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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

TAC Co.,Ltd.

Ticker: 4319.T | Industry: Education & Training Services | Sector: Consumer Defensive
$347.00 0.00 (0.00%)
As of: 2025-12-18

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Stock Price 259.67 187.00 202.75 211.50 240.50 209.00 209.25 293.25 273.00 203.50 223.50 275.75 239.75 151.50 222.25 355.50 405.50 346.50
Market Capitalization 4,708.75M 3,391.03M 3,676.63M 3,904.00M 4,450.18M 3,867.32M 3,871.95M 5,426.28M 5,051.57M 3,765.55M 4,135.63M 5,095.27M 4,371.80M 2,762.58M 4,052.69M 6,482.49M 7,394.24M 6,340.37M
(-) Cash & Equivalents 5,905.56M 5,928.72M 6,043.75M 6,149.37M 5,516.35M 4,938.20M 5,558.25M 5,415.34M 6,241.73M 7,490.01M 6,756.10M 5,987.24M 4,484.59M 1,875.07M 2,504.87M 1,945.65M 1,303.27M 765.24M
(+) Total Debt 4,852.83M 5,622.93M 5,552.70M 5,293.00M 4,826.78M 5,198.46M 6,283.55M 6,592.80M 7,407.87M 8,301.96M 8,056.41M 5,756.14M 4,028.15M 5,368.24M 6,889.94M 5,428.75M 2,940.00M 1,560.00M
Enterprise Value 3,656.02M 3,085.24M 3,185.58M 3,047.63M 3,760.61M 4,127.58M 4,597.25M 6,603.73M 6,217.71M 4,577.51M 5,435.93M 4,864.17M 3,915.36M 6,255.74M 8,437.77M 9,965.59M 9,030.97M 7,135.14M

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 2008-03-31
Revenue 19,415M 19,011M 19,197M 19,001M 19,712M 20,472M 19,791M 20,338M 20,382M 20,892M 20,455M 20,004M 19,517M 20,567M 20,986M 22,553M 24,616M 23,992M 21,043M 20,725M
Cost of Revenue 11,590M 11,721M 11,489M 12,013M 11,979M 12,657M 12,066M 12,587M 12,376M 12,333M 12,295M 12,120M 12,125M 12,467M 13,253M 14,600M 15,367M 14,728M 12,451M 12,712M
Gross Profit 7,826M 7,291M 7,708M 6,988M 7,732M 7,814M 7,725M 7,750M 8,006M 8,559M 8,160M 7,884M 7,392M 8,100M 7,733M 7,953M 9,249M 9,264M 8,592M 8,013M
Gross Profit Margin 40.3% 38.3% 40.2% 36.8% 39.2% 38.2% 39.0% 38.1% 39.3% 41.0% 39.9% 39.4% 37.9% 39.4% 36.8% 35.3% 37.6% 38.6% 40.8% 38.7%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 7,061M 6,887M 6,982M 7,155M 7,280M 7,265M 7,173M 7,436M 7,516M 7,604M 7,336M 7,169M 7,160M 6,966M 7,474M 0M 0M 0M 0M 0M
Operating Expenses 7,061M 7,028M 6,982M 7,296M 7,413M 7,401M 7,321M 7,588M 7,665M 7,725M 7,446M 7,278M 7,251M 7,066M 7,597M 8,560M 8,783M 8,640M 7,262M 6,943M
Operating Income (EBIT) 765M 263M 726M -307M 319M 413M 405M 162M 341M 834M 713M 606M 141M 1,034M 137M -607M 466M 624M 1,330M 1,070M
Operating Income Margin 3.9% 1.4% 3.8% -1.6% 1.6% 2.0% 2.0% 0.8% 1.7% 4.0% 3.5% 3.0% 0.7% 5.0% 0.7% -2.7% 1.9% 2.6% 6.3% 5.2%
Interest Income 8M 7M 8M 7M 9M 15M 11M 16M 19M 23M 20M 13M 6M 4M 2M 12M 20M 13M 16M 37M
Interest Expense 43M 36M 41M 33M 34M 36M 38M 43M 47M 54M 64M 74M 46M 28M 38M 46M 33M 34M 27M 10M
Net Interest Income -35M -29M -33M -26M -26M -20M -27M -27M -28M -31M -45M -60M -40M -24M -36M -35M -14M -21M -11M 27M
Unusual Items -83M 39M -10M -4M 7M 317M 239M -22M 92M -99M 107M -31M 296M 279M 1,737M -97M -804M -478M 1M -232M
EBT Excluding Unusual Items 729M 234M 692M -333M 294M 393M 377M 135M 313M 803M 668M 545M 100M 1,011M 101M -641M 452M 603M 1,319M 1,097M
Pre-Tax Income 647M 273M 682M -337M 300M 710M 617M 113M 405M 703M 775M 514M 397M 1,289M 1,838M -738M -352M 125M 1,320M 864M
Pre-Tax Margin 3.3% 1.4% 3.6% -1.8% 1.5% 3.5% 3.1% 0.6% 2.0% 3.4% 3.8% 2.6% 2.0% 6.3% 8.8% -3.3% -1.4% 0.5% 6.3% 4.2%
Income Tax Expense 205M 88M 214M -119M 84M 264M 210M 8M 93M 259M 284M 299M 187M 470M 854M 61M -111M 86M 656M 422M
Net Income 439M 184M 467M -220M 215M 445M 406M 103M 310M 443M 490M 213M 208M 817M 978M -799M -244M 40M 669M 444M
Net Income Margin 2.3% 1.0% 2.4% -1.2% 1.1% 2.2% 2.0% 0.5% 1.5% 2.1% 2.4% 1.1% 1.1% 4.0% 4.7% -3.5% -1.0% 0.2% 3.2% 2.1%
Depreciation & Amortization 450M 407M 383M 409M 418M 428M 310M 304M 293M 290M 293M 365M 325M 332M 472M 648M 722M 434M 273M 287M
EBITDA 1,214M 670M 1,109M 101M 737M 841M 714M 466M 633M 1,124M 1,006M 971M 465M 1,366M 609M 41M 1,188M 1,058M 1,603M 1,357M
EBITDA Margin 6.3% 3.5% 5.8% 0.5% 3.7% 4.1% 3.6% 2.3% 3.1% 5.4% 4.9% 4.9% 2.4% 6.6% 2.9% 0.2% 4.8% 4.4% 7.6% 6.5%
NOPAT 522M 178M 499M -243M 230M 260M 267M 150M 262M 527M 452M 253M 74M 658M 73M -479M 368M 195M 670M 548M
NOPAT Margin 2.7% 0.9% 2.6% -1.3% 1.2% 1.3% 1.3% 0.7% 1.3% 2.5% 2.2% 1.3% 0.4% 3.2% 0.3% -2.1% 1.5% 0.8% 3.2% 2.6%
Owner's Earnings 889M 591M 740M -101M 242M 348M 544M 82M 396M 474M 536M 398M -3,098M 1,006M 1,115M -385M -371M -551M 602M 520M
Owner's Earnings Margin 4.6% 3.1% 3.9% -0.5% 1.2% 1.7% 2.7% 0.4% 1.9% 2.3% 2.6% 2.0% -15.9% 4.9% 5.3% -1.7% -1.5% -2.3% 2.9% 2.5%
EPS (Basic) 24.19 10.17 25.78 -12.12 11.69 24.05 21.92 5.58 16.74 23.93 26.49 11.54 11.24 44.68 53.63 -43.82 -13.38 2.20 36.58 23.98
EPS (Diluted) 24.22 10.15 25.78 -12.12 11.69 24.05 21.92 5.58 16.74 23.93 26.49 11.54 11.24 44.68 53.63 -43.82 -13.38 2.20 36.58 23.99
Shares (Basic) 18M 18M 18M 18M 18M 19M 19M 19M 19M 19M 19M 19M 19M 18M 18M 18M 18M 18M 18M 19M
Shares (Diluted) 18M 18M 18M 18M 18M 19M 19M 19M 19M 19M 19M 19M 19M 18M 18M 18M 18M 18M 18M 19M

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 2008-03-31
Cash & Cash Equivalents 5,670.63M 5,575.50M 6,470.57M 5,745.73M 6,103.86M 5,716.57M 5,149.33M 4,287.32M 5,195.52M 4,973.43M 6,542.72M 6,989.60M 6,455.69M 6,163.94M 3,889.17M 1,726.01M 3,046.84M 1,388.84M 1,359.49M 1,859.65M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 200.00M 200.00M 200.01M 200.09M 100.10M 700.10M 65.75M 185.83M 87.77M 166.11M 80.97M 189.87M 170.41M 163.36M 20.94M 360.44M
Cash & Short-Term Investments 5,670.63M 5,575.50M 6,470.57M 5,745.73M 6,303.86M 5,916.57M 5,349.34M 4,487.41M 5,295.62M 5,673.53M 6,608.47M 7,175.43M 6,543.46M 6,330.05M 3,970.14M 1,915.88M 3,217.25M 1,552.20M 1,380.43M 2,220.09M
Net Receivables 4,509.29M 3,778.25M 3,901.26M 4,256.75M 3,832.74M 3,573.93M 3,785.28M 3,852.69M 3,868.09M 3,777.67M 3,447.71M 3,053.79M 2,849.95M 2,975.08M 2,772.56M 2,356.28M 2,160.94M 2,549.18M 2,111.36M 1,901.49M
Inventory 727.45M 877.23M 1,014.75M 936.70M 878.93M 796.53M 894.28M 865.63M 784.68M 693.03M 630.82M 586.14M 596.02M 629.22M 1,012.83M 991.06M 935.96M 898.94M 641.42M 536.43M
Other Current Assets 222.31M 318.81M 622.49M 683.56M 588.72M 1,392.35M 473.07M 511.24M 953.20M 958.41M 746.40M 699.42M 898.69M 1,160.51M 1,165.31M 4,166.13M 5,468.37M 5,580.87M 4,861.67M 732.44M
Total Current Assets 11,129.68M 10,549.79M 12,009.06M 11,622.73M 11,604.24M 11,679.38M 10,501.97M 9,716.97M 10,901.59M 11,102.64M 11,433.40M 11,514.78M 10,888.13M 11,094.85M 8,920.84M 9,429.36M 11,782.51M 10,581.19M 8,994.88M 5,390.46M
Property, Plant & Equipment 4,670.32M 4,708.06M 4,712.53M 4,855.86M 4,973.02M 5,113.94M 4,760.13M 4,746.84M 4,508.25M 4,604.06M 4,615.29M 4,680.35M 4,800.51M 1,437.43M 1,643.28M 1,693.21M 1,989.59M 1,509.47M 646.44M 612.79M
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 139.10M 0.00M 0.00M 54.83M 186.42M 318.02M 0.00M 0.00M
Intangible Assets 421.27M 437.39M 325.56M 303.49M 231.14M 202.08M 233.30M 300.17M 331.33M 351.88M 266.48M 259.61M 255.90M 264.86M 231.00M 181.60M 207.41M 243.90M 276.76M 247.36M
Long-Term Investments 1,078.84M 1,084.07M 1,147.08M 1,175.70M 1,005.65M 1,222.40M 1,388.99M 1,760.24M 5,334.00M 1,502.97M 1,014.55M 499.03M 390.68M 1,173.43M 1,533.75M 950.69M 760.13M 984.91M 1,626.02M 1,295.62M
Tax Assets 462.22M 491.77M 589.17M 620.28M 424.71M 372.78M 370.03M 455.21M 410.66M 7.88M 65.75M 185.83M 87.77M 166.11M 80.97M 282.90M 437.41M 236.05M 236.80M 202.75M
Other Non-Current Assets 1,934.03M 2,070.40M 2,159.15M 2,212.81M 2,556.46M 2,793.87M 3,163.43M 3,273.78M 0.33M 3,689.75M 3,997.67M 4,050.10M 4,374.65M 4,494.64M 4,398.81M 6,469.03M 6,291.36M 6,569.57M 5,310.91M 5,631.82M
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
Total Non-Current Assets 8,566.68M 8,791.69M 8,933.49M 9,168.14M 9,190.98M 9,705.07M 9,915.88M 10,536.23M 10,584.57M 10,156.54M 9,959.74M 9,674.92M 10,048.61M 7,536.47M 7,887.80M 9,632.26M 9,872.33M 9,861.92M 8,096.92M 7,990.35M
Total Assets 19,696.36M 19,341.48M 20,942.54M 20,790.87M 20,795.22M 21,384.45M 20,417.84M 20,253.20M 21,486.16M 21,259.18M 21,393.14M 21,189.70M 20,936.74M 18,631.33M 16,808.64M 19,061.62M 21,654.85M 20,443.11M 17,091.80M 13,380.80M
Accounts Payable 399.01M 474.11M 459.69M 580.43M 495.02M 515.08M 633.89M 495.22M 524.93M 473.10M 450.87M 452.76M 476.93M 492.51M 488.50M 431.37M 503.05M 584.58M 444.55M 439.19M
Short-Term Debt 0.00M 3,116.70M 3,223.00M 3,917.00M 2,228.65M 2,094.79M 1,910.56M 1,949.09M 2,647.30M 2,287.21M 2,621.88M 2,226.46M 2,645.06M 2,072.56M 2,583.19M 4,437.87M 3,866.80M 3,630.99M 1,550.00M 9.60M
Tax Payables 173.64M 0.00M 0.00M 37.44M 40.96M 256.29M 133.35M 18.78M 51.08M 162.25M 242.19M 260.16M 32.52M 437.29M 167.03M 23.03M 130.39M 35.28M 290.31M 284.84M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 6,128.18M 6,798.44M 7,461.38M 7,279.46M 7,115.91M 7,383.08M 7,301.65M 7,030.02M 6,653.37M 7,548.59M 7,371.98M 7,968.96M 8,763.56M 9,869.56M 8,524.03M 7,986.56M
Other Current Liabilities 7,275.84M 6,814.94M 7,898.98M 7,735.25M 1,651.22M 1,600.71M 961.15M 790.80M 8,087.09M 8,185.85M 7,996.38M 7,970.12M 7,724.50M 8,273.42M 8,358.69M 9,449.54M 10,258.77M 11,276.96M 9,242.19M 8,627.32M
Total Current Liabilities 7,848.48M 10,405.75M 11,581.67M 12,270.12M 10,544.03M 11,265.32M 11,100.32M 10,533.36M 18,426.32M 18,491.49M 18,612.97M 17,939.53M 17,532.38M 18,824.36M 18,969.38M 22,310.77M 23,522.56M 25,397.36M 20,051.07M 17,347.52M
Long-Term Debt 4,251.44M 1,858.06M 2,109.28M 1,732.26M 3,069.93M 3,001.07M 2,535.51M 3,256.06M 3,755.02M 4,202.66M 4,916.38M 5,276.59M 5,193.10M 2,328.15M 989.70M 1,772.89M 2,824.81M 900.00M 1,300.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 71.33M 55.18M 6.45M 26.19M 37.35M 39.90M 39.90M 5.03M 15.92M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 241.01M 275.74M 285.56M 251.85M 99.99M 88.32M 32.23M 34.92M 20.79M 33.18M 30.19M 39.99M 74.49M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 700.42M 713.82M 631.43M 733.74M 775.70M 746.40M 767.74M 756.15M 691.22M 800.22M 119.40M 119.40M 120.71M 138.93M 125.01M 657.28M 786.09M 127.69M 140.22M 139.92M
Total Non-Current Liabilities 4,951.86M 2,571.88M 2,981.72M 2,813.07M 4,186.37M 4,005.77M 3,429.43M 4,137.88M 4,518.37M 5,077.69M 5,061.60M 5,445.10M 5,344.00M 2,507.06M 1,189.20M 2,430.17M 3,610.91M 1,027.69M 1,440.22M 139.92M
Total Liabilities 12,800.34M 12,977.63M 14,563.39M 15,083.19M 14,730.40M 15,271.08M 14,529.75M 14,671.24M 22,944.68M 23,569.17M 23,674.57M 23,384.62M 22,876.38M 21,331.42M 20,158.58M 24,740.94M 27,133.47M 26,425.05M 21,491.29M 17,487.43M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 10.24M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M 940.20M
Retained Earnings 5,075.81M 4,843.88M 4,563.38M 4,186.56M 4,515.13M 4,411.42M 4,077.45M 3,764.28M 3,771.99M 3,591.80M 3,223.05M 2,788.45M 2,611.99M 2,422.46M 1,608.96M 631.02M 1,612.50M 2,193.90M 2,454.68M 2,097.48M
Accumulated OCI -8.07M -8.91M 1.81M 20.12M 23.43M 23.82M -0.10M -23.98M -10.24M -35.96M 0.88M 17.50M 42.00M 1.00M 72.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 10.55M 10.23M 10.57M 9.77M 9.17M 8.71M 7.57M 7.11M 6.26M 5.42M 4.65M 3.86M 3.01M 14.56M 16.22M 8.43M 8.00M 4.64M 5.82M 10.32M
Total Shareholders’ Equity 6,007.94M 5,775.17M 5,505.39M 5,146.88M 5,478.76M 5,375.44M 5,017.55M 4,680.50M 4,712.19M 4,496.04M 4,164.13M 3,746.15M 3,594.19M 3,363.66M 2,621.16M 1,571.22M 2,552.70M 3,134.10M 3,394.88M 3,037.68M
Total Equity 6,018.50M 5,785.41M 5,515.96M 5,156.65M 5,487.93M 5,384.15M 5,025.12M 4,687.61M 4,718.45M 4,501.46M 4,168.78M 3,750.02M 3,597.20M 3,378.22M 2,637.38M 1,579.65M 2,560.70M 3,138.74M 3,400.71M 3,048.00M
Total Liabilities & Equity 18,818.84M 18,763.04M 20,079.35M 20,239.84M 20,218.33M 20,655.23M 19,554.87M 19,358.85M 27,663.13M 28,070.63M 27,843.35M 27,134.64M 26,473.58M 24,709.64M 22,795.96M 26,320.58M 29,694.16M 29,563.79M 24,892.00M 20,535.43M
Tangible Assets 19,275.08M 18,904.08M 20,616.99M 20,487.38M 20,564.08M 21,182.38M 20,184.54M 19,953.03M 21,154.83M 20,907.30M 21,126.65M 20,930.09M 20,541.74M 18,366.47M 16,577.64M 18,825.19M 21,261.01M 19,881.19M 16,815.05M 13,133.44M
Tangible Equity 5,597.22M 5,348.01M 5,190.40M 4,853.16M 5,256.79M 5,182.07M 4,791.82M 4,387.44M 4,387.12M 4,149.58M 3,902.29M 3,490.40M 3,202.20M 3,113.36M 2,406.38M 1,343.22M 2,166.86M 2,576.82M 3,123.95M 2,800.64M
Tangible Book Value 5,597.22M 5,348.01M 5,190.40M 4,853.16M 5,256.79M 5,182.07M 4,791.82M 4,387.44M 4,387.12M 4,149.58M 3,902.29M 3,490.40M 3,202.20M 3,113.36M 2,406.38M 1,343.22M 2,166.86M 2,576.82M 3,123.95M 2,800.64M
Total Investments 1,578.84M 1,084.07M 1,147.08M 1,175.70M 1,205.65M 1,422.40M 1,589.00M 1,960.32M 5,434.10M 2,203.07M 1,080.30M 684.87M 478.46M 1,339.54M 1,614.72M 1,140.56M 930.54M 1,148.27M 1,646.96M 1,656.06M
Net Debt -1,419.18M -600.74M -1,138.28M -96.47M -805.29M -620.71M -703.27M 917.83M 1,206.81M 1,516.44M 995.55M 513.46M 1,382.47M -1,763.23M -316.28M 4,484.76M 3,644.78M 3,142.15M 1,490.51M -1,850.05M

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 2008-03-31
Working Capital 3,119.1M 281.0M 38.6M -830.4M 858.0M 217.1M -797.0M -1,008.5M -599.7M 178.2M 724.4M 974.2M 301.0M -231.4M -2,739.2M -4,987.3M -3,038.7M -5,029.4M -2,594.5M -4,031.2M
Total Capital 10,974.8M 11,465.3M 11,553.1M 11,512.2M 11,492.7M 11,261.8M 10,254.1M 10,658.4M 11,869.8M 11,752.9M 12,483.3M 12,017.9M 12,204.1M 8,554.0M 6,884.1M 8,387.7M 9,903.1M 8,325.2M 6,906.4M 3,818.5M
Capital Employed 11,685.7M 9,072.7M 8,972.1M 8,337.8M 10,049.0M 9,922.1M 9,118.9M 9,527.7M 9,984.9M 10,334.8M 10,684.1M 10,649.1M 10,349.6M 7,305.1M 5,148.6M 4,645.0M 6,833.6M 4,832.6M 5,502.4M 3,959.2M
Invested Capital 5,304.2M 5,889.8M 5,082.5M 5,766.5M 5,388.9M 5,545.3M 5,104.8M 6,371.1M 6,674.3M 6,779.5M 5,940.6M 5,028.4M 5,748.4M 2,390.1M 2,995.0M 6,661.7M 6,856.2M 6,936.4M 5,546.9M 1,958.9M

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 2008-03-31
Net Income 587.09M -104.59M 467.48M -337.16M 300.33M 710.38M 616.57M 113.31M 404.53M 703.09M 775.18M 514.40M 396.66M 1,289.44M 1,837.80M -738.19M -352.04M 124.55M 1,320.40M 864.41M
Depreciation & Amortization 0.00M 206.05M 383.34M 408.88M 417.59M 427.62M 309.81M 303.74M 292.63M 290.25M 292.99M 364.89M 324.62M 331.62M 472.19M 647.73M 722.14M 433.98M 272.90M 286.89M
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 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
Change in Working Capital 0.00M 0.00M 326.02M -595.00M -745.50M -229.97M 539.36M 386.34M -273.55M -249.31M -446.47M 44.00M -527.44M 143.57M 1,319.88M 47.94M -286.65M 8.08M -3,882.10M 120.64M
Accounts Receivable 0.00M 0.00M 416.15M -480.88M -253.00M 211.00M 68.00M 10.00M -90.00M -342.45M -355.75M -148.30M 181.00M -197.00M -416.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M -78.05M -57.78M -82.39M 97.74M -28.64M -80.96M -91.64M -62.22M -44.67M 9.88M 33.19M 383.61M -21.77M -55.11M -37.02M 109.43M -104.98M 372.71M
Accounts Payable 0.00M 0.00M -120.71M 85.22M -20.09M -119.41M 138.42M -29.44M 51.92M 22.12M -1.65M -23.75M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 0.00M 108.63M -141.57M -390.02M -419.30M 361.58M 486.74M -143.83M -187.10M -401.80M 34.11M -560.63M -240.04M 1,341.64M 103.04M -249.63M -101.35M -3,777.11M -252.07M
Other Non-Cash Items -587.09M 310.65M 210.86M -0.77M -0.99M -423.27M -22.37M -216.73M -329.80M -209.81M -290.27M 211.95M -797.25M -435.14M -328.75M -17.40M 675.55M -219.02M -579.79M -219.87M
Net Cash from Operating Activities 0.00M 412.11M 1,387.71M -524.05M -28.56M 484.77M 1,443.38M 586.66M 93.82M 534.21M 331.42M 1,135.24M -603.41M 1,329.49M 3,301.12M -59.92M 758.99M 347.58M -2,868.59M 1,052.07M
Capital Expenditures (PPE) 0.00M 0.00M -192.83M -290.50M -390.64M -524.28M -171.57M -325.23M -206.26M -258.85M -246.95M -180.69M -3,630.35M -142.28M -334.77M -233.56M -849.57M -1,025.32M -340.05M -210.24M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M -104.33M -35.33M 0.23M -53.52M -90.34M -167.00M -121.11M -98.64M -5.06M -100.88M -130.94M -59.56M -47.45M -50.40M -130.61M -109.46M
Purchases of Investments 0.00M 0.00M -635.00M 0.00M -100.00M -100.76M -100.21M -722.27M -567.60M -1,269.92M -632.08M -535.92M -156.27M -23.52M -19.92M -325.22M -154.80M -2.46M -4.32M -1,053.78M
Sales / Maturities of Investments 0.00M 0.00M 195.35M 248.74M 223.74M 387.69M 605.38M 854.62M 1,158.40M 411.27M 257.85M 235.22M 1,282.98M 328.55M 65.20M 212.08M 77.84M 211.48M 201.35M 890.31M
Other Investing Activities 0.00M 0.00M -78.79M -1.86M 807.43M -141.73M -63.22M 93.31M 78.54M 323.80M 185.45M 382.54M -102.89M 87.20M 1,813.59M -168.81M 59.83M -772.72M 73.80M -75.92M
Net Cash from Investing Activities 0.00M 0.00M -711.26M -43.62M 436.20M -414.40M 270.62M -153.09M 372.74M -960.71M -556.84M -197.49M -2,611.60M 149.07M 1,393.16M -575.07M -914.15M -1,639.42M -199.83M -559.09M
Net Debt Issuance 0.00M 0.00M -350.87M 351.37M 173.11M 649.80M -741.36M -1,215.57M -689.00M -1,084.40M 47.37M -359.92M 3,324.00M 827.81M -2,638.13M -504.06M 2,157.97M 1,663.57M 2,840.40M -67.20M
Long-Term Debt Issuance 0.00M 0.00M -1,050.87M 251.37M 102.71M 539.80M -1,141.00M -615.57M -689.00M -1,052.28M -52.63M -59.92M 3,368.61M 1,602.81M -1,063.56M -1,051.93M 2,588.37M -400.00M 1,690.40M -67.20M
Short-Term Debt Issuance 0.00M 0.00M 700.00M 100.00M 100.00M 110.00M 400.00M -600.00M 600.00M -10.00M 100.00M -300.00M -25.00M -775.00M -1,560.00M 560.00M -425.00M 2,075.00M 1,150.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M -75.54M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -7.35M 92.88M 1.60M 0.00M -0.01M -0.01M -100.78M 11.35M
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 92.88M 1.60M 0.00M 0.00M 0.00M 0.00M 11.35M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M -75.54M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -7.35M 0.00M 0.00M 0.00M -0.01M -0.01M -100.78M 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
Net Dividends Paid 0.00M 0.00M -90.38M -108.39M -110.70M -110.56M -91.88M -110.67M -128.73M -73.42M -55.02M -36.54M -18.32M -0.19M -0.58M -181.33M -335.53M -299.44M -310.65M -275.91M
Common Dividends Paid 0.00M 0.00M -90.38M -108.39M -110.70M -110.56M -91.88M -110.67M -128.73M -73.42M -55.02M -36.54M -18.32M -0.19M -0.58M -181.33M -335.53M -299.44M -310.65M -275.91M
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
Other Financing Activities 0.00M 0.00M -8.65M -36.36M -7.98M -30.24M -31.46M -8.02M 575.31M -51.54M -23.36M -0.59M -0.23M -21.82M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Financing Activities 0.00M 0.00M -449.90M 206.62M -21.11M 509.01M -864.69M -1,334.25M -242.42M -1,209.36M -31.01M -397.05M 3,298.10M 898.68M -2,637.11M -685.38M 1,822.44M 1,364.13M 2,428.97M -331.76M
Effect of FX on Cash 0.00M 0.00M 498.30M 2.92M 0.76M 18.24M 12.63M -7.53M -2.06M -5.00M -4.64M -8.74M 13.15M -0.16M 15.23M 0.84M -2.25M -0.65M -0.29M -2.28M
Net Change in Cash 0.00M 981.53M 724.84M -358.13M 387.29M 597.61M 861.93M -908.21M 222.09M -1,640.85M -261.06M 531.96M 96.24M 2,377.08M 2,072.39M -1,319.54M 1,665.03M 71.63M -639.73M 158.94M
Cash at Beginning of Period 0.00M 18,071.16M 5,745.73M 6,103.86M 5,716.57M 5,118.96M 4,257.03M 5,165.24M 4,943.15M 6,584.01M 6,845.07M 6,313.11M 6,216.88M 3,839.80M 1,767.40M 3,086.95M 1,421.92M 1,350.29M 1,990.02M 1,831.08M
Cash at End of Period 0.00M 18,426.93M 6,470.57M 5,745.73M 6,103.86M 5,716.57M 5,118.96M 4,257.03M 5,165.24M 4,943.15M 6,584.01M 6,845.07M 6,313.11M 6,216.88M 3,839.80M 1,767.40M 3,086.95M 1,421.92M 1,350.29M 1,990.02M
Operating Cash Flow 0.00M 412.11M 1,387.71M -524.05M -28.56M 484.77M 1,443.38M 586.66M 93.82M 534.21M 331.42M 1,135.24M -603.41M 1,329.49M 3,301.12M -59.92M 758.99M 347.58M -2,868.59M 1,052.07M
Capital Expenditure 0.00M 0.00M -111.02M -290.50M -390.64M -524.28M -171.57M -325.23M -206.26M -258.85M -246.95M -180.69M -3,630.35M -142.28M -334.77M -233.56M -849.57M -1,025.32M -340.05M -210.24M
Free Cash Flow 0.00M 412.11M 1,276.68M -814.56M -419.20M -39.51M 1,271.82M 261.42M -112.44M 275.36M 84.48M 954.55M -4,233.76M 1,187.21M 2,966.35M -293.48M -90.58M -677.74M -3,208.63M 841.82M

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 2008-03-31
EBITDA 1,301.63M 439.87M 1,109.28M 242.16M 869.99M 977.04M 861.94M 617.92M 782.80M 1,244.40M 1,116.89M 1,079.34M 556.34M 1,465.95M 731.63M 8,600.85M 9,971.39M 9,697.50M 8,864.67M 8,299.49M
(-) Tax Adjustment 390.45M 121.93M 347.14M 84.76M 244.03M 341.96M 293.02M 45.53M 180.38M 435.54M 390.91M 377.77M 194.72M 513.08M 256.07M 0.00M 3,153.75M 3,394.13M 3,102.63M 2,904.82M
(-) Change In Working Capital 0.00M 0.00M 326.02M -595.00M -745.50M -229.97M 539.36M 386.34M -273.55M -249.31M -446.47M 44.00M -527.44M 143.57M 1,319.88M 47.94M -286.65M 8.08M -3,882.10M 120.64M
(-) Capital Expenditure 0.00M 0.00M -111.02M -290.50M -390.64M -524.28M -171.57M -325.23M -206.26M -258.85M -246.95M -180.69M -3,630.35M -142.28M -334.77M -233.56M -849.57M -1,025.32M -340.05M -210.24M
Unlevered Free Cash Flow 911.18M 317.94M 325.09M 461.90M 980.82M 340.76M -142.01M -139.17M 669.71M 799.32M 925.50M 476.89M -2,741.30M 667.03M -1,179.10M 8,319.35M 6,254.73M 5,269.98M 9,304.08M 5,063.78M
(-) Net Interest Income After Taxes -25.13M -19.45M -23.01M -16.84M -18.37M -13.14M -17.94M -24.72M -21.35M -20.40M -29.08M -39.27M -26.14M -15.48M -23.39M -34.56M -9.39M -13.54M -7.03M 17.53M
Net Debt Issuance 0.00M 0.00M -350.87M 351.37M 173.11M 649.80M -741.36M -1,215.57M -689.00M -1,084.40M 47.37M -359.92M 3,324.00M 827.81M -2,638.13M -504.06M 2,157.97M 1,663.57M 2,840.40M -67.20M
Levered Free Cash Flow 936.31M 337.39M -2.77M 830.12M 1,172.31M 1,003.70M -865.42M -1,330.03M 2.06M -264.67M 1,001.95M 156.23M 608.85M 1,510.32M -3,793.84M 7,849.85M 8,422.09M 6,947.09M 12,151.51M 4,979.05M