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Page: Company Financials

VZ Holding AG

Ticker: VZN.SW | Industry: Asset Management | Sector: Financial Services
$159.80 -2.60 (-1.60%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Stock Price 130.20 90.20 70.50 88.10 75.85 56.35 57.70 63.83 59.53 52.05 32.62 29.81 20.47 23.84 20.75 12.88 11.80 20.13 70.00
Market Capitalization 5,137.84M 3,548.40M 2,771.87M 3,471.10M 2,977.83M 2,220.65M 2,293.19M 2,544.52M 2,382.79M 2,078.09M 1,290.48M 1,178.51M 806.03M 942.09M 821.14M 511.65M 473.83M 805.00M 2,800.00M
(-) Cash & Equivalents 1,611.31M 1,357.92M 1,490.34M 1,767.26M 1,560.12M 1,043.32M 750.34M 608.54M 726.61M 545.19M 412.56M 339.17M 116.62M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
(+) Total Debt 754.57M 509.19M 666.54M 966.86M 875.81M 441.88M 198.90M 132.70M 118.44M 115.46M 102.76M 72.12M 14.94M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Enterprise Value 4,281.09M 2,699.67M 1,948.06M 2,670.70M 2,293.52M 1,619.21M 1,741.76M 2,068.67M 1,774.62M 1,648.37M 980.68M 911.46M 704.35M 942.09M 821.14M 511.65M 473.83M 805.00M 2,800.00M

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
Revenue 1,144M 871M 568M 517M 421M 392M 332M 309M 289M 263M 235M 226M 197M 171M 156M 143M 133M 110M 104M 94M 74M
Cost of Revenue 269M 63M 186M 175M 27M 24M 22M 25M 117M 107M 94M 4M 78M 70M 56M 0M 0M 0M 0M 0M 32M
Gross Profit 876M 807M 382M 343M 393M 368M 311M 284M 172M 157M 142M 222M 119M 102M 100M 143M 133M 110M 104M 94M 42M
Gross Profit Margin 76.5% 92.7% 67.3% 66.2% 93.5% 94.0% 93.5% 92.0% 59.6% 59.5% 60.2% 98.2% 60.6% 59.3% 64.1% 100.0% 100.0% 100.0% 100.0% 100.0% 56.8%
R&D Expenses 0M 1M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 165M 38M 28M 17M 43M 44M 36M 32M 31M 34M 27M 25M 21M 19M 16M 0M 0M 0M 43M 11M 11M
Operating Expenses 165M 174M 118M 17M 217M 201M 174M 161M 50M 50M 41M 121M 33M 29M 33M 80M 72M 64M 59M 55M 11M
Operating Income (EBIT) 711M 634M 264M 326M 176M 167M 137M 124M 122M 106M 100M 100M 86M 73M 66M 63M 61M 46M 44M 39M 31M
Operating Income Margin 62.1% 72.8% 46.4% 63.0% 41.9% 42.7% 41.2% 40.0% 42.3% 40.3% 42.6% 44.5% 43.8% 42.5% 42.7% 44.0% 46.2% 42.2% 42.7% 41.3% 41.3%
Interest Income 2M 1M 1M 1M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 1M 2M 34M 1M 2M 0M 1M 5M 6M 4M 0M 0M 0M 0M 0M 0M 0M 0M 2M 0M 0M
Net Interest Income 1M -1M -34M -1M -2M 0M -1M -5M -6M -4M 0M 0M 0M 0M 0M 0M 0M 0M -2M 0M 0M
Unusual Items -212M -446M 24M -107M 2M 0M 0M 5M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 1M
EBT Excluding Unusual Items 712M 632M 230M 325M 174M 167M 136M 119M 117M 103M 100M 101M 86M 73M 67M 63M 61M 46M 42M 39M 31M
Pre-Tax Income 500M 187M 253M 218M 176M 167M 137M 124M 117M 103M 100M 101M 86M 73M 67M 63M 61M 46M 42M 39M 32M
Pre-Tax Margin 43.7% 21.4% 44.7% 42.1% 41.7% 42.6% 41.1% 40.2% 40.4% 38.9% 42.7% 44.5% 43.8% 42.6% 42.9% 44.0% 45.9% 42.1% 40.8% 40.8% 42.9%
Income Tax Expense 68M 26M 34M 31M 24M 24M 19M 22M 18M 16M 16M 16M 16M 13M 13M 12M 12M 9M 8M 8M 6M
Net Income 430M 239M 218M 187M 151M 143M 117M 102M 98M 87M 84M 84M 70M 60M 54M 51M 49M 38M 34M 31M 26M
Net Income Margin 37.6% 27.5% 38.5% 36.1% 35.9% 36.4% 35.3% 33.1% 33.9% 32.9% 35.7% 37.3% 35.8% 35.1% 34.9% 35.6% 37.1% 34.2% 33.1% 32.4% 34.8%
Depreciation & Amortization 50M 199M 25M 23M 22M 20M 18M 18M 10M 8M 7M 3M 3M 2M 3M 3M 2M 2M 2M 2M 1M
EBITDA 760M 832M 289M 349M 198M 188M 155M 141M 133M 115M 107M 104M 89M 75M 70M 66M 64M 49M 47M 41M 32M
EBITDA Margin 66.4% 95.6% 50.9% 67.4% 47.0% 47.9% 46.7% 45.7% 45.9% 43.5% 45.5% 46.0% 45.1% 43.7% 44.8% 46.0% 48.0% 44.3% 44.9% 43.3% 43.1%
NOPAT 614M 545M 228M 279M 152M 144M 118M 102M 103M 90M 84M 84M 70M 60M 54M 51M 50M 38M 36M 31M 25M
NOPAT Margin 53.6% 62.6% 40.1% 54.0% 36.1% 36.6% 35.5% 32.9% 35.6% 34.1% 35.7% 37.3% 35.7% 35.0% 34.7% 35.5% 37.3% 34.2% 34.6% 32.8% 33.5%
Owner's Earnings 455M 390M 221M 206M 140M 142M 117M 108M 99M 35M 86M 82M 67M 58M 54M 50M 49M 39M 35M 28M 27M
Owner's Earnings Margin 39.8% 44.7% 38.9% 39.7% 33.3% 36.3% 35.3% 35.1% 34.3% 13.2% 36.5% 36.4% 34.0% 33.8% 34.4% 34.7% 36.6% 35.2% 33.4% 29.6% 36.5%
EPS (Basic) 10.91 6.09 5.52 4.75 3.85 3.62 2.99 2.59 2.47 2.18 2.11 2.12 1.78 1.52 1.38 1.30 1.25 0.95 0.86 0.76 0.64
EPS (Diluted) 10.88 6.08 5.52 4.74 3.85 3.62 2.99 2.59 2.47 2.18 2.10 2.11 1.78 1.52 1.38 1.29 1.25 0.95 0.86 0.76 0.64
Shares (Basic) 39M 39M 39M 39M 39M 39M 39M 39M 40M 40M 40M 40M 39M 39M 39M 39M 39M 39M 40M 40M 40M
Shares (Diluted) 40M 39M 40M 39M 39M 39M 39M 39M 40M 40M 40M 40M 40M 40M 39M 40M 40M 40M 40M 40M 40M

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
Cash & Cash Equivalents 1,918.78M 1,693.33M 1,693.33M 1,419.72M 1,290.23M 1,799.09M 1,630.20M 1,242.49M 724.27M 695.46M 758.34M 493.75M 607.90M 410.33M 233.24M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Investments 346.54M 217.23M 217.23M 144.02M 172.49M 89.28M 116.39M 207.54M 278.24M 215.65M 157.41M 197.21M 439.77M 288.92M 212.07M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 2,265.32M 1,910.56M 1,910.56M 1,563.74M 1,462.72M 1,888.37M 1,746.59M 1,450.02M 1,002.51M 911.11M 915.75M 690.96M 1,047.67M 699.25M 445.31M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Receivables 146.74M 268.04M 268.04M 224.88M 73.02M 70.09M 134.89M 49.59M 43.26M 54.99M 36.13M 33.98M 30.68M 28.95M 34.69M 29.25M 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
Other Current Assets 65.61M 15.18M 15.18M 10.83M 26.73M 25.87M -40.13M 35.90M 22.84M 28.90M 18.14M 13.44M 7.21M 5.41M 1.48M 1.38M 0.00M 0.00M 0.00M 0.00M
Total Current Assets 2,477.67M 2,193.77M 2,193.77M 1,799.45M 1,562.47M 1,984.33M 1,841.35M 1,535.52M 1,068.62M 995.00M 970.02M 738.38M 1,085.56M 733.61M 481.48M 30.63M 0.00M 0.00M 0.00M 0.00M
Property, Plant & Equipment 174.86M 176.77M 176.77M 152.79M 145.81M 132.71M 133.23M 132.72M 76.53M 71.88M 15.19M 13.81M 11.83M 8.45M 6.25M 6.31M 5.70M 5.27M 5.99M 6.11M
Goodwill 0.00M 15.79M 15.79M 14.91M 11.41M 9.26M 0.00M 0.00M 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 40.45M 24.09M 24.09M 25.61M 38.14M 34.96M 13.44M 8.04M 7.20M 8.08M 8.23M 5.81M 3.80M 4.21M 2.85M 2.11M 1.52M 1.30M 1.75M 1.97M
Long-Term Investments 5,353.84M 567.53M 567.53M 4,532.37M 4,182.28M 3,609.49M 2,985.15M 2,375.37M 416.14M 372.09M 323.99M 353.07M 199.12M 165.02M -69.37M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 2.36M 2.61M 2.61M 5.42M 11.39M 10.07M 10.52M 10.54M 7.71M 5.15M 2.37M 0.71M 0.51M 0.44M 0.41M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 0.00M 4,505.14M 4,505.14M 3.09M -19.24M -22.43M -2,396.00M -1,937.13M -7.71M -5.15M -2.37M -0.71M -0.51M -0.44M 614.10M -8.42M -7.22M -6.57M -7.74M -8.08M
Other Assets 0.00M 0.00M 0.00M 6,535.71M 11.80M 10.74M 2,383.63M 1,929.71M 1,518.48M 1,254.91M 1,115.29M 894.16M 625.06M 546.73M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 5,571.52M 5,291.93M 5,291.93M 11,269.90M 4,381.59M 3,784.79M 3,129.97M 2,519.25M 2,018.35M 1,706.96M 1,462.70M 1,266.86M 839.82M 724.42M 554.24M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Assets 8,049.18M 7,485.71M 7,485.71M 13,069.35M 5,944.06M 5,769.12M 4,971.32M 4,054.77M 3,086.97M 2,701.96M 2,432.71M 2,005.24M 1,925.38M 1,458.03M 1,035.72M 30.63M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 6,009.59M 5,435.75M 5,435.75M 4,837.36M 4,434.38M 3,875.13M 3,290.54M 2,861.04M 2,261.79M 2,027.31M 1,843.28M 1,478.85M 1,473.34M 1,082.73M 753.42M 835.26M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt 76.06M 99.49M 99.49M 48.87M 130.44M 624.84M 530.70M 126.21M 2.05M 4.55M 5.89M 0.00M 0.00M 0.03M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 19.54M 46.11M 46.11M 47.08M 39.56M 33.99M 29.57M 28.45M 30.14M 25.33M 17.26M 9.07M 13.42M 10.90M 10.05M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 27.18M 21.88M 16.80M 13.95M 11.84M 11.15M 3.60M 4.43M -0.28M -0.03M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 121.73M 79.04M 79.04M 4,942.23M 4,538.68M 3,910.97M 3,323.65M 2,892.29M 2,294.26M 2,051.43M 1,873.81M 1,489.34M 1,483.19M 10.50M 8.08M 13.09M 0.00M 0.00M 0.00M 0.00M
Total Current Liabilities 6,226.92M 5,660.39M 5,660.39M 9,875.54M 9,170.25M 8,466.81M 7,191.25M 5,921.93M 4,600.07M 4,119.76M 3,743.83M 2,981.68M 2,969.68M 1,104.12M 771.55M 848.34M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt 580.66M 581.83M 581.83M 445.78M 358.63M 362.10M 359.64M 356.08M 224.36M 133.69M 112.87M 114.06M 106.25M 74.94M 29.87M 1.37M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 61.64M 73.63M 73.63M 58.71M 42.94M 48.35M 49.90M 50.13M 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 8.66M 6.82M 6.82M 2.93M 1.55M 1.32M 0.00M 0.00M 0.00M 0.03M 0.20M 1.85M 0.20M 0.99M 0.70M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 110.00M 103.85M 103.85M 73.65M 0.00M 69.84M 48.28M -50.13M 0.00M -0.03M -0.20M -1.85M -0.20M -0.99M 1.19M 0.90M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Liabilities 760.96M 766.13M 766.13M 581.06M 403.12M 481.60M 457.82M 356.08M 224.36M 133.69M 112.87M 114.06M 106.25M 74.94M 31.76M 2.27M 0.00M 0.00M 0.00M 0.00M
Total Liabilities 6,987.88M 6,426.52M 6,426.52M 10,456.60M 9,573.37M 8,948.41M 7,649.07M 6,278.01M 4,824.43M 4,253.44M 3,856.70M 3,095.74M 3,075.93M 1,179.07M 803.31M 850.61M 0.00M 0.00M 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 1.26M 1.18M 0.77M 0.68M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M
Retained Earnings 1,104.23M 1,097.52M 1,097.52M 978.90M 858.80M 741.40M 655.74M 580.77M 534.53M 473.59M 426.53M 385.53M 332.14M 285.92M 247.73M 210.27M 174.74M 99.22M 77.06M 86.37M
Accumulated OCI 11.19M 12.16M 12.16M -14.17M -44.08M -6.33M 2.85M 0.15M 0.05M 0.96M -1.26M -1.18M -0.77M -0.68M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 6.59M 7.15M 7.15M 7.03M 7.87M 4.08M 0.32M 0.27M 0.24M 0.20M 0.16M 0.18M 0.14M 0.13M 0.13M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 1,117.42M 1,111.68M 1,111.68M 966.73M 816.72M 737.08M 660.59M 582.92M 536.58M 476.55M 428.53M 387.53M 334.14M 287.92M 249.73M 212.27M 176.74M 101.22M 79.06M 88.37M
Total Equity 1,124.01M 1,118.83M 1,118.83M 973.76M 824.59M 741.16M 660.92M 583.20M 536.82M 476.75M 428.69M 387.71M 334.29M 288.05M 249.86M 212.27M 176.74M 101.22M 79.06M 88.37M
Total Liabilities & Equity 8,111.89M 7,545.35M 7,545.35M 11,430.36M 10,397.97M 9,689.56M 8,309.98M 6,861.20M 5,361.25M 4,730.19M 4,285.39M 3,483.45M 3,410.21M 1,467.11M 1,053.16M 1,062.88M 176.74M 101.22M 79.06M 88.37M
Tangible Assets 8,008.73M 7,445.82M 7,445.82M 13,028.83M 5,894.51M 5,724.91M 4,957.88M 4,046.73M 3,079.77M 2,693.88M 2,424.49M 1,999.43M 1,921.58M 1,453.81M 1,032.87M 28.52M -1.52M -1.30M -1.75M -1.97M
Tangible Equity 1,083.55M 1,078.95M 1,078.95M 933.24M 775.04M 696.94M 647.47M 575.16M 529.62M 468.67M 420.47M 381.90M 330.49M 283.83M 247.00M 210.16M 175.22M 99.92M 77.31M 86.40M
Tangible Book Value 1,083.55M 1,078.95M 1,078.95M 933.24M 775.04M 696.94M 647.47M 575.16M 529.62M 468.67M 420.47M 381.90M 330.49M 283.83M 247.00M 210.16M 175.22M 99.92M 77.31M 86.40M
Total Investments 5,700.38M 784.76M 784.76M 4,791.32M 4,354.77M 3,698.77M 3,101.53M 2,582.91M 694.39M 587.74M 481.40M 550.28M 638.89M 453.94M 142.69M 657.81M 544.22M 168.93M 354.33M 0.05M
Net Debt -1,262.07M -1,012.01M -1,012.01M -925.07M -801.16M -812.15M -739.87M -760.20M -497.86M -557.22M -639.57M -379.69M -501.65M -335.36M -203.37M 1.37M 0.00M 0.00M 0.00M 0.00M

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
Working Capital -3,749.3M -3,472.6M -3,472.6M -3,233.9M -3,168.0M -2,603.5M -2,055.5M -1,520.8M -1,257.0M -1,091.9M -911.9M -765.2M -409.7M -367.6M -287.5M 0.0M 0.0M 0.0M 0.0M 0.0M
Total Capital 1,773.1M 1,809.4M 1,809.4M 1,472.4M 1,301.5M 1,737.1M 1,562.6M 1,087.9M 738.4M 597.5M 538.7M 491.0M 425.0M 352.8M 264.7M 200.7M 167.7M 133.3M 111.6M 91.6M
Capital Employed 1,822.3M 1,819.3M 1,819.3M 1,500.3M 1,213.6M 1,181.3M 1,074.5M 998.4M 761.3M 615.1M 550.8M 501.7M 430.1M 356.8M 266.8M 1,058.5M 840.3M 875.5M 771.2M 548.7M
Invested Capital -145.7M 116.1M 116.1M 52.7M 11.3M -62.0M -67.6M -154.6M 14.2M -97.9M -219.7M -2.7M -182.9M -57.5M 31.5M 200.7M 167.7M 133.3M 111.6M 91.6M

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
Net Income 430.16M 311.98M 219.08M 186.94M 151.10M 142.59M 117.27M 102.16M 98.14M 86.75M 84.09M 84.28M 70.43M 60.01M 54.30M 51.01M 49.34M 37.61M 34.34M 38.53M
Depreciation & Amortization 49.54M 43.39M 25.17M 23.09M 21.64M 20.34M 18.16M 17.63M 4.75M 3.86M 3.70M 3.37M 2.51M 2.01M 3.37M 2.95M 2.38M 2.31M 2.30M 1.89M
Deferred Income Tax 0.00M -107.61M 0.00M 0.00M -49.13M -47.29M 0.00M -39.89M -8.17M 2.62M 2.89M 2.25M -3.46M 1.65M 0.00M -51.01M -1.64M 0.00M 0.00M 0.00M
Stock-Based Compensation 3.90M 14.17M 1.52M 5.66M 7.60M 4.37M 3.10M 2.60M 2.22M -1.32M -2.61M -1.85M 1.09M -1.24M 0.95M 2.65M 2.86M 0.00M 0.00M 0.00M
Change in Working Capital 282.79M 120.57M 12.35M -117.22M 74.04M 225.57M 493.62M 49.30M 3.68M -1.30M -0.29M -0.40M 0.06M -0.41M -137.17M 68.13M -124.29M -31.25M 207.63M 330.47M
Accounts Receivable -2.90M -7.90M 1.28M -2.32M -0.08M -0.51M -0.35M 0.09M 3.68M -1.30M -0.29M -0.40M 0.06M -0.41M 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 -8.45M -41.72M -158.34M 269.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.17M 1.25M -0.25M -0.90M 2.01M -0.01M 0.27M 0.04M -0.57M 0.35M -0.18M -0.52M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 287.06M 127.23M 11.32M -114.00M 72.10M 226.08M 493.97M 49.16M 9.02M -0.35M 0.18M 0.52M 163.46M 112.55M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items -256.69M 22.86M -3.91M 67.39M -520.59M 0.39M -13.54M 4.69M -55.18M -14.14M 195.74M -19.90M 161.41M 116.73M 0.43M 51.28M 2.38M 185.08M -213.75M -4.16M
Net Cash from Operating Activities 509.71M 405.37M 254.21M 165.85M -315.35M 345.97M 618.61M 136.48M 47.71M 73.85M 280.64M 65.50M 237.81M 177.10M -78.12M 125.00M -68.96M 193.76M 30.53M 366.74M
Capital Expenditures (PPE) -28.64M -48.57M -14.94M -4.43M -32.48M -20.73M -18.14M -11.41M -9.41M -60.53M -5.08M -5.37M -5.89M -4.22M -4.05M -4.15M -3.06M -1.14M -1.98M -4.54M
Acquisitions (Net) -3.18M 22.55M -7.96M -2.86M -2.14M -4.13M 0.02M 0.00M 297.64M -5.14M -5.91M 155.98M -0.40M 23.02M 2.25M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -1,256.75M -1,196.47M -87.26M -65.03M -1,111.36M -697.18M -652.74M -516.52M -334.84M -98.76M -19.81M -184.53M -69.54M -46.27M -79.88M -20.27M -27.92M -76.62M 0.00M -0.64M
Sales / Maturities of Investments 212.58M 88.73M 121.09M 47.25M 36.39M 60.17M 34.78M 49.21M 37.20M 103.90M 0.00M 28.55M 35.25M 23.25M 26.55M 0.00M 0.00M 0.00M 0.00M 6.99M
Other Investing Activities -7.76M -157.59M -7.68M -5.79M 0.00M 530.71M 463.60M 0.00M -51.25M 50.44M 47.39M -5.30M -2.14M -3.40M -2.25M 22.10M 11.42M 0.50M -121.13M 0.02M
Net Cash from Investing Activities -1,083.75M -1,158.94M 3.26M -30.85M -1,109.58M -131.17M -172.48M -478.71M -60.66M -113.99M 16.58M -166.65M -42.73M -30.64M -57.38M -2.31M -19.56M -77.26M -123.11M 1.83M
Net Debt Issuance 142.91M 59.39M 118.48M 70.01M 22.19M 7.96M 1.44M 128.00M 88.98M 20.81M -1.19M 7.81M 31.30M 45.08M 28.51M 1.37M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 142.91M 59.39M 118.48M 70.01M 22.19M 7.96M 1.44M 128.00M 88.98M 20.81M -1.19M 7.81M 31.30M 45.08M 28.51M 1.37M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt 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 Stock Issuance -27.22M -9.19M -5.95M 4.56M -15.45M 4.79M -13.15M -14.09M -11.15M -24.02M 2.11M -6.93M -5.05M 6.51M -2.21M -2.42M -3.78M -6.18M -3.58M 0.00M
Common Stock Issuance 21.10M 14.20M 22.26M 12.47M 1.99M 13.17M 7.90M 8.06M 6.99M 11.69M 12.02M 14.22M 4.35M 11.58M 3.74M 1.01M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -48.32M -23.38M -28.21M -7.91M -17.44M -8.38M -21.05M -22.15M -18.14M -24.02M -9.92M -6.93M -9.40M -5.07M -5.95M -3.42M -3.78M -6.18M -3.58M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -11.69M 0.00M -14.22M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -196.10M -130.76M -89.59M -68.40M -61.88M -48.81M -40.24M -38.76M -34.52M -33.38M -33.43M -27.76M -23.69M -20.85M -18.87M -18.12M -13.41M -11.86M -12.00M -5.00M
Common Dividends Paid -196.10M -130.28M -89.59M -68.40M -61.88M -48.81M -40.24M -38.76M -34.52M -33.38M -33.43M -27.76M -23.69M -20.85M -18.87M -18.12M -13.41M -11.86M -12.00M -5.00M
Preferred Dividends Paid 0.00M -0.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 1,298.65M -14.54M -8.39M -7.39M -7.56M -6.81M -6.42M 593.19M 0.00M 11.69M 0.00M 14.22M 0.00M 0.00M 0.15M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Financing Activities 1,218.23M 898.58M 14.56M -1.21M -62.70M -42.87M -58.37M 668.34M 43.31M -24.89M -32.51M -12.65M 2.57M 30.75M 7.57M -19.17M -17.18M -18.04M -15.57M -5.00M
Effect of FX on Cash -21.54M -6.56M 1.58M -4.30M -3.20M -3.05M -0.04M -1.00M -1.56M 2.15M -0.13M -0.35M -0.09M -0.12M -0.01M -0.12M -0.60M -0.01M -0.45M 0.13M
Net Change in Cash 622.66M -439.30M 273.61M 129.49M -508.85M 168.88M 387.72M 517.65M 28.81M -62.88M 264.59M -114.15M 197.57M 177.09M -127.93M 103.40M -106.30M 98.44M -108.61M 363.70M
Cash at Beginning of Period 5,938.47M 6,515.20M 1,419.72M 1,290.23M 1,799.09M 1,630.20M 1,242.49M 724.84M 695.46M 758.34M 493.75M 607.90M 410.33M 233.24M 361.17M 257.77M 364.07M 265.64M 374.25M 10.55M
Cash at End of Period 6,561.13M 6,075.90M 1,693.33M 1,419.72M 1,290.23M 1,799.09M 1,630.20M 1,242.49M 724.27M 695.46M 758.34M 493.75M 607.90M 410.33M 233.24M 361.17M 257.77M 364.07M 265.64M 374.25M
Operating Cash Flow 817.66M 405.37M 254.21M 165.85M 196.42M 168.55M 157.34M 136.48M 47.71M 73.85M 280.64M 65.50M 237.81M 177.10M -78.12M 125.00M -68.96M 193.76M 30.53M 366.74M
Capital Expenditure -24.69M -48.57M -22.63M -4.43M -32.48M -20.73M -18.14M -11.41M -9.41M -60.53M -5.08M -5.37M -5.89M -4.22M -4.05M -4.15M -3.06M -1.14M -1.98M -4.54M
Free Cash Flow 792.97M 356.81M 231.59M 161.43M 163.94M 147.82M 139.20M 125.07M 38.30M 13.32M 275.56M 60.13M 231.92M 172.88M -82.17M 120.86M -72.02M 192.61M 28.54M 362.20M

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
EBITDA 759.96M 968.03M 379.27M 348.82M 372.05M 344.95M 293.15M 269.89M 151.42M 131.37M 121.80M 199.70M 100.79M 84.82M 87.28M 146.40M 135.26M 112.41M 63.11M 85.63M
(-) Tax Adjustment 103.67M 135.87M 51.47M 49.56M 51.21M 49.08M 41.06M 47.72M 23.98M 20.17M 19.74M 32.17M 18.55M 14.95M 16.36M 28.11M 25.86M 21.27M 11.96M 17.65M
(-) Change In Working Capital 282.79M 120.57M 12.35M -117.22M 74.04M 225.57M 493.62M 49.30M 3.68M -1.30M -0.29M -0.40M 0.06M -0.41M -137.17M 68.13M -124.29M -31.25M 207.63M 330.47M
(-) Capital Expenditure -24.69M -48.57M -22.63M -4.43M -32.48M -20.73M -18.14M -11.41M -9.41M -60.53M -5.08M -5.37M -5.89M -4.22M -4.05M -4.15M -3.06M -1.14M -1.98M -4.54M
Unlevered Free Cash Flow 348.80M 663.02M 292.82M 412.05M 214.33M 49.57M -259.67M 161.47M 114.35M 51.96M 97.26M 162.56M 76.29M 66.06M 204.04M 46.02M 230.63M 121.26M -158.46M -267.03M
(-) Net Interest Income After Taxes 1.27M -1.17M -29.17M -0.55M -1.97M -0.38M -0.53M -3.92M -4.72M -3.06M 0.09M 0.06M 0.10M 0.14M 0.29M 0.12M -0.29M -0.07M -1.60M -0.34M
Net Debt Issuance 142.91M 59.39M 118.48M 70.01M 22.19M 7.96M 1.44M 128.00M 88.98M 20.81M -1.19M 7.81M 31.30M 45.08M 28.51M 1.37M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 490.45M 723.57M 440.47M 482.61M 238.48M 57.91M -257.70M 293.40M 208.05M 75.83M 95.98M 170.31M 107.49M 111.00M 232.26M 47.26M 230.92M 121.33M -156.86M -266.69M