Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

PT Bank Mandiri (Persero) Tbk

Ticker: BMRI.JK | Industry: Banks - Regional | Sector: Financial Services
$4,560.00 -10.00 (-0.22%)
As of: 2026-01-28

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Stock Price 4,826.67 6,443.75 5,628.13 4,396.88 3,153.13 2,614.38 3,759.38 3,575.00 3,368.75 2,662.50 2,481.25 2,532.81 2,162.50 1,896.88 1,690.63
Market Capitalization 450,487,423.28M 601,416,664.52M 525,289,355.21M 410,240,739.90M 294,067,960.13M 243,865,058.23M 350,874,183.16M 333,666,471.43M 314,416,660.21M 248,499,671.20M 231,626,187.83M 236,438,439.77M 201,900,811.14M 177,041,178.52M 157,290,931.87M
(-) Cash & Equivalents 178,421,024.00M 224,798,893.50M 205,694,600.50M 192,237,584.00M 182,782,183.25M 178,967,745.50M 137,537,286.75M 142,662,235.50M 163,444,806.75M 144,960,138.00M 140,516,031.50M 126,235,055.50M 114,214,259.50M 98,741,957.75M 27,180,021.75M
(+) Total Debt 254,512,955.33M 244,416,043.75M 156,316,076.50M 99,879,790.50M 92,892,593.50M 94,793,638.75M 80,641,218.50M 65,319,432.75M 50,441,217.75M 42,191,260.50M 30,012,008.00M 23,243,887.00M 19,932,533.00M 16,937,240.75M 4,388,824.00M
Enterprise Value 526,579,354.61M 621,033,814.77M 475,910,831.21M 317,882,946.40M 204,178,370.38M 159,690,951.48M 293,978,114.91M 256,323,668.68M 201,413,071.21M 145,730,793.70M 121,122,164.33M 133,447,271.27M 107,619,084.64M 95,236,461.52M 134,499,734.12M

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
Revenue 177,035,930M 169,614,139M 176,517,572M 154,927,656M 136,144,004M 120,008,924M 115,366,216M 110,926,290M 101,888,779M 94,685,921M 91,691,764M 88,689,980M 76,659,608M 63,510,445M 54,116,062M 47,325,390M 43,293,027M 38,264,079M 51,875,000M 43,476,000M 29,160,743M 24,634,199M
Cost of Revenue 24,230,763M 39,126,789M 41,718,486M 30,733,842M 20,510,620M 20,504,734M 28,273,679M 29,070,226M 23,710,628M 22,755,157M 22,545,799M 26,207,024M 23,505,518M 16,399,424M 15,019,850M 15,954,037M 14,413,041M 15,821,849M 12,051,000M 11,143,000M 15,915,870M 12,044,181M
Gross Profit 152,805,167M 130,487,350M 134,799,086M 124,193,814M 115,633,384M 99,504,190M 87,092,537M 81,856,064M 78,178,151M 71,930,764M 69,145,965M 62,482,956M 53,154,090M 47,111,021M 39,096,212M 31,371,353M 28,879,986M 22,442,230M 39,824,000M 32,333,000M 13,244,873M 12,590,018M
Gross Profit Margin 86.3% 76.9% 76.4% 80.2% 84.9% 82.9% 75.5% 73.8% 76.7% 76.0% 75.4% 70.5% 69.3% 74.2% 72.2% 66.3% 66.7% 58.7% 76.8% 74.4% 45.4% 51.1%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 18,318,353M 17,421,629M 19,968,219M 16,645,941M 16,135,159M 14,495,078M 13,715,544M 13,279,408M 12,557,876M 11,477,336M 10,255,394M 9,616,525M 8,930,692M 7,711,920M 6,513,199M 5,183,429M 5,467,972M 4,324,893M 3,862,000M 3,409,000M 3,250,893M 3,080,079M
Operating Expenses 48,631,800M 51,669,710M 58,395,600M 49,508,933M 59,255,658M 61,145,769M 62,700,132M 45,414,624M 44,234,782M 44,773,901M 50,573,000M 36,113,526M 27,146,075M 23,049,184M 18,591,944M 14,859,318M 14,907,824M 11,618,156M 31,756,000M 26,000,000M 10,413,677M 11,357,141M
Operating Income (EBIT) 104,173,367M 78,817,640M 76,403,486M 74,684,881M 56,377,726M 38,358,421M 24,392,405M 36,441,440M 33,943,369M 27,156,863M 18,572,965M 26,369,430M 26,008,015M 24,061,837M 20,504,268M 16,512,035M 13,972,162M 10,824,074M 8,068,000M 6,333,000M 2,831,196M 1,232,877M
Operating Income Margin 58.8% 46.5% 43.3% 48.2% 41.4% 32.0% 21.1% 32.9% 33.3% 28.7% 20.3% 29.7% 33.9% 37.9% 37.9% 34.9% 32.3% 28.3% 15.6% 14.6% 9.7% 5.0%
Interest Income 104,923,044M 125,158,725M 130,634,772M 114,388,826M 96,755,548M 83,609,909M 82,236,271M 84,754,783M 74,832,298M 71,341,023M 71,145,401M 66,366,659M 57,563,264M 45,138,553M 38,203,256M 34,339,728M 33,931,650M 31,640,259M 27,336,000M 23,929,000M 26,261,106M 20,999,225M
Interest Expense 36,069,083M 39,126,789M 41,718,486M 30,733,842M 20,510,620M 20,504,734M 28,273,679M 29,070,226M 23,710,628M 22,755,157M 22,545,799M 26,207,024M 23,505,518M 16,399,424M 15,019,850M 15,954,037M 14,413,041M 15,821,849M 12,051,000M 11,143,000M 15,915,870M 12,044,181M
Net Interest Income 68,853,961M 86,031,936M 88,916,286M 83,654,984M 76,244,928M 63,105,175M 53,962,592M 55,684,557M 51,121,670M 48,585,866M 48,599,602M 40,159,635M 34,057,746M 28,739,129M 23,183,406M 18,385,691M 19,518,609M 15,818,410M 15,285,000M 12,786,000M 10,345,236M 8,955,044M
Unusual Items -102,421,190M -86,031,936M -88,916,286M -83,654,984M -76,244,928M -63,105,175M -53,962,592M -55,684,557M -51,121,670M -48,585,866M -48,599,602M -40,159,635M -34,057,746M -28,739,129M -23,183,406M -18,385,691M -19,518,609M -15,818,410M -15,285,000M -12,786,000M -10,345,236M -8,955,044M
EBT Excluding Unusual Items 173,027,328M 164,849,576M 165,319,772M 158,339,865M 132,622,654M 101,463,596M 78,354,997M 92,125,997M 85,065,039M 75,742,729M 67,172,567M 66,529,065M 60,065,761M 52,800,966M 43,687,674M 34,897,726M 33,490,771M 26,642,484M 23,353,000M 19,119,000M 13,176,432M 10,187,921M
Pre-Tax Income 70,606,138M 78,817,640M 76,403,486M 74,684,881M 56,377,726M 38,358,421M 24,392,405M 36,441,440M 33,943,369M 27,156,863M 18,572,965M 26,369,430M 26,008,015M 24,061,837M 20,504,268M 16,512,035M 13,972,162M 10,824,074M 8,068,000M 6,333,000M 2,831,196M 1,232,877M
Pre-Tax Margin 39.9% 46.5% 43.3% 48.2% 41.4% 32.0% 21.1% 32.9% 33.3% 28.7% 20.3% 29.7% 33.9% 37.9% 37.9% 34.9% 32.3% 28.3% 15.6% 14.6% 9.7% 5.0%
Income Tax Expense 14,151,330M 15,453,517M 15,238,365M 14,633,011M 11,425,358M 7,807,324M 5,993,477M 7,985,848M 8,091,432M 5,713,821M 3,922,802M 5,217,032M 5,353,232M 5,231,903M 4,460,650M 3,816,150M 4,602,936M 3,625,586M 1,986,000M 1,986,000M 408,724M 628,346M
Net Income 51,495,530M 58,013,868M 55,782,742M 55,060,057M 41,170,637M 28,028,155M 16,799,515M 27,482,133M 25,015,021M 20,639,683M 13,806,565M 20,334,968M 19,871,873M 18,203,753M 15,504,067M 12,246,044M 9,369,226M 7,198,488M 6,082,000M 4,347,000M 2,422,472M 604,531M
Net Income Margin 29.1% 34.2% 31.6% 35.5% 30.2% 23.4% 14.6% 24.8% 24.6% 21.8% 15.1% 22.9% 25.9% 28.7% 28.6% 25.9% 21.6% 18.8% 11.7% 10.0% 8.3% 2.5%
Depreciation & Amortization 4,103,832M 4,672,141M 4,668,462M 4,566,902M 4,513,637M 3,569,621M 3,933,691M 2,059,420M 1,817,289M 1,810,907M 1,757,493M 1,489,425M 1,155,801M 953,475M 710,559M 468,904M 0M 0M 0M 0M 0M 0M
EBITDA 108,277,199M 83,489,781M 81,071,948M 79,251,783M 60,891,363M 41,928,042M 28,326,096M 38,500,860M 35,760,658M 28,967,770M 20,330,458M 27,858,855M 27,163,816M 25,015,312M 21,214,827M 16,980,939M 13,972,162M 10,824,074M 8,068,000M 6,333,000M 2,831,196M 1,232,877M
EBITDA Margin 61.2% 49.2% 45.9% 51.2% 44.7% 34.9% 24.6% 34.7% 35.1% 30.6% 22.2% 31.4% 35.4% 39.4% 39.2% 35.9% 32.3% 28.3% 15.6% 14.6% 9.7% 5.0%
NOPAT 83,294,280M 63,364,123M 61,165,121M 60,051,870M 44,952,368M 30,551,097M 18,398,928M 28,455,592M 25,851,937M 21,443,042M 14,650,163M 21,152,398M 20,654,783M 18,829,934M 16,043,618M 12,695,885M 9,369,226M 7,198,488M 6,082,000M 4,347,000M 2,422,472M 604,531M
NOPAT Margin 47.0% 37.4% 34.7% 38.8% 33.0% 25.5% 15.9% 25.7% 25.4% 22.6% 16.0% 23.8% 26.9% 29.6% 29.6% 26.8% 21.6% 18.8% 11.7% 10.0% 8.3% 2.5%
Owner's Earnings 48,571,662M 58,206,888M 51,907,308M 56,540,582M 41,676,427M 29,315,162M 17,926,371M 25,855,987M 24,399,344M 20,664,154M 13,414,511M 20,688,716M 18,793,490M 17,620,555M 14,549,071M 11,174,078M 8,342,038M 6,547,021M 6,082,000M 4,347,000M 2,158,625M 193,024M
Owner's Earnings Margin 27.4% 34.3% 29.4% 36.5% 30.6% 24.4% 15.5% 23.3% 23.9% 21.8% 14.6% 23.3% 24.5% 27.7% 26.9% 23.6% 19.3% 17.1% 11.7% 10.0% 7.4% 0.8%
EPS (Basic) 551.74 621.57 597.67 589.93 441.26 300.53 180.09 294.45 268.02 221.14 147.93 217.87 212.91 195.04 166.12 132.33 108.01 84.00 62.69 51.62 29.27 7.35
EPS (Diluted) 551.74 621.58 597.67 589.93 441.26 300.53 180.09 294.45 268.02 221.14 147.93 217.87 212.91 195.04 166.12 132.33 109.71 84.42 71.62 51.58 28.98 7.31
Shares (Basic) 93,333M 93,333M 93,333M 93,333M 93,303M 93,263M 93,283M 93,333M 93,333M 93,333M 93,333M 93,333M 93,333M 93,333M 93,333M 92,539M 85,344M 85,181M 84,918M 84,279M 82,719M 82,099M
Shares (Diluted) 93,333M 93,333M 93,333M 93,333M 93,303M 93,263M 93,283M 93,333M 93,333M 93,333M 93,333M 93,333M 93,333M 93,333M 93,333M 92,539M 85,398M 85,269M 84,918M 84,279M 83,597M 82,688M

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
Cash & Cash Equivalents 0.00M 277,273,951.00M 250,733,275.00M 249,396,176.00M 277,848,602.00M 196,173,111.00M 178,065,220.00M 124,712,254.00M 124,548,143.00M 161,387,431.00M 159,368,841.00M 128,896,517.00M 141,404,475.00M 122,106,671.00M 111,442,074.00M 108,720,087.00M 71,852,112.00M 73,728,809.00M 0.00M 0.00M 35,517,650.00M 47,142,126.00M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 0.00M 277,273,951.00M 250,733,275.00M 249,396,176.00M 277,848,602.00M 196,173,111.00M 178,065,220.00M 124,712,254.00M 124,548,143.00M 161,387,431.00M 159,368,841.00M 128,896,517.00M 141,404,475.00M 122,106,671.00M 111,442,074.00M 108,720,087.00M 71,852,112.00M 73,728,809.00M 0.00M 0.00M 35,517,650.00M 47,142,126.00M
Net Receivables 0.00M 61,810,629.00M 54,912,740.00M 50,963,216.00M 55,079,091.00M 45,851,411.00M 46,202,927.00M 42,025,951.00M 38,096,078.00M 33,140,764.00M 14,637,514.00M 20,637,800.00M 18,947,402.00M 13,722,115.00M 11,006,682.00M 4,925,645.00M 2,612,682.00M 7,450,143.00M 0.00M 0.00M 5,821,936.00M 6,929,982.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets 0.00M 0.00M 0.00M 0.00M 22,901.00M 130,667.00M -228,073,340.00M -170,927,355.00M -42,190,291.00M -38,613,047.00M -20,001,302.00M -27,755,048.00M -23,376,884.00M -16,337,674.00M -12,470,613.00M -6,351,943.00M -3,534,102.00M -7,450,143.00M 0.00M 0.00M -5,821,936.00M -6,929,982.00M
Total Current Assets 0.00M 339,084,580.00M 305,646,015.00M 300,359,392.00M 332,950,594.00M 242,155,189.00M -3,805,193.00M -4,189,150.00M 120,453,930.00M 155,915,148.00M 154,005,053.00M 121,779,269.00M 136,974,993.00M 119,491,112.00M 109,978,143.00M 107,293,789.00M 70,930,692.00M 73,728,809.00M 0.00M 0.00M 35,517,650.00M 47,142,126.00M
Property, Plant & Equipment 67,389,599.00M 63,620,835.00M 63,030,845.00M 57,977,707.00M 56,540,566.00M 49,144,792.00M 48,306,843.00M 44,612,199.00M 38,442,696.00M 36,618,753.00M 35,663,290.00M 9,761,688.00M 8,928,856.00M 7,645,598.00M 7,002,690.00M 6,589,394.00M 5,527,000.00M 4,963,306.00M 0.00M 0.00M 4,709,243.00M 5,305,413.00M
Goodwill 519,286.00M 519,286.00M 519,286.00M 787,466.00M 787,466.00M 787,466.00M 787,466.00M 0.00M 423,115.00M 423,115.00M 423,115.00M 423,115.00M 423,115.00M 154,935.00M 142,860.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 6,402,501.00M 6,912,498.00M 6,525,457.00M 5,087,132.00M 4,306,143.00M 4,324,293.00M 3,757,973.00M 3,321,284.00M 2,764,726.00M 2,401,467.00M 1,955,496.00M 1,492,077.00M 1,221,468.00M 1,005,320.00M 717,842.00M 4,925,645.00M 2,612,682.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 1,647,310,906.00M 1,616,917,668.00M 405,556,176.00M 1,136,075,698.00M 389,590,837.00M 271,563,935.00M 200,869,678.00M 178,541,922.00M 163,382,823.00M 155,751,317.00M 147,559,319.00M 126,674,554.00M 109,034,643.00M 99,400,332.00M 99,187,699.00M 105,346,511.00M 112,553,247.00M 0.00M 0.00M 109,927,240.00M 102,945,342.00M
Tax Assets 5,760,665.00M 0.00M 8,353,454.00M 10,179,244.00M 12,045,479.00M 10,354,794.00M 9,007,163.00M 0.00M 0.00M 0.00M 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 -80,072,051.00M 796,840,130.00M 419,588,716.00M 1,390,283,093.00M 446,425,830.00M 1,025,537,387.00M 1,208,541,187.00M -248,803,161.00M -219,749,344.00M -202,403,043.00M -193,370,103.00M -159,236,199.00M -137,247,993.00M -117,840,496.00M -107,263,724.00M -105,935,658.00M -111,021,482.00M -117,516,553.00M 0.00M 0.00M -114,636,483.00M -108,250,755.00M
Other Assets 2,563,736,196.00M 0.00M 0.00M 0.00M 0.00M 1,449,495,082.00M 0.00M 1,318,246,335.00M 1,202,252,094.00M 1,124,700,847.00M 1,038,706,009.00M 910,063,409.00M 855,039,673.00M 733,099,762.00M 635,618,708.00M 551,891,704.00M 449,774,551.00M 394,616,604.00M 358,439,000.00M 319,086,000.00M 267,517,192.00M 263,383,348.00M
Total Non-Current Assets 2,563,736,196.00M 2,515,203,655.00M 2,114,935,426.00M 1,869,870,818.00M 1,656,181,182.00M 2,929,234,651.00M 1,541,964,567.00M 1,318,246,335.00M 1,202,675,209.00M 1,125,123,962.00M 1,039,129,124.00M 910,063,409.00M 855,039,673.00M 733,099,762.00M 635,618,708.00M 556,658,784.00M 452,239,262.00M 394,616,604.00M 358,439,000.00M 319,086,000.00M 267,517,192.00M 263,383,348.00M
Total Assets 2,563,736,196.00M 2,854,288,235.00M 2,420,581,441.00M 2,170,230,210.00M 1,989,131,776.00M 3,171,389,840.00M 1,538,159,374.00M 1,314,057,185.00M 1,323,129,139.00M 1,281,039,110.00M 1,193,134,177.00M 1,031,842,678.00M 992,014,666.00M 852,590,874.00M 745,596,851.00M 663,952,573.00M 523,169,954.00M 468,345,413.00M 358,439,000.00M 319,086,000.00M 303,034,842.00M 310,525,474.00M
Accounts Payable 0.00M 8,203,142.00M 7,568,480.00M 11,145,241.00M 5,140,147.00M 2,675,192.00M 1,932,603.00M 1,397,689.00M 980,463.00M 2,215,373.00M 1,394,196.00M 966,227.00M 1,023,385.00M 1,001,071.00M 1,231,126.00M 6,551,103.00M 3,950,506.00M 4,356,773.00M 0.00M 0.00M 3,608,393.00M 4,319,102.00M
Short-Term Debt 143,823,504.00M 183,866,161.00M 197,224,313.00M 105,628,303.00M 58,755,644.00M 54,421,251.00M 39,148,103.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 3,314,324.00M 2,690,902.00M 3,735,675.00M 2,862,716.00M 1,761,477.00M 1,286,973.00M 1,087,949.00M 1,009,832.00M 1,258,792.00M 2,131,616.00M 1,875,141.00M 2,126,864.00M 2,662,421.00M 761,737.00M 1,408,798.00M 1,855,829.00M 0.00M 0.00M 1,582,800.00M 272,101.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities -143,823,504.00M -192,069,303.00M 1,534,624,665.00M 1,494,875,075.00M 1,448,835,832.00M 1,251,258,651.00M -46,821,426.00M -4,900,570.00M -4,755,489.00M -6,364,532.00M -2,008,221.00M -4,365,487.00M -5,087,178.00M -4,626,238.00M -5,088,105.00M -1,456,441.00M -1,442,044.00M -6,254,213.00M 0.00M 0.00M -5,963,355.00M -5,456,034.00M
Total Current Liabilities 0.00M 0.00M 1,742,731,782.00M 1,614,339,521.00M 1,516,467,298.00M 1,311,217,810.00M -3,979,243.00M -2,215,908.00M -2,687,077.00M -3,139,327.00M 644,767.00M -1,267,644.00M -2,188,652.00M -1,498,303.00M -1,194,558.00M 5,856,399.00M 3,917,260.00M -41,611.00M 0.00M 0.00M -772,162.00M -864,831.00M
Long-Term Debt 109,086,437.00M 230,723,335.00M 172,099,510.00M 134,256,304.00M 89,437,210.00M 61,037,337.00M 62,679,949.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 783,707.00M 784,305.00M 847,980.00M 698,278.00M 0.00M 0.00M 0.00M 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 410,699.00M 0.00M 0.00M 0.00M 133,821.00M 240,344.00M 0.00M 0.00M 0.00M 0.00M 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 -121,058,242.00M 1,986,043,848.00M 202,231,613.00M 140,819,564.00M 120,421,527.00M 100,711,686.00M 1,274,584,950.00M 0.00M 0.00M 0.00M 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 Liabilities -11,561,106.00M 2,216,767,183.00M 374,331,123.00M 275,859,575.00M 210,776,863.00M 162,837,347.00M 1,337,963,177.00M 0.00M 0.00M 0.00M 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 Liabilities -11,561,106.00M 2,216,767,183.00M 2,117,062,905.00M 1,890,199,096.00M 1,727,244,161.00M 1,474,055,157.00M 1,333,983,934.00M -2,215,908.00M -2,687,077.00M -3,139,327.00M 644,767.00M -1,267,644.00M -2,188,652.00M -1,498,303.00M -1,194,558.00M 5,856,399.00M 3,917,260.00M -41,611.00M 0.00M 0.00M -772,162.00M -864,831.00M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 11,666,667.00M 10,498,247.00M 10,485,058.00M 0.00M 0.00M 10,315,609.00M 10,127,859.00M
Retained Earnings 208,579,866.00M 200,995,012.00M 214,360,263.00M 191,826,287.00M 161,614,963.00M 137,207,666.00M 114,176,507.00M 137,929,792.00M 121,704,418.00M 111,357,522.00M 91,550,525.00M 76,822,336.00M 64,263,299.00M 52,200,836.00M 40,152,197.00M 33,505,527.00M 24,442,187.00M 17,858,633.00M 0.00M 0.00M 6,113,090.00M 4,005,437.00M
Accumulated OCI 8,516,456.00M 36,071,734.00M 39,674,225.00M 34,239,096.00M 38,859,893.00M 38,425,911.00M 40,989,725.00M 0.00M 0.00M 26,378,462.00M 29,920,554.00M -1,137,287.00M -367,723.00M -1,195,620.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 32,207,107.00M 31,088,499.00M 29,678,252.00M 26,642,178.00M 22,566,669.00M 17,424,670.00M 4,653,131.00M 4,433,672.00M 3,757,788.00M 3,287,289.00M 2,915,785.00M 2,421,551.00M 2,186,681.00M 1,371,359.00M 1,952,745.00M 861,189.00M 527,228.00M 189,494.00M 0.00M 0.00M 5,176.00M 4,705.00M
Total Shareholders’ Equity 228,762,989.00M 248,733,413.00M 265,701,155.00M 237,732,050.00M 212,141,523.00M 187,300,244.00M 166,832,899.00M 149,596,459.00M 133,371,085.00M 149,402,651.00M 133,137,746.00M 87,351,716.00M 75,562,243.00M 62,671,883.00M 51,818,864.00M 45,172,194.00M 34,940,434.00M 28,343,691.00M 0.00M 0.00M 16,428,699.00M 14,133,296.00M
Total Equity 260,970,096.00M 279,821,912.00M 295,379,407.00M 264,374,228.00M 234,708,192.00M 204,724,914.00M 171,486,030.00M 154,030,131.00M 137,128,873.00M 152,689,940.00M 136,053,531.00M 89,773,267.00M 77,748,924.00M 64,043,242.00M 53,771,609.00M 46,033,383.00M 35,467,662.00M 28,533,185.00M 0.00M 0.00M 16,433,875.00M 14,138,001.00M
Total Liabilities & Equity 249,408,990.00M 2,496,589,095.00M 2,412,442,312.00M 2,154,573,324.00M 1,961,952,353.00M 1,678,780,071.00M 1,505,469,964.00M 151,814,223.00M 134,441,796.00M 149,550,613.00M 136,698,298.00M 88,505,623.00M 75,560,272.00M 62,544,939.00M 52,577,051.00M 51,889,782.00M 39,384,922.00M 28,491,574.00M 0.00M 0.00M 15,661,713.00M 13,273,170.00M
Tangible Assets 2,556,814,409.00M 2,846,856,451.00M 2,413,536,698.00M 2,164,355,612.00M 1,984,038,167.00M 3,166,278,081.00M 1,533,613,935.00M 1,310,735,901.00M 1,319,941,298.00M 1,278,214,528.00M 1,190,755,566.00M 1,029,927,486.00M 990,370,083.00M 851,430,619.00M 744,736,149.00M 659,026,928.00M 520,557,272.00M 468,345,413.00M 358,439,000.00M 319,086,000.00M 303,034,842.00M 310,525,474.00M
Tangible Equity 254,048,309.00M 272,390,128.00M 288,334,664.00M 258,499,630.00M 229,614,583.00M 199,613,155.00M 166,940,591.00M 150,708,847.00M 133,941,032.00M 149,865,358.00M 133,674,920.00M 87,858,075.00M 76,104,341.00M 62,882,987.00M 52,910,907.00M 41,107,738.00M 32,854,980.00M 28,533,185.00M 0.00M 0.00M 16,433,875.00M 14,138,001.00M
Tangible Book Value 254,048,309.00M 272,390,128.00M 288,334,664.00M 258,499,630.00M 229,614,583.00M 199,613,155.00M 166,940,591.00M 150,708,847.00M 133,941,032.00M 149,865,358.00M 133,674,920.00M 87,858,075.00M 76,104,341.00M 62,882,987.00M 52,910,907.00M 41,107,738.00M 32,854,980.00M 28,533,185.00M 0.00M 0.00M 16,433,875.00M 14,138,001.00M
Total Investments 0.00M 1,647,310,906.00M 1,616,917,668.00M 405,556,176.00M 1,136,075,698.00M 391,260,675.00M 271,563,935.00M 200,888,495.00M 178,541,922.00M 163,378,296.00M 155,733,717.00M 147,591,471.00M 126,680,361.00M 109,037,435.00M 89,710,068.00M 102,952,407.00M 114,364,364.00M 112,553,247.00M 0.00M 0.00M 109,927,240.00M 102,945,342.00M
Net Debt 252,909,941.00M 137,315,545.00M 118,590,548.00M -9,511,569.00M -129,655,748.00M -80,714,523.00M -76,237,168.00M -124,712,254.00M -124,548,143.00M -161,387,431.00M -159,368,841.00M -128,896,517.00M -141,404,475.00M -122,106,671.00M -111,442,074.00M -108,720,087.00M -71,852,112.00M -73,728,809.00M 0.00M 0.00M -35,517,650.00M -47,142,126.00M

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
Working Capital 0.0M 347,179,494.0M -1,427,129,622.0M -1,307,299,988.0M -1,176,368,118.0M -1,062,483,535.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M
Total Capital 538,812,992.0M 497,552,022.0M 592,172,553.0M 462,040,990.0M 336,824,868.0M 299,119,677.0M 291,135,651.0M 289,065,163.0M 249,982,893.0M 218,963,317.0M 195,083,820.0M 156,476,541.0M 132,146,883.0M 109,661,637.0M 92,872,778.0M 79,348,515.0M 53,234,218.0M 45,270,193.0M 205,012,000.0M 167,774,000.0M 37,716,805.0M 35,879,764.0M
Capital Employed 2,563,736,196.0M 2,514,684,369.0M 687,805,804.0M 562,570,830.0M 479,813,064.0M 417,256,034.0M 1,541,964,567.0M 1,318,246,335.0M 1,202,252,094.0M 1,124,700,847.0M 1,038,706,009.0M 910,063,409.0M 855,039,673.0M 733,099,762.0M 635,618,708.0M 551,891,704.0M 449,774,551.0M 394,616,604.0M 358,439,000.0M 319,086,000.0M 267,517,192.0M 263,383,348.0M
Invested Capital 538,812,992.0M 220,278,071.0M 341,439,278.0M 212,644,814.0M 58,976,266.0M 102,946,566.0M 113,070,431.0M 164,352,909.0M 125,434,750.0M 57,575,886.0M 35,714,979.0M 27,580,024.0M -9,257,592.0M -12,445,034.0M -18,569,296.0M -29,371,572.0M -18,617,894.0M -28,458,616.0M 205,012,000.0M 167,774,000.0M 2,199,155.0M -11,262,362.0M

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 2006-12-31 2005-12-31
Net Income 24,532,883.00M 58,013,868.00M 0.00M 55,060,057.00M 41,170,637.00M 28,028,155.00M 16,799,515.00M 27,482,133.00M 25,015,021.00M 20,639,683.00M 13,806,565.00M 20,334,968.00M 19,871,873.00M 18,203,753.00M 15,504,067.00M 12,246,044.00M 9,369,226.00M 7,198,488.00M 2,422,472.00M 604,531.00M
Depreciation & Amortization -1,240,263.00M 4,672,141.00M 0.00M 4,566,902.00M 4,513,637.00M 3,569,621.00M 3,933,692.00M 2,059,420.00M 1,311,681.00M 1,389,147.00M 1,377,656.00M 1,187,795.00M 960,805.00M 822,193.00M 620,675.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 10,349,658.00M -279,629,756.00M 34,850,767.00M -202,416,447.00M -154,324,984.00M -60,718,454.00M -46,197,653.00M -100,320,022.00M -96,160,637.00M -76,468,154.00M -76,986,680.00M -53,676,192.00M -72,148,517.00M -73,781,976.00M 0.00M 6,505,289.00M 31,473,528.00M 6,266,597.00M 3,380,900.00M 6,183,710.00M
Accounts Receivable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 10,349,658.00M -279,629,756.00M 34,850,767.00M -202,416,447.00M -154,324,984.00M -60,718,454.00M -46,197,653.00M -100,320,022.00M -96,160,637.00M -76,468,154.00M -76,986,680.00M -53,676,192.00M -72,148,517.00M -73,781,976.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items -2,666,953.00M -23,514,156.00M -114,409,045.00M -12,775,859.00M 6,403,006.00M 11,331,922.00M 8,101,704.00M -2,633,522.00M 12,095,997.00M 6,721,508.00M 18,005,784.00M 8,042,058.00M -11,124,316.00M -3,335,176.00M -69,138,781.00M 1,689,307.00M 1,266,248.00M -1,104,998.00M 6,437,018.00M 2,765,547.00M
Net Cash from Operating Activities 30,975,325.00M -240,457,903.00M -79,558,278.00M -155,565,347.00M -102,237,704.00M -17,788,756.00M -17,362,742.00M -73,411,991.00M -57,737,938.00M -47,717,816.00M -43,796,675.00M -24,111,371.00M -62,440,155.00M -58,091,206.00M -53,014,039.00M 20,440,640.00M 42,109,002.00M 12,360,087.00M 12,240,390.00M 9,553,788.00M
Capital Expenditures (PPE) -5,828,839.00M -4,479,121.00M -8,543,896.00M -3,086,377.00M -4,007,847.00M -2,282,614.00M -2,806,835.00M -3,685,566.00M -2,432,966.00M -1,786,436.00M -2,149,547.00M -1,135,677.00M -2,234,184.00M -1,536,673.00M -1,665,555.00M -1,540,870.00M -1,027,188.00M -651,467.00M -263,847.00M -411,507.00M
Acquisitions (Net) -756,243.00M 972,206.00M 916,212.00M -29,770.00M -308,314.00M -601,828.00M -1,718,601.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 79,563.00M 62,978.00M 0.00M 0.00M
Purchases of Investments 826,830.00M 0.00M -5,232,227.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -10,364,900.00M -501,914.00M -7,445,222.00M -2,866,391.00M
Sales / Maturities of Investments 11,156,573.00M 0.00M 29,535,716.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 430,561.00M 11,650,312.00M 643,302.00M 6,250.00M 7,119,718.00M
Other Investing Activities -83,720,797.00M 13,049,947.00M 1,054,890.00M 19,126,687.00M -37,573,770.00M -129,592,610.00M -37,032,967.00M -12,566,322.00M -18,608,223.00M -3,489,775.00M -4,013,234.00M -27,813,646.00M -4,849,818.00M -11,024,992.00M 119,174.00M 1,208,901.00M -11,756.00M -4,268,951.00M 65,017.00M 48,797.00M
Net Cash from Investing Activities -78,322,476.00M 9,543,032.00M 17,730,695.00M 16,010,540.00M -41,889,931.00M -132,477,052.00M -41,558,403.00M -16,251,888.00M -21,041,189.00M -5,276,211.00M -6,162,781.00M -28,949,323.00M -7,084,002.00M -12,561,665.00M -1,546,381.00M 98,592.00M 326,031.00M -4,716,052.00M -7,637,802.00M 3,890,617.00M
Net Debt Issuance 23,422,631.00M 28,215,398.00M 40,184,334.00M 48,173,037.00M 27,981,649.00M 6,836,093.00M 2,132,130.00M 4,899,485.00M 26,913,447.00M 7,412,250.00M 4,672,097.00M 6,421,571.00M 8,993,722.00M 10,906,512.00M 0.00M 6,599,224.00M 1,199,081.00M -2,088,654.00M -2,143,465.00M -6,326,909.00M
Long-Term Debt Issuance 55,050,613.00M 28,215,398.00M 40,184,334.00M 48,173,037.00M 27,981,649.00M 6,836,093.00M 2,132,130.00M 4,899,485.00M 26,913,447.00M 7,412,250.00M 4,672,097.00M 6,421,571.00M 8,993,722.00M 10,906,512.00M 0.00M 6,599,224.00M 1,515,437.00M -2,077,526.00M -2,143,465.00M -6,326,909.00M
Short-Term Debt Issuance -31,627,982.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -316,356.00M -1,423,115.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 2,164,564.00M 0.00M -150,895.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 11,403,500.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 2,164,564.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 11,403,500.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -150,895.00M 0.00M 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
Net Dividends Paid -43,510,539.00M -33,036,034.00M -33,036,034.00M -24,702,382.00M -16,816,893.00M -10,271,552.00M -16,566,107.00M -11,256,759.00M -9,287,857.00M -6,212,954.00M -6,100,490.00M -4,967,968.00M -5,461,126.00M -4,651,220.00M -2,449,209.00M -3,182,704.00M -2,799,087.00M -2,475,975.00M -313,752.00M -2,759,207.00M
Common Dividends Paid -43,510,539.00M -33,036,034.00M -33,036,034.00M -24,702,382.00M -16,816,893.00M -10,271,552.00M -16,566,107.00M -11,256,759.00M -9,287,857.00M -6,212,954.00M -6,100,490.00M -4,967,968.00M -5,461,126.00M -4,651,220.00M 0.00M -3,182,704.00M -2,799,087.00M -2,475,975.00M -313,752.00M -2,759,207.00M
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 94,767,098.00M 253,514,420.00M 50,700,851.00M 85,942,867.00M 202,213,009.00M 147,681,249.00M 127,450,071.00M 96,865,139.00M 25,300,916.00M 52,201,717.00M 84,771,665.00M 33,637,542.00M 83,495,481.00M 70,923,553.00M 59,002,681.00M 0.00M 39,551,216.00M 33,603,218.00M 3,623,595.00M 23,774,125.00M
Net Cash from Financing Activities 74,679,190.00M 248,693,784.00M 57,849,151.00M 109,413,522.00M 215,542,329.00M 144,245,790.00M 112,865,199.00M 90,507,865.00M 42,926,506.00M 53,401,013.00M 83,343,272.00M 35,091,145.00M 87,028,077.00M 77,178,845.00M 56,553,472.00M 14,820,020.00M -1,553,898.00M -4,468,155.00M -2,042,127.00M -8,994,891.00M
Effect of FX on Cash 35,940,357.00M 4,873,011.00M 4,214,862.00M -946,566.00M 9,843,138.00M -269,997.00M 1,411,999.00M -1,728,922.00M 1,754,511.00M 808,703.00M -1,491,116.00M 4,832,573.00M 277,305.00M 2,993,395.00M 642,083.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 63,272,396.00M 22,651,924.00M 236,430.00M -31,087,851.00M 81,257,832.00M -6,290,015.00M 55,356,053.00M -884,936.00M -34,098,110.00M 1,215,689.00M 31,892,700.00M -13,136,976.00M 17,781,225.00M 121,023,158.00M 111,503,789.00M 35,359,252.00M 40,881,135.00M 3,175,880.00M 2,560,461.00M 4,449,514.00M
Cash at Beginning of Period 705,316,646.00M 850,091,226.00M 243,801,693.00M 274,889,544.00M 193,631,712.00M 199,921,727.00M 123,792,750.00M 124,677,686.00M 158,775,796.00M 157,560,107.00M 125,667,407.00M 138,804,383.00M 121,023,158.00M 0.00M 0.00M 73,294,496.00M 32,413,361.00M 29,237,481.00M 23,532,797.00M 19,083,283.00M
Cash at End of Period 769,347,758.00M 871,984,434.00M 244,038,123.00M 243,801,693.00M 274,889,544.00M 193,631,712.00M 179,148,803.00M 123,792,750.00M 124,677,686.00M 158,775,796.00M 157,560,107.00M 125,667,407.00M 138,804,383.00M 121,023,158.00M 111,503,789.00M 108,653,748.00M 73,294,496.00M 32,413,361.00M 26,093,258.00M 23,532,797.00M
Operating Cash Flow 30,975,325.00M -240,457,903.00M -79,558,278.00M -155,565,347.00M -102,237,704.00M -17,788,756.00M -17,362,742.00M -73,411,991.00M -57,737,938.00M -47,717,816.00M -43,796,675.00M -24,111,371.00M -62,440,155.00M -58,091,206.00M -53,014,039.00M 20,440,640.00M 42,109,002.00M 12,360,087.00M 12,240,390.00M 9,553,788.00M
Capital Expenditure -7,027,700.00M -4,479,121.00M -8,543,896.00M -3,086,377.00M -4,007,847.00M -2,282,614.00M -2,806,835.00M -3,685,566.00M -2,432,966.00M -1,786,436.00M -2,149,547.00M -1,135,677.00M -2,234,184.00M -1,536,673.00M -1,665,555.00M -1,540,870.00M -1,027,188.00M -651,467.00M -263,847.00M -411,507.00M
Free Cash Flow 23,947,625.00M -244,937,024.00M -88,102,174.00M -158,651,724.00M -106,245,551.00M -20,071,370.00M -20,169,577.00M -77,097,557.00M -60,170,904.00M -49,504,252.00M -45,946,222.00M -25,247,048.00M -64,674,339.00M -59,627,879.00M -54,679,594.00M 18,899,770.00M 41,081,814.00M 11,708,620.00M 11,976,543.00M 9,142,281.00M

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 2006-12-31 2005-12-31
EBITDA 138,590,646.00M 117,737,862.00M 119,499,329.00M 112,114,775.00M 104,011,862.00M 88,578,733.00M 77,310,684.00M 70,636,076.00M 67,437,564.00M 62,264,335.00M 60,648,064.00M 54,355,856.00M 45,379,199.00M 40,352,576.00M 33,293,572.00M 26,656,828.00M 23,412,014.00M 18,117,337.00M 9,993,980.00M 9,509,939.00M
(-) Tax Adjustment 27,777,216.29M 23,084,477.69M 23,833,655.87M 21,966,651.27M 21,078,763.62M 18,028,971.21M 18,996,068.92M 15,479,327.00M 16,075,789.75M 13,100,455.12M 12,809,497.39M 10,753,976.86M 9,340,404.50M 8,774,091.66M 7,242,929.71M 6,160,746.04M 7,712,765.00M 6,068,506.50M 1,442,775.24M 3,328,478.65M
(-) Change In Working Capital 10,349,658.00M -279,629,756.00M 34,850,767.00M -202,416,447.00M -154,324,984.00M -60,718,454.00M -46,197,653.00M -100,320,022.00M -96,160,637.00M -76,468,154.00M -76,986,680.00M -53,676,192.00M -72,148,517.00M -73,781,976.00M 0.00M 6,505,289.00M 31,473,528.00M 6,266,597.00M 3,380,900.00M 6,183,710.00M
(-) Capital Expenditure -7,027,700.00M -4,479,121.00M -8,543,896.00M -3,086,377.00M -4,007,847.00M -2,282,614.00M -2,806,835.00M -3,685,566.00M -2,432,966.00M -1,786,436.00M -2,149,547.00M -1,135,677.00M -2,234,184.00M -1,536,673.00M -1,665,555.00M -1,540,870.00M -1,027,188.00M -651,467.00M -263,847.00M -411,507.00M
Unlevered Free Cash Flow 93,436,071.71M 369,804,019.31M 52,271,010.13M 289,478,193.73M 233,250,235.38M 128,985,601.79M 101,705,433.08M 151,791,205.00M 145,089,445.25M 123,845,597.88M 122,675,699.61M 96,142,394.14M 105,953,127.50M 103,823,787.34M 24,385,087.29M 12,449,922.96M -16,801,467.00M 5,130,766.50M 4,906,457.76M -413,756.65M
(-) Net Interest Income After Taxes 55,053,813.43M 69,163,935.57M 71,182,293.86M 67,264,460.45M 60,793,336.39M 50,260,992.82M 40,703,401.12M 43,481,734.93M 38,935,268.69M 38,363,369.33M 38,334,864.20M 32,214,294.47M 27,047,637.16M 22,490,215.62M 18,139,916.52M 14,136,514.28M 13,088,472.56M 10,519,942.36M 8,851,751.89M 5,820,778.60M
Net Debt Issuance 23,422,631.00M 28,215,398.00M 40,184,334.00M 48,173,037.00M 27,981,649.00M 6,836,093.00M 2,132,130.00M 4,899,485.00M 26,913,447.00M 7,412,250.00M 4,672,097.00M 6,421,571.00M 8,993,722.00M 10,906,512.00M 0.00M 6,599,224.00M 1,199,081.00M -2,088,654.00M -2,143,465.00M -6,326,909.00M
Levered Free Cash Flow 61,804,889.28M 328,855,481.74M 21,273,050.27M 270,386,770.29M 200,438,547.99M 85,560,701.96M 63,134,161.97M 113,208,955.06M 133,067,623.57M 92,894,478.55M 89,012,932.41M 70,349,670.66M 87,899,212.34M 92,240,083.72M 6,245,170.77M 4,912,632.68M -28,690,858.56M -7,477,829.85M -6,088,759.13M -12,561,444.25M