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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Cube System Inc.

Ticker: 2335.T | Industry: Information Technology Services | Sector: Technology
$1,080.00 0.00 (0.00%)
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 2008
Stock Price 1,089.00 1,084.75 1,155.25 956.50 1,075.50 1,074.75 793.25 836.75 818.75 666.25 623.75 491.25 330.63 257.63 254.38 244.58 216.46 204.17
Market Capitalization 16,415.79M 16,356.01M 17,514.89M 13,070.03M 14,576.03M 14,602.94M 10,759.27M 11,539.88M 11,449.36M 9,457.18M 9,055.89M 7,303.82M 4,959.04M 3,864.38M 3,815.75M 3,707.48M 3,290.03M 3,103.29M
(-) Cash & Equivalents 6,325.33M 6,368.01M 6,680.55M 5,396.02M 4,625.31M 3,870.01M 3,167.33M 3,073.57M 2,784.77M 2,511.01M 2,070.04M 2,407.67M 2,287.93M 2,430.01M 2,457.96M 2,231.88M 1,878.97M 0.00M
(+) Total Debt 230.00M 230.00M 235.00M 240.00M 260.00M 260.00M 240.00M 240.00M 240.00M 240.00M 240.00M 240.00M 250.00M 280.00M 280.00M 280.00M 290.00M 0.00M
Enterprise Value 10,320.46M 10,218.00M 11,069.33M 7,914.01M 10,210.72M 10,992.93M 7,831.94M 8,706.31M 8,904.59M 7,186.16M 7,225.85M 5,136.14M 2,921.11M 1,714.37M 1,637.80M 1,755.60M 1,701.06M 3,103.29M

Income Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
Revenue 18,471M 18,028M 18,351M 18,021M 16,326M 16,100M 14,789M 14,708M 14,325M 13,559M 12,899M 12,623M 12,527M 11,217M 9,242M 8,431M 9,166M 8,706M 8,507M 8,109M
Cost of Revenue 14,215M 14,196M 14,403M 14,099M 12,756M 12,650M 11,948M 12,205M 11,876M 11,215M 10,913M 10,476M 10,492M 9,661M 7,810M 7,127M 7,638M 7,252M 7,002M 6,627M
Gross Profit 4,256M 3,832M 3,948M 3,922M 3,570M 3,450M 2,841M 2,503M 2,449M 2,344M 1,986M 2,146M 2,035M 1,556M 1,432M 1,304M 1,528M 1,453M 1,505M 1,482M
Gross Profit Margin 23.0% 21.3% 21.5% 21.8% 21.9% 21.4% 19.2% 17.0% 17.1% 17.3% 15.4% 17.0% 16.2% 13.9% 15.5% 15.5% 16.7% 16.7% 17.7% 18.3%
R&D Expenses 98M 12M 98M 23M 21M 101M 24M 32M 68M 83M 35M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 2,677M 2,550M 2,566M 2,386M 262M 2,032M 1,642M 169M 162M 153M 289M 414M 411M 332M 218M 184M 233M 228M 211M 282M
Operating Expenses 2,672M 2,557M 2,559M 2,386M 2,118M 2,032M 1,666M 1,544M 1,527M 1,489M 688M 672M 611M 524M 499M 466M 529M 500M 472M 527M
Operating Income (EBIT) 1,584M 1,275M 1,389M 1,536M 1,452M 1,418M 1,175M 959M 922M 855M 1,298M 1,475M 1,424M 1,032M 933M 838M 999M 953M 1,034M 955M
Operating Income Margin 8.6% 7.1% 7.6% 8.5% 8.9% 8.8% 7.9% 6.5% 6.4% 6.3% 10.1% 11.7% 11.4% 9.2% 10.1% 9.9% 10.9% 10.9% 12.2% 11.8%
Interest Income 5M 5M 5M 6M 4M 3M 3M 3M 4M 8M 9M 10M 12M 11M 5M 2M 3M 6M 8M 5M
Interest Expense 0M 1M 1M 1M 1M 2M 2M 2M 2M 2M 2M 2M 2M 2M 4M 4M 4M 4M 5M 5M
Net Interest Income 5M 4M 4M 4M 2M 2M 1M 1M 2M 6M 7M 7M 10M 8M 1M -2M 0M 2M 3M -1M
Unusual Items 115M 428M 378M 50M 26M 13M 108M -77M 36M 32M -494M -414M -454M -338M -328M -320M -578M -295M -439M -328M
EBT Excluding Unusual Items 1,589M 1,279M 1,393M 1,540M 1,455M 1,419M 1,176M 960M 924M 861M 1,305M 1,482M 1,434M 1,040M 934M 836M 999M 955M 1,036M 954M
Pre-Tax Income 1,704M 1,707M 1,771M 1,591M 1,480M 1,433M 1,284M 884M 960M 893M 811M 1,069M 981M 702M 606M 516M 420M 660M 597M 627M
Pre-Tax Margin 9.2% 9.5% 9.7% 8.8% 9.1% 8.9% 8.7% 6.0% 6.7% 6.6% 6.3% 8.5% 7.8% 6.3% 6.6% 6.1% 4.6% 7.6% 7.0% 7.7%
Income Tax Expense 549M 481M 509M 524M 491M 483M 436M 354M 356M 322M 258M 438M 383M 314M 268M 401M 214M 310M 288M 284M
Net Income 1,154M 1,228M 1,261M 1,067M 990M 945M 844M 525M 597M 567M 551M 629M 594M 387M 338M 118M 208M 349M 308M 342M
Net Income Margin 6.2% 6.8% 6.9% 5.9% 6.1% 5.9% 5.7% 3.6% 4.2% 4.2% 4.3% 5.0% 4.7% 3.4% 3.7% 1.4% 2.3% 4.0% 3.6% 4.2%
Depreciation & Amortization 73M 51M 57M 43M 51M 60M 59M 66M 72M 77M 94M 107M 34M 24M 24M 23M 24M 22M 21M 23M
EBITDA 1,657M 1,326M 1,446M 1,579M 1,504M 1,478M 1,234M 1,026M 994M 932M 1,392M 1,581M 1,458M 1,055M 957M 861M 1,023M 975M 1,055M 978M
EBITDA Margin 9.0% 7.4% 7.9% 8.8% 9.2% 9.2% 8.3% 7.0% 6.9% 6.9% 10.8% 12.5% 11.6% 9.4% 10.4% 10.2% 11.2% 11.2% 12.4% 12.1%
NOPAT 1,074M 916M 990M 1,030M 971M 940M 776M 574M 580M 546M 885M 870M 867M 570M 521M 187M 490M 505M 535M 522M
NOPAT Margin 5.8% 5.1% 5.4% 5.7% 5.9% 5.8% 5.2% 3.9% 4.0% 4.0% 6.9% 6.9% 6.9% 5.1% 5.6% 2.2% 5.3% 5.8% 6.3% 6.4%
Owner's Earnings 1,227M 1,278M 1,279M 1,040M 1,028M 961M 864M 590M 639M 625M 639M 440M 561M 400M 357M 133M 227M 338M 324M 336M
Owner's Earnings Margin 6.6% 7.1% 7.0% 5.8% 6.3% 6.0% 5.8% 4.0% 4.5% 4.6% 5.0% 3.5% 4.5% 3.6% 3.9% 1.6% 2.5% 3.9% 3.8% 4.1%
EPS (Basic) 76.56 81.33 83.79 70.38 70.35 69.83 62.11 38.69 43.25 40.59 39.15 43.22 39.75 25.77 22.51 7.85 13.79 22.96 20.24 22.52
EPS (Diluted) 76.58 81.29 83.79 70.39 70.35 69.83 62.11 38.69 43.25 40.59 39.15 43.22 39.75 25.77 22.51 7.85 13.79 22.96 20.24 22.52
Shares (Basic) 15M 15M 15M 15M 14M 14M 14M 14M 14M 14M 14M 15M 15M 15M 15M 15M 15M 15M 15M 15M
Shares (Diluted) 15M 15M 15M 15M 14M 14M 14M 14M 14M 14M 14M 15M 15M 15M 15M 15M 15M 15M 15M 15M

Balance Sheet

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
Cash & Cash Equivalents 6,538.00M 6,205.00M 6,233.00M 6,835.02M 6,748.20M 5,058.10M 4,467.54M 3,577.01M 3,150.80M 2,865.89M 2,842.21M 2,436.69M 2,139.21M 2,408.79M 2,502.99M 2,525.17M 2,545.69M 1,888.62M 1,752.90M 1,710.12M
Short-Term Investments 99.00M 99.00M 0.00M 0.00M 100.00M 0.00M 0.00M 100.00M 100.00M 300.00M 200.00M 0.00M 200.00M 300.00M 500.00M 300.00M 350.00M 400.00M 500.00M 600.00M
Cash & Short-Term Investments 6,637.00M 6,304.00M 6,233.00M 6,835.02M 6,848.20M 5,058.10M 4,467.54M 3,677.01M 3,250.80M 3,165.89M 3,042.21M 2,436.69M 2,339.21M 2,708.79M 3,002.99M 2,825.17M 2,895.69M 2,288.62M 2,252.90M 2,310.12M
Net Receivables 3,235.00M 3,052.00M 3,337.00M 2,932.75M 2,702.19M 2,583.69M 2,584.24M 2,358.23M 2,547.40M 2,413.56M 2,242.33M 2,277.80M 2,291.48M 2,124.36M 1,782.50M 1,558.74M 1,538.35M 1,839.19M 1,735.69M 1,613.10M
Inventory 10.00M 20.00M 1.00M 3.51M 10.76M 16.44M 83.45M 26.07M 185.91M 74.65M 49.06M 224.32M 124.60M 142.71M 71.52M 61.04M 53.92M 16.21M 32.56M 34.86M
Other Current Assets 289.00M 368.00M 235.00M 207.18M 142.00M 147.28M 118.58M 180.27M 172.47M 109.87M 216.06M 282.89M 269.57M 309.90M 186.80M 170.48M 199.18M 189.10M 149.09M 141.51M
Total Current Assets 10,171.00M 9,744.00M 9,806.00M 9,978.46M 9,703.15M 7,805.50M 7,253.81M 6,241.57M 6,156.59M 5,763.97M 5,549.65M 5,221.69M 5,024.87M 5,285.76M 5,043.81M 4,615.42M 4,687.13M 4,333.11M 4,170.24M 4,099.60M
Property, Plant & Equipment 508.00M 210.00M 240.00M 160.46M 124.38M 169.14M 193.25M 188.89M 229.58M 265.70M 320.58M 406.94M 89.30M 90.16M 89.11M 99.42M 101.75M 95.91M 87.68M 96.76M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.95M 0.77M 0.59M 0.41M 0.24M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 12.00M 3.00M 3.00M 3.33M 3.00M 4.00M 8.00M 12.00M 16.00M 20.00M 3.35M 3.37M 3.42M 3.47M 3.52M 3.57M 3.62M 3.69M 3.75M 3.82M
Long-Term Investments 2,114.00M 2,277.00M 2,170.00M 2,068.54M 1,534.18M 1,278.72M 1,169.96M 794.67M 1,550.00M 465.30M 711.23M 1,068.69M 982.29M 695.02M 31.61M 101.47M 17.57M 231.22M -104.49M -144.34M
Tax Assets 0.00M 0.00M 0.00M 0.00M 8.20M 20.01M 64.79M 136.49M 193.72M 38.28M 74.50M 84.41M 4.17M 1.40M 33.83M 43.17M 211.82M 120.98M 159.63M 105.75M
Other Non-Current Assets 2,117.00M 2,134.00M 2,147.00M 1,276.96M 1,174.61M 786.21M 753.61M 673.07M -0.40M 871.27M 744.30M 539.68M 794.69M 584.27M 784.30M 585.12M 658.95M 705.40M 892.04M 1,085.12M
Other Assets 2.00M 0.00M 3.00M 2.00M 0.00M 0.00M 0.00M 0.00M 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 4,753.00M 4,624.00M 4,563.00M 3,511.29M 2,844.37M 2,259.03M 2,190.38M 1,805.71M 1,989.32M 1,660.79M 1,853.96M 2,103.09M 1,873.87M 1,374.33M 942.37M 832.76M 993.71M 1,157.20M 1,038.60M 1,147.12M
Total Assets 14,924.00M 14,368.00M 14,369.00M 13,489.75M 12,547.52M 10,064.53M 9,444.19M 8,047.28M 8,145.90M 7,424.76M 7,403.61M 7,324.78M 6,898.73M 6,660.08M 5,986.18M 5,448.18M 5,680.84M 5,490.31M 5,208.84M 5,246.72M
Accounts Payable 778.00M 772.00M 802.00M 821.38M 796.24M 753.11M 775.08M 687.54M 718.25M 679.57M 626.58M 600.26M 662.79M 769.51M 480.92M 415.12M 397.95M 407.67M 435.20M 473.10M
Short-Term Debt 230.00M 230.00M 230.00M 230.00M 240.00M 240.00M 280.00M 240.00M 240.00M 240.00M 240.00M 240.00M 240.00M 240.00M 260.00M 280.00M 280.00M 280.00M 300.00M 300.00M
Tax Payables 275.00M 0.00M 0.00M 271.49M 313.95M 231.05M 370.65M 150.31M 274.03M 184.69M 190.05M 251.34M 98.67M 297.44M 190.59M 52.10M 149.48M 168.05M 154.01M 192.59M
Deferred Revenue 0.00M 0.00M 23.00M 0.00M 685.96M 610.52M 744.84M 502.55M 643.19M 480.42M 478.74M 547.01M 430.59M 567.36M 427.72M 247.09M 414.19M 424.26M 376.80M 402.12M
Other Current Liabilities 1,461.00M 865.00M 657.00M 772.44M -207.31M -9.26M -186.99M 293.82M 1,017.40M 756.52M 656.84M 699.28M 940.94M 620.38M 553.57M 226.48M 277.49M 256.97M 205.59M 335.64M
Total Current Liabilities 2,744.00M 1,867.00M 1,712.00M 2,095.31M 1,828.84M 1,825.42M 1,983.58M 1,874.23M 2,892.87M 2,341.20M 2,192.21M 2,337.88M 2,372.99M 2,494.69M 1,912.80M 1,220.79M 1,519.11M 1,536.94M 1,471.60M 1,703.45M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.28M 1.12M 1.96M 3.30M 3.30M 2.60M 8.34M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 384.00M 150.98M 0.00M 0.00M 0.00M 0.00M 86.05M 78.59M 69.40M 59.54M 32.07M 5.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 1,009.00M 1,320.00M 717.00M 743.62M 742.13M 650.79M 571.11M 540.27M 446.72M 440.06M 755.20M 815.15M 278.65M 299.86M 352.49M 359.12M 424.71M 236.70M 227.64M 214.47M
Total Non-Current Liabilities 1,009.00M 1,320.00M 1,101.00M 894.61M 742.13M 651.07M 572.23M 542.23M 536.07M 521.94M 827.20M 883.03M 310.72M 305.36M 352.49M 359.12M 424.71M 236.70M 227.64M 214.47M
Total Liabilities 3,753.00M 3,187.00M 2,813.00M 2,989.92M 2,570.97M 2,476.49M 2,555.81M 2,416.45M 3,428.94M 2,863.14M 3,019.42M 3,220.91M 2,683.70M 2,800.05M 2,265.28M 1,579.91M 1,943.82M 1,773.65M 1,699.24M 1,917.92M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 185.57M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 1,400.00M 1,400.00M 1,400.00M 1,400.23M 1,400.23M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M 768.98M
Retained Earnings 7,736.00M 7,381.00M 7,496.00M 6,864.79M 6,459.03M 6,006.51M 5,649.01M 5,056.04M 4,865.07M 4,493.16M 4,125.09M 3,781.27M 3,356.73M 2,927.47M 2,705.92M 2,495.79M 2,503.05M 2,421.61M 2,199.37M 2,018.39M
Accumulated OCI 1,090.00M 1,226.00M 1,140.00M 880.00M 769.00M 448.70M 429.03M 146.50M 94.86M 79.94M 12.68M -185.57M 133.00M 79.00M 23.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 44.16M 39.32M 35.18M 32.39M 26.04M 24.01M 22.12M 22.87M 19.70M 18.40M 17.35M 18.70M 16.38M 12.81M 11.70M
Total Shareholders’ Equity 10,226.00M 10,007.00M 10,036.00M 9,145.02M 8,628.26M 7,224.19M 6,847.02M 5,971.52M 5,728.91M 5,342.08M 4,906.75M 4,550.25M 4,258.71M 3,775.44M 3,497.90M 3,264.77M 3,272.03M 3,190.59M 2,968.35M 2,787.37M
Total Equity 10,226.00M 10,007.00M 10,036.00M 9,145.02M 8,628.26M 7,268.34M 6,886.34M 6,006.70M 5,761.31M 5,368.12M 4,930.76M 4,572.37M 4,281.57M 3,795.14M 3,516.29M 3,282.12M 3,290.73M 3,206.97M 2,981.16M 2,799.07M
Total Liabilities & Equity 13,979.00M 13,194.00M 12,849.00M 12,134.94M 11,199.23M 9,744.83M 9,442.15M 8,423.16M 9,190.25M 8,231.26M 7,950.17M 7,793.28M 6,965.27M 6,595.19M 5,781.58M 4,862.03M 5,234.54M 4,980.61M 4,680.40M 4,716.98M
Tangible Assets 14,912.00M 14,365.00M 14,366.00M 13,486.42M 12,544.52M 10,059.58M 9,435.42M 8,034.69M 8,129.49M 7,404.52M 7,400.26M 7,321.41M 6,895.31M 6,656.61M 5,982.66M 5,444.60M 5,677.22M 5,486.63M 5,205.09M 5,242.89M
Tangible Equity 10,214.00M 10,004.00M 10,033.00M 9,141.69M 8,625.26M 7,263.39M 6,877.57M 5,994.11M 5,744.89M 5,347.88M 4,927.41M 4,569.00M 4,278.15M 3,791.67M 3,512.77M 3,278.55M 3,287.10M 3,203.28M 2,977.41M 2,795.24M
Tangible Book Value 10,214.00M 10,004.00M 10,033.00M 9,141.69M 8,625.26M 7,263.39M 6,877.57M 5,994.11M 5,744.89M 5,347.88M 4,927.41M 4,569.00M 4,278.15M 3,791.67M 3,512.77M 3,278.55M 3,287.10M 3,203.28M 2,977.41M 2,795.24M
Total Investments 2,233.00M 2,376.00M 2,170.00M 2,068.54M 1,634.18M 1,278.72M 1,169.96M 894.67M 1,650.00M 765.30M 911.23M 1,068.69M 1,182.29M 995.02M 531.61M 401.47M 367.57M 631.22M 395.51M 455.66M
Net Debt -6,308.00M -5,975.00M -6,003.00M -6,605.02M -6,508.20M -4,818.10M -4,187.54M -3,337.01M -2,910.80M -2,625.89M -2,602.21M -2,196.69M -1,899.21M -2,168.79M -2,242.99M -2,245.17M -2,265.69M -1,608.62M -1,452.90M -1,410.12M

Capital Metrics

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
Working Capital 7,427.0M 7,547.0M 7,419.0M 7,519.2M 7,514.3M 5,606.1M 4,896.0M 4,367.3M 3,906.9M 4,014.0M 3,836.2M 3,430.8M 3,082.5M 3,358.4M 3,558.7M 3,446.7M 3,361.6M 3,002.1M 2,852.6M 2,588.7M
Total Capital 11,401.0M 11,079.0M 11,104.0M 10,363.8M 9,856.5M 7,410.2M 6,756.0M 5,837.6M 5,571.1M 5,370.1M 5,081.5M 4,936.6M 4,862.8M 4,647.7M 4,390.2M 4,183.0M 4,191.9M 4,186.2M 3,950.8M 3,809.7M
Capital Employed 12,180.0M 12,171.0M 11,979.0M 11,028.4M 10,358.7M 7,865.1M 7,086.4M 6,173.1M 5,896.2M 5,674.8M 5,690.1M 5,533.9M 4,956.3M 4,732.8M 4,501.1M 4,279.5M 4,355.3M 4,159.3M 3,891.2M 3,735.9M
Invested Capital 4,863.0M 4,874.0M 4,871.0M 3,528.8M 3,108.3M 2,352.1M 2,288.5M 2,260.6M 2,420.3M 2,504.2M 2,239.3M 2,500.0M 2,723.5M 2,238.9M 1,887.2M 1,657.9M 1,646.2M 2,297.6M 2,197.9M 2,099.6M

Cash Flow Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
Net Income 1,304.00M 992.00M 1,261.00M 1,067.15M 1,480.46M 1,432.72M 1,283.57M 883.59M 959.93M 892.82M 811.40M 1,068.68M 980.61M 701.78M 606.02M 516.11M 420.34M 660.27M 597.13M 626.84M
Depreciation & Amortization 0.00M 21.57M 57.00M 43.81M 51.11M 60.23M 59.34M 66.49M 72.49M 76.97M 94.22M 106.56M 34.36M 23.55M 23.67M 22.57M 23.58M 22.41M 20.84M 23.20M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 0.00M
Change in Working Capital 0.00M 0.00M -734.00M -52.41M -218.68M 31.23M 6.98M 194.12M 39.17M -303.42M 250.30M -259.00M -154.58M -272.68M -118.46M -10.26M 255.18M -114.89M -153.23M -38.37M
Accounts Receivable 0.00M 0.00M -406.00M -229.37M -117.00M 3.00M -224.00M 188.00M -134.00M -171.05M 35.02M 12.97M -166.00M -340.00M -222.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 1.00M 7.64M 6.08M 67.84M -57.33M 159.74M -111.26M -25.46M 175.33M -99.78M 18.19M -71.18M -10.43M -7.10M -37.73M 16.36M 2.30M 74.03M
Accounts Payable 0.00M 0.00M -18.00M 24.84M 42.86M -22.85M 87.06M -30.38M 38.84M 52.83M 26.78M -61.68M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 0.00M -311.00M 144.49M -150.62M -16.76M 201.24M -123.24M 245.60M -277.95M 74.98M -159.23M -172.77M -201.49M -108.03M -3.17M 292.91M -131.25M -155.54M -112.40M
Other Non-Cash Items -1,304.00M -970.43M -329.00M -13.91M -420.93M -508.38M -306.82M -396.87M -298.47M -277.53M -219.50M -388.91M -357.04M -134.65M -59.90M -427.08M -76.53M -284.76M -312.74M -150.65M
Net Cash from Operating Activities 0.00M 43.14M 255.00M 1,044.63M 891.96M 1,015.80M 1,043.07M 747.33M 773.12M 388.84M 936.43M 527.32M 503.35M 318.00M 451.33M 101.33M 622.57M 283.03M 152.00M 461.02M
Capital Expenditures (PPE) 0.00M 0.00M -39.00M -69.69M -12.56M -43.99M -39.31M -1.84M -29.94M -19.52M -6.28M -295.92M -67.15M -10.06M -4.77M -7.47M -5.17M -33.07M -4.44M -29.76M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2.55M 16.10M 0.00M 0.00M -34.43M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M -20.00M -251.44M -457.89M -76.93M -128.53M -75.65M -270.84M -158.34M -66.00M -111.75M -108.86M -607.93M -313.19M -309.68M -17.89M -162.77M -365.29M -13.81M
Sales / Maturities of Investments 0.00M 0.00M 124.00M 102.39M 158.26M 12.90M 248.53M 123.00M 371.53M 236.94M 179.80M 377.09M 100.00M 400.00M 0.00M 320.53M 240.43M 110.96M 0.00M 0.00M
Other Investing Activities 0.00M 0.00M -133.00M -41.11M 7.48M -26.33M -22.20M -19.55M -26.40M -46.90M -12.70M 63.82M -196.98M 45.53M -3.71M 51.29M 92.17M 83.35M -121.56M -21.19M
Net Cash from Investing Activities 0.00M 0.00M -68.00M -259.85M -304.72M -134.34M 58.50M 25.96M 46.90M 28.28M 94.83M 33.24M -307.42M -172.46M -321.68M 54.67M 309.55M -1.53M -491.28M -64.76M
Net Debt Issuance 0.00M 0.00M 0.00M -10.28M -0.84M -40.84M 40.00M -4.80M 0.00M 0.00M 0.00M 0.00M 0.00M -23.56M -20.00M 0.00M 0.00M -20.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 0.00M -0.28M -0.84M -0.84M 0.00M -4.80M 0.00M 0.00M 0.00M 0.00M 0.00M -3.56M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M -10.00M 0.00M -40.00M 40.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -20.00M -20.00M 0.00M 0.00M -20.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M -151.00M 0.00M 1,639.44M 0.00M -0.13M -0.07M -299.95M -186.80M -397.18M -31.00M -268.91M -0.46M -0.20M -0.18M -46.41M 2.50M -0.21M -0.34M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 1,639.44M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.38M 2.79M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M -151.00M 0.00M 0.00M 0.00M -0.13M -0.07M -299.95M -186.80M -397.18M -31.24M -268.91M 0.00M 0.00M -0.18M -50.79M -0.30M -0.21M -0.34M
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 0.24M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M -629.00M -661.73M -535.58M -282.67M -250.03M -332.91M -224.83M -198.77M -207.33M -204.46M -165.53M -164.75M -127.63M -125.40M -126.96M -126.95M -125.95M -125.67M
Common Dividends Paid 0.00M 0.00M -629.00M -661.73M -535.58M -282.67M -250.03M -332.91M -224.83M -198.77M -207.33M -204.46M -165.53M -164.75M -127.63M -125.40M -126.96M -126.95M -125.95M -125.67M
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 0.00M
Other Financing Activities 0.00M 0.00M 0.00M 0.00M -0.70M -0.60M -5.05M -1.50M -6.30M -6.49M -6.48M -6.52M -4.85M -0.20M -3.51M -0.29M -0.30M -0.23M -0.23M 3.35M
Net Cash from Financing Activities 0.00M 0.00M -780.00M -672.01M 1,102.32M -324.11M -215.21M -339.28M -531.08M -392.05M -610.99M -241.98M -439.29M -188.96M -151.34M -125.87M -173.68M -144.68M -126.39M -122.66M
Effect of FX on Cash 0.00M 0.00M -9.02M -1.12M -1.94M 10.83M 4.17M -7.80M -4.03M -1.38M -6.06M -9.32M 3.31M -0.78M -0.49M -0.66M -1.38M -1.10M -3.05M -0.10M
Net Change in Cash 0.00M 216.67M -602.02M 111.66M 1,687.63M 568.19M 890.53M 426.21M 284.91M 23.69M 414.21M 309.26M -240.05M -44.21M -22.18M 29.48M 757.07M 135.72M -468.73M 273.50M
Cash at Beginning of Period 0.00M 19,940.89M 6,815.02M 6,703.36M 5,015.73M 4,447.54M 3,557.01M 3,130.80M 2,845.89M 2,822.21M 2,408.00M 2,098.73M 2,338.79M 2,382.99M 2,405.17M 2,375.69M 1,618.62M 1,482.90M 1,951.62M 1,678.12M
Cash at End of Period 0.00M 20,324.36M 6,233.00M 6,815.02M 6,703.36M 5,015.73M 4,447.54M 3,557.01M 3,130.80M 2,845.89M 2,822.21M 2,408.00M 2,098.73M 2,338.79M 2,382.99M 2,405.17M 2,375.69M 1,618.62M 1,482.90M 1,951.62M
Operating Cash Flow 0.00M 43.14M 255.00M 1,044.63M 891.96M 1,015.80M 1,043.07M 747.33M 773.12M 388.84M 936.43M 527.32M 503.35M 318.00M 451.33M 101.33M 622.57M 283.03M 152.00M 461.02M
Capital Expenditure 0.00M 0.00M -39.00M -69.69M -12.56M -43.99M -39.31M -1.84M -29.94M -19.52M -6.28M -295.92M -67.15M -10.06M -4.77M -7.47M -5.17M -33.07M -4.44M -29.76M
Free Cash Flow 0.00M 43.14M 216.00M 974.95M 879.40M 971.81M 1,003.76M 745.49M 743.18M 369.32M 930.15M 231.40M 436.20M 307.94M 446.56M 93.87M 617.41M 249.96M 147.56M 431.26M

Free Cash Flow

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
EBITDA 1,529.25M 1,425.54M 1,341.00M 1,555.70M 3,338.24M 1,377.41M 1,234.21M 2,368.93M 2,291.15M 2,184.50M 1,756.39M 1,838.77M 1,658.52M 1,247.79M 1,237.04M 1,143.27M 1,318.87M 1,247.37M 1,314.78M 1,223.34M
(-) Tax Adjustment 500.81M 459.84M 385.41M 512.14M 1,106.65M 464.06M 418.86M 829.13M 801.90M 764.58M 559.38M 643.57M 580.48M 436.73M 432.96M 400.14M 461.61M 436.58M 460.17M 428.17M
(-) Change In Working Capital 0.00M 0.00M -734.00M -52.41M -218.68M 31.23M 6.98M 194.12M 39.17M -303.42M 250.30M -259.00M -154.58M -272.68M -118.46M -10.26M 255.18M -114.89M -153.23M -38.37M
(-) Capital Expenditure 0.00M 0.00M -39.00M -69.69M -12.56M -43.99M -39.31M -1.84M -29.94M -19.52M -6.28M -295.92M -67.15M -10.06M -4.77M -7.47M -5.17M -33.07M -4.44M -29.76M
Unlevered Free Cash Flow 1,028.44M 965.70M 1,650.59M 1,026.28M 2,437.71M 838.13M 769.07M 1,343.84M 1,420.14M 1,703.82M 940.42M 1,158.28M 1,165.47M 1,073.68M 917.76M 745.92M 596.92M 892.62M 1,003.40M 803.78M
(-) Net Interest Income After Taxes 3.36M 3.01M 2.85M 2.90M 1.60M 1.04M 0.67M 0.89M 1.32M 3.76M 4.93M 4.86M 6.50M 5.51M 0.51M -1.23M -0.30M 1.14M 1.72M -0.33M
Net Debt Issuance 0.00M 0.00M 0.00M -10.28M -0.84M -40.84M 40.00M -4.80M 0.00M 0.00M 0.00M 0.00M 0.00M -23.56M -20.00M 0.00M 0.00M -20.00M 0.00M 0.00M
Levered Free Cash Flow 1,025.08M 962.69M 1,647.74M 1,013.11M 2,435.27M 796.25M 808.40M 1,338.15M 1,418.82M 1,700.06M 935.49M 1,153.42M 1,158.97M 1,044.61M 897.25M 747.15M 597.22M 871.48M 1,001.68M 804.11M