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Definitive Analysis

Financial Statements

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Ticker

Industry

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Page: Company Financials

Eastman Chemical Company

Ticker: EMN | Industry: Chemicals - Specialty | Sector: Basic Materials
$70.23 +0.35 (0.50%)
As of: 2026-01-15

Master Data Export


Enterprise Value

Metric MRQ MRQ-1 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Stock Price 63.05 74.66 75.27 99.69 83.65 88.58 112.13 73.66 77.80 93.88 86.98 70.76 70.83 82.58 74.78 56.82 43.51 34.39 22.31 27.26 32.13 27.32 26.59 24.28 16.72 21.25 21.43 22.37 22.67 28.11 29.85 30.52
Market Capitalization 7,212.92M 8,585.90M 8,693.75M 11,656.67M 9,916.01M 10,997.04M 15,126.09M 9,981.19M 10,688.29M 13,275.46M 12,587.43M 10,422.99M 10,523.32M 12,351.14M 11,514.03M 8,276.35M 6,109.80M 4,955.39M 3,226.68M 4,129.01M 5,381.52M 4,477.32M 4,290.73M 3,814.38M 2,569.87M 3,370.79M 3,267.38M 3,431.29M 3,544.27M 4,434.04M 4,660.87M 4,793.74M
(-) Cash & Equivalents 0.00M 423.00M 280.33M 618.00M 499.00M 474.25M 581.25M 649.50M 198.00M 201.50M 201.25M 207.50M 266.50M 196.50M 217.75M 1,013.75M 574.75M 519.00M 562.75M 519.75M 848.25M 587.75M 361.00M 172.75M 189.00M 80.00M 64.00M 99.00M 101.50M 47.75M 39.00M 46.00M
(+) Total Debt 0.00M 5,126.00M 3,382.33M 5,046.00M 5,318.25M 5,142.50M 5,429.75M 5,977.50M 6,202.50M 6,597.25M 6,749.50M 6,771.00M 7,321.50M 5,380.00M 4,536.25M 3,799.50M 1,600.25M 1,607.00M 1,486.50M 1,508.25M 1,655.75M 1,629.25M 1,643.75M 2,135.50M 2,331.00M 2,082.75M 2,260.25M 2,036.75M 2,032.75M 1,795.75M 1,728.00M 1,448.25M
Enterprise Value 7,212.92M 13,288.90M 11,795.75M 16,084.67M 14,735.26M 15,665.29M 19,974.59M 15,309.19M 16,692.79M 19,671.21M 19,135.68M 16,986.49M 17,578.32M 17,534.64M 15,832.53M 11,062.10M 7,135.30M 6,043.39M 4,150.43M 5,117.51M 6,189.02M 5,518.82M 5,573.48M 5,777.13M 4,711.87M 5,373.54M 5,463.63M 5,369.04M 5,475.52M 6,182.04M 6,349.87M 6,195.99M

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 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Revenue 9,024M 9,342M 9,382M 9,198M 10,535M 10,483M 8,464M 9,247M 10,122M 9,514M 8,945M 9,558M 9,512M 9,358M 8,064M 7,178M 5,798M 5,024M 6,726M 6,830M 7,450M 7,059M 6,580M 5,800M 5,320M 5,390M 5,292M 4,590M 4,481M 4,678M 4,782M 5,040M
Cost of Revenue 6,964M 7,157M 7,092M 7,136M 8,479M 7,965M 6,459M 6,999M 7,693M 7,031M 6,490M 6,851M 7,299M 6,588M 6,318M 5,538M 4,369M 3,988M 5,591M 5,589M 6,173M 5,655M 5,602M 4,990M 4,541M 4,497M 4,226M 3,768M 3,546M 3,582M 3,603M 3,228M
Gross Profit 2,060M 2,185M 2,290M 2,062M 2,056M 2,518M 2,005M 2,248M 2,429M 2,483M 2,455M 2,707M 2,213M 2,770M 1,746M 1,640M 1,429M 1,036M 1,135M 1,241M 1,277M 1,404M 978M 810M 779M 893M 1,066M 822M 935M 1,096M 1,179M 1,812M
Gross Profit Margin 22.8% 23.4% 24.4% 22.4% 19.5% 24.0% 23.7% 24.3% 24.0% 26.1% 27.4% 28.3% 23.3% 29.6% 21.7% 22.8% 24.6% 20.6% 16.9% 18.2% 17.1% 19.9% 14.9% 14.0% 14.6% 16.6% 20.1% 17.9% 20.9% 23.4% 24.7% 36.0%
R&D Expenses 263M 241M 250M 239M 264M 254M 226M 234M 235M 214M 217M 251M 227M 193M 198M 158M 152M 137M 158M 156M 167M 162M 154M 173M 159M 160M 149M 187M 185M 191M 184M 176M
SG&A Expenses 607M 741M 664M 727M 708M 795M 654M 691M 721M 729M 694M 743M 709M 609M 600M 465M 431M 399M 419M 420M 437M 454M 450M 414M 407M 407M 346M 355M 316M 337M 332M 364M
Operating Expenses 870M 982M 914M 966M 972M 1,049M 880M 925M 956M 956M 913M 985M 936M 802M 798M 623M 583M 536M 577M 576M 604M 616M 604M 1,077M 571M 1,019M 504M 620M 501M 590M 516M 848M
Operating Income (EBIT) 1,190M 1,203M 1,376M 1,096M 1,084M 1,469M 1,125M 1,323M 1,473M 1,527M 1,542M 1,722M 1,277M 1,968M 948M 1,017M 846M 500M 558M 665M 673M 788M 374M -267M 208M -126M 562M 202M 434M 506M 663M 964M
Operating Income Margin 13.2% 12.9% 14.7% 11.9% 10.3% 14.0% 13.3% 14.3% 14.6% 16.1% 17.2% 18.0% 13.4% 21.0% 11.8% 14.2% 14.6% 10.0% 8.3% 9.7% 9.0% 11.2% 5.7% -4.6% 3.9% -2.3% 10.6% 4.4% 9.7% 10.8% 13.9% 19.1%
Interest Income 11M 14M 16M 10M 6M 3M 4M 3M 3M 3M 3M 3M 16M 6M 5M 7M 6M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 219M 214M 216M 225M 188M 192M 205M 221M 238M 244M 258M 266M 203M 186M 148M 83M 105M 78M 70M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Net Interest Income -208M -200M -200M -215M -182M -189M -201M -218M -235M -241M -255M -263M -187M -180M -143M -76M -99M -78M -70M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Unusual Items -129M 203M -98M 206M 75M -198M -394M -203M 72M 16M -217M -330M -100M -109M -156M 23M -111M -196M -59M -195M -97M -5M -310M -114M -124M -171M -110M -130M -74M -60M -56M -65M
EBT Excluding Unusual Items 982M 1,003M 1,176M 881M 902M 1,280M 924M 1,105M 1,238M 1,286M 1,287M 1,459M 1,090M 1,788M 805M 941M 747M 422M 488M 665M 673M 788M 374M -267M 208M -126M 562M 202M 434M 506M 663M 964M
Pre-Tax Income 853M 1,206M 1,078M 1,087M 977M 1,082M 530M 902M 1,310M 1,302M 1,070M 1,129M 990M 1,679M 649M 964M 636M 226M 429M 470M 576M 783M 64M -381M 84M -297M 452M 72M 360M 446M 607M 899M
Pre-Tax Margin 9.5% 12.9% 11.5% 11.8% 9.3% 10.3% 6.3% 9.8% 12.9% 13.7% 12.0% 11.8% 10.4% 17.9% 8.0% 13.4% 11.0% 4.5% 6.4% 6.9% 7.7% 11.1% 1.0% -6.6% 1.6% -5.5% 8.5% 1.6% 8.0% 9.5% 12.7% 17.8%
Income Tax Expense 152M 318M 170M 191M 181M 215M 41M 140M 226M -177M 199M 275M 235M 507M 206M 307M 211M 90M 101M 149M 167M 226M -106M -108M 5M -118M 149M 24M 111M 160M 227M 340M
Net Income 699M 885M 905M 894M 793M 857M 478M 759M 1,080M 1,474M 866M 848M 751M 1,165M 437M 696M 438M 136M 346M 300M 409M 557M 170M -270M 61M -179M 303M 48M 249M 286M 380M 559M
Net Income Margin 7.7% 9.5% 9.6% 9.7% 7.5% 8.2% 5.6% 8.2% 10.7% 15.5% 9.7% 8.9% 7.9% 12.4% 5.4% 9.7% 7.6% 2.7% 5.1% 4.4% 5.5% 7.9% 2.6% -4.7% 1.1% -3.3% 5.7% 1.0% 5.6% 6.1% 7.9% 11.1%
Depreciation & Amortization 382M 498M 509M 498M 477M 538M 574M 610M 601M 584M 580M 571M 450M 433M 360M 273M 280M 274M 267M 327M 308M 304M 322M 367M 397M 435M 418M 383M 351M 327M 314M 308M
EBITDA 1,572M 1,701M 1,885M 1,594M 1,561M 2,007M 1,699M 1,933M 2,074M 2,111M 2,122M 2,293M 1,727M 2,401M 1,308M 1,290M 1,126M 774M 825M 992M 981M 1,092M 696M 100M 605M 309M 980M 585M 785M 833M 977M 1,272M
EBITDA Margin 17.4% 18.2% 20.1% 17.3% 14.8% 19.1% 20.1% 20.9% 20.5% 22.2% 23.7% 24.0% 18.2% 25.7% 16.2% 18.0% 19.4% 15.4% 12.3% 14.5% 13.2% 15.5% 10.6% 1.7% 11.4% 5.7% 18.5% 12.7% 17.5% 17.8% 20.4% 25.2%
NOPAT 978M 886M 1,159M 903M 883M 1,177M 1,038M 1,118M 1,219M 1,735M 1,255M 1,303M 974M 1,374M 647M 693M 565M 301M 427M 454M 478M 561M 993M -211M 196M -100M 377M 135M 300M 324M 415M 599M
NOPAT Margin 10.8% 9.5% 12.4% 9.8% 8.4% 11.2% 12.3% 12.1% 12.0% 18.2% 14.0% 13.6% 10.2% 14.7% 8.0% 9.7% 9.8% 6.0% 6.3% 6.6% 6.4% 7.9% 15.1% -3.6% 3.7% -1.8% 7.1% 2.9% 6.7% 6.9% 8.7% 11.9%
Owner's Earnings 488M 664M 815M 564M 659M 817M 656M 938M 1,153M 1,409M 820M 767M 608M 1,115M 327M 503M 468M 92M -31M 98M 312M 518M 244M -133M 31M 22M 495M 139M 100M -136M -95M 421M
Owner's Earnings Margin 5.4% 7.1% 8.7% 6.1% 6.3% 7.8% 7.8% 10.1% 11.4% 14.8% 9.2% 8.0% 6.4% 11.9% 4.1% 7.0% 8.1% 1.8% -0.5% 1.4% 4.2% 7.3% 3.7% -2.3% 0.6% 0.4% 9.4% 3.0% 2.2% -2.9% -2.0% 8.4%
EPS (Basic) 6.06 7.54 7.75 7.54 6.42 6.35 3.53 5.52 7.65 10.18 5.88 5.71 5.03 7.57 3.00 4.98 3.04 0.94 2.30 1.82 2.49 3.45 1.10 -1.75 0.40 -1.17 1.98 0.31 1.58 1.83 2.42 3.42
EPS (Diluted) 5.98 7.48 7.68 7.49 6.35 6.25 3.50 5.48 7.56 10.09 5.84 5.66 4.97 7.44 2.93 4.86 2.96 0.93 2.28 1.79 2.46 3.40 1.09 -1.75 0.39 -1.17 1.97 0.31 1.57 1.81 2.40 3.39
Shares (Basic) 116M 117M 117M 119M 124M 135M 136M 137M 141M 145M 147M 149M 150M 154M 146M 140M 144M 145M 150M 165M 164M 161M 155M 154M 154M 154M 153M 157M 158M 156M 157M 163M
Shares (Diluted) 117M 118M 118M 119M 125M 137M 137M 139M 143M 146M 148M 150M 151M 157M 149M 143M 148M 147M 152M 168M 167M 164M 157M 154M 154M 154M 154M 157M 159M 158M 159M 165M

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 2013-12-31 2012-12-31
Additives And Functional Products 2,942.00M 2,732.00M 2,862.00M 2,834.00M 3,165.00M 3,700.00M 3,022.00M 3,273.00M 3,647.00M 3,343.00M 2,979.00M 2,368.00M 1,821.00M 1,719.00M 1,332.00M
Adhesives And Plasticizers 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,214.00M 1,363.00M 1,326.00M 1,432.00M
Advanced Materials 3,003.00M 2,994.00M 3,050.00M 2,932.00M 3,207.00M 3,027.00M 2,524.00M 2,688.00M 2,755.00M 2,572.00M 2,457.00M 2,414.00M 2,378.00M 2,349.00M 1,694.00M
Chemical Intermediates 2,104.00M 2,078.00M 2,134.00M 2,143.00M 3,026.00M 2,849.00M 2,090.00M 2,443.00M 2,831.00M 2,728.00M 2,534.00M 2,388.00M 2,490.00M 2,497.00M 2,318.00M
Fibers 1,219.00M 1,330.00M 1,318.00M 1,295.00M 1,022.00M 900.00M 837.00M 869.00M 918.00M 852.00M 992.00M 1,219.00M 1,457.00M 1,441.00M 1,315.00M

Geographic 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 2013-12-31 2012-12-31
All Foreign Countries 0.00M 0.00M 4,536.00M 4,442.00M 5,842.00M 6,079.00M 5,036.00M 5,553.00M 6,033.00M 5,550.00M 5,205.00M 5,552.00M 5,365.00M 5,210.00M 4,271.00M
Asia Pacific 2,570.00M 2,289.00M 1,073.00M 974.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
UNITED STATES 0.00M 0.00M 3,773.00M 3,794.00M 4,738.00M 4,397.00M 3,437.00M 3,720.00M 4,118.00M 3,999.00M 3,803.00M 4,096.00M 4,162.00M 4,140.00M 3,831.00M

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 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Cash & Cash Equivalents 423.00M 418.00M 837.00M 548.00M 493.00M 459.00M 564.00M 204.00M 226.00M 191.00M 181.00M 293.00M 214.00M 237.00M 249.00M 577.00M 516.00M 793.00M 387.00M 888.00M 939.00M 524.00M 325.00M 558.00M 77.00M 66.00M 101.00M 186.00M 29.00M 29.00M 24.00M 100.00M
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 200.00M 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 423.00M 418.00M 837.00M 548.00M 493.00M 459.00M 564.00M 204.00M 226.00M 191.00M 181.00M 293.00M 214.00M 237.00M 249.00M 777.00M 516.00M 793.00M 387.00M 888.00M 939.00M 524.00M 325.00M 558.00M 77.00M 66.00M 101.00M 186.00M 29.00M 29.00M 24.00M 100.00M
Net Receivables 1,340.00M 1,259.00M 1,172.00M 1,154.00M 1,277.00M 1,580.00M 1,515.00M 1,375.00M 1,483.00M 1,386.00M 1,211.00M 1,038.00M 1,200.00M 1,088.00M 997.00M 704.00M 676.00M 379.00M 354.00M 658.00M 754.00M 656.00M 779.00M 701.00M 674.00M 656.00M 737.00M 631.00M 776.00M 793.00M 744.00M 802.00M
Inventory 2,151.00M 2,116.00M 1,988.00M 1,683.00M 1,894.00M 1,504.00M 1,379.00M 1,662.00M 1,583.00M 1,509.00M 1,404.00M 1,479.00M 1,509.00M 1,264.00M 1,260.00M 779.00M 619.00M 531.00M 637.00M 539.00M 682.00M 671.00M 582.00M 698.00M 713.00M 659.00M 580.00M 485.00M 493.00M 511.00M 465.00M 467.00M
Other Current Assets 107.00M 108.00M 104.00M 96.00M 114.00M 1,103.00M 83.00M 80.00M 73.00M 57.00M 70.00M 68.00M 250.00M 251.00M 88.00M 42.00M 236.00M 32.00M 45.00M 208.00M 47.00M 73.00M 82.00M 140.00M 207.00M 77.00M 105.00M 187.00M 117.00M 157.00M 112.00M 100.00M
Total Current Assets 4,021.00M 3,901.00M 4,101.00M 3,481.00M 3,778.00M 4,646.00M 3,541.00M 3,321.00M 3,365.00M 3,143.00M 2,866.00M 2,878.00M 3,173.00M 2,840.00M 2,594.00M 2,302.00M 2,047.00M 1,735.00M 1,423.00M 2,293.00M 2,422.00M 1,924.00M 1,768.00M 2,097.00M 1,671.00M 1,458.00M 1,523.00M 1,489.00M 1,415.00M 1,490.00M 1,345.00M 1,469.00M
Property, Plant & Equipment 5,746.00M 5,639.00M 5,615.00M 5,548.00M 5,160.00M 4,996.00M 5,549.00M 5,571.00M 5,600.00M 5,607.00M 5,276.00M 5,130.00M 5,087.00M 4,290.00M 4,181.00M 3,107.00M 3,219.00M 3,110.00M 3,198.00M 2,846.00M 3,069.00M 3,162.00M 3,192.00M 3,419.00M 3,753.00M 3,627.00M 3,925.00M 3,950.00M 4,060.00M 3,881.00M 3,520.00M 3,049.00M
Goodwill 3,665.00M 3,642.00M 3,632.00M 3,646.00M 3,664.00M 3,641.00M 4,465.00M 4,431.00M 4,467.00M 4,527.00M 4,461.00M 4,518.00M 4,486.00M 2,637.00M 2,644.00M 406.00M 375.00M 315.00M 325.00M 316.00M 314.00M 312.00M 314.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 1,028.00M 1,021.00M 1,032.00M 1,138.00M 1,210.00M 1,362.00M 1,792.00M 2,011.00M 2,185.00M 2,373.00M 2,469.00M 2,650.00M 2,905.00M 1,761.00M 1,849.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 25.00M 350.00M 573.00M 614.00M 612.00M 446.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 18.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -884.00M -893.00M -1,206.00M -928.00M -946.00M -496.00M -91.00M -616.00M -659.00M -258.00M -106.00M -300.00M -269.00M -317.00M -210.00M -316.00M -484.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 884.00M 893.00M 1,206.00M 928.00M 946.00M 496.00M 91.00M 210.00M 284.00M 258.00M 106.00M 300.00M 269.00M 317.00M 210.00M 316.00M 484.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 759.00M 750.00M 833.00M 820.00M 855.00M 874.00M 736.00M 674.00M 378.00M 349.00M 385.00M 435.00M 421.00M 317.00M 351.00M 775.00M 757.00M 355.00M 335.00M 554.00M 368.00M 375.00M 573.00M 451.00M 418.00M 387.00M 490.00M 418.00M 401.00M 407.00M 401.00M 336.00M
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 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 11,198.00M 11,070.00M 11,112.00M 11,152.00M 10,889.00M 10,873.00M 12,542.00M 12,687.00M 12,630.00M 12,856.00M 12,591.00M 12,733.00M 12,899.00M 9,005.00M 9,025.00M 3,882.00M 3,976.00M 3,780.00M 3,858.00M 3,716.00M 3,751.00M 3,849.00M 4,104.00M 4,220.00M 4,744.00M 4,628.00M 5,027.00M 4,814.00M 4,461.00M 4,288.00M 3,921.00M 3,385.00M
Total Assets 15,219.00M 14,971.00M 15,213.00M 14,633.00M 14,667.00M 15,519.00M 16,083.00M 16,008.00M 15,995.00M 15,999.00M 15,457.00M 15,611.00M 16,072.00M 11,845.00M 11,619.00M 6,184.00M 6,023.00M 5,515.00M 5,281.00M 6,009.00M 6,173.00M 5,773.00M 5,872.00M 6,317.00M 6,415.00M 6,086.00M 6,550.00M 6,303.00M 5,876.00M 5,778.00M 5,266.00M 4,854.00M
Accounts Payable 2,008.00M 1,984.00M 1,309.00M 1,170.00M 1,319.00M 1,228.00M 799.00M 890.00M 914.00M 842.00M 704.00M 699.00M 827.00M 762.00M 723.00M 529.00M 0.00M 0.00M 434.00M 578.00M 581.00M 534.00M 535.00M 973.00M 1,244.00M 906.00M 526.00M 323.00M 265.00M 281.00M 312.00M 291.00M
Short-Term Debt 344.00M 285.00M 450.00M 541.00M 1,126.00M 747.00M 349.00M 171.00M 243.00M 393.00M 283.00M 431.00M 301.00M 0.00M 4.00M 153.00M 6.00M 0.00M 13.00M 78.00M 14.00M 4.00M 1.00M 504.00M 3.00M 54.00M 106.00M 599.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 290.00M 192.00M 157.00M 138.00M 178.00M 89.00M 94.00M 111.00M 106.00M 0.00M 0.00M 80.00M 76.00M 40.00M 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
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 94.00M 399.00M 412.00M 211.00M 191.00M 0.00M 403.00M 40.00M 0.00M 0.00M -832.00M 174.00M 185.00M -1,051.00M -1,099.00M -1,477.00M -1,224.00M 230.00M 303.00M 255.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 35.00M 0.00M 428.00M 451.00M 391.00M 446.00M 390.00M 373.00M 417.00M 548.00M 502.00M 579.00M 703.00M 362.00M 325.00M 175.00M 210.00M 335.00M 385.00M 222.00M 203.00M 170.00M 563.00M 0.00M 0.00M -230.00M 330.00M 431.00M 306.00M 247.00M 475.00M 582.00M
Total Current Liabilities 2,387.00M 2,269.00M 2,477.00M 2,354.00M 2,993.00M 2,559.00M 1,716.00M 1,523.00M 1,762.00M 2,293.00M 2,007.00M 1,920.00M 2,022.00M 1,204.00M 1,531.00M 937.00M 216.00M 335.00M 0.00M 1,052.00M 983.00M -343.00M 0.00M 0.00M 23.00M 960.00M 1,265.00M 1,608.00M 571.00M 528.00M 787.00M 873.00M
Long-Term Debt 4,782.00M 4,736.00M 4,567.00M 4,305.00M 4,025.00M 4,412.00M 5,269.00M 5,611.00M 5,925.00M 6,147.00M 6,311.00M 6,608.00M 7,248.00M 4,254.00M 4,779.00M 1,445.00M 1,598.00M 1,604.00M 1,442.00M 1,535.00M 1,589.00M 1,621.00M 2,061.00M 2,089.00M 2,054.00M 2,143.00M 1,914.00M 1,506.00M 1,649.00M 1,714.00M 1,523.00M 1,217.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5.00M 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 0.00M 0.00M
Deferred Tax Liabilities 429.00M 512.00M 533.00M 601.00M 671.00M 810.00M 848.00M 915.00M 884.00M 893.00M 1,206.00M 928.00M 946.00M 496.00M 91.00M 210.00M 284.00M 258.00M 106.00M 300.00M 269.00M 317.00M 210.00M 316.00M 484.00M 452.00M 607.00M 485.00M 415.00M 397.00M 348.00M 330.00M
Other Non-Current Liabilities 1,715.00M 1,510.00M 1,553.00M 1,621.00M 1,484.00M 1,538.00M 1,820.00M 1,661.00M 1,457.00M 1,492.00M 1,537.00M 1,967.00M 2,266.00M 1,750.00M 2,448.00M 1,545.00M 1,407.00M 119.00M 1,348.00M 970.00M 1,227.00M 1,172.00M 1,318.00M 1,621.00M 1,724.00M 1,155.00M 959.00M 945.00M 893.00M 960.00M 969.00M 906.00M
Total Non-Current Liabilities 6,926.00M 6,758.00M 6,653.00M 6,527.00M 6,180.00M 6,760.00M 7,937.00M 8,187.00M 8,266.00M 8,537.00M 9,054.00M 9,503.00M 10,460.00M 6,500.00M 7,318.00M 3,200.00M 3,289.00M 1,981.00M 2,896.00M 2,805.00M 3,085.00M 3,110.00M 3,589.00M 4,026.00M 4,262.00M 3,750.00M 3,480.00M 2,936.00M 2,957.00M 3,071.00M 2,840.00M 2,453.00M
Total Liabilities 9,313.00M 9,027.00M 9,130.00M 8,881.00M 9,173.00M 9,319.00M 9,653.00M 9,710.00M 10,028.00M 10,830.00M 11,061.00M 11,423.00M 12,482.00M 7,704.00M 8,849.00M 4,137.00M 3,505.00M 2,316.00M 2,896.00M 3,857.00M 4,068.00M 2,767.00M 3,589.00M 4,026.00M 4,285.00M 4,710.00M 4,745.00M 4,544.00M 3,528.00M 3,599.00M 3,627.00M 3,326.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 91.00M 13.00M 0.00M 0.00M 0.00M 1.00M 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 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 2.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 0.00M 0.00M
Retained Earnings 10,143.00M 10,099.00M 10,013.00M 9,490.00M 8,973.00M 8,557.00M 8,080.00M 7,965.00M 7,573.00M 6,802.00M 5,721.00M 5,146.00M 4,545.00M 4,012.00M 3,038.00M 3,436.00M 2,880.00M 2,571.00M 2,563.00M 2,349.00M 2,186.00M 1,923.00M 1,509.00M 1,476.00M 1,882.00M 1,952.00M 2,266.00M 2,098.00M 2,188.00M 2,078.00M 1,929.00M 1,684.00M
Accumulated OCI -353.00M -321.00M -314.00M -319.00M -205.00M -182.00M -273.00M -214.00M -245.00M -209.00M -281.00M -390.00M -277.00M 171.00M 123.00M -538.00M -432.00M -385.00M -335.00M -28.00M -174.00M -200.00M -103.00M -121.00M -295.00M -251.00M -117.00M -54.00M -18.00M -37.00M -4,010.00M 0.00M
Minority Interest 71.00M 73.00M 73.00M 72.00M 83.00M 84.00M 85.00M 74.00M 75.00M 77.00M 76.00M 80.00M 80.00M 79.00M 85.00M 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 9,792.00M 9,780.00M 9,701.00M 9,173.00M 8,770.00M 8,377.00M 7,809.00M 7,753.00M 7,330.00M 6,686.00M 5,455.00M 4,758.00M 4,270.00M 4,185.00M 3,164.00M 2,900.00M 2,449.00M 2,187.00M 2,229.00M 2,322.00M 2,013.00M 1,724.00M 1,407.00M 1,356.00M 1,588.00M 1,702.00M 2,150.00M 2,045.00M 2,171.00M 2,042.00M -2,081.00M 1,684.00M
Total Equity 9,863.00M 9,853.00M 9,774.00M 9,245.00M 8,853.00M 8,461.00M 7,894.00M 7,827.00M 7,405.00M 6,763.00M 5,531.00M 4,838.00M 4,350.00M 4,264.00M 3,249.00M 2,900.00M 2,449.00M 2,187.00M 2,229.00M 2,322.00M 2,013.00M 1,724.00M 1,407.00M 1,356.00M 1,588.00M 1,702.00M 2,150.00M 2,045.00M 2,171.00M 2,042.00M -2,081.00M 1,684.00M
Total Liabilities & Equity 19,176.00M 18,880.00M 18,904.00M 18,126.00M 18,026.00M 17,780.00M 17,547.00M 17,537.00M 17,433.00M 17,593.00M 16,592.00M 16,261.00M 16,832.00M 11,968.00M 12,098.00M 7,037.00M 5,954.00M 4,503.00M 5,125.00M 6,179.00M 6,081.00M 4,491.00M 4,996.00M 5,382.00M 5,873.00M 6,412.00M 6,895.00M 6,589.00M 5,699.00M 5,641.00M 1,546.00M 5,010.00M
Tangible Assets 10,526.00M 10,308.00M 10,549.00M 9,849.00M 9,793.00M 10,516.00M 9,826.00M 9,566.00M 9,343.00M 9,099.00M 8,527.00M 8,443.00M 8,681.00M 7,447.00M 7,126.00M 5,778.00M 5,648.00M 5,200.00M 4,956.00M 5,693.00M 5,859.00M 5,461.00M 5,533.00M 5,967.00M 5,842.00M 5,472.00M 5,938.00M 5,857.00M 5,876.00M 5,778.00M 5,266.00M 4,854.00M
Tangible Equity 5,170.00M 5,190.00M 5,110.00M 4,461.00M 3,979.00M 3,458.00M 1,637.00M 1,385.00M 753.00M -137.00M -1,399.00M -2,330.00M -3,041.00M -134.00M -1,244.00M 2,494.00M 2,074.00M 1,872.00M 1,904.00M 2,006.00M 1,699.00M 1,412.00M 1,068.00M 1,006.00M 1,015.00M 1,088.00M 1,538.00M 1,599.00M 2,171.00M 2,042.00M -2,081.00M 1,684.00M
Tangible Book Value 5,170.00M 5,190.00M 5,110.00M 4,461.00M 3,979.00M 3,458.00M 1,637.00M 1,385.00M 753.00M -137.00M -1,399.00M -2,330.00M -3,041.00M -134.00M -1,244.00M 2,494.00M 2,074.00M 1,872.00M 1,904.00M 2,006.00M 1,699.00M 1,412.00M 1,068.00M 1,006.00M 1,015.00M 1,088.00M 1,538.00M 1,599.00M 2,171.00M 2,042.00M -2,081.00M 1,684.00M
Total Investments 0.00M 18.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -884.00M -893.00M -1,206.00M -928.00M -946.00M -496.00M -91.00M -416.00M -659.00M -258.00M -106.00M -300.00M -269.00M -317.00M -210.00M -316.00M -484.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt 4,703.00M 4,603.00M 4,180.00M 4,298.00M 4,658.00M 4,700.00M 5,054.00M 5,578.00M 5,942.00M 6,349.00M 6,413.00M 6,746.00M 7,335.00M 4,017.00M 4,534.00M 1,021.00M 1,088.00M 811.00M 1,068.00M 725.00M 664.00M 1,101.00M 1,737.00M 2,035.00M 1,980.00M 2,131.00M 1,919.00M 1,919.00M 1,620.00M 1,685.00M 1,499.00M 1,117.00M

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 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Working Capital 1,634.0M 1,632.0M 1,393.0M 905.0M 527.0M 1,675.0M 1,503.0M 1,532.0M 1,514.0M 1,161.0M 1,071.0M 822.0M 1,151.0M 1,370.0M 1,230.0M 1,188.0M 977.0M 935.0M 591.0M 1,171.0M 1,363.0M 873.0M 669.0M 533.0M 305.0M 500.0M 265.0M -119.0M 430.0M 536.0M 558.0M 596.0M
Total Capital 10,961.0M 10,892.0M 10,796.0M 10,304.0M 10,304.0M 10,863.0M 11,641.0M 11,740.0M 11,971.0M 12,034.0M 11,139.0M 10,980.0M 11,059.0M 8,050.0M 7,727.0M 3,468.0M 3,231.0M 3,117.0M 3,008.0M 3,695.0M 3,632.0M 3,237.0M 3,246.0M 3,636.0M 3,328.0M 3,575.0M 3,832.0M 3,864.0M 3,583.0M 3,467.0M 3,162.0M 2,745.0M
Capital Employed 12,832.0M 12,702.0M 12,505.0M 12,057.0M 11,416.0M 12,548.0M 14,045.0M 14,219.0M 14,144.0M 14,017.0M 13,662.0M 13,555.0M 14,050.0M 10,375.0M 10,255.0M 5,070.0M 4,953.0M 4,715.0M 4,449.0M 4,887.0M 5,114.0M 4,722.0M 4,773.0M 4,753.0M 5,049.0M 5,128.0M 5,292.0M 4,695.0M 4,891.0M 4,824.0M 4,479.0M 3,981.0M
Invested Capital 10,538.0M 10,474.0M 9,959.0M 9,756.0M 9,811.0M 10,404.0M 11,077.0M 11,536.0M 11,745.0M 11,843.0M 10,958.0M 10,687.0M 10,845.0M 7,813.0M 7,478.0M 2,891.0M 2,715.0M 2,324.0M 2,621.0M 2,807.0M 2,693.0M 2,713.0M 2,921.0M 3,078.0M 3,251.0M 3,509.0M 3,731.0M 3,678.0M 3,554.0M 3,438.0M 3,138.0M 2,645.0M

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 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Net Income 835.00M 886.00M 908.00M 896.00M 796.00M 867.00M 489.00M 762.00M 1,084.00M 1,388.00M 859.00M 854.00M 757.00M 1,172.00M 444.00M 647.00M 427.00M 136.00M 346.00M 300.00M 409.00M 557.00M 170.00M -270.00M 61.00M -175.00M 303.00M 48.00M 249.00M 286.00M 380.00M 559.00M
Depreciation & Amortization 509.00M 491.00M 509.00M 498.00M 477.00M 538.00M 574.00M 611.00M 604.00M 587.00M 580.00M 571.00M 450.00M 433.00M 360.00M 273.00M 280.00M 274.00M 267.00M 327.00M 308.00M 304.00M 322.00M 367.00M 397.00M 435.00M 418.00M 383.00M 351.00M 327.00M 314.00M 308.00M
Deferred Income Tax -63.00M -46.00M -52.00M -102.00M -136.00M -38.00M -111.00M 23.00M -51.00M -394.00M 177.00M 107.00M 99.00M 331.00M 48.00M -22.00M 47.00M 185.00M -71.00M -9.00M 7.00M 115.00M -136.00M -140.00M 95.00M -78.00M 67.00M -18.00M 66.00M 7.00M 8.00M -11.00M
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 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 -204.00M 264.00M -29.00M 291.00M 13.00M -27.00M 165.00M -26.00M -73.00M 143.00M -93.00M 16.00M -75.00M -217.00M 54.00M -262.00M -351.00M -16.00M 124.00M -16.00M -103.00M -92.00M 20.00M -177.00M 221.00M -163.00M 87.00M 252.00M 32.00M 78.00M 44.00M -18.00M
Accounts Receivable -17.00M -45.00M 28.00M 126.00M 93.00M -281.00M -31.00M 170.00M 16.00M -53.00M -29.00M 114.00M 19.00M -38.00M 48.00M -73.00M -358.00M 2.00M 261.00M -28.00M -82.00M 60.00M -133.00M -46.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory -237.00M 36.00M -344.00M 201.00M -430.00M -389.00M 291.00M -80.00M -224.00M -71.00M 55.00M -26.00M -61.00M -6.00M 38.00M -156.00M -160.00M 100.00M -95.00M 66.00M -99.00M -110.00M 18.00M 41.00M -58.00M -8.00M -43.00M 63.00M 19.00M -65.00M 10.00M -108.00M
Accounts Payable -56.00M 189.00M 188.00M -190.00M 60.00M 554.00M -100.00M -27.00M 90.00M 123.00M 7.00M -102.00M -30.00M -2.00M 10.00M -51.00M 152.00M 16.00M -211.00M 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 106.00M 84.00M 99.00M 154.00M 290.00M 89.00M 5.00M -89.00M 45.00M 144.00M -125.00M 30.00M -3.00M -171.00M -42.00M 18.00M 15.00M -134.00M 169.00M -54.00M 78.00M -42.00M 135.00M -172.00M 192.00M -234.00M 131.00M 26.00M -6.00M 196.00M -32.00M 180.00M
Other Non-Cash Items -75.00M -278.00M -49.00M -209.00M -175.00M 279.00M 338.00M 134.00M -21.00M -67.00M -138.00M 76.00M 202.00M -422.00M 222.00M -11.00M 172.00M 179.00M -13.00M 130.00M -12.00M -115.00M 118.00M 464.00M 27.00M 378.00M -29.00M 79.00M 33.00M 0.00M 0.00M 0.00M
Net Cash from Operating Activities 1,002.00M 1,317.00M 1,287.00M 1,374.00M 975.00M 1,619.00M 1,455.00M 1,504.00M 1,543.00M 1,657.00M 1,385.00M 1,624.00M 1,433.00M 1,297.00M 1,128.00M 625.00M 575.00M 758.00M 653.00M 732.00M 609.00M 769.00M 494.00M 244.00M 801.00M 397.00M 846.00M 744.00M 731.00M 698.00M 746.00M 838.00M
Capital Expenditures (PPE) -596.00M -715.00M -599.00M -828.00M -611.00M -555.00M -383.00M -425.00M -528.00M -649.00M -626.00M -652.00M -593.00M -483.00M -465.00M -457.00M -243.00M -310.00M -634.00M -529.00M -405.00M -343.00M -248.00M -230.00M -427.00M -234.00M -226.00M -292.00M -500.00M -749.00M -789.00M -446.00M
Acquisitions (Net) 38.00M 439.00M 38.00M 379.00M 997.00M 553.00M -1.00M -48.00M -3.00M -4.00M -26.00M -41.00M -3,509.00M 0.00M -2,669.00M -156.00M -190.00M -68.00M -38.00M -40.00M 0.00M 0.00M 0.00M -15.00M -6.00M -257.00M -261.00M -381.00M -27.00M 0.00M -26.00M -56.00M
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 -4.00M -16.00M 0.00M -5.00M -200.00M -7.00M -8.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 61.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 4.00M 13.00M 31.00M 200.00M 651.00M 13.00M 30.00M 0.00M 202.00M 0.00M 417.00M 0.00M 0.00M 0.00M 0.00M 12.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 46.00M 42.00M 27.00M 17.00M 6.00M -27.00M -10.00M -7.00M 68.00M 10.00M -3.00M 0.00M 11.00M 26.00M -28.00M 671.00M -9.00M -21.00M -41.00M 234.00M 311.00M -92.00M 100.00M 85.00M -34.00M -32.00M 10.00M -42.00M -18.00M 4.00M 6.00M -22.00M
Net Cash from Investing Activities -512.00M -234.00M -534.00M -432.00M 392.00M -29.00M -394.00M -480.00M -463.00M -643.00M -655.00M -693.00M -4,091.00M -457.00M -2,962.00M -142.00M -442.00M -369.00M -376.00M -335.00M -94.00M -18.00M -148.00M -160.00M -467.00M -523.00M -465.00M -715.00M -545.00M -745.00M -809.00M -524.00M
Net Debt Issuance 37.00M -402.00M 198.00M -338.00M 76.00M -350.00M -307.00M -370.00M -316.00M -369.00M -428.00M -505.00M 3,250.00M -530.00M 1,644.00M -37.00M -122.00M 150.00M -182.00M -22.00M -50.00M -505.00M -519.00M 529.00M -187.00M 210.00M -278.00M 314.00M -66.00M 191.00M 273.00M -2.00M
Long-Term Debt Issuance -307.00M 201.00M 198.00M -12.00M -250.00M -300.00M -186.00M -300.00M -170.00M -350.00M -278.00M -700.00M 3,440.00M -955.00M 1,645.00M -38.00M -124.00M 147.00M -175.00M 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 Issuance 344.00M -603.00M 0.00M -326.00M 326.00M -50.00M -121.00M -70.00M -146.00M -19.00M -150.00M 195.00M -190.00M 425.00M -1.00M 1.00M 2.00M 3.00M -7.00M 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 -250.00M -100.00M -300.00M -150.00M -1,002.00M -1,000.00M -60.00M -325.00M -400.00M -350.00M -145.00M -103.00M -410.00M -238.00M 0.00M -316.00M -280.00M -21.00M -501.00M -279.00M 93.00M 100.00M 77.00M 0.00M -1.00M 16.00M -53.00M -51.00M 0.00M -8.00M -161.00M -200.00M
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 39.00M 103.00M 93.00M 100.00M 77.00M 0.00M 0.00M 20.00M 4.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -250.00M -100.00M -300.00M -150.00M -1,002.00M -1,000.00M -60.00M -325.00M -400.00M -350.00M -145.00M -103.00M -410.00M -238.00M 0.00M -316.00M -280.00M -21.00M -501.00M -382.00M 0.00M 0.00M 0.00M 0.00M -1.00M -4.00M -57.00M -51.00M 0.00M -8.00M -161.00M -200.00M
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 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 -380.00M -378.00M -379.00M -376.00M -381.00M -375.00M -358.00M -343.00M -318.00M -296.00M -272.00M -238.00M -210.00M -140.00M -192.00M -136.00M -127.00M -128.00M -135.00M -147.00M -144.00M -142.00M -137.00M -136.00M -135.00M -135.00M -135.00M -138.00M -138.00M -138.00M -134.00M -133.00M
Common Dividends Paid -380.00M -378.00M -379.00M -376.00M -381.00M -375.00M -358.00M -343.00M -318.00M -296.00M -272.00M -238.00M -210.00M -140.00M -192.00M -136.00M -127.00M -128.00M -135.00M -147.00M -144.00M -142.00M -137.00M -136.00M -135.00M -135.00M -135.00M -138.00M -138.00M -138.00M -134.00M -133.00M
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 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 4.00M -91.00M 27.00M -24.00M -14.00M 35.00M 21.00M -5.00M -6.00M 9.00M 7.00M 2.00M 9.00M 49.00M 52.00M 66.00M 118.00M 17.00M 39.00M 0.00M 0.00M 0.00M 0.00M 4.00M 0.00M 0.00M 0.00M 3.00M 18.00M 7.00M 9.00M 31.00M
Net Cash from Financing Activities -589.00M -971.00M -454.00M -888.00M -1,321.00M -1,690.00M -704.00M -1,043.00M -1,040.00M -1,006.00M -838.00M -844.00M 2,639.00M -859.00M 1,504.00M -423.00M -411.00M 18.00M -779.00M -448.00M -101.00M -547.00M -579.00M 397.00M -323.00M 91.00M -466.00M 128.00M -186.00M 52.00M -13.00M -304.00M
Effect of FX on Cash 8.00M -8.00M -10.00M 1.00M -12.00M -5.00M 3.00M -3.00M -5.00M 2.00M -4.00M -8.00M -4.00M 7.00M 2.00M 1.00M 1.00M -1.00M 1.00M 0.00M 1.00M -5.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash -91.00M 104.00M 289.00M 55.00M 34.00M -105.00M 360.00M -22.00M 35.00M 10.00M -112.00M 79.00M -23.00M -12.00M -328.00M 61.00M -277.00M 406.00M -501.00M -51.00M 415.00M 199.00M -233.00M 481.00M 11.00M -35.00M -85.00M 157.00M 0.00M 5.00M -76.00M 10.00M
Cash at Beginning of Period 2,391.00M 1,896.00M 548.00M 493.00M 459.00M 564.00M 204.00M 226.00M 191.00M 181.00M 293.00M 214.00M 237.00M 249.00M 577.00M 516.00M 793.00M 387.00M 888.00M 939.00M 524.00M 325.00M 558.00M 77.00M 66.00M 101.00M 186.00M 29.00M 29.00M 24.00M 100.00M 90.00M
Cash at End of Period 2,300.00M 2,000.00M 837.00M 548.00M 493.00M 459.00M 564.00M 204.00M 226.00M 191.00M 181.00M 293.00M 214.00M 237.00M 249.00M 577.00M 516.00M 793.00M 387.00M 888.00M 939.00M 524.00M 325.00M 558.00M 77.00M 66.00M 101.00M 186.00M 29.00M 29.00M 24.00M 100.00M
Operating Cash Flow 1,002.00M 1,317.00M 1,287.00M 1,374.00M 975.00M 1,619.00M 1,455.00M 1,504.00M 1,543.00M 1,657.00M 1,385.00M 1,624.00M 1,433.00M 1,297.00M 1,128.00M 625.00M 575.00M 758.00M 653.00M 732.00M 609.00M 769.00M 494.00M 244.00M 801.00M 397.00M 846.00M 744.00M 731.00M 698.00M 746.00M 838.00M
Capital Expenditure -593.00M -719.00M -599.00M -828.00M -611.00M -578.00M -396.00M -431.00M -528.00M -649.00M -626.00M -652.00M -593.00M -483.00M -470.00M -466.00M -250.00M -318.00M -644.00M -529.00M -405.00M -343.00M -248.00M -230.00M -427.00M -234.00M -226.00M -292.00M -500.00M -749.00M -789.00M -446.00M
Free Cash Flow 409.00M 598.00M 688.00M 546.00M 364.00M 1,041.00M 1,059.00M 1,073.00M 1,015.00M 1,008.00M 759.00M 972.00M 840.00M 814.00M 658.00M 159.00M 325.00M 440.00M 9.00M 203.00M 204.00M 426.00M 246.00M 14.00M 374.00M 163.00M 620.00M 452.00M 231.00M -51.00M -43.00M 392.00M

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 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
EBITDA 1,846.00M 1,598.00M 1,885.00M 1,594.00M 1,561.00M 2,007.00M 1,699.00M 1,933.00M 2,074.00M 2,124.00M 2,124.00M 2,284.00M 1,727.00M 2,401.00M 1,308.00M 1,290.00M 1,126.00M 774.00M 825.00M 992.00M 981.00M 1,092.00M 696.00M 590.00M 610.00M 761.00M 989.00M 663.00M 785.00M 895.00M 977.00M 1,580.00M
(-) Tax Adjustment 303.05M 339.49M 297.26M 280.09M 289.19M 398.80M 131.43M 300.02M 357.80M 0.00M 395.02M 556.33M 409.94M 725.02M 415.17M 410.82M 373.56M 270.90M 194.23M 314.49M 284.42M 315.19M 0.00M 167.24M 36.31M 266.35M 326.02M 221.00M 242.04M 313.25M 341.95M 553.00M
(-) Change In Working Capital -204.00M 264.00M -29.00M 291.00M 13.00M -27.00M 165.00M -26.00M -73.00M 143.00M -93.00M 16.00M -75.00M -217.00M 54.00M -262.00M -351.00M -16.00M 124.00M -16.00M -103.00M -92.00M 20.00M -177.00M 221.00M -163.00M 87.00M 252.00M 32.00M 78.00M 44.00M -18.00M
(-) Capital Expenditure -593.00M -719.00M -599.00M -828.00M -611.00M -578.00M -396.00M -431.00M -528.00M -649.00M -626.00M -652.00M -593.00M -483.00M -470.00M -466.00M -250.00M -318.00M -644.00M -529.00M -405.00M -343.00M -248.00M -230.00M -427.00M -234.00M -226.00M -292.00M -500.00M -749.00M -789.00M -446.00M
Unlevered Free Cash Flow 1,153.95M 275.51M 1,017.74M 194.91M 647.81M 1,057.20M 1,006.57M 1,227.98M 1,261.20M 1,332.00M 1,195.98M 1,059.67M 799.06M 1,409.98M 368.83M 675.18M 853.44M 201.10M -137.23M 164.51M 394.58M 525.81M 428.00M 369.76M -74.31M 423.65M 349.98M -102.00M 10.96M -245.25M -197.95M 599.00M
(-) Net Interest Income After Taxes -169.67M -163.81M -168.46M -177.22M -148.28M -151.44M -185.45M -184.16M -194.46M -241.00M -207.57M -198.94M -142.61M -125.65M -97.61M -51.80M -66.16M -50.70M -53.52M 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 Debt Issuance 37.00M -402.00M 198.00M -338.00M 76.00M -350.00M -307.00M -370.00M -316.00M -369.00M -428.00M -505.00M 3,250.00M -530.00M 1,644.00M -37.00M -122.00M 150.00M -182.00M -22.00M -50.00M -505.00M -519.00M 529.00M -187.00M 210.00M -278.00M 314.00M -66.00M 191.00M 273.00M -2.00M
Levered Free Cash Flow 1,360.63M 37.33M 1,384.20M 34.14M 872.09M 858.64M 885.02M 1,042.14M 1,139.65M 1,204.00M 975.55M 753.61M 4,191.67M 1,005.63M 2,110.44M 689.98M 797.59M 401.80M -265.71M 142.51M 344.58M 20.81M -91.00M 898.76M -261.31M 633.65M 71.98M 212.00M -55.04M -54.25M 75.05M 597.00M