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Page: Company Financials

Guangdong Provincial Expressway Development Co., Ltd.

Ticker: 000429.SZ | Industry: Industrial - Infrastructure Operations | Sector: Industrials
$11.98 +0.19 (1.61%)
As of: 2026-01-27

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Stock Price 12.80 11.63 8.09 7.80 7.38 6.65 8.18 7.81 8.20 6.14 6.18 3.68 2.88 3.09 3.92 5.15 5.01 5.33 8.89 4.11 4.11 3.73 3.95 4.24 5.23 7.70 4.61 3.72 4.94 4.94
Market Capitalization 27,038.38M 24,342.50M 16,802.88M 16,145.39M 15,419.69M 14,483.33M 17,018.69M 16,363.81M 17,096.79M 11,170.41M 10,797.28M 4,450.16M 3,488.88M 3,941.92M 4,939.47M 6,490.07M 6,196.82M 6,592.30M 11,155.10M 5,105.70M 5,260.96M 4,774.84M 5,049.88M 5,424.07M 6,574.94M 9,673.83M 5,789.21M 4,676.63M 6,210.36M 6,210.36M
(-) Cash & Equivalents 5,403.05M 4,675.22M 5,105.47M 3,773.23M 3,152.82M 2,932.90M 2,574.12M 2,180.08M 2,722.87M 2,165.22M 727.63M 732.92M 1,083.29M 1,246.97M 488.50M 455.68M 619.19M 428.21M 303.24M 611.06M 527.85M 396.17M 232.32M 172.45M 286.26M 461.21M 365.66M 496.84M 400.74M 179.68M
(+) Total Debt 7,752.80M 7,189.87M 7,633.33M 6,828.09M 7,220.60M 6,485.81M 6,080.88M 5,822.98M 6,137.14M 6,187.10M 5,574.50M 6,397.21M 6,922.06M 6,898.45M 5,428.16M 4,980.90M 3,714.25M 2,101.83M 1,653.88M 2,129.57M 2,043.86M 2,168.31M 2,085.24M 1,108.01M 1,501.66M 913.23M 160.85M 11.01M 2.02M 1.68M
Enterprise Value 29,388.13M 26,857.14M 19,330.73M 19,200.25M 19,487.48M 18,036.24M 20,525.45M 20,006.71M 20,511.05M 15,192.29M 15,644.15M 10,114.46M 9,327.66M 9,593.41M 9,879.13M 11,015.29M 9,291.88M 8,265.91M 12,505.74M 6,624.21M 6,776.97M 6,546.98M 6,902.81M 6,359.63M 7,790.34M 10,125.86M 5,584.41M 4,190.80M 5,811.64M 6,032.36M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Revenue 4,430M 4,694M 4,570M 4,879M 4,169M 5,288M 3,790M 4,999M 3,219M 3,089M 2,825M 2,658M 1,455M 1,328M 1,106M 1,078M 971M 937M 937M 1,075M 1,059M 992M 860M 797M 753M 625M 251M 258M 231M 216M 221M 189M
Cost of Revenue 1,565M 1,692M 1,631M 1,741M 1,586M 1,930M 1,662M 1,924M 1,279M 1,247M 1,281M 1,231M 849M 925M 652M 629M 518M 479M 357M 338M 371M 308M 263M 236M 227M 216M 84M 70M 65M 53M 49M 40M
Gross Profit 2,865M 3,002M 2,939M 3,138M 2,582M 3,359M 2,128M 3,075M 1,940M 1,842M 1,544M 1,427M 606M 402M 453M 449M 452M 458M 580M 738M 689M 684M 597M 561M 526M 410M 167M 188M 166M 163M 172M 149M
Gross Profit Margin 64.7% 64.0% 64.3% 64.3% 61.9% 63.5% 56.1% 61.5% 60.3% 59.6% 54.7% 53.7% 41.6% 30.3% 41.0% 41.6% 46.6% 48.9% 61.9% 68.6% 65.0% 69.0% 69.4% 70.4% 69.9% 65.5% 66.4% 72.8% 71.9% 75.4% 77.9% 78.6%
R&D Expenses 5M 3M 5M 3M 15M 13M 0M 0M 1M 10M 6M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 729M 194M 203M 189M 192M 226M 206M 219M 182M 180M 188M 192M 155M 178M 173M 44M 36M 111M 100M 96M 141M 78M 70M 65M 57M 50M 33M 24M 24M 20M 17M 8M
Operating Expenses -151M 86M 163M 145M 238M 192M 263M 240M -163M 5M 119M 338M 193M 184M 256M 144M 156M 17M 3M 109M 176M 138M 166M 143M 114M 84M 46M 37M 36M 31M 28M 15M
Operating Income (EBIT) 3,016M 2,916M 2,776M 2,994M 2,344M 3,167M 1,865M 2,834M 2,103M 1,837M 1,425M 1,089M 413M 218M 198M 304M 296M 441M 577M 628M 513M 547M 431M 418M 412M 326M 121M 151M 129M 132M 144M 134M
Operating Income Margin 68.1% 62.1% 60.7% 61.4% 56.2% 59.9% 49.2% 56.7% 65.3% 59.5% 50.4% 41.0% 28.4% 16.4% 17.9% 28.2% 30.5% 47.1% 61.6% 58.4% 48.4% 55.1% 50.1% 52.4% 54.7% 52.1% 48.2% 58.5% 56.1% 61.0% 65.2% 70.9%
Interest Income 80M 174M 56M 93M 47M 64M 57M 47M 76M 34M 24M 8M 20M 9M 9M 3M 2M 2M 4M 6M 5M 5M 3M 2M 5M 9M 7M 13M 25M 15M 52M 11M
Interest Expense 137M 178M 178M 214M 238M 286M 269M 262M 242M 283M 364M 349M 422M 436M 312M 233M 164M 134M 130M 108M 118M 116M 107M 67M 25M 96M 7M 0M 0M 0M 0M 0M
Net Interest Income -57M -5M -121M -121M -191M -221M -212M -215M -166M -249M -340M -341M -401M -427M -303M -230M -162M -132M -126M -102M -114M -110M -104M -65M -20M -87M 1M 13M 25M 15M 52M 11M
Unusual Items 117M -9M 120M 104M 189M 217M 203M 207M 162M 308M 402M 363M 401M 281M 339M 172M 360M 127M 95M 194M 177M 142M 141M 58M 14M 0M 62M 205M 40M 38M 9M 3M
EBT Excluding Unusual Items 2,959M 2,912M 2,654M 2,872M 2,153M 2,945M 1,653M 2,619M 1,936M 1,588M 1,084M 748M 11M -209M -106M 75M 134M 309M 451M 526M 400M 436M 326M 353M 392M 239M 122M 164M 155M 147M 196M 145M
Pre-Tax Income 3,077M 2,903M 2,774M 2,977M 2,342M 3,162M 1,856M 2,825M 2,098M 1,896M 1,487M 1,111M 412M 71M 233M 246M 494M 436M 546M 721M 577M 579M 468M 410M 406M 240M 184M 369M 195M 185M 205M 148M
Pre-Tax Margin 69.4% 61.8% 60.7% 61.0% 56.2% 59.8% 49.0% 56.5% 65.2% 61.4% 52.6% 41.8% 28.3% 5.4% 21.1% 22.8% 50.9% 46.6% 58.3% 67.0% 54.4% 58.3% 54.4% 51.5% 53.9% 38.3% 73.3% 142.8% 84.4% 85.7% 92.9% 78.4%
Income Tax Expense 667M 682M 671M 715M 548M 735M 491M 674M 194M 186M 314M 245M 53M -29M 32M 22M 56M 59M 74M 148M 159M 128M 155M 108M 108M 45M 23M 37M 9M 13M 41M 0M
Net Income 1,751M 1,634M 1,562M 1,634M 1,276M 1,700M 868M 1,469M 1,677M 1,510M 1,001M 696M 319M 128M 176M 217M 388M 332M 405M 476M 331M 325M 230M 175M 171M 148M 133M 296M 154M 144M 137M 127M
Net Income Margin 39.5% 34.8% 34.2% 33.5% 30.6% 32.2% 22.9% 29.4% 52.1% 48.9% 35.4% 26.2% 21.9% 9.6% 15.9% 20.1% 40.0% 35.4% 43.2% 44.2% 31.3% 32.8% 26.7% 22.0% 22.7% 23.7% 53.0% 114.6% 66.8% 66.8% 62.3% 67.1%
Depreciation & Amortization 776M 1,123M 1,059M 1,148M 1,042M 1,266M 1,036M 1,211M 810M 826M 892M 846M 577M 677M 388M 380M 247M 194M 158M 202M 192M 202M 197M 167M 148M 133M 54M 34M 32M -65M -54M -12M
EBITDA 3,791M 4,039M 3,835M 4,142M 3,386M 4,433M 2,901M 4,045M 2,913M 2,663M 2,317M 1,935M 989M 895M 586M 684M 543M 636M 735M 830M 705M 749M 628M 585M 559M 459M 176M 185M 162M 67M 90M 122M
EBITDA Margin 85.6% 86.1% 83.9% 84.9% 81.2% 83.8% 76.5% 80.9% 90.5% 86.2% 82.0% 72.8% 68.0% 67.4% 53.0% 63.5% 55.9% 67.9% 78.4% 77.2% 66.6% 75.5% 73.0% 73.4% 74.3% 73.4% 69.9% 71.7% 70.2% 30.8% 41.0% 64.5%
NOPAT 2,362M 2,231M 2,104M 2,275M 1,796M 2,430M 1,371M 2,158M 1,908M 1,657M 1,123M 849M 359M 305M 170M 277M 263M 381M 499M 500M 372M 426M 288M 308M 302M 265M 106M 136M 123M 123M 115M 134M
NOPAT Margin 53.3% 47.5% 46.0% 46.6% 43.1% 46.0% 36.2% 43.2% 59.3% 53.6% 39.8% 31.9% 24.7% 23.0% 15.4% 25.7% 27.1% 40.7% 53.3% 46.5% 35.1% 42.9% 33.5% 38.6% 40.1% 42.4% 42.2% 52.7% 53.5% 56.9% 52.1% 70.9%
Owner's Earnings 683M 539M 584M 1,243M 1,443M 2,453M 1,244M 1,857M 1,642M 1,907M 1,406M 1,445M 661M 365M -571M -232M -340M -591M -673M 446M 498M 476M 353M 192M 297M 265M 160M 160M -46M 79M 84M 115M
Owner's Earnings Margin 15.4% 11.5% 12.8% 25.5% 34.6% 46.4% 32.8% 37.1% 51.0% 61.7% 49.8% 54.4% 45.4% 27.5% -51.7% -21.5% -35.0% -63.0% -71.9% 41.4% 47.0% 47.9% 41.1% 24.1% 39.4% 42.3% 63.7% 61.9% -20.1% 36.6% 38.0% 60.6%
EPS (Basic) 0.83 0.78 0.75 0.78 0.61 0.81 0.42 0.70 0.80 0.72 0.52 0.40 0.25 0.10 0.14 0.17 0.31 0.26 0.32 0.37 0.27 0.23 0.16 0.11 0.11 0.10 0.09 0.21 0.11 0.12 0.15 0.10
EPS (Diluted) 0.83 0.78 0.75 0.78 0.61 0.81 0.42 0.70 0.80 0.72 0.52 0.40 0.25 0.10 0.14 0.17 0.31 0.26 0.32 0.37 0.26 0.26 0.18 0.14 0.14 0.12 0.11 0.24 0.12 0.11 0.11 0.10
Shares (Basic) 2,106M 2,101M 2,083M 2,095M 2,091M 2,091M 2,091M 2,091M 2,091M 2,091M 1,925M 1,740M 1,275M 1,278M 1,256M 1,275M 1,253M 1,277M 1,265M 1,274M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M
Shares (Diluted) 2,106M 2,101M 2,083M 2,095M 2,091M 2,091M 2,091M 2,091M 2,096M 2,097M 1,925M 1,740M 1,275M 1,278M 1,256M 1,275M 1,253M 1,277M 1,265M 1,274M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M 1,257M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Cash & Cash Equivalents 5,459.34M 5,797.03M 4,289.83M 4,718.63M 4,290.58M 2,956.40M 2,847.40M 2,817.92M 2,124.53M 2,363.04M 2,603.28M 986.74M 561.80M 976.47M 798.49M 1,019.00M 258.88M 218.76M 347.17M 190.67M 490.77M 546.66M 512.81M 248.35M 131.94M 461.37M 781.47M 220.33M 418.07M 477.32M 359.37M 150.21M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 432.85M 0.00M 0.00M 0.00M 212.89M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1.36M 2.13M 49.08M 133.26M 128.38M 153.42M 150.03M 84.78M 0.00M 4.47M 5.94M
Cash & Short-Term Investments 5,459.34M 5,797.03M 4,289.83M 4,718.63M 4,290.58M 2,956.40M 2,847.40M 3,250.78M 2,124.53M 2,363.04M 2,603.28M 1,199.63M 561.80M 976.47M 798.49M 1,019.00M 258.88M 218.76M 347.17M 190.67M 490.77M 548.02M 514.94M 297.42M 265.20M 589.75M 934.89M 370.36M 502.85M 477.32M 363.84M 156.14M
Net Receivables 375.37M 358.84M 231.22M 229.48M 142.83M 164.34M 174.36M 177.10M 91.08M 108.19M 40.68M 77.40M 23.62M 72.39M 112.52M 146.37M 0.00M 0.00M 56.22M 0.00M 0.00M 59.79M 42.99M 86.20M 28.86M 0.00M 373.32M 0.00M 0.00M 86.47M 77.76M 0.00M
Inventory 0.00M 0.00M 0.00M -229.51M 0.00M 0.64M 0.05M 0.11M 0.08M 4.32M 0.32M 0.80M 0.00M 0.00M 0.00M 0.00M 0.28M 0.22M 0.41M 0.14M 0.12M 0.10M 0.14M 0.11M 0.13M 0.13M 0.35M 0.34M 0.40M 0.45M 0.44M 0.34M
Other Current Assets 7.75M 7.60M 6.17M 229.51M 34.57M 21.74M 64.56M 0.00M 18.40M 0.13M 28.08M 25.66M 69.84M 5.00M 0.00M 0.00M 0.00M 0.00M 0.32M 0.00M 0.00M 71.40M 103.69M 0.38M 0.50M 43.13M 14.04M 170.55M 15.10M 26.22M 0.00M 12.91M
Total Current Assets 5,842.46M 6,163.47M 4,527.21M 4,948.11M 4,467.97M 3,143.13M 3,086.37M 3,427.99M 2,234.08M 2,475.69M 2,672.37M 1,303.48M 655.26M 1,053.86M 911.01M 1,165.37M 259.16M 218.98M 404.12M 190.81M 490.88M 679.30M 661.76M 384.12M 294.68M 633.00M 1,322.59M 541.26M 518.35M 590.46M 442.03M 169.40M
Property, Plant & Equipment 12,002.68M 11,773.32M 11,552.42M 11,333.16M 10,855.90M 11,004.50M 11,880.69M 9,154.80M 8,689.52M 8,863.05M 9,436.62M 6,609.78M 7,181.29M 7,705.27M 8,391.58M 6,823.51M 6,356.63M 5,464.21M 4,486.37M 3,521.80M 3,352.76M 3,520.68M 3,646.71M 3,747.99M 3,766.42M 3,909.94M 548.97M 589.61M 644.19M 403.59M 411.95M 918.04M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 179.50M 186.13M 197.69M 221.33M 246.77M 268.50M 302.38M 6.39M 5.74M 7.10M 6.14M 4.10M 5.05M 5.33M 45.47M 53.17M 59.25M 66.34M 72.89M 180.36M 198.13M 215.90M 228.35M 245.70M 206.18M 121.08M 128.20M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 5,306.17M 5,439.68M 5,287.80M 4,813.83M 4,584.74M 4,209.30M 4,125.97M 5,096.01M 0.00M 4,801.48M 3,944.21M 4,438.57M 4,661.86M 3,867.42M 3,746.62M 3,615.03M 3,606.27M 2,819.79M 2,203.35M 1,862.90M 1,785.76M 2,423.97M 1,876.74M 1,744.55M 1,215.29M 756.32M 783.79M 753.63M 418.76M 0.00M 0.00M 0.00M
Tax Assets 31.20M 29.82M 32.68M 39.84M 128.18M 225.24M 330.76M 385.49M 447.49M 335.30M 10.81M 0.10M 8.87M 46.47M -3,746.62M 0.00M 0.00M 10.00M 10.97M 1.00M 0.00M 8.13M 10.39M 60.81M 0.03M 149.15M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 841.19M 855.53M 840.13M 4.18M 8.38M 25.04M 22.36M 50.91M 4,919.03M 40.71M 2.30M 1.18M 1.18M 13.21M 3,759.34M 3,615.40M 3,606.37M 2,819.95M 2,203.78M 1,855.99M 2,580.95M 5.15M 381.59M 475.68M 652.63M 205.73M 1,135.54M 1,172.18M 1,004.51M 942.95M 959.85M 117.23M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 18,360.74M 18,284.48M 17,910.72M 16,412.33M 15,823.96M 15,732.59M 16,662.15M 14,693.61M 14,061.78M 14,047.63M 13,400.08M 11,053.73M 11,858.24M 11,637.70M 12,196.39M 14,107.11M 13,628.51M 11,180.29M 8,977.35M 7,422.06M 7,917.60M 6,173.82M 6,143.78M 6,274.72M 5,840.55M 5,142.20M 2,596.50M 2,515.42M 2,067.46M 1,346.54M 1,371.80M 1,035.27M
Total Assets 24,203.20M 24,447.95M 22,437.93M 21,360.44M 20,291.94M 18,875.72M 19,748.53M 18,121.59M 16,295.86M 16,523.31M 16,072.44M 12,357.21M 12,513.51M 12,691.56M 13,107.40M 15,272.47M 13,887.67M 11,399.27M 9,381.47M 7,612.86M 8,408.49M 6,853.12M 6,805.54M 6,658.84M 6,135.23M 5,775.20M 3,919.09M 3,056.67M 2,585.81M 1,937.00M 1,813.83M 1,204.66M
Accounts Payable 144.07M 150.00M 226.10M 214.45M 197.79M 264.49M 369.77M 368.31M 203.78M 266.93M 299.41M 173.08M 150.80M 317.80M 737.65M 135.23M 121.22M 159.02M 107.27M 54.63M 40.50M 49.77M 69.04M 55.77M 68.43M 66.51M 66.42M 39.08M 81.35M 8.45M 1.20M 0.23M
Short-Term Debt 505.60M 150.09M 1,006.49M 982.52M 430.39M 471.55M 403.73M 765.45M 2,544.58M 1,218.61M 907.88M 1,379.08M 675.48M 857.76M 1,647.04M 891.47M 500.00M 654.00M 300.00M 100.00M 300.00M 400.00M 250.00M 320.00M 100.00M 58.00M 90.00M 200.00M 0.00M 0.00M 0.00M 5.00M
Tax Payables 0.00M 192.29M 131.75M 136.93M 72.31M 164.61M 217.75M 84.26M 104.20M 428.65M 106.37M 37.41M 11.58M 11.71M 41.00M 13.07M 1.70M 4.16M 6.68M 38.81M 10.42M 8.67M 45.80M 35.47M 13.45M 20.08M 11.47M 38.23M 0.91M 7.06M 9.54M 0.61M
Deferred Revenue 0.73M 0.00M 0.00M 0.00M 2.72M 361.82M 1,747.40M 0.00M 12.04M 561.98M 0.00M 0.00M 0.00M 343.56M 0.00M 401.14M 277.00M 203.66M 299.38M 346.81M 233.37M 223.13M 218.83M 122.45M 232.97M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 273.60M 214.16M 11.08M 1,054.91M 901.87M 175.23M 83.87M 532.38M 163.98M -396.29M 220.56M 315.18M 410.16M 4.41M 335.24M 0.00M 0.00M 0.00M 0.00M -24.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 16.85M 0.00M 0.00M 0.36M
Total Current Liabilities 924.00M 706.54M 1,375.42M 2,388.82M 1,605.08M 1,437.70M 2,822.53M 1,750.39M 3,028.58M 2,079.88M 1,534.23M 1,904.75M 1,248.01M 1,535.23M 2,760.92M 1,440.91M 899.93M 1,020.84M 713.32M 515.45M 584.29M 681.57M 583.68M 533.69M 414.84M 144.59M 167.90M 277.31M 99.11M 15.51M 10.74M 6.20M
Long-Term Debt 7,679.32M 7,723.60M 6,728.27M 6,694.12M 6,994.98M 6,000.06M 6,403.93M 5,604.14M 3,021.06M 4,744.17M 5,402.78M 4,830.76M 5,390.84M 5,990.76M 5,159.27M 5,100.56M 4,367.49M 3,610.25M 2,348.33M 988.33M 1,710.45M 1,560.11M 1,741.00M 1,867.67M 1,699.08M 1,398.53M 1,569.12M 87.35M 20.00M 2.02M 3.37M 11.72M
Capital Lease Obligations 0.00M 8.22M 2.73M 13.48M 0.15M 2.77M 12.25M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 279.73M 332.83M 330.83M 284.45M 306.81M 315.92M 387.10M 428.92M 205.67M 260.63M 278.46M 297.54M 124.15M 125.43M 118.37M 126.66M 125.31M 115.35M 101.62M 85.04M 0.00M 0.00M 0.00M 0.00M 4.44M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 2.02M 2.02M 2.02M 431.10M 2.52M 72.69M 40.41M 39.37M 0.00M 2.02M 2.02M 969.93M 2.02M 2.02M 0.00M 2.02M 2.02M 2.02M 2.02M 7.73M 2.12M 9.50M 6.48M 5.24M 1.58M 4.40M -1,475.66M 18.99M 14.88M 3.89M 2.90M 2.15M
Total Non-Current Liabilities 7,961.08M 8,066.67M 7,063.85M 7,423.15M 7,304.45M 6,391.44M 6,843.68M 6,072.43M 3,226.73M 5,006.82M 5,683.27M 6,098.23M 5,517.01M 6,118.21M 5,277.64M 5,229.24M 4,494.82M 3,727.63M 2,451.97M 1,081.10M 1,712.57M 1,569.62M 1,747.49M 1,872.91M 1,705.09M 1,402.93M 93.46M 106.34M 34.88M 5.91M 6.27M 13.87M
Total Liabilities 8,885.08M 8,773.21M 8,439.27M 9,811.97M 8,909.53M 7,829.14M 9,666.21M 7,822.82M 6,255.31M 7,086.70M 7,217.50M 8,002.98M 6,765.02M 7,653.44M 8,038.56M 6,670.15M 5,394.75M 4,748.46M 3,165.29M 1,596.56M 2,296.86M 2,251.18M 2,331.17M 2,406.60M 2,119.94M 1,547.52M 261.36M 383.64M 133.98M 21.41M 17.01M 20.07M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 2,090.81M 2,090.81M 2,090.81M 2,090.81M 2,090.81M 2,090.81M 2,090.81M 2,090.81M 2,090.81M 2,090.81M 2,090.81M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 1,257.12M 838.08M 764.26M 764.26M 664.26M 442.84M 307.84M
Retained Earnings 6,060.88M 5,572.86M 5,544.40M 5,289.40M 4,698.25M 4,760.62M 3,725.68M 3,877.43M 3,938.61M 3,550.11M 2,920.56M 2,179.24M 1,340.75M 1,104.16M 1,068.29M 968.55M 904.49M 675.87M 507.96M 452.84M 252.58M 560.04M 434.47M 391.10M 362.80M 237.84M 207.05M 185.88M 45.28M 55.77M 122.06M 11.98M
Accumulated OCI 2,694.14M 0.00M 2,284.09M 1,918.52M 405.06M 396.93M 440.15M 473.95M 273.48M 873.75M 402.29M 479.92M 630.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 3,186.18M 2,998.61M 2,727.79M 2,561.27M 2,293.02M 2,338.55M 2,299.18M 427.17M 459.60M 431.04M 554.50M 919.12M 854.84M 814.75M 843.60M 640.63M 516.72M 415.18M 416.94M 453.99M 467.48M 467.82M 757.67M 748.69M 655.28M 605.38M 95.74M 96.18M 85.11M 63.44M 55.75M 49.35M
Total Shareholders’ Equity 10,845.83M 7,663.67M 9,919.30M 9,298.73M 7,194.11M 7,248.35M 6,256.64M 6,442.19M 6,302.89M 6,514.67M 5,413.66M 3,916.28M 3,228.35M 2,361.27M 2,325.41M 2,225.67M 2,161.61M 1,932.99M 1,765.08M 1,709.96M 1,509.69M 1,817.16M 1,691.59M 1,648.21M 1,619.92M 1,494.96M 1,045.13M 950.13M 809.53M 720.03M 564.90M 319.82M
Total Equity 14,032.01M 10,662.27M 12,647.09M 11,860.00M 9,487.13M 9,586.90M 8,555.82M 6,869.36M 6,762.49M 6,945.71M 5,968.16M 4,835.40M 4,083.19M 3,176.02M 3,169.01M 2,866.30M 2,678.34M 2,348.17M 2,182.02M 2,163.95M 1,977.17M 2,284.98M 2,449.26M 2,396.90M 2,275.20M 2,100.34M 1,140.87M 1,046.32M 894.65M 783.47M 620.65M 369.16M
Total Liabilities & Equity 22,917.08M 19,435.48M 21,086.36M 21,671.97M 18,396.66M 17,416.04M 18,222.03M 14,692.18M 13,017.80M 14,032.41M 13,185.65M 12,838.37M 10,848.21M 10,829.46M 11,207.57M 9,536.45M 8,073.09M 7,096.63M 5,347.31M 3,760.51M 4,274.03M 4,536.17M 4,780.43M 4,803.50M 4,395.14M 3,647.86M 1,402.23M 1,429.96M 1,028.63M 804.88M 637.66M 389.23M
Tangible Assets 24,023.71M 24,261.82M 22,240.24M 21,139.11M 20,045.17M 18,607.21M 19,446.14M 18,115.20M 16,290.12M 16,516.22M 16,066.31M 12,353.11M 12,508.45M 12,686.23M 13,061.93M 15,219.31M 13,828.43M 11,332.92M 9,308.58M 7,432.50M 8,210.35M 6,637.23M 6,577.19M 6,413.14M 5,929.04M 5,654.13M 3,790.90M 3,056.67M 2,585.81M 1,937.00M 1,813.83M 1,204.66M
Tangible Equity 13,852.51M 10,476.15M 12,449.39M 11,638.67M 9,240.36M 9,318.40M 8,253.44M 6,862.96M 6,756.75M 6,938.61M 5,962.02M 4,831.30M 4,078.14M 3,170.69M 3,123.54M 2,813.13M 2,619.09M 2,281.83M 2,109.13M 1,983.58M 1,779.04M 2,069.09M 2,220.91M 2,151.21M 2,069.02M 1,979.26M 1,012.67M 1,046.32M 894.65M 783.47M 620.65M 369.16M
Tangible Book Value 13,852.51M 10,476.15M 12,449.39M 11,638.67M 9,240.36M 9,318.40M 8,253.44M 6,862.96M 6,756.75M 6,938.61M 5,962.02M 4,831.30M 4,078.14M 3,170.69M 3,123.54M 2,813.13M 2,619.09M 2,281.83M 2,109.13M 1,983.58M 1,779.04M 2,069.09M 2,220.91M 2,151.21M 2,069.02M 1,979.26M 1,012.67M 1,046.32M 894.65M 783.47M 620.65M 369.16M
Total Investments 5,306.17M 5,439.68M 5,287.80M 4,813.83M 4,584.74M 4,209.30M 4,125.97M 5,091.56M 0.00M 4,801.48M 3,944.21M 4,431.31M 4,661.86M 3,867.42M 3,746.62M 3,609.49M 3,600.27M 2,813.29M 2,196.26M 1,852.48M 1,773.91M 2,425.33M 1,878.87M 1,793.63M 1,348.55M 884.69M 937.21M 903.66M 503.54M 342.16M 4.47M 5.94M
Net Debt 2,725.58M 2,076.65M 3,444.93M 2,958.01M 3,134.78M 3,515.20M 3,960.26M 3,551.66M 3,441.11M 3,599.74M 3,707.38M 5,223.10M 5,504.52M 5,872.05M 6,007.82M 4,973.03M 4,608.61M 4,045.50M 2,301.15M 897.66M 1,519.68M 1,413.45M 1,478.19M 1,939.33M 1,667.14M 995.16M 877.64M 67.02M -398.07M -475.30M -356.00M -133.49M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Working Capital 4,659.3M 4,106.4M 2,861.0M 3,419.6M 2,910.5M 1,979.8M 490.8M 1,623.5M -788.7M 413.3M 1,126.7M -608.5M -470.2M -466.7M -1,804.3M -507.1M -727.4M -619.5M -513.2M -705.1M -41.1M -355.3M -32.2M -149.8M -111.5M 178.0M 586.7M 139.3M 313.5M 385.2M 330.7M 53.5M
Total Capital 19,030.7M 18,386.6M 17,199.1M 17,548.4M 16,618.4M 15,510.9M 14,803.6M 16,671.8M 15,068.2M 14,985.9M 14,649.7M 11,246.2M 10,957.5M 11,086.5M 11,075.2M 10,491.4M 9,477.7M 8,012.5M 6,330.2M 4,847.0M 5,055.0M 6,041.6M 5,747.5M 5,721.8M 5,279.4M 4,787.8M 4,935.8M 2,739.5M 2,281.0M 1,682.7M 1,643.9M 1,042.3M
Capital Employed 23,020.1M 22,390.8M 20,771.7M 19,832.0M 18,734.4M 17,712.4M 17,152.9M 15,828.1M 13,273.0M 14,460.9M 14,526.8M 10,195.8M 11,388.0M 11,171.0M 10,392.1M 9,985.0M 9,294.8M 7,741.0M 6,260.8M 4,854.0M 6,090.7M 5,818.5M 6,111.6M 6,124.9M 5,729.0M 5,320.2M 3,055.0M 2,654.7M 2,380.9M 1,731.7M 1,702.5M 1,088.8M
Invested Capital 13,571.4M 12,589.6M 12,909.3M 12,829.8M 12,327.8M 12,554.5M 11,956.2M 13,853.9M 12,943.7M 12,622.8M 12,046.4M 10,259.5M 10,395.7M 10,110.0M 10,276.7M 9,472.4M 9,218.9M 7,793.7M 5,983.1M 4,656.4M 4,564.3M 5,495.0M 5,234.7M 5,473.4M 5,147.5M 4,326.5M 4,154.3M 2,519.2M 1,862.9M 1,205.4M 1,284.5M 892.1M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31
Net Income 1,145.50M 1,633.96M 2,102.91M 1,633.81M 1,794.59M 2,426.78M 1,364.39M 1,449.59M 1,903.34M 1,710.22M 1,172.36M 539.43M 358.85M 100.05M 201.19M 223.87M 438.33M 376.82M 471.94M 590.50M 424.66M 451.64M 352.78M 310.09M 298.88M 214.18M 160.82M 326.78M 147.31M
Depreciation & Amortization 0.00M 564.43M 1,071.72M 1,159.15M 1,052.01M 1,276.06M 1,035.90M 842.57M 810.14M 826.17M 892.12M 608.60M 576.71M 677.40M 388.04M 379.79M 246.69M 194.32M 157.57M 178.77M 174.65M 183.30M 175.83M 166.93M 147.73M 132.95M 54.46M 33.95M 32.46M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 93.47M 34.33M 12.92M 33.92M -146.56M -342.32M -29.44M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 407.41M -83.43M -11.34M -159.79M -165.35M -41.61M 124.39M -40.48M -475.30M -173.04M -53.48M -0.37M 34.46M -142.15M 29.77M -9.20M 67.88M -234.57M 43.33M 13.00M -12.48M -37.20M 73.68M -80.04M -145.78M 24.71M -9.98M -1.47M -83.73M
Accounts Receivable 96.21M -84.24M -80.52M -161.41M -102.79M 8.32M 136.75M -15.04M 245.48M -44.13M 28.11M -23.78M 21.91M 3.04M -3.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M -0.59M 0.06M -0.03M -0.08M 0.32M 0.48M -0.80M 0.00M 0.00M -8.29M 0.28M -0.06M 0.19M -0.27M -0.02M -0.02M 0.05M -0.03M 0.02M 0.00M 0.22M 0.00M 0.05M 0.05M
Accounts Payable 0.00M 0.00M 74.29M 452.54M -156.03M -83.67M -25.33M -210.53M -574.13M 213.09M -52.64M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 311.19M 0.81M 94.77M -450.92M 93.47M 34.33M 12.92M 185.13M -475.22M -173.36M -53.96M 0.43M 0.00M 0.00M 0.00M -9.48M 67.94M -234.75M 43.60M 13.02M -12.46M -37.25M 73.71M -80.06M -145.78M 24.50M -9.97M -1.52M -83.78M
Other Non-Cash Items 2,308.80M 1,358.96M 93.07M 1,198.62M 70.78M 8.50M 111.51M -263.12M -322.19M -168.36M -86.74M -150.66M -2.78M 122.16M 2.18M 25.85M -162.61M -110.59M -90.18M -91.44M 9.23M 30.47M 72.53M 56.62M 55.08M 106.30M -48.95M -169.72M 73.51M
Net Cash from Operating Activities 3,861.71M 3,409.28M 3,256.36M 3,831.79M 2,752.03M 3,669.74M 2,636.19M 1,988.55M 1,915.99M 2,194.99M 1,924.26M 996.99M 967.24M 757.45M 621.18M 620.31M 590.29M 225.99M 582.65M 690.83M 596.06M 628.20M 674.82M 453.60M 355.92M 478.14M 156.36M 189.54M 169.56M
Capital Expenditures (PPE) -1,843.27M -2,217.96M -2,036.60M -1,539.39M -875.18M -513.66M -660.01M -823.07M -845.37M -429.01M -487.33M -97.15M -234.51M -440.50M -1,135.21M -828.12M -974.83M -1,117.04M -1,235.74M -231.62M -24.83M -51.79M -73.22M -149.63M -21.89M -16.11M -27.63M -170.09M -232.85M
Acquisitions (Net) 0.01M 0.03M 0.00M 175.12M 28.51M 518.45M 660.08M 20.06M 228.22M 0.62M 0.67M 0.00M 4.16M 440.64M 1,140.94M 828.44M 975.63M 0.29M 1,246.05M 0.00M 24.86M 51.99M 73.26M 149.65M 22.32M 16.43M 138.01M 150.01M 0.20M
Purchases of Investments -21.15M -201.66M -201.66M -166.33M -321.34M -134.65M -224.91M -225.00M 0.00M -800.00M -803.50M 0.00M -56.00M -214.80M -50.00M -390.00M -372.30M -622.50M -321.25M 0.00M -14.77M -793.18M -104.00M -542.03M -1,008.39M -755.11M -719.99M -712.84M -723.55M
Sales / Maturities of Investments 221.39M 170.33M 197.91M 80.43M 168.70M 219.74M 372.48M 420.18M 414.39M 424.31M 471.05M 616.83M 193.99M 525.44M 329.94M 377.07M 348.31M 276.29M 310.19M 88.71M 59.82M 493.56M 100.19M 187.84M 161.02M 329.67M 387.68M 198.30M 252.29M
Other Investing Activities 63.53M 20.17M 3.06M -34.61M 0.81M -513.66M -660.01M 224.96M 228.22M 60.00M -927.13M 20.02M 8.65M -440.50M -1,135.21M -828.12M -974.83M 0.00M -1,235.74M 18.30M -24.83M -51.79M -73.22M -149.63M -21.89M -16.11M 22.23M -1.23M 37.25M
Net Cash from Investing Activities -1,579.49M -2,229.10M -2,037.29M -1,484.78M -998.50M -423.79M -512.37M -382.87M -202.76M -744.09M -1,746.25M 539.69M -83.71M -129.74M -849.53M -840.74M -998.01M -1,462.96M -1,236.48M -124.61M 20.25M -351.21M -77.01M -503.81M -868.82M -441.22M -199.71M -535.85M -666.66M
Net Debt Issuance 233.54M 29.16M 80.87M -363.13M 1,025.59M -386.91M 439.52M 102.28M -400.26M -397.88M 167.82M -1,159.35M -783.49M 39.69M 322.69M 1,287.27M 778.09M 1,475.35M 1,380.00M -450.00M -250.00M 145.00M -70.00M 385.59M 347.86M -160.00M -27.96M 252.35M 20.00M
Long-Term Debt Issuance 132.65M 29.16M 80.87M -363.13M 1,025.59M -379.55M 439.52M 102.28M -400.26M -397.88M 167.82M -1,159.35M -783.49M 39.69M 322.69M 1,287.27M 778.09M 1,475.35M 1,380.00M -450.00M -250.00M 145.00M -70.00M 385.59M 347.86M -160.00M -27.96M 252.35M 20.00M
Short-Term Debt Issuance 100.89M 0.00M 0.00M 0.00M 0.00M -7.36M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -35.00M -43.75M 0.00M 0.00M 0.00M 0.00M 0.00M -0.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -35.00M -218.75M 0.00M 0.00M 0.00M 0.00M 0.00M 0.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -171.95M -1,389.79M -1,391.04M -1,157.54M -1,191.76M -608.42M -882.32M -1,175.03M -1,340.18M -995.34M -560.17M -473.83M -486.86M -496.06M -486.76M -433.17M -389.24M -384.30M -569.63M -416.84M -422.21M -388.15M -262.35M -223.11M -165.96M -259.74M -164.50M -103.96M -148.28M
Common Dividends Paid -171.95M -1,389.79M -1,391.04M -1,157.54M -1,436.81M -911.52M -1,207.42M -1,640.28M -1,340.18M -995.34M -560.17M -594.75M -486.86M -496.06M -486.76M -433.17M -389.24M -321.69M -569.63M -213.71M -185.30M -150.85M -125.71M -223.11M -165.96M -259.74M -164.50M -103.96M -148.28M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 371.60M 120.92M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -203.13M -236.91M -237.29M -136.63M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -1,418.30M -124.99M -346.32M -408.67M -13.78M -1,838.15M -1,564.44M -579.44M -210.25M -299.37M 1,246.91M -132.86M -27.58M 6.41M 172.11M 126.46M 59.01M -45.10M 0.00M 0.00M 0.00M 0.00M -1.03M 4.14M 1.58M 15.00M 797.09M 0.00M 566.13M
Net Cash from Financing Activities -1,391.71M -1,735.31M -1,656.49M -1,929.34M -425.01M -3,136.58M -2,332.34M -910.75M -1,950.70M -1,692.59M 1,226.16M -1,111.25M -1,297.92M -449.96M 8.03M 980.57M 447.86M 1,108.56M 810.37M -866.84M -672.21M -243.15M -333.37M 166.62M 183.48M -404.74M 604.63M 148.39M 437.85M
Effect of FX on Cash 4.21M -4.59M -4.59M -0.69M 0.99M -0.37M 1.73M -1.53M -2.27M 1.45M -0.52M -0.50M -0.28M 0.24M -0.19M -0.02M -0.01M 0.00M -0.03M 0.52M 0.00M 0.00M 0.02M 0.00M 0.00M 0.00M -0.15M 0.17M 0.00M
Net Change in Cash 894.73M -556.72M -442.00M 416.97M 1,329.51M 109.01M -206.80M 693.40M -239.74M -240.24M 1,403.65M 424.94M -414.67M 177.98M -220.51M 760.12M 40.13M -128.42M 156.51M -300.10M -55.89M 33.85M 264.46M 116.41M -329.43M -367.81M 561.14M -197.74M -59.25M
Cash at Beginning of Period 19,501.87M 19,616.93M 4,701.66M 4,284.69M 2,955.18M 2,846.18M 3,052.98M 2,123.30M 2,363.04M 2,603.28M 1,199.63M 561.80M 976.47M 798.49M 1,019.00M 258.88M 218.75M 347.17M 190.67M 490.76M 546.66M 512.81M 248.35M 131.94M 461.37M 829.18M 220.33M 418.07M 477.32M
Cash at End of Period 20,396.60M 19,060.21M 4,259.65M 4,701.66M 4,284.69M 2,955.18M 2,846.18M 2,816.70M 2,123.30M 2,363.04M 2,603.28M 986.74M 561.80M 976.47M 798.49M 1,019.00M 258.88M 218.75M 347.17M 190.67M 490.76M 546.66M 512.81M 248.35M 131.94M 461.37M 781.47M 220.33M 418.07M
Operating Cash Flow 3,812.90M 3,428.86M 3,256.36M 3,831.79M 2,752.03M 3,669.74M 2,636.19M 1,988.55M 1,915.99M 2,194.99M 1,924.26M 996.99M 967.24M 757.45M 621.18M 620.31M 590.29M 225.99M 582.65M 690.83M 596.06M 628.20M 674.82M 453.60M 355.92M 478.14M 156.36M 189.54M 169.56M
Capital Expenditure -1,843.27M -2,217.96M -2,036.60M -1,539.39M -875.18M -513.66M -660.01M -823.07M -845.37M -429.01M -487.33M -97.15M -234.51M -440.50M -1,135.21M -828.12M -974.83M -1,117.04M -1,235.74M -231.62M -24.83M -51.79M -73.22M -149.63M -21.89M -16.11M -27.63M -170.09M -232.85M
Free Cash Flow 1,969.63M 1,210.90M 1,219.76M 2,292.40M 1,876.85M 3,156.08M 1,976.17M 1,165.48M 1,070.61M 1,765.98M 1,436.93M 899.84M 732.73M 316.95M -514.03M -207.82M -384.53M -891.05M -653.08M 459.21M 571.24M 576.42M 601.60M 303.96M 334.03M 462.04M 128.73M 19.46M -63.29M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31
EBITDA 2,906.33M 3,927.72M 3,789.51M 4,094.11M 3,417.85M 4,385.79M 2,957.31M 4,066.11M 2,566.26M 2,478.10M 2,241.62M 2,080.79M 1,027.44M 901.82M 668.26M 784.80M 663.37M 541.42M 637.16M 843.28M 739.87M 808.50M 724.02M 663.31M 617.20M 492.15M 188.10M 198.25M 173.72M
(-) Tax Adjustment 630.03M 922.64M 916.85M 982.73M 799.74M 1,019.92M 783.09M 969.72M 237.79M 242.80M 473.80M 458.64M 132.52M 0.00M 92.19M 71.47M 75.24M 73.72M 86.30M 172.73M 203.67M 178.42M 240.45M 174.81M 164.23M 91.91M 23.66M 19.81M 8.10M
(-) Change In Working Capital 407.41M -83.43M -11.34M -159.79M -165.35M -41.61M 124.39M -40.48M -475.30M -173.04M -53.48M -0.37M 34.46M -142.15M 29.77M -9.20M 67.88M -234.57M 43.33M 13.00M -12.48M -37.20M 73.68M -80.04M -145.78M 24.71M -9.98M -1.47M -83.73M
(-) Capital Expenditure -1,843.27M -2,217.96M -2,036.60M -1,539.39M -875.18M -513.66M -660.01M -823.07M -845.37M -429.01M -487.33M -97.15M -234.51M -440.50M -1,135.21M -828.12M -974.83M -1,117.04M -1,235.74M -231.62M -24.83M -51.79M -73.22M -149.63M -21.89M -16.11M -27.63M -170.09M -232.85M
Unlevered Free Cash Flow 25.62M 870.55M 847.39M 1,731.78M 1,908.29M 2,893.81M 1,389.82M 2,313.79M 1,958.39M 1,979.32M 1,333.98M 1,525.37M 625.94M 603.46M -588.91M -105.59M -454.57M -414.78M -728.21M 425.93M 523.86M 615.49M 336.66M 418.90M 576.86M 359.42M 146.78M 9.82M 16.49M
(-) Net Interest Income After Taxes -44.47M -3.51M -92.10M -92.00M -146.34M -169.87M -155.81M -164.06M -151.03M -224.45M -268.39M -265.95M -349.64M -427.25M -261.40M -208.76M -143.55M -114.08M -108.91M -81.01M -82.35M -85.87M -69.61M -48.07M -14.61M -70.36M 0.78M 11.42M 24.13M
Net Debt Issuance 233.54M 29.16M 80.87M -363.13M 1,025.59M -386.91M 439.52M 102.28M -400.26M -397.88M 167.82M -1,159.35M -783.49M 39.69M 322.69M 1,287.27M 778.09M 1,475.35M 1,380.00M -450.00M -250.00M 145.00M -70.00M 385.59M 347.86M -160.00M -27.96M 252.35M 20.00M
Levered Free Cash Flow 303.64M 903.22M 1,020.36M 1,460.65M 3,080.22M 2,676.76M 1,985.15M 2,580.13M 1,709.17M 1,805.89M 1,770.18M 631.97M 192.09M 1,070.40M -4.83M 1,390.44M 467.07M 1,174.65M 760.71M 56.94M 356.21M 846.36M 336.27M 852.57M 939.33M 269.78M 118.04M 250.75M 12.36M