FRA:IC1B Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,129	1,008	1,322	976	1,450
Short-Term Investments	3	7	7	-	2
Cash & Short-Term Investments	1,132	1,015	1,329	976	1,452
Cash Growth	11.53%	-23.63%	36.17%	-32.78%	-13.36%
Accounts Receivable	880	689	615	524	429
Other Receivables	27	63	83	65	103
Receivables	907	752	698	589	532
Inventory	5	4	5	4	4
Prepaid Expenses	-	93	92	104	73
Other Current Assets	5	5	5	5	5
Total Current Assets	2,049	1,869	2,129	1,678	2,066
Property, Plant & Equipment	417	422	426	437	411
Long-Term Investments	266	51	48	192	250
Goodwill	-	331	336	335	341
Other Intangible Assets	1,155	711	763	809	854
Long-Term Accounts Receivable	751	612	424	336	316
Long-Term Deferred Tax Assets	146	122	134	126	147
Long-Term Deferred Charges	103	90	82	75	72
Other Long-Term Assets	458	540	471	228	259
Total Assets	5,345	4,748	4,813	4,216	4,716
Accounts Payable	676	111	127	152	109
Accrued Expenses	-	423	436	372	351
Short-Term Debt	3	17	44	55	59
Current Portion of Long-Term Debt	475	381	580	-	233
Current Portion of Leases	28	26	30	26	35
Current Income Taxes Payable	52	52	51	32	52
Current Unearned Revenue	829	766	752	681	617
Other Current Liabilities	37	152	170	226	168
Total Current Liabilities	2,100	1,928	2,190	1,544	1,624
Long-Term Debt	3,735	2,954	2,567	2,352	2,615
Long-Term Leases	378	388	396	401	384
Long-Term Unearned Revenue	1,340	1,294	1,096	1,043	996
Pension & Post-Retirement Benefits	69	68	66	66	92
Long-Term Deferred Tax Liabilities	17	18	68	78	93
Other Long-Term Liabilities	442	406	376	340	386
Total Liabilities	8,081	7,056	6,759	5,824	6,190
Common Stock	145	43	46	46	53
Additional Paid-In Capital	-	94	95	91	101
Retained Earnings	-302	34	396	607	904
Comprehensive Income & Other	-2,584	-2,483	-2,487	-2,359	-2,539
Total Common Equity	-2,741	-2,312	-1,950	-1,615	-1,481
Minority Interest	5	4	4	7	7
Shareholders' Equity	-2,736	-2,308	-1,946	-1,608	-1,474
Total Liabilities & Equity	5,345	4,748	4,813	4,216	4,716
Total Debt	4,619	3,766	3,617	2,834	3,326
Net Cash (Debt)	-3,487	-2,751	-2,288	-1,858	-1,874
Net Cash Per Share	-22.38	-16.88	-13.46	-10.21	-10.18
Filing Date Shares Outstanding	152.5	157.56	164.66	174.74	183.13
Total Common Shares Outstanding	152.5	157.56	164.66	174.74	183.13
Working Capital	-51	-59	-61	134	442
Book Value Per Share	-17.97	-14.67	-11.84	-9.24	-8.09
Tangible Book Value	-3,896	-3,354	-3,049	-2,759	-2,676
Tangible Book Value Per Share	-25.55	-21.29	-18.52	-15.79	-14.61
Land	-	99	111	112	105
Machinery	-	288	300	292	299

Source: S&P Global Market Intelligence. Standard template. Financial Sources.