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Page: Company Financials

Cincinnati Financial Corporation

Ticker: 0HYE.L | Industry: Insurance - Property & Casualty | Sector: Financial Services
$155.51 -1.25 (-0.80%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 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 1995
Stock Price 158.10 148.92 151.58 130.30 103.79 111.73 111.97 76.21 103.32 73.48 74.07 72.86 54.11 48.90 48.30 37.40 29.69 28.82 24.36 30.24 42.43 45.63 41.92 40.57 34.89 36.95 35.39 32.68 32.36 33.45 28.12 18.41 16.39
Market Capitalization 24,711.03M 23,276.20M 23,696.88M 20,373.38M 16,315.78M 17,780.14M 18,074.86M 12,310.51M 17,009.49M 11,985.15M 12,192.06M 12,081.05M 8,959.08M 8,051.96M 7,976.82M 6,097.26M 4,834.00M 4,690.57M 3,960.06M 4,956.73M 7,346.33M 7,910.19M 7,400.28M 7,134.42M 6,177.19M 6,553.61M 6,268.07M 5,790.38M 5,829.39M 6,157.55M 5,124.96M 3,366.32M 3,070.74M
(-) Cash & Equivalents 1,460.00M 995.00M 1,155.00M 1,031.25M 877.25M 1,108.00M 1,043.50M 751.50M 789.75M 631.25M 620.00M 659.25M 522.50M 496.50M 426.50M 397.50M 359.50M 389.25M 443.50M 481.50M 182.00M 212.50M 126.50M 266.00M 135.50M 121.25M 73.85M 43.90M 128.39M 94.15M 62.79M 34.48M 33.75M
(+) Total Debt 858.00M 884.00M 873.33M 874.00M 876.25M 888.25M 903.25M 948.25M 882.75M 867.00M 844.75M 851.50M 865.75M 891.75M 936.75M 933.75M 866.50M 839.00M 839.00M 855.00M 850.00M 827.75M 791.00M 596.75M 603.00M 604.00M 607.94M 611.17M 528.27M 438.88M 348.12M 327.24M 268.83M
Enterprise Value 24,109.03M 23,165.20M 23,415.21M 20,216.13M 16,314.78M 17,560.39M 17,934.61M 12,507.26M 17,102.49M 12,220.90M 12,416.81M 12,273.30M 9,302.33M 8,447.21M 8,487.07M 6,633.51M 5,341.00M 5,140.32M 4,355.56M 5,330.23M 8,014.33M 8,525.44M 8,064.78M 7,465.17M 6,644.69M 7,036.36M 6,802.15M 6,357.66M 6,229.27M 6,502.27M 5,410.29M 3,659.07M 3,305.82M

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 1994-12-31 1993-12-31 1992-12-31 1991-12-31 1990-12-31 1989-12-31
Revenue 12,078M 12,155M 11,337M 10,013M 6,563M 9,626M 7,536M 7,924M 5,407M 5,732M 5,449M 5,142M 4,945M 4,531M 4,111M 3,803M 3,772M 3,903M 3,824M 4,259M 4,550M 3,767M 3,614M 3,181M 2,843M 2,561M 2,331M 2,128M 2,054M 1,942M 1,809M 1,656M 1,513M 1,442M 1,304M 1,161M 1,049M 974M
Cost of Revenue 6,498M 5,611M 5,737M 5,274M 5,019M 3,909M 4,134M 3,638M 3,490M 3,390M 3,107M 2,808M 2,856M 2,505M 2,322M 2,524M 2,180M 2,242M 2,176M 1,954M 2,107M 1,892M 1,816M 1,845M 1,769M 1,636M 1,548M 1,237M 1,210M 1,047M 1,079M 954M 895M 826M 762M 294M 175M 169M
Gross Profit 5,580M 6,544M 5,600M 4,739M 1,544M 5,717M 3,402M 4,286M 1,917M 2,342M 2,342M 2,334M 2,089M 2,026M 1,789M 1,279M 1,592M 1,661M 1,648M 2,305M 2,443M 1,875M 1,798M 1,336M 1,074M 925M 783M 891M 844M 895M 730M 702M 617M 616M 542M 868M 874M 805M
Gross Profit Margin 46.2% 53.8% 49.4% 47.3% 23.5% 59.4% 45.1% 54.1% 35.5% 40.9% 43.0% 45.4% 42.2% 44.7% 43.5% 33.6% 42.2% 42.6% 43.1% 54.1% 53.7% 49.8% 49.8% 42.0% 37.8% 36.1% 33.6% 41.9% 41.1% 46.1% 40.3% 42.4% 40.8% 42.7% 41.5% 74.7% 83.4% 82.6%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 20M 987M 13M 984M 929M 885M 740M 674M 576M 523M 468M 439M 422M 376M 343M 316M 304M 289M 0M 0M 0M
Operating Expenses 2,961M 2,675M 2,742M 2,463M 2,238M 2,019M 1,903M 1,814M 1,666M 1,612M 1,530M 1,453M 1,368M 1,312M 1,223M 1,106M 1,094M 1,079M 1,108M 1,113M 1,114M 1,052M 998M 856M 795M 704M 674M 569M 537M 501M 447M 406M 368M 349M 333M 7M 6M 7M
Operating Income (EBIT) 2,619M 3,869M 2,858M 2,276M -694M 3,698M 1,499M 2,472M 251M 730M 812M 881M 721M 714M 566M 173M 498M 582M 540M 1,192M 1,329M 823M 800M 480M 279M 221M 109M 322M 307M 395M 282M 295M 249M 267M 209M 861M 868M 799M
Operating Income Margin 21.7% 31.8% 25.2% 22.7% -10.6% 38.4% 19.9% 31.2% 4.6% 12.7% 14.9% 17.1% 14.6% 15.8% 13.8% 4.5% 13.2% 14.9% 14.1% 28.0% 29.2% 21.8% 22.1% 15.1% 9.8% 8.6% 4.7% 15.1% 14.9% 20.3% 15.6% 17.8% 16.5% 18.5% 16.0% 74.2% 82.7% 82.0%
Interest Income 1,135M 974M 1,016M 882M 785M 723M 675M 647M 626M 615M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 53M 54M 53M 54M 53M 53M 54M 53M 53M 53M 53M 53M 53M 54M 54M 54M 54M 55M 53M 52M 53M 51M 38M 34M 35M 39M 37M 33M 28M 21M 20M 17M 10M 7M 7M 7M 6M 7M
Net Interest Income 1,082M 920M 963M 828M 732M 670M 621M 594M 573M 562M -53M -53M -53M -54M -54M -54M -54M -55M -53M -52M -53M -51M -38M -34M -35M -39M -37M -33M -28M -21M -20M -17M -10M -7M -7M -7M -6M -7M
Unusual Items -1,082M -920M -963M -828M -732M -670M -621M -594M -573M -562M 53M 53M 53M 54M 54M 54M 54M 55M 53M 52M 53M 51M 38M 34M 35M 39M 37M 33M 28M 21M 20M 17M 10M 7M 7M -677M -712M -659M
EBT Excluding Unusual Items 3,701M 4,789M 3,821M 3,104M 38M 4,368M 2,120M 3,066M 824M 1,292M 759M 828M 668M 660M 512M 119M 444M 527M 487M 1,140M 1,276M 772M 762M 446M 244M 182M 72M 289M 279M 374M 262M 278M 239M 260M 203M 854M 862M 792M
Pre-Tax Income 2,619M 3,869M 2,858M 2,276M -694M 3,698M 1,499M 2,472M 251M 730M 812M 881M 721M 714M 566M 173M 498M 582M 540M 1,192M 1,329M 823M 800M 480M 279M 221M 109M 322M 307M 395M 282M 295M 249M 267M 209M 177M 150M 133M
Pre-Tax Margin 21.7% 31.8% 25.2% 22.7% -10.6% 38.4% 19.9% 31.2% 4.6% 12.7% 14.9% 17.1% 14.6% 15.8% 13.8% 4.5% 13.2% 14.9% 14.1% 28.0% 29.2% 21.8% 22.1% 15.1% 9.8% 8.6% 4.7% 15.1% 14.9% 20.3% 15.6% 17.8% 16.5% 18.5% 16.0% 15.3% 14.3% 13.7%
Income Tax Expense 497M 799M 566M 433M -207M 730M 283M 475M -36M -315M 221M 247M 196M 197M 145M 9M 123M 150M 111M 337M 399M 221M 216M 106M 41M 28M -9M 67M 66M 95M 59M 68M 48M -65M -38M 31M 21M 19M
Net Income 2,122M 3,070M 2,292M 1,843M -487M 2,968M 1,216M 1,997M 287M 1,045M 591M 634M 525M 517M 421M 164M 375M 432M 429M 855M 930M 602M 584M 374M 238M 193M 118M 255M 242M 299M 224M 227M 201M 216M 171M 146M 129M 115M
Net Income Margin 17.6% 25.3% 20.2% 18.4% -7.4% 30.8% 16.1% 25.2% 5.3% 18.2% 10.8% 12.3% 10.6% 11.4% 10.2% 4.3% 9.9% 11.1% 11.2% 20.1% 20.4% 16.0% 16.2% 11.8% 8.4% 7.5% 5.1% 12.0% 11.8% 15.4% 12.4% 13.7% 13.3% 15.0% 13.1% 12.6% 12.3% 11.8%
Depreciation & Amortization 141M 139M 130M 112M 127M 118M 109M 72M 63M 55M 48M 52M 51M 50M 44M 42M 41M 38M 32M 36M 38M 33M 28M 30M 22M 25M 18M 16M 12M 11M 7M 10M 10M 10M 10M 6M 5M 6M
EBITDA 2,760M 4,008M 2,988M 2,388M -567M 3,816M 1,608M 2,544M 314M 785M 860M 933M 772M 764M 610M 215M 539M 620M 572M 1,228M 1,367M 856M 828M 510M 301M 246M 127M 338M 319M 406M 290M 305M 259M 277M 219M 867M 873M 805M
EBITDA Margin 22.9% 33.0% 26.4% 23.8% -8.6% 39.6% 21.3% 32.1% 5.8% 13.7% 15.8% 18.1% 15.6% 16.9% 14.8% 5.7% 14.3% 15.9% 15.0% 28.8% 30.0% 22.7% 22.9% 16.0% 10.6% 9.6% 5.4% 15.9% 15.5% 20.9% 16.0% 18.4% 17.1% 19.2% 16.8% 74.7% 83.2% 82.6%
NOPAT 2,122M 3,070M 2,292M 1,843M -548M 2,968M 1,216M 1,997M 287M 1,045M 591M 634M 525M 517M 421M 164M 375M 432M 429M 855M 930M 602M 584M 374M 238M 193M 118M 255M 242M 299M 224M 227M 201M 332M 247M 711M 747M 687M
NOPAT Margin 17.6% 25.3% 20.2% 18.4% -8.4% 30.8% 16.1% 25.2% 5.3% 18.2% 10.8% 12.3% 10.6% 11.4% 10.2% 4.3% 9.9% 11.1% 11.2% 20.1% 20.4% 16.0% 16.2% 11.8% 8.4% 7.5% 5.1% 12.0% 11.8% 15.4% 12.4% 13.7% 13.3% 23.0% 18.9% 61.2% 71.3% 70.5%
Owner's Earnings 2,259M 3,183M 2,400M 1,937M -375M 3,071M 1,305M 2,045M 330M 1,084M 626M 676M 567M 560M 459M 199M 399M 428M 425M 821M 916M 591M 579M 366M 233M 203M 92M 169M 206M 294M 212M 226M 200M 219M 169M 137M 130M 117M
Owner's Earnings Margin 18.7% 26.2% 21.2% 19.3% -5.7% 31.9% 17.3% 25.8% 6.1% 18.9% 11.5% 13.1% 11.5% 12.4% 11.2% 5.2% 10.6% 11.0% 11.1% 19.3% 20.1% 15.7% 16.0% 11.5% 8.2% 7.9% 4.0% 7.9% 10.0% 15.1% 11.7% 13.7% 13.2% 15.2% 13.0% 11.8% 12.4% 12.0%
EPS (Basic) 13.57 19.61 14.65 11.74 -3.06 18.30 7.54 12.24 1.76 6.36 3.59 3.87 3.21 3.16 2.59 1.02 2.32 2.67 2.63 5.01 5.36 3.44 3.30 2.11 1.33 1.09 0.67 1.41 1.32 1.64 1.22 1.23 1.07 1.15 0.93 0.82 0.72 0.64
EPS (Diluted) 13.48 19.46 14.52 11.66 -3.07 18.24 7.49 12.10 1.74 6.30 3.55 3.83 3.18 3.13 2.57 1.00 2.30 2.65 2.63 4.97 5.30 3.40 3.27 2.10 1.32 1.08 0.65 1.37 1.27 1.59 1.17 1.19 1.07 1.15 0.93 0.81 0.72 0.63
Shares (Basic) 156M 157M 156M 158M 159M 161M 162M 165M 164M 164M 165M 164M 164M 165M 164M 163M 163M 163M 163M 171M 173M 177M 178M 178M 180M 177M 177M 182M 184M 183M 184M 184M 188M 188M 184M 179M 180M 178M
Shares (Diluted) 157M 158M 158M 158M 159M 163M 162M 165M 165M 166M 167M 166M 165M 165M 164M 163M 163M 163M 163M 172M 175M 177M 178M 179M 180M 179M 181M 186M 190M 188M 191M 191M 188M 188M 184M 181M 180M 180M

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 1994-12-31 1993-12-31 1992-12-31 1991-12-31 1990-12-31 1989-12-31
Cash & Cash Equivalents 1,460.00M 995.00M 983.00M 907.00M 1,264.00M 1,139.00M 900.00M 767.00M 784.00M 657.00M 777.00M 544.00M 591.00M 433.00M 487.00M 438.00M 385.00M 557.00M 1,009.00M 226.00M 202.00M 119.00M 306.00M 91.00M 112.00M 48.00M 60.00M 339.55M 58.61M 80.17M 59.93M 20.02M 48.25M 48.11M 0.00M 0.00M 0.00M 0.00M
Short-Term Investments 1,001.00M 1,182.00M 16,480.00M 13,791.00M 12,132.00M 13,022.00M 12,338.00M 11,698.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.00M 84.00M 101.00M 95.00M 75.00M 71.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 38.36M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 2,461.00M 2,177.00M 17,463.00M 14,698.00M 13,396.00M 14,161.00M 13,238.00M 12,465.00M 784.00M 657.00M 777.00M 544.00M 591.00M 433.00M 487.00M 438.00M 385.00M 563.00M 1,093.00M 327.00M 297.00M 194.00M 377.00M 91.00M 112.00M 48.00M 60.00M 339.55M 58.61M 80.17M 59.93M 20.02M 48.25M 86.48M 0.00M 0.00M 0.00M 0.00M
Net Receivables 4,366.00M 4,513.00M 3,834.00M 3,543.00M 3,239.00M 2,865.00M 2,627.00M 2,597.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,904.00M 1,088.00M 1,070.00M 1,130.00M 1,199.00M 1,236.00M 1,221.00M 0.00M 1,141.00M 989.00M 759.00M 683.00M 199.52M 196.52M 190.25M 188.91M 181.40M 158.14M 147.37M 0.00M 0.00M 0.00M 0.00M
Inventory 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets -6,927.00M -6,820.00M -21,367.00M -18,296.00M -16,686.00M -17,104.00M -15,930.00M -15,116.00M 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 Current Assets -100.00M -130.00M -70.00M -55.00M -51.00M -78.00M -65.00M -54.00M 784.00M 657.00M 777.00M 544.00M 591.00M 433.00M 487.00M 2,342.00M 1,473.00M 1,633.00M 2,223.00M 1,526.00M 1,533.00M 1,415.00M 377.00M 1,232.00M 1,101.00M 807.00M 743.00M 539.07M 255.13M 270.42M 248.84M 201.42M 206.40M 233.85M 0.00M 0.00M 0.00M 0.00M
Property, Plant & Equipment 213.00M 214.00M 214.00M 208.00M 202.00M 205.00M 213.00M 207.00M 195.00M 185.00M 183.00M 185.00M 194.00M 210.00M 217.00M 227.00M 229.00M 251.00M 236.00M 239.00M 193.00M 168.00M 156.00M 136.00M 128.00M 125.00M 122.01M 107.78M 53.64M 52.56M 39.49M 33.06M 32.67M 31.30M 34.00M 31.70M 23.80M 24.90M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1,242.00M 0.00M 0.00M -1,187.00M 0.00M 0.00M -855.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 738.00M 670.00M 637.00M 616.00M 578.00M 565.00M 470.00M 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
Long-Term Investments 30,326.00M 28,926.00M 27,665.00M 24,780.00M 21,973.00M 24,337.00M 21,194.00M 19,450.00M 16,609.00M 16,948.00M 15,419.00M 14,356.00M 14,318.00M 13,496.00M 12,466.00M 11,735.00M 39.00M 10,637.00M 8,806.00M 12,160.00M 13,664.00M 75.00M 12,639.00M 0.00M 11,189.00M 11,505.00M 11,247.28M 10,128.33M 10,267.05M 8,750.49M 6,301.99M 5,488.76M 4,173.36M 4,078.46M 0.00M 0.00M 0.00M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 745.00M 865.00M 0.00M 840.00M 673.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,653.00M 1,622.00M 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 Non-Current Assets -30,539.00M -29,140.00M -27,879.00M -24,988.00M -22,175.00M -24,542.00M -21,407.00M -19,657.00M 0.00M -32,004.00M -29,056.00M 0.00M -27,118.00M -25,250.00M 0.00M 0.00M -8.00M -10,736.00M -8,916.00M -11,422.00M -13,857.00M -243.00M -12,639.00M 0.00M -11,189.00M -11,630.00M -11,369.28M -10,236.11M -10,320.69M -8,803.05M -6,341.47M -5,521.81M -4,206.04M -4,078.46M -34.00M -31.70M -23.80M -24.90M
Other Assets 40,567.00M 38,842.00M 36,501.00M 32,769.00M 29,732.00M 31,387.00M 27,542.00M 25,408.00M 4,851.00M 18,640.00M 17,033.00M 4,374.00M 15,786.00M 14,910.00M 3,763.00M 3,235.00M 13,344.00M 12,640.00M 12,150.00M 14,121.00M 14,023.00M 12,952.00M 15,645.00M 15,282.00M 13,819.00M 1,449.00M 1,159.72M 1,007.81M 484.25M 396.34M 432.28M 364.23M 321.85M 4,313.17M 4,028.40M 3,436.00M 2,589.60M 2,552.00M
Total Non-Current Assets 40,567.00M 38,842.00M 36,501.00M 32,769.00M 29,732.00M 31,387.00M 27,542.00M 25,408.00M 21,151.00M 5,184.00M 5,081.00M 18,344.00M 4,598.00M 4,604.00M 16,061.00M 15,197.00M 13,604.00M 12,792.00M 12,276.00M 15,098.00M 15,676.00M 14,574.00M 15,801.00M 15,418.00M 13,947.00M 1,449.00M 1,159.72M 1,007.81M 484.25M 396.34M 432.28M 364.23M 321.85M 4,344.47M 4,028.40M 3,436.00M 2,589.60M 2,552.00M
Total Assets 40,467.00M 38,712.00M 36,431.00M 32,714.00M 29,681.00M 31,309.00M 27,477.00M 25,354.00M 21,935.00M 5,841.00M 5,858.00M 18,888.00M 5,189.00M 5,037.00M 16,548.00M 17,539.00M 15,077.00M 14,425.00M 14,499.00M 16,624.00M 17,209.00M 15,989.00M 16,178.00M 16,650.00M 15,048.00M 2,256.00M 1,902.72M 1,546.88M 739.38M 666.76M 681.12M 565.65M 528.24M 4,578.32M 4,028.40M 3,436.00M 2,589.60M 2,552.00M
Accounts Payable 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt 25.00M 25.00M 25.00M 25.00M 50.00M 54.00M 54.00M 39.00M 32.00M 24.00M 20.00M 35.00M 49.00M 104.00M 104.00M 104.00M 49.00M 49.00M 49.00M 69.00M 49.00M 0.00M 0.00M 183.00M 183.00M 183.00M 170.00M 118.00M 0.00M 280.56M 262.10M 221.01M 129.12M 78.07M 0.00M 0.00M 0.00M 0.00M
Tax Payables 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities -25.00M -25.00M -25.00M -25.00M -50.00M -54.00M -54.00M -39.00M -32.00M -24.00M -20.00M -35.00M -49.00M -104.00M -104.00M 3,717.00M 9,224.00M 8,841.00M 8,347.00M 9,848.00M 9,574.00M 9,126.00M 9,067.00M 8,702.00M -183.00M -183.00M -170.00M -118.00M 0.00M -280.56M -262.10M -221.01M -129.12M -78.07M 0.00M 0.00M 0.00M 0.00M
Total Current Liabilities 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 3,821.00M 9,273.00M 8,890.00M 8,396.00M 9,917.00M 9,623.00M 9,126.00M 9,067.00M 8,885.00M 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
Long-Term Debt 790.00M 790.00M 790.00M 790.00M 789.00M 789.00M 788.00M 788.00M 788.00M 787.00M 787.00M 786.00M 786.00M 790.00M 827.00M 821.00M 790.00M 790.00M 791.00M 791.00M 791.00M 791.00M 791.00M 420.00M 420.00M 426.00M 449.00M 456.37M 471.52M 58.43M 79.85M 80.00M 80.00M 80.00M 147.00M 106.60M 72.70M 66.80M
Capital Lease Obligations 68.00M 69.00M 60.00M 59.00M 52.00M 54.00M 57.00M 57.00M 46.00M 40.00M 39.00M 35.00M 36.00M 45.00M 37.00M 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 1,792.00M 1,584.00M 1,476.00M 1,324.00M 1,054.00M 1,744.00M 1,299.00M 1,079.00M 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 2,001.00M 2,057.64M 1,719.67M 1,809.00M 1,406.48M 676.89M 487.84M 195.45M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities -2,650.00M -2,443.00M -2,326.00M -2,173.00M -1,895.00M -2,587.00M -2,144.00M -1,924.00M 13,268.00M 12,773.00M 7,735.00M 7,229.00M 7,176.00M 6,705.00M 6,250.00M -31.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 9,122.00M 8,278.00M -2,427.00M -2,506.64M -2,176.05M -2,280.52M -1,406.91M -756.74M -487.84M -195.45M -80.00M -147.00M -106.60M -72.70M -66.80M
Total Non-Current Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 14,102.00M 13,600.00M 8,561.00M 8,050.00M 7,998.00M 7,540.00M 7,114.00M 790.00M 790.00M 790.00M 791.00M 791.00M 791.00M 791.00M 791.00M 9,542.00M 8,698.00M 0.00M 0.00M 0.00M 0.00M 58.00M 0.00M 80.00M 80.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 14,102.00M 13,600.00M 8,561.00M 8,050.00M 7,998.00M 7,540.00M 7,114.00M 4,611.00M 10,063.00M 9,680.00M 9,187.00M 10,708.00M 10,414.00M 9,917.00M 9,858.00M 18,427.00M 8,698.00M 0.00M 0.00M 0.00M 0.00M 58.00M 0.00M 80.00M 80.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 397.00M 397.00M 397.00M 397.00M 397.00M 397.00M 397.00M 397.00M 397.00M 397.00M 397.00M 397.00M 397.00M 397.00M 394.00M 393.00M 393.00M 393.00M 393.00M 393.00M 391.00M 389.00M 370.00M 352.00M 352.00M 350.00M 346.00M 343.73M 340.87M 338.78M 111.66M 106.17M 100.87M 100.63M 0.00M 0.00M 0.00M 0.00M
Retained Earnings 16,179.00M 15,193.00M 14,869.00M 13,084.00M 11,711.00M 12,625.00M 10,085.00M 9,257.00M 7,625.00M 5,180.00M 5,037.00M 4,762.00M 4,505.00M 4,268.00M 4,021.00M 3,885.00M 3,980.00M 3,862.00M 3,579.00M 3,404.00M 2,786.00M 2,088.00M 2,057.00M 1,986.00M 1,772.00M 1,678.00M 1,620.00M 1,623.89M 1,480.91M 1,341.73M 1,132.88M 1,156.63M 1,133.11M 996.40M 836.50M 716.70M 615.20M 526.20M
Accumulated OCI -84.00M -249.00M -309.00M -435.00M -614.00M 648.00M 769.00M 448.00M 22.00M 2,788.00M 1,693.00M 1,344.00M 1,744.00M 1,504.00M 1,129.00M 901.00M 769.00M 624.00M 347.00M 2,151.00M 3,379.00M 3,284.00M 3,787.00M 4,084.00M 3,643.00M 4,113.00M 4,156.00M 3,530.10M 3,678.02M 2,905.76M 1,527.71M 1,159.39M 601.19M 748.51M 0.00M 0.00M 0.00M 0.00M
Minority Interest 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 16,492.00M 15,341.00M 14,957.00M 13,046.00M 11,494.00M 13,670.00M 11,251.00M 10,102.00M 8,044.00M 8,365.00M 7,127.00M 6,503.00M 6,646.00M 6,169.00M 5,544.00M 5,179.00M 5,142.00M 4,879.00M 4,319.00M 5,948.00M 6,556.00M 5,761.00M 6,214.00M 6,422.00M 5,767.00M 6,141.00M 6,122.00M 5,497.72M 5,499.80M 4,586.27M 2,772.24M 2,422.18M 1,835.17M 1,845.54M 836.50M 716.70M 615.20M 526.20M
Total Equity 16,492.00M 15,341.00M 14,957.00M 13,046.00M 11,494.00M 13,670.00M 11,251.00M 10,102.00M 8,044.00M 8,365.00M 7,127.00M 6,503.00M 6,646.00M 6,169.00M 5,544.00M 5,179.00M 5,142.00M 4,879.00M 4,319.00M 5,948.00M 6,556.00M 5,761.00M 6,214.00M 6,422.00M 5,767.00M 6,141.00M 6,122.00M 5,497.72M 5,499.80M 4,586.27M 2,772.24M 2,422.18M 1,835.17M 1,845.54M 836.50M 716.70M 615.20M 526.20M
Total Liabilities & Equity 16,492.00M 15,341.00M 14,957.00M 13,046.00M 11,494.00M 13,670.00M 11,251.00M 10,102.00M 22,146.00M 21,965.00M 15,688.00M 14,553.00M 14,644.00M 13,709.00M 12,658.00M 9,790.00M 15,205.00M 14,559.00M 13,506.00M 16,656.00M 16,970.00M 15,678.00M 16,072.00M 24,849.00M 14,465.00M 6,141.00M 6,122.00M 5,497.72M 5,499.80M 4,644.27M 2,772.24M 2,502.18M 1,915.17M 1,845.54M 836.50M 716.70M 615.20M 526.20M
Tangible Assets 40,467.00M 38,712.00M 36,431.00M 32,714.00M 29,681.00M 31,309.00M 27,477.00M 25,354.00M 22,439.00M 5,171.00M 5,221.00M 19,459.00M 4,611.00M 4,472.00M 16,933.00M 17,539.00M 15,077.00M 14,425.00M 14,499.00M 16,624.00M 17,209.00M 15,989.00M 16,178.00M 16,650.00M 15,048.00M 2,256.00M 1,902.72M 1,546.88M 739.38M 666.76M 681.12M 565.65M 528.24M 4,578.32M 4,028.40M 3,436.00M 2,589.60M 2,552.00M
Tangible Equity 16,492.00M 15,341.00M 14,957.00M 13,046.00M 11,494.00M 13,670.00M 11,251.00M 10,102.00M 8,548.00M 7,695.00M 6,490.00M 7,074.00M 6,068.00M 5,604.00M 5,929.00M 5,179.00M 5,142.00M 4,879.00M 4,319.00M 5,948.00M 6,556.00M 5,761.00M 6,214.00M 6,422.00M 5,767.00M 6,141.00M 6,122.00M 5,497.72M 5,499.80M 4,586.27M 2,772.24M 2,422.18M 1,835.17M 1,845.54M 836.50M 716.70M 615.20M 526.20M
Tangible Book Value 16,492.00M 15,341.00M 14,957.00M 13,046.00M 11,494.00M 13,670.00M 11,251.00M 10,102.00M 8,548.00M 7,695.00M 6,490.00M 7,074.00M 6,068.00M 5,604.00M 5,929.00M 5,179.00M 5,142.00M 4,879.00M 4,319.00M 5,948.00M 6,556.00M 5,761.00M 6,214.00M 6,422.00M 5,767.00M 6,141.00M 6,122.00M 5,497.72M 5,499.80M 4,586.27M 2,772.24M 2,422.18M 1,835.17M 1,845.54M 836.50M 716.70M 615.20M 526.20M
Total Investments 31,099.00M 29,569.00M 28,378.00M 25,357.00M 22,425.00M 24,666.00M 21,542.00M 19,746.00M 16,609.00M 16,948.00M 15,419.00M 14,356.00M 14,318.00M 13,496.00M 12,466.00M 11,735.00M 39.00M 10,643.00M 8,890.00M 12,261.00M 13,759.00M 150.00M 12,639.00M 12,485.00M 11,189.00M 11,505.00M 11,247.28M 10,128.33M 10,267.05M 8,750.49M 6,301.99M 5,488.76M 4,173.36M 4,116.82M 0.00M 0.00M 0.00M 0.00M
Net Debt -645.00M -180.00M -168.00M -92.00M -425.00M -296.00M -58.00M 60.00M 36.00M 154.00M 30.00M 277.00M 244.00M 461.00M 444.00M 487.00M 454.00M 282.00M -169.00M 634.00M 638.00M 672.00M 485.00M 512.00M 491.00M 561.00M 559.00M 234.82M 412.91M 258.82M 282.01M 280.99M 160.86M 109.95M 147.00M 106.60M 72.70M 66.80M

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 1994-12-31 1993-12-31 1992-12-31 1991-12-31 1990-12-31 1989-12-31
Working Capital 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 784.0M 657.0M 777.0M 544.0M 591.0M 433.0M 487.0M -3,383.0M -7,782.0M -7,242.0M -7,303.0M -8,378.0M -8,077.0M -7,697.0M -8,761.0M -8,794.0M -71.0M 835.0M 758.0M 563.8M 281.6M -4,424.0M 271.8M -3,147.7M -2,507.6M 257.8M 0.0M 0.0M 0.0M 0.0M
Total Capital 16,289.0M 15,185.0M 14,810.0M 12,972.0M 11,453.0M 14,002.0M 11,688.0M 10,748.0M 8,699.0M 9,094.0M 7,906.0M 7,283.0M 7,444.0M 7,009.0M 6,421.0M 5,980.0M 5,871.0M 5,599.0M 5,022.0M 6,789.0M 7,648.0M 6,877.0M 7,040.0M 6,807.0M 6,201.0M 6,607.0M 6,614.2M 5,995.7M 6,092.5M 5,056.0M 3,504.8M 2,959.0M 2,149.2M 2,105.4M 1,860.8M 1,548.0M 1,079.6M 1,087.1M
Capital Employed 40,567.0M 38,842.0M 36,501.0M 32,769.0M 29,732.0M 31,387.0M 27,542.0M 25,408.0M 21,935.0M 21,843.0M 20,386.0M 18,888.0M 18,748.0M 17,662.0M 16,548.0M 11,814.0M 5,822.0M 5,550.0M 4,973.0M 6,720.0M 7,599.0M 6,877.0M 7,040.0M 6,624.0M 13,876.0M 13,914.0M 13,287.0M 11,807.7M 11,086.5M 4,775.4M 7,045.5M 2,738.3M 2,020.3M 4,602.3M 4,028.4M 3,436.0M 2,589.6M 2,552.0M
Invested Capital 14,829.0M 14,190.0M 13,827.0M 12,065.0M 10,189.0M 12,863.0M 10,788.0M 9,981.0M 7,915.0M 8,437.0M 7,129.0M 6,739.0M 6,853.0M 6,576.0M 5,934.0M 5,542.0M 5,486.0M 5,042.0M 4,013.0M 6,563.0M 7,446.0M 6,758.0M 6,734.0M 6,716.0M 6,089.0M 6,559.0M 6,554.2M 5,656.1M 6,033.8M 4,975.8M 3,444.9M 2,939.0M 2,100.9M 2,057.3M 1,860.8M 1,548.0M 1,079.6M 1,087.1M

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 1997-12-31 1996-12-31 1995-12-31 1994-12-31 1993-12-31 1992-12-31 1991-12-31 1990-12-31 1989-12-31
Net Income 2,122.00M 3,070.00M 2,292.00M 1,843.00M -487.00M 2,946.00M 1,216.00M 1,997.00M 287.00M 1,045.00M 591.00M 634.00M 525.00M 517.00M 421.00M 164.00M 377.00M 432.00M 429.00M 855.00M 930.00M 602.00M 584.00M 374.00M 238.00M 193.00M 118.37M 255.00M 241.57M 299.38M 223.76M 227.35M 201.23M 202.20M 171.30M 146.30M 129.00M 114.50M
Depreciation & Amortization 141.00M 139.00M 130.00M 112.00M 127.00M 93.00M 81.00M 72.00M 63.00M 55.00M 48.00M 52.00M 51.00M 50.00M 44.00M 42.00M 41.00M 38.00M 35.00M 36.00M 38.00M 33.00M 28.00M 30.00M 22.00M 25.00M 18.27M 16.02M 11.79M 11.33M 7.10M 9.64M 9.92M 10.47M 10.05M 6.00M 5.00M 6.30M
Deferred Income Tax 174.00M 420.00M 117.00M 223.00M -355.00M 477.00M 136.00M 343.00M -47.00M -444.00M 38.00M 16.00M 37.00M 19.00M 26.00M -18.00M 30.00M 71.00M -127.00M 12.00M -5.00M 33.00M 45.00M -10.00M -12.00M -34.00M 0.99M -9.68M -13.31M -11.86M -9.27M -8.17M -16.13M -20.15M -17.10M -16.50M -7.90M -14.70M
Stock-Based Compensation 80.00M 0.00M 0.00M 0.00M 36.00M 33.00M 31.00M 30.00M 28.00M 26.00M 23.00M 20.00M 19.00M 18.00M 16.00M 13.00M 11.00M 10.00M 15.00M 14.00M 17.00M 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 -132.00M 1,447.00M 1,433.00M 937.00M 1,231.00M 740.00M 838.00M 362.00M 395.00M 470.00M 479.00M 368.00M 327.00M 231.00M 129.00M 65.00M 183.00M 267.00M 239.00M 134.00M 288.00M 170.00M 233.00M 395.00M 305.00M 312.00M 177.28M 415.00M 98.83M 197.18M 137.50M 173.10M 160.61M 432.00M -14.40M -9.50M -23.90M 12.00M
Accounts Receivable -434.00M -228.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 77.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 80.00M 148.00M 43.00M 0.00M 0.00M 2.00M 0.00M 0.00M 0.00M -399.00M -107.30M -17.45M -13.24M -3.72M -3.01M -33.95M -6.60M 138.10M -11.60M -18.50M 2.90M -19.70M
Inventory 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 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 199.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 81.30M 0.00M 6.70M -11.70M 14.40M
Other Working Capital 302.00M 1,675.00M 1,433.00M 937.00M 1,231.00M 740.00M 838.00M 362.00M 395.00M 393.00M 479.00M 368.00M 327.00M 231.00M 129.00M 65.00M 103.00M 119.00M 196.00M 134.00M 288.00M -31.00M 233.00M 395.00M 305.00M 711.00M 284.58M 432.45M 112.08M 200.90M 140.51M 207.04M 167.22M 212.60M -2.80M 2.30M -15.10M 17.30M
Other Non-Cash Items 422.00M -2,492.00M -1,323.00M -1,063.00M 1,500.00M -2,308.00M -811.00M -1,596.00M 455.00M -100.00M -76.00M -26.00M -86.00M -39.00M 2.00M -19.00M -111.00M -293.00M -107.00M -346.00M -653.00M -33.00M -67.00M 27.00M 114.00M 44.00M 43.10M 20.67M -65.31M -69.06M -50.75M -12.41M -27.16M -261.33M 179.25M 202.40M 130.20M 129.00M
Net Cash from Operating Activities 2,807.00M 2,584.00M 2,649.00M 2,052.00M 2,052.00M 1,981.00M 1,491.00M 1,208.00M 1,181.00M 1,052.00M 1,103.00M 1,064.00M 873.00M 796.00M 638.00M 247.00M 531.00M 525.00M 484.00M 705.00M 615.00M 805.00M 823.00M 816.00M 667.00M 540.00M 358.00M 697.00M 273.58M 426.96M 308.34M 389.51M 328.48M 363.19M 329.10M 328.70M 232.40M 247.10M
Capital Expenditures (PPE) -4.00M -26.00M -22.00M -18.00M -15.00M -15.00M -20.00M -24.00M -20.00M -16.00M -13.00M -10.00M -9.00M -7.00M -6.00M -7.00M -17.00M -42.00M -36.00M -70.00M -52.00M -44.00M -33.00M -38.00M -27.00M -15.00M -43.72M -102.14M -47.75M -16.49M -18.56M -10.81M -11.36M -7.60M -12.10M -14.90M -4.10M -4.10M
Acquisitions (Net) 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -2,632.00M -4,952.00M -6,460.00M -2,917.00M -2,468.00M -2,701.00M -2,131.00M -2,196.00M -1,989.00M -2,251.00M -2,447.00M -2,214.00M -1,695.00M -1,641.00M -1,586.00M -1,424.00M -1,879.00M -2,940.00M -2,466.00M -2,453.00M -1,442.00M -1,516.00M -1,959.00M -1,479.00M -962.00M -826.00M -1,070.85M -677.87M -961.52M -1,042.73M -923.93M -986.72M -844.99M -931.00M -813.30M -655.00M -452.30M -431.40M
Sales / Maturities of Investments 1,115.00M 4,134.00M 4,801.00M 1,342.00M 1,543.00M 1,661.00M 1,606.00M 1,546.00M 1,566.00M 1,718.00M 1,991.00M 1,584.00M 1,380.00M 1,148.00M 1,287.00M 1,418.00M 1,365.00M 2,171.00M 4,009.00M 1,648.00M 1,297.00M 809.00M 1,420.00M 869.00M 461.00M 478.00M 599.14M 575.00M 689.00M 781.53M 724.32M 561.85M 541.93M 605.90M 486.80M 363.80M 259.10M 236.30M
Other Investing Activities -703.00M -15.00M -15.00M -15.00M 7.00M -2.00M -15.00M -5.00M -8.00M -9.00M 13.00M 16.00M 13.00M -9.00M 1.00M 5.00M 2.00M -4.00M 2.00M 13.00M -17.00M -20.00M -29.00M 6.00M -9.00M 4.00M 2.44M 0.01M -0.39M -4.85M -6.58M -8.24M -5.82M -0.65M 4.12M -1.10M -3.90M -8.50M
Net Cash from Investing Activities -2,224.00M -859.00M -1,696.00M -1,608.00M -933.00M -1,057.00M -560.00M -679.00M -451.00M -558.00M -456.00M -624.00M -311.00M -509.00M -304.00M -8.00M -529.00M -815.00M 1,509.00M -862.00M -214.00M -771.00M -601.00M -642.00M -537.00M -359.00M -513.00M -205.00M -320.66M -282.54M -224.75M -443.92M -320.24M -333.35M -334.48M -307.20M -201.20M -207.70M
Net Debt Issuance 0.00M 0.00M 0.00M -25.00M -4.00M 0.00M 15.00M 7.00M 8.00M 4.00M -15.00M -14.00M -55.00M 0.00M 0.00M 55.00M 0.00M 0.00M -780.00M 780.00M 49.00M 0.00M 188.00M 0.00M 0.00M 13.00M 52.00M 118.00M 139.04M 18.46M 41.09M 91.89M 51.05M 11.11M 40.58M 33.90M 6.50M 2.20M
Long-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -15.00M -14.00M -55.00M 0.00M 0.00M 55.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 367.00M 0.00M 0.00M 13.00M 52.00M 118.00M 139.04M 18.46M 41.09M 91.89M 51.05M 11.11M 40.58M 0.00M 6.50M 2.20M
Short-Term Debt Issuance 0.00M 0.00M 0.00M -25.00M -4.00M 0.00M 15.00M 7.00M 8.00M 4.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -20.00M 20.00M 49.00M 0.00M -183.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 80.00M 33.90M 0.00M 0.00M
Net Stock Issuance -5.00M -116.00M -126.00M -67.00M -410.00M -144.00M -261.00M -67.00M -125.00M -92.00M -18.00M -29.00M 1.00M -52.00M 0.00M -32.00M -10.00M 0.00M -139.00M -307.00M -120.00M -61.00M -59.00M -55.00M -42.00M -46.00M -67.00M -217.00M -24.30M -60.71M -8.96M -0.29M -0.46M 5.18M 0.64M 5.90M 5.40M 3.00M
Common Stock Issuance 0.00M 5.00M 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 11.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 7.10M 6.70M 6.00M 4.80M 5.40M
Common Stock Repurchased -5.00M -121.00M -126.00M -67.00M -410.00M -144.00M -261.00M -67.00M -125.00M -92.00M -39.00M -53.00M -21.00M -52.00M 0.00M -32.00M -10.00M 0.00M -139.00M -307.00M -120.00M -61.00M -59.00M -55.00M -42.00M -46.00M -67.00M -217.00M -24.30M -60.71M -8.96M -0.29M -0.46M 5.20M 0.60M -0.10M 0.60M -2.40M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 21.00M 24.00M 22.00M 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 -517.00M -481.00M -490.00M -454.00M -423.00M -395.00M -375.00M -355.00M -336.00M -400.00M -306.00M -366.00M -278.00M -263.00M -256.00M -255.00M -252.00M -249.00M -250.00M -240.00M -228.00M -204.00M -177.00M -156.00M -142.00M -132.00M -119.00M -110.00M -99.52M -88.41M -79.20M -69.54M -62.44M -55.10M -49.70M -43.60M -38.70M -33.40M
Common Dividends Paid -517.00M -481.00M -490.00M -454.00M -423.00M -395.00M -375.00M -355.00M -336.00M -400.00M -306.00M -366.00M -278.00M -263.00M -256.00M -255.00M -252.00M -249.00M -250.00M -240.00M -228.00M -204.00M -177.00M -156.00M -142.00M -132.00M -119.00M -109.70M -99.52M -88.41M -79.20M -69.54M -62.44M -55.10M -49.70M -43.60M -38.70M -33.40M
Preferred Dividends Paid 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 -0.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -353.00M -275.00M -261.00M -255.00M -157.00M -146.00M -177.00M -131.00M -150.00M -126.00M -75.00M -78.00M -72.00M -26.00M -29.00M 46.00M 88.00M 87.00M -41.00M -52.00M -19.00M 44.00M 41.00M 16.00M 118.00M 17.00M -2.00M -2.00M 10.31M 6.47M 3.40M 4.11M 3.75M 7.10M 6.74M 0.00M 0.00M 0.00M
Net Cash from Financing Activities -875.00M -872.00M -877.00M -801.00M -994.00M -685.00M -798.00M -546.00M -603.00M -614.00M -414.00M -487.00M -404.00M -341.00M -285.00M -186.00M -174.00M -162.00M -1,210.00M 181.00M -318.00M -221.00M -7.00M -195.00M -66.00M -148.00M -136.00M -211.00M 25.53M -124.19M -43.67M 26.17M -8.10M -31.71M -1.74M -3.80M -26.80M -28.20M
Effect of FX on Cash 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 0.00M 0.00M 5.40M -21.50M -31.20M -39.40M
Net Change in Cash -292.00M 853.00M 76.00M -357.00M 125.00M 239.00M 133.00M -17.00M 127.00M -120.00M 233.00M -47.00M 158.00M -54.00M 49.00M 53.00M -172.00M -452.00M 783.00M 24.00M 83.00M -187.00M 215.00M -21.00M 64.00M 33.00M -291.00M 281.00M -21.56M 20.24M 39.91M -28.24M 0.14M -1.87M -7.17M -3.80M -26.80M -28.20M
Cash at Beginning of Period 4,740.00M 3,196.00M 907.00M 1,264.00M 1,139.00M 900.00M 767.00M 784.00M 657.00M 777.00M 544.00M 591.00M 433.00M 487.00M 438.00M 385.00M 557.00M 1,009.00M 226.00M 202.00M 119.00M 306.00M 91.00M 112.00M 48.00M 60.00M 339.55M 58.61M 80.17M 59.93M 20.02M 48.25M 48.11M 50.00M 57.20M 39.50M 35.10M 23.90M
Cash at End of Period 4,448.00M 4,049.00M 983.00M 907.00M 1,264.00M 1,139.00M 900.00M 767.00M 784.00M 657.00M 777.00M 544.00M 591.00M 433.00M 487.00M 438.00M 385.00M 557.00M 1,009.00M 226.00M 202.00M 119.00M 306.00M 91.00M 112.00M 93.00M 60.25M 339.55M 58.61M 80.17M 59.93M 20.02M 48.25M 18.30M 55.50M 35.70M 8.30M -4.30M
Operating Cash Flow 2,807.00M 2,584.00M 2,649.00M 2,052.00M 2,052.00M 1,981.00M 1,491.00M 1,208.00M 1,181.00M 1,052.00M 1,103.00M 1,064.00M 873.00M 796.00M 638.00M 247.00M 531.00M 525.00M 484.00M 705.00M 615.00M 805.00M 823.00M 816.00M 667.00M 540.00M 356.60M 697.00M 273.58M 426.96M 308.34M 389.51M 328.48M 363.20M 329.10M 328.70M 232.40M 247.10M
Capital Expenditure -4.00M -26.00M -22.00M -18.00M -15.00M -15.00M -20.00M -24.00M -20.00M -16.00M -13.00M -10.00M -9.00M -7.00M -6.00M -7.00M -17.00M -42.00M -36.00M -70.00M -52.00M -44.00M -33.00M -38.00M -27.00M -15.00M -43.72M -102.14M -47.75M -16.49M -18.56M -10.81M -11.36M -7.60M -12.10M -14.90M -4.10M -4.10M
Free Cash Flow 2,803.00M 2,558.00M 2,627.00M 2,034.00M 2,037.00M 1,966.00M 1,471.00M 1,184.00M 1,161.00M 1,036.00M 1,090.00M 1,054.00M 864.00M 789.00M 632.00M 240.00M 514.00M 483.00M 448.00M 635.00M 563.00M 761.00M 790.00M 778.00M 640.00M 525.00M 312.87M 585.66M 225.83M 410.47M 289.78M 374.57M 314.46M 355.60M 317.00M 313.80M 228.30M 243.00M

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 1997-12-31 1996-12-31 1995-12-31 1994-12-31 1993-12-31 1992-12-31 1991-12-31 1990-12-31 1989-12-31
EBITDA 5,721.00M 6,683.00M 5,730.00M 4,851.00M 1,671.00M 5,835.00M 3,511.00M 4,358.00M 1,980.00M 2,397.00M 2,390.00M 2,386.00M 2,140.00M 2,076.00M 1,833.00M 1,321.00M 1,633.00M 1,679.00M 693.00M 2,328.00M 1,497.00M 979.00M 941.00M 626.00M 422.00M 374.00M 278.00M 439.00M 417.34M 484.79M 360.42M 368.39M 311.07M 322.71M 263.10M 873.60M 879.30M 811.60M
(-) Tax Adjustment 1,085.66M 1,380.13M 1,134.77M 922.88M 498.41M 1,151.85M 662.85M 837.40M 0.00M 0.00M 650.48M 668.95M 581.75M 572.79M 469.58M 68.72M 403.33M 432.73M 142.45M 658.17M 449.44M 262.89M 254.07M 138.24M 62.01M 47.38M 0.00M 91.34M 89.06M 116.95M 74.86M 84.66M 60.01M 0.00M 0.00M 152.34M 122.09M 113.94M
(-) Change In Working Capital -132.00M 1,447.00M 1,433.00M 937.00M 1,231.00M 740.00M 838.00M 362.00M 395.00M 470.00M 479.00M 368.00M 327.00M 231.00M 129.00M 65.00M 183.00M 267.00M 239.00M 134.00M 288.00M 170.00M 233.00M 395.00M 305.00M 312.00M 177.28M 415.00M 98.83M 197.18M 137.50M 173.10M 160.61M 432.00M -14.40M -9.50M -23.90M 12.00M
(-) Capital Expenditure -4.00M -26.00M -22.00M -18.00M -15.00M -15.00M -20.00M -24.00M -20.00M -16.00M -13.00M -10.00M -9.00M -7.00M -6.00M -7.00M -17.00M -42.00M -36.00M -70.00M -52.00M -44.00M -33.00M -38.00M -27.00M -15.00M -43.72M -102.14M -47.75M -16.49M -18.56M -10.81M -11.36M -7.60M -12.10M -14.90M -4.10M -4.10M
Unlevered Free Cash Flow 4,749.34M 3,829.87M 3,140.23M 2,973.12M -73.41M 3,928.15M 1,990.15M 3,134.60M 1,565.00M 1,911.00M 1,247.52M 1,339.05M 1,222.25M 1,265.21M 1,228.42M 1,180.28M 1,029.67M 937.27M 275.55M 1,465.83M 707.56M 502.11M 420.93M 54.76M 27.99M -0.38M 56.99M -169.49M 181.69M 154.18M 129.50M 99.83M 79.09M -116.89M 265.40M 715.86M 777.01M 681.56M
(-) Net Interest Income After Taxes 876.67M 730.01M 772.29M 670.48M 513.67M 537.74M 503.76M 479.86M 573.00M 562.00M -38.58M -38.14M -38.59M -39.10M -40.17M -51.19M -40.66M -40.82M -42.11M -37.30M -37.09M -37.30M -27.74M -26.49M -29.86M -34.06M -37.00M -26.13M -22.03M -15.80M -15.93M -13.27M -8.04M -7.39M -6.69M -5.45M -5.51M -5.67M
Net Debt Issuance 0.00M 0.00M 0.00M -25.00M -4.00M 0.00M 15.00M 7.00M 8.00M 4.00M -15.00M -14.00M -55.00M 0.00M 0.00M 55.00M 0.00M 0.00M -780.00M 780.00M 49.00M 0.00M 188.00M 0.00M 0.00M 13.00M 52.00M 118.00M 139.04M 18.46M 41.09M 91.89M 51.05M 11.11M 40.58M 33.90M 6.50M 2.20M
Levered Free Cash Flow 3,872.67M 3,099.86M 2,367.94M 2,277.64M -591.08M 3,390.41M 1,501.39M 2,661.74M 1,000.00M 1,353.00M 1,271.09M 1,363.19M 1,205.84M 1,304.31M 1,268.58M 1,286.47M 1,070.33M 978.09M -462.34M 2,283.13M 793.65M 539.41M 636.67M 81.25M 57.84M 46.67M 145.99M -25.35M 342.76M 188.44M 186.52M 204.99M 138.18M -98.39M 312.67M 755.21M 789.02M 689.43M