2,472,000,000 | 2,292,000,000 | 2,032,000,000 | 1,846,000,000 | 1,766,000,000 | 1,591,000,000 | 1,076,000,000 | 1,090,000,000 | 1,098,000,000 | 1,038,000,000 | 924,000,000 | 0 | 998,000,000 | 1,260,000,000 | 1,148,000,000 | 1,139,000,000 | 1,110,000,000 | 1,067,000,000 | 928,000,000 | 787,000,000 | 870,000,000 | 821,000,000 | 602,000,000 | 554,000,000 | 610,000,000 | 571,000,000 | 519,000,000 | 498,000,000 | 552,000,000 | 549,000,000 | 484,000,000 | 499,000,000 | 524,976,000 | 469,552,000 | 431,700,000 | 436,171,000 | 521,300,000 | 567,452,000 | 503,551,000 | 461,513,000 | 463,181,000 | 509,463,000 | 491,233,000 | 477,536,000 | -288,806,000 | 451,850,000 | 676,916,000 | -379,943,000 | 545,436,000 | 543,767,000 | 511,423,000 | 619,797,000 | 474,535,000 | 2,250,590,000 | 529,812,000 | 742,759,000 | 2,228,580,000 |
| Gross Profit | 72,142,000,000 | 61,157,000,000 | 51,093,000,000 | 41,849,000,000 | 33,853,000,000 | 26,668,000,000 | 28,722,000,000 | 26,156,000,000 | 22,574,000,000 | 20,406,000,000 | 16,791,000,000 | 13,400,000,000 | 9,462,000,000 | 4,648,000,000 | 3,833,000,000 | 3,177,000,000 | 2,915,000,000 | 5,431,000,000 | 5,000,000,000 | 4,631,000,000 | 4,215,000,000 | 3,629,000,000 | 3,157,000,000 | 2,960,000,000 | 2,275,000,000 | 2,004,000,000 | 2,015,000,000 | 1,916,000,000 | 1,541,000,000 | 1,296,000,000 | 0 | 1,207,000,000 | 1,921,000,000 | 1,975,000,000 | 2,068,000,000 | 1,801,000,000 | 1,569,000,000 | 1,302,000,000 | 1,150,000,000 | 1,303,000,000 | 1,183,000,000 | 826,000,000 | 751,000,000 | 791,000,000 | 734,000,000 | 634,000,000 | 653,000,000 | 699,000,000 | 676,000,000 | 619,000,000 | 604,000,000 | 619,242,000 | 584,415,000 | 545,538,000 | 518,568,000 | 585,602,000 | 636,658,000 | 540,719,000 | 463,364,000 | 490,013,000 | 556,717,000 | 525,284,000 | 484,503,000 | 613,873,000 | 392,062,000 | 134,292,000 | -713,868,000 | 456,377,000 | 438,721,000 | 391,783,000 | 156,723,000 | 189,696,000 | 1,174,269,000 | 367,843,000 | 149,917,000 | 1,869,280,000 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 8,408,000,000 | 7,621,000,000 | 6,794,000,000 | 5,839,000,000 | 5,413,000,000 | 5,030,000,000 | 4,689,000,000 | 4,287,000,000 | 3,932,000,000 | 3,497,000,000 | 3,176,000,000 | 2,983,000,000 | 2,662,000,000 | 2,508,000,000 | 2,577,000,000 | 2,576,000,000 | 2,416,000,000 | 3,563,000,000 | 2,030,000,000 | 1,960,000,000 | 1,771,000,000 | 1,673,000,000 | 1,650,000,000 | 1,562,000,000 | 1,624,000,000 | 1,028,000,000 | 1,025,000,000 | 989,000,000 | 970,000,000 | 938,000,000 | 0 | 913,000,000 | 863,000,000 | 818,000,000 | 773,000,000 | 728,000,000 | 674,000,000 | 614,000,000 | 596,000,000 | 3,000,000 | 544,000,000 | 509,000,000 | 506,000,000 | 540,000,000 | 489,000,000 | 558,000,000 | 477,000,000 | 468,000,000 | 463,000,000 | 456,000,000 | 453,000,000 | 452,782,000 | 443,427,000 | 440,004,000 | 435,787,000 | 402,029,000 | 384,441,000 | 401,096,000 | 390,538,000 | 367,696,000 | 359,627,000 | 351,254,000 | 329,641,000 | 1,148,487,000 | 288,279,000 | 309,499,000 | -592,922,000 | 308,984,000 | 304,439,000 | 283,938,000 | 266,830,000 | 420,661,000 | 1,244,969,000 | 311,047,000 | 305,309,000 | 1,032,934,000 |
| Research And Development | 7,054,000,000 | 6,321,000,000 | 5,512,000,000 | 4,705,000,000 | 4,291,000,000 | 3,989,000,000 | 3,714,000,000 | 3,390,000,000 | 3,090,000,000 | 2,720,000,000 | 2,466,000,000 | 2,294,000,000 | 2,040,000,000 | 1,875,000,000 | 1,952,000,000 | 1,945,000,000 | 1,824,000,000 | 1,618,000,000 | 1,467,000,000 | 1,403,000,000 | 1,245,000,000 | 1,153,000,000 | 1,145,000,000 | 1,047,000,000 | 997,000,000 | 735,000,000 | 739,000,000 | 712,000,000 | 704,000,000 | 674,000,000 | 0 | 648,000,000 | 605,000,000 | 581,000,000 | 542,000,000 | 508,000,000 | 462,000,000 | 416,000,000 | 411,000,000 | 394,000,000 | 373,000,000 | 350,000,000 | 346,000,000 | 343,000,000 | 329,000,000 | 320,000,000 | 339,000,000 | 349,000,000 | 340,000,000 | 337,000,000 | 334,000,000 | 336,807,000 | 340,294,000 | 331,738,000 | 327,161,000 | 298,007,000 | 284,180,000 | 281,193,000 | 283,902,000 | 266,862,000 | 256,498,000 | 247,721,000 | 231,524,000 | 849,721,000 | 204,527,000 | 210,635,000 | -416,053,000 | 218,105,000 | 216,251,000 | 197,948,000 | 192,855,000 | 301,797,000 | 855,879,000 | 212,360,000 | 212,910,000 | 691,637,000 |
| Selling General And Administrative | 1,354,000,000 | 1,300,000,000 | 1,282,000,000 | 1,134,000,000 | 1,122,000,000 | 1,041,000,000 | 975,000,000 | 897,000,000 | 842,000,000 | 777,000,000 | 710,000,000 | 689,000,000 | 622,000,000 | 633,000,000 | 625,000,000 | 631,000,000 | 592,000,000 | 592,000,000 | 563,000,000 | 557,000,000 | 526,000,000 | 520,000,000 | 505,000,000 | 515,000,000 | 627,000,000 | 293,000,000 | 286,000,000 | 277,000,000 | 266,000,000 | 264,000,000 | 0 | 265,000,000 | 258,000,000 | 237,000,000 | 231,000,000 | 220,000,000 | 212,000,000 | 198,000,000 | 185,000,000 | 176,000,000 | 171,000,000 | 157,000,000 | 159,000,000 | 163,000,000 | 152,000,000 | 149,000,000 | 138,000,000 | 119,000,000 | 123,000,000 | 119,000,000 | 119,000,000 | 115,975,000 | 103,133,000 | 108,266,000 | 108,626,000 | 104,022,000 | 100,261,000 | 119,903,000 | 106,636,000 | 100,834,000 | 103,129,000 | 103,533,000 | 98,117,000 | 355,766,000 | 83,752,000 | 98,864,000 | -176,869,000 | 90,879,000 | 88,188,000 | 85,990,000 | 73,975,000 | 118,864,000 | 362,222,000 | 90,349,000 | 92,399,000 | 341,297,000 |
| Stock Based Compensation | 3,954,000,000 | 1,928,000,000 | 6,386,000,000 | 4,753,000,000 | 3,099,000,000 | 1,474,000,000 | 4,737,000,000 | 3,416,000,000 | 2,164,000,000 | 1,011,000,000 | 3,549,000,000 | 2,555,000,000 | 1,576,000,000 | 735,000,000 | 2,709,000,000 | 1,971,000,000 | 1,226,000,000 | 578,000,000 | 551,000,000 | 559,000,000 | 465,000,000 | 429,000,000 | 416,000,000 | 383,000,000 | 374,000,000 | 224,000,000 | 219,000,000 | 223,000,000 | 224,000,000 | 178,000,000 | 0 | 156,000,000 | 140,000,000 | 132,000,000 | 129,000,000 | 127,000,000 | 107,000,000 | 81,000,000 | 76,000,000 | 71,000,000 | 65,000,000 | 58,000,000 | 53,000,000 | 61,000,000 | 51,000,000 | 47,000,000 | 45,000,000 | 42,000,000 | 42,000,000 | 38,000,000 | 36,000,000 | 35,909,000 | 34,299,000 | 32,395,000 | 33,397,000 | 35,769,000 | 33,069,000 | 32,255,000 | 35,569,000 | 35,436,000 | 33,229,000 | 35,950,000 | 31,739,000 | 83,208,000 | 74,985,000 | 49,808,000 | -107,648,000 | 25,177,000 | 107,091,000 | 82,471,000 | 59,489,000 | 34,113,000 | 162,706,000 | 120,873,000 | 81,423,000 | 133,365,000 |
| Allocated Stock Based Compensation | 2,027,000,000 | 1,928,000,000 | 1,633,000,000 | 1,655,000,000 | 1,624,000,000 | 1,474,000,000 | 1,320,000,000 | 1,252,000,000 | 1,154,000,000 | 1,011,000,000 | 993,000,000 | 979,000,000 | 842,000,000 | 735,000,000 | 738,000,000 | 745,000,000 | 649,000,000 | 578,000,000 | 551,000,000 | 559,000,000 | 465,000,000 | 429,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Impairment Charges | 784,000,000 | 800,000,000 | 436,000,000 | 378,000,000 | 886,000,000 | 2,300,000,000 | 723,000,000 | 322,000,000 | 345,000,000 | 210,000,000 | 118,000,000 | 208,000,000 | 343,000,000 | 105,000,000 | 0 | 354,000,000 | 570,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,891,000 | 0 | 0 |
| Restructuring Charges | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000,000 | 0 | 2,000,000 | 1,000,000 | 0 | 8,000,000 | 89,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 63,734,000,000 | 53,536,000,000 | 44,299,000,000 | 36,010,000,000 | 28,440,000,000 | 21,638,000,000 | 24,033,000,000 | 21,869,000,000 | 18,642,000,000 | 16,909,000,000 | 13,615,000,000 | 10,417,000,000 | 6,800,000,000 | 2,140,000,000 | 1,256,000,000 | 601,000,000 | 499,000,000 | 1,868,000,000 | 2,970,000,000 | 2,671,000,000 | 2,444,000,000 | 1,956,000,000 | 1,507,000,000 | 1,398,000,000 | 651,000,000 | 976,000,000 | 990,000,000 | 927,000,000 | 571,000,000 | 358,000,000 | 0 | 294,000,000 | 1,058,000,000 | 1,157,000,000 | 1,295,000,000 | 1,073,000,000 | 895,000,000 | 688,000,000 | 554,000,000 | -3,000,000 | 639,000,000 | 317,000,000 | 245,000,000 | 250,000,000 | 245,000,000 | 76,000,000 | 176,000,000 | 232,000,000 | 213,000,000 | 163,000,000 | 151,000,000 | 166,697,000 | 140,988,000 | 105,534,000 | 82,781,000 | 183,573,000 | 252,217,000 | 139,623,000 | 72,826,000 | 122,317,000 | 197,090,000 | 174,030,000 | 154,862,000 | 448,117,000 | 103,783,000 | -175,207,000 | -120,946,000 | 147,393,000 | 134,282,000 | 107,845,000 | -110,107,000 | -230,965,000 | -808,450,000 | 56,796,000 | -155,392,000 | 836,346,000 |
| Other Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non Operating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 227,000,000 | 102,000,000 | 73,000,000 | 61,000,000 | 62,000,000 | 63,000,000 | 61,000,000 | 61,000,000 | 61,000,000 | 64,000,000 | 63,000,000 | 63,000,000 | 65,000,000 | 66,000,000 | 64,000,000 | 65,000,000 | 65,000,000 | 68,000,000 | 61,000,000 | 62,000,000 | 60,000,000 | 53,000,000 | 52,000,000 | 53,000,000 | 54,000,000 | 25,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 0 | 14,000,000 | 15,000,000 | 14,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 16,000,000 | 18,000,000 | 16,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 12,000,000 | 11,000,000 | 7,492,000 | 819,000 | 836,000 | 853,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54,000 |
| Gain On Asset Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Operating Income | 7,771,000,000 | 15,936,000,000 | 3,420,000,000 | 3,426,000,000 | 2,247,000,000 | -175,000,000 | 395,000,000 | 302,000,000 | 264,000,000 | 69,000,000 | 231,000,000 | -24,000,000 | 45,000,000 | -14,000,000 | -45,000,000 | -35,000,000 | -24,000,000 | -17,000,000 | 100,000,000 | 152,000,000 | 133,000,000 | 133,000,000 | 21,000,000 | -9,000,000 | -5,000,000 | -3,000,000 | 0 | 0 | 1,000,000 | 0 | 0 | 2,000,000 | 1,000,000 | 5,000,000 | 6,000,000 | -22,000,000 | -1,000,000 | -4,000,000 | -18,000,000 | -3,000,000 | -16,000,000 | -2,000,000 | -4,000,000 | 3,000,000 | 3,000,000 | -1,000,000 | -1,000,000 | 19,392,000 | -19,392,000 | -3,000,000 | 17,000,000 | 5,392,000 | -2,707,000 | 3,257,000 | 1,058,000 | 1,136,000 | -3,290,000 | 269,000 | -929,000 | 1,135,000 | 3,341,000 | -1,749,000 | -3,690,000 | -2,766,000 | -4,418,000 | 1,355,000 | 5,321,000 | -2,239,000 | 2,691,000 | -3,082,000 | -2,773,000 | 20,000 | -6,938,000 | -5,240,000 | -3,289,000 | 760,000 |
| Income Before Tax | 71,507,000,000 | 69,903,000,000 | 50,398,000,000 | 37,936,000,000 | 31,206,000,000 | 21,910,000,000 | 25,217,000,000 | 22,316,000,000 | 19,214,000,000 | 17,279,000,000 | 14,106,000,000 | 10,522,000,000 | 6,981,000,000 | 2,209,000,000 | 1,288,000,000 | 613,000,000 | 475,000,000 | 1,805,000,000 | 2,865,000,000 | 2,638,000,000 | 2,394,000,000 | 2,044,000,000 | 1,471,000,000 | 1,348,000,000 | 609,000,000 | 981,000,000 | 1,016,000,000 | 959,000,000 | 606,000,000 | 389,000,000 | 0 | 324,000,000 | 1,081,000,000 | 1,180,000,000 | 1,311,000,000 | 1,080,000,000 | 896,000,000 | 684,000,000 | 536,000,000 | 726,000,000 | 621,000,000 | 317,000,000 | 241,000,000 | 254,000,000 | 245,000,000 | 72,000,000 | 172,000,000 | 228,000,000 | 209,000,000 | 155,000,000 | 163,000,000 | 168,634,000 | 141,484,000 | 111,820,000 | 88,062,000 | 186,108,000 | 253,628,000 | 145,208,000 | 77,095,000 | 124,577,000 | 204,787,000 | 177,547,000 | 156,485,000 | 597,563,000 | 103,585,000 | -169,047,000 | -260,932,000 | 150,725,000 | 0 | 110,207,000 | -107,101,000 | 0 | 0 | 0 | 0 | 0 |
| Income Tax | 11,819,000,000 | 11,582,000,000 | 7,438,000,000 | 6,026,000,000 | 4,784,000,000 | 3,135,000,000 | 3,126,000,000 | 3,007,000,000 | 2,615,000,000 | 2,398,000,000 | 1,820,000,000 | 1,279,000,000 | 793,000,000 | 166,000,000 | -126,000,000 | -67,000,000 | -181,000,000 | 187,000,000 | 189,000,000 | 174,000,000 | 20,000,000 | 132,000,000 | 14,000,000 | 12,000,000 | -13,000,000 | 64,000,000 | 65,000,000 | 60,000,000 | 54,000,000 | -5,000,000 | 0 | -242,000,000 | -149,000,000 | 79,000,000 | 67,000,000 | 149,000,000 | 58,000,000 | 101,000,000 | 29,000,000 | 71,000,000 | 79,000,000 | 56,000,000 | 33,000,000 | 46,000,000 | -1,000,000 | 46,000,000 | 38,000,000 | 35,000,000 | 36,000,000 | 27,000,000 | 26,000,000 | 21,707,000 | 22,750,000 | 15,372,000 | 10,171,000 | 12,135,000 | 44,548,000 | 26,162,000 | 16,658,000 | 8,552,000 | 26,514,000 | 25,974,000 | 21,266,000 | 43,147,000 | 18,723,000 | -28,086,000 | -15,761,000 | 13,131,000 | 8,345,000 | 2,630,000 | -1,799,000 | -23,483,000 | -90,193,000 | -745,000 | -25,671,000 | 103,696,000 |
| Net Income | 59,688,000,000 | 58,321,000,000 | 42,960,000,000 | 31,910,000,000 | 26,422,000,000 | 18,775,000,000 | 22,091,000,000 | 19,309,000,000 | 16,599,000,000 | 14,881,000,000 | 12,286,000,000 | 9,243,000,000 | 6,188,000,000 | 2,043,000,000 | 1,414,000,000 | 680,000,000 | 656,000,000 | 1,618,000,000 | 3,002,000,000 | 2,464,000,000 | 2,374,000,000 | 1,912,000,000 | 1,457,000,000 | 1,336,000,000 | 622,000,000 | 917,000,000 | 950,000,000 | 899,000,000 | 552,000,000 | 394,000,000 | 0 | 567,000,000 | 1,230,000,000 | 1,101,000,000 | 1,244,000,000 | 1,118,000,000 | 838,000,000 | 583,000,000 | 507,000,000 | 655,000,000 | 542,000,000 | 261,000,000 | 208,000,000 | 207,000,000 | 246,000,000 | 26,000,000 | 134,000,000 | 193,000,000 | 173,000,000 | 128,000,000 | 137,000,000 | 146,917,000 | 118,734,000 | 96,448,000 | 77,891,000 | 173,973,000 | 209,080,000 | 119,046,000 | 60,437,000 | 116,025,000 | 178,273,000 | 151,573,000 | 135,219,000 | 613,882,000 | 84,862,000 | -140,961,000 | -386,132,000 | 137,594,000 | 330,139,000 | 107,577,000 | -105,302,000 | -201,338,000 | -768,505,000 | 61,748,000 | -120,929,000 | 797,645,000 |
10.3. Cash Flow Statement
Operational cash dynamics from 2008-01-27 to 2026-07-26.
| 2026-07-26 | 2026-04-26 | 2026-01-25 | 2025-10-26 | 2025-07-27 | 2025-04-27 | 2025-01-26 | 2024-10-27 | 2024-07-28 | 2024-04-28 | 2024-01-28 | 2023-10-29 | 2023-07-30 | 2023-04-30 | 2023-01-29 | 2022-10-30 | 2022-07-31 | 2022-05-01 | 2022-01-30 | 2021-10-31 | 2021-08-01 | 2021-05-02 | 2021-01-31 | 2020-10-25 | 2020-07-26 | 2020-04-26 | 2020-01-26 | 2019-10-27 | 2019-07-28 | 2019-04-28 | 2019-01-28 | 2019-01-27 | 2018-10-28 | 2018-07-29 | 2018-04-29 | 2018-01-28 | 2017-10-29 | 2017-07-30 | 2017-04-30 | 2017-01-29 | 2016-10-30 | 2016-07-31 | 2016-05-01 | 2016-01-31 | 2015-10-25 | 2015-07-26 | 2015-04-26 | 2015-01-25 | 2014-10-26 | 2014-07-27 | 2014-04-27 | 2014-01-26 | 2013-10-27 | 2013-07-28 | 2013-04-28 | 2013-01-27 | 2012-10-28 | 2012-07-29 | 2012-04-29 | 2012-01-29 | 2011-10-30 | 2011-07-31 | 2011-05-01 | 2011-01-30 | 2010-10-31 | 2010-08-01 | 2010-07-31 | 2010-05-02 | 2010-01-31 | 2009-10-25 | 2009-07-26 | 2009-04-26 | 2009-01-25 | 2008-10-26 | 2008-07-27 | 2008-01-27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income | 59,688,000,000 | 58,321,000,000 | 88,157,000,000 | 31,910,000,000 | 26,422,000,000 | 18,775,000,000 | 53,571,000,000 | 19,309,000,000 | 16,599,000,000 | 14,881,000,000 | 20,517,000,000 | 9,243,000,000 | 6,188,000,000 | 2,043,000,000 | 3,688,000,000 | 680,000,000 | 656,000,000 | 1,618,000,000 | 7,288,000,000 | 2,464,000,000 | 2,374,000,000 | 1,912,000,000 | 2,996,000,000 | 1,336,000,000 | 622,000,000 | 917,000,000 | 51,000,000 | 899,000,000 | 552,000,000 | 394,000,000 | 0 | -663,000,000 | 1,230,000,000 | 1,101,000,000 | 1,244,000,000 | 280,000,000 | 838,000,000 | 583,000,000 | 507,000,000 | 113,000,000 | 542,000,000 | 261,000,000 | 208,000,000 | -39,000,000 | 246,000,000 | 26,000,000 | 134,000,000 | 20,000,000 | 173,000,000 | 128,000,000 | 137,000,000 | 28,183,000 | 118,734,000 | 96,448,000 | 77,891,000 | -35,107,000 | 209,080,000 | 119,046,000 | 60,437,000 | -62,248,000 | 178,273,000 | 151,573,000 | 135,219,000 | 86,789,000 | 84,862,000 | -140,961,000 | -386,132,000 | 137,594,000 | 23,499,000 | 107,577,000 | -105,302,000 | -201,338,000 | -91,789,000 | 61,748,000 | -120,929,000 | 797,645,000 |
| Adjustments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation And Amortization | 237,000,000 | 232,000,000 | 392,000,000 | 96,000,000 | 84,000,000 | 159,000,000 | 444,000,000 | 149,000,000 | 146,000,000 | 143,000,000 | 470,000,000 | 144,000,000 | 146,000,000 | 181,000,000 | 518,000,000 | 181,000,000 | 182,000,000 | 155,000,000 | 45,000,000 | 518,000,000 | 567,000,000 | 281,000,000 | 288,000,000 | 810,000,000 | 511,000,000 | 107,000,000 | 289,000,000 | 92,000,000 | 92,000,000 | 91,000,000 | 0 | 194,000,000 | 68,000,000 | 58,000,000 | 57,000,000 | 149,000,000 | 50,000,000 | 49,000,000 | 47,000,000 | 139,000,000 | 48,000,000 | 47,000,000 | 45,000,000 | 149,000,000 | 48,000,000 | 49,000,000 | 54,000,000 | 164,000,000 | 56,000,000 | 56,000,000 | 55,000,000 | 176,274,000 | 62,726,000 | 61,840,000 | 59,744,000 | 169,087,000 | 57,148,000 | 56,195,000 | 54,491,000 | 151,818,000 | 52,387,000 | 52,160,000 | 47,764,000 | 140,203,000 | 46,786,000 | 46,573,000 | -47,147,000 | 47,147,000 | 147,894,000 | 48,770,000 | 49,322,000 | 50,658,000 | 48,055,000 | 136,968,000 | 87,664,000 | 133,192,000 |
| Stock Based Compensation | 3,954,000,000 | 1,928,000,000 | 1,633,000,000 | 4,753,000,000 | 3,099,000,000 | 1,474,000,000 | 1,321,000,000 | 3,416,000,000 | 2,164,000,000 | 1,011,000,000 | 994,000,000 | 2,555,000,000 | 1,576,000,000 | 735,000,000 | 738,000,000 | 1,971,000,000 | 1,226,000,000 | 578,000,000 | 1,445,000,000 | 559,000,000 | 465,000,000 | 429,000,000 | 1,014,000,000 | 383,000,000 | 374,000,000 | 224,000,000 | 621,000,000 | 223,000,000 | 224,000,000 | 178,000,000 | 0 | 417,000,000 | 140,000,000 | 132,000,000 | 129,000,000 | 284,000,000 | 107,000,000 | 81,000,000 | 76,000,000 | 182,000,000 | 65,000,000 | 58,000,000 | 53,000,000 | 153,000,000 | 51,000,000 | 47,000,000 | 45,000,000 | 116,000,000 | 42,000,000 | 38,000,000 | 36,000,000 | 101,701,000 | 34,299,000 | 32,395,000 | 33,397,000 | 103,593,000 | 33,069,000 | 32,255,000 | 35,569,000 | 103,125,000 | 33,229,000 | 35,950,000 | 31,739,000 | 25,368,000 | 74,985,000 | 49,808,000 | -25,177,000 | 25,177,000 | 24,620,000 | 82,471,000 | 59,489,000 | 34,113,000 | 41,833,000 | 120,873,000 | 81,423,000 | 133,365,000 |
| Impairments | 784,000,000 | 800,000,000 | 3,622,000,000 | 378,000,000 | 886,000,000 | 2,300,000,000 | 1,278,000,000 | 322,000,000 | 345,000,000 | 210,000,000 | 566,000,000 | 208,000,000 | 343,000,000 | 105,000,000 | 646,000,000 | 354,000,000 | 570,000,000 | 0 | 173,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,891,000 | 0 | 0 |
| Deferred Taxes | 982,000,000 | 1,584,000,000 | 611,000,000 | -2,035,000,000 | -2,160,000,000 | -2,177,000,000 | -598,000,000 | -3,879,000,000 | -3,276,000,000 | -1,577,000,000 | -78,000,000 | -2,411,000,000 | -1,881,000,000 | -1,135,000,000 | -647,000,000 | -1,517,000,000 | -985,000,000 | -542,000,000 | -224,000,000 | -182,000,000 | -161,000,000 | 24,000,000 | -165,000,000 | -117,000,000 | -64,000,000 | 16,000,000 | 23,000,000 | -5,000,000 | -27,000,000 | -42,000,000 | 0 | -345,000,000 | 30,000,000 | 113,000,000 | 51,000,000 | -517,000,000 | 158,000,000 | 115,000,000 | 22,000,000 | 51,000,000 | 146,000,000 | 77,000,000 | 30,000,000 | 27,000,000 | 107,000,000 | 65,000,000 | 28,000,000 | 21,000,000 | 62,000,000 | 38,000,000 | 22,000,000 | 7,086,000 | 7,914,000 | -611,000 | -3,063,000 | -10,824,000 | 42,684,000 | 13,791,000 | 3,630,000 | 4,814,000 | 14,242,000 | 20,082,000 | 8,415,000 | -2,474,000 | -172,000 | -15,244,000 | -14,398,000 | 14,398,000 | 4,626,000 | -25,773,000 | -28,031,000 | -15,378,000 | -24,845,000 | 1,568,000 | 5,547,000 | 89,516,000 |
| Gain On Asset Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change In Working Capital | -37,149,000,000 | -5,436,000,000 | -5,911,000,000 | -17,139,000,000 | -6,422,000,000 | 1,176,000,000 | -6,595,000,000 | -8,287,000,000 | -4,724,000,000 | -3,691,000,000 | -3,097,000,000 | -3,164,000,000 | -2,181,000,000 | 110,000,000 | -29,000,000 | -3,771,000,000 | -2,948,000,000 | -2,354,000,000 | -1,041,000,000 | -3,095,000,000 | -1,176,000,000 | -716,000,000 | -179,000,000 | -977,000,000 | -205,000,000 | -337,000,000 | 93,000,000 | 542,000,000 | 153,000,000 | 88,000,000 | 0 | 489,000,000 | -1,260,000,000 | -457,000,000 | -43,000,000 | 88,000,000 | -417,000,000 | -517,000,000 | -399,000,000 | 5,000,000 | -535,000,000 | -213,000,000 | 13,000,000 | 70,000,000 | -63,000,000 | 35,000,000 | 37,000,000 | -1,000,000 | -166,000,000 | -119,028,000 | -23,229,000 | -387,000 | 46,387,000 | 26,140,000 | 102,446,000 | -466,782,000 | 268,055,000 | 226,104,000 | 157,294,000 | 105,551,000 | -24,723,000 | 48,067,000 | 90,293,000 | -107,018,000 | 49,445,000 | 56,485,000 | -228,649,000 | 228,649,000 | 348,673,000 | -81,392,000 | -166,320,000 | -218,154,000 | -446,371,000 | -8,414,000 | -2,218,000 | 366,620,000 |
| Cash From Operations | 74,421,000,000 | 50,344,000,000 | 36,188,000,000 | 66,530,000,000 | 42,779,000,000 | 27,414,000,000 | 16,629,000,000 | 47,460,000,000 | 29,833,000,000 | 15,345,000,000 | 11,499,000,000 | 16,591,000,000 | 9,259,000,000 | 2,911,000,000 | 2,248,000,000 | 3,393,000,000 | 3,001,000,000 | 1,731,000,000 | 3,033,000,000 | 6,075,000,000 | 4,556,000,000 | 1,874,000,000 | 2,067,000,000 | 3,755,000,000 | 2,476,000,000 | 909,000,000 | 1,465,000,000 | 3,296,000,000 | 1,656,000,000 | 720,000,000 | 0 | 898,000,000 | 2,845,000,000 | 2,358,000,000 | 1,445,000,000 | 1,358,000,000 | 2,144,000,000 | 987,000,000 | 282,000,000 | 721,000,000 | 951,000,000 | 201,000,000 | 319,000,000 | 511,000,000 | 664,000,000 | 409,000,000 | 246,000,000 | 443,000,000 | 463,000,000 | 247,000,000 | 151,000,000 | 400,566,000 | 434,434,000 | 272,119,000 | 175,650,000 | 451,009,000 | 373,163,000 | 191,678,000 | -9,208,000 | 410,518,000 | 498,638,000 | 254,221,000 | 172,200,000 | 434,673,000 | 241,124,000 | 28,947,000 | -135,564,000 | -5,397,000 | 69,245,000 | 418,562,000 | 277,245,000 | 142,128,000 | -19,845,000 | 269,205,000 | 226,202,000 | 1,270,196,000 |
| Investing Activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash From Investing | -35,124,000,000 | -26,429,000,000 | -30,861,000,000 | -21,367,000,000 | -12,343,000,000 | -5,216,000,000 | -7,198,000,000 | -13,223,000,000 | -8,877,000,000 | -5,693,000,000 | -6,109,000,000 | -4,457,000,000 | -1,287,000,000 | -841,000,000 | -3,000,000 | 7,378,000,000 | 4,230,000,000 | 2,612,000,000 | -1,586,000,000 | -8,244,000,000 | -3,805,000,000 | -1,272,000,000 | -3,129,000,000 | -16,546,000,000 | -14,545,000,000 | -1,055,000,000 | -151,000,000 | 6,296,000,000 | 5,040,000,000 | 1,495,000,000 | 0 | 40,000,000 | -4,137,000,000 | -4,356,000,000 | -3,551,000,000 | -24,000,000 | 1,302,000,000 | 1,016,000,000 | 754,000,000 | -373,000,000 | -420,000,000 | -93,000,000 | 176,000,000 | -213,000,000 | -187,000,000 | 12,000,000 | -235,000,000 | -318,000,000 | -409,000,000 | -394,000,000 | -330,000,000 | -1,099,659,000 | 293,659,000 | 481,032,000 | -230,786,000 | -141,436,000 | -602,556,000 | -419,757,000 | -335,054,000 | -328,495,000 | -814,869,000 | -525,724,000 | -252,506,000 | -309,251,000 | -340,427,000 | -176,443,000 | 57,342,000 | -57,342,000 | -283,774,000 | -235,559,000 | -140,062,000 | -8,905,000 | -31,352,000 | -178,015,000 | -150,113,000 | -761,318,000 |
| Capital Expenditures | 4,434,000,000 | 1,757,000,000 | 1,284,000,000 | 4,758,000,000 | 3,122,000,000 | 1,227,000,000 | 1,077,000,000 | 2,159,000,000 | 1,346,000,000 | 369,000,000 | 254,000,000 | 815,000,000 | 537,000,000 | 248,000,000 | 509,000,000 | 1,324,000,000 | - | - | 273,000,000 | 703,000,000 | 481,000,000 | 298,000,000 | - | 845,000,000 | 372,000,000 | 155,000,000 | - | 344,000,000 | 241,000,000 | 128,000,000 | - | - | 397,000,000 | 247,000,000 | 118,000,000 | - | 177,000,000 | 108,000,000 | 54,000,000 | - | 125,000,000 | 87,000,000 | 55,000,000 | - | 71,000,000 | 54,000,000 | 30,000,000 | - | 91,000,000 | 52,000,000 | 29,000,000 | - | 188,812,000 | 150,653,000 | 65,667,000 | - | 135,551,000 | 90,867,000 | 28,923,000 | 45,182,000 | 93,553,000 | 54,518,000 | 31,195,000 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | 298,000,000 | 87,000,000 | 165,000,000 | 1,370,000,000 | 677,000,000 | 383,000,000 | 542,000,000 | 465,000,000 | 317,000,000 | 39,000,000 | 0 | 83,000,000 | 83,000,000 | 83,000,000 | 0 | 49,000,000 | 49,000,000 | 36,000,000 | 60,000,000 | 203,000,000 | 0 | 0 | 0 | 8,524,000,000 | 7,171,000,000 | 34,000,000 | 4,000,000 | 0 | 0 | 0 | 0 | -145,000 | 145,000 | -145,000 | 145,000 | -145,000 | 145,000 | -145,000 | 145,000 | -145,000 | 145,000 | -145,000 | 145,000 | -145,000 | 145,000 | -145,000 | 145,000 | -145,000 | 145,000 | -145,000 | 145,000 | -145,000 | 17,145,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 348,884,000 | 348,884,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,948,000 | 27,948,000 | 75,542,000 |
| Purchase Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,705,000,000 | 3,705,000,000 | -3,705,000,000 | 3,705,000,000 | 0 | 36,000,000 | 36,000,000 | 36,000,000 | 885,000,000 | 2,249,000,000 | 1,415,000,000 | 469,000,000 | 808,000,000 | 2,669,000,000 | 1,861,000,000 | 1,267,000,000 | 736,000,000 | 2,126,000,000 | 1,683,000,000 | 1,001,000,000 | 1,645,529,000 | 1,420,471,000 | 936,214,000 | 541,950,000 | 649,138,000 | 1,729,307,000 | 1,247,664,000 | 814,222,000 | 640,548,000 | 1,324,350,000 | 711,674,000 | 427,874,000 | 526,377,000 | 1,193,323,000 | 755,626,000 | -226,963,000 | 226,963,000 | 389,338,000 | 804,610,000 | 530,110,000 | 215,088,000 | 81,966,000 | 917,987,000 | 678,704,000 | 1,250,248,000 |
| Sale Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,000,000 | 33,000,000 | -33,000,000 | 33,000,000 | 61,000,000 | 802,000,000 | 726,000,000 | 649,000,000 | 307,000,000 | 1,239,000,000 | 901,000,000 | 529,000,000 | 451,000,000 | 1,651,000,000 | 1,415,000,000 | 825,000,000 | 272,000,000 | 1,100,000,000 | 869,000,000 | 545,000,000 | 451,597,000 | 1,475,403,000 | 1,248,511,000 | 199,199,000 | 219,260,000 | 635,733,000 | 476,379,000 | -656,171,000 | 656,171,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash From Financing | -27,459,000,000 | -21,283,000,000 | -6,208,000,000 | -42,266,000,000 | -27,386,000,000 | -15,553,000,000 | -9,949,000,000 | -32,410,000,000 | -19,665,000,000 | -9,345,000,000 | -3,629,000,000 | -10,004,000,000 | -5,479,000,000 | -380,000,000 | -1,656,000,000 | -9,961,000,000 | -6,208,000,000 | -2,446,000,000 | -745,000,000 | 2,610,000,000 | 4,030,000,000 | -471,000,000 | -342,000,000 | 4,146,000,000 | 4,447,000,000 | 4,744,000,000 | -183,000,000 | -609,000,000 | -373,000,000 | -225,000,000 | 0 | -877,000,000 | -1,989,000,000 | -1,286,000,000 | -1,131,000,000 | -134,000,000 | -2,410,000,000 | -1,781,000,000 | -813,000,000 | -522,000,000 | 813,000,000 | -52,000,000 | -544,000,000 | -173,000,000 | -503,000,000 | -483,000,000 | -44,000,000 | -23,000,000 | -811,000,000 | -490,000,000 | -464,000,000 | 1,288,795,000 | -898,795,000 | -894,616,000 | -116,227,000 | -102,175,000 | 86,905,000 | 59,821,000 | 45,521,000 | 19,037,000 | 217,686,000 | 138,756,000 | 98,578,000 | 88,765,000 | 103,256,000 | 77,278,000 | -62,780,000 | 62,780,000 | 47,260,000 | 13,799,000 | -31,086,000 | -38,637,000 | 7,632,000 | -356,906,000 | -83,915,000 | -326,323,000 |
| Debt Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,980,000,000 | 0 | 0 | 0 | 0 | 5,940,000,000 | -3,960,000,000 | 3,960,000,000 | -3,960,000,000 | 3,960,000,000 | -1,980,000,000 | 1,980,000,000 | 1,980,000,000 | -8,000,000 | 1,988,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Repaid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,250,000,000 | 1,250,000,000 | 0 | 0 | 1,250,000,000 | 1,250,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Convertible Debt Repaid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000,000 | 12,000,000 | 2,000,000 | 2,000,000 | 9,000,000 | 803,000,000 | 741,000,000 | 605,000,000 | 229,000,000 | 444,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000,000 | -4,000,000 | 4,000,000 | -4,000,000 | 4,000,000 | -4,000,000 | 4,000,000 | -4,000,000 | 4,000,000 | 4,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 6,000,000,000 | 243,000,000 | 242,000,000 | 732,000,000 | 244,000,000 | 244,000,000 | 589,000,000 | 245,000,000 | 246,000,000 | 98,000,000 | 296,000,000 | 99,000,000 | 99,000,000 | 99,000,000 | 298,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 299,000,000 | 100,000,000 | 100,000,000 | 99,000,000 | 296,000,000 | 99,000,000 | 99,000,000 | 98,000,000 | 292,000,000 | 98,000,000 | 97,000,000 | 97,000,000 | 0 | 280,000,000 | 91,000,000 | 91,000,000 | 91,000,000 | 257,000,000 | 84,000,000 | 84,000,000 | 82,000,000 | 200,000,000 | 61,000,000 | 62,000,000 | 62,000,000 | 160,000,000 | 53,000,000 | 52,000,000 | 46,000,000 | 139,900,000 | 46,100,000 | 47,400,000 | 47,000,000 | 47,993,000 | 133,007,000 | 89,610,000 | 46,267,000 | 46,866,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 39,044,000,000 | 19,312,000,000 | 3,815,000,000 | 36,271,000,000 | 23,815,000,000 | 14,095,000,000 | 7,811,000,000 | 25,895,000,000 | 14,898,000,000 | 7,740,000,000 | 2,659,000,000 | 6,874,000,000 | 3,067,000,000 | 0 | 1,213,000,000 | 8,826,000,000 | 5,341,000,000 | 1,996,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 724,000,000 | 855,000,000 | 655,000,000 | 655,000,000 | 0 | 909,000,000 | 758,000,000 | -230,000,000 | 230,000,000 | 509,000,000 | 509,000,000 | 500,000,000 | 135,000,000 | 452,000,000 | 400,000,000 | 53,000,000 | 504,000,000 | 310,000,000 | 500,000,000 | 500,000,000 | 37,000,000 | 850,000,000 | 850,000,000 | 100,000,000 | 100,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 423,636,000 | 123,896,000 | 552,512,000 |
| Share Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,000,000 | -40,000,000 | 40,000,000 | -40,000,000 | 40,000,000 | -40,000,000 | 40,000,000 | -40,000,000 | 40,000,000 | -40,000,000 | 40,000,000 | 20,000,000 | -99,000,000 | 99,000,000 | 64,000,000 | 50,000,000 | -129,000,000 | 129,000,000 | 98,000,000 | 80,000,000 | -64,749,000 | 64,749,000 | 31,303,000 | 22,996,000 | -62,781,000 | 62,781,000 | 42,678,000 | 37,361,000 | -176,490,000 | 176,490,000 | 124,785,000 | 85,286,000 | 73,145,000 | 104,131,000 | 77,852,000 | -63,062,000 | 63,062,000 | 45,837,000 | 92,192,000 | 47,092,000 | 39,660,000 | 6,817,000 | 66,730,000 | 39,981,000 | 225,969,000 |
| Lease Principal Payments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest Distributions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Paid | 0 | 0 | 6,979,000,000 | 13,309,000,000 | 8,451,000,000 | 0 | 4,129,000,000 | 10,989,000,000 | 7,449,000,000 | 0 | 1,873,000,000 | 4,676,000,000 | 328,000,000 | 0 | 32,000,000 | 1,372,000,000 | 1,108,000,000 | 0 | 83,000,000 | 313,000,000 | 241,000,000 | 0 | 249,000,000 | 0 | 0 | 0 | 176,000,000 | 0 | 0 | 0 | 0 | 131,766,000 | -70,766,000 | 70,766,000 | -70,766,000 | 70,766,000 | -48,766,000 | 48,766,000 | -48,766,000 | 48,766,000 | -34,766,000 | 34,766,000 | -34,766,000 | 34,766,000 | -20,766,000 | 20,766,000 | -20,766,000 | 20,766,000 | -6,766,000 | 6,766,000 | 2,410,000 | 6,546,000 | 8,454,000 | 5,083,000 | 2,286,000 | -40,618,000 | 2,010,000 | -2,010,000 | 2,010,000 | 54,471,000 | 3,857,000 | 2,854,000 | 1,404,000 | -1,451,000 | 2,522,000 | 1,605,000 | -1,089,000 | 1,089,000 | 1,606,000 | 2,611,000 | 1,693,000 | 919,000 | 941,000 | 6,679,000 | 4,459,000 | 2,328,000 |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 246,000,000 | 0 | 0 | 0 | 252,000,000 | 0 | 0 | 0 | 254,000,000 | 0 | 0 | 0 | 246,000,000 | 0 | 0 | 0 | 138,000,000 | 0 | 0 | 0 | 54,000,000 | 0 | 0 | 0 | 0 | 165,623,000 | -110,623,000 | 110,623,000 | -110,623,000 | 110,623,000 | -55,623,000 | 55,623,000 | -55,623,000 | 55,623,000 | -42,623,000 | 42,623,000 | -42,623,000 | 42,623,000 | -25,623,000 | 25,623,000 | -25,623,000 | 25,623,000 | -8,623,000 | 8,623,000 | 591,000 | 1,085,000 | 1,915,000 | 1,294,000 | 655,000 | 583,000 | 2,189,000 | 1,474,000 | 744,000 | 754,000 | 2,254,000 | 1,510,000 | 761,000 | 3,127,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effect Of Exchange Rate On Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Summary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Change In Cash | 11,838,000,000 | 2,632,000,000 | 10,605,000,000 | 2,897,000,000 | 3,050,000,000 | 6,645,000,000 | 16,455,000,000 | 1,827,000,000 | 1,291,000,000 | 307,000,000 | 14,300,000,000 | 2,130,000,000 | 2,493,000,000 | 1,690,000,000 | 6,537,000,000 | 810,000,000 | 1,023,000,000 | 1,897,000,000 | 3,685,000,000 | 441,000,000 | 4,781,000,000 | 131,000,000 | 1,484,000,000 | -8,645,000,000 | -7,622,000,000 | 4,598,000,000 | 21,676,000,000 | 8,983,000,000 | 6,323,000,000 | 1,990,000,000 | 0 | 1,466,000,000 | -3,281,000,000 | -3,284,000,000 | -3,237,000,000 | 7,791,000,000 | 1,036,000,000 | 222,000,000 | 223,000,000 | 2,202,000,000 | 1,344,000,000 | -170,000,000 | -49,000,000 | 828,000,000 | -26,000,000 | -62,000,000 | -33,000,000 | 792,000,000 | -757,000,000 | -637,000,000 | -643,000,000 | 1,724,425,000 | -170,702,000 | 781,800,000 | -171,363,000 | 1,034,952,000 | -142,488,000 | -168,258,000 | -298,741,000 | 1,082,442,000 | -98,545,000 | -132,747,000 | 18,272,000 | 1,016,148,000 | 3,953,000 | -70,218,000 | -41,000 | 41,000 | 759,188,000 | 196,802,000 | 106,097,000 | 94,586,000 | 417,688,000 | -265,716,000 | -7,826,000 | 182,555,000 |
| Beginning Cash | 10,605,000,000 | 10,605,000,000 | -1,414,000,000 | 18,288,000,000 | 19,940,000,000 | 23,519,000,000 | -1,031,000,000 | 16,177,000,000 | 15,428,000,000 | 14,531,000,000 | 1,718,000,000 | 8,691,000,000 | 8,997,000,000 | 8,219,000,000 | 659,000,000 | 4,479,000,000 | 4,559,000,000 | 5,501,000,000 | 666,000,000 | 1,876,000,000 | 6,184,000,000 | 1,537,000,000 | -1,371,000,000 | 12,904,000,000 | 13,946,000,000 | 26,235,000,000 | 1,127,000,000 | 10,435,000,000 | 7,784,000,000 | 3,443,000,000 | - | 82,000,000 | 4,604,000,000 | 4,485,000,000 | 4,562,000,000 | 1,180,000,000 | 4,375,000,000 | 3,429,000,000 | 1,807,000,000 | -204,000,000 | 1,236,000,000 | 653,000,000 | 630,000,000 | 136,000,000 | 593,000,000 | 533,000,000 | 615,000,000 | 146,222,000 | 1,300,778,000 | 1,404,381,000 | 1,361,953,000 | 461,881,000 | 843,544,000 | -19,594,000 | 783,736,000 | 201,353,000 | 768,903,000 | 776,233,000 | 786,969,000 | 265,519,000 | 814,408,000 | 854,554,000 | 1,175,907,000 | 157,168,000 | 640,840,000 | 645,653,000 | - | 447,221,000 | 311,967,000 | 417,688,000 | 417,688,000 | 417,688,000 | 0 | 726,969,000 | 726,969,000 | 544,414,000 |
| Ending Cash | 22,443,000,000 | 13,237,000,000 | 10,605,000,000 | 21,185,000,000 | 22,990,000,000 | 30,164,000,000 | 16,455,000,000 | 18,004,000,000 | 16,719,000,000 | 14,838,000,000 | 14,300,000,000 | 10,821,000,000 | 11,490,000,000 | 9,909,000,000 | 6,537,000,000 | 5,289,000,000 | 5,582,000,000 | 7,398,000,000 | 3,685,000,000 | 2,317,000,000 | 10,965,000,000 | 1,668,000,000 | 1,484,000,000 | 4,259,000,000 | 6,324,000,000 | 30,833,000,000 | 21,676,000,000 | 19,418,000,000 | 14,107,000,000 | 5,433,000,000 | 0 | 1,466,000,000 | 1,323,000,000 | 1,201,000,000 | 1,325,000,000 | 7,791,000,000 | 5,411,000,000 | 3,651,000,000 | 2,030,000,000 | 2,202,000,000 | 2,580,000,000 | 483,000,000 | 581,000,000 | 828,000,000 | 567,000,000 | 471,000,000 | 582,000,000 | 792,000,000 | 543,778,000 | 767,381,000 | 718,953,000 | 1,724,425,000 | 672,842,000 | 762,206,000 | 612,373,000 | 1,034,952,000 | 626,415,000 | 607,975,000 | 488,228,000 | 1,082,442,000 | 715,863,000 | 721,807,000 | 1,194,179,000 | 1,016,148,000 | 644,793,000 | 575,435,000 | - | 447,262,000 | 759,188,000 | 614,490,000 | 523,785,000 | 512,274,000 | 417,688,000 | 461,253,000 | 719,143,000 | 726,969,000 |