CTF Services Limited (0659.HK)

Industry: Engineering & Construction Sector: Industrials Currency Used: HK Live Price: $8.43

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
Stock Price	7.34	8.10	7.10	7.79	6.94	13.63	14.82	14.79	12.43	11.41	14.32	11.91	12.17	10.93	10.57	9.44	10.01	14.80	10.44	7.53	6.85	3.67	1.31	1.31
Market Capitalization	29,140.34M	31,690.02M	27,767.27M	30,448.21M	27,143.30M	53,270.93M	57,785.41M	57,345.60M	47,509.31M	42,997.62M	53,391.42M	43,635.54M	42,878.55M	36,918.81M	34,280.63M	29,653.22M	30,877.95M	45,031.93M	31,132.15M	21,449.33M	18,694.11M	9,928.69M	3,907.81M	10,423.98M
(-) Cash & Equivalents	16,733.85M	19,649.50M	15,558.45M	11,225.80M	12,097.90M	13,781.75M	6,966.10M	6,437.10M	9,472.05M	10,895.75M	9,454.85M	8,284.25M	5,843.15M	5,981.50M	5,275.75M	2,602.55M	1,998.90M	1,560.40M	1,210.65M	1,824.95M	1,750.90M	1,274.20M	116.44M	80.98M
(+) Total Debt	32,986.45M	35,191.30M	35,007.45M	34,633.70M	40,858.70M	32,810.65M	11,514.55M	11,149.45M	15,246.55M	17,682.05M	17,231.50M	17,928.15M	18,180.60M	13,154.00M	4,927.40M	4,403.00M	4,395.45M	6,184.70M	2,264.15M	3,061.55M	4,059.95M	4,720.55M	0.00M	0.00M
Enterprise Value	45,392.94M	47,231.82M	47,216.27M	53,856.11M	55,904.10M	72,299.83M	62,333.86M	62,057.95M	53,283.81M	49,783.92M	61,168.07M	53,279.44M	55,216.00M	44,091.31M	33,932.28M	31,453.67M	33,274.50M	49,656.23M	32,185.65M	22,685.93M	21,003.16M	13,375.04M	3,791.37M	10,342.99M

Income Statement

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30
Revenue	50,707M	76,352M	24,285M	26,422M	27,121M	31,139M	28,197M	22,612M	26,834M	35,115M	31,385M	29,498M	24,492M	21,443M	16,248M	14,954M	9,561M	12,089M	17,251M	18,890M	15,047M	12,544M	10,286M	12,553M	5,770M	125M	136M
Cost of Revenue	41,475M	67,620M	20,334M	22,486M	40,011M	27,609M	24,406M	19,762M	23,626M	31,332M	27,763M	26,145M	21,341M	18,363M	13,114M	11,876M	7,902M	10,112M	15,407M	16,519M	13,751M	11,445M	9,568M	11,181M	5,176M	0M	0M
Gross Profit	9,232M	8,732M	3,952M	3,936M	-12,890M	3,529M	3,791M	2,850M	3,208M	3,783M	3,622M	3,353M	3,151M	3,080M	3,134M	3,078M	1,659M	1,977M	1,844M	2,370M	1,296M	1,099M	718M	1,372M	594M	125M	136M
Gross Profit Margin	18.2%	11.4%	16.3%	14.9%	-47.5%	11.3%	13.4%	12.6%	12.0%	10.8%	11.5%	11.4%	12.9%	14.4%	19.3%	20.6%	17.4%	16.4%	10.7%	12.5%	8.6%	8.8%	7.0%	10.9%	10.3%	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	0M	0M
SG&A Expenses	2,164M	7,330M	1,015M	1,140M	1,232M	3,209M	2,780M	2,372M	1,583M	1,466M	1,294M	1,104M	1,014M	881M	747M	655M	717M	1,146M	1,202M	1,378M	756M	775M	810M	983M	420M	0M	0M
Operating Expenses	877M	7,100M	719M	273M	714M	3,209M	3,198M	2,372M	1,642M	3,031M	2,870M	2,427M	2,094M	2,065M	1,899M	-1,241M	603M	787M	740M	1,039M	770M	805M	870M	1,389M	467M	147M	186M
Operating Income (EBIT)	8,355M	1,633M	3,233M	3,663M	-13,604M	321M	593M	479M	1,566M	752M	752M	926M	1,057M	1,015M	1,235M	4,319M	1,056M	1,190M	1,104M	1,331M	526M	295M	-152M	-17M	127M	-22M	-50M
Operating Income Margin	16.5%	2.1%	13.3%	13.9%	-50.2%	1.0%	2.1%	2.1%	5.8%	2.1%	2.4%	3.1%	4.3%	4.7%	7.6%	28.9%	11.0%	9.8%	6.4%	7.0%	3.5%	2.3%	-1.5%	-0.1%	2.2%	-17.5%	-36.5%
Interest Income	6,820M	4,324M	3,552M	3,268M	2,507M	1,852M	1,653M	1,194M	310M	202M	202M	320M	347M	455M	396M	346M	96M	69M	200M	188M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	2,669M	1,698M	1,470M	1,199M	938M	760M	839M	967M	452M	348M	468M	621M	638M	694M	769M	568M	92M	114M	214M	299M	221M	254M	206M	281M	0M	3M	5M
Net Interest Income	4,151M	2,626M	2,081M	2,069M	1,569M	1,092M	814M	227M	-142M	-146M	-266M	-302M	-290M	-239M	-373M	-223M	4M	-46M	-14M	-111M	-221M	-254M	-206M	-281M	0M	-3M	-5M
Unusual Items	-6,156M	604M	-2,286M	-2,411M	14,882M	1,046M	1,035M	-403M	3,486M	6,259M	5,845M	4,971M	4,222M	4,211M	3,861M	1,956M	4,037M	3,270M	1,654M	3,029M	1,869M	1,741M	3,560M	2,185M	1,252M	238M	395M
EBT Excluding Unusual Items	12,506M	4,258M	5,314M	5,732M	-12,035M	1,412M	1,408M	706M	1,424M	607M	486M	624M	767M	777M	862M	4,097M	1,059M	1,145M	1,090M	1,220M	305M	41M	-358M	-297M	127M	-25M	-54M
Pre-Tax Income	6,349M	4,862M	3,029M	3,321M	2,847M	2,458M	2,443M	302M	4,911M	6,866M	6,330M	5,594M	4,989M	4,988M	4,723M	6,053M	5,096M	4,414M	2,744M	4,250M	2,174M	1,782M	3,202M	1,888M	1,379M	213M	341M
Pre-Tax Margin	12.5%	6.4%	12.5%	12.6%	10.5%	7.9%	8.7%	1.3%	18.3%	19.6%	20.2%	19.0%	20.4%	23.3%	29.1%	40.5%	53.3%	36.5%	15.9%	22.5%	14.4%	14.2%	31.1%	15.0%	23.9%	170.6%	250.9%
Income Tax Expense	1,367M	1,334M	666M	701M	764M	576M	691M	590M	652M	745M	685M	633M	476M	605M	641M	625M	440M	332M	163M	215M	136M	105M	288M	330M	147M	67M	75M
Net Income	4,813M	3,432M	2,364M	2,542M	2,059M	2,170M	1,697M	537M	4,230M	6,069M	5,629M	4,913M	4,478M	4,325M	4,008M	5,251M	4,627M	4,012M	2,529M	3,818M	2,038M	1,677M	2,915M	1,558M	1,232M	144M	276M
Net Income Margin	9.5%	4.5%	9.7%	9.6%	7.6%	7.0%	6.0%	2.4%	15.8%	17.3%	17.9%	16.7%	18.3%	20.2%	24.7%	35.1%	48.4%	33.2%	14.7%	20.2%	13.5%	13.4%	28.3%	12.4%	21.4%	115.1%	203.3%
Depreciation & Amortization	3,450M	4,713M	1,508M	1,759M	1,677M	2,246M	2,283M	1,560M	1,482M	1,487M	1,203M	1,024M	998M	907M	853M	688M	184M	219M	214M	3,218M	-292M	-355M	-2,117M	-564M	72M	39M	44M
EBITDA	11,805M	6,346M	4,740M	5,421M	-11,926M	2,566M	2,876M	2,039M	3,049M	2,239M	1,955M	1,950M	2,055M	1,923M	2,088M	5,007M	1,240M	1,409M	1,318M	4,548M	235M	-61M	-2,270M	-581M	199M	17M	-6M
EBITDA Margin	23.3%	8.3%	19.5%	20.5%	-44.0%	8.2%	10.2%	9.0%	11.4%	6.4%	6.2%	6.6%	8.4%	9.0%	12.8%	33.5%	13.0%	11.7%	7.6%	24.1%	1.6%	-0.5%	-22.1%	-4.6%	3.4%	13.6%	-4.5%
NOPAT	6,556M	1,185M	2,521M	2,890M	-9,954M	246M	425M	-455M	1,358M	671M	670M	821M	956M	892M	1,067M	3,873M	964M	1,101M	1,039M	1,263M	493M	277M	-138M	-14M	113M	-15M	-39M
NOPAT Margin	12.9%	1.6%	10.4%	10.9%	-36.7%	0.8%	1.5%	-2.0%	5.1%	1.9%	2.1%	2.8%	3.9%	4.2%	6.6%	25.9%	10.1%	9.1%	6.0%	6.7%	3.3%	2.2%	-1.3%	-0.1%	2.0%	-12.0%	-28.5%
Owner's Earnings	7,556M	6,926M	3,872M	3,810M	3,220M	3,713M	3,567M	-3,922M	5,065M	7,019M	6,143M	5,388M	5,195M	5,009M	4,722M	5,759M	2,787M	3,887M	2,112M	5,980M	1,630M	1,202M	724M	842M	1,163M	159M	280M
Owner's Earnings Margin	14.9%	9.1%	15.9%	14.4%	11.9%	11.9%	12.7%	-17.3%	18.9%	20.0%	19.6%	18.3%	21.2%	23.4%	29.1%	38.5%	29.2%	32.2%	12.2%	31.7%	10.8%	9.6%	7.0%	6.7%	20.2%	126.9%	205.9%
EPS (Basic)	1.06	0.88	0.54	0.53	0.37	0.36	0.30	0.03	1.08	1.56	1.46	1.29	1.19	1.17	1.11	1.53	1.40	1.26	0.81	1.25	0.67	0.59	1.06	0.57	0.90	0.03	0.05
EPS (Diluted)	1.20	0.88	0.54	0.65	0.53	0.55	0.43	0.14	1.08	1.56	1.46	1.29	1.19	1.17	1.11	1.52	1.40	1.26	0.81	1.24	0.67	0.57	1.01	0.58	0.46	0.02	0.03
Shares (Basic)	4,013M	3,911M	4,378M	4,572M	3,911M	3,911M	3,911M	3,911M	3,902M	3,894M	3,848M	3,794M	3,751M	3,695M	3,621M	3,443M	3,302M	3,184M	3,115M	3,064M	2,996M	2,819M	2,732M	2,709M	2,697M	7,957M	7,957M
Shares (Diluted)	4,013M	3,911M	4,378M	3,929M	3,911M	3,911M	3,911M	3,911M	3,906M	3,895M	3,848M	3,794M	3,751M	3,695M	3,621M	3,445M	3,304M	3,184M	3,115M	3,070M	3,023M	2,952M	2,876M	2,709M	2,697M	7,957M	7,957M

Balance Sheet

Metric	MRQ	MRQ-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30
Cash & Cash Equivalents	20,210.70M	18,656.40M	20,210.70M	14,811.30M	19,242.20M	13,438.80M	10,790.90M	13,208.20M	15,058.90M	6,656.60M	6,453.40M	8,923.60M	10,422.30M	7,636.90M	7,768.20M	5,199.00M	4,500.50M	5,157.60M	5,205.10M	3,997.80M	3,120.80M	2,421.30M	3,649.90M	3,501.80M	2,548.40M	349.33M	161.97M
Short-Term Investments	9,710.10M	9,816.20M	9,710.10M	10,637.40M	13,832.30M	13,649.70M	13,153.90M	9,968.50M	0.10M	0.00M	0.00M	30.00M	0.20M	0.60M	584.30M	585.00M	1.60M	35.50M	63.30M	0.00M	246.90M	1.10M	32.00M	1.30M	17.70M	0.00M	0.00M
Cash & Short-Term Investments	29,920.80M	28,472.60M	29,920.80M	25,448.70M	33,074.50M	27,088.50M	23,944.80M	23,176.70M	15,059.00M	6,656.60M	6,453.40M	8,953.60M	10,422.50M	7,637.50M	8,352.50M	5,784.00M	4,502.10M	5,193.10M	5,268.40M	3,997.80M	3,367.70M	2,422.40M	3,681.90M	3,503.10M	2,566.10M	349.33M	161.97M
Net Receivables	11,491.10M	6,252.60M	11,491.10M	6,727.30M	6,967.50M	14,217.10M	4,997.90M	6,612.60M	13,992.00M	6,849.30M	13,728.40M	4,270.70M	8,969.10M	8,409.30M	5,444.00M	2,493.60M	1,713.60M	1,728.30M	10,725.40M	0.00M	14,692.10M	5,692.60M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	20.80M	21.20M	20.80M	18.40M	239.60M	170.00M	207.00M	328.60M	428.60M	461.90M	484.00M	395.70M	436.90M	329.60M	366.30M	499.30M	340.60M	213.00M	250.20M	278.90M	151.10M	122.80M	145.50M	123.80M	135.10M	0.00M	0.00M
Other Current Assets	0.00M	2,891.90M	255.80M	627.20M	3,001.90M	27.40M	801.80M	-111.50M	7,398.50M	8,663.40M	9,286.90M	10,404.60M	5,832.70M	5,626.10M	751.40M	54.70M	3,245.80M	1,830.00M	265.80M	0.00M	0.00M	0.00M	0.00M	0.00M	4,964.20M	124.23M	101.02M
Total Current Assets	41,432.70M	37,638.30M	41,688.50M	32,821.60M	43,283.50M	41,503.00M	29,951.50M	30,006.40M	36,878.10M	22,631.20M	29,952.70M	24,024.60M	25,661.20M	22,002.50M	14,914.20M	8,831.60M	9,802.10M	8,964.40M	16,509.80M	4,276.70M	18,210.90M	8,237.80M	3,827.40M	3,626.90M	7,665.40M	473.56M	262.99M
Property, Plant & Equipment	2,176.80M	2,098.80M	2,176.80M	2,226.60M	2,509.20M	2,676.40M	2,545.90M	6,881.20M	5,413.40M	5,370.30M	5,487.80M	1,034.70M	658.40M	552.70M	454.10M	406.40M	332.50M	321.20M	719.70M	1,865.30M	3,060.40M	2,987.80M	3,359.30M	3,621.80M	9,350.10M	272.19M	1,180.52M
Goodwill	0.00M	5,576.30M	0.00M	5,576.30M	5,579.50M	5,579.60M	5,579.60M	5,579.60M	406.60M	408.60M	408.60M	46.00M	51.80M	51.80M	51.80M	67.20M	51.80M	0.00M	343.30M	0.00M	0.00M	329.90M	329.90M	-516.10M	-447.90M	0.66M	0.00M
Intangible Assets	0.00M	11,938.30M	17,148.70M	12,578.60M	24,277.50M	24,211.80M	25,666.90M	25,642.20M	10,372.90M	11,836.90M	12,314.20M	13,347.60M	15,276.10M	16,100.30M	17,094.90M	17,213.30M	1,391.60M	1,507.90M	2,408.50M	1,474.40M	598.10M	107.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	112,137.40M	105,654.80M	105,416.00M	101,057.30M	89,708.70M	77,518.00M	75,785.60M	76,294.40M	34,622.50M	35,327.90M	34,334.80M	34,582.70M	34,360.40M	33,753.30M	29,972.00M	29,065.10M	26,927.00M	21,940.80M	18,916.00M	0.00M	4,727.10M	13,036.70M	12,019.10M	11,651.50M	10,795.60M	3,070.71M	2,499.43M
Tax Assets	0.00M	0.00M	0.00M	0.00M	136.50M	139.10M	56.60M	22.80M	28.00M	9.90M	6.00M	2.60M	2.30M	2.00M	0.00M	3,156.80M	3,121.20M	2,095.50M	1,383.50M	0.00M	0.00M	0.00M	0.00M	0.00M	17.70M	0.00M	0.00M
Other Non-Current Assets	0.00M	-1,228.80M	6,465.60M	769.50M	-2,742.00M	-2,857.10M	2,822.50M	-4,081.70M	-28.00M	-9.90M	-6.00M	-2.60M	-2.30M	-2.00M	-47,572.80M	965.80M	814.30M	1,069.20M	601.70M	21,704.10M	11,016.70M	762.00M	635.40M	492.90M	27.60M	0.00M	0.00M
Other Assets	0.00M	0.00M	0.00M	26.90M	0.00M	0.00M	0.00M	0.00M	5,764.40M	2,563.70M	2,455.90M	2,649.40M	4,959.10M	4,677.40M	4,516.50M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	114,314.20M	124,039.40M	131,207.10M	122,235.20M	119,469.40M	107,267.80M	112,457.10M	110,338.50M	56,579.80M	55,507.40M	55,001.30M	51,660.40M	55,305.80M	55,135.50M	4,516.50M	50,874.60M	32,638.40M	26,934.60M	24,372.70M	25,043.80M	19,402.30M	17,223.40M	16,343.70M	15,250.10M	19,743.10M	3,343.56M	3,679.96M
Total Assets	155,746.90M	161,677.70M	172,895.60M	155,056.80M	162,752.90M	148,770.80M	142,408.60M	140,344.90M	93,457.90M	78,138.60M	84,954.00M	75,685.00M	80,967.00M	77,138.00M	19,430.70M	59,706.20M	42,440.50M	35,899.00M	40,882.50M	29,320.50M	37,613.20M	25,461.20M	20,171.10M	18,877.00M	27,408.50M	3,817.12M	3,942.95M
Accounts Payable	943.00M	138.00M	12,907.20M	467.70M	568.50M	2,455.40M	627.90M	584.80M	933.70M	1,266.40M	888.80M	630.90M	606.50M	808.40M	555.60M	448.60M	3,742.40M	4,473.90M	5,147.30M	10,362.30M	3,473.00M	5,333.60M	578.50M	181.60M	652.60M	55.00M	195.40M
Short-Term Debt	716.90M	2,317.30M	716.90M	4,550.50M	1,982.40M	5,221.00M	1,477.70M	2,482.00M	2,403.30M	1,035.00M	305.80M	5,813.10M	3,324.40M	5,513.50M	1,403.70M	2,556.10M	3,898.30M	1,393.90M	3,402.10M	3,722.30M	7,747.70M	1,216.70M	2,279.90M	2,556.20M	1,686.50M	0.00M	0.00M
Tax Payables	0.00M	0.00M	0.00M	570.90M	702.40M	669.00M	546.80M	375.70M	483.20M	575.80M	380.10M	318.30M	369.30M	358.90M	403.50M	448.10M	322.60M	254.90M	221.80M	268.80M	183.80M	96.60M	107.40M	105.90M	133.60M	0.02M	0.07M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	46,543.90M	32,340.80M	24,806.60M	21,757.10M	1,337.30M	2,867.30M	3,872.50M	3,274.30M	-3,324.40M	-5,513.50M	-1,403.70M	-2,108.00M	322.60M	0.00M	-3,117.70M	0.00M	-7,563.90M	-1,120.10M	107.40M	105.90M	133.60M	0.00M	0.00M
Other Current Liabilities	11,964.20M	14,574.10M	-273.60M	11,322.20M	19,628.90M	16,023.20M	22,153.50M	21,629.50M	-41.70M	11,001.60M	13,134.20M	1,787.90M	1,276.00M	1,105.80M	4,416.60M	4,015.40M	601.00M	1,294.40M	5,461.80M	0.00M	5,557.30M	0.00M	4,029.00M	4,293.10M	5,072.20M	19.70M	1.57M
Total Current Liabilities	13,624.10M	17,029.40M	13,350.50M	16,911.30M	69,426.10M	56,709.40M	49,612.50M	46,829.10M	5,115.80M	16,746.10M	18,581.40M	11,824.50M	2,251.80M	2,273.10M	5,375.70M	5,360.20M	8,886.90M	7,417.10M	11,115.30M	14,353.40M	9,397.90M	5,526.80M	7,102.20M	7,242.70M	7,678.50M	74.72M	197.04M
Long-Term Debt	37,209.60M	32,364.90M	34,861.80M	25,329.40M	22,048.30M	28,851.70M	23,254.40M	37,420.20M	12,700.60M	9,178.70M	9,423.30M	9,323.40M	13,583.80M	12,251.50M	16,374.50M	15,110.00M	2,868.30M	3,496.40M	5,564.50M	5,068.60M	4,621.70M	4,087.30M	3,843.20M	5,563.70M	7,754.60M	0.00M	0.00M
Capital Lease Obligations	716.90M	656.40M	716.90M	738.90M	729.60M	901.60M	1,079.40M	1,575.10M	0.00M	0.00M	48.30M	20.10M	18.80M	24.50M	28.60M	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	1,152.10M	1,191.00M	1,152.10M	1,266.50M	1,412.50M	1,787.20M	1,925.40M	2,285.90M	2,262.20M	2,490.20M	2,519.00M	2,109.30M	2,378.30M	2,512.10M	2,607.40M	2,562.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	81.80M	0.00M	0.00M
Other Non-Current Liabilities	5,450.80M	3,718.30M	5,450.80M	2,855.50M	-13,822.80M	443.00M	20,429.70M	446.10M	59.00M	57.10M	68.20M	108.40M	106.90M	101.00M	78.50M	312.90M	344.30M	315.30M	40.30M	628.10M	0.00M	0.00M	1,413.50M	1,664.00M	3,469.30M	19.68M	0.00M
Total Non-Current Liabilities	44,529.40M	37,930.60M	42,181.60M	30,190.30M	10,367.60M	31,983.50M	46,688.90M	41,727.30M	15,021.80M	11,726.00M	12,058.80M	11,561.20M	16,087.80M	14,889.10M	19,089.00M	17,985.20M	3,212.60M	3,811.70M	5,604.80M	5,696.70M	4,621.70M	4,087.30M	5,256.70M	7,227.70M	11,305.70M	19.68M	0.00M
Total Liabilities	58,153.50M	54,960.00M	55,532.10M	47,101.60M	79,793.70M	88,692.90M	96,301.40M	88,556.40M	20,137.60M	28,472.10M	30,640.20M	23,385.70M	18,339.60M	17,162.20M	24,464.70M	23,345.40M	12,099.50M	11,228.80M	16,720.10M	20,050.10M	14,019.60M	9,614.10M	12,358.90M	14,470.40M	18,984.20M	94.40M	197.04M
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
Common Stock	4,009.80M	3,997.50M	4,009.80M	3,997.50M	3,910.50M	3,911.10M	3,911.10M	3,911.10M	3,911.10M	3,896.50M	3,888.30M	3,832.00M	3,775.40M	3,741.90M	3,675.60M	3,581.60M	3,387.60M	2,178.90M	2,071.30M	2,057.60M	2,014.20M	1,943.80M	1,825.10M	1,792.50M	0.00M	525.36M	525.36M
Retained Earnings	0.00M	13,843.80M	0.00M	13,033.40M	29,310.90M	24,406.70M	24,915.60M	25,749.30M	28,290.70M	27,518.30M	27,002.40M	23,824.70M	21,497.30M	18,894.20M	17,002.10M	898.00M	0.00M	719.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	0.00M	4,673.80M	35,854.80M	7,998.10M	4,653.30M	7,697.70M	11,793.70M	24,634.40M	27,313.40M	28,424.00M	27,647.00M	24,946.50M	3,852.00M	3,700.30M	4,332.70M	31,314.70M	14,350.90M	-902.40M	9,419.10M	-1,886.30M	0.00M	0.00M	0.00M	0.00M	0.00M	-161.61M	-166.50M
Minority Interest	17.10M	17.30M	17.10M	19.10M	50.80M	50.10M	12.10M	562.20M	160.80M	173.80M	217.90M	239.50M	774.30M	827.00M	837.90M	838.50M	1,268.60M	265.10M	1,084.20M	1,266.40M	1,002.00M	387.10M	0.00M	0.00M	0.00M	25.01M	212.16M
Total Shareholders’ Equity	4,009.80M	22,515.10M	39,864.60M	25,029.00M	37,874.70M	36,015.50M	40,620.40M	54,294.80M	59,515.20M	59,838.80M	58,537.70M	52,603.20M	29,124.70M	26,336.40M	25,010.40M	35,794.30M	17,738.50M	1,995.50M	11,490.40M	171.30M	2,014.20M	1,943.80M	1,825.10M	1,792.50M	0.00M	363.75M	358.87M
Total Equity	4,026.90M	22,532.40M	39,881.70M	25,048.10M	37,925.50M	36,065.60M	40,632.50M	54,857.00M	59,676.00M	60,012.60M	58,755.60M	52,842.70M	29,899.00M	27,163.40M	25,848.30M	36,632.80M	19,007.10M	2,260.60M	12,574.60M	1,437.70M	3,016.20M	2,330.90M	1,825.10M	1,792.50M	0.00M	388.76M	571.02M
Total Liabilities & Equity	62,180.40M	77,492.40M	95,413.80M	72,149.70M	117,719.20M	124,758.50M	136,933.90M	143,413.40M	79,813.60M	88,484.70M	89,395.80M	76,228.40M	48,238.60M	44,325.60M	50,313.00M	59,978.20M	31,106.60M	13,489.40M	29,294.70M	21,487.80M	17,035.80M	11,945.00M	14,184.00M	16,262.90M	18,984.20M	483.16M	768.06M
Tangible Assets	155,746.90M	144,163.10M	155,746.90M	136,901.90M	132,895.90M	118,979.40M	111,162.10M	109,123.10M	82,678.40M	65,893.10M	72,231.20M	62,291.40M	65,639.10M	60,985.90M	2,284.00M	42,425.70M	40,997.10M	34,391.10M	38,130.70M	27,846.10M	37,015.10M	25,024.30M	19,841.20M	19,393.10M	27,856.40M	3,816.46M	3,942.95M
Tangible Equity	4,026.90M	5,017.80M	22,733.00M	6,893.20M	8,068.50M	6,274.20M	9,386.00M	23,635.20M	48,896.50M	47,767.10M	46,032.80M	39,449.10M	14,571.10M	11,011.30M	8,701.60M	19,352.30M	17,563.70M	752.70M	9,822.80M	-36.70M	2,418.10M	1,894.00M	1,495.20M	2,308.60M	447.90M	388.10M	571.02M
Tangible Book Value	4,026.90M	5,017.80M	22,733.00M	6,893.20M	8,068.50M	6,274.20M	9,386.00M	23,635.20M	48,896.50M	47,767.10M	46,032.80M	39,449.10M	14,571.10M	11,011.30M	8,701.60M	19,352.30M	17,563.70M	752.70M	9,822.80M	-36.70M	2,418.10M	1,894.00M	1,495.20M	2,308.60M	447.90M	388.10M	571.02M
Total Investments	121,847.50M	115,528.10M	115,126.10M	111,731.60M	103,541.00M	91,167.70M	88,939.50M	86,262.90M	34,622.60M	35,327.90M	34,334.80M	34,612.70M	34,360.60M	33,753.90M	30,555.50M	29,065.10M	26,927.00M	21,976.30M	18,916.00M	19,930.70M	4,727.10M	13,036.70M	12,019.10M	11,651.50M	10,813.30M	3,070.71M	2,499.43M
Net Debt	17,715.80M	16,025.80M	15,368.00M	15,068.60M	4,788.50M	20,633.90M	13,941.20M	26,694.00M	45.00M	3,557.10M	3,275.70M	6,212.90M	6,485.90M	10,128.10M	10,010.00M	12,467.10M	2,266.10M	-267.30M	3,761.50M	4,793.10M	9,248.60M	2,882.70M	2,473.20M	4,618.10M	6,892.70M	-349.33M	-161.97M

Capital Metrics

Metric	MRQ	MRQ-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30
Working Capital	27,365.3M	20,353.8M	28,338.0M	15,715.5M	-28,139.5M	-15,439.8M	-9,239.6M	-7,175.1M	15,756.1M	6,423.1M	6,395.8M	5,774.0M	7,098.9M	2,902.2M	8,154.1M	3,743.4M	2,935.1M	3,329.2M	5,672.9M	3,067.4M	3,417.9M	1,717.3M	1,855.0M	1,528.2M	120.5M	398.8M	10.9M
Total Capital	75,443.3M	76,157.3M	75,443.3M	73,966.9M	90,805.6M	89,081.1M	84,480.7M	88,221.6M	80,195.0M	60,124.6M	58,739.8M	60,683.7M	62,321.6M	59,981.4M	57,961.3M	53,460.4M	37,739.5M	31,077.3M	31,981.2M	28,672.6M	29,565.9M	18,994.6M	19,065.1M	17,670.5M	17,999.0M	3,717.4M	3,478.7M
Capital Employed	158,828.2M	144,393.2M	159,545.1M	137,950.7M	91,329.9M	91,828.0M	103,217.5M	103,163.4M	72,335.9M	61,930.5M	61,397.1M	57,434.4M	62,404.7M	58,037.7M	60,243.4M	54,618.0M	35,573.5M	30,263.8M	30,045.6M	28,111.2M	22,820.2M	18,940.7M	18,198.7M	16,778.3M	19,863.6M	3,742.4M	3,690.9M
Invested Capital	55,232.6M	57,500.9M	55,232.6M	59,155.6M	71,563.4M	75,642.3M	73,689.8M	75,013.4M	65,136.1M	53,468.0M	52,286.4M	51,760.1M	51,899.3M	52,344.5M	50,193.1M	48,261.4M	33,239.0M	25,919.7M	26,776.1M	24,674.8M	26,445.1M	16,573.3M	15,415.2M	14,168.7M	15,450.6M	3,368.1M	3,316.8M

Cash Flow Statement

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30
Net Income	4,651.40M	3,311.20M	2,364.30M	3,662.60M	2,026.70M	1,284.50M	1,157.30M	536.50M	4,230.10M	6,068.80M	5,628.90M	4,912.80M	4,477.60M	4,324.90M	4,008.00M	4,838.00M	2,657.00M	1,921.60M	1,250.80M	3,818.30M	2,037.90M	1,677.20M	2,914.50M	1,558.00M	1,231.90M	-209.73M	-49.64M
Depreciation & Amortization	2,661.70M	4,713.10M	0.00M	1,758.50M	2,467.40M	2,245.70M	2,282.60M	1,559.90M	1,482.30M	1,487.00M	1,202.80M	1,023.90M	998.00M	907.30M	853.30M	688.00M	184.20M	218.70M	213.80M	0.00M	0.00M	0.00M	0.00M	0.00M	72.00M	38.95M	43.56M
Deferred Income Tax	0.00M	-3,942.40M	0.00M	0.00M	-3,942.40M	0.00M	0.00M	0.00M	0.00M	0.00M	329.30M	1,758.50M	1,284.50M	0.00M	0.00M	-2,367.20M	-1,550.10M	-819.20M	-575.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	51.80M	0.00M	0.00M	51.80M	0.00M	0.00M	0.00M	0.00M	0.00M	8.00M	27.80M	79.70M	0.00M	0.00M	0.50M	0.50M	15.30M	41.20M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-1,210.70M	1,258.10M	0.00M	6,863.10M	1,923.00M	-664.90M	-1,981.80M	-2,431.90M	393.10M	-764.90M	-334.10M	-1,775.70M	-1,332.90M	-1,221.90M	-464.30M	-571.20M	-485.70M	750.10M	394.60M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	5.03M	5.54M
Accounts Receivable	105.10M	-1,042.20M	0.00M	450.40M	-1,107.50M	65.30M	709.30M	-324.70M	359.80M	-787.00M	-331.60M	-1,816.90M	-1,225.60M	-1,258.60M	-597.30M	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	65.80M	-32.60M	0.00M	68.60M	-69.60M	37.00M	51.20M	69.80M	33.30M	22.10M	-2.50M	41.20M	-107.30M	36.70M	133.00M	-158.70M	-131.70M	3.60M	20.90M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Payable	-702.60M	1,548.20M	0.00M	-508.80M	2,221.30M	-673.10M	-765.50M	-985.30M	-551.40M	858.60M	1,470.60M	2,885.30M	0.00M	0.00M	0.00M	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	-872.80M	784.70M	0.00M	6,926.10M	878.80M	-94.10M	-1,976.80M	-1,191.70M	551.40M	-858.60M	-1,470.60M	-2,885.30M	64.20M	196.80M	-154.00M	-412.50M	-354.00M	746.50M	373.70M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Cash Items	-1,573.30M	12,129.60M	-2,364.30M	-9,835.50M	2,758.90M	1,682.90M	-1,561.00M	1,338.70M	-3,988.80M	-2,362.10M	-3,544.10M	-584.70M	-1,396.40M	-845.30M	-1,922.20M	-834.30M	-47.50M	-39.00M	-294.10M	-2,507.60M	-1,508.10M	-1,164.50M	-2,641.50M	-1,333.40M	-383.70M	358.14M	82.60M
Net Cash from Operating Activities	4,529.10M	12,459.20M	0.00M	2,448.70M	5,285.40M	4,548.20M	-102.90M	1,003.20M	2,116.70M	4,428.80M	2,958.30M	3,593.50M	2,794.70M	3,165.00M	2,474.80M	1,753.80M	758.40M	2,047.50M	1,031.30M	1,310.70M	529.80M	512.70M	273.00M	224.60M	920.20M	192.40M	82.06M
Capital Expenditures (PPE)	-707.00M	-1,219.60M	0.00M	-490.30M	-516.80M	-702.80M	-411.90M	-6,018.80M	-647.60M	-536.40M	-688.40M	-548.90M	-280.60M	-223.30M	-139.70M	-180.60M	-2,023.90M	-343.50M	-630.70M	-1,055.40M	-116.50M	-120.50M	-73.60M	-151.40M	-140.80M	-24.15M	-39.98M
Acquisitions (Net)	0.60M	-400.90M	0.00M	1.70M	-401.70M	0.80M	3,988.10M	-9,306.90M	-2,738.80M	-36.10M	2,442.00M	-335.20M	-3,917.40M	-2,558.10M	-1,665.60M	-8,083.60M	-3,099.10M	761.40M	1,152.60M	-1,893.10M	-1,624.30M	-500.40M	1,081.30M	2,226.70M	-6,332.60M	8.94M	-1.53M
Purchases of Investments	-389.80M	-9,328.10M	0.00M	-320.60M	-1,992.80M	-7,335.30M	-2,107.30M	-1,594.30M	-4,471.60M	-3,007.20M	-3,914.00M	-80.90M	-30.00M	-2,108.30M	-425.30M	-46.20M	-1,226.40M	-1,612.00M	-196.90M	-609.40M	0.00M	0.00M	76.40M	-407.90M	-17.30M	0.00M	0.00M
Sales / Maturities of Investments	2,129.00M	14,756.50M	0.00M	2,067.60M	6,117.90M	8,638.60M	3,370.60M	1,733.20M	1,856.50M	2,583.80M	943.00M	1,025.80M	2,761.90M	14.50M	460.40M	244.00M	1,490.50M	565.70M	465.90M	1,694.10M	0.00M	0.00M	648.00M	31.00M	94.90M	0.00M	0.00M
Other Investing Activities	401.70M	5,352.70M	0.00M	1,258.20M	1,234.20M	2,215.30M	1,100.60M	140.50M	2,485.90M	2,502.80M	3,621.00M	-519.00M	3,808.40M	3,273.40M	2,934.60M	1,963.80M	1,327.20M	1,736.90M	2,090.50M	-912.50M	1,491.00M	857.50M	872.30M	910.10M	1,930.60M	0.53M	0.12M
Net Cash from Investing Activities	1,434.50M	3,936.80M	0.00M	2,516.60M	4,440.80M	2,816.60M	5,940.10M	-15,046.30M	-3,515.60M	1,506.90M	2,403.60M	-458.20M	2,385.60M	-1,601.80M	1,164.40M	-6,102.60M	-3,531.70M	1,108.50M	2,881.40M	-2,776.30M	-249.80M	236.60M	2,604.40M	2,608.50M	-4,465.20M	-14.69M	-41.39M
Net Debt Issuance	10,881.10M	-884.80M	0.00M	6,201.50M	-291.40M	-880.60M	-4,449.70M	14,354.70M	4,851.60M	434.40M	-5,749.40M	-1,773.40M	-910.30M	-40.30M	-233.20M	5,625.30M	2,228.40M	-1,721.90M	-1,671.40M	2,827.80M	697.40M	-1,167.00M	-1,996.30M	-1,957.50M	-2,611.90M	-1.60M	-10.14M
Long-Term Debt Issuance	6,893.70M	-1,328.00M	0.00M	6,201.50M	-248.80M	-821.40M	-4,365.10M	11,915.30M	4,851.60M	434.40M	-5,749.40M	-1,773.40M	-910.30M	-40.30M	-233.20M	5,625.30M	2,226.50M	-1,734.30M	-20.30M	2,827.80M	697.40M	-451.50M	-1,996.30M	-1,957.50M	-2,611.90M	-1.60M	0.00M
Short-Term Debt Issuance	3,987.40M	130.20M	0.00M	6,150.80M	-42.60M	-59.20M	-84.60M	2,439.40M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.90M	12.40M	-1,651.10M	0.00M	0.00M	-715.50M	-3.80M	-1,957.50M	0.00M	-1.57M	-10.14M
Net Stock Issuance	-7,709.80M	-5.60M	0.00M	11.20M	-30.90M	0.00M	0.00M	0.00M	206.60M	115.90M	70.60M	0.00M	0.00M	0.00M	111.90M	186.60M	66.40M	0.00M	-45.00M	2.90M	3.90M	46.70M	246.30M	43.80M	0.00M	11.22M	0.00M
Common Stock Issuance	2,331.50M	2,072.70M	0.00M	2,331.50M	2,072.70M	0.00M	0.00M	0.00M	206.60M	115.90M	70.60M	0.00M	0.00M	0.00M	111.90M	186.60M	66.40M	0.00M	1.90M	2.90M	3.90M	46.70M	246.30M	43.80M	0.00M	0.00M	0.00M
Common Stock Repurchased	-10,041.30M	-2,103.60M	0.00M	-7,949.30M	-2,103.60M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-46.90M	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	7,960.50M	-25.80M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	11.22M	0.00M
Net Dividends Paid	-10,329.60M	-4,732.00M	0.00M	-8,826.20M	-2,385.30M	-2,346.70M	-2,268.50M	-2,268.50M	-2,927.30M	-5,569.80M	-1,947.30M	-1,817.20M	-1,395.30M	-1,519.50M	-930.30M	-1,288.60M	-662.40M	-807.60M	-965.10M	-777.60M	-387.60M	-677.10M	-785.00M	-629.70M	-77.80M	0.00M	0.00M
Common Dividends Paid	-3,666.60M	-4,732.00M	0.00M	-2,487.00M	-2,385.30M	-2,346.70M	-2,268.50M	-2,268.50M	-2,927.30M	-5,569.80M	-1,947.30M	-1,817.20M	-1,395.30M	-1,519.50M	-930.30M	-1,288.60M	-662.40M	-807.60M	-965.10M	-705.70M	-387.60M	-677.10M	-598.30M	-629.70M	-77.80M	-175.10M	0.00M
Preferred Dividends Paid	-6,663.00M	0.00M	0.00M	-6,339.20M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	8.80M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	55.10M	-2,125.20M	0.00M	-6,651.80M	-972.20M	-1,423.60M	-1,865.00M	103.30M	7,740.50M	-95.00M	-116.40M	-567.40M	-88.00M	-58.40M	-105.80M	503.70M	-19.50M	-72.10M	-55.70M	158.50M	-25.30M	-183.40M	-364.50M	675.00M	8,422.60M	-175.12M	0.00M
Net Cash from Financing Activities	-7,103.20M	-7,090.80M	0.00M	-9,265.30M	-3,679.80M	-4,650.90M	-8,583.20M	12,189.50M	9,871.40M	-5,114.50M	-7,742.50M	-4,158.00M	-2,393.60M	-1,618.20M	-1,157.40M	5,027.00M	1,612.90M	-2,601.60M	-2,737.20M	2,283.50M	297.20M	-1,980.80M	-2,729.30M	-1,868.50M	5,732.90M	9.65M	-10.14M
Effect of FX on Cash	496.70M	-346.40M	0.00M	-7.20M	-254.60M	-91.80M	222.40M	-119.60M	-70.30M	38.70M	-75.50M	-490.10M	0.00M	-73.80M	67.00M	20.30M	132.20M	0.00M	0.00M	138.20M	42.30M	2.90M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	-19,286.40M	8,451.30M	-14,950.70M	-4,307.20M	5,803.40M	2,622.10M	-2,523.60M	-1,837.20M	7,748.70M	859.90M	-2,456.10M	-1,512.80M	2,786.70M	-128.80M	2,548.80M	698.50M	-1,028.20M	554.40M	1,175.50M	956.10M	619.50M	-1,228.60M	148.10M	964.60M	2,187.90M	187.36M	30.53M
Cash at Beginning of Period	72,739.80M	53,568.50M	14,950.70M	19,257.90M	13,438.80M	10,790.90M	13,208.20M	15,045.40M	7,296.70M	6,436.80M	8,892.90M	10,405.70M	7,619.00M	7,747.80M	5,199.00M	4,500.50M	5,726.80M	5,172.40M	3,996.90M	3,040.80M	2,421.30M	3,649.90M	3,501.80M	2,537.20M	349.30M	161.97M	131.44M
Cash at End of Period	58,802.90M	62,019.80M	0.00M	14,950.70M	19,242.20M	13,438.80M	10,790.90M	13,208.20M	15,045.40M	7,296.70M	6,436.80M	8,892.90M	10,405.70M	7,619.00M	7,747.80M	5,199.00M	4,698.60M	5,726.80M	5,172.40M	3,996.90M	3,040.80M	2,421.30M	3,649.90M	3,501.80M	2,537.20M	349.33M	161.97M
Operating Cash Flow	3,943.40M	12,459.20M	0.00M	2,448.70M	6,200.10M	6,259.10M	370.00M	1,003.20M	2,116.70M	4,428.80M	2,958.30M	3,593.50M	2,794.70M	3,165.00M	2,474.80M	1,753.80M	758.40M	2,047.50M	1,031.30M	1,310.70M	529.80M	512.70M	273.00M	224.60M	920.20M	192.40M	82.06M
Capital Expenditure	-707.00M	-1,219.60M	0.00M	-490.30M	-516.80M	-702.80M	-411.90M	-6,018.80M	-647.60M	-536.40M	-688.40M	-548.90M	-280.60M	-223.30M	-139.70M	-180.60M	-2,023.90M	-343.50M	-630.70M	-1,055.40M	-116.50M	-120.50M	-73.60M	-151.40M	-140.80M	-24.15M	-39.98M
Free Cash Flow	3,236.40M	11,239.60M	0.00M	1,958.40M	5,683.30M	5,556.30M	-41.90M	-5,015.60M	1,469.10M	3,892.40M	2,269.90M	3,044.60M	2,514.10M	2,941.70M	2,335.10M	1,573.20M	-1,265.50M	1,704.00M	400.60M	255.30M	413.30M	392.20M	199.40M	73.20M	779.40M	168.25M	42.08M

Free Cash Flow

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30
EBITDA	10,518.10M	6,115.60M	4,444.10M	4,554.40M	-12,444.70M	2,565.90M	3,294.20M	2,038.50M	3,107.60M	3,803.80M	3,530.90M	3,272.70M	3,134.30M	3,106.10M	3,240.10M	3,111.60M	1,125.90M	1,050.30M	855.30M	4,210.00M	249.00M	-30.50M	-2,209.60M	-175.40M	246.00M	164.01M	179.42M
(-) Tax Adjustment	2,264.45M	1,677.36M	977.75M	960.91M	-3,339.13M	601.44M	932.03M	713.48M	412.49M	412.76M	382.18M	370.24M	299.16M	376.94M	439.66M	321.31M	97.30M	79.04M	50.78M	213.39M	15.58M	-1.79M	-198.52M	-30.62M	26.18M	51.62M	39.52M
(-) Change In Working Capital	-1,210.70M	1,258.10M	0.00M	6,863.10M	1,923.00M	-664.90M	-1,981.80M	-2,431.90M	393.10M	-764.90M	-334.10M	-1,775.70M	-1,332.90M	-1,221.90M	-464.30M	-571.20M	-485.70M	750.10M	394.60M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	5.03M	5.54M
(-) Capital Expenditure	-707.00M	-1,219.60M	0.00M	-490.30M	-516.80M	-702.80M	-411.90M	-6,018.80M	-647.60M	-536.40M	-688.40M	-548.90M	-280.60M	-223.30M	-139.70M	-180.60M	-2,023.90M	-343.50M	-630.70M	-1,055.40M	-116.50M	-120.50M	-73.60M	-151.40M	-140.80M	-24.15M	-39.98M
Unlevered Free Cash Flow	8,757.35M	1,960.54M	3,466.35M	-3,759.91M	-11,545.37M	1,926.56M	3,932.07M	-2,261.88M	1,654.41M	3,619.54M	2,794.42M	4,129.26M	3,887.44M	3,727.76M	3,125.04M	3,180.89M	-509.60M	-122.34M	-220.78M	2,941.21M	116.92M	-149.21M	-2,084.68M	-296.18M	79.02M	83.21M	94.37M
(-) Net Interest Income After Taxes	3,256.94M	1,905.53M	1,623.47M	1,632.55M	1,147.79M	835.81M	583.98M	147.68M	-123.32M	-129.89M	-237.39M	-267.75M	-262.68M	-209.82M	-322.13M	-199.61M	3.29M	-42.45M	-13.36M	-104.90M	-207.27M	-238.89M	-187.04M	-231.78M	0.00M	-2.01M	-3.58M
Net Debt Issuance	10,881.10M	-884.80M	0.00M	6,201.50M	-291.40M	-880.60M	-4,449.70M	14,354.70M	4,851.60M	434.40M	-5,749.40M	-1,773.40M	-910.30M	-40.30M	-233.20M	5,625.30M	2,228.40M	-1,721.90M	-1,671.40M	2,827.80M	697.40M	-1,167.00M	-1,996.30M	-1,957.50M	-2,611.90M	-1.60M	-10.14M
Levered Free Cash Flow	16,381.52M	-829.79M	1,842.88M	809.04M	-12,984.56M	210.15M	-1,101.61M	11,945.15M	6,629.33M	4,183.83M	-2,717.60M	2,623.60M	3,239.82M	3,897.28M	3,213.97M	9,005.81M	1,715.51M	-1,801.80M	-1,878.83M	5,873.91M	1,021.59M	-1,077.32M	-3,893.94M	-2,021.90M	-2,532.88M	83.61M	87.81M