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Definitive Analysis

Financial Statements

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Ticker

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Page: Company Financials

BKW AG

Ticker: 0QQ0.L | Industry: General Utilities | Sector: Utilities
$157.87 -0.03 (-0.02%)
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 2008
Stock Price 148.10 153.75 113.10 107.45 92.10 68.30 67.70 57.13 46.28 36.45 31.08 28.65 31.38 33.23 30.00 30.00 30.00
Market Capitalization 7,816.35M 8,115.30M 5,969.22M 5,669.80M 4,860.05M 3,603.20M 3,571.99M 3,008.16M 2,433.28M 1,908.72M 1,528.94M 1,375.90M 1,506.76M 1,569.94M 1,499.62M 1,560.75M 1,559.48M
(-) Cash & Equivalents 727.05M 830.70M 834.95M 806.90M 786.75M 741.50M 765.10M 834.40M 778.85M 687.90M 550.15M 465.90M 576.75M 518.05M 484.95M 229.90M 108.00M
(+) Total Debt 2,029.90M 2,028.85M 2,317.50M 1,716.55M 1,506.25M 1,593.50M 1,513.90M 1,600.80M 1,702.40M 1,675.05M 1,662.15M 1,486.70M 1,296.80M 1,241.75M 816.90M 286.85M 114.65M
Enterprise Value 9,119.20M 9,313.45M 7,451.77M 6,579.45M 5,579.55M 4,455.20M 4,320.79M 3,774.56M 3,356.83M 2,895.87M 2,640.94M 2,396.70M 2,226.81M 2,293.64M 1,831.57M 1,617.70M 1,566.13M

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
Revenue 8,838M 9,183M 4,549M 4,433M 5,065M 3,380M 2,936M 2,711M 2,600M 2,413M 2,366M 2,592M 2,782M 2,612M 2,743M 2,503M 2,678M 3,489M 3,392M
Cost of Revenue 5,050M 7,283M 2,144M 2,195M 3,884M 2,923M 2,410M 2,170M 1,286M 1,180M 1,236M 1,506M 1,741M 1,809M 1,760M 1,871M 1,709M 2,491M 2,463M
Gross Profit 3,788M 1,900M 2,405M 2,238M 1,180M 458M 526M 541M 1,315M 1,232M 1,130M 1,086M 1,041M 803M 983M 632M 968M 998M 928M
Gross Profit Margin 42.9% 20.7% 52.9% 50.5% 23.3% 13.5% 17.9% 19.9% 50.6% 51.1% 47.8% 41.9% 37.4% 30.8% 35.8% 25.2% 36.2% 28.6% 27.4%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 1,487M 507M 59M 55M 241M 197M 188M 181M 642M 617M 515M 456M 400M 383M 0M 0M 0M 0M 0M
Operating Expenses 2,476M 346M 1,620M 1,618M 266M 217M 209M 202M 962M 762M 644M 711M 577M 929M 728M 684M 635M 641M 589M
Operating Income (EBIT) 1,311M 1,554M 785M 620M 915M 240M 317M 339M 353M 470M 485M 375M 463M -126M 254M -52M 334M 357M 339M
Operating Income Margin 14.8% 16.9% 17.3% 14.0% 18.1% 7.1% 10.8% 12.5% 13.6% 19.5% 20.5% 14.5% 16.7% -4.8% 9.3% -2.1% 12.5% 10.2% 10.0%
Interest Income 10M 60M 10M 14M 6M 2M 3M 5M 8M 101M 102M 11M 11M 110M 9M 9M 12M 17M 35M
Interest Expense 84M 128M 58M 73M 49M 39M 40M 48M 53M 52M 55M 50M 56M 128M 117M 33M 77M 71M 65M
Net Interest Income -74M -68M -48M -59M -44M -38M -37M -43M -45M 49M 46M -39M -46M -19M -108M -24M -66M -54M -30M
Unusual Items -13M -215M 84M 31M -129M 177M 123M 146M -58M -150M -148M -61M -83M -91M 16M -91M 9M 82M -137M
EBT Excluding Unusual Items 1,238M 1,487M 737M 561M 871M 203M 280M 296M 307M 519M 532M 336M 418M -145M 146M -77M 268M 303M 309M
Pre-Tax Income 1,225M 1,272M 821M 593M 742M 380M 404M 442M 249M 369M 384M 275M 334M -236M 162M -167M 277M 385M 172M
Pre-Tax Margin 13.9% 13.8% 18.0% 13.4% 14.7% 11.2% 13.8% 16.3% 9.6% 15.3% 16.2% 10.6% 12.0% -9.0% 5.9% -6.7% 10.3% 11.0% 5.1%
Income Tax Expense 252M 317M 173M 104M 209M 93M 60M 74M 46M 94M 61M -9M 42M -19M 31M -95M 53M 87M 33M
Net Income 960M 985M 622M 478M 550M 305M 362M 391M 186M 251M 312M 277M 288M -217M 128M -68M 227M 298M 138M
Net Income Margin 10.9% 10.7% 13.7% 10.8% 10.9% 9.0% 12.3% 14.4% 7.2% 10.4% 13.2% 10.7% 10.4% -8.3% 4.7% -2.7% 8.5% 8.6% 4.1%
Depreciation & Amortization 697M 495M 288M 280M 271M 247M 243M 256M 207M 193M 198M 196M 212M 201M 233M 190M 141M 145M 132M
EBITDA 2,008M 2,049M 1,073M 900M 1,186M 487M 560M 594M 560M 663M 684M 571M 675M 75M 487M 138M 474M 502M 471M
EBITDA Margin 22.7% 22.3% 23.6% 20.3% 23.4% 14.4% 19.1% 21.9% 21.5% 27.5% 28.9% 22.0% 24.3% 2.9% 17.8% 5.5% 17.7% 14.4% 13.9%
NOPAT 1,042M 1,167M 619M 511M 657M 182M 270M 282M 287M 350M 408M 387M 405M -100M 205M -41M 270M 277M 274M
NOPAT Margin 11.8% 12.7% 13.6% 11.5% 13.0% 5.4% 9.2% 10.4% 11.1% 14.5% 17.2% 14.9% 14.5% -3.8% 7.5% -1.7% 10.1% 7.9% 8.1%
Owner's Earnings 796M 965M 458M 404M 563M 307M 384M 413M 165M 199M 256M 249M 277M -231M 140M -173M -5M -293M -438M
Owner's Earnings Margin 9.0% 10.5% 10.1% 9.1% 11.1% 9.1% 13.1% 15.2% 6.4% 8.3% 10.8% 9.6% 10.0% -8.9% 5.1% -6.9% -0.2% -8.4% -12.9%
EPS (Basic) 18.20 18.65 11.80 9.06 10.43 5.77 6.86 7.42 3.56 5.00 6.42 5.71 5.96 -4.51 2.70 -1.44 4.54 5.74 2.65
EPS (Diluted) 18.20 18.66 11.80 9.06 10.43 5.77 6.86 7.42 3.53 4.77 5.90 5.26 5.85 -4.51 2.67 -1.44 4.54 5.74 2.65
Shares (Basic) 53M 53M 53M 53M 53M 53M 53M 53M 52M 51M 53M 52M 48M 48M 48M 47M 50M 52M 52M
Shares (Diluted) 53M 53M 53M 53M 53M 53M 53M 53M 53M 53M 53M 53M 49M 48M 48M 47M 50M 52M 52M

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
Cash & Cash Equivalents 631.90M 867.30M 867.30M 771.50M 797.80M 931.00M 825.10M 683.50M 817.40M 825.50M 938.00M 834.20M 552.20M 496.80M 599.20M 524.40M 432.70M 459.80M 216.00M 671.90M
Short-Term Investments 164.20M 145.10M 145.10M 144.30M 39.90M 89.70M 188.80M 211.50M 277.50M 397.60M 309.50M 560.20M 711.80M 300.50M 234.00M 196.30M 558.30M 860.80M 826.60M 653.60M
Cash & Short-Term Investments 796.10M 1,012.40M 1,012.40M 915.80M 837.70M 1,020.70M 1,013.90M 895.00M 1,094.90M 1,223.10M 1,247.50M 1,394.40M 1,264.00M 797.30M 833.20M 720.70M 991.00M 1,320.60M 1,042.60M 1,325.50M
Net Receivables 1,237.30M 1,453.00M 1,453.00M 1,083.60M 1,819.60M 1,616.70M 954.80M 938.90M 925.10M 705.00M 1,105.90M 757.50M 855.80M 957.90M 654.90M 780.70M -41.20M 577.10M 615.30M 691.60M
Inventory 199.70M 347.70M 347.70M 210.50M 211.20M 93.00M 66.70M 55.90M 43.50M 60.40M 42.40M 86.70M 123.00M 133.50M 104.40M 39.90M 20.60M 20.70M 16.80M 15.40M
Other Current Assets 212.80M 305.60M 305.60M 542.40M 1,652.40M 2,211.80M 420.00M 351.40M 399.30M 384.10M 464.20M 278.00M 336.60M 445.50M 157.40M 721.80M 660.60M 670.10M 1,046.80M 767.80M
Total Current Assets 2,445.90M 3,118.70M 3,118.70M 2,752.30M 4,520.90M 4,942.20M 2,455.40M 2,241.20M 2,462.80M 2,372.60M 2,860.00M 2,516.60M 2,579.40M 2,334.20M 1,749.90M 2,263.10M 1,631.00M 2,588.50M 2,721.50M 2,800.30M
Property, Plant & Equipment 4,360.10M 4,288.30M 4,288.30M 4,035.10M 3,831.90M 3,523.30M 3,457.50M 3,419.90M 3,234.80M 3,221.40M 3,077.70M 2,846.30M 2,757.70M 2,785.50M 2,822.00M 2,833.00M 2,271.80M 2,025.10M 1,935.20M 1,857.70M
Goodwill 0.00M 1,107.30M 1,107.30M 1,084.50M 1,091.20M 874.10M 794.30M 769.70M 527.60M 423.10M 299.10M 201.90M 104.70M 92.80M 92.70M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 1,307.40M 192.10M 192.10M 206.90M 1,362.60M 1,096.50M 1,023.20M 1,013.70M 219.80M 197.40M 154.40M 117.70M 74.70M 71.90M 131.40M 780.70M -41.20M 577.10M 615.30M 691.60M
Long-Term Investments 2,497.50M 2,409.70M 2,409.70M 2,524.80M 2,712.70M 3,065.20M 2,715.90M 2,689.70M 2,760.90M 2,771.80M 2,568.30M 2,399.20M 2,403.50M 2,340.30M 1,763.60M 1,853.80M 1,667.00M 1,213.10M 881.90M 1,060.80M
Tax Assets 0.00M 64.50M 64.50M 56.40M 129.40M 102.30M 147.30M 159.30M 85.60M 113.00M 121.70M 112.50M 43.60M 42.50M 16.90M 8.60M 21.60M 27.80M 21.90M 22.20M
Other Non-Current Assets 200.10M 414.70M 414.70M 323.80M -1,055.00M -874.10M -794.30M -727.30M -85.60M -113.00M -121.70M -112.50M -43.60M -42.50M 591.20M 228.90M 574.00M 899.40M 870.30M 676.40M
Other Assets 0.00M 0.10M 0.10M 0.00M 0.00M 0.00M 0.00M 0.00M 67.40M 92.60M 81.50M 96.20M 213.90M 300.40M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 8,365.10M 8,476.70M 8,476.70M 8,231.50M 8,072.80M 7,787.30M 7,343.90M 7,325.00M 6,810.50M 6,706.30M 6,181.00M 5,661.30M 5,554.50M 5,590.90M 5,417.80M 5,705.00M 4,493.20M 4,742.50M 4,324.60M 4,308.70M
Total Assets 10,811.00M 11,595.40M 11,595.40M 10,983.80M 12,593.70M 12,729.50M 9,799.30M 9,566.20M 9,273.30M 9,078.90M 9,041.00M 8,177.90M 8,133.90M 7,925.10M 7,167.70M 7,968.10M 6,124.20M 7,331.00M 7,046.10M 7,109.00M
Accounts Payable 517.20M 468.70M 468.70M 389.00M 491.10M 535.00M 366.00M 334.50M 327.50M 418.30M 375.40M 249.90M 308.80M 375.20M 308.80M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt 494.80M 225.70M 225.70M 265.30M 214.40M 653.80M 89.20M 56.20M 408.40M 202.90M 74.10M 53.90M 65.90M 26.70M 24.30M 43.50M 1.60M 0.00M 0.00M 0.80M
Tax Payables 0.00M 214.60M 214.60M 197.10M 115.30M 51.50M 64.80M 75.60M 41.20M 49.90M 35.80M 26.30M 21.70M 13.40M 23.60M 29.00M 19.60M 64.70M 11.90M 31.00M
Deferred Revenue 0.00M 0.00M 0.00M 518.10M 456.00M 322.80M 226.80M 211.90M 209.10M 236.60M 127.20M -53.90M -65.90M -26.70M 377.50M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 543.40M 1,146.40M 1,146.40M 666.00M 1,674.80M 2,874.90M 644.40M 711.40M 629.50M 494.70M 366.00M 408.30M 301.50M 387.80M 419.50M 729.20M 651.60M 726.20M 794.00M 585.90M
Total Current Liabilities 1,555.40M 2,055.40M 2,055.40M 2,035.50M 2,951.60M 4,438.00M 1,391.20M 1,389.60M 1,615.70M 1,402.40M 978.50M 684.50M 632.00M 776.40M 1,153.70M 801.70M 672.80M 790.90M 805.90M 617.70M
Long-Term Debt 1,385.10M 1,384.80M 1,384.80M 1,379.70M 1,604.40M 1,013.90M 1,252.20M 1,295.60M 1,088.80M 1,256.10M 1,474.30M 1,509.90M 1,548.20M 1,478.50M 1,255.00M 1,213.40M 1,054.40M 573.70M 229.30M 225.10M
Capital Lease Obligations 0.00M 552.10M 552.10M 532.80M 157.40M 164.50M 153.20M 147.20M 25.50M 44.10M 49.30M 55.70M 83.30M 98.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 535.60M 562.70M 562.70M 0.00M 604.20M 549.20M 539.80M 580.70M 498.00M 526.30M 479.10M 432.70M 425.80M 470.40M 420.30M 494.10M 551.60M 553.40M 533.80M 541.20M
Other Non-Current Liabilities 1,570.40M 1,380.90M 1,380.90M 2,264.80M 2,611.90M 2,081.00M 2,788.70M 2,442.70M 2,919.70M 3,058.50M 2,033.20M 1,890.20M 1,838.00M 1,406.30M 198.70M 226.60M 228.90M 178.70M 118.40M 208.20M
Total Non-Current Liabilities 3,491.10M 3,880.50M 3,880.50M 4,177.30M 4,977.90M 3,808.60M 4,733.90M 4,466.20M 4,532.00M 4,885.00M 4,035.90M 3,888.50M 3,895.30M 3,453.40M 1,874.00M 1,934.10M 1,834.90M 1,305.80M 881.50M 974.50M
Total Liabilities 5,046.50M 5,935.90M 5,935.90M 6,212.80M 7,929.50M 8,246.60M 6,125.10M 5,855.80M 6,147.70M 6,287.40M 5,014.40M 4,573.00M 4,527.30M 4,229.80M 3,027.70M 2,735.80M 2,507.70M 2,096.70M 1,687.40M 1,592.20M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 240.30M 90.70M 360.70M 293.10M 116.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 132.00M 131.10M 132.00M 132.00M 132.00M 132.00M
Retained Earnings 5,111.30M 5,120.10M 5,120.10M 4,675.20M 4,401.90M 3,987.00M 3,810.10M 3,562.90M 3,270.60M 3,206.50M 3,114.40M 2,924.20M 2,728.30M 2,467.00M 2,759.80M 2,808.60M 3,084.00M 3,138.10M 2,975.10M 3,023.30M
Accumulated OCI -80.10M -34.70M -34.70M 0.00M -464.90M -197.60M -242.70M -231.50M -240.30M -90.70M -360.70M -293.10M -116.10M 43.20M -3,416.30M -3,195.30M -3,347.70M -3,280.60M -3,260.00M -3,211.90M
Minority Interest 436.50M 448.00M 448.00M 431.80M 312.70M 308.40M 293.70M 273.30M 273.50M 264.00M 258.50M 99.50M 91.90M 42.70M 37.40M 43.90M 26.10M 23.50M 24.10M 24.80M
Total Shareholders’ Equity 5,163.20M 5,217.40M 5,217.40M 4,807.20M 4,069.00M 3,921.40M 3,699.40M 3,463.40M 3,402.60M 3,338.50M 3,246.40M 3,056.20M 2,860.30M 2,642.20M -524.50M -255.60M -131.70M -10.50M -152.90M -56.60M
Total Equity 5,599.70M 5,665.40M 5,665.40M 5,239.00M 4,381.70M 4,229.80M 3,993.10M 3,736.70M 3,676.10M 3,602.50M 3,504.90M 3,155.70M 2,952.20M 2,684.90M -487.10M -211.70M -105.60M 13.00M -128.80M -31.80M
Total Liabilities & Equity 10,646.20M 11,601.30M 11,601.30M 11,451.80M 12,311.20M 12,476.40M 10,118.20M 9,592.50M 9,823.80M 9,889.90M 8,519.30M 7,728.70M 7,479.50M 6,914.70M 2,540.60M 2,524.10M 2,402.10M 2,109.70M 1,558.60M 1,560.40M
Tangible Assets 9,503.60M 10,296.00M 10,296.00M 9,692.40M 10,139.90M 10,758.90M 7,981.80M 7,782.80M 8,525.90M 8,458.40M 8,587.50M 7,858.30M 7,954.50M 7,760.40M 6,943.60M 7,187.40M 6,165.40M 6,753.90M 6,430.80M 6,417.40M
Tangible Equity 4,292.30M 4,366.00M 4,366.00M 3,947.60M 1,927.90M 2,259.20M 2,175.60M 1,953.30M 2,928.70M 2,982.00M 3,051.40M 2,836.10M 2,772.80M 2,520.20M -711.20M -992.40M -64.40M -564.10M -744.10M -723.40M
Tangible Book Value 4,292.30M 4,366.00M 4,366.00M 3,947.60M 1,927.90M 2,259.20M 2,175.60M 1,953.30M 2,928.70M 2,982.00M 3,051.40M 2,836.10M 2,772.80M 2,520.20M -711.20M -992.40M -64.40M -564.10M -744.10M -723.40M
Total Investments 2,661.70M 2,554.80M 2,554.80M 2,669.10M 2,752.60M 3,154.90M 2,904.70M 2,901.20M 3,038.40M 3,169.40M 2,877.80M 2,959.40M 3,115.30M 2,640.80M 1,997.60M 2,050.10M 2,225.30M 2,073.90M 1,708.50M 1,714.40M
Net Debt 1,248.00M 743.20M 743.20M 873.50M 1,021.00M 736.70M 516.30M 668.30M 679.80M 633.50M 610.40M 729.60M 1,061.90M 1,008.40M 680.10M 732.50M 623.30M 113.90M 13.30M -446.00M

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
Working Capital 714.2M 1,014.2M 1,014.2M 617.3M 680.5M 247.6M 839.6M 751.4M 695.8M 1,058.7M 1,311.3M 1,447.7M 1,549.4M 1,171.1M 1,144.4M 1,111.5M 1,139.3M 1,386.9M 1,349.9M 1,491.0M
Total Capital 7,031.6M 7,374.1M 7,374.1M 6,469.3M 6,058.5M 5,812.8M 5,184.7M 4,963.3M 4,764.1M 4,674.5M 4,288.5M 4,162.6M 4,167.3M 3,913.0M 3,815.2M 3,867.9M 3,934.6M 3,794.5M 3,275.0M 3,306.0M
Capital Employed 9,079.3M 9,490.9M 9,490.9M 8,848.8M 8,753.3M 8,034.9M 8,183.5M 8,076.4M 7,506.3M 7,765.0M 7,492.3M 7,109.0M 7,103.9M 6,762.0M 6,562.2M 6,281.2M 5,867.5M 5,728.1M 5,233.0M 5,250.6M
Invested Capital 6,399.7M 6,506.8M 6,506.8M 5,697.8M 5,260.7M 4,881.8M 4,359.6M 4,279.8M 3,946.7M 3,849.0M 3,350.5M 3,328.4M 3,615.1M 3,416.2M 3,216.0M 3,343.5M 3,501.9M 3,334.7M 3,059.0M 2,634.1M

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
Net Income 960.30M 984.60M 820.90M 592.50M 550.20M 304.60M 361.70M 391.20M 186.40M 251.30M 311.60M 276.70M 288.20M -216.70M 161.70M -161.30M 283.20M 385.10M 171.60M
Depreciation & Amortization 720.60M 495.10M 288.30M 279.90M 271.30M 247.20M 243.00M 255.70M 207.10M 193.00M 198.40M 195.70M 211.50M 200.60M 233.00M 190.40M 140.90M 144.70M 132.40M
Deferred Income Tax -501.50M -463.10M 0.00M 0.00M -549.30M -501.60M -491.60M -516.70M -54.30M -83.20M 90.10M -208.00M -26.70M -75.80M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 11.10M 13.90M 0.00M 11.10M 6.70M 7.20M 5.60M 5.30M 4.70M 2.90M 2.80M 2.90M 1.70M 0.70M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -125.50M -253.30M -43.20M 118.20M -154.40M -285.90M -22.30M -67.20M 49.60M 80.30M -92.90M 205.10M 25.00M 75.10M -81.10M -73.50M -98.70M 178.30M -123.80M
Accounts Receivable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -125.50M -253.30M -43.20M 118.20M -154.40M -285.90M -22.30M -67.20M 49.60M 80.30M -92.90M 205.10M 66.90M -19.60M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items 45.80M 881.10M -326.60M -298.00M 600.10M 231.70M 421.80M 380.90M -20.10M -34.10M -61.80M -104.60M 11.70M 251.10M 7.90M 336.80M -50.60M -105.40M 62.30M
Net Cash from Operating Activities 1,110.80M 1,117.30M 739.40M 703.70M 724.60M 3.20M 518.20M 449.20M 373.40M 493.40M 358.10M 575.80M 538.10M 310.80M 321.50M 292.40M 274.80M 602.70M 242.50M
Capital Expenditures (PPE) -873.10M -514.70M -431.40M -332.70M -258.40M -244.40M -220.60M -234.40M -228.20M -244.90M -254.50M -223.60M -222.60M -215.10M -221.70M -295.30M -372.40M -736.20M -708.40M
Acquisitions (Net) 0.90M 203.50M -8.20M -148.00M -1.40M 0.60M 0.50M -237.50M -96.60M -107.40M -154.50M -76.40M -44.40M -193.20M -56.00M -162.10M -63.30M -10.80M -1.30M
Purchases of Investments -207.00M -755.50M -18.20M -111.60M -469.80M -278.00M -90.50M -22.20M -137.70M -187.40M -461.50M -93.50M -458.20M -174.00M -111.30M -119.70M -338.70M 0.00M 0.00M
Sales / Maturities of Investments 121.60M 330.90M 31.00M 63.00M 167.70M 247.00M 38.70M 195.00M 206.90M 93.90M 621.60M 221.30M 64.00M 22.50M 40.20M 423.80M 367.50M 84.00M 76.20M
Other Investing Activities 175.50M 65.80M 125.60M 81.60M 39.20M 17.20M 57.20M 16.20M 0.40M 5.40M -10.70M 5.00M 69.00M 27.70M 59.10M 64.30M 66.50M 66.90M 70.60M
Net Cash from Investing Activities -782.10M -670.00M -301.20M -447.70M -522.70M -257.60M -214.70M -282.90M -255.20M -440.40M -259.60M -167.20M -592.20M -532.10M -289.70M -89.00M -340.40M -596.10M -562.90M
Net Debt Issuance -178.70M 150.40M -87.60M 0.00M -184.70M 493.40M -47.60M -212.10M 17.50M -35.40M -10.20M -19.90M 165.60M 199.60M 112.00M 0.20M 507.40M 343.10M 3.20M
Long-Term Debt Issuance -127.20M 150.40M -87.60M 0.00M -184.70M 18.60M -47.60M -212.10M 17.50M -35.40M 10.70M 19.40M 12.50M 29.20M 32.20M 3.30M 475.10M 362.70M 4.00M
Short-Term Debt Issuance -51.50M 0.00M 0.00M 0.00M 0.00M 493.40M 0.00M 0.00M 17.50M 0.00M -20.90M -39.30M 153.10M 170.40M 79.80M 35.60M 32.30M -0.60M -0.80M
Net Stock Issuance -25.30M -20.10M -12.80M -12.00M -5.10M -8.80M -8.00M -1.90M -6.60M -5.10M -2.50M 0.00M 1.60M 16.00M 0.80M 4.60M -298.90M 5.20M 6.80M
Common Stock Issuance 28.20M 978.80M 28.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.80M 4.60M 0.00M 5.20M 6.80M
Common Stock Repurchased -53.50M -20.30M -41.00M -12.00M -5.10M -8.80M -8.00M -1.90M -6.60M -5.10M -2.50M 0.00M 0.00M 0.00M 0.00M 0.00M -298.90M 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
Net Dividends Paid -588.40M -351.00M -196.40M -213.80M -137.20M -126.60M -116.00M -95.00M -102.90M -87.20M -79.10M -78.50M -60.90M -58.50M -48.30M -119.90M -131.30M -120.40M -140.90M
Common Dividends Paid -588.40M -351.00M -196.40M -213.80M -137.20M -126.60M -116.00M -95.00M -102.90M -87.20M -79.10M -78.50M -60.90M -58.50M -48.30M -119.90M -131.30M -120.40M -140.90M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1.30M 0.00M 2.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 223.40M -14.50M -45.80M -196.00M 8.30M 13.40M -25.40M 14.60M -29.90M -41.70M 97.40M -22.20M 0.40M -38.40M -23.50M 4.90M -18.80M 19.00M 17.50M
Net Cash from Financing Activities -569.00M -206.20M -342.60M -421.80M -318.70M 371.40M -159.30M -294.40M -121.90M -169.40M 5.60M -120.60M 109.60M 118.70M 41.00M -110.20M 59.00M 239.70M -121.30M
Effect of FX on Cash -29.10M -34.00M 5.10M -21.40M -16.40M -11.10M -2.60M -5.80M -4.40M 3.90M -0.30M -6.00M -0.10M 0.20M -0.40M -1.50M -20.50M -2.50M -14.20M
Net Change in Cash -258.00M 207.10M 100.70M -26.30M -133.20M 105.90M 141.60M -133.90M -8.10M -112.50M 103.80M 282.00M 55.40M -102.40M 72.40M 91.70M -27.10M 243.80M -455.90M
Cash at Beginning of Period 3,115.50M 3,283.70M 771.50M 797.80M 931.00M 825.10M 683.50M 817.40M 825.50M 938.00M 834.20M 552.20M 496.80M 599.20M 526.80M 432.70M 459.80M 216.00M 671.90M
Cash at End of Period 2,857.50M 3,490.80M 872.20M 771.50M 797.80M 931.00M 825.10M 683.50M 817.40M 825.50M 938.00M 834.20M 552.20M 496.80M 599.20M 524.40M 432.70M 459.80M 216.00M
Operating Cash Flow 1,088.40M 1,117.30M 739.40M 703.70M 724.60M 3.20M 518.20M 449.20M 373.40M 493.40M 358.10M 575.80M 538.10M 310.80M 321.50M 292.40M 274.80M 602.70M 242.50M
Capital Expenditure -861.10M -514.70M -452.60M -354.00M -258.40M -244.40M -220.60M -234.40M -228.20M -244.90M -254.50M -223.60M -222.60M -215.10M -221.70M -295.30M -372.40M -736.20M -708.40M
Free Cash Flow 227.30M 602.60M 286.80M 349.70M 466.20M -241.20M 297.60M 214.80M 145.20M 248.50M 103.60M 352.20M 315.50M 95.70M 99.80M -2.90M -97.60M -133.50M -465.90M

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
EBITDA 2,997.40M 1,887.80M 2,633.60M 2,462.70M 1,210.20M 507.80M 580.40M 615.40M 880.00M 808.40M 813.60M 826.10M 852.30M 621.50M 1,215.70M 822.40M 1,109.30M 1,142.30M 1,060.50M
(-) Tax Adjustment 615.88M 470.47M 556.30M 432.69M 341.00M 123.97M 86.69M 102.94M 162.28M 206.75M 129.74M 0.00M 107.65M 50.34M 234.57M 287.84M 212.25M 256.88M 203.32M
(-) Change In Working Capital -125.50M -253.30M -43.20M 118.20M -154.40M -285.90M -22.30M -67.20M 49.60M 80.30M -92.90M 205.10M 25.00M 75.10M -81.10M -73.50M -98.70M 178.30M -123.80M
(-) Capital Expenditure -861.10M -514.70M -452.60M -354.00M -258.40M -244.40M -220.60M -234.40M -228.20M -244.90M -254.50M -223.60M -222.60M -215.10M -221.70M -295.30M -372.40M -736.20M -708.40M
Unlevered Free Cash Flow 1,645.92M 1,155.93M 1,667.90M 1,557.81M 765.20M 425.33M 295.41M 345.26M 439.92M 276.45M 522.26M 397.40M 497.05M 280.96M 840.53M 312.76M 623.35M -29.08M 272.58M
(-) Net Interest Income After Taxes -58.48M -50.68M -37.94M -48.63M -31.31M -28.34M -31.13M -35.64M -36.95M 36.32M 38.83M -39.10M -40.02M -17.09M -87.32M -15.80M -52.97M -41.93M -24.41M
Net Debt Issuance -178.70M 150.40M -87.60M 0.00M -184.70M 493.40M -47.60M -212.10M 17.50M -35.40M -10.20M -19.90M 165.60M 199.60M 112.00M 0.20M 507.40M 343.10M 3.20M
Levered Free Cash Flow 1,525.70M 1,357.01M 1,618.24M 1,606.45M 611.82M 947.07M 278.94M 168.80M 494.36M 204.73M 473.23M 416.60M 702.66M 497.65M 1,039.85M 328.76M 1,183.72M 355.96M 300.19M