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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

PTT Public Company Limited

Ticker: PTT-R.BK | Industry: Oil & Gas Integrated | Sector: Energy
$34.00 +0.50 (1.49%)
As of: 2026-01-27

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Stock Price 31.75 33.00 33.50 34.94 39.31 35.75 46.94 51.05 40.13 32.60 29.15 32.53 31.20 33.58 31.68 28.13 22.36
Market Capitalization 902,667.26M 943,173.64M 956,860.37M 997,919.68M 1,122,882.79M 1,021,127.12M 1,340,675.64M 1,458,140.96M 1,146,090.22M 931,153.68M 832,611.22M 929,011.45M 891,165.48M 959,002.60M 903,556.47M 798,894.23M 632,339.16M
(-) Cash & Equivalents 377,594.59M 415,797.07M 403,835.51M 352,341.22M 323,852.75M 280,598.75M 215,902.40M 258,919.66M 190,029.51M 212,109.18M 201,733.13M 198,302.55M 146,563.19M 114,547.80M 103,995.31M 114,875.40M 26,013.98M
(+) Total Debt 1,048,936.51M 1,145,012.20M 1,186,110.21M 1,180,257.64M 902,547.44M 771,654.96M 519,585.64M 525,823.26M 570,459.13M 628,766.31M 686,473.76M 478,272.71M 467,840.37M 454,864.34M 412,782.76M 372,778.07M 90,461.95M
Enterprise Value 1,574,009.18M 1,672,388.76M 1,739,135.08M 1,825,836.10M 1,701,577.48M 1,512,183.33M 1,644,358.87M 1,725,044.56M 1,526,519.85M 1,347,810.81M 1,317,351.86M 1,208,981.62M 1,212,442.67M 1,299,319.14M 1,212,343.93M 1,056,796.90M 696,787.13M

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
Revenue 2,748,039M 3,173,170M 3,090,453M 3,144,551M 3,367,203M 2,258,818M 1,615,665M 2,219,739M 2,336,155M 1,995,722M 1,718,846M 2,026,912M 2,834,732M 2,842,688M 2,793,833M 2,428,165M 1,900,005M 1,586,174M 2,000,816M 1,495,806M 1,213,985M 929,716M 644,673M 489,713M
Cost of Revenue 2,458,396M 2,841,775M 2,755,320M 2,767,102M 2,906,726M 1,882,252M 1,446,649M 1,967,529M 2,023,002M 1,688,461M 1,463,043M 1,803,585M 2,607,491M 2,618,298M 2,561,317M 2,208,896M 1,729,238M 1,438,464M 1,829,821M 1,350,779M 1,072,216M 813,845M 565,827M 425,666M
Gross Profit 289,643M 331,395M 335,133M 377,449M 460,477M 376,566M 169,016M 252,210M 313,153M 307,261M 255,804M 223,327M 227,242M 224,390M 232,516M 219,269M 170,767M 147,711M 170,995M 145,027M 141,770M 115,871M 78,846M 64,047M
Gross Profit Margin 10.5% 10.4% 10.8% 12.0% 13.7% 16.7% 10.5% 11.4% 13.4% 15.4% 14.9% 11.0% 8.0% 7.9% 8.3% 9.0% 9.0% 9.3% 8.5% 9.7% 11.7% 12.5% 12.2% 13.1%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 130,172M 146,170M 143,182M 132,293M 144,227M 110,290M 95,991M 92,576M 81,837M 100,599M 66,550M 72,776M 95,498M 49,874M 49,049M 45,006M 36,169M 35,469M 37,814M 33,297M 28,828M 22,586M 18,618M 13,833M
Operating Expenses 96,848M 56,798M 100,967M 98,485M 171,732M 110,290M 79,541M 110,458M 98,272M 114,476M 82,716M 94,331M 133,648M 82,396M 92,505M 67,577M 47,786M 56,911M 47,483M 28,529M 20,854M 23,799M 19,019M 16,145M
Operating Income (EBIT) 192,795M 274,597M 234,166M 278,964M 288,745M 266,276M 89,475M 141,751M 214,881M 192,784M 173,088M 128,996M 93,593M 141,994M 140,010M 151,692M 122,981M 90,800M 123,512M 116,498M 120,916M 92,072M 59,828M 47,903M
Operating Income Margin 7.0% 8.7% 7.6% 8.9% 8.6% 11.8% 5.5% 6.4% 9.2% 9.7% 10.1% 6.4% 3.3% 5.0% 5.0% 6.2% 6.5% 5.7% 6.2% 7.8% 10.0% 9.9% 9.3% 9.8%
Interest Income 15,992M 17,576M 18,172M 12,219M 3,921M 2,522M 3,933M 7,837M 9,436M 8,630M 5,625M 6,293M 5,606M 2,740M 2,888M 3,478M 2,679M 1,920M 3,084M 3,672M 3,198M 1,498M 0M 0M
Interest Expense 42,430M 47,057M 46,821M 45,383M 37,091M 28,163M 28,536M 27,971M 27,628M 29,086M 28,887M 30,079M 33,033M 20,593M 18,552M 17,406M 15,178M 13,539M 10,528M 10,459M 11,006M 8,812M 8,465M 8,070M
Net Interest Income -26,438M -29,481M -28,649M -33,164M -33,170M -25,641M -24,603M -20,134M -18,192M -20,456M -23,262M -23,786M -27,427M -17,853M -15,665M -13,929M -12,499M -11,618M -7,444M -6,787M -7,808M -7,314M -8,465M -8,070M
Unusual Items -6,193M -27,088M -24,840M -9,206M -43,014M -20,977M 245M 33,464M 22,368M 40,599M 5,470M -49,635M 37,360M 38,677M 47,787M 30,693M 28,556M 22,823M -6,185M 45,265M 37,009M 38,321M 35,922M 16,973M
EBT Excluding Unusual Items 166,357M 245,116M 205,517M 245,800M 255,576M 240,635M 64,872M 121,617M 196,689M 172,329M 149,826M 105,209M 66,166M 124,141M 124,346M 137,764M 110,482M 79,182M 116,068M 109,711M 113,108M 84,759M 51,363M 39,833M
Pre-Tax Income 160,163M 218,028M 180,678M 236,593M 212,562M 219,658M 65,116M 155,080M 219,057M 212,928M 155,296M 55,574M 103,526M 162,817M 172,132M 168,457M 139,037M 102,005M 109,883M 154,976M 150,117M 123,080M 87,284M 56,806M
Pre-Tax Margin 5.8% 6.9% 5.8% 7.5% 6.3% 9.7% 4.0% 7.0% 9.4% 10.7% 9.0% 2.7% 3.7% 5.7% 6.2% 6.9% 7.3% 6.4% 5.5% 10.4% 12.4% 13.2% 13.5% 11.6%
Income Tax Expense 61,807M 70,353M 67,210M 81,313M 90,462M 67,591M 25,166M 32,989M 53,647M 28,307M 26,593M 24,855M 41,029M 47,692M 46,516M 43,231M 39,107M 33,315M 43,348M 41,419M 35,883M 25,566M 18,677M 14,414M
Net Income 73,943M 113,526M 90,072M 112,024M 122,100M 108,363M 37,766M 92,951M 119,684M 135,180M 94,609M 19,936M 55,795M 94,652M 104,666M 105,296M 83,088M 59,548M 51,705M 97,804M 95,261M 85,521M 62,666M 37,580M
Net Income Margin 2.7% 3.6% 2.9% 3.6% 3.6% 4.8% 2.3% 4.2% 5.1% 6.8% 5.5% 1.0% 2.0% 3.3% 3.7% 4.3% 4.4% 3.8% 2.6% 6.5% 7.8% 9.2% 9.7% 7.7%
Depreciation & Amortization 181,164M 184,515M 185,918M 173,065M 167,330M 142,824M 139,880M 133,204M 123,593M 116,289M 128,734M 148,886M 117,007M 78,542M 68,183M 59,970M 52,743M 48,870M 38,543M 30,502M 28,534M 17,901M 14,261M 13,317M
EBITDA 373,959M 459,112M 420,084M 452,029M 456,075M 409,100M 229,355M 274,955M 338,474M 309,073M 301,822M 277,881M 210,600M 220,535M 208,193M 211,663M 175,724M 139,670M 162,055M 147,000M 149,450M 109,973M 74,089M 61,220M
EBITDA Margin 13.6% 14.5% 13.6% 14.4% 13.5% 18.1% 14.2% 12.4% 14.5% 15.5% 17.6% 13.7% 7.4% 7.8% 7.5% 8.7% 9.2% 8.8% 8.1% 9.8% 12.3% 11.8% 11.5% 12.5%
NOPAT 118,396M 185,991M 147,059M 183,089M 165,861M 184,341M 54,894M 111,598M 162,257M 167,156M 143,448M 71,304M 56,501M 100,401M 102,174M 112,764M 88,390M 61,145M 74,788M 85,363M 92,013M 72,947M 47,026M 35,748M
NOPAT Margin 4.3% 5.9% 4.8% 5.8% 4.9% 8.2% 3.4% 5.0% 6.9% 8.4% 8.3% 3.5% 2.0% 3.5% 3.7% 4.6% 4.7% 3.9% 3.7% 5.7% 7.6% 7.8% 7.3% 7.3%
Owner's Earnings 85,135M 106,239M 105,660M 107,531M 116,184M 108,562M 27,306M 75,257M 131,668M 137,203M 113,942M 7,261M 45,853M 61,267M 56,070M 53,001M 27,530M -23,720M 3,040M 35,957M 34,604M 16,680M 36,672M 30,843M
Owner's Earnings Margin 3.1% 3.3% 3.4% 3.4% 3.5% 4.8% 1.7% 3.4% 5.6% 6.9% 6.6% 0.4% 1.6% 2.2% 2.0% 2.2% 1.4% -1.5% 0.2% 2.4% 2.9% 1.8% 5.7% 6.3%
EPS (Basic) 2.59 3.97 3.15 3.92 4.27 3.79 1.32 3.20 4.19 4.67 3.27 0.67 2.03 3.25 3.66 3.72 2.96 2.11 1.83 3.48 3.41 3.06 2.24 1.34
EPS (Diluted) 2.60 3.97 3.15 3.92 4.27 3.79 1.32 3.25 4.19 4.73 3.31 0.70 1.95 3.31 3.66 3.69 2.92 2.10 1.83 3.46 3.40 3.05 2.24 1.34
Shares (Basic) 28,482M 28,563M 28,638M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,530M 28,392M 28,269M 28,203M 28,087M 27,998M 27,976M 27,976M 27,982M
Shares (Diluted) 28,482M 28,563M 28,638M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,563M 28,540M 28,472M 28,289M 28,290M 28,283M 27,998M 28,012M 27,989M 27,982M

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
Cash & Cash Equivalents 357,187.73M 364,342.52M 405,139.00M 417,133.81M 340,054.26M 312,730.00M 332,032.00M 291,967.27M 291,096.33M 154,071.98M 215,207.17M 239,742.46M 203,785.43M 157,683.49M 136,917.58M 116,132.05M 135,631.98M 104,055.91M 90,818.70M 74,958.29M 86,806.25M 73,440.82M 46,791.84M 56,452.01M
Short-Term Investments 62,015.80M 53,941.40M 46,720.54M 32,391.69M 14,523.95M 50,941.03M 86,105.11M 38,263.31M 142,420.74M 241,481.88M 176,813.63M 106,747.41M 20,976.03M 2,686.76M 6,405.30M 10,961.67M 21,783.59M 8,802.92M 1,218.02M 6,231.25M 1,412.95M 714.86M 56,359.70M 6,343.94M
Cash & Short-Term Investments 419,203.53M 418,283.92M 451,859.54M 449,525.49M 354,578.21M 363,671.03M 418,137.11M 330,230.58M 433,517.07M 395,553.86M 392,020.80M 346,489.87M 224,761.46M 160,370.25M 143,322.88M 127,093.72M 157,415.57M 112,858.83M 92,036.73M 81,189.54M 88,219.21M 74,155.68M 103,151.53M 62,795.95M
Net Receivables 269,745.63M 285,790.96M 305,940.00M 323,516.48M 350,427.00M 251,052.11M 157,436.88M 202,796.00M 238,559.86M 210,135.13M 171,609.84M 177,491.56M 216,649.59M 308,435.73M 274,535.76M 208,977.00M 159,437.42M 149,323.09M 118,973.68M 196,376.00M 117,370.09M 94,503.99M 57,415.03M 44,052.10M
Inventory 227,429.15M 224,078.24M 241,539.00M 263,498.63M 271,855.00M 210,410.00M 129,779.00M 152,126.10M 154,151.47M 150,814.25M 147,909.81M 115,729.09M 44,697.75M 44,172.41M 42,254.08M 39,201.87M 43,109.69M 24,522.93M 23,691.39M 19,896.68M 22,670.00M 29,034.17M 13,807.51M 5,611.22M
Other Current Assets 18,268.31M 21,132.65M 18,393.21M 28,381.58M 52,860.42M 85,134.74M 63,702.83M 59,845.13M 93,602.14M 60,599.59M 58,102.77M 21,024.21M 62,916.57M 7,537.68M 7,650.01M 5,876.13M 9,366.67M 7,909.82M 28,576.45M 18,468.61M 25,170.37M 29,506.59M 21,207.60M 12,606.51M
Total Current Assets 934,646.62M 949,285.77M 1,017,731.75M 1,064,922.18M 1,029,720.63M 910,267.89M 769,055.82M 744,997.81M 919,830.54M 817,102.83M 769,643.22M 660,734.73M 549,025.37M 520,516.07M 467,762.73M 381,148.72M 369,329.35M 294,614.68M 263,278.25M 315,930.83M 253,429.66M 227,200.43M 195,581.68M 125,065.78M
Property, Plant & Equipment 1,727,340.63M 1,711,856.89M 1,741,519.00M 1,751,639.21M 1,729,544.00M 1,609,429.00M 1,450,493.00M 1,375,247.42M 1,222,337.31M 1,185,665.62M 1,244,152.63M 1,268,264.81M 898,364.41M 879,958.07M 785,692.91M 601,341.41M 526,796.09M 474,586.64M 375,754.77M 316,227.43M 337,131.88M 305,586.90M 190,187.20M 122,249.89M
Goodwill 181,425.85M 181,831.16M 178,907.44M 183,730.77M 188,963.84M 182,651.76M 106,994.15M 111,933.14M 48,924.92M 46,688.26M 50,778.17M 51,408.13M 55,301.56M 51,851.23M 46,501.14M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 124,383.92M 126,422.18M 124,538.00M 130,311.57M 137,051.00M 144,866.00M 68,473.00M 79,967.67M 34,200.40M 32,107.68M 33,500.34M 33,501.66M 20,595.77M 20,807.78M 19,548.60M 208,977.00M 159,437.42M 149,323.09M 118,973.68M 196,376.00M 117,370.09M 11,320.08M 3,410.75M 4,724.48M
Long-Term Investments 235,902.92M 229,527.54M 240,723.98M 233,687.14M 230,532.58M 186,421.91M 106,685.37M 99,802.17M 103,532.06M 105,187.83M 82,318.81M 77,342.19M 251,413.26M 260,877.82M 250,022.86M 241,162.91M 222,295.30M 204,577.49M 187,071.37M 193,122.06M 103,362.29M 88,413.09M 79,393.06M 61,284.15M
Tax Assets 52,109.99M 53,045.40M 46,823.43M 42,477.56M 50,759.60M 63,529.29M 54,694.33M 47,611.10M 28,498.93M 15,101.22M 10,581.20M 10,436.14M 10,044.18M 14,380.54M 14,501.16M 19,318.40M 15,234.49M 10,063.54M 1,550.91M 1,068.99M 1,251.77M 1,898.46M 1,655.65M 1,639.37M
Other Non-Current Assets 67,914.21M 60,050.12M 76,536.67M 36,876.68M 37,918.44M 37,714.98M 35,912.59M 52,778.47M 61,026.89M 65,393.19M 69,509.31M 53,341.05M 51,497.29M 50,702.48M 42,907.98M 44,556.25M 51,332.00M 48,141.89M 45,043.16M 33,475.83M 33,680.94M 20,574.13M 16,997.90M 9,367.11M
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
Total Non-Current Assets 2,389,077.53M 2,362,733.28M 2,409,048.53M 2,378,722.94M 2,374,769.46M 2,224,612.95M 1,823,252.44M 1,767,339.97M 1,498,520.52M 1,450,143.79M 1,490,840.46M 1,494,293.98M 1,287,216.48M 1,278,577.92M 1,159,174.65M 1,115,355.97M 975,095.29M 886,692.64M 728,393.89M 740,270.32M 592,796.97M 427,792.65M 291,644.56M 199,265.00M
Total Assets 3,323,724.15M 3,312,019.06M 3,426,780.28M 3,443,645.12M 3,404,490.09M 3,134,880.84M 2,592,308.26M 2,512,337.78M 2,418,351.06M 2,267,246.62M 2,260,483.69M 2,155,028.72M 1,836,241.85M 1,799,093.98M 1,626,937.38M 1,496,504.69M 1,344,424.64M 1,181,307.32M 991,672.14M 1,056,201.14M 846,226.63M 654,993.09M 487,226.23M 324,330.78M
Accounts Payable 209,570.74M 198,802.10M 240,193.42M 243,384.55M 230,366.16M 213,944.28M 108,188.91M 160,669.13M 160,323.07M 160,301.29M 150,238.14M 149,107.65M 181,050.67M 200,646.57M 254,801.82M 195,843.43M 137,222.31M 79,954.26M 83,906.53M 116,525.55M 55,620.49M 49,488.02M 36,574.52M 31,299.20M
Short-Term Debt 213,548.68M 171,108.14M 188,202.00M 200,410.52M 164,778.12M 99,392.07M 78,000.86M 94,880.46M 87,850.91M 83,623.13M 93,653.37M 80,164.18M 136,250.18M 59,971.20M 57,842.72M 70,496.15M 44,881.39M 39,839.50M 20,602.26M 14,847.40M 23,137.97M 25,065.45M 73,317.83M 17,946.25M
Tax Payables 16,911.31M 21,871.52M 31,784.96M 26,264.23M 36,941.38M 38,117.50M 22,170.93M 33,899.58M 51,433.74M 27,787.56M 23,943.68M 24,704.02M 34,674.51M 37,958.64M 34,402.77M 26,355.84M 27,223.85M 26,438.06M 26,478.17M 26,849.60M 21,161.42M 20,935.27M 12,314.16M 8,217.19M
Deferred Revenue 0.00M 0.00M 8,218.00M 7,973.00M 7,240.00M 8,172.00M 5,315.00M 118,301.06M 152,375.97M 101,387.09M 73,485.30M 72,538.84M 74,380.66M 72,202.32M 67,543.61M 96,123.46M 107,399.99M 98,525.36M 71,829.77M 102,771.39M 76,094.52M 42,372.28M 22,632.01M 15,069.24M
Other Current Liabilities 19,355.38M 31,408.13M 20,840.60M 17,481.43M 55,941.76M 27,603.80M 15,328.61M 116,653.29M 151,359.51M -94,877.39M 89,859.90M 7,253.36M 19,952.85M 66,810.93M 6,124.10M -11,432.55M 9,516.61M 5,084.79M 3,514.30M 11,693.90M 12,513.98M 12,016.28M 6,384.75M 5,028.47M
Total Current Liabilities 459,386.11M 423,189.90M 489,238.98M 495,513.72M 495,267.42M 387,229.65M 229,004.32M 524,403.52M 603,343.20M 278,221.66M 431,180.40M 333,768.05M 446,308.86M 437,589.65M 420,715.02M 377,386.33M 326,244.16M 249,841.96M 206,331.03M 272,687.85M 188,528.37M 149,877.29M 151,223.27M 77,560.36M
Long-Term Debt 695,112.16M 770,304.52M 814,719.00M 863,303.14M 924,943.37M 786,223.59M 664,732.00M 555,018.26M 450,341.42M 440,104.33M 513,366.19M 571,632.01M 585,236.64M 422,328.05M 400,384.20M 337,321.93M 341,959.47M 310,258.10M 228,020.73M 211,908.43M 197,764.73M 197,763.25M 140,904.31M 107,460.87M
Capital Lease Obligations 103,997.55M 103,155.98M 103,275.07M 97,728.78M 103,871.56M 64,209.82M 52,769.92M 9,069.94M 5,442.39M 5,752.76M 6,830.03M 7,512.68M 3,762.14M 543.98M 674.30M 705.86M 726.83M 11,750.19M 523.24M 638.22M 783.55M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 75,176.39M 73,909.03M 76,418.92M 82,694.58M 90,971.52M 95,944.77M 57,904.38M 56,673.55M 32,868.29M 35,795.72M 44,020.39M 50,781.76M 57,321.88M 66,891.14M 60,020.89M 43,174.14M 30,408.57M 29,272.14M 19,924.96M 14,738.00M 13,839.22M 12,685.24M 10,257.02M 9,173.59M
Other Non-Current Liabilities 234,553.78M 227,463.34M 205,146.42M 186,496.08M 153,333.08M 265,102.30M 178,049.37M 240,867.99M 135,666.76M 184,442.05M 201,874.96M 192,708.38M -24,307.30M 146,873.56M 52,565.33M 35,612.37M 45,022.91M 8,957.90M 26,347.44M 10,699.11M 17,376.65M 5,674.45M 7,008.14M 5,501.32M
Total Non-Current Liabilities 1,108,839.88M 1,174,832.86M 1,199,559.40M 1,230,222.58M 1,273,119.53M 1,211,480.47M 953,455.68M 861,629.73M 624,318.85M 666,094.86M 766,091.57M 822,634.83M 622,013.35M 636,636.73M 513,644.73M 416,814.31M 418,117.78M 360,238.34M 274,816.37M 237,983.76M 229,764.16M 216,122.95M 158,169.46M 122,135.79M
Total Liabilities 1,568,226.00M 1,598,022.76M 1,688,798.38M 1,725,736.30M 1,768,386.95M 1,598,710.12M 1,182,459.99M 1,386,033.26M 1,227,662.05M 944,316.53M 1,197,271.97M 1,156,402.89M 1,068,322.22M 1,074,226.38M 934,359.74M 794,200.64M 744,361.94M 610,080.30M 481,147.40M 510,671.61M 418,292.53M 366,000.23M 309,392.73M 199,696.14M
Preferred Stock 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
Common Stock 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,563.00M 28,490.42M 28,337.85M 28,240.57M 28,173.88M 28,049.26M 27,972.46M 27,972.46M 27,972.46M
Retained Earnings 1,030,340.06M 1,036,759.30M 1,035,610.42M 1,007,565.98M 961,317.65M 922,091.72M 869,260.27M 869,016.09M 838,208.85M 775,959.28M 694,362.56M 630,383.74M 644,733.58M 630,373.77M 571,580.30M 500,929.19M 425,441.19M 368,621.34M 326,069.10M 304,303.84M 234,296.56M 182,678.84M 116,038.96M 64,561.47M
Accumulated OCI 11,779.44M 10,516.99M 4,227.37M 55,857.77M 4,150.52M 4,129.97M 4,122.46M 4,100.90M 4,079.92M 4,057.24M 4,031.64M 4,002.35M 3,955.99M 3,913.91M 3,932.64M 3,892.11M 7,919.88M 7,720.33M 7,682.60M 7,637.33M 6,695.77M 30.27M 280.66M -171.14M
Minority Interest 534,942.18M 505,397.40M 507,224.91M 503,777.52M 481,101.89M 466,243.50M 403,804.69M 422,435.51M 443,410.52M 429,883.99M 408,649.36M 390,540.35M 169,763.71M 140,531.55M 125,880.18M 88,028.36M 80,387.52M 68,910.65M 46,956.95M 37,154.76M 66,490.18M 47,616.13M 20,540.78M 16,619.27M
Total Shareholders’ Equity 1,070,682.50M 1,075,839.29M 1,068,400.79M 1,091,986.75M 994,031.16M 954,784.69M 901,945.72M 901,679.99M 870,851.77M 808,579.51M 726,957.20M 662,949.09M 677,252.57M 662,850.67M 604,075.93M 533,384.30M 461,851.49M 404,679.52M 361,992.27M 340,115.05M 269,041.58M 210,681.57M 144,292.07M 92,362.79M
Total Equity 1,605,624.68M 1,581,236.69M 1,575,625.70M 1,595,764.27M 1,475,133.05M 1,421,028.19M 1,305,750.41M 1,324,115.49M 1,314,262.29M 1,238,463.50M 1,135,606.56M 1,053,489.44M 847,016.28M 803,382.22M 729,956.12M 621,412.66M 542,239.01M 473,590.18M 408,949.22M 377,269.81M 335,531.77M 258,297.70M 164,832.85M 108,982.06M
Total Liabilities & Equity 3,173,850.68M 3,179,259.45M 3,264,424.08M 3,321,500.58M 3,243,520.00M 3,019,738.30M 2,488,210.40M 2,710,148.75M 2,541,924.34M 2,182,780.03M 2,332,878.52M 2,209,892.32M 1,915,338.49M 1,877,608.60M 1,664,315.86M 1,415,613.29M 1,286,600.95M 1,083,670.48M 890,096.61M 887,941.42M 753,824.29M 624,297.94M 474,225.58M 308,678.21M
Tangible Assets 3,017,914.38M 3,003,765.72M 3,123,334.83M 3,129,602.78M 3,078,475.25M 2,807,363.08M 2,416,841.10M 2,320,436.97M 2,335,225.74M 2,188,450.68M 2,176,205.18M 2,070,118.92M 1,760,344.52M 1,726,434.97M 1,560,887.64M 1,287,527.69M 1,184,987.22M 1,031,984.23M 872,698.46M 859,825.14M 728,856.55M 643,673.00M 483,815.48M 319,606.30M
Tangible Equity 1,299,814.91M 1,272,983.35M 1,272,180.26M 1,281,721.93M 1,149,118.21M 1,093,510.42M 1,130,283.26M 1,132,214.69M 1,231,136.97M 1,159,667.56M 1,051,328.05M 968,579.64M 771,118.95M 730,723.21M 663,906.38M 412,435.65M 382,801.59M 324,267.08M 289,975.53M 180,893.81M 218,161.68M 246,977.62M 161,422.10M 104,257.58M
Tangible Book Value 1,299,814.91M 1,272,983.35M 1,272,180.26M 1,281,721.93M 1,149,118.21M 1,093,510.42M 1,130,283.26M 1,132,214.69M 1,231,136.97M 1,159,667.56M 1,051,328.05M 968,579.64M 771,118.95M 730,723.21M 663,906.38M 412,435.65M 382,801.59M 324,267.08M 289,975.53M 180,893.81M 218,161.68M 246,977.62M 161,422.10M 104,257.58M
Total Investments 297,918.73M 283,468.93M 287,444.52M 266,957.30M 245,056.79M 237,362.94M 192,790.48M 138,065.48M 245,952.80M 346,669.71M 259,132.44M 184,089.60M 272,389.29M 263,564.58M 256,428.16M 252,124.57M 244,078.89M 213,380.41M 188,289.39M 199,353.31M 104,775.24M 89,127.95M 135,752.75M 67,628.10M
Net Debt 551,473.11M 577,070.13M 597,782.00M 646,579.86M 749,667.22M 572,885.66M 410,700.86M 357,931.45M 247,096.00M 369,655.48M 391,812.40M 412,053.73M 517,701.38M 324,615.76M 321,309.34M 291,686.03M 251,208.88M 246,041.69M 157,804.28M 151,797.54M 134,096.44M 149,387.88M 167,430.31M 68,955.12M

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
Working Capital 369,051.9M 442,402.7M 460,647.5M 493,029.0M 448,322.4M 359,751.6M 422,904.2M 337,313.4M 450,082.3M 427,773.7M 401,898.4M 364,317.1M 147,512.4M 116,735.9M 91,248.7M 45,641.3M 93,846.2M 71,932.7M 63,150.0M 71,046.2M 85,853.7M 74,002.7M 56,669.5M 55,722.6M
Total Capital 2,134,592.1M 2,177,379.0M 2,255,848.2M 2,282,640.3M 2,246,183.9M 1,956,521.1M 1,677,543.2M 1,537,572.8M 1,418,718.5M 1,348,152.0M 1,376,797.2M 1,356,455.9M 1,173,383.9M 1,165,489.9M 1,061,005.0M 963,843.4M 878,452.6M 791,027.7M 632,736.7M 588,890.8M 509,518.4M 453,973.6M 378,596.3M 237,729.4M
Capital Employed 2,758,129.5M 2,805,136.0M 2,869,696.0M 2,871,752.1M 2,823,091.9M 2,584,364.6M 2,246,156.7M 2,104,653.4M 1,948,602.8M 1,877,917.5M 1,892,738.9M 1,858,611.1M 1,434,728.8M 1,395,313.8M 1,250,423.4M 1,066,896.2M 978,652.8M 880,907.7M 705,158.5M 647,466.8M 583,877.5M 501,795.3M 348,314.1M 254,987.6M
Invested Capital 1,777,404.4M 1,813,036.5M 1,850,709.2M 1,865,506.5M 1,906,129.7M 1,643,791.1M 1,345,511.2M 1,245,605.5M 1,127,622.2M 1,194,080.0M 1,161,590.1M 1,116,713.4M 969,598.4M 1,007,806.4M 924,087.4M 847,711.3M 742,820.6M 686,971.8M 541,918.0M 513,932.5M 422,712.2M 380,532.8M 331,804.5M 181,277.4M

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
Net Income 160,163.19M 121,851.34M 180,677.56M 112,023.88M 212,562.03M 219,658.19M 65,116.26M 92,950.60M 119,683.94M 135,179.60M 94,609.08M 19,936.42M 55,794.93M 94,652.27M 104,665.81M 105,296.41M 83,087.72M 59,547.59M 51,704.80M 97,803.59M 95,260.60M 85,521.29M 62,666.47M 37,579.58M
Depreciation & Amortization 181,164.14M 184,514.30M 185,918.00M 173,065.11M 167,329.60M 146,789.78M 139,879.64M 133,204.18M 123,556.27M 117,147.22M 129,757.01M 148,885.55M 117,007.02M 78,541.68M 68,182.81M 59,970.36M 52,742.89M 48,870.08M 38,542.79M 30,501.64M 28,534.02M 17,900.93M 14,261.27M 13,316.94M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 32,988.88M 53,646.55M 28,306.58M 26,593.07M 24,855.11M 41,028.52M 47,692.14M 46,516.38M 43,230.62M 39,107.09M 33,314.76M 43,347.57M 1,289.72M 1,860.96M 1,839.11M 1,088.65M 1,539.81M
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
Change in Working Capital 47,528.62M 8,190.21M 42,491.37M 46,246.70M -178,970.23M -40,266.64M 19,155.94M 26,662.92M -44,043.26M -13,234.64M -13,147.23M 27,003.48M 11,545.30M -25,591.91M -25,133.98M -289.04M 21,984.91M -9,266.39M -2,825.48M 9,106.29M -5,169.99M 5,821.71M 851.60M 9,280.24M
Accounts Receivable 27,300.64M 43,714.10M 27,745.36M 24,824.35M -20,361.02M -75,984.99M 56,322.04M 19,001.93M 2,430.38M -31,208.99M -1,634.01M 34,553.07M 96,390.23M -33,261.65M -72,516.54M -30,159.72M -14,917.89M -11,370.00M 45,603.23M -47,618.79M -24,607.89M -2,948.90M -2,382.93M 6,253.82M
Inventory 35,793.95M 38,366.03M 24,922.09M 13,413.64M -63,378.49M -64,612.36M 22,119.18M 11,353.36M -5,842.35M -3,462.96M -30,630.05M 39,644.12M -1,856.69M 254.83M -4,284.25M 3,127.11M -18,915.28M -967.47M -4,457.20M -2,378.82M -2,769.65M -12,005.63M -694.47M -1,769.50M
Accounts Payable -7,570.27M -52,071.51M -5,710.44M 13,778.49M 15,370.77M 93,815.41M -52,544.87M -7,439.62M -2,080.70M 10,340.44M 11,077.08M -31,942.85M -84,870.55M 4,169.80M 56,004.77M 19,017.73M 2,758.27M 17,089.35M -29,295.18M 21,463.85M 27,582.30M 803.63M -3,026.02M 5,176.05M
Other Working Capital -7,995.70M -21,818.41M -4,465.64M -5,769.78M -110,601.49M 6,515.30M -6,740.40M 3,747.24M -38,550.59M 11,096.88M 8,039.75M -15,250.85M 1,882.30M 3,245.11M -4,337.95M 7,725.84M 53,059.81M -14,018.27M -14,676.33M 37,640.04M -5,374.75M 19,972.61M 6,955.02M -380.14M
Other Non-Cash Items -62,158.54M 129,775.95M -35,847.02M 50,709.47M -9,221.70M -3,756.63M -5,560.09M 49,248.47M 62,656.51M 70,381.59M 58,411.58M 40,746.77M 24,387.47M 36,468.48M 36,532.39M 33,831.33M 93,488.83M 64,690.79M 73,770.46M 114,020.51M 113,919.03M -21,231.71M -21,105.11M -8,902.14M
Net Cash from Operating Activities 326,697.41M 325,513.73M 373,239.91M 382,045.16M 191,699.70M 322,424.69M 218,591.75M 265,107.38M 267,800.99M 306,100.34M 270,435.23M 293,284.61M 235,367.50M 165,326.85M 177,401.49M 177,550.08M 152,783.30M 95,649.48M 126,060.36M 110,143.16M 104,470.80M 89,851.34M 57,835.31M 52,896.44M
Capital Expenditures (PPE) -160,846.46M -189,622.48M -164,723.07M -169,248.58M -173,245.41M -142,624.82M -150,338.99M -150,897.96M -111,608.77M -114,265.48M -109,401.32M -161,561.34M -126,949.08M -111,926.49M -116,778.91M -112,266.03M -108,300.31M -132,137.37M -87,207.95M -92,347.93M -89,190.20M -86,742.34M -40,255.63M -20,053.04M
Acquisitions (Net) -16,209.42M 22,392.28M 1,841.06M 8,322.09M -48,970.56M -256,359.60M -3,002.46M -168,745.31M -37,953.63M -1,682.55M 340.98M 30,892.62M -14,236.37M -11,050.85M -86,491.50M -77,033.16M -12,983.31M -10,333.35M -7,030.84M -27,426.39M -11,052.03M -30,607.49M -9,295.00M -2,403.87M
Purchases of Investments -29,271.26M -11,647.66M -27,582.29M -18,164.99M -15,203.12M -12,274.17M -61,831.24M -3,096.97M -5,767.45M -85,687.57M -75,663.38M -24,202.43M -18,289.27M -204.51M -266.11M 11,484.03M -14,169.91M -7,512.93M -6,081.52M -5,319.20M 6,134.41M -917.03M -578.85M -234.64M
Sales / Maturities of Investments 27,819.56M 14,742.09M 9,299.98M 3,915.88M 40,299.50M 38,805.16M 15,915.62M 119,440.57M 99,506.18M 11,302.91M 7,893.04M 11,650.23M 2,699.38M 10,567.47M 4,662.42M 12,773.66M 8,985.57M 1,826.24M 5,085.16M 16,169.30M 13,756.24M 8,909.86M 6,432.11M 1,389.30M
Other Investing Activities 30,665.42M -18,613.35M -7,598.93M 13,930.85M 10,429.25M -12,854.81M 10,673.46M 15,081.46M 21,675.70M 9,807.62M -2,083.71M 10,177.95M 12,714.27M 17,250.72M 18,298.03M 4,587.37M 2,657.87M 5,260.78M 20,486.93M 8,353.49M 3,014.00M 56,621.37M -54,258.17M -5,735.63M
Net Cash from Investing Activities -147,842.15M -182,749.12M -188,763.25M -161,244.76M -186,690.34M -385,308.23M -188,583.61M -188,218.21M -34,147.97M -180,525.07M -178,914.39M -133,042.98M -144,061.07M -95,363.66M -180,576.07M -160,454.13M -123,810.10M -142,896.63M -74,748.22M -100,570.73M -77,337.58M -52,735.62M -97,955.53M -27,037.89M
Net Debt Issuance -56,169.26M -64,588.32M -57,494.10M -36,631.09M 166,150.72M 99,407.56M 86,836.26M 41,022.59M 5,856.64M -64,916.73M -48,342.76M -92,803.59M 10,413.29M 10,106.70M 57,588.28M 12,225.74M 60,102.01M 96,494.57M 17,007.00M 48,992.72M 42,672.79M -34,914.00M -15,189.96M -10,601.64M
Long-Term Debt Issuance -95,292.63M -85,420.13M -65,813.90M -48,888.44M 88,664.84M 93,759.73M 128,328.91M 41,022.59M 5,856.64M -52,516.37M -48,342.76M -87,467.30M 28,306.54M 15,708.69M 56,529.50M 13,197.65M 48,846.66M 100,026.95M 21,486.06M 46,257.80M 42,628.94M 11,755.64M -14,667.98M -10,479.92M
Short-Term Debt Issuance 39,123.37M 20,831.80M 8,319.80M 12,257.34M 77,485.88M 5,647.83M -41,492.65M 19,208.63M 4,967.94M -12,400.37M 4,051.85M -5,336.29M 14,441.41M -5,601.99M 1,058.79M -971.92M 11,255.36M -3,532.39M -2,228.77M 2,734.92M 43.86M 348.00M -521.97M -19.41M
Net Stock Issuance -7,514.55M 159.30M 171.65M 246.29M 9,033.73M 55,153.96M 267.65M -1,187.60M 92.81M 6,844.53M 134.34M 0.00M 0.00M 280.00M 32,694.12M 1,886.43M 3,626.49M 3,090.12M 1,817.15M 3,793.50M 11,317.00M 955.94M 293.79M 44.18M
Common Stock Issuance 37.52M 159.30M 171.65M 246.29M 9,033.73M 55,153.96M 267.65M 18,346.17M 92.81M 6,844.53M 134.34M 10,208.36M 0.00M 280.00M 32,694.12M 1,886.43M 3,626.49M 3,090.12M 1,817.15M 3,793.50M 2,653.04M 955.94M 293.79M 44.18M
Common Stock Repurchased -7,552.07M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1,187.60M 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 -18,346.17M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 8,663.96M 0.00M 0.00M 0.00M
Net Dividends Paid -58,113.74M -104,801.81M -82,233.84M -62,368.31M -85,922.87M -78,469.13M -51,624.22M -81,350.82M -85,035.35M -73,833.85M -44,589.91M -43,811.00M -48,837.49M -46,367.65M -42,305.71M -41,103.23M -32,132.31M -23,246.89M -40,755.52M -36,516.70M -48,683.54M -22,304.22M -12,911.65M -9,589.71M
Common Dividends Paid -58,113.74M -104,801.81M -82,233.84M -62,368.31M -85,922.87M -78,469.13M -51,624.22M -81,350.82M -85,035.35M -73,833.85M -44,589.91M -43,811.00M -68,674.51M -46,367.65M -42,308.44M -41,101.87M -31,754.75M -23,246.89M -40,756.00M -36,517.00M -48,683.00M -22,304.00M -12,912.00M -9,589.71M
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 0.48M 0.30M -0.54M -0.22M 0.35M 0.00M
Other Financing Activities -39,792.56M -24,727.35M -46,854.35M -43,406.11M -38,593.12M -29,902.37M -27,420.01M -28,709.82M -32,381.66M -30,591.83M -23,405.08M -27,198.74M 10,945.79M 0.00M -20,248.78M -18,433.39M -27,072.42M -95.46M -13,530.58M -24,997.74M -18,492.47M 27,862.72M 49,123.52M 17,500.51M
Net Cash from Financing Activities -161,590.10M -193,958.18M -186,410.63M -142,159.22M 50,668.47M 46,190.02M 8,059.68M -70,225.67M -111,467.55M -162,497.89M -116,203.41M -163,813.33M -47,315.43M -55,790.36M 27,710.70M -45,423.09M 3,761.32M 60,402.63M -35,461.96M 4,383.30M -13,186.22M -28,399.55M 21,315.70M -2,646.66M
Effect of FX on Cash -15,738.23M -6,883.03M -10,061.11M -1,260.67M -19,589.81M -2,277.58M 1,537.85M -6,305.37M 3,809.84M -12,454.77M 271.03M 9,110.17M 2,338.43M 6,586.60M -3,750.66M 8,658.15M -1,158.45M 81.72M 10.23M 75.25M -581.57M -15.61M -153.62M -264.97M
Net Change in Cash 1,526.94M -46,253.86M -11,995.08M 77,079.55M 27,324.14M -19,301.95M 39,489.61M 358.14M 125,995.30M -49,377.39M -24,411.54M 5,765.96M 46,101.94M 20,759.43M 20,785.46M -19,668.99M 31,576.07M 13,237.21M 15,860.41M -11,847.96M 13,365.44M 22,203.55M -9,660.17M 22,833.01M
Cash at Beginning of Period 1,536,395.56M 1,721,436.97M 417,133.81M 340,054.26M 312,730.12M 332,032.07M 292,542.46M 292,184.32M 166,189.02M 215,566.41M 239,977.95M 234,211.99M 157,683.49M 136,924.06M 116,132.12M 135,801.05M 104,055.91M 90,818.70M 74,958.29M 86,806.25M 73,440.82M 51,237.27M 56,452.01M 33,619.00M
Cash at End of Period 1,537,922.50M 1,675,183.11M 405,138.73M 417,133.81M 340,054.26M 312,730.12M 332,032.07M 292,542.46M 292,184.32M 166,189.02M 215,566.41M 239,977.95M 203,785.43M 157,683.49M 136,917.58M 116,132.05M 135,631.98M 104,055.91M 90,818.70M 74,958.29M 86,806.25M 73,440.82M 46,791.84M 56,452.01M
Operating Cash Flow 326,697.41M 325,513.73M 373,239.91M 382,045.16M 191,699.70M 322,424.69M 218,591.75M 265,107.38M 267,800.99M 306,100.34M 270,435.23M 293,284.61M 235,367.50M 165,326.85M 177,401.49M 177,550.08M 152,783.30M 95,649.48M 126,060.36M 110,143.16M 104,470.80M 89,851.34M 57,835.31M 52,896.44M
Capital Expenditure -169,972.53M -191,801.26M -170,330.37M -177,558.39M -173,245.41M -142,624.82M -150,338.99M -150,897.96M -111,608.77M -114,265.48M -109,401.32M -161,561.34M -126,949.08M -111,926.49M -116,778.91M -112,266.03M -108,300.31M -132,137.37M -87,207.95M -92,347.93M -89,190.20M -86,742.34M -40,255.63M -20,053.04M
Free Cash Flow 156,724.88M 133,712.46M 202,909.54M 204,486.77M 18,454.28M 179,799.88M 68,252.76M 114,209.42M 156,192.22M 191,834.87M 161,033.91M 131,723.27M 108,418.42M 53,400.35M 60,622.58M 65,284.04M 44,482.99M -36,487.89M 38,852.40M 17,795.23M 15,280.60M 3,109.00M 17,579.69M 32,843.39M

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
EBITDA 340,635.23M 369,739.31M 377,869.72M 418,220.55M 483,579.90M 409,099.70M 212,904.77M 292,837.64M 354,908.98M 322,950.82M 317,987.19M 299,436.60M 248,750.65M 253,058.05M 251,649.97M 234,233.01M 187,340.88M 161,111.78M 171,723.81M 142,232.44M 141,475.36M 111,186.29M 74,489.92M 63,531.43M
(-) Tax Adjustment 119,222.33M 119,306.58M 132,254.40M 143,735.38M 169,252.97M 125,883.23M 74,516.67M 62,292.73M 86,916.47M 42,932.98M 54,452.48M 104,802.81M 87,062.73M 74,125.27M 68,004.93M 60,110.66M 52,693.53M 52,619.14M 60,103.33M 38,013.18M 33,817.11M 23,095.20M 15,938.92M 16,120.56M
(-) Change In Working Capital 47,528.62M 8,190.21M 42,491.37M 46,246.70M -178,970.23M -40,266.64M 19,155.94M 26,662.92M -44,043.26M -13,234.64M -13,147.23M 27,003.48M 11,545.30M -25,591.91M -25,133.98M -289.04M 21,984.91M -9,266.39M -2,825.48M 9,106.29M -5,169.99M 5,821.71M 851.60M 9,280.24M
(-) Capital Expenditure -169,972.53M -191,801.26M -170,330.37M -177,558.39M -173,245.41M -142,624.82M -150,338.99M -150,897.96M -111,608.77M -114,265.48M -109,401.32M -161,561.34M -126,949.08M -111,926.49M -116,778.91M -112,266.03M -108,300.31M -132,137.37M -87,207.95M -92,347.93M -89,190.20M -86,742.34M -40,255.63M -20,053.04M
Unlevered Free Cash Flow 3,911.76M 50,441.26M 32,793.58M 50,680.07M 320,051.75M 180,858.30M -31,106.83M 52,984.03M 200,427.00M 178,987.00M 167,280.62M 6,068.97M 23,193.54M 92,598.19M 92,000.11M 62,145.36M 4,362.13M -14,378.35M 27,238.00M 2,765.04M 23,638.03M -4,472.96M 17,443.76M 18,077.59M
(-) Net Interest Income After Taxes -17,184.80M -19,967.84M -18,621.80M -21,766.37M -21,560.41M -17,751.26M -15,992.26M -15,851.44M -13,736.65M -17,736.31M -19,278.51M -15,461.21M -17,827.62M -12,623.58M -11,431.41M -10,354.11M -8,983.59M -7,823.84M -4,838.74M -4,973.03M -5,941.46M -5,794.50M -6,653.72M -6,022.34M
Net Debt Issuance -56,169.26M -64,588.32M -57,494.10M -36,631.09M 166,150.72M 99,407.56M 86,836.26M 41,022.59M 5,856.64M -64,916.73M -48,342.76M -92,803.59M 10,413.29M 10,106.70M 57,588.28M 12,225.74M 60,102.01M 96,494.57M 17,007.00M 48,992.72M 42,672.79M -34,914.00M -15,189.96M -10,601.64M
Levered Free Cash Flow -35,072.70M 5,820.78M -6,078.72M 35,815.35M 507,762.89M 298,017.12M 71,721.68M 109,858.06M 220,020.29M 131,806.57M 138,216.37M -71,273.41M 51,434.45M 115,328.47M 161,019.81M 84,725.20M 73,447.73M 89,940.06M 49,083.74M 56,730.79M 72,252.29M -33,592.46M 8,907.53M 13,498.28M