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Page: Company Financials

Fairfax Financial Holdings Limited

Ticker: FFH.TO | Industry: Insurance - Property & Casualty | Sector: Financial Services
$2,221.68 -27.51 (-1.22%)
As of: 2026-01-28

Master Data Export

Enterprise Value

Metric 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 1995
Stock Price 1,625.28 1,219.69 787.75 530.57 442.43 312.55 463.75 511.53 484.69 541.15 495.74 470.02 398.40 382.17 397.03 389.66 317.45 296.63 235.79 132.37 158.20 154.75 133.32 89.04 127.26 128.23 220.36 342.23 251.65 162.44 60.62
Market Capitalization 35,188.91M 27,831.78M 19,748.14M 13,376.73M 11,480.28M 8,264.34M 12,475.53M 14,072.17M 12,402.57M 12,433.68M 10,925.65M 9,957.87M 8,110.02M 7,768.67M 8,098.77M 7,959.93M 5,865.88M 5,343.09M 4,174.26M 2,350.07M 2,605.81M 2,235.69M 1,864.30M 1,271.44M 1,699.29M 1,691.22M 2,821.74M 4,054.66M 2,701.50M 1,525.11M 541.29M
(-) Cash & Equivalents 8,527.25M 7,430.35M 8,790.35M 11,935.30M 19,534.98M 11,462.03M 8,400.48M 6,635.38M 16,648.13M 7,402.10M 7,284.85M 6,721.55M 7,117.68M 2,780.90M 1,111.53M 1,524.73M 1,333.48M 977.25M -48.15M 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 Debt 12,694.10M 11,310.48M 9,240.45M 8,337.38M 8,389.38M 8,877.68M 7,987.70M 6,692.75M 5,570.98M 4,139.73M 3,408.40M 3,165.33M 3,154.35M 3,018.53M 2,975.40M 2,597.90M 2,126.13M 1,901.28M 2,300.43M 2,198.63M 2,316.53M 2,177.25M 1,883.29M 1,518.72M 1,381.70M 1,369.56M 1,461.05M 907.20M 458.79M 321.85M 149.28M
Enterprise Value 39,355.76M 31,711.90M 20,198.24M 9,778.80M 334.68M 5,679.99M 12,062.76M 14,129.54M 1,325.42M 9,171.31M 7,049.20M 6,401.64M 4,146.70M 8,006.30M 9,962.64M 9,033.10M 6,658.53M 6,267.12M 6,522.83M 4,548.70M 4,922.33M 4,412.94M 3,747.58M 2,790.16M 3,080.99M 3,060.77M 4,282.79M 4,961.86M 3,160.29M 1,846.96M 690.58M

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 1994-12-31 1993-12-31
Revenue 31,249M 26,712M 28,446M 25,803M 19,583M 25,802M 19,861M 21,181M 16,508M 14,006M 9,275M 9,172M 9,817M 5,718M 7,811M 7,466M 5,967M 6,636M 7,826M 7,484M 6,804M 5,901M 5,793M 5,714M 5,067M 3,848M 4,120M 3,988M 2,327M 1,459M 1,077M 840M 453M 260M
Cost of Revenue 24,806M 21,223M 22,876M 20,572M 19,687M 13,528M 11,680M 10,895M 9,874M 8,796M 6,055M 5,564M 4,754M 4,640M 5,163M 6,529M 4,372M 4,019M 4,395M 3,892M 4,603M 5,107M 4,438M 3,241M 2,999M 2,552M 0M 0M 0M 0M 0M 0M 0M 0M
Gross Profit 6,443M 5,489M 5,569M 5,231M -104M 12,274M 8,181M 10,286M 6,633M 5,210M 3,220M 3,608M 5,063M 1,079M 2,648M 937M 1,595M 2,617M 3,431M 3,591M 2,201M 794M 1,355M 2,473M 2,069M 1,296M 4,120M 3,988M 2,327M 1,459M 1,077M 840M 453M 260M
Gross Profit Margin 20.6% 20.5% 19.6% 20.3% -0.5% 47.6% 41.2% 48.6% 40.2% 37.2% 34.7% 39.3% 51.6% 18.9% 33.9% 12.6% 26.7% 39.4% 43.8% 48.0% 32.3% 13.4% 23.4% 43.3% 40.8% 33.7% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 3,109M 2,584M 0M 0M 1,360M 1,155M 1,093M 1,399M 1,317M 1,011M 763M 1,470M 1,227M 1,185M 1,132M 795M 708M 701M 730M 760M 1,112M 1,060M 1,038M 1,023M 926M 853M 864M 838M 435M 285M 246M 224M 172M 132M
Operating Expenses 152M -173M -69M -678M -5,008M 7,881M 7,937M 8,053M 5,771M 3,186M 3,775M 2,984M 2,725M 2,080M 1,999M 946M 1,444M 1,411M 986M 1,431M 1,322M 1,260M 1,218M 1,946M 1,793M 1,758M 984M 935M 494M 316M 272M 239M 181M 137M
Operating Income (EBIT) 6,291M 5,662M 5,639M 5,908M 4,904M 4,393M 244M 2,233M 862M 2,023M -554M 625M 2,338M -1,001M 649M -9M 151M 1,206M 2,444M 2,160M 879M -467M 137M 528M 275M -462M 3,137M 3,053M 1,834M 1,143M 804M 601M 272M 123M
Operating Income Margin 20.1% 21.2% 19.8% 22.9% 25.0% 17.0% 1.2% 10.5% 5.2% 14.4% -6.0% 6.8% 23.8% -17.5% 8.3% -0.1% 2.5% 18.2% 31.2% 28.9% 12.9% -7.9% 2.4% 9.2% 5.4% -12.0% 76.1% 76.5% 78.8% 78.3% 74.7% 71.5% 60.0% 47.3%
Interest Income 2,969M 1,667M 2,512M 1,896M 995M 641M 769M 880M 784M 559M 555M 512M 404M 377M 409M 705M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 735M 567M 649M 510M 453M 514M 476M 472M 347M 331M 243M 219M 206M 211M 208M 214M 196M 166M 159M 210M 210M 200M 167M 146M 87M 106M 120M 97M 59M 31M 27M 16M 9M 5M
Net Interest Income 2,234M 1,100M 1,863M 1,386M 542M 127M 293M 408M 436M 228M 312M 293M 198M 166M 201M 491M -196M -166M -159M -210M -210M -200M -167M -146M -87M -106M -120M -97M -59M -31M -27M -16M -9M -5M
Unusual Items -2,234M -1,100M -1,863M -1,386M -542M -127M -293M -408M -436M -228M -312M -293M -198M -166M -201M -491M 196M 166M 159M 210M 210M 200M 167M 146M 87M 106M -3,060M -2,975M -1,466M -878M -642M -516M -230M -83M
EBT Excluding Unusual Items 8,525M 6,762M 7,501M 7,295M 5,446M 4,520M 537M 2,641M 1,299M 2,251M -242M 918M 2,535M -835M 850M 483M -44M 1,039M 2,286M 1,951M 668M -667M -30M 381M 188M -568M 3,017M 2,955M 1,775M 1,112M 778M 585M 262M 118M
Pre-Tax Income 6,291M 5,662M 5,639M 5,908M 4,904M 4,393M 244M 2,233M 862M 2,023M -554M 625M 2,338M -1,001M 649M -9M 151M 1,206M 2,444M 2,160M 879M -467M 137M 528M 275M -462M -43M -19M 309M 234M 135M 69M 32M 35M
Pre-Tax Margin 20.1% 21.2% 19.8% 22.9% 25.0% 17.0% 1.2% 10.5% 5.2% 14.4% -6.0% 6.8% 23.8% -17.5% 8.3% -0.1% 2.5% 18.2% 31.2% 28.9% 12.9% -7.9% 2.4% 9.2% 5.4% -12.0% -1.1% -0.5% 13.3% 16.0% 12.5% 8.2% 7.2% 13.4%
Income Tax Expense 1,299M 975M 1,376M 813M 1,093M 726M 207M 262M 44M 408M -160M -18M 673M -437M 114M -57M -187M 215M 756M 711M 486M -66M 83M 192M 150M -243M -135M -105M 56M 71M 25M 5M 5M 10M
Net Income 4,565M 4,089M 3,875M 4,382M 3,374M 3,401M 218M 2,004M 376M 1,741M -513M 568M 1,633M -573M 527M 45M 336M 857M 1,474M 1,096M 228M -447M -20M 271M 264M -217M 92M 86M 252M 162M 110M 64M 27M 25M
Net Income Margin 14.6% 15.3% 13.6% 17.0% 17.2% 13.2% 1.1% 9.5% 2.3% 12.4% -5.5% 6.2% 16.6% -10.0% 6.7% 0.6% 5.6% 12.9% 18.8% 14.6% 3.3% -7.6% -0.3% 4.7% 5.2% -5.6% 2.2% 2.1% 10.8% 11.1% 10.2% 7.6% 6.0% 9.7%
Depreciation & Amortization 903M 829M 754M 896M 677M 930M 752M 651M 351M 281M 192M 133M 94M 104M 71M 60M 49M 36M 22M 27M 25M 25M 43M 52M 43M 44M 28M 19M 6M 5M 10M 9M 7M 6M
EBITDA 7,194M 6,491M 6,392M 6,804M 5,581M 5,323M 996M 2,884M 1,213M 2,304M -363M 758M 2,432M -897M 720M 51M 200M 1,241M 2,467M 2,187M 904M -441M 180M 580M 318M -418M 3,165M 3,072M 1,839M 1,147M 814M 610M 278M 129M
EBITDA Margin 23.0% 24.3% 22.5% 26.4% 28.5% 20.6% 5.0% 13.6% 7.3% 16.4% -3.9% 8.3% 24.8% -15.7% 9.2% 0.7% 3.3% 18.7% 31.5% 29.2% 13.3% -7.5% 3.1% 10.1% 6.3% -10.9% 76.8% 77.0% 79.0% 78.6% 75.6% 72.6% 61.5% 49.5%
NOPAT 4,992M 4,687M 4,263M 5,095M 3,811M 3,667M 37M 1,971M 818M 1,615M -438M 642M 1,665M -791M 535M -7M 338M 991M 1,689M 1,449M 393M -369M 54M 336M 126M -365M 2,478M 2,412M 1,499M 794M 655M 559M 228M 89M
NOPAT Margin 16.0% 17.5% 15.0% 19.7% 19.5% 14.2% 0.2% 9.3% 5.0% 11.5% -4.7% 7.0% 17.0% -13.8% 6.8% -0.1% 5.7% 14.9% 21.6% 19.4% 5.8% -6.2% 0.9% 5.9% 2.5% -9.5% 60.1% 60.5% 64.4% 54.4% 60.8% 66.6% 50.4% 34.1%
Owner's Earnings 5,032M 4,510M 4,220M 4,764M 3,633M 3,978M 697M 2,335M 490M 1,606M -529M 500M 1,660M -517M 526M 62M 346M 844M 1,473M 1,105M 239M -442M -14M 293M 283M -215M 96M -428M -255M -1M -85M 64M -9M 23M
Owner's Earnings Margin 16.1% 16.9% 14.8% 18.5% 18.6% 15.4% 3.5% 11.0% 3.0% 11.5% -5.7% 5.4% 16.9% -9.0% 6.7% 0.8% 5.8% 12.7% 18.8% 14.8% 3.5% -7.5% -0.2% 5.1% 5.6% -5.6% 2.3% -10.7% -10.9% -0.1% -7.9% 7.6% -2.0% 9.0%
EPS (Basic) 210.13 172.58 173.41 171.28 45.27 129.33 1.08 74.50 13.67 66.74 -22.27 23.67 74.43 -28.16 23.22 -0.31 21.41 43.99 80.38 61.20 12.17 -30.27 -1.29 18.55 18.20 -17.61 6.30 6.37 20.80 14.59 10.51 7.23 3.03 3.16
EPS (Diluted) 197.07 163.73 160.36 175.23 133.15 122.25 6.29 71.42 13.24 64.98 -22.27 23.15 73.01 -28.16 22.70 2.21 15.26 43.75 79.53 58.38 11.92 -27.15 -1.43 18.23 18.79 -17.61 6.98 6.37 20.80 14.59 10.51 7.23 3.03 3.16
Shares (Basic) 22M 24M 22M 25M 25M 27M 35M 27M 28M 25M 23M 22M 21M 20M 20M 20M 20M 18M 18M 18M 18M 16M 14M 15M 14M 12M 13M 13M 12M 11M 10M 9M 9M 8M
Shares (Diluted) 23M 25M 24M 25M 25M 28M 35M 28M 28M 27M 23M 25M 22M 20M 23M 20M 22M 20M 19M 19M 19M 16M 14M 15M 14M 12M 13M 13M 12M 11M 10M 9M 9M 8M

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 1994-12-31 1993-12-31
Cash & Cash Equivalents 9,781.90M 7,272.60M 7,230.30M 5,761.20M 11,697.80M 25,343.80M 16,301.80M 4,329.30M 5,111.00M 22,144.90M 12,312.20M 8,765.50M 6,778.60M 8,742.40M 8,129.30M 1,026.70M 1,540.70M 1,251.60M 1,564.20M -192.60M 0.00M 0.00M 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 Investments 262.30M 0.00M 51.60M 2,201.30M 0.00M 0.00M 0.00M 6,299.10M 2,196.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5,172.50M 3,513.90M 1,993.20M 5,508.50M 0.00M 0.00M 0.00M 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 10,044.20M 7,272.60M 7,281.90M 7,962.50M 11,697.80M 25,343.80M 16,301.80M 10,628.40M 7,307.80M 22,144.90M 12,312.20M 8,765.50M 6,778.60M 8,742.40M 8,129.30M 6,199.20M 5,054.60M 3,244.80M 7,072.70M -192.60M 0.00M 0.00M 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 Receivables 797.10M 869.10M 2,531.00M 2,557.50M 21,023.30M 18,973.70M 16,349.30M 16,050.60M 14,231.40M 12,499.40M 6,927.80M 6,437.40M 5,913.80M 6,991.70M 7,236.20M 1,735.40M 2,019.10M 1,855.40M 1,688.70M 1,906.90M 7,399.30M 10,036.00M 10,481.50M 10,654.90M 9,897.67M 10,180.59M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -10,841.30M -8,141.70M -10,348.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 21,965.70M 20,927.22M 21,750.39M 13,357.10M 7,066.01M 4,154.01M 1,651.73M 1,491.64M 849.65M
Total Current Assets 0.00M 0.00M -536.00M 10,520.00M 32,721.10M 44,317.50M 32,651.10M 26,679.00M 21,539.20M 34,644.30M 19,240.00M 15,202.90M 12,692.40M 15,734.10M 15,365.50M 7,934.60M 7,073.70M 5,100.20M 8,761.40M 1,714.30M 7,399.30M 10,036.00M 10,481.50M 10,654.90M 9,897.67M 32,146.30M 20,927.22M 21,750.39M 13,357.10M 7,066.01M 4,154.01M 1,651.73M 1,491.64M 849.65M
Property, Plant & Equipment 0.00M 0.00M 3,630.20M 3,255.70M 2,883.70M 2,284.00M 2,754.10M 2,708.30M 1,242.50M 1,250.30M 891.50M 562.00M 451.60M 241.20M 259.90M 210.80M 197.60M 168.60M 133.10M 81.60M 86.00M 95.70M 99.80M 98.70M 112.11M 124.45M 93.71M 84.20M 61.59M 38.01M 29.84M 24.78M 21.25M 18.81M
Goodwill 0.00M 0.00M 4,124.90M 3,121.90M 2,927.50M 3,084.80M 3,126.30M 2,997.30M 2,702.70M 2,904.70M 1,633.70M 1,428.20M 1,048.70M 851.30M 819.80M 0.00M 0.00M 0.00M 0.00M 53.80M 239.20M 210.80M 228.10M 214.30M 185.99M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 797.10M 8,157.10M 4,153.30M 3,254.40M 2,761.50M 2,843.40M 3,102.80M 3,196.80M 2,974.20M 3,167.80M 2,213.80M 1,786.70M 509.60M 460.50M 481.30M 1,115.20M 949.10M 438.80M 123.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 172.44M 172.87M 169.57M 179.95M 28.86M 31.96M 34.02M 36.65M 38.14M
Long-Term Investments 59,802.50M 58,843.70M 56,812.30M 57,556.00M 42,132.10M 26,721.10M 26,050.20M 33,884.40M 33,051.80M 16,786.60M 15,944.60M 19,491.70M 18,288.10M 15,360.50M 17,163.10M 11,349.90M 20,692.80M 21,036.00M 18,008.70M 0.00M 11,047.70M 10,242.90M 9,103.20M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -68,228.10M -67,000.80M 28,056.60M -67,188.00M -50,704.80M -34,933.30M -35,033.40M -42,786.80M -39,971.20M -24,109.40M -20,683.60M -23,268.60M -20,298.00M -16,913.50M -18,724.10M -12,675.90M -21,839.50M -21,643.40M -18,265.00M -135.40M -11,372.90M -10,549.40M -9,431.10M -313.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Assets 103,569.60M 98,897.80M 96,777.30M -62,957.10M 5,358.00M 7,394.60M 6,369.50M 1,042.70M 2,861.70M 5,336.40M 3,460.80M 3,057.50M 3,140.80M 3,311.20M 2,851.60M 12,796.40M 2,825.00M 1,659.20M 279.00M 21,051.70M 9,697.10M 6,980.30M 6,418.70M 14,050.40M 12,106.38M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 95,941.10M 98,897.80M 193,554.60M -62,957.10M 5,358.00M 7,394.60M 6,369.50M 1,042.70M 2,861.70M 5,336.40M 3,460.80M 3,057.50M 3,140.80M 3,311.20M 2,851.60M 12,796.40M 2,825.00M 1,659.20M 279.00M 21,051.70M 9,697.10M 6,980.30M 6,418.70M 14,050.40M 12,404.48M 296.89M 266.58M 253.77M 241.55M 66.88M 61.80M 58.80M 57.89M 56.95M
Total Assets 95,941.10M 98,897.80M 193,018.60M -52,437.10M 38,079.10M 51,712.10M 39,020.60M 27,721.70M 24,400.90M 39,980.70M 22,700.80M 18,260.40M 15,833.20M 19,045.30M 18,217.10M 20,731.00M 9,898.70M 6,759.40M 9,040.40M 22,766.00M 17,096.40M 17,016.30M 16,900.20M 24,705.30M 22,302.15M 32,443.18M 21,193.79M 22,004.16M 13,598.64M 7,132.88M 4,215.81M 1,710.54M 1,549.53M 906.60M
Accounts Payable 7,177.70M 7,389.90M 2,132.80M 2,172.10M 2,217.00M 6,413.60M 3,589.70M 3,369.40M 2,619.90M 1,899.70M 1,361.80M 974.20M 1,046.80M 1,090.80M 1,187.50M 927.30M 1,263.10M 1,238.10M 1,326.50M 1,232.60M 0.00M 0.00M 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 0.00M 0.00M 2,125.20M 790.60M 819.80M 0.00M 1,661.40M 853.40M 251.10M 0.00M 289.80M 0.00M 0.00M 6.00M 61.70M 25.10M 2.20M 12.10M 21.10M 0.00M 68.20M 63.90M 89.20M 17.70M 26.62M 27.14M 28.27M 0.00M 0.00M 0.42M 1.75M 5.57M 6.35M 7.93M
Tax Payables 0.00M 0.00M 565.30M 422.60M 847.50M 652.70M 460.90M 424.60M 454.00M 95.60M 35.40M 85.80M 118.30M 80.10M 70.50M 21.40M 25.40M 70.90M 656.30M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -7,177.70M -7,389.90M -7,068.70M -3,385.30M -3,486.80M -6,413.60M -5,712.00M -430.80M -1,196.80M -2,328.70M -1,974.80M -1,385.80M -1,361.50M -1,361.10M -2,176.70M -1,128.10M -25.20M -106.80M -656.30M -1,301.50M -1,091.20M -1,167.30M -1,317.60M -1,613.60M -1,510.42M -1,156.86M -28.27M 0.00M 0.00M -0.42M -1.75M -5.57M -6.35M -7.93M
Total Current Liabilities 0.00M 0.00M -2,245.40M 0.00M 397.50M 652.70M 0.00M 4,216.60M 2,128.20M -333.40M -287.80M -325.80M -196.40M -184.20M -857.00M -154.30M 1,265.50M 1,214.30M 1,347.60M -68.90M -1,023.00M -1,103.40M -1,228.40M -1,595.90M -1,483.80M -1,129.72M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt 13,216.40M 12,171.80M 9,628.50M 8,932.90M 7,805.10M 7,753.00M 7,152.60M 6,379.20M 6,229.30M 6,230.10M 4,477.80M 3,351.50M 3,179.00M 2,988.50M 3,012.00M 3,017.50M 2,727.30M 2,301.70M 1,946.40M 2,170.80M 2,115.70M 2,234.60M 2,155.50M 2,016.10M 1,456.08M 1,464.09M 1,325.31M 1,448.33M 1,030.05M 514.04M 355.31M 227.45M 171.46M 110.88M
Capital Lease Obligations 0.00M 0.00M 1,304.80M 1,075.20M 1,094.00M 1,140.70M 1,452.10M 1,496.40M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 192.60M 0.00M 0.00M 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 1,955.00M 1,697.40M 1,714.00M 0.00M 496.70M 598.80M 356.40M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Liabilities -15,171.40M 58,524.80M 56,674.40M 54,276.10M -8,899.10M -7,753.00M -7,152.60M -7,875.60M -6,229.30M -6,230.10M -4,477.80M -3,351.50M -3,179.00M -2,988.50M -3,102.90M -3,017.50M -2,727.30M -2,301.70M -1,946.40M -2,363.40M -197.10M -2,234.60M -2,155.50M -2,016.10M -1,456.08M -1,464.09M -1,325.31M -1,448.33M -1,030.05M -514.04M -355.31M -227.45M -171.46M -110.88M
Total Non-Current Liabilities 0.00M 72,394.00M 69,321.70M 64,284.20M 496.70M 1,739.50M 1,808.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -90.90M 0.00M 0.00M 0.00M 0.00M 0.00M 1,918.60M 0.00M 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 Liabilities 0.00M 72,394.00M 67,076.30M 64,284.20M 894.20M 2,392.20M 1,808.50M 4,216.60M 2,128.20M -333.40M -287.80M -325.80M -196.40M -184.20M -947.90M -154.30M 1,265.50M 1,214.30M 1,347.60M -68.90M 895.60M -1,103.40M -1,228.40M -1,595.90M -1,483.80M -1,129.72M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock 756.10M 756.10M 1,108.20M 1,335.50M 1,335.50M 1,335.50M 1,335.50M 1,335.50M 1,335.50M 1,335.50M 1,335.50M 1,334.90M 1,164.70M 1,166.40M 1,166.40M 934.70M 934.70M 227.20M 102.50M 136.60M 136.60M 136.60M 136.60M 136.60M 127.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 5,598.60M 5,611.30M 5,662.20M 5,995.90M 15,340.70M 15,049.60M 12,521.10M 6,797.20M 6,859.00M 12,475.60M 8,484.60M 8,952.50M 8,361.00M 7,186.70M 7,654.70M 7,427.90M 7,761.90M 3,058.60M 2,124.90M 2,067.40M 2,071.90M 2,074.50M 1,781.80M 1,510.00M 1,419.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Retained Earnings 20,709.10M 19,340.40M 18,987.50M 16,875.30M 10,509.60M 9,972.20M 7,092.50M 7,379.20M 5,864.20M 6,048.00M 4,456.20M 5,230.70M 4,909.90M 3,551.20M 4,387.10M 0.00M 0.00M 3,468.80M 2,871.90M 1,658.20M 596.60M 531.40M 1,061.90M 1,114.90M 790.44M 500.17M 777.22M 723.27M 661.81M 439.55M 290.15M 181.33M 117.00M 95.17M
Accumulated OCI -914.10M -1,262.60M -1,384.00M -349.50M -979.60M -801.70M -799.00M -711.70M -565.30M -264.10M -547.90M -364.00M -118.10M 78.40M 114.80M 0.00M 0.00M 893.10M -107.80M 360.50M 12.20M 104.00M 131.00M 55.10M -81.37M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 4,226.70M 4,129.10M 4,281.20M 4,750.40M 3,659.60M 4,930.20M 3,670.70M 3,529.10M 4,250.40M 4,600.90M 2,000.00M 1,731.50M 218.10M 107.40M 69.20M 45.90M 45.80M 117.60M 1,382.80M 1,585.00M 1,292.90M 753.90M 583.00M 440.80M 322.74M 655.40M 429.53M 414.52M 57.23M 14.33M 15.32M 13.86M 12.33M 13.14M
Total Shareholders’ Equity 26,149.70M 24,445.20M 24,373.90M 23,857.20M 26,206.20M 25,555.60M 20,150.10M 14,800.20M 13,493.40M 19,595.00M 13,728.40M 15,154.10M 14,317.50M 11,982.70M 13,323.00M 8,362.60M 8,696.60M 7,647.70M 4,991.50M 4,222.70M 2,817.30M 2,846.50M 3,111.30M 2,816.60M 2,255.91M 500.17M 777.22M 723.27M 661.81M 439.55M 290.15M 181.33M 117.00M 95.17M
Total Equity 30,376.40M 28,574.30M 28,655.10M 28,607.60M 29,865.80M 30,485.80M 23,820.80M 18,329.30M 17,743.80M 24,195.90M 15,728.40M 16,885.60M 14,535.60M 12,090.10M 13,392.20M 8,408.50M 8,742.40M 7,765.30M 6,374.30M 5,807.70M 4,110.20M 3,600.40M 3,694.30M 3,257.40M 2,578.65M 1,155.57M 1,206.75M 1,137.78M 719.04M 453.87M 305.48M 195.18M 129.33M 108.31M
Total Liabilities & Equity 30,376.40M 100,968.30M 95,731.40M 92,891.80M 30,760.00M 32,878.00M 25,629.30M 22,545.90M 19,872.00M 23,862.50M 15,440.60M 16,559.80M 14,339.20M 11,905.90M 12,444.30M 8,254.20M 10,007.90M 8,979.60M 7,721.90M 5,738.80M 5,005.80M 2,497.00M 2,465.90M 1,661.50M 1,094.85M 25.85M 1,206.75M 1,137.78M 719.04M 453.87M 305.48M 195.18M 129.33M 108.31M
Tangible Assets 95,144.00M 90,740.70M 184,740.40M -58,813.40M 32,390.10M 45,783.90M 32,791.50M 21,527.60M 18,724.00M 33,908.20M 18,853.30M 15,045.50M 14,274.90M 17,733.50M 16,916.00M 19,615.80M 8,949.60M 6,320.60M 8,917.20M 22,712.20M 16,857.20M 16,805.50M 16,672.10M 24,491.00M 22,116.17M 32,270.74M 21,020.92M 21,834.59M 13,418.69M 7,104.02M 4,183.85M 1,676.52M 1,512.88M 868.46M
Tangible Equity 29,579.30M 20,417.20M 20,376.90M 22,231.30M 24,176.80M 24,557.60M 17,591.70M 12,135.20M 12,066.90M 18,123.40M 11,880.90M 13,670.70M 12,977.30M 10,778.30M 12,091.10M 7,293.30M 7,793.30M 7,326.50M 6,251.10M 5,753.90M 3,871.00M 3,389.60M 3,466.20M 3,043.10M 2,392.67M 983.13M 1,033.88M 968.22M 539.08M 425.01M 273.52M 161.16M 92.68M 70.17M
Tangible Book Value 29,579.30M 20,417.20M 20,376.90M 22,231.30M 24,176.80M 24,557.60M 17,591.70M 12,135.20M 12,066.90M 18,123.40M 11,880.90M 13,670.70M 12,977.30M 10,778.30M 12,091.10M 7,293.30M 7,793.30M 7,326.50M 6,251.10M 5,753.90M 3,871.00M 3,389.60M 3,466.20M 3,043.10M 2,392.67M 983.13M 1,033.88M 968.22M 539.08M 425.01M 273.52M 161.16M 92.68M 70.17M
Total Investments 62,613.20M 58,843.70M 59,337.40M 57,543.00M 42,132.10M 26,721.10M 26,050.20M 34,728.80M 34,850.90M 16,786.60M 15,944.60M 19,491.70M 18,288.10M 15,360.50M 17,163.10M 23,466.00M 21,981.80M 21,330.20M 18,415.00M 0.00M 11,047.70M 10,242.90M 9,103.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt 3,434.50M 4,899.20M 4,523.40M 3,962.30M -3,072.90M -17,590.80M -7,487.80M 2,903.30M 1,369.40M -15,914.80M -7,544.60M -5,414.00M -3,599.60M -5,747.90M -5,055.60M 2,015.90M 1,188.80M 1,062.20M 403.30M 2,363.40M 2,183.90M 2,298.50M 2,244.70M 2,033.80M 1,482.70M 1,491.23M 1,353.58M 1,448.33M 1,030.05M 514.46M 357.06M 233.02M 177.81M 118.81M

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 1994-12-31 1993-12-31
Working Capital 0.0M 0.0M 0.0M 10,520.0M 25,091.8M 34,191.0M 23,029.6M 22,456.2M 19,436.6M 29,980.6M 15,645.4M 12,324.2M 10,166.5M 13,466.5M 12,986.4M 6,277.4M 5,801.9M 3,885.9M 7,413.8M 6,754.7M 5,438.3M 9,972.1M 10,392.3M 10,637.2M 9,871.0M 21,938.6M 20,898.9M 21,750.4M 13,357.1M 7,065.6M 4,152.3M 1,646.2M 1,485.3M 841.7M
Total Capital 38,986.0M 36,243.9M 37,126.5M 33,749.2M 25,994.5M 24,138.1M 22,670.6M 23,107.1M 19,595.2M 20,225.2M 14,587.7M 13,638.9M 12,704.7M 11,347.6M 11,869.7M 11,381.1M 11,426.1M 9,932.8M 6,936.3M 6,428.8M 5,040.8M 5,204.4M 5,453.8M 4,951.8M 3,743.8M 3,537.8M 3,604.1M 3,733.1M 2,487.7M 1,489.8M 1,021.8M 579.5M 457.2M 329.9M
Capital Employed 103,569.6M 98,897.8M 96,777.3M 91,985.1M 81,154.6M 76,518.9M 64,432.5M 66,285.7M 62,269.5M 59,426.4M 39,789.8M 38,650.3M 33,605.3M 33,691.2M 34,562.1M 31,749.7M 30,466.4M 27,188.5M 25,957.8M 27,941.8M 26,508.3M 27,501.8M 26,242.1M 25,000.6M 22,275.4M 22,235.5M 21,165.5M 22,004.2M 13,598.6M 7,132.5M 4,214.1M 1,705.0M 1,543.2M 898.7M
Invested Capital 29,204.1M 28,971.3M 29,896.2M 27,988.0M 14,296.7M -1,205.7M 6,368.8M 18,777.8M 14,484.2M -1,919.7M 2,275.5M 4,873.4M 5,926.1M 2,605.2M 3,740.4M 10,354.4M 9,885.4M 8,681.2M 5,372.1M 6,621.4M 5,040.8M 5,204.4M 5,453.8M 4,951.8M 3,743.8M 3,537.8M 3,604.1M 3,733.1M 2,487.7M 1,489.8M 1,021.8M 579.5M 457.2M 329.9M

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 1994-12-31 1993-12-31
Net Income 4,992.30M 4,553.70M 4,262.90M 5,094.90M 1,286.80M 3,666.60M 37.40M 1,971.20M 817.90M 1,614.90M -394.70M 642.00M 1,664.60M -564.50M 540.70M 47.80M 471.20M 990.70M 1,473.80M 1,449.30M 393.00M -450.80M 56.10M 335.60M 314.61M -219.56M 91.50M 85.58M 252.29M 162.47M 110.02M 64.16M 27.16M 25.15M
Depreciation & Amortization 902.70M 829.30M 753.80M 896.00M 683.60M 930.40M 752.10M 611.50M 349.50M 280.50M 191.70M 133.30M 94.20M 104.30M 71.00M 59.50M 46.30M 35.80M 22.40M 9.40M -43.00M 25.20M 42.60M 52.09M 42.98M 44.23M 28.08M 18.81M 5.86M 4.61M 9.92M 9.31M 6.70M 5.66M
Deferred Income Tax 280.20M 95.30M 255.00M 173.30M -181.60M 339.00M 57.90M 83.80M -105.00M 230.30M -273.80M -210.40M 521.70M -431.80M 17.90M -128.10M -114.70M 12.80M -342.90M 323.50M 375.20M -152.30M 5.60M 127.00M 114.59M -241.73M -131.41M -42.72M 6.90M 17.26M 3.79M -0.59M 2.99M -12.54M
Stock-Based Compensation 179.20M 144.40M 164.90M 147.00M 146.10M 104.10M 84.30M 80.10M 66.10M 51.80M 40.60M 34.80M 36.80M 21.90M 16.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 3,180.20M 2,527.70M 1,406.80M 3,076.30M 3,820.10M 2,986.90M 1,873.20M 953.90M 272.80M 555.40M -607.90M -56.80M 70.80M -766.90M 236.50M 701.20M -9.90M -764.80M 1,342.50M -379.90M 596.50M 1,557.50M 294.60M 1,213.45M 717.77M -866.54M -3,002.97M -1,028.85M 510.05M -140.18M 0.00M 0.00M 0.00M 0.00M
Accounts Receivable 0.00M -282.40M 107.30M -282.40M -2,392.80M -2,732.90M -1,395.50M -1,476.30M -1,510.10M -1,596.90M -331.20M 499.90M 882.40M 423.80M 37.60M -13.60M 616.10M 50.00M 292.10M -532.80M 1,711.65M 974.00M -182.30M 1,252.64M 238.60M -852.53M -836.71M 873.75M -393.64M -90.29M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 3,542.60M 0.00M 5,107.00M 3,044.60M 2,106.90M 1,607.60M 2,006.00M -175.20M -557.40M -826.20M -1,080.70M 361.20M 0.00M 0.00M 0.00M 0.00M 192.60M 301.25M 45.70M -623.90M 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 38.70M 239.70M 964.00M 1,370.90M 396.50M 620.30M 478.10M 356.00M 198.50M 119.30M 28.30M -118.90M -149.60M 0.00M 0.00M 0.00M 0.00M 172.70M -1,091.20M 583.50M -319.20M -592.08M 77.34M 419.26M -664.77M -1,388.17M 648.66M 20.20M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 3,180.20M 2,268.90M 1,260.80M -423.60M 5,248.90M -758.10M -172.40M -297.00M -302.80M -209.70M -300.00M -118.60M -13.70M 8.90M -12.70M 714.80M -626.00M -814.80M 1,050.40M -212.40M -325.20M -45.70M 1,420.00M 552.90M 401.83M -433.27M -1,501.48M -514.42M 255.02M -70.09M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items -5,741.30M -2,628.80M -2,849.50M -9,426.90M -10,174.90M -1,386.00M -2,665.10M -2,345.10M -3,325.60M -32.30M 2,302.30M -398.20M -2,458.30M 2,344.30M 433.00M -1.80M 509.30M 3.60M 1,772.90M -1,647.10M 412.60M -352.10M -288.30M -1,336.44M -1,061.38M 711.06M 1,233.04M 353.95M -545.59M 119.70M -66.17M -74.06M -25.10M 26.89M
Net Cash from Operating Activities 3,793.30M 3,072.70M 3,993.90M -39.40M -4,419.90M 6,641.00M 139.80M 1,355.40M -1,924.30M 2,700.60M 1,258.20M 144.70M -70.20M 707.30M 1,315.70M -1,221.50M 33.50M -719.20M 119.90M -244.80M 883.00M 627.50M 110.60M 391.70M 128.56M -572.54M -1,781.76M -613.23M 229.50M 163.87M 57.56M -1.17M 11.76M 45.17M
Capital Expenditures (PPE) -436.40M -408.70M -408.80M -514.10M -418.90M -353.90M -273.30M -319.60M -236.50M -415.20M -208.30M -201.30M -67.10M -48.10M -71.50M -42.20M -38.60M -49.10M -23.70M -18.00M -13.20M -20.50M -37.00M -29.90M -23.88M -41.59M -23.12M -532.27M -512.65M -168.06M -204.87M -9.68M -42.85M -7.48M
Acquisitions (Net) -1,356.50M -34.40M -1,300.90M 306.10M 719.00M 2,165.50M 234.30M -700.00M -250.40M -478.90M -1,468.60M -1,263.20M -328.00M 262.10M -219.80M 276.50M -454.90M -1,643.60M -11.00M 61.80M 0.00M -52.00M -55.90M -18.70M -52.21M 0.00M -55.47M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 0.00M 0.00M 0.00M 0.00M -130.50M -5,936.80M -9,764.00M -11,964.70M -4,809.70M -3,971.30M -11,965.30M -6,883.20M -11,280.60M -5,344.31M -1,132.21M -2,943.21M -5,912.03M -5,848.73M -1,429.89M 0.00M 0.00M -99.24M -22.13M
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 7,736.30M 10,363.00M 9,233.70M 2,273.80M 4,022.60M 5,503.70M 1.40M 14,490.20M 5,516.64M 1,585.89M 4,939.51M 7,097.01M 5,389.40M 1,417.94M 21.81M 7.04M 0.00M 0.00M
Other Investing Activities 535.80M -253.00M 386.60M 300.00M 84.70M 27.00M -7.80M -184.40M -141.70M 517.20M 6.50M -6.50M -138.10M 125.80M -219.80M 0.00M -1,008.30M 359.30M 3,353.60M 382.30M 370.70M 5,688.10M 4,843.30M 186.30M -35.95M 241.61M -11.81M -238.40M 0.00M 0.00M 0.00M 0.00M 0.07M 7.55M
Net Cash from Investing Activities -1,257.10M -415.50M -1,323.10M 92.00M 384.80M 1,838.60M -46.80M -1,204.00M -628.60M -894.10M -1,670.40M -1,471.00M -395.10M 214.00M -291.30M 103.80M 297.70M -734.40M 587.90M -2,109.80M 408.80M -846.00M -2,131.40M 3,347.30M 60.28M 653.71M 1,905.90M 414.31M -971.98M -180.01M -183.05M -2.64M -142.02M -22.06M
Net Debt Issuance 1,217.80M 1,489.20M 1,683.20M 42.40M 826.50M -1,051.40M 1,194.00M 13.20M 246.80M 318.90M 1,347.50M 130.10M 221.50M -2.50M -72.10M 102.00M 156.40M 319.70M -195.50M -144.50M -30.70M 37.00M 118.00M 513.60M 19.87M 138.95M -0.89M 296.07M 481.92M 138.64M 128.99M 51.11M 66.80M 48.94M
Long-Term Debt Issuance 857.10M 1,722.00M 1,683.20M 52.40M 557.40M -5.10M 443.50M 13.20M 246.80M 318.90M 1,347.50M 130.10M 221.50M -2.50M -72.10M 102.00M 231.40M 319.70M -182.30M -78.00M -175.00M 40.10M 68.40M 545.70M 20.70M 138.95M 0.00M 296.07M 481.92M 138.64M 128.99M 51.11M 66.80M 48.94M
Short-Term Debt Issuance 360.70M -232.80M 0.00M -10.00M 269.10M -1,046.30M 750.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -75.00M -12.80M -13.20M -66.50M 144.30M -3.10M 49.60M -32.10M -0.83M 0.57M -0.89M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -1,528.30M -1,299.10M -2,002.60M -363.20M -347.80M -1,190.70M -238.80M -222.40M -306.70M -236.70M 445.20M 649.80M -24.60M 387.10M 181.10M -36.00M 880.40M 945.50M -330.20M -4.40M -36.90M 299.80M 240.80M -166.60M -20.80M 156.11M -39.74M 794.37M 296.63M 171.00M 209.90M -5.06M 53.04M 78.25M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 523.50M 754.90M 0.00M 0.00M 239.10M 0.00M 200.00M 1,000.00M 0.00M 0.00M 9.80M 308.40M 299.70M 135.99M 0.00M 156.11M 0.00M 518.77M 296.63M 171.00M 209.90M 0.00M 53.04M 78.25M
Common Stock Repurchased -1,237.50M -1,299.10M -1,828.80M -363.20M -347.80M -1,190.70M -238.80M -222.40M -306.70M -236.70M -78.30M -100.30M -24.60M -25.70M -58.00M -36.00M -43.60M -286.80M -330.20M -7.00M -7.70M -8.60M -58.90M -166.60M -20.80M 0.00M -39.74M 0.00M 0.00M 0.00M 0.00M -5.06M 0.00M 0.00M
Preferred Stock Issuance -290.80M 0.00M -173.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -4.80M -1.20M 412.80M 0.00M -10.00M 724.00M 81.20M -48.00M 0.00M -29.20M 0.00M -27.40M -136.00M -4.10M 0.00M 0.00M 275.61M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -382.20M -412.90M -411.70M -294.90M -295.10M -316.60M -319.70M -323.80M -328.30M -282.00M -271.80M -265.40M -272.60M -266.30M -266.30M -257.40M -232.20M -158.60M -124.60M -61.50M -36.50M -32.30M -29.60M -23.70M -17.34M -8.17M -8.94M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid -343.60M -375.50M -363.10M -245.20M -249.90M -272.10M -275.70M -278.00M -283.20M -237.40M -227.80M -216.10M -215.70M -205.50M -205.80M -205.90M -200.80M -148.10M -114.50M -76.30M -25.10M -22.50M -19.50M -13.90M -9.05M 0.00M -8.94M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid -38.60M -37.40M -48.60M -49.70M -45.20M -44.50M -44.00M -45.80M -45.10M -44.60M -44.00M -49.30M -56.90M -60.80M -60.50M -51.50M -31.40M -10.50M -10.10M -12.50M -11.40M -9.80M -10.10M -9.80M -8.30M -8.17M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -961.30M -484.30M -832.40M -451.40M -1,478.20M 1,369.40M -198.60M -304.40M -287.90M 1,961.40M 22.50M 1,155.60M -7.80M 11.60M -8.00M -6.70M -30.90M -113.60M -419.50M -166.90M -16.60M 62.80M 0.00M 0.00M -0.67M -34.00M -110.68M -13.85M 36.79M -1.12M 0.00M -0.22M -0.43M -0.23M
Net Cash from Financing Activities -1,654.00M -707.10M -1,563.50M -1,067.10M -1,294.60M -1,189.30M 436.90M -837.40M -676.10M 1,761.60M 1,543.40M 1,670.10M -83.50M 129.90M -165.30M -198.10M 773.70M 993.00M -1,069.80M -404.60M -120.70M 367.30M 329.20M 323.30M -18.93M 252.91M -160.24M 1,076.60M 815.33M 308.52M 338.89M 45.83M 119.42M 126.97M
Effect of FX on Cash 18.70M -44.90M -116.20M 16.30M -236.10M -72.00M 73.90M 12.40M -169.10M 147.80M -37.70M -236.90M -190.70M -108.30M 46.20M -49.30M 13.30M 91.80M -224.80M 107.90M 2.30M 11.90M 17.00M 31.90M -62.12M 42.91M 0.00M 0.07M 0.00M 0.00M 0.00M -0.07M 0.00M 0.00M
Net Change in Cash 900.90M 1,905.20M 991.10M -998.20M -5,565.80M 7,218.30M 603.80M -673.60M -3,398.10M 3,715.90M 1,093.50M 106.90M -739.50M 942.90M 905.30M -1,365.10M 1,118.20M -368.80M -586.80M -2,651.30M 1,173.40M 160.70M -1,674.60M 4,094.20M 107.79M 376.98M -36.10M 877.75M 72.85M 292.38M 213.40M 41.94M -10.84M 150.08M
Cash at Beginning of Period 25,301.20M 20,436.80M 5,121.40M 6,119.60M 11,685.40M 4,467.10M 3,863.30M 4,536.90M 7,935.00M 4,219.10M 3,125.60M 3,018.70M 3,758.20M 2,815.30M 1,910.00M 3,275.10M 2,156.90M 2,525.70M 3,112.50M 5,763.80M 4,590.40M 4,429.70M 6,104.30M 2,010.10M 1,909.28M 1,511.26M 1,637.74M 787.00M 670.79M 427.60M 233.03M 192.25M 197.77M 59.44M
Cash at End of Period 26,202.10M 22,342.00M 6,112.50M 5,121.40M 6,119.60M 11,685.40M 4,467.10M 3,863.30M 4,536.90M 7,935.00M 4,219.10M 3,125.60M 3,018.70M 3,758.20M 2,815.30M 1,910.00M 3,275.10M 2,156.90M 2,525.70M 3,112.50M 5,763.80M 4,590.40M 4,429.70M 6,104.30M 2,017.07M 1,888.24M 1,601.64M 1,664.75M 743.65M 719.98M 446.43M 234.19M 186.94M 209.52M
Operating Cash Flow 3,793.30M 3,072.70M 3,993.90M -39.40M -4,419.90M 6,641.00M 139.80M 1,355.40M -1,924.30M 2,700.60M 1,258.20M 144.70M -70.20M 707.30M 1,315.70M -1,221.50M 33.50M -719.20M 119.90M -244.80M 883.00M 627.50M 110.60M 391.70M 128.56M -572.54M -1,781.76M -613.23M 229.50M 163.87M 57.56M -1.17M 11.76M 45.17M
Capital Expenditure -436.40M -408.70M -408.80M -514.10M -418.90M -353.90M -273.30M -319.60M -236.50M -415.20M -208.30M -201.30M -67.10M -48.10M -71.50M -42.20M -38.60M -49.10M -23.70M -18.00M -13.20M -20.50M -37.00M -29.90M -23.88M -41.59M -23.12M -532.27M -512.65M -168.06M -204.87M -9.68M -42.85M -7.48M
Free Cash Flow 3,356.90M 2,664.00M 3,585.10M -553.50M -4,838.80M 6,287.10M -133.50M 1,035.80M -2,160.80M 2,285.40M 1,049.90M -56.60M -137.30M 659.20M 1,244.20M -1,263.70M -5.10M -768.30M 96.20M -262.80M 869.80M 607.00M 73.60M 361.80M 104.68M -614.13M -1,804.87M -1,145.50M -283.15M -4.19M -147.30M -10.85M -31.08M 37.69M

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 1994-12-31 1993-12-31
EBITDA 4,236.50M 3,734.40M 6,322.90M 6,126.70M -786.80M 12,048.80M 7,839.80M 9,538.10M 5,667.30M 4,478.70M 2,649.20M 2,271.50M 3,929.80M -2.20M 1,587.30M 201.30M 936.10M 1,951.70M 2,723.30M 2,858.10M 1,113.90M -240.90M 359.70M 1,502.00M 1,185.49M 486.81M 3,284.22M 3,169.16M 1,898.06M 1,178.67M 840.91M 625.66M 287.75M 133.46M
(-) Tax Adjustment 874.52M 642.81M 1,542.57M 843.47M -175.27M 1,991.40M 2,743.93M 1,117.13M 290.56M 903.84M 762.79M 0.00M 1,131.76M -0.77M 278.82M 70.46M 0.00M 347.89M 841.85M 940.75M 389.87M -34.24M 125.90M 525.70M 414.92M 170.38M 1,149.48M 1,109.21M 346.05M 360.15M 156.20M 43.26M 46.27M 37.27M
(-) Change In Working Capital 3,180.20M 2,527.70M 1,406.80M 3,076.30M 3,820.10M 2,986.90M 1,873.20M 953.90M 272.80M 555.40M -607.90M -56.80M 70.80M -766.90M 236.50M 701.20M -9.90M -764.80M 1,342.50M -379.90M 596.50M 1,557.50M 294.60M 1,213.45M 717.77M -866.54M -3,002.97M -1,028.85M 510.05M -140.18M 0.00M 0.00M 0.00M 0.00M
(-) Capital Expenditure -436.40M -408.70M -408.80M -514.10M -418.90M -353.90M -273.30M -319.60M -236.50M -415.20M -208.30M -201.30M -67.10M -48.10M -71.50M -42.20M -38.60M -49.10M -23.70M -18.00M -13.20M -20.50M -37.00M -29.90M -23.88M -41.59M -23.12M -532.27M -512.65M -168.06M -204.87M -9.68M -42.85M -7.48M
Unlevered Free Cash Flow -254.62M 155.19M 2,964.73M 1,692.83M -4,850.53M 6,716.60M 2,949.37M 7,147.47M 4,867.44M 2,604.26M 2,286.01M 2,127.00M 2,660.14M 717.37M 1,000.48M -612.56M 907.40M 2,319.51M 515.25M 2,279.25M 114.34M -1,784.66M -97.80M -267.05M 28.92M 1,141.38M 5,114.60M 2,556.53M 529.31M 790.64M 479.85M 572.72M 198.63M 88.72M
(-) Net Interest Income After Taxes 1,772.93M 910.74M 1,408.42M 1,195.36M 421.42M 105.93M 190.65M 360.39M 414.03M 181.83M 222.45M 293.20M 140.62M 107.71M 165.78M 319.35M -195.50M -136.66M -109.57M -140.54M -136.76M -171.92M -108.29M -95.10M -56.46M -68.84M -77.72M -63.33M -47.91M -21.69M -21.74M -14.47M -7.90M -3.48M
Net Debt Issuance 1,217.80M 1,489.20M 1,683.20M 42.40M 826.50M -1,051.40M 1,194.00M 13.20M 246.80M 318.90M 1,347.50M 130.10M 221.50M -2.50M -72.10M 102.00M 156.40M 319.70M -195.50M -144.50M -30.70M 37.00M 118.00M 513.60M 19.87M 138.95M -0.89M 296.07M 481.92M 138.64M 128.99M 51.11M 66.80M 48.94M
Levered Free Cash Flow -809.75M 733.65M 3,239.51M 539.87M -4,445.44M 5,559.27M 3,952.73M 6,800.28M 4,700.21M 2,741.33M 3,411.06M 1,963.90M 2,741.02M 607.17M 762.61M -829.90M 1,259.30M 2,775.86M 429.33M 2,275.29M 220.40M -1,575.74M 128.50M 341.64M 105.25M 1,349.16M 5,191.43M 2,915.94M 1,059.14M 950.97M 630.59M 638.29M 273.33M 141.15M