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Definitive Analysis

Financial Statements

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Ticker

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Page: Company Financials

China Design Group Co., Ltd.

Ticker: 603018.SS | Industry: Engineering & Construction | Sector: Industrials
$8.20 +0.10 (1.23%)
As of: 2026-01-29

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Stock Price 8.02 8.43 8.46 8.38 8.49 9.25 8.46 7.94 10.22 10.10 11.13 7.90 7.36
Market Capitalization 5,263.20M 5,604.58M 5,626.08M 5,592.59M 5,666.16M 6,132.02M 5,528.47M 5,191.68M 5,669.80M 6,478.27M 7,318.86M 3,865.06M 3,544.08M
(-) Cash & Equivalents 1,368.48M 1,660.21M 1,607.28M 1,262.73M 1,258.15M 1,288.20M 883.24M 659.54M 490.40M 467.22M 421.06M 472.91M -0.83M
(+) Total Debt 776.16M 774.92M 560.80M 310.43M 413.07M 373.86M 347.97M 449.30M 218.83M 182.26M 209.76M 237.52M 73.75M
Enterprise Value 4,670.88M 4,719.29M 4,579.59M 4,640.29M 4,821.08M 5,217.68M 4,993.20M 4,981.44M 5,398.23M 6,193.31M 7,107.56M 3,629.67M 3,618.66M

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
Revenue 4,279M 4,829M 4,428M 5,353M 5,839M 5,822M 5,354M 4,688M 4,198M 2,776M 1,991M 1,397M 1,261M 1,146M 1,048M 849M
Cost of Revenue 2,764M 2,958M 2,780M 3,265M 3,681M 3,967M 3,588M 3,225M 3,097M 1,897M 1,315M 849M 755M 671M 585M 466M
Gross Profit 1,515M 1,871M 1,648M 2,088M 2,157M 1,855M 1,766M 1,463M 1,101M 879M 676M 548M 505M 475M 463M 383M
Gross Profit Margin 35.4% 38.7% 37.2% 39.0% 36.9% 31.9% 33.0% 31.2% 26.2% 31.7% 33.9% 39.2% 40.1% 41.5% 44.2% 45.1%
R&D Expenses 199M 235M 201M 249M 314M 254M 225M 191M 47M 26M 58M 53M 0M 38M 0M 0M
SG&A Expenses 94M 852M 272M 290M 412M 339M 323M 265M 256M 232M 193M 166M 140M 132M 118M 111M
Operating Expenses 1,097M 1,219M 1,183M 1,260M 1,110M 869M 815M 662M 471M 409M 369M 304M 256M 241M 249M 232M
Operating Income (EBIT) 419M 652M 465M 828M 1,048M 986M 950M 801M 630M 470M 307M 244M 249M 234M 214M 150M
Operating Income Margin 9.8% 13.5% 10.5% 15.5% 17.9% 16.9% 17.7% 17.1% 15.0% 16.9% 15.4% 17.5% 19.8% 20.4% 20.4% 17.7%
Interest Income 28M 21M 28M 12M 23M 25M 21M 7M 4M 4M 3M 3M 2M 2M 1M 2M
Interest Expense 31M 29M 32M 21M 15M 19M 15M 16M 21M 10M 8M 9M 13M 10M 8M 5M
Net Interest Income -4M -8M -4M -9M 8M 6M 6M -9M -17M -6M -5M -6M -10M -8M -7M -3M
Unusual Items -3M 17M -2M 4M -237M -255M -258M -176M -141M -109M -49M -49M -43M -46M -40M 3M
EBT Excluding Unusual Items 415M 644M 461M 819M 1,056M 992M 956M 792M 613M 464M 302M 238M 239M 226M 207M 147M
Pre-Tax Income 412M 662M 460M 823M 818M 737M 698M 616M 472M 355M 253M 189M 196M 180M 167M 150M
Pre-Tax Margin 9.6% 13.7% 10.4% 15.4% 14.0% 12.7% 13.0% 13.1% 11.2% 12.8% 12.7% 13.5% 15.6% 15.7% 16.0% 17.7%
Income Tax Expense 60M 95M 67M 109M 109M 101M 93M 83M 66M 54M 40M 28M 30M 30M 31M 28M
Net Income 336M 579M 383M 698M 684M 618M 583M 518M 396M 297M 210M 160M 166M 150M 136M 117M
Net Income Margin 7.9% 12.0% 8.6% 13.0% 11.7% 10.6% 10.9% 11.0% 9.4% 10.7% 10.5% 11.5% 13.2% 13.1% 13.0% 13.8%
Depreciation & Amortization 0M 56M 82M 98M 83M 62M 65M 69M 63M 43M 32M 29M 19M 14M 15M 12M
EBITDA 419M 708M 546M 926M 1,130M 1,047M 1,015M 870M 692M 513M 339M 273M 268M 248M 229M 162M
EBITDA Margin 9.8% 14.7% 12.3% 17.3% 19.4% 18.0% 19.0% 18.6% 16.5% 18.5% 17.0% 19.5% 21.3% 21.7% 21.8% 19.1%
NOPAT 357M 559M 397M 718M 909M 851M 823M 693M 542M 399M 258M 207M 211M 195M 175M 122M
NOPAT Margin 8.3% 11.6% 9.0% 13.4% 15.6% 14.6% 15.4% 14.8% 12.9% 14.4% 13.0% 14.8% 16.7% 17.0% 16.7% 14.4%
Owner's Earnings 254M 572M 386M 749M 704M 648M 579M 551M 387M 271M 184M 140M 130M 50M 78M 110M
Owner's Earnings Margin 5.9% 11.9% 8.7% 14.0% 12.1% 11.1% 10.8% 11.7% 9.2% 9.7% 9.2% 10.0% 10.3% 4.3% 7.4% 13.0%
EPS (Basic) 0.51 0.87 0.56 1.01 1.00 0.92 0.88 0.78 0.60 0.45 0.32 0.24 0.31 0.30 0.28 0.24
EPS (Diluted) 0.48 0.87 0.55 1.01 0.99 0.92 0.88 0.78 0.60 0.45 0.32 0.24 0.31 0.37 0.33 0.29
Shares (Basic) 659M 665M 683M 691M 684M 669M 664M 661M 662M 656M 655M 656M 534M 492M 492M 493M
Shares (Diluted) 699M 665M 696M 691M 691M 669M 664M 661M 663M 659M 655M 656M 534M 410M 410M 411M

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
Cash & Cash Equivalents 1,484.72M 1,255.37M 1,876.11M 2,115.52M 1,726.10M 1,709.22M 1,556.26M 1,486.05M 1,083.60M 897.21M 745.96M 533.91M 590.12M 359.04M 362.35M 198.53M
Short-Term Investments 190.00M 388.00M 398.00M 150.00M 0.00M 2.00M 8.90M 7.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 1,674.72M 1,643.37M 2,274.11M 2,265.52M 1,726.10M 1,711.22M 1,565.16M 1,493.05M 1,083.60M 897.21M 745.96M 533.91M 590.12M 359.04M 362.35M 198.53M
Net Receivables 8,057.36M 7,869.17M 8,121.76M 8,421.42M 7,866.71M 6,710.17M 5,541.88M 4,538.82M 3,601.30M 2,649.94M 2,126.50M 1,774.06M 1,385.04M 1,193.68M 923.31M 0.00M
Inventory 270.48M 269.90M 257.96M 292.93M 312.16M 375.20M 458.71M 634.40M 561.91M 563.77M 437.27M 411.52M 301.39M 293.73M 286.05M 265.79M
Other Current Assets 17.73M 13.74M 16.15M 572.72M 0.00M 531.78M 452.87M 321.32M 293.18M 225.96M 190.82M 170.03M 0.00M 89.08M 74.71M 737.88M
Total Current Assets 10,020.29M 9,796.18M 10,669.98M 11,552.59M 9,904.97M 9,328.38M 8,018.61M 6,987.59M 5,540.00M 4,336.87M 3,500.55M 2,889.53M 2,276.55M 1,935.53M 1,646.43M 1,202.20M
Property, Plant & Equipment 559.59M 550.95M 548.30M 472.91M 468.33M 433.96M 387.29M 389.06M 417.48M 412.86M 375.00M 350.66M 333.27M 255.55M 170.72M 75.33M
Goodwill 103.86M 103.86M 103.86M 103.86M 103.86M 103.86M 103.86M 103.86M 75.36M 75.36M 75.36M 49.59M 13.12M 13.12M 13.12M 13.12M
Intangible Assets 74.24M 63.15M 64.88M 66.15M 66.53M 45.09M 46.21M 49.37M 56.11M 50.44M 52.10M 48.85M 48.50M 58.81M 58.28M 58.75M
Long-Term Investments 682.75M 654.53M 262.16M 638.22M 613.16M 454.07M 322.84M 273.60M 555.98M 299.28M 293.53M 228.63M 69.80M 44.59M 39.60M 0.00M
Tax Assets 389.79M 382.37M 373.57M 325.05M 272.04M 232.15M 190.38M 144.34M 112.08M 82.82M 61.67M 48.72M 33.74M 25.04M 18.48M 10.98M
Other Non-Current Assets 55.25M 81.37M 485.76M 53.37M 46.47M 92.61M 136.72M 126.46M 1.56M 6.84M 18.63M 50.42M 42.09M 0.91M 0.00M 35.08M
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
Total Non-Current Assets 1,865.48M 1,836.23M 1,838.53M 1,659.56M 1,570.39M 1,361.75M 1,187.30M 1,086.68M 1,218.58M 927.60M 876.28M 776.88M 540.52M 398.02M 300.20M 193.26M
Total Assets 11,885.77M 11,632.41M 12,508.51M 13,212.15M 11,475.36M 10,690.13M 9,205.91M 8,074.27M 6,758.58M 5,264.48M 4,376.84M 3,666.41M 2,817.06M 2,333.54M 1,946.62M 1,395.46M
Accounts Payable 3,778.96M 3,727.40M 4,073.95M 3,925.11M 3,602.30M 3,174.23M 2,623.62M 2,181.35M 1,647.12M 1,055.51M 756.62M 654.47M 570.08M 498.38M 515.93M 401.97M
Short-Term Debt 468.78M 288.73M 210.06M 156.86M 204.20M 303.32M 232.23M 330.89M 334.00M 218.30M 210.00M 212.00M 10.02M 150.00M 140.00M 105.00M
Tax Payables 0.00M 294.53M 419.95M 126.35M 419.88M 380.73M 316.49M 226.98M 139.00M 108.75M 87.91M 55.02M 44.28M 51.70M 36.87M 30.43M
Deferred Revenue 1,052.52M 0.00M 0.00M 0.00M 1,086.45M 3,104.50M 2,824.53M 1,554.07M 139.00M 1,041.32M 802.40M 588.03M 436.19M 474.22M 426.63M 248.46M
Other Current Liabilities 279.12M 1,173.69M 1,221.03M 1,387.82M 3,368.05M 87.28M 1,095.89M 1,064.90M 2,097.72M 1,803.23M 1,395.35M 1,098.25M 851.15M 818.98M 272.27M 246.88M
Total Current Liabilities 5,579.38M 5,484.35M 5,924.99M 5,596.14M 8,680.88M 7,050.06M 7,092.75M 5,358.18M 4,356.85M 4,227.11M 3,252.28M 2,607.77M 1,911.72M 1,993.29M 1,391.71M 1,032.74M
Long-Term Debt 397.21M 395.07M 386.85M 372.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.01M 0.03M 145.00M 60.00M 0.00M
Capital Lease Obligations 0.00M 64.58M 70.66M 63.38M 61.52M 23.48M 25.54M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 8.22M 8.37M 8.70M 9.22M 9.80M 10.40M 11.02M 11.58M 12.22M 12.89M 13.58M 11.83M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 0.70M 1.02M 0.81M 1.00M 1.19M 0.70M -25.35M 0.00M 0.00M 0.00M 0.00M 3.75M 0.00M 4.03M 2.08M 0.00M
Total Non-Current Liabilities 406.13M 469.04M 467.02M 445.81M 72.51M 34.58M 11.21M 11.58M 12.22M 12.89M 13.58M 15.59M 0.03M 149.03M 62.08M 0.00M
Total Liabilities 5,985.51M 5,953.39M 6,392.01M 6,041.95M 8,753.39M 7,084.63M 7,103.96M 5,369.76M 4,369.07M 4,240.01M 3,265.86M 2,623.36M 1,911.75M 2,142.31M 1,453.79M 1,032.74M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 683.80M 683.79M 683.79M 683.78M 683.78M 668.62M 557.18M 464.37M 313.80M 211.52M 208.00M 104.00M 104.00M 78.00M 78.00M 78.00M
Retained Earnings 3,722.49M 3,637.86M 3,606.82M 3,430.77M 2,914.64M 2,469.59M 2,040.51M 1,620.52M 1,269.36M 998.49M 793.25M 652.38M 528.52M 414.62M 278.03M 156.35M
Accumulated OCI 938.39M 442.19M 26.33M 26.34M 293.05M 279.39M 185.44M 123.34M 92.25M 46.57M 71.84M 54.84M 0.00M 0.00M 0.00M 0.00M
Minority Interest 95.03M 92.90M 93.41M 97.55M 90.87M 108.83M 95.75M 64.00M 52.98M 35.72M 31.86M 0.82M 0.52M 0.53M 0.53M 0.55M
Total Shareholders’ Equity 5,344.68M 4,763.84M 4,316.94M 4,140.89M 3,891.48M 3,417.60M 2,783.13M 2,208.23M 1,675.41M 1,256.58M 1,073.09M 811.22M 632.52M 492.62M 356.03M 234.35M
Total Equity 5,439.71M 4,856.75M 4,410.35M 4,238.44M 3,982.35M 3,526.43M 2,878.88M 2,272.23M 1,728.39M 1,292.30M 1,104.95M 812.04M 633.04M 493.15M 356.56M 234.90M
Total Liabilities & Equity 11,425.22M 10,810.14M 10,802.37M 10,280.39M 12,735.74M 10,611.06M 9,982.85M 7,641.99M 6,097.46M 5,532.31M 4,370.81M 3,435.40M 2,544.79M 2,635.46M 1,810.35M 1,267.64M
Tangible Assets 11,707.67M 11,465.40M 12,339.77M 13,042.14M 11,304.97M 10,541.18M 9,055.85M 7,921.04M 6,627.11M 5,138.67M 4,249.38M 3,567.96M 2,755.44M 2,261.62M 1,875.23M 1,323.59M
Tangible Equity 5,261.61M 4,689.74M 4,241.61M 4,068.43M 3,811.96M 3,377.48M 2,728.82M 2,119.00M 1,596.92M 1,166.50M 977.49M 713.60M 571.41M 421.22M 285.16M 163.03M
Tangible Book Value 5,261.61M 4,689.74M 4,241.61M 4,068.43M 3,811.96M 3,377.48M 2,728.82M 2,119.00M 1,596.92M 1,166.50M 977.49M 713.60M 571.41M 421.22M 285.16M 163.03M
Total Investments 872.75M 388.00M 660.16M 788.22M 613.16M 456.07M 331.74M 280.60M 555.98M 299.28M 293.53M 228.63M 69.80M 44.59M 39.60M 0.00M
Net Debt -618.73M -571.57M -1,279.20M -1,586.45M -1,521.90M -1,405.90M -1,324.03M -1,155.16M -749.60M -678.91M -535.96M -321.91M -580.06M -64.04M -162.35M -93.53M

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
Working Capital 3,969.1M 3,933.3M 3,898.4M 3,848.8M 2,984.6M 2,659.9M 2,275.0M 1,856.5M 1,322.2M 1,264.8M 1,074.3M 983.7M 1,084.9M 468.2M 329.2M 237.6M
Total Capital 6,199.3M 5,955.8M 5,844.0M 5,557.4M 4,686.5M 4,217.1M 3,587.6M 3,198.5M 2,809.3M 2,361.5M 2,112.1M 1,956.2M 1,630.4M 1,011.6M 766.8M 535.4M
Capital Employed 5,834.6M 5,769.5M 5,737.0M 5,508.3M 4,555.0M 4,021.6M 3,462.3M 2,943.2M 2,540.7M 2,192.4M 1,950.5M 1,760.6M 1,625.4M 866.2M 629.4M 430.9M
Invested Capital 4,714.6M 4,700.5M 3,967.9M 3,441.9M 2,960.4M 2,507.9M 2,031.3M 1,712.4M 1,725.7M 1,464.2M 1,366.1M 1,422.3M 1,040.2M 652.6M 404.4M 336.8M

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
Net Income 142.52M 579.46M 392.20M 697.84M 709.69M 636.53M 604.58M 532.81M 405.83M 301.21M 212.43M 160.32M 165.96M 149.90M 136.45M 121.84M
Depreciation & Amortization 0.00M 68.86M 81.67M 98.31M 76.66M 54.81M 50.91M 242.24M 54.89M 44.79M 34.28M 28.90M 18.58M 14.36M 14.96M 11.90M
Deferred Income Tax 0.00M 1,007.59M 0.00M -53.60M -40.47M -42.40M -46.60M -32.90M -29.94M -21.76M -9.96M -22.88M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 34.30M 0.00M 0.00M 37.76M 0.10M 0.21M 0.56M 8.05M 4.24M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -210.34M -1,251.43M -471.26M -644.41M -592.55M -578.75M -535.35M -389.68M -313.37M -185.24M -38.75M -135.31M -240.33M -197.83M -47.00M -182.94M
Accounts Receivable -201.95M -1,351.99M -45.56M -1,082.59M -1,231.17M -1,506.00M -1,413.30M -1,203.81M -1,325.21M -643.75M -357.90M -255.45M -267.44M -354.19M -386.27M 0.00M
Inventory -8.38M 74.60M 61.09M 23.09M 69.86M 87.01M 159.78M -94.12M -15.88M -133.22M -38.58M -97.70M -13.35M -8.12M -22.61M -55.95M
Accounts Payable 0.00M 0.00M -486.79M 468.69M 609.24M 882.64M 764.77M 941.16M 1,057.65M 613.48M 367.68M 240.73M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 25.96M 0.00M -53.60M -40.47M -42.40M -46.60M -32.90M -297.49M -52.03M -0.17M -37.60M -226.98M -189.71M -24.39M -126.99M
Other Non-Cash Items -355.69M -234.50M 304.04M 401.31M 298.44M 321.76M 330.45M 51.23M 179.37M 129.53M 64.51M 63.80M 64.26M 60.35M 50.04M 17.35M
Net Cash from Operating Activities -423.50M 342.98M 306.65M 499.46M 489.53M 392.06M 404.21M 404.26M 326.71M 290.29M 272.48M 117.71M 8.47M 26.78M 154.45M -31.84M
Capital Expenditures (PPE) -82.47M -63.26M -78.27M -46.86M -62.01M -31.88M -69.22M -35.86M -72.15M -69.08M -57.62M -49.30M -54.83M -114.38M -73.63M -18.80M
Acquisitions (Net) 8.64M 0.05M -1.75M 0.00M 2.22M 32.16M -50.17M 18.86M -8.59M -10.80M -49.21M -265.60M 54.83M 0.00M 0.00M -9.04M
Purchases of Investments -641.00M -284.81M -502.22M -262.60M -229.36M -133.25M -1,154.81M -1,167.46M -1,486.20M -1,325.14M -391.69M -591.40M -162.84M 0.00M 0.00M -88.50M
Sales / Maturities of Investments 639.07M 208.14M 209.79M 50.03M 105.44M 30.46M 1,177.45M 1,315.26M 1,405.84M 1,274.55M 500.70M 569.37M 0.21M 0.01M 0.71M 88.66M
Other Investing Activities 1.91M 100.61M 1.67M 23.93M 0.00M -31.88M 0.79M 3.40M 0.21M 0.41M 2.26M 1.76M -54.83M 0.39M 0.41M 0.38M
Net Cash from Investing Activities -73.84M -153.53M -370.78M -235.51M -183.71M -134.39M -95.98M 134.19M -160.88M -130.04M 4.45M -335.18M -217.46M -113.98M -72.51M -27.30M
Net Debt Issuance -81.16M 91.95M 53.10M 347.28M -99.00M -10.25M -98.89M -3.11M 115.70M 0.00M -2.02M 201.98M -285.00M 94.97M 95.12M 70.00M
Long-Term Debt Issuance -83.32M 91.95M 53.10M 347.28M -99.00M -10.25M -98.89M -3.11M 115.70M 8.29M -2.02M 201.98M -285.00M 94.97M 95.12M 70.00M
Short-Term Debt Issuance 2.16M 0.00M 0.00M 0.00M 0.00M -81.75M 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 -52.53M 0.00M 0.00M -9.30M -44.39M -30.03M 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 62.49M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M -52.53M 0.00M -30.16M -9.30M -44.39M -60.03M 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
Net Dividends Paid -79.49M -393.31M -220.42M -185.97M -177.78M -139.31M -116.09M -119.22M -112.19M -76.50M -61.11M -45.92M -51.86M -10.88M -11.94M -32.11M
Common Dividends Paid -79.49M -393.31M -220.42M -185.97M -189.68M -160.97M -131.51M -147.10M -112.19M -76.50M -61.07M -45.92M -51.86M -10.88M -11.94M -32.11M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 11.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 12.86M 0.00M 0.00M 0.00M
Other Financing Activities -66.30M 88.91M -30.03M -49.95M -15.19M 82.87M 12.99M 44.11M 17.68M 70.79M -0.04M 0.00M 763.95M 0.00M 1.50M -10.20M
Net Cash from Financing Activities -226.95M -215.86M -249.89M 111.36M -291.97M -97.65M -261.79M -136.13M 21.19M -5.71M -63.14M 156.05M 439.95M 84.09M 84.68M 27.69M
Effect of FX on Cash 6.15M -0.02M 0.10M 0.04M 0.20M -0.05M 0.00M 0.03M 0.11M -0.13M 0.07M 0.02M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 197.69M -31.92M -313.91M 377.71M 14.05M 159.96M 46.44M 402.35M 187.13M 154.41M 213.86M -61.39M 230.96M -3.12M 166.62M -31.45M
Cash at Beginning of Period 5,669.49M 6,874.53M 2,080.33M 1,702.61M 1,688.56M 1,528.60M 1,482.16M 1,079.80M 892.67M 738.27M 524.41M 585.80M 354.84M 357.95M 191.33M 222.78M
Cash at End of Period 5,867.18M 6,875.49M 1,766.42M 2,080.33M 1,702.61M 1,688.56M 1,528.60M 1,482.16M 1,079.80M 892.67M 738.27M 524.41M 585.80M 354.84M 357.95M 191.33M
Operating Cash Flow -426.34M 342.98M 306.65M 499.46M 489.53M 392.06M 404.21M 404.26M 326.71M 290.29M 272.48M 117.71M 8.47M 26.78M 154.45M -31.84M
Capital Expenditure -82.47M -63.26M -78.27M -46.86M -62.01M -31.88M -69.22M -35.86M -72.15M -69.08M -57.62M -49.30M -54.83M -114.38M -73.63M -18.80M
Free Cash Flow 409.86M 279.72M 228.38M 452.59M 427.53M 360.18M 334.99M 368.39M 254.56M 221.21M 214.86M 68.41M -46.35M -87.60M 80.82M -50.64M

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
EBITDA 1,222.92M 840.57M 1,256.17M 1,647.35M 1,514.40M 1,323.70M 1,282.74M 1,075.28M 861.29M 664.46M 456.94M 358.25M 384.14M 320.05M 360.63M 283.40M
(-) Tax Adjustment 179.57M 120.15M 184.37M 218.89M 200.93M 181.07M 171.04M 145.06M 120.28M 100.26M 72.75M 54.01M 59.50M 53.39M 66.43M 53.20M
(-) Change In Working Capital -210.34M -1,251.43M -471.26M -644.41M -592.55M -578.75M -535.35M -389.68M -313.37M -185.24M -38.75M -135.31M -240.33M -197.83M -47.00M -182.94M
(-) Capital Expenditure -82.47M -63.26M -78.27M -46.86M -62.01M -31.88M -69.22M -35.86M -72.15M -69.08M -57.62M -49.30M -54.83M -114.38M -73.63M -18.80M
Unlevered Free Cash Flow 1,171.22M 1,908.59M 1,464.79M 2,026.01M 1,844.01M 1,689.50M 1,577.83M 1,284.03M 982.23M 680.37M 365.33M 390.24M 510.14M 350.11M 267.57M 394.34M
(-) Net Interest Income After Taxes -3.18M -6.47M -3.09M -7.95M 7.03M 5.45M 4.98M -8.14M -14.44M -5.28M -4.61M -5.07M -8.69M -6.37M -5.49M -2.69M
Net Debt Issuance -81.16M 91.95M 53.10M 347.28M -99.00M -10.25M -98.89M -3.11M 115.70M 0.00M -2.02M 201.98M -285.00M 94.97M 95.12M 70.00M
Levered Free Cash Flow 1,093.24M 2,007.00M 1,520.98M 2,381.24M 1,737.98M 1,673.80M 1,473.96M 1,289.06M 1,112.37M 685.65M 367.92M 597.29M 233.84M 451.46M 368.18M 467.02M