FE: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	15.09bn	13.47bn
Operating expenses	12.88bn	11.10bn
Operating income	2.21bn	2.38bn
Pre-tax income	1.56bn	1.50bn
Income tax	288m	377m
Net income	1.02bn	978m
Earnings per share	1.77	1.70
Earnings per share, diluted	1.76	1.70
Weighted average shares	577m	575m
Weighted average shares, diluted	578m	577m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	52m	57m	1.40bn	569m	132m	111m	465m	103m
Receivables	1.65bn	1.73bn	1.52bn	1.60bn	1.57bn	1.53bn	1.51bn	1.50bn
Inventory	582m	577m	578m	595m	567m	549m	536m	536m
Current assets	3.05bn	2.98bn	4.21bn	3.47bn	2.96bn	2.78bn	3.07bn	3.26bn
Property, plant and equipment	—	—	—	—	—	—	40.12bn	39.41bn
Goodwill	5.62bn	5.62bn	5.62bn	5.62bn	5.62bn	5.62bn	5.62bn	5.62bn
Total assets	56.92bn	55.90bn	55.88bn	54.23bn	52.77bn	52.04bn	50.76bn	51.02bn
Current liabilities	5.84bn	5.27bn	5.63bn	5.65bn	7.11bn	5.00bn	5.47bn	6.36bn
Short-term debt	1.31bn	325m	291m	400m	1.64bn	550m	75m	795m
Long-term debt	26.33bn	25.51bn	25.51bn	23.75bn	21.22bn	22.50bn	21.60bn	20.83bn
Total liabilities	42.81bn	41.98bn	41.70bn	40.06bn	38.91bn	38.32bn	37.06bn	37.29bn
Equity	12.65bn	12.51bn	12.80bn	14.17bn	13.86bn	12.46bn	13.69bn	13.73bn
Shares outstanding	578m	578m	578m	577m	577m	577m	576m	576m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	3.70bn	2.89bn
Depreciation and amortisation	1.66bn	1.58bn
Capital expenditure	4.71bn	4.03bn
Investing cash flow	−5.07bn	−4.35bn
Dividends paid	1.02bn	970m
Financing cash flow	1.31bn	1.43bn