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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Densan Co., Ltd.

Ticker: 3640.T | Industry: Semiconductors | Sector: Technology
$3,195.00 +10.00 (0.31%)
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 2,096.00 1,462.75 1,619.75 1,960.25 2,450.75 2,269.25 2,067.25 2,204.00 2,324.75 2,104.50 2,272.50 2,150.25 1,894.00 1,076.88 820.94 788.75
Market Capitalization 12,196.03M 8,483.73M 8,277.34M 9,822.25M 12,338.54M 12,655.67M 11,500.32M 12,233.30M 12,850.81M 11,569.09M 12,424.56M 12,045.24M 10,984.82M 6,250.88M 4,750.96M 4,269.47M
(-) Cash & Equivalents 3,370.18M 2,347.94M 2,188.36M 1,473.20M 1,663.25M 719.80M 807.78M 1,128.12M 1,762.22M 1,366.48M 2,164.44M 2,013.70M 2,554.13M 1,959.91M 2,760.88M 2,581.49M
(+) Total Debt 3,029.58M 3,426.32M 4,560.84M 5,605.01M 6,467.25M 5,156.09M 5,671.18M 5,521.15M 5,199.59M 3,944.50M 4,319.58M 4,537.79M 4,691.96M 1,979.03M 1,391.65M 1,547.20M
Enterprise Value 11,855.42M 9,562.12M 10,649.82M 13,954.06M 17,142.53M 17,091.96M 16,363.71M 16,626.32M 16,288.18M 14,147.11M 14,579.69M 14,569.34M 13,122.65M 6,270.00M 3,381.73M 3,235.17M

Income Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31
Revenue 19,393M 15,919M 18,741M 15,975M 17,805M 17,306M 16,098M 14,870M 14,088M 13,598M 14,800M 14,227M 12,942M 12,581M 13,824M 13,804M 13,419M 13,278M 15,074M
Cost of Revenue 13,100M 10,358M 12,251M 10,444M 11,296M 12,615M 11,477M 11,042M 10,926M 8,977M 9,620M 8,644M 7,953M 8,957M 9,733M 9,247M 8,994M 9,143M 11,028M
Gross Profit 6,293M 5,560M 6,490M 5,530M 6,509M 4,691M 4,622M 3,828M 3,162M 4,620M 5,179M 5,583M 4,989M 3,624M 4,091M 4,557M 4,424M 4,135M 4,046M
Gross Profit Margin 32.5% 34.9% 34.6% 34.6% 36.6% 27.1% 28.7% 25.7% 22.4% 34.0% 35.0% 39.2% 38.5% 28.8% 29.6% 33.0% 33.0% 31.1% 26.8%
R&D Expenses 733M 881M 0M 1,178M 794M 185M 16M 23M 160M 358M 1,559M 2,028M 1,420M 869M 448M 230M 229M 232M 239M
SG&A Expenses 3,798M 3,361M 3,973M 3,061M 3,211M 3,260M 3,466M 3,526M 3,542M 3,075M 214M 216M 221M 206M 504M 330M 340M 312M 277M
Operating Expenses 3,798M 4,243M 3,973M 4,239M 4,005M 3,445M 3,467M 3,527M 3,543M 3,571M 3,039M 3,487M 2,993M 2,418M 2,820M 2,501M 2,473M 2,301M 2,154M
Operating Income (EBIT) 2,495M 1,317M 2,518M 1,291M 2,503M 1,246M 1,155M 301M -380M 1,049M 2,140M 2,095M 1,996M 1,206M 1,271M 2,056M 1,951M 1,834M 1,892M
Operating Income Margin 12.9% 8.3% 13.4% 8.1% 14.1% 7.2% 7.2% 2.0% -2.7% 7.7% 14.5% 14.7% 15.4% 9.6% 9.2% 14.9% 14.5% 13.8% 12.6%
Interest Income 2M 0M 2M 0M 0M 0M 0M 0M 0M 0M 0M 1M 1M 1M 1M 1M 2M 3M 10M
Interest Expense 19M 15M 18M 15M 20M 22M 18M 18M 19M 19M 16M 20M 22M 23M 10M 6M 8M 25M 55M
Net Interest Income -17M -15M -16M -15M -20M -22M -18M -18M -19M -19M -16M -19M -22M -23M -9M -5M -7M -22M -45M
Unusual Items 22M -45M 22M -44M -274M 14M -164M 23M -953M 7M -1,530M -782M -1,593M -1,632M -596M -560M -768M -567M -569M
EBT Excluding Unusual Items 2,478M 1,303M 2,501M 1,276M 2,484M 1,223M 1,137M 283M -400M 1,030M 2,124M 2,076M 1,974M 1,184M 1,262M 2,051M 1,945M 1,812M 1,847M
Pre-Tax Income 2,500M 1,258M 2,523M 1,232M 2,210M 1,238M 973M 306M -1,353M 1,037M 594M 1,294M 381M -449M 666M 1,491M 1,177M 1,245M 1,278M
Pre-Tax Margin 12.9% 7.9% 13.5% 7.7% 12.4% 7.2% 6.0% 2.1% -9.6% 7.6% 4.0% 9.1% 2.9% -3.6% 4.8% 10.8% 8.8% 9.4% 8.5%
Income Tax Expense 681M 333M 681M 333M 598M 378M 374M 44M -291M 293M 174M 324M 209M -24M 222M 652M 467M 511M 511M
Net Income 1,819M 925M 1,842M 899M 1,612M 859M 599M 261M -1,062M 745M 420M 970M 172M -424M 444M 839M 710M 734M 767M
Net Income Margin 9.4% 5.8% 9.8% 5.6% 9.1% 5.0% 3.7% 1.8% -7.5% 5.5% 2.8% 6.8% 1.3% -3.4% 3.2% 6.1% 5.3% 5.5% 5.1%
Depreciation & Amortization 1,115M 796M 919M 788M 826M 818M 838M 866M 739M 552M 532M 605M 590M 682M 464M 473M 635M 526M 535M
EBITDA 3,610M 2,114M 3,436M 2,079M 3,330M 2,063M 1,992M 1,167M 359M 1,601M 2,672M 2,701M 2,586M 1,888M 1,735M 2,529M 2,586M 2,360M 2,428M
EBITDA Margin 18.6% 13.3% 18.3% 13.0% 18.7% 11.9% 12.4% 7.8% 2.5% 11.8% 18.1% 19.0% 20.0% 15.0% 12.6% 18.3% 19.3% 17.8% 16.1%
NOPAT 1,815M 969M 1,838M 942M 1,826M 865M 711M 257M -300M 753M 1,512M 1,570M 901M 953M 847M 1,157M 1,177M 1,081M 1,136M
NOPAT Margin 9.4% 6.1% 9.8% 5.9% 10.3% 5.0% 4.4% 1.7% -2.1% 5.5% 10.2% 11.0% 7.0% 7.6% 6.1% 8.4% 8.8% 8.1% 7.5%
Owner's Earnings 2,934M 1,721M 2,589M 521M 2,030M 1,274M 830M 663M -733M -550M -1,190M 529M 406M -612M -1,915M -370M 765M 522M 1,207M
Owner's Earnings Margin 15.1% 10.8% 13.8% 3.3% 11.4% 7.4% 5.2% 4.5% -5.2% -4.0% -8.0% 3.7% 3.1% -4.9% -13.9% -2.7% 5.7% 3.9% 8.0%
EPS (Basic) 313.09 159.05 317.42 169.16 321.47 171.75 109.62 46.95 -191.31 134.51 76.22 177.12 31.03 -73.51 76.41 144.93 126.45 145.96 152.60
EPS (Diluted) 312.81 167.84 317.09 169.07 320.95 171.44 109.44 46.87 -191.31 134.15 76.08 177.14 31.03 -73.51 76.42 144.93 126.46 146.05 152.70
Shares (Basic) 6M 6M 6M 5M 5M 5M 5M 6M 6M 6M 6M 5M 6M 6M 6M 6M 6M 5M 5M
Shares (Diluted) 6M 6M 6M 5M 5M 5M 5M 6M 6M 6M 6M 5M 6M 6M 6M 6M 6M 5M 5M

Balance Sheet

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31
Cash & Cash Equivalents 4,189.20M 2,551.17M 2,551.17M 1,053.64M 1,333.93M 1,505.00M 678.38M 706.28M 577.13M 1,412.79M 1,230.73M 1,549.50M 1,534.84M 1,923.49M 2,774.72M 797.49M 2,419.40M 1,992.04M 2,367.10M
Short-Term Investments 0.00M 0.00M 0.00M 548.00M 1,642.74M -1.00M -0.38M 1,797.40M 1,826.62M 751.73M 647.44M 526.75M 651.64M 845.75M 965.45M 554.68M 521.65M 823.55M 1,245.60M
Cash & Short-Term Investments 4,189.20M 2,551.17M 2,551.17M 1,601.64M 2,976.67M 1,504.00M 678.00M 2,503.68M 2,403.75M 2,164.51M 1,878.17M 2,076.25M 2,186.47M 2,769.23M 3,740.17M 1,352.17M 2,941.05M 2,815.60M 3,612.69M
Net Receivables 4,957.74M 8,254.70M 8,254.70M 7,346.08M 7,935.00M 7,429.00M 7,779.05M 6,202.34M 6,459.26M 4,980.84M 5,133.94M 4,743.62M 4,872.30M 3,938.44M 3,654.09M 5,475.69M 3,993.51M 3,092.81M 3,205.06M
Inventory 1,138.91M 353.72M 353.72M 118.77M 214.30M 171.89M 220.09M 221.45M 345.20M 229.44M 329.66M 152.12M 367.89M 264.88M 209.43M 375.44M 259.32M 329.36M 665.50M
Other Current Assets 518.70M 564.13M 564.13M 748.21M 7,309.12M 1,009.36M 348.97M -1,399.01M 520.09M 428.05M 700.32M 428.54M 389.19M 514.00M 664.32M 529.81M 1,088.50M 1,301.95M 368.69M
Total Current Assets 10,804.55M 11,723.72M 11,723.72M 9,814.70M 18,435.08M 10,114.25M 9,026.10M 7,528.46M 9,728.30M 7,802.84M 8,042.09M 7,400.52M 7,815.85M 7,486.56M 8,268.01M 7,733.12M 8,282.37M 7,539.71M 7,851.94M
Property, Plant & Equipment 6,120.04M 6,206.40M 6,206.40M 6,381.81M 6,671.48M 6,715.40M 6,865.72M 6,765.28M 6,753.64M 6,618.43M 6,820.51M 7,177.73M 7,591.57M 7,401.21M 7,748.33M 4,957.62M 3,642.79M 3,880.30M 3,471.19M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 142.14M 164.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 1,738.55M 2,004.62M 2,004.62M 1,925.92M 1,517.05M 2,089.40M 2,414.68M 2,743.00M 3,098.17M 4,106.54M 2,648.07M 664.36M 230.85M 338.11M 290.45M 5,475.69M 3,993.51M 3,092.81M 3,205.06M
Long-Term Investments 1,624.00M 581.19M 581.19M 422.94M -1,247.71M 363.40M -959.41M -1,507.04M 443.00M -200.64M -42.22M -165.28M 546.28M -378.42M -348.69M -282.88M -240.74M -540.97M -962.04M
Tax Assets 0.00M 605.36M 605.36M 669.71M 767.30M 699.83M 865.26M 1,073.87M 1,040.79M 396.84M 381.68M 358.73M 226.42M 422.99M 479.56M 454.64M 507.53M 400.48M 380.74M
Other Non-Current Assets 0.74M 342.26M 342.26M 332.72M 1,971.23M 305.92M 1,523.94M 1,948.06M -0.29M 894.20M 786.91M 652.19M 770.49M 965.27M 1,085.30M 693.85M 686.31M 1,015.38M 1,435.21M
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
Total Non-Current Assets 9,483.33M 9,739.84M 9,739.84M 9,733.10M 9,679.35M 10,173.95M 10,710.20M 11,165.31M 11,499.32M 11,815.37M 10,594.94M 8,687.73M 9,365.61M 8,749.15M 9,254.94M 11,298.92M 8,589.39M 7,848.00M 7,530.16M
Total Assets 20,287.87M 21,463.56M 21,463.56M 19,547.80M 28,114.43M 20,288.19M 19,736.30M 18,693.78M 21,227.62M 19,618.21M 18,637.03M 16,088.26M 17,181.46M 16,235.71M 17,522.95M 19,032.03M 16,871.76M 15,387.71M 15,382.10M
Accounts Payable 1,563.92M 1,515.42M 1,515.42M 997.84M 1,212.95M 3,140.29M 1,719.29M 1,086.42M 1,437.49M 1,009.18M 2,358.55M 1,551.03M 1,031.49M 1,568.63M 844.54M 1,183.06M 846.81M 686.86M 1,274.49M
Short-Term Debt 1,812.00M 1,962.00M 1,962.00M 2,736.00M 3,238.68M 4,824.00M 3,854.00M 3,284.00M 3,482.24M 2,834.96M 3,813.62M 2,711.04M 3,531.04M 2,499.04M 2,689.04M 1,222.00M 1,107.00M 1,144.00M 1,378.00M
Tax Payables 0.00M 0.00M 0.00M 4.93M 633.63M 143.67M 203.90M 126.34M 24.63M 326.06M 200.42M 315.75M 78.64M 17.51M 0.00M 403.06M 412.98M 389.73M 372.12M
Deferred Revenue 0.00M 111.50M 111.50M 115.46M 1,311.83M 901.55M 970.07M 893.53M 842.70M 0.00M 1,040.34M 1,143.84M 870.56M 779.95M 861.50M 1,266.05M 1,319.45M 1,158.80M 1,318.14M
Other Current Liabilities 1,668.75M 992.36M 992.36M 853.80M -90.70M 518.63M 274.64M 410.95M 1,258.43M 945.15M 203.77M 375.28M 1,216.88M 323.07M 279.80M 786.47M 656.18M 594.58M 850.48M
Total Current Liabilities 5,044.67M 4,581.28M 4,581.28M 4,708.03M 6,306.40M 9,528.14M 7,021.89M 5,801.24M 7,045.48M 5,115.35M 7,616.69M 6,096.94M 6,728.60M 5,188.19M 4,674.89M 4,860.65M 4,342.42M 3,973.97M 5,193.23M
Long-Term Debt 400.00M 460.00M 460.00M 730.00M 1,294.00M 700.68M 2,452.68M 1,404.68M 1,756.67M 2,232.24M 1,295.06M 783.80M 1,169.52M 1,563.90M 1,657.94M 0.00M 0.00M 85.00M 207.00M
Capital Lease Obligations 0.00M 1,425.15M 1,425.15M 1,425.29M 1,719.30M 1,069.32M 1,450.27M 1,877.66M 1,902.52M 825.22M 718.54M 602.54M 741.48M 907.48M 1,033.48M 601.14M 588.09M 928.79M 1,413.23M
Deferred Tax Liabilities 0.00M 0.00M 80.71M 39.96M 31.46M 24.49M 35.24M 2.24M 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 Liabilities 1,773.94M 1,023.54M 1,023.54M 1,255.00M 1,329.42M 1,417.85M 1,417.96M 1,419.00M 1,417.39M 1,277.21M 1,229.70M 1,177.70M 1,177.32M 1,120.06M 1,104.20M 1,059.95M 1,123.28M 1,062.74M 1,005.25M
Total Non-Current Liabilities 2,173.94M 2,908.69M 2,989.39M 3,450.24M 4,374.17M 3,212.34M 5,356.16M 4,703.58M 5,076.58M 4,334.68M 3,243.30M 2,564.04M 3,088.32M 3,591.44M 3,795.62M 1,661.09M 1,711.37M 2,076.53M 2,625.48M
Total Liabilities 7,218.62M 7,489.96M 7,570.67M 8,158.27M 10,680.57M 12,740.48M 12,378.05M 10,504.82M 12,122.06M 9,450.03M 10,859.99M 8,660.98M 9,816.92M 8,779.62M 8,470.51M 6,521.74M 6,053.79M 6,050.50M 7,818.71M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 38.61M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,395.48M 1,373.61M 1,373.61M 1,066.04M 1,066.04M
Retained Earnings 9,904.00M 9,967.94M 9,967.94M 8,353.00M 8,172.53M 6,736.17M 6,067.70M 5,663.88M 5,597.30M 1,681.65M 6,390.61M 6,190.81M 5,407.01M 5,424.81M 6,064.15M 5,805.87M 5,140.77M 4,618.19M 3,934.71M
Accumulated OCI 451.08M 362.74M 362.74M 138.00M 108.28M 64.34M 64.64M -34.03M -38.61M 5,381.52M 4,886.88M 4,388.82M 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
Total Shareholders’ Equity 11,750.56M 11,726.17M 11,726.17M 9,886.48M 9,676.29M 8,195.99M 7,527.81M 7,025.33M 6,992.78M 8,458.66M 12,672.98M 11,975.11M 6,802.50M 6,820.29M 7,459.64M 7,179.47M 6,514.38M 5,684.23M 5,000.76M
Total Equity 11,750.56M 11,726.17M 11,726.17M 9,886.48M 9,676.29M 8,195.99M 7,527.81M 7,025.33M 6,992.78M 8,458.66M 12,672.98M 11,975.11M 6,802.50M 6,820.29M 7,459.64M 7,179.47M 6,514.38M 5,684.23M 5,000.76M
Total Liabilities & Equity 18,969.18M 19,216.13M 19,296.84M 18,044.75M 20,356.86M 20,936.46M 19,905.86M 17,530.15M 19,114.84M 17,908.68M 23,532.96M 20,636.09M 16,619.42M 15,599.91M 15,930.15M 13,701.21M 12,568.16M 11,734.73M 12,819.46M
Tangible Assets 18,549.32M 19,458.94M 19,458.94M 17,621.88M 26,597.38M 18,198.80M 17,321.62M 15,808.63M 17,965.44M 15,511.68M 15,988.96M 15,423.90M 16,950.61M 15,897.60M 17,232.50M 13,556.34M 12,878.25M 12,294.90M 12,177.04M
Tangible Equity 10,012.01M 9,721.55M 9,721.55M 7,960.56M 8,159.24M 6,106.59M 5,113.13M 4,140.19M 3,730.60M 4,352.12M 10,024.91M 11,310.75M 6,571.65M 6,482.18M 7,169.19M 1,703.78M 2,520.87M 2,591.42M 1,795.70M
Tangible Book Value 10,012.01M 9,721.55M 9,721.55M 7,960.56M 8,159.24M 6,106.59M 5,113.13M 4,140.19M 3,730.60M 4,352.12M 10,024.91M 11,310.75M 6,571.65M 6,482.18M 7,169.19M 1,703.78M 2,520.87M 2,591.42M 1,795.70M
Total Investments 1,624.00M 581.19M 581.19M 970.94M 395.03M 651.40M 398.71M 290.36M 291.16M 551.09M 605.22M 361.47M 1,197.91M 467.33M 616.76M 271.80M 280.91M 282.58M 283.56M
Net Debt -1,977.20M -129.17M -129.17M 2,412.36M 3,198.75M 4,019.68M 5,628.29M 3,982.39M 4,661.78M 3,654.41M 3,877.95M 1,945.34M 3,165.73M 2,139.45M 1,572.26M 424.51M -1,312.40M -763.04M -782.10M

Capital Metrics

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31
Working Capital 5,426.2M 5,336.0M 5,336.0M 4,032.4M 3,039.2M 47.3M 876.4M 571.2M 585.0M 1,044.9M 606.5M 1,613.4M 1,070.4M 2,215.4M 2,729.9M 3,391.9M 3,861.9M 2,919.0M 2,960.1M
Total Capital 14,947.6M 16,558.3M 16,558.3M 15,722.3M 15,173.0M 14,006.6M 14,476.6M 14,100.1M 14,576.5M 14,716.3M 14,047.7M 12,054.1M 13,067.6M 12,617.5M 13,826.9M 10,021.3M 9,225.8M 8,551.8M 8,707.9M
Capital Employed 14,909.5M 15,075.8M 15,075.8M 13,765.5M 12,718.6M 10,221.2M 11,586.6M 11,736.5M 12,084.3M 12,860.3M 11,201.5M 10,301.2M 10,436.0M 10,964.6M 11,984.8M 9,620.2M 8,899.9M 8,038.8M 7,745.2M
Invested Capital 10,758.4M 14,007.2M 14,007.2M 14,668.6M 13,839.1M 12,501.6M 13,798.2M 13,393.8M 13,999.4M 13,303.6M 12,817.0M 10,504.6M 11,532.8M 10,694.0M 11,052.1M 9,223.8M 6,806.4M 6,559.8M 6,340.8M

Cash Flow Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31
Net Income 1,819.00M 925.00M 1,842.22M 898.61M 2,209.85M 1,237.53M 972.68M 305.58M -1,353.08M 1,037.35M 594.14M 1,293.90M 381.04M -448.60M 666.46M 1,490.82M 1,176.59M 1,245.09M 1,278.42M
Depreciation & Amortization 0.00M 397.17M 918.53M 788.00M 826.13M 817.50M 837.55M 865.93M 738.94M 551.61M 531.67M 605.31M 589.85M 681.64M 463.81M 472.50M 635.00M 525.96M 535.35M
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 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
Change in Working Capital 0.00M 0.00M -467.86M 464.77M -1,329.01M 256.05M -1,346.96M 234.49M -105.30M 491.77M 11.13M 564.45M -1,146.21M -248.21M 1,883.31M -1,216.01M -669.07M -479.30M 531.31M
Accounts Receivable 0.00M 0.00M -906.58M 778.81M 172.00M -506.00M -2,016.00M 227.00M -347.00M 904.68M -390.32M 128.68M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M -234.95M 95.53M -42.41M 48.20M 1.36M 123.76M -82.12M 100.74M -178.01M 215.75M -103.03M -55.45M 166.18M -116.12M 70.05M 336.14M 674.54M
Accounts Payable 0.00M 0.00M 517.58M -215.12M -1,927.34M 1,421.00M 632.87M -351.07M 402.73M -840.27M 1,014.25M -196.29M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 0.00M 156.09M -194.45M 468.74M -707.15M 34.81M 234.80M -78.92M 391.04M 189.15M 348.71M -1,043.19M -192.76M 1,717.13M -1,099.88M -739.12M -815.44M -143.23M
Other Non-Cash Items -1,819.00M -527.84M 673.08M -536.04M -243.81M 62.37M 125.95M -34.03M 432.09M 99.90M -469.99M -893.19M 308.01M 771.69M -777.90M -640.50M -397.56M -388.61M -350.04M
Net Cash from Operating Activities 0.00M 794.33M 2,965.98M 1,615.34M 1,463.17M 2,373.45M 589.22M 1,371.96M -287.36M 2,180.63M 666.95M 1,570.47M 132.68M 756.52M 2,235.67M 106.81M 744.96M 903.14M 1,995.03M
Capital Expenditures (PPE) 0.00M 0.00M -702.98M -445.00M -380.00M -372.00M -606.17M -464.70M -409.32M -1,846.32M -2,141.09M -1,045.59M -355.35M -868.90M -2,823.53M -1,680.81M -579.68M -738.16M -95.38M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M -28.36M -30.78M -41.54M -28.38M -204.63M 1,651.07M -2,061.11M -524.38M 0.00M -171.47M -6.50M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M -525.20M -562.00M -310.00M -350.00M -285.00M -350.00M -284.21M -1.78M -289.17M -99.74M 0.00M -0.50M -499.45M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 300.00M 300.00M 300.00M 350.00M 255.00M 300.00M 506.00M 60.98M 15.75M 935.95M 0.00M 4.59M 46.31M 36.84M 20.00M 1.20M 20.00M
Other Investing Activities 0.00M 0.00M -2.11M -707.95M -14.55M -138.00M 35.44M 28.82M 205.93M -1,654.78M 2,060.12M 464.93M -24.84M 173.02M 44.14M 531.89M -237.55M -283.73M 397.65M
Net Cash from Investing Activities 0.00M 0.00M -930.29M -1,414.95M -432.90M -540.78M -642.27M -514.26M -186.23M -1,790.83M -2,415.50M -268.82M -380.19M -863.27M -3,239.03M -1,112.09M -797.23M -1,020.69M 322.27M
Net Debt Issuance 0.00M 0.00M -1,071.32M -1,066.68M -992.00M -817.10M 1,618.00M -550.00M 81.58M -70.71M 1,584.41M -1,236.07M 637.62M -284.04M 3,124.98M 115.00M -189.14M -356.00M -2,033.90M
Long-Term Debt Issuance 0.00M 0.00M -591.32M -586.68M -572.00M -387.10M 1,048.00M -550.00M -538.42M 1,078.52M 576.41M -385.72M -394.38M -94.04M 1,955.00M -85.00M -122.00M -1,122.00M -1,379.90M
Short-Term Debt Issuance 0.00M 0.00M -480.00M -480.00M -420.00M -430.00M 570.00M 0.00M 620.00M -1,120.00M 1,008.00M -820.00M 1,032.00M -190.00M 1,150.00M 200.00M -67.14M 766.00M -654.00M
Net Stock Issuance 0.00M 0.00M 0.00M 1,127.75M 0.00M 0.00M -1,396.00M 0.00M 0.00M 57.27M 65.39M 66.70M -564.73M -222.04M 43.75M 0.00M 615.13M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 1,127.75M 0.00M 0.00M 0.00M 0.00M 0.00M 57.34M 65.39M 66.70M 75.13M 19.13M 43.75M 0.00M 615.13M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1,396.13M 0.00M 0.00M -0.07M 0.00M 0.00M -639.86M -241.17M 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 0.13M 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 0.00M 0.00M -214.61M -225.98M -175.47M -190.04M -195.23M -194.79M -194.31M -193.47M -219.85M -185.89M -189.72M -215.02M -185.94M -173.62M -187.35M -50.27M -37.70M
Common Dividends Paid 0.00M 0.00M -214.61M -225.98M -175.47M -190.04M -195.23M -194.79M -194.31M -193.47M -219.85M -185.89M -189.72M -215.02M -185.94M -173.62M -187.35M -50.27M -37.70M
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
Other Financing Activities 0.00M 0.00M -0.07M -29.34M -34.91M 0.00M -31.79M -33.53M -32.02M 0.00M 0.00M 7.28M -27.20M -23.63M -19.98M -32.10M 0.00M -81.23M -87.02M
Net Cash from Financing Activities 0.00M 0.00M -1,286.00M -194.26M -1,202.38M -1,007.14M -5.02M -778.31M -144.75M -206.92M 1,429.95M -1,347.99M -144.03M -744.73M 2,962.81M -90.72M 238.63M -487.50M -2,158.62M
Effect of FX on Cash 0.00M 0.00M -0.15M 1.58M 1.05M 1.09M 0.17M -0.23M 0.72M -0.81M -0.17M -1.00M 2.88M 0.24M 17.78M 6.08M 0.00M 0.00M 0.00M
Net Change in Cash 0.00M -1,182.05M 749.54M 7.71M -171.07M 826.62M -57.91M 79.16M -617.62M 182.06M -318.77M -47.34M -388.65M -851.23M 1,977.23M -1,089.91M 186.36M -605.05M 158.67M
Cash at Beginning of Period 0.00M 7,041.51M 1,053.64M 1,045.93M 1,217.00M 390.38M 448.28M 369.13M 986.74M 770.73M 1,089.50M 1,136.84M 1,525.49M 2,376.72M 399.49M 1,489.40M 1,303.04M 1,908.10M 1,749.42M
Cash at End of Period 0.00M 4,990.93M 1,803.17M 1,053.64M 1,045.93M 1,217.00M 390.38M 448.28M 369.13M 952.79M 770.73M 1,089.50M 1,136.84M 1,525.49M 2,376.72M 399.49M 1,489.40M 1,303.04M 1,908.10M
Operating Cash Flow 0.00M 794.33M 2,965.98M 1,615.34M 1,463.17M 2,373.45M 589.22M 1,371.96M -287.36M 2,180.63M 666.95M 1,570.47M 132.68M 756.52M 2,235.67M 106.81M 744.96M 903.14M 1,995.03M
Capital Expenditure 0.00M 0.00M -171.79M -1,165.84M -408.39M -402.44M -606.17M -464.70M -409.32M -1,846.32M -2,141.09M -1,045.59M -355.35M -868.90M -2,823.53M -1,680.81M -579.68M -738.16M -95.38M
Free Cash Flow 0.00M 794.33M 2,794.19M 449.50M 1,054.78M 1,971.01M -16.95M 907.26M -696.68M 334.31M -1,474.14M 524.88M -222.67M -112.38M -587.87M -1,574.00M 165.28M 164.98M 1,899.65M

Free Cash Flow

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31
EBITDA 2,877.36M 2,114.54M 3,436.11M 2,078.99M 3,329.78M 2,063.98M 1,977.07M 1,144.75M 199.28M 1,738.40M 3,938.10M 3,943.64M 3,937.47M 3,230.61M 3,602.22M 4,469.28M 4,490.24M 4,116.61M 4,065.22M
(-) Tax Adjustment 784.26M 559.38M 927.35M 562.28M 901.09M 630.86M 691.97M 165.62M 42.82M 490.73M 1,156.56M 988.19M 1,378.11M 174.81M 1,201.13M 1,564.25M 1,571.58M 1,440.81M 1,422.83M
(-) Change In Working Capital 0.00M 0.00M -467.86M 464.77M -1,329.01M 256.05M -1,346.96M 234.49M -105.30M 491.77M 11.13M 564.45M -1,146.21M -248.21M 1,883.31M -1,216.01M -669.07M -479.30M 531.31M
(-) Capital Expenditure 0.00M 0.00M -171.79M -1,165.84M -408.39M -402.44M -606.17M -464.70M -409.32M -1,846.32M -2,141.09M -1,045.59M -355.35M -868.90M -2,823.53M -1,680.81M -579.68M -738.16M -95.38M
Unlevered Free Cash Flow 2,093.10M 1,555.16M 2,804.83M -113.90M 3,349.30M 774.64M 2,025.88M 279.94M -147.56M -1,090.42M 629.32M 1,345.41M 3,350.22M 2,435.11M -2,305.75M 2,440.23M 3,008.05M 2,416.94M 2,015.70M
(-) Net Interest Income After Taxes -12.59M -10.95M -11.91M -11.02M -14.40M -15.51M -11.52M -15.50M -15.22M -13.31M -11.31M -14.57M -14.01M -21.31M -5.95M -3.53M -4.30M -14.32M -29.48M
Net Debt Issuance 0.00M 0.00M -1,071.32M -1,066.68M -992.00M -817.10M 1,618.00M -550.00M 81.58M -70.71M 1,584.41M -1,236.07M 637.62M -284.04M 3,124.98M 115.00M -189.14M -356.00M -2,033.90M
Levered Free Cash Flow 2,105.68M 1,566.11M 1,745.42M -1,169.57M 2,371.71M -26.95M 3,655.41M -254.56M -50.76M -1,147.83M 2,225.04M 123.90M 4,001.86M 2,172.38M 825.18M 2,558.75M 2,823.21M 2,075.26M 11.28M