Valuation for PM - findataslice
 Philip Morris International Inc.
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Close Price of Common Stock154.56$162.19$182.12$158.63$120.33$121.37$101.28$91.59$94.16$92.58$97.60$97.22$101.21$83.09$98.78$94.06$95.01$94.76$99.14$88.81$82.79$75.02$70.17$72.77$85.04$75.96$78.54$88.39$66.78$81.56$80.75$99.42$105.60$111.01$
Market Cap of Common Stock240,586,447,927$252,463,224,568$283,472,909,186$246,647,000,967$187,093,104,225$188,706,262,182$157,445,529,516$142,189,499,719$146,166,786,083$143,716,117,968$151,494,396,163$150,705,890,887$156,895,975,289$128,803,070,924$153,119,897,014$145,776,804,467$147,914,197,877$147,687,344,402$154,513,357,883$138,317,299,331$128,930,186,424$116,827,698,572$109,255,994,034$113,223,711,146$132,311,577,770$118,173,815,959$122,184,973,762$137,409,710,166$103,811,106,109$126,785,578,278$125,523,753,294$154,422,116,459$164,018,193,187$172,411,646,262$
Market Cap of Common Stock QoQ%(4.70%)(10.94%)14.93%31.83%(.86%)19.86%10.73%(2.72%)1.71%(5.13%).52%(3.95%)21.81%(15.88%)5.04%(1.45%).15%(4.42%)11.71%7.28%10.36%6.93%(3.50%)(14.43%)11.96%(3.28%)(11.08%)32.37%(18.12%)1.01%(18.71%)(5.85%)(4.87%)
Market Cap of Common Stock YoY%28.59%33.79%80.05%73.46%28.00%31.31%3.93%(5.65%)(6.84%)11.58%(1.06%)3.38%6.07%(12.79%)(.90%)5.39%14.72%26.42%41.42%22.16%(2.56%)(1.14%)(10.58%)(17.60%)27.45%(6.79%)(2.66%)(11.02%)(36.71%)(26.46%)
Common Shares Outstanding1,556,589,3371,556,517,1821,554,857,2211,554,833,4101,554,801,5341,554,556,9661,552,456,5971,552,405,9911,552,345,1931,552,196,6821,550,232,8951,550,202,3051,550,163,3281,550,110,3161,549,827,8171,556,827,6801,558,540,9921,558,536,9971,557,451,8561,557,315,9371,557,287,3711,557,129,5381,555,911,9301,555,874,6211,555,839,8521,555,802,8111,554,584,3441,554,523,9011,554,506,8451,554,473,7251,553,229,8981,553,202,5871,553,188,1111,553,143,1951,551,385,8841,551,349,8901,551,326,9871,551,264,3261,549,347,4561,549,295,6951,549,185,6921,549,145,0971,546,930,9581,553,715,1401,562,131,0771,572,877,2911,585,195,1731,602,166,187
Common Shares Outstanding QoQ%.01%.11%.00%.00%.02%.14%.00%.00%.01%.13%.00%.00%.00%.02%(.45%)(.11%).00%.07%.01%.00%.01%.08%.00%.00%.00%.08%.00%.00%.00%.08%.00%.00%.00%.11%.00%.00%.00%.12%.00%.01%.00%.14%(.44%)(.54%)(.68%)(.78%)(1.06%)(1.01%)
Common Shares Outstanding YoY%.12%.13%.16%.16%.16%.15%.14%.14%.14%.14%.03%(.43%)(.54%)(.54%)(.49%)(.03%).08%.09%.10%.09%.09%.09%.09%.09%.09%.09%.09%.09%.09%.09%.12%.12%.12%.12%.13%.13%.14%.14%.16%(.28%)(.83%)(1.51%)(2.41%)(3.02%)(3.49%)(3.83%)(3.80%)(4.09%)
Total Revenue TTM39,058,000,000$38,386,000,000$37,878,000,000$37,219,000,000$36,449,000,000$35,948,000,000$35,174,000,000$34,279,000,000$33,170,000,000$32,035,000,000$31,762,000,000$31,714,000,000$31,804,000,000$31,566,000,000$31,405,000,000$30,745,000,000$30,069,000,000$29,126,000,000$28,694,000,000$28,963,000,000$29,159,000,000$30,207,000,000$29,805,000,000$29,591,000,000$29,453,000,000$29,480,000,000$29,625,000,000$30,420,000,000$30,389,000,000$29,580,000,000$28,748,000,000$39,643,000,000$52,105,000,000$64,229,000,000$74,953,000,000$74,135,000,000$73,622,000,000$73,344,000,000$73,908,000,000$75,478,000,000$77,391,000,000$79,679,000,000$80,106,000,000$80,555,000,000$79,849,000,000$79,281,000,000$80,029,000,000$
Total Revenue10,140,000,000$9,301,000,000$9,706,000,000$9,911,000,000$9,468,000,000$8,793,000,000$9,047,000,000$9,141,000,000$8,967,000,000$8,019,000,000$8,152,000,000$8,032,000,000$7,832,000,000$7,746,000,000$8,104,000,000$8,122,000,000$7,594,000,000$7,585,000,000$7,444,000,000$7,446,000,000$6,651,000,000$7,153,000,000$7,713,000,000$7,642,000,000$7,699,000,000$6,751,000,000$7,499,000,000$7,504,000,000$7,726,000,000$6,896,000,000$8,294,000,000$7,473,000,000$6,917,000,000$6,064,000,000$19,189,000,000$19,935,000,000$19,041,000,000$16,788,000,000$18,371,000,000$19,422,000,000$18,763,000,000$17,352,000,000$19,941,000,000$21,335,000,000$21,051,000,000$17,779,000,000$20,390,000,000$
Total Revenue QoQ%9.02%(4.17%)(2.07%)4.68%7.68%(2.81%)(1.03%)1.94%11.82%(1.63%)1.49%2.55%1.11%(4.42%)(.22%)6.95%.12%1.89%(.03%)11.95%(7.02%)(7.26%).93%(.74%)14.04%(9.98%)(.07%)(2.87%)12.04%(16.86%)10.99%8.04%14.07%(68.40%)(3.74%)4.70%13.42%(8.62%)(5.41%)3.51%8.13%(12.98%)(6.53%)1.35%18.40%(12.81%)(1.16%)
Total Revenue YoY%7.10%5.78%7.28%8.42%5.59%9.65%10.98%13.81%14.49%3.52%.59%(1.11%)3.13%2.12%8.87%9.08%14.18%6.04%(3.49%)(2.57%)(13.61%)5.96%2.85%1.84%(.35%)(2.10%)(9.59%).42%11.70%13.72%(56.78%)(62.51%)(63.67%)(63.88%)4.45%2.64%1.48%(3.25%)(7.87%)(8.97%)(10.87%)(2.40%)(2.20%)3.42%2.77%(4.04%)3.28%
Gross Margin67.66%67.32%64.73%66.04%64.67%63.66%61.73%65.38%64.00%62.12%60.61%63.46%66.19%66.33%65.36%68.04%69.02%70.02%65.45%67.55%67.24%66.42%63.98%65.91%65.39%63.49%62.92%65.11%64.48%62.08%63.82%63.40%63.58%64.10%23.31%22.82%22.50%23.75%21.87%23.40%23.88%25.28%22.89%24.01%24.23%25.55%25.44%
Earnings to Common Shareholders TTM8,206,000,000$7,574,000,000$7,034,000,000$9,805,000,000$8,780,000,000$7,944,000,000$7,791,000,000$7,991,000,000$8,025,000,000$8,688,000,000$9,023,000,000$8,720,000,000$9,057,000,000$8,997,000,000$9,084,000,000$8,967,000,000$8,850,000,000$8,626,000,000$8,036,000,000$7,681,000,000$7,275,000,000$7,652,000,000$7,185,000,000$7,479,000,000$7,830,000,000$7,709,000,000$7,911,000,000$6,695,000,000$6,418,000,000$6,001,000,000$6,035,000,000$7,052,000,000$7,020,000,000$7,027,000,000$6,967,000,000$6,505,000,000$6,509,000,000$6,608,000,000$6,873,000,000$7,236,000,000$7,449,000,000$7,413,000,000$7,493,000,000$7,868,000,000$8,053,000,000$8,326,000,000$8,576,000,000$
Earnings to Common Shareholders3,031,000,000$2,682,000,000$(580,000,000$)3,073,000,000$2,399,000,000$2,142,000,000$2,191,000,000$2,048,000,000$1,563,000,000$1,989,000,000$2,391,000,000$2,082,000,000$2,226,000,000$2,324,000,000$2,088,000,000$2,419,000,000$2,166,000,000$2,411,000,000$1,971,000,000$2,302,000,000$1,942,000,000$1,821,000,000$1,616,000,000$1,896,000,000$2,319,000,000$1,354,000,000$1,910,000,000$2,247,000,000$2,198,000,000$1,556,000,000$694,000,000$1,970,000,000$1,781,000,000$1,590,000,000$1,711,000,000$1,938,000,000$1,788,000,000$1,530,000,000$1,249,000,000$1,942,000,000$1,887,000,000$1,795,000,000$1,612,000,000$2,155,000,000$1,851,000,000$1,875,000,000$1,987,000,000$
Earnings to Common Shareholders QoQ%13.01%562.41%(118.87%)28.10%12.00%(2.24%)6.98%31.03%(21.42%)(16.81%)14.84%(6.47%)(4.22%)11.30%(13.68%)11.68%(10.16%)22.32%(14.38%)18.54%6.65%12.69%(14.77%)(18.24%)71.27%(29.11%)(15.00%)2.23%41.26%124.21%(64.77%)10.61%12.01%(7.07%)(11.71%)8.39%16.86%22.50%(35.69%)2.92%5.13%11.35%(25.20%)16.42%(1.28%)(5.64%)(15.09%)
Earnings to Common Shareholders YoY%26.34%25.21%(126.47%)50.05%53.49%7.69%(8.37%)(1.63%)(29.78%)(14.42%)14.51%(13.93%)2.77%(3.61%)5.94%5.08%11.54%32.40%21.97%21.41%(16.26%)34.49%(15.39%)(15.62%)5.51%(12.98%)175.22%14.06%23.41%(2.14%)(59.44%)1.65%(.39%)3.92%36.99%(.21%)(5.25%)(14.76%)(22.52%)(9.88%)1.95%(4.27%)(18.87%)(7.91%)(12.85%)(11.77%)(5.16%)
Profit Margin29.97%28.92%(5.97%)31.10%25.41%24.43%24.27%22.47%17.49%24.88%29.40%25.98%28.51%30.09%25.83%29.87%28.60%31.88%26.55%30.98%29.27%25.53%20.95%24.81%30.12%20.06%25.47%29.94%28.45%22.56%8.37%26.36%25.75%26.22%8.92%9.72%9.39%9.11%6.80%10.00%10.06%10.35%8.08%10.10%8.79%10.55%9.75%
Equity to Common Shareholders(11,966,000,000$)(10,901,000,000$)(11,750,000,000$)(9,694,000,000$)(9,744,000,000$)(10,309,000,000$)(11,225,000,000$)(9,433,000,000$)(9,703,000,000$)(8,924,000,000$)(8,957,000,000$)(9,137,000,000$)(9,044,000,000$)(10,098,000,000$)(10,106,000,000$)(10,551,000,000$)(11,113,000,000$)(11,548,000,000$)(12,567,000,000$)(12,092,000,000$)(11,997,000,000$)(12,944,000,000$)(11,577,000,000$)(11,010,000,000$)(11,199,000,000$)(11,968,000,000$)(12,459,000,000$)(11,720,000,000$)(11,915,000,000$)(12,350,000,000$)(12,086,000,000$)(11,407,000,000$)(12,008,000,000$)(12,392,000,000$)(12,688,000,000$)(12,142,000,000$)(12,556,000,000$)(12,753,000,000$)(13,244,000,000$)(13,582,000,000$)(13,151,000,000$)(13,616,000,000$)(12,629,000,000$)(10,112,000,000$)(9,292,000,000$)(8,613,000,000$)(7,766,000,000$)
Equity to Common Shareholders QoQ(1,065,000,000$)849,000,000$(2,056,000,000$)50,000,000$565,000,000$916,000,000$(1,792,000,000$)270,000,000$(779,000,000$)33,000,000$180,000,000$(93,000,000$)1,054,000,000$8,000,000$445,000,000$562,000,000$435,000,000$1,019,000,000$(475,000,000$)(95,000,000$)947,000,000$(1,367,000,000$)(567,000,000$)189,000,000$769,000,000$491,000,000$(739,000,000$)195,000,000$435,000,000$(264,000,000$)(679,000,000$)601,000,000$384,000,000$296,000,000$(546,000,000$)414,000,000$197,000,000$491,000,000$338,000,000$(431,000,000$)465,000,000$(987,000,000$)(2,517,000,000$)(820,000,000$)(679,000,000$)(847,000,000$)(337,000,000$)
Equity to Common Shareholders QoQ%(9.77%)7.23%(21.21%).51%5.48%8.16%(19.00%)2.78%(8.73%).37%1.97%(1.03%)10.44%.08%4.22%5.06%3.77%8.11%(3.93%)(.79%)7.32%(11.81%)(5.15%)1.69%6.43%3.94%(6.31%)1.64%3.52%(2.18%)(5.95%)5.01%3.10%2.33%(4.50%)3.30%1.55%3.71%2.49%(3.28%)3.42%(7.82%)(24.89%)(8.83%)(7.88%)(10.91%)(4.54%)
Equity to Common Shareholders YoY(2,222,000,000$)(592,000,000$)(525,000,000$)(261,000,000$)(41,000,000$)(1,385,000,000$)(2,268,000,000$)(296,000,000$)(659,000,000$)1,174,000,000$1,149,000,000$1,414,000,000$2,069,000,000$1,450,000,000$2,461,000,000$1,541,000,000$884,000,000$1,396,000,000$(990,000,000$)(1,082,000,000$)(798,000,000$)(976,000,000$)882,000,000$710,000,000$716,000,000$382,000,000$(373,000,000$)(313,000,000$)93,000,000$42,000,000$602,000,000$735,000,000$548,000,000$361,000,000$556,000,000$1,440,000,000$595,000,000$863,000,000$(615,000,000$)(3,470,000,000$)(3,859,000,000$)(5,003,000,000$)(4,863,000,000$)(2,683,000,000$)(3,826,000,000$)(4,299,000,000$)(4,290,000,000$)
Equity to Common Shareholders YoY%(22.80%)(5.74%)(4.68%)(2.77%)(.42%)(15.52%)(25.32%)(3.24%)(7.29%)11.63%11.37%13.40%18.62%12.56%19.58%12.74%7.37%10.79%(8.55%)(9.83%)(7.13%)(8.16%)7.08%6.06%6.01%3.09%(3.09%)(2.74%).77%.34%4.75%6.05%4.36%2.83%4.20%10.60%4.52%6.34%(4.87%)(34.32%)(41.53%)(58.09%)(62.62%)(36.12%)(70.00%)(99.65%)(123.42%)
Dividends Paid2,106,000,000$2,116,000,000$2,106,000,000$2,027,000,000$2,027,000,000$2,037,000,000$2,023,000,000$1,977,000,000$1,977,000,000$1,987,000,000$1,973,000,000$1,942,000,000$1,945,000,000$1,952,000,000$1,952,000,000$1,876,000,000$1,873,000,000$1,879,000,000$1,879,000,000$1,827,000,000$1,830,000,000$1,828,000,000$1,825,000,000$1,779,000,000$1,777,000,000$1,780,000,000$1,775,000,000$1,778,000,000$1,673,000,000$1,659,000,000$1,666,000,000$1,618,000,000$1,618,000,000$1,618,000,000$1,619,000,000$1,586,000,000$1,588,000,000$1,585,000,000$1,585,000,000$1,555,000,000$1,555,000,000$1,555,000,000$1,564,000,000$1,478,000,000$1,490,000,000$1,503,000,000$1,518,000,000$
Additional Paid-In Capital QoQ
Treasury Stock35,553,000,000$35,557,000,000$35,640,000,000$35,641,000,000$35,645,000,000$35,657,000,000$35,785,000,000$35,788,000,000$35,791,000,000$35,801,000,000$35,917,000,000$35,918,000,000$35,921,000,000$35,924,000,000$35,836,000,000$35,147,000,000$35,056,000,000$35,060,000,000$35,129,000,000$35,133,000,000$35,135,000,000$35,146,000,000$35,220,000,000$35,222,000,000$35,224,000,000$35,226,000,000$35,301,000,000$35,304,000,000$35,306,000,000$35,308,000,000$35,382,000,000$35,383,000,000$35,383,000,000$35,386,000,000$35,490,000,000$35,492,000,000$35,493,000,000$35,498,000,000$35,613,000,000$35,616,000,000$35,623,000,000$35,628,000,000$35,762,000,000$34,974,000,000$34,228,000,000$33,236,000,000$32,142,000,000$
Treasury Stock QoQ(4,000,000$)(83,000,000$)(1,000,000$)(4,000,000$)(12,000,000$)(128,000,000$)(3,000,000$)(3,000,000$)(10,000,000$)(116,000,000$)(1,000,000$)(3,000,000$)(3,000,000$)88,000,000$689,000,000$91,000,000$(4,000,000$)(69,000,000$)(4,000,000$)(2,000,000$)(11,000,000$)(74,000,000$)(2,000,000$)(2,000,000$)(2,000,000$)(75,000,000$)(3,000,000$)(2,000,000$)(2,000,000$)(74,000,000$)(1,000,000$)0$(3,000,000$)(104,000,000$)(2,000,000$)(1,000,000$)(5,000,000$)(115,000,000$)(3,000,000$)(7,000,000$)(5,000,000$)(134,000,000$)788,000,000$746,000,000$992,000,000$1,094,000,000$1,495,000,000$
Price to Sales6.16x6.46x7.26x6.43x4.94x5.07x4.32x3.96x4.16x4.19x4.57x4.70x4.94x4.06x4.81x4.62x4.71x4.80x5.14x4.75x4.49x4.03x3.75x3.75x4.44x3.99x4.15x4.66x3.50x4.17x4.13x5.22x5.71x4.35x
Price to Earnings29.32x30.77x34.54x32.56x26.60x19.25x17.93x17.90x18.76x17.98x18.88x17.35x17.39x14.77x16.91x16.20x16.28x16.47x17.46x16.03x16.04x15.21x15.02x14.80x18.41x15.80x15.60x17.82x13.12x18.94x19.56x25.73x27.18x24.45x
Price to Book----------------------------------
Goodwill17,225,000,000$16,864,000,000$16,600,000,000$17,144,000,000$16,819,000,000$16,458,000,000$16,779,000,000$16,509,000,000$19,236,000,000$19,866,000,000$19,655,000,000$6,127,000,000$6,318,000,000$6,632,000,000$6,680,000,000$6,814,000,000$5,842,000,000$5,768,000,000$5,964,000,000$5,647,000,000$5,653,000,000$5,284,000,000$5,858,000,000$5,720,000,000$5,828,000,000$5,775,000,000$7,189,000,000$7,271,000,000$7,312,000,000$7,667,000,000$7,666,000,000$7,681,000,000$7,614,000,000$7,485,000,000$7,324,000,000$7,646,000,000$7,622,000,000$7,683,000,000$7,415,000,000$7,404,000,000$7,914,000,000$7,920,000,000$8,388,000,000$8,707,000,000$9,085,000,000$9,009,000,000$8,893,000,000$
Goodwill QoQ%2.14%1.59%(3.17%)1.93%2.19%(1.91%)1.64%(14.18%)(3.17%)1.07%220.79%(3.02%)(4.74%)(.72%)(1.97%)16.64%1.28%(3.29%)5.61%(.11%)6.98%(9.80%)2.41%(1.85%).92%(19.67%)(1.13%)(.56%)(4.63%).01%(.20%).88%1.72%2.20%(4.21%).32%(.79%)3.61%.15%(6.44%)(.08%)(5.58%)(3.66%)(4.16%).84%1.30%(3.10%)
Goodwill YoY%2.41%2.47%(1.07%)3.85%(12.57%)(17.16%)(14.63%)169.45%204.46%199.55%194.24%(10.08%)8.15%14.98%12.01%20.67%3.34%9.16%1.81%(1.28%)(3.00%)(8.50%)(18.51%)(21.33%)(20.30%)(24.68%)(6.22%)(5.34%)(3.97%)2.43%4.67%.46%(.11%)(2.58%)(1.23%)3.27%(3.69%)(2.99%)(11.60%)(14.97%)(12.89%)(12.09%)(5.68%)(5.12%)(4.66%)(7.74%)(10.17%)
Other Intangible Assets11,382,000,000$11,345,000,000$11,327,000,000$11,916,000,000$12,171,000,000$9,448,000,000$9,864,000,000$9,579,000,000$6,630,000,000$6,732,000,000$6,732,000,000$2,224,000,000$2,656,000,000$2,786,000,000$2,818,000,000$2,893,000,000$1,958,000,000$1,952,000,000$2,019,000,000$1,926,000,000$1,948,000,000$1,850,000,000$2,113,000,000$2,088,000,000$2,130,000,000$2,129,000,000$2,278,000,000$2,317,000,000$2,336,000,000$2,455,000,000$2,432,000,000$2,501,000,000$2,527,000,000$2,517,000,000$2,470,000,000$2,578,000,000$2,603,000,000$2,664,000,000$2,623,000,000$2,621,000,000$2,807,000,000$2,855,000,000$2,985,000,000$3,134,000,000$3,209,000,000$3,234,000,000$3,193,000,000$
Other Intangible Assets QoQ37,000,000$18,000,000$(589,000,000$)(255,000,000$)2,723,000,000$(416,000,000$)285,000,000$2,949,000,000$(102,000,000$)0$4,508,000,000$(432,000,000$)(130,000,000$)(32,000,000$)(75,000,000$)935,000,000$6,000,000$(67,000,000$)93,000,000$(22,000,000$)98,000,000$(263,000,000$)25,000,000$(42,000,000$)1,000,000$(149,000,000$)(39,000,000$)(19,000,000$)(119,000,000$)23,000,000$(69,000,000$)(26,000,000$)10,000,000$47,000,000$(108,000,000$)(25,000,000$)(61,000,000$)41,000,000$2,000,000$(186,000,000$)(48,000,000$)(130,000,000$)(149,000,000$)(75,000,000$)(25,000,000$)41,000,000$(97,000,000$)
Amortization of Intangible Assets250,000,000$246,000,000$247,000,000$256,000,000$212,000,000$120,000,000$129,000,000$205,000,000$82,000,000$81,000,000$27,000,000$36,000,000$38,000,000$41,000,000$18,000,000$19,000,000$18,000,000$18,000,000$18,000,000$19,000,000$18,000,000$16,000,000$15,000,000$16,000,000$19,000,000$19,000,000$20,000,000$21,000,000$22,000,000$23,000,000$21,000,000$22,000,000$22,000,000$18,000,000$19,000,000$19,000,000$18,000,000$20,000,000$19,000,000$21,000,000$22,000,000$26,000,000$23,000,000$22,000,000$22,000,000$22,000,000$
Forward Price to Sales MRQ5.93x6.22x6.99x6.63x4.82x4.76x4.16x4.04x4.04x3.93x4.22x4.70x4.81x4.01x4.89x4.70x4.56x4.55x5.09x4.56x4.33x3.92x4.11x3.96x4.29x3.87x3.97x5.09x3.46x4.22x4.06x5.60x4.94x5.77x
Forward Price to Earnings MRQ19.84x20.82x23.38x22.99x-15.35x16.41x16.60x16.68x17.54x24.23x18.94x16.40x15.47x17.20x15.68x17.71x15.26x17.83x14.34x16.35x12.69x14.06x15.54x20.47x15.58x13.17x25.37x13.59x14.11x14.28x24.81x59.08x21.88x
Total Assets68,506,000,000$65,079,000,000$61,784,000,000$66,892,000,000$65,782,000,000$65,315,000,000$65,304,000,000$62,927,000,000$61,868,000,000$62,060,000,000$61,681,000,000$40,717,000,000$40,960,000,000$41,733,000,000$41,290,000,000$41,589,000,000$40,686,000,000$39,804,000,000$44,815,000,000$39,129,000,000$39,162,000,000$37,494,000,000$42,875,000,000$41,420,000,000$39,923,000,000$38,042,000,000$39,801,000,000$39,380,000,000$40,721,000,000$43,070,000,000$42,968,000,000$41,951,000,000$38,660,000,000$36,627,000,000$36,851,000,000$35,577,000,000$34,802,000,000$34,621,000,000$33,956,000,000$32,011,000,000$32,713,000,000$33,255,000,000$35,187,000,000$35,401,000,000$36,325,000,000$36,137,000,000$38,168,000,000$
Total Assets QoQ3,427,000,000$3,295,000,000$(5,108,000,000$)1,110,000,000$467,000,000$11,000,000$2,377,000,000$1,059,000,000$(192,000,000$)379,000,000$20,964,000,000$(243,000,000$)(773,000,000$)443,000,000$(299,000,000$)903,000,000$882,000,000$(5,011,000,000$)5,686,000,000$(33,000,000$)1,668,000,000$(5,381,000,000$)1,455,000,000$1,497,000,000$1,881,000,000$(1,759,000,000$)421,000,000$(1,341,000,000$)(2,349,000,000$)102,000,000$1,017,000,000$3,291,000,000$2,033,000,000$(224,000,000$)1,274,000,000$775,000,000$181,000,000$665,000,000$1,945,000,000$(702,000,000$)(542,000,000$)(1,932,000,000$)(214,000,000$)(924,000,000$)188,000,000$(2,031,000,000$)1,373,000,000$
Total Assets YoY2,724,000,000$(236,000,000$)(3,520,000,000$)3,965,000,000$3,914,000,000$3,255,000,000$3,623,000,000$22,210,000,000$20,908,000,000$20,327,000,000$20,391,000,000$(872,000,000$)274,000,000$1,929,000,000$(3,525,000,000$)2,460,000,000$1,524,000,000$2,310,000,000$1,940,000,000$(2,291,000,000$)(761,000,000$)(548,000,000$)3,074,000,000$2,040,000,000$(798,000,000$)(5,028,000,000$)(3,167,000,000$)(2,571,000,000$)2,061,000,000$6,443,000,000$6,117,000,000$6,374,000,000$3,858,000,000$2,006,000,000$2,895,000,000$3,566,000,000$2,089,000,000$1,366,000,000$(1,231,000,000$)(3,390,000,000$)(3,612,000,000$)(2,882,000,000$)(2,981,000,000$)(1,394,000,000$)(815,000,000$)(1,281,000,000$)498,000,000$
Total Liabilities78,518,000,000$74,005,000,000$71,654,000,000$74,605,000,000$73,724,000,000$73,878,000,000$74,750,000,000$70,633,000,000$69,828,000,000$69,113,000,000$67,992,000,000$48,120,000,000$48,220,000,000$49,936,000,000$49,498,000,000$50,221,000,000$49,886,000,000$49,378,000,000$55,446,000,000$49,374,000,000$49,282,000,000$48,557,000,000$52,474,000,000$50,575,000,000$49,332,000,000$48,227,000,000$50,540,000,000$49,322,000,000$50,889,000,000$53,552,000,000$53,198,000,000$51,584,000,000$48,937,000,000$47,184,000,000$47,751,000,000$45,894,000,000$45,601,000,000$45,515,000,000$45,432,000,000$44,237,000,000$44,511,000,000$45,501,000,000$46,390,000,000$44,078,000,000$44,172,000,000$43,294,000,000$44,442,000,000$
Total Liabilities QoQ4,513,000,000$2,351,000,000$(2,951,000,000$)881,000,000$(154,000,000$)(872,000,000$)4,117,000,000$805,000,000$715,000,000$1,121,000,000$19,872,000,000$(100,000,000$)(1,716,000,000$)438,000,000$(723,000,000$)335,000,000$508,000,000$(6,068,000,000$)6,072,000,000$92,000,000$725,000,000$(3,917,000,000$)1,899,000,000$1,243,000,000$1,105,000,000$(2,313,000,000$)1,218,000,000$(1,567,000,000$)(2,663,000,000$)354,000,000$1,614,000,000$2,647,000,000$1,753,000,000$(567,000,000$)1,857,000,000$293,000,000$86,000,000$83,000,000$1,195,000,000$(274,000,000$)(990,000,000$)(889,000,000$)2,312,000,000$(94,000,000$)878,000,000$(1,148,000,000$)1,739,000,000$
Total Liabilities YoY4,794,000,000$127,000,000$(3,096,000,000$)3,972,000,000$3,896,000,000$4,765,000,000$6,758,000,000$22,513,000,000$21,608,000,000$19,177,000,000$18,494,000,000$(2,101,000,000$)(1,666,000,000$)558,000,000$(5,948,000,000$)847,000,000$604,000,000$821,000,000$2,972,000,000$(1,201,000,000$)(50,000,000$)330,000,000$1,934,000,000$1,253,000,000$(1,557,000,000$)(5,325,000,000$)(2,658,000,000$)(2,262,000,000$)1,952,000,000$6,368,000,000$5,447,000,000$5,690,000,000$3,336,000,000$1,669,000,000$2,319,000,000$1,657,000,000$1,090,000,000$14,000,000$(958,000,000$)159,000,000$339,000,000$2,207,000,000$1,948,000,000$1,375,000,000$3,103,000,000$3,144,000,000$4,919,000,000$
Current Ratio.83x.79x.88x.89x.94x.94x.75x.89x.85x.85x.72x.92x.89x.92x.92x1.00x1.18x1.18x1.10x1.12x1.13x1.02x1.09x1.08x.95x.85x1.13x1.19x1.15x1.16x1.35x1.13x1.07x1.26x1.07x1.16x1.27x1.13x1.03x1.00x.90x.95x1.02x.98x1.08x1.06x.99x
Total Current Assets23,364,000,000$22,196,000,000$20,170,000,000$20,796,000,000$21,028,000,000$20,874,000,000$19,755,000,000$19,193,000,000$19,836,000,000$19,571,000,000$19,619,000,000$19,035,000,000$18,376,000,000$18,724,000,000$17,717,000,000$17,846,000,000$18,743,000,000$17,910,000,000$21,492,000,000$17,453,000,000$17,776,000,000$16,861,000,000$20,514,000,000$19,575,000,000$17,163,000,000$15,741,000,000$19,442,000,000$18,538,000,000$20,028,000,000$20,593,000,000$21,594,000,000$20,859,000,000$18,432,000,000$16,884,000,000$17,608,000,000$16,574,000,000$16,046,000,000$15,928,000,000$15,804,000,000$14,112,000,000$13,772,000,000$14,275,000,000$15,484,000,000$14,761,000,000$14,710,000,000$14,825,000,000$16,852,000,000$
Total Current Assets QoQ1,168,000,000$2,026,000,000$(626,000,000$)(232,000,000$)154,000,000$1,119,000,000$562,000,000$(643,000,000$)265,000,000$(48,000,000$)584,000,000$659,000,000$(348,000,000$)1,007,000,000$(129,000,000$)(897,000,000$)833,000,000$(3,582,000,000$)4,039,000,000$(323,000,000$)915,000,000$(3,653,000,000$)939,000,000$2,412,000,000$1,422,000,000$(3,701,000,000$)904,000,000$(1,490,000,000$)(565,000,000$)(1,001,000,000$)735,000,000$2,427,000,000$1,548,000,000$(724,000,000$)1,034,000,000$528,000,000$118,000,000$124,000,000$1,692,000,000$340,000,000$(503,000,000$)(1,209,000,000$)723,000,000$51,000,000$(115,000,000$)(2,027,000,000$)836,000,000$
Total Current Liabilities28,148,000,000$28,087,000,000$22,915,000,000$23,366,000,000$22,416,000,000$22,168,000,000$26,383,000,000$21,547,000,000$23,245,000,000$22,985,000,000$27,336,000,000$20,772,000,000$20,547,000,000$20,417,000,000$19,255,000,000$17,877,000,000$15,884,000,000$15,215,000,000$19,615,000,000$15,525,000,000$15,792,000,000$16,584,000,000$18,833,000,000$18,045,000,000$18,046,000,000$18,486,000,000$17,191,000,000$15,599,000,000$17,441,000,000$17,688,000,000$15,962,000,000$18,514,000,000$17,243,000,000$13,355,000,000$16,467,000,000$14,258,000,000$12,672,000,000$14,091,000,000$15,386,000,000$14,102,000,000$15,386,000,000$14,980,000,000$15,112,000,000$15,117,000,000$13,580,000,000$13,971,000,000$17,066,000,000$
Total Current Liabilities QoQ61,000,000$5,172,000,000$(451,000,000$)950,000,000$248,000,000$(4,215,000,000$)4,836,000,000$(1,698,000,000$)260,000,000$(4,351,000,000$)6,564,000,000$225,000,000$130,000,000$1,162,000,000$1,378,000,000$1,993,000,000$669,000,000$(4,400,000,000$)4,090,000,000$(267,000,000$)(792,000,000$)(2,249,000,000$)788,000,000$(1,000,000$)(440,000,000$)1,295,000,000$1,592,000,000$(1,842,000,000$)(247,000,000$)1,726,000,000$(2,552,000,000$)1,271,000,000$3,888,000,000$(3,112,000,000$)2,209,000,000$1,586,000,000$(1,419,000,000$)(1,295,000,000$)1,284,000,000$(1,284,000,000$)406,000,000$(132,000,000$)(5,000,000$)1,537,000,000$(391,000,000$)(3,095,000,000$)1,048,000,000$
Debt to Asset Ratio1.15x1.14x1.16x1.12x1.12x1.13x1.14x1.12x1.13x1.11x1.10x1.18x1.18x1.20x1.20x1.21x1.23x1.24x1.24x1.26x1.26x1.30x1.22x1.22x1.24x1.27x1.27x1.25x1.25x1.24x1.24x1.23x1.27x1.29x1.30x1.29x1.31x1.31x1.34x1.38x1.36x1.37x1.32x1.25x1.22x1.20x1.16x
Long Term Debt42,431,000,000$38,781,000,000$42,136,000,000$44,237,000,000$44,647,000,000$44,683,000,000$41,220,000,000$42,914,000,000$41,400,000,000$40,416,000,000$34,855,000,000$21,762,000,000$22,345,000,000$24,019,000,000$24,760,000,000$25,768,000,000$27,414,000,000$27,276,000,000$28,144,000,000$27,301,000,000$26,996,000,000$24,950,000,000$26,600,000,000$26,426,000,000$24,858,000,000$23,131,000,000$26,975,000,000$28,179,000,000$28,048,000,000$29,578,000,000$31,334,000,000$28,065,000,000$26,595,000,000$28,588,000,000$25,851,000,000$26,960,000,000$28,098,000,000$26,683,000,000$25,250,000,000$25,800,000,000$24,566,000,000$25,572,000,000$26,929,000,000$25,395,000,000$27,161,000,000$25,989,000,000$24,023,000,000$
Long Term Debt QoQ3,650,000,000$(3,355,000,000$)(2,101,000,000$)(410,000,000$)(36,000,000$)3,463,000,000$(1,694,000,000$)1,514,000,000$984,000,000$5,561,000,000$13,093,000,000$(583,000,000$)(1,674,000,000$)(741,000,000$)(1,008,000,000$)(1,646,000,000$)138,000,000$(868,000,000$)843,000,000$305,000,000$2,046,000,000$(1,650,000,000$)174,000,000$1,568,000,000$1,727,000,000$(3,844,000,000$)(1,204,000,000$)131,000,000$(1,530,000,000$)(1,756,000,000$)3,269,000,000$1,470,000,000$(1,993,000,000$)2,737,000,000$(1,109,000,000$)(1,138,000,000$)1,415,000,000$1,433,000,000$(550,000,000$)1,234,000,000$(1,006,000,000$)(1,357,000,000$)1,534,000,000$(1,766,000,000$)1,172,000,000$1,966,000,000$2,146,000,000$
Long Term Debt YoY(2,216,000,000$)(5,902,000,000$)916,000,000$1,323,000,000$3,247,000,000$4,267,000,000$6,365,000,000$21,152,000,000$19,055,000,000$16,397,000,000$10,095,000,000$(4,006,000,000$)(5,069,000,000$)(3,257,000,000$)(3,384,000,000$)(1,533,000,000$)418,000,000$2,326,000,000$1,544,000,000$875,000,000$2,138,000,000$1,819,000,000$(375,000,000$)(1,753,000,000$)(3,190,000,000$)(6,447,000,000$)(4,359,000,000$)114,000,000$1,453,000,000$990,000,000$5,483,000,000$1,105,000,000$(1,503,000,000$)1,905,000,000$601,000,000$1,160,000,000$3,532,000,000$1,111,000,000$(1,679,000,000$)405,000,000$(2,595,000,000$)(417,000,000$)2,906,000,000$3,518,000,000$5,602,000,000$5,193,000,000$6,384,000,000$
Capital Lease Obligations604,000,000$653,000,000$614,000,000$536,000,000$707,000,000$763,000,000$712,000,000$708,000,000$706,000,000$
Interest Expenses277,000,000$241,000,000$326,000,000$189,000,000$329,000,000$299,000,000$273,000,000$261,000,000$297,000,000$230,000,000$170,000,000$138,000,000$126,000,000$154,000,000$146,000,000$154,000,000$161,000,000$167,000,000$164,000,000$163,000,000$162,000,000$129,000,000$136,000,000$132,000,000$150,000,000$152,000,000$125,000,000$145,000,000$168,000,000$227,000,000$259,000,000$223,000,000$213,000,000$219,000,000$201,000,000$220,000,000$223,000,000$247,000,000$227,000,000$247,000,000$259,000,000$275,000,000$263,000,000$267,000,000$254,000,000$268,000,000$252,000,000$
Cash and Cash Equivalents4,138,000,000$4,443,000,000$4,216,000,000$4,258,000,000$4,807,000,000$3,968,000,000$3,060,000,000$3,017,000,000$3,492,000,000$2,428,000,000$3,207,000,000$5,368,000,000$5,036,000,000$4,622,000,000$4,496,000,000$4,491,000,000$4,915,000,000$3,902,000,000$7,280,000,000$4,821,000,000$4,200,000,000$3,746,000,000$6,861,000,000$6,507,000,000$4,008,000,000$3,081,000,000$6,593,000,000$5,880,000,000$6,587,000,000$7,200,000,000$8,447,000,000$7,667,000,000$6,197,000,000$5,076,000,000$4,239,000,000$4,884,000,000$3,814,000,000$2,944,000,000$3,417,000,000$2,393,000,000$1,838,000,000$1,524,000,000$1,682,000,000$2,043,000,000$1,541,000,000$1,823,000,000$2,154,000,000$
Cash and Cash Equivalents QoQ(305,000,000$)227,000,000$(42,000,000$)(549,000,000$)839,000,000$908,000,000$43,000,000$(475,000,000$)1,064,000,000$(779,000,000$)(2,161,000,000$)332,000,000$414,000,000$126,000,000$5,000,000$(424,000,000$)1,013,000,000$(3,378,000,000$)2,459,000,000$621,000,000$454,000,000$(3,115,000,000$)354,000,000$2,499,000,000$927,000,000$(3,512,000,000$)713,000,000$(707,000,000$)(613,000,000$)(1,247,000,000$)780,000,000$1,470,000,000$1,121,000,000$837,000,000$(645,000,000$)1,070,000,000$870,000,000$(473,000,000$)1,024,000,000$555,000,000$314,000,000$(158,000,000$)(361,000,000$)502,000,000$(282,000,000$)(331,000,000$)(1,228,000,000$)
Cash and Cash Equivalents YoY(669,000,000$)475,000,000$1,156,000,000$1,241,000,000$1,315,000,000$1,540,000,000$(147,000,000$)(2,351,000,000$)(1,544,000,000$)(2,194,000,000$)(1,289,000,000$)877,000,000$121,000,000$720,000,000$(2,784,000,000$)(330,000,000$)715,000,000$156,000,000$419,000,000$(1,686,000,000$)192,000,000$665,000,000$268,000,000$627,000,000$(2,579,000,000$)(4,119,000,000$)(1,854,000,000$)(1,787,000,000$)390,000,000$2,124,000,000$4,208,000,000$2,783,000,000$2,383,000,000$2,132,000,000$822,000,000$2,491,000,000$1,976,000,000$1,420,000,000$1,735,000,000$350,000,000$297,000,000$(299,000,000$)(472,000,000$)(1,339,000,000$)(2,045,000,000$)(2,158,000,000$)(829,000,000$)
Interest Income0$0$0$0$0$0$0$0$0$