Nasdaq 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	604	592	453	502	393
Short-Term Investments	28	-	-	-	-
Trading Asset Securities	-	13	20	20	46
Cash & Short-Term Investments	632	605	473	522	439
Cash Growth	4.46%	27.91%	-9.39%	18.91%	-84.12%
Receivables	943	1,022	929	677	588
Restricted Cash	210	31	20	22	29
Other Current Assets	6,218	6,128	7,674	7,383	6,367
Total Current Assets	8,003	7,786	9,096	8,604	7,423
Property, Plant & Equipment	1,175	968	978	976	875
Long-Term Investments	-	538	467	476	430
Goodwill	14,371	13,957	14,112	8,099	8,433
Other Intangible Assets	6,511	6,905	7,443	2,581	2,813
Long-Term Deferred Tax Assets	-	14	7	3	2
Other Long-Term Assets	993	227	191	129	139
Total Assets	31,053	30,395	32,294	20,868	20,115
Accounts Payable	280	269	332	185	185
Accrued Expenses	364	644	387	486	314
Short-Term Debt	431	399	291	664	1,018
Current Portion of Leases	-	55	62	54	37
Current Unearned Revenue	785	711	594	357	329
Other Current Liabilities	6,101	5,824	7,359	7,089	5,989
Total Current Liabilities	7,961	7,902	9,025	8,835	7,872
Long-Term Debt	8,573	9,081	10,163	4,735	4,812
Long-Term Leases	462	388	417	452	386
Long-Term Deferred Tax Liabilities	1,584	1,594	1,642	456	406
Other Long-Term Liabilities	241	230	220	226	234
Total Liabilities	18,821	19,195	21,467	14,704	13,710
Common Stock	6	6	6	5	5
Additional Paid-In Capital	5,122	5,530	5,496	1,445	1,949
Retained Earnings	9,588	8,401	7,825	7,207	6,465
Treasury Stock	-716	-647	-587	-515	-437
Comprehensive Income & Other	-1,773	-2,099	-1,924	-1,991	-1,587
Total Common Equity	12,227	11,191	10,816	6,151	6,395
Minority Interest	5	9	11	13	10
Shareholders' Equity	12,232	11,200	10,827	6,164	6,405
Total Liabilities & Equity	31,053	30,395	32,294	20,868	20,115
Total Debt	9,466	9,923	10,933	5,905	6,253
Net Cash (Debt)	-8,834	-9,318	-10,460	-5,383	-5,814
Net Cash Per Share	-15.27	-16.09	-20.57	-10.81	-11.51
Filing Date Shares Outstanding	570.7	575.15	575.21	489	493.24
Total Common Shares Outstanding	570.7	575.06	575.16	491.59	500.04
Working Capital	42	-116	71	-231	-449
Book Value Per Share	21.42	19.46	18.81	12.51	12.79
Tangible Book Value	-8,655	-9,671	-10,739	-4,529	-4,851
Tangible Book Value Per Share	-15.17	-16.82	-18.67	-9.21	-9.70
Machinery	-	1,199	1,238	1,091	1,023

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