Dickson Concepts (International) Limited (0113.HK)

Industry: Luxury Goods Sector: Consumer Cyclical Currency Used: HK Live Price: $5.50

Enterprise Value

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Stock Price	5.02	4.86	4.01	3.76	4.11	3.64	4.23	3.18	2.93	2.46	3.07	4.35	4.53	4.23	4.78	5.15	2.91	3.94	8.56	9.35	12.77	6.97	2.57
Market Capitalization	1,947.71M	1,913.86M	1,580.75M	1,482.20M	1,620.17M	1,432.93M	1,696.73M	1,253.81M	1,117.32M	936.18M	1,193.40M	1,662.15M	1,688.45M	1,573.02M	1,779.65M	1,917.40M	1,083.43M	1,375.43M	2,768.74M	2,901.41M	3,962.67M	2,161.32M	797.50M
(-) Cash & Equivalents	3,307.30M	3,459.13M	3,191.82M	3,129.07M	3,181.89M	3,334.90M	2,029.24M	1,774.88M	1,433.54M	1,322.89M	1,237.27M	1,073.83M	1,074.84M	833.58M	963.63M	934.17M	289.65M	343.85M	93.90M	285.95M	449.39M	391.17M	295.00M
(+) Total Debt	933.26M	1,159.79M	1,632.35M	1,881.96M	1,828.71M	1,978.51M	1,311.69M	170.38M	54.31M	57.12M	76.91M	321.49M	89.93M	411.05M	63.78M	325.00M	24.14M	48.58M	70.86M	32.71M	28.29M	54.79M	64.34M
Enterprise Value	-426.33M	-385.48M	21.28M	235.09M	266.99M	76.54M	979.18M	-350.70M	-261.91M	-329.59M	33.04M	909.81M	703.54M	1,150.48M	879.80M	1,308.24M	817.92M	1,080.17M	2,745.70M	2,648.17M	3,541.57M	1,824.94M	566.83M

Income Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31	2006-03-31	2005-03-31	2004-03-31	2003-03-31
Revenue	4,023M	4,425M	1,922M	2,400M	2,131M	2,020M	2,275M	2,938M	4,009M	3,636M	3,145M	3,621M	4,322M	4,353M	4,126M	3,985M	3,404M	3,634M	3,839M	3,750M	3,100M	2,643M	2,803M	2,610M	2,447M
Cost of Revenue	2,178M	2,366M	1,063M	1,302M	1,135M	1,073M	1,300M	1,705M	2,013M	1,948M	1,566M	1,825M	2,226M	2,127M	1,895M	1,832M	1,588M	1,588M	1,653M	1,637M	1,372M	1,168M	1,515M	1,512M	1,433M
Gross Profit	1,845M	2,059M	859M	1,098M	996M	947M	976M	1,232M	1,996M	1,687M	1,578M	1,796M	2,096M	2,227M	2,232M	2,153M	1,816M	2,045M	2,186M	2,113M	1,728M	1,475M	1,288M	1,098M	1,014M
Gross Profit Margin	45.9%	46.5%	44.7%	45.7%	46.7%	46.9%	42.9%	42.0%	49.8%	46.4%	50.2%	49.6%	48.5%	51.1%	54.1%	54.0%	53.4%	56.3%	56.9%	56.3%	55.7%	55.8%	46.0%	42.1%	41.4%
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	1,293M	1,345M	615M	723M	629M	654M	455M	1,906M	1,726M	1,492M	1,489M	1,974M	2,098M	1,966M	1,966M	1,872M	1,541M	1,732M	1,878M	1,782M	1,450M	1,194M	1,057M	942M	930M
Operating Expenses	1,259M	1,240M	591M	676M	594M	584M	410M	494M	1,532M	1,524M	1,490M	2,071M	2,180M	2,055M	2,072M	1,903M	1,419M	1,689M	1,982M	1,887M	1,511M	1,276M	1,108M	992M	974M
Operating Income (EBIT)	586M	819M	268M	422M	402M	363M	566M	738M	464M	164M	88M	-276M	-83M	172M	159M	250M	397M	356M	203M	226M	216M	199M	181M	105M	40M
Operating Income Margin	14.6%	18.5%	14.0%	17.6%	18.9%	18.0%	24.9%	25.1%	11.6%	4.5%	2.8%	-7.6%	-1.9%	4.0%	3.9%	6.3%	11.7%	9.8%	5.3%	6.0%	7.0%	7.5%	6.4%	4.0%	1.6%
Interest Income	169M	102M	84M	95M	53M	8M	20M	43M	23M	12M	16M	11M	28M	33M	31M	32M	0M	0M	0M	0M	8M	0M	0M	0M	0M
Interest Expense	84M	99M	40M	67M	51M	27M	32M	42M	31M	2M	2M	2M	4M	1M	2M	2M	1M	1M	3M	6M	4M	1M	2M	2M	0M
Net Interest Income	85M	3M	44M	28M	2M	-19M	-13M	0M	-9M	10M	14M	9M	24M	31M	29M	30M	-1M	-1M	-3M	-6M	4M	-1M	-2M	-2M	0M
Unusual Items	-154M	-229M	-84M	-95M	-130M	-96M	-20M	-43M	-23M	-12M	-16M	-16M	-32M	-34M	79M	-28M	21M	17M	-100M	18M	5M	42M	54M	41M	46M
EBT Excluding Unusual Items	672M	822M	313M	450M	404M	344M	553M	738M	455M	174M	102M	-267M	-59M	203M	188M	280M	396M	356M	201M	220M	221M	197M	179M	103M	40M
Pre-Tax Income	517M	592M	229M	355M	274M	248M	533M	696M	433M	162M	86M	-283M	-92M	169M	268M	252M	418M	373M	101M	238M	226M	239M	233M	145M	86M
Pre-Tax Margin	12.9%	13.4%	11.9%	14.8%	12.9%	12.3%	23.4%	23.7%	10.8%	4.5%	2.7%	-7.8%	-2.1%	3.9%	6.5%	6.3%	12.3%	10.3%	2.6%	6.3%	7.3%	9.0%	8.3%	5.5%	3.5%
Income Tax Expense	38M	54M	31M	5M	22M	47M	72M	50M	21M	10M	6M	5M	19M	14M	39M	63M	71M	69M	49M	27M	40M	30M	29M	22M	18M
Net Income	479M	538M	198M	351M	253M	201M	462M	646M	411M	152M	80M	-288M	-110M	155M	229M	187M	347M	304M	51M	211M	186M	209M	204M	122M	68M
Net Income Margin	11.9%	12.2%	10.3%	14.6%	11.9%	9.9%	20.3%	22.0%	10.3%	4.2%	2.5%	-8.0%	-2.6%	3.6%	5.6%	4.7%	10.2%	8.4%	1.3%	5.6%	6.0%	7.9%	7.3%	4.7%	2.8%
Depreciation & Amortization	182M	260M	106M	132M	128M	123M	94M	327M	497M	58M	73M	96M	126M	153M	160M	126M	89M	125M	219M	172M	89M	73M	58M	52M	55M
EBITDA	769M	1,079M	374M	554M	530M	486M	660M	1,065M	961M	222M	161M	-179M	43M	325M	320M	376M	487M	482M	423M	398M	305M	272M	239M	157M	95M
EBITDA Margin	19.1%	24.4%	19.5%	23.1%	24.9%	24.1%	29.0%	36.2%	24.0%	6.1%	5.1%	-4.9%	1.0%	7.5%	7.7%	9.4%	14.3%	13.3%	11.0%	10.6%	9.8%	10.3%	8.5%	6.0%	3.9%
NOPAT	543M	744M	232M	416M	370M	294M	490M	685M	441M	153M	82M	-218M	-66M	158M	137M	187M	330M	290M	105M	200M	178M	174M	158M	89M	31M
NOPAT Margin	13.5%	16.8%	12.1%	17.4%	17.4%	14.6%	21.5%	23.3%	11.0%	4.2%	2.6%	-6.0%	-1.5%	3.6%	3.3%	4.7%	9.7%	8.0%	2.7%	5.3%	5.8%	6.6%	5.6%	3.4%	1.3%
Owner's Earnings	612M	709M	279M	458M	332M	283M	534M	875M	879M	177M	15M	-254M	-111M	209M	245M	15M	306M	336M	180M	251M	90M	104M	191M	128M	81M
Owner's Earnings Margin	15.2%	16.0%	14.5%	19.1%	15.6%	14.0%	23.5%	29.8%	21.9%	4.9%	0.5%	-7.0%	-2.6%	4.8%	5.9%	0.4%	9.0%	9.2%	4.7%	6.7%	2.9%	3.9%	6.8%	4.9%	3.3%
EPS (Basic)	1.22	1.37	0.50	0.89	0.64	0.51	1.17	1.63	1.03	0.39	0.21	-0.75	-0.28	0.41	0.62	0.50	0.93	0.82	0.14	0.62	0.60	0.67	0.65	0.39	0.22
EPS (Diluted)	1.22	1.36	0.50	0.89	0.64	0.51	1.17	1.63	1.03	0.39	0.21	-0.75	-0.29	0.41	0.62	0.50	0.93	0.82	0.14	0.62	0.60	0.67	0.66	0.39	0.22
Shares (Basic)	391M	394M	393M	394M	394M	394M	394M	397M	399M	388M	380M	384M	387M	378M	372M	372M	372M	372M	372M	338M	310M	310M	310M	310M	310M
Shares (Diluted)	391M	394M	393M	394M	394M	394M	394M	397M	399M	388M	380M	384M	387M	378M	372M	372M	372M	372M	372M	338M	310M	310M	310M	310M	310M

Balance Sheet

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31	2006-03-31	2005-03-31	2004-03-31	2003-03-31
Cash & Cash Equivalents	3,338.78M	3,275.83M	3,275.83M	3,469.61M	3,157.98M	3,165.36M	3,073.54M	3,301.31M	1,739.14M	1,754.80M	1,420.37M	1,391.12M	1,387.11M	1,107.00M	1,120.22M	937.95M	1,093.50M	1,003.55M	579.30M	687.69M	187.79M	571.90M	898.77M	782.35M	590.01M
Short-Term Investments	831.49M	742.02M	742.02M	654.63M	390.31M	191.77M	404.07M	261.30M	351.61M	175.79M	78.97M	65.84M	0.00M	291.62M	184.78M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	4,170.27M	4,017.84M	4,017.84M	4,124.23M	3,548.29M	3,357.13M	3,477.61M	3,562.61M	2,090.75M	1,930.59M	1,499.34M	1,456.96M	1,387.11M	1,398.62M	1,305.00M	937.95M	1,093.50M	1,003.55M	579.30M	687.69M	187.79M	571.90M	898.77M	782.35M	590.01M
Net Receivables	76.54M	99.63M	99.63M	105.78M	52.33M	51.25M	57.35M	39.16M	128.09M	120.36M	73.79M	87.53M	121.58M	204.21M	0.00M	0.00M	0.00M	317.28M	406.99M	7.95M	383.39M	1.01M	2.17M	2.49M	0.00M
Inventory	189.02M	177.73M	177.73M	199.72M	187.44M	165.68M	161.52M	323.48M	415.44M	472.27M	645.19M	652.06M	844.63M	968.30M	904.16M	931.76M	777.59M	722.65M	1,012.06M	954.25M	834.62M	678.16M	522.01M	482.15M	570.38M
Other Current Assets	86.32M	18.77M	18.77M	115.88M	100.64M	76.79M	238.25M	345.89M	206.56M	199.20M	215.38M	225.81M	237.22M	227.32M	2.79M	6.90M	4.22M	-333.50M	-400.51M	0.00M	0.00M	294.33M	246.46M	227.42M	222.84M
Total Current Assets	4,522.13M	4,313.98M	4,313.98M	4,545.61M	3,888.70M	3,650.85M	3,934.73M	4,271.14M	2,840.84M	2,722.42M	2,433.70M	2,422.35M	2,590.54M	2,798.46M	2,211.95M	1,876.61M	1,875.30M	1,709.97M	1,597.83M	1,649.89M	1,405.81M	1,545.39M	1,669.41M	1,494.40M	1,383.22M
Property, Plant & Equipment	165.63M	181.64M	181.64M	275.10M	352.58M	321.58M	193.34M	161.46M	860.02M	110.78M	140.79M	159.37M	227.63M	305.80M	381.87M	383.91M	253.33M	192.87M	203.06M	411.28M	405.23M	288.92M	192.27M	178.66M	184.97M
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	13.90M	13.90M	13.90M	13.90M	13.90M	13.90M	13.90M	13.90M	13.90M	14.65M	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	39.16M	128.09M	120.36M	73.79M	87.53M	75.46M	94.33M	113.20M	132.06M	150.93M	169.79M	212.24M	254.69M	297.14M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	266.39M	336.48M	336.48M	476.75M	1,284.86M	1,757.11M	1,318.25M	1,195.42M	513.81M	241.76M	200.18M	268.62M	321.03M	273.56M	92.78M	392.57M	476.06M	145.61M	152.49M	140.33M	122.35M	99.58M	112.64M	105.78M	0.00M
Tax Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.00M	2.96M	3.17M	2.46M	2.29M	3.80M	4.73M	6.36M	10.40M	22.41M	23.26M	52.11M	55.78M	25.37M	13.72M	14.33M	17.34M	25.68M
Other Non-Current Assets	59.02M	51.65M	51.65M	60.97M	76.82M	80.15M	0.00M	-1,356.88M	-1,373.83M	-352.55M	-340.97M	-427.99M	-3.80M	-4.73M	184.78M	-6.47M	-3.75M	184.64M	-5.83M	0.00M	-6.75M	0.00M	0.00M	0.00M	170.97M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.96M	3.17M	2.46M	2.29M	3.80M	4.73M	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	491.04M	569.76M	569.76M	812.82M	1,714.25M	2,158.84M	1,511.59M	41.16M	134.01M	126.71M	78.71M	92.11M	627.93M	678.41M	792.89M	926.38M	912.89M	730.07M	627.97M	875.99M	857.24M	416.12M	333.14M	316.43M	381.61M
Total Assets	5,013.18M	4,883.74M	4,883.74M	5,358.43M	5,602.95M	5,809.69M	5,446.31M	4,312.29M	2,974.85M	2,849.13M	2,512.41M	2,514.46M	3,218.47M	3,476.87M	3,004.83M	2,802.99M	2,788.19M	2,440.04M	2,225.80M	2,525.88M	2,263.05M	1,961.51M	2,002.54M	1,810.83M	1,764.83M
Accounts Payable	101.19M	107.68M	107.68M	150.79M	199.79M	141.05M	139.76M	93.45M	273.12M	277.41M	222.11M	205.08M	214.58M	231.16M	285.81M	236.02M	9.88M	6.22M	21.17M	23.11M	696.07M	537.66M	507.68M	416.60M	453.49M
Short-Term Debt	767.36M	605.31M	605.31M	799.09M	1,005.55M	1,120.16M	831.21M	1,059.77M	0.00M	126.44M	43.16M	74.90M	70.10M	95.45M	99.08M	75.00M	54.59M	11.41M	48.28M	97.17M	141.71M	65.42M	56.58M	109.58M	128.67M
Tax Payables	0.00M	69.82M	69.82M	49.27M	54.28M	106.21M	84.65M	52.82M	23.95M	18.98M	15.34M	14.63M	22.46M	17.94M	22.67M	15.96M	12.88M	10.16M	24.88M	7.72M	21.53M	15.79M	16.44M	10.15M	5.50M
Deferred Revenue	14.67M	0.00M	0.00M	31.41M	21.44M	19.65M	35.32M	41.45M	16.71M	0.00M	0.00M	0.00M	0.00M	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	147.54M	8.67M	8.67M	236.19M	164.40M	209.84M	365.28M	382.97M	422.15M	375.14M	392.23M	485.41M	466.10M	452.90M	517.86M	465.30M	548.04M	-1.18M	665.87M	542.40M	0.00M	0.00M	25.37M	0.00M	0.00M
Total Current Liabilities	1,030.76M	791.48M	791.48M	1,266.76M	1,445.46M	1,596.91M	1,456.23M	1,630.46M	735.92M	797.97M	672.83M	780.01M	773.24M	797.45M	925.42M	792.28M	625.39M	26.61M	760.20M	670.40M	859.32M	618.88M	606.07M	536.34M	587.65M
Long-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	358.02M	358.02M	511.64M	445.72M	548.77M	548.07M	738.50M	738.50M	931.75M	0.00M	0.00M	0.00M	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	20.44M	20.21M	20.21M	20.41M	21.17M	22.77M	21.98M	20.35M	21.61M	24.42M	24.48M	30.39M	43.22M	42.95M	40.95M	39.00M	32.71M	11.82M	4.46M	6.18M	1.94M	1.86M	1.65M	1.66M	1.49M
Other Non-Current Liabilities	37.43M	38.06M	38.06M	37.16M	54.37M	56.65M	0.00M	0.00M	23.61M	25.27M	22.80M	24.30M	33.96M	32.83M	30.75M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	57.87M	416.28M	416.28M	569.20M	521.26M	628.19M	570.05M	758.85M	783.72M	981.44M	47.28M	54.69M	77.18M	75.78M	71.70M	39.00M	32.71M	11.82M	4.46M	6.18M	1.94M	1.86M	1.65M	1.66M	1.49M
Total Liabilities	1,088.63M	1,207.76M	1,207.76M	1,835.96M	1,966.72M	2,225.10M	2,026.28M	2,389.31M	1,519.64M	1,779.41M	720.11M	834.70M	850.42M	873.22M	997.12M	831.28M	658.10M	38.42M	764.66M	676.58M	861.25M	620.73M	607.72M	538.00M	589.14M
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	115.82M	115.82M	115.82M	118.26M	118.26M	118.26M	118.26M	118.26M	120.00M	117.98M	114.14M	114.14M	116.97M	114.44M	111.69M	111.69M	111.69M	111.69M	111.69M	111.69M	0.00M	93.09M	84.63M	76.94M	0.00M
Retained Earnings	0.00M	2,892.83M	2,892.83M	2,871.63M	2,666.74M	2,550.96M	2,488.12M	2,242.11M	1,734.95M	1,455.50M	1,368.02M	1,328.89M	1,639.37M	1,825.47M	1,787.22M	1,673.36M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	0.00M	0.00M	0.00M	79.29M	101.54M	126.05M	132.05M	110.27M	113.70M	147.15M	114.13M	98.44M	128.06M	140.62M	139.75M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.01M	0.01M	7.36M	6.91M	7.37M	6.77M	6.03M	13.70M	15.01M	14.50M	20.64M
Total Shareholders’ Equity	115.82M	3,008.65M	3,008.65M	3,069.18M	2,886.53M	2,795.27M	2,738.43M	2,470.64M	1,968.65M	1,720.62M	1,596.28M	1,541.47M	1,884.40M	2,080.53M	2,038.66M	1,785.06M	111.69M	111.69M	111.69M	111.69M	0.00M	93.09M	84.63M	76.94M	0.00M
Total Equity	115.82M	3,008.65M	3,008.65M	3,069.18M	2,886.53M	2,795.27M	2,738.43M	2,470.64M	1,968.65M	1,720.62M	1,596.28M	1,541.47M	1,884.40M	2,080.53M	2,038.68M	1,785.07M	119.05M	118.60M	119.07M	118.46M	6.03M	106.79M	99.64M	91.44M	20.64M
Total Liabilities & Equity	1,204.45M	4,216.41M	4,216.41M	4,905.14M	4,853.25M	5,020.38M	4,764.71M	4,859.95M	3,488.29M	3,500.03M	2,316.40M	2,376.16M	2,734.81M	2,953.76M	3,035.80M	2,616.34M	777.15M	157.03M	883.73M	795.03M	867.29M	727.52M	707.36M	629.44M	609.77M
Tangible Assets	5,013.18M	4,883.74M	4,883.74M	5,358.43M	5,602.95M	5,809.69M	5,446.31M	4,273.13M	2,846.76M	2,728.77M	2,438.62M	2,426.93M	3,143.00M	3,382.54M	2,877.74M	2,657.03M	2,623.36M	2,256.35M	1,999.66M	2,257.29M	1,952.01M	1,947.61M	1,988.64M	1,796.18M	1,764.83M
Tangible Equity	115.82M	3,008.65M	3,008.65M	3,069.18M	2,886.53M	2,795.27M	2,738.43M	2,431.48M	1,840.56M	1,600.26M	1,522.50M	1,453.94M	1,808.93M	1,986.20M	1,911.58M	1,639.11M	-45.78M	-65.09M	-107.08M	-150.13M	-305.01M	92.89M	85.74M	76.79M	20.64M
Tangible Book Value	115.82M	3,008.65M	3,008.65M	3,069.18M	2,886.53M	2,795.27M	2,738.43M	2,431.48M	1,840.56M	1,600.26M	1,522.50M	1,453.94M	1,808.93M	1,986.20M	1,911.58M	1,639.11M	-45.78M	-65.09M	-107.08M	-150.13M	-305.01M	92.89M	85.74M	76.79M	20.64M
Total Investments	1,097.88M	1,078.50M	1,078.50M	1,131.38M	1,675.17M	1,948.89M	1,722.32M	1,456.72M	865.42M	417.56M	279.15M	334.46M	321.03M	565.18M	277.56M	392.57M	476.06M	145.61M	152.49M	140.33M	122.35M	99.58M	112.64M	105.78M	170.97M
Net Debt	-2,571.42M	-2,670.52M	-2,670.52M	-2,670.51M	-2,152.43M	-2,045.20M	-2,242.33M	-2,241.53M	-1,739.14M	-1,628.36M	-1,377.22M	-1,316.23M	-1,317.01M	-1,011.55M	-1,021.14M	-862.95M	-1,038.91M	-992.14M	-531.02M	-590.53M	-46.08M	-506.47M	-842.20M	-672.76M	-461.34M

Capital Metrics

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31	2006-03-31	2005-03-31	2004-03-31	2003-03-31
Working Capital	3,426.0M	3,224.4M	3,224.4M	3,164.5M	2,196.1M	1,767.2M	2,299.5M	2,373.2M	1,755.5M	1,924.5M	1,776.2M	1,641.9M	1,837.4M	1,945.8M	1,748.7M	1,473.4M	1,424.1M	1,363.8M	1,238.1M	1,120.2M	546.5M	926.5M	1,063.3M	958.1M	795.6M
Total Capital	4,626.5M	4,497.1M	4,497.1M	4,882.5M	5,084.5M	5,252.0M	4,878.5M	5,086.4M	3,460.4M	2,356.9M	2,115.5M	2,092.4M	2,458.3M	2,643.9M	2,568.9M	2,435.8M	2,351.5M	2,086.5M	1,902.6M	2,080.4M	1,537.5M	1,392.5M	1,436.4M	1,367.9M	1,283.7M
Capital Employed	3,917.0M	3,794.1M	3,794.1M	3,977.3M	3,910.4M	3,926.0M	3,811.0M	3,732.1M	3,132.3M	2,280.2M	2,119.6M	2,072.2M	2,465.3M	2,624.2M	2,541.6M	2,399.8M	2,337.0M	2,093.8M	1,866.1M	1,996.2M	1,403.7M	1,342.6M	1,396.5M	1,274.5M	1,177.2M
Invested Capital	1,287.7M	1,221.3M	1,221.3M	1,412.9M	1,926.5M	2,086.6M	1,804.9M	1,785.1M	1,721.3M	602.1M	695.1M	701.3M	1,071.1M	1,536.9M	1,448.7M	1,497.8M	1,258.0M	1,083.0M	1,323.3M	1,392.7M	1,349.7M	820.6M	537.6M	585.6M	693.7M

Cash Flow Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31	2006-03-31	2005-03-31	2004-03-31	2003-03-31
Net Income	548.78M	453.58M	228.77M	355.37M	252.64M	200.94M	461.82M	645.82M	411.34M	151.81M	80.16M	-288.15M	-110.26M	154.83M	267.84M	252.19M	417.78M	372.83M	100.72M	210.65M	186.39M	208.72M	203.62M	122.42M	67.76M
Depreciation & Amortization	237.64M	251.48M	105.59M	132.05M	128.26M	123.22M	94.42M	326.94M	497.04M	58.14M	73.47M	96.41M	126.25M	152.77M	160.23M	126.47M	89.46M	125.48M	219.37M	172.50M	88.62M	72.99M	58.49M	51.97M	55.45M
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	36.33M	7.54M	-498.86M	-105.57M	-36.99M	27.21M	252.51M	-108.51M	27.58M	159.41M	29.22M	242.79M	111.22M	36.31M	81.69M	-222.64M	35.53M	363.24M	-174.30M	-48.07M	-46.27M	-183.24M	53.50M	93.77M	94.29M
Accounts Receivable	69.64M	63.53M	114.06M	-44.41M	-17.65M	81.18M	91.45M	-47.94M	-16.37M	-28.26M	22.34M	50.22M	-2.11M	105.18M	-72.26M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-2.13M	-31.71M	16.82M	-18.96M	-28.12M	-3.60M	169.61M	91.95M	43.94M	187.67M	6.88M	192.57M	123.67M	-64.14M	27.60M	-154.17M	-54.94M	289.41M	-57.81M	-119.63M	-106.77M	-156.15M	-30.92M	88.23M	45.98M
Accounts Payable	-4.96M	-30.36M	0.00M	-40.42M	11.59M	-41.95M	-2.36M	-150.83M	17.55M	53.89M	-9.27M	-53.77M	0.00M	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	-5.73M	-11.23M	-629.74M	-1.78M	-2.81M	-8.42M	-6.18M	-1.69M	-17.55M	-53.89M	9.27M	53.77M	-10.34M	-4.73M	126.35M	-68.47M	90.47M	73.83M	-116.49M	71.56M	60.50M	-27.09M	84.42M	5.54M	48.32M
Other Non-Cash Items	2.11M	181.17M	-24.40M	3.78M	152.63M	432.03M	-219.28M	6.38M	-157.34M	-112.78M	-62.59M	99.51M	42.39M	-151.90M	-54.34M	-64.40M	-91.11M	-37.85M	-0.26M	-5.46M	-44.39M	-23.46M	-0.20M	4.51M	17.10M
Net Cash from Operating Activities	824.86M	893.76M	-188.90M	385.64M	496.54M	783.39M	589.47M	870.63M	778.62M	256.57M	120.27M	150.56M	169.60M	192.01M	455.41M	91.62M	451.67M	823.71M	145.53M	329.62M	184.35M	75.00M	315.40M	272.68M	234.60M
Capital Expenditures (PPE)	-49.35M	-89.07M	-24.93M	-24.42M	-48.40M	-40.67M	-22.62M	-97.90M	-28.88M	-32.62M	-138.80M	-61.96M	-126.70M	-98.85M	-144.70M	-298.63M	-130.23M	-93.92M	-91.23M	-132.29M	-184.90M	-177.35M	-71.16M	-45.92M	-42.22M
Acquisitions (Net)	1.18M	0.18M	0.00M	0.00M	0.03M	0.15M	0.02M	11.84M	247.02M	10.59M	2.32M	19.69M	0.00M	135.54M	0.00M	61.03M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.17M	27.16M	0.00M
Purchases of Investments	-47.10M	-718.75M	-93.35M	-47.10M	-148.60M	-570.15M	-260.08M	-988.73M	-1,295.28M	-39.05M	-90.63M	-123.45M	-77.03M	-315.39M	-75.74M	-39.01M	-192.82M	-190.52M	0.00M	0.00M	0.00M	0.00M	-1.00M	-5.67M	0.00M
Sales / Maturities of Investments	532.80M	273.62M	656.31M	582.11M	248.48M	25.14M	208.49M	2,137.22M	88.89M	50.86M	196.85M	77.78M	321.15M	179.86M	0.00M	38.90M	38.83M	0.00M	0.00M	0.00M	0.00M	0.00M	0.27M	1.07M	18.28M
Other Investing Activities	708.12M	7.64M	85.01M	95.86M	52.79M	0.00M	0.00M	42.51M	22.51M	20.97M	54.36M	52.10M	-15.19M	-28.88M	42.60M	93.98M	2.45M	38.11M	24.10M	33.43M	-331.60M	27.55M	18.95M	-6.06M	13.49M
Net Cash from Investing Activities	1,145.66M	-526.38M	623.04M	606.44M	104.31M	-585.53M	-74.19M	1,104.94M	-965.75M	10.75M	24.10M	-35.84M	102.23M	-127.73M	-177.84M	-143.74M	-281.77M	-246.33M	-67.13M	-98.86M	-516.49M	-149.80M	-49.78M	-29.42M	-10.45M
Net Debt Issuance	-215.60M	100.76M	-193.78M	-248.79M	-114.60M	288.94M	-228.56M	1,059.77M	-126.45M	82.12M	-29.94M	3.57M	-20.24M	-2.13M	23.12M	20.54M	39.99M	-39.90M	-41.11M	-53.37M	76.16M	8.06M	-45.22M	-21.07M	-25.94M
Long-Term Debt Issuance	-215.60M	-336.73M	0.00M	-42.33M	0.00M	288.94M	-228.56M	-342.60M	-126.44M	82.12M	-29.94M	3.57M	-20.24M	-2.13M	23.12M	20.54M	0.00M	0.00M	0.00M	-53.37M	76.16M	10.07M	-42.20M	-21.07M	-25.94M
Short-Term Debt Issuance	0.00M	4.26M	-193.78M	-206.46M	-114.60M	0.00M	0.00M	1,059.77M	-0.01M	82.12M	0.00M	0.00M	0.00M	0.00M	23.12M	20.54M	39.99M	-39.90M	-41.11M	-53.37M	0.00M	-2.01M	-3.02M	0.00M	0.00M
Net Stock Issuance	-40.07M	0.00M	-40.07M	0.00M	0.00M	0.00M	0.00M	-25.59M	-42.59M	0.00M	0.00M	-30.52M	-3.27M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	449.80M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	449.80M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Repurchased	-40.07M	0.00M	-40.07M	0.00M	0.00M	0.00M	0.00M	-25.59M	-42.59M	0.00M	0.00M	-30.52M	-3.27M	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	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-323.21M	-275.94M	-177.36M	-145.86M	-137.97M	-137.97M	-216.81M	-139.21M	-61.44M	-27.05M	-41.85M	-23.19M	-34.64M	-76.98M	-115.42M	-122.86M	-182.43M	-115.42M	-143.34M	-136.72M	-128.16M	-257.22M	-93.09M	-26.93M	-12.82M
Common Dividends Paid	-323.21M	-275.94M	-177.36M	-145.86M	-137.97M	-137.97M	-216.81M	-139.21M	-61.44M	-27.05M	-41.85M	-23.19M	-34.64M	-76.98M	-115.42M	-122.86M	-182.43M	-115.42M	-143.34M	-136.72M	-128.16M	-257.22M	-93.09M	-26.93M	-12.82M
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	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-679.25M	-489.16M	-206.94M	-272.26M	-339.05M	-258.47M	-329.61M	-384.53M	-504.25M	-1.56M	-1.65M	-1.82M	-3.80M	-1.43M	-1.96M	-11.24M	-0.96M	-0.69M	0.00M	-6.42M	-3.97M	0.00M	1.33M	-1.91M	-3.25M
Net Cash from Financing Activities	-1,258.13M	-664.34M	-618.15M	-666.91M	-591.63M	-107.50M	-774.98M	510.45M	-734.73M	53.52M	-73.44M	-51.97M	-61.94M	-80.54M	-94.26M	-113.56M	-143.40M	-156.01M	-184.45M	253.29M	-55.97M	-249.16M	-136.98M	-49.91M	-42.01M
Effect of FX on Cash	-603.08M	389.04M	-9.77M	-13.56M	-16.60M	2.57M	21.12M	-2.75M	-14.89M	13.58M	-5.47M	-20.55M	-4.18M	3.04M	-1.05M	321.23M	21.16M	-845.62M	217.00M	15.85M	4.01M	-1.42M	0.82M	2.43M	0.67M
Net Change in Cash	3,587.45M	84.45M	-193.78M	311.62M	-7.37M	91.82M	-227.77M	2,483.26M	-936.75M	334.42M	65.46M	42.20M	205.71M	-13.22M	182.27M	155.55M	-89.95M	-424.25M	108.39M	499.90M	-384.10M	-326.88M	129.46M	195.79M	182.81M
Cash at Beginning of Period	9,832.30M	12,621.92M	3,469.61M	3,157.98M	3,165.36M	3,073.54M	3,301.31M	818.05M	1,754.80M	1,420.37M	1,354.91M	1,312.71M	1,107.00M	1,120.22M	937.95M	937.95M	1,093.50M	1,003.55M	579.30M	187.79M	571.90M	898.77M	769.31M	573.53M	390.72M
Cash at End of Period	13,419.75M	12,706.37M	3,275.83M	3,469.61M	3,157.98M	3,165.36M	3,073.54M	3,301.31M	818.05M	1,754.80M	1,420.37M	1,354.91M	1,312.71M	1,107.00M	1,120.22M	1,093.50M	1,003.55M	579.30M	687.69M	687.69M	187.79M	571.90M	898.77M	769.31M	573.53M
Operating Cash Flow	824.86M	893.76M	-188.90M	385.64M	426.56M	467.21M	787.63M	834.18M	778.62M	256.57M	120.27M	150.56M	169.60M	192.01M	455.41M	91.62M	451.67M	823.71M	145.53M	329.62M	184.35M	75.00M	315.40M	272.68M	234.60M
Capital Expenditure	-49.35M	-89.07M	-24.93M	-24.42M	-48.40M	-40.67M	-22.62M	-97.90M	-28.88M	-32.62M	-138.80M	-61.96M	-126.70M	-98.85M	-144.70M	-298.63M	-130.23M	-93.92M	-91.23M	-132.29M	-184.90M	-177.35M	-71.16M	-45.92M	-42.22M
Free Cash Flow	775.51M	804.69M	-213.83M	361.22M	378.15M	426.54M	765.01M	736.29M	749.73M	223.95M	-18.53M	88.60M	42.90M	93.16M	310.71M	-207.01M	321.44M	729.79M	54.31M	197.33M	-0.55M	-102.35M	244.25M	226.76M	192.38M

Free Cash Flow

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31	2006-03-31	2005-03-31	2004-03-31	2003-03-31
EBITDA	817.98M	911.30M	349.97M	506.59M	495.08M	416.22M	615.40M	-346.90M	767.49M	253.56M	163.31M	-81.40M	124.85M	413.80M	426.18M	407.60M	364.68M	439.01M	527.40M	503.17M	366.77M	353.66M	289.85M	207.87M	139.04M
(-) Tax Adjustment	49.52M	119.59M	47.05M	6.57M	39.23M	78.60M	82.59M	-24.87M	37.62M	16.34M	11.59M	0.00M	0.00M	35.07M	61.35M	102.30M	61.84M	81.36M	184.59M	57.13M	64.25M	44.96M	36.07M	31.97M	29.36M
(-) Change In Working Capital	36.33M	7.54M	-498.86M	-105.57M	-36.99M	27.21M	252.51M	-108.51M	27.58M	159.41M	29.22M	242.79M	111.22M	36.31M	81.69M	-222.64M	35.53M	363.24M	-174.30M	-48.07M	-46.27M	-183.24M	53.50M	93.77M	94.29M
(-) Capital Expenditure	-49.35M	-89.07M	-24.93M	-24.42M	-48.40M	-40.67M	-22.62M	-97.90M	-28.88M	-32.62M	-138.80M	-61.96M	-126.70M	-98.85M	-144.70M	-298.63M	-130.23M	-93.92M	-91.23M	-132.29M	-184.90M	-177.35M	-71.16M	-45.92M	-42.22M
Unlevered Free Cash Flow	682.78M	695.09M	776.85M	581.17M	444.44M	269.75M	257.67M	-311.41M	673.41M	45.20M	-16.30M	-386.15M	-113.07M	243.56M	138.43M	229.31M	137.08M	-99.51M	425.88M	361.82M	163.89M	314.59M	129.12M	36.21M	-26.84M
(-) Net Interest Income After Taxes	67.99M	-15.11M	38.17M	27.90M	1.91M	-15.79M	-10.86M	0.24M	-8.39M	9.48M	12.96M	8.88M	24.25M	28.49M	24.78M	22.47M	-0.79M	-0.56M	-1.66M	-5.69M	3.61M	-1.31M	-1.48M	-1.61M	0.00M
Net Debt Issuance	-215.60M	100.76M	-193.78M	-248.79M	-114.60M	288.94M	-228.56M	1,059.77M	-126.45M	82.12M	-29.94M	3.57M	-20.24M	-2.13M	23.12M	20.54M	39.99M	-39.90M	-41.11M	-53.37M	76.16M	8.06M	-45.22M	-21.07M	-25.94M
Levered Free Cash Flow	399.19M	810.96M	544.89M	304.47M	327.92M	574.48M	39.97M	748.13M	555.35M	117.83M	-59.19M	-391.46M	-157.56M	212.95M	136.77M	227.37M	177.87M	-138.86M	386.43M	314.15M	236.44M	323.96M	85.38M	16.75M	-52.78M