Citigroup Inc. (C-PJ)

Industry: Banks - Diversified Sector: Financial Services Currency Used: US Live Price: $25.08

Enterprise Value

Metric	MRQ	MRQ-1	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Stock Price	101.50	85.12	85.87	64.97	46.38	46.57	68.52	49.50	71.02	64.60	68.46	47.70	52.03	50.16	48.17	34.07	34.44	41.13	34.13	163.50	449.48	502.13	463.05	476.25	428.25	373.10	456.01	468.41	341.51	249.32	208.10	119.85
Market Capitalization	184,760.45M	157,974.21M	158,708.29M	123,483.35M	89,490.69M	90,722.70M	139,451.86M	103,213.69M	159,368.82M	161,412.28M	184,426.24M	137,428.21M	156,313.48M	152,044.03M	146,205.68M	99,859.16M	100,190.55M	117,978.89M	41,411.94M	85,746.76M	220,352.60M	245,328.82M	234,100.47M	243,217.83M	218,118.62M	189,625.79M	229,419.65M	227,345.37M	151,804.60M	69,404.04M	47,575.11M	20,042.01M
(-) Cash & Equivalents	348,060.00M	337,473.00M	331,288.00M	274,622.50M	285,196.50M	299,437.25M	302,440.25M	307,250.75M	205,874.50M	197,749.25M	183,188.00M	156,226.50M	150,658.00M	183,181.50M	191,977.25M	185,463.00M	187,041.25M	185,378.50M	209,289.00M	139,551.00M	93,842.50M	60,082.00M	57,192.75M	48,428.75M	41,655.75M	33,101.00M	35,258.25M	27,683.50M	25,801.75M	10,013.75M	7,827.25M	1,986.75M
(+) Total Debt	720,242.00M	721,234.00M	730,086.00M	612,592.75M	582,601.50M	502,388.50M	499,054.25M	524,417.75M	470,421.75M	446,185.50M	417,226.75M	385,048.75M	403,407.00M	465,505.25M	495,761.50M	550,675.75M	617,937.75M	690,494.75M	617,506.50M	764,686.75M	898,504.50M	632,678.50M	514,525.00M	459,471.75M	379,865.25M	332,148.75M	332,797.50M	233,648.50M	191,229.25M	198,694.00M	86,021.00M	63,519.50M
Enterprise Value	556,942.45M	541,735.21M	557,506.29M	461,453.60M	386,895.69M	293,673.95M	336,065.86M	320,380.69M	423,916.07M	409,848.53M	418,464.99M	366,250.46M	409,062.48M	434,367.78M	449,989.93M	465,071.91M	531,087.05M	623,095.14M	449,629.44M	710,882.51M	1,025,014.60M	817,925.32M	691,432.72M	654,260.83M	556,328.12M	488,673.54M	526,958.90M	433,310.37M	317,232.10M	258,084.29M	125,768.86M	81,574.76M

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	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Revenue	168,347M	171,114M	170,707M	155,382M	100,220M	79,868M	88,832M	103,449M	97,120M	88,962M	83,309M	88,275M	90,909M	92,901M	89,802M	101,540M	111,697M	108,187M	104,847M	153,258M	142,010M	120,318M	101,639M	94,713M	92,556M	99,160M	100,031M	94,396M	85,925M	72,306M	65,101M	27,267M
Cost of Revenue	94,013M	101,770M	99,587M	87,481M	30,852M	4,090M	30,713M	36,692M	31,733M	23,860M	19,290M	19,103M	20,356M	23,861M	31,054M	35,596M	50,173M	66,906M	86,061M	92,940M	62,253M	44,855M	28,237M	25,317M	31,243M	38,593M	41,798M	33,434M	34,953M	26,721M	23,536M	9,549M
Gross Profit	74,334M	69,344M	71,120M	67,901M	69,368M	75,778M	58,119M	66,757M	65,387M	65,102M	64,019M	69,172M	70,553M	69,040M	58,748M	65,944M	61,524M	41,281M	18,786M	60,318M	79,757M	75,463M	73,402M	69,396M	61,313M	60,567M	58,233M	60,962M	50,972M	45,585M	41,565M	17,718M
Gross Profit Margin	44.2%	40.5%	41.7%	43.7%	69.2%	94.9%	65.4%	64.5%	67.3%	73.2%	76.8%	78.4%	77.6%	74.3%	65.4%	64.9%	55.1%	38.2%	17.9%	39.4%	56.2%	62.7%	72.2%	73.3%	66.2%	61.1%	58.2%	64.6%	59.3%	63.0%	63.8%	65.0%
R&D Expenses	2,325M	0M	0M	0M	0M	0M	0M	0M	0M	0M	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	32,854M	29,765M	29,745M	30,712M	28,305M	26,740M	23,544M	23,022M	22,800M	22,898M	22,806M	24,047M	26,604M	26,685M	28,170M	28,854M	27,040M	27,660M	34,687M	36,369M	33,190M	29,172M	26,471M	25,183M	22,128M	22,969M	21,760M	25,289M	23,142M	20,656M	19,394M	10,166M
Operating Expenses	54,515M	58,203M	54,074M	54,991M	50,561M	48,309M	44,487M	42,856M	41,942M	42,341M	42,542M	44,346M	55,852M	49,238M	50,923M	51,222M	48,340M	49,080M	71,141M	59,672M	51,268M	46,030M	50,666M	43,348M	40,867M	40,135M	38,975M	43,062M	40,115M	35,047M	30,525M	14,398M
Operating Income (EBIT)	19,819M	11,141M	17,046M	12,910M	18,807M	27,469M	13,632M	23,901M	23,445M	22,761M	21,477M	24,826M	14,701M	19,802M	7,825M	14,722M	13,184M	-7,799M	-52,355M	646M	28,489M	29,433M	22,736M	26,048M	20,446M	20,432M	19,258M	17,900M	10,857M	10,538M	11,040M	3,320M
Operating Income Margin	11.8%	6.5%	10.0%	8.3%	18.8%	34.4%	15.3%	23.1%	24.1%	25.6%	25.8%	28.1%	16.2%	21.3%	8.7%	14.5%	11.8%	-7.2%	-49.9%	0.4%	20.1%	24.5%	22.4%	27.5%	22.1%	20.6%	19.3%	19.0%	12.6%	14.6%	17.0%	12.2%
Interest Income	141,262M	145,045M	143,713M	133,258M	74,408M	50,475M	58,089M	76,510M	70,828M	61,579M	57,988M	58,551M	61,683M	62,970M	67,298M	71,858M	79,282M	76,398M	106,499M	121,347M	93,611M	75,922M	63,621M	57,047M	58,939M	64,484M	62,749M	54,989M	54,536M	42,101M	37,798M	13,045M
Interest Expense	83,402M	90,859M	89,618M	78,358M	25,740M	7,981M	13,338M	28,382M	24,266M	16,518M	12,512M	11,921M	13,690M	16,177M	20,612M	24,209M	25,096M	27,902M	52,750M	75,958M	55,683M	36,676M	22,004M	17,271M	21,248M	31,793M	36,459M	28,674M	30,692M	24,524M	21,336M	9,378M
Net Interest Income	57,860M	54,186M	54,095M	54,900M	48,668M	42,494M	44,751M	48,128M	46,562M	45,061M	45,476M	46,630M	47,993M	46,793M	46,686M	47,649M	54,186M	48,496M	53,749M	45,389M	37,928M	39,246M	41,617M	39,776M	37,691M	32,691M	26,290M	26,315M	23,844M	17,577M	16,462M	3,667M
Unusual Items	-57,860M	-54,186M	-54,095M	-54,900M	-48,668M	-42,494M	-44,751M	-48,128M	-46,562M	-45,061M	-45,476M	-46,630M	-47,993M	-46,793M	-46,686M	-47,649M	-54,186M	-48,496M	-53,749M	-45,389M	-37,928M	-39,246M	-41,617M	-39,776M	-37,691M	-32,691M	-26,290M	-26,315M	-23,844M	-17,577M	-16,462M	-3,667M
EBT Excluding Unusual Items	77,679M	65,327M	71,141M	67,810M	67,475M	69,963M	58,383M	72,029M	70,007M	67,822M	66,953M	71,456M	62,694M	66,595M	54,511M	62,371M	67,370M	40,697M	1,394M	46,035M	66,417M	68,679M	64,353M	65,824M	58,137M	53,123M	45,548M	44,215M	34,701M	28,115M	27,502M	6,987M
Pre-Tax Income	19,819M	11,141M	17,046M	12,910M	18,807M	27,469M	13,632M	23,901M	23,445M	22,761M	21,477M	24,826M	14,701M	19,802M	7,825M	14,722M	13,184M	-7,799M	-52,355M	646M	28,489M	29,433M	22,736M	26,048M	20,446M	20,432M	19,258M	17,900M	10,857M	10,538M	11,040M	3,320M
Pre-Tax Margin	11.8%	6.5%	10.0%	8.3%	18.8%	34.4%	15.3%	23.1%	24.1%	25.6%	25.8%	28.1%	16.2%	21.3%	8.7%	14.5%	11.8%	-7.2%	-49.9%	0.4%	20.1%	24.5%	22.4%	27.5%	22.1%	20.6%	19.3%	19.0%	12.6%	14.6%	17.0%	12.2%
Income Tax Expense	4,997M	3,003M	4,211M	3,528M	3,642M	5,451M	2,525M	4,430M	5,357M	29,388M	6,444M	7,440M	7,197M	6,186M	7M	3,575M	2,233M	-6,733M	-20,326M	-2,546M	7,749M	9,078M	6,464M	8,195M	6,998M	7,203M	7,027M	6,530M	3,907M	3,833M	3,967M	1,179M
Net Income	14,691M	7,987M	12,682M	9,228M	14,845M	21,952M	11,047M	19,401M	18,045M	-6,798M	14,912M	17,242M	7,310M	13,659M	7,407M	11,067M	10,602M	-1,606M	-27,684M	3,617M	21,538M	24,589M	17,046M	17,853M	15,276M	14,126M	13,519M	11,243M	6,950M	6,705M	6,739M	2,291M
Net Income Margin	8.7%	4.7%	7.4%	5.9%	14.8%	27.5%	12.4%	18.8%	18.6%	-7.6%	17.9%	19.5%	8.0%	14.7%	8.2%	10.9%	9.5%	-1.5%	-26.4%	2.4%	15.2%	20.4%	16.8%	18.8%	16.5%	14.2%	13.5%	11.9%	8.1%	9.3%	10.4%	8.4%
Depreciation & Amortization	3,166M	4,464M	4,311M	4,560M	4,262M	3,964M	3,937M	3,905M	3,754M	3,659M	3,720M	3,506M	3,589M	3,303M	2,507M	2,872M	2,664M	2,853M	2,466M	2,421M	2,503M	2,318M	2,056M	2,120M	1,926M	4,479M	4,324M	3,839M	3,319M	2,642M	2,374M	416M
EBITDA	22,985M	15,605M	21,357M	17,470M	23,069M	31,433M	17,569M	27,806M	27,199M	26,420M	25,197M	28,332M	18,290M	23,105M	10,332M	17,594M	15,848M	-4,946M	-49,889M	3,067M	30,992M	31,751M	24,792M	28,168M	22,372M	24,911M	23,582M	21,739M	14,176M	13,180M	13,414M	3,736M
EBITDA Margin	13.7%	9.1%	12.5%	11.2%	23.0%	39.4%	19.8%	26.9%	28.0%	29.7%	30.2%	32.1%	20.1%	24.9%	11.5%	17.3%	14.2%	-4.6%	-47.6%	2.0%	21.8%	26.4%	24.4%	29.7%	24.2%	25.1%	23.6%	23.0%	16.5%	18.2%	20.6%	13.7%
NOPAT	14,822M	8,138M	12,835M	9,382M	15,165M	22,018M	11,107M	19,471M	18,088M	-6,627M	15,033M	17,386M	7,504M	13,616M	7,818M	11,147M	10,951M	-6,161M	-41,360M	3,192M	20,740M	20,355M	16,272M	17,853M	13,448M	13,229M	12,231M	11,370M	6,950M	6,705M	7,073M	2,141M
NOPAT Margin	8.8%	4.8%	7.5%	6.0%	15.1%	27.6%	12.5%	18.8%	18.6%	-7.4%	18.0%	19.7%	8.3%	14.7%	8.7%	11.0%	9.8%	-5.7%	-39.4%	2.1%	14.6%	16.9%	16.0%	18.8%	14.5%	13.3%	12.2%	12.0%	8.1%	9.3%	10.9%	7.9%
Owner's Earnings	12,897M	5,874M	10,493M	7,205M	13,475M	21,797M	11,538M	17,970M	18,025M	-6,500M	15,876M	17,550M	7,513M	13,472M	6,310M	10,491M	10,903M	-1,017M	-28,998M	2,035M	20,006M	23,183M	16,091M	17,619M	15,825M	16,831M	15,594M	13,332M	8,134M	7,814M	3,357M	2,707M
Owner's Earnings Margin	7.7%	3.4%	6.1%	4.6%	13.4%	27.3%	13.0%	17.4%	18.6%	-7.3%	19.1%	19.9%	8.3%	14.5%	7.0%	10.3%	9.8%	-0.9%	-27.7%	1.3%	14.1%	19.3%	15.8%	18.6%	17.1%	17.0%	15.6%	14.1%	9.5%	10.8%	5.2%	9.9%
EPS (Basic)	7.24	3.51	6.03	4.07	7.04	10.21	4.75	8.08	6.69	-2.98	4.74	5.43	2.21	4.26	2.51	3.73	3.65	-8.00	-56.30	6.80	43.90	48.40	33.20	34.90	29.90	27.90	26.90	22.30	13.50	29.68	12.65	9.20
EPS (Diluted)	7.73	4.14	6.67	4.72	7.56	10.71	5.26	8.56	7.23	-2.52	5.16	5.73	2.41	4.49	2.46	3.69	3.57	-1.33	-47.99	7.35	43.20	47.65	32.73	34.38	29.57	27.45	26.39	21.93	13.51	29.00	28.79	12.02
Shares (Basic)	1,861M	1,907M	1,901M	1,930M	1,947M	2,033M	2,086M	2,249M	2,493M	2,699M	2,888M	3,004M	3,032M	3,036M	2,931M	2,910M	2,878M	1,157M	527M	491M	489M	507M	511M	509M	508M	503M	498M	498M	500M	226M	220M	190M
Shares (Diluted)	1,902M	1,931M	1,901M	1,956M	1,964M	2,049M	2,099M	2,265M	2,495M	2,699M	2,888M	3,008M	3,037M	3,042M	3,016M	2,999M	2,968M	1,210M	577M	492M	499M	516M	521M	519M	517M	515M	512M	513M	514M	231M	234M	191M

Product Segments

Metric	TTM	TTM-1	2023-12-31	2022-12-31	2021-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Banking Segment	3,518.00M	—	4,568.00M	—	—	—	—	—	—	—	—	—	—
Brokerage Commissions	—	—	—	—	639.00M	—	—	—	—	—	—	—	—
Brokerage and Asset Management	—	—	—	—	—	—	—	—	—	—	5.00M	-11.00M	-37.00M
Citicorp Segment and Corporate and Other	—	—	—	—	—	—	66,023.00M	68,517.00M	71,067.00M	71,824.00M	—	—	—
Commissions And Fees	2,538.00M	—	—	11,008.00M	—	—	—	—	—	—	—	—	—
Global Consumer Banking	—	—	—	201.00M	—	32,697.00M	31,763.00M	33,862.00M	37,753.00M	38,169.00M	40,214.00M	32,585.00M	—
Institutional Clients Group	108.00M	41,786.00M	—	538.00M	—	35,667.00M	33,850.00M	33,748.00M	33,267.00M	33,578.00M	30,600.00M	31,986.00M	33,118.00M
Insurance Distribution Revenue	—	—	—	—	260.00M	—	—	—	—	—	—	—	—
Markets	10,696.00M	—	18,857.00M	—	—	—	—	—	—	—	—	—	—
Personal Banking and Wealth Management	4,168.00M	25,808.00M	7,091.00M	—	—	—	—	—	—	—	—	—	—
Services	10,090.00M	—	18,050.00M	—	—	—	—	—	—	—	—	—	—
U.S. Personal Banking	10,164.00M	—	19,187.00M	—	—	—	—	—	—	—	—	—	—

Geographic Segments

Metric	TTM	TTM-1	2023-12-31	2022-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31
Asia	7,300.00M	14,000.00M	—	14,700.00M	14,400.00M	13,800.00M	13,000.00M	14,700.00M	15,000.00M	15,000.00M	15,200.00M
EMEA	5,100.00M	10,800.00M	7,600.00M	14,900.00M	10,700.00M	10,000.00M	10,800.00M	10,900.00M	11,400.00M	11,500.00M	12,200.00M
Latin America	4,800.00M	9,100.00M	—	9,900.00M	9,400.00M	9,000.00M	11,200.00M	13,400.00M	14,000.00M	14,500.00M	13,600.00M
North America	17,100.00M	33,400.00M	36,661.00M	34,400.00M	33,900.00M	32,800.00M	32,600.00M	32,000.00M	31,300.00M	29,800.00M	23,600.00M

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	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cash & Cash Equivalents	348,060.00M	337,473.00M	276,532.00M	260,932.00M	342,025.00M	262,033.00M	309,615.00M	193,919.00M	188,105.00M	180,516.00M	160,494.00M	133,097.00M	160,197.00M	198,890.00M	138,587.00M	184,485.00M	190,409.00M	192,886.00M	199,584.00M	107,572.00M	69,036.00M	55,277.00M	47,445.00M	40,926.00M	33,708.00M	37,731.00M	30,785.00M	28,244.00M	25,480.00M	25,667.00M	3,260.00M	1,866.00M
Short-Term Investments	324,515.00M	225,730.00M	221,487.00M	245,068.00M	238,746.00M	279,296.00M	329,163.00M	271,544.00M	278,749.00M	281,421.00M	291,185.00M	288,438.00M	286,335.00M	264,253.00M	288,695.00M	265,204.00M	274,079.00M	239,599.00M	175,189.00M	193,113.00M	258,124.00M	163,385.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	672,575.00M	563,203.00M	498,019.00M	506,000.00M	580,771.00M	541,329.00M	638,778.00M	465,463.00M	466,854.00M	461,937.00M	451,679.00M	421,535.00M	446,532.00M	463,143.00M	427,282.00M	449,689.00M	464,488.00M	432,485.00M	374,773.00M	300,685.00M	327,160.00M	218,662.00M	47,445.00M	40,926.00M	33,708.00M	37,731.00M	30,785.00M	28,244.00M	25,480.00M	25,667.00M	3,260.00M	1,866.00M
Net Receivables	75,992.00M	64,259.00M	51,116.00M	54,190.00M	54,546.00M	54,795.00M	45,544.00M	41,242.00M	36,982.00M	40,120.00M	30,737.00M	30,128.00M	31,142.00M	28,617.00M	25,286.00M	30,327.00M	33,824.00M	36,568.00M	47,939.00M	65,556.00M	54,273.00M	52,818.00M	39,273.00M	26,476.00M	25,358.00M	35,155.00M	25,696.00M	22,219.00M	21,413.00M	15,627.00M	24,346.00M	23,676.00M
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	0.00M	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 Current 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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Current Assets	748,567.00M	627,462.00M	549,135.00M	560,190.00M	635,317.00M	596,124.00M	684,322.00M	506,705.00M	503,836.00M	502,057.00M	482,416.00M	451,663.00M	477,674.00M	491,760.00M	452,568.00M	480,016.00M	498,312.00M	469,053.00M	422,712.00M	366,241.00M	381,433.00M	271,480.00M	86,718.00M	67,402.00M	59,066.00M	72,886.00M	56,481.00M	50,463.00M	46,893.00M	41,294.00M	27,606.00M	25,542.00M
Property, Plant & Equipment	32,819.00M	32,312.00M	30,192.00M	28,747.00M	26,253.00M	24,328.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Goodwill	19,126.00M	19,878.00M	19,300.00M	20,098.00M	19,691.00M	21,299.00M	22,162.00M	22,126.00M	22,046.00M	22,256.00M	21,659.00M	22,349.00M	23,592.00M	25,009.00M	25,673.00M	25,413.00M	26,152.00M	25,392.00M	27,132.00M	41,053.00M	33,415.00M	33,130.00M	31,992.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	4,330.00M	4,409.00M	4,494.00M	4,421.00M	4,428.00M	4,495.00M	4,747.00M	4,822.00M	5,220.00M	5,146.00M	6,678.00M	5,502.00M	6,411.00M	7,774.00M	7,639.00M	9,169.00M	12,058.00M	15,244.00M	19,816.00M	22,687.00M	15,901.00M	14,749.00M	15,271.00M	26,476.00M	25,358.00M	35,155.00M	0.00M	0.00M	0.00M	15,627.00M	24,346.00M	23,676.00M
Long-Term Investments	919,404.00M	919,527.00M	925,420.00M	933,184.00M	916,796.00M	873,697.00M	761,917.00M	771,690.00M	739,947.00M	713,884.00M	663,496.00M	698,919.00M	744,675.00M	728,278.00M	725,856.00M	724,512.00M	723,412.00M	708,915.00M	868,446.00M	941,375.00M	807,197.00M	694,975.00M	750,803.00M	648,255.00M	606,217.00M	542,682.00M	478,183.00M	422,100.00M	320,517.00M	284,102.00M	56,509.00M	34,708.00M
Tax 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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	918,229.00M	1,019,184.00M	824,404.00M	865,194.00M	814,191.00M	771,470.00M	786,942.00M	645,815.00M	646,334.00M	599,122.00M	617,828.00M	552,777.00M	589,829.00M	627,561.00M	652,924.00M	634,768.00M	653,968.00M	638,042.00M	600,364.00M	816,124.00M	646,372.00M	479,703.00M	599,317.00M	506,913.00M	396,837.00M	403,018.00M	367,546.00M	323,021.00M	301,231.00M	368,542.00M	258,773.00M	52,297.00M
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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	1,893,908.00M	1,995,310.00M	1,803,810.00M	1,851,644.00M	1,781,359.00M	1,695,289.00M	1,575,768.00M	1,444,453.00M	1,413,547.00M	1,340,408.00M	1,309,661.00M	1,279,547.00M	1,364,507.00M	1,388,622.00M	1,412,092.00M	1,393,862.00M	1,415,590.00M	1,387,593.00M	1,515,758.00M	1,821,239.00M	1,502,885.00M	1,222,557.00M	1,397,383.00M	1,181,644.00M	1,028,412.00M	980,855.00M	845,729.00M	745,121.00M	621,748.00M	668,271.00M	339,628.00M	110,681.00M
Total Assets	2,642,475.00M	2,622,772.00M	2,352,945.00M	2,411,834.00M	2,416,676.00M	2,291,413.00M	2,260,090.00M	1,951,158.00M	1,917,383.00M	1,842,465.00M	1,792,077.00M	1,731,210.00M	1,842,181.00M	1,880,382.00M	1,864,660.00M	1,873,878.00M	1,913,902.00M	1,856,646.00M	1,938,470.00M	2,187,480.00M	1,884,318.00M	1,494,037.00M	1,484,101.00M	1,249,046.00M	1,087,478.00M	1,053,741.00M	902,210.00M	795,584.00M	668,641.00M	709,565.00M	367,234.00M	136,223.00M
Accounts Payable	89,596.00M	90,949.00M	66,601.00M	63,539.00M	69,218.00M	61,430.00M	50,484.00M	48,601.00M	64,571.00M	61,342.00M	57,152.00M	53,722.00M	52,180.00M	53,707.00M	57,013.00M	56,696.00M	51,749.00M	60,846.00M	70,916.00M	84,951.00M	85,119.00M	70,994.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt	404,396.00M	403,473.00M	303,260.00M	315,564.00M	249,540.00M	219,258.00M	229,039.00M	211,388.00M	210,114.00M	200,729.00M	172,522.00M	167,575.00M	231,773.00M	262,456.00M	263,263.00M	252,814.00M	268,348.00M	223,160.00M	331,984.00M	450,731.00M	450,068.00M	309,322.00M	266,322.00M	239,785.00M	214,625.00M	177,972.00M	162,300.00M	136,930.00M	97,137.00M	146,131.00M	115,149.00M	26,650.00M
Tax Payables	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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 Revenue	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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 Current Liabilities	1,544,262.00M	1,521,685.00M	1,418,304.00M	1,464,026.00M	1,536,601.00M	1,478,759.00M	1,448,698.00M	1,190,484.00M	1,157,475.00M	1,084,992.00M	1,068,451.00M	1,025,399.00M	970,276.00M	1,029,781.00M	994,358.00M	935,745.00M	914,292.00M	909,309.00M	824,878.00M	904,771.00M	783,124.00M	651,608.00M	562,081.00M	474,015.00M	430,895.00M	374,525.00M	300,586.00M	261,573.00M	228,649.00M	199,121.00M	0.00M	0.00M
Total Current Liabilities	2,038,254.00M	2,016,107.00M	1,788,165.00M	1,843,129.00M	1,855,359.00M	1,759,447.00M	1,728,221.00M	1,450,473.00M	1,432,160.00M	1,347,063.00M	1,298,125.00M	1,246,696.00M	1,254,229.00M	1,345,944.00M	1,314,634.00M	1,245,255.00M	1,234,389.00M	1,193,315.00M	1,227,778.00M	1,440,453.00M	1,318,311.00M	1,031,924.00M	828,403.00M	713,800.00M	645,520.00M	552,497.00M	462,886.00M	398,503.00M	325,786.00M	345,252.00M	115,149.00M	26,650.00M
Long-Term Debt	315,846.00M	317,761.00M	287,300.00M	286,619.00M	271,606.00M	254,374.00M	271,686.00M	248,760.00M	231,999.00M	236,709.00M	206,178.00M	201,275.00M	223,080.00M	221,116.00M	239,463.00M	323,505.00M	381,183.00M	364,019.00M	359,593.00M	427,112.00M	288,494.00M	217,499.00M	207,910.00M	168,759.00M	133,079.00M	143,560.00M	134,925.00M	107,120.00M	48,671.00M	58,851.00M	24,696.00M	9,190.00M
Capital Lease Obligations	0.00M	0.00M	0.00M	2,974.00M	2,372.00M	2,353.00M	2,781.00M	2,539.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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-Current Liabilities	74,498.00M	74,774.00M	68,114.00M	75,835.00M	87,873.00M	74,920.00M	59,983.00M	57,979.00M	56,150.00M	57,021.00M	61,631.00M	60,147.00M	153,176.00M	107,189.00M	119,566.00M	125,545.00M	132,541.00M	144,339.00M	207,077.00M	206,468.00M	157,730.00M	132,077.00M	338,497.00M	283,459.00M	232,273.00M	274,146.00M	238,193.00M	231,671.00M	247,016.00M	248,155.00M	185,367.00M	66,757.00M
Total Non-Current Liabilities	390,344.00M	392,535.00M	355,414.00M	365,428.00M	361,851.00M	331,647.00M	334,450.00M	309,278.00M	288,149.00M	293,730.00M	267,809.00M	261,422.00M	376,256.00M	328,305.00M	359,029.00M	449,050.00M	513,724.00M	508,358.00M	566,670.00M	633,580.00M	446,224.00M	349,576.00M	546,407.00M	452,218.00M	365,352.00M	417,706.00M	373,118.00M	338,791.00M	295,687.00M	307,006.00M	210,063.00M	75,947.00M
Total Liabilities	2,428,598.00M	2,408,642.00M	2,143,579.00M	2,208,557.00M	2,217,210.00M	2,091,094.00M	2,062,671.00M	1,759,751.00M	1,720,309.00M	1,640,793.00M	1,565,934.00M	1,508,118.00M	1,630,485.00M	1,674,249.00M	1,673,663.00M	1,694,305.00M	1,748,113.00M	1,701,673.00M	1,794,448.00M	2,074,033.00M	1,764,535.00M	1,381,500.00M	1,374,810.00M	1,166,018.00M	1,010,872.00M	970,203.00M	836,004.00M	737,294.00M	621,473.00M	652,258.00M	325,212.00M	102,597.00M
Preferred Stock	19,050.00M	16,350.00M	17,850.00M	17,600.00M	18,995.00M	18,995.00M	19,480.00M	17,980.00M	18,460.00M	19,253.00M	19,253.00M	16,718.00M	10,468.00M	6,738.00M	2,562.00M	312.00M	312.00M	312.00M	70,664.00M	0.00M	1,000.00M	1,125.00M	1,125.00M	1,125.00M	1,400.00M	1,525.00M	1,745.00M	1,895.00M	2,453.00M	3,353.00M	1,674.00M	1,035.00M
Common Stock	31.00M	31.00M	31.00M	31.00M	31.00M	31.00M	31.00M	31.00M	31.00M	31.00M	31.00M	31.00M	31.00M	31.00M	30.00M	29.00M	29.00M	286.00M	57.00M	55.00M	55.00M	55.00M	55.00M	55.00M	55.00M	55.00M	54.00M	54.00M	0.00M	0.00M	0.00M	0.00M
Retained Earnings	214,034.00M	211,674.00M	206,294.00M	198,905.00M	194,734.00M	184,948.00M	168,272.00M	165,369.00M	151,347.00M	138,425.00M	146,477.00M	133,841.00M	117,852.00M	111,168.00M	97,809.00M	90,520.00M	79,559.00M	77,440.00M	86,521.00M	121,769.00M	129,267.00M	117,555.00M	102,154.00M	93,483.00M	81,403.00M	69,803.00M	58,862.00M	47,997.00M	35,971.00M	32,002.00M	12,934.00M	5,503.00M
Accumulated OCI	-44,170.00M	-43,786.00M	-47,852.00M	-44,800.00M	-47,062.00M	-38,765.00M	-32,058.00M	-36,318.00M	-37,170.00M	-34,668.00M	-32,381.00M	-29,344.00M	-23,216.00M	-19,133.00M	-16,896.00M	-17,788.00M	-16,277.00M	-18,937.00M	-25,195.00M	-4,660.00M	-3,700.00M	-2,532.00M	-2,250.00M	-2,656.00M	-1,884.00M	-2,233.00M	-746.00M	699.00M	0.00M	1,157.00M	469.00M	453.00M
Minority Interest	854.00M	908.00M	768.00M	798.00M	649.00M	700.00M	758.00M	704.00M	854.00M	932.00M	1,023.00M	1,235.00M	1,511.00M	1,794.00M	1,948.00M	1,767.00M	2,321.00M	2,273.00M	2,392.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	4,920.00M	4,320.00M	3,275.00M	2,245.00M	0.00M
Total Shareholders’ Equity	188,945.00M	184,269.00M	176,323.00M	171,736.00M	166,698.00M	165,209.00M	155,725.00M	147,062.00M	132,668.00M	123,041.00M	133,380.00M	121,246.00M	105,135.00M	98,804.00M	83,505.00M	73,073.00M	63,623.00M	59,101.00M	132,047.00M	117,164.00M	126,622.00M	116,203.00M	101,084.00M	92,007.00M	80,974.00M	69,150.00M	59,915.00M	50,645.00M	38,424.00M	36,512.00M	15,077.00M	6,991.00M
Total Equity	189,799.00M	185,177.00M	177,091.00M	172,534.00M	167,347.00M	165,909.00M	156,483.00M	147,766.00M	133,522.00M	123,973.00M	134,403.00M	122,481.00M	106,646.00M	100,598.00M	85,453.00M	74,840.00M	65,944.00M	61,374.00M	134,439.00M	117,164.00M	126,622.00M	116,203.00M	101,084.00M	92,007.00M	80,974.00M	69,150.00M	59,915.00M	55,565.00M	42,744.00M	39,787.00M	17,322.00M	6,991.00M
Total Liabilities & Equity	2,618,397.00M	2,593,819.00M	2,320,670.00M	2,381,091.00M	2,384,557.00M	2,257,003.00M	2,219,154.00M	1,907,517.00M	1,853,831.00M	1,764,766.00M	1,700,337.00M	1,630,599.00M	1,737,131.00M	1,774,847.00M	1,759,116.00M	1,769,145.00M	1,814,057.00M	1,763,047.00M	1,928,887.00M	2,191,197.00M	1,891,157.00M	1,497,703.00M	1,475,894.00M	1,258,025.00M	1,091,846.00M	1,039,353.00M	895,919.00M	792,859.00M	664,217.00M	692,045.00M	342,534.00M	109,588.00M
Tangible Assets	2,619,019.00M	2,598,485.00M	2,329,151.00M	2,387,315.00M	2,392,557.00M	2,265,619.00M	2,233,181.00M	1,924,210.00M	1,890,117.00M	1,815,063.00M	1,763,740.00M	1,703,359.00M	1,812,178.00M	1,847,599.00M	1,831,348.00M	1,839,296.00M	1,875,692.00M	1,816,010.00M	1,891,522.00M	2,123,740.00M	1,835,002.00M	1,446,158.00M	1,436,838.00M	1,222,570.00M	1,062,120.00M	1,018,586.00M	902,210.00M	795,584.00M	668,641.00M	693,938.00M	342,888.00M	112,547.00M
Tangible Equity	166,343.00M	160,890.00M	153,297.00M	148,015.00M	143,228.00M	140,115.00M	129,574.00M	120,818.00M	106,256.00M	96,571.00M	106,066.00M	94,630.00M	76,643.00M	67,815.00M	52,141.00M	40,258.00M	27,734.00M	20,738.00M	87,491.00M	53,424.00M	77,306.00M	68,324.00M	53,821.00M	65,531.00M	55,616.00M	33,995.00M	59,915.00M	55,565.00M	42,744.00M	24,160.00M	-7,024.00M	-16,685.00M
Tangible Book Value	166,343.00M	160,890.00M	153,297.00M	148,015.00M	143,228.00M	140,115.00M	129,574.00M	120,818.00M	106,256.00M	96,571.00M	106,066.00M	94,630.00M	76,643.00M	67,815.00M	52,141.00M	40,258.00M	27,734.00M	20,738.00M	87,491.00M	53,424.00M	77,306.00M	68,324.00M	53,821.00M	65,531.00M	55,616.00M	33,995.00M	59,915.00M	55,565.00M	42,744.00M	24,160.00M	-7,024.00M	-16,685.00M
Total Investments	1,243,919.00M	1,145,257.00M	1,146,907.00M	1,178,252.00M	1,155,542.00M	1,152,993.00M	1,091,080.00M	1,043,234.00M	1,018,696.00M	995,305.00M	954,681.00M	987,357.00M	1,031,010.00M	992,531.00M	1,014,551.00M	989,716.00M	997,491.00M	948,514.00M	1,043,635.00M	1,134,488.00M	1,065,321.00M	858,360.00M	750,803.00M	648,255.00M	606,217.00M	542,682.00M	478,183.00M	422,100.00M	320,517.00M	284,102.00M	56,509.00M	34,708.00M
Net Debt	372,182.00M	383,761.00M	314,028.00M	341,251.00M	179,121.00M	211,599.00M	191,110.00M	266,229.00M	254,008.00M	256,922.00M	218,206.00M	235,753.00M	294,656.00M	284,682.00M	364,139.00M	391,834.00M	459,122.00M	394,293.00M	491,993.00M	770,271.00M	669,526.00M	471,544.00M	426,787.00M	367,618.00M	313,996.00M	283,801.00M	266,440.00M	215,806.00M	120,328.00M	179,315.00M	136,585.00M	33,974.00M

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	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Working Capital	-1,289,687.0M	-1,388,645.0M	-1,239,030.0M	-1,282,939.0M	-1,220,042.0M	-1,163,323.0M	-1,043,899.0M	-943,768.0M	-928,324.0M	-845,006.0M	-815,709.0M	-795,033.0M	-776,555.0M	-854,184.0M	-862,066.0M	-765,239.0M	-736,077.0M	-724,262.0M	-805,066.0M	-1,074,212.0M	-936,878.0M	-760,444.0M	-741,685.0M	-646,398.0M	-586,454.0M	-479,611.0M	-406,405.0M	-348,040.0M	-278,893.0M	-303,958.0M	-87,543.0M	-1,108.0M
Total Capital	933,265.0M	934,456.0M	799,158.0M	807,636.0M	722,335.0M	675,604.0M	700,167.0M	653,390.0M	638,333.0M	638,178.0M	603,820.0M	590,707.0M	665,038.0M	687,911.0M	691,775.0M	754,125.0M	812,999.0M	739,879.0M	833,207.0M	991,290.0M	858,345.0M	639,358.0M	583,523.0M	506,558.0M	434,422.0M	402,779.0M	363,431.0M	302,340.0M	188,656.0M	246,833.0M	158,336.0M	47,718.0M
Capital Employed	604,221.0M	606,665.0M	564,780.0M	568,705.0M	561,317.0M	531,966.0M	531,869.0M	500,685.0M	485,223.0M	495,402.0M	493,952.0M	484,514.0M	587,952.0M	534,438.0M	550,026.0M	628,623.0M	679,513.0M	663,331.0M	710,692.0M	747,027.0M	566,007.0M	462,113.0M	655,698.0M	550,232.0M	452,070.0M	498,953.0M	439,324.0M	397,081.0M	342,855.0M	352,132.0M	230,799.0M	87,825.0M
Invested Capital	585,205.0M	596,983.0M	522,626.0M	546,704.0M	380,310.0M	413,571.0M	390,552.0M	459,471.0M	450,228.0M	457,662.0M	443,326.0M	457,610.0M	504,841.0M	489,021.0M	553,188.0M	569,640.0M	622,590.0M	546,993.0M	633,623.0M	883,718.0M	789,309.0M	584,081.0M	536,078.0M	465,632.0M	400,714.0M	365,048.0M	332,646.0M	274,096.0M	163,176.0M	221,166.0M	155,076.0M	45,852.0M

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	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	14,773.00M	7,990.00M	12,684.00M	9,229.00M	15,076.00M	21,945.00M	11,067.00M	19,405.00M	18,053.00M	-6,687.00M	14,970.00M	17,296.00M	7,312.00M	13,389.00M	7,599.00M	10,999.00M	10,670.00M	-1,161.00M	-31,686.00M	2,909.00M	20,451.00M	19,806.00M	16,054.00M	17,853.00M	13,448.00M	14,126.00M	13,519.00M	11,370.00M	6,950.00M	6,705.00M	7,073.00M	2,141.00M
Depreciation & Amortization	4,289.00M	4,464.00M	4,311.00M	4,560.00M	4,262.00M	3,964.00M	3,937.00M	3,905.00M	3,754.00M	3,659.00M	3,720.00M	3,506.00M	3,589.00M	3,303.00M	2,507.00M	2,872.00M	2,664.00M	2,853.00M	2,466.00M	2,421.00M	2,503.00M	2,318.00M	2,056.00M	2,120.00M	1,926.00M	4,479.00M	4,324.00M	3,839.00M	3,319.00M	2,642.00M	2,374.00M	416.00M
Deferred Income Tax	-95.00M	-3,011.00M	-1,896.00M	-2,416.00M	-1,141.00M	1,413.00M	-2,333.00M	-610.00M	-51.00M	24,877.00M	1,459.00M	2,794.00M	3,347.00M	2,699.00M	-4,091.00M	-74.00M	-964.00M	-7,709.00M	-20,535.00M	-3,927.00M	102.00M	-181.00M	-1,209.00M	566.00M	-204.00M	1,014.00M	1,537.00M	598.00M	-210.00M	-1,430.00M	475.00M	-289.00M
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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-90,064.00M	-72,650.00M	-59,031.00M	-99,387.00M	19,553.00M	38,864.00M	-53,182.00M	-59,360.00M	15,824.00M	-33,881.00M	20,566.00M	19,210.00M	20,283.00M	31,193.00M	-41,876.00M	35,488.00M	5,701.00M	-90,777.00M	128,279.00M	-106,923.00M	-20,615.00M	3,308.00M	-37,195.00M	-61,300.00M	258.00M	-16,955.00M	-30,845.00M	6,080.00M	30,295.00M	-9,722.00M	30,063.00M	2,879.00M
Accounts Receivable	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-3,066.00M	-20,377.00M	6,163.00M	-5,307.00M	2,226.00M	2,278.00M	-4,272.00M	-6,490.00M	945.00M	8,383.00M	-6,676.00M	1,847.00M	-954.00M	-15,529.00M	12,503.00M	17,236.00M	81.00M	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	0.00M	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	0.00M	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	-90,064.00M	-72,650.00M	-59,031.00M	-99,387.00M	19,553.00M	38,864.00M	-50,116.00M	-38,983.00M	9,661.00M	-28,574.00M	18,340.00M	16,932.00M	24,555.00M	37,683.00M	-42,821.00M	27,105.00M	12,377.00M	-92,624.00M	129,233.00M	-91,394.00M	-33,118.00M	-14,862.00M	-37,276.00M	-61,300.00M	258.00M	-16,955.00M	-30,845.00M	6,080.00M	30,295.00M	-9,722.00M	30,063.00M	2,879.00M
Other Non-Cash Items	1,706.00M	14,076.00M	24,263.00M	14,598.00M	-12,681.00M	-19,096.00M	17,023.00M	23,823.00M	-628.00M	3,258.00M	13,217.00M	-3,069.00M	11,812.00M	12,660.00M	25,499.00M	15,510.00M	17,615.00M	106,606.00M	-96,812.00M	115,728.00M	54,078.00M	6,109.00M	17,890.00M	25,907.00M	14,457.00M	23,914.00M	14,138.00M	-10,664.00M	-33,615.00M	9,558.00M	-29,590.00M	-2,780.00M
Net Cash from Operating Activities	-69,391.00M	-49,131.00M	-19,669.00M	-73,416.00M	25,069.00M	47,090.00M	-23,488.00M	-12,837.00M	36,952.00M	-8,774.00M	53,932.00M	39,737.00M	46,343.00M	63,244.00M	-10,362.00M	64,795.00M	35,686.00M	9,812.00M	-18,288.00M	10,208.00M	56,519.00M	31,360.00M	-2,404.00M	-14,854.00M	29,885.00M	26,578.00M	2,673.00M	11,223.00M	6,739.00M	7,753.00M	10,395.00M	2,367.00M
Capital Expenditures (PPE)	-4,960.00M	-6,577.00M	-6,500.00M	-6,583.00M	-5,632.00M	-4,119.00M	-3,446.00M	-5,336.00M	-3,774.00M	-3,361.00M	-2,756.00M	-3,198.00M	-3,386.00M	-3,490.00M	-3,604.00M	-3,448.00M	-2,363.00M	-2,264.00M	-3,780.00M	-4,003.00M	-4,035.00M	-3,724.00M	-3,011.00M	-2,354.00M	-1,377.00M	-1,774.00M	-2,249.00M	-1,750.00M	-2,135.00M	-1,533.00M	-5,756.00M	0.00M
Acquisitions (Net)	0.00M	-227.00M	0.00M	-1,393.00M	5,741.00M	190.00M	0.00M	0.00M	314.00M	3,411.00M	265.00M	-12,997.00M	-909.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-15,614.00M	0.00M	-602.00M	-3,677.00M	-21,456.00M	-3,953.00M	-7,067.00M	-8,843.00M	-6,321.00M	-6,573.00M	0.00M	0.00M	0.00M
Purchases of Investments	-285,918.00M	-257,747.00M	-267,424.00M	-236,512.00M	-261,650.00M	-391,734.00M	-332,387.00M	-274,491.00M	-152,487.00M	-185,740.00M	-211,402.00M	-242,362.00M	-258,992.00M	-220,823.00M	-256,907.00M	-314,250.00M	-406,046.00M	-281,115.00M	-344,336.00M	-274,426.00M	-296,124.00M	-203,023.00M	-195,903.00M	-208,040.00M	-393,875.00M	-454,146.00M	-106,547.00M	-92,495.00M	-94,645.00M	-79,095.00M	-68,989.00M	-18,531.00M
Sales / Maturities of Investments	326,680.00M	285,781.00M	301,641.00M	255,161.00M	232,809.00M	271,081.00M	270,514.00M	256,224.00M	145,095.00M	191,737.00M	197,708.00M	223,517.00M	229,941.00M	215,931.00M	245,873.00M	322,525.00M	373,502.00M	219,009.00M	302,978.00M	333,099.00M	208,110.00M	180,264.00M	175,788.00M	199,137.00M	358,739.00M	434,945.00M	102,335.00M	87,880.00M	81,018.00M	69,953.00M	60,121.00M	15,587.00M
Other Investing Activities	-83,365.00M	18,805.00M	58,533.00M	-19,132.00M	-50,723.00M	13,836.00M	-27,126.00M	229.00M	-62,266.00M	-44,798.00M	-37,950.00M	49,923.00M	61,928.00M	-82,956.00M	44,973.00M	6,439.00M	78,244.00M	37,139.00M	81,958.00M	-183,071.00M	-168,663.00M	-33,138.00M	-53,498.00M	-13,594.00M	-18,656.00M	-9,567.00M	-53,071.00M	-23,429.00M	-24,275.00M	-15,657.00M	-11,910.00M	2,913.00M
Net Cash from Investing Activities	-47,563.00M	40,035.00M	86,250.00M	-8,459.00M	-79,455.00M	-110,746.00M	-92,445.00M	-23,374.00M	-73,118.00M	-38,751.00M	-54,135.00M	14,883.00M	28,582.00M	-91,338.00M	30,335.00M	11,266.00M	43,337.00M	-27,231.00M	36,820.00M	-144,015.00M	-260,712.00M	-60,223.00M	-80,301.00M	-46,307.00M	-59,122.00M	-37,609.00M	-68,375.00M	-36,115.00M	-46,610.00M	-26,332.00M	-26,534.00M	-31.00M
Net Debt Issuance	30,869.00M	8,999.00M	17,166.00M	-8,779.00M	66,786.00M	-5,833.00M	-2,479.00M	20,808.00M	-9,583.00M	55,181.00M	17,968.00M	-45,480.00M	6,814.00M	-9,390.00M	-91,896.00M	-83,916.00M	-89,422.00M	-65,650.00M	-56,283.00M	63,404.00M	101,122.00M	26,651.00M	21,715.00M	27,901.00M	4,339.00M	-23,151.00M	31,048.00M	-878.00M	13,867.00M	11,256.00M	1,396.00M	-1,530.00M
Long-Term Debt Issuance	16,649.00M	9,325.00M	6,118.00M	860.00M	47,663.00M	-4,292.00M	13,056.00M	8,105.00M	2,523.00M	26,974.00M	8,346.00M	-8,224.00M	7,913.00M	-9,589.00M	-89,732.00M	-58,849.00M	-42,233.00M	-13,655.00M	-42,487.00M	52,979.00M	67,219.00M	16,488.00M	26,078.00M	21,254.00M	-7,649.00M	8,940.00M	21,197.00M	-298.00M	10,205.00M	4,620.00M	2,848.00M	-729.00M
Short-Term Debt Issuance	14,220.00M	-326.00M	11,048.00M	-9,639.00M	19,123.00M	-1,541.00M	-15,535.00M	12,703.00M	-12,106.00M	13,751.00M	9,622.00M	-37,256.00M	-1,099.00M	199.00M	-2,164.00M	-25,067.00M	-47,189.00M	-51,995.00M	-13,796.00M	10,425.00M	33,903.00M	10,163.00M	-4,363.00M	6,647.00M	11,988.00M	-32,091.00M	9,851.00M	-580.00M	3,662.00M	6,636.00M	-1,452.00M	-801.00M
Net Stock Issuance	-4,727.00M	-6,713.00M	-2,242.00M	-3,383.00M	-3,250.00M	-8,086.00M	-1,430.00M	-18,055.00M	-15,226.00M	-14,541.00M	-6,792.00M	775.00M	2,467.00M	3,339.00M	2,245.00M	3,749.00M	3,744.00M	20,295.00M	77,483.00M	-603.00M	-5,327.00M	-11,394.00M	133.00M	-2,005.00M	-5,525.00M	-2,735.00M	-3,258.00M	-3,584.00M	-1,169.00M	-2,863.00M	-1,583.00M	-560.00M
Common Stock Issuance	1,995.00M	3,786.00M	5,282.00M	2,739.00M	0.00M	3,300.00M	2,995.00M	1,496.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3,750.00M	3,750.00M	20,298.00M	6,864.00M	1,060.00M	1,798.00M	1,400.00M	912.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Repurchased	-8,218.00M	-10,499.00M	-7,524.00M	-6,122.00M	-3,250.00M	-11,386.00M	-4,425.00M	-19,551.00M	-15,226.00M	-14,541.00M	-9,290.00M	-5,452.00M	-1,232.00M	-931.00M	-5.00M	-1.00M	-6.00M	-3.00M	-7.00M	-663.00M	-7,000.00M	-12,794.00M	-779.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	1,496.00M	-2.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-793.00M	0.00M	2,498.00M	6,227.00M	3,699.00M	4,098.00M	2,250.00M	0.00M	0.00M	0.00M	70,626.00M	-1,000.00M	-125.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,325.00M	1,000.00M	250.00M	0.00M
Net Dividends Paid	-3,965.00M	-5,198.00M	-5,199.00M	-5,212.00M	-5,003.00M	-5,198.00M	-5,352.00M	-5,447.00M	-5,020.00M	-3,797.00M	-2,287.00M	-1,253.00M	-633.00M	-314.00M	-143.00M	-107.00M	-9.00M	-3,237.00M	-7,526.00M	-10,778.00M	-9,826.00M	-9,188.00M	-8,375.00M	-5,773.00M	-3,676.00M	-3,185.00M	-2,654.00M	-2,139.00M	-1,988.00M	-1,692.00M	-1,530.00M	-478.00M
Common Dividends Paid	-3,965.00M	-5,198.00M	-5,199.00M	-5,212.00M	-5,003.00M	-5,198.00M	-5,352.00M	-5,447.00M	-5,020.00M	-3,797.00M	-2,287.00M	-1,253.00M	-633.00M	-314.00M	-143.00M	-107.00M	-9.00M	-3,237.00M	-7,526.00M	-10,778.00M	-9,826.00M	-9,188.00M	-8,375.00M	-5,773.00M	-3,676.00M	-3,185.00M	-2,654.00M	-2,139.00M	-1,988.00M	-1,692.00M	-1,530.00M	-478.00M
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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	122,582.00M	57,647.00M	-48,029.00M	18,061.00M	79,230.00M	36,389.00M	242,856.00M	45,627.00M	74,357.00M	30,011.00M	19,403.00M	-18,815.00M	-78,918.00M	29,459.00M	77,293.00M	23,628.00M	8,259.00M	61,598.00M	-38,211.00M	92,471.00M	120,461.00M	27,214.00M	69,838.00M	44,282.00M	32,812.00M	44,319.00M	39,739.00M	33,169.00M	30,869.00M	15,019.00M	18,977.00M	-1,043.00M
Net Cash from Financing Activities	144,759.00M	54,735.00M	-38,304.00M	687.00M	137,763.00M	17,272.00M	233,595.00M	42,933.00M	44,528.00M	66,854.00M	28,292.00M	-64,773.00M	-70,270.00M	23,094.00M	-12,501.00M	-56,646.00M	-77,428.00M	13,006.00M	-24,537.00M	144,494.00M	206,430.00M	33,283.00M	83,311.00M	64,405.00M	27,950.00M	15,248.00M	64,875.00M	26,568.00M	41,579.00M	21,720.00M	17,260.00M	-3,611.00M
Effect of FX on Cash	1,311.00M	3,468.00M	-12,677.00M	95.00M	-3,385.00M	-1,198.00M	-1,966.00M	-908.00M	-773.00M	693.00M	-493.00M	-1,055.00M	-2,432.00M	-1,558.00M	274.00M	-1,301.00M	691.00M	632.00M	-2,948.00M	1,005.00M	645.00M	-1,840.00M	731.00M	579.00M	98.00M	-323.00M	-530.00M	-98.00M	-82.00M	-688.00M	-170.00M	0.00M
Net Change in Cash	34,379.00M	49,107.00M	15,600.00M	-81,093.00M	79,992.00M	-47,582.00M	115,696.00M	5,814.00M	7,589.00M	20,022.00M	27,397.00M	-11,208.00M	2,223.00M	-6,568.00M	7,752.00M	729.00M	2,500.00M	-3,781.00M	-8,953.00M	11,692.00M	2,882.00M	3,019.00M	1,337.00M	3,823.00M	-1,189.00M	3,894.00M	-1,357.00M	1,578.00M	1,626.00M	2,453.00M	951.00M	-1,275.00M
Cash at Beginning of Period	887,957.00M	1,033,783.00M	260,932.00M	342,025.00M	262,033.00M	309,615.00M	193,919.00M	188,105.00M	180,516.00M	160,494.00M	133,097.00M	32,108.00M	29,885.00M	36,453.00M	28,701.00M	27,972.00M	25,472.00M	29,253.00M	38,206.00M	26,514.00M	23,632.00M	20,613.00M	19,276.00M	17,326.00M	18,515.00M	14,621.00M	15,978.00M	14,400.00M	12,774.00M	10,165.00M	9,214.00M	4,766.00M
Cash at End of Period	922,336.00M	1,082,890.00M	276,532.00M	260,932.00M	342,025.00M	262,033.00M	309,615.00M	193,919.00M	188,105.00M	180,516.00M	160,494.00M	20,900.00M	32,108.00M	29,885.00M	36,453.00M	28,701.00M	27,972.00M	25,472.00M	29,253.00M	38,206.00M	26,514.00M	23,632.00M	20,613.00M	21,149.00M	17,326.00M	18,515.00M	14,621.00M	15,978.00M	14,400.00M	12,618.00M	10,165.00M	3,491.00M
Operating Cash Flow	-69,391.00M	-49,131.00M	-19,669.00M	-73,416.00M	25,069.00M	47,090.00M	-23,488.00M	-12,837.00M	36,952.00M	-8,774.00M	53,932.00M	39,737.00M	46,343.00M	63,244.00M	-10,362.00M	64,795.00M	35,686.00M	-54,610.00M	97,686.00M	-71,551.00M	-165.00M	31,799.00M	-2,109.00M	-14,854.00M	29,885.00M	26,578.00M	2,673.00M	11,223.00M	6,739.00M	7,753.00M	10,395.00M	2,367.00M
Capital Expenditure	-4,960.00M	-6,577.00M	-6,500.00M	-6,583.00M	-5,632.00M	-4,119.00M	-3,446.00M	-5,336.00M	-3,774.00M	-3,361.00M	-2,756.00M	-3,198.00M	-3,386.00M	-3,490.00M	-3,604.00M	-3,448.00M	-2,363.00M	-2,264.00M	-3,780.00M	-4,003.00M	-4,035.00M	-3,724.00M	-3,011.00M	-2,354.00M	-1,377.00M	-1,774.00M	-2,249.00M	-1,750.00M	-2,135.00M	-1,533.00M	-5,756.00M	0.00M
Free Cash Flow	-74,351.00M	-55,708.00M	-26,169.00M	-79,999.00M	19,437.00M	42,971.00M	-26,934.00M	-18,173.00M	33,178.00M	-12,135.00M	51,176.00M	36,539.00M	42,957.00M	59,754.00M	-13,966.00M	61,347.00M	33,323.00M	-56,874.00M	93,999.00M	-75,554.00M	-4,200.00M	28,318.00M	-5,120.00M	-17,208.00M	28,508.00M	24,804.00M	424.00M	9,473.00M	4,604.00M	6,220.00M	4,639.00M	2,367.00M

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	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
EBITDA	42,321.00M	44,043.00M	45,686.00M	41,749.00M	45,325.00M	53,002.00M	38,512.00M	47,640.00M	46,341.00M	45,863.00M	44,933.00M	48,631.00M	47,538.00M	45,658.00M	33,085.00M	39,962.00M	37,148.00M	16,474.00M	-13,435.00M	26,370.00M	49,070.00M	48,609.00M	48,987.00M	46,333.00M	41,111.00M	42,077.00M	40,797.00M	39,512.00M	31,149.00M	27,571.00M	24,545.00M	7,968.00M
(-) Tax Adjustment	10,670.47M	11,871.57M	11,286.15M	11,409.02M	8,777.25M	10,517.82M	7,133.42M	8,829.97M	10,588.56M	16,052.05M	13,481.78M	14,574.02M	16,638.30M	14,263.23M	29.60M	9,704.13M	6,291.83M	5,765.90M	-4,702.25M	0.00M	13,347.03M	14,992.44M	13,927.34M	14,576.89M	14,070.96M	14,726.95M	14,278.95M	13,829.20M	10,902.15M	9,649.85M	8,590.75M	2,788.80M
(-) Change In Working Capital	-90,064.00M	-72,650.00M	-59,031.00M	-99,387.00M	19,553.00M	38,864.00M	-53,182.00M	-59,360.00M	15,824.00M	-33,881.00M	20,566.00M	19,210.00M	20,283.00M	31,193.00M	-41,876.00M	35,488.00M	5,701.00M	-90,777.00M	128,279.00M	-106,923.00M	-20,615.00M	3,308.00M	-37,195.00M	-61,300.00M	258.00M	-16,955.00M	-30,845.00M	6,080.00M	30,295.00M	-9,722.00M	30,063.00M	2,879.00M
(-) Capital Expenditure	-4,960.00M	-6,577.00M	-6,500.00M	-6,583.00M	-5,632.00M	-4,119.00M	-3,446.00M	-5,336.00M	-3,774.00M	-3,361.00M	-2,756.00M	-3,198.00M	-3,386.00M	-3,490.00M	-3,604.00M	-3,448.00M	-2,363.00M	-2,264.00M	-3,780.00M	-4,003.00M	-4,035.00M	-3,724.00M	-3,011.00M	-2,354.00M	-1,377.00M	-1,774.00M	-2,249.00M	-1,750.00M	-2,135.00M	-1,533.00M	-5,756.00M	0.00M
Unlevered Free Cash Flow	116,754.53M	98,244.43M	86,930.85M	123,143.98M	11,362.75M	-498.82M	81,114.58M	92,834.03M	16,154.44M	60,330.95M	8,129.22M	11,648.98M	7,230.70M	-3,288.23M	71,327.40M	-8,678.13M	22,792.17M	99,221.10M	-140,791.75M	129,290.00M	52,302.97M	26,584.56M	69,243.66M	90,702.11M	25,405.04M	42,531.05M	55,114.05M	17,852.80M	-12,183.15M	26,110.15M	-19,864.75M	2,300.20M
(-) Net Interest Income After Taxes	43,271.65M	39,580.44M	40,731.51M	39,897.12M	39,243.38M	34,061.41M	36,461.95M	39,207.58M	35,922.95M	29,289.65M	31,831.29M	32,655.65M	31,195.45M	32,175.21M	46,644.24M	36,078.21M	45,008.41M	31,522.40M	34,936.85M	45,389.00M	27,611.59M	27,141.38M	29,785.00M	27,262.01M	24,790.60M	21,249.15M	17,088.50M	17,104.75M	15,498.60M	11,425.05M	10,700.30M	2,383.55M
Net Debt Issuance	30,869.00M	8,999.00M	17,166.00M	-8,779.00M	66,786.00M	-5,833.00M	-2,479.00M	20,808.00M	-9,583.00M	55,181.00M	17,968.00M	-45,480.00M	6,814.00M	-9,390.00M	-91,896.00M	-83,916.00M	-89,422.00M	-65,650.00M	-56,283.00M	63,404.00M	101,122.00M	26,651.00M	21,715.00M	27,901.00M	4,339.00M	-23,151.00M	31,048.00M	-878.00M	13,867.00M	11,256.00M	1,396.00M	-1,530.00M
Levered Free Cash Flow	104,351.88M	67,662.99M	63,365.34M	74,467.86M	38,905.38M	-40,393.23M	42,173.62M	74,434.45M	-29,351.50M	86,222.30M	-5,734.08M	-66,486.67M	-17,150.75M	-44,853.43M	-67,212.83M	-128,672.34M	-111,638.24M	2,048.70M	-232,011.60M	147,305.00M	125,813.38M	26,094.18M	61,173.66M	91,341.09M	4,953.45M	-1,869.10M	69,073.55M	-129.95M	-13,814.75M	25,941.10M	-29,169.05M	-1,613.35M