Page: Company Financials
Gerdau S.A.
$18.78
+0.16 (0.86%)
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 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Price | 16.26 | 18.54 | 20.42 | 21.23 | 22.66 | 14.15 | 12.75 | 12.19 | 8.96 | 6.37 | 5.51 | 9.69 | 12.61 | 14.57 | 12.77 | 19.40 | 17.12 | 20.18 | 18.57 | 12.97 | 8.24 | 7.27 | 3.65 | 2.61 | 1.60 | 1.88 | 1.38 |
| Market Capitalization | 32,719.44M | 40,626.03M | 35,711.82M | 37,650.91M | 43,611.23M | 25,271.98M | 22,725.31M | 21,763.81M | 16,084.50M | 11,393.26M | 9,770.87M | 17,332.71M | 22,212.31M | 26,038.33M | 21,588.84M | 28,970.36M | 25,107.97M | 29,310.89M | 22,073.22M | 11,151.36M | 9,601.14M | 5,000.70M | 2,511.29M | 1,797.01M | 1,098.53M | 1,297.40M | 941.42M |
| (-) Cash & Equivalents | 8,123.35M | 6,118.63M | 2,764.52M | 4,833.36M | 3,851.21M | 4,166.96M | 2,156.42M | 2,674.62M | 3,649.97M | 4,387.86M | 4,556.32M | 2,605.26M | 1,590.82M | 1,531.40M | 1,254.02M | 1,344.82M | 1,930.93M | 2,101.31M | 1,253.64M | 1,345.90M | 802.34M | 522.89M | 204.94M | 46.45M | 583.33M | 11.21M | 4.50M |
| (+) Total Debt | 18,500.92M | 13,756.18M | 12,589.44M | 13,674.49M | 17,092.92M | 20,385.53M | 16,071.85M | 16,984.87M | 18,712.20M | 21,509.84M | 24,973.23M | 17,865.00M | 15,774.88M | 14,497.25M | 13,337.38M | 14,589.98M | 17,917.09M | 18,511.47M | 12,750.07M | 7,445.40M | 6,642.58M | 6,188.91M | 6,738.35M | 3,349.16M | 3,328.68M | 1,473.42M | 736.84M |
| Enterprise Value | 43,097.02M | 48,263.59M | 45,536.74M | 46,492.04M | 56,852.94M | 41,490.55M | 36,640.74M | 36,074.06M | 31,146.73M | 28,515.24M | 30,187.78M | 32,592.46M | 36,396.37M | 39,004.17M | 33,672.21M | 42,215.52M | 41,094.14M | 45,721.05M | 33,569.65M | 17,250.85M | 15,441.38M | 10,666.72M | 9,044.69M | 5,099.72M | 3,843.87M | 2,759.61M | 1,673.75M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 69,707M | 64,920M | 67,027M | 68,916M | 82,412M | 78,345M | 43,815M | 39,644M | 46,159M | 36,918M | 37,652M | 43,581M | 42,546M | 39,863M | 37,982M | 35,407M | 31,393M | 26,540M | 41,908M | 28,157M | 25,258M | 20,768M | 18,465M | 13,073M | 11,557M | 5,389M | 5,219M | 3,310M | 2,278M |
| Cost of Revenue | 61,568M | 56,104M | 57,823M | 57,584M | 63,661M | 57,528M | 37,884M | 35,441M | 40,010M | 33,313M | 34,188M | 39,291M | 37,406M | 34,728M | 33,234M | 30,298M | 25,873M | 22,107M | 31,019M | 21,157M | 18,719M | 15,327M | 12,852M | 9,941M | 8,317M | 3,812M | 3,556M | 2,032M | 1,474M |
| Gross Profit | 8,139M | 8,816M | 9,203M | 11,332M | 18,751M | 20,817M | 5,931M | 4,203M | 6,149M | 3,605M | 3,464M | 4,291M | 5,140M | 5,135M | 4,748M | 5,109M | 5,520M | 4,433M | 10,889M | 7,000M | 6,539M | 5,441M | 5,613M | 3,132M | 3,240M | 1,577M | 1,664M | 1,278M | 803M |
| Gross Profit Margin | 11.7% | 13.6% | 13.7% | 16.4% | 22.8% | 26.6% | 13.5% | 10.6% | 13.3% | 9.8% | 9.2% | 9.8% | 12.1% | 12.9% | 12.5% | 14.4% | 17.6% | 16.7% | 26.0% | 24.9% | 25.9% | 26.2% | 30.4% | 24.0% | 28.0% | 29.3% | 31.9% | 38.6% | 35.3% |
| R&D Expenses | 0M | 0M | 0M | 0M | 155M | 178M | 188M | 157M | 171M | 149M | 150M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 2,203M | 2,159M | 2,167M | 2,208M | 2,188M | 2,106M | 1,530M | 1,430M | 1,653M | 1,655M | 2,239M | 2,582M | 2,728M | 2,612M | 2,472M | 2,402M | 2,357M | 2,342M | 2,973M | 2,457M | 2,298M | 1,563M | 1,364M | 1,120M | 1,184M | 666M | 634M | 443M | 334M |
| Operating Expenses | 2,722M | 2,085M | 2,859M | 2,228M | 2,151M | 797M | 413M | 981M | 1,698M | 1,563M | 2,111M | 2,485M | 2,640M | 2,434M | 2,408M | 2,230M | 1,875M | 2,254M | 2,884M | 2,489M | 2,298M | 1,582M | 1,288M | 1,120M | 1,184M | 666M | 909M | 641M | 449M |
| Operating Income (EBIT) | 5,417M | 6,731M | 6,344M | 9,104M | 16,600M | 20,020M | 5,518M | 3,222M | 4,452M | 2,041M | 1,353M | 1,805M | 2,500M | 2,700M | 2,340M | 2,879M | 3,645M | 2,179M | 8,005M | 4,512M | 4,241M | 3,859M | 4,325M | 2,011M | 2,056M | 910M | 755M | 637M | 354M |
| Operating Income Margin | 7.8% | 10.4% | 9.5% | 13.2% | 20.1% | 25.6% | 12.6% | 8.1% | 9.6% | 5.5% | 3.6% | 4.1% | 5.9% | 6.8% | 6.2% | 8.1% | 11.6% | 8.2% | 19.1% | 16.0% | 16.8% | 18.6% | 23.4% | 15.4% | 17.8% | 16.9% | 14.5% | 19.3% | 15.5% |
| Interest Income | 599M | 619M | 726M | 63M | 606M | 249M | 194M | 223M | 204M | 227M | 252M | 378M | 276M | 293M | 317M | 456M | 296M | 436M | 484M | 810M | 978M | 431M | 217M | 0M | 0M | 0M | 0M | 0M | 0M |
| Interest Expense | 1,191M | 760M | 797M | 0M | 965M | 1,060M | 1,448M | 938M | 1,579M | 1,323M | 1,541M | 1,472M | 1,178M | 1,053M | 811M | 970M | 1,098M | 1,286M | 1,621M | 1,202M | 932M | 532M | 437M | 0M | 0M | 0M | 0M | 0M | 0M |
| Net Interest Income | -592M | -141M | -71M | 63M | -358M | -811M | -1,254M | -715M | -1,375M | -1,097M | -1,289M | -1,093M | -902M | -760M | -495M | -515M | -802M | -850M | -1,137M | -392M | 46M | -101M | -220M | 0M | 0M | 0M | 0M | 0M | 0M |
| Unusual Items | -795M | -1,001M | -810M | -648M | -382M | 1,064M | -768M | -832M | -919M | -988M | -2,645M | -6,807M | -260M | -487M | -286M | -14M | 117M | -297M | -975M | 651M | 749M | 356M | 469M | -495M | -1,212M | -395M | -298M | -247M | -57M |
| EBT Excluding Unusual Items | 4,825M | 6,590M | 6,273M | 9,167M | 16,241M | 19,209M | 4,264M | 2,507M | 3,076M | 945M | 64M | 712M | 1,598M | 1,940M | 1,845M | 2,364M | 2,842M | 1,329M | 6,868M | 4,120M | 4,287M | 3,758M | 4,105M | 2,011M | 2,056M | 910M | 755M | 637M | 354M |
| Pre-Tax Income | 4,030M | 5,589M | 5,464M | 8,519M | 15,859M | 20,273M | 3,496M | 1,675M | 2,157M | -43M | -2,582M | -6,094M | 1,338M | 1,453M | 1,559M | 2,351M | 2,959M | 1,031M | 5,893M | 4,770M | 5,036M | 4,114M | 4,574M | 1,517M | 844M | 516M | 457M | 391M | 297M |
| Pre-Tax Margin | 5.8% | 8.6% | 8.2% | 12.4% | 19.2% | 25.9% | 8.0% | 4.2% | 4.7% | -0.1% | -6.9% | -14.0% | 3.1% | 3.6% | 4.1% | 6.6% | 9.4% | 3.9% | 14.1% | 16.9% | 19.9% | 19.8% | 24.8% | 11.6% | 7.3% | 9.6% | 8.7% | 11.8% | 13.1% |
| Income Tax Expense | 995M | 971M | 865M | 1,810M | 4,379M | 4,714M | 1,108M | 458M | -169M | 295M | 304M | -1,498M | -150M | -241M | 63M | 253M | 502M | 27M | 948M | 944M | 936M | 1,086M | 1,080M | -98M | 23M | 127M | 89M | 38M | 63M |
| Net Income | 3,001M | 4,828M | 4,566M | 7,502M | 11,426M | 15,494M | 2,366M | 1,217M | 2,326M | -339M | -2,886M | -4,596M | 1,403M | 1,584M | 1,426M | 2,006M | 2,142M | 1,122M | 3,941M | 2,878M | 3,228M | 2,609M | 3,077M | 1,472M | 821M | 389M | 368M | 353M | 234M |
| Net Income Margin | 4.3% | 7.4% | 6.8% | 10.9% | 13.9% | 19.8% | 5.4% | 3.1% | 5.0% | -0.9% | -7.7% | -10.5% | 3.3% | 4.0% | 3.8% | 5.7% | 6.8% | 4.2% | 9.4% | 10.2% | 12.8% | 12.6% | 16.7% | 11.3% | 7.1% | 7.2% | 7.0% | 10.7% | 10.3% |
| Depreciation & Amortization | 3,581M | 3,084M | 3,126M | 3,047M | 2,867M | 2,659M | 2,499M | 2,074M | 1,892M | 2,093M | 2,536M | 2,608M | 2,227M | 2,030M | 1,827M | 1,772M | 1,893M | 1,745M | 1,896M | 1,226M | 1,075M | 705M | 715M | 526M | 633M | 316M | 275M | 198M | 115M |
| EBITDA | 8,998M | 9,815M | 9,470M | 12,151M | 19,466M | 22,678M | 8,017M | 5,296M | 6,343M | 4,134M | 3,889M | 4,413M | 4,727M | 4,730M | 4,167M | 4,651M | 5,538M | 3,924M | 9,901M | 5,737M | 5,316M | 4,564M | 5,040M | 2,538M | 2,689M | 1,226M | 1,029M | 835M | 469M |
| EBITDA Margin | 12.9% | 15.1% | 14.1% | 17.6% | 23.6% | 28.9% | 18.3% | 13.4% | 13.7% | 11.2% | 10.3% | 10.1% | 11.1% | 11.9% | 11.0% | 13.1% | 17.6% | 14.8% | 23.6% | 20.4% | 21.0% | 22.0% | 27.3% | 19.4% | 23.3% | 22.7% | 19.7% | 25.2% | 20.6% |
| NOPAT | 4,080M | 5,562M | 5,340M | 7,170M | 12,016M | 15,365M | 3,770M | 2,341M | 4,800M | 1,613M | 1,069M | 1,426M | 2,781M | 3,149M | 2,245M | 2,569M | 3,026M | 2,122M | 6,717M | 3,619M | 3,453M | 2,840M | 3,303M | 2,142M | 1,999M | 686M | 608M | 576M | 279M |
| NOPAT Margin | 5.9% | 8.6% | 8.0% | 10.4% | 14.6% | 19.6% | 8.6% | 5.9% | 10.4% | 4.4% | 2.8% | 3.3% | 6.5% | 7.9% | 5.9% | 7.3% | 9.6% | 8.0% | 16.0% | 12.9% | 13.7% | 13.7% | 17.9% | 16.4% | 17.3% | 12.7% | 11.6% | 17.4% | 12.2% |
| Owner's Earnings | -665M | 2,343M | 1,746M | 5,212M | 9,811M | 14,960M | 3,060M | 1,444M | 2,956M | 843M | -1,728M | -4,439M | 1,222M | 857M | -31M | 1,675M | 2,652M | 1,490M | 3,096M | 1,738M | 2,091M | 1,686M | 2,620M | 1,139M | 796M | 138M | 126M | -6M | -68M |
| Owner's Earnings Margin | -1.0% | 3.6% | 2.6% | 7.6% | 11.9% | 19.1% | 7.0% | 3.6% | 6.4% | 2.3% | -4.6% | -10.2% | 2.9% | 2.1% | -0.1% | 4.7% | 8.4% | 5.6% | 7.4% | 6.2% | 8.3% | 8.1% | 14.2% | 8.7% | 6.9% | 2.6% | 2.4% | -0.2% | -3.0% |
| EPS (Basic) | 1.49 | 2.19 | 2.18 | 3.57 | 6.44 | 8.66 | 1.32 | 0.68 | 1.31 | -0.19 | -1.61 | -2.60 | 0.78 | 0.89 | 0.80 | 1.16 | 1.43 | 0.75 | 2.70 | 2.55 | 2.32 | 1.87 | 2.20 | 2.15 | 1.20 | 0.57 | 0.54 | 0.52 | 0.34 |
| EPS (Diluted) | 1.48 | 2.27 | 2.18 | 3.56 | 6.40 | 8.61 | 1.32 | 0.68 | 1.31 | -0.19 | -1.61 | -2.60 | 0.78 | 0.89 | 0.80 | 1.16 | 1.43 | 0.75 | 2.70 | 2.05 | 2.29 | 1.86 | 2.20 | 2.15 | 1.20 | 0.57 | 0.54 | 0.52 | 0.34 |
| Shares (Basic) | 2,019M | 2,118M | 2,090M | 2,099M | 1,775M | 1,790M | 1,786M | 1,782M | 1,781M | 1,794M | 1,790M | 1,771M | 1,790M | 1,788M | 1,785M | 1,725M | 1,497M | 1,491M | 1,462M | 1,391M | 1,394M | 1,394M | 1,395M | 684M | 684M | 680M | 680M | 679M | 694M |
| Shares (Diluted) | 2,026M | 2,128M | 2,099M | 2,110M | 1,785M | 1,799M | 1,797M | 1,795M | 1,781M | 1,795M | 1,794M | 1,771M | 1,790M | 1,789M | 1,785M | 1,727M | 1,497M | 1,491M | 1,462M | 1,404M | 1,409M | 1,402M | 1,399M | 684M | 684M | 680M | 680M | 679M | 694M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 9,389.57M | 8,500.93M | 7,767.81M | 3,005.65M | 2,475.86M | 4,160.65M | 4,617.20M | 2,641.65M | 2,890.14M | 2,555.34M | 5,063.38M | 5,648.08M | 3,049.97M | 2,099.22M | 1,437.24M | 1,476.60M | 1,061.03M | 2,091.94M | 2,026.61M | 2,025.39M | 1,035.32M | 1,243.09M | 661.23M | 266.89M | 143.21M | 64.63M | 24.24M | 18.01M | 13.17M |
| Short-Term Investments | 484.01M | 472.92M | 509.03M | 2,338.10M | 2,959.14M | 2,626.21M | 3,041.14M | 3,652.95M | 459.47M | 821.52M | 1,024.41M | 1,270.76M | 2,798.83M | 2,123.17M | 1,059.61M | 3,095.50M | 1,115.46M | 2,677.71M | 3,386.64M | 3,129.41M | 4,763.27M | 4,112.90M | 1,074.40M | 681.30M | 1,301.76M | 710.77M | 566.34M | 676.85M | 409.46M |
| Cash & Short-Term Investments | 9,873.58M | 8,973.85M | 8,276.84M | 5,343.74M | 5,435.00M | 6,786.87M | 7,658.35M | 6,294.60M | 3,349.61M | 3,376.86M | 6,087.79M | 6,918.84M | 5,848.81M | 4,222.39M | 2,496.84M | 4,572.10M | 2,176.50M | 4,769.66M | 5,413.25M | 5,154.80M | 5,798.60M | 5,355.99M | 1,735.63M | 948.19M | 1,444.97M | 775.41M | 590.59M | 694.87M | 422.63M |
| Net Receivables | 7,537.87M | 7,581.04M | 7,244.60M | 6,872.32M | 7,211.67M | 8,309.68M | 5,990.17M | 3,659.76M | 4,174.65M | 3,688.48M | 4,704.76M | 5,985.42M | 5,593.94M | 5,163.58M | 4,892.02M | 4,681.33M | 3,970.88M | 3,570.94M | 4,864.73M | 4,008.25M | 3,277.52M | 2,003.35M | 2,219.08M | 1,344.08M | 1,280.71M | 670.78M | 646.63M | 638.26M | 261.70M |
| Inventory | 15,272.44M | 16,042.46M | 16,504.91M | 15,227.78M | 17,817.59M | 16,861.49M | 9,169.42M | 7,659.74M | 9,167.69M | 6,701.40M | 6,332.73M | 8,781.11M | 8,866.89M | 8,499.69M | 9,021.54M | 7,684.34M | 6,797.79M | 5,751.59M | 10,398.26M | 6,083.20M | 5,077.22M | 3,881.83M | 4,234.04M | 2,302.25M | 2,240.02M | 1,030.25M | 893.31M | 891.37M | 353.28M |
| Other Current Assets | 716.32M | 709.51M | 643.07M | 1,754.10M | 793.17M | 3,578.05M | 591.52M | 621.62M | 811.13M | 5,105.43M | 1,799.52M | 1,890.12M | 1,528.37M | 1,376.33M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 141.72M | 870.39M | 135.23M | 329.46M | 419.83M | 429.76M | 151.32M | 144.29M | 71.37M | 137.49M |
| Total Current Assets | 33,400.22M | 33,306.85M | 32,669.42M | 29,197.94M | 31,257.42M | 35,536.09M | 23,409.45M | 18,235.71M | 17,503.08M | 18,872.18M | 18,924.81M | 23,575.50M | 21,838.01M | 19,261.99M | 16,410.40M | 16,937.77M | 12,945.16M | 14,092.19M | 20,676.24M | 15,387.97M | 15,023.74M | 11,376.40M | 8,518.22M | 5,014.35M | 5,395.46M | 2,627.75M | 2,274.81M | 2,295.86M | 1,175.10M |
| Property, Plant & Equipment | 32,269.56M | 32,097.65M | 30,760.01M | 24,063.18M | 21,383.61M | 19,603.53M | 18,068.23M | 16,678.81M | 15,546.48M | 16,443.74M | 19,351.89M | 23,255.73M | 22,131.79M | 21,419.07M | 19,690.18M | 17,295.07M | 16,171.56M | 16,731.10M | 20,054.75M | 15,347.23M | 12,775.02M | 8,214.41M | 7,410.89M | 6,647.89M | 7,380.15M | 3,215.14M | 3,007.92M | 3,632.44M | 1,545.53M |
| Goodwill | 11,955.59M | 12,260.05M | 13,853.11M | 10,825.15M | 11,084.57M | 12,427.53M | 12,103.52M | 9,469.31M | 9,112.39M | 7,891.14M | 9,470.02M | 14,653.03M | 12,556.40M | 11,353.05M | 10,033.40M | 9,155.79M | 8,158.10M | 8,424.34M | 11,294.10M | 6,294.58M | 718.16M | 345.24M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Intangible Assets | 711.95M | 414.09M | 400.57M | 373.71M | 415.16M | 509.76M | 622.58M | 673.26M | 836.10M | 972.09M | 1,319.94M | 1,835.76M | 1,547.10M | 1,497.92M | 1,364.42M | 1,273.71M | 1,176.82M | 992.80M | 1,712.93M | 1,084.68M | 0.00M | 0.00M | 375.73M | 344.87M | 404.86M | 0.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Investments | 4,045.74M | 3,956.46M | 4,222.32M | 5,922.52M | 3,896.52M | 3,340.78M | 2,271.63M | 1,812.40M | 1,367.80M | 1,280.30M | 798.84M | 1,392.88M | 1,394.38M | 1,590.03M | 1,441.86M | 1,374.66M | 1,310.32M | 1,269.24M | 1,874.40M | 0.00M | 445.45M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax Assets | 2,355.68M | 2,294.00M | 2,427.65M | 2,219.46M | 2,164.48M | 2,929.31M | 3,393.35M | 4,071.22M | 3,874.05M | 3,054.39M | 3,407.23M | 4,307.46M | 2,567.19M | 2,056.45M | 2,210.30M | 1,547.97M | 1,980.23M | 1,831.47M | 2,287.80M | 245.08M | 400.29M | 424.30M | 407.52M | 667.36M | 347.27M | 101.87M | 122.72M | 0.00M | 0.00M |
| Other Non-Current Assets | 2,517.00M | 2,524.96M | 2,481.42M | 2,283.19M | 3,596.90M | 2,363.24M | 3,254.25M | 3,062.26M | 3,041.12M | 2,677.98M | 2,490.48M | 2,472.35M | 2,162.73M | 2,121.30M | 1,942.61M | 2,015.45M | 1,148.28M | 1,169.68M | 1,051.00M | 2,472.49M | 1,451.04M | 1,117.01M | 1,179.62M | 1,027.14M | 937.20M | 912.24M | 896.12M | 433.47M | 371.64M |
| 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 |
| Total Non-Current Assets | 53,855.52M | 53,547.22M | 54,145.07M | 45,687.21M | 42,541.23M | 41,174.14M | 39,713.56M | 35,767.26M | 33,777.95M | 32,319.65M | 36,838.40M | 47,917.21M | 42,359.59M | 40,037.82M | 36,682.76M | 32,662.65M | 29,945.32M | 30,418.63M | 38,274.97M | 25,444.06M | 15,789.96M | 10,100.95M | 9,373.75M | 8,687.25M | 9,069.48M | 4,229.25M | 4,026.76M | 4,065.92M | 1,917.17M |
| Total Assets | 87,255.73M | 86,854.07M | 86,814.49M | 74,885.14M | 73,798.65M | 76,710.22M | 63,123.01M | 54,002.97M | 51,281.03M | 51,191.82M | 55,763.21M | 71,492.71M | 64,197.60M | 59,299.81M | 53,093.16M | 49,600.42M | 42,890.48M | 44,510.82M | 58,951.22M | 40,832.02M | 30,813.70M | 21,477.35M | 17,891.97M | 13,701.60M | 14,464.94M | 6,857.00M | 6,301.57M | 6,361.77M | 3,092.27M |
| Accounts Payable | 5,498.07M | 5,567.36M | 5,718.10M | 5,316.86M | 5,073.38M | 5,797.92M | 2,791.35M | 2,697.63M | 4,335.05M | 3,179.95M | 2,743.82M | 3,629.79M | 3,236.36M | 3,271.42M | 3,059.68M | 3,212.16M | 1,783.27M | 1,705.06M | 2,855.42M | 2,586.63M | 2,374.19M | 1,579.31M | 1,667.72M | 1,074.78M | 997.72M | 319.08M | 405.86M | 310.39M | 110.79M |
| Short-Term Debt | 3,315.23M | 2,553.43M | 735.04M | 1,797.62M | 3,121.15M | 1,766.49M | 1,431.51M | 1,562.23M | 1,824.94M | 2,004.34M | 4,458.22M | 2,387.24M | 2,037.87M | 1,838.37M | 2,582.35M | 1,756.99M | 1,693.04M | 1,356.78M | 3,933.12M | 2,524.71M | 2,271.37M | 1,322.92M | 1,788.06M | 2,303.80M | 3,910.77M | 1,322.57M | 1,347.37M | 1,295.13M | 336.24M |
| Tax Payables | 588.14M | 490.94M | 757.63M | 502.77M | 892.46M | 1,411.31M | 1,410.21M | 638.08M | 747.23M | 354.34M | 415.65M | 490.12M | 794.41M | 651.21M | 528.70M | 591.98M | 524.97M | 675.68M | 517.27M | 0.00M | 477.56M | 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 | 2,842.20M | 2,638.42M | 1,230.15M | 747.23M | 820.38M | 898.29M | 1,016.82M | 1,639.67M | 1,491.81M | 1,213.18M | 1,345.81M | 1,090.49M | 1,396.01M | 1,077.03M | 99.28M | 1,120.84M | 10.93M | 176.06M | 21.02M | 27.00M | 6.67M | 12.97M | 0.00M | 0.00M |
| Other Current Liabilities | 1,650.95M | 1,715.75M | 2,291.28M | 2,950.92M | 2,385.59M | 3,586.83M | 3,789.08M | 1,299.01M | 1,343.51M | 1,779.68M | 954.57M | 969.63M | 1,367.14M | 1,293.45M | 1,498.39M | 951.64M | 869.45M | 849.91M | 901.72M | 639.61M | 901.83M | 583.58M | 1,654.34M | 810.33M | 685.03M | 397.38M | 125.27M | 298.27M | 119.25M |
| Total Current Liabilities | 11,052.39M | 10,327.48M | 9,502.05M | 10,568.17M | 11,472.58M | 15,404.75M | 12,060.57M | 7,427.09M | 8,997.96M | 8,138.71M | 9,470.54M | 8,493.60M | 9,075.44M | 8,546.25M | 8,882.31M | 7,858.58M | 5,961.22M | 5,983.44M | 9,284.56M | 5,850.23M | 7,145.79M | 3,496.73M | 5,286.17M | 4,209.93M | 5,620.52M | 2,045.70M | 1,891.47M | 1,903.78M | 566.28M |
| Long-Term Debt | 15,328.68M | 15,536.93M | 12,901.45M | 9,120.68M | 9,511.13M | 12,273.20M | 16,083.85M | 14,487.64M | 13,083.13M | 14,505.24M | 16,125.01M | 24,074.52M | 17,483.62M | 14,871.46M | 12,086.20M | 11,926.54M | 12,976.96M | 13,164.13M | 19,300.72M | 13,467.19M | 945.29M | 967.17M | 4,316.75M | 3,715.66M | 3,523.31M | 1,684.37M | 1,620.86M | 1,652.22M | 728.30M |
| Capital Lease Obligations | 1,345.38M | 1,429.05M | 1,280.67M | 1,277.60M | 1,030.64M | 918.37M | 856.47M | 804.27M | 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 | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Deferred Tax Liabilities | 2,635.19M | 2,351.73M | 2,491.99M | 204.15M | 2,122.34M | 1,840.00M | 1,234.07M | 1,326.71M | 888.67M | 910.57M | 2,634.66M | 2,819.21M | 2,520.90M | 2,481.85M | 2,877.34M | 1,858.73M | 2,270.85M | 2,273.76M | 3,060.27M | 1,518.98M | 887.22M | 330.83M | 155.79M | 208.09M | 454.57M | 351.26M | 281.75M | 251.43M | 83.49M |
| Other Non-Current Liabilities | 1,236.80M | 1,300.37M | 1,545.94M | 4,132.39M | 1,649.69M | 2,286.52M | 1,814.71M | 2,794.59M | 2,326.29M | 2,616.63M | 4,043.50M | 4,363.22M | 2,211.81M | 3,050.35M | 1,353.21M | 368.68M | 901.62M | 1,270.43M | 1,113.19M | 1,717.55M | 11,123.26M | 8,221.54M | 774.17M | 818.34M | 711.62M | 302.15M | 347.13M | 378.53M | 240.67M |
| Total Non-Current Liabilities | 20,546.05M | 20,618.09M | 18,220.04M | 14,734.82M | 14,313.81M | 17,318.09M | 19,989.10M | 19,413.21M | 16,298.09M | 18,032.44M | 22,803.18M | 31,256.94M | 22,216.33M | 20,403.66M | 16,316.76M | 14,153.94M | 16,149.42M | 16,708.33M | 23,474.17M | 16,703.71M | 12,955.78M | 9,519.54M | 5,246.71M | 4,742.10M | 4,689.51M | 2,337.78M | 2,249.74M | 2,282.18M | 1,052.46M |
| Total Liabilities | 31,598.44M | 30,945.56M | 27,722.10M | 25,302.99M | 25,786.39M | 32,722.84M | 32,049.66M | 26,840.30M | 25,296.05M | 26,171.15M | 32,273.72M | 39,750.55M | 31,291.77M | 28,949.91M | 25,199.07M | 22,012.52M | 22,110.64M | 22,691.76M | 32,758.73M | 22,553.94M | 20,101.57M | 13,016.27M | 10,532.88M | 8,952.03M | 10,310.02M | 4,383.48M | 4,141.21M | 4,185.96M | 1,618.75M |
| 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 | 1,728.63M | 0.00M | 0.00M | 200.21M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 1,992.21M | 1,298.10M | 1,089.93M | 0.00M | 675.38M |
| Common Stock | 24,273.23M | 24,273.23M | 24,273.23M | 20,215.34M | 19,249.18M | 19,249.18M | 19,249.18M | 19,249.18M | 19,249.18M | 19,249.18M | 19,249.18M | 19,249.18M | 19,249.18M | 19,249.18M | 19,249.18M | 19,249.18M | 15,651.35M | 14,184.81M | 14,184.81M | 0.00M | 0.00M | 5,165.89M | 4,088.19M | 2,834.97M | 995.25M | 648.49M | 544.49M | 1,316.89M | 335.40M |
| Retained Earnings | 22,914.16M | 23,143.02M | 24,238.22M | 25,914.83M | 22,172.56M | 17,838.49M | 7,292.33M | 5,644.71M | 4,806.09M | 3,315.37M | 3,763.21M | 6,593.08M | 11,366.96M | 10,472.75M | 9,647.59M | 6,242.93M | 5,534.47M | 5,795.72M | 5,110.82M | 4,574.51M | 3,113.06M | 3,341.52M | 4,010.21M | 3,351.20M | 3,315.44M | 1,770.74M | 1,318.20M | 559.37M | 537.53M |
| Accumulated OCI | 10,806.02M | 10,976.90M | 13,076.27M | 3,078.97M | 7,779.12M | 8,539.84M | 7,418.89M | 5,175.18M | 4,826.59M | 4,027.56M | 3,987.83M | 9,104.39M | 3,550.79M | 2,589.08M | -1,360.92M | -293.78M | 0.00M | -1,557.59M | 1,877.99M | 1,623.58M | 158.70M | -495.12M | -1,367.74M | -2,130.46M | -3,248.31M | -1,319.04M | -874.71M | 186.85M | -88.44M |
| Minority Interest | 198.87M | 201.24M | 225.03M | 179.90M | 182.00M | 211.37M | 224.94M | 217.43M | 207.97M | 248.74M | 246.52M | 284.58M | 1,053.72M | 1,681.68M | 1,552.31M | 1,522.33M | 677.17M | 3,497.32M | 4,877.08M | 4,994.16M | 0.00M | 2,151.00M | 1,705.10M | 764.56M | 1,092.94M | 75.24M | 82.45M | 112.70M | 17.16M |
| Total Shareholders’ Equity | 57,993.40M | 58,393.15M | 61,587.71M | 49,209.14M | 49,200.86M | 45,627.52M | 33,960.41M | 30,069.07M | 28,881.86M | 26,592.12M | 27,000.22M | 34,946.65M | 34,166.92M | 32,311.01M | 29,264.47M | 25,198.33M | 21,185.82M | 18,623.14M | 21,173.62M | 6,198.09M | 3,271.76M | 8,012.29M | 6,730.67M | 4,055.72M | 3,054.60M | 2,398.29M | 2,077.92M | 2,063.12M | 1,459.87M |
| Total Equity | 58,192.27M | 58,594.38M | 61,812.73M | 49,389.05M | 49,382.86M | 45,838.88M | 34,185.34M | 30,286.49M | 29,089.82M | 26,840.86M | 27,246.73M | 35,231.23M | 35,220.64M | 33,992.69M | 30,816.78M | 26,720.66M | 21,862.99M | 22,120.46M | 26,050.69M | 11,192.25M | 3,271.76M | 10,163.29M | 8,435.77M | 4,820.28M | 4,147.53M | 2,473.52M | 2,160.37M | 2,175.81M | 1,477.02M |
| Total Liabilities & Equity | 89,790.71M | 89,539.95M | 89,534.83M | 74,692.04M | 75,169.25M | 78,561.72M | 66,235.01M | 57,126.80M | 54,385.87M | 53,012.00M | 59,520.45M | 74,981.78M | 66,512.41M | 62,942.60M | 56,015.85M | 48,733.18M | 43,973.63M | 44,812.22M | 58,809.42M | 33,746.19M | 23,373.33M | 23,179.56M | 18,968.65M | 13,772.31M | 14,457.56M | 6,857.00M | 6,301.57M | 6,361.77M | 3,095.77M |
| Tangible Assets | 74,588.20M | 74,179.92M | 72,560.81M | 63,686.29M | 62,298.93M | 63,772.94M | 50,396.91M | 43,860.40M | 41,332.54M | 42,328.59M | 44,973.25M | 55,003.92M | 50,094.10M | 46,448.85M | 41,695.35M | 39,170.92M | 33,555.56M | 35,093.68M | 45,944.19M | 33,452.77M | 30,095.54M | 21,132.11M | 17,516.24M | 13,356.73M | 14,060.08M | 6,857.00M | 6,301.57M | 6,361.77M | 3,092.27M |
| Tangible Equity | 45,524.73M | 45,920.24M | 47,559.05M | 38,190.19M | 37,883.13M | 32,901.60M | 21,459.25M | 20,143.92M | 19,141.34M | 17,977.63M | 16,456.78M | 18,742.45M | 21,117.14M | 21,141.73M | 19,418.97M | 16,291.17M | 12,528.07M | 12,703.32M | 13,043.66M | 3,812.99M | 2,553.60M | 9,818.05M | 8,060.03M | 4,475.41M | 3,742.67M | 2,473.52M | 2,160.37M | 2,175.81M | 1,477.02M |
| Tangible Book Value | 45,524.73M | 45,920.24M | 47,559.05M | 38,190.19M | 37,883.13M | 32,901.60M | 21,459.25M | 20,143.92M | 19,141.34M | 17,977.63M | 16,456.78M | 18,742.45M | 21,117.14M | 21,141.73M | 19,418.97M | 16,291.17M | 12,528.07M | 12,703.32M | 13,043.66M | 3,812.99M | 2,553.60M | 9,818.05M | 8,060.03M | 4,475.41M | 3,742.67M | 2,473.52M | 2,160.37M | 2,175.81M | 1,477.02M |
| Total Investments | 4,529.75M | 4,429.38M | 4,731.35M | 8,260.62M | 6,855.65M | 5,966.99M | 5,312.77M | 5,465.35M | 1,827.27M | 2,101.82M | 1,823.26M | 2,663.64M | 4,193.22M | 3,713.20M | 2,501.46M | 4,476.45M | 2,425.78M | 3,946.95M | 5,261.04M | 3,129.41M | 5,208.73M | 4,112.90M | 1,074.40M | 681.30M | 1,301.76M | 710.77M | 566.34M | 676.85M | 409.46M |
| Net Debt | 9,254.34M | 9,589.43M | 5,868.67M | 7,912.66M | 10,156.42M | 9,879.04M | 12,898.15M | 13,408.22M | 12,017.92M | 13,954.25M | 15,519.85M | 20,813.67M | 16,471.51M | 14,610.60M | 13,231.32M | 12,206.93M | 13,608.96M | 12,428.97M | 21,207.23M | 13,966.51M | 2,181.34M | 1,047.00M | 5,443.58M | 5,752.57M | 7,290.87M | 2,942.30M | 2,943.99M | 2,929.34M | 1,051.38M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital | 21,046.8M | 21,784.9M | 21,818.0M | 17,913.3M | 17,794.8M | 18,603.7M | 11,927.3M | 10,811.2M | 8,998.8M | 10,268.0M | 9,175.2M | 14,314.5M | 12,909.9M | 10,940.6M | 8,587.2M | 10,542.1M | 7,924.0M | 9,346.2M | 12,300.1M | 8,723.3M | 8,871.5M | 7,692.9M | 4,278.1M | 867.5M | -225.1M | 582.1M | 383.3M | 392.1M | 608.8M |
| Total Capital | 74,528.5M | 74,442.4M | 72,865.9M | 61,254.9M | 59,779.1M | 57,587.0M | 49,255.0M | 43,809.8M | 40,638.7M | 40,154.8M | 44,611.4M | 58,147.6M | 51,722.3M | 47,045.9M | 41,914.2M | 38,681.0M | 34,140.4M | 33,028.4M | 43,400.3M | 28,461.4M | 13,731.3M | 15,778.5M | 12,804.9M | 10,067.5M | 10,496.1M | 5,405.2M | 5,046.1M | 5,010.5M | 2,520.9M |
| Capital Employed | 74,902.3M | 75,332.1M | 75,963.1M | 63,600.5M | 60,336.1M | 59,777.8M | 51,640.9M | 46,578.4M | 42,776.8M | 42,587.6M | 46,013.6M | 62,231.7M | 55,269.5M | 50,978.4M | 45,270.0M | 43,204.8M | 37,869.4M | 39,764.8M | 50,575.1M | 34,167.4M | 24,661.4M | 17,793.8M | 13,651.9M | 9,554.7M | 8,844.4M | 4,811.3M | 4,410.1M | 4,458.0M | 2,526.0M |
| Invested Capital | 65,138.9M | 65,941.4M | 65,098.1M | 58,249.2M | 57,303.3M | 53,426.3M | 44,637.7M | 41,168.2M | 37,748.5M | 37,599.4M | 39,548.0M | 52,499.5M | 48,672.3M | 44,946.7M | 40,476.9M | 37,204.4M | 33,079.4M | 30,936.4M | 41,373.7M | 26,436.0M | 12,695.9M | 14,535.4M | 12,143.7M | 9,800.6M | 10,352.9M | 5,340.6M | 5,021.9M | 4,992.5M | 2,507.7M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 3,035.15M | 4,837.08M | 4,599.06M | 7,501.57M | 11,479.55M | 15,558.94M | 2,388.05M | 1,216.89M | 2,326.38M | -338.67M | -2,885.93M | -4,595.99M | 1,488.37M | 1,693.70M | 1,496.24M | 2,097.58M | 2,457.38M | 1,004.51M | 4,944.90M | 2,878.18M | 3,228.20M | 2,609.40M | 3,076.65M | 1,471.91M | 820.63M | 388.64M | 367.67M | 352.75M | 234.15M |
| Depreciation & Amortization | 3,580.80M | 3,084.22M | 3,126.25M | 3,047.21M | 2,866.70M | 2,658.56M | 2,499.10M | 2,074.30M | 1,891.81M | 2,092.55M | 2,535.96M | 2,607.91M | 2,227.40M | 2,029.51M | 1,827.50M | 1,771.88M | 1,893.07M | 1,745.32M | 1,896.08M | 1,225.51M | 1,075.05M | 704.61M | 715.06M | 526.26M | 632.94M | 315.55M | 274.76M | 198.20M | 114.54M |
| Deferred Income Tax | 1,086.09M | -197.17M | 974.10M | -0.84M | 4,674.50M | 3,657.19M | 226.40M | 496.25M | -225.36M | 185.11M | 652.20M | -1,175.11M | 131.49M | -35.89M | 234.49M | 253.10M | 501.86M | 26.95M | 948.22M | 197.84M | -6.64M | 274.95M | 205.71M | -351.77M | -72.59M | 66.03M | 29.65M | 0.00M | 16.67M |
| Stock-Based Compensation | 40.90M | 110.77M | 0.00M | 157.98M | 104.71M | 65.29M | 62.80M | 43.90M | 41.19M | 35.58M | 46.68M | 48.59M | 39.61M | 38.22M | 36.70M | 13.97M | 18.63M | 22.38M | 7.55M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in Working Capital | -462.34M | 2,425.63M | 1,373.74M | 703.31M | -4,538.21M | -6,811.05M | 610.83M | 1,171.14M | -2,735.07M | -952.64M | 406.44M | 1,648.72M | -882.93M | 1,149.17M | -1,598.83M | -1,973.99M | -1,261.32M | 3,938.77M | -3,916.17M | 968.62M | -1,799.25M | -3,231.50M | -1,383.58M | -270.34M | -959.16M | -120.56M | -224.49M | -198.97M | -15.34M |
| Accounts Receivable | 79.61M | 290.49M | 2,431.31M | -294.51M | 290.58M | -1,614.05M | -527.72M | 656.83M | 71.63M | -54.69M | 64.81M | 1,219.61M | -36.47M | -23.79M | 168.13M | -203.04M | -660.89M | 1,449.68M | 1,065.08M | 0.00M | -93.28M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Inventory | 496.74M | 355.03M | 542.50M | 1,305.42M | -2,039.14M | -7,704.33M | -428.26M | 1,556.71M | -2,427.47M | -1,269.46M | 794.59M | 1,977.36M | -173.19M | 1,018.40M | -264.37M | -681.60M | -1,160.42M | 3,766.06M | -2,489.88M | -786.03M | -381.88M | 1.05M | -1,415.06M | -214.22M | -334.43M | -133.68M | -81.25M | 0.00M | -20.78M |
| Accounts Payable | -270.49M | -355.18M | -1,192.99M | -355.42M | -995.60M | 2,534.33M | 1,014.80M | -642.70M | 900.39M | 800.16M | 110.47M | -768.63M | -251.91M | -128.94M | -522.87M | 1,121.43M | 110.36M | -1,731.88M | -2,215.81M | 0.00M | 85.98M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Working Capital | -768.19M | 2,135.30M | -407.07M | 47.81M | -1,794.06M | -27.00M | 552.01M | -399.70M | -1,279.61M | -428.65M | -563.43M | -779.62M | -421.36M | 283.51M | -979.73M | -2,210.78M | 449.63M | 454.91M | -275.55M | 1,754.65M | -1,410.08M | -3,232.54M | 31.48M | -56.12M | -624.73M | 13.12M | -143.24M | -198.97M | 5.44M |
| Other Non-Cash Items | 346.44M | 5,179.38M | 1,308.09M | -270.52M | -3,436.91M | 1,631.12M | 1,615.47M | -3,359.68M | 700.73M | 1,054.19M | 2,761.02M | 8,628.19M | -433.08M | -776.31M | 2,347.95M | -452.52M | 529.50M | -387.33M | -303.52M | 90.11M | 28.53M | 58.21M | 432.70M | -24.42M | 818.73M | 75.74M | -7.90M | 188.64M | 0.24M |
| Net Cash from Operating Activities | 7,627.03M | 10,695.06M | 11,381.24M | 11,138.71M | 11,150.34M | 12,516.93M | 6,407.91M | 1,642.79M | 1,999.68M | 2,076.13M | 3,516.37M | 7,162.32M | 2,570.86M | 4,098.41M | 4,344.05M | 1,710.02M | 4,139.12M | 6,350.59M | 3,577.05M | 5,907.94M | 3,101.79M | 805.74M | 3,046.55M | 1,351.64M | 1,240.55M | 725.41M | 439.68M | 540.63M | 325.25M |
| Capital Expenditures (PPE) | -7,078.62M | -5,611.44M | -5,778.38M | -5,336.32M | -4,481.26M | -3,192.33M | -1,805.03M | -1,846.91M | -1,262.32M | -911.27M | -1,377.94M | -2,451.15M | -2,408.66M | -2,756.66M | -3,284.06M | -2,103.05M | -1,383.37M | -1,377.78M | -2,741.05M | -2,365.51M | -2,211.89M | -1,628.51M | -1,171.23M | -859.07M | -658.02M | -566.69M | -516.33M | -557.14M | -416.59M |
| Acquisitions (Net) | -1,311.27M | 1,078.89M | -647.63M | -436.52M | -26.75M | 113.60M | -485.32M | -74.34M | -375.46M | -178.67M | 308.69M | -61.45M | 0.00M | -184.11M | -206.21M | -74.79M | -283.11M | -71.07M | -4,076.17M | -7,605.91M | -1,408.81M | -162.70M | -838.62M | -42.50M | -1,388.30M | 35.73M | 26.57M | 0.00M | 49.54M |
| Purchases of Investments | 0.00M | -4.42M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -94.69M | -375.46M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -723.29M | -1,371.84M | -2,589.35M | -484.97M | -1,179.07M | -3,266.00M | -329.12M | -1,327.90M | -2,768.38M | -3,001.08M | -657.13M | -717.65M | -610.96M | -1,202.16M |
| Sales / Maturities of Investments | 0.00M | -47.01M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 94.69M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 778.48M | 1,415.98M | 2,925.25M | 426.67M | 1,395.73M | 3,002.78M | 329.12M | 1,124.89M | 3,180.36M | 2,998.61M | 519.90M | 790.51M | 0.00M | 1,156.01M |
| Other Investing Activities | -68.82M | 1,358.79M | 1,391.66M | 0.00M | 48.32M | 82.64M | 61.28M | 21.81M | 4,021.25M | 554.46M | 308.69M | 90.94M | 1,067.94M | 237.20M | 52.25M | 11.47M | 19.27M | 64.61M | 373.16M | -159.82M | 264.05M | 15.07M | -181.20M | 11.47M | 21.34M | 342.81M | -32.83M | -1.89M | -140.88M |
| Net Cash from Investing Activities | -8,458.72M | -4,583.97M | -5,034.35M | -5,772.84M | -4,459.68M | -2,996.10M | -2,229.08M | -1,899.45M | 2,383.47M | -535.48M | -1,069.24M | -2,421.66M | -1,340.72M | -2,703.57M | -3,438.03M | -2,111.16M | -1,603.06M | -1,048.33M | -6,502.35M | -9,914.58M | -3,619.87M | -1,776.14M | -2,394.05M | -478.12M | -2,027.46M | -325.38M | -449.73M | -1,169.98M | -554.08M |
| Net Debt Issuance | 5,561.80M | 131.84M | 648.43M | -1,442.20M | -1,245.32M | -4,782.77M | -2,218.97M | 474.58M | -3,413.89M | -3,969.74M | -2,156.53M | -1,955.48M | 606.43M | -211.45M | -356.87M | -2,428.14M | 472.12M | -4,380.48M | 1,415.10M | 6,070.93M | 1,396.85M | 1,947.74M | 79.99M | -388.05M | 1,278.69M | -193.95M | 143.13M | 956.34M | 291.90M |
| Long-Term Debt Issuance | 5,430.58M | -6.38M | 163.94M | -1,442.10M | -1,248.04M | -4,782.77M | -2,211.20M | 474.58M | -3,439.64M | -3,969.74M | -2,156.53M | -1,955.48M | 606.43M | -164.51M | -356.87M | -2,492.94M | 472.12M | -4,380.48M | 149.81M | 6,070.93M | 977.04M | 1,383.66M | 44.69M | -388.05M | 1,278.69M | -193.95M | 143.13M | 956.34M | 291.90M |
| Short-Term Debt Issuance | 131.22M | 118.07M | 484.50M | -0.10M | 2.72M | 0.00M | -7.78M | 0.00M | 25.76M | 0.00M | 0.00M | 0.00M | 0.00M | -46.93M | 0.00M | 64.80M | 0.00M | 0.00M | 1,415.10M | 0.00M | 419.81M | 564.07M | 35.30M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | -1,830.76M | -349.79M | -1,194.73M | 0.00M | -1,073.12M | 0.00M | 0.00M | 0.00M | -243.40M | 0.00M | -95.34M | -189.07M | 0.00M | -599.20M | -44.93M | 3,789.07M | -38.71M | -12.92M | -50.26M | 907.32M | -70.18M | 500.90M | 456.80M | -17.08M | 8.21M | 0.00M | 0.00M | 6.15M | -0.60M |
| 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 | 3,874.33M | 0.00M | 0.00M | 2,834.80M | 916.03M | 0.00M | 517.46M | 481.60M | 0.00M | 8.21M | 0.00M | 0.00M | 6.15M | 0.00M |
| Common Stock Repurchased | -1,830.76M | -349.79M | -1,194.73M | 0.00M | -1,073.12M | 0.00M | 0.00M | 0.00M | -243.40M | 0.00M | -95.34M | -189.07M | 0.00M | 0.00M | -44.93M | -85.26M | -59.25M | -12.92M | -50.26M | 0.00M | -70.18M | -16.56M | -24.80M | -17.08M | 0.00M | 0.00M | 0.00M | 0.00M | -0.60M |
| 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 | 20.54M | 0.00M | 0.00M | -8.70M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | -1,355.05M | -1,841.31M | -1,656.41M | -2,683.33M | -5,891.69M | -5,339.43M | -274.82M | -484.17M | -599.10M | -86.39M | -85.96M | -358.23M | -455.14M | -426.99M | -523.08M | -550.71M | -1,018.49M | -328.69M | -1,649.94M | -957.25M | -949.53M | -924.61M | -731.98M | -352.75M | -262.88M | -164.64M | -128.67M | -69.44M | -54.25M |
| Common Dividends Paid | -1,355.05M | -1,841.31M | -1,656.41M | -2,683.33M | -5,891.69M | -5,339.43M | -274.82M | -484.17M | -599.10M | -86.39M | -85.96M | -358.23M | -455.14M | -426.99M | -523.08M | -550.71M | -1,018.49M | -328.69M | -1,649.94M | -1,199.42M | -1,070.20M | -1,077.18M | -843.49M | -352.75M | -262.88M | -164.64M | -128.67M | -69.44M | -54.25M |
| 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 |
| Other Financing Activities | -131.22M | -138.05M | -484.50M | 0.10M | -46.15M | 139.56M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -339.07M | -674.72M | 433.10M | -111.42M | -83.16M | -2,913.53M | -211.54M | 2,885.06M | 291.44M | 119.74M | 87.65M | 101.00M | 39.22M | -21.56M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Cash from Financing Activities | 2,244.77M | -2,197.30M | -2,687.20M | -4,125.43M | -8,256.29M | -9,982.64M | -2,493.79M | -9.60M | -4,256.38M | -4,056.13M | -2,337.83M | -2,841.84M | -523.42M | -804.53M | -1,036.29M | 727.06M | -3,498.60M | -4,933.63M | 2,599.96M | 5,090.24M | 376.21M | 1,458.56M | -205.69M | -718.66M | 1,002.45M | -358.59M | 14.47M | 893.05M | 237.05M |
| Effect of FX on Cash | -97.62M | -267.05M | 1,102.48M | -710.66M | -119.16M | 5.26M | 290.51M | 17.76M | 208.03M | 7.44M | -693.99M | 699.29M | 244.03M | 71.68M | 90.91M | 89.64M | -68.37M | -303.29M | 325.86M | 77.37M | 41.91M | 173.63M | -31.27M | -4.69M | -170.85M | -5.68M | 1.16M | 0.00M | -0.36M |
| Net Change in Cash | 1,315.47M | 5,159.58M | 4,762.17M | 529.78M | -1,684.79M | -456.55M | 1,975.55M | -248.49M | 334.81M | -2,508.05M | -584.70M | 2,598.11M | 950.75M | 661.99M | -39.36M | 415.57M | -1,030.91M | 65.34M | 0.51M | 1,160.97M | -99.97M | 661.79M | 415.54M | 150.16M | 44.69M | 35.76M | 5.58M | 263.70M | 7.97M |
| Cash at Beginning of Period | 30,822.39M | 14,552.76M | 3,005.65M | 2,475.86M | 4,160.65M | 4,617.20M | 2,641.65M | 2,890.14M | 2,555.34M | 5,063.38M | 5,648.08M | 3,049.97M | 2,099.22M | 1,437.24M | 1,476.60M | 1,061.03M | 2,091.94M | 2,026.61M | 2,026.10M | 864.42M | 1,135.29M | 581.31M | 245.69M | 116.73M | 98.52M | 28.87M | 18.66M | 431.17M | 5.20M |
| Cash at End of Period | 32,137.86M | 19,712.34M | 7,767.81M | 3,005.65M | 2,475.86M | 4,160.65M | 4,617.20M | 2,641.65M | 2,890.14M | 2,555.34M | 5,063.38M | 5,648.08M | 3,049.97M | 2,099.22M | 1,437.24M | 1,476.60M | 1,061.03M | 2,091.94M | 2,026.61M | 2,025.39M | 1,035.32M | 1,243.09M | 661.23M | 266.89M | 143.21M | 64.63M | 24.24M | 694.87M | 13.17M |
| Operating Cash Flow | 7,627.03M | 10,695.06M | 11,381.24M | 11,138.71M | 11,150.34M | 12,516.93M | 6,407.91M | 1,642.79M | 1,999.68M | 2,076.13M | 3,516.37M | 7,162.32M | 2,570.86M | 4,098.41M | 4,344.05M | 1,710.02M | 4,139.12M | 6,350.59M | 3,577.05M | 5,907.94M | 3,101.79M | 805.74M | 3,046.55M | 1,351.64M | 1,240.55M | 725.41M | 439.68M | 540.63M | 325.25M |
| Capital Expenditure | -7,247.12M | -5,569.23M | -5,946.42M | -5,336.32M | -4,481.26M | -3,192.33M | -1,805.03M | -1,846.91M | -1,262.32M | -911.27M | -1,377.94M | -2,451.15M | -2,408.66M | -2,756.66M | -3,284.06M | -2,103.05M | -1,383.37M | -1,377.78M | -2,741.05M | -2,365.51M | -2,211.89M | -1,628.51M | -1,171.23M | -859.07M | -658.02M | -566.69M | -516.33M | -557.14M | -416.59M |
| Free Cash Flow | 379.92M | 4,082.32M | 5,434.83M | 5,802.39M | 6,669.08M | 9,324.60M | 4,602.88M | -204.12M | 737.36M | 1,164.86M | 2,138.43M | 4,711.17M | 162.20M | 1,341.75M | 1,059.99M | -393.03M | 2,755.75M | 4,972.82M | 836.00M | 3,542.43M | 889.89M | -822.76M | 1,875.32M | 492.56M | 582.52M | 158.72M | -76.65M | -16.51M | -91.34M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 9,517.46M | 9,741.70M | 10,162.87M | 12,172.03M | 19,275.54M | 21,192.30M | 6,711.20M | 4,689.85M | 6,217.14M | 3,893.12M | 3,610.74M | 4,316.14M | 4,639.46M | 4,552.21M | 4,103.39M | 4,478.75M | 5,055.35M | 3,835.71M | 9,811.48M | 5,768.89M | 5,316.26M | 4,582.82M | 4,963.51M | 2,537.70M | 2,688.69M | 1,225.89M | 1,304.18M | 1,033.68M | 583.20M |
| (-) Tax Adjustment | 2,349.98M | 1,692.33M | 1,608.31M | 2,585.61M | 5,322.95M | 4,927.48M | 2,126.48M | 1,282.10M | 0.00M | 0.00M | 0.00M | 1,061.20M | 0.00M | 0.00M | 166.36M | 482.22M | 857.34M | 100.23M | 1,578.69M | 1,141.96M | 987.97M | 1,210.38M | 1,172.17M | 0.00M | 73.97M | 301.76M | 254.08M | 100.01M | 123.94M |
| (-) Change In Working Capital | -462.34M | 2,425.63M | 1,373.74M | 703.31M | -4,538.21M | -6,811.05M | 610.83M | 1,171.14M | -2,735.07M | -952.64M | 406.44M | 1,648.72M | -882.93M | 1,149.17M | -1,598.83M | -1,973.99M | -1,261.32M | 3,938.77M | -3,916.17M | 968.62M | -1,799.25M | -3,231.50M | -1,383.58M | -270.34M | -959.16M | -120.56M | -224.49M | -198.97M | -15.34M |
| (-) Capital Expenditure | -7,247.12M | -5,569.23M | -5,946.42M | -5,336.32M | -4,481.26M | -3,192.33M | -1,805.03M | -1,846.91M | -1,262.32M | -911.27M | -1,377.94M | -2,451.15M | -2,408.66M | -2,756.66M | -3,284.06M | -2,103.05M | -1,383.37M | -1,377.78M | -2,741.05M | -2,365.51M | -2,211.89M | -1,628.51M | -1,171.23M | -859.07M | -658.02M | -566.69M | -516.33M | -557.14M | -416.59M |
| Unlevered Free Cash Flow | 382.71M | 54.51M | 1,234.40M | 3,546.79M | 14,009.55M | 19,883.53M | 2,168.86M | 389.68M | 7,689.88M | 3,934.49M | 1,826.37M | -844.93M | 3,113.74M | 646.37M | 2,251.80M | 3,867.47M | 4,075.96M | -1,581.06M | 9,407.90M | 1,292.80M | 3,915.65M | 4,975.42M | 4,003.68M | 1,948.96M | 2,915.85M | 478.00M | 758.26M | 575.50M | 58.02M |
| (-) Net Interest Income After Taxes | -446.17M | -116.44M | -59.58M | 49.58M | -259.32M | -622.29M | -856.92M | -519.47M | -1,375.34M | -1,096.83M | -1,288.75M | -824.36M | -901.79M | -760.48M | -474.75M | -459.24M | -666.05M | -827.92M | -953.83M | -314.31M | 37.64M | -74.33M | -167.94M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Debt Issuance | 5,561.80M | 131.84M | 648.43M | -1,442.20M | -1,245.32M | -4,782.77M | -2,218.97M | 474.58M | -3,413.89M | -3,969.74M | -2,156.53M | -1,955.48M | 606.43M | -211.45M | -356.87M | -2,428.14M | 472.12M | -4,380.48M | 1,415.10M | 6,070.93M | 1,396.85M | 1,947.74M | 79.99M | -388.05M | 1,278.69M | -193.95M | 143.13M | 956.34M | 291.90M |
| Levered Free Cash Flow | 6,390.68M | 302.80M | 1,942.41M | 2,055.01M | 13,023.55M | 15,723.05M | 806.81M | 1,383.73M | 5,651.34M | 1,061.57M | 958.60M | -1,976.05M | 4,621.95M | 1,195.40M | 2,369.68M | 1,898.57M | 5,214.13M | -5,133.62M | 11,776.83M | 7,678.04M | 5,274.86M | 6,997.49M | 4,251.62M | 1,560.91M | 4,194.54M | 284.05M | 901.39M | 1,531.84M | 349.92M |