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Definitive Analysis

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Page: Company Financials

Fortune Real Estate Investment Trust

Ticker: 0778.HK | Industry: REIT - Retail | Sector: Real Estate
$5.01 -0.06 (-1.18%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Stock Price 3.89 5.26 6.42 8.17 7.18 9.92 9.11 9.68 9.08 7.90 7.32 6.64 5.52 3.82 3.76 3.84
Market Capitalization 7,879.49M 10,550.16M 12,734.60M 16,060.09M 14,008.99M 19,181.21M 17,493.88M 18,466.94M 17,220.41M 14,870.49M 13,684.42M 11,798.00M 9,339.17M 6,367.89M 6,264.60M 3,134.15M
(-) Cash & Equivalents 95.60M 140.15M 199.74M 168.66M 201.85M 338.22M 820.11M 528.85M 678.35M 773.25M 814.71M 705.34M 621.50M 737.07M 510.30M 257.67M
(+) Total Debt 9,747.83M 9,598.71M 9,222.64M 8,804.54M 8,763.28M 8,664.01M 9,078.17M 10,760.93M 10,910.20M 11,008.64M 9,828.62M 7,278.46M 4,823.93M 3,062.14M 2,814.41M 1,393.14M
Enterprise Value 17,531.71M 20,008.72M 21,757.50M 24,695.97M 22,570.42M 27,507.01M 25,751.93M 28,699.02M 27,452.26M 25,105.88M 22,698.33M 18,371.12M 13,541.60M 8,692.96M 8,568.71M 4,269.63M

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 3,582M 3,575M 1,746M 1,786M 1,764M 1,806M 1,844M 1,960M 1,940M 2,030M 1,975M 1,882M 1,656M 1,317M 1,114M 918M 838M 701M 637M 3,334M 3,115M 2,112M 1,468M
Cost of Revenue 1,195M 1,140M 594M 585M 598M 595M 602M 621M 603M 699M 687M 676M 598M 468M 390M 318M 0M 154M 174M 893M 895M 605M 450M
Gross Profit 2,387M 2,436M 1,152M 1,201M 1,166M 1,211M 1,241M 1,339M 1,337M 1,331M 1,288M 1,206M 1,058M 850M 724M 600M 838M 547M 463M 2,441M 2,220M 1,508M 1,018M
Gross Profit Margin 66.6% 68.1% 66.0% 67.2% 66.1% 67.1% 67.3% 68.3% 68.9% 65.6% 65.2% 64.1% 63.9% 64.5% 65.0% 65.3% 100.0% 78.1% 72.7% 73.2% 71.3% 71.4% 69.3%
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 39M 60M 22M 28M 27M 37M 36M 42M 34M 34M 42M 67M 36M 124M 42M 0M 163M 0M 28M 0M 0M 0M 0M
Operating Expenses 39M 978M 22M 28M 1M 2M 2M 9M 4M 4M 6M 7M 4M 4M 4M 0M 315M 0M 40M 186M 200M -537M 49M
Operating Income (EBIT) 2,348M 1,457M 1,130M 1,173M 1,166M 1,209M 1,239M 1,330M 1,333M 1,327M 1,282M 1,199M 1,053M 846M 720M 600M 524M 547M 423M 2,254M 2,020M 2,045M 969M
Operating Income Margin 65.6% 40.8% 64.7% 65.7% 66.1% 66.9% 67.2% 67.8% 68.7% 65.4% 64.9% 63.7% 63.6% 64.2% 64.6% 65.3% 62.5% 78.1% 66.4% 67.6% 64.8% 96.8% 66.0%
Interest Income -271M 488M -21M -20M 0M 0M 0M 2M 6M 1M 2M 3M 10M 4M 6M 0M 1M 1M 8M 8M 0M 0M 0M
Interest Expense 370M 0M 541M 511M 222M 107M 192M 258M 228M 185M 173M 170M 150M 92M 71M 0M 132M 0M 101M 113M 0M 0M 0M
Net Interest Income -641M 488M -562M -531M -221M -107M -192M -256M -222M -184M -171M -167M -140M -88M -65M 0M -131M 1M -93M -105M 0M 0M 0M
Unusual Items -3,063M 413M -950M -646M -167M 419M -4,034M 622M 5,101M 2,277M 358M 1,650M 3,188M 3,024M 1,696M 2,856M 1,705M 631M -1,131M 1,991M 3,042M 3,452M -93M
EBT Excluding Unusual Items 1,708M 1,945M 568M 642M 944M 1,102M 1,047M 1,073M 1,111M 1,143M 1,111M 1,032M 914M 758M 655M 600M 393M 548M 330M 2,149M 2,020M 2,045M 969M
Pre-Tax Income -1,356M 2,358M -382M -4M 777M 1,521M -2,987M 1,696M 6,212M 3,420M 1,470M 2,683M 4,102M 3,782M 2,350M 3,456M 2,097M 1,179M -801M 4,141M 5,062M 5,497M 876M
Pre-Tax Margin -37.8% 66.0% -21.9% -0.2% 44.1% 84.2% -162.0% 86.5% 320.2% 168.5% 74.4% 142.5% 247.7% 287.1% 211.1% 376.4% 250.2% 168.2% -125.7% 124.2% 162.5% 260.2% 59.7%
Income Tax Expense 251M 463M 137M 151M 275M 204M 206M 219M 221M 219M 212M 196M 171M 133M 112M 92M 78M 66M 54M 324M 297M 215M 162M
Net Income -1,606M 1,895M -519M -155M 503M 1,318M -3,193M 1,477M 5,991M 3,201M 1,258M 2,486M 3,931M 3,649M 2,238M 3,363M 2,019M 1,113M -855M 3,816M 4,764M 5,281M 715M
Net Income Margin -44.8% 53.0% -29.7% -8.7% 28.5% 72.9% -173.2% 75.4% 308.8% 157.7% 63.7% 132.1% 237.4% 277.0% 201.0% 366.4% 240.9% 158.7% -134.2% 114.5% 152.9% 250.0% 48.7%
Depreciation & Amortization -1,965M -2,375M 7M 8M 6M 14M 0M 920M -1,333M -1,327M -1,282M 1,594M 3,298M 3,069M 1,783M 0M 22M 0M 4M 0M 0M 0M -15M
EBITDA 383M -918M 1,137M 1,181M 1,172M 1,223M 1,239M 2,250M 0M 0M 0M 2,793M 4,351M 3,914M 2,503M 600M 546M 548M 427M 2,255M 2,020M 2,045M 954M
EBITDA Margin 10.7% -25.7% 65.1% 66.1% 66.4% 67.7% 67.2% 114.8% 0.0% 0.0% 0.0% 148.4% 262.8% 297.1% 224.7% 65.3% 65.1% 78.1% 67.0% 67.6% 64.9% 96.8% 65.0%
NOPAT 1,855M 1,171M 893M 927M 754M 1,047M 979M 1,158M 1,285M 1,242M 1,098M 1,111M 1,010M 816M 686M 584M 504M 517M 334M 2,078M 1,901M 1,965M 790M
NOPAT Margin 51.8% 32.8% 51.1% 51.9% 42.7% 58.0% 53.1% 59.1% 66.2% 61.2% 55.6% 59.0% 61.0% 61.9% 61.6% 63.6% 60.1% 73.7% 52.4% 62.3% 61.0% 93.0% 53.8%
Owner's Earnings -3,652M -591M -597M -260M 509M 1,265M -3,248M 2,240M 4,597M 1,822M -97M 4,080M 7,229M 6,718M 4,021M 3,363M 2,042M -889M -851M 3,817M 4,765M 2,957M 699M
Owner's Earnings Margin -102.0% -16.5% -34.2% -14.6% 28.8% 70.0% -176.1% 114.3% 236.9% 89.7% -4.9% 216.8% 436.6% 509.9% 361.1% 366.4% 243.5% -126.8% -133.6% 114.5% 153.0% 140.0% 47.7%
EPS (Basic) -0.80 0.95 -0.26 -0.08 0.25 0.67 -1.64 0.76 3.12 1.68 0.66 1.32 2.10 2.07 1.32 2.00 1.21 1.11 -1.05 0.70 4.79 6.66 1.22
EPS (Diluted) -0.79 0.96 -0.26 -0.08 0.25 0.67 -1.64 0.76 3.12 1.68 0.66 1.32 2.10 2.07 1.32 2.00 1.21 1.11 -1.05 3.82 4.79 6.66 1.22
Shares (Basic) 2,029M 1,984M 2,028M 2,004M 1,984M 1,967M 1,951M 1,935M 1,921M 1,909M 1,897M 1,883M 1,870M 1,765M 1,695M 1,678M 1,667M 1,003M 816M 1,000M 994M 793M 586M
Shares (Diluted) 2,029M 1,984M 2,028M 2,004M 1,984M 1,967M 1,951M 1,935M 1,921M 1,909M 1,897M 1,883M 1,870M 1,765M 1,695M 1,678M 1,667M 1,003M 816M 1,000M 994M 793M 586M

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 83.27M 96.65M 96.65M 106.72M 206.86M 117.96M 177.17M 136.38M 542.90M 516.04M 585.22M 710.34M 688.41M 858.18M 578.02M 881.72M 506.07M 515.34M 243.36M 1,313.00M 1,276.00M 994.11M 493.39M
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 0.00M 0.00M 0.00M 0.00M 4.90M 4.59M 407.04M 0.00M
Cash & Short-Term Investments 83.27M 96.65M 96.65M 106.72M 206.86M 117.96M 177.17M 136.38M 542.90M 516.04M 585.22M 710.34M 688.41M 858.18M 578.02M 881.72M 506.07M 515.34M 243.36M 1,317.90M 1,280.58M 1,401.15M 493.39M
Net Receivables 51.94M 59.37M 59.37M 23.53M 81.77M 46.83M 54.60M 56.50M 36.19M 239.16M 37.16M 43.54M 35.31M 42.20M 32.46M 0.00M 0.00M 0.00M 0.00M 0.00M 27.29M 45.93M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -6.29M -6.29M -0.67M 0.00M 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 Assets 25.84M 6.95M 6.95M 41.35M 0.00M 38.91M 0.00M 12.58M 34.56M 1,300.42M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 63.24M 47.62M 36.91M 36.71M 151.96M 224.03M 161.44M
Total Current Assets 161.04M 162.96M 162.96M 171.60M 288.64M 203.70M 231.77M 199.17M 607.36M 2,054.94M 622.38M 753.88M 723.71M 900.37M 610.48M 881.72M 569.31M 562.96M 280.28M 1,354.61M 1,459.84M 1,671.11M 654.84M
Property, Plant & Equipment 37,277.33M 38,055.88M 38,055.88M 38,997.28M 39,503.27M 39,500.00M 39,075.00M 42,820.00M 42,000.00M 37,751.00M 36,368.00M 35,918.00M 32,720.00M 29,338.00M 20,208.00M 0.00M 0.00M 0.04M 0.12M 52,674.21M 46,851.12M 39,734.29M 19,922.15M
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 0.00M 0.00M 0.00M 0.00M
Intangible 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
Long-Term Investments 64.08M 204.64M 204.64M 307.88M 509.50M 21.01M 0.00M 1.33M 18.82M 19.28M 50.70M 5.88M 32.31M 66.91M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax 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
Other Non-Current 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 95.93M 0.00M -20,208.00M 16,388.00M 13,300.00M 11,500.00M 8,602.00M 0.00M 0.44M 0.00M -639.99M
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
Total Non-Current Assets 37,341.41M 38,260.51M 38,260.51M 39,305.16M 40,012.77M 39,521.01M 39,075.00M 42,821.33M 42,018.82M 37,770.28M 36,418.70M 35,923.88M 32,848.23M 29,404.91M 0.00M 16,388.00M 13,300.00M 11,500.04M 8,602.12M 52,674.21M 46,851.56M 39,734.29M 19,282.16M
Total Assets 37,502.46M 38,423.48M 38,423.48M 39,476.76M 40,301.41M 39,724.71M 39,306.77M 43,020.49M 42,626.17M 39,825.22M 37,041.08M 36,677.76M 33,571.95M 30,305.28M 610.48M 17,269.72M 13,869.31M 12,063.00M 8,882.39M 54,028.82M 48,311.40M 41,405.40M 19,937.00M
Accounts Payable 438.89M 422.71M 422.71M 446.33M 474.15M 458.40M 477.71M 505.06M 545.48M 511.13M 488.50M 467.61M 420.63M 394.42M 294.66M 235.20M 269.75M 276.47M 0.00M 191.97M 962.20M 882.61M 315.66M
Short-Term Debt 6,540.45M 3,295.94M 3,295.94M 660.00M 2,097.57M 1,599.60M 3,594.67M 3,499.38M 400.00M 1,496.79M 630.00M 3,780.05M 940.00M 970.00M 940.00M 420.00M 79.00M 2,786.29M 0.00M 5.54M 11.33M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 32.51M 44.20M 27.17M 26.50M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 29.38M 27.25M 23.46M 22.11M 16.00M 17.10M 14.76M 0.00M 0.00M 0.00M 0.00M 0.00M 44.20M 0.00M 26.50M
Other Current Liabilities 231.17M 49.55M 49.55M 66.85M 59.78M 27.53M 258.17M 218.95M -28.36M -147.27M 16.83M 26.46M -121.56M 125.67M 12.32M 20.25M 8.98M 34.18M 20.68M 1.47M 0.00M 0.00M 0.00M
Total Current Liabilities 7,210.51M 3,768.20M 3,768.20M 1,173.18M 2,631.49M 2,085.53M 4,330.55M 4,223.40M 946.50M 1,887.90M 1,158.79M 4,296.24M 1,255.06M 1,507.19M 1,261.74M 675.44M 357.72M 3,096.94M 20.68M 231.49M 1,061.93M 909.78M 368.67M
Long-Term Debt 3,271.23M 6,516.10M 6,516.10M 8,998.37M 7,480.20M 7,240.92M 5,164.71M 4,979.80M 8,459.46M 9,286.42M 10,229.97M 7,228.97M 8,881.11M 8,860.37M 3,878.82M 2,794.23M 2,772.45M 0.00M 2,342.66M 12,892.34M 11,962.58M 11,039.17M 4,285.33M
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 0.00M 0.00M 55.97M 123.80M
Deferred Tax Liabilities 683.82M 697.78M 697.78M 687.29M 683.72M 562.46M 530.77M 500.77M 471.33M 444.15M 426.80M 394.87M 378.24M 346.38M 192.89M 170.07M 148.17M 132.99M 114.78M 593.41M 484.71M 367.09M 264.53M
Other Non-Current Liabilities 34.78M 3.91M 3.91M 0.00M 0.00M 60.50M 180.26M 13.68M 0.00M 5.79M 4.97M 52.84M 33.62M 40.80M 145.36M 124.82M 55.29M 0.42M 53.45M 0.00M -11.33M 0.00M 0.00M
Total Non-Current Liabilities 3,989.83M 7,217.80M 7,217.80M 9,685.66M 8,163.92M 7,863.88M 5,875.73M 5,494.26M 8,930.79M 9,736.36M 10,661.73M 7,676.67M 9,292.96M 9,247.55M 4,217.06M 3,089.12M 2,975.91M 133.41M 2,510.89M 13,485.75M 12,435.97M 11,462.22M 4,673.65M
Total Liabilities 11,200.34M 10,986.00M 10,986.00M 10,858.84M 10,795.41M 9,949.41M 10,206.28M 9,717.65M 9,877.29M 11,624.26M 11,820.52M 11,972.91M 10,548.02M 10,754.74M 5,478.80M 3,764.56M 3,333.63M 3,230.34M 2,531.57M 13,717.24M 13,497.90M 12,372.00M 5,042.32M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 286.28M 0.00M 0.00M 0.00M 286.28M 0.00M 0.00M 0.00M 0.00M 345.22M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 8,568.74M 8,523.91M 8,523.91M 8,687.75M 8,569.18M 8,450.77M 8,333.90M 8,241.22M 7,827.22M 7,706.20M 7,593.55M 7,484.75M 7,378.97M 7,286.08M 6,196.77M 0.00M 0.00M 6,308.34M 4,370.53M 0.00M 0.00M 0.00M 0.00M
Retained Earnings 17,375.83M 18,406.25M 18,406.25M 19,648.66M 20,614.19M 20,988.82M 20,554.34M 24,669.18M 24,186.14M 19,181.56M 16,951.33M 16,628.61M 15,027.00M 11,876.86M 8,869.85M 0.00M 0.00M 2,823.43M 2,023.85M 17,196.92M 13,929.69M 9,729.45M 321.46M
Accumulated OCI 0.00M -285.69M -285.69M -256.31M -256.08M -286.28M -256.73M -286.28M -286.28M -286.28M -286.28M -7.04M -30.43M -53.61M -88.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 25,944.58M 26,644.47M 26,644.47M 28,080.10M 28,927.30M 29,439.59M 28,631.50M 32,624.12M 31,727.09M 26,887.77M 24,258.60M 24,106.32M 22,375.54M 19,109.33M 15,322.93M 0.00M 0.00M 9,131.77M 6,394.38M 17,196.92M 13,929.69M 9,729.45M 321.46M
Total Equity 25,944.58M 26,644.47M 26,644.47M 28,080.10M 28,927.30M 29,439.59M 28,631.50M 32,624.12M 31,727.09M 26,887.77M 24,258.60M 24,106.32M 22,375.54M 19,109.33M 15,322.93M 0.00M 0.00M 9,131.77M 6,394.38M 17,196.92M 13,929.69M 9,729.45M 321.46M
Total Liabilities & Equity 37,144.91M 37,630.48M 37,630.48M 38,938.94M 39,722.71M 39,388.99M 38,837.78M 42,341.77M 41,604.37M 38,512.03M 36,079.13M 36,079.24M 32,923.56M 29,864.07M 20,801.73M 3,764.56M 3,333.63M 12,362.11M 8,925.95M 30,914.16M 27,427.59M 22,101.45M 5,363.78M
Tangible Assets 37,502.46M 38,423.48M 38,423.48M 39,476.76M 40,301.41M 39,724.71M 39,306.77M 43,020.49M 42,626.17M 39,825.22M 37,041.08M 36,677.76M 33,571.95M 30,305.28M 610.48M 17,269.72M 13,869.31M 12,063.00M 8,882.39M 54,028.82M 48,311.40M 41,405.40M 19,937.00M
Tangible Equity 25,944.58M 26,644.47M 26,644.47M 28,080.10M 28,927.30M 29,439.59M 28,631.50M 32,624.12M 31,727.09M 26,887.77M 24,258.60M 24,106.32M 22,375.54M 19,109.33M 15,322.93M 0.00M 0.00M 9,131.77M 6,394.38M 17,196.92M 13,929.69M 9,729.45M 321.46M
Tangible Book Value 25,944.58M 26,644.47M 26,644.47M 28,080.10M 28,927.30M 29,439.59M 28,631.50M 32,624.12M 31,727.09M 26,887.77M 24,258.60M 24,106.32M 22,375.54M 19,109.33M 15,322.93M 0.00M 0.00M 9,131.77M 6,394.38M 17,196.92M 13,929.69M 9,729.45M 321.46M
Total Investments 64.08M 204.64M 204.64M 307.88M 509.50M 21.01M 0.00M 1.33M 18.82M 19.28M 50.70M 5.88M 32.31M 66.91M 0.00M 0.00M 0.00M 0.00M 0.00M 4.90M 4.59M 407.04M 0.00M
Net Debt 9,728.41M 9,715.40M 9,715.40M 9,551.66M 9,370.90M 8,722.56M 8,582.21M 8,342.80M 8,316.56M 10,267.18M 10,274.75M 10,298.69M 9,132.70M 8,972.20M 4,240.79M 2,332.51M 2,345.38M 2,270.95M 2,099.30M 11,584.89M 10,697.92M 10,045.06M 3,791.93M

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 -7,407.0M -4,112.0M -4,112.0M -1,539.4M -2,921.6M -2,474.0M -4,567.8M -4,703.0M -1,074.7M -1,146.2M -1,212.1M -4,140.9M -1,179.7M -1,048.0M -1,013.2M -71.1M 9.6M -2,534.0M 65.1M 433.0M 414.8M 659.4M 188.9M
Total Capital 35,756.2M 36,742.8M 36,742.8M 37,738.5M 38,505.1M 38,023.7M 37,390.9M 41,103.3M 40,872.8M 37,671.0M 35,404.9M 35,115.3M 32,196.6M 28,939.7M 19,796.5M 16,442.0M 13,185.1M 11,618.9M 8,499.0M 52,519.4M 46,793.0M 40,082.6M 19,330.3M
Capital Employed 29,934.4M 34,148.6M 34,148.6M 37,765.8M 37,091.2M 37,047.1M 34,507.2M 38,118.4M 40,944.2M 36,624.1M 35,206.6M 31,783.0M 31,668.5M 28,356.9M 19,194.8M 16,316.9M 13,309.6M 8,966.1M 8,667.3M 53,107.2M 47,266.4M 40,393.7M 19,471.0M
Invested Capital 35,673.0M 36,646.2M 36,646.2M 37,631.8M 38,298.2M 37,905.7M 37,213.7M 40,966.9M 40,329.9M 37,154.9M 34,819.6M 34,405.0M 31,508.2M 28,081.5M 19,218.5M 15,560.3M 12,679.1M 11,103.6M 8,255.7M 51,206.4M 45,517.0M 39,088.5M 18,836.9M

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 -1,279.71M 1,894.80M -518.98M -4.16M 502.64M 1,521.14M -2,987.02M 1,695.56M 6,211.99M 3,420.34M 1,469.56M 2,682.65M 4,101.80M 3,781.92M 2,350.46M 3,363.10M 2,097.37M 1,179.39M -801.04M 3,816.15M 4,764.44M 5,281.41M 714.62M
Depreciation & Amortization 9.88M 18.28M 0.00M 0.00M 18.28M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 22.21M 8.30M 4.10M 0.43M 0.44M 0.21M -14.97M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 234.37M 148.04M 116.19M 0.00M 118.42M 117.19M 122.23M 127.71M 121.02M 112.65M 108.80M 105.79M 92.89M 70.51M 57.95M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 19.89M -15.65M -52.00M 15.61M -18.99M -26.56M -47.25M -58.94M 11.07M 34.92M 85.04M 49.29M 56.09M 36.12M 38.86M 93.80M -22.35M 49.08M -1.07M -19.94M 93.90M 268.44M 10.84M
Accounts Receivable 19.89M -15.65M -5.09M 24.98M -18.99M 6.68M -4.59M -20.96M 3.34M -4.57M 6.11M -6.71M 5.94M 19.61M -0.63M 16.52M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M -46.91M -9.37M 0.00M -33.24M -42.66M -37.98M 7.73M 39.49M 78.93M 56.00M 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 77.29M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items 3,060.14M 34.57M 1,486.56M 1,151.82M 551.42M -520.97M 3,892.04M -379.46M -5,067.17M -2,286.05M -370.95M -1,662.01M -3,213.32M -3,084.39M -1,716.02M -2,920.94M -1,621.02M -754.55M 1,203.57M -1,673.65M -2,784.20M -4,073.83M 263.76M
Net Cash from Operating Activities 2,044.57M 2,047.07M 1,031.77M 1,163.28M 1,171.76M 1,090.81M 980.00M 1,384.87M 1,276.91M 1,281.86M 1,292.45M 1,175.72M 1,037.46M 804.16M 731.25M 535.97M 476.20M 482.21M 405.56M 2,122.98M 2,074.58M 1,476.23M 974.24M
Capital Expenditures (PPE) -80.08M -110.79M 0.00M 0.00M 0.00M -67.03M -54.92M -157.41M -61.35M -52.45M -72.96M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2,002.74M 0.00M 0.00M 0.00M -2,324.40M -0.19M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,985.01M 0.00M 0.00M -1,142.77M -95.93M -5,668.69M -1,896.23M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -13,431.98M 0.00M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -97.77M 0.00M 0.00M 0.00M -194.20M -39.02M -52.72M -20.05M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 80.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -97.28M -728.26M -84.68M -113.09M -672.93M 0.06M 0.16M 1.53M -54.98M -51.74M -70.89M -94.29M -120.48M -59.44M 45.28M 0.00M -79.08M 0.73M 8.86M -53.26M 367.67M -4.46M -3.09M
Net Cash from Investing Activities -177.36M -783.72M -84.68M -113.09M -672.93M -66.97M -54.76M -155.88M 1,930.02M -51.74M -70.89M -1,237.06M -216.41M -5,728.13M -1,850.95M -114.20M -118.10M -2,054.73M -11.20M -53.26M 367.67M -15,760.84M -3.29M
Net Debt Issuance 199.06M 0.00M 149.14M 69.40M 710.42M 100.00M 294.00M -399.06M -1,950.00M -204.60M -189.69M 1,171.10M -30.00M 5,052.95M 1,620.00M 342.30M 43.00M 516.00M 0.00M 0.00M -48.30M 0.00M -31.00M
Long-Term Debt Issuance 199.06M 0.00M 149.14M 69.40M 710.42M 100.00M 294.00M -399.06M -1,950.00M -96.30M -112.69M 1,171.10M -30.00M 5,052.95M 1,620.00M 342.30M 43.00M 516.00M 0.00M 0.00M -245.03M 0.00M -147.61M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -108.30M -77.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 196.73M 0.00M 116.61M
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 957.64M 0.00M 0.00M 0.00M 1,810.87M 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 957.64M 0.00M 0.00M 0.00M 1,810.87M 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 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
Net Dividends Paid -1,903.56M -1,760.29M -732.48M -868.01M -849.10M -971.99M -929.06M -987.22M -988.39M -952.79M -913.99M -830.53M -725.65M -587.90M -495.55M -416.62M -380.62M -313.61M -292.41M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid -1,180.14M -1,304.69M -732.48M -868.01M -849.10M -971.99M -929.06M -987.22M -988.39M -952.79M -913.99M -830.53M -725.65M -587.90M -495.55M 0.00M -380.62M -313.61M -292.41M -278.38M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M -455.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -250.92M 451.17M -373.83M -351.73M -271.25M -211.05M -249.39M -249.24M -243.97M -139.62M -243.01M -257.30M -235.18M -218.56M -158.45M -41.80M -109.75M -168.76M -100.71M -112.68M -2,199.24M 14,795.43M -874.04M
Net Cash from Financing Activities -1,955.42M -1,309.13M -957.16M -1,150.33M -409.93M -1,083.04M -884.45M -1,635.52M -3,182.36M -1,297.01M -1,346.68M 83.28M -990.82M 5,204.13M 966.00M -116.12M -447.37M 1,844.50M -393.12M -2,120.72M -2,247.54M 14,795.43M -905.04M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Change in Cash -50.80M -45.77M -10.07M -100.15M 88.90M -59.21M 40.79M -406.52M 24.57M -66.89M -125.12M 21.93M -169.77M 280.15M -153.70M 305.65M -89.27M 271.98M 1.24M -51.01M 194.70M 510.82M 65.91M
Cash at Beginning of Period 297.91M 736.79M 106.72M 206.86M 117.96M 177.17M 136.38M 542.90M 518.33M 585.22M 710.34M 688.41M 858.18M 578.02M 731.72M 426.07M 515.34M 243.36M 242.12M 1,364.00M 1,081.30M 483.29M 427.48M
Cash at End of Period 140.40M 691.02M 96.65M 106.72M 206.86M 117.96M 177.17M 136.38M 542.90M 518.33M 585.22M 710.34M 688.41M 858.18M 578.02M 731.72M 426.07M 515.34M 243.36M 1,313.00M 1,276.00M 994.11M 493.39M
Operating Cash Flow 2,044.57M 2,047.07M 1,031.77M 1,163.28M 1,171.76M 1,090.81M 980.00M 1,384.87M 1,276.91M 1,281.86M 1,292.45M 1,175.72M 1,037.46M 804.16M 731.25M 535.97M 476.20M 482.21M 405.56M 2,122.98M 2,074.58M 1,476.23M 974.24M
Capital Expenditure -80.08M -110.79M -85.04M -113.45M 0.00M -67.03M -54.92M -157.41M -61.35M -52.45M -72.96M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2,002.74M 0.00M 0.00M 0.00M -2,324.40M -0.19M
Free Cash Flow 1,964.49M 1,936.28M 1,031.77M 1,049.83M 1,171.76M 1,023.78M 925.08M 1,227.46M 1,215.55M 1,229.41M 1,219.49M 1,175.72M 1,037.46M 804.16M 731.25M 535.97M 476.20M -1,520.53M 405.56M 2,122.98M 2,074.58M -848.17M 974.05M

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 382.97M 0.00M 1,137.12M 1,181.27M 1,145.26M 1,188.80M 1,205.68M 2,217.18M -30.14M -29.63M -35.64M 2,733.40M 4,319.66M 3,794.67M 2,464.15M 599.63M 697.74M 547.51M 438.94M 2,441.06M 2,220.32M 1,507.75M 1,002.62M
(-) Tax Adjustment 0.00M 0.00M 0.00M 0.00M 400.84M 159.14M 0.00M 286.05M -1.07M -1.90M -5.13M 200.18M 179.97M 132.96M 117.50M 16.03M 25.97M 30.73M 0.00M 191.23M 130.35M 59.10M 185.02M
(-) Change In Working Capital 19.89M -15.65M -52.00M 15.61M -18.99M -26.56M -47.25M -58.94M 11.07M 34.92M 85.04M 49.29M 56.09M 36.12M 38.86M 93.80M -22.35M 49.08M -1.07M -19.94M 93.90M 268.44M 10.84M
(-) Capital Expenditure -80.08M -110.79M -85.04M -113.45M 0.00M -67.03M -54.92M -157.41M -61.35M -52.45M -72.96M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2,002.74M 0.00M 0.00M 0.00M -2,324.40M -0.19M
Unlevered Free Cash Flow 283.00M -95.14M 1,104.08M 1,052.21M 763.41M 989.18M 1,198.02M 1,832.66M -101.49M -115.10M -188.50M 2,483.93M 4,083.59M 3,625.59M 2,307.79M 489.79M 694.12M -1,535.04M 440.02M 2,269.76M 1,996.07M -1,144.19M 806.57M
(-) Net Interest Income After Taxes -640.71M 392.20M -562.35M -531.06M -143.95M -92.81M -192.42M -223.20M -213.63M -172.08M -146.48M -154.62M -134.09M -84.59M -62.02M 0.00M -126.11M 0.69M -93.00M -96.78M 0.00M 0.00M 0.00M
Net Debt Issuance 199.06M 0.00M 149.14M 69.40M 710.42M 100.00M 294.00M -399.06M -1,950.00M -204.60M -189.69M 1,171.10M -30.00M 5,052.95M 1,620.00M 342.30M 43.00M 516.00M 0.00M 0.00M -48.30M 0.00M -31.00M
Levered Free Cash Flow 1,122.77M -487.34M 1,815.57M 1,652.67M 1,617.78M 1,182.00M 1,684.43M 1,656.81M -1,837.87M -147.62M -231.72M 3,809.65M 4,187.68M 8,763.13M 3,989.81M 832.09M 863.23M -1,019.73M 533.02M 2,366.55M 1,947.77M -1,144.19M 775.57M