China Overseas Land & Investment Limited (0688.HK)

Industry: Real Estate - Development Sector: Real Estate Currency Used: HK Live Price: $13.11

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	1998	1997	1996
Stock Price	13.04	15.13	22.70	18.05	20.16	29.70	26.38	24.58	22.53	27.28	20.95	20.82	20.54	14.84	14.54	17.20	11.48	14.00	7.48	2.36	1.62	1.12	0.79	1.17	0.84	1.70	1.70	1.70	1.70
Market Capitalization	142,721.29M	165,596.09M	248,448.37M	197,557.49M	220,814.40M	325,399.17M	288,969.80M	269,248.64M	229,391.87M	251,680.80M	171,234.87M	170,207.67M	167,918.22M	121,280.18M	118,807.33M	140,238.86M	90,344.45M	102,814.01M	50,488.84M	15,257.97M	10,265.89M	6,118.83M	4,305.96M	6,441.46M	4,642.21M	9,324.83M	8,790.07M	8,568.24M	7,018.49M
(-) Cash & Equivalents	112,202.65M	114,422.51M	135,372.24M	150,663.26M	126,505.35M	96,964.74M	104,296.69M	95,426.61M	120,816.68M	74,383.16M	40,439.51M	36,739.66M	27,365.97M	15,324.85M	19,952.71M	10,504.96M	3,964.98M	3,971.15M	2,204.65M	1,920.51M	1,394.41M	1,263.45M	1,014.94M	883.56M	1,116.30M	848.48M	0.00M	0.00M	0.00M
(+) Total Debt	249,568.84M	272,354.48M	324,629.77M	296,331.50M	255,941.95M	190,967.46M	191,037.72M	143,487.14M	124,571.28M	89,862.92M	75,646.84M	54,789.15M	44,866.72M	34,644.30M	35,153.81M	10,418.56M	10,828.21M	6,639.08M	4,196.52M	3,914.65M	2,925.67M	1,024.28M	1,339.56M	1,609.36M	2,348.56M	2,379.07M	1,783.14M	2,323.13M	1,329.24M
Enterprise Value	280,087.48M	323,528.06M	437,705.90M	343,225.73M	350,251.00M	419,401.89M	375,710.83M	317,309.17M	233,146.47M	267,160.56M	206,442.19M	188,257.16M	185,418.97M	140,599.63M	134,008.43M	140,152.45M	97,207.68M	105,481.94M	52,480.72M	17,252.11M	11,797.15M	5,879.66M	4,630.58M	7,167.25M	5,874.47M	10,855.43M	10,573.21M	10,891.37M	8,347.73M

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	1998-12-31	1997-12-31	1996-12-31
Revenue	387,058M	424,885M	185,154M	202,524M	180,322M	294,669M	185,790M	188,088M	170,634M	166,853M	161,635M	163,327M	95,954M	64,442M	52,000M	39,320M	37,765M	32,860M	16,635M	15,581M	10,940M	7,257M	9,188M	8,122M	6,784M	6,989M	6,598M	3,824M	5,799M	3,240M	3,543M
Cost of Revenue	313,264M	326,910M	152,389M	161,371M	162,345M	223,616M	146,336M	123,237M	104,855M	109,272M	113,074M	114,219M	64,578M	43,483M	32,091M	22,589M	22,617M	22,490M	8,945M	7,706M	7,658M	5,073M	7,081M	6,761M	5,576M	6,008M	5,375M	2,927M	0M	0M	0M
Gross Profit	73,795M	97,976M	32,765M	41,153M	17,977M	71,053M	39,453M	64,851M	65,779M	57,580M	48,562M	49,108M	31,376M	20,959M	19,909M	16,731M	15,147M	10,370M	7,690M	7,875M	3,282M	2,184M	2,108M	1,362M	1,209M	981M	1,223M	897M	5,799M	3,240M	3,543M
Gross Profit Margin	19.1%	23.1%	17.7%	20.3%	10.0%	24.1%	21.2%	34.5%	38.5%	34.5%	30.0%	30.1%	32.7%	32.5%	38.3%	42.6%	40.1%	31.6%	46.2%	50.5%	30.0%	30.1%	22.9%	16.8%	17.8%	14.0%	18.5%	23.5%	100.0%	100.0%	100.0%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	13,669M	6,905M	6,813M	6,876M	7,381M	6,969M	6,144M	5,376M	4,908M	4,845M	5,866M	3,528M	2,855M	2,201M	1,640M	1,535M	1,625M	1,168M	1,387M	1,076M	765M	657M	589M	407M	273M	276M	262M	265M	0M	0M	0M
Operating Expenses	7,527M	9,232M	6,071M	627M	3,511M	8,006M	6,613M	5,969M	5,588M	5,798M	6,551M	5,950M	1,593M	1,494M	1,051M	-2,198M	-1,976M	747M	-270M	1,222M	162M	-167M	483M	299M	1,013M	675M	804M	1,637M	-6,804M	868M	-3,198M
Operating Income (EBIT)	66,268M	88,744M	26,694M	40,525M	14,465M	63,047M	32,840M	58,882M	60,190M	51,782M	42,010M	43,158M	29,783M	19,464M	18,857M	18,929M	17,123M	9,623M	7,960M	6,653M	3,120M	2,352M	1,625M	1,062M	195M	306M	418M	-740M	12,604M	2,372M	6,741M
Operating Income Margin	17.1%	20.9%	14.4%	20.0%	8.0%	21.4%	17.7%	31.3%	35.3%	31.0%	26.0%	26.4%	31.0%	30.2%	36.3%	48.1%	45.3%	29.3%	47.9%	42.7%	28.5%	32.4%	17.7%	13.1%	2.9%	4.4%	6.3%	-19.4%	217.3%	73.2%	190.3%
Interest Income	3,022M	1,255M	1,599M	0M	0M	0M	0M	938M	1,802M	0M	2,256M	0M	0M	475M	282M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	935M	8,396M	935M	1,032M	1,057M	866M	884M	10,171M	9,356M	0M	8,821M	0M	0M	144M	178M	478M	0M	0M	368M	0M	362M	260M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	2,087M	-7,142M	664M	-1,032M	-1,057M	-866M	-884M	-9,234M	-7,553M	0M	-6,565M	0M	0M	331M	104M	-478M	0M	0M	-368M	0M	-362M	-260M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Unusual Items	-950M	-45,676M	-950M	1,627M	22,598M	9,461M	37,247M	20,184M	19,932M	11,637M	21,656M	8,210M	5,136M	6,217M	4,729M	783M	405M	990M	-33M	-134M	428M	40M	-161M	-121M	-73M	144M	-212M	-122M	-13,279M	-1,203M	-5,678M
EBT Excluding Unusual Items	68,355M	81,602M	27,358M	39,493M	13,409M	62,181M	31,957M	49,648M	52,637M	51,782M	35,446M	43,158M	29,783M	19,795M	18,961M	18,451M	17,123M	9,623M	7,593M	6,653M	2,757M	2,092M	1,625M	1,062M	195M	306M	418M	-740M	12,604M	2,372M	6,741M
Pre-Tax Income	67,405M	35,926M	26,408M	41,120M	36,007M	71,642M	69,204M	69,832M	72,568M	63,419M	57,102M	51,368M	34,918M	26,012M	23,691M	19,234M	17,528M	10,613M	7,559M	6,519M	3,185M	2,132M	1,464M	941M	122M	450M	207M	-862M	-676M	1,169M	1,063M
Pre-Tax Margin	17.4%	8.5%	14.3%	20.3%	20.0%	24.3%	37.2%	37.1%	42.5%	38.0%	35.3%	31.5%	36.4%	40.4%	45.6%	48.9%	46.4%	32.3%	45.4%	41.8%	29.1%	29.4%	15.9%	11.6%	1.8%	6.4%	3.1%	-22.5%	-11.7%	36.1%	30.0%
Income Tax Expense	22,694M	11,423M	8,621M	14,074M	12,959M	24,186M	21,495M	25,178M	25,866M	21,277M	18,711M	15,954M	12,364M	7,900M	8,527M	6,997M	6,731M	3,918M	3,093M	2,569M	867M	424M	236M	127M	95M	84M	152M	69M	186M	150M	128M
Net Income	41,171M	41,254M	15,636M	25,610M	23,265M	40,155M	43,904M	41,618M	39,434M	34,065M	33,148M	27,895M	22,134M	18,007M	15,075M	12,160M	10,545M	6,576M	4,445M	3,951M	2,377M	1,598M	1,145M	735M	65M	437M	284M	-502M	-515M	1,017M	924M
Net Income Margin	10.6%	9.7%	8.4%	12.6%	12.9%	13.6%	23.6%	22.1%	23.1%	20.4%	20.5%	17.1%	23.1%	27.9%	29.0%	30.9%	27.9%	20.0%	26.7%	25.4%	21.7%	22.0%	12.5%	9.0%	1.0%	6.2%	4.3%	-13.1%	-8.9%	31.4%	26.1%
Depreciation & Amortization	865M	93,441M	460M	405M	667M	408M	417M	268M	202M	192M	347M	317M	92M	85M	42M	35M	46M	36M	65M	123M	149M	135M	177M	116M	110M	0M	0M	0M	-796M	-868M	-951M
EBITDA	67,132M	182,185M	27,154M	40,931M	15,132M	63,455M	33,257M	59,150M	60,392M	51,975M	42,357M	43,475M	29,875M	19,550M	18,900M	18,964M	17,170M	9,658M	8,025M	6,775M	3,269M	2,486M	1,802M	1,178M	306M	306M	418M	-740M	11,808M	1,504M	5,790M
EBITDA Margin	17.3%	42.9%	14.7%	20.2%	8.4%	21.5%	17.9%	31.4%	35.4%	31.1%	26.2%	26.6%	31.1%	30.3%	36.3%	48.2%	45.5%	29.4%	48.2%	43.5%	29.9%	34.3%	19.6%	14.5%	4.5%	4.4%	6.3%	-19.4%	203.6%	46.4%	163.4%
NOPAT	43,956M	60,528M	17,980M	26,655M	9,259M	41,763M	22,640M	37,652M	38,736M	34,409M	28,244M	29,754M	19,237M	13,553M	12,070M	12,043M	10,548M	6,070M	4,703M	4,032M	2,271M	1,884M	1,363M	919M	43M	248M	111M	-585M	9,957M	2,067M	5,929M
NOPAT Margin	11.4%	14.2%	9.7%	13.2%	5.1%	14.2%	12.2%	20.0%	22.7%	20.6%	17.5%	18.2%	20.0%	21.0%	23.2%	30.6%	27.9%	18.5%	28.3%	25.9%	20.8%	26.0%	14.8%	11.3%	0.6%	3.6%	1.7%	-15.3%	171.7%	63.8%	167.4%
Owner's Earnings	41,633M	132,755M	15,897M	25,810M	23,197M	40,291M	43,969M	41,745M	39,499M	34,194M	32,600M	27,956M	22,142M	17,715M	15,023M	12,051M	9,137M	6,590M	3,241M	3,671M	2,031M	1,466M	767M	726M	40M	382M	157M	-616M	-1,404M	91M	-64M
Owner's Earnings Margin	10.8%	31.2%	8.6%	12.7%	12.9%	13.7%	23.7%	22.2%	23.1%	20.5%	20.2%	17.1%	23.1%	27.5%	28.9%	30.6%	24.2%	20.1%	19.5%	23.6%	18.6%	20.2%	8.3%	8.9%	0.6%	5.5%	2.4%	-16.1%	-24.2%	2.8%	-1.8%
EPS (Basic)	3.76	3.77	1.43	2.34	2.41	4.42	4.01	4.31	3.60	3.72	3.64	3.75	2.66	2.20	1.84	1.53	1.29	0.81	0.57	0.53	0.35	0.25	0.18	0.13	0.01	0.08	0.05	-0.09	-0.10	0.20	0.22
EPS (Diluted)	3.76	3.76	1.43	2.34	2.13	3.67	3.99	3.80	3.60	3.11	3.25	3.02	2.71	2.20	1.84	1.49	1.29	0.81	0.56	0.53	0.35	0.24	0.18	0.13	0.01	0.08	0.05	-0.09	-0.10	0.20	0.22
Shares (Basic)	10,945M	10,945M	10,945M	10,945M	10,945M	10,945M	10,956M	10,956M	10,956M	10,956M	10,184M	9,228M	8,174M	8,173M	8,173M	8,173M	8,171M	8,153M	7,870M	7,344M	6,754M	6,479M	6,357M	5,486M	5,483M	5,520M	5,500M	5,485M	5,171M	5,040M	4,129M
Shares (Diluted)	10,945M	10,959M	10,945M	10,945M	10,945M	10,945M	11,014M	10,956M	10,956M	10,956M	10,184M	9,228M	8,175M	8,175M	8,175M	8,175M	8,175M	8,162M	7,891M	7,455M	6,851M	6,560M	6,447M	5,530M	5,555M	5,586M	5,567M	5,485M	5,171M	5,121M	4,129M

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	1998-12-31	1997-12-31	1996-12-31
Cash & Cash Equivalents	108,956.52M	124,168.23M	124,168.23M	105,629.03M	123,845.06M	160,194.21M	130,976.38M	106,767.21M	100,555.36M	104,050.62M	157,161.73M	122,800.96M	40,953.85M	32,359.01M	32,916.63M	15,522.41M	27,291.22M	21,009.92M	7,929.95M	7,942.31M	4,409.29M	3,841.03M	2,788.82M	2,526.90M	2,029.88M	1,767.13M	2,232.60M	1,696.96M	0.00M	0.00M	0.00M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,814.28M	0.00M	0.00M	0.00M	0.00M	0.00M	14,029.81M	8.37M	68.70M	366.63M	11.96M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	108,956.52M	124,168.23M	124,168.23M	105,629.03M	123,845.06M	160,194.21M	130,976.38M	106,767.21M	100,555.36M	104,050.62M	157,161.73M	124,615.24M	40,953.85M	32,359.01M	32,916.63M	15,522.41M	27,291.22M	35,039.73M	7,938.32M	8,011.01M	4,775.92M	3,852.99M	2,788.82M	2,526.90M	2,029.88M	1,767.13M	2,232.60M	1,696.96M	0.00M	0.00M	0.00M
Net Receivables	20,561.72M	15,368.42M	15,368.42M	22,414.31M	25,936.60M	30,437.51M	30,635.57M	25,197.97M	25,814.62M	16,923.30M	59,876.68M	24,961.82M	0.00M	1,947.64M	0.00M	78,886.78M	3,113.62M	0.00M	0.00M	3,130.62M	0.00M	13.29M	0.00M	1,858.81M	1,717.48M	1,411.48M	0.00M	797.72M	0.00M	0.00M	0.00M
Inventory	466,504.89M	460,235.48M	460,235.48M	496,245.73M	500,282.30M	463,009.06M	471,490.56M	409,028.53M	411,627.89M	359,930.35M	269,409.75M	302,332.13M	157,088.26M	128,455.98M	90,001.34M	24.83M	71,984.15M	44,419.32M	47,531.22M	37,376.03M	22,579.57M	14,205.00M	8,839.87M	5,920.77M	4,747.38M	4,460.28M	5,919.37M	6,912.07M	0.00M	0.00M	0.00M
Other Current Assets	0.00M	2,545.23M	2,545.23M	0.00M	-13,538.95M	-29,238.02M	-20,507.47M	-11,319.64M	25,828.07M	16,936.90M	27,350.80M	25,740.74M	0.00M	23,835.26M	0.00M	2,331.99M	604.30M	0.00M	5,246.25M	510.97M	2,411.13M	2,003.55M	301.65M	2,425.23M	1,978.87M	1,812.65M	1,566.14M	944.75M	6,380.30M	4,636.44M	4,149.51M
Total Current Assets	596,023.13M	602,317.35M	602,317.35M	624,289.07M	636,525.02M	624,402.77M	612,595.04M	529,674.07M	563,825.93M	497,841.17M	513,798.97M	477,649.93M	198,042.11M	186,597.90M	122,917.98M	96,766.02M	102,993.29M	79,459.06M	60,715.79M	49,028.63M	29,766.62M	20,074.82M	11,930.33M	12,731.72M	10,473.61M	9,451.53M	9,718.11M	10,351.50M	6,380.30M	4,636.44M	4,149.51M
Property, Plant & Equipment	7,151.19M	6,894.19M	6,894.19M	6,482.88M	7,955.22M	6,757.90M	5,941.01M	4,496.10M	3,666.27M	3,897.60M	3,886.51M	4,128.13M	1,083.37M	1,071.46M	785.76M	273.26M	272.19M	218.79M	242.60M	3,618.01M	1,508.39M	1,263.30M	4,590.52M	3,991.97M	3,799.35M	3,988.28M	4,060.48M	4,252.58M	2,299.49M	2,841.65M	3,089.80M
Goodwill	56.40M	56.40M	56.40M	56.40M	63.32M	68.99M	66.86M	63.08M	64.53M	64.53M	64.53M	64.53M	87.18M	85.19M	87.78M	88.23M	92.91M	95.99M	95.99M	102.13M	64.70M	67.17M	-118.62M	-127.26M	-27.66M	-30.73M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	0.00M	406.54M	406.54M	420.91M	63.32M	68.99M	66.86M	63.08M	64.53M	64.53M	64.53M	64.53M	118.00M	122.19M	130.44M	0.00M	33.98M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	0.00M	0.00M	0.00M	51,178.66M	48,983.42M	49,775.98M	39,498.29M	40,612.19M	138,257.27M	118,154.86M	83,302.96M	85,877.65M	0.00M	15,949.40M	17,210.85M	0.00M	29,869.49M	-11,591.23M	1,851.46M	2,499.14M	1,839.89M	2,860.53M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Assets	7,068.03M	7,324.89M	7,324.89M	7,513.45M	8,487.10M	9,917.77M	9,121.92M	8,193.43M	5,888.84M	4,902.48M	3,767.91M	3,622.19M	2,269.90M	1,779.33M	1,669.69M	1,493.15M	1,014.61M	572.99M	427.12M	68.70M	0.00M	1,855.83M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	4.64M	4.46M	3.84M
Other Non-Current Assets	255,916.31M	254,768.41M	254,768.41M	203,299.89M	183,302.08M	154,360.28M	132,709.25M	109,836.34M	-8,906.07M	-7,078.88M	-4,791.05M	-22,005.03M	49,950.09M	24,209.56M	20,018.59M	36,986.07M	-302.15M	29,068.61M	9,442.94M	2,793.62M	2,767.16M	51.42M	7,527.96M	2,922.99M	2,835.79M	2,916.61M	2,022.29M	1,884.84M	5,134.46M	9,293.40M	3,207.84M
Other Assets	0.00M	0.00M	0.00M	0.00M	112,092.59M	194,220.27M	152,903.95M	85,850.71M	88,306.02M	106,099.98M	59,754.89M	224,488.76M	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	0.00M	0.00M	0.00M
Total Non-Current Assets	270,191.92M	269,450.43M	269,450.43M	268,952.19M	360,947.05M	415,170.16M	340,308.14M	249,114.94M	227,341.38M	226,105.09M	146,050.27M	296,240.75M	53,508.53M	43,217.14M	39,903.11M	38,840.71M	30,981.02M	18,365.14M	12,060.12M	9,081.61M	6,180.14M	6,098.25M	11,999.86M	6,787.70M	6,607.48M	6,874.16M	6,082.77M	6,137.42M	7,438.59M	12,139.51M	6,301.48M
Total Assets	866,215.05M	871,767.78M	871,767.78M	893,241.26M	997,472.07M	1,039,572.93M	952,903.18M	778,789.01M	791,167.31M	723,946.25M	659,849.24M	773,890.68M	251,550.64M	229,815.04M	162,821.09M	135,606.73M	133,974.31M	97,824.20M	72,775.91M	58,110.24M	35,946.76M	26,173.07M	23,930.19M	19,519.42M	17,081.08M	16,325.69M	15,800.88M	16,488.91M	13,818.89M	16,775.95M	10,450.99M
Accounts Payable	43,554.58M	47,942.78M	47,942.78M	74,977.97M	69,169.99M	78,568.02M	72,865.43M	55,493.54M	46,305.31M	2,271.81M	35,739.62M	29,700.17M	26,301.77M	12,877.71M	11,789.88M	11,429.93M	12,019.30M	0.00M	0.00M	8,171.71M	6,153.85M	2,985.64M	3,211.51M	3,095.11M	2,182.47M	1,755.67M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt	17,398.87M	28,589.96M	28,589.96M	40,968.28M	39,357.39M	44,620.42M	43,804.98M	32,078.27M	41,607.53M	34,076.54M	42,718.86M	32,455.76M	18,025.34M	2,580.78M	4,465.25M	7,947.83M	8,704.72M	6,131.59M	3,474.49M	2,702.65M	0.00M	2,000.40M	1,923.83M	0.00M	323.05M	2,987.16M	3,043.02M	3,597.54M	0.00M	0.00M	0.00M
Tax Payables	21,608.28M	23,862.99M	23,862.99M	30,867.02M	31,952.82M	39,172.64M	38,123.77M	38,671.78M	30,634.20M	24,852.31M	19,598.76M	15,463.27M	16,327.06M	12,781.49M	12,092.09M	10,262.35M	9,333.57M	0.00M	0.00M	36.61M	828.28M	355.45M	308.92M	307.72M	230.91M	198.18M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	120,892.05M	122,883.38M	143,606.99M	0.00M	104,051.98M	11,121.91M	11,515.83M	11,339.11M	0.00M	-28,540.88M	-21,636.50M	17,106.85M	0.00M	0.00M	0.00M	36.61M	0.00M	516.52M	308.92M	0.00M	230.91M	198.18M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	132,440.98M	132,542.75M	132,542.75M	108,619.04M	-13,216.12M	-22,428.19M	-22,485.10M	97,939.17M	66,670.96M	91,654.42M	94,641.76M	80,935.21M	84,023.27M	71,221.28M	33,272.84M	20,405.12M	20,441.89M	14,230.90M	15,254.53M	11,227.77M	5,222.06M	2,375.28M	1,879.21M	2,613.46M	2,269.84M	514.30M	732.06M	713.61M	-878.00M	0.00M	0.00M
Total Current Liabilities	215,002.70M	232,938.48M	232,938.48M	255,432.32M	248,156.13M	262,816.26M	275,916.07M	224,182.76M	289,269.97M	163,976.99M	204,214.83M	169,893.52M	144,677.45M	70,920.38M	39,983.56M	67,152.09M	50,499.48M	20,362.49M	18,729.02M	22,175.36M	12,204.19M	8,233.29M	7,632.39M	6,016.29M	5,237.17M	5,653.49M	3,775.08M	4,311.15M	-878.00M	0.00M	0.00M
Long-Term Debt	210,049.94M	212,974.01M	212,974.01M	216,695.85M	231,027.86M	197,301.87M	169,175.47M	157,886.16M	166,966.40M	151,518.40M	134,314.93M	172,544.90M	57,566.48M	54,227.17M	42,870.94M	26,548.75M	29,251.67M	16,994.69M	18,181.92M	12,754.91M	6,063.33M	5,828.90M	3,927.51M	2,127.25M	1,470.01M	231.55M	1,654.09M	1,160.61M	0.00M	4,646.26M	2,658.48M
Capital Lease Obligations	963.57M	983.21M	983.21M	1,054.66M	1,150.40M	454.35M	508.40M	152.43M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	27,804.79M	27,733.30M	27,733.30M	27,335.58M	26,952.35M	21,226.46M	20,199.21M	18,106.54M	15,540.65M	13,704.35M	9,857.26M	8,810.32M	4,389.77M	3,567.72M	2,440.86M	2,915.90M	5,628.77M	1,752.40M	1,105.80M	443.84M	412.30M	289.40M	212.18M	195.48M	1.46M	0.53M	0.35M	1.92M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,542.38M	2,293.68M	-20,180.95M	13,800.39M	9,946.52M	8,964.65M	591.08M	20,317.07M	1,624.76M	854.02M	1,686.75M	722.24M	749.29M	945.62M	3,112.84M	953.46M	729.29M	700.35M	552.70M	724.97M	495.91M	730.17M	3,570.91M	4.46M	3.84M
Total Non-Current Liabilities	238,818.30M	241,690.52M	241,690.52M	245,086.10M	259,130.61M	218,982.69M	191,425.45M	178,438.79M	162,326.10M	179,023.14M	154,118.70M	190,319.87M	62,547.34M	78,111.97M	46,936.55M	30,318.67M	36,567.19M	19,469.33M	20,037.02M	14,144.37M	9,588.47M	7,071.77M	4,868.97M	3,023.09M	2,024.18M	957.05M	2,150.35M	1,892.70M	3,570.91M	4,650.72M	2,662.32M
Total Liabilities	453,821.01M	474,629.00M	474,629.00M	500,518.41M	507,286.74M	481,798.95M	467,341.52M	402,621.55M	451,596.07M	343,000.12M	358,333.53M	360,213.39M	207,224.79M	149,032.34M	86,920.11M	97,470.76M	87,066.67M	39,831.82M	38,766.04M	36,319.73M	21,792.66M	15,305.06M	12,501.36M	9,039.38M	7,261.35M	6,610.54M	5,925.43M	6,203.85M	2,692.91M	4,650.72M	2,662.32M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	13,333.53M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	74,035.44M	74,035.44M	74,035.44M	74,035.44M	83,122.54M	90,562.79M	87,777.24M	82,813.67M	90,420.44M	90,420.44M	90,420.44M	62,434.12M	15,700.16M	638.61M	658.05M	661.43M	696.48M	719.24M	691.26M	0.00M	702.50M	665.99M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Retained Earnings	314,064.46M	308,609.01M	308,609.01M	299,982.21M	316,595.57M	315,590.75M	271,590.28M	218,410.71M	197,539.55M	167,732.00M	137,388.32M	140,582.58M	100,602.12M	79,800.78M	59,683.24M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-14,248.88M	-1,729.64M	14,111.82M	0.00M	12,657.62M	-4,478.92M	7,541.85M	-5,560.32M	6,547.59M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	31,125.62M	21,219.02M	21,219.02M	19,893.88M	20,903.30M	16,570.58M	16,839.40M	9,553.85M	10,125.17M	7,849.14M	5,174.92M	6,015.25M	2,778.04M	843.77M	251.88M	220.96M	2,733.30M	-249.56M	-295.32M	460.85M	-561.55M	-314.76M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,135.83M	1,615.86M	622.62M
Total Shareholders’ Equity	388,099.90M	382,644.46M	382,644.46M	359,768.77M	397,988.46M	420,265.35M	372,701.06M	313,882.00M	283,481.07M	265,694.29M	222,248.44M	209,564.28M	116,302.28M	80,439.40M	60,341.28M	661.43M	696.48M	719.24M	691.26M	0.00M	702.50M	665.99M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Equity	419,225.53M	403,863.48M	403,863.48M	379,662.65M	418,891.76M	436,835.93M	389,540.46M	323,435.85M	293,606.24M	273,543.43M	227,423.36M	215,579.53M	119,080.32M	81,283.17M	60,593.16M	882.38M	3,429.78M	469.69M	395.94M	460.85M	140.95M	351.23M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,135.83M	1,615.86M	622.62M
Total Liabilities & Equity	873,046.53M	878,492.47M	878,492.47M	880,181.06M	926,178.50M	918,634.88M	856,881.98M	726,057.40M	745,202.31M	616,543.55M	585,756.89M	575,792.92M	326,305.11M	230,315.51M	147,513.27M	98,353.15M	90,496.45M	40,301.51M	39,161.99M	36,780.57M	21,933.61M	15,656.29M	12,501.36M	9,039.38M	7,261.35M	6,610.54M	5,925.43M	6,203.85M	3,828.74M	6,266.57M	3,284.94M
Tangible Assets	866,158.66M	871,304.84M	871,304.84M	892,763.95M	997,345.43M	1,039,434.95M	952,769.45M	778,662.84M	791,038.26M	723,817.20M	659,720.19M	773,761.63M	251,345.46M	229,607.66M	162,602.87M	135,518.49M	133,847.42M	97,728.21M	72,679.92M	58,008.11M	35,882.06M	26,105.90M	24,048.81M	19,646.68M	17,108.74M	16,356.42M	15,800.88M	16,488.91M	13,818.89M	16,775.95M	10,450.99M
Tangible Equity	419,169.13M	403,400.54M	403,400.54M	379,185.34M	418,765.13M	436,697.96M	389,406.73M	323,309.68M	293,477.19M	273,414.38M	227,294.31M	215,450.48M	118,875.14M	81,075.79M	60,374.94M	794.15M	3,302.89M	373.70M	299.95M	358.72M	76.25M	284.07M	118.62M	127.26M	27.66M	30.73M	0.00M	0.00M	1,135.83M	1,615.86M	622.62M
Tangible Book Value	419,169.13M	403,400.54M	403,400.54M	379,185.34M	418,765.13M	436,697.96M	389,406.73M	323,309.68M	293,477.19M	273,414.38M	227,294.31M	215,450.48M	118,875.14M	81,075.79M	60,374.94M	794.15M	3,302.89M	373.70M	299.95M	358.72M	76.25M	284.07M	118.62M	127.26M	27.66M	30.73M	0.00M	0.00M	1,135.83M	1,615.86M	622.62M
Total Investments	45,445.79M	0.00M	0.00M	51,178.66M	48,983.42M	49,775.98M	39,498.29M	40,612.19M	138,257.27M	118,154.86M	83,302.96M	87,691.93M	0.00M	15,949.40M	17,210.85M	0.00M	29,869.49M	2,438.58M	1,859.83M	2,567.85M	2,206.52M	2,872.49M	3,157.09M	1,607.91M	940.23M	1,119.43M	1,163.26M	972.22M	4,497.01M	5,131.15M	2,410.25M
Net Debt	118,492.29M	117,395.75M	117,395.75M	152,035.10M	146,540.19M	81,728.09M	82,004.06M	83,197.21M	108,018.57M	81,544.33M	19,872.05M	82,199.69M	34,637.97M	24,448.94M	14,419.55M	18,974.17M	10,665.17M	2,116.36M	13,726.46M	7,515.25M	1,654.04M	3,988.27M	3,062.52M	-399.65M	-236.82M	1,451.59M	2,464.52M	3,061.19M	0.00M	4,646.26M	2,658.48M

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	1998-12-31	1997-12-31	1996-12-31
Working Capital	386,255.5M	373,952.3M	373,952.3M	368,951.4M	383,248.2M	355,056.2M	332,291.0M	302,383.3M	279,194.0M	246,711.3M	246,512.5M	190,803.2M	118,435.8M	101,807.8M	77,533.7M	48,604.2M	54,965.9M	37,915.4M	36,931.7M	29,222.8M	18,337.9M	12,195.1M	3,983.1M	4,856.6M	3,749.9M	2,584.7M	4,478.7M	4,157.5M	6,818.0M	4,636.4M	4,149.5M
Total Capital	615,031.6M	623,158.2M	623,158.2M	631,736.6M	715,031.3M	728,754.1M	586,137.0M	504,054.7M	492,055.0M	451,289.2M	399,282.2M	414,564.9M	182,210.7M	142,739.7M	117,584.6M	91,401.8M	84,602.8M	57,897.9M	50,906.6M	37,899.1M	23,884.2M	19,365.6M	16,965.3M	10,669.8M	10,857.3M	11,720.6M	13,108.2M	13,160.4M	13,116.1M	15,155.6M	9,824.5M
Capital Employed	656,447.4M	643,402.8M	643,402.8M	637,903.6M	744,195.3M	770,226.4M	672,599.1M	551,498.3M	506,535.4M	472,816.4M	392,562.7M	487,043.9M	171,944.3M	145,024.9M	117,436.8M	87,444.9M	85,946.9M	56,280.6M	48,991.9M	38,304.4M	24,518.1M	18,293.3M	15,982.9M	11,644.3M	10,357.3M	9,458.9M	10,561.4M	10,294.9M	14,256.6M	16,776.0M	10,451.0M
Invested Capital	506,075.1M	498,989.9M	498,989.9M	526,107.6M	591,186.2M	568,559.9M	455,160.7M	397,287.5M	391,499.6M	347,238.6M	242,120.5M	291,764.0M	141,256.9M	110,380.7M	84,667.9M	75,879.4M	57,311.6M	36,888.0M	42,976.6M	29,956.8M	19,474.9M	15,524.6M	14,176.5M	8,142.9M	8,827.4M	9,953.4M	10,875.6M	11,463.4M	13,116.1M	15,155.6M	9,824.5M

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	1998-12-31	1997-12-31	1996-12-31
Net Income	51,942.83M	63,099.92M	26,407.91M	28,174.29M	26,329.51M	48,395.68M	49,334.58M	47,191.69M	44,900.30M	40,766.84M	37,020.64M	34,643.21M	34,918.18M	26,012.00M	23,690.57M	19,233.93M	17,527.92M	10,612.72M	7,559.39M	0.00M	3,119.77M	2,351.52M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Depreciation & Amortization	863.51M	1,070.23M	459.53M	405.10M	755.11M	491.65M	416.72M	267.89M	201.91M	192.45M	346.71M	317.20M	92.32M	85.49M	42.28M	35.29M	46.23M	35.65M	64.84M	122.57M	148.99M	134.77M	177.11M	116.04M	110.42M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	-13,459.28M	-35,107.18M	-23,724.94M	-38,491.32M	-73,478.34M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-2,094.45M	-2,096.17M	0.00M	-858.36M	-952.78M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	-128.04M	0.00M	0.00M	-128.84M	116.01M	20.96M	220.05M	116.19M	5.77M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.18M	0.64M	0.00M	0.13M	6.42M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	51,708.38M	-15,395.28M	36,304.87M	15,525.74M	-22,933.06M	-12,359.97M	-23,208.83M	-29,113.72M	-52,966.10M	-77,569.05M	35,086.98M	19,617.59M	-24,232.96M	-19,304.83M	-6,397.83M	-17,540.69M	-12,791.17M	571.38M	-6,390.34M	7.63M	-4,529.03M	-3,213.36M	-22.76M	-0.94M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Receivable	935.23M	5,417.86M	1,013.55M	-71.03M	1,111.99M	5,921.90M	-4,551.35M	-2,826.08M	0.00M	0.00M	0.00M	0.00M	0.00M	-570.29M	-2,729.55M	0.00M	0.00M	0.00M	0.00M	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	59,246.22M	-5,216.91M	43,873.02M	16,946.88M	-7,623.19M	2,612.71M	-72,708.94M	-50,557.46M	-45,338.64M	-67,473.87M	18,897.30M	27,055.23M	-10,272.25M	-17,926.94M	-6,557.60M	-21.98M	-11,969.37M	4,192.28M	-10,526.09M	7.63M	-3.71M	5.40M	-22.76M	-0.94M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Payable	447.39M	-33,733.42M	0.00M	86.61M	-20,711.33M	-20,894.58M	43,007.51M	30,414.42M	7,367.35M	-5,613.80M	17,450.87M	-4,038.27M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	-7,643.41M	1,560.36M	-8,581.70M	-1,436.72M	1,717.95M	0.00M	11,043.95M	-6,144.61M	-14,994.80M	-4,481.39M	-1,261.19M	-3,399.37M	-13,960.71M	-807.61M	2,889.31M	-17,518.71M	-821.80M	-3,620.90M	4,135.75M	0.00M	-4,525.32M	-3,218.76M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Cash Items	-22,861.01M	-34,097.21M	-16,718.37M	-8,825.79M	-14,541.12M	-619.36M	19,744.33M	9,850.51M	31,584.45M	-8,406.70M	-17,861.09M	-18,857.61M	-14,426.62M	-14,674.30M	-11,658.47M	-8,201.25M	-6,956.95M	-3,419.39M	-3,746.18M	-6,126.06M	-1,017.76M	-1,005.24M	1,082.10M	2,400.17M	2,321.28M	2,266.90M	891.49M	0.00M	1,664.44M	0.00M	608.79M
Net Cash from Operating Activities	81,653.71M	3,353.78M	46,453.94M	35,279.34M	-10,518.41M	22,564.74M	11,200.59M	4,691.48M	-14,654.56M	-45,010.70M	54,593.23M	35,720.39M	-3,649.08M	-7,881.64M	5,676.54M	-6,472.73M	-2,173.98M	7,800.54M	-2,511.64M	-5,995.86M	-2,277.90M	-1,725.89M	1,236.45M	2,515.27M	2,431.70M	2,266.90M	891.49M	59.35M	1,664.44M	-545.75M	608.79M
Capital Expenditures (PPE)	-402.07M	1,940.01M	-198.04M	-225.31M	-734.71M	-272.53M	-351.33M	-141.39M	-136.45M	-63.13M	-895.17M	-256.25M	-84.62M	-376.68M	-94.08M	-145.04M	-1,454.33M	-21.21M	-1,269.05M	-401.95M	-494.88M	-266.41M	-555.93M	-124.60M	-135.11M	-54.57M	-127.46M	-114.11M	-92.97M	-58.76M	-36.39M
Acquisitions (Net)	-215.49M	-10,116.84M	1,598.57M	366.79M	-6,071.94M	-1,526.28M	1,101.87M	439.66M	2,556.89M	1,504.45M	4,947.57M	-865.34M	-98.02M	-667.68M	-7.20M	-1,774.36M	-3,113.94M	-1,943.27M	-3,595.06M	-401.77M	-345.39M	585.65M	0.00M	0.00M	0.00M	0.00M	-51.99M	-0.50M	0.00M	0.00M	0.00M
Purchases of Investments	-11,131.82M	-32,456.12M	0.00M	0.00M	-97.95M	-23,134.04M	-14,236.09M	-18,221.35M	-19,317.06M	-19,039.83M	-3,975.38M	-12,522.29M	-5,246.91M	-4,094.50M	-1,586.56M	0.00M	0.00M	0.00M	0.00M	0.00M	67.98M	-9.76M	-12.33M	-81.34M	-16.71M	-26.17M	0.00M	0.00M	0.00M	-1.91M	-0.40M
Sales / Maturities of Investments	6,391.37M	13,373.07M	0.00M	0.00M	10,890.97M	5,219.58M	7,985.84M	10,753.74M	9,329.05M	11,303.72M	10,419.94M	7,567.80M	3,503.94M	4,323.00M	2,927.63M	0.00M	0.00M	0.00M	0.00M	0.00M	67.33M	138.92M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.98M
Other Investing Activities	-1,114.69M	-4,994.05M	441.30M	-4,912.83M	-12,126.20M	5,247.87M	1,456.18M	375.83M	-758.64M	275.74M	9.17M	35.97M	3,504.50M	4,309.91M	2,900.15M	-2,494.04M	386.83M	550.68M	200.65M	-1,307.20M	66.77M	282.65M	-3,654.84M	-1,569.87M	-611.80M	-1,043.23M	-297.45M	417.07M	-426.02M	-5,720.35M	-900.90M
Net Cash from Investing Activities	-2,912.31M	-25,186.85M	1,841.84M	-4,771.36M	-8,139.82M	-14,465.39M	-4,043.53M	-6,793.51M	-8,326.21M	-6,019.06M	10,506.13M	-6,040.11M	-1,925.04M	-828.94M	1,212.31M	-4,413.44M	-4,181.44M	-1,413.81M	-4,663.46M	-2,110.91M	-706.17M	731.05M	-4,223.10M	-1,775.81M	-763.62M	-1,123.98M	-476.90M	302.46M	-518.99M	-5,781.03M	-936.71M
Net Debt Issuance	-36,563.90M	63,202.53M	-17,550.97M	-17,218.10M	20,191.35M	32,627.35M	26,760.50M	19,308.77M	23,106.08M	-3,771.87M	-15,022.66M	28,319.08M	17,888.48M	10,655.21M	13,003.16M	611.16M	8,028.12M	-963.87M	7,204.14M	0.00M	1,308.87M	2,608.08M	0.00M	17.10M	2,901.32M	0.00M	-52.35M	407.38M	-1,315.34M	3,670.45M	15.54M
Long-Term Debt Issuance	-36,563.90M	63,202.53M	-17,550.97M	-15,582.02M	17,363.25M	32,627.35M	26,760.50M	19,308.77M	19,405.95M	-4,513.93M	-15,022.66M	28,319.08M	17,888.48M	10,655.21M	13,003.16M	611.16M	16,260.00M	-680.40M	7,204.14M	0.00M	1,308.87M	2,714.85M	0.00M	17.10M	2,901.32M	0.00M	-52.35M	407.38M	-1,315.34M	3,670.45M	15.54M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	-1,636.08M	2,828.10M	0.00M	0.00M	0.00M	3,700.14M	742.06M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-8,231.88M	-283.47M	0.00M	0.00M	0.00M	-106.76M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	-129.58M	0.00M	0.00M	1.46M	-108.41M	-51.52M	0.00M	0.00M	0.00M	0.00M	1,861.80M	0.00M	0.09M	0.00M	0.00M	3.33M	1,119.74M	1,053.69M	0.00M	2,351.92M	-7.87M	0.00M	34.85M	3.82M	0.00M	5.27M	1.00M	405.12M	1,600.91M	818.68M
Common Stock Issuance	0.00M	-310.31M	0.00M	0.00M	1.46M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	35,839.92M	3,406.68M	0.09M	0.00M	0.00M	3.33M	1,119.74M	1,053.69M	5,767.04M	2,351.92M	85.85M	1,681.46M	34.85M	3.82M	21.37M	5.27M	1.00M	405.12M	1,600.91M	818.68M
Common Stock Repurchased	0.00M	-107.07M	0.00M	0.00M	0.00M	-108.41M	-51.52M	0.00M	0.00M	0.00M	0.00M	-33,978.13M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	9,819.61M	0.00M	-93.72M	3,461.28M	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	0.00M	0.00M	0.00M
Net Dividends Paid	-14,899.76M	-21,318.33M	-7,498.12M	-7,565.65M	-10,878.86M	-10,732.16M	-9,966.29M	-9,065.71M	-8,179.00M	-7,049.41M	-7,053.55M	-5,663.23M	-3,202.76M	-2,682.18M	-2,434.77M	-1,984.28M	-1,601.84M	-1,146.47M	-893.53M	-808.11M	-537.57M	-464.90M	-339.36M	-173.13M	-240.32M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Dividends Paid	-15,821.36M	-25,478.61M	-7,498.12M	-7,565.65M	-10,878.86M	-10,732.16M	-9,966.29M	-9,065.71M	-7,822.73M	-7,049.41M	-7,053.55M	-5,663.23M	-4,616.47M	-2,682.18M	-2,434.77M	-2,451.76M	-1,879.60M	-1,143.30M	-893.53M	-808.11M	-536.12M	-464.90M	-339.36M	-173.13M	-240.32M	-231.38M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Dividends Paid	149.79M	282.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1,490.04M	-1,386.86M	0.00M	0.00M	-1,156.71M	-750.32M	-589.06M	0.00M	0.00M	0.00M	0.00M	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	-15,307.69M	-9,424.99M	-4,748.34M	-10,234.53M	-11,386.47M	-7,361.16M	-8,707.49M	312.26M	10,043.61M	2,227.27M	-6,929.87M	1,697.37M	3,826.66M	3,935.51M	891.52M	2,014.95M	6,283.65M	8,047.52M	-87.78M	14,109.40M	216.56M	-545.33M	3,737.56M	-256.94M	-3,838.90M	231.38M	160.91M	-95.75M	1.75M	969.77M	-172.84M
Net Cash from Financing Activities	-64,730.42M	21,939.17M	-29,797.43M	-35,018.29M	-2,072.53M	14,425.61M	8,035.19M	10,555.32M	23,836.92M	-9,980.87M	-22,232.86M	26,215.01M	13,131.09M	8,719.18M	10,870.85M	-960.45M	12,435.50M	7,060.09M	7,276.53M	11,906.79M	3,341.23M	1,553.96M	3,400.10M	-378.12M	-1,174.08M	-1,665.33M	113.82M	312.63M	-908.47M	6,241.13M	661.38M
Effect of FX on Cash	194.95M	577.41M	49.85M	145.31M	578.37M	-327.68M	-422.69M	107.24M	-3,618.69M	6,462.73M	-7,453.19M	-3,310.58M	-70.42M	769.82M	-14.76M	732.53M	560.91M	4.86M	441.49M	225.96M	106.76M	18.92M	0.00M	0.00M	13.85M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	117,046.38M	-7,584.32M	18,548.19M	-4,365.00M	-20,152.38M	22,197.28M	14,769.57M	6,211.86M	-3,495.26M	-53,111.12M	34,360.77M	73,997.68M	7,486.54M	778.41M	17,744.95M	-11,114.10M	6,640.98M	13,451.68M	542.92M	4,025.98M	463.92M	578.04M	413.45M	361.34M	507.84M	-522.42M	528.41M	674.45M	236.99M	-85.65M	334.31M
Cash at Beginning of Period	325,973.62M	489,859.69M	105,344.02M	109,709.02M	160,194.21M	130,976.38M	106,767.21M	100,555.36M	104,050.62M	157,161.73M	122,800.96M	48,803.28M	32,685.91M	31,162.19M	14,365.84M	25,553.71M	20,267.15M	7,486.69M	6,944.23M	3,362.21M	3,134.82M	2,676.33M	2,325.76M	1,966.23M	1,449.21M	2,152.08M	1,621.23M	953.70M	720.33M	805.94M	474.88M
Cash at End of Period	443,020.00M	482,275.36M	123,892.21M	105,344.02M	123,845.06M	160,194.21M	130,976.38M	106,767.21M	100,555.36M	104,050.62M	157,161.73M	122,800.96M	40,172.45M	31,940.60M	32,110.78M	14,439.61M	26,908.14M	20,938.37M	7,487.15M	7,388.19M	3,598.74M	3,254.36M	2,739.22M	2,327.57M	1,957.05M	1,629.67M	2,149.64M	1,628.15M	957.32M	720.29M	809.19M
Operating Cash Flow	81,653.71M	3,353.78M	46,453.94M	35,279.34M	-11,904.04M	16,968.43M	5,877.21M	4,691.48M	-14,654.56M	-45,010.70M	54,593.23M	35,720.39M	-3,649.08M	-7,881.64M	5,676.54M	-6,472.73M	-2,173.98M	7,800.54M	-2,511.64M	-5,995.86M	-2,277.90M	-1,725.89M	1,236.45M	2,515.27M	2,431.70M	2,266.90M	891.49M	59.35M	1,664.44M	-545.75M	608.79M
Capital Expenditure	-402.07M	1,940.01M	-198.04M	-204.80M	-734.71M	-272.53M	-351.33M	-141.39M	-136.45M	-63.13M	-895.17M	-256.25M	-84.62M	-376.68M	-94.08M	-145.04M	-1,454.33M	-21.21M	-1,269.05M	-401.95M	-494.88M	-266.41M	-555.93M	-124.60M	-135.11M	-54.57M	-127.46M	-114.11M	-92.97M	-58.76M	-36.39M
Free Cash Flow	81,251.64M	5,293.79M	46,255.91M	35,074.54M	-12,638.75M	16,695.90M	5,525.89M	4,550.09M	-14,791.00M	-45,073.83M	53,698.06M	35,464.14M	-3,733.70M	-8,258.32M	5,582.46M	-6,617.77M	-3,628.31M	7,779.32M	-3,780.70M	-6,397.81M	-2,772.78M	-1,992.30M	680.53M	2,390.67M	2,296.58M	2,212.32M	764.03M	-54.75M	1,571.47M	-604.52M	572.40M

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	1998-12-31	1997-12-31	1996-12-31
EBITDA	60,990.42M	184,511.39M	26,410.70M	34,682.01M	11,262.85M	64,492.45M	33,725.94M	59,742.96M	61,072.58M	52,927.79M	43,042.30M	45,897.08M	28,613.49M	18,843.15M	18,311.01M	15,230.53M	13,568.62M	9,236.98M	6,368.24M	6,921.50M	2,665.62M	1,661.91M	1,696.54M	1,070.82M	1,045.81M	704.35M	960.64M	631.93M	5,003.68M	2,371.91M	2,591.40M
(-) Tax Adjustment	20,534.65M	58,664.73M	8,621.59M	11,870.13M	3,942.00M	21,772.54M	10,475.42M	20,910.03M	21,375.40M	17,757.28M	14,104.03M	14,254.65M	10,014.72M	5,722.65M	6,408.85M	5,330.69M	4,749.02M	3,232.94M	2,228.88M	2,422.53M	725.57M	330.56M	273.05M	144.59M	366.03M	131.86M	336.23M	0.00M	0.00M	305.23M	312.02M
(-) Change In Working Capital	51,708.38M	-15,395.28M	36,304.87M	15,525.74M	-22,933.06M	-12,359.97M	-23,208.83M	-29,113.72M	-52,966.10M	-77,569.05M	35,086.98M	19,617.59M	-24,232.96M	-19,304.83M	-6,397.83M	-17,540.69M	-12,791.17M	571.38M	-6,390.34M	7.63M	-4,529.03M	-3,213.36M	-22.76M	-0.94M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
(-) Capital Expenditure	-402.07M	1,940.01M	-198.04M	-204.80M	-734.71M	-272.53M	-351.33M	-141.39M	-136.45M	-63.13M	-895.17M	-256.25M	-84.62M	-376.68M	-94.08M	-145.04M	-1,454.33M	-21.21M	-1,269.05M	-401.95M	-494.88M	-266.41M	-555.93M	-124.60M	-135.11M	-54.57M	-127.46M	-114.11M	-92.97M	-58.76M	-36.39M
Unlevered Free Cash Flow	-14,033.61M	137,564.95M	-18,713.80M	7,081.34M	29,519.20M	54,807.35M	46,108.02M	67,805.25M	92,526.83M	112,676.42M	-7,043.88M	11,768.59M	42,747.11M	32,048.65M	18,205.91M	27,295.50M	20,156.45M	5,411.45M	9,260.64M	4,089.40M	5,974.21M	4,278.30M	890.31M	802.58M	544.67M	517.92M	496.96M	517.83M	4,910.71M	2,007.91M	2,242.99M
(-) Net Interest Income After Taxes	1,384.58M	-4,871.13M	447.28M	-679.09M	-686.87M	-573.59M	-609.35M	-6,002.03M	-4,909.75M	0.00M	-4,413.53M	0.00M	0.00M	230.40M	67.76M	-310.78M	0.00M	0.00M	-239.05M	0.00M	-263.78M	-208.20M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt Issuance	-36,563.90M	63,202.53M	-17,550.97M	-17,218.10M	20,191.35M	32,627.35M	26,760.50M	19,308.77M	23,106.08M	-3,771.87M	-15,022.66M	28,319.08M	17,888.48M	10,655.21M	13,003.16M	611.16M	8,028.12M	-963.87M	7,204.14M	0.00M	1,308.87M	2,608.08M	0.00M	17.10M	2,901.32M	0.00M	-52.35M	407.38M	-1,315.34M	3,670.45M	15.54M
Levered Free Cash Flow	-51,982.09M	205,638.61M	-36,712.05M	-9,457.68M	50,397.41M	88,008.29M	73,477.86M	93,116.05M	120,542.66M	108,904.56M	-17,653.01M	40,087.68M	60,635.60M	42,473.46M	31,141.30M	28,217.44M	28,184.57M	4,447.58M	16,703.83M	4,089.40M	7,546.86M	7,094.58M	890.31M	819.68M	3,445.99M	517.92M	444.61M	925.21M	3,595.37M	5,678.36M	2,258.53M