Anadolu Hayat Emeklilik Anonim Sirketi (ANHYT.IS)

Industry: Insurance - Life Sector: Financial Services Currency Used: TR Live Price: $103.70

Enterprise Value

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Stock Price	86.62	93.97	30.67	15.69	9.86	7.23	5.63	7.16	6.44	5.09	5.21	4.16	3.90	2.92	2.45	2.51
Market Capitalization	37,245.17M	40,404.95M	13,187.03M	6,744.55M	4,238.72M	3,108.90M	2,421.98M	3,077.73M	2,767.05M	2,163.45M	2,238.15M	1,789.87M	1,675.95M	1,253.64M	1,052.72M	1,077.46M
(-) Cash & Equivalents	5,752.98M	2,857.11M	1,688.09M	793.00M	369.83M	680.20M	529.17M	516.21M	424.01M	300.34M	249.18M	168.52M	137.79M	117.77M	113.42M	57.00M
(+) Total Debt	274.86M	201.55M	109.33M	76.27M	70.82M	55.08M	52.91M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Enterprise Value	31,767.04M	37,749.39M	11,608.26M	6,027.82M	3,939.72M	2,483.79M	1,945.72M	2,561.51M	2,343.04M	1,863.11M	1,988.97M	1,621.35M	1,538.16M	1,135.87M	939.31M	1,020.46M

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	33,437M	21,386M	23,265M	16,621M	7,896M	4,936M	2,887M	2,055M	1,478M	1,152M	1,045M	886M	784M	781M	702M	726M	628M	884M	739M	338M	608M	679M
Cost of Revenue	3,652M	3,006M	3,465M	1,675M	811M	425M	373M	285M	24M	31M	25M	22M	17M	16M	15M	12M	0M	0M	0M	0M	0M	0M
Gross Profit	29,785M	18,380M	19,800M	14,946M	7,085M	4,511M	2,515M	1,770M	1,455M	1,120M	1,020M	864M	767M	765M	687M	714M	628M	884M	739M	338M	608M	679M
Gross Profit Margin	89.1%	85.9%	85.1%	89.9%	89.7%	91.4%	87.1%	86.1%	98.4%	97.3%	97.6%	97.5%	97.8%	97.9%	97.9%	98.3%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
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	787M	754M	778M	449M	253M	139M	105M	90M	0M	0M	0M	0M	0M	0M	0M	0M	54M	0M	0M	0M	0M	0M
Operating Expenses	15,201M	13,326M	14,063M	11,239M	5,356M	3,616M	1,859M	1,290M	1,132M	839M	789M	687M	635M	665M	579M	638M	540M	786M	671M	281M	577M	620M
Operating Income (EBIT)	14,584M	5,054M	5,737M	3,707M	1,729M	894M	655M	480M	323M	282M	231M	177M	132M	100M	107M	76M	88M	98M	67M	57M	31M	58M
Operating Income Margin	43.6%	23.6%	24.7%	22.3%	21.9%	18.1%	22.7%	23.4%	21.9%	24.5%	22.1%	19.9%	16.9%	12.8%	15.3%	10.5%	14.0%	11.1%	9.1%	16.9%	5.1%	8.6%
Interest Income	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	28M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	-28M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Unusual Items	-7,667M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
EBT Excluding Unusual Items	14,556M	5,054M	5,737M	3,707M	1,729M	894M	655M	480M	323M	282M	231M	176M	132M	100M	107M	76M	88M	98M	67M	57M	31M	58M
Pre-Tax Income	6,889M	5,054M	5,737M	3,707M	1,729M	894M	655M	480M	323M	282M	231M	177M	132M	100M	107M	76M	88M	98M	67M	57M	31M	58M
Pre-Tax Margin	20.6%	23.6%	24.7%	22.3%	21.9%	18.1%	22.7%	23.4%	21.9%	24.5%	22.1%	19.9%	16.9%	12.8%	15.3%	10.5%	14.0%	11.1%	9.1%	16.9%	5.1%	8.6%
Income Tax Expense	1,507M	1,256M	1,432M	853M	337M	194M	128M	119M	69M	55M	40M	31M	28M	15M	26M	13M	15M	19M	14M	12M	6M	17M
Net Income	5,382M	3,798M	4,306M	2,854M	1,392M	700M	527M	361M	255M	227M	191M	146M	104M	85M	81M	63M	73M	79M	53M	45M	25M	41M
Net Income Margin	16.1%	17.8%	18.5%	17.2%	17.6%	14.2%	18.2%	17.5%	17.2%	19.7%	18.3%	16.5%	13.3%	10.8%	11.5%	8.7%	11.6%	9.0%	7.2%	13.5%	4.2%	6.0%
Depreciation & Amortization	83M	67M	79M	50M	46M	38M	31M	37M	22M	21M	12M	10M	6M	5M	4M	3M	0M	0M	0M	0M	0M	0M
EBITDA	14,667M	5,121M	5,817M	3,757M	1,775M	932M	687M	517M	346M	302M	242M	186M	139M	105M	111M	80M	88M	98M	67M	57M	31M	58M
EBITDA Margin	43.9%	23.9%	25.0%	22.6%	22.5%	18.9%	23.8%	25.2%	23.4%	26.3%	23.2%	21.0%	17.7%	13.4%	15.8%	11.0%	14.0%	11.1%	9.1%	16.9%	5.1%	8.6%
NOPAT	11,394M	3,798M	4,306M	2,854M	1,392M	700M	527M	361M	255M	227M	191M	146M	104M	85M	81M	63M	73M	79M	53M	45M	25M	41M
NOPAT Margin	34.1%	17.8%	18.5%	17.2%	17.6%	14.2%	18.2%	17.5%	17.2%	19.7%	18.3%	16.5%	13.3%	10.8%	11.5%	8.7%	11.6%	9.0%	7.2%	13.5%	4.2%	6.0%
Owner's Earnings	5,439M	3,822M	4,362M	2,894M	1,419M	679M	540M	379M	235M	230M	177M	138M	95M	83M	77M	63M	72M	78M	51M	45M	25M	41M
Owner's Earnings Margin	16.3%	17.9%	18.7%	17.4%	18.0%	13.8%	18.7%	18.5%	15.9%	20.0%	16.9%	15.6%	12.2%	10.7%	10.9%	8.7%	11.4%	8.8%	6.9%	13.5%	4.2%	6.0%
EPS (Basic)	12.51	8.84	10.01	6.64	3.24	1.63	1.23	0.84	0.59	0.53	0.44	0.34	0.24	0.20	0.19	0.15	0.17	0.18	0.12	0.00	0.06	0.11
EPS (Diluted)	12.52	8.83	10.01	6.64	3.24	1.63	1.23	0.84	0.59	0.53	0.44	0.34	0.24	0.20	0.19	0.15	0.17	0.18	0.12	0.11	0.06	0.11
Shares (Basic)	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	444M	374M
Shares (Diluted)	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	430M	444M	374M

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	7,393.32M	5,405.89M	3,185.60M	1,691.37M	1,302.43M	423.27M	666.50M	656.92M	517.66M	581.76M	326.89M	303.00M	216.43M	138.77M	142.34M	119.79M	129.07M	121.54M	75.25M	62.01M	35.35M	62.94M
Short-Term Investments	-7,393.32M	9,871.51M	9,699.08M	7,824.88M	2,685.60M	1,416.67M	920.34M	1,078.34M	573.59M	591.32M	747.07M	704.04M	645.47M	581.75M	518.74M	2,384.48M	2,452.96M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	0.00M	15,277.40M	12,884.68M	9,516.25M	3,988.04M	1,839.94M	1,586.84M	1,735.27M	1,091.24M	1,173.08M	1,073.96M	1,007.04M	861.89M	720.51M	661.08M	2,504.27M	2,582.03M	121.54M	75.25M	62.01M	35.35M	62.94M
Net Receivables	0.00M	271,283.53M	217,095.99M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	0.00M	0.00M	-239,959.86M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.07M	0.04M
Other Current Assets	0.00M	-286,768.01M	226,854.40M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Current Assets	0.00M	-207.08M	216,875.21M	9,516.25M	3,988.04M	1,839.94M	1,586.84M	1,735.27M	1,091.24M	1,173.08M	1,073.96M	1,007.04M	861.89M	720.52M	661.10M	2,504.27M	2,582.03M	121.54M	75.25M	62.01M	35.43M	62.99M
Property, Plant & Equipment	351.50M	334.97M	300.49M	159.26M	129.27M	114.21M	82.54M	89.16M	38.23M	18.28M	18.34M	18.07M	9.18M	6.72M	5.64M	20.90M	21.42M	22.05M	22.78M	23.01M	22.73M	22.43M
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	63.99M	57.41M	44.33M	28.05M	23.35M	29.72M	16.62M	16.84M	27.54M	28.01M	31.27M	17.15M	14.41M	4.98M	4.30M	2.73M	2.38M	1.97M	1.62M	0.00M	1.24M	1.01M
Long-Term Investments	0.00M	10,440.77M	10,119.46M	7,994.59M	4,221.90M	1,703.73M	1,207.64M	1,098.80M	645.72M	647.49M	791.70M	750.08M	694.80M	622.87M	564.33M	2,396.42M	10.90M	2,322.14M	3.96M	82.18M	1,654.21M	1,726.93M
Tax Assets	429.29M	476.34M	246.95M	88.61M	0.00M	0.00M	0.00M	0.00M	14.22M	0.00M	0.00M	0.00M	1.05M	2.07M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	-844.78M	312,517.43M	19,426.48M	22,488.91M	77.56M	-1,847.67M	-1,306.79M	-1,204.79M	-14.22M	-693.78M	-841.32M	-785.30M	-719.45M	-636.64M	-574.26M	-2,420.05M	-34.70M	-2,346.16M	-28.36M	-105.20M	-1,678.18M	-1,750.37M
Other Assets	376,617.29M	323,826.92M	33,484.77M	122,583.19M	82,141.51M	47,812.38M	33,194.12M	24,206.94M	18,427.24M	16,010.34M	12,482.19M	10,101.65M	8,576.39M	6,551.52M	5,991.54M	726.59M	2,687.40M	1,970.35M	3,296.30M	2,657.91M	554.18M	214.85M
Total Non-Current Assets	376,617.29M	647,653.84M	63,622.47M	153,342.61M	86,593.59M	47,812.38M	33,194.12M	24,206.94M	19,138.74M	16,010.34M	12,482.19M	10,101.65M	8,576.39M	6,551.52M	5,991.54M	726.59M	2,687.40M	1,970.35M	3,296.30M	2,657.91M	554.18M	214.85M
Total Assets	376,617.29M	647,446.75M	280,497.68M	162,858.86M	90,581.62M	49,652.33M	34,780.96M	25,942.20M	20,229.98M	17,183.42M	13,556.15M	11,108.70M	9,438.29M	7,272.04M	6,652.63M	3,230.86M	5,269.43M	2,091.89M	3,371.55M	2,719.92M	589.61M	277.84M
Accounts Payable	0.00M	664.51M	611.78M	443.66M	192.95M	52.83M	42.15M	48.44M	23.66M	16.78M	15.24M	9.79M	9.42M	5.87M	4.09M	4.48M	2,674.17M	1,971.12M	2.51M	956.91M	0.92M	0.78M
Short-Term Debt	93.95M	0.00M	69.08M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	45.38M	101.21M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.09M	0.14M	0.16M
Tax Payables	0.00M	563.62M	595.47M	196.31M	54.09M	37.63M	18.48M	13.88M	11.56M	6.15M	5.25M	4.70M	4.53M	3.76M	3.36M	0.00M	5.47M	-14.63M	0.00M	10.09M	4.54M	5.33M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	0.74M	0.54M	0.38M	0.33M	0.24M	0.16M	3.95M	2.58M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	-93.95M	-274,897.28M	-30.12M	953.42M	-76,871.74M	-43,780.72M	-30,931.94M	-23,315.18M	-17,326.48M	-15,022.89M	-11,674.80M	-9,267.04M	84.72M	-5,377.84M	-4,388.10M	-3,100.96M	-2,674.47M	-1,990.95M	-11.44M	-967.78M	-4.32M	-8.27M
Total Current Liabilities	0.00M	-273,669.15M	1,246.20M	1,593.38M	-76,623.96M	-43,689.71M	-30,870.93M	-23,252.54M	-17,291.02M	-14,999.79M	-11,604.99M	-9,148.76M	98.66M	-5,368.22M	-4,380.64M	-3,096.48M	5.18M	-34.46M	-8.93M	-0.69M	1.28M	-1.99M
Long-Term Debt	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
Capital Lease Obligations	0.00M	273.76M	242.26M	108.34M	80.19M	67.11M	54.69M	53.77M	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
Deferred Tax Liabilities	0.00M	0.00M	0.00M	0.00M	86.89M	62.38M	29.98M	33.02M	24.09M	20.39M	7.39M	9.42M	9.94M	3.80M	11.93M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	-206.09M	-195.23M	-175.33M	18,950.52M	-87.64M	0.00M	-49.88M	-48.77M	0.00M	0.00M	0.00M	0.00M	1,879.46M	0.00M	-13.39M	-1.51M	-1.33M	-1.76M	0.00M	0.00M	-1.41M	-1.37M
Total Non-Current Liabilities	-206.09M	78.53M	66.92M	19,058.86M	79.44M	129.48M	34.79M	38.02M	24.09M	20.39M	7.39M	9.42M	1,889.40M	3.80M	-1.46M	-1.51M	-1.33M	-1.76M	0.00M	0.00M	-1.41M	-1.37M
Total Liabilities	-206.09M	-273,590.62M	1,313.13M	20,652.24M	-76,544.52M	-43,560.22M	-30,836.13M	-23,214.52M	-17,266.93M	-14,979.40M	-11,597.60M	-9,139.34M	1,988.06M	-5,364.42M	-4,382.10M	-3,098.00M	3.84M	-36.22M	-8.93M	-0.69M	-0.13M	-3.36M
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	430.00M	430.00M	430.00M	430.00M	430.00M	430.00M	430.00M	430.00M	430.00M	430.00M	430.00M	410.00M	380.00M	350.00M	300.00M	300.00M	250.00M	250.00M	250.00M	175.00M	175.00M	155.56M
Retained Earnings	4,528.13M	2,977.88M	4,492.10M	2,944.91M	1,375.19M	808.59M	629.14M	460.14M	353.41M	323.60M	293.04M	247.17M	107.25M	95.38M	90.35M	72.41M	205.79M	84.46M	52.94M	45.48M	25.29M	36.02M
Accumulated OCI	6,602.14M	6,549.82M	4,996.68M	3,074.55M	1,594.97M	645.93M	542.76M	395.75M	165.67M	175.13M	143.61M	410.00M	44.51M	12.94M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	11,560.26M	9,957.70M	9,918.77M	6,449.46M	3,400.15M	1,884.51M	1,601.89M	1,285.89M	949.08M	928.73M	866.64M	1,067.17M	531.76M	458.32M	390.35M	372.41M	455.79M	334.46M	302.94M	220.48M	200.29M	191.58M
Total Equity	11,560.26M	9,957.70M	9,918.77M	6,449.46M	3,400.15M	1,884.51M	1,601.89M	1,285.89M	949.08M	928.73M	866.64M	1,067.17M	531.76M	458.32M	390.35M	372.41M	455.79M	334.46M	302.94M	220.48M	200.29M	191.58M
Total Liabilities & Equity	11,354.17M	-263,632.93M	11,231.90M	27,101.70M	-73,144.36M	-41,675.71M	-29,234.24M	-21,928.63M	-16,317.85M	-14,050.68M	-10,730.96M	-8,072.16M	2,519.82M	-4,906.11M	-3,991.75M	-2,725.58M	459.63M	298.24M	294.02M	219.79M	200.16M	188.22M
Tangible Assets	376,553.30M	647,389.35M	280,453.35M	162,830.81M	90,558.28M	49,622.61M	34,764.34M	25,925.36M	20,202.44M	17,155.41M	13,524.87M	11,091.54M	9,423.87M	7,267.05M	6,648.34M	3,228.12M	5,267.05M	2,089.92M	3,369.93M	2,719.92M	588.37M	276.82M
Tangible Equity	11,496.27M	9,900.29M	9,874.45M	6,421.41M	3,376.81M	1,854.80M	1,585.28M	1,269.05M	921.54M	900.72M	835.37M	1,050.02M	517.34M	453.33M	386.05M	369.68M	453.40M	332.49M	301.32M	220.48M	199.05M	190.57M
Tangible Book Value	11,496.27M	9,900.29M	9,874.45M	6,421.41M	3,376.81M	1,854.80M	1,585.28M	1,269.05M	921.54M	900.72M	835.37M	1,050.02M	517.34M	453.33M	386.05M	369.68M	453.40M	332.49M	301.32M	220.48M	199.05M	190.57M
Total Investments	0.00M	20,312.28M	19,818.54M	15,819.47M	6,907.50M	3,120.41M	2,127.98M	2,177.14M	1,219.31M	1,238.81M	1,538.77M	1,454.12M	1,340.27M	1,204.62M	1,083.07M	4,780.90M	2,463.87M	2,322.14M	3.96M	82.18M	1,654.21M	1,726.93M
Net Debt	-7,299.37M	-5,405.89M	-3,116.51M	-1,691.37M	-1,302.43M	-423.27M	-666.50M	-656.92M	-517.66M	-581.76M	-281.51M	-201.79M	-216.43M	-138.77M	-142.34M	-119.79M	-129.07M	-121.54M	-75.25M	-61.91M	-35.21M	-62.78M

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	0.0M	0.0M	-3,653.1M	-127,911.7M	3,791.3M	1,783.0M	1,544.3M	1,686.0M	1,071.1M	1,159.2M	1,059.9M	997.6M	852.7M	714.6M	657.0M	-594.2M	-92.1M	-1,871.1M	67.2M	-895.0M	34.4M	62.0M
Total Capital	12,009.0M	10,384.2M	10,313.8M	6,557.8M	3,468.8M	1,951.6M	1,656.6M	1,339.7M	949.1M	926.6M	912.0M	884.2M	616.3M	540.1M	529.5M	433.3M	455.8M	429.9M	349.9M	344.4M	321.8M	312.4M
Capital Employed	376,617.3M	323,826.9M	39,590.1M	25,431.0M	90,384.9M	51,443.0M	36,045.2M	27,097.7M	20,209.9M	17,863.4M	14,383.4M	11,884.5M	10,148.5M	7,902.8M	7,222.8M	2,552.5M	2,630.0M	2,445.4M	3,391.8M	1,868.1M	2,266.7M	2,027.3M
Invested Capital	4,615.7M	4,978.3M	7,128.2M	4,866.4M	2,166.4M	1,528.4M	990.1M	682.7M	431.4M	344.8M	585.1M	581.2M	399.9M	401.4M	387.1M	313.5M	326.7M	308.3M	274.7M	282.4M	286.4M	249.5M

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	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31
Net Income	3,964.89M	3,020.87M	4,305.80M	2,853.82M	1,391.75M	699.99M	526.94M	360.69M	254.66M	226.59M	191.26M	145.88M	95.16M	84.71M	80.95M	62.92M	72.79M	79.28M	52.94M
Depreciation & Amortization	29.70M	42.99M	83.33M	50.28M	45.70M	37.80M	31.35M	37.08M	22.32M	20.75M	11.69M	9.77M	6.34M	5.42M	4.29M	0.00M	0.00M	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
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
Change in Working Capital	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
Accounts Receivable	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
Inventory	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
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
Other Working Capital	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 Non-Cash Items	9,726.77M	2,794.13M	675.23M	96.77M	-1,437.45M	1,205.84M	1,096.20M	538.63M	-254.66M	-226.59M	-191.26M	-145.88M	-95.16M	-84.71M	-80.95M	-62.92M	3.77M	-79.28M	243.27M
Net Cash from Operating Activities	13,721.37M	5,797.97M	5,064.37M	3,000.87M	1,437.45M	1,943.63M	1,654.49M	936.39M	254.66M	226.59M	191.26M	145.88M	95.16M	84.71M	80.95M	62.92M	76.56M	79.28M	296.21M
Capital Expenditures (PPE)	-46.71M	-42.66M	-23.49M	-22.64M	-18.27M	-58.45M	-18.17M	-18.37M	-41.87M	-17.53M	-26.33M	-17.86M	-15.04M	-6.23M	-8.02M	-3.26M	-1.23M	-1.42M	-1.72M
Acquisitions (Net)	2.88M	357.69M	0.00M	1,089.79M	291.29M	270.56M	226.12M	226.81M	228.96M	160.83M	151.61M	96.70M	5.58M	128.72M	96.01M	123.14M	0.00M	0.00M	0.00M
Purchases of Investments	-17,725.61M	-17,266.03M	0.00M	-10,890.21M	-4,391.52M	-1,872.64M	-1,395.74M	-1,006.92M	-96.07M	-192.03M	-426.81M	-246.68M	-181.73M	-305.41M	-309.01M	-510.60M	-105.21M	-128.01M	-317.74M
Sales / Maturities of Investments	9,557.30M	11,713.18M	0.00M	6,433.10M	1,234.53M	280.83M	32.23M	626.14M	56.33M	188.31M	288.13M	151.98M	395.22M	239.93M	335.77M	303.06M	0.00M	0.00M	0.00M
Other Investing Activities	773.02M	1,331.67M	-3,044.49M	1,387.59M	1,555.36M	-81.87M	297.87M	-456.42M	-193.93M	-310.77M	32.20M	97.81M	-33.31M	3.44M	3.04M	5.86M	98.07M	-19.55M	52.33M
Net Cash from Investing Activities	-7,439.12M	-3,906.15M	-3,067.98M	-2,002.36M	-1,328.61M	-1,461.56M	-857.70M	-628.77M	-46.58M	-171.19M	18.80M	81.94M	170.71M	60.45M	117.79M	-81.80M	-8.38M	-148.98M	-267.13M
Net Debt Issuance	-34.32M	0.00M	-83.26M	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
Long-Term Debt Issuance	-34.32M	0.00M	-83.26M	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
Short-Term Debt 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
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
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
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
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
Net Dividends Paid	-2,579.03M	-1,036.05M	-1,036.05M	-518.18M	-449.49M	-368.34M	-287.44M	-136.13M	-175.29M	-144.46M	-103.41M	-62.16M	-51.98M	-41.89M	-41.43M	-41.66M	-56.82M	-43.20M	-16.04M
Common Dividends Paid	-2,579.03M	-1,036.05M	-1,036.05M	-518.18M	-449.49M	-368.34M	-287.44M	-136.13M	-175.29M	-144.46M	-103.41M	-62.16M	-51.98M	-41.89M	-41.43M	-41.66M	-56.82M	-43.20M	-16.04M
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
Other Financing Activities	-168.34M	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	-0.11M
Net Cash from Financing Activities	-2,781.69M	-1,036.05M	-1,119.31M	-518.18M	-449.49M	-368.34M	-287.44M	-136.13M	-175.29M	-144.46M	-103.41M	-62.16M	-51.98M	-41.89M	-41.43M	-41.66M	-56.82M	-43.20M	-16.15M
Effect of FX on Cash	582.26M	167.26M	25.39M	0.00M	1,113.06M	-264.94M	-221.60M	-223.01M	90.75M	34.46M	-103.56M	-84.57M	-167.58M	-106.65M	-134.71M	51.45M	0.00M	155.14M	0.00M
Net Change in Cash	4,082.81M	956.01M	902.46M	480.33M	772.41M	-151.22M	287.75M	-51.51M	123.54M	-54.60M	3.08M	81.09M	46.31M	-3.38M	22.59M	-9.09M	11.37M	42.24M	12.94M
Cash at Beginning of Period	15,061.30M	8,662.12M	1,675.86M	1,195.53M	423.12M	574.34M	286.58M	338.09M	214.56M	269.16M	266.08M	184.99M	138.68M	142.06M	119.47M	128.55M	117.19M	74.95M	62.01M
Cash at End of Period	19,144.11M	9,450.87M	2,578.32M	1,675.86M	1,195.53M	423.12M	574.34M	286.58M	338.09M	214.56M	269.16M	266.08M	184.99M	138.68M	142.06M	119.47M	128.55M	117.19M	74.95M
Operating Cash Flow	13,721.37M	5,797.97M	5,064.37M	3,000.87M	1,437.45M	1,943.63M	1,654.49M	936.39M	254.66M	226.59M	191.26M	145.88M	95.16M	84.71M	80.95M	62.92M	76.56M	79.28M	296.21M
Capital Expenditure	-25.53M	-42.66M	-23.49M	-10.56M	-18.27M	-58.45M	-18.17M	-18.37M	-41.87M	-17.53M	-26.33M	-17.86M	-15.04M	-6.23M	-8.02M	-3.26M	-1.23M	-1.42M	-1.72M
Free Cash Flow	13,695.83M	3,685.32M	5,040.87M	2,978.23M	1,419.19M	1,885.18M	1,636.32M	918.02M	212.80M	209.06M	164.92M	128.02M	80.12M	78.48M	72.93M	59.66M	75.32M	77.86M	294.49M

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
EBITDA	29,080.70M	17,692.26M	19,101.91M	14,546.66M	6,877.62M	4,409.73M	2,440.62M	1,717.06M	1,477.21M	1,141.23M	1,031.92M	873.50M	773.33M	769.47M	690.35M	717.68M	574.11M	884.22M	738.54M
(-) Tax Adjustment	6,361.37M	4,398.33M	4,766.19M	3,346.85M	1,341.34M	958.70M	478.00M	426.78M	313.51M	223.25M	176.75M	152.18M	164.48M	117.79M	168.31M	126.12M	100.45M	168.82M	157.96M
(-) Change In Working Capital	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
(-) Capital Expenditure	-25.53M	-42.66M	-23.49M	-10.56M	-18.27M	-58.45M	-18.17M	-18.37M	-41.87M	-17.53M	-26.33M	-17.86M	-15.04M	-6.23M	-8.02M	-3.26M	-1.23M	-1.42M	-1.72M
Unlevered Free Cash Flow	22,678.63M	13,251.27M	14,312.23M	11,189.25M	5,518.02M	3,392.58M	1,944.45M	1,271.91M	1,121.84M	900.45M	828.84M	703.46M	593.81M	645.45M	514.02M	588.30M	472.43M	713.98M	578.86M
(-) Net Interest Income After Taxes	-22.05M	0.00M	0.00M	0.00M	0.00M	0.00M	0.10M	0.00M	0.00M	0.04M	0.00M	-0.29M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt Issuance	-34.32M	0.00M	-83.26M	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
Levered Free Cash Flow	22,666.36M	13,251.27M	14,228.97M	11,189.25M	5,518.02M	3,392.58M	1,944.35M	1,271.91M	1,121.84M	900.41M	828.84M	703.75M	593.81M	645.45M	514.02M	588.30M	472.43M	713.98M	578.86M