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

Net Income

15,425

12,441

12,443

12,160

11,624

10,976

Depreciation & Amortization

7,128

6,517

6,174

6,032

6,038

6,092

Share-Based Compensation Expense

4,778

4,791

4,674

4,421

4,272

4,132

Other Adjustments

-2,562

-270

-970

-970

-1,004

-1,092

Changes in Trade Receivables

-1,102

-817

-653

-868

-1,561

-1,426

Changes in Inventories

—

—

—

—

—

—

Changes in Accounts Payable

-831

-411

-608

-545

-689

-668

Changes in Income Taxes Payable

-1,582

-1,074

-659

-561

-271

-172

Changes in Unearned Revenue

167

399

154

388

961

644

Changes in Other Operating Activities

875

-42

266

688

917

640

Cash from Operating Activities

22,296

21,534

20,821

20,745

20,287

19,126

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

Capital Expenditure

-35,477

-27,414

-21,215

-14,933

-10,745

-7,855

Purchases of Investments

-1,270

-1,266

-1,272

-1,167

-1,124

-1,147

Proceeds from Sale of Investments

5,157

1,016

776

809

771

502

Payments for Business Acquisitions

—

—

—

—

—

—

Cash from Investing Activities

-31,590

-27,664

-21,711

-15,295

-11,102

-8,563

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

Issuance of Short-Term Debt

4,313.5

2,991.5

1,889

-554.5

-2,510

-1

Net Issuance / (Repayments) of Short-Term Debt

4,313.5

2,991.5

1,889

-554.5

-2,510

-1

Issuance of Long-Term Debt

29,446.5

17,776.5

19,548

—

—

—

Repayments of Long-Term Debt

-8,263

-9,263

-15,841

—

—

—

Net Issuance / (Repayments) of Long-Term Debt

21,183.5

8,513.5

3,707

—

—

—

Issuance of Common Shares

1,654

1,644

653

808

623

613

Repurchases of Common Shares

-554.5

-612

-1,500

-1,677

-2,107

-3,033

Net Issuance / (Repurchases) of Common Shares

1,099.5

1,032

-847

-869

-1,484

-2,420

Common Share Dividends Paid

-5,370

-5,053

-4,743

-4,442

-4,422

-4,403

Other Financing Activities

1,165

3,208

1,092

-329

-303

-284

Cash from Financing Activities

17,442

5,893

1,098

2,638

-6,384

-11,611

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

Free Cash Flow

-13,181

-5,880

-394

5,812

9,542

11,271

NOPAT

16,407.2

15,501.8

15,534.4

15,216.5

14,654

14,053.1

Levered Free Cash Flow

11,202

1,921

2,151

2,674.5

5,326

9,657

Unlevered Free Cash Flow

-13,312.8

-6,523.2

-353.6

6,285.5

10,865

12,734.1

Net Change in Cash

8,148

-237

208

8,088

2,801

-1,048