Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Periods / Units / Analysis

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Ticker

Industry

Sector

Page: Company Financials

China Railway Tielong Container Logistics Co., Ltd

Ticker: 600125.SS | Industry: Railroads | Sector: Industrials
$6.58 +0.10 (1.54%)
As of: 2026-01-28

Master Data Export

Enterprise Value

Metric 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
Stock Price 5.89 6.00 6.02 5.27 5.18 5.38 6.85 8.22 10.43 7.05 11.10 6.27 5.83 7.77 10.47 9.79 6.40 4.79 8.01 3.45 2.20 1.79 1.46 2.02 2.49 2.82 3.25 2.09
Market Capitalization 7,692.38M 7,831.61M 7,859.24M 6,858.44M 6,735.81M 7,017.29M 8,925.73M 10,719.56M 13,588.42M 9,198.06M 14,422.34M 8,137.52M 7,601.70M 10,104.41M 13,657.38M 12,051.16M 8,340.52M 5,900.15M 8,741.27M 3,500.61M 2,052.03M 1,663.05M 1,362.58M 1,884.32M 2,318.44M 2,627.29M 3,028.62M 1,945.97M
(-) Cash & Equivalents 2,018.22M 1,826.04M 1,601.10M 1,907.61M 1,367.47M 1,403.49M 932.22M 1,022.82M 714.00M 697.71M 717.47M 599.73M 457.31M 616.92M 664.47M 762.15M 768.07M 754.68M 382.12M 221.91M 97.67M 155.46M 139.48M 59.11M 38.61M 45.10M 78.99M 66.17M
(+) Total Debt 60.85M 644.41M 858.77M 1,149.43M 1,268.16M 1,385.45M 1,145.07M 1,226.16M 854.44M 804.25M 896.60M 833.62M 201.25M 25.00M 0.00M 0.00M 0.00M 215.00M 380.00M 745.00M 171.25M 2.50M 159.50M 192.50M 129.90M 212.56M 292.16M 157.06M
Enterprise Value 5,735.01M 6,649.98M 7,116.91M 6,100.26M 6,636.50M 6,999.25M 9,138.58M 10,922.89M 13,728.86M 9,304.60M 14,601.48M 8,371.41M 7,345.64M 9,512.50M 12,992.91M 11,289.01M 7,572.44M 5,360.47M 8,739.14M 4,023.69M 2,125.61M 1,510.09M 1,382.61M 2,017.71M 2,409.73M 2,794.74M 3,241.79M 2,036.86M

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
Revenue 11,475M 14,163M 13,015M 14,693M 12,002M 17,894M 15,167M 16,368M 15,638M 11,684M 6,312M 6,316M 5,906M 4,281M 4,114M 2,829M 2,131M 1,521M 1,523M 1,580M 820M 504M 445M 363M 321M 349M 305M 278M 163M 196M 180M 150M
Cost of Revenue 10,553M 13,201M 12,190M 13,808M 11,303M 17,138M 14,379M 15,372M 14,646M 11,020M 5,829M 5,798M 5,342M 3,616M 3,429M 2,129M 1,441M 978M 995M 1,010M 466M 268M 245M 190M 152M 149M 142M 166M 94M 141M 119M 100M
Gross Profit 922M 962M 825M 885M 699M 756M 789M 997M 992M 663M 484M 518M 564M 664M 685M 700M 690M 543M 528M 570M 354M 236M 200M 174M 169M 200M 163M 112M 69M 55M 61M 51M
Gross Profit Margin 8.0% 6.8% 6.3% 6.0% 5.8% 4.2% 5.2% 6.1% 6.3% 5.7% 7.7% 8.2% 9.5% 15.5% 16.7% 24.7% 32.4% 35.7% 34.7% 36.1% 43.1% 46.9% 45.0% 47.8% 52.7% 57.4% 53.4% 40.2% 42.4% 27.9% 34.0% 33.7%
R&D Expenses 4M 9M 4M 9M 12M 5M 4M 2M 0M 0M 0M 0M 0M 4M 4M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 203M 200M 205M 199M 205M 201M 176M 334M 252M 170M 146M 114M 91M 88M 86M 50M 47M 74M 76M 80M 70M 71M 69M 57M 62M 95M 43M 24M 21M 12M 11M 8M
Operating Expenses 161M 348M 243M 223M 222M 267M 204M 371M 302M 219M 169M 160M 148M 129M 99M 173M 143M 115M 133M 152M 112M 90M 83M 72M 74M 115M 64M 29M 26M 16M 16M 8M
Operating Income (EBIT) 761M 614M 582M 662M 477M 488M 584M 626M 691M 444M 315M 358M 416M 536M 586M 527M 547M 429M 395M 418M 241M 146M 117M 102M 95M 86M 100M 82M 43M 39M 45M 42M
Operating Income Margin 6.6% 4.3% 4.5% 4.5% 4.0% 2.7% 3.9% 3.8% 4.4% 3.8% 5.0% 5.7% 7.0% 12.5% 14.2% 18.6% 25.7% 28.2% 25.9% 26.5% 29.4% 29.0% 26.3% 28.0% 29.5% 24.6% 32.6% 29.6% 26.7% 19.9% 25.1% 28.1%
Interest Income 19M 26M 26M 28M 35M 22M 23M 16M 27M 21M 29M 29M 18M 5M 9M 4M 7M 7M 8M 0M 1M 1M 1M 1M 0M 1M 1M 0M 0M 0M 0M 1M
Interest Expense 25M 29M 29M 32M 47M 50M 49M 41M 49M 32M 43M 50M 51M 10M 3M 1M 0M 1M 16M 15M 10M 3M 0M 9M 13M 13M 14M 17M 3M 1M 0M 0M
Net Interest Income -6M -3M -3M -5M -12M -28M -26M -25M -21M -11M -14M -21M -33M -5M 5M 3M 7M 6M -8M -15M -9M -3M 1M -8M -12M -13M -13M -17M -3M -1M 0M 1M
Unusual Items 1M 3M 4M 5M 12M 30M 12M 25M 23M 16M 29M 37M 63M 13M 4M 95M 46M 36M 4M 3M 6M 0M 2M 7M 1M 10M 7M 3M 7M 8M 0M 0M
EBT Excluding Unusual Items 754M 612M 579M 657M 465M 460M 558M 601M 669M 433M 300M 337M 383M 530M 591M 530M 554M 435M 387M 403M 232M 143M 118M 94M 82M 73M 86M 66M 40M 37M 45M 43M
Pre-Tax Income 755M 615M 583M 662M 477M 490M 570M 626M 693M 449M 330M 374M 447M 544M 596M 625M 599M 471M 390M 406M 238M 144M 120M 101M 83M 83M 94M 69M 47M 45M 45M 43M
Pre-Tax Margin 6.6% 4.3% 4.5% 4.5% 4.0% 2.7% 3.8% 3.8% 4.4% 3.8% 5.2% 5.9% 7.6% 12.7% 14.5% 22.1% 28.1% 31.0% 25.6% 25.7% 29.1% 28.5% 27.0% 27.8% 26.0% 23.7% 30.6% 24.9% 29.0% 23.1% 24.9% 28.3%
Income Tax Expense 223M 204M 201M 190M 135M 150M 168M 172M 184M 121M 87M 94M 106M 122M 133M 121M 123M 121M 95M 124M 57M 31M 24M 19M 18M 23M 20M 14M 9M 15M 15M 13M
Net Income 534M 410M 382M 471M 337M 337M 401M 455M 508M 331M 242M 281M 342M 421M 462M 504M 476M 349M 295M 281M 181M 113M 96M 82M 65M 60M 72M 54M 38M 31M 30M 29M
Net Income Margin 4.7% 2.9% 2.9% 3.2% 2.8% 1.9% 2.6% 2.8% 3.2% 2.8% 3.8% 4.5% 5.8% 9.8% 11.2% 17.8% 22.4% 22.9% 19.3% 17.8% 22.1% 22.3% 21.5% 22.5% 20.4% 17.2% 23.4% 19.6% 23.5% 15.6% 16.7% 19.4%
Depreciation & Amortization 313M 388M 408M 384M 361M 354M 339M 313M 272M 213M 186M 161M 178M 172M 162M 162M 162M 164M 160M 143M 126M 51M 35M 27M 27M 26M 23M 18M 12M -7M 0M 0M
EBITDA 1,073M 1,002M 990M 1,045M 837M 842M 924M 939M 963M 657M 500M 519M 594M 707M 748M 689M 708M 593M 555M 561M 367M 197M 152M 129M 121M 112M 123M 100M 56M 32M 45M 42M
EBITDA Margin 9.4% 7.1% 7.6% 7.1% 7.0% 4.7% 6.1% 5.7% 6.2% 5.6% 7.9% 8.2% 10.1% 16.5% 18.2% 24.4% 33.2% 39.0% 36.5% 35.5% 44.8% 39.0% 34.1% 35.5% 37.9% 32.1% 40.2% 36.0% 34.2% 16.3% 25.3% 28.1%
NOPAT 536M 410M 381M 472M 342M 339M 412M 454M 507M 325M 231M 268M 318M 415M 455M 425M 435M 319M 299M 291M 184M 115M 93M 82M 74M 62M 78M 65M 35M 26M 30M 29M
NOPAT Margin 4.7% 2.9% 2.9% 3.2% 2.9% 1.9% 2.7% 2.8% 3.2% 2.8% 3.7% 4.2% 5.4% 9.7% 11.1% 15.0% 20.4% 20.9% 19.6% 18.4% 22.4% 22.8% 21.0% 22.6% 23.1% 17.7% 25.6% 23.4% 21.6% 13.4% 16.8% 19.2%
Owner's Earnings 657M 601M 610M 689M 581M 550M 567M 323M -56M 159M 146M 188M -82M 80M 109M 394M 483M 300M 142M 242M -155M -195M 68M 5M 60M 33M 26M -120M -62M 24M 30M 29M
Owner's Earnings Margin 5.7% 4.2% 4.7% 4.7% 4.8% 3.1% 3.7% 2.0% -0.4% 1.4% 2.3% 3.0% -1.4% 1.9% 2.7% 13.9% 22.7% 19.7% 9.3% 15.3% -19.0% -38.7% 15.3% 1.3% 18.8% 9.4% 8.4% -43.2% -38.3% 12.1% 16.8% 19.4%
EPS (Basic) 0.41 0.31 0.29 0.36 0.26 0.26 0.31 0.35 0.39 0.25 0.19 0.22 0.26 0.32 0.35 0.39 0.36 0.27 0.23 0.28 0.19 0.09 0.08 0.07 0.06 0.06 0.07 0.05 0.04 0.03 0.03 0.03
EPS (Diluted) 0.41 0.31 0.29 0.36 0.26 0.26 0.31 0.35 0.39 0.25 0.19 0.22 0.26 0.32 0.35 0.39 0.37 0.27 0.23 0.28 0.19 0.12 0.10 0.09 0.07 0.06 0.08 0.06 0.04 0.03 0.03 0.03
Shares (Basic) 1,306M 1,306M 1,303M 1,306M 1,306M 1,306M 1,306M 1,306M 1,306M 1,306M 1,306M 1,306M 1,304M 1,305M 1,305M 1,305M 1,305M 1,305M 1,307M 1,011M 933M 933M 933M 933M 933M 933M 933M 933M 933M 933M 933M 933M
Shares (Diluted) 1,306M 1,306M 1,306M 1,304M 1,306M 1,306M 1,306M 1,306M 1,306M 1,308M 1,306M 1,308M 1,304M 1,305M 1,305M 1,305M 1,305M 1,305M 1,307M 1,011M 933M 933M 933M 933M 933M 933M 933M 933M 933M 933M 933M 933M

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
Cash & Cash Equivalents 1,549.93M 2,338.06M 1,928.58M 1,624.58M 1,920.95M 1,609.64M 1,301.73M 1,264.77M 1,119.73M 720.63M 768.04M 1,034.53M 755.97M 424.08M 532.52M 720.40M 537.75M 940.18M 552.62M 915.21M 515.57M 61.48M 224.58M 161.53M 118.34M 71.25M 65.31M 75.66M 48.74M 39.66M 35.04M 22.45M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3.01M 19.45M 20.20M 0.00M 73.89M 100.00M 0.00M 0.00M 8.86M
Cash & Short-Term Investments 1,549.93M 2,338.06M 1,928.58M 1,624.58M 1,920.95M 1,609.64M 1,301.73M 1,264.77M 1,119.73M 720.63M 768.04M 1,034.53M 755.97M 424.08M 532.52M 720.40M 537.75M 940.18M 552.62M 915.21M 515.57M 61.48M 224.58M 164.53M 137.79M 91.45M 65.31M 149.56M 148.74M 39.66M 35.04M 31.31M
Net Receivables 745.61M 789.45M 828.01M 728.66M 754.23M 755.82M 336.19M 329.11M 294.58M 184.99M 106.47M 287.24M 182.96M 340.58M 74.41M 173.91M 141.80M 91.83M 118.15M 45.65M 54.68M 48.21M 52.38M 53.59M 53.47M 0.00M 1.07M 2.20M 20.58M 0.00M 113.38M 89.26M
Inventory 1,959.01M 1,995.75M 2,136.53M 2,317.53M 1,568.67M 1,555.59M 2,674.56M 3,019.69M 2,930.11M 3,382.62M 2,687.90M 2,335.27M 2,349.77M 1,900.07M 1,713.82M 1,397.22M 1,224.49M 447.10M 395.15M 505.16M 669.90M 362.97M 115.69M 145.08M 120.95M 101.05M 60.62M 65.84M 24.67M 31.23M 23.55M 14.13M
Other Current Assets 25.35M 34.71M 35.28M 36.95M 278.33M 244.85M 120.46M 225.11M 663.06M 522.44M 263.57M 521.52M 56.90M 88.04M 56.15M 17.73M 140.60M 86.14M 13.26M 49.92M 21.93M 12.03M 3.56M 0.08M 0.34M 63.83M 106.35M 129.70M 220.34M 111.24M 0.75M 1.11M
Total Current Assets 4,279.89M 5,157.97M 4,928.41M 4,707.73M 4,522.19M 4,165.90M 4,432.94M 4,838.68M 5,007.49M 4,810.67M 3,825.98M 4,178.56M 3,345.60M 2,752.76M 2,376.90M 2,309.26M 2,044.65M 1,565.25M 1,079.19M 1,515.94M 1,262.08M 484.69M 396.21M 363.28M 312.55M 256.34M 233.34M 347.29M 414.33M 182.13M 172.71M 135.81M
Property, Plant & Equipment 4,933.33M 4,998.41M 4,848.58M 4,628.50M 4,373.05M 4,389.49M 4,342.10M 4,277.52M 4,069.24M 3,147.26M 2,719.54M 2,769.19M 2,513.78M 2,038.82M 1,644.02M 1,523.68M 1,398.41M 1,440.55M 1,431.64M 1,240.56M 1,223.30M 896.14M 573.37M 555.13M 464.99M 464.53M 464.13M 440.35M 213.00M 149.80M 124.92M 56.02M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 224.34M 227.06M 232.51M 242.21M 251.77M 379.85M 381.97M 393.30M 390.60M 401.51M 408.33M 122.76M 50.53M 52.82M 47.97M 49.42M 58.78M 52.17M 55.72M 46.15M 17.79M 19.20M 26.88M 22.01M 23.34M 24.74M 35.89M 22.34M 8.49M 0.26M 0.10M 0.09M
Long-Term Investments 160.46M 191.71M 190.85M 191.85M 185.80M 172.43M 168.77M 127.03M 83.85M 91.03M 85.56M 89.46M 74.83M 89.36M 107.24M 100.79M 0.00M 0.00M 75.16M 0.00M 0.00M 0.00M 0.00M 50.28M 34.14M 38.95M 0.00M -58.43M -76.28M 0.00M 0.00M 0.00M
Tax Assets 40.25M 40.88M 40.68M 37.49M 36.77M 9.64M 6.86M 10.93M 31.58M 25.11M 16.59M 14.55M 13.16M 13.41M 7.90M 8.84M 10.83M 12.37M 8.37M 14.50M 0.00M 0.00M 0.00M 10.82M 29.05M 28.70M 0.00M 62.54M 101.20M 0.00M 0.00M 0.00M
Other Non-Current Assets 24.47M 26.13M 30.17M 41.32M 42.39M -0.01M -0.05M -0.47M -0.48M -0.48M -0.79M -0.17M -0.17M -1.12M -4.35M -2.41M 79.87M 64.06M -13.64M 48.84M 48.24M 49.81M 60.39M -0.47M -0.01M -0.69M 44.52M 15.48M 1.46M 13.05M 12.73M 14.77M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 5,382.85M 5,484.18M 5,342.78M 5,141.36M 4,889.78M 4,951.39M 4,899.65M 4,808.31M 4,574.79M 3,664.43M 3,229.23M 2,995.78M 2,652.14M 2,193.29M 1,802.78M 1,680.32M 1,547.88M 1,569.15M 1,557.26M 1,350.06M 1,289.33M 965.14M 660.65M 637.76M 551.51M 556.23M 544.54M 482.27M 247.88M 163.11M 137.75M 70.88M
Total Assets 9,662.74M 10,642.16M 10,271.19M 9,849.09M 9,411.97M 9,117.30M 9,332.59M 9,646.99M 9,582.27M 8,475.10M 7,055.22M 7,174.34M 5,997.74M 4,946.06M 4,179.68M 3,989.59M 3,592.53M 3,134.40M 2,636.45M 2,866.00M 2,551.41M 1,449.83M 1,056.86M 1,001.04M 864.07M 812.57M 777.88M 829.57M 662.21M 345.24M 310.47M 206.70M
Accounts Payable 502.32M 652.13M 919.83M 1,251.39M 887.74M 595.90M 796.67M 692.01M 867.33M 1,306.04M 931.12M 689.18M 755.40M 327.33M 352.28M 150.87M 72.46M 64.57M 48.67M 48.42M 20.96M 17.20M 9.87M 10.10M 13.64M 27.73M 25.27M 42.35M 24.15M 15.83M 13.57M 8.85M
Short-Term Debt 51.88M 0.00M 782.04M 0.00M 0.00M 0.00M 0.00M 0.00M 285.00M 858.71M 0.00M 0.00M 0.00M 375.00M 0.00M 0.00M 0.00M 0.00M 40.00M 280.00M 585.00M 265.00M 0.00M 70.00M 195.00M 180.00M 170.00M 275.00M 113.62M 50.20M 0.00M 0.00M
Tax Payables 0.00M 68.42M 43.01M 48.14M 56.27M 34.95M 35.45M 20.55M 55.42M 27.37M 25.96M 24.22M 24.94M 22.65M 28.15M 21.53M 15.03M 35.09M 20.71M 33.68M -3.80M 7.81M 3.40M 4.91M 4.94M 24.30M 18.77M 21.16M 10.24M 0.93M 0.92M 0.49M
Deferred Revenue 482.47M 0.00M 0.00M 0.00M 187.38M 347.55M 764.81M 202.29M 55.42M 206.33M 416.26M 190.12M 0.00M 143.72M 0.00M 0.00M 0.00M 0.00M 82.57M 65.25M 41.53M 31.20M 0.00M 30.31M 52.30M 58.58M 87.35M 39.95M 27.09M 25.77M 0.00M 0.00M
Other Current Liabilities 696.73M 1,283.92M 414.78M 459.26M 455.86M 355.25M 291.50M 2,268.32M 1,384.98M 832.86M 416.26M 923.55M 222.73M 102.02M 117.13M 140.72M 48.45M 126.61M 12.11M 266.98M 458.78M 3.70M 80.24M 27.87M 20.63M 3.65M 45.43M 17.20M -30.43M 71.30M 8.44M 2.22M
Total Current Liabilities 1,733.39M 2,004.46M 2,159.65M 1,758.79M 1,587.24M 1,333.65M 1,888.43M 3,183.16M 2,648.15M 3,231.32M 1,789.60M 1,827.07M 1,003.07M 970.72M 497.56M 313.12M 135.94M 226.27M 204.05M 694.34M 1,102.47M 324.91M 93.51M 143.19M 286.51M 294.25M 346.81M 395.67M 144.66M 164.04M 22.93M 11.56M
Long-Term Debt 0.00M 0.00M 0.00M 757.96M 887.93M 1,097.19M 1,156.48M 400.00M 1,066.39M 75.00M 677.34M 596.02M 745.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 60.00M 270.00M 100.00M 0.00M 0.00M 0.00M 16.79M 29.00M 61.21M 70.00M 0.00M 70.00M 10.45M
Capital Lease Obligations 0.00M 43.55M 51.06M 65.46M 29.23M 46.95M 65.52M 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 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 195.04M 200.46M 210.56M 231.23M 248.57M 268.55M 230.07M 163.86M 1.00M 1.06M 1.15M 1.26M 1.34M 0.51M 2.44M 2.19M 3.82M 0.51M 0.48M 0.23M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1.26M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 0.00M 0.19M 20.07M 20.07M 20.07M 20.09M 25.09M 25.09M 25.09M 25.10M 188.55M 30.12M 0.00M 97.76M 101.77M 111.33M 116.83M 38.55M 13.54M 0.65M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.31M 0.00M 0.01M 0.00M
Total Non-Current Liabilities 195.04M 244.19M 281.68M 1,074.72M 1,185.80M 1,432.78M 1,477.16M 588.94M 1,092.47M 101.16M 867.03M 627.39M 746.94M 98.28M 104.22M 113.52M 120.64M 39.06M 14.02M 60.88M 270.00M 100.00M 0.00M 0.00M 0.00M 16.79M 29.00M 62.47M 76.31M 0.00M 70.01M 10.45M
Total Liabilities 1,928.44M 2,248.65M 2,441.34M 2,833.51M 2,773.04M 2,766.42M 3,365.60M 3,772.10M 3,740.62M 3,332.47M 2,656.63M 2,454.46M 1,750.01M 1,069.00M 601.78M 426.64M 256.58M 265.34M 218.07M 755.22M 1,372.47M 424.91M 93.51M 143.19M 286.51M 311.05M 375.82M 458.14M 220.97M 164.04M 92.94M 22.01M
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 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 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,305.52M 1,004.25M 1,004.25M 1,004.25M 836.87M 597.61M 459.70M 287.31M 221.01M 190.78M 190.78M 190.78M 190.78M 190.78M 70.39M 70.39M 56.39M
Retained Earnings 5,331.74M 5,282.98M 4,904.47M 4,726.86M 4,415.18M 4,229.81M 4,063.34M 3,849.05M 3,594.87M 3,243.34M 3,024.77M 2,898.90M 2,748.86M 2,439.60M 2,211.01M 1,870.64M 1,414.03M 1,023.57M 772.54M 502.99M 398.94M 399.80M 343.07M 288.51M 220.67M 187.35M 151.95M 119.39M 79.76M 44.54M 19.67M 11.88M
Accumulated OCI 1,076.32M 917.72M 903.55M 842.93M 789.68M 742.08M 703.03M 659.65M 768.70M 558.68M 524.78M 500.47M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 24.12M 24.49M 26.19M 26.10M 26.69M 21.73M 19.94M 22.69M 23.48M 19.58M 22.13M 21.46M 22.12M 2.69M 3.14M 2.93M 2.62M 1.80M 1.46M 1.62M 1.15M 0.24M 0.19M 0.00M 0.00M 4.23M 3.25M 3.08M 0.05M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 7,713.58M 7,506.23M 7,113.54M 6,875.31M 6,510.37M 6,277.41M 6,071.88M 5,814.22M 5,669.10M 5,107.54M 4,855.07M 4,704.89M 4,054.38M 3,745.12M 3,516.54M 3,176.17M 2,418.28M 2,027.82M 1,776.78M 1,339.86M 996.55M 859.50M 630.38M 509.52M 411.45M 378.12M 342.73M 310.16M 270.53M 114.92M 90.06M 68.27M
Total Equity 7,737.70M 7,530.71M 7,139.73M 6,901.42M 6,537.06M 6,299.14M 6,091.83M 5,836.91M 5,692.58M 5,127.11M 4,877.19M 4,726.35M 4,076.50M 3,747.81M 3,519.67M 3,179.09M 2,420.89M 2,029.62M 1,778.24M 1,341.48M 997.70M 859.73M 630.58M 509.52M 411.45M 382.35M 345.97M 313.24M 270.58M 114.92M 90.06M 68.27M
Total Liabilities & Equity 9,666.13M 9,779.37M 9,581.07M 9,734.92M 9,310.11M 9,065.56M 9,457.42M 9,609.01M 9,433.19M 8,459.59M 7,533.83M 7,180.81M 5,826.51M 4,816.80M 4,121.45M 3,605.73M 2,677.47M 2,294.96M 1,996.31M 2,096.70M 2,370.17M 1,284.65M 724.09M 652.71M 697.96M 693.40M 721.79M 771.39M 491.55M 278.96M 183.00M 90.28M
Tangible Assets 9,438.40M 10,415.10M 10,038.68M 9,606.88M 9,160.20M 8,737.45M 8,950.63M 9,253.69M 9,191.67M 8,073.60M 6,646.89M 7,051.58M 5,947.20M 4,893.23M 4,131.70M 3,940.16M 3,533.76M 3,082.23M 2,580.72M 2,819.85M 2,533.62M 1,430.64M 1,029.97M 979.04M 840.72M 787.83M 742.00M 807.23M 653.72M 344.98M 310.37M 206.60M
Tangible Equity 7,513.36M 7,303.66M 6,907.23M 6,659.21M 6,285.29M 5,919.29M 5,709.86M 5,443.60M 5,301.98M 4,725.61M 4,468.87M 4,603.59M 4,025.97M 3,694.98M 3,471.70M 3,129.67M 2,362.12M 1,977.45M 1,722.51M 1,295.33M 979.91M 840.54M 603.69M 487.51M 388.11M 357.62M 310.09M 290.90M 262.10M 114.66M 89.96M 68.18M
Tangible Book Value 7,513.36M 7,303.66M 6,907.23M 6,659.21M 6,285.29M 5,919.29M 5,709.86M 5,443.60M 5,301.98M 4,725.61M 4,468.87M 4,603.59M 4,025.97M 3,694.98M 3,471.70M 3,129.67M 2,362.12M 1,977.45M 1,722.51M 1,295.33M 979.91M 840.54M 603.69M 487.51M 388.11M 357.62M 310.09M 290.90M 262.10M 114.66M 89.96M 68.18M
Total Investments 160.46M 191.71M 190.85M 191.85M 185.80M 172.43M 168.77M 127.03M 83.85M 91.03M 85.56M 89.46M 74.83M 89.36M 107.24M 100.79M 0.00M 0.00M 75.16M 0.00M 46.19M 45.85M 54.53M 53.28M 53.59M 59.15M 41.18M 15.46M 23.72M 0.00M 0.00M 8.86M
Net Debt -1,498.05M -2,338.06M -1,146.54M -866.62M -1,033.03M -512.45M -145.25M -864.77M 231.65M 213.08M -90.71M -438.52M -10.37M -49.08M -532.52M -720.40M -537.75M -940.18M -512.62M -575.21M 339.43M 303.52M -224.58M -91.53M 76.66M 125.54M 133.70M 260.55M 134.88M 10.54M 34.96M -12.00M

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 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
Working Capital 2,706.3M 2,587.3M 2,359.5M 3,128.3M 3,139.0M 3,099.7M 2,929.7M 1,920.7M 2,359.3M 1,876.0M 2,671.9M 2,674.7M 2,934.7M 2,251.2M 2,376.1M 2,123.1M 1,763.6M 1,211.1M 909.1M 871.0M 182.8M 182.9M 283.2M 232.3M 43.6M 14.9M -5.6M 43.4M 239.8M 41.6M 91.8M 44.8M
Total Capital 7,805.3M 7,706.7M 7,321.5M 7,855.7M 7,619.8M 7,671.7M 7,436.4M 7,139.5M 7,019.3M 6,198.2M 5,689.3M 6,206.7M 5,430.8M 4,718.5M 4,071.5M 3,686.9M 3,188.2M 2,739.4M 2,490.9M 2,498.6M 2,056.0M 1,412.8M 943.7M 940.1M 790.1M 746.9M 730.7M 796.3M 594.9M 324.9M 229.6M 115.6M
Capital Employed 8,089.1M 8,071.5M 7,702.3M 8,269.6M 8,028.8M 8,051.1M 7,829.4M 6,729.0M 6,934.1M 5,540.5M 5,901.2M 5,670.5M 5,586.9M 4,444.5M 4,178.8M 3,803.4M 3,311.5M 2,780.3M 2,466.4M 2,221.1M 1,472.1M 1,148.1M 943.9M 870.1M 595.1M 571.1M 539.0M 525.6M 487.7M 204.7M 229.6M 115.6M
Invested Capital 6,255.4M 5,368.7M 5,393.0M 6,231.1M 5,698.9M 6,062.0M 6,134.7M 5,874.7M 5,899.6M 5,477.6M 4,921.3M 5,172.1M 4,674.8M 4,294.4M 3,539.0M 2,966.5M 2,650.4M 1,799.2M 1,938.3M 1,583.4M 1,540.4M 1,351.3M 719.1M 778.6M 671.8M 675.6M 665.4M 720.6M 546.2M 285.2M 194.5M 93.2M

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
Net Income 371.48M 299.20M 382.01M 472.64M 342.45M 339.99M 402.06M 453.99M 508.80M 328.15M 242.23M 280.46M 340.98M 421.28M 462.60M 504.26M 476.80M 349.98M 295.39M 282.24M 177.57M 112.95M 95.92M 81.78M 65.43M 61.76M 80.11M 59.20M 43.03M
Depreciation & Amortization 0.00M 318.13M 427.77M 399.71M 377.32M 371.30M 339.30M 312.89M 272.10M 212.80M 185.64M 160.80M 178.31M 171.66M 162.26M 162.34M 161.64M 163.79M 160.43M 142.80M 125.92M 50.52M 34.72M 27.42M 26.87M 26.15M 23.11M 17.82M 12.18M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M -47.02M 35.57M 70.29M 183.51M -6.53M -8.61M -2.16M -1.47M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -66.69M -1,045.97M -329.90M -784.05M -28.69M -141.99M -426.12M -47.26M 34.04M -206.01M 15.94M -51.10M 36.92M -486.03M -253.94M -227.11M -549.00M 186.02M -193.25M 7.83M 162.65M -324.29M 82.13M -32.41M -20.02M 12.58M -2.99M 22.83M -16.64M
Accounts Receivable -207.47M -297.10M -350.88M -297.10M -175.13M -785.31M -85.77M -69.24M -47.25M -52.22M 119.85M 87.66M -12.98M -212.01M -265.65M 0.00M 0.00M 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 140.78M -748.86M 66.33M -748.86M -111.90M 1,118.97M 345.13M -89.58M 452.51M -694.72M -352.64M 14.51M -449.71M -186.24M -316.60M -172.73M -498.19M -51.95M 110.01M 140.81M -284.59M -247.28M 29.49M -22.67M -21.24M -40.44M 4.01M -25.79M 6.55M
Accounts Payable 0.00M 0.00M -45.36M 280.32M 305.36M -511.21M -755.77M -71.94M -364.70M 549.53M 250.88M -151.80M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M -69.26M -18.40M -47.02M 35.57M 70.29M 183.51M -418.47M 488.71M 368.58M -65.61M 486.62M -299.78M 62.66M -54.38M -50.81M 237.97M -303.26M -132.98M 447.24M -77.01M 52.64M -9.74M 1.23M 53.02M -7.00M 48.62M -23.19M
Other Non-Cash Items 341.56M 1,046.38M 136.27M 48.20M 145.02M 69.30M 56.42M 22.15M 32.08M 26.17M 24.66M 32.57M 22.85M 1.28M -36.07M 24.83M 6.28M 11.92M 7.55M 17.93M 10.18M 3.89M -0.50M 2.85M 19.03M 53.92M 10.29M 9.69M -3.83M
Net Cash from Operating Activities 646.35M 297.17M 616.13M 136.51M 836.11M 638.61M 371.66M 741.77M 847.02M 361.12M 468.48M 422.72M 579.06M 108.19M 334.86M 464.32M 95.72M 711.71M 270.13M 450.81M 476.33M -156.93M 212.27M 79.65M 91.32M 154.41M 110.52M 109.54M 34.74M
Capital Expenditures (PPE) -190.25M -196.75M -180.49M -165.74M -116.78M -140.48M -173.36M -444.53M -836.26M -384.47M -281.70M -253.73M -601.65M -512.65M -515.32M -272.16M -154.80M -212.19M -313.11M -182.34M -462.61M -358.20M -62.47M -104.39M -31.94M -53.46M -68.98M -192.11M -112.67M
Acquisitions (Net) 0.48M 23.36M 0.00M 0.00M 67.60M 1.48M 18.83M 3.34M 11.50M 0.77M 1.11M 2.07M 19.82M 0.00M 0.00M 276.69M -299.99M -26.00M 1.52M 0.00M 0.00M 0.00M 0.55M 1.00M 0.00M 53.46M 0.00M 194.89M 0.00M
Purchases of Investments -1.93M -10.78M -5.28M -27.51M -159.04M -450.00M -1,118.81M -24.00M 0.99M -4.00M 0.00M -13.94M -1.05M 0.00M 0.00M -16.44M 168.62M 7.64M -10.10M 0.00M 0.00M 0.00M -11.30M -3.66M 0.00M -31.12M -22.62M -83.18M -117.30M
Sales / Maturities of Investments 29.18M 7.44M 3.16M 7.69M 100.94M 456.18M 1,109.40M 8.40M 24.57M 16.42M 20.43M 23.24M 16.09M 22.30M 3.40M 2.70M 2.66M 1.38M 1.87M 0.65M 7.12M 0.00M 15.87M 29.19M 1.77M 2.80M 94.44M 102.90M 7.52M
Other Investing Activities 14.35M 41.34M 44.56M 21.06M 0.00M 20.00M -1.15M 233.00M 132.00M -190.00M 314.97M -397.03M -60.92M 12.44M 43.11M -272.16M -154.80M 6.10M 8.44M 1.59M 0.75M 2.16M 0.68M 0.96M 0.31M -53.46M 0.00M -192.11M -30.06M
Net Cash from Investing Activities -148.18M -155.10M -138.05M -164.50M -107.28M -112.83M -165.09M -223.79M -667.20M -561.28M 54.81M -639.40M -627.72M -477.91M -468.81M -281.38M -438.31M -223.07M -311.37M -180.10M -454.74M -356.04M -56.68M -76.90M -29.87M -81.77M 2.83M -169.60M -252.51M
Net Debt Issuance 0.00M 0.00M -11.00M -128.87M -265.00M -40.00M 26.25M -185.00M 416.25M 250.00M -670.00M 596.10M 369.00M 375.00M 0.00M 0.00M 0.00M -40.00M -300.00M -515.00M 490.00M 365.00M -70.00M -125.00M -1.79M -25.00M -107.57M 102.39M 63.42M
Long-Term Debt Issuance 0.00M 0.00M -11.00M -128.87M -265.00M -40.00M 26.25M -185.00M 416.25M 250.00M -670.00M 596.10M 369.00M 375.00M 0.00M 0.00M 0.00M -40.00M -300.00M -515.00M 490.00M 365.00M -70.00M -125.00M -1.79M -25.00M -107.57M 102.39M 63.42M
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 -0.36M 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
Net 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -0.16M -249.63M -145.30M -117.56M -104.44M -130.55M -143.61M -156.66M -133.96M -96.04M -143.76M -116.60M -19.93M -110.55M -80.88M 0.00M -60.25M -60.78M -18.28M -40.31M -50.46M -15.13M -22.29M -27.66M -12.57M -41.69M -14.49M -20.12M -10.26M
Common Dividends Paid -0.16M -145.25M -145.30M -104.44M -104.44M -130.55M -143.61M -156.66M -104.44M -78.33M -91.39M -104.44M -19.93M -143.61M -78.33M 0.00M -60.25M -60.25M -18.28M -20.32M -156.30M -15.13M -22.10M -27.66M -12.57M -41.69M -14.49M -20.12M -10.26M
Preferred Dividends Paid 0.00M 0.00M 0.00M -13.11M -26.64M -28.52M -53.73M -41.31M -29.51M -17.71M -52.38M -12.16M 0.00M 0.00M -2.55M 0.00M 0.00M -0.52M 0.00M 0.00M 0.00M 0.00M -0.19M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -920.28M -28.71M -17.71M -22.61M -18.62M -22.12M 12.30M 0.00M -0.82M 0.10M 0.00M 29.79M -0.82M 32.55M -0.30M -0.30M 0.42M -0.30M -3.06M 664.25M 98.80M 0.00M -0.24M 193.10M 0.00M 0.00M 0.00M 0.00M 173.69M
Net Cash from Financing Activities -920.44M -173.96M -174.00M -269.04M -414.70M -221.20M -158.79M -382.98M 284.80M 154.06M -813.76M 509.29M 348.24M 263.94M -81.18M -0.30M -59.83M -101.08M -321.34M 128.94M 432.50M 349.87M -92.53M 40.44M -14.36M -66.69M -122.06M 82.27M 226.85M
Effect of FX on Cash 1.90M -0.01M -0.08M 0.66M 1.41M -0.89M -0.83M 0.04M 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
Net Change in Cash -241.83M 126.23M 304.00M -296.37M 315.53M 303.69M 46.96M 135.04M 464.63M -46.11M -290.47M 292.62M 299.59M -105.78M -215.14M 182.65M -402.43M 387.56M -362.59M 399.64M 454.09M -163.10M 63.05M 43.18M 47.09M 5.95M -8.71M 22.21M 9.08M
Cash at Beginning of Period 8,219.06M 6,873.08M 1,624.58M 1,920.95M 1,605.42M 1,301.73M 1,254.77M 1,119.73M 655.11M 701.21M 991.69M 699.07M 399.48M 505.26M 720.40M 537.75M 940.18M 552.62M 915.21M 515.57M 61.48M 224.58M 161.53M 118.34M 71.25M 65.31M 74.02M 53.46M 39.66M
Cash at End of Period 7,977.23M 6,999.32M 1,928.58M 1,624.58M 1,920.95M 1,605.42M 1,301.73M 1,254.77M 1,119.73M 655.11M 701.21M 991.69M 699.07M 399.48M 505.26M 720.40M 537.75M 940.18M 552.62M 915.21M 515.57M 61.48M 224.58M 161.53M 118.34M 71.25M 65.31M 75.66M 48.74M
Operating Cash Flow 646.35M 297.17M 616.13M 136.51M 836.11M 638.61M 371.66M 741.77M 847.02M 361.12M 468.48M 422.72M 579.06M 108.19M 334.86M 464.32M 95.72M 711.71M 270.13M 450.81M 476.33M -156.93M 212.27M 79.65M 91.32M 154.41M 110.52M 109.54M 34.74M
Capital Expenditure -190.25M -196.75M -180.49M -165.74M -116.78M -140.48M -173.36M -444.53M -836.26M -384.47M -281.70M -253.73M -601.65M -512.65M -515.32M -272.16M -154.80M -212.19M -313.11M -182.34M -462.61M -358.20M -62.47M -104.39M -31.94M -53.46M -68.98M -192.11M -112.67M
Free Cash Flow 634.63M 100.42M 435.64M -29.23M 719.33M 498.12M 198.30M 297.23M 10.77M -23.35M 186.78M 168.99M -22.59M -404.46M -180.46M 192.16M -59.08M 499.52M -42.98M 268.47M 13.72M -515.12M 149.79M -24.74M 59.37M 100.95M 41.53M -82.57M -77.93M

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
EBITDA 1,026.66M 1,140.22M 1,024.63M 1,060.39M 843.05M 902.99M 948.52M 973.38M 1,012.87M 706.47M 523.67M 564.82M 650.88M 743.81M 757.03M 811.91M 804.06M 633.05M 611.95M 632.42M 409.38M 215.72M 165.57M 144.66M 133.41M 131.35M 143.39M 105.82M 59.73M
(-) Tax Adjustment 303.36M 379.08M 353.52M 303.63M 237.95M 275.89M 279.45M 267.44M 268.70M 189.83M 138.86M 141.43M 153.90M 167.44M 169.33M 156.89M 164.39M 162.90M 148.91M 192.78M 97.16M 45.91M 33.50M 27.64M 28.72M 36.61M 31.04M 22.22M 11.32M
(-) Change In Working Capital -66.69M -1,045.97M -329.90M -784.05M -28.69M -141.99M -426.12M -47.26M 34.04M -206.01M 15.94M -51.10M 36.92M -486.03M -253.94M -227.11M -549.00M 186.02M -193.25M 7.83M 162.65M -324.29M 82.13M -32.41M -20.02M 12.58M -2.99M 22.83M -16.64M
(-) Capital Expenditure -190.25M -196.75M -180.49M -165.74M -116.78M -140.48M -173.36M -444.53M -836.26M -384.47M -281.70M -253.73M -601.65M -512.65M -515.32M -272.16M -154.80M -212.19M -313.11M -182.34M -462.61M -358.20M -62.47M -104.39M -31.94M -53.46M -68.98M -192.11M -112.67M
Unlevered Free Cash Flow 599.74M 1,610.36M 820.51M 1,375.07M 517.00M 628.60M 921.83M 308.67M -126.13M 338.19M 87.17M 220.76M -141.59M 549.74M 326.32M 609.97M 1,033.87M 71.94M 343.19M 249.46M -313.04M 135.91M -12.53M 45.04M 92.76M 28.70M 46.36M -131.33M -47.62M
(-) Net Interest Income After Taxes -4.40M -1.78M -2.08M -3.26M -8.51M -19.75M -18.31M -18.22M -15.65M -8.41M -10.38M -15.90M -25.23M -4.08M 4.19M 2.58M 5.41M 4.70M -6.02M -10.53M -6.81M -2.13M 0.49M -6.17M -9.54M -9.07M -10.36M -13.07M -2.52M
Net Debt Issuance 0.00M 0.00M -11.00M -128.87M -265.00M -40.00M 26.25M -185.00M 416.25M 250.00M -670.00M 596.10M 369.00M 375.00M 0.00M 0.00M 0.00M -40.00M -300.00M -515.00M 490.00M 365.00M -70.00M -125.00M -1.79M -25.00M -107.57M 102.39M 63.42M
Levered Free Cash Flow 604.14M 1,612.14M 811.59M 1,249.46M 260.51M 608.36M 966.39M 141.89M 305.78M 596.59M -572.45M 832.76M 252.64M 928.82M 322.13M 607.39M 1,028.46M 27.24M 49.20M -255.01M 183.77M 503.04M -83.02M -73.79M 100.51M 12.77M -50.86M -15.88M 18.32M