China BlueChemical Ltd. (3983.HK)

Industry: Agricultural Inputs Sector: Basic Materials Currency Used: CN Live Price: $2.58

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	2.10	1.71	1.78	1.83	1.04	1.82	2.30	1.85	1.54	2.02	2.78	3.65	3.89	5.06	4.28	3.89	3.77	4.44	2.90	2.38
Market Capitalization	9,649.21M	7,867.04M	8,210.96M	8,422.14M	4,800.62M	8,378.45M	10,591.87M	8,516.78M	7,119.25M	9,285.02M	12,808.99M	16,815.33M	17,935.21M	23,308.69M	19,705.88M	17,899.87M	17,385.51M	20,585.34M	9,886.19M	7,458.75M
(-) Cash & Equivalents	699.46M	830.82M	696.76M	720.64M	1,884.20M	1,397.32M	5,690.86M	6,393.38M	6,146.18M	5,394.08M	4,275.51M	2,412.05M	2,511.69M	2,648.11M	2,057.23M	1,040.73M	2,088.64M	1,390.38M	1,097.81M	649.92M
(+) Total Debt	2,190.41M	2,018.17M	1,859.16M	996.43M	2,019.44M	2,320.28M	2,423.44M	2,621.21M	3,169.77M	2,606.44M	1,756.89M	18.00M	221.58M	471.35M	250.70M	0.50M	144.89M	143.60M	443.51M	472.14M
Enterprise Value	11,140.16M	9,054.39M	9,373.36M	8,697.93M	4,935.87M	9,301.41M	7,324.45M	4,744.61M	4,142.84M	6,497.38M	10,290.37M	14,421.27M	15,645.09M	21,131.93M	17,899.35M	16,859.64M	15,441.77M	19,338.56M	9,231.89M	7,280.97M

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
Revenue	24,611M	27,743M	11,946M	12,990M	14,279M	13,398M	10,417M	10,858M	11,260M	9,800M	8,504M	10,672M	10,797M	10,724M	10,739M	9,756M	6,867M	5,795M	5,518M	4,340M	3,466M	2,371M
Cost of Revenue	21,061M	22,491M	10,242M	10,929M	11,742M	10,462M	9,084M	8,937M	8,501M	8,115M	8,204M	8,926M	8,150M	7,500M	7,433M	6,489M	4,679M	4,075M	3,250M	2,552M	2,164M	1,293M
Gross Profit	3,550M	5,251M	1,705M	2,061M	2,537M	2,936M	1,334M	1,921M	2,758M	1,685M	299M	1,746M	2,647M	3,223M	3,306M	3,268M	2,189M	1,719M	2,268M	1,788M	1,302M	1,078M
Gross Profit Margin	14.4%	18.9%	14.3%	15.9%	17.8%	21.9%	12.8%	17.7%	24.5%	17.2%	3.5%	16.4%	24.5%	30.1%	30.8%	33.5%	31.9%	29.7%	41.1%	41.2%	37.6%	45.5%
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
SG&A Expenses	1,436M	1,366M	720M	718M	665M	661M	616M	930M	874M	839M	795M	818M	943M	823M	651M	588M	530M	482M	363M	294M	233M	146M
Operating Expenses	1,439M	2,078M	648M	645M	673M	661M	616M	670M	525M	1,084M	475M	533M	2,533M	885M	613M	460M	498M	413M	264M	345M	268M	249M
Operating Income (EBIT)	2,111M	3,173M	1,057M	1,416M	1,864M	2,276M	718M	1,251M	2,234M	601M	-175M	1,213M	114M	2,338M	2,693M	2,808M	1,691M	1,306M	2,004M	1,443M	1,034M	829M
Operating Income Margin	8.6%	11.4%	8.8%	10.9%	13.1%	17.0%	6.9%	11.5%	19.8%	6.1%	-2.1%	11.4%	1.1%	21.8%	25.1%	28.8%	24.6%	22.5%	36.3%	33.2%	29.8%	35.0%
Interest Income	463M	606M	351M	358M	315M	373M	273M	231M	93M	111M	154M	82M	1M	9M	16M	16M	11M	32M	26M	29M	0M	0M
Interest Expense	0M	0M	53M	34M	29M	51M	76M	103M	48M	66M	94M	79M	4M	1M	13M	18M	12M	15M	12M	18M	0M	0M
Net Interest Income	463M	606M	298M	324M	285M	322M	197M	128M	45M	45M	60M	3M	-3M	8M	3M	-2M	-1M	18M	13M	11M	0M	0M
Unusual Items	556M	1,250M	112M	924M	122M	44M	139M	0M	-138M	-155M	-215M	-85M	2M	1M	-89M	-30M	-5M	-12M	20M	93M	762M	202M
EBT Excluding Unusual Items	2,574M	3,779M	1,355M	1,740M	2,149M	2,598M	915M	1,379M	2,279M	645M	-115M	1,216M	111M	2,346M	2,696M	2,806M	1,690M	1,324M	2,017M	1,454M	1,034M	829M
Pre-Tax Income	3,130M	5,029M	1,467M	2,664M	2,271M	2,642M	1,054M	1,379M	2,140M	490M	-330M	1,131M	113M	2,347M	2,608M	2,776M	1,686M	1,312M	2,037M	1,546M	1,795M	1,031M
Pre-Tax Margin	12.7%	18.1%	12.3%	20.5%	15.9%	19.7%	10.1%	12.7%	19.0%	5.0%	-3.9%	10.6%	1.0%	21.9%	24.3%	28.5%	24.5%	22.6%	36.9%	35.6%	51.8%	43.5%
Income Tax Expense	606M	1,191M	316M	290M	472M	1,000M	274M	624M	612M	383M	-93M	288M	16M	554M	624M	556M	316M	198M	176M	67M	120M	48M
Net Income	2,378M	3,610M	1,071M	2,382M	1,643M	1,498M	745M	703M	1,379M	50M	-216M	830M	105M	1,647M	1,810M	1,986M	1,175M	985M	1,635M	1,479M	1,675M	983M
Net Income Margin	9.7%	13.0%	9.0%	18.3%	11.5%	11.2%	7.2%	6.5%	12.2%	0.5%	-2.5%	7.8%	1.0%	15.4%	16.9%	20.4%	17.1%	17.0%	29.6%	34.1%	48.3%	41.5%
Depreciation & Amortization	1,216M	1,042M	582M	628M	527M	533M	627M	703M	744M	984M	1,001M	870M	836M	806M	786M	850M	732M	715M	605M	578M	507M	265M
EBITDA	3,327M	4,215M	1,639M	2,043M	2,390M	2,808M	1,345M	1,954M	2,977M	1,584M	825M	2,083M	951M	3,144M	3,479M	3,658M	2,423M	2,022M	2,609M	2,021M	1,541M	1,093M
EBITDA Margin	13.5%	15.2%	13.7%	15.7%	16.7%	21.0%	12.9%	18.0%	26.4%	16.2%	9.7%	19.5%	8.8%	29.3%	32.4%	37.5%	35.3%	34.9%	47.3%	46.6%	44.5%	46.1%
NOPAT	1,702M	2,421M	829M	1,262M	1,476M	1,414M	531M	685M	1,595M	132M	-139M	904M	98M	1,786M	2,049M	2,245M	1,374M	1,110M	1,831M	1,380M	964M	790M
NOPAT Margin	6.9%	8.7%	6.9%	9.7%	10.3%	10.6%	5.1%	6.3%	14.2%	1.3%	-1.6%	8.5%	0.9%	16.7%	19.1%	23.0%	20.0%	19.1%	33.2%	31.8%	27.8%	33.3%
Owner's Earnings	2,680M	2,290M	1,049M	2,266M	833M	971M	1,000M	1,047M	1,959M	816M	295M	1,149M	-117M	807M	1,028M	788M	445M	416M	1,411M	1,709M	1,762M	775M
Owner's Earnings Margin	10.9%	8.3%	8.8%	17.4%	5.8%	7.2%	9.6%	9.6%	17.4%	8.3%	3.5%	10.8%	-1.1%	7.5%	9.6%	8.1%	6.5%	7.2%	25.6%	39.4%	50.8%	32.7%
EPS (Basic)	0.51	0.77	0.23	0.52	0.36	0.32	0.16	0.15	0.30	0.01	-0.05	0.18	0.02	0.36	0.39	0.43	0.25	0.21	0.35	0.31	0.48	0.31
EPS (Diluted)	0.52	0.78	0.23	0.52	0.36	0.32	0.16	0.15	0.30	0.01	-0.05	0.18	0.02	0.36	0.39	0.43	0.25	0.21	0.35	0.32	0.49	0.33
Shares (Basic)	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	3,429M	3,000M
Shares (Diluted)	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	4,610M	3,429M	3,000M

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	2008-12-31	2007-12-31	2006-12-31	2005-12-31
Cash & Cash Equivalents	533.06M	679.93M	679.93M	597.27M	528.78M	674.45M	2,765.44M	824.10M	3,400.04M	6,590.29M	5,698.41M	5,313.91M	5,525.93M	2,933.97M	2,578.88M	2,837.83M	2,387.09M	2,081.46M	4,177.28M	2,780.76M	2,195.62M	1,949.75M
Short-Term Investments	13,152.72M	12,830.49M	12,830.49M	12,593.73M	12,017.57M	10,556.12M	7,400.00M	8,079.50M	5,393.75M	426.12M	77.78M	124.39M	141.09M	169.56M	25.11M	0.00M	58.50M	0.00M	0.00M	304.11M	0.00M	0.00M
Cash & Short-Term Investments	13,685.78M	13,510.41M	13,510.41M	13,191.00M	12,546.35M	11,230.57M	10,165.44M	8,903.59M	8,793.79M	7,016.42M	5,776.19M	5,438.29M	5,667.02M	3,103.53M	2,603.99M	2,837.83M	2,445.59M	2,081.46M	4,177.28M	3,084.88M	2,195.62M	1,949.75M
Net Receivables	254.82M	517.27M	517.27M	283.85M	433.01M	219.52M	649.03M	424.20M	171.42M	298.57M	595.46M	783.91M	207.76M	165.99M	408.05M	403.00M	141.41M	212.69M	-380.14M	66.39M	0.00M	0.00M
Inventory	1,220.25M	1,124.72M	1,124.72M	974.45M	1,189.99M	1,231.55M	1,001.51M	1,110.77M	1,286.32M	1,210.43M	1,279.00M	1,406.24M	1,227.53M	1,365.81M	1,672.21M	1,473.42M	983.64M	798.00M	526.76M	401.30M	332.68M	162.06M
Other Current Assets	1,095.99M	167.74M	167.74M	1,127.35M	1,315.40M	779.97M	869.48M	446.45M	489.86M	887.62M	425.00M	518.30M	343.49M	285.69M	282.09M	230.18M	0.00M	13.07M	120.12M	5.77M	97.06M	168.52M
Total Current Assets	16,256.84M	15,320.14M	15,320.14M	15,576.64M	15,484.76M	13,461.61M	12,685.46M	10,885.00M	10,741.39M	9,413.04M	8,075.65M	8,146.75M	7,445.80M	4,921.01M	4,966.33M	4,944.43M	3,570.64M	3,105.22M	4,444.01M	3,558.33M	2,625.36M	2,280.33M
Property, Plant & Equipment	7,071.87M	7,304.04M	7,304.04M	7,734.97M	7,166.91M	6,872.79M	6,664.63M	6,886.08M	7,236.57M	7,798.77M	9,482.98M	10,255.02M	10,382.91M	11,287.09M	10,512.31M	9,830.50M	8,944.15M	7,826.15M	6,202.55M	5,508.83M	5,854.90M	3,479.13M
Goodwill	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
Intangible Assets	119.42M	129.69M	129.69M	152.57M	32.86M	39.84M	27.43M	28.57M	33.28M	30.33M	28.15M	32.46M	16.24M	125.08M	639.12M	403.00M	494.99M	15.64M	15.29M	12.49M	16.43M	0.40M
Long-Term Investments	527.01M	461.91M	461.91M	-12,173.06M	330.27M	324.55M	259.17M	445.11M	447.64M	448.55M	493.85M	469.02M	551.46M	1,042.33M	629.92M	0.00M	655.29M	665.28M	0.00M	-291.58M	18.11M	13.60M
Tax Assets	0.00M	0.00M	0.00M	155.12M	53.36M	37.52M	470.82M	504.14M	806.69M	840.11M	847.85M	677.58M	688.42M	198.41M	139.32M	110.20M	78.45M	63.70M	42.10M	47.30M	27.82M	4.67M
Other Non-Current Assets	595.65M	823.93M	823.93M	12,871.11M	-53.36M	-37.52M	-470.82M	-504.14M	-806.69M	-840.11M	-847.85M	-677.58M	-688.42M	-198.41M	25.11M	1,127.64M	477.94M	471.51M	408.83M	708.93M	413.86M	119.74M
Other Assets	0.00M	0.00M	0.00M	0.00M	482.87M	732.79M	1,111.09M	1,174.81M	1,490.33M	1,558.31M	1,586.07M	1,308.66M	1,335.14M	994.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	8,313.95M	8,719.57M	8,719.57M	8,740.71M	8,012.90M	7,969.97M	8,062.31M	8,534.57M	9,207.82M	9,835.96M	11,591.04M	12,065.17M	12,285.75M	13,448.80M	11,945.77M	11,471.34M	10,650.83M	9,042.27M	6,668.78M	5,985.98M	6,331.12M	3,617.54M
Total Assets	24,570.79M	24,039.70M	24,039.70M	24,317.35M	23,497.66M	21,431.58M	20,747.77M	19,419.57M	19,949.21M	19,248.99M	19,666.69M	20,211.91M	19,731.54M	18,369.81M	16,912.11M	16,415.77M	14,221.47M	12,147.50M	11,112.79M	9,544.31M	8,956.48M	5,897.87M
Accounts Payable	1,022.99M	1,068.00M	1,068.00M	1,138.39M	1,346.48M	1,335.29M	740.41M	688.47M	708.39M	889.52M	1,060.84M	1,031.79M	458.00M	538.46M	428.38M	327.24M	222.68M	148.39M	131.60M	26.99M	94.69M	48.05M
Short-Term Debt	907.86M	434.41M	434.41M	651.69M	869.15M	447.75M	1,940.97M	1,587.00M	100.00M	25.00M	68.90M	67.28M	139.26M	0.00M	0.00M	0.00M	0.00M	0.00M	147.78M	101.02M	502.22M	386.01M
Tax Payables	0.00M	0.00M	0.00M	192.47M	125.56M	213.64M	121.11M	67.92M	230.05M	185.95M	82.28M	127.29M	53.65M	287.44M	66.97M	128.39M	118.79M	24.00M	19.67M	45.10M	51.28M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-886.14M	-456.45M	0.00M	-1,591.53M	-1,436.13M	-85.00M	-128.90M	-1,390.01M	-705.25M	-1.80M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	1,247.10M	588.03M	588.03M	883.61M	1,764.44M	1,047.79M	822.63M	1,823.03M	1,162.42M	1,067.98M	1,071.91M	1,204.18M	1,113.90M	1,527.55M	590.57M	0.00M	0.00M	0.00M	0.00M	6.14M	0.00M	0.00M
Total Current Liabilities	3,177.95M	2,090.44M	2,090.44M	2,866.16M	3,219.50M	2,588.02M	3,625.12M	2,574.89M	764.73M	2,083.46M	2,155.03M	1,040.52M	1,059.56M	2,351.66M	1,085.92M	455.63M	341.47M	172.38M	299.05M	179.23M	648.18M	434.06M
Long-Term Debt	1,372.76M	1,626.69M	1,626.69M	1,349.28M	1,185.76M	571.99M	10.00M	422.00M	685.00M	785.00M	810.00M	900.00M	1,951.00M	31.00M	0.00M	425.00M	335.70M	1.00M	212.01M	180.04M	384.79M	1,030.40M
Capital Lease Obligations	54.54M	58.02M	58.02M	20.49M	23.44M	25.82M	26.76M	26.72M	1,336.13M	1,396.12M	1,456.17M	1,322.73M	565.99M	1.80M	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	16.43M	14.22M	27.33M	14.46M	19.38M	43.15M	47.08M	51.01M	54.94M	58.87M	62.18M	72.87M	71.80M	73.59M	76.96M	76.56M	49.08M	61.02M	0.00M
Other Non-Current Liabilities	393.81M	399.71M	399.71M	259.98M	300.11M	-170.26M	47.35M	-22.19M	0.00M	-1,336.12M	-1,396.17M	-192.61M	0.00M	0.00M	202.19M	129.80M	113.20M	110.32M	55.03M	123.27M	118.02M	22.43M
Total Non-Current Liabilities	1,821.12M	2,084.43M	2,084.43M	1,646.17M	1,523.54M	454.88M	98.57M	445.91M	2,064.28M	892.08M	921.01M	2,085.06M	2,575.86M	94.97M	275.06M	626.60M	522.49M	188.27M	343.60M	352.38M	563.83M	1,052.83M
Total Liabilities	4,999.06M	4,174.86M	4,174.86M	4,512.33M	4,743.03M	3,042.90M	3,723.70M	3,020.80M	2,829.01M	2,975.54M	3,076.03M	3,125.58M	3,635.42M	2,446.63M	1,360.97M	1,082.23M	863.96M	360.65M	642.65M	531.62M	1,212.01M	1,486.90M
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
Common Stock	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	4,610.00M	0.00M	0.00M	0.00M
Retained Earnings	0.00M	556.89M	556.89M	12,583.52M	11,025.74M	10,109.68M	8,980.88M	8,585.76M	8,574.04M	7,517.85M	7,697.78M	8,282.08M	8,005.63M	8,545.73M	6,142.95M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	13,884.34M	13,241.39M	13,241.39M	1,107.55M	1,111.40M	1,107.42M	1,108.88M	1,114.69M	1,026.64M	1,027.62M	1,008.86M	963.00M	983.92M	1,000.27M	-8,170.73M	-7,286.95M	5,541.24M	4,753.41M	-4,805.70M	0.00M	0.00M	0.00M
Minority Interest	1,077.39M	1,098.68M	1,098.68M	1,106.09M	1,029.45M	1,087.57M	928.38M	806.64M	916.96M	1,092.46M	997.22M	1,026.49M	1,149.74M	1,345.23M	1,417.31M	1,430.65M	1,355.87M	1,258.10M	901.60M	396.43M	340.05M	291.46M
Total Shareholders’ Equity	18,494.34M	18,408.28M	18,408.28M	18,301.07M	16,747.14M	15,827.10M	14,699.76M	14,310.45M	14,210.68M	13,155.47M	13,316.64M	13,855.08M	13,599.55M	14,156.00M	2,582.22M	-2,676.95M	10,151.24M	9,363.41M	-195.70M	0.00M	0.00M	0.00M
Total Equity	19,571.73M	19,506.96M	19,506.96M	19,407.16M	17,776.59M	16,914.67M	15,628.14M	15,117.09M	15,127.64M	14,247.93M	14,313.86M	14,881.57M	14,749.29M	15,501.23M	3,999.53M	-1,246.29M	11,507.10M	10,621.51M	705.90M	396.43M	340.05M	291.46M
Total Liabilities & Equity	24,570.79M	23,681.82M	23,681.82M	23,919.49M	22,519.62M	19,957.58M	19,351.83M	18,137.89M	17,956.65M	17,223.46M	17,389.89M	18,007.16M	18,384.71M	17,947.86M	5,360.50M	-164.06M	12,371.06M	10,982.16M	1,348.55M	928.05M	1,552.05M	1,778.36M
Tangible Assets	24,451.37M	23,910.01M	23,910.01M	24,164.78M	23,464.80M	21,391.74M	20,720.34M	19,391.00M	19,915.93M	19,218.66M	19,638.55M	20,179.45M	19,715.31M	18,244.73M	16,272.99M	16,012.77M	13,726.47M	12,131.85M	11,097.49M	9,531.82M	8,940.05M	5,897.48M
Tangible Equity	19,452.30M	19,377.27M	19,377.27M	19,254.59M	17,743.73M	16,874.83M	15,600.71M	15,088.52M	15,094.36M	14,217.60M	14,285.71M	14,849.11M	14,733.05M	15,376.15M	3,360.41M	-1,649.29M	11,012.11M	10,605.87M	690.60M	383.94M	323.62M	291.06M
Tangible Book Value	19,452.30M	19,377.27M	19,377.27M	19,254.59M	17,743.73M	16,874.83M	15,600.71M	15,088.52M	15,094.36M	14,217.60M	14,285.71M	14,849.11M	14,733.05M	15,376.15M	3,360.41M	-1,649.29M	11,012.11M	10,605.87M	690.60M	383.94M	323.62M	291.06M
Total Investments	12,527.01M	11,461.91M	11,461.91M	420.67M	9,209.82M	8,358.31M	7,659.17M	5,626.15M	5,841.39M	874.67M	571.62M	593.41M	692.55M	1,211.88M	655.03M	654.95M	713.79M	665.28M	12.84M	12.54M	18.11M	13.60M
Net Debt	1,747.57M	1,381.18M	1,381.18M	1,403.70M	1,526.13M	345.29M	-814.47M	1,184.90M	-2,615.04M	-5,780.29M	-4,819.51M	-4,346.63M	-3,435.67M	-2,902.97M	-2,578.88M	-2,412.83M	-2,051.39M	-2,080.46M	-3,817.50M	-2,499.71M	-1,308.61M	-533.34M

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
Working Capital	13,052.4M	12,843.5M	12,843.5M	12,432.6M	11,382.2M	10,019.6M	7,782.7M	7,248.6M	7,009.2M	6,935.3M	5,321.0M	4,065.2M	4,759.9M	2,420.4M	2,956.0M	3,049.7M	1,851.3M	2,151.7M	4,068.1M	2,848.9M	1,281.6M	1,512.9M
Total Capital	20,829.5M	20,527.4M	20,527.4M	20,322.5M	18,825.5M	16,872.7M	16,677.5M	16,346.2M	16,331.8M	15,361.6M	15,651.7M	16,145.1M	16,255.8M	14,187.0M	13,209.4M	12,562.0M	10,901.8M	9,687.1M	9,715.0M	8,373.3M	7,595.9M	5,202.5M
Capital Employed	21,366.4M	21,563.0M	21,563.0M	21,173.3M	19,395.1M	17,989.5M	15,845.1M	15,783.1M	16,217.0M	16,771.2M	16,912.0M	16,130.4M	17,045.7M	15,869.2M	14,901.7M	14,247.7M	12,502.1M	11,194.0M	10,736.8M	8,834.9M	7,612.7M	5,130.4M
Invested Capital	20,296.4M	19,847.5M	19,847.5M	19,725.3M	18,296.7M	16,198.2M	13,912.1M	15,522.1M	12,931.8M	8,771.3M	9,953.3M	10,831.2M	10,729.9M	11,253.0M	10,630.5M	9,724.2M	8,514.7M	7,605.6M	5,537.7M	5,592.5M	5,400.3M	3,252.8M

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
Net Income	2,378.12M	3,609.81M	1,467.22M	2,381.68M	1,642.58M	1,497.60M	745.49M	703.22M	1,378.89M	50.23M	-215.50M	829.66M	105.29M	1,647.08M	2,607.74M	2,776.14M	1,685.67M	1,312.42M	2,037.00M	1,479.36M	1,675.22M	983.16M
Depreciation & Amortization	722.55M	1,101.60M	666.05M	627.51M	560.24M	552.64M	647.16M	698.82M	723.87M	963.84M	979.84M	870.26M	836.21M	805.85M	785.99M	849.92M	731.98M	715.44M	604.70M	577.51M	507.10M	264.50M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	712.63M	173.14M	161.55M	-66.30M	24.05M	149.10M	-77.06M	-64.79M	86.12M	267.91M	217.85M	-769.49M	-37.22M	91.51M	-245.07M	-180.04M	-204.61M	-19.83M	103.19M	-195.81M	185.49M	-174.86M
Accounts Receivable	938.71M	205.73M	693.24M	245.47M	-248.46M	454.19M	-176.69M	-240.36M	124.99M	239.11M	110.43M	-559.67M	-168.28M	-145.46M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-178.37M	-283.72M	-149.55M	-28.82M	-3.84M	-279.88M	110.81M	175.57M	-38.87M	28.80M	107.42M	-209.82M	131.06M	236.97M	-232.55M	-535.78M	-109.13M	35.87M	-94.67M	-69.54M	-79.64M	-21.26M
Accounts Payable	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 Working Capital	-47.71M	251.14M	-382.14M	-282.95M	276.35M	-25.22M	-11.18M	0.00M	-13.82M	-1.73M	26.31M	15.38M	1.93M	-26.52M	-12.52M	355.74M	-95.48M	-55.70M	197.86M	-126.27M	265.12M	-153.61M
Other Non-Cash Items	-1,125.64M	-539.25M	-772.27M	-1,399.27M	-84.39M	739.37M	-52.38M	-194.65M	-184.51M	416.88M	132.65M	423.50M	837.68M	552.35M	-554.09M	-615.53M	-258.05M	-218.06M	-345.22M	-98.46M	-603.03M	-155.65M
Net Cash from Operating Activities	2,687.66M	4,345.29M	1,522.55M	1,543.63M	2,142.48M	2,938.71M	1,263.21M	1,142.59M	2,004.38M	1,698.87M	1,114.83M	1,353.93M	1,741.96M	3,096.79M	2,594.57M	2,830.48M	1,954.98M	1,789.98M	2,399.67M	1,762.61M	1,764.78M	917.15M
Capital Expenditures (PPE)	-513.47M	-2,361.57M	-601.36M	-618.18M	-1,335.78M	-1,059.50M	-372.85M	-359.53M	-163.11M	-217.71M	-489.96M	-550.43M	-1,058.71M	-1,645.47M	-1,568.59M	-2,047.23M	-1,461.89M	-1,284.09M	-828.95M	-347.42M	-420.28M	-472.56M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	1,368.41M	3,137.49M	-555.41M	2,543.56M	259.09M	10.50M	-31.41M	-3.46M	-206.17M	-285.14M	-14.26M	-108.56M	-82.79M	-1,797.82M	126.06M	8.15M	-892.25M	0.00M
Purchases of Investments	0.00M	0.00M	-8,000.00M	-6,550.00M	-13,300.00M	-8,850.00M	-5,700.00M	-5,483.00M	-20,851.70M	-14,946.84M	-18,211.68M	-12,972.20M	-12,418.99M	-7,510.12M	-7,424.96M	-11,742.86M	-7,268.20M	-10,244.88M	-15,391.05M	-304.95M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	7,832.64M	6,062.13M	11,931.59M	5,712.51M	6,255.41M	2,939.44M	16,198.95M	14,868.04M	18,414.20M	13,215.19M	12,625.16M	7,540.73M	7,512.90M	11,836.31M	7,300.30M	10,270.79M	15,824.98M	56.17M	0.00M	0.00M
Other Investing Activities	-1,568.50M	-948.19M	389.71M	414.91M	-1,017.92M	-2,603.24M	1,483.99M	-2,330.14M	17.39M	36.36M	44.36M	11.91M	-17.28M	-26.90M	13.84M	150.99M	134.46M	-138.60M	25.98M	180.31M	37.97M	111.19M
Net Cash from Investing Activities	-2,081.97M	-3,309.76M	-379.01M	-691.13M	-2,353.70M	-3,662.74M	1,111.14M	-2,689.67M	-4,539.38M	-249.65M	-274.49M	-298.99M	-869.82M	-1,926.91M	-1,481.07M	-1,911.34M	-1,378.12M	-3,194.59M	-242.98M	-407.75M	-1,274.56M	-361.37M
Net Debt Issuance	186.15M	529.17M	60.30M	24.30M	1,035.17M	-933.40M	-65.83M	-134.76M	-84.99M	-128.90M	40.56M	-1,122.98M	2,059.26M	31.00M	-425.00M	89.30M	295.50M	-358.10M	-43.84M	-565.88M	-1,314.13M	-92.20M
Long-Term Debt Issuance	186.15M	529.17M	60.30M	46.09M	1,035.17M	-931.23M	-60.00M	1,224.00M	-25.00M	-128.90M	-92.88M	-1,122.98M	2,059.26M	31.00M	-425.00M	89.30M	295.50M	-358.10M	-43.84M	-580.95M	-1,314.13M	-92.20M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	-21.80M	0.00M	-2.17M	-5.83M	-1,358.76M	-59.99M	0.00M	133.44M	0.00M	2,723.64M	31.00M	0.00M	0.00M	0.00M	0.00M	0.00M	15.07M	0.00M	0.00M
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-954.27M	-1,535.13M	-954.27M	-820.58M	-714.55M	-368.80M	-350.36M	-691.50M	-322.70M	-230.50M	-368.80M	-553.20M	-645.40M	-691.50M	-737.60M	-414.90M	-322.70M	-437.95M	-683.79M	-81.15M	-1,841.74M	-1.27M
Common Dividends Paid	-954.27M	-1,535.13M	-954.27M	-820.58M	-714.55M	-368.80M	-350.36M	-691.50M	-322.70M	-230.50M	-368.80M	-553.20M	-645.40M	-691.50M	-737.60M	-414.90M	-322.70M	-437.95M	-368.80M	-81.15M	-1,841.74M	-1.27M
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	0.00M
Other Financing Activities	-222.10M	290.73M	-167.06M	12.23M	-264.27M	-64.52M	0.33M	-203.93M	-283.62M	-134.39M	-154.65M	405.13M	309.52M	-136.55M	-175.29M	-177.37M	-107.24M	-100.95M	-288.32M	23.47M	2,995.36M	145.66M
Net Cash from Financing Activities	-990.22M	-711.84M	-1,061.02M	-784.06M	56.35M	-1,366.72M	-415.86M	-1,030.19M	-691.30M	-493.79M	-482.89M	-1,271.04M	1,723.38M	-797.05M	-1,337.89M	-502.97M	-134.44M	-897.00M	-760.17M	-623.56M	-160.51M	52.19M
Effect of FX on Cash	0.08M	-26.15M	0.13M	0.05M	0.18M	-0.25M	-17.13M	1.33M	21.41M	-48.90M	27.06M	4.08M	-3.56M	-2.53M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	0.00M	297.54M	82.66M	68.49M	-145.67M	-2,091.00M	1,941.35M	-2,575.94M	-3,204.89M	906.52M	384.51M	-212.02M	2,591.96M	370.30M	-224.39M	416.17M	442.42M	-2,301.62M	1,396.52M	731.30M	329.71M	607.97M
Cash at Beginning of Period	1,783.37M	2,834.82M	597.27M	528.78M	674.45M	2,765.45M	824.10M	3,400.04M	6,604.93M	5,698.41M	5,313.91M	5,525.93M	2,933.97M	2,563.67M	2,803.27M	2,387.09M	1,944.67M	4,246.30M	2,780.76M	2,049.46M	1,719.75M	1,111.79M
Cash at End of Period	1,783.37M	3,132.36M	679.93M	597.27M	528.78M	674.45M	2,765.45M	824.10M	3,400.04M	6,604.93M	5,698.41M	5,313.91M	5,525.93M	2,933.97M	2,578.88M	2,803.27M	2,387.09M	1,944.67M	4,177.28M	2,780.76M	2,049.46M	1,719.75M
Operating Cash Flow	2,687.66M	4,345.29M	1,522.55M	1,543.63M	2,142.48M	2,938.71M	1,263.21M	1,142.59M	2,004.38M	1,698.87M	1,114.83M	1,353.93M	1,741.96M	3,096.79M	2,594.57M	2,830.48M	1,954.98M	1,789.98M	2,399.67M	1,762.61M	1,764.78M	917.15M
Capital Expenditure	-914.37M	-2,361.57M	-604.53M	-743.15M	-1,335.78M	-1,059.50M	-372.85M	-359.53M	-163.11M	-217.71M	-489.96M	-550.43M	-1,058.71M	-1,645.47M	-1,568.59M	-2,047.23M	-1,461.89M	-1,284.09M	-828.95M	-347.42M	-420.28M	-472.56M
Free Cash Flow	1,773.29M	1,983.72M	918.02M	800.48M	806.70M	1,879.21M	890.36M	783.06M	1,841.27M	1,481.16M	624.87M	803.50M	683.25M	1,451.32M	1,025.98M	783.25M	493.09M	505.89M	1,570.72M	1,415.19M	1,344.50M	444.59M

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
EBITDA	3,330.73M	4,927.58M	1,566.33M	1,971.00M	2,397.90M	2,808.14M	1,345.17M	1,694.35M	2,627.92M	1,829.91M	505.49M	1,798.45M	2,539.76M	3,205.81M	3,441.45M	3,529.90M	2,390.30M	1,952.53M	2,509.58M	2,071.75M	1,575.27M	1,196.29M
(-) Tax Adjustment	645.31M	1,167.28M	337.44M	214.48M	498.47M	982.85M	350.41M	593.02M	751.34M	640.47M	142.49M	458.00M	362.47M	756.86M	823.65M	707.47M	448.11M	294.16M	217.00M	89.91M	105.38M	55.15M
(-) Change In Working Capital	712.63M	173.14M	161.55M	-66.30M	24.05M	149.10M	-77.06M	-64.79M	86.12M	267.91M	217.85M	-769.49M	-37.22M	91.51M	-245.07M	-180.04M	-204.61M	-19.83M	103.19M	-195.81M	185.49M	-174.86M
(-) Capital Expenditure	-914.37M	-2,361.57M	-604.53M	-743.15M	-1,335.78M	-1,059.50M	-372.85M	-359.53M	-163.11M	-217.71M	-489.96M	-550.43M	-1,058.71M	-1,645.47M	-1,568.59M	-2,047.23M	-1,461.89M	-1,284.09M	-828.95M	-347.42M	-420.28M	-472.56M
Unlevered Free Cash Flow	1,058.42M	1,225.59M	462.81M	1,079.68M	539.61M	616.70M	698.98M	806.59M	1,627.35M	703.83M	-344.80M	1,559.51M	1,155.80M	711.98M	1,294.28M	955.24M	684.91M	394.11M	1,360.44M	1,830.23M	864.12M	843.45M
(-) Net Interest Income After Taxes	373.64M	462.11M	234.05M	288.53M	226.09M	209.40M	145.42M	83.29M	32.14M	29.03M	43.38M	2.17M	-2.79M	6.19M	2.35M	-1.63M	-0.48M	15.18M	12.27M	10.48M	0.00M	0.00M
Net Debt Issuance	186.15M	529.17M	60.30M	24.30M	1,035.17M	-933.40M	-65.83M	-134.76M	-84.99M	-128.90M	40.56M	-1,122.98M	2,059.26M	31.00M	-425.00M	89.30M	295.50M	-358.10M	-43.84M	-565.88M	-1,314.13M	-92.20M
Levered Free Cash Flow	870.93M	1,292.65M	289.06M	815.45M	1,348.69M	-526.10M	487.73M	588.53M	1,510.22M	545.90M	-347.62M	434.37M	3,217.85M	736.79M	866.94M	1,046.17M	980.89M	20.83M	1,304.33M	1,253.87M	-450.01M	751.25M