S.A.S. Dragon Holdings Limited (1184.HK)

Industry: Technology Distributors Sector: Technology Currency Used: HK Live Price: $4.43

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	4.07	3.37	3.88	4.23	2.64	2.51	2.48	2.43	1.41	1.80	2.28	1.50	0.82	0.94	0.89	0.53	0.41	0.67	0.42	0.41	0.42	0.31	0.28
Market Capitalization	2,544.03M	2,109.07M	2,428.25M	2,644.16M	1,649.08M	1,570.85M	1,552.08M	1,515.45M	877.27M	1,123.81M	1,346.99M	851.67M	429.91M	492.82M	464.65M	273.76M	211.48M	333.72M	202.58M	198.93M	200.18M	141.55M	130.66M
(-) Cash & Equivalents	1,984.45M	3,106.98M	1,684.20M	1,952.94M	1,209.84M	1,091.32M	976.21M	555.08M	668.60M	627.14M	781.23M	590.12M	412.14M	482.99M	319.04M	130.74M	59.63M	89.75M	112.85M	50.73M	22.34M	14.47M	10.23M
(+) Total Debt	2,088.10M	1,787.21M	2,833.26M	2,862.66M	2,624.93M	2,393.54M	3,305.90M	3,348.54M	2,052.78M	1,715.23M	1,590.73M	1,119.08M	888.16M	744.34M	577.59M	302.44M	249.14M	342.05M	302.33M	288.62M	186.87M	177.46M	77.94M
Enterprise Value	2,647.67M	789.30M	3,577.31M	3,553.89M	3,064.17M	2,873.07M	3,881.77M	4,308.90M	2,261.45M	2,211.90M	2,156.49M	1,380.64M	905.93M	754.18M	723.19M	445.47M	401.00M	586.02M	392.05M	436.81M	364.71M	304.54M	198.36M

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	53,438M	52,369M	27,757M	22,371M	24,969M	35,298M	20,164M	18,403M	25,274M	19,462M	10,340M	11,262M	10,605M	10,798M	6,528M	5,553M	4,378M	3,520M	3,015M	3,500M	2,301M	2,454M	2,407M	1,848M	1,359M
Cost of Revenue	50,813M	49,644M	26,327M	21,054M	23,683M	33,711M	19,294M	17,506M	24,350M	18,652M	9,858M	10,834M	10,200M	10,355M	6,244M	5,290M	4,118M	3,339M	2,865M	3,298M	2,145M	2,287M	2,250M	1,728M	1,252M
Gross Profit	2,625M	2,725M	1,430M	1,316M	1,285M	1,586M	871M	897M	924M	810M	481M	428M	405M	443M	284M	263M	260M	181M	150M	202M	156M	167M	157M	120M	107M
Gross Profit Margin	4.9%	5.2%	5.2%	5.9%	5.1%	4.5%	4.3%	4.9%	3.7%	4.2%	4.7%	3.8%	3.8%	4.1%	4.3%	4.7%	5.9%	5.2%	5.0%	5.8%	6.8%	6.8%	6.5%	6.5%	7.9%
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	780M	866M	391M	402M	431M	457M	367M	415M	410M	383M	278M	260M	213M	218M	201M	185M	171M	135M	169M	146M	88M	0M	98M	74M	71M
Operating Expenses	950M	866M	393M	411M	428M	457M	367M	408M	317M	303M	193M	275M	162M	172M	201M	181M	143M	121M	150M	114M	84M	94M	92M	78M	80M
Operating Income (EBIT)	1,675M	1,859M	1,037M	905M	857M	1,130M	504M	489M	607M	507M	288M	153M	243M	271M	82M	82M	117M	60M	1M	88M	73M	73M	65M	43M	27M
Operating Income Margin	3.1%	3.5%	3.7%	4.0%	3.4%	3.2%	2.5%	2.7%	2.4%	2.6%	2.8%	1.4%	2.3%	2.5%	1.3%	1.5%	2.7%	1.7%	0.0%	2.5%	3.2%	3.0%	2.7%	2.3%	2.0%
Interest Income	60M	31M	18M	49M	4M	4M	6M	9M	10M	8M	3M	1M	0M	0M	0M	0M	0M	0M	0M	0M	7M	0M	0M	1M	0M
Interest Expense	146M	112M	69M	86M	56M	34M	49M	85M	157M	94M	37M	30M	24M	21M	15M	13M	8M	7M	21M	37M	45M	22M	13M	14M	14M
Net Interest Income	-87M	-81M	-50M	-38M	-52M	-30M	-43M	-76M	-148M	-86M	-34M	-30M	-24M	-21M	-15M	-13M	-8M	-7M	-21M	-37M	-38M	-22M	-13M	-13M	-14M
Unusual Items	-137M	-142M	-182M	-151M	-126M	10M	-41M	-14M	1M	3M	3M	3M	0M	0M	55M	56M	0M	15M	1M	11M	-7M	0M	0M	3M	3M
EBT Excluding Unusual Items	1,588M	1,778M	987M	867M	805M	1,099M	461M	413M	459M	421M	254M	123M	219M	250M	67M	69M	110M	53M	-20M	52M	35M	51M	52M	30M	13M
Pre-Tax Income	1,451M	1,636M	805M	716M	679M	1,109M	419M	399M	460M	424M	257M	126M	219M	250M	122M	125M	110M	68M	-19M	63M	28M	51M	52M	32M	16M
Pre-Tax Margin	2.7%	3.1%	2.9%	3.2%	2.7%	3.1%	2.1%	2.2%	1.8%	2.2%	2.5%	1.1%	2.1%	2.3%	1.9%	2.2%	2.5%	1.9%	-0.6%	1.8%	1.2%	2.1%	2.2%	1.8%	1.1%
Income Tax Expense	241M	264M	133M	131M	115M	184M	70M	87M	90M	68M	33M	28M	33M	36M	14M	13M	17M	8M	-2M	10M	5M	8M	8M	5M	1M
Net Income	897M	958M	501M	404M	400M	713M	262M	236M	313M	303M	202M	81M	145M	172M	91M	108M	80M	52M	-18M	45M	22M	43M	35M	24M	12M
Net Income Margin	1.7%	1.8%	1.8%	1.8%	1.6%	2.0%	1.3%	1.3%	1.2%	1.6%	2.0%	0.7%	1.4%	1.6%	1.4%	1.9%	1.8%	1.5%	-0.6%	1.3%	1.0%	1.7%	1.5%	1.3%	0.9%
Depreciation & Amortization	74M	93M	36M	45M	46M	47M	61M	50M	22M	16M	16M	17M	17M	17M	16M	15M	14M	14M	13M	12M	11M	9M	10M	11M	11M
EBITDA	1,749M	1,952M	1,074M	950M	903M	1,177M	565M	539M	629M	523M	304M	170M	260M	288M	99M	97M	131M	74M	14M	100M	84M	82M	75M	53M	38M
EBITDA Margin	3.3%	3.7%	3.9%	4.2%	3.6%	3.3%	2.8%	2.9%	2.5%	2.7%	2.9%	1.5%	2.4%	2.7%	1.5%	1.7%	3.0%	2.1%	0.5%	2.9%	3.6%	3.3%	3.1%	2.9%	2.8%
NOPAT	1,397M	1,559M	866M	740M	712M	942M	420M	382M	488M	426M	252M	119M	206M	232M	73M	73M	99M	53M	1M	74M	59M	61M	55M	36M	25M
NOPAT Margin	2.6%	3.0%	3.1%	3.3%	2.9%	2.7%	2.1%	2.1%	1.9%	2.2%	2.4%	1.1%	1.9%	2.1%	1.1%	1.3%	2.3%	1.5%	0.0%	2.1%	2.6%	2.5%	2.3%	1.9%	1.8%
Owner's Earnings	965M	1,025M	534M	443M	430M	750M	302M	276M	119M	198M	168M	-281M	134M	158M	69M	104M	60M	59M	-18M	-4M	-1M	7M	39M	24M	12M
Owner's Earnings Margin	1.8%	2.0%	1.9%	2.0%	1.7%	2.1%	1.5%	1.5%	0.5%	1.0%	1.6%	-2.5%	1.3%	1.5%	1.1%	1.9%	1.4%	1.7%	-0.6%	-0.1%	-0.1%	0.3%	1.6%	1.3%	0.9%
EPS (Basic)	1.43	1.53	0.80	0.65	0.64	1.14	0.42	0.38	0.50	0.49	0.32	0.13	0.24	0.33	0.17	0.19	0.15	0.10	-0.04	0.09	0.04	0.08	0.07	0.05	0.03
EPS (Diluted)	1.43	1.53	0.80	0.65	0.64	1.14	0.42	0.38	0.50	0.48	0.32	0.13	0.24	0.31	0.17	0.21	0.15	0.10	-0.03	0.09	0.05	0.09	0.07	0.05	0.03
Shares (Basic)	626M	626M	626M	626M	626M	626M	626M	626M	626M	625M	624M	624M	598M	545M	524M	524M	522M	519M	519M	498M	485M	485M	469M	460M	461M
Shares (Diluted)	626M	626M	626M	626M	626M	626M	626M	626M	626M	625M	624M	624M	598M	560M	524M	524M	522M	519M	519M	498M	485M	485M	469M	460M	461M

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	4,507.01M	2,927.07M	2,927.07M	1,580.15M	1,471.25M	1,784.34M	1,192.58M	1,149.46M	932.64M	583.20M	606.19M	658.13M	803.07M	614.99M	433.20M	648.86M	421.82M	261.48M	119.26M	179.50M	225.71M	101.47M	44.67M	28.94M	30.70M
Short-Term Investments	95.37M	126.94M	126.94M	89.37M	70.01M	105.07M	31.67M	14.96M	7.20M	0.64M	25.96M	25.55M	15.90M	16.66M	54.79M	113.74M	65.21M	57.13M	39.91M	33.26M	12.03M	0.00M	2.60M	0.00M	0.00M
Cash & Short-Term Investments	4,602.38M	3,054.01M	3,054.01M	1,669.51M	1,541.26M	1,889.42M	1,224.25M	1,164.42M	939.84M	583.84M	632.15M	683.68M	818.97M	631.65M	487.98M	762.60M	487.03M	318.61M	159.17M	212.76M	237.73M	101.47M	47.27M	28.94M	30.70M
Net Receivables	2,505.32M	2,944.04M	2,944.04M	3,094.63M	2,831.63M	3,066.60M	2,667.08M	1,936.86M	2,348.49M	2,997.75M	1,554.00M	1,216.51M	1,431.23M	943.59M	794.44M	491.69M	445.09M	475.32M	289.20M	470.30M	387.11M	527.42M	453.20M	465.15M	0.00M
Inventory	2,092.58M	3,061.62M	3,061.62M	1,780.17M	2,398.33M	2,654.07M	1,801.01M	841.59M	1,589.32M	1,232.93M	1,109.78M	668.78M	859.60M	660.78M	659.45M	397.05M	379.24M	393.99M	370.78M	504.60M	269.39M	278.62M	255.16M	217.56M	173.18M
Other Current Assets	84.39M	66.91M	66.91M	-29.27M	13.75M	26.24M	-14.88M	40.73M	85.45M	55.96M	114.98M	133.08M	97.60M	65.21M	19.18M	0.00M	13.18M	15.96M	11.66M	0.00M	0.00M	0.00M	0.00M	38.84M	12.45M
Total Current Assets	9,284.67M	9,126.58M	9,126.58M	6,515.04M	6,784.97M	7,636.33M	5,677.46M	3,983.60M	4,963.10M	4,870.48M	3,410.91M	2,702.04M	3,207.40M	2,301.22M	1,961.05M	1,651.34M	1,324.55M	1,203.88M	830.81M	1,187.66M	894.23M	907.51M	755.64M	750.49M	216.34M
Property, Plant & Equipment	532.14M	544.93M	544.93M	511.62M	553.30M	586.42M	621.50M	700.16M	707.87M	525.74M	415.47M	395.10M	150.48M	195.72M	189.66M	154.15M	159.58M	142.54M	156.05M	145.63M	222.71M	195.20M	80.43M	140.60M	138.60M
Goodwill	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	15.05M	16.42M	16.42M	20.39M	20.39M	17.83M	16.42M	16.42M	16.42M	1.37M	1.37M	1.37M	3.04M	4.60M
Intangible Assets	16.93M	17.00M	17.00M	17.11M	14.48M	14.48M	15.32M	1.97M	6.10M	7.25M	9.93M	3.28M	3.28M	3.28M	12.39M	3.28M	3.28M	3.28M	3.28M	3.47M	3.01M	3.01M	4.46M	4.46M	4.11M
Long-Term Investments	14.48M	13.51M	13.51M	708.23M	751.09M	886.81M	944.54M	868.98M	87.96M	154.45M	134.03M	39.80M	75.79M	51.48M	-19.95M	-99.33M	-47.50M	-49.37M	-31.85M	-24.40M	-6.36M	0.00M	2.85M	0.00M	0.00M
Tax Assets	9.16M	10.10M	10.10M	8.66M	9.48M	9.60M	8.79M	7.78M	7.47M	6.39M	6.51M	5.41M	5.28M	4.49M	3.40M	263.84M	201.14M	170.01M	160.42M	168.81M	12.03M	0.00M	0.17M	0.17M	0.00M
Other Non-Current Assets	514.80M	507.60M	507.60M	0.00M	0.00M	0.00M	0.00M	4.48M	-7.47M	-6.39M	-6.51M	-5.41M	-5.28M	-4.49M	241.69M	9.79M	-0.08M	-0.08M	-1.10M	-1.88M	24.58M	44.19M	60.60M	2.68M	8.34M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	801.62M	636.01M	557.19M	445.30M	311.02M	219.83M	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	1,087.52M	1,093.14M	1,093.14M	1,245.61M	1,328.35M	1,497.31M	1,590.15M	1,583.36M	1,603.56M	1,323.45M	1,116.62M	898.52M	556.98M	486.72M	447.57M	352.13M	334.25M	282.80M	303.20M	308.04M	257.33M	243.77M	149.88M	150.94M	155.65M
Total Assets	10,372.19M	10,219.72M	10,219.72M	7,760.65M	8,113.32M	9,133.64M	7,267.61M	5,566.96M	6,566.65M	6,193.93M	4,527.53M	3,600.57M	3,764.38M	2,787.94M	2,408.62M	2,003.46M	1,658.79M	1,486.67M	1,134.02M	1,495.70M	1,151.57M	1,151.28M	905.51M	901.43M	371.98M
Accounts Payable	3,451.52M	3,837.23M	3,837.23M	2,941.23M	2,695.85M	3,188.81M	2,819.09M	1,305.80M	1,605.82M	1,465.96M	870.65M	718.69M	715.53M	875.75M	690.67M	463.64M	514.57M	319.39M	173.49M	165.02M	145.15M	258.04M	233.18M	174.64M	218.10M
Short-Term Debt	2,664.84M	2,385.30M	2,385.30M	953.91M	1,383.03M	2,280.50M	1,769.01M	1,829.93M	2,713.16M	3,109.14M	2,088.64M	1,682.83M	1,926.50M	899.35M	942.92M	836.60M	576.38M	563.40M	466.85M	597.05M	471.98M	426.69M	329.55M	348.39M	230.93M
Tax Payables	0.00M	0.00M	0.00M	120.27M	206.99M	139.06M	33.52M	87.41M	43.49M	38.02M	17.48M	11.93M	6.98M	27.72M	7.08M	5.90M	11.50M	7.23M	3.64M	3.40M	3.05M	1.49M	7.10M	0.64M	0.58M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	209.31M	367.00M	48.55M	43.48M	61.97M	-3,109.14M	-2,088.64M	-1,682.83M	-1,926.50M	-899.35M	0.00M	0.00M	0.00M	87.17M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	983.00M	930.91M	930.91M	184.04M	283.09M	149.02M	115.34M	73.94M	66.69M	108.00M	73.09M	92.96M	67.27M	76.32M	82.71M	65.27M	6.32M	56.01M	37.39M	54.58M	-0.11M	0.00M	23.43M	0.00M	0.00M
Total Current Liabilities	7,099.36M	7,153.44M	7,153.44M	4,199.45M	4,778.27M	6,124.38M	4,785.51M	3,340.56M	4,491.13M	1,611.98M	961.22M	823.58M	789.78M	979.79M	1,723.37M	1,371.40M	1,108.78M	1,033.20M	681.36M	820.05M	620.07M	686.23M	593.26M	523.66M	449.61M
Long-Term Debt	0.00M	0.00M	0.00M	102.80M	216.23M	233.94M	260.36M	308.10M	310.17M	48.11M	201.83M	0.00M	0.00M	0.00M	0.00M	11.25M	17.50M	41.49M	31.44M	184.81M	132.62M	150.19M	43.61M	5.92M	2.69M
Capital Lease Obligations	0.56M	0.66M	0.66M	0.95M	0.95M	0.21M	0.51M	0.25M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.17M	0.36M	0.58M	0.61M	0.19M
Deferred Tax Liabilities	9.21M	9.30M	9.30M	21.46M	25.13M	40.43M	49.78M	51.77M	39.24M	19.70M	12.74M	8.99M	5.45M	0.00M	0.00M	11.79M	9.82M	7.33M	8.45M	11.46M	8.76M	6.61M	3.36M	3.16M	2.75M
Other Non-Current Liabilities	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	-11.79M	-9.82M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	9.78M	9.96M	9.96M	125.21M	242.30M	274.58M	310.64M	360.11M	349.41M	67.81M	214.57M	8.99M	5.45M	0.00M	0.00M	11.25M	17.50M	48.82M	39.89M	196.27M	141.55M	157.16M	47.54M	9.69M	5.63M
Total Liabilities	7,109.14M	7,163.40M	7,163.40M	4,324.66M	5,020.57M	6,398.96M	5,096.15M	3,700.67M	4,840.55M	1,679.79M	1,175.79M	832.57M	795.23M	979.79M	1,723.37M	1,382.65M	1,126.28M	1,082.01M	721.25M	1,016.33M	761.61M	843.38M	640.80M	533.35M	455.24M
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	62.58M	62.58M	62.58M	62.58M	62.58M	62.58M	62.58M	62.58M	62.58M	62.58M	62.43M	62.43M	62.43M	26.49M	26.21M	26.21M	26.21M	25.95M	25.95M	25.95M	0.00M	0.00M	24.25M	0.00M	0.00M
Retained Earnings	2,779.07M	2,672.01M	2,672.01M	2,421.11M	2,236.35M	2,086.35M	1,570.30M	1,442.95M	1,329.24M	1,115.15M	912.93M	774.98M	766.23M	620.75M	497.63M	0.00M	0.00M	0.00M	236.99M	255.15M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	138.47M	108.50M	108.50M	133.67M	138.24M	221.38M	202.84M	96.77M	122.14M	118.79M	67.06M	49.24M	37.37M	63.15M	-117.27M	-108.63M	-99.90M	-86.21M	-106.16M	0.00M	0.00M	0.00M	-64.90M	0.00M	0.00M
Minority Interest	296.17M	220.74M	220.74M	191.49M	553.23M	452.94M	268.47M	212.20M	156.34M	137.29M	90.58M	117.94M	119.48M	115.85M	83.80M	61.77M	51.39M	35.82M	27.99M	30.98M	7.68M	6.51M	6.86M	11.67M	8.13M
Total Shareholders’ Equity	2,980.13M	2,843.09M	2,843.09M	2,617.36M	2,437.18M	2,370.31M	1,835.72M	1,602.31M	1,513.97M	1,296.52M	1,042.42M	886.65M	866.03M	710.39M	406.58M	-82.41M	-73.69M	-60.26M	156.78M	281.10M	0.00M	0.00M	-40.65M	0.00M	0.00M
Total Equity	3,276.29M	3,063.83M	3,063.83M	2,808.85M	2,990.41M	2,823.25M	2,104.18M	1,814.51M	1,670.30M	1,433.82M	1,133.00M	1,004.59M	985.51M	826.25M	490.38M	-20.64M	-22.30M	-24.44M	184.77M	312.08M	7.68M	6.51M	-33.79M	11.67M	8.13M
Total Liabilities & Equity	10,385.43M	10,227.24M	10,227.24M	7,133.51M	8,010.98M	9,222.21M	7,200.33M	5,515.18M	6,510.85M	3,113.61M	2,308.79M	1,837.16M	1,780.73M	1,806.04M	2,213.75M	1,362.01M	1,103.98M	1,057.58M	906.02M	1,328.41M	769.29M	849.89M	607.01M	545.02M	463.37M
Tangible Assets	10,355.26M	10,202.71M	10,202.71M	7,743.55M	8,098.84M	9,119.16M	7,252.28M	5,564.99M	6,560.56M	6,186.68M	4,517.60M	3,582.24M	3,744.68M	2,768.24M	2,375.84M	1,979.79M	1,637.69M	1,466.98M	1,114.32M	1,475.82M	1,147.18M	1,146.90M	899.69M	893.93M	363.28M
Tangible Equity	3,259.36M	3,046.83M	3,046.83M	2,791.74M	2,975.93M	2,808.77M	2,088.86M	1,812.54M	1,664.20M	1,426.56M	1,123.08M	986.26M	965.81M	806.55M	457.60M	-44.31M	-43.41M	-44.14M	165.07M	292.20M	3.30M	2.13M	-39.62M	4.17M	-0.58M
Tangible Book Value	3,259.36M	3,046.83M	3,046.83M	2,791.74M	2,975.93M	2,808.77M	2,088.86M	1,812.54M	1,664.20M	1,426.56M	1,123.08M	986.26M	965.81M	806.55M	457.60M	-44.31M	-43.41M	-44.14M	165.07M	292.20M	3.30M	2.13M	-39.62M	4.17M	-0.58M
Total Investments	84.28M	140.45M	140.45M	797.60M	860.32M	1,017.25M	976.20M	883.94M	95.17M	155.08M	159.99M	65.35M	91.69M	68.14M	34.83M	14.42M	17.71M	7.76M	8.06M	8.86M	5.67M	20.79M	5.45M	2.68M	8.34M
Net Debt	-1,842.18M	-541.77M	-541.77M	-523.44M	128.00M	730.10M	836.79M	988.57M	2,090.70M	2,574.05M	1,684.28M	1,024.70M	1,123.44M	284.36M	509.72M	198.99M	172.06M	343.41M	379.02M	602.36M	378.89M	475.41M	328.49M	325.37M	202.92M

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	2,218.0M	2,000.0M	2,000.0M	1,708.2M	1,924.4M	1,620.6M	844.7M	611.3M	436.2M	198.2M	236.0M	111.1M	449.2M	391.7M	269.2M	283.6M	235.6M	231.5M	150.5M	332.4M	257.9M	284.4M	246.7M	174.2M	140.8M
Total Capital	5,665.6M	5,249.1M	5,249.1M	3,695.1M	4,057.7M	4,905.6M	3,886.6M	3,770.8M	4,557.3M	4,473.8M	3,337.9M	2,565.5M	2,807.8M	1,661.9M	1,575.8M	1,398.7M	1,085.0M	1,034.6M	884.1M	1,097.3M	970.8M	941.9M	716.1M	658.9M	516.6M
Capital Employed	3,305.5M	3,093.2M	3,093.2M	2,953.9M	3,252.7M	3,117.9M	2,434.9M	2,194.7M	2,039.8M	1,521.7M	1,352.6M	1,009.6M	1,006.2M	878.4M	716.7M	635.7M	569.8M	514.3M	453.7M	640.5M	515.3M	528.1M	396.5M	325.2M	296.5M
Invested Capital	1,158.6M	2,322.0M	2,322.0M	2,114.9M	2,586.4M	3,121.2M	2,694.0M	2,621.3M	3,624.7M	3,890.6M	2,731.7M	1,907.4M	2,004.7M	1,046.9M	1,142.6M	749.9M	663.2M	773.1M	764.8M	917.8M	745.1M	840.4M	671.4M	630.0M	485.9M

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	897.21M	958.31M	501.24M	403.80M	400.34M	713.19M	261.90M	236.44M	313.10M	303.00M	201.84M	80.53M	145.48M	172.13M	122.36M	121.16M	109.66M	68.00M	-19.02M	62.97M	22.37M	42.77M	65.21M	23.53M	11.56M
Depreciation & Amortization	53.53M	93.17M	0.00M	45.27M	46.26M	47.30M	60.96M	49.94M	21.60M	16.01M	15.64M	16.74M	16.85M	16.63M	16.42M	14.79M	14.06M	13.52M	13.10M	11.93M	10.89M	8.79M	10.23M	10.51M	11.47M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,004.34M	-514.51M	700.31M	0.00M	-66.75M	0.00M	0.00M	-8.45M	8.71M	11.49M	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	0.33M	1.23M	0.40M	0.00M	6.50M	0.00M	0.00M	0.14M	0.57M	0.43M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-491.93M	-865.38M	-162.95M	377.56M	124.29M	-749.47M	-50.58M	817.13M	297.46M	-1,671.62M	-1,004.67M	513.28M	-700.71M	-172.87M	-294.92M	-52.01M	153.84M	-85.72M	118.43M	-161.25M	101.56M	-100.45M	0.10M	-127.87M	-20.77M
Accounts Receivable	3.56M	-146.78M	296.71M	-292.82M	431.03M	-578.06M	-639.06M	398.35M	667.41M	-1,533.02M	-511.72M	258.87M	-502.24M	-130.49M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-498.41M	-718.35M	-1,147.15M	648.75M	193.33M	-911.68M	-922.09M	702.99M	-369.95M	-138.60M	-492.95M	254.40M	-198.48M	-42.38M	-259.81M	0.00M	14.78M	-30.28M	139.05M	-170.65M	9.23M	-23.46M	-37.60M	-44.38M	-15.13M
Accounts Payable	0.00M	0.00M	705.97M	137.83M	-342.38M	421.82M	1,503.34M	-283.84M	235.94M	516.18M	363.08M	-86.04M	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	2.93M	-0.25M	-18.48M	-116.20M	-157.69M	318.45M	7.24M	-0.36M	-235.94M	-516.18M	-726.16M	172.08M	-51.00M	-57.43M	-35.12M	0.00M	139.06M	-55.43M	-20.62M	9.40M	92.34M	-77.00M	37.70M	-83.49M	-5.64M
Other Non-Cash Items	86.85M	2,959.45M	214.53M	213.01M	424.41M	337.28M	59.77M	147.38M	376.97M	725.74M	358.56M	30.78M	-178.14M	235.68M	13.83M	-53.85M	-18.44M	-1.37M	12.00M	17.15M	24.86M	17.03M	-4.95M	15.87M	13.23M
Net Cash from Operating Activities	545.67M	3,824.58M	552.81M	1,039.64M	995.29M	348.30M	332.05M	1,250.89M	1,009.12M	-626.87M	-428.30M	642.56M	-716.12M	251.57M	-202.57M	30.09M	259.12M	-13.87M	133.79M	-57.27M	159.68M	-31.87M	70.59M	-77.97M	15.48M
Capital Expenditures (PPE)	-3.07M	-26.64M	0.00M	-6.09M	-16.13M	-10.51M	-20.50M	-10.07M	-216.13M	-121.08M	-49.43M	-378.54M	-28.19M	-31.05M	-38.18M	-18.63M	-34.55M	-6.50M	-12.82M	-61.11M	-34.65M	-44.93M	-6.24M	-9.83M	-10.55M
Acquisitions (Net)	0.00M	0.85M	0.00M	0.00M	0.85M	0.72M	0.38M	-1.75M	15.57M	-7.10M	-34.44M	45.80M	-50.79M	0.00M	-0.13M	-14.47M	1.85M	2.76M	0.00M	9.56M	0.00M	0.00M	0.27M	-0.15M	-0.95M
Purchases of Investments	0.00M	0.00M	0.00M	-28.84M	-3.70M	-10.81M	-8.48M	-2.76M	-44.97M	-45.79M	-17.22M	-45.81M	-34.49M	0.00M	-40.31M	0.00M	-7.80M	-0.70M	0.00M	-5.74M	0.00M	-51.40M	-7.71M	0.00M	0.49M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	5.21M	0.00M	0.00M	0.00M	0.00M	66.97M	90.67M	13.48M	26.76M	31.95M	6.43M	14.79M	0.00M	8.62M	36.51M	1.27M	19.01M	0.00M	28.13M	1.07M	0.00M	0.00M
Other Investing Activities	149.35M	71.98M	12.91M	67.94M	13.19M	38.43M	89.72M	0.35M	-66.91M	-8.42M	-4.67M	19.42M	13.40M	33.16M	-0.22M	72.39M	-17.71M	22.40M	53.14M	6.40M	24.32M	-5.45M	-39.29M	-21.99M	25.10M
Net Cash from Investing Activities	146.29M	35.31M	12.91M	38.22M	-5.80M	17.83M	61.11M	-14.24M	-245.47M	-91.71M	-92.28M	-332.37M	-68.13M	8.54M	-64.05M	39.28M	-49.59M	54.47M	41.59M	-31.87M	-10.33M	-73.65M	-51.90M	-31.97M	14.09M
Net Debt Issuance	0.00M	0.00M	1,157.28M	-562.88M	-916.89M	485.02M	-108.76M	-885.31M	-133.92M	866.79M	578.05M	-333.98M	1,027.16M	0.00M	91.12M	219.04M	-11.01M	106.61M	-185.82M	79.45M	-7.37M	-2,053.29M	-0.20M	128.01M	-0.07M
Long-Term Debt Issuance	0.00M	0.00M	1,157.28M	-563.12M	-917.30M	485.02M	-108.76M	-900.87M	-133.92M	866.79M	578.05M	-333.98M	1,027.16M	21.45M	91.12M	219.04M	-11.01M	106.61M	-185.82M	79.45M	27.42M	-2,053.29M	-0.20M	128.01M	-0.07M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.23M	0.41M	0.00M	0.00M	15.56M	0.00M	0.00M	0.00M	0.00M	1,027.16M	21.45M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-34.79M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	4.05M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.98M	0.00M	0.00M	20.00M	0.00M	0.00M	0.23M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	4.05M	3.25M	0.00M	84.96M	5.04M	0.00M	0.00M	3.98M	0.00M	0.00M	20.00M	0.00M	0.00M	0.23M	0.00M	0.00M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	13,224.39M	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-469.38M	-344.21M	-250.34M	-219.04M	-250.34M	-197.14M	-134.56M	-125.17M	-126.42M	-101.83M	-49.94M	-71.79M	-92.08M	-49.01M	-34.08M	-39.32M	-24.90M	0.00M	-15.57M	-19.91M	-19.98M	-17.55M	-8.98M	-2.30M	0.00M
Common Dividends Paid	-469.38M	-344.21M	-250.34M	-219.04M	-250.34M	-197.14M	-134.56M	-125.17M	-126.42M	-101.83M	-49.94M	-71.79M	-92.08M	-49.01M	-34.08M	-39.32M	-24.90M	-11.68M	-15.57M	-19.91M	-16.98M	-14.55M	-8.98M	-2.30M	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	-3.00M	0.00M	0.00M	0.00M
Other Financing Activities	-219.05M	-995.18M	-125.21M	-146.53M	-119.19M	-63.99M	-90.35M	-39.56M	-150.96M	-79.26M	-58.88M	-48.95M	37.64M	-4.31M	4.95M	-22.14M	-8.77M	-6.92M	-25.77M	-36.60M	-0.77M	2,233.37M	46.76M	-10.08M	-14.99M
Net Cash from Financing Activities	-688.43M	-1,309.02M	781.74M	-928.46M	-1,286.42M	223.90M	-333.67M	-1,050.03M	-411.29M	689.74M	469.23M	-454.73M	972.71M	-53.32M	50.86M	157.58M	-40.70M	88.01M	-227.16M	42.94M	-25.12M	162.53M	8.33M	115.63M	-15.05M
Effect of FX on Cash	-1.00M	1,732.42M	-0.53M	-1.29M	-30.03M	1.97M	4.29M	-2.37M	-2.92M	5.85M	-0.59M	-0.40M	-0.39M	0.60M	0.09M	0.09M	2.26M	2.86M	-8.46M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	1,525.30M	2,476.30M	1,346.92M	148.12M	-326.95M	591.77M	63.77M	183.84M	349.44M	-22.98M	-51.95M	-144.94M	188.08M	207.39M	-215.67M	227.04M	171.10M	131.47M	-60.24M	-46.20M	124.24M	57.01M	27.03M	5.69M	14.52M
Cash at Beginning of Period	5,639.67M	7,274.29M	1,580.15M	1,432.03M	1,784.34M	1,192.58M	1,149.46M	965.61M	583.20M	606.19M	658.13M	803.07M	614.99M	407.60M	648.86M	421.82M	250.72M	119.26M	179.50M	225.71M	101.46M	44.45M	17.43M	11.74M	-2.78M
Cash at End of Period	7,164.98M	9,750.59M	2,927.07M	1,580.15M	1,471.25M	1,784.34M	1,192.58M	1,149.46M	932.64M	583.20M	606.19M	658.13M	803.07M	614.99M	433.20M	648.86M	421.82M	250.72M	119.26M	179.50M	225.71M	101.46M	44.45M	17.43M	11.74M
Operating Cash Flow	545.67M	3,824.58M	552.81M	1,039.64M	954.23M	373.97M	303.94M	1,250.89M	1,009.12M	-626.87M	-428.30M	642.56M	-716.12M	251.57M	-202.57M	30.09M	259.12M	-13.87M	133.79M	-57.27M	159.68M	-31.87M	70.59M	-77.97M	15.48M
Capital Expenditure	-6.54M	-26.64M	-3.48M	-6.09M	-16.13M	-10.51M	-20.50M	-10.07M	-216.13M	-121.08M	-49.43M	-378.54M	-28.19M	-31.05M	-38.18M	-18.63M	-34.55M	-6.50M	-12.82M	-61.11M	-34.65M	-44.93M	-6.24M	-9.83M	-10.55M
Free Cash Flow	539.12M	3,797.94M	549.33M	1,033.55M	938.10M	363.46M	283.43M	1,240.82M	792.99M	-747.94M	-477.73M	264.02M	-744.31M	220.53M	-240.75M	11.46M	224.57M	-20.37M	120.97M	-118.38M	125.04M	-76.80M	64.35M	-87.80M	4.93M

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	1,919.31M	1,952.13M	1,075.66M	959.77M	900.78M	1,176.97M	565.02M	531.91M	535.03M	442.43M	218.86M	185.05M	208.48M	241.77M	98.91M	93.24M	103.39M	60.19M	-6.17M	67.82M	79.02M	175.68M	69.46M	57.39M	47.47M
(-) Tax Adjustment	318.60M	314.90M	177.21M	174.93M	152.54M	195.15M	93.72M	116.55M	104.87M	70.39M	27.72M	41.70M	31.92M	34.77M	10.99M	9.90M	15.86M	7.24M	-0.74M	10.64M	14.78M	28.05M	10.54M	9.45M	3.67M
(-) Change In Working Capital	-491.93M	-865.38M	-162.95M	377.56M	124.29M	-749.47M	-50.58M	817.13M	297.46M	-1,671.62M	-1,004.67M	513.28M	-700.71M	-172.87M	-294.92M	-52.01M	153.84M	-85.72M	118.43M	-161.25M	101.56M	-100.45M	0.10M	-127.87M	-20.77M
(-) Capital Expenditure	-6.54M	-26.64M	-3.48M	-6.09M	-16.13M	-10.51M	-20.50M	-10.07M	-216.13M	-121.08M	-49.43M	-378.54M	-28.19M	-31.05M	-38.18M	-18.63M	-34.55M	-6.50M	-12.82M	-61.11M	-34.65M	-44.93M	-6.24M	-9.83M	-10.55M
Unlevered Free Cash Flow	2,086.09M	2,475.97M	1,057.93M	401.20M	607.82M	1,720.78M	501.38M	-411.85M	-83.43M	1,922.57M	1,146.38M	-748.46M	849.08M	348.82M	344.66M	116.71M	-100.86M	132.17M	-136.67M	157.31M	-71.98M	203.15M	52.59M	165.97M	54.02M
(-) Net Interest Income After Taxes	-72.18M	-67.92M	-41.90M	-30.82M	-43.46M	-25.37M	-36.02M	-59.64M	-118.68M	-72.30M	-30.09M	-22.97M	-20.68M	-17.89M	-13.40M	-11.46M	-6.41M	-6.09M	-18.27M	-30.86M	-30.89M	-18.53M	-10.69M	-10.82M	-12.89M
Net Debt Issuance	0.00M	0.00M	1,157.28M	-562.88M	-916.89M	485.02M	-108.76M	-885.31M	-133.92M	866.79M	578.05M	-333.98M	1,027.16M	0.00M	91.12M	219.04M	-11.01M	106.61M	-185.82M	79.45M	-7.37M	-2,053.29M	-0.20M	128.01M	-0.07M
Levered Free Cash Flow	2,158.27M	2,543.89M	2,257.12M	-130.87M	-265.60M	2,231.17M	428.64M	-1,237.52M	-98.67M	2,861.66M	1,754.51M	-1,059.47M	1,896.91M	366.71M	449.18M	347.21M	-105.46M	244.86M	-304.22M	267.62M	-48.45M	-1,831.61M	63.08M	304.80M	66.84M