Bayerische Motoren Werke AG (BMW3.DE)

Industry: Auto - Manufacturers Sector: Consumer Cyclical Currency Used: DE Live Price: $88.70

Enterprise Value

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Stock Price	78.19	88.49	102.91	76.36	87.26	59.54	68.13	78.42	84.76	77.51	97.87	89.76	75.08	64.36	57.32	46.13	28.35
Market Capitalization	48,078.31M	55,747.08M	65,607.48M	50,030.59M	57,528.57M	39,184.27M	44,854.53M	51,514.79M	55,693.31M	50,910.56M	64,251.13M	58,903.80M	49,251.64M	42,190.62M	37,555.32M	30,201.04M	18,532.62M
(-) Cash & Equivalents	19,008.00M	17,926.00M	19,045.00M	21,050.50M	15,929.75M	15,769.25M	12,012.75M	9,275.75M	7,757.75M	6,800.50M	6,264.50M	7,714.75M	7,854.75M	8,569.00M	7,728.75M	7,661.25M	1,941.75M
(+) Total Debt	107,529.00M	97,433.75M	93,197.25M	96,937.00M	100,094.50M	97,940.25M	109,370.75M	93,977.25M	91,033.75M	89,114.00M	84,470.50M	70,869.75M	66,270.25M	30,094.75M	62,242.00M	62,445.25M	15,331.25M
Enterprise Value	136,599.31M	135,254.83M	139,759.73M	125,917.09M	141,693.32M	121,355.27M	142,212.53M	136,216.29M	138,969.31M	133,224.06M	142,457.13M	122,058.80M	107,667.14M	63,716.37M	92,068.57M	84,985.04M	31,922.12M

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	2004-12-31	2003-12-31	2002-12-31
Revenue	136,415M	148,932M	142,380M	155,498M	142,610M	111,239M	98,990M	104,210M	97,480M	98,678M	94,163M	92,175M	80,401M	76,058M	76,848M	68,821M	60,477M	50,681M	53,197M	56,018M	48,999M	46,656M	44,335M	41,525M	42,411M
Cost of Revenue	115,313M	123,599M	111,843M	118,271M	118,042M	89,253M	85,408M	86,147M	78,924M	78,744M	75,442M	74,043M	63,396M	60,784M	61,354M	54,276M	49,562M	45,356M	44,323M	43,832M	37,660M	35,992M	34,064M	32,090M	32,754M
Gross Profit	21,102M	25,333M	30,537M	37,227M	24,568M	21,986M	13,582M	18,063M	18,556M	19,934M	18,721M	18,132M	17,005M	15,274M	15,494M	14,545M	10,915M	5,325M	8,874M	12,186M	11,339M	10,664M	10,271M	9,435M	9,657M
Gross Profit Margin	15.5%	17.0%	21.4%	23.9%	17.2%	19.8%	13.7%	17.3%	19.0%	20.2%	19.9%	19.7%	21.2%	20.1%	20.2%	21.1%	18.0%	10.5%	16.7%	21.8%	23.1%	22.9%	23.2%	22.7%	22.8%
R&D Expenses	7,134M	8,187M	7,642M	7,538M	6,624M	6,299M	6,279M	6,419M	6,890M	6,108M	5,164M	5,169M	4,135M	4,118M	3,993M	0M	0M	0M	2,825M	2,920M	2,544M	2,464M	2,334M	2,146M	2,133M
SG&A Expenses	9,396M	3,187M	11,313M	11,025M	10,616M	9,233M	8,795M	9,367M	9,558M	9,560M	9,158M	8,633M	7,892M	7,255M	7,007M	6,177M	5,529M	5,040M	5,369M	5,254M	4,972M	4,762M	4,653M	4,446M	4,389M
Operating Expenses	11,174M	11,374M	18,948M	11,213M	10,359M	8,532M	8,822M	10,495M	9,548M	10,149M	9,417M	8,652M	7,884M	7,313M	7,178M	6,527M	5,821M	5,036M	7,953M	7,974M	7,289M	6,871M	6,526M	6,082M	6,152M
Operating Income (EBIT)	9,928M	13,959M	11,589M	26,014M	14,209M	13,454M	4,760M	7,568M	9,008M	9,785M	9,304M	9,480M	9,121M	7,961M	8,316M	8,018M	5,094M	289M	921M	4,212M	4,050M	3,793M	3,745M	3,353M	3,505M
Operating Income Margin	7.3%	9.4%	8.1%	16.7%	10.0%	12.1%	4.8%	7.3%	9.2%	9.9%	9.9%	10.3%	11.3%	10.5%	10.8%	11.7%	8.4%	0.6%	1.7%	7.5%	8.3%	8.1%	8.4%	8.1%	8.3%
Interest Income	563M	684M	653M	701M	903M	206M	116M	179M	397M	201M	196M	185M	200M	183M	228M	232M	209M	477M	325M	287M	259M	76M	55M	0M	0M
Interest Expense	547M	725M	571M	656M	230M	236M	458M	499M	386M	412M	489M	618M	519M	462M	211M	235M	251M	364M	161M	225M	319M	318M	246M	148M	208M
Net Interest Income	16M	-41M	82M	45M	673M	-30M	-342M	-320M	11M	-211M	-293M	-433M	-319M	-279M	17M	-3M	-42M	113M	164M	62M	-60M	-242M	-191M	-148M	-208M
Unusual Items	222M	-1,319M	-700M	-8,963M	8,627M	2,636M	804M	-130M	796M	1,081M	654M	177M	-95M	231M	-514M	-632M	-216M	11M	-734M	-401M	134M	-264M	0M	0M	0M
EBT Excluding Unusual Items	9,944M	13,918M	11,671M	26,059M	14,882M	13,424M	4,418M	7,248M	9,019M	9,574M	9,011M	9,047M	8,802M	7,682M	8,333M	8,015M	5,052M	402M	1,085M	4,274M	3,990M	3,551M	3,554M	3,205M	3,297M
Pre-Tax Income	10,166M	12,599M	10,971M	17,096M	23,509M	16,060M	5,222M	7,118M	9,815M	10,655M	9,665M	9,224M	8,707M	7,913M	7,819M	7,383M	4,836M	413M	351M	3,873M	4,124M	3,287M	3,554M	3,205M	3,297M
Pre-Tax Margin	7.5%	8.5%	7.7%	11.0%	16.5%	14.4%	5.3%	6.8%	10.1%	10.8%	10.3%	10.0%	10.8%	10.4%	10.2%	10.7%	8.0%	0.8%	0.7%	6.9%	8.4%	7.0%	8.0%	7.7%	7.8%
Income Tax Expense	2,908M	3,797M	3,293M	4,931M	4,927M	3,597M	1,365M	2,140M	2,575M	1,949M	2,755M	2,828M	2,890M	2,573M	2,697M	2,476M	1,602M	203M	21M	739M	1,250M	1,048M	1,332M	1,258M	1,277M
Net Income	7,020M	8,181M	7,290M	11,290M	17,941M	12,382M	3,775M	4,915M	7,117M	8,620M	6,863M	6,369M	5,798M	5,314M	5,096M	4,907M	3,234M	210M	330M	3,126M	2,868M	2,239M	2,222M	1,947M	2,020M
Net Income Margin	5.1%	5.5%	5.1%	7.3%	12.6%	11.1%	3.8%	4.7%	7.3%	8.7%	7.3%	6.9%	7.2%	7.0%	6.6%	7.1%	5.3%	0.4%	0.6%	5.6%	5.9%	4.8%	5.0%	4.7%	4.8%
Depreciation & Amortization	10,169M	8,736M	8,650M	8,974M	8,566M	6,495M	6,143M	10,749M	8,601M	8,455M	8,112M	4,686M	4,323M	3,830M	3,716M	3,654M	9,242M	9,079M	10,439M	8,387M	7,148M	6,466M	5,544M	4,901M	4,316M
EBITDA	20,097M	22,695M	20,239M	34,988M	22,775M	19,949M	10,903M	18,317M	17,609M	18,240M	17,416M	14,166M	13,444M	11,791M	12,032M	11,672M	14,336M	9,368M	11,360M	12,599M	11,198M	10,259M	9,289M	8,254M	7,821M
EBITDA Margin	14.7%	15.2%	14.2%	22.5%	16.0%	17.9%	11.0%	17.6%	18.1%	18.5%	18.5%	15.4%	16.7%	15.5%	15.7%	17.0%	23.7%	18.5%	21.4%	22.5%	22.9%	22.0%	21.0%	19.9%	18.4%
NOPAT	7,088M	9,752M	8,111M	18,511M	11,231M	10,441M	3,516M	5,293M	6,645M	7,995M	6,652M	6,574M	6,094M	5,372M	5,448M	5,329M	3,407M	147M	866M	3,408M	2,822M	2,584M	2,341M	2,037M	2,147M
NOPAT Margin	5.2%	6.5%	5.7%	11.9%	7.9%	9.4%	3.6%	5.1%	6.8%	8.1%	7.1%	7.1%	7.6%	7.1%	7.1%	7.7%	5.6%	0.3%	1.6%	6.1%	5.8%	5.5%	5.3%	4.9%	5.1%
Owner's Earnings	5,806M	4,332M	3,735M	9,383M	17,457M	12,258M	3,768M	8,762M	7,941M	9,963M	9,152M	5,166M	4,022M	2,475M	3,576M	4,882M	-2,685M	-4,615M	-8,599M	-6,015M	-5,051M	-4,631M	-3,804M	-3,052M	-3,356M
Owner's Earnings Margin	4.3%	2.9%	2.6%	6.0%	12.2%	11.0%	3.8%	8.4%	8.1%	10.1%	9.7%	5.6%	5.0%	3.3%	4.7%	7.1%	-4.4%	-9.1%	-16.2%	-10.7%	-10.3%	-9.9%	-8.6%	-7.3%	-7.9%
EPS (Basic)	11.38	12.89	11.62	17.67	27.30	18.76	5.72	7.47	10.82	13.07	10.45	9.70	8.83	8.08	7.75	7.45	4.93	0.31	0.49	4.78	4.38	3.33	3.33	2.89	3.00
EPS (Diluted)	11.38	12.94	12.78	17.67	27.30	18.76	5.72	7.47	10.82	13.12	10.45	9.70	8.83	8.10	7.77	7.49	4.94	0.32	0.51	4.78	4.39	3.34	3.30	2.89	3.00
Shares (Basic)	617M	632M	571M	639M	657M	660M	659M	658M	658M	657M	657M	656M	656M	656M	656M	655M	655M	654M	653M	654M	654M	671M	674M	674M	673M
Shares (Diluted)	617M	632M	571M	639M	657M	660M	659M	658M	658M	657M	657M	656M	656M	656M	656M	655M	655M	654M	653M	654M	654M	671M	674M	674M	673M

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	2004-12-31	2003-12-31	2002-12-31
Cash & Cash Equivalents	19,257.00M	18,085.00M	19,287.00M	17,327.00M	16,870.00M	16,009.00M	13,537.00M	12,036.00M	10,979.00M	9,039.00M	7,880.00M	6,122.00M	7,688.00M	7,664.00M	8,370.00M	7,776.00M	7,432.00M	7,767.00M	7,454.00M	2,393.00M	1,336.00M	1,621.00M	2,128.00M	1,659.00M	2,333.00M
Short-Term Investments	0.00M	3,022.00M	2,565.00M	0.00M	5,164.00M	5,800.00M	5,108.00M	5,955.00M	6,675.00M	7,965.00M	7,065.00M	6,635.00M	5,384.00M	5,559.00M	4,612.00M	3,751.00M	3,262.00M	3,215.00M	3,306.00M	3,622.00M	3,134.00M	2,654.00M	1,832.00M	1,857.00M	1,105.00M
Cash & Short-Term Investments	19,257.00M	21,107.00M	21,852.00M	17,327.00M	22,034.00M	21,809.00M	18,645.00M	17,991.00M	17,654.00M	17,004.00M	14,945.00M	12,757.00M	13,072.00M	13,223.00M	12,982.00M	11,527.00M	10,694.00M	10,982.00M	10,760.00M	6,015.00M	4,470.00M	4,275.00M	3,960.00M	3,516.00M	3,438.00M
Net Receivables	40,861.00M	39,552.00M	42,719.00M	3,978.00M	224.00M	2,167.00M	-1,168.00M	-292.00M	2,455.00M	0.00M	34,991.00M	34,600.00M	29,080.00M	41,073.00M	24,722.00M	3,415.00M	23,290.00M	21,799.00M	20,097.00M	18,517.00M	15,007.00M	16,350.00M	2,684.00M	9,441.00M	7,874.00M
Inventory	23,326.00M	23,537.00M	24,387.00M	23,026.00M	19,746.00M	15,539.00M	14,393.00M	15,259.00M	13,047.00M	12,707.00M	11,841.00M	11,071.00M	11,089.00M	9,585.00M	9,725.00M	9,638.00M	7,766.00M	6,555.00M	7,290.00M	7,349.00M	6,794.00M	6,527.00M	6,467.00M	5,693.00M	5,197.00M
Other Current Assets	9,962.00M	8,948.00M	8,745.00M	49,795.00M	55,370.00M	55,944.00M	54,857.00M	63,171.00M	15,699.00M	5,525.00M	11,134.00M	3,403.00M	3,603.00M	33,501.00M	3,101.00M	24,453.00M	1,401.00M	608.00M	523.00M	2,109.00M	3,134.00M	2,074.00M	13,157.00M	21,462.00M	19,005.00M
Total Current Assets	93,406.00M	93,144.00M	97,703.00M	94,126.00M	97,374.00M	95,459.00M	86,727.00M	96,129.00M	48,855.00M	35,236.00M	72,911.00M	61,831.00M	56,844.00M	97,382.00M	50,530.00M	49,033.00M	43,151.00M	39,944.00M	38,670.00M	33,990.00M	29,405.00M	29,226.00M	26,268.00M	40,112.00M	35,514.00M
Property, Plant & Equipment	89,397.00M	87,558.00M	88,419.00M	78,384.00M	74,946.00M	67,090.00M	63,845.00M	65,854.00M	58,373.00M	54,728.00M	55,749.00M	52,724.00M	47,347.00M	41,027.00M	37,809.00M	11,685.00M	11,427.00M	11,385.00M	11,292.00M	28,121.00M	24,927.00M	11,087.00M	10,724.00M	9,708.00M	8,578.00M
Goodwill	0.00M	1,415.00M	1,529.00M	1,487.00M	1,562.00M	380.00M	379.00M	380.00M	380.00M	380.00M	364.00M	364.00M	364.00M	369.00M	369.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	0.00M	18,054.00M	18,691.00M	18,535.00M	20,214.00M	12,600.00M	11,963.00M	11,349.00M	10,591.00M	9,084.00M	7,793.00M	7,008.00M	6,135.00M	5,810.00M	4,838.00M	5,238.00M	5,031.00M	5,379.00M	5,641.00M	5,670.00M	15,007.00M	4,593.00M	3,758.00M	3,200.00M	2,741.00M
Long-Term Investments	55,765.00M	0.00M	1,652.00M	1,640.00M	-320.00M	2,268.00M	1,856.00M	-683.00M	-2,302.00M	-2,139.00M	-1,254.00M	-1,766.00M	-1,864.00M	-1,761.00M	-1,402.00M	-1,186.00M	-1,006.00M	-1,327.00M	-1,065.00M	1,445.00M	1,277.00M	-740.00M	-1,063.00M	-1,250.00M	-607.00M
Tax Assets	2,428.00M	3,064.00M	3,244.00M	2,431.00M	1,758.00M	2,202.00M	2,459.00M	2,194.00M	1,590.00M	1,927.00M	2,327.00M	1,945.00M	2,061.00M	1,620.00M	2,001.00M	1,926.00M	1,393.00M	1,266.00M	866.00M	720.00M	755.00M	772.00M	296.00M	175.00M	192.00M
Other Non-Current Assets	1,522.00M	56,473.00M	57,810.00M	55,081.00M	56,562.00M	58,814.00M	54,349.00M	58,310.00M	56,810.00M	57,921.00M	56,692.00M	50,068.00M	43,916.00M	39,129.00M	37,721.00M	56,762.00M	48,871.00M	45,306.00M	45,682.00M	20,663.00M	18,243.00M	31,844.00M	9,877.00M	9,042.00M	8,605.00M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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 Non-Current Assets	149,112.00M	166,564.00M	171,345.00M	157,558.00M	154,722.00M	143,354.00M	134,851.00M	137,404.00M	125,442.00M	121,901.00M	121,671.00M	110,343.00M	97,959.00M	86,194.00M	81,336.00M	74,425.00M	65,716.00M	62,009.00M	62,416.00M	56,619.00M	60,209.00M	47,556.00M	23,592.00M	20,875.00M	19,509.00M
Total Assets	242,518.00M	259,708.00M	269,048.00M	251,684.00M	252,096.00M	238,813.00M	221,578.00M	233,533.00M	174,297.00M	157,137.00M	194,582.00M	172,174.00M	154,803.00M	183,576.00M	131,866.00M	123,458.00M	108,867.00M	101,953.00M	101,086.00M	90,609.00M	89,614.00M	76,782.00M	49,860.00M	60,987.00M	55,023.00M
Accounts Payable	13,511.00M	13,510.00M	14,126.00M	13,075.00M	12,044.00M	9,117.00M	7,005.00M	8,276.00M	9,669.00M	8,882.00M	7,810.00M	7,143.00M	7,138.00M	6,983.00M	6,433.00M	5,340.00M	4,351.00M	3,122.00M	2,562.00M	3,516.00M	3,737.00M	3,544.00M	3,376.00M	3,143.00M	3,069.00M
Short-Term Debt	40,735.00M	39,897.00M	27,144.00M	40,049.00M	38,570.00M	39,239.00M	37,860.00M	44,307.00M	26,652.00M	30,070.00M	42,326.00M	42,160.00M	35,552.00M	30,428.00M	18,696.00M	30,380.00M	25,576.00M	26,934.00M	29,887.00M	21,891.00M	17,116.00M	17,838.00M	30,483.00M	27,449.00M	26,262.00M
Tax Payables	0.00M	1,246.00M	1,131.00M	1,401.00M	1,224.00M	921.00M	747.00M	963.00M	2,103.00M	2,058.00M	1,881.00M	2,521.00M	2,519.00M	1,966.00M	2,179.00M	1,363.00M	1,198.00M	836.00M	633.00M	808.00M	567.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	0.00M	22,726.00M	22,102.00M	21,386.00M	2,103.00M	23,710.00M	24,207.00M	23,419.00M	21,344.00M	18,351.00M	19,589.00M	4,467.00M	4,024.00M	2,894.00M	2,758.00M	4,236.00M	3,778.00M	3,125.00M	0.00M	0.00M	0.00M
Other Current Liabilities	26,294.00M	26,600.00M	44,768.00M	28,025.00M	30,296.00M	24,993.00M	24,868.00M	27,584.00M	28,062.00M	25,989.00M	14,406.00M	12,770.00M	15,390.00M	10,558.00M	21,820.00M	10,130.00M	9,009.00M	5,554.00M	5,970.00M	6,937.00M	7,135.00M	6,240.00M	2,395.00M	2,634.00M	2,487.00M
Total Current Liabilities	80,540.00M	81,253.00M	87,169.00M	82,550.00M	82,134.00M	96,996.00M	92,582.00M	102,516.00M	68,589.00M	90,709.00M	90,630.00M	88,013.00M	81,943.00M	68,286.00M	68,717.00M	51,680.00M	44,158.00M	39,340.00M	41,810.00M	37,388.00M	32,333.00M	30,747.00M	36,254.00M	33,226.00M	31,818.00M
Long-Term Debt	67,013.00M	66,447.00M	55,807.00M	43,569.00M	47,271.00M	59,251.00M	64,169.00M	66,659.00M	59,705.00M	48,784.00M	37,687.00M	33,493.00M	37,757.00M	25,074.00M	34,628.00M	37,597.00M	35,833.00M	34,391.00M	30,497.00M	20,516.00M	18,028.00M	16,229.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	0.00M	0.00M	2,553.00M	2,539.00M	2,764.00M	2,420.00M	2,511.00M	2,895.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	3,496.00M	3,262.00M	2,621.00M	2,797.00M	2,765.00M	1,458.00M	509.00M	632.00M	1,806.00M	2,241.00M	2,795.00M	2,116.00M	1,974.00M	3,554.00M	3,040.00M	3,273.00M	2,933.00M	2,769.00M	2,757.00M	2,714.00M	2,758.00M	2,522.00M	2,596.00M	2,501.00M	1,492.00M
Other Non-Current Liabilities	14,274.00M	14,796.00M	24,579.00M	22,545.00M	23,946.00M	5,552.00M	3,892.00M	4,642.00M	13,584.00M	21,104.00M	35,496.00M	30,326.00M	14,858.00M	27,608.00M	12,268.00M	2,911.00M	2,583.00M	2,281.00M	2,201.00M	2,024.00M	1,932.00M	1,659.00M	9,472.00M	8,751.00M	7,666.00M
Total Non-Current Liabilities	84,783.00M	84,505.00M	85,560.00M	71,450.00M	76,746.00M	68,681.00M	71,081.00M	74,828.00M	75,095.00M	72,129.00M	75,978.00M	65,935.00M	54,589.00M	56,236.00M	49,936.00M	43,781.00M	41,349.00M	39,441.00M	35,455.00M	25,254.00M	22,718.00M	20,410.00M	12,068.00M	11,252.00M	9,158.00M
Total Liabilities	165,323.00M	165,758.00M	172,729.00M	154,000.00M	158,880.00M	165,677.00M	163,663.00M	177,344.00M	143,684.00M	162,838.00M	166,608.00M	153,948.00M	136,532.00M	124,522.00M	118,653.00M	95,461.00M	85,507.00M	78,781.00M	77,265.00M	62,642.00M	55,051.00M	51,157.00M	48,322.00M	44,478.00M	40,976.00M
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	0.00M	0.00M	0.00M
Common Stock	616.00M	616.00M	639.00M	639.00M	663.00M	661.00M	660.00M	659.00M	658.00M	658.00M	657.00M	657.00M	656.00M	656.00M	656.00M	655.00M	655.00M	655.00M	654.00M	654.00M	654.00M	674.00M	674.00M	674.00M	674.00M
Retained Earnings	93,566.00M	91,921.00M	92,812.00M	89,072.00M	85,425.00M	71,705.00M	59,550.00M	57,667.00M	56,121.00M	50,815.00M	44,445.00M	41,027.00M	35,621.00M	33,122.00M	28,544.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	-2,798.00M	-3,063.00M	-2,090.00M	-2,071.00M	-117.00M	-325.00M	-1,518.00M	-1,163.00M	-1,338.00M	114.00M	-41.00M	-1,181.00M	-1,062.00M	-356.00M	0.00M	0.00M	0.00M	0.00M	0.00M	22,700.00M	20,032.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	2,201.00M	2,160.00M	2,688.00M	3,327.00M	4,163.00M	766.00M	629.00M	583.00M	529.00M	436.00M	255.00M	234.00M	217.00M	188.00M	107.00M	65.00M	26.00M	13.00M	8.00M	11.00M	4.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	91,384.00M	89,474.00M	91,361.00M	87,640.00M	85,971.00M	72,041.00M	58,692.00M	57,163.00M	55,441.00M	51,587.00M	45,061.00M	40,503.00M	35,215.00M	33,422.00M	29,200.00M	655.00M	655.00M	655.00M	654.00M	23,354.00M	20,686.00M	674.00M	674.00M	674.00M	674.00M
Total Equity	93,585.00M	91,634.00M	94,049.00M	90,967.00M	90,134.00M	72,807.00M	59,321.00M	57,746.00M	55,970.00M	52,023.00M	45,316.00M	40,737.00M	35,432.00M	33,610.00M	29,307.00M	720.00M	681.00M	668.00M	662.00M	23,365.00M	20,690.00M	674.00M	674.00M	674.00M	674.00M
Total Liabilities & Equity	258,908.00M	257,392.00M	266,778.00M	244,967.00M	249,014.00M	238,484.00M	222,984.00M	235,090.00M	199,654.00M	214,861.00M	211,924.00M	194,685.00M	171,964.00M	158,132.00M	147,960.00M	96,181.00M	86,188.00M	79,449.00M	77,927.00M	86,007.00M	75,741.00M	51,831.00M	48,996.00M	45,152.00M	41,650.00M
Tangible Assets	242,518.00M	240,239.00M	248,828.00M	231,662.00M	230,320.00M	225,833.00M	209,236.00M	221,804.00M	163,326.00M	147,673.00M	186,425.00M	164,802.00M	148,304.00M	177,397.00M	126,659.00M	118,220.00M	103,836.00M	96,574.00M	95,445.00M	84,939.00M	74,607.00M	72,189.00M	46,102.00M	57,787.00M	52,282.00M
Tangible Equity	93,585.00M	72,165.00M	73,829.00M	70,945.00M	68,358.00M	59,827.00M	46,979.00M	46,017.00M	44,999.00M	42,559.00M	37,159.00M	33,365.00M	28,933.00M	27,431.00M	24,100.00M	-4,518.00M	-4,350.00M	-4,711.00M	-4,979.00M	17,695.00M	5,683.00M	-3,919.00M	-3,084.00M	-2,526.00M	-2,067.00M
Tangible Book Value	93,585.00M	72,165.00M	73,829.00M	70,945.00M	68,358.00M	59,827.00M	46,979.00M	46,017.00M	44,999.00M	42,559.00M	37,159.00M	33,365.00M	28,933.00M	27,431.00M	24,100.00M	-4,518.00M	-4,350.00M	-4,711.00M	-4,979.00M	17,695.00M	5,683.00M	-3,919.00M	-3,084.00M	-2,526.00M	-2,067.00M
Total Investments	55,765.00M	3,022.00M	2,486.00M	1,640.00M	4,844.00M	8,068.00M	6,964.00M	5,272.00M	4,373.00M	5,826.00M	5,811.00M	4,869.00M	3,520.00M	3,798.00M	3,210.00M	2,565.00M	2,256.00M	1,888.00M	2,241.00M	5,067.00M	1,277.00M	1,914.00M	769.00M	607.00M	498.00M
Net Debt	88,491.00M	88,259.00M	63,664.00M	66,291.00M	68,971.00M	82,481.00M	88,492.00M	98,930.00M	75,378.00M	69,815.00M	72,133.00M	69,531.00M	65,621.00M	47,838.00M	44,954.00M	60,201.00M	53,977.00M	53,558.00M	52,930.00M	40,014.00M	33,808.00M	32,446.00M	28,355.00M	25,790.00M	23,929.00M

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	2004-12-31	2003-12-31	2002-12-31
Working Capital	11,779.0M	11,891.0M	8,698.0M	7,971.0M	7,783.0M	9,707.0M	9,844.0M	8,005.0M	12,629.0M	2,535.0M	-1,125.0M	-3,760.0M	-2,234.0M	2,131.0M	2,083.0M	1,791.0M	3,017.0M	3,025.0M	-617.0M	-1,406.0M	-12.0M	-1,074.0M	7,569.0M	7,374.0M	4,184.0M
Total Capital	201,107.0M	198,134.0M	177,819.0M	161,144.0M	158,686.0M	158,099.0M	148,473.0M	157,984.0M	143,916.0M	132,966.0M	126,747.0M	114,615.0M	100,746.0M	90,835.0M	83,619.0M	95,015.0M	85,427.0M	81,227.0M	80,641.0M	64,140.0M	54,270.0M	51,641.0M	48,000.0M	43,599.0M	40,133.0M
Capital Employed	180,343.0M	178,455.0M	180,043.0M	163,889.0M	162,505.0M	153,061.0M	144,695.0M	145,409.0M	138,071.0M	124,436.0M	120,546.0M	106,583.0M	95,725.0M	88,325.0M	83,419.0M	76,216.0M	68,733.0M	65,034.0M	61,799.0M	55,213.0M	50,502.0M	46,482.0M	31,161.0M	28,249.0M	23,693.0M
Invested Capital	181,850.0M	180,049.0M	158,532.0M	143,817.0M	141,816.0M	142,090.0M	134,936.0M	145,948.0M	132,937.0M	123,927.0M	118,867.0M	108,493.0M	93,058.0M	83,171.0M	75,249.0M	87,239.0M	77,995.0M	73,460.0M	73,187.0M	61,747.0M	52,934.0M	50,020.0M	45,872.0M	41,940.0M	37,800.0M

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	2005-12-31	2004-12-31	2003-12-31	2002-12-31
Net Income	8,898.00M	8,181.00M	7,290.00M	11,290.00M	23,509.00M	16,060.00M	5,222.00M	4,978.00M	7,240.00M	8,706.00M	6,910.00M	6,396.00M	5,817.00M	5,340.00M	5,122.00M	4,907.00M	3,234.00M	210.00M	330.00M	3,134.00M	2,874.00M	2,239.00M	2,222.00M	1,947.00M	2,020.00M
Depreciation & Amortization	8,563.00M	8,736.00M	8,650.00M	8,974.00M	8,566.00M	6,495.00M	6,139.00M	6,017.00M	5,113.00M	4,822.00M	4,998.00M	4,686.00M	4,323.00M	3,830.00M	3,716.00M	3,654.00M	9,242.00M	9,079.00M	10,439.00M	8,387.00M	7,148.00M	6,466.00M	5,544.00M	4,901.00M	4,316.00M
Deferred Income Tax	0.00M	-0.60M	0.00M	0.00M	-0.64M	-2.74M	-658.00M	-1,176.00M	312.00M	-559.00M	85.00M	77.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,002.00M	242.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.60M	0.00M	0.60M	0.64M	2.74M	1.82M	11.98M	10.61M	11.64M	8.44M	7.89M	7.45M	5.00M	5.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	1,131.00M	-5,367.00M	2,197.00M	636.00M	3,005.00M	-1,410.00M	4,049.00M	-7,070.00M	-6,966.00M	-7,036.00M	-8,801.00M	-9,306.00M	-5,627.00M	-4,496.00M	-4,503.00M	-1,615.00M	169.00M	908.00M	411.00M	169.00M	88.00M	923.00M	222.00M	-899.00M	-1,162.00M
Accounts Receivable	-3,295.00M	-5,594.00M	1,379.00M	-187.00M	-939.00M	119.00M	160.00M	14.00M	112.00M	45.00M	-93.00M	-566.00M	379.00M	22.00M	744.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-128.00M	-4,135.00M	-128.00M	-4,135.00M	-115.00M	-563.00M	370.00M	-1,560.00M	-357.00M	-1,293.00M	-749.00M	298.00M	-971.00M	-192.00M	-108.00M	-1,715.00M	-1,170.00M	855.00M	37.00M	-700.00M	-265.00M	187.00M	-865.00M	-640.00M	-810.00M
Accounts Payable	0.00M	4,135.00M	-1,647.00M	1,607.00M	531.00M	1,799.00M	-1,526.00M	429.00M	-328.00M	1,414.00M	738.00M	-25.00M	0.00M	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	5,018.00M	227.00M	946.00M	3,351.00M	3,528.00M	-2,765.00M	5,045.00M	-5,953.00M	-6,609.00M	-5,743.00M	-8,052.00M	-9,604.00M	-4,656.00M	-4,304.00M	-4,395.00M	100.00M	1,339.00M	53.00M	374.00M	869.00M	353.00M	736.00M	1,087.00M	-259.00M	-352.00M
Other Non-Cash Items	-7,166.00M	6,169.00M	-10,571.00M	-3,544.60M	-11,557.00M	-5,242.00M	-1,502.82M	901.02M	-336.00M	-583.00M	66.00M	-816.00M	-1,601.00M	-1,060.00M	741.00M	-1,233.00M	1,006.00M	74.00M	-308.00M	111.00M	-329.00M	1,063.00M	1,323.00M	1,922.00M	2,076.00M
Net Cash from Operating Activities	11,426.00M	5,348.00M	7,566.00M	17,356.00M	23,523.00M	15,903.00M	13,251.00M	3,662.00M	5,051.00M	5,909.00M	3,173.00M	960.00M	2,912.00M	3,614.00M	5,076.00M	5,713.00M	13,651.00M	10,271.00M	10,872.00M	11,794.00M	9,980.00M	10,691.00M	9,311.00M	7,871.00M	7,250.00M
Capital Expenditures (PPE)	-11,383.00M	-12,585.00M	-12,205.00M	-10,881.00M	-9,050.00M	-6,619.00M	-6,150.00M	-6,902.00M	-7,777.00M	-7,112.00M	-5,823.00M	-5,889.00M	-6,099.00M	-6,669.00M	-5,236.00M	-3,679.00M	-15,161.00M	-13,904.00M	-19,368.00M	-17,528.00M	-15,067.00M	-13,336.00M	-11,570.00M	-9,900.00M	-9,692.00M
Acquisitions (Net)	0.00M	116.00M	0.00M	0.00M	3,587.00M	6,619.00M	6,150.00M	6,902.00M	-209.00M	7,112.00M	10.00M	38.00M	0.00M	0.00M	0.00M	-595.00M	55.00M	169.00M	6,017.00M	922.00M	-555.00M	1,000.00M	3,239.00M	2,826.00M	3,409.00M
Purchases of Investments	0.00M	-805.00M	-1,224.00M	-805.00M	-766.00M	-429.00M	-1,101.00M	-2,373.00M	-3,889.00M	-4,183.00M	-3,930.00M	-7,626.00M	-4,315.00M	-3,721.00M	-1,436.00M	-2,616.00M	-2,803.00M	-2,961.00M	-5,534.00M	-2,742.00M	-2,683.00M	-529.00M	-284.00M	-848.00M	-396.00M
Sales / Maturities of Investments	546.00M	1,417.00M	1,847.00M	2,022.00M	1,252.00M	565.00M	3,528.00M	1,909.00M	4,384.00M	5,102.00M	3,880.00M	5,874.00M	4,262.00M	3,387.00M	1,197.00M	1,338.00M	821.00M	635.00M	5,301.00M	2,593.00M	2,787.00M	394.00M	349.00M	87.00M	106.00M
Other Investing Activities	939.00M	127.00M	213.00M	116.00M	205.00M	-6,525.00M	-6,063.00M	-6,820.00M	128.00M	-7,082.00M	10.00M	38.00M	36.00M	22.00M	42.00M	53.00M	2,566.00M	4,733.00M	-5,068.00M	-493.00M	1,848.00M	508.00M	-3,691.00M	-3,396.00M	-3,142.00M
Net Cash from Investing Activities	-9,898.00M	-11,730.00M	-11,369.00M	-9,548.00M	-4,772.00M	-6,389.00M	-3,636.00M	-7,284.00M	-7,363.00M	-6,163.00M	-5,863.00M	-7,603.00M	-6,116.00M	-6,981.00M	-5,433.00M	-5,499.00M	-14,522.00M	-11,328.00M	-18,652.00M	-17,248.00M	-13,670.00M	-11,963.00M	-11,957.00M	-11,231.00M	-9,715.00M
Net Debt Issuance	19,062.00M	6,400.00M	7,843.00M	-1,797.00M	-11,287.00M	-7,173.00M	-7,054.00M	7,017.00M	8,198.00M	7,154.00M	2,477.00M	4,514.00M	2,834.00M	5,182.00M	2,321.00M	814.00M	912.00M	1,760.00M	13,920.00M	5,489.00M	3,995.00M	1,624.00M	2,664.00M	1,738.00M	252.00M
Long-Term Debt Issuance	19,062.00M	6,400.00M	7,843.00M	-1,797.00M	-10,052.00M	-5,344.00M	-6,336.00M	7,017.00M	8,198.00M	7,154.00M	4,109.00M	5,012.00M	3,846.00M	3,370.00M	3,179.00M	566.00M	880.00M	2,015.00M	13,929.00M	5,489.00M	3,995.00M	2,387.00M	2,664.00M	2,186.00M	797.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	-1,235.00M	-1,829.00M	-718.00M	0.00M	0.00M	953.00M	-1,632.00M	-498.00M	-1,012.00M	1,812.00M	-858.00M	248.00M	32.00M	-255.00M	-9.00M	0.00M	583.00M	-549.00M	0.00M	-448.00M	-545.00M
Net Stock Issuance	-1,024.00M	0.00M	-1,024.00M	-1,242.00M	-1,278.00M	103.00M	28.00M	33.00M	25.00M	38.00M	20.00M	23.00M	15.00M	17.00M	19.00M	16.00M	18.00M	13.00M	-10.00M	1,526.00M	-253.00M	-506.00M	865.00M	1,381.00M	2,558.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	85.00M	103.00M	28.00M	33.00M	25.00M	38.00M	20.00M	23.00M	15.00M	17.00M	19.00M	16.00M	18.00M	13.00M	0.00M	0.00M	0.00M	0.00M	0.00M	17.00M	18.00M
Common Stock Repurchased	-1,024.00M	-1,242.00M	-1,024.00M	-1,242.00M	-1,278.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-10.00M	0.00M	-253.00M	-506.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	-85.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,526.00M	0.00M	0.00M	865.00M	1,364.00M	2,540.00M
Net Dividends Paid	-6,430.00M	-9,211.00M	-3,781.00M	-5,430.00M	-3,827.00M	-1,253.00M	-1,671.00M	-2,366.00M	-2,630.00M	-2,324.00M	-2,121.00M	-1,917.00M	-1,715.00M	-1,653.00M	-1,516.00M	-852.00M	-197.00M	-197.00M	-694.00M	-458.00M	-419.00M	-419.00M	-392.00M	-351.00M	-350.00M
Common Dividends Paid	-6,430.00M	-9,211.00M	-3,781.00M	-5,430.00M	-3,827.00M	-1,253.00M	-1,671.00M	-2,366.00M	-2,630.00M	-2,324.00M	-2,121.00M	-1,917.00M	-1,715.00M	-1,653.00M	-1,516.00M	-852.00M	-197.00M	-197.00M	-694.00M	-458.00M	-419.00M	-419.00M	-392.00M	-351.00M	-350.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	25.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-11,586.00M	240.00M	2,728.00M	1,796.00M	-1,592.00M	1,588.00M	418.00M	305.00M	-1,297.00M	-3,296.00M	4,017.00M	2,384.00M	1,999.00M	-843.00M	128.00M	191.00M	-223.00M	-224.00M	-312.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Cash from Financing Activities	22.00M	1,210.00M	5,766.00M	-6,673.00M	-17,984.00M	-6,735.00M	-8,254.00M	4,790.00M	4,296.00M	1,572.00M	4,393.00M	5,004.00M	3,133.00M	2,703.00M	952.00M	87.00M	510.00M	1,352.00M	12,904.00M	6,557.00M	3,323.00M	699.00M	3,137.00M	2,768.00M	2,460.00M
Effect of FX on Cash	-81.00M	-155.00M	-3.00M	-705.00M	104.00M	-307.00M	180.00M	-28.00M	-19.00M	-223.00M	17.00M	73.00M	86.00M	-89.00M	-14.00M	-13.00M	26.00M	18.00M	-63.00M	-46.00M	82.00M	66.00M	-22.00M	-82.00M	-99.00M
Net Change in Cash	1,469.00M	-5,327.00M	1,960.00M	457.00M	861.00M	2,472.00M	1,501.00M	1,057.00M	1,940.00M	1,159.00M	1,758.00M	-1,566.00M	17.00M	-706.00M	594.00M	344.00M	-335.00M	313.00M	5,061.00M	1,057.00M	-285.00M	-507.00M	469.00M	-674.00M	-104.00M
Cash at Beginning of Period	74,842.00M	75,071.00M	17,327.00M	16,870.00M	16,009.00M	13,537.00M	12,036.00M	10,979.00M	9,039.00M	7,880.00M	6,122.00M	7,688.00M	7,671.00M	8,370.00M	7,776.00M	7,432.00M	7,767.00M	7,454.00M	2,393.00M	1,336.00M	1,621.00M	2,128.00M	1,659.00M	2,333.00M	2,437.00M
Cash at End of Period	76,311.00M	69,744.00M	19,287.00M	17,327.00M	16,870.00M	16,009.00M	13,537.00M	12,036.00M	10,979.00M	9,039.00M	7,880.00M	6,122.00M	7,688.00M	7,664.00M	8,370.00M	7,776.00M	7,432.00M	7,767.00M	7,454.00M	2,393.00M	1,336.00M	1,621.00M	2,128.00M	1,659.00M	2,333.00M
Operating Cash Flow	11,426.00M	5,348.00M	7,566.00M	17,356.00M	23,523.00M	15,903.00M	13,251.00M	3,662.00M	5,051.00M	5,909.00M	3,173.00M	960.00M	2,912.00M	3,614.00M	5,076.00M	5,713.00M	13,651.00M	10,271.00M	10,872.00M	11,794.00M	9,980.00M	10,691.00M	9,311.00M	7,871.00M	7,250.00M
Capital Expenditure	-11,383.00M	-12,585.00M	-12,205.00M	-10,881.00M	-9,050.00M	-6,619.00M	-6,150.00M	-6,902.00M	-7,777.00M	-7,112.00M	-5,823.00M	-5,889.00M	-6,099.00M	-6,669.00M	-5,236.00M	-3,679.00M	-15,161.00M	-13,904.00M	-19,368.00M	-17,528.00M	-15,067.00M	-13,336.00M	-11,570.00M	-9,900.00M	-9,692.00M
Free Cash Flow	43.00M	-7,237.00M	-4,639.00M	6,475.00M	14,473.00M	9,284.00M	7,101.00M	-3,240.00M	-2,726.00M	-1,203.00M	-2,650.00M	-4,929.00M	-3,187.00M	-3,055.00M	-160.00M	2,034.00M	-1,510.00M	-3,633.00M	-8,496.00M	-5,734.00M	-5,087.00M	-2,645.00M	-2,259.00M	-2,029.00M	-2,442.00M

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	2004-12-31	2003-12-31	2002-12-31
EBITDA	14,741.00M	22,695.00M	20,232.00M	27,638.00M	15,894.00M	12,949.00M	4,651.00M	13,026.00M	10,709.00M	12,721.00M	12,511.00M	9,016.00M	9,301.00M	7,731.00M	8,210.00M	12,022.00M	14,628.00M	9,364.00M	11,119.00M	12,399.00M	10,971.00M	9,904.00M	8,828.00M	7,744.00M	7,451.00M
(-) Tax Adjustment	4,216.69M	6,839.66M	6,072.74M	7,971.63M	3,331.05M	2,900.22M	1,215.74M	3,916.22M	2,809.54M	2,326.91M	3,566.25M	2,764.23M	3,087.16M	2,513.82M	2,831.87M	4,031.76M	4,845.75M	3,277.40M	665.24M	2,365.83M	3,325.35M	3,157.71M	3,089.80M	2,710.40M	2,607.85M
(-) Change In Working Capital	1,131.00M	-5,367.00M	2,197.00M	636.00M	3,005.00M	-1,410.00M	4,049.00M	-7,070.00M	-6,966.00M	-7,036.00M	-8,801.00M	-9,306.00M	-5,627.00M	-4,496.00M	-4,503.00M	-1,615.00M	169.00M	908.00M	411.00M	169.00M	88.00M	923.00M	222.00M	-899.00M	-1,162.00M
(-) Capital Expenditure	-11,383.00M	-12,585.00M	-12,205.00M	-10,881.00M	-9,050.00M	-6,619.00M	-6,150.00M	-6,902.00M	-7,777.00M	-7,112.00M	-5,823.00M	-5,889.00M	-6,099.00M	-6,669.00M	-5,236.00M	-3,679.00M	-15,161.00M	-13,904.00M	-19,368.00M	-17,528.00M	-15,067.00M	-13,336.00M	-11,570.00M	-9,900.00M	-9,692.00M
Unlevered Free Cash Flow	-1,989.69M	8,637.34M	-242.74M	8,149.37M	507.95M	4,839.78M	-6,763.74M	9,277.78M	7,088.46M	10,318.09M	11,922.75M	9,668.77M	5,741.84M	3,044.18M	4,645.13M	5,926.24M	-5,547.75M	-8,725.40M	-9,325.24M	-7,663.83M	-7,509.35M	-7,512.71M	-6,053.80M	-3,967.40M	-3,686.85M
(-) Net Interest Income After Taxes	11.42M	-28.64M	57.39M	32.02M	531.95M	-23.28M	-252.60M	-223.79M	8.11M	-172.40M	-209.48M	-300.25M	-213.12M	-188.28M	11.14M	-1.99M	-28.09M	73.45M	154.19M	50.17M	-41.81M	-164.84M	-124.15M	-96.20M	-135.20M
Net Debt Issuance	19,062.00M	6,400.00M	7,843.00M	-1,797.00M	-11,287.00M	-7,173.00M	-7,054.00M	7,017.00M	8,198.00M	7,154.00M	2,477.00M	4,514.00M	2,834.00M	5,182.00M	2,321.00M	814.00M	912.00M	1,760.00M	13,920.00M	5,489.00M	3,995.00M	1,624.00M	2,664.00M	1,738.00M	252.00M
Levered Free Cash Flow	17,060.89M	15,065.98M	7,542.88M	6,320.35M	-11,311.01M	-2,309.94M	-13,565.14M	16,518.58M	15,278.34M	17,644.49M	14,609.23M	14,483.02M	8,788.96M	8,414.46M	6,955.00M	6,742.24M	-4,607.67M	-7,038.85M	4,440.57M	-2,225.00M	-3,472.54M	-5,723.87M	-3,265.65M	-2,133.20M	-3,299.65M