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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Taiwan Fire & Marine Insurance Co., Ltd.

Ticker: 2832.TW | Industry: Insurance - Property & Casualty | Sector: Financial Services
$49.20 -0.15 (-0.30%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Stock Price 39.59 27.73 23.41 20.16 20.71 19.56 20.49 20.54 19.78 19.63 22.09 23.16 22.70 21.23 23.30 24.96
Market Capitalization 12,121.58M 10,042.00M 8,480.01M 7,295.32M 7,448.68M 7,053.65M 7,452.14M 7,451.26M 7,155.88M 7,103.82M 7,998.97M 8,439.04M 8,271.81M 7,740.86M 8,476.91M 8,752.76M
(-) Cash & Equivalents 3,639.15M 3,665.11M 3,290.98M 3,180.80M 4,577.83M 3,410.14M 3,345.09M 3,597.42M 3,343.25M 3,058.49M 3,394.96M 2,764.34M 2,601.36M 3,959.74M 3,691.51M 1,074.37M
(+) Total Debt 44.64M 50.70M 67.62M 54.70M 63.27M 68.66M 75.93M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 15.78M 0.00M 0.00M
Enterprise Value 8,527.07M 6,427.58M 5,256.66M 4,169.22M 2,934.12M 3,712.17M 4,182.98M 3,853.85M 3,812.63M 4,045.33M 4,604.01M 5,674.70M 5,670.45M 3,796.90M 4,785.41M 7,678.39M

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
Revenue 7,086M 7,187M 7,275M 6,753M 6,097M 7,481M 5,371M 5,159M 4,951M 5,059M 4,570M 4,926M 4,133M 4,018M 3,849M 3,406M 3,472M 6,585M 8,079M 10,073M 5,993M
Cost of Revenue 863M 1,061M 0M 1,033M 941M 1,344M 860M 846M 808M 769M 744M 743M 701M 649M 643M 589M 541M 566M 455M 490M 481M
Gross Profit 6,223M 6,126M 7,275M 5,720M 5,156M 6,137M 4,511M 4,314M 4,143M 4,290M 3,825M 4,183M 3,432M 3,369M 3,206M 2,817M 2,931M 6,019M 7,624M 9,584M 5,512M
Gross Profit Margin 87.8% 85.2% 100.0% 84.7% 84.6% 82.0% 84.0% 83.6% 83.7% 84.8% 83.7% 84.9% 83.0% 83.8% 83.3% 82.7% 84.4% 91.4% 94.4% 95.1% 92.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 1,191M 1,540M 1,505M 1,454M 1,367M 1,280M 1,251M 1,237M 1,181M 1,194M 1,020M 1,015M 928M 873M 829M 812M 891M 953M 105M 92M 0M
Operating Expenses 3,790M 4,831M 5,896M 4,541M 4,305M 5,734M 3,738M 3,480M 3,470M 3,354M 3,231M 2,980M 2,651M 2,436M 2,432M 2,324M 2,497M 4,762M 7,347M 8,525M 4,806M
Operating Income (EBIT) 2,433M 1,295M 1,379M 1,178M 850M 403M 773M 834M 673M 936M 594M 1,203M 780M 933M 775M 493M 434M 1,256M 277M 1,058M 706M
Operating Income Margin 34.3% 18.0% 19.0% 17.4% 13.9% 5.4% 14.4% 16.2% 13.6% 18.5% 13.0% 24.4% 18.9% 23.2% 20.1% 14.5% 12.5% 19.1% 3.4% 10.5% 11.8%
Interest Income 220M 252M 266M 212M 140M 107M 120M 120M 107M 85M 74M 70M 59M 51M 52M 44M 44M 54M 100M 101M 78M
Interest Expense 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 41M 26M 70M 47M 0M
Net Interest Income 220M 252M 266M 212M 140M 107M 120M 120M 107M 85M 74M 70M 59M 51M 52M 44M 3M 28M 29M 54M 78M
Unusual Items -1,280M -252M -331M -212M -140M -107M -120M -120M -107M -85M -74M -70M -59M -51M -52M -44M -3M -343M -29M -54M -78M
EBT Excluding Unusual Items 2,654M 1,546M 1,645M 1,390M 990M 511M 893M 953M 780M 1,020M 668M 1,274M 840M 984M 826M 537M 437M 1,284M 306M 1,112M 784M
Pre-Tax Income 1,374M 1,295M 1,314M 1,178M 850M 403M 773M 834M 673M 936M 594M 1,203M 780M 933M 775M 493M 434M 941M 277M 1,058M 706M
Pre-Tax Margin 19.4% 18.0% 18.1% 17.4% 13.9% 5.4% 14.4% 16.2% 13.6% 18.5% 13.0% 24.4% 18.9% 23.2% 20.1% 14.5% 12.5% 14.3% 3.4% 10.5% 11.8%
Income Tax Expense 265M 179M 217M 200M 178M 30M 85M 131M 113M 84M 104M 111M 122M 113M 37M 60M 30M 132M 139M 73M 28M
Net Income 1,109M 1,116M 1,162M 978M 672M 373M 688M 703M 560M 852M 490M 1,092M 658M 821M 737M 701M 939M 809M 138M 985M 695M
Net Income Margin 15.6% 15.5% 16.0% 14.5% 11.0% 5.0% 12.8% 13.6% 11.3% 16.8% 10.7% 22.2% 15.9% 20.4% 19.2% 20.6% 27.0% 12.3% 1.7% 9.8% 11.6%
Depreciation & Amortization 45M 70M 68M 74M 66M 65M 62M 64M 30M 31M 32M 32M 25M 25M 26M 23M 19M 46M 44M 65M 26M
EBITDA 2,479M 1,365M 1,447M 1,252M 917M 468M 835M 897M 704M 967M 626M 1,235M 806M 959M 800M 516M 453M 1,302M 321M 1,124M 732M
EBITDA Margin 35.0% 19.0% 19.9% 18.5% 15.0% 6.3% 15.5% 17.4% 14.2% 19.1% 13.7% 25.1% 19.5% 23.9% 20.8% 15.2% 13.1% 19.8% 4.0% 11.2% 12.2%
NOPAT 1,964M 1,116M 1,152M 978M 672M 373M 688M 703M 560M 852M 490M 1,092M 658M 821M 737M 433M 404M 1,080M 138M 985M 679M
NOPAT Margin 27.7% 15.5% 15.8% 14.5% 11.0% 5.0% 12.8% 13.6% 11.3% 16.8% 10.7% 22.2% 15.9% 20.4% 19.2% 12.7% 11.6% 16.4% 1.7% 9.8% 11.3%
Owner's Earnings -876M 1,177M 1,217M 1,038M 710M 411M 730M 754M 579M 860M 512M 1,098M 664M 841M 760M 716M 955M 849M 172M 1,045M 715M
Owner's Earnings Margin -12.4% 16.4% 16.7% 15.4% 11.6% 5.5% 13.6% 14.6% 11.7% 17.0% 11.2% 22.3% 16.1% 20.9% 19.7% 21.0% 27.5% 12.9% 2.1% 10.4% 11.9%
EPS (Basic) 3.60 3.08 3.21 2.70 1.86 1.03 1.90 1.94 1.55 2.35 1.35 3.01 1.81 2.26 2.03 1.93 2.72 2.38 0.38 2.72 1.93
EPS (Diluted) 3.35 3.08 3.20 2.69 1.85 1.03 1.89 1.93 1.54 2.34 1.35 2.99 1.80 2.25 2.02 1.92 2.71 2.37 0.38 2.73 1.93
Shares (Basic) 331M 362M 362M 362M 362M 362M 362M 362M 362M 362M 362M 363M 364M 364M 364M 364M 345M 341M 361M 361M 361M
Shares (Diluted) 331M 362M 364M 364M 363M 363M 363M 363M 363M 364M 363M 365M 365M 365M 365M 365M 346M 342M 361M 361M 361M

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
Cash & Cash Equivalents 2,803.98M 4,584.54M 3,778.44M 3,141.32M 3,074.61M 4,178.34M 3,684.53M 3,415.29M 3,237.54M 3,338.63M 3,080.89M 2,809.87M 2,543.15M 2,712.88M 3,675.11M 3,419.21M 4,297.47M 2,884.78M 3,091.17M 3,580.37M 3,154.85M
Short-Term Investments -2,803.98M 4,328.05M 4,623.60M 5,475.33M 5,183.15M 5,462.28M 4,658.78M 4,389.41M 3,428.98M 3,620.25M 3,066.27M 2,823.46M 0.00M 2,474.61M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 0.00M 8,912.59M 8,402.04M 8,616.65M 8,257.76M 9,640.62M 8,343.31M 7,804.71M 6,666.52M 6,958.88M 6,147.16M 5,633.32M 2,543.15M 5,187.49M 3,675.11M 3,419.21M 4,297.47M 2,884.78M 3,091.17M 3,580.37M 3,154.85M
Net Receivables 0.00M 1,489.39M 974.87M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 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 0.00M -10,401.99M 8,319.81M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 17,696.72M 8,616.65M 8,257.76M 9,640.62M 8,343.31M 7,804.71M 6,666.52M 6,958.88M 6,147.16M 5,633.32M 2,543.15M 5,187.49M 3,675.11M 3,419.21M 4,297.47M 2,884.78M 3,091.17M 3,580.37M 3,154.85M
Property, Plant & Equipment 2,448.92M 428.02M 396.65M 419.65M 415.33M 511.55M 402.16M 394.52M 376.49M 379.72M 371.61M 365.23M 356.22M 371.03M 402.41M 407.81M 477.91M 385.77M 388.39M 494.41M 419.72M
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
Intangible Assets 7.34M 7.37M 10.59M 12.48M 14.86M 12.07M 9.96M 4.71M 2.66M 4.72M 3.40M 5.70M 3.49M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 13,858.31M 14,115.57M 13,181.16M 11,400.31M 10,289.46M 9,809.46M 9,327.25M 8,675.01M 8,286.77M 8,119.96M 7,961.95M 6,388.59M 5,775.43M 3,618.76M 3,418.18M 7,930.59M 8,012.70M 2,057.84M 4,406.73M 4,536.56M
Tax Assets 20.21M 22.91M 16.85M 20.81M 19.77M 42.78M 36.70M 29.32M 30.29M 22.56M 18.78M 17.54M 9.07M 17.48M 20.50M 26.80M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets -2,476.47M 11,980.70M 993.27M 6,461.39M -11,850.27M -10,855.87M -10,258.27M -9,755.81M -9,084.45M -8,693.78M -8,513.75M -8,350.42M -6,757.37M -6,163.95M -4,041.67M -3,852.79M -8,408.49M -8,398.47M -2,446.23M -4,901.13M -4,956.28M
Other Assets 23,023.03M 0.00M 13,915.70M -5,901.92M 783.16M 146.49M 979.06M 1,326.40M 2,227.51M 2,318.96M 2,988.70M 3,113.99M 7,563.19M 5,238.44M 8,290.81M 7,885.37M 5,573.00M 5,364.30M 9,323.96M 8,194.36M 3,876.77M
Total Non-Current Assets 23,023.03M 26,297.31M 29,448.63M 14,193.57M 783.16M 146.49M 979.06M 1,326.40M 2,227.51M 2,318.96M 2,988.70M 3,113.99M 7,563.19M 5,238.44M 8,290.81M 7,885.37M 5,573.00M 5,364.30M 9,323.96M 8,194.36M 3,876.77M
Total Assets 23,023.03M 26,297.31M 47,145.34M 22,810.22M 9,040.92M 9,787.11M 9,322.37M 9,131.11M 8,894.03M 9,277.84M 9,135.86M 8,747.31M 10,106.34M 10,425.92M 11,965.92M 11,304.58M 9,870.47M 8,249.08M 12,415.13M 11,774.73M 7,031.62M
Accounts Payable 0.00M 830.15M 527.19M 428.59M 442.45M 385.25M 369.00M 394.84M 384.78M 316.78M 426.11M 334.59M 297.89M 480.06M 363.25M 414.56M 579.23M 493.13M 137.18M 254.75M 20.70M
Short-Term Debt 25.54M 0.00M 23.35M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 369.00M 0.00M 2,126.00M 0.00M
Tax Payables 0.00M 169.24M 86.09M 190.04M 133.53M 31.15M 38.82M 64.96M 70.53M 40.13M 44.40M 59.54M 49.84M 64.84M 31.77M 142.04M 28.43M 68.87M 128.10M 64.23M 0.16M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 419.29M 0.00M 0.00M 0.00M 0.00M 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 -25.54M -2,490.56M 3,716.42M 2,694.58M -1,187.89M -933.75M -1,033.20M -1,049.65M -993.71M -907.54M -910.00M -894.70M -811.42M -829.24M -786.26M -930.91M -713.35M -931.00M -474.44M -2,696.95M -145.33M
Total Current Liabilities 0.00M -1,491.18M 4,353.05M 3,313.21M -192.62M -517.36M -625.38M -589.85M -538.41M -550.63M -439.49M -500.58M -463.70M -284.34M -391.25M -374.32M -105.68M 0.00M -209.16M -251.96M -124.47M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 698.91M 0.00M 0.00M
Capital Lease Obligations 0.00M 39.79M 44.60M 63.69M 51.67M 61.74M 71.50M 66.65M 0.00M 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 264.15M 264.15M 289.26M 275.11M 276.69M 264.15M 266.67M 274.09M 274.09M 274.09M 274.09M 279.65M 281.48M 278.85M 277.98M 277.98M 277.98M 277.98M 0.00M 0.00M 0.00M
Other Non-Current Liabilities -288.91M 14,251.94M 12,637.79M 5,265.23M -305.19M -61.74M -71.50M -340.74M -274.09M -274.09M -274.09M -279.65M -281.48M -278.85M -653.38M -277.98M -277.98M -277.98M -698.91M 0.00M 0.00M
Total Non-Current Liabilities -24.76M 14,555.88M 12,971.64M 5,604.03M 23.16M 264.15M 266.67M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -375.39M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Liabilities -24.76M 13,064.71M 17,324.70M 8,917.24M -169.46M -253.21M -358.71M -589.85M -538.41M -550.63M -439.49M -500.58M -463.70M -284.34M -766.64M -374.32M -105.68M 0.00M -209.16M -251.96M -124.47M
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 9.98M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 2,535.40M 3,622.00M 3,622.00M 3,622.00M 3,622.00M 3,622.00M 3,622.00M 3,622.00M 3,622.00M 3,622.00M 3,622.00M 3,622.00M 3,638.16M 3,638.16M 3,638.16M 3,638.16M 3,638.16M 3,168.57M 3,168.57M 3,168.57M 3,168.57M
Retained Earnings 1,608.46M 1,066.44M 1,425.40M 1,025.42M 788.42M 556.23M 797.59M 756.03M 698.23M 818.05M 598.65M 922.67M 3,491.76M 610.93M 548.93M 563.02M 939.34M 925.51M 826.27M 1,571.85M 1,215.13M
Accumulated OCI 7,286.40M 0.00M 7,125.68M 6,443.37M 5,436.33M 5,904.09M 5,061.97M 4,610.88M 3,999.86M 3,976.91M 3,532.27M 3,072.16M -9.98M 5.07M 0.00M 0.00M 0.00M 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
Total Shareholders’ Equity 11,430.27M 4,688.44M 12,173.08M 11,090.79M 9,846.76M 10,082.33M 9,481.57M 8,988.91M 8,320.10M 8,416.96M 7,752.93M 7,616.83M 7,129.92M 4,254.16M 4,187.10M 4,201.18M 4,577.50M 4,094.08M 3,994.84M 4,740.42M 4,383.70M
Total Equity 11,430.27M 4,688.44M 12,173.08M 11,090.79M 9,846.76M 10,082.33M 9,481.57M 8,988.91M 8,320.10M 8,416.96M 7,752.93M 7,616.83M 7,129.92M 4,254.16M 4,187.10M 4,201.18M 4,577.50M 4,094.08M 3,994.84M 4,740.42M 4,383.70M
Total Liabilities & Equity 11,405.51M 17,753.14M 29,497.78M 20,008.03M 9,677.30M 9,829.12M 9,122.86M 8,399.07M 7,781.69M 7,866.33M 7,313.44M 7,116.25M 6,666.23M 3,969.82M 3,420.46M 3,826.86M 4,471.82M 4,094.08M 3,785.69M 4,488.47M 4,259.23M
Tangible Assets 23,015.69M 26,289.94M 47,134.76M 22,797.74M 9,026.06M 9,775.03M 9,312.41M 9,126.40M 8,891.37M 9,273.13M 9,132.46M 8,741.60M 10,102.85M 10,425.92M 11,965.92M 11,304.58M 9,870.47M 8,249.08M 12,415.13M 11,774.73M 7,031.62M
Tangible Equity 11,422.93M 4,681.07M 12,162.50M 11,078.32M 9,831.89M 10,070.26M 9,471.61M 8,984.20M 8,317.43M 8,412.24M 7,749.53M 7,611.13M 7,126.43M 4,254.16M 4,187.10M 4,201.18M 4,577.50M 4,094.08M 3,994.84M 4,740.42M 4,383.70M
Tangible Book Value 11,422.93M 4,681.07M 12,162.50M 11,078.32M 9,831.89M 10,070.26M 9,471.61M 8,984.20M 8,317.43M 8,412.24M 7,749.53M 7,611.13M 7,126.43M 4,254.16M 4,187.10M 4,201.18M 4,577.50M 4,094.08M 3,994.84M 4,740.42M 4,383.70M
Total Investments 0.00M 18,186.36M 18,739.17M 18,656.49M 16,583.46M 15,751.75M 14,468.23M 13,716.67M 12,104.00M 11,907.02M 11,186.23M 10,785.41M 6,388.59M 8,250.04M 3,618.76M 3,418.18M 7,930.59M 8,012.70M 2,057.84M 4,406.73M 4,536.56M
Net Debt -2,778.44M -4,584.54M -3,755.09M -3,141.32M -3,074.61M -4,178.34M -3,684.53M -3,415.29M -3,237.54M -3,338.63M -3,080.89M -2,809.87M -2,543.15M -2,712.88M -3,675.11M -3,419.21M -4,297.47M -2,515.78M -2,392.26M -1,454.37M -3,154.85M

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
Working Capital 0.0M 0.0M 13,429.8M 4,589.5M 7,815.3M 9,255.4M 7,974.3M 7,409.9M 6,281.7M 6,642.1M 5,721.0M 5,298.7M 2,071.4M 4,855.7M 3,167.3M 2,860.6M 3,718.2M 2,022.7M 2,954.0M 1,453.6M 3,134.1M
Total Capital 11,579.5M 12,085.2M 12,316.6M 11,253.4M 9,997.4M 10,243.0M 9,652.0M 9,154.5M 8,419.1M 8,515.9M 7,851.9M 7,715.8M 7,237.7M 7,001.9M 6,184.6M 5,751.6M 6,522.3M 5,349.8M 3,986.4M 7,693.6M 5,491.2M
Capital Employed 23,023.0M 26,297.3M 20,642.9M 18,783.1M 20,448.7M 20,257.7M 19,211.6M 18,492.1M 17,593.7M 17,654.8M 17,223.5M 16,763.1M 16,392.0M 16,258.1M 15,499.7M 14,598.8M 17,699.7M 15,785.4M 14,724.2M 14,549.1M 11,967.2M
Invested Capital 8,775.5M 7,500.6M 8,538.2M 8,112.1M 6,922.8M 6,064.7M 5,967.5M 5,739.2M 5,181.5M 5,177.3M 4,771.0M 4,905.9M 4,694.5M 4,289.0M 2,509.5M 2,332.4M 2,224.9M 2,465.0M 895.2M 4,113.2M 2,336.4M

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
Net Income 1,307.54M 1,130.00M 1,379.23M 1,178.25M 850.42M 403.44M 772.94M 833.65M 673.41M 935.54M 594.13M 1,203.30M 780.21M 933.39M 738.64M 700.63M 938.80M 809.41M 138.42M 985.11M 695.04M
Depreciation & Amortization 45.45M 56.02M 68.07M 73.88M 66.13M 64.51M 62.08M 63.62M 30.18M 31.48M 31.99M 32.12M 25.22M 25.18M 27.06M 23.33M 19.81M 45.90M 44.45M 65.42M 25.85M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -555.67M 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 116.89M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 473.39M -133.30M -332.04M -1,026.66M -1,817.40M 119.91M -368.97M -119.94M -360.82M 106.85M 127.32M -1,500.64M -273.96M 289.10M 336.48M -856.34M 1,134.43M 263.48M 343.01M -307.29M -361.88M
Accounts Receivable -259.59M -73.52M 11.71M 59.05M -27.66M -37.06M -87.30M 74.83M 29.10M -61.44M 83.46M 217.34M -79.57M 84.26M -49.03M 0.00M 0.00M 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
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
Other Working Capital 732.98M -1,157.24M -343.75M -1,085.71M -1,789.74M 156.98M -281.67M -194.77M -261.06M -1,283.65M -18.76M -368.45M -275.41M 123.24M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items 325.55M 100.86M 24.36M 451.85M 128.49M 322.95M 68.90M -192.54M -36.72M -262.30M -64.77M -447.89M -171.57M -275.85M -151.41M -145.36M -18.49M -695.23M 305.70M -520.44M 112.92M
Net Cash from Operating Activities 2,151.93M 1,290.09M 1,139.61M 677.33M -772.36M 910.82M 534.95M 584.78M 306.06M 811.57M 688.67M -713.11M 359.90M 971.82M 950.77M -277.73M 1,635.77M 423.56M 831.58M 222.80M 471.93M
Capital Expenditures (PPE) -2,029.29M -9.45M -13.81M -6.57M -28.59M -27.07M -19.20M -13.21M -11.11M -22.78M -10.41M -26.57M -19.63M -4.55M -3.08M -8.25M -3.28M -6.56M -11.09M -5.67M -5.56M
Acquisitions (Net) 0.00M 1.41M 1.41M -191.34M 1.18M -19.60M -139.92M 0.00M 0.00M 120.81M -100.00M 2,028.70M -18.93M -19.80M -10.06M 1,574.02M -141.52M -25.25M -346.41M -4,186.73M 1,243.60M
Purchases of Investments -1.81M -3.97M -4.55M 0.00M -2.90M -1.70M -0.42M -1.35M -0.10M -200.00M -30.00M -139.50M -98.00M -313.27M -337.95M -695.22M -419.42M -623.94M -778.63M -519.27M -934.98M
Sales / Maturities of Investments 0.00M 23.80M 23.80M 0.00M 24.75M 21.30M 140.34M 0.00M 0.00M 19.64M 48.49M 42.17M 18.02M 374.40M 88.70M 566.26M 548.94M 447.78M 2,628.73M 1,102.62M 186.14M
Other Investing Activities 27.16M -3.70M -1.19M -18.38M -36.24M 45.32M 149.24M -27.88M 1.22M -142.54M 158.97M -565.86M -9.52M -3.68M -10.33M -1,318.65M 0.44M 33.20M -138.38M 47.59M -6.88M
Net Cash from Investing Activities -2,005.97M 8.10M 5.66M -216.28M -28.01M 18.24M 130.04M -42.45M -9.89M -224.88M 67.05M 1,338.95M -128.06M 33.09M -272.73M 118.16M -14.84M -174.77M 1,354.22M -3,561.45M 482.33M
Net Debt Issuance -13.76M 0.00M -33.07M 0.00M -33.24M -33.77M -33.19M -34.86M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2.26M -369.00M -329.30M -1,427.70M 2,126.00M 0.00M
Long-Term Debt Issuance -13.76M 0.00M -33.07M 0.00M -33.24M -33.77M -33.19M -34.86M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2.26M 0.00M 0.00M 0.00M 2,126.00M 0.00M
Short-Term Debt 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 -369.00M -329.30M -1,427.70M 2,126.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -34.92M 0.00M 0.00M 0.00M 0.00M 404.10M -30.33M -374.86M 88.35M 0.00M
Common 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 404.10M 0.00M -374.86M 88.35M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -34.92M 0.00M 0.00M 0.00M 0.00M 0.00M -30.33M 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
Net Dividends Paid -724.40M -470.86M -470.86M -362.20M -271.65M -398.42M -362.20M -325.98M -398.42M -325.98M -434.64M -327.44M -400.20M -400.20M -422.03M -727.63M -293.50M 0.00M -849.18M -606.17M -419.66M
Common Dividends Paid -724.40M -470.86M -470.86M -362.20M -271.65M -398.42M -362.20M -325.98M -398.42M -325.98M -434.64M -327.44M -400.20M -400.20M -422.03M -727.63M -293.50M 0.00M -849.18M -606.17M -419.66M
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
Other Financing Activities -16.39M -36.98M -4.22M -32.13M -31.71M -3.06M -0.36M -3.75M 1.17M -2.97M -50.05M 3.23M -1.37M 0.57M -0.11M 11.21M 50.15M -95.55M -23.27M 2,155.99M -14.23M
Net Cash from Financing Activities -754.55M -507.84M -508.15M -394.33M -303.36M -435.25M -395.75M -364.59M -397.26M -328.95M -484.69M -359.13M -401.57M -399.63M -422.14M -718.68M -208.25M -455.18M -2,675.00M 3,764.17M -433.89M
Effect of FX on Cash -8.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Change in Cash -617.10M 226.40M 637.12M 66.71M -1,103.73M 493.81M 269.24M 177.75M -101.09M 257.74M 271.03M 266.71M -169.73M 605.29M 255.90M -878.26M 1,412.69M -206.39M -489.20M 425.52M 520.38M
Cash at Beginning of Period 15,312.99M 13,796.93M 3,141.32M 3,074.61M 4,178.34M 3,684.53M 3,415.29M 3,237.54M 3,338.63M 3,080.89M 2,809.87M 2,543.15M 2,712.88M 2,107.60M 3,419.21M 4,297.47M 2,884.78M 3,091.17M 3,580.37M 3,154.85M 2,634.47M
Cash at End of Period 14,695.90M 14,023.33M 3,778.44M 3,141.32M 3,074.61M 4,178.34M 3,684.53M 3,415.29M 3,237.54M 3,338.63M 3,080.89M 2,809.87M 2,543.15M 2,712.88M 3,675.11M 3,419.21M 4,297.47M 2,884.78M 3,091.17M 3,580.37M 3,154.85M
Operating Cash Flow 2,151.93M 1,290.09M 1,139.61M 677.33M -772.36M 910.82M 534.95M 584.78M 306.06M 811.57M 688.67M -713.11M 359.90M 971.82M 950.77M -277.73M 1,635.77M 423.56M 831.58M 222.80M 471.93M
Capital Expenditure -2,029.93M -9.45M -13.81M -13.82M -28.59M -27.07M -19.20M -13.21M -11.11M -22.78M -10.41M -26.57M -19.63M -4.55M -3.08M -8.25M -3.28M -6.56M -11.09M -5.67M -5.56M
Free Cash Flow 121.99M 1,280.64M 1,125.81M 663.50M -810.73M 883.74M 515.75M 571.57M 294.94M 788.78M 678.26M -739.68M 340.27M 967.28M 947.69M -285.99M 1,632.50M 417.00M 820.49M 217.13M 466.37M

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
EBITDA 5,077.48M 4,656.34M 5,838.49M 4,339.10M 3,855.34M 4,921.65M 3,321.85M 3,140.02M 2,992.42M 3,127.07M 2,837.32M 3,199.86M 2,529.18M 2,521.75M 2,403.50M 2,028.32M 2,059.10M 5,111.37M 7,563.67M 9,557.23M 5,537.85M
(-) Tax Adjustment 979.79M 643.90M 963.76M 736.47M 809.05M 368.82M 366.78M 491.63M 502.61M 280.24M 496.65M 295.95M 395.94M 304.09M 115.46M 246.12M 143.90M 714.94M 2,647.28M 659.29M 215.81M
(-) Change In Working Capital 473.39M -133.30M -332.04M -1,026.66M -1,817.40M 119.91M -368.97M -119.94M -360.82M 106.85M 127.32M -1,500.64M -273.96M 289.10M 336.48M -856.34M 1,134.43M 263.48M 343.01M -307.29M -361.88M
(-) Capital Expenditure -2,029.93M -9.45M -13.81M -13.82M -28.59M -27.07M -19.20M -13.21M -11.11M -22.78M -10.41M -26.57M -19.63M -4.55M -3.08M -8.25M -3.28M -6.56M -11.09M -5.67M -5.56M
Unlevered Free Cash Flow 1,594.37M 4,136.29M 5,192.96M 4,615.46M 4,835.11M 4,405.85M 3,304.84M 2,755.12M 2,839.51M 2,717.19M 2,202.93M 4,377.99M 2,387.57M 1,924.02M 1,948.48M 2,630.29M 777.49M 4,126.38M 4,562.29M 9,199.57M 5,678.35M
(-) Net Interest Income After Taxes 177.69M 216.94M 222.25M 175.72M 110.58M 99.44M 106.48M 101.01M 88.98M 77.11M 60.82M 63.94M 50.05M 44.64M 49.10M 39.01M 2.70M 24.04M 19.14M 50.61M 74.71M
Net Debt Issuance -13.76M 0.00M -33.07M 0.00M -33.24M -33.77M -33.19M -34.86M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2.26M -369.00M -329.30M -1,427.70M 2,126.00M 0.00M
Levered Free Cash Flow 1,402.92M 3,919.35M 4,937.64M 4,439.74M 4,691.28M 4,272.63M 3,165.17M 2,619.25M 2,750.54M 2,640.08M 2,142.12M 4,314.05M 2,337.52M 1,879.38M 1,899.38M 2,589.02M 405.79M 3,773.04M 3,115.44M 11,274.96M 5,603.64M