Page: Company Financials
Turkiye Garanti Bankasi A.S.
$144.50
-1.70 (-1.16%)
As of: 2026-01-15
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Price | 130.63 | 106.83 | 43.05 | 18.89 | 8.88 | 8.52 | 9.82 | 8.66 | 9.76 | 7.85 | 7.76 | 8.26 | 8.23 | 7.77 | 6.93 | 7.55 | 4.69 | 3.01 | 4.91 | 2.67 | 2.23 |
| Market Capitalization | 548,650.64M | 448,659.43M | 180,786.43M | 79,348.66M | 37,270.03M | 35,764.21M | 41,245.51M | 36,361.40M | 40,994.95M | 32,960.46M | 32,581.15M | 34,738.91M | 34,559.71M | 32,576.46M | 29,055.21M | 31,721.57M | 19,668.82M | 8,935.97M | 17,536.24M | 9,517.22M | 7,957.58M |
| (-) Cash & Equivalents | 532,793.05M | 597,803.19M | 398,096.48M | 213,979.14M | 123,316.64M | 48,592.72M | 57,960.28M | 27,986.48M | 30,063.68M | 28,540.31M | 25,873.58M | 16,917.22M | 12,684.81M | 19,768.99M | 10,950.17M | 4,279.39M | 4,057.24M | 2,729.78M | 3,204.70M | 1,959.25M | 1,027.50M |
| (+) Total Debt | 463,198.59M | 298,953.07M | 147,713.74M | 114,674.32M | 70,441.28M | 58,467.51M | 62,263.32M | 45,631.30M | 67,270.36M | 56,171.88M | 54,365.46M | 49,263.41M | 36,049.39M | 53,339.75M | 12,704.85M | 5,202.84M | 4,115.71M | 3,606.23M | 2,908.41M | 2,451.73M | 15.05M |
| Enterprise Value | 479,056.18M | 149,809.31M | -69,596.31M | -19,956.15M | -15,605.33M | 45,639.00M | 45,548.55M | 54,006.23M | 78,201.63M | 60,592.03M | 61,073.03M | 67,085.10M | 57,924.29M | 66,147.21M | 30,809.89M | 32,645.02M | 19,727.29M | 9,812.42M | 17,239.95M | 10,009.69M | 6,945.13M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 947,736M | 614,699M | 701,669M | 346,524M | 177,715M | 85,590M | 53,194M | 52,185M | 48,688M | 32,320M | 27,272M | 22,595M | 20,524M | 17,886M | 17,167M | 15,047M | 13,378M | 14,331M | 12,345M | 10,161M | 7,122M | 5,006M | 4,661M |
| Cost of Revenue | 402,434M | 351,189M | 414,500M | 147,200M | 44,708M | 24,128M | 14,001M | 21,372M | 20,369M | 12,674M | 10,362M | 8,688M | 8,148M | 6,780M | 7,406M | 6,149M | 5,007M | 5,733M | 6,635M | 4,788M | 3,522M | 1,965M | 0M |
| Gross Profit | 545,301M | 263,510M | 287,168M | 199,324M | 133,007M | 61,462M | 39,193M | 30,812M | 28,319M | 19,646M | 16,910M | 13,907M | 12,376M | 11,106M | 9,761M | 8,898M | 8,371M | 8,598M | 5,710M | 5,373M | 3,600M | 3,042M | 4,661M |
| Gross Profit Margin | 57.5% | 42.9% | 40.9% | 57.5% | 74.8% | 71.8% | 73.7% | 59.0% | 58.2% | 60.8% | 62.0% | 61.6% | 60.3% | 62.1% | 56.9% | 59.1% | 62.6% | 60.0% | 46.3% | 52.9% | 50.6% | 60.8% | 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 |
| SG&A Expenses | 3,001M | 1,074M | 3,701M | 1,277M | 473M | 271M | 172M | 183M | 225M | 202M | 191M | 145M | 122M | 124M | 114M | 111M | 131M | 109M | 111M | 108M | 84M | 77M | 0M |
| Operating Expenses | 169,579M | 140,951M | 163,240M | 92,263M | 56,019M | 43,051M | 29,985M | 22,640M | 19,566M | 11,297M | 10,419M | 9,248M | 7,607M | 6,736M | 5,454M | 4,621M | 4,090M | 4,659M | 3,363M | 2,454M | 2,135M | 2,037M | 602M |
| Operating Income (EBIT) | 375,722M | 122,559M | 123,928M | 107,061M | 76,988M | 18,410M | 9,209M | 8,172M | 8,754M | 8,349M | 6,491M | 4,659M | 4,770M | 4,370M | 4,307M | 4,276M | 4,281M | 3,939M | 2,347M | 2,919M | 1,465M | 1,004M | 4,059M |
| Operating Income Margin | 39.6% | 19.9% | 17.7% | 30.9% | 43.3% | 21.5% | 17.3% | 15.7% | 18.0% | 25.8% | 23.8% | 20.6% | 23.2% | 24.4% | 25.1% | 28.4% | 32.0% | 27.5% | 19.0% | 28.7% | 20.6% | 20.1% | 87.1% |
| Interest Income | 521,290M | 467,013M | 540,539M | 233,567M | 132,801M | 60,193M | 39,393M | 42,046M | 41,246M | 28,360M | 22,618M | 18,946M | 16,518M | 13,913M | 13,826M | 11,408M | 6,314M | 7,070M | 7,068M | 5,544M | 3,874M | 2,374M | 0M |
| Interest Expense | 402,434M | 351,189M | 414,500M | 147,200M | 44,708M | 24,128M | 14,001M | 21,372M | 20,369M | 12,674M | 10,362M | 8,688M | 8,148M | 6,780M | 7,406M | 6,149M | 5,007M | 5,733M | 6,635M | 4,788M | 3,522M | 1,965M | 0M |
| Net Interest Income | 118,855M | 115,824M | 126,038M | 86,366M | 88,093M | 36,064M | 25,393M | 20,673M | 20,877M | 15,687M | 12,256M | 10,258M | 8,371M | 7,133M | 6,420M | 5,258M | 1,308M | 1,337M | 432M | 756M | 353M | 409M | 0M |
| Unusual Items | -345,838M | -115,824M | -126,038M | -86,366M | -88,093M | -36,064M | -25,393M | -20,673M | -20,877M | -15,687M | -12,256M | -10,258M | -8,371M | -7,133M | -6,420M | -5,258M | -1,308M | -1,337M | -432M | -756M | -353M | -409M | -3,529M |
| EBT Excluding Unusual Items | 494,578M | 238,383M | 249,967M | 193,428M | 165,080M | 54,475M | 34,601M | 28,846M | 29,631M | 24,036M | 18,747M | 14,918M | 13,141M | 11,503M | 10,727M | 9,535M | 5,589M | 5,276M | 2,779M | 3,675M | 1,818M | 1,414M | 4,059M |
| Pre-Tax Income | 148,740M | 122,559M | 123,928M | 107,061M | 76,988M | 18,410M | 9,209M | 8,172M | 8,754M | 8,349M | 6,491M | 4,659M | 4,770M | 4,370M | 4,307M | 4,276M | 4,281M | 3,939M | 2,347M | 2,919M | 1,465M | 1,004M | 531M |
| Pre-Tax Margin | 15.7% | 19.9% | 17.7% | 30.9% | 43.3% | 21.5% | 17.3% | 15.7% | 18.0% | 25.8% | 23.8% | 20.6% | 23.2% | 24.4% | 25.1% | 28.4% | 32.0% | 27.5% | 19.0% | 28.7% | 20.6% | 20.1% | 11.4% |
| Income Tax Expense | 39,038M | 26,285M | 31,749M | 20,154M | 18,477M | 4,823M | 2,823M | 1,931M | 2,047M | 1,961M | 1,343M | 1,044M | 1,091M | 1,031M | 948M | 931M | 897M | 840M | 456M | 497M | 299M | 253M | 301M |
| Net Income | 108,390M | 95,429M | 91,243M | 86,375M | 58,285M | 13,467M | 6,305M | 6,165M | 6,642M | 6,332M | 5,105M | 3,581M | 3,647M | 3,314M | 3,331M | 3,326M | 3,364M | 3,086M | 1,879M | 2,414M | 1,165M | 749M | 270M |
| Net Income Margin | 11.4% | 15.5% | 13.0% | 24.9% | 32.8% | 15.7% | 11.9% | 11.8% | 13.6% | 19.6% | 18.7% | 15.8% | 17.8% | 18.5% | 19.4% | 22.1% | 25.1% | 21.5% | 15.2% | 23.8% | 16.4% | 15.0% | 5.8% |
| Depreciation & Amortization | 2,412M | 1,486M | 3,707M | 2,246M | 1,242M | 943M | 902M | 868M | 467M | 394M | 341M | 287M | 259M | 241M | 221M | 207M | 205M | 183M | 182M | 182M | 170M | 134M | 218M |
| EBITDA | 378,134M | 124,045M | 127,635M | 109,307M | 78,230M | 19,353M | 10,111M | 9,041M | 9,221M | 8,743M | 6,832M | 4,946M | 5,029M | 4,610M | 4,528M | 4,484M | 4,486M | 4,122M | 2,529M | 3,101M | 1,635M | 1,138M | 4,277M |
| EBITDA Margin | 39.9% | 20.2% | 18.2% | 31.5% | 44.0% | 22.6% | 19.0% | 17.3% | 18.9% | 27.1% | 25.1% | 21.9% | 24.5% | 25.8% | 26.4% | 29.8% | 33.5% | 28.8% | 20.5% | 30.5% | 23.0% | 22.7% | 91.8% |
| NOPAT | 277,112M | 96,274M | 92,179M | 86,907M | 58,510M | 13,588M | 6,385M | 6,241M | 6,707M | 6,388M | 5,148M | 3,615M | 3,679M | 3,339M | 3,359M | 3,346M | 3,385M | 3,100M | 1,891M | 2,422M | 1,167M | 752M | 1,755M |
| NOPAT Margin | 29.2% | 15.7% | 13.1% | 25.1% | 32.9% | 15.9% | 12.0% | 12.0% | 13.8% | 19.8% | 18.9% | 16.0% | 17.9% | 18.7% | 19.6% | 22.2% | 25.3% | 21.6% | 15.3% | 23.8% | 16.4% | 15.0% | 37.7% |
| Owner's Earnings | 95,449M | 90,525M | 85,520M | 83,506M | 57,397M | 13,123M | 5,942M | 6,427M | 5,315M | 5,907M | 4,425M | 3,307M | 3,506M | 3,053M | 3,288M | 3,104M | 3,131M | 2,919M | 1,667M | 2,269M | 1,149M | 412M | 488M |
| Owner's Earnings Margin | 10.1% | 14.7% | 12.2% | 24.1% | 32.3% | 15.3% | 11.2% | 12.3% | 10.9% | 18.3% | 16.2% | 14.6% | 17.1% | 17.1% | 19.2% | 20.6% | 23.4% | 20.4% | 13.5% | 22.3% | 16.1% | 8.2% | 10.5% |
| EPS (Basic) | 25.82 | 17.47 | 21.72 | 20.57 | 13.88 | 3.21 | 1.50 | 1.47 | 1.58 | 1.51 | 1.19 | 0.85 | 0.87 | 0.79 | 0.79 | 0.79 | 0.80 | 0.74 | 0.63 | 1.15 | 0.33 | 0.21 | 0.08 |
| EPS (Diluted) | 25.81 | 22.72 | 21.72 | 20.57 | 13.88 | 3.21 | 1.50 | 1.47 | 1.58 | 1.51 | 1.22 | 0.85 | 0.87 | 0.79 | 0.79 | 0.79 | 0.80 | 0.74 | 0.63 | 0.68 | 0.33 | 0.21 | 0.08 |
| Shares (Basic) | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,198M | 4,202M | 4,201M | 4,195M | 4,200M | 4,200M | 4,198M | 2,974M | 3,564M | 3,568M | 3,564M | 3,564M |
| Shares (Diluted) | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,200M | 4,198M | 4,202M | 4,201M | 4,195M | 4,201M | 4,200M | 4,198M | 2,974M | 3,564M | 3,568M | 3,564M | 3,568M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 0.00M | 804,779.88M | 591,842.16M | 524,306.45M | 198,965.40M | 216,797.76M | 61,358.03M | 48,686.98M | 51,128.25M | 26,837.26M | 25,438.62M | 21,314.62M | 18,540.84M | 18,791.29M | 13,464.97M | 25,028.97M | 17,117.56M | 16,228.98M | 10,919.12M | 12,818.81M | 7,837.01M | 4,109.99M |
| Short-Term Investments | 0.00M | 0.00M | 0.00M | -137,023.67M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 245.28M | 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 | 0.00M | 804,779.88M | 591,842.16M | 387,282.78M | 198,965.40M | 216,797.76M | 61,358.03M | 48,686.98M | 51,128.25M | 26,837.26M | 25,683.90M | 21,314.62M | 18,540.84M | 18,791.29M | 13,464.97M | 25,028.97M | 17,117.56M | 16,228.98M | 10,919.12M | 12,818.81M | 7,837.01M | 4,109.99M |
| Net Receivables | 0.00M | 70,702.87M | 57,810.69M | 0.00M | 24,279.40M | 11,290.83M | 2,926.57M | 2,430.16M | 0.00M | 3,379.77M | 2,851.22M | 2,883.61M | 2,958.95M | 1,994.73M | 1,834.33M | 1,249.49M | 1,451.58M | 855.66M | 651.80M | 494.40M | 402.60M | 0.00M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -213,221.71M | 0.00M | 0.00M | -67,564.82M | -45,421.53M | -29,638.17M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Current Assets | 0.00M | 0.00M | 0.00M | 413,025.08M | 0.00M | 0.00M | 0.00M | 0.00M | 67,564.82M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 7,930.72M | 0.00M |
| Total Current Assets | 0.00M | 875,482.75M | 649,652.84M | 800,307.86M | 223,244.79M | 14,866.89M | 64,284.60M | 51,117.14M | 51,128.25M | -15,204.51M | -1,103.05M | 24,198.22M | 21,499.79M | 20,786.02M | 15,299.30M | 26,278.45M | 18,569.14M | 17,084.64M | 11,570.92M | 13,313.21M | 16,170.33M | 4,109.99M |
| Property, Plant & Equipment | 42,797.85M | 42,350.37M | 36,678.85M | 21,952.98M | 11,788.01M | 6,106.32M | 5,960.07M | 5,528.30M | 4,494.92M | 4,096.65M | 5,210.74M | 3,412.89M | 1,550.36M | 1,577.27M | 1,318.34M | 1,426.13M | 1,373.42M | 1,290.25M | 1,207.02M | 1,029.66M | 977.29M | 1,112.06M |
| Goodwill | 6.39M | 6.39M | 6.39M | 6.39M | 6.39M | 32.95M | 32.95M | 32.95M | 6.39M | 6.39M | 0.00M | 6.39M | 6.39M | 6.39M | 6.39M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Intangible Assets | 7,281.13M | 6,584.28M | 4,358.07M | 2,541.86M | 1,256.63M | 965.64M | 618.03M | 464.82M | 409.68M | 372.92M | 32.95M | 247.24M | 230.96M | 97.64M | 76.32M | 84.25M | 55.81M | 46.95M | 37.48M | 119.49M | 87.27M | 0.00M |
| Long-Term Investments | 0.00M | 2,216,023.94M | 314,455.25M | 347,698.64M | 221,012.52M | 121,628.68M | 83,188.25M | 64,736.58M | 56,603.40M | 54,293.49M | 52,499.63M | 49,054.19M | 46,383.86M | 41,013.83M | 41,236.96M | 38,196.25M | 41,626.42M | 38,571.10M | 27,533.61M | 18,954.88M | 16,050.39M | 32,595.82M |
| Tax Assets | 20,102.35M | 24,080.38M | 20,728.05M | 0.00M | 7,105.39M | 4,460.64M | 3,647.73M | 1,894.44M | 1,532.92M | 1,370.75M | 53,709.43M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 33,779.46M |
| Other Non-Current Assets | -70,187.72M | 603,747.20M | 1,934,985.56M | 1,416,488.15M | -7,105.39M | -4,460.64M | -3,647.73M | -1,894.44M | -1,532.92M | -1,370.75M | -55,726.37M | -52,720.71M | -48,171.57M | -42,695.12M | -42,638.00M | -39,706.62M | -43,055.65M | -39,908.30M | -28,778.12M | -20,104.03M | -17,114.95M | 0.00M |
| Other Assets | 4,207,080.70M | 0.00M | 2,515,644.85M | -387,282.78M | 846,270.14M | 499,684.30M | 386,865.48M | 306,692.22M | 270,478.30M | 267,345.19M | 224,057.04M | 202,728.24M | 177,379.73M | 158,001.14M | 121,842.07M | 97,490.25M | 75,159.43M | 59,341.53M | 58,689.38M | 42,731.26M | 31,765.26M | 3,412.31M |
| Total Non-Current Assets | 4,207,080.70M | 2,892,792.56M | 4,826,857.02M | 1,401,405.24M | 1,080,333.69M | 628,417.89M | 476,664.78M | 377,454.87M | 331,992.70M | 326,114.64M | 279,783.41M | 202,728.24M | 177,379.73M | 158,001.14M | 121,842.07M | 97,490.25M | 75,159.43M | 59,341.53M | 58,689.38M | 42,731.26M | 31,765.26M | 70,899.65M |
| Total Assets | 4,207,080.70M | 3,768,275.31M | 5,476,509.86M | 2,201,713.10M | 1,303,578.48M | 643,284.78M | 540,949.38M | 428,572.01M | 383,120.95M | 310,910.13M | 278,680.35M | 226,926.47M | 198,879.52M | 178,787.16M | 137,141.37M | 123,768.70M | 93,728.58M | 76,426.17M | 70,260.30M | 56,044.47M | 47,935.59M | 75,009.64M |
| Accounts Payable | 0.00M | 128,554.59M | 110,694.24M | 65,258.31M | 37,445.27M | 21,414.44M | 13,433.13M | 10,091.23M | 3,840.26M | 9,034.14M | 7,874.53M | 6,943.87M | 5,931.18M | 4,933.99M | 3,949.47M | 3,305.99M | 2,815.15M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Short-Term Debt | 350,940.74M | 316,055.91M | 197,608.16M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | 26,006.86M | 18,779.67M | 11,700.58M | 8,050.33M | 2,972.92M | 2,296.35M | 1,251.98M | 646.88M | 1,148.80M | 485.05M | 699.59M | 707.16M | 366.80M | 584.83M | 288.72M | 428.04M | 386.32M | 394.64M | 220.71M | 200.31M | 0.00M |
| Deferred Revenue | 0.00M | 0.00M | 0.00M | 0.00M | -35,846.72M | 317.52M | 466.11M | 303.57M | 290.18M | 0.00M | 127.05M | 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 | -350,940.74M | 2,361,129.20M | 1,397,825.47M | 907,066.57M | -56,596.78M | -29,770.82M | -19,286.67M | -14,395.61M | -4,262.70M | -14,677.63M | -12,988.35M | -13,220.75M | -10,092.97M | -9,050.98M | -7,337.54M | -5,873.05M | -4,479.57M | -5,067.20M | -4,176.30M | -3,895.41M | -2,514.51M | -2,207.99M |
| Total Current Liabilities | 0.00M | 2,831,746.56M | 1,724,907.53M | 984,025.46M | -46,947.90M | -5,065.95M | -3,091.08M | -2,748.83M | 514.61M | -4,494.70M | -4,501.73M | -5,577.29M | -3,454.62M | -3,750.20M | -2,803.24M | -2,278.34M | -1,236.39M | -4,680.88M | -3,781.66M | -3,674.70M | -2,314.20M | -2,207.99M |
| Long-Term Debt | 200,937.90M | 343,484.74M | 191,838.22M | 0.00M | 63,994.34M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 38,433.54M | 34,048.70M | 28,926.99M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 5,775.19M | 60.21M |
| Capital Lease Obligations | 0.00M | 0.00M | 0.00M | 1,625.87M | 1,032.79M | 774.64M | 819.48M | 879.41M | 0.00M | 111.95M | 93.17M | 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 | 206.06M | 0.00M | 0.00M | 0.00M | 197.83M | 404.43M | 174.21M | 73.10M | 49.98M | 39.83M | 298.81M | 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 | -205,078.42M | 293,355.44M | 2,479,332.55M | 922,224.74M | -63,994.34M | 0.00M | 0.00M | -879.41M | 0.00M | -111.95M | 0.00M | -38,433.54M | -34,048.70M | -28,926.99M | 0.00M | -117.59M | -45.57M | 0.00M | 0.00M | 0.00M | -5,775.19M | -60.21M |
| Total Non-Current Liabilities | -3,934.46M | 636,840.19M | 2,671,170.76M | 923,850.62M | 1,230.62M | 1,179.07M | 993.69M | 73.10M | 49.98M | 39.83M | 391.98M | 0.00M | 0.00M | 0.00M | 0.00M | -117.59M | -45.57M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Liabilities | -3,934.46M | 3,468,586.75M | 4,396,078.29M | 1,907,876.08M | -45,717.29M | -3,886.88M | -2,097.39M | -2,675.73M | 564.58M | -4,454.87M | -4,109.74M | -5,577.29M | -3,454.62M | -3,750.20M | -2,803.24M | -2,395.93M | -1,281.96M | -4,680.88M | -3,781.66M | -3,674.70M | -2,314.20M | -2,207.99M |
| 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 | 0.00M | 0.00M |
| Common Stock | 4,200.00M | 4,200.00M | 4,200.00M | 4,200.00M | 4,200.00M | 4,200.00M | 4,200.00M | 4,200.00M | 4,200.00M | 4,200.00M | 5,146.37M | 4,200.00M | 4,200.00M | 4,200.00M | 4,196.93M | 4,198.64M | 4,200.00M | 4,200.00M | 4,200.00M | 2,100.00M | 2,100.00M | 0.00M |
| Retained Earnings | 83,543.16M | 53,009.84M | 91,279.43M | 200,964.03M | 59,396.70M | 12,952.19M | 6,513.37M | 6,164.91M | 6,641.65M | 6,332.06M | 28,150.52M | 3,580.90M | 3,653.07M | 3,381.09M | 3,334.08M | 3,326.30M | 3,381.11M | 3,085.72M | 1,879.38M | 2,413.78M | 1,165.31M | 0.00M |
| Accumulated OCI | 292,832.73M | 291,023.09M | 234,297.14M | 39,525.28M | 89,030.81M | 11,592.56M | 6,897.75M | 4,986.13M | 4,037.63M | 3,622.31M | 2,861.38M | 1,960.77M | 797.25M | 224.46M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Minority Interest | 2,165.75M | 1,776.89M | 1,620.17M | 920.33M | 484.74M | 319.52M | 247.68M | 273.91M | 197.55M | 322.15M | 267.81M | 226.62M | 193.73M | 162.82M | 140.52M | 112.53M | 97.38M | 49.02M | 35.13M | 23.33M | 7.77M | 42.02M |
| Total Shareholders’ Equity | 380,575.89M | 348,232.93M | 329,776.57M | 244,689.31M | 152,627.51M | 28,744.75M | 17,611.12M | 15,351.04M | 14,879.28M | 14,154.36M | 36,158.27M | 9,741.67M | 8,650.32M | 7,805.55M | 7,531.01M | 7,524.94M | 7,581.11M | 7,285.72M | 6,079.38M | 4,513.78M | 3,265.31M | 0.00M |
| Total Equity | 382,741.63M | 350,009.82M | 331,396.74M | 245,609.64M | 153,112.24M | 29,064.26M | 17,858.80M | 15,624.95M | 15,076.83M | 14,476.51M | 36,426.08M | 9,968.28M | 8,844.05M | 7,968.37M | 7,671.54M | 7,637.47M | 7,678.50M | 7,334.74M | 6,114.50M | 4,537.11M | 3,273.08M | 42.02M |
| Total Liabilities & Equity | 378,807.18M | 3,818,596.57M | 4,727,475.03M | 2,153,485.72M | 107,394.96M | 25,177.38M | 15,761.41M | 12,949.22M | 15,641.41M | 10,021.64M | 32,316.33M | 4,390.99M | 5,389.43M | 4,218.17M | 4,868.30M | 5,241.54M | 6,396.54M | 2,653.86M | 2,332.85M | 862.41M | 958.88M | -2,165.97M |
| Tangible Assets | 4,199,793.19M | 3,761,684.64M | 5,472,145.40M | 2,199,164.85M | 1,302,315.46M | 642,286.18M | 540,298.41M | 428,074.24M | 382,704.88M | 310,530.83M | 278,647.41M | 226,672.84M | 198,642.17M | 178,683.13M | 137,058.66M | 123,684.45M | 93,672.77M | 76,379.22M | 70,222.82M | 55,924.98M | 47,848.32M | 75,009.64M |
| Tangible Equity | 375,454.12M | 343,419.15M | 327,032.28M | 243,061.39M | 151,849.22M | 28,065.67M | 17,207.83M | 15,127.18M | 14,660.76M | 14,097.20M | 36,393.13M | 9,714.65M | 8,606.70M | 7,864.34M | 7,588.83M | 7,553.22M | 7,622.69M | 7,287.79M | 6,077.02M | 4,417.63M | 3,185.81M | 42.02M |
| Tangible Book Value | 375,454.12M | 343,419.15M | 327,032.28M | 243,061.39M | 151,849.22M | 28,065.67M | 17,207.83M | 15,127.18M | 14,660.76M | 14,097.20M | 36,393.13M | 9,714.65M | 8,606.70M | 7,864.34M | 7,588.83M | 7,553.22M | 7,622.69M | 7,287.79M | 6,077.02M | 4,417.63M | 3,185.81M | 42.02M |
| Total Investments | 0.00M | 2,216,023.94M | 314,455.25M | 177,018.77M | 221,012.52M | 121,628.68M | 83,188.25M | 64,736.58M | 56,603.40M | 54,293.49M | 51,718.10M | 49,054.19M | 46,383.86M | 41,013.83M | 41,236.96M | 38,196.25M | 41,626.42M | 38,571.10M | 27,533.61M | 18,954.88M | 16,050.39M | 32,595.82M |
| Net Debt | 551,878.64M | -145,239.23M | -202,395.79M | -524,306.45M | -134,971.05M | -216,797.76M | -61,358.03M | -48,686.98M | -51,128.25M | -26,837.26M | -25,438.62M | 17,118.93M | 15,507.86M | 10,135.70M | -13,464.97M | -25,028.97M | -17,117.56M | -16,228.98M | -10,919.12M | -12,818.81M | -2,061.83M | -4,049.78M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital | 0.0M | -1,876,822.8M | -1,014,760.6M | -197,899.8M | 185,799.5M | 199,599.9M | 50,851.5M | 41,025.9M | 56,204.4M | -74,753.7M | 20,660.6M | 24,108.5M | 15,568.6M | 15,852.0M | 11,349.8M | 22,907.3M | 18,569.1M | 17,084.6M | 11,570.9M | 13,313.2M | 8,418.2M | 4,110.0M |
| Total Capital | 966,040.5M | 867,968.8M | 658,132.7M | 449,560.2M | 257,108.5M | 176,099.0M | 120,425.6M | 107,215.8M | 113,049.8M | 111,346.7M | 101,059.8M | 86,008.4M | 78,801.0M | 67,777.4M | 53,486.7M | 46,826.9M | 37,432.2M | 30,099.6M | 24,132.4M | 18,736.0M | 14,623.5M | 3,915.9M |
| Capital Employed | 4,207,080.7M | 1,015,969.8M | 1,296,451.5M | 1,203,505.4M | 1,266,133.2M | 827,982.9M | 527,479.7M | 418,462.9M | 388,197.1M | 251,361.0M | 300,444.0M | 279,557.4M | 241,119.9M | 216,548.3M | 175,829.9M | 160,104.2M | 136,784.2M | 116,334.5M | 99,038.4M | 76,148.5M | 57,298.4M | 41,301.8M |
| Invested Capital | 966,040.5M | 63,188.9M | 66,290.5M | -74,746.2M | 58,143.1M | -40,698.8M | 59,067.6M | 58,528.9M | 61,921.5M | 84,509.4M | 75,621.1M | 64,693.8M | 60,260.2M | 48,986.2M | 40,021.8M | 21,797.9M | 20,314.7M | 13,870.6M | 13,213.3M | 5,917.2M | 6,786.5M | -194.1M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 30,478.25M | 0.00M | 0.00M | 0.00M | 58,285.38M | 13,457.78M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 3,326.30M | 3,381.11M | 3,085.72M | 1,879.38M | 2,413.78M | 1,165.31M | 1,004.45M |
| Depreciation & Amortization | 0.00M | 0.00M | 0.00M | 0.00M | 1,241.78M | 962.71M | 0.00M | 0.00M | 0.00M | 0.00M | 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 Income Tax | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| 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 |
| Change in Working Capital | 31,128.75M | 0.00M | 0.00M | 0.00M | 6,794.07M | -2,868.27M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 857.79M |
| Accounts Receivable | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 |
| Accounts Payable | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Working Capital | 31,128.75M | 0.00M | 0.00M | 0.00M | 6,794.07M | -2,868.27M | 0.00M | 0.00M | 0.00M | 0.00M | 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-Cash Items | -137,530.63M | -52,553.26M | -145,823.08M | 191,281.03M | -20,556.74M | 20,752.90M | 293.01M | 14,438.97M | 15,291.46M | -4,872.59M | 2,253.92M | 2,611.06M | 1,912.32M | 175.31M | -2,487.44M | -8,893.02M | -3,032.62M | 7,914.28M | 7,880.55M | 1,044.35M | 2,140.83M | 698.75M |
| Net Cash from Operating Activities | -75,923.63M | -52,553.26M | -145,823.08M | 191,281.03M | 45,764.48M | 32,305.12M | 293.01M | 14,438.97M | 15,291.46M | -4,872.59M | 2,253.92M | 2,611.06M | 1,912.32M | 175.31M | -2,487.44M | -5,566.72M | 348.49M | 10,999.99M | 9,759.92M | 3,458.13M | 3,306.15M | 2,560.99M |
| Capital Expenditures (PPE) | -15,352.74M | -6,389.82M | -9,430.33M | -5,114.98M | -2,129.91M | -1,286.28M | -1,265.04M | -606.79M | -1,794.00M | -819.19M | -1,020.77M | -561.31M | -401.10M | -502.52M | -264.33M | -429.34M | -437.40M | -349.93M | -394.93M | -327.18M | -186.18M | -470.99M |
| Acquisitions (Net) | -163.14M | -1,365.02M | -848.00M | -523.27M | -190.82M | 975.40M | -6.92M | 0.00M | 0.00M | 1.36M | 135.17M | 0.00M | -0.15M | -10.54M | -1.21M | 171.00M | -0.06M | -2.66M | 0.00M | -1.09M | 34.94M | 944.14M |
| Purchases of Investments | -270,279.70M | -174,906.61M | -178,232.12M | -146,151.78M | -89,483.83M | -35,149.99M | -29,667.30M | -8,565.67M | -18,443.96M | -11,161.37M | -10,205.14M | -11,484.23M | -23,138.56M | -23,753.55M | -13,229.57M | -15,115.44M | -20,396.52M | -19,769.25M | -12,369.98M | -9,275.61M | -4,921.42M | -3,171.09M |
| Sales / Maturities of Investments | 219,468.38M | 110,468.18M | 139,626.68M | 69,166.29M | 36,248.87M | 23,362.36M | 18,623.37M | 7,237.94M | 22,847.72M | 10,638.67M | 12,043.78M | 9,588.00M | 19,095.08M | 21,974.62M | 11,151.27M | 18,359.56M | 18,213.72M | 11,347.37M | 5,246.33M | 6,520.17M | 1,818.87M | 1,286.90M |
| Other Investing Activities | -327,964.91M | 2,301.58M | 2,036.49M | 861.37M | 304.44M | -307.45M | 596.90M | 384.20M | 1,206.27M | 293.29M | 196.11M | 129.50M | 97.60M | 98.92M | 139.06M | 161.69M | 110.42M | 26.21M | 166.53M | 57.81M | 448.13M | 125.10M |
| Net Cash from Investing Activities | -394,292.10M | -69,891.68M | -46,847.28M | -81,762.37M | -55,251.24M | -12,405.97M | -11,718.98M | -1,550.31M | 3,816.03M | -1,047.23M | 1,149.15M | -2,328.04M | -4,347.13M | -2,193.07M | -2,204.78M | 3,147.48M | -2,509.84M | -8,748.26M | -7,352.05M | -3,025.92M | -2,805.66M | -1,285.94M |
| Net Debt Issuance | 191,206.24M | 79,254.03M | 110,147.69M | 20,105.02M | 27,519.24M | 30,283.22M | 14,237.73M | -3,741.36M | 4,145.61M | 5,834.35M | 188.57M | 1,032.15M | 3,574.95M | 4,668.30M | 2,473.05M | 3,603.98M | 0.00M | 0.00M | 4,918.66M | 0.00M | 0.00M | 0.00M |
| Long-Term Debt Issuance | 181,752.01M | 79,254.03M | 110,147.69M | 20,105.02M | 27,519.24M | 30,283.22M | 14,237.73M | -3,741.36M | 4,145.61M | 5,834.35M | 188.57M | 1,032.15M | 3,574.95M | 4,668.30M | 2,473.05M | 3,603.98M | 0.00M | 0.00M | 2,659.57M | 0.00M | 0.00M | 0.00M |
| Short-Term Debt Issuance | 9,454.23M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 2,259.09M | 0.00M | 0.00M | 0.00M |
| Net 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 | 2,111.88M | 0.00M | 0.00M | 0.00M |
| 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 | 2,111.88M | 0.00M | 0.00M | 0.00M |
| Common Stock Repurchased | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 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 | 0.00M | 0.00M |
| Net Dividends Paid | -18,963.03M | -13,341.15M | -13,341.15M | -8,776.37M | -1,307.33M | -623.80M | 0.00M | -0.68M | -1,931.52M | -1,251.50M | -568.21M | -568.35M | -425.19M | -597.54M | -600.00M | -570.00M | -350.00M | -275.00M | 0.00M | -219.47M | -178.58M | 0.00M |
| Common Dividends Paid | -18,963.03M | -13,341.15M | -13,341.15M | -8,776.37M | -1,307.33M | -623.80M | 0.00M | -0.68M | -1,931.52M | -1,251.50M | -568.21M | -568.35M | -425.19M | -597.54M | -600.00M | -570.00M | -350.00M | -275.00M | 0.00M | -219.47M | -178.58M | 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 | 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 | 362,797.84M | -1,273.79M | -1,539.91M | -882.42M | -542.40M | -321.40M | -515.84M | -310.13M | 0.00M | 0.00M | 0.00M | -0.09M | -0.07M | -1.33M | -0.10M | -0.36M | -4.48M | -0.15M | -6,352.98M | -0.34M | -36.24M | -2.64M |
| Net Cash from Financing Activities | 535,041.04M | 64,639.09M | 95,266.63M | 10,446.23M | 25,669.51M | 29,338.02M | 13,721.89M | -4,052.17M | 2,214.09M | 4,582.85M | -379.64M | 463.71M | 3,149.69M | 4,069.42M | 1,872.95M | 3,033.63M | -354.48M | -275.15M | 677.56M | -219.81M | -214.81M | -2.64M |
| Effect of FX on Cash | 21,997.21M | 10,913.33M | 6,962.62M | 23,957.31M | 10,819.46M | 20,461.39M | 2,461.35M | 1,472.40M | 1,423.51M | 597.34M | 928.13M | 994.09M | 500.78M | 905.53M | -429.29M | 1,565.19M | 117.40M | 171.75M | -233.27M | -46.58M | -71.85M | 0.00M |
| Net Change in Cash | 84,236.14M | -46,892.52M | -90,441.11M | 143,922.19M | 27,002.21M | 69,698.57M | 4,757.26M | 10,308.89M | 22,745.09M | -739.63M | 3,951.56M | 1,740.82M | 1,215.66M | 2,957.19M | -3,248.56M | 2,179.57M | -2,398.44M | 2,148.34M | 2,852.17M | 165.82M | 213.82M | 1,272.41M |
| Cash at Beginning of Period | 859,863.30M | 1,062,863.24M | 293,386.73M | 149,464.54M | 122,462.32M | 52,763.76M | 48,006.49M | 37,697.60M | 14,952.51M | 15,692.14M | 11,740.58M | 9,999.76M | 8,784.10M | 5,826.91M | 9,075.47M | 6,895.90M | 9,294.33M | 7,145.99M | 4,293.82M | 4,149.37M | 3,935.55M | 2,837.58M |
| Cash at End of Period | 944,099.44M | 1,015,970.72M | 202,945.62M | 293,386.73M | 149,464.54M | 122,462.32M | 52,763.76M | 48,006.49M | 37,697.60M | 14,952.51M | 15,692.14M | 11,740.58M | 9,999.76M | 8,784.10M | 5,826.91M | 9,075.47M | 6,895.90M | 9,294.33M | 7,145.99M | 4,315.19M | 4,149.37M | 4,109.99M |
| Operating Cash Flow | 33,520.89M | -52,553.26M | -145,823.08M | 191,281.03M | 45,764.48M | 32,305.12M | 293.01M | 14,438.97M | 15,291.46M | -4,872.59M | 2,253.92M | 2,611.06M | 1,912.32M | 175.31M | -2,487.44M | -5,566.72M | 348.49M | 10,999.99M | 9,759.92M | 3,458.13M | 3,306.15M | 2,560.99M |
| Capital Expenditure | -15,352.74M | -6,389.82M | -9,430.33M | -5,114.98M | -2,129.91M | -1,286.28M | -1,265.04M | -606.79M | -1,794.00M | -819.19M | -1,020.77M | -561.31M | -401.10M | -502.52M | -264.33M | -429.34M | -437.40M | -349.93M | -394.93M | -327.18M | -186.18M | -470.99M |
| Free Cash Flow | 18,168.16M | -58,943.08M | -155,253.41M | 186,166.05M | 43,634.58M | 31,018.84M | -972.03M | 13,832.19M | 13,497.46M | -5,691.78M | 1,233.16M | 2,049.75M | 1,511.22M | -327.21M | -2,751.77M | -5,996.06M | -88.91M | 10,650.07M | 9,365.00M | 3,130.95M | 3,119.97M | 2,090.01M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 544,712.53M | 263,922.37M | 287,174.69M | 200,292.82M | 133,775.84M | 62,133.58M | 39,923.18M | 31,497.38M | 28,561.01M | 19,837.63M | 17,060.12M | 14,049.25M | 12,514.14M | 11,222.77M | 9,867.94M | 8,994.20M | 8,444.64M | 8,672.34M | 5,781.35M | 5,447.27M | 3,686.37M | 3,098.78M |
| (-) Tax Adjustment | 142,962.83M | 56,603.71M | 73,571.57M | 37,704.62M | 32,106.87M | 16,276.92M | 12,240.78M | 7,441.95M | 6,679.28M | 4,660.29M | 3,530.30M | 3,148.99M | 2,861.96M | 2,647.77M | 2,171.97M | 1,957.26M | 1,768.38M | 1,848.68M | 1,122.38M | 927.78M | 751.18M | 779.66M |
| (-) Change In Working Capital | 31,128.75M | 0.00M | 0.00M | 0.00M | 6,794.07M | -2,868.27M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 857.79M |
| (-) Capital Expenditure | -15,352.74M | -6,389.82M | -9,430.33M | -5,114.98M | -2,129.91M | -1,286.28M | -1,265.04M | -606.79M | -1,794.00M | -819.19M | -1,020.77M | -561.31M | -401.10M | -502.52M | -264.33M | -429.34M | -437.40M | -349.93M | -394.93M | -327.18M | -186.18M | -470.99M |
| Unlevered Free Cash Flow | 355,268.21M | 200,928.85M | 204,172.79M | 157,473.22M | 92,744.99M | 47,438.65M | 26,417.36M | 23,448.64M | 20,087.74M | 14,358.16M | 12,509.06M | 10,338.95M | 9,251.08M | 8,072.48M | 7,431.64M | 6,607.60M | 6,238.86M | 6,473.73M | 4,264.05M | 4,192.31M | 2,749.01M | 990.33M |
| (-) Net Interest Income After Taxes | 87,660.95M | 90,982.89M | 93,748.57M | 70,108.18M | 66,949.96M | 26,616.73M | 17,606.99M | 15,788.87M | 15,994.66M | 12,001.46M | 9,719.62M | 7,958.82M | 6,456.44M | 5,450.05M | 5,007.13M | 4,114.15M | 1,033.78M | 1,052.01M | 348.33M | 626.93M | 280.80M | 306.24M |
| Net Debt Issuance | 191,206.24M | 79,254.03M | 110,147.69M | 20,105.02M | 27,519.24M | 30,283.22M | 14,237.73M | -3,741.36M | 4,145.61M | 5,834.35M | 188.57M | 1,032.15M | 3,574.95M | 4,668.30M | 2,473.05M | 3,603.98M | 0.00M | 0.00M | 4,918.66M | 0.00M | 0.00M | 0.00M |
| Levered Free Cash Flow | 458,813.49M | 189,199.98M | 220,571.91M | 107,470.06M | 53,314.28M | 51,105.14M | 23,048.09M | 3,918.41M | 8,238.69M | 8,191.05M | 2,978.01M | 3,412.29M | 6,369.59M | 7,290.73M | 4,897.56M | 6,097.43M | 5,205.08M | 5,421.71M | 8,834.37M | 3,565.38M | 2,468.21M | 684.09M |