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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Chongqing Brewery Co., Ltd.

Ticker: 600132.SS | Industry: Beverages - Alcoholic | Sector: Consumer Defensive
$52.81 +0.01 (0.02%)
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 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Stock Price 55.74 64.82 92.22 123.35 147.95 85.17 44.54 27.04 22.04 16.23 18.78 15.46 16.43 20.38 54.37 43.38 20.99 14.71 27.39 11.64 4.23 5.66 5.66 6.28 5.60 5.21 6.93 3.57
Market Capitalization 26,944.52M 31,372.22M 44,630.61M 59,671.63M 71,432.93M 41,112.16M 21,290.11M 12,963.74M 10,605.07M 7,920.43M 9,008.57M 7,467.66M 7,866.90M 9,823.12M 25,962.99M 20,922.36M 10,157.49M 7,081.08M 13,216.27M 5,669.01M 2,040.38M 2,734.60M 2,730.97M 3,032.81M 2,704.41M 2,516.07M 3,344.30M 1,721.65M
(-) Cash & Equivalents 2,545.97M 2,496.67M 3,890.39M 3,831.85M 2,277.88M 1,226.95M 768.44M 609.43M 363.55M 376.67M 225.10M 318.75M 483.90M 528.23M 366.81M 427.34M 401.80M 328.63M 234.32M 237.12M 165.38M 153.48M 177.68M 165.73M 154.65M 212.05M 114.91M 85.81M
(+) Total Debt 125.51M 136.01M 114.33M 83.69M 20.56M 225.49M 182.92M 267.19M 259.24M 395.80M 627.39M 972.89M 1,297.00M 1,391.40M 1,011.80M 977.41M 960.23M 974.30M 627.18M 687.98M 777.20M 593.97M 630.61M 440.59M 322.52M 246.04M 94.95M 91.77M
Enterprise Value 24,524.06M 29,011.56M 40,854.55M 55,923.47M 69,175.62M 40,110.70M 20,704.59M 12,621.50M 10,500.75M 7,939.56M 9,410.86M 8,121.80M 8,679.99M 10,686.28M 26,607.98M 21,472.43M 10,715.91M 7,726.75M 13,609.12M 6,119.87M 2,652.20M 3,175.09M 3,183.91M 3,307.66M 2,872.28M 2,550.05M 3,324.33M 1,727.61M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Revenue 14,640M 14,849M 14,645M 14,815M 14,039M 13,119M 10,942M 10,212M 3,467M 3,176M 3,196M 3,324M 3,169M 3,387M 3,149M 2,695M 2,375M 2,057M 2,121M 1,923M 1,813M 1,490M 1,251M 944M 779M 467M 338M 311M 288M 215M 209M 180M
Cost of Revenue 7,496M 7,634M 7,617M 7,617M 7,031M 6,511M 5,791M 5,040M 2,109M 1,967M 1,995M 2,176M 1,920M 1,901M 1,836M 1,515M 1,329M 1,216M 1,211M 1,250M 928M 814M 661M 473M 395M 236M 180M 160M 151M 114M 109M 90M
Gross Profit 7,144M 7,215M 7,028M 7,198M 7,008M 6,608M 5,151M 5,172M 1,359M 1,209M 1,201M 1,147M 1,249M 1,486M 1,314M 1,180M 1,047M 841M 911M 673M 885M 677M 590M 471M 384M 231M 158M 151M 137M 101M 100M 91M
Gross Profit Margin 48.8% 48.6% 48.0% 48.6% 49.9% 50.4% 47.1% 50.6% 39.2% 38.1% 37.6% 34.5% 39.4% 43.9% 41.7% 43.8% 44.1% 40.9% 42.9% 35.0% 48.8% 45.4% 47.2% 49.9% 49.3% 49.5% 46.7% 48.5% 47.6% 47.0% 47.8% 50.2%
R&D Expenses 18M 29M 23M 26M 111M 163M 84M 99M 0M 0M 0M 0M 5M 23M 14M 17M 28M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 3,143M 3,114M 3,030M 3,027M 2,834M 2,712M 2,666M 2,775M 607M 612M 616M 717M 848M 913M 765M 429M 395M 506M 448M 440M 427M 353M 313M 247M 206M 102M 65M 50M 27M 17M 18M 15M
Operating Expenses 4,049M 3,926M 3,843M 3,845M 3,709M 2,892M 3,187M 3,545M 878M 874M 1,013M 1,261M 1,220M 1,312M 1,063M 1,004M 896M 837M 448M 440M 700M 576M 507M 399M 329M 195M 108M 103M 78M 42M 49M 39M
Operating Income (EBIT) 3,095M 3,290M 3,185M 3,353M 3,299M 3,716M 1,964M 1,627M 480M 334M 188M -114M 29M 173M 251M 176M 151M 4M 463M 233M 185M 101M 83M 72M 55M 36M 49M 48M 60M 60M 51M 52M
Operating Income Margin 21.1% 22.2% 21.7% 22.6% 23.5% 28.3% 18.0% 15.9% 13.9% 10.5% 5.9% -3.4% 0.9% 5.1% 8.0% 6.5% 6.4% 0.2% 21.8% 12.1% 10.2% 6.8% 6.6% 7.6% 7.1% 7.7% 14.6% 15.5% 20.7% 27.7% 24.5% 28.7%
Interest Income 32M 64M 41M 71M 66M 36M 44M 31M 7M 1M 4M 1M 7M 4M 4M 3M 3M 2M 2M 2M 2M 1M 2M 2M 1M 4M 5M 0M 0M 0M 0M 0M
Interest Expense 7M 8M 9M 11M 9M 20M 49M 67M 15M 16M 30M 34M 76M 83M 91M 60M 49M 51M 47M 34M 39M 44M 42M 32M 27M 23M 6M 7M 3M 2M 5M 5M
Net Interest Income 25M 56M 32M 60M 56M 16M -4M -36M -8M -15M -26M -33M -69M -79M -87M -58M -47M -49M -45M -33M -37M -43M -40M -30M -26M -19M -1M -7M -3M -2M -5M -5M
Unusual Items -282M -24M -297M -38M -57M -790M 171M 204M 10M 26M -5M 36M 65M 77M 27M 82M 300M 280M -218M -2M 48M 44M 40M 30M 26M 23M 0M 9M 6M 5M 12M 5M
EBT Excluding Unusual Items 3,120M 3,346M 3,216M 3,413M 3,355M 3,732M 1,960M 1,591M 472M 319M 162M -147M -40M 94M 163M 118M 104M -45M 418M 200M 148M 58M 43M 42M 29M 17M 49M 42M 57M 57M 46M 47M
Pre-Tax Income 2,838M 3,321M 2,920M 3,376M 3,299M 2,942M 2,131M 1,795M 482M 345M 157M -111M 25M 171M 190M 201M 404M 235M 200M 198M 196M 101M 83M 71M 55M 40M 49M 50M 63M 62M 58M 52M
Pre-Tax Margin 19.4% 22.4% 19.9% 22.8% 23.5% 22.4% 19.5% 17.6% 13.9% 10.9% 4.9% -3.3% 0.8% 5.0% 6.0% 7.4% 17.0% 11.4% 9.4% 10.3% 10.8% 6.8% 6.6% 7.6% 7.1% 8.6% 14.4% 16.1% 21.8% 28.9% 27.6% 28.6%
Income Tax Expense 773M 652M 671M 664M 712M 540M 378M 272M 61M 19M 17M 43M 57M 69M 67M 48M 47M 45M 34M 33M 40M 22M 17M 14M 11M 7M 8M 9M 12M 9M 9M 8M
Net Income 1,024M 1,324M 1,115M 1,337M 1,264M 1,166M 1,077M 1,043M 404M 329M 181M -66M 73M 159M 159M 154M 362M 181M 164M 159M 150M 79M 66M 56M 45M 34M 41M 42M 55M 53M 49M 44M
Net Income Margin 7.0% 8.9% 7.6% 9.0% 9.0% 8.9% 9.8% 10.2% 11.7% 10.4% 5.7% -2.0% 2.3% 4.7% 5.0% 5.7% 15.2% 8.8% 7.7% 8.3% 8.3% 5.3% 5.3% 5.9% 5.7% 7.3% 12.1% 13.4% 19.1% 24.5% 23.4% 24.4%
Depreciation & Amortization 367M 481M 476M 478M 473M 428M 414M 404M 174M 162M 176M 210M 226M 222M 212M 179M 168M 148M 130M 123M 125M 112M 101M 78M 68M 58M 37M 29M 19M 0M 0M 0M
EBITDA 3,462M 3,770M 3,661M 3,830M 3,772M 4,144M 2,378M 2,030M 654M 496M 364M 96M 255M 395M 462M 355M 319M 152M 593M 355M 310M 213M 184M 150M 123M 94M 86M 77M 79M 60M 51M 52M
EBITDA Margin 23.6% 25.4% 25.0% 25.9% 26.9% 31.6% 21.7% 19.9% 18.9% 15.6% 11.4% 2.9% 8.0% 11.7% 14.7% 13.2% 13.4% 7.4% 27.9% 18.5% 17.1% 14.3% 14.7% 15.8% 15.8% 20.0% 25.5% 24.8% 27.4% 27.7% 24.5% 28.7%
NOPAT 2,253M 2,644M 2,453M 2,693M 2,587M 3,034M 1,615M 1,380M 420M 316M 168M -90M -36M 103M 162M 133M 133M 3M 385M 194M 147M 79M 66M 58M 45M 30M 41M 40M 49M 51M 44M 44M
NOPAT Margin 15.4% 17.8% 16.8% 18.2% 18.4% 23.1% 14.8% 13.5% 12.1% 10.0% 5.3% -2.7% -1.1% 3.0% 5.2% 5.0% 5.6% 0.2% 18.1% 10.1% 8.1% 5.3% 5.3% 6.2% 5.7% 6.3% 12.2% 12.7% 16.9% 23.5% 20.8% 24.4%
Owner's Earnings 749M 669M 517M 895M 824M 869M 930M 1,317M 434M 168M 192M 15M 203M 294M 254M 136M 13M -7M -188M 58M 165M 58M 29M -4M -37M 53M 24M 19M 8M 53M 49M 44M
Owner's Earnings Margin 5.1% 4.5% 3.5% 6.0% 5.9% 6.6% 8.5% 12.9% 12.5% 5.3% 6.0% 0.5% 6.4% 8.7% 8.1% 5.0% 0.6% -0.3% -8.9% 3.0% 9.1% 3.9% 2.4% -0.4% -4.8% 11.3% 7.2% 6.1% 2.8% 24.5% 23.4% 24.4%
EPS (Basic) 2.12 2.73 2.30 2.76 2.61 2.41 2.23 2.15 0.83 0.68 0.37 -0.14 0.15 0.33 0.33 0.32 0.75 0.37 0.34 0.33 0.31 0.18 0.15 0.09 0.07 0.06 0.07 0.07 0.10 0.10 0.10 0.09
EPS (Diluted) 2.12 2.74 2.30 2.76 2.61 2.41 2.23 2.15 0.83 0.68 0.37 -0.14 0.15 0.33 0.33 0.32 0.75 0.37 0.34 0.33 0.31 0.16 0.14 0.11 0.09 0.07 0.08 0.09 0.11 0.11 0.10 0.09
Shares (Basic) 484M 484M 484M 484M 484M 484M 484M 484M 484M 484M 484M 469M 490M 481M 482M 480M 483M 484M 479M 483M 488M 483M 483M 483M 483M 483M 483M 483M 483M 483M 483M 483M
Shares (Diluted) 484M 484M 484M 484M 484M 484M 484M 484M 487M 485M 489M 469M 490M 481M 482M 480M 483M 490M 481M 483M 488M 483M 483M 483M 483M 483M 483M 483M 483M 483M 483M 483M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Cash & Cash Equivalents 3,407.52M 2,459.91M 1,081.66M 2,712.72M 3,397.88M 2,355.19M 1,955.98M 1,253.56M 966.66M 688.84M 267.84M 219.01M 124.46M 338.22M 459.53M 313.27M 237.19M 379.66M 265.85M 240.26M 184.57M 117.90M 124.48M 147.78M 131.27M 135.27M 225.70M 132.57M 83.17M 100.02M 4.61M 4.56M
Short-Term Investments 500.09M 500.10M 0.00M 360.20M 0.00M 501.09M 0.00M 0.00M 0.00M 0.00M 100.24M 38.12M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 7.64M 3.47M 13.51M 18.47M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 3,907.61M 2,960.01M 1,081.66M 3,072.92M 3,397.88M 2,856.28M 1,955.98M 1,253.56M 966.66M 688.84M 368.08M 257.13M 124.46M 338.22M 459.53M 313.27M 237.19M 379.66M 265.85M 240.26M 184.57M 117.90M 132.12M 151.25M 144.79M 153.75M 225.70M 132.57M 83.17M 100.02M 4.61M 4.56M
Net Receivables 349.36M 348.74M 91.01M 88.62M 83.13M 121.07M 193.10M 0.00M 67.05M 233.91M 93.93M 84.87M 40.47M 84.06M 96.54M 0.00M 0.00M 0.00M 0.00M 0.00M 38.59M 20.92M 30.48M 152.84M 103.47M 158.32M 77.50M 12.03M 27.36M 4.84M 6.78M 9.04M
Inventory 1,644.60M 1,783.75M 2,185.84M 2,100.35M 2,166.48M 1,886.75M 1,420.57M 364.38M 336.91M 631.31M 825.98M 1,074.50M 1,159.13M 1,244.56M 1,294.75M 967.07M 873.45M 774.38M 830.30M 650.84M 498.33M 436.18M 380.46M 307.23M 246.86M 209.13M 186.41M 122.19M 120.51M 105.43M 133.92M 92.94M
Other Current Assets 135.37M 139.53M 292.52M 188.32M 109.53M 140.40M 166.68M 61.41M 113.86M 251.27M 76.75M 37.42M 47.03M 0.00M 25.79M 0.00M 0.00M 0.00M 71.12M 42.75M 0.00M 32.32M 49.10M 78.64M 3.71M 84.67M 2.18M 101.35M 105.91M 109.22M 89.00M 44.00M
Total Current Assets 6,036.95M 5,232.02M 3,651.02M 5,450.21M 5,757.02M 5,004.51M 3,736.33M 1,679.36M 1,484.49M 1,805.34M 1,364.74M 1,453.92M 1,371.09M 1,666.84M 1,876.60M 1,280.35M 1,110.64M 1,154.05M 1,167.26M 933.85M 721.49M 607.32M 592.16M 689.95M 498.83M 605.86M 491.79M 368.15M 336.96M 319.50M 234.32M 150.53M
Property, Plant & Equipment 4,697.08M 4,783.33M 5,074.84M 4,610.99M 4,176.29M 3,906.38M 3,595.19M 1,166.17M 1,250.78M 1,353.29M 1,266.15M 1,494.96M 1,787.39M 1,943.53M 2,085.62M 1,753.23M 1,792.11M 1,563.61M 1,517.89M 1,074.22M 1,107.78M 1,162.26M 1,105.08M 1,074.47M 702.80M 567.11M 596.61M 435.66M 343.91M 205.72M 185.01M 147.20M
Goodwill 699.19M 699.19M 699.19M 699.19M 699.19M 699.19M 699.19M 699.19M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 19.04M 0.00M 0.00M 0.00M 0.00M 0.00M 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 650.96M 668.64M 650.63M 677.05M 685.17M 615.08M 588.27M 612.50M 253.90M 308.74M 363.81M 462.98M 498.02M 508.54M 521.98M 387.25M 397.27M 305.67M 313.51M 309.61M 144.88M 150.28M 137.00M 134.34M 138.38M 135.87M 143.78M 51.65M 43.96M 45.24M 46.53M 47.81M
Long-Term Investments 168.87M 179.04M 160.69M 157.23M 310.90M -247.56M 209.25M 257.66M 187.70M 133.71M 205.86M 201.76M 199.80M 157.45M 118.91M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.57M 10.13M -8.29M -12.17M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 903.68M 904.35M 703.47M 679.01M 732.41M 1,062.31M 840.76M 125.96M 114.46M 95.69M 63.17M 54.94M 47.08M 34.34M 28.29M 22.89M 11.28M 10.44M 5.20M 5.12M 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 0.04M 0.09M 0.48M 98.82M 89.54M 504.72M 4.98M 1.45M 4.46M 8.17M 134.49M 68.11M 18.93M 1.00M 0.05M 10.85M 10.60M 8.78M 9.15M 9.54M 7.39M 18.66M 8.33M 4.35M 15.51M 18.47M 5.92M 31.75M 17.46M 0.00M 0.00M 0.00M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 7,119.82M 7,234.64M 7,289.30M 6,922.31M 6,693.51M 6,540.13M 5,937.64M 2,862.92M 1,811.30M 1,899.61M 2,033.48M 2,282.75M 2,551.21M 2,644.86M 2,773.88M 2,174.22M 2,211.26M 1,888.50M 1,845.76M 1,398.49M 1,260.06M 1,331.20M 1,256.99M 1,223.30M 848.40M 709.28M 746.31M 519.05M 405.34M 250.96M 231.53M 195.01M
Total Assets 13,156.77M 12,466.66M 10,940.33M 12,372.52M 12,450.53M 11,544.64M 9,673.97M 4,542.28M 3,295.79M 3,704.95M 3,398.22M 3,736.67M 3,922.30M 4,311.70M 4,650.49M 3,454.57M 3,321.90M 3,042.55M 3,013.02M 2,332.34M 1,981.54M 1,938.52M 1,849.15M 1,913.25M 1,347.23M 1,315.15M 1,238.10M 887.20M 742.29M 570.47M 465.85M 345.54M
Accounts Payable 2,960.63M 2,961.99M 2,464.57M 2,607.63M 2,497.67M 2,212.69M 1,939.78M 1,205.50M 425.16M 502.79M 345.85M 293.53M 254.07M 172.40M 200.79M 211.01M 224.33M 184.65M 290.55M 161.68M 89.28M 106.90M 74.24M 57.57M 52.22M 53.02M 29.45M 57.17M 28.11M 33.41M 26.58M 17.92M
Short-Term Debt 45.10M 47.95M 49.64M 0.00M 0.00M 0.00M 0.00M 2.99M 242.90M 0.00M 6.56M 629.97M 753.11M 1,136.50M 1,473.25M 984.20M 895.50M 795.65M 841.80M 630.80M 573.55M 717.75M 749.80M 635.30M 387.43M 206.63M 355.30M 67.16M 67.36M 13.12M 74.14M 41.73M
Tax Payables 0.00M 557.71M 105.74M 28.88M 255.39M 395.93M 234.21M 47.97M 67.28M 44.81M 25.88M 34.52M 41.56M 52.98M 28.13M 8.12M 31.53M 28.38M 19.02M 8.04M 3.53M 8.58M 3.24M 17.92M 35.63M 38.88M 47.25M 32.82M 24.47M 2.80M 19.76M 14.22M
Deferred Revenue 1,711.50M 0.00M 0.00M 0.00M 1,614.04M 5,613.39M 4,411.51M 968.32M 67.28M 76.39M 1,081.80M 1,144.24M 1,094.27M 1,101.05M 995.41M 718.01M 642.13M 667.46M 563.05M 490.48M 356.06M 299.96M 257.44M 256.09M 183.70M 170.86M 184.07M 114.45M 72.39M 27.71M 83.66M 79.75M
Other Current Liabilities 2,628.43M 1,730.44M 1,811.69M 5,193.51M 5,341.99M 56.29M 560.41M 3,535.07M 1,025.54M 76.85M 1,009.55M 1,177.67M 1,193.28M 92.46M 134.42M 142.85M 193.59M 202.47M 92.32M 63.31M 445.58M 50.63M 19.26M 11.20M 34.69M 17.84M 0.19M -2.03M 20.54M 6.00M 0.00M 0.00M
Total Current Liabilities 7,345.66M 5,298.09M 4,431.65M 7,830.02M 9,709.09M 8,278.30M 7,145.91M 5,759.85M 1,828.15M 700.85M 2,469.64M 3,279.94M 3,336.29M 2,555.39M 2,832.00M 2,064.18M 1,987.09M 1,878.62M 1,806.73M 1,354.31M 1,468.00M 1,183.82M 1,103.98M 978.08M 693.67M 487.23M 616.26M 269.58M 212.87M 83.05M 204.13M 153.63M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 365.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 48.00M 101.00M 151.00M 210.00M 81.00M 55.00M 40.00M 55.00M 115.00M 99.30M 100.48M 34.07M 22.60M 31.63M 29.54M 59.16M 27.70M
Capital Lease Obligations 0.00M 91.24M 122.62M 121.37M 77.93M 16.95M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 5.53M 5.85M 6.51M 7.81M 42.69M 54.97M 36.83M 8.61M 2.41M -291.48M -291.48M 0.00M 6.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Liabilities 406.89M 407.60M 424.51M 423.85M 186.07M 195.53M 449.78M 937.09M 273.95M 521.93M 574.66M 289.93M 259.88M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3.05M 6.31M 9.34M 12.20M 0.00M 0.00M
Total Non-Current Liabilities 412.41M 504.69M 553.64M 553.02M 306.69M 267.46M 851.60M 945.70M 276.36M 230.45M 283.18M 289.93M 265.96M 0.00M 0.00M 48.00M 101.00M 151.00M 210.00M 81.00M 55.00M 40.00M 55.00M 115.00M 99.30M 100.48M 37.12M 28.91M 40.97M 41.74M 59.16M 27.70M
Total Liabilities 7,758.07M 5,802.78M 4,985.29M 8,383.04M 10,015.78M 8,545.76M 7,997.51M 6,705.55M 2,104.51M 931.30M 2,752.82M 3,569.87M 3,602.25M 2,555.39M 2,832.00M 2,112.18M 2,088.09M 2,029.62M 2,016.73M 1,435.31M 1,523.00M 1,223.82M 1,158.98M 1,093.08M 792.97M 587.70M 653.38M 298.49M 253.84M 124.79M 263.29M 181.33M
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 36.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 483.97M 372.29M 286.37M 256.31M 256.31M 256.31M 170.87M 170.87M 170.87M 170.87M 157.00M 157.00M 180.00M 180.00M
Retained Earnings 1,253.18M 877.23M 447.82M 1,414.31M 1,336.01M 1,040.35M -125.89M 709.70M 468.24M 451.43M 509.14M 425.17M 587.64M 809.04M 756.21M 700.15M 711.37M 536.76M 419.97M 291.80M 197.83M 77.15M 57.46M 55.96M 11.54M 1.53M 37.16M 35.50M 56.40M 46.09M 21.14M 2.35M
Accumulated OCI 265.52M 257.20M 253.43M 241.92M 236.17M 230.22M 227.21M 225.04M 196.52M 228.26M 236.84M 232.22M -36.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 2,226.81M 1,845.09M 1,268.44M 1,511.95M 1,566.87M 1,373.75M 983.55M 92.63M 16.87M 1.60M 12.33M 77.76M 142.42M 264.95M 368.65M 57.12M 74.37M 88.58M 58.37M 60.93M 61.28M 56.49M 73.74M 74.73M 88.29M 52.86M 38.09M 31.89M 36.86M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 2,002.68M 1,618.39M 1,185.22M 2,140.20M 2,056.16M 1,754.55M 585.29M 1,418.72M 1,148.73M 1,163.66M 1,229.95M 1,141.36M 1,071.61M 1,293.01M 1,240.18M 1,184.12M 1,195.34M 1,020.74M 903.94M 664.09M 484.21M 333.46M 313.77M 312.27M 182.41M 172.40M 208.03M 206.37M 213.40M 203.09M 201.14M 182.35M
Total Equity 4,229.49M 3,463.48M 2,453.66M 3,652.15M 3,623.02M 3,128.30M 1,568.84M 1,511.35M 1,165.59M 1,165.26M 1,242.28M 1,219.12M 1,214.04M 1,557.96M 1,608.83M 1,241.24M 1,269.71M 1,109.32M 962.31M 725.02M 545.48M 389.95M 387.51M 387.00M 270.71M 225.25M 246.12M 238.26M 250.26M 203.09M 201.14M 182.35M
Total Liabilities & Equity 11,987.56M 9,266.26M 7,438.94M 12,035.19M 13,638.80M 11,674.05M 9,566.35M 8,216.91M 3,270.11M 2,096.56M 3,995.10M 4,788.99M 4,816.29M 4,113.35M 4,440.84M 3,353.42M 3,357.80M 3,138.93M 2,979.04M 2,160.33M 2,068.48M 1,613.77M 1,546.49M 1,480.08M 1,063.68M 812.96M 899.50M 536.75M 504.09M 327.88M 464.43M 363.67M
Tangible Assets 11,806.61M 11,098.83M 9,590.50M 10,996.27M 11,066.16M 10,230.37M 8,386.51M 3,230.60M 3,041.88M 3,396.21M 3,034.41M 3,273.69M 3,424.28M 3,803.16M 4,109.47M 3,067.31M 2,924.63M 2,736.87M 2,699.51M 2,022.73M 1,836.67M 1,788.24M 1,712.14M 1,778.91M 1,208.85M 1,179.27M 1,094.31M 835.55M 698.33M 525.22M 419.32M 297.73M
Tangible Equity 2,879.33M 2,095.65M 1,103.83M 2,275.90M 2,238.66M 1,814.02M 281.38M 199.66M 911.69M 856.52M 878.47M 756.14M 716.02M 1,049.42M 1,067.81M 853.99M 872.44M 803.64M 648.80M 415.41M 400.61M 239.67M 250.51M 252.66M 132.32M 89.38M 102.33M 186.61M 206.30M 157.84M 154.62M 134.54M
Tangible Book Value 2,879.33M 2,095.65M 1,103.83M 2,275.90M 2,238.66M 1,814.02M 281.38M 199.66M 911.69M 856.52M 878.47M 756.14M 716.02M 1,049.42M 1,067.81M 853.99M 872.44M 803.64M 648.80M 415.41M 400.61M 239.67M 250.51M 252.66M 132.32M 89.38M 102.33M 186.61M 206.30M 157.84M 154.62M 134.54M
Total Investments 668.96M 679.14M 160.69M 531.83M 310.90M 253.53M 209.25M 257.66M 187.70M 133.71M 306.10M 239.89M 199.80M 157.45M 118.91M 10.85M 10.60M 8.78M 9.15M 9.37M 7.06M 18.16M 14.21M 13.60M 5.22M 6.31M 5.06M 30.77M 15.20M 0.00M 0.00M 0.00M
Net Debt -3,362.42M -2,411.96M -1,032.02M -2,712.72M -3,397.88M -2,355.19M -1,590.98M -1,250.57M -723.76M -688.84M -261.28M 410.95M 628.65M 798.28M 1,013.72M 718.93M 759.31M 566.99M 785.95M 471.54M 443.98M 639.85M 680.32M 602.51M 355.46M 171.83M 163.67M -42.81M 15.82M -57.36M 128.68M 64.88M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Working Capital -2,185.4M -3,052.9M -4,060.3M -2,717.1M -2,507.2M -2,889.7M -3,254.0M 206.9M -253.0M -100.2M -189.2M -743.7M -826.4M -844.9M -919.8M -645.9M -613.8M -444.9M -508.1M -335.3M -313.8M -538.8M -461.9M -382.0M -65.2M 20.7M -61.3M 140.9M 179.6M 274.6M 55.6M 29.6M
Total Capital 2,133.4M 1,757.6M 1,307.8M 2,261.6M 2,158.1M 1,793.8M 1,478.3M 1,421.7M 1,387.9M 1,455.1M 1,236.5M 1,771.3M 2,029.8M 2,671.5M 2,958.6M 2,455.3M 2,460.6M 2,150.6M 2,121.1M 1,633.0M 1,458.5M 1,453.6M 1,471.1M 1,401.9M 1,082.3M 898.0M 999.1M 689.6M 626.7M 532.5M 361.3M 266.4M
Capital Employed 4,934.5M 4,181.7M 3,229.0M 4,205.2M 4,186.3M 3,650.4M 2,683.7M 2,003.9M 1,558.3M 1,799.4M 1,844.3M 1,539.1M 1,724.8M 1,799.9M 1,854.0M 1,528.3M 1,597.4M 1,443.6M 1,337.6M 1,063.2M 946.2M 792.4M 795.0M 841.3M 783.2M 730.0M 685.0M 659.9M 585.0M 525.5M 287.1M 224.6M
Invested Capital -1,274.1M -702.3M 226.2M -451.1M -1,239.8M -561.4M -477.7M 168.1M 421.2M 766.3M 968.7M 1,552.3M 1,905.3M 2,333.3M 2,499.1M 2,142.1M 2,223.4M 1,771.0M 1,855.2M 1,392.8M 1,273.9M 1,335.7M 1,346.6M 1,254.1M 951.0M 762.8M 773.4M 557.1M 543.5M 432.4M 356.7M 261.8M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31
Net Income 768.25M 1,324.48M 2,249.38M 1,336.60M 2,586.90M 2,399.16M 1,752.32M 728.54M 421.26M 326.12M 139.94M -153.55M -31.50M 101.68M 123.18M 152.24M 356.73M 189.97M 165.99M 165.55M 154.10M 79.94M 66.04M 57.75M 44.82M 32.92M 44.38M 41.29M 64.39M
Depreciation & Amortization 155.57M 397.35M 575.92M 514.82M 504.41M 451.83M 413.79M 173.34M 173.57M 161.55M 176.08M 209.99M 225.98M 221.95M 211.56M 179.01M 167.58M 147.54M 129.64M 122.62M 125.14M 112.33M 101.04M 77.59M 67.85M 57.53M 36.66M 28.77M 19.33M
Deferred Income Tax 0.00M 170.20M 0.00M 0.00M 317.07M -203.40M -180.77M -115.72M -18.77M -32.52M -8.23M -13.94M 0.00M 0.00M 0.00M 0.00M 0.00M 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 13.35M 0.00M 9.25M 6.70M 0.00M 1.93M 10.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -154.93M -179.45M -310.50M -177.35M 643.97M 670.65M 1,627.79M -137.78M 121.77M 286.51M 86.77M 51.26M -4.74M 130.44M -274.38M -74.23M -72.61M 64.03M -172.83M -39.21M 34.35M 46.78M -33.12M 56.43M -20.82M -22.44M 11.34M -13.95M -54.82M
Accounts Receivable -262.99M -67.66M 20.32M -67.66M 23.26M -125.14M 1,729.10M -212.37M 25.79M -37.30M -43.78M -41.80M 2.12M 13.96M 69.91M 0.00M 0.00M 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 108.06M -111.79M -268.58M -111.79M -453.83M -634.85M -88.47M -102.10M -5.22M 154.99M 127.76M 5.95M -70.32M 13.71M -85.04M -132.57M -152.61M 14.20M -185.01M -178.63M -62.14M -55.72M -73.23M 16.39M -37.74M -22.72M -62.32M -23.66M 6.59M
Accounts Payable 0.00M 0.00M -31.43M -16.63M 757.47M 1,634.04M 167.93M 805.18M 119.97M 201.35M 11.01M 101.05M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M -62.24M 18.74M 317.07M -203.40M -180.77M -628.50M 126.99M 131.53M -41.00M 45.31M 65.58M 116.73M -189.34M 58.34M 79.99M 49.83M 12.19M 139.42M 96.50M 102.51M 40.12M 40.04M 16.92M 0.28M 73.66M 9.71M -61.41M
Other Non-Cash Items 2,240.55M 1,929.73M 27.25M 1,413.63M 17.37M 43.16M 74.67M 46.50M 27.78M 45.84M 166.64M 340.61M 224.43M 103.84M 105.97M 99.45M -117.20M 90.97M 62.89M 61.48M 41.76M 47.08M 45.24M 37.21M 32.42M 31.16M -5.18M 6.38M 2.19M
Net Cash from Operating Activities 3,009.43M 3,059.01M 2,542.05M 3,096.95M 3,752.65M 3,564.79M 3,689.73M 705.78M 744.38M 820.03M 569.43M 448.31M 414.17M 557.90M 166.33M 356.47M 334.49M 492.51M 185.69M 310.45M 355.35M 286.13M 179.21M 228.98M 124.28M 99.17M 87.19M 62.50M 31.09M
Capital Expenditures (PPE) -640.81M -1,135.87M -1,073.25M -919.40M -912.82M -725.34M -560.22M -129.46M -143.66M -322.72M -165.04M -128.92M -96.71M -86.26M -116.56M -196.99M -516.08M -335.85M -481.12M -224.15M -109.98M -133.26M -137.51M -137.14M -149.62M -38.86M -53.36M -51.59M -66.37M
Acquisitions (Net) 3.72M 5.14M 0.00M 5.86M 11.98M 9.14M -2,343.84M 151.64M 23.49M 66.40M 142.07M 60.39M 110.89M 0.00M 0.00M 0.00M 0.00M 144.09M 0.00M -2.23M 5.89M 1.09M 0.00M 1.40M 0.00M 0.00M 0.01M 0.00M 0.00M
Purchases of Investments -1,840.00M -990.00M -990.00M -360.00M -1,000.00M -2,000.00M -1,760.00M -1,820.00M -1,920.00M -2,150.00M -1,860.00M -379.00M -200.00M 0.00M 0.00M 0.00M 0.00M -0.20M 0.00M -8.92M -0.95M -24.50M -8.53M -34.23M 0.00M -29.00M -4.97M -15.92M -27.93M
Sales / Maturities of Investments 1,910.27M 863.51M 1,428.15M 222.57M 1,512.76M 1,564.44M 1,818.32M 1,904.86M 2,007.51M 2,352.15M 1,804.24M 343.60M 203.40M 1.93M 1.10M 2.11M 0.95M 1.50M 2.33M 0.77M 0.61M 6.27M 0.00M 3.41M 0.00M 0.00M 14.66M 0.00M 0.00M
Other Investing Activities 1.68M -582.93M 1.67M -218.63M 0.00M 0.00M 40.85M -129.46M 14.74M 60.63M 7.32M 3.05M -96.71M 3.61M 43.21M 133.40M 158.87M 2.49M 62.01M 1.55M 5.50M 0.84M -16.49M -56.50M 1.39M 3.75M 57.56M 0.54M 5.38M
Net Cash from Investing Activities -565.14M -1,257.20M -633.43M -1,269.61M -388.09M -1,151.75M -2,804.89M -22.43M -17.92M 6.46M -71.41M -100.88M -79.12M -80.72M -72.25M -61.49M -356.26M -187.98M -416.79M -232.98M -98.94M -149.56M -162.53M -223.06M -148.22M -64.11M 13.90M -66.97M -88.91M
Net Debt Issuance 0.00M 0.00M -62.56M -17.00M -33.73M -913.92M 785.67M 0.00M 0.00M -6.56M -623.41M -123.15M -383.39M -336.75M 24.05M -6.30M 91.85M -105.15M 340.00M 0.00M -129.20M -47.05M 0.00M 69.95M 91.47M -67.96M 4.71M -29.99M 30.41M
Long-Term Debt Issuance 0.00M 0.00M -62.56M -17.00M -33.73M -913.92M 890.00M 0.00M 0.00M -6.56M -623.41M -123.15M -383.39M -336.75M 24.05M -6.30M 91.85M -105.15M 340.00M 83.25M -129.20M -47.05M 54.50M 69.95M 91.47M -67.96M 4.71M -29.99M 30.41M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -104.33M 0.00M 0.00M -6.56M -623.41M -123.15M -383.39M -336.75M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -1,161.53M -2,613.44M -2,081.08M -1,258.33M -967.94M -12.18M -677.56M -387.18M -400.05M -397.42M -117.26M -129.73M -161.01M -180.02M -188.33M -206.98M -211.71M -92.12M -81.84M -97.94M -53.88M -96.10M -93.00M -59.47M -71.53M -57.52M -20.83M -23.82M -29.53M
Common Dividends Paid -1,161.53M -1,355.12M -2,081.08M -1,258.33M -967.94M -12.18M -1,335.36M -1,330.46M -400.05M -397.42M -117.26M -96.79M -96.79M -96.79M -96.79M -145.19M -145.19M -48.40M -18.61M -57.28M -53.88M -96.10M -51.26M -59.47M -71.53M -57.52M -20.83M -23.82M -29.53M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 12.88M 0.00M 0.00M -32.94M -64.22M -83.22M -91.53M -61.79M -66.52M 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 -1,111.75M -3,452.06M -1,384.11M -1,467.38M -1,131.82M -1,087.58M -37.94M 932.46M -61.46M 0.00M 291.48M 32.94M -2.43M -58.78M 191.53M -5.62M -0.85M -37.16M -64.70M 35.50M -6.66M 0.00M 11.68M -0.29M 0.00M 0.00M 2.90M 107.69M 20.66M
Net Cash from Financing Activities -2,273.28M -3,452.06M -3,527.75M -2,742.70M -2,133.49M -2,013.68M -587.63M -398.00M -448.63M -405.50M -449.19M -252.88M -546.83M -575.55M 27.25M -218.90M -120.70M -190.71M 256.68M -21.78M -189.74M -143.15M -39.58M 10.18M 19.94M -125.48M -13.21M 53.88M 21.54M
Effect of FX on Cash 5.79M -10.58M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 176.80M -1,670.08M -1,619.13M -696.73M 1,231.08M 399.36M 297.22M 285.35M 277.83M 420.99M 48.83M 94.55M -211.78M -98.37M 121.33M 76.08M -142.47M 113.82M 25.59M 55.68M 66.67M -6.58M -22.90M 16.11M -4.00M -90.42M 87.88M 49.40M -36.28M
Cash at Beginning of Period 8,538.83M 13,277.20M 2,700.08M 3,396.81M 2,165.73M 1,766.38M 1,469.16M 966.66M 688.84M 267.84M 219.01M 124.46M 336.24M 434.61M 313.27M 237.19M 379.66M 265.85M 240.26M 184.57M 117.90M 124.48M 147.38M 131.27M 135.27M 225.70M 137.81M 83.17M 119.46M
Cash at End of Period 8,715.63M 11,607.12M 1,080.95M 2,700.08M 3,396.81M 2,165.73M 1,766.38M 1,252.01M 966.66M 688.84M 267.84M 219.01M 124.46M 336.24M 434.61M 313.27M 237.19M 379.66M 265.85M 240.26M 184.57M 117.90M 124.48M 147.38M 131.27M 135.27M 225.70M 132.57M 83.17M
Operating Cash Flow 3,072.83M 3,059.01M 2,542.05M 3,096.95M 3,752.65M 3,564.79M 3,689.73M 705.78M 744.38M 820.03M 569.43M 448.31M 414.17M 557.90M 166.33M 356.47M 334.49M 492.51M 185.69M 310.45M 355.35M 286.13M 179.21M 228.98M 124.28M 99.17M 87.19M 62.50M 31.09M
Capital Expenditure -640.81M -1,135.87M -1,073.25M -919.40M -912.82M -725.34M -560.22M -129.46M -143.66M -322.72M -165.04M -128.92M -96.71M -86.26M -116.56M -196.99M -516.08M -335.85M -481.12M -224.15M -109.98M -133.26M -137.51M -137.14M -149.62M -38.86M -53.36M -51.59M -66.37M
Free Cash Flow 2,368.62M 1,922.85M 1,468.80M 2,177.54M 2,839.83M 2,839.45M 3,129.52M 576.32M 600.72M 497.31M 404.39M 319.39M 317.47M 471.64M 49.77M 159.48M -181.58M 156.65M -295.43M 86.30M 245.37M 152.87M 41.70M 91.85M -25.34M 60.31M 33.84M 10.91M -35.28M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31
EBITDA 4,349.89M 4,553.51M 4,451.51M 4,621.56M 4,535.95M 4,160.66M 2,813.70M 2,701.97M 924.92M 758.31M 760.79M 640.37M 621.88M 771.49M 745.76M 912.76M 791.69M 482.55M 592.51M 355.20M 582.78M 436.70M 377.89M 301.43M 246.13M 186.55M 129.24M 129.76M 130.03M
(-) Tax Adjustment 1,184.19M 894.11M 1,022.27M 909.23M 978.82M 763.72M 499.77M 409.23M 117.02M 41.49M 81.69M 0.00M 217.66M 270.02M 261.02M 220.15M 92.75M 92.71M 100.08M 58.76M 118.71M 92.64M 77.37M 57.53M 46.88M 33.43M 21.88M 23.22M 23.84M
(-) Change In Working Capital -154.93M -179.45M -310.50M -177.35M 643.97M 670.65M 1,627.79M -137.78M 121.77M 286.51M 86.77M 51.26M -4.74M 130.44M -274.38M -74.23M -72.61M 64.03M -172.83M -39.21M 34.35M 46.78M -33.12M 56.43M -20.82M -22.44M 11.34M -13.95M -54.82M
(-) Capital Expenditure -640.81M -1,135.87M -1,073.25M -919.40M -912.82M -725.34M -560.22M -129.46M -143.66M -322.72M -165.04M -128.92M -96.71M -86.26M -116.56M -196.99M -516.08M -335.85M -481.12M -224.15M -109.98M -133.26M -137.51M -137.14M -149.62M -38.86M -53.36M -51.59M -66.37M
Unlevered Free Cash Flow 2,679.82M 2,702.98M 2,666.50M 2,970.27M 2,000.33M 2,000.96M 125.93M 2,301.05M 542.47M 107.60M 427.29M 460.18M 312.25M 284.77M 642.57M 569.84M 255.47M -10.04M 184.13M 111.50M 319.74M 164.02M 196.13M 50.33M 70.45M 136.70M 42.66M 68.90M 94.65M
(-) Net Interest Income After Taxes 18.27M 44.97M 24.62M 48.55M 44.21M 12.89M -3.37M -30.71M -7.31M -14.16M -23.19M -32.86M -44.56M -51.59M -56.87M -43.71M -41.10M -39.34M -37.59M -27.26M -29.30M -34.07M -31.89M -24.35M -20.94M -15.87M -0.64M -5.56M -2.20M
Net Debt Issuance 0.00M 0.00M -62.56M -17.00M -33.73M -913.92M 785.67M 0.00M 0.00M -6.56M -623.41M -123.15M -383.39M -336.75M 24.05M -6.30M 91.85M -105.15M 340.00M 0.00M -129.20M -47.05M 0.00M 69.95M 91.47M -67.96M 4.71M -29.99M 30.41M
Levered Free Cash Flow 2,661.55M 2,658.02M 2,579.32M 2,904.72M 1,922.40M 1,074.14M 914.97M 2,331.76M 549.78M 115.19M -172.93M 369.90M -26.57M -0.38M 723.49M 607.25M 388.42M -75.85M 561.72M 138.76M 219.84M 151.05M 228.02M 144.63M 182.86M 84.61M 48.02M 44.47M 127.27M