Page: Company Financials
Pandora A/S
$505.00
-3.80 (-0.75%)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Price | 998.13 | 1,131.63 | 733.05 | 485.33 | 779.50 | 429.98 | 280.75 | 437.75 | 667.25 | 872.38 | 750.88 | 435.65 | 222.75 | 82.24 | 130.35 | 281.25 | 263.00 |
| Market Capitalization | 77,463.21M | 92,226.18M | 62,434.68M | 45,229.58M | 76,954.19M | 39,047.45M | 29,144.41M | 47,060.69M | 74,052.89M | 99,628.95M | 89,243.74M | 53,728.77M | 28,419.36M | 10,635.34M | 16,065.73M | 35,237.70M | 30,402.80M |
| (-) Cash & Equivalents | 775.33M | 1,225.25M | 910.25M | 693.75M | 1,427.50M | 1,287.25M | 907.25M | 945.75M | 713.00M | 644.50M | 673.00M | 653.50M | 324.00M | 286.75M | 314.00M | 426.00M | 274.74M |
| (+) Total Debt | 16,415.00M | 14,112.75M | 11,927.00M | 8,457.00M | 4,787.50M | 8,172.25M | 11,476.00M | 6,805.25M | 4,821.75M | 3,806.75M | 1,821.25M | 129.00M | 333.75M | 819.00M | 1,108.00M | 1,694.25M | 991.62M |
| Enterprise Value | 93,102.88M | 105,113.68M | 73,451.43M | 52,992.83M | 80,314.19M | 45,932.45M | 39,713.16M | 52,920.19M | 78,161.64M | 102,791.20M | 90,391.99M | 53,204.27M | 28,429.11M | 11,167.59M | 16,859.73M | 36,505.95M | 31,119.68M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 32,664M | 30,528M | 31,680M | 28,136M | 26,463M | 23,394M | 19,009M | 21,868M | 22,806M | 22,781M | 20,281M | 16,737M | 11,942M | 9,010M | 6,652M | 6,658M | 6,666M | 3,544M | 1,638M |
| Cost of Revenue | 6,626M | 6,210M | 6,391M | 6,012M | 6,273M | 5,590M | 4,634M | 5,966M | 5,864M | 5,815M | 5,058M | 4,544M | 3,519M | 3,011M | 2,223M | 1,798M | 1,941M | 1,073M | 647M |
| Gross Profit | 26,038M | 24,318M | 25,289M | 22,124M | 20,190M | 17,804M | 14,375M | 15,902M | 16,942M | 16,966M | 15,223M | 12,193M | 8,423M | 5,999M | 4,429M | 4,860M | 4,725M | 2,471M | 991M |
| Gross Profit Margin | 79.7% | 79.7% | 79.8% | 78.6% | 76.3% | 76.1% | 75.6% | 72.7% | 74.3% | 74.5% | 75.1% | 72.9% | 70.5% | 66.6% | 66.6% | 73.0% | 70.9% | 69.7% | 60.5% |
| R&D Expenses | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 18,082M | 16,818M | 17,315M | 15,086M | 13,447M | 11,965M | 11,691M | 12,075M | 10,511M | 9,182M | 7,819M | 6,379M | 4,351M | 3,318M | 2,954M | 2,802M | 2,309M | 1,047M | 359M |
| Operating Expenses | 18,082M | 16,818M | 17,315M | 15,085M | 13,447M | 11,965M | 11,691M | 12,075M | 10,511M | 9,182M | 7,819M | 6,379M | 4,351M | 3,318M | 2,954M | 2,802M | 2,309M | 1,047M | 359M |
| Operating Income (EBIT) | 7,956M | 7,500M | 7,974M | 7,039M | 6,743M | 5,839M | 2,684M | 3,827M | 6,431M | 7,784M | 7,404M | 5,814M | 4,072M | 2,681M | 1,475M | 2,058M | 2,416M | 1,424M | 633M |
| Operating Income Margin | 24.4% | 24.6% | 25.2% | 25.0% | 25.5% | 25.0% | 14.1% | 17.5% | 28.2% | 34.2% | 36.5% | 34.7% | 34.1% | 29.8% | 22.2% | 30.9% | 36.2% | 40.2% | 38.6% |
| Interest Income | 157M | 205M | 39M | 40M | 7M | 21M | 7M | 16M | 4M | 3M | 4M | 3M | 7M | 4M | 4M | 642M | 54M | 30M | 4M |
| Interest Expense | 1,028M | 1,107M | 918M | 716M | 321M | 211M | 253M | 186M | 63M | 45M | 45M | 120M | 75M | 5M | 25M | 331M | 218M | 204M | 155M |
| Net Interest Income | -871M | -902M | -879M | -676M | -314M | -190M | -246M | -170M | -59M | -42M | -41M | -117M | -68M | -1M | -21M | 311M | -164M | -174M | -151M |
| Unusual Items | -168M | -129M | -169M | -129M | 104M | -271M | 56M | 172M | 210M | -75M | 287M | -352M | -132M | 62M | 25M | 0M | 0M | -61M | -66M |
| EBT Excluding Unusual Items | 7,085M | 6,598M | 7,095M | 6,363M | 6,429M | 5,649M | 2,438M | 3,657M | 6,372M | 7,742M | 7,363M | 5,697M | 4,004M | 2,680M | 1,454M | 2,369M | 2,252M | 1,250M | 482M |
| Pre-Tax Income | 6,917M | 6,469M | 6,926M | 6,234M | 6,533M | 5,378M | 2,494M | 3,829M | 6,582M | 7,667M | 7,650M | 5,345M | 3,872M | 2,742M | 1,479M | 2,369M | 2,252M | 1,189M | 416M |
| Pre-Tax Margin | 21.2% | 21.2% | 21.9% | 22.2% | 24.7% | 23.0% | 13.1% | 17.5% | 28.9% | 33.7% | 37.7% | 31.9% | 32.4% | 30.4% | 22.2% | 35.6% | 33.8% | 33.5% | 25.4% |
| Income Tax Expense | 1,656M | 1,581M | 1,699M | 1,494M | 1,504M | 1,218M | 556M | 884M | 1,537M | 1,899M | 1,625M | 1,671M | 774M | 522M | 277M | 332M | 381M | 184M | 110M |
| Net Income | 5,262M | 4,889M | 5,227M | 4,740M | 5,029M | 4,160M | 1,938M | 2,945M | 5,045M | 5,768M | 6,025M | 3,674M | 3,098M | 2,220M | 1,202M | 2,037M | 1,871M | 1,005M | 306M |
| Net Income Margin | 16.1% | 16.0% | 16.5% | 16.8% | 19.0% | 17.8% | 10.2% | 13.5% | 22.1% | 25.3% | 29.7% | 22.0% | 25.9% | 24.6% | 18.1% | 30.6% | 28.1% | 28.3% | 18.7% |
| Depreciation & Amortization | 2,514M | 2,284M | 2,353M | 2,079M | 1,973M | 1,914M | 2,315M | 2,319M | 989M | 721M | 517M | 138M | 76M | 266M | 218M | 863M | 319M | 110M | -11M |
| EBITDA | 10,470M | 9,784M | 10,327M | 9,118M | 8,716M | 7,753M | 4,999M | 6,146M | 7,420M | 8,505M | 7,921M | 5,952M | 4,148M | 2,947M | 1,693M | 2,921M | 2,735M | 1,534M | 621M |
| EBITDA Margin | 32.1% | 32.0% | 32.6% | 32.4% | 32.9% | 33.1% | 26.3% | 28.1% | 32.5% | 37.3% | 39.1% | 35.6% | 34.7% | 32.7% | 25.5% | 43.9% | 41.0% | 43.3% | 37.9% |
| NOPAT | 6,051M | 5,667M | 6,018M | 5,352M | 5,191M | 4,517M | 2,086M | 2,943M | 4,929M | 5,856M | 5,831M | 3,996M | 3,258M | 2,171M | 1,199M | 1,770M | 2,007M | 1,203M | 466M |
| NOPAT Margin | 18.5% | 18.6% | 19.0% | 19.0% | 19.6% | 19.3% | 11.0% | 13.5% | 21.6% | 25.7% | 28.8% | 23.9% | 27.3% | 24.1% | 18.0% | 26.6% | 30.1% | 34.0% | 28.5% |
| Owner's Earnings | 6,006M | 5,509M | 5,901M | 5,331M | 5,811M | 5,489M | 3,749M | 4,452M | 4,927M | 5,172M | 5,373M | 2,790M | 2,719M | 1,996M | 1,144M | 2,631M | 1,928M | 996M | 247M |
| Owner's Earnings Margin | 18.4% | 18.0% | 18.6% | 18.9% | 22.0% | 23.5% | 19.7% | 20.4% | 21.6% | 22.7% | 26.5% | 16.7% | 22.8% | 22.2% | 17.2% | 39.5% | 28.9% | 28.1% | 15.1% |
| EPS (Basic) | 66.34 | 59.51 | 64.85 | 55.50 | 54.22 | 42.12 | 19.97 | 30.28 | 47.17 | 52.00 | 52.80 | 30.90 | 25.00 | 17.20 | 9.20 | 15.70 | 15.00 | 8.00 | 2.50 |
| EPS (Diluted) | 67.19 | 60.12 | 64.60 | 55.06 | 53.67 | 41.74 | 19.89 | 30.07 | 47.05 | 51.79 | 52.51 | 30.67 | 24.69 | 17.01 | 9.18 | 15.67 | 14.82 | 8.17 | 2.50 |
| Shares (Basic) | 78M | 83M | 81M | 85M | 93M | 99M | 97M | 97M | 107M | 111M | 114M | 119M | 124M | 129M | 130M | 130M | 125M | 121M | 123M |
| Shares (Diluted) | 78M | 81M | 81M | 86M | 94M | 100M | 97M | 98M | 107M | 111M | 115M | 120M | 125M | 130M | 131M | 130M | 126M | 123M | 123M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 765.00M | 817.00M | 2,394.00M | 1,397.00M | 794.00M | 1,043.00M | 2,912.00M | 1,054.00M | 1,387.00M | 993.00M | 897.00M | 889.00M | 1,131.00M | 686.00M | 341.00M | 176.00M | 1,224.00M | 824.21M | 304.89M |
| Short-Term Investments | 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 |
| Cash & Short-Term Investments | 765.00M | 817.00M | 2,394.00M | 1,397.00M | 794.00M | 1,043.00M | 2,912.00M | 1,054.00M | 1,387.00M | 993.00M | 897.00M | 889.00M | 1,131.00M | 686.00M | 341.00M | 176.00M | 1,224.00M | 824.21M | 304.89M |
| Net Receivables | 1,822.00M | 1,574.00M | 2,090.00M | 2,348.00M | 2,495.00M | 1,885.00M | 1,760.00M | 3,187.00M | 2,752.00M | 3,057.00M | 2,569.00M | 2,276.00M | 1,566.00M | 1,661.00M | 1,580.00M | 1,118.00M | 1,464.00M | 720.57M | 399.12M |
| Inventory | 5,369.00M | 4,735.00M | 4,426.00M | 4,166.00M | 4,211.00M | 2,991.00M | 1,949.00M | 2,137.00M | 3,158.00M | 2,729.00M | 2,729.00M | 2,357.00M | 1,684.00M | 1,490.00M | 1,318.00M | 1,609.00M | 1,272.00M | 432.98M | 143.43M |
| Other Current Assets | 923.00M | 967.00M | 316.00M | 87.00M | 1,464.00M | 945.00M | 1,241.00M | 1,731.00M | 1,264.00M | 1,256.00M | 1,057.00M | 981.00M | 555.00M | 766.00M | 640.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Current Assets | 8,879.00M | 8,093.00M | 9,226.00M | 7,998.00M | 8,964.00M | 6,864.00M | 7,862.00M | 8,109.00M | 8,561.00M | 8,035.00M | 7,252.00M | 6,503.00M | 4,936.00M | 4,603.00M | 3,879.00M | 2,903.00M | 3,960.00M | 1,977.77M | 847.44M |
| Property, Plant & Equipment | 9,122.00M | 8,704.00M | 8,472.00M | 6,525.00M | 5,203.00M | 4,348.00M | 5,062.00M | 6,596.00M | 2,634.00M | 2,324.00M | 1,767.00M | 1,237.00M | 711.00M | 497.00M | 472.00M | 429.00M | 374.00M | 205.10M | 114.63M |
| Goodwill | 5,014.00M | 5,027.00M | 5,126.00M | 4,914.00M | 4,822.00M | 4,418.00M | 4,247.00M | 4,416.00M | 4,278.00M | 3,522.00M | 2,571.00M | 2,424.00M | 2,080.00M | 1,904.00M | 1,922.00M | 2,981.00M | 2,957.00M | 1,207.85M | 931.78M |
| Intangible Assets | 3,314.00M | 3,218.00M | 3,106.00M | 2,886.00M | 2,746.00M | 2,676.00M | 2,696.00M | 3,029.00M | 3,500.00M | 3,477.00M | 3,195.00M | 3,025.00M | 2,779.00M | 2,713.00M | 2,565.00M | 1,495.00M | 1,533.00M | 2,327.37M | 2,358.23M |
| Long-Term Investments | 301.00M | 291.00M | 298.00M | 0.00M | 249.00M | 222.00M | 244.00M | 290.00M | 323.00M | 289.00M | 250.00M | 159.00M | 99.00M | 48.00M | 26.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax Assets | 1,806.00M | 1,675.00M | 1,530.00M | 1,260.00M | 1,261.00M | 891.00M | 764.00M | 675.00M | 1,050.00M | 884.00M | 946.00M | 879.00M | 407.00M | 276.00M | 190.00M | 209.00M | 107.00M | 76.50M | 29.00M |
| Other Non-Current Assets | 0.00M | 0.00M | 0.00M | 215.00M | 1.00M | 0.00M | -1.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 34.00M | 28.00M | 21.19M | 0.82M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -1.00M | 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 | 19,557.00M | 18,915.00M | 18,532.00M | 15,800.00M | 14,282.00M | 12,554.00M | 13,012.00M | 15,006.00M | 11,785.00M | 10,496.00M | 8,729.00M | 7,724.00M | 6,076.00M | 5,438.00M | 5,175.00M | 5,148.00M | 4,999.00M | 3,838.01M | 3,434.45M |
| Total Assets | 28,436.00M | 27,008.00M | 27,758.00M | 23,798.00M | 23,246.00M | 19,418.00M | 20,874.00M | 23,115.00M | 20,346.00M | 18,531.00M | 15,981.00M | 14,227.00M | 11,012.00M | 10,041.00M | 9,054.00M | 8,051.00M | 8,959.00M | 5,815.78M | 4,281.89M |
| Accounts Payable | 3,555.00M | 3,271.00M | 3,894.00M | 3,211.00M | 3,131.00M | 3,267.00M | 3,211.00M | 3,095.00M | 2,253.00M | 1,695.00M | 1,622.00M | 1,329.00M | 804.00M | 539.00M | 219.00M | 288.00M | 245.00M | 106.00M | 30.45M |
| Short-Term Debt | 5,971.00M | 3,020.00M | 397.00M | 313.00M | 3,508.00M | 1,161.00M | 3,003.00M | 1,057.00M | 248.00M | 164.00M | 3.00M | 257.00M | 10.00M | 49.00M | 7.00M | 10.00M | 2,326.00M | 271.62M | 298.74M |
| Tax Payables | 0.00M | 989.00M | 871.00M | 583.00M | 1,068.00M | 1,003.00M | 382.00M | 438.00M | 543.00M | 572.00M | 547.00M | 306.00M | 643.00M | 546.00M | 283.00M | 344.00M | 351.00M | 206.66M | 124.25M |
| Deferred Revenue | 763.00M | 0.00M | 1,077.00M | 906.00M | 764.00M | 3,095.00M | 1,929.00M | 1,927.00M | 2,122.00M | 572.00M | 547.00M | 306.00M | 643.00M | 546.00M | 283.00M | 344.00M | 351.00M | 206.66M | 124.25M |
| Other Current Liabilities | 1,274.00M | 988.00M | 2,259.00M | 2,506.00M | 1,760.00M | 1,041.00M | 1,465.00M | 1,420.00M | 1,513.00M | 1,785.00M | 2,224.00M | 2,190.00M | 1,576.00M | 1,170.00M | 1,155.00M | 1,005.00M | 562.00M | 316.64M | 120.03M |
| Total Current Liabilities | 11,563.00M | 8,268.00M | 8,498.00M | 7,519.00M | 10,231.00M | 9,567.00M | 9,990.00M | 7,937.00M | 6,679.00M | 4,788.00M | 4,943.00M | 4,388.00M | 3,676.00M | 2,850.00M | 1,947.00M | 1,991.00M | 3,835.00M | 1,107.57M | 697.71M |
| Long-Term Debt | 7,778.00M | 7,767.00M | 7,831.00M | 6,972.00M | 1,017.00M | 1,041.00M | 0.00M | 5,158.00M | 6,421.00M | 5,283.00M | 3,008.00M | 2,350.00M | 0.00M | 0.00M | 151.00M | 375.00M | 0.00M | 2,703.23M | 2,693.66M |
| Capital Lease Obligations | 0.00M | 5,326.00M | 5,173.00M | 3,881.00M | 3,063.00M | 2,610.00M | 3,059.00M | 3,816.00M | 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 | 254.00M | 161.00M | 102.00M | 164.00M | 172.00M | 113.00M | 368.00M | 235.00M | 461.00M | 501.00M | 393.00M | 394.00M | 430.00M | 471.00M | 552.00M | 552.00M | 606.00M | 559.24M | 586.07M |
| Other Non-Current Liabilities | 701.00M | 696.00M | 646.00M | 489.00M | 363.00M | 1.00M | 1.00M | 1.00M | 451.00M | 631.00M | 494.00M | 346.00M | 61.00M | 38.00M | 2.00M | 2.00M | 554.00M | 4.46M | 1.09M |
| Total Non-Current Liabilities | 8,733.00M | 13,950.00M | 13,752.00M | 11,506.00M | 4,615.00M | 3,765.00M | 3,428.00M | 9,210.00M | 7,333.00M | 6,415.00M | 3,895.00M | 3,090.00M | 491.00M | 509.00M | 705.00M | 929.00M | 1,160.00M | 3,266.93M | 3,280.83M |
| Total Liabilities | 20,296.00M | 22,218.00M | 22,250.00M | 19,025.00M | 14,846.00M | 13,332.00M | 13,418.00M | 17,147.00M | 14,012.00M | 11,203.00M | 8,838.00M | 7,478.00M | 4,167.00M | 3,359.00M | 2,652.00M | 2,920.00M | 4,995.00M | 4,374.50M | 3,978.54M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 4,030.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 79.00M | 79.00M | 82.00M | 89.00M | 96.00M | 100.00M | 100.00M | 100.00M | 110.00M | 113.00M | 117.00M | 122.00M | 128.00M | 130.00M | 130.00M | 130.00M | 130.00M | 0.50M | 0.13M |
| Retained Earnings | 5,379.00M | 4,846.00M | 7,795.00M | 9,010.00M | 8,044.00M | 9,523.00M | 6,632.00M | 5,110.00M | 7,891.00M | 6,491.00M | 8,823.00M | 7,635.00M | 6,537.00M | 4,794.00M | 3,331.00M | 2,736.00M | 1,414.00M | 1,275.34M | 306.34M |
| Accumulated OCI | 792.00M | 493.00M | 859.00M | 609.00M | 918.00M | 795.00M | 750.00M | 1,167.00M | 967.00M | 922.00M | 2,188.00M | -4,030.00M | 729.00M | 205.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| 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 | 197.46M | 0.00M |
| Total Shareholders’ Equity | 6,250.00M | 5,418.00M | 8,736.00M | 9,708.00M | 9,058.00M | 10,418.00M | 7,482.00M | 6,377.00M | 8,968.00M | 7,526.00M | 11,128.00M | 7,757.00M | 7,394.00M | 5,129.00M | 3,461.00M | 2,866.00M | 1,544.00M | 1,275.84M | 306.46M |
| Total Equity | 6,250.00M | 5,418.00M | 8,736.00M | 9,708.00M | 9,058.00M | 10,418.00M | 7,482.00M | 6,377.00M | 8,968.00M | 7,526.00M | 11,128.00M | 7,757.00M | 7,394.00M | 5,129.00M | 3,461.00M | 2,866.00M | 1,544.00M | 1,473.31M | 306.46M |
| Total Liabilities & Equity | 26,546.00M | 27,636.00M | 30,986.00M | 28,733.00M | 23,904.00M | 23,750.00M | 20,900.00M | 23,524.00M | 22,980.00M | 18,729.00M | 19,966.00M | 15,235.00M | 11,561.00M | 8,488.00M | 6,113.00M | 5,786.00M | 6,539.00M | 5,847.81M | 4,285.00M |
| Tangible Assets | 20,108.00M | 18,763.00M | 19,526.00M | 15,998.00M | 15,678.00M | 12,324.00M | 13,931.00M | 15,670.00M | 12,568.00M | 11,532.00M | 10,215.00M | 8,778.00M | 6,153.00M | 5,424.00M | 4,567.00M | 3,575.00M | 4,469.00M | 2,280.56M | 991.89M |
| Tangible Equity | -2,078.00M | -2,827.00M | 504.00M | 1,908.00M | 1,490.00M | 3,324.00M | 539.00M | -1,068.00M | 1,190.00M | 527.00M | 5,362.00M | 2,308.00M | 2,535.00M | 512.00M | -1,026.00M | -1,610.00M | -2,946.00M | -2,061.91M | -2,983.54M |
| Tangible Book Value | -2,078.00M | -2,827.00M | 504.00M | 1,908.00M | 1,490.00M | 3,324.00M | 539.00M | -1,068.00M | 1,190.00M | 527.00M | 5,362.00M | 2,308.00M | 2,535.00M | 512.00M | -1,026.00M | -1,610.00M | -2,946.00M | -2,061.91M | -2,983.54M |
| Total Investments | 301.00M | 291.00M | 298.00M | 0.00M | 249.00M | 222.00M | 244.00M | 290.00M | 323.00M | 289.00M | 250.00M | 159.00M | 99.00M | 48.00M | 26.00M | 34.00M | 28.00M | 0.00M | 0.00M |
| Net Debt | 12,984.00M | 9,970.00M | 5,834.00M | 5,888.00M | 3,731.00M | 1,159.00M | 91.00M | 5,161.00M | 5,282.00M | 4,454.00M | 2,114.00M | 1,718.00M | -1,121.00M | -637.00M | -183.00M | 209.00M | 1,102.00M | 2,150.64M | 2,687.51M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital | -3,733.0M | -2,815.0M | -651.0M | -55.0M | -3,450.0M | -2,258.0M | -2,818.0M | -1,281.0M | 1,967.0M | 2,433.0M | 1,960.0M | 1,505.0M | 1,447.0M | 1,533.0M | 1,575.0M | 1,256.0M | 476.0M | 1,077.3M | 274.0M |
| Total Capital | 20,840.0M | 19,663.0M | 18,909.0M | 16,522.0M | 14,755.0M | 10,927.0M | 13,451.0M | 15,280.0M | 13,088.0M | 11,961.0M | 9,805.0M | 8,746.0M | 7,042.0M | 6,511.0M | 6,196.0M | 5,796.0M | 6,641.0M | 4,425.8M | 3,420.0M |
| Capital Employed | 15,824.0M | 16,100.0M | 17,881.0M | 15,745.0M | 10,832.0M | 10,296.0M | 10,194.0M | 13,725.0M | 13,752.0M | 12,929.0M | 10,689.0M | 9,229.0M | 7,523.0M | 6,971.0M | 6,750.0M | 6,404.0M | 5,475.0M | 4,915.3M | 3,708.4M |
| Invested Capital | 20,075.0M | 18,846.0M | 16,515.0M | 15,125.0M | 13,961.0M | 9,884.0M | 10,539.0M | 14,226.0M | 11,701.0M | 10,968.0M | 8,908.0M | 7,857.0M | 5,911.0M | 5,825.0M | 5,855.0M | 5,620.0M | 5,417.0M | 3,601.6M | 3,115.1M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 7,566.00M | 6,033.00M | 7,974.00M | 7,039.00M | 6,743.00M | 4,160.00M | 2,684.00M | 3,829.00M | 6,582.00M | 7,667.00M | 7,650.00M | 5,345.00M | 3,872.00M | 2,742.00M | 1,479.00M | 2,369.00M | 2,252.00M | 1,188.91M | 415.83M |
| Depreciation & Amortization | 2,514.00M | 2,284.00M | 2,353.00M | 2,079.00M | 1,973.00M | 1,999.00M | 2,315.00M | 2,319.00M | 990.00M | 721.00M | 518.00M | 400.00M | 222.00M | 200.00M | 180.00M | 221.00M | 265.00M | 148.18M | 33.13M |
| Deferred Income Tax | 0.00M | -1,405.00M | 0.00M | 0.00M | 0.00M | -1,167.00M | -475.00M | -1,413.00M | -1,716.00M | -1,693.00M | -1,262.00M | -2,621.00M | -784.00M | -361.00M | -471.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Stock-Based Compensation | 112.00M | 120.00M | 166.00M | 105.00M | 87.00M | 166.00M | 70.00M | 20.00M | -31.00M | 66.00M | 76.00M | 75.00M | 71.00M | 64.00M | 20.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in Working Capital | -53.00M | 783.00M | 912.00M | 712.00M | -2,102.00M | -549.00M | 1,497.00M | 2,027.00M | 968.00M | -258.00M | -206.00M | 148.00M | 949.00M | -325.00M | 156.00M | 18.00M | -744.00M | -85.97M | -118.60M |
| Accounts Receivable | -100.00M | 106.00M | 106.00M | 56.00M | -531.00M | -77.00M | 869.00M | -65.00M | 224.00M | -285.00M | -327.00M | -560.00M | 63.00M | -215.00M | -368.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Inventory | -452.00M | -166.00M | -126.00M | 210.00M | -1,012.00M | -799.00M | -96.00M | 1,284.00M | -18.00M | 145.00M | -206.00M | -431.00M | 91.00M | -292.00M | 302.00M | -310.00M | -665.00M | -139.14M | 53.88M |
| Accounts Payable | -1,449.00M | 843.00M | 932.00M | 446.00M | -559.00M | 327.00M | 724.00M | 808.00M | 762.00M | -166.00M | 327.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Working Capital | 1,948.00M | 258.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 986.00M | -403.00M | 0.00M | 579.00M | 858.00M | -33.00M | -146.00M | 328.00M | -79.00M | 53.17M | -172.48M |
| Other Non-Cash Items | -2,355.00M | 3,354.00M | -2,684.00M | -2,551.00M | -2,267.00M | 864.00M | -116.00M | -7.00M | -169.00M | 103.00M | -245.00M | 37.00M | -8.00M | 108.00M | -25.00M | -785.00M | -457.00M | -185.41M | 63.08M |
| Net Cash from Operating Activities | 7,784.00M | 7,817.00M | 8,721.00M | 7,384.00M | 4,434.00M | 6,228.00M | 5,975.00M | 6,775.00M | 6,624.00M | 6,606.00M | 6,531.00M | 3,384.00M | 4,322.00M | 2,428.00M | 1,339.00M | 1,823.00M | 1,316.00M | 1,065.72M | 393.45M |
| Capital Expenditures (PPE) | -1,554.00M | -1,563.00M | -1,336.00M | -1,488.00M | -1,191.00M | -584.00M | -504.00M | -812.00M | -1,107.00M | -1,317.00M | -1,169.00M | -1,022.00M | -455.00M | -490.00M | -276.00M | -269.00M | -262.00M | -118.16M | -47.95M |
| Acquisitions (Net) | -385.00M | -200.00M | -180.00M | -349.00M | -562.00M | -66.00M | -12.00M | -148.00M | -1,071.00M | -1,843.00M | -210.00M | -260.00M | -155.00M | -45.00M | 0.00M | -116.00M | -94.00M | -75.15M | -2,924.15M |
| Purchases of Investments | 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 |
| Sales / Maturities of Investments | 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 Investing Activities | -360.00M | -98.00M | -373.00M | 37.00M | -32.00M | 20.00M | 32.00M | 83.00M | -13.00M | -36.00M | -44.00M | -14.00M | -22.00M | -8.00M | 45.00M | 21.00M | 52.00M | -14.11M | 0.29M |
| Net Cash from Investing Activities | -2,299.00M | -1,858.00M | -1,889.00M | -1,800.00M | -1,785.00M | -631.00M | -484.00M | -877.00M | -2,191.00M | -3,196.00M | -1,423.00M | -1,296.00M | -632.00M | -543.00M | -231.00M | -364.00M | -304.00M | -207.42M | -2,971.81M |
| Net Debt Issuance | 1,737.00M | 110.00M | 945.00M | 2,606.00M | 3,009.00M | -1,689.00M | -4,051.00M | -1,600.00M | 1,222.00M | 2,439.00M | 404.00M | 2,655.00M | -37.00M | -111.00M | -228.00M | -1,839.00M | -424.00M | -343.59M | 2,882.85M |
| Long-Term Debt Issuance | 479.00M | 381.00M | 3,674.00M | 2,606.00M | 3,009.00M | -1,689.00M | -3,212.00M | -462.00M | 1,222.00M | 2,439.00M | 404.00M | 2,655.00M | -37.00M | -111.00M | -228.00M | -1,839.00M | -424.00M | -343.59M | 2,882.85M |
| Short-Term Debt Issuance | 1,258.00M | -271.00M | -2,729.00M | 0.00M | 0.00M | -991.00M | -839.00M | -1,138.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -344.00M | 0.00M |
| Net Stock Issuance | -4,460.00M | -3,786.00M | -4,013.00M | -5,022.00M | -3,527.00M | -3,325.00M | -431.00M | -2,583.00M | -3,289.00M | -1,721.00M | -4,000.00M | -3,900.00M | -2,402.00M | -700.00M | 0.00M | 0.00M | 613.00M | 1.03M | 0.00M |
| Common Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 1,778.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 651.00M | 0.89M | 0.00M |
| Common Stock Repurchased | -4,460.00M | -3,786.00M | -4,013.00M | -5,022.00M | -3,527.00M | -3,325.00M | -431.00M | -2,583.00M | -3,289.00M | -1,721.00M | -4,000.00M | -3,900.00M | -2,402.00M | -700.00M | 0.00M | 0.00M | -38.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -1,778.00M | 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 | -1,950.00M | -1,471.00M | -1,471.00M | -1,412.00M | -1,514.00M | -1,479.00M | -825.00M | -1,756.00M | -1,943.00M | -3,995.00M | -1,507.00M | -1,088.00M | -820.00M | -713.00M | -715.00M | -650.00M | -200.00M | 0.00M | 0.00M |
| Common Dividends Paid | -1,950.00M | -1,471.00M | -1,471.00M | -1,412.00M | -1,514.00M | 0.00M | -825.00M | -1,756.00M | -1,943.00M | -3,995.00M | -1,507.00M | -1,088.00M | -820.00M | -713.00M | -715.00M | -650.00M | -200.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | -361.00M | 0.00M | 0.00M | 0.00M | -1,479.00M | 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 | -888.00M | -912.00M | -1,162.00M | -1,107.00M | -1,068.00M | -991.00M | 1,736.00M | -311.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -13.00M | -633.00M | 0.00M | 0.00M |
| Net Cash from Financing Activities | -5,561.00M | -6,059.00M | -5,701.00M | -4,935.00M | -3,100.00M | -7,484.00M | -3,571.00M | -6,250.00M | -4,010.00M | -3,277.00M | -5,103.00M | -2,333.00M | -3,259.00M | -1,524.00M | -943.00M | -2,502.00M | -644.00M | -342.57M | 2,882.85M |
| Effect of FX on Cash | 101.00M | -56.00M | -11.00M | -61.00M | 4.00M | 18.00M | -62.00M | 19.00M | -29.00M | -37.00M | 3.00M | 3.00M | 14.00M | -16.00M | 0.00M | -5.00M | 32.00M | 3.59M | 0.13M |
| Net Change in Cash | 25.00M | -277.00M | 1,120.00M | 588.00M | -448.00M | -1,869.00M | 1,858.00M | -333.00M | 394.00M | 96.00M | 8.00M | -242.00M | 445.00M | 345.00M | 165.00M | -1,048.00M | 400.00M | 519.32M | 304.62M |
| Cash at Beginning of Period | 4,118.00M | 3,850.00M | 1,183.00M | 595.00M | 1,043.00M | 2,912.00M | 1,054.00M | 1,387.00M | 993.00M | 897.00M | 889.00M | 1,131.00M | 686.00M | 341.00M | 176.00M | 1,224.00M | 824.00M | 304.89M | 0.27M |
| Cash at End of Period | 4,143.00M | 3,573.00M | 2,303.00M | 1,183.00M | 595.00M | 1,043.00M | 2,912.00M | 1,054.00M | 1,387.00M | 993.00M | 897.00M | 889.00M | 1,131.00M | 686.00M | 341.00M | 176.00M | 1,224.00M | 824.21M | 304.89M |
| Operating Cash Flow | 7,784.00M | 7,817.00M | 8,721.00M | 7,384.00M | 4,434.00M | 6,228.00M | 5,975.00M | 6,775.00M | 6,624.00M | 6,606.00M | 6,531.00M | 3,384.00M | 4,322.00M | 2,428.00M | 1,339.00M | 1,823.00M | 1,316.00M | 1,065.72M | 393.45M |
| Capital Expenditure | -1,770.00M | -1,664.00M | -1,679.00M | -1,488.00M | -1,191.00M | -585.00M | -504.00M | -812.00M | -1,107.00M | -1,317.00M | -1,169.00M | -1,022.00M | -455.00M | -490.00M | -276.00M | -269.00M | -262.00M | -118.16M | -47.95M |
| Free Cash Flow | 6,014.00M | 6,152.00M | 7,042.00M | 5,896.00M | 3,243.00M | 5,643.00M | 5,471.00M | 5,963.00M | 5,517.00M | 5,289.00M | 5,362.00M | 2,362.00M | 3,867.00M | 1,938.00M | 1,063.00M | 1,554.00M | 1,054.00M | 947.56M | 345.49M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 10,470.00M | 9,784.00M | 10,327.00M | 9,117.00M | 8,716.00M | 7,753.00M | 4,999.00M | 6,146.00M | 7,420.00M | 8,505.00M | 7,921.00M | 5,952.00M | 4,148.00M | 2,947.00M | 1,693.00M | 2,921.00M | 2,735.00M | 1,533.57M | 621.48M |
| (-) Tax Adjustment | 2,506.62M | 2,391.17M | 2,533.29M | 2,184.92M | 2,006.56M | 1,755.89M | 1,114.45M | 1,418.93M | 1,732.69M | 2,106.56M | 1,682.57M | 1,860.77M | 829.17M | 561.03M | 317.08M | 409.36M | 462.72M | 237.74M | 163.66M |
| (-) Change In Working Capital | -53.00M | 783.00M | 912.00M | 712.00M | -2,102.00M | -549.00M | 1,497.00M | 2,027.00M | 968.00M | -258.00M | -206.00M | 148.00M | 949.00M | -325.00M | 156.00M | 18.00M | -744.00M | -85.97M | -118.60M |
| (-) Capital Expenditure | -1,770.00M | -1,664.00M | -1,679.00M | -1,488.00M | -1,191.00M | -585.00M | -504.00M | -812.00M | -1,107.00M | -1,317.00M | -1,169.00M | -1,022.00M | -455.00M | -490.00M | -276.00M | -269.00M | -262.00M | -118.16M | -47.95M |
| Unlevered Free Cash Flow | 6,246.38M | 4,945.83M | 5,202.71M | 4,732.08M | 7,620.44M | 5,961.11M | 1,883.55M | 1,888.07M | 3,612.31M | 5,339.44M | 5,275.43M | 2,921.23M | 1,914.83M | 2,220.97M | 943.92M | 2,224.64M | 2,754.28M | 1,263.64M | 528.47M |
| (-) Net Interest Income After Taxes | -662.47M | -681.55M | -663.37M | -513.99M | -241.71M | -146.97M | -191.16M | -130.75M | -45.22M | -31.60M | -32.29M | -80.42M | -54.41M | -0.81M | -17.07M | 267.42M | -136.25M | -146.99M | -111.17M |
| Net Debt Issuance | 1,737.00M | 110.00M | 945.00M | 2,606.00M | 3,009.00M | -1,689.00M | -4,051.00M | -1,600.00M | 1,222.00M | 2,439.00M | 404.00M | 2,655.00M | -37.00M | -111.00M | -228.00M | -1,839.00M | -424.00M | -343.59M | 2,882.85M |
| Levered Free Cash Flow | 8,645.85M | 5,737.38M | 6,811.08M | 7,852.07M | 10,871.15M | 4,419.08M | -1,976.29M | 418.83M | 4,879.54M | 7,810.04M | 5,711.73M | 5,656.66M | 1,932.24M | 2,110.78M | 732.99M | 118.23M | 2,466.54M | 1,067.03M | 3,522.49M |