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Definitive Analysis

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Page: Company Financials

TV TOKYO Holdings Corporation

Ticker: 9413.T | Industry: Broadcasting | Sector: Communication Services
$4,605.00 -25.00 (-0.54%)
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
Stock Price 3,980.00 3,440.00 2,950.50 1,918.75 2,195.00 2,370.25 2,348.75 2,840.50 2,402.50 2,148.50 2,116.75 2,060.75 1,545.25 954.50 1,057.50
Market Capitalization 106,108.08M 92,776.03M 80,212.04M 53,099.42M 61,626.81M 66,908.46M 66,417.34M 80,323.66M 67,937.90M 60,755.28M 59,857.46M 58,268.08M 41,576.50M 25,682.73M 28,446.44M
(-) Cash & Equivalents 41,811.00M 39,161.50M 38,359.75M 37,731.00M 32,378.50M 29,345.25M 27,596.50M 25,526.25M 22,283.00M 21,933.25M 25,136.75M 20,571.00M 17,732.75M 18,265.50M 22,489.25M
(+) Total Debt 5,975.33M 5,878.00M 5,626.25M 5,371.75M 5,155.25M 5,187.25M 5,194.50M 5,187.25M 5,178.00M 1,481.75M 1,264.50M 1,313.25M 1,275.75M 1,730.50M 3,366.50M
Enterprise Value 70,272.42M 59,492.53M 47,478.54M 20,740.17M 34,403.56M 42,750.46M 44,015.34M 59,984.66M 50,832.90M 40,303.78M 35,985.21M 39,010.33M 25,119.50M 9,147.73M 9,323.69M

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
Revenue 162,031M 151,411M 155,837M 148,587M 150,963M 148,070M 139,084M 145,173M 149,229M 147,103M 142,679M 136,216M 128,667M 120,696M 115,379M 111,521M 107,327M
Cost of Revenue 108,511M 105,080M 108,607M 102,844M 103,449M 101,807M 100,742M 104,928M 106,146M 103,127M 99,054M 93,920M 90,180M 84,491M 83,639M 80,605M 77,454M
Gross Profit 53,520M 46,331M 47,230M 45,743M 47,514M 46,263M 38,342M 40,245M 43,083M 43,976M 43,625M 42,296M 38,487M 36,205M 31,740M 30,916M 29,873M
Gross Profit Margin 33.0% 30.6% 30.3% 30.8% 31.5% 31.2% 27.6% 27.7% 28.9% 29.9% 30.6% 31.1% 29.9% 30.0% 27.5% 27.7% 27.8%
R&D Expenses 0M 255M 0M 200M 187M 183M 51M 49M 84M 59M 58M 55M 54M 23M 32M 0M 0M
SG&A Expenses 40,379M 37,459M 39,440M 36,206M 36,897M 36,206M 31,499M 33,469M 35,770M 35,263M 36,352M 34,361M 32,951M 31,000M 15,594M 14,944M 14,212M
Operating Expenses 40,682M 38,238M 39,440M 36,907M 38,278M 37,674M 33,108M 35,113M 37,131M 36,540M 37,226M 35,019M 33,481M 31,444M 29,999M 23,882M 22,772M
Operating Income (EBIT) 12,838M 8,093M 7,790M 8,836M 9,236M 8,589M 5,234M 5,132M 5,952M 7,436M 6,399M 7,277M 5,006M 4,761M 1,741M 7,034M 7,101M
Operating Income Margin 7.9% 5.3% 5.0% 5.9% 6.1% 5.8% 3.8% 3.5% 4.0% 5.1% 4.5% 5.3% 3.9% 3.9% 1.5% 6.3% 6.6%
Interest Income 45M 6M 18M 3M 2M 1M 2M 3M 4M 4M 8M 23M 25M 28M 36M 39M 24M
Interest Expense 50M 29M 39M 24M 23M 24M 25M 27M 29M 29M 20M 21M 24M 25M 21M 33M 80M
Net Interest Income -5M -23M -21M -21M -21M -23M -23M -24M -25M -25M -12M 2M 1M 3M 15M 6M -56M
Unusual Items 840M 224M 974M 1,486M 514M 662M -491M 27M 113M 2,042M 706M 436M 176M -702M -989M -5,275M -3,602M
EBT Excluding Unusual Items 12,833M 8,070M 7,769M 8,815M 9,215M 8,566M 5,211M 5,108M 5,927M 7,411M 6,387M 7,279M 5,007M 4,764M 1,756M 7,040M 7,045M
Pre-Tax Income 13,673M 8,294M 8,743M 10,301M 9,729M 9,228M 4,720M 5,135M 6,040M 9,453M 7,093M 7,715M 5,183M 4,062M 767M 1,765M 3,443M
Pre-Tax Margin 8.4% 5.5% 5.6% 6.9% 6.4% 6.2% 3.4% 3.5% 4.0% 6.4% 5.0% 5.7% 4.0% 3.4% 0.7% 1.6% 3.2%
Income Tax Expense 4,363M 2,859M 2,705M 3,553M 3,013M 3,064M 1,930M 2,292M 2,594M 3,159M 2,523M 2,786M 1,876M 968M 819M 73M 491M
Net Income 9,301M 5,444M 6,035M 6,736M 6,724M 6,024M 2,575M 2,590M 3,234M 6,058M 4,286M 4,706M 3,089M 2,797M -340M 1,388M 2,694M
Net Income Margin 5.7% 3.6% 3.9% 4.5% 4.5% 4.1% 1.9% 1.8% 2.2% 4.1% 3.0% 3.5% 2.4% 2.3% -0.3% 1.2% 2.5%
Depreciation & Amortization 4,567M 3,096M 4,236M 4,012M 4,117M 4,136M 4,331M 4,201M 3,801M 3,696M 2,586M 2,893M 2,655M 2,639M 3,015M 2,836M 2,864M
EBITDA 17,405M 11,189M 12,026M 12,848M 13,353M 12,725M 9,565M 9,333M 9,753M 11,132M 8,985M 10,170M 7,661M 7,400M 4,756M 9,870M 9,965M
EBITDA Margin 10.7% 7.4% 7.7% 8.6% 8.8% 8.6% 6.9% 6.4% 6.5% 7.6% 6.3% 7.5% 6.0% 6.1% 4.1% 8.9% 9.3%
NOPAT 8,741M 5,303M 5,380M 5,788M 6,376M 5,737M 3,094M 2,841M 3,396M 4,951M 4,123M 4,649M 3,194M 3,626M -118M 6,743M 6,088M
NOPAT Margin 5.4% 3.5% 3.5% 3.9% 4.2% 3.9% 2.2% 2.0% 2.3% 3.4% 2.9% 3.4% 2.5% 3.0% -0.1% 6.0% 5.7%
Owner's Earnings 13,868M 8,540M 9,163M 5,836M 7,220M 8,251M 5,864M 2,303M 3,850M 5,885M -8,161M 2,731M 2,456M 2,755M -70M 1,359M 3,156M
Owner's Earnings Margin 8.6% 5.6% 5.9% 3.9% 4.8% 5.6% 4.2% 1.6% 2.6% 4.0% -5.7% 2.0% 1.9% 2.3% -0.1% 1.2% 2.9%
EPS (Basic) 348.15 201.34 224.31 248.44 244.09 214.87 91.12 91.59 114.36 214.23 151.57 166.43 109.26 102.19 -12.64 51.60 112.79
EPS (Diluted) 348.21 201.45 224.34 248.44 244.09 214.87 91.12 91.59 114.36 214.23 151.57 166.42 109.23 102.17 -12.64 51.59 112.78
Shares (Basic) 27M 27M 27M 27M 28M 28M 28M 28M 28M 28M 28M 28M 28M 27M 27M 27M 24M
Shares (Diluted) 27M 27M 27M 27M 28M 28M 28M 28M 28M 28M 28M 28M 28M 27M 27M 27M 24M

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
Cash & Cash Equivalents 42,179.00M 41,096.00M 42,158.00M 40,199.00M 41,787.00M 38,138.00M 31,247.00M 32,417.00M 29,485.00M 26,377.00M 22,290.00M 26,643.00M 25,950.00M 20,286.00M 18,475.00M 20,695.00M 26,407.00M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 453.00M 447.00M 447.00M 456.00M 972.00M 0.00M 999.00M 998.00M 0.00M 0.00M
Cash & Short-Term Investments 42,179.00M 41,096.00M 42,158.00M 40,199.00M 41,787.00M 38,138.00M 31,247.00M 32,870.00M 29,932.00M 26,824.00M 22,746.00M 27,615.00M 25,950.00M 21,285.00M 19,473.00M 20,695.00M 26,407.00M
Net Receivables 35,062.00M 33,636.00M 34,742.00M 32,727.00M 29,196.00M 31,353.00M 26,309.00M 25,792.00M 28,756.00M 28,881.00M 26,485.00M 25,470.00M 24,267.00M 22,846.00M 20,562.00M 21,716.00M 18,887.00M
Inventory 10,079.00M 10,056.00M 10,033.00M 10,664.00M 10,734.00M 9,327.00M 11,865.00M 12,394.00M 10,826.00M 10,405.00M 9,168.00M 10,075.00M 10,419.00M 10,986.00M 9,843.00M 110.00M 90.00M
Other Current Assets 2,815.00M 2,481.00M 3,503.00M 5,164.00M 3,987.00M 1,406.00M 1,671.00M 1,581.00M 2,414.00M 2,309.00M 4,296.00M 2,226.00M 1,900.00M 2,359.00M 3,335.00M 2,531.00M 1,638.00M
Total Current Assets 90,135.00M 87,269.00M 90,436.00M 88,754.00M 85,704.00M 80,224.00M 71,092.00M 72,637.00M 71,928.00M 68,419.00M 62,695.00M 65,386.00M 62,536.00M 57,476.00M 53,213.00M 45,052.00M 47,022.00M
Property, Plant & Equipment 22,149.00M 22,310.00M 22,961.00M 24,307.00M 25,272.00M 26,879.00M 29,054.00M 31,645.00M 32,976.00M 32,380.00M 33,121.00M 20,388.00M 18,267.00M 17,297.00M 17,349.00M 17,876.00M 16,621.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 400.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 621.00M 1,467.00M
Intangible Assets 6,675.00M 6,373.00M 6,476.00M 5,651.00M 3,266.00M 1,798.00M 1,740.00M 1,972.00M 2,134.00M 2,048.00M 2,048.00M 1,519.00M 1,085.00M 1,021.00M 1,018.00M 1,006.00M 755.00M
Long-Term Investments 22,288.00M 22,202.00M 20,662.00M 21,082.00M 17,829.00M 17,585.00M 18,755.00M 12,737.00M 21,073.00M 15,746.00M 13,506.00M 12,068.00M 14,010.00M 10,014.00M 8,527.00M 8,496.00M 7,785.00M
Tax Assets 0.00M 0.00M 1,151.00M 941.00M 965.00M 931.00M 756.00M 838.00M 797.00M 423.00M 401.00M 382.00M 343.00M 348.00M 343.00M 561.00M 637.00M
Other Non-Current Assets 7,236.00M 7,038.00M 6,157.00M 6,355.00M 6,495.00M 6,656.00M 6,676.00M 4,999.00M 6.00M 4,963.00M 4,958.00M 5,026.00M 4,322.00M 5,495.00M 5,494.00M 4,569.00M 3,894.00M
Other Assets 1.00M 0.00M 2.00M 3.00M 2.00M 3.00M 2.00M 3.00M 3.00M 3.00M 2.00M 2.00M 2.00M 3.00M 3.00M 0.00M 0.00M
Total Non-Current Assets 58,349.00M 57,923.00M 57,409.00M 58,339.00M 54,229.00M 53,852.00M 56,983.00M 52,194.00M 56,989.00M 55,563.00M 54,036.00M 39,385.00M 38,029.00M 34,178.00M 32,734.00M 33,129.00M 31,159.00M
Total Assets 148,484.00M 145,192.00M 147,845.00M 147,093.00M 139,933.00M 134,076.00M 128,075.00M 124,831.00M 128,917.00M 123,982.00M 116,731.00M 104,771.00M 100,565.00M 91,654.00M 85,947.00M 78,181.00M 78,181.00M
Accounts Payable 4,142.00M 4,312.00M 5,016.00M 5,536.00M 5,910.00M 4,855.00M 4,995.00M 5,341.00M 3,879.00M 4,911.00M 4,923.00M 4,219.00M 4,011.00M 3,454.00M 3,184.00M 2,949.00M 3,126.00M
Short-Term Debt 5,263.00M 5,276.00M 5,266.00M 5,265.00M 5,268.00M 5,100.00M 5,100.00M 5,100.00M 5,100.00M 5,100.00M 5,100.00M 100.00M 1,100.00M 1,100.00M 1,100.00M 2,600.00M 100.00M
Tax Payables 2,434.00M 0.00M 0.00M 2,262.00M 1,020.00M 1,524.00M 895.00M 835.00M 830.00M 1,136.00M 888.00M 1,958.00M 674.00M 541.00M 366.00M 485.00M 489.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 25,632.00M 23,072.00M 18,977.00M 17,696.00M 18,601.00M 17,853.00M 15,908.00M 14,182.00M 12,773.00M 11,868.00M 10,734.00M 10,933.00M 9,729.00M
Other Current Liabilities 27,181.00M 27,300.00M 27,821.00M 28,069.00M 1,351.00M 2,659.00M 1,630.00M 4,231.00M 6,938.00M 2,795.00M 3,556.00M 3,265.00M 3,532.00M 1,387.00M 13,164.00M 13,298.00M 10,344.00M
Total Current Liabilities 39,020.00M 36,888.00M 38,103.00M 41,132.00M 39,181.00M 37,210.00M 31,597.00M 33,203.00M 35,348.00M 31,795.00M 30,375.00M 23,724.00M 22,090.00M 18,350.00M 28,548.00M 30,265.00M 23,788.00M
Long-Term Debt 389.00M 425.00M 381.00M 451.00M 655.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5,000.00M
Capital Lease Obligations 0.00M 0.00M 926.00M 892.00M 629.00M 115.00M 221.00M 349.00M 378.00M 349.00M 312.00M 527.00M 658.00M 853.00M 703.00M 1,022.00M 566.00M
Deferred Tax Liabilities 0.00M 0.00M 685.00M 647.00M 484.00M 661.00M 1,125.00M 288.00M 1,118.00M 1,742.00M 1,438.00M 1,033.00M 1,544.00M 574.00M 297.00M 0.00M 3.00M
Other Non-Current Liabilities 3,628.00M 3,906.00M 1,766.00M 2,393.00M 3,060.00M 3,706.00M 4,109.00M 71.00M 72.00M 1,815.00M 1,510.00M 1,087.00M 1,600.00M 633.00M 358.00M 4,215.00M 61.00M
Total Non-Current Liabilities 4,017.00M 4,331.00M 3,758.00M 4,383.00M 4,828.00M 4,482.00M 5,455.00M 708.00M 1,568.00M 3,906.00M 3,260.00M 2,647.00M 3,802.00M 2,060.00M 1,358.00M 5,237.00M 5,630.00M
Total Liabilities 43,037.00M 41,219.00M 41,861.00M 45,515.00M 44,009.00M 41,692.00M 37,052.00M 33,911.00M 36,916.00M 35,701.00M 33,635.00M 26,371.00M 25,892.00M 20,410.00M 29,906.00M 35,502.00M 29,418.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 81,668.00M 80,690.00M 79,230.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M 10,000.00M
Retained Earnings 73,976.00M 71,362.00M 71,022.00M 67,149.00M 62,593.00M 57,530.00M 52,447.00M 50,983.00M 49,523.00M 47,766.00M 42,839.00M 39,684.00M 36,038.00M 34,435.00M 32,310.00M 33,214.00M 32,767.00M
Accumulated OCI 6,083.00M 6,062.00M 5,074.00M 4,988.00M 2,950.00M 3,500.00M 4,413.00M 1,640.00M 3,816.00M 3,911.00M 3,512.00M 2,884.00M 3,550.00M 1,268.00M 713.00M 0.00M 0.00M
Minority Interest 133.00M 133.00M 196.00M 193.00M 191.00M 221.00M 2,991.00M 2,866.00M 2,677.00M 2,539.00M 2,381.00M 2,146.00M 1,957.00M 1,813.00M 1,634.00M 1,707.00M 1,542.00M
Total Shareholders’ Equity 90,059.00M 87,424.00M 86,096.00M 82,137.00M 75,543.00M 71,030.00M 148,528.00M 143,313.00M 142,569.00M 61,677.00M 56,351.00M 52,568.00M 49,588.00M 45,703.00M 43,023.00M 43,214.00M 42,767.00M
Total Equity 90,192.00M 87,557.00M 86,292.00M 82,330.00M 75,734.00M 71,251.00M 151,519.00M 146,179.00M 145,246.00M 64,216.00M 58,732.00M 54,714.00M 51,545.00M 47,516.00M 44,657.00M 44,921.00M 44,309.00M
Total Liabilities & Equity 133,229.00M 128,776.00M 128,153.00M 127,845.00M 119,743.00M 112,943.00M 188,571.00M 180,090.00M 182,162.00M 99,917.00M 92,367.00M 81,085.00M 77,437.00M 67,926.00M 74,563.00M 80,423.00M 73,727.00M
Tangible Assets 141,809.00M 138,819.00M 141,369.00M 141,442.00M 136,267.00M 132,278.00M 126,335.00M 122,859.00M 126,783.00M 121,934.00M 114,683.00M 103,252.00M 99,480.00M 90,633.00M 84,929.00M 76,554.00M 75,959.00M
Tangible Equity 83,517.00M 81,184.00M 79,816.00M 76,679.00M 72,068.00M 69,453.00M 149,779.00M 144,207.00M 143,112.00M 62,168.00M 56,684.00M 53,195.00M 50,460.00M 46,495.00M 43,639.00M 43,294.00M 42,087.00M
Tangible Book Value 83,517.00M 81,184.00M 79,816.00M 76,679.00M 72,068.00M 69,453.00M 149,779.00M 144,207.00M 143,112.00M 62,168.00M 56,684.00M 53,195.00M 50,460.00M 46,495.00M 43,639.00M 43,294.00M 42,087.00M
Total Investments 28,365.00M 22,202.00M 20,662.00M 21,080.00M 17,829.00M 17,577.00M 18,755.00M 13,190.00M 16,431.00M 16,193.00M 13,962.00M 13,040.00M 14,010.00M 11,013.00M 9,525.00M 8,496.00M 7,785.00M
Net Debt -36,527.00M -35,395.00M -36,511.00M -34,483.00M -35,864.00M -33,038.00M -26,147.00M -27,317.00M -24,385.00M -21,277.00M -17,190.00M -26,543.00M -24,850.00M -19,186.00M -17,375.00M -18,095.00M -21,307.00M

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
Working Capital 51,115.0M 48,926.0M 48,074.0M 45,152.0M 43,863.0M 40,388.0M 37,425.0M 38,259.0M 34,976.0M 35,097.0M 30,594.0M 40,980.0M 39,263.0M 37,861.0M 33,997.0M 34,276.0M 40,001.0M
Total Capital 110,966.0M 108,083.0M 108,277.0M 105,682.0M 99,712.0M 94,830.0M 91,402.0M 87,779.0M 88,524.0M 86,837.0M 81,473.0M 72,906.0M 71,060.0M 67,371.0M 62,385.0M 64,649.0M 65,544.0M
Capital Employed 109,464.0M 106,849.0M 105,481.0M 103,488.0M 98,092.0M 94,240.0M 94,408.0M 90,453.0M 91,965.0M 90,660.0M 84,630.0M 80,365.0M 77,292.0M 72,039.0M 66,731.0M 67,405.0M 71,160.0M
Invested Capital 68,787.0M 66,987.0M 66,119.0M 65,483.0M 57,925.0M 56,692.0M 60,155.0M 55,362.0M 59,039.0M 60,460.0M 59,183.0M 46,263.0M 45,110.0M 47,085.0M 43,910.0M 43,954.0M 39,137.0M

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
Net Income 7,479.00M 5,751.00M 6,035.00M 6,737.00M 9,729.00M 9,228.00M 4,720.00M 5,135.00M 6,040.00M 9,453.00M 7,093.00M 7,715.00M 5,183.00M 4,062.00M 767.00M 1,765.00M 3,443.00M
Depreciation & Amortization 0.00M 2,014.00M 4,236.00M 4,012.00M 4,117.00M 4,136.00M 4,331.00M 4,201.00M 3,801.00M 3,696.00M 2,586.00M 2,893.00M 2,655.00M 2,639.00M 3,015.00M 2,836.00M 2,864.00M
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
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
Change in Working Capital 0.00M 0.00M -1,274.00M -3,443.00M 4,499.00M 3,142.00M -2,695.00M 1,366.00M 2,163.00M -970.00M 3,497.00M -417.00M 1,201.00M -2,717.00M 1,346.00M -2,331.00M 2,448.00M
Accounts Receivable 0.00M 0.00M -2,000.00M -3,528.00M 2,301.00M -4,436.00M -516.00M 2,965.00M 124.00M -2,395.00M -1,014.00M -1,201.00M -1,412.00M -2,256.00M 64.00M 0.00M 0.00M
Inventory 0.00M 0.00M 632.00M 70.00M -562.00M 2,537.00M 528.00M -1,567.00M -421.00M -1,235.00M 907.00M 342.00M 566.00M -1,151.00M 652.00M -1,903.00M 1,394.00M
Accounts Payable 0.00M 0.00M -519.00M -374.00M 951.00M -139.00M -346.00M 1,462.00M -1,032.00M -12.00M 704.00M 208.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 0.00M 613.00M 389.00M 1,809.00M 5,180.00M -2,361.00M -1,494.00M 3,492.00M 265.00M 2,590.00M -759.00M 635.00M -1,566.00M 694.00M -428.00M 1,054.00M
Other Non-Cash Items -7,479.00M -3,737.00M -1,428.00M -835.00M -7,210.00M -3,007.00M -498.00M -1,901.00M -3,058.00M -2,514.00M -5,930.00M -1,781.00M 220.00M 96.00M -1,152.00M -508.00M -2,242.00M
Net Cash from Operating Activities 0.00M 4,028.00M 7,569.00M 6,471.00M 11,135.00M 13,499.00M 5,858.00M 8,801.00M 8,946.00M 9,665.00M 7,246.00M 8,410.00M 9,259.00M 4,080.00M 3,976.00M 1,762.00M 6,513.00M
Capital Expenditures (PPE) 0.00M 0.00M -3,293.00M -4,912.00M -3,621.00M -1,909.00M -1,042.00M -4,488.00M -3,185.00M -3,869.00M -15,033.00M -4,868.00M -3,288.00M -2,681.00M -2,745.00M -2,865.00M -2,402.00M
Acquisitions (Net) 0.00M 0.00M 0.00M -438.00M -395.00M -788.00M -3,632.00M -600.00M -752.00M -604.00M -1,030.00M -807.00M 9.00M -341.00M 315.00M -581.00M -170.00M
Purchases of Investments 0.00M 0.00M -13,972.00M -9,601.00M -13,259.00M -10,248.00M -7,298.00M -6,663.00M -6,904.00M -9,015.00M -7,339.00M -28,229.00M -25,574.00M -29,081.00M -14,756.00M -306.00M -210.00M
Sales / Maturities of Investments 0.00M 0.00M 14,977.00M 10,081.00M 8,686.00M 10,747.00M 7,855.00M 6,795.00M 7,024.00M 8,965.00M 13,229.00M 31,572.00M 26,418.00M 28,098.00M 13,531.00M 191.00M 205.00M
Other Investing Activities 0.00M 0.00M 273.00M 164.00M 255.00M 849.00M 165.00M 929.00M 622.00M 724.00M 277.00M 848.00M 79.00M 318.00M -213.00M -2,067.00M -9,959.00M
Net Cash from Investing Activities 0.00M 0.00M -2,015.00M -4,706.00M -8,334.00M -1,349.00M -3,952.00M -4,027.00M -3,195.00M -3,799.00M -9,896.00M -1,484.00M -2,356.00M -3,687.00M -3,868.00M -5,628.00M -12,536.00M
Net Debt Issuance 0.00M 0.00M -253.00M -207.00M -149.00M -120.00M -151.00M -136.00M -154.00M 0.00M 5,000.00M -1,000.00M 0.00M 0.00M -1,500.00M -2,680.00M -1,367.00M
Long-Term Debt Issuance 0.00M 0.00M -253.00M -207.00M -49.00M -120.00M -151.00M -136.00M -154.00M 0.00M 0.00M -237.00M 0.00M 0.00M 0.00M -5,000.00M -4.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M -100.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5,000.00M -1,000.00M 0.00M 0.00M -1,500.00M 2,500.00M -1,200.00M
Net Stock Issuance 0.00M 0.00M -1,637.00M -973.00M -929.00M -683.00M -485.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1.00M 2,155.00M 0.00M 0.00M -622.00M
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 2,156.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M -1,637.00M -973.00M -929.00M -683.00M -485.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1.00M -1.00M 0.00M 0.00M -622.00M
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
Net Dividends Paid 0.00M 0.00M -2,163.00M -2,178.00M -1,660.00M -1,124.00M -1,131.00M -1,130.00M -1,413.00M -1,130.00M -1,129.00M -1,060.00M -988.00M -672.00M -605.00M -945.00M -516.00M
Common Dividends Paid 0.00M 0.00M -2,163.00M -2,178.00M -1,660.00M -1,124.00M -1,131.00M -1,130.00M -1,413.00M -1,130.00M -1,129.00M -1,060.00M -988.00M -672.00M -605.00M -945.00M -516.00M
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
Other Financing Activities 0.00M 0.00M -2.00M -56.00M -401.00M -2,866.00M -91.00M -73.00M -71.00M -297.00M -298.00M -273.00M -336.00M -248.00M -265.00M -137.00M 65.00M
Net Cash from Financing Activities 0.00M 0.00M -4,055.00M -3,414.00M -3,139.00M -4,793.00M -1,858.00M -1,339.00M -1,638.00M -1,427.00M 3,573.00M -2,333.00M -1,325.00M 1,235.00M -2,370.00M -3,762.00M -2,440.00M
Effect of FX on Cash 0.00M 0.00M 28.00M 14.00M 48.00M 27.00M -14.00M -3.00M -4.00M -7.00M -8.00M 0.00M 27.00M 17.00M 9.00M -3.00M -8.00M
Net Change in Cash 0.00M -1,785.00M 1,527.00M -1,634.00M -291.00M 7,385.00M 33.00M 3,431.00M 4,109.00M 4,430.00M 916.00M 4,593.00M 5,605.00M 1,645.00M -2,254.00M -7,632.00M 1,492.00M
Cash at Beginning of Period 0.00M 108,781.00M 36,153.00M 37,787.00M 38,078.00M 30,693.00M 30,660.00M 27,229.00M 23,120.00M 18,690.00M 17,774.00M 13,181.00M 7,576.00M 5,931.00M 8,185.00M 15,817.00M 14,325.00M
Cash at End of Period 0.00M 106,422.00M 37,680.00M 36,153.00M 37,787.00M 38,078.00M 30,693.00M 30,660.00M 27,229.00M 23,120.00M 18,690.00M 17,774.00M 13,181.00M 7,576.00M 5,931.00M 8,185.00M 15,817.00M
Operating Cash Flow 0.00M 4,028.00M 7,569.00M 6,471.00M 11,135.00M 13,499.00M 5,858.00M 8,801.00M 8,946.00M 9,665.00M 7,246.00M 8,410.00M 9,259.00M 4,080.00M 3,976.00M 1,762.00M 6,513.00M
Capital Expenditure 0.00M 0.00M -1,108.00M -4,912.00M -3,621.00M -1,909.00M -1,042.00M -4,488.00M -3,185.00M -3,869.00M -15,033.00M -4,868.00M -3,288.00M -2,681.00M -2,745.00M -2,865.00M -2,402.00M
Free Cash Flow 0.00M 4,028.00M 6,461.00M 1,559.00M 7,514.00M 11,590.00M 4,816.00M 4,313.00M 5,761.00M 5,796.00M -7,787.00M 3,542.00M 5,971.00M 1,399.00M 1,231.00M -1,103.00M 4,111.00M

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
EBITDA 14,877.00M 12,463.00M 12,026.00M 13,349.00M 14,547.00M 14,010.00M 11,123.00M 10,928.00M 11,030.00M 12,350.00M 9,801.00M 10,773.00M 8,137.00M 7,821.00M 19,129.00M 18,808.00M 18,525.00M
(-) Tax Adjustment 4,582.72M 4,362.05M 3,720.73M 4,604.31M 4,505.10M 4,651.78M 3,893.05M 3,824.80M 3,860.50M 4,127.12M 3,430.35M 3,770.55M 2,847.95M 1,863.79M 6,695.15M 777.89M 2,641.82M
(-) Change In Working Capital 0.00M 0.00M -1,274.00M -3,443.00M 4,499.00M 3,142.00M -2,695.00M 1,366.00M 2,163.00M -970.00M 3,497.00M -417.00M 1,201.00M -2,717.00M 1,346.00M -2,331.00M 2,448.00M
(-) Capital Expenditure 0.00M 0.00M -1,108.00M -4,912.00M -3,621.00M -1,909.00M -1,042.00M -4,488.00M -3,185.00M -3,869.00M -15,033.00M -4,868.00M -3,288.00M -2,681.00M -2,745.00M -2,865.00M -2,402.00M
Unlevered Free Cash Flow 10,294.28M 8,100.95M 8,471.27M 7,275.69M 1,921.90M 4,307.22M 8,882.95M 1,249.20M 1,821.50M 5,323.88M -12,159.35M 2,551.45M 800.05M 5,993.21M 8,342.85M 17,496.11M 11,033.18M
(-) Net Interest Income After Taxes -9.69M -14.95M -14.50M -13.76M -14.50M -15.36M -14.95M -15.60M -16.25M -16.65M -7.80M 1.30M 0.65M 2.29M 9.75M 5.75M -48.01M
Net Debt Issuance 0.00M 0.00M -253.00M -207.00M -149.00M -120.00M -151.00M -136.00M -154.00M 0.00M 5,000.00M -1,000.00M 0.00M 0.00M -1,500.00M -2,680.00M -1,367.00M
Levered Free Cash Flow 10,303.97M 8,115.90M 8,232.77M 7,082.45M 1,787.40M 4,202.58M 8,746.90M 1,128.80M 1,683.75M 5,340.53M -7,151.55M 1,550.15M 799.40M 5,990.92M 6,833.10M 14,810.35M 9,714.20M