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Definitive Analysis

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Page: Company Financials

Kuantum Papers Limited

Ticker: KUANTUM.BO | Industry: Paper, Lumber & Forest Products | Sector: Basic Materials
$88.41 +3.39 (3.99%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Stock Price 110.07 144.91 166.21 103.31 75.86 42.61 45.41 44.75 44.75 44.75 44.75 44.75 44.75 44.75 44.75 44.75 44.75 44.75
Market Capitalization 9,613.28M 12,643.39M 14,504.31M 8,998.44M 6,611.25M 3,711.24M 3,961.22M 3,905.05M 3,905.08M 4,019.27M 4,253.27M 4,071.43M 4,114.93M 3,912.54M 3,867.96M 3,887.01M 3,905.05M 1,952.52M
(-) Cash & Equivalents 33.33M -17.15M -54.60M -44.65M -85.75M -25.66M -64.85M -80.95M -1.99M 0.00M 0.00M 0.00M 0.00M 14.06M 9.27M 0.00M 0.00M 0.00M
(+) Total Debt 4,437.68M 2,508.16M 2,453.36M 3,561.75M 3,512.97M 2,966.69M 1,916.01M 1,633.28M 1,155.04M 921.78M 410.03M 588.53M 704.20M 888.88M 370.26M 0.00M 0.00M 0.00M
Enterprise Value 14,017.64M 15,168.69M 17,012.27M 12,604.85M 10,209.96M 6,703.59M 5,942.08M 5,619.28M 5,062.11M 4,941.06M 4,663.30M 4,659.97M 4,819.14M 4,787.36M 4,228.94M 3,887.01M 3,905.05M 1,952.52M

Income Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
Revenue 10,476M 11,590M 11,070M 12,062M 13,025M 8,259M 4,023M 7,427M 7,912M 7,035M 6,096M 5,258M 4,993M 4,790M 4,216M 3,742M 3,066M 2,122M 1,972M 1,658M
Cost of Revenue 6,658M 6,838M 6,871M 8,793M 5,897M 4,643M 2,164M 4,095M 4,160M 3,614M 2,072M 1,905M 1,791M 1,539M 1,297M 1,264M 2,450M 1,496M 1,361M 1,222M
Gross Profit 3,818M 4,752M 4,199M 3,269M 7,128M 3,616M 1,859M 3,333M 3,752M 3,421M 4,025M 3,353M 3,203M 3,252M 2,919M 2,479M 616M 626M 611M 435M
Gross Profit Margin 36.4% 41.0% 37.9% 27.1% 54.7% 43.8% 46.2% 44.9% 47.4% 48.6% 66.0% 63.8% 64.1% 67.9% 69.2% 66.2% 20.1% 29.5% 31.0% 26.2%
R&D Expenses 0M 0M 38M 30M 27M 21M 18M 23M 19M 14M 12M 11M 9M 8M 6M 0M 0M 0M 0M 0M
SG&A Expenses 428M 870M 119M 235M 111M 599M 61M 70M 151M 158M 161M 4M 283M 292M 260M 0M 0M 0M 0M 0M
Operating Expenses 2,169M 1,044M 806M 268M 695M 2,875M 1,910M 2,370M 2,401M 2,121M 2,992M 2,835M 2,694M 2,667M 2,479M 2,182M 287M 532M 401M 251M
Operating Income (EBIT) 1,649M 3,708M 3,393M 3,002M 6,433M 741M -51M 963M 1,351M 1,300M 1,032M 518M 508M 584M 439M 297M 329M 94M 210M 184M
Operating Income Margin 15.7% 32.0% 30.7% 24.9% 49.4% 9.0% -1.3% 13.0% 17.1% 18.5% 16.9% 9.9% 10.2% 12.2% 10.4% 7.9% 10.7% 4.4% 10.7% 11.1%
Interest Income 0M 0M 0M 21M 15M 12M 11M 26M 52M 15M 10M 6M 10M 4M 7M 4M 0M 0M 0M 0M
Interest Expense 432M 376M 393M 428M 715M 701M 282M 312M 256M 246M 202M 199M 209M 211M 235M 243M 227M 0M 0M 0M
Net Interest Income -432M -376M -393M -408M -700M -689M -271M -286M -204M -230M -192M -193M -199M -208M -228M -238M -227M 0M 0M 0M
Unusual Items -328M -1,393M -1,446M -118M -3,703M 24M 4M -25M -38M 1M 8M 4M 8M -3M 1M -4M 0M 0M 0M 0M
EBT Excluding Unusual Items 1,217M 3,332M 3,000M 2,594M 5,733M 53M -322M 677M 1,146M 1,070M 841M 325M 309M 377M 211M 59M 103M 94M 210M 184M
Pre-Tax Income 889M 1,939M 1,554M 2,476M 2,030M 77M -318M 652M 1,109M 1,071M 849M 329M 317M 373M 213M 55M 103M 94M 210M 184M
Pre-Tax Margin 8.5% 16.7% 14.0% 20.5% 15.6% 0.9% -7.9% 8.8% 14.0% 15.2% 13.9% 6.3% 6.3% 7.8% 5.0% 1.5% 3.3% 4.4% 10.7% 11.1%
Income Tax Expense 240M 498M 402M 638M 668M -57M -191M -66M 330M 342M 240M 84M 67M 38M 85M 18M -80M 219M 72M 62M
Net Income 649M 1,441M 1,152M 1,838M 1,362M 134M -127M 718M 779M 729M 609M 245M 250M 335M 128M 37M 183M -125M 138M 123M
Net Income Margin 6.2% 12.4% 10.4% 15.2% 10.5% 1.6% -3.2% 9.7% 9.9% 10.4% 10.0% 4.7% 5.0% 7.0% 3.0% 1.0% 6.0% -5.9% 7.0% 7.4%
Depreciation & Amortization 588M 501M 540M 482M 453M 460M 347M 316M 250M 194M 154M 136M 128M 185M 157M 154M 146M 121M 79M 52M
EBITDA 2,237M 4,210M 3,933M 3,484M 6,886M 1,202M 296M 1,279M 1,601M 1,495M 1,186M 654M 637M 770M 596M 452M 476M 214M 289M 237M
EBITDA Margin 21.4% 36.3% 35.5% 28.9% 52.9% 14.5% 7.4% 17.2% 20.2% 21.2% 19.5% 12.4% 12.8% 16.1% 14.1% 12.1% 15.5% 10.1% 14.7% 14.3%
NOPAT 1,204M 2,756M 2,515M 2,228M 4,315M 1,292M -40M 1,061M 949M 885M 741M 386M 402M 525M 265M 202M 587M -125M 138M 123M
NOPAT Margin 11.5% 23.8% 22.7% 18.5% 33.1% 15.6% -1.0% 14.3% 12.0% 12.6% 12.2% 7.3% 8.0% 11.0% 6.3% 5.4% 19.2% -5.9% 7.0% 7.4%
Owner's Earnings 1,237M 1,943M -1,438M 565M 1,161M 166M -1,624M -1,736M -602M -222M -110M -305M 12M 389M 20M -135M 100M -378M -434M -715M
Owner's Earnings Margin 11.8% 16.8% -13.0% 4.7% 8.9% 2.0% -40.4% -23.4% -7.6% -3.2% -1.8% -5.8% 0.2% 8.1% 0.5% -3.6% 3.3% -17.8% -22.0% -43.1%
EPS (Basic) 7.43 16.52 13.20 21.07 15.60 1.54 -1.46 8.23 8.93 8.35 6.80 2.40 2.46 3.62 1.47 0.42 2.09 -1.44 1.56 1.39
EPS (Diluted) 7.43 16.52 13.20 21.07 15.60 1.54 -1.46 8.23 8.93 8.35 6.98 2.81 2.87 3.84 1.47 0.43 2.10 -1.44 1.58 1.41
Shares (Basic) 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M
Shares (Diluted) 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M 87M

Balance Sheet

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
Cash & Cash Equivalents 7.60M 0.00M 92.38M 705.86M 15.43M 35.61M 4.52M 4.64M 390.19M 142.23M 372.53M 67.95M 240.40M 35.69M 41.14M 16.97M 29.98M 14.34M 12.02M 6.83M
Short-Term Investments 124.80M 92.38M 122.00M 73.44M 173.09M 10.59M 0.00M 0.00M 23.10M 338.95M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 132.40M 92.38M 214.38M 779.31M 188.51M 46.20M 4.52M 4.64M 413.29M 481.18M 372.53M 67.95M 240.40M 35.69M 41.14M 16.97M 29.98M 14.34M 12.02M 6.83M
Net Receivables 319.60M 0.00M 390.92M 342.25M 290.46M 614.66M 330.82M 143.35M 334.82M 335.88M 353.78M 366.79M 520.48M 401.48M 335.51M 0.00M 222.28M 0.00M 0.00M 152.84M
Inventory 1,134.50M 0.00M 1,261.99M 1,840.33M 1,591.74M 1,242.32M 737.00M 923.85M 635.72M 744.82M 608.75M 530.38M 479.84M 443.35M 463.05M 327.58M 270.70M 312.30M 146.71M 139.72M
Other Current Assets 478.70M -92.38M 845.30M 41.13M 5.70M 200.42M 404.58M 703.48M 647.46M 470.53M 464.81M 136.33M 101.31M 82.57M 390.99M 252.55M 65.77M 0.00M 0.00M 0.00M
Total Current Assets 2,065.20M 0.00M 2,712.58M 3,003.01M 2,076.40M 2,103.60M 1,476.92M 1,775.31M 2,031.28M 2,032.39M 1,799.86M 1,101.45M 1,342.03M 963.09M 1,230.68M 597.10M 588.72M 326.64M 158.73M 299.39M
Property, Plant & Equipment 18,713.20M 0.00M 17,565.29M 15,097.20M 14,374.48M 14,294.72M 14,468.13M 13,297.14M 10,178.50M 8,950.13M 8,053.08M 7,370.44M 6,993.12M 2,651.58M 2,587.28M 2,436.37M 2,404.13M 2,301.65M 2,048.70M 1,477.33M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 128.40M 0.00M 111.35M 4.18M 0.00M 0.36M 16.76M 55.02M 75.15M 57.11M 21.69M 0.00M 0.00M 0.82M 18.62M 24.75M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 123.00M 0.00M 0.00M 77.22M -133.65M 117.98M -155.49M 170.75M 121.31M 85.45M 90.00M 5.39M 1.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 12.24M 236.98M 324.22M 481.91M 389.89M 313.83M 314.53M 13.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 547.90M 0.00M 738.32M 632.79M 522.11M -41.54M 0.12M -303.49M 34.89M -27.39M 142.11M 558.07M 297.03M 224.90M 226.18M 178.52M 0.00M 0.00M 12.98M 12.98M
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
Total Non-Current Assets 19,512.50M 0.00M 18,414.96M 15,811.39M 14,775.19M 14,608.49M 14,653.72M 13,701.33M 10,799.75M 9,379.13M 8,621.40M 7,947.39M 7,291.14M 2,877.30M 2,832.08M 2,639.64M 2,404.13M 2,301.65M 2,061.69M 1,490.31M
Total Assets 21,577.70M 0.00M 21,127.54M 18,814.40M 16,851.59M 16,712.09M 16,130.64M 15,476.64M 12,831.02M 11,411.52M 10,421.26M 9,048.85M 8,633.17M 3,840.39M 4,062.76M 3,236.74M 2,992.84M 2,628.29M 2,220.41M 1,789.70M
Accounts Payable 508.30M 0.00M 418.52M 569.39M 258.26M 356.92M 447.81M 278.65M 313.26M 304.70M 244.15M 244.41M 242.63M 374.04M 375.16M 159.51M 0.00M 39.59M 38.85M 0.00M
Short-Term Debt 2,295.60M 0.00M 2,509.18M 2,054.99M 1,449.79M 1,175.49M 752.95M 1,049.84M 942.90M 829.54M 1,027.82M 701.10M 714.76M 822.10M 373.21M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 81.40M 91.18M 5.16M 0.26M 9.64M 1.67M 9.60M 181.13M 191.91M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M -48.13M 14.76M 31.09M 283.42M 653.39M 234.13M 195.10M 14.00M 49.28M 55.62M 27.97M 11.64M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 449.40M 0.00M 340.43M 36.70M 171.19M 109.09M -34.30M -99.96M 126.40M 144.61M 80.91M 78.80M 17.86M 32.49M 506.40M 781.95M 74.83M 64.96M 66.11M 100.45M
Total Current Liabilities 3,253.30M 0.00M 3,268.12M 2,694.34M 1,985.19M 1,677.75M 1,450.15M 1,891.56M 1,618.36M 1,483.55M 1,548.00M 1,265.50M 1,030.87M 1,256.61M 1,266.41M 941.45M 74.83M 104.55M 104.96M 100.45M
Long-Term Debt 4,481.00M 0.00M 4,027.26M 3,070.02M 3,678.29M 6,447.67M 6,136.65M 4,683.19M 3,002.71M 2,383.40M 1,990.97M 1,420.70M 1,218.58M 640.93M 1,249.45M 1,311.04M 1,986.62M 1,701.31M 1,518.89M 1,179.38M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1.21M 1.33M 4.56M 2.84M 0.83M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 1,467.30M 0.00M 1,399.72M 1,257.27M 1,172.14M 12.68M 83.72M 272.37M 459.88M 378.59M 571.06M 482.71M 419.78M 379.61M 341.91M 257.40M 239.77M 319.56M 100.67M 43.10M
Other Non-Current Liabilities 273.20M -12,127.11M 262.04M 248.41M 241.31M 192.83M 181.08M 174.18M 164.79M 562.56M 407.35M 605.59M 530.30M 446.24M 442.79M 95.61M 0.00M 250.60M 98.32M 0.00M
Total Non-Current Liabilities 6,221.50M -12,127.11M 5,689.03M 4,575.70M 5,091.74M 6,653.19M 6,401.44M 5,129.74M 3,627.39M 3,324.55M 2,970.59M 2,510.32M 2,173.22M 1,469.62M 2,034.97M 1,664.04M 2,226.39M 2,271.47M 1,717.88M 1,222.49M
Total Liabilities 9,474.80M -12,127.11M 8,957.15M 7,270.04M 7,076.93M 8,330.94M 7,851.59M 7,021.30M 5,245.75M 4,808.09M 4,518.59M 3,775.82M 3,204.09M 2,726.23M 3,301.38M 2,605.50M 2,301.22M 2,376.03M 1,822.84M 1,322.94M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 9,395.05M 0.00M 0.00M 0.00M 300.00M 300.00M 300.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 87.30M 0.00M 87.26M 87.26M 87.26M 87.26M 87.26M 87.26M 87.26M 87.26M 387.26M 387.26M 387.26M 387.26M 87.26M 92.26M 97.26M 102.26M 107.26M 107.26M
Retained Earnings 0.00M 0.00M 11,474.06M 10,831.18M 9,560.88M 8,197.50M 7,819.49M 7,964.16M 7,302.09M 6,566.63M 1,725.80M 1,116.67M 918.11M 719.93M 403.70M 0.00M 0.00M 0.00M 0.00M 0.00M
Accumulated OCI 0.00M 12,127.11M 320.00M 320.00M 4,395.23M 4,395.23M 0.00M -832.04M -561.37M -334.61M -1,696.12M -1,548.18M -1,423.45M -1,287.80M -1,116.63M -994.34M -880.52M -744.36M -623.76M -545.54M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Shareholders’ Equity 87.30M 12,127.11M 11,881.32M 11,238.44M 14,043.37M 12,679.98M 7,906.76M 16,614.43M 6,827.98M 6,319.28M 416.94M 255.75M 181.93M 119.40M -625.67M -902.08M -783.26M -642.10M -516.50M -438.28M
Total Equity 87.30M 12,127.11M 11,881.32M 11,238.44M 14,043.37M 12,679.98M 7,906.76M 16,614.43M 6,827.98M 6,319.28M 416.94M 255.75M 181.93M 119.40M -625.67M -902.08M -783.26M -642.10M -516.50M -438.28M
Total Liabilities & Equity 9,562.10M 0.00M 20,838.47M 18,508.48M 21,120.30M 21,010.92M 15,758.35M 23,635.73M 12,073.73M 11,127.37M 4,935.53M 4,031.57M 3,386.01M 2,845.63M 2,675.71M 1,703.42M 1,517.96M 1,733.93M 1,306.34M 884.65M
Tangible Assets 21,449.30M 0.00M 21,016.19M 18,810.22M 16,851.59M 16,711.73M 16,113.89M 15,421.62M 12,755.87M 11,354.41M 10,399.57M 9,048.85M 8,633.17M 3,839.57M 4,044.14M 3,211.99M 2,992.84M 2,628.29M 2,220.41M 1,789.70M
Tangible Equity -41.10M 12,127.11M 11,769.97M 11,234.26M 14,043.37M 12,679.63M 7,890.00M 16,559.42M 6,752.82M 6,262.17M 395.25M 255.75M 181.93M 118.58M -644.28M -926.83M -783.26M -642.10M -516.50M -438.28M
Tangible Book Value -41.10M 12,127.11M 11,769.97M 11,234.26M 14,043.37M 12,679.63M 7,890.00M 16,559.42M 6,752.82M 6,262.17M 395.25M 255.75M 181.93M 118.58M -644.28M -926.83M -783.26M -642.10M -516.50M -438.28M
Total Investments 247.80M 0.00M 5.24M 150.66M 39.44M 128.57M 40.52M 170.75M 144.41M 338.95M 90.00M 5.39M 1.00M 0.00M 0.00M 0.00M 0.00M 0.00M 12.98M 12.98M
Net Debt 6,769.00M 0.00M 6,444.06M 4,419.15M 5,112.65M 7,587.55M 6,885.08M 5,728.40M 3,555.42M 3,070.71M 2,646.26M 2,053.84M 1,692.94M 1,427.34M 1,581.52M 1,294.06M 1,956.64M 1,686.97M 1,506.88M 1,172.56M

Capital Metrics

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
Working Capital -1,205.2M 0.0M -555.5M 48.2M 45.1M 404.8M -30.0M -200.0M 540.1M 480.7M 295.2M 8.3M 180.1M -398.2M -368.4M -331.0M 434.5M 419.7M 237.6M 198.9M
Total Capital 18,820.3M 12,127.1M 18,663.6M 16,363.5M 14,796.2M 15,927.9M 15,062.2M 14,050.3M 11,611.5M 10,126.8M 9,247.0M 7,716.5M 7,350.7M 2,476.9M 2,389.4M 1,955.6M 2,598.9M 2,401.8M 2,198.6M 1,646.1M
Capital Employed 18,307.3M 0.0M 17,859.4M 15,859.6M 14,808.1M 15,013.3M 14,623.7M 13,501.3M 11,339.8M 9,859.9M 8,916.6M 7,936.8M 7,471.3M 2,479.1M 2,463.7M 2,308.6M 2,838.7M 2,721.3M 2,299.3M 1,689.2M
Invested Capital 18,812.7M 12,127.1M 18,571.2M 15,657.6M 14,780.8M 15,892.3M 15,057.6M 14,045.6M 11,221.3M 9,984.6M 8,874.5M 7,648.5M 7,110.3M 2,441.2M 2,348.3M 1,938.6M 2,568.9M 2,387.4M 2,186.6M 1,639.3M

Cash Flow Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
Net Income 890.51M 1,568.83M 1,151.81M 1,838.26M 2,029.63M 77.04M -318.30M 651.92M 1,108.89M 1,071.11M 848.71M 328.74M 316.93M 373.17M 212.65M 54.80M 102.66M 93.69M 210.05M 184.42M
Depreciation & Amortization 0.00M 242.71M 539.98M 482.47M 454.37M 461.54M 348.29M 317.02M 251.25M 194.20M 153.84M 135.62M 128.27M 185.37M 156.99M 154.23M 146.41M 120.60M 79.39M 52.41M
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
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
Change in Working Capital 0.00M 0.00M -402.99M -4.16M 15.06M -724.47M 503.33M -408.27M 17.75M 74.48M -282.42M 4.07M -238.21M -69.69M -10.29M 34.36M 1.33M -161.56M -32.59M -93.15M
Accounts Receivable 0.00M 0.00M -48.82M -54.66M 318.61M -275.58M -187.47M 191.47M -146.93M -34.39M 15.27M 32.27M -119.71M -47.36M -143.89M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M -134.21M -227.15M -32.07M -344.52M 399.80M -288.13M 109.10M -136.07M -78.38M -50.54M -36.50M 19.70M -135.47M -56.88M 41.61M -165.60M -6.98M -56.28M
Accounts Payable 0.00M 0.00M -150.01M 311.04M -98.66M -90.89M 164.51M -39.46M 7.17M 72.69M -1.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 0.00M -69.96M -33.39M -172.83M -13.48M 126.48M -272.16M 48.42M 210.55M -204.04M 54.60M -201.72M -89.39M 125.18M 91.24M -40.28M 4.04M -25.61M -36.87M
Other Non-Cash Items -890.51M -1,445.38M 480.77M 661.44M 1,255.27M 669.27M 262.95M 187.67M -20.27M -27.12M 39.14M 98.10M 115.82M 127.61M 170.48M 209.33M 183.72M 166.59M 86.97M 13.60M
Net Cash from Operating Activities 0.00M 485.41M 1,769.57M 2,978.01M 3,754.33M 483.38M 796.27M 748.33M 1,357.63M 1,312.67M 759.27M 566.53M 322.80M 616.45M 529.83M 452.73M 434.12M 219.32M 343.82M 157.29M
Capital Expenditures (PPE) 0.00M 0.00M -3,129.45M -1,755.94M -654.04M -428.28M -1,843.43M -2,770.18M -1,631.52M -1,145.30M -872.78M -685.41M -366.95M -131.75M -264.89M -326.71M -229.54M -373.54M -651.03M -889.83M
Acquisitions (Net) 0.00M 0.00M 18.38M 0.00M 20.94M 30.84M 2.83M 3.31M 0.40M 4.18M 2.06M 0.55M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M -47.91M 0.00M -31.74M -55.96M -48.12M -37.75M 0.00M -191.73M -84.03M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 10.80M 25.13M 45.29M 34.45M 0.00M 0.00M 0.00M 171.63M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 0.00M 0.00M 13.03M 194.84M 57.51M 81.83M 62.13M 255.20M 129.92M 21.39M -75.91M 180.64M -189.50M 16.56M -3.15M 3.77M 21.06M 1.61M 2.45M 1.74M
Net Cash from Investing Activities 0.00M 0.00M -3,145.95M -1,561.10M -596.53M -346.45M -1,781.30M -2,514.98M -1,501.20M -1,315.64M -948.69M -504.77M -556.45M -115.19M -268.04M -322.94M -208.47M -371.94M -648.58M -888.10M
Net Debt Issuance 0.00M 0.00M 1,411.43M -3.07M -2,495.08M 728.32M 1,188.07M 1,737.76M 696.47M 192.58M 626.07M 175.92M 473.54M -323.22M 10.95M 118.58M 26.36M 182.73M 444.23M 764.21M
Long-Term Debt Issuance 0.00M 0.00M 1,183.87M -89.31M -2,474.26M 509.34M 1,207.79M 1,612.46M 651.84M 181.85M 679.85M 238.96M 484.04M -321.65M -30.02M 148.43M 26.36M 182.73M 444.23M 764.21M
Short-Term Debt Issuance 0.00M 0.00M 227.56M 86.24M -20.82M 218.98M -19.72M 125.29M 44.63M 10.73M -53.79M -63.04M -10.50M 30.00M 40.97M -29.85M 0.00M 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 -5.00M -5.00M -5.00M -5.00M 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 333.60M 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 -5.00M -5.00M 0.00M -5.00M 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 -5.00M -5.00M -5.00M -5.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M -260.44M -260.85M 0.00M 0.00M -21.63M -52.27M -26.24M -21.01M -46.34M -46.47M -19.23M -0.20M -0.61M -11.27M -11.64M -27.16M -27.16M -14.32M
Common Dividends Paid 0.00M 0.00M -260.44M -260.85M 0.00M 0.00M -21.63M -52.27M -26.24M -21.01M -10.50M -46.47M -19.23M -0.20M -0.61M -6.11M -11.64M -27.16M -27.16M -14.32M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -35.84M 0.00M 0.00M 0.00M 0.00M -5.16M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M -388.09M -462.55M -682.90M -834.17M -181.53M -304.39M -278.69M -249.38M -206.61M -187.34M -222.03M 65.23M -1.95M -235.41M 0.00M 175.28M -107.12M -18.07M
Net Cash from Financing Activities 0.00M 0.00M 762.90M -726.47M -3,177.98M -105.85M 984.91M 1,381.10M 391.54M -77.80M 408.96M -57.89M 232.28M -493.95M -260.80M -133.11M -210.01M 154.94M 309.95M 731.83M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Change in Cash 0.00M 485.41M -613.48M 690.44M -20.18M 31.09M -0.12M -385.55M 247.96M -80.77M 219.54M 3.87M -1.37M 7.32M 0.99M -3.31M 15.64M 2.32M 5.19M 1.02M
Cash at Beginning of Period 0.00M 23.86M 705.86M 15.43M 35.61M 4.52M 4.64M 390.19M 142.23M 223.00M 16.06M 12.19M 13.56M 6.24M 5.25M 31.67M 14.34M 12.02M 6.83M 5.81M
Cash at End of Period 0.00M 963.08M 92.38M 705.86M 15.43M 35.61M 4.52M 4.64M 390.19M 142.23M 235.60M 16.06M 12.19M 13.56M 6.24M 28.36M 29.98M 14.34M 12.02M 6.83M
Operating Cash Flow 0.00M 485.41M 1,769.57M 2,978.01M 3,754.33M 483.38M 796.27M 748.33M 1,357.63M 1,312.67M 759.27M 566.53M 322.80M 616.45M 529.83M 452.73M 434.12M 219.32M 343.82M 157.29M
Capital Expenditure 0.00M 0.00M -3,129.45M -1,755.94M -654.04M -428.28M -1,843.43M -2,770.18M -1,631.52M -1,145.30M -872.78M -685.41M -366.95M -131.75M -264.89M -326.71M -229.54M -373.54M -651.03M -889.83M
Free Cash Flow 0.00M 485.41M -1,359.89M 1,222.07M 3,100.29M 55.10M -1,047.15M -2,021.85M -273.89M 167.37M -113.51M -118.88M -44.14M 484.71M 264.94M 126.02M 204.59M -154.23M -307.20M -732.55M

Free Cash Flow

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31 2018-03-31 2017-03-31 2016-03-31 2015-03-31 2014-03-31 2013-03-31 2012-03-31 2011-03-31 2010-03-31 2009-03-31 2008-03-31
EBITDA 5,184.12M 4,325.70M 4,582.26M 3,487.32M 7,443.25M 3,455.53M 2,126.97M 3,555.79M 3,832.25M 3,443.95M 4,004.81M 3,473.77M 3,038.92M 3,137.69M 2,810.43M 2,633.06M 762.55M 746.13M 690.14M 487.54M
(-) Tax Adjustment 1,358.08M 1,113.90M 1,185.46M 898.34M 2,450.16M 0.00M 744.44M 0.00M 1,138.75M 1,100.39M 1,130.48M 883.06M 638.12M 317.02M 983.65M 846.87M 0.00M 261.14M 238.17M 162.97M
(-) Change In Working Capital 0.00M 0.00M -402.99M -4.16M 15.06M -724.47M 503.33M -408.27M 17.75M 74.48M -282.42M 4.07M -238.21M -69.69M -10.29M 34.36M 1.33M -161.56M -32.59M -93.15M
(-) Capital Expenditure 0.00M 0.00M -3,129.45M -1,755.94M -654.04M -428.28M -1,843.43M -2,770.18M -1,631.52M -1,145.30M -872.78M -685.41M -366.95M -131.75M -264.89M -326.71M -229.54M -373.54M -651.03M -889.83M
Unlevered Free Cash Flow 3,826.04M 3,211.81M 670.34M 837.21M 4,323.99M 3,751.72M -964.22M 1,193.89M 1,044.23M 1,123.78M 2,283.97M 1,901.23M 2,272.07M 2,758.61M 1,572.17M 1,425.12M 531.69M 273.00M -166.46M -472.12M
(-) Net Interest Income After Taxes -300.65M -300.62M -291.33M -302.57M -469.61M -688.69M -176.36M -286.14M -143.55M -156.83M -137.70M -143.98M -157.34M -186.66M -148.22M -161.72M -226.50M 0.00M 0.00M 0.00M
Net Debt Issuance 0.00M 0.00M 1,411.43M -3.07M -2,495.08M 728.32M 1,188.07M 1,737.76M 696.47M 192.58M 626.07M 175.92M 473.54M -323.22M 10.95M 118.58M 26.36M 182.73M 444.23M 764.21M
Levered Free Cash Flow 4,126.68M 3,512.42M 2,373.10M 1,136.72M 2,298.52M 5,168.73M 400.21M 3,217.78M 1,884.25M 1,473.19M 3,047.73M 2,221.13M 2,902.95M 2,622.04M 1,731.34M 1,705.42M 784.55M 455.72M 277.77M 292.09M