Page: Company Financials
Markel Corporation
$2,022.90
-27.60 (-1.35%)
As of: 2026-01-23
Master Data Export
Enterprise Value
| Metric | MRQ | MRQ-1 | 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 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Price | 1,911.36 | 1,997.36 | 1,926.11 | 1,594.73 | 1,388.25 | 1,292.55 | 1,188.87 | 964.52 | 1,103.43 | 1,118.58 | 1,039.71 | 919.41 | 813.71 | 642.68 | 532.82 | 444.28 | 395.77 | 359.35 | 308.85 | 364.37 | 486.58 | 393.86 | 332.94 | 309.45 | 250.05 | 200.75 | 186.82 | 154.97 | 176.08 | 171.11 | 138.03 | 87.56 | 63.25 |
| Market Capitalization | 24,268.54M | 25,360.48M | 24,522.50M | 20,754.09M | 18,524.85M | 17,553.83M | 16,366.89M | 13,320.58M | 15,293.45M | 15,573.58M | 14,516.86M | 12,884.25M | 11,374.65M | 8,987.07M | 6,703.88M | 4,223.42M | 3,832.91M | 3,509.96M | 3,031.20M | 3,601.17M | 4,844.82M | 3,825.12M | 3,267.32M | 3,050.41M | 2,459.96M | 1,968.04M | 1,626.54M | 1,096.08M | 982.49M | 941.25M | 775.89M | 480.66M | 352.88M |
| (-) Cash & Equivalents | 4,616.90M | 4,295.09M | 4,368.56M | 4,014.61M | 4,256.18M | 3,817.01M | 3,869.73M | 4,400.78M | 2,606.12M | 2,088.89M | 2,110.67M | 2,046.81M | 2,175.56M | 1,955.33M | 1,673.89M | 834.25M | 778.28M | 721.89M | 805.50M | 630.56M | 416.92M | 395.24M | 358.81M | 342.19M | 334.51M | 371.79M | 235.22M | 225.55M | 0.45M | 0.38M | 0.00M | 0.00M | 0.00M |
| (+) Total Debt | 0.00M | 4,364.23M | 1,454.74M | 4,235.44M | 3,979.24M | 4,291.43M | 4,088.67M | 3,545.60M | 3,528.96M | 3,018.81M | 2,659.48M | 2,516.52M | 2,244.59M | 2,260.43M | 2,122.19M | 1,404.56M | 1,215.37M | 1,003.14M | 848.07M | 636.55M | 716.63M | 872.46M | 852.73M | 696.93M | 602.64M | 400.59M | 373.06M | 574.09M | 180.67M | 93.20M | 132.30M | 105.20M | 110.83M |
| Enterprise Value | 19,651.63M | 25,429.62M | 21,608.69M | 20,974.92M | 18,247.90M | 18,028.25M | 16,585.83M | 12,465.40M | 16,216.29M | 16,503.49M | 15,065.67M | 13,353.95M | 11,443.68M | 9,292.17M | 7,152.19M | 4,793.73M | 4,270.00M | 3,791.22M | 3,073.77M | 3,607.16M | 5,144.53M | 4,302.34M | 3,761.24M | 3,405.15M | 2,728.10M | 1,996.85M | 1,764.38M | 1,444.63M | 1,162.71M | 1,034.07M | 908.19M | 585.86M | 463.70M |
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 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16,146M | 17,289M | 16,750M | 15,714M | 11,813M | 12,918M | 9,639M | 9,520M | 6,950M | 6,065M | 5,611M | 5,370M | 5,134M | 4,323M | 3,000M | 2,630M | 2,225M | 2,069M | 1,977M | 2,483M | 2,519M | 2,200M | 2,262M | 2,092M | 1,770M | 1,397M | 1,094M | 524M | 426M | 419M | 367M | 344M | 280M | 235M | 229M | 225M | 77M | 98M |
| Cost of Revenue | 7,669M | 7,757M | 7,477M | 7,633M | 8,408M | 7,025M | 6,257M | 4,667M | 4,305M | 4,219M | 3,249M | 2,752M | 2,920M | 2,338M | 1,584M | 1,723M | 1,372M | 993M | 1,269M | 1,853M | 1,900M | 1,950M | 1,982M | 1,854M | 1,602M | 1,500M | 1,071M | 440M | 328M | 120M | 0M | 0M | 81M | 67M | 46M | 42M | 8M | 12M |
| Gross Profit | 8,476M | 9,532M | 9,273M | 8,081M | 3,405M | 5,893M | 3,382M | 4,852M | 2,645M | 1,846M | 2,362M | 2,618M | 2,213M | 1,985M | 1,416M | 907M | 853M | 1,076M | 708M | 630M | 619M | 250M | 280M | 238M | 168M | -103M | 24M | 84M | 98M | 299M | 367M | 344M | 199M | 168M | 183M | 183M | 69M | 85M |
| Gross Profit Margin | 52.5% | 55.1% | 55.4% | 51.4% | 28.8% | 45.6% | 35.1% | 51.0% | 38.1% | 30.4% | 42.1% | 48.7% | 43.1% | 45.9% | 47.2% | 34.5% | 38.3% | 52.0% | 35.8% | 25.4% | 24.6% | 11.4% | 12.4% | 11.4% | 9.5% | -7.4% | 2.2% | 16.0% | 23.0% | 71.3% | 100.0% | 100.0% | 71.1% | 71.3% | 80.1% | 81.4% | 89.4% | 87.3% |
| 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 | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 676M | 475M | 459M | 416M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 22M | 0M | 19M | 41M |
| Operating Expenses | 5,754M | 5,611M | 5,635M | 5,427M | 3,557M | 2,763M | 2,382M | 2,566M | 2,653M | 1,759M | 1,732M | 1,875M | 1,773M | 1,623M | 1,104M | 717M | 558M | 878M | 867M | 58M | 65M | 64M | 56M | 56M | 51M | 79M | 76M | 31M | 22M | 20M | 8M | 9M | 8M | 6M | 27M | 0M | 23M | 44M |
| Operating Income (EBIT) | 2,722M | 3,921M | 3,638M | 2,654M | -152M | 3,130M | 1,000M | 2,286M | -8M | 87M | 630M | 742M | 440M | 362M | 312M | 190M | 296M | 199M | -160M | 572M | 553M | 186M | 224M | 182M | 118M | -182M | -52M | 53M | 75M | 279M | 359M | 335M | 191M | 162M | 156M | 183M | 46M | 42M |
| Operating Income Margin | 16.9% | 22.7% | 21.7% | 16.9% | -1.3% | 24.2% | 10.4% | 24.0% | -0.1% | 1.4% | 11.2% | 13.8% | 8.6% | 8.4% | 10.4% | 7.2% | 13.3% | 9.6% | -8.1% | 23.0% | 22.0% | 8.5% | 9.9% | 8.7% | 6.6% | -13.0% | -4.7% | 10.2% | 17.7% | 66.5% | 97.8% | 97.5% | 68.4% | 69.0% | 68.2% | 81.4% | 59.4% | 42.6% |
| Interest Income | 975M | 909M | 938M | 752M | 464M | 384M | 392M | 458M | 452M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| Interest Expense | 209M | 195M | 204M | 185M | 196M | 184M | 178M | 172M | 154M | 132M | 130M | 118M | 117M | 114M | 93M | 86M | 74M | 54M | 48M | 56M | 65M | 64M | 56M | 52M | 40M | 49M | 52M | 25M | 20M | 20M | 8M | 9M | 8M | 6M | 5M | 0M | 4M | 3M |
| Net Interest Income | 766M | 713M | 734M | 567M | 268M | 201M | 214M | 286M | 298M | -132M | -130M | -118M | -117M | -114M | -93M | -86M | -74M | -54M | -48M | -56M | -65M | -64M | -56M | -52M | -40M | -49M | -52M | -25M | -20M | -20M | -8M | -9M | -8M | -6M | -5M | 0M | -4M | -3M |
| Unusual Items | -766M | -713M | -734M | -567M | -268M | -201M | -214M | -286M | -298M | 132M | 130M | 118M | 117M | 114M | 93M | 86M | 74M | 54M | 48M | 56M | 65M | 64M | 56M | 52M | 40M | 49M | 52M | 25M | 20M | -192M | -314M | -279M | -158M | -124M | -111M | -165M | -32M | -22M |
| EBT Excluding Unusual Items | 3,488M | 4,634M | 4,372M | 3,220M | 116M | 3,331M | 1,215M | 2,572M | 290M | -45M | 500M | 624M | 323M | 248M | 219M | 104M | 222M | 145M | -208M | 516M | 488M | 122M | 168M | 130M | 78M | -231M | -104M | 28M | 55M | 259M | 351M | 327M | 184M | 156M | 151M | 183M | 41M | 39M |
| Pre-Tax Income | 2,722M | 3,921M | 3,638M | 2,654M | -152M | 3,130M | 1,000M | 2,286M | -8M | 87M | 630M | 742M | 440M | 362M | 312M | 190M | 296M | 199M | -160M | 572M | 553M | 186M | 224M | 182M | 118M | -182M | -52M | 53M | 75M | 66M | 37M | 48M | 26M | 32M | 40M | 18M | 10M | 17M |
| Pre-Tax Margin | 16.9% | 22.7% | 21.7% | 16.9% | -1.3% | 24.2% | 10.4% | 24.0% | -0.1% | 1.4% | 11.2% | 13.8% | 8.6% | 8.4% | 10.4% | 7.2% | 13.3% | 9.6% | -8.1% | 23.0% | 22.0% | 8.5% | 9.9% | 8.7% | 6.6% | -13.0% | -4.7% | 10.2% | 17.7% | 15.8% | 10.1% | 13.9% | 9.2% | 13.7% | 17.3% | 7.9% | 12.6% | 17.3% |
| Income Tax Expense | 590M | 841M | 790M | 553M | -48M | 684M | 169M | 486M | 122M | -313M | 169M | 153M | 117M | 78M | 54M | 42M | 28M | -4M | -101M | 166M | 161M | 38M | 59M | 58M | 42M | -56M | -24M | 13M | 18M | 16M | -10M | 13M | 7M | 9M | 14M | 3M | 2M | 3M |
| Net Income | 2,079M | 2,967M | 2,747M | 1,996M | -216M | 2,423M | 816M | 1,790M | -128M | 395M | 456M | 583M | 321M | 281M | 253M | 142M | 267M | 202M | -59M | 406M | 393M | 148M | 165M | 123M | 75M | -126M | -28M | 41M | 57M | 50M | 47M | 35M | 19M | 24M | 26M | 14M | 6M | 14M |
| Net Income Margin | 12.9% | 17.2% | 16.4% | 12.7% | -1.8% | 18.8% | 8.5% | 18.8% | -1.8% | 6.5% | 8.1% | 10.9% | 6.3% | 6.5% | 8.4% | 5.4% | 12.0% | 9.7% | -3.0% | 16.3% | 15.6% | 6.7% | 7.3% | 5.9% | 4.3% | -9.0% | -2.5% | 7.7% | 13.4% | 12.0% | 12.7% | 10.0% | 6.6% | 10.0% | 11.2% | 6.4% | 7.4% | 14.1% |
| Depreciation & Amortization | 189M | 179M | 342M | 320M | 309M | 336M | 307M | 269M | 228M | 204M | 194M | 201M | 204M | 190M | 87M | 71M | 54M | 31M | 31M | 31M | 34M | 36M | 31M | 39M | 28M | 42M | 32M | 13M | 7M | 7M | 11M | 11M | 15M | 13M | 12M | 13M | 5M | 4M |
| EBITDA | 2,911M | 4,100M | 3,980M | 2,973M | 158M | 3,466M | 1,308M | 2,555M | 220M | 291M | 824M | 943M | 644M | 552M | 399M | 261M | 349M | 230M | -129M | 602M | 587M | 222M | 255M | 221M | 146M | -140M | -19M | 66M | 83M | 286M | 370M | 346M | 207M | 175M | 169M | 196M | 51M | 46M |
| EBITDA Margin | 18.0% | 23.7% | 23.8% | 18.9% | 1.3% | 26.8% | 13.6% | 26.8% | 3.2% | 4.8% | 14.7% | 17.6% | 12.5% | 12.8% | 13.3% | 9.9% | 15.7% | 11.1% | -6.5% | 24.3% | 23.3% | 10.1% | 11.3% | 10.6% | 8.2% | -10.0% | -1.8% | 12.6% | 19.4% | 68.3% | 100.8% | 100.8% | 73.9% | 74.5% | 73.5% | 87.0% | 65.6% | 47.0% |
| NOPAT | 2,132M | 3,080M | 2,847M | 2,101M | -120M | 2,446M | 832M | 1,799M | -6M | 401M | 460M | 589M | 324M | 284M | 258M | 148M | 268M | 202M | -126M | 406M | 393M | 148M | 165M | 123M | 75M | -144M | -41M | 41M | 57M | 212M | 453M | 241M | 138M | 119M | 101M | 149M | 37M | 34M |
| NOPAT Margin | 13.2% | 17.8% | 17.0% | 13.4% | -1.0% | 18.9% | 8.6% | 18.9% | -0.1% | 6.6% | 8.2% | 11.0% | 6.3% | 6.6% | 8.6% | 5.6% | 12.0% | 9.8% | -6.4% | 16.3% | 15.6% | 6.7% | 7.3% | 5.9% | 4.3% | -10.3% | -3.7% | 7.7% | 13.4% | 50.6% | 123.5% | 70.2% | 49.5% | 50.7% | 44.1% | 66.2% | 48.3% | 34.8% |
| Owner's Earnings | 2,050M | 2,862M | 2,834M | 2,057M | -162M | 2,614M | 1,022M | 1,936M | -7M | 524M | 586M | 704M | 443M | 423M | 295M | 152M | 278M | 211M | -45M | 422M | 417M | 155M | 190M | 155M | 89M | -92M | -15M | 49M | 62M | 53M | 54M | 41M | 27M | 32M | 35M | 22M | 0M | 15M |
| Owner's Earnings Margin | 12.7% | 16.6% | 16.9% | 13.1% | -1.4% | 20.2% | 10.6% | 20.3% | -0.1% | 8.6% | 10.4% | 13.1% | 8.6% | 9.8% | 9.8% | 5.8% | 12.5% | 10.2% | -2.3% | 17.0% | 16.6% | 7.0% | 8.4% | 7.4% | 5.0% | -6.6% | -1.4% | 9.4% | 14.5% | 12.7% | 14.6% | 12.0% | 9.7% | 13.6% | 15.4% | 9.6% | -0.1% | 15.0% |
| EPS (Basic) | 191.20 | 217.29 | 199.69 | 147.32 | -7.45 | 176.92 | 55.67 | 129.25 | -9.21 | 25.89 | 31.41 | 41.99 | 22.38 | 22.57 | 25.96 | 14.66 | 27.31 | 20.54 | -5.99 | 40.73 | 40.43 | 15.05 | 16.79 | 12.55 | 7.67 | -14.73 | -3.99 | 7.27 | 10.41 | 9.20 | 8.58 | 6.38 | 3.33 | 4.23 | 4.64 | 2.70 | 1.05 | 2.62 |
| EPS (Diluted) | 162.38 | 225.88 | 210.65 | 149.20 | -15.93 | 175.59 | 59.03 | 128.99 | -9.21 | 28.22 | 32.37 | 41.45 | 22.85 | 22.33 | 25.96 | 14.60 | 27.27 | 20.52 | -5.99 | 40.64 | 39.40 | 14.80 | 16.41 | 12.31 | 7.65 | -14.73 | -3.99 | 7.20 | 10.17 | 8.92 | 8.30 | 6.12 | 3.33 | 4.23 | 4.64 | 2.70 | 1.05 | 2.62 |
| Shares (Basic) | 13M | 13M | 13M | 13M | 14M | 14M | 14M | 14M | 14M | 14M | 14M | 14M | 14M | 13M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 9M | 7M | 6M | 6M | 5M | 6M | 6M | 6M | 6M | 6M | 5M | 5M | 5M |
| Shares (Diluted) | 13M | 13M | 13M | 13M | 14M | 14M | 14M | 14M | 14M | 14M | 14M | 14M | 14M | 13M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 9M | 7M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 5M | 5M | 5M |
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 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 4,049.17M | 3,720.20M | 3,692.67M | 3,747.06M | 4,137.43M | 3,978.49M | 4,341.74M | 3,072.81M | 2,014.17M | 2,198.46M | 1,738.75M | 2,630.01M | 1,960.17M | 1,978.53M | 973.18M | 775.03M | 745.26M | 850.49M | 639.58M | 477.66M | 555.12M | 333.76M | 378.94M | 372.51M | 444.24M | 296.78M | 250.32M | 1.81M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Short-Term Investments | 6,798.29M | 6,552.32M | 6,863.78M | 16,944.11M | 14,526.10M | 14,387.29M | 12,715.83M | 11,167.16M | 11,120.88M | 12,101.64M | 12,227.66M | 11,036.73M | 12,017.73M | 11,594.82M | 5,952.61M | 541.01M | 325.34M | 492.58M | 508.83M | 51.55M | 139.50M | 248.54M | 121.71M | 82.01M | 67.82M | 64.79M | 80.71M | 141.75M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 10,847.47M | 10,272.53M | 10,556.44M | 20,691.17M | 18,663.53M | 18,365.78M | 17,057.57M | 14,239.96M | 13,135.05M | 14,300.10M | 13,966.41M | 13,666.74M | 13,977.90M | 13,573.35M | 6,925.79M | 1,316.05M | 1,070.60M | 1,343.08M | 1,148.41M | 529.21M | 694.61M | 582.30M | 500.65M | 454.52M | 512.06M | 361.57M | 331.03M | 143.56M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Receivables | 17,258.36M | 17,340.85M | 0.00M | 12,690.81M | 11,407.80M | 9,707.49M | 7,919.55M | 7,280.51M | 6,914.47M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 413.88M | 1,179.55M | 312.10M | 279.88M | 271.07M | 296.30M | 322.98M | 334.51M | 416.09M | 450.92M | 408.54M | 1,805.41M | 1,327.55M | 520.55M | 287.63M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 12.50M | 0.00M | 0.00M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 298.73M | -21,268.80M | -18,427.04M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | -31,810.40M | -32,177.78M | 0.00M | -35,747.22M | -32,137.44M | -29,871.85M | -26,428.98M | -22,936.34M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 Current Assets | -3,704.58M | -4,564.41M | 10,556.44M | -2,365.24M | -2,066.11M | -1,798.57M | -1,451.86M | -1,415.86M | 20,348.25M | -6,968.70M | -4,460.64M | 13,666.74M | 13,977.90M | 13,573.35M | 7,339.68M | 2,495.59M | 1,382.70M | 1,622.95M | 1,419.48M | 825.51M | 1,017.60M | 916.81M | 916.74M | 905.44M | 920.60M | 2,166.99M | 1,658.58M | 664.11M | 287.63M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 12.50M | 0.00M | 0.00M |
| Property, Plant & Equipment | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 551.54M | 501.62M | 412.40M | 430.84M | 421.39M | 347.91M | 330.23M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 9.90M | 8.00M | 10.10M | 15.40M | 27.70M | 43.30M | 42.30M | 34.20M | 36.20M | 34.90M | 10.20M |
| Goodwill | 2,820.76M | 2,826.53M | 2,735.87M | 2,624.75M | 2,638.84M | 2,899.14M | 2,604.62M | 2,308.55M | 2,237.98M | 1,777.46M | 1,142.25M | 1,167.84M | 1,049.12M | 967.72M | 674.93M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 339.72M | 339.72M | 339.72M | 0.00M | 0.00M | 0.00M | 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 | 1,566.96M | 1,617.19M | 1,459.62M | 1,588.68M | 1,747.46M | 1,822.49M | 1,782.72M | 1,738.47M | 1,726.20M | 1,355.68M | 722.54M | 792.37M | 702.75M | 565.08M | 374.30M | 867.56M | 645.90M | 502.83M | 344.03M | 344.91M | 0.00M | 0.00M | 0.00M | 357.32M | 361.44M | 372.13M | 403.00M | 92.31M | 35.30M | 37.30M | 39.30M | 41.70M | 45.10M | 53.10M | 42.30M | 45.00M | 35.80M | 7.40M |
| Long-Term Investments | 32,163.35M | 30,997.04M | 0.00M | 26,521.99M | 22,198.01M | 23,411.22M | 19,709.94M | 18,757.91M | 16,841.83M | 18,069.49M | 16,973.50M | 15,111.20M | 16,155.31M | 14,846.62M | 8,359.56M | 7,953.12M | 7,478.54M | 6,998.18M | 6,268.88M | 7,229.36M | 6,906.74M | 6,240.39M | 5,937.81M | 4,977.44M | 3,869.92M | 3,294.42M | 2,885.84M | 1,623.14M | 0.00M | 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 | 449.14M | 434.12M | 659.37M | -430.84M | 0.00M | 0.00M | -330.23M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | -36,551.07M | -35,440.76M | 54,009.83M | -30,735.42M | -26,584.31M | -28,132.85M | -24,097.29M | -22,804.93M | -449.14M | -19,005.22M | -18,045.28M | -15,111.20M | -16,576.70M | -15,194.53M | -8,359.56M | -7,953.12M | -7,478.54M | -6,998.18M | -6,268.88M | -7,229.36M | -6,444.26M | -5,937.88M | -5,560.73M | -4,977.44M | -3,869.92M | -3,666.55M | -3,288.84M | -1,725.35M | -43.30M | -47.40M | -54.70M | -69.40M | -88.40M | -95.40M | -76.50M | -81.20M | -70.70M | -17.60M |
| Other Assets | 67,391.56M | 66,791.18M | -6,863.78M | 55,045.71M | 49,791.26M | 48,477.10M | 41,710.05M | 37,473.82M | 1,173.56M | 23,744.99M | 27,235.05M | 17,595.08M | 18,758.26M | 17,850.12M | 13,122.21M | 9,073.10M | 8,796.99M | 8,133.46M | 7,714.18M | 8,964.00M | 8,268.34M | 8,255.06M | 7,764.06M | 7,269.47M | 6,126.52M | 607.09M | 525.73M | 65.84M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 661.30M | 0.00M | 0.00M |
| Total Non-Current Assets | 67,391.56M | 66,791.18M | 51,341.54M | 55,045.71M | 49,791.26M | 48,477.10M | 41,710.05M | 37,473.82M | 22,531.10M | 26,878.13M | 29,099.84M | 19,555.30M | 20,510.12M | 19,382.92M | 14,171.44M | 9,940.65M | 9,442.89M | 8,636.30M | 8,058.21M | 9,308.91M | 9,070.54M | 8,897.29M | 8,480.85M | 7,626.79M | 6,487.96M | 607.09M | 525.73M | 65.84M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 661.30M | 0.00M | 0.00M |
| Total Assets | 63,686.99M | 62,226.77M | 61,897.98M | 52,680.47M | 47,725.15M | 46,678.53M | 40,258.20M | 36,057.96M | 42,879.36M | 19,909.43M | 24,639.21M | 33,222.04M | 34,488.02M | 32,956.27M | 21,511.11M | 12,436.25M | 10,825.59M | 10,259.25M | 9,477.69M | 10,134.42M | 10,088.13M | 9,814.10M | 9,397.59M | 8,532.23M | 7,408.56M | 2,774.08M | 2,184.31M | 729.95M | 287.63M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 673.80M | 0.00M | 0.00M |
| Accounts Payable | 14,241.75M | 14,069.95M | 0.00M | 1,037.72M | 669.74M | 7,492.98M | 6,230.13M | 5,660.14M | 5,399.36M | 4,943.64M | 2,238.27M | 2,241.59M | 2,144.79M | 2,149.91M | 881.99M | 855.43M | 50.72M | 46.85M | 42.40M | 39.79M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | 0.00M | 0.00M | 0.00M | 0.00M | 249.94M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 83.70M | 51.30M | 46.40M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 Revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 5,110.82M | 4,857.33M | 2,054.36M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | -14,241.75M | -14,069.95M | 0.00M | -1,037.72M | -919.68M | -7,492.98M | -6,230.13M | -5,660.14M | -10,510.19M | -9,800.97M | -4,292.63M | -2,241.59M | -2,144.79M | -2,149.91M | -881.99M | -855.43M | -50.72M | -46.85M | 0.00M | -39.79M | -58.88M | -115.61M | -89.64M | -150.16M | -122.19M | 4,655.43M | 3,859.76M | -60.71M | -22.72M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Current Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 83.70M | 51.30M | 46.40M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 42.40M | 0.00M | -58.88M | -115.61M | -89.64M | -150.16M | -122.19M | 4,655.43M | 3,859.76M | -60.71M | -22.72M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Debt | 4,284.76M | 4,364.23M | 4,330.34M | 3,779.80M | 3,853.69M | 4,361.27M | 3,484.02M | 3,534.18M | 3,009.58M | 3,099.23M | 2,574.53M | 2,241.43M | 2,253.59M | 2,256.23M | 1,492.55M | 1,293.52M | 1,015.95M | 963.65M | 688.51M | 680.70M | 858.36M | 708.00M | 855.08M | 762.11M | 640.49M | 381.02M | 573.11M | 167.98M | 93.20M | 93.20M | 114.70M | 106.70M | 100.70M | 78.20M | 100.60M | 94.00M | 127.00M | 44.50M |
| 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 | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 895.19M | 939.69M | 989.86M | 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 | 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 | -4,284.76M | -4,364.23M | 40,098.67M | -3,779.80M | -3,853.69M | -4,361.27M | -3,484.02M | -3,534.18M | 21,022.32M | 0.00M | 0.00M | 14,794.12M | 15,283.71M | 14,949.09M | 0.00M | 0.00M | 0.00M | -963.65M | 0.00M | -680.70M | -858.36M | -708.00M | -855.08M | -762.11M | -640.49M | -381.02M | -573.11M | -167.98M | -93.20M | -93.20M | -114.70M | -106.70M | -100.70M | -78.20M | -100.60M | -94.00M | -127.00M | -44.50M |
| Total Non-Current Liabilities | 0.00M | 0.00M | 44,429.01M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 24,927.09M | 4,038.92M | 3,564.39M | 17,035.55M | 17,537.31M | 17,205.32M | 1,492.55M | 1,293.52M | 1,015.95M | 0.00M | 688.51M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 Liabilities | 0.00M | 0.00M | 44,429.01M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 25,010.79M | 4,090.22M | 3,610.79M | 17,035.55M | 17,537.31M | 17,205.32M | 1,492.55M | 1,293.52M | 1,015.95M | 0.00M | 730.91M | 0.00M | -58.88M | -115.61M | -89.64M | -150.16M | -122.19M | 4,655.43M | 3,859.76M | -60.71M | -22.72M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Stock | 0.00M | 0.00M | 591.89M | 591.89M | 591.89M | 591.89M | 591.89M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | 3,666.95M | 3,659.04M | 3,560.63M | 3,517.15M | 3,493.89M | 3,441.08M | 3,428.34M | 3,404.92M | 3,392.99M | 3,381.83M | 3,368.67M | 3,342.36M | 3,308.40M | 3,288.86M | 908.98M | 891.51M | 884.46M | 872.88M | 869.74M | 866.36M | 854.56M | 743.50M | 742.29M | 737.36M | 736.25M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained Earnings | 14,512.74M | 13,839.88M | 13,380.46M | 11,353.10M | 9,832.80M | 10,446.76M | 8,195.18M | 7,457.18M | 5,782.31M | 3,776.74M | 3,526.40M | 3,137.29M | 2,581.87M | 2,294.91M | 2,068.34M | 1,835.09M | 1,735.97M | 1,514.40M | 1,297.90M | 1,417.27M | 1,015.68M | 669.06M | 537.07M | 375.04M | 251.57M | 176.25M | 302.00M | 342.43M | 303.90M | 246.90M | 200.20M | 156.30M | 121.90M | 105.50M | 81.80M | 57.40M | 43.10M | 39.10M |
| Accumulated OCI | -138.97M | -180.76M | -617.08M | -478.21M | -767.49M | 237.62M | 584.38M | 208.77M | -94.65M | 2,345.57M | 1,565.87M | 1,354.51M | 1,704.56M | 1,089.81M | 911.34M | 660.92M | 551.09M | 387.09M | 13.03M | 357.53M | 426.15M | 292.87M | 377.15M | 269.88M | 171.30M | 173.29M | 124.46M | 15.37M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Minority Interest | 554.65M | 549.97M | 553.08M | 541.97M | 585.95M | 484.24M | 260.53M | 185.11M | 193.71M | 163.70M | 80.16M | 69.42M | 68.23M | 76.62M | 86.59M | 74.83M | 16.17M | 17.35M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 150.00M | 150.00M | 150.00M | 150.00M | 150.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Shareholders’ Equity | 18,040.71M | 17,318.16M | 16,915.90M | 14,983.93M | 13,151.09M | 14,717.35M | 12,799.79M | 11,070.87M | 9,080.65M | 9,504.15M | 8,460.93M | 7,834.15M | 7,594.82M | 6,673.58M | 3,888.66M | 3,387.51M | 3,171.52M | 2,774.36M | 2,180.67M | 2,641.16M | 2,296.39M | 1,705.43M | 1,656.50M | 1,382.28M | 1,159.11M | 349.54M | 426.46M | 357.79M | 303.90M | 246.90M | 200.20M | 156.30M | 121.90M | 105.50M | 81.80M | 57.40M | 43.10M | 39.10M |
| Total Equity | 18,595.37M | 17,868.12M | 17,468.97M | 15,525.89M | 13,737.04M | 15,201.59M | 13,060.32M | 11,255.98M | 9,274.36M | 9,667.85M | 8,541.09M | 7,903.57M | 7,663.05M | 6,750.19M | 3,975.24M | 3,462.35M | 3,187.69M | 2,791.71M | 2,180.67M | 2,641.16M | 2,296.39M | 1,705.43M | 1,656.50M | 1,382.28M | 1,159.11M | 499.54M | 576.46M | 507.79M | 453.90M | 396.90M | 200.20M | 156.30M | 121.90M | 105.50M | 81.80M | 57.40M | 43.10M | 39.10M |
| Total Liabilities & Equity | 18,595.37M | 17,868.12M | 61,897.98M | 15,525.89M | 13,737.04M | 15,201.59M | 13,060.32M | 11,255.98M | 34,285.15M | 13,758.07M | 12,151.88M | 24,939.12M | 25,200.36M | 23,955.51M | 5,467.79M | 4,755.87M | 4,203.64M | 2,791.71M | 2,911.58M | 2,641.16M | 2,237.51M | 1,589.82M | 1,566.87M | 1,232.12M | 1,036.92M | 5,154.97M | 4,436.22M | 447.09M | 431.19M | 396.90M | 200.20M | 156.30M | 121.90M | 105.50M | 81.80M | 57.40M | 43.10M | 39.10M |
| Tangible Assets | 59,299.27M | 57,783.05M | 57,702.50M | 48,467.03M | 43,338.84M | 41,956.90M | 35,870.85M | 32,010.94M | 38,915.19M | 16,776.28M | 22,774.42M | 31,261.82M | 32,736.16M | 31,423.47M | 20,461.89M | 11,568.69M | 10,179.69M | 9,756.42M | 9,133.66M | 9,789.51M | 9,748.41M | 9,474.38M | 9,057.87M | 8,174.92M | 7,047.12M | 2,401.95M | 1,781.31M | 637.64M | 252.33M | -37.30M | -39.30M | -41.70M | -45.10M | -53.10M | -42.30M | 628.80M | -35.80M | -7.40M |
| Tangible Equity | 14,207.65M | 13,424.40M | 13,273.49M | 11,312.46M | 9,350.74M | 10,479.96M | 8,672.98M | 7,208.96M | 5,310.19M | 6,534.71M | 6,676.30M | 5,943.35M | 5,911.19M | 5,217.39M | 2,926.02M | 2,594.79M | 2,541.79M | 2,288.88M | 1,836.64M | 2,296.25M | 1,956.68M | 1,365.72M | 1,316.79M | 1,024.96M | 797.67M | 127.41M | 173.46M | 415.48M | 418.60M | 359.60M | 160.90M | 114.60M | 76.80M | 52.40M | 39.50M | 12.40M | 7.30M | 31.70M |
| Tangible Book Value | 14,207.65M | 13,424.40M | 13,273.49M | 11,312.46M | 9,350.74M | 10,479.96M | 8,672.98M | 7,208.96M | 5,310.19M | 6,534.71M | 6,676.30M | 5,943.35M | 5,911.19M | 5,217.39M | 2,926.02M | 2,594.79M | 2,541.79M | 2,288.88M | 1,836.64M | 2,296.25M | 1,956.68M | 1,365.72M | 1,316.79M | 1,024.96M | 797.67M | 127.41M | 173.46M | 415.48M | 418.60M | 359.60M | 160.90M | 114.60M | 76.80M | 52.40M | 39.50M | 12.40M | 7.30M | 31.70M |
| Total Investments | 32,163.35M | 30,997.04M | 6,863.78M | 26,521.99M | 22,198.01M | 23,411.22M | 19,709.94M | 18,757.91M | 19,238.26M | 18,069.49M | 19,058.67M | 15,111.20M | 18,637.70M | 17,612.07M | 9,332.75M | 7,953.12M | 7,478.54M | 7,848.67M | 6,268.88M | 7,229.36M | 6,906.74M | 6,240.39M | 5,937.81M | 4,977.44M | 3,869.92M | 3,294.42M | 2,885.84M | 1,623.14M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Debt | 235.59M | 644.03M | 637.67M | 32.74M | -33.80M | 382.78M | -857.71M | 461.38M | 995.41M | 900.77M | 835.78M | -388.58M | 293.43M | 277.70M | 519.37M | 518.49M | 270.69M | 113.15M | 48.93M | 203.04M | 303.24M | 374.24M | 476.14M | 389.60M | 196.26M | 84.24M | 322.79M | 166.17M | 93.20M | 93.20M | 114.70M | 106.70M | 100.70M | 78.20M | 100.60M | 94.00M | 127.00M | 44.50M |
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 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital | 0.0M | 0.0M | 10,556.4M | 0.0M | 0.0M | 0.0M | 0.0M | 0.0M | 14,650.2M | 983.2M | 3,078.3M | 3,144.4M | 2,545.4M | 2,422.7M | 1,478.4M | 1,602.0M | 1,332.0M | 612.5M | 1,377.1M | 825.5M | 1,017.6M | 916.8M | 916.7M | 905.4M | 920.6M | -2,658.0M | -2,339.4M | 664.1M | 0.0M | 0.0M | 0.0M | 0.0M | 0.0M | 0.0M | 0.0M | 12.5M | 0.0M | 0.0M |
| Total Capital | 22,325.5M | 21,682.4M | 21,246.2M | 18,763.7M | 17,254.7M | 19,078.6M | 16,283.8M | 14,605.1M | 12,090.2M | 12,603.4M | 11,035.5M | 10,075.6M | 9,848.4M | 8,929.8M | 5,381.2M | 4,681.0M | 4,187.5M | 3,738.0M | 2,869.2M | 3,321.9M | 3,154.8M | 2,554.3M | 2,511.6M | 2,144.4M | 1,649.6M | 1,466.1M | 1,325.5M | 551.4M | 518.5M | 450.0M | 383.0M | 320.1M | 239.2M | 228.9M | 209.9M | 177.2M | 181.7M | 106.5M |
| Capital Employed | 67,391.6M | 66,791.2M | 61,898.0M | 55,045.7M | 49,791.3M | 48,477.1M | 41,710.1M | 37,473.8M | 37,181.3M | 27,861.4M | 32,178.1M | 22,699.7M | 23,055.6M | 21,805.6M | 15,649.8M | 11,542.6M | 10,774.9M | 9,248.7M | 9,435.3M | 10,134.4M | 10,088.1M | 9,814.1M | 9,397.6M | 8,532.2M | 7,408.6M | 1,615.6M | 1,475.2M | 2,455.3M | 1,921.3M | 1,870.1M | 1,605.3M | 1,314.5M | 1,162.5M | 1,177.4M | 757.2M | 755.0M | 733.2M | 195.7M |
| Invested Capital | 18,276.3M | 17,962.2M | 17,553.6M | 15,016.7M | 13,117.3M | 15,100.1M | 11,942.1M | 11,532.2M | 10,076.1M | 10,404.9M | 9,296.7M | 7,445.6M | 7,888.2M | 6,951.3M | 4,408.0M | 3,906.0M | 3,442.2M | 2,887.5M | 2,229.6M | 2,844.2M | 2,599.6M | 2,220.6M | 2,132.6M | 1,771.9M | 1,205.4M | 1,169.3M | 1,075.2M | 549.6M | 518.5M | 450.0M | 383.0M | 320.1M | 239.2M | 228.9M | 209.9M | 177.2M | 181.7M | 106.5M |
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 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 2,089.06M | 3,027.03M | 2,847.41M | 2,101.09M | -101.20M | 2,445.87M | 831.77M | 1,799.46M | -130.35M | 400.76M | 460.44M | 589.14M | 323.69M | 283.85M | 258.25M | 148.49M | 267.73M | 202.42M | -58.77M | 405.67M | 392.50M | 147.92M | 165.41M | 123.48M | 75.32M | -125.72M | -27.59M | 40.61M | 57.30M | 50.40M | 46.70M | 34.50M | 18.60M | 23.60M | 25.60M | 14.40M | 7.90M | 13.80M |
| Depreciation & Amortization | 0.00M | 101.73M | 342.36M | 259.92M | 366.95M | 336.39M | 307.07M | 269.24M | 227.85M | 203.87M | 194.15M | 200.99M | 203.58M | 190.07M | 87.33M | 70.57M | 53.59M | 31.17M | 28.67M | 30.53M | 27.61M | 29.58M | 31.34M | 39.26M | 28.23M | 41.91M | 32.40M | 12.86M | 7.30M | 7.30M | 10.90M | 11.10M | 15.40M | 13.00M | 12.30M | 12.60M | 4.80M | 4.30M |
| Deferred Income Tax | 0.00M | 0.00M | 394.56M | 233.80M | -281.75M | 453.41M | -2.73M | 323.39M | 2.73M | -324.09M | 63.36M | -9.68M | 84.54M | 4.05M | 37.65M | 5.65M | 7.19M | -9.14M | -100.42M | 31.94M | 30.56M | -44.51M | -29.80M | -13.22M | -3.47M | -76.20M | -18.10M | 9.48M | 7.00M | -0.60M | -15.30M | 1.40M | 4.30M | -1.10M | 0.20M | 1.60M | -0.20M | 0.20M |
| Stock-Based Compensation | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 11.90M | 14.30M | 16.30M | 18.70M | 18.40M | 4.40M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | 1,504.81M | 1,069.86M | 1,606.78M | 1,199.39M | 919.73M | 1,096.17M | 433.62M | 287.61M | 551.84M | -161.64M | -90.23M | 164.81M | 316.74M | 62.83M | 96.31M | -68.85M | -38.08M | 113.08M | 68.31M | 280.94M | 455.60M | 582.91M | 625.09M | 408.46M | 13.10M | -4.48M | 5.81M | -4.90M | 34.00M | 81.40M | 80.00M | 7.90M | -18.00M | 5.60M | -31.40M | 2.40M | 7.00M |
| Accounts Receivable | 0.00M | -486.31M | 0.00M | 0.00M | -1,821.74M | -1,684.75M | -577.83M | -313.95M | -27.96M | -38.26M | -163.12M | 5.60M | 21.15M | 142.07M | -36.59M | 0.00M | 0.00M | 0.00M | 0.00M | 27.09M | 11.53M | 50.27M | 34.83M | -42.38M | -36.47M | -13.29M | 49.42M | -2.50M | 5.80M | -5.60M | 0.80M | 12.10M | 35.50M | 7.90M | 47.10M | -2.20M | -0.10M | -0.90M |
| 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 | 0.00M | 0.00M | 0.00M | 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 | 210.81M | 131.56M | 76.59M | 65.46M | -4.31M | -40.76M | 11.58M | -31.83M | -45.20M | -150.76M | 19.19M | 0.00M | 0.00M | 0.00M | 2.61M | 17.95M | 243.31M | 321.35M | 514.27M | 680.24M | 538.61M | 10.83M | -111.77M | -35.30M | -6.40M | 19.10M | 43.40M | 35.90M | -7.40M | 2.60M | -43.40M | -13.50M | 1.30M | 4.40M |
| Other Working Capital | 0.00M | 1,991.12M | 1,069.86M | 1,606.78M | 2,810.32M | 2,472.92M | 1,597.41M | 682.11M | 319.89M | 630.86M | -10.10M | -64.01M | 188.87M | 325.44M | 80.23M | 0.00M | -68.85M | -38.08M | 110.47M | 23.27M | 26.09M | 83.98M | 33.80M | -12.77M | -93.69M | 15.56M | 57.87M | 43.61M | -4.30M | 20.50M | 37.20M | 32.00M | -20.20M | -28.50M | 1.90M | -15.70M | 1.20M | 3.50M |
| Other Non-Cash Items | 503.94M | -1,710.98M | -2,060.18M | -1,414.79M | 1,526.06M | -1,881.33M | -494.68M | -1,551.59M | -25.17M | 20.85M | 43.46M | 67.41M | -13.83M | 13.98M | -21.93M | 26.16M | -36.36M | 96.10M | 407.59M | 31.38M | -220.02M | -37.33M | -59.16M | -143.16M | -1.18M | 311.37M | 106.99M | -68.20M | -26.80M | -22.50M | -29.30M | 42.00M | 14.80M | 74.50M | -6.40M | 24.80M | 12.10M | -8.50M |
| Net Cash from Operating Activities | 2,593.01M | 2,922.59M | 2,594.01M | 2,786.81M | 2,709.44M | 2,274.07M | 1,737.59M | 1,274.12M | 892.86M | 858.53M | 534.62M | 651.15M | 716.79M | 745.52M | 392.53M | 311.32M | 223.29M | 282.46M | 390.16M | 508.32M | 511.59M | 551.25M | 690.69M | 631.45M | 507.37M | 164.47M | 89.21M | 0.56M | 39.90M | 68.60M | 94.40M | 169.00M | 61.00M | 92.00M | 29.80M | 22.00M | 27.00M | 16.80M |
| Capital Expenditures (PPE) | -217.73M | -284.57M | -254.99M | -258.62M | -254.71M | -145.25M | -101.30M | -123.38M | -106.59M | -74.65M | -63.67M | -79.76M | -82.13M | -47.73M | -45.52M | -60.13M | -42.10M | -21.91M | -17.67M | -14.50M | -9.19M | -29.50M | -6.96M | -7.91M | -14.55M | -8.51M | -19.63M | -4.03M | -2.70M | -4.60M | -4.00M | -4.50M | -7.00M | -4.60M | -2.70M | -5.30M | -10.60M | -3.40M |
| Acquisitions (Net) | -60.53M | -253.72M | -207.75M | -155.00M | 752.33M | -525.64M | -554.13M | -503.00M | -1,175.21M | -1,441.38M | -7.31M | -260.22M | -227.88M | 263.34M | -284.33M | -120.10M | -214.16M | -154.92M | -16.78M | -8.10M | 0.00M | 43.24M | 0.00M | 0.00M | 0.00M | 0.00M | -195.56M | -129.96M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Purchases of Investments | -3,635.75M | -3,562.69M | -4,366.02M | -4,941.17M | -3,401.08M | -3,420.76M | -2,151.68M | -1,051.84M | -444.28M | -941.54M | -2,895.13M | -1,638.38M | -3,282.22M | -2,121.82M | -854.73M | -930.07M | -957.19M | -726.95M | -1,169.32M | -1,652.28M | -2,125.62M | -2,444.06M | -3,497.84M | -5,236.58M | -2,755.80M | -1,382.79M | -891.64M | -995.45M | -574.80M | -904.00M | -591.00M | -793.10M | -418.00M | -585.40M | -1,289.40M | -1,220.10M | -211.60M | -178.10M |
| Sales / Maturities of Investments | 2,789.85M | 2,045.33M | 2,397.98M | 2,628.10M | 1,394.35M | 1,137.64M | 2,222.42M | 1,126.25M | 971.01M | 1,707.55M | 1,328.99M | 2,042.59M | 2,707.69M | 2,355.50M | 847.25M | 631.55M | 927.05M | 542.13M | 1,087.76M | 1,302.07M | 2,234.66M | 2,317.23M | 3,458.14M | 5,222.39M | 2,752.77M | 1,398.71M | 910.32M | 1,121.71M | 533.10M | 691.90M | 522.30M | 654.30M | 360.40M | 471.40M | 1,238.20M | 1,204.30M | 210.40M | 163.90M |
| Other Investing Activities | -26.01M | -1,236.17M | 32.17M | 23.08M | -161.09M | 16.21M | 72.93M | 16.80M | -42.17M | 5.57M | 92.02M | 61.53M | 262.33M | -261.91M | -2.16M | 4.45M | 3.06M | 27.94M | -34.19M | -4.71M | -448.63M | -454.19M | -721.03M | -797.45M | -444.66M | -335.90M | -5.10M | -6.80M | 4.20M | 15.60M | -35.30M | -23.70M | 1.40M | 38.70M | 21.20M | -11.70M | -13.70M | 0.00M |
| Net Cash from Investing Activities | -1,150.16M | -3,291.83M | -2,398.62M | -2,703.61M | -1,670.20M | -2,937.80M | -511.75M | -535.16M | -797.24M | -744.46M | -1,545.11M | 125.77M | -622.21M | 187.39M | -339.49M | -474.31M | -283.34M | -333.71M | -150.20M | -377.52M | -348.78M | -567.28M | -767.70M | -819.55M | -462.24M | -328.49M | -201.61M | -14.52M | -40.20M | -201.10M | -108.00M | -167.00M | -63.20M | -79.90M | -32.70M | -32.80M | -25.50M | -17.60M |
| Net Debt Issuance | -73.80M | 573.17M | 537.46M | -324.66M | -220.95M | 711.78M | -52.81M | 541.51M | -82.25M | 404.69M | 280.94M | -18.22M | 5.76M | 225.24M | 179.00M | 245.62M | 12.88M | 252.05M | 2.24M | -184.04M | 104.43M | -13.23M | 86.82M | 115.27M | 102.17M | -196.84M | 241.69M | 19.71M | 0.00M | -21.60M | 7.90M | 6.10M | 2.20M | -23.50M | 9.10M | -20.10M | 42.70M | 4.50M |
| Long-Term Debt Issuance | -73.80M | 573.17M | 537.46M | -324.66M | -220.95M | 711.78M | -52.81M | 541.51M | -82.25M | 404.69M | 280.94M | -18.22M | 5.76M | 225.24M | 179.00M | 245.62M | 12.88M | 252.05M | 2.24M | -184.04M | 104.43M | -13.23M | 86.82M | 115.27M | 102.17M | -196.84M | 241.69M | 19.71M | 0.00M | -21.60M | 7.90M | 6.10M | 2.20M | -23.50M | 9.10M | -20.10M | 42.70M | 4.50M |
| 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 | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | -1,127.65M | -564.98M | -572.73M | -445.48M | -290.80M | -206.52M | 565.06M | -116.31M | -54.01M | -110.84M | -51.14M | -31.49M | -26.05M | -57.39M | -7.73M | -41.73M | -45.22M | 0.00M | -60.60M | -24.21M | -45.88M | -15.93M | -3.39M | 0.00M | 0.00M | 407.53M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.30M | 0.00M | -9.40M | -0.40M |
| Common Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.55M | 4.62M | 4.75M | 5.69M | 24.52M | 0.00M | 1.18M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 407.53M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.30M | 0.10M | -4.70M | -0.20M |
| Common Stock Repurchased | -1,127.65M | -564.98M | -572.73M | -445.48M | -290.80M | -206.52M | -26.83M | -116.31M | -54.01M | -110.84M | -51.14M | -31.49M | -26.05M | -57.39M | -16.87M | -42.91M | -45.22M | 0.00M | -60.60M | -24.21M | -45.88M | -15.93M | -3.39M | 0.00M | 0.00M | 0.00M | 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 | 591.89M | 0.00M | 0.00M | 0.00M | 0.00M | -4.75M | -5.69M | -24.52M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -0.10M | -4.70M | -0.20M |
| Net Dividends Paid | -36.00M | -36.00M | -36.00M | -36.00M | -36.00M | -36.00M | -18.40M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -0.10M | -0.10M | 0.00M | -0.10M |
| Common Dividends Paid | -18.00M | -18.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -0.10M | -0.10M | 0.00M | -0.10M |
| Preferred Dividends Paid | -18.00M | -18.00M | -36.00M | -36.00M | -36.00M | -36.00M | -18.40M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | -224.74M | -60.40M | -226.61M | -193.57M | -47.56M | -99.49M | -59.29M | -65.88M | -42.73M | -37.53M | -77.78M | -24.50M | -46.83M | 7.52M | -29.31M | -9.30M | -13.27M | -0.44M | 4.72M | 0.00M | -0.01M | 0.00M | 0.00M | 1.11M | 0.16M | -0.20M | -8.03M | -5.47M | 0.50M | 144.40M | -1.50M | 0.00M | -29.30M | 0.20M | -3.30M | 0.10M | 4.70M | 0.30M |
| Net Cash from Financing Activities | -1,462.19M | -88.20M | -297.88M | -999.72M | -595.31M | 369.77M | 434.56M | 359.32M | -178.99M | 256.32M | 152.02M | -74.21M | -67.12M | 175.37M | 141.96M | 194.59M | -45.61M | 251.61M | -53.65M | -208.25M | 58.55M | -29.16M | 83.43M | 116.38M | 102.33M | 210.49M | 233.66M | 14.24M | 0.50M | 122.80M | 6.40M | 6.10M | -27.10M | -23.30M | 6.00M | -20.10M | 38.00M | 4.30M |
| Effect of FX on Cash | 9.73M | 39.10M | -37.30M | 27.04M | -103.36M | -41.73M | 55.90M | 5.64M | -21.05M | 45.30M | -32.79M | -32.87M | -45.82M | 6.49M | 3.14M | -1.82M | 0.43M | 9.75M | -24.39M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -0.10M | 0.00M | 0.00M | -12.10M | 2.90M | 10.80M | -1.50M | 0.80M |
| Net Change in Cash | -9.61M | -418.35M | -139.79M | -889.48M | 340.57M | -335.70M | 1,716.30M | 1,103.92M | -104.41M | 415.68M | -891.26M | 669.84M | -18.36M | 1,114.76M | 198.15M | 29.77M | -105.24M | 210.12M | 161.92M | -77.45M | 221.36M | -45.18M | 6.43M | -71.73M | 147.46M | 46.46M | 121.27M | 0.29M | 0.20M | -9.70M | -7.30M | 8.10M | -29.30M | -23.30M | 6.00M | -20.10M | 38.00M | 4.30M |
| Cash at Beginning of Period | 17,788.80M | 17,869.64M | 4,332.03M | 5,221.51M | 4,880.95M | 5,216.65M | 3,500.35M | 2,396.43M | 2,500.85M | 2,085.16M | 2,630.01M | 1,960.17M | 1,978.53M | 863.77M | 775.03M | 745.26M | 850.49M | 640.38M | 477.66M | 555.12M | 333.76M | 378.94M | 372.51M | 444.24M | 296.78M | 250.32M | 129.06M | 1.53M | 1.30M | 11.10M | 18.30M | 10.20M | 12.40M | 23.60M | 20.60M | 51.50M | 12.10M | 8.60M |
| Cash at End of Period | 17,779.19M | 17,451.29M | 4,192.25M | 4,332.03M | 5,221.51M | 4,880.95M | 5,216.65M | 3,500.35M | 2,396.43M | 2,500.85M | 1,738.75M | 2,630.01M | 1,960.17M | 1,978.53M | 973.18M | 775.03M | 745.26M | 850.49M | 639.58M | 477.66M | 555.12M | 333.76M | 378.94M | 372.51M | 444.24M | 296.78M | 250.32M | 1.81M | 1.50M | 1.40M | 11.00M | 18.30M | -16.90M | 0.30M | 26.60M | 31.40M | 50.10M | 12.90M |
| Operating Cash Flow | 2,593.01M | 2,922.59M | 2,594.01M | 2,786.81M | 2,709.44M | 2,274.07M | 1,737.59M | 1,274.12M | 892.86M | 858.53M | 534.62M | 651.15M | 716.79M | 745.52M | 392.53M | 311.32M | 223.29M | 282.46M | 390.16M | 508.32M | 511.59M | 551.25M | 690.69M | 631.45M | 507.37M | 164.47M | 89.21M | 0.56M | 39.90M | 68.60M | 94.40M | 169.00M | 61.00M | 92.00M | 29.80M | 22.00M | 27.00M | 16.80M |
| Capital Expenditure | -217.73M | -284.57M | -254.99M | -258.62M | -254.71M | -145.25M | -101.30M | -123.38M | -106.59M | -74.65M | -63.67M | -79.76M | -82.13M | -47.73M | -45.52M | -60.13M | -42.10M | -21.91M | -17.67M | -14.50M | -9.19M | -29.50M | -6.96M | -7.91M | -14.55M | -8.51M | -19.63M | -4.03M | -2.70M | -4.60M | -4.00M | -4.50M | -7.00M | -4.60M | -2.70M | -5.30M | -10.60M | -3.40M |
| Free Cash Flow | 2,375.28M | 2,638.02M | 2,339.02M | 2,528.19M | 2,454.73M | 2,128.82M | 1,636.29M | 1,150.74M | 786.26M | 783.88M | 470.95M | 571.40M | 634.66M | 697.80M | 347.01M | 251.19M | 181.19M | 260.56M | 372.48M | 493.83M | 502.40M | 521.75M | 683.73M | 623.54M | 492.82M | 155.96M | 69.58M | -3.47M | 37.20M | 64.00M | 90.40M | 164.50M | 54.00M | 87.40M | 27.10M | 16.70M | 16.40M | 13.40M |
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 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 8,665.17M | 9,711.25M | 9,615.44M | 8,400.54M | 3,714.94M | 6,229.32M | 3,689.04M | 4,445.75M | 2,397.79M | 1,591.31M | 2,139.67M | 2,818.51M | 2,417.03M | 2,174.68M | 1,503.06M | 977.36M | 906.86M | 1,107.64M | 738.75M | 660.88M | 652.62M | 286.19M | 311.60M | 276.94M | 196.71M | -60.96M | 56.26M | 96.84M | 105.12M | 306.20M | 377.60M | 354.70M | 214.40M | 180.60M | 173.80M | 195.70M | 54.80M | 49.20M |
| (-) Tax Adjustment | 1,879.15M | 2,082.74M | 2,088.96M | 1,749.35M | 1,181.62M | 1,361.29M | 622.00M | 945.91M | 0.00M | 0.00M | 575.67M | 580.95M | 640.46M | 468.30M | 259.15M | 214.34M | 85.26M | 0.00M | 258.56M | 192.14M | 189.75M | 58.60M | 81.55M | 88.62M | 68.85M | -18.90M | 19.69M | 23.24M | 25.23M | 73.43M | 0.00M | 99.23M | 59.23M | 47.82M | 60.83M | 36.49M | 10.17M | 9.02M |
| (-) Change In Working Capital | 0.00M | 1,504.81M | 1,069.86M | 1,606.78M | 1,199.39M | 919.73M | 1,096.17M | 433.62M | 287.61M | 551.84M | -161.64M | -90.23M | 164.81M | 316.74M | 62.83M | 96.31M | -68.85M | -38.08M | 113.08M | 68.31M | 280.94M | 455.60M | 582.91M | 625.09M | 408.46M | 13.10M | -4.48M | 5.81M | -4.90M | 34.00M | 81.40M | 80.00M | 7.90M | -18.00M | 5.60M | -31.40M | 2.40M | 7.00M |
| (-) Capital Expenditure | -217.73M | -284.57M | -254.99M | -258.62M | -254.71M | -145.25M | -101.30M | -123.38M | -106.59M | -74.65M | -63.67M | -79.76M | -82.13M | -47.73M | -45.52M | -60.13M | -42.10M | -21.91M | -17.67M | -14.50M | -9.19M | -29.50M | -6.96M | -7.91M | -14.55M | -8.51M | -19.63M | -4.03M | -2.70M | -4.60M | -4.00M | -4.50M | -7.00M | -4.60M | -2.70M | -5.30M | -10.60M | -3.40M |
| Unlevered Free Cash Flow | 6,568.30M | 5,839.12M | 6,201.62M | 4,785.79M | 1,079.22M | 3,803.05M | 1,869.58M | 2,942.84M | 2,003.58M | 964.83M | 1,661.97M | 2,248.04M | 1,529.63M | 1,341.92M | 1,135.56M | 606.58M | 848.35M | 1,123.81M | 349.44M | 385.93M | 172.74M | -257.51M | -359.81M | -444.68M | -295.15M | -63.67M | 21.42M | 63.76M | 82.09M | 194.17M | 292.20M | 170.97M | 140.27M | 146.18M | 104.67M | 185.31M | 31.63M | 29.78M |
| (-) Net Interest Income After Taxes | 599.89M | 560.33M | 574.67M | 448.67M | 182.72M | 156.95M | 178.30M | 225.14M | 297.80M | -132.45M | -94.95M | -93.92M | -86.32M | -89.45M | -76.77M | -67.34M | -66.74M | -53.97M | -31.34M | -39.90M | -46.22M | -50.77M | -41.51M | -35.33M | -26.07M | -33.57M | -34.03M | -19.11M | -15.51M | -15.28M | -8.00M | -6.12M | -5.57M | -4.12M | -3.45M | 0.00M | -3.50M | -2.61M |
| Net Debt Issuance | -73.80M | 573.17M | 537.46M | -324.66M | -220.95M | 711.78M | -52.81M | 541.51M | -82.25M | 404.69M | 280.94M | -18.22M | 5.76M | 225.24M | 179.00M | 245.62M | 12.88M | 252.05M | 2.24M | -184.04M | 104.43M | -13.23M | 86.82M | 115.27M | 102.17M | -196.84M | 241.69M | 19.71M | 0.00M | -21.60M | 7.90M | 6.10M | 2.20M | -23.50M | 9.10M | -20.10M | 42.70M | 4.50M |
| Levered Free Cash Flow | 5,894.61M | 5,851.96M | 6,164.41M | 4,012.45M | 675.54M | 4,357.88M | 1,638.46M | 3,259.21M | 1,623.54M | 1,501.96M | 2,037.85M | 2,323.73M | 1,621.71M | 1,656.61M | 1,391.33M | 919.54M | 927.96M | 1,429.84M | 383.01M | 241.78M | 323.40M | -219.97M | -231.49M | -294.08M | -166.92M | -226.95M | 297.13M | 102.59M | 97.60M | 187.85M | 308.10M | 183.19M | 148.04M | 126.79M | 117.22M | 165.21M | 77.83M | 36.89M |