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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Galp Energia, SGPS, S.A.

Ticker: GALP.LS | Industry: Oil & Gas Integrated | Sector: Energy
$16.13 +0.11 (0.69%)
As of: 2026-01-15

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Stock Price 15.97 17.08 12.14 11.29 9.35 9.34 14.24 15.56 14.51 12.48 10.03 11.81 12.04 11.74 14.17 13.04 10.72
Market Capitalization 11,953.46M 12,874.71M 9,656.64M 9,053.43M 7,706.87M 7,732.32M 11,545.72M 12,835.82M 11,870.82M 10,346.97M 8,461.53M 10,474.93M 10,803.86M 8,957.19M 11,816.82M 10,711.70M 8,843.71M
(-) Cash & Equivalents 2,332.67M 2,108.50M 2,124.50M 2,387.00M 1,617.75M 1,636.50M 1,354.75M 1,370.25M 989.00M 1,046.62M 1,177.90M 1,179.75M 1,837.60M 2,326.18M 309.36M 200.01M 60.96M
(+) Total Debt 4,911.33M 4,904.25M 4,893.00M 5,666.50M 4,673.75M 4,697.00M 4,170.25M 3,184.50M 2,890.00M 3,297.17M 3,550.02M 3,601.39M 3,930.51M 3,524.98M 3,570.84M 2,076.15M 545.01M
Enterprise Value 14,532.12M 15,670.46M 12,425.14M 12,332.93M 10,762.87M 10,792.82M 14,361.22M 14,650.07M 13,771.82M 12,597.52M 10,833.64M 12,896.58M 12,896.77M 10,155.99M 15,078.31M 12,587.83M 9,327.76M

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
Revenue 19,836M 21,534M 21,311M 20,769M 26,839M 16,111M 11,389M 16,560M 17,182M 15,204M 13,119M 15,517M 18,021M 19,620M 18,507M 16,804M 13,747M 11,728M 14,860M 12,433M 12,210M 11,137M 9,259M 821M 696M
Cost of Revenue 17,747M 18,807M 18,586M 16,790M 24,169M 14,276M 11,223M 15,222M 15,234M 13,737M 11,784M 14,729M 17,035M 18,400M 17,145M 15,484M 12,778M 10,193M 14,406M 11,060M 10,400M 9,162M 8,335M 0M 0M
Gross Profit 2,089M 2,727M 2,725M 3,979M 2,670M 1,835M 166M 1,338M 1,948M 1,467M 1,336M 787M 986M 1,220M 1,362M 1,320M 970M 1,535M 454M 1,373M 1,810M 1,975M 924M 821M 696M
Gross Profit Margin 10.5% 12.7% 12.8% 19.2% 9.9% 11.4% 1.5% 8.1% 11.3% 9.6% 10.2% 5.1% 5.5% 6.2% 7.4% 7.9% 7.1% 13.1% 3.1% 11.0% 14.8% 17.7% 10.0% 100.0% 100.0%
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 0M 0M 0M
SG&A Expenses 108M 87M 299M 471M 484M 301M 372M 249M 81M 23M 24M 427M 31M 30M 42M 0M 0M 0M 0M 0M 104M 99M 42M 395M 415M
Operating Expenses 138M 394M 175M 471M 271M 171M 441M 117M 304M 313M 780M 326M 768M 768M 783M 678M 248M 1,013M 246M 341M 1,013M 1,019M 445M 438M 927M
Operating Income (EBIT) 1,951M 2,333M 2,550M 3,508M 2,399M 1,664M -275M 1,221M 1,644M 1,154M 556M 462M 218M 452M 579M 642M 722M 522M 208M 1,032M 796M 956M 478M 383M -231M
Operating Income Margin 9.8% 10.8% 12.0% 16.9% 8.9% 10.3% -2.4% 7.4% 9.6% 7.6% 4.2% 3.0% 1.2% 2.3% 3.1% 3.8% 5.3% 4.5% 1.4% 8.3% 6.5% 8.6% 5.2% 46.7% -33.1%
Interest Income 110M 147M 135M 129M 62M 18M 17M 37M 45M 33M 34M 28M 48M 58M 62M 20M 27M 13M 13M 17M 12M 9M -8M 0M 0M
Interest Expense 224M 275M 246M 216M 153M 132M 155M 181M 41M 22M 62M 70M 140M 193M 83M 141M 114M 88M 64M 50M 37M 42M 46M 40M 76M
Net Interest Income -114M -128M -111M -87M -91M -114M -138M -144M 4M 11M -28M -41M -92M -135M -20M -120M -86M -75M -51M -34M -25M -33M -54M -40M -76M
Unusual Items -38M 269M -99M -836M 938M -707M 165M 202M 41M 109M 8M -47M -60M 58M 3M 70M -21M 4M -2M 51M 167M -30M 25M 25M 166M
EBT Excluding Unusual Items 1,837M 2,205M 2,439M 3,421M 2,308M 1,550M -413M 1,077M 1,648M 1,165M 528M 420M 126M 316M 558M 522M 636M 447M 157M 998M 771M 923M 424M 344M -306M
Pre-Tax Income 1,799M 2,474M 2,340M 2,585M 3,246M 843M -248M 1,279M 1,689M 1,274M 536M 373M 66M 375M 561M 591M 614M 451M 155M 1,049M 939M 893M 450M 369M -140M
Pre-Tax Margin 9.1% 11.5% 11.0% 12.4% 12.1% 5.2% -2.2% 7.7% 9.8% 8.4% 4.1% 2.4% 0.4% 1.9% 3.0% 3.5% 4.5% 3.8% 1.0% 8.4% 7.7% 8.0% 4.9% 45.0% -20.1%
Income Tax Expense 690M 850M 1,050M 997M 1,434M 652M 242M 742M 796M 567M 328M 219M 185M 136M 171M 149M 166M 99M 33M 268M 180M 189M 112M 119M 21M
Net Income 975M 1,342M 1,040M 1,242M 1,475M 191M -490M 537M 741M 614M 179M 123M -173M 189M 343M 442M 448M 353M 122M 781M 755M 701M 333M 250M 119M
Net Income Margin 4.9% 6.2% 4.9% 6.0% 5.5% 1.2% -4.3% 3.2% 4.3% 4.0% 1.4% 0.8% -1.0% 1.0% 1.9% 2.6% 3.3% 3.0% 0.8% 6.3% 6.2% 6.3% 3.6% 30.5% 17.1%
Depreciation & Amortization 876M 866M 946M 987M 1,380M 961M 1,289M 979M 679M 762M 634M 1M 78M 545M 137M 404M 331M 297M 240M 257M 168M 222M -29M 0M 0M
EBITDA 2,827M 3,199M 3,496M 4,495M 3,779M 2,625M 1,014M 2,200M 2,323M 1,916M 1,190M 462M 296M 996M 716M 1,046M 1,053M 819M 448M 1,288M 964M 1,179M 450M 383M -231M
EBITDA Margin 14.3% 14.9% 16.4% 21.6% 14.1% 16.3% 8.9% 13.3% 13.5% 12.6% 9.1% 3.0% 1.6% 5.1% 3.9% 6.2% 7.7% 7.0% 3.0% 10.4% 7.9% 10.6% 4.9% 46.7% -33.1%
NOPAT 1,203M 1,531M 1,406M 2,155M 1,339M 377M -217M 513M 869M 640M 215M 191M -392M 288M 403M 480M 526M 408M 164M 768M 643M 754M 359M 260M -182M
NOPAT Margin 6.1% 7.1% 6.6% 10.4% 5.0% 2.3% -1.9% 3.1% 5.1% 4.2% 1.6% 1.2% -2.2% 1.5% 2.2% 2.9% 3.8% 3.5% 1.1% 6.2% 5.3% 6.8% 3.9% 31.7% -26.2%
Owner's Earnings 573M 946M 609M 1,173M 1,777M 373M 150M 405M 310M 585M -229M -866M -927M -25M -370M -445M -578M -61M -291M 612M 587M 592M -102M -322M -379M
Owner's Earnings Margin 2.9% 4.4% 2.9% 5.6% 6.6% 2.3% 1.3% 2.4% 1.8% 3.8% -1.7% -5.6% -5.1% -0.1% -2.0% -2.6% -4.2% -0.5% -2.0% 4.9% 4.8% 5.3% -1.1% -39.3% -54.5%
EPS (Basic) 1.31 1.76 1.36 1.65 1.81 0.23 -0.59 0.65 0.89 0.72 0.22 0.15 -0.21 0.23 0.41 0.52 0.54 0.42 0.14 0.94 0.91 84.00 201.00 1.49 0.69
EPS (Diluted) 1.31 1.76 1.37 1.65 1.81 0.23 -0.59 0.65 0.89 0.74 0.22 0.15 -0.21 0.23 0.41 0.53 0.54 0.43 0.15 0.94 0.91 0.84 2.01 1.51 0.72
Shares (Basic) 745M 763M 761M 753M 815M 829M 829M 828M 829M 829M 829M 829M 829M 829M 829M 829M 829M 829M 829M 829M 829M 829M 166M 166M 166M
Shares (Diluted) 745M 763M 761M 753M 815M 829M 835M 828M 833M 829M 829M 829M 829M 829M 829M 829M 829M 829M 829M 829M 829M 829M 166M 166M 166M

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
Cash & Cash Equivalents 2,410.00M 2,229.00M 2,285.00M 2,200.00M 2,432.00M 1,942.00M 1,678.00M 1,460.00M 1,508.00M 1,197.00M 1,033.50M 1,130.61M 1,143.98M 1,503.39M 1,886.72M 298.43M 188.03M 243.84M 127.00M 107.18M 212.47M 157.64M 234.09M 178.96M 131.88M
Short-Term Investments 548.00M 576.00M 110.00M 166.00M 305.00M 992.00M 149.00M 131.00M 200.00M 66.00M 0.00M 0.00M 0.00M 0.64M 1.04M 2.28M 5.07M 1.80M 3.00M 6.16M 14.02M 10.19M 4.76M 0.00M 0.00M
Cash & Short-Term Investments 2,958.00M 2,805.00M 2,395.00M 2,366.00M 2,737.00M 2,934.00M 1,827.00M 1,591.00M 1,708.00M 1,263.00M 1,033.50M 1,130.61M 1,143.98M 1,504.03M 1,887.76M 300.71M 193.10M 245.64M 130.00M 113.33M 226.49M 167.83M 238.85M 178.96M 131.88M
Net Receivables 1,882.00M 2,261.00M 1,978.00M 2,213.00M 1,865.00M 2,154.00M 964.00M 0.00M 1,230.00M 1,945.00M 1,171.00M 959.41M 2,344.96M 2,030.16M 0.00M 1,541.19M 1,577.03M 1,284.18M 1,393.74M 1,183.36M 1,130.17M 1,049.13M 0.00M 0.00M 0.00M
Inventory 1,198.00M 1,263.00M 1,101.00M 1,447.00M 1,363.00M 1,008.00M 708.00M 1,055.00M 1,171.00M 970.00M 868.92M 872.52M 1,210.37M 1,845.61M 1,976.13M 1,874.81M 1,570.13M 1,228.83M 1,076.00M 1,422.06M 1,065.26M 1,199.36M 676.72M 719.37M 654.60M
Other Current Assets 0.00M 148.00M 1,901.00M 690.00M 1,383.00M 112.00M 985.00M 0.00M 817.00M 1,060.00M 1,059.00M 1,149.82M 1,233.74M 720.77M 1,962.17M 63.94M 66.63M 67.17M 66.04M 208.23M 133.99M 161.59M 561.77M 0.00M 0.00M
Total Current Assets 6,038.00M 6,477.00M 7,375.00M 6,716.00M 7,348.00M 6,208.00M 4,484.00M 2,646.00M 4,926.00M 5,238.00M 4,132.42M 4,112.36M 5,933.06M 6,100.57M 5,826.06M 3,780.65M 3,406.89M 2,825.82M 2,665.78M 2,926.99M 2,555.91M 2,577.90M 1,477.33M 898.33M 786.49M
Property, Plant & Equipment 7,200.00M 7,184.00M 7,409.00M 7,659.00M 6,817.00M 6,249.00M 5,880.00M 8,004.00M 5,334.00M 5,554.00M 5,910.11M 5,215.72M 5,052.36M 4,565.29M 4,489.92M 4,159.44M 3,588.50M 3,190.29M 2,760.00M 2,107.74M 1,927.25M 2,554.77M 3,252.29M 3,281.59M 3,201.07M
Goodwill 44.00M 44.00M 44.00M 44.00M 70.00M 85.00M 85.00M 85.00M 85.00M 94.00M 88.41M 138.69M 232.34M 242.37M 241.28M 231.87M 242.84M 189.29M 172.00M 17.22M 27.29M 20.48M 69.20M 15.10M 0.04M
Intangible Assets 622.00M 691.00M 695.00M 659.00M 673.00M 645.00M 531.00M 579.00M 548.00M 400.00M 265.90M 1,401.33M 1,439.93M 1,535.67M 1,448.86M 1,301.48M 1,307.87M 497.72M 409.00M 309.50M 314.51M 367.29M 423.79M 572.83M 555.83M
Long-Term Investments 508.00M 97.00M 28.00M 879.00M 267.00M -455.00M 407.00M 774.00M 1,129.00M 1,452.00M 1,584.00M 1,462.80M 810.19M 533.39M 420.48M 307.82M 282.23M 228.37M 300.00M 145.12M 135.78M 138.32M 199.02M 0.00M 0.00M
Tax Assets 719.00M 660.00M 669.00M 615.00M 559.00M 485.00M 509.00M 367.00M 369.00M 293.00M 334.98M 462.13M 363.97M 271.07M 252.21M 198.02M 216.29M 209.95M 200.00M 131.89M 145.50M 158.92M 0.00M 0.00M 0.00M
Other Non-Current Assets 123.00M 397.00M 461.00M 32.00M 669.00M 1,694.00M 745.00M -642.00M 495.00M 320.00M 123.35M 0.00M 383.40M 953.85M 1,079.55M 173.63M 116.92M 100.48M 87.00M 95.31M 120.75M 106.42M 37.53M -3,869.52M -3,756.94M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 1.00M 0.00M 0.00M 1.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,276.91M 1,354.23M
Total Non-Current Assets 9,216.00M 9,073.00M 9,306.00M 9,888.00M 9,055.00M 8,704.00M 8,157.00M 9,167.00M 7,961.00M 8,113.00M 8,306.76M 8,680.67M 8,282.18M 8,101.64M 7,932.28M 6,372.26M 5,754.66M 4,416.09M 3,928.00M 2,806.78M 2,671.07M 3,346.21M 3,981.83M 1,276.91M 1,354.23M
Total Assets 15,254.00M 15,550.00M 16,681.00M 16,604.00M 16,403.00M 14,912.00M 12,641.00M 11,813.00M 12,887.00M 13,351.00M 12,439.18M 12,793.03M 14,215.24M 14,202.21M 13,758.34M 10,152.90M 9,161.54M 7,241.91M 6,593.78M 5,733.77M 5,226.99M 5,924.11M 5,459.16M 2,175.25M 2,140.72M
Accounts Payable 812.00M 1,065.00M 945.00M 1,268.00M 1,005.00M 811.00M 650.00M 852.00M 933.00M 889.00M 850.00M 656.35M 898.05M 1,509.62M 1,469.23M 1,364.74M 1,489.81M 1,121.57M 993.27M 955.55M 692.38M 706.38M 492.09M 599.61M 591.98M
Short-Term Debt 720.00M 620.00M 367.00M 575.00M 800.00M 1,305.00M 539.00M 278.00M 559.00M 551.00M 325.00M 492.91M 303.61M 373.69M 1,105.59M 1,528.86M 616.46M 423.64M 687.00M 335.77M 586.52M 257.39M 632.61M 0.00M 0.00M
Tax Payables 0.00M 220.00M 332.00M 311.00M 707.00M 475.00M 283.00M 496.00M 430.00M 489.00M 419.73M 303.84M 357.95M 368.47M 375.97M 0.00M 45.03M 0.00M 0.00M 0.00M 410.46M 373.07M 361.26M 0.00M 0.00M
Deferred Revenue 42.00M 0.00M 26.00M -24.00M 70.00M 30.00M 14.00M 1,568.00M 430.00M 489.00M 419.73M 303.84M 357.95M 1,498.69M 375.97M 0.00M 45.03M 0.00M 989.00M 0.00M 410.46M 373.07M 1,629.49M 0.00M 0.00M
Other Current Liabilities 1,718.00M 82.00M -574.00M 1,064.00M 2,174.00M 1,345.00M 893.00M 751.00M 62.00M 330.00M 790.00M 753.27M 871.28M 869.62M 933.69M 1,063.30M 989.67M 923.83M 925.10M 625.12M 606.01M 597.20M 1,178.15M -599.61M -591.98M
Total Current Liabilities 3,292.00M 1,987.00M 1,096.00M 3,194.00M 4,756.00M 3,966.00M 2,379.00M 3,945.00M 2,414.00M 2,748.00M 2,804.46M 2,510.20M 2,788.84M 4,620.09M 4,260.46M 3,956.89M 3,186.00M 2,469.04M 3,594.36M 1,916.44M 2,705.81M 2,307.09M 4,293.59M 0.00M 0.00M
Long-Term Debt 3,074.00M 3,025.00M 3,125.00M 3,026.00M 3,187.00M 2,995.00M 3,204.00M 2,616.00M 2,686.00M 2,690.00M 2,758.00M 3,059.53M 3,361.12M 3,303.72M 2,477.33M 2,275.88M 2,412.12M 1,755.11M 1,307.00M 505.49M 512.86M 1,091.76M 1,094.06M 1,366.85M 1,215.58M
Capital Lease Obligations 0.00M 1,303.00M 1,415.00M 1,810.00M 1,277.00M 1,179.00M 1,089.00M 1,224.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 412.00M 435.00M 579.00M 476.00M 555.00M 653.00M 479.00M 299.00M 196.00M 82.00M 65.81M 109.38M 121.19M 128.58M 130.62M 84.49M 84.27M 56.68M 18.00M 147.59M 92.93M 132.28M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 1,867.00M 1,877.00M 1,927.00M 1,835.00M 1,818.00M 1,729.00M 1,527.00M 1,262.00M 1,108.00M 1,076.00M 980.00M 1,403.05M 1,151.81M 1,039.09M 1,006.23M 836.39M 761.59M 494.02M 1.00M 397.88M 260.72M 238.88M 297.34M -1,366.85M -1,215.58M
Total Non-Current Liabilities 5,353.00M 6,640.00M 7,046.00M 7,147.00M 6,837.00M 6,556.00M 6,299.00M 5,401.00M 3,990.00M 3,848.00M 3,803.81M 4,571.95M 4,634.12M 4,471.39M 3,614.18M 3,196.75M 3,257.98M 2,305.81M 1,326.00M 1,050.96M 866.51M 1,462.91M 1,391.41M 0.00M 0.00M
Total Liabilities 8,645.00M 8,627.00M 8,142.00M 10,341.00M 11,593.00M 10,522.00M 8,678.00M 9,346.00M 6,404.00M 6,596.00M 6,608.27M 7,082.16M 7,422.95M 9,091.48M 7,874.63M 7,153.64M 6,443.98M 4,774.86M 4,920.36M 2,967.40M 3,572.32M 3,770.00M 5,685.00M 0.00M 0.00M
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 0.00M 0.00M 0.00M
Common Stock 753.00M 753.00M 753.00M 773.00M 815.00M 829.00M 911.00M 829.00M 829.00M 829.00M 829.25M 829.25M 829.25M 829.25M 829.25M 829.25M 829.25M 829.25M 829.00M 829.25M 829.25M 829.25M 829.25M 829.25M 829.25M
Retained Earnings 2,866.00M 2,831.00M 2,418.00M 2,187.00M 1,701.00M 813.00M 1,281.00M 2,153.00M 1,832.00M 1,202.00M 974.11M 1,178.43M 1,391.94M 1,854.74M 1,859.37M 1,444.54M 1,599.96M 1,324.43M 1,137.00M 1,494.19M 1,009.53M 1,369.81M 860.14M 137.56M 433.85M
Accumulated OCI 981.00M 964.00M 1,565.00M 1,449.00M 1,562.00M 1,327.00M 968.00M 1,356.00M 1,844.00M 2,541.00M 601.00M 911.26M 2,407.94M 2,128.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 785.00M 775.00M 950.00M 920.00M 956.00M 918.00M 940.00M 1,237.00M 1,460.00M 1,461.00M 1,562.94M 1,416.05M 1,420.18M 1,254.89M 1,304.80M 55.97M 32.20M 27.18M 25.00M 21.99M 18.54M 24.65M 26.88M 24.18M 28.50M
Total Shareholders’ Equity 4,600.00M 4,548.00M 4,736.00M 4,409.00M 4,078.00M 2,969.00M 3,160.00M 4,338.00M 4,505.00M 4,572.00M 2,404.36M 2,918.94M 4,629.13M 4,812.20M 2,688.62M 2,273.79M 2,429.21M 2,153.68M 1,966.00M 2,323.44M 1,838.78M 2,199.06M 1,689.39M 966.81M 1,263.10M
Total Equity 5,385.00M 5,323.00M 5,686.00M 5,329.00M 5,034.00M 3,887.00M 4,100.00M 5,575.00M 5,965.00M 6,033.00M 3,967.30M 4,334.98M 6,049.32M 6,067.09M 3,993.42M 2,329.76M 2,461.41M 2,180.87M 1,991.00M 2,345.43M 1,857.32M 2,223.70M 1,716.27M 990.98M 1,291.61M
Total Liabilities & Equity 14,030.00M 13,950.00M 13,828.00M 15,670.00M 16,627.00M 14,409.00M 12,778.00M 14,921.00M 12,369.00M 12,629.00M 10,575.57M 11,417.14M 13,472.27M 15,158.57M 11,868.05M 9,483.40M 8,905.39M 6,955.72M 6,911.36M 5,312.83M 5,429.64M 5,993.70M 7,401.27M 990.98M 1,291.61M
Tangible Assets 14,588.00M 14,815.00M 15,942.00M 15,901.00M 15,660.00M 14,182.00M 12,025.00M 11,149.00M 12,254.00M 12,857.00M 12,084.87M 11,253.02M 12,542.97M 12,424.17M 12,068.21M 8,619.55M 7,610.83M 6,554.90M 6,012.78M 5,407.04M 4,885.19M 5,536.34M 4,966.17M 1,587.32M 1,584.84M
Tangible Equity 4,719.00M 4,588.00M 4,947.00M 4,626.00M 4,291.00M 3,157.00M 3,484.00M 4,911.00M 5,332.00M 5,539.00M 3,612.99M 2,794.97M 4,377.05M 4,289.05M 2,303.29M 796.42M 910.69M 1,493.86M 1,410.00M 2,018.70M 1,515.52M 1,835.93M 1,223.28M 403.06M 735.73M
Tangible Book Value 4,719.00M 4,588.00M 4,947.00M 4,626.00M 4,291.00M 3,157.00M 3,484.00M 4,911.00M 5,332.00M 5,539.00M 3,612.99M 2,794.97M 4,377.05M 4,289.05M 2,303.29M 796.42M 910.69M 1,493.86M 1,410.00M 2,018.70M 1,515.52M 1,835.93M 1,223.28M 403.06M 735.73M
Total Investments 1,056.00M 576.00M 138.00M 1,045.00M 572.00M 537.00M 556.00M 905.00M 1,329.00M 1,518.00M 1,584.00M 1,462.80M 810.19M 534.03M 421.52M 310.10M 287.29M 230.17M 303.00M 151.28M 149.81M 148.51M 203.77M 253.37M 236.15M
Net Debt 1,384.00M 1,416.00M 1,207.00M 1,401.00M 1,555.00M 2,358.00M 2,065.00M 1,434.00M 1,737.00M 2,044.00M 2,049.50M 2,421.83M 2,520.75M 2,174.02M 1,696.20M 3,506.31M 2,840.55M 1,934.91M 1,867.00M 734.08M 886.91M 1,191.51M 1,492.58M 1,187.88M 1,083.70M

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
Working Capital 2,382.0M 2,516.0M 3,146.0M 2,342.0M 2,727.0M 1,669.0M 2,087.0M 1,724.0M 2,092.0M 1,815.0M 1,974.9M 2,080.4M 2,776.7M 2,785.5M 2,387.9M -234.1M 214.4M 319.6M 28.0M 670.5M 367.1M 652.5M -676.2M 298.7M 194.5M
Total Capital 9,232.0M 9,276.0M 9,597.0M 9,820.0M 9,425.0M 8,531.0M 7,993.0M 8,539.0M 7,832.0M 7,702.0M 7,883.2M 8,324.2M 8,668.9M 8,837.9M 8,984.1M 6,689.9M 5,707.5M 4,541.5M 4,188.0M 3,245.6M 3,117.5M 3,710.4M 3,614.0M 2,993.8M 2,647.7M
Capital Employed 11,598.0M 11,545.0M 12,452.0M 12,230.0M 11,782.0M 10,373.0M 10,244.0M 10,891.0M 10,053.0M 9,928.0M 10,281.7M 10,761.1M 11,058.8M 10,887.2M 10,320.2M 6,138.2M 5,969.0M 4,735.7M 3,956.0M 3,477.3M 3,038.1M 3,998.7M 3,305.6M 5,445.1M 5,305.7M
Invested Capital 6,822.0M 7,047.0M 7,312.0M 7,620.0M 6,993.0M 6,589.0M 6,315.0M 7,079.0M 6,324.0M 6,505.0M 6,849.7M 7,193.5M 7,524.9M 7,334.6M 7,097.4M 6,391.4M 5,519.4M 4,297.7M 4,061.0M 3,138.4M 2,905.0M 3,552.7M 3,379.9M 2,814.9M 2,515.8M

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
Net Income 1,191.00M 1,341.00M 1,040.00M 1,242.00M 3,246.00M 843.00M -551.00M 389.00M 741.00M 614.00M 179.10M 122.57M -173.39M 188.66M 343.30M 442.11M 447.80M 352.80M 122.00M 781.20M 938.66M 893.39M 449.61M 250.44M 118.86M
Depreciation & Amortization 875.00M 866.00M 946.00M 987.00M 1,380.00M 961.00M 1,289.00M 979.00M 679.00M 762.00M 634.00M 543.71M 485.99M 544.57M 362.82M 403.96M 331.20M 296.69M 240.00M 256.85M 167.65M 222.41M 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 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 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 398.00M -12.00M 556.00M 179.00M 245.00M -1,263.00M 112.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3,821.64M 3,173.98M 0.00M 3,058.44M 2,711.44M
Accounts Receivable 610.00M -250.00M 489.00M -35.00M 493.00M -1,045.00M 229.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -95.00M 338.00M 391.00M -50.00M -473.00M -329.00M 351.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -117.00M -51.00M 0.00M 264.00M 225.00M 111.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -59.00M -324.00M 0.00M 714.00M -443.00M -468.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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-Cash Items -426.00M 1,243.00M -15.00M 220.00M -1,800.00M 511.00M 38.00M 524.00M -741.00M -614.00M -179.10M -122.57M 173.39M -733.23M -343.30M -846.06M -779.00M -649.48M -362.00M -1,038.05M -4,148.34M -3,636.74M 408.29M -2,758.47M -2,281.59M
Net Cash from Operating Activities 2,038.00M 2,173.00M 2,527.00M 2,628.00M 3,071.00M 1,052.00M 888.00M 1,892.00M 1,479.00M 1,400.00M 1,156.29M 1,392.78M 779.75M 799.25M 288.14M 1,039.94M 738.73M 741.51M 495.43M 851.94M 779.62M 653.05M 857.90M 550.41M 548.71M
Capital Expenditures (PPE) -1,278.00M -1,262.00M -1,377.00M -1,056.00M -1,078.00M -779.00M -649.00M -1,111.00M -1,110.00M -791.00M -1,042.56M -989.81M -831.84M -757.77M -850.90M -1,290.59M -1,356.84M -710.61M -653.14M -425.69M -335.42M -331.08M -406.39M -572.85M -498.17M
Acquisitions (Net) -9.00M 309.00M 0.00M 0.00M -48.00M 423.00M -67.00M 241.00M 145.00M 1.00M 1.00M 68.89M 0.00M 313.14M 0.00M 22.61M -13.17M 43.90M -5.44M 23.77M 19.33M 71.69M 0.00M 0.00M 0.00M
Purchases of Investments -25.00M -28.00M 0.00M 0.00M -188.00M -104.00M -356.00M -63.00M -90.00M -254.00M -190.00M -308.35M 0.00M -215.69M 0.00M -31.32M -98.02M -3.49M -543.75M -10.82M -6.32M -3.84M -6.85M -53.80M -84.94M
Sales / Maturities of Investments 0.00M -77.00M 0.00M 0.00M 188.00M 779.00M 180.00M 478.00M 332.00M -186.00M -25.39M -272.98M -230.49M -86.23M -163.92M 6.72M 3.74M 39.08M 7.78M 14.12M 25.11M 85.81M 86.85M 0.00M 0.00M
Other Investing Activities 836.00M 461.00M 328.00M 39.00M -140.00M -779.00M 218.00M 1.00M -1.00M 230.00M 215.67M 424.03M 215.61M 52.57M -820.67M 74.38M 78.92M 60.08M 61.52M 126.63M 853.46M 67.41M 45.58M 354.16M 128.75M
Net Cash from Investing Activities -476.00M -905.00M -1,049.00M -1,017.00M -1,266.00M -460.00M -674.00M -454.00M -724.00M -747.00M -852.28M -838.76M -846.72M -693.99M -1,835.49M -1,218.20M -1,385.36M -571.04M -1,133.03M -271.98M 556.16M -110.01M -280.81M -272.48M -454.36M
Net Debt Issuance 117.00M 20.00M 14.00M -662.00M -318.00M 404.00M 900.00M -482.00M 256.00M 193.00M -32.00M -125.25M -68.89M 144.87M 129.97M 684.74M 964.74M 197.83M 744.65M -164.17M -268.89M -308.54M -350.61M -125.05M -3.90M
Long-Term Debt Issuance 167.00M 67.00M 14.00M -505.00M -186.00M 404.00M 790.00M -383.00M 256.00M 193.00M -32.00M -125.25M -68.89M 144.87M 129.97M 684.74M 964.74M 250.69M 744.65M -164.17M -268.89M -308.54M -350.61M -125.05M -3.90M
Short-Term Debt Issuance -26.00M -47.00M 0.00M -157.00M -132.00M 0.00M -110.00M -99.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -6.86M -52.86M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -201.00M -516.00M -351.00M -500.00M -150.00M 0.00M 0.00M -244.00M 21.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3,597.36M 0.00M 0.00M 0.00M 0.34M 0.00M 0.35M 0.26M -0.01M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 145.00M 0.00M 21.00M 68.00M 0.00M 0.00M 0.00M 0.00M 3,597.36M 0.00M 0.00M 0.00M 0.34M 0.00M 0.35M 0.26M 0.00M 0.00M 0.00M
Common Stock Repurchased -201.00M -516.00M -351.00M -500.00M -150.00M 0.00M -145.00M -244.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.01M 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
Net Dividends Paid -480.00M -419.00M -419.00M -422.00M -420.00M -498.00M -398.00M -558.00M -512.00M -491.00M -387.41M -318.21M -274.86M -221.96M -269.70M -118.22M -166.97M -193.60M -264.00M -379.03M -1,095.13M -215.94M -46.94M -44.75M -41.05M
Common Dividends Paid -480.00M -419.00M -419.00M -422.00M -420.00M -498.00M -398.00M -558.00M -512.00M -491.00M -387.00M -318.21M -274.86M -221.96M -269.70M -118.22M -166.97M -193.60M -264.00M -379.03M -1,095.13M -215.94M -46.94M -44.75M -41.05M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 80.00M -65.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -545.00M -469.00M -594.00M -328.00M -369.00M -436.00M -392.00M -170.00M -93.00M -47.00M 0.00M -130.51M -154.95M -221.21M -184.41M -182.67M -99.00M -20.28M -0.11M -0.42M -60.68M 80.79M -12.98M -79.67M -97.61M
Net Cash from Financing Activities -1,109.00M -1,367.00M -1,350.00M -1,912.00M -1,257.00M -530.00M 190.00M -1,519.00M -328.00M -345.00M -556.25M -573.97M -498.70M -298.30M 3,273.22M 383.85M 533.98M -16.05M 424.93M -589.32M -1,424.35M -522.17M -410.54M -249.46M -142.56M
Effect of FX on Cash -47.00M -97.00M 81.00M -48.00M 62.00M 75.00M -160.00M 8.00M -19.00M -135.00M 130.63M 41.39M 182.89M -134.93M -18.15M -8.81M 2.65M 23.12M -9.26M -8.36M -4.24M 4.98M -5.18M 4.75M 7.31M
Net Change in Cash 405.00M -242.00M 208.00M -350.00M 609.00M 137.00M 244.00M -73.00M 408.00M 173.00M -121.61M 21.46M -382.78M -327.96M 1,707.72M 196.78M -110.01M 177.55M -221.93M -17.73M -92.81M 25.85M 161.37M 33.21M -40.90M
Cash at Beginning of Period 8,855.00M 8,566.00M 2,071.00M 2,421.00M 1,812.00M 1,675.00M 1,431.00M 1,504.00M 1,096.00M 923.00M 1,044.85M 1,023.40M 1,406.17M 1,733.20M 25.48M -171.30M -61.29M -238.84M -16.91M 0.82M 93.63M 67.78M -103.34M -138.33M -101.44M
Cash at End of Period 9,266.00M 8,324.00M 2,279.00M 2,071.00M 2,421.00M 1,812.00M 1,675.00M 1,431.00M 1,504.00M 1,096.00M 923.24M 1,044.85M 1,023.40M 1,405.24M 1,733.20M 25.48M -171.30M -61.29M -238.84M -16.91M 0.82M 93.63M 58.04M -105.13M -142.33M
Operating Cash Flow 1,986.00M 2,173.00M 2,429.00M 2,628.00M 3,071.00M 1,052.00M 888.00M 1,892.00M 1,479.00M 1,400.00M 1,156.29M 1,392.78M 779.75M 799.25M 288.14M 1,039.94M 738.73M 741.51M 495.43M 851.94M 779.62M 653.05M 857.90M 550.41M 548.71M
Capital Expenditure -1,278.00M -1,262.00M -1,377.00M -1,056.00M -1,078.00M -779.00M -649.00M -1,111.00M -1,110.00M -791.00M -1,042.56M -989.81M -831.84M -757.77M -850.90M -1,290.59M -1,356.84M -710.61M -653.14M -425.69M -335.42M -331.08M -406.39M -572.85M -498.17M
Free Cash Flow 708.00M 911.00M 1,052.00M 1,572.00M 1,993.00M 273.00M 239.00M 781.00M 369.00M 609.00M 113.74M 402.97M -52.09M 41.48M -562.76M -250.65M -618.11M 30.91M -157.71M 426.25M 444.20M 321.96M 451.51M -22.44M 50.54M

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
EBITDA 2,857.00M 3,506.00M 3,372.00M 4,495.00M 3,566.00M 2,495.00M 1,083.00M 2,068.00M 2,546.00M 2,206.00M 1,945.85M 360.69M 1,033.10M 1,734.90M 1,457.27M 1,723.98M 1,300.93M 1,831.71M 694.00M 1,629.73M 1,873.41M 2,098.90M 852.67M 425.51M 281.23M
(-) Tax Adjustment 999.95M 1,204.57M 1,180.20M 1,573.25M 1,248.10M 873.25M 0.00M 723.80M 891.10M 772.10M 681.05M 126.24M 361.59M 607.22M 443.23M 434.76M 352.51M 400.10M 147.75M 416.28M 359.29M 443.64M 212.25M 136.79M 0.00M
(-) Change In Working Capital 398.00M -12.00M 556.00M 179.00M 245.00M -1,263.00M 112.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3,821.64M 3,173.98M 0.00M 3,058.44M 2,711.44M
(-) Capital Expenditure -1,278.00M -1,262.00M -1,377.00M -1,056.00M -1,078.00M -779.00M -649.00M -1,111.00M -1,110.00M -791.00M -1,042.56M -989.81M -831.84M -757.77M -850.90M -1,290.59M -1,356.84M -710.61M -653.14M -425.69M -335.42M -331.08M -406.39M -572.85M -498.17M
Unlevered Free Cash Flow 181.05M 1,051.43M 258.80M 1,686.75M 994.90M 2,105.75M 322.00M 233.20M 544.90M 642.90M 222.25M -755.36M -160.32M 369.92M 163.14M -1.37M -408.41M 721.01M -106.89M 787.76M -2,642.94M -1,849.81M 234.04M -3,342.57M -2,928.38M
(-) Net Interest Income After Taxes -74.10M -84.02M -72.15M -56.55M -59.15M -74.10M -138.00M -93.60M 2.60M 7.15M -18.20M -26.71M -59.98M -87.86M -14.19M -89.84M -62.99M -58.61M -40.14M -25.07M -20.04M -25.84M -40.61M -26.80M -75.53M
Net Debt Issuance 117.00M 20.00M 14.00M -662.00M -318.00M 404.00M 900.00M -482.00M 256.00M 193.00M -32.00M -125.25M -68.89M 144.87M 129.97M 684.74M 964.74M 197.83M 744.65M -164.17M -268.89M -308.54M -350.61M -125.05M -3.90M
Levered Free Cash Flow 372.15M 1,155.46M 344.95M 1,081.30M 736.05M 2,583.85M 1,360.00M -155.20M 798.30M 828.75M 208.45M -853.90M -169.23M 602.65M 307.31M 773.20M 619.31M 977.45M 677.90M 648.66M -2,891.80M -2,132.51M -75.95M -3,440.81M -2,856.74M