Sinotruk (Hong Kong) Limited (3808.HK)

Industry: Agricultural - Machinery Sector: Industrials Currency Used: CN Live Price: $29.66

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Stock Price	19.92	13.88	9.50	11.80	17.47	12.92	10.63	6.12	3.91	3.16	3.28	3.20	4.27	4.01	6.07	7.30	5.61	10.96	11.10
Market Capitalization	54,807.84M	38,323.45M	26,221.81M	32,582.93M	48,217.04M	35,646.79M	29,331.76M	16,905.30M	10,779.94M	8,711.83M	9,038.48M	8,822.80M	11,789.03M	11,067.79M	16,763.42M	16,070.39M	12,720.30M	20,902.76M	19,346.84M
(-) Cash & Equivalents	13,962.56M	13,284.60M	17,776.06M	26,672.32M	25,358.17M	15,904.31M	14,716.56M	11,462.27M	8,077.28M	7,249.52M	8,210.88M	3,578.34M	4,650.08M	11,375.75M	12,177.10M	5,686.47M	3,360.74M	5,038.55M	773.97M
(+) Total Debt	6,650.63M	4,648.13M	4,384.81M	3,216.36M	1,581.44M	1,364.28M	3,492.50M	4,513.25M	5,011.92M	5,959.41M	8,267.97M	9,981.21M	11,741.44M	15,332.63M	12,524.49M	4,262.94M	4,012.32M	2,690.81M	2,727.64M
Enterprise Value	47,495.91M	29,686.99M	12,830.57M	9,126.97M	24,440.31M	21,106.77M	18,107.70M	9,956.28M	7,714.58M	7,421.71M	9,095.57M	15,225.66M	18,880.39M	15,024.67M	17,110.82M	14,646.87M	13,371.88M	18,555.02M	21,300.52M

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
Revenue	190,049M	128,982M	95,062M	85,498M	59,291M	93,357M	98,198M	62,613M	62,728M	55,458M	32,959M	28,305M	32,809M	30,410M	27,888M	36,604M	39,656M	27,223M	26,000M	21,297M	12,767M
Cost of Revenue	160,190M	107,251M	80,196M	71,263M	49,341M	77,958M	78,613M	50,394M	51,403M	45,430M	27,141M	23,277M	27,273M	25,319M	23,737M	30,898M	33,312M	23,416M	22,359M	17,395M	10,530M
Gross Profit	29,858M	21,732M	14,865M	14,236M	9,950M	15,399M	19,585M	12,219M	11,324M	10,028M	5,818M	5,028M	5,536M	5,091M	4,151M	5,706M	6,344M	3,806M	3,641M	3,903M	2,238M
Gross Profit Margin	15.7%	16.8%	15.6%	16.7%	16.8%	16.5%	19.9%	19.5%	18.1%	18.1%	17.7%	17.8%	16.9%	16.7%	14.9%	15.6%	16.0%	14.0%	14.0%	18.3%	17.5%
R&D Expenses	5,259M	5,924M	2,736M	2,523M	2,582M	3,341M	2,673M	1,841M	1,226M	1,294M	1,219M	1,123M	965M	860M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	17,185M	16,707M	8,414M	8,671M	7,744M	10,825M	10,654M	7,070M	5,990M	6,180M	4,981M	4,742M	4,686M	4,313M	3,946M	-4,028M	4,027M	2,589M	2,357M	806M	639M
Operating Expenses	14,862M	15,362M	7,407M	7,748M	7,156M	9,645M	10,115M	7,165M	5,474M	5,820M	4,617M	4,281M	4,411M	4,103M	3,946M	-3,662M	4,051M	2,323M	2,392M	1,966M	916M
Operating Income (EBIT)	14,996M	6,370M	7,458M	6,487M	2,794M	5,754M	9,471M	5,054M	5,850M	4,208M	1,201M	747M	1,125M	988M	205M	9,368M	2,293M	1,483M	1,249M	1,937M	1,322M
Operating Income Margin	7.9%	4.9%	7.8%	7.6%	4.7%	6.2%	9.6%	8.1%	9.3%	7.6%	3.6%	2.6%	3.4%	3.2%	0.7%	25.6%	5.8%	5.4%	4.8%	9.1%	10.4%
Interest Income	502M	263M	331M	314M	140M	120M	27M	47M	93M	90M	65M	321M	321M	84M	115M	203M	212M	239M	289M	0M	0M
Interest Expense	0M	0M	139M	29M	10M	11M	0M	141M	214M	247M	345M	411M	428M	479M	632M	780M	451M	273M	239M	48M	135M
Net Interest Income	502M	263M	193M	284M	131M	109M	27M	-94M	-121M	-157M	-280M	-90M	-107M	-395M	-517M	-577M	-239M	-34M	50M	-48M	-135M
Unusual Items	349M	2M	130M	111M	-30M	0M	53M	1M	4M	4M	0M	-231M	-213M	0M	632M	-7,325M	0M	-2M	0M	0M	0M
EBT Excluding Unusual Items	15,498M	6,633M	7,651M	6,772M	2,925M	5,863M	9,498M	4,960M	5,729M	4,051M	922M	657M	1,018M	592M	-312M	8,791M	2,054M	1,449M	1,299M	1,889M	1,187M
Pre-Tax Income	15,847M	6,635M	7,780M	6,883M	2,895M	5,863M	9,551M	4,961M	5,733M	4,055M	922M	426M	804M	592M	320M	1,466M	2,054M	1,447M	1,299M	1,889M	1,187M
Pre-Tax Margin	8.3%	5.1%	8.2%	8.1%	4.9%	6.3%	9.7%	7.9%	9.1%	7.3%	2.8%	1.5%	2.5%	1.9%	1.1%	4.0%	5.2%	5.3%	5.0%	8.9%	9.3%
Income Tax Expense	2,235M	1,402M	1,092M	1,056M	958M	1,153M	2,127M	1,045M	1,006M	720M	259M	103M	209M	153M	149M	298M	325M	303M	186M	501M	407M
Net Income	12,230M	4,745M	5,858M	5,318M	1,673M	4,322M	6,851M	3,474M	4,345M	3,023M	532M	206M	408M	271M	123M	1,002M	1,481M	965M	881M	1,388M	780M
Net Income Margin	6.4%	3.7%	6.2%	6.2%	2.8%	4.6%	7.0%	5.5%	6.9%	5.5%	1.6%	0.7%	1.2%	0.9%	0.4%	2.7%	3.7%	3.5%	3.4%	6.5%	6.1%
Depreciation & Amortization	2,864M	2,796M	1,408M	1,572M	1,352M	1,371M	1,551M	1,629M	1,180M	1,248M	1,385M	1,234M	1,220M	1,022M	996M	950M	854M	543M	358M	0M	0M
EBITDA	17,860M	9,166M	8,866M	8,060M	4,146M	7,125M	11,022M	6,684M	7,031M	5,457M	2,586M	1,981M	2,345M	2,010M	1,201M	10,318M	3,147M	2,026M	1,606M	1,937M	1,322M
EBITDA Margin	9.4%	7.1%	9.3%	9.4%	7.0%	7.6%	11.2%	10.7%	11.2%	9.8%	7.8%	7.0%	7.1%	6.6%	4.3%	28.2%	7.9%	7.4%	6.2%	9.1%	10.4%
NOPAT	12,881M	5,023M	6,411M	5,492M	1,870M	4,622M	7,361M	3,990M	4,824M	3,462M	864M	567M	832M	733M	110M	7,466M	1,931M	1,173M	1,070M	1,423M	869M
NOPAT Margin	6.8%	3.9%	6.7%	6.4%	3.2%	5.0%	7.5%	6.4%	7.7%	6.2%	2.6%	2.0%	2.5%	2.4%	0.4%	20.4%	4.9%	4.3%	4.1%	6.7%	6.8%
Owner's Earnings	11,582M	3,975M	5,023M	4,331M	1,585M	3,176M	7,364M	4,215M	4,155M	3,400M	1,555M	778M	1,259M	851M	448M	171M	774M	132M	-1,659M	138M	-566M
Owner's Earnings Margin	6.1%	3.1%	5.3%	5.1%	2.7%	3.4%	7.5%	6.7%	6.6%	6.1%	4.7%	2.7%	3.8%	2.8%	1.6%	0.5%	2.0%	0.5%	-6.4%	0.6%	-4.4%
EPS (Basic)	4.46	1.71	2.14	1.93	0.61	1.57	2.48	1.26	1.57	1.09	0.19	0.07	0.15	0.10	0.04	0.36	0.54	0.38	0.39	0.71	0.43
EPS (Diluted)	4.45	1.72	2.13	1.93	0.61	1.57	2.48	1.26	1.57	1.09	0.19	0.07	0.15	0.10	0.04	0.36	0.54	0.42	0.39	0.89	0.53
Shares (Basic)	2,751M	2,761M	2,742M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,202M	2,268M	1,565M	1,485M
Shares (Diluted)	2,749M	2,761M	2,747M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,761M	2,305M	2,268M	1,565M	1,485M

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
Cash & Cash Equivalents	14,945.26M	12,201.42M	12,201.42M	15,251.51M	15,262.26M	24,692.40M	26,049.06M	15,923.64M	15,190.88M	12,417.39M	9,188.41M	6,581.60M	8,775.52M	5,288.23M	4,974.96M	11,331.63M	13,806.54M	11,372.93M	6,721.47M	10,077.09M	2,321.90M
Short-Term Investments	22,768.25M	28,330.51M	28,330.51M	32,937.09M	27,778.71M	7,675.33M	9,824.43M	3,982.71M	2,078.18M	3,122.05M	1,801.78M	129.50M	111.18M	1.24M	65.49M	5.22M	1.09M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	37,713.51M	40,531.93M	40,531.93M	48,188.60M	43,040.97M	32,367.73M	35,873.49M	19,906.35M	17,269.06M	15,539.44M	10,990.19M	6,711.10M	8,886.69M	5,289.47M	5,040.45M	11,336.85M	13,807.63M	11,372.93M	6,721.47M	10,077.09M	2,321.90M
Net Receivables	20,841.21M	27,864.13M	27,864.13M	9,507.75M	6,662.14M	7,276.71M	6,766.48M	8,293.28M	10,289.83M	7,811.44M	10,010.32M	10,503.83M	10,426.89M	13,866.58M	13,040.89M	-1,754.75M	0.00M	7,209.52M	5,201.67M	0.00M	0.00M
Inventory	11,870.37M	11,639.71M	11,639.71M	13,338.40M	13,496.45M	16,667.16M	20,810.99M	9,811.22M	11,600.05M	13,246.03M	8,371.85M	6,346.48M	6,577.33M	7,803.96M	7,560.53M	10,192.74M	13,381.84M	10,750.44M	5,327.67M	4,247.75M	2,610.40M
Other Current Assets	24,867.32M	9,492.19M	9,492.19M	16,032.01M	16,490.56M	23,671.92M	20,623.61M	10,622.48M	6,955.00M	6,804.08M	3,688.70M	2,802.49M	2,172.52M	1,956.08M	894.22M	15,873.85M	14,341.87M	7,284.75M	3,756.82M	2,267.70M	3,417.39M
Total Current Assets	95,292.41M	89,527.95M	89,527.95M	87,066.77M	79,690.11M	79,983.52M	84,074.57M	48,633.33M	46,113.94M	43,400.99M	33,061.06M	26,363.89M	28,063.45M	28,916.08M	26,536.09M	35,648.68M	41,531.33M	36,617.64M	21,007.63M	16,592.54M	8,349.69M
Property, Plant & Equipment	17,454.32M	17,678.90M	17,678.90M	15,831.86M	17,806.98M	16,769.05M	14,891.90M	12,207.33M	10,451.42M	9,937.77M	10,165.40M	11,093.67M	11,756.29M	12,681.51M	14,299.97M	11,603.39M	9,359.94M	7,906.96M	6,498.83M	4,187.58M	2,647.73M
Goodwill	68.93M	68.93M	68.93M	68.93M	68.93M	121.43M	68.93M	17.48M	3.87M	3.87M	3.87M	3.87M	3.87M	3.87M	3.87M	3.87M	3.87M	3.87M	0.00M	0.00M	0.00M
Intangible Assets	130.28M	2,375.38M	2,375.38M	152.07M	232.37M	220.28M	280.26M	284.79M	1,936.79M	2,006.95M	2,001.89M	2,251.01M	2,407.52M	2,217.98M	546.71M	2,070.74M	2,159.53M	1,212.36M	475.51M	325.11M	247.19M
Long-Term Investments	5,102.28M	-21,565.35M	-21,565.35M	7,833.17M	2,002.64M	1,370.31M	1,061.34M	529.65M	745.76M	683.36M	819.56M	553.52M	8.97M	2.32M	-60.93M	1.00M	5.11M	27.84M	12.79M	0.00M	0.00M
Tax Assets	0.00M	2,147.38M	2,147.38M	2,251.43M	2,302.34M	2,222.78M	2,327.10M	1,675.93M	1,413.52M	1,484.25M	1,249.22M	1,161.76M	1,081.52M	952.78M	880.96M	820.17M	842.26M	321.53M	316.18M	203.43M	195.81M
Other Non-Current Assets	22,197.46M	38,644.58M	38,644.58M	8,581.26M	-2,302.34M	-2,222.78M	-2,327.10M	-1,675.93M	-1,413.52M	-1,484.25M	-1,249.22M	-1,161.76M	-1,081.52M	-952.78M	640.56M	402.05M	7.58M	-14.73M	-8.62M	0.00M	0.00M
Other Assets	0.00M	0.00M	0.00M	0.00M	5,610.03M	8,555.36M	10,631.26M	5,430.30M	4,503.50M	4,140.54M	2,686.88M	1,752.41M	1,792.95M	1,556.70M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	44,953.27M	39,349.83M	39,349.83M	34,718.72M	25,720.95M	27,036.42M	26,933.69M	18,469.54M	17,641.33M	16,772.49M	15,677.61M	15,654.48M	15,969.59M	16,462.38M	16,311.15M	14,901.22M	12,378.29M	9,457.83M	7,294.69M	4,716.11M	3,090.73M
Total Assets	140,245.68M	128,877.78M	128,877.78M	121,785.49M	105,411.06M	107,019.93M	111,008.26M	67,102.87M	63,755.27M	60,173.48M	48,738.66M	42,018.37M	44,033.03M	45,378.46M	42,847.24M	50,549.91M	53,909.62M	46,075.48M	28,302.31M	21,308.65M	11,440.42M
Accounts Payable	60,427.27M	53,071.54M	53,071.54M	46,624.08M	33,271.08M	37,478.56M	54,694.96M	25,185.39M	22,234.26M	22,413.17M	16,348.20M	9,799.61M	10,116.69M	8,346.63M	6,445.52M	9,180.23M	17,953.74M	11,722.67M	7,609.15M	6,604.80M	3,673.80M
Short-Term Debt	6,222.21M	5,232.14M	5,232.14M	4,907.13M	3,889.80M	3,510.51M	1,473.91M	1,000.00M	3,000.00M	3,990.00M	4,511.79M	3,415.70M	4,849.99M	9,055.24M	5,388.25M	13,498.81M	11,520.93M	7,250.30M	7,680.21M	4,457.19M	7,775.56M
Tax Payables	0.00M	0.00M	0.00M	683.66M	480.29M	1,119.20M	2,721.72M	575.04M	577.83M	537.92M	294.72M	217.00M	283.86M	143.42M	172.03M	76.75M	487.04M	112.03M	15.64M	41.63M	132.13M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-3,891.72M	-3,513.81M	0.00M	-1,031.22M	-3,000.00M	-3,990.00M	-4,511.79M	-3,379.70M	-4,813.99M	-9,019.24M	0.00M	0.00M	0.00M	0.00M	0.00M	41.63M	132.13M
Other Current Liabilities	20,733.11M	9,030.25M	9,030.25M	15,065.28M	22,612.58M	20,051.55M	12,257.33M	9,366.96M	8,429.63M	7,343.44M	4,832.42M	3,843.10M	4,298.03M	5,592.23M	2,040.44M	3,505.11M	542.16M	-633.76M	143.11M	152.63M	1,865.01M
Total Current Liabilities	87,382.59M	67,333.93M	67,333.93M	67,280.16M	56,362.03M	58,646.00M	71,147.92M	35,096.18M	31,241.72M	30,294.53M	21,475.33M	13,895.71M	14,734.58M	14,118.28M	14,046.23M	26,260.90M	30,503.87M	18,451.23M	15,448.12M	11,297.88M	13,578.63M
Long-Term Debt	429.81M	465.68M	465.68M	141.53M	0.00M	0.00M	237.93M	0.00M	0.00M	0.00M	0.00M	2,291.28M	2,412.47M	753.40M	5,618.99M	2,106.80M	2,686.24M	1,500.25M	344.43M	924.43M	407.37M
Capital Lease Obligations	9.68M	7.19M	7.19M	2.90M	2.06M	4.38M	23.24M	57.38M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	0.00M	98.90M	109.76M	127.24M	96.77M	28.45M	41.06M	51.40M	40.91M	27.41M	28.92M	29.87M	48.81M	42.69M	35.19M	10.88M	1.46M	0.00M	0.00M
Other Non-Current Liabilities	1,150.67M	1,100.51M	1,100.51M	410.37M	525.47M	577.84M	-603.26M	0.00M	366.80M	426.83M	374.99M	0.00M	0.00M	0.00M	200.55M	283.85M	419.96M	51.76M	47.51M	81.55M	99.09M
Total Non-Current Liabilities	1,590.15M	1,573.39M	1,573.39M	653.71M	637.28M	709.46M	-245.32M	85.83M	407.86M	478.23M	415.90M	2,318.68M	2,441.38M	783.27M	5,868.35M	2,433.34M	3,141.38M	1,562.89M	393.40M	1,005.98M	506.46M
Total Liabilities	88,972.73M	68,907.31M	68,907.31M	67,933.87M	56,999.32M	59,355.46M	70,902.60M	35,182.01M	31,649.58M	30,772.76M	21,891.24M	16,214.39M	17,175.96M	14,901.55M	19,914.58M	28,694.24M	33,645.25M	20,014.12M	15,841.52M	12,303.86M	14,085.09M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2,137.84M	2,131.26M	2,388.14M	2,405.36M	2,517.32M	2,610.12M	2,591.32M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	16,717.02M	16,717.02M	16,717.02M	16,717.02M	16,717.02M	16,717.02M	16,717.02M	16,717.02M	16,717.02M	16,717.02M	16,717.02M	16,717.02M	16,717.02M	261.49M	261.49M	261.49M	261.49M	261.49M	219.65M	0.00M	0.00M
Retained Earnings	22,703.81M	20,681.05M	20,681.05M	25,014.12M	20,631.04M	20,432.53M	18,523.63M	12,718.35M	10,902.78M	8,428.58M	5,600.15M	5,138.42M	5,063.97M	4,749.36M	0.00M	3,712.17M	0.00M	0.00M	1,693.71M	1,503.61M	545.92M
Accumulated OCI	3,801.20M	-1,943.83M	-1,943.83M	-1,458.98M	-1,439.08M	-1,478.41M	-3,125.64M	-3,075.73M	-2,131.26M	-2,388.14M	-2,405.36M	-2,517.32M	-2,610.12M	-2,591.32M	-4,474.71M	-3,646.89M	-2,889.99M	-2,104.68M	-1,615.87M	0.00M	0.00M
Minority Interest	8,050.92M	7,991.88M	7,991.88M	7,688.37M	7,059.59M	7,096.94M	3,564.40M	3,166.80M	2,852.31M	2,673.25M	2,427.29M	2,377.55M	2,075.50M	1,948.24M	1,806.01M	1,818.96M	1,632.69M	1,283.83M	1,138.24M	916.23M	644.10M
Total Shareholders’ Equity	43,222.03M	35,454.25M	35,454.25M	40,272.16M	35,908.99M	35,671.14M	32,115.01M	28,497.48M	27,619.81M	25,145.60M	22,317.17M	21,855.44M	21,781.00M	5,010.85M	-4,213.23M	326.77M	-2,628.50M	-1,843.19M	297.49M	1,503.61M	545.92M
Total Equity	51,272.94M	43,446.13M	43,446.13M	47,960.53M	42,968.58M	42,768.09M	35,679.41M	31,664.28M	30,472.11M	27,818.85M	24,744.46M	24,232.99M	23,856.50M	6,959.09M	-2,407.22M	2,145.73M	-995.80M	-559.36M	1,435.73M	2,419.84M	1,190.02M
Total Liabilities & Equity	140,245.68M	112,353.44M	112,353.44M	115,894.40M	99,967.89M	102,123.55M	106,582.01M	66,846.29M	62,121.69M	58,591.61M	46,635.70M	40,447.38M	41,032.46M	21,860.63M	17,507.36M	30,839.96M	32,649.45M	19,454.77M	17,277.24M	14,723.70M	15,275.11M
Tangible Assets	140,046.46M	126,433.47M	126,433.47M	121,564.48M	105,109.76M	106,678.23M	110,659.07M	66,800.60M	61,814.61M	58,162.66M	46,732.90M	39,763.50M	41,621.65M	43,156.61M	42,296.65M	48,475.30M	51,746.22M	44,859.25M	27,826.81M	20,983.55M	11,193.23M
Tangible Equity	51,073.73M	41,001.82M	41,001.82M	47,739.53M	42,667.28M	42,426.38M	35,330.21M	31,362.01M	28,531.45M	25,808.03M	22,738.70M	21,978.12M	21,445.11M	4,737.24M	-2,957.80M	71.12M	-3,159.20M	-1,775.59M	960.22M	2,094.74M	942.83M
Tangible Book Value	51,073.73M	41,001.82M	41,001.82M	47,739.53M	42,667.28M	42,426.38M	35,330.21M	31,362.01M	28,531.45M	25,808.03M	22,738.70M	21,978.12M	21,445.11M	4,737.24M	-2,957.80M	71.12M	-3,159.20M	-1,775.59M	960.22M	2,094.74M	942.83M
Total Investments	17,658.77M	6,765.17M	6,765.17M	40,770.26M	26,387.07M	6,447.55M	5,819.86M	2,244.75M	2,823.94M	3,023.43M	2,495.65M	683.02M	120.15M	3.56M	4.56M	6.23M	6.20M	27.84M	12.79M	0.00M	0.00M
Net Debt	-8,293.25M	-6,503.60M	-6,503.60M	-10,202.84M	-11,372.46M	-21,181.89M	-24,337.22M	-14,923.64M	-12,190.88M	-8,427.39M	-4,676.62M	-874.62M	-1,513.07M	4,520.41M	6,032.27M	4,273.98M	400.64M	-2,622.39M	1,303.18M	-4,695.48M	5,861.03M

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
Working Capital	7,906.6M	11,372.5M	11,372.5M	14,536.7M	18,443.1M	17,094.9M	10,206.9M	11,696.7M	11,066.3M	9,085.1M	7,036.5M	8,660.4M	7,978.4M	5,539.8M	10,406.7M	8,705.8M	11,027.5M	10,639.4M	5,559.5M	8,193.2M	-999.2M
Total Capital	49,883.7M	46,865.5M	46,865.5M	45,323.7M	39,800.8M	39,186.0M	33,850.1M	28,318.4M	28,488.5M	26,747.5M	24,423.6M	25,009.1M	26,397.3M	28,636.8M	29,656.3M	34,355.2M	32,334.6M	25,447.0M	19,330.1M	16,368.7M	9,123.9M
Capital Employed	52,859.9M	50,722.4M	50,722.4M	49,255.4M	44,164.1M	44,131.3M	37,140.6M	30,166.3M	28,707.7M	25,857.5M	22,714.1M	24,314.8M	23,948.0M	22,002.2M	26,717.8M	23,607.0M	23,405.8M	20,097.2M	12,854.2M	12,909.3M	2,091.5M
Invested Capital	34,938.5M	34,664.1M	34,664.1M	30,072.2M	24,538.6M	14,493.6M	7,801.0M	12,394.8M	13,297.7M	14,330.1M	15,235.2M	18,427.5M	17,621.8M	23,348.5M	24,681.4M	23,023.6M	18,528.0M	14,074.1M	12,608.7M	6,291.6M	6,802.0M

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
Net Income	12,230.31M	4,744.77M	7,780.33M	6,882.68M	1,796.57M	4,322.07M	6,850.52M	3,474.19M	4,345.89M	3,023.02M	532.11M	205.95M	408.03M	271.39M	320.44M	1,465.97M	2,054.25M	1,446.53M	1,299.11M	1,387.96M	779.88M
Depreciation & Amortization	1,779.79M	2,933.00M	1,798.41M	1,572.49M	1,412.69M	1,447.08M	1,625.11M	1,666.87M	1,083.26M	1,152.49M	1,191.08M	1,234.13M	1,219.76M	1,022.06M	995.57M	950.34M	853.96M	543.07M	357.69M	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
Stock-Based Compensation	55.09M	0.00M	55.09M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-14,140.18M	19,963.89M	1,509.84M	3,940.39M	8,492.16M	1,490.74M	-20,775.16M	444.81M	-504.44M	-8,901.60M	-3,665.65M	-488.61M	3,858.04M	-3,265.69M	-251.72M	-2,945.35M	-8,950.44M	280.67M	-1,825.34M	0.00M	0.00M
Accounts Receivable	-14,456.56M	3,997.09M	-10,943.46M	-3,513.10M	6,186.98M	-2,228.85M	-9,609.84M	-1,267.93M	-1,976.32M	-3,777.74M	-1,606.96M	-621.71M	2,735.56M	-2,829.81M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	443.16M	6,020.19M	1,087.59M	-644.43M	2,305.18M	3,719.59M	-11,165.33M	1,712.73M	1,471.89M	-5,123.86M	-2,058.69M	133.10M	1,122.47M	-435.89M	2,542.57M	2,981.26M	-7,435.87M	26.95M	-975.77M	0.00M	0.00M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	-2,145.21M	-7,719.62M	-1,530.69M	183.55M	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
Other Working Capital	-126.79M	9,946.61M	11,365.71M	8,097.92M	2,145.21M	7,719.62M	1,530.69M	-183.55M	-132.60M	657.70M	-112.63M	509.33M	-944.45M	-314.91M	-2,794.28M	-5,926.61M	-1,514.58M	253.72M	-849.57M	0.00M	0.00M
Other Non-Cash Items	18,494.90M	-17,166.63M	-1,056.97M	-1,027.21M	-806.41M	-10,470.75M	31,791.23M	3,392.77M	-931.73M	9,881.45M	7,180.53M	88.11M	194.81M	2,618.42M	-271.12M	-897.26M	-337.34M	-558.71M	-774.97M	-153.04M	1,346.96M
Net Cash from Operating Activities	18,419.90M	10,475.02M	10,086.70M	11,368.36M	10,895.02M	-3,210.85M	19,491.69M	8,978.62M	3,992.98M	5,155.36M	5,238.06M	1,039.57M	5,680.63M	646.18M	793.18M	-1,426.31M	-6,379.58M	1,711.55M	-943.51M	1,234.92M	2,126.85M
Capital Expenditures (PPE)	-2,106.64M	-3,565.62M	-2,236.54M	-2,547.78M	-1,439.90M	-2,516.77M	-1,037.43M	-888.04M	-1,370.39M	-871.09M	-362.34M	-662.00M	-368.63M	-442.33M	-670.05M	-1,781.26M	-1,560.46M	-1,375.79M	-2,897.43M	-1,249.64M	-1,345.46M
Acquisitions (Net)	0.00M	-248.91M	561.22M	0.00M	-504.38M	151.08M	-1,171.45M	-70.24M	-5.00M	-29.18M	1,531.79M	-386.37M	-16.68M	0.00M	-6.58M	74.62M	-102.58M	7.31M	17.59M	0.00M	0.00M
Purchases of Investments	0.00M	0.00M	-62,881.32M	-89,742.85M	-62,373.36M	-25,788.17M	-47,840.96M	-34,250.00M	-11,694.91M	-14,830.71M	-6,720.71M	-3,223.43M	-3,124.29M	0.00M	-78.39M	-54.01M	-0.89M	0.00M	-7.73M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	55,464.01M	80,513.89M	45,543.27M	27,987.64M	44,467.52M	34,978.82M	13,754.07M	12,944.58M	5,188.92M	2,866.45M	3,057.89M	34.88M	17.95M	49.69M	1,053.22M	0.00M	81.51M	0.00M	0.00M
Other Investing Activities	-10,483.00M	-19,550.93M	430.59M	717.55M	168.10M	129.54M	-320.53M	124.42M	287.58M	109.49M	166.16M	210.69M	45.28M	70.11M	208.82M	105.84M	288.62M	-787.85M	91.14M	-71.61M	100.15M
Net Cash from Investing Activities	-12,589.64M	-23,365.47M	-8,662.06M	-11,059.19M	-18,606.26M	-36.68M	-5,902.84M	-105.05M	971.35M	-2,676.92M	-1,727.96M	-1,194.67M	-406.42M	-337.34M	-528.25M	-1,605.13M	-322.09M	-2,156.33M	-2,714.91M	-1,321.25M	-1,245.30M
Net Debt Issuance	174.45M	261.11M	553.07M	403.53M	-3.86M	-434.89M	-684.00M	-27.61M	-290.00M	548.21M	-1,166.76M	-1,558.11M	-2,546.19M	-1,198.60M	-4,611.48M	1,392.21M	5,413.15M	4,974.21M	2,585.71M	-1,937.87M	-1,139.43M
Long-Term Debt Issuance	174.45M	261.11M	553.07M	409.83M	-3.86M	-411.84M	-684.00M	-3,686.00M	-290.00M	548.21M	-1,166.76M	-1,558.11M	-746.19M	-1,198.60M	-3,700.52M	1,392.21M	5,413.15M	4,974.21M	2,585.71M	-1,937.87M	-1,139.43M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	-6.30M	0.00M	-23.05M	0.00M	3,658.39M	0.00M	0.00M	0.00M	0.00M	-1,800.00M	0.00M	-910.96M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-512.38M	0.00M	-495.96M	0.00M	-75.11M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.00M	-29.86M	-443.10M	9,466.08M	0.00M
Common Stock Issuance	0.00M	0.00M	16.42M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.00M	0.00M	0.00M	9,466.08M	0.00M
Common Stock Repurchased	-512.38M	0.00M	-512.38M	0.00M	-75.11M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-60.48M	-443.10M	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
Net Dividends Paid	-5,297.42M	-3,969.08M	-4,485.20M	-812.22M	-1,555.91M	-2,413.17M	-991.53M	-1,554.69M	-1,614.55M	-193.03M	-70.23M	-130.78M	-87.69M	-33.03M	-225.09M	-415.98M	-140.97M	-68.76M	-145.11M	-3.91M	-1.75M
Common Dividends Paid	-5,297.42M	-3,969.08M	-4,485.20M	-812.22M	-1,555.91M	-2,413.17M	-991.53M	-1,554.69M	-1,614.55M	-193.03M	-70.23M	-130.78M	-87.69M	-33.03M	-225.09M	-415.98M	-140.97M	-68.76M	-145.11M	-3.91M	-1.75M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	174.61M	-764.70M	-351.77M	-62.27M	-212.47M	4,806.27M	-1,632.80M	-4,371.03M	-182.56M	-69.20M	-78.75M	336.68M	-202.89M	-29.47M	-31.03M	119.39M	1,567.47M	-30.34M	-1,682.42M	419.66M	1,057.44M
Net Cash from Financing Activities	-5,460.75M	-4,618.27M	-4,779.86M	-470.96M	-1,847.34M	1,958.21M	-3,308.33M	-5,953.33M	-2,087.11M	285.99M	-1,315.74M	-1,352.21M	-2,836.77M	-1,261.10M	-4,867.60M	1,095.62M	6,840.65M	5,103.92M	315.09M	7,943.96M	-83.73M
Effect of FX on Cash	68.65M	179.23M	59.54M	96.66M	128.44M	-67.34M	-155.10M	28.54M	53.20M	-95.64M	30.92M	13.25M	-1.64M	-18.38M	0.76M	-48.77M	-115.71M	-7.68M	-12.28M	-102.44M	-3.50M
Net Change in Cash	-167.05M	-17,334.54M	-3,295.67M	-65.14M	-9,430.14M	-1,356.66M	10,125.43M	3,097.12M	2,986.37M	2,668.78M	2,225.29M	-1,494.05M	2,435.80M	-970.63M	-4,601.92M	-1,984.59M	23.28M	4,651.46M	-3,355.62M	7,755.19M	794.31M
Cash at Beginning of Period	27,208.45M	88,896.75M	15,251.51M	15,316.65M	24,692.40M	26,049.06M	15,923.64M	12,826.52M	9,840.15M	7,171.37M	4,946.08M	6,440.13M	4,004.33M	4,974.96M	9,576.88M	11,561.47M	11,538.19M	6,721.47M	10,077.09M	2,321.90M	1,527.59M
Cash at End of Period	27,041.40M	71,562.21M	11,955.83M	15,251.51M	15,262.26M	24,692.40M	26,049.06M	15,923.64M	12,826.52M	9,840.15M	7,171.37M	4,946.08M	6,440.13M	4,004.33M	4,974.96M	9,576.88M	11,561.47M	11,372.93M	6,721.47M	10,077.09M	2,321.90M
Operating Cash Flow	18,419.90M	10,475.02M	10,086.70M	11,368.36M	10,895.02M	-3,210.85M	19,491.69M	8,978.62M	3,992.98M	5,155.36M	5,238.06M	1,039.57M	5,680.63M	646.18M	793.18M	-1,426.31M	-6,379.58M	1,711.55M	-943.51M	1,234.92M	2,126.85M
Capital Expenditure	-3,512.43M	-3,565.62M	-2,243.82M	-2,559.55M	-1,439.90M	-2,516.77M	-1,037.43M	-888.04M	-1,370.39M	-871.09M	-362.34M	-662.00M	-368.63M	-442.33M	-670.05M	-1,781.26M	-1,560.46M	-1,375.79M	-2,897.43M	-1,249.64M	-1,345.46M
Free Cash Flow	14,907.47M	6,909.40M	7,842.88M	8,808.80M	9,455.12M	-5,727.62M	18,454.27M	8,090.58M	2,622.59M	4,284.27M	4,875.73M	377.57M	5,312.00M	203.85M	123.13M	-3,207.57M	-7,940.04M	335.77M	-3,840.94M	-14.72M	781.39M

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
EBITDA	10,278.04M	1,896.70M	5,123.39M	4,613.74M	975.51M	2,603.81M	7,809.66M	4,937.06M	5,288.89M	3,801.90M	1,003.13M	396.68M	1,104.48M	939.96M	1,200.92M	10,684.40M	3,171.58M	1,760.52M	1,642.03M	3,096.33M	1,599.21M
(-) Tax Adjustment	1,449.73M	400.84M	719.12M	707.77M	322.64M	512.23M	1,739.32M	1,039.58M	927.86M	674.55M	281.65M	95.60M	287.40M	242.39M	420.32M	2,169.32M	501.36M	368.30M	234.98M	820.99M	548.19M
(-) Change In Working Capital	-14,140.18M	19,963.89M	1,509.84M	3,940.39M	8,492.16M	1,490.74M	-20,775.16M	444.81M	-504.44M	-8,901.60M	-3,665.65M	-488.61M	3,858.04M	-3,265.69M	-251.72M	-2,945.35M	-8,950.44M	280.67M	-1,825.34M	0.00M	0.00M
(-) Capital Expenditure	-3,512.43M	-3,565.62M	-2,243.82M	-2,559.55M	-1,439.90M	-2,516.77M	-1,037.43M	-888.04M	-1,370.39M	-871.09M	-362.34M	-662.00M	-368.63M	-442.33M	-670.05M	-1,781.26M	-1,560.46M	-1,375.79M	-2,897.43M	-1,249.64M	-1,345.46M
Unlevered Free Cash Flow	19,456.06M	-22,033.64M	650.60M	-2,593.96M	-9,279.19M	-1,915.93M	25,808.07M	2,564.62M	3,495.08M	11,157.85M	4,024.80M	127.69M	-3,409.58M	3,520.93M	362.27M	9,679.17M	10,060.20M	-264.23M	334.95M	1,025.70M	-294.44M
(-) Net Interest Income After Taxes	431.37M	207.59M	165.68M	240.82M	87.57M	87.20M	21.14M	-74.42M	-99.75M	-129.33M	-201.24M	-68.27M	-79.29M	-293.33M	-336.16M	-460.12M	-201.42M	-26.87M	43.21M	-35.38M	-88.86M
Net Debt Issuance	174.45M	261.11M	553.07M	403.53M	-3.86M	-434.89M	-684.00M	-27.61M	-290.00M	548.21M	-1,166.76M	-1,558.11M	-2,546.19M	-1,198.60M	-4,611.48M	1,392.21M	5,413.15M	4,974.21M	2,585.71M	-1,937.87M	-1,139.43M
Levered Free Cash Flow	19,199.14M	-21,980.12M	1,037.99M	-2,431.26M	-9,370.62M	-2,438.02M	25,102.94M	2,611.43M	3,304.83M	11,835.40M	3,059.27M	-1,362.15M	-5,876.47M	2,615.66M	-3,913.06M	11,531.49M	15,674.78M	4,736.84M	2,877.45M	-876.79M	-1,345.01M