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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Ichikawa Co., Ltd.

Ticker: 3513.T | Industry: Paper, Lumber & Forest Products | Sector: Basic Materials
$3,360.00 -30.00 (-0.88%)
As of: 2026-01-23

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 1,828.00 1,741.50 1,461.50 1,364.00 1,374.75 1,367.25 1,524.25 1,666.50 1,650.00 1,348.75 1,653.75 1,391.25 1,361.25 806.25 782.50 771.25 1,086.25 1,522.50
Market Capitalization 7,788.29M 7,748.30M 6,600.06M 6,243.56M 6,291.22M 6,249.60M 7,098.44M 7,916.79M 7,843.98M 6,412.48M 7,903.18M 7,261.74M 7,300.59M 4,325.45M 4,198.39M 4,138.65M 5,829.89M 8,171.44M
(-) Cash & Equivalents 6,252.50M 6,617.75M 5,990.75M 4,718.75M 3,838.78M 3,484.47M 4,006.70M 3,474.24M 2,119.85M 1,371.99M 1,864.33M 3,009.54M 2,669.35M 2,097.56M 2,622.26M 2,065.59M 1,539.76M 948.56M
(+) Total Debt 949.50M 937.25M 935.00M 962.75M 1,013.92M 1,072.17M 1,062.80M 985.74M 964.60M 1,392.09M 2,143.22M 2,620.24M 3,191.38M 3,769.09M 5,146.97M 5,830.74M 3,728.33M 2,448.26M
Enterprise Value 2,485.29M 2,067.80M 1,544.31M 2,487.57M 3,466.36M 3,837.30M 4,154.54M 5,428.29M 6,688.73M 6,432.58M 8,182.07M 6,872.43M 7,822.63M 5,996.98M 6,723.11M 7,903.80M 8,018.46M 9,671.14M

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 14,080M 13,639M 13,947M 13,603M 13,344M 12,355M 11,599M 11,946M 12,358M 12,417M 11,696M 12,043M 12,591M 12,462M 11,753M 11,554M 12,244M 11,082M 12,593M 14,456M
Cost of Revenue 7,986M 7,644M 7,931M 7,666M 7,915M 7,692M 7,323M 7,377M 7,640M 7,750M 7,516M 7,713M 7,870M 7,907M 7,666M 7,473M 8,205M 8,162M 8,063M 8,550M
Gross Profit 6,094M 5,995M 6,016M 5,937M 5,429M 4,663M 4,276M 4,569M 4,717M 4,667M 4,180M 4,330M 4,720M 4,555M 4,087M 4,080M 4,039M 2,920M 4,531M 5,906M
Gross Profit Margin 43.3% 44.0% 43.1% 43.6% 40.7% 37.7% 36.9% 38.2% 38.2% 37.6% 35.7% 36.0% 37.5% 36.5% 34.8% 35.3% 33.0% 26.3% 36.0% 40.9%
R&D Expenses 324M 256M 0M 334M 330M 318M 332M 328M 326M 410M 413M 444M 451M 356M 309M 0M 0M 0M 0M 0M
SG&A Expenses 4,965M 4,701M 4,942M 4,695M 4,506M 4,000M 3,823M 4,030M 4,139M 3,576M 3,327M 3,333M 3,773M 3,525M 3,265M 0M 0M 0M 0M 0M
Operating Expenses 4,965M 4,871M 4,942M 4,822M 4,628M 4,132M 3,952M 4,150M 4,232M 4,074M 3,818M 3,853M 3,837M 3,597M 3,360M 3,387M 3,381M 3,576M 4,261M 4,530M
Operating Income (EBIT) 1,129M 1,124M 1,074M 1,115M 801M 531M 323M 419M 485M 593M 363M 477M 884M 958M 728M 694M 658M -656M 270M 1,376M
Operating Income Margin 8.0% 8.2% 7.7% 8.2% 6.0% 4.3% 2.8% 3.5% 3.9% 4.8% 3.1% 4.0% 7.0% 7.7% 6.2% 6.0% 5.4% -5.9% 2.1% 9.5%
Interest Income 172M 126M 143M 114M 112M 99M 106M 102M 94M 93M 0M 1M 1M 1M 1M 3M 2M 3M 10M 9M
Interest Expense 10M 8M 9M 7M 7M 7M 14M 14M 12M 16M 42M 70M 86M 104M 122M 146M 162M 120M 83M 73M
Net Interest Income 162M 118M 134M 107M 105M 92M 92M 88M 82M 77M -41M -69M -85M -104M -121M -143M -160M -117M -73M -65M
Unusual Items -54M -87M -5M -68M 139M 115M 152M 57M 40M -40M 61M 98M 66M 37M -92M -4M -515M -358M 166M 216M
EBT Excluding Unusual Items 1,291M 1,242M 1,208M 1,222M 906M 623M 416M 507M 567M 669M 321M 408M 799M 854M 607M 550M 498M -773M 197M 1,311M
Pre-Tax Income 1,237M 1,155M 1,203M 1,154M 1,045M 738M 568M 564M 607M 629M 382M 506M 865M 891M 515M 547M -17M -1,131M 363M 1,528M
Pre-Tax Margin 8.8% 8.5% 8.6% 8.5% 7.8% 6.0% 4.9% 4.7% 4.9% 5.1% 3.3% 4.2% 6.9% 7.1% 4.4% 4.7% -0.1% -10.2% 2.9% 10.6%
Income Tax Expense 297M 124M 421M 146M 211M 213M 198M 205M 230M 285M 146M 141M 216M 152M 72M -60M -114M 1,361M 363M 562M
Net Income 939M 1,042M 782M 1,018M 833M 523M 370M 358M 366M 345M 236M 365M 649M 739M 443M 607M 96M -2,492M 0M 966M
Net Income Margin 6.7% 7.6% 5.6% 7.5% 6.2% 4.2% 3.2% 3.0% 3.0% 2.8% 2.0% 3.0% 5.2% 5.9% 3.8% 5.3% 0.8% -22.5% 0.0% 6.7%
Depreciation & Amortization 944M 1,014M 973M 1,014M 1,005M 1,024M 990M 1,102M 1,206M 1,235M 1,271M 1,225M 1,164M 1,168M 1,305M 1,494M 1,527M 1,392M 1,280M 1,219M
EBITDA 2,073M 2,138M 2,047M 2,129M 1,806M 1,555M 1,314M 1,521M 1,691M 1,828M 1,634M 1,702M 2,048M 2,126M 2,033M 2,187M 2,185M 735M 1,550M 2,595M
EBITDA Margin 14.7% 15.7% 14.7% 15.7% 13.5% 12.6% 11.3% 12.7% 13.7% 14.7% 14.0% 14.1% 16.3% 17.1% 17.3% 18.9% 17.8% 6.6% 12.3% 18.0%
NOPAT 858M 1,003M 698M 974M 639M 377M 211M 267M 301M 325M 224M 344M 663M 794M 626M 770M 520M -519M 0M 870M
NOPAT Margin 6.1% 7.4% 5.0% 7.2% 4.8% 3.1% 1.8% 2.2% 2.4% 2.6% 1.9% 2.9% 5.3% 6.4% 5.3% 6.7% 4.2% -4.7% 0.0% 6.0%
Owner's Earnings 1,883M 2,056M 855M 1,468M 1,603M 1,087M -8M -255M 1,273M 892M 458M 515M 640M 1,441M 1,322M 1,852M 1,305M -3,261M -1,495M -967M
Owner's Earnings Margin 13.4% 15.1% 6.1% 10.8% 12.0% 8.8% -0.1% -2.1% 10.3% 7.2% 3.9% 4.3% 5.1% 11.6% 11.2% 16.0% 10.7% -29.4% -11.9% -6.7%
EPS (Basic) 202.44 234.51 181.47 227.59 181.96 114.46 80.81 77.68 77.03 72.51 49.60 76.45 129.80 137.75 82.60 113.10 17.95 -464.38 0.05 179.95
EPS (Diluted) 216.20 232.95 181.47 227.59 181.96 114.27 80.80 77.68 77.03 72.51 49.59 76.46 135.24 137.75 82.58 113.09 17.93 -464.38 0.03 179.97
Shares (Basic) 4M 4M 4M 4M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M
Shares (Diluted) 4M 4M 4M 4M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M

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 6,107.00M 6,398.00M 6,398.00M 6,690.00M 5,784.00M 4,452.11M 3,628.33M 3,306.66M 4,248.55M 3,171.34M 1,642.09M 1,688.49M 2,384.25M 3,338.77M 2,269.52M 2,100.48M 2,877.26M 2,032.93M 1,910.88M 2,006.69M
Short-Term Investments 0.00M 0.00M 0.00M 22.00M 0.00M 0.00M 0.00M 0.00M 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 6,107.00M 6,398.00M 6,398.00M 6,712.00M 5,784.00M 4,452.11M 3,628.33M 3,306.66M 4,248.55M 3,171.34M 1,642.09M 1,688.49M 2,384.25M 3,338.77M 2,269.52M 2,100.48M 2,877.26M 2,032.93M 1,910.88M 2,006.69M
Net Receivables 4,807.00M 4,848.00M 4,848.00M 4,603.00M 4,383.00M 4,411.00M 3,975.27M 4,194.82M 4,440.72M 4,813.45M 4,614.65M 0.00M 4,604.10M 4,325.39M 4,636.11M 0.00M 4,333.76M 4,282.98M 4,617.56M 5,825.24M
Inventory 3,626.00M 3,581.00M 3,581.00M 3,706.00M 3,463.00M 3,233.81M 3,406.09M 3,362.83M 3,353.09M 3,227.67M 3,250.29M 3,264.61M 3,244.71M 3,133.86M 3,316.19M 3,160.18M 2,639.61M 3,088.95M 3,576.14M 2,996.67M
Other Current Assets 220.00M 164.00M 164.00M 220.00M 183.00M 116.32M 136.27M 144.56M 125.26M 128.72M 388.75M 379.75M 420.10M 350.39M 289.44M 253.27M 319.86M 268.36M 475.44M 470.78M
Total Current Assets 14,760.00M 14,991.00M 14,991.00M 15,241.00M 13,813.00M 12,213.24M 11,145.96M 11,008.86M 12,167.63M 11,341.18M 9,895.77M 5,332.85M 10,653.15M 11,148.41M 10,511.26M 5,513.93M 10,170.49M 9,673.23M 10,580.02M 11,299.38M
Property, Plant & Equipment 8,760.00M 8,448.00M 8,448.00M 8,529.00M 8,997.00M 9,655.73M 10,246.20M 9,845.03M 9,312.92M 9,948.66M 10,896.53M 11,690.06M 11,992.17M 11,977.56M 12,632.40M 13,511.05M 14,650.90M 15,861.70M 15,511.13M 13,904.28M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.09M 0.14M 0.92M 0.86M 0.32M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 489.00M 273.00M 273.00M 123.00M 74.00M 88.00M 132.00M 176.00M 201.00M 116.00M 96.03M 115.55M 123.66M 35.41M 47.00M 97.05M 163.41M 215.36M 232.29M 165.73M
Long-Term Investments 5,596.00M 5,682.00M 5,682.00M 5,280.00M 3,687.00M 3,700.00M 3,700.86M 3,152.27M 3,899.00M 4,376.34M 3,994.85M 3,331.08M 3,968.27M 3,377.19M 2,928.00M 2,510.16M 2,475.98M 2,881.09M 2,770.22M 4,372.54M
Tax Assets 25.00M 27.00M 27.00M 25.00M 30.00M 31.85M 24.09M 30.63M 42.55M 24.88M 27.92M 22.03M 26.95M 24.34M 23.44M 22.71M 21.70M 16.96M 15.96M 20.97M
Other Non-Current Assets 45.00M 45.00M 45.00M 44.00M 40.00M 43.48M 44.38M 42.64M 0.09M 48.93M 53.27M 55.83M 58.74M 51.04M 51.74M 52.66M 63.43M 72.59M 79.14M 95.13M
Other Assets 0.00M 0.00M 2.00M 1.00M 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
Total Non-Current Assets 14,915.00M 14,475.00M 14,477.00M 14,002.00M 12,830.00M 13,519.15M 14,147.68M 13,247.47M 13,456.42M 14,515.12M 15,068.60M 15,214.54M 16,169.79M 15,465.53M 15,682.58M 16,193.63M 17,375.42M 19,047.70M 18,608.72M 18,558.66M
Total Assets 29,675.00M 29,466.00M 29,468.00M 29,243.00M 26,643.00M 25,732.39M 25,293.63M 24,256.34M 25,624.04M 25,856.30M 24,964.37M 20,547.39M 26,822.95M 26,613.94M 26,193.84M 21,707.57M 27,545.91M 28,720.93M 29,188.75M 29,858.04M
Accounts Payable 688.00M 714.00M 714.00M 811.00M 602.00M 376.00M 359.27M 370.18M 534.31M 593.10M 429.32M 622.88M 591.63M 562.02M 659.70M 699.72M 565.46M 576.52M 1,576.15M 1,750.66M
Short-Term Debt 888.00M 860.00M 860.00M 860.00M 860.00M 860.00M 860.00M 860.00M 860.00M 860.00M 360.00M 472.69M 504.32M 660.55M 817.38M 784.28M 1,950.33M 4,033.54M 3,762.39M 2,242.36M
Tax Payables 0.00M 0.00M 0.00M 308.00M 146.00M 269.74M 162.67M 127.91M 121.32M 196.25M 191.95M 8.41M 314.64M 81.39M 66.62M 84.06M 82.17M 41.44M 129.13M 192.85M
Deferred Revenue 0.00M 103.00M 103.00M 0.00M 658.00M 713.08M 466.99M 436.59M 460.74M 507.87M 483.47M 307.84M 662.84M 429.70M 376.11M 382.90M 629.75M 306.54M 472.56M 614.96M
Other Current Liabilities 1,732.00M 1,048.00M 1,048.00M 1,262.00M 371.00M 215.73M 333.20M 379.36M 1,182.32M 973.24M 779.63M 691.01M 862.01M 693.81M 799.40M 887.71M 1,259.80M 700.25M 77.79M 68.39M
Total Current Liabilities 3,308.00M 2,725.00M 2,725.00M 3,241.00M 2,637.00M 2,434.55M 2,182.12M 2,174.04M 3,158.68M 3,130.46M 2,244.36M 2,102.83M 2,935.45M 2,427.47M 2,719.22M 2,838.67M 4,487.51M 5,658.30M 6,018.02M 4,869.22M
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 -2,650.75M -2,613.96M 105.00M 365.00M 625.00M 885.00M 1,145.00M 1,300.00M
Capital Lease Obligations 86.00M 65.00M 65.00M 49.00M 81.00M 119.07M 168.73M 204.74M 202.67M 136.02M 563.34M 1,416.64M 1,807.10M 2,142.74M 2,495.62M 2,848.20M 3,105.61M 1,929.92M 39.70M 0.00M
Deferred Tax Liabilities 789.00M 731.00M 731.00M 652.00M 521.00M 591.39M 750.81M 515.52M 752.41M 1,128.10M 1,053.10M 916.70M 1,244.98M 1,306.09M 1,227.09M 1,184.58M 1,474.18M 1,639.06M 568.78M 1,019.95M
Other Non-Current Liabilities 2,961.00M 3,000.00M 3,000.00M 3,461.00M 3,421.00M 3,398.00M 3,387.53M 75.58M 67.27M 64.55M 63.47M 62.45M 118.25M 117.63M 116.85M 131.38M 130.42M 106.58M 0.45M 0.45M
Total Non-Current Liabilities 3,836.00M 3,796.00M 3,796.00M 4,162.00M 4,023.00M 4,108.46M 4,307.07M 795.84M 1,022.35M 1,328.67M 1,679.91M 2,395.79M 519.58M 952.49M 3,944.56M 4,529.16M 5,335.21M 4,560.57M 1,753.93M 2,320.40M
Total Liabilities 7,144.00M 6,521.00M 6,521.00M 7,403.00M 6,660.00M 6,543.01M 6,489.19M 2,969.88M 4,181.03M 4,459.12M 3,924.27M 4,498.63M 3,455.03M 3,379.96M 6,663.78M 7,367.82M 9,822.72M 10,218.86M 7,771.95M 7,189.62M
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 0.00M
Common Stock 3,594.00M 3,594.00M 3,594.00M 3,594.00M 3,594.00M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M 3,594.80M
Retained Earnings 13,847.00M 13,714.00M 13,714.00M 13,269.00M 12,593.00M 12,040.18M 11,902.96M 11,813.14M 11,739.96M 11,661.89M 11,602.61M 11,652.29M 11,574.35M 12,686.13M 12,162.07M 11,906.95M 11,407.62M 11,419.00M 13,992.18M 14,274.54M
Accumulated OCI 3,628.00M 3,752.00M 3,752.00M 3,047.00M 1,620.00M 1,431.15M 1,306.14M 668.27M 1,113.08M 1,420.88M 936.55M 379.51M 1,169.00M 564.00M 340.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 4.00M 4.00M 4.00M 4.00M 19.00M 16.55M 15.08M 14.32M 14.45M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 21,069.00M 21,060.00M 21,060.00M 19,910.00M 17,807.00M 17,066.13M 16,803.90M 16,076.21M 16,447.84M 16,677.57M 16,133.96M 15,626.60M 16,338.15M 16,844.93M 16,096.87M 15,501.75M 15,002.43M 15,013.80M 17,586.99M 17,869.34M
Total Equity 21,073.00M 21,064.00M 21,064.00M 19,914.00M 17,826.00M 17,082.68M 16,818.98M 16,090.53M 16,462.29M 16,677.57M 16,133.96M 15,626.60M 16,338.15M 16,844.93M 16,096.87M 15,501.75M 15,002.43M 15,013.80M 17,586.99M 17,869.34M
Total Liabilities & Equity 28,217.00M 27,585.00M 27,585.00M 27,317.00M 24,486.00M 23,625.70M 23,308.17M 19,060.41M 20,643.32M 21,136.69M 20,058.23M 20,125.23M 19,793.18M 20,224.88M 22,760.65M 22,869.58M 24,825.14M 25,232.67M 25,358.93M 25,058.96M
Tangible Assets 29,186.00M 29,193.00M 29,195.00M 29,120.00M 26,569.00M 25,644.31M 25,161.49M 24,079.42M 25,422.18M 25,739.98M 24,868.34M 20,431.84M 26,699.28M 26,578.53M 26,146.84M 21,610.52M 27,382.50M 28,505.57M 28,956.46M 29,692.31M
Tangible Equity 20,584.00M 20,791.00M 20,791.00M 19,791.00M 17,752.00M 16,994.60M 16,686.84M 15,913.62M 16,260.43M 16,561.26M 16,037.92M 15,511.05M 16,214.49M 16,809.52M 16,049.87M 15,404.70M 14,839.02M 14,798.45M 17,354.70M 17,703.61M
Tangible Book Value 20,584.00M 20,791.00M 20,791.00M 19,791.00M 17,752.00M 16,994.60M 16,686.84M 15,913.62M 16,260.43M 16,561.26M 16,037.92M 15,511.05M 16,214.49M 16,809.52M 16,049.87M 15,404.70M 14,839.02M 14,798.45M 17,354.70M 17,703.61M
Total Investments 5,596.00M 5,682.00M 5,682.00M 5,280.00M 3,687.00M 3,700.00M 3,700.86M 3,152.27M 3,899.00M 4,376.34M 3,994.85M 3,331.08M 3,968.27M 3,377.19M 2,928.00M 2,510.16M 2,475.98M 2,881.09M 2,770.22M 4,372.54M
Net Debt -5,219.00M -5,538.00M -5,538.00M -5,830.00M -4,924.00M -3,592.11M -2,768.33M -2,446.66M -3,388.55M -2,311.34M -1,282.09M -1,215.80M -4,530.67M -5,292.19M -1,347.15M -951.20M -301.93M 2,885.61M 2,996.51M 1,535.68M

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 11,169.0M 11,566.0M 11,566.0M 11,487.0M 10,654.0M 9,293.9M 8,593.6M 8,463.0M 9,078.5M 8,570.3M 7,350.8M 6,978.1M 7,637.1M 8,429.1M 7,485.0M 6,942.2M 5,969.7M 3,859.5M 4,682.1M 6,623.0M
Total Capital 23,243.0M 23,186.0M 23,186.0M 22,260.0M 20,435.0M 19,730.6M 19,513.8M 18,813.5M 19,483.3M 19,647.5M 19,032.1M 19,491.4M 20,705.5M 20,903.7M 20,775.4M 20,703.0M 21,877.2M 23,326.8M 23,937.5M 23,671.3M
Capital Employed 26,084.0M 26,041.0M 26,041.0M 25,488.0M 23,484.0M 22,813.0M 22,741.3M 21,710.4M 22,534.9M 23,085.4M 22,419.4M 22,192.7M 23,806.8M 23,894.6M 23,167.6M 23,135.8M 23,345.1M 22,907.2M 23,290.8M 25,181.7M
Invested Capital 17,136.0M 16,788.0M 16,788.0M 15,570.0M 14,651.0M 15,278.5M 15,885.4M 15,506.8M 15,234.7M 16,476.2M 17,390.0M 17,802.9M 18,321.2M 17,565.0M 18,505.9M 18,602.5M 18,999.9M 21,293.9M 22,026.6M 21,664.6M

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 867.00M 1,042.00M 782.00M 1,018.00M 1,045.00M 737.75M 567.81M 563.68M 607.21M 629.33M 381.89M 506.13M 864.99M 890.87M 514.98M 546.81M -17.40M -1,131.42M 363.11M 1,527.84M
Depreciation & Amortization 0.00M 508.00M 973.00M 1,014.00M 1,005.00M 1,023.60M 990.32M 1,102.06M 1,206.08M 1,235.03M 1,271.23M 1,225.10M 1,163.95M 1,168.09M 1,305.03M 1,493.55M 1,526.83M 1,391.79M 1,280.49M 1,219.41M
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 -237.00M -255.00M 141.00M 73.48M 295.92M -80.24M 151.61M 288.27M -139.03M -155.30M -176.13M 365.88M -263.37M -517.76M 358.52M 828.08M 31.39M 322.41M
Accounts Receivable 0.00M 0.00M -217.00M -115.00M 102.00M -334.00M 277.00M 216.00M 350.00M -160.61M -83.49M -5.04M -292.00M 444.00M -28.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 120.00M -177.00M -183.00M 217.30M -33.56M -22.04M -95.25M -18.08M 9.76M -81.53M 37.00M 256.93M -66.00M -527.32M 383.31M 456.35M -592.42M -227.58M
Accounts Payable 0.00M 0.00M -98.00M 118.00M 157.00M -42.09M -49.89M -140.17M -53.36M 149.26M -161.58M 74.28M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 0.00M -42.00M -81.00M 65.00M 232.27M 102.36M -134.02M -49.78M 306.35M -148.79M -73.76M -213.13M 108.95M -197.38M 9.55M -24.79M 371.73M 623.81M 549.99M
Other Non-Cash Items -867.00M -534.00M -117.00M 215.00M -462.00M -254.59M -137.67M -135.37M -149.30M -99.55M 198.27M -446.79M -107.57M -51.46M -192.29M -244.90M 564.20M -649.52M -523.42M -764.23M
Net Cash from Operating Activities 0.00M 1,016.00M 1,401.00M 1,992.00M 1,729.00M 1,580.25M 1,716.38M 1,450.14M 1,815.60M 2,053.08M 1,712.36M 1,129.15M 1,745.25M 2,373.39M 1,364.35M 1,277.70M 2,432.16M 438.92M 1,151.57M 2,305.44M
Capital Expenditures (PPE) 0.00M 0.00M -1,074.00M -564.00M -235.00M -459.44M -1,368.04M -1,715.38M -299.30M -687.60M -1,048.99M -1,075.17M -1,172.05M -465.93M -426.55M -248.42M -317.62M -2,161.01M -2,775.38M -3,152.30M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3.40M 0.00M 0.00M 55.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M -74.00M -147.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 30.00M 194.00M 132.00M 1.58M 350.79M 53.22M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 510.65M 236.10M
Other Investing Activities 0.00M 0.00M -1.00M -3.00M 0.00M 0.72M -5.76M -3.65M -6.10M 1.47M 0.09M 56.20M 2.73M 1.09M 1.82M -1.65M 5.38M 2.78M 11.46M 14.30M
Net Cash from Investing Activities 0.00M 0.00M -1,119.00M -520.00M -103.00M -457.15M -1,023.00M -1,665.81M -302.01M -686.13M -1,048.91M -1,018.97M -1,169.31M -464.84M -424.72M -250.06M -312.24M -2,158.24M -2,253.27M -2,901.91M
Net Debt Issuance 0.00M 0.00M -35.00M -55.00M -90.00M -83.68M -115.89M 0.00M 0.00M 500.00M -112.20M -22.54M -581.76M -280.58M -250.60M -1,423.25M -1,137.63M 18.98M 1,368.56M 1,257.42M
Long-Term Debt Issuance 0.00M 0.00M -35.00M -55.00M -90.00M -83.68M -115.89M 0.00M 0.00M 0.00M 0.00M 0.00M -105.00M -260.00M -260.00M -516.85M 912.26M -155.00M 0.00M 1,300.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 500.00M -112.20M -22.54M -84.19M -20.58M 9.40M -1,163.25M -2,049.89M 173.98M 1,368.56M -42.59M
Net Stock Issuance 0.00M 0.00M -251.00M -269.00M 0.00M -0.26M -0.34M -302.68M -1.20M -0.89M -0.66M -80.00M -757.18M -5.00M -0.55M -0.45M -0.49M -0.68M -2.27M -3.43M
Common Stock Issuance 0.00M 0.00M 0.00M 118.00M 0.00M 0.00M 0.10M 0.00M 157.25M 0.00M 0.00M 0.00M 0.00M 0.11M 0.00M 0.00M 0.29M 0.48M 1.14M 1.63M
Common Stock Repurchased 0.00M 0.00M -251.00M -387.00M 0.00M -0.26M -0.44M -302.68M -158.44M -0.89M -0.66M -80.08M -757.18M -5.12M -0.55M -0.45M -0.79M -1.16M -3.41M -5.06M
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 0.08M 0.00M 0.02M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M -336.00M -348.00M -279.00M -279.61M -279.63M -290.30M -287.46M -284.80M -284.80M -286.24M -202.96M -213.75M -187.72M -107.80M -107.78M -81.18M -281.60M -227.86M
Common Dividends Paid 0.00M 0.00M -336.00M -348.00M -279.00M -279.61M -279.63M -290.30M -287.46M -284.80M -284.80M -286.24M -202.96M -213.75M -187.72M -107.80M -107.78M -81.18M -281.60M -227.86M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.61M 0.00M 0.00M 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 -116.93M -179.93M -61.31M -293.60M -409.18M 0.00M -400.39M -365.11M -256.85M 0.00M 1,890.54M -5.38M 0.00M
Net Cash from Financing Activities 0.00M 0.00M -622.00M -672.00M -369.00M -363.55M -395.86M -709.92M -465.19M 153.00M -691.25M -797.95M -1,541.90M -899.72M -803.97M -1,788.34M -1,245.91M 1,827.67M 1,079.31M 1,026.13M
Effect of FX on Cash 0.00M 0.00M 18.00M 125.00M 73.00M 61.48M 21.35M -19.50M 21.38M 9.29M -18.60M -7.98M 11.44M 60.42M 33.39M -16.07M -29.68M 13.70M -73.42M 4.18M
Net Change in Cash 0.00M 134.00M -322.00M 925.00M 1,330.00M 821.04M 318.86M -945.09M 1,069.78M 1,529.25M -46.40M -695.76M -954.53M 1,069.25M 169.04M -776.78M 844.33M 122.06M -95.81M 433.84M
Cash at Beginning of Period 0.00M 18,157.00M 6,690.00M 5,766.00M 4,435.00M 3,614.89M 3,296.03M 4,241.13M 3,171.34M 1,642.09M 1,688.49M 2,384.25M 3,338.77M 2,269.52M 2,100.48M 2,877.26M 2,032.93M 1,910.88M 2,006.69M 1,572.84M
Cash at End of Period 0.00M 18,890.00M 6,398.00M 6,690.00M 5,765.00M 4,435.93M 3,614.89M 3,296.03M 4,241.13M 3,171.34M 1,642.09M 1,688.49M 2,384.25M 3,338.77M 2,269.52M 2,100.48M 2,877.26M 2,032.93M 1,910.88M 2,006.69M
Operating Cash Flow 0.00M 1,016.00M 1,401.00M 1,992.00M 1,729.00M 1,580.25M 1,716.38M 1,450.14M 1,815.60M 2,053.08M 1,712.36M 1,129.15M 1,745.25M 2,373.39M 1,364.35M 1,277.70M 2,432.16M 438.92M 1,151.57M 2,305.44M
Capital Expenditure 0.00M 0.00M -900.00M -564.00M -235.00M -459.44M -1,368.04M -1,715.38M -299.30M -687.60M -1,048.99M -1,075.17M -1,172.05M -465.93M -426.55M -248.42M -317.62M -2,161.01M -2,775.38M -3,152.30M
Free Cash Flow 0.00M 1,016.00M 501.00M 1,428.00M 1,494.00M 1,120.81M 348.33M -265.25M 1,516.30M 1,365.48M 663.36M 53.98M 573.21M 1,907.46M 937.80M 1,029.28M 2,114.54M -1,722.09M -1,623.81M -846.86M

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 1,748.50M 2,051.50M 2,047.00M 1,922.00M 1,598.00M 1,368.30M 1,111.05M 1,312.85M 1,458.56M 1,915.68M 1,711.56M 1,777.95M 1,660.40M 1,842.03M 1,818.27M 5,573.94M 5,565.74M 4,311.47M 5,811.01M 7,125.05M
(-) Tax Adjustment 419.81M 220.25M 716.36M 243.16M 322.66M 395.93M 387.13M 459.50M 510.49M 670.49M 599.05M 496.90M 415.40M 314.45M 254.06M 0.00M 1,948.01M 0.00M 2,033.85M 2,493.77M
(-) Change In Working Capital 0.00M 0.00M -237.00M -255.00M 141.00M 73.48M 295.92M -80.24M 151.61M 288.27M -139.03M -155.30M -176.13M 365.88M -263.37M -517.76M 358.52M 828.08M 31.39M 322.41M
(-) Capital Expenditure 0.00M 0.00M -900.00M -564.00M -235.00M -459.44M -1,368.04M -1,715.38M -299.30M -687.60M -1,048.99M -1,075.17M -1,172.05M -465.93M -426.55M -248.42M -317.62M -2,161.01M -2,775.38M -3,152.30M
Unlevered Free Cash Flow 1,328.69M 1,831.25M 667.64M 1,369.84M 899.34M 439.45M -940.04M -781.79M 497.14M 269.32M 202.55M 361.18M 249.09M 695.77M 1,401.04M 5,843.29M 2,941.60M 1,322.37M 970.38M 1,156.57M
(-) Net Interest Income After Taxes 123.10M 105.33M 87.11M 93.46M 83.80M 65.38M 60.06M 56.90M 53.42M 49.89M -26.96M -49.98M -63.84M -86.11M -104.23M -143.24M -104.16M -116.83M -47.28M -42.01M
Net Debt Issuance 0.00M 0.00M -35.00M -55.00M -90.00M -83.68M -115.89M 0.00M 0.00M 500.00M -112.20M -22.54M -581.76M -280.58M -250.60M -1,423.25M -1,137.63M 18.98M 1,368.56M 1,257.42M
Levered Free Cash Flow 1,205.59M 1,725.92M 545.53M 1,221.37M 725.54M 290.39M -1,116.00M -838.69M 443.73M 719.43M 117.30M 388.62M -268.83M 501.30M 1,254.67M 4,563.28M 1,908.12M 1,458.18M 2,386.22M 2,455.99M