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Definitive Analysis

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Industry Analysis

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Industry Enterprise Value

Metric MRQ 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 1995
Stock Price 22.86 11.50 9.43 9.31 9.72 9.80 10.40 9.84 11.03 9.41 10.28 10.41 10.59 7.85 7.99 9.37 7.93 8.07 11.27 12.53 10.57 10.41 11.57 11.79 14.76 13.82 11.46 12.76 16.23 13.59 14.14
Market Capitalization 10,748.15M 6,210.97M 5,128.93M 5,030.78M 5,261.10M 4,203.76M 4,958.84M 4,905.32M 5,707.67M 5,033.87M 5,603.27M 5,164.42M 5,145.88M 4,205.04M 3,708.18M 4,473.47M 4,164.64M 4,061.03M 5,252.35M 6,562.32M 6,117.17M 6,812.52M 5,937.67M 5,263.18M 5,240.97M 4,033.05M 3,208.26M 3,581.89M 3,586.05M 2,629.68M 1,733.29M
(-) Cash & Equivalents 4,136.11M 2,542.46M 2,211.45M 2,122.43M 2,334.62M 2,062.16M 1,784.43M 1,507.72M 1,195.69M 1,592.89M 1,455.06M 1,433.32M 1,263.13M 1,321.17M 1,613.47M 1,010.21M 1,299.02M 1,071.60M 1,226.82M 1,308.62M 905.18M 819.69M 919.44M 696.44M 694.37M 550.10M 202.24M 171.25M 70.96M 17.30M 7.26M
(+) Total Debt 3,189.32M 2,437.09M 2,349.88M 2,187.21M 1,999.67M 1,979.91M 1,908.88M 1,627.05M 1,620.13M 1,769.32M 1,748.48M 1,628.09M 1,488.21M 1,501.08M 1,323.28M 1,394.25M 1,398.90M 1,053.32M 1,261.76M 1,171.25M 846.83M 873.39M 811.69M 683.49M 780.04M 701.50M 369.57M 390.07M 429.56M 271.71M 391.53M
Enterprise Value 9,371,060,905.28 7,296,982,732.93 5,586,632,141.91 5,372,455,445.47 5,883,724,577.96 4,830,828,833.11 5,703,954,159.68 5,702,299,844.75 6,365,342,068.79 6,530,034,383.15 5,940,549,430.85 5,087,207,610.42 4,937,946,203.53 4,082,208,965.49 3,774,619,137.99 4,988,065,679.56 6,631,137,974.76 4,976,128,869.30 7,348,027,860.16 8,525,696,149.96 8,346,848,864.27 6,849,087,739.53 7,012,780,461.57 6,326,399,757.97 5,981,670,548.31 5,857,706,886.97 3,543,169,717.79 4,065,767,066.21 3,901,895,072.26 2,707,515,766.18 2,063,280,735.69

Industry Income Statement

Metric TTM 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 1995
Revenue 10,701.64M 7,620.49M 6,515.83M 5,642.66M 8,815.57M 7,753.02M 8,919.62M 7,664.70M 7,362.95M 7,434.44M 8,000.71M 7,835.91M 6,995.52M 6,152.73M 7,275.76M 7,428.88M 6,576.74M 5,273.48M 6,255.87M 7,072.56M 4,945.89M 3,973.70M 4,267.55M 5,069.79M 4,852.31M 4,585.62M 3,431.36M 3,051.56M 1,999.65M 2,137.37M 2,155.30M
Cost of Revenue 864.68M 650.39M 537.13M 427.09M 751.84M 676.74M 809.45M 630.61M 268.59M 392.29M 409.28M 676.93M 343.67M 775.66M 705.51M 592.14M 492.79M 661.66M 661.24M 798.46M 552.94M 607.06M 586.63M 906.92M 449.82M 414.99M 690.30M 676.38M 412.43M 417.20M 439.85M
Gross Profit 9,836.97M 6,970.10M 5,978.71M 5,215.56M 8,063.73M 7,076.28M 8,110.17M 7,034.09M 7,094.36M 7,042.15M 7,591.43M 7,158.98M 6,651.85M 5,377.07M 6,570.25M 6,836.74M 6,083.95M 4,611.82M 5,594.63M 6,274.10M 4,392.94M 3,366.64M 3,680.92M 4,162.87M 4,402.49M 4,170.64M 2,741.07M 2,375.18M 1,587.22M 1,720.16M 1,715.45M
Gross Margin 91.9% 91.5% 91.8% 92.4% 91.5% 91.3% 90.9% 91.8% 96.4% 94.7% 94.9% 91.4% 95.1% 87.4% 90.3% 92.0% 92.5% 87.5% 89.4% 88.7% 88.8% 84.7% 86.3% 82.1% 90.7% 91.0% 79.9% 77.8% 79.4% 80.5% 79.6%
R&D Expenses 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
SG&A Expenses 215.41M 206.45M 230.97M 289.03M 339.60M 300.41M 258.04M 272.31M 282.56M 285.16M 494.54M 641.15M 633.02M 390.70M 429.30M 607.94M 431.87M 468.53M 413.26M 520.76M 361.20M 454.77M 373.24M 364.08M 407.72M 322.97M 9.55M 8.71M 8.25M 100.12M 0.25M
Operating Expenses 215.41M 206.45M 230.97M 289.03M 339.60M 300.41M 258.04M 272.31M 282.56M 285.16M 494.54M 641.15M 633.02M 390.70M 429.30M 607.94M 431.87M 468.53M 413.26M 520.76M 361.20M 454.77M 373.24M 364.08M 407.72M 322.97M 9.55M 8.71M 8.25M 100.12M 0.25M
Operating Income 9,621.56M 6,763.65M 5,747.74M 4,926.53M 7,724.13M 6,775.87M 7,852.13M 6,761.78M 6,811.80M 6,756.99M 7,096.89M 6,517.83M 6,018.83M 4,986.37M 6,140.95M 6,228.80M 5,652.09M 4,143.29M 5,181.37M 5,753.33M 4,031.75M 2,911.88M 3,307.68M 3,798.79M 3,994.76M 3,847.67M 2,731.52M 2,366.47M 1,578.97M 1,620.04M 1,715.19M
Operating Margin 89.9% 88.8% 88.2% 87.3% 87.6% 87.4% 88.0% 88.2% 92.5% 90.9% 88.7% 83.2% 86.0% 81.0% 84.4% 83.8% 85.9% 78.6% 82.8% 81.3% 81.5% 73.3% 77.5% 74.9% 82.3% 83.9% 79.6% 77.5% 79.0% 75.8% 79.6%
Interest Income 79.02M 393.76M 307.48M 377.31M 358.57M 129.43M 196.68M 176.76M 154.27M 238.62M 195.58M 149.20M 160.45M 146.12M 90.48M 111.64M 56.12M 9.84M 3.34M 3.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Interest Expense 116.03M 86.53M 106.24M 99.30M 85.39M 73.68M 78.12M 62.75M 74.95M 83.73M 84.32M 84.92M 90.78M 93.62M 103.04M 98.04M 88.26M 68.09M 64.51M 71.94M 35.08M 29.72M 46.60M 48.31M 34.69M 36.97M 23.18M 24.09M 23.43M 37.51M 37.82M
Net Interest Income -37.01M 307.23M 201.24M 278.01M 273.18M 55.75M 118.55M 114.01M 79.32M 154.89M 111.26M 64.28M 69.67M 52.51M -12.57M 13.60M -32.13M -58.25M -61.17M -68.93M -35.08M -29.72M -46.60M -48.31M -34.69M -36.97M -23.18M -24.09M -23.43M -37.51M -37.82M
Other Income / Expense -8,418.19M -5,962.83M -5,361.95M -4,698.60M -7,155.99M -6,503.87M -7,391.51M -6,284.06M -6,360.29M -6,393.02M -6,571.74M -6,020.31M -5,711.03M -4,653.98M -5,838.95M -5,791.78M -5,220.76M -3,912.97M -4,432.32M -5,008.67M -3,513.84M -2,359.23M -2,749.78M -3,413.56M -3,531.51M -3,382.35M -2,371.06M -2,029.19M -1,407.85M -1,339.32M -1,486.07M
Pre-Tax Income 1,166.36M 1,108.05M 587.03M 505.95M 841.32M 327.76M 579.17M 591.73M 530.84M 518.86M 636.41M 561.80M 377.47M 384.90M 289.43M 450.62M 399.19M 172.07M 687.88M 675.73M 482.83M 522.93M 511.31M 336.92M 428.55M 428.35M 337.28M 313.19M 147.69M 243.22M 191.30M
Pre-Tax Margin 10.9% 14.5% 9.0% 9.0% 9.5% 4.2% 6.5% 7.7% 7.2% 7.0% 8.0% 7.2% 5.4% 6.3% 4.0% 6.1% 6.1% 3.3% 11.0% 9.6% 9.8% 13.2% 12.0% 6.6% 8.8% 9.3% 9.8% 10.3% 7.4% 11.4% 8.9%
Income Tax Expense 163.32M 175.17M 92.22M 88.83M 143.62M 60.18M 88.03M 104.70M 78.16M 121.79M 155.54M 134.82M 121.75M 80.63M 87.53M 94.08M 82.28M 24.36M 165.25M 167.44M 127.63M 139.47M 133.00M 89.87M 64.14M 126.52M 81.67M 85.77M 49.83M 86.08M 79.96M
Tax Rate 14.0% 15.8% 15.7% 17.6% 17.1% 18.4% 15.2% 17.7% 14.7% 23.5% 24.4% 24.0% 32.3% 20.9% 30.2% 20.9% 20.6% 14.2% 24.0% 24.8% 26.4% 26.7% 26.0% 26.7% 15.0% 29.5% 24.2% 27.4% 33.7% 35.0% 35.0%
Net Income 1,003.04M 932.88M 494.81M 417.12M 697.70M 267.58M 491.14M 487.03M 452.68M 397.07M 480.88M 426.98M 255.72M 304.27M 201.90M 356.54M 316.92M 147.70M 522.64M 508.28M 355.20M 383.46M 378.30M 247.05M 364.41M 301.83M 255.61M 227.42M 97.86M 157.14M 111.35M
Net Margin 9.4% 12.2% 7.6% 7.4% 7.9% 3.5% 5.5% 6.4% 6.1% 5.3% 6.0% 5.4% 3.7% 4.9% 2.8% 4.8% 4.8% 2.8% 8.4% 7.2% 7.2% 9.6% 8.9% 4.9% 7.5% 6.6% 7.4% 7.5% 4.9% 7.4% 5.2%
EBIT 9,621.56M 6,763.65M 5,747.74M 4,926.53M 7,724.13M 6,775.87M 7,852.13M 6,761.78M 6,811.80M 6,756.99M 7,096.89M 6,517.83M 6,018.83M 4,986.37M 6,140.95M 6,228.80M 5,652.09M 4,143.29M 5,181.37M 5,753.33M 4,031.75M 2,911.88M 3,307.68M 3,798.79M 3,994.76M 3,847.67M 2,731.52M 2,366.47M 1,578.97M 1,620.04M 1,715.19M
Depreciation & Amortization 19.06M 60.11M 38.90M 42.05M 66.11M 36.30M 54.18M 41.72M 40.17M 32.38M 46.86M 39.52M 27.46M 32.13M 38.77M 30.84M 36.35M 33.53M 61.90M 94.36M 43.32M 95.74M 114.17M 152.80M 41.02M 55.92M 14.52M 17.58M 15.15M 15.74M 3.68M
EBITDA 9,640.62M 6,823.76M 5,786.64M 4,968.59M 7,790.25M 6,812.17M 7,906.31M 6,803.50M 6,851.97M 6,789.37M 7,143.75M 6,557.35M 6,046.29M 5,018.50M 6,179.72M 6,259.65M 5,688.44M 4,176.82M 5,243.27M 5,847.70M 4,075.06M 3,007.62M 3,421.86M 3,951.59M 4,035.78M 3,903.60M 2,746.04M 2,384.06M 1,594.12M 1,635.78M 1,718.88M
EBITDA Margin 90.1% 89.5% 88.8% 88.1% 88.4% 87.9% 88.6% 88.8% 93.1% 91.3% 89.3% 83.7% 86.4% 81.6% 84.9% 84.3% 86.5% 79.2% 83.8% 82.7% 82.4% 75.7% 80.2% 77.9% 83.2% 85.1% 80.0% 78.1% 79.7% 76.5% 79.8%
NOPAT 8,274.29M 5,694.38M 4,844.81M 4,061.59M 6,405.58M 5,531.82M 6,658.64M 5,565.35M 5,808.83M 5,170.93M 5,362.45M 4,953.73M 4,077.52M 3,941.82M 4,283.86M 4,928.37M 4,487.15M 3,556.63M 3,936.67M 4,327.68M 2,966.03M 2,135.26M 2,447.28M 2,785.52M 3,396.86M 2,711.19M 2,070.09M 1,718.42M 1,046.26M 1,053.03M 1,114.88M
NOPAT Margin 77.3% 74.7% 74.4% 72.0% 72.7% 71.4% 74.7% 72.6% 78.9% 69.6% 67.0% 63.2% 58.3% 64.1% 58.9% 66.3% 68.2% 67.4% 62.9% 61.2% 60.0% 53.7% 57.3% 54.9% 70.0% 59.1% 60.3% 56.3% 52.3% 49.3% 51.7%
Owner's Earnings 1,022.10M 992.99M 533.71M 459.17M 763.82M 303.88M 545.32M 528.75M 492.85M 429.45M 527.73M 466.50M 283.18M 336.40M 240.67M 387.39M 353.26M 181.23M 584.53M 602.65M 398.52M 479.20M 492.48M 399.85M 405.43M 357.75M 270.13M 245.01M 113.01M 172.87M 115.03M
Owner's Earnings Margin 9.6% 13.0% 8.2% 8.1% 8.7% 3.9% 6.1% 6.9% 6.7% 5.8% 6.6% 6.0% 4.0% 5.5% 3.3% 5.2% 5.4% 3.4% 9.3% 8.5% 8.1% 12.1% 11.5% 7.9% 8.4% 7.8% 7.9% 8.0% 5.7% 8.1% 5.3%
EPS 0.91 0.69 0.36 0.32 0.54 0.24 0.42 0.48 0.46 0.35 0.48 0.45 0.28 0.31 0.20 0.28 0.25 0.18 0.70 0.65 0.44 0.48 0.67 0.44 0.85 0.68 0.58 0.56 0.23 0.40 0.70
EPS (Diluted) 0.91 0.69 0.36 0.32 0.54 0.24 0.42 0.48 0.46 0.35 0.48 0.45 0.28 0.31 0.20 0.28 0.25 0.18 0.70 0.65 0.44 0.48 0.67 0.44 0.85 0.68 0.58 0.56 0.23 0.40 0.70
Shares (Diluted) 1,103.84M 1,348.80M 1,385.15M 1,298.28M 1,297.22M 1,121.03M 1,171.54M 1,018.54M 985.30M 1,138.92M 992.89M 957.41M 909.13M 994.54M 1,001.86M 1,291.81M 1,274.02M 821.60M 743.00M 777.78M 816.23M 803.31M 564.11M 558.40M 428.05M 446.44M 439.58M 404.42M 417.24M 397.12M 158.17M

Industry Balance Sheet

Metric MRQ 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 1995
Cash & Cash Equivalents 4,252.54M 2,542.46M 2,211.45M 2,026.67M 2,222.17M 2,013.54M 1,784.43M 1,507.72M 1,244.16M 1,592.89M 1,455.06M 1,433.32M 1,283.01M 1,321.17M 1,613.47M 1,010.21M 1,299.02M 1,071.60M 1,226.82M 1,308.62M 905.18M 846.37M 919.44M 696.44M 794.27M 550.10M 202.24M 171.25M 70.96M 17.30M 7.26M
Short-Term Investments 7,487.17M 4,517.11M 4,869.45M 10,908.87M 14,085.42M 14,339.51M 12,262.40M 4,994.29M 4,238.25M 3,720.08M 4,542.45M 3,430.17M 3,368.16M 3,776.74M 430.83M 307.73M 944.23M 910.39M 176.33M 768.94M 547.20M 502.79M 54.48M 107.26M 281.73M 120.22M 34.88M 14.49M 34.94M 88.22M 29.33M
Cash & Short-Term Investments 11,739.71M 7,059.57M 7,080.90M 12,935.54M 16,307.59M 16,353.06M 14,046.83M 6,502.01M 5,482.41M 5,312.96M 5,997.51M 4,863.49M 4,651.17M 5,097.90M 2,044.30M 1,317.94M 2,243.26M 1,981.99M 1,403.14M 2,077.56M 1,452.38M 1,349.16M 973.91M 803.70M 1,076.01M 670.31M 237.12M 185.75M 105.91M 105.52M 36.60M
Net Receivables 1,156.97M 1,452.80M 688.75M 1,204.44M 1,331.83M 334.36M 190.59M 23.94M 87.24M 89.75M 130.57M 39.75M 74.04M 97.29M 40.68M 17.23M 33.15M 29.00M 50.86M 86.43M 51.10M 38.86M 150.08M 130.05M 91.23M 82.32M 85.37M 95.37M 223.42M 144.05M 91.98M
Inventory 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
Other Current Assets -8,082.85M -1,176.62M -387.74M -1,538.07M -1,388.17M -331.37M 4.89M 73.39M 58.00M 106.87M 7.18M 0.10M 0.00M 5.36M 2.29M 3.18M 4.62M 6.44M 43.09M 1.63M 4.97M 3.29M 0.00M 0.00M 1,007.36M 473.77M 399.17M 184.84M 2,351.47M 42.82M 47.68M
Total Current Assets 4,813.83M 7,335.75M 7,381.91M 12,601.92M 16,251.25M 16,356.05M 14,242.30M 6,599.35M 5,627.64M 5,509.59M 6,135.26M 4,903.33M 4,725.21M 5,200.55M 2,087.27M 1,338.36M 2,281.03M 2,017.44M 1,497.09M 2,165.62M 1,508.45M 1,391.31M 1,123.99M 933.74M 2,174.60M 1,226.40M 721.65M 465.95M 2,680.79M 292.39M 176.26M
Property, Plant & Equipment 293.88M 277.37M 262.29M 226.41M 263.43M 254.99M 260.93M 216.72M 226.87M 283.78M 295.77M 229.58M 210.32M 195.29M 208.74M 186.56M 176.69M 135.22M 196.18M 154.37M 287.26M 376.96M 393.89M 286.02M 283.70M 294.85M 263.90M 251.83M 189.53M 158.13M 51.92M
Goodwill 108.24M 146.13M 142.85M 138.97M 111.52M 112.66M 136.18M 113.06M 124.44M 125.38M 125.46M 123.67M 135.64M 126.82M 85.62M 77.64M 81.42M 55.76M 106.59M 245.08M 97.28M 99.44M 97.50M 106.52M 141.13M 177.07M 120.11M 130.42M 158.27M 104.94M 130.06M
Intangible Assets 178.26M 310.63M 306.76M 244.17M 352.05M 325.51M 294.86M 713.92M 652.66M 638.33M 533.72M 612.71M 568.30M 437.59M 97.94M 92.48M 68.28M 95.41M 66.77M 57.83M 20.76M 176.97M 48.19M 335.90M 0.58M 260.01M 3.90M 0.77M 0.78M 2.45M 2.74M
Long-Term Investments 19,991.66M 52,416.89M 31,803.41M 37,885.11M 39,610.12M 33,343.83M 33,825.39M 27,124.48M 25,691.09M 24,213.54M 24,959.15M 23,973.76M 22,692.13M 24,869.68M 23,064.19M 21,497.33M 20,416.96M 14,403.85M 19,149.42M 20,943.68M 14,245.60M 11,131.12M 11,863.32M 12,611.80M 9,436.92M 7,687.03M 4,308.67M 3,623.69M 3,745.70M 2,963.03M 1,453.72M
Tax Assets 153.11M 70.58M 173.75M 282.36M 85.63M 129.43M 57.35M 80.59M 40.13M 45.36M 32.60M 10.76M 16.86M 62.57M 49.38M 58.93M 28.47M 108.87M 18.44M 18.57M 22.04M 20.30M 4.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets -22,680.99M 12,174.20M 5,952.54M -8,057.51M -3,251.06M -3,369.99M -4,982.50M -2,068.63M -1,419.71M 1,408.09M 726.10M 3,019.41M -72.26M -7,251.62M -8,657.55M -6,355.97M -14,179.97M -4,873.03M -12,714.13M -14,397.91M -12,620.44M -6,089.03M -8,455.64M -10,645.56M -7,437.30M -7,262.30M -2,756.80M -2,481.71M -2,436.29M -1,749.87M -1,510.24M
Other Assets 157,427.88M 9,532.70M 7,923.91M 14,890.45M 8,152.62M 7,356.58M 8,665.84M 3,145.59M 6,287.04M 3,773.70M 6,046.00M 6,068.91M 6,475.56M 8,957.84M 6,549.40M 6,631.30M 5,268.68M 4,888.18M 8,120.19M 11,414.85M 7,415.64M 7,275.55M 9,006.54M 13,515.89M 14,170.65M 15,984.13M 3,695.80M 4,183.05M 1,640.00M 1,476.55M 841.99M
Total Non-Current Assets 155,472.06M 74,928.50M 46,565.51M 45,609.96M 45,324.31M 38,153.01M 38,258.04M 29,325.74M 31,602.54M 30,488.17M 32,718.79M 34,038.79M 30,026.54M 27,398.18M 21,397.71M 22,188.27M 11,860.53M 14,814.24M 14,943.46M 18,436.48M 9,468.14M 12,991.32M 12,958.11M 16,210.58M 16,595.67M 17,140.79M 5,635.59M 5,708.05M 3,297.99M 2,955.23M 970.20M
Total Assets 160,285.88M 82,264.25M 53,947.42M 58,211.88M 61,575.56M 54,509.06M 52,500.34M 35,925.08M 37,230.18M 35,997.76M 38,854.05M 38,942.13M 34,751.75M 32,598.72M 23,484.98M 23,526.63M 14,141.56M 16,831.68M 16,440.55M 20,602.10M 10,976.59M 14,382.63M 14,082.10M 17,144.32M 18,770.27M 18,367.20M 6,357.24M 6,173.99M 5,978.78M 3,247.62M 1,146.46M
Accounts Payable 47.99M 91.21M 147.24M 221.37M 270.09M 224.94M 284.34M 122.60M 157.91M 134.58M 149.45M 115.26M 105.89M 89.14M 70.14M 69.11M 79.12M 54.72M 107.44M 220.61M 20.49M 14.90M 3.69M 0.91M 0.36M 1.51M 0.00M 1.48M 1.28M 0.48M 0.35M
Short-Term Debt 375.23M 191.02M 224.61M 298.04M 128.89M 85.84M 78.33M 9.15M 81.25M 24.82M 16.53M 11.65M 14.03M 23.50M 48.32M 46.91M 75.77M 42.98M 52.94M 89.65M 115.23M 112.47M 52.51M 116.79M 57.22M 118.68M 115.59M 87.65M 115.22M 27.26M 59.73M
Tax Payables 14.87M 49.76M 41.37M 58.01M 76.47M 45.57M 52.60M 90.39M 119.71M 93.47M 118.87M 62.16M 61.85M 72.91M 31.36M 34.83M 37.78M 5.20M 21.10M 28.04M 4.52M 8.00M 13.09M 1.91M 1.28M 100.65M 103.10M 33.19M 139.09M 84.87M 111.77M
Deferred Revenue 0.00M 0.00M 0.00M 6.24M 7.69M 6.03M 17.04M 1.15M 5.15M 4.63M 1.18M 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
Other Current Liabilities -1,169.98M 1,399.36M -27.01M -499.23M -651.40M -282.39M -633.72M -684.40M -938.72M -879.55M -791.29M -247.87M -321.64M -127.39M -435.35M -155.20M -275.41M -78.44M -170.57M -504.72M -199.65M -169.90M -94.32M -176.49M -102.91M -233.02M 44.61M -257.07M -228.32M -42.58M -23.83M
Total Current Liabilities -731.88M 1,731.35M 386.20M 84.43M -168.26M 79.98M -201.42M -461.11M -574.70M -622.04M -505.27M -58.79M -139.88M 58.17M -285.54M -4.35M -82.73M 24.46M 10.91M -166.42M -59.41M -34.53M -25.03M -56.88M -44.05M -12.17M 263.29M -134.76M 27.26M 70.03M 148.01M
Long-Term Debt 3,038.16M 2,010.99M 2,162.75M 1,734.20M 1,876.29M 1,515.55M 1,546.26M 1,350.38M 1,181.42M 1,454.90M 1,330.85M 1,159.66M 1,287.98M 1,377.01M 1,268.64M 997.78M 971.49M 850.71M 1,047.39M 921.42M 595.42M 708.40M 584.19M 515.15M 650.21M 389.44M 277.70M 297.45M 257.21M 239.31M 295.75M
Capital Lease Obligations 0.00M 16.33M 30.65M 33.94M 35.85M 23.12M 40.77M 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
Deferred Tax Liabilities 47.74M 118.89M 79.03M 73.63M 105.30M 124.84M 111.30M 77.18M 127.95M 124.80M 153.70M 104.54M 67.37M 145.58M 90.43M 62.98M 72.88M 42.57M 224.61M 255.08M 184.10M 155.65M 197.71M 172.82M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.65M
Other Non-Current Liabilities -2,663.28M 57,910.82M 23,789.81M 18,838.12M 14,522.52M 2,100.40M 1,574.78M 9,614.74M 3,955.97M 9,656.18M 8,646.08M 8,153.51M 7,871.76M 4,272.49M -870.43M 91.67M -803.28M 132.67M -430.56M -157.18M -237.28M -811.16M -638.32M -670.38M -639.27M -282.17M -196.23M -259.10M -216.88M -212.84M -266.38M
Total Non-Current Liabilities 422.62M 60,057.03M 26,062.23M 20,679.89M 16,539.97M 3,763.90M 3,273.11M 11,042.29M 5,265.34M 11,235.88M 10,130.63M 9,417.71M 9,227.11M 5,795.09M 488.64M 1,152.43M 241.09M 1,025.95M 841.44M 1,019.32M 542.24M 52.89M 143.58M 17.59M 10.95M 107.27M 81.47M 38.35M 40.33M 26.47M 30.02M
Total Liabilities -309.26M 61,788.38M 26,448.44M 20,764.32M 16,371.71M 3,843.88M 3,071.69M 10,581.18M 4,690.64M 10,613.83M 9,625.36M 9,358.92M 9,087.24M 5,853.25M 203.10M 1,148.08M 158.35M 1,050.41M 852.35M 852.90M 482.83M 18.35M 118.55M -39.29M -33.11M 95.10M 344.76M -96.41M 67.59M 96.50M 178.04M
Preferred Stock 0.00M 0.00M 0.01M 0.00M 0.00M 0.00M 0.11M 0.01M 0.00M 0.00M 0.00M 1.28M 9.26M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.21M 0.03M 17.38M 0.03M 0.03M 0.04M 0.13M 0.03M 0.03M 0.04M 0.18M 0.00M
Common Stock 528.91M 550.39M 507.14M 470.35M 453.58M 396.15M 405.53M 421.65M 419.16M 527.35M 556.92M 435.56M 384.66M 388.00M 369.68M 208.03M 284.45M 154.42M 265.11M 227.14M 285.64M 198.72M 140.84M 162.36M 151.16M 124.85M 55.42M 93.78M 63.73M 28.71M 30.10M
Retained Earnings 5,199.12M 4,126.76M 3,070.27M 3,057.70M 3,002.25M 2,576.77M 2,773.44M 2,422.27M 2,364.05M 2,050.42M 2,264.12M 1,924.64M 1,680.55M 1,352.87M 1,506.87M 1,228.52M 1,344.06M 1,315.95M 1,619.83M 1,358.30M 1,163.82M 1,025.51M 1,501.90M 1,728.44M 1,350.91M 1,234.93M 1,248.15M 756.61M 735.25M 764.28M 800.39M
Accumulated OCI -351.93M -543.37M -513.08M -489.52M 941.73M 895.51M 920.78M 200.05M 445.27M 462.57M 471.19M 288.06M 59.74M 44.87M 37.49M 16.67M -22.08M -77.64M 6.52M 29.40M 72.41M 114.35M 109.44M 228.06M 41.05M 28.23M -6.87M 116.42M 135.98M 59.80M 60.77M
Minority Interest 540.89M 427.25M 302.29M 223.61M 221.62M 207.37M 177.33M 161.84M 124.68M 105.65M 76.28M 120.07M 108.59M 79.19M 78.59M 68.65M 56.48M 18.13M 22.88M 43.15M 34.39M 26.65M 15.66M 128.27M 155.84M 197.87M 199.34M 145.28M 102.42M 146.74M 52.78M
Total Shareholders’ Equity 5,376.10M 4,133.78M 3,064.34M 3,038.53M 4,397.57M 3,868.43M 4,099.86M 3,043.97M 3,228.48M 3,040.34M 3,292.23M 2,649.54M 2,134.21M 1,785.74M 1,914.03M 1,453.22M 1,606.43M 1,392.74M 1,891.45M 1,615.05M 1,521.90M 1,355.97M 1,752.21M 2,118.90M 1,543.15M 1,388.14M 1,296.72M 966.85M 935.00M 852.96M 891.26M
Total Equity 5,916.99M 4,561.03M 3,366.62M 3,262.13M 4,619.18M 4,075.80M 4,277.18M 3,205.82M 3,353.16M 3,145.99M 3,368.51M 2,769.61M 2,242.80M 1,864.92M 1,992.62M 1,521.87M 1,662.91M 1,410.86M 1,914.33M 1,658.20M 1,556.28M 1,382.62M 1,767.87M 2,247.17M 1,699.00M 1,586.01M 1,496.07M 1,112.13M 1,037.41M 999.70M 944.04M
Total Liabilities & Equity 5,607.73M 66,349.41M 29,815.06M 24,026.45M 20,990.89M 7,919.69M 7,348.88M 13,786.99M 8,043.80M 13,759.83M 12,993.87M 12,128.53M 11,330.03M 7,718.18M 2,195.72M 2,669.96M 1,821.26M 2,461.28M 2,766.68M 2,511.10M 2,039.11M 1,400.97M 1,886.42M 2,207.88M 1,665.89M 1,681.11M 1,840.83M 1,015.72M 1,105.00M 1,096.20M 1,122.08M
Tangible Assets 159,999.37M 81,807.49M 53,497.81M 57,828.74M 61,111.99M 54,070.89M 52,069.30M 35,098.10M 36,453.07M 35,234.04M 38,194.87M 38,205.74M 34,047.81M 32,034.31M 23,301.43M 23,356.51M 13,991.85M 16,680.51M 16,267.19M 20,299.18M 10,858.55M 14,106.21M 13,936.40M 16,701.90M 18,628.56M 17,930.12M 6,233.23M 6,042.80M 5,819.73M 3,140.24M 1,013.66M
Tangible Equity 5,630.48M 4,104.27M 2,917.01M 2,878.99M 4,155.61M 3,637.63M 3,846.14M 2,378.83M 2,576.06M 2,382.27M 2,709.33M 2,033.22M 1,538.86M 1,300.51M 1,809.07M 1,351.75M 1,513.21M 1,259.69M 1,740.97M 1,355.29M 1,438.24M 1,106.20M 1,622.17M 1,804.75M 1,557.29M 1,148.94M 1,372.05M 980.94M 878.36M 892.32M 811.24M
Tangible Book Value 5,630,479,133.81 4,104,268,720.55 2,917,008,608.23 2,878,992,914.11 4,155,609,836.05 3,637,632,888.22 3,846,140,218.25 2,378,831,298.40 2,576,059,577.71 2,382,274,693.15 2,709,328,270.85 2,033,222,225.55 1,538,861,359.33 1,300,511,875.37 1,809,069,506.71 1,351,751,864.54 1,513,206,122.77 1,259,694,897.50 1,740,967,743.43 1,355,286,694.44 1,438,241,650.61 1,106,198,576.29 1,622,171,979.36 1,804,748,985.24 1,557,291,489.30 1,148,935,511.98 1,372,053,212.24 980,938,581.74 878,358,293.32 892,315,693.05 811,237,107.87
Total Investments 46,206.74M 61,000.49M 41,106.74M 53,272.97M 62,526.71M 45,972.61M 38,478.96M 34,157.54M 32,145.82M 31,562.47M 33,104.00M 28,454.68M 26,828.88M 27,249.49M 24,977.51M 22,653.06M 22,005.70M 15,798.53M 21,856.16M 22,488.60M 16,099.27M 13,129.62M 13,740.00M 14,373.22M 10,235.12M 8,290.98M 5,378.13M 4,749.88M 4,828.42M 3,908.87M 1,976.03M
Net Debt -839.14M -340.45M 175.90M 5.58M -216.98M -412.16M -159.84M -148.19M 18.51M -113.16M -107.68M -262.00M 19.00M 79.34M -296.51M 34.48M -251.76M -177.91M -126.49M -297.55M -194.53M -25.50M -282.73M -64.50M -86.84M -41.97M 191.05M 213.84M 301.46M 249.27M 348.22M

Industry Capital Metrics

Metric MRQ 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 1995
Working Capital 0.00M 1,390.05M 2,041.28M 6,084.14M 8,414.74M 7,002.14M 5,142.38M 6,883.47M 4,677.08M 2,968.77M 4,869.19M 3,702.84M 3,577.63M 3,445.62M 2,670.85M 628.49M 1,059.98M 2,198.35M 361.10M 1,368.07M 1,522.93M -233.74M 991.75M 1,080.55M 1,587.14M -1,051.82M -436.85M -274.95M 264.55M -1,006.62M -617.95M
Total Capital 13,487.65M 9,546.00M 7,898.46M 7,145.20M 8,772.46M 7,737.45M 7,801.06M 7,001.87M 7,175.56M 7,108.29M 7,578.16M 6,950.21M 6,124.03M 5,469.05M 5,282.07M 5,040.15M 4,850.46M 4,120.85M 5,209.58M 5,686.61M 3,938.97M 3,917.38M 3,957.62M 3,491.66M 3,874.47M 3,237.26M 2,086.75M 2,023.63M 1,871.15M 1,391.32M 1,489.96M
Capital Employed 161,187.81M 123,719.08M 108,288.10M 99,229.09M 94,182.26M 82,617.16M 96,121.80M 71,387.20M 65,428.48M 62,120.65M 71,331.38M 72,089.84M 52,622.81M 44,934.80M 45,860.81M 40,965.23M 38,148.81M 37,229.05M 36,821.04M 42,621.21M 32,284.59M 26,595.43M 29,406.01M 28,599.90M 30,356.87M 23,669.21M 14,978.15M 14,174.47M 9,668.14M 8,570.27M 7,400.25M
Invested Capital 9,235.11M 7,003.54M 5,687.01M 5,118.53M 6,550.29M 5,723.91M 6,016.63M 5,494.15M 5,931.40M 5,515.41M 6,123.10M 5,516.89M 4,841.01M 4,147.88M 3,668.60M 4,029.94M 3,551.43M 3,049.25M 3,982.76M 4,377.99M 3,033.79M 3,071.01M 3,038.18M 2,795.22M 3,080.19M 2,687.17M 1,884.51M 1,852.38M 1,800.18M 1,374.02M 1,482.70M

Industry Cash Flow

Metric TTM 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 1995
Depreciation & Amortization 31.78M 67.76M 41.28M 41.06M 58.93M 46.85M 53.14M 44.32M 40.37M 54.50M 37.79M 31.16M 27.40M 27.13M 27.13M 28.59M 34.35M 39.92M 30.54M 26.84M 23.71M 26.67M 22.87M 92.89M 37.00M 14.09M 14.65M 17.68M 15.86M 17.11M 8.76M
Deferred Income Tax 0.32M 0.00M 0.00M -0.10M -0.43M -0.52M -0.55M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.45M 0.58M -0.22M -0.02M 0.18M 0.10M -0.67M -2.46M -0.13M -0.25M -0.12M -0.30M
Stock-Based Compensation 1.26M 0.60M 2.57M 2.82M 4.68M 2.42M 4.15M 3.33M 2.86M 2.72M 2.54M 2.57M 2.38M 1.30M 0.22M 0.02M 0.01M 0.01M 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 449.47M 411.96M 447.57M -142.92M 576.31M 799.53M 866.30M 311.26M 578.08M 619.32M 570.10M 1,011.35M 528.95M 297.54M 110.32M 542.36M 289.83M 160.91M 341.44M 413.05M 392.62M 63.49M 118.64M 603.59M 109.76M 106.66M 5.34M -6.28M 44.40M 43.59M 478.78M
Accounts Receivable 0.00M -2.79M 7.56M -3.72M -0.99M -0.47M -1.27M -0.91M -0.95M -0.27M 0.14M -0.86M -5.10M -0.12M 0.00M 0.00M 0.00M 0.00M 0.00M 1.54M 0.32M 5.44M -2.40M -1.29M -1.18M -5.60M -6.12M -1.40M -1.37M -6.35M -4.53M
Inventory 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 40.09M 52.60M 52.89M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2.40M
Accounts Payable 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 34.37M 103.31M 88.31M 84.85M 87.97M 8.50M 76.61M 186.51M 18.70M 6.84M 20.53M 3.75M 2.04M
Other Working Capital 436.72M 498.55M 225.29M 166.23M 726.62M 873.48M 606.99M 322.98M 539.05M 496.52M 468.79M 871.40M 326.51M 45.73M 49.63M 124.46M 44.62M 54.57M 78.50M -4.00M -155.47M -161.65M -185.82M 27.56M 65.11M 91.78M 422.72M 169.05M 587.53M 587.26M 627.71M
Other Non-Cash Items 263.93M -23.92M 95.61M 823.95M 0.32M 369.00M 245.53M 271.76M 59.62M 193.14M -4.84M 25.41M 418.39M 182.84M 247.21M 135.28M 540.33M 1,048.84M 163.55M 274.14M 145.76M 336.84M 377.89M 230.55M 483.14M 93.84M -10.86M 103.44M 31.01M 71.06M 224.70M
Net Cash from Operating Activities 1,593.00M 1,620.13M 1,194.81M 1,134.52M 1,423.91M 1,390.44M 1,554.12M 1,139.05M 1,250.49M 1,327.09M 1,409.99M 1,488.83M 1,493.16M 1,176.81M 1,184.87M 1,471.86M 1,073.02M 1,214.05M 1,326.89M 1,615.23M 1,210.05M 1,117.50M 875.68M 803.84M 639.87M 698.15M 565.47M 357.40M 397.39M 361.33M 628.17M
Capital Expenditures (PPE) -20.68M -26.55M -28.46M -23.50M -31.76M -25.32M -39.73M -30.83M -32.27M -38.59M -35.41M -35.96M -37.75M -31.59M -32.01M -19.04M -26.34M -32.62M -50.40M -41.03M -26.87M -19.56M -12.40M -8.57M -12.45M -13.24M -11.32M -10.39M -10.27M -6.16M -2.81M
Acquisitions (Net) 0.01M -0.43M -7.24M -7.04M -11.90M -11.07M -3.02M -2.48M -11.48M -23.37M -0.64M -7.61M -53.66M -3.19M 4.28M -2.89M 2.55M 10.72M -9.86M -79.34M 3.58M 13.61M -0.77M -6.80M -0.42M 0.33M 0.36M -0.19M 0.34M 0.73M 0.48M
Purchases of Investments -3,978.32M -6,051.30M -7,552.18M -6,886.47M -8,726.20M -6,205.74M -7,326.37M -6,356.46M -7,117.03M -6,070.03M -6,068.12M -5,231.24M -4,861.18M -5,511.63M -4,830.35M -5,859.47M -6,107.14M -3,970.06M -5,822.52M -5,522.71M -4,645.48M -6,157.95M -7,151.34M -6,480.11M -3,658.60M -2,272.84M -1,984.47M -1,541.46M -1,950.35M -2,045.54M -1,519.41M
Sales / Maturities of Investments 3,570.62M 5,335.79M 7,190.49M 5,614.26M 7,564.08M 5,101.15M 5,815.68M 6,122.62M 6,649.38M 6,390.17M 6,229.31M 5,040.55M 4,287.33M 3,758.89M 3,523.31M 3,925.07M 4,005.47M 3,678.47M 4,928.13M 3,358.41M 3,522.71M 5,162.17M 8,655.40M 10,968.93M 3,477.77M 2,552.61M 1,763.63M 930.04M 1,058.70M 1,323.70M 1,021.01M
Other Investing Activities -40.37M 102.50M 2.59M -33.01M 5.37M 12.20M -68.73M -67.33M -53.07M -43.23M -96.61M 14.00M -53.83M 3.21M 28.28M -25.04M 185.39M 42.04M -121.67M 289.69M 48.88M -381.63M -196.30M -205.74M 10.28M -4.00M -22.38M -21.39M -91.50M 27.17M 33.58M
Net Cash from Investing Activities -2,525.57M -1,089.35M -895.10M -801.23M -1,200.81M -1,197.79M -1,281.77M -1,024.35M -1,224.72M -1,335.98M -1,379.34M -1,096.35M -1,201.44M -1,153.49M -768.22M -1,513.13M -1,103.41M -792.27M -1,218.42M -966.73M -1,089.16M -749.31M -897.15M -829.32M -631.91M -425.70M -444.25M -266.26M -317.81M -139.15M -356.37M
Net Debt Issuance 173.06M 120.42M -57.73M 26.90M 30.81M 81.69M 22.74M 65.12M -1.23M 49.68M -3.35M 57.46M 72.38M 48.06M 11.41M 77.51M 17.28M 13.62M 18.62M 72.03M 12.63M 18.71M 77.28M -17.14M 62.20M -19.32M 41.67M -49.23M 24.24M -42.12M 16.18M
Long-Term Debt Issuance 32.46M 115.44M -55.93M 30.66M 30.13M 108.43M 28.69M 70.48M -27.11M 31.00M 4.46M 58.89M 59.88M 47.70M 9.65M 53.33M 44.02M -1.08M 17.64M 78.03M 18.38M 36.12M 4.80M 1.11M 157.35M 25.13M -6.36M -39.71M 17.73M -40.86M 35.58M
Short-Term Debt Issuance 16.21M 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 -0.25M 0.00M 0.00M -0.70M 0.00M 0.00M 18.57M 0.00M 32.73M -0.97M 0.00M
Net Stock Issuance -137.53M -107.28M -60.88M -68.87M -14.41M -2.76M -50.34M -5.82M -12.09M -42.04M -59.49M -14.78M -5.60M -16.23M -4.11M 6.50M 21.58M 1.45M -6.96M -57.70M 7.02M 1.79M 18.18M -64.74M -52.48M -41.40M -45.71M 21.19M -28.56M -33.78M 0.97M
Common Stock Issuance 7.17M 2.75M 1.40M 3.84M 2.43M 4.23M 4.32M 2.46M 3.91M 5.29M 10.05M 8.09M 3.68M 10.97M 3.71M 13.41M 25.52M 8.23M 20.08M 15.06M 44.76M 23.33M 29.63M 6.57M 33.92M 11.61M 18.56M 9.42M 37.81M 3.55M 2.98M
Common Stock Repurchased -139.26M -109.33M -85.63M -112.48M -36.83M -39.32M -116.83M -13.17M -12.34M -49.20M -77.19M -33.42M -27.08M -30.71M -4.80M -0.35M -0.01M -18.16M -21.01M -17.77M -16.59M -74.77M -40.66M -106.24M -77.34M -47.62M -77.68M -37.56M -121.26M -40.12M -7.47M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.58M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -263.29M -191.10M -176.89M -148.89M -139.57M -107.27M -130.58M -124.89M -119.67M -106.53M -122.34M -71.28M -112.02M -86.43M -53.70M -63.97M -35.27M -114.11M -97.62M -98.36M -69.22M -82.41M -87.46M -84.45M -57.83M -51.71M -43.22M -37.12M -37.86M -46.90M -44.79M
Common Dividends Paid -228.74M -187.71M -175.02M -149.71M -140.27M -107.29M -132.89M -124.94M -119.71M -104.34M -122.21M -71.28M -111.96M -86.46M -53.69M -49.17M -34.97M -82.65M -80.82M -84.63M -46.56M -75.71M -78.02M -79.32M -53.59M -47.16M -38.99M -30.60M -32.75M -42.37M -39.86M
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 0.00M 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 451.94M 47.56M -0.01M 134.34M 3.80M 42.52M 87.97M 94.03M 57.14M 30.20M -3.55M 113.47M -1.52M 8.97M 4.09M 23.65M 81.15M 37.30M 9.25M -34.07M 32.00M 84.24M 86.86M 118.95M 147.77M -0.18M 23.08M 7.98M -11.37M -1.78M 52.07M
Net Cash from Financing Activities 267.38M -37.17M -175.76M -99.67M -128.51M 103.92M -160.37M -34.09M -201.08M -25.63M -153.28M 0.03M -9.44M -64.56M 13.10M 33.75M 159.59M -38.00M -40.85M -133.17M -12.07M 43.26M 217.24M -142.61M 179.47M -92.03M 16.21M -48.26M -38.54M -117.58M -14.19M
Effect of FX on Cash 11.83M 1.27M -0.49M 7.73M -3.64M -0.65M -1.90M 2.87M -1.16M -0.98M 7.74M -0.63M -7.39M -1.96M -0.63M -0.47M 0.05M -0.69M -6.69M -3.53M -11.21M -0.07M 0.00M 0.00M -0.02M -0.24M 0.00M 0.00M -0.18M 0.00M 0.14M
Net Change in Cash 288.62M 68.96M 124.85M 177.65M -90.63M 222.69M 150.00M 116.81M 55.81M -44.56M 246.56M 173.39M -10.54M 93.78M 224.35M -130.35M 81.84M 106.33M 83.96M 180.14M 150.82M 5.77M 156.06M 21.05M 92.98M 50.25M 65.49M 11.84M 45.36M 10.51M 1.35M
Cash at Beginning of Period 2,305.78M 2,363.10M 2,384.08M 2,335.90M 2,437.55M 1,844.81M 1,725.58M 1,537.69M 1,697.12M 1,769.51M 1,727.90M 1,361.89M 1,427.86M 1,496.66M 1,003.50M 1,481.77M 1,351.75M 1,195.97M 1,253.65M 1,048.48M 1,112.69M 747.77M 772.79M 975.11M 635.30M 521.03M 269.77M 344.11M 104.67M 78.14M 154.36M
Cash at End of Period 3,962.41M 2,747.11M 2,424.77M 2,241.48M 2,319.48M 2,121.41M 1,979.62M 1,660.93M 1,535.13M 1,791.43M 2,008.75M 1,704.24M 1,392.47M 1,432.31M 1,280.54M 1,300.22M 1,549.33M 1,517.31M 1,260.38M 1,570.39M 1,412.49M 923.21M 1,019.74M 789.63M 835.08M 655.02M 412.66M 302.87M 233.70M 118.64M 140.18M
Operating Cash Flow 1,511.65M 1,620.13M 1,194.94M 1,143.63M 1,426.62M 1,406.28M 1,554.12M 1,139.17M 1,250.49M 1,335.12M 1,409.99M 1,488.83M 1,522.21M 1,132.96M 1,184.87M 1,471.86M 1,077.92M 1,214.05M 1,326.89M 1,615.23M 1,210.05M 1,117.50M 875.68M 803.84M 639.87M 698.15M 565.47M 357.40M 397.39M 361.29M 628.17M
Capital Expenditure -20.28M -34.75M -30.83M -26.85M -32.59M -28.67M -40.41M -39.60M -32.76M -39.09M -35.97M -36.51M -38.24M -33.75M -33.27M -20.13M -25.77M -35.76M -50.40M -41.02M -26.81M -19.56M -12.37M -8.57M -12.45M -13.24M -11.32M -10.39M -10.27M -6.16M -2.81M
Free Cash Flow 1,552.62M 1,573.69M 1,170.61M 1,128.44M 1,403.72M 1,371.19M 1,445.92M 1,063.63M 1,165.71M 1,483.97M 1,345.11M 1,364.20M 1,398.52M 1,099.96M 1,154.08M 1,453.94M 1,030.37M 1,052.56M 1,194.58M 1,563.02M 1,142.30M 1,067.70M 856.28M 786.48M 634.80M 673.95M 555.98M 342.41M 389.85M 353.75M 476.49M

Industry Free Cash Flow

Metric TTM 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 1995
EBITDA 1,256.34M 935.14M 793.14M 598.64M 1,182.15M 452.66M 506.22M 724.45M 615.80M 578.51M 683.20M 537.46M 473.13M 547.60M 666.30M 624.55M 525.18M 283.75M 822.53M 1,064.55M 832.05M 640.01M 503.94M 479.40M 373.21M 387.87M 281.05M 224.67M 99.06M 267.66M 178.72M
(-) Tax Adjustment 175.92M 147.84M 124.60M 105.10M 201.80M 83.11M 76.94M 128.19M 90.67M 135.79M 166.97M 128.98M 152.60M 114.71M 201.50M 130.39M 108.24M 40.18M 197.59M 263.79M 219.94M 170.69M 131.09M 127.87M 55.86M 114.56M 68.06M 61.52M 33.42M 94.73M 74.70M
(-) Change In Working Capital 449.47M 411.96M 447.57M -142.92M 576.31M 799.53M 866.30M 311.26M 578.08M 619.32M 570.10M 1,011.35M 528.95M 297.54M 110.32M 542.36M 289.83M 160.91M 341.44M 413.05M 392.62M 63.49M 118.64M 603.59M 109.76M 106.66M 5.34M -6.28M 44.40M 43.59M 478.78M
(-) Capital Expenditure 20.28M 34.75M 30.83M 26.85M 32.59M 28.67M 40.41M 39.60M 32.76M 39.09M 35.97M 36.51M 38.24M 33.75M 33.27M 20.13M 25.77M 35.76M 50.40M 41.02M 26.81M 19.56M 12.37M 8.57M 12.45M 13.24M 11.32M 10.39M 10.27M 6.16M 2.81M
Unlevered Free Cash Flow 610.67M 340.59M 190.15M 609.61M 371.44M -458.65M -477.43M 245.41M -85.71M -215.70M -89.84M -639.37M -246.65M 101.60M 321.22M -68.33M 101.33M 46.90M 233.10M 346.69M 192.68M 386.26M 241.84M -260.64M 195.14M 153.41M 196.33M 159.04M 10.96M 123.18M -377.56M
(-) Net Interest Income After Taxes -31.83M 258.66M 169.63M 229.20M 226.55M 45.52M 100.53M 93.84M 67.64M 118.54M 84.07M 48.85M 47.20M 41.51M -8.77M 10.76M -25.51M -50.00M -46.47M -51.85M -25.81M -21.79M -34.48M -35.42M -29.50M -26.05M -17.57M -17.49M -15.53M -24.23M -22.01M
Net Debt Issuance 173.06M 120.42M -57.73M 26.90M 30.81M 81.69M 22.74M 65.12M -1.23M 49.68M -3.35M 57.46M 72.38M 48.06M 11.41M 77.51M 17.28M 13.62M 18.62M 72.03M 12.63M 18.71M 77.28M -17.14M 62.20M -19.32M 41.67M -49.23M 24.24M -42.12M 16.18M
Levered Free Cash Flow 815.55M 202.36M -37.21M 407.31M 175.70M -422.47M -555.22M 216.70M -154.58M -284.56M -177.25M -630.76M -221.47M 108.15M 341.40M -1.59M 144.13M 110.52M 298.19M 470.57M 231.12M 426.76M 353.60M -242.35M 286.84M 160.14M 255.56M 127.30M 50.73M 105.29M -339.37M