Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Ørsted A/S

Ticker: ORSTED.CO | Industry: Renewable Utilities | Sector: Utilities
$146.20 +0.70 (0.48%)
As of: 2026-01-28

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Stock Price 159.35 211.50 276.18 393.22 498.62 493.37 333.48 228.56 175.24 144.64 143.40 143.40 143.40 143.40
Market Capitalization 67,166.53M 88,837.19M 116,549.01M 165,145.58M 215,199.00M 207,488.30M 140,474.14M 96,163.22M 73,547.40M 60,743.58M 60,017.91M 48,319.28M 42,353.96M 42,101.00M
(-) Cash & Equivalents 9,917.50M 14,467.50M 14,197.25M 8,838.00M 7,638.25M 5,736.75M 5,633.75M 2,806.25M 2,669.75M 4,140.25M 4,255.25M 6,404.25M 2,813.25M 3,311.50M
(+) Total Debt 91,315.00M 101,969.25M 87,810.25M 67,299.00M 54,621.50M 41,716.00M 40,226.75M 31,410.00M 25,079.25M 29,139.50M 38,912.25M 39,249.00M 50,730.25M 0.00M
Enterprise Value 148,564.03M 176,338.94M 190,162.01M 223,606.58M 262,182.25M 243,467.55M 175,067.14M 124,766.97M 95,956.90M 85,742.83M 94,674.91M 81,164.03M 90,270.96M 38,789.50M

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
Revenue 64,287M 51,224M 58,833M 69,077M 126,091M 69,139M 37,101M 59,338M 68,646M 59,709M 57,393M 74,387M 71,829M 72,199M 65,860M
Cost of Revenue 39,934M 37,970M 35,963M 46,624M 97,163M 53,110M 25,784M 42,836M 54,018M 40,694M 37,622M 45,072M 43,063M 47,123M 47,514M
Gross Profit 24,353M 13,254M 22,870M 22,453M 28,928M 16,029M 11,317M 16,502M 14,628M 19,015M 19,771M 29,315M 28,766M 25,076M 18,346M
Gross Profit Margin 37.9% 25.9% 38.9% 32.5% 22.9% 23.2% 30.5% 27.8% 21.3% 31.8% 34.4% 39.4% 40.0% 34.7% 27.9%
R&D Expenses 1,555M 2,306M 0M 2,306M 2,134M 2,162M 1,935M 2,060M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 4,583M 14,175M 0M 13,780M 7,049M 5,760M 5,774M 6,091M 5,865M 4,241M 4,078M 6,573M 10,483M 10,446M 11,780M
Operating Expenses 13,205M 11,421M 16,699M 50,484M 15,540M 7,737M 3,682M 5,385M 4,914M 13,441M 11,029M 33,612M 27,775M 23,478M 21,423M
Operating Income (EBIT) 11,148M 1,833M 6,171M -28,031M 13,388M 8,292M 7,635M 11,117M 9,714M 5,574M 8,742M -4,297M 991M 1,598M -3,077M
Operating Income Margin 17.3% 3.6% 10.5% -40.6% 10.6% 12.0% 20.6% 18.7% 14.2% 9.3% 15.2% -5.8% 1.4% 2.2% -4.7%
Interest Income 7,125M 5,264M 1,553M 1,642M 368M 335M 374M 291M 326M 287M 459M 718M 672M 390M 1,100M
Interest Expense 11,097M 4,398M 4,009M 4,088M 2,684M 2,569M 2,656M 2,541M 1,665M 1,118M 1,156M 2,111M 2,351M 2,841M 0M
Net Interest Income -3,972M 866M -2,456M -2,446M -2,316M -2,234M -2,282M -2,250M -1,339M -831M -697M -1,393M -1,679M -2,451M 1,100M
Unusual Items 704M -20,222M -1,109M 11,451M 6,537M 7,219M 11,971M 1,525M 13,591M 10,356M 4,137M -239M 2,514M 277M -2,200M
EBT Excluding Unusual Items 7,176M 2,699M 3,715M -30,477M 11,072M 6,058M 5,353M 8,867M 8,375M 4,743M 8,045M -5,690M -688M -853M -1,977M
Pre-Tax Income 7,880M -17,523M 2,606M -19,026M 17,609M 13,277M 17,324M 10,392M 21,966M 15,099M 12,182M -5,929M 1,826M -576M -4,177M
Pre-Tax Margin 12.3% -34.2% 4.4% -27.5% 14.0% 19.2% 46.7% 17.5% 32.0% 25.3% 21.2% -8.0% 2.5% -0.8% -6.3%
Income Tax Expense 532M 4,376M 2,590M 1,156M 2,613M 2,390M 1,776M 3,101M 3,700M 1,778M 1,715M 3,524M 4,136M 1,015M 949M
Net Income 6,642M -22,073M -923M -20,506M 15,126M 10,962M 15,598M 7,181M 18,251M 13,321M 8,046M -9,453M -2,310M -1,591M -4,686M
Net Income Margin 10.3% -43.1% -1.6% -29.7% 12.0% 15.9% 42.0% 12.1% 26.6% 22.3% 14.0% -12.7% -3.2% -2.2% -7.1%
Depreciation & Amortization 10,109M 10,009M 10,225M 9,795M 9,754M 7,972M 7,588M 6,864M 5,978M 5,739M 5,232M 25,734M 17,566M 13,040M 9,065M
EBITDA 21,257M 11,842M 16,396M -18,236M 23,142M 16,264M 15,223M 17,981M 15,692M 11,313M 13,974M 21,437M 18,557M 14,638M 5,988M
EBITDA Margin 33.1% 23.1% 27.9% -26.4% 18.4% 23.5% 41.0% 30.3% 22.9% 18.9% 24.3% 28.8% 25.8% 20.3% 9.1%
NOPAT 10,395M 1,448M 38M -22,144M 11,401M 6,799M 6,852M 7,800M 8,078M 4,918M 7,511M -3,395M -1,254M 1,262M -2,431M
NOPAT Margin 16.2% 2.8% 0.1% -32.1% 9.0% 9.8% 18.5% 13.1% 11.8% 8.2% 13.1% -4.6% -1.7% 1.7% -3.7%
Owner's Earnings -33,971M -50,856M -33,352M -48,914M -8,124M -15,635M -3,771M -8,400M 9,574M 1,468M -1,702M -2,458M 625M -9,590M -12,167M
Owner's Earnings Margin -52.8% -99.3% -56.7% -70.8% -6.4% -22.6% -10.2% -14.2% 13.9% 2.5% -3.0% -3.3% 0.9% -13.3% -18.5%
EPS (Basic) 14.07 -52.92 -2.20 -50.11 34.62 24.33 35.97 15.49 43.44 31.70 18.10 -22.63 -5.77 -5.42 -15.95
EPS (Diluted) 15.78 -52.55 -2.20 -48.76 35.98 26.08 37.11 17.08 43.39 31.68 19.14 -22.56 -5.75 -5.42 -15.95
Shares (Basic) 421M 420M 420M 420M 420M 420M 420M 420M 420M 420M 419M 418M 400M 294M 294M
Shares (Diluted) 421M 420M 420M 421M 420M 420M 420M 420M 421M 420M 420M 419M 401M 294M 294M

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
Cash & Cash Equivalents 12,004.00M 7,831.00M 22,809.00M 10,145.00M 13,707.00M 8,624.00M 5,442.00M 6,459.00M 2,663.00M 4,203.00M 2,931.00M 3,677.00M 4,782.00M 1,909.00M 3,351.00M
Short-Term Investments 12,718.00M 15,042.00M 10,129.00M 29,515.00M 24,428.00M 6,210.00M 24,424.00M 15,795.00M 25,501.00M 25,280.00M 16,533.00M 21,221.00M 24,948.00M 16,118.00M 12,507.00M
Cash & Short-Term Investments 24,722.00M 22,873.00M 32,938.00M 39,660.00M 38,135.00M 14,834.00M 29,866.00M 22,254.00M 28,164.00M 29,483.00M 19,464.00M 24,898.00M 29,730.00M 18,027.00M 15,858.00M
Net Receivables 16,918.00M 20,442.00M 19,346.00M 11,909.00M 33,398.00M 25,701.00M 10,482.00M 14,132.00M 16,582.00M 23,506.00M 15,498.00M 14,316.00M 10,157.00M 10,765.00M 8,726.00M
Inventory 14,567.00M 17,548.00M 17,448.00M 10,539.00M 14,103.00M 0.00M 14,739.00M 14,031.00M 13,943.00M 3,853.00M 3,451.00M 3,567.00M 2,938.00M 3,560.00M 3,765.00M
Other Current Assets 5,003.00M 4,332.00M 9,907.00M 21,947.00M 44,910.00M 47,765.00M 9,871.00M 31,048.00M 27,338.00M 11,764.00M 26,921.00M 23,711.00M 15,961.00M 15,569.00M 24,009.00M
Total Current Assets 61,210.00M 65,195.00M 79,639.00M 84,055.00M 130,546.00M 88,300.00M 64,958.00M 81,465.00M 86,027.00M 68,606.00M 65,334.00M 66,492.00M 58,786.00M 47,921.00M 52,358.00M
Property, Plant & Equipment 205,726.00M 203,462.00M 201,694.00M 179,769.00M 177,665.00M 161,396.00M 121,610.00M 106,013.00M 84,055.00M 75,845.00M 70,182.00M 80,229.00M 85,906.00M 91,522.00M 93,920.00M
Goodwill 0.00M 0.00M 1,713.00M 1,847.00M 1,843.00M 125.00M 125.00M 125.00M 125.00M 125.00M 125.00M 125.00M 281.00M 491.00M 490.00M
Intangible Assets 2,305.00M 2,606.00M 898.00M 1,579.00M 2,186.00M 1,418.00M 514.00M 547.00M 652.00M 564.00M 830.00M 1,009.00M 1,088.00M 1,676.00M 1,935.00M
Long-Term Investments 6,099.00M 6,039.00M 5,592.00M -28,388.00M -23,474.00M -5,417.00M -23,660.00M -15,081.00M -24,833.00M -24,811.00M -15,315.00M -19,609.00M -23,391.00M -13,844.00M 4,841.00M
Tax Assets 9,772.00M 9,985.00M 9,250.00M 8,192.00M 13,719.00M 13,281.00M 6,784.00M 6,847.00M 4,588.00M 2,865.00M 88.00M 274.00M 632.00M 130.00M 0.00M
Other Non-Current Assets 0.00M 0.00M 0.00M 34,082.00M 29,475.00M 11,418.00M 26,349.00M 17,508.00M 28,231.00M 27,283.00M 17,674.00M 22,804.00M 26,479.00M 17,329.00M -101,186.00M
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
Total Non-Current Assets 223,902.00M 222,092.00M 219,147.00M 197,081.00M 201,414.00M 182,221.00M 131,722.00M 115,959.00M 92,818.00M 81,871.00M 73,584.00M 84,832.00M 90,995.00M 97,304.00M 0.00M
Total Assets 285,112.00M 287,287.00M 298,786.00M 281,136.00M 331,960.00M 270,521.00M 196,680.00M 197,424.00M 178,845.00M 150,477.00M 138,918.00M 151,324.00M 149,781.00M 145,225.00M 52,358.00M
Accounts Payable 18,057.00M 18,716.00M 20,827.00M 14,915.00M 20,641.00M 20,231.00M 9,742.00M 10,832.00M 13,082.00M 11,499.00M 10,024.00M 10,673.00M 9,031.00M 7,329.00M 9,531.00M
Short-Term Debt 5,491.00M 7,540.00M 4,101.00M 384.00M 2,830.00M 19,493.00M 2,392.00M 801.00M 2,201.00M 3,921.00M 2,019.00M 4,626.00M 208.00M 9,389.00M 0.00M
Tax Payables 9,554.00M 9,313.00M 8,497.00M 9,680.00M 7,018.00M 6,227.00M 7,407.00M 4,707.00M 5,162.00M 1,498.00M 54.00M 2,657.00M 2,584.00M 986.00M 0.00M
Deferred Revenue 0.00M 0.00M 2,578.00M 2,785.00M 2,269.00M 2,440.00M 480.00M 784.00M 5,162.00M 1,498.00M 54.00M 2,657.00M 2,584.00M 986.00M 0.00M
Other Current Liabilities 10,701.00M 9,129.00M 21,235.00M 36,912.00M 46,656.00M 43,370.00M 20,695.00M 24,650.00M 18,897.00M 13,369.00M 27,584.00M 20,677.00M 14,765.00M 17,313.00M 27,644.00M
Total Current Liabilities 43,803.00M 44,698.00M 57,238.00M 64,676.00M 79,414.00M 91,761.00M 40,716.00M 41,774.00M 44,504.00M 31,785.00M 39,735.00M 41,290.00M 29,172.00M 36,003.00M 37,175.00M
Long-Term Debt 77,257.00M 75,636.00M 83,607.00M 79,236.00M 60,451.00M 31,502.00M 34,374.00M 36,039.00M 25,095.00M 25,715.00M 22,164.00M 31,775.00M 35,849.00M 36,767.00M 47,673.00M
Capital Lease Obligations 8,107.00M 8,599.00M 8,910.00M 8,426.00M 8,266.00M 7,532.00M 5,054.00M 5,332.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 1,858.00M 2,045.00M 2,433.00M 3,439.00M 7,414.00M 5,616.00M 2,187.00M 3,371.00M 4,025.00M 2,128.00M 2,185.00M 1,646.00M 4,281.00M 5,496.00M 0.00M
Other Non-Current Liabilities 40,999.00M 43,992.00M 48,600.00M 50,554.00M 65,095.00M 50,628.00M 19,629.00M 17,095.00M 16,911.00M 16,554.00M 14,959.00M 23,667.00M 19,996.00M 16,849.00M -47,673.00M
Total Non-Current Liabilities 128,221.00M 130,272.00M 143,550.00M 141,655.00M 141,226.00M 95,278.00M 61,244.00M 61,837.00M 46,031.00M 44,397.00M 39,308.00M 57,088.00M 60,126.00M 59,112.00M 0.00M
Total Liabilities 172,024.00M 174,970.00M 200,788.00M 206,331.00M 220,640.00M 187,039.00M 101,960.00M 103,611.00M 90,535.00M 76,182.00M 79,043.00M 98,378.00M 89,298.00M 95,115.00M 37,175.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 26,467.00M 24,778.00M 1,956.00M 0.00M 0.00M 1,524.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 4,204.00M 4,204.00M 4,204.00M 4,204.00M 4,204.00M 4,204.00M 4,204.00M 4,204.00M 4,204.00M 4,204.00M 4,204.00M 4,177.00M 4,177.00M 2,937.00M 2,937.00M
Retained Earnings 70,941.00M 67,729.00M 63,098.00M 62,829.00M 88,331.00M 79,391.00M 74,294.00M 68,465.00M 66,111.00M 52,111.00M 14,684.00M 7,058.00M 17,131.00M 20,231.00M 22,581.00M
Accumulated OCI 12,898.00M 14,687.00M 15,791.00M 8,852.00M -26,467.00M -24,778.00M -1,956.00M 413.00M 2,272.00M -1,524.00M 1,461.00M 25,456.00M 12,385.00M 12,419.00M 0.00M
Minority Interest 9,376.00M 10,057.00M 10,391.00M 1,906.00M 3,996.00M 3,081.00M 2,721.00M 3,248.00M 3,388.00M 3,807.00M 5,146.00M 6,398.00M 6,561.00M 6,708.00M 7,057.00M
Total Shareholders’ Equity 88,043.00M 86,620.00M 83,093.00M 75,885.00M 92,535.00M 83,595.00M 78,498.00M 73,082.00M 72,587.00M 56,315.00M 20,349.00M 36,691.00M 33,693.00M 35,587.00M 25,518.00M
Total Equity 97,419.00M 96,677.00M 93,484.00M 77,791.00M 96,531.00M 86,676.00M 81,219.00M 76,330.00M 75,975.00M 60,122.00M 25,495.00M 43,089.00M 40,254.00M 42,295.00M 32,575.00M
Total Liabilities & Equity 269,443.00M 271,647.00M 294,272.00M 284,122.00M 317,171.00M 273,715.00M 183,179.00M 179,941.00M 166,510.00M 136,304.00M 104,538.00M 141,467.00M 129,552.00M 137,410.00M 69,750.00M
Tangible Assets 282,807.00M 284,681.00M 296,175.00M 277,710.00M 327,931.00M 268,978.00M 196,041.00M 196,752.00M 178,068.00M 149,788.00M 137,963.00M 150,190.00M 148,412.00M 143,058.00M 49,933.00M
Tangible Equity 95,114.00M 94,071.00M 90,873.00M 74,365.00M 92,502.00M 85,133.00M 80,580.00M 75,658.00M 75,198.00M 59,433.00M 24,540.00M 41,955.00M 38,885.00M 40,128.00M 30,150.00M
Tangible Book Value 95,114.00M 94,071.00M 90,873.00M 74,365.00M 92,502.00M 85,133.00M 80,580.00M 75,658.00M 75,198.00M 59,433.00M 24,540.00M 41,955.00M 38,885.00M 40,128.00M 30,150.00M
Total Investments 18,817.00M 21,081.00M 15,721.00M 1,127.00M 954.00M 793.00M 764.00M 714.00M 668.00M 469.00M 1,218.00M 1,612.00M 1,557.00M 2,274.00M 17,076.00M
Net Debt 70,744.00M 75,345.00M 64,899.00M 69,475.00M 49,574.00M 42,371.00M 31,324.00M 30,381.00M 24,633.00M 25,433.00M 21,252.00M 32,724.00M 31,275.00M 44,247.00M 44,322.00M

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
Working Capital 9,494.0M 12,554.0M 25,887.0M 24,854.0M 37,860.0M 704.0M 29,902.0M 38,598.0M 41,970.0M 34,363.0M 23,224.0M 23,992.0M 30,664.0M 13,351.0M 14,911.0M
Total Capital 178,898.0M 178,395.0M 179,711.0M 163,931.0M 163,083.0M 140,583.0M 136,428.0M 128,486.0M 109,023.0M 97,666.0M 76,537.0M 81,739.0M 91,029.0M 90,991.0M 42,959.0M
Capital Employed 233,396.0M 234,646.0M 245,034.0M 221,935.0M 239,274.0M 182,925.0M 161,624.0M 154,557.0M 134,788.0M 116,234.0M 96,808.0M 108,824.0M 121,659.0M 110,655.0M 120,314.0M
Invested Capital 166,894.0M 170,564.0M 156,902.0M 153,786.0M 149,376.0M 131,959.0M 130,986.0M 122,027.0M 106,360.0M 93,463.0M 73,606.0M 78,062.0M 86,247.0M 89,082.0M 39,608.0M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31
Net Income 19,647.00M 14,258.00M -923.00M 18,717.00M 32,057.00M 24,296.00M 16,598.00M 19,020.00M 28,491.00M 22,574.00M 16,939.00M 21,922.00M 20,333.00M 14,199.00M -4,686.00M
Depreciation & Amortization 5,119.00M 10,009.00M 10,225.00M 9,795.00M 12,263.00M 7,972.00M 7,588.00M 6,864.00M 5,375.00M 6,284.00M 5,232.00M 25,734.00M 17,566.00M 12,963.00M 9,065.00M
Deferred Income Tax 0.00M -10,892.00M 0.00M 0.00M -6,463.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 3,897.00M 10,892.00M 3,897.00M 10,892.00M 6,463.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 386.00M 11,655.00M 6,085.00M 16,606.00M -7,144.00M -2,119.00M 2,137.00M 1,257.00M -827.00M -8,334.00M -1,072.00M 716.00M 4,365.00M -1,004.00M 867.00M
Accounts Receivable 74.00M 1,168.00M 3,150.00M 5,356.00M -133.00M -10,785.00M 1,494.00M 0.00M 0.00M -7,586.00M 294.00M 593.00M 450.00M -1,305.00M 361.00M
Inventory -3,533.00M -704.00M -6,534.00M 3,656.00M 1,419.00M -555.00M -1,613.00M 1,417.00M -2,326.00M -423.00M 32.00M -589.00M 705.00M 199.00M 506.00M
Accounts Payable 3,676.00M 1,185.00M 2,821.00M 0.00M 3,886.00M 5,140.00M -1,494.00M 0.00M 0.00M 1,188.00M 874.00M 801.00M 0.00M 0.00M 0.00M
Other Working Capital 1,358.00M 11,447.00M 6,648.00M 7,594.00M -12,316.00M 4,081.00M 3,750.00M -160.00M 1,499.00M -7,911.00M -1,104.00M 1,305.00M 3,660.00M -1,203.00M 0.00M
Other Non-Cash Items -12,578.00M -1,958.00M -928.00M -27,478.00M -25,252.00M -18,001.00M -9,857.00M -14,062.00M -22,696.00M -19,501.00M -9,827.00M -34,801.00M -27,306.00M -16,429.00M 3,512.00M
Net Cash from Operating Activities 16,471.00M 25,655.00M 18,356.00M 28,532.00M 11,924.00M 12,148.00M 16,466.00M 13,079.00M 10,343.00M 1,023.00M 11,272.00M 13,571.00M 14,958.00M 9,729.00M 7,891.00M
Capital Expenditures (PPE) -50,722.00M -38,792.00M -42,788.00M -38,203.00M -33,004.00M -34,569.00M -26,957.00M -22,445.00M -14,655.00M -17,592.00M -14,980.00M -18,739.00M -14,631.00M -21,039.00M -16,546.00M
Acquisitions (Net) 12,785.00M 2,777.00M 779.00M -127.00M -3,361.00M -2,546.00M 18,895.00M -941.00M -5,361.00M 366.00M 2,194.00M 608.00M 2,834.00M 9,716.00M 0.00M
Purchases of Investments -14,296.00M -12,186.00M -11,588.00M -18,809.00M -9,414.00M -8,107.00M -19,868.00M -20,508.00M -40,522.00M -21,162.00M -8,278.00M -8,119.00M -22,983.00M -13,577.00M 0.00M
Sales / Maturities of Investments 32,872.00M 13,081.00M 27,318.00M 13,935.00M 3,796.00M 11,656.00M 11,212.00M 29,452.00M 39,849.00M 11,993.00M 12,874.00M 11,404.00M 12,653.00M 14,356.00M 0.00M
Other Investing Activities -1,850.00M 8,029.00M 4,520.00M 8,472.00M 24,071.00M 20,975.00M 156.00M 3,445.00M 19,663.00M 16,341.00M 7,130.00M 2,047.00M 7,331.00M 4,061.00M -2,656.00M
Net Cash from Investing Activities -21,211.00M -26,882.00M -21,759.00M -34,732.00M -17,912.00M -12,591.00M -16,562.00M -10,997.00M -1,026.00M -10,054.00M -1,060.00M -12,799.00M -14,796.00M -6,483.00M -19,202.00M
Net Debt Issuance 1,846.00M 2,005.00M 6,583.00M 16,004.00M 15,608.00M 10,147.00M 467.00M 8,131.00M -6,974.00M 1,399.00M -11,097.00M 3,982.00M 4,189.00M -6,435.00M 0.00M
Long-Term Debt Issuance 1,846.00M 2,005.00M 6,583.00M 16,004.00M 15,608.00M 10,147.00M 467.00M 8,131.00M -6,429.00M 1,399.00M -11,097.00M -442.00M 4,189.00M -6,435.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -541.00M 0.00M -545.00M 0.00M 0.00M 4,424.00M 0.00M 0.00M 0.00M
Net Stock Issuance -1,867.00M 0.00M 1,813.00M 0.00M 0.00M 0.00M -58.00M -99.00M -48.00M 0.00M -53.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 5,520.00M 699.00M 3,693.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -1,867.00M -1,840.00M -3,707.00M -699.00M -1,945.00M -2,971.00M -58.00M -99.00M -48.00M 0.00M -53.00M -4,476.00M 0.00M -695.00M 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
Net Dividends Paid -677.00M -519.00M -687.00M -5,673.00M -5,252.00M -4,830.00M -4,410.00M -4,096.00M -3,781.00M -2,521.00M -640.00M -822.00M -754.00M -675.00M -2,105.00M
Common Dividends Paid -677.00M -519.00M -687.00M -5,673.00M -5,252.00M -4,830.00M -4,410.00M -4,096.00M -3,781.00M -2,521.00M -640.00M -822.00M -754.00M -675.00M -2,105.00M
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
Other Financing Activities 8,176.00M -1,211.00M 8,134.00M -10,066.00M 3,429.00M -1,925.00M 1,876.00M -2,602.00M 109.00M 2,586.00M -1,139.00M -5,877.00M -532.00M 2,603.00M 13,955.00M
Net Cash from Financing Activities 7,478.00M -1,185.00M 15,843.00M 265.00M 13,785.00M 3,392.00M -2,125.00M 1,334.00M -10,694.00M 1,464.00M -12,289.00M -1,895.00M 2,903.00M -3,832.00M 11,850.00M
Effect of FX on Cash -327.00M 21.00M 540.00M -96.00M -236.00M 455.00M 6.00M 223.00M -33.00M -55.00M -5.00M 145.00M 245.00M -28.00M 29.00M
Net Change in Cash 2,411.00M -2,413.00M 12,980.00M -6,031.00M 7,561.00M 3,404.00M -1,249.00M 3,796.00M -1,228.00M 1,263.00M -1,049.00M -1,093.00M 3,339.00M -521.00M 568.00M
Cash at Beginning of Period 51,104.00M 52,599.00M 10,144.00M 16,175.00M 8,614.00M 5,210.00M 6,459.00M 2,663.00M 3,891.00M 2,628.00M 3,677.00M 4,770.00M 1,431.00M 1,952.00M 1,384.00M
Cash at End of Period 53,515.00M 50,186.00M 23,124.00M 10,144.00M 16,175.00M 8,614.00M 5,210.00M 6,459.00M 2,663.00M 3,891.00M 2,628.00M 3,677.00M 4,770.00M 1,431.00M 1,952.00M
Operating Cash Flow 16,471.00M 25,655.00M 18,356.00M 28,532.00M 11,924.00M 12,148.00M 16,466.00M 13,079.00M 10,343.00M 1,023.00M 11,272.00M 13,571.00M 14,958.00M 9,729.00M 7,891.00M
Capital Expenditure -50,722.00M -38,792.00M -42,654.00M -38,203.00M -33,004.00M -34,569.00M -26,957.00M -22,445.00M -14,655.00M -17,592.00M -14,980.00M -18,739.00M -14,631.00M -21,039.00M -16,546.00M
Free Cash Flow -34,251.00M -13,137.00M -24,298.00M -9,671.00M -21,080.00M -22,421.00M -10,491.00M -9,366.00M -4,312.00M -16,569.00M -3,708.00M -5,168.00M 327.00M -11,310.00M -8,655.00M

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
EBITDA 28,324.00M 6,782.00M 33,095.00M 16,162.00M 29,499.00M 16,079.00M 11,196.00M 15,215.00M 14,741.00M 20,513.00M 20,925.00M 48,476.00M 35,849.00M 27,670.00M 15,631.00M
(-) Tax Adjustment 1,912.23M 0.00M 11,583.25M 0.00M 4,377.36M 2,894.39M 1,147.78M 4,540.20M 2,483.01M 2,415.53M 2,945.85M 0.00M 12,547.15M 0.00M 0.00M
(-) Change In Working Capital 386.00M 11,655.00M 6,085.00M 16,606.00M -7,144.00M -2,119.00M 2,137.00M 1,257.00M -827.00M -8,334.00M -1,072.00M 716.00M 4,365.00M -1,004.00M 867.00M
(-) Capital Expenditure -50,722.00M -38,792.00M -42,654.00M -38,203.00M -33,004.00M -34,569.00M -26,957.00M -22,445.00M -14,655.00M -17,592.00M -14,980.00M -18,739.00M -14,631.00M -21,039.00M -16,546.00M
Unlevered Free Cash Flow -24,696.23M -43,665.00M -27,227.25M -38,647.00M -738.36M -19,265.39M -19,045.78M -13,027.20M -1,570.01M 8,839.47M 4,071.15M 29,021.00M 4,305.85M 7,635.00M -1,782.00M
(-) Net Interest Income After Taxes -3,703.84M 866.00M -1,596.40M -2,446.00M -1,972.33M -1,831.86M -2,048.06M -1,578.59M -1,113.46M -733.14M -598.88M -1,393.00M -1,091.35M -2,451.00M 1,100.00M
Net Debt Issuance 1,846.00M 2,005.00M 6,583.00M 16,004.00M 15,608.00M 10,147.00M 467.00M 8,131.00M -6,974.00M 1,399.00M -11,097.00M 3,982.00M 4,189.00M -6,435.00M 0.00M
Levered Free Cash Flow -19,146.39M -42,526.00M -19,047.85M -20,197.00M 16,841.97M -7,286.53M -16,530.72M -3,317.60M -7,430.55M 10,971.61M -6,426.98M 34,396.00M 9,586.20M 3,651.00M -2,882.00M