Operating ActivitiesAug '25May '25Feb '25Nov '24Aug '24May '24Feb '24Nov '23Aug '23May '23Feb '23Nov '22

Net Income

837

608.4

487.9

564.9

902.2

651.7

Depreciation & Amortization

197.4

144.7

137.9

133.2

175.3

129.2

Stock Based Compensation

39.1

29

30.4

26.1

34.9

25.4

Other Adjustments

258.5

3.4

-35.9

-1.8

-259.6

-38.4

Changes in Trade Receivables

-76.8

12.8

-64.4

9.9

28.3

-84.9

Changes in Inventories

-251.6

-188.2

-317.9

-136.2

-99.3

-155.4

Changes in Accounts Payable

53.8

153.8

279.8

170

117.6

143.6

Changes in Income Taxes Payable

-67.5

-34.6

67.6

103

226.7

-26.5

Changes in Other Operating Activities

-7.6

71.7

-1.6

-57.4

-40.9

4.8

Cash from Operating Activities

952.8

769

583.7

811.8

1,070.3

669.5

Investing ActivitiesAug '25May '25Feb '25Nov '24Aug '24May '24Feb '24Nov '23Aug '23May '23Feb '23Nov '22

Capital Expenditure

-441.6

-345.9

-292.7

-247

-346.8

-235.1

Proceeds from Sale of Property, Plant & Equipment

—

—

-12

12

—

—

Purchases of Intangible Assets

—

—

—

—

—

—

Purchases of Investments

-71.6

-36

-25.3

-43.3

-55.4

-154.3

Proceeds from Sale of Investments

8.5

24.7

17.5

12.6

19.6

8.6

Payments for Business Acquisitions

—

—

—

—

—

—

Other Investing Activities

21.6

3.4

14.9

—

12.3

8.5

Cash from Investing Activities

-483.2

-353.8

-297.7

-265.7

-370.2

-372.3

Financing ActivitiesAug '25May '25Feb '25Nov '24Aug '24May '24Feb '24Nov '23Aug '23May '23Feb '23Nov '22

Issuance of Short-Term Debt

-56.9

203.5

37

-15

-1,260.9

663.5

Net Issuance / (Repayments) of Short-Term Debt

-56.9

203.5

37

-15

-1,260.9

663.5

Issuance of Long-Term Debt

250

500

—

—

1,300

650

Repayments of Long-Term Debt

-450

-900

—

—

-150

-300

Net Issuance / (Repayments) of Long-Term Debt

-200

-400

—

—

1,150

350

Issuance of Common Shares

61.3

46.7

28.3

36

21.9

56

Repurchases of Common Shares

-442.9

-268.8

-326.4

-540.1

-703.7

-728.1

Net Issuance / (Repurchases) of Common Shares

-381.6

-222.1

-298.1

-504.1

-681.9

-672.1

Other Financing Activities

-30.5

-32.8

-27.3

-19

-22

-17.5

Cash from Financing Activities

-469

-451.3

-288.4

-538.1

-664.8

-326.1

Free Cash FlowAug '25May '25Feb '25Nov '24Aug '24May '24Feb '24Nov '23Aug '23May '23Feb '23Nov '22

Free Cash Flow

511.1

423.1

291

564.8

723.5

434.4

NOPAT

955.2

698.1

576.7

647.8

1,023

737.2

Levered Free Cash Flow

62.9

213.4

397.9

515.6

823.9

1,525.8

Unlevered Free Cash Flow

438.1

499.6

449.7

613.5

1,055.7

597.8

Net Change in Cash

0.5

-36.1

-2.3

8

35.2

-28.9