CK Asset Holdings Limited (1113.HK)

Industry: Real Estate - Development Sector: Real Estate Currency Used: HK Live Price: $43.08

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Stock Price	30.63	40.95	51.78	51.38	43.00	58.85	59.80	65.03	47.98	57.35	74.10	74.10	74.10
Market Capitalization	107,611.36M	146,210.66M	187,744.12M	189,028.62M	158,816.22M	217,356.62M	221,033.79M	242,549.83M	184,569.43M	221,352.56M	286,002.18M	286,002.18M	286,002.18M
(-) Cash & Equivalents	33,744.00M	42,632.50M	58,070.50M	53,655.00M	59,188.00M	59,853.00M	55,109.00M	60,226.00M	55,214.50M	44,431.00M	6,471.25M	2,517.25M	3,224.00M
(+) Total Debt	59,550.50M	65,749.00M	60,504.00M	108,099.00M	93,323.50M	85,777.00M	65,364.00M	78,579.50M	63,696.50M	67,721.00M	375.00M	152.50M	153.75M
Enterprise Value	133,417.86M	169,327.16M	190,177.62M	243,472.62M	192,951.72M	243,280.62M	231,288.79M	260,903.33M	193,051.43M	244,642.56M	279,905.93M	283,637.43M	282,931.93M

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
Revenue	92,599M	122,713M	45,529M	47,243M	56,341M	62,094M	57,623M	87,470M	50,368M	57,546M	69,300M	57,280M	24,038M	17,011M	19,192M
Cost of Revenue	44,326M	59,528M	21,623M	22,118M	28,695M	29,426M	34,678M	50,953M	22,755M	26,503M	38,301M	32,944M	13,877M	8,011M	9,848M
Gross Profit	48,273M	63,185M	23,906M	25,125M	27,646M	32,668M	22,945M	36,517M	27,613M	31,043M	30,999M	24,336M	10,161M	9,000M	9,344M
Gross Profit Margin	52.1%	51.5%	52.5%	53.2%	49.1%	52.6%	39.8%	41.7%	54.8%	53.9%	44.7%	42.5%	42.3%	52.9%	48.7%
R&D Expenses	804M	2,968M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	22,790M	11,442M	13,827M	10,685M	9,830M	8,056M	6,967M	4,452M	3,873M	3,807M	3,990M	2,475M	525M	836M	971M
Operating Expenses	22,790M	16,376M	13,827M	10,685M	10,419M	8,717M	717M	896M	18,453M	5,386M	3,900M	154M	8,810M	1,825M	1,953M
Operating Income (EBIT)	25,483M	46,809M	10,079M	14,440M	17,227M	23,951M	22,228M	35,621M	9,160M	25,657M	27,099M	24,182M	1,351M	7,175M	7,391M
Operating Income Margin	27.5%	38.1%	22.1%	30.6%	30.6%	38.6%	38.6%	40.7%	18.2%	44.6%	39.1%	42.2%	5.6%	42.2%	38.5%
Interest Income	2,699M	2,968M	0M	0M	2,097M	2,926M	3,609M	3,797M	3,109M	1,698M	75M	31M	0M	0M	0M
Interest Expense	1,326M	3,064M	2,029M	1,583M	1,173M	0M	0M	2,023M	2,010M	1,894M	1,326M	1,387M	815M	776M	650M
Net Interest Income	1,373M	-96M	-2,029M	-1,583M	924M	2,926M	3,609M	1,774M	1,099M	-196M	-1,251M	-1,356M	-815M	-776M	-650M
Unusual Items	4,368M	-27,268M	6,784M	7,469M	4,532M	3,184M	-1,243M	-647M	38,916M	12,666M	1,326M	1,387M	18,404M	9,467M	11,572M
EBT Excluding Unusual Items	26,856M	46,713M	8,050M	12,857M	18,151M	26,877M	25,837M	37,395M	10,259M	25,461M	25,848M	22,826M	536M	6,399M	6,741M
Pre-Tax Income	31,224M	19,445M	14,834M	20,326M	22,683M	30,061M	24,594M	36,748M	49,175M	38,127M	27,174M	24,213M	18,940M	15,866M	18,313M
Pre-Tax Margin	33.7%	15.8%	32.6%	43.0%	40.3%	48.4%	42.7%	42.0%	97.6%	66.3%	39.2%	42.3%	78.8%	93.3%	95.4%
Income Tax Expense	4,052M	2,501M	1,100M	2,802M	2,860M	8,533M	7,395M	7,464M	7,541M	7,239M	7,365M	6,305M	1,624M	1,442M	1,250M
Net Income	27,112M	26,364M	13,942M	17,626M	21,966M	21,481M	16,832M	29,675M	40,657M	30,125M	19,415M	17,113M	17,068M	14,152M	16,930M
Net Income Margin	29.3%	21.5%	30.6%	37.3%	39.0%	34.6%	29.2%	33.9%	80.7%	52.3%	28.0%	29.9%	71.0%	83.2%	88.2%
Depreciation & Amortization	3,958M	29,164M	1,927M	1,927M	2,045M	2,186M	2,246M	2,192M	1,771M	1,573M	779M	508M	286M	301M	313M
EBITDA	29,441M	75,973M	12,006M	16,367M	19,272M	26,137M	24,474M	37,813M	10,931M	27,230M	27,878M	24,690M	1,637M	7,476M	7,704M
EBITDA Margin	31.8%	61.9%	26.4%	34.6%	34.2%	42.1%	42.5%	43.2%	21.7%	47.3%	40.2%	43.1%	6.8%	43.9%	40.1%
NOPAT	22,176M	40,788M	9,332M	12,449M	15,055M	17,152M	15,544M	28,386M	7,755M	20,786M	19,754M	17,885M	1,235M	6,523M	6,887M
NOPAT Margin	23.9%	33.2%	20.5%	26.4%	26.7%	27.6%	27.0%	32.5%	15.4%	36.1%	28.5%	31.2%	5.1%	38.3%	35.9%
Owner's Earnings	26,391M	49,880M	13,593M	17,150M	21,551M	20,479M	17,754M	27,644M	37,394M	27,963M	12,514M	17,198M	17,076M	14,298M	17,163M
Owner's Earnings Margin	28.5%	40.6%	29.9%	36.3%	38.3%	33.0%	30.8%	31.6%	74.2%	48.6%	18.1%	30.0%	71.0%	84.1%	89.4%
EPS (Basic)	7.62	7.30	3.89	4.86	5.55	5.78	4.42	7.89	11.00	8.07	5.05	4.43	4.42	3.67	4.39
EPS (Diluted)	7.68	7.28	3.97	4.94	6.05	5.84	4.56	8.03	11.00	8.07	5.05	4.43	4.42	3.67	4.39
Shares (Basic)	3,519M	3,621M	3,514M	3,571M	3,628M	3,677M	3,693M	3,693M	3,696M	3,732M	3,847M	3,860M	3,860M	3,860M	3,860M
Shares (Diluted)	3,530M	3,621M	3,514M	3,571M	3,628M	3,677M	3,693M	3,693M	3,696M	3,732M	3,847M	3,860M	3,860M	3,860M	3,860M

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
Cash & Cash Equivalents	33,005.00M	36,069.00M	36,069.00M	41,445.00M	57,402.00M	63,365.00M	59,519.00M	60,304.00M	55,417.00M	54,369.00M	61,530.00M	44,540.00M	10,354.00M	10,069.00M	12,896.00M
Short-Term Investments	0.00M	0.00M	0.00M	1,036.00M	3,796.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	248.00M	0.00M	0.00M
Cash & Short-Term Investments	33,005.00M	36,069.00M	36,069.00M	42,481.00M	61,198.00M	63,365.00M	59,519.00M	60,304.00M	55,417.00M	54,369.00M	61,530.00M	44,540.00M	10,602.00M	10,069.00M	12,896.00M
Net Receivables	10,763.00M	4,285.00M	4,285.00M	2,393.00M	3,684.00M	4,991.00M	3,797.00M	2,959.00M	21,564.00M	1,870.00M	14,274.00M	9,359.00M	1,549.00M	1,512.00M	3,121.00M
Inventory	131,781.00M	129,776.00M	129,776.00M	130,101.00M	136,446.00M	127,482.00M	121,737.00M	121,930.00M	143,373.00M	135,589.00M	137,548.00M	153,301.00M	73,259.00M	79,815.00M	80,116.00M
Other Current Assets	0.00M	2,171.00M	2,171.00M	7,491.00M	2,991.00M	33,225.00M	3,368.00M	1,306.00M	18,864.00M	3,954.00M	2,690.00M	2,751.00M	1,223.00M	988.00M	0.00M
Total Current Assets	175,549.00M	172,301.00M	172,301.00M	182,466.00M	204,319.00M	229,063.00M	188,421.00M	186,499.00M	239,218.00M	195,782.00M	216,042.00M	209,951.00M	86,633.00M	92,384.00M	96,133.00M
Property, Plant & Equipment	76,013.00M	220,917.00M	220,917.00M	73,027.00M	70,267.00M	76,444.00M	95,101.00M	97,519.00M	161,138.00M	171,335.00M	159,001.00M	138,573.00M	43,213.00M	94.00M	126.00M
Goodwill	2,791.00M	2,516.00M	2,516.00M	2,573.00M	4,308.00M	4,609.00M	6,655.00M	6,492.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	4,308.00M	4,609.00M	6,655.00M	6,492.00M	21,564.00M	1,870.00M	14,274.00M	9,359.00M	0.00M	0.00M	0.00M
Long-Term Investments	101,022.00M	90,542.00M	90,542.00M	99,499.00M	103,329.00M	104,929.00M	91,315.00M	87,493.00M	84,056.00M	79,401.00M	21,473.00M	17,587.00M	53,069.00M	50,777.00M	0.00M
Tax Assets	0.00M	0.00M	0.00M	2,677.00M	2,522.00M	2,853.00M	3,102.00M	2,688.00M	3,134.00M	2,720.00M	1,843.00M	2,256.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	160,221.00M	11,889.00M	11,889.00M	148,643.00M	108,530.00M	120,066.00M	114,094.00M	106,563.00M	-245,194.00M	-250,736.00M	-180,474.00M	-156,160.00M	-96,282.00M	38,763.00M	91,291.00M
Other Assets	0.00M	0.00M	0.00M	508,885.00M	11,678.00M	9,080.00M	11,046.00M	10,295.00M	9,826.00M	5,625.00M	3,558.00M	4,148.00M	301.00M	0.00M	0.00M
Total Non-Current Assets	340,047.00M	325,864.00M	325,864.00M	835,304.00M	304,942.00M	322,590.00M	327,968.00M	317,542.00M	34,524.00M	10,215.00M	19,675.00M	15,763.00M	301.00M	89,634.00M	91,417.00M
Total Assets	515,596.00M	498,165.00M	498,165.00M	1,017,770.00M	509,261.00M	551,653.00M	516,389.00M	504,041.00M	273,742.00M	205,997.00M	235,717.00M	225,714.00M	86,934.00M	182,018.00M	187,550.00M
Accounts Payable	18,303.00M	3,715.00M	3,715.00M	4,176.00M	14,207.00M	5,201.00M	4,571.00M	5,494.00M	5,049.00M	4,924.00M	5,865.00M	5,056.00M	1,618.00M	1,082.00M	2,575.00M
Short-Term Debt	10,966.00M	11,139.00M	11,139.00M	17,799.00M	2,435.00M	28,812.00M	22,887.00M	6,841.00M	1,829.00M	14,342.00M	4,378.00M	5,772.00M	250.00M	0.00M	300.00M
Tax Payables	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 Revenue	0.00M	0.00M	0.00M	0.00M	-2,715.00M	-29,226.00M	0.00M	-7,174.00M	-1,829.00M	35,680.00M	19,527.00M	-5,772.00M	-250.00M	-46,803.00M	95,222.00M
Other Current Liabilities	13,501.00M	26,210.00M	26,210.00M	16,092.00M	26,613.00M	58,403.00M	28,994.00M	28,465.00M	36,996.00M	7,675.00M	2,456.00M	16,070.00M	78,044.00M	54,740.00M	10,317.00M
Total Current Liabilities	42,770.00M	41,064.00M	41,064.00M	38,067.00M	40,540.00M	63,190.00M	56,452.00M	33,626.00M	42,045.00M	62,621.00M	32,226.00M	21,126.00M	79,662.00M	9,019.00M	108,414.00M
Long-Term Debt	43,385.00M	41,577.00M	41,577.00M	37,070.00M	46,102.00M	67,656.00M	55,006.00M	84,911.00M	79,333.00M	57,650.00M	65,798.00M	55,217.00M	350.00M	610.00M	315.00M
Capital Lease Obligations	5,039.00M	4,916.00M	4,916.00M	5,851.00M	5,276.00M	6,099.00M	6,980.00M	6,636.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	14,782.00M	13,791.00M	13,791.00M	14,041.00M	13,940.00M	15,974.00M	14,938.00M	13,836.00M	12,474.00M	11,655.00M	10,824.00M	10,096.00M	999.00M	966.00M	805.00M
Other Non-Current Liabilities	2,786.00M	233.00M	233.00M	983.00M	14,756.00M	18,166.00M	5,738.00M	0.00M	-24,099.00M	-11,655.00M	-10,824.00M	-10,096.00M	-999.00M	0.00M	0.00M
Total Non-Current Liabilities	65,992.00M	60,517.00M	60,517.00M	57,945.00M	80,074.00M	107,895.00M	82,662.00M	105,383.00M	67,708.00M	57,650.00M	65,798.00M	55,217.00M	350.00M	1,576.00M	1,120.00M
Total Liabilities	108,762.00M	101,581.00M	101,581.00M	96,012.00M	120,614.00M	171,085.00M	139,114.00M	139,009.00M	109,753.00M	120,271.00M	98,024.00M	76,343.00M	80,012.00M	10,595.00M	109,534.00M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	71,336.00M	69,878.00M	71,184.00M	66,153.00M	0.00M	0.00M	0.00M
Common Stock	3,500.00M	3,500.00M	3,500.00M	3,549.00M	3,605.00M	3,644.00M	3,694.00M	3,694.00M	3,694.00M	3,698.00M	3,824.00M	3,860.00M	93.00M	93.00M	93.00M
Retained Earnings	226,028.00M	155,425.00M	155,425.00M	149,286.00M	209,022.00M	195,636.00M	110,926.00M	170,910.00M	149,217.00M	115,555.00M	88,380.00M	74,438.00M	89,879.00M	78,378.00M	71,673.00M
Accumulated OCI	-60,327.00M	-4,221.00M	-4,221.00M	-1,513.00M	-61,564.00M	-59,098.00M	-1,926.00M	-72,296.00M	-71,336.00M	-69,878.00M	-71,184.00M	-66,153.00M	6,282.00M	-837.00M	-795.00M
Minority Interest	4,662.00M	4,596.00M	4,596.00M	5,663.00M	6,147.00M	7,118.00M	6,379.00M	5,309.00M	5,838.00M	5,958.00M	6,075.00M	6,591.00M	2,817.00M	3,059.00M	3,065.00M
Total Shareholders’ Equity	169,201.00M	154,704.00M	154,704.00M	151,322.00M	151,063.00M	140,182.00M	112,694.00M	102,308.00M	152,911.00M	119,253.00M	92,204.00M	78,298.00M	96,254.00M	77,634.00M	70,971.00M
Total Equity	173,863.00M	159,300.00M	159,300.00M	156,985.00M	157,210.00M	147,300.00M	119,073.00M	107,617.00M	158,749.00M	125,211.00M	98,279.00M	84,889.00M	99,071.00M	80,693.00M	74,036.00M
Total Liabilities & Equity	282,625.00M	260,881.00M	260,881.00M	252,997.00M	277,824.00M	318,385.00M	258,187.00M	246,626.00M	268,502.00M	245,482.00M	196,303.00M	161,232.00M	179,083.00M	91,288.00M	183,570.00M
Tangible Assets	512,805.00M	495,649.00M	495,649.00M	1,015,197.00M	500,645.00M	542,435.00M	503,079.00M	491,057.00M	252,178.00M	204,127.00M	221,443.00M	216,355.00M	86,934.00M	182,018.00M	187,550.00M
Tangible Equity	171,072.00M	156,784.00M	156,784.00M	154,412.00M	148,594.00M	138,082.00M	105,763.00M	94,633.00M	137,185.00M	123,341.00M	84,005.00M	75,530.00M	99,071.00M	80,693.00M	74,036.00M
Tangible Book Value	171,072.00M	156,784.00M	156,784.00M	154,412.00M	148,594.00M	138,082.00M	105,763.00M	94,633.00M	137,185.00M	123,341.00M	84,005.00M	75,530.00M	99,071.00M	80,693.00M	74,036.00M
Total Investments	101,022.00M	90,542.00M	90,542.00M	100,535.00M	107,125.00M	104,929.00M	91,315.00M	87,493.00M	84,056.00M	79,401.00M	21,473.00M	17,587.00M	53,317.00M	50,777.00M	51,417.00M
Net Debt	21,346.00M	16,647.00M	16,647.00M	13,424.00M	-8,865.00M	33,103.00M	18,374.00M	31,448.00M	25,745.00M	17,623.00M	8,646.00M	16,449.00M	-9,754.00M	-9,459.00M	-12,281.00M

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
Working Capital	132,779.0M	134,585.0M	134,585.0M	130,666.0M	154,899.0M	155,606.0M	121,912.0M	140,757.0M	166,478.0M	123,572.0M	169,047.0M	174,870.0M	3,837.0M	1,096.0M	-8,620.0M
Total Capital	461,562.0M	453,236.0M	453,236.0M	446,564.0M	449,582.0M	490,067.0M	440,176.0M	442,974.0M	416,352.0M	372,542.0M	335,997.0M	318,313.0M	96,854.0M	86,705.0M	79,227.0M
Capital Employed	472,826.0M	460,449.0M	460,449.0M	457,085.0M	459,841.0M	478,196.0M	449,880.0M	458,299.0M	421,498.0M	379,933.0M	353,079.0M	335,178.0M	100,420.0M	90,730.0M	82,797.0M
Invested Capital	428,557.0M	417,167.0M	417,167.0M	405,119.0M	392,180.0M	426,702.0M	380,657.0M	382,670.0M	360,935.0M	318,173.0M	274,467.0M	273,773.0M	86,500.0M	76,636.0M	66,331.0M

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
Net Income	27,253.00M	42,427.00M	14,834.00M	17,340.00M	19,627.00M	20,824.00M	15,742.00M	29,134.00M	40,657.00M	30,460.00M	19,415.00M	17,113.00M	17,068.00M	15,866.00M	18,313.00M
Depreciation & Amortization	2,970.00M	3,469.00M	1,926.00M	1,927.00M	2,045.00M	2,186.00M	2,246.00M	2,192.00M	1,771.00M	1,573.00M	779.00M	508.00M	286.00M	301.00M	313.00M
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	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	0.00M
Change in Working Capital	535.00M	0.00M	-17.00M	-14,598.00M	-11,301.00M	274.00M	2,774.00M	8,736.00M	-9,249.00M	14,357.00M	10,282.00M	8,119.00M	7,749.00M	-82.00M	-7,711.00M
Accounts Receivable	467.00M	0.00M	964.00M	-277.00M	458.00M	5,777.00M	-4,804.00M	5,906.00M	548.00M	7,434.00M	-113.00M	-6,118.00M	773.00M	-276.00M	0.00M
Inventory	-388.00M	0.00M	-238.00M	-150.00M	-14,308.00M	-5,330.00M	3,674.00M	21,036.00M	-9,797.00M	6,923.00M	10,395.00M	14,237.00M	6,976.00M	846.00M	-10,715.00M
Accounts Payable	0.00M	0.00M	-3,509.00M	-15,535.00M	14,318.00M	4,957.00M	-2,095.00M	1,216.00M	80.00M	1,786.00M	2,618.00M	1,446.00M	0.00M	276.00M	0.00M
Other Working Capital	456.00M	0.00M	2,766.00M	1,364.00M	-11,769.00M	-5,130.00M	5,999.00M	-19,422.00M	-80.00M	-1,786.00M	-2,618.00M	-1,446.00M	-235.00M	-652.00M	3,004.00M
Other Non-Cash Items	-9,970.00M	-7,993.00M	-4,878.00M	-4,291.00M	-3,680.00M	1,866.00M	2,443.00M	1,162.00M	-19,212.00M	3,200.00M	8,492.00M	-7,822.00M	-11,479.00M	-12,316.00M	-14,317.00M
Net Cash from Operating Activities	20,788.00M	30,965.00M	11,865.00M	378.00M	6,691.00M	25,150.00M	23,205.00M	41,224.00M	13,967.00M	49,590.00M	38,968.00M	17,918.00M	13,624.00M	3,769.00M	-3,402.00M
Capital Expenditures (PPE)	-2,403.00M	-5,648.00M	-2,276.00M	-2,403.00M	-2,460.00M	-3,188.00M	-1,324.00M	-4,223.00M	-5,034.00M	-3,735.00M	-7,680.00M	-423.00M	-278.00M	-155.00M	-80.00M
Acquisitions (Net)	2,332.00M	38,668.00M	-1,804.00M	-4,592.00M	38,885.00M	-217.00M	1,202.00M	-24,776.00M	710.00M	5,023.00M	-90.00M	-2,732.00M	3,213.00M	1,438.00M	1,335.00M
Purchases of Investments	-4,693.00M	-7,060.00M	-691.00M	-78.00M	-4,169.00M	-3,320.00M	-8,820.00M	-934.00M	-25,407.00M	-57,468.00M	-6,026.00M	-143.00M	0.00M	0.00M	-75.00M
Sales / Maturities of Investments	0.00M	24,689.00M	0.00M	947.00M	24,618.00M	71.00M	276.00M	2,180.00M	36,831.00M	119.00M	6,116.00M	3,252.00M	0.00M	0.00M	1,065.00M
Other Investing Activities	-11,362.00M	1,811.00M	320.00M	2,105.00M	-12,175.00M	0.00M	0.00M	10,230.00M	-7,905.00M	928.00M	1,000.00M	8,809.00M	191.00M	5,620.00M	776.00M
Net Cash from Investing Activities	-16,126.00M	40,285.00M	-4,451.00M	-4,021.00M	44,699.00M	-6,654.00M	-8,666.00M	-17,523.00M	-805.00M	-55,133.00M	-12,796.00M	8,763.00M	3,126.00M	6,903.00M	3,021.00M
Net Debt Issuance	-894.00M	-51,205.00M	-848.00M	1,463.00M	-44,907.00M	9,722.00M	-3,596.00M	-11,953.00M	-1,765.00M	975.00M	1,613.00M	45,951.00M	-10.00M	-5.00M	5,161.00M
Long-Term Debt Issuance	-122.00M	-51,205.00M	-848.00M	1,463.00M	-45,251.00M	10,273.00M	-3,662.00M	-12,078.00M	-1,765.00M	975.00M	1,613.00M	45,951.00M	-9,194.00M	-12,017.00M	5,161.00M
Short-Term Debt Issuance	-772.00M	0.00M	0.00M	1,463.00M	344.00M	-551.00M	66.00M	125.00M	0.00M	0.00M	0.00M	0.00M	9,184.00M	12,012.00M	0.00M
Net Stock Issuance	-2,265.00M	-3,833.00M	-1,551.00M	-1,969.00M	-2,470.00M	-19,543.00M	-11,670.00M	0.00M	-232.00M	-7,002.00M	-1,772.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Issuance	-11.00M	-102.00M	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 Repurchased	-2,254.00M	-4,282.00M	-1,551.00M	-1,969.00M	-2,470.00M	-19,543.00M	-11,670.00M	0.00M	-232.00M	-7,002.00M	-1,772.00M	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
Net Dividends Paid	-13,590.00M	-16,218.00M	-7,053.00M	-8,171.00M	-8,080.00M	-6,886.00M	-7,091.00M	-7,203.00M	-6,471.00M	-5,844.00M	-5,499.00M	-32,505.00M	-5,567.00M	-7,447.00M	0.00M
Common Dividends Paid	-13,876.00M	-16,218.00M	-7,053.00M	-8,171.00M	-8,080.00M	-7,111.00M	-7,627.00M	-7,203.00M	-6,471.00M	-5,844.00M	-5,499.00M	-32,505.00M	-5,567.00M	-7,447.00M	0.00M
Preferred Dividends Paid	286.00M	0.00M	0.00M	0.00M	0.00M	225.00M	536.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-829.00M	1,045.00M	-4,187.00M	-3,312.00M	-410.00M	1,484.00M	5,913.00M	-664.00M	-3,289.00M	8,850.00M	-1,902.00M	-5,098.00M	-10,888.00M	-4,565.00M	-1,240.00M
Net Cash from Financing Activities	-17,578.00M	-69,666.00M	-13,639.00M	-11,989.00M	-55,867.00M	-15,223.00M	-16,444.00M	-19,820.00M	-11,757.00M	-3,021.00M	-7,560.00M	8,348.00M	-16,465.00M	-13,499.00M	3,921.00M
Effect of FX on Cash	765.00M	-120,155.00M	-579.00M	-39.00M	-1,486.00M	573.00M	1,120.00M	-302.00M	-357.00M	1,403.00M	-1,622.00M	-843.00M	0.00M	0.00M	0.00M
Net Change in Cash	21,964.00M	-125.00M	-6,804.00M	-15,671.00M	-5,963.00M	3,846.00M	-785.00M	3,579.00M	1,048.00M	-7,161.00M	16,990.00M	34,186.00M	285.00M	-2,827.00M	3,540.00M
Cash at Beginning of Period	116,684.00M	223,451.00M	40,986.00M	56,657.00M	63,365.00M	59,519.00M	60,304.00M	56,725.00M	54,369.00M	61,530.00M	44,540.00M	10,354.00M	10,069.00M	12,896.00M	9,356.00M
Cash at End of Period	138,139.00M	223,326.00M	34,182.00M	40,986.00M	57,402.00M	63,365.00M	59,519.00M	60,304.00M	55,417.00M	54,369.00M	61,530.00M	44,540.00M	10,354.00M	10,069.00M	12,896.00M
Operating Cash Flow	20,788.00M	30,965.00M	11,813.00M	1,044.00M	6,691.00M	25,150.00M	23,205.00M	41,224.00M	13,967.00M	49,590.00M	38,968.00M	17,918.00M	13,624.00M	3,769.00M	-3,402.00M
Capital Expenditure	-4,679.00M	-5,648.00M	-2,276.00M	-2,403.00M	-2,460.00M	-3,188.00M	-1,324.00M	-4,223.00M	-5,034.00M	-3,735.00M	-7,680.00M	-423.00M	-278.00M	-155.00M	-80.00M
Free Cash Flow	16,109.00M	25,317.00M	9,589.00M	-1,359.00M	4,231.00M	21,962.00M	21,881.00M	37,001.00M	8,933.00M	45,855.00M	31,288.00M	17,495.00M	13,346.00M	3,614.00M	-3,482.00M

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
EBITDA	28,637.00M	77,939.00M	12,006.00M	16,367.00M	19,861.00M	26,798.00M	18,224.00M	34,257.00M	25,511.00M	28,809.00M	27,788.00M	22,369.00M	9,922.00M	8,465.00M	8,686.00M
(-) Tax Adjustment	3,716.28M	10,024.45M	890.29M	2,256.24M	2,504.19M	7,606.78M	5,479.65M	6,958.05M	3,912.12M	5,469.83M	7,531.41M	5,824.83M	850.76M	769.35M	592.88M
(-) Change In Working Capital	535.00M	0.00M	-17.00M	-14,598.00M	-11,301.00M	274.00M	2,774.00M	8,736.00M	-9,249.00M	14,357.00M	10,282.00M	8,119.00M	7,749.00M	-82.00M	-7,711.00M
(-) Capital Expenditure	-4,679.00M	-5,648.00M	-2,276.00M	-2,403.00M	-2,460.00M	-3,188.00M	-1,324.00M	-4,223.00M	-5,034.00M	-3,735.00M	-7,680.00M	-423.00M	-278.00M	-155.00M	-80.00M
Unlevered Free Cash Flow	19,706.72M	62,266.55M	8,856.71M	26,305.76M	26,197.81M	15,729.22M	8,646.35M	14,339.95M	25,813.88M	5,247.17M	2,294.59M	8,002.17M	1,044.24M	7,622.65M	15,724.12M
(-) Net Interest Income After Taxes	1,194.82M	-83.65M	-1,878.54M	-1,364.78M	807.50M	2,095.44M	2,523.83M	1,413.68M	930.47M	-158.79M	-911.94M	-1,002.90M	-745.12M	-705.47M	-605.63M
Net Debt Issuance	-894.00M	-51,205.00M	-848.00M	1,463.00M	-44,907.00M	9,722.00M	-3,596.00M	-11,953.00M	-1,765.00M	975.00M	1,613.00M	45,951.00M	-10.00M	-5.00M	5,161.00M
Levered Free Cash Flow	17,617.90M	11,145.20M	9,887.25M	29,133.54M	-19,516.68M	23,355.79M	2,526.52M	973.28M	23,118.41M	6,380.95M	4,819.53M	54,956.07M	1,779.36M	8,323.12M	21,490.75M