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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Advantage Risk Management Co., Ltd.

Ticker: 8769.T | Industry: Medical - Care Facilities | Sector: Healthcare
$663.00 +26.00 (4.08%)
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 634.00 516.25 500.75 468.75 907.50 698.25 857.25 1,199.75 1,073.50 468.25 636.75 595.50 310.38 137.98 56.98 74.73 72.15 116.25
Market Capitalization 9,954.57M 8,440.42M 8,354.84M 7,815.19M 15,232.76M 11,822.66M 14,516.73M 20,484.69M 18,337.90M 7,997.66M 10,866.82M 10,083.20M 5,157.78M 2,186.84M 895.77M 1,206.18M 1,163.93M 1,872.28M
(-) Cash & Equivalents 1,870.15M 1,698.60M 1,532.99M 871.08M 1,855.90M 3,074.83M 2,989.71M 2,443.50M 2,087.30M 1,332.99M 634.96M 614.90M 695.04M 804.31M 775.81M 767.49M 541.98M 0.00M
(+) Total Debt 1,944.91M 1,199.05M 267.50M 170.00M 170.00M 170.00M 170.00M 170.00M 170.00M 170.00M 162.24M 173.56M 167.40M 362.75M 715.92M 940.82M 856.10M 0.00M
Enterprise Value 10,029.34M 7,940.87M 7,089.34M 7,114.12M 13,546.86M 8,917.83M 11,697.03M 18,211.19M 16,420.60M 6,834.68M 10,394.10M 9,641.86M 4,630.14M 1,745.28M 835.87M 1,379.52M 1,478.05M 1,872.28M

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 9,153M 7,076M 8,554M 6,999M 6,406M 5,792M 5,453M 5,263M 4,898M 4,483M 3,964M 2,857M 2,728M 2,690M 2,656M 2,504M 2,652M 2,689M 2,822M 2,302M
Cost of Revenue 2,898M 2,113M 2,667M 2,066M 1,811M 1,519M 1,197M 1,164M 1,008M 944M 863M 652M 593M 667M 580M 544M 566M 613M 501M 331M
Gross Profit 6,254M 4,963M 5,887M 4,933M 4,595M 4,274M 4,256M 4,100M 3,890M 3,539M 3,102M 2,205M 2,135M 2,023M 2,076M 1,960M 2,087M 2,076M 2,321M 1,971M
Gross Profit Margin 68.3% 70.1% 68.8% 70.5% 71.7% 73.8% 78.1% 77.9% 79.4% 79.0% 78.2% 77.2% 78.3% 75.2% 78.2% 78.3% 78.7% 77.2% 82.2% 85.6%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 5,139M 4,208M 4,864M 4,207M 4,007M 3,866M 3,475M 3,092M 2,907M 2,720M 2,408M 1,902M 1,780M 1,689M 1,658M 0M 0M 0M 0M 0M
Operating Expenses 5,139M 4,225M 4,864M 4,207M 4,042M 3,921M 3,529M 3,147M 2,961M 2,720M 2,472M 1,966M 1,844M 1,753M 1,722M 1,742M 1,871M 1,773M 2,128M 1,716M
Operating Income (EBIT) 1,115M 738M 1,023M 726M 553M 353M 727M 953M 928M 819M 630M 240M 291M 270M 354M 218M 216M 302M 193M 255M
Operating Income Margin 12.2% 10.4% 12.0% 10.4% 8.6% 6.1% 13.3% 18.1% 19.0% 18.3% 15.9% 8.4% 10.7% 10.0% 13.3% 8.7% 8.1% 11.2% 6.8% 11.1%
Interest Income 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 1M 2M
Interest Expense 14M 2M 10M 2M 1M 1M 1M 1M 1M 1M 1M 2M 2M 3M 6M 12M 18M 23M 29M 20M
Net Interest Income -14M -2M -10M -2M -1M -1M -1M -1M -1M -1M -1M -2M -2M -3M -6M -12M -18M -23M -28M -18M
Unusual Items -223M 17M -224M 16M -5M -12M 16M 3M -1M 9M -2M 5M 6M -7M -6M 6M -14M 1M -24M -93M
EBT Excluding Unusual Items 1,101M 736M 1,013M 724M 552M 352M 726M 952M 927M 818M 629M 238M 289M 267M 349M 206M 198M 279M 165M 237M
Pre-Tax Income 878M 753M 789M 740M 547M 340M 742M 955M 927M 827M 626M 244M 295M 261M 343M 211M 184M 280M 141M 144M
Pre-Tax Margin 9.6% 10.6% 9.2% 10.6% 8.5% 5.9% 13.6% 18.1% 18.9% 18.5% 15.8% 8.5% 10.8% 9.7% 12.9% 8.4% 6.9% 10.4% 5.0% 6.2%
Income Tax Expense 74M 240M 45M 234M 170M 138M 246M 316M 312M 263M 202M 79M 137M 136M 170M 119M 101M 137M 20M 67M
Net Income 804M 513M 744M 506M 378M 202M 496M 639M 615M 564M 424M 164M 158M 124M 173M 93M 83M 143M 120M 90M
Net Income Margin 8.8% 7.3% 8.7% 7.2% 5.9% 3.5% 9.1% 12.1% 12.6% 12.6% 10.7% 5.8% 5.8% 4.6% 6.5% 3.7% 3.1% 5.3% 4.3% 3.9%
Depreciation & Amortization 841M 710M 835M 671M 529M 398M 267M 275M 300M 311M 299M 284M 230M 215M 204M 193M 290M 225M 270M 173M
EBITDA 1,956M 1,448M 1,858M 1,397M 1,083M 751M 994M 1,228M 1,228M 1,130M 929M 524M 522M 485M 559M 411M 505M 527M 463M 429M
EBITDA Margin 21.4% 20.5% 21.7% 20.0% 16.9% 13.0% 18.2% 23.3% 25.1% 25.2% 23.4% 18.3% 19.1% 18.0% 21.0% 16.4% 19.0% 19.6% 16.4% 18.6%
NOPAT 1,022M 503M 965M 496M 382M 210M 486M 638M 616M 559M 426M 162M 156M 129M 178M 95M 97M 155M 165M 136M
NOPAT Margin 11.2% 7.1% 11.3% 7.1% 6.0% 3.6% 8.9% 12.1% 12.6% 12.5% 10.8% 5.7% 5.7% 4.8% 6.7% 3.8% 3.7% 5.8% 5.8% 5.9%
Owner's Earnings 1,645M 1,223M 1,567M 300M 53M -362M -20M 680M 731M 553M 582M 90M 118M 156M 217M 160M 218M 213M 94M 35M
Owner's Earnings Margin 18.0% 17.3% 18.3% 4.3% 0.8% -6.3% -0.4% 12.9% 14.9% 12.3% 14.7% 3.1% 4.3% 5.8% 8.2% 6.4% 8.2% 7.9% 3.3% 1.5%
EPS (Basic) 51.36 30.77 46.13 30.30 22.64 12.07 29.25 37.74 36.15 33.02 24.83 9.62 9.32 7.43 10.79 5.89 2.40 8.87 7.53 5.79
EPS (Diluted) 50.58 30.77 46.13 30.30 22.64 12.07 29.25 37.68 36.00 32.80 24.83 9.62 9.26 7.15 10.15 5.80 4.99 8.60 6.97 5.22
Shares (Basic) 16M 17M 16M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 16M 16M 16M 16M 16M 16M
Shares (Diluted) 16M 17M 16M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 17M 16M 17M 17M 17M 17M

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 2,006.66M 1,733.63M 1,733.63M 1,428.87M 1,266.95M 717.93M 2,756.40M 2,982.73M 2,625.78M 2,178.05M 1,807.98M 696.08M 613.24M 472.03M 976.32M 885.58M 836.75M 1,045.53M 873.22M 736.61M
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
Cash & Short-Term Investments 2,006.66M 1,733.63M 1,733.63M 1,428.87M 1,266.95M 717.93M 2,756.40M 2,982.73M 2,625.78M 2,178.05M 1,807.98M 696.08M 613.24M 472.03M 976.32M 885.58M 836.75M 1,045.53M 873.22M 736.61M
Net Receivables 1,225.00M 1,403.05M 1,403.05M 1,073.96M 995.68M 919.19M 831.73M 726.19M 704.79M 670.84M 647.56M 524.15M 504.76M 505.38M 484.28M 448.51M 729.79M 439.40M 0.00M 579.46M
Inventory 0.00M 0.00M 0.00M 0.00M 227.09M 441.83M 422.38M 0.62M 447.46M 69.21M 73.84M 35.36M -434.70M -359.45M -426.66M 0.00M 0.00M 0.00M 0.00M 3.27M
Other Current Assets 308.98M 564.11M 564.11M 159.92M -80.79M -316.74M -290.94M 139.84M 120.94M 121.38M 629.55M 543.55M 573.22M 500.61M 588.01M 553.97M 631.89M 694.41M 747.98M 29.58M
Total Current Assets 3,540.64M 3,700.79M 3,700.79M 2,662.75M 2,408.93M 1,762.21M 3,719.58M 3,849.38M 3,898.97M 3,039.48M 3,158.92M 1,799.14M 1,256.51M 1,118.57M 1,621.94M 1,888.05M 2,198.42M 2,179.35M 1,621.20M 1,348.92M
Property, Plant & Equipment 130.26M 136.19M 136.19M 152.94M 346.66M 386.02M 418.13M 415.26M 396.52M 217.20M 106.75M 111.79M 57.85M 64.18M 72.68M 67.47M 87.89M 84.55M 85.12M 27.97M
Goodwill 639.77M 252.11M 252.11M 273.06M 0.00M 34.30M 89.10M 143.91M 198.71M 253.52M 310.43M 373.63M 436.84M 500.05M 563.25M 626.46M 689.67M 691.97M 746.77M 872.01M
Intangible Assets 3,365.44M 3,462.38M 3,462.38M 2,359.08M 2,271.57M 1,723.97M 1,064.94M 476.89M 416.43M 498.00M 516.37M 606.13M 535.06M 424.40M 360.87M 349.86M 348.08M 494.25M 491.71M 451.72M
Long-Term Investments 817.20M 557.58M 557.58M 557.58M 560.39M 1,200.30M 52.81M 52.81M 167.00M 156.15M 2.81M 119.40M 139.00M 112.00M 111.00M 3.58M 27.27M 30.38M 68.52M 98.21M
Tax Assets 261.45M 395.88M 395.88M 156.65M 136.04M 120.18M 88.34M 92.03M 89.68M 7.38M 4.09M -119.40M -139.00M -112.00M -111.00M 6.52M 17.71M 31.39M 37.23M 4.48M
Other Non-Current Assets 247.32M 219.12M 219.12M 190.26M 10.21M 10.19M 10.96M 10.72M -152.40M 8.19M 132.19M 125.08M 139.37M 112.02M 111.63M 106.22M 115.98M 124.95M 135.97M 183.99M
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
Total Non-Current Assets 5,461.43M 5,023.26M 5,023.26M 3,689.58M 3,324.86M 3,474.96M 1,724.27M 1,191.62M 1,115.95M 1,140.44M 1,072.63M 1,216.63M 1,169.12M 1,100.64M 1,108.43M 1,160.10M 1,286.59M 1,457.48M 1,565.31M 1,638.38M
Total Assets 9,002.07M 8,724.04M 8,724.04M 6,352.32M 5,733.79M 5,237.16M 5,443.85M 5,041.00M 5,014.92M 4,179.92M 4,231.55M 3,015.77M 2,425.63M 2,219.21M 2,730.37M 3,048.16M 3,485.01M 3,636.83M 3,186.51M 2,987.30M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 130.46M
Short-Term Debt 397.87M 397.87M 397.87M 216.97M 170.00M 170.00M 170.00M 170.00M 170.00M 170.00M 170.00M 170.00M 163.36M 166.32M 203.17M 402.59M 602.06M 570.79M 684.23M 488.96M
Tax Payables 0.00M 0.00M 0.00M 181.82M 118.28M 65.23M 119.20M 174.79M 217.07M 152.48M 226.50M 28.50M 66.38M 55.36M 124.12M 59.87M 8.76M 82.67M 14.07M 40.28M
Deferred Revenue 1,623.95M 853.99M 853.99M 757.22M 719.96M 730.68M 771.40M 696.05M 686.81M 660.94M 600.12M 288.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 107.72M
Other Current Liabilities 1,009.36M 1,233.78M 1,234.78M 839.69M 448.30M 943.04M 553.17M 805.20M 803.65M 762.95M 797.46M 609.58M 994.53M 782.74M 882.81M 842.91M 877.24M 884.00M 939.41M 750.42M
Total Current Liabilities 3,031.18M 2,485.64M 2,486.64M 1,995.69M 1,456.54M 1,908.94M 1,613.76M 1,846.04M 1,877.52M 1,746.37M 1,794.09M 1,096.38M 1,224.27M 1,004.42M 1,210.09M 1,305.36M 1,488.05M 1,537.45M 1,637.71M 1,517.84M
Long-Term Debt 1,515.36M 1,571.97M 1,571.97M 121.23M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 13.36M 29.68M 62.85M 295.44M 379.55M 600.34M 786.53M
Capital Lease Obligations 4.00M 4.00M 4.00M 6.47M 3.66M 0.00M 0.00M 0.00M 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 0.16M 0.00M 0.00M 0.00M 7.58M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.57M 8.20M 4.60M 0.61M 0.00M 0.00M 0.00M 0.00M 0.33M
Other Non-Current Liabilities 306.49M 301.21M 301.21M 229.33M 191.61M 151.16M 77.02M 69.47M 69.09M 62.65M 41.53M 39.95M 21.05M 0.00M 0.00M 14.20M 19.01M 0.00M 0.00M 2.34M
Total Non-Current Liabilities 1,826.02M 1,877.18M 1,877.18M 357.03M 202.85M 151.16M 77.02M 69.47M 69.09M 62.65M 41.53M 40.52M 29.25M 17.96M 30.29M 77.05M 314.45M 379.55M 600.34M 789.21M
Total Liabilities 4,857.20M 4,362.83M 4,363.83M 2,352.72M 1,659.39M 2,060.11M 1,690.78M 1,915.50M 1,946.61M 1,809.02M 1,835.62M 1,136.90M 1,253.52M 1,022.38M 1,240.38M 1,382.41M 1,802.50M 1,917.01M 2,238.05M 2,307.05M
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 365.96M 365.96M 365.96M 365.96M 365.96M 365.96M 365.96M 350.78M 347.25M 314.24M 283.94M 283.94M 283.94M 280.17M 272.47M 249.99M 249.99M 249.99M 243.30M 237.30M
Retained Earnings 3,548.23M 3,707.06M 3,707.06M 3,840.08M 3,508.69M 3,305.63M 3,273.62M 2,963.76M 2,493.80M 2,033.33M 1,584.18M 1,202.86M 1,072.67M 948.47M 857.27M 746.08M 713.51M 646.82M 509.42M 389.20M
Accumulated OCI 228.92M 51.13M 51.13M 51.13M 51.13M 51.13M 51.13M 72.36M 66.20M 62.75M 55.46M 34.38M 15.00M 2.00M 2.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Shareholders’ Equity 4,143.11M 4,124.15M 4,124.15M 4,257.17M 3,925.78M 3,722.72M 3,690.71M 3,386.90M 2,907.25M 2,410.32M 1,923.58M 1,521.18M 1,371.61M 1,230.64M 1,131.74M 996.07M 963.50M 896.81M 752.71M 626.50M
Total Equity 4,143.11M 4,124.15M 4,124.15M 4,257.17M 3,925.78M 3,722.72M 3,690.71M 3,386.90M 2,907.25M 2,410.32M 1,923.58M 1,521.18M 1,371.61M 1,230.64M 1,131.74M 996.07M 963.50M 896.81M 752.71M 626.50M
Total Liabilities & Equity 9,000.30M 8,486.98M 8,487.98M 6,609.89M 5,585.17M 5,782.83M 5,381.50M 5,302.40M 4,853.86M 4,219.34M 3,759.20M 2,658.08M 2,625.13M 2,253.02M 2,372.12M 2,378.47M 2,766.00M 2,813.81M 2,990.77M 2,933.54M
Tangible Assets 4,996.87M 5,009.55M 5,009.56M 3,720.18M 3,462.23M 3,478.89M 4,289.81M 4,420.21M 4,399.78M 3,428.39M 3,404.75M 2,036.01M 1,453.73M 1,294.76M 1,806.25M 2,071.84M 2,447.27M 2,450.61M 1,948.03M 1,663.57M
Tangible Equity 137.90M 409.66M 409.66M 1,625.03M 1,654.21M 1,964.45M 2,536.67M 2,766.11M 2,292.10M 1,658.80M 1,096.79M 541.42M 399.72M 306.20M 207.62M 19.75M -74.25M -289.41M -485.76M -697.23M
Tangible Book Value 137.90M 409.66M 409.66M 1,625.03M 1,654.21M 1,964.45M 2,536.67M 2,766.11M 2,292.10M 1,658.80M 1,096.79M 541.42M 399.72M 306.20M 207.62M 19.75M -74.25M -289.41M -485.76M -697.23M
Total Investments 817.20M 557.58M 557.58M 557.58M 560.39M 1,200.30M 52.81M 52.81M 167.00M 156.15M 2.81M 119.40M 139.00M 112.00M 111.00M 3.58M 27.27M 30.38M 68.52M 98.21M
Net Debt -93.43M 236.20M 236.20M -1,090.67M -1,096.95M -547.93M -2,586.40M -2,812.73M -2,455.78M -2,008.05M -1,637.98M -526.08M -449.88M -292.35M -743.47M -420.15M 60.75M -95.19M 411.35M 538.88M

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 343.3M 813.4M 813.4M 646.5M 509.3M 101.6M 2,045.1M 2,251.2M 1,843.3M 1,598.2M 1,127.9M 580.5M 466.9M 394.1M 293.0M 70.4M 147.1M 13.2M -16.5M -31.0M
Total Capital 5,896.0M 5,933.3M 5,933.3M 4,325.2M 3,813.3M 3,595.4M 3,862.4M 3,543.4M 3,060.2M 2,846.0M 2,329.0M 1,926.6M 1,770.2M 1,641.8M 1,589.6M 1,618.9M 2,016.7M 2,041.5M 2,233.0M 2,092.5M
Capital Employed 5,804.8M 5,836.7M 5,836.7M 4,336.1M 3,834.2M 3,576.6M 3,769.4M 3,442.8M 2,959.3M 2,738.6M 2,200.5M 1,797.1M 1,636.1M 1,494.7M 1,401.5M 1,230.5M 1,433.7M 1,470.7M 1,548.8M 1,607.4M
Invested Capital 3,889.3M 4,199.7M 4,199.7M 2,896.3M 2,546.4M 2,877.5M 1,106.0M 560.6M 434.4M 667.9M 521.0M 1,230.5M 1,156.9M 1,169.8M 613.3M 733.3M 1,180.0M 995.9M 1,359.8M 1,355.9M

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 804.00M 513.00M 744.36M 505.58M 547.15M 339.55M 741.84M 954.95M 926.59M 827.23M 626.43M 243.58M 294.62M 260.66M 342.52M 211.41M 183.56M 279.73M 140.62M 143.56M
Depreciation & Amortization 0.00M 339.90M 834.82M 670.85M 529.33M 398.06M 267.06M 274.72M 299.69M 310.94M 299.34M 284.03M 230.42M 215.43M 204.48M 193.38M 289.50M 224.70M 270.03M 173.48M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -357.07M -269.34M -328.39M 20.38M -116.82M -118.69M 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 8.52M 25.57M 27.59M 21.08M 22.83M 11.55M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 0.00M 0.00M 133.32M 85.28M -25.55M 22.10M 11.35M -24.38M 66.94M -22.87M 329.84M 31.87M 54.96M -72.97M -16.93M 64.78M -39.23M 77.93M 37.10M -232.45M
Accounts Receivable 0.00M 0.00M -8.37M -70.76M -76.00M -87.00M -105.00M -21.00M -33.00M -23.28M -123.40M -19.40M 1.00M -19.00M -17.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1.16M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 141.70M 156.04M 50.45M 109.10M 116.35M -3.38M 99.94M 0.41M 530.53M 56.72M 63.00M -40.00M -16.00M 0.00M 0.00M 0.00M 0.00M -233.62M
Other Non-Cash Items -804.00M -173.10M -6.68M 30.38M -119.36M -180.73M -307.62M -0.83M 2.13M -5.30M -0.10M 0.30M 0.98M -174.95M -101.65M -7.81M -200.59M -26.07M -120.02M 25.64M
Net Cash from Operating Activities 0.00M 679.80M 1,705.82M 1,292.09M 931.58M 578.98M 712.63M 855.90M 1,051.57M 809.20M 1,296.97M 465.79M 473.84M 228.17M 428.42M 461.77M 233.24M 556.29M 327.73M 110.23M
Capital Expenditures (PPE) 0.00M 0.00M -733.45M -876.25M -853.75M -962.02M -782.96M -233.65M -183.05M -321.95M -141.02M -358.61M -270.11M -183.61M -160.01M -126.07M -154.01M -155.11M -296.40M -228.18M
Acquisitions (Net) 0.00M 0.00M 0.00M -96.52M 0.00M 0.00M 0.00M 0.76M 0.00M 0.00M 0.00M 0.00M 2.60M 0.00M 0.00M 216.08M -169.13M 86.79M 10.00M -45.75M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M 0.00M -1,186.08M 0.00M -50.00M 0.00M 0.00M -4.84M -2.87M 0.00M 0.00M 0.00M -106.10M 0.00M 0.00M -210.39M -800.97M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 24.95M 624.50M 0.00M 0.00M -219.06M 0.00M 0.00M 2.50M 17.86M 0.00M 0.00M 0.00M 26.24M 0.00M 0.00M 3.06M 90.75M
Other Investing Activities 0.00M 0.00M -1,528.96M -0.20M 9.90M -0.06M 10.08M 167.88M 6.63M -41.91M -3.66M 3.93M -28.05M 0.90M -1.44M 115.73M 14.55M -0.90M 216.60M -52.41M
Net Cash from Investing Activities 0.00M 0.00M -2,262.41M -948.01M -219.35M -2,148.16M -772.88M -334.07M -176.42M -363.86M -142.18M -354.68M -295.56M -182.71M -161.44M 125.88M -308.59M -69.22M -277.13M -1,036.55M
Net Debt Issuance 0.00M 0.00M 1,628.74M -12.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.64M -16.32M -53.17M -232.59M -432.06M -52.85M -334.23M 9.08M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 1,628.74M -12.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -13.36M -16.32M -33.17M -232.59M -284.06M -20.85M -266.54M -108.61M 624.25M
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 20.00M 0.00M -20.00M 0.00M -148.00M -32.00M -67.69M 117.69M 100.00M
Net Stock Issuance 0.00M 0.00M -564.68M 0.00M 0.00M -299.46M 20.20M 4.70M -273.09M 40.29M 0.00M 0.00M 7.55M 15.40M 44.97M 0.00M -36.72M 4.71M 12.00M 32.03M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.08M 20.20M 4.70M 43.90M 40.29M 0.00M 0.00M 7.55M 15.40M 44.97M 0.00M 0.00M 13.38M 12.00M 32.03M
Common Stock Repurchased 0.00M 0.00M -564.68M 0.00M 0.00M -299.54M 0.00M 0.00M -316.99M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -36.72M -8.66M 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
Net Dividends Paid 0.00M 0.00M -203.72M -169.55M -169.63M -169.84M -186.28M -169.57M -154.34M -115.55M -42.89M -34.26M -33.82M -33.17M -17.85M -15.61M -13.84M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M 0.00M -203.72M -169.55M -169.63M -169.84M -186.28M -169.57M -154.34M -115.55M -42.89M -34.26M -33.82M -33.17M -17.85M -15.61M -13.84M 0.00M 0.00M 0.00M
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 -0.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.16M 0.00M -2.65M -0.57M 0.00M -0.22M 724.25M
Net Cash from Financing Activities 0.00M 0.00M 860.33M -182.55M -169.63M -469.29M -166.08M -164.87M -427.43M -75.26M -42.89M -27.62M -42.59M -71.11M -205.47M -450.31M -103.98M -329.51M 20.86M 756.27M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.65M 5.51M 0.82M 0.93M 1.41M 0.00M 8.16M 0.00M 0.00M
Net Change in Cash 0.00M -141.24M 303.74M 161.52M 542.59M -2,038.47M -226.33M 356.96M 447.72M 370.08M 1,111.89M 82.85M 141.21M -24.82M 62.44M 138.74M -179.33M 165.71M 71.47M -170.05M
Cash at Beginning of Period 0.00M 4,855.53M 1,422.05M 1,260.53M 717.93M 2,756.40M 2,982.73M 2,625.78M 2,178.05M 1,807.98M 696.08M 613.24M 472.03M 496.85M 434.41M 295.67M 475.00M 309.29M 237.83M 407.87M
Cash at End of Period 0.00M 4,662.52M 1,733.63M 1,422.05M 1,260.53M 717.93M 2,756.40M 2,982.73M 2,625.78M 2,178.05M 1,807.98M 696.08M 613.24M 472.03M 496.85M 434.41M 295.67M 475.00M 309.29M 237.83M
Operating Cash Flow 0.00M 679.80M 1,705.82M 1,292.09M 931.58M 578.98M 712.63M 855.90M 1,051.57M 809.20M 1,296.97M 465.79M 473.84M 228.17M 428.42M 461.77M 233.24M 556.29M 327.73M 110.23M
Capital Expenditure 0.00M 0.00M -12.34M -876.25M -853.75M -962.02M -782.96M -233.65M -183.05M -321.95M -141.02M -358.61M -270.11M -183.61M -160.01M -126.07M -154.01M -155.11M -296.40M -228.18M
Free Cash Flow 0.00M 679.80M 1,693.48M 415.84M 77.83M -383.04M -70.33M 622.26M 868.52M 487.25M 1,155.94M 107.19M 203.73M 44.56M 268.41M 335.69M 79.23M 401.17M 31.33M -117.95M

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 1,955.93M 1,464.88M 1,857.64M 1,396.92M 1,117.52M 805.80M 1,048.07M 1,282.34M 1,282.36M 1,130.38M 992.40M 586.95M 585.54M 549.21M 622.41M 2,152.94M 2,376.42M 2,300.23M 2,590.66M 2,144.94M
(-) Tax Adjustment 164.02M 466.30M 105.48M 442.06M 346.29M 282.03M 347.01M 423.86M 431.43M 359.09M 320.67M 190.92M 204.94M 192.22M 217.84M 753.53M 831.75M 805.08M 375.97M 750.73M
(-) Change In Working Capital 0.00M 0.00M 133.32M 85.28M -25.55M 22.10M 11.35M -24.38M 66.94M -22.87M 329.84M 31.87M 54.96M -72.97M -16.93M 64.78M -39.23M 77.93M 37.10M -232.45M
(-) Capital Expenditure 0.00M 0.00M -12.34M -876.25M -853.75M -962.02M -782.96M -233.65M -183.05M -321.95M -141.02M -358.61M -270.11M -183.61M -160.01M -126.07M -154.01M -155.11M -296.40M -228.18M
Unlevered Free Cash Flow 1,791.91M 998.58M 1,606.49M -6.67M -56.97M -460.34M -93.24M 649.22M 600.94M 472.21M 200.88M 5.55M 55.52M 246.35M 261.49M 1,208.55M 1,429.90M 1,262.10M 1,881.20M 1,398.49M
(-) Net Interest Income After Taxes -13.21M -1.42M -9.52M -1.23M -0.66M -0.62M -0.64M -0.64M -0.63M -0.68M -0.82M -1.08M -1.49M -1.70M -3.66M -7.85M -11.62M -15.12M -23.92M -11.99M
Net Debt Issuance 0.00M 0.00M 1,628.74M -12.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.64M -16.32M -53.17M -232.59M -432.06M -52.85M -334.23M 9.08M 0.00M
Levered Free Cash Flow 1,805.13M 1,000.00M 3,244.75M -17.65M -56.31M -459.73M -92.60M 649.86M 601.57M 472.89M 201.70M 13.28M 40.70M 194.87M 32.57M 784.34M 1,388.67M 943.00M 1,914.20M 1,410.47M