China Datang Corporation Renewable Power Co., Limited (1798.HK)

Industry: Renewable Utilities Sector: Utilities Currency Used: CN Live Price: $2.02

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Stock Price	1.94	2.03	2.16	2.39	0.91	0.73	0.98	0.76	0.64	0.89	0.80	1.29	0.84	1.36	1.86	1.93
Market Capitalization	19,193.87M	14,778.52M	15,705.06M	17,373.58M	6,621.29M	5,278.67M	7,108.58M	5,499.67M	4,678.15M	6,470.40M	5,843.96M	9,402.33M	6,109.04M	9,850.91M	9,430.88M	9,696.46M
(-) Cash & Equivalents	2,191.41M	2,751.81M	3,678.50M	2,707.49M	4,500.38M	3,228.24M	2,740.02M	1,289.24M	1,129.34M	1,386.37M	1,745.28M	1,301.63M	2,490.51M	4,326.86M	2,515.67M	177.05M
(+) Total Debt	64,277.20M	55,495.09M	53,540.84M	55,740.07M	56,313.97M	55,076.80M	50,305.24M	47,557.68M	42,728.51M	40,197.10M	40,572.74M	38,779.87M	19,080.92M	31,854.53M	12,788.14M	5,272.51M
Enterprise Value	81,279.66M	67,521.79M	65,567.40M	70,406.16M	58,434.88M	57,127.23M	54,673.80M	51,768.11M	46,277.32M	45,281.13M	44,671.42M	46,880.57M	22,699.45M	37,378.58M	19,703.34M	14,791.91M

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
Revenue	22,748M	22,266M	12,576M	12,802M	12,499M	11,868M	9,372M	8,325M	8,319M	7,104M	5,786M	5,588M	5,186M	5,630M	4,368M	3,829M	2,380M	1,428M
Cost of Revenue	-1,813M	-1,534M	397M	318M	388M	656M	370M	311M	308M	249M	250M	424M	175M	371M	115M	54M	25M	48M
Gross Profit	24,562M	23,800M	12,179M	12,484M	12,111M	11,212M	9,002M	8,014M	8,011M	6,855M	5,536M	5,164M	5,011M	5,259M	4,253M	3,774M	2,355M	1,380M
Gross Profit Margin	108.0%	106.9%	96.8%	97.5%	96.9%	94.5%	96.1%	96.3%	96.3%	96.5%	95.7%	92.4%	96.6%	93.4%	97.4%	98.6%	99.0%	96.6%
R&D Expenses	3M	20M	0M	3M	0M	10M	1M	2M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	1,893M	1,253M	1,357M	86M	107M	247M	249M	573M	494M	465M	449M	416M	405M	394M	0M	0M	0M	0M
Operating Expenses	15,056M	9,260M	7,472M	7,178M	5,904M	6,424M	5,080M	4,519M	4,141M	3,961M	3,434M	3,092M	2,965M	2,867M	2,282M	1,299M	834M	527M
Operating Income (EBIT)	9,506M	14,540M	4,707M	5,307M	6,207M	4,788M	3,922M	3,495M	3,871M	2,894M	2,102M	2,072M	2,046M	2,393M	1,971M	2,476M	1,521M	853M
Operating Income Margin	41.8%	65.3%	37.4%	41.5%	49.7%	40.3%	41.8%	42.0%	46.5%	40.7%	36.3%	37.1%	39.5%	42.5%	45.1%	64.7%	63.9%	59.7%
Interest Income	11M	3,010M	10M	16M	29M	22M	37M	41M	35M	19M	18M	46M	28M	31M	30M	11M	20M	6M
Interest Expense	2,751M	426M	1,618M	1,716M	1,915M	2,127M	2,147M	2,183M	2,139M	1,895M	1,742M	1,970M	2,260M	2,142M	1,975M	1,328M	772M	480M
Net Interest Income	-2,740M	2,584M	-1,608M	-1,700M	-1,886M	-2,104M	-2,110M	-2,142M	-2,105M	-1,875M	-1,724M	-1,924M	-2,233M	-2,111M	-1,945M	-1,317M	-752M	-474M
Unusual Items	-617M	-9,834M	19M	17M	23M	-15M	67M	86M	-37M	41M	24M	7M	125M	78M	151M	-153M	-35M	5M
EBT Excluding Unusual Items	6,765M	17,124M	3,099M	3,607M	4,321M	2,684M	1,813M	1,354M	1,766M	1,018M	377M	148M	-186M	282M	26M	1,158M	769M	379M
Pre-Tax Income	6,149M	7,290M	3,118M	3,623M	4,344M	2,668M	1,879M	1,440M	1,729M	1,059M	401M	155M	-62M	360M	176M	1,005M	735M	384M
Pre-Tax Margin	27.0%	32.7%	24.8%	28.3%	34.8%	22.5%	20.1%	17.3%	20.8%	14.9%	6.9%	2.8%	-1.2%	6.4%	4.0%	26.3%	30.9%	26.9%
Income Tax Expense	1,043M	861M	500M	530M	452M	376M	327M	296M	303M	156M	108M	92M	66M	53M	-10M	35M	57M	17M
Net Income	4,565M	4,896M	2,378M	2,753M	3,485M	2,032M	1,187M	936M	1,209M	728M	198M	14M	-150M	237M	112M	730M	456M	248M
Net Income Margin	20.1%	22.0%	18.9%	21.5%	27.9%	17.1%	12.7%	11.2%	14.5%	10.2%	3.4%	0.2%	-2.9%	4.2%	2.6%	19.1%	19.2%	17.4%
Depreciation & Amortization	7,943M	5,537M	5,127M	5,296M	4,999M	4,450M	3,839M	3,580M	3,410M	3,171M	2,841M	2,532M	2,362M	2,201M	1,857M	1,361M	886M	553M
EBITDA	17,449M	20,077M	9,834M	10,602M	11,206M	9,238M	7,761M	7,075M	7,281M	6,065M	4,942M	4,604M	4,408M	4,593M	3,827M	3,837M	2,407M	1,406M
EBITDA Margin	76.7%	90.2%	78.2%	82.8%	89.7%	77.8%	82.8%	85.0%	87.5%	85.4%	85.4%	82.4%	85.0%	81.6%	87.6%	100.2%	101.2%	98.4%
NOPAT	7,894M	12,823M	3,951M	4,531M	5,560M	4,112M	3,240M	2,777M	3,194M	2,466M	1,534M	841M	1,617M	2,040M	2,085M	2,390M	1,403M	815M
NOPAT Margin	34.7%	57.6%	31.4%	35.4%	44.5%	34.6%	34.6%	33.4%	38.4%	34.7%	26.5%	15.0%	31.2%	36.2%	47.7%	62.4%	58.9%	57.0%
Owner's Earnings	-8,638M	-1,570M	-6,173M	1,534M	1,510M	-1,730M	-4,213M	-1,833M	-527M	-604M	-3,042M	-2,672M	-3,301M	-2,164M	-4,895M	-8,378M	-8,513M	-7,340M
Owner's Earnings Margin	-38.0%	-7.1%	-49.1%	12.0%	12.1%	-14.6%	-45.0%	-22.0%	-6.3%	-8.5%	-52.6%	-47.8%	-63.7%	-38.4%	-112.1%	-218.8%	-357.7%	-514.0%
EPS (Basic)	0.52	0.67	0.26	0.31	0.40	0.21	0.13	0.13	0.17	0.08	0.03	0.00	-0.02	0.03	0.02	0.10	0.09	0.05
EPS (Diluted)	0.63	0.67	0.33	0.38	0.48	0.28	0.16	0.13	0.17	0.10	0.03	0.00	-0.02	0.03	0.02	0.10	0.09	0.05
Shares (Basic)	8,834M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	5,082M	5,000M
Shares (Diluted)	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	7,274M	5,082M	5,000M

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
Cash & Cash Equivalents	2,134.33M	1,944.45M	1,944.45M	3,055.71M	2,440.99M	3,119.96M	3,052.72M	3,517.16M	3,632.83M	1,223.92M	1,166.21M	1,077.79M	2,190.21M	1,001.39M	2,103.83M	4,162.42M	5,031.35M	531.16M
Short-Term Investments	0.00M	0.00M	0.00M	17.00M	0.00M	18.00M	19.49M	0.00M	0.00M	40.00M	0.00M	0.00M	350.00M	0.00M	16.47M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	2,134.33M	1,944.45M	1,944.45M	3,072.71M	2,440.99M	3,137.96M	3,072.21M	3,517.16M	3,632.83M	1,263.92M	1,166.21M	1,077.79M	2,540.21M	1,001.39M	2,120.30M	4,162.42M	5,031.35M	531.16M
Net Receivables	24,773.94M	21,958.47M	21,958.47M	17,800.41M	16,323.74M	16,478.14M	12,428.69M	9,546.09M	7,487.38M	5,069.18M	2,869.71M	1,401.03M	3,343.17M	3,932.10M	4,327.21M	2,400.27M	1,640.91M	1,032.37M
Inventory	120.67M	107.90M	107.90M	110.84M	122.86M	124.23M	221.59M	193.73M	167.57M	137.92M	114.48M	48.21M	35.25M	16.89M	14.21M	12.46M	10.41M	6.03M
Other Current Assets	894.01M	745.68M	745.68M	1,524.23M	9.03M	1,475.16M	1,146.75M	1,030.62M	8,534.49M	5,057.80M	3,951.65M	2,262.29M	3,919.48M	4,716.09M	4,116.49M	4,032.27M	1,881.09M	818.69M
Total Current Assets	27,922.95M	24,756.49M	24,756.49M	22,508.19M	18,896.62M	21,215.48M	16,869.24M	14,287.60M	19,822.27M	11,528.83M	8,102.04M	4,789.32M	9,838.11M	9,666.47M	10,578.20M	10,607.42M	8,563.75M	2,388.25M
Property, Plant & Equipment	84,694.78M	84,479.39M	84,479.39M	75,047.89M	74,797.18M	73,570.00M	68,738.69M	60,138.95M	56,429.52M	58,087.88M	57,914.11M	52,523.46M	48,783.40M	45,160.11M	44,854.54M	41,111.11M	31,000.43M	21,414.91M
Goodwill	0.00M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M	58.06M
Intangible Assets	422.86M	1,991.87M	1,991.87M	301.78M	1,369.70M	1,276.28M	1,062.60M	949.94M	1,140.62M	1,120.51M	1,225.68M	1,210.48M	957.74M	910.44M	692.87M	665.23M	587.01M	408.67M
Long-Term Investments	1,076.09M	1,073.46M	1,073.46M	1,039.23M	1,055.15M	1,024.95M	1,048.98M	1,260.55M	1,129.17M	1,083.60M	1,079.91M	1,025.96M	731.00M	963.96M	596.01M	516.83M	72.02M	65.47M
Tax Assets	133.13M	0.00M	0.00M	-30.27M	27.19M	27.66M	12.43M	12.39M	15.86M	24.14M	34.33M	34.54M	37.71M	35.71M	30.06M	7.96M	8.53M	3.00M
Other Non-Current Assets	1,828.07M	4,574.84M	4,574.84M	2,620.44M	1,327.94M	1,742.28M	1,773.07M	2,802.75M	2,842.61M	2,452.05M	2,849.41M	2,352.97M	2,859.18M	2,841.81M	2,779.00M	215.63M	50.09M	0.61M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	88,154.93M	92,177.61M	92,177.61M	79,037.12M	78,635.22M	77,699.23M	72,693.82M	65,222.64M	61,615.84M	62,826.24M	63,161.48M	57,205.46M	53,427.08M	49,970.08M	49,010.54M	42,574.81M	31,776.13M	21,950.71M
Total Assets	116,077.87M	116,934.10M	116,934.10M	101,545.31M	97,531.84M	98,914.71M	89,563.06M	79,510.24M	81,438.10M	74,355.06M	71,263.52M	61,994.78M	63,265.19M	59,636.55M	59,588.74M	53,182.23M	40,339.88M	24,338.96M
Accounts Payable	300.41M	225.09M	225.09M	197.91M	279.44M	369.96M	282.58M	366.64M	364.42M	1,428.97M	2,362.16M	1,318.30M	433.85M	308.73M	637.30M	503.71M	85.12M	2,984.40M
Short-Term Debt	16,379.67M	22,544.12M	22,544.12M	10,738.63M	8,326.07M	12,379.75M	14,496.16M	20,119.41M	14,626.86M	13,339.00M	10,191.46M	10,630.35M	6,223.40M	5,412.19M	5,456.63M	5,667.27M	3,619.41M	1,527.53M
Tax Payables	263.42M	0.00M	0.00M	265.91M	306.48M	185.77M	239.84M	259.20M	100.11M	218.44M	108.02M	39.12M	75.70M	62.95M	46.96M	22.26M	50.51M	28.21M
Deferred Revenue	0.00M	0.00M	0.00M	-151.55M	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 Current Liabilities	59.30M	53.14M	53.14M	49.86M	51.29M	48.61M	49.30M	46.61M	84.90M	6,404.27M	73.43M	85.44M	138.79M	73.58M	199.26M	330.70M	0.00M	0.00M
Total Current Liabilities	17,002.81M	22,822.35M	22,822.35M	11,100.76M	8,963.28M	12,984.10M	15,067.89M	20,791.86M	15,176.28M	21,390.68M	12,735.07M	12,073.21M	6,871.73M	5,857.45M	6,340.15M	6,523.93M	3,755.04M	4,540.14M
Long-Term Debt	51,612.41M	44,394.90M	44,394.90M	44,824.25M	44,038.38M	42,940.90M	37,359.16M	37,808.22M	35,780.68M	34,535.77M	34,204.49M	29,784.58M	35,019.80M	33,765.66M	32,705.21M	29,514.05M	21,956.86M	14,289.99M
Capital Lease Obligations	1,175.60M	1,458.88M	1,458.88M	1,789.78M	2,329.43M	2,635.89M	2,932.82M	1,097.19M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	50.95M	0.00M	0.00M	17.61M	17.90M	17.62M	15.94M	18.43M	19.91M	22.03M	24.16M	26.29M	29.41M	31.53M	32.66M	59.93M	61.00M	64.30M
Other Non-Current Liabilities	189.19M	246.87M	246.87M	183.80M	177.32M	171.61M	166.32M	161.51M	2,348.62M	381.73M	371.10M	158.21M	490.59M	489.31M	184.29M	143.17M	5.32M	0.00M
Total Non-Current Liabilities	53,028.15M	46,100.64M	46,100.64M	46,815.44M	46,563.04M	45,766.03M	40,474.24M	39,085.34M	38,149.20M	34,939.53M	34,599.75M	29,969.07M	35,539.80M	34,286.50M	32,922.17M	29,717.14M	22,023.17M	14,354.29M
Total Liabilities	70,030.96M	68,922.99M	68,922.99M	57,916.20M	55,526.31M	58,750.13M	55,542.12M	59,877.20M	53,325.48M	56,330.21M	47,334.82M	42,042.28M	42,411.52M	40,143.95M	39,262.32M	36,241.07M	25,778.21M	18,894.43M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	103.27M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,273.70M	7,142.61M	0.00M
Retained Earnings	10,916.91M	9,865.04M	9,865.04M	8,858.50M	7,994.30M	5,379.68M	3,666.48M	2,951.13M	2,339.91M	1,426.34M	964.07M	913.44M	1,015.73M	1,188.79M	1,129.05M	1,341.80M	680.26M	346.28M
Accumulated OCI	0.00M	0.00M	0.00M	12,814.18M	12,837.92M	12,673.86M	0.00M	-103.27M	1,773.98M	392.80M	-14,612.15M	-11,825.99M	-9,328.78M	-6,980.41M	-4,957.45M	-3,163.62M	-1,815.87M	-939.82M
Minority Interest	4,613.71M	4,357.84M	4,357.84M	3,918.88M	4,083.03M	3,932.03M	3,700.38M	3,432.05M	2,989.60M	2,974.75M	2,826.48M	2,813.60M	2,729.92M	2,570.96M	2,680.92M	2,647.02M	2,197.65M	1,793.19M
Total Shareholders’ Equity	18,190.61M	17,138.74M	17,138.74M	28,946.38M	28,105.93M	25,327.24M	10,940.18M	10,224.83M	11,387.59M	9,092.84M	-6,374.38M	-3,638.85M	-1,039.35M	1,482.07M	3,445.29M	5,451.89M	6,007.00M	-593.53M
Total Equity	22,804.32M	21,496.58M	21,496.58M	32,865.26M	32,188.96M	29,259.27M	14,640.55M	13,656.88M	14,377.20M	12,067.59M	-3,547.90M	-825.24M	1,690.57M	4,053.04M	6,126.21M	8,098.91M	8,204.65M	1,199.66M
Total Liabilities & Equity	92,835.27M	90,419.57M	90,419.57M	90,781.46M	87,715.27M	88,009.39M	70,182.67M	73,534.08M	67,702.68M	68,397.80M	43,786.92M	41,217.04M	44,102.10M	44,196.98M	45,388.53M	44,339.98M	33,982.86M	20,094.09M
Tangible Assets	115,655.01M	114,884.18M	114,884.18M	101,185.47M	96,104.08M	97,580.37M	88,442.40M	78,502.24M	80,239.43M	73,176.50M	69,979.79M	60,726.25M	62,249.40M	58,668.05M	58,837.81M	52,458.95M	39,694.82M	23,872.23M
Tangible Equity	22,381.46M	19,446.66M	19,446.66M	32,505.42M	30,761.20M	27,924.93M	13,519.90M	12,648.89M	13,178.52M	10,889.02M	-4,831.63M	-2,093.78M	674.78M	3,084.54M	5,375.28M	7,375.63M	7,559.59M	732.93M
Tangible Book Value	22,381.46M	19,446.66M	19,446.66M	32,505.42M	30,761.20M	27,924.93M	13,519.90M	12,648.89M	13,178.52M	10,889.02M	-4,831.63M	-2,093.78M	674.78M	3,084.54M	5,375.28M	7,375.63M	7,559.59M	732.93M
Total Investments	1,076.09M	1,073.46M	1,073.46M	1,056.23M	1,055.15M	1,042.95M	1,068.47M	1,260.55M	1,129.17M	1,123.60M	1,079.91M	1,025.96M	1,081.00M	963.96M	612.48M	516.83M	72.02M	65.47M
Net Debt	65,857.75M	64,994.57M	64,994.57M	52,507.17M	49,923.46M	52,200.70M	48,802.61M	54,410.47M	46,774.71M	46,650.85M	43,229.74M	39,337.14M	39,052.99M	38,176.46M	36,058.02M	31,018.89M	20,544.93M	15,286.36M

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
Working Capital	3,539.5M	-7,117.5M	-7,117.5M	3,462.9M	1,788.7M	-941.7M	-4,522.1M	-11,656.3M	-8,168.4M	-13,539.8M	-14,880.1M	-13,453.3M	-4,268.4M	-3,852.2M	-4,591.7M	-1,122.0M	777.4M	-1,951.2M
Total Capital	103,365.4M	101,614.2M	101,614.2M	89,391.8M	84,880.8M	85,364.8M	78,820.5M	70,093.6M	62,699.3M	59,268.9M	55,275.3M	51,180.4M	52,161.6M	48,469.8M	46,977.6M	44,270.0M	33,909.0M	19,669.6M
Capital Employed	91,694.5M	83,478.9M	83,478.9M	82,500.1M	80,423.9M	76,757.5M	68,171.7M	53,566.3M	53,447.4M	49,286.4M	48,281.4M	43,752.2M	49,158.7M	46,117.9M	44,418.8M	41,452.8M	32,553.6M	19,999.6M
Invested Capital	101,231.1M	99,669.8M	99,669.8M	86,336.1M	82,439.8M	82,244.8M	75,767.8M	66,576.5M	59,066.5M	58,045.0M	54,109.1M	50,102.6M	49,971.4M	47,468.4M	44,873.7M	40,107.5M	28,877.7M	19,138.4M

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
Net Income	7,689.62M	4,586.84M	2,377.95M	3,623.35M	4,343.70M	2,462.19M	1,879.49M	1,439.87M	1,728.90M	1,059.01M	401.09M	155.29M	-61.66M	360.44M	176.34M	1,005.26M	734.59M	384.20M
Depreciation & Amortization	11,083.57M	7,377.01M	5,587.95M	5,295.72M	4,998.89M	4,445.18M	3,838.59M	3,580.03M	3,410.26M	3,171.03M	2,840.91M	2,531.98M	2,361.51M	2,200.52M	1,856.66M	1,360.82M	886.34M	552.64M
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
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
Change in Working Capital	-6,726.00M	-3,642.37M	-3,738.17M	-3,069.36M	2,442.18M	-3,324.66M	-2,263.56M	-1,585.71M	-1,791.84M	-2,898.29M	-949.33M	2,793.77M	727.59M	7.01M	157.19M	-1,245.70M	-512.01M	-374.41M
Accounts Receivable	-7,184.85M	-4,491.21M	-3,860.64M	-3,324.21M	2,197.79M	-4,491.21M	-2,888.94M	-1,998.56M	-2,115.44M	-2,242.76M	-1,541.41M	1,880.90M	532.62M	-842.95M	0.00M	0.00M	0.00M	0.00M
Inventory	14.96M	90.23M	2.95M	12.01M	8.51M	90.23M	-27.86M	-20.72M	-29.65M	-23.44M	-66.27M	-12.96M	-18.37M	-2.68M	-1.74M	-2.06M	-4.38M	-2.59M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	-2,197.79M	4,491.21M	2,888.94M	1,998.56M	2,115.44M	2,242.76M	1,541.41M	-1,880.90M	-532.62M	842.95M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	443.89M	758.62M	119.53M	242.83M	2,433.67M	-3,414.88M	-2,235.70M	-1,564.99M	-1,762.19M	-632.08M	658.36M	925.83M	213.34M	852.64M	158.94M	-1,243.64M	-507.63M	-371.82M
Other Non-Cash Items	-2,213.77M	11,968.92M	2,058.90M	1,290.33M	1,446.55M	2,419.18M	2,035.62M	1,940.33M	1,958.58M	1,872.78M	1,590.27M	1,878.48M	2,165.61M	2,095.49M	1,953.16M	1,364.70M	734.93M	445.76M
Net Cash from Operating Activities	9,833.43M	20,290.39M	6,286.63M	7,140.04M	13,231.32M	6,001.90M	5,490.13M	5,374.53M	5,305.89M	3,204.54M	3,882.93M	7,359.53M	5,193.05M	4,663.46M	4,143.35M	2,485.08M	1,843.85M	1,008.19M
Capital Expenditures (PPE)	-19,223.55M	-12,003.36M	-13,678.07M	-6,515.43M	-6,974.55M	-8,211.90M	-9,238.28M	-6,349.06M	-5,146.34M	-4,502.83M	-6,081.54M	-5,218.17M	-5,512.58M	-4,600.82M	-6,864.27M	-10,469.09M	-9,854.79M	-8,140.76M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	4.14M	-8.84M	-110.95M	-79.54M	-24.51M	-9.52M	-17.44M	23.75M	-206.82M	-113.23M	-239.88M	-230.00M	-110.84M	-224.71M
Purchases of Investments	0.00M	0.00M	0.00M	-17.00M	0.00M	0.00M	-29.24M	0.00M	0.00M	0.00M	-20.34M	0.00M	-350.00M	-2.00M	-16.35M	-911.14M	0.00M	0.00M
Sales / Maturities of Investments	-0.01M	15.34M	0.00M	0.00M	117.14M	2.85M	362.22M	0.00M	0.00M	0.00M	62.82M	0.00M	305.86M	38.82M	400.74M	2.27M	0.00M	0.00M
Other Investing Activities	-1,902.79M	105.99M	9.18M	13.02M	4.47M	20.63M	28.45M	17.70M	91.04M	-0.77M	440.10M	129.97M	28.62M	-200.05M	161.34M	-59.51M	150.26M	112.32M
Net Cash from Investing Activities	-21,126.36M	-11,882.03M	-13,668.89M	-6,519.41M	-6,848.81M	-8,197.26M	-8,987.81M	-6,410.91M	-5,079.81M	-4,513.12M	-5,616.40M	-5,064.45M	-5,734.92M	-4,877.29M	-6,558.43M	-11,667.47M	-9,815.37M	-8,253.16M
Net Debt Issuance	13,548.24M	2,334.65M	8,986.50M	3,229.61M	-4,165.22M	5,352.17M	-6,661.08M	3,117.27M	4,578.08M	3,446.42M	3,972.77M	-954.17M	3,985.11M	1,681.38M	958.70M	9,598.92M	9,174.61M	7,034.32M
Long-Term Debt Issuance	13,548.24M	2,334.65M	8,986.50M	3,229.61M	-4,165.22M	5,352.17M	-6,661.08M	3,117.27M	-5,920.77M	-7,551.04M	-2,017.57M	-919.50M	1,991.76M	1,681.38M	958.70M	9,598.92M	9,174.61M	7,034.32M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	15,745.91M	0.00M	9,193.16M	10,498.85M	10,997.46M	5,990.33M	-34.67M	1,993.35M	-2,000.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-10,000.00M	0.00M	-3,000.00M	-10,000.00M	-1,000.00M	-2,000.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,979.33M	0.00M	2,000.00M	240.18M	4,174.57M	0.00M
Common Stock Issuance	0.00M	18,331.41M	0.00M	0.00M	1,000.00M	2,000.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,979.33M	0.00M	2,000.00M	240.18M	4,174.57M	0.00M
Common Stock Repurchased	-10,000.00M	-8,000.00M	-3,000.00M	-10,000.00M	-1,000.00M	-2,000.00M	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
Net Dividends Paid	-523.47M	928.91M	-1,200.49M	-363.69M	-218.21M	-218.21M	-218.21M	-145.47M	-130.93M	-126.18M	-116.00M	-312.16M	-21.82M	-167.30M	-283.67M	-100.30M	-9.82M	-56.97M
Common Dividends Paid	-523.47M	928.91M	-1,200.49M	-363.69M	-218.21M	-218.21M	-218.21M	-145.47M	-130.93M	-87.28M	-136.76M	-116.00M	-21.82M	-167.30M	-283.67M	-100.30M	-9.82M	-56.97M
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
Other Financing Activities	4,172.78M	-8,481.54M	1,484.59M	7,128.46M	-1,683.27M	-871.34M	9,917.97M	-2,051.20M	-2,264.97M	-1,992.99M	-2,012.49M	-2,336.42M	-4,211.03M	-2,399.11M	-2,319.76M	-1,289.70M	-841.33M	254.07M
Net Cash from Financing Activities	7,197.55M	-5,217.97M	6,270.60M	-5.61M	-7,066.70M	2,262.62M	3,038.68M	920.60M	2,182.19M	1,366.15M	1,823.52M	-3,406.58M	1,731.58M	-885.02M	355.27M	8,449.10M	12,498.02M	7,231.41M
Effect of FX on Cash	-0.18M	5.30M	0.39M	-0.30M	5.22M	-0.02M	-5.44M	0.10M	0.64M	0.14M	-1.63M	-0.92M	-0.89M	-3.59M	1.21M	-135.63M	-26.32M	-0.40M
Net Change in Cash	2,227.08M	2,353.72M	-1,111.26M	614.72M	-678.97M	67.24M	-464.44M	-115.67M	2,408.91M	57.71M	88.42M	-1,112.42M	1,188.82M	-1,102.44M	-2,058.60M	-868.92M	4,500.18M	-13.95M
Cash at Beginning of Period	5,401.32M	10,571.16M	3,055.71M	2,440.99M	3,119.96M	3,052.72M	3,517.16M	3,632.83M	1,223.92M	1,166.21M	1,077.79M	2,190.21M	1,001.39M	2,103.83M	4,162.42M	5,031.35M	531.16M	545.12M
Cash at End of Period	7,628.41M	12,924.88M	1,944.45M	3,055.71M	2,440.99M	3,119.96M	3,052.72M	3,517.16M	3,632.83M	1,223.92M	1,166.21M	1,077.79M	2,190.21M	1,001.39M	2,103.83M	4,162.42M	5,031.35M	531.16M
Operating Cash Flow	9,833.43M	20,290.39M	6,286.63M	7,140.04M	13,231.32M	6,001.90M	5,490.13M	5,374.53M	5,305.89M	3,204.54M	3,882.93M	7,359.53M	5,193.05M	4,663.46M	4,143.35M	2,485.08M	1,843.85M	1,008.19M
Capital Expenditure	-21,145.44M	-12,003.36M	-13,678.07M	-6,515.43M	-6,974.55M	-8,211.90M	-9,238.28M	-6,349.06M	-5,146.34M	-4,502.83M	-6,081.54M	-5,218.17M	-5,512.58M	-4,600.82M	-6,864.27M	-10,469.09M	-9,854.79M	-8,140.76M
Free Cash Flow	-11,312.01M	7,451.12M	-7,391.44M	624.61M	6,256.77M	-2,210.00M	-3,748.16M	-974.53M	159.55M	-1,298.29M	-2,198.61M	2,141.36M	-319.53M	62.64M	-2,720.92M	-7,984.01M	-8,010.94M	-7,132.57M

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
EBITDA	30,607.99M	28,063.90M	15,948.72M	17,690.97M	17,003.47M	15,405.87M	12,590.83M	11,019.93M	10,927.19M	9,559.78M	7,927.47M	7,279.94M	6,967.57M	7,066.07M	6,109.66M	5,135.29M	3,241.39M	1,932.33M
(-) Tax Adjustment	5,189.79M	3,314.94M	2,559.41M	2,585.99M	1,771.21M	2,173.76M	2,189.88M	2,264.50M	1,911.98M	1,411.31M	2,140.83M	2,547.98M	0.00M	1,040.47M	0.00M	178.56M	251.98M	87.14M
(-) Change In Working Capital	-6,726.00M	-3,642.37M	-3,738.17M	-3,069.36M	2,442.18M	-3,324.66M	-2,263.56M	-1,585.71M	-1,791.84M	-2,898.29M	-949.33M	2,793.77M	727.59M	7.01M	157.19M	-1,245.70M	-512.01M	-374.41M
(-) Capital Expenditure	-21,145.44M	-12,003.36M	-13,678.07M	-6,515.43M	-6,974.55M	-8,211.90M	-9,238.28M	-6,349.06M	-5,146.34M	-4,502.83M	-6,081.54M	-5,218.17M	-5,512.58M	-4,600.82M	-6,864.27M	-10,469.09M	-9,854.79M	-8,140.76M
Unlevered Free Cash Flow	10,998.76M	16,387.97M	3,449.41M	11,658.91M	5,815.53M	8,344.87M	3,426.23M	3,992.07M	5,660.71M	6,543.93M	654.43M	-3,279.98M	727.40M	1,417.78M	-911.81M	-4,266.67M	-6,353.37M	-5,921.16M
(-) Net Interest Income After Taxes	-2,275.82M	2,278.59M	-1,349.64M	-1,451.45M	-1,689.50M	-1,807.23M	-1,742.74M	-1,701.64M	-1,736.49M	-1,598.42M	-1,258.49M	-1,250.83M	-2,232.82M	-1,799.98M	-1,944.87M	-1,271.54M	-693.27M	-452.74M
Net Debt Issuance	13,548.24M	2,334.65M	8,986.50M	3,229.61M	-4,165.22M	5,352.17M	-6,661.08M	3,117.27M	4,578.08M	3,446.42M	3,972.77M	-954.17M	3,985.11M	1,681.38M	958.70M	9,598.92M	9,174.61M	7,034.32M
Levered Free Cash Flow	26,822.82M	16,444.03M	13,785.54M	16,339.97M	3,339.81M	15,504.26M	-1,492.11M	8,810.99M	11,975.28M	11,588.77M	5,885.69M	-2,983.32M	6,945.32M	4,899.14M	1,991.76M	6,603.79M	3,514.51M	1,565.90M