Page: Company Financials
F&G Annuities & Life, Inc.
$27.74
+0.55 (2.02%)
As of: 2026-01-15
Master Data Export
Enterprise Value
| Metric | MRQ | MRQ-1 | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Price | 31.27 | 31.98 | 33.10 | 41.08 | 29.24 | 17.57 | 16.75 | 16.75 | 16.75 | 16.75 | 16.75 |
| Market Capitalization | 4,096.37M | 4,253.34M | 4,297.34M | 5,103.97M | 3,636.49M | 1,986.25M | 1,758.93M | 3,693.24M | 3,643.48M | 1,643.22M | 267.48M |
| (-) Cash & Equivalents | 2,189.00M | 1,884.00M | 2,455.33M | 2,925.25M | 1,644.25M | 834.00M | 383.25M | 1,022.00M | 1,095.50M | 304.10M | 0.87M |
| (+) Total Debt | 2,236.00M | 2,235.00M | 2,238.00M | 2,009.25M | 1,628.50M | 571.25M | 247.75M | 541.75M | 515.75M | 103.00M | 0.00M |
| Enterprise Value | 4,143.37M | 4,604.34M | 4,080.00M | 4,187.97M | 3,620.74M | 1,723.50M | 1,623.43M | 3,212.99M | 3,063.73M | 1,442.11M | 266.61M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,231M | 5,503M | 5,421M | 4,271M | 2,239M | 3,385M | 1,430M | 1,813M | 711M | 1,980M | 1M |
| Cost of Revenue | 3,625M | 4,496M | 3,791M | 3,553M | 1,126M | 1,932M | 0M | 1,148M | 0M | 0M | 0M |
| Gross Profit | 1,606M | 1,007M | 1,630M | 718M | 1,113M | 1,453M | 1,430M | 665M | 711M | 1,980M | 1M |
| Gross Profit Margin | 30.7% | 18.3% | 30.1% | 16.8% | 49.7% | 42.9% | 100.0% | 36.7% | 100.0% | 100.0% | 100.0% |
| R&D Expenses | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 304M | 280M | 296M | 232M | 157M | 129M | 0M | 78M | 150M | 132M | 1M |
| Operating Expenses | 1,032M | 1,016M | 852M | 753M | 320M | -99M | 99M | 244M | 653M | 1,728M | 1M |
| Operating Income (EBIT) | 574M | -9M | 778M | -35M | 793M | 1,552M | 1,331M | 421M | 58M | 252M | 0M |
| Operating Income Margin | 11.0% | -0.2% | 14.4% | -0.8% | 35.4% | 45.8% | 93.1% | 23.2% | 8.2% | 12.7% | -31.6% |
| Interest Income | 2,749M | 2,558M | 2,659M | 2,209M | 1,716M | 1,409M | 31M | 1,176M | 29M | 24M | 0M |
| Interest Expense | 161M | 120M | 132M | 97M | 29M | 29M | 0M | 32M | 0M | 0M | 0M |
| Net Interest Income | 2,588M | 2,438M | 2,527M | 2,112M | 1,687M | 1,380M | 31M | 1,144M | 29M | 24M | 0M |
| Unusual Items | -2,588M | -2,438M | -2,527M | -2,112M | -1,687M | -1,380M | -1,490M | -1,144M | -58M | -48M | 0M |
| EBT Excluding Unusual Items | 3,162M | 2,429M | 3,305M | 2,077M | 2,480M | 2,932M | 1,362M | 1,565M | 87M | 276M | 0M |
| Pre-Tax Income | 574M | -9M | 778M | -35M | 793M | 1,552M | -128M | 421M | 29M | 228M | 0M |
| Pre-Tax Margin | 11.0% | -0.2% | 14.4% | -0.8% | 35.4% | 45.8% | -9.0% | 23.2% | 4.1% | 11.5% | -31.6% |
| Income Tax Expense | 106M | -25M | 136M | 23M | 158M | 320M | -89M | 60M | 16M | 1,320M | 0M |
| Net Income | 464M | 13M | 639M | -58M | 635M | 1,240M | -178M | 412M | -16M | -1,116M | 0M |
| Net Income Margin | 8.9% | 0.2% | 11.8% | -1.4% | 28.4% | 36.6% | -12.4% | 22.7% | -2.3% | -56.4% | -31.6% |
| Depreciation & Amortization | 643M | 527M | 569M | 412M | 324M | 271M | 0M | 128M | -58M | -252M | 0M |
| EBITDA | 1,217M | 518M | 1,347M | 377M | 1,117M | 1,823M | 1,331M | 549M | 0M | 0M | 0M |
| EBITDA Margin | 23.3% | 9.4% | 24.8% | 8.8% | 49.9% | 53.9% | 93.1% | 30.3% | 0.0% | 0.0% | 0.0% |
| NOPAT | 468M | -7M | 642M | -28M | 635M | 1,232M | 1,051M | 361M | 26M | -1,207M | 0M |
| NOPAT Margin | 8.9% | -0.1% | 11.8% | -0.6% | 28.4% | 36.4% | 73.5% | 19.9% | 3.7% | -61.0% | -25.0% |
| Owner's Earnings | 1,090M | 515M | 1,184M | 327M | 927M | 1,478M | -206M | 525M | -81M | -1,380M | 0M |
| Owner's Earnings Margin | 20.8% | 9.4% | 21.8% | 7.7% | 41.4% | 43.7% | -14.4% | 29.0% | -11.4% | -69.7% | 0.0% |
| EPS (Basic) | 3.50 | 0.01 | 4.98 | -0.47 | 5.52 | 8.24 | -0.31 | 1.92 | -0.07 | -5.28 | -0.02 |
| EPS (Diluted) | 3.50 | 0.10 | 4.88 | -0.47 | 5.52 | 11.81 | -1.19 | 1.93 | -0.07 | -5.21 | -0.02 |
| Shares (Basic) | 129M | 124M | 125M | 124M | 115M | 105M | 150M | 214M | 216M | 211M | 19M |
| Shares (Diluted) | 133M | 127M | 131M | 124M | 115M | 105M | 150M | 213M | 216M | 214M | 19M |
Product Segments
| Metric | TTM | TTM-1 | 2024-12-31 |
|---|---|---|---|
| Reportable Segment | 0.00M | 0.00M | 5,744.00M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 2,189.00M | 1,884.00M | 2,264.00M | 1,563.00M | 960.00M | 1,533.00M | 889.00M | 969.00M | 571.00M | 1,215.00M | 1.02M |
| Short-Term Investments | 28,012.00M | 50,193.00M | 46,317.00M | 41,871.00M | 32,774.00M | 30,335.00M | 25,955.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 30,201.00M | 52,077.00M | 48,581.00M | 43,434.00M | 33,734.00M | 31,868.00M | 26,844.00M | 969.00M | 571.00M | 1,215.00M | 1.02M |
| Net Receivables | 16,910.00M | 15,783.00M | 13,369.00M | 8,987.00M | 5,445.00M | 3,663.00M | 3,183.00M | 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 |
| Other Current Assets | -47,111.00M | -15,783.00M | -13,369.00M | -53,352.00M | -40,120.00M | -1.00M | -30,448.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Current Assets | 0.00M | 52,077.00M | 48,581.00M | -931.00M | -941.00M | 35,530.00M | -421.00M | 969.00M | 571.00M | 1,215.00M | 1.02M |
| Property, Plant & Equipment | 0.00M | 0.00M | 0.00M | 0.00M | 21.00M | 21.00M | 19.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Goodwill | 2,180.00M | 2,179.00M | 2,179.00M | 1,749.00M | 1,749.00M | 1,756.00M | 1,756.00M | 467.00M | 467.00M | 467.00M | 0.00M |
| Intangible Assets | 6,097.00M | 5,943.00M | 5,572.00M | 4,207.00M | 3,429.00M | 2,234.00M | 1,918.00M | 1,455.00M | 1,359.00M | 853.00M | 0.00M |
| Long-Term Investments | 57,594.00M | 4,301.00M | 3,565.00M | 45,548.00M | 36,052.00M | 33,856.00M | 28,169.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax Assets | 0.00M | 258.00M | 299.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Assets | -65,871.00M | 0.00M | 0.00M | -51,504.00M | -41,251.00M | 0.00M | -31,862.00M | 33,823.00M | 28,548.00M | 27,388.00M | 690.98M |
| Other Assets | 96,137.00M | 27,058.00M | 24,844.00M | 70,202.00M | 54,628.00M | -24,667.00M | 39,756.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 96,137.00M | 39,739.00M | 36,459.00M | 70,202.00M | 54,628.00M | 13,200.00M | 39,756.00M | 35,745.00M | 30,374.00M | 28,708.00M | 690.98M |
| Total Assets | 96,137.00M | 91,816.00M | 85,040.00M | 69,271.00M | 53,687.00M | 48,730.00M | 39,335.00M | 36,714.00M | 30,945.00M | 29,923.00M | 692.00M |
| Accounts Payable | 293.00M | 223.00M | 207.00M | 378.00M | 231.00M | 220.00M | 206.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Short-Term Debt | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax Payables | 0.00M | 0.00M | 5.00M | 0.00M | 5.00M | 3.00M | 7.00M | 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 |
| Other Current Liabilities | -1,258.00M | -515.00M | 11,070.00M | -1,050.00M | -794.00M | -248.00M | -572.00M | 129.00M | 0.00M | 0.00M | 0.00M |
| Total Current Liabilities | -965.00M | -292.00M | 11,282.00M | -672.00M | -558.00M | -25.00M | -359.00M | 129.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Debt | 2,236.00M | 2,235.00M | 2,171.00M | 1,754.00M | 1,114.00M | 977.00M | 589.00M | 542.00M | 541.00M | 412.00M | 0.00M |
| Capital Lease Obligations | 8.00M | 9.00M | 10.00M | 11.00M | 13.00M | 14.00M | 14.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 24.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Liabilities | -2,244.00M | 85,024.00M | 66,989.00M | -1,765.00M | -1,330.00M | -1,050.00M | -605.00M | 33,283.00M | 29,404.00M | 27,482.00M | 0.00M |
| Total Non-Current Liabilities | 0.00M | 87,268.00M | 69,170.00M | 0.00M | -203.00M | -35.00M | -2.00M | 33,825.00M | 29,945.00M | 27,894.00M | 0.00M |
| Total Liabilities | -965.00M | 86,976.00M | 80,452.00M | -672.00M | -761.00M | -60.00M | -361.00M | 33,954.00M | 29,945.00M | 27,894.00M | 0.00M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 17.00M | 29.00M | 23.00M | 0.00M |
| Common Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained Earnings | 2,478.00M | 2,394.00M | 2,440.00M | 1,926.00M | 2,061.00M | 1,001.00M | 136.00M | 300.00M | -167.00M | -149.00M | -0.28M |
| Accumulated OCI | -1,376.00M | -1,670.00M | -1,923.00M | -1,990.00M | -2,818.00M | 734.00M | 1,197.00M | 481.00M | -937.00M | 75.00M | 0.00M |
| Minority Interest | 116.00M | 119.00M | 125.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Shareholders’ Equity | 1,102.00M | 724.00M | 517.00M | -64.00M | -757.00M | 1,735.00M | 1,333.00M | 798.00M | -1,075.00M | -51.00M | -0.28M |
| Total Equity | 1,218.00M | 843.00M | 642.00M | -64.00M | -757.00M | 1,735.00M | 1,333.00M | 798.00M | -1,075.00M | -51.00M | -0.28M |
| Total Liabilities & Equity | 253.00M | 87,819.00M | 81,094.00M | -736.00M | -1,518.00M | 1,675.00M | 972.00M | 34,752.00M | 28,870.00M | 27,843.00M | -0.28M |
| Tangible Assets | 87,860.00M | 83,694.00M | 77,289.00M | 63,315.00M | 48,509.00M | 44,740.00M | 35,661.00M | 34,792.00M | 29,119.00M | 28,603.00M | 692.00M |
| Tangible Equity | -7,059.00M | -7,279.00M | -7,109.00M | -6,020.00M | -5,935.00M | -2,255.00M | -2,341.00M | -1,124.00M | -2,901.00M | -1,371.00M | -0.28M |
| Tangible Book Value | -7,059.00M | -7,279.00M | -7,109.00M | -6,020.00M | -5,935.00M | -2,255.00M | -2,341.00M | -1,124.00M | -2,901.00M | -1,371.00M | -0.28M |
| Total Investments | 67,365.00M | 54,494.00M | 49,882.00M | 52,289.00M | 41,387.00M | 64,191.00M | 31,197.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Debt | 47.00M | 351.00M | -93.00M | 191.00M | 154.00M | -556.00M | -300.00M | -427.00M | -30.00M | -803.00M | -1.02M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital | 0.0M | 52,077.0M | 36,787.0M | 0.0M | 0.0M | 35,310.0M | 0.0M | 840.0M | 490.0M | 1,172.0M | 0.9M |
| Total Capital | 7,068.0M | 6,673.0M | 6,132.0M | 4,868.0M | 3,532.0M | 5,476.0M | 4,677.0M | 3,302.0M | 1,460.0M | 2,398.0M | 5.0M |
| Capital Employed | 96,137.0M | 91,816.0M | 73,246.0M | 70,202.0M | 54,628.0M | 48,510.0M | 39,756.0M | 36,585.0M | 30,864.0M | 29,880.0M | 691.9M |
| Invested Capital | 4,879.0M | 4,789.0M | 3,868.0M | 3,305.0M | 2,572.0M | 3,943.0M | 3,788.0M | 2,333.0M | 889.0M | 1,183.0M | 4.0M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 468.00M | 14.00M | 642.00M | -58.00M | 481.00M | 865.00M | -178.00M | 412.00M | 13.00M | -1,092.00M | -0.34M |
| Depreciation & Amortization | 643.00M | 397.00M | 569.00M | 412.00M | 329.00M | 484.00M | -13.00M | 128.00M | -21.00M | -24.00M | 0.00M |
| Deferred Income Tax | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -1,092.00M | 0.00M | 42.00M | 0.00M | 0.00M | 0.00M |
| Stock-Based Compensation | 30.00M | 28.00M | 29.00M | 23.00M | 12.00M | 9.00M | 7.00M | 4.00M | 4.00M | -12.00M | 0.00M |
| Change in Working Capital | 4,971.00M | 6,322.00M | 5,559.00M | 5,292.00M | 2,910.00M | 1,785.00M | -12.00M | 190.00M | 417.00M | 324.00M | 0.07M |
| Accounts Receivable | -18.00M | -10.00M | 0.00M | 0.00M | 21.00M | 94.00M | 0.00M | 7.00M | 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 |
| Accounts Payable | 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 | 4,989.00M | 6,329.00M | 5,559.00M | 5,292.00M | 2,889.00M | 1,691.00M | -12.00M | 183.00M | 417.00M | 324.00M | 0.07M |
| Other Non-Cash Items | -1,279.00M | 140.00M | -800.00M | 165.00M | -561.00M | -180.00M | 259.00M | -124.00M | 484.00M | 1,824.00M | -0.38M |
| Net Cash from Operating Activities | 4,833.00M | 6,901.00M | 5,999.00M | 5,834.00M | 3,171.00M | 1,871.00M | 63.00M | 652.00M | 897.00M | 1,020.00M | -0.65M |
| Capital Expenditures (PPE) | -17.00M | -25.00M | -24.00M | -27.00M | -32.00M | -33.00M | -28.00M | -15.00M | -7.00M | -12.00M | 0.00M |
| Acquisitions (Net) | -1,158.00M | -1,598.00M | -482.00M | -1,137.00M | -982.00M | -1,753.00M | 0.00M | -588.00M | -57.00M | 0.00M | 0.00M |
| Purchases of Investments | -20,218.00M | -15,188.00M | -18,025.00M | -13,373.00M | -14,098.00M | -14,577.00M | 0.00M | -5,828.00M | 0.00M | 0.00M | 0.00M |
| Sales / Maturities of Investments | 12,504.00M | 8,232.00M | 11,260.00M | 5,279.00M | 5,429.00M | 9,351.00M | 0.00M | 4,851.00M | 0.00M | 0.00M | 0.00M |
| Other Investing Activities | -61.00M | 170.00M | -682.00M | 340.00M | 313.00M | 150.00M | -2,561.00M | 50.00M | -2,216.00M | -252.00M | -828.00M |
| Net Cash from Investing Activities | -8,950.00M | -8,409.00M | -7,953.00M | -8,918.00M | -9,370.00M | -6,862.00M | -2,589.00M | -1,530.00M | -2,280.00M | -264.00M | -828.00M |
| Net Debt Issuance | 210.00M | 485.00M | 435.00M | 660.00M | 550.00M | 400.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Debt Issuance | 210.00M | 345.00M | 435.00M | 845.00M | 550.00M | 400.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Short-Term Debt Issuance | 0.00M | 140.00M | 0.00M | -185.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | 260.00M | 244.00M | 238.00M | -18.00M | 0.00M | 0.00M | 0.00M | -65.00M | 0.00M | 0.00M | 0.00M |
| Common Stock Issuance | 269.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock Repurchased | -9.00M | -6.00M | -12.00M | -18.00M | 0.00M | 0.00M | 0.00M | -65.00M | -4.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 250.00M | 250.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | -131.00M | -114.00M | -121.00M | -101.00M | 0.00M | 0.00M | 0.00M | -9.00M | 0.00M | 0.00M | 0.00M |
| Common Dividends Paid | -131.00M | -114.00M | -121.00M | -101.00M | 0.00M | 0.00M | 0.00M | -9.00M | 0.00M | 0.00M | 0.00M |
| 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 |
| Other Financing Activities | 2,428.00M | 2,690.00M | 2,103.00M | 3,146.00M | 5,076.00M | 5,235.00M | 2,517.00M | 1,365.00M | 739.00M | 540.00M | 829.87M |
| Net Cash from Financing Activities | 2,767.00M | 3,305.00M | 2,655.00M | 3,687.00M | 5,626.00M | 5,635.00M | 2,517.00M | 1,291.00M | 739.00M | 540.00M | 829.87M |
| Effect of FX on Cash | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 827.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Change in Cash | -1,350.00M | 1,797.00M | 701.00M | 603.00M | -573.00M | 644.00M | 818.00M | 413.00M | -644.00M | 1,296.00M | 1.22M |
| Cash at Beginning of Period | 10,980.00M | 9,203.00M | 1,563.00M | 960.00M | 1,533.00M | 889.00M | 935.00M | 522.00M | 1,215.00M | 0.00M | 0.00M |
| Cash at End of Period | 9,630.00M | 11,000.00M | 2,264.00M | 1,563.00M | 960.00M | 1,533.00M | 1,753.00M | 935.00M | 571.00M | 1,296.00M | 1.22M |
| Operating Cash Flow | 4,833.00M | 6,901.00M | 5,999.00M | 5,834.00M | 3,171.00M | 1,871.00M | 63.00M | 652.00M | 897.00M | 1,020.00M | -0.65M |
| Capital Expenditure | -17.00M | -25.00M | -24.00M | -27.00M | -32.00M | -33.00M | -28.00M | -15.00M | -7.00M | -12.00M | 0.00M |
| Free Cash Flow | 4,816.00M | 6,876.00M | 5,975.00M | 5,807.00M | 3,139.00M | 1,838.00M | 35.00M | 637.00M | 890.00M | 1,008.00M | -0.65M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 1,945.00M | 1,254.00M | 1,903.00M | 898.00M | 1,280.00M | 1,595.00M | 1,430.00M | 715.00M | 503.00M | 1,596.00M | 0.00M |
| (-) Tax Adjustment | 359.18M | 438.90M | 332.66M | 0.00M | 255.03M | 328.87M | 500.50M | 101.90M | 176.05M | 558.60M | 0.00M |
| (-) Change In Working Capital | 4,971.00M | 6,322.00M | 5,559.00M | 5,292.00M | 2,910.00M | 1,785.00M | -12.00M | 190.00M | 417.00M | 324.00M | 0.07M |
| (-) Capital Expenditure | -17.00M | -25.00M | -24.00M | -27.00M | -32.00M | -33.00M | -28.00M | -15.00M | -7.00M | -12.00M | 0.00M |
| Unlevered Free Cash Flow | -3,402.18M | -5,531.90M | -4,012.66M | -4,421.00M | -1,917.03M | -551.87M | 913.50M | 408.10M | -97.05M | 701.40M | -0.07M |
| (-) Net Interest Income After Taxes | 2,110.08M | 1,584.70M | 2,085.26M | 2,112.00M | 1,350.88M | 1,095.46M | 20.15M | 980.96M | 18.85M | 15.60M | 0.00M |
| Net Debt Issuance | 210.00M | 485.00M | 435.00M | 660.00M | 550.00M | 400.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Levered Free Cash Flow | -5,302.26M | -6,631.60M | -5,662.92M | -5,873.00M | -2,717.91M | -1,247.33M | 893.35M | -572.86M | -115.90M | 685.80M | -0.07M |