PJSC ALROSA-Nyurba (ALNU.ME)

Industry: Other Precious Metals Sector: Basic Materials Currency Used: RU Live Price: $65,400.00

Enterprise Value

Metric	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Stock Price	63,600.00	54,150.00	68,050.00	112,875.00	148,125.00	147,375.00	91,450.00	73,187.25	60,000.00	51,625.25	32,550.00	32,550.00	32,550.00	32,550.00
Market Capitalization	44,299.63M	42,185.96M	54,418.02M	90,820.49M	118,142.99M	117,900.00M	73,155.51M	59,227.17M	46,294.77M	41,300.20M	181,187.28M	344,393.97M	219,974.10M	0.00M
(-) Cash & Equivalents	0.46M	0.29M	0.90M	189.74M	61.10M	156.16M	185.29M	244.77M	327.89M	117.19M	117.47M	0.00M	0.00M	0.00M
(+) Total 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
Enterprise Value	44,299.17M	42,185.68M	54,417.12M	90,630.75M	118,081.89M	117,743.84M	72,970.22M	58,982.39M	45,966.88M	41,183.01M	181,069.81M	344,393.97M	219,974.10M	0.00M

Income Statement

Metric	TTM	TTM-1	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	26,588M	40,680M	35,545M	50,788M	44,088M	40,937M	47,390M	35,697M	31,417M	26,007M	23,801M	22,449M	17,322M	11,664M	14,916M
Cost of Revenue	10,317M	18,414M	14,907M	24,403M	21,414M	22,676M	15,009M	11,002M	13,103M	11,429M	7,790M	7,457M	7,731M	4,272M	5,727M
Gross Profit	16,271M	22,266M	20,638M	26,385M	22,674M	18,262M	32,381M	24,696M	18,314M	14,578M	16,011M	14,993M	9,591M	7,393M	9,189M
Gross Profit Margin	61.2%	54.7%	58.1%	52.0%	51.4%	44.6%	68.3%	69.2%	58.3%	56.1%	67.3%	66.8%	55.4%	63.4%	61.6%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	-239M	887M	302M	344M	367M	367M	2,393M	2,349M	1,022M	433M	385M	7,150M	6,613M	5,587M	5,686M
Operating Expenses	515M	1,725M	858M	1,882M	1,866M	1,898M	9,247M	8,802M	6,962M	5,720M	5,084M	7,150M	6,613M	5,587M	5,686M
Operating Income (EBIT)	15,756M	20,541M	19,780M	24,503M	20,809M	16,364M	23,134M	15,894M	11,351M	8,858M	10,927M	7,842M	2,978M	1,805M	3,503M
Operating Income Margin	59.3%	50.5%	55.6%	48.2%	47.2%	40.0%	48.8%	44.5%	36.1%	34.1%	45.9%	34.9%	17.2%	15.5%	23.5%
Interest Income	2,103M	1,115M	1,485M	939M	208M	0M	8M	29M	14M	0M	0M	0M	0M	0M	0M
Interest Expense	0M	0M	0M	0M	0M	0M	0M	0M	0M	18M	556M	437M	371M	385M	455M
Net Interest Income	2,103M	1,115M	1,485M	939M	208M	0M	8M	29M	14M	-18M	-556M	-437M	-371M	-385M	-455M
Unusual Items	-494M	467M	294M	86M	-118M	-273M	-227M	-94M	1,003M	-405M	4M	0M	0M	0M	0M
EBT Excluding Unusual Items	17,859M	21,655M	21,265M	25,442M	21,017M	16,364M	23,142M	15,923M	11,366M	8,840M	10,371M	7,405M	2,607M	1,420M	3,048M
Pre-Tax Income	17,365M	22,122M	21,559M	25,529M	20,899M	16,091M	22,915M	15,829M	12,369M	8,434M	10,375M	7,405M	2,607M	1,420M	3,048M
Pre-Tax Margin	65.3%	54.4%	60.7%	50.3%	47.4%	39.3%	48.4%	44.3%	39.4%	32.4%	43.6%	33.0%	15.1%	12.2%	20.4%
Income Tax Expense	3,530M	4,397M	4,284M	5,118M	4,268M	3,295M	4,645M	3,154M	2,574M	1,692M	2,070M	1,546M	580M	362M	793M
Net Income	13,835M	17,725M	17,275M	20,411M	16,631M	12,796M	18,270M	12,675M	9,795M	6,742M	8,305M	5,859M	2,027M	1,058M	2,256M
Net Income Margin	52.0%	43.6%	48.6%	40.2%	37.7%	31.3%	38.6%	35.5%	31.2%	25.9%	34.9%	26.1%	11.7%	9.1%	15.1%
Depreciation & Amortization	-198M	775M	1M	806M	2M	6M	9M	9M	10M	10M	11M	-437M	-371M	-385M	-455M
EBITDA	15,558M	21,316M	19,781M	25,309M	20,811M	16,369M	23,143M	15,903M	11,362M	8,868M	10,938M	7,405M	2,607M	1,420M	3,048M
EBITDA Margin	58.5%	52.4%	55.7%	49.8%	47.2%	40.0%	48.8%	44.5%	36.2%	34.1%	46.0%	33.0%	15.1%	12.2%	20.4%
NOPAT	12,553M	16,457M	15,850M	19,591M	16,559M	13,013M	18,445M	12,727M	8,989M	7,081M	8,747M	6,205M	2,316M	1,345M	2,592M
NOPAT Margin	47.2%	40.5%	44.6%	38.6%	37.6%	31.8%	38.9%	35.7%	28.6%	27.2%	36.7%	27.6%	13.4%	11.5%	17.4%
Owner's Earnings	13,637M	18,500M	17,276M	21,216M	16,633M	12,802M	18,279M	12,684M	9,806M	6,753M	8,316M	5,422M	1,656M	673M	1,801M
Owner's Earnings Margin	51.3%	45.5%	48.6%	41.8%	37.7%	31.3%	38.6%	35.5%	31.2%	26.0%	34.9%	24.2%	9.6%	5.8%	12.1%
EPS (Basic)	20,598.28	19,933.57	21,593.00	25,513.00	20,788.00	15,995.00	22,838.00	15,843.00	12,243.00	8,468.75	10,467.00	7,323.57	300.00	100.00	333.76
EPS (Diluted)	18,526.45	22,351.72	21,593.75	25,513.34	20,788.35	15,995.08	22,838.01	15,843.68	12,243.99	8,428.02	10,381.04	7,323.57	3.00	1.00	2,819.49
Shares (Basic)	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	7M	11M	7M
Shares (Diluted)	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	676M	1,058M	1M

Balance Sheet

Metric	MRQ	MRQ-1	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	0.01M	0.91M	0.10M	0.35M	0.96M	27.16M	63.43M	21.49M	20.70M	220.45M	136.11M	587.36M	195.60M	88.72M	125.74M
Short-Term Investments	58,251.86M	53,445.30M	49,892.22M	18,724.55M	8,790.73M	0.00M	0.00M	0.00M	500.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	58,251.87M	53,446.20M	49,892.31M	18,724.90M	8,791.68M	27.16M	63.43M	21.49M	520.70M	220.45M	136.11M	587.36M	195.60M	88.72M	125.74M
Net Receivables	0.00M	0.00M	3,539.15M	1,818.29M	2,174.07M	167.67M	-507.80M	192.35M	158.86M	152.01M	62.04M	0.00M	145.42M	153.98M	1,084.05M
Inventory	0.00M	308.13M	2,242.52M	17,245.70M	13,922.22M	12,329.70M	11,474.08M	10,590.42M	6,005.29M	7,246.68M	8,108.70M	6,306.44M	6,015.11M	6,580.68M	4,694.54M
Other Current Assets	716.05M	1,542.58M	10.05M	753.90M	597.26M	3,350.52M	1,970.54M	630.54M	1,188.28M	995.99M	272.38M	540.04M	827.51M	488.80M	16.26M
Total Current Assets	58,967.92M	55,296.91M	55,684.03M	38,542.79M	25,485.23M	15,875.05M	13,000.25M	11,434.80M	7,873.12M	8,615.13M	8,579.23M	7,433.83M	7,183.64M	7,312.17M	5,920.60M
Property, Plant & Equipment	0.00M	2,435.31M	2,497.00M	2,698.22M	2,905.54M	3,032.28M	3,128.26M	3,177.67M	3,465.56M	1,816.43M	573.75M	548.66M	552.47M	589.61M	617.68M
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
Intangible Assets	0.00M	0.00M	1,377.72M	1,447.84M	1,511.47M	1,260.12M	1,012.00M	770.44M	518.69M	78.18M	87.79M	0.00M	145.42M	153.98M	1,084.05M
Long-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	22.96M	0.00M	0.00M	0.00M
Tax Assets	0.00M	27.36M	26.83M	43.53M	41.87M	50.82M	37.52M	39.47M	21.53M	19.72M	18.55M	16.47M	4.15M	23.76M	2.37M
Other Non-Current Assets	0.00M	0.00M	0.00M	0.00M	-0.01M	0.00M	0.00M	55.16M	54.48M	64.29M	19.64M	0.04M	49.12M	49.33M	11.02M
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
Total Non-Current Assets	0.00M	2,462.67M	3,901.55M	4,189.59M	4,458.87M	4,343.22M	4,177.79M	4,042.74M	4,060.26M	1,978.61M	699.73M	588.13M	751.16M	816.68M	1,715.12M
Total Assets	58,967.92M	57,759.58M	59,585.58M	42,732.38M	29,944.10M	20,218.27M	17,178.04M	15,477.54M	11,933.38M	10,593.74M	9,278.96M	8,021.96M	7,934.80M	8,128.85M	7,635.72M
Accounts Payable	33.89M	1,029.88M	29.06M	41.59M	19.13M	1,403.76M	9.91M	1,594.52M	252.44M	3,897.67M	2,279.10M	3,237.91M	3,475.19M	2,735.88M	880.76M
Short-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
Tax Payables	0.00M	0.00M	130.28M	1,124.40M	803.04M	859.49M	349.80M	849.92M	1,059.95M	376.01M	627.99M	0.00M	90.66M	212.80M	156.88M
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
Other Current Liabilities	0.00M	4.29M	2,819.69M	450.71M	8.03M	52.07M	68.65M	121.50M	128.25M	197.02M	127.69M	125.99M	118.10M	118.10M	118.81M
Total Current Liabilities	33.89M	1,034.17M	2,979.02M	1,616.70M	830.19M	2,315.31M	428.36M	2,565.94M	1,440.65M	4,470.70M	3,034.78M	3,363.89M	3,683.95M	3,066.79M	1,156.46M
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
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
Deferred Tax Liabilities	0.00M	29.32M	494.64M	2,494.03M	2,278.33M	2,032.25M	1,811.91M	1,614.53M	901.72M	1,498.29M	1,650.38M	1,232.09M	1,151.83M	1,280.21M	901.19M
Other Non-Current Liabilities	0.00M	0.00M	0.00M	0.00M	178.21M	145.25M	89.06M	102.49M	26.57M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	0.00M	29.32M	494.64M	2,494.03M	2,456.55M	2,177.50M	1,900.98M	1,717.02M	928.28M	1,498.29M	1,650.38M	1,232.09M	1,151.83M	1,280.21M	901.19M
Total Liabilities	33.89M	1,063.49M	3,473.66M	4,110.74M	3,286.74M	4,492.81M	2,329.34M	4,282.95M	2,368.93M	5,968.99M	4,685.16M	4,595.99M	4,835.77M	4,347.00M	2,057.65M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M	20.00M
Retained Earnings	58,906.79M	56,668.85M	56,081.81M	38,791.62M	26,694.83M	10,196.64M	10,363.20M	9,645.04M	9,597.77M	5,132.90M	5,649.91M	3,496.13M	2,940.75M	2,783.70M	2,790.67M
Accumulated OCI	0.00M	0.00M	0.00M	0.00M	-516.72M	-418.16M	-307.63M	-206.62M	-111.98M	-97.35M	-82.77M	-70.35M	-55.85M	-45.75M	-34.56M
Minority Interest	0.00M	0.00M	0.00M	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 Shareholders’ Equity	58,926.79M	56,688.85M	56,101.81M	38,811.62M	26,198.11M	9,798.49M	10,075.57M	9,458.43M	9,505.79M	5,055.55M	5,587.14M	3,445.79M	2,904.90M	2,757.95M	2,776.11M
Total Equity	58,926.79M	56,688.85M	56,101.81M	38,811.62M	26,198.11M	9,798.49M	10,075.57M	9,458.43M	9,505.79M	5,055.55M	5,587.14M	3,445.79M	2,904.90M	2,757.95M	2,776.11M
Total Liabilities & Equity	58,960.68M	57,752.34M	59,575.47M	42,922.36M	29,484.85M	14,291.30M	12,404.91M	13,741.38M	11,874.72M	11,024.54M	10,272.30M	8,041.78M	7,740.67M	7,104.95M	4,833.75M
Tangible Assets	58,967.92M	57,759.58M	58,207.86M	41,284.54M	28,432.64M	18,958.16M	16,166.04M	14,707.11M	11,414.69M	10,515.56M	9,191.17M	8,021.96M	7,789.38M	7,974.88M	6,551.66M
Tangible Equity	58,926.79M	56,688.85M	54,724.09M	37,363.78M	24,686.65M	8,538.37M	9,063.57M	8,687.99M	8,987.10M	4,977.37M	5,499.35M	3,445.79M	2,759.48M	2,603.97M	1,692.05M
Tangible Book Value	58,926.79M	56,688.85M	54,724.09M	37,363.78M	24,686.65M	8,538.37M	9,063.57M	8,687.99M	8,987.10M	4,977.37M	5,499.35M	3,445.79M	2,759.48M	2,603.97M	1,692.05M
Total Investments	58,251.86M	53,445.30M	49,892.22M	18,724.55M	8,790.73M	0.00M	0.00M	0.00M	500.00M	0.00M	19.64M	22.96M	48.22M	48.22M	9.70M
Net Debt	-0.01M	-0.91M	-0.10M	-0.35M	-0.96M	-27.16M	-63.43M	-21.49M	-20.70M	-220.45M	-136.11M	-587.36M	-195.60M	-88.72M	-125.74M

Capital Metrics

Metric	MRQ	MRQ-1	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	58,934.0M	54,262.7M	52,702.1M	37,123.3M	24,719.7M	8,058.2M	8,113.6M	7,346.6M	6,493.0M	4,679.8M	6,627.8M	4,069.9M	3,514.1M	3,428.4M	3,088.0M
Total Capital	58,934.0M	56,696.1M	56,109.0M	38,818.9M	26,722.1M	10,223.9M	10,390.4M	9,672.3M	9,625.0M	5,160.1M	5,677.1M	3,523.4M	2,968.0M	2,810.9M	2,817.9M
Capital Employed	58,934.0M	56,725.4M	56,603.7M	41,312.9M	29,178.6M	12,401.4M	12,291.4M	11,389.3M	10,553.3M	6,658.4M	7,327.5M	4,755.5M	4,119.8M	4,091.1M	3,719.1M
Invested Capital	58,934.0M	56,695.2M	56,109.0M	38,818.5M	26,721.1M	10,196.7M	10,327.0M	9,650.8M	9,604.3M	4,939.7M	5,541.0M	2,936.0M	2,772.4M	2,722.2M	2,692.2M

Cash Flow Statement

Metric	TTM	TTM-1	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
Net Income	18,092.84M	16,920.52M	0.00M	0.00M	16,630.68M	12,796.07M	18,270.41M	12,674.94M	9,795.19M	6,742.42M	8,304.83M	5,858.86M	2,027.41M	1,058.05M	2,255.59M
Depreciation & Amortization	0.00M	0.00M	0.00M	0.00M	2.48M	5.73M	8.82M	9.10M	10.37M	10.32M	11.36M	0.00M	0.00M	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
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
Change in Working Capital	0.00M	0.00M	0.00M	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 Receivable	0.00M	0.00M	0.00M	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
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
Other Working Capital	0.00M	0.00M	0.00M	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	-18,092.84M	-16,920.52M	0.00M	0.00M	-16,633.17M	-12,801.80M	-18,279.23M	-12,684.04M	-9,805.55M	-6,752.74M	-8,316.19M	-5,858.86M	-2,027.41M	-1,058.05M	-2,255.59M
Net Cash from Operating Activities	4,572.06M	3,246.96M	0.00M	17,307.75M	14,493.90M	13,448.22M	14,127.92M	10,902.63M	8,471.84M	8,444.93M	7,471.40M	4,086.88M	0.00M	0.00M	0.00M
Capital Expenditures (PPE)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.57M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-9,648.05M	-4,395.36M	-31,167.66M	-9,933.83M	-8,790.73M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-38.52M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.96M	0.57M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	26,252.34M	18,366.42M	1,095.30M	941.07M	-318.64M	-300.99M	-0.88M	499.22M	-2,175.59M	-1,210.45M	-47.34M	-11.87M	0.67M	7.33M	-1.04M
Net Cash from Investing Activities	16,604.29M	13,971.06M	-30,072.37M	-8,992.76M	-9,109.36M	-300.99M	-0.88M	503.18M	-2,174.45M	-1,210.45M	-47.34M	-11.87M	0.67M	7.33M	-39.57M
Net 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
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
Short-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
Net 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
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	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	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-7,593.33M	-9,304.95M	0.00M	-8,315.56M	0.00M	-13,183.25M	-14,064.16M	-11,388.54M	-6,678.01M	-7,162.00M	-7,819.03M	-3,655.62M	0.00M	0.00M	0.00M
Common Dividends Paid	-7,593.33M	-9,304.95M	0.00M	-8,315.56M	-5,426.64M	-13,183.25M	-14,064.16M	-11,388.54M	-6,678.01M	-7,162.00M	-7,819.03M	-3,655.62M	-1,020.00M	0.00M	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
Other Financing Activities	24,197.61M	23,276.01M	0.00M	0.00M	0.00M	0.00M	0.00M	10.12M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Cash from Financing Activities	16,604.29M	13,971.06M	0.00M	-8,315.56M	-5,426.64M	-13,183.25M	-14,064.16M	-11,378.43M	-6,678.01M	-7,162.00M	-7,819.03M	-3,655.62M	0.00M	0.00M	0.00M
Effect of FX on Cash	-13,226.09M	-10,500.46M	0.00M	-0.04M	15.89M	-0.25M	-20.94M	-26.60M	180.88M	11.85M	-56.28M	-27.64M	0.00M	0.00M	0.00M
Net Change in Cash	-7.01M	-31.24M	-0.25M	-0.61M	-26.21M	-36.27M	41.94M	0.80M	-199.75M	84.34M	-451.24M	391.75M	106.89M	-37.03M	107.44M
Cash at Beginning of Period	7.51M	45.30M	0.35M	0.96M	27.16M	63.43M	21.49M	20.70M	220.45M	136.11M	587.36M	195.60M	88.72M	125.74M	18.30M
Cash at End of Period	0.50M	14.06M	0.10M	0.35M	0.96M	27.16M	63.43M	21.49M	20.70M	220.45M	136.11M	587.36M	195.60M	88.72M	125.74M
Operating Cash Flow	4,572.06M	3,246.96M	0.00M	17,307.75M	14,493.90M	13,448.22M	14,127.92M	10,902.63M	8,471.84M	8,444.93M	7,471.40M	4,086.88M	0.00M	0.00M	0.00M
Capital Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Free Cash Flow	4,572.06M	3,246.96M	30,072.12M	17,307.75M	14,493.90M	13,448.22M	14,127.92M	10,902.63M	8,471.84M	8,444.93M	7,471.40M	4,086.88M	0.00M	0.00M	0.00M

Free Cash Flow

Metric	TTM	TTM-1	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
EBITDA	24,257.07M	22,522.34M	20,337.15M	26,847.49M	22,309.95M	17,900.49M	29,996.74M	22,355.57M	17,301.85M	14,155.59M	15,637.25M	7,405.28M	2,607.42M	1,420.29M	3,048.16M
(-) Tax Adjustment	4,915.28M	4,581.02M	4,040.99M	5,382.26M	4,556.49M	3,665.28M	6,080.20M	4,454.76M	3,600.77M	2,839.78M	3,119.82M	1,546.42M	580.01M	362.24M	792.56M
(-) Change In Working Capital	0.00M	0.00M	0.00M	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 Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Unlevered Free Cash Flow	19,341.79M	17,941.31M	16,296.17M	21,465.22M	17,753.47M	14,235.22M	23,916.54M	17,900.81M	13,701.08M	11,315.81M	12,517.43M	5,858.86M	2,027.41M	1,058.05M	2,255.59M
(-) Net Interest Income After Taxes	488.39M	0.34M	1,189.82M	750.93M	165.62M	0.34M	6.40M	23.08M	11.48M	-14.69M	-445.25M	-345.78M	-288.46M	-286.84M	-336.67M
Net 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
Levered Free Cash Flow	18,853.40M	17,940.97M	15,106.34M	20,714.29M	17,587.84M	14,234.88M	23,910.15M	17,877.73M	13,689.60M	11,330.50M	12,962.68M	6,204.63M	2,315.87M	1,344.88M	2,592.27M