China Resources Pharmaceutical Group Limited (3320.HK)

Industry: Drug Manufacturers - Specialty & Generic Sector: Healthcare Currency Used: HK Live Price: $4.54

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Stock Price	5.73	5.98	5.83	4.20	4.23	8.14	10.54	9.94	8.88	9.01	9.01	9.01
Market Capitalization	36,450.25M	37,538.00M	36,595.62M	26,355.13M	26,546.36M	51,124.46M	66,238.70M	62,436.57M	43,586.04M	41,711.11M	55,614.82M	55,614.82M
(-) Cash & Equivalents	23,780.04M	28,522.50M	25,038.00M	24,746.37M	17,995.77M	17,666.66M	13,938.09M	15,329.84M	12,217.60M	6,189.30M	6,708.81M	5,058.46M
(+) Total Debt	85,366.66M	76,439.45M	78,279.92M	82,074.75M	65,442.74M	64,514.46M	48,120.49M	36,510.71M	31,719.94M	18,609.17M	18,631.42M	10,405.20M
Enterprise Value	98,036.87M	85,454.95M	89,837.55M	83,683.51M	73,993.33M	97,972.25M	100,421.09M	83,617.44M	63,088.38M	54,130.98M	67,537.43M	60,961.56M

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
Revenue	555,283M	515,365M	274,182M	270,397M	254,106M	236,806M	200,423M	204,454M	189,689M	172,532M	156,705M	146,568M	135,749M	116,951M
Cost of Revenue	464,512M	435,974M	230,887M	227,031M	214,972M	201,426M	168,129M	170,436M	154,759M	144,256M	132,596M	123,369M	114,259M	96,802M
Gross Profit	90,771M	79,391M	43,296M	43,366M	39,135M	35,380M	32,294M	34,018M	34,930M	28,276M	24,109M	23,199M	21,490M	20,149M
Gross Profit Margin	16.3%	15.4%	15.8%	16.0%	15.4%	14.9%	16.1%	16.6%	18.4%	16.4%	15.4%	15.8%	15.8%	17.2%
R&D Expenses	5,027M	4,033M	2,475M	2,729M	2,090M	1,689M	1,318M	1,154M	1,039M	908M	789M	781M	945M	731M
SG&A Expenses	57,213M	53,671M	28,259M	27,791M	21,974M	24,443M	22,505M	24,411M	23,134M	18,116M	14,830M	13,956M	13,047M	12,097M
Operating Expenses	63,120M	57,704M	30,732M	30,520M	28,322M	26,131M	23,823M	25,993M	23,270M	17,877M	14,308M	13,288M	13,047M	12,097M
Operating Income (EBIT)	27,651M	21,687M	12,563M	12,846M	10,812M	9,249M	8,471M	8,025M	11,661M	10,399M	9,801M	9,911M	8,443M	8,052M
Operating Income Margin	5.0%	4.2%	4.6%	4.8%	4.3%	3.9%	4.2%	3.9%	6.1%	6.0%	6.3%	6.8%	6.2%	6.9%
Interest Income	1,298M	1,556M	681M	588M	834M	729M	676M	3,049M	0M	0M	1,758M	232M	0M	1,508M
Interest Expense	4,331M	5,726M	2,282M	2,386M	2,854M	2,711M	3,153M	3,717M	2,577M	1,864M	1,831M	2,050M	1,707M	1,771M
Net Interest Income	-3,034M	-4,171M	-1,601M	-1,799M	-2,020M	-1,982M	-2,478M	-668M	-2,577M	-1,864M	-73M	-1,818M	-1,707M	-263M
Unusual Items	-3,031M	1,899M	668M	-178M	1,063M	1,141M	1,082M	-857M	99M	48M	-1,685M	-42M	187M	-876M
EBT Excluding Unusual Items	24,618M	17,516M	10,963M	11,048M	8,792M	7,267M	5,993M	7,357M	9,084M	8,534M	9,728M	8,093M	6,736M	7,789M
Pre-Tax Income	21,587M	19,415M	11,630M	10,870M	9,856M	8,408M	7,076M	6,499M	9,182M	8,582M	8,043M	8,050M	6,923M	6,913M
Pre-Tax Margin	3.9%	3.8%	4.2%	4.0%	3.9%	3.6%	3.5%	3.2%	4.8%	5.0%	5.1%	5.5%	5.1%	5.9%
Income Tax Expense	4,892M	4,126M	2,689M	2,105M	2,012M	1,761M	1,752M	1,542M	1,610M	1,715M	2,075M	1,968M	1,431M	1,458M
Net Income	7,099M	8,516M	3,566M	3,854M	3,500M	3,081M	2,779M	3,286M	4,038M	3,483M	2,821M	2,850M	2,646M	2,640M
Net Income Margin	1.3%	1.7%	1.3%	1.4%	1.4%	1.3%	1.4%	1.6%	2.1%	2.0%	1.8%	1.9%	1.9%	2.3%
Depreciation & Amortization	6,171M	6,325M	2,701M	3,164M	3,152M	2,822M	2,444M	2,365M	1,616M	1,489M	1,212M	1,267M	1,353M	1,196M
EBITDA	33,822M	28,012M	15,265M	16,011M	13,965M	12,071M	10,915M	10,390M	13,277M	11,888M	11,012M	11,179M	9,796M	9,248M
EBITDA Margin	6.1%	5.4%	5.6%	5.9%	5.5%	5.1%	5.4%	5.1%	7.0%	6.9%	7.0%	7.6%	7.2%	7.9%
NOPAT	21,384M	17,079M	9,659M	10,358M	8,605M	7,312M	6,373M	6,121M	9,616M	8,320M	7,273M	7,488M	6,698M	6,354M
NOPAT Margin	3.9%	3.3%	3.5%	3.8%	3.4%	3.1%	3.2%	3.0%	5.1%	4.8%	4.6%	5.1%	4.9%	5.4%
Owner's Earnings	7,371M	8,109M	3,266M	3,886M	3,296M	3,000M	3,004M	3,611M	4,138M	3,406M	2,315M	2,294M	1,449M	840M
Owner's Earnings Margin	1.3%	1.6%	1.2%	1.4%	1.3%	1.3%	1.5%	1.8%	2.2%	2.0%	1.5%	1.6%	1.1%	0.7%
EPS (Basic)	1.12	1.35	0.56	0.68	0.66	0.60	0.52	0.52	0.64	0.55	0.57	0.62	0.43	0.43
EPS (Diluted)	1.13	1.36	0.57	0.61	0.56	0.49	0.44	0.52	0.64	0.55	0.57	0.62	0.43	0.43
Shares (Basic)	6,328M	6,283M	6,283M	6,283M	6,283M	6,283M	6,283M	6,285M	6,285M	6,285M	4,912M	4,629M	6,173M	6,173M
Shares (Diluted)	6,283M	6,283M	6,283M	6,283M	6,283M	6,283M	6,283M	6,285M	6,285M	6,285M	4,912M	4,629M	6,173M	6,173M

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
Cash & Cash Equivalents	19,366.49M	17,477.08M	17,477.08M	24,650.67M	24,118.07M	25,327.77M	17,723.43M	17,138.63M	16,633.30M	14,161.83M	13,960.20M	12,378.61M	13,417.62M	15,175.39M
Short-Term Investments	15,173.60M	0.00M	0.00M	34,615.72M	8,404.25M	11,987.91M	34,613.82M	5,646.46M	28,023.55M	6,556.64M	3,648.85M	6,310.35M	5,580.32M	1,756.64M
Cash & Short-Term Investments	34,540.09M	17,477.08M	17,477.08M	59,266.39M	32,522.32M	37,315.68M	52,337.25M	22,785.09M	44,656.85M	20,718.48M	17,609.04M	18,688.96M	18,997.95M	16,932.03M
Net Receivables	121,603.19M	108,183.78M	108,183.78M	82,586.49M	102,615.19M	66,380.37M	66,449.63M	75,136.28M	47,258.82M	58,951.95M	48,273.97M	41,327.59M	35,052.68M	35,372.30M
Inventory	45,951.77M	39,426.55M	39,426.55M	31,875.49M	29,718.45M	29,687.99M	24,584.76M	22,332.37M	21,527.92M	21,406.30M	18,859.12M	15,251.98M	15,711.48M	12,198.12M
Other Current Assets	16,302.16M	28,589.18M	28,589.18M	42.46M	50.98M	38,921.84M	0.00M	9,022.91M	13,822.64M	12,121.80M	9,060.28M	13,588.35M	12,458.59M	61.96M
Total Current Assets	218,397.21M	193,676.59M	193,676.59M	173,770.82M	164,906.94M	172,305.87M	143,371.64M	129,276.65M	127,266.22M	113,198.52M	93,802.41M	88,856.88M	82,220.70M	64,564.41M
Property, Plant & Equipment	34,985.55M	26,339.22M	26,339.22M	27,939.55M	24,732.02M	25,531.74M	22,642.24M	22,104.52M	14,652.23M	14,737.65M	12,500.08M	12,578.26M	13,505.80M	12,887.32M
Goodwill	26,620.77M	22,368.81M	22,368.81M	21,454.28M	22,847.67M	24,901.55M	21,072.19M	19,306.44M	19,804.85M	20,544.61M	17,404.82M	16,394.51M	15,321.66M	14,892.86M
Intangible Assets	12,070.77M	8,540.62M	8,540.62M	8,039.72M	31,346.63M	34,033.66M	28,011.83M	25,355.64M	4,063.23M	4,163.14M	3,422.15M	3,546.48M	6,336.56M	5,962.11M
Long-Term Investments	7,985.26M	6,537.01M	6,537.01M	12,593.45M	13,147.21M	11,055.86M	10,287.62M	7,944.56M	3,534.33M	2,535.24M	2,072.25M	589.53M	-4,737.80M	-672.39M
Tax Assets	0.00M	0.00M	0.00M	1,952.48M	1,606.22M	1,309.56M	969.85M	856.09M	621.42M	573.52M	448.31M	422.52M	513.45M	343.75M
Other Non-Current Assets	10,141.54M	12,736.69M	12,736.69M	3,052.45M	-22,844.78M	-24,879.66M	-20,720.82M	-18,484.85M	-621.42M	-573.52M	-448.31M	-422.52M	6,580.75M	2,611.59M
Other Assets	0.00M	0.00M	0.00M	24,710.41M	0.00M	0.00M	0.00M	0.00M	6,863.34M	5,574.98M	4,783.80M	5,182.95M	0.00M	0.00M
Total Non-Current Assets	91,803.88M	76,522.35M	76,522.35M	99,742.34M	70,834.96M	71,952.70M	62,262.90M	57,082.40M	48,917.98M	47,555.63M	40,183.10M	38,291.72M	37,520.41M	36,025.24M
Total Assets	310,201.09M	270,198.94M	270,198.94M	273,513.17M	235,741.90M	244,258.57M	205,634.54M	186,359.04M	176,184.20M	160,754.15M	133,985.51M	127,148.60M	119,741.11M	100,589.65M
Accounts Payable	60,070.87M	42,634.91M	42,634.91M	54,451.02M	48,711.22M	61,764.28M	38,511.31M	3,039.23M	34,699.09M	19,766.24M	18,182.20M	17,516.76M	24,632.71M	19,317.49M
Short-Term Debt	61,508.09M	47,726.63M	47,726.63M	45,760.06M	52,181.74M	59,259.04M	51,323.92M	42,890.99M	53,067.68M	27,935.61M	19,326.67M	20,378.04M	20,350.56M	20,161.62M
Tax Payables	0.00M	0.00M	0.00M	803.77M	747.03M	894.39M	671.13M	452.96M	603.26M	559.55M	1,139.48M	1,125.37M	887.14M	901.34M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	3,960.64M	3,556.95M	2,477.76M	1,651.90M	1,711.94M	-45,313.00M	-33,443.71M	-34,757.47M	0.00M	0.00M
Other Current Liabilities	25,733.41M	30,093.79M	30,093.79M	8,571.57M	-4,907.32M	-243.25M	1,133.29M	31,635.97M	-5,050.48M	31,563.73M	23,618.04M	26,713.01M	10,649.81M	9,238.95M
Total Current Liabilities	147,312.38M	120,455.33M	120,455.33M	109,586.42M	100,693.30M	125,231.40M	94,117.41M	79,671.06M	85,031.49M	34,512.14M	28,822.69M	30,975.71M	56,520.21M	49,619.40M
Long-Term Debt	28,031.55M	24,332.02M	24,332.02M	15,092.48M	10,233.03M	7,181.23M	2,007.80M	9,243.44M	10,149.67M	3,443.65M	6,384.76M	12,882.85M	16,912.29M	11,053.98M
Capital Lease Obligations	1,421.61M	1,370.96M	1,370.96M	1,308.42M	862.30M	931.86M	1,155.71M	1,632.97M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	2,038.35M	2,038.35M	1,718.12M	1,587.42M	1,606.86M	1,668.87M	1,506.57M	881.27M	964.44M	938.45M	862.35M	815.55M	720.61M
Other Non-Current Liabilities	4,539.37M	1,266.43M	1,266.43M	1,118.65M	1,032.24M	916.62M	1,238.84M	0.00M	1,532.52M	1,704.47M	1,617.13M	1,467.41M	1,525.12M	1,460.48M
Total Non-Current Liabilities	33,992.53M	29,007.76M	29,007.76M	19,237.68M	13,714.98M	10,636.57M	6,071.22M	12,382.98M	12,563.46M	6,112.56M	8,940.33M	15,212.62M	19,252.96M	13,235.07M
Total Liabilities	181,304.90M	149,463.09M	149,463.09M	128,824.10M	114,408.28M	135,867.98M	100,188.63M	92,054.04M	97,594.95M	40,624.70M	37,763.02M	46,188.33M	75,773.17M	62,854.47M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	7,649.10M	3,508.51M	5,517.45M	3,077.27M	0.00M	0.00M
Common Stock	26,989.26M	26,208.58M	26,208.58M	27,118.30M	27,241.29M	27,241.29M	27,241.29M	27,241.29M	27,241.29M	27,241.29M	27,241.29M	12,473.92M	12,473.92M	4,629.42M
Retained Earnings	36,508.06M	32,985.75M	32,985.75M	32,076.21M	30,936.53M	27,732.53M	24,717.55M	22,121.02M	20,385.25M	18,801.44M	16,552.36M	13,730.95M	10,880.87M	8,234.93M
Accumulated OCI	-8,744.31M	-8,514.04M	-7,855.72M	-8,592.75M	-8,618.40M	-3,992.34M	-5,489.01M	-8,650.96M	-7,649.10M	-3,508.51M	-5,517.45M	-3,077.27M	-3,876.33M	-3,928.68M
Minority Interest	68,010.98M	53,036.51M	53,036.51M	51,723.09M	40,622.91M	44,002.78M	33,559.62M	28,870.47M	21,155.75M	21,267.37M	16,681.51M	17,343.33M	16,634.14M	14,660.44M
Total Shareholders’ Equity	54,753.01M	50,680.29M	51,338.61M	50,601.77M	49,559.42M	50,981.49M	46,469.83M	40,711.35M	47,626.54M	46,042.73M	43,793.65M	26,204.87M	19,478.46M	8,935.67M
Total Equity	122,763.99M	103,716.80M	104,375.12M	102,324.86M	90,182.33M	94,984.27M	80,029.44M	69,581.82M	68,782.29M	67,310.10M	60,475.16M	43,548.20M	36,112.59M	23,596.11M
Total Liabilities & Equity	304,068.90M	253,179.88M	253,838.20M	231,148.96M	204,590.61M	230,852.24M	180,218.07M	161,635.86M	166,377.24M	107,934.80M	98,238.18M	89,736.53M	111,885.77M	86,450.58M
Tangible Assets	271,509.56M	239,289.51M	239,289.51M	244,019.16M	181,547.60M	185,323.36M	156,550.53M	141,696.97M	152,316.12M	136,046.39M	113,158.54M	107,207.61M	98,082.89M	79,734.68M
Tangible Equity	84,072.46M	72,807.36M	73,465.69M	72,830.86M	35,988.03M	36,049.06M	30,945.43M	24,919.75M	44,914.21M	42,602.35M	39,648.18M	23,607.21M	14,454.38M	2,741.15M
Tangible Book Value	84,072.46M	72,807.36M	73,465.69M	72,830.86M	35,988.03M	36,049.06M	30,945.43M	24,919.75M	44,914.21M	42,602.35M	39,648.18M	23,607.21M	14,454.38M	2,741.15M
Total Investments	23,093.12M	6,537.01M	6,537.01M	20,933.03M	21,551.46M	23,043.77M	44,901.44M	13,591.02M	31,557.87M	9,091.88M	5,721.09M	6,899.88M	842.52M	1,084.25M
Net Debt	70,173.15M	54,581.58M	54,581.58M	36,201.87M	38,296.70M	41,112.50M	35,608.29M	34,995.81M	46,584.05M	17,217.43M	11,751.24M	20,882.29M	23,845.22M	16,040.21M

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
Working Capital	64,368.6M	57,059.3M	57,059.3M	44,335.1M	34,132.3M	35,287.0M	24,489.2M	26,270.9M	23,907.9M	21,464.1M	22,817.8M	16,633.1M	18,804.7M	9,899.9M
Total Capital	145,714.3M	124,761.6M	124,761.6M	112,762.7M	113,407.2M	118,937.4M	101,667.2M	95,236.0M	102,530.4M	90,626.5M	77,448.8M	70,142.6M	57,779.2M	49,203.9M
Capital Employed	156,172.4M	133,581.7M	133,581.7M	137,247.9M	107,608.4M	107,239.7M	86,752.1M	83,353.3M	72,825.8M	69,019.8M	63,000.9M	54,924.8M	56,325.1M	45,925.2M
Invested Capital	126,347.8M	107,284.6M	107,284.6M	88,112.1M	89,289.1M	93,609.7M	83,943.8M	78,097.3M	85,897.1M	76,464.6M	63,488.6M	57,764.0M	44,361.5M	34,028.5M

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
Net Income	7,114.54M	8,516.26M	3,633.08M	9,880.23M	4,147.41M	3,768.89M	3,297.13M	3,286.42M	3,977.60M	3,483.04M	2,821.41M	2,850.08M	5,535.73M	6,912.91M
Depreciation & Amortization	5,600.41M	6,324.71M	0.00M	3,496.62M	3,152.15M	2,821.89M	2,444.05M	2,364.85M	1,517.40M	1,451.72M	1,182.91M	1,267.47M	1,081.76M	1,195.70M
Deferred Income Tax	0.00M	-20,568.20M	0.00M	0.00M	-7,715.58M	-6,717.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	177.07M	184.18M	83.33M	156.10M	99.55M	1.17M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	5,911.40M	-5,918.16M	3,072.12M	1,601.42M	-934.80M	300.32M	-3,762.50M	-2,011.83M	-3,341.19M	-5,260.51M	-13,243.04M	-6,376.39M	-2,909.80M	-3,698.97M
Accounts Receivable	-2,842.84M	-20,717.24M	-7,608.95M	-6,998.96M	-8,022.74M	-5,197.63M	-5,120.70M	-7,586.94M	-3,370.68M	-4,514.25M	-8,736.52M	-6,218.79M	-5,946.60M	-7,851.82M
Inventory	-7,091.23M	-8,034.35M	-5,356.54M	-2,948.30M	-2,635.66M	-3,410.71M	-805.55M	-537.47M	29.48M	-746.25M	-4,506.52M	-157.60M	-3,025.47M	-1,095.01M
Accounts Payable	15,659.54M	21,031.41M	15,651.03M	12,055.78M	9,363.32M	7,536.55M	1,541.03M	6,189.60M	223.66M	106.79M	9,191.16M	4,140.63M	0.00M	7,851.82M
Other Working Capital	188.57M	1,802.02M	386.58M	-507.10M	360.28M	1,372.11M	622.72M	-77.02M	-223.66M	-106.79M	-9,191.16M	-4,140.63M	6,062.27M	5,247.85M
Other Non-Cash Items	21,072.76M	30,160.39M	10,746.98M	415.52M	12,149.98M	11,045.18M	4,298.49M	1,614.62M	6,093.15M	5,183.29M	13,358.37M	8,247.63M	-359.81M	-307.48M
Net Cash from Operating Activities	39,876.19M	18,713.60M	17,535.51M	15,549.89M	10,898.71M	11,220.44M	6,277.18M	5,254.06M	8,246.97M	4,857.54M	4,119.65M	5,988.79M	3,347.87M	4,102.16M
Capital Expenditures (PPE)	-4,247.78M	-6,731.66M	-3,472.58M	-3,461.64M	-3,356.33M	-2,902.87M	-2,218.50M	-2,040.51M	-1,516.65M	-1,566.71M	-1,718.43M	-1,823.19M	-2,284.06M	-2,995.48M
Acquisitions (Net)	-4,544.76M	-99.76M	522.89M	627.73M	-572.16M	-1,011.08M	-82.95M	1,034.95M	-4,048.86M	-2,026.04M	-2,829.56M	-398.88M	-814.26M	-3,578.88M
Purchases of Investments	-71.54M	141.26M	-37,577.55M	-24,069.29M	-3,047.55M	-1,093.77M	-371.45M	-1,603.10M	-3,524.69M	-8,573.55M	-15,919.38M	-17,422.58M	-12,041.26M	-4,321.42M
Sales / Maturities of Investments	15,826.62M	-960.17M	35,476.94M	22,355.45M	16.33M	0.34M	536.44M	130.23M	16,988.08M	3,256.69M	18,343.44M	15,575.73M	8,755.72M	2,925.17M
Other Investing Activities	-20,156.69M	-125.46M	-3,837.46M	2,480.47M	3,661.31M	-3,825.29M	114.78M	3,520.26M	-17,698.89M	398.04M	170.87M	149.69M	3.46M	2,181.89M
Net Cash from Investing Activities	-13,194.14M	-7,775.80M	-8,887.77M	-2,067.29M	-3,298.39M	-8,832.67M	-2,021.68M	1,041.82M	-9,801.00M	-8,511.57M	-1,953.06M	-3,919.22M	-6,380.40M	-5,788.72M
Net Debt Issuance	-2,627.89M	-9,745.81M	-3,913.62M	-199.00M	-5,055.61M	7,655.72M	-3,926.94M	-19,592.08M	12,880.04M	4,785.78M	-9,267.25M	2,958.34M	5,183.33M	2,021.49M
Long-Term Debt Issuance	13,063.15M	-9,745.81M	-3,913.62M	-199.00M	1,299.29M	-2,038.07M	-3,926.94M	-14,591.74M	9,873.01M	4,785.78M	-8,297.92M	2,958.34M	5,183.33M	2,021.49M
Short-Term Debt Issuance	-15,691.05M	0.00M	0.00M	0.00M	-6,354.90M	9,693.78M	0.00M	-3,008.58M	3,007.03M	0.00M	-969.32M	0.00M	0.00M	0.00M
Net Stock Issuance	-657.68M	2,788.24M	-657.32M	-571.10M	-434.14M	-86.76M	-145.44M	-146.29M	0.00M	0.00M	13,485.89M	0.00M	0.00M	4,127.40M
Common Stock Issuance	3,254.44M	2,987.54M	3,252.67M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	13,485.89M	0.00M	0.00M	4,127.40M
Common Stock Repurchased	-3,912.11M	-570.21M	-3,909.99M	-516.84M	-3,415.16M	-70.92M	-145.44M	-146.29M	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	-15.84M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-2,552.43M	-942.38M	-1,614.36M	-972.36M	-942.38M	-753.90M	-691.08M	-816.99M	-691.30M	-565.61M	0.00M	0.00M	0.00M	0.00M
Common Dividends Paid	-2,552.43M	-942.38M	-1,614.36M	-968.08M	-942.38M	-753.90M	-691.08M	-816.99M	-607.14M	-472.62M	0.00M	0.00M	0.00M	0.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	-4.28M	0.00M	0.00M	0.00M	0.00M	-84.16M	-92.98M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-22,341.43M	4,743.04M	-10,653.16M	-2,322.86M	-2,569.48M	-1,501.96M	1,162.26M	11,452.10M	-7,521.30M	-1,093.30M	-4,844.10M	-4,259.86M	-2,712.19M	-2,140.22M
Net Cash from Financing Activities	-28,179.43M	-2,063.04M	-16,838.45M	-4,065.32M	-9,001.60M	5,313.09M	-3,601.19M	-9,103.25M	4,667.44M	3,126.87M	-625.46M	-1,554.28M	2,471.14M	4,008.67M
Effect of FX on Cash	3,606.26M	-1,329.70M	-35.22M	9.66M	191.58M	-96.52M	-69.51M	-228.07M	-651.80M	729.64M	-783.82M	-1,036.28M	-589.65M	159.66M
Net Change in Cash	2,112.45M	8,229.35M	-8,126.03M	9,426.94M	-1,209.70M	7,604.34M	584.80M	-2,923.35M	2,461.60M	202.48M	757.31M	-521.00M	-1,151.04M	2,481.76M
Cash at Beginning of Period	107,021.37M	99,568.74M	34,868.01M	15,223.73M	25,327.77M	17,723.43M	17,138.63M	20,061.98M	14,174.73M	13,972.25M	13,214.95M	13,735.94M	12,134.85M	12,693.63M
Cash at End of Period	103,614.65M	107,798.08M	26,741.98M	24,650.67M	24,118.07M	25,327.77M	17,723.43M	17,138.63M	16,636.34M	14,174.73M	13,972.25M	13,214.95M	10,983.81M	15,175.39M
Operating Cash Flow	40,623.14M	18,713.60M	17,547.70M	15,549.89M	10,898.71M	11,220.44M	6,277.18M	5,254.06M	8,246.97M	4,857.54M	4,119.65M	5,988.79M	3,347.87M	4,102.16M
Capital Expenditure	-5,899.49M	-6,731.66M	-3,000.60M	-3,132.72M	-3,356.33M	-2,902.87M	-2,218.50M	-2,040.51M	-1,516.65M	-1,566.71M	-1,718.43M	-1,823.19M	-2,549.71M	-2,995.48M
Free Cash Flow	35,539.17M	11,981.94M	14,547.10M	12,417.17M	7,542.39M	8,317.57M	4,058.68M	3,213.55M	6,730.32M	3,290.83M	2,401.21M	4,165.60M	798.16M	1,106.68M

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
EBITDA	34,701.85M	28,011.66M	15,263.29M	16,010.60M	18,223.53M	12,070.74M	10,914.61M	10,816.81M	12,373.26M	10,741.51M	9,701.83M	9,728.75M	8,851.10M	8,517.55M
(-) Tax Adjustment	7,864.66M	5,952.34M	3,528.43M	3,100.94M	3,721.00M	2,528.04M	2,702.41M	2,566.03M	2,169.66M	2,147.07M	2,502.55M	2,378.39M	1,829.48M	1,796.78M
(-) Change In Working Capital	5,911.40M	-5,918.16M	3,072.12M	1,601.42M	-934.80M	300.32M	-3,762.50M	-2,011.83M	-3,341.19M	-5,260.51M	-13,243.04M	-6,376.39M	-2,909.80M	-3,698.97M
(-) Capital Expenditure	-5,899.49M	-6,731.66M	-3,000.60M	-3,132.72M	-3,356.33M	-2,902.87M	-2,218.50M	-2,040.51M	-1,516.65M	-1,566.71M	-1,718.43M	-1,823.19M	-2,549.71M	-2,995.48M
Unlevered Free Cash Flow	15,026.30M	21,245.81M	5,662.14M	8,175.53M	12,081.01M	6,339.51M	9,756.19M	8,222.11M	12,028.15M	12,288.24M	18,723.88M	11,903.56M	7,381.72M	7,424.26M
(-) Net Interest Income After Taxes	-2,346.07M	-3,284.35M	-1,230.73M	-1,450.27M	-1,607.64M	-1,566.67M	-1,864.09M	-509.65M	-2,125.16M	-1,491.57M	-54.17M	-1,373.90M	-1,354.10M	-207.65M
Net Debt Issuance	-2,627.89M	-9,745.81M	-3,913.62M	-199.00M	-5,055.61M	7,655.72M	-3,926.94M	-19,592.08M	12,880.04M	4,785.78M	-9,267.25M	2,958.34M	5,183.33M	2,021.49M
Levered Free Cash Flow	14,744.48M	14,784.35M	2,979.25M	9,426.80M	8,633.04M	15,561.89M	7,693.34M	-10,860.32M	27,033.35M	18,565.59M	9,510.80M	16,235.79M	13,919.15M	9,653.39M