Bosideng International Holdings Limited (3998.HK)

Industry: Apparel - Manufacturers Sector: Consumer Cyclical Currency Used: HK Live Price: $4.52

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Stock Price	3.83	3.49	3.24	3.77	1.88	2.34	0.80	0.60	0.56	0.61	0.91	1.68	1.87	1.65	2.22	0.79	1.08	3.33
Market Capitalization	42,903.08M	39,164.64M	35,908.37M	41,348.75M	20,477.33M	25,163.01M	8,499.94M	6,305.91M	4,525.31M	4,899.22M	7,257.04M	13,381.43M	14,674.30M	12,831.02M	17,264.32M	6,183.94M	7,887.21M	20,968.73M
(-) Cash & Equivalents	4,903.11M	3,263.02M	2,134.73M	1,833.37M	2,678.14M	1,572.74M	1,539.50M	2,407.91M	2,710.08M	2,135.23M	2,052.23M	1,642.92M	1,673.76M	1,587.20M	2,728.35M	1,906.46M	2,343.09M	253.90M
(+) Total Debt	3,316.50M	3,289.79M	3,905.91M	3,075.93M	3,060.71M	2,176.93M	2,363.61M	2,520.62M	3,845.79M	3,514.48M	3,335.54M	2,562.47M	2,180.40M	1,020.99M	0.00M	0.00M	30.00M	317.97M
Enterprise Value	41,316.46M	39,191.41M	37,679.55M	42,591.31M	20,859.90M	25,767.20M	9,324.05M	6,418.63M	5,661.02M	6,278.47M	8,540.34M	14,300.98M	15,180.93M	12,264.80M	14,535.97M	4,277.48M	5,574.12M	21,032.80M

Income Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31
Revenue	49,116M	32,988M	25,902M	23,214M	16,774M	16,214M	13,517M	12,191M	10,383M	8,881M	6,817M	5,787M	6,293M	8,238M	9,325M	8,376M	7,038M	5,738M	4,275M	5,279M	5,633M
Cost of Revenue	20,442M	13,275M	11,062M	9,380M	6,798M	6,476M	5,592M	5,482M	4,870M	4,762M	3,653M	3,178M	3,423M	4,122M	4,604M	4,187M	3,738M	2,851M	2,330M	2,871M	3,646M
Gross Profit	28,673M	19,713M	14,840M	13,834M	9,976M	9,737M	7,924M	6,709M	5,514M	4,119M	3,163M	2,609M	2,870M	4,115M	4,721M	4,189M	3,299M	2,887M	1,945M	2,409M	1,987M
Gross Profit Margin	58.4%	59.8%	57.3%	59.6%	59.5%	60.1%	58.6%	55.0%	53.1%	46.4%	46.4%	45.1%	45.6%	50.0%	50.6%	50.0%	46.9%	50.3%	45.5%	45.6%	35.3%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	19,739M	14,703M	10,176M	9,563M	7,329M	7,374M	5,834M	5,129M	4,169M	3,082M	2,560M	2,244M	2,645M	3,273M	3,241M	2,606M	1,914M	1,579M	1,317M	1,309M	1,177M
Operating Expenses	19,241M	14,069M	9,873M	9,436M	7,048M	7,021M	5,683M	5,113M	4,237M	3,256M	2,613M	2,255M	2,687M	3,222M	3,193M	2,567M	1,927M	1,655M	1,265M	1,245M	1,133M
Operating Income (EBIT)	9,432M	5,644M	4,967M	4,398M	2,928M	2,716M	2,241M	1,595M	1,277M	863M	550M	354M	183M	894M	1,528M	1,621M	1,372M	1,231M	680M	1,164M	855M
Operating Income Margin	19.2%	17.1%	19.2%	18.9%	17.5%	16.8%	16.6%	13.1%	12.3%	9.7%	8.1%	6.1%	2.9%	10.8%	16.4%	19.4%	19.5%	21.5%	15.9%	22.0%	15.2%
Interest Income	269M	85M	232M	203M	40M	44M	1M	5M	118M	25M	23M	52M	55M	89M	168M	148M	142M	75M	106M	62M	4M
Interest Expense	145M	0M	145M	193M	186M	169M	146M	119M	65M	95M	98M	87M	100M	66M	61M	48M	13M	3M	9M	55M	25M
Net Interest Income	123M	85M	86M	10M	-146M	-125M	-145M	-115M	53M	-70M	-75M	-35M	-45M	23M	108M	100M	129M	72M	96M	7M	-21M
Unusual Items	135M	-169M	96M	134M	105M	81M	146M	119M	65M	95M	98M	87M	100M	66M	-179M	0M	0M	-26M	0M	-22M	-10M
EBT Excluding Unusual Items	9,556M	5,729M	5,053M	4,407M	2,782M	2,591M	2,096M	1,481M	1,330M	793M	475M	320M	138M	917M	1,635M	1,722M	1,501M	1,303M	776M	1,170M	834M
Pre-Tax Income	9,690M	5,559M	5,149M	4,541M	2,887M	2,672M	2,242M	1,600M	1,394M	888M	573M	407M	238M	982M	1,457M	1,722M	1,501M	1,277M	776M	1,148M	824M
Pre-Tax Margin	19.7%	16.9%	19.9%	19.6%	17.2%	16.5%	16.6%	13.1%	13.4%	10.0%	8.4%	7.0%	3.8%	11.9%	15.6%	20.6%	21.3%	22.3%	18.2%	21.7%	14.6%
Income Tax Expense	3,018M	1,344M	1,596M	1,421M	731M	613M	537M	405M	389M	249M	204M	145M	100M	280M	404M	271M	229M	199M	28M	31M	210M
Net Income	6,588M	4,201M	3,514M	3,074M	2,139M	2,062M	1,710M	1,203M	1,006M	615M	392M	281M	132M	695M	1,079M	1,451M	1,276M	1,079M	748M	1,117M	618M
Net Income Margin	13.4%	12.7%	13.6%	13.2%	12.7%	12.7%	12.6%	9.9%	9.7%	6.9%	5.7%	4.9%	2.1%	8.4%	11.6%	17.3%	18.1%	18.8%	17.5%	21.2%	11.0%
Depreciation & Amortization	1,958M	1,000M	1,226M	1,217M	949M	893M	809M	606M	226M	195M	174M	144M	179M	146M	158M	108M	61M	44M	21M	12M	5M
EBITDA	11,391M	6,644M	6,193M	5,615M	3,877M	3,609M	3,050M	2,202M	1,503M	1,059M	724M	499M	361M	1,040M	1,686M	1,730M	1,433M	1,275M	701M	1,175M	860M
EBITDA Margin	23.2%	20.1%	23.9%	24.2%	23.1%	22.3%	22.6%	18.1%	14.5%	11.9%	10.6%	8.6%	5.7%	12.6%	18.1%	20.6%	20.4%	22.2%	16.4%	22.3%	15.3%
NOPAT	6,495M	4,279M	3,427M	3,021M	2,187M	2,093M	1,704M	1,192M	921M	621M	354M	228M	106M	639M	1,104M	1,366M	1,163M	1,040M	655M	1,132M	637M
NOPAT Margin	13.2%	13.0%	13.2%	13.0%	13.0%	12.9%	12.6%	9.8%	8.9%	7.0%	5.2%	3.9%	1.7%	7.8%	11.8%	16.3%	16.5%	18.1%	15.3%	21.4%	11.3%
Owner's Earnings	6,650M	4,102M	3,408M	3,731M	2,580M	2,378M	2,082M	1,096M	921M	694M	504M	346M	125M	600M	956M	942M	1,194M	944M	733M	1,105M	593M
Owner's Earnings Margin	13.5%	12.4%	13.2%	16.1%	15.4%	14.7%	15.4%	9.0%	8.9%	7.8%	7.4%	6.0%	2.0%	7.3%	10.3%	11.2%	17.0%	16.4%	17.2%	20.9%	10.5%
EPS (Basic)	0.59	0.38	0.32	0.28	0.20	0.19	0.16	0.11	0.10	0.06	0.04	0.04	0.02	0.09	0.14	0.18	0.16	0.14	0.10	0.17	0.12
EPS (Diluted)	0.57	0.37	0.30	0.27	0.19	0.18	0.15	0.11	0.09	0.06	0.04	0.04	0.02	0.09	0.14	0.18	0.16	0.14	0.10	0.16	0.11
Shares (Basic)	11,131M	11,118M	11,129M	10,845M	11,089M	10,777M	10,777M	10,679M	10,534M	10,578M	9,289M	7,938M	7,954M	7,954M	7,958M	7,854M	7,772M	7,772M	7,867M	6,936M	5,672M
Shares (Diluted)	11,476M	11,390M	11,539M	11,426M	11,436M	11,344M	11,288M	10,881M	10,699M	10,620M	9,289M	7,938M	8,016M	7,965M	7,963M	7,958M	7,772M	7,772M	7,867M	6,936M	5,672M

Balance Sheet

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31
Cash & Cash Equivalents	4,184.84M	2,926.12M	4,184.84M	6,227.02M	3,718.21M	2,502.56M	1,771.33M	3,638.68M	1,754.27M	1,794.05M	2,834.99M	3,023.42M	2,470.78M	2,118.00M	1,935.36M	1,906.95M	1,417.63M	3,127.59M	3,812.92M	4,686.19M	507.81M
Short-Term Investments	7,427.19M	4,653.50M	7,427.19M	6,061.68M	5,964.20M	7,197.44M	6,632.01M	4,023.47M	5,030.03M	4,991.14M	3,050.42M	1,920.60M	2,711.17M	2,932.36M	2,336.01M	1,467.55M	2,819.58M	2,358.19M	1,655.91M	612.00M	0.00M
Cash & Short-Term Investments	11,612.03M	7,579.61M	11,612.03M	12,288.69M	9,682.41M	9,700.00M	8,403.34M	7,662.15M	6,784.30M	6,785.19M	5,885.41M	4,944.03M	5,181.95M	5,050.36M	4,271.37M	3,374.50M	4,237.21M	5,485.77M	5,468.83M	5,298.19M	507.81M
Net Receivables	1,793.56M	4,760.03M	1,793.56M	1,670.15M	922.99M	1,236.75M	875.92M	1,196.74M	883.91M	980.37M	606.34M	821.91M	1,267.19M	1,468.26M	1,014.08M	1,226.02M	-1,300.48M	1,143.91M	958.49M	1,545.55M	1,363.02M
Inventory	3,950.63M	5,939.20M	3,950.63M	3,197.50M	3,083.00M	3,060.57M	2,958.00M	2,934.75M	2,243.84M	1,799.27M	1,846.88M	1,738.39M	2,037.63M	2,376.88M	1,970.99M	1,398.86M	1,214.78M	859.69M	856.79M	985.42M	1,243.90M
Other Current Assets	637.17M	311.48M	637.17M	840.72M	1,065.79M	1,878.57M	1,445.81M	1,815.87M	1,893.22M	2,085.71M	2,615.79M	2,539.80M	2,495.49M	2,422.69M	2,865.44M	2,007.81M	3,204.51M	918.08M	744.65M	1,304.65M	1,322.20M
Total Current Assets	17,993.39M	18,590.32M	17,993.39M	17,997.06M	14,754.19M	15,875.89M	13,683.06M	13,609.52M	11,805.28M	11,650.54M	10,954.41M	10,044.12M	10,982.26M	11,318.19M	10,121.89M	8,007.19M	7,356.03M	8,407.44M	8,028.76M	9,133.81M	4,436.92M
Property, Plant & Equipment	2,944.44M	3,202.30M	2,944.44M	2,502.11M	2,705.87M	2,879.97M	2,612.36M	2,173.09M	1,023.66M	885.31M	818.87M	927.25M	962.75M	991.33M	1,045.76M	734.80M	313.38M	214.48M	42.48M	31.34M	30.83M
Goodwill	708.41M	809.41M	708.41M	879.41M	949.41M	1,067.41M	1,107.41M	1,153.41M	1,251.41M	1,294.41M	980.92M	455.78M	534.78M	632.78M	687.78M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	1,016.17M	364.75M	1,016.17M	507.76M	392.87M	428.75M	464.63M	500.88M	548.85M	602.31M	499.90M	303.86M	339.44M	375.02M	410.89M	1,226.02M	509.45M	558.30M	0.00M	0.00M	0.00M
Long-Term Investments	0.00M	-2,754.77M	0.00M	-398.65M	755.28M	509.80M	590.90M	148.87M	207.50M	2,312.70M	1,883.02M	237.01M	222.46M	167.59M	0.00M	-1,412.13M	0.00M	-2,293.19M	0.00M	3,871.02M	0.00M
Tax Assets	541.47M	557.77M	541.47M	2,580.90M	649.09M	611.46M	566.54M	562.51M	576.47M	469.32M	416.67M	451.59M	469.81M	451.50M	345.31M	200.71M	171.03M	52.43M	43.09M	18.93M	0.00M
Other Non-Current Assets	2,970.40M	5,140.55M	2,970.40M	3,412.74M	-649.09M	-611.46M	-566.54M	-562.51M	-576.47M	-2,782.02M	-2,299.68M	-451.59M	-469.81M	-451.50M	50.70M	1,582.31M	31.20M	2,358.19M	0.00M	-3,871.02M	0.00M
Other Assets	0.00M	0.00M	0.00M	0.00M	1,417.22M	1,661.07M	1,304.36M	932.87M	913.13M	702.58M	1,336.08M	774.21M	706.40M	734.06M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	8,180.88M	7,320.02M	8,180.88M	9,484.27M	6,220.65M	6,547.00M	6,079.67M	4,909.12M	3,944.55M	3,484.61M	3,635.77M	2,698.11M	2,765.82M	2,900.78M	2,540.44M	2,331.71M	1,025.07M	890.22M	85.57M	50.27M	30.83M
Total Assets	26,174.27M	25,910.34M	26,174.27M	27,481.33M	20,974.83M	22,422.89M	19,762.72M	18,518.63M	15,749.83M	15,135.14M	14,590.18M	12,742.22M	13,748.08M	14,218.97M	12,662.33M	10,338.90M	8,381.09M	9,297.66M	8,114.32M	9,184.07M	4,467.75M
Accounts Payable	5,206.18M	7,416.03M	5,206.18M	5,176.89M	3,097.32M	3,283.23M	2,468.63M	1,829.68M	1,215.72M	522.54M	495.08M	427.44M	608.85M	690.15M	544.90M	450.62M	1,178.69M	1,204.90M	624.44M	617.69M	1,490.53M
Short-Term Debt	896.06M	2,711.66M	896.06M	2,477.96M	770.41M	933.95M	670.92M	817.84M	1,627.72M	2,338.43M	2,984.88M	3,393.92M	2,544.44M	1,048.64M	1,736.99M	1,740.66M	586.88M	0.00M	0.00M	60.00M	635.94M
Tax Payables	390.40M	719.95M	390.40M	510.77M	692.15M	772.14M	641.79M	560.72M	602.61M	351.27M	211.33M	192.63M	158.53M	314.38M	331.97M	215.46M	199.25M	147.67M	91.57M	80.00M	248.23M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-1,034.35M	-1,203.48M	-894.31M	-1,078.67M	-1,627.72M	-2,338.43M	-2,984.88M	-3,393.92M	-2,544.44M	-1,048.64M	914.64M	215.46M	199.25M	0.00M	0.00M	80.00M	248.23M
Other Current Liabilities	2,189.77M	1,309.39M	2,189.77M	2,227.81M	895.91M	852.32M	1,057.63M	842.08M	851.84M	788.97M	475.72M	402.61M	430.95M	483.23M	800.84M	635.89M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Current Liabilities	8,682.42M	12,157.03M	8,682.42M	10,393.42M	4,421.44M	4,638.16M	3,944.66M	2,971.65M	2,670.17M	1,662.78M	1,182.12M	1,022.69M	1,198.32M	1,487.76M	4,329.34M	3,258.10M	2,164.08M	1,352.57M	716.01M	837.69M	2,622.93M
Long-Term Debt	0.00M	0.00M	0.00M	0.00M	1,603.11M	1,599.60M	1,604.29M	1,670.90M	0.00M	0.00M	0.00M	0.00M	993.19M	2,210.51M	919.10M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	962.40M	702.88M	962.40M	740.49M	789.80M	897.12M	638.70M	736.11M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	298.78M	151.67M	298.78M	0.00M	142.39M	166.17M	174.15M	139.81M	173.35M	217.64M	224.85M	152.43M	160.21M	169.42M	183.79M	254.73M	165.76M	140.70M	50.00M	33.00M	0.00M
Other Non-Current Liabilities	53.96M	44.54M	53.96M	384.23M	-525.86M	-627.59M	-415.31M	-615.09M	4.61M	105.39M	155.43M	0.00M	0.00M	0.00M	373.45M	344.67M	0.00M	65.00M	0.00M	0.00M	127.19M
Total Non-Current Liabilities	1,315.14M	899.09M	1,315.14M	1,124.72M	2,009.44M	2,035.29M	2,001.82M	1,931.72M	177.96M	323.03M	380.28M	152.43M	1,153.41M	2,379.94M	1,476.34M	599.40M	165.76M	205.70M	50.00M	33.00M	127.19M
Total Liabilities	9,997.56M	13,056.12M	9,997.56M	11,518.15M	6,430.88M	6,673.45M	5,946.48M	4,903.37M	2,848.13M	1,985.82M	1,562.40M	1,175.11M	2,351.73M	3,867.70M	5,805.68M	3,857.50M	2,329.84M	1,558.26M	766.01M	870.69M	2,750.12M
Preferred Stock	0.00M	0.00M	0.00M	266.14M	0.00M	0.00M	281.11M	0.00M	535.90M	562.39M	553.87M	443.32M	298.33M	398.33M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	0.86M	0.83M	0.86M	0.82M	0.82M	0.82M	0.81M	0.81M	0.80M	0.80M	0.80M	0.62M	0.62M	0.62M	0.62M	0.62M	0.61M	0.61M	0.61M	0.62M	5.80M
Retained Earnings	12,030.70M	10,373.28M	12,030.70M	11,236.69M	11,025.99M	10,582.83M	9,794.96M	9,009.05M	8,978.35M	8,311.37M	7,871.07M	7,770.75M	7,554.70M	7,473.84M	6,037.94M	0.00M	0.00M	0.00M	0.00M	907.51M	469.24M
Accumulated OCI	0.00M	-214.78M	0.00M	-266.14M	-298.54M	-144.33M	-281.11M	-399.64M	-535.90M	-562.39M	-553.87M	-443.32M	-298.33M	-398.33M	-203.16M	-136.67M	-86.94M	-63.97M	-43.12M	-25.40M	-14.30M
Minority Interest	111.18M	96.43M	111.18M	84.05M	57.26M	33.34M	181.62M	189.11M	209.69M	186.98M	179.49M	209.93M	228.68M	222.34M	187.28M	213.46M	93.55M	-0.01M	0.00M	1.24M	16.09M
Total Shareholders’ Equity	12,031.56M	10,159.33M	12,031.56M	11,237.51M	10,728.27M	10,439.32M	9,795.77M	8,610.22M	8,979.15M	8,312.17M	7,871.87M	7,771.37M	7,555.33M	7,474.46M	5,835.40M	-136.04M	-86.33M	-63.37M	-42.51M	882.73M	460.74M
Total Equity	12,142.74M	10,255.76M	12,142.74M	11,321.56M	10,785.53M	10,472.65M	9,977.39M	8,799.33M	9,188.84M	8,499.15M	8,051.36M	7,981.30M	7,784.01M	7,696.80M	6,022.68M	77.42M	7.21M	-63.37M	-42.51M	883.97M	476.82M
Total Liabilities & Equity	22,140.30M	23,311.88M	22,140.30M	22,839.71M	17,216.41M	17,146.11M	15,923.87M	13,702.70M	12,036.97M	10,484.96M	9,613.75M	9,156.41M	10,135.74M	11,564.50M	11,828.36M	3,934.92M	2,337.05M	1,494.89M	723.50M	1,754.65M	3,226.94M
Tangible Assets	24,449.69M	24,736.18M	24,449.69M	26,094.16M	19,632.56M	20,926.73M	18,190.68M	16,864.34M	13,949.57M	13,238.43M	13,109.36M	11,982.59M	12,873.86M	13,211.17M	11,563.66M	9,112.88M	7,871.64M	8,739.36M	8,114.32M	9,184.07M	4,467.75M
Tangible Equity	10,418.17M	9,081.60M	10,418.17M	9,934.39M	9,443.25M	8,976.49M	8,405.35M	7,145.04M	7,388.58M	6,602.43M	6,570.54M	7,221.66M	6,909.79M	6,689.00M	4,924.01M	-1,148.60M	-502.24M	-621.67M	-42.51M	883.97M	476.82M
Tangible Book Value	10,418.17M	9,081.60M	10,418.17M	9,934.39M	9,443.25M	8,976.49M	8,405.35M	7,145.04M	7,388.58M	6,602.43M	6,570.54M	7,221.66M	6,909.79M	6,689.00M	4,924.01M	-1,148.60M	-502.24M	-621.67M	-42.51M	883.97M	476.82M
Total Investments	7,427.19M	1,898.73M	7,427.19M	2,182.25M	2,750.84M	2,340.89M	3,364.40M	3,612.74M	4,205.28M	4,991.14M	3,050.42M	2,157.62M	2,933.63M	3,099.95M	2,336.01M	55.42M	2,819.58M	65.00M	1,655.91M	4,483.02M	0.00M
Net Debt	-3,288.78M	-214.46M	-3,288.78M	-3,749.06M	-1,344.70M	30.99M	503.88M	-1,149.94M	-126.55M	544.38M	149.89M	370.49M	1,066.85M	1,141.16M	720.73M	-166.29M	-830.75M	-3,127.59M	-3,812.92M	-4,626.19M	128.13M

Capital Metrics

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31
Working Capital	9,714.0M	6,611.1M	9,714.0M	7,835.5M	8,668.1M	8,126.6M	7,434.5M	7,779.5M	6,342.3M	6,621.2M	6,099.7M	4,906.6M	5,802.9M	7,050.1M	6,037.8M	5,433.3M	6,107.4M	6,128.6M	6,560.2M	7,071.3M	667.6M
Total Capital	18,777.5M	16,666.5M	18,777.5M	16,953.9M	15,710.4M	15,623.8M	13,983.0M	13,438.4M	11,526.9M	11,934.2M	12,160.6M	10,636.3M	10,722.8M	10,414.0M	9,754.5M	8,878.9M	7,460.1M	6,813.2M	6,595.8M	7,147.3M	1,191.1M
Capital Employed	17,894.9M	13,931.1M	17,894.9M	14,588.1M	14,888.8M	14,673.6M	13,514.2M	12,688.6M	10,286.8M	10,105.8M	9,735.5M	7,604.7M	8,568.7M	9,950.9M	8,578.2M	7,951.1M	7,132.5M	7,018.9M	6,645.8M	7,121.6M	698.5M
Invested Capital	14,592.6M	13,740.4M	14,592.6M	10,726.9M	11,992.2M	13,121.2M	12,211.7M	9,799.7M	9,772.7M	10,140.2M	9,325.6M	7,612.9M	8,252.1M	8,296.0M	7,819.1M	6,972.0M	6,042.4M	3,685.6M	2,782.9M	2,461.2M	683.3M

Cash Flow Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31
Net Income	6,649.27M	4,244.67M	3,552.74M	3,120.14M	2,138.57M	2,062.32M	1,709.57M	1,203.18M	981.32M	615.48M	391.84M	280.94M	132.20M	694.70M	1,052.61M	1,450.75M	1,272.00M	1,078.55M	748.27M	1,116.94M	614.12M
Depreciation & Amortization	2,456.17M	1,871.04M	1,226.28M	1,217.08M	949.43M	892.79M	809.12M	606.38M	223.55M	192.97M	173.04M	144.37M	178.62M	145.73M	158.46M	108.13M	60.86M	44.08M	21.42M	11.64M	5.20M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	-358.19M	364.69M	-265.15M	1,101.71M	532.00M	77.16M	-489.56M	0.00M	0.00M	0.00M	0.00M	0.00M	-268.85M	-27.66M	-61.92M	-299.41M	0.00M
Stock-Based Compensation	174.37M	225.49M	161.59M	99.55M	5.96M	71.75M	98.66M	11.34M	43.94M	26.68M	30.98M	0.00M	0.00M	0.00M	0.00M	0.00M	4.94M	15.31M	28.26M	27.55M	0.00M
Change in Working Capital	-726.25M	-624.76M	-726.25M	2,927.41M	290.51M	-528.74M	166.49M	-1,113.05M	-575.94M	-103.84M	458.58M	797.62M	635.21M	-572.34M	-363.05M	-51.80M	-1,107.67M	371.42M	761.84M	-1,076.36M	-970.43M
Accounts Receivable	-179.51M	-194.89M	-179.51M	-503.61M	291.61M	-486.50M	90.39M	-318.27M	-99.65M	-176.69M	163.04M	517.29M	501.41M	-500.62M	-153.70M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-753.13M	-43.34M	-753.13M	-508.21M	-1.10M	-42.25M	76.10M	-794.78M	-476.29M	72.86M	295.54M	280.33M	133.80M	-71.72M	-572.13M	-194.23M	-355.10M	23.82M	128.63M	486.37M	-737.10M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	1.92M	384.60M	555.70M	-38.48M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	153.70M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	206.39M	-386.52M	206.39M	3,939.23M	-1.92M	-384.60M	-555.70M	38.48M	36.29M	118.25M	-12.96M	-232.88M	-14.22M	-59.30M	362.78M	142.43M	-752.57M	347.61M	633.20M	-1,562.73M	-233.32M
Other Non-Cash Items	3,800.70M	1,057.27M	-232.51M	-25.40M	-37.34M	-285.04M	614.41M	-584.56M	304.57M	224.20M	54.80M	-514.25M	-558.24M	-418.73M	-215.55M	-191.26M	88.19M	123.50M	-73.50M	24.78M	416.59M
Net Cash from Operating Activities	11,180.38M	5,686.16M	3,981.84M	7,338.78M	3,050.66M	2,670.07M	3,133.09M	1,225.01M	1,509.44M	1,032.65M	1,109.24M	708.68M	387.78M	-150.64M	632.47M	1,315.82M	49.47M	1,605.20M	1,424.37M	-194.87M	65.48M
Capital Expenditures (PPE)	-1,380.41M	-1,099.18M	-816.18M	-559.97M	-508.16M	-576.66M	-436.62M	-713.63M	-311.21M	-116.76M	-62.12M	-79.48M	-185.49M	-239.94M	-280.88M	-616.82M	-143.53M	-178.77M	-36.27M	-24.05M	-29.50M
Acquisitions (Net)	-301.87M	-141.94M	-287.42M	-42.98M	-248.85M	-149.63M	-559.61M	-1,206.87M	-40.00M	-20.72M	-490.81M	-638.46M	10.06M	-189.56M	-52.50M	-86.11M	143.57M	-612.48M	109.32M	0.00M	0.00M
Purchases of Investments	-15,030.45M	-6,006.54M	-6,416.09M	-8,502.93M	-10,332.05M	-8,789.45M	-13,458.94M	-11,827.85M	-15,048.17M	-9,754.75M	-8,085.48M	-5,604.08M	-5,718.65M	-4,066.20M	-5,000.79M	-4,331.84M	-1,500.00M	-1,970.00M	-3,357.16M	-612.00M	0.00M
Sales / Maturities of Investments	11,389.53M	8,211.98M	4,773.39M	6,549.37M	11,584.98M	8,703.14M	10,439.92M	13,034.73M	14,957.29M	7,855.22M	6,970.35M	6,242.55M	5,841.56M	3,757.19M	5,367.32M	4,402.60M	1,570.00M	570.00M	2,313.24M	0.00M	0.00M
Other Investing Activities	877.26M	958.38M	-351.82M	130.02M	120.65M	126.75M	152.70M	1,333.56M	189.32M	173.07M	90.84M	70.04M	168.69M	140.52M	157.50M	72.20M	-567.95M	819.99M	1.15M	78.18M	-2.93M
Net Cash from Investing Activities	-5,729.97M	-25.64M	-3,098.12M	-2,426.49M	616.56M	-685.84M	-3,862.55M	619.93M	-252.78M	-1,863.94M	-1,577.21M	629.02M	116.17M	-597.98M	190.65M	-559.97M	-497.91M	-1,371.25M	-969.71M	-557.87M	-32.43M
Net Debt Issuance	107.35M	0.00M	107.35M	0.00M	-408.15M	312.19M	-106.62M	0.00M	-799.96M	-522.42M	-612.60M	-340.60M	278.48M	603.07M	915.42M	1,153.78M	586.88M	0.00M	-60.00M	-575.94M	783.21M
Long-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	-198.20M	312.19M	-106.62M	0.00M	0.00M	0.00M	820.27M	-340.60M	278.48M	603.07M	915.42M	1,153.78M	0.00M	0.00M	-60.00M	-575.94M	783.21M
Short-Term Debt Issuance	107.35M	0.00M	107.35M	0.00M	-209.94M	0.00M	0.00M	-862.10M	-799.96M	-522.42M	-612.60M	-340.60M	0.00M	2,348.80M	2,656.10M	1,740.66M	586.88M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	137.49M	0.00M	160.15M	-18.19M	27.24M	136.92M	-15.60M	0.00M	-27.91M	-64.69M	35.21M	-16.82M	0.00M	0.00M	-37.26M	-34.52M	0.00M	0.00M	-210.39M	6,012.03M	0.00M
Common Stock Issuance	514.71M	2.10M	382.88M	-18.19M	27.24M	136.92M	0.00M	19.95M	0.00M	0.00M	37.17M	0.00M	0.00M	0.00M	0.00M	-34.52M	0.00M	0.00M	0.00M	6,012.03M	0.00M
Common Stock Repurchased	-372.52M	1,366.12M	-222.73M	0.00M	0.00M	0.00M	0.00M	-342.68M	0.00M	0.00M	-1.96M	-2.92M	0.00M	0.00M	-37.26M	0.00M	0.00M	0.00M	-210.39M	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	-4,503.58M	-3,107.81M	-2,646.33M	-1,845.10M	-1,721.67M	-1,309.46M	-879.89M	-862.97M	-739.00M	-175.18M	-289.56M	-61.98M	-201.87M	-643.98M	-1,162.92M	0.00M	0.00M	0.00M	0.00M	-756.86M	0.00M
Common Dividends Paid	-4,622.90M	-3,243.60M	-2,646.33M	-1,845.10M	-1,721.67M	-1,309.46M	-879.89M	-862.97M	-739.00M	-197.98M	-289.56M	-61.98M	-201.87M	-643.98M	-1,162.92M	-1,298.09M	0.00M	0.00M	0.00M	-756.86M	0.00M
Preferred Dividends Paid	24.34M	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	-943.45M	-541.04M	-562.53M	-516.27M	-390.39M	-372.13M	-90.17M	855.34M	210.74M	601.91M	1,132.50M	-399.72M	-273.42M	956.35M	-536.62M	-108.74M	-1,842.17M	-917.14M	-993.10M	523.52M	-556.80M
Net Cash from Financing Activities	-5,334.69M	-3,775.84M	-2,941.36M	-2,379.56M	-2,492.97M	-1,232.48M	-1,092.28M	-7.63M	-1,356.13M	-183.18M	265.55M	-819.12M	-196.81M	915.44M	-821.37M	-287.57M	-1,255.29M	-917.14M	-1,263.48M	5,202.75M	226.40M
Effect of FX on Cash	-6.50M	24.73M	15.46M	-23.93M	41.40M	-20.52M	-45.61M	47.11M	59.69M	-26.47M	13.99M	34.06M	45.65M	15.83M	26.66M	21.04M	-6.23M	-2.14M	-64.45M	-271.63M	2.00M
Net Change in Cash	6,580.09M	-1,215.62M	-2,042.18M	2,508.80M	1,215.65M	731.23M	-1,867.35M	1,884.41M	-39.78M	-1,040.94M	-188.43M	552.64M	352.78M	182.64M	28.41M	489.32M	-1,709.96M	-685.33M	-873.27M	4,178.38M	261.46M
Cash at Beginning of Period	10,103.82M	8,447.98M	6,227.02M	3,718.21M	2,502.56M	1,771.33M	3,638.68M	1,754.27M	1,794.05M	2,834.99M	3,023.42M	2,470.78M	2,118.00M	1,935.36M	1,906.95M	1,417.63M	3,127.59M	3,812.92M	4,686.19M	507.81M	246.35M
Cash at End of Period	16,683.91M	7,232.36M	4,184.84M	6,227.02M	3,718.21M	2,502.56M	1,771.33M	3,638.68M	1,754.27M	1,794.05M	2,834.99M	3,023.42M	2,470.78M	2,118.00M	1,935.36M	1,906.95M	1,417.63M	3,127.59M	3,812.92M	4,686.19M	507.81M
Operating Cash Flow	11,180.38M	5,686.16M	3,981.84M	7,338.78M	3,050.66M	2,670.07M	3,133.09M	1,225.01M	1,509.44M	1,032.65M	1,109.24M	708.68M	387.78M	-150.64M	632.47M	1,315.82M	49.47M	1,605.20M	1,424.37M	-194.87M	65.48M
Capital Expenditure	-1,896.07M	-1,099.18M	-1,331.84M	-559.97M	-508.16M	-576.66M	-436.62M	-713.63M	-311.21M	-116.76M	-62.12M	-79.48M	-185.49M	-239.94M	-280.88M	-616.82M	-143.53M	-178.77M	-36.27M	-24.05M	-29.50M
Free Cash Flow	9,286.27M	4,586.98M	2,650.00M	6,778.81M	2,542.50M	2,093.41M	2,696.47M	511.38M	1,198.23M	915.89M	1,047.13M	629.20M	202.29M	-390.57M	351.59M	699.00M	-94.06M	1,426.43M	1,388.10M	-218.92M	35.98M

Free Cash Flow

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31
EBITDA	10,892.83M	6,010.36M	5,890.02M	5,487.67M	3,596.59M	3,255.62M	2,899.77M	2,185.62M	1,570.96M	1,232.91M	777.17M	509.67M	403.86M	988.04M	1,637.52M	1,691.24M	1,446.43M	1,351.53M	649.62M	1,111.58M	815.19M
(-) Tax Adjustment	3,391.98M	1,453.34M	1,826.17M	1,717.25M	910.49M	747.31M	694.90M	552.77M	438.14M	345.26M	272.01M	178.39M	141.35M	281.60M	454.42M	266.19M	220.41M	210.43M	23.27M	30.31M	207.82M
(-) Change In Working Capital	-726.25M	-624.76M	-726.25M	2,927.41M	290.51M	-528.74M	166.49M	-1,113.05M	-575.94M	-103.84M	458.58M	797.62M	635.21M	-572.34M	-363.05M	-51.80M	-1,107.67M	371.42M	761.84M	-1,076.36M	-970.43M
(-) Capital Expenditure	-1,896.07M	-1,099.18M	-1,331.84M	-559.97M	-508.16M	-576.66M	-436.62M	-713.63M	-311.21M	-116.76M	-62.12M	-79.48M	-185.49M	-239.94M	-280.88M	-616.82M	-143.53M	-178.77M	-36.27M	-24.05M	-29.50M
Unlevered Free Cash Flow	6,331.03M	4,082.61M	3,458.26M	283.04M	1,887.43M	2,460.40M	1,601.77M	2,032.27M	1,397.54M	874.73M	-15.53M	-545.82M	-558.19M	1,038.85M	1,265.26M	860.03M	2,190.16M	590.90M	-171.75M	2,133.58M	1,548.30M
(-) Net Interest Income After Taxes	84.84M	64.12M	59.65M	6.65M	-108.81M	-96.30M	-110.22M	-85.72M	38.47M	-50.19M	-48.80M	-22.46M	-29.09M	16.27M	77.86M	84.55M	109.09M	60.72M	92.86M	6.36M	-15.45M
Net Debt Issuance	107.35M	0.00M	107.35M	0.00M	-408.15M	312.19M	-106.62M	0.00M	-799.96M	-522.42M	-612.60M	-340.60M	278.48M	603.07M	915.42M	1,153.78M	586.88M	0.00M	-60.00M	-575.94M	783.21M
Levered Free Cash Flow	6,353.54M	4,018.49M	3,505.96M	276.39M	1,588.10M	2,868.89M	1,605.38M	2,118.00M	559.10M	402.50M	-579.33M	-863.96M	-250.62M	1,625.64M	2,102.83M	1,929.26M	2,667.94M	530.18M	-324.61M	1,551.28M	2,346.95M