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Definitive Analysis

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Page: Industry Financials

KRSB.ME

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 32.65 24.83 22.88 24.26 25.83 24.23 25.02 20.59 21.79 20.15 20.71 21.00 17.40 18.19 16.90 16.70 15.24 13.44 17.11 17.79 14.87 13.17 12.86 11.45 12.11 15.13 12.84 16.20 15.06 14.23 15.41
Market Capitalization 16,328.51M 12,600.31M 10,370.40M 10,674.56M 10,900.71M 9,524.61M 9,893.90M 8,316.41M 8,545.14M 8,192.13M 7,850.64M 7,873.96M 6,407.59M 6,143.37M 6,132.81M 5,510.43M 5,257.42M 4,857.02M 6,118.59M 5,756.27M 4,475.83M 3,697.89M 3,852.02M 2,891.15M 3,320.41M 3,905.43M 3,108.61M 4,123.27M 3,768.42M 3,094.06M 3,244.74M
(-) Cash & Equivalents 388.52M 296.04M 276.54M 316.83M 282.86M 342.80M 281.84M 289.59M 297.67M 202.20M 266.08M 243.28M 252.40M 214.56M 215.01M 170.39M 207.68M 128.97M 132.59M 149.37M 133.45M 91.02M 143.02M 122.61M 120.50M 114.33M 104.03M 72.04M 63.21M 64.60M 81.44M
(+) Total Debt 17,066.34M 13,305.26M 12,352.74M 11,930.25M 11,610.38M 10,814.43M 8,237.37M 8,386.48M 7,567.18M 7,041.36M 6,326.09M 6,029.81M 5,703.72M 4,910.68M 4,543.34M 4,438.24M 3,793.09M 3,418.71M 3,352.33M 3,362.99M 3,056.90M 3,013.90M 3,560.02M 3,343.85M 3,202.97M 3,352.88M 3,059.16M 2,757.34M 2,646.32M 2,511.17M 2,443.12M
Enterprise Value 34,280,801,467.13 26,653,327,605.85 23,268,357,922.70 23,009,617,934.89 22,926,146,843.03 20,968,002,831.36 18,572,563,984.10 16,300,727,284.86 15,368,656,084.67 14,796,451,984.24 13,901,435,530.71 13,700,994,854.56 11,283,071,543.30 10,855,133,386.25 10,221,167,842.38 10,068,886,287.09 8,842,100,094.48 8,410,210,197.71 9,625,903,971.24 9,363,947,157.34 7,519,189,321.66 6,631,250,719.04 7,775,719,855.57 6,169,958,145.48 6,322,035,875.81 7,496,112,134.88 5,983,737,596.92 6,920,216,462.71 6,389,535,557.01 5,738,042,134.46 5,685,072,157.34

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 9,146.78M 8,039.86M 7,645.50M 8,575.72M 6,920.51M 6,246.65M 6,359.48M 6,545.87M 6,106.52M 5,673.29M 5,528.15M 5,792.41M 5,396.84M 5,221.92M 5,317.90M 5,040.70M 4,661.20M 5,138.43M 4,546.62M 4,347.10M 3,901.20M 3,602.79M 3,670.24M 3,540.40M 3,894.12M 3,874.96M 3,107.84M 3,461.71M 2,804.69M 2,671.40M 2,701.32M
Cost of Revenue 4,660.82M 4,290.35M 4,799.90M 5,448.54M 4,361.74M 3,879.00M 4,195.94M 4,137.46M 3,828.67M 3,568.70M 3,658.79M 3,905.34M 3,497.15M 3,382.50M 3,034.31M 2,652.80M 2,210.30M 2,607.06M 2,100.23M 1,976.55M 1,743.30M 1,476.31M 1,352.61M 1,238.43M 1,530.40M 1,334.35M 926.68M 887.36M 1,132.22M 961.55M 939.66M
Gross Profit 4,485.96M 3,749.51M 2,845.60M 3,127.18M 2,558.76M 2,367.65M 2,163.54M 2,408.41M 2,277.85M 2,104.59M 1,869.36M 1,887.07M 1,899.69M 1,839.42M 2,283.59M 2,387.90M 2,450.90M 2,531.37M 2,446.39M 2,370.55M 2,157.90M 2,126.47M 2,317.63M 2,301.97M 2,363.72M 2,540.61M 2,181.16M 2,574.35M 1,672.48M 1,709.85M 1,761.66M
Gross Margin 49.0% 46.6% 37.2% 36.5% 37.0% 37.9% 34.0% 36.8% 37.3% 37.1% 33.8% 32.6% 35.2% 35.2% 42.9% 47.4% 52.6% 49.3% 53.8% 54.5% 55.3% 59.0% 63.1% 65.0% 60.7% 65.6% 70.2% 74.4% 59.6% 64.0% 65.2%
R&D Expenses 0.00M 0.08M 0.15M 0.18M 0.15M 0.01M 0.09M 0.05M 0.06M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 64.78M 95.00M 79.82M 61.00M 45.49M 53.40M 49.33M 62.47M 56.19M 38.10M 41.71M 33.24M 32.47M 16.27M 25.79M 41.70M 42.46M 28.33M 22.62M 19.90M 12.32M 6.74M 2.76M 3.48M 1.59M 1.74M 1.36M 0.95M 0.79M 1.43M 1.21M
Operating Expenses 64.78M 95.08M 79.97M 61.17M 45.64M 53.41M 49.42M 62.52M 56.25M 38.10M 41.71M 33.24M 32.47M 16.27M 25.79M 41.70M 42.46M 28.33M 22.62M 19.90M 12.32M 6.74M 2.76M 3.48M 1.59M 1.74M 1.36M 0.95M 0.79M 1.43M 1.21M
Operating Income 4,421.18M 3,654.43M 2,765.62M 3,066.01M 2,513.13M 2,314.25M 2,114.12M 2,345.89M 2,221.60M 2,066.49M 1,827.65M 1,853.83M 1,867.21M 1,823.15M 2,257.80M 2,346.19M 2,408.44M 2,503.04M 2,423.77M 2,350.65M 2,145.58M 2,119.73M 2,314.87M 2,298.49M 2,362.13M 2,538.87M 2,179.80M 2,573.40M 1,671.69M 1,708.42M 1,760.45M
Operating Margin 48.3% 45.5% 36.2% 35.8% 36.3% 37.0% 33.2% 35.8% 36.4% 36.4% 33.1% 32.0% 34.6% 34.9% 42.5% 46.5% 51.7% 48.7% 53.3% 54.1% 55.0% 58.8% 63.1% 64.9% 60.7% 65.5% 70.1% 74.3% 59.6% 64.0% 65.2%
Interest Income 35.00M 46.48M 31.34M 25.14M 12.76M 22.06M 25.00M 22.28M 23.21M 25.96M 25.09M 18.61M 18.95M 18.97M 9.96M 10.62M 10.78M 17.47M 4.65M 5.40M 4.12M 1.66M 0.13M 0.20M 0.10M 0.22M 0.00M 0.00M 0.00M 0.00M 0.00M
Interest Expense 742.86M 614.69M 546.42M 472.25M 435.43M 439.27M 431.84M 359.18M 323.67M 310.27M 291.04M 296.54M 296.19M 263.04M 295.66M 270.11M 225.01M 227.59M 48.78M 52.59M 37.55M 26.64M 15.81M 1.35M 1.27M 1.29M 0.93M 1.21M 0.50M 0.66M 0.54M
Net Interest Income -707.86M -568.22M -515.08M -447.11M -422.68M -417.21M -406.84M -336.90M -300.47M -284.32M -265.94M -277.93M -277.24M -244.08M -285.70M -259.49M -214.23M -210.12M -44.12M -47.19M -33.43M -24.98M -15.69M -1.15M -1.16M -1.07M -0.93M -1.21M -0.50M -0.66M -0.54M
Other Income / Expense -2,472.90M -2,025.15M -1,457.47M -1,861.73M -1,429.40M -1,233.21M -1,087.49M -1,384.79M -1,115.76M -1,096.67M -890.06M -825.99M -1,026.49M -1,017.10M -1,365.88M -1,435.55M -1,602.21M -1,640.93M -1,774.44M -1,773.42M -1,708.58M -1,772.99M -1,976.45M -1,980.41M -1,990.99M -2,242.53M -1,833.05M -2,176.75M -1,305.51M -1,313.74M -1,319.97M
Pre-Tax Income 1,240.41M 1,061.06M 793.07M 757.17M 661.05M 663.82M 619.79M 624.21M 805.37M 685.50M 671.65M 749.91M 563.48M 561.97M 606.22M 651.15M 592.00M 651.99M 605.21M 530.04M 403.57M 321.76M 322.73M 316.93M 369.97M 295.27M 345.82M 395.43M 365.68M 394.02M 439.94M
Pre-Tax Margin 13.6% 13.2% 10.4% 8.8% 9.6% 10.6% 9.7% 9.5% 13.2% 12.1% 12.1% 12.9% 10.4% 10.8% 11.4% 12.9% 12.7% 12.7% 13.3% 12.2% 10.3% 8.9% 8.8% 9.0% 9.5% 7.6% 11.1% 11.4% 13.0% 14.7% 16.3%
Income Tax Expense 189.80M 154.09M 106.99M 105.16M 101.08M 105.49M 89.41M 106.77M 168.04M 150.97M 170.82M 187.79M 145.39M 140.65M 167.70M 201.87M 145.81M 181.60M 173.22M 143.56M 85.06M 78.22M 101.92M 89.04M 114.52M 90.90M 116.14M 117.78M 136.14M 123.16M 152.88M
Tax Rate 15.3% 14.5% 13.5% 13.9% 15.3% 15.9% 14.4% 17.1% 20.9% 22.0% 25.4% 25.0% 25.8% 25.0% 27.7% 31.0% 24.6% 27.9% 28.6% 27.1% 21.1% 24.3% 31.6% 28.1% 31.0% 30.8% 33.6% 29.8% 35.0% 31.3% 34.7%
Net Income 1,050.61M 906.98M 686.08M 652.01M 559.97M 558.34M 530.37M 517.44M 637.33M 534.54M 500.83M 562.12M 418.09M 421.32M 438.52M 449.28M 446.19M 470.39M 431.99M 386.49M 318.51M 243.54M 220.82M 227.89M 255.45M 204.37M 229.68M 277.65M 229.54M 270.86M 287.07M
Net Margin 11.5% 11.3% 9.0% 7.6% 8.1% 8.9% 8.3% 7.9% 10.4% 9.4% 9.1% 9.7% 7.7% 8.1% 8.2% 8.9% 9.6% 9.2% 9.5% 8.9% 8.2% 6.8% 6.0% 6.4% 6.6% 5.3% 7.4% 8.0% 8.2% 10.1% 10.6%
EBIT 4,421.18M 3,654.43M 2,765.62M 3,066.01M 2,513.13M 2,314.25M 2,114.12M 2,345.89M 2,221.60M 2,066.49M 1,827.65M 1,853.83M 1,867.21M 1,823.15M 2,257.80M 2,346.19M 2,408.44M 2,503.04M 2,423.77M 2,350.65M 2,145.58M 2,119.73M 2,314.87M 2,298.49M 2,362.13M 2,538.87M 2,179.80M 2,573.40M 1,671.69M 1,708.42M 1,760.45M
Depreciation & Amortization 1,215.70M 1,180.04M 972.88M 941.41M 933.08M 934.86M 886.74M 806.59M 799.76M 737.85M 662.07M 634.10M 630.95M 567.02M 525.59M 480.92M 462.38M 420.63M 438.13M 418.38M 341.93M 321.06M 358.08M 333.40M 314.53M 350.20M 321.99M 267.29M 58.63M 71.79M 90.35M
EBITDA 5,636.88M 4,834.47M 3,738.50M 4,007.42M 3,446.21M 3,249.11M 3,000.86M 3,152.49M 3,021.36M 2,804.34M 2,489.73M 2,487.93M 2,498.16M 2,390.17M 2,783.38M 2,827.11M 2,870.82M 2,923.66M 2,861.90M 2,769.03M 2,487.51M 2,440.79M 2,672.95M 2,631.89M 2,676.66M 2,889.06M 2,501.79M 2,840.68M 1,730.32M 1,780.21M 1,850.79M
EBITDA Margin 61.6% 60.1% 48.9% 46.7% 49.8% 52.0% 47.2% 48.2% 49.5% 49.4% 45.0% 43.0% 46.3% 45.8% 52.3% 56.1% 61.6% 56.9% 62.9% 63.7% 63.8% 67.7% 72.8% 74.3% 68.7% 74.6% 80.5% 82.1% 61.7% 66.6% 68.5%
NOPAT 3,744.68M 3,123.74M 2,392.51M 2,640.18M 2,128.86M 1,946.50M 1,809.12M 1,944.64M 1,758.08M 1,611.40M 1,362.83M 1,389.59M 1,385.43M 1,366.85M 1,633.22M 1,618.81M 1,815.24M 1,805.86M 1,730.06M 1,714.00M 1,693.37M 1,604.45M 1,583.86M 1,652.71M 1,630.95M 1,757.23M 1,447.76M 1,806.92M 1,086.60M 1,174.43M 1,148.70M
NOPAT Margin 40.9% 38.9% 31.3% 30.8% 30.8% 31.2% 28.4% 29.7% 28.8% 28.4% 24.7% 24.0% 25.7% 26.2% 30.7% 32.1% 38.9% 35.1% 38.1% 39.4% 43.4% 44.5% 43.2% 46.7% 41.9% 45.3% 46.6% 52.2% 38.7% 44.0% 42.5%
Owner's Earnings 2,266.31M 2,087.01M 1,658.95M 1,593.42M 1,493.05M 1,493.20M 1,417.11M 1,324.03M 1,437.10M 1,272.39M 1,162.90M 1,196.22M 1,049.04M 988.34M 964.11M 930.20M 908.57M 891.02M 870.12M 804.87M 660.44M 564.61M 578.90M 561.29M 569.98M 554.56M 551.67M 544.94M 288.17M 342.65M 377.41M
Owner's Earnings Margin 24.8% 26.0% 21.7% 18.6% 21.6% 23.9% 22.3% 20.2% 23.5% 22.4% 21.0% 20.7% 19.4% 18.9% 18.1% 18.5% 19.5% 17.3% 19.1% 18.5% 16.9% 15.7% 15.8% 15.9% 14.6% 14.3% 17.8% 15.7% 10.3% 12.8% 14.0%
EPS 0.99 0.80 0.57 0.52 0.47 0.42 0.47 0.41 0.51 0.44 0.47 0.46 0.31 0.45 0.39 0.48 0.39 0.47 0.48 0.61 0.57 0.57 0.50 0.57 0.62 0.51 0.60 0.74 0.64 0.78 0.86
EPS (Diluted) 0.99 0.80 0.57 0.52 0.47 0.42 0.47 0.41 0.51 0.44 0.47 0.46 0.31 0.45 0.39 0.48 0.39 0.47 0.48 0.61 0.57 0.57 0.50 0.57 0.62 0.51 0.60 0.74 0.64 0.78 0.86
Shares (Diluted) 1,063.47M 1,138.89M 1,200.13M 1,247.01M 1,183.13M 1,328.57M 1,118.62M 1,256.46M 1,242.65M 1,225.95M 1,066.62M 1,212.64M 1,370.73M 933.49M 1,120.07M 945.17M 1,144.83M 996.92M 893.23M 630.30M 561.85M 427.86M 438.64M 402.16M 413.35M 397.74M 381.48M 374.44M 360.84M 346.67M 333.68M

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 392.38M 296.75M 276.54M 316.83M 282.86M 342.80M 281.84M 289.59M 297.67M 202.20M 266.08M 243.28M 252.40M 214.56M 215.01M 170.39M 207.68M 128.97M 132.59M 149.37M 133.45M 91.02M 149.54M 124.35M 129.79M 125.10M 109.29M 76.97M 70.92M 70.10M 84.59M
Short-Term Investments 91.45M 74.84M 53.41M 67.06M 132.72M 104.28M 94.79M 69.89M 43.73M 81.35M 108.71M 53.70M 25.31M 41.80M 44.40M 25.47M 18.93M 46.04M 16.21M 9.58M 23.43M 4.52M 2.56M 3.68M 1.06M 1.36M 1.09M 0.47M 1.22M 1.20M 0.42M
Cash & Short-Term Investments 483.83M 371.59M 329.94M 383.90M 415.58M 447.08M 376.63M 359.48M 341.41M 283.55M 374.79M 296.99M 277.71M 256.36M 259.40M 195.86M 226.61M 175.02M 148.81M 158.94M 156.87M 95.54M 152.10M 128.02M 130.86M 126.46M 110.38M 77.45M 72.14M 71.29M 85.01M
Net Receivables 1,202.82M 1,237.83M 1,291.37M 1,284.92M 1,080.90M 938.35M 942.46M 955.35M 900.72M 859.14M 772.79M 832.45M 774.68M 677.54M 552.70M 632.57M 564.33M 550.91M 507.94M 447.75M 503.84M 377.30M 469.58M 501.41M 499.09M 598.92M 383.97M 393.42M 386.40M 315.78M 286.75M
Inventory 486.56M 382.85M 458.55M 434.56M 366.28M 331.09M 338.97M 333.94M 322.25M 320.93M 333.29M 350.82M 334.42M 352.52M 261.72M 215.08M 180.10M 206.12M 176.24M 181.45M 149.27M 125.12M 178.95M 172.12M 167.45M 160.99M 171.17M 159.43M 143.10M 173.15M 158.39M
Other Current Assets 434.69M 574.60M 490.93M 672.04M 476.49M 507.01M 374.84M 359.72M 335.62M 278.69M 272.55M 358.26M 314.73M 287.35M 228.18M 235.21M 204.22M 230.74M 228.40M 279.00M 301.88M 240.25M 217.09M 255.74M 255.02M 291.48M 129.31M 110.37M 134.82M 69.11M 64.30M
Total Current Assets 2,607.91M 2,566.86M 2,570.79M 2,775.42M 2,339.25M 2,223.53M 2,032.90M 2,008.48M 1,900.00M 1,742.32M 1,753.42M 1,838.51M 1,701.54M 1,573.76M 1,302.01M 1,278.71M 1,175.27M 1,162.78M 1,061.38M 1,067.14M 1,111.86M 838.21M 1,017.73M 1,057.29M 1,052.42M 1,177.85M 794.82M 740.66M 736.46M 629.33M 594.45M
Property, Plant & Equipment 19,769.79M 16,592.23M 19,506.45M 18,672.60M 18,158.80M 17,493.10M 16,592.41M 15,285.91M 14,280.84M 13,285.86M 13,120.34M 11,982.64M 11,781.14M 10,896.82M 8,658.19M 7,280.65M 6,733.68M 6,234.89M 5,535.50M 5,216.58M 4,530.01M 4,142.56M 6,140.75M 5,532.18M 4,647.63M 4,956.36M 4,433.65M 4,658.68M 4,925.52M 5,163.84M 5,168.00M
Goodwill 636.19M 631.92M 675.40M 810.12M 851.64M 684.48M 790.06M 619.81M 590.46M 580.86M 243.12M 234.75M 200.70M 68.12M 27.23M 62.88M 51.12M 15.51M 1.17M 4.38M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 137.93M 250.29M 248.03M 253.15M 242.13M 239.99M 272.79M 255.58M 278.91M 233.16M 185.73M 108.54M 83.63M 110.00M 133.73M 73.75M 39.17M 22.70M 18.72M 10.71M 21.69M 12.31M 116.78M 213.70M 17.40M 34.36M 7.27M 0.79M 0.77M 0.21M 0.02M
Long-Term Investments 1,516.08M 1,293.31M 1,083.70M 1,153.16M 1,149.87M 1,264.71M 1,255.41M 1,204.68M 1,126.85M 992.74M 842.80M 646.23M 612.85M 508.00M 446.16M 559.71M 429.51M 320.36M 8.05M 7.70M 12.79M 5.39M 2.10M 0.95M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 9.75M 15.69M 49.51M 56.56M 43.25M 36.59M 40.53M 43.07M 57.27M 64.14M 29.58M 47.72M 38.75M 45.14M 43.70M 52.60M 43.69M 16.92M 9.53M 7.20M 3.06M 2.65M 0.03M 0.04M 0.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 3,941.07M 4,318.90M 3,228.73M 2,746.55M 2,636.53M 3,133.93M 2,286.99M 1,814.58M 1,798.40M 1,659.16M 1,611.48M 1,646.38M 1,261.54M 1,178.81M 1,387.62M 1,107.18M 1,128.35M 1,325.00M 1,394.30M 1,561.15M 1,293.42M 1,317.22M 1,485.20M 1,395.83M 1,825.26M 2,084.97M 1,980.79M 1,793.92M 1,418.70M 1,490.14M 1,220.04M
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
Total Non-Current Assets 26,010.81M 23,102.36M 24,791.82M 23,692.14M 23,082.22M 22,852.80M 21,238.19M 19,223.62M 18,132.73M 16,815.92M 16,033.05M 14,666.27M 13,978.61M 12,806.89M 10,696.63M 9,136.77M 8,425.53M 7,935.38M 6,967.28M 6,807.73M 5,860.97M 5,480.14M 7,744.85M 7,142.70M 6,490.33M 7,075.69M 6,421.70M 6,453.40M 6,344.99M 6,654.19M 6,388.06M
Total Assets 28,618.72M 25,669.22M 27,362.60M 26,467.55M 25,421.48M 25,076.33M 23,271.09M 21,232.10M 20,032.73M 18,558.24M 17,786.47M 16,504.78M 15,680.15M 14,380.66M 11,998.64M 10,415.48M 9,600.80M 9,098.16M 8,028.66M 7,874.87M 6,972.83M 6,318.35M 8,762.57M 8,199.99M 7,542.75M 8,253.54M 7,216.53M 7,194.06M 7,081.45M 7,283.52M 6,982.51M
Accounts Payable 1,084.67M 1,027.02M 894.30M 923.81M 835.64M 774.99M 699.26M 716.35M 734.88M 672.01M 614.22M 579.93M 557.45M 552.19M 460.10M 457.96M 384.80M 392.39M 445.12M 389.75M 400.62M 329.18M 271.98M 324.75M 322.14M 422.38M 278.11M 238.03M 252.74M 212.00M 178.99M
Short-Term Debt 1,637.16M 1,496.65M 1,739.06M 1,643.39M 1,504.25M 1,343.10M 1,058.79M 1,040.61M 782.14M 819.90M 634.74M 566.30M 653.14M 501.85M 502.10M 411.55M 404.46M 437.51M 495.43M 478.15M 326.88M 327.95M 334.33M 566.17M 563.86M 654.11M 462.23M 382.33M 368.40M 346.44M 264.34M
Tax Payables 8.09M 72.89M 88.44M 105.59M 80.67M 74.15M 74.61M 67.18M 57.81M 67.33M 51.06M 47.06M 50.24M 35.64M 40.08M 33.55M 36.35M 10.97M 10.22M 6.57M 6.04M 5.35M 3.56M 1.24M 1.93M 1.06M 1.11M 1.38M 1.02M 0.42M 0.09M
Deferred Revenue 77.64M 61.92M 77.79M 117.05M 111.87M 132.33M 139.24M 93.46M 117.39M 98.59M 93.30M 93.92M 75.92M 70.47M 56.44M 27.34M 39.25M 13.00M 5.62M 5.25M 4.98M 9.67M 6.72M 4.55M 3.08M 1.81M 2.50M 5.75M 1.95M 2.31M 4.59M
Other Current Liabilities 987.37M 898.60M 821.14M 918.47M 905.65M 875.94M 720.23M 786.14M 738.58M 701.96M 605.43M 538.25M 493.66M 547.84M 440.57M 384.85M 376.70M 326.17M 60.13M 63.39M 48.69M 28.19M 5.18M 1.84M 1.33M 1.33M 1.61M 1.26M 2.66M 0.45M 0.25M
Total Current Liabilities 3,794.94M 3,557.08M 3,620.72M 3,708.31M 3,438.07M 3,200.51M 2,692.12M 2,703.74M 2,430.80M 2,359.80M 1,998.76M 1,825.46M 1,830.41M 1,707.99M 1,499.30M 1,315.25M 1,241.57M 1,180.04M 1,016.52M 943.10M 787.22M 700.34M 621.77M 898.55M 892.34M 1,080.69M 745.57M 628.75M 626.77M 561.63M 448.27M
Long-Term Debt 14,263.00M 11,657.94M 10,522.28M 9,855.88M 9,709.35M 9,406.22M 8,168.29M 6,161.58M 6,770.95M 6,552.72M 5,755.81M 5,443.40M 5,124.65M 4,726.02M 3,898.60M 3,858.89M 3,311.13M 3,136.28M 3,040.78M 2,915.29M 2,654.90M 2,639.62M 3,145.32M 2,759.67M 2,766.36M 2,693.81M 2,677.54M 2,550.65M 2,506.24M 2,239.78M 2,257.32M
Capital Lease Obligations 55.50M 176.39M 178.75M 157.98M 176.33M 226.89M 167.18M 22.44M 15.92M 9.77M 13.84M 10.83M 18.23M 3.11M 2.29M 0.84M 0.64M 0.27M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3.50M 3.63M
Deferred Tax Liabilities 2,543.19M 1,549.55M 1,534.96M 1,708.94M 1,525.81M 1,270.64M 1,220.63M 1,272.33M 1,528.61M 2,411.12M 1,943.54M 1,530.33M 1,370.17M 1,324.22M 1,499.65M 924.93M 789.82M 729.52M 655.27M 657.75M 715.83M 1,029.44M 679.07M 638.72M 649.18M 870.16M 1,008.03M 1,116.74M 1,228.48M 1,400.81M 1,404.23M
Other Non-Current Liabilities 5,420.41M 4,340.32M 3,882.08M 3,867.98M 4,186.19M 4,569.00M 3,817.40M 4,141.76M 3,611.38M 3,160.16M 3,023.94M 2,690.61M 2,588.23M 2,351.37M 1,762.84M 1,740.13M 1,583.40M -70.84M -745.40M -803.47M -841.42M -935.68M -2,050.64M -1,548.88M -2,384.81M -2,591.62M -2,726.57M -2,423.25M -2,724.38M -2,815.17M -2,430.51M
Total Non-Current Liabilities 22,282.10M 17,724.19M 16,118.07M 15,590.77M 15,597.68M 15,472.75M 13,373.49M 11,598.12M 11,926.86M 12,133.77M 10,737.13M 9,675.17M 9,101.27M 8,404.72M 7,163.38M 6,524.80M 5,684.98M 3,795.23M 2,950.65M 2,769.57M 2,529.30M 2,733.37M 1,773.75M 1,849.51M 1,030.72M 972.35M 959.00M 1,244.13M 1,010.34M 828.93M 1,234.67M
Total Liabilities 26,077.03M 21,281.27M 19,738.79M 19,299.08M 19,035.75M 18,673.26M 16,065.61M 14,301.86M 14,357.66M 14,493.56M 12,735.89M 11,500.63M 10,931.68M 10,112.72M 8,662.68M 7,840.05M 6,926.55M 4,975.27M 3,967.17M 3,712.67M 3,316.52M 3,433.71M 2,395.52M 2,748.06M 1,923.06M 2,053.04M 1,704.56M 1,872.88M 1,637.11M 1,390.55M 1,682.94M
Preferred Stock 54.03M 7.77M 0.51M 2.43M 52.51M 37.53M 2.91M 1.17M 1.17M 0.00M 0.10M 4.28M 4.25M 4.15M 0.00M 1.86M 0.00M 4.29M 0.00M 4.45M 5.08M 0.06M 10.98M 6.06M 5.10M 57.16M 70.40M 98.10M 148.36M 204.42M 254.60M
Common Stock 1,685.73M 1,805.39M 2,107.31M 1,986.29M 1,709.21M 1,736.83M 1,841.10M 1,562.35M 1,450.61M 1,352.96M 1,346.41M 1,290.57M 1,204.96M 1,126.23M 1,021.01M 417.75M 466.46M 459.95M 280.83M 280.38M 278.22M 305.69M 619.09M 600.60M 733.78M 530.59M 572.00M 600.77M 602.16M 648.95M 641.47M
Retained Earnings 3,331.98M 3,741.36M 2,727.84M 1,889.36M 2,009.34M 2,494.32M 2,352.13M 2,150.30M 2,447.42M 2,188.49M 2,201.03M 2,274.20M 2,107.55M 1,706.83M 1,648.28M 1,439.38M 1,365.29M 1,184.87M 935.87M 808.60M 622.29M 898.68M 706.96M 679.57M 606.16M 453.37M 614.51M 625.96M 704.08M 875.72M 860.70M
Accumulated OCI 35.24M 21.17M -29.70M -2.38M -13.88M -36.78M -39.08M -71.87M -45.63M -41.61M -29.91M -58.98M -44.17M -100.74M -78.00M -50.32M -53.15M -57.86M -30.96M -36.39M -68.74M -43.99M -55.65M -182.45M -41.83M -44.14M -32.37M -13.31M -27.40M -37.84M -16.25M
Minority Interest 248.49M 266.82M 217.94M 224.81M 206.85M 223.90M 215.81M 166.92M 154.07M 151.01M 87.81M 85.92M 63.88M 69.44M 53.95M 31.95M 28.54M 12.81M 14.73M 12.83M 14.27M 14.90M 14.65M 9.60M 23.72M 12.33M 6.94M 5.37M 4.68M 0.54M 2.93M
Total Shareholders’ Equity 5,106.98M 5,575.69M 4,805.95M 3,875.70M 3,757.18M 4,231.90M 4,157.06M 3,641.95M 3,853.57M 3,499.85M 3,517.63M 3,510.06M 3,272.60M 2,736.47M 2,591.29M 1,808.67M 1,778.59M 1,591.25M 1,185.74M 1,057.04M 836.85M 1,160.45M 1,281.38M 1,103.78M 1,303.21M 996.98M 1,224.55M 1,311.51M 1,427.21M 1,691.25M 1,740.52M
Total Equity 5,355.47M 5,842.51M 5,023.89M 4,100.51M 3,964.03M 4,455.79M 4,372.87M 3,808.87M 4,007.64M 3,650.86M 3,605.44M 3,595.99M 3,336.48M 2,805.92M 2,645.24M 1,840.62M 1,807.14M 1,604.06M 1,200.47M 1,069.87M 851.13M 1,175.34M 1,296.03M 1,113.38M 1,326.93M 1,009.31M 1,231.49M 1,316.88M 1,431.89M 1,691.79M 1,743.45M
Total Liabilities & Equity 31,432.50M 27,123.78M 24,762.68M 23,399.59M 22,999.78M 23,129.05M 20,438.48M 18,110.73M 18,365.30M 18,144.42M 16,341.33M 15,096.61M 14,268.16M 12,918.63M 11,307.92M 9,680.67M 8,733.69M 6,579.33M 5,167.65M 4,782.54M 4,167.65M 4,609.05M 3,691.55M 3,861.43M 3,249.99M 3,062.34M 2,936.05M 3,189.76M 3,069.01M 3,082.34M 3,426.39M
Tangible Assets 27,844.59M 24,787.01M 26,439.17M 25,404.28M 24,327.70M 24,151.86M 22,208.24M 20,356.72M 19,163.35M 17,744.22M 17,357.62M 16,161.49M 15,395.82M 14,202.53M 11,837.68M 10,278.85M 9,510.50M 9,059.95M 8,008.77M 7,859.77M 6,951.14M 6,306.04M 8,645.80M 7,986.29M 7,525.34M 8,219.18M 7,209.26M 7,193.27M 7,080.68M 7,283.31M 6,982.49M
Tangible Equity 4,581.34M 4,960.29M 4,100.46M 3,037.24M 2,870.26M 3,531.32M 3,310.02M 2,933.49M 3,138.26M 2,836.84M 3,176.59M 3,252.69M 3,052.15M 2,627.79M 2,484.28M 1,704.00M 1,716.84M 1,565.85M 1,180.58M 1,054.78M 829.44M 1,163.03M 1,179.25M 899.68M 1,309.52M 974.95M 1,224.22M 1,316.09M 1,431.13M 1,691.58M 1,743.43M
Tangible Book Value 4,581,342,957.84 4,960,292,463.68 4,100,459,112.18 3,037,238,120.13 2,870,256,625.13 3,531,324,540.11 3,310,018,875.64 2,933,488,377.04 3,138,264,765.08 2,836,840,411.70 3,176,587,559.60 3,252,691,563.47 3,052,149,205.08 2,627,793,956.98 2,484,278,838.85 1,703,997,567.77 1,716,842,597.95 1,565,853,578.60 1,180,576,710.86 1,054,775,926.11 829,439,818.50 1,163,031,329.49 1,179,253,559.19 899,677,724.32 1,309,522,941.25 974,947,030.16 1,224,220,115.36 1,316,086,771.28 1,431,128,856.08 1,691,582,121.12 1,743,430,478.33
Total Investments 1,839.23M 1,398.68M 1,236.37M 1,198.47M 1,291.90M 1,343.00M 1,383.30M 1,276.46M 1,244.68M 1,142.60M 926.76M 803.84M 779.23M 546.62M 549.39M 629.30M 554.10M 414.65M 78.70M 52.12M 32.94M 16.94M 10.14M 7.71M 5.17M 3.38M 3.57M 3.54M 0.63M 0.09M 0.01M
Net Debt 15,507.78M 12,857.84M 11,984.80M 11,182.43M 10,930.74M 10,406.52M 8,945.23M 6,912.61M 7,255.41M 7,170.42M 6,124.47M 5,766.41M 5,525.39M 5,013.32M 4,185.70M 4,100.06M 3,507.92M 3,444.82M 3,403.62M 3,244.07M 2,848.34M 2,876.55M 3,330.11M 3,201.49M 3,200.42M 3,222.83M 3,030.49M 2,856.00M 2,803.72M 2,516.13M 2,437.07M

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 -1,448.22M -1,131.77M -871.53M -794.61M -583.23M -716.33M -769.47M -760.29M -813.78M -782.14M -291.93M -123.62M -65.14M -267.55M -239.95M 182.29M 203.59M -16.98M -227.00M -185.97M -184.86M -58.60M -95.88M -398.00M -365.26M -246.25M -169.06M -180.36M -386.49M -246.22M -101.19M
Total Capital 27,411.50M 22,921.87M 21,096.79M 20,325.23M 19,210.58M 18,427.51M 14,925.90M 14,567.91M 13,904.64M 12,948.43M 12,155.49M 11,460.20M 10,738.58M 9,669.82M 8,743.32M 8,137.26M 7,183.17M 6,902.90M 6,553.80M 6,319.56M 5,575.97M 5,839.19M 5,823.43M 5,607.17M 5,701.12M 5,592.52M 5,467.63M 5,335.62M 5,410.26M 5,291.62M 5,114.02M
Capital Employed 26,520.10M 25,311.83M 24,402.03M 23,344.09M 23,145.68M 23,200.48M 21,235.00M 19,350.30M 18,132.99M 17,523.09M 17,339.47M 17,156.50M 15,868.39M 14,530.65M 12,463.43M 11,057.06M 10,452.15M 10,004.64M 8,316.63M 8,322.25M 6,863.45M 8,499.28M 8,968.41M 8,493.69M 7,811.65M 8,102.91M 6,814.15M 6,859.46M 6,613.57M 6,422.64M 6,499.66M
Invested Capital 27,019.12M 22,625.12M 20,820.26M 20,008.39M 18,927.71M 18,084.71M 14,644.06M 14,278.32M 13,606.97M 12,746.23M 11,889.41M 11,216.91M 10,486.18M 9,455.27M 8,528.32M 7,966.87M 6,975.49M 6,773.93M 6,421.21M 6,170.19M 5,442.52M 5,748.17M 5,673.89M 5,482.82M 5,571.33M 5,467.42M 5,358.34M 5,258.65M 5,339.34M 5,221.53M 5,029.43M

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 973.74M 1,044.47M 975.21M 947.26M 943.59M 941.01M 869.35M 806.92M 806.67M 735.66M 566.08M 638.34M 614.68M 567.33M 443.85M 415.39M 397.10M 418.46M 252.52M 376.51M 284.01M 245.58M 135.85M 217.62M 94.10M 11.93M 6.98M 4.18M 0.00M 0.00M 0.00M
Deferred Income Tax 60.94M 76.61M 36.11M 22.12M 63.70M 48.15M 61.45M 41.98M 125.24M 89.75M 125.76M 138.63M 102.20M 69.81M 111.25M 138.05M 59.68M 86.73M 10.40M -0.13M 14.54M 47.74M 41.74M -4.52M -6.10M 3.28M -8.56M -4.77M -0.67M 17.96M 21.23M
Stock-Based Compensation 0.00M 0.00M 0.10M 6.20M 2.26M 2.82M 0.05M 1.99M 3.91M 3.95M 1.45M 1.21M 1.12M 1.02M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -56.81M 41.68M -62.88M -228.54M -193.16M -114.87M -69.88M -10.53M -117.53M -21.20M 12.49M -70.24M -20.24M -29.63M -16.09M -46.47M -11.22M -69.35M -31.67M 10.72M -47.50M -31.73M -44.11M -13.75M 3.89M -38.09M -16.55M -23.51M -1.85M 9.23M -0.35M
Accounts Receivable -79.71M -73.77M 59.04M -169.02M -97.57M -47.11M -18.29M -40.67M -56.92M -59.02M 36.20M -10.35M -59.62M -8.71M 8.60M -14.99M 10.31M 6.12M -1.18M 11.96M -25.56M -11.14M 0.00M 0.00M 0.04M -0.04M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory -22.52M -16.62M -18.13M -56.14M -34.22M 2.18M -6.53M -4.72M -3.89M 7.99M 6.62M -11.32M 4.00M -1.42M -12.43M -1.18M 6.20M -22.40M -3.51M -8.62M -26.35M -5.86M -7.79M -0.39M -19.16M -1.63M -1.58M -10.19M 4.81M 10.62M 7.69M
Accounts Payable 24.31M 31.37M -99.86M 117.14M 60.31M 34.45M -14.39M 42.95M 35.27M 45.91M -32.21M 10.97M 13.13M -0.15M 1.24M 5.04M -19.35M -6.07M 0.00M -9.65M 16.49M 6.41M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 66.15M 60.70M 11.71M -69.55M -136.13M -56.29M -32.00M -0.28M -99.00M -50.21M -6.74M -37.06M -29.97M 6.97M 20.87M -56.26M 5.69M -53.99M -31.35M 4.45M -0.67M -5.19M -52.38M -58.61M -42.16M 36.44M 6.44M -22.63M 17.33M 9.27M -7.86M
Other Non-Cash Items 119.58M 78.60M 48.00M 48.24M 4.35M 61.24M 46.34M 56.91M 111.82M 116.35M 65.60M 60.31M 129.06M 86.70M 41.65M 23.99M 42.72M 50.51M 95.84M 151.29M 68.69M 23.69M 106.08M 182.74M 227.54M 179.70M 198.44M 300.50M 561.73M 549.40M 539.07M
Net Cash from Operating Activities 2,355.77M 2,183.60M 1,850.69M 1,358.68M 1,311.39M 1,469.96M 1,460.63M 1,451.79M 1,451.33M 1,493.17M 1,551.79M 1,415.41M 1,314.20M 1,217.87M 1,129.72M 933.28M 932.52M 988.02M 682.65M 988.22M 573.60M 637.84M 678.91M 587.26M 735.75M 447.27M 565.69M 641.04M 1,087.61M 1,008.79M 950.59M
Capital Expenditures (PPE) -1,704.70M -1,696.84M -1,978.40M -2,109.18M -1,758.19M -1,781.55M -1,613.85M -1,655.03M -1,574.86M -1,498.11M -1,345.30M -1,367.45M -1,191.89M -1,162.78M -893.91M -739.08M -667.84M -817.45M -728.18M -656.70M -405.77M -321.56M -478.76M -587.68M -533.38M -550.26M -448.83M -465.21M -540.52M -488.63M -507.10M
Acquisitions (Net) -3.47M 0.00M 12.41M 3.06M 11.45M 12.58M -28.52M 9.28M -10.23M -66.58M -36.74M -8.58M -2.43M -6.54M -4.10M -1.09M -0.57M -3.47M 0.02M -2.78M 0.18M 0.11M 0.03M 0.00M -7.30M -9.94M -3.43M 0.00M -11.33M -35.16M 0.00M
Purchases of Investments -237.11M -384.69M -232.33M -351.93M -460.91M -487.82M -326.94M -397.95M -401.42M -459.89M -415.95M -320.58M -304.94M -121.47M -129.00M -242.37M -99.64M -42.92M -16.16M -34.04M -44.62M -9.68M -6.84M -2.52M -3.91M -5.53M -6.73M -11.73M -21.12M -16.47M -4.93M
Sales / Maturities of Investments 295.44M 359.19M 285.96M 346.27M 471.72M 440.42M 317.69M 387.48M 375.60M 397.12M 348.41M 280.34M 219.65M 230.67M 296.55M 146.43M 122.60M 65.97M 32.16M 30.55M 40.72M 7.97M 2.53M 6.59M 1.38M 3.71M 1.59M 0.38M 5.00M 0.00M 0.00M
Other Investing Activities -248.39M -248.49M -36.25M -29.85M -53.44M -47.29M -36.79M -25.46M 31.62M -7.57M 36.23M -27.46M 13.71M -17.71M 3.30M -16.56M 6.85M -21.46M 8.86M 9.53M -18.34M 14.40M -15.14M -18.73M -50.77M -1.19M -27.46M -33.71M -73.39M -80.30M -9.11M
Net Cash from Investing Activities -2,768.27M -2,495.18M -2,059.83M -2,252.65M -1,683.68M -1,904.39M -1,987.40M -1,569.78M -1,558.24M -1,846.17M -1,356.77M -1,440.87M -1,265.43M -1,247.29M -1,070.74M -851.91M -767.58M -1,002.97M -497.40M -721.11M -510.84M -321.86M -469.93M -599.14M -936.10M -659.61M -435.33M -523.06M -990.17M -814.61M -569.67M
Net Debt Issuance 942.07M 841.09M 805.96M 815.25M 1,006.63M 840.27M 617.92M 501.44M 479.05M 456.99M 253.47M 367.32M 270.69M 220.63M 171.93M 141.30M 104.53M 281.56M 95.60M 55.68M 36.40M -76.11M -96.31M -13.69M 219.45M 299.95M 294.86M 148.30M 449.06M -45.83M -88.90M
Long-Term Debt Issuance 896.44M 867.00M 807.95M 744.92M 731.16M 986.60M 610.40M 453.46M 485.69M 399.22M 276.68M 369.31M 236.04M 130.55M 179.46M 152.00M 149.19M 220.02M 75.23M 15.79M 27.68M -50.82M -93.56M 24.74M 187.29M 269.23M 186.67M 89.82M 379.00M -13.76M -110.68M
Short-Term Debt Issuance 15.22M -64.73M 11.65M 107.49M 33.39M -59.42M 1.99M -1.09M 13.84M 13.21M 20.72M -0.60M 18.91M 12.26M 4.44M -10.19M -22.30M 12.51M -0.03M 1.10M 3.61M -0.03M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 16.07M 43.11M 8.78M 17.30M 9.27M 19.05M 155.53M 42.88M 13.76M 17.79M 6.34M 11.98M 11.00M 16.06M 7.85M 23.66M 14.50M 9.66M 6.05M 7.18M 29.80M 16.62M 45.79M 51.73M 3.72M -9.51M -49.09M -13.82M -73.29M -35.53M -9.96M
Common Stock Issuance 19.51M 67.88M 11.55M 114.08M 19.56M 39.53M 169.31M 53.74M 24.59M 71.73M 49.90M 38.42M 17.91M 21.06M 21.48M 27.56M 21.15M 15.27M 22.55M 38.56M 66.17M 37.11M 65.31M 112.64M 15.91M 16.72M 7.27M 19.20M 100.56M 89.72M 56.11M
Common Stock Repurchased 0.00M 0.00M 0.00M -0.21M 0.00M 0.00M 0.00M 0.00M -0.73M 0.00M 0.00M 0.00M 0.00M 0.00M -0.42M 0.00M 0.00M -3.74M -0.02M -14.12M -16.79M -2.14M -1.69M -14.28M -7.96M -45.11M -98.22M -47.59M -139.01M -115.81M -38.20M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -478.85M -468.30M -428.28M -393.55M -390.24M -342.03M -319.27M -309.11M -355.50M -336.21M -315.08M -292.79M -296.24M -281.47M -220.18M -199.95M -178.80M -190.73M -182.39M -165.27M -127.39M -105.33M -112.17M -128.24M -133.94M -150.97M -152.15M -177.90M -275.44M -292.60M -287.31M
Common Dividends Paid -468.36M -456.80M -420.93M -389.06M -389.73M -341.72M -319.22M -298.59M -332.14M -316.01M -297.28M -287.17M -283.49M -278.43M -241.95M -194.00M -176.79M -189.46M -174.01M -154.74M -122.72M -96.69M -105.18M -120.49M -125.91M -143.90M -142.49M -169.06M -257.54M -271.87M -262.10M
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 -30.82M -11.03M -44.37M -4.14M -5.47M -12.53M -28.21M -3.77M -21.96M 9.19M -13.61M -6.22M -6.14M 6.61M -2.93M -6.86M -7.76M -9.02M -6.14M -7.60M 2.77M -10.39M -13.90M 5.01M 1.79M 10.15M 4.82M 0.77M -2.84M 4.51M -8.53M
Net Cash from Financing Activities 584.71M 409.40M 406.05M 795.11M 523.48M 460.86M 406.98M 292.40M 171.04M 320.74M 38.08M 121.93M -8.04M -33.05M 52.47M 14.82M 21.36M 163.52M -106.17M -150.75M -12.39M -245.47M -188.86M -59.25M 239.15M 180.11M 64.32M -145.97M 197.21M -339.74M -354.51M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.21M -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 -0.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash -9.08M 35.83M -18.53M 33.25M -4.40M 40.39M -27.84M 7.33M 48.97M -26.28M 8.97M 14.11M 27.61M -22.59M 26.27M -2.02M 19.78M 41.67M 8.93M 8.31M -2.79M 18.14M -0.92M -4.97M 48.32M 18.74M 15.97M 20.07M 58.21M -30.12M 20.58M
Cash at Beginning of Period 469.18M 341.80M 364.86M 338.02M 321.83M 316.72M 350.16M 305.44M 192.01M 265.96M 256.39M 253.02M 228.25M 258.57M 215.01M 230.79M 157.47M 160.94M 160.84M 206.47M 101.71M 50.72M 131.34M 142.59M 104.99M 125.48M 82.47M 70.21M 92.57M 169.16M 64.02M
Cash at End of Period 382.76M 365.29M 320.29M 366.95M 337.59M 353.59M 319.68M 329.69M 301.39M 200.80M 272.32M 247.23M 260.82M 238.90M 258.03M 192.90M 226.71M 208.03M 152.37M 218.73M 188.27M 143.34M 155.75M 148.81M 147.48M 133.22M 118.48M 84.45M 197.11M 94.96M 168.93M
Operating Cash Flow 2,333.34M 2,179.34M 1,849.37M 1,349.62M 1,309.43M 1,469.82M 1,460.63M 1,451.79M 1,451.37M 1,493.22M 1,564.13M 1,415.41M 1,314.20M 1,217.87M 1,129.64M 933.28M 932.42M 988.03M 682.65M 988.22M 573.60M 637.83M 681.59M 586.33M 692.88M 447.27M 566.53M 640.98M 1,087.61M 1,008.79M 950.45M
Capital Expenditure -2,418.26M -2,090.00M -2,120.69M -2,121.91M -1,759.62M -1,774.79M -1,613.62M -1,685.69M -1,583.09M -1,504.92M -1,354.45M -1,368.28M -1,191.89M -1,176.87M -893.42M -739.90M -665.92M -814.11M -728.16M -652.56M -405.77M -321.37M -480.68M -587.80M -559.02M -550.26M -448.83M -465.24M -540.52M -488.63M -506.80M
Free Cash Flow -294.61M -117.53M -402.99M -564.74M -449.92M -283.19M -256.04M -166.78M -73.61M -18.27M 88.28M 34.33M 95.28M 28.56M 31.54M 73.99M 50.35M -84.68M -20.34M 109.92M 55.07M 187.38M 230.80M 54.67M 141.57M -1.64M 122.68M 251.69M 441.71M 569.96M 454.80M

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 3,294.22M 2,767.27M 2,452.97M 2,081.07M 1,993.11M 2,035.74M 1,835.18M 1,670.43M 1,810.70M 1,712.37M 1,705.93M 1,736.83M 1,507.48M 1,477.42M 1,525.78M 1,482.50M 1,230.63M 1,186.73M 1,241.71M 1,074.47M 939.11M 882.72M 868.12M 821.85M 876.63M 790.56M 947.66M 1,034.68M 951.73M 987.76M 952.47M
(-) Tax Adjustment 504.06M 401.86M 330.93M 289.03M 304.76M 323.49M 264.75M 285.72M 377.79M 377.11M 433.87M 434.94M 388.97M 369.77M 422.07M 459.61M 303.11M 330.54M 355.39M 291.01M 197.93M 214.58M 274.14M 230.90M 271.36M 243.39M 318.25M 308.17M 354.32M 308.74M 330.98M
(-) Change In Working Capital -56.81M 41.68M -62.88M -228.54M -193.16M -114.87M -69.88M -10.53M -117.53M -21.20M 12.49M -70.24M -20.24M -29.63M -16.09M -46.47M -11.22M -69.35M -31.67M 10.72M -47.50M -31.73M -44.11M -13.75M 3.89M -38.09M -16.55M -23.51M -1.85M 9.23M -0.35M
(-) Capital Expenditure 2,418.26M 2,090.00M 2,120.69M 2,121.91M 1,759.62M 1,774.79M 1,613.62M 1,685.69M 1,583.09M 1,504.92M 1,354.45M 1,368.28M 1,191.89M 1,176.87M 893.42M 739.90M 665.92M 814.11M 728.16M 652.56M 405.77M 321.37M 480.68M 587.80M 559.02M 550.26M 448.83M 465.24M 540.52M 488.63M 506.80M
Unlevered Free Cash Flow 428.72M 233.73M 64.22M -101.33M 121.89M 52.34M 26.69M -290.44M -32.65M -148.46M -94.88M 3.85M -53.15M -39.59M 226.38M 329.45M 272.82M 111.43M 189.83M 120.18M 382.90M 378.51M 157.41M 16.90M 42.36M 35.00M 197.12M 284.77M 58.73M 181.16M 115.05M
(-) Net Interest Income After Taxes -599.55M -485.70M -445.59M -385.01M -358.05M -350.91M -348.15M -279.27M -237.78M -221.71M -198.31M -208.33M -205.71M -182.99M -206.67M -179.04M -161.47M -151.59M -31.50M -34.41M -26.39M -18.91M -10.73M -0.83M -0.80M -0.74M -0.62M -0.85M -0.31M -0.46M -0.35M
Net Debt Issuance 942.07M 841.09M 805.96M 815.25M 1,006.63M 840.27M 617.92M 501.44M 479.05M 456.99M 253.47M 367.32M 270.69M 220.63M 171.93M 141.30M 104.53M 281.56M 95.60M 55.68M 36.40M -76.11M -96.31M -13.69M 219.45M 299.95M 294.86M 148.30M 449.06M -45.83M -88.90M
Levered Free Cash Flow 1,970.35M 1,560.52M 1,315.77M 1,098.93M 1,486.57M 1,243.52M 992.75M 490.27M 684.18M 530.24M 356.89M 579.51M 423.25M 364.03M 604.97M 649.79M 538.81M 544.58M 316.93M 210.27M 445.69M 321.31M 71.84M 4.04M 262.61M 335.69M 492.60M 433.93M 508.11M 135.79M 26.50M