CITIC Telecom International Holdings Limited (1883.HK)

Industry: Telecommunications Services Sector: Communication Services Currency Used: HK Live Price: $2.51

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Stock Price	2.48	3.14	2.63	2.60	2.45	3.03	2.41	2.29	2.63	3.28	2.92	2.37	1.59	1.69	2.08	1.98	1.42	2.36	3.91	3.91
Market Capitalization	9,160.03M	11,612.06M	9,678.30M	9,560.29M	8,973.86M	11,022.27M	8,569.25M	8,107.38M	9,019.20M	11,144.70M	9,802.53M	7,015.63M	4,181.48M	4,442.80M	5,149.09M	4,315.96M	3,103.29M	4,767.17M	7,297.74M	7,297.74M
(-) Cash & Equivalents	1,133.00M	1,742.50M	1,853.50M	1,658.50M	1,427.50M	1,233.14M	1,314.32M	1,505.17M	1,308.72M	1,583.90M	1,326.86M	1,191.59M	312.72M	283.22M	316.98M	343.10M	397.49M	390.31M	21.72M	15.94M
(+) Total Debt	4,219.50M	4,372.00M	5,263.00M	6,052.00M	6,546.50M	6,957.44M	7,165.43M	7,845.54M	7,540.13M	7,860.18M	7,947.14M	8,114.66M	180.93M	61.66M	48.18M	0.00M	0.00M	0.00M	0.00M	0.00M
Enterprise Value	12,246.53M	14,241.56M	13,087.80M	13,953.79M	14,092.86M	16,746.57M	14,420.36M	14,447.74M	15,250.61M	17,420.98M	16,422.81M	13,938.70M	4,049.70M	4,221.25M	4,880.29M	3,972.87M	2,705.80M	4,376.86M	7,276.03M	7,281.80M

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
Revenue	19,041M	20,128M	9,573M	9,987M	10,111M	9,486M	8,923M	9,014M	9,464M	7,451M	7,699M	8,350M	8,184M	6,019M	3,610M	3,197M	2,966M	2,723M	2,496M	1,486M	1,364M	980M	1,047M
Cost of Revenue	13,941M	15,581M	6,263M	7,795M	5,775M	5,459M	5,040M	4,961M	5,584M	3,853M	4,229M	4,942M	4,880M	3,936M	0M	2,214M	2,042M	1,801M	1,670M	0M	0M	0M	97M
Gross Profit	5,100M	4,547M	3,310M	2,192M	4,336M	4,027M	3,883M	4,053M	3,880M	3,598M	3,470M	3,408M	3,304M	2,083M	3,610M	982M	924M	922M	826M	1,486M	1,364M	980M	951M
Gross Profit Margin	26.8%	22.6%	34.6%	21.9%	42.9%	42.5%	43.5%	45.0%	41.0%	48.3%	45.1%	40.8%	40.4%	34.6%	100.0%	30.7%	31.2%	33.8%	33.1%	100.0%	100.0%	100.0%	90.8%
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
SG&A Expenses	1,284M	1,029M	779M	514M	511M	488M	474M	538M	688M	658M	583M	596M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Operating Expenses	1,567M	1,029M	571M	514M	511M	488M	474M	2,500M	2,448M	2,316M	2,106M	2,072M	2,069M	1,663M	3,255M	609M	564M	473M	427M	79M	72M	68M	842M
Operating Income (EBIT)	3,533M	3,518M	2,739M	1,678M	3,825M	3,539M	3,409M	1,553M	1,432M	1,282M	1,364M	1,336M	1,235M	420M	355M	374M	361M	448M	399M	1,407M	1,292M	912M	109M
Operating Income Margin	18.6%	17.5%	28.6%	16.8%	37.8%	37.3%	38.2%	17.2%	15.1%	17.2%	17.7%	16.0%	15.1%	7.0%	9.8%	11.7%	12.2%	16.5%	16.0%	94.7%	94.7%	93.1%	10.4%
Interest Income	117M	64M	60M	71M	22M	13M	14M	11M	11M	13M	8M	8M	4M	9M	1M	1M	1M	0M	0M	0M	0M	0M	0M
Interest Expense	468M	546M	247M	267M	269M	270M	296M	341M	337M	321M	325M	343M	331M	255M	3M	1M	0M	0M	0M	1,101M	1,052M	797M	0M
Net Interest Income	-351M	-482M	-187M	-196M	-247M	-257M	-282M	-331M	-326M	-307M	-317M	-334M	-327M	-246M	-2M	0M	1M	0M	0M	-1,101M	-1,052M	-797M	0M
Unusual Items	-929M	31M	-1,470M	23M	-2,082M	-1,927M	-1,864M	27M	35M	86M	-19M	9M	7M	1,027M	153M	150M	84M	-1M	-1M	0M	-20M	-4M	0M
EBT Excluding Unusual Items	3,182M	3,036M	2,552M	1,482M	3,578M	3,282M	3,127M	1,222M	1,107M	975M	1,048M	1,002M	908M	174M	353M	374M	362M	448M	399M	306M	240M	116M	109M
Pre-Tax Income	2,253M	3,067M	1,082M	1,505M	1,496M	1,355M	1,263M	1,249M	1,141M	1,061M	1,028M	1,010M	914M	1,201M	505M	524M	446M	447M	398M	306M	220M	112M	109M
Pre-Tax Margin	11.8%	15.2%	11.3%	15.1%	14.8%	14.3%	14.2%	13.9%	12.1%	14.2%	13.4%	12.1%	11.2%	20.0%	14.0%	16.4%	15.0%	16.4%	15.9%	20.6%	16.1%	11.4%	10.4%
Income Tax Expense	338M	550M	154M	253M	272M	248M	224M	229M	173M	165M	165M	196M	179M	131M	40M	65M	44M	75M	66M	44M	38M	18M	18M
Net Income	1,881M	2,454M	910M	1,231M	1,191M	1,076M	1,023M	1,002M	951M	881M	850M	802M	724M	1,068M	461M	458M	401M	372M	332M	263M	202M	98M	101M
Net Income Margin	9.9%	12.2%	9.5%	12.3%	11.8%	11.3%	11.5%	11.1%	10.0%	11.8%	11.0%	9.6%	8.8%	17.7%	12.8%	14.3%	13.5%	13.6%	13.3%	17.7%	14.8%	10.0%	9.7%
Depreciation & Amortization	1,324M	1,809M	727M	870M	914M	897M	915M	913M	725M	696M	656M	674M	683M	417M	154M	127M	114M	111M	113M	79M	72M	68M	61M
EBITDA	4,857M	5,327M	3,466M	2,548M	4,739M	4,436M	4,324M	2,466M	2,158M	1,978M	2,021M	2,010M	1,918M	837M	509M	501M	474M	559M	512M	1,486M	1,364M	980M	170M
EBITDA Margin	25.5%	26.5%	36.2%	25.5%	46.9%	46.8%	48.5%	27.4%	22.8%	26.5%	26.2%	24.1%	23.4%	13.9%	14.1%	15.7%	16.0%	20.5%	20.5%	100.0%	100.0%	100.0%	16.2%
NOPAT	3,003M	2,887M	2,349M	1,396M	3,130M	2,891M	2,804M	1,268M	1,215M	1,082M	1,145M	1,078M	993M	374M	326M	327M	325M	373M	333M	1,207M	1,068M	765M	91M
NOPAT Margin	15.8%	14.3%	24.5%	14.0%	31.0%	30.5%	31.4%	14.1%	12.8%	14.5%	14.9%	12.9%	12.1%	6.2%	9.0%	10.2%	10.9%	13.7%	13.3%	81.2%	78.3%	78.1%	8.7%
Owner's Earnings	2,476M	3,557M	1,233M	1,790M	1,782M	1,441M	1,150M	1,434M	1,073M	1,027M	898M	742M	687M	1,014M	455M	364M	382M	233M	330M	285M	241M	111M	94M
Owner's Earnings Margin	13.0%	17.7%	12.9%	17.9%	17.6%	15.2%	12.9%	15.9%	11.3%	13.8%	11.7%	8.9%	8.4%	16.8%	12.6%	11.4%	12.9%	8.6%	13.2%	19.2%	17.6%	11.4%	8.9%
EPS (Basic)	0.50	0.68	0.25	0.33	0.32	0.29	0.28	0.28	0.27	0.25	0.25	0.24	0.22	0.37	0.18	0.17	0.16	0.17	0.15	0.13	0.11	0.05	0.05
EPS (Diluted)	0.51	0.67	0.25	0.33	0.32	0.29	0.28	0.27	0.27	0.25	0.25	0.24	0.21	0.36	0.18	0.17	0.16	0.17	0.15	0.13	0.11	0.05	0.05
Shares (Basic)	3,701M	3,688M	3,701M	3,698M	3,687M	3,677M	3,663M	3,638M	3,561M	3,535M	3,382M	3,356M	3,323M	2,945M	2,630M	2,629M	2,476M	2,180M	2,180M	2,024M	1,866M	1,866M	2,072M
Shares (Diluted)	3,701M	3,690M	3,701M	3,699M	3,689M	3,679M	3,668M	3,654M	3,563M	3,548M	3,439M	3,406M	3,372M	2,945M	2,631M	2,630M	2,478M	2,180M	2,180M	2,024M	1,866M	1,866M	2,072M

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
Cash & Cash Equivalents	1,714.00M	1,611.00M	1,611.00M	1,726.00M	1,986.00M	1,793.00M	1,519.00M	1,312.78M	1,049.11M	1,635.64M	1,459.05M	1,222.98M	1,396.89M	856.08M	354.82M	257.02M	327.03M	686.19M	794.99M	780.62M	43.43M	31.88M	17.22M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	1,714.00M	1,611.00M	1,611.00M	1,726.00M	1,986.00M	1,793.00M	1,519.00M	1,312.78M	1,049.11M	1,635.64M	1,459.05M	1,222.98M	1,396.89M	856.08M	354.82M	257.02M	327.03M	686.19M	794.99M	780.62M	43.43M	31.88M	17.22M
Net Receivables	1,553.00M	1,337.00M	1,337.00M	1,240.00M	1,141.00M	1,024.00M	1,158.00M	1,528.00M	1,536.86M	1,311.96M	1,279.74M	1,208.72M	1,523.46M	1,425.85M	1,367.19M	1,313.67M	1,146.60M	874.00M	865.04M	0.00M	0.00M	576.46M	496.70M
Inventory	67.00M	375.00M	375.00M	57.00M	132.00M	103.00M	61.00M	143.97M	101.07M	103.77M	69.95M	174.16M	198.93M	127.13M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Assets	10.00M	20.00M	20.00M	357.00M	385.00M	1,516.00M	308.00M	327.78M	372.09M	474.90M	417.40M	487.30M	411.09M	317.44M	0.00M	0.00M	0.00M	0.00M	0.00M	595.29M	459.98M	601.40M	134.71M
Total Current Assets	3,344.00M	3,343.00M	3,343.00M	3,380.00M	3,644.00M	4,436.00M	3,046.00M	3,312.53M	3,059.13M	3,526.26M	3,226.13M	3,093.16M	3,530.37M	2,726.50M	1,722.01M	1,570.69M	1,473.62M	1,560.19M	1,660.02M	1,375.91M	503.41M	1,209.74M	648.63M
Property, Plant & Equipment	2,280.00M	2,392.00M	2,392.00M	2,443.00M	2,922.00M	3,279.00M	3,411.00M	3,130.58M	2,767.20M	2,625.73M	2,553.92M	2,404.95M	2,105.91M	1,884.34M	742.38M	668.52M	595.35M	541.69M	363.11M	326.49M	278.07M	320.41M	341.03M
Goodwill	9,738.00M	9,696.00M	9,696.00M	9,717.00M	9,710.00M	9,721.00M	9,733.00M	9,712.97M	9,717.91M	9,729.27M	9,596.60M	9,276.51M	9,281.63M	9,283.69M	402.46M	363.55M	281.47M	277.42M	214.27M	9.46M	0.00M	0.00M	0.00M
Intangible Assets	675.00M	732.00M	732.00M	824.00M	932.00M	1,064.00M	1,219.00M	1,385.20M	1,553.52M	1,722.07M	1,878.85M	2,005.22M	2,167.63M	2,342.88M	105.83M	89.89M	48.36M	55.23M	34.85M	28.72M	0.00M	0.00M	0.00M
Long-Term Investments	805.00M	11.00M	11.00M	11.00M	10.00M	11.00M	9.00M	692.99M	679.57M	691.94M	642.70M	5.54M	6.27M	6.26M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	190.04M
Tax Assets	72.00M	58.00M	58.00M	63.00M	74.00M	72.00M	77.00M	65.60M	67.96M	81.43M	85.76M	33.23M	33.14M	33.01M	37.45M	19.90M	22.17M	14.28M	29.91M	42.10M	7.48M	5.29M	5.99M
Other Non-Current Assets	21.00M	849.00M	849.00M	927.00M	889.00M	823.00M	851.00M	112.37M	119.94M	207.51M	198.92M	163.86M	215.61M	164.97M	1,670.24M	1,624.94M	1,660.75M	21.48M	34.88M	34.77M	37.89M	26.91M	-5.99M
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	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	13,591.00M	13,738.00M	13,738.00M	13,985.00M	14,537.00M	14,970.00M	15,300.00M	15,099.70M	14,906.09M	15,057.95M	14,956.75M	13,889.31M	13,810.18M	13,715.15M	2,958.35M	2,766.80M	2,608.10M	910.11M	677.01M	441.53M	323.44M	352.61M	531.07M
Total Assets	16,935.00M	17,081.00M	17,081.00M	17,365.00M	18,181.00M	19,406.00M	18,346.00M	18,412.23M	17,965.22M	18,584.21M	18,182.88M	16,982.47M	17,340.55M	16,441.65M	4,680.36M	4,337.49M	4,081.73M	2,470.30M	2,337.03M	1,817.44M	826.85M	1,562.35M	1,179.69M
Accounts Payable	1,680.00M	843.00M	1,591.00M	920.00M	926.00M	835.00M	609.00M	716.00M	849.35M	1,739.33M	1,706.10M	1,767.45M	2,088.57M	1,871.54M	801.25M	852.20M	876.85M	676.67M	746.96M	472.42M	279.45M	284.67M	321.86M
Short-Term Debt	1,204.00M	3,561.00M	3,561.00M	421.00M	183.00M	500.00M	240.00M	289.00M	327.53M	284.44M	43.74M	100.00M	100.00M	100.00M	261.87M	123.33M	96.35M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Payables	255.00M	179.00M	179.00M	221.00M	276.00M	188.00M	209.00M	207.43M	165.12M	211.45M	230.18M	242.21M	232.13M	202.01M	43.17M	26.01M	23.70M	38.40M	36.17M	22.05M	41.19M	10.39M	22.83M
Deferred Revenue	0.00M	0.00M	0.00M	183.00M	183.00M	184.00M	176.00M	170.96M	156.48M	0.00M	0.00M	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	194.00M	1,372.00M	1,372.00M	686.00M	1,101.00M	810.00M	849.00M	731.11M	812.58M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	95.85M	0.00M	195.26M
Total Current Liabilities	3,333.00M	5,955.00M	6,703.00M	2,431.00M	2,669.00M	2,517.00M	2,083.00M	2,114.49M	2,311.05M	2,235.23M	1,980.02M	2,109.66M	2,420.70M	2,173.55M	1,106.29M	1,001.53M	996.90M	715.07M	783.12M	494.46M	416.49M	295.06M	539.95M
Long-Term Debt	2,248.00M	346.00M	346.00M	3,513.00M	4,337.00M	4,946.00M	5,628.00M	5,988.95M	6,529.95M	7,540.70M	7,857.68M	7,372.49M	7,867.59M	7,616.57M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	301.00M	324.00M	324.00M	340.00M	454.00M	496.00M	530.00M	505.77M	1.85M	3.33M	5.99M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	126.00M	133.00M	133.00M	146.00M	172.00M	211.00M	226.00M	233.10M	247.72M	244.64M	249.02M	260.30M	281.22M	310.86M	65.24M	61.64M	38.42M	38.29M	36.20M	35.13M	37.45M	38.74M	41.39M
Other Non-Current Liabilities	67.00M	48.00M	48.00M	68.00M	77.00M	35.00M	60.00M	0.00M	144.07M	130.11M	190.47M	182.96M	176.77M	152.73M	87.81M	95.19M	102.58M	0.00M	0.00M	0.00M	50.29M	-14.31M	29.73M
Total Non-Current Liabilities	2,742.00M	851.00M	851.00M	4,067.00M	5,040.00M	5,688.00M	6,444.00M	6,727.81M	6,923.58M	7,918.79M	8,303.17M	7,815.75M	8,325.57M	8,080.15M	153.05M	156.83M	141.01M	38.29M	36.20M	35.13M	87.74M	24.43M	71.13M
Total Liabilities	6,075.00M	6,806.00M	7,554.00M	6,498.00M	7,709.00M	8,205.00M	8,527.00M	8,842.31M	9,234.63M	10,154.01M	10,283.19M	9,925.41M	10,746.27M	10,253.70M	1,259.33M	1,158.36M	1,137.91M	753.36M	819.32M	529.59M	504.22M	319.49M	611.08M
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
Common Stock	4,758.00M	4,758.00M	4,758.00M	4,756.00M	4,720.00M	4,704.00M	4,646.00M	4,628.53M	4,402.39M	4,280.54M	4,262.46M	3,848.57M	3,780.94M	332.32M	238.67M	238.60M	238.52M	197.77M	197.77M	0.00M	0.00M	0.00M	2.00M
Retained Earnings	5,933.00M	5,946.00M	5,946.00M	5,959.00M	5,615.00M	5,308.00M	5,003.00M	4,686.32M	4,346.69M	4,021.88M	3,568.26M	3,140.46M	2,735.50M	2,384.75M	0.00M	1,312.83M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	566.59M
Accumulated OCI	-3.00M	-49.00M	13.00M	41.00M	38.00M	83.00M	102.00M	61.76M	-3,083.64M	-2,610.79M	-2,254.82M	-1,806.67M	-1,385.05M	-1,218.71M	-922.67M	-796.95M	-685.07M	-598.29M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	109.00M	110.00M	110.00M	108.00M	98.00M	81.00M	58.00M	48.77M	40.96M	33.79M	29.18M	27.67M	25.92M	24.68M	-11.68M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.03M
Total Shareholders’ Equity	10,688.00M	10,655.00M	10,717.00M	10,756.00M	10,373.00M	10,095.00M	9,751.00M	9,376.61M	5,665.45M	5,691.63M	5,575.90M	5,182.35M	5,131.40M	1,498.37M	-684.00M	754.49M	-446.55M	-400.51M	197.77M	0.00M	0.00M	0.00M	568.59M
Total Equity	10,797.00M	10,765.00M	10,827.00M	10,864.00M	10,471.00M	10,176.00M	9,809.00M	9,425.38M	5,706.41M	5,725.42M	5,605.08M	5,210.02M	5,157.31M	1,523.05M	-695.68M	754.49M	-446.55M	-400.51M	197.77M	0.00M	0.00M	0.00M	568.62M
Total Liabilities & Equity	16,872.00M	17,571.00M	18,381.00M	17,362.00M	18,180.00M	18,381.00M	18,336.00M	18,267.68M	14,941.04M	15,879.43M	15,888.27M	15,135.43M	15,903.58M	11,776.75M	563.66M	1,912.85M	691.36M	352.85M	1,017.10M	529.59M	504.22M	319.49M	1,179.69M
Tangible Assets	6,522.00M	6,653.00M	6,653.00M	6,824.00M	7,539.00M	8,621.00M	7,394.00M	7,314.07M	6,693.79M	7,132.87M	6,707.43M	5,700.74M	5,891.29M	4,815.09M	4,172.08M	3,884.05M	3,751.90M	2,137.65M	2,087.92M	1,779.26M	826.85M	1,562.35M	1,179.69M
Tangible Equity	384.00M	337.00M	399.00M	323.00M	-171.00M	-609.00M	-1,143.00M	-1,672.78M	-5,565.02M	-5,725.92M	-5,870.36M	-6,071.71M	-6,291.94M	-10,103.52M	-1,203.96M	301.05M	-776.37M	-733.16M	-51.35M	-38.17M	0.00M	0.00M	568.62M
Tangible Book Value	384.00M	337.00M	399.00M	323.00M	-171.00M	-609.00M	-1,143.00M	-1,672.78M	-5,565.02M	-5,725.92M	-5,870.36M	-6,071.71M	-6,291.94M	-10,103.52M	-1,203.96M	301.05M	-776.37M	-733.16M	-51.35M	-38.17M	0.00M	0.00M	568.62M
Total Investments	805.00M	11.00M	11.00M	11.00M	10.00M	11.00M	9.00M	692.99M	679.57M	691.94M	642.70M	5.54M	6.27M	6.26M	1,495.89M	1,515.59M	1,489.38M	0.00M	5.16M	0.00M	0.00M	0.00M	190.04M
Net Debt	1,738.00M	2,296.00M	2,296.00M	2,208.00M	2,534.00M	3,653.00M	4,349.00M	4,965.17M	5,808.37M	6,189.50M	6,442.37M	6,249.51M	6,570.69M	6,860.49M	-92.95M	-133.70M	-230.68M	-686.19M	-794.99M	-780.62M	-43.43M	-31.88M	-17.22M

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
Working Capital	-77.0M	-2,147.0M	-2,147.0M	831.0M	844.0M	755.0M	816.0M	1,026.5M	912.3M	1,289.5M	1,243.2M	983.5M	1,109.7M	552.9M	615.7M	569.2M	476.7M	845.1M	876.9M	881.4M	86.9M	338.2M	108.7M
Total Capital	14,503.0M	14,948.0M	14,948.0M	15,030.0M	15,347.0M	16,037.0M	16,149.0M	16,160.3M	15,714.1M	16,224.9M	15,777.9M	14,501.9M	14,535.9M	13,879.8M	3,694.6M	3,302.5M	3,040.2M	1,716.9M	1,517.7M	1,287.9M	372.9M	666.4M	568.6M
Capital Employed	13,514.0M	11,591.0M	11,591.0M	14,816.0M	15,381.0M	15,725.0M	16,116.0M	16,126.2M	15,818.3M	16,347.4M	16,199.9M	14,872.8M	14,919.8M	14,268.1M	3,574.1M	3,336.0M	3,084.8M	1,755.2M	1,553.9M	1,323.0M	410.4M	690.8M	639.7M
Invested Capital	12,789.0M	13,337.0M	13,337.0M	13,304.0M	13,361.0M	14,244.0M	14,630.0M	14,847.5M	14,665.0M	14,589.2M	14,318.9M	13,278.9M	13,139.1M	13,023.8M	3,339.8M	3,045.4M	2,713.1M	1,030.8M	722.7M	507.2M	329.5M	634.5M	551.4M

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
Net Income	1,881.00M	2,454.00M	910.00M	1,231.00M	1,496.00M	1,355.00M	1,263.00M	1,249.23M	1,141.28M	1,061.23M	1,028.09M	1,010.44M	914.29M	1,201.13M	505.22M	523.68M	445.76M	446.96M	397.88M	262.70M	201.52M	97.78M	91.14M
Depreciation & Amortization	1,145.00M	1,809.00M	727.00M	870.00M	914.00M	897.00M	915.00M	913.49M	725.44M	695.65M	656.42M	674.01M	682.62M	416.97M	154.28M	127.06M	113.63M	110.94M	113.24M	78.82M	72.45M	67.55M	60.57M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-226.29M	-223.62M	-251.34M	-193.70M	-185.85M	0.00M	-1,361.64M	-193.98M	-198.04M	-153.19M	-64.91M	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	5.00M	16.78M	31.98M	20.22M	28.12M	0.00M	50.23M	12.80M	10.85M	14.58M	4.87M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-37.00M	261.00M	-192.00M	-358.00M	275.00M	188.00M	313.00M	143.94M	-169.89M	4.92M	36.01M	-88.64M	-108.13M	219.55M	-192.05M	-114.36M	-83.24M	-90.08M	-52.04M	-9.20M	-46.93M	192.89M	-118.42M
Accounts Receivable	72.00M	-81.00M	-88.00M	-61.00M	-67.00M	21.00M	300.00M	91.48M	-79.34M	-83.79M	102.63M	252.86M	-177.53M	-44.20M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	309.26M
Inventory	-24.00M	39.00M	-318.00M	75.00M	-29.00M	-42.00M	83.00M	-49.27M	2.70M	-33.83M	112.07M	24.77M	-71.80M	8.61M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Payable	-95.00M	295.00M	-48.00M	-382.00M	371.00M	224.00M	-71.00M	93.53M	-65.76M	120.45M	-174.24M	-361.11M	177.53M	44.20M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-427.68M
Other Working Capital	10.00M	8.00M	262.00M	10.00M	0.00M	-15.00M	1.00M	8.20M	-27.50M	2.09M	-4.45M	-5.16M	141.20M	255.14M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Cash Items	159.00M	3,478.00M	115.00M	138.00M	38.00M	-46.00M	51.00M	331.39M	325.57M	311.45M	335.57M	337.70M	139.10M	546.49M	4.88M	0.26M	9.32M	-5.46M	-59.02M	-70.18M	23.70M	-10.10M	13.10M
Net Cash from Operating Activities	3,148.00M	4,637.00M	1,560.00M	1,881.00M	2,723.00M	2,394.00M	2,542.00M	2,416.76M	1,815.56M	1,853.88M	1,882.60M	1,775.78M	1,627.88M	1,072.72M	291.15M	349.46M	346.86M	402.32M	400.06M	262.14M	250.74M	348.13M	46.38M
Capital Expenditures (PPE)	-729.00M	-706.00M	-404.00M	-311.00M	-323.00M	-532.00M	-788.00M	-481.57M	-603.93M	-549.98M	-608.60M	-734.46M	-719.07M	-470.88M	-160.35M	-221.38M	-132.79M	-249.06M	-115.84M	-56.30M	-33.32M	-54.01M	-68.42M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.00M	1.99M	0.80M	-241.58M	-681.95M	0.35M	-1.17M	-8,894.99M	-119.83M	-57.30M	-410.08M	-96.65M	-181.29M	0.00M	0.00M	0.00M	2.17M
Purchases of Investments	0.00M	0.00M	0.00M	0.00M	-364.00M	-361.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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 Investing Activities	98.00M	-670.00M	107.00M	154.00M	20.00M	14.00M	14.00M	13.65M	233.31M	-40.22M	-46.55M	-140.76M	3.12M	115.20M	179.37M	156.03M	-67.50M	6.82M	20.58M	89.78M	162.50M	0.31M	0.00M
Net Cash from Investing Activities	-631.00M	-1,376.00M	-297.00M	-157.00M	-667.00M	-879.00M	-773.00M	-465.94M	-369.82M	-831.78M	-1,337.10M	-874.87M	-717.12M	-9,250.67M	-100.81M	-122.65M	-610.37M	-338.89M	-276.55M	33.48M	129.18M	-53.69M	-66.25M
Net Debt Issuance	-665.00M	-843.00M	-1.00M	-604.00M	-1,087.00M	-580.00M	-554.00M	-829.00M	-970.62M	-149.97M	374.89M	-557.93M	230.00M	7,559.13M	138.86M	-73.62M	96.95M	0.00M	0.00M	0.00M	-125.54M	0.00M	119.41M
Long-Term Debt Issuance	-514.00M	-843.00M	-126.00M	-604.00M	-930.00M	-421.00M	-407.00M	-665.00M	-972.05M	-146.87M	374.89M	-514.80M	0.00M	3,510.00M	0.00M	-70.77M	0.00M	0.00M	0.00M	0.00M	-125.54M	0.00M	119.41M
Short-Term Debt Issuance	-151.00M	0.00M	0.00M	-604.00M	-157.00M	-159.00M	-147.00M	-164.00M	1.43M	-3.10M	0.00M	-43.13M	230.00M	4,049.13M	138.86M	-2.86M	96.95M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	2.00M	38.00M	2.00M	29.00M	13.00M	46.00M	14.00M	0.00M	0.00M	13.83M	0.00M	0.00M	0.00M	57.11M	1.05M	1.66M	3.45M	0.00M	-0.54M	485.04M	0.00M	0.00M	0.00M
Common Stock Issuance	4.00M	50.00M	2.00M	29.00M	13.00M	46.00M	14.00M	182.00M	97.35M	13.83M	21.82M	52.52M	64.97M	57.11M	1.05M	1.66M	3.45M	0.00M	0.00M	485.04M	0.00M	0.00M	0.00M
Common Stock Repurchased	-2.00M	909.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.54M	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
Net Dividends Paid	-1,646.00M	-1,734.00M	-950.00M	-906.00M	-848.00M	-791.00M	-733.00M	-694.14M	-605.98M	-472.81M	-425.26M	-384.20M	-343.84M	-252.99M	-229.06M	-226.67M	-197.62M	-174.04M	-100.87M	-18.80M	-495.00M	0.00M	0.00M
Common Dividends Paid	-1,646.00M	-1,734.00M	-950.00M	-906.00M	-848.00M	-791.00M	-733.00M	-694.14M	-605.98M	-472.81M	-425.26M	-384.20M	-343.84M	-252.99M	-229.06M	-226.67M	-197.62M	-174.04M	-100.87M	-18.80M	-495.00M	0.00M	0.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.14M	0.00M	0.00M	0.00M	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	-166.00M	-1,250.00M	-375.00M	-418.00M	-275.00M	-273.00M	-307.00M	-159.51M	-223.29M	-316.96M	-281.62M	-270.80M	-254.44M	1,319.37M	-5.21M	-0.49M	0.00M	0.00M	-7.47M	-24.67M	255.47M	-281.48M	-93.96M
Net Cash from Financing Activities	-2,475.00M	-3,661.00M	-1,324.00M	-1,899.00M	-2,197.00M	-1,598.00M	-1,580.00M	-1,682.64M	-1,799.90M	-925.90M	-331.99M	-1,212.92M	-368.28M	8,682.62M	-94.35M	-299.12M	-97.23M	-174.04M	-108.87M	441.57M	-370.57M	-281.48M	25.45M
Effect of FX on Cash	-87.00M	-35.00M	-10.00M	-2.00M	-30.00M	-1.00M	17.00M	-1.55M	-11.61M	23.68M	-3.52M	-7.79M	-3.74M	-0.94M	1.70M	0.14M	1.84M	0.02M	-0.26M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	991.00M	235.00M	-71.00M	-177.00M	-171.00M	-84.00M	206.00M	266.63M	-365.77M	119.88M	209.99M	-319.80M	538.74M	503.73M	97.68M	-72.17M	-358.90M	-110.59M	14.37M	737.19M	9.34M	12.96M	0.00M
Cash at Beginning of Period	3,853.00M	7,024.00M	1,078.00M	1,255.00M	1,426.00M	1,510.00M	1,304.00M	1,037.79M	1,403.56M	1,283.68M	1,073.68M	1,393.49M	854.74M	351.01M	253.33M	325.50M	684.40M	794.99M	780.62M	43.43M	34.09M	21.13M	0.00M
Cash at End of Period	4,915.00M	7,259.00M	1,007.00M	1,078.00M	1,255.00M	1,426.00M	1,510.00M	1,304.42M	1,037.79M	1,403.56M	1,283.68M	1,073.68M	1,393.49M	854.74M	351.01M	253.33M	325.50M	684.40M	794.99M	780.62M	43.43M	34.09M	17.22M
Operating Cash Flow	3,526.00M	4,637.00M	1,560.00M	1,881.00M	2,723.00M	2,394.00M	2,542.00M	2,416.76M	1,815.56M	1,853.88M	1,882.60M	1,775.78M	1,627.88M	1,072.72M	291.15M	349.46M	346.86M	402.32M	400.06M	262.14M	250.74M	348.13M	46.38M
Capital Expenditure	-729.00M	-706.00M	-404.00M	-311.00M	-323.00M	-532.00M	-788.00M	-481.57M	-603.93M	-549.98M	-608.60M	-734.46M	-719.07M	-470.88M	-160.35M	-221.38M	-132.79M	-249.06M	-115.84M	-56.30M	-33.32M	-54.01M	-68.42M
Free Cash Flow	2,797.00M	3,931.00M	1,156.00M	1,570.00M	2,400.00M	1,862.00M	1,754.00M	1,935.19M	1,211.63M	1,303.91M	1,274.00M	1,041.32M	908.81M	601.84M	130.80M	128.07M	214.08M	153.26M	284.22M	205.83M	217.42M	294.12M	-22.04M

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
EBITDA	5,139.50M	5,327.00M	3,258.00M	2,548.00M	4,739.00M	4,436.00M	4,324.00M	4,428.23M	3,918.04M	3,635.74M	3,543.80M	3,485.90M	3,986.30M	2,499.96M	3,764.09M	1,109.44M	1,037.78M	1,032.50M	939.04M	1,564.89M	1,436.66M	1,047.60M	1,011.17M
(-) Tax Adjustment	771.04M	955.28M	463.71M	428.33M	861.64M	811.90M	766.89M	812.91M	595.26M	566.92M	570.02M	674.83M	781.91M	272.29M	299.74M	138.63M	103.53M	174.25M	155.17M	223.10M	248.88M	169.33M	163.39M
(-) Change In Working Capital	-37.00M	261.00M	-192.00M	-358.00M	275.00M	188.00M	313.00M	143.94M	-169.89M	4.92M	36.01M	-88.64M	-108.13M	219.55M	-192.05M	-114.36M	-83.24M	-90.08M	-52.04M	-9.20M	-46.93M	192.89M	-118.42M
(-) Capital Expenditure	-729.00M	-706.00M	-404.00M	-311.00M	-323.00M	-532.00M	-788.00M	-481.57M	-603.93M	-549.98M	-608.60M	-734.46M	-719.07M	-470.88M	-160.35M	-221.38M	-132.79M	-249.06M	-115.84M	-56.30M	-33.32M	-54.01M	-68.42M
Unlevered Free Cash Flow	3,676.46M	3,404.72M	2,582.29M	2,166.67M	3,279.36M	2,904.10M	2,456.11M	2,989.81M	2,888.75M	2,513.93M	2,329.18M	2,165.25M	2,593.44M	1,537.23M	3,496.05M	863.79M	884.71M	699.28M	720.07M	1,294.70M	1,201.39M	631.37M	897.78M
(-) Net Interest Income After Taxes	-298.34M	-395.56M	-160.38M	-163.05M	-202.09M	-209.96M	-231.99M	-270.11M	-276.11M	-259.43M	-265.74M	-269.60M	-263.07M	-218.98M	-1.83M	-0.08M	1.04M	0.00M	-0.02M	-943.93M	-869.88M	-667.83M	0.01M
Net Debt Issuance	-665.00M	-843.00M	-1.00M	-604.00M	-1,087.00M	-580.00M	-554.00M	-829.00M	-970.62M	-149.97M	374.89M	-557.93M	230.00M	7,559.13M	138.86M	-73.62M	96.95M	0.00M	0.00M	0.00M	-125.54M	0.00M	119.41M
Levered Free Cash Flow	3,309.80M	2,957.28M	2,741.68M	1,725.72M	2,394.45M	2,534.06M	2,134.10M	2,430.92M	2,194.23M	2,623.39M	2,969.81M	1,876.92M	3,086.51M	9,315.34M	3,636.74M	790.24M	980.62M	699.28M	720.09M	2,238.63M	1,945.73M	1,299.20M	1,017.19M