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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Pirelli & C. S.p.A.

Ticker: PIRC.MI | Industry: Auto - Parts | Sector: Consumer Cyclical
$6.19 -0.11 (-1.75%)
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 2011 2010 2009
Stock Price 5.70 5.55 4.66 4.04 5.27 3.79 5.43 6.77 6.69 6.47 6.47 6.47 6.47 6.47 6.47 6.47 6.47
Market Capitalization 5,700.27M 5,661.46M 4,657.50M 4,028.95M 5,272.42M 3,784.61M 5,416.34M 6,734.31M 5,691.04M 3,904.62M 3,152.39M 3,155.66M 3,152.69M 3,121.64M 4,333.28M 5,514.18M 33,626.21M
(-) Cash & Equivalents 884.86M 957.75M 1,090.91M 1,084.84M 1,037.96M 1,411.02M 1,022.19M 762.26M 619.81M 863.24M 902.17M 648.90M 470.57M 351.70M 285.70M 289.32M 158.03M
(+) Total Debt 3,796.31M 4,036.98M 4,453.20M 4,894.29M 5,031.70M 5,824.58M 5,469.61M 4,681.58M 5,056.78M 5,670.81M 2,593.85M 2,459.81M 2,468.45M 2,517.49M 1,732.25M 1,339.49M 448.78M
Enterprise Value 8,611.71M 8,740.69M 8,019.79M 7,838.41M 9,266.16M 8,198.17M 9,863.76M 10,653.63M 10,128.01M 8,712.20M 4,844.07M 4,966.57M 5,150.57M 5,287.44M 5,779.83M 6,564.35M 33,916.96M

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
Revenue 6,784M 6,674M 6,773M 6,650M 6,616M 5,331M 4,302M 5,323M 5,194M 5,352M 6,058M 6,310M 6,018M 6,146M 6,072M 5,655M 4,848M 4,462M 4,660M 6,505M 4,841M 4,559M 7,488M 6,857M 6,861M
Cost of Revenue 2,553M 2,579M 2,552M 2,246M 2,205M 1,661M 1,439M 1,731M 1,613M 1,823M 2,056M 2,050M 2,010M 2,272M 2,253M 2,285M 1,860M 1,514M 1,948M 3,067M 1,780M 1,640M 5,032M 1,309M 1,290M
Gross Profit 4,231M 4,096M 4,221M 4,404M 4,411M 3,671M 2,863M 3,592M 3,581M 3,529M 4,003M 4,259M 4,008M 3,875M 3,819M 3,370M 2,989M 2,949M 2,712M 3,437M 3,061M 2,919M 2,456M 5,548M 5,572M
Gross Profit Margin 62.4% 61.4% 62.3% 66.2% 66.7% 68.9% 66.6% 67.5% 68.9% 65.9% 66.1% 67.5% 66.6% 63.0% 62.9% 59.6% 61.6% 66.1% 58.2% 52.8% 63.2% 64.0% 32.8% 80.9% 81.2%
R&D Expenses 0M 251M 290M 289M 264M 240M 195M 233M 219M 222M 209M 214M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 1,457M 1,826M 748M 752M 809M 618M 532M 624M 627M 691M 711M 678M 619M 582M 564M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Operating Expenses 3,328M 3,201M 3,318M 3,250M 3,608M 3,083M 2,626M 2,813M 2,850M 2,773M 3,310M 3,401M 3,174M 3,117M 3,050M 2,788M 2,581M 2,731M 2,900M 3,130M 2,673M 2,564M 2,075M 5,280M 5,454M
Operating Income (EBIT) 904M 895M 903M 1,155M 802M 588M 238M 779M 731M 756M 693M 858M 834M 757M 768M 582M 408M 217M -187M 307M 388M 355M 380M 268M 118M
Operating Income Margin 13.3% 13.4% 13.3% 17.4% 12.1% 11.0% 5.5% 14.6% 14.1% 14.1% 11.4% 13.6% 13.9% 12.3% 12.7% 10.3% 8.4% 4.9% -4.0% 4.7% 8.0% 7.8% 5.1% 3.9% 1.7%
Interest Income 129M 88M 42M 11M 39M 21M 16M 121M 17M 26M 32M 45M 40M 31M 36M 4M 298M 373M 577M 340M 897M 248M 524M 0M 0M
Interest Expense 414M 376M 236M 234M 156M 124M 125M 135M 138M 294M 398M 280M 144M 138M 106M 75M 363M 458M 603M 416M 365M 314M 597M 395M 723M
Net Interest Income -285M -288M -193M -224M -117M -102M -109M -14M -121M -268M -365M -235M -104M -107M -71M -70M -66M -85M -26M -76M 532M -65M -73M -395M -723M
Unusual Items 96M -11M -62M -301M -90M -49M -71M -142M -109M -184M -64M -702M -242M -133M -98M -36M 23M -57M -190M 193M -1,811M 188M 61M 202M 288M
EBT Excluding Unusual Items 619M 607M 710M 931M 685M 485M 128M 765M 611M 488M 328M 623M 730M 650M 697M 511M 342M 132M -214M 231M 920M 290M 307M -127M -606M
Pre-Tax Income 715M 597M 648M 630M 596M 437M 57M 622M 502M 304M 264M -79M 489M 517M 599M 475M 365M 75M -403M 424M -891M 478M 368M 74M -318M
Pre-Tax Margin 10.5% 8.9% 9.6% 9.5% 9.0% 8.2% 1.3% 11.7% 9.7% 5.7% 4.4% -1.2% 8.1% 8.4% 9.9% 8.4% 7.5% 1.7% -8.7% 6.5% -18.4% 10.5% 4.9% 1.1% -4.6%
Income Tax Expense 185M 152M 147M 134M 160M 115M 15M 165M 53M 41M 116M 290M 173M 210M 201M 34M 137M 98M 73M 134M 128M 128M 94M 70M 87M
Net Income 496M 432M 468M 479M 418M 303M 43M 438M 432M 176M 135M -391M 319M 304M 394M 452M 4M -23M -413M 324M -1,049M 399M 274M -39M -58M
Net Income Margin 7.3% 6.5% 6.9% 7.2% 6.3% 5.7% 1.0% 8.2% 8.3% 3.3% 2.2% -6.2% 5.3% 4.9% 6.5% 8.0% 0.1% -0.5% -8.9% 5.0% -21.7% 8.8% 3.7% -0.6% -0.9%
Depreciation & Amortization 586M 596M 573M 558M 544M 509M 506M 507M 394M 371M 343M 327M 305M 296M 282M 231M 229M 231M 222M 219M 215M 213M 360M 109M 132M
EBITDA 1,489M 1,491M 1,476M 1,713M 1,347M 1,096M 744M 1,286M 1,126M 1,127M 1,036M 1,185M 1,139M 1,054M 1,050M 813M 636M 449M 34M 526M 603M 568M 740M 377M 249M
EBITDA Margin 22.0% 22.3% 21.8% 25.8% 20.4% 20.6% 17.3% 24.2% 21.7% 21.1% 17.1% 18.8% 18.9% 17.1% 17.3% 14.4% 13.1% 10.1% 0.7% 8.1% 12.5% 12.4% 9.9% 5.5% 3.6%
NOPAT 670M 667M 699M 909M 587M 433M 177M 573M 654M 655M 388M 678M 538M 449M 511M 540M 254M -65M -148M 210M 306M 259M 283M 15M 93M
NOPAT Margin 9.9% 10.0% 10.3% 13.7% 8.9% 8.1% 4.1% 10.8% 12.6% 12.2% 6.4% 10.7% 8.9% 7.3% 8.4% 9.5% 5.2% -1.5% -3.2% 3.2% 6.3% 5.7% 3.8% 0.2% 1.4%
Owner's Earnings 684M 604M 637M 638M 627M 525M 355M 555M 356M 58M 105M -456M 246M 187M 205M 56M -205M -36M -527M 239M -1,144M 369M 302M -292M -345M
Owner's Earnings Margin 10.1% 9.0% 9.4% 9.6% 9.5% 9.8% 8.3% 10.4% 6.9% 1.1% 1.7% -7.2% 4.1% 3.0% 3.4% 1.0% -4.2% -0.8% -11.3% 3.7% -23.6% 8.1% 4.0% -4.3% -5.0%
EPS (Basic) 0.49 0.43 0.47 0.48 0.42 0.30 0.04 0.44 0.43 0.21 0.19 -0.80 0.65 0.62 0.81 0.95 0.01 -0.05 -0.08 0.03 -0.20 0.07 0.07 -0.01 -0.01
EPS (Diluted) 0.49 0.43 0.44 0.48 0.42 0.30 0.04 0.44 0.43 0.21 0.18 -0.80 0.65 0.62 0.83 0.95 0.01 0.00 -0.08 0.06 -0.20 0.08 0.08 -0.01 -0.01
Shares (Basic) 1,020M 1,000M 1,066M 1,000M 1,000M 1,000M 1,000M 1,000M 1,000M 853M 720M 487M 488M 487M 475M 475M 852M 475M 5,230M 5,231M 5,205M 4,862M 3,419M 3,936M 3,936M
Shares (Diluted) 1,020M 1,000M 1,066M 1,000M 1,000M 1,000M 1,000M 1,000M 1,000M 853M 740M 487M 488M 487M 475M 475M 475M 5,606M 5,230M 5,231M 5,205M 4,881M 3,595M 3,936M 3,936M

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
Cash & Cash Equivalents 926.19M 849.87M 1,502.74M 1,252.77M 1,289.74M 1,884.65M 2,275.48M 1,609.82M 1,326.90M 1,118.44M 1,532.98M 1,082.73M 1,166.67M 879.90M 679.79M 556.98M 244.73M 632.11M 253.91M 2,057.68M 269.57M 300.33M 551.25M 263.62M 385.12M
Short-Term Investments 73.25M 80.63M 165.97M 228.76M 246.88M 113.90M 58.94M 38.12M 27.20M 33.03M 48.60M 78.17M 61.40M 48.09M 224.72M 160.50M 209.77M 161.02M 115.80M 172.37M 148.32M 246.70M 242.31M 283.53M 198.65M
Cash & Short-Term Investments 999.45M 930.50M 1,668.71M 1,481.53M 1,536.63M 1,998.55M 2,334.42M 1,647.94M 1,354.10M 1,151.46M 1,581.57M 1,160.89M 1,228.07M 927.99M 904.51M 717.49M 454.50M 793.14M 369.71M 2,230.05M 417.90M 547.03M 793.57M 547.14M 583.77M
Net Receivables 1,387.02M 1,105.27M 808.10M 848.32M 1,372.57M 1,093.41M 0.00M 1,113.05M 651.90M 685.52M 721.29M 604.78M 1,013.04M 989.57M 1,074.21M 1,056.46M 876.90M 0.00M 1,074.15M 1,360.84M 1,365.06M 1,301.16M 1,926.93M 0.00M 0.00M
Inventory 1,405.29M 1,445.54M 1,467.65M 1,371.44M 1,455.36M 1,090.75M 835.91M 1,092.86M 1,127.75M 939.18M 1,053.06M 1,052.13M 1,050.60M 984.14M 1,098.21M 1,036.68M 692.26M 678.98M 921.11M 776.47M 715.53M 681.06M 1,338.01M 1,222.01M 1,283.21M
Other Current Assets 119.08M 261.83M 300.20M 265.94M 22.68M 79.49M 1,069.94M 37.15M 1,195.26M 491.46M 322.04M 965.32M 1,086.18M 24.82M 47.70M 1,126.81M 35.16M 26.57M 94.04M 58.33M 29.15M 0.00M 1,703.77M 1,856.35M 2,082.40M
Total Current Assets 3,910.83M 3,743.15M 4,244.65M 3,967.22M 4,387.25M 4,262.19M 4,240.27M 3,890.99M 4,329.00M 3,267.63M 3,677.96M 3,783.12M 4,377.90M 2,926.51M 3,124.64M 3,937.43M 2,058.81M 1,498.68M 2,459.01M 4,425.69M 2,527.64M 2,529.24M 5,762.28M 3,625.51M 3,949.39M
Property, Plant & Equipment 3,290.97M 3,274.93M 3,427.76M 3,409.11M 3,399.63M 3,288.91M 3,159.77M 3,649.81M 3,092.93M 2,980.29M 3,556.64M 2,419.45M 2,522.46M 2,608.45M 2,623.44M 2,356.62M 1,977.11M 1,727.39M 1,598.05M 1,650.49M 1,574.59M 1,571.97M 2,065.21M 2,154.60M 2,406.41M
Goodwill 0.00M 1,882.71M 1,886.71M 1,884.93M 1,884.63M 1,883.77M 1,883.95M 1,886.99M 1,886.86M 1,877.36M 2,351.26M 879.13M 887.11M 913.02M 918.69M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 5,063.25M 3,209.03M 3,273.02M 3,378.86M 3,498.21M 3,601.90M 3,698.09M 3,793.19M 3,896.48M 4,016.34M 4,145.63M 89.42M 96.89M 100.96M 103.80M 1,056.46M 848.76M 1,047.47M 1,046.11M 672.54M 516.37M 476.80M 530.26M 556.51M 662.00M
Long-Term Investments 538.78M 351.25M 330.48M 233.33M -118.24M 23.89M 56.36M 101.69M 114.29M 213.97M 197.10M 314.30M 306.12M 372.47M 6.58M 106.65M 128.42M 660.32M 905.40M 1,323.95M 4,684.51M 5,328.52M 3,220.43M 2,911.91M 3,333.91M
Tax Assets 218.64M 218.11M 228.74M 202.85M 176.97M 137.64M 109.38M 81.19M 74.12M 111.55M 147.96M 123.72M 248.56M 210.18M 207.11M 198.75M 69.64M 91.16M 72.43M 58.52M 64.23M 77.05M 510.87M 566.26M 271.02M
Other Non-Current Assets 101.67M 270.45M 271.27M 454.63M 634.00M 662.23M 546.28M 442.17M 289.21M 265.27M 287.33M 231.96M 242.62M 225.44M 604.22M 518.53M 536.06M 727.83M 852.23M 857.54M 865.07M 799.85M 59.97M 73.13M 274.60M
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
Total Non-Current Assets 9,213.31M 9,206.47M 9,417.97M 9,563.71M 9,475.20M 9,598.34M 9,453.82M 9,955.04M 9,353.88M 9,464.80M 10,685.92M 4,057.98M 4,303.77M 4,430.52M 4,463.84M 4,237.00M 3,559.99M 4,254.18M 4,474.21M 4,563.04M 7,704.76M 8,254.19M 6,386.74M 6,262.41M 6,947.94M
Total Assets 13,124.14M 12,949.61M 13,662.63M 13,530.93M 13,862.44M 13,860.53M 13,694.09M 13,846.03M 13,682.88M 12,732.43M 14,363.89M 7,841.10M 8,681.67M 7,357.04M 7,588.48M 8,174.43M 5,618.80M 5,752.86M 6,933.22M 8,988.72M 10,232.40M 10,783.43M 12,149.02M 9,887.91M 10,897.33M
Accounts Payable 1,609.68M 1,573.67M 2,081.62M 1,999.42M 1,973.30M 1,626.37M 1,316.97M 1,611.49M 1,604.68M 1,673.64M 1,498.49M 1,320.06M 1,394.31M 1,244.47M 1,268.68M 1,382.77M 1,066.36M 987.87M 1,108.57M 1,323.59M 1,102.46M 1,018.26M 1,608.53M 1,380.12M 1,439.10M
Short-Term Debt 997.89M 948.95M 655.70M 708.62M 726.45M 1,407.97M 840.66M 1,373.31M 853.45M 570.31M 677.73M 5,297.66M 530.71M 316.39M 427.49M 366.30M 247.52M 289.31M 695.56M 754.66M 1,562.26M 600.36M 0.00M 0.00M 0.00M
Tax Payables 174.05M 217.59M 148.36M 105.19M 189.00M 211.43M 222.27M 166.24M 152.53M 162.79M 143.90M 135.64M 217.83M 169.03M 172.72M 75.39M 64.56M 43.92M 44.04M 45.71M 48.77M 111.50M 167.86M 192.87M 193.21M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 7.97M 4.42M 4.20M 4.75M 152.53M 162.79M 143.90M 135.64M 217.83M 169.03M 172.72M 75.39M 64.56M 43.92M 44.04M 0.00M 0.00M 111.50M 0.00M 0.00M 0.00M
Other Current Liabilities 122.09M 167.03M 69.74M 367.41M 357.55M 368.51M 293.22M 441.66M 126.93M 192.47M 413.48M -4,005.26M 142.99M 470.82M 538.34M 645.44M 589.27M 548.93M 558.28M 1,519.69M 548.01M 1,062.00M 282.81M 366.11M 335.25M
Total Current Liabilities 2,903.72M 2,907.23M 2,955.42M 3,180.63M 3,254.25M 3,618.70M 2,677.33M 3,597.45M 2,890.12M 2,762.00M 2,877.49M 2,883.73M 2,503.67M 2,369.74M 2,579.94M 2,545.28M 2,032.27M 1,913.94M 2,450.49M 3,643.65M 3,261.50M 2,903.63M 2,059.19M 1,939.10M 1,967.56M
Long-Term Debt 2,755.99M 2,389.82M 2,688.13M 2,791.29M 3,293.61M 3,376.57M 4,580.54M 3,544.46M 3,945.11M 3,951.73M 5,945.98M 1,275.37M 1,780.82M 2,013.33M 1,991.46M 1,382.55M 878.48M 1,505.81M 1,375.75M 755.93M 1,377.43M 1,550.51M 2,462.90M 2,421.45M 2,802.58M
Capital Lease Obligations 0.00M 470.77M 485.63M 482.49M 485.49M 504.41M 465.85M 483.17M 0.21M 0.43M 0.08M 0.51M 1.09M 1.35M 17.35M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 943.46M 951.34M 990.25M 990.87M 1,041.85M 1,033.89M 1,006.80M 1,058.76M 1,081.61M 1,216.64M 1,452.17M 43.62M 53.03M 49.96M 56.06M 21.30M 33.73M 44.00M 38.37M 44.63M 42.93M 49.35M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 337.62M 332.42M 369.10M 343.42M 327.45M 347.40M 440.57M 437.07M 1,476.39M 1,691.93M 2,040.01M 501.27M 647.48M 636.59M 740.00M 697.43M 694.67M 663.72M 568.04M 569.04M 708.30M 719.49M 1,011.39M 1,045.15M 932.53M
Total Non-Current Liabilities 4,037.06M 4,144.35M 4,533.11M 4,608.06M 5,148.40M 5,262.27M 6,493.76M 5,523.46M 6,503.32M 6,860.72M 9,438.24M 1,820.77M 2,482.42M 2,701.21M 2,804.87M 2,101.28M 1,606.88M 2,213.52M 1,982.16M 1,369.59M 2,128.66M 2,319.35M 3,474.29M 3,466.59M 3,735.11M
Total Liabilities 6,940.79M 7,051.59M 7,488.53M 7,788.69M 8,402.65M 8,880.97M 9,171.09M 9,120.91M 9,393.44M 9,622.72M 12,315.73M 4,704.50M 4,986.09M 5,070.96M 5,384.82M 4,646.55M 3,639.14M 4,127.46M 4,432.65M 5,013.24M 5,390.15M 5,222.98M 5,533.48M 5,405.69M 5,702.67M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 497.62M 566.55M 769.63M 403.23M 0.00M 290.89M 266.41M 80.40M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 1,904.38M 1,904.38M 1,904.38M 1,904.38M 1,904.38M 1,904.38M 1,904.38M 1,904.38M 1,904.38M 1,904.38M 1,342.28M 1,343.29M 1,343.29M 1,343.29M 1,343.29M 1,343.29M 1,375.73M 1,554.27M 1,554.27M 1,555.93M 2,789.95M 2,762.70M 0.00M 1,799.40M 339.42M
Retained Earnings 374.63M 246.50M 467.98M 479.08M 417.76M 302.80M 29.78M 438.13M 431.61M 176.39M 135.06M -391.37M 319.29M 303.57M 393.79M 451.61M 21.75M 22.75M 0.00M 0.00M 286.06M 431.45M 454.27M 175.48M 184.04M
Accumulated OCI 0.00M 3,391.37M 0.00M 0.00M -497.62M -566.55M -769.63M -403.23M 2,563.75M -290.89M -266.41M -80.40M 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
Minority Interest 166.88M 160.68M 156.18M 125.20M 130.03M 134.53M 104.43M 102.18M 82.81M 60.25M 140.77M 63.37M 63.16M 60.52M 52.03M 45.48M 37.15M 319.65M 202.56M 823.84M 806.97M 408.95M 351.78M 249.18M 2,693.45M
Total Shareholders’ Equity 2,279.00M 5,542.24M 2,372.36M 2,383.46M 2,322.14M 2,207.17M 1,934.16M 2,342.51M 4,899.73M 2,080.77M 1,477.34M 951.92M 1,662.58M 1,646.86M 1,737.07M 1,794.89M 1,397.49M 1,577.01M 1,554.27M 1,555.93M 3,076.01M 3,194.15M 454.27M 1,974.88M 523.46M
Total Equity 2,445.88M 5,702.93M 2,528.54M 2,508.66M 2,452.17M 2,341.70M 2,038.59M 2,444.69M 4,982.53M 2,141.02M 1,618.12M 1,015.29M 1,725.73M 1,707.38M 1,789.10M 1,840.37M 1,434.64M 1,896.66M 1,756.83M 2,379.77M 3,882.97M 3,603.09M 806.04M 2,224.06M 3,216.91M
Total Liabilities & Equity 9,386.67M 12,754.51M 10,017.07M 10,297.35M 10,854.82M 11,222.66M 11,209.68M 11,565.61M 14,375.97M 11,763.73M 13,933.85M 5,719.79M 6,711.82M 6,778.34M 7,173.91M 6,486.92M 5,073.78M 6,024.13M 6,189.48M 7,393.01M 9,273.13M 8,826.07M 6,339.53M 7,629.75M 8,919.58M
Tangible Assets 8,060.88M 7,857.88M 8,502.90M 8,267.14M 8,479.61M 8,374.87M 8,112.06M 8,165.85M 7,899.54M 6,838.73M 7,867.00M 6,872.56M 7,697.67M 6,343.06M 6,565.99M 7,117.97M 4,770.04M 4,705.39M 5,887.11M 8,316.18M 9,716.03M 10,306.63M 11,618.76M 9,331.40M 10,235.32M
Tangible Equity -2,617.37M 611.19M -2,631.19M -2,755.13M -2,930.67M -3,143.97M -3,543.45M -3,235.48M -800.81M -3,752.69M -4,878.77M 46.75M 741.73M 693.40M 766.61M 783.91M 585.88M 849.19M 710.72M 1,707.23M 3,366.60M 3,126.29M 275.79M 1,667.55M 2,554.91M
Tangible Book Value -2,617.37M 611.19M -2,631.19M -2,755.13M -2,930.67M -3,143.97M -3,543.45M -3,235.48M -800.81M -3,752.69M -4,878.77M 46.75M 741.73M 693.40M 766.61M 783.91M 585.88M 849.19M 710.72M 1,707.23M 3,366.60M 3,126.29M 275.79M 1,667.55M 2,554.91M
Total Investments 612.03M 431.88M 496.45M 462.09M 128.65M 137.79M 115.31M 139.81M 141.49M 247.00M 245.70M 392.47M 367.52M 420.56M 231.30M 267.15M 338.19M 821.34M 1,021.20M 1,496.32M 4,832.83M 5,575.22M 3,462.74M 3,195.43M 3,532.56M
Net Debt 2,827.69M 2,488.90M 1,841.09M 2,247.14M 2,730.32M 2,899.89M 3,145.72M 3,307.95M 3,471.66M 3,403.60M 5,090.73M 5,490.30M 1,144.86M 1,449.82M 1,739.15M 1,191.86M 881.27M 1,163.00M 1,817.40M -547.09M 2,670.11M 1,850.54M 1,911.65M 2,157.83M 2,417.46M

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
Working Capital 682.6M 540.2M 922.2M 603.5M 1,080.2M 660.8M 1,568.7M 317.1M 671.8M 358.9M 617.0M 146.6M 777.3M 707.0M 717.4M 198.0M 91.1M 454.0M -117.7M 610.6M -865.5M -321.0M 1,175.2M 881.9M 1,413.6M
Total Capital 9,445.9M 9,351.8M 9,585.5M 9,458.6M 9,814.3M 10,186.7M 10,302.0M 10,093.7M 9,197.3M 8,573.0M 9,722.1M 4,694.5M 4,861.0M 4,707.1M 4,773.7M 4,598.8M 3,133.1M 3,970.1M 4,243.1M 3,768.4M 5,257.0M 7,355.7M 6,198.7M 5,850.0M 4,735.5M
Capital Employed 9,895.9M 9,746.7M 10,340.2M 10,167.2M 10,555.4M 10,259.2M 11,022.5M 10,272.2M 10,025.7M 9,823.7M 11,302.9M 4,204.6M 5,081.1M 5,137.5M 5,181.3M 4,312.8M 3,651.1M 4,708.2M 4,356.5M 5,173.7M 6,839.2M 7,933.2M 7,561.9M 7,144.3M 8,361.5M
Invested Capital 8,519.7M 8,501.9M 8,082.8M 8,205.8M 8,524.6M 8,302.1M 8,026.5M 8,483.9M 7,870.4M 7,454.6M 8,189.2M 3,611.7M 3,694.3M 3,827.2M 4,093.9M 4,041.9M 2,888.3M 3,338.0M 3,989.2M 1,710.7M 4,987.4M 7,055.4M 5,647.5M 5,586.4M 4,350.4M

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
Net Income 715.30M 562.22M 647.79M 479.08M 595.63M 436.75M 57.37M 622.26M 501.77M 304.12M 263.93M 480.70M 488.52M 516.88M 599.07M 475.11M 365.43M 75.31M -412.53M 323.59M -1,048.83M 398.95M 274.10M -39.36M -58.38M
Depreciation & Amortization 585.58M 596.16M 572.72M 557.98M 544.27M 508.68M 517.15M 527.82M 414.52M 371.46M 392.38M 327.00M 304.86M 296.49M 282.25M 230.92M 228.60M 231.46M 221.54M 218.68M 215.33M 212.68M 359.82M 109.12M 131.72M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -61.19M 78.58M -53.58M 74.05M -54.71M -94.69M 3.20M -77.13M -270.07M 371.84M 221.86M -153.06M 9.23M 71.62M -310.29M -66.86M 129.09M 178.86M -140.37M -45.54M -238.58M 41.44M 69.56M 339.90M 446.26M
Accounts Receivable -6.59M -0.17M -41.46M -75.43M -13.13M -27.61M -13.40M -76.80M -23.39M 73.64M 144.92M 403.82M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory -150.67M -39.25M -132.48M 29.28M -342.32M -222.50M 140.65M 28.30M -199.92M -109.77M 29.18M -86.13M -104.20M 3.91M -73.97M -350.83M -109.92M 242.13M -144.64M 25.30M -34.48M -53.90M -136.73M 0.00M 0.00M
Accounts Payable 0.00M 161.61M 119.26M 132.73M 272.84M 214.51M -184.60M 18.82M 104.66M 447.39M 201.85M 320.14M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 96.07M -43.90M -41.66M -12.53M 27.90M -59.10M 60.56M -47.45M -70.15M 481.61M 192.68M -66.93M 113.44M 67.71M -236.32M 283.98M 239.00M -63.27M 4.26M -70.84M -204.11M 95.34M 206.30M 0.00M 0.00M
Other Non-Cash Items 69.67M 1,144.65M 125.63M 248.75M 46.45M 68.33M 40.64M -50.25M 12.11M 90.22M 249.11M 216.80M 128.75M -16.72M -57.10M -51.19M -95.02M 53.05M 407.05M 74.25M 1,405.35M -185.77M -82.78M 250.59M -104.21M
Net Cash from Operating Activities 1,309.36M 1,233.90M 1,292.56M 1,359.86M 1,131.65M 919.07M 618.35M 1,022.70M 658.33M 1,137.63M 1,127.28M 871.45M 931.37M 868.28M 513.93M 587.97M 628.09M 538.67M 75.68M 570.98M 333.26M 467.30M 620.70M 660.24M 415.39M
Capital Expenditures (PPE) -370.43M -415.35M -376.08M -377.41M -335.40M -286.67M -193.41M -390.51M -469.73M -489.35M -372.18M -391.39M -377.96M -413.10M -470.96M -626.21M -437.90M -244.95M -336.51M -303.75M -310.34M -242.46M -331.64M -362.02M -418.45M
Acquisitions (Net) -8.48M 1.10M -32.34M 0.00M 1.33M 4.41M 0.07M 1.78M -116.34M 10.10M 379.22M 45.60M 126.03M -55.36M -261.93M -93.99M -16.90M -47.35M -576.08M -615.59M -1,565.16M 1.32M -27.81M -711.06M -296.15M
Purchases of Investments -0.51M -20.23M -0.56M 0.00M -1.33M -0.45M 0.00M -22.35M 11.64M -18.10M -4.69M -20.65M -0.46M -21.10M 0.00M 0.00M -23.52M -3.03M -96.05M -101.91M -251.39M -1,653.08M -69.79M -536.56M -304.69M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 1.33M -19.53M 0.00M 22.35M 152.81M 17.18M 9.15M 16.38M 10.76M 10.82M 0.00M 0.00M 4.83M 241.98M 32.29M 40.50M 374.52M 16.63M 75.48M 10.43M 248.02M
Other Investing Activities -14.95M -8.38M -12.29M -15.45M 7.46M 45.85M -58.34M 26.38M 11.43M 80.87M 107.42M -0.42M 4.40M 13.56M 25.54M 17.81M 21.79M 81.79M 229.20M 54.13M 793.76M 37.58M -59.20M 799.60M 385.64M
Net Cash from Investing Activities -394.37M -442.86M -421.26M -392.86M -326.62M -256.39M -251.68M -362.35M -410.19M -398.38M 114.45M -350.48M -237.23M -465.19M -707.35M -702.39M -451.70M 28.44M -747.15M -926.61M -958.62M -1,840.01M -412.96M -799.60M -385.64M
Net Debt Issuance -260.80M -287.42M -131.33M -506.44M -789.76M -763.21M 770.49M -18.04M 0.00M -2,060.30M -352.48M 0.00M 72.24M -37.77M 705.29M 631.05M -421.86M -101.89M -875.47M -943.91M 907.63M -52.96M 94.29M -341.88M 11.26M
Long-Term Debt Issuance -260.80M -257.57M -131.33M -506.44M -789.76M -868.56M 770.49M -18.04M 168.95M -2,060.30M -345.97M 3,834.44M 112.70M -37.77M 705.29M 631.05M -186.45M -101.89M -875.47M -943.91M 907.63M -52.96M 94.29M -210.62M 11.26M
Short-Term Debt Issuance 0.00M -5.55M 0.00M 0.00M 0.00M 105.36M 0.00M -101.16M 0.00M 0.00M -6.52M 0.00M -40.46M 0.00M -107.20M 0.00M -235.42M 0.00M 0.00M 0.00M 0.00M 0.00M -113.07M -131.26M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,189.38M 0.00M 0.00M 5.63M 0.00M 5.49M 9.88M 4.79M 0.00M 13.40M 7.50M 27.25M 1,065.63M 0.00M 0.00M 449.73M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,189.38M 0.00M 2,895.60M 5.63M 0.00M 5.49M 9.88M 4.79M 167.41M 13.40M 7.50M 27.25M 1,065.63M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 449.73M
Net Dividends Paid -256.35M -205.69M -204.40M -222.87M -185.40M -79.94M 0.00M -185.77M -8.37M -12.74M -2.05M -189.56M -160.10M -159.79M -135.29M -83.54M -85.08M -2.31M -167.89M -74.40M -162.67M -149.54M -131.77M -63.77M -141.22M
Common Dividends Paid -256.35M -205.69M -204.40M -222.87M -185.40M -79.94M 0.00M -185.77M -8.37M -12.74M -2.05M -189.56M -160.10M -159.79M -135.29M -83.54M -85.08M -2.31M -92.89M -74.40M -113.67M -113.54M -131.77M -63.77M -141.22M
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 -75.00M 0.00M -49.00M -36.00M 0.00M 0.00M 0.00M
Other Financing Activities -200.38M -279.94M -274.97M -250.27M -429.54M -241.51M -331.09M -127.25M -26.72M -62.80M -359.67M 6,919.60M -190.33M -23.81M -257.64M -126.77M -65.79M -70.11M -53.61M -249.87M 71.67M 407.81M 150.48M 0.00M -481.81M
Net Cash from Financing Activities -717.53M -655.77M -610.70M -979.58M -1,404.69M -1,084.65M 439.40M -344.48M -35.08M -946.47M -725.44M -256.79M -272.55M -222.94M 338.83M 430.62M -567.95M -185.61M -1,083.57M -1,260.68M 744.54M 1,270.95M 0.20M -405.65M -162.04M
Effect of FX on Cash -19.39M -35.03M -8.18M -21.96M -0.49M 35.82M -137.01M -19.09M -55.95M -71.48M -86.82M -70.89M -50.79M -52.44M -8.71M -0.53M 5.31M 2.20M -28.36M 3.18M 113.08M 16.71M -3.47M 0.00M 0.00M
Net Change in Cash 178.06M 83.34M 252.42M -34.54M -600.16M -386.14M 669.06M 296.78M 194.21M -414.29M 429.47M -83.45M 343.75M 127.71M 136.71M 315.67M -384.01M 383.70M -1,783.40M 1,751.09M 113.08M -343.70M 276.57M -545.02M -132.30M
Cash at Beginning of Period 3,972.63M 3,442.66M 1,248.85M 1,283.39M 1,883.54M 2,269.68M 1,600.63M 1,303.85M 1,109.64M 1,523.93M 1,094.46M 1,150.61M 806.86M 679.15M 542.44M 226.77M 610.78M 227.08M 2,010.48M 259.39M 146.31M 490.01M -1,745.36M 0.00M 0.00M
Cash at End of Period 4,150.69M 3,526.00M 1,501.27M 1,248.85M 1,283.39M 1,883.54M 2,269.68M 1,600.63M 1,303.85M 1,109.64M 1,523.93M 1,067.16M 1,150.61M 806.86M 679.15M 542.44M 226.77M 610.78M 227.08M 2,010.48M 259.39M 146.31M -1,468.80M -545.02M -132.30M
Operating Cash Flow 1,309.36M 1,233.90M 1,292.56M 1,359.86M 1,131.65M 919.07M 618.35M 1,022.70M 658.33M 1,137.63M 1,127.28M 871.45M 931.37M 868.28M 513.93M 587.97M 628.09M 538.67M 75.68M 570.98M 333.26M 467.30M 620.70M 660.24M 415.39M
Capital Expenditure -398.19M -424.90M -403.67M -399.04M -335.40M -286.67M -193.41M -390.51M -469.73M -489.35M -372.18M -391.39M -377.96M -413.10M -470.96M -626.21M -437.90M -244.95M -336.51M -303.75M -310.34M -242.46M -331.64M -362.02M -418.45M
Free Cash Flow 911.17M 808.99M 888.89M 960.83M 796.24M 632.40M 424.95M 632.19M 188.59M 648.28M 755.09M 480.06M 553.40M 455.18M 42.97M -38.24M 190.19M 293.73M -260.83M 267.23M 22.92M 224.84M 289.06M 298.22M -3.07M

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
EBITDA 3,359.65M 2,614.09M 3,756.46M 3,921.44M 3,882.41M 3,320.92M 2,642.49M 3,243.09M 3,130.11M 2,987.88M 3,425.65M 3,694.25M 3,694.28M 3,589.30M 3,536.84M 3,600.86M 3,217.36M 3,180.02M 2,933.64M 3,655.98M 3,276.52M 3,131.40M 2,815.47M 5,657.21M 5,703.47M
(-) Tax Adjustment 867.09M 665.95M 850.63M 835.18M 1,041.16M 875.63M 676.81M 857.66M 330.40M 401.32M 1,198.98M 0.00M 1,293.00M 1,256.25M 1,185.71M 261.15M 1,126.07M 1,113.01M 0.00M 1,151.08M 0.00M 842.52M 719.47M 1,980.02M 0.00M
(-) Change In Working Capital -61.19M 78.58M -53.58M 74.05M -54.71M -94.69M 3.20M -77.13M -270.07M 371.84M 221.86M -153.06M 9.23M 71.62M -310.29M -66.86M 129.09M 178.86M -140.37M -45.54M -238.58M 41.44M 69.56M 339.90M 446.26M
(-) Capital Expenditure -398.19M -424.90M -403.67M -399.04M -335.40M -286.67M -193.41M -390.51M -469.73M -489.35M -372.18M -391.39M -377.96M -413.10M -470.96M -626.21M -437.90M -244.95M -336.51M -303.75M -310.34M -242.46M -331.64M -362.02M -418.45M
Unlevered Free Cash Flow 2,155.56M 1,444.65M 2,555.73M 2,613.17M 2,560.55M 2,253.31M 1,769.07M 2,072.04M 2,600.05M 1,725.37M 1,632.63M 3,455.91M 2,014.08M 1,848.32M 2,190.45M 2,780.36M 1,524.30M 1,643.21M 2,737.51M 2,246.69M 3,204.76M 2,004.98M 1,694.79M 2,975.27M 4,838.75M
(-) Net Interest Income After Taxes -211.24M -214.39M -149.53M -176.04M -85.59M -75.17M -81.36M -10.43M -107.78M -231.91M -237.49M -234.90M -67.67M -69.75M -47.11M -65.38M -42.77M -55.48M -26.12M -51.90M 532.25M -47.78M -54.25M -256.77M -723.10M
Net Debt Issuance -260.80M -287.42M -131.33M -506.44M -789.76M -763.21M 770.49M -18.04M 0.00M -2,060.30M -352.48M 0.00M 72.24M -37.77M 705.29M 631.05M -421.86M -101.89M -875.47M -943.91M 907.63M -52.96M 94.29M -341.88M 11.26M
Levered Free Cash Flow 2,105.99M 1,371.62M 2,573.93M 2,282.77M 1,856.37M 1,565.27M 2,620.92M 2,064.43M 2,707.83M -103.03M 1,517.64M 3,690.81M 2,154.00M 1,880.30M 2,942.86M 3,476.79M 1,145.20M 1,596.80M 1,888.15M 1,354.68M 3,580.14M 1,999.81M 1,843.33M 2,890.16M 5,573.12M