China Resources Gas Group Limited (1193.HK)

Industry: Regulated Gas Sector: Utilities Currency Used: HK Live Price: $21.64

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	2001	2000
Stock Price	29.13	26.33	32.93	45.33	39.50	40.80	32.50	27.33	22.65	23.08	22.28	23.04	14.67	10.99	11.18	8.35	4.60	14.05	7.70	8.55	8.70	6.70	6.70	7.50	6.40
Market Capitalization	66,062.63M	59,710.77M	74,680.99M	102,806.87M	88,231.78M	88,871.19M	70,792.00M	59,519.74M	49,288.68M	50,189.94M	48,398.34M	50,011.21M	29,572.55M	20,610.41M	16,157.12M	11,390.44M	1,874.15M	3,942.72M	2,098.45M	2,288.64M	2,314.12M	1,759.16M	1,662.37M	1,792.40M	0.01M
(-) Cash & Equivalents	9,549.47M	14,291.85M	7,980.81M	12,892.18M	14,994.10M	12,561.79M	11,198.64M	9,940.97M	5,907.22M	10,913.97M	9,256.43M	9,277.31M	13,304.79M	6,244.08M	4,748.26M	1,113.34M	592.54M	433.95M	260.63M	235.00M	277.85M	224.83M	205.35M	129.09M	103.40M
(+) Total Debt	26,121.63M	31,471.92M	20,304.68M	12,534.98M	11,921.75M	14,286.57M	10,511.02M	11,997.91M	13,491.77M	14,914.17M	14,628.78M	13,953.00M	12,197.80M	5,873.04M	4,925.70M	1,365.73M	53.76M	961.77M	1,147.47M	683.40M	685.74M	478.51M	472.77M	514.87M	233.93M
Enterprise Value	82,634.78M	76,890.84M	87,004.86M	102,449.66M	85,159.44M	90,595.97M	70,104.38M	61,576.68M	56,873.23M	54,190.15M	53,770.68M	54,686.90M	28,465.57M	20,239.36M	16,334.57M	11,642.82M	1,335.37M	4,470.54M	2,985.30M	2,737.03M	2,722.01M	2,012.85M	1,929.79M	2,178.17M	130.54M

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	2001-12-31	1999-12-31
Revenue	205,363M	186,467M	102,676M	101,272M	94,338M	79,642M	55,864M	56,976M	51,165M	39,838M	32,916M	32,834M	28,717M	22,288M	19,591M	13,507M	8,327M	3,747M	2,986M	4,264M	3,451M	3,064M	2,673M	2,044M	1,197M	1,101M	161M
Cost of Revenue	169,420M	150,276M	84,418M	82,820M	76,370M	60,542M	40,902M	42,826M	37,544M	27,922M	21,732M	22,835M	20,003M	14,666M	13,572M	9,534M	5,852M	2,586M	2,112M	3,268M	2,602M	2,249M	1,935M	1,557M	798M	670M	120M
Gross Profit	35,944M	36,191M	18,258M	18,452M	17,968M	19,100M	14,963M	14,150M	13,622M	11,916M	11,184M	9,999M	8,714M	7,622M	6,019M	3,972M	2,475M	1,161M	874M	997M	848M	816M	738M	486M	399M	431M	41M
Gross Profit Margin	17.5%	19.4%	17.8%	18.2%	19.0%	24.0%	26.8%	24.8%	26.6%	29.9%	34.0%	30.5%	30.3%	34.2%	30.7%	29.4%	29.7%	31.0%	29.3%	23.4%	24.6%	26.6%	27.6%	23.8%	33.3%	39.1%	25.7%
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	0M	0M
SG&A Expenses	23,323M	19,761M	11,444M	11,349M	10,187M	9,583M	7,818M	7,469M	6,962M	6,319M	5,877M	5,790M	5,083M	4,604M	3,581M	2,313M	1,345M	641M	531M	516M	432M	391M	369M	315M	277M	192M	34M
Operating Expenses	22,994M	19,761M	11,730M	11,076M	10,046M	9,482M	7,818M	7,469M	5,619M	5,080M	4,690M	4,400M	3,776M	3,389M	3,581M	1,865M	1,135M	501M	454M	638M	489M	525M	339M	325M	239M	181M	177M
Operating Income (EBIT)	12,949M	16,430M	6,529M	7,376M	7,922M	9,617M	7,144M	6,681M	8,003M	6,836M	6,494M	5,599M	4,938M	4,233M	2,438M	2,107M	1,340M	660M	420M	359M	359M	290M	399M	161M	160M	250M	-136M
Operating Income Margin	6.3%	8.8%	6.4%	7.3%	8.4%	12.1%	12.8%	11.7%	15.6%	17.2%	19.7%	17.1%	17.2%	19.0%	12.4%	15.6%	16.1%	17.6%	14.1%	8.4%	10.4%	9.5%	14.9%	7.9%	13.4%	22.7%	-84.4%
Interest Income	0M	897M	308M	381M	243M	329M	365M	0M	334M	256M	233M	272M	357M	0M	19M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	1,556M	1,173M	740M	941M	557M	382M	449M	533M	460M	479M	538M	541M	537M	524M	334M	77M	80M	40M	28M	112M	46M	51M	47M	0M	93M	58M	0M
Net Interest Income	-1,556M	-276M	-432M	-560M	-314M	-53M	-85M	-533M	-126M	-223M	-306M	-268M	-180M	-524M	-315M	-77M	-80M	-40M	-28M	-112M	-46M	-51M	-47M	0M	-93M	-58M	0M
Unusual Items	4,018M	2,136M	1,649M	2,093M	1,008M	1,620M	1,931M	1,535M	0M	0M	0M	-20M	0M	101M	679M	117M	16M	7M	-72M	0M	0M	198M	75M	78M	79M	34M	136M
EBT Excluding Unusual Items	11,394M	16,154M	6,097M	6,816M	7,608M	9,564M	7,060M	6,148M	7,877M	6,613M	6,189M	5,331M	4,757M	3,710M	2,123M	2,030M	1,260M	620M	393M	247M	314M	239M	352M	161M	67M	192M	-136M
Pre-Tax Income	15,412M	18,290M	7,746M	8,909M	8,616M	11,184M	8,990M	7,683M	7,877M	6,613M	6,189M	5,311M	4,757M	3,811M	2,803M	2,148M	1,275M	627M	321M	247M	314M	437M	427M	239M	147M	225M	0M
Pre-Tax Margin	7.5%	9.8%	7.5%	8.8%	9.1%	14.0%	16.1%	13.5%	15.4%	16.6%	18.8%	16.2%	16.6%	17.1%	14.3%	15.9%	15.3%	16.7%	10.8%	5.8%	9.1%	14.2%	16.0%	11.7%	12.2%	20.5%	0.0%
Income Tax Expense	3,803M	4,656M	1,998M	1,850M	2,307M	2,744M	2,278M	1,922M	1,989M	1,703M	1,751M	1,508M	1,408M	987M	768M	551M	305M	87M	49M	48M	33M	32M	34M	21M	-19M	17M	0M
Net Income	8,169M	11,424M	4,088M	5,224M	4,733M	6,395M	5,151M	5,043M	4,450M	3,654M	3,289M	2,838M	2,482M	2,161M	1,651M	1,200M	734M	444M	237M	199M	280M	404M	318M	188M	86M	208M	0M
Net Income Margin	4.0%	6.1%	4.0%	5.2%	5.0%	8.0%	9.2%	8.9%	8.7%	9.2%	10.0%	8.6%	8.6%	9.7%	8.4%	8.9%	8.8%	11.8%	7.9%	4.7%	8.1%	13.2%	11.9%	9.2%	7.2%	18.9%	0.0%
Depreciation & Amortization	7,835M	6,569M	3,654M	4,061M	3,354M	2,664M	2,114M	1,961M	1,680M	1,643M	1,285M	1,044M	951M	572M	761M	484M	375M	155M	150M	443M	337M	308M	268M	244M	117M	8M	0M
EBITDA	20,785M	22,999M	10,183M	11,437M	11,276M	12,281M	9,259M	8,642M	9,683M	8,479M	7,779M	6,643M	5,889M	4,806M	3,199M	2,591M	1,714M	814M	570M	802M	696M	598M	668M	405M	277M	258M	-136M
EBITDA Margin	10.1%	12.3%	9.9%	11.3%	12.0%	15.4%	16.6%	15.2%	18.9%	21.3%	23.6%	20.2%	20.5%	21.6%	16.3%	19.2%	20.6%	21.7%	19.1%	18.8%	20.2%	19.5%	25.0%	19.8%	23.1%	23.4%	-84.4%
NOPAT	9,754M	12,247M	4,845M	5,844M	5,801M	7,258M	5,334M	5,010M	5,982M	5,076M	4,657M	4,009M	3,476M	3,137M	1,770M	1,566M	1,019M	569M	357M	289M	321M	269M	367M	147M	180M	231M	-107M
NOPAT Margin	4.7%	6.6%	4.7%	5.8%	6.1%	9.1%	9.5%	8.8%	11.7%	12.7%	14.1%	12.2%	12.1%	14.1%	9.0%	11.6%	12.2%	15.2%	11.9%	6.8%	9.3%	8.8%	13.7%	7.2%	15.1%	21.0%	-66.7%
Owner's Earnings	6,303M	6,115M	3,545M	3,640M	1,669M	3,110M	2,557M	2,741M	617M	681M	1,024M	186M	-345M	-1,220M	-1,831M	11M	-615M	-1M	37M	-297M	-88M	82M	-211M	30M	-149M	-68M	0M
Owner's Earnings Margin	3.1%	3.3%	3.5%	3.6%	1.8%	3.9%	4.6%	4.8%	1.2%	1.7%	3.1%	0.6%	-1.2%	-5.5%	-9.3%	0.1%	-7.4%	0.0%	1.2%	-7.0%	-2.5%	2.7%	-7.9%	1.5%	-12.5%	-6.2%	0.0%
EPS (Basic)	3.59	5.03	1.80	2.30	2.09	2.82	2.31	2.32	2.04	1.68	1.51	1.30	1.14	1.00	0.82	0.61	0.54	0.34	0.62	1.44	0.86	1.19	1.18	0.72	0.40	0.87	-0.27
EPS (Diluted)	3.60	5.04	1.80	2.30	2.09	2.82	2.31	2.32	2.04	1.68	1.51	1.30	1.14	1.00	0.82	0.62	0.51	0.33	0.50	0.70	1.02	1.50	1.19	0.71	0.36	0.98	-0.27
Shares (Basic)	2,271M	2,268M	2,268M	2,268M	2,268M	2,268M	2,232M	2,178M	2,178M	2,178M	2,176M	2,175M	2,173M	2,171M	2,016M	1,921M	1,445M	1,341M	478M	277M	271M	266M	264M	262M	240M	212M	0M
Shares (Diluted)	2,271M	2,268M	2,268M	2,268M	2,268M	2,268M	2,232M	2,178M	2,178M	2,178M	2,176M	2,175M	2,173M	2,171M	2,016M	1,922M	1,445M	1,341M	478M	283M	274M	269M	268M	263M	240M	212M	0M

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	2001-12-31	2000-12-31	1999-12-31
Cash & Cash Equivalents	11,242.31M	7,530.58M	7,530.58M	9,978.47M	6,438.38M	7,562.95M	13,454.40M	13,507.69M	10,392.70M	10,355.98M	5,500.75M	10,750.87M	9,707.51M	9,584.18M	12,285.56M	6,890.00M	6,521.34M	2,226.69M	1,185.09M	867.91M	521.25M	470.01M	555.71M	449.66M	410.69M	258.18M	192.04M	14.77M
Short-Term Investments	0.00M	0.00M	0.00M	830.87M	0.00M	2,526.92M	0.00M	0.00M	1,638.84M	1,491.48M	5,076.99M	947.56M	921.86M	971.27M	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
Cash & Short-Term Investments	11,242.31M	7,530.58M	7,530.58M	10,809.33M	6,438.38M	10,089.87M	13,454.40M	13,507.69M	12,031.54M	11,847.46M	10,577.75M	11,698.44M	10,629.36M	10,555.45M	12,285.56M	6,890.00M	6,521.34M	2,226.69M	1,185.09M	867.91M	521.25M	470.01M	555.71M	449.66M	410.69M	258.18M	192.04M	14.77M
Net Receivables	14,332.21M	14,337.12M	14,337.12M	12,928.73M	11,320.57M	9,140.92M	6,174.56M	12,676.95M	11,362.31M	9,479.71M	6,336.25M	5,550.43M	5,546.09M	3,880.61M	3,155.84M	3,814.90M	1,385.87M	0.00M	0.00M	109.88M	0.00M	15.42M	0.00M	26.47M	2.29M	5.74M	0.00M	0.00M
Inventory	928.04M	1,403.79M	1,403.79M	1,493.61M	1,306.65M	1,142.27M	1,006.83M	1,007.50M	940.06M	595.05M	413.43M	570.52M	639.58M	791.96M	747.34M	412.18M	236.97M	132.64M	45.25M	813.87M	1,068.57M	739.70M	744.66M	646.63M	576.78M	364.93M	39.97M	64.47M
Other Current Assets	1,646.28M	139.50M	139.50M	3,531.22M	4,110.72M	6,174.59M	6,069.21M	3.17M	4,781.38M	2,904.83M	1,347.87M	1,196.75M	2,304.61M	1,560.04M	3,762.05M	2,723.52M	14.88M	0.00M	0.00M	46.71M	0.00M	1,166.34M	4.68M	533.60M	660.99M	475.39M	43.70M	29.94M
Total Current Assets	28,148.84M	23,410.99M	23,410.99M	28,762.90M	23,176.31M	26,547.66M	26,704.99M	27,195.31M	29,115.29M	24,827.06M	18,675.29M	19,016.13M	19,119.64M	16,788.06M	19,950.78M	13,840.60M	8,159.05M	2,359.33M	1,230.34M	1,838.37M	1,589.82M	2,391.47M	1,305.04M	1,656.36M	1,650.75M	1,104.23M	275.70M	109.18M
Property, Plant & Equipment	69,587.63M	67,620.33M	67,620.33M	65,953.89M	51,297.01M	50,602.92M	44,062.42M	36,747.80M	30,918.52M	28,608.29M	24,058.87M	22,717.16M	21,492.43M	18,527.86M	18,975.19M	10,554.64M	7,810.39M	2,749.54M	1,244.44M	3,949.27M	4,217.64M	2,540.39M	2,373.48M	1,863.31M	1,872.85M	790.02M	29.39M	95.51M
Goodwill	4,736.05M	4,775.02M	4,775.02M	4,911.76M	2,539.91M	1,274.03M	903.96M	669.37M	668.86M	677.68M	633.29M	676.17M	707.48M	409.95M	1,676.02M	589.58M	890.51M	352.09M	18.84M	24.06M	152.78M	152.78M	0.97M	-70.60M	-131.69M	168.50M	0.00M	0.00M
Intangible Assets	4,736.12M	4,815.22M	4,815.22M	5,022.88M	5,004.44M	3,232.40M	2,382.20M	1,858.21M	1,234.01M	1,258.81M	1,246.84M	1,298.37M	1,371.10M	758.24M	926.34M	728.95M	674.12M	632.06M	637.03M	35.68M	53.66M	19.24M	21.33M	24.29M	18.53M	23.80M	0.00M	0.00M
Long-Term Investments	22,505.89M	22,145.03M	22,145.03M	22,683.98M	24,846.08M	20,949.84M	16,439.38M	13,270.10M	13,072.20M	13,112.63M	10,955.80M	12,006.58M	11,602.12M	10,830.88M	1,870.73M	2,604.13M	126.97M	1,540.65M	0.00M	9.90M	10.11M	290.38M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Assets	0.00M	0.00M	0.00M	608.78M	508.86M	463.25M	345.42M	278.09M	265.82M	239.96M	209.64M	190.32M	127.74M	98.63M	191.68M	121.27M	122.02M	49.61M	0.00M	10.89M	16.42M	11.69M	10.76M	9.83M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	3,629.35M	3,659.24M	3,659.24M	3,236.01M	-217.21M	-951.61M	-903.96M	-669.37M	-265.82M	-239.96M	-209.64M	-190.32M	-127.74M	-98.63M	352.56M	29.56M	778.53M	44.27M	221.93M	177.28M	235.76M	161.13M	298.89M	255.06M	111.24M	0.00M	0.00M	4.34M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2,650.96M	2,333.33M	2,809.56M	2,847.45M	2,120.24M	1,735.67M	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	105,195.04M	103,014.84M	103,014.84M	102,417.29M	83,979.08M	75,570.83M	63,229.42M	52,154.20M	48,544.53M	45,990.74M	39,704.35M	39,545.74M	37,293.36M	32,262.60M	23,992.52M	14,628.14M	10,402.54M	5,368.22M	2,122.24M	4,207.07M	4,686.36M	3,175.60M	2,705.43M	2,081.88M	1,870.93M	982.32M	29.39M	99.85M
Total Assets	133,343.88M	126,425.83M	126,425.83M	131,180.18M	107,155.40M	102,118.48M	89,934.40M	79,349.51M	77,659.82M	70,817.80M	58,379.64M	58,561.87M	56,413.00M	49,050.66M	43,943.30M	28,468.73M	18,561.58M	7,727.55M	3,352.58M	6,045.44M	6,276.18M	5,567.07M	4,010.47M	3,738.24M	3,521.68M	2,086.55M	305.09M	209.03M
Accounts Payable	13,710.87M	11,981.86M	11,981.86M	14,488.36M	10,277.59M	8,452.22M	7,418.55M	6,869.47M	6,319.85M	6,618.69M	4,969.09M	4,692.44M	4,676.33M	5,255.80M	2,132.01M	3,388.59M	1,115.68M	498.11M	1,589.23M	1,079.83M	85.21M	791.68M	628.14M	23.54M	36.09M	37.70M	0.00M	0.00M
Short-Term Debt	18,587.69M	14,258.62M	14,258.62M	8,817.66M	12,545.30M	11,321.03M	5,352.81M	7,616.70M	6,510.06M	5,327.67M	3,139.48M	4,219.80M	3,296.51M	2,748.79M	1,431.27M	1,536.08M	613.79M	1,039.65M	107.79M	682.76M	1,791.83M	585.18M	542.03M	733.29M	571.98M	178.02M	233.93M	233.93M
Tax Payables	0.00M	0.00M	0.00M	604.82M	879.51M	969.30M	933.61M	739.51M	715.91M	592.67M	495.19M	569.77M	431.27M	396.52M	1,145.66M	196.15M	154.27M	58.69M	7.96M	4.17M	10.06M	2.86M	4.84M	6.88M	3.01M	8.20M	0.00M	0.18M
Deferred Revenue	0.00M	0.00M	0.00M	19,703.63M	17,551.46M	15,185.96M	15,174.06M	13,235.92M	12,342.54M	12,808.00M	12,994.07M	3,400.32M	-3,296.51M	-858.75M	11,957.78M	409.68M	553.57M	58.69M	0.00M	4.17M	8.13M	41.42M	31.32M	15.87M	9.20M	8.20M	0.00M	0.00M
Other Current Liabilities	25,527.09M	27,463.73M	27,463.73M	7,437.77M	5,298.71M	12,748.97M	10,033.88M	9,901.92M	7,531.20M	18,593.58M	16,165.28M	15,284.58M	14,601.80M	8,946.75M	10,851.02M	2,884.33M	-2,513.28M	1,875.05M	-447.80M	281.48M	1,640.00M	324.76M	85.02M	683.27M	583.54M	256.04M	-194.93M	44.17M
Total Current Liabilities	57,825.65M	53,704.22M	53,704.22M	51,052.24M	46,552.56M	48,677.48M	38,912.90M	38,363.52M	33,419.56M	43,940.61M	37,763.11M	28,166.90M	19,709.40M	16,489.11M	27,517.74M	8,414.83M	-75.97M	3,530.19M	1,257.18M	2,052.42M	3,535.23M	1,745.90M	1,291.34M	1,462.84M	1,203.82M	488.16M	39.00M	278.29M
Long-Term Debt	7,652.00M	8,742.24M	8,742.24M	17,831.12M	10,020.65M	295.71M	5,834.24M	5,830.67M	6,074.89M	6,039.05M	9,028.21M	10,679.39M	11,632.64M	13,015.53M	11,621.68M	4,963.51M	5,163.33M	1,691.80M	39.49M	1,240.77M	588.33M	843.17M	860.71M	223.74M	373.55M	851.72M	0.00M	0.00M
Capital Lease Obligations	471.20M	523.52M	523.52M	472.19M	304.83M	267.24M	219.53M	268.99M	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
Deferred Tax Liabilities	0.00M	2,918.91M	2,918.91M	3,036.86M	1,726.68M	1,317.21M	1,195.68M	1,114.59M	1,228.43M	1,222.21M	1,204.48M	1,012.18M	754.10M	560.96M	724.24M	390.91M	333.57M	138.53M	143.10M	0.00M	0.00M	0.00M	6.71M	6.71M	2.26M	1.66M	0.00M	0.00M
Other Non-Current Liabilities	5,326.70M	1,848.55M	1,848.55M	1,362.97M	627.90M	-169.61M	224.91M	0.00M	188.65M	159.36M	187.74M	189.77M	1,212.59M	245.41M	78.88M	263.84M	151.63M	1,699.47M	73.31M	109.59M	5.81M	0.00M	0.00M	0.00M	-3.78M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	13,449.90M	14,033.22M	14,033.22M	22,703.14M	12,680.05M	1,710.54M	7,474.36M	7,214.25M	7,491.97M	7,420.62M	10,420.44M	11,881.34M	13,599.34M	13,821.89M	12,424.80M	5,618.26M	5,648.53M	3,529.80M	255.90M	1,350.36M	594.14M	843.17M	867.42M	230.45M	372.03M	853.37M	0.00M	0.00M
Total Liabilities	71,275.55M	67,737.44M	67,737.44M	73,755.38M	59,232.61M	50,388.03M	46,387.26M	45,577.77M	40,911.53M	51,361.23M	48,183.55M	40,048.24M	33,308.73M	30,311.01M	39,942.54M	14,033.08M	5,572.56M	7,059.99M	1,513.09M	3,402.78M	4,129.37M	2,589.07M	2,158.77M	1,693.29M	1,575.85M	1,341.53M	39.00M	278.29M
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	6,149.21M	6,326.18M	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	231.40M	231.40M	231.40M	231.40M	231.40M	231.40M	231.40M	222.40M	222.40M	222.40M	222.40M	222.40M	222.40M	222.40M	222.40M	199.23M	183.11M	141.44M	141.44M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Retained Earnings	30,764.92M	29,513.29M	29,513.29M	26,560.21M	30,612.45M	17,564.88M	13,846.58M	11,246.20M	17,181.19M	14,451.41M	12,194.28M	10,007.77M	8,222.93M	6,519.47M	4,929.52M	2,510.67M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	43,162.57M	1,547.68M	1,547.68M	-6,911.83M	-6,082.80M	6,199.70M	4,935.37M	1,725.85M	1,804.06M	2,445.36M	478.09M	1,913.92M	-6,149.21M	-6,326.18M	-1,836.95M	-1,036.47M	-755.90M	-358.56M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	23,820.42M	22,799.01M	22,799.01M	22,611.45M	13,205.76M	12,780.75M	10,594.07M	9,026.78M	7,527.36M	7,176.68M	5,936.55M	5,477.65M	5,064.55M	4,432.90M	3,099.75M	2,516.09M	1,894.76M	536.19M	234.44M	515.04M	1,048.73M	627.12M	535.51M	396.90M	442.72M	350.17M	0.00M	0.52M
Total Shareholders’ Equity	74,158.89M	31,292.37M	31,292.37M	19,879.78M	24,761.06M	23,995.98M	19,013.35M	13,194.44M	19,207.65M	17,119.17M	12,894.77M	12,144.09M	8,445.33M	6,741.87M	3,314.96M	1,673.43M	-572.80M	-217.12M	141.44M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Equity	97,979.31M	54,091.38M	54,091.38M	42,491.24M	37,966.82M	36,776.72M	29,607.42M	22,221.22M	26,735.01M	24,295.85M	18,831.32M	17,621.74M	13,509.89M	11,174.78M	6,414.72M	4,189.53M	1,321.97M	319.07M	375.88M	515.04M	1,048.73M	627.12M	535.51M	396.90M	442.72M	350.17M	0.00M	0.52M
Total Liabilities & Equity	169,254.86M	121,828.82M	121,828.82M	116,246.62M	97,199.43M	87,164.75M	75,994.68M	67,798.99M	67,646.53M	75,657.08M	67,014.87M	57,669.98M	46,818.62M	41,485.78M	46,357.26M	18,222.61M	6,894.52M	7,379.06M	1,888.97M	3,917.82M	5,178.10M	3,216.19M	2,694.28M	2,090.19M	2,018.58M	1,691.70M	39.00M	278.81M
Tangible Assets	123,871.71M	116,835.59M	116,835.59M	121,245.55M	99,611.05M	97,612.06M	86,648.25M	76,821.93M	75,756.95M	68,881.30M	56,499.52M	56,587.33M	54,334.42M	47,882.46M	41,340.94M	27,150.20M	16,996.95M	6,743.40M	2,696.71M	5,985.71M	6,069.74M	5,395.06M	3,988.17M	3,784.55M	3,634.84M	1,894.25M	305.09M	209.03M
Tangible Equity	88,507.15M	44,501.14M	44,501.14M	32,556.60M	30,422.47M	32,270.30M	26,321.27M	19,693.64M	24,832.14M	22,359.36M	16,951.19M	15,647.20M	11,431.31M	10,006.58M	3,812.36M	2,870.99M	-242.66M	-665.08M	-279.98M	455.30M	842.29M	455.11M	513.21M	443.22M	555.89M	157.87M	0.00M	0.52M
Tangible Book Value	88,507.15M	44,501.14M	44,501.14M	32,556.60M	30,422.47M	32,270.30M	26,321.27M	19,693.64M	24,832.14M	22,359.36M	16,951.19M	15,647.20M	11,431.31M	10,006.58M	3,812.36M	2,870.99M	-242.66M	-665.08M	-279.98M	455.30M	842.29M	455.11M	513.21M	443.22M	555.89M	157.87M	0.00M	0.52M
Total Investments	22,505.89M	22,145.03M	22,145.03M	23,514.84M	24,846.08M	21,601.27M	16,439.38M	13,270.10M	14,711.04M	14,604.11M	12,008.24M	12,954.14M	12,523.97M	11,802.15M	1,870.73M	2,604.13M	126.97M	1,540.65M	18.57M	9.90M	10.11M	290.38M	298.89M	255.06M	111.24M	0.00M	0.00M	4.34M
Net Debt	14,997.38M	15,470.28M	15,470.28M	16,670.32M	16,127.57M	4,053.79M	-2,267.35M	-60.33M	2,192.25M	1,010.74M	6,666.94M	4,148.32M	5,221.65M	6,180.14M	767.39M	-390.40M	-744.22M	504.76M	-1,037.80M	1,055.63M	1,858.91M	958.33M	847.03M	507.37M	534.84M	771.55M	41.89M	219.16M

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	2001-12-31	2000-12-31	1999-12-31
Working Capital	-24,635.5M	-24,369.1M	-24,369.1M	-15,655.1M	-18,161.7M	-18,132.3M	-8,381.3M	-8,285.2M	-9,219.8M	-9,237.9M	-5,445.6M	-5,072.9M	-3,320.2M	263.4M	3,478.6M	1,608.7M	2,825.3M	-270.8M	316.7M	710.3M	-288.4M	691.4M	645.2M	200.4M	449.9M	624.3M	236.7M	-169.1M
Total Capital	70,104.9M	64,696.3M	64,696.3M	67,893.2M	62,308.0M	53,263.4M	47,779.8M	40,820.7M	36,854.7M	34,006.4M	31,014.9M	33,891.2M	30,992.5M	28,057.2M	23,565.3M	14,602.0M	11,310.4M	3,762.8M	2,056.1M	4,975.5M	5,050.0M	3,763.5M	3,319.1M	2,612.0M	2,447.9M	1,432.8M	500.0M	164.2M
Capital Employed	80,559.5M	78,645.7M	78,645.7M	86,762.2M	65,817.4M	57,438.6M	54,848.1M	43,869.0M	39,324.7M	36,752.8M	34,258.8M	34,472.8M	33,973.2M	32,526.0M	27,471.1M	16,236.8M	13,227.9M	5,097.4M	2,438.9M	4,917.3M	4,398.0M	3,867.0M	3,350.6M	2,282.3M	2,320.9M	1,606.6M	266.1M	-69.3M
Invested Capital	58,862.6M	57,165.8M	57,165.8M	57,914.7M	55,869.7M	45,700.4M	34,325.4M	27,313.0M	26,462.0M	23,650.4M	25,514.2M	23,140.3M	21,285.0M	18,473.0M	11,279.7M	7,712.1M	4,789.1M	1,536.1M	871.0M	4,107.6M	4,528.8M	3,293.5M	2,763.4M	2,162.3M	2,037.2M	1,174.6M	308.0M	149.4M

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	2001-12-31	2000-03-31
Net Income	8,169.37M	11,423.77M	4,088.15M	5,223.71M	4,733.46M	6,395.37M	5,151.29M	5,043.48M	4,450.10M	3,653.99M	3,289.40M	2,837.91M	2,479.90M	2,160.95M	2,802.53M	2,147.70M	1,275.38M	627.24M	321.23M	198.87M	280.40M	404.10M	318.36M	187.84M	85.80M	208.38M	0.00M
Depreciation & Amortization	6,007.56M	6,568.57M	0.00M	4,061.12M	3,354.59M	2,664.13M	2,114.47M	1,960.94M	1,682.12M	1,645.80M	1,288.08M	1,044.19M	950.87M	572.48M	760.58M	484.05M	374.53M	154.50M	150.16M	443.36M	337.04M	308.37M	268.45M	244.17M	116.88M	8.30M	0.00M
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	0.00M	0.00M	0.00M	-7.41M	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	0.00M	0.00M	0.00M	1.56M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	1,206.55M	-3,831.67M	-1,935.88M	437.42M	-4,998.23M	-1,288.18M	531.97M	1,051.88M	-1,058.03M	-1,406.80M	-517.02M	-692.00M	-1,495.98M	-2,906.37M	2,198.64M	158.82M	74.79M	267.76M	159.99M	424.01M	284.38M	230.93M	-77.02M	39.71M	0.00M	0.00M	0.00M
Accounts Receivable	1,001.13M	-5,198.98M	2,358.54M	-1,357.41M	-2,316.70M	-2,927.78M	312.38M	-1,654.27M	-713.02M	-1,259.54M	-700.71M	-724.99M	-1,654.67M	-2,747.69M	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
Inventory	205.42M	-376.55M	65.48M	139.94M	-272.28M	-104.27M	62.00M	-75.34M	-345.01M	-147.25M	183.68M	32.99M	158.68M	-158.68M	-222.85M	-126.05M	41.92M	-63.02M	-34.96M	-183.94M	-178.17M	-13.88M	-98.03M	-73.70M	0.00M	0.00M	0.00M
Accounts Payable	0.00M	0.00M	-3,804.11M	2,700.95M	1,647.05M	2,171.58M	-871.34M	1,852.84M	1,627.96M	2,339.13M	-1,216.13M	488.74M	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 Working Capital	0.00M	1,743.86M	-555.80M	-1,046.06M	-4,056.30M	-427.71M	1,028.93M	928.65M	-1,627.96M	-2,339.13M	1,216.13M	-488.74M	0.00M	0.00M	2,421.49M	284.87M	32.88M	330.78M	194.95M	607.95M	462.55M	244.82M	21.00M	113.40M	0.00M	0.00M	0.00M
Other Non-Cash Items	-161.93M	9,578.82M	4,849.56M	434.35M	1,261.58M	618.74M	818.30M	808.46M	3,267.34M	3,903.33M	3,304.49M	2,499.95M	3,541.48M	5,844.19M	-718.51M	-680.67M	-222.94M	-107.20M	2.42M	-620.01M	-294.63M	-421.62M	-96.92M	-3.20M	3.29M	46.21M	0.00M
Net Cash from Operating Activities	15,221.55M	13,145.85M	7,001.83M	10,156.59M	4,351.39M	8,390.06M	8,616.03M	8,864.76M	8,341.53M	7,796.32M	7,364.95M	5,690.06M	5,476.26M	5,671.24M	5,043.23M	2,109.91M	1,501.76M	942.31M	627.95M	446.23M	607.18M	521.79M	412.87M	468.52M	205.97M	262.88M	0.00M
Capital Expenditures (PPE)	-8,203.54M	-11,877.58M	-4,343.76M	-5,644.99M	-6,418.23M	-5,949.92M	-4,709.23M	-4,263.88M	-5,513.39M	-4,615.77M	-3,550.48M	-3,696.04M	-3,777.74M	-3,953.52M	-4,242.76M	-1,673.89M	-1,723.62M	-599.13M	-349.65M	-939.48M	-705.32M	-629.98M	-797.89M	-402.05M	-351.84M	-284.58M	-2.37M
Acquisitions (Net)	2,860.10M	-3,302.49M	1,227.59M	-711.16M	-798.20M	467.90M	-9.13M	201.00M	558.55M	1,970.52M	319.16M	1,227.80M	-1,006.44M	-2,568.82M	-1,933.53M	-997.13M	86.84M	-1,543.16M	-434.15M	1,004.16M	-247.47M	83.81M	-1.79M	-35.45M	-150.92M	-254.07M	-0.01M
Purchases of Investments	-33,197.03M	-44,920.22M	-27,851.17M	-46,021.83M	-29,716.26M	-46,695.53M	-45,045.94M	-33,916.38M	-35,734.32M	-31,709.99M	-37,607.71M	-8,877.30M	-13,057.73M	-30.02M	-208.81M	-14.02M	-2.43M	47.25M	0.00M	22.02M	0.00M	0.00M	-18.87M	-4.14M	-0.25M	0.00M	0.00M
Sales / Maturities of Investments	30,771.84M	31,692.19M	27,819.23M	46,140.72M	21,807.34M	42,728.91M	41,971.44M	32,752.99M	35,453.32M	35,314.54M	33,387.74M	9,888.79M	13,823.94M	2,598.84M	8.90M	9.90M	0.45M	10.45M	0.00M	3.84M	0.00M	0.00M	6.37M	0.74M	3.88M	0.00M	0.00M
Other Investing Activities	3,406.77M	-84.13M	920.30M	1,704.34M	0.00M	-1,694.18M	592.96M	555.83M	-918.49M	-1,168.45M	503.20M	673.17M	21.58M	-812.31M	73.76M	106.20M	154.52M	-98.01M	49.14M	82.32M	34.13M	46.12M	54.67M	100.44M	391.52M	417.82M	40.69M
Net Cash from Investing Activities	-4,361.86M	-28,488.38M	-2,227.81M	-4,532.93M	-15,125.35M	-11,142.82M	-7,199.89M	-4,670.44M	-6,154.32M	-209.15M	-6,948.10M	-783.58M	-3,996.39M	-7,364.67M	-6,302.43M	-2,568.94M	-1,484.23M	-2,182.61M	-734.66M	172.86M	-918.66M	-500.05M	-757.50M	-340.46M	-107.61M	-120.82M	38.31M
Net Debt Issuance	-7,903.82M	25,276.70M	580.16M	3,666.16M	12,720.42M	-2,077.93M	478.99M	-848.75M	-2,688.69M	-1,846.08M	-2,671.49M	3.00M	779.87M	2,158.05M	5,065.75M	852.28M	2,708.51M	2,442.76M	-133.01M	-191.56M	493.20M	11.74M	426.98M	17.17M	-125.20M	-51.15M	-5.72M
Long-Term Debt Issuance	5,360.81M	25,276.70M	580.16M	3,989.00M	12,720.42M	-2,077.93M	478.99M	-967.21M	-2,688.69M	-923.04M	-2,671.49M	3.00M	779.87M	2,158.05M	5,065.75M	852.28M	2,708.51M	2,442.76M	-133.01M	-191.56M	493.20M	11.74M	426.98M	17.17M	-125.20M	-51.15M	-5.72M
Short-Term Debt Issuance	-13,264.63M	0.00M	0.00M	-322.84M	0.00M	0.00M	0.00M	118.46M	0.00M	-923.04M	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	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	722.05M	0.00M	58.92M	0.00M	0.00M	0.00M	3,668.95M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2,712.00M	0.00M	2,493.99M	-254.00M	12.39M	0.00M	-2.12M	-3.67M	-0.03M	-0.31M	0.00M	0.00M	0.77M
Common Stock Issuance	727.94M	0.00M	58.92M	0.00M	0.00M	0.00M	3,668.95M	0.00M	0.00M	0.00M	52.30M	25.08M	0.00M	0.00M	2,712.00M	91.49M	2,493.99M	0.00M	12.39M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.77M
Common Stock Repurchased	-5.89M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	5,133.75M	1,254.00M	0.00M	0.00M	0.00M	808.94M	0.00M	-254.00M	0.00M	0.00M	-2.12M	-3.67M	-0.03M	-0.31M	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	0.00M	0.00M
Net Dividends Paid	-5,232.55M	-3,220.87M	-2,850.92M	-2,381.63M	-2,880.63M	-2,109.44M	-1,973.35M	-1,677.23M	-1,198.04M	-980.20M	-826.86M	-652.39M	-543.18M	-348.35M	-240.43M	-174.25M	-119.03M	-101.03M	0.00M	-85.46M	-155.81M	-164.95M	-49.27M	-86.20M	-76.14M	-39.74M	0.00M
Common Dividends Paid	-5,232.55M	-3,220.87M	-2,850.92M	-2,381.63M	-2,880.63M	-2,109.44M	-1,973.35M	-1,677.23M	-1,198.04M	-980.20M	-826.86M	-652.39M	-543.18M	-348.35M	-240.43M	-174.25M	-91.99M	-107.91M	0.00M	-157.61M	-81.07M	-93.08M	-39.56M	-86.20M	-76.14M	-39.74M	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	-74.73M	-71.87M	-9.71M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-6,754.64M	-3,528.56M	-5,216.15M	-3,246.66M	-2,223.78M	835.73M	-4,269.88M	1,297.39M	2,087.37M	-330.49M	-1,733.45M	-730.58M	-869.21M	-2,195.72M	536.22M	-28.03M	-1,378.88M	119.25M	-401.48M	-206.65M	-1.49M	16.90M	98.32M	-12.53M	255.04M	26.59M	-0.60M
Net Cash from Financing Activities	-19,168.95M	19,142.78M	-7,427.99M	-1,962.12M	7,616.00M	-3,351.64M	-2,095.29M	-1,228.59M	-1,799.36M	-3,156.77M	-5,231.79M	-1,379.97M	-632.52M	-386.02M	6,422.15M	245.31M	3,755.69M	2,123.18M	-475.07M	-306.78M	329.67M	-139.98M	452.03M	-81.86M	53.70M	-24.56M	-5.55M
Effect of FX on Cash	308.54M	-815.62M	-225.87M	-120.55M	-743.82M	225.15M	618.87M	-166.40M	-351.14M	424.82M	-435.17M	-328.16M	-17.26M	346.56M	-1.03M	396.29M	76.28M	-2.96M	51.49M	34.35M	33.05M	32.55M	-1.34M	-7.24M	0.46M	0.98M	0.00M
Net Change in Cash	-14,363.43M	2,910.74M	-2,879.83M	3,540.99M	-1,125.47M	-5,879.26M	-60.28M	3,107.44M	36.72M	4,855.23M	-5,250.12M	3,198.35M	830.09M	-3,817.12M	5,161.92M	182.58M	3,849.50M	879.92M	-530.30M	346.66M	51.24M	-85.70M	106.05M	38.96M	152.51M	66.14M	-7.48M
Cash at Beginning of Period	47,735.09M	41,745.99M	9,978.47M	6,437.48M	10,089.87M	13,454.40M	13,507.69M	10,400.25M	10,355.98M	5,500.75M	10,750.87M	7,552.52M	6,722.43M	10,539.55M	7,123.63M	6,707.42M	2,671.84M	1,346.77M	1,715.38M	521.25M	470.01M	555.71M	449.66M	410.69M	258.18M	192.04M	-61.95M
Cash at End of Period	32,755.04M	44,656.73M	7,098.64M	9,978.47M	6,438.38M	10,089.87M	13,454.40M	13,507.69M	10,392.70M	10,355.98M	5,500.75M	10,750.87M	7,552.52M	6,722.43M	12,285.56M	6,890.00M	6,521.34M	2,226.69M	1,185.09M	867.91M	521.25M	470.01M	555.71M	449.66M	410.69M	258.18M	-69.43M
Operating Cash Flow	15,543.34M	13,145.85M	7,001.83M	10,156.59M	4,278.27M	8,799.75M	8,946.56M	8,864.76M	8,341.53M	7,796.32M	7,364.95M	5,690.06M	5,476.26M	5,671.24M	5,043.23M	2,109.91M	1,501.76M	942.31M	627.95M	446.23M	607.18M	521.79M	412.87M	468.52M	205.97M	262.88M	0.00M
Capital Expenditure	-9,701.43M	-11,877.58M	-4,197.56M	-5,644.99M	-6,418.23M	-5,949.92M	-4,709.23M	-4,263.88M	-5,513.39M	-4,615.77M	-3,550.48M	-3,696.04M	-3,777.74M	-3,953.52M	-4,242.76M	-1,673.89M	-1,723.62M	-599.13M	-349.65M	-939.48M	-705.32M	-629.98M	-797.89M	-402.05M	-351.84M	-284.58M	-2.37M
Free Cash Flow	5,841.91M	1,268.27M	2,804.26M	4,511.60M	-2,139.97M	2,849.83M	4,237.34M	4,600.88M	2,828.14M	3,180.55M	3,814.46M	1,994.01M	1,698.52M	1,717.72M	800.48M	436.03M	-221.85M	343.18M	278.29M	-493.25M	-98.14M	-108.19M	-385.02M	66.47M	-145.87M	-21.70M	-2.37M

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	2001-12-31
EBITDA	20,456.35M	22,998.52M	10,468.19M	11,163.39M	11,134.94M	12,180.54M	9,258.82M	8,642.23M	8,340.32M	7,239.27M	6,591.83M	5,253.37M	4,581.21M	3,590.12M	3,198.75M	2,143.41M	1,504.21M	673.74M	493.48M	924.40M	753.30M	732.54M	637.33M	414.99M	238.24M	246.44M
(-) Tax Adjustment	5,047.86M	5,854.92M	2,699.98M	2,318.32M	2,981.67M	2,988.45M	2,346.43M	2,161.62M	2,105.60M	1,863.64M	1,864.86M	1,491.77M	1,356.11M	929.93M	876.38M	550.19M	359.70M	93.34M	74.60M	179.13M	79.75M	54.49M	50.49M	36.69M	0.00M	18.42M
(-) Change In Working Capital	1,206.55M	-3,831.67M	-1,935.88M	437.42M	-4,998.23M	-1,288.18M	531.97M	1,051.88M	-1,058.03M	-1,406.80M	-517.02M	-692.00M	-1,495.98M	-2,906.37M	2,198.64M	158.82M	74.79M	267.76M	159.99M	424.01M	284.38M	230.93M	-77.02M	39.71M	0.00M	0.00M
(-) Capital Expenditure	-9,701.43M	-11,877.58M	-4,197.56M	-5,644.99M	-6,418.23M	-5,949.92M	-4,709.23M	-4,263.88M	-5,513.39M	-4,615.77M	-3,550.48M	-3,696.04M	-3,777.74M	-3,953.52M	-4,242.76M	-1,673.89M	-1,723.62M	-599.13M	-349.65M	-939.48M	-705.32M	-629.98M	-797.89M	-402.05M	-351.84M	-284.58M
Unlevered Free Cash Flow	4,500.50M	9,097.69M	5,506.54M	2,762.65M	6,733.27M	4,530.35M	1,671.19M	1,164.85M	1,779.37M	2,166.65M	1,693.51M	757.55M	943.34M	1,613.04M	-4,119.02M	-239.49M	-653.90M	-286.49M	-90.76M	-618.22M	-316.14M	-182.87M	-134.02M	-63.46M	-113.60M	-56.57M
(-) Net Interest Income After Taxes	-1,171.76M	-205.67M	-320.56M	-443.63M	-230.09M	-40.04M	-63.22M	-399.66M	-94.22M	-165.39M	-219.24M	-192.09M	-127.03M	-387.94M	-228.71M	-57.09M	-60.67M	-34.35M	-23.40M	-90.60M	-40.78M	-47.24M	-43.13M	0.00M	-92.80M	-53.83M
Net Debt Issuance	-7,903.82M	25,276.70M	580.16M	3,666.16M	12,720.42M	-2,077.93M	478.99M	-848.75M	-2,688.69M	-1,846.08M	-2,671.49M	3.00M	779.87M	2,158.05M	5,065.75M	852.28M	2,708.51M	2,442.76M	-133.01M	-191.56M	493.20M	11.74M	426.98M	17.17M	-125.20M	-51.15M
Levered Free Cash Flow	-2,231.55M	34,580.05M	6,407.25M	6,872.44M	19,683.77M	2,492.47M	2,213.40M	715.76M	-815.11M	485.96M	-758.74M	952.65M	1,850.25M	4,159.03M	1,175.44M	669.88M	2,115.28M	2,190.63M	-200.37M	-719.18M	217.84M	-123.89M	336.09M	-46.28M	-146.00M	-53.88M