Joint Stock Company "World Trade Center Moscow" (WTCM.ME)

Industry: Real Estate - Services Sector: Real Estate Currency Used: RU Live Price: $14.56

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Stock Price	14.56	12.35	7.67	9.55	9.19	7.68	7.56	7.75	9.53	9.43	10.88	10.45	9.58	12.60	11.39
Market Capitalization	13,663.03M	11,245.80M	6,984.24M	8,696.14M	8,372.09M	6,996.48M	8,015.11M	7,949.54M	8,674.35M	8,586.75M	10,854.20M	11,317.35M	9,879.13M	13,161.38M	12,335.37M
(-) Cash & Equivalents	13,154.93M	8,578.03M	4,067.47M	1,636.04M	2,564.43M	1,732.52M	2,489.35M	2,108.00M	1,569.48M	773.14M	2,259.35M	1,133.07M	1,861.97M	1,475.11M	0.00M
(+) Total Debt	0.00M	0.19M	0.38M	0.38M	1.16M	0.38M	0.38M	0.38M	0.45M	0.52M	0.26M	0.19M	0.00M	0.00M	0.00M
Enterprise Value	508.09M	2,667.96M	2,917.15M	7,060.49M	5,808.81M	5,264.34M	5,526.14M	5,841.93M	7,105.32M	7,814.14M	8,595.11M	10,184.47M	8,017.16M	11,686.27M	12,335.37M

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
Revenue	19,002M	12,477M	9,592M	8,362M	6,869M	6,605M	5,216M	7,208M	7,249M	6,288M	6,001M	5,722M	6,252M	6,328M	6,105M	5,077M	4,137M	4,041M	4,292M
Cost of Revenue	1,548M	2,723M	0M	0M	2,669M	2,627M	2,395M	3,120M	2,869M	2,613M	2,430M	2,417M	2,242M	2,093M	1,908M	1,465M	0M	0M	0M
Gross Profit	17,454M	9,754M	9,592M	8,362M	4,200M	3,977M	2,820M	4,087M	4,380M	3,675M	3,571M	3,305M	4,010M	4,235M	4,196M	3,612M	4,137M	4,041M	4,292M
Gross Profit Margin	91.9%	78.2%	100.0%	100.0%	61.1%	60.2%	54.1%	56.7%	60.4%	58.4%	59.5%	57.8%	64.1%	66.9%	68.7%	71.1%	100.0%	100.0%	100.0%
R&D Expenses	0M	188M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	6,550M	2,369M	3,369M	2,871M	417M	397M	348M	499M	463M	408M	347M	452M	585M	535M	571M	2,111M	0M	0M	0M
Operating Expenses	11,124M	6,922M	6,234M	4,465M	2,591M	2,437M	2,148M	2,790M	2,622M	2,521M	2,252M	4,170M	2,844M	2,741M	2,588M	2,111M	2,753M	2,338M	2,566M
Operating Income (EBIT)	6,330M	2,831M	3,358M	3,897M	1,609M	1,540M	672M	1,297M	1,757M	1,154M	1,319M	-864M	1,166M	1,494M	1,608M	1,501M	1,384M	1,702M	1,726M
Operating Income Margin	33.3%	22.7%	35.0%	46.6%	23.4%	23.3%	12.9%	18.0%	24.2%	18.4%	22.0%	-15.1%	18.7%	23.6%	26.3%	29.6%	33.5%	42.1%	40.2%
Interest Income	4,925M	-261M	2,519M	776M	467M	210M	135M	178M	119M	118M	210M	324M	189M	156M	110M	115M	76M	0M	0M
Interest Expense	0M	33M	0M	0M	32M	33M	37M	41M	38M	35M	51M	47M	33M	43M	30M	29M	0M	0M	0M
Net Interest Income	4,925M	-294M	2,519M	776M	435M	177M	97M	137M	81M	84M	159M	277M	155M	113M	80M	86M	76M	0M	0M
Unusual Items	470M	3,301M	42M	0M	-1,044M	991M	-816M	243M	136M	-921M	-3,141M	1,140M	1,721M	700M	182M	8M	-143M	215M	-200M
EBT Excluding Unusual Items	11,254M	2,538M	5,877M	4,672M	2,044M	1,717M	770M	1,435M	1,839M	1,238M	1,479M	-588M	1,322M	1,607M	1,688M	1,586M	1,460M	1,702M	1,726M
Pre-Tax Income	11,724M	5,838M	5,919M	4,672M	1,000M	2,708M	-46M	1,677M	1,974M	317M	-1,662M	553M	3,043M	2,307M	1,870M	1,594M	1,317M	1,917M	1,526M
Pre-Tax Margin	61.7%	46.8%	61.7%	55.9%	14.6%	41.0%	-0.9%	23.3%	27.2%	5.0%	-27.7%	9.7%	48.7%	36.5%	30.6%	31.4%	31.8%	47.5%	35.6%
Income Tax Expense	4,260M	1,304M	2,811M	1,069M	327M	609M	87M	386M	435M	126M	-236M	266M	695M	611M	429M	354M	367M	204M	585M
Net Income	7,464M	4,450M	3,108M	3,520M	676M	2,097M	-133M	1,291M	1,537M	193M	-1,421M	287M	2,347M	1,684M	1,435M	1,240M	1,017M	1,499M	1,141M
Net Income Margin	39.3%	35.7%	32.4%	42.1%	9.8%	31.8%	-2.6%	17.9%	21.2%	3.1%	-23.7%	5.0%	37.5%	26.6%	23.5%	24.4%	24.6%	37.1%	26.6%
Depreciation & Amortization	247M	-482M	0M	447M	524M	582M	658M	654M	576M	570M	409M	709M	623M	627M	566M	0M	0M	0M	0M
EBITDA	6,577M	2,349M	3,358M	4,344M	2,133M	2,122M	1,330M	1,952M	2,334M	1,724M	1,728M	-155M	1,789M	2,121M	2,175M	1,501M	1,384M	1,702M	1,726M
EBITDA Margin	34.6%	18.8%	35.0%	51.9%	31.1%	32.1%	25.5%	27.1%	32.2%	27.4%	28.8%	-2.7%	28.6%	33.5%	35.6%	29.6%	33.5%	42.1%	40.2%
NOPAT	4,030M	2,199M	1,764M	3,005M	1,083M	1,194M	531M	999M	1,370M	696M	1,042M	-448M	900M	1,098M	1,239M	1,167M	998M	1,521M	1,065M
NOPAT Margin	21.2%	17.6%	18.4%	35.9%	15.8%	18.1%	10.2%	13.9%	18.9%	11.1%	17.4%	-7.8%	14.4%	17.4%	20.3%	23.0%	24.1%	37.7%	24.8%
Owner's Earnings	7,645M	3,758M	3,108M	3,967M	730M	2,483M	275M	1,438M	1,703M	-157M	-1,461M	520M	2,683M	2,005M	1,593M	792M	-92M	1,499M	1,141M
Owner's Earnings Margin	40.2%	30.1%	32.4%	47.4%	10.6%	37.6%	5.3%	20.0%	23.5%	-2.5%	-24.3%	9.1%	42.9%	31.7%	26.1%	15.6%	-2.2%	37.1%	26.6%
EPS (Basic)	7.98	4.79	3.30	3.87	0.65	2.21	-0.15	1.42	1.69	0.16	-1.56	0.26	2.52	1.56	1.42	5.27	0.94	1.38	1.25
EPS (Diluted)	8.20	4.89	3.41	3.87	0.74	2.30	-0.15	1.42	1.69	0.21	-1.56	0.32	2.57	1.56	1.47	1.23	0.94	1.38	1.25
Shares (Basic)	932M	911M	942M	911M	911M	911M	911M	911M	911M	911M	911M	911M	912M	1,083M	979M	1,005M	1,083M	1,083M	911M
Shares (Diluted)	911M	911M	911M	911M	911M	911M	911M	911M	911M	911M	911M	911M	912M	1,083M	979M	1,005M	1,083M	1,083M	911M

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
Cash & Cash Equivalents	7,116.24M	16,527.13M	16,527.13M	12,793.60M	3,491.90M	1,172.72M	687.09M	1,677.72M	1,714.21M	1,406.94M	1,099.47M	743.56M	3,125.55M	1,203.98M	747.92M	2,950.22M	607.25M	430.09M	188.02M
Short-Term Investments	10,604.30M	-16,527.13M	-16,527.13M	0.00M	6,241.33M	7,315.66M	4,711.96M	4,678.30M	3,919.15M	1,713.59M	1,313.02M	5,941.11M	3,803.08M	3,128.11M	1,905.46M	56.02M	2,156.61M	2,084.22M	3,023.09M
Cash & Short-Term Investments	17,720.55M	0.00M	0.00M	12,793.60M	9,733.23M	8,488.38M	5,399.05M	6,356.01M	5,633.37M	3,120.53M	2,412.49M	6,684.67M	6,928.63M	4,332.09M	2,653.38M	3,006.24M	2,763.86M	2,514.31M	3,211.11M
Net Receivables	663.82M	0.00M	0.00M	0.00M	160.49M	222.67M	347.84M	164.52M	216.43M	284.12M	322.16M	0.00M	-12.28M	291.32M	337.59M	833.38M	0.00M	0.00M	0.00M
Inventory	263.26M	0.00M	0.00M	0.00M	164.73M	154.33M	154.06M	168.95M	205.05M	258.00M	356.49M	133.56M	117.66M	104.61M	98.57M	114.17M	138.24M	106.73M	141.18M
Other Current Assets	187.28M	0.00M	0.00M	0.00M	224.22M	252.12M	547.91M	246.40M	198.04M	39.49M	1,066.19M	544.39M	405.04M	392.28M	247.72M	515.97M	547.08M	869.32M	714.45M
Total Current Assets	18,834.90M	0.00M	0.00M	12,793.60M	10,282.68M	9,117.50M	6,448.87M	6,935.88M	6,252.89M	3,702.14M	4,157.34M	7,362.62M	7,439.05M	5,120.31M	3,337.25M	4,469.75M	3,449.18M	3,490.35M	4,066.74M
Property, Plant & Equipment	2,629.01M	49,852.01M	49,852.01M	48,584.02M	10,455.07M	10,270.38M	9,291.87M	10,913.70M	10,357.93M	10,328.10M	10,796.57M	9,920.33M	10,321.11M	11,159.42M	11,691.82M	7,560.62M	7,656.72M	6,382.04M	4,792.90M
Goodwill	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	22.69M	12.31M	12.31M	14.99M	19.52M	80.11M	97.25M	106.16M	111.62M	50.31M	42.90M	54.80M	62.87M	45.88M	56.55M	833.38M	0.00M	0.00M	0.00M
Long-Term Investments	1,899.89M	0.00M	0.00M	0.00M	-6,020.09M	-7,097.64M	-2,860.60M	-4,570.72M	-3,477.23M	-204.78M	-842.55M	-5,938.27M	-3,791.88M	-3,123.40M	-1,894.56M	406.39M	0.00M	0.00M	0.00M
Tax Assets	305.17M	0.00M	0.00M	0.00M	6.47M	2.33M	3.02M	3.30M	4.88M	3.85M	3.67M	9.01M	14.50M	13.10M	61.83M	108.77M	0.00M	0.00M	0.00M
Other Non-Current Assets	132.37M	17,741.35M	17,741.35M	1,030.28M	41,690.75M	43,530.27M	39,959.10M	41,392.90M	39,916.32M	37,616.64M	42,980.82M	47,070.89M	44,972.79M	44,108.41M	42,220.76M	56.02M	467.42M	357.17M	77.92M
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
Total Non-Current Assets	4,989.13M	67,605.68M	67,605.68M	49,629.29M	46,151.73M	46,785.45M	46,490.64M	47,845.35M	46,913.51M	47,794.12M	52,981.41M	51,116.77M	51,579.39M	52,203.41M	52,136.41M	8,965.18M	8,124.14M	6,739.20M	4,870.82M
Total Assets	23,824.03M	67,605.68M	67,605.68M	62,422.88M	56,434.40M	55,902.94M	52,939.50M	54,781.23M	53,166.40M	51,496.26M	57,138.74M	58,479.39M	59,018.44M	57,323.72M	55,473.65M	13,434.92M	11,573.32M	10,229.56M	8,937.56M
Accounts Payable	1,596.99M	0.00M	0.00M	0.00M	68.23M	116.82M	63.79M	106.67M	113.55M	1,237.35M	90.40M	1,129.55M	94.20M	56.79M	91.23M	148.26M	1,280.33M	775.48M	806.77M
Short-Term Debt	0.00M	0.00M	0.00M	0.00M	0.38M	0.38M	1.93M	0.38M	0.38M	0.38M	0.38M	0.52M	0.52M	0.00M	0.38M	0.38M	0.00M	2.02M	1.49M
Tax Payables	0.00M	0.00M	0.00M	0.00M	590.58M	384.72M	317.11M	335.27M	307.67M	261.40M	253.13M	261.09M	409.41M	261.81M	242.04M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	133.47M	0.00M	0.00M	0.00M	0.00M	1,362.73M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,235.96M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	0.00M	-679.01M	-679.01M	0.00M	978.31M	941.50M	913.56M	1,056.95M	910.44M	165.30M	928.16M	110.77M	852.90M	1,110.12M	976.00M	919.63M	0.37M	-1.16M	1.25M
Total Current Liabilities	1,730.46M	-679.01M	-679.01M	0.00M	1,637.50M	2,806.14M	1,296.39M	1,499.27M	1,332.03M	1,664.43M	1,272.07M	1,501.94M	1,357.03M	1,428.72M	2,545.61M	1,068.28M	1,280.70M	776.33M	809.50M
Long-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	7,126.93M	7,253.46M	6,803.61M	7,307.86M	7,128.81M	7,145.47M	8,337.64M	8,477.88M	8,832.37M	8,895.04M	8,794.30M	155.60M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	0.00M	12,040.06M	12,040.06M	0.00M	273.82M	368.06M	439.52M	459.99M	390.07M	374.36M	384.10M	551.76M	375.53M	446.59M	480.83M	2.40M	46.64M	35.53M	7.71M
Total Non-Current Liabilities	0.00M	12,040.06M	12,040.06M	0.00M	7,400.75M	7,621.52M	7,243.13M	7,767.85M	7,518.88M	7,519.83M	8,721.74M	9,029.65M	9,207.90M	9,341.63M	9,275.13M	157.99M	46.64M	35.53M	7.71M
Total Liabilities	1,730.46M	11,361.05M	11,361.05M	0.00M	9,038.25M	10,427.66M	8,539.51M	9,267.12M	8,850.91M	9,184.25M	9,993.81M	10,531.59M	10,564.93M	10,770.34M	11,820.74M	1,226.27M	1,327.33M	811.87M	817.22M
Preferred Stock	0.00M	150.31M	150.31M	150.31M	150.31M	150.31M	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
Common Stock	1,245.00M	910.59M	910.59M	910.59M	1,060.90M	1,060.90M	1,060.90M	1,060.90M	1,060.90M	1,060.90M	1,060.90M	1,062.10M	1,062.74M	1,069.35M	1,040.02M	1,245.00M	1,245.00M	1,245.00M	1,245.00M
Retained Earnings	23,382.74M	48,714.82M	48,714.82M	46,268.86M	42,796.37M	42,452.83M	40,815.70M	41,476.16M	41,124.34M	40,065.49M	44,190.46M	45,925.27M	46,088.01M	44,013.66M	42,578.68M	8,472.98M	7,438.10M	6,610.01M	5,314.47M
Accumulated OCI	1,965.89M	7,941.00M	7,941.00M	7,640.75M	5,726.23M	5,520.31M	4,413.32M	5,251.65M	-11,918.93M	-12,671.47M	-11,799.19M	-10,815.72M	-11,867.41M	-10,599.32M	-12,030.98M	-2,749.22M	0.00M	0.00M	0.00M
Minority Interest	0.00M	-33.79M	-33.79M	-33.93M	-32.81M	-30.22M	-31.63M	-31.53M	-31.82M	-33.67M	-32.21M	-27.26M	-25.98M	-25.98M	39.04M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	26,593.63M	57,716.72M	57,716.72M	54,970.51M	49,733.81M	49,184.35M	46,289.92M	47,788.71M	30,266.31M	28,454.92M	33,452.17M	36,171.64M	35,283.33M	34,483.69M	31,587.72M	6,968.76M	8,683.10M	7,855.01M	6,559.47M
Total Equity	26,593.63M	57,682.94M	57,682.94M	54,936.58M	49,701.00M	49,154.13M	46,258.29M	47,757.19M	30,234.50M	28,421.25M	33,419.96M	36,144.38M	35,257.35M	34,457.71M	31,626.76M	6,968.76M	8,683.10M	7,855.01M	6,559.47M
Total Liabilities & Equity	28,324.09M	69,043.99M	69,043.99M	54,936.58M	58,739.24M	59,581.79M	54,797.80M	57,024.31M	39,085.41M	37,605.50M	43,413.77M	46,675.97M	45,822.28M	45,228.05M	43,447.49M	8,195.03M	10,010.43M	8,666.88M	7,376.68M
Tangible Assets	23,801.34M	67,593.36M	67,593.36M	62,407.89M	56,414.89M	55,822.83M	52,842.26M	54,675.07M	53,054.78M	51,445.94M	57,095.84M	58,424.59M	58,955.57M	57,277.84M	55,417.10M	12,601.54M	11,573.32M	10,229.56M	8,937.56M
Tangible Equity	26,570.94M	57,670.62M	57,670.62M	54,921.59M	49,681.48M	49,074.02M	46,161.04M	47,651.02M	30,122.88M	28,370.93M	33,377.06M	36,089.59M	35,194.48M	34,411.83M	31,570.20M	6,135.38M	8,683.10M	7,855.01M	6,559.47M
Tangible Book Value	26,570.94M	57,670.62M	57,670.62M	54,921.59M	49,681.48M	49,074.02M	46,161.04M	47,651.02M	30,122.88M	28,370.93M	33,377.06M	36,089.59M	35,194.48M	34,411.83M	31,570.20M	6,135.38M	8,683.10M	7,855.01M	6,559.47M
Total Investments	12,504.19M	0.00M	0.00M	0.00M	221.24M	218.02M	1,851.36M	107.58M	441.93M	1,508.81M	470.47M	2.85M	11.20M	4.71M	10.90M	462.42M	2,156.61M	2,084.22M	3,023.09M
Net Debt	-7,116.24M	-16,527.13M	-16,527.13M	-12,793.60M	-3,491.52M	-1,172.33M	-685.16M	-1,677.34M	-1,713.83M	-1,406.56M	-1,099.09M	-743.04M	-3,125.03M	-1,203.98M	-747.54M	-2,949.83M	-607.25M	-428.07M	-186.54M

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
Working Capital	17,128.6M	0.0M	0.0M	12,227.8M	8,684.9M	7,722.6M	4,895.5M	5,564.5M	5,025.9M	2,686.9M	3,029.6M	6,256.8M	6,132.6M	3,793.1M	2,069.4M	3,304.2M	2,166.1M	2,712.0M	3,257.2M
Total Capital	26,899.2M	55,599.4M	55,599.4M	52,853.2M	47,466.6M	46,917.1M	44,174.5M	45,671.8M	44,450.3M	42,995.3M	47,321.0M	48,371.3M	48,529.3M	46,680.3M	44,892.0M	11,278.9M	10,244.1M	9,418.1M	8,122.3M
Capital Employed	27,086.1M	67,605.7M	67,605.7M	61,857.1M	54,836.7M	54,508.0M	51,386.2M	53,409.9M	51,939.4M	50,481.0M	56,011.0M	57,373.5M	57,712.0M	55,996.6M	54,205.8M	11,436.9M	10,290.7M	9,451.7M	8,128.5M
Invested Capital	19,783.0M	39,072.3M	39,072.3M	40,059.6M	43,974.7M	45,744.4M	43,487.4M	43,994.1M	42,736.1M	41,588.3M	46,221.6M	47,627.7M	45,403.8M	45,476.4M	44,144.1M	8,328.7M	9,636.8M	8,988.0M	7,934.3M

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
Net Income	4,877.33M	3,987.91M	3,108.06M	3,604.07M	673.45M	2,098.70M	-133.11M	1,291.27M	1,539.26M	191.10M	-1,425.84M	286.10M	2,347.41M	1,695.97M	1,440.97M	1,239.84M	1,016.76M
Depreciation & Amortization	826.97M	977.61M	579.57M	447.27M	524.34M	581.63M	658.24M	654.23M	576.38M	570.06M	415.96M	709.05M	622.66M	626.60M	566.39M	0.00M	0.00M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
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
Change in Working Capital	-129.95M	199.74M	-10.46M	-93.16M	186.81M	135.32M	-217.07M	359.79M	-57.32M	-15.65M	-208.16M	-1,227.93M	-158.73M	-11.56M	-83.81M	0.00M	0.00M
Accounts Receivable	-29.34M	-18.73M	-5.01M	-56.88M	-9.92M	13.12M	-6.39M	8.37M	65.14M	3.66M	12.34M	-1,250.37M	45.03M	-29.70M	0.00M	0.00M	0.00M
Inventory	-67.57M	-19.30M	-30.81M	-46.75M	-6.76M	5.48M	17.50M	36.05M	51.35M	28.89M	-222.87M	-16.73M	-14.93M	-10.62M	-9.94M	0.00M	0.00M
Accounts Payable	1,110.66M	-31.90M	0.00M	0.00M	0.00M	0.00M	-162.37M	391.37M	-218.96M	-38.55M	-4.53M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	-1,143.71M	282.79M	25.37M	10.47M	193.57M	129.84M	-234.57M	323.73M	-108.67M	-44.54M	14.71M	-1,211.20M	-143.80M	-0.95M	-73.87M	0.00M	0.00M
Other Non-Cash Items	-2,243.97M	-1,014.77M	-1,377.14M	-1,978.26M	735.82M	-803.88M	464.96M	-230.14M	-183.39M	1,071.20M	2,289.17M	-453.88M	-1,658.69M	-735.75M	-250.04M	-1,239.84M	-1,016.76M
Net Cash from Operating Activities	5,413.97M	4,130.28M	2,300.03M	1,979.91M	2,120.42M	2,011.77M	773.02M	2,075.14M	1,874.93M	1,816.71M	1,071.12M	-686.66M	1,152.64M	1,575.26M	1,673.52M	0.00M	0.00M
Capital Expenditures (PPE)	-66.39M	-209.23M	0.00M	0.00M	-470.86M	-195.47M	-250.27M	-506.90M	-411.05M	-919.51M	-448.83M	-476.70M	-287.13M	-306.06M	-408.43M	-447.77M	-1,109.25M
Acquisitions (Net)	0.00M	195.07M	0.00M	0.00M	0.00M	195.47M	250.27M	506.90M	411.05M	919.51M	230.06M	476.70M	287.13M	306.06M	408.43M	0.00M	0.00M
Purchases of Investments	-23,200.00M	-5,920.94M	0.00M	0.00M	-7,164.72M	-7,313.32M	-6,900.61M	-6,914.88M	-4,748.09M	-2,110.78M	-9,947.76M	-12,049.57M	-5,868.91M	-9,352.29M	-3,841.53M	0.00M	0.00M
Sales / Maturities of Investments	12,600.00M	6,843.47M	0.00M	0.00M	7,723.89M	6,296.67M	6,007.92M	5,785.66M	3,743.70M	1,705.04M	10,807.72M	10,820.36M	6,683.22M	8,300.99M	4,539.89M	0.00M	0.00M
Other Investing Activities	10,244.54M	-1,033.18M	2,151.46M	7,063.30M	420.53M	95.34M	-268.54M	-307.09M	-278.09M	-781.25M	-837.89M	-223.38M	-118.57M	-151.14M	-271.34M	163.46M	310.36M
Net Cash from Investing Activities	4,840.78M	-1,648.28M	2,151.46M	7,063.30M	508.84M	-921.32M	-1,161.23M	-1,436.31M	-1,282.48M	-1,186.99M	-196.71M	-1,452.59M	695.73M	-1,202.44M	427.02M	-284.31M	-798.90M
Net Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.55M	0.00M	0.00M	0.00M	-0.14M	0.00M	0.14M	0.14M	0.00M	-0.32M	0.00M
Long-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.55M	0.00M	0.00M	0.00M	-0.14M	0.00M	0.14M	0.14M	0.00M	-0.32M	0.00M
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-7.68M	-2.19M	-65.69M	387.79M	-1,448.00M	-13.78M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	387.79M	0.00M	0.00M	0.00M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-7.68M	-2.19M	-65.69M	0.00M	-1,448.00M	-13.78M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-1,815.88M	-1,189.17M	-726.26M	-594.56M	-594.52M	-594.54M	-608.00M	-607.99M	-509.60M	-346.80M	-345.45M	-347.26M	-345.96M	-281.37M	-346.61M	-135.74M	-118.64M
Common Dividends Paid	-1,815.88M	-1,189.17M	-726.26M	-594.56M	-594.52M	-594.54M	-608.00M	-594.53M	-509.60M	-346.80M	-345.45M	-347.26M	-345.96M	-281.37M	-346.61M	-134.55M	-118.64M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	13.46M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-15.81M	-26.86M	-15.82M	-13.46M	-13.46M	-13.40M	-13.46M	-13.46M	-11.53M	-7.81M	-5.34M	-7.74M	-5.37M	-44.15M	0.00M	0.00M	0.02M
Net Cash from Financing Activities	-1,831.70M	-1,216.03M	-742.08M	-608.01M	-607.98M	-607.94M	-606.45M	-607.99M	-521.13M	-354.62M	-358.62M	-357.18M	-416.88M	62.42M	-1,794.61M	-135.68M	-118.61M
Effect of FX on Cash	191.15M	1,001.54M	24.13M	866.49M	297.91M	3.11M	4.04M	-67.34M	235.96M	32.36M	-159.89M	114.45M	489.78M	20.92M	-36.54M	0.00M	0.00M
Net Change in Cash	-4,590.94M	2,889.01M	3,733.53M	9,301.69M	2,319.19M	485.62M	-990.62M	-36.50M	307.28M	307.47M	355.91M	-2,381.99M	1,921.57M	456.16M	269.39M	1,326.30M	321.02M
Cash at Beginning of Period	15,929.35M	2,786.45M	12,793.60M	3,491.90M	1,172.72M	687.09M	1,677.72M	1,714.21M	1,406.94M	1,099.47M	743.56M	3,125.55M	1,203.98M	747.82M	478.53M	1,623.91M	1,302.55M
Cash at End of Period	11,331.81M	5,675.47M	16,527.13M	12,793.60M	3,491.90M	1,172.72M	687.09M	1,677.72M	1,714.21M	1,406.94M	1,099.47M	743.56M	3,125.55M	1,203.98M	747.92M	2,950.22M	1,623.57M
Operating Cash Flow	5,413.97M	4,130.28M	2,300.03M	1,979.91M	2,120.42M	2,011.77M	773.02M	2,075.14M	1,874.93M	1,816.71M	1,071.12M	-686.66M	1,152.64M	1,575.26M	1,673.52M	0.00M	0.00M
Capital Expenditure	-66.39M	-209.23M	0.00M	0.00M	-470.86M	-195.47M	-250.27M	-506.90M	-411.05M	-919.51M	-448.83M	-476.70M	-287.13M	-306.06M	-408.43M	-447.77M	-1,109.25M
Free Cash Flow	5,347.58M	3,921.05M	2,300.03M	1,979.91M	1,649.56M	1,816.30M	522.76M	1,568.24M	1,463.87M	897.21M	622.30M	-1,163.36M	865.52M	1,269.20M	1,265.09M	-447.77M	-1,109.25M

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
EBITDA	11,151.15M	6,714.27M	6,223.40M	5,938.14M	4,307.66M	4,161.39M	3,131.13M	4,243.17M	4,492.69M	3,838.04M	3,632.82M	3,562.19M	4,047.98M	4,326.98M	4,191.39M	1,500.71M	4,136.95M
(-) Tax Adjustment	3,902.90M	1,499.13M	2,178.19M	1,359.08M	1,407.95M	936.22M	0.00M	976.87M	990.20M	1,343.31M	516.16M	1,246.77M	924.82M	1,146.42M	961.82M	333.62M	1,153.37M
(-) Change In Working Capital	-129.95M	199.74M	-10.46M	-93.16M	186.81M	135.32M	-217.07M	359.79M	-57.32M	-15.65M	-208.16M	-1,227.93M	-158.73M	-11.56M	-83.81M	0.00M	0.00M
(-) Capital Expenditure	-66.39M	-209.23M	0.00M	0.00M	-470.86M	-195.47M	-250.27M	-506.90M	-411.05M	-919.51M	-448.83M	-476.70M	-287.13M	-306.06M	-408.43M	-447.77M	-1,109.25M
Unlevered Free Cash Flow	7,311.82M	4,806.17M	4,055.67M	4,672.22M	2,242.05M	2,894.38M	3,097.94M	2,399.61M	3,148.76M	1,590.87M	2,876.00M	3,066.65M	2,994.76M	2,886.07M	2,904.94M	719.32M	1,874.32M
(-) Net Interest Income After Taxes	3,201.12M	-228.12M	1,637.39M	598.13M	292.84M	137.10M	97.31M	105.72M	63.43M	54.36M	136.71M	179.85M	119.84M	82.93M	61.70M	66.51M	55.09M
Net Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.55M	0.00M	0.00M	0.00M	-0.14M	0.00M	0.14M	0.14M	0.00M	-0.32M	0.00M
Levered Free Cash Flow	4,110.69M	5,034.29M	2,418.28M	4,074.09M	1,949.21M	2,757.28M	3,002.17M	2,293.90M	3,085.34M	1,536.50M	2,739.15M	2,886.81M	2,875.07M	2,803.28M	2,843.25M	652.49M	1,819.23M