Tong Ren Tang Technologies Co. Ltd. (1666.HK)

Industry: Drug Manufacturers - General Sector: Healthcare Currency Used: CN 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	2001	2000	1999
Stock Price	4.78	6.57	5.31	6.38	4.73	7.58	9.75	9.91	11.93	10.57	8.53	9.55	6.00	3.31	2.78	1.83	1.24	2.84	2.43	2.41	2.98	2.30	1.45	0.87	0.66	0.76
Market Capitalization	6,123.22M	8,409.30M	6,796.41M	8,165.28M	6,049.98M	9,703.91M	12,492.76M	12,683.94M	15,270.36M	13,533.74M	10,925.76M	11,641.97M	7,053.47M	3,895.08M	3,273.21M	2,153.63M	1,452.50M	3,277.09M	2,718.29M	2,645.82M	3,269.45M	2,517.74M	1,586.82M	952.87M	490.45M	522.91M
(-) Cash & Equivalents	4,035.78M	3,405.53M	3,196.69M	3,825.49M	3,384.50M	2,427.61M	1,848.61M	2,079.34M	2,129.95M	1,692.69M	1,873.13M	1,735.37M	822.80M	712.54M	447.80M	180.33M	131.65M	123.05M	101.77M	103.10M	92.97M	64.07M	120.93M	89.28M	155.48M	5.27M
(+) Total Debt	2,419.06M	1,641.66M	1,616.74M	2,074.02M	1,667.92M	1,277.01M	1,097.60M	1,125.18M	666.52M	173.69M	125.00M	179.57M	126.84M	85.00M	15.00M	7.50M	7.50M	7.50M	42.50M	42.50M	37.50M	7.50M	7.50M	15.00M	22.70M	15.13M
Enterprise Value	4,506.50M	6,645.42M	5,216.46M	6,413.82M	4,333.40M	8,553.30M	11,741.75M	11,729.79M	13,806.93M	12,014.74M	9,177.63M	10,086.17M	6,357.51M	3,267.55M	2,840.42M	1,980.79M	1,328.35M	3,161.54M	2,659.02M	2,585.22M	3,213.98M	2,461.17M	1,473.38M	878.59M	357.67M	532.78M

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	2000-12-31	1999-12-31
Revenue	13,825M	12,573M	7,260M	6,773M	5,992M	5,400M	4,607M	4,476M	5,060M	5,025M	4,665M	4,067M	3,341M	2,911M	2,447M	1,936M	1,579M	1,308M	1,211M	1,157M	1,035M	1,136M	983M	865M	663M	497M	339M	308M
Cost of Revenue	8,241M	7,371M	4,382M	3,926M	3,400M	3,109M	2,540M	2,422M	2,632M	2,500M	2,299M	2,054M	1,726M	1,469M	1,203M	999M	817M	696M	670M	661M	577M	561M	451M	393M	307M	241M	173M	168M
Gross Profit	5,585M	5,201M	2,877M	2,848M	2,592M	2,291M	2,068M	2,054M	2,428M	2,526M	2,366M	2,013M	1,615M	1,441M	1,245M	937M	762M	612M	541M	496M	458M	575M	532M	472M	356M	256M	165M	141M
Gross Profit Margin	40.4%	41.4%	39.6%	42.0%	43.3%	42.4%	44.9%	45.9%	48.0%	50.3%	50.7%	49.5%	48.3%	49.5%	50.9%	48.4%	48.3%	46.8%	44.7%	42.9%	44.2%	50.6%	54.1%	54.6%	53.7%	51.5%	48.9%	45.6%
R&D Expenses	186M	171M	85M	118M	78M	49M	66M	28M	28M	28M	23M	25M	20M	21M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	3,537M	2,856M	1,893M	1,714M	1,391M	1,212M	1,102M	1,116M	1,231M	1,359M	1,359M	1,131M	904M	826M	755M	587M	499M	395M	342M	311M	104M	318M	303M	282M	211M	171M	98M	80M
Operating Expenses	3,554M	2,843M	1,892M	1,731M	1,379M	1,212M	1,126M	1,140M	1,238M	1,361M	1,359M	1,133M	900M	849M	755M	587M	499M	395M	342M	311M	284M	316M	303M	282M	211M	171M	98M	80M
Operating Income (EBIT)	2,031M	2,358M	985M	1,116M	1,213M	1,079M	942M	915M	1,190M	1,164M	1,007M	879M	716M	592M	490M	350M	263M	217M	199M	185M	173M	258M	229M	191M	145M	85M	68M	60M
Operating Income Margin	14.7%	18.8%	13.6%	16.5%	20.2%	20.0%	20.4%	20.4%	23.5%	23.2%	21.6%	21.6%	21.4%	20.4%	20.0%	18.1%	16.6%	16.6%	16.4%	16.0%	16.8%	22.8%	23.3%	22.0%	21.9%	17.2%	20.0%	19.5%
Interest Income	39M	49M	76M	91M	44M	28M	49M	50M	32M	24M	28M	23M	29M	13M	9M	9M	6M	4M	4M	0M	0M	0M	0M	3M	4M	8M	0M	0M
Interest Expense	0M	0M	64M	45M	54M	62M	52M	41M	15M	22M	11M	3M	4M	10M	8M	4M	1M	1M	8M	5M	2M	6M	7M	0M	0M	0M	1M	3M
Net Interest Income	39M	49M	12M	46M	-10M	-34M	-2M	9M	17M	2M	16M	20M	25M	3M	1M	5M	6M	4M	-4M	-5M	-2M	-6M	-7M	3M	4M	8M	-1M	-3M
Unusual Items	86M	-64M	64M	0M	8M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-10M	-20M	-1M	0M	2M	0M	0M	0M	3M	0M	0M	0M	0M	0M
EBT Excluding Unusual Items	2,069M	2,408M	997M	1,162M	1,204M	1,045M	940M	924M	1,207M	1,166M	1,024M	900M	741M	595M	491M	356M	268M	220M	195M	180M	171M	252M	222M	194M	149M	93M	67M	57M
Pre-Tax Income	2,155M	2,344M	1,061M	1,162M	1,212M	1,045M	940M	924M	1,207M	1,166M	1,024M	900M	741M	595M	481M	336M	267M	220M	197M	179M	171M	252M	225M	193M	149M	93M	67M	57M
Pre-Tax Margin	15.6%	18.6%	14.6%	17.2%	20.2%	19.4%	20.4%	20.6%	23.9%	23.2%	21.9%	22.1%	22.2%	20.4%	19.7%	17.3%	16.9%	16.8%	16.3%	15.5%	16.5%	22.2%	22.9%	22.4%	22.4%	18.7%	19.7%	18.5%
Income Tax Expense	352M	389M	174M	170M	210M	178M	153M	182M	201M	196M	173M	157M	124M	92M	82M	54M	42M	36M	31M	26M	28M	19M	18M	16M	1M	-7M	12M	19M
Net Income	1,082M	1,143M	522M	590M	583M	507M	468M	418M	678M	667M	596M	540M	462M	390M	330M	255M	198M	173M	161M	154M	143M	231M	204M	172M	145M	100M	54M	38M
Net Income Margin	7.8%	9.1%	7.2%	8.7%	9.7%	9.4%	10.1%	9.3%	13.4%	13.3%	12.8%	13.3%	13.8%	13.4%	13.5%	13.2%	12.6%	13.2%	13.3%	13.3%	13.9%	20.4%	20.7%	19.9%	21.9%	20.1%	16.1%	12.4%
Depreciation & Amortization	377M	363M	186M	186M	179M	176M	197M	160M	88M	85M	79M	72M	57M	44M	43M	39M	42M	47M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
EBITDA	2,408M	2,721M	1,171M	1,302M	1,392M	1,255M	1,139M	1,075M	1,279M	1,250M	1,086M	951M	773M	636M	533M	389M	305M	264M	199M	184M	173M	258M	229M	191M	145M	85M	68M	60M
EBITDA Margin	17.4%	21.6%	16.1%	19.2%	23.2%	23.2%	24.7%	24.0%	25.3%	24.9%	23.3%	23.4%	23.1%	21.9%	21.8%	20.1%	19.3%	20.2%	16.4%	15.9%	16.8%	22.7%	23.3%	22.0%	21.9%	17.2%	20.0%	19.5%
NOPAT	1,699M	1,967M	823M	953M	1,003M	895M	789M	734M	992M	968M	837M	726M	596M	501M	407M	294M	221M	181M	168M	158M	145M	238M	211M	174M	144M	92M	55M	40M
NOPAT Margin	12.3%	15.6%	11.3%	14.1%	16.7%	16.6%	17.1%	16.4%	19.6%	19.3%	17.9%	17.8%	17.8%	17.2%	16.6%	15.2%	14.0%	13.8%	13.9%	13.7%	14.0%	21.0%	21.4%	20.2%	21.7%	18.4%	16.3%	13.1%
Owner's Earnings	1,194M	1,220M	534M	673M	604M	527M	119M	367M	409M	341M	241M	438M	257M	246M	252M	126M	184M	209M	140M	139M	75M	96M	51M	74M	36M	75M	54M	38M
Owner's Earnings Margin	8.6%	9.7%	7.4%	9.9%	10.1%	9.8%	2.6%	8.2%	8.1%	6.8%	5.2%	10.8%	7.7%	8.4%	10.3%	6.5%	11.6%	16.0%	11.6%	12.0%	7.2%	8.4%	5.2%	8.5%	5.4%	15.1%	16.1%	12.4%
EPS (Basic)	0.84	0.90	0.41	0.46	0.46	0.40	0.37	0.33	0.53	0.52	0.47	0.42	0.36	0.32	0.28	0.22	0.17	0.15	0.14	0.14	0.14	0.21	0.19	0.16	0.14	0.09	0.07	0.06
EPS (Diluted)	0.85	0.89	0.41	0.46	0.46	0.40	0.37	0.33	0.53	0.52	0.47	0.42	0.36	0.32	0.28	0.22	0.17	0.15	0.14	0.13	0.13	0.21	0.19	0.16	0.13	0.09	0.07	0.06
Shares (Basic)	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,209M	1,176M	1,176M	1,176M	1,176M	1,176M	1,142M	1,097M	1,101M	1,097M	1,097M	1,097M	1,097M	738M	660M
Shares (Diluted)	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,281M	1,219M	1,176M	1,176M	1,176M	1,176M	1,176M	1,142M	1,097M	1,101M	1,097M	1,097M	1,097M	1,097M	738M	660M

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	4,781.02M	4,129.49M	4,129.49M	2,746.46M	3,721.67M	3,246.16M	2,947.96M	2,990.65M	1,904.04M	2,023.56M	2,332.11M	1,548.13M	1,774.39M	1,967.92M	844.03M	671.70M	441.11M	360.67M	263.29M	246.10M	203.54M	206.20M	185.93M	128.13M	241.86M	178.57M	310.96M	15.81M
Short-Term Investments	366.38M	251.78M	251.78M	1,491.48M	460.83M	641.62M	537.14M	954.22M	1,776.12M	1,048.43M	855.80M	724.26M	376.20M	398.99M	8.76M	0.00M	0.00M	48.35M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	5,147.40M	4,381.27M	4,381.27M	4,237.94M	4,182.50M	3,887.78M	3,485.10M	3,944.86M	3,680.16M	3,071.99M	3,187.91M	2,272.39M	2,150.59M	2,366.91M	852.80M	671.70M	441.11M	409.02M	263.29M	246.10M	203.54M	206.20M	185.93M	128.13M	241.86M	178.57M	310.96M	15.81M
Net Receivables	1,086.61M	1,103.57M	1,103.57M	888.33M	1,497.25M	1,193.17M	1,044.86M	1,194.59M	1,237.12M	0.00M	0.00M	0.00M	0.00M	0.00M	163.23M	209.78M	174.10M	-36.53M	0.00M	0.00M	10.21M	158.42M	-82.70M	33.09M	8.06M	8.85M	0.00M	40.03M
Inventory	4,631.07M	5,166.00M	5,166.00M	4,744.43M	3,239.21M	2,847.12M	2,733.33M	2,321.78M	2,361.16M	2,302.89M	2,206.33M	1,961.15M	1,749.84M	1,511.02M	1,402.59M	1,328.03M	957.13M	827.64M	798.23M	636.52M	512.21M	479.97M	459.82M	271.27M	232.63M	83.71M	82.07M	98.04M
Other Current Assets	130.54M	69.96M	69.96M	138.92M	76.37M	0.00M	0.00M	119.06M	113.24M	117.27M	127.15M	135.22M	142.61M	111.35M	165.28M	161.52M	96.53M	231.92M	225.81M	295.73M	167.36M	172.12M	240.39M	133.21M	53.37M	208.94M	38.20M	0.00M
Total Current Assets	10,995.62M	10,720.79M	10,720.79M	10,009.62M	8,995.33M	7,928.06M	7,263.28M	7,580.30M	7,391.68M	5,492.15M	5,521.39M	4,368.76M	4,043.03M	3,989.28M	2,583.90M	2,371.03M	1,668.87M	1,432.05M	1,287.33M	1,178.34M	893.32M	1,016.72M	803.44M	565.70M	535.92M	480.06M	431.22M	153.88M
Property, Plant & Equipment	3,232.00M	3,263.03M	3,263.03M	3,220.18M	3,206.07M	3,257.79M	3,306.67M	2,705.26M	2,029.18M	1,674.30M	1,374.17M	1,055.98M	890.41M	656.03M	667.51M	434.34M	387.98M	409.47M	447.22M	502.33M	532.38M	513.38M	403.31M	276.23M	198.14M	95.42M	82.77M	65.88M
Goodwill	0.00M	46.76M	46.76M	45.78M	45.14M	41.40M	43.49M	47.40M	46.43M	44.44M	47.34M	44.54M	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
Intangible Assets	76.02M	30.59M	30.59M	14.45M	17.76M	21.54M	15.96M	18.75M	27.56M	31.03M	35.45M	16.73M	1.88M	125.43M	140.96M	143.88M	45.84M	47.54M	48.76M	51.11M	53.80M	55.33M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	124.67M	115.71M	115.71M	42.04M	42.78M	38.37M	29.38M	35.52M	40.02M	40.64M	39.98M	21.34M	22.40M	13.35M	-8.01M	1.55M	2.89M	0.00M	0.00M	0.00M	4.75M	4.85M	0.00M	0.00M	0.00M	6.19M	0.00M	0.00M
Tax Assets	71.09M	0.44M	0.44M	0.00M	60.98M	66.49M	51.88M	40.77M	37.59M	30.70M	38.20M	29.17M	17.54M	14.05M	13.45M	18.90M	9.75M	3.75M	2.64M	1.39M	0.36M	0.34M	0.30M	0.43M	3.97M	0.23M	0.00M	0.00M
Other Non-Current Assets	42.53M	118.57M	118.57M	126.39M	-60.98M	-66.49M	-51.88M	-40.77M	-37.59M	-30.70M	-38.20M	-29.17M	-17.54M	-139.48M	-130.09M	0.29M	29.58M	0.84M	1.55M	2.27M	4.13M	3.78M	41.95M	39.69M	43.56M	25.75M	0.00M	0.00M
Other Assets	0.00M	0.00M	0.00M	0.00M	100.84M	104.48M	91.82M	82.74M	234.99M	241.87M	215.11M	206.61M	185.13M	166.47M	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	3,546.31M	3,575.12M	3,575.12M	3,448.84M	3,412.59M	3,463.58M	3,487.31M	2,889.67M	2,378.19M	2,032.28M	1,712.04M	1,345.20M	1,099.82M	835.85M	683.82M	598.97M	476.04M	461.60M	500.16M	557.11M	595.42M	577.68M	445.55M	316.34M	245.67M	127.60M	82.77M	65.88M
Total Assets	14,541.93M	14,295.91M	14,295.91M	13,458.46M	12,407.91M	11,391.64M	10,750.60M	10,469.97M	9,769.87M	7,524.43M	7,233.43M	5,713.96M	5,142.85M	4,825.13M	3,267.71M	2,969.99M	2,144.91M	1,893.64M	1,787.49M	1,735.45M	1,488.74M	1,594.39M	1,248.99M	882.04M	781.59M	607.66M	513.99M	219.77M
Accounts Payable	806.27M	1,015.26M	1,015.26M	1,376.74M	823.23M	893.71M	717.83M	682.31M	665.04M	698.42M	597.13M	376.18M	421.92M	360.74M	388.36M	472.64M	212.46M	176.27M	228.42M	205.89M	152.41M	148.63M	194.36M	83.30M	69.39M	28.07M	25.03M	31.92M
Short-Term Debt	375.47M	1,051.97M	1,051.97M	76.65M	250.50M	760.69M	1,056.30M	140.20M	200.15M	209.80M	211.00M	181.50M	100.00M	155.00M	125.00M	125.00M	15.00M	15.00M	15.00M	15.00M	85.00M	85.00M	75.00M	15.00M	15.00M	30.00M	45.40M	45.40M
Tax Payables	46.50M	103.24M	103.24M	76.50M	154.71M	99.12M	36.23M	132.60M	50.28M	49.51M	43.12M	49.67M	26.94M	24.85M	14.26M	19.80M	12.02M	8.11M	0.32M	0.64M	1.97M	6.12M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-298.47M	-824.50M	0.00M	-180.52M	-200.15M	-209.80M	-211.00M	-181.50M	-100.00M	-155.00M	0.00M	0.00M	49.00M	65.02M	0.00M	0.00M	117.98M	123.80M	92.60M	94.31M	85.22M	43.45M	14.81M	53.87M
Other Current Liabilities	145.44M	607.80M	607.80M	410.10M	841.92M	1,258.95M	628.11M	717.77M	335.59M	334.28M	404.10M	316.06M	390.33M	405.58M	109.97M	81.37M	5.12M	66.62M	42.61M	68.56M	56.20M	200.43M	73.23M	54.89M	95.53M	71.72M	46.08M	20.00M
Total Current Liabilities	1,373.68M	2,778.26M	2,778.26M	1,940.00M	1,771.89M	2,187.97M	2,438.46M	1,492.36M	1,050.91M	1,082.21M	1,044.35M	741.90M	839.19M	791.17M	637.60M	698.81M	293.60M	331.01M	286.34M	290.09M	413.55M	563.97M	435.19M	247.51M	265.14M	173.24M	131.32M	151.20M
Long-Term Debt	1,842.10M	1,202.33M	1,202.33M	1,379.45M	1,221.80M	732.15M	483.23M	1,223.57M	911.33M	915.48M	917.55M	0.47M	0.00M	39.31M	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
Capital Lease Obligations	197.41M	170.91M	170.91M	171.11M	122.62M	150.88M	147.59M	99.97M	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	9.10M	9.33M	9.33M	8.49M	7.21M	6.77M	5.84M	6.02M	5.68M	5.30M	5.32M	7.27M	4.26M	3.34M	3.24M	5.14M	5.25M	5.48M	1.98M	2.50M	1.57M	2.04M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	2.82M	2.86M	2.86M	141.08M	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
Total Non-Current Liabilities	2,051.42M	1,385.43M	1,385.43M	1,700.14M	1,351.63M	889.80M	636.66M	1,329.56M	917.01M	920.78M	922.87M	7.74M	4.26M	42.65M	3.24M	5.14M	5.25M	5.48M	1.98M	2.50M	1.57M	2.04M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Liabilities	3,425.09M	4,163.69M	4,163.69M	3,640.13M	3,123.51M	3,077.77M	3,075.11M	2,821.93M	1,967.92M	2,002.99M	1,967.22M	749.64M	843.46M	833.82M	640.84M	703.95M	298.85M	336.50M	288.32M	292.60M	415.12M	566.01M	435.19M	247.51M	265.14M	173.24M	131.32M	151.20M
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	0.00M	0.00M	0.00M
Common Stock	1,280.78M	1,280.78M	1,280.78M	1,280.78M	1,280.78M	1,280.78M	1,280.78M	1,280.78M	1,280.78M	1,280.78M	1,280.78M	1,280.78M	1,280.78M	640.39M	588.00M	588.00M	196.00M	196.00M	196.00M	196.00M	0.00M	182.80M	182.80M	182.80M	182.80M	182.80M	182.80M	0.00M
Retained Earnings	4,439.42M	5,240.08M	5,240.08M	4,948.82M	4,563.56M	4,185.60M	3,883.27M	3,620.65M	3,433.54M	2,973.45M	2,511.71M	2,108.18M	1,747.01M	1,444.92M	147.00M	754.28M	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	0.00M	685.34M	685.34M	659.81M	638.41M	513.10M	567.49M	625.83M	602.33M	562.38M	610.69M	580.34M	521.80M	1,171.97M	-427.00M	-396.72M	876.94M	-298.64M	0.00M	-95.81M	0.00M	0.00M	-145.33M	-124.07M	-108.28M	0.00M	-86.60M	-58.68M
Minority Interest	2,914.60M	2,958.88M	2,958.88M	2,762.47M	2,534.19M	2,178.92M	2,019.96M	1,887.32M	1,960.20M	1,642.92M	1,481.92M	1,193.73M	886.57M	751.34M	288.21M	220.18M	177.50M	134.47M	124.51M	122.87M	52.97M	59.65M	38.20M	17.06M	14.48M	12.13M	0.00M	0.00M
Total Shareholders’ Equity	5,720.21M	7,206.20M	7,206.20M	6,889.42M	6,482.75M	5,979.48M	5,731.55M	5,527.26M	5,316.65M	4,816.62M	4,403.18M	3,969.30M	3,549.59M	3,257.28M	308.00M	945.56M	1,072.94M	-102.64M	196.00M	100.19M	0.00M	182.80M	37.47M	58.73M	74.52M	182.80M	96.20M	-58.68M
Total Equity	8,634.80M	10,165.08M	10,165.08M	9,651.89M	9,016.94M	8,158.40M	7,751.51M	7,414.57M	7,276.85M	6,459.54M	5,885.11M	5,163.04M	4,436.15M	4,008.62M	596.21M	1,165.74M	1,250.44M	31.82M	320.51M	223.07M	52.97M	242.45M	75.66M	75.79M	89.00M	194.93M	96.20M	-58.68M
Total Liabilities & Equity	12,059.90M	14,328.77M	14,328.77M	13,292.02M	12,140.45M	11,236.17M	10,826.62M	10,236.50M	9,244.77M	8,462.53M	7,852.33M	5,912.68M	5,279.61M	4,842.44M	1,237.05M	1,869.69M	1,549.29M	368.32M	608.84M	515.66M	468.09M	808.45M	510.85M	323.29M	354.14M	368.17M	227.52M	92.52M
Tangible Assets	14,465.90M	14,218.55M	14,218.55M	13,398.23M	12,345.01M	11,328.70M	10,691.15M	10,403.82M	9,695.88M	7,448.97M	7,150.64M	5,652.69M	5,140.98M	4,699.71M	3,126.75M	2,826.11M	2,099.07M	1,846.11M	1,738.73M	1,684.34M	1,434.95M	1,539.06M	1,248.99M	882.04M	781.59M	607.66M	513.99M	219.77M
Tangible Equity	8,558.78M	10,087.73M	10,087.73M	9,591.65M	8,954.04M	8,095.46M	7,692.06M	7,348.42M	7,202.86M	6,384.07M	5,802.32M	5,101.77M	4,434.28M	3,883.19M	455.25M	1,021.86M	1,204.60M	-15.71M	271.76M	171.95M	-0.83M	187.12M	75.66M	75.79M	89.00M	194.93M	96.20M	-58.68M
Tangible Book Value	8,558.78M	10,087.73M	10,087.73M	9,591.65M	8,954.04M	8,095.46M	7,692.06M	7,348.42M	7,202.86M	6,384.07M	5,802.32M	5,101.77M	4,434.28M	3,883.19M	455.25M	1,021.86M	1,204.60M	-15.71M	271.76M	171.95M	-0.83M	187.12M	75.66M	75.79M	89.00M	194.93M	96.20M	-58.68M
Total Investments	490.67M	367.50M	367.50M	1,533.15M	503.19M	679.99M	566.52M	958.06M	1,787.14M	1,089.07M	895.77M	745.60M	398.60M	412.34M	0.75M	1.55M	2.89M	48.35M	0.00M	0.00M	4.75M	4.85M	4.95M	5.30M	5.72M	6.19M	0.00M	0.00M
Net Debt	-2,563.46M	-1,875.19M	-1,875.19M	-1,290.36M	-2,249.38M	-1,753.31M	-1,408.43M	-1,626.88M	-792.56M	-898.28M	-1,203.56M	-1,366.16M	-1,674.39M	-1,773.61M	-719.03M	-546.70M	-426.11M	-345.67M	-248.29M	-231.10M	-118.54M	-121.20M	-110.93M	-113.13M	-226.86M	-148.57M	-265.56M	29.59M

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	8,713.9M	7,992.0M	7,992.0M	7,820.0M	7,020.5M	5,672.2M	4,998.6M	5,890.6M	5,899.4M	5,441.8M	5,171.9M	3,911.8M	3,414.7M	3,291.0M	1,597.9M	1,397.4M	1,290.8M	1,144.5M	998.0M	877.6M	468.6M	432.2M	382.3M	352.6M	317.7M	341.0M	312.3M	15.8M
Total Capital	9,711.1M	9,631.4M	9,631.4M	8,516.6M	8,077.7M	7,623.2M	7,418.7M	6,991.0M	6,428.1M	5,941.9M	5,531.7M	4,151.3M	3,649.6M	3,451.6M	2,064.7M	1,843.9M	1,574.0M	1,470.6M	1,375.4M	1,312.1M	1,083.3M	1,020.7M	853.7M	666.9M	563.9M	486.5M	440.5M	127.1M
Capital Employed	12,260.2M	11,567.1M	11,567.1M	11,268.9M	10,433.1M	9,135.7M	8,485.9M	8,780.3M	8,277.5M	7,474.1M	6,883.9M	5,257.0M	4,514.5M	4,126.8M	2,281.7M	1,996.4M	1,766.8M	1,606.1M	1,498.2M	1,434.7M	1,064.0M	1,009.9M	827.9M	669.0M	563.4M	468.6M	395.1M	81.7M
Invested Capital	4,930.1M	5,501.9M	5,501.9M	5,770.2M	4,356.0M	4,377.0M	4,470.7M	4,000.4M	4,524.1M	3,918.3M	3,199.6M	2,603.1M	1,875.2M	1,483.7M	1,220.7M	1,172.2M	1,132.9M	1,109.9M	1,112.1M	1,066.0M	879.7M	814.5M	667.8M	538.8M	322.0M	307.9M	129.5M	111.3M

Cash Flow Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	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
Net Income	1,085.92M	1,108.81M	1,061.21M	1,162.46M	582.89M	507.25M	467.55M	417.65M	677.82M	666.67M	595.65M	541.03M	462.19M	390.09M	481.08M	335.90M	267.22M	220.19M	160.53M	153.52M	143.46M	231.19M	203.95M	171.77M	144.88M	99.92M	54.38M	38.26M
Depreciation & Amortization	445.58M	508.61M	0.00M	277.15M	261.72M	249.72M	270.25M	160.06M	84.80M	82.08M	75.96M	71.56M	57.37M	44.14M	43.40M	39.02M	42.43M	47.07M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	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	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	-1,697.00M	-928.06M	-680.22M	-548.26M	-703.10M	-415.18M	-399.21M	23.99M	-0.42M	-480.64M	-681.26M	-256.28M	-290.49M	-180.57M	-33.45M	-96.08M	-1.53M	-32.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Receivable	201.76M	-474.46M	-287.24M	539.98M	-316.63M	-196.43M	55.61M	27.69M	95.23M	-353.97M	-414.09M	-58.99M	-46.22M	-93.11M	0.00M	0.00M	3.28M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-1,804.32M	-558.11M	-433.20M	-1,514.09M	-386.47M	-218.76M	-454.82M	-3.69M	-95.65M	-126.67M	-267.17M	-197.29M	-244.27M	-87.45M	-68.25M	-373.37M	-132.09M	-37.20M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	-181.06M	54.49M	100.11M	12.32M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	36.19M	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	-94.44M	104.50M	40.22M	425.85M	181.06M	-54.49M	-100.11M	-12.32M	71.53M	-39.40M	-36.42M	-200.53M	-85.66M	0.75M	34.80M	277.28M	91.08M	4.90M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Cash Items	1,023.92M	1,506.00M	-365.39M	-337.17M	582.25M	691.63M	97.22M	450.07M	223.04M	411.71M	419.65M	-52.47M	104.81M	121.78M	-89.38M	-23.01M	-41.28M	-3.67M	-44.68M	-195.78M	-16.07M	-66.53M	-36.74M	-39.41M	-49.61M	64.82M	11.42M	47.10M
Net Cash from Operating Activities	858.42M	2,112.13M	15.61M	554.18M	723.77M	1,033.42M	435.81M	1,051.78M	985.24M	679.81M	410.01M	303.84M	333.88M	375.45M	401.65M	255.83M	266.84M	231.29M	115.85M	-42.26M	127.39M	164.65M	167.21M	132.36M	95.28M	164.74M	65.80M	85.36M
Capital Expenditures (PPE)	-174.05M	-285.13M	-174.16M	-103.39M	-157.92M	-156.41M	-545.90M	-210.42M	-356.79M	-411.57M	-434.11M	-174.18M	-262.44M	-188.64M	-121.17M	-167.34M	-57.15M	-10.81M	-20.40M	-14.32M	-68.80M	-135.16M	-152.52M	-97.86M	-109.20M	-24.71M	0.00M	0.00M
Acquisitions (Net)	-16.77M	57.44M	0.00M	0.00M	-177.04M	-12.50M	-436.74M	-672.27M	1.97M	196.69M	-22.20M	3.20M	11.82M	5.71M	9.18M	16.86M	-39.24M	0.00M	0.00M	4.33M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-701.81M	-979.43M	-43.23M	-1,273.61M	-326.00M	-503.04M	-518.23M	-1,328.42M	-705.88M	-418.69M	-1,225.98M	-734.26M	-410.81M	-398.40M	-8.76M	-9.41M	0.00M	-48.35M	0.00M	-74.09M	0.00M	0.00M	0.00M	0.00M	0.00M	-6.37M	0.00M	0.00M
Sales / Maturities of Investments	1,166.90M	821.30M	1,252.64M	226.00M	503.04M	454.40M	954.97M	2,000.70M	152.80M	222.00M	1,134.26M	401.20M	398.99M	5.98M	9.41M	96.53M	0.00M	5.20M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	-26.35M	-571.47M	11.57M	83.47M	200.93M	20.19M	350.46M	667.33M	27.42M	5.93M	107.38M	28.26M	21.08M	2.15M	1.32M	36.76M	-36.30M	4.74M	83.62M	5.82M	21.04M	41.43M	38.84M	-76.94M	147.06M	-224.52M	-6.68M	-10.72M
Net Cash from Investing Activities	247.93M	-689.54M	1,046.80M	-1,067.53M	43.01M	-197.36M	-195.44M	456.90M	-880.47M	-602.32M	-440.65M	-475.78M	-253.18M	-573.20M	-110.02M	-26.60M	-132.68M	-49.23M	63.22M	-78.26M	-47.76M	-93.73M	-113.67M	-174.80M	37.86M	-255.60M	-6.68M	-10.72M
Net Debt Issuance	676.74M	-60.68M	798.19M	-93.04M	-90.21M	-99.43M	129.61M	189.51M	-14.25M	-3.70M	948.50M	77.47M	-94.31M	69.31M	0.00M	110.00M	0.00M	0.00M	0.00M	-70.00M	0.00M	10.00M	60.00M	0.00M	-15.00M	-15.40M	0.00M	-8.30M
Long-Term Debt Issuance	676.74M	-60.68M	798.19M	-16.20M	-20.34M	-39.79M	186.09M	234.85M	-14.25M	-3.70M	948.50M	77.47M	-94.31M	69.31M	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
Short-Term Debt Issuance	0.00M	0.00M	0.00M	-76.84M	-69.87M	-59.64M	-56.48M	-45.34M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.68M	110.00M	0.00M	0.00M	0.00M	-70.00M	0.00M	10.00M	60.00M	0.00M	-15.00M	-15.40M	0.00M	-8.30M
Net 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	1,515.63M	0.00M	2.48M	29.91M	0.00M	0.00M	226.42M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	240.37M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	17.08M	0.00M	1,515.63M	3.20M	2.48M	29.91M	0.00M	0.00M	226.42M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	240.37M	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	0.00M	0.00M	0.00M	0.00M	110.10M	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	0.00M	0.00M	0.00M
Net Dividends Paid	-431.18M	-398.09M	-228.27M	-202.91M	-204.93M	-204.93M	-204.93M	-230.54M	-217.73M	-204.93M	-192.12M	-179.31M	-160.10M	-147.00M	-111.72M	-94.08M	-94.40M	0.00M	-79.31M	-73.71M	-85.89M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Dividends Paid	-431.18M	-401.11M	-228.27M	-202.91M	-204.93M	-204.93M	-204.93M	-230.54M	-217.73M	-204.93M	-192.12M	-179.31M	-160.10M	-147.00M	-111.72M	-94.08M	-88.20M	-79.17M	-79.31M	-73.71M	-85.89M	-84.09M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Dividends Paid	0.00M	-25.02M	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
Other Financing Activities	-551.86M	-1,387.82M	-281.57M	-201.82M	-204.32M	-170.32M	-89.20M	-425.08M	-79.01M	-60.14M	-44.92M	-31.58M	-22.06M	-79.19M	-8.50M	-14.34M	-15.39M	1.21M	0.25M	4.64M	3.60M	23.44M	-55.74M	-71.29M	-54.84M	-26.14M	-4.34M	-76.24M
Net Cash from Financing Activities	-306.30M	-1,866.40M	288.35M	-497.76M	-499.45M	-474.67M	-164.51M	-466.11M	-311.00M	-268.77M	711.46M	-133.42M	-276.47M	1,358.75M	-120.22M	4.05M	-73.68M	-79.17M	-78.03M	87.35M	-82.29M	-50.65M	4.26M	-71.29M	-69.84M	-41.54M	236.03M	-84.54M
Effect of FX on Cash	-27.11M	216.88M	32.27M	35.90M	208.18M	-63.18M	-118.54M	44.04M	86.71M	-117.27M	103.16M	67.92M	2.24M	-28.26M	0.93M	-2.70M	0.71M	-0.32M	-4.75M	-8.56M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	3,548.43M	-1,157.49M	1,383.03M	-975.21M	475.51M	298.20M	-42.69M	1,086.61M	-119.53M	-308.55M	783.98M	-226.26M	-193.53M	1,132.74M	172.34M	230.59M	61.18M	102.58M	96.29M	-41.74M	-2.67M	20.27M	57.80M	-113.73M	63.30M	-132.39M	295.15M	-9.90M
Cash at Beginning of Period	7,912.98M	14,404.21M	2,746.46M	3,721.67M	3,246.16M	2,947.96M	2,990.65M	1,904.04M	2,023.56M	2,332.11M	1,548.13M	1,774.39M	1,967.92M	835.18M	671.70M	441.11M	379.93M	258.09M	161.80M	203.54M	206.20M	185.93M	128.13M	241.86M	178.57M	310.96M	15.81M	25.71M
Cash at End of Period	11,459.46M	13,246.71M	4,129.49M	2,746.46M	3,721.67M	3,246.16M	2,947.96M	2,990.65M	1,904.04M	2,023.56M	2,332.11M	1,548.13M	1,774.39M	1,967.92M	844.03M	671.70M	441.11M	360.67M	258.09M	161.80M	203.54M	206.20M	185.93M	128.13M	241.86M	178.57M	310.96M	15.81M
Operating Cash Flow	858.42M	2,112.13M	15.61M	554.18M	723.77M	1,033.42M	435.81M	1,051.78M	985.24M	679.81M	410.01M	303.84M	333.88M	375.45M	401.65M	255.83M	266.84M	231.29M	115.85M	-42.26M	127.39M	164.65M	167.21M	132.36M	95.28M	164.74M	65.80M	85.36M
Capital Expenditure	-265.78M	-285.13M	-174.16M	-103.39M	-157.92M	-156.41M	-545.90M	-210.42M	-356.79M	-411.57M	-434.11M	-174.18M	-262.44M	-188.64M	-121.17M	-167.34M	-57.15M	-10.81M	-20.40M	-14.32M	-68.80M	-135.16M	-152.52M	-97.86M	-109.20M	-24.71M	0.00M	0.00M
Free Cash Flow	592.64M	1,826.99M	-158.56M	450.78M	565.85M	877.01M	-110.09M	841.35M	628.45M	268.24M	-24.11M	129.66M	71.44M	186.81M	280.48M	88.49M	209.69M	220.48M	95.45M	-56.58M	58.59M	29.49M	14.70M	34.50M	-13.92M	140.03M	65.80M	85.36M

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	2000-12-31	1999-12-31
EBITDA	2,239.14M	2,537.86M	1,086.02M	1,201.70M	1,301.75M	1,206.34M	1,096.89M	1,070.01M	1,257.68M	1,224.34M	1,063.49M	928.19M	749.45M	637.59M	533.41M	389.43M	305.10M	263.77M	198.89M	184.24M	353.23M	256.52M	229.01M	190.59M	144.89M	85.33M	67.79M	60.14M
(-) Tax Adjustment	365.40M	421.13M	178.35M	175.89M	225.95M	205.72M	178.74M	211.00M	209.65M	206.12M	179.26M	162.13M	125.73M	98.51M	90.42M	63.12M	48.10M	43.45M	30.76M	26.37M	57.30M	19.82M	18.45M	16.25M	0.93M	0.00M	12.46M	19.85M
(-) Change In Working Capital	-1,697.00M	-928.06M	-680.22M	-548.26M	-703.10M	-415.18M	-399.21M	23.99M	-0.42M	-480.64M	-681.26M	-256.28M	-290.49M	-180.57M	-33.45M	-96.08M	-1.53M	-32.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
(-) Capital Expenditure	-265.78M	-285.13M	-174.16M	-103.39M	-157.92M	-156.41M	-545.90M	-210.42M	-356.79M	-411.57M	-434.11M	-174.18M	-262.44M	-188.64M	-121.17M	-167.34M	-57.15M	-10.81M	-20.40M	-14.32M	-68.80M	-135.16M	-152.52M	-97.86M	-109.20M	-24.71M	0.00M	0.00M
Unlevered Free Cash Flow	3,304.96M	2,759.67M	1,413.72M	1,470.67M	1,620.98M	1,259.39M	771.46M	624.59M	691.66M	1,087.30M	1,131.39M	848.16M	651.78M	531.00M	355.28M	255.05M	201.38M	241.82M	147.73M	143.55M	227.12M	101.53M	58.04M	76.48M	34.77M	60.62M	55.33M	40.29M
(-) Net Interest Income After Taxes	32.34M	41.26M	9.84M	39.33M	-7.91M	-27.99M	-2.05M	7.01M	14.03M	1.75M	13.67M	16.80M	20.81M	2.34M	0.99M	4.32M	4.84M	2.95M	-3.14M	-4.21M	-1.77M	-5.89M	-6.34M	2.96M	4.19M	7.61M	-0.95M	-2.03M
Net Debt Issuance	676.74M	-60.68M	798.19M	-93.04M	-90.21M	-99.43M	129.61M	189.51M	-14.25M	-3.70M	948.50M	77.47M	-94.31M	69.31M	0.00M	110.00M	0.00M	0.00M	0.00M	-70.00M	0.00M	10.00M	60.00M	0.00M	-15.00M	-15.40M	0.00M	-8.30M
Levered Free Cash Flow	3,949.37M	2,657.72M	2,202.08M	1,338.31M	1,538.69M	1,187.95M	903.12M	807.09M	663.38M	1,081.85M	2,066.22M	908.84M	536.66M	597.98M	354.29M	360.74M	196.54M	238.87M	150.87M	77.76M	228.89M	117.42M	124.38M	73.52M	15.58M	37.60M	56.28M	34.02M