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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

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Page: Company Financials

Aekyung Industrial Co., Ltd.

Ticker: 018250.KS | Industry: Household & Personal Products | Sector: Consumer Defensive
$12,490.00 -150.00 (-1.19%)
As of: 2026-01-28

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Stock Price 14,500.00 17,695.00 20,502.50 16,350.00 23,500.00 22,925.00 37,000.00 54,525.00 34,000.00 34,000.00
Market Capitalization 370,719.66M 448,267.28M 526,943.71M 428,318.53M 616,076.46M 601,173.59M 974,804.62M 1,391,672.92M 724,988.17M 723,985.89M
(-) Cash & Equivalents 55,280.91M 44,247.04M 78,900.68M 112,304.79M 99,109.37M 53,157.88M 47,956.16M 48,364.96M 5,142.74M 10,261.08M
(+) Total Debt 10,509.45M 5,665.38M 16,648.71M 11,299.44M 10,988.46M 13,574.79M 4,997.16M 3,982.30M 13,906.20M 2,645.21M
Enterprise Value 325,948.20M 409,685.62M 464,691.74M 327,313.19M 527,955.55M 561,590.50M 931,845.63M 1,347,290.26M 733,751.63M 716,370.02M

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
Revenue 658,745M 692,382M 679,077M 668,867M 610,411M 573,923M 588,136M 701,337M 699,584M 628,921M 506,780M 459,430M
Cost of Revenue 361,917M 370,700M 363,605M 361,145M 341,994M 331,238M 330,249M 361,453M 344,614M 303,219M 265,620M 239,405M
Gross Profit 296,828M 321,681M 315,472M 307,722M 268,417M 242,685M 257,886M 339,884M 354,970M 325,703M 241,160M 220,025M
Gross Profit Margin 45.1% 46.5% 46.5% 46.0% 44.0% 42.3% 43.8% 48.5% 50.7% 51.8% 47.6% 47.9%
R&D Expenses 2,688M 3,879M 3,840M 4,033M 3,592M 3,663M 3,219M 3,687M 3,600M 3,098M 2,783M 1,882M
SG&A Expenses 199,628M 177,779M 184,553M 166,821M 153,422M 149,822M 162,203M 208,679M 218,099M 223,606M 152,525M 150,727M
Operating Expenses 264,696M 257,798M 268,647M 245,784M 229,378M 218,300M 235,516M 282,404M 275,799M 275,981M 201,185M 193,892M
Operating Income (EBIT) 32,132M 63,884M 46,825M 61,938M 39,039M 24,385M 22,370M 57,480M 79,171M 49,722M 39,974M 26,133M
Operating Income Margin 4.9% 9.2% 6.9% 9.3% 6.4% 4.2% 3.8% 8.2% 11.3% 7.9% 7.9% 5.7%
Interest Income 3,895M 4,187M 3,789M 4,479M 2,867M 975M 364M 856M 1,897M 610M 60M 129M
Interest Expense 407M 439M 325M 616M 268M 373M 244M 200M 251M 333M 696M 2,036M
Net Interest Income 3,488M 3,748M 3,464M 3,863M 2,599M 603M 119M 655M 1,646M 277M -637M -1,907M
Unusual Items 3,242M -8,308M 5,505M -5,946M -18,888M -4,536M -9,263M -2,283M -1,423M -1,075M -11,883M -1,541M
EBT Excluding Unusual Items 35,620M 67,632M 50,289M 65,801M 41,638M 24,988M 22,490M 58,135M 80,817M 49,999M 39,338M 24,227M
Pre-Tax Income 38,861M 59,324M 55,794M 59,855M 22,750M 20,452M 13,227M 55,852M 79,393M 48,924M 27,455M 22,686M
Pre-Tax Margin 5.9% 8.6% 8.2% 8.9% 3.7% 3.6% 2.2% 8.0% 11.3% 7.8% 5.4% 4.9%
Income Tax Expense 6,742M 12,467M 13,295M 10,823M 6,068M 4,726M 1,767M 14,209M 18,604M 10,863M 5,908M 5,493M
Net Income 32,117M 46,831M 42,561M 48,752M 16,557M 15,725M 11,460M 41,643M 60,789M 38,061M 21,546M 17,193M
Net Income Margin 4.9% 6.8% 6.3% 7.3% 2.7% 2.7% 1.9% 5.9% 8.7% 6.1% 4.3% 3.7%
Depreciation & Amortization 14,630M 15,850M 16,143M 15,226M 15,215M 14,832M 13,507M 12,686M 8,318M 7,084M 6,241M 5,776M
EBITDA 46,762M 79,734M 62,968M 77,164M 54,253M 39,217M 35,877M 70,166M 87,489M 56,806M 46,215M 31,909M
EBITDA Margin 7.1% 11.5% 9.3% 11.5% 8.9% 6.8% 6.1% 10.0% 12.5% 9.0% 9.1% 6.9%
NOPAT 26,558M 50,458M 35,667M 50,738M 28,626M 18,750M 19,382M 42,856M 60,619M 38,682M 31,372M 19,805M
NOPAT Margin 4.0% 7.3% 5.3% 7.6% 4.7% 3.3% 3.3% 6.1% 8.7% 6.2% 6.2% 4.3%
Owner's Earnings 31,322M 40,750M 45,950M 31,007M 8,733M 11,356M -18,962M 36,367M 33,667M 32,394M 19,036M 17,014M
Owner's Earnings Margin 4.8% 5.9% 6.8% 4.6% 1.4% 2.0% -3.2% 5.2% 4.8% 5.2% 3.8% 3.7%
EPS (Basic) 1.00 1.00 1.00 1.00 632.00 600.00 437.00 1.00 2.00 1.00 1.00 806.70
EPS (Diluted) 1.00 1.00 1.00 1.00 631.70 600.00 437.00 1.00 2.00 1.00 987.00 806.70
Shares (Basic) 25M 26M 25M 26M 26M 26M 26M 26M 25M 21M 21M 21M
Shares (Diluted) 26M 26M 25M 26M 26M 26M 26M 26M 25M 22M 22M 21M

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
Cash & Cash Equivalents 37,125.54M 73,436.29M 23,328.23M 65,172.41M 120,443.19M 106,052.05M 100,508.93M 133,088.18M 132,520.25M 11,965.68M 20,522.16M 3,943.90M
Short-Term Investments 7,391.93M 8,494.59M 32,596.73M 50,369.80M 19,987.67M 15,794.51M 1,275.65M 4,164.96M 1,615.55M 100.10M 63.84M 40.50M
Cash & Short-Term Investments 44,517.47M 81,930.87M 55,924.95M 115,542.21M 140,430.86M 121,846.57M 101,784.59M 137,253.13M 134,135.80M 12,065.79M 20,586.00M 3,984.40M
Net Receivables 114,742.14M 119,959.17M 135,862.68M 71.00M 53,977.63M 66,491.19M 61,738.12M 66,925.10M 57,026.96M 52,250.21M 55,544.48M 55,870.63M
Inventory 110,549.22M 103,511.79M 93,724.01M 78,126.95M 79,017.25M 80,007.31M 80,370.54M 87,242.12M 76,730.31M 62,547.02M 62,239.83M 61,582.45M
Other Current Assets 5,166.67M 8,137.06M 8,058.72M 71,827.68M 3,647.83M 10,369.70M 1,881.20M 2,934.91M 57,096.28M 208.92M 1,827.56M 21.40M
Total Current Assets 274,975.50M 313,538.89M 293,570.37M 265,567.84M 277,073.57M 278,714.78M 245,774.44M 294,355.27M 324,989.35M 127,071.93M 140,197.88M 121,458.88M
Property, Plant & Equipment 180,136.70M 169,626.39M 170,941.72M 172,222.37M 166,642.08M 152,875.65M 169,461.19M 142,178.43M 90,563.25M 64,563.64M 59,509.94M 56,352.74M
Goodwill 6,007.23M 6,007.23M 6,007.23M 6,007.23M 10,059.54M 175.00M 175.00M 175.00M 175.00M 0.00M 0.00M 0.00M
Intangible Assets 7,482.88M 7,840.84M 6,207.47M 7,480.21M 7,493.16M 6,161.28M 7,868.25M 6,829.79M 5,798.35M 4,469.46M 5,893.95M 5,847.33M
Long-Term Investments 3,303.20M 10,140.03M -26,759.79M 12,764.16M -11,900.50M -10,291.12M 3,209.66M 574.24M 890.65M 1,842.60M 1,360.62M 1,232.18M
Tax Assets 2,817.66M 739.23M 2,913.06M -9,804.46M 4,365.62M 1,026.70M 1,368.01M 416.85M 41,754.39M 20,496.74M 2,150.84M 6,021.82M
Other Non-Current Assets 16,212.42M 5,972.54M 44,270.69M 15,426.03M 30,376.11M 19,682.71M 5,972.66M 7,500.16M 385.98M 761.31M 7,411.31M 758.34M
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
Total Non-Current Assets 215,960.10M 200,326.25M 203,580.38M 204,095.55M 207,036.01M 169,630.22M 188,054.78M 157,674.48M 139,567.63M 92,133.75M 76,326.66M 70,212.41M
Total Assets 490,935.59M 513,865.14M 497,150.75M 469,663.39M 484,109.57M 448,345.00M 433,829.23M 452,029.74M 464,556.98M 219,205.68M 216,524.54M 191,671.29M
Accounts Payable 47,390.88M 69,414.95M 42,905.97M 42,874.20M 40,355.55M 43,630.31M 39,637.43M 60,001.52M 49,490.25M 49,851.27M 76,379.00M 63,265.52M
Short-Term Debt 13,730.00M 4,000.00M 2,200.00M 683.00M 23,092.00M 203.34M 8,759.00M 2,180.27M 0.00M 18,701.43M 5,290.43M 14,587.00M
Tax Payables 2,196.60M 4,268.41M 7,503.22M 4,535.19M 8,225.21M 3,166.19M 2,818.80M 5,490.26M 14,090.41M 3,203.78M 5,569.02M 5,149.78M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 549.20M 27,546.18M 34,144.94M 35,331.37M 3,231.17M 21,615.69M 38,983.45M 20,068.22M
Other Current Liabilities 15,027.88M 11,695.72M 24,655.75M 34,986.89M 42,550.88M 22,015.07M 27,840.21M 32,534.34M 34,550.15M -1,780.17M -719.53M 3,358.81M
Total Current Liabilities 78,345.36M 89,379.09M 77,264.94M 83,079.29M 114,772.85M 96,561.09M 113,200.38M 135,537.77M 101,361.98M 91,592.01M 125,502.37M 106,429.32M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3,000.00M 2,354.18M 0.00M 0.00M 0.00M 15,000.00M
Capital Lease Obligations 1,623.85M 1,665.06M 1,837.78M 1,821.54M 1,979.80M 3,294.66M 3,516.32M 2,043.05M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.91M 83.44M 0.00M 0.00M 0.00M 0.00M 0.00M 78.27M 905.80M 1,092.10M 0.00M 195.14M
Other Non-Current Liabilities 3,033.55M 3,575.91M 3,483.32M 3,307.01M 5,647.15M 8,870.50M 11,796.65M 11,662.19M 13,839.59M 11,755.97M 8,601.03M 8,919.03M
Total Non-Current Liabilities 4,658.30M 5,324.42M 5,321.10M 5,128.55M 7,626.94M 12,165.16M 18,312.96M 16,137.69M 14,745.39M 12,848.07M 8,601.03M 24,114.17M
Total Liabilities 83,003.66M 94,703.50M 82,586.04M 88,207.84M 122,399.79M 108,726.25M 131,513.35M 151,675.46M 116,107.37M 104,440.08M 134,103.39M 130,543.49M
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
Common Stock 26,409.94M 26,409.94M 26,409.94M 26,409.94M 26,409.94M 26,409.94M 26,409.94M 26,409.94M 26,266.14M 21,322.34M 21,322.34M 21,322.34M
Retained Earnings 262,342.84M 251,224.63M 260,726.15M 223,059.56M 198,250.70M 181,848.29M 169,205.32M 162,788.49M 136,660.50M 91,156.08M 60,192.38M 43,481.62M
Accumulated OCI 0.00M 0.00M -4,103.38M -3,612.45M 9,435.23M 12,385.85M 11,792.82M 10,453.69M 9,416.67M 8,934.68M 8,510.52M 0.00M
Minority Interest 0.00M 113.02M 191.74M 1,240.16M 631.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 288,752.77M 277,634.56M 283,032.70M 245,857.04M 234,095.87M 220,644.08M 207,408.08M 199,652.12M 172,343.31M 121,413.10M 90,025.24M 64,803.95M
Total Equity 288,752.77M 277,747.58M 283,224.44M 247,097.20M 234,726.95M 220,644.08M 207,408.08M 199,652.12M 172,343.31M 121,413.10M 90,025.24M 64,803.95M
Total Liabilities & Equity 371,756.43M 372,451.09M 365,810.48M 335,305.04M 357,126.74M 329,370.33M 338,921.43M 351,327.58M 288,450.68M 225,853.18M 224,128.63M 195,347.44M
Tangible Assets 477,445.48M 500,017.07M 484,936.05M 456,175.95M 466,556.88M 442,008.72M 425,785.97M 445,024.95M 458,583.62M 214,736.23M 210,630.59M 185,823.96M
Tangible Equity 275,262.66M 263,899.51M 271,009.74M 233,609.76M 217,174.26M 214,307.80M 199,364.83M 192,647.33M 166,369.95M 116,943.64M 84,131.29M 58,956.62M
Tangible Book Value 275,262.66M 263,899.51M 271,009.74M 233,609.76M 217,174.26M 214,307.80M 199,364.83M 192,647.33M 166,369.95M 116,943.64M 84,131.29M 58,956.62M
Total Investments 10,627.67M 18,503.68M 5,836.94M 63,133.96M 8,087.17M 5,503.40M 4,485.32M 4,739.20M 2,506.20M 1,942.70M 1,424.46M 1,272.68M
Net Debt -23,395.54M -69,436.29M -21,128.23M -64,489.41M -97,351.19M -105,848.72M -88,749.93M -128,553.72M -132,520.25M 6,735.75M -15,231.74M 25,643.10M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Working Capital 186,690.0M 195,248.5M 201,503.7M 178,061.8M 158,627.8M 186,904.1M 160,421.1M 194,839.6M 183,380.5M 37,402.6M 19,093.3M 23,708.2M
Total Capital 414,165.6M 396,605.5M 404,457.1M 389,647.3M 383,414.4M 349,729.4M 347,307.6M 343,032.2M 309,108.6M 136,481.8M 92,109.4M 99,393.4M
Capital Employed 402,650.0M 395,574.8M 405,084.1M 391,961.8M 365,663.8M 356,534.3M 348,475.9M 352,514.1M 322,948.2M 129,536.3M 95,420.0M 93,920.6M
Invested Capital 377,040.1M 323,169.2M 381,128.8M 324,474.9M 262,971.2M 243,677.3M 246,798.7M 209,944.0M 176,588.3M 124,516.1M 71,587.2M 95,449.5M

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
Net Income 32,120.04M 46,765.16M 42,498.55M 48,751.76M 16,682.11M 15,725.46M 11,460.21M 41,643.08M 60,789.20M 38,061.02M 21,546.41M 17,192.68M
Depreciation & Amortization 16,546.30M 15,850.17M 16,142.70M 15,225.97M 15,214.56M 15,185.48M 13,871.54M 12,960.53M 8,318.11M 7,084.12M 6,240.97M 5,775.79M
Deferred Income Tax 0.00M 3,077.81M 0.00M 0.00M 0.00M 15,475.92M 14,277.56M 4,602.92M 0.00M 13,006.18M 22,137.94M 11,013.65M
Stock-Based Compensation 34.53M 68.18M 57.28M 0.00M 99.14M 68.83M 63.16M 28.03M 0.00M 82.31M 301.75M 639.04M
Change in Working Capital -26,863.03M -34,008.74M -41,561.43M -23,050.52M -22,606.30M 2,444.87M -20,248.58M -26,162.38M -47,855.40M -64,600.78M 2,626.55M 3,665.97M
Accounts Receivable 27,743.44M -9,073.75M -6,695.48M -12,358.69M -5,649.78M 9,711.44M 4,107.32M -15,231.05M -4,223.35M 2,875.02M -329.63M 0.00M
Inventory -14,419.02M -13,198.61M -18,128.83M -1,669.31M -3,842.39M -5,054.57M -1,384.21M -15,109.22M -18,579.59M -8,159.13M -8,103.47M -4,480.89M
Accounts Payable -12,465.33M 2,933.75M 31.77M 2,518.65M -5,739.03M 4,177.19M -20,613.81M 10,464.14M -361.02M -26,527.73M 13,113.48M 0.00M
Other Working Capital -27,722.13M -14,670.13M -16,737.12M -11,541.17M -7,375.10M -6,389.19M -2,357.88M -6,286.25M -29,275.82M -56,441.65M 10,730.01M 8,146.86M
Other Non-Cash Items -4,423.81M 8,520.96M 7,664.26M 9,651.15M 24,510.51M -603.09M -120.14M -655.34M 19,976.09M -276.91M 639.70M 1,906.51M
Net Cash from Operating Activities 17,414.04M 42,933.35M 24,801.36M 50,578.36M 33,900.03M 48,297.47M 19,303.74M 32,416.84M 41,227.99M -6,644.06M 53,493.31M 40,193.64M
Capital Expenditures (PPE) -13,075.37M -21,931.17M -12,264.10M -32,970.86M -23,038.88M -19,201.54M -43,928.73M -17,961.80M -35,440.46M -12,750.68M -8,750.92M -5,954.56M
Acquisitions (Net) -10,288.78M -29.64M 0.00M 0.00M -10,845.70M 9,295.90M -1,572.54M -2,227.81M 2,228.40M 918.23M -309.34M -1,033.01M
Purchases of Investments -46,662.14M -90,159.58M -96,284.66M -81,094.36M -36,368.02M -31,998.29M -447,635.77M -1,572,014.19M -316,637.37M -10,984.55M -36.42M -26,000.00M
Sales / Maturities of Investments 95,992.91M 78,263.09M 114,298.14M 49,701.03M 30,411.88M 15,895.16M 449,001.63M 1,570,718.77M 314,735.03M 11,071.78M 91.92M 26,115.90M
Other Investing Activities -49,224.71M -399.51M -49,024.50M -457.52M 7,430.16M 1,735.58M 2,078.86M 1,841.60M -738.71M 951.85M -504.88M 1,295.06M
Net Cash from Investing Activities -23,258.10M -34,256.83M -43,275.12M -64,821.70M -32,410.57M -24,273.18M -42,056.57M -19,643.44M -35,853.11M -10,793.37M -9,509.63M -5,576.62M
Net Debt Issuance 9,718.50M -15,909.50M 1,517.00M -22,409.00M 22,888.66M -11,555.66M 11,759.00M -2,046.85M -18,701.43M 13,411.00M -24,296.57M -35,724.62M
Long-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M -5,082.23M 3,000.00M -2,046.85M 0.00M 0.00M -20,000.00M 15,000.00M
Short-Term Debt Issuance 9,718.50M -15,909.50M 1,517.00M -22,409.00M 22,888.66M -8,555.66M 8,759.00M 0.00M -18,701.43M 13,411.00M -4,296.57M -50,724.62M
Net Stock Issuance -2,188.53M -7,952.20M -10,039.06M -10,012.32M 0.00M 0.00M -5,981.86M 0.00M 0.00M 0.00M 0.00M 3,113.19M
Common Stock Issuance -89.33M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,729.05M 141,320.03M 0.00M 0.00M 3,113.19M
Common Stock Repurchased -2,099.20M -7,952.20M -10,039.06M -10,012.32M 0.00M 0.00M -5,981.86M 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
Net Dividends Paid -14,611.69M -14,906.85M -14,906.85M -8,125.08M -5,241.99M -5,241.99M -11,884.47M -11,819.76M -7,462.81M -4,264.47M -3,198.35M 0.00M
Common Dividends Paid -14,611.69M -14,906.85M -14,906.85M -8,125.08M -5,241.99M -5,241.99M -11,884.47M -11,819.76M -7,462.81M -4,264.47M -3,198.35M 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
Other Financing Activities -934.44M -1,425.69M -1,345.06M -1,302.76M -2,025.53M -2,082.23M -2,254.43M 1,729.05M 141,320.03M 0.00M 0.00M 0.00M
Net Cash from Financing Activities -8,016.16M -40,194.23M -24,773.98M -41,849.15M 15,621.15M -18,879.88M -8,361.76M -12,137.55M 115,155.79M 9,146.54M -27,494.92M -32,611.43M
Effect of FX on Cash -63.46M 425.28M 1,403.56M 821.71M -2,719.47M 398.71M -1,464.66M -67.93M 23.90M -265.59M 89.51M 3.52M
Net Change in Cash -13,923.67M -31,092.44M -41,844.18M -55,270.78M 14,391.14M 5,543.12M -32,579.24M 567.92M 120,554.57M -8,556.48M 16,578.26M 2,009.11M
Cash at Beginning of Period 179,902.90M 298,240.00M 65,172.41M 120,443.19M 106,052.05M 100,508.93M 133,088.18M 132,520.25M 11,965.68M 20,522.16M 3,943.90M 1,934.79M
Cash at End of Period 165,979.22M 267,147.57M 23,328.23M 65,172.41M 120,443.19M 106,052.05M 100,508.93M 133,088.18M 132,520.25M 11,965.68M 20,522.16M 3,943.90M
Operating Cash Flow 17,414.04M 42,933.35M 24,801.36M 50,578.36M 33,900.03M 48,297.47M 19,303.74M 32,416.84M 41,227.99M -6,644.06M 53,493.31M 40,193.64M
Capital Expenditure -15,424.88M -21,931.17M -12,753.14M -32,970.86M -23,038.88M -19,201.54M -43,928.73M -17,961.80M -35,440.46M -12,750.68M -8,750.92M -5,954.56M
Free Cash Flow 1,989.15M 21,002.17M 12,048.22M 17,607.51M 10,861.15M 29,095.93M -24,624.99M 14,455.04M 5,787.53M -19,394.73M 44,742.39M 34,239.08M

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
EBITDA 109,141.44M 155,874.19M 143,221.86M 152,093.75M 126,616.96M 104,032.84M 105,970.95M 140,202.99M 141,589.35M 106,083.05M 92,092.96M 73,191.37M
(-) Tax Adjustment 18,934.60M 32,757.73M 34,128.66M 27,501.46M 33,771.75M 24,041.32M 14,153.72M 35,668.76M 33,178.67M 23,554.04M 19,818.17M 17,721.90M
(-) Change In Working Capital -26,863.03M -34,008.74M -41,561.43M -23,050.52M -22,606.30M 2,444.87M -20,248.58M -26,162.38M -47,855.40M -64,600.78M 2,626.55M 3,665.97M
(-) Capital Expenditure -15,424.88M -21,931.17M -12,753.14M -32,970.86M -23,038.88M -19,201.54M -43,928.73M -17,961.80M -35,440.46M -12,750.68M -8,750.92M -5,954.56M
Unlevered Free Cash Flow 101,644.99M 135,194.03M 137,901.49M 114,671.95M 92,412.63M 58,345.11M 68,137.08M 112,734.81M 120,825.62M 134,379.11M 60,897.33M 45,848.94M
(-) Net Interest Income After Taxes 2,882.47M 2,960.64M 2,638.41M 3,164.36M 1,905.71M 463.45M 103.43M 488.62M 1,260.38M 215.43M -499.84M -1,444.88M
Net Debt Issuance 9,718.50M -15,909.50M 1,517.00M -22,409.00M 22,888.66M -11,555.66M 11,759.00M -2,046.85M -18,701.43M 13,411.00M -24,296.57M -35,724.62M
Levered Free Cash Flow 108,481.01M 116,323.89M 136,780.08M 89,098.58M 113,395.59M 46,326.00M 79,792.65M 110,199.35M 100,863.81M 147,574.69M 37,100.59M 11,569.21M