Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Hapag-Lloyd AG

Ticker: HLAG.DE | Industry: Marine Shipping | Sector: Industrials
$118.10 +1.30 (1.11%)
As of: 2026-01-27

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Stock Price 133.15 156.78 198.78 228.98 198.10 65.29 52.58 29.30 30.26 18.64 19.98 20.00 20.00 20.00
Market Capitalization 23,407.77M 27,561.05M 34,943.30M 40,252.04M 34,823.23M 11,477.54M 9,242.69M 5,150.94M 4,681.90M 2,204.57M 2,111.39M 2,120.52M 2,120.38M 2,120.38M
(-) Cash & Equivalents 4,521.60M 4,591.35M 9,140.85M 13,002.60M 3,950.58M 977.35M 525.60M 601.68M 774.90M 497.80M 606.88M 512.43M 466.25M 284.88M
(+) Total Debt 6,360.65M 5,865.58M 5,169.65M 5,684.23M 5,410.68M 6,300.90M 6,695.88M 6,128.95M 6,305.00M 3,902.63M 3,968.63M 3,255.43M 2,753.60M 592.98M
Enterprise Value 25,246.82M 28,835.27M 30,972.10M 32,933.67M 36,283.33M 16,801.09M 15,412.96M 10,678.22M 10,212.00M 5,609.40M 5,473.14M 4,863.52M 4,407.73M 2,428.48M

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
Revenue 19,993M 16,697M 19,112M 17,930M 34,543M 22,274M 12,772M 12,608M 11,515M 9,973M 7,734M 8,842M 6,808M 6,567M 6,844M 6,103M 6,204M 3,326M
Cost of Revenue 16,884M 15,191M 15,864M 12,967M 16,456M 12,458M 10,980M 11,437M 10,670M 9,218M 7,277M 8,158M 6,780M 6,413M 6,825M 5,281M 4,811M 3,042M
Gross Profit 3,110M 1,506M 3,248M 4,963M 18,086M 9,816M 1,792M 1,171M 845M 755M 457M 684M 27M 155M 19M 822M 1,393M 284M
Gross Profit Margin 15.6% 9.0% 17.0% 27.7% 52.4% 44.1% 14.0% 9.3% 7.3% 7.6% 5.9% 7.7% 0.4% 2.4% 0.3% 13.5% 22.5% 8.5%
R&D Expenses 115M 100M 0M 100M 62M 43M 40M 26M 18M 0M 0M 0M 0M 0M 19M 0M 0M 0M
SG&A Expenses 334M 416M 448M 505M 411M 309M 269M 233M 119M 106M 94M 119M 101M 59M 64M 42M 39M 35M
Operating Expenses 746M 741M 669M 2,447M 634M 452M 401M 397M 433M 449M 336M 360M 318M 171M 207M 786M 808M 624M
Operating Income (EBIT) 2,363M 765M 2,579M 2,516M 17,452M 9,363M 1,391M 774M 412M 307M 121M 324M -291M -17M -188M 37M 585M -340M
Operating Income Margin 11.8% 4.6% 13.5% 14.0% 50.5% 42.0% 10.9% 6.1% 3.6% 3.1% 1.6% 3.7% -4.3% -0.3% -2.7% 0.6% 9.4% -10.2%
Interest Income 347M 309M 276M 432M 200M 21M 17M 9M 12M 8M 2M 6M 7M 6M 7M 10M 4M 27M
Interest Expense 347M 269M 317M 224M 232M 247M 346M 432M 376M 340M 220M 233M 217M 159M 134M 109M 138M 86M
Net Interest Income -1M 40M -41M 209M -32M -225M -329M -423M -364M -332M -218M -227M -210M -154M -127M -99M -134M -59M
Unusual Items 40M 127M 84M 310M -177M 9M -81M 66M 30M 82M 24M 42M -92M 81M 191M 35M -6M -6M
EBT Excluding Unusual Items 2,362M 805M 2,538M 2,724M 17,420M 9,138M 1,062M 350M 48M -26M -97M 97M -501M -170M -315M -62M 451M -398M
Pre-Tax Income 2,402M 933M 2,622M 3,035M 17,243M 9,146M 981M 416M 78M 56M -73M 139M -593M -90M -124M -27M 444M -404M
Pre-Tax Margin 12.0% 5.6% 13.7% 16.9% 49.9% 41.1% 7.7% 3.3% 0.7% 0.6% -0.9% 1.6% -8.7% -1.4% -1.8% -0.4% 7.2% -12.2%
Income Tax Expense 33M 142M 230M 84M 201M 61M 46M 43M 32M 24M 20M 25M 11M 8M 4M 2M 17M -2M
Net Income 2,362M 766M 2,386M 2,935M 17,030M 9,075M 927M 362M 37M 27M -97M 112M -605M -98M -129M -29M 428M -402M
Net Income Margin 11.8% 4.6% 12.5% 16.4% 49.3% 40.7% 7.3% 2.9% 0.3% 0.3% -1.2% 1.3% -8.9% -1.5% -1.9% -0.5% 6.9% -12.1%
Depreciation & Amortization 2,204M 1,999M 2,072M 1,932M 1,904M 1,466M 1,286M 1,174M 694M 642M 481M 465M 482M 325M 332M 286M 318M 239M
EBITDA 4,567M 2,764M 4,650M 4,447M 19,356M 10,829M 2,678M 1,948M 1,106M 949M 602M 789M 191M 308M 144M 322M 903M -101M
EBITDA Margin 22.8% 16.6% 24.3% 24.8% 56.0% 48.6% 21.0% 15.4% 9.6% 9.5% 7.8% 8.9% 2.8% 4.7% 2.1% 5.3% 14.6% -3.0%
NOPAT 2,331M 649M 2,353M 2,446M 17,249M 9,300M 1,326M 694M 244M 175M 95M 265M -230M -13M -149M 29M 563M -269M
NOPAT Margin 11.7% 3.9% 12.3% 13.6% 49.9% 41.8% 10.4% 5.5% 2.1% 1.8% 1.2% 3.0% -3.4% -0.2% -2.2% 0.5% 9.1% -8.1%
Owner's Earnings 2,244M 795M 2,291M 3,163M 17,493M 9,288M 1,679M 1,110M 402M 258M 31M -148M -464M -438M -324M -5M 244M -297M
Owner's Earnings Margin 11.2% 4.8% 12.0% 17.6% 50.6% 41.7% 13.1% 8.8% 3.5% 2.6% 0.4% -1.7% -6.8% -6.7% -4.7% -0.1% 3.9% -8.9%
EPS (Basic) 13.44 4.36 13.57 16.70 96.87 51.62 5.27 2.06 0.21 0.19 -0.81 1.03 -5.71 -0.93 -1.22 -0.27 3.87 -3.79
EPS (Diluted) 13.44 4.36 13.57 16.70 96.87 51.62 5.27 2.06 0.21 0.18 -0.81 1.03 -5.71 -0.93 -1.22 -0.27 4.03 -3.79
Shares (Basic) 176M 176M 176M 176M 176M 176M 176M 176M 176M 148M 119M 107M 106M 106M 106M 106M 106M 106M
Shares (Diluted) 176M 176M 176M 176M 176M 176M 176M 176M 176M 148M 119M 108M 106M 106M 106M 106M 106M 106M

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
Cash & Cash Equivalents 3,595.70M 5,447.50M 5,456.60M 5,724.60M 15,236.10M 7,701.00M 667.90M 511.60M 657.10M 604.90M 570.20M 573.70M 711.40M 464.80M 560.80M 672.50M 751.80M 413.30M
Short-Term Investments 2,200.00M 2,277.90M 2,117.90M 1,923.10M 2,841.50M 48.40M 0.00M 81.00M 74.80M 73.50M 43.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 5,795.70M 7,725.40M 7,574.50M 7,647.70M 18,077.60M 7,749.40M 667.90M 592.60M 731.90M 678.40M 614.10M 573.70M 711.40M 464.80M 560.80M 672.50M 751.80M 413.30M
Net Receivables 2,095.50M 2,327.70M 2,707.30M 1,657.00M 3,212.90M 3,285.00M 1,629.40M 1,491.30M 1,454.00M 1,219.40M 751.20M 716.10M 703.80M 476.20M 450.70M 444.50M 440.30M 0.00M
Inventory 609.60M 652.50M 630.60M 454.30M 0.00M 0.00M 172.30M 247.20M 236.50M 185.80M 122.00M 92.20M 149.00M 168.70M 178.30M 208.70M 144.00M 94.80M
Other Current Assets 161.00M 159.70M 61.50M 420.30M 392.70M 339.00M 313.50M 361.60M 320.00M 446.40M 213.70M 167.60M 142.30M 92.60M 91.70M 100.10M 91.00M 226.10M
Total Current Assets 8,661.80M 10,865.30M 10,973.90M 10,179.30M 21,683.20M 11,373.40M 2,783.10M 2,692.70M 2,742.40M 2,530.00M 1,701.00M 1,549.60M 1,706.50M 1,202.30M 1,281.50M 1,425.80M 1,427.10M 734.20M
Property, Plant & Equipment 15,621.20M 16,714.60M 17,179.60M 13,580.70M 13,140.20M 11,764.80M 9,300.60M 10,064.90M 9,119.70M 8,966.50M 6,315.60M 6,143.60M 5,176.00M 4,067.60M 3,785.60M 3,314.40M 3,198.30M 2,695.60M
Goodwill 1,834.90M 1,988.50M 2,057.10M 1,841.10M 1,712.10M 1,597.20M 1,466.80M 1,600.70M 1,568.80M 1,486.80M 1,661.60M 1,610.80M 1,375.60M 664.60M 693.90M 707.30M 0.00M 0.00M
Intangible Assets 1,492.90M 1,639.20M 1,726.20M 1,805.90M 1,540.40M 1,510.00M 1,459.00M 1,716.70M 1,773.20M 1,785.50M 1,340.48M 1,376.30M 1,309.70M 529.70M 619.50M 729.60M 440.30M 0.00M
Long-Term Investments 1,467.40M 1,543.00M -637.80M -602.20M -2,473.30M 291.60M 370.70M 261.10M 256.20M 274.00M 282.60M 325.90M 384.80M 332.50M 329.60M 362.80M 239.50M 323.60M
Tax Assets 102.40M 67.20M 62.40M 196.10M 33.00M 26.00M 28.70M 39.70M 36.00M 24.70M 25.20M 23.60M 27.90M 12.60M 15.10M 13.00M 11.60M 13.60M
Other Non-Current Assets 40.00M 41.90M 2,203.70M 1,905.20M 2,942.30M 94.40M 7.20M 128.70M 91.10M 96.00M 97.42M 33.90M 29.00M 82.70M 58.50M 43.80M 142.70M 26.80M
Other Assets 0.00M 0.00M 0.10M 18.30M -0.10M 0.00M 0.10M 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 20,558.80M 21,994.40M 22,591.30M 18,745.10M 16,894.60M 15,284.00M 12,633.10M 13,811.80M 12,845.00M 12,633.50M 9,722.90M 9,514.10M 8,303.00M 5,689.70M 5,502.20M 5,170.90M 4,032.40M 3,059.60M
Total Assets 29,220.60M 32,859.70M 33,565.20M 28,924.40M 38,577.80M 26,657.40M 15,416.20M 16,504.50M 15,587.40M 15,163.50M 11,423.90M 11,063.70M 10,009.50M 6,892.00M 6,783.70M 6,596.70M 5,459.50M 3,793.80M
Accounts Payable 2,561.70M 2,716.80M 2,765.90M 2,487.40M 2,615.70M 2,323.90M 1,748.10M 1,779.40M 1,774.10M 1,559.80M 1,281.60M 1,293.80M 1,225.40M 700.30M 886.40M 791.80M 752.10M 747.10M
Short-Term Debt 552.80M 571.70M 480.80M 451.20M 457.20M 502.00M 505.90M 758.70M 677.70M 675.80M 880.00M 585.40M 408.00M 364.10M 291.80M 205.70M 203.60M 20.60M
Tax Payables 141.10M 164.00M 168.30M 267.40M 220.80M 66.40M 49.70M 59.00M 62.80M 42.50M 25.20M 22.90M 23.60M 11.10M 4.40M 4.30M 9.20M 4.20M
Deferred Revenue 0.00M 0.00M 0.00M 567.30M 953.60M 2,273.70M 1,076.50M 971.20M 62.80M 495.00M 394.80M 336.70M 565.30M 195.00M 127.60M 140.30M 167.70M 512.50M
Other Current Liabilities 2,022.20M 2,525.70M 2,706.20M 942.70M 917.20M 520.90M 337.70M 386.00M 397.00M 181.30M -44.40M 48.50M 536.20M -57.90M 221.40M 275.20M 281.10M 576.50M
Total Current Liabilities 5,277.80M 5,978.20M 6,121.20M 4,716.00M 5,164.50M 5,686.90M 3,717.90M 3,954.30M 2,974.40M 2,954.40M 2,537.20M 2,287.30M 2,758.50M 1,212.60M 1,531.60M 1,417.30M 1,413.70M 1,860.90M
Long-Term Debt 2,210.60M 2,229.30M 2,370.80M 2,318.90M 2,319.50M 2,572.10M 3,265.40M 4,445.10M 5,241.20M 5,545.50M 3,163.50M 3,172.40M 3,137.10M 2,337.30M 1,864.30M 1,689.30M 1,496.10M 873.30M
Capital Lease Obligations 3,498.60M 3,658.30M 3,756.70M 2,260.50M 2,660.10M 2,423.10M 1,400.30M 1,193.30M 99.00M 123.60M 137.20M 149.50M 206.30M 233.60M 215.80M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 142.00M 210.40M 255.10M 200.80M 40.80M 14.10M 10.10M 8.70M 5.30M 4.00M 1.80M 1.50M 1.50M 1.00M 1.60M 1.50M 5.60M 0.60M
Other Non-Current Liabilities 375.30M 387.10M 390.10M 369.10M 293.30M 15.40M 462.10M 428.50M 354.30M -2.60M 11.90M 6.20M 8.20M 6.20M 5.40M 5.80M 5.30M 5.50M
Total Non-Current Liabilities 6,226.50M 6,485.10M 6,772.70M 5,149.30M 5,313.70M 5,024.70M 5,137.90M 6,075.60M 5,699.80M 5,670.50M 3,314.40M 3,329.60M 3,353.10M 2,578.10M 2,087.10M 1,696.60M 1,507.00M 879.40M
Total Liabilities 11,504.30M 12,463.30M 12,893.90M 9,865.30M 10,478.20M 10,711.60M 8,855.80M 10,029.90M 8,674.20M 8,624.90M 5,851.60M 5,616.90M 6,111.60M 3,790.70M 3,618.70M 3,113.90M 2,920.70M 2,740.30M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 265.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 175.80M 175.80M 175.80M 175.80M 175.80M 175.80M 175.80M 175.80M 175.80M 175.80M 118.10M 118.10M 104.90M 66.10M 66.10M 60.00M 3,086.60M 2,384.80M
Retained Earnings 15,322.60M 16,505.60M 16,063.80M 15,305.60M 23,447.30M 12,608.80M 4,159.90M 3,430.80M 3,117.40M 3,173.90M 3,152.90M 3,052.30M 2,286.10M 2,045.80M -190.40M -61.30M 0.00M -401.90M
Accumulated OCI -474.50M 1,017.70M 1,776.80M 571.80M 1,633.00M 727.10M -265.80M 362.60M -3,062.60M -2,369.60M -2,144.60M -1,689.90M -1,205.10M -975.60M -739.00M -634.90M -429.00M -178.90M
Minority Interest 55.00M 59.90M 69.40M 76.40M 17.70M 12.90M 15.50M 14.00M 10.60M 12.50M 3.80M 7.80M 5.30M 2.70M 0.80M 0.30M 0.30M 0.40M
Total Shareholders’ Equity 15,023.90M 17,699.10M 18,016.40M 16,053.20M 25,256.10M 13,511.70M 4,335.70M 3,969.20M 230.60M 980.10M 1,126.40M 1,480.50M 1,185.90M 1,136.30M -863.30M -636.20M 2,657.60M 1,804.00M
Total Equity 15,078.90M 17,759.00M 18,085.80M 16,129.60M 25,273.80M 13,524.60M 4,351.20M 3,983.20M 241.20M 992.60M 1,130.20M 1,488.30M 1,191.20M 1,139.00M -862.50M -635.90M 2,657.90M 1,804.40M
Total Liabilities & Equity 26,583.20M 30,222.30M 30,979.70M 25,994.90M 35,752.00M 24,236.20M 13,207.00M 14,013.10M 8,915.40M 9,617.50M 6,981.80M 7,105.20M 7,302.80M 4,929.70M 2,756.20M 2,478.00M 5,578.60M 4,544.70M
Tangible Assets 25,892.80M 29,232.00M 29,781.90M 25,277.40M 35,325.30M 23,550.20M 12,490.40M 13,187.10M 12,245.40M 11,891.20M 8,421.82M 8,076.60M 7,324.20M 5,697.70M 5,470.30M 5,159.80M 5,019.20M 3,793.80M
Tangible Equity 11,751.10M 14,131.30M 14,302.50M 12,482.60M 22,021.30M 10,417.40M 1,425.40M 665.80M -3,100.80M -2,279.70M -1,871.88M -1,498.80M -1,494.10M -55.30M -2,175.90M -2,072.80M 2,217.60M 1,804.40M
Tangible Book Value 11,751.10M 14,131.30M 14,302.50M 12,482.60M 22,021.30M 10,417.40M 1,425.40M 665.80M -3,100.80M -2,279.70M -1,871.88M -1,498.80M -1,494.10M -55.30M -2,175.90M -2,072.80M 2,217.60M 1,804.40M
Total Investments 3,667.40M 3,820.90M 1,480.10M 1,301.30M 368.20M 340.00M 370.70M 342.10M 331.00M 347.50M 326.50M 325.90M 384.80M 332.50M 329.60M 362.80M 239.50M 323.60M
Net Debt -832.30M -2,646.50M -2,605.00M -2,954.50M -12,459.40M -4,626.90M 3,103.40M 4,692.20M 5,261.80M 5,616.40M 3,473.30M 3,184.10M 2,833.70M 2,236.60M 1,595.30M 1,222.50M 947.90M 480.60M

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
Working Capital 2,330.6M 3,836.7M 3,863.8M 4,329.9M 15,395.7M 5,472.2M -1,241.7M -1,605.0M -920.4M -571.4M -1,031.3M -834.1M -400.2M -117.5M -87.0M 165.0M 264.5M -266.0M
Total Capital 23,923.3M 26,795.8M 27,262.1M 23,721.2M 33,330.2M 21,646.3M 11,843.3M 13,003.8M 12,266.6M 12,381.3M 9,235.3M 8,945.7M 7,881.4M 5,847.4M 5,485.1M 5,319.1M 5,142.9M 3,659.0M
Capital Employed 22,889.4M 25,831.1M 26,455.1M 23,109.8M 32,290.3M 20,756.2M 11,391.4M 12,206.8M 11,924.6M 12,062.1M 8,691.6M 8,680.0M 7,902.8M 5,572.2M 5,415.2M 5,335.9M 5,321.6M 4,270.3M
Invested Capital 20,327.6M 21,348.3M 21,805.5M 17,996.6M 18,094.1M 13,945.3M 11,175.4M 12,492.2M 11,609.5M 11,776.4M 8,665.1M 8,372.0M 7,170.0M 5,382.6M 4,924.3M 4,646.6M 4,391.1M 3,245.7M

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
Net Income 2,369.20M 776.60M 2,385.50M 2,950.60M 17,042.60M 9,085.00M 935.40M 373.40M 46.00M 32.10M -93.10M 113.90M -603.70M -97.40M -128.30M -28.80M 427.50M -401.80M
Depreciation & Amortization 2,203.50M 1,998.60M 2,071.70M 1,931.70M 1,903.60M 1,462.80M 1,385.20M 1,174.40M 695.10M 643.60M 481.00M 464.60M 481.70M 324.80M 332.00M 285.80M 318.20M 238.90M
Deferred Income Tax 0.00M -117.40M 0.00M 0.00M 19.40M 3.70M 11.80M 2.50M -9.60M 0.40M 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 0.60M 1.40M 1.60M 4.17M 3.73M 3.95M 1.40M 0.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 288.40M -246.00M -141.90M 720.40M 328.40M -344.50M 207.10M 121.00M 33.60M -97.60M -162.60M -180.20M 309.50M -277.90M -18.80M -96.40M -208.00M -192.90M
Accounts Receivable 53.70M -307.30M -608.30M 1,148.60M 302.30M -1,383.40M -225.40M -54.00M -46.60M -69.20M 20.10M 69.00M 58.50M -89.90M -120.90M 0.00M 0.00M 0.00M
Inventory -121.60M -128.00M -140.50M -22.90M -81.80M -139.50M 59.10M -5.60M -41.60M -35.00M -26.20M 74.20M 70.90M 2.90M 27.10M -55.50M -42.10M -28.60M
Accounts Payable 0.00M -104.10M 0.00M -1,148.60M -302.30M 1,383.40M 225.40M 54.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 356.30M 293.40M 606.90M 743.30M 410.20M -205.00M 148.00M 126.60M 75.20M -62.60M -136.40M -254.40M 238.60M -280.80M -45.90M -40.90M -165.90M -164.30M
Other Non-Cash Items -90.00M 1,169.40M 49.60M -636.70M 208.70M 201.60M 356.80M 352.73M 298.20M 315.80M 191.90M 173.80M 189.70M 117.00M -52.30M 83.20M 126.40M 26.00M
Net Cash from Operating Activities 4,771.10M 2,429.80M 4,364.90M 4,966.00M 19,503.30M 10,410.00M 2,897.90M 2,028.20M 1,072.90M 893.90M 417.20M 572.10M 377.20M 66.50M 132.60M 243.80M 664.10M -329.80M
Capital Expenditures (PPE) -2,321.70M -1,969.70M -2,166.40M -1,704.60M -1,440.60M -1,252.70M -534.10M -426.10M -328.90M -411.30M -353.70M -724.30M -340.50M -664.50M -526.70M -261.90M -502.20M -134.10M
Acquisitions (Net) -136.90M -776.20M -216.30M -1,636.30M -135.10M -69.70M 31.00M 41.60M -0.40M 380.60M 6.50M 0.00M 44.00M 20.60M 0.00M 0.00M 0.00M -2,578.40M
Purchases of Investments -133.10M 144.40M 0.00M 0.00M -2,832.10M -0.90M 0.00M -10.60M 328.90M 62.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -3.20M -1.60M
Sales / Maturities of Investments 20.20M 136.20M 0.00M 924.80M 50.60M 1.30M 0.00M -41.60M 142.30M 0.90M 0.00M 0.30M 0.00M 20.60M 0.00M 0.00M 0.00M 57.00M
Other Investing Activities 387.10M 56.50M 405.20M 767.90M 291.80M 90.30M 25.50M 67.20M -246.20M -0.50M 35.30M 117.50M 38.90M 78.60M 254.10M 67.10M 58.00M 315.00M
Net Cash from Investing Activities -2,184.40M -2,408.90M -1,977.50M -1,648.20M -4,065.40M -1,231.70M -477.60M -369.50M -104.30M 31.80M -318.40M -606.50M -257.60M -544.70M -272.60M -194.80M -447.40M -2,342.10M
Net Debt Issuance 69.20M -277.80M -80.90M 10.50M -483.60M -913.90M -1,662.80M -827.00M -563.30M -833.80M 106.20M -173.30M 748.20M 587.00M 763.10M -30.90M 111.80M 563.50M
Long-Term Debt Issuance 69.20M 224.80M -80.90M 10.50M -483.60M -913.90M -1,148.50M 924.30M 782.10M 1,641.90M 966.00M 575.30M 748.20M 1,118.80M 763.10M 516.90M 443.40M 563.50M
Short-Term Debt Issuance 0.00M -502.60M 0.00M 0.00M 0.00M 0.00M -514.30M -1,751.30M -1,345.40M -2,475.70M -859.80M -748.60M 0.00M -531.80M 0.00M -547.80M -331.60M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1.70M 0.00M 0.00M 0.00M 306.90M 0.00M 0.00M 0.00M 142.50M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.20M 351.50M 0.00M 264.50M 306.90M 0.00M 0.00M 0.00M 142.50M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1.90M -4.00M 0.00M 0.00M 0.00M 0.00M -136.90M 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
Net Dividends Paid -1,455.60M -1,651.90M -1,639.50M -11,088.30M -6,151.60M -615.20M -193.40M -39.50M -115.70M -3.10M -6.30M -2.10M -0.90M -0.60M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid -1,455.60M -1,651.90M -1,639.50M -11,088.30M -6,151.60M -619.60M -197.60M -39.50M -115.70M -3.10M -6.30M -2.10M -0.90M -0.60M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M -15.00M 0.00M -13.90M -5.90M 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 -1,434.50M -748.50M -1,362.60M -1,098.70M -1,594.50M -933.60M -325.80M -951.10M -264.90M 30.60M -219.30M -1.70M -972.60M -183.20M -723.40M -99.40M -148.50M 2,550.40M
Net Cash from Financing Activities -2,820.90M -2,655.40M -3,083.00M -12,176.50M -8,229.70M -2,481.00M -2,192.10M -1,817.60M -945.60M -806.30M -119.40M -177.10M 81.60M 403.20M 39.70M -130.30M 105.80M 3,113.90M
Effect of FX on Cash -410.10M 83.00M 366.40M -567.60M 304.50M 344.80M -58.50M 13.40M 29.20M -84.70M 17.10M 73.80M 45.40M -21.00M -11.40M 1.90M 16.00M -28.70M
Net Change in Cash -644.40M -669.30M -329.20M -9,426.30M 7,512.70M 7,042.10M 169.70M -145.50M 52.20M 34.70M -3.50M -137.70M 246.60M -96.00M -111.70M -79.30M 338.50M 413.30M
Cash at Beginning of Period 19,777.60M 23,548.20M 5,809.80M 15,236.10M 7,723.40M 681.30M 511.60M 657.10M 604.90M 570.20M 573.70M 711.40M 464.80M 560.80M 672.50M 751.80M 413.30M 0.00M
Cash at End of Period 19,133.20M 21,290.50M 5,480.60M 5,809.80M 15,236.10M 7,723.40M 681.30M 511.60M 657.10M 604.90M 570.20M 573.70M 711.40M 464.80M 560.80M 672.50M 751.80M 413.30M
Operating Cash Flow 4,771.10M 2,429.80M 4,364.90M 4,966.00M 19,503.30M 10,410.00M 2,897.90M 2,028.20M 1,072.90M 893.90M 417.20M 572.10M 377.20M 66.50M 132.60M 243.80M 664.10M -329.80M
Capital Expenditure -2,321.70M -1,969.70M -2,166.40M -1,704.60M -1,440.60M -1,252.70M -534.10M -426.10M -328.90M -411.30M -353.70M -724.30M -340.50M -664.50M -526.70M -261.90M -502.20M -134.10M
Free Cash Flow 2,449.40M 460.10M 2,198.50M 3,261.40M 18,062.70M 9,157.30M 2,363.80M 1,602.10M 744.00M 482.60M 63.50M -152.20M 36.70M -598.00M -394.10M -18.10M 161.90M -463.90M

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
EBITDA 4,863.70M 2,988.30M 4,871.30M 6,289.60M 19,516.80M 10,928.90M 2,769.90M 2,086.10M 1,402.10M 1,291.10M 844.30M 1,029.00M 408.20M 420.70M 268.20M 1,065.50M 1,672.70M 488.10M
(-) Tax Adjustment 66.01M 455.23M 426.95M 174.50M 227.05M 73.25M 129.28M 214.97M 490.74M 451.89M 0.00M 186.42M 0.00M 0.00M 0.00M 0.00M 63.61M 2.90M
(-) Change In Working Capital 288.40M -246.00M -141.90M 720.40M 328.40M -344.50M 207.10M 121.00M 33.60M -97.60M -162.60M -180.20M 309.50M -277.90M -18.80M -96.40M -208.00M -192.90M
(-) Capital Expenditure -2,321.70M -1,969.70M -2,166.40M -1,704.60M -1,440.60M -1,252.70M -534.10M -426.10M -328.90M -411.30M -353.70M -724.30M -340.50M -664.50M -526.70M -261.90M -502.20M -134.10M
Unlevered Free Cash Flow 2,187.59M 809.37M 2,419.85M 3,690.10M 17,520.75M 9,947.45M 1,899.42M 1,324.03M 548.87M 525.52M 653.20M 298.48M -241.80M 34.10M -239.70M 900.00M 1,314.89M 544.00M
(-) Net Interest Income After Taxes -0.79M 34.08M -36.95M 203.10M -31.73M -223.79M -313.64M -379.68M -236.54M -216.06M -217.80M -186.12M -209.70M -153.60M -126.90M -98.50M -129.10M -58.15M
Net Debt Issuance 69.20M -277.80M -80.90M 10.50M -483.60M -913.90M -1,662.80M -827.00M -563.30M -833.80M 106.20M -173.30M 748.20M 587.00M 763.10M -30.90M 111.80M 563.50M
Levered Free Cash Flow 2,257.58M 497.50M 2,375.90M 3,497.49M 17,068.88M 9,257.34M 550.27M 876.70M 222.10M -92.23M 977.20M 311.30M 716.10M 774.70M 650.30M 967.60M 1,555.79M 1,165.65M