China Resources Power Holdings Company Limited (0836.HK)

Industry: Independent Power Producers Sector: Utilities Currency Used: HK Live Price: $18.01

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
Stock Price	21.77	16.77	16.08	18.35	8.73	11.19	14.44	14.95	11.94	18.37	21.08	18.37	17.84	15.09	15.90	16.34	16.65	22.40	8.84	4.28	4.24	3.15	2.73
Market Capitalization	105,466.34M	80,671.15M	77,351.94M	88,271.65M	41,995.17M	53,828.87M	69,036.93M	71,423.63M	56,996.95M	87,628.44M	100,491.02M	87,501.67M	83,763.65M	70,851.65M	74,093.97M	72,791.15M	70,483.29M	94,306.71M	34,317.97M	16,580.26M	16,421.36M	9,244.37M	5,106.92M
(-) Cash & Equivalents	7,896.32M	10,530.10M	8,690.31M	6,239.63M	4,818.18M	5,997.61M	8,038.74M	5,775.10M	3,869.60M	9,562.40M	8,178.58M	5,586.24M	5,534.08M	5,900.67M	6,720.68M	3,130.97M	2,733.54M	3,943.57M	1,373.62M	2,205.74M	1,623.28M	1,867.57M	33.88M
(+) Total Debt	190,233.44M	169,206.95M	151,505.16M	137,376.42M	117,670.17M	102,655.04M	103,092.21M	102,052.15M	91,796.69M	94,398.52M	98,805.18M	83,512.28M	82,838.68M	80,268.70M	71,361.87M	28,242.23M	18,835.72M	13,336.17M	8,295.50M	5,522.63M	4,539.17M	2,263.78M	1,699.46M
Enterprise Value	287,803.46M	239,347.99M	220,166.78M	219,408.44M	154,847.17M	150,486.30M	164,090.40M	167,700.67M	144,924.04M	172,464.55M	191,117.62M	165,427.72M	161,068.25M	145,219.68M	138,735.16M	97,902.42M	86,585.47M	103,699.31M	41,239.84M	19,897.15M	19,337.25M	9,640.58M	6,772.51M

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
Revenue	207,402M	202,350M	105,284M	103,334M	103,305M	90,414M	69,551M	67,758M	76,940M	73,312M	66,213M	71,436M	70,681M	69,582M	62,436M	60,709M	48,578M	33,214M	26,772M	16,830M	9,740M	5,927M	1,898M	491M	0M
Cost of Revenue	118,381M	178,157M	55,272M	57,998M	89,116M	83,294M	53,359M	52,115M	42,688M	40,979M	30,279M	28,972M	33,860M	35,795M	37,663M	40,406M	30,437M	19,632M	17,788M	9,551M	5,312M	3,342M	937M	0M	0M
Gross Profit	89,021M	24,193M	50,013M	45,337M	14,189M	7,120M	16,191M	15,643M	34,252M	32,333M	35,933M	42,464M	36,821M	33,786M	24,772M	20,302M	18,141M	13,582M	8,984M	7,279M	4,428M	2,585M	961M	491M	0M
Gross Profit Margin	42.9%	12.0%	47.5%	43.9%	13.7%	7.9%	23.3%	23.1%	44.5%	44.1%	54.3%	59.4%	52.1%	48.6%	39.7%	33.4%	37.3%	40.9%	33.6%	43.3%	45.5%	43.6%	50.6%	100.0%	0.0%
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
SG&A Expenses	13,767M	5,960M	7,752M	7,386M	2,998M	2,707M	2,162M	2,668M	6,219M	5,269M	5,633M	5,516M	5,388M	4,583M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Operating Expenses	43,858M	4,942M	26,788M	27,138M	21,699M	22,064M	19,801M	2,039M	23,360M	20,412M	19,780M	23,607M	22,887M	14,819M	13,556M	10,762M	10,287M	6,125M	5,500M	2,980M	1,876M	1,243M	418M	369M	26M
Operating Income (EBIT)	45,164M	19,251M	23,225M	18,198M	-7,510M	-14,944M	-3,610M	13,604M	10,892M	11,920M	16,154M	18,858M	13,934M	18,968M	11,217M	9,540M	7,854M	7,456M	3,484M	4,299M	2,553M	1,342M	543M	122M	-26M
Operating Income Margin	21.8%	9.5%	22.1%	17.6%	-7.3%	-16.5%	-5.2%	20.1%	14.2%	16.3%	24.4%	26.4%	19.7%	27.3%	18.0%	15.7%	16.2%	22.4%	13.0%	25.5%	26.2%	22.6%	28.6%	24.9%	0.0%
Interest Income	238M	412M	157M	125M	192M	301M	349M	368M	414M	311M	279M	300M	231M	196M	230M	271M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	8,960M	9,715M	4,119M	4,241M	3,890M	3,760M	3,422M	3,787M	4,315M	3,991M	3,557M	3,216M	3,325M	3,328M	3,774M	3,516M	2,527M	1,932M	1,712M	1,029M	541M	381M	123M	34M	-61M
Net Interest Income	-8,722M	-9,303M	-3,962M	-4,116M	-3,698M	-3,459M	-3,074M	-3,419M	-3,901M	-3,681M	-3,278M	-2,916M	-3,095M	-3,132M	-3,544M	-3,244M	-2,527M	-1,932M	-1,712M	-1,029M	-541M	-381M	-123M	-34M	61M
Unusual Items	1,317M	4,126M	-157M	1,416M	20,669M	20,795M	18,154M	-1,083M	320M	281M	166M	380M	346M	302M	2,231M	566M	1,190M	883M	379M	606M	734M	2,121M	1,452M	783M	-3M
EBT Excluding Unusual Items	36,441M	9,948M	19,263M	14,083M	-11,208M	-18,404M	-6,684M	10,185M	6,991M	8,240M	12,876M	15,942M	10,839M	15,836M	7,672M	6,296M	5,327M	5,525M	1,772M	3,270M	2,012M	961M	420M	88M	35M
Pre-Tax Income	37,758M	14,074M	19,106M	15,499M	9,461M	2,391M	11,470M	9,102M	7,311M	8,520M	13,042M	16,321M	11,184M	16,137M	9,904M	6,862M	6,517M	6,408M	2,152M	3,876M	2,745M	3,082M	1,872M	870M	32M
Pre-Tax Margin	18.2%	7.0%	18.1%	15.0%	9.2%	2.6%	16.5%	13.4%	9.5%	11.6%	19.7%	22.8%	15.8%	23.2%	15.9%	11.3%	13.4%	19.3%	8.0%	23.0%	28.2%	52.0%	98.6%	177.2%	0.0%
Income Tax Expense	8,358M	3,546M	4,218M	3,389M	1,906M	955M	2,794M	2,312M	2,286M	2,902M	4,398M	5,809M	4,291M	3,552M	1,179M	1,243M	755M	370M	216M	70M	11M	11M	267M	164M	7M
Net Income	26,524M	10,270M	14,388M	11,003M	7,042M	2,138M	7,583M	6,590M	3,950M	4,623M	7,708M	10,025M	9,215M	11,016M	7,479M	4,451M	4,904M	5,317M	1,717M	3,221M	2,365M	2,858M	1,308M	589M	28M
Net Income Margin	12.8%	5.1%	13.7%	10.6%	6.8%	2.4%	10.9%	9.7%	5.1%	6.3%	11.6%	14.0%	13.0%	15.8%	12.0%	7.3%	10.1%	16.0%	6.4%	19.1%	24.3%	48.2%	68.9%	120.0%	0.0%
Depreciation & Amortization	32,263M	29,308M	16,417M	14,720M	14,430M	14,619M	11,713M	10,631M	11,054M	10,412M	9,789M	9,707M	8,539M	7,305M	6,183M	5,502M	4,210M	3,188M	2,766M	1,681M	969M	588M	220M	75M	2M
EBITDA	77,426M	48,559M	39,642M	32,919M	6,919M	-325M	8,103M	24,235M	21,946M	22,332M	25,943M	28,565M	22,473M	26,272M	17,400M	15,042M	12,063M	10,645M	6,250M	5,981M	3,521M	1,930M	763M	197M	-24M
EBITDA Margin	37.3%	24.0%	37.7%	31.9%	6.7%	-0.4%	11.7%	35.8%	28.5%	30.5%	39.2%	40.0%	31.8%	37.8%	27.9%	24.8%	24.8%	32.0%	23.3%	35.5%	36.2%	32.6%	40.2%	40.1%	0.0%
NOPAT	35,166M	14,401M	18,097M	14,220M	-5,998M	-8,976M	-2,731M	10,149M	7,486M	7,861M	10,706M	12,146M	8,588M	14,793M	9,881M	7,813M	6,944M	7,025M	3,134M	4,222M	2,542M	1,337M	466M	99M	-21M
NOPAT Margin	17.0%	7.1%	17.2%	13.8%	-5.8%	-9.9%	-3.9%	15.0%	9.7%	10.7%	16.2%	17.0%	12.2%	21.3%	15.8%	12.9%	14.3%	21.2%	11.7%	25.1%	26.1%	22.6%	24.5%	20.2%	0.0%
Owner's Earnings	-33,932M	-25,346M	-18,894M	-13,053M	-11,108M	-8,932M	-11,233M	-5,320M	-1,880M	-492M	1,178M	2,921M	-6,730M	-4,938M	2,992M	-2,420M	-7,657M	-10,562M	-9,258M	-1,993M	-1,659M	-464M	-4,375M	-2,992M	-1,398M
Owner's Earnings Margin	-16.4%	-12.5%	-17.9%	-12.6%	-10.8%	-9.9%	-16.2%	-7.9%	-2.4%	-0.7%	1.8%	4.1%	-9.5%	-7.1%	4.8%	-4.0%	-15.8%	-31.8%	-34.6%	-11.8%	-17.0%	-7.8%	-230.5%	-609.1%	0.0%
EPS (Basic)	5.39	2.14	2.97	2.29	1.46	0.44	1.58	1.37	0.83	0.97	1.62	2.10	1.94	2.32	1.59	0.95	1.05	1.19	0.41	0.81	0.61	0.74	0.31	0.20	0.01
EPS (Diluted)	5.39	2.13	2.97	2.29	1.46	0.44	1.58	1.37	0.83	0.97	1.61	2.10	1.93	2.31	1.58	0.94	1.04	1.17	0.39	0.76	0.59	0.73	0.34	0.20	0.01
Shares (Basic)	4,922M	4,810M	4,851M	4,810M	4,810M	4,810M	4,810M	4,810M	4,781M	4,777M	4,773M	4,765M	4,757M	4,742M	4,716M	4,695M	4,660M	4,455M	4,235M	4,210M	3,884M	3,878M	3,878M	2,939M	2,806M
Shares (Diluted)	4,922M	4,810M	4,851M	4,810M	4,810M	4,810M	4,810M	4,810M	4,781M	4,777M	4,774M	4,772M	4,768M	4,763M	4,745M	4,738M	4,730M	4,553M	4,388M	4,210M	4,007M	3,914M	3,896M	2,941M	2,806M

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
Cash & Cash Equivalents	9,364.39M	5,834.31M	5,834.31M	4,082.97M	7,837.74M	8,087.03M	5,336.57M	5,332.81M	7,977.15M	5,381.69M	4,347.02M	7,273.95M	8,285.14M	6,035.05M	4,397.29M	4,496.61M	6,801.71M	6,261.93M	5,467.09M	7,887.13M	2,747.24M	4,411.48M	3,246.55M	3,735.15M	101.64M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	-116.47M	-152.82M	-300.09M	0.00M	0.00M	0.00M	0.00M	0.00M	5.22M	2.96M	3.69M	303.98M	3.54M	0.00M	2.96M	1.06M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	9,364.39M	5,834.31M	5,834.31M	4,082.97M	7,721.28M	7,934.21M	5,036.48M	5,332.81M	7,977.15M	5,381.69M	4,347.02M	7,273.95M	8,290.35M	6,038.00M	4,400.98M	4,800.58M	6,805.25M	6,261.93M	5,470.05M	7,888.19M	2,747.24M	4,411.48M	3,246.55M	3,735.15M	101.64M
Net Receivables	38,453.60M	40,755.81M	40,755.81M	32,826.00M	33,132.43M	36,718.50M	31,418.44M	20,451.96M	16,028.17M	10,418.00M	8,722.33M	9,337.13M	14,219.99M	20,419.53M	18,337.38M	15,729.40M	13,655.83M	8,650.94M	6,233.04M	0.00M	0.00M	0.00M	0.00M	315.66M	0.00M
Inventory	5,477.30M	5,073.96M	5,073.96M	4,016.94M	4,581.61M	6,748.27M	2,911.51M	3,171.93M	4,430.73M	4,218.87M	4,111.44M	2,306.64M	3,308.87M	3,481.84M	3,258.71M	3,592.57M	2,006.02M	1,431.96M	1,857.60M	957.51M	499.18M	291.59M	154.36M	10.05M	0.00M
Other Current Assets	6,623.71M	175.04M	175.04M	6,617.02M	2,014.99M	41.27M	300.09M	6,262.28M	6,110.38M	5,020.24M	5,000.52M	4,953.08M	8,214.87M	6,892.81M	18,408.63M	14,234.80M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.97M	49.31M
Total Current Assets	59,919.00M	51,839.12M	51,839.12M	47,542.94M	47,450.30M	51,442.26M	39,666.52M	35,218.99M	34,546.43M	25,038.80M	22,181.30M	23,870.79M	34,034.08M	36,832.18M	44,405.70M	38,357.35M	22,467.10M	16,344.82M	13,560.68M	8,845.70M	3,246.42M	4,703.07M	3,400.91M	4,064.83M	150.95M
Property, Plant & Equipment	278,105.14M	257,870.12M	257,870.12M	225,109.32M	205,155.34M	204,990.89M	190,774.21M	155,958.69M	145,969.11M	167,798.93M	153,329.77M	158,823.05M	165,218.40M	153,132.87M	120,084.99M	96,418.55M	82,864.76M	71,552.71M	50,318.60M	39,522.71M	27,341.50M	17,788.81M	12,082.69M	6,138.50M	1,921.28M
Goodwill	1,054.65M	1,153.99M	1,153.99M	1,158.59M	621.90M	663.66M	745.35M	773.41M	1,287.14M	1,626.56M	1,567.68M	1,760.92M	3,123.67M	3,126.94M	3,914.28M	4,033.45M	3,796.73M	3,756.84M	3,207.44M	2,319.56M	213.51M	107.72M	52.90M	57.42M	63.29M
Intangible Assets	985.92M	998.53M	998.53M	994.50M	4,458.26M	5,222.52M	5,210.00M	1,094.03M	0.00M	0.00M	0.00M	0.00M	18,310.47M	21,381.26M	14,051.78M	10,703.71M	10,088.16M	543.68M	437.05M	138.79M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	23,540.65M	22,324.04M	22,324.04M	24,542.84M	16,646.31M	15,751.74M	17,017.90M	19,141.03M	15,035.95M	13,923.86M	13,541.31M	14,676.02M	15,351.33M	16,244.85M	22,104.53M	22,201.38M	14,466.47M	9,308.39M	6,509.53M	5,974.78M	4,786.74M	0.00M	0.00M	0.00M	0.00M
Tax Assets	0.00M	122.47M	122.47M	1,083.93M	1,075.07M	1,043.36M	861.41M	744.39M	882.18M	617.33M	494.70M	453.74M	739.11M	494.49M	264.30M	171.88M	107.08M	111.09M	94.78M	98.06M	5.40M	5.70M	7.88M	5.94M	5.94M
Other Non-Current Assets	24,514.77M	26,137.80M	26,137.80M	19,889.42M	4,748.44M	6,337.63M	4,385.05M	8,454.69M	-882.18M	-617.33M	-494.70M	-453.74M	-739.11M	-494.49M	4,628.31M	9,030.78M	7,353.06M	14,655.44M	5,233.58M	1,478.40M	109.54M	4,097.32M	5,063.36M	4,731.59M	3,588.07M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	15,981.90M	9,926.66M	7,787.01M	6,992.64M	9,120.13M	10,325.73M	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	328,201.13M	308,606.94M	308,606.94M	272,778.58M	232,705.33M	234,009.79M	218,993.91M	186,166.24M	178,274.09M	193,276.02M	176,225.78M	182,252.64M	211,124.00M	204,211.66M	165,048.19M	142,559.75M	118,676.26M	99,928.14M	65,800.98M	49,532.30M	32,456.68M	21,999.54M	17,206.82M	10,933.45M	5,578.58M
Total Assets	388,120.13M	360,446.06M	360,446.06M	320,321.52M	280,155.64M	285,452.04M	258,660.43M	221,385.23M	212,820.52M	218,314.82M	198,407.08M	206,123.43M	245,158.08M	241,043.84M	209,453.89M	180,917.09M	141,143.35M	116,272.96M	79,361.66M	58,378.00M	35,703.10M	26,702.61M	20,607.73M	14,998.28M	5,729.53M
Accounts Payable	6,889.54M	6,859.84M	6,859.84M	6,016.97M	8,205.38M	11,193.48M	9,127.74M	8,989.68M	11,342.99M	11,387.01M	10,923.90M	10,423.12M	10,464.05M	10,439.51M	8,953.69M	5,932.63M	3,164.50M	12,763.23M	7,976.70M	234.61M	64.91M	3,452.40M	1,180.17M	874.13M	0.00M
Short-Term Debt	59,716.47M	50,206.54M	50,206.54M	38,704.68M	44,997.27M	29,437.52M	26,109.55M	25,373.33M	29,236.48M	32,960.98M	21,296.59M	27,403.62M	20,897.15M	14,313.26M	20,390.65M	28,172.85M	20,667.96M	26,912.85M	9,484.74M	8,076.19M	3,993.95M	1,983.03M	2,457.68M	1,915.96M	854.39M
Tax Payables	0.00M	0.00M	0.00M	1,007.07M	543.72M	409.82M	1,160.07M	924.15M	423.93M	1,007.93M	647.93M	1,441.89M	1,486.37M	1,322.16M	506.48M	398.41M	149.20M	62.30M	34.10M	39.23M	1.02M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	1,233.00M	1,481.79M	1,720.18M	1,309.43M	1,128.17M	1,358.82M	967.16M	-27,403.62M	-20,897.15M	-14,313.26M	-4,868.03M	0.00M	-19,309.46M	3,480.98M	-14,747.35M	-7,317.04M	-3,903.64M	30.61M	0.00M	0.00M	0.00M
Other Current Liabilities	35,479.04M	35,746.64M	35,746.64M	30,154.56M	25,292.38M	23,330.20M	25,942.69M	18,517.19M	14,492.70M	19,538.50M	15,513.60M	26.57M	19.97M	27,202.10M	14.10M	12,548.08M	11,517.96M	8,954.94M	9,006.02M	8,625.97M	4,032.77M	0.00M	0.00M	0.00M	16.95M
Total Current Liabilities	102,085.06M	92,813.02M	92,813.02M	75,883.29M	80,271.75M	65,852.82M	64,060.23M	55,113.78M	56,624.25M	66,253.24M	49,349.18M	11,891.58M	11,970.38M	38,963.77M	24,996.88M	47,051.96M	16,190.16M	52,174.29M	11,754.22M	9,658.97M	4,189.00M	5,466.03M	3,637.85M	2,790.09M	871.34M
Long-Term Debt	141,465.75M	140,160.25M	140,160.25M	125,827.12M	93,322.13M	105,310.18M	82,109.49M	74,345.18M	69,210.17M	68,761.89M	70,166.82M	61,113.72M	79,607.98M	73,438.35M	59,876.39M	56,568.99M	54,243.19M	32,990.30M	28,186.71M	18,596.14M	12,597.05M	9,062.24M	6,620.66M	2,611.60M	4,243.99M
Capital Lease Obligations	3,958.98M	3,789.61M	3,789.61M	2,327.81M	1,048.40M	863.24M	892.05M	826.90M	0.00M	0.00M	0.00M	0.00M	0.00M	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	472.61M	440.57M	440.57M	431.46M	288.86M	351.73M	608.78M	480.93M	778.52M	2,445.49M	2,518.72M	2,347.96M	2,635.04M	2,569.57M	573.88M	579.46M	493.66M	413.98M	106.29M	63.06M	21.21M	12.58M	3.23M	0.92M	2,612.51M
Other Non-Current Liabilities	3,665.95M	3,519.54M	3,519.54M	3,724.36M	3,610.08M	3,887.78M	3,606.35M	115.00M	56.73M	3,861.29M	3,718.31M	2,609.45M	3,261.44M	560.45M	457.33M	442.21M	610.69M	610.42M	387.27M	102.18M	0.00M	0.00M	0.00M	0.00M	-2,612.51M
Total Non-Current Liabilities	149,563.29M	147,909.96M	147,909.96M	132,310.75M	98,269.48M	110,412.92M	87,216.66M	75,768.02M	70,045.42M	75,068.67M	76,403.84M	66,071.12M	85,504.46M	76,568.37M	60,907.60M	57,590.66M	55,347.53M	34,014.71M	28,680.26M	18,761.38M	12,618.26M	9,074.82M	6,623.88M	2,612.51M	4,243.99M
Total Liabilities	251,648.35M	240,722.98M	240,722.98M	208,194.03M	178,541.23M	176,265.74M	151,276.89M	130,881.80M	126,669.67M	141,321.90M	125,753.02M	77,962.70M	97,474.84M	115,532.14M	85,904.48M	104,642.62M	71,537.69M	86,189.00M	40,434.48M	28,420.34M	16,807.26M	14,540.85M	10,261.73M	5,402.60M	5,115.33M
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	29,513.64M	29,513.64M	29,513.64M	22,316.71M	22,316.71M	22,316.71M	22,316.71M	22,316.71M	22,316.71M	22,341.74M	22,257.73M	22,252.46M	22,102.79M	4,791.46M	4,762.86M	4,745.09M	4,719.50M	4,683.43M	4,212.80M	4,140.32M	3,831.16M	3,810.04M	3,808.08M	0.00M	0.00M
Retained Earnings	82,745.53M	61,017.87M	61,017.87M	53,295.96M	49,782.92M	44,924.60M	46,579.92M	42,381.58M	49,498.87M	49,911.02M	49,452.94M	45,998.53M	39,852.09M	34,261.72M	23,979.44M	18,019.50M	0.00M	0.00M	0.00M	7,954.05M	5,769.14M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	8,287.80M	1,649.02M	1,649.02M	9,361.02M	10,138.98M	21,750.46M	16,906.14M	8,225.69M	9,078.98M	14,113.59M	7,296.98M	10,408.71M	8,839.53M	8,699.69M	-25,982.58M	-19,032.66M	-13,547.76M	0.00M	-6,836.60M	-3,705.34M	-1,826.97M	-819.78M	0.00M	0.00M	0.00M
Minority Interest	11,232.47M	10,113.77M	10,113.77M	8,909.18M	7,650.68M	7,844.05M	9,320.46M	8,210.28M	7,149.30M	5,528.06M	5,543.96M	12,821.77M	14,997.97M	19,747.82M	14,853.02M	14,099.17M	8,095.89M	7,561.40M	2,945.76M	2,244.11M	1,849.70M	821.65M	983.89M	558.33M	257.02M
Total Shareholders’ Equity	120,546.97M	92,180.53M	92,180.53M	84,973.69M	82,238.60M	88,991.77M	85,802.77M	72,923.98M	80,894.55M	86,366.35M	79,007.64M	78,659.70M	70,794.40M	47,752.87M	2,759.72M	3,731.94M	-8,828.26M	4,683.43M	-2,623.80M	8,389.03M	7,773.33M	2,990.27M	3,808.08M	0.00M	0.00M
Total Equity	131,779.43M	102,294.30M	102,294.30M	93,882.87M	89,889.28M	96,835.82M	95,123.23M	81,134.26M	88,043.85M	91,894.41M	84,551.60M	91,481.47M	85,792.37M	67,500.69M	17,612.74M	17,831.11M	-732.36M	12,244.83M	321.95M	10,633.13M	9,623.04M	3,811.92M	4,791.97M	558.33M	257.02M
Total Liabilities & Equity	383,427.78M	343,017.28M	343,017.28M	302,076.90M	268,430.51M	273,101.56M	246,400.12M	212,016.06M	214,713.52M	233,216.31M	210,304.62M	169,444.17M	183,267.21M	183,032.83M	103,517.22M	122,473.72M	70,805.32M	98,433.83M	40,756.43M	39,053.48M	26,430.30M	18,352.77M	15,053.70M	5,960.93M	5,372.35M
Tangible Assets	386,079.57M	358,293.54M	358,293.54M	318,168.43M	275,075.47M	279,565.87M	252,705.08M	219,517.79M	211,533.38M	216,688.26M	196,839.40M	204,362.50M	223,723.94M	216,535.63M	191,487.83M	166,179.93M	127,258.47M	111,972.45M	75,717.17M	55,919.65M	35,489.59M	26,594.89M	20,554.83M	14,940.86M	5,666.24M
Tangible Equity	129,738.87M	100,141.78M	100,141.78M	91,729.78M	84,809.11M	90,949.64M	89,167.88M	79,266.83M	86,756.71M	90,267.85M	82,983.92M	89,720.54M	64,358.23M	42,992.49M	-353.32M	3,093.95M	-14,617.25M	7,944.32M	-3,322.54M	8,174.79M	9,409.53M	3,704.20M	4,739.06M	500.91M	193.73M
Tangible Book Value	129,738.87M	100,141.78M	100,141.78M	91,729.78M	84,809.11M	90,949.64M	89,167.88M	79,266.83M	86,756.71M	90,267.85M	82,983.92M	89,720.54M	64,358.23M	42,992.49M	-353.32M	3,093.95M	-14,617.25M	7,944.32M	-3,322.54M	8,174.79M	9,409.53M	3,704.20M	4,739.06M	500.91M	193.73M
Total Investments	23,540.65M	22,324.04M	22,324.04M	24,542.84M	16,646.31M	15,751.74M	17,017.90M	19,141.03M	15,035.95M	13,923.86M	13,541.31M	14,676.02M	15,356.55M	16,247.81M	22,108.22M	22,505.36M	14,466.47M	9,308.39M	6,509.53M	5,975.84M	4,786.74M	3,909.35M	3,878.25M	4,731.59M	3,588.07M
Net Debt	191,817.83M	184,532.48M	184,532.48M	160,448.83M	130,481.66M	126,660.67M	102,882.47M	94,385.70M	90,469.49M	96,341.18M	87,116.38M	81,243.39M	92,220.00M	81,716.56M	75,869.75M	80,245.23M	68,109.45M	53,641.22M	32,204.36M	18,785.20M	13,843.76M	6,633.78M	5,831.78M	792.41M	4,996.75M

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
Working Capital	-45,524.1M	-39,368.7M	-39,368.7M	-34,444.8M	-32,200.8M	-14,101.9M	-24,426.9M	-28,091.7M	-29,633.0M	-39,911.0M	-27,775.8M	-33,831.9M	-23,221.5M	-20,921.6M	-20,705.3M	-23,170.3M	-12,374.6M	-20,758.1M	-6,959.9M	-3,713.4M	-2,703.9M	989.8M	559.1M	1,182.0M	-978.0M
Total Capital	325,688.2M	303,994.7M	303,994.7M	251,833.3M	221,824.3M	224,717.7M	195,097.0M	174,078.3M	168,582.0M	177,469.5M	161,251.0M	159,434.9M	171,227.3M	152,736.7M	134,310.0M	130,460.2M	117,075.4M	94,078.4M	64,886.5M	51,485.8M	31,875.9M	24,138.2M	19,236.5M	13,472.2M	5,198.0M
Capital Employed	282,677.1M	269,238.2M	269,238.2M	238,333.7M	200,504.6M	219,907.9M	194,567.0M	158,074.5M	148,641.1M	153,365.1M	148,450.0M	148,420.7M	169,592.1M	161,908.8M	130,291.1M	119,389.5M	106,301.6M	79,170.1M	58,841.1M	45,818.9M	29,752.8M	22,989.4M	17,765.9M	12,115.5M	4,600.6M
Invested Capital	316,323.8M	298,160.4M	298,160.4M	247,750.3M	213,986.6M	216,630.7M	189,760.4M	168,745.5M	160,604.8M	172,087.8M	156,904.0M	152,161.0M	162,942.1M	146,701.6M	129,912.7M	125,963.6M	110,273.7M	87,816.5M	59,419.5M	43,598.7M	29,128.6M	19,726.7M	15,990.0M	9,737.1M	5,096.3M

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
Net Income	26,523.77M	10,269.84M	14,388.45M	11,003.28M	7,042.48M	2,137.85M	7,582.67M	6,590.35M	3,950.44M	4,623.32M	7,708.37M	10,025.24M	9,214.86M	11,015.53M	9,903.76M	6,862.15M	6,516.88M	6,408.06M	2,151.51M	3,875.93M	2,745.10M	3,082.11M	1,872.32M	589.46M	28.11M
Depreciation & Amortization	32,438.82M	29,308.23M	16,417.36M	14,720.21M	14,429.59M	14,619.08M	11,712.74M	10,631.13M	11,043.36M	10,411.53M	9,788.82M	9,707.30M	8,538.98M	7,304.75M	6,183.14M	5,502.03M	4,209.54M	3,188.15M	2,766.26M	1,681.23M	968.73M	587.73M	220.11M	75.08M	2.34M
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	-2,586.95M	-1,706.51M	-1,782.75M	-1,168.45M	-482.12M	-620.35M	-735.45M	-2,120.89M	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	1.48M	153.73M	27.69M	53.59M	91.34M	155.69M	113.23M	106.26M	0.00M	0.00M	0.00M
Change in Working Capital	-7,658.11M	-15,606.37M	-3,534.52M	-3,401.82M	-595.44M	-10,587.12M	-3,495.69M	-2,336.17M	808.08M	-1,716.84M	-2,123.61M	4,659.17M	-1,007.92M	-2,262.25M	2,032.43M	-1,433.93M	-554.94M	-674.19M	-87.65M	-492.52M	-829.92M	-558.07M	-254.96M	-10.05M	0.00M
Accounts Receivable	-7,366.36M	-13,518.24M	-2,752.29M	-4,614.08M	-2,557.53M	-10,960.71M	-6,261.28M	-3,032.42M	1,273.15M	-1,852.12M	-1,117.76M	3,927.35M	-1,094.57M	-2,284.89M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-256.16M	-1,984.94M	-766.50M	510.34M	1,742.32M	-3,727.26M	482.10M	60.35M	-465.08M	135.28M	-1,005.85M	731.82M	86.65M	22.64M	333.86M	-1,469.56M	-474.49M	556.42M	-839.02M	-240.97M	-151.54M	-133.67M	-144.29M	-10.05M	0.00M
Accounts Payable	0.00M	0.00M	3,045.75M	721.77M	335.20M	4,088.61M	1,511.05M	577.63M	-4,814.26M	-840.49M	2,447.72M	54.85M	0.00M	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	-35.59M	-103.19M	-15.74M	-19.85M	-115.42M	12.24M	772.44M	58.27M	4,814.26M	840.49M	-2,447.72M	-54.85M	247.88M	316.14M	1,698.57M	35.63M	-80.45M	-1,230.61M	751.37M	-251.56M	-678.39M	-424.41M	-110.67M	0.00M	0.00M
Other Non-Cash Items	10,572.39M	46,817.35M	6,423.72M	6,547.61M	3,290.11M	1,801.10M	4,902.55M	3,549.11M	2,294.89M	5,244.00M	6,920.94M	7,597.16M	9,754.00M	7,129.67M	3,431.18M	3,197.57M	2,404.04M	1,938.22M	1,667.34M	953.57M	412.30M	335.70M	-1,384.29M	-690.94M	-48.44M
Net Cash from Operating Activities	61,876.87M	27,778.96M	33,695.01M	28,869.28M	24,166.74M	7,970.91M	20,702.27M	18,434.41M	18,096.76M	18,562.02M	22,294.52M	31,988.88M	26,499.92M	23,187.69M	18,965.03M	12,575.04M	10,820.45M	9,745.37M	6,106.68M	5,553.54M	2,673.99M	1,432.84M	453.18M	-36.46M	-17.99M
Capital Expenditures (PPE)	-92,718.77M	-64,923.94M	-49,699.66M	-38,776.75M	-32,579.80M	-25,688.89M	-30,528.70M	-22,541.92M	-16,884.46M	-15,527.19M	-16,319.26M	-16,811.29M	-24,483.50M	-23,258.33M	-10,670.12M	-12,373.01M	-16,770.26M	-19,067.16M	-13,741.42M	-6,895.33M	-4,992.19M	-3,909.49M	-5,902.87M	-3,656.05M	-1,428.71M
Acquisitions (Net)	-345.53M	2,765.50M	5.75M	-1,909.42M	597.48M	4,426.84M	488.42M	2,974.28M	1,989.79M	1,177.78M	396.16M	1,028.58M	-240.19M	4,600.62M	-1,480.47M	-5,659.25M	-415.89M	-3,587.14M	-1,981.28M	-4,292.43M	-659.68M	1,867.76M	366.33M	264.88M	-3,024.83M
Purchases of Investments	-5,627.90M	-4,317.24M	0.00M	0.00M	-2,191.22M	-747.32M	-1,109.38M	-3,003.46M	-826.63M	-1,365.26M	-933.60M	-1,533.03M	-343.46M	-31.73M	-245.34M	0.00M	-4,107.41M	-72.64M	-122.85M	-612.43M	-88.26M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	-127.90M	769.98M	0.00M	0.00M	140.53M	747.56M	1,189.33M	478.94M	38.00M	187.47M	314.84M	1,173.96M	583.65M	573.77M	2,098.06M	0.00M	703.05M	-7,062.06M	-1,993.63M	1,146.10M	1,132.40M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	405.83M	-220.03M	-2,380.27M	-3,299.43M	185.91M	1,292.34M	1,336.13M	43.47M	8,093.62M	994.15M	1,273.66M	2,479.71M	2,121.74M	4,043.18M	314.91M	-871.32M	191.62M	6,286.51M	1,010.48M	-362.61M	-385.94M	1,081.94M	383.67M	664.25M	14.68M
Net Cash from Investing Activities	-98,414.27M	-65,925.73M	-52,074.18M	-43,985.60M	-33,847.09M	-19,969.47M	-28,624.19M	-22,048.69M	-7,589.68M	-14,720.51M	-15,268.20M	-13,662.08M	-22,018.30M	-14,072.49M	-9,982.97M	-18,903.57M	-20,398.89M	-23,502.49M	-16,828.71M	-11,016.70M	-4,993.67M	-959.79M	-5,152.87M	-2,726.92M	-4,438.86M
Net Debt Issuance	42,235.85M	65,743.68M	32,674.49M	23,136.83M	13,069.55M	23,085.36M	13,956.20M	-1,483.06M	246.65M	5,878.43M	1,367.58M	-8,541.80M	7,978.92M	1,050.11M	-3,571.76M	3,474.97M	17,755.86M	13,459.39M	8,963.70M	7,243.49M	1,687.94M	1,714.65M	4,544.80M	3,576.59M	4,518.94M
Long-Term Debt Issuance	31,485.08M	65,743.68M	24,828.32M	23,136.83M	13,069.55M	23,085.36M	9,029.15M	-7,148.74M	1,058.76M	5,878.43M	7,414.25M	-8,541.80M	12,796.78M	3,347.25M	-3,571.76M	3,474.97M	17,755.86M	13,459.39M	8,963.70M	12,322.68M	1,687.94M	1,714.65M	4,544.80M	3,576.59M	4,518.94M
Short-Term Debt Issuance	10,750.77M	0.00M	7,846.17M	0.00M	0.00M	29,127.76M	4,927.05M	5,665.68M	-812.10M	0.00M	-6,046.67M	0.00M	-4,817.86M	-2,297.14M	41.78M	0.00M	0.00M	0.00M	0.00M	-5,079.19M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-2,164.26M	-10,558.86M	-2,162.78M	0.00M	-10,558.86M	0.00M	0.00M	0.00M	0.00M	89.14M	3.45M	44.58M	80.90M	196.57M	94.47M	38.99M	159.28M	1,760.20M	58.81M	-32.31M	60.22M	5.50M	0.22M	2,962.40M	0.00M
Common Stock Issuance	-1.48M	10,143.07M	9,383.76M	0.00M	0.00M	0.00M	0.00M	0.00M	469.97M	89.14M	3.45M	44.58M	80.90M	196.57M	107.93M	38.99M	159.28M	2,286.36M	214.15M	5,036.29M	60.22M	5.50M	0.22M	2,962.40M	0.00M
Common Stock Repurchased	-2,162.78M	-10,558.86M	-2,162.78M	0.00M	-10,558.86M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-13.46M	0.00M	0.00M	-526.16M	-155.34M	-32.31M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	-9,361.26M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-11,131.52M	-4,381.22M	-7,745.81M	-3,385.72M	-1,226.31M	-3,154.90M	-2,755.79M	-1,938.01M	-4,184.67M	-4,185.09M	-4,175.59M	-3,689.87M	-3,566.55M	-2,514.41M	-1,414.37M	-1,549.31M	-1,770.92M	-619.51M	-1,044.27M	-734.46M	-762.61M	-656.77M	-95.20M	0.00M	0.00M
Common Dividends Paid	-11,131.52M	-4,381.22M	-7,745.81M	-3,385.72M	-1,226.31M	-3,154.90M	-2,755.79M	-1,938.01M	-4,184.67M	-4,185.09M	-4,175.59M	-3,689.87M	-3,566.55M	-2,514.41M	-1,414.37M	-1,549.31M	-1,770.92M	-619.51M	-1,044.27M	-734.46M	-762.61M	-656.77M	-95.20M	0.00M	0.00M
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	310.16M	0.00M	0.00M	0.00M
Other Financing Activities	534.09M	564.75M	-2,361.87M	-7,922.14M	8,874.14M	-5,203.52M	-3,705.56M	4,062.96M	-3,507.17M	-5,013.93M	-6,775.21M	-6,684.25M	-6,700.70M	-6,370.80M	-4,227.22M	1,754.95M	-6,222.04M	-175.98M	-22.18M	3,901.13M	-390.83M	-243.87M	-200.20M	-177.46M	12.20M
Net Cash from Financing Activities	29,474.16M	51,368.36M	20,404.03M	11,828.97M	10,158.52M	14,726.94M	7,494.85M	641.89M	-7,445.19M	-3,231.45M	-9,579.77M	-18,871.35M	-2,207.42M	-7,638.52M	-9,118.87M	3,719.59M	9,922.18M	14,596.39M	7,956.06M	10,377.85M	594.72M	624.33M	4,249.63M	6,361.53M	4,531.14M
Effect of FX on Cash	50.42M	-1,132.08M	-273.52M	-350.96M	-690.76M	169.36M	556.25M	-97.47M	-466.43M	424.60M	-373.47M	-466.64M	-24.10M	161.08M	37.49M	303.85M	196.04M	-44.43M	345.92M	225.21M	60.72M	67.55M	0.71M	-3.88M	0.00M
Net Change in Cash	-1,184.96M	12,166.48M	1,751.34M	-3,638.30M	-212.59M	2,897.73M	129.18M	-2,858.63M	2,595.47M	1,034.66M	-2,926.92M	-1,011.19M	2,250.09M	1,637.76M	-99.32M	-2,305.10M	539.78M	794.84M	-2,420.05M	5,139.89M	-1,664.24M	1,164.93M	-449.35M	3,594.27M	74.29M
Cash at Beginning of Period	31,018.55M	29,859.88M	4,082.97M	7,721.28M	8,087.03M	5,336.57M	5,332.81M	8,191.43M	5,381.69M	4,347.02M	7,273.95M	8,285.14M	6,035.05M	4,397.29M	4,496.61M	6,801.71M	6,261.93M	5,467.09M	7,887.13M	2,747.24M	4,411.48M	3,246.55M	3,695.90M	101.64M	27.35M
Cash at End of Period	29,658.55M	42,026.36M	5,834.31M	4,082.97M	7,837.74M	8,087.03M	5,336.57M	5,332.81M	7,977.15M	5,381.69M	4,347.02M	7,273.95M	8,285.14M	6,035.05M	4,397.29M	4,496.61M	6,801.71M	6,261.93M	5,467.09M	7,887.13M	2,747.24M	4,411.48M	3,246.55M	3,695.90M	101.64M
Operating Cash Flow	65,983.07M	27,778.96M	33,695.01M	28,869.28M	20,121.06M	4,470.61M	18,095.36M	18,434.41M	18,096.76M	18,562.02M	22,294.52M	31,988.88M	26,499.92M	23,187.69M	18,965.03M	12,575.04M	10,820.45M	9,745.37M	6,106.68M	5,553.54M	2,673.99M	1,432.84M	453.18M	-36.46M	-17.99M
Capital Expenditure	-92,718.77M	-64,923.94M	-49,699.66M	-38,776.75M	-32,579.80M	-25,688.89M	-30,528.70M	-22,541.92M	-16,884.46M	-15,527.19M	-16,319.26M	-16,811.29M	-24,483.50M	-23,258.33M	-10,670.12M	-12,373.01M	-16,770.26M	-19,067.16M	-13,741.42M	-6,895.33M	-4,992.19M	-3,909.49M	-5,902.87M	-3,656.05M	-1,428.71M
Free Cash Flow	-26,735.70M	-37,144.98M	-16,004.66M	-9,907.47M	-12,458.73M	-21,218.28M	-12,433.34M	-4,107.50M	1,212.31M	3,034.83M	5,975.26M	15,177.59M	2,016.42M	-70.64M	8,294.91M	202.03M	-5,949.81M	-9,321.79M	-7,634.74M	-1,341.79M	-2,318.21M	-2,476.65M	-5,449.69M	-3,692.51M	-1,446.70M

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
EBITDA	107,516.99M	47,540.69M	58,678.38M	52,671.01M	25,620.78M	19,032.08M	25,742.07M	23,605.76M	39,087.26M	37,474.63M	40,088.81M	46,655.38M	39,972.09M	36,508.09M	30,955.39M	25,804.34M	22,350.56M	16,769.84M	11,750.36M	8,960.67M	5,397.16M	3,172.94M	1,181.41M	566.19M	2.34M
(-) Tax Adjustment	23,799.43M	11,977.28M	12,954.20M	11,515.58M	5,160.11M	6,661.23M	6,270.37M	5,995.16M	12,223.11M	12,762.28M	13,520.46M	16,329.38M	13,990.23M	8,035.73M	3,685.77M	4,673.27M	2,589.54M	969.42M	1,179.60M	160.73M	21.89M	11.71M	168.72M	106.57M	0.49M
(-) Change In Working Capital	-7,658.11M	-15,606.37M	-3,534.52M	-3,401.82M	-595.44M	-10,587.12M	-3,495.69M	-2,336.17M	808.08M	-1,716.84M	-2,123.61M	4,659.17M	-1,007.92M	-2,262.25M	2,032.43M	-1,433.93M	-554.94M	-674.19M	-87.65M	-492.52M	-829.92M	-558.07M	-254.96M	-10.05M	0.00M
(-) Capital Expenditure	-92,718.77M	-64,923.94M	-49,699.66M	-38,776.75M	-32,579.80M	-25,688.89M	-30,528.70M	-22,541.92M	-16,884.46M	-15,527.19M	-16,319.26M	-16,811.29M	-24,483.50M	-23,258.33M	-10,670.12M	-12,373.01M	-16,770.26M	-19,067.16M	-13,741.42M	-6,895.33M	-4,992.19M	-3,909.49M	-5,902.87M	-3,656.05M	-1,428.71M
Unlevered Free Cash Flow	-1,343.09M	-13,754.17M	-440.96M	5,780.50M	-11,523.69M	-2,730.91M	-7,561.31M	-2,595.14M	9,171.62M	10,902.00M	12,372.71M	8,855.53M	2,506.28M	7,476.29M	14,567.07M	10,191.99M	3,545.71M	-2,592.54M	-3,083.01M	2,397.14M	1,213.00M	-190.18M	-4,635.22M	-3,186.38M	-1,426.86M
(-) Net Interest Income After Taxes	-6,791.55M	-6,959.28M	-3,087.11M	-3,215.73M	-2,953.00M	-2,248.47M	-2,325.03M	-2,550.50M	-2,680.81M	-2,427.17M	-2,172.32M	-1,895.36M	-2,011.66M	-2,442.64M	-3,122.23M	-2,656.58M	-2,233.84M	-1,820.06M	-1,539.79M	-1,010.85M	-538.95M	-379.81M	-105.50M	-28.00M	48.08M
Net Debt Issuance	42,235.85M	65,743.68M	32,674.49M	23,136.83M	13,069.55M	23,085.36M	13,956.20M	-1,483.06M	246.65M	5,878.43M	1,367.58M	-8,541.80M	7,978.92M	1,050.11M	-3,571.76M	3,474.97M	17,755.86M	13,459.39M	8,963.70M	7,243.49M	1,687.94M	1,714.65M	4,544.80M	3,576.59M	4,518.94M
Levered Free Cash Flow	47,684.31M	58,948.79M	35,320.63M	32,133.07M	4,498.86M	22,602.92M	8,719.92M	-1,527.71M	12,099.08M	19,207.60M	15,912.60M	2,209.09M	12,496.87M	10,969.04M	14,117.54M	16,323.54M	23,535.41M	12,686.91M	7,420.47M	10,651.48M	3,439.88M	1,904.28M	15.09M	418.21M	3,044.00M