Leoch International Technology Limited (0842.HK)

Industry: Electrical Equipment & Parts Sector: Industrials Currency Used: CN Live Price: $0.73

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Stock Price	1.48	1.19	0.94	0.66	0.40	0.51	0.64	1.21	0.72	0.70	1.18	0.64	1.05	2.07	3.78	4.11
Market Capitalization	2,110.02M	1,698.39M	1,284.59M	923.50M	557.01M	710.30M	873.74M	1,641.47M	979.92M	942.85M	1,581.96M	844.99M	1,398.04M	2,758.72M	3,940.07M	1,592.94M
(-) Cash & Equivalents	800.42M	1,004.55M	432.42M	327.91M	316.50M	350.50M	489.54M	550.49M	248.80M	177.48M	124.09M	109.25M	80.38M	156.36M	89.32M	14.40M
(+) Total Debt	5,202.97M	3,792.50M	2,649.39M	2,371.18M	2,304.25M	2,401.39M	2,990.52M	2,751.33M	1,720.05M	1,378.21M	1,208.98M	1,315.54M	1,300.70M	1,070.13M	208.31M	57.78M
Enterprise Value	6,512.57M	4,486.34M	3,501.56M	2,966.77M	2,544.76M	2,761.19M	3,374.72M	3,842.31M	2,451.16M	2,143.58M	2,666.85M	2,051.28M	2,618.36M	3,672.49M	4,059.07M	1,636.32M

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
Revenue	32,033M	24,972M	16,126M	13,471M	12,846M	11,303M	9,631M	8,363M	9,544M	9,465M	6,263M	4,331M	4,248M	3,647M	3,248M	3,164M	2,117M	1,392M
Cost of Revenue	27,776M	21,794M	13,860M	11,528M	11,251M	9,793M	8,443M	7,347M	8,489M	8,303M	5,237M	3,561M	3,532M	3,041M	2,656M	2,510M	1,591M	1,102M
Gross Profit	4,257M	3,177M	2,267M	1,944M	1,595M	1,510M	1,188M	1,015M	1,055M	1,163M	1,026M	770M	717M	606M	592M	654M	526M	289M
Gross Profit Margin	13.3%	12.7%	14.1%	14.4%	12.4%	13.4%	12.3%	12.1%	11.1%	12.3%	16.4%	17.8%	16.9%	16.6%	18.2%	20.7%	24.8%	20.8%
R&D Expenses	1,186M	1,021M	603M	372M	383M	239M	173M	119M	111M	143M	102M	85M	154M	125M	94M	0M	0M	0M
SG&A Expenses	2,184M	1,691M	1,035M	910M	723M	892M	748M	666M	678M	628M	521M	433M	422M	432M	390M	294M	196M	127M
Operating Expenses	3,371M	1,902M	1,696M	1,503M	1,014M	1,337M	856M	699M	717M	740M	604M	478M	537M	535M	471M	314M	204M	120M
Operating Income (EBIT)	886M	1,275M	571M	440M	581M	172M	332M	316M	338M	422M	422M	292M	180M	71M	122M	339M	322M	169M
Operating Income Margin	2.8%	5.1%	3.5%	3.3%	4.5%	1.5%	3.4%	3.8%	3.5%	4.5%	6.7%	6.7%	4.2%	1.9%	3.7%	10.7%	15.2%	12.2%
Interest Income	-72M	290M	24M	20M	16M	11M	11M	14M	12M	13M	9M	16M	14M	25M	21M	18M	3M	0M
Interest Expense	277M	0M	300M	224M	156M	144M	158M	198M	202M	152M	109M	105M	109M	99M	63M	29M	22M	10M
Net Interest Income	-349M	290M	-276M	-204M	-140M	-133M	-147M	-184M	-190M	-138M	-100M	-89M	-94M	-73M	-41M	-11M	-19M	-10M
Unusual Items	652M	-580M	400M	407M	142M	153M	-24M	27M	-4M	23M	-41M	-69M	26M	-118M	-4M	0M	-3M	0M
EBT Excluding Unusual Items	537M	1,565M	295M	237M	441M	39M	185M	132M	147M	284M	321M	203M	86M	-3M	80M	328M	302M	160M
Pre-Tax Income	1,189M	985M	694M	644M	583M	192M	162M	159M	143M	307M	281M	135M	112M	-121M	77M	328M	300M	160M
Pre-Tax Margin	3.7%	3.9%	4.3%	4.8%	4.5%	1.7%	1.7%	1.9%	1.5%	3.2%	4.5%	3.1%	2.6%	-3.3%	2.4%	10.4%	14.2%	11.5%
Income Tax Expense	221M	128M	131M	76M	81M	25M	24M	31M	16M	35M	49M	28M	30M	8M	5M	45M	42M	15M
Net Income	986M	797M	566M	535M	481M	136M	124M	133M	106M	243M	242M	107M	82M	-129M	72M	284M	258M	145M
Net Income Margin	3.1%	3.2%	3.5%	4.0%	3.7%	1.2%	1.3%	1.6%	1.1%	2.6%	3.9%	2.5%	1.9%	-3.5%	2.2%	9.0%	12.2%	10.4%
Depreciation & Amortization	746M	728M	332M	581M	562M	548M	455M	413M	392M	313M	260M	220M	206M	168M	104M	63M	44M	32M
EBITDA	1,632M	2,003M	903M	1,022M	1,143M	721M	787M	730M	730M	735M	682M	512M	386M	239M	226M	403M	366M	202M
EBITDA Margin	5.1%	8.0%	5.6%	7.6%	8.9%	6.4%	8.2%	8.7%	7.7%	7.8%	10.9%	11.8%	9.1%	6.6%	6.9%	12.7%	17.3%	14.5%
NOPAT	722M	1,110M	463M	388M	501M	150M	284M	254M	300M	374M	348M	231M	132M	56M	114M	293M	277M	154M
NOPAT Margin	2.3%	4.4%	2.9%	2.9%	3.9%	1.3%	2.9%	3.0%	3.1%	3.9%	5.6%	5.3%	3.1%	1.5%	3.5%	9.3%	13.1%	11.1%
Owner's Earnings	-281M	837M	-315M	212M	381M	149M	-67M	-18M	-77M	-50M	131M	4M	106M	-330M	-471M	-470M	75M	93M
Owner's Earnings Margin	-0.9%	3.4%	-2.0%	1.6%	3.0%	1.3%	-0.7%	-0.2%	-0.8%	-0.5%	2.1%	0.1%	2.5%	-9.0%	-14.5%	-14.8%	3.6%	6.7%
EPS (Basic)	0.70	0.58	0.41	0.38	0.35	0.10	0.09	0.10	0.08	0.18	0.18	0.08	0.06	-0.10	0.05	0.21	0.25	0.25
EPS (Diluted)	0.68	0.58	0.39	0.37	0.35	0.10	0.09	0.10	0.08	0.18	0.18	0.08	0.06	-0.10	0.05	0.21	0.24	0.24
Shares (Basic)	1,422M	1,381M	1,374M	1,426M	1,358M	1,358M	1,358M	1,358M	1,357M	1,356M	1,353M	1,353M	1,345M	1,293M	1,335M	1,333M	1,042M	581M
Shares (Diluted)	1,446M	1,385M	1,458M	1,453M	1,362M	1,360M	1,358M	1,358M	1,359M	1,363M	1,354M	1,354M	1,348M	1,336M	1,345M	1,358M	1,073M	605M

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
Cash & Cash Equivalents	653.54M	743.98M	743.98M	1,563.34M	436.19M	349.23M	387.15M	280.90M	425.31M	401.04M	214.34M	207.62M	138.91M	138.11M	82.89M	73.37M	178.65M	43.19M
Short-Term Investments	123.31M	185.15M	185.15M	213.54M	213.36M	174.15M	329.60M	260.18M	287.08M	12.55M	13.60M	22.54M	6.58M	10.48M	0.94M	1.26M	722.56M	0.00M
Cash & Short-Term Investments	776.85M	929.12M	929.12M	1,776.88M	649.55M	523.38M	716.74M	541.08M	712.39M	413.59M	227.94M	230.16M	145.48M	148.59M	83.83M	74.63M	901.20M	43.19M
Net Receivables	3,974.55M	4,010.69M	4,010.69M	3,247.24M	2,736.22M	2,949.17M	2,877.87M	2,315.15M	2,432.08M	2,533.84M	2,271.18M	1,559.32M	1,365.89M	1,108.05M	-18.18M	889.28M	-721.08M	402.83M
Inventory	3,494.47M	3,365.23M	3,365.23M	2,748.72M	2,136.47M	2,019.26M	1,776.90M	1,816.97M	1,962.97M	1,872.29M	1,127.13M	889.03M	796.07M	722.29M	847.09M	990.96M	687.65M	180.66M
Other Current Assets	1,480.72M	662.03M	662.03M	1,597.86M	925.03M	384.05M	10.75M	617.91M	603.66M	686.03M	599.67M	706.03M	744.70M	835.89M	1,852.93M	1,189.96M	1,403.33M	393.73M
Total Current Assets	9,726.58M	8,967.07M	8,967.07M	9,370.71M	6,447.28M	5,875.85M	5,382.28M	5,291.11M	5,711.09M	5,505.74M	4,225.92M	3,384.54M	3,052.14M	2,814.82M	2,765.68M	3,144.84M	2,271.11M	1,020.40M
Property, Plant & Equipment	3,972.09M	3,572.13M	3,572.13M	3,514.98M	2,592.68M	2,479.31M	2,555.80M	2,482.43M	2,206.98M	2,131.19M	1,892.29M	1,855.28M	1,885.95M	1,936.85M	1,832.08M	1,229.68M	520.93M	367.59M
Goodwill	3.71M	3.71M	3.71M	2.41M	2.41M	2.21M	2.21M	10.64M	10.64M	8.70M	8.66M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	842.30M	798.12M	798.12M	79.38M	783.24M	771.01M	715.54M	670.98M	797.43M	639.03M	405.63M	266.10M	225.76M	160.66M	134.37M	29.13M	3.40M	2.72M
Long-Term Investments	337.14M	307.85M	307.85M	315.19M	41.69M	8.53M	-130.01M	-95.47M	-149.93M	120.03M	114.50M	53.61M	32.65M	18.67M	16.50M	4.18M	94.24M	62.12M
Tax Assets	0.00M	0.00M	0.00M	68.97M	71.21M	66.26M	61.72M	51.29M	53.00M	48.89M	54.72M	55.60M	59.77M	65.54M	48.07M	8.62M	1.80M	1.63M
Other Non-Current Assets	543.59M	518.10M	518.10M	0.32M	213.69M	174.49M	273.40M	260.55M	359.18M	101.81M	86.13M	67.59M	6.58M	11.03M	184.61M	575.38M	17.59M	11.04M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	5,698.84M	5,199.92M	5,199.92M	3,981.24M	3,704.91M	3,501.82M	3,478.65M	3,380.42M	3,277.30M	3,049.65M	2,561.92M	2,298.19M	2,210.70M	2,192.76M	2,215.64M	1,846.99M	637.96M	445.09M
Total Assets	15,425.42M	14,166.98M	14,166.98M	13,351.95M	10,152.19M	9,377.66M	8,860.93M	8,671.53M	8,988.39M	8,555.40M	6,787.84M	5,682.73M	5,262.84M	5,007.58M	4,981.31M	4,991.83M	2,909.07M	1,465.50M
Accounts Payable	3,080.66M	2,603.04M	2,603.04M	3,003.99M	2,361.04M	2,319.25M	2,139.39M	2,009.70M	2,001.71M	1,665.25M	1,631.48M	1,220.09M	1,216.39M	1,067.66M	1,006.94M	547.86M	345.45M	163.11M
Short-Term Debt	4,468.72M	4,033.32M	4,033.32M	3,501.19M	2,641.65M	2,042.49M	1,760.85M	2,270.00M	2,171.30M	2,904.55M	1,275.01M	1,471.04M	1,139.50M	1,183.14M	1,208.12M	740.94M	416.63M	173.33M
Tax Payables	0.00M	363.73M	363.73M	280.65M	241.01M	282.93M	294.16M	261.66M	221.40M	251.04M	192.77M	81.08M	62.07M	59.70M	58.77M	45.07M	32.56M	13.43M
Deferred Revenue	0.00M	0.00M	0.00M	84.25M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	102.85M	137.48M	439.33M	465.45M	72.20M	0.00M	0.00M	0.00M
Other Current Liabilities	1,495.03M	908.76M	908.76M	1,053.31M	776.87M	630.13M	509.50M	336.27M	320.61M	273.44M	189.76M	95.90M	265.40M	228.85M	204.25M	189.52M	0.00M	0.00M
Total Current Liabilities	9,044.41M	7,908.85M	7,908.85M	7,923.39M	6,020.57M	5,274.81M	4,703.89M	4,877.62M	4,715.02M	5,094.27M	3,391.88M	3,005.59M	3,122.70M	3,004.79M	2,550.26M	1,523.38M	794.64M	349.87M
Long-Term Debt	945.76M	1,185.17M	1,185.17M	1,017.30M	68.43M	329.71M	542.44M	36.19M	712.81M	109.34M	488.46M	84.85M	62.17M	39.38M	186.43M	330.69M	0.00M	0.00M
Capital Lease Obligations	170.79M	88.23M	88.23M	47.14M	29.17M	20.47M	6.03M	7.88M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	84.55M	84.55M	99.74M	64.18M	53.28M	55.50M	64.24M	47.68M	54.55M	31.45M	15.93M	13.58M	12.55M	8.94M	4.21M	0.21M	0.75M
Other Non-Current Liabilities	219.98M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	11.55M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	1,336.53M	1,357.95M	1,357.95M	1,164.18M	161.78M	403.46M	603.97M	119.85M	760.49M	163.89M	519.91M	100.78M	75.76M	51.92M	195.37M	334.90M	0.21M	0.75M
Total Liabilities	10,380.94M	9,266.80M	9,266.80M	9,087.57M	6,182.36M	5,678.27M	5,307.87M	4,997.47M	5,475.51M	5,258.17M	3,911.79M	3,106.36M	3,198.45M	3,056.72M	2,745.63M	1,858.28M	794.85M	350.62M
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
Common Stock	120.72M	118.47M	118.47M	116.97M	116.25M	116.24M	116.22M	116.21M	116.21M	116.19M	115.85M	115.84M	115.74M	114.55M	114.46M	114.27M	114.27M	0.00M
Retained Earnings	3,080.05M	3,077.71M	3,077.71M	2,649.47M	2,212.91M	1,744.15M	1,603.66M	1,316.93M	1,209.35M	1,107.67M	879.10M	648.49M	558.44M	480.53M	612.38M	0.00M	0.00M	0.00M
Accumulated OCI	243.73M	227.32M	227.32M	273.93M	343.62M	376.88M	370.65M	390.07M	363.26M	370.35M	-964.13M	-772.87M	-593.87M	-505.11M	-306.40M	-210.02M	-149.70M	-109.21M
Minority Interest	396.14M	420.43M	420.43M	389.48M	213.96M	191.14M	160.31M	156.44M	196.98M	170.08M	60.04M	5.99M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	3,444.50M	3,423.50M	3,423.50M	3,040.36M	2,672.78M	2,237.27M	2,090.53M	1,823.22M	1,688.82M	1,594.21M	30.82M	-8.53M	80.31M	89.97M	420.43M	-95.75M	-35.43M	-109.21M
Total Equity	3,840.64M	3,843.93M	3,843.93M	3,429.84M	2,886.73M	2,428.41M	2,250.84M	1,979.66M	1,885.80M	1,764.28M	90.86M	-2.54M	80.31M	89.97M	420.43M	-95.75M	-35.43M	-109.21M
Total Liabilities & Equity	14,221.57M	13,110.73M	13,110.73M	12,517.41M	9,069.09M	8,106.68M	7,558.71M	6,977.13M	7,361.31M	7,022.45M	4,002.65M	3,103.83M	3,278.77M	3,146.69M	3,166.06M	1,762.53M	759.41M	241.41M
Tangible Assets	14,579.40M	13,365.15M	13,365.15M	13,270.17M	9,366.54M	8,604.44M	8,143.18M	7,989.91M	8,180.32M	7,907.66M	6,373.55M	5,416.62M	5,037.08M	4,846.92M	4,846.94M	4,962.70M	2,905.67M	1,462.78M
Tangible Equity	2,994.62M	3,042.10M	3,042.10M	3,348.06M	2,101.09M	1,655.19M	1,533.09M	1,298.04M	1,077.73M	1,116.55M	-323.43M	-268.64M	-145.44M	-70.69M	286.06M	-124.88M	-38.83M	-111.93M
Tangible Book Value	2,994.62M	3,042.10M	3,042.10M	3,348.06M	2,101.09M	1,655.19M	1,533.09M	1,298.04M	1,077.73M	1,116.55M	-323.43M	-268.64M	-145.44M	-70.69M	286.06M	-124.88M	-38.83M	-111.93M
Total Investments	436.94M	766.38M	766.38M	528.73M	255.04M	182.68M	143.03M	164.71M	137.15M	132.58M	128.09M	76.16M	39.23M	29.16M	17.44M	5.44M	816.79M	62.12M
Net Debt	4,760.95M	4,474.52M	4,474.52M	2,955.15M	2,273.89M	2,022.98M	1,916.14M	2,025.28M	2,458.80M	2,612.85M	1,549.13M	1,348.27M	1,062.76M	1,084.41M	1,311.66M	998.26M	237.98M	130.14M

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
Working Capital	640.3M	1,296.2M	1,296.2M	1,160.7M	580.9M	541.8M	596.4M	65.5M	718.3M	209.9M	759.2M	279.4M	228.3M	96.3M	324.0M	818.1M	1,442.0M	52.8M
Total Capital	10,233.6M	9,905.1M	9,905.1M	8,764.8M	6,561.5M	5,780.6M	5,548.9M	5,431.8M	5,861.0M	5,890.5M	4,461.4M	3,995.5M	3,532.3M	3,432.8M	3,738.8M	3,401.8M	2,496.4M	670.5M
Capital Employed	6,339.2M	6,496.1M	6,496.1M	5,885.2M	4,285.8M	4,043.6M	4,075.1M	3,445.9M	3,995.6M	3,259.5M	3,321.1M	2,577.6M	2,439.0M	2,289.1M	2,539.7M	2,665.1M	2,080.0M	497.9M
Invested Capital	9,580.1M	9,161.1M	9,161.1M	7,201.5M	6,125.3M	5,431.4M	5,161.8M	5,150.9M	5,435.7M	5,489.5M	4,247.0M	3,787.9M	3,393.4M	3,294.7M	3,655.9M	3,328.5M	2,317.8M	627.3M

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
Net Income	986.39M	797.15M	694.33M	643.85M	532.63M	191.96M	161.65M	158.76M	142.99M	306.83M	280.54M	134.56M	111.86M	-120.89M	76.52M	328.27M	299.72M	159.80M
Depreciation & Amortization	1,002.81M	752.00M	0.00M	581.17M	561.54M	548.44M	454.78M	413.38M	392.47M	312.71M	260.14M	220.06M	206.28M	168.41M	104.02M	63.22M	43.61M	32.43M
Deferred Income Tax	0.00M	966.09M	0.00M	0.00M	0.00M	17.16M	0.71M	-45.19M	-21.41M	-37.55M	-29.61M	40.59M	-33.84M	107.03M	-34.76M	-28.08M	-17.68M	0.00M
Stock-Based Compensation	4.50M	12.03M	4.36M	5.01M	4.92M	2.93M	2.03M	2.70M	5.01M	4.64M	1.38M	0.86M	3.03M	3.24M	13.74M	11.55M	6.83M	0.00M
Change in Working Capital	-2,050.71M	-1,282.91M	-1,288.39M	-346.77M	-440.60M	-164.15M	-23.03M	453.50M	219.21M	-881.39M	-418.78M	-371.74M	-200.24M	159.68M	513.97M	-312.61M	-732.63M	-202.69M
Accounts Receivable	-1,103.77M	-367.50M	-441.75M	-452.38M	-27.89M	-329.79M	-125.06M	111.77M	-102.99M	-109.33M	-724.65M	-191.86M	-261.24M	-131.14M	0.00M	0.00M	0.00M	0.00M
Inventory	-675.49M	-610.62M	-643.11M	-397.81M	-126.07M	-249.68M	41.49M	139.83M	-88.59M	-758.83M	-229.28M	-121.11M	-78.49M	22.48M	143.87M	-303.31M	-507.00M	-82.09M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	27.89M	329.79M	125.06M	-111.77M	102.99M	109.33M	724.65M	191.86M	261.24M	131.14M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	-271.45M	-304.79M	-203.54M	503.42M	-314.53M	85.53M	-64.53M	313.67M	307.81M	-13.23M	535.15M	-58.78M	139.49M	268.34M	370.11M	-9.30M	-225.63M	-120.60M
Other Non-Cash Items	1,587.59M	874.29M	591.38M	80.44M	129.68M	122.39M	166.91M	178.67M	185.66M	163.37M	95.51M	118.47M	93.49M	54.77M	28.68M	-75.42M	19.22M	-16.62M
Net Cash from Operating Activities	1,530.58M	1,152.56M	1.67M	963.70M	788.16M	718.74M	763.05M	1,161.83M	923.93M	-131.38M	189.17M	142.79M	180.57M	372.23M	702.17M	-13.07M	-380.92M	-27.07M
Capital Expenditures (PPE)	-1,634.13M	-687.90M	-956.95M	-623.66M	-661.51M	-535.70M	-645.15M	-564.06M	-575.78M	-605.60M	-370.88M	-323.06M	-182.07M	-368.99M	-646.27M	-816.53M	-225.80M	-84.72M
Acquisitions (Net)	62.78M	-3.32M	-116.66M	62.78M	-3.32M	-237.15M	-176.27M	-2.75M	-7.46M	-78.76M	0.06M	-11.32M	-1.20M	-6.37M	-7.08M	-5.32M	0.00M	0.00M
Purchases of Investments	0.00M	0.00M	-49.35M	-60.00M	-20.00M	-40.50M	-33.26M	207.93M	-23.43M	-5.80M	-34.63M	-39.27M	-10.50M	-10.50M	-2.64M	0.00M	-722.28M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	6.07M	0.47M	9.00M	114.16M	7.35M	-134.85M	-224.33M	5.58M	2.04M	4.46M	29.78M	28.50M	0.00M	0.00M	0.00M
Other Investing Activities	-949.23M	-658.11M	112.50M	-349.45M	-126.90M	114.91M	249.69M	-190.63M	168.45M	251.95M	51.29M	23.50M	43.19M	53.07M	24.10M	683.95M	-62.15M	-4.27M
Net Cash from Investing Activities	-2,520.59M	-1,349.32M	-1,010.46M	-964.28M	-811.26M	-689.44M	-490.84M	-542.16M	-573.07M	-662.54M	-348.57M	-348.11M	-146.12M	-303.00M	-603.39M	-137.90M	-1,010.23M	-89.00M
Net Debt Issuance	723.52M	396.24M	622.55M	1,538.25M	241.98M	109.33M	78.21M	-631.00M	-211.10M	1,286.58M	160.14M	346.24M	-21.92M	-172.03M	322.92M	655.00M	243.30M	109.78M
Long-Term Debt Issuance	723.52M	396.24M	622.55M	1,538.25M	241.98M	109.33M	78.21M	-623.77M	-211.10M	1,286.58M	160.14M	346.24M	-21.92M	-172.03M	322.92M	655.00M	243.30M	109.78M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-7.23M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	0.00M	11.98M	7.19M	0.09M	0.12M	0.02M	0.00M	0.17M	3.03M	0.02M	0.45M	13.56M	0.47M	0.77M	0.00M	1,439.69M	16.37M
Common Stock Issuance	0.00M	0.00M	11.98M	7.19M	0.09M	0.12M	0.02M	0.00M	0.17M	3.03M	0.02M	0.45M	13.56M	0.47M	0.77M	0.00M	1,439.69M	16.37M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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
Net Dividends Paid	-309.81M	0.00M	-138.15M	-171.66M	0.00M	0.00M	-24.80M	-23.88M	0.00M	-64.60M	-29.48M	-24.00M	0.00M	0.00M	-71.57M	-35.95M	-147.66M	-10.14M
Common Dividends Paid	-309.81M	0.00M	-138.15M	-171.66M	0.00M	0.00M	-24.80M	-23.88M	0.00M	-64.60M	-29.48M	-24.00M	0.00M	0.00M	-71.57M	-35.95M	-147.66M	-10.14M
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
Other Financing Activities	827.22M	-147.20M	-311.81M	-235.75M	-161.14M	-150.68M	-165.29M	-152.06M	-205.30M	-186.63M	-2.74M	-56.29M	-39.57M	165.01M	-340.86M	-564.58M	-7.70M	7.53M
Net Cash from Financing Activities	1,240.93M	249.04M	184.56M	1,138.04M	80.93M	-41.23M	-111.87M	-806.94M	-416.23M	1,038.38M	127.95M	266.40M	-47.92M	-6.55M	-88.75M	54.46M	1,527.64M	123.54M
Effect of FX on Cash	-43.14M	86.89M	4.86M	-10.31M	29.13M	-25.99M	-54.10M	42.86M	89.64M	-57.76M	38.18M	7.64M	14.27M	-7.46M	-0.51M	-8.77M	-1.03M	-0.01M
Net Change in Cash	653.54M	139.16M	-819.37M	1,127.15M	86.97M	-37.92M	106.25M	-144.41M	24.27M	186.70M	6.73M	68.71M	0.80M	55.21M	9.52M	-105.28M	135.46M	7.47M
Cash at Beginning of Period	1,302.62M	1,520.65M	1,563.34M	436.19M	349.23M	387.15M	280.90M	425.31M	401.04M	214.34M	207.62M	138.91M	138.11M	82.89M	73.37M	178.65M	43.19M	35.72M
Cash at End of Period	1,956.15M	1,659.81M	743.98M	1,563.34M	436.19M	349.23M	387.15M	280.90M	425.31M	401.04M	214.34M	207.62M	138.91M	138.11M	82.89M	73.37M	178.65M	43.19M
Operating Cash Flow	1,530.58M	1,152.56M	1.67M	963.70M	788.16M	718.74M	763.05M	1,161.83M	923.93M	-131.38M	189.17M	142.79M	180.57M	372.23M	702.17M	-13.07M	-380.92M	-27.07M
Capital Expenditure	-2,012.62M	-687.90M	-1,213.42M	-904.56M	-661.51M	-535.70M	-645.15M	-564.06M	-575.78M	-605.60M	-370.88M	-323.06M	-182.07M	-368.99M	-646.27M	-816.53M	-225.80M	-84.72M
Free Cash Flow	-482.04M	464.66M	-1,211.75M	59.13M	126.65M	183.04M	117.89M	597.78M	348.16M	-736.98M	-181.71M	-180.27M	-1.50M	3.24M	55.90M	-829.60M	-606.72M	-111.79M

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
EBITDA	1,632.04M	1,193.10M	961.30M	1,242.65M	1,050.62M	926.42M	722.80M	643.86M	658.08M	704.23M	662.61M	471.65M	346.18M	217.49M	212.77M	423.16M	373.47M	194.50M
(-) Tax Adjustment	303.15M	154.82M	181.13M	146.72M	145.24M	121.78M	105.92M	126.65M	72.93M	81.14M	115.14M	99.03M	93.07M	0.00M	13.50M	57.55M	52.60M	17.68M
(-) Change In Working Capital	-2,050.71M	-1,282.91M	-1,288.39M	-346.77M	-440.60M	-164.15M	-23.03M	453.50M	219.21M	-881.39M	-418.78M	-371.74M	-200.24M	159.68M	513.97M	-312.61M	-732.63M	-202.69M
(-) Capital Expenditure	-2,012.62M	-687.90M	-1,213.42M	-904.56M	-661.51M	-535.70M	-645.15M	-564.06M	-575.78M	-605.60M	-370.88M	-323.06M	-182.07M	-368.99M	-646.27M	-816.53M	-225.80M	-84.72M
Unlevered Free Cash Flow	1,366.97M	1,633.29M	855.15M	538.14M	684.48M	433.08M	-5.24M	-500.35M	-209.84M	898.88M	595.37M	421.31M	271.28M	-311.18M	-960.97M	-138.31M	827.70M	294.79M
(-) Net Interest Income After Taxes	-284.03M	252.28M	-224.04M	-179.58M	-120.45M	-115.78M	-125.38M	-147.90M	-169.23M	-122.47M	-82.80M	-70.11M	-69.06M	-73.33M	-38.85M	-9.64M	-16.75M	-8.74M
Net Debt Issuance	723.52M	396.24M	622.55M	1,538.25M	241.98M	109.33M	78.21M	-631.00M	-211.10M	1,286.58M	160.14M	346.24M	-21.92M	-172.03M	322.92M	655.00M	243.30M	109.78M
Levered Free Cash Flow	2,374.52M	1,777.25M	1,701.73M	2,255.97M	1,046.90M	658.20M	198.34M	-983.45M	-251.70M	2,307.93M	838.31M	837.66M	318.43M	-409.89M	-599.19M	526.32M	1,087.76M	413.31M