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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Lu Thai Textile Co., Ltd.

Ticker: 000726.SZ | Industry: Apparel - Manufacturers | Sector: Consumer Cyclical
$7.64 -0.08 (-1.04%)
As of: 2026-01-27

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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 2000 1999 1998 1997
Stock Price 6.35 6.50 7.14 6.99 6.23 7.52 9.74 10.03 11.90 11.61 13.17 9.89 8.80 7.06 9.69 9.27 9.13 7.94 15.06 3.66 3.78 5.11 3.57 4.28 4.59 4.37 4.40 4.40 4.40
Market Capitalization 5,222.07M 5,411.30M 6,238.22M 6,966.03M 5,497.48M 6,285.74M 8,360.57M 9,188.15M 11,068.72M 10,900.39M 12,683.04M 9,482.17M 8,309.37M 7,207.60M 9,532.79M 9,139.64M 9,009.25M 6,712.32M 12,822.88M 3,119.13M 3,247.53M 4,398.15M 3,071.18M 3,677.67M 3,934.43M 3,716.11M 3,745.91M 3,745.91M 3,745.91M
(-) Cash & Equivalents 2,113.53M 1,840.72M 1,626.44M 1,879.68M 1,965.20M 1,427.65M 692.52M 739.00M 651.81M 652.74M 737.85M 586.45M 701.93M 601.10M 782.50M 621.78M 540.52M 758.54M 344.92M 332.77M 253.44M 263.82M 152.90M 153.62M 213.50M 353.82M 30.64M 12.30M 26.87M
(+) Total Debt 2,342.64M 2,925.62M 2,610.73M 3,188.89M 3,141.40M 2,759.27M 2,170.28M 1,554.90M 1,148.75M 996.66M 798.55M 678.62M 1,007.13M 1,206.31M 1,279.80M 1,104.80M 1,323.01M 2,698.18M 2,105.91M 1,833.21M 1,734.58M 1,265.65M 401.97M 67.92M 0.41M 114.49M 158.70M 108.26M 124.18M
Enterprise Value 5,451.18M 6,496.21M 7,222.51M 8,275.24M 6,673.68M 7,617.36M 9,838.33M 10,004.05M 11,565.66M 11,244.30M 12,743.74M 9,574.35M 8,614.57M 7,812.81M 10,030.10M 9,622.66M 9,791.74M 8,651.96M 14,583.87M 4,619.58M 4,728.68M 5,399.99M 3,320.24M 3,591.97M 3,721.34M 3,476.79M 3,873.97M 3,841.87M 3,843.22M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Revenue 5,989M 6,005M 6,091M 5,961M 6,938M 5,238M 4,751M 6,801M 6,879M 6,409M 5,982M 6,173M 6,170M 6,478M 5,901M 6,079M 5,026M 4,036M 3,922M 3,811M 2,858M 2,233M 1,891M 1,271M 951M 786M 486M 398M 316M 306M 207M 153M
Cost of Revenue 4,620M 4,551M 4,644M 4,591M 5,154M 4,153M 3,738M 4,791M 4,861M 4,477M 4,005M 4,341M 4,235M 4,482M 4,316M 4,185M 3,391M 2,802M 2,918M 2,825M 2,126M 1,550M 1,358M 855M 679M 556M 331M 274M 221M 215M 158M 112M
Gross Profit 1,369M 1,454M 1,447M 1,370M 1,784M 1,085M 1,013M 2,011M 2,018M 1,932M 1,977M 1,832M 1,935M 1,996M 1,585M 1,893M 1,635M 1,234M 1,004M 986M 732M 683M 533M 415M 272M 229M 155M 124M 95M 91M 49M 41M
Gross Profit Margin 22.9% 24.2% 23.8% 23.0% 25.7% 20.7% 21.3% 29.6% 29.3% 30.1% 33.0% 29.7% 31.4% 30.8% 26.9% 31.1% 32.5% 30.6% 25.6% 25.9% 25.6% 30.6% 28.2% 32.7% 28.6% 29.2% 31.9% 31.2% 30.0% 29.8% 23.8% 26.8%
R&D Expenses 188M 217M 207M 240M 276M 253M 231M 317M 289M 328M 290M 295M 289M 256M 255M 249M 190M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 41M 648M 187M 191M 295M 235M 261M 334M 316M 283M 306M 323M 305M 285M 295M 271M 246M 477M 355M 360M 313M 251M 191M 177M 120M 99M 47M 40M 24M 27M 17M 16M
Operating Expenses 680M 873M 980M 937M 830M 709M 724M 943M 885M 834M 905M 918M 862M 799M 746M 829M 691M 480M 359M 363M 316M 253M 192M 178M 121M 99M 47M 40M 24M 27M 17M 16M
Operating Income (EBIT) 690M 581M 467M 433M 954M 376M 289M 1,067M 1,133M 1,098M 1,072M 914M 1,074M 1,197M 839M 1,064M 944M 754M 645M 623M 417M 430M 340M 237M 151M 130M 108M 84M 71M 64M 32M 25M
Operating Income Margin 11.5% 9.7% 7.7% 7.3% 13.7% 7.2% 6.1% 15.7% 16.5% 17.1% 17.9% 14.8% 17.4% 18.5% 14.2% 17.5% 18.8% 18.7% 16.5% 16.3% 14.6% 19.2% 18.0% 18.7% 15.9% 16.6% 22.3% 21.1% 22.4% 21.0% 15.5% 16.2%
Interest Income 84M 56M 74M 100M 57M 54M 25M 10M 18M 7M 6M 7M 8M 6M 5M 7M 4M 5M 5M 5M 3M 3M 6M 5M 4M 6M 2M 0M 0M 0M 0M 0M
Interest Expense 102M 99M 109M 94M 89M 66M 68M 92M 57M 31M 26M 26M 31M 42M 59M 66M 41M 55M 178M 129M 106M 96M 48M 16M 7M 0M 11M 12M 12M 19M 7M 10M
Net Interest Income -18M -44M -35M 5M -32M -12M -43M -81M -39M -23M -20M -19M -23M -36M -54M -59M -37M -50M -172M -124M -103M -92M -42M -12M -3M 6M -9M -12M -12M -19M -7M -10M
Unusual Items 58M -131M 36M -1M 157M -1M -162M 142M -124M -71M -27M -12M 107M 63M 14M 69M 28M -23M 136M 26M 79M 46M 21M 2M 2M -3M -1M 1M 1M 0M 2M 3M
EBT Excluding Unusual Items 672M 537M 432M 438M 922M 365M 246M 986M 1,094M 1,075M 1,052M 895M 1,050M 1,161M 784M 1,005M 907M 703M 473M 498M 314M 338M 299M 226M 148M 136M 99M 72M 58M 45M 25M 15M
Pre-Tax Income 730M 407M 468M 437M 1,079M 363M 85M 1,128M 970M 1,004M 1,025M 883M 1,157M 1,224M 799M 1,074M 935M 680M 609M 524M 393M 383M 320M 228M 150M 133M 98M 73M 60M 46M 27M 18M
Pre-Tax Margin 12.2% 6.8% 7.7% 7.3% 15.6% 6.9% 1.8% 16.6% 14.1% 15.7% 17.1% 14.3% 18.8% 18.9% 13.5% 17.7% 18.6% 16.8% 15.5% 13.8% 13.7% 17.2% 16.9% 17.9% 15.8% 16.9% 20.2% 18.4% 18.8% 15.0% 13.2% 11.4%
Income Tax Expense 90M 33M 42M 41M 106M 36M -4M 138M 111M 121M 172M 148M 178M 185M 83M 182M 120M 76M 94M 41M 42M 50M 32M 34M 22M 19M 12M 9M 7M 5M 0M 1M
Net Income 625M 356M 410M 403M 964M 348M 97M 952M 812M 841M 805M 712M 959M 999M 708M 849M 739M 570M 513M 460M 334M 311M 280M 192M 126M 114M 87M 64M 52M 40M 27M 17M
Net Income Margin 10.4% 5.9% 6.7% 6.8% 13.9% 6.6% 2.0% 14.0% 11.8% 13.1% 13.5% 11.5% 15.5% 15.4% 12.0% 14.0% 14.7% 14.1% 13.1% 12.1% 11.7% 13.9% 14.8% 15.1% 13.2% 14.5% 17.8% 16.2% 16.6% 13.1% 13.2% 10.9%
Depreciation & Amortization 0M 286M 517M 506M 486M 468M 480M 486M 443M 397M 378M 368M 315M 279M 379M 380M 363M 355M 338M 283M 256M 218M 157M 103M 75M 53M 36M 34M 29M 18M 5M 7M
EBITDA 690M 867M 984M 939M 1,440M 844M 769M 1,554M 1,576M 1,495M 1,450M 1,283M 1,388M 1,476M 1,218M 1,444M 1,307M 1,109M 983M 905M 672M 648M 497M 340M 226M 183M 144M 118M 100M 82M 37M 32M
EBITDA Margin 11.5% 14.4% 16.2% 15.8% 20.8% 16.1% 16.2% 22.8% 22.9% 23.3% 24.2% 20.8% 22.5% 22.8% 20.6% 23.8% 26.0% 27.5% 25.1% 23.8% 23.5% 29.0% 26.3% 26.8% 23.7% 23.3% 29.6% 29.5% 31.5% 26.9% 17.9% 20.9%
NOPAT 604M 534M 425M 393M 861M 339M 304M 937M 1,003M 966M 892M 761M 909M 1,017M 751M 883M 823M 669M 546M 574M 373M 373M 306M 202M 129M 112M 95M 74M 62M 56M 32M 24M
NOPAT Margin 10.1% 8.9% 7.0% 6.6% 12.4% 6.5% 6.4% 13.8% 14.6% 15.1% 14.9% 12.3% 14.7% 15.7% 12.7% 14.5% 16.4% 16.6% 13.9% 15.1% 13.0% 16.7% 16.2% 15.9% 13.6% 14.2% 19.6% 18.5% 19.7% 18.5% 15.5% 15.4%
Owner's Earnings 502M 151M 710M 63M 946M 385M -3M 649M 326M 621M 323M 625M 517M 678M 434M 441M 585M 748M 422M -258M 44M -15M -542M -191M -138M -138M -49M 28M 6M 58M 32M 24M
Owner's Earnings Margin 8.4% 2.5% 11.7% 1.1% 13.6% 7.3% -0.1% 9.5% 4.7% 9.7% 5.4% 10.1% 8.4% 10.5% 7.4% 7.3% 11.6% 18.5% 10.8% -6.8% 1.5% -0.7% -28.7% -15.1% -14.5% -17.5% -10.0% 7.1% 2.0% 19.1% 15.6% 15.6%
EPS (Basic) 0.76 0.43 0.50 0.47 1.11 0.41 0.11 1.11 0.90 0.91 0.85 0.75 1.00 1.04 0.71 0.85 0.74 0.57 0.60 0.54 0.40 0.37 0.33 0.23 0.15 0.14 0.10 0.10 0.08 0.06 0.03 0.02
EPS (Diluted) 0.70 0.38 0.47 0.42 0.95 0.36 0.11 1.11 0.90 0.91 0.85 0.75 1.00 1.04 0.71 0.85 0.74 0.57 0.60 0.54 0.39 0.37 0.33 0.23 0.15 0.13 0.10 0.08 0.06 0.05 0.03 0.02
Shares (Basic) 821M 832M 821M 858M 868M 858M 858M 858M 902M 923M 923M 950M 959M 961M 997M 998M 999M 1,000M 855M 851M 850M 851M 851M 851M 851M 851M 851M 851M 851M 851M 851M 851M
Shares (Diluted) 893M 939M 873M 961M 1,015M 966M 858M 858M 902M 924M 951M 950M 959M 961M 997M 998M 999M 1,000M 855M 851M 850M 851M 851M 851M 851M 851M 851M 851M 851M 851M 851M 851M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Cash & Cash Equivalents 1,887.60M 2,139.11M 2,055.86M 1,558.25M 2,067.77M 1,999.71M 1,400.48M 924.32M 545.50M 693.99M 662.97M 795.50M 666.29M 872.46M 919.73M 811.15M 604.18M 569.97M 1,141.06M 330.77M 324.34M 215.13M 351.36M 202.76M 170.91M 172.28M 616.66M 24.94M 13.73M 42.41M 10.91M 16.57M
Short-Term Investments 1,599.54M 1,049.35M 693.97M 448.87M 267.70M 1.73M 268.46M 52.36M 0.00M 0.00M 0.00M 71.70M 0.00M 29.95M 18.39M 20.94M 40.42M 0.00M 0.00M 9.42M 100.00M 0.00M 0.00M 0.00M 0.00M 40.00M 0.00M 0.00M 0.05M 0.07M 0.07M 0.07M
Cash & Short-Term Investments 3,487.14M 3,188.47M 2,749.83M 2,007.12M 2,335.46M 2,001.44M 1,668.93M 976.68M 545.50M 693.99M 662.97M 867.20M 666.29M 902.41M 938.12M 832.09M 644.59M 569.97M 1,141.06M 340.18M 424.34M 215.13M 351.36M 202.76M 170.91M 212.28M 616.66M 24.94M 13.78M 42.48M 10.98M 16.63M
Net Receivables 859.56M 847.92M 933.80M 944.36M 840.39M 983.87M 760.57M 647.01M 682.21M 598.42M 377.29M 395.99M 325.78M 406.54M 386.87M 466.41M 415.86M 0.00M 316.15M -64.19M 0.00M 0.00M 255.16M 205.53M 109.12M 99.80M 102.81M 47.39M 35.07M 19.07M 17.49M 20.72M
Inventory 2,156.57M 2,034.20M 2,019.88M 2,124.14M 2,107.85M 2,345.35M 1,988.97M 2,421.50M 2,093.37M 2,100.66M 1,816.70M 1,743.96M 1,752.57M 1,645.07M 1,684.29M 1,666.91M 1,466.29M 1,229.49M 1,370.06M 997.03M 806.41M 809.44M 597.99M 458.27M 283.76M 261.14M 150.10M 145.56M 122.58M 126.80M 102.47M 76.00M
Other Current Assets 22.03M 176.63M 213.21M 490.62M 272.37M 186.10M 479.18M 229.55M 309.33M 289.17M 107.54M 57.39M 260.31M 242.19M 245.72M 2.79M -46.65M 345.18M 0.00M 348.60M 0.00M 0.00M 0.00M 92.73M 80.41M 58.74M 77.36M 15.63M 35.99M 47.33M 34.42M 39.12M
Total Current Assets 6,525.31M 6,247.21M 5,916.73M 5,566.24M 5,556.07M 5,516.76M 4,897.66M 4,274.73M 3,630.41M 3,682.24M 2,964.50M 3,064.55M 3,004.95M 3,196.22M 3,255.01M 2,968.20M 2,480.09M 2,144.64M 2,827.27M 1,621.62M 1,230.75M 1,024.58M 1,204.51M 959.29M 644.20M 631.96M 946.92M 233.52M 207.42M 235.68M 165.36M 152.48M
Property, Plant & Equipment 6,330.89M 6,406.03M 6,619.02M 6,929.42M 6,489.21M 6,056.20M 6,017.87M 6,412.33M 6,085.79M 5,635.63M 5,516.12M 5,118.99M 5,074.32M 4,701.26M 4,440.79M 4,027.99M 3,711.84M 3,705.06M 3,896.44M 3,862.58M 3,150.20M 2,849.34M 2,472.24M 1,408.84M 1,047.41M 768.77M 495.79M 349.40M 311.79M 267.40M 272.02M 270.52M
Goodwill 20.56M 20.56M 20.56M 20.56M 20.56M 20.56M 20.56M 20.56M 20.61M 20.61M 20.61M 20.61M 20.61M 20.61M 20.61M 20.56M 20.56M 20.56M 20.56M 20.56M 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 325.16M 327.89M 333.38M 343.35M 352.89M 363.13M 373.54M 516.48M 478.69M 498.95M 384.25M 363.39M 373.76M 352.85M 319.01M 309.10M 293.31M 228.96M 227.30M 139.37M 96.91M 114.19M 122.34M 106.41M 43.52M 24.33M 18.56M 16.84M 17.53M 18.39M 0.00M 0.00M
Long-Term Investments 209.07M 568.60M -491.09M 232.09M 253.58M 357.77M 26.54M 329.02M 0.00M 314.51M 168.42M -4.25M 104.05M 37.49M 49.05M 48.00M 28.52M 0.00M 0.00M 0.00M -87.50M 0.00M 0.00M 0.00M 0.00M -32.13M 0.00M 0.00M 0.98M 0.00M 0.00M 0.00M
Tax Assets 139.37M 138.33M 148.53M 157.89M 155.77M 138.52M 122.87M 99.31M 88.64M 74.70M 63.18M 62.12M 49.96M 58.16M 59.10M 60.06M 53.34M 42.93M 33.60M 29.35M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 515.22M 36.17M 1,288.24M 177.28M 533.64M 609.85M 545.55M 277.18M 376.93M 36.39M 31.26M 197.48M 16.91M 47.92M 28.09M 46.34M 40.42M 0.16M 0.00M 0.00M 100.00M 14.51M 21.01M 0.83M 9.32M 40.66M 4.06M 0.83M 0.05M 0.16M 27.24M 38.25M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 7,540.27M 7,497.58M 7,918.65M 7,860.59M 7,805.67M 7,546.02M 7,106.93M 7,654.88M 7,050.66M 6,580.79M 6,183.86M 5,758.34M 5,639.62M 5,218.28M 4,916.66M 4,512.06M 4,148.00M 3,997.66M 4,177.91M 4,051.87M 3,259.62M 2,978.05M 2,615.59M 1,516.08M 1,100.25M 801.62M 518.41M 367.07M 330.35M 285.95M 299.26M 308.77M
Total Assets 14,065.58M 13,744.80M 13,835.38M 13,426.83M 13,361.74M 13,062.78M 12,004.58M 11,929.62M 10,681.07M 10,263.03M 9,148.35M 8,822.89M 8,644.57M 8,414.50M 8,171.67M 7,480.25M 6,628.09M 6,142.31M 7,005.17M 5,673.49M 4,490.37M 4,002.63M 3,820.10M 2,475.37M 1,744.46M 1,433.58M 1,465.33M 600.59M 537.77M 521.63M 464.61M 461.25M
Accounts Payable 197.00M 174.25M 272.08M 275.50M 302.04M 335.40M 243.26M 390.57M 353.69M 373.57M 257.64M 251.68M 351.50M 400.05M 337.01M 284.36M 31.38M 275.88M 298.84M 215.13M 225.95M 402.46M 357.86M 165.89M 221.04M 48.48M 34.21M 20.12M 49.63M 45.20M 66.41M 62.29M
Short-Term Debt 821.77M 769.53M 849.69M 669.63M 826.87M 1,011.03M 930.87M 2,120.15M 1,325.27M 1,197.88M 873.26M 802.77M 517.45M 648.66M 1,415.08M 1,151.41M 869.56M 1,032.54M 1,974.33M 2,128.93M 1,654.26M 1,354.16M 1,111.01M 700.42M 90.00M 0.00M 24.01M 148.69M 115.79M 104.72M 76.11M 101.82M
Tax Payables 0.00M 44.60M 57.26M 42.63M 31.48M 29.46M 36.47M 25.05M 43.56M 33.06M 77.21M 80.62M 74.05M 115.25M 50.87M 30.58M -12.81M 28.68M -26.28M 24.10M 10.53M -18.57M 9.51M 1.45M 3.55M 41.54M 33.05M 13.81M 12.89M 8.32M -0.11M 0.31M
Deferred Revenue 160.52M 0.00M 0.00M 188.07M 206.88M 603.64M 461.04M 465.61M 0.00M 478.99M 463.81M 483.38M 397.93M 573.70M 537.40M 579.02M 466.52M 401.79M 304.96M 353.61M 257.37M 198.51M 141.37M 127.36M 157.45M 0.00M 137.64M 92.71M 76.96M 68.77M 50.00M 40.76M
Other Current Liabilities 132.01M 1,723.10M 626.85M 492.24M 71.17M 129.31M 235.72M 110.56M 110.44M 598.78M 402.31M 526.69M 198.00M 722.25M 664.17M 694.73M 781.99M 260.23M 725.86M 143.57M 550.11M 40.28M 38.71M 53.05M 17.50M 9.86M 8.33M 14.58M 12.89M 45.05M 41.54M 59.57M
Total Current Liabilities 1,311.30M 2,711.48M 1,805.88M 1,668.08M 1,438.44M 2,108.85M 1,907.37M 3,111.94M 1,832.96M 2,682.27M 2,074.23M 2,145.14M 1,538.94M 2,459.91M 3,004.53M 2,740.10M 2,136.64M 1,999.12M 3,277.72M 2,865.34M 2,698.22M 1,976.83M 1,658.45M 1,048.17M 489.54M 99.88M 237.24M 289.91M 268.16M 272.06M 233.94M 264.74M
Long-Term Debt 2,078.94M 408.15M 1,905.66M 1,736.57M 1,624.59M 2,080.44M 1,845.69M 42.36M 170.02M 93.84M 135.68M 81.50M 9.90M 97.55M 9.74M 12.68M 86.37M 92.61M 298.51M 344.78M 395.93M 483.96M 586.18M 0.00M 15.00M 0.00M 0.00M 0.00M 7.27M 14.56M 55.92M 62.67M
Capital Lease Obligations 0.00M 80.38M 91.35M 86.58M 98.50M 121.36M 128.82M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 121.01M 120.64M 131.52M 155.18M 151.24M 92.57M 85.63M 92.44M 28.03M 2.90M 2.34M 2.19M 2.06M 6.55M 4.88M 5.26M 8.91M 0.41M 0.41M 0.94M 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 Non-Current Liabilities 58.49M 58.49M 58.49M 209.05M 57.42M -131.57M 62.14M 107.43M 98.80M 1.84M 80.96M 1.84M 82.42M 64.73M 66.09M 67.44M 68.42M 2.67M 2.67M 2.67M 15.12M 13.19M 14.66M 2.67M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 36.81M 0.00M
Total Non-Current Liabilities 2,258.44M 667.67M 2,187.03M 2,187.37M 1,931.76M 2,162.80M 2,122.28M 242.23M 296.85M 98.59M 218.98M 85.53M 94.39M 168.83M 80.70M 85.38M 163.70M 95.69M 301.59M 348.40M 411.05M 497.15M 600.84M 2.67M 15.00M 0.00M 0.00M 0.00M 7.27M 14.56M 92.73M 62.67M
Total Liabilities 3,569.74M 3,379.15M 3,992.91M 3,855.45M 3,370.19M 4,271.64M 4,029.65M 3,354.18M 2,129.81M 2,780.86M 2,293.21M 2,230.67M 1,633.33M 2,628.74M 3,085.24M 2,825.48M 2,300.34M 2,094.81M 3,579.31M 3,213.74M 3,109.27M 2,473.98M 2,259.29M 1,050.85M 504.54M 99.88M 237.24M 289.91M 275.43M 286.61M 326.68M 327.41M
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 0.00M 0.00M 0.00M 0.00M 0.00M 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 817.31M 817.31M 817.31M 863.61M 887.63M 882.34M 858.13M 858.12M 922.60M 922.60M 922.60M 955.76M 955.76M 955.80M 1,008.89M 1,008.95M 994.86M 994.86M 994.86M 844.86M 422.43M 422.43M 422.43M 422.43M 352.03M 270.79M 208.30M 158.30M 158.30M 158.30M 78.30M 78.30M
Retained Earnings 7,272.38M 7,211.65M 6,933.17M 6,762.46M 6,490.91M 5,589.20M 5,346.82M 5,372.07M 4,927.50M 4,629.10M 4,319.89M 4,053.08M 3,892.07M 3,379.35M 2,729.18M 2,367.19M 1,854.83M 1,418.47M 1,090.99M 814.82M 528.88M 354.32M 250.97M 172.93M 10.89M 10.94M 0.28M 7.36M 3.71M 1.49M 0.00M 0.00M
Accumulated OCI 1,663.55M 1,555.50M 1,562.89M 1,355.59M 1,340.74M 1,258.12M 1,284.93M 1,269.33M 1,143.96M 1,038.77M 1,004.14M 891.72M 50.43M 73.22M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 317.35M 315.58M 382.84M 386.66M 393.75M 383.81M 404.10M 602.17M 579.28M 544.13M 475.09M 439.48M 427.66M 426.55M 385.99M 383.81M 337.46M 267.98M 239.76M 238.80M 191.01M 197.18M 163.19M 96.18M 42.26M 39.32M 5.06M 2.24M 0.00M 7.44M 7.05M 0.00M
Total Shareholders’ Equity 9,753.23M 9,584.45M 9,313.37M 8,981.65M 8,719.28M 7,729.66M 7,489.88M 7,499.53M 6,994.06M 6,590.47M 6,246.63M 5,900.56M 4,898.26M 4,408.37M 3,738.07M 3,376.14M 2,849.70M 2,413.33M 2,085.86M 1,659.68M 951.31M 776.75M 673.41M 595.36M 362.92M 281.73M 208.58M 165.66M 162.01M 159.79M 78.30M 78.30M
Total Equity 10,070.58M 9,900.04M 9,696.20M 9,368.31M 9,113.03M 8,113.47M 7,893.98M 8,101.69M 7,573.34M 7,134.60M 6,721.72M 6,340.04M 5,325.92M 4,834.92M 4,124.06M 3,759.95M 3,187.16M 2,681.31M 2,325.61M 1,898.48M 1,142.32M 973.93M 836.60M 691.54M 405.17M 321.05M 213.64M 167.90M 162.01M 167.24M 85.35M 78.30M
Total Liabilities & Equity 13,640.33M 13,279.18M 13,689.12M 13,223.77M 12,483.22M 12,385.12M 11,923.63M 11,455.87M 9,703.14M 9,915.47M 9,014.93M 8,570.71M 6,959.24M 7,463.66M 7,209.30M 6,585.43M 5,487.50M 4,776.13M 5,904.92M 5,112.22M 4,251.60M 3,447.92M 3,095.89M 1,742.39M 909.72M 420.92M 450.88M 457.81M 437.44M 453.85M 412.02M 405.71M
Tangible Assets 13,719.86M 13,396.34M 13,481.43M 13,062.92M 12,988.29M 12,679.08M 11,610.47M 11,392.58M 10,181.77M 9,743.47M 8,743.49M 8,438.89M 8,250.20M 8,041.04M 7,832.04M 7,150.59M 6,314.22M 5,892.79M 6,757.31M 5,513.55M 4,393.45M 3,888.43M 3,697.76M 2,368.96M 1,700.94M 1,409.25M 1,446.76M 583.75M 520.23M 503.24M 464.61M 461.25M
Tangible Equity 9,724.86M 9,551.58M 9,342.26M 9,004.40M 8,739.58M 7,729.78M 7,499.87M 7,564.65M 7,074.03M 6,615.04M 6,316.85M 5,956.04M 4,931.54M 4,461.46M 3,784.44M 3,430.29M 2,873.28M 2,431.79M 2,077.75M 1,738.54M 1,045.41M 859.74M 714.26M 585.13M 361.65M 296.71M 195.08M 151.06M 144.48M 148.84M 85.35M 78.30M
Tangible Book Value 9,724.86M 9,551.58M 9,342.26M 9,004.40M 8,739.58M 7,729.78M 7,499.87M 7,564.65M 7,074.03M 6,615.04M 6,316.85M 5,956.04M 4,931.54M 4,461.46M 3,784.44M 3,430.29M 2,873.28M 2,431.79M 2,077.75M 1,738.54M 1,045.41M 859.74M 714.26M 585.13M 361.65M 296.71M 195.08M 151.06M 144.48M 148.84M 85.35M 78.30M
Total Investments 1,808.61M 1,049.35M 202.88M 232.29M 521.28M 359.50M 295.00M 381.38M 0.00M 314.51M 168.42M 67.44M 104.05M 67.44M 67.44M 68.94M 68.94M 0.00M 0.00M 9.42M 12.50M 14.51M 5.46M 0.65M 7.02M 7.87M 0.69M 0.77M 1.03M 0.07M 0.07M 0.07M
Net Debt 1,013.10M -961.43M 699.49M 847.95M 383.69M 1,091.76M 1,376.08M 1,238.20M 949.79M 597.73M 345.97M 88.76M -138.94M -126.25M 505.08M 352.94M 351.75M 555.19M 1,131.79M 2,142.95M 1,725.85M 1,622.99M 1,345.83M 497.67M -65.91M -172.28M -592.64M 123.75M 109.32M 76.86M 121.11M 147.92M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Working Capital 5,007.2M 3,337.8M 4,235.3M 3,944.2M 3,693.6M 3,361.8M 3,152.1M 1,044.3M 1,112.2M 1,419.6M 1,544.2M 1,699.9M 1,538.3M 1,374.9M 818.7M 1,053.0M 767.0M 295.4M -85.6M -1,188.8M -707.9M -546.6M -268.7M 34.9M 216.9M 477.7M 697.7M -29.7M -1.1M 47.9M -45.5M -83.7M
Total Capital 12,731.0M 10,967.9M 12,285.4M 11,634.7M 11,564.1M 11,205.0M 10,507.3M 9,960.8M 8,641.8M 8,428.8M 7,946.9M 7,639.9M 7,216.9M 6,819.6M 6,696.6M 6,319.2M 5,429.4M 5,202.2M 5,866.3M 4,839.0M 4,100.7M 3,575.3M 3,280.0M 2,152.6M 1,364.9M 1,240.0M 1,235.1M 492.0M 446.9M 469.7M 321.2M 315.1M
Capital Employed 12,547.4M 10,835.4M 12,154.0M 11,804.8M 11,499.3M 10,907.8M 10,259.0M 8,699.2M 8,162.9M 8,000.4M 7,728.0M 7,458.3M 7,177.9M 6,593.2M 5,735.4M 5,565.0M 4,915.0M 4,293.1M 4,092.3M 2,863.0M 2,551.8M 2,431.5M 2,346.8M 1,551.0M 1,317.2M 1,279.3M 1,216.1M 337.4M 329.2M 333.9M 253.8M 225.1M
Invested Capital 10,843.4M 8,828.8M 10,229.6M 10,076.4M 9,496.4M 9,205.3M 9,106.8M 9,036.4M 8,096.3M 7,734.8M 7,284.0M 6,844.4M 6,550.6M 5,947.2M 5,776.9M 5,508.1M 4,825.2M 4,632.2M 4,725.2M 4,508.2M 3,776.3M 3,360.2M 2,928.6M 1,949.8M 1,194.0M 1,067.7M 618.4M 467.1M 433.2M 427.3M 310.3M 298.5M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31
Net Income 290.85M 356.18M 426.26M 396.35M 973.76M 327.32M 89.09M 989.33M 858.19M 883.32M 853.07M 735.54M 979.38M 1,039.81M 715.85M 892.07M 815.05M 603.74M 514.81M 483.72M 351.27M 333.13M 287.88M 193.94M 125.55M 114.13M 86.43M 64.43M 52.43M
Depreciation & Amortization 0.00M 248.91M 516.05M 502.14M 483.25M 467.71M 472.49M 481.91M 439.22M 400.77M 372.59M 368.19M 314.78M 278.56M 379.25M 379.91M 362.84M 355.33M 338.16M 282.66M 255.79M 217.76M 156.52M 103.27M 74.69M 52.63M 35.51M 33.65M 28.76M
Deferred Income Tax 0.00M 0.00M 0.00M -0.03M 42.85M -8.31M -42.74M 50.96M 11.19M -10.95M -0.92M -12.03M 0.00M 0.00M 0.00M 0.00M 0.00M 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 19.75M 0.00M 0.00M 39.98M 28.33M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.04M 9.35M 30.32M 0.00M 0.00M 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 45.38M 20.95M 69.38M -187.25M 104.99M -449.52M -174.10M -307.68M -17.16M -316.55M -25.17M -148.89M -216.77M 115.59M 13.44M -300.65M 1.43M -53.08M -129.43M -383.36M -94.74M -171.98M -161.04M -262.22M 66.15M -177.09M -47.55M -12.16M 17.83M
Accounts Receivable 41.05M 63.57M -25.46M -38.27M -31.92M -183.55M -59.28M -14.79M -87.64M -63.29M 30.15M -103.45M 48.65M -65.21M 169.05M 0.00M 0.00M 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 4.33M -42.62M 74.76M -15.59M 159.79M -376.22M 183.61M -363.69M -6.77M -270.38M -93.07M 4.87M -109.33M 45.02M -35.93M -223.67M -233.91M 167.23M -399.08M -165.14M -11.57M -213.58M 114.32M -178.89M -29.45M -117.93M -8.27M -21.63M -37.99M
Accounts Payable 0.00M 0.00M 20.08M -133.39M -65.74M 118.56M -255.69M 19.83M 66.07M 28.07M 35.90M -38.29M 0.00M 0.00M 0.00M 0.00M 0.00M 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 5.74M 0.00M 42.85M -8.31M -42.74M 50.96M -10.39M -46.17M 67.90M -153.76M -107.44M 70.57M 49.37M -76.98M 235.33M -220.31M 269.65M -218.22M -83.17M 41.60M -275.37M -83.33M 95.60M -59.15M -39.28M 9.47M 55.83M
Other Non-Cash Items 590.43M 734.44M 232.52M 143.65M -222.52M -17.39M 206.05M -77.44M 150.09M 70.49M 110.27M 72.76M 34.71M 19.96M 61.91M 28.22M 26.72M 85.83M 58.46M 112.10M 96.88M 90.06M 29.89M 53.54M 13.93M 17.98M 12.07M 11.53M 18.13M
Net Cash from Operating Activities 870.94M 1,456.11M 1,244.21M 854.86M 1,422.31M 348.14M 593.54M 1,086.11M 1,430.34M 1,038.04M 1,310.77M 1,027.60M 1,112.10M 1,453.93M 1,170.46M 999.54M 1,206.04M 991.81M 782.00M 495.13M 609.19M 468.97M 313.25M 88.54M 280.32M 7.65M 86.46M 97.45M 117.16M
Capital Expenditures (PPE) -123.10M -491.32M -217.46M -846.77M -503.58M -430.59M -580.16M -789.96M -928.79M -617.23M -861.10M -455.63M -756.76M -599.94M -653.31M -787.21M -516.64M -177.97M -429.08M -1,000.26M -546.04M -543.80M -978.91M -486.25M -338.16M -304.26M -170.66M -69.82M -74.98M
Acquisitions (Net) 0.23M 1.39M 0.00M 0.00M 7.32M 95.86M 76.63M 3.26M 32.98M 9.26M 2.10M 2.28M 0.00M 0.00M -0.05M 0.00M 1.05M 0.00M 0.00M 0.00M 8.32M 0.00M 0.72M 0.33M 338.52M 304.57M 0.00M 0.00M 0.00M
Purchases of Investments -9,383.36M -7,685.54M -1,225.23M -9,664.07M -359.56M -760.87M -1,052.22M -50.00M 0.00M -210.00M -41.52M 0.00M 0.00M 0.00M 2.10M 0.00M -13.50M -0.16M 0.00M 0.00M -120.39M 0.00M -0.69M 25.44M -6.37M -87.20M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 8,786.19M 7,868.95M 1,027.52M 9,465.14M 167.61M 1,360.18M 609.26M 64.88M 56.07M 4.86M 1.38M 0.00M 0.12M 0.00M 0.95M 0.75M 3.50M 0.00M 2.29M 117.23M 49.28M 0.16M 2.67M 0.01M 47.69M 41.63M 0.15M 0.05M 0.06M
Other Investing Activities -124.77M -140.93M -816.95M 92.46M -29.45M -236.10M 158.31M -16.23M -13.84M 83.30M -6.91M -64.14M 45.60M 36.71M 22.53M 81.85M -60.32M 15.13M 10.82M 3.30M 8.10M 4.07M -9.69M 6.37M -338.16M -304.26M 2.19M 0.08M 2.22M
Net Cash from Investing Activities -844.80M -471.78M -1,232.12M -953.24M -717.66M 28.48M -788.17M -788.06M -886.57M -743.93M -868.01M -519.76M -711.04M -563.23M -627.78M -704.61M -585.91M -163.00M -415.97M -879.73M -600.73M -539.57M -985.90M -454.10M -296.48M -349.53M -168.32M -69.69M -72.70M
Net Debt Issuance 34.84M 402.28M 324.10M -56.28M -792.27M 271.50M 869.23M 710.57M 262.25M 231.95M 167.22M 137.54M -203.52M -588.41M 196.50M 183.49M -348.92M -1,172.05M -314.31M 592.27M 335.54M 165.75M 985.86M 515.35M 104.92M -24.01M -132.87M 23.64M -27.16M
Long-Term Debt Issuance -141.51M 293.63M 324.10M -56.28M -811.08M 271.50M 869.23M 710.57M 262.25M 231.95M 167.22M 137.54M -203.52M -588.41M 196.50M 183.49M -348.92M -1,172.05M -314.31M 592.27M 335.54M 174.88M 985.86M 515.35M 104.92M -24.01M -132.87M 23.64M -27.16M
Short-Term Debt Issuance 176.35M 9.32M 0.00M 0.00M 18.81M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -9.12M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M -37.83M 0.00M -88.52M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -32.24M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -172.40M -37.83M -172.40M -88.52M 0.00M -0.20M 0.00M 0.00M 0.00M -253.63M -32.24M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 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 -257.27M -192.00M -293.30M -86.36M -62.16M -44.12M -85.81M -429.06M -506.96M -511.98M -485.54M -495.41M -387.05M -306.89M -342.15M -317.21M -276.36M -238.51M -323.27M -255.11M -236.91M -233.64M -200.81M -136.67M -90.37M -80.48M -62.43M -40.21M -39.69M
Common Dividends Paid -257.27M -192.00M -293.30M -140.34M -114.02M -84.50M -139.74M -511.02M -506.96M -511.98M -485.54M -495.41M -387.05M -306.89M -342.15M -317.21M -276.36M -238.51M -322.36M -255.11M -126.73M -158.41M -158.41M -136.67M -90.37M -80.48M -62.43M -40.21M -39.69M
Preferred Dividends Paid 0.00M 0.00M 0.00M 53.98M 51.86M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -75.22M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -106.69M -50.53M -20.96M -245.02M -51.58M 16.31M 4.18M -150.31M -442.21M 10.03M -234.31M -23.09M -35.67M -21.29M -309.33M 129.08M -37.81M 12.00M 952.63M 38.51M -108.22M 7.32M -17.00M 17.06M 1.65M 0.00M 871.73M 0.00M -0.21M
Net Cash from Financing Activities -329.12M -19.29M -27.99M -387.66M -994.53M 203.31M 733.66M 49.24M -686.92M -237.53M -562.21M -413.21M -626.24M -916.59M -454.98M -4.64M -663.09M -1,398.56M 315.96M 375.66M 100.59M -60.57M 810.45M 395.74M 16.20M -104.49M 676.43M -16.57M -67.06M
Effect of FX on Cash -307.94M 2.41M 33.69M 16.75M 142.76M -6.45M -21.05M -3.87M 1.65M -39.06M 8.54M 21.68M 4.67M -4.38M 1.32M -2.10M -4.06M -1.34M 128.31M 15.37M 0.15M -5.05M 10.80M 1.67M -1.41M 1.99M -2.86M 0.02M -0.57M
Net Change in Cash -592.87M 1,219.70M 17.80M -469.28M -147.11M 573.48M 517.97M 343.42M -141.50M 17.52M -110.92M 116.30M -220.52M -30.27M 89.03M 288.19M -47.01M -571.09M 810.29M 6.43M 109.21M -136.22M 148.60M 31.85M -1.37M -444.38M 591.71M 11.21M -23.17M
Cash at Beginning of Period 6,835.18M 5,397.63M 1,353.62M 1,822.90M 1,970.01M 1,396.53M 878.56M 535.13M 676.64M 659.12M 765.70M 649.39M 869.91M 900.18M 811.15M 522.96M 569.97M 1,141.06M 330.77M 324.34M 215.13M 351.36M 202.76M 170.91M 172.28M 616.66M 24.94M 13.73M 36.90M
Cash at End of Period 6,242.31M 6,617.32M 1,371.41M 1,353.62M 1,822.90M 1,970.01M 1,396.53M 878.56M 535.13M 676.64M 654.78M 765.70M 649.39M 869.91M 900.18M 811.15M 522.96M 569.97M 1,141.06M 330.77M 324.34M 215.13M 351.36M 202.76M 170.91M 172.28M 616.66M 24.94M 13.73M
Operating Cash Flow 870.94M 1,457.17M 1,244.21M 854.86M 1,422.31M 348.14M 593.54M 1,086.11M 1,430.34M 1,038.04M 1,310.77M 1,027.60M 1,112.10M 1,453.93M 1,170.46M 999.54M 1,206.04M 991.81M 782.00M 495.13M 609.19M 468.97M 313.25M 88.54M 280.32M 7.65M 86.46M 97.45M 117.16M
Capital Expenditure -123.10M -491.32M -217.46M -846.77M -503.58M -430.59M -580.16M -789.96M -928.79M -617.23M -861.10M -455.63M -756.76M -599.94M -653.31M -787.21M -516.64M -177.97M -429.08M -1,000.26M -546.04M -543.80M -978.91M -486.25M -338.16M -304.26M -170.66M -69.82M -74.98M
Free Cash Flow 747.84M 965.85M 1,026.75M 8.10M 918.73M -82.45M 13.38M 296.15M 501.55M 420.81M 449.67M 571.97M 355.33M 853.98M 517.15M 212.33M 689.40M 813.84M 352.92M -505.13M 63.15M -74.84M -665.66M -397.71M -57.84M -296.61M -84.21M 27.63M 42.18M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31
EBITDA 1,139.94M 874.82M 1,570.41M 1,445.82M 1,698.64M 1,065.28M 1,001.42M 1,846.20M 1,855.77M 1,717.44M 1,759.30M 1,582.76M 1,655.74M 1,734.05M 1,413.72M 1,752.90M 1,561.95M 1,112.43M 986.92M 908.00M 675.15M 649.46M 497.98M 341.31M 226.51M 183.02M 143.72M 117.67M 99.54M
(-) Tax Adjustment 140.61M 70.13M 139.48M 135.06M 166.22M 105.54M 0.00M 226.26M 213.07M 207.12M 295.59M 264.98M 254.16M 261.37M 146.80M 297.37M 200.17M 124.91M 152.11M 70.34M 71.49M 85.27M 50.01M 50.56M 32.76M 26.15M 17.32M 14.34M 11.94M
(-) Change In Working Capital 45.38M 20.95M 69.38M -187.25M 104.99M -449.52M -174.10M -307.68M -17.16M -316.55M -25.17M -148.89M -216.77M 115.59M 13.44M -300.65M 1.43M -53.08M -129.43M -383.36M -94.74M -171.98M -161.04M -262.22M 66.15M -177.09M -47.55M -12.16M 17.83M
(-) Capital Expenditure -123.10M -491.32M -217.46M -846.77M -503.58M -430.59M -580.16M -789.96M -928.79M -617.23M -861.10M -455.63M -756.76M -599.94M -653.31M -787.21M -516.64M -177.97M -429.08M -1,000.26M -546.04M -543.80M -978.91M -486.25M -338.16M -304.26M -170.66M -69.82M -74.98M
Unlevered Free Cash Flow 830.85M 292.42M 1,144.10M 651.23M 923.85M 978.67M 595.36M 1,137.67M 731.07M 1,209.65M 627.78M 1,011.04M 861.59M 757.15M 600.16M 968.98M 843.71M 862.63M 535.16M 220.75M 152.36M 192.37M -369.90M 66.73M -210.56M 29.69M 3.29M 45.68M -5.22M
(-) Net Interest Income After Taxes -15.51M -40.16M -32.12M 4.75M -28.68M -10.59M -42.74M -71.51M -34.85M -20.58M -16.64M -15.96M -19.85M -30.57M -48.50M -49.00M -32.38M -44.81M -145.83M -114.85M -92.19M -80.05M -37.53M -9.83M -2.35M 4.80M -8.15M -10.57M -10.80M
Net Debt Issuance 34.84M 402.28M 324.10M -56.28M -792.27M 271.50M 869.23M 710.57M 262.25M 231.95M 167.22M 137.54M -203.52M -588.41M 196.50M 183.49M -348.92M -1,172.05M -314.31M 592.27M 335.54M 165.75M 985.86M 515.35M 104.92M -24.01M -132.87M 23.64M -27.16M
Levered Free Cash Flow 881.21M 734.85M 1,500.32M 590.20M 160.26M 1,260.77M 1,507.33M 1,919.75M 1,028.17M 1,462.19M 811.64M 1,164.54M 677.92M 199.31M 845.16M 1,201.47M 527.17M -264.61M 366.67M 927.87M 580.09M 438.18M 653.49M 591.91M -103.29M 0.87M -121.43M 79.89M -21.57M