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Page: Company Financials

Cielo S.A.

Ticker: CIEL3.SA | Industry: Software - Infrastructure | Sector: Technology
$5.83 +0.01 (0.17%)
As of: 2024-08-26

Master Data Export

Enterprise Value

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Stock Price 5.54 4.09 3.88 2.46 3.39 6.41 10.38 17.56 16.73 16.91 14.78 10.11 7.65 4.57 3.81
Market Capitalization 14,922.34M 11,019.56M 10,469.09M 6,651.34M 9,178.56M 17,388.15M 28,181.36M 47,644.74M 45,360.62M 45,792.75M 39,927.76M 27,371.01M 20,736.93M 11,891.68M 10,318.50M
(-) Cash & Equivalents 579.03M 1,057.70M 1,171.00M 1,548.11M 4,760.62M 382.55M 4,396.04M 4,598.67M 1,935.40M 1,202.98M 1,317.31M 435.51M 274.71M 73.23M 62.65M
(+) Total Debt 3,860.03M 7,012.80M 6,536.73M 7,690.27M 10,297.92M 10,206.12M 8,298.02M 9,349.00M 11,355.05M 12,525.70M 3,647.61M 2,333.75M 610.20M 37.71M 0.00M
Enterprise Value 18,203.35M 16,974.66M 15,834.82M 12,793.50M 14,715.86M 27,211.71M 32,083.34M 52,395.07M 54,780.27M 57,115.47M 42,258.06M 29,269.26M 21,072.42M 11,856.17M 10,255.85M

Income Statement

Metric TTM TTM-1 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 10,432M 10,603M 10,601M 10,693M 11,685M 11,186M 11,347M 11,686M 11,600M 12,301M 11,122M 7,726M 6,734M 5,427M 4,209M 3,992M 3,309M 2,875M 2,402M 1,945M
Cost of Revenue 5,990M 5,760M 5,609M 6,269M 8,287M 8,071M 7,252M 6,243M 5,774M 5,995M 5,311M 3,051M 2,550M 1,853M 1,425M 1,181M 936M 851M 771M 690M
Gross Profit 4,442M 4,843M 4,992M 4,424M 3,398M 3,115M 4,095M 5,443M 5,827M 6,306M 5,812M 4,675M 4,185M 3,575M 2,783M 2,812M 2,373M 2,024M 1,631M 1,255M
Gross Profit Margin 42.6% 45.7% 47.1% 41.4% 29.1% 27.8% 36.1% 46.6% 50.2% 51.3% 52.3% 60.5% 62.1% 65.9% 66.1% 70.4% 71.7% 70.4% 67.9% 64.5%
R&D Expenses 1M 2M 1M 1M 0M 0M 0M 0M 0M 0M 0M 0M 0M 6M 0M 0M 0M 0M 0M 0M
SG&A Expenses 579M 423M 501M 488M 625M 883M 986M 855M 754M 882M 772M 708M 546M 466M 380M 277M 220M 225M 233M 278M
Operating Expenses 2,068M 1,390M 1,739M 1,632M 1,713M 2,223M 2,158M 1,748M 1,533M 1,723M 1,422M 1,246M 939M 797M 633M 441M 270M 5M 354M 352M
Operating Income (EBIT) 2,373M 3,453M 3,253M 2,793M 1,686M 892M 1,937M 3,695M 4,293M 4,583M 4,390M 3,429M 3,246M 2,778M 2,151M 2,371M 2,103M 2,019M 1,277M 903M
Operating Income Margin 22.7% 32.6% 30.7% 26.1% 14.4% 8.0% 17.1% 31.6% 37.0% 37.3% 39.5% 44.4% 48.2% 51.2% 51.1% 59.4% 63.5% 70.2% 53.2% 46.4%
Interest Income 267M 1,360M 329M 1,413M 721M 681M 1,300M 1,885M 2,717M 2,665M 145M 19M 20M 24M -29M 0M 0M 0M 0M 0M
Interest Expense 1,551M 1,882M 1,932M 1,612M 755M 473M 707M 512M 897M 1,164M 1,153M 107M 100M 39M 5M 34M 43M 94M 74M 86M
Net Interest Income -1,284M -522M -1,603M -200M -34M 208M 593M 1,373M 1,820M 1,501M -1,007M -88M -80M -15M -34M -34M -43M -94M -74M -86M
Unusual Items 1,582M 159M 1,701M -294M -151M -148M -9M -119M -27M -64M 2,052M 1,467M 873M 749M 587M 408M 271M 205M 149M 172M
EBT Excluding Unusual Items 1,089M 2,931M 1,650M 2,593M 1,652M 1,099M 2,530M 5,068M 6,113M 6,085M 3,383M 3,341M 3,166M 2,762M 2,117M 2,337M 2,060M 1,925M 1,204M 818M
Pre-Tax Income 2,672M 3,090M 3,350M 2,299M 1,501M 951M 2,521M 4,950M 6,086M 6,021M 5,435M 4,808M 4,039M 3,512M 2,704M 2,745M 2,331M 2,131M 1,352M 989M
Pre-Tax Margin 25.6% 29.1% 31.6% 21.5% 12.8% 8.5% 22.2% 42.4% 52.5% 48.9% 48.9% 62.2% 60.0% 64.7% 64.3% 68.8% 70.4% 74.1% 56.3% 50.9%
Income Tax Expense 515M 823M 882M 584M 343M 319M 735M 1,390M 1,821M 1,837M 1,783M 1,579M 1,358M 1,191M 887M 914M 797M 737M 468M 331M
Net Income 1,826M 1,900M 2,087M 1,411M 970M 490M 1,580M 3,342M 4,056M 4,005M 3,511M 3,220M 2,674M 2,315M 1,810M 1,831M 1,534M 1,394M 884M 658M
Net Income Margin 17.5% 17.9% 19.7% 13.2% 8.3% 4.4% 13.9% 28.6% 35.0% 32.6% 31.6% 41.7% 39.7% 42.6% 43.0% 45.9% 46.3% 48.5% 36.8% 33.8%
Depreciation & Amortization 890M 942M 919M 982M 1,106M 1,228M 1,091M 958M 947M 966M 902M 427M 391M 317M 238M 193M 160M 135M 132M 135M
EBITDA 3,263M 4,395M 4,172M 3,774M 2,792M 2,120M 3,029M 4,653M 5,240M 5,549M 5,292M 3,856M 3,637M 3,095M 2,389M 2,564M 2,263M 2,154M 1,410M 1,039M
EBITDA Margin 31.3% 41.5% 39.4% 35.3% 23.9% 18.9% 26.7% 39.8% 45.2% 45.1% 47.6% 49.9% 54.0% 57.0% 56.8% 64.2% 68.4% 74.9% 58.7% 53.4%
NOPAT 1,915M 2,533M 2,396M 2,083M 1,301M 592M 1,372M 2,657M 3,008M 3,185M 2,949M 2,303M 2,155M 1,836M 1,445M 1,581M 1,384M 1,321M 835M 601M
NOPAT Margin 18.4% 23.9% 22.6% 19.5% 11.1% 5.3% 12.1% 22.7% 25.9% 25.9% 26.5% 29.8% 32.0% 33.8% 34.3% 39.6% 41.8% 45.9% 34.8% 30.9%
Owner's Earnings 2,050M 2,304M 2,501M 1,690M 1,391M 950M 1,540M 3,656M 4,531M 4,444M -4,146M 2,974M 2,974M 2,542M 1,775M 1,736M 1,463M 1,371M 819M 640M
Owner's Earnings Margin 19.7% 21.7% 23.6% 15.8% 11.9% 8.5% 13.6% 31.3% 39.1% 36.1% -37.3% 38.5% 44.2% 46.8% 42.2% 43.5% 44.2% 47.7% 34.1% 32.9%
EPS (Basic) 0.68 0.70 0.78 0.52 0.36 0.18 0.57 1.23 1.50 1.48 1.30 1.19 1.01 0.86 0.67 0.68 0.56 0.49 0.33 0.24
EPS (Diluted) 0.67 0.70 0.77 0.52 0.36 0.18 0.58 1.23 1.49 1.48 1.29 1.19 1.01 0.85 0.67 0.68 0.56 0.51 0.33 0.24
Shares (Basic) 2,695M 2,695M 2,692M 2,704M 2,709M 2,710M 2,713M 2,714M 2,713M 2,710M 2,708M 2,708M 2,634M 2,711M 2,710M 2,708M 2,716M 2,715M 2,715M 2,715M
Shares (Diluted) 2,707M 2,711M 2,710M 2,724M 2,709M 2,718M 2,717M 2,717M 2,716M 2,715M 2,715M 2,717M 2,640M 2,714M 2,713M 2,711M 2,716M 2,715M 2,715M 2,715M

Balance Sheet

Metric MRQ MRQ-1 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 70.57M 1,087.48M 69.75M 140.55M 5,340.20M 127.97M 237.60M 2,874.42M 6,024.20M 2,658.96M 1,249.52M 3,998.72M 423.06M 431.16M 292.92M 250.60M 514.28M 14.70M 29.01M 35.26M
Short-Term Investments 0.00M 0.00M 1,184.42M 1,742.32M 246.08M 3,618.00M 3,023.37M 0.00M 39.47M 0.00M 213.31M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,057.46M 966.22M 712.95M
Cash & Short-Term Investments 70.57M 1,087.48M 1,254.16M 1,882.87M 5,586.29M 3,745.97M 3,260.97M 2,874.42M 6,063.66M 2,658.96M 1,462.84M 3,998.72M 423.06M 431.16M 292.92M 250.60M 514.28M 1,072.16M 995.22M 748.22M
Net Receivables 774.19M 88,556.65M 90,842.23M 91,913.09M 79,970.96M 69,907.40M 71,924.33M 0.00M 65,814.27M 11,051.26M 11,152.36M 9,641.77M 8,610.72M 5,884.06M 3,059.44M 2,278.16M 1,361.08M 376.04M 177.04M 192.43M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -39.47M 0.00M -213.31M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets 88,615.28M 2,249.96M 5,181.09M 94,380.01M 79,970.96M 2,106.78M 1,879.93M 63,492.41M 65,853.73M 11,051.26M 11,407.17M 9,671.29M 8,656.53M 0.00M 0.00M 0.00M 2.50M 1.22M 36.00M 43.43M
Total Current Assets 89,460.04M 91,894.10M 97,277.49M 188,175.96M 165,528.20M 75,760.14M 77,065.23M 66,366.83M 137,692.19M 24,761.47M 23,809.05M 23,311.78M 17,690.31M 6,315.21M 3,352.35M 2,528.76M 1,877.87M 1,449.42M 1,208.26M 984.07M
Property, Plant & Equipment 853.62M 838.78M 816.74M 950.94M 1,012.85M 986.76M 881.38M 580.79M 512.60M 640.10M 751.52M 723.92M 515.33M 503.01M 522.37M 360.29M 296.12M 213.30M 210.48M 182.70M
Goodwill 0.00M 25.97M 0.00M 0.00M 212.10M 29.96M 5.97M 38.73M 1,598.01M 1,589.24M 1,910.12M 1,122.77M 999.73M 948.40M 3,059.44M 53.78M 1,361.08M 0.00M 0.00M 0.00M
Intangible Assets 8,639.98M 8,702.71M 8,777.56M 9,071.23M 9,700.29M 10,345.92M 10,861.17M 13,047.57M 11,318.40M 11,731.02M 12,291.91M 1,128.16M 1,010.98M 1,007.47M 0.00M 75.51M 0.00M 376.04M 177.04M 192.43M
Long-Term Investments 0.00M 172.95M 180.16M 286.72M 274.41M 579.78M 126.23M 119.05M 120.50M 169.69M 146.09M 58.87M 46.39M 0.00M 0.69M 0.00M -63.48M -1,057.29M -965.93M -712.66M
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 451.09M 345.86M 0.00M 222.00M 132.34M 94.15M 72.24M
Other Non-Current Assets 1,550.84M 1,350.97M 1,220.45M 2,957.85M 2,925.29M 2,828.03M 2,844.34M 2,809.65M 2,864.07M 2,670.62M 2,202.31M 1,964.24M 1,633.71M 788.59M 622.81M 0.00M 563.03M 1,336.16M 1,333.98M 1,336.82M
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 745.51M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 11,044.44M 11,091.38M 10,994.91M 13,266.74M 14,124.94M 14,770.45M 14,719.09M 16,595.79M 16,413.57M 16,800.67M 17,301.95M 4,997.94M 4,206.12M 3,698.56M 4,551.16M 1,235.09M 2,378.75M 1,000.56M 849.73M 1,071.53M
Total Assets 100,504.48M 102,985.48M 108,272.40M 201,442.71M 179,653.14M 90,530.59M 91,784.32M 82,962.62M 154,105.76M 41,562.14M 41,111.00M 28,309.72M 21,896.43M 10,013.77M 7,903.52M 3,763.85M 4,256.62M 2,449.97M 2,057.99M 2,055.60M
Accounts Payable 74,078.91M 76,062.10M 75,480.75M 77,835.92M 69,863.03M 61,633.82M 63,340.98M 53,485.69M 58,612.83M 2,761.84M 2,166.47M 2,030.50M 1,619.64M 3,131.52M 1,950.18M 1,349.20M 783.97M 584.23M 523.08M 426.04M
Short-Term Debt 613.79M 1,087.33M 4,732.53M 3,623.32M 2,912.80M 43.04M 965.85M 1,109.31M 2,827.72M 2,958.67M 3,291.23M 4,833.60M 273.11M 165.04M 19.67M 0.00M 163.91M 207.94M 148.94M 169.93M
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 502.77M 392.00M 0.00M 416.95M 275.07M 227.80M 145.45M
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 502.77M 392.00M 0.00M 525.22M 824.39M 236.87M 517.00M
Other Current Liabilities 0.00M 0.00M 0.00M -8.47M 319.03M 131.22M 0.00M -237.44M 494.57M 888.57M 1,534.64M 2,349.59M 3,373.86M 227.77M 69.41M 117.96M 82.96M 595.09M 101.15M 126.17M
Total Current Liabilities 74,692.70M 77,149.43M 80,213.28M 81,450.77M 73,094.87M 61,808.08M 64,306.83M 54,357.57M 61,935.12M 6,609.08M 6,992.34M 9,213.68M 5,266.61M 4,529.87M 2,823.25M 1,467.16M 1,973.00M 2,486.72M 1,237.85M 1,384.58M
Long-Term Debt 2,998.81M 3,020.14M 2,998.41M 3,019.75M 3,382.30M 8,903.65M 8,327.30M 6,829.36M 6,417.63M 7,870.11M 10,008.27M 2,506.14M 2,215.38M 1,949.10M 131.18M 0.00M 42.45M 277.00M 367.52M 623.42M
Capital Lease Obligations 0.00M 27.75M 0.00M 0.00M 48.31M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.40M 1.03M 2.67M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 307.72M 4.75M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 400.88M 5,774.64M 391.50M 2,281.95M 9,450.78M 1,923.71M 2,020.12M 4,060.80M 3,971.24M 1,918.19M 1,741.62M 1,581.59M 1,399.37M 866.81M 703.59M -5.58M 511.81M 69.13M 61.64M 54.81M
Total Non-Current Liabilities 3,399.69M 8,822.53M 3,389.90M 5,301.70M 12,881.39M 10,827.36M 10,347.41M 10,890.16M 10,388.87M 9,788.30M 11,749.88M 4,087.73M 3,614.74M 3,123.63M 839.52M -5.58M 554.26M 346.53M 430.19M 680.90M
Total Liabilities 78,092.39M 85,971.96M 83,603.18M 86,752.47M 85,976.26M 72,635.44M 74,654.24M 65,247.73M 72,323.99M 16,397.38M 18,742.22M 13,301.41M 8,881.35M 7,653.50M 3,662.77M 1,461.58M 2,527.26M 2,833.25M 1,668.04M 2,065.48M
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 5,700.00M 5,700.00M 5,700.00M 5,700.00M 5,700.00M 5,700.00M 5,700.00M 5,700.00M 4,700.00M 3,500.00M 2,500.00M 2,000.00M 1,000.00M 500.00M 263.84M 100.00M 75.38M 75.38M 74.53M 74.53M
Retained Earnings 6,845.53M 6,017.01M 6,757.87M 5,435.32M 4,059.63M 4,031.91M 3,708.08M 5,555.12M 7,062.50M 5,851.97M 4,083.62M 2,421.77M 2,251.80M 0.00M 14.97M 0.00M 766.90M 0.00M 517.95M 10.20M
Accumulated OCI -118.24M 540.78M -104.08M -93.14M 437.28M -156.24M 78.37M -0.45M -7.22M -4.61M 77.71M 81.82M 105.09M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 7,939.44M 2,710.86M 10,049.50M 10,193.84M 3,095.26M 3,114.86M 3,672.33M 3,666.00M 3,659.59M 3,659.59M 3,643.29M 15.29M 12.05M 8.93M 0.00M 14.47M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 12,427.29M 12,257.79M 12,353.79M 11,042.18M 10,196.92M 9,575.67M 9,486.45M 11,254.67M 11,755.28M 9,347.37M 6,661.33M 4,503.59M 3,356.88M 500.00M 278.81M 100.00M 842.28M 75.38M 592.49M 84.73M
Total Equity 20,366.73M 14,968.65M 22,403.29M 21,236.02M 13,292.18M 12,690.53M 13,158.78M 14,920.67M 15,414.87M 13,006.96M 10,304.62M 4,518.88M 3,368.93M 508.93M 278.81M 114.47M 842.28M 75.38M 592.49M 84.73M
Total Liabilities & Equity 98,459.12M 100,940.61M 106,006.47M 107,988.49M 99,268.44M 85,325.97M 87,813.02M 80,168.40M 87,738.86M 29,404.34M 29,046.83M 17,820.29M 12,250.29M 8,162.43M 3,941.57M 1,576.05M 3,369.53M 2,908.63M 2,260.52M 2,150.21M
Tangible Assets 91,864.50M 94,256.80M 99,494.84M 192,371.47M 169,740.75M 80,154.71M 80,917.18M 69,876.33M 141,189.36M 28,241.88M 26,908.98M 26,058.80M 19,885.73M 8,057.90M 4,844.08M 3,634.56M 2,895.53M 2,073.93M 1,880.95M 1,863.17M
Tangible Equity 11,726.75M 6,239.98M 13,625.73M 12,164.79M 3,379.79M 2,314.65M 2,291.64M 1,834.38M 2,498.46M -313.31M -3,897.41M 2,267.96M 1,358.23M -1,446.94M -2,780.63M -14.82M -518.81M -300.66M 415.45M -107.70M
Tangible Book Value 11,726.75M 6,239.98M 13,625.73M 12,164.79M 3,379.79M 2,314.65M 2,291.64M 1,834.38M 2,498.46M -313.31M -3,897.41M 2,267.96M 1,358.23M -1,446.94M -2,780.63M -14.82M -518.81M -300.66M 415.45M -107.70M
Total Investments 0.00M 172.95M 1,364.58M 2,029.04M 520.49M 4,197.78M 3,149.60M 119.05M 159.97M 169.69M 359.40M 58.87M 46.39M 0.00M 0.69M 0.00M -63.48M 0.17M 0.29M 0.29M
Net Debt 3,542.02M 3,019.99M 7,661.19M 6,502.52M 954.90M 8,818.72M 9,055.54M 5,064.25M 3,221.16M 8,169.82M 12,049.97M 3,341.02M 2,065.42M 1,682.98M -142.07M -250.60M -307.92M 470.25M 487.45M 758.09M

Capital Metrics

Metric MRQ MRQ-1 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 12,652.3M 12,601.6M 14,703.3M 13,184.7M 11,940.4M 8,662.6M 8,730.9M 9,164.5M 9,336.2M 5,890.6M 4,611.9M 3,414.2M 2,740.5M 1,711.2M 544.2M 520.0M 333.5M -186.2M 201.7M -213.1M
Total Capital 15,970.2M 16,294.8M 19,989.7M 17,571.6M 16,432.1M 18,437.5M 18,723.4M 19,142.8M 20,946.7M 20,072.2M 19,820.2M 11,648.9M 5,808.3M 4,391.3M 1,575.4M 1,179.8M 1,066.8M 644.4M 1,128.5M 899.3M
Capital Employed 23,696.7M 23,693.0M 25,698.2M 26,451.4M 26,065.4M 23,433.1M 23,450.0M 25,760.3M 25,749.8M 22,691.3M 21,913.8M 8,412.1M 6,946.6M 5,409.7M 2,264.1M 1,755.0M 1,414.7M 505.2M 1,040.2M 781.5M
Invested Capital 15,899.6M 15,207.3M 19,920.0M 17,431.1M 11,091.9M 18,309.6M 18,485.8M 16,268.3M 14,922.5M 17,413.2M 18,570.6M 7,650.1M 5,385.2M 3,960.2M 1,282.5M 929.2M 552.5M 629.7M 1,099.5M 864.0M

Cash Flow Statement

Metric TTM TTM-1 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 2,463.34M 2,930.99M 3,350.06M 2,298.69M 1,501.35M 950.97M 2,521.24M 4,949.51M 6,085.81M 6,020.78M 5,434.83M 4,807.87M 4,038.66M 3,511.69M 2,704.35M 2,745.04M 2,331.10M 2,130.85M 1,352.39M 989.37M
Depreciation & Amortization 884.89M 942.63M 912.68M 981.68M 1,100.75M 1,228.50M 1,071.70M 932.05M 947.02M 965.68M 901.83M 427.36M 391.21M 317.33M 237.79M 193.37M 160.27M 134.90M 132.44M 135.38M
Deferred Income Tax -284.22M -520.18M -658.72M -63.21M 803.93M 394.34M -945.05M -820.04M -2,567.63M -2,557.20M -2,233.88M -1,585.76M -1,328.16M -960.42M 0.00M 0.00M -552.40M 0.00M 0.00M 0.00M
Stock-Based Compensation 26.17M 26.15M 37.14M -6.14M 9.50M 1.87M 11.61M 24.06M 24.03M 31.07M 22.95M -23.78M -0.31M 11.06M 0.00M 0.00M 3.70M 0.00M 0.00M 0.00M
Change in Working Capital 4,736.20M -3,060.97M -3,606.15M -5,900.84M -1,977.85M 380.60M -1,220.00M -1,966.86M 83.93M -476.53M -2,717.48M -1,960.81M -1,365.10M -1,695.44M -374.42M -657.42M -1,020.00M -244.18M -24.97M -26.48M
Accounts Receivable -4,530.84M 3,601.78M -1,001.20M -14,380.67M -9,250.79M 1,065.85M -10,322.14M 2,575.86M -54,704.59M 151.54M -1,603.68M -1,069.97M -2,868.00M -2,646.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 60.08M 54.89M 237.09M -63.21M -333.06M 0.00M -66.66M 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
Accounts Payable -2,327.86M 4,911.84M -2,287.40M 8,488.73M 7,475.65M -1,575.94M 9,669.82M -4,164.95M -81.25M 174.37M -37.11M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 11,802.89M -11,629.48M -554.63M 54.32M 130.35M 890.68M -501.02M -28.33M 54,952.96M -813.72M -1,088.69M -1,086.95M 1,422.36M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items -1,340.67M 938.06M 914.88M 558.62M 338.98M 288.10M 496.22M 456.48M 947.08M 1,145.60M 1,434.70M 169.68M 263.16M 66.39M -782.15M -743.10M 50.02M -954.01M -303.95M -209.53M
Net Cash from Operating Activities 8,676.37M 1,256.68M 949.89M -2,131.20M 1,776.66M 3,244.38M 1,935.73M 3,575.19M 5,520.23M 5,129.40M 2,842.96M 1,834.56M 1,999.45M 1,250.61M 1,785.58M 1,537.90M 972.69M 1,067.56M 1,155.90M 888.75M
Capital Expenditures (PPE) -665.97M -537.48M -504.92M -703.37M -685.63M -768.04M -1,131.66M -643.94M -472.22M -526.72M -8,559.01M -673.39M -90.96M -90.41M -273.56M -288.70M -231.20M -158.02M -197.40M -153.44M
Acquisitions (Net) 0.00M 158.70M 0.00M 648.18M 122.61M 0.00M 0.00M -67.32M 0.00M -9.24M -32.73M -1.00M -38.04M -1,365.26M -85.33M -3.26M -25.22M -32.05M -10.21M -30.17M
Purchases of 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 -91.24M -253.27M -102.60M
Sales / Maturities of 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 502.89M 0.00M 0.00M
Other Investing Activities -313.14M -368.47M -270.79M 257.64M 199.80M 2.12M 2.06M -272.22M -221.50M -208.76M -32.73M -1.00M 8.19M -16.13M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Investing Activities -665.97M -378.78M -504.92M -55.18M -363.22M -765.91M -1,129.60M -711.26M -472.22M -535.96M -8,591.74M -674.39M -120.81M -1,471.80M -358.89M -291.96M -256.42M 221.58M -460.88M -286.21M
Net Debt Issuance -3,599.68M 172.75M 1,240.32M 202.75M -2,922.50M -1,046.28M 1,306.03M -2,039.58M -1,522.66M -1,657.73M 4,329.72M 4,570.10M 112.36M 1,736.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance -3,599.68M 172.75M 1,240.32M 202.75M -2,922.50M -1,046.28M 1,306.03M -2,039.58M -1,522.66M -1,657.73M 4,329.72M 4,570.10M 112.36M 1,736.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 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 -30.84M -47.43M -27.12M -40.21M -5.62M -12.08M 25.57M 8.00M 19.33M -204.24M -13.65M 27.45M 17.96M 0.41M -69.23M 225.13M 0.00M 0.00M
Common Stock Issuance 0.00M 30.84M 0.00M 0.00M 0.00M 11.60M 17.21M 8.05M 25.57M 32.90M 36.63M 26.64M 53.06M 33.25M 17.96M 3.41M 0.00M 225.14M 0.00M 0.00M
Common Stock Repurchased 0.00M -30.84M -30.84M -47.43M -27.12M -40.21M -22.83M -20.13M 0.00M -24.90M -17.30M -230.88M -66.70M -5.80M 0.00M -3.00M -69.23M 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
Net Dividends Paid -1,334.07M -1,132.56M -1,193.12M -975.06M -583.57M -217.69M -1,702.58M -4,213.10M -2,219.19M -1,390.98M -1,434.33M -2,007.55M -1,667.32M -1,413.97M -1,402.34M -1,510.02M -1,204.52M -1,368.64M -699.65M -592.77M
Common Dividends Paid -1,334.07M -1,132.56M -1,193.12M -975.06M -583.57M -217.69M -1,702.58M -4,213.10M -2,219.19M -1,390.98M -1,434.33M -2,007.55M -1,667.32M -1,408.14M -1,402.34M -1,510.02M -1,204.52M -1,368.64M -699.65M -592.77M
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 -3,008.03M -722.42M -1,090.03M -442.04M 3,941.73M 150.08M -541.42M 134.58M 2,000.55M -100.13M 0.00M -10.02M -7.41M -5.82M 0.00M 0.00M -0.40M -0.63M -1.63M -9.42M
Net Cash from Financing Activities -7,922.99M -1,682.23M -1,073.67M -1,270.95M 419.53M -2,183.62M -943.59M -6,130.18M -1,715.74M -3,140.85M 2,914.72M 2,395.11M -1,870.39M 349.64M -1,384.37M -1,509.62M -1,274.15M -1,303.45M -701.28M -602.19M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -45.05M 116.48M 32.96M -43.17M 84.86M 20.37M 10.47M 9.78M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 87.40M -804.33M -628.70M -3,457.34M 1,832.96M 294.85M 303.81M -3,149.77M 3,365.24M 1,409.43M -2,749.20M 3,575.66M 18.73M 138.24M 42.31M -263.68M -557.88M -14.31M -6.26M 0.35M
Cash at Beginning of Period 4,151.60M 7,004.74M 1,882.87M 5,340.20M 3,507.24M 3,212.39M 2,903.05M 6,024.20M 2,658.96M 1,249.52M 3,998.72M 423.06M 404.34M 292.92M 250.60M 514.28M 1,072.16M 29.01M 35.26M 34.92M
Cash at End of Period 4,239.00M 6,200.41M 1,254.16M 1,882.87M 5,340.20M 3,507.24M 3,206.86M 2,874.42M 6,024.20M 2,658.96M 1,249.52M 3,998.72M 423.06M 431.16M 292.92M 250.60M 514.28M 14.70M 29.01M 35.26M
Operating Cash Flow 8,676.37M 1,256.68M 949.89M -2,131.20M 1,776.66M 3,244.38M 1,935.73M 3,575.19M 5,520.23M 5,129.40M 2,842.96M 1,834.56M 1,999.45M 1,250.61M 1,785.58M 1,537.90M 972.69M 1,067.56M 1,155.90M 888.75M
Capital Expenditure -665.97M -537.48M -504.92M -703.37M -685.63M -768.04M -1,131.66M -643.94M -472.22M -526.72M -8,559.01M -673.39M -90.96M -90.41M -273.56M -288.70M -231.20M -158.02M -197.40M -153.44M
Free Cash Flow 8,010.40M 719.20M 444.97M -2,834.57M 1,091.03M 2,476.34M 804.06M 2,931.25M 5,048.02M 4,602.69M -5,716.05M 1,161.17M 1,908.50M 1,160.20M 1,512.02M 1,249.20M 741.49M 909.53M 958.50M 735.30M

Free Cash Flow

Metric TTM TTM-1 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 4,751.43M 5,360.44M 5,408.41M 4,916.25M 3,879.69M 3,460.00M 4,200.24M 5,545.44M 6,019.89M 6,389.34M 5,941.83M 4,394.11M 4,030.18M 3,419.25M 2,640.81M 2,727.75M 2,313.32M 1,933.92M 1,530.13M 1,112.46M
(-) Tax Adjustment 916.40M 1,427.72M 1,423.75M 1,249.03M 886.00M 1,162.32M 1,225.06M 1,557.44M 1,801.45M 1,949.75M 1,949.77M 1,443.05M 1,355.13M 1,159.72M 866.58M 908.37M 791.22M 668.89M 530.02M 372.69M
(-) Change In Working Capital 4,736.20M -3,060.97M -3,606.15M -5,900.84M -1,977.85M 380.60M -1,220.00M -1,966.86M 83.93M -476.53M -2,717.48M -1,960.81M -1,365.10M -1,695.44M -374.42M -657.42M -1,020.00M -244.18M -24.97M -26.48M
(-) Capital Expenditure -665.97M -537.48M -504.92M -703.37M -685.63M -768.04M -1,131.66M -643.94M -472.22M -526.72M -8,559.01M -673.39M -90.96M -90.41M -273.56M -288.70M -231.20M -158.02M -197.40M -153.44M
Unlevered Free Cash Flow -1,567.14M 6,456.21M 7,085.88M 8,864.69M 4,285.91M 1,149.05M 3,063.51M 5,310.92M 3,662.29M 4,389.40M -1,849.46M 4,238.47M 3,949.19M 3,864.56M 1,875.09M 2,188.10M 2,310.89M 1,351.18M 827.68M 612.81M
(-) Net Interest Income After Taxes -1,036.21M -383.01M -1,181.03M -148.81M -25.91M 137.87M 420.10M 987.61M 1,275.19M 1,043.13M -676.74M -59.05M -52.97M -10.13M -22.65M -22.66M -28.45M -61.18M -48.17M -56.94M
Net Debt Issuance -3,599.68M 172.75M 1,240.32M 202.75M -2,922.50M -1,046.28M 1,306.03M -2,039.58M -1,522.66M -1,657.73M 4,329.72M 4,570.10M 112.36M 1,736.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow -4,130.61M 7,011.97M 9,507.23M 9,216.26M 1,389.33M -35.10M 3,949.44M 2,283.73M 864.43M 1,688.54M 3,157.00M 8,867.62M 4,114.51M 5,610.85M 1,897.73M 2,210.76M 2,339.34M 1,412.36M 875.85M 669.75M