Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Periods / Units / Analysis

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Ticker

Industry

Sector

Page: Company Financials

Southern Company (The) Series 2

Ticker: SOJE | Industry: Regulated Electric | Sector: Utilities
$18.35 +0.09 (0.49%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Stock Price 94.77 91.83 92.85 80.15 68.67 70.81 63.31 55.41 57.93 44.52 48.72 51.46 44.42 45.52 43.21 44.93 41.79 35.48 31.69 36.31 36.64 34.04 34.20 30.79 29.80 27.68 23.69 16.86 15.08 17.34 13.92 14.24
Market Capitalization 104,436.54M 101,013.00M 102,198.18M 87,872.56M 74,967.52M 76,109.05M 67,168.21M 58,610.25M 60,623.79M 45,428.65M 48,739.71M 49,245.34M 40,391.04M 40,918.10M 37,938.68M 39,153.21M 35,813.44M 29,529.46M 25,186.87M 27,954.37M 27,712.17M 25,309.97M 25,452.79M 22,751.65M 21,645.94M 19,596.72M 16,331.17M 11,053.20M 10,376.99M 12,048.00M 9,487.93M 9,557.05M
(-) Cash & Equivalents 3,342.00M 1,264.00M 2,311.00M 988.25M 1,400.00M 1,828.00M 1,807.00M 2,121.75M 1,912.50M 1,876.75M 1,624.50M 1,823.75M 1,109.50M 824.25M 570.00M 896.75M 919.50M 577.76M 687.72M 416.46M 266.46M 287.20M 309.22M 292.17M 353.50M 384.20M 259.90M 574.67M 486.63M 745.43M 564.28M 439.33M
(+) Total Debt 66,205.00M 70,824.00M 69,049.67M 65,531.00M 62,185.25M 57,042.25M 54,301.25M 50,583.75M 47,149.00M 48,876.00M 49,995.50M 40,518.25M 27,329.75M 24,352.75M 23,326.50M 22,026.25M 20,890.00M 19,606.63M 19,761.89M 17,882.72M 16,301.80M 15,320.12M 14,721.26M 13,773.07M 11,561.05M 11,194.34M 10,403.00M 15,493.25M 13,441.88M 13,421.35M 12,534.30M 9,703.10M
Enterprise Value 167,299.54M 170,573.00M 168,936.85M 152,415.31M 135,752.77M 131,323.30M 119,662.46M 107,072.25M 105,860.29M 92,427.90M 97,110.71M 87,939.84M 66,611.29M 64,446.60M 60,695.18M 60,282.71M 55,783.94M 48,558.33M 44,261.04M 45,420.63M 43,747.52M 40,342.90M 39,864.83M 36,232.55M 32,853.49M 30,406.86M 26,474.27M 25,971.78M 23,332.24M 24,723.92M 21,457.95M 18,820.83M

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 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Revenue 28,912M 26,428M 26,724M 25,253M 29,279M 23,113M 20,375M 21,419M 23,495M 23,031M 19,896M 17,489M 18,467M 17,087M 16,537M 17,657M 17,456M 15,743M 17,127M 15,353M 14,356M 13,554M 11,729M 11,186M 10,514M 10,155M 10,066M 9,317M 9,499M 12,611M 10,358M 9,180M
Cost of Revenue 14,716M 13,259M 13,382M 13,545M 18,652M 12,866M 10,478M 11,816M 13,879M 13,116M 11,366M 9,811M 11,031M 9,817M 9,373M 10,808M 7,262M 6,426M 7,633M 6,371M 5,695M 5,226M 4,042M 5,831M 5,363M 5,194M 5,102M 4,575M 4,569M 7,244M 5,208M 4,243M
Gross Profit 14,196M 13,169M 13,342M 11,708M 10,627M 10,247M 9,897M 9,603M 9,616M 9,915M 8,530M 7,678M 7,436M 7,270M 7,164M 6,849M 10,194M 9,317M 9,494M 8,982M 8,661M 8,328M 7,687M 5,355M 5,151M 4,961M 4,964M 4,742M 4,930M 5,367M 5,150M 4,937M
Gross Profit Margin 49.1% 49.8% 49.9% 46.4% 36.3% 44.3% 48.6% 44.8% 40.9% 43.1% 42.9% 43.9% 40.3% 42.5% 43.3% 38.8% 58.4% 59.2% 55.4% 58.5% 60.3% 61.4% 65.5% 47.9% 49.0% 48.9% 49.3% 50.9% 51.9% 42.6% 49.7% 53.8%
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 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 202M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Operating Expenses 6,770M 5,952M 6,274M 5,882M 5,257M 6,549M 5,012M 1,867M 5,425M 7,582M 4,044M 3,396M 3,794M 4,015M 2,701M 2,618M 10,194M 9,317M 9,494M 8,982M 8,661M 8,328M 7,687M 5,355M 5,151M 4,961M 4,964M 4,742M 4,930M 5,367M 5,150M 4,937M
Operating Income (EBIT) 7,426M 7,217M 7,068M 5,826M 5,370M 3,698M 4,885M 7,736M 4,191M 2,333M 4,486M 4,282M 3,642M 3,255M 4,463M 4,231M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Operating Income Margin 25.7% 27.3% 26.4% 23.1% 18.3% 16.0% 24.0% 36.1% 17.8% 10.1% 22.5% 24.5% 19.7% 19.0% 27.0% 24.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Interest Income 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 19M 40M 21M 0M 23M 33M 45M 41M 36M 27M 36M 22M 27M 29M 30M 154M 152M 54M 38M
Interest Expense 3,036M 2,685M 2,743M 2,446M 2,022M 1,837M 1,821M 1,736M 1,842M 1,694M 1,317M 840M 835M 824M 859M 857M 895M 905M 866M 886M 866M 747M 640M 527M 492M 557M 643M 527M 558M 839M 664M 663M
Net Interest Income -3,036M -2,685M -2,743M -2,446M -2,022M -1,837M -1,821M -1,736M -1,842M -1,694M -1,317M -840M -835M -805M -819M -836M -895M -882M -833M -841M -825M -711M -613M -491M -470M -530M -614M -497M -404M -687M -610M -625M
Unusual Items 958M 952M 904M 965M 875M 715M 432M 542M 400M 429M 311M 187M 201M 109M 105M 92M 3,961M 3,486M 3,555M 3,410M 3,178M 2,897M 2,727M 2,577M 2,316M 2,207M 2,196M 2,011M 2,060M 2,498M 1,737M 1,728M
EBT Excluding Unusual Items 4,390M 4,532M 4,325M 3,380M 3,348M 1,861M 3,064M 6,000M 2,349M 639M 3,169M 3,442M 2,807M 2,450M 3,644M 3,395M -895M -882M -833M -841M -825M -711M -613M -491M -470M -530M -614M -497M -404M -687M -610M -625M
Pre-Tax Income 5,348M 5,484M 5,229M 4,345M 4,223M 2,576M 3,496M 6,542M 2,749M 1,068M 3,480M 3,629M 3,008M 2,559M 3,749M 3,487M 3,066M 2,604M 2,722M 2,569M 2,353M 2,186M 2,114M 2,086M 1,846M 1,677M 1,582M 1,514M 1,656M 1,811M 1,127M 1,103M
Pre-Tax Margin 18.5% 20.8% 19.6% 17.2% 14.4% 11.1% 17.2% 30.5% 11.7% 4.6% 17.5% 20.8% 16.3% 15.0% 22.7% 19.7% 17.6% 16.5% 15.9% 16.7% 16.4% 16.1% 18.0% 18.6% 17.6% 16.5% 15.7% 16.2% 17.4% 14.4% 10.9% 12.0%
Income Tax Expense 1,048M 894M 969M 496M 795M 267M 393M 1,798M 449M 142M 951M 1,194M 977M 849M 1,334M 1,219M 1,026M 896M 915M 835M 780M 595M 585M 612M 528M 558M 588M 599M 670M 839M 0M 805M
Net Income 4,459M 4,722M 4,401M 3,976M 3,535M 2,408M 3,134M 4,754M 2,242M 880M 2,493M 2,421M 2,031M 1,710M 2,415M 2,268M 2,040M 1,708M 1,807M 1,734M 1,573M 1,591M 1,532M 1,474M 1,318M 1,262M 1,313M 1,276M 977M 972M 1,127M 1,103M
Net Income Margin 15.4% 17.9% 16.5% 15.7% 12.1% 10.4% 15.4% 22.2% 9.5% 3.8% 12.5% 13.8% 11.0% 10.0% 14.6% 12.8% 11.7% 10.8% 10.6% 11.3% 11.0% 11.7% 13.1% 13.2% 12.5% 12.4% 13.0% 13.7% 10.3% 7.7% 10.9% 12.0%
Depreciation & Amortization 5,632M 5,203M 5,266M 4,986M 4,064M 3,973M 3,905M 3,331M 3,549M 3,457M 2,923M 2,395M 2,293M 2,298M 2,145M 2,048M 1,831M 1,788M 1,704M 1,486M 1,421M 1,398M 1,161M 1,221M 1,185M 1,358M 1,337M 1,216M 1,530M 1,592M 1,338M 1,134M
EBITDA 13,058M 12,420M 12,334M 10,812M 9,434M 7,671M 8,790M 11,067M 7,740M 5,790M 7,409M 6,677M 5,935M 5,553M 6,608M 6,279M 1,831M 1,788M 1,704M 1,486M 1,421M 1,398M 1,161M 1,221M 1,185M 1,358M 1,337M 1,216M 1,530M 1,592M 1,338M 1,134M
EBITDA Margin 45.2% 47.0% 46.2% 42.8% 32.2% 33.2% 43.1% 51.7% 32.9% 25.1% 37.2% 38.2% 32.1% 32.5% 40.0% 35.6% 10.5% 11.4% 9.9% 9.7% 9.9% 10.3% 9.9% 10.9% 11.3% 13.4% 13.3% 13.1% 16.1% 12.6% 12.9% 12.4%
NOPAT 5,971M 6,040M 5,758M 5,161M 4,359M 3,315M 4,336M 5,610M 3,506M 2,023M 3,260M 2,873M 2,459M 2,175M 2,875M 2,752M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
NOPAT Margin 20.7% 22.9% 21.5% 20.4% 14.9% 14.3% 21.3% 26.2% 14.9% 8.8% 16.4% 16.4% 13.3% 12.7% 17.4% 15.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Owner's Earnings -1,285M 903M 712M -133M -324M -859M -402M 530M -2,210M -3,086M -1,894M -2,577M -1,653M -1,455M -249M -209M -215M -1,174M -450M -325M 0M 619M 583M 693M -214M 3M 425M -68M 502M 705M 1,236M 836M
Owner's Earnings Margin -4.4% 3.4% 2.7% -0.5% -1.1% -3.7% -2.0% 2.5% -9.4% -13.4% -9.5% -14.7% -9.0% -8.5% -1.5% -1.2% -1.2% -7.5% -2.6% -2.1% 0.0% 4.6% 5.0% 6.2% -2.0% 0.0% 4.2% -0.7% 5.3% 5.6% 11.9% 9.1%
EPS (Basic) 4.05 4.31 4.02 3.64 3.28 2.26 2.95 4.50 2.15 0.84 2.47 2.60 2.18 1.85 2.71 2.57 2.37 2.07 2.26 2.29 2.12 2.14 2.07 2.03 1.86 1.83 2.01 1.86 1.40 1.42 1.68 1.66
EPS (Diluted) 4.02 4.29 3.99 3.62 3.27 2.27 2.96 4.51 2.17 0.87 2.52 2.66 2.24 1.93 2.78 2.65 2.45 2.15 2.33 2.28 2.10 2.12 2.06 2.01 1.85 1.82 2.01 1.86 1.40 1.42 1.67 1.66
Shares (Basic) 1,100M 1,095M 1,096M 1,092M 1,075M 1,061M 1,058M 1,053M 1,034M 1,008M 990M 912M 908M 887M 868M 857M 833M 795M 771M 756M 743M 744M 739M 727M 708M 689M 653M 685M 697M 685M 673M 665M
Shares (Diluted) 1,108M 1,101M 1,103M 1,098M 1,081M 1,061M 1,058M 1,053M 1,034M 1,008M 990M 912M 908M 887M 868M 857M 833M 795M 775M 761M 748M 749M 743M 732M 714M 694M 654M 686M 697M 685M 673M 665M

Product Segments

Metric TTM TTM-1 2024-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2011-12-31 2010-12-31
Alternative Energy 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -20.00M 0.00M 0.00M
Electric Utilities 11,176.00M 0.00M 0.00M 0.00M 1,851.00M 1,399.00M 0.00M 0.00M 17,587.00M 17,374.00M
Gas Distribution Operations 0.00M 0.00M 3,899.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Gas Marketing Services 0.00M 0.00M 516.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Gas Pipeline Investments 0.00M 0.00M 32.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Natural Gas Distribution 610.00M 4,811.00M 0.00M 5,218.00M 3,625.00M 2,888.00M 2,989.00M 0.00M 0.00M 0.00M
Natural Gas Distribution - Commercial 55.00M 677.00M 0.00M 763.00M 470.00M 340.00M 389.00M 0.00M 0.00M 0.00M
Natural Gas Distribution - Industrial 4.00M 65.00M 0.00M 84.00M 49.00M 30.00M 35.00M 0.00M 0.00M 0.00M
Natural Gas Distribution - Other 45.00M 314.00M 0.00M 342.00M 269.00M 209.00M 245.00M 0.00M 0.00M 0.00M
Natural Gas Distribution - Residential 212.00M 2,579.00M 0.00M 2,843.00M 1,799.00M 1,338.00M 1,413.00M 0.00M 0.00M 0.00M
Natural Gas Distribution - Transportation 294.00M 1,176.00M 0.00M 1,186.00M 1,038.00M 971.00M 907.00M 0.00M 0.00M 0.00M
Other Adjustments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -5,443.00M 0.00M 0.00M 0.00M
Other Electric Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 664.00M 0.00M 0.00M
Other Natural Gas 57.00M 651.00M 0.00M 687.00M 2,668.00M 2,151.00M 2,609.00M 0.00M 0.00M 0.00M
Other Natural Gas - Gas Marketing Services 51.00M 607.00M 0.00M 636.00M 464.00M 391.00M 440.00M 0.00M 0.00M 0.00M
Other Natural Gas - Gas Pipeline Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 32.00M 0.00M 0.00M 0.00M
Other Natural Gas - Other Natural Gas Revenues 6.00M 44.00M 0.00M 51.00M 36.00M 33.00M 42.00M 0.00M 0.00M 0.00M
Other Natural Gas - Wholesale Gas Services 0.00M 0.00M 0.00M 0.00M 2,168.00M 1,727.00M 2,095.00M 0.00M 0.00M 0.00M
Other Revenue Sources 177.00M 0.00M 0.00M 0.00M 1,786.00M 2,881.00M 0.00M 0.00M 0.00M 0.00M
Other Revenues 9.00M 0.00M 0.00M 0.00M 30.00M 14.00M 0.00M 0.00M 0.00M 0.00M
Retail Electric 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Retail Electric - Commercial 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Retail Electric - Industrial 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Retail Electric - Other 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Retail Electric - Residential 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Southern Company Gas 5,435.00M 0.00M 4,456.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Wholesale Electric - Non-PPA Revenues 67.00M 0.00M 0.00M 0.00M 398.00M 239.00M 0.00M 0.00M 0.00M 0.00M
Wholesale Electric - PPA Capacity Revenues 125.00M 0.00M 0.00M 0.00M 323.00M 296.00M 0.00M 0.00M 0.00M 0.00M
Wholesale Electric - PPA Energy Revenues 222.00M 0.00M 0.00M 0.00M 854.00M 570.00M 0.00M 0.00M 0.00M 0.00M

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 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Cash & Cash Equivalents 3,342.00M 1,264.00M 1,070.00M 748.00M 1,917.00M 1,798.00M 1,065.00M 1,975.00M 1,396.00M 2,130.00M 1,975.00M 1,404.00M 710.00M 659.00M 628.00M 1,315.00M 447.00M 690.00M 417.00M 201.00M 167.00M 202.00M 368.00M 311.00M 273.00M 354.00M 205.00M 176.00M 959.00M 704.00M 445.00M 772.00M
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 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 3,342.00M 1,264.00M 1,070.00M 748.00M 1,917.00M 1,798.00M 1,065.00M 1,975.00M 1,396.00M 2,130.00M 1,975.00M 1,404.00M 710.00M 659.00M 628.00M 1,315.00M 447.00M 690.00M 417.00M 201.00M 167.00M 202.00M 368.00M 311.00M 273.00M 354.00M 205.00M 176.00M 959.00M 704.00M 445.00M 772.00M
Net Receivables 3,903.00M 4,350.00M 4,289.00M 3,963.00M 3,716.00M 2,962.00M 3,335.00M 3,409.00M 4,059.00M 4,048.00M 3,790.00M 2,047.00M 1,947.00M 1,819.00M 1,649.00M 1,849.00M 1,820.00M 1,697.00M 1,649.00M 1,620.00M 1,521.00M 1,544.00M 1,278.00M 1,467.00M 1,507.00M 1,427.00M 1,730.00M 1,287.00M 1,797.00M 2,007.00M 1,502.00M 1,522.00M
Inventory 3,255.00M 3,075.00M 3,369.00M 3,352.00M 2,677.00M 2,355.00M 2,488.00M 2,388.00M 2,394.00M 2,627.00M 2,782.00M 1,929.00M 1,969.00M 2,298.00M 2,819.00M 2,270.00M 2,135.00M 2,241.00M 1,775.00M 1,435.00M 1,323.00M 1,069.00M 910.00M 886.00M 859.00M 944.00M 702.00M 767.00M 767.00M 711.00M 780.00M 879.00M
Other Current Assets 1,803.00M 1,630.00M 1,672.00M 1,963.00M 1,759.00M 1,520.00M 1,453.00M 1,731.00M 1,302.00M 815.00M 811.00M 651.00M 573.00M 560.00M 409.00M 453.00M 697.00M 737.00M 1,215.00M 1,330.00M 880.00M 1,261.00M 809.00M 127.00M 164.00M 231.00M 188.00M 132.00M 81.00M 79.00M 77.00M 74.00M
Total Current Assets 12,303.00M 10,319.00M 10,400.00M 10,026.00M 10,069.00M 8,635.00M 8,341.00M 9,503.00M 9,151.00M 9,620.00M 9,358.00M 6,031.00M 5,199.00M 5,336.00M 5,505.00M 5,887.00M 5,099.00M 5,365.00M 5,056.00M 4,586.00M 3,891.00M 4,076.00M 3,365.00M 2,791.00M 2,803.00M 2,956.00M 2,825.00M 2,362.00M 3,604.00M 3,501.00M 2,804.00M 3,247.00M
Property, Plant & Equipment 112,258.00M 110,245.00M 106,743.00M 101,941.00M 96,703.00M 93,462.00M 90,390.00M 86,059.00M 81,864.00M 80,896.00M 79,490.00M 62,029.00M 55,814.00M 52,091.00M 49,276.00M 45,921.00M 42,002.00M 39,230.00M 35,878.00M 33,327.00M 31,092.00M 29,480.00M 28,358.00M 27,525.00M 26,566.00M 23,084.00M 21,622.00M 20,539.00M 23,929.00M 23,652.00M 23,269.00M 23,026.00M
Goodwill 5,161.00M 5,161.00M 5,161.00M 5,161.00M 5,161.00M 5,280.00M 5,280.00M 5,280.00M 5,315.00M 6,268.00M 6,251.00M 2.00M 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 2,106.00M 2,125.00M 1,888.00M 318.00M 344.00M
Intangible Assets 308.00M 316.00M 332.00M 368.00M 406.00M 445.00M 487.00M 536.00M 613.00M 873.00M 970.00M 317.00M 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 2,649.00M 1,339.00M 1,389.00M 0.00M 0.00M
Long-Term Investments 4,883.00M 4,187.00M 4,037.00M 3,792.00M 3,588.00M 3,824.00M 3,665.00M 3,339.00M 3,301.00M 3,345.00M 3,155.00M 1,518.00M 1,546.00M 1,465.00M 1,303.00M 1,207.00M 2,271.00M 1,963.00M 1,988.00M 2,354.00M 2,197.00M 2,373.00M 2,247.00M 1,926.00M 1,673.00M 1,530.00M 1,447.00M 1,370.00M 2,703.00M 2,297.00M 1,183.00M 949.00M
Tax Assets 911.00M 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 1,365.00M 1,280.00M 1,047.00M 973.00M 910.00M 895.00M 937.00M 864.00M 874.00M 898.00M 924.00M 957.00M 987.00M 1,036.00M 1,142.00M 1,238.00M 1,386.00M
Other Non-Current Assets 17,100.00M 18,143.00M 18,213.00M 17,637.00M 18,617.00M 15,558.00M 14,496.00M 13,669.00M 16,238.00M 9,551.00M 10,109.00M 7,926.00M 7,009.00M 5,376.00M 6,408.00M 4,502.00M 3,596.00M 3,933.00M 4,150.00M 4,466.00M 4,655.00M 2,882.00M 1,995.00M 1,793.00M 1,655.00M 1,403.00M 4,409.00M -722.00M 1,353.00M 1,288.00M 1,331.00M 1,444.00M
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 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 140,621.00M 138,052.00M 134,486.00M 128,899.00M 124,475.00M 118,569.00M 114,318.00M 108,883.00M 107,331.00M 100,933.00M 99,975.00M 71,792.00M 64,369.00M 58,932.00M 56,987.00M 52,995.00M 49,149.00M 46,173.00M 42,989.00M 41,057.00M 38,839.00M 35,672.00M 33,464.00M 32,118.00M 30,792.00M 26,941.00M 28,435.00M 26,929.00M 32,485.00M 31,656.00M 27,339.00M 27,149.00M
Total Assets 152,924.00M 148,371.00M 144,886.00M 138,925.00M 134,544.00M 127,204.00M 122,659.00M 118,386.00M 116,482.00M 110,553.00M 109,333.00M 77,823.00M 69,568.00M 64,268.00M 62,492.00M 58,882.00M 54,248.00M 51,538.00M 48,045.00M 45,643.00M 42,730.00M 39,748.00M 36,829.00M 34,909.00M 33,595.00M 29,897.00M 31,260.00M 29,291.00M 36,089.00M 35,157.00M 30,143.00M 30,396.00M
Accounts Payable 3,017.00M 2,948.00M 3,701.00M 2,898.00M 3,525.00M 2,169.00M 2,806.00M 2,557.00M 3,436.00M 3,076.00M 2,825.00M 1,905.00M 1,593.00M 1,376.00M 1,387.00M 1,553.00M 1,275.00M 1,329.00M 1,250.00M 1,214.00M 1,081.00M 1,229.00M 877.00M 688.00M 797.00M 823.00M 869.00M 669.00M 1,027.00M 1,049.00M 788.00M 785.00M
Short-Term Debt 7,883.00M 6,353.00M 6,056.00M 4,790.00M 6,894.00M 3,597.00M 4,116.00M 5,044.00M 6,113.00M 6,300.00M 4,796.00M 4,018.00M 4,101.00M 1,922.00M 3,137.00M 2,552.00M 2,598.00M 1,752.00M 1,570.00M 2,450.00M 3,359.00M 2,159.00M 1,409.00M 1,309.00M 2,651.00M 2,331.00M 1,747.00M 2,284.00M 3,354.00M 2,848.00M 1,674.00M 2,179.00M
Tax Payables 456.00M 20.00M 57.00M 868.00M 824.00M 691.00M 829.00M 659.00M 656.00M 619.00M 860.00M 503.00M 638.00M 469.00M 398.00M 460.00M 635.00M 577.00M 328.00M 217.00M 110.00M 104.00M 290.00M 403.00M 332.00M 353.00M 296.00M 419.00M 349.00M 379.00M 205.00M 0.00M
Deferred Revenue 0.00M 468.00M 486.00M 503.00M 502.00M 479.00M 487.00M 496.00M 522.00M 542.00M 558.00M 404.00M 390.00M 380.00M 370.00M 347.00M 332.00M 331.00M 302.00M 274.00M 249.00M 220.00M 199.00M 189.00M 169.00M 153.00M 140.00M 128.00M 125.00M 133.00M 132.00M 216.00M
Other Current Liabilities 3,198.00M 3,006.00M 3,814.00M 3,573.00M 3,168.00M 3,202.00M 3,087.00M 3,087.00M 3,087.00M 2,521.00M 2,839.00M 2,028.00M 1,915.00M 1,098.00M 1,459.00M 1,437.00M 1,213.00M 1,193.00M 1,005.00M 1,087.00M 1,219.00M 1,180.00M 950.00M 710.00M 782.00M 473.00M 426.00M 391.00M 542.00M 608.00M 708.00M 530.00M
Total Current Liabilities 14,554.00M 12,795.00M 14,114.00M 12,632.00M 14,913.00M 10,138.00M 11,325.00M 11,843.00M 13,814.00M 13,058.00M 11,878.00M 8,858.00M 8,637.00M 5,245.00M 6,751.00M 6,349.00M 6,053.00M 5,182.00M 4,455.00M 5,242.00M 6,018.00M 4,892.00M 3,725.00M 3,299.00M 4,731.00M 4,133.00M 3,478.00M 3,891.00M 5,397.00M 5,017.00M 3,507.00M 3,710.00M
Long-Term Debt 64,621.00M 62,983.00M 58,768.00M 57,210.00M 50,656.00M 50,120.00M 45,073.00M 41,798.00M 40,736.00M 44,462.00M 42,629.00M 24,688.00M 20,644.00M 21,344.00M 19,274.00M 18,647.00M 18,154.00M 18,131.00M 16,816.00M 14,143.00M 12,503.00M 12,846.00M 12,449.00M 10,164.00M 8,714.00M 8,297.00M 7,843.00M 7,251.00M 10,472.00M 10,274.00M 7,938.00M 8,274.00M
Capital Lease Obligations 1,440.00M 1,488.00M 1,453.00M 1,490.00M 1,585.00M 1,753.00M 1,852.00M 1,844.00M 24.00M 31.00M 32.00M 32.00M 31.00M 29.00M 23.00M 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
Deferred Tax Liabilities 12,250.00M 18,757.00M 18,220.00M 17,731.00M 17,404.00M 16,479.00M 16,177.00M 16,257.00M 15,390.00M 16,365.00M 16,539.00M 13,728.00M 12,482.00M 11,732.00M 11,043.00M 9,644.00M 8,298.00M 7,151.00M 6,794.00M 6,590.00M 6,783.00M 6,574.00M 6,168.00M 5,824.00M 5,260.00M 5,231.00M 5,289.00M 5,217.00M 5,919.00M 6,150.00M 6,340.00M 6,367.00M
Other Non-Current Liabilities 20,135.00M 13,913.00M 14,272.00M 14,391.00M 15,187.00M 15,944.00M 15,470.00M 14,434.00M 17,172.00M 10,732.00M 10,882.00M 8,673.00M 6,845.00M 5,806.00M 6,439.00M 5,739.00M 5,199.00M 5,595.00M 5,528.00M 5,960.00M 5,104.00M 3,932.00M 3,701.00M 5,614.00M 5,715.00M 3,599.00M 3,352.00M 3,221.00M 3,358.00M 2,869.00M 1,583.00M 1,265.00M
Total Non-Current Liabilities 98,446.00M 97,141.00M 92,713.00M 90,822.00M 84,832.00M 84,296.00M 78,572.00M 74,333.00M 73,322.00M 71,590.00M 70,082.00M 47,121.00M 40,002.00M 38,911.00M 36,779.00M 34,030.00M 31,651.00M 30,877.00M 29,138.00M 26,693.00M 24,390.00M 23,352.00M 22,318.00M 21,602.00M 19,689.00M 17,127.00M 16,484.00M 15,689.00M 19,749.00M 19,293.00M 15,861.00M 15,906.00M
Total Liabilities 113,000.00M 109,936.00M 106,827.00M 103,454.00M 99,745.00M 94,434.00M 89,897.00M 86,176.00M 87,136.00M 84,648.00M 81,960.00M 55,979.00M 48,639.00M 44,156.00M 43,530.00M 40,379.00M 37,704.00M 36,059.00M 33,593.00M 31,935.00M 30,408.00M 28,244.00M 26,043.00M 24,901.00M 24,420.00M 21,260.00M 19,962.00M 19,580.00M 25,146.00M 24,310.00M 19,368.00M 19,616.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 291.00M 291.00M 291.00M 291.00M 324.00M 727.00M 727.00M 1,131.00M 1,131.00M 1,082.00M 1,082.00M 707.00M 707.00M 707.00M 1,080.00M 744.00M 596.00M 561.00M 423.00M 298.00M 368.00M 368.00M 369.00M 369.00M 493.00M 980.00M 1,332.00M
Common Stock 5,463.00M 5,458.00M 5,446.00M 5,423.00M 5,417.00M 5,279.00M 5,268.00M 5,257.00M 5,164.00M 5,038.00M 4,952.00M 4,572.00M 4,539.00M 4,461.00M 4,389.00M 4,328.00M 4,219.00M 4,101.00M 3,888.00M 12,385.00M 11,371.00M 10,689.00M 10,278.00M 3,675.00M 3,583.00M 3,503.00M 3,503.00M 3,503.00M 3,499.00M 3,467.00M 3,385.00M 3,348.00M
Retained Earnings 15,254.00M 14,357.00M 13,750.00M 12,482.00M 11,538.00M 10,929.00M 11,311.00M 10,877.00M 8,706.00M 8,885.00M 10,356.00M 10,010.00M 9,609.00M 9,510.00M 9,626.00M 8,968.00M 8,366.00M 7,885.00M 7,612.00M 0.00M 0.00M 0.00M 5,839.00M 5,343.00M 4,874.00M 4,517.00M 4,672.00M 4,232.00M 3,878.00M 3,842.00M 3,764.00M 3,483.00M
Accumulated OCI -80.00M -71.00M -78.00M -177.00M -167.00M -237.00M -395.00M -321.00M -203.00M -189.00M -180.00M -130.00M -128.00M -75.00M -123.00M -111.00M -70.00M -88.00M -105.00M 0.00M 0.00M 0.00M -133.00M -113.00M -82.00M 7.00M -93.00M -92.00M 15.00M 7.00M 0.00M 0.00M
Minority Interest 3,272.00M 3,328.00M 3,466.00M 3,781.00M 4,124.00M 4,402.00M 4,262.00M 4,254.00M 4,316.00M 1,361.00M 1,245.00M 781.00M 221.00M 0.00M 707.00M 707.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 725.00M 535.00M 435.00M 375.00M 231.00M
Total Shareholders’ Equity 20,637.00M 19,744.00M 19,118.00M 17,728.00M 16,788.00M 16,262.00M 16,475.00M 16,104.00M 13,958.00M 14,058.00M 15,855.00M 15,179.00M 15,151.00M 15,027.00M 14,974.00M 14,267.00M 13,222.00M 12,605.00M 12,102.00M 13,465.00M 12,115.00M 11,285.00M 16,545.00M 9,328.00M 8,673.00M 8,395.00M 8,450.00M 8,012.00M 7,761.00M 7,809.00M 8,129.00M 8,163.00M
Total Equity 23,909.00M 23,072.00M 22,584.00M 21,509.00M 20,912.00M 20,664.00M 20,737.00M 20,358.00M 18,274.00M 15,419.00M 17,100.00M 15,960.00M 15,372.00M 15,027.00M 15,681.00M 14,974.00M 13,222.00M 12,605.00M 12,102.00M 13,465.00M 12,115.00M 11,285.00M 16,545.00M 9,328.00M 8,673.00M 8,395.00M 8,450.00M 8,737.00M 8,296.00M 8,244.00M 8,504.00M 8,394.00M
Total Liabilities & Equity 136,909.00M 133,008.00M 129,411.00M 124,963.00M 120,657.00M 115,098.00M 110,634.00M 106,534.00M 105,410.00M 100,067.00M 99,060.00M 71,939.00M 64,011.00M 59,183.00M 59,211.00M 55,353.00M 50,926.00M 48,664.00M 45,695.00M 45,400.00M 42,523.00M 39,529.00M 42,588.00M 34,229.00M 33,093.00M 29,655.00M 28,412.00M 28,317.00M 33,442.00M 32,554.00M 27,872.00M 28,010.00M
Tangible Assets 147,455.00M 142,894.00M 139,393.00M 133,396.00M 128,977.00M 121,479.00M 116,892.00M 112,570.00M 110,554.00M 103,412.00M 102,112.00M 77,504.00M 69,568.00M 64,268.00M 62,492.00M 58,882.00M 54,248.00M 51,538.00M 48,045.00M 45,643.00M 42,730.00M 39,748.00M 36,829.00M 34,909.00M 33,595.00M 29,897.00M 31,260.00M 24,536.00M 32,625.00M 31,880.00M 29,825.00M 30,052.00M
Tangible Equity 18,440.00M 17,595.00M 17,091.00M 15,980.00M 15,345.00M 14,939.00M 14,970.00M 14,542.00M 12,346.00M 8,278.00M 9,879.00M 15,641.00M 15,372.00M 15,027.00M 15,681.00M 14,974.00M 13,222.00M 12,605.00M 12,102.00M 13,465.00M 12,115.00M 11,285.00M 16,545.00M 9,328.00M 8,673.00M 8,395.00M 8,450.00M 3,982.00M 4,832.00M 4,967.00M 8,186.00M 8,050.00M
Tangible Book Value 18,440.00M 17,595.00M 17,091.00M 15,980.00M 15,345.00M 14,939.00M 14,970.00M 14,542.00M 12,346.00M 8,278.00M 9,879.00M 15,641.00M 15,372.00M 15,027.00M 15,681.00M 14,974.00M 13,222.00M 12,605.00M 12,102.00M 13,465.00M 12,115.00M 11,285.00M 16,545.00M 9,328.00M 8,673.00M 8,395.00M 8,450.00M 3,982.00M 4,832.00M 4,967.00M 8,186.00M 8,050.00M
Total Investments 4,883.00M 4,187.00M 4,037.00M 3,792.00M 3,588.00M 3,824.00M 3,665.00M 3,339.00M 3,301.00M 3,345.00M 3,155.00M 1,518.00M 1,546.00M 1,465.00M 1,303.00M 1,207.00M 2,271.00M 1,963.00M 1,988.00M 2,354.00M 2,197.00M 2,373.00M 2,247.00M 1,926.00M 1,673.00M 1,530.00M 1,447.00M 1,370.00M 2,703.00M 2,297.00M 1,183.00M 949.00M
Net Debt 69,162.00M 68,072.00M 63,754.00M 61,252.00M 55,633.00M 51,919.00M 48,124.00M 44,867.00M 45,453.00M 48,632.00M 45,450.00M 27,302.00M 24,035.00M 22,607.00M 21,783.00M 19,884.00M 20,305.00M 19,193.00M 17,969.00M 16,392.00M 15,695.00M 14,803.00M 13,490.00M 11,162.00M 11,092.00M 10,274.00M 9,385.00M 9,359.00M 12,867.00M 12,418.00M 9,167.00M 9,681.00M

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 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 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Working Capital -4,099.0M -3,769.0M -5,299.0M -3,035.0M -5,308.0M -1,956.0M -3,462.0M -2,729.0M -4,703.0M -3,522.0M -3,195.0M -2,603.0M -3,097.0M 89.0M -852.0M -305.0M -589.0M 289.0M 132.0M -899.0M -2,334.0M -1,035.0M -307.0M -445.0M -2,058.0M -1,420.0M -893.0M -1,667.0M -2,035.0M -1,788.0M -907.0M -908.0M
Total Capital 108,748.0M 104,838.0M 99,485.0M 94,934.0M 89,543.0M 83,635.0M 79,304.0M 76,482.0M 71,863.0M 75,284.0M 72,942.0M 50,057.0M 45,856.0M 43,434.0M 41,813.0M 39,883.0M 37,661.0M 35,468.0M 32,369.0M 30,058.0M 27,977.0M 26,290.0M 24,697.0M 21,544.0M 20,373.0M 18,980.0M 20,648.0M 19,108.0M 23,992.0M 23,262.0M 19,808.0M 20,557.0M
Capital Employed 136,522.0M 134,283.0M 129,187.0M 125,864.0M 119,167.0M 116,613.0M 110,856.0M 106,154.0M 102,628.0M 97,411.0M 96,780.0M 69,189.0M 61,272.0M 59,021.0M 56,135.0M 52,690.0M 48,560.0M 46,462.0M 43,121.0M 40,158.0M 36,505.0M 34,637.0M 33,157.0M 31,673.0M 28,734.0M 25,521.0M 27,542.0M 25,262.0M 30,450.0M 29,868.0M 26,432.0M 26,241.0M
Invested Capital 105,406.0M 103,574.0M 98,415.0M 94,186.0M 87,626.0M 81,837.0M 78,239.0M 74,507.0M 70,467.0M 73,154.0M 70,967.0M 48,653.0M 45,146.0M 42,775.0M 41,185.0M 38,568.0M 37,214.0M 34,778.0M 31,952.0M 29,857.0M 27,810.0M 26,088.0M 24,329.0M 21,233.0M 20,100.0M 18,626.0M 20,443.0M 18,932.0M 23,033.0M 22,558.0M 19,363.0M 19,785.0M

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 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 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Net Income 4,296.00M 4,648.00M 4,260.00M 3,976.00M 3,428.00M 2,309.00M 3,103.00M 4,744.00M 2,300.00M 926.00M 2,529.00M 2,435.00M 2,031.00M 1,710.00M 2,415.00M 2,268.00M 2,040.00M 1,708.00M 1,742.00M 1,734.00M 1,573.00M 1,591.00M 1,532.00M 1,474.00M 1,318.00M 1,262.00M 1,313.00M 1,276.00M 977.00M 972.00M 1,127.00M 1,103.00M
Depreciation & Amortization 5,774.00M 5,202.00M 5,266.00M 4,986.00M 4,064.00M 3,973.00M 3,905.00M 3,331.00M 3,549.00M 3,457.00M 2,923.00M 2,395.00M 2,293.00M 2,298.00M 2,145.00M 2,048.00M 1,831.00M 1,788.00M 1,704.00M 1,486.00M 1,421.00M 1,398.00M 1,178.00M 1,163.00M 1,158.00M 1,358.00M 1,337.00M 1,522.00M 1,773.00M 1,471.00M 1,201.00M 0.00M
Deferred Income Tax 371.00M 794.00M 536.00M 416.00M 758.00M 239.00M 100.00M 1,368.00M 94.00M 166.00M -127.00M 1,356.00M 744.00M 798.00M 1,096.00M 1,155.00M 1,038.00M 25.00M 21.00M -1,801.00M -1,577.00M 0.00M 590.00M 451.00M 172.00M -22.00M 97.00M 137.00M -22.00M -5.00M 57.00M 117.00M
Stock-Based Compensation 136.00M 138.00M 132.00M 137.00M 127.00M 144.00M 113.00M 107.00M 125.00M 109.00M 121.00M 99.00M 63.00M 59.00M 55.00M 42.00M 33.00M 23.00M 20.00M 28.00M 28.00M 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 1,042.00M 337.00M 1,421.00M -135.00M 160.00M -990.00M -389.00M 162.00M 276.00M -996.00M 858.00M -187.00M 614.00M 152.00M -451.00M 573.00M -59.00M -45.00M -263.00M 125.00M -483.00M -1,003.00M -538.00M -1.00M 224.00M 120.00M -70.00M -44.00M -62.00M 158.00M -137.00M -73.00M
Accounts Receivable 191.00M -344.00M -372.00M 590.00M -769.00M -354.00M -36.00M 630.00M -426.00M -199.00M -544.00M 243.00M -352.00M -153.00M 234.00M 1,005.00M 421.00M 585.00M 5.00M 116.00M -191.00M 149.00M -200.00M 796.00M 2,040.00M 344.00M -379.00M -213.00M 151.00M 0.00M 0.00M 0.00M
Inventory 58.00M -413.00M -49.00M -605.00M -127.00M -603.00M -186.00M -76.00M 172.00M 72.00M -79.00M 17.00M 341.00M 517.00M -549.00M -122.00M 105.00M -471.00M -326.00M -110.00M -239.00M -188.00M -39.00M -29.00M 113.00M -242.00M 63.00M -76.00M -45.00M 77.00M 104.00M 39.00M
Accounts Payable -94.00M 7.00M 492.00M -863.00M 1,021.00M -8.00M -27.00M -693.00M 291.00M -280.00M 301.00M -353.00M 267.00M 72.00M -89.00M -5.00M 4.00M -125.00M -74.00M 105.00M -173.00M 71.00M 29.00M -68.00M 118.00M -51.00M 180.00M -147.00M -17.00M 0.00M 0.00M 0.00M
Other Working Capital 887.00M 1,087.00M 1,350.00M 743.00M 35.00M -25.00M -140.00M 301.00M 239.00M -589.00M 1,180.00M -94.00M 358.00M -284.00M -47.00M -305.00M -589.00M -34.00M 132.00M 14.00M 120.00M -1,035.00M -328.00M -700.00M -2,047.00M 69.00M 66.00M 392.00M -151.00M 81.00M -241.00M -112.00M
Other Non-Cash Items -2,241.00M -1,691.00M -1,827.00M -1,827.00M -2,235.00M 494.00M -136.00M -3,931.00M 601.00M 2,733.00M -1,410.00M 176.00M 70.00M 1,080.00M -362.00M -183.00M -892.00M -236.00M 174.00M 1,823.00M 1,858.00M 544.00M -165.00M -96.00M -54.00M -334.00M 136.00M 172.00M -199.00M -92.00M 16.00M 1,168.00M
Net Cash from Operating Activities 9,378.00M 9,428.00M 9,788.00M 7,553.00M 6,302.00M 6,169.00M 6,696.00M 5,781.00M 6,945.00M 6,395.00M 4,894.00M 6,274.00M 5,815.00M 6,097.00M 4,898.00M 5,903.00M 3,991.00M 3,263.00M 3,398.00M 3,395.00M 2,820.00M 2,530.00M 2,692.00M 3,066.00M 2,831.00M 2,384.00M 2,818.00M 2,723.00M 2,748.00M 2,625.00M 2,401.00M 2,315.00M
Capital Expenditures (PPE) -11,376.00M -9,022.00M -8,955.00M -9,095.00M -7,923.00M -7,240.00M -7,441.00M -7,555.00M -8,001.00M -7,423.00M -7,310.00M -7,393.00M -5,977.00M -5,463.00M -4,809.00M -4,525.00M -4,086.00M -4,670.00M -3,961.00M -3,545.00M -2,994.00M -2,370.00M -2,110.00M -2,002.00M -2,717.00M -2,617.00M -2,225.00M -2,560.00M -2,005.00M -1,859.00M -1,229.00M -1,401.00M
Acquisitions (Net) -635.00M 509.00M 369.00M 164.00M 275.00M 572.00M 888.00M 4,924.00M 2,777.00M -1,222.00M -12,133.00M -1,378.00M -731.00M 0.00M 0.00M 25.00M 18.00M 340.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1,800.00M -998.00M -2,925.00M 0.00M -1,416.00M
Purchases of Investments -1,693.00M -1,327.00M -1,551.00M -1,142.00M -1,125.00M -1,598.00M -877.00M -888.00M -1,117.00M -811.00M -1,160.00M -1,424.00M -916.00M -986.00M -1,046.00M -2,195.00M -2,059.00M -55.00M 0.00M 0.00M 0.00M 0.00M -97.00M -72.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 1,677.00M 1,312.00M 1,535.00M 1,121.00M 1,112.00M 1,593.00M 871.00M 882.00M 1,111.00M 805.00M 1,154.00M 1,418.00M 914.00M 984.00M 1,043.00M 2,190.00M 2,029.00M 1,228.00M 712.00M 775.00M 743.00M 596.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -294.00M -1,106.00M -798.00M -716.00M -769.00M -680.00M -471.00M -755.00M -530.00M 1,460.00M -599.00M 119.00M -429.00M -277.00M -356.00M 322.00M -158.00M -1,162.00M -877.00M -939.00M -583.00M -855.00M -45.00M -120.00M -244.00M -119.00M -81.00M 146.00M 367.00M 19.00M -64.00M 440.00M
Net Cash from Investing Activities -12,321.00M -9,634.00M -9,400.00M -9,668.00M -8,430.00M -7,353.00M -7,030.00M -3,392.00M -5,760.00M -7,191.00M -20,048.00M -7,280.00M -6,408.00M -5,742.00M -5,168.00M -4,183.00M -4,256.00M -4,319.00M -4,126.00M -3,709.00M -2,834.00M -2,629.00M -2,252.00M -2,194.00M -2,961.00M -2,736.00M -2,306.00M -4,214.00M -2,636.00M -4,765.00M -1,293.00M -2,377.00M
Net Debt Issuance 8,492.00M 2,594.00M 2,969.00M 4,371.00M 4,137.00M 4,765.00M 2,268.00M 13.00M -2,579.00M 3,127.00M 13,973.00M 3,998.00M 1,677.00M 770.00M 1,205.00M 111.00M 185.00M 1,502.00M 1,904.00M 1,260.00M 881.00M 323.00M 434.00M 119.00M 576.00M 1,037.00M 53.00M 927.00M 374.00M 2,038.00M -793.00M 1,467.00M
Long-Term Debt Issuance 8,669.00M 3,587.00M 3,937.00M 4,678.00M 2,974.00M 3,935.00M 3,589.00M 873.00M -3,055.00M 2,928.00M 13,223.00M 3,425.00M 2,353.00M 108.00M 1,235.00M 549.00M 185.00M 1,808.00M 2,218.00M 1,260.00M 198.00M 323.00M 575.00M 119.00M 576.00M 1,037.00M 53.00M 927.00M 374.00M 2,038.00M -793.00M 1,467.00M
Short-Term Debt Issuance -177.00M -993.00M -968.00M -307.00M 1,163.00M 830.00M -1,321.00M -860.00M 476.00M 199.00M 750.00M 573.00M -676.00M 662.00M -30.00M -438.00M 659.00M -306.00M -314.00M 0.00M 683.00M 0.00M -181.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 121.00M 122.00M 143.00M 36.00M 1,510.00M 73.00M 74.00M 844.00M 1,057.00M 0.00M 0.00M -271.00M 801.00M 725.00M -33.00M 723.00M 772.00M 1,286.00M 349.00M 1,008.00M 137.00M -139.00M 271.00M 595.00M 358.00M 395.00M 495.00M -924.00M 70.00M -300.00M -8.00M 276.00M
Common Stock Issuance 121.00M 122.00M 143.00M 36.00M 1,510.00M 73.00M 74.00M 844.00M 1,090.00M 1,043.00M 3,758.00M 256.00M 806.00M 695.00M 397.00M 723.00M 772.00M 1,286.00M 474.00M 538.00M 137.00M 213.00M 124.00M 470.00M 451.00M 395.00M 910.00M 24.00M 234.00M 360.00M 171.00M 277.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -33.00M -658.00M 0.00M -115.00M -5.00M -20.00M -430.00M 0.00M 0.00M 0.00M -125.00M 0.00M 0.00M -356.00M 0.00M 0.00M -70.00M 0.00M -415.00M -948.00M -364.00M -660.00M -179.00M -1.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -33.00M -408.00M 0.00M -412.00M 0.00M 745.00M 0.00M 0.00M 0.00M 0.00M -125.00M 470.00M 0.00M 0.00M 147.00M 125.00M -70.00M 0.00M 0.00M -86.00M -39.00M -660.00M -179.00M -1.00M
Net Dividends Paid -2,988.00M -2,984.00M -2,954.00M -3,035.00M -2,907.00M -2,777.00M -2,685.00M -2,570.00M -2,425.00M -2,300.00M -2,104.00M -1,959.00M -1,866.00M -1,828.00M -1,758.00M -1,666.00M -1,561.00M -1,434.00M -1,280.00M -1,205.00M -1,140.00M -1,098.00M -1,045.00M -1,004.00M -958.00M -922.00M -873.00M -921.00M -933.00M -889.00M -846.00M -811.00M
Common Dividends Paid -2,988.00M -2,984.00M -2,954.00M -3,035.00M -2,907.00M -2,777.00M -2,685.00M -2,570.00M -2,425.00M -2,300.00M -2,104.00M -1,959.00M -1,866.00M -1,762.00M -1,693.00M -1,601.00M -1,496.00M -1,369.00M -1,280.00M -1,205.00M -1,140.00M -1,098.00M -1,045.00M -1,004.00M -958.00M -922.00M -873.00M -921.00M -933.00M -889.00M -846.00M -811.00M
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 -66.00M -65.00M -65.00M -65.00M -65.00M -66.00M 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 -395.00M -361.00M -366.00M -373.00M -404.00M -116.00M -233.00M -217.00M 2,134.00M 124.00M 3,856.00M -68.00M 32.00M 9.00M 169.00M -20.00M 626.00M -25.00M -95.00M -715.00M 101.00M 847.00M -40.00M -544.00M 58.00M -3.00M -54.00M 2,003.00M 648.00M 1,447.00M 212.00M -237.00M
Net Cash from Financing Activities 5,230.00M -629.00M -208.00M 999.00M 2,336.00M 1,945.00M -576.00M -1,930.00M -1,813.00M 951.00M 15,725.00M 1,700.00M 644.00M -324.00M -417.00M -852.00M 22.00M 1,329.00M 944.00M 348.00M -21.00M -67.00M -378.00M -834.00M 49.00M 507.00M -379.00M 1,085.00M 159.00M 2,296.00M -1,435.00M 695.00M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -88.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 2,287.00M -835.00M 180.00M -1,116.00M 208.00M 761.00M -910.00M 459.00M -628.00M 155.00M 571.00M 694.00M 51.00M 31.00M -687.00M 868.00M -243.00M 273.00M 216.00M 34.00M -35.00M -166.00M 62.00M 38.00M -81.00M 155.00M 45.00M -406.00M 271.00M 156.00M -327.00M 633.00M
Cash at Beginning of Period 5,753.00M 4,854.00M 921.00M 2,037.00M 1,829.00M 1,068.00M 1,978.00M 1,519.00M 2,147.00M 1,975.00M 1,404.00M 710.00M 659.00M 628.00M 1,315.00M 447.00M 690.00M 417.00M 201.00M 167.00M 202.00M 368.00M 311.00M 273.00M 354.00M 199.00M 154.00M 872.00M 601.00M 445.00M 772.00M 139.00M
Cash at End of Period 8,040.00M 4,019.00M 1,101.00M 921.00M 2,037.00M 1,829.00M 1,068.00M 1,978.00M 1,519.00M 2,130.00M 1,975.00M 1,404.00M 710.00M 659.00M 628.00M 1,315.00M 447.00M 690.00M 417.00M 201.00M 167.00M 202.00M 373.00M 311.00M 273.00M 354.00M 199.00M 466.00M 872.00M 601.00M 445.00M 772.00M
Operating Cash Flow 9,378.00M 9,428.00M 9,788.00M 7,553.00M 6,302.00M 6,169.00M 6,696.00M 5,781.00M 6,945.00M 6,395.00M 4,894.00M 6,274.00M 5,815.00M 6,097.00M 4,898.00M 5,903.00M 3,991.00M 3,263.00M 3,398.00M 3,395.00M 2,820.00M 2,530.00M 2,692.00M 3,066.00M 2,831.00M 2,384.00M 2,818.00M 2,723.00M 2,748.00M 2,625.00M 2,401.00M 2,315.00M
Capital Expenditure -11,376.00M -9,022.00M -8,955.00M -9,095.00M -7,923.00M -7,240.00M -7,441.00M -7,555.00M -8,001.00M -7,423.00M -7,310.00M -7,393.00M -5,977.00M -5,463.00M -4,809.00M -4,525.00M -4,086.00M -4,670.00M -3,961.00M -3,545.00M -2,994.00M -2,370.00M -2,110.00M -2,002.00M -2,717.00M -2,617.00M -2,225.00M -2,560.00M -2,005.00M -1,859.00M -1,229.00M -1,401.00M
Free Cash Flow -1,998.00M 406.00M 833.00M -1,542.00M -1,621.00M -1,071.00M -745.00M -1,774.00M -1,056.00M -1,028.00M -2,416.00M -1,119.00M -162.00M 634.00M 89.00M 1,378.00M -95.00M -1,407.00M -563.00M -150.00M -174.00M 160.00M 582.00M 1,064.00M 114.00M -233.00M 593.00M 163.00M 743.00M 766.00M 1,172.00M 914.00M

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 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 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
EBITDA 19,828.00M 18,372.00M 18,608.00M 16,694.00M 14,691.00M 14,220.00M 13,802.00M 12,934.00M 13,165.00M 13,372.00M 11,453.00M 10,073.00M 9,729.00M 9,568.00M 9,309.00M 8,897.00M 12,025.00M 10,903.00M 11,198.00M 10,468.00M 10,082.00M 9,726.00M 8,848.00M 6,576.00M 6,336.00M 6,319.00M 6,301.00M 5,958.00M 6,460.00M 6,959.00M 6,488.00M 6,071.00M
(-) Tax Adjustment 3,885.52M 2,995.00M 3,448.30M 1,905.69M 2,765.65M 1,473.89M 1,551.54M 3,554.77M 2,150.27M 1,777.93M 3,129.83M 3,314.18M 3,159.98M 3,174.38M 3,258.15M 3,110.25M 4,024.02M 3,751.57M 3,764.21M 3,402.41M 3,342.10M 2,647.29M 2,448.48M 1,929.30M 1,812.25M 2,102.57M 2,205.35M 2,085.30M 2,261.00M 2,435.65M 0.00M 2,124.85M
(-) Change In Working Capital 1,042.00M 337.00M 1,421.00M -135.00M 160.00M -990.00M -389.00M 162.00M 276.00M -996.00M 858.00M -187.00M 614.00M 152.00M -451.00M 573.00M -59.00M -45.00M -263.00M 125.00M -483.00M -1,003.00M -538.00M -1.00M 224.00M 120.00M -70.00M -44.00M -62.00M 158.00M -137.00M -73.00M
(-) Capital Expenditure -11,376.00M -9,022.00M -8,955.00M -9,095.00M -7,923.00M -7,240.00M -7,441.00M -7,555.00M -8,001.00M -7,423.00M -7,310.00M -7,393.00M -5,977.00M -5,463.00M -4,809.00M -4,525.00M -4,086.00M -4,670.00M -3,961.00M -3,545.00M -2,994.00M -2,370.00M -2,110.00M -2,002.00M -2,717.00M -2,617.00M -2,225.00M -2,560.00M -2,005.00M -1,859.00M -1,229.00M -1,401.00M
Unlevered Free Cash Flow 3,524.48M 6,018.00M 4,783.70M 5,828.31M 3,842.35M 6,496.11M 5,198.46M 1,662.23M 2,737.73M 5,167.07M 155.17M -447.18M -21.98M 778.62M 1,692.85M 688.75M 3,973.98M 2,526.43M 3,735.79M 3,395.59M 4,228.90M 5,711.71M 4,827.52M 2,645.70M 1,582.75M 1,479.43M 1,940.65M 1,356.70M 2,256.00M 2,506.35M 5,396.00M 2,618.15M
(-) Net Interest Income After Taxes -2,441.06M -2,247.29M -2,234.69M -2,166.78M -1,641.35M -1,646.60M -1,616.29M -1,258.88M -1,541.14M -1,468.77M -957.10M -563.63M -563.79M -537.92M -532.35M -543.75M -595.50M -578.52M -552.99M -567.65M -551.52M -517.48M -443.37M -346.95M -335.57M -353.65M -399.10M -323.05M -262.60M -446.55M -610.00M -406.25M
Net Debt Issuance 8,492.00M 2,594.00M 2,969.00M 4,371.00M 4,137.00M 4,765.00M 2,268.00M 13.00M -2,579.00M 3,127.00M 13,973.00M 3,998.00M 1,677.00M 770.00M 1,205.00M 111.00M 185.00M 1,502.00M 1,904.00M 1,260.00M 881.00M 323.00M 434.00M 119.00M 576.00M 1,037.00M 53.00M 927.00M 374.00M 2,038.00M -793.00M 1,467.00M
Levered Free Cash Flow 14,457.55M 10,859.29M 9,987.39M 12,366.09M 9,620.70M 12,907.71M 9,082.75M 2,934.10M 1,699.87M 9,762.84M 15,085.27M 4,114.45M 2,218.81M 2,086.55M 3,430.20M 1,343.50M 4,754.48M 4,606.95M 6,192.78M 5,223.24M 5,661.42M 6,552.19M 5,704.89M 3,111.65M 2,494.32M 2,870.08M 2,392.75M 2,606.75M 2,892.60M 4,990.90M 5,213.00M 4,491.40M