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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

STUDIO ALICE Co.,Ltd.

Ticker: 2305.T | Industry: Personal Products & Services | Sector: Consumer Cyclical
$1,999.00 -6.00 (-0.30%)
As of: 2026-01-27

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Stock Price 2,049.67 2,046.25 2,092.50 2,189.25 2,139.00 1,651.00 2,059.50 2,532.00 2,537.75 2,311.75 2,208.75 1,458.00 1,353.25 1,314.25 1,198.75 783.75 786.50
Market Capitalization 34,811.19M 34,754.17M 35,538.40M 37,181.07M 36,327.15M 28,040.58M 34,978.55M 43,003.49M 43,100.37M 39,262.50M 37,513.41M 24,783.44M 23,160.61M 22,577.50M 20,593.33M 13,464.12M 13,511.80M
(-) Cash & Equivalents 17,873.89M 17,923.15M 16,975.47M 17,718.71M 15,154.37M 15,034.79M 10,648.28M 10,707.61M 8,234.28M 6,437.84M 5,643.94M 5,197.68M 5,944.00M 6,551.53M 6,024.24M 4,479.07M 3,254.48M
(+) Total Debt 1,815.36M 1,667.65M 1,847.67M 2,034.61M 1,905.18M 5,958.74M 1,258.31M 966.67M 875.00M 1,378.91M 2,404.83M 2,645.82M 2,741.91M 3,088.53M 3,589.44M 5,004.61M 4,657.92M
Enterprise Value 18,752.66M 18,498.67M 20,410.60M 21,496.96M 23,077.96M 18,964.54M 25,588.58M 33,262.54M 35,741.08M 34,203.57M 34,274.30M 22,231.58M 19,958.52M 19,114.50M 18,158.52M 13,989.66M 14,915.24M

Income Statement

Metric TTM TTM-1 2025-02-28 2024-02-29 2023-02-28 2022-02-28 2021-02-28 2020-02-29 2019-02-28 2018-02-28 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 34,607M 36,194M 35,598M 36,396M 38,564M 40,672M 36,353M 38,879M 39,644M 43,057M 38,719M 38,142M 37,061M 35,367M 33,794M 34,108M 32,840M 30,811M 31,427M
Cost of Revenue 26,482M 27,887M 27,254M 28,062M 28,364M 28,055M 25,642M 28,427M 28,361M 31,021M 27,028M 26,187M 26,117M 25,142M 22,925M 22,197M 21,560M 21,187M 21,504M
Gross Profit 8,125M 8,308M 8,344M 8,334M 10,201M 12,618M 10,710M 10,452M 11,282M 12,036M 11,691M 11,955M 10,944M 10,224M 10,869M 11,911M 11,280M 9,624M 9,923M
Gross Profit Margin 23.5% 23.0% 23.4% 22.9% 26.5% 31.0% 29.5% 26.9% 28.5% 28.0% 30.2% 31.3% 29.5% 28.9% 32.2% 34.9% 34.3% 31.2% 31.6%
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 5,033M 5,780M 5,322M 5,935M 6,091M 6,482M 5,830M 7,063M 7,031M 6,871M 6,145M 6,567M 6,948M 7,045M 0M 0M 0M 0M 0M
Operating Expenses 5,034M 5,780M 5,342M 6,051M 6,183M 6,602M 5,979M 7,206M 7,176M 8,186M 6,239M 6,618M 7,016M 7,131M 6,437M 6,013M 6,496M 6,674M 6,768M
Operating Income (EBIT) 3,090M 2,528M 3,002M 2,283M 4,018M 6,015M 4,731M 3,245M 4,107M 3,850M 5,452M 5,337M 3,929M 3,093M 4,432M 5,898M 4,784M 2,950M 3,155M
Operating Income Margin 8.9% 7.0% 8.4% 6.3% 10.4% 14.8% 13.0% 8.3% 10.4% 8.9% 14.1% 14.0% 10.6% 8.7% 13.1% 17.3% 14.6% 9.6% 10.0%
Interest Income 15M 0M 1M 1M 1M 1M 2M 2M 2M 2M 3M 3M 3M 3M 4M 3M 4M 4M 5M
Interest Expense 19M 21M 21M 22M 24M 23M 29M 16M 14M 9M 7M 15M 21M 23M 34M 40M 60M 61M 67M
Net Interest Income -4M -21M -20M -21M -23M -22M -27M -14M -12M -6M -4M -13M -17M -20M -30M -37M -56M -56M -62M
Unusual Items -544M -500M -693M -348M -455M -324M -819M -1,098M -677M -745M -297M -461M -595M -393M -517M -858M -1,927M -343M -449M
EBT Excluding Unusual Items 3,086M 2,507M 2,981M 2,262M 3,995M 5,994M 4,704M 3,232M 4,094M 3,844M 5,448M 5,324M 3,911M 3,074M 4,402M 5,861M 4,729M 2,894M 3,093M
Pre-Tax Income 2,542M 2,007M 2,289M 1,914M 3,540M 5,669M 3,885M 2,134M 3,417M 3,099M 5,151M 4,863M 3,317M 2,681M 3,884M 5,003M 2,802M 2,551M 2,644M
Pre-Tax Margin 7.3% 5.5% 6.4% 5.3% 9.2% 13.9% 10.7% 5.5% 8.6% 7.2% 13.3% 12.8% 8.9% 7.6% 11.5% 14.7% 8.5% 8.3% 8.4%
Income Tax Expense 930M 807M 912M 754M 1,267M 1,991M 1,393M 849M 1,304M 1,270M 2,013M 2,042M 1,458M 1,322M 2,090M 2,202M 1,568M 1,182M 1,153M
Net Income 1,584M 1,206M 1,365M 1,157M 2,258M 3,614M 2,434M 1,210M 2,037M 1,706M 3,015M 2,709M 1,750M 1,237M 1,720M 2,681M 1,206M 1,323M 1,402M
Net Income Margin 4.6% 3.3% 3.8% 3.2% 5.9% 8.9% 6.7% 3.1% 5.1% 4.0% 7.8% 7.1% 4.7% 3.5% 5.1% 7.9% 3.7% 4.3% 4.5%
Depreciation & Amortization 3,551M 4,064M 3,753M 4,249M 3,963M 3,593M 3,350M 3,353M 3,234M 3,004M 3,310M 3,131M 2,993M 2,873M 2,614M 2,575M 2,502M 1,924M 1,702M
EBITDA 6,641M 6,592M 6,755M 6,532M 7,980M 9,608M 8,081M 6,598M 7,341M 6,855M 8,763M 8,467M 6,921M 5,967M 7,046M 8,473M 7,286M 4,874M 4,857M
EBITDA Margin 19.2% 18.2% 19.0% 17.9% 20.7% 23.6% 22.2% 17.0% 18.5% 15.9% 22.6% 22.2% 18.7% 16.9% 20.8% 24.8% 22.2% 15.8% 15.5%
NOPAT 1,959M 1,512M 1,805M 1,384M 2,579M 3,903M 3,035M 1,954M 2,539M 2,272M 3,321M 3,096M 2,202M 1,568M 2,047M 3,302M 2,106M 1,584M 1,779M
NOPAT Margin 5.7% 4.2% 5.1% 3.8% 6.7% 9.6% 8.4% 5.0% 6.4% 5.3% 8.6% 8.1% 5.9% 4.4% 6.1% 9.7% 6.4% 5.1% 5.7%
Owner's Earnings 5,135M 5,270M 3,437M 1,905M 2,026M 2,498M 2,132M 643M 1,239M 389M 2,628M 1,063M 252M -208M -754M 2,515M 1,127M 526M 1,227M
Owner's Earnings Margin 14.8% 14.6% 9.7% 5.2% 5.3% 6.1% 5.9% 1.7% 3.1% 0.9% 6.8% 2.8% 0.7% -0.6% -2.2% 7.4% 3.4% 1.7% 3.9%
EPS (Basic) 93.25 71.00 80.38 68.15 132.93 212.79 143.31 71.22 119.93 100.42 177.54 159.51 102.96 72.02 100.13 156.03 70.20 77.00 81.62
EPS (Diluted) 93.25 71.00 80.38 68.15 132.93 212.79 143.31 71.22 119.93 100.42 177.54 159.51 102.96 72.02 100.13 156.03 70.20 77.00 81.62
Shares (Basic) 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M
Shares (Diluted) 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M

Balance Sheet

Metric MRQ MRQ-1 2025-02-28 2024-02-29 2023-02-28 2022-02-28 2021-02-28 2020-02-29 2019-02-28 2018-02-28 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
Cash & Cash Equivalents 16,485.91M 17,618.52M 19,517.25M 18,382.00M 17,912.28M 19,165.76M 13,641.83M 11,072.65M 12,426.64M 8,900.19M 8,702.05M 6,818.13M 7,011.44M 6,616.31M 7,688.09M 8,897.71M 6,907.34M 4,441.69M 3,250.69M
Short-Term Investments 460.53M 0.00M 0.00M 0.19M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 16,946.44M 17,618.52M 19,517.25M 18,382.19M 17,912.28M 19,165.76M 13,641.83M 11,072.65M 12,426.64M 8,900.19M 8,702.05M 6,818.13M 7,011.44M 6,616.31M 7,688.09M 8,897.71M 6,907.34M 4,441.69M 3,250.69M
Net Receivables 1,029.96M 1,137.43M 914.85M 970.67M 1,047.48M 833.08M 812.48M 808.57M 726.62M 634.60M 920.43M 789.10M 783.88M 740.83M 738.50M 723.64M 1,022.99M 1,006.17M 1,083.82M
Inventory 1,930.55M 1,752.49M 1,840.58M 2,024.05M 2,081.00M 1,607.33M 2,312.11M 1,803.78M 1,658.87M 1,678.99M 1,359.38M 1,318.87M 1,319.34M 1,102.31M 979.92M 789.76M 743.50M 1,172.12M 1,263.08M
Other Current Assets 1,295.14M 1,395.59M 1,042.99M 1,402.11M 1,672.33M 1,312.76M 1,403.43M 1,523.51M 1,396.41M 1,752.25M 2,209.61M 1,914.53M 1,703.13M 2,080.96M 1,796.18M 1,515.18M 1,830.79M 1,349.80M 1,300.19M
Total Current Assets 21,202.09M 21,904.03M 23,315.67M 22,779.02M 22,713.10M 22,918.93M 18,169.86M 15,208.52M 16,208.53M 12,966.03M 13,191.47M 10,840.62M 10,817.78M 10,540.42M 11,202.69M 11,926.28M 10,504.62M 7,969.78M 6,897.78M
Property, Plant & Equipment 10,040.49M 10,133.71M 10,582.67M 12,335.66M 16,813.49M 13,335.33M 12,356.77M 12,679.61M 12,621.64M 12,106.38M 11,820.34M 11,905.44M 10,453.70M 9,598.63M 8,757.76M 6,346.70M 6,537.40M 6,312.70M 5,737.36M
Goodwill 0.00M 0.00M 0.51M 0.83M 1.48M 2.60M 1.93M 2.73M 3.53M 8.02M 19.29M 28.93M 38.58M 38.11M 53.34M 68.58M 92.55M 525.71M 610.49M
Intangible Assets 915.20M 926.47M 983.73M 1,078.79M 1,046.51M 995.02M 971.77M 989.14M 1,303.76M 1,144.60M 1,261.89M 1,119.02M 1,074.71M 922.85M 686.80M 472.13M 510.00M 478.45M 398.94M
Long-Term Investments 0.00M 6,700.00M 1,779.67M 1,864.55M 1,254.55M 1,455.96M 1,226.65M 4,607.91M 3,685.90M 3,620.34M 288.15M 296.82M 304.02M 288.16M 272.53M 242.53M 257.42M 342.32M 232.25M
Tax Assets 0.00M 0.00M 1,031.89M 1,113.38M 1,369.60M 1,249.29M 1,269.47M 1,301.00M 931.76M 895.28M 784.38M 799.68M 863.57M 833.94M 1,034.80M 1,223.50M 983.12M 792.53M 592.46M
Other Non-Current Assets 6,560.63M 0.18M 3,529.65M 3,632.73M 27.11M 3,213.37M 3,298.88M -197.70M -203.99M -202.65M 3,119.41M 3,096.79M 2,962.96M 2,894.26M 2,773.33M 2,700.85M 2,775.35M 2,727.55M 2,793.52M
Other Assets 0.00M 0.00M 0.00M -458.00M 0.00M 0.00M 0.00M 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 17,516.32M 17,760.36M 17,908.11M 19,567.92M 20,512.74M 20,251.56M 19,125.48M 19,382.69M 18,342.61M 17,571.97M 17,293.45M 17,246.68M 15,697.54M 14,575.95M 13,578.55M 11,054.28M 11,155.82M 11,179.25M 10,365.03M
Total Assets 38,718.40M 39,664.38M 41,223.78M 42,346.94M 43,225.83M 43,170.49M 37,295.33M 34,591.20M 34,551.14M 30,538.00M 30,484.92M 28,087.30M 26,515.32M 25,116.37M 24,781.24M 22,980.56M 21,660.45M 19,149.03M 17,262.81M
Accounts Payable 247.96M 256.56M 236.32M 261.63M 315.41M 300.46M 285.91M 240.23M 226.26M 248.76M 300.11M 255.85M 319.12M 380.04M 312.96M 323.78M 435.56M 473.06M 504.40M
Short-Term Debt 1,000.00M 600.00M 0.00M 0.00M 0.00M 2,076.18M 1,365.98M 0.00M 0.00M 0.00M 0.00M 0.00M 820.00M 1,345.00M 1,806.67M 1,423.33M 1,813.60M 2,063.60M 2,095.00M
Tax Payables 0.00M 0.00M 0.00M 214.40M 501.72M 1,484.34M 1,035.93M 581.17M 1,180.23M 52.28M 1,130.05M 1,281.89M 1,140.74M 597.81M 907.13M 1,195.59M 1,433.84M 920.59M 759.89M
Deferred Revenue 0.00M 0.00M 0.00M 684.68M 0.00M 0.00M 2,289.29M 1,951.86M 1,180.23M 1,254.42M 2,591.76M 2,706.84M 2,521.99M 1,975.70M 2,147.59M 2,553.72M 3,111.77M 2,012.64M 1,730.07M
Other Current Liabilities 4,441.25M 5,354.48M 3,278.75M 2,596.09M 3,630.09M 1,959.56M 15.67M 1,744.55M 3,773.67M 2,751.23M 3,186.61M 3,197.69M 3,242.83M 2,880.05M 2,543.56M 2,593.98M 3,185.56M 2,297.59M 2,387.40M
Total Current Liabilities 5,689.21M 6,211.04M 3,515.07M 3,756.80M 4,447.21M 5,820.54M 4,992.77M 4,517.80M 6,360.39M 4,306.70M 7,208.53M 7,442.28M 8,044.69M 7,178.60M 7,717.91M 8,090.40M 9,980.32M 7,767.47M 7,476.76M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 20.00M 215.00M 36.67M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 2,521.15M 4,070.61M 4,690.67M 4,488.45M 2,670.72M 2,284.98M 2,283.25M 1,832.32M 1,415.62M 1,369.31M 1,473.30M 1,459.30M 1,397.44M 1,335.81M 1,651.07M 1,069.47M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 467.89M 458.00M 311.31M 296.16M 236.02M 215.81M 250.12M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 21.65M
Other Non-Current Liabilities 3,208.25M 3,232.90M 3,351.32M 3,366.83M 3,364.08M 3,087.42M 2,947.64M 2,856.24M 2,841.60M 2,435.78M 2,276.98M 2,147.49M 1,668.07M 1,509.86M 1,402.38M 930.16M 439.77M 383.28M 455.54M
Total Non-Current Liabilities 3,208.25M 3,232.90M 6,340.36M 7,895.44M 8,366.07M 7,872.03M 5,854.38M 5,357.02M 5,374.98M 4,268.10M 3,692.60M 3,516.79M 3,141.36M 2,989.17M 3,014.82M 2,302.64M 2,090.84M 1,452.75M 477.19M
Total Liabilities 8,897.47M 9,443.94M 9,855.44M 11,652.23M 12,813.28M 13,692.57M 10,847.15M 9,874.83M 11,735.37M 8,574.79M 10,901.13M 10,959.07M 11,186.05M 10,167.76M 10,732.73M 10,393.05M 12,071.16M 9,220.22M 7,953.95M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M 1,885.95M
Retained Earnings 24,156.06M 24,692.78M 25,384.42M 25,208.18M 25,239.61M 24,215.84M 21,451.01M 19,866.20M 19,505.79M 18,318.17M 17,455.69M 15,204.67M 13,313.04M 12,335.73M 11,871.59M 10,924.54M 8,631.84M 7,855.32M 6,962.04M
Accumulated OCI 917.30M 813.50M 729.59M 799.00M 339.36M 420.95M 202.52M 74.47M 100.55M 110.01M 104.52M 137.57M 157.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 1,294.75M 1,284.00M 1,281.46M 1,266.57M 1,202.26M 1,143.94M 1,068.88M 992.49M 869.46M 747.22M 635.58M 527.17M 405.40M 380.64M 227.29M 206.24M 189.92M
Total Shareholders’ Equity 26,959.31M 27,392.23M 27,999.95M 27,893.13M 27,464.93M 26,522.74M 23,539.48M 21,826.61M 21,492.28M 20,314.12M 19,446.16M 17,228.19M 15,355.99M 14,221.68M 13,757.54M 12,810.49M 10,517.79M 9,741.27M 8,847.99M
Total Equity 26,959.31M 27,392.23M 29,294.70M 29,177.13M 28,746.38M 27,789.31M 24,741.74M 22,970.56M 22,561.16M 21,306.61M 20,315.62M 17,975.41M 15,991.57M 14,748.85M 14,162.94M 13,191.13M 10,745.08M 9,947.51M 9,037.91M
Total Liabilities & Equity 35,856.77M 36,836.18M 39,150.14M 40,829.37M 41,559.66M 41,481.87M 35,588.89M 32,845.38M 34,296.53M 29,881.41M 31,216.75M 28,934.48M 27,177.62M 24,916.61M 24,895.67M 23,584.18M 22,816.25M 19,167.73M 16,991.86M
Tangible Assets 37,803.21M 38,737.91M 40,239.54M 41,267.33M 42,177.85M 42,172.87M 36,321.63M 33,599.33M 33,243.85M 29,385.38M 29,203.75M 26,939.35M 25,402.03M 24,155.41M 24,041.10M 22,439.85M 21,057.90M 18,144.87M 16,253.37M
Tangible Equity 26,044.11M 26,465.76M 28,310.47M 28,097.52M 27,698.40M 26,791.69M 23,768.04M 21,978.68M 21,253.87M 20,153.99M 19,034.45M 16,827.45M 14,878.27M 13,787.89M 13,422.80M 12,650.42M 10,142.54M 8,943.35M 8,028.48M
Tangible Book Value 26,044.11M 26,465.76M 28,310.47M 28,097.52M 27,698.40M 26,791.69M 23,768.04M 21,978.68M 21,253.87M 20,153.99M 19,034.45M 16,827.45M 14,878.27M 13,787.89M 13,422.80M 12,650.42M 10,142.54M 8,943.35M 8,028.48M
Total Investments 460.53M 6,700.00M 1,779.67M 2,325.07M 1,254.55M 1,455.96M 1,226.65M 4,607.91M 3,685.90M 3,620.34M 288.15M 296.82M 304.02M 288.16M 272.53M 242.53M 257.42M 342.32M 232.25M
Net Debt -15,485.91M -17,018.52M -19,517.25M -18,382.00M -17,912.28M -17,089.59M -12,275.85M -11,072.65M -12,426.64M -8,900.19M -8,702.05M -6,818.13M -6,191.44M -5,251.31M -5,666.42M -7,437.71M -5,093.74M -2,378.09M -1,155.69M

Capital Metrics

Metric MRQ MRQ-1 2025-02-28 2024-02-29 2023-02-28 2022-02-28 2021-02-28 2020-02-29 2019-02-28 2018-02-28 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
Working Capital 14,986.6M 15,430.0M 17,461.7M 16,576.5M 15,715.7M 14,816.4M 11,647.7M 9,280.9M 9,970.6M 8,907.6M 7,767.3M 5,014.9M 4,121.9M 4,258.9M 4,627.2M 5,397.8M 2,497.6M 1,495.4M 1,143.5M
Total Capital 30,294.6M 30,557.4M 32,299.7M 33,742.6M 33,934.5M 32,790.2M 27,989.2M 25,890.9M 25,554.8M 23,925.9M 22,641.5M 20,377.4M 19,429.5M 19,210.2M 19,195.7M 17,553.4M 15,929.1M 14,868.3M 12,936.5M
Capital Employed 32,502.9M 33,190.3M 35,369.8M 36,144.4M 36,228.4M 35,068.0M 30,773.2M 28,663.6M 28,313.2M 26,479.6M 25,060.8M 22,261.6M 19,819.4M 18,834.9M 18,205.8M 16,452.1M 13,653.4M 12,674.7M 11,508.6M
Invested Capital 13,808.7M 12,938.9M 12,782.5M 15,360.6M 16,022.2M 13,624.4M 14,347.4M 14,818.2M 13,128.2M 15,025.7M 13,939.5M 13,559.2M 12,418.1M 12,593.9M 11,507.6M 8,655.7M 9,021.8M 10,426.6M 9,685.8M

Cash Flow Statement

Metric TTM TTM-1 2025-02-28 2024-02-29 2023-02-28 2022-02-28 2021-02-28 2020-02-29 2019-02-28 2018-02-28 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 1,798.00M 1,101.00M 1,365.12M 1,157.44M 3,539.76M 5,669.47M 3,884.87M 2,133.94M 3,417.23M 3,098.68M 5,150.71M 4,863.12M 3,316.59M 2,680.70M 3,884.29M 5,002.80M 2,801.58M 2,551.15M 2,644.01M
Depreciation & Amortization 0.00M 0.00M 3,753.06M 4,249.08M 3,962.72M 3,592.54M 3,349.86M 3,353.09M 3,234.02M 3,504.88M 3,310.34M 3,130.55M 2,992.77M 2,873.20M 2,613.90M 2,575.42M 2,501.57M 1,923.82M 1,701.93M
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
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 282.49M 33.20M -1,514.39M 1,276.84M -270.41M -651.52M 1,127.84M 279.80M -261.11M -433.40M 325.53M 232.05M -509.05M -100.32M 244.68M 70.09M -561.38M
Accounts Receivable 0.00M 0.00M 59.63M 88.93M -212.83M 9.29M 7.20M -82.82M -100.93M 249.43M -137.08M -6.48M -34.00M 12.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 179.49M 67.04M -457.40M 734.20M -498.23M -159.78M 14.61M -316.12M -67.29M -13.53M -195.82M -92.99M -177.38M -86.78M 173.04M 93.58M -504.32M
Accounts Payable 0.00M 0.00M -24.98M -55.52M 13.05M 11.75M 45.16M 14.31M -22.27M -51.51M 44.47M -61.98M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 0.00M 68.35M -67.25M -857.21M 521.60M 175.46M -423.23M 1,113.23M 346.49M -193.83M -419.87M 521.34M 325.04M -331.67M -13.55M 71.64M -23.48M -57.05M
Other Non-Cash Items -1,798.00M -1,101.00M 935.48M 259.53M -1,946.14M -1,164.77M -296.79M -283.59M 637.09M -1,828.72M -1,791.44M -1,179.82M 34.17M -1,098.45M -1,719.43M -1,941.02M 265.09M -976.34M -1,289.66M
Net Cash from Operating Activities 0.00M 0.00M 6,336.15M 5,699.25M 4,041.95M 9,374.08M 6,667.53M 4,551.92M 8,416.17M 5,054.64M 6,408.50M 6,380.46M 6,669.06M 4,687.50M 4,269.72M 5,536.87M 5,812.93M 3,568.72M 2,494.91M
Capital Expenditures (PPE) 0.00M 0.00M -2,011.25M -3,501.22M -4,194.39M -4,708.45M -3,652.20M -3,919.35M -4,031.94M -4,320.67M -3,698.05M -4,777.11M -4,490.78M -4,318.12M -5,087.85M -2,740.92M -2,581.08M -2,720.80M -1,877.33M
Acquisitions (Net) 0.00M 0.00M 10.01M 0.00M 3.55M 2.29M 3.12M 0.23M 1.68M 0.00M 4.55M 77.38M 0.00M 0.00M -50.60M 0.00M -35.00M -50.00M -54.32M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M -6.03M -5.20M -0.02M -1,012.23M -0.02M -0.02M -202.92M -314.27M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M -3.55M -2.29M -3.12M -0.23M 0.00M 0.00M 153.65M 93.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 0.00M 0.00M -514.81M -102.59M -140.60M -30.32M 0.88M -97.60M -145.88M -740.19M -89.21M -96.74M -240.47M -210.31M -153.42M 44.91M -161.89M -84.56M 87.25M
Net Cash from Investing Activities 0.00M 0.00M -2,516.05M -3,603.81M -4,341.02M -4,743.97M -3,651.34M -5,029.17M -4,177.84M -4,451.82M -3,787.26M -4,873.84M -4,731.25M -4,528.44M -5,291.86M -2,696.01M -2,777.96M -2,855.36M -1,844.39M
Net Debt Issuance 0.00M 0.00M -1,489.69M -451.53M 214.16M 1,731.21M 393.25M 0.00M 0.00M 0.00M 0.00M -820.00M -545.00M -656.67M 561.67M -536.93M -186.70M 889.59M 151.65M
Long-Term Debt Issuance 0.00M 0.00M -1,489.69M -451.53M 214.16M 1,731.21M 393.25M 0.00M 0.00M 0.00M 0.00M -20.00M -195.00M -456.67M 561.67M -78.49M 63.30M 920.99M -33.35M
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 -800.00M -350.00M -200.00M 0.00M -463.60M -250.00M -31.40M 185.00M
Net Stock Issuance 0.00M 0.00M -0.26M 0.00M -0.11M -0.05M -0.26M -0.01M -0.17M -0.26M -0.13M 0.00M -266.37M 0.00M 0.00M -0.02M -0.18M -0.05M -0.20M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M -0.26M 0.00M -0.11M -0.05M -0.26M -0.01M -0.17M -0.26M -0.13M 0.00M -266.37M 0.00M 0.00M -0.02M -0.18M -0.05M -0.20M
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 0.00M 0.00M -1,188.88M -1,188.88M -1,188.88M -849.20M -849.21M -849.21M -849.21M -849.22M -764.30M -764.30M -773.07M -773.07M -773.07M -429.49M -429.49M -429.49M -429.50M
Common Dividends Paid 0.00M 0.00M -1,188.88M -1,188.88M -1,188.88M -849.20M -849.21M -849.21M -849.21M -849.22M -764.30M -764.30M -773.07M -773.07M -773.07M -429.49M -429.49M -429.49M -429.50M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -25.45M 139.53M 443.50M 29.14M -111.87M 5.16M 153.19M -33.20M -5.16M 0.00M 0.00M 0.00M
Net Cash from Financing Activities 0.00M 0.00M -2,678.83M -1,640.41M -974.83M 881.97M -456.21M -874.66M -709.85M -405.98M -735.28M -1,696.16M -1,579.29M -1,276.55M -244.60M -971.59M -616.37M 460.05M -278.05M
Effect of FX on Cash 0.00M 0.00M -6.20M 14.87M 20.42M 11.85M 9.18M -2.10M -2.06M 1.28M -2.08M -3.80M 6.55M 33.67M 39.09M -11.26M -2.36M -0.91M -18.55M
Net Change in Cash 0.00M 0.00M 1,135.06M 469.90M -1,253.48M 5,523.93M 2,569.17M -1,354.01M 3,526.43M 198.12M 1,883.88M -193.35M 365.07M -1,083.82M -1,227.66M 1,984.32M 2,416.24M 1,172.51M 361.43M
Cash at Beginning of Period 0.00M 0.00M 17,921.66M 17,451.76M 18,705.24M 13,181.32M 10,612.15M 11,966.16M 8,439.73M 8,241.60M 6,357.72M 6,551.07M 6,186.00M 7,269.82M 8,497.48M 6,513.16M 4,096.92M 2,924.41M 2,562.99M
Cash at End of Period 0.00M 0.00M 19,056.73M 17,921.66M 17,451.76M 18,705.24M 13,181.32M 10,612.15M 11,966.16M 8,439.73M 8,241.60M 6,357.72M 6,551.07M 6,186.00M 7,269.82M 8,497.48M 6,513.16M 4,096.92M 2,924.41M
Operating Cash Flow 0.00M 0.00M 6,336.15M 5,699.25M 4,041.95M 9,374.08M 6,667.53M 4,551.92M 8,416.17M 5,054.64M 6,408.50M 6,380.46M 6,669.06M 4,687.50M 4,269.72M 5,536.87M 5,812.93M 3,568.72M 2,494.91M
Capital Expenditure 0.00M 0.00M -1,681.14M -3,501.22M -4,194.39M -4,708.45M -3,652.20M -3,919.35M -4,031.94M -4,320.67M -3,698.05M -4,777.11M -4,490.78M -4,318.12M -5,087.85M -2,740.92M -2,581.08M -2,720.80M -1,877.33M
Free Cash Flow 0.00M 0.00M 4,655.01M 2,198.04M -152.43M 4,665.63M 3,015.33M 632.58M 4,384.23M 733.97M 2,710.45M 1,603.35M 2,178.28M 369.38M -818.13M 2,795.95M 3,231.85M 847.93M 617.58M

Free Cash Flow

Metric TTM TTM-1 2025-02-28 2024-02-29 2023-02-28 2022-02-28 2021-02-28 2020-02-29 2019-02-28 2018-02-28 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 7,042.12M 6,581.00M 6,774.39M 6,647.96M 8,072.73M 9,728.04M 8,229.55M 6,741.97M 7,485.06M 8,169.46M 8,856.33M 8,518.43M 6,989.12M 6,052.69M 13,482.99M 14,486.51M 13,781.71M 11,548.26M 11,624.50M
(-) Tax Adjustment 2,464.74M 2,303.35M 2,371.04M 2,326.79M 2,825.46M 3,404.81M 2,880.34M 2,359.69M 2,619.77M 2,859.31M 3,099.72M 2,981.45M 2,446.19M 2,118.44M 4,719.05M 5,070.28M 4,823.60M 4,041.89M 4,068.57M
(-) Change In Working Capital 0.00M 0.00M 282.49M 33.20M -1,514.39M 1,276.84M -270.41M -651.52M 1,127.84M 279.80M -261.11M -433.40M 325.53M 232.05M -509.05M -100.32M 244.68M 70.09M -561.38M
(-) Capital Expenditure 0.00M 0.00M -1,681.14M -3,501.22M -4,194.39M -4,708.45M -3,652.20M -3,919.35M -4,031.94M -4,320.67M -3,698.05M -4,777.11M -4,490.78M -4,318.12M -5,087.85M -2,740.92M -2,581.08M -2,720.80M -1,877.33M
Unlevered Free Cash Flow 4,577.38M 4,277.65M 2,439.72M 786.76M 2,567.27M 337.94M 1,967.41M 1,114.45M -294.49M 709.68M 2,319.68M 1,193.27M -273.37M -615.93M 4,185.14M 6,775.63M 6,132.35M 4,715.48M 6,239.97M
(-) Net Interest Income After Taxes -12.41M -13.32M -13.31M -13.55M -14.80M -14.12M -17.62M -8.84M -7.83M -4.12M -2.89M -8.13M -11.22M -12.89M -19.63M -23.96M -36.12M -36.62M -40.08M
Net Debt Issuance 0.00M 0.00M -1,489.69M -451.53M 214.16M 1,731.21M 393.25M 0.00M 0.00M 0.00M 0.00M -820.00M -545.00M -656.67M 561.67M -536.93M -186.70M 889.59M 151.65M
Levered Free Cash Flow 4,589.79M 4,290.97M 963.34M 348.77M 2,796.24M 2,083.28M 2,378.28M 1,123.29M -286.66M 713.80M 2,322.57M 381.41M -807.15M -1,259.70M 4,766.44M 6,262.66M 5,981.77M 5,641.69M 6,431.70M