Zhongsheng Group Holdings Limited (0881.HK)

Industry: Auto - Dealerships Sector: Consumer Cyclical Currency Used: CN Live Price: $12.41

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Stock Price	11.87	22.32	41.35	51.61	42.79	23.79	16.74	13.75	4.90	4.15	6.84	7.62	8.54	12.30	11.24	9.44	9.43
Market Capitalization	28,197.54M	53,775.78M	101,852.52M	123,965.22M	100,446.84M	55,838.31M	38,939.59M	30,979.85M	11,098.88M	9,221.85M	14,689.36M	14,624.43M	16,455.27M	23,475.53M	20,545.48M	14,724.71M	14,703.81M
(-) Cash & Equivalents	18,121.60M	16,135.42M	11,787.98M	11,004.68M	8,489.81M	6,666.10M	6,701.02M	5,004.74M	3,833.12M	4,069.70M	4,412.21M	3,690.31M	4,201.36M	4,583.18M	3,265.73M	537.75M	496.97M
(+) Total Debt	39,057.52M	35,426.37M	28,769.89M	27,518.85M	28,962.72M	28,483.31M	26,499.97M	19,918.31M	17,526.22M	18,934.39M	19,713.78M	16,691.92M	15,415.34M	9,349.57M	4,080.45M	898.57M	578.77M
Enterprise Value	49,133.46M	73,066.73M	118,834.43M	140,479.39M	120,919.76M	77,655.51M	58,738.54M	45,893.42M	24,791.98M	24,086.54M	29,990.94M	27,626.04M	27,669.24M	28,241.92M	21,360.20M	15,085.53M	14,785.61M

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
Revenue	342,835M	349,500M	168,124M	179,290M	179,857M	175,103M	148,348M	124,043M	107,736M	86,290M	71,599M	59,143M	54,787M	52,527M	50,048M	41,903M	24,043M	13,722M	10,549M
Cost of Revenue	321,159M	316,492M	157,452M	165,526M	163,825M	156,634M	134,866M	112,555M	97,813M	77,606M	65,047M	54,473M	50,012M	47,767M	45,764M	37,595M	21,750M	12,543M	9,771M
Gross Profit	21,676M	33,008M	10,672M	13,764M	16,032M	18,470M	13,482M	11,488M	9,923M	8,684M	6,552M	4,669M	4,775M	4,761M	4,284M	4,308M	2,293M	1,179M	777M
Gross Profit Margin	6.3%	9.4%	6.3%	7.7%	8.9%	10.5%	9.1%	9.3%	9.2%	10.1%	9.2%	7.9%	8.7%	9.1%	8.6%	10.3%	9.5%	8.6%	7.4%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	19,868M	20,065M	9,782M	10,156M	10,287M	9,743M	7,969M	6,879M	6,056M	4,641M	3,985M	3,763M	3,355M	3,060M	2,790M	1,942M	1,012M	508M	393M
Operating Expenses	10,288M	11,734M	4,997M	5,425M	5,863M	5,852M	4,545M	6,836M	6,019M	4,631M	3,976M	3,754M	3,346M	3,048M	2,736M	1,575M	690M	439M	360M
Operating Income (EBIT)	11,387M	21,274M	5,675M	8,340M	10,169M	12,617M	8,937M	4,652M	3,904M	4,053M	2,576M	916M	1,429M	1,712M	1,548M	2,734M	1,603M	740M	418M
Operating Income Margin	3.3%	6.1%	3.4%	4.7%	5.7%	7.2%	6.0%	3.8%	3.6%	4.7%	3.6%	1.5%	2.6%	3.3%	3.1%	6.5%	6.7%	5.4%	4.0%
Interest Income	-26M	1,881M	328M	458M	240M	183M	81M	60M	57M	26M	31M	68M	55M	57M	41M	36M	0M	0M	0M
Interest Expense	1,619M	0M	1,573M	1,507M	1,219M	1,120M	1,260M	1,391M	1,231M	1,077M	1,018M	1,296M	1,273M	1,075M	1,032M	549M	227M	81M	104M
Net Interest Income	-1,644M	1,881M	-1,244M	-1,049M	-979M	-937M	-1,179M	-1,331M	-1,173M	-1,050M	-987M	-1,228M	-1,218M	-1,018M	-992M	-513M	-227M	-81M	-104M
Unusual Items	-1,635M	-3,762M	-327M	-460M	-239M	-177M	-79M	3,005M	2,470M	1,811M	1,289M	1,028M	884M	696M	600M	-26M	8M	7M	5M
EBT Excluding Unusual Items	9,743M	23,155M	4,430M	7,291M	9,190M	11,681M	7,758M	3,322M	2,731M	3,002M	1,589M	-312M	211M	694M	556M	2,220M	1,376M	659M	313M
Pre-Tax Income	8,108M	19,393M	4,103M	6,831M	8,951M	11,504M	7,679M	6,327M	5,201M	4,813M	2,878M	716M	1,095M	1,390M	1,157M	2,194M	1,384M	667M	318M
Pre-Tax Margin	2.4%	5.5%	2.4%	3.8%	5.0%	6.6%	5.2%	5.1%	4.8%	5.6%	4.0%	1.2%	2.0%	2.6%	2.3%	5.2%	5.8%	4.9%	3.0%
Income Tax Expense	2,137M	5,067M	1,033M	1,840M	2,316M	3,096M	2,098M	1,807M	1,505M	1,338M	837M	234M	315M	367M	291M	551M	302M	174M	83M
Net Income	6,233M	14,330M	3,212M	5,018M	6,688M	8,329M	5,540M	4,502M	3,637M	3,350M	1,860M	461M	751M	1,010M	750M	1,417M	1,031M	471M	219M
Net Income Margin	1.8%	4.1%	1.9%	2.8%	3.7%	4.8%	3.7%	3.6%	3.4%	3.9%	2.6%	0.8%	1.4%	1.9%	1.5%	3.4%	4.3%	3.4%	2.1%
Depreciation & Amortization	2,056,220M	3,674M	2,054,439M	2,218M	2,851M	2,374M	1,940M	1,738M	1,175M	993M	909M	811M	698M	609M	493M	361M	153M	88M	61M
EBITDA	2,067,607M	24,948M	2,060,114M	10,558M	13,020M	14,991M	10,876M	6,390M	5,079M	5,046M	3,485M	1,727M	2,127M	2,322M	2,041M	3,094M	1,756M	828M	478M
EBITDA Margin	603.1%	7.1%	1,225.4%	5.9%	7.2%	8.6%	7.3%	5.2%	4.7%	5.8%	4.9%	2.9%	3.9%	4.4%	4.1%	7.4%	7.3%	6.0%	4.5%
NOPAT	8,386M	15,715M	4,247M	6,093M	7,538M	9,221M	6,495M	3,323M	2,774M	2,927M	1,827M	616M	1,018M	1,260M	1,158M	2,047M	1,253M	547M	308M
NOPAT Margin	2.4%	4.5%	2.5%	3.4%	4.2%	5.3%	4.4%	2.7%	2.6%	3.4%	2.6%	1.0%	1.9%	2.4%	2.3%	4.9%	5.2%	4.0%	2.9%
Owner's Earnings	2,059,605M	10,664M	2,055,550M	4,344M	5,688M	5,624M	4,196M	3,473M	2,251M	2,017M	1,216M	-526M	-691M	-634M	-576M	-492M	-37M	227M	59M
Owner's Earnings Margin	600.8%	3.1%	1,222.6%	2.4%	3.2%	3.2%	2.8%	2.8%	2.1%	2.3%	1.7%	-0.9%	-1.3%	-1.2%	-1.2%	-1.2%	-0.2%	1.7%	0.6%
EPS (Basic)	2.62	5.84	1.35	2.08	2.76	3.56	2.44	1.98	1.56	1.52	0.87	0.21	0.35	0.53	0.39	0.74	0.56	0.30	0.14
EPS (Diluted)	2.55	5.73	1.31	2.03	2.66	3.40	2.28	1.85	1.51	1.45	0.78	0.19	0.33	0.53	0.39	0.74	0.56	0.30	0.14
Shares (Basic)	2,381M	2,449M	2,377M	2,408M	2,412M	2,341M	2,348M	2,347M	2,328M	2,209M	2,147M	2,147M	2,132M	1,908M	1,908M	1,908M	1,828M	1,560M	1,560M
Shares (Diluted)	2,445M	2,500M	2,448M	2,469M	2,518M	2,448M	2,428M	2,428M	2,411M	2,303M	2,385M	2,385M	2,296M	1,908M	1,908M	1,908M	1,828M	1,560M	1,560M

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
Cash & Cash Equivalents	12,982.98M	18,747.58M	18,747.58M	15,730.11M	11,828.75M	11,183.93M	8,390.64M	6,365.17M	6,573.71M	5,383.27M	4,477.49M	4,675.44M	4,289.98M	3,849.89M	4,284.71M	4,674.54M	3,130.57M	1,075.50M	993.94M
Short-Term Investments	7,158.94M	124.67M	124.67M	148.55M	99.03M	160.99M	150.42M	997.91M	141.19M	19.10M	25.85M	23.88M	120.08M	59.79M	63.95M	0.00M	0.00M	382.93M	210.72M
Cash & Short-Term Investments	20,141.92M	18,872.25M	18,872.25M	15,878.66M	11,927.78M	11,344.92M	8,541.06M	7,363.07M	6,714.90M	5,402.37M	4,503.34M	4,699.32M	4,410.06M	3,909.68M	4,348.66M	4,674.54M	3,130.57M	1,458.43M	1,204.66M
Net Receivables	4,668.65M	13,311.39M	13,311.39M	11,623.45M	8,106.33M	1,843.74M	7,527.38M	1,463.49M	1,342.59M	1,083.30M	5,011.03M	4,188.44M	3,316.81M	2,985.26M	2,563.84M	49.75M	287.18M	87.32M	61.90M
Inventory	17,019.58M	18,476.86M	18,476.86M	16,366.10M	15,237.43M	11,192.02M	9,090.09M	9,828.49M	10,980.50M	7,509.81M	6,529.74M	6,289.28M	8,319.37M	6,810.49M	6,346.68M	6,380.20M	3,453.05M	1,024.24M	1,133.42M
Other Current Assets	21,635.25M	8,942.79M	8,942.79M	8,419.51M	5,996.52M	797.09M	3,300.33M	8,557.75M	8,928.51M	7,536.36M	2,129.08M	2,279.74M	2,956.89M	2,483.40M	2,712.60M	3,924.39M	1,113.30M	382.93M	0.00M
Total Current Assets	63,465.40M	59,603.29M	59,603.29M	52,287.72M	41,268.05M	25,177.77M	28,458.86M	27,212.81M	27,966.49M	21,531.83M	18,173.20M	17,456.78M	19,003.13M	16,188.82M	15,971.78M	15,028.87M	7,984.10M	2,952.92M	2,399.97M
Property, Plant & Equipment	22,809.29M	22,590.47M	22,590.47M	23,132.91M	22,267.42M	22,244.32M	18,787.20M	16,556.78M	11,506.93M	10,055.75M	8,810.14M	8,092.75M	7,460.04M	6,259.62M	5,039.96M	3,886.83M	1,788.71M	838.38M	548.78M
Goodwill	8,316.43M	8,272.61M	8,272.61M	8,364.20M	8,326.15M	8,296.83M	4,972.46M	4,640.14M	4,563.69M	3,940.06M	2,732.55M	2,622.41M	2,432.64M	2,033.58M	2,033.58M	1,697.88M	790.95M	200.49M	76.57M
Intangible Assets	12,457.39M	12,686.60M	12,686.60M	13,382.10M	13,551.00M	13,806.42M	9,550.53M	9,149.44M	9,308.29M	8,233.36M	5,260.04M	5,473.97M	4,861.01M	4,487.73M	3,918.60M	3,325.91M	2,083.00M	677.53M	357.55M
Long-Term Investments	53.66M	129.48M	129.48M	-11.75M	61.30M	-105.30M	-101.14M	-950.65M	51.76M	51.17M	53.63M	52.37M	54.09M	50.75M	61.97M	0.00M	0.00M	-338.85M	-184.25M
Tax Assets	0.00M	0.00M	0.00M	148.55M	206.65M	236.48M	209.49M	257.58M	269.30M	278.92M	307.24M	357.65M	285.35M	196.59M	132.09M	38.08M	8.79M	4.53M	3.13M
Other Non-Current Assets	828.76M	911.65M	911.65M	653.80M	415.38M	648.36M	1,231.73M	1,729.24M	1,006.71M	976.04M	993.90M	922.06M	1,189.52M	890.68M	1,451.79M	1,039.29M	928.97M	439.20M	243.99M
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	0.00M
Total Non-Current Assets	44,465.54M	44,590.82M	44,590.82M	45,669.80M	44,827.90M	45,127.12M	34,650.27M	31,382.54M	26,706.68M	23,535.30M	18,157.49M	17,521.20M	16,282.65M	13,918.95M	12,637.98M	9,988.00M	5,600.41M	1,821.29M	1,045.76M
Total Assets	107,930.94M	104,194.11M	104,194.11M	97,957.52M	86,095.95M	70,304.88M	63,109.13M	58,595.34M	54,673.17M	45,067.13M	36,330.69M	34,977.98M	35,285.78M	30,107.77M	28,609.76M	25,016.87M	13,584.51M	4,774.21M	3,445.74M
Accounts Payable	16,297.49M	12,607.80M	12,607.80M	11,041.37M	8,205.90M	5,460.00M	4,980.29M	4,875.07M	4,814.76M	3,470.59M	4,057.37M	3,494.92M	3,085.79M	3,915.61M	3,739.67M	5,679.88M	2,984.51M	1,093.01M	835.70M
Short-Term Debt	14,707.97M	20,321.53M	20,321.53M	15,873.28M	14,678.66M	15,219.40M	16,980.13M	17,089.71M	17,066.95M	18,708.96M	16,133.32M	14,776.97M	16,848.47M	16,744.76M	14,351.55M	10,017.50M	4,924.46M	1,797.15M	1,157.54M
Tax Payables	0.00M	0.00M	0.00M	2,309.85M	2,145.57M	2,447.70M	1,774.03M	1,476.36M	1,470.35M	1,373.40M	1,133.58M	714.07M	637.81M	630.52M	455.30M	392.62M	188.16M	60.01M	27.73M
Deferred Revenue	0.00M	0.00M	0.00M	-88.40M	0.00M	0.00M	5,991.01M	4,700.42M	4,468.03M	4,309.38M	3,146.14M	2,304.08M	2,168.21M	1,951.96M	1,724.74M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	6,911.42M	3,044.30M	3,044.30M	2,731.66M	2,665.65M	0.00M	-2,421.08M	-2,027.76M	2,433.42M	2,045.35M	1,627.31M	1,084.37M	839.50M	850.70M	791.28M	855.71M	0.00M	0.00M	0.00M
Total Current Liabilities	37,916.88M	35,973.64M	35,973.64M	31,867.75M	27,695.77M	23,127.10M	27,304.38M	26,113.79M	30,253.51M	29,907.68M	26,097.72M	22,374.41M	23,579.78M	24,093.54M	21,062.55M	16,945.71M	8,097.12M	2,950.17M	2,020.98M
Long-Term Debt	13,893.64M	15,073.85M	15,073.85M	15,675.39M	11,598.96M	8,865.82M	7,178.46M	8,218.27M	9,621.55M	2,493.26M	1,891.59M	4,475.89M	3,430.33M	555.32M	1,942.66M	1,258.80M	0.00M	0.00M	0.00M
Capital Lease Obligations	5,247.39M	5,419.97M	5,419.97M	5,207.83M	4,360.57M	4,644.97M	4,124.76M	3,801.63M	6.39M	4.85M	3.80M	8.73M	34.01M	21.85M	26.16M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	3,429.18M	3,429.18M	3,418.85M	3,176.03M	3,271.86M	2,119.63M	1,917.53M	1,909.28M	1,679.59M	1,068.89M	979.81M	891.82M	784.68M	778.63M	706.44M	422.60M	104.55M	33.84M
Other Non-Current Liabilities	3,196.80M	0.00M	0.00M	0.00M	0.00M	3,271.86M	0.00M	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 Liabilities	22,337.83M	23,923.00M	23,923.00M	24,302.06M	19,135.55M	20,054.52M	13,422.85M	13,937.42M	11,537.22M	4,177.69M	2,964.27M	5,464.43M	4,356.16M	1,361.85M	2,747.45M	1,965.24M	422.60M	104.55M	33.84M
Total Liabilities	60,254.70M	59,896.64M	59,896.64M	56,169.82M	46,831.32M	43,181.62M	40,727.23M	40,051.21M	41,790.73M	34,085.37M	29,061.99M	27,838.84M	27,935.95M	25,455.39M	23,809.99M	18,910.95M	8,519.72M	3,054.72M	2,054.81M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	4,246.25M	0.00M	3,785.43M	3,589.24M	3,345.21M	2,624.50M	2,354.08M	1,533.82M	1,372.75M	1,514.47M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	0.21M	0.21M	0.21M	0.21M	0.21M	0.21M	0.20M	0.20M	0.20M	0.20M	0.19M	0.19M	0.19M	0.17M	0.17M	0.17M	0.17M	0.00M	0.00M
Retained Earnings	49,578.95M	48,569.85M	48,569.85M	40,927.89M	36,220.05M	33,740.84M	22,073.31M	17,461.73M	17,499.44M	14,090.90M	7,492.91M	5,773.02M	5,383.44M	4,735.24M	3,830.28M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	-4,803.02M	-4,640.25M	-4,640.25M	-4,404.51M	-4,246.25M	-3,282.95M	-3,785.43M	-3,589.24M	-3,345.21M	-2,624.50M	-2,354.08M	-1,533.82M	-1,372.75M	-1,514.47M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	0.47M	88.38M	88.38M	249.28M	303.84M	462.70M	418.85M	418.12M	796.61M	756.17M	880.63M	1,347.48M	1,262.13M	1,278.15M	1,291.17M	1,185.58M	778.98M	36.89M	52.67M
Total Shareholders’ Equity	44,776.14M	43,929.81M	43,929.81M	36,523.58M	36,220.26M	30,458.10M	22,073.50M	17,461.92M	17,499.63M	14,091.10M	7,493.10M	5,773.21M	5,383.62M	4,735.41M	3,830.45M	0.17M	0.17M	0.00M	0.00M
Total Equity	44,776.61M	44,018.19M	44,018.19M	36,772.86M	36,524.09M	30,920.80M	22,492.35M	17,880.04M	18,296.24M	14,847.27M	8,373.73M	7,120.69M	6,645.75M	6,013.56M	5,121.63M	1,185.75M	779.14M	36.89M	52.67M
Total Liabilities & Equity	105,031.31M	103,914.83M	103,914.83M	92,942.68M	83,355.42M	74,102.42M	63,219.58M	57,931.25M	60,086.97M	48,932.64M	37,435.72M	34,959.54M	34,581.70M	31,468.95M	28,931.62M	20,096.70M	9,298.86M	3,091.61M	2,107.49M
Tangible Assets	87,157.12M	83,234.90M	83,234.90M	76,211.23M	64,218.80M	48,201.64M	48,586.14M	44,805.76M	40,801.19M	32,893.71M	28,338.10M	26,881.61M	27,992.13M	23,586.46M	22,657.58M	19,993.07M	10,710.56M	3,896.18M	3,011.62M
Tangible Equity	24,002.78M	23,058.97M	23,058.97M	15,026.57M	14,646.94M	8,817.56M	7,969.36M	4,090.46M	4,424.27M	2,673.85M	381.14M	-975.68M	-647.89M	-507.75M	-830.56M	-3,838.05M	-2,094.80M	-841.13M	-381.44M
Tangible Book Value	24,002.78M	23,058.97M	23,058.97M	15,026.57M	14,646.94M	8,817.56M	7,969.36M	4,090.46M	4,424.27M	2,673.85M	381.14M	-975.68M	-647.89M	-507.75M	-830.56M	-3,838.05M	-2,094.80M	-841.13M	-381.44M
Total Investments	7,107.85M	254.15M	254.15M	136.80M	160.33M	55.69M	49.27M	47.26M	45.47M	42.61M	79.48M	76.25M	174.17M	110.54M	125.91M	177.45M	225.19M	44.08M	26.47M
Net Debt	15,618.63M	16,647.80M	16,647.80M	15,818.55M	14,448.87M	12,901.30M	15,767.94M	18,942.82M	20,114.79M	15,818.95M	13,547.41M	14,577.43M	15,988.83M	13,450.19M	12,009.50M	6,601.77M	1,793.89M	721.65M	163.61M

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
Working Capital	24,835.1M	25,561.0M	25,561.0M	24,069.1M	17,941.1M	11,966.0M	5,376.7M	4,494.9M	3,861.0M	-2,691.9M	-2,096.4M	551.0M	422.0M	-2,879.0M	-1,082.8M	258.9M	1,536.8M	431.1M	673.8M
Total Capital	81,524.8M	87,644.8M	87,644.8M	82,553.8M	74,451.9M	68,974.0M	54,746.2M	50,868.2M	44,934.5M	37,120.1M	30,247.0M	30,530.1M	31,431.6M	25,740.9M	23,859.1M	18,383.0M	10,860.0M	3,908.1M	2,790.6M
Capital Employed	69,300.7M	70,151.8M	70,151.8M	69,738.9M	62,769.0M	57,093.2M	40,026.9M	35,877.5M	30,567.7M	20,843.4M	16,061.1M	18,072.2M	16,704.7M	11,039.9M	11,555.2M	10,246.9M	7,137.2M	2,252.4M	1,719.6M
Invested Capital	68,541.8M	68,897.2M	68,897.2M	66,823.7M	62,623.2M	57,790.1M	46,355.6M	44,503.0M	38,360.8M	31,736.8M	25,769.5M	25,854.7M	27,141.6M	21,891.0M	19,574.4M	13,708.4M	7,729.5M	2,832.6M	1,796.7M

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
Net Income	6,232.91M	14,330.08M	4,103.42M	6,830.95M	8,950.77M	11,503.58M	7,678.81M	6,326.57M	5,200.76M	4,813.38M	2,878.43M	715.64M	1,095.45M	1,390.05M	1,156.57M	2,193.72M	1,384.00M	666.70M	317.67M
Depreciation & Amortization	2,880,270.68M	4,880.69M	2,877,581.00M	2,218.50M	2,851.31M	2,373.70M	1,939.60M	1,738.35M	1,174.90M	993.49M	909.40M	811.02M	698.13M	609.39M	493.06M	360.51M	153.04M	88.15M	60.86M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1,816.21M	3,563.78M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	16.02M	33.37M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-3,233.37M	-8,814.50M	-5,207.02M	-1,948.27M	-1,181.82M	-1,467.81M	321.72M	204.13M	-3,868.76M	-692.52M	-6.85M	2,042.05M	-1,749.03M	-979.03M	-2,197.05M	-2,364.23M	-2,283.82M	-505.33M	-51.70M
Accounts Receivable	-1,606.61M	-87.85M	-518.59M	-2,375.98M	36.83M	287.98M	47.32M	-123.64M	-251.02M	157.08M	-192.00M	-324.67M	-13.01M	-11.78M	-96.35M	0.00M	0.00M	0.00M	0.00M
Inventory	561.14M	-5,676.92M	-2,092.10M	-1,094.93M	-4,066.54M	-951.32M	1,002.95M	1,246.64M	-2,943.36M	-403.84M	405.77M	2,498.67M	-1,159.64M	-463.81M	313.66M	-2,131.57M	-1,763.41M	309.91M	-407.69M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	0.00M	-287.98M	-47.32M	123.64M	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	-2,187.91M	-3,049.73M	-2,596.33M	1,522.64M	2,847.89M	-516.49M	-681.23M	-1,042.51M	-674.38M	-445.76M	-220.61M	-131.94M	-576.38M	-503.44M	-2,414.36M	-232.66M	-520.41M	-815.24M	355.99M
Other Non-Cash Items	-2,870,923.44M	6,325.78M	-2,873,038.00M	-675.21M	-1,835.43M	-1,537.19M	-615.77M	1,330.58M	-3,786.09M	120.15M	731.66M	1,082.96M	881.98M	786.20M	661.78M	169.35M	-108.90M	-60.21M	1.05M
Net Cash from Operating Activities	12,346.77M	16,722.04M	3,439.40M	6,425.97M	8,784.83M	10,872.28M	9,324.37M	7,799.45M	2,317.96M	5,234.50M	4,512.64M	4,651.67M	926.53M	1,806.60M	114.36M	359.35M	-855.68M	189.32M	327.89M
Capital Expenditures (PPE)	-2,848.45M	-7,340.32M	0.00M	-2,864.10M	-3,851.34M	-5,078.57M	-3,283.80M	-2,766.64M	-2,560.70M	-2,326.94M	-1,553.49M	-1,798.12M	-2,139.83M	-2,253.41M	-1,819.79M	-2,269.35M	-1,221.22M	-331.88M	-220.17M
Acquisitions (Net)	-115.76M	-5,081.71M	0.00M	-139.47M	41.34M	-5,445.85M	-1,527.12M	-355.39M	-1,950.91M	-3,018.86M	-1,648.40M	-481.18M	-900.82M	-397.27M	-1,639.22M	-1,357.07M	-586.81M	-249.26M	-191.34M
Purchases of Investments	0.00M	0.00M	0.00M	-96.44M	0.00M	0.00M	819.96M	-838.55M	0.00M	92.65M	-1.97M	464.45M	-84.05M	0.00M	74.52M	-169.69M	-418.50M	-0.10M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	871.88M	37.14M	0.00M	17.75M	320.81M	100.27M	35.32M	0.00M	137.73M	33.78M	167.67M	71.04M	0.00M
Other Investing Activities	2,659.04M	876.76M	619.53M	2,602.99M	210.23M	1,107.85M	-115.05M	784.37M	278.56M	397.61M	103.28M	24.44M	379.05M	640.91M	206.46M	342.03M	-241.65M	74.23M	-134.18M
Net Cash from Investing Activities	-305.17M	-11,545.27M	619.53M	-497.02M	-3,599.77M	-9,416.56M	-3,234.13M	-3,139.07M	-4,233.06M	-4,837.79M	-2,779.77M	-1,690.14M	-2,710.33M	-2,009.77M	-3,040.30M	-3,420.30M	-2,300.51M	-435.97M	-545.69M
Net Debt Issuance	-7,344.18M	0.00M	2,604.30M	4,940.20M	326.33M	945.88M	-1,343.96M	-1,772.90M	4,964.33M	1,635.89M	-819.52M	-1,863.81M	1,866.53M	943.12M	4,826.99M	5,500.88M	2,479.87M	397.45M	937.42M
Long-Term Debt Issuance	-7,344.18M	0.00M	2,604.30M	4,940.20M	326.33M	945.88M	-1,343.96M	-1,772.90M	4,964.33M	1,635.89M	-419.52M	-2,263.81M	3,066.53M	546.72M	4,030.19M	5,500.88M	0.00M	603.61M	109.41M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,574.85M	0.00M	-400.00M	400.00M	-1,200.00M	396.40M	796.80M	0.00M	2,479.87M	397.45M	828.01M
Net Stock Issuance	-369.30M	0.00M	-193.65M	-449.04M	-405.37M	2,471.59M	0.00M	0.00M	0.00M	1,175.88M	0.00M	0.00M	2,020.21M	0.00M	0.00M	0.00M	2,910.47M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	2,498.42M	0.00M	0.00M	0.00M	1,175.88M	0.00M	0.00M	2,023.17M	0.00M	0.00M	0.00M	2,910.47M	0.00M	0.00M
Common Stock Repurchased	-369.30M	-678.76M	-193.65M	-449.04M	-405.37M	-26.83M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-2.96M	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
Net Dividends Paid	-4,109.55M	-2,841.64M	-1,734.67M	-2,374.88M	-1,728.45M	-1,113.19M	-932.60M	-738.70M	-667.21M	-561.20M	-90.15M	-150.18M	-204.11M	-152.68M	-247.93M	-192.77M	0.00M	0.00M	0.00M
Common Dividends Paid	-4,109.55M	-2,841.64M	-1,734.67M	-2,374.88M	-1,728.45M	-1,113.19M	-932.60M	-738.70M	-667.21M	-561.20M	-90.15M	-150.18M	-204.11M	-152.68M	-247.93M	-192.77M	0.00M	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
Other Financing Activities	-3,698.08M	3,439.78M	-1,676.26M	-4,117.58M	-2,719.33M	-1,003.69M	-1,687.04M	-2,199.88M	-1,294.46M	-1,759.70M	-1,138.62M	-583.74M	-1,461.53M	-1,028.69M	-2,044.42M	-747.52M	-239.73M	-80.69M	-104.44M
Net Cash from Financing Activities	-15,521.11M	598.14M	-1,000.28M	-2,001.30M	-4,526.82M	1,300.59M	-3,963.61M	-4,711.48M	3,002.67M	490.87M	-2,048.29M	-2,597.73M	2,221.10M	-238.25M	2,534.65M	4,560.59M	5,150.61M	316.76M	832.98M
Effect of FX on Cash	-13.87M	96.33M	16.91M	5.30M	70.75M	-16.63M	-17.44M	9.61M	27.89M	-17.64M	8.17M	9.49M	-0.12M	-1.35M	0.27M	-1.54M	-35.66M	-3.39M	4.07M
Net Change in Cash	12,488.97M	2,935.62M	3,075.56M	3,932.96M	728.99M	2,739.68M	2,109.19M	-41.49M	1,115.46M	869.94M	-307.25M	373.30M	437.18M	-442.76M	-391.02M	1,498.10M	1,958.76M	66.72M	619.25M
Cash at Beginning of Period	33,499.05M	11,256.33M	15,611.98M	11,679.03M	10,950.04M	8,210.36M	6,101.18M	6,142.66M	5,027.20M	4,157.26M	4,464.52M	4,091.22M	3,654.04M	4,096.80M	4,487.82M	2,989.72M	1,030.96M	964.25M	345.00M
Cash at End of Period	29,635.41M	14,191.95M	18,687.54M	15,611.98M	11,679.03M	10,950.04M	8,210.36M	6,101.18M	6,142.66M	5,027.20M	4,157.26M	4,464.52M	4,091.22M	3,654.04M	4,096.80M	4,487.82M	2,989.72M	1,030.96M	964.25M
Operating Cash Flow	12,346.77M	16,722.04M	3,439.40M	6,425.97M	8,784.83M	10,872.28M	9,324.37M	7,799.45M	2,317.96M	5,234.50M	4,512.64M	4,651.67M	926.53M	1,806.60M	114.36M	359.35M	-855.68M	189.32M	327.89M
Capital Expenditure	-2,848.45M	-7,340.32M	-2,100.86M	-2,892.94M	-3,851.34M	-5,078.57M	-3,283.80M	-2,766.64M	-2,560.70M	-2,326.94M	-1,553.49M	-1,798.12M	-2,139.83M	-2,253.41M	-1,819.79M	-2,269.35M	-1,221.22M	-331.88M	-220.17M
Free Cash Flow	9,498.32M	9,381.73M	1,338.54M	3,533.03M	4,933.49M	5,793.71M	6,040.57M	5,032.82M	-242.74M	2,907.56M	2,959.15M	2,853.55M	-1,213.31M	-446.80M	-1,705.43M	-1,910.00M	-2,076.90M	-142.56M	107.72M

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
EBITDA	2,058,027.63M	16,617.23M	2,055,329.08M	5,827.23M	8,596.00M	11,100.41M	7,452.39M	6,347.17M	5,042.10M	5,036.12M	3,476.18M	1,716.80M	2,118.01M	2,310.47M	1,986.99M	2,726.70M	1,433.98M	759.09M	445.05M
(-) Tax Adjustment	542,478.79M	4,341.76M	517,182.79M	1,569.69M	2,223.77M	2,987.73M	2,036.12M	1,812.94M	1,459.52M	1,399.42M	1,010.44M	562.15M	608.51M	609.94M	499.98M	684.42M	312.52M	197.77M	116.65M
(-) Change In Working Capital	-3,233.37M	-8,814.50M	-5,207.02M	-1,948.27M	-1,181.82M	-1,467.81M	321.72M	204.13M	-3,868.76M	-692.52M	-6.85M	2,042.05M	-1,749.03M	-979.03M	-2,197.05M	-2,364.23M	-2,283.82M	-505.33M	-51.70M
(-) Capital Expenditure	-2,848.45M	-7,340.32M	-2,100.86M	-2,892.94M	-3,851.34M	-5,078.57M	-3,283.80M	-2,766.64M	-2,560.70M	-2,326.94M	-1,553.49M	-1,798.12M	-2,139.83M	-2,253.41M	-1,819.79M	-2,269.35M	-1,221.22M	-331.88M	-220.17M
Unlevered Free Cash Flow	1,513,457.26M	13,749.66M	1,541,252.44M	3,312.87M	3,702.70M	4,501.91M	1,810.75M	1,563.46M	4,890.64M	2,002.28M	919.09M	-2,685.51M	1,118.70M	426.16M	1,864.27M	2,137.16M	2,184.06M	734.77M	159.93M
(-) Net Interest Income After Taxes	-1,210.99M	1,389.66M	-931.34M	-766.48M	-725.57M	-684.57M	-856.83M	-950.53M	-833.79M	-758.47M	-699.94M	-825.67M	-868.08M	-749.38M	-742.11M	-384.59M	-177.46M	-59.67M	-77.07M
Net Debt Issuance	-7,344.18M	0.00M	2,604.30M	4,940.20M	326.33M	945.88M	-1,343.96M	-1,772.90M	4,964.33M	1,635.89M	-819.52M	-1,863.81M	1,866.53M	943.12M	4,826.99M	5,500.88M	2,479.87M	397.45M	937.42M
Levered Free Cash Flow	1,507,324.06M	12,360.00M	1,544,788.08M	9,019.55M	4,754.60M	6,132.36M	1,323.62M	741.09M	10,688.77M	4,396.64M	799.52M	-3,723.65M	3,853.31M	2,118.66M	7,433.37M	8,022.62M	4,841.39M	1,191.88M	1,174.42M