7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 
      
    		                                                                                    
      cash flows from operating activities
    		                                                                                    
      net income
    		647,000,000 579,000,000 625,000,000 395,000,000 534,000,000 553,000,000 577,000,000 340,000,000 390,000,000 377,000,000 501,000,000 246,000,000 303,000,000 327,000,000 498,000,000 427,000,000 474,000,000 577,000,000 736,000,000 314,000,000 467,000,000 509,000,000 487,000,000 361,000,000 382,400,000 312,000,000 373,600,000 252,700,000 312,000,000 377,900,000 376,800,000 28,500,000 319,700,000 313,600,000 345,900,000 -425,500,000 256,600,000 258,100,000 186,600,000 220,400,000 233,800,000 264,100,000 231,300,000 241,400,000 218,500,000 324,400,000 221,700,000 209,600,000 186,800,000 228,400,000 191,100,000 162,000,000 186,500,000 175,700,000 175,500,000 98,100,000 132,100,000 190,700,000 157,100,000 138,900,000 137,200,000 122,600,000 114,700,000 103,300,000 101,700,000   88,700,000 113,000,000 135,200,000 120,700,000 127,300,000 136,900,000 261,900,000 175,400,000 157,000,000 172,100,000 146,200,000 150,100,000 146,600,000 145,400,000 118,700,000 122,600,000 95,500,000 
      reconciliation of net income to net cash from operating activities:
    		                                                                                    
      depreciation and amortization
    		123,000,000 120,000,000 113,000,000 113,000,000 108,000,000 110,000,000 100,000,000 97,000,000 95,000,000 93,000,000 88,000,000 89,000,000 83,000,000 81,000,000 78,000,000 77,000,000 61,000,000 60,000,000 59,000,000 57,000,000 56,000,000 58,000,000 49,000,000 50,100,000   50,300,000 48,300,000 46,100,000 48,400,000 49,100,000 49,900,000 43,000,000 32,900,000 32,500,000 32,900,000 32,700,000 31,200,000 29,900,000 28,700,000 28,300,000 27,900,000 28,600,000 27,000,000 23,200,000 22,300,000 23,100,000 23,300,000 23,400,000 23,100,000 23,600,000 23,800,000 24,100,000 22,100,000 23,500,000 20,700,000 19,000,000 21,800,000 17,700,000 17,200,000 18,100,000 15,200,000 15,800,000 16,600,000 16,200,000 15,700,000 15,600,000 31,200,000 14,600,000 16,800,000 12,500,000 11,900,000 11,600,000 9,100,000 10,300,000 9,800,000 9,300,000 9,400,000     8,800,000 8,300,000 
      stock-based compensation
    		57,000,000 61,000,000 56,000,000 54,000,000 57,000,000 56,000,000 53,000,000 50,000,000 46,000,000 50,000,000 47,000,000 39,000,000 46,000,000 38,000,000 46,000,000 48,000,000 41,000,000 41,000,000 45,000,000 44,000,000 38,000,000 35,000,000 37,000,000 32,800,000   35,700,000 30,300,000 30,500,000 34,400,000 35,100,000    28,400,000                                                  
      deferred income taxes
    		23,000,000 -1,000,000 18,000,000 -71,000,000 -16,000,000 0 25,000,000 -28,000,000 -31,000,000   -10,000,000 -7,000,000 35,000,000 30,000,000 -139,000,000 -138,000,000 15,000,000 44,000,000 -43,000,000 -47,000,000 -11,000,000 57,000,000 -15,800,000   13,800,000 -23,600,000 -63,200,000 -7,900,000 -4,200,000 -73,100,000 -32,100,000 8,500,000 185,000,000 -160,200,000 -6,600,000 2,400,000 11,300,000 -1,600,000 9,100,000 3,000,000 7,600,000 -13,800,000 -2,500,000 18,300,000 27,900,000 -14,200,000 -23,800,000 -2,300,000 13,100,000 6,300,000 -17,700,000                                
      non-cash restructuring and abandonment-related charges
    		                                                                                    
      benefit from credit losses on accounts receivable
    		5,000,000 1,000,000 5,000,000 1,000,000 4,000,000 6,000,000 4,000,000                                                                              
      gain on previously held/sold investments in non-consolidated affiliates
    		                                                                                    
      changes in assets and liabilities:
    		                                                                                    
      accounts receivable
    		-31,000,000 110,000,000 -16,000,000 -144,000,000 21,000,000 133,000,000 -197,000,000 -139,000,000 6,000,000 172,000,000 -51,000,000 -89,000,000 60,000,000 180,000,000 -117,000,000 -120,000,000 -108,000,000 42,000,000 -71,000,000 -42,000,000 62,000,000 18,000,000 -7,000,000 -169,900,000   -8,500,000 -158,600,000 4,700,000 47,700,000 -29,900,000 -138,300,000 6,700,000 45,400,000 -61,900,000 -69,200,000 9,600,000 300,000 -45,500,000 -86,400,000 72,800,000 50,900,000 -62,700,000 -86,400,000 33,900,000 -3,000,000 -42,800,000 -93,800,000 24,400,000 27,400,000 -25,000,000 -71,200,000 -16,500,000 55,500,000 -96,000,000 -80,400,000 86,300,000 13,200,000 -2,000,000 -85,500,000 -14,700,000 32,300,000 13,500,000 -66,200,000 35,400,000 -100,000 16,000,000 -63,200,000 57,300,000 -10,000,000 42,100,000 -50,500,000 94,100,000 17,000,000 -23,900,000 65,500,000 3,100,000 -500,000     -72,500,000 10,300,000 
      other current assets
    		38,000,000 -37,000,000 12,000,000 -61,000,000 31,000,000 -55,000,000 49,000,000 -32,000,000 73,000,000 4,000,000 74,000,000 -83,000,000 32,000,000 -161,000,000 -11,000,000 -76,000,000 47,000,000 -50,000,000 67,000,000 -30,000,000 37,000,000 -7,000,000 -38,000,000 -79,800,000   -5,900,000 -45,000,000 46,800,000 -58,000,000 47,800,000 -54,100,000 74,800,000 37,300,000 -128,300,000 -14,100,000 31,900,000 5,600,000 13,600,000 -33,800,000 8,200,000 -6,200,000 2,900,000 22,300,000 -7,200,000 -51,100,000 -5,000,000 -14,700,000 49,600,000 -68,600,000 12,000,000 -23,000,000 41,300,000 -83,200,000 50,800,000 -27,100,000 8,000,000 9,100,000 63,500,000 -72,400,000 -7,100,000 -600,000 6,600,000 10,200,000 2,500,000 15,700,000 26,900,000 -4,500,000 -19,200,000 -6,000,000 6,600,000 -60,600,000 -1,000,000 7,900,000 -4,600,000 -1,500,000 10,500,000 14,600,000      -15,500,000 
      other assets
    		8,000,000 -5,000,000 -19,000,000 -16,000,000 0 18,000,000 -19,000,000 -38,000,000 -7,000,000 -3,000,000 -21,000,000 -58,000,000 22,000,000 9,000,000 -21,000,000 -19,000,000 16,000,000 7,000,000 -30,000,000 40,000,000 -50,000,000 -41,000,000 2,000,000 -43,400,000   -13,500,000 -9,200,000 6,900,000 200,000 -14,500,000 700,000 2,500,000 12,100,000 -3,200,000 -3,600,000 -3,500,000 12,200,000 1,500,000 -6,500,000 -3,100,000 10,400,000 -13,900,000 3,100,000 -8,100,000 5,100,000 -1,800,000 5,300,000 -5,200,000 1,200,000 -2,000,000 2,600,000 5,700,000 1,700,000 -4,900,000 -16,700,000 18,700,000 -10,900,000 16,400,000 49,900,000 -23,000,000 -10,700,000 -12,500,000 -16,800,000 12,100,000 5,300,000 -8,000,000  -13,500,000 -3,400,000 31,300,000  -13,500,000 -9,800,000 300,000 -13,200,000 -16,800,000 -33,700,000     -200,000 -2,600,000 
      lease obligations
    		-9,000,000 -11,000,000 -8,000,000 -9,000,000 -9,000,000 -8,000,000 -7,000,000 -10,000,000 -7,000,000 -4,000,000 -5,000,000 -5,000,000 -7,000,000 -5,000,000 -2,000,000         -9,500,000                                                             
      accounts payable and accrued liabilities
    		24,000,000 -49,000,000 -292,000,000 180,000,000 127,000,000 28,000,000 -110,000,000 137,000,000 25,000,000 92,000,000 -178,000,000 197,000,000 -82,000,000 20,000,000 -296,000,000 100,000,000 162,000,000 24,000,000 -206,000,000 275,000,000 9,000,000 149,000,000 -186,000,000 176,800,000   -179,500,000 42,500,000 -13,300,000 61,000,000 -224,200,000 182,900,000 50,200,000 104,100,000 -988,600,000 963,300,000 15,200,000 29,200,000 -99,000,000 87,100,000 -700,000 37,800,000 -72,800,000 75,500,000 10,300,000 105,200,000 -131,800,000 135,700,000 29,800,000 -28,800,000 -139,600,000 150,300,000 67,300,000 -10,100,000 -105,700,000 95,100,000 7,300,000 30,100,000 -108,100,000 58,800,000 79,700,000 -10,200,000 -44,800,000 43,300,000 18,300,000 22,000,000 -33,200,000 4,800,000 14,000,000 -58,200,000 -79,000,000 38,100,000 41,700,000 11,400,000 -37,300,000 43,500,000 -5,300,000 4,400,000     31,200,000 43,900,000 
      deferred revenue
    		-156,000,000 -235,000,000 261,000,000 205,000,000 -171,000,000 -188,000,000 308,000,000 59,000,000 -132,000,000 -199,000,000 296,000,000 40,000,000 -112,000,000 -198,000,000 290,000,000 140,000,000 -124,000,000 -97,000,000 146,000,000 142,000,000 -111,000,000 -124,000,000 64,000,000 172,400,000   103,900,000 174,200,000 -90,600,000 -112,400,000 167,700,000 92,200,000 -63,200,000 -82,000,000 125,900,000 43,700,000 -35,500,000 -55,900,000 122,600,000 21,000,000 -52,400,000 -64,900,000 127,900,000 12,600,000 -36,400,000 -51,800,000 114,000,000 40,500,000 -34,000,000 -37,500,000 97,100,000 23,600,000 -48,300,000 -38,600,000 84,200,000 35,100,000 -46,800,000 -20,900,000 41,400,000 50,300,000 -42,800,000 -32,100,000 44,200,000 40,700,000 -38,300,000 -26,400,000 41,900,000 39,700,000 -38,100,000 -28,900,000 36,300,000 58,000,000 -25,900,000 -6,900,000 54,000,000 -27,300,000 -4,500,000 50,900,000     36,500,000 -11,400,000 
      uncertain tax positions and other non-current tax liabilities
    		7,000,000 4,000,000 6,000,000  0 6,000,000 6,000,000                                                                              
      other liabilities
    		6,000,000 2,000,000 -7,000,000 4,000,000 9,000,000 27,000,000 -14,000,000 15,000,000 -14,000,000 2,000,000 -24,000,000 44,000,000 -5,000,000 -29,000,000 -7,000,000 0 9,000,000 -28,000,000 -36,000,000 -99,000,000 67,000,000 29,000,000 -99,000,000 -24,100,000   21,600,000 7,200,000 -49,000,000 10,200,000 5,700,000 237,500,000 16,900,000 -2,200,000 10,700,000 10,200,000 17,400,000 -4,200,000 1,900,000 11,500,000 -11,400,000 11,100,000 20,200,000 -1,300,000 3,800,000 -11,000,000 -4,100,000 3,300,000 12,500,000 -5,400,000 20,500,000 13,100,000 4,800,000 -20,500,000 11,200,000 -21,200,000 -10,600,000 13,000,000 -10,400,000 -2,900,000 -2,000,000 13,700,000 9,300,000 6,700,000 2,900,000 -16,200,000 6,300,000 -5,500,000 17,200,000 15,800,000 16,600,000 -71,100,000 30,200,000 39,500,000 19,600,000 2,700,000 4,900,000 -4,600,000     -300,000 4,000,000 
      net cash from operating activities
    		743,000,000 543,000,000 757,000,000 674,000,000 703,000,000 686,000,000 775,000,000 477,000,000 462,000,000 604,000,000 608,000,000 377,000,000 336,000,000 291,000,000 470,000,000 299,000,000 436,000,000 594,000,000 676,000,000 658,000,000 511,000,000 632,000,000 345,000,000 479,500,000   367,100,000 376,500,000 307,300,000 385,800,000 391,500,000 404,800,000 390,400,000 464,700,000 -512,400,000 369,500,000 327,800,000 291,500,000 237,300,000 260,100,000 299,100,000 332,600,000 261,800,000 308,800,000 251,800,000 280,800,000 177,200,000 273,300,000 284,400,000 166,500,000 202,600,000 327,100,000 260,500,000 173,500,000 62,000,000 137,000,000 220,400,000 245,000,000 200,900,000 178,600,000 170,700,000 139,900,000 164,100,000 187,200,000 132,100,000 132,400,000 192,100,000 134,300,000 153,700,000 61,800,000 184,900,000 214,400,000 293,100,000 291,200,000 185,300,000 246,600,000 182,500,000 140,100,000     141,400,000 148,800,000 
      cash flows from investing activities
    		                                                                                    
      capital additions
    		-85,000,000 -75,000,000 -85,000,000 -74,000,000 -72,000,000 -93,000,000 -78,000,000 -73,000,000 -71,000,000 -54,000,000 -73,000,000 -79,000,000 -71,000,000 -74,000,000 -59,000,000 -62,000,000 -33,000,000 -30,000,000 -14,000,000 -20,000,000 -21,000,000 -41,000,000 -21,000,000 -8,100,000 -22,200,000 -18,700,000 -20,000,000 -27,500,000 -25,000,000 -22,900,000 -15,000,000 -21,200,000 -26,600,000 -24,100,000 -18,700,000 -30,400,000 -30,500,000 -28,000,000 -26,300,000 -23,100,000 -25,200,000 -21,700,000 -19,000,000 -17,800,000 -18,000,000 -19,700,000 -19,100,000 -11,300,000 -12,900,000 -9,500,000 -8,600,000 -9,800,000 -13,300,000 -6,600,000 -15,300,000 -14,100,000 -18,000,000 -16,000,000 -19,600,000 -24,400,000 -19,300,000 -19,100,000 -16,200,000 -26,400,000 -29,500,000 -22,400,000 -12,400,000 -19,000,000 -21,400,000 -24,900,000 -19,100,000 -36,000,000 -52,500,000 -60,200,000 -33,100,000 -8,300,000 -6,200,000 -6,700,000 -12,700,000 -6,900,000 -6,200,000 -5,500,000 -6,800,000 -3,100,000 
      purchases of investments
    		-40,000,000 -77,000,000 -41,000,000 -28,000,000 -536,000,000 -37,000,000 -50,000,000 -35,000,000 -53,000,000 -10,000,000 -45,000,000 -76,000,000 -62,000,000 -136,000,000 -46,000,000 -300,000,000 -28,000,000 -44,000,000 -65,000,000 -51,000,000 -22,000,000 -30,000,000 -78,000,000 -27,400,000 -40,700,000 -32,100,000 -37,800,000 -50,500,000 -50,300,000 -41,900,000 -50,300,000 -46,100,000 -48,700,000 -40,800,000 -34,500,000 -100,200,000 -105,200,000 -39,900,000 -134,600,000    -167,900,000                                          
      sales and maturities of investments
    		77,000,000 28,000,000 551,000,000 30,000,000 24,000,000 35,000,000 46,000,000 46,000,000 34,000,000 27,000,000 55,000,000 65,000,000 54,000,000 72,000,000 27,000,000 45,000,000 17,000,000 40,000,000 45,000,000 47,000,000 12,000,000 22,000,000 23,000,000 35,100,000 46,400,000 41,900,000 50,600,000 39,700,000 41,800,000 38,000,000 41,100,000 54,700,000 22,200,000   260,800,000 143,800,000      116,800,000                                          
      purchases of investments in non-consolidated affiliates
    		-2,000,000 -2,000,000 -10,000,000 0 -2,000,000 0 -2,000,000                                                                              
      receipts from settlements of net investment hedges
    		0 0 32,000,000         0 84,000,000   11,000,000 24,000,000 1,000,000 1,000,000 0    7,900,000                                                             
      cash paid for acquisitions, net of cash acquired
    		-4,000,000 0 -223,000,000 -111,000,000 -98,000,000 0 -12,000,000 0 0   0 -5,000,000 -9,000,000 -83,000,000 -153,000,000 -1,888,000,000 0 -138,000,000 -198,000,000 -1,000,000 -2,000,000 -696,000,000 -41,000,000 -84,300,000   -254,300,000       -5,000,000                              0 0 -900,000  -600,000 -100,000 -38,500,000  800,000 -1,700,000 -3,400,000 -12,700,000 0 -2,000,000       
      net cash from investing activities
    		-54,000,000 -126,000,000 224,000,000 -181,000,000 -684,000,000 -95,000,000 -96,000,000 -54,000,000 -90,000,000 -40,000,000 -63,000,000 -90,000,000 0 -11,000,000 -161,000,000 -458,000,000 -1,910,000,000 -57,000,000 -194,000,000 -224,000,000 -30,000,000 -51,000,000 -772,000,000 185,500,000   -7,200,000 -292,600,000 -68,500,000 -26,800,000 -18,500,000 -12,600,000 -3,447,300,000 21,300,000 18,600,000 104,400,000 4,900,000 101,100,000 -108,400,000 -10,500,000 10,300,000 -42,500,000 -49,300,000 -320,300,000 -131,200,000 -31,200,000 -82,200,000 -39,100,000 -203,800,000 -16,200,000 -2,800,000 -4,100,000 -20,200,000 -12,300,000 -13,600,000 -202,300,000 -24,900,000 -27,100,000 -13,300,000 -173,800,000 -21,700,000 -19,700,000 -13,600,000 -29,400,000 -30,800,000 -20,000,000 -13,600,000 -219,800,000 -18,600,000 -28,200,000 -52,700,000 -45,500,000 -42,800,000 -64,800,000 28,400,000 -26,900,000 97,800,000 -22,400,000     -6,800,000 -3,500,000 
      cash flows from financing activities
    		                                                                                    
      issuance of notes
    		   0        0 497,000,000 0 491,000,000 494,000,000    0 496,000,000 295,000,000 700,000,000     790,300,000 0   0 500,000,000 993,400,000 798,500,000     300,000,000 0 0 552,800,000 0    0    0        0            0       0      
      repayment of notes
    		0 0 -700,000,000     0 -300,000,000   -126,000,000        0 -500,000,000   -500,000,000 0 0 -450,000,000 -50,000,000 -300,000,000      -300,000,000                         -1,900,000                   0      
      proceeds from stock-based compensation plans
    		12,000,000 9,000,000 23,000,000 13,000,000 15,000,000 25,000,000 20,000,000 10,000,000 9,000,000 20,000,000 11,000,000 5,000,000 5,000,000 8,000,000 8,000,000 8,000,000 7,000,000 14,000,000 9,000,000 10,000,000 12,000,000 13,000,000 16,000,000 8,600,000 7,600,000 14,600,000 14,200,000 4,000,000 6,000,000 8,400,000 28,500,000 6,300,000 10,200,000 17,000,000 22,100,000 5,300,000 35,600,000 12,600,000 24,300,000 17,100,000 17,100,000                                            
      repurchase of shares related to stock-based compensation
    		-4,000,000 -35,000,000 -53,000,000 -6,000,000 -3,000,000 -29,000,000 -53,000,000 -4,000,000 -3,000,000 -19,000,000 -45,000,000 -2,000,000 -2,000,000 -25,000,000 -58,000,000 -1,000,000 -3,000,000 -28,000,000 -51,000,000 -3,000,000 -1,000,000 -29,000,000 -71,000,000 -1,100,000 -1,000,000 -24,300,000 -50,600,000 -200,000 -500,000 -19,500,000 -42,000,000    -47,500,000                                                  
      treasury shares
    		-513,000,000 -284,000,000 -373,000,000 -480,000,000 -428,000,000 -264,000,000 -120,000,000 -212,000,000 -170,000,000 -67,000,000 -41,000,000 0 -112,000,000 -311,000,000 -560,000,000 -122,000,000 -125,000,000 -371,000,000 -132,000,000 -250,000,000 0 0 -253,000,000 -263,000,000 -112,800,000 -167,000,000 -448,200,000 -55,400,000 -66,200,000 -37,600,000 -43,400,000                                                      
      dividends
    		-168,000,000 -171,000,000 -195,000,000 -155,000,000 -156,000,000 -154,000,000 -155,000,000 -140,000,000 -141,000,000 -142,000,000 -141,000,000 -128,000,000 -128,000,000 -129,000,000 -130,000,000 -116,000,000 -115,000,000 -116,000,000 -116,000,000 -105,000,000 -105,000,000 -105,000,000 -105,000,000 -94,400,000 -94,600,000 -94,600,000 -94,400,000 -84,300,000 -84,300,000 -84,500,000 -84,100,000    -72,600,000                                                  
      dividends to noncontrolling interests
    		-1,000,000   -6,000,000 0                   -2,200,000 0   -400,000 -2,700,000 -200,000 -1,100,000    -200,000                                                  
      debt issuance costs, extinguishment costs and related fees
    		               -18,000,000    0 -22,000,000       -8,800,000 -100,000                                                        
      net cash from financing activities
    		-674,000,000 -482,000,000 -1,298,000,000 -634,000,000 -81,000,000 -423,000,000 -308,000,000 -353,000,000 -607,000,000 -408,000,000 -216,000,000 -251,000,000 -245,000,000 -360,000,000 -352,000,000 -257,000,000 927,000,000 -502,000,000 -290,000,000 -354,000,000 -120,000,000 -642,000,000 765,000,000 -46,000,000   -848,800,000 568,700,000 -512,600,000 -285,300,000 -182,300,000 -289,500,000 719,100,000 623,900,000 553,700,000 -127,200,000 -259,800,000 -283,600,000 -339,200,000 51,500,000 -354,900,000 -281,500,000 123,900,000 -671,100,000 107,800,000 -279,100,000 -222,100,000 -155,600,000 83,000,000 -270,200,000 -156,000,000 -91,800,000 436,900,000 -135,500,000 -7,000,000 -25,300,000 -239,300,000 -8,000,000 -145,100,000 -136,600,000 119,100,000 -111,900,000 -111,900,000 -105,200,000 -70,700,000 -93,500,000 -79,400,000 -73,400,000 -39,900,000 6,600,000 -238,100,000 -168,300,000 -200,000,000 -159,100,000 -334,100,000 -161,300,000 -561,700,000 -109,600,000     16,500,000 -26,800,000 
      effect of exchange rate changes on cash and cash equivalents
    		-8,000,000 100,000,000 48,000,000 -93,000,000 69,000,000 -9,000,000 -25,000,000 54,000,000 -37,000,000 3,000,000 21,000,000 77,000,000 -52,000,000 -53,000,000 -18,000,000 -12,000,000 -23,000,000 5,000,000 -20,000,000 25,000,000 32,000,000 19,000,000 -29,000,000 23,900,000 -28,100,000 2,700,000 500,000 -2,400,000 -5,900,000 -36,500,000 15,100,000 6,000,000 19,700,000 41,400,000 18,200,000 -41,300,000 -1,100,000 -10,800,000 29,000,000 -14,800,000 -22,000,000 20,100,000 -46,000,000 -38,700,000 -64,900,000 14,600,000 -200,000 5,800,000 38,500,000 -5,100,000 -41,200,000 5,700,000 17,200,000 -16,300,000 13,300,000 -3,600,000 -40,500,000 9,100,000 17,400,000 -2,300,000 39,700,000 -18,800,000 -16,100,000 -1,400,000 -700,000 32,200,000 -3,300,000 -33,800,000 -36,700,000 200,000 19,300,000 4,600,000 9,200,000 4,800,000 1,800,000 0 8,700,000 1,800,000     4,000,000 200,000 
      increase in cash and cash equivalents
    		7,000,000 35,000,000 -269,000,000 -234,000,000 7,000,000 159,000,000 346,000,000 124,000,000 -272,000,000 159,000,000 350,000,000   -133,000,000 -61,000,000 -428,000,000 -570,000,000 40,000,000 172,000,000 105,000,000 393,000,000 -42,000,000 309,000,000    -488,400,000   37,200,000 205,800,000    78,100,000                                 -192,700,000    5,200,000   -118,600,000 58,400,000 -272,700,000 9,900,000     155,100,000 118,700,000 
      cash and cash equivalents, beginning of period
    		0 0 2,408,000,000 0 0 0 2,130,000,000 0 0 0 1,769,000,000 0 0 0 1,811,000,000 0 0 0 2,597,000,000 0 0 0 1,832,000,000 0 0 0 1,685,000,000 0 0 0 1,071,500,000                                                      
      cash and cash equivalents, end of period
    		7,000,000 35,000,000 2,139,000,000 -234,000,000 7,000,000 159,000,000 2,476,000,000 124,000,000 -272,000,000 159,000,000 2,119,000,000 113,000,000 39,000,000 -133,000,000 1,750,000,000 -428,000,000 -570,000,000 40,000,000 2,769,000,000 105,000,000 393,000,000 -42,000,000 2,141,000,000 654,000,000 -17,900,000 -700,000 1,196,600,000 650,200,000 -279,700,000 37,200,000 1,277,300,000                                                      
      non-cash restructuring charges
    		 4,000,000 3,000,000                                                                                  
      non-cash restructuring and asset impairment/abandonment-related charges
    		                                                                                    
      fx translation losses reclassified to net income
    		           0 0                                                                        
      gain on extinguishment of debt
    		                                                                                    
      unrecognized tax positions and other non-current tax liabilities
    		                                                                                    
      sales of/distributions from investments in non-consolidated affiliates
    		                                                                                    
      asset impairment and abandonment-related charges
    		                                                                                    
      gain on previously held equity method investments
    		                                                                                    
      sales of investments in non-consolidated affiliates
    		                                                                                    
      debt issuance costs and related fees
    		            -5,000,000 0 -5,000,000                -200,000 100,000 -900,000 -13,900,000 -4,900,000 0    -3,600,000 -100,000 -1,600,000 -4,200,000 0    0    0 -3,800,000       -300,000        0 0          -300,000      
      rou asset impairment & other non-cash restructuring/impairment charges
    		       23,000,000            13,000,000    400,000                                                             
      (gain)/loss on extinguishment of debt
    		                                                                                    
      gain on sale/non-cash exchange of investments in non-consolidated affiliates
    		                                                                                    
      payments for settlements of net investment hedges
    		               1,000,000 -2,000,000 -24,000,000 -23,000,000                                                                  
      uncertain tax positions
    		        6,000,000 -1,000,000 -119,000,000                                                                          
      dividends to noncontrolling interest
    		            0    -2,000,000    0                                                                
      cash paid for asr contract relating to shares retained by counterparty until final settlement
    		              -98,000,000            -125,300,000                                                          
      loss pursuant to the divestiture of maks
    		                   0 0 0 9,000,000                                                              
      (gain)/loss on extinguishment/early redemption of debt
    		                                                                                    
      non-cash gain related to minority interest in bitsight
    		                                                                                    
      settlement of treasury rate lock
    		                   0                                                                 
      issuance of commercial paper
    		                   0 0 0 789,000,000 9,800,000 364,800,000 539,600,000 402,800,000 554,300,000 75,000,000 139,800,000 219,600,000 399,600,000 733,800,000 50,000,000 653,700,000                         0 322,900,000 1,121,600,000 788,300,000 3,372,500,000 2,689,400,000 2,653,800,000 2,359,800,000 642,500,000 3,224,500,000 2,666,800,000 4,988,900,000              
      repayment of commercial paper
    		                   0 0 -487,000,000 -305,000,000 -10,000,000 -495,000,000 -730,000,000 -85,000,000 -580,800,000 -139,800,000 -139,800,000 -259,600,000 -584,000,000 -419,500,000                                   -592,300,000 -3,271,600,000 -3,162,800,000 -4,942,700,000              
      payment for noncontrolling interest
    		                       300,000 0 0 -12,300,000     -2,300,000 0                                                    
      decrease in cash and cash equivalents
    		                                                                     40,400,000 -86,600,000              
      unrecognized tax benefits and other non-current tax liabilities
    		             -26,000,000 -18,000,000  -4,000,000 3,000,000 -78,000,000  4,000,000 5,000,000 -18,000,000    -21,900,000  76,400,000 -15,700,000 -17,900,000 44,600,000 10,000,000 7,500,000 900,000 4,000,000 2,500,000 -9,600,000 5,300,000  2,200,000 -19,500,000 7,400,000  12,700,000 11,300,000 -5,500,000  10,300,000 23,800,000 10,700,000                                  
      prepayment penalty relating to early redemption of debt
    		                   0                                                                 
      cash received upon disposal of a business, net of cash transferred to purchaser
    		                                                                                    
      payment to acquire noncontrolling interests
    		                    0                                                                
      reclassification of cash to assets held for sale
    		                        -3,100,000                                                            
      restructuring liability
    		                      -12,000,000                                                -11,700,000              
      debt issuance costs
    		                      -6,000,000                                                              
      ccxi gain
    		                               0 0 0 -59,700,000                                                  
      purchase price hedge gain
    		                               0 -69,900,000                                                    
      receipts from purchase price hedge
    		                               0                                                     
      impairment pursuant to the planned divestiture of maks
    		                                                                                    
      cash received upon disposal of a subsidiary, net of cash transferred to purchaser
    		                           0 0 0 5,700,000                                                      
      the accompanying notes are an integral part of the condensed consolidated financial statements.
    		                                                                                    
      restructuring
    		                          -2,500,000                              100,000 -100,000 -100,000  -400,000 -1,100,000 -3,200,000  -1,600,000 800,000 8,600,000  -6,800,000                
      fx gain relating to liquidation and sale of subsidiaries
    		                                                                                    
      legacy tax matters
    		                                   0    0    0        0    0 0                            
      contingent consideration
    		                                                                                    
      cash paid for acquisitions, net of cash acquired and equity investments
    		                               0 -3,506,000,000                                                    
      stock-based compensation expense
    		                                31,800,000    23,900,000 23,500,000 25,400,000  22,100,000 21,700,000 22,700,000  19,300,000 20,300,000 20,300,000 17,800,000 16,000,000 16,100,000 17,200,000 18,200,000 16,400,000 14,900,000 15,000,000 13,500,000 12,900,000 14,300,000 16,000,000 15,300,000 13,600,000 12,900,000 14,800,000 13,000,000 13,800,000 16,100,000 14,500,000 16,900,000 17,100,000 18,000,000 11,200,000 19,000,000 23,500,000 26,500,000 21,200,000 20,000,000 20,700,000 13,900,000     8,700,000 6,700,000 
      receipts from settlement of net investment hedges
    		                                700,000                                                    
      repayments of notes
    		                                0                0 -31,900,000 -31,900,000  -31,900,000 -3,700,000 -3,800,000  -3,700,000 -1,900,000 -1,900,000                          
      repurchase of shares for payroll tax withholdings related to stock-based compensation
    		                                -400,000    -800,000 -500,000 -42,700,000  -200,000                                            
      cost of treasury shares repurchased
    		                                -29,100,000 -79,500,000 -55,000,000  -193,000,000 -223,800,000 -262,100,000  -304,900,000 -234,900,000 -365,800,000 -440,300,000 -320,500,000 -258,100,000 -201,600,000 -145,500,000 -397,200,000 -259,100,000 -91,300,000 -71,400,000 -25,100,000   0 -206,200,000 0 -127,600,000 -104,000,000 -19,700,000 -70,000,000 -29,900,000     -120,000,000 -145,000,000 -63,400,000 -264,500,000 -311,400,000 -484,400,000 -500,000,000 -442,600,000 -168,200,000 -574,000,000 -201,800,000 -363,500,000 -309,000,000   0 -35,100,000 
      payment of dividends
    		                                -72,600,000    -70,900,000 -71,500,000 -72,100,000  -67,800,000 -68,500,000 -68,700,000 -57,800,000 -59,000,000 -59,300,000 -59,900,000 -53,600,000 -54,600,000 -44,600,000 -44,500,000 -35,700,000 -35,700,000 -35,900,000 -35,700,000 -31,100,000 -31,700,000 -31,900,000 -26,300,000  -24,600,000 -24,600,000 -24,900,000    -23,500,000 -23,500,000 -24,100,000 -24,500,000 -24,700,000 -20,500,000 -20,800,000 -21,600,000 -22,300,000 -19,600,000 -19,900,000 -20,400,000 -15,900,000 -16,600,000 -16,600,000 -11,200,000 -11,300,000 -11,000,000 
      payment of dividends to noncontrolling interests
    		                                -2,400,000    0 -1,700,000 -2,900,000  -900,000 0 -3,700,000 -2,100,000 -2,000,000 -2,300,000 -5,400,000 -2,300,000 -1,700,000 -2,100,000 -6,100,000 -1,500,000 -2,300,000 -800,000 -3,700,000 -300,000 -300,000 -500,000 -4,000,000 -400,000 -300,000 -3,500,000 -600,000 -800,000 0                    
      net decrease in cash and cash equivalents
    		                                                                                    
      cash and cash equivalents, beginning of the period
    		                                0 0 2,051,500,000  0 0 1,757,400,000  0 0 1,219,500,000  0 0 1,919,500,000  0 0 1,755,400,000  0 0 760,000,000  0 0 659,600,000 0 0 0 473,900,000 0 0 0 245,900,000 0 0 0 426,300,000 0 0 0 408,100,000 0 0 486,000,000     0 0 
      cash and cash equivalents, end of the period
    		                                -2,318,100,000 1,151,300,000 2,129,600,000  71,800,000 98,200,000 1,576,100,000  -67,500,000 28,700,000 1,509,900,000  163,500,000 -14,900,000 1,792,200,000  202,100,000 -125,000,000 1,758,000,000  694,400,000 9,400,000 814,700,000  -84,300,000 219,000,000 719,500,000 -134,100,000 307,800,000 -10,500,000 496,400,000 51,200,000 29,900,000 51,100,000 341,700,000 -192,700,000 58,500,000 40,400,000 339,700,000 5,200,000 59,500,000 72,100,000 289,500,000 58,400,000 -272,700,000 495,900,000     155,100,000 118,700,000 
      net increase in cash and cash equivalents
    		                                    71,800,000 98,200,000 -181,300,000  -67,500,000 28,700,000 290,400,000    -127,300,000  202,100,000 -125,000,000 2,600,000  694,400,000 9,400,000 54,700,000  -84,300,000 219,000,000 59,900,000  307,800,000 -10,500,000 22,500,000  29,900,000 51,100,000 95,800,000                  
      sales and maturities of short-term investments
    		                                  76,800,000    126,100,000  226,700,000    45,000,000 31,900,000 13,800,000 33,600,000 6,800,000 5,200,000 11,400,000 14,100,000 16,200,000 9,500,000 14,700,000 13,600,000 8,400,000 6,900,000 12,000,000 1,400,000 7,300,000 6,400,000 9,900,000 3,900,000 7,100,000   4,800,000 4,200,000 2,900,000 4,000,000              
      repayments of commercial paper
    		                                  -440,400,000                          -664,400,000 -1,137,100,000 -860,000,000  -2,528,700,000 -2,475,900,000 -2,272,000,000                  
      excess tax benefits from settlement of stock-based compensation awards
    		                                                                                    
      icra gain
    		                                           0 0                                        
      excess tax benefits from stock-based compensation plans
    		                                    -14,800,000 -1,300,000 -16,300,000  -3,400,000 -3,700,000 -37,400,000  -9,300,000 -6,400,000 -38,800,000  -5,400,000 -10,900,000 -16,100,000  -2,600,000 -600,000 -8,600,000  -100,000 -3,100,000 -2,800,000  -2,800,000 -300,000 -3,000,000  -300,000 -2,500,000 -400,000  -1,900,000 -3,800,000 -1,700,000  -4,500,000 -13,100,000 -29,700,000 -11,000,000 -12,800,000 -61,500,000       
      acquisitions, net of cash acquired
    		                                    -3,200,000 0 -75,900,000                                              
      settlement of net investment hedges
    		                                    0 200,000 2,300,000 18,900,000                                             
      excess tax benefits from settlement of stock-based compensation plans
    		                                    14,800,000 1,300,000 16,300,000  3,400,000 3,700,000 37,400,000  9,300,000 6,400,000 38,800,000  5,400,000 10,900,000 16,100,000                                  
      acquisition of noncontrolling interests
    		                                                                                    
      contingent consideration paid
    		                                           -6,000,000    0 2,200,000   0 0                                
      unrecognized tax benefits
    		                                                    12,400,000 9,100,000 -83,000,000  -6,500,000 -5,800,000 12,200,000  14,900,000 -1,800,000 8,700,000  -30,600,000 -9,900,000 13,700,000                  
      cash paid for acquisitions and investment in affiliates, net of cash acquired
    		                                                                                    
      purchases of short-term investments
    		                                        -191,200,000    -28,200,000 -35,500,000 -4,300,000 -10,700,000 -197,700,000 -11,900,000 -5,600,000 -8,400,000 -23,100,000 -11,700,000 -13,000,000 -14,400,000 -12,300,000 -10,900,000 -5,700,000 -2,200,000 -9,700,000 -7,000,000 -7,300,000 -6,900,000 -8,400,000 -2,000,000 -300,000 -3,400,000 -800,000                
      cash paid for acquisitions, net of cash required
    		                                                                                    
      receipts for settlement of net investment hedges
    		                                         0 20,800,000                                          
      cash paid into escrow for icra share tender offer
    		                                              -72,600,000                                      
      net (outlay) proceeds from stock-based compensation plans
    		                                          -23,900,000                                          
      goodwill impairment charge
    		                                                                                    
      net proceeds from stock plans
    		                                                                   1,200,000 5,800,000 12,800,000 3,700,000 13,100,000 11,400,000 19,900,000 21,500,000 15,500,000 19,400,000 51,100,000       
      payment to redeem noncontrolling interest
    		                                                                                    
      net proceeds from stock-based compensation plans
    		                                            43,100,000 34,200,000 6,000,000  35,800,000 59,100,000 1,700,000  37,000,000 7,300,000 27,600,000  2,500,000 23,200,000 11,900,000  11,700,000 1,800,000 12,500,000  2,200,000 11,100,000 1,300,000                  
      cash paid for acquisitions
    		                                                        -3,000,000                            
      deferred rent
    		                                                                                    
      borrowings under revolving credit facilities
    		                                                           0    0 180,000,000 768,000,000 1,464,000,000     0             
      repayments of borrowings under revolving credit facilities
    		                                                           0    0 -390,000,000 -1,026,000,000 -1,609,000,000     -400,000,000             
      payments under capital lease obligations
    		                                                           -200,000 -300,000 -400,000 -300,000 -300,000 -300,000 -400,000 -400,000 -400,000 -400,000 -400,000 -500,000 -400,000 -700,000 -500,000 -400,000    -400,000 -300,000 -300,000 -300,000 -400,000 -300,000 
      acquisitions
    		                                                                                    
      insurance recovery
    		                                                                   0 0 0 900,000              
      payment of dividends to mco shareholders
    		                                                               -23,700,000 -23,600,000                    
      non-cash portion of restructuring charge
    		                                                                                    
      excess tax benefits from exercise of stock options
    		                                                                                    
      issuance of long term debt
    		                                                                                    
      legacy tax
    		                                                                    0   0 0            
      proceeds from term loan
    		                                                                                    
      net income attributable to moody’s
    		                                                                  90,200,000                  
      gain on sale of building
    		                                                                                    
      other
    		                                                                                  1,500,000  
      other assets and prepaid pension costs
    		                                                                                    
      net proceeds from sale of building
    		                                                                                    
      borrowings under revolving credit facility
    		                                                                    1,890,200,000     330,000,000 80,000,000          
      repayments of borrowings under revolving credit facility
    		                                                                                    
      proceeds from issuance of notes
    		                                                                                    
      fin no. 48 and other non-current tax and related liabilities
    		                                                                                    
      purchases of marketable securities
    		                                                                       -13,800,000 100,000 -5,300,000 -172,400,000 -8,700,000 -109,700,000 -229,100,000       
      sales and maturities of marketable securities
    		                                                                       4,400,000 8,800,000 2,400,000 237,300,000 2,800,000 213,700,000 215,400,000       
      prepaid pension costs
    		                                                                           1,100,000 1,300,000 1,000,000      100,000 
      tax benefits from exercise of stock options
    		                                                                                  19,200,000 9,600,000 
      other current assets and prepaid pension costs
    		                                                                                    
      net repayments of bank borrowings
    		                                                                                    
      proceeds from stock plans
    		                                                                              22,600,000 14,000,000 19,600,000 32,900,000 28,200,000 19,600,000 
      net cash from connection with investments in affiliates
    		                                                                               0     
      net cash (used) acquired in connection with business acquisitions and investments in affiliates
    		                                                                                    
      net (repayments of) proceeds from bank borrowings
    		                                                                                    
      (net cash used) acquired in connection with investments in affiliates
    		                                                                                    
      additional minimum pension liability
    		                                                                                    
      write-off of investment in affiliate
    		                                                                                    
      write-off of computer software, property and equipment
    		                                                                                    
      (cash paid for) cash acquired in investments in affiliates
    		                                                                                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.