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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Taiwan Fu Hsing Industrial Co.,Ltd.

Ticker: 9924.TW | Industry: Security & Protection Services | Sector: Industrials
$48.60 -0.60 (-1.22%)
As of: 2026-01-28

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Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Stock Price 59.59 67.41 55.46 51.46 54.74 50.84 53.86 43.94 50.25 56.30 52.67 38.33 37.61 27.91 24.28 26.05
Market Capitalization 10,952.28M 12,692.13M 10,450.61M 9,706.27M 10,316.20M 9,568.64M 10,149.02M 8,285.87M 9,464.29M 10,604.56M 9,934.16M 7,235.01M 7,075.72M 5,257.54M 4,576.09M 4,908.70M
(-) Cash & Equivalents 2,082.36M 2,687.46M 2,021.71M 2,239.23M 1,916.98M 1,895.40M 1,985.18M 1,550.34M 2,110.50M 1,938.44M 1,294.43M 954.02M 800.92M 569.24M 399.51M 144.72M
(+) Total Debt 323.42M 362.67M 393.37M 384.77M 505.02M 534.93M 576.90M 401.15M 321.62M 302.85M 321.61M 379.78M 290.02M 239.56M 166.83M 53.76M
Enterprise Value 9,193.34M 10,367.33M 8,822.26M 7,851.80M 8,904.24M 8,208.17M 8,740.74M 7,136.68M 7,675.41M 8,968.98M 8,961.34M 6,660.77M 6,564.83M 4,927.86M 4,343.41M 4,817.74M

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
Revenue 7,610M 8,624M 8,039M 9,073M 9,531M 9,686M 9,034M 8,682M 8,303M 8,006M 8,399M 7,987M 7,075M 5,888M 5,015M 4,324M 4,448M 3,984M 3,992M 5,340M 6,502M
Cost of Revenue 5,899M 6,549M 6,130M 7,009M 7,683M 7,998M 6,869M 6,625M 6,579M 6,364M 6,283M 6,175M 5,718M 4,935M 4,158M 3,644M 3,640M 3,235M 3,383M 4,867M 5,891M
Gross Profit 1,711M 2,075M 1,910M 2,065M 1,848M 1,688M 2,165M 2,057M 1,724M 1,642M 2,115M 1,811M 1,356M 953M 857M 680M 807M 749M 609M 473M 611M
Gross Profit Margin 22.5% 24.1% 23.8% 22.8% 19.4% 17.4% 24.0% 23.7% 20.8% 20.5% 25.2% 22.7% 19.2% 16.2% 17.1% 15.7% 18.2% 18.8% 15.2% 8.9% 9.4%
R&D Expenses 195M 197M 195M 194M 196M 209M 205M 197M 186M 171M 203M 193M 201M 161M 93M 88M 92M 96M 111M 106M 96M
SG&A Expenses 704M 760M 752M 724M 749M 717M 739M 719M 711M 663M 806M 767M 656M 483M 416M 364M 347M 350M 378M 353M 335M
Operating Expenses 900M 957M 947M 918M 945M 926M 945M 915M 897M 834M 1,009M 960M 857M 644M 510M 452M 440M 446M 489M 459M 431M
Operating Income (EBIT) 811M 1,118M 963M 1,147M 903M 763M 1,220M 1,142M 827M 808M 1,107M 851M 499M 309M 347M 228M 368M 303M 120M 14M 180M
Operating Income Margin 10.7% 13.0% 12.0% 12.6% 9.5% 7.9% 13.5% 13.2% 10.0% 10.1% 13.2% 10.7% 7.1% 5.2% 6.9% 5.3% 8.3% 7.6% 3.0% 0.3% 2.8%
Interest Income 88M 83M 86M 59M 29M 15M 18M 28M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 8M 21M 50M
Interest Expense 7M 9M 9M 8M 6M 6M 7M 8M 3M 1M 1M 1M 3M 3M 1M 0M 0M 0M 15M 6M 4M
Net Interest Income 81M 74M 76M 51M 23M 10M 11M 21M -3M -1M -1M -1M -3M -3M -1M 0M 0M 0M -7M 15M 46M
Unusual Items -71M 25M 184M 78M 279M 41M -126M -8M 151M -68M 54M 226M 175M 457M 151M 153M 60M 80M -106M 243M 230M
EBT Excluding Unusual Items 892M 1,192M 1,039M 1,198M 926M 772M 1,231M 1,162M 825M 807M 1,106M 850M 496M 306M 347M 228M 368M 303M 113M 29M 226M
Pre-Tax Income 821M 1,217M 1,223M 1,277M 1,205M 813M 1,105M 1,154M 975M 739M 1,161M 1,076M 671M 763M 497M 381M 427M 383M 7M 272M 456M
Pre-Tax Margin 10.8% 14.1% 15.2% 14.1% 12.6% 8.4% 12.2% 13.3% 11.7% 9.2% 13.8% 13.5% 9.5% 13.0% 9.9% 8.8% 9.6% 9.6% 0.2% 5.1% 7.0%
Income Tax Expense 213M 293M 307M 327M 291M 139M 272M 311M 264M 169M 335M 260M 145M 170M 99M 52M 74M 49M 6M 74M 65M
Net Income 600M 919M 910M 947M 910M 667M 824M 826M 693M 550M 820M 796M 508M 581M 386M 319M 347M 356M 64M 198M 526M
Net Income Margin 7.9% 10.7% 11.3% 10.4% 9.5% 6.9% 9.1% 9.5% 8.3% 6.9% 9.8% 10.0% 7.2% 9.9% 7.7% 7.4% 7.8% 8.9% 1.6% 3.7% 8.1%
Depreciation & Amortization 211M 217M 218M 221M 217M 235M 233M 194M 169M 169M 199M 187M 174M 154M 142M 153M 177M 211M 214M 187M 173M
EBITDA 1,023M 1,335M 1,181M 1,368M 1,121M 998M 1,453M 1,335M 996M 977M 1,305M 1,038M 674M 462M 489M 381M 544M 514M 334M 201M 353M
EBITDA Margin 13.4% 15.5% 14.7% 15.1% 11.8% 10.3% 16.1% 15.4% 12.0% 12.2% 15.5% 13.0% 9.5% 7.8% 9.8% 8.8% 12.2% 12.9% 8.4% 3.8% 5.4%
NOPAT 600M 848M 722M 853M 685M 632M 919M 834M 603M 623M 787M 646M 392M 240M 278M 197M 304M 264M 6M 10M 154M
NOPAT Margin 7.9% 9.8% 9.0% 9.4% 7.2% 6.5% 10.2% 9.6% 7.3% 7.8% 9.4% 8.1% 5.5% 4.1% 5.5% 4.5% 6.8% 6.6% 0.2% 0.2% 2.4%
Owner's Earnings 452M 929M 843M 719M 576M 736M 877M 686M 101M 161M 918M 752M 217M 567M 366M 387M 439M 461M -32M -11M 437M
Owner's Earnings Margin 5.9% 10.8% 10.5% 7.9% 6.0% 7.6% 9.7% 7.9% 1.2% 2.0% 10.9% 9.4% 3.1% 9.6% 7.3% 8.9% 9.9% 11.6% -0.8% -0.2% 6.7%
EPS (Basic) 3.90 6.09 6.03 6.28 6.03 4.43 5.46 4.38 3.68 2.92 4.35 4.22 2.70 3.08 2.12 1.69 1.84 1.77 0.24 1.03 2.71
EPS (Diluted) 3.22 4.80 4.73 4.93 4.70 3.46 4.26 4.27 3.58 2.86 4.30 4.18 2.68 3.07 2.04 1.68 1.83 1.89 0.33 1.03 2.71
Shares (Basic) 185M 188M 188M 188M 188M 188M 188M 188M 188M 188M 188M 188M 188M 188M 188M 188M 188M 188M 191M 192M 194M
Shares (Diluted) 186M 191M 192M 192M 194M 193M 194M 193M 193M 192M 191M 190M 189M 189M 189M 189M 189M 188M 192M 192M 194M

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
Cash & Cash Equivalents 1,777.61M 1,698.61M 2,582.19M 2,186.56M 2,439.03M 2,019.32M 1,732.26M 2,248.95M 1,701.96M 2,036.24M 2,315.32M 1,628.44M 1,000.96M 878.73M 667.74M 439.68M 578.90M 742.32M 360.59M 344.25M 626.98M
Short-Term Investments 955.22M 849.28M 931.48M 896.12M 200.17M 132.43M 706.74M 175.01M 330.39M 117.75M 225.69M 513.16M 42.50M 302.24M 402.47M 455.84M 501.22M 390.48M 137.45M 550.47M 701.34M
Cash & Short-Term Investments 2,732.82M 2,547.89M 3,513.67M 3,082.68M 2,639.20M 2,151.75M 2,439.00M 2,423.96M 2,032.35M 2,153.99M 2,541.02M 2,141.60M 1,043.47M 1,180.97M 1,070.21M 895.52M 1,080.12M 1,132.79M 498.04M 894.72M 1,328.32M
Net Receivables 1,199.20M 1,268.73M 1,335.27M 1,734.23M 1,459.04M 1,822.52M 1,827.64M 1,505.40M 1,543.77M 1,430.63M 1,704.74M 1,636.29M 1,625.52M 1,227.08M 1,227.84M 1,033.30M 668.95M 652.78M 0.00M 0.00M 0.00M
Inventory 874.15M 1,058.96M 863.15M 881.97M 1,234.64M 1,548.00M 1,231.72M 940.49M 971.39M 898.95M 786.05M 810.72M 830.32M 818.48M 620.47M 502.23M 469.27M 365.64M 501.08M 610.56M 725.52M
Other Current Assets 133.24M 111.33M 89.58M 37.12M 55.84M 47.18M 67.85M 49.62M 58.38M 108.17M 97.21M 81.71M 108.97M 88.59M 1,252.06M 52.17M 64.57M 45.52M 168.70M 70.28M 130.89M
Total Current Assets 4,939.41M 4,986.90M 5,801.66M 5,735.99M 5,388.72M 5,569.44M 5,566.21M 4,919.48M 4,605.89M 4,591.73M 5,129.00M 4,670.32M 3,608.27M 3,315.12M 4,170.59M 2,483.21M 2,282.91M 2,196.73M 1,167.81M 1,575.56M 2,184.73M
Property, Plant & Equipment 3,383.30M 3,332.14M 2,938.95M 2,967.45M 3,094.80M 2,572.64M 2,843.47M 2,835.87M 2,670.60M 2,139.10M 1,715.99M 1,841.25M 1,765.98M 1,271.74M 1,221.99M 1,224.66M 1,235.89M 1,387.36M 1,586.50M 1,592.64M 1,263.22M
Goodwill 0.00M 0.00M 0.00M 0.00M 23.67M 23.67M 23.67M 23.67M 23.67M 23.67M 23.67M 81.31M 126.54M 68.90M 68.90M 68.90M 68.90M 64.80M 0.00M 0.00M 0.00M
Intangible Assets 14.38M 16.77M 21.62M 6.96M 1.47M 2.80M 5.85M 5.68M 6.38M 3.13M 2.53M 42.95M 49.41M 8.53M 53.45M 58.77M 58.93M 66.95M 70.28M 28.78M 21.79M
Long-Term Investments 425.16M 427.94M -442.74M 505.48M 311.06M 265.91M -366.15M 138.78M 3.18M 396.49M 377.85M 74.42M 1,191.29M 952.81M 861.07M 747.56M 844.01M 766.76M 1,036.59M 512.24M 280.64M
Tax Assets 51.89M 65.77M 56.08M 95.37M 86.41M 106.38M 87.71M 79.93M 59.67M 50.15M 44.71M 66.29M 70.12M 59.26M 402.47M 455.84M 501.22M 390.48M 137.45M 550.47M 701.34M
Other Non-Current Assets 34.65M 18.39M 1,313.46M 278.22M 218.56M 187.59M 775.22M 292.12M 465.77M 194.89M 294.99M 595.00M 131.81M 549.95M 5.25M 5.05M 8.34M 13.19M 55.37M 65.52M 52.58M
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
Total Non-Current Assets 3,909.38M 3,861.01M 3,887.37M 3,853.48M 3,735.96M 3,158.98M 3,369.79M 3,376.05M 3,229.27M 2,807.43M 2,459.74M 2,701.21M 3,335.15M 2,911.20M 2,613.14M 2,560.78M 2,717.29M 2,689.54M 2,886.18M 2,749.65M 2,319.58M
Total Assets 8,848.78M 8,847.91M 9,689.03M 9,589.48M 9,124.68M 8,728.42M 8,936.00M 8,295.52M 7,835.16M 7,399.16M 7,588.74M 7,371.53M 6,943.42M 6,226.32M 6,783.72M 5,043.99M 5,000.20M 4,886.28M 4,053.99M 4,325.21M 4,504.31M
Accounts Payable 753.52M 905.61M 874.97M 1,091.66M 965.32M 1,374.09M 1,397.78M 1,001.84M 1,035.04M 954.65M 925.69M 830.13M 847.74M 653.85M 478.20M 555.03M 309.89M 285.16M 209.34M 332.43M 786.17M
Short-Term Debt 56.90M 58.93M 52.87M 3.97M 7.08M 10.29M 8.20M 53.79M 112.97M 262.16M 271.53M 286.42M 343.39M 318.53M 296.37M 179.50M 215.04M 261.54M 379.93M 286.46M 224.97M
Tax Payables 24.03M 99.38M 120.60M 190.76M 140.71M 78.84M 131.94M 132.94M 135.80M 116.37M 68.65M 155.24M 88.93M 47.31M 30.07M 44.46M 79.84M 101.33M 77.75M 62.15M 76.39M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 645.58M 799.74M 737.95M 135.80M 707.61M 687.29M 698.08M 554.92M 386.04M 274.58M 213.80M 240.09M 247.60M 190.19M 209.66M 231.83M
Other Current Liabilities 66.04M 69.57M 56.57M 482.12M 377.32M -379.18M -75.25M -386.53M 138.17M 351.37M 192.26M 286.03M 263.28M 173.28M 171.99M 20.70M 204.42M 187.37M 171.10M 187.99M 189.59M
Total Current Liabilities 900.48M 1,133.49M 1,105.01M 1,768.50M 1,490.44M 1,729.62M 2,262.41M 1,539.98M 1,557.78M 2,392.16M 2,145.43M 2,255.90M 2,098.25M 1,579.00M 1,251.21M 1,013.49M 1,049.29M 1,083.00M 1,028.30M 1,078.69M 1,508.95M
Long-Term Debt 185.62M 217.31M 224.91M 338.75M 359.39M 379.88M 468.48M 547.62M 353.33M 89.02M 32.25M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.33M 22.27M 42.71M
Capital Lease Obligations 46.99M 48.46M 37.93M 39.28M 42.16M 0.00M 0.00M 1.04M 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
Deferred Tax Liabilities 112.26M 110.65M 139.51M 158.68M 162.90M 135.95M 171.60M 172.42M 137.55M 97.36M 168.71M 109.88M 142.66M 132.02M 29.64M 18.66M 42.39M 46.62M 81.63M 121.93M 110.12M
Other Non-Current Liabilities 4.45M 4.45M 9.07M 57.57M 45.54M 104.67M 153.60M 8.13M 156.56M 170.80M 186.29M 275.84M 282.31M 278.92M 234.41M 227.55M 240.72M 206.92M 181.35M 155.88M 140.29M
Total Non-Current Liabilities 349.32M 380.87M 411.41M 594.27M 609.98M 620.50M 793.68M 729.21M 647.44M 357.18M 387.25M 385.72M 424.96M 410.94M 264.05M 246.21M 283.11M 253.55M 269.31M 300.09M 293.13M
Total Liabilities 1,249.80M 1,514.36M 1,516.42M 2,362.77M 2,100.42M 2,350.12M 3,056.09M 2,269.19M 2,205.22M 2,749.34M 2,532.67M 2,641.61M 2,523.21M 1,989.94M 1,515.26M 1,259.69M 1,332.39M 1,336.55M 1,297.61M 1,378.77M 1,802.07M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 207.95M 0.00M 0.00M 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 1,507.62M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,884.52M 1,919.91M 1,919.91M 1,919.91M
Retained Earnings 3,254.05M 3,017.53M 3,456.97M 3,217.41M 2,819.68M 2,388.09M 2,217.63M 2,074.24M 1,888.22M 1,584.31M 1,658.30M 1,464.80M 1,858.27M 1,049.43M 837.68M 709.22M 651.55M 622.90M 913.73M 1,150.77M 1,463.95M
Accumulated OCI 1,438.71M 1,351.64M 1,577.37M 1,312.06M 1,373.72M 1,213.79M -207.95M 934.38M 854.17M 998.45M 1,022.73M 1,086.00M 281.81M 192.26M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 50.18M 47.92M 51.85M 58.93M 60.76M 59.41M 121.91M 146.87M 131.05M 117.19M 110.88M 121.23M 107.38M 35.31M 31.81M 27.97M 23.41M 14.01M 13.23M 31.41M 25.34M
Total Shareholders’ Equity 6,200.37M 6,253.69M 6,918.86M 6,414.00M 6,077.92M 5,486.40M 4,102.15M 4,893.14M 4,626.90M 4,467.28M 4,565.55M 4,435.32M 4,024.60M 3,126.21M 2,722.20M 2,593.74M 2,536.07M 2,507.42M 2,833.64M 3,070.68M 3,383.86M
Total Equity 6,250.55M 6,301.61M 6,970.71M 6,472.93M 6,138.69M 5,545.81M 4,224.05M 5,040.00M 4,757.95M 4,584.47M 4,676.42M 4,556.55M 4,131.99M 3,161.52M 2,754.02M 2,621.71M 2,559.48M 2,521.42M 2,846.87M 3,102.09M 3,409.20M
Total Liabilities & Equity 7,500.35M 7,815.97M 8,487.12M 8,835.70M 8,239.11M 7,895.92M 7,280.14M 7,309.19M 6,963.16M 7,333.81M 7,209.10M 7,198.16M 6,655.20M 5,151.46M 4,269.27M 3,881.41M 3,891.87M 3,857.97M 4,144.48M 4,480.86M 5,211.27M
Tangible Assets 8,834.41M 8,831.14M 9,667.41M 9,582.52M 9,099.54M 8,701.95M 8,906.48M 8,266.18M 7,805.11M 7,372.36M 7,562.54M 7,247.28M 6,767.47M 6,148.89M 6,661.37M 4,916.32M 4,872.37M 4,754.52M 3,983.71M 4,296.43M 4,482.52M
Tangible Equity 6,236.17M 6,284.84M 6,949.09M 6,465.97M 6,113.55M 5,519.34M 4,194.53M 5,010.65M 4,727.90M 4,557.67M 4,650.23M 4,432.30M 3,956.04M 3,084.09M 2,631.66M 2,494.04M 2,431.65M 2,389.67M 2,776.59M 3,073.31M 3,387.41M
Tangible Book Value 6,236.17M 6,284.84M 6,949.09M 6,465.97M 6,113.55M 5,519.34M 4,194.53M 5,010.65M 4,727.90M 4,557.67M 4,650.23M 4,432.30M 3,956.04M 3,084.09M 2,631.66M 2,494.04M 2,431.65M 2,389.67M 2,776.59M 3,073.31M 3,387.41M
Total Investments 1,369.65M 729.87M 488.74M 1,401.60M 511.23M 398.34M 340.60M 313.79M 333.58M 514.25M 603.54M 587.58M 1,233.79M 1,255.05M 1,263.55M 1,203.40M 1,345.23M 1,157.23M 1,174.04M 1,062.71M 981.98M
Net Debt -1,535.09M -1,422.37M -2,304.41M -1,843.84M -2,072.56M -1,629.15M -1,255.57M -1,647.54M -1,235.66M -1,685.06M -2,011.55M -1,342.02M -657.57M -560.20M -371.37M -260.18M -363.86M -480.78M 25.67M -35.52M -359.30M

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
Working Capital 3,257.6M 3,388.6M 4,061.9M 3,780.8M 3,579.8M 3,574.4M 3,387.3M 3,113.4M 2,743.2M 2,701.3M 3,171.0M 2,808.2M 1,788.9M 1,918.3M 1,844.3M 1,660.6M 1,446.1M 1,361.3M 946.8M 1,402.5M 2,030.5M
Total Capital 7,057.0M 7,145.5M 7,801.7M 7,363.1M 7,053.7M 6,443.7M 6,318.2M 6,062.7M 5,660.3M 5,385.6M 5,436.4M 5,288.9M 4,935.1M 4,701.8M 4,457.9M 4,126.7M 4,071.9M 4,044.9M 3,936.7M 4,129.4M 4,299.3M
Capital Employed 7,167.0M 7,249.6M 7,949.2M 7,634.3M 7,315.8M 6,733.4M 6,757.1M 6,489.5M 5,972.5M 5,508.8M 5,630.8M 5,509.4M 5,124.1M 4,829.5M 4,457.4M 4,221.4M 4,163.4M 4,050.9M 3,833.0M 4,152.1M 4,350.1M
Invested Capital 5,279.4M 5,446.9M 5,219.5M 5,176.5M 4,614.6M 4,424.4M 4,586.0M 3,813.7M 3,958.4M 3,349.3M 3,121.1M 3,660.4M 3,934.1M 3,823.0M 3,790.2M 3,687.0M 3,493.0M 3,302.5M 3,576.1M 3,785.1M 3,672.3M

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
Net Income 743.68M 1,072.80M 1,223.11M 947.27M 1,205.21M 813.23M 1,105.14M 1,154.22M 975.28M 738.60M 1,160.60M 1,076.48M 671.42M 762.68M 397.85M 328.92M 353.53M 333.99M 45.38M 197.21M 521.11M
Depreciation & Amortization 218.38M 217.47M 218.02M 221.17M 217.42M 235.40M 232.64M 193.73M 168.76M 169.00M 198.59M 186.72M 174.43M 153.66M 141.87M 153.28M 176.79M 211.37M 214.34M 186.80M 172.58M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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
Change in Working Capital -495.81M 378.62M 64.79M -375.51M 140.51M -16.73M -819.20M 171.49M -403.94M 57.71M 379.13M -376.86M 166.62M 88.90M -53.85M -361.17M 30.46M 42.57M 203.04M -89.77M -5.86M
Accounts Receivable 280.31M 548.44M 396.05M -278.72M 374.82M -24.97M -319.22M -13.21M -1.22M 181.40M -100.32M -25.15M -316.59M -81.81M -260.09M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory -35.31M 224.64M 28.21M 347.50M 326.90M -366.78M -282.95M 17.63M -80.90M -118.49M -6.17M 16.91M 34.17M -183.50M -142.46M -16.68M -132.31M 138.86M 73.67M 112.39M -178.57M
Accounts Payable 15.47M -393.90M -232.85M 135.95M -418.69M 2.89M 380.78M -13.41M 94.22M 38.50M 153.82M -23.51M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -740.81M 0.19M -126.63M -580.24M -142.51M 372.14M -597.82M 180.48M -323.04M 176.20M 385.31M -393.78M 132.46M 272.40M 88.61M -344.49M 162.77M -96.29M 129.37M -202.16M 172.71M
Other Non-Cash Items -113.87M -218.36M -65.30M 49.84M -189.23M -230.76M -289.23M -253.97M -176.96M -187.39M -261.72M 172.30M -130.76M -340.96M 60.50M -1.55M 44.14M 50.13M 138.64M -49.08M -358.03M
Net Cash from Operating Activities 352.39M 1,450.53M 1,440.62M 842.77M 1,373.91M 801.14M 229.35M 1,265.48M 563.14M 777.93M 1,476.60M 1,058.64M 881.72M 664.28M 546.37M 119.48M 604.92M 638.06M 601.41M 245.16M 329.80M
Capital Expenditures (PPE) -359.73M -186.91M -263.16M -441.89M -551.47M -166.88M -179.08M -332.96M -761.18M -558.24M -99.99M -230.66M -465.70M -167.94M -162.71M -84.99M -85.11M -106.06M -309.59M -395.35M -261.73M
Acquisitions (Net) 0.00M -4.24M 0.00M 0.00M 13.22M 87.03M -1.30M -2.15M 6.81M 2.84M 46.50M 223.93M -50.71M 15.56M -11.20M 0.00M -127.49M 6.86M 0.00M 34.55M 24.19M
Purchases of Investments -91.52M -479.19M -540.97M -116.05M -218.25M -214.00M -404.81M -175.26M -16.54M -8.00M -94.14M -2.91M -11.70M -18.41M -2.69M 0.00M -151.05M 99.38M 0.00M -33.53M -375.90M
Sales / Maturities of Investments 176.10M 238.69M 247.70M 95.38M 190.27M 260.51M 452.35M 114.99M 21.28M 47.41M -55.08M 71.64M 139.38M 265.00M 67.05M 29.29M 1.19M 79.86M 41.64M 293.85M 3.77M
Other Investing Activities 81.06M -7.12M -12.16M -7.68M -1.63M -3.25M -21.44M -66.95M -26.73M -8.01M 1.13M -14.69M -1.11M -221.14M -5.24M 29.72M -11.30M -59.02M -28.16M 2.52M -32.43M
Net Cash from Investing Activities -194.09M -438.77M -568.60M -470.23M -567.86M -36.59M -154.28M -462.33M -776.37M -524.01M -201.58M 47.30M -389.84M -126.94M -114.78M -25.98M -373.76M 21.02M -296.11M -97.96M -642.10M
Net Debt Issuance -117.59M -23.16M -71.42M -19.03M -21.07M -21.38M -140.49M 223.36M 281.48M 66.57M 48.39M -56.04M 0.33M 19.33M 29.78M -29.49M -102.70M -140.63M 38.18M 64.31M 5.53M
Long-Term Debt Issuance -167.59M -22.44M -121.42M -19.03M -21.07M -21.38M -94.90M 208.36M 281.48M 66.57M 48.39M 0.00M 0.00M -38.55M 0.00M 0.00M -3.43M -20.49M -30.04M -10.81M -11.29M
Short-Term Debt Issuance 50.00M 0.48M 50.00M 0.00M 0.00M 2.09M -45.59M 15.00M 0.00M 0.00M -14.89M -56.04M 0.33M 19.33M 29.78M -29.49M -99.28M -120.13M 68.22M 75.12M 16.82M
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 -35.83M 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
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 -35.83M 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
Net Dividends Paid -584.20M -565.36M -565.36M -546.51M -452.29M -489.98M -489.98M -452.29M -376.90M -527.67M -527.67M -376.90M -376.90M -282.68M -226.14M -226.14M -282.68M -131.92M -287.99M -479.98M -767.97M
Common Dividends Paid -584.20M -565.36M -565.36M -546.51M -452.29M -489.98M -489.98M -452.29M -376.90M -527.67M -527.67M -376.90M -376.90M -282.68M -226.14M -226.14M -282.68M -131.92M -287.99M -479.98M -767.97M
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 0.00M
Other Financing Activities 11.05M -6.51M -7.25M -7.04M -3.65M -2.65M -15.59M 4.72M -4.13M -12.18M -14.33M -42.65M -11.77M 30.23M -7.02M -5.85M -0.89M 9.96M -12.62M -24.35M -68.61M
Net Cash from Financing Activities -690.75M -595.02M -644.03M -572.58M -477.01M -514.01M -646.06M -224.20M -99.55M -473.27M -493.61M -475.59M -388.35M -233.12M -203.91M -261.48M -386.27M -262.58M -298.25M -440.01M -831.05M
Effect of FX on Cash 15.80M 39.64M 167.64M -52.44M 90.67M 36.52M 54.29M -31.96M -21.50M -59.74M -94.52M -2.87M 18.70M 31.38M 0.39M 31.49M -8.31M -8.04M 9.29M 10.09M -2.56M
Net Change in Cash -516.64M 456.38M 395.63M -252.48M 419.72M 287.06M -516.70M 547.00M -334.28M -279.09M 686.88M 627.48M 122.23M 335.61M 228.06M -139.22M -163.42M 381.73M 16.34M -282.73M -1,145.92M
Cash at Beginning of Period 9,345.90M 9,897.85M 2,186.56M 2,439.03M 2,019.32M 1,732.26M 2,248.95M 1,701.96M 2,036.24M 2,315.32M 1,628.44M 1,000.96M 878.73M 543.12M 439.68M 578.90M 742.32M 360.59M 344.25M 626.98M 1,772.89M
Cash at End of Period 8,829.27M 10,354.23M 2,582.19M 2,186.56M 2,439.03M 2,019.32M 1,732.26M 2,248.95M 1,701.96M 2,036.24M 2,315.32M 1,628.44M 1,000.96M 878.73M 667.74M 439.68M 578.90M 742.32M 360.59M 344.25M 626.98M
Operating Cash Flow 352.39M 1,450.53M 1,440.62M 842.77M 1,373.91M 801.14M 229.35M 1,265.48M 563.14M 777.93M 1,476.60M 1,058.64M 881.72M 664.28M 546.37M 119.48M 604.92M 638.06M 601.41M 245.16M 329.80M
Capital Expenditure -360.16M -207.60M -284.45M -449.10M -551.47M -166.88M -179.08M -332.96M -761.18M -558.24M -99.99M -230.66M -465.70M -167.94M -162.71M -84.99M -85.11M -106.06M -309.59M -395.35M -261.73M
Free Cash Flow -7.77M 560.41M 1,156.17M 393.67M 822.44M 634.26M 50.27M 932.52M -198.05M 219.69M 1,376.61M 827.98M 416.02M 496.34M 383.66M 34.48M 519.81M 532.00M 291.81M -150.20M 68.07M

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
EBITDA 1,022.52M 1,335.62M 1,181.16M 1,367.98M 1,120.66M 997.99M 1,452.84M 1,335.50M 995.93M 977.37M 1,305.38M 1,038.21M 673.87M 462.16M 489.35M 380.84M 544.34M 514.27M 334.20M 200.72M 352.72M
(-) Tax Adjustment 265.62M 321.73M 296.09M 350.47M 270.27M 171.04M 358.22M 359.88M 269.44M 223.97M 377.19M 250.48M 145.23M 103.24M 97.87M 51.89M 94.05M 65.72M 116.97M 55.02M 50.50M
(-) Change In Working Capital -495.81M 378.62M 64.79M -375.51M 140.51M -16.73M -819.20M 171.49M -403.94M 57.71M 379.13M -376.86M 166.62M 88.90M -53.85M -361.17M 30.46M 42.57M 203.04M -89.77M -5.86M
(-) Capital Expenditure -360.16M -207.60M -284.45M -449.10M -551.47M -166.88M -179.08M -332.96M -761.18M -558.24M -99.99M -230.66M -465.70M -167.94M -162.71M -84.99M -85.11M -106.06M -309.59M -395.35M -261.73M
Unlevered Free Cash Flow 892.55M 427.67M 535.83M 943.93M 158.41M 676.79M 1,734.74M 471.16M 369.25M 137.45M 449.07M 933.93M -103.69M 102.08M 282.62M 605.13M 334.72M 299.92M -295.41M -159.88M 46.35M
(-) Net Interest Income After Taxes 59.73M 56.31M 57.16M 38.25M 17.41M 7.94M 8.33M 14.99M -1.85M -1.08M -0.45M -0.83M -2.37M -2.15M -0.64M 0.00M 0.00M 0.00M -4.57M 10.97M 39.07M
Net Debt Issuance -117.59M -23.16M -71.42M -19.03M -21.07M -21.38M -140.49M 223.36M 281.48M 66.57M 48.39M -56.04M 0.33M 19.33M 29.78M -29.49M -102.70M -140.63M 38.18M 64.31M 5.53M
Levered Free Cash Flow 715.23M 348.20M 407.24M 886.65M 119.92M 647.47M 1,585.92M 679.53M 652.58M 205.09M 497.91M 878.73M -100.99M 123.56M 313.04M 575.65M 232.01M 159.30M -252.65M -106.53M 12.81M