Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Citizens Financial Group, Inc.

Ticker: CFG-PD | Industry: Banks - Regional | Sector: Financial Services
$24.99 0.00 (0.00%)
As of: 2024-07-05

Master Data Export


Enterprise Value

Metric MRQ MRQ-1 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Stock Price 53.16 44.75 46.29 39.08 29.10 38.69 46.06 26.27 36.33 37.24 37.52 25.32 25.37 23.61 23.08
Market Capitalization 22,931.39M 19,405.40M 20,098.27M 17,586.15M 13,820.16M 18,285.14M 19,607.17M 11,218.99M 16,319.11M 17,868.39M 18,824.24M 13,177.71M 13,588.95M 13,146.73M 12,923.01M
(-) Cash & Equivalents 1,254.00M 8,548.00M 7,342.67M 11,780.00M 11,975.50M 9,218.75M 12,872.25M 8,710.50M 3,376.75M 4,083.75M 3,643.75M 3,637.25M 3,558.50M 3,910.75M 3,361.75M
(+) Total Debt 10,655.00M 12,775.00M 11,914.67M 13,314.25M 16,657.50M 14,140.25M 7,341.50M 11,225.75M 13,396.75M 16,505.50M 15,254.00M 15,452.25M 13,597.50M 14,451.50M 2,737.50M
Enterprise Value 32,332.39M 23,632.40M 24,670.27M 19,120.40M 18,502.16M 23,206.64M 14,076.42M 13,734.24M 26,339.11M 30,290.14M 30,434.49M 24,992.71M 23,627.95M 23,687.48M 12,298.76M

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
Revenue 12,017M 12,500M 12,347M 12,187M 9,069M 6,986M 7,676M 8,066M 7,354M 6,454M 5,763M 5,276M 5,054M 5,133M 5,513M 5,915M
Cost of Revenue 4,584M 5,387M 5,240M 4,650M 1,522M -72M 2,387M 1,968M 1,552M 1,068M 877M 754M 682M 922M 1,032M 1,766M
Gross Profit 7,433M 7,113M 7,107M 7,537M 7,547M 7,058M 5,289M 6,098M 5,802M 5,386M 4,886M 4,522M 4,372M 4,211M 4,481M 4,149M
Gross Profit Margin 61.9% 56.9% 57.6% 61.8% 83.2% 101.0% 68.9% 75.6% 78.9% 83.5% 84.8% 85.7% 86.5% 82.0% 81.3% 70.1%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 3,039M 3,250M 2,989M 2,951M 2,811M 2,309M 2,289M 2,138M 2,113M 2,008M 1,932M 1,852M 1,859M 1,813M 1,927M 1,842M
Operating Expenses 5,274M 5,528M 5,219M 5,507M 4,892M 4,081M 3,991M 3,847M 3,619M 3,474M 3,352M 3,259M 3,104M 7,679M 3,457M 3,371M
Operating Income (EBIT) 2,159M 1,585M 1,888M 2,030M 2,655M 2,977M 1,298M 2,251M 2,183M 1,912M 1,534M 1,263M 1,268M -3,468M 1,024M 778M
Operating Income Margin 18.0% 12.7% 15.3% 16.7% 29.3% 42.6% 16.9% 27.9% 29.7% 29.6% 26.6% 23.9% 25.1% -67.6% 18.6% 13.2%
Interest Income 9,679M 10,400M 10,186M 10,204M 7,060M 4,851M 5,357M 6,189M 5,758M 4,920M 4,266M 3,854M 3,664M 3,501M 3,846M 4,204M
Interest Expense 3,951M 4,691M 4,553M 3,963M 1,048M 339M 771M 1,575M 1,226M 747M 508M 452M 363M 443M 619M 884M
Net Interest Income 5,728M 5,709M 5,633M 6,241M 6,012M 4,512M 4,586M 4,614M 4,532M 4,173M 3,758M 3,402M 3,301M 3,058M 3,227M 3,320M
Unusual Items -5,728M -5,709M -5,633M -6,241M -6,012M -4,512M -4,586M -4,614M -4,532M -4,173M -3,758M -3,402M -3,301M -3,058M -3,227M -3,320M
EBT Excluding Unusual Items 7,887M 7,294M 7,521M 8,271M 8,667M 7,489M 5,884M 6,865M 6,715M 6,085M 5,292M 4,665M 4,569M -410M 4,251M 4,098M
Pre-Tax Income 2,159M 1,585M 1,888M 2,030M 2,655M 2,977M 1,298M 2,251M 2,183M 1,912M 1,534M 1,263M 1,268M -3,468M 1,024M 778M
Pre-Tax Margin 18.0% 12.7% 15.3% 16.7% 29.3% 42.6% 16.9% 27.9% 29.7% 29.6% 26.6% 23.9% 25.1% -67.6% 18.6% 13.2%
Income Tax Expense 455M 288M 379M 422M 582M 658M 241M 460M 462M 260M 489M 423M 403M -42M 381M 272M
Net Income 1,704M 1,297M 1,509M 1,608M 2,073M 2,319M 1,057M 1,791M 1,721M 1,652M 1,045M 840M 865M -3,426M 643M 506M
Net Income Margin 14.2% 10.4% 12.2% 13.2% 22.9% 33.2% 13.8% 22.2% 23.4% 25.6% 18.1% 15.9% 17.1% -66.7% 11.7% 8.6%
Depreciation & Amortization 490M 500M 498M 478M 565M 625M 578M 633M 489M 487M 515M 471M 386M 404M 467M 434M
EBITDA 2,649M 2,085M 2,386M 2,508M 3,220M 3,602M 1,876M 2,884M 2,672M 2,399M 2,049M 1,734M 1,654M -3,064M 1,491M 1,212M
EBITDA Margin 22.0% 16.7% 19.3% 20.6% 35.5% 51.6% 24.4% 35.8% 36.3% 37.2% 35.6% 32.9% 32.7% -59.7% 27.0% 20.5%
NOPAT 1,704M 1,297M 1,509M 1,608M 2,073M 2,319M 1,057M 1,791M 1,721M 1,652M 1,045M 840M 865M -2,740M 643M 506M
NOPAT Margin 14.2% 10.4% 12.2% 13.2% 22.9% 33.2% 13.8% 22.2% 23.4% 25.6% 18.1% 15.9% 17.1% -53.4% 11.7% 8.6%
Owner's Earnings 2,064M 1,675M 1,885M 1,914M 2,512M 2,820M 1,517M 2,329M 1,978M 1,699M 1,257M 1,012M 940M -3,390M 739M 572M
Owner's Earnings Margin 17.2% 13.4% 15.3% 15.7% 27.7% 40.4% 19.8% 28.9% 26.9% 26.3% 21.8% 19.2% 18.6% -66.0% 13.4% 9.7%
EPS (Basic) 3.60 2.56 3.04 3.14 4.12 5.18 2.22 3.82 3.54 3.26 1.97 1.55 1.55 -6.12 1.15 0.90
EPS (Diluted) 3.87 2.82 3.33 3.37 4.34 5.43 2.47 3.97 3.58 3.28 1.99 1.56 1.55 -6.12 1.15 0.90
Shares (Basic) 436M 457M 451M 475M 476M 426M 427M 450M 479M 502M 522M 536M 557M 560M 560M 560M
Shares (Diluted) 440M 460M 454M 477M 478M 427M 428M 451M 480M 504M 524M 538M 558M 560M 560M 560M

Product Segments

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
Card Fees 352.00M 317.00M 362.00M 291.00M 271.00M 248.00M 216.00M 254.00M 244.00M 0.00M 0.00M 0.00M 0.00M
Commercial Banking 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,949.00M 2,500.00M 2,500.00M 2,500.00M
Consumer Banking 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3,556.00M 3,326.00M 3,108.00M 3,050.00M
Service Charges and Fees 435.00M 410.00M 417.00M 409.00M 418.00M 407.00M 401.00M 503.00M 513.00M 0.00M 0.00M 0.00M 0.00M
Trust and Investment Services Fees 0.00M 199.00M 0.00M 259.00M 250.00M 239.00M 203.00M 202.00M 171.00M 0.00M 0.00M 0.00M 0.00M

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
Cash & Cash Equivalents 12,344.00M 9,228.00M 11,236.00M 12,033.00M 10,850.00M 9,474.00M 13,039.00M 3,683.00M 4,222.00M 3,224.00M 4,143.00M 3,441.00M 3,646.00M 2,990.00M 3,189.00M
Short-Term Investments 35,304.00M 34,544.00M 32,613.00M 29,667.00M 23,737.00M 25,427.00M 22,393.00M 20,254.00M 19,532.00M 20,066.00M 19,245.00M 13,601.00M 18,656.00M 15,995.00M 18,356.00M
Cash & Short-Term Investments 47,648.00M 43,772.00M 43,849.00M 41,700.00M 34,587.00M 34,901.00M 35,432.00M 23,937.00M 23,754.00M 23,290.00M 23,388.00M 17,042.00M 22,302.00M 18,985.00M 21,545.00M
Net Receivables 0.00M 0.00M 1,027.00M 1,148.00M 1,456.00M 1,540.00M 1,916.00M 2,518.00M 2,881.00M 3,144.00M 3,705.00M 3,956.00M 3,963.00M 4,226.00M 3,419.00M
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
Other Current 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
Total Current Assets 47,648.00M 43,772.00M 44,876.00M 42,848.00M 36,043.00M 36,441.00M 37,348.00M 26,455.00M 26,635.00M 26,434.00M 27,093.00M 20,998.00M 26,265.00M 23,211.00M 24,964.00M
Property, Plant & Equipment 857.00M 855.00M 875.00M 895.00M 844.00M 768.00M 759.00M 761.00M 791.00M 685.00M 601.00M 595.00M 595.00M 592.00M 643.00M
Goodwill 8,187.00M 8,187.00M 8,187.00M 8,188.00M 8,173.00M 7,116.00M 7,050.00M 7,044.00M 6,923.00M 6,887.00M 6,876.00M 6,876.00M 6,876.00M 6,876.00M 11,311.00M
Intangible Assets 123.00M 129.00M 146.00M 157.00M 197.00M 64.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 149,009.00M 148,445.00M 145,897.00M 152,912.00M 164,771.00M 131,714.00M 127,740.00M 122,408.00M 118,527.00M 112,439.00M 109,147.00M 100,053.00M 94,343.00M 87,128.00M 85,440.00M
Tax 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
Other Non-Current Assets 16,923.00M 16,922.00M 17,540.00M 16,964.00M 16,705.00M 12,306.00M 10,452.00M 9,065.00M 7,642.00M 5,891.00M 5,803.00M 9,686.00M 4,778.00M 4,347.00M 4,695.00M
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
Total Non-Current Assets 175,099.00M 174,538.00M 172,645.00M 179,116.00M 190,690.00M 151,968.00M 146,001.00M 139,278.00M 133,883.00M 125,902.00M 122,427.00M 117,210.00M 106,592.00M 98,943.00M 102,089.00M
Total Assets 222,747.00M 218,310.00M 217,521.00M 221,964.00M 226,733.00M 188,409.00M 183,349.00M 165,733.00M 160,518.00M 152,336.00M 149,520.00M 138,208.00M 132,857.00M 122,154.00M 127,053.00M
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
Short-Term Debt 2,204.00M 2,239.00M 1,988.00M 505.00M 3.00M 74.00M 243.00M 274.00M 2,809.00M 2,671.00M 4,359.00M 3,432.00M 10,529.00M 7,042.00M 4,102.00M
Tax Payables 0.00M 0.00M 0.00M 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 Revenue 0.00M 0.00M 0.00M 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 Current Liabilities 180,011.00M 175,086.00M 174,776.00M 177,342.00M 180,724.00M 154,361.00M 147,164.00M 125,313.00M 119,575.00M 115,089.00M 109,804.00M 102,539.00M 95,707.00M 86,903.00M 95,148.00M
Total Current Liabilities 182,215.00M 177,325.00M 176,764.00M 177,847.00M 180,727.00M 154,435.00M 147,407.00M 125,587.00M 122,384.00M 117,760.00M 114,163.00M 105,971.00M 106,236.00M 93,945.00M 99,250.00M
Long-Term Debt 8,451.00M 10,536.00M 10,413.00M 13,467.00M 15,887.00M 6,932.00M 8,346.00M 14,047.00M 14,433.00M 11,765.00M 12,790.00M 9,886.00M 4,642.00M 1,405.00M 694.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 767.00M 859.00M 643.00M 686.00M 571.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 629.00M 866.00M 573.00M 571.00M 714.00M 730.00M 493.00M 199.00M 446.00M
Other Non-Current Liabilities 6,252.00M 5,215.00M 6,090.00M 6,308.00M 6,429.00M 3,622.00M 4,294.00M 3,032.00M 2,311.00M 1,970.00M 2,106.00M 1,975.00M 2,218.00M 7,409.00M 2,534.00M
Total Non-Current Liabilities 14,703.00M 15,751.00M 16,503.00M 20,542.00M 23,175.00M 11,197.00M 13,955.00M 18,516.00M 17,317.00M 14,306.00M 15,610.00M 12,591.00M 7,353.00M 9,013.00M 3,674.00M
Total Liabilities 196,918.00M 193,076.00M 193,267.00M 198,389.00M 203,902.00M 165,632.00M 161,362.00M 144,103.00M 139,701.00M 132,066.00M 129,773.00M 118,562.00M 113,589.00M 102,958.00M 102,924.00M
Preferred Stock 2,111.00M 2,113.00M 2,113.00M 2,014.00M 2,014.00M 2,014.00M 1,965.00M 1,570.00M 840.00M 247.00M 247.00M 247.00M 0.00M 0.00M 0.00M
Common Stock 7.00M 7.00M 7.00M 6.00M 6.00M 6.00M 6.00M 6.00M 6.00M 6.00M 6.00M 6.00M 6.00M 6.00M 6.00M
Retained Earnings 11,056.00M 10,783.00M 10,412.00M 9,816.00M 9,159.00M 7,978.00M 6,445.00M 6,498.00M 5,385.00M 4,164.00M 2,703.00M 1,913.00M 1,294.00M 1,235.00M 5,846.00M
Accumulated OCI -2,267.00M -2,639.00M -3,595.00M -3,758.00M -4,560.00M -665.00M -60.00M -411.00M -1,096.00M -820.00M -668.00M -387.00M -372.00M -648.00M -312.00M
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
Total Shareholders’ Equity 10,907.00M 10,264.00M 8,937.00M 8,078.00M 6,619.00M 9,333.00M 8,356.00M 7,663.00M 5,135.00M 3,597.00M 2,288.00M 1,779.00M 928.00M 593.00M 5,540.00M
Total Equity 10,907.00M 10,264.00M 8,937.00M 8,078.00M 6,619.00M 9,333.00M 8,356.00M 7,663.00M 5,135.00M 3,597.00M 2,288.00M 1,779.00M 928.00M 593.00M 5,540.00M
Total Liabilities & Equity 207,825.00M 203,340.00M 202,204.00M 206,467.00M 210,521.00M 174,965.00M 169,718.00M 151,766.00M 144,836.00M 135,663.00M 132,061.00M 120,341.00M 114,517.00M 103,551.00M 108,464.00M
Tangible Assets 214,437.00M 209,994.00M 209,188.00M 213,619.00M 218,363.00M 181,229.00M 176,299.00M 158,689.00M 153,595.00M 145,449.00M 142,644.00M 131,332.00M 125,981.00M 115,278.00M 115,742.00M
Tangible Equity 2,597.00M 1,948.00M 604.00M -267.00M -1,751.00M 2,153.00M 1,306.00M 619.00M -1,788.00M -3,290.00M -4,588.00M -5,097.00M -5,948.00M -6,283.00M -5,771.00M
Tangible Book Value 2,597.00M 1,948.00M 604.00M -267.00M -1,751.00M 2,153.00M 1,306.00M 619.00M -1,788.00M -3,290.00M -4,588.00M -5,097.00M -5,948.00M -6,283.00M -5,771.00M
Total Investments 184,313.00M 182,989.00M 178,510.00M 182,579.00M 188,508.00M 157,141.00M 150,133.00M 142,662.00M 138,059.00M 132,505.00M 128,392.00M 113,654.00M 112,999.00M 103,123.00M 103,796.00M
Net Debt -1,689.00M 3,547.00M 1,165.00M 1,939.00M 5,040.00M -2,468.00M -4,450.00M 10,638.00M 13,020.00M 11,212.00M 13,006.00M 9,877.00M 11,525.00M 5,457.00M 1,607.00M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31
Working Capital -134,567.0M -133,553.0M -131,888.0M -134,999.0M -144,684.0M -117,994.0M -110,059.0M -99,132.0M -95,749.0M -91,326.0M -87,070.0M -84,973.0M -79,971.0M -70,734.0M -74,286.0M
Total Capital 36,484.0M 38,009.0M 36,655.0M 38,314.0M 39,580.0M 30,426.0M 31,262.0M 36,522.0M 38,059.0M 34,706.0M 36,896.0M 32,964.0M 34,439.0M 27,643.0M 28,925.0M
Capital Employed 40,532.0M 40,985.0M 40,757.0M 44,117.0M 46,006.0M 33,974.0M 35,942.0M 40,146.0M 38,134.0M 34,576.0M 35,357.0M 32,237.0M 26,621.0M 28,209.0M 27,803.0M
Invested Capital 24,140.0M 28,781.0M 25,419.0M 26,281.0M 28,730.0M 20,952.0M 18,223.0M 32,839.0M 33,837.0M 31,482.0M 32,753.0M 29,523.0M 30,793.0M 24,653.0M 25,736.0M

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
Net Income 1,704.00M 1,297.00M 1,509.00M 1,608.00M 2,073.00M 2,319.00M 1,057.00M 1,791.00M 1,721.00M 1,652.00M 1,045.00M 840.00M 865.00M -3,426.00M 643.00M 506.00M
Depreciation & Amortization 490.00M 500.00M 498.00M 478.00M 565.00M 625.00M 578.00M 633.00M 489.00M 487.00M 515.00M 471.00M 386.00M 404.00M 467.00M 434.00M
Deferred Income Tax -220.00M -231.00M -177.00M -242.00M 57.00M -429.00M -238.00M 64.00M 97.00M -136.00M 153.00M 249.00M 141.00M -53.00M 306.00M 252.00M
Stock-Based Compensation 118.00M 90.00M 97.00M 87.00M 84.00M 59.00M 48.00M 41.00M 41.00M 48.00M 23.00M 24.00M 53.00M 27.00M 29.00M 0.00M
Change in Working Capital 314.00M -276.00M -571.00M 273.00M -858.00M -962.00M -2,978.00M -522.00M -914.00M -621.00M -333.00M -628.00M -56.00M 429.00M -93.00M 225.00M
Accounts Receivable 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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
Other Working Capital 314.00M -276.00M -571.00M 273.00M -858.00M -962.00M -2,978.00M -522.00M -914.00M -621.00M -333.00M -628.00M -56.00M 429.00M -93.00M 225.00M
Other Non-Cash Items 446.00M 808.00M 645.00M 757.00M 2,198.00M 663.00M 1,644.00M -310.00M 333.00M 453.00M 87.00M 273.00M 1.00M 5,268.00M 362.00M 1,062.00M
Net Cash from Operating Activities 2,852.00M 2,188.00M 2,001.00M 2,961.00M 4,119.00M 2,275.00M 111.00M 1,697.00M 1,767.00M 1,883.00M 1,490.00M 1,229.00M 1,390.00M 2,649.00M 1,714.00M 2,479.00M
Capital Expenditures (PPE) -130.00M -122.00M -122.00M -172.00M -126.00M -124.00M -118.00M -126.00M -232.00M -253.00M -138.00M -121.00M -141.00M -160.00M -178.00M -368.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M -255.00M -165.00M -3.00M -129.00M -533.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -8,803.00M -11,008.00M -9,755.00M -10,087.00M -10,776.00M -12,406.00M -9,271.00M -8,422.00M -4,270.00M -6,291.00M -8,599.00M -7,963.00M -9,573.00M -11,224.00M -5,533.00M -13,782.00M
Sales / Maturities of Investments 7,417.00M 5,889.00M 7,585.00M 5,703.00M 5,635.00M 9,606.00M 8,425.00M 9,360.00M 4,778.00M 6,178.00M 6,778.00M 8,384.00M 6,832.00M 8,502.00M 9,595.00M 11,809.00M
Other Investing Activities -909.00M 6,845.00M 5,279.00M 9,804.00M -7,115.00M -7,397.00M -5,169.00M -4,558.00M -6,820.00M -3,618.00M -9,367.00M -6,205.00M -7,392.00M 429.00M -2,965.00M 307.00M
Net Cash from Investing Activities -2,425.00M 1,604.00M 2,987.00M 5,248.00M -12,637.00M -10,486.00M -6,136.00M -3,875.00M -7,077.00M -3,984.00M -11,326.00M -5,905.00M -10,274.00M -2,453.00M 919.00M -2,034.00M
Net Debt Issuance -3,332.00M -3,675.00M -1,606.00M -1,933.00M 4,831.00M -1,506.00M -5,738.00M -3,055.00M 2,796.00M -2,347.00M 3,529.00M 1,601.00M 7,245.00M 2,461.00M -5,147.00M -1,442.00M
Long-Term Debt Issuance -3,531.00M -3,458.00M -1,101.00M -2,435.00M 4,926.00M -1,352.00M -5,699.00M -2,007.00M 7,666.00M 2,612.00M 6,715.00M 5,984.00M 3,243.00M 711.00M -2,548.00M -3,104.00M
Short-Term Debt Issuance 199.00M -217.00M -505.00M 502.00M -95.00M -154.00M -39.00M -1,048.00M -4,870.00M -4,959.00M -3,186.00M -4,383.00M 4,002.00M 1,750.00M -2,599.00M 1,662.00M
Net Stock Issuance -306.00M -1,125.00M -958.00M -906.00M -153.00M -249.00M 125.00M -490.00M -432.00M -820.00M -430.00M -253.00M -334.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 392.00M 0.00M 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 -700.00M -1,125.00M -1,350.00M -906.00M -153.00M -295.00M -270.00M -1,220.00M -1,025.00M -820.00M -430.00M -500.00M -334.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 394.00M 0.00M 0.00M 0.00M 0.00M 46.00M 395.00M 730.00M 593.00M 0.00M 0.00M 247.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -881.00M -907.00M -903.00M -928.00M -892.00M -783.00M -770.00M -682.00M -485.00M -336.00M -255.00M -221.00M -806.00M -1,185.00M -150.00M 0.00M
Common Dividends Paid -743.00M -780.00M -769.00M -808.00M -779.00M -670.00M -672.00M -617.00M -471.00M -322.00M -241.00M -214.00M -806.00M -1,185.00M -150.00M 0.00M
Preferred Dividends Paid -138.00M -127.00M -134.00M -120.00M -113.00M -113.00M -98.00M -65.00M -14.00M -14.00M -14.00M -7.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 4,827.00M -2,570.00M -2,548.00M -3,361.00M 6,121.00M 7,174.00M 21,755.00M 5,717.00M 4,473.00M 4,932.00M 7,611.00M 3,358.00M 3,298.00M -1,778.00M 2,033.00M -227.00M
Net Cash from Financing Activities 308.00M -8,277.00M -6,015.00M -7,128.00M 9,907.00M 4,636.00M 15,372.00M 1,490.00M 6,352.00M 1,429.00M 10,455.00M 4,485.00M 9,403.00M -502.00M -3,264.00M -1,669.00M
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 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 735.00M -4,485.00M -1,027.00M 1,081.00M 1,389.00M -3,575.00M 9,347.00M -688.00M 1,042.00M -672.00M 619.00M -191.00M 519.00M -306.00M -631.00M -1,224.00M
Cash at Beginning of Period 41,605.00M 50,398.00M 11,628.00M 10,547.00M 9,158.00M 12,733.00M 3,386.00M 4,074.00M 3,032.00M 3,704.00M 3,085.00M 3,276.00M 2,757.00M 3,063.00M 3,694.00M 4,918.00M
Cash at End of Period 42,340.00M 45,913.00M 10,601.00M 11,628.00M 10,547.00M 9,158.00M 12,733.00M 3,386.00M 4,074.00M 3,032.00M 3,704.00M 3,085.00M 3,276.00M 2,757.00M 3,063.00M 3,694.00M
Operating Cash Flow 2,852.00M 2,188.00M 2,001.00M 2,961.00M 4,119.00M 2,275.00M 111.00M 1,697.00M 1,767.00M 1,883.00M 1,490.00M 1,229.00M 1,390.00M 2,649.00M 1,714.00M 2,479.00M
Capital Expenditure -130.00M -122.00M -122.00M -172.00M -126.00M -124.00M -118.00M -95.00M -232.00M -440.00M -303.00M -299.00M -311.00M -368.00M -371.00M -368.00M
Free Cash Flow 2,722.00M 2,066.00M 1,879.00M 2,789.00M 3,993.00M 2,151.00M -7.00M 1,602.00M 1,535.00M 1,443.00M 1,187.00M 930.00M 1,079.00M 2,281.00M 1,343.00M 2,111.00M

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
EBITDA 4,884.00M 4,363.00M 4,616.00M 5,064.00M 5,301.00M 5,374.00M 3,578.00M 4,593.00M 4,178.00M 3,865.00M 3,469.00M 3,141.00M 2,899.00M 2,802.00M 3,021.00M 2,741.00M
(-) Tax Adjustment 1,029.28M 792.77M 926.62M 1,052.71M 1,162.03M 1,187.80M 664.33M 938.60M 884.21M 525.58M 1,105.83M 1,051.97M 921.37M 33.93M 1,057.35M 958.29M
(-) Change In Working Capital 314.00M -276.00M -571.00M 273.00M -858.00M -962.00M -2,978.00M -522.00M -914.00M -621.00M -333.00M -628.00M -56.00M 429.00M -93.00M 225.00M
(-) Capital Expenditure -130.00M -122.00M -122.00M -172.00M -126.00M -124.00M -118.00M -95.00M -232.00M -440.00M -303.00M -299.00M -311.00M -368.00M -371.00M -368.00M
Unlevered Free Cash Flow 3,410.72M 3,724.23M 4,138.38M 3,566.29M 4,870.97M 5,024.20M 5,773.67M 4,081.40M 3,975.79M 3,520.42M 2,393.17M 2,418.03M 1,722.63M 1,971.07M 1,685.65M 1,189.71M
(-) Net Interest Income After Taxes 4,520.85M 4,671.65M 4,502.22M 4,943.61M 4,694.12M 3,514.72M 3,734.52M 3,671.11M 3,572.87M 3,605.54M 2,560.05M 2,262.61M 2,251.87M 3,020.97M 2,097.55M 2,159.28M
Net Debt Issuance -3,332.00M -3,675.00M -1,606.00M -1,933.00M 4,831.00M -1,506.00M -5,738.00M -3,055.00M 2,796.00M -2,347.00M 3,529.00M 1,601.00M 7,245.00M 2,461.00M -5,147.00M -1,442.00M
Levered Free Cash Flow -4,442.13M -4,622.43M -1,969.85M -3,310.32M 5,007.86M 3.47M -3,698.84M -2,644.71M 3,198.92M -2,432.12M 3,362.13M 1,756.41M 6,715.76M 1,411.10M -5,558.90M -2,411.57M