China Overseas Grand Oceans Group Limited (0081.HK)

Industry: Real Estate - Development Sector: Real Estate Currency Used: HK Live Price: $2.03

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Stock Price	1.75	2.83	3.28	3.50	3.74	3.92	2.35	3.56	2.05	2.87	3.41	6.62	6.40	3.61	1.83	1.95	1.30	3.35	1.30	0.68	0.67	0.64	0.42	0.42	0.60	0.45
Market Capitalization	6,299.32M	10,073.06M	11,368.96M	11,954.98M	12,810.78M	13,407.35M	7,610.86M	8,114.86M	4,680.47M	6,709.94M	8,318.66M	16,810.56M	16,293.90M	8,082.19M	3,028.44M	2,360.17M	1,859.33M	4,071.66M	1,504.07M	791.28M	696.15M	659.74M	490.03M	494.42M	720.54M	545.62M
(-) Cash & Equivalents	26,249.69M	30,706.57M	34,339.55M	36,366.87M	31,067.18M	20,131.13M	20,679.90M	11,552.14M	10,457.25M	5,968.78M	5,535.14M	5,565.67M	4,296.34M	2,427.12M	1,110.09M	465.58M	0.77M	326.98M	244.29M	203.79M	248.45M	118.14M	114.39M	124.06M	93.33M	129.32M
(+) Total Debt	41,441.08M	48,182.82M	57,590.61M	54,588.30M	44,012.77M	30,049.82M	25,352.40M	19,430.32M	15,578.92M	13,517.81M	12,523.89M	9,870.96M	3,136.10M	3,613.57M	2,726.65M	1,602.44M	215.96M	1,192.02M	470.67M	387.33M	146.95M	60.69M	63.39M	64.18M	46.30M	86.31M
Enterprise Value	21,490.71M	27,549.30M	34,620.01M	30,176.40M	25,756.36M	23,326.05M	12,283.36M	15,993.03M	9,802.14M	14,258.96M	15,307.41M	21,115.85M	15,133.66M	9,268.64M	4,645.00M	3,497.02M	2,074.52M	4,936.71M	1,730.44M	974.82M	594.65M	602.29M	439.04M	434.53M	673.50M	502.62M

Income Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31
Revenue	89,675M	112,757M	45,895M	56,408M	57,492M	53,830M	48,620M	32,863M	21,436M	17,274M	15,452M	13,989M	8,810M	12,419M	7,824M	3,419M	2,540M	2,098M	2,011M	3,296M	1,553M	1,427M	2,320M	2,265M	1,576M	2,493M	3,004M	1,465M
Cost of Revenue	80,397M	91,036M	41,376M	50,097M	57,232M	49,933M	35,135M	21,616M	15,175M	13,675M	12,681M	11,726M	6,690M	8,318M	4,653M	1,436M	1,410M	1,703M	1,336M	2,624M	1,227M	1,170M	2,139M	1,848M	1,284M	2,241M	2,869M	1,374M
Gross Profit	9,278M	21,721M	4,519M	6,311M	260M	3,897M	13,485M	11,247M	6,260M	3,600M	2,770M	2,263M	2,120M	4,101M	3,171M	1,982M	1,130M	395M	675M	672M	326M	256M	181M	417M	292M	253M	135M	91M
Gross Profit Margin	10.3%	19.3%	9.8%	11.2%	0.5%	7.2%	27.7%	34.2%	29.2%	20.8%	17.9%	16.2%	24.1%	33.0%	40.5%	58.0%	44.5%	18.8%	33.6%	20.4%	21.0%	18.0%	7.8%	18.4%	18.5%	10.1%	4.5%	6.2%
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	0M	0M	0M
SG&A Expenses	4,081M	5,408M	2,136M	2,448M	2,558M	2,731M	2,439M	1,941M	1,149M	906M	779M	670M	494M	525M	454M	221M	176M	396M	300M	271M	227M	211M	125M	95M	105M	102M	98M	90M
Operating Expenses	5,512M	8,080M	2,309M	2,105M	4,684M	2,188M	2,077M	2,250M	1,314M	2,171M	1,727M	1,600M	494M	133M	455M	-272M	-319M	367M	352M	337M	270M	277M	556M	304M	340M	117M	157M	178M
Operating Income (EBIT)	3,765M	13,641M	2,210M	4,207M	-4,424M	1,708M	11,408M	8,997M	4,947M	1,429M	1,043M	663M	1,625M	3,968M	2,716M	2,255M	1,449M	28M	323M	335M	56M	-21M	-374M	113M	-49M	136M	-23M	-87M
Operating Income Margin	4.2%	12.1%	4.8%	7.5%	-7.7%	3.2%	23.5%	27.4%	23.1%	8.3%	6.8%	4.7%	18.4%	32.0%	34.7%	65.9%	57.0%	1.3%	16.1%	10.2%	3.6%	-1.5%	-16.1%	5.0%	-3.1%	5.4%	-0.8%	-6.0%
Interest Income	236M	627M	223M	372M	358M	354M	270M	337M	332M	149M	112M	77M	53M	48M	39M	17M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	176M	0M	59M	65M	63M	54M	43M	34M	78M	27M	17M	23M	18M	0M	7M	22M	14M	28M	59M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	60M	627M	163M	307M	295M	300M	227M	303M	255M	122M	96M	54M	35M	48M	32M	-5M	-14M	-28M	-59M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Unusual Items	-227M	0M	-213M	-391M	10,108M	8,141M	-2,095M	-249M	107M	1,134M	755M	723M	21M	0M	320M	-12M	2M	30M	162M	353M	117M	200M	535M	-24M	-4M	-129M	168M	173M
EBT Excluding Unusual Items	3,825M	14,268M	2,373M	4,514M	-4,129M	2,008M	11,635M	9,300M	5,201M	1,551M	1,139M	717M	1,660M	4,016M	2,748M	2,250M	1,434M	0M	264M	335M	56M	-21M	-374M	113M	-49M	136M	-23M	-87M
Pre-Tax Income	3,599M	14,268M	2,161M	4,123M	5,979M	10,149M	9,540M	9,051M	5,308M	2,685M	1,894M	1,440M	1,681M	4,016M	3,068M	2,237M	1,436M	30M	427M	688M	172M	179M	161M	90M	-52M	7M	145M	85M
Pre-Tax Margin	4.0%	12.7%	4.7%	7.3%	10.4%	18.9%	19.6%	27.5%	24.8%	15.5%	12.3%	10.3%	19.1%	32.3%	39.2%	65.4%	56.5%	1.4%	21.2%	20.9%	11.1%	12.6%	6.9%	4.0%	-3.3%	0.3%	4.8%	5.8%
Income Tax Expense	1,966M	6,567M	945M	2,098M	2,923M	4,504M	4,936M	5,441M	3,214M	1,620M	1,057M	668M	770M	1,375M	1,067M	1,043M	622M	326M	367M	184M	86M	8M	21M	10M	12M	0M	8M	3M
Net Income	1,821M	7,220M	954M	2,302M	3,150M	5,051M	4,375M	3,330M	2,132M	1,062M	806M	713M	799M	2,449M	1,933M	1,469M	853M	-217M	21M	508M	87M	178M	132M	75M	-64M	6M	129M	78M
Net Income Margin	2.0%	6.4%	2.1%	4.1%	5.5%	9.4%	9.0%	10.1%	9.9%	6.2%	5.2%	5.1%	9.1%	19.7%	24.7%	43.0%	33.6%	-10.3%	1.0%	15.4%	5.6%	12.5%	5.7%	3.3%	-4.1%	0.2%	4.3%	5.3%
Depreciation & Amortization	182M	152M	122M	117M	69M	91M	94M	80M	48M	46M	12M	15M	11M	13M	10M	6M	9M	26M	22M	22M	19M	22M	48M	51M	82M	85M	35M	32M
EBITDA	3,947M	13,793M	2,333M	4,323M	-4,355M	1,799M	11,502M	9,077M	4,995M	1,475M	1,055M	678M	1,636M	3,981M	2,725M	2,260M	1,457M	54M	345M	357M	74M	1M	-326M	165M	34M	220M	12M	-55M
EBITDA Margin	4.4%	12.2%	5.1%	7.7%	-7.6%	3.3%	23.7%	27.6%	23.3%	8.5%	6.8%	4.8%	18.6%	32.1%	34.8%	66.1%	57.4%	2.6%	17.1%	10.8%	4.8%	0.1%	-14.1%	7.3%	2.1%	8.8%	0.4%	-3.8%
NOPAT	1,708M	7,362M	1,244M	2,066M	-2,261M	950M	5,506M	3,588M	1,951M	567M	461M	355M	881M	2,610M	1,771M	1,204M	821M	-273M	45M	245M	28M	-20M	-325M	101M	-38M	132M	-21M	-84M
NOPAT Margin	1.9%	6.5%	2.7%	3.7%	-3.9%	1.8%	11.3%	10.9%	9.1%	3.3%	3.0%	2.5%	10.0%	21.0%	22.6%	35.2%	32.3%	-13.0%	2.3%	7.4%	1.8%	-1.4%	-14.0%	4.4%	-2.4%	5.3%	-0.7%	-5.8%
Owner's Earnings	1,967M	7,361M	1,071M	2,389M	3,217M	5,097M	4,449M	3,301M	2,118M	908M	816M	726M	802M	2,452M	1,928M	1,469M	859M	-216M	13M	501M	84M	182M	74M	2M	-10M	-130M	-35M	68M
Owner's Earnings Margin	2.2%	6.5%	2.3%	4.2%	5.6%	9.5%	9.1%	10.0%	9.9%	5.3%	5.3%	5.2%	9.1%	19.7%	24.6%	43.0%	33.8%	-10.3%	0.7%	15.2%	5.4%	12.8%	3.2%	0.1%	-0.6%	-5.2%	-1.2%	4.6%
EPS (Basic)	0.51	2.09	0.27	0.65	0.91	1.48	1.28	1.10	0.64	0.46	0.34	0.30	0.32	0.96	0.82	0.54	0.44	-0.18	0.02	0.34	0.12	0.30	0.07	0.10	-0.06	0.03	0.09	0.07
EPS (Diluted)	0.51	2.07	0.27	0.65	0.91	1.48	1.28	0.97	0.64	0.45	0.34	0.30	0.31	0.96	0.76	0.63	0.52	-0.18	0.01	0.42	0.07	0.15	0.13	0.07	-0.06	0.01	0.11	0.06
Shares (Basic)	3,584M	3,484M	3,560M	3,559M	3,475M	3,423M	3,423M	3,423M	3,322M	2,282M	2,285M	2,344M	2,506M	2,538M	2,555M	2,237M	1,654M	1,210M	1,429M	1,214M	1,158M	1,157M	1,035M	1,025M	1,163M	1,180M	1,209M	1,222M
Shares (Diluted)	3,559M	3,483M	3,559M	3,559M	3,475M	3,423M	3,423M	3,423M	3,322M	2,344M	2,344M	2,403M	2,614M	2,546M	2,555M	2,344M	1,654M	1,210M	1,429M	1,216M	1,158M	1,157M	1,035M	1,025M	1,163M	1,180M	1,212M	1,222M

Balance Sheet

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31
Cash & Cash Equivalents	28,525.65M	27,290.85M	27,290.85M	26,020.60M	32,930.96M	39,746.80M	33,279.84M	30,679.42M	24,817.16M	19,479.14M	18,143.53M	10,888.59M	5,560.85M	5,617.84M	4,816.74M	1,870.51M	1,610.80M	5.99M	1.55M	653.96M	488.59M	407.57M	496.90M	236.28M	228.77M	248.12M	186.67M	258.64M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	-3,600.07M	-19,870.78M	-12,736.58M	0.00M	3,020.73M	516.83M	504.64M	11.11M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	448.05M	345.63M	169.75M	239.76M	38.01M	112.75M	168.22M	216.95M	206.41M
Cash & Short-Term Investments	28,525.65M	27,290.85M	27,290.85M	26,020.60M	29,330.90M	19,876.02M	20,543.27M	30,679.42M	27,837.89M	19,995.97M	18,648.17M	10,899.70M	5,560.85M	5,617.84M	4,816.74M	1,870.51M	1,610.80M	5.99M	1.55M	1,102.01M	834.22M	577.32M	736.66M	274.29M	341.53M	416.34M	403.62M	465.05M
Net Receivables	164.81M	4,814.23M	4,814.23M	159.01M	3,988.39M	5,202.81M	6,000.87M	3,978.49M	3,001.86M	-16,956.44M	2,093.79M	1,881.00M	269.03M	456.23M	0.00M	0.00M	1,217.05M	0.00M	0.00M	1,205.76M	-8.60M	-84.44M	0.00M	323.72M	0.00M	181.15M	217.33M	0.00M
Inventory	80,954.07M	84,372.76M	84,372.76M	107,122.30M	131,895.52M	136,382.79M	107,737.60M	86,401.59M	56,643.34M	45,907.43M	43,900.00M	28,846.50M	21,430.63M	18,118.18M	14,109.72M	8,202.12M	3,665.01M	0.00M	2.37M	4,695.72M	2,045.48M	1,631.96M	103.68M	123.34M	118.41M	125.47M	151.34M	150.80M
Other Current Assets	8,122.66M	55.26M	55.26M	4,720.79M	128.52M	12,769.93M	7,620.56M	1,661.24M	14,456.60M	14,860.54M	7,369.89M	3,932.07M	2,703.89M	6,459.25M	0.00M	0.00M	1,549.62M	0.00M	1,754.79M	2,113.45M	786.03M	558.81M	311.54M	314.76M	166.59M	194.19M	326.25M	214.38M
Total Current Assets	117,767.20M	116,533.11M	116,533.11M	138,022.70M	165,343.33M	174,231.55M	141,902.29M	122,720.73M	101,939.70M	63,807.49M	72,011.85M	45,559.27M	29,964.39M	30,651.49M	18,926.45M	10,072.63M	8,042.48M	5.99M	1,758.71M	9,116.94M	3,657.13M	2,683.65M	1,151.88M	1,036.10M	626.53M	917.16M	1,098.54M	830.23M
Property, Plant & Equipment	1,079.51M	833.01M	833.01M	852.55M	1,157.28M	1,340.16M	1,314.35M	1,609.18M	974.78M	1,001.76M	830.75M	28.60M	30.28M	38.49M	37.99M	18.43M	29.07M	0.00M	6.83M	902.82M	846.86M	790.19M	868.58M	1,315.45M	1,370.46M	1,462.87M	1,440.96M	942.04M
Goodwill	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	46.64M	62.36M	0.00M	0.00M	98.53M	66.62M	28.57M	0.00M	12.44M	13.95M	15.51M	0.00M	0.00M
Intangible Assets	0.00M	302.86M	302.86M	318.37M	207.21M	214.22M	205.61M	312.13M	2.78M	6.85M	10.68M	14.52M	17.99M	22.14M	30.40M	24.53M	28.83M	0.00M	0.00M	214.19M	219.03M	233.15M	181.29M	199.08M	85.82M	103.54M	7.71M	7.74M
Long-Term Investments	877.24M	930.73M	930.73M	896.12M	976.26M	1,451.51M	854.96M	1,061.46M	2,843.36M	2,888.10M	2,630.15M	2,473.65M	82.92M	77.75M	79.24M	0.00M	0.00M	0.00M	0.00M	115.74M	488.55M	995.62M	535.91M	622.51M	602.61M	549.26M	387.48M	1,200.77M
Tax Assets	0.00M	0.00M	0.00M	0.00M	2,107.02M	2,303.97M	1,473.61M	681.82M	154.11M	291.86M	309.68M	123.40M	129.66M	0.00M	218.46M	195.00M	69.73M	0.00M	0.00M	589.72M	347.96M	0.63M	3.35M	3.32M	0.00M	0.00M	0.00M	206.41M
Other Non-Current Assets	5,429.37M	5,913.59M	5,913.59M	6,329.08M	3,608.41M	2,833.98M	2,579.24M	2,077.22M	-262.49M	-244.16M	-144.50M	-426.03M	1,893.26M	2,533.19M	1,795.39M	1,296.34M	1,115.18M	0.00M	492.17M	91.02M	26.75M	211.81M	245.10M	41.32M	112.75M	168.22M	216.95M	103.90M
Other Assets	0.00M	0.00M	0.00M	0.00M	22,189.12M	44,382.18M	31,078.68M	15,903.32M	12,049.80M	13,220.17M	7,621.49M	7,592.16M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	7,386.12M	7,980.19M	7,980.19M	8,396.11M	30,245.29M	52,526.01M	37,506.45M	21,645.13M	15,762.33M	17,164.58M	11,258.24M	9,806.30M	2,154.11M	2,671.57M	2,161.47M	1,580.94M	1,305.17M	0.00M	499.00M	2,012.01M	1,995.77M	2,259.98M	1,834.22M	2,194.12M	2,185.59M	2,299.39M	2,053.10M	2,460.87M
Total Assets	125,153.31M	124,513.30M	124,513.30M	146,418.82M	195,588.62M	226,757.57M	179,408.74M	144,365.87M	117,702.03M	80,972.07M	83,270.09M	55,365.57M	32,118.50M	33,323.06M	21,087.93M	11,653.57M	9,347.64M	5.99M	2,257.70M	11,128.95M	5,652.90M	4,943.63M	2,986.10M	3,230.22M	2,812.11M	3,216.56M	3,151.64M	3,291.10M
Accounts Payable	9,802.04M	12,090.96M	12,090.96M	15,887.12M	18,748.44M	539.58M	13,727.10M	10,153.88M	8,028.52M	8,236.43M	7,624.99M	6,354.11M	5,097.46M	867.56M	2,642.49M	0.00M	0.00M	0.00M	0.00M	558.33M	1,268.18M	0.11M	0.24M	0.24M	0.24M	0.24M	0.07M	0.01M
Short-Term Debt	15,879.27M	12,870.39M	12,870.39M	13,555.44M	14,285.66M	15,727.82M	13,965.14M	16,813.58M	8,298.87M	4,105.20M	12,632.34M	4,118.76M	4,759.81M	2,313.89M	1,652.69M	1,122.59M	1,815.38M	3.66M	175.29M	1,756.12M	834.68M	348.19M	156.97M	114.30M	60.25M	60.79M	24.30M	165.51M
Tax Payables	0.00M	2,048.48M	2,048.48M	3,169.09M	4,348.92M	7,282.15M	6,757.76M	5,940.20M	2,545.43M	1,604.51M	1,207.87M	662.92M	1,069.77M	0.00M	1,483.06M	0.00M	0.00M	0.00M	0.00M	200.16M	88.39M	35.13M	25.70M	12.36M	9.39M	5.89M	9.52M	3.88M
Deferred Revenue	0.00M	0.00M	0.00M	229.53M	68,664.23M	100,067.69M	83,393.69M	61,096.26M	36,221.95M	26,001.38M	17,680.65M	11,658.90M	8,544.17M	0.00M	8,362.95M	0.00M	0.00M	0.00M	0.00M	200.16M	1,361.94M	1,090.26M	292.22M	0.00M	0.00M	0.00M	287.88M	292.07M
Other Current Liabilities	34,956.70M	36,796.50M	36,796.50M	50,975.81M	2,381.47M	-4,990.60M	-908.08M	2,481.73M	45,961.55M	23,555.68M	9,778.67M	13,734.01M	7,179.19M	7,848.97M	5,685.30M	3,064.61M	3,037.12M	5,158.70M	-28.26M	-1,589.53M	457.94M	152.10M	78.75M	26.91M	15.83M	-3.55M	39.43M	46.95M
Total Current Liabilities	60,638.01M	63,806.34M	63,806.34M	83,816.99M	108,428.72M	118,626.64M	116,935.61M	96,485.65M	101,056.33M	63,503.19M	48,924.52M	36,528.70M	26,650.40M	11,030.42M	19,826.49M	4,187.20M	4,852.50M	5,162.35M	147.03M	1,125.24M	4,011.14M	1,625.79M	553.90M	153.81M	85.72M	63.38M	361.20M	508.42M
Long-Term Debt	26,191.31M	27,247.56M	27,247.56M	30,008.72M	35,421.55M	32,523.15M	26,776.89M	19,133.13M	20,398.75M	18,774.53M	15,968.13M	11,532.43M	9,195.85M	9,152.90M	4,110.50M	2,116.91M	946.89M	1,091.22M	330.26M	0.00M	109.18M	396.87M	129.69M	0.00M	66.52M	67.57M	68.31M	7.11M
Capital Lease Obligations	27.10M	24.79M	24.79M	36.15M	40.36M	34.50M	25.87M	27.50M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	0.00M	0.00M	0.00M	2,487.15M	2,635.82M	2,892.48M	0.00M	3,209.50M	3,028.84M	3,194.49M	3,421.98M	1,090.81M	866.81M	0.00M	1,160.68M	954.97M	404.93M	0.00M	3.16M	479.69M	188.74M	187.10M	12.75M	9.43M	0.00M	0.00M	0.00M	0.06M
Other Non-Current Liabilities	2,490.55M	2,601.63M	2,601.63M	2,562.18M	0.00M	0.00M	3,189.36M	0.00M	-627.32M	-3,722.70M	3,421.14M	1,096.98M	3,574.27M	0.00M	0.00M	212.89M	672.70M	-1,500.28M	0.30M	1,103.94M	0.00M	22.92M	0.00M	117.40M	141.52M	117.34M	175.10M	141.19M
Total Non-Current Liabilities	28,708.96M	29,873.98M	29,873.98M	35,094.20M	38,097.73M	35,450.12M	29,992.12M	22,370.14M	22,800.26M	18,246.32M	22,811.26M	13,720.21M	13,636.93M	9,152.90M	5,271.18M	3,284.78M	2,024.52M	-409.06M	333.73M	1,583.64M	297.92M	606.89M	142.44M	126.82M	208.04M	184.91M	243.41M	148.37M
Total Liabilities	89,346.97M	93,680.31M	93,680.31M	118,911.19M	146,526.45M	154,076.76M	146,927.73M	118,855.79M	123,856.59M	81,749.51M	71,735.78M	50,248.91M	40,287.33M	20,183.32M	25,097.67M	7,471.98M	6,877.02M	4,753.29M	480.76M	2,708.88M	4,309.06M	2,232.68M	696.33M	280.63M	293.76M	248.29M	604.61M	656.79M
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	0.00M	0.00M	0.00M
Common Stock	6,047.37M	6,047.37M	6,047.37M	6,047.37M	6,789.63M	6,824.72M	5,579.10M	5,579.10M	5,650.30M	1,808.76M	1,920.32M	1,793.95M	1,350.95M	17.82M	18.38M	10.07M	5.55M	202.80M	211.14M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Retained Earnings	27,196.34M	27,140.11M	27,140.11M	26,432.00M	24,915.70M	24,802.45M	18,350.62M	14,824.19M	11,085.16M	9,064.11M	8,760.64M	7,492.05M	5,038.17M	6,011.42M	3,484.57M	1,518.53M	590.64M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	-1,466.15M	-1,791.61M	-1,791.61M	-1,175.84M	1,911.97M	3,514.67M	203.50M	-857.96M	-459.80M	665.60M	-1,346.41M	62.52M	1,148.29M	1,308.93M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	6,617.97M	6,155.20M	6,155.20M	6,825.98M	8,374.47M	8,597.56M	3,679.23M	2,201.38M	694.94M	662.99M	683.73M	533.07M	422.87M	754.89M	517.64M	189.29M	88.83M	0.00M	0.00M	427.09M	270.67M	444.16M	4.28M	112.74M	91.38M	120.51M	99.46M	82.71M
Total Shareholders’ Equity	31,777.57M	31,395.87M	31,395.87M	31,303.53M	33,617.29M	35,141.84M	24,133.23M	19,545.33M	16,275.65M	11,538.47M	9,334.54M	9,348.52M	7,537.41M	7,338.17M	3,502.94M	1,528.60M	596.19M	202.80M	211.14M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Equity	38,395.54M	37,551.06M	37,551.06M	38,129.52M	41,991.76M	43,739.40M	27,812.45M	21,746.70M	16,970.59M	12,201.45M	10,018.27M	9,881.59M	7,960.28M	8,093.07M	4,020.58M	1,717.89M	685.02M	202.80M	211.14M	427.09M	270.67M	444.16M	4.28M	112.74M	91.38M	120.51M	99.46M	82.71M
Total Liabilities & Equity	127,742.51M	131,231.38M	131,231.38M	157,040.70M	188,518.21M	197,816.16M	174,740.18M	140,602.49M	140,827.18M	93,950.96M	81,754.05M	60,130.50M	48,247.61M	28,276.39M	29,118.25M	9,189.86M	7,562.04M	4,956.09M	691.89M	3,135.97M	4,579.73M	2,676.84M	700.61M	393.38M	385.15M	368.80M	704.07M	739.50M
Tangible Assets	125,153.31M	124,210.44M	124,210.44M	146,100.45M	195,381.40M	226,543.35M	179,203.13M	144,053.74M	117,699.25M	80,965.22M	83,259.41M	55,351.05M	32,100.51M	33,300.92M	21,057.52M	11,582.40M	9,256.45M	5.99M	2,257.70M	10,816.24M	5,367.26M	4,681.90M	2,804.81M	3,018.69M	2,712.35M	3,097.51M	3,143.93M	3,283.36M
Tangible Equity	38,395.54M	37,248.20M	37,248.20M	37,811.15M	41,784.55M	43,525.19M	27,606.85M	21,434.57M	16,967.82M	12,194.61M	10,007.60M	9,867.07M	7,942.29M	8,070.93M	3,990.18M	1,646.72M	593.83M	202.80M	211.14M	114.37M	-14.98M	182.44M	-177.01M	-98.78M	-8.38M	1.47M	91.75M	74.97M
Tangible Book Value	38,395.54M	37,248.20M	37,248.20M	37,811.15M	41,784.55M	43,525.19M	27,606.85M	21,434.57M	16,967.82M	12,194.61M	10,007.60M	9,867.07M	7,942.29M	8,070.93M	3,990.18M	1,646.72M	593.83M	202.80M	211.14M	114.37M	-14.98M	182.44M	-177.01M	-98.78M	-8.38M	1.47M	91.75M	74.97M
Total Investments	877.24M	930.73M	930.73M	896.12M	976.26M	1,451.51M	854.96M	1,061.46M	5,864.09M	3,404.92M	3,134.79M	2,484.76M	82.92M	77.75M	79.24M	0.00M	0.00M	1,511.43M	473.68M	563.78M	834.18M	1,165.37M	775.66M	660.53M	715.36M	717.48M	604.43M	1,407.18M
Net Debt	13,544.93M	12,827.10M	12,827.10M	17,543.56M	16,776.25M	8,504.17M	7,462.18M	5,267.29M	3,880.45M	3,400.59M	10,456.94M	4,762.60M	8,394.82M	5,848.95M	946.45M	1,368.99M	1,151.47M	1,088.89M	504.01M	1,102.16M	455.27M	337.49M	-210.24M	-121.98M	-101.99M	-119.76M	-94.06M	-86.01M

Capital Metrics

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31
Working Capital	59,704.2M	59,435.7M	59,435.7M	62,328.8M	67,438.3M	63,056.2M	50,796.7M	37,798.4M	30,963.4M	24,816.9M	22,699.8M	16,623.4M	16,082.5M	17,076.5M	10,041.7M	4,699.9M	2,435.5M	74.0M	1,310.1M	2,314.6M	1,015.5M	1,241.8M	659.2M	271.1M	305.5M	318.7M	571.9M	550.7M
Total Capital	73,875.2M	71,538.6M	71,538.6M	74,903.8M	89,261.8M	93,987.7M	72,237.5M	62,113.6M	43,929.0M	39,056.3M	37,943.2M	25,032.4M	20,697.6M	20,391.6M	12,177.5M	7,492.4M	4,696.6M	1,589.1M	1,936.5M	5,176.0M	3,384.0M	3,232.5M	2,632.6M	2,347.1M	2,311.9M	2,441.0M	2,374.7M	2,953.1M
Capital Employed	67,090.3M	67,415.9M	67,415.9M	70,724.9M	97,683.6M	115,582.3M	88,303.1M	59,443.6M	46,725.7M	41,981.4M	33,958.0M	26,429.7M	18,236.6M	19,748.1M	12,203.2M	6,280.9M	3,740.6M	1,585.5M	1,809.1M	4,326.7M	3,011.3M	3,501.7M	2,493.4M	2,465.3M	2,491.1M	2,618.1M	2,625.0M	3,011.5M
Invested Capital	45,349.6M	44,247.8M	44,247.8M	48,883.2M	56,330.9M	54,240.9M	38,957.7M	31,434.2M	19,111.8M	19,577.1M	19,799.7M	14,143.8M	15,136.7M	14,773.7M	7,360.8M	5,621.9M	3,085.8M	1,583.1M	1,934.9M	4,522.0M	2,895.4M	2,824.9M	2,135.7M	2,110.8M	2,083.1M	2,192.9M	2,188.1M	2,694.5M

Cash Flow Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31
Net Income	1,820.52M	7,219.93M	2,160.74M	2,301.69M	3,663.58M	6,087.01M	4,915.89M	3,775.58M	2,031.36M	1,072.59M	806.32M	712.22M	1,681.42M	2,448.57M	3,068.00M	2,237.36M	1,456.07M	30.27M	426.65M	0.00M	0.00M	-15.96M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Depreciation & Amortization	175.62M	203.25M	122.40M	116.81M	110.13M	109.17M	106.08M	91.14M	37.94M	38.43M	11.77M	14.87M	10.71M	12.79M	9.51M	5.92M	8.68M	26.14M	21.62M	21.91M	18.53M	21.65M	47.99M	51.35M	82.22M	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	-65.69M	-308.62M	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	112.28M	42.21M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	54,520.42M	-10,107.05M	7,853.99M	6,019.19M	-5,663.50M	-8,381.94M	-9,389.24M	-11,286.58M	1,009.64M	2,846.91M	8,056.89M	4,614.05M	-2,405.79M	-6,969.59M	-418.64M	-1,996.29M	-215.06M	36.48M	-472.70M	-369.97M	-356.51M	-239.02M	-192.33M	-24.70M	0.85M	0.00M	0.00M	0.00M
Accounts Receivable	1,658.34M	13,726.84M	684.36M	954.02M	10,924.89M	5,221.14M	-8,574.28M	-38.80M	-661.33M	-3,207.61M	2.09M	-100.19M	696.71M	-3,219.09M	-842.46M	0.00M	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	48,519.48M	-21,462.99M	23,676.05M	24,843.43M	6,377.01M	-32,476.58M	-22,651.83M	-28,757.72M	-13,852.81M	-650.39M	5,069.60M	-1,364.83M	-6,216.89M	-3,621.64M	-3,924.86M	-2,782.68M	961.16M	-609.04M	-429.81M	1,038.39M	-648.28M	-374.70M	-20.31M	-4.37M	7.06M	0.00M	0.00M	0.00M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	1,043.38M	5,063.47M	4,175.01M	2,689.39M	1,236.95M	-1,172.17M	-1,244.13M	148.76M	0.00M	0.00M	0.00M	0.00M	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	4,342.60M	-2,370.90M	-16,506.42M	-19,778.26M	-24,008.77M	13,810.03M	17,661.87M	14,820.54M	13,625.51M	4,669.47M	4,229.33M	5,930.31M	3,811.09M	-128.86M	4,348.68M	786.39M	-1,176.22M	645.52M	-42.89M	-1,408.36M	291.77M	135.67M	-172.02M	-20.33M	-6.21M	0.00M	0.00M	0.00M
Other Non-Cash Items	-44,649.11M	7,683.84M	-1,107.94M	659.95M	2,376.21M	-4,676.69M	3,391.76M	-78.79M	-316.44M	-1,253.85M	-781.73M	-1,513.25M	-1,042.06M	116.89M	-1,638.39M	-1,062.07M	-597.31M	-51.72M	-209.57M	349.15M	148.00M	86.99M	101.78M	133.84M	-3.49M	0.00M	0.00M	0.00M
Net Cash from Operating Activities	11,867.45M	4,999.98M	9,029.20M	9,097.63M	486.42M	-6,862.46M	-975.50M	-7,498.66M	2,762.50M	2,704.08M	8,093.24M	3,827.88M	-1,755.72M	-4,391.34M	1,020.47M	-815.08M	652.38M	153.46M	-191.78M	1.08M	-189.99M	-146.35M	-42.55M	160.48M	79.58M	319.24M	-119.61M	-107.89M
Capital Expenditures (PPE)	-31.98M	-11.07M	0.00M	-29.51M	-2.72M	-44.63M	-20.51M	-108.63M	-61.82M	-199.71M	-1.62M	-2.14M	-6.84M	-9.68M	-14.18M	-6.19M	-3.05M	-25.85M	-28.91M	-28.96M	-21.54M	-17.50M	-105.70M	-124.45M	-27.68M	-220.25M	-199.04M	-41.97M
Acquisitions (Net)	0.00M	-1,175.46M	0.00M	0.00M	2,732.25M	1,822.93M	1,456.65M	1,159.77M	37.58M	-1,589.81M	-1,321.72M	-103.09M	0.00M	0.00M	-30.86M	-48.78M	254.51M	-64.85M	29.70M	-319.85M	-76.20M	-306.46M	85.72M	-0.55M	-5.28M	-7.08M	-25.96M	-36.38M
Purchases of Investments	0.00M	0.00M	0.00M	0.00M	-508.42M	-4,692.62M	-248.75M	0.00M	-2,531.98M	-53.67M	-782.31M	-0.35M	0.00M	0.00M	0.00M	-272.81M	-144.29M	44.63M	-4.69M	0.87M	-23.69M	-27.27M	-259.20M	-22.66M	-18.69M	-53.14M	-218.33M	-47.67M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	799.58M	4,081.61M	0.00M	3,569.43M	0.00M	0.00M	0.00M	0.00M	55.02M	0.00M	0.00M	50.43M	1.09M	22.25M	62.28M	63.62M	1.38M	39.72M	-58.18M	-110.16M	19.52M	-92.73M	636.75M	3.15M
Other Investing Activities	125.79M	-2,320.65M	187.07M	-1,497.73M	-4,474.61M	-2,284.33M	-3,766.18M	-102.93M	-184.53M	-132.76M	-333.42M	0.00M	41.55M	-10.63M	-776.01M	68.50M	20.01M	-17.47M	791.06M	-509.81M	247.39M	129.56M	92.49M	-78.42M	40.98M	-40.33M	71.45M	-83.32M
Net Cash from Investing Activities	93.81M	-3,507.17M	187.07M	-1,527.24M	-1,453.93M	-1,117.04M	-2,578.80M	4,517.63M	-2,740.75M	-1,975.95M	-2,439.07M	-105.57M	89.74M	-20.30M	-821.05M	-243.10M	128.27M	-85.91M	849.44M	-795.01M	125.96M	-221.66M	-114.92M	-115.63M	21.70M	-220.62M	264.87M	-209.33M
Net Debt Issuance	153.20M	2,108.29M	-4,235.17M	-4,389.75M	781.20M	5,273.01M	10,707.93M	1,938.45M	1,100.07M	3,110.20M	417.15M	-1,684.91M	2,132.01M	5,719.53M	2,935.11M	1,321.17M	1,174.37M	33.51M	-402.17M	0.00M	264.93M	-1,179.42M	0.00M	-6.68M	-1.65M	0.00M	65.20M	0.00M
Long-Term Debt Issuance	153.20M	2,108.29M	-4,235.17M	-4,374.89M	781.20M	5,273.01M	10,707.93M	1,938.45M	4,860.49M	3,110.20M	417.15M	-1,684.20M	4,569.77M	5,724.09M	2,935.11M	1,321.17M	582.90M	33.51M	-402.17M	0.00M	264.93M	-1,179.42M	0.00M	-6.68M	-1.65M	0.00M	65.20M	0.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	-14.86M	0.00M	0.00M	0.00M	0.00M	-3,760.43M	0.00M	0.00M	-0.71M	-2,437.76M	-4.55M	0.00M	0.00M	591.47M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	170.65M	-7.88M	-3.72M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3,767.59M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	170.83M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.15M	-7.88M	-3.72M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-1,108.11M	-1,610.99M	-458.39M	-654.72M	-594.76M	-1,011.23M	-822.16M	-521.98M	-150.97M	-48.27M	0.00M	-15.99M	-143.80M	-196.01M	-153.14M	0.00M	0.00M	0.00M	-63.34M	-78.02M	-60.04M	-41.25M	-42.78M	-20.08M	-20.11M	-25.88M	-146.11M	-35.87M
Common Dividends Paid	-1,108.11M	-1,610.99M	-458.39M	-654.72M	-594.76M	-1,011.23M	-822.16M	-521.98M	-172.98M	-57.02M	0.00M	-19.11M	-182.50M	-196.17M	-153.14M	0.00M	0.00M	0.00M	-63.34M	-78.02M	-60.04M	-41.25M	-42.78M	-20.08M	-20.11M	-25.88M	-146.11M	-35.87M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.19M	0.00M	0.00M	0.00M	0.16M	0.00M	0.00M	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	-11,577.74M	5,272.18M	-2,854.01M	-1,918.87M	300.44M	3,057.64M	-2,500.99M	3,109.06M	4,292.93M	-2,614.15M	-62.70M	-47.61M	1,552.23M	-395.51M	197.12M	-164.04M	-1,203.95M	-114.63M	-85.82M	0.00M	-38.91M	1,513.65M	941.72M	-11.04M	-91.99M	25.07M	151.91M	110.76M
Net Cash from Financing Activities	-12,532.65M	5,769.48M	-7,547.57M	-6,963.33M	486.87M	7,319.42M	7,384.79M	4,525.54M	6,559.58M	438.84M	354.45M	-1,751.63M	2,759.32M	5,128.01M	2,979.09M	1,085.74M	-37.46M	-84.83M	-551.33M	966.96M	165.47M	292.98M	419.81M	-37.81M	-120.81M	-0.81M	75.40M	79.53M
Effect of FX on Cash	-6.64M	45.65M	3.41M	23.39M	37.79M	-7.16M	-42.66M	55.92M	-678.70M	707.27M	-659.98M	-383.43M	-10.66M	151.30M	10.75M	58.91M	6.90M	1.60M	29.17M	27.37M	10.69M	7.10M	-1.43M	-0.44M	0.04M	1.43M	-0.17M	-2.32M
Net Change in Cash	19,335.03M	7,307.94M	1,672.11M	630.45M	-442.84M	-667.24M	3,787.83M	1,024.78M	5,494.08M	2,389.63M	6,487.95M	4,714.68M	1,082.67M	867.67M	3,189.26M	86.48M	750.09M	-15.69M	135.49M	200.41M	112.13M	-67.93M	260.90M	6.60M	-19.49M	34.75M	52.62M	-274.45M
Cash at Beginning of Period	43,442.84M	75,810.19M	20,063.63M	19,433.18M	39,746.80M	33,279.84M	30,679.42M	29,654.64M	19,323.09M	17,089.51M	11,655.58M	6,173.91M	4,469.56M	4,670.73M	1,627.48M	1,251.16M	616.76M	676.65M	566.31M	453.55M	376.45M	475.50M	235.99M	229.68M	248.09M	170.28M	117.46M	392.42M
Cash at End of Period	62,777.87M	83,118.13M	21,735.74M	20,063.63M	32,930.96M	39,746.80M	33,279.84M	30,679.42M	24,817.16M	19,479.14M	18,143.53M	10,888.59M	5,552.23M	5,538.39M	4,816.74M	1,337.63M	1,366.85M	660.96M	701.80M	653.96M	488.59M	407.57M	496.90M	236.28M	228.61M	205.02M	170.08M	117.96M
Operating Cash Flow	11,867.45M	4,999.98M	9,029.20M	9,097.63M	-4,489.45M	-3,692.20M	-5,857.63M	-7,498.66M	2,762.50M	2,704.08M	8,093.24M	3,827.88M	-1,755.72M	-4,391.34M	1,020.47M	-815.08M	652.38M	153.46M	-191.78M	1.08M	-189.99M	-146.35M	-42.55M	160.48M	79.58M	319.24M	-119.61M	-107.89M
Capital Expenditure	-35.32M	-11.07M	-5.41M	-29.51M	-2.72M	-44.63M	-20.51M	-108.63M	-61.82M	-199.71M	-1.62M	-2.14M	-6.84M	-9.68M	-14.18M	-6.19M	-3.05M	-25.85M	-28.91M	-28.96M	-21.54M	-17.50M	-105.70M	-124.45M	-27.68M	-220.25M	-199.04M	-41.97M
Free Cash Flow	11,832.13M	4,988.92M	9,023.79M	9,068.12M	-4,492.17M	-3,736.83M	-5,878.15M	-7,607.29M	2,700.68M	2,504.37M	8,091.62M	3,825.75M	-1,762.56M	-4,401.01M	1,006.29M	-821.26M	649.33M	127.61M	-220.69M	-27.88M	-211.53M	-163.85M	-148.25M	36.03M	51.90M	98.99M	-318.65M	-149.86M

Free Cash Flow

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31
EBITDA	5,378.72M	16,465.20M	2,505.90M	3,980.08M	-2,228.95M	1,256.33M	11,140.27M	9,385.75M	5,159.42M	2,738.82M	2,002.90M	1,608.63M	1,636.32M	3,588.80M	2,726.00M	1,767.86M	962.71M	25.01M	396.68M	422.82M	117.00M	67.42M	104.54M	373.34M	269.14M	235.31M	70.84M	33.02M
(-) Tax Adjustment	1,882.55M	5,762.82M	877.07M	1,393.03M	-780.13M	439.71M	3,899.09M	3,285.01M	1,805.80M	958.59M	701.02M	563.02M	572.71M	1,228.74M	947.68M	618.75M	336.95M	8.75M	138.84M	113.38M	40.95M	3.08M	13.78M	41.28M	0.00M	6.96M	3.98M	1.13M
(-) Change In Working Capital	54,520.42M	-10,107.05M	7,853.99M	6,019.19M	-5,663.50M	-8,381.94M	-9,389.24M	-11,286.58M	1,009.64M	2,846.91M	8,056.89M	4,614.05M	-2,405.79M	-6,969.59M	-418.64M	-1,996.29M	-215.06M	36.48M	-472.70M	-369.97M	-356.51M	-239.02M	-192.33M	-24.70M	0.85M	0.00M	0.00M	0.00M
(-) Capital Expenditure	-35.32M	-11.07M	-5.41M	-29.51M	-2.72M	-44.63M	-20.51M	-108.63M	-61.82M	-199.71M	-1.62M	-2.14M	-6.84M	-9.68M	-14.18M	-6.19M	-3.05M	-25.85M	-28.91M	-28.96M	-21.54M	-17.50M	-105.70M	-124.45M	-27.68M	-220.25M	-199.04M	-41.97M
Unlevered Free Cash Flow	-51,059.58M	20,798.36M	-6,230.56M	-3,461.65M	4,211.96M	9,153.92M	16,609.90M	17,278.69M	2,282.15M	-1,266.39M	-6,756.63M	-3,570.58M	3,462.56M	9,319.97M	2,182.78M	3,139.21M	837.77M	-46.07M	701.63M	650.45M	411.02M	285.86M	177.39M	232.32M	240.61M	8.10M	-132.18M	-10.08M
(-) Net Interest Income After Taxes	38.98M	407.83M	106.19M	199.60M	191.62M	194.74M	147.60M	197.17M	165.54M	79.11M	62.34M	35.24M	22.68M	31.60M	21.17M	-3.05M	-9.32M	-18.03M	-38.19M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt Issuance	153.20M	2,108.29M	-4,235.17M	-4,389.75M	781.20M	5,273.01M	10,707.93M	1,938.45M	1,100.07M	3,110.20M	417.15M	-1,684.91M	2,132.01M	5,719.53M	2,935.11M	1,321.17M	1,174.37M	33.51M	-402.17M	0.00M	264.93M	-1,179.42M	0.00M	-6.68M	-1.65M	0.00M	65.20M	0.00M
Levered Free Cash Flow	-50,945.35M	22,498.82M	-10,571.91M	-8,051.01M	4,801.53M	14,232.20M	27,170.23M	19,019.97M	3,216.68M	1,764.71M	-6,401.81M	-5,290.73M	5,571.89M	15,007.90M	5,096.71M	4,463.43M	2,021.47M	5.47M	337.65M	650.45M	675.94M	-893.55M	177.39M	225.63M	238.96M	8.10M	-66.98M	-10.08M