Iochpe-Maxion S.A. (MYPK3.SA)

Industry: Auto - Parts Sector: Consumer Cyclical Currency Used: BR Live Price: $10.01

Enterprise Value

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Stock Price	12.31	12.04	12.69	13.26	15.26	13.44	21.61	22.52	19.53	13.63	12.31	17.47	25.72	28.37	21.51	18.74
Market Capitalization	1,843.17M	1,805.66M	1,922.41M	2,008.66M	2,325.58M	2,045.98M	3,269.75M	3,336.51M	2,391.50M	1,294.13M	1,144.24M	1,733.99M	2,512.25M	2,731.21M	2,072.35M	1,808.67M
(-) Cash & Equivalents	1,745.46M	2,338.18M	2,770.09M	1,667.55M	1,239.82M	1,443.39M	526.41M	476.52M	607.97M	460.50M	687.57M	553.31M	457.56M	375.70M	184.81M	77.94M
(+) Total Debt	5,683.48M	6,305.93M	6,692.97M	6,095.65M	5,524.00M	4,957.36M	3,144.22M	2,899.14M	2,847.39M	3,152.73M	3,281.44M	2,802.23M	2,641.39M	2,807.95M	834.59M	359.86M
Enterprise Value	5,781.20M	5,773.42M	5,845.29M	6,436.76M	6,609.76M	5,559.95M	5,887.57M	5,759.13M	4,630.92M	3,986.36M	3,738.11M	3,982.91M	4,696.07M	5,163.46M	2,722.13M	2,090.59M

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
Revenue	15,757M	14,906M	15,332M	14,955M	16,948M	13,688M	8,761M	10,016M	9,616M	7,488M	6,816M	6,846M	5,912M	5,892M	5,269M	2,905M	2,227M	1,318M	1,828M	1,289M	1,248M	1,494M	1,099M
Cost of Revenue	13,835M	13,188M	13,510M	13,447M	15,139M	11,984M	8,195M	8,831M	8,298M	6,333M	5,845M	5,954M	5,094M	5,033M	4,713M	2,353M	1,811M	1,115M	1,471M	1,054M	1,028M	1,205M	871M
Gross Profit	1,922M	1,719M	1,821M	1,508M	1,809M	1,704M	565M	1,185M	1,318M	1,155M	972M	892M	817M	859M	557M	552M	417M	203M	357M	236M	219M	289M	228M
Gross Profit Margin	12.2%	11.5%	11.9%	10.1%	10.7%	12.4%	6.5%	11.8%	13.7%	15.4%	14.3%	13.0%	13.8%	14.6%	10.6%	19.0%	18.7%	15.4%	19.5%	18.3%	17.6%	19.3%	20.7%
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
SG&A Expenses	916M	759M	799M	758M	743M	741M	564M	556M	570M	561M	535M	485M	392M	411M	264M	196M	154M	108M	126M	103M	94M	109M	94M
Operating Expenses	916M	744M	800M	718M	782M	428M	619M	509M	617M	658M	492M	442M	400M	406M	421M	194M	155M	108M	125M	110M	104M	148M	101M
Operating Income (EBIT)	1,006M	974M	1,021M	790M	1,026M	1,277M	-53M	676M	701M	497M	479M	450M	418M	454M	136M	358M	262M	95M	232M	126M	115M	140M	127M
Operating Income Margin	6.4%	6.5%	6.7%	5.3%	6.1%	9.3%	-0.6%	6.8%	7.3%	6.6%	7.0%	6.6%	7.1%	7.7%	2.6%	12.3%	11.7%	7.2%	12.7%	9.8%	9.2%	9.4%	11.5%
Interest Income	62M	74M	-19M	149M	9M	3M	3M	-2M	-2M	1M	2M	0M	-1M	7M	11M	30M	25M	16M	-1M	7M	3M	2M	7M
Interest Expense	626M	623M	555M	615M	592M	370M	239M	169M	218M	239M	357M	331M	266M	214M	156M	43M	54M	29M	27M	23M	18M	27M	40M
Net Interest Income	-564M	-549M	-575M	-466M	-583M	-368M	-236M	-171M	-220M	-238M	-355M	-331M	-267M	-206M	-144M	-13M	-30M	-13M	-28M	-16M	-15M	-25M	-33M
Unusual Items	-10M	59M	139M	-60M	185M	48M	-129M	1M	-1M	-109M	10M	14M	10M	-6M	144M	-2M	0M	-1M	0M	7M	-7M	4M	-21M
EBT Excluding Unusual Items	442M	425M	446M	324M	443M	909M	-289M	505M	481M	258M	124M	119M	151M	247M	-9M	346M	232M	82M	204M	110M	100M	116M	94M
Pre-Tax Income	432M	485M	585M	265M	628M	957M	-418M	506M	481M	149M	135M	133M	161M	241M	136M	343M	232M	81M	204M	116M	93M	120M	74M
Pre-Tax Margin	2.7%	3.3%	3.8%	1.8%	3.7%	7.0%	-4.8%	5.1%	5.0%	2.0%	2.0%	1.9%	2.7%	4.1%	2.6%	11.8%	10.4%	6.1%	11.2%	9.0%	7.4%	8.0%	6.7%
Income Tax Expense	116M	192M	205M	159M	224M	330M	2M	85M	175M	69M	46M	13M	43M	29M	30M	120M	68M	25M	-10M	44M	35M	48M	23M
Net Income	201M	189M	265M	31M	279M	537M	-492M	337M	201M	6M	22M	49M	68M	170M	67M	223M	164M	55M	214M	72M	58M	72M	51M
Net Income Margin	1.3%	1.3%	1.7%	0.2%	1.6%	3.9%	-5.6%	3.4%	2.1%	0.1%	0.3%	0.7%	1.1%	2.9%	1.3%	7.7%	7.4%	4.2%	11.7%	5.6%	4.6%	4.8%	4.6%
Depreciation & Amortization	551M	488M	503M	470M	491M	560M	557M	420M	356M	302M	317M	301M	229M	212M	173M	53M	51M	45M	36M	31M	26M	27M	29M
EBITDA	1,557M	1,462M	1,524M	1,260M	1,517M	1,836M	504M	1,096M	1,057M	799M	796M	751M	647M	666M	309M	411M	312M	140M	268M	157M	141M	168M	155M
EBITDA Margin	9.9%	9.8%	9.9%	8.4%	9.0%	13.4%	5.7%	10.9%	11.0%	10.7%	11.7%	11.0%	10.9%	11.3%	5.9%	14.2%	14.0%	10.6%	14.7%	12.2%	11.3%	11.2%	14.2%
NOPAT	737M	589M	663M	316M	660M	836M	-42M	563M	447M	267M	317M	406M	306M	398M	106M	233M	185M	65M	243M	78M	72M	84M	88M
NOPAT Margin	4.7%	3.9%	4.3%	2.1%	3.9%	6.1%	-0.5%	5.6%	4.6%	3.6%	4.6%	5.9%	5.2%	6.8%	2.0%	8.0%	8.3%	4.9%	13.3%	6.1%	5.7%	5.6%	8.0%
Owner's Earnings	192M	73M	177M	-4M	282M	627M	-271M	273M	86M	71M	45M	29M	-5M	133M	-7M	79M	120M	-212M	137M	35M	16M	15M	25M
Owner's Earnings Margin	1.2%	0.5%	1.2%	0.0%	1.7%	4.6%	-3.1%	2.7%	0.9%	0.9%	0.7%	0.4%	-0.1%	2.3%	-0.1%	2.7%	5.4%	-16.1%	7.5%	2.7%	1.3%	1.0%	2.3%
EPS (Basic)	1.34	1.26	1.77	0.20	1.84	3.53	-3.23	2.23	1.35	0.05	0.23	0.51	0.70	1.77	0.69	2.32	1.70	0.57	2.22	0.67	0.53	0.67	0.47
EPS (Diluted)	1.34	1.26	1.77	0.20	1.84	3.53	-3.23	2.23	1.35	0.05	0.23	0.51	0.70	1.59	0.69	2.31	1.70	0.57	2.22	0.67	0.53	0.67	0.47
Shares (Basic)	150M	150M	150M	151M	152M	152M	152M	151M	149M	129M	95M	96M	96M	96M	96M	96M	97M	97M	97M	108M	108M	108M	108M
Shares (Diluted)	150M	150M	150M	151M	152M	152M	152M	151M	149M	129M	95M	97M	96M	107M	97M	97M	97M	97M	97M	108M	108M	108M	108M

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
Cash & Cash Equivalents	1,624.95M	1,678.69M	2,463.48M	2,962.37M	2,287.05M	1,088.11M	1,605.44M	646.14M	486.90M	543.33M	431.60M	739.26M	717.08M	662.23M	501.36M	291.48M	57.64M	55.30M	90.04M	151.52M	88.18M	51.96M	31.47M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	45.84M	265.48M	122.93M	0.00M	0.00M	0.00M	0.00M	42.46M
Cash & Short-Term Investments	1,624.95M	1,678.69M	2,463.48M	2,962.37M	2,287.05M	1,088.11M	1,605.44M	646.14M	486.90M	543.33M	431.60M	739.26M	717.08M	662.23M	501.36M	337.32M	323.12M	178.23M	90.04M	151.52M	88.18M	51.96M	73.93M
Net Receivables	2,277.66M	1,879.73M	1,615.67M	2,122.72M	2,206.64M	1,980.97M	1,518.96M	1,139.22M	1,331.56M	1,134.85M	919.78M	952.29M	737.08M	779.15M	808.61M	452.19M	279.14M	224.55M	256.75M	146.10M	133.63M	160.14M	148.78M
Inventory	2,568.16M	2,621.38M	2,442.00M	2,320.31M	2,702.08M	3,196.69M	1,748.50M	1,328.47M	1,448.02M	1,191.45M	865.03M	854.67M	678.19M	639.06M	615.77M	382.50M	321.04M	199.88M	244.53M	173.18M	122.76M	142.49M	152.91M
Other Current Assets	27.71M	605.53M	747.44M	28.28M	632.83M	532.64M	239.88M	223.59M	237.68M	159.48M	209.87M	151.05M	111.71M	116.51M	16.84M	21.86M	17.35M	0.00M	35.52M	30.95M	32.74M	18.61M	10.37M
Total Current Assets	6,498.48M	6,785.33M	7,268.59M	7,433.67M	7,828.60M	6,798.42M	5,112.78M	3,337.41M	3,504.16M	3,029.11M	2,426.28M	2,697.26M	2,244.05M	2,196.94M	1,942.58M	1,193.87M	940.65M	602.66M	626.84M	501.75M	377.31M	373.20M	385.98M
Property, Plant & Equipment	4,766.35M	4,841.00M	5,061.61M	4,118.26M	4,091.05M	4,306.15M	4,305.08M	3,664.74M	3,398.33M	3,023.09M	2,919.88M	3,358.91M	2,741.96M	2,616.90M	2,413.26M	1,106.58M	948.18M	902.65M	379.33M	305.26M	271.21M	229.12M	171.81M
Goodwill	1,971.12M	2,026.18M	2,105.73M	1,722.26M	1,810.20M	2,016.21M	1,908.26M	1,484.65M	1,428.01M	1,222.19M	1,204.43M	1,439.01M	985.39M	871.66M	760.72M	21.40M	0.00M	20.29M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	223.20M	235.22M	254.29M	247.05M	275.37M	332.21M	311.62M	255.49M	239.07M	198.23M	197.62M	247.37M	165.40M	154.35M	137.98M	6.03M	26.58M	4.80M	256.75M	146.10M	0.00M	0.00M	148.78M
Long-Term Investments	472.97M	464.01M	230.04M	442.56M	387.98M	324.27M	95.28M	74.61M	46.80M	47.34M	81.43M	129.10M	12.35M	19.40M	129.36M	27.93M	-265.25M	-122.57M	0.00M	0.00M	0.00M	0.00M	5.49M
Tax Assets	290.50M	293.89M	334.04M	255.41M	269.03M	323.12M	419.16M	306.63M	257.52M	257.24M	188.48M	88.13M	74.26M	85.74M	64.72M	70.43M	91.93M	103.62M	82.36M	19.90M	28.91M	32.35M	40.09M
Other Non-Current Assets	135.87M	133.58M	584.71M	234.43M	338.75M	694.33M	210.47M	231.67M	125.66M	125.40M	100.57M	153.80M	51.73M	68.72M	254.04M	59.96M	341.53M	178.11M	37.54M	25.78M	14.58M	33.09M	22.00M
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	-148.27M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	7,860.00M	7,993.89M	8,570.42M	7,019.96M	7,172.39M	7,996.29M	7,249.88M	6,017.79M	5,495.39M	4,873.49M	4,692.40M	5,416.33M	4,031.10M	3,816.76M	3,611.80M	1,292.33M	1,142.97M	1,086.91M	755.98M	497.04M	314.70M	294.57M	388.16M
Total Assets	14,358.48M	14,779.22M	15,839.01M	14,453.64M	15,000.99M	14,794.71M	12,362.66M	9,355.20M	8,999.55M	7,902.59M	7,118.68M	8,113.59M	6,275.15M	6,013.71M	5,554.39M	2,486.20M	2,083.62M	1,689.57M	1,382.82M	998.79M	692.01M	667.77M	774.14M
Accounts Payable	2,100.21M	2,441.74M	2,263.04M	1,906.47M	2,294.57M	2,269.46M	1,463.59M	1,126.82M	1,316.90M	1,056.30M	856.08M	936.49M	818.66M	630.47M	571.12M	225.81M	150.11M	108.41M	60.97M	62.09M	46.60M	66.56M	68.31M
Short-Term Debt	390.58M	354.68M	614.71M	1,631.60M	1,043.61M	1,481.78M	1,907.56M	648.70M	1,076.15M	1,352.54M	1,182.81M	1,684.70M	1,071.04M	712.30M	652.42M	326.98M	138.40M	276.22M	219.89M	131.82M	125.46M	79.20M	116.85M
Tax Payables	0.00M	153.54M	210.90M	126.80M	317.48M	220.55M	90.40M	121.06M	121.64M	130.11M	77.10M	55.90M	55.79M	81.49M	64.25M	19.24M	12.51M	20.84M	2.89M	3.11M	1.05M	3.89M	25.05M
Deferred Revenue	36.29M	0.00M	50.63M	47.54M	66.56M	83.11M	58.85M	27.24M	109.03M	0.00M	55.94M	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	528.97M	1,077.05M	789.43M	453.96M	544.13M	603.88M	512.94M	728.73M	473.34M	227.25M	261.16M	341.55M	186.18M	225.59M	492.99M	393.26M	170.43M	93.50M	167.06M	71.70M	42.25M	73.71M	134.70M
Total Current Liabilities	3,056.04M	4,027.01M	3,928.71M	4,166.36M	4,266.36M	4,658.78M	4,033.36M	2,652.55M	3,097.05M	2,766.20M	2,433.09M	3,018.64M	2,131.68M	1,649.85M	1,780.78M	965.28M	471.45M	498.96M	450.80M	268.73M	215.35M	223.35M	344.90M
Long-Term Debt	5,240.58M	5,240.74M	5,774.05M	5,133.93M	5,433.38M	4,050.43M	3,212.83M	2,412.89M	1,737.56M	1,490.73M	1,877.28M	1,730.15M	1,821.36M	2,061.18M	2,089.12M	317.19M	592.87M	373.04M	125.60M	148.05M	95.06M	97.69M	58.98M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.25M	1.26M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	60.83M	127.63M	75.90M	47.57M	42.90M	120.73M	175.18M	174.55M	199.86M	169.03M	162.88M	164.66M	176.37M	240.64M	192.90M	145.43M	128.03M	0.00M	0.00M	0.00M	0.00M	0.00M	1.90M
Other Non-Current Liabilities	693.93M	661.86M	734.28M	650.20M	657.90M	783.53M	868.59M	707.38M	621.42M	571.13M	478.16M	575.03M	448.98M	454.58M	486.24M	50.48M	40.01M	148.94M	64.63M	65.01M	75.63M	71.61M	39.03M
Total Non-Current Liabilities	5,995.34M	6,030.23M	6,584.23M	5,831.70M	6,134.19M	4,954.68M	4,256.59M	3,295.07M	2,560.09M	2,230.89M	2,518.32M	2,469.84M	2,446.72M	2,756.39M	2,768.26M	513.09M	760.90M	521.97M	190.24M	213.06M	170.69M	169.31M	99.91M
Total Liabilities	9,051.38M	10,057.24M	10,512.94M	9,998.06M	10,400.54M	9,613.46M	8,289.95M	5,947.62M	5,657.14M	4,997.09M	4,951.41M	5,488.48M	4,578.40M	4,406.24M	4,549.03M	1,478.38M	1,232.35M	1,020.93M	641.03M	481.78M	386.05M	392.66M	444.81M
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	159.99M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	1,576.95M	1,576.95M	1,576.95M	1,576.95M	1,576.95M	1,576.95M	1,576.95M	1,576.95M	1,407.54M	1,277.40M	700.00M	700.00M	700.00M	700.00M	650.00M	500.00M	360.00M	261.46M	261.46M	161.46M	161.46M	161.46M	161.46M
Retained Earnings	134.59M	99.00M	807.71M	645.81M	623.45M	450.21M	0.00M	0.00M	393.16M	319.03M	309.89M	0.00M	256.55M	207.81M	138.42M	4.17M	4.60M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	2,549.46M	2,704.16M	2,235.60M	1,526.40M	1,760.86M	2,043.48M	1,914.23M	1,073.91M	1,147.28M	804.30M	782.05M	1,167.08M	432.65M	331.93M	0.00M	0.00M	0.00M	0.00M	-2.48M	0.00M	0.00M	0.00M	0.00M
Minority Interest	470.12M	443.83M	513.08M	391.40M	373.00M	356.38M	340.48M	268.50M	276.58M	242.65M	233.09M	303.04M	221.11M	224.08M	177.87M	0.00M	0.00M	0.00M	0.00M	0.00M	0.23M	0.18M	0.17M
Total Shareholders’ Equity	4,261.00M	4,380.12M	4,620.26M	3,749.17M	3,961.26M	4,070.64M	3,491.18M	2,650.87M	2,947.97M	2,400.73M	1,791.95M	1,867.08M	1,389.20M	1,399.73M	788.42M	504.17M	364.60M	261.46M	258.98M	161.46M	161.46M	161.46M	161.46M
Total Equity	4,731.12M	4,823.95M	5,133.34M	4,140.57M	4,334.26M	4,427.01M	3,831.66M	2,919.37M	3,224.55M	2,643.39M	2,025.04M	2,170.13M	1,610.31M	1,623.81M	966.29M	504.17M	364.60M	261.46M	258.98M	161.46M	161.69M	161.65M	161.63M
Total Liabilities & Equity	13,782.50M	14,881.19M	15,646.28M	14,138.63M	14,734.80M	14,040.48M	12,121.60M	8,866.99M	8,881.69M	7,640.47M	6,976.45M	7,658.61M	6,188.71M	6,030.05M	5,515.32M	1,982.55M	1,596.95M	1,282.40M	900.01M	643.24M	547.74M	554.30M	606.44M
Tangible Assets	12,164.17M	12,517.81M	13,478.99M	12,484.33M	12,915.41M	12,446.29M	10,142.78M	7,615.07M	7,332.47M	6,482.17M	5,716.64M	6,427.21M	5,124.36M	4,987.70M	4,655.69M	2,458.76M	2,057.04M	1,664.47M	1,126.07M	852.70M	692.01M	667.77M	625.36M
Tangible Equity	2,536.81M	2,562.54M	2,773.32M	2,171.26M	2,248.68M	2,078.60M	1,611.78M	1,179.23M	1,557.47M	1,222.96M	622.99M	483.75M	459.52M	597.81M	67.60M	476.74M	338.02M	236.37M	2.23M	15.37M	161.69M	161.65M	12.85M
Tangible Book Value	2,536.81M	2,562.54M	2,773.32M	2,171.26M	2,248.68M	2,078.60M	1,611.78M	1,179.23M	1,557.47M	1,222.96M	622.99M	483.75M	459.52M	597.81M	67.60M	476.74M	338.02M	236.37M	2.23M	15.37M	161.69M	161.65M	12.85M
Total Investments	472.97M	464.01M	230.04M	442.56M	129.20M	138.83M	95.28M	74.61M	46.80M	47.34M	81.43M	73.02M	12.35M	19.40M	35.60M	73.77M	0.23M	0.36M	0.40M	0.36M	0.36M	0.37M	47.95M
Net Debt	4,006.21M	3,916.73M	3,925.28M	3,803.17M	4,189.93M	4,444.10M	3,514.95M	2,415.45M	2,326.80M	2,299.95M	2,628.49M	2,675.60M	2,175.33M	2,111.25M	2,240.18M	352.68M	673.63M	593.95M	255.45M	128.35M	132.34M	124.93M	144.36M

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
Working Capital	2,804.1M	2,797.9M	3,084.8M	2,896.8M	3,117.9M	1,680.8M	809.5M	774.0M	262.0M	-12.1M	-157.0M	-360.9M	20.1M	384.8M	184.0M	139.4M	397.3M	110.4M	128.0M	168.5M	121.2M	104.8M	42.8M
Total Capital	9,829.8M	9,913.2M	10,946.7M	10,459.2M	10,396.8M	9,574.0M	8,582.7M	6,290.1M	5,735.7M	5,231.1M	4,844.1M	5,568.3M	4,275.8M	3,994.6M	3,654.6M	1,532.9M	1,510.7M	1,324.6M	788.4M	590.4M	485.5M	406.8M	362.1M
Capital Employed	10,664.1M	10,791.8M	11,655.2M	9,916.7M	10,427.0M	9,352.8M	8,059.4M	6,791.8M	5,757.4M	4,861.4M	4,535.4M	4,926.3M	4,051.2M	4,201.6M	3,666.5M	1,431.7M	1,540.3M	1,197.4M	633.2M	523.6M	435.9M	399.4M	286.3M
Invested Capital	8,204.9M	8,234.5M	8,483.2M	7,496.8M	8,109.7M	8,485.8M	6,977.2M	5,643.9M	5,248.8M	4,687.8M	4,412.5M	4,829.0M	3,558.7M	3,332.3M	3,153.2M	1,241.4M	1,453.0M	1,269.3M	698.4M	438.9M	397.3M	354.9M	330.6M

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
Net Income	249.30M	209.26M	264.72M	30.73M	404.17M	626.94M	-419.91M	421.42M	306.14M	80.21M	89.13M	119.85M	118.03M	211.30M	105.71M	343.08M	232.05M	80.55M	204.07M	72.39M	57.78M	72.13M	50.83M
Depreciation & Amortization	550.59M	488.01M	503.04M	470.29M	491.23M	559.85M	556.86M	419.55M	355.58M	302.00M	316.90M	301.46M	240.35M	212.34M	173.19M	52.91M	63.15M	44.86M	36.44M	31.01M	26.29M	27.12M	28.76M
Deferred Income Tax	3.85M	114.06M	205.38M	158.81M	0.00M	0.00M	2.21M	0.00M	0.00M	0.00M	0.00M	12.99M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	7.41M
Stock-Based Compensation	0.00M	0.00M	18.75M	0.00M	30.66M	0.00M	-0.01M	0.00M	0.00M	0.13M	0.11M	0.00M	0.00M	0.11M	0.37M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-153.66M	1,179.60M	1,132.91M	1,695.86M	892.62M	-1,211.38M	-105.06M	-110.03M	-156.50M	-205.77M	-51.92M	-240.37M	119.22M	100.51M	-261.88M	-117.57M	-235.54M	47.30M	-226.97M	-24.98M	-3.27M	-53.26M	-6.66M
Accounts Receivable	303.74M	169.80M	219.23M	792.70M	-473.69M	-640.58M	-147.56M	127.56M	-137.03M	-133.83M	-124.38M	-263.40M	29.00M	-44.73M	0.00M	0.00M	0.00M	32.28M	0.00M	0.00M	27.25M	0.00M	-58.28M
Inventory	-142.07M	226.03M	244.41M	307.81M	239.94M	-1,423.64M	-97.69M	156.16M	-144.75M	-262.14M	-76.97M	-192.05M	-66.94M	-6.25M	-46.27M	-61.47M	-121.15M	44.64M	-71.35M	-50.42M	19.74M	9.45M	-72.83M
Accounts Payable	-258.93M	1,010.03M	876.89M	682.24M	973.93M	764.54M	198.54M	0.00M	124.76M	120.79M	66.36M	117.83M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-30.04M	30.57M
Other Working Capital	-56.40M	-226.27M	-207.62M	-86.88M	152.43M	88.30M	-58.36M	-393.75M	0.52M	69.40M	83.08M	97.25M	157.17M	151.49M	-215.61M	-56.10M	-114.39M	-29.62M	-155.62M	25.45M	-50.26M	-32.67M	93.88M
Other Non-Cash Items	30.65M	-2.03M	72.21M	-362.40M	59.98M	-131.79M	81.29M	-73.26M	109.50M	126.83M	-100.26M	-43.98M	-14.78M	-27.79M	51.02M	150.97M	-21.96M	-66.99M	5.01M	16.83M	8.04M	15.00M	6.26M
Net Cash from Operating Activities	680.73M	1,988.89M	2,197.00M	1,993.30M	1,878.67M	-156.38M	113.17M	657.68M	614.72M	303.40M	253.96M	149.95M	462.82M	496.46M	68.41M	429.39M	37.70M	105.72M	18.56M	95.26M	88.84M	60.99M	86.60M
Capital Expenditures (PPE)	-563.41M	-596.96M	-588.66M	-503.18M	-485.77M	-470.32M	-317.19M	-459.07M	-443.48M	-225.43M	-290.17M	-317.84M	-300.72M	-247.98M	-248.78M	-197.40M	-95.72M	-291.31M	-113.40M	-68.39M	-67.75M	-84.01M	-54.31M
Acquisitions (Net)	0.00M	0.00M	-21.55M	-24.98M	0.00M	0.00M	0.00M	-40.84M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-60.93M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1,089.71M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	20.09M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	45.84M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	-12.89M	-45.09M	-12.73M	-2.01M	-2.87M	-14.72M	-18.60M	16.28M	-27.27M	-12.03M	15.63M	-3.68M	13.75M	-1.22M	0.00M	0.00M	0.00M	-20.88M	-5.65M	0.00M	-0.12M	0.00M	0.00M
Net Cash from Investing Activities	-576.30M	-642.04M	-622.94M	-530.17M	-488.65M	-485.04M	-335.79M	-524.47M	-470.75M	-237.46M	-274.54M	-321.52M	-286.96M	-249.20M	-1,292.66M	-197.40M	-95.72M	-312.19M	-119.05M	-68.39M	-67.87M	-84.01M	-54.31M
Net Debt Issuance	-271.29M	-966.29M	-999.08M	278.89M	1,136.67M	162.09M	1,193.72M	188.60M	-111.59M	-432.18M	-33.25M	82.31M	-9.32M	-85.95M	1,540.41M	107.69M	82.06M	329.48M	65.62M	59.35M	43.63M	15.31M	28.99M
Long-Term Debt Issuance	-305.68M	-975.80M	-999.08M	278.89M	1,169.30M	-901.60M	1,193.72M	188.60M	-111.59M	-432.18M	-33.25M	82.31M	-9.32M	-85.95M	1,540.41M	107.69M	82.06M	329.48M	65.62M	59.35M	43.63M	15.31M	28.99M
Short-Term Debt Issuance	34.40M	9.52M	0.00M	0.00M	-32.63M	1,063.69M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	-6.81M	-6.81M	-14.09M	-12.55M	0.00M	0.00M	36.95M	-13.14M	-4.62M	-2.16M	0.00M	0.00M	0.00M	-1.92M	-5.28M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	39.94M	0.00M	577.40M	0.00M	2,713.19M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Repurchased	0.00M	-6.81M	-6.81M	-14.09M	-12.55M	0.00M	0.00M	-2.99M	-13.14M	-4.62M	-2.16M	-28.62M	0.00M	0.00M	-1.92M	-5.28M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-577.40M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-104.22M	-13.05M	-13.14M	-105.24M	-200.87M	0.00M	-126.82M	-108.70M	-36.25M	-10.45M	-20.89M	-28.62M	-79.10M	-25.74M	-86.50M	-65.34M	-20.40M	-79.21M	-26.61M	-22.88M	-28.39M	-14.25M	0.00M
Common Dividends Paid	-104.22M	-13.05M	-13.14M	-105.24M	-200.87M	0.00M	-126.82M	-108.70M	-36.25M	-10.45M	-20.89M	-28.62M	-79.10M	-25.74M	-86.50M	-65.34M	-20.40M	-79.21M	-26.61M	-22.88M	-28.39M	-14.25M	0.00M
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
Other Financing Activities	-453.70M	-1,255.90M	-1,257.30M	-834.91M	-961.19M	-1,341.58M	-97.60M	-118.45M	-113.15M	449.19M	-77.68M	-57.03M	-57.87M	-31.37M	0.00M	0.00M	-31.10M	-25.72M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Cash from Financing Activities	-829.21M	-2,242.06M	-2,276.33M	-675.35M	-37.94M	-1,179.49M	969.30M	-1.59M	-274.13M	1.94M	-133.98M	-3.34M	-146.29M	-143.06M	1,451.99M	37.08M	30.56M	224.55M	39.01M	36.47M	15.24M	1.06M	28.99M
Effect of FX on Cash	11.68M	178.59M	203.38M	-112.46M	-153.14M	127.65M	212.63M	27.61M	73.73M	43.86M	-153.10M	197.08M	25.28M	56.67M	10.34M	0.71M	-1.25M	-1.96M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	-713.10M	-716.62M	-498.89M	675.31M	1,198.94M	-517.33M	959.30M	159.23M	-56.43M	111.73M	-307.66M	22.18M	54.85M	160.87M	238.08M	233.85M	2.34M	16.12M	-61.48M	63.34M	36.22M	-21.96M	0.00M
Cash at Beginning of Period	8,412.95M	10,568.21M	2,962.37M	2,287.05M	1,088.11M	1,605.44M	646.14M	486.90M	543.33M	431.60M	739.26M	717.08M	662.23M	501.36M	263.28M	57.64M	55.30M	39.18M	151.52M	88.18M	51.96M	73.93M	0.00M
Cash at End of Period	7,699.85M	9,851.59M	2,463.48M	2,962.37M	2,287.05M	1,088.11M	1,605.44M	646.14M	486.90M	543.33M	431.60M	739.26M	717.08M	662.23M	501.36M	291.48M	57.64M	55.30M	90.04M	151.52M	88.18M	51.96M	31.47M
Operating Cash Flow	680.73M	1,988.89M	2,197.00M	1,993.30M	1,878.67M	1,019.56M	113.17M	657.68M	614.72M	303.40M	276.64M	149.95M	462.82M	496.46M	68.41M	429.39M	37.70M	105.72M	18.56M	95.26M	88.84M	60.99M	86.60M
Capital Expenditure	-559.70M	-603.59M	-590.90M	-505.19M	-488.65M	-470.32M	-335.79M	-483.63M	-470.75M	-237.46M	-293.45M	-321.52M	-302.41M	-249.20M	-247.40M	-197.40M	-94.92M	-311.92M	-113.40M	-68.39M	-67.75M	-84.01M	-54.31M
Free Cash Flow	121.03M	1,385.30M	1,606.09M	1,488.11M	1,390.02M	534.52M	-222.63M	174.06M	143.98M	65.94M	-16.81M	-171.57M	160.41M	247.26M	-180.38M	231.99M	-58.03M	-206.47M	-94.84M	26.87M	21.09M	-23.02M	32.28M

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
EBITDA	1,555.96M	1,447.83M	1,525.93M	1,220.95M	1,557.28M	1,523.14M	558.53M	1,048.94M	1,104.26M	896.01M	753.39M	708.75M	654.45M	660.71M	466.10M	409.13M	312.94M	140.05M	267.86M	163.96M	151.63M	207.08M	162.06M
(-) Tax Adjustment	416.54M	506.74M	534.08M	427.33M	545.05M	525.18M	0.00M	175.95M	386.49M	313.60M	255.36M	69.32M	175.39M	80.54M	102.88M	142.68M	91.57M	44.19M	0.00M	57.38M	53.07M	72.48M	50.04M
(-) Change In Working Capital	-153.66M	1,179.60M	1,132.91M	1,695.86M	892.62M	-1,211.38M	-105.06M	-110.03M	-156.50M	-205.77M	-51.92M	-240.37M	119.22M	100.51M	-261.88M	-117.57M	-235.54M	47.30M	-226.97M	-24.98M	-3.27M	-53.26M	-6.66M
(-) Capital Expenditure	-559.70M	-603.59M	-590.90M	-505.19M	-488.65M	-470.32M	-335.79M	-483.63M	-470.75M	-237.46M	-293.45M	-321.52M	-302.41M	-249.20M	-247.40M	-197.40M	-94.92M	-311.92M	-113.40M	-68.39M	-67.75M	-84.01M	-54.31M
Unlevered Free Cash Flow	733.38M	-842.10M	-731.95M	-1,407.43M	-369.03M	1,739.02M	327.80M	499.39M	403.53M	550.72M	256.49M	558.28M	57.43M	230.45M	377.70M	186.62M	362.00M	-263.37M	381.44M	63.16M	34.08M	103.85M	64.36M
(-) Net Interest Income After Taxes	-412.70M	-356.93M	-373.61M	-302.63M	-378.92M	-240.98M	-235.75M	-142.38M	-143.06M	-155.00M	-234.64M	-298.29M	-195.39M	-181.30M	-112.54M	-8.27M	-20.87M	-8.87M	-27.58M	-10.49M	-9.75M	-16.10M	-22.52M
Net Debt Issuance	-271.29M	-966.29M	-999.08M	278.89M	1,136.67M	162.09M	1,193.72M	188.60M	-111.59M	-432.18M	-33.25M	82.31M	-9.32M	-85.95M	1,540.41M	107.69M	82.06M	329.48M	65.62M	59.35M	43.63M	15.31M	28.99M
Levered Free Cash Flow	874.79M	-1,451.46M	-1,357.42M	-825.91M	1,146.56M	2,142.09M	1,757.27M	830.38M	434.99M	273.54M	457.87M	938.88M	243.51M	325.80M	2,030.65M	302.59M	464.93M	74.99M	474.64M	133.00M	87.46M	135.27M	115.87M