Oversea-Chinese Banking Corporation Limited (O39.SI)

Industry: Banks - Regional Sector: Financial Services Currency Used: SG Live Price: $20.44

Enterprise Value

Metric	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
Stock Price	16.76	14.96	12.60	11.95	11.65	9.03	11.16	11.79	11.04	8.78	9.59	9.68	9.92	8.92	8.47	8.81	6.91	6.90	8.59	6.69	6.23	6.30	5.19	5.42	5.36
Market Capitalization	75,330.52M	67,450.83M	56,614.09M	53,670.31M	52,330.37M	40,075.37M	48,021.09M	49,762.86M	46,960.51M	37,045.74M	39,190.43M	35,047.62M	36,349.89M	32,184.71M	29,978.32M	30,477.04M	22,916.54M	22,812.93M	27,761.14M	21,890.35M	20,813.23M	17,533.07M	14,165.97M	14,359.28M	14,368.87M
(-) Cash & Equivalents	16,873.50M	22,604.75M	3,518.50M	30,275.75M	24,898.75M	28,322.50M	54,251.07M	56,680.37M	62,460.47M	54,756.93M	61,523.50M	61,530.81M	51,510.28M	46,375.94M	39,308.30M	29,112.13M	12,683.91M	5,595.26M	5,875.38M	1,435.34M	1,045.51M	904.15M	1,008.97M	714.60M	0.00M
(+) Total Debt	22,769.50M	19,812.50M	17,471.25M	10,208.00M	15,545.00M	18,242.50M	27,386.57M	30,845.02M	31,046.30M	20,882.99M	25,729.17M	28,353.69M	21,918.33M	16,082.47M	10,118.54M	6,842.37M	3,002.73M	1,502.38M	1,242.39M	0.00M	0.00M	0.00M	0.00M	8,061.72M	0.00M
Enterprise Value	81,226.52M	64,658.58M	70,566.84M	33,602.56M	42,976.62M	29,995.37M	21,156.59M	23,927.51M	15,546.34M	3,171.80M	3,396.10M	1,870.50M	6,757.95M	1,891.24M	788.57M	8,207.28M	13,235.36M	18,720.05M	23,128.16M	20,455.01M	19,767.72M	16,628.92M	13,157.01M	21,706.40M	14,368.87M

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
Revenue	31,503M	33,202M	27,162M	24,729M	15,577M	12,166M	8,096M	10,761M	9,636M	9,428M	8,338M	8,642M	8,294M	6,590M	7,871M	5,607M	5,325M	4,815M	4,427M	4,281M	3,840M	2,887M	2,625M	2,193M	2,222M	2,214M
Cost of Revenue	7,016M	13,199M	13,379M	11,955M	4,486M	2,443M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Gross Profit	24,487M	20,003M	13,783M	12,774M	11,091M	9,723M	8,096M	10,761M	9,636M	9,428M	8,338M	8,642M	8,294M	6,590M	7,871M	5,607M	5,325M	4,815M	4,427M	4,281M	3,840M	2,887M	2,625M	2,193M	2,222M	2,214M
Gross Profit Margin	77.7%	60.2%	50.7%	51.7%	71.2%	79.9%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	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	0M	0M	0M	0M
SG&A Expenses	3,837M	3,501M	3,837M	3,501M	3,233M	0M	12M	11M	12M	9M	10M	9M	8M	6M	6M	5M	0M	0M	0M	0M	722M	634M	546M	478M	465M	476M
Operating Expenses	9,121M	7,953M	5,742M	5,223M	5,026M	4,764M	10,080M	10,761M	9,636M	9,428M	8,338M	8,642M	8,294M	6,590M	7,871M	5,607M	5,325M	4,815M	4,427M	4,281M	3,840M	2,887M	2,625M	2,193M	2,222M	2,214M
Operating Income (EBIT)	15,366M	12,050M	8,041M	7,551M	6,065M	4,959M	-1,984M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Operating Income Margin	48.8%	36.3%	29.6%	30.5%	38.9%	40.8%	-24.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest Income	26,488M	27,045M	22,444M	20,867M	11,590M	7,425M	9,143M	12,098M	11,049M	9,118M	8,368M	8,486M	7,607M	6,174M	5,968M	5,320M	4,363M	4,184M	5,267M	5,265M	4,516M	3,470M	2,560M	2,381M	2,729M	3,040M
Interest Expense	6,326M	12,466M	12,689M	11,222M	3,902M	1,570M	3,177M	5,767M	5,159M	3,695M	3,316M	3,297M	2,871M	2,291M	2,220M	1,910M	1,416M	1,359M	2,484M	3,021M	2,722M	1,873M	1,043M	946M	1,220M	1,648M
Net Interest Income	20,162M	14,579M	9,755M	9,645M	7,688M	5,855M	5,966M	6,331M	5,890M	5,423M	5,052M	5,189M	4,736M	3,883M	3,748M	3,410M	2,947M	2,825M	2,783M	2,244M	1,794M	1,597M	1,518M	1,435M	1,509M	1,392M
Unusual Items	-19,576M	-13,519M	-8,820M	-8,795M	-6,814M	-5,134M	183M	-531M	-338M	-324M	-777M	-365M	27M	-316M	1,214M	-455M	-67M	-282M	-699M	295M	682M	108M	-26M	-213M	-604M	-415M
EBT Excluding Unusual Items	35,528M	26,629M	17,796M	17,196M	13,753M	10,814M	3,982M	6,331M	5,890M	5,423M	5,052M	5,189M	4,736M	3,883M	3,748M	3,410M	2,947M	2,825M	2,783M	2,244M	1,794M	1,597M	1,518M	1,435M	1,509M	1,392M
Pre-Tax Income	15,952M	13,110M	8,976M	8,401M	6,939M	5,680M	4,165M	5,800M	5,552M	5,099M	4,275M	4,825M	4,763M	3,567M	4,962M	2,955M	2,880M	2,543M	2,085M	2,539M	2,476M	1,706M	1,491M	1,222M	906M	977M
Pre-Tax Margin	50.6%	39.5%	33.0%	34.0%	44.5%	46.7%	51.4%	53.9%	57.6%	54.1%	51.3%	55.8%	57.4%	54.1%	63.0%	52.7%	54.1%	52.8%	47.1%	59.3%	64.5%	59.1%	56.8%	55.7%	40.8%	44.1%
Income Tax Expense	2,202M	1,834M	1,228M	1,236M	1,057M	648M	437M	778M	877M	803M	629M	717M	687M	598M	699M	477M	627M	580M	335M	244M	474M	408M	343M	268M	239M	199M
Net Income	13,199M	11,047M	7,587M	7,021M	5,748M	4,858M	3,586M	4,869M	4,492M	4,045M	3,473M	3,903M	3,842M	2,768M	3,993M	2,312M	2,447M	2,154M	1,860M	2,183M	2,106M	1,397M	1,222M	956M	669M	781M
Net Income Margin	41.9%	33.3%	27.9%	28.4%	36.9%	39.9%	44.3%	45.2%	46.6%	42.9%	41.7%	45.2%	46.3%	42.0%	50.7%	41.2%	46.0%	44.7%	42.0%	51.0%	54.9%	48.4%	46.5%	43.6%	30.1%	35.3%
Depreciation & Amortization	590M	495M	522M	447M	533M	519M	528M	505M	419M	419M	404M	391M	322M	265M	244M	228M	206M	182M	162M	150M	147M	128M	244M	102M	84M	0M
EBITDA	15,956M	12,545M	8,563M	7,998M	6,598M	5,478M	-1,456M	505M	419M	419M	404M	391M	322M	265M	244M	228M	206M	182M	162M	150M	147M	128M	244M	102M	84M	0M
EBITDA Margin	50.6%	37.8%	31.5%	32.3%	42.4%	45.0%	-18.0%	4.7%	4.3%	4.4%	4.9%	4.5%	3.9%	4.0%	3.1%	4.1%	3.9%	3.8%	3.7%	3.5%	3.8%	4.4%	9.3%	4.6%	3.8%	0.0%
NOPAT	13,245M	10,364M	6,941M	6,440M	5,141M	4,393M	-1,776M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
NOPAT Margin	42.0%	31.2%	25.6%	26.0%	33.0%	36.1%	-21.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Owner's Earnings	12,920M	-35,605M	7,495M	6,931M	5,802M	4,934M	3,730M	5,006M	4,614M	4,200M	3,455M	3,953M	3,832M	2,696M	3,934M	2,289M	2,470M	2,136M	1,744M	2,096M	2,117M	1,378M	1,402M	1,011M	686M	629M
Owner's Earnings Margin	41.0%	-107.2%	27.6%	28.0%	37.2%	40.6%	46.1%	46.5%	47.9%	44.5%	41.4%	45.7%	46.2%	40.9%	50.0%	40.8%	46.4%	44.4%	39.4%	49.0%	55.1%	47.7%	53.4%	46.1%	30.9%	28.4%
EPS (Basic)	2.92	2.44	1.67	1.55	1.27	1.07	0.80	1.13	1.07	0.97	0.84	0.97	1.04	0.78	1.13	0.66	0.73	0.66	0.58	0.69	0.64	0.42	0.36	0.35	0.25	0.29
EPS (Diluted)	2.92	2.45	1.67	1.56	1.28	1.08	0.81	1.13	1.07	0.96	0.84	0.97	1.04	0.78	1.13	0.66	0.72	0.66	0.58	0.67	0.64	0.42	0.36	0.35	0.25	0.29
Shares (Basic)	4,507M	4,495M	4,543M	4,495M	4,494M	4,489M	4,420M	4,307M	4,203M	4,186M	4,152M	4,035M	3,692M	3,530M	3,539M	3,480M	3,370M	3,249M	3,188M	3,175M	3,275M	3,343M	3,380M	2,731M	2,642M	2,683M
Shares (Diluted)	4,524M	4,500M	4,543M	4,498M	4,497M	4,494M	4,421M	4,311M	4,211M	4,192M	4,153M	4,039M	3,696M	3,538M	3,546M	3,489M	3,381M	3,255M	3,197M	3,252M	3,275M	3,343M	3,380M	2,731M	2,642M	2,683M

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
Cash & Cash Equivalents	33,747.00M	0.00M	52,753.00M	49,620.00M	61,651.00M	50,081.00M	57,434.00M	55,482.28M	53,349.50M	64,069.87M	52,048.71M	52,632.00M	67,562.24M	59,161.11M	46,506.76M	41,511.18M	30,061.52M	28,991.79M	22,381.05M	23,501.51M	5,741.34M	4,182.03M	3,616.60M	4,035.86M	2,858.40M	2,014.10M
Short-Term Investments	0.00M	0.00M	4,529.00M	2,124.00M	0.00M	-57,733.00M	-64,870.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	33,747.00M	0.00M	57,282.00M	51,744.00M	61,651.00M	-7,652.00M	-7,436.00M	55,482.28M	53,349.50M	64,069.87M	52,048.71M	52,632.00M	67,562.24M	59,161.11M	46,506.76M	41,511.18M	30,061.52M	28,991.79M	22,381.05M	23,501.51M	5,741.34M	4,182.03M	3,616.60M	4,035.86M	2,858.40M	2,014.10M
Net Receivables	14,296.00M	0.00M	17,203.00M	21,508.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	9,168.55M	7,960.44M	7,960.27M	8,130.87M	0.00M	0.00M	0.00M	0.00M	61,723.43M	57,511.91M	548.27M	428.20M	296.56M	305.74M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	-10,777.00M	-15,145.00M	0.00M	-36,592.30M	-37,561.79M	-33,330.65M	-36,506.55M	0.00M	0.00M	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	3,983.00M	0.00M	0.00M	29,741.00M	31,194.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	37,117.12M	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	48,043.00M	0.00M	78,468.00M	73,252.00M	61,651.00M	11,312.00M	8,613.00M	55,482.28M	16,757.20M	26,508.08M	18,718.07M	16,125.46M	76,730.79M	67,121.55M	91,584.15M	49,642.05M	30,061.52M	28,991.79M	22,381.05M	23,501.51M	67,464.78M	61,693.95M	4,164.87M	4,464.06M	3,154.97M	2,319.84M
Property, Plant & Equipment	3,626.00M	0.00M	1,496.00M	3,528.00M	3,483.00M	984.00M	896.00M	3,628.32M	3,337.44M	3,332.12M	3,478.66M	3,466.93M	3,408.84M	1,898.10M	1,702.59M	1,663.87M	1,624.74M	1,608.97M	1,665.46M	1,611.70M	1,375.75M	1,428.66M	1,315.84M	1,434.74M	1,571.65M	1,681.26M
Goodwill	0.00M	0.00M	4,465.00M	4,403.00M	4,440.00M	4,467.00M	4,431.00M	4,468.08M	4,478.59M	4,450.79M	4,707.45M	4,341.42M	4,236.71M	3,153.10M	3,175.20M	3,238.00M	0.00M	0.00M	0.00M	0.00M	61,723.43M	57,511.91M	548.27M	2,072.05M	2,198.68M	2,324.52M
Intangible Assets	4,350.00M	0.00M	39.00M	98.00M	203.00M	307.00M	406.00M	511.82M	613.95M	709.05M	765.40M	853.81M	919.88M	587.87M	642.71M	709.40M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	371,206.00M	0.00M	332,750.00M	89,211.00M	73,717.00M	15,437.00M	19,856.00M	60,833.70M	56,501.27M	55,151.54M	49,936.57M	46,036.38M	47,811.49M	40,592.92M	37,584.86M	41,987.60M	36,447.60M	20,685.61M	20,778.46M	15,389.33M	10,341.95M	8,482.76M	8,277.47M	7,205.73M	6,950.88M	0.00M
Tax Assets	444.00M	0.00M	538.00M	586.00M	437.00M	280.00M	133.00M	86.67M	246.19M	336.60M	302.37M	238.58M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-3,180.55M	0.00M
Other Non-Current Assets	217,125.00M	632,191.00M	207,294.00M	492,554.00M	-437.00M	490,971.00M	464,479.00M	-86.67M	-246.19M	-336.60M	-302.37M	-238.58M	-56,376.91M	-46,231.99M	-43,105.35M	-47,598.87M	-42,068.82M	-25,656.18M	-25,819.45M	-20,445.45M	-15,238.65M	-13,254.97M	-12,591.88M	-10,712.52M	-3,770.33M	-4,005.79M
Other Assets	0.00M	0.00M	0.00M	0.00M	393,494.00M	0.00M	0.00M	357,611.31M	340,345.02M	316,787.94M	287,930.59M	273,788.52M	268,118.33M	225,094.84M	198,371.08M	188,647.56M	157,152.47M	139,651.57M	133,184.66M	130,660.34M	68,516.24M	56,349.46M	103,124.92M	69,320.85M	86,350.32M	87,923.58M
Total Non-Current Assets	596,751.00M	632,191.00M	546,582.00M	590,380.00M	475,337.00M	512,446.00M	490,201.00M	427,053.23M	405,276.27M	380,431.44M	346,818.67M	328,487.06M	268,118.33M	225,094.84M	198,371.08M	188,647.56M	153,155.98M	136,289.97M	129,809.13M	127,215.92M	126,718.73M	110,517.82M	100,674.62M	69,320.85M	90,120.65M	87,923.58M
Total Assets	644,794.00M	632,191.00M	625,050.00M	663,632.00M	536,988.00M	523,758.00M	498,814.00M	482,535.50M	422,033.47M	406,939.52M	365,536.73M	344,612.51M	344,849.11M	292,216.39M	289,955.23M	238,289.62M	183,217.51M	165,281.76M	152,190.18M	150,717.43M	194,183.50M	172,211.76M	104,839.49M	73,784.91M	93,275.61M	90,243.42M
Accounts Payable	0.00M	0.00M	1,940.00M	1,995.00M	1,121.00M	328.00M	472.00M	932.00M	913.63M	776.60M	879.29M	879.60M	867.86M	519.27M	501.27M	451.81M	139.03M	119.13M	0.00M	0.00M	2,233.43M	1,942.51M	1,663.57M	185.23M	177.16M	0.00M
Short-Term Debt	16,884.00M	0.00M	35,404.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Payables	1,052.00M	0.00M	879.00M	1,037.00M	995.00M	905.00M	745.00M	1,189.23M	1,013.76M	1,101.97M	914.63M	1,000.42M	898.30M	1,025.00M	897.30M	800.16M	744.22M	606.36M	0.00M	0.00M	599.05M	412.49M	425.11M	327.67M	321.77M	315.40M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-23,059.00M	0.00M	0.00M	906.89M	-27,188.82M	-31,326.83M	-18,432.72M	-23,922.11M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	403,301.00M	0.00M	349,688.00M	226,299.00M	-22,005.00M	-3,138.00M	-5,472.00M	-14,190.00M	-12,818.02M	-12,307.91M	-12,702.09M	-10,867.50M	-11,439.40M	-9,643.57M	-8,822.33M	-9,569.98M	-883.25M	-725.49M	-7,769.99M	-2,756.05M	-2,233.43M	-2,517.75M	-2,088.68M	-327.67M	-321.77M	-438.47M
Total Current Liabilities	421,237.00M	0.00M	387,911.00M	229,331.00M	-42,948.00M	-1,905.00M	-4,255.00M	-11,161.88M	-38,079.45M	-41,756.16M	-29,340.88M	-32,909.60M	-9,673.23M	-8,099.30M	-7,423.77M	-8,318.02M	0.00M	0.00M	-7,769.99M	-2,756.05M	599.05M	-162.75M	0.00M	185.23M	177.16M	-123.07M
Long-Term Debt	30,257.00M	0.00M	31,787.00M	0.00M	0.00M	0.00M	0.00M	9,576.00M	0.00M	0.00M	0.00M	0.00M	10,279.00M	7,298.00M	11,949.88M	0.00M	0.00M	0.00M	0.00M	0.00M	5,130.67M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	0.00M	0.00M	0.00M	218.00M	216.00M	228.00M	278.00M	293.18M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	2,261.00M	2,832.00M	1,818.00M	1,893.06M	1,591.70M	1,709.22M	1,430.89M	1,430.57M	0.00M	0.00M	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	132,831.00M	636,655.00M	128,410.00M	266,715.00M	0.00M	484,789.00M	468,123.00M	-9,576.00M	0.00M	0.00M	0.00M	0.00M	-10,279.00M	-7,298.00M	-11,949.88M	0.00M	0.00M	0.00M	0.00M	0.00M	-5,130.67M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	163,088.00M	636,655.00M	160,197.00M	266,933.00M	2,477.00M	487,849.00M	470,219.00M	2,186.24M	1,591.70M	1,709.22M	1,430.89M	1,430.57M	0.00M	0.00M	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 Liabilities	584,325.00M	636,655.00M	548,108.00M	496,264.00M	-40,471.00M	485,944.00M	465,964.00M	-8,975.64M	-36,487.75M	-40,046.95M	-27,909.99M	-31,479.03M	-9,673.23M	-8,099.30M	-7,423.77M	-8,318.02M	0.00M	0.00M	-7,769.99M	-2,756.05M	599.05M	-162.75M	0.00M	185.23M	177.16M	-123.07M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,000.00M	1,000.00M	1,000.00M	1,395.83M	1,395.83M	2,895.83M	1,895.83M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	18,007.00M	0.00M	18,096.00M	18,045.00M	18,048.00M	18,040.00M	17,833.00M	17,261.35M	15,750.42M	14,414.57M	14,392.33M	13,803.65M	12,619.17M	8,283.30M	7,267.07M	9,022.92M	8,210.55M	7,376.25M	6,637.51M	5,520.14M	5,480.94M	1,561.18M	1,320.55M	1,284.08M	1,290.30M	0.00M
Retained Earnings	38,956.00M	0.00M	38,834.00M	34,501.00M	33,984.00M	30,785.00M	27,321.00M	25,775.28M	23,440.25M	21,881.22M	20,259.83M	18,401.13M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	3,486.00M	0.00M	2,386.00M	1,624.00M	-641.00M	2,640.00M	3,270.00M	2,628.30M	1,449.23M	1,511.76M	1,141.29M	1,092.31M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	1,072.00M	0.00M	1,064.00M	1,384.00M	1,581.00M	1,675.00M	1,554.00M	1,440.89M	1,254.84M	2,767.73M	2,634.94M	2,557.86M	3,088.64M	2,963.94M	2,896.60M	2,819.32M	2,854.92M	2,808.38M	2,686.07M	1,161.22M	1,086.63M	1,148.98M	489.16M	19.88M	18.93M	0.00M
Total Shareholders’ Equity	60,449.00M	0.00M	59,316.00M	54,170.00M	51,391.00M	51,465.00M	48,424.00M	45,664.93M	40,639.90M	38,807.55M	36,793.45M	34,297.09M	14,015.00M	9,679.13M	10,162.90M	10,918.75M	8,210.55M	7,376.25M	6,637.51M	5,520.14M	5,480.94M	1,561.18M	1,320.55M	1,284.08M	1,290.30M	0.00M
Total Equity	61,521.00M	0.00M	60,380.00M	55,554.00M	52,972.00M	53,140.00M	49,978.00M	47,105.82M	41,894.74M	41,575.27M	39,428.39M	36,854.95M	17,103.65M	12,643.07M	13,059.50M	13,738.07M	11,065.47M	10,184.63M	9,323.58M	6,681.36M	6,567.57M	2,710.16M	1,809.71M	1,303.96M	1,309.23M	0.00M
Total Liabilities & Equity	645,846.00M	636,655.00M	608,488.00M	551,818.00M	12,501.00M	539,084.00M	515,942.00M	38,130.18M	5,406.99M	1,528.33M	11,518.40M	5,375.92M	7,430.41M	4,543.76M	5,635.73M	5,420.05M	11,065.47M	10,184.63M	1,553.59M	3,925.32M	7,166.62M	2,547.41M	1,809.71M	1,489.20M	1,486.39M	-123.07M
Tangible Assets	640,444.00M	632,191.00M	620,546.00M	659,131.00M	532,345.00M	518,984.00M	493,977.00M	477,555.60M	416,940.93M	401,779.68M	360,063.89M	339,417.28M	339,692.52M	288,475.41M	286,137.33M	234,342.22M	183,217.51M	165,281.76M	152,190.18M	150,717.43M	132,460.07M	114,699.85M	104,291.22M	71,712.85M	91,076.93M	87,918.89M
Tangible Equity	57,171.00M	0.00M	55,876.00M	51,053.00M	48,329.00M	48,366.00M	45,141.00M	42,125.92M	36,802.20M	36,415.43M	33,955.55M	31,659.72M	11,947.06M	8,902.09M	9,241.60M	9,790.68M	11,065.47M	10,184.63M	9,323.58M	6,681.36M	-55,155.86M	-54,801.76M	1,261.44M	-768.09M	-889.46M	-2,324.52M
Tangible Book Value	57,171.00M	0.00M	55,876.00M	51,053.00M	48,329.00M	48,366.00M	45,141.00M	42,125.92M	36,802.20M	36,415.43M	33,955.55M	31,659.72M	11,947.06M	8,902.09M	9,241.60M	9,790.68M	11,065.47M	10,184.63M	9,323.58M	6,681.36M	-55,155.86M	-54,801.76M	1,261.44M	-768.09M	-889.46M	-2,324.52M
Total Investments	371,206.00M	0.00M	337,279.00M	89,211.00M	73,717.00M	15,437.00M	19,856.00M	60,833.70M	56,501.27M	55,151.54M	49,936.57M	46,036.38M	47,811.49M	40,592.92M	37,584.86M	41,987.60M	36,447.60M	20,685.61M	20,778.46M	15,389.33M	10,341.95M	8,482.76M	8,277.47M	7,205.73M	6,950.88M	0.00M
Net Debt	13,394.00M	0.00M	14,438.00M	-49,620.00M	-61,651.00M	-50,081.00M	-57,434.00M	-45,906.28M	-53,349.50M	-64,069.87M	-52,048.71M	-52,632.00M	-57,283.24M	-51,863.11M	-34,556.89M	-41,511.18M	-30,061.52M	-28,991.79M	-22,381.05M	-23,501.51M	-610.67M	-4,182.03M	-3,616.60M	-4,035.86M	-2,858.40M	-2,014.10M

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
Working Capital	-372,142.0M	0.0M	-326,005.0M	-173,683.0M	83,498.0M	-212,539.0M	-180,497.0M	63,705.2M	61,353.1M	73,730.3M	62,185.6M	60,823.0M	75,862.9M	66,602.3M	53,965.8M	41,333.1M	29,922.5M	28,872.7M	22,381.0M	23,501.5M	65,231.3M	59,772.5M	4,005.4M	4,278.8M	2,977.8M	2,319.8M
Total Capital	105,988.0M	61,566.0M	91,103.0M	79,693.0M	75,714.0M	81,245.0M	83,841.0M	77,223.2M	72,731.0M	71,680.9M	57,341.0M	58,285.6M	60,266.6M	52,145.9M	37,754.3M	35,633.9M	27,644.7M	25,834.0M	21,883.2M	20,647.2M	18,534.9M	12,337.9M	11,242.0M	10,058.9M	9,224.2M	8,832.2M
Capital Employed	224,609.0M	636,655.0M	220,577.0M	334,489.0M	558,835.0M	299,907.0M	309,704.0M	490,758.4M	466,629.4M	454,161.7M	409,004.3M	389,310.0M	400,358.2M	337,929.1M	295,442.2M	277,579.6M	229,143.8M	194,180.4M	181,385.2M	174,607.3M	148,986.2M	129,376.9M	119,722.2M	84,312.2M	93,098.4M	94,249.2M
Invested Capital	72,241.0M	61,566.0M	38,350.0M	30,073.0M	14,063.0M	31,164.0M	26,407.0M	21,740.9M	19,381.5M	7,611.0M	5,292.3M	5,653.6M	-7,295.7M	-7,015.2M	-8,752.5M	-5,877.3M	-2,416.8M	-3,157.7M	-497.9M	-2,854.3M	12,793.6M	8,155.8M	7,625.4M	6,023.1M	6,365.8M	6,818.1M

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
Net Income	11,286.00M	10,813.00M	8,976.00M	8,401.00M	6,939.00M	4,858.00M	4,165.00M	5,800.42M	5,552.41M	5,215.72M	4,275.37M	4,824.58M	4,763.21M	3,567.29M	4,961.86M	2,955.19M	2,880.23M	2,542.86M	2,084.50M	2,539.34M	2,106.07M	1,397.46M	1,235.70M	955.76M	668.84M	781.27M
Depreciation & Amortization	256.00M	543.00M	522.00M	550.00M	533.00M	493.00M	528.00M	504.76M	418.82M	418.52M	404.38M	390.96M	322.20M	264.64M	244.10M	227.77M	206.38M	181.86M	162.11M	150.49M	147.33M	127.68M	85.67M	101.67M	83.75M	0.00M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	-1,059.00M	-1,122.00M	-910.52M	-930.53M	-889.74M	-729.24M	-808.49M	-1,053.52M	-403.62M	-1,917.85M	-580.22M	72.30M	0.00M	-375.82M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	92.00M	0.00M	62.00M	61.00M	80.00M	73.00M	76.00M	69.00M	65.80M	55.95M	14.46M	11.21M	11.30M	13.60M	10.12M	10.22M	12.30M	9.39M	13.07M	10.02M	9.70M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	3,846.00M	5,811.00M	-3,927.00M	1,844.00M	2,905.00M	5,263.00M	10,505.00M	2,645.13M	1,581.92M	-13,447.30M	-6,817.93M	-1,381.01M	1,915.82M	-8,540.71M	1,172.66M	-5,638.66M	56.63M	2,667.72M	-6,251.03M	-13,100.43M	701.33M	-2,140.82M	-519.33M	1,329.74M	141.88M	2,231.68M
Accounts Receivable	0.00M	0.00M	-3,969.00M	3,285.00M	0.00M	4,087.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	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
Other Working Capital	3,846.00M	0.00M	42.00M	-1,441.00M	4,910.00M	5,263.00M	1,149.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-3,848.00M	-2,855.00M	-1,669.00M	-1,729.00M	-1,256.00M	723.00M	1,800.00M	74.96M	50.92M	484.55M	150.86M	183.33M	200.48M	228.55M	308.20M	440.12M	-356.78M	3.39M	279.89M	18,258.43M	-354.97M	-118.50M	-75.02M	-1.69M	504.60M	131.59M
Net Cash from Operating Activities	11,632.00M	13,226.00M	3,964.00M	9,127.00M	8,932.00M	10,798.00M	6,482.00M	8,184.09M	6,739.34M	-8,162.30M	-2,702.11M	3,220.59M	6,159.49M	-4,870.25M	4,779.09M	-2,585.56M	2,871.05M	5,405.22M	-4,087.28M	7,857.84M	2,599.75M	-734.19M	727.02M	2,385.47M	1,315.31M	3,144.53M
Capital Expenditures (PPE)	-23,300.00M	-47,147.00M	-614.00M	-537.00M	-479.00M	-42,079.00M	-384.00M	-368.27M	-297.20M	-263.34M	-422.05M	-341.45M	-332.10M	-335.76M	-303.23M	-250.89M	-183.18M	-200.01M	-277.66M	-237.58M	-136.30M	-146.98M	-63.27M	-46.54M	-67.05M	-152.02M
Acquisitions (Net)	20.00M	89.00M	44.00M	1.00M	128.00M	-514.00M	-386.00M	16.45M	-79.84M	501.46M	2,774.14M	-25.05M	-900.50M	16.60M	17.87M	-126.66M	-2,037.46M	-91.72M	-119.54M	49.11M	-420.31M	0.00M	-22.68M	69.44M	8.14M	27.12M
Purchases of Investments	-45,763.00M	-32,656.00M	-79,587.00M	-32,656.00M	-14,535.00M	-20,049.00M	-20,037.00M	-14,878.18M	-13,970.84M	-21,307.24M	-12,406.80M	-12,536.53M	-11,375.09M	-11,357.32M	-5,694.80M	-6,371.05M	-6,357.41M	-3,130.28M	-4,424.30M	-6,920.90M	-2,856.50M	0.00M	-2,361.82M	-2,979.30M	-2,064.13M	-3,527.95M
Sales / Maturities of Investments	34,038.00M	18,038.00M	75,698.00M	18,038.00M	15,513.00M	14,256.00M	12,137.00M	13,315.75M	11,941.26M	20,084.23M	12,543.82M	12,806.02M	11,216.40M	7,344.12M	6,706.53M	4,798.32M	4,017.88M	3,391.89M	5,218.72M	2,686.07M	3,179.78M	0.00M	2,157.32M	1,526.83M	1,370.99M	1,477.03M
Other Investing Activities	26,095.00M	42,675.00M	127.00M	4,701.00M	-1,034.00M	18,014.00M	36,818.00M	150.13M	148.23M	157.32M	311.85M	156.77M	28.88M	47.60M	135.22M	54.83M	33.14M	31.51M	12.93M	192.62M	265.20M	2,307.07M	244.11M	57.61M	40.69M	-1,236.09M
Net Cash from Investing Activities	-8,910.00M	-28,701.00M	-4,332.00M	-10,454.00M	-1,513.00M	-29,706.00M	-9,326.00M	-1,764.12M	-2,258.39M	-827.57M	2,800.96M	59.76M	-1,362.41M	-4,284.76M	861.59M	-1,895.45M	-4,527.04M	1.40M	410.15M	-4,230.68M	128.90M	2,160.09M	-46.34M	-1,371.96M	-711.36M	-3,411.91M
Net Debt Issuance	2,505.00M	-6,561.00M	5,499.00M	4,752.00M	2,939.00M	-4,240.00M	-4,560.00M	-808.00M	-1,948.79M	13,721.88M	-3,619.31M	-5,500.78M	1,324.29M	15,271.77M	-1,485.84M	11,545.51M	-588.68M	1,054.31M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Debt Issuance	4,762.00M	-6,561.00M	4,370.00M	4,752.00M	2,939.00M	-4,240.00M	-5,596.00M	-808.00M	-1,948.79M	13,721.88M	-3,619.31M	-5,001.63M	1,324.29M	15,271.77M	-1,485.84M	6,400.74M	0.00M	1,054.31M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt Issuance	-2,257.00M	0.00M	1,129.00M	0.00M	0.00M	-1,256.00M	1,129.00M	0.00M	-859.94M	0.00M	0.00M	-499.14M	0.00M	0.00M	0.00M	5,144.77M	-588.68M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-291.00M	-1,205.00M	-42.00M	-93.00M	-100.00M	-266.00M	-47.00M	-104.00M	-2,608.12M	-45.56M	-107.00M	-972.14M	3,232.99M	-1,556.23M	888.62M	-48.56M	-42.26M	29.76M	2,556.86M	82.19M	-435.64M	191.72M	-337.42M	15.06M	27.41M	21.18M
Common Stock Issuance	131.00M	112.00M	152.00M	112.00M	150.00M	140.00M	16.00M	87.53M	106.58M	178.35M	10.25M	85.00M	3,394.63M	94.16M	50.97M	43.57M	77.98M	29.76M	58.20M	82.19M	0.00M	0.00M	45.83M	15.06M	27.41M	21.18M
Common Stock Repurchased	-422.00M	-205.00M	-194.00M	-205.00M	-250.00M	-406.00M	-63.00M	-191.35M	-2,714.69M	-223.91M	-117.25M	-117.50M	-161.63M	-150.38M	-162.18M	-92.13M	-42.26M	0.00M	0.00M	0.00M	-435.64M	-452.66M	-337.42M	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	-2,500.00M	0.00M	0.00M	-939.65M	0.00M	-1,500.00M	999.83M	0.00M	0.00M	0.00M	2,498.66M	0.00M	0.00M	575.95M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-6,588.00M	-3,733.00M	-3,987.00M	-3,733.00M	-2,620.00M	-1,544.00M	-1,467.00M	-601.79M	-1,134.53M	-1,674.36M	-949.90M	-332.75M	-255.35M	-1,255.53M	-1,173.09M	-275.03M	-279.09M	-285.73M	-926.58M	-840.70M	-731.89M	-589.83M	-384.68M	-723.39M	-181.12M	0.00M
Common Dividends Paid	-6,588.00M	-3,733.00M	-3,987.00M	-3,733.00M	-2,620.00M	-1,544.00M	-1,467.00M	-602.00M	-1,134.53M	-1,674.36M	-949.90M	-332.75M	-255.35M	-1,255.53M	-1,173.09M	-275.03M	-279.09M	-285.73M	-926.58M	-840.70M	-731.89M	-589.83M	-384.68M	-723.39M	-181.12M	0.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.21M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-261.24M	0.00M	0.00M	-39.13M	-39.13M	-39.23M	0.00M	0.00M	0.00M
Other Financing Activities	30,108.00M	26,439.00M	-1,400.00M	-571.00M	409.00M	27,418.00M	11,992.00M	-118.21M	997.78M	-17.08M	-142.73M	332.38M	-3,208.77M	-81.54M	-172.71M	-5,338.58M	865.95M	-114.62M	841.06M	-183.82M	12,708.38M	-539.90M	3,099.76M	574.55M	131.34M	3,506.32M
Net Cash from Financing Activities	25,734.00M	14,940.00M	70.00M	355.00M	628.00M	20,022.00M	5,914.00M	-1,632.42M	-4,693.66M	11,984.88M	-4,818.94M	-6,473.30M	1,093.16M	12,378.47M	-1,943.02M	5,883.34M	-44.08M	683.72M	2,471.34M	-942.33M	-1,147.06M	-862.30M	16.99M	-133.77M	-22.37M	3,527.49M
Effect of FX on Cash	399.00M	0.00M	257.00M	-142.00M	-773.00M	282.00M	253.00M	-113.37M	-236.37M	-336.95M	-4.29M	-230.17M	82.81M	-279.49M	-197.44M	1.38M	21.84M	53.09M	-162.92M	-29.78M	-22.31M	1.82M	-46.58M	-1,013.52M	-603.95M	267.38M
Net Change in Cash	27,446.00M	-535.00M	-41.00M	-1,114.00M	7,274.00M	632.00M	4,018.00M	4,674.19M	-449.08M	2,658.07M	-4,724.37M	-3,423.12M	5,973.04M	2,943.98M	3,500.23M	1,403.71M	-1,678.23M	6,143.43M	-1,368.71M	2,655.06M	1,559.29M	565.43M	651.08M	888.30M	484.75M	3,359.82M
Cash at Beginning of Period	0.00M	0.00M	28,870.00M	29,984.00M	22,710.00M	22,078.00M	18,060.00M	13,385.52M	13,834.60M	11,176.53M	15,900.90M	19,324.01M	19,340.81M	16,396.83M	12,896.61M	11,492.89M	13,171.12M	7,027.69M	8,396.40M	5,741.34M	4,182.06M	3,616.60M	10,697.58M	9,809.28M	9,324.53M	5,964.72M
Cash at End of Period	59,697.00M	-535.00M	28,829.00M	28,870.00M	29,984.00M	22,710.00M	22,078.00M	18,059.71M	13,385.52M	13,834.60M	11,176.53M	15,900.90M	25,313.85M	19,340.81M	16,396.83M	12,896.61M	11,492.89M	13,171.12M	7,027.69M	8,396.40M	5,741.34M	4,182.03M	11,348.66M	10,697.58M	9,809.28M	9,324.53M
Operating Cash Flow	11,632.00M	13,226.00M	3,964.00M	9,127.00M	8,932.00M	10,798.00M	6,482.00M	8,184.09M	6,739.34M	-8,162.30M	-2,702.11M	3,220.59M	6,159.49M	-4,870.25M	4,779.09M	-2,585.56M	2,871.05M	5,405.22M	-4,087.28M	7,857.84M	2,599.75M	-734.19M	727.02M	2,385.47M	1,315.31M	3,144.53M
Capital Expenditure	-869.00M	-47,147.00M	-614.00M	-537.00M	-479.00M	-443.00M	-384.00M	-368.27M	-297.20M	-263.34M	-422.05M	-341.45M	-332.10M	-335.76M	-303.23M	-250.89M	-183.18M	-200.01M	-277.66M	-237.58M	-136.30M	-146.98M	-63.27M	-46.54M	-67.05M	-152.02M
Free Cash Flow	10,763.00M	-33,921.00M	3,350.00M	8,590.00M	8,453.00M	13,840.00M	15,253.00M	7,815.82M	6,442.14M	-8,425.63M	-3,124.15M	2,879.14M	5,827.39M	-5,206.01M	4,475.85M	-2,836.45M	2,687.87M	5,205.21M	-4,364.95M	7,620.26M	2,463.46M	-881.16M	663.75M	2,338.94M	1,248.26M	2,992.51M

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
EBITDA	21,421.00M	16,826.00M	10,468.00M	9,720.00M	8,391.00M	10,242.00M	8,612.00M	11,255.00M	10,043.01M	9,837.19M	8,732.35M	9,023.59M	8,607.69M	6,848.72M	8,108.56M	5,829.81M	5,531.11M	4,996.86M	4,588.85M	4,431.10M	3,265.25M	2,380.81M	2,323.50M	1,816.84M	1,840.62M	1,737.71M
(-) Tax Adjustment	3,345.52M	2,416.41M	1,432.12M	1,430.06M	1,278.18M	1,168.45M	903.59M	1,509.72M	1,586.62M	1,549.00M	1,284.46M	1,340.62M	1,242.39M	1,147.67M	1,142.15M	940.18M	1,203.62M	1,140.61M	737.60M	425.11M	624.72M	568.90M	534.23M	397.88M	485.53M	353.27M
(-) Change In Working Capital	3,846.00M	5,811.00M	-3,927.00M	1,844.00M	2,905.00M	5,263.00M	10,505.00M	2,645.13M	1,581.92M	-13,447.30M	-6,817.93M	-1,381.01M	1,915.82M	-8,540.71M	1,172.66M	-5,638.66M	56.63M	2,667.72M	-6,251.03M	-13,100.43M	701.33M	-2,140.82M	-519.33M	1,329.74M	141.88M	2,231.68M
(-) Capital Expenditure	-869.00M	-47,147.00M	-614.00M	-537.00M	-479.00M	-443.00M	-384.00M	-368.27M	-297.20M	-263.34M	-422.05M	-341.45M	-332.10M	-335.76M	-303.23M	-250.89M	-183.18M	-200.01M	-277.66M	-237.58M	-136.30M	-146.98M	-63.27M	-46.54M	-67.05M	-152.02M
Unlevered Free Cash Flow	13,360.48M	-38,548.41M	12,348.88M	5,908.94M	3,728.82M	3,367.55M	-3,180.59M	6,731.88M	6,577.27M	21,472.15M	13,843.78M	8,722.53M	5,117.38M	13,906.00M	5,490.53M	10,277.39M	4,087.67M	988.52M	9,824.61M	16,868.85M	1,802.91M	3,805.76M	2,245.33M	42.70M	1,146.16M	-999.27M
(-) Net Interest Income After Taxes	17,084.83M	12,450.17M	8,420.43M	8,225.98M	6,516.91M	5,187.04M	5,340.04M	5,481.77M	4,959.58M	4,569.18M	4,309.00M	4,418.44M	4,052.54M	3,232.17M	3,219.85M	2,860.42M	2,305.61M	2,180.32M	2,336.00M	2,028.91M	1,450.81M	1,215.69M	1,168.64M	1,120.74M	1,111.30M	1,108.93M
Net Debt Issuance	2,505.00M	-6,561.00M	5,499.00M	4,752.00M	2,939.00M	-4,240.00M	-4,560.00M	-808.00M	-1,948.79M	13,721.88M	-3,619.31M	-5,500.78M	1,324.29M	15,271.77M	-1,485.84M	11,545.51M	-588.68M	1,054.31M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Levered Free Cash Flow	-1,219.35M	-57,559.58M	9,427.45M	2,434.97M	150.91M	-6,059.49M	-13,080.62M	442.11M	-331.09M	30,624.86M	5,915.47M	-1,196.68M	2,389.13M	25,945.60M	784.84M	18,962.48M	1,193.38M	-137.49M	7,488.61M	14,839.94M	352.10M	2,590.06M	1,076.69M	-1,078.05M	34.86M	-2,108.20M