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Page: Company Financials

Jiangxi Ganyue Expressway CO.,LTD.

Ticker: 600269.SS | Industry: Industrial - Infrastructure Operations | Sector: Industrials
$4.89 -0.05 (-1.01%)
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 2007 2006 2005 2004 2003 2002 2001 2000
Stock Price 5.02 5.15 3.86 3.43 3.49 3.45 4.35 4.23 5.28 4.73 5.69 3.51 3.00 3.52 4.51 6.27 6.46 5.25 7.90 3.29 2.57 1.89 1.49 1.66 2.14 2.42
Market Capitalization 11,859.15M 12,002.20M 9,020.51M 7,989.50M 8,572.03M 8,116.38M 9,862.38M 9,759.40M 12,075.02M 11,614.02M 12,471.28M 8,404.01M 7,242.94M 7,939.88M 10,437.62M 14,436.13M 14,810.83M 12,018.32M 18,388.81M 6,486.62M 4,006.00M 2,948.92M 2,324.81M 2,593.95M 3,338.98M 3,768.06M
(-) Cash & Equivalents 2,464.39M 2,872.93M 2,846.98M 3,016.61M 3,063.42M 2,892.23M 2,163.05M 2,474.67M 2,855.92M 2,793.45M 2,642.03M 3,509.35M 4,111.41M 3,492.62M 2,632.68M 1,539.85M 916.43M 566.82M 668.39M 721.78M 295.25M 373.75M 317.63M 207.00M 292.72M 750.37M
(+) Total Debt 6,985.04M 8,747.76M 6,509.93M 8,409.56M 8,858.72M 9,489.53M 9,820.02M 11,870.16M 10,659.91M 10,083.10M 11,383.49M 10,800.44M 7,404.95M 4,829.13M 4,994.58M 3,421.21M 1,936.01M 2,359.09M 1,894.62M 1,194.69M 985.08M 445.03M 469.32M 253.25M 180.02M 155.88M
Enterprise Value 16,379.80M 17,877.04M 12,683.45M 13,382.45M 14,367.32M 14,713.68M 17,519.35M 19,154.89M 19,879.01M 18,903.67M 21,212.74M 15,695.11M 10,536.47M 9,276.39M 12,799.51M 16,317.50M 15,830.40M 13,810.59M 19,615.04M 6,959.52M 4,695.83M 3,020.20M 2,476.49M 2,640.21M 3,226.29M 3,173.57M

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
Revenue 5,823M 6,829M 5,985M 7,492M 6,758M 6,430M 5,066M 5,039M 4,576M 4,328M 4,555M 5,502M 4,081M 3,913M 3,558M 3,950M 3,978M 3,252M 3,086M 2,388M 1,825M 1,309M 1,030M 617M 464M 387M 283M 235M 224M 196M
Cost of Revenue 3,540M 4,541M 3,624M 5,170M 4,618M 3,909M 3,609M 3,222M 2,865M 2,526M 2,833M 3,831M 2,370M 2,165M 1,692M 2,124M 2,036M 1,348M 1,388M 730M 670M 557M 336M 223M 179M 126M 69M 46M 40M 24M
Gross Profit 2,283M 2,288M 2,361M 2,322M 2,140M 2,521M 1,457M 1,817M 1,711M 1,801M 1,722M 1,670M 1,711M 1,748M 1,866M 1,825M 1,941M 1,904M 1,697M 1,658M 1,155M 753M 694M 394M 285M 261M 214M 189M 185M 173M
Gross Profit Margin 39.2% 33.5% 39.4% 31.0% 31.7% 39.2% 28.8% 36.1% 37.4% 41.6% 37.8% 30.4% 41.9% 44.7% 52.4% 46.2% 48.8% 58.5% 55.0% 69.4% 63.3% 57.5% 67.4% 63.9% 61.4% 67.5% 75.6% 80.5% 82.3% 88.0%
R&D Expenses 78M 58M 71M 62M 73M 61M 69M 46M 26M 25M 28M 31M 22M 18M 18M 15M 11M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 361M 382M 368M 375M 354M 377M 323M 255M 233M 188M 211M 237M 215M 235M 208M 71M 80M 177M 154M 91M 93M 71M 46M 29M 26M 22M 11M 6M 7M 6M
Operating Expenses 292M 387M 310M 508M 1,044M 1,305M 895M 603M 227M 857M 390M 792M 927M 1,181M 52M 671M 190M 455M 226M 178M 157M 206M 121M 108M 52M 33M 16M 31M 37M 17M
Operating Income (EBIT) 1,991M 1,902M 2,051M 1,814M 1,096M 1,216M 562M 1,214M 1,483M 945M 1,332M 878M 784M 567M 1,813M 1,154M 1,751M 1,449M 1,471M 1,480M 998M 547M 573M 286M 233M 228M 198M 159M 148M 156M
Operating Income Margin 34.2% 27.8% 34.3% 24.2% 16.2% 18.9% 11.1% 24.1% 32.4% 21.8% 29.2% 16.0% 19.2% 14.5% 51.0% 29.2% 44.0% 44.6% 47.7% 62.0% 54.7% 41.8% 55.6% 46.4% 50.3% 58.8% 70.0% 67.4% 66.0% 79.5%
Interest Income 66M 64M 69M 80M 51M 59M 54M 40M 50M 72M 49M 267M 35M 55M 31M 20M 9M 6M 8M 6M 5M 5M 3M 2M 1M 3M 7M 0M 0M 0M
Interest Expense -93M 375M 350M 427M 513M 569M 600M 616M 657M 694M 706M 652M 618M 544M 299M 284M 137M 40M 72M 63M 62M 54M 46M 26M 5M 0M 5M 12M 18M 23M
Net Interest Income 159M -310M -281M -347M -462M -510M -546M -576M -608M -622M -657M -385M -583M -490M -268M -264M -128M -34M -64M -58M -57M -49M -43M -24M -4M 3M 2M -12M -18M -23M
Unusual Items 317M 188M 84M 215M 450M 665M 790M 930M 751M 1,020M 706M 479M 700M 782M 104M 690M 36M 218M 58M 119M 169M 121M 132M 87M 73M 55M 64M 21M 26M 7M
EBT Excluding Unusual Items 2,150M 1,591M 1,770M 1,467M 634M 706M 16M 638M 876M 323M 674M 493M 201M 78M 1,545M 890M 1,624M 1,415M 1,408M 1,422M 941M 498M 530M 262M 229M 230M 200M 146M 130M 133M
Pre-Tax Income 2,468M 1,779M 1,854M 1,682M 1,084M 1,371M 806M 1,568M 1,627M 1,344M 1,380M 971M 900M 860M 1,649M 1,580M 1,660M 1,632M 1,465M 1,541M 1,110M 619M 662M 349M 302M 285M 264M 167M 156M 140M
Pre-Tax Margin 42.4% 26.1% 31.0% 22.5% 16.0% 21.3% 15.9% 31.1% 35.6% 31.0% 30.3% 17.7% 22.1% 22.0% 46.4% 40.0% 41.7% 50.2% 47.5% 64.5% 60.8% 47.3% 64.2% 56.6% 65.1% 73.6% 93.3% 70.9% 69.5% 71.5%
Income Tax Expense 657M 489M 521M 466M 334M 375M 261M 493M 516M 420M 439M 371M 328M 319M 424M 386M 307M 297M 275M 353M 237M 93M 133M 112M 102M 96M 86M 0M 0M 0M
Net Income 1,756M 1,245M 1,279M 1,177M 696M 892M 527M 1,113M 1,176M 982M 1,037M 712M 695M 654M 1,170M 1,109M 1,256M 1,229M 1,096M 1,097M 824M 399M 369M 187M 189M 179M 176M 167M 156M 140M
Net Income Margin 30.1% 18.2% 21.4% 15.7% 10.3% 13.9% 10.4% 22.1% 25.7% 22.7% 22.8% 12.9% 17.0% 16.7% 32.9% 28.1% 31.6% 37.8% 35.5% 45.9% 45.1% 30.5% 35.8% 30.2% 40.8% 46.3% 62.2% 70.9% 69.5% 71.5%
Depreciation & Amortization 845M 1,049M 1,112M 1,065M 1,131M 1,142M 1,088M 1,067M 1,031M 1,040M 1,025M 993M 715M 573M 502M 464M 455M 381M 342M 308M 266M 199M 176M 99M 69M 46M 26M 20M 0M 0M
EBITDA 2,836M 2,951M 3,163M 2,879M 2,227M 2,358M 1,650M 2,281M 2,515M 1,985M 2,357M 1,871M 1,499M 1,141M 2,316M 1,619M 2,206M 1,830M 1,813M 1,788M 1,264M 746M 749M 385M 302M 274M 225M 179M 148M 156M
EBITDA Margin 48.7% 43.2% 52.8% 38.4% 33.0% 36.7% 32.6% 45.3% 55.0% 45.9% 51.8% 34.0% 36.7% 29.1% 65.1% 41.0% 55.5% 56.3% 58.8% 74.8% 69.3% 57.0% 72.7% 62.4% 65.2% 70.6% 79.4% 75.9% 66.0% 79.5%
NOPAT 1,461M 1,379M 1,474M 1,312M 758M 883M 380M 832M 1,013M 649M 909M 543M 498M 357M 1,347M 873M 1,428M 1,185M 1,196M 1,141M 785M 464M 457M 195M 155M 151M 133M 159M 148M 156M
NOPAT Margin 25.1% 20.2% 24.6% 17.5% 11.2% 13.7% 7.5% 16.5% 22.1% 15.0% 19.9% 9.9% 12.2% 9.1% 37.9% 22.1% 35.9% 36.4% 38.8% 47.8% 43.0% 35.5% 44.4% 31.5% 33.3% 39.1% 47.1% 67.4% 66.0% 79.5%
Owner's Earnings 462M -328M -35M -64M 776M 1,499M 853M 562M 365M 472M 1,025M 385M -907M -1,028M -755M -2,394M -1,078M -552M -466M 486M 825M 155M 295M 242M 233M 129M -115M 186M 156M 140M
Owner's Earnings Margin 7.9% -4.8% -0.6% -0.9% 11.5% 23.3% 16.8% 11.2% 8.0% 10.9% 22.5% 7.0% -22.2% -26.3% -21.2% -60.6% -27.1% -17.0% -15.1% 20.4% 45.2% 11.9% 28.7% 39.3% 50.1% 33.3% -40.6% 79.1% 69.5% 71.5%
EPS (Basic) 0.74 0.53 0.55 0.50 0.30 0.38 0.23 0.48 0.50 0.42 0.44 0.30 0.30 0.28 0.50 0.47 0.54 0.53 0.47 0.46 0.36 0.17 0.16 0.07 0.07 0.07 0.07 0.11 0.10 0.09
EPS (Diluted) 0.75 0.53 0.55 0.50 0.30 0.38 0.23 0.48 0.50 0.42 0.44 0.30 0.30 0.28 0.50 0.47 0.54 0.53 0.47 0.47 0.35 0.26 0.24 0.12 0.12 0.11 0.11 0.11 0.10 0.09
Shares (Basic) 2,354M 2,335M 2,326M 2,355M 2,335M 2,335M 2,335M 2,335M 2,335M 2,335M 2,335M 2,335M 2,318M 2,335M 2,339M 2,359M 2,326M 2,318M 2,332M 2,342M 2,325M 1,560M 1,560M 1,560M 1,560M 1,560M 1,560M 1,560M 1,560M 1,560M
Shares (Diluted) 2,354M 2,335M 2,326M 2,355M 2,335M 2,335M 2,335M 2,335M 2,352M 2,339M 2,358M 2,374M 2,318M 2,335M 2,339M 2,359M 2,326M 2,318M 2,332M 2,342M 2,325M 1,560M 1,560M 1,560M 1,560M 1,560M 1,560M 1,560M 1,560M 1,560M

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
Cash & Cash Equivalents 2,364.73M 2,331.15M 2,695.85M 2,305.01M 1,692.98M 2,780.53M 2,495.93M 2,033.81M 2,869.51M 3,439.80M 2,555.42M 2,392.52M 3,138.22M 2,909.71M 3,914.33M 3,358.92M 1,618.35M 676.99M 510.27M 567.88M 714.76M 190.47M 442.61M 425.76M 252.81M 254.29M 271.59M 48.90M 0.17M 18.33M
Short-Term Investments 2,128.01M 1,428.08M 1,337.45M 1,075.60M 719.81M 1,010.80M 1,536.29M 1,478.38M 0.62M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 11.02M 0.09M 14.35M 25.34M 30.48M 32.12M 0.75M 0.17M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 4,492.74M 3,759.23M 4,033.30M 3,380.61M 2,412.79M 3,791.33M 4,032.22M 3,512.19M 2,870.13M 3,439.80M 2,555.42M 2,392.52M 3,138.22M 2,909.71M 3,914.33M 3,358.92M 1,618.35M 676.99M 510.27M 578.90M 714.85M 204.83M 467.95M 456.24M 284.93M 255.05M 271.76M 48.90M 0.17M 18.33M
Net Receivables 1,113.48M 1,249.55M 1,214.60M 1,561.74M 1,375.27M 1,088.54M 814.57M 738.37M 714.77M 499.64M 477.59M 256.82M 856.31M 720.02M 280.31M 550.26M 0.00M 342.05M 0.00M 0.00M 0.00M 46.23M 0.00M 0.00M 0.00M 0.00M 140.97M 0.00M 0.00M 0.00M
Inventory 2,697.43M 2,590.79M 2,446.00M 2,408.54M 3,114.83M 2,859.48M 2,784.66M 2,346.41M 1,997.46M 1,987.90M 735.51M 595.46M 666.76M 363.79M 152.12M 152.68M 102.73M 119.75M 194.05M 410.15M 396.50M 31.33M 1.86M 0.00M 0.00M 0.00M 0.02M 0.00M 0.06M 0.12M
Other Current Assets 698.33M 606.95M 461.76M 1,307.73M 1,636.89M 1,081.82M 889.66M 752.39M 124.74M 175.80M 152.04M 300.00M 600.00M 516.41M 290.84M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.05M 0.00M 3.90M 361.57M 7.95M 200.50M 9.65M 22.25M 10.95M
Total Current Assets 9,001.99M 8,206.51M 8,155.65M 8,658.63M 8,539.78M 8,821.17M 8,521.11M 7,349.35M 5,707.11M 6,103.13M 3,920.56M 3,544.80M 5,261.29M 4,509.92M 4,637.61M 4,061.86M 1,721.08M 1,138.78M 704.32M 989.04M 1,111.35M 282.44M 469.81M 460.14M 646.50M 262.99M 613.26M 58.55M 22.48M 29.40M
Property, Plant & Equipment 25,599.28M 25,295.90M 25,233.15M 23,767.13M 23,313.73M 23,658.83M 24,580.60M 25,360.35M 23,641.89M 23,246.80M 23,574.74M 24,293.50M 23,311.44M 21,827.70M 19,348.41M 16,974.56M 14,395.61M 11,826.78M 10,157.20M 9,901.49M 9,803.84M 5,828.22M 5,568.02M 5,576.46M 3,460.34M 3,489.93M 3,312.05M 1,558.56M 1,573.96M 1,386.20M
Goodwill 3.61M 3.61M 3.61M 3.61M 3.61M 3.61M 3.61M 3.61M 3.61M 3.61M 3.61M 3.61M 3.61M 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 0.00M 0.00M 0.00M
Intangible Assets 117.65M 119.90M 124.97M 134.35M 143.72M 153.78M 87.39M 95.00M 102.64M 110.50M 118.29M 125.88M 135.48M 95.86M 102.47M 109.24M 121.69M 125.03M 130.09M 135.15M 136.81M 143.55M 149.45M 155.54M 161.87M 168.28M 174.69M 104.97M 108.69M 66.47M
Long-Term Investments 2,789.27M 2,627.33M 1,312.28M 658.79M 1,110.88M 880.55M 200.25M 39.55M 2,459.75M 3,935.84M 4,119.67M 2,898.27M 1,603.03M 811.58M 782.42M 0.00M 0.00M 0.00M 0.00M 158.18M 211.03M 271.52M 249.47M 158.63M 175.15M 161.79M 17.42M 0.00M 0.00M 0.00M
Tax Assets 349.73M 356.24M 359.57M 385.54M 337.75M 264.41M 221.61M 191.41M 192.74M 53.43M 40.48M 34.79M 89.20M 145.77M 122.06M 114.46M 33.48M 25.62M 36.87M 1.83M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.19M 0.00M 0.00M 0.00M
Other Non-Current Assets 331.19M 608.85M 1,907.93M 2,013.97M 1,057.83M 1,202.68M 1,710.21M 1,811.90M 899.18M 682.89M 307.39M 81.49M 317.88M 131.52M 126.23M 819.06M 1,095.13M 1,457.65M 721.32M 239.35M 1.97M 16.23M 25.34M 35.98M 64.37M 0.77M 0.81M 1.41M 0.53M 0.00M
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
Total Non-Current Assets 29,190.72M 29,011.83M 28,941.50M 26,963.40M 25,967.52M 26,163.85M 26,803.67M 27,501.81M 27,299.81M 28,033.07M 28,164.19M 27,437.55M 25,460.63M 23,012.42M 20,481.59M 18,017.31M 15,645.91M 13,435.07M 11,045.48M 10,436.00M 10,153.66M 6,259.52M 5,992.28M 5,926.61M 3,861.74M 3,820.76M 3,505.16M 1,664.94M 1,683.19M 1,452.67M
Total Assets 38,192.71M 37,218.34M 37,097.16M 35,622.02M 34,507.31M 34,985.02M 35,324.78M 34,851.16M 33,006.92M 34,136.20M 32,084.74M 30,982.35M 30,721.92M 27,522.34M 25,119.19M 22,079.18M 17,366.99M 14,573.86M 11,749.80M 11,425.04M 11,265.01M 6,541.96M 6,462.09M 6,386.75M 4,508.24M 4,083.76M 4,118.41M 1,723.48M 1,705.67M 1,482.07M
Accounts Payable 1,817.31M 1,846.69M 1,834.44M 2,066.82M 1,276.64M 1,423.63M 1,728.35M 2,072.84M 1,514.52M 1,827.34M 1,865.51M 2,276.63M 1,998.91M 2,060.93M 1,752.21M 1,842.23M 2,155.70M 863.94M 632.47M 92.41M 196.17M 147.06M 205.62M 183.25M 3.37M 101.70M 25.07M 36.37M 46.11M 56.14M
Short-Term Debt 259.17M 550.36M 1,801.18M 1,501.11M 3,784.00M 1,215.05M 2,052.56M 2,718.55M 1,503.57M 1,800.00M 12.88M 132.88M 2,153.38M 3,456.06M 2,255.00M 5,145.84M 495.00M 39.00M 1,047.68M 1,732.25M 901.45M 0.00M 286.94M 280.00M 100.00M 212.81M 0.00M 43.48M 0.00M 0.00M
Tax Payables 0.00M 214.43M 188.94M 242.48M 209.31M 168.03M 181.77M 230.84M 413.06M 262.13M 110.66M 132.68M 97.85M 125.21M 123.44M 232.06M 148.64M 154.04M 99.04M 115.05M 92.81M 17.57M 11.52M 62.14M 25.68M 27.93M 96.56M 3.55M 23.29M 0.00M
Deferred Revenue 670.80M 0.00M 0.00M 0.00M 1,185.74M 1,905.69M 1,066.02M 558.78M 413.06M 899.52M 763.30M 1,115.28M 949.78M 968.54M 676.93M 1,865.71M 785.55M 511.44M 422.68M 290.55M 364.57M 207.72M 53.05M 126.48M 29.40M 50.06M 271.94M 156.60M -33.78M -18.10M
Other Current Liabilities 3,194.47M 4,568.71M 3,873.94M 7,383.45M 2,001.18M 1,232.69M 2,215.67M 3,453.97M 2,767.43M 1,037.22M 57.13M 105.20M 226.89M 117.61M 3,586.34M 1,793.40M 3,173.60M 2,251.17M 119.67M 845.91M 1,147.21M 1,080.48M 59.12M 136.16M 109.77M 20.80M 41.58M 0.60M 59.64M 27.82M
Total Current Liabilities 5,941.75M 7,180.18M 7,698.50M 11,193.86M 8,456.87M 5,945.09M 7,244.37M 9,034.98M 6,611.65M 5,826.22M 2,809.47M 3,762.67M 5,426.81M 6,728.35M 8,393.92M 10,879.23M 6,758.50M 3,819.60M 2,321.54M 3,076.16M 2,702.20M 1,452.84M 616.25M 788.03M 268.23M 413.31M 435.16M 240.60M 95.26M 65.86M
Long-Term Debt 8,951.06M 5,211.70M 4,931.54M 1,763.70M 4,374.67M 6,969.73M 6,802.44M 7,463.44M 9,342.48M 9,252.22M 12,496.49M 11,784.51M 9,656.05M 6,669.09M 2,487.81M 2,262.33M 1,914.48M 969.13M 1,126.14M 300.00M 490.09M 518.86M 627.29M 36.14M 45.02M 52.94M 62.17M 164.94M 207.13M 265.52M
Capital Lease Obligations 0.00M 26.68M 27.11M 52.28M 44.16M 55.70M 11.15M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 420.32M 243.18M 212.12M 123.36M 85.95M 117.31M 175.08M 175.38M 115.00M 254.43M 315.37M 89.16M 84.82M 13.50M 9.70M 10.68M 13.45M 89.35M 8.03M 11.41M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 20.65M 2,567.44M 2,628.69M 2,703.66M 2,863.26M 3,538.00M 3,127.63M 1,097.12M 1,565.27M 3,830.47M 19.78M 22.66M 1,574.24M 1,500.00M 2,500.00M 1,000.00M 72.98M 626.71M 1,102.09M 300.00M 2,494.86M 401.62M 443.00M 1,101.00M 561.00M 633.75M 772.21M 126.90M 198.59M 205.43M
Total Non-Current Liabilities 9,392.03M 8,049.01M 7,799.45M 4,643.01M 7,368.04M 10,680.74M 10,116.29M 8,735.94M 11,022.76M 13,337.13M 12,831.64M 11,896.34M 11,315.11M 8,182.59M 4,997.51M 3,273.01M 2,000.92M 1,685.19M 2,236.26M 611.41M 2,984.96M 920.49M 1,070.28M 1,137.14M 606.03M 686.69M 834.38M 291.85M 405.72M 470.95M
Total Liabilities 15,333.78M 15,229.19M 15,497.95M 15,836.86M 15,824.91M 16,625.82M 17,360.66M 17,770.92M 17,634.41M 19,163.35M 15,641.11M 15,659.01M 16,741.92M 14,910.93M 13,391.43M 14,152.24M 8,759.41M 5,504.78M 4,557.80M 3,687.57M 5,687.15M 2,373.32M 1,686.53M 1,925.17M 874.25M 1,100.00M 1,269.54M 532.45M 500.98M 536.81M
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
Common Stock 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.41M 2,335.34M 1,167.67M 1,167.67M 1,167.67M 778.44M 778.44M 389.22M 389.22M 353.00M 353.00M 233.00M 754.00M 917.44M
Retained Earnings 13,732.63M 12,868.05M 12,501.65M 11,687.93M 10,825.32M 10,418.18M 10,062.50M 9,927.68M 8,792.18M 8,125.26M 7,580.68M 6,992.56M 6,591.38M 6,176.71M 5,958.34M 5,130.78M 4,351.36M 3,450.54M 2,593.58M 1,898.47M 1,137.19M 552.30M 369.63M 311.06M 157.05M 80.39M 2.17M 2.01M 0.00M 0.00M
Accumulated OCI 3,818.75M 2,929.38M 2,947.01M 2.54M 2,811.24M 2,677.46M 2,640.55M 2,601.52M 2,489.81M 3,220.92M 3,347.90M 3,270.60M 462.72M 40.49M 0.00M 0.00M 0.00M 0.00M 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 1,917.56M 1,896.19M 1,904.94M 1,864.64M 1,881.84M 1,841.41M 1,849.92M 1,339.83M 1,339.63M 1,409.51M 1,483.81M 1,581.93M 1,829.63M 1,900.61M 2,053.86M 683.84M 632.88M 608.40M 545.78M 473.66M 427.92M 402.46M 1,356.59M 1,242.76M 297.54M 287.82M 287.64M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 19,886.78M 18,132.84M 17,784.07M 14,025.87M 15,971.98M 15,431.05M 15,038.46M 14,864.60M 13,617.40M 13,681.59M 13,263.99M 12,598.56M 9,389.51M 8,552.61M 8,293.74M 7,466.18M 6,686.77M 5,785.88M 3,761.25M 3,066.14M 2,304.86M 1,330.74M 1,148.07M 700.28M 546.28M 433.39M 355.17M 235.01M 754.00M 917.44M
Total Equity 21,804.35M 20,029.03M 19,689.01M 15,890.51M 17,853.81M 17,272.45M 16,888.38M 16,204.43M 14,957.03M 15,091.10M 14,747.79M 14,180.50M 11,219.14M 10,453.21M 10,347.60M 8,150.02M 7,319.65M 6,394.28M 4,307.02M 3,539.79M 2,732.78M 1,733.20M 2,504.66M 1,943.04M 843.81M 721.21M 642.81M 235.01M 754.00M 917.44M
Total Liabilities & Equity 37,138.13M 35,258.22M 35,186.96M 31,727.38M 33,678.72M 33,898.28M 34,249.04M 33,975.35M 32,591.44M 34,254.45M 30,388.91M 29,839.50M 27,961.06M 25,364.15M 23,739.03M 22,302.26M 16,079.06M 11,899.06M 8,864.82M 7,227.37M 8,419.94M 4,106.52M 4,191.19M 3,868.21M 1,718.06M 1,821.21M 1,912.34M 767.46M 1,254.98M 1,454.25M
Tangible Assets 38,071.45M 37,094.83M 36,968.58M 35,484.06M 34,359.98M 34,827.63M 35,233.78M 34,752.56M 32,900.67M 34,022.09M 31,962.84M 30,852.86M 30,582.83M 27,426.49M 25,016.73M 21,969.94M 17,245.30M 14,448.83M 11,619.71M 11,289.89M 11,128.19M 6,398.40M 6,312.65M 6,231.21M 4,346.37M 3,915.48M 3,943.73M 1,618.51M 1,596.98M 1,415.59M
Tangible Equity 21,683.09M 19,905.52M 19,560.43M 15,752.55M 17,706.48M 17,115.06M 16,797.38M 16,105.83M 14,850.78M 14,976.99M 14,625.89M 14,051.00M 11,080.05M 10,357.36M 10,245.14M 8,040.78M 7,197.96M 6,269.26M 4,176.93M 3,404.65M 2,595.97M 1,589.65M 2,355.21M 1,787.50M 681.94M 552.94M 468.12M 130.04M 645.31M 850.97M
Tangible Book Value 21,683.09M 19,905.52M 19,560.43M 15,752.55M 17,706.48M 17,115.06M 16,797.38M 16,105.83M 14,850.78M 14,976.99M 14,625.89M 14,051.00M 11,080.05M 10,357.36M 10,245.14M 8,040.78M 7,197.96M 6,269.26M 4,176.93M 3,404.65M 2,595.97M 1,589.65M 2,355.21M 1,787.50M 681.94M 552.94M 468.12M 130.04M 645.31M 850.97M
Total Investments 4,917.28M 1,428.08M 2,649.73M 1,734.39M 1,830.69M 1,891.35M 1,736.54M 1,517.93M 2,460.37M 3,935.84M 4,119.67M 2,898.27M 1,603.03M 811.58M 782.42M 685.86M 959.95M 1,316.74M 575.09M 169.20M 211.12M 285.87M 274.81M 189.11M 207.28M 162.54M 17.59M 1.00M 0.00M 0.00M
Net Debt 6,845.50M 3,430.92M 4,036.87M 959.80M 6,465.69M 5,404.25M 6,359.07M 8,148.17M 7,976.54M 7,612.42M 9,953.95M 9,524.87M 8,671.21M 7,215.44M 828.47M 4,049.25M 791.13M 331.14M 1,663.56M 1,464.37M 676.78M 328.39M 471.62M -109.62M -107.79M 11.46M -209.42M 159.52M 206.95M 247.19M

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
Working Capital 2,774.4M 681.2M 150.8M -2,045.5M 881.7M 2,664.2M 1,505.7M -1,303.5M -91.4M 1,388.9M 391.6M -1,124.0M 31.1M -1,496.3M -2,446.2M -4,047.0M -3,667.0M -2,389.4M -1,098.6M -1,806.4M -1,347.9M -1,111.2M 16.7M -256.2M 139.2M -213.2M 141.3M -175.2M -106.6M -64.3M
Total Capital 29,122.5M 24,799.0M 25,421.3M 20,924.5M 25,045.7M 24,530.0M 25,768.1M 25,905.0M 25,690.3M 25,671.9M 24,064.5M 23,110.4M 24,155.7M 21,552.2M 16,618.9M 14,513.7M 12,316.0M 10,420.6M 9,338.7M 8,319.3M 6,784.4M 4,392.4M 4,496.3M 3,675.3M 3,370.2M 2,898.8M 2,622.5M 1,406.3M 1,436.4M 1,210.8M
Capital Employed 31,965.1M 29,693.1M 29,092.3M 24,917.9M 26,849.3M 28,828.0M 28,309.3M 26,198.3M 27,208.4M 29,421.9M 28,555.8M 26,313.6M 25,491.8M 21,516.1M 18,035.4M 13,970.3M 11,978.9M 11,045.6M 9,946.9M 8,629.6M 8,805.8M 5,148.3M 6,009.0M 5,670.4M 4,001.0M 3,607.6M 3,646.5M 1,489.8M 1,576.6M 1,388.4M
Invested Capital 26,757.7M 22,467.8M 22,725.4M 18,619.5M 23,352.7M 21,749.4M 23,272.2M 23,871.2M 22,820.8M 22,232.1M 21,509.1M 20,717.9M 21,017.5M 18,642.5M 12,704.6M 11,154.8M 10,697.6M 9,743.6M 8,828.4M 7,751.4M 6,069.7M 4,202.0M 4,053.7M 3,249.6M 3,117.4M 2,644.5M 2,350.9M 1,357.4M 1,436.2M 1,192.5M

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
Net Income 864.57M 1,164.52M 1,332.22M 1,216.32M 749.90M 996.06M 544.74M 1,074.99M 1,103.58M 923.05M 941.76M 600.56M 572.52M 540.70M 1,225.33M 1,194.77M 1,352.98M 1,335.38M 1,190.95M 1,188.45M 875.34M 525.35M 528.04M 237.27M 195.49M 189.27M 177.62M 166.84M
Depreciation & Amortization 0.00M 768.29M 1,135.18M 1,085.93M 1,146.53M 1,142.41M 1,088.24M 1,066.66M 1,031.17M 1,040.26M 1,025.31M 993.09M 715.38M 573.24M 502.48M 464.45M 454.79M 385.91M 341.54M 307.78M 265.82M 199.15M 175.65M 98.54M 69.19M 45.68M 26.49M 20.02M
Deferred Income Tax 0.00M 0.00M 0.00M 28.72M -146.86M -103.33M -30.16M 63.30M -98.57M -2.42M -5.69M 54.40M 0.00M 0.00M 0.00M 0.00M 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
Change in Working Capital 183.23M 448.07M -46.60M -104.78M -23.04M 328.57M 140.86M -597.05M -268.68M -783.45M -421.04M -224.18M -499.78M -279.67M -107.71M -56.30M 75.44M 19.50M 18.25M -108.13M 3.12M -2.89M -82.57M 73.05M -51.05M 73.44M -101.86M 13.55M
Accounts Receivable 360.94M -180.60M 299.36M -180.60M -232.56M -299.68M 27.40M -168.57M -148.42M -20.44M -287.95M -127.87M -62.43M -174.72M -98.06M 0.00M 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 -177.71M 628.67M -34.42M 628.67M -290.15M -74.82M -438.26M -348.59M -9.56M -1,252.39M -139.70M 71.31M -293.58M -214.33M 0.56M -49.95M 16.71M 74.30M 217.28M -13.64M -141.69M -18.50M -1.86M 0.00M 0.00M 0.02M -0.01M 0.00M
Accounts Payable 0.00M 0.00M -311.53M -581.56M 646.53M 806.39M 581.87M -143.19M -31.08M 491.80M 12.30M -222.02M 0.00M 0.00M 0.00M 0.00M 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 -218.17M 28.72M -146.86M -103.33M -30.16M 63.30M -259.12M 468.94M -281.34M -295.49M -206.20M -65.34M -108.27M -6.35M 58.73M -54.80M -199.03M -94.49M 144.81M 15.61M -80.70M 0.00M 0.00M 73.42M -101.86M 0.00M
Other Non-Cash Items 1,670.90M 1,551.88M 179.22M 243.02M 701.74M 914.15M 553.86M 370.53M 69.95M 753.65M 154.62M 529.80M 768.05M 780.35M 311.29M 311.65M 198.49M 179.95M 206.22M 264.14M 9.08M 92.86M 36.08M 76.37M 20.66M -6.84M -4.07M -0.40M
Net Cash from Operating Activities 2,718.70M 2,933.95M 2,600.02M 2,469.20M 2,575.13M 3,381.18M 2,327.70M 1,915.13M 1,936.02M 1,933.52M 1,700.65M 1,899.26M 1,556.16M 1,614.62M 1,931.39M 1,914.57M 2,081.69M 1,920.74M 1,756.96M 1,652.24M 1,153.36M 814.47M 657.20M 485.23M 234.29M 301.54M 98.18M 200.01M
Capital Expenditures (PPE) -2,138.88M -2,621.99M -2,426.44M -2,306.53M -1,050.84M -535.67M -762.28M -1,617.60M -1,842.15M -1,550.37M -1,037.86M -1,319.84M -2,317.83M -2,254.77M -2,426.82M -3,967.68M -2,789.16M -2,161.18M -1,903.58M -918.20M -264.11M -442.51M -249.15M -42.89M -25.60M -95.81M -317.55M -0.77M
Acquisitions (Net) 0.35M 1.62M 0.00M 15.44M 13.24M 24.08M 767.00M 5.29M 577.40M 6.05M 1,042.51M 0.15M 0.04M 2,255.36M 5.02M 3,968.60M 2,789.89M 0.00M -19.25M 921.91M 264.11M 442.51M 249.78M 0.00M 25.60M 95.81M 317.55M 0.00M
Purchases of Investments -280.94M -1,145.70M -1,028.12M -443.95M -1,675.15M -1,421.46M -1,386.81M -1,092.43M -233.50M -216.37M -750.73M -1,138.00M -5,481.00M -1,712.28M -52.95M -5.88M -163.93M 0.00M -632.16M -50.71M -59.32M -927.57M -56.92M -649.16M -104.65M -178.95M -673.53M -1.00M
Sales / Maturities of Investments 161.14M 1,414.99M 1,261.07M 624.23M 1,480.85M 1,248.14M 1,177.39M 330.64M 166.99M 114.38M 1,016.04M 1,463.81M 5,636.98M 709.84M 6.01M 0.09M 1.52M 4.45M 26.68M 1.93M 15.84M 25.23M 2.31M 46.13M 34.30M 51.70M 5.53M 0.00M
Other Investing Activities -3.68M -535.28M -31.87M 29.33M 158.51M -12.89M -762.28M 50.00M 70.28M 1,166.62M -1,037.86M -202.64M 13.76M -2,254.77M -1.21M -3,967.68M -2,789.16M 0.02M -0.25M -918.20M -264.11M -442.51M -249.15M 25.41M -25.60M -95.81M -317.55M -0.77M
Net Cash from Investing Activities -2,262.00M -2,370.91M -2,225.35M -2,081.48M -1,073.39M -697.79M -966.98M -2,324.11M -1,260.98M -479.69M -767.89M -1,196.53M -2,148.05M -3,256.61M -2,469.95M -3,972.54M -2,950.85M -2,156.71M -2,528.56M -963.27M -307.60M -1,344.85M -303.14M -620.52M -95.95M -223.06M -985.55M -1.77M
Net Debt Issuance -83.68M 809.40M 717.81M 1,057.01M -1,757.22M -1,255.45M -2,418.10M 582.00M -122.00M 480.00M 278.95M -408.10M 1,669.00M 1,579.00M 1,584.16M 3,310.84M 2,226.00M 885.90M 722.38M -505.64M -1,027.71M -387.95M -128.65M 52.03M -64.79M 52.48M -149.75M -137.78M
Long-Term Debt Issuance 2,924.42M 808.77M 717.81M 1,057.01M -1,757.22M -1,255.45M -2,418.10M 582.00M -122.00M 480.00M 278.95M -408.10M 1,669.00M 1,579.00M 1,584.16M 3,310.84M 2,226.00M 885.90M 722.38M -505.64M -1,027.71M -387.95M -128.65M 52.03M -64.79M 52.48M -149.75M -137.78M
Short-Term Debt Issuance -5,327.62M 0.63M -6,182.19M 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 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
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
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
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
Net Dividends Paid -472.28M -769.80M -699.13M -694.20M -280.25M -467.08M -350.31M -233.54M -1,110.70M -1,035.44M -1,044.58M -1,009.80M -786.89M -838.35M -736.98M -591.63M -401.63M -483.73M -252.06M -315.20M -205.90M -301.39M -208.56M -98.43M -75.73M -148.26M -49.15M -11.71M
Common Dividends Paid -472.28M -769.80M -699.13M -694.20M -718.42M -963.63M -998.76M -982.88M -1,110.70M -1,035.44M -1,044.58M -1,009.80M -786.89M -838.35M -233.54M -233.54M -233.54M -268.56M -268.56M -233.53M -155.69M -301.39M -208.56M -98.43M -75.73M -148.26M -49.15M -11.71M
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 -35.00M 0.00M 0.00M 0.00M 0.00M -84.50M -50.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -255.84M -67.18M -58.21M -140.24M -113.39M -171.91M 2,507.19M -46.92M -12.63M -14.00M -4.23M -29.12M -61.27M -86.75M 233.21M 726.33M -182.26M -224.23M 232.02M 0.00M 912.12M 967.60M 0.00M 354.63M 0.69M 0.00M 1,308.74M -0.01M
Net Cash from Financing Activities -811.80M 46.26M -39.53M 222.56M -2,589.03M -2,390.98M -909.67M -447.81M -1,245.34M -569.44M -769.86M -1,447.01M 820.85M 653.91M 1,080.38M 3,803.63M 1,810.20M 393.11M 685.84M -835.84M -321.48M 278.25M -337.22M 308.23M -139.83M -95.78M 1,109.84M -149.51M
Effect of FX on Cash 3.22M -24.64M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.22M 0.00M
Net Change in Cash -353.08M 593.89M 335.14M 610.28M -1,087.29M 292.41M 451.04M -856.79M -570.29M 884.39M 162.90M -744.28M 228.96M -988.08M 541.82M 1,745.65M 941.04M 157.14M -85.75M -146.87M 524.28M -252.13M 16.85M 172.95M -1.49M -17.30M 222.69M 48.73M
Cash at Beginning of Period 10,304.34M 10,485.84M 2,300.26M 1,689.98M 2,777.27M 2,484.86M 2,033.81M 2,890.60M 3,439.80M 2,555.42M 2,392.52M 3,136.79M 2,907.84M 3,895.92M 3,354.10M 1,608.45M 667.41M 510.27M 596.02M 714.76M 190.47M 442.61M 425.76M 252.81M 254.29M 271.59M 48.90M 0.17M
Cash at End of Period 9,951.26M 11,079.73M 2,635.40M 2,300.26M 1,689.98M 2,777.27M 2,484.86M 2,033.81M 2,869.51M 3,439.80M 2,555.42M 2,392.52M 3,136.79M 2,907.84M 3,895.92M 3,354.10M 1,608.45M 667.41M 510.27M 567.88M 714.76M 190.47M 442.61M 425.76M 252.81M 254.29M 271.59M 48.90M
Operating Cash Flow 2,718.70M 2,933.95M 2,600.02M 2,469.20M 2,575.13M 3,381.18M 2,327.70M 1,915.13M 1,936.02M 1,933.52M 1,700.65M 1,899.26M 1,556.16M 1,614.62M 1,931.39M 1,914.57M 2,081.69M 1,920.74M 1,756.96M 1,652.24M 1,153.36M 814.47M 657.20M 485.23M 234.29M 301.54M 98.18M 200.01M
Capital Expenditure -2,138.88M -2,621.99M -2,426.44M -2,306.53M -1,050.84M -535.67M -762.28M -1,617.60M -1,842.15M -1,550.37M -1,037.86M -1,319.84M -2,317.83M -2,254.77M -2,426.82M -3,967.68M -2,789.16M -2,161.18M -1,903.58M -918.20M -264.11M -442.51M -249.15M -42.89M -25.60M -95.81M -317.55M -0.77M
Free Cash Flow 578.62M 309.92M 173.58M 162.67M 1,524.29M 2,845.51M 1,565.42M 297.53M 93.88M 383.15M 662.79M 579.43M -761.67M -640.15M -495.43M -2,053.11M -707.48M -240.45M -146.62M 734.04M 889.25M 371.96M 408.05M 442.34M 208.70M 205.73M -219.37M 199.24M

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
EBITDA 2,688.90M 2,897.47M 3,034.19M 2,949.69M 2,844.57M 3,226.09M 2,152.86M 2,582.16M 2,483.07M 2,628.43M 2,508.56M 2,394.79M 2,188.68M 2,067.97M 2,142.00M 2,203.78M 2,305.25M 2,107.98M 1,884.95M 1,874.69M 1,327.68M 880.38M 823.52M 464.04M 327.91M 285.18M 229.94M 203.90M
(-) Tax Adjustment 715.55M 796.18M 853.53M 817.11M 876.82M 882.31M 697.13M 812.21M 787.23M 822.62M 797.12M 838.18M 766.04M 723.79M 550.70M 537.68M 425.99M 383.62M 353.09M 429.21M 283.61M 132.82M 166.16M 148.66M 110.41M 95.85M 75.28M 0.00M
(-) Change In Working Capital 183.23M 448.07M -46.60M -104.78M -23.04M 328.57M 140.86M -597.05M -268.68M -783.45M -421.04M -224.18M -499.78M -279.67M -107.71M -56.30M 75.44M 19.50M 18.25M -108.13M 3.12M -2.89M -82.57M 73.05M -51.05M 73.44M -101.86M 13.55M
(-) Capital Expenditure -2,138.88M -2,621.99M -2,426.44M -2,306.53M -1,050.84M -535.67M -762.28M -1,617.60M -1,842.15M -1,550.37M -1,037.86M -1,319.84M -2,317.83M -2,254.77M -2,426.82M -3,967.68M -2,789.16M -2,161.18M -1,903.58M -918.20M -264.11M -442.51M -249.15M -42.89M -25.60M -95.81M -317.55M -0.77M
Unlevered Free Cash Flow -348.76M -968.77M -199.18M -69.17M 939.95M 1,479.54M 552.59M 749.40M 122.38M 1,038.89M 1,094.63M 460.96M -395.40M -630.91M -727.83M -2,245.28M -985.34M -456.33M -389.98M 635.41M 776.83M 307.94M 490.77M 199.43M 242.96M 20.08M -61.02M 189.57M
(-) Net Interest Income After Taxes 116.65M -225.12M -201.90M -250.94M -319.58M -370.25M -369.20M -394.68M -414.97M -427.00M -448.52M -250.41M -379.08M -318.20M -199.43M -199.73M -104.00M -27.89M -51.84M -44.38M -44.51M -41.69M -34.36M -16.24M -2.68M 1.72M 1.34M -12.41M
Net Debt Issuance -83.68M 809.40M 717.81M 1,057.01M -1,757.22M -1,255.45M -2,418.10M 582.00M -122.00M 480.00M 278.95M -408.10M 1,669.00M 1,579.00M 1,584.16M 3,310.84M 2,226.00M 885.90M 722.38M -505.64M -1,027.71M -387.95M -128.65M 52.03M -64.79M 52.48M -149.75M -137.78M
Levered Free Cash Flow -549.09M 65.76M 720.53M 1,238.78M -497.70M 594.34M -1,496.31M 1,726.09M 415.35M 1,945.89M 1,822.09M 303.27M 1,652.68M 1,266.29M 1,055.77M 1,265.29M 1,344.66M 457.47M 384.25M 174.15M -206.37M -38.33M 396.48M 267.71M 180.85M 70.84M -212.12M 64.19M