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Definitive Analysis

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Industry

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Page: Industry Financials

PBR-A

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 31.26 13.64 10.50 9.35 9.68 7.88 10.13 10.70 11.32 12.06 10.29 10.50 11.03 11.03 10.68 10.97 11.47 10.12 15.22 13.73 12.30 10.28 9.78 11.89 12.77 12.78 12.34 15.67 13.20 11.90 8.64
Market Capitalization 21,059.01M 18,446.97M 15,460.82M 14,759.22M 13,422.53M 12,423.88M 16,672.32M 19,128.45M 19,138.34M 19,923.77M 18,174.86M 18,981.03M 21,421.56M 21,747.02M 21,004.72M 21,638.91M 28,185.71M 20,933.67M 31,965.40M 30,615.36M 27,330.71M 30,826.64M 30,425.64M 28,567.64M 31,248.42M 25,333.21M 25,073.21M 38,390.84M 46,492.01M 42,145.75M 38,770.51M
(-) Cash & Equivalents 2,466.85M 2,859.32M 2,441.82M 3,077.13M 2,195.16M 1,442.37M 1,814.82M 2,554.75M 1,609.06M 1,934.52M 1,939.44M 1,519.10M 1,510.38M 1,463.23M 1,258.60M 1,040.72M 1,051.80M 935.29M 807.11M 953.23M 826.68M 729.88M 1,124.63M 1,040.35M 1,114.37M 1,593.78M 819.10M 666.77M 977.40M 1,074.96M 789.70M
(+) Total Debt 11,475.92M 10,780.83M 6,901.38M 6,868.51M 8,922.26M 7,901.02M 6,794.66M 6,910.50M 7,667.15M 8,111.62M 9,525.80M 8,315.31M 6,433.96M 4,823.37M 4,897.17M 4,419.34M 4,233.64M 3,287.50M 2,922.34M 2,907.34M 3,144.44M 3,880.73M 5,663.96M 6,810.45M 5,910.87M 6,325.25M 7,699.11M 4,642.40M 6,151.35M 5,635.59M 6,855.97M
Enterprise Value 27,678,412,743.84 27,728,472,881.21 20,740,486,279.30 19,167,842,056.65 23,791,413,919.58 20,422,636,877.85 23,512,875,703.98 25,198,654,843.78 25,779,666,086.30 27,520,215,522.41 26,282,861,413.85 26,296,842,109.81 28,361,689,860.16 29,696,531,908.48 29,631,419,981.74 29,820,310,684.49 34,326,550,723.60 26,560,822,675.81 37,085,937,541.26 35,047,074,816.82 28,196,786,070.33 33,720,819,202.43 34,918,665,686.82 33,641,286,010.72 37,239,799,101.81 30,364,956,428.01 32,408,496,556.81 44,758,359,302.96 51,166,399,063.15 46,890,707,972.64 44,817,447,617.78

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 48,777.54M 38,018.61M 34,968.51M 34,224.49M 28,810.62M 17,648.28M 26,667.33M 29,179.21M 24,813.12M 20,746.57M 23,980.26M 29,109.44M 28,403.09M 28,878.35M 25,706.89M 20,161.51M 27,083.53M 29,639.83M 28,069.25M 26,735.71M 22,113.43M 25,247.39M 39,076.91M 38,594.87M 37,339.42M 41,501.04M 29,658.59M 31,659.05M 46,942.69M 31,242.64M 30,393.06M
Cost of Revenue 39,632.42M 30,193.47M 28,316.81M 27,945.69M 18,587.12M 13,445.69M 18,869.77M 20,467.01M 17,145.45M 14,825.51M 18,170.77M 24,851.70M 24,223.68M 24,312.93M 20,474.94M 16,019.03M 18,234.78M 21,539.72M 15,695.00M 12,865.54M 9,916.97M 18,096.82M 25,629.51M 29,777.13M 28,335.87M 31,542.03M 19,607.27M 22,991.76M 12,872.48M 15,556.66M 14,649.34M
Gross Profit 9,145.13M 7,825.14M 6,651.69M 6,278.81M 10,223.50M 4,202.60M 7,797.56M 8,712.20M 7,667.66M 5,921.06M 5,809.49M 4,257.75M 4,179.40M 4,565.42M 5,231.95M 4,142.48M 8,848.74M 8,100.11M 12,374.25M 13,870.17M 12,196.46M 7,150.57M 13,447.40M 8,817.74M 9,003.56M 9,959.01M 10,051.32M 8,667.29M 34,070.21M 15,685.98M 15,743.72M
Gross Margin 18.7% 20.6% 19.0% 18.3% 35.5% 23.8% 29.2% 29.9% 30.9% 28.5% 24.2% 14.6% 14.7% 15.8% 20.4% 20.5% 32.7% 27.3% 44.1% 51.9% 55.2% 28.3% 34.4% 22.8% 24.1% 24.0% 33.9% 27.4% 72.6% 50.2% 51.8%
R&D Expenses 5.86M 42.26M 25.11M 21.10M 17.47M 19.75M 17.02M 20.22M 20.68M 14.48M 14.82M 14.82M 16.18M 5.57M 4.17M 4.00M 3.91M 3.35M 2.08M 0.00M 0.00M 0.17M 0.00M 0.00M 0.00M 0.00M 0.00M 9.80M 106.28M 42.47M 47.00M
SG&A Expenses 1,511.07M 1,832.97M 1,351.10M 1,209.62M 1,006.09M 823.89M 957.82M 1,109.59M 1,159.80M 1,171.52M 1,061.15M 1,038.93M 908.05M 896.19M 790.69M 692.69M 1,165.49M 1,566.12M 1,386.08M 1,301.83M 779.94M 1,490.03M 1,625.75M 1,584.25M 1,452.18M 1,579.28M 1,623.55M 2,915.08M 1,019.20M 1,138.92M 1,231.48M
Operating Expenses 1,516.93M 1,875.23M 1,376.21M 1,230.72M 1,023.56M 843.64M 974.85M 1,129.80M 1,180.47M 1,186.00M 1,075.96M 1,053.75M 924.23M 901.76M 794.85M 696.68M 1,169.40M 1,569.47M 1,388.16M 1,301.83M 779.94M 1,490.20M 1,625.75M 1,584.25M 1,452.18M 1,579.28M 1,623.55M 2,924.88M 1,125.48M 1,181.39M 1,278.48M
Operating Income 7,628.19M 5,949.92M 5,275.49M 5,048.09M 9,199.94M 3,358.96M 6,822.71M 7,582.40M 6,487.19M 4,735.05M 4,733.52M 3,203.99M 3,255.17M 3,663.66M 4,437.10M 3,445.80M 7,679.35M 6,530.65M 10,986.08M 12,568.33M 11,416.51M 5,660.37M 11,821.65M 7,233.50M 7,551.38M 8,379.73M 8,427.76M 5,742.41M 32,944.72M 14,504.59M 14,465.23M
Operating Margin 15.6% 15.7% 15.1% 14.7% 31.9% 19.0% 25.6% 26.0% 26.1% 22.8% 19.7% 11.0% 11.5% 12.7% 17.3% 17.1% 28.4% 22.0% 39.1% 47.0% 51.6% 22.4% 30.3% 18.7% 20.2% 20.2% 28.4% 18.1% 70.2% 46.4% 47.6%
Interest Income 156.37M 172.44M 146.27M 95.40M 64.47M 63.28M 80.59M 106.86M 83.67M 63.97M 69.84M 65.84M 72.11M 66.06M 70.74M 65.83M 72.58M 92.21M 37.08M 36.39M 17.63M 12.93M 0.04M 0.04M 0.00M 0.02M 0.00M 0.00M 0.00M 0.00M 0.00M
Interest Expense 521.75M 429.83M 281.51M 222.44M 269.19M 273.13M 294.60M 276.74M 223.13M 255.42M 244.84M 191.09M 153.07M 144.01M 135.77M 118.87M 171.10M 129.45M 61.03M 67.00M 75.25M 78.45M 69.49M 20.55M 23.72M 25.39M 0.00M 0.05M 0.00M 42.61M 43.09M
Net Interest Income -365.39M -257.39M -135.24M -127.04M -204.72M -209.85M -214.01M -169.88M -139.46M -191.45M -175.00M -125.25M -80.96M -77.95M -65.02M -53.03M -98.52M -37.24M -23.95M -30.61M -57.62M -65.52M -69.45M -20.51M -23.72M -25.38M 0.00M -0.05M 0.00M -42.61M -43.09M
Other Income / Expense -3,470.37M -2,539.01M -911.34M -468.79M -5,292.71M -3,142.25M -4,515.09M -3,587.37M -3,907.14M -3,903.12M -3,771.92M -1,075.46M 445.70M 204.88M -111.44M -1,603.30M -4,092.23M -2,978.09M -7,380.63M -9,266.63M -8,583.09M 45.10M -6,706.86M -3,772.39M -2,805.47M -2,868.16M -6,090.89M -4,132.42M -28,505.15M -11,537.15M -12,133.44M
Pre-Tax Income 3,792.44M 3,153.51M 4,228.91M 4,452.26M 3,702.51M 6.86M 2,093.61M 3,825.15M 2,440.59M 640.48M 786.61M 2,003.27M 3,619.92M 3,790.60M 4,260.64M 1,789.47M 3,488.60M 3,515.32M 3,581.50M 3,271.09M 2,775.81M 5,639.95M 5,045.34M 3,440.59M 4,722.19M 5,486.19M 2,336.88M 1,609.94M 4,439.58M 2,924.82M 2,288.71M
Pre-Tax Margin 7.8% 8.3% 12.1% 13.0% 12.9% 0.0% 7.9% 13.1% 9.8% 3.1% 3.3% 6.9% 12.7% 13.1% 16.6% 8.9% 12.9% 11.9% 12.8% 12.2% 12.6% 22.3% 12.9% 8.9% 12.6% 13.2% 7.9% 5.1% 9.5% 9.4% 7.5%
Income Tax Expense 1,523.97M 1,060.28M 1,195.08M 1,502.70M 857.07M 23.45M 704.04M 923.25M 418.03M 202.19M 290.53M 620.20M 990.71M 1,050.04M 1,103.86M 571.61M 733.69M 940.10M 1,083.84M 977.25M 840.92M 1,711.21M 1,828.85M 1,352.22M 1,978.71M 2,362.25M 924.87M 699.69M 1,590.32M 1,214.85M 1,044.19M
Tax Rate 35.0% 33.6% 28.3% 33.8% 23.1% 35.0% 33.6% 24.1% 17.1% 31.6% 35.0% 31.0% 27.4% 27.7% 25.9% 31.9% 21.0% 26.7% 30.3% 29.9% 30.3% 30.3% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%
Net Income 2,268.47M 2,093.23M 3,033.83M 2,949.56M 2,845.43M -16.59M 1,389.57M 2,901.90M 2,022.56M 438.29M 496.08M 1,383.07M 2,629.21M 2,740.55M 3,156.78M 1,217.86M 2,754.91M 2,575.22M 2,497.66M 2,293.84M 1,934.89M 3,928.74M 3,216.49M 2,088.36M 2,743.48M 3,123.94M 1,412.01M 910.26M 2,849.26M 1,709.97M 1,244.52M
Net Margin 4.7% 5.5% 8.7% 8.6% 9.9% -0.1% 5.2% 9.9% 8.2% 2.1% 2.1% 4.8% 9.3% 9.5% 12.3% 6.0% 10.2% 8.7% 8.9% 8.6% 8.7% 15.6% 8.2% 5.4% 7.3% 7.5% 4.8% 2.9% 6.1% 5.5% 4.1%
EBIT 7,628.19M 5,949.92M 5,275.49M 5,048.09M 9,199.94M 3,358.96M 6,822.71M 7,582.40M 6,487.19M 4,735.05M 4,733.52M 3,203.99M 3,255.17M 3,663.66M 4,437.10M 3,445.80M 7,679.35M 6,530.65M 10,986.08M 12,568.33M 11,416.51M 5,660.37M 11,821.65M 7,233.50M 7,551.38M 8,379.73M 8,427.76M 5,742.41M 32,944.72M 14,504.59M 14,465.23M
Depreciation & Amortization 3,035.30M 3,267.20M 1,929.18M 2,005.07M 1,813.06M 1,879.24M 1,849.18M 2,281.15M 2,178.78M 2,074.62M 2,113.33M 2,685.12M 1,656.49M 1,547.00M 1,213.08M 1,073.78M 1,865.94M 1,675.04M 1,553.57M 1,332.59M 1,210.14M 1,604.74M 2,183.59M 2,631.39M 2,590.05M 2,329.55M 1,861.66M 2,348.36M 2,388.85M 1,937.71M 2,398.85M
EBITDA 10,663.49M 9,217.12M 7,204.67M 7,053.16M 11,012.99M 5,238.19M 8,671.89M 9,863.55M 8,665.97M 6,809.68M 6,846.86M 5,889.12M 4,911.67M 5,210.67M 5,650.18M 4,519.58M 9,545.28M 8,205.69M 12,539.65M 13,900.92M 12,626.65M 7,265.11M 14,005.24M 9,864.89M 10,141.43M 10,709.28M 10,289.43M 8,090.77M 35,333.57M 16,442.30M 16,864.08M
EBITDA Margin 21.9% 24.2% 20.6% 20.6% 38.2% 29.7% 32.5% 33.8% 34.9% 32.8% 28.6% 20.2% 17.3% 18.0% 22.0% 22.4% 35.2% 27.7% 44.7% 52.0% 57.1% 28.8% 35.8% 25.6% 27.2% 25.8% 34.7% 25.6% 75.3% 52.6% 55.5%
NOPAT 4,958.32M 3,949.42M 3,784.65M 3,344.29M 7,070.29M 2,183.32M 4,528.37M 5,752.28M 5,376.05M 3,240.27M 3,076.79M 2,212.05M 2,364.29M 2,648.78M 3,287.52M 2,345.12M 6,064.30M 4,784.15M 7,661.46M 8,813.50M 7,957.92M 3,942.96M 7,684.07M 4,701.77M 4,908.40M 5,446.82M 5,478.05M 3,732.57M 21,414.07M 9,427.98M 9,402.40M
NOPAT Margin 10.2% 10.4% 10.8% 9.8% 24.5% 12.4% 17.0% 19.7% 21.7% 15.6% 12.8% 7.6% 8.3% 9.2% 12.8% 11.6% 22.4% 16.1% 27.3% 33.0% 36.0% 15.6% 19.7% 12.2% 13.1% 13.1% 18.5% 11.8% 45.6% 30.2% 30.9%
Owner's Earnings 5,303.77M 5,360.43M 4,963.01M 4,954.62M 4,658.49M 1,862.65M 3,238.75M 5,183.04M 4,201.34M 2,512.91M 2,609.41M 4,068.20M 4,285.70M 4,287.56M 4,369.86M 2,291.64M 4,620.85M 4,250.26M 4,051.23M 3,626.43M 3,145.03M 5,533.48M 5,400.08M 4,719.76M 5,333.53M 5,453.49M 3,273.67M 3,258.62M 5,238.10M 3,647.69M 3,643.37M
Owner's Earnings Margin 10.9% 14.1% 14.2% 14.5% 16.2% 10.6% 12.1% 17.8% 16.9% 12.1% 10.9% 14.0% 15.1% 14.8% 17.0% 11.4% 17.1% 14.3% 14.4% 13.6% 14.2% 21.9% 13.8% 12.2% 14.3% 13.1% 11.0% 10.3% 11.2% 11.7% 12.0%
EPS 1.10 1.16 1.76 1.73 1.64 -0.01 0.81 1.35 1.05 0.22 0.25 0.70 1.32 1.29 1.53 0.64 1.43 1.29 1.23 1.05 0.86 0.87 0.77 0.54 0.66 0.77 0.32 0.23 1.18 0.70 0.46
EPS (Diluted) 1.10 1.16 1.76 1.73 1.64 -0.01 0.81 1.35 1.05 0.22 0.25 0.70 1.32 1.29 1.53 0.64 1.43 1.29 1.23 1.05 0.86 0.87 0.77 0.54 0.66 0.77 0.32 0.23 1.18 0.70 0.46
Shares (Diluted) 2,063.87M 1,796.97M 1,726.05M 1,707.92M 1,735.52M 1,689.27M 1,719.94M 2,155.35M 1,925.19M 2,005.41M 1,986.61M 1,987.12M 1,997.18M 2,131.68M 2,057.26M 1,904.26M 1,924.52M 2,000.98M 2,031.44M 2,186.79M 2,260.74M 4,505.29M 4,171.98M 3,835.72M 4,164.74M 4,078.83M 4,431.90M 3,901.44M 2,422.69M 2,460.15M 2,699.22M

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 3,770.51M 2,900.01M 2,441.82M 3,088.07M 2,206.49M 1,442.37M 1,814.82M 2,554.75M 1,609.06M 1,934.52M 1,939.44M 1,519.10M 1,510.38M 1,463.23M 1,258.60M 1,040.72M 1,051.80M 935.29M 807.11M 979.39M 849.61M 729.88M 1,124.63M 1,040.35M 1,114.37M 1,593.78M 870.28M 722.42M 977.40M 1,074.96M 789.70M
Short-Term Investments 1,036.25M 1,269.45M 1,730.73M 1,823.17M 620.04M 424.69M 429.60M 310.57M 164.70M 163.64M 916.37M 127.85M 255.13M 213.71M 412.19M 578.68M 288.75M 558.37M 539.74M 318.60M 218.32M 488.49M 126.68M 196.05M 186.98M 400.70M 353.72M 311.61M 512.17M 102.82M 129.73M
Cash & Short-Term Investments 4,806.76M 4,169.46M 4,172.55M 4,911.24M 2,826.53M 1,867.06M 2,244.42M 2,865.32M 1,773.76M 2,098.16M 2,855.81M 1,646.95M 1,765.51M 1,676.94M 1,670.79M 1,619.39M 1,340.55M 1,493.66M 1,346.85M 1,297.99M 1,067.93M 1,218.37M 1,251.31M 1,236.40M 1,301.35M 1,994.48M 1,224.00M 1,034.03M 1,489.57M 1,177.78M 919.42M
Net Receivables 5,571.73M 3,786.28M 3,121.88M 2,907.19M 1,876.88M 1,346.98M 1,338.19M 2,962.29M 2,041.12M 1,694.74M 1,675.84M 2,082.76M 2,709.55M 2,535.56M 1,483.88M 1,370.63M 1,407.29M 1,071.64M 2,118.97M 1,259.37M 879.85M 1,343.13M 1,448.10M 2,369.37M 2,272.02M 2,760.64M 2,566.50M 1,412.63M 4,086.94M 5,148.79M 5,246.56M
Inventory 2,788.01M 2,810.72M 2,749.06M 2,703.13M 2,255.59M 1,563.17M 1,801.03M 1,860.74M 1,821.00M 1,737.71M 1,557.38M 1,468.51M 2,026.33M 1,918.86M 1,775.96M 1,448.23M 1,675.15M 1,866.64M 1,609.19M 1,425.04M 1,294.52M 1,812.66M 2,159.19M 2,568.12M 2,371.36M 2,751.21M 2,330.74M 1,853.82M 2,140.50M 2,491.03M 2,869.20M
Other Current Assets 1,668.32M 1,217.03M 1,169.22M 708.80M 799.29M 745.67M 432.47M 783.19M 615.92M 827.45M 1,133.36M 879.65M 1,248.30M 628.34M 145.63M 523.28M 597.67M 506.46M 419.64M 367.87M 291.66M 491.85M 208.30M 101.32M 268.82M 142.45M 1,187.17M 499.14M 624.81M 649.20M 665.21M
Total Current Assets 14,834.81M 11,983.49M 11,212.70M 11,230.36M 7,758.29M 5,522.89M 5,816.12M 8,471.54M 6,251.79M 6,358.06M 7,222.39M 6,077.87M 7,749.69M 6,759.70M 5,076.26M 4,961.54M 5,020.67M 4,938.41M 5,494.64M 4,350.26M 3,533.95M 4,866.00M 5,066.91M 6,275.21M 6,213.55M 7,648.77M 7,308.42M 4,799.61M 8,341.83M 9,466.80M 9,700.38M
Property, Plant & Equipment 43,064.34M 26,429.57M 19,982.16M 17,910.79M 18,403.78M 18,236.86M 18,878.17M 21,986.90M 22,481.96M 23,914.84M 22,679.17M 18,145.38M 21,888.99M 22,328.81M 23,285.04M 19,777.21M 21,347.26M 18,126.16M 16,149.99M 14,874.13M 14,138.39M 14,988.97M 20,346.90M 20,896.89M 18,195.36M 18,823.39M 20,023.44M 24,481.46M 22,535.41M 14,721.02M 17,247.20M
Goodwill 489.43M 643.22M 404.12M 393.72M 570.14M 493.11M 498.55M 489.57M 483.58M 443.18M 428.60M 378.53M 433.96M 463.85M 201.19M 196.67M 289.40M 72.16M 43.94M 36.61M 8.33M 4.35M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 639.64M 1,027.23M 754.11M 785.66M 581.92M 556.36M 387.44M 344.71M 391.24M 279.33M 331.65M 360.74M 400.57M 413.98M 542.91M 909.11M 689.30M 441.50M 427.78M 294.45M 135.57M 153.22M 233.37M 223.87M 180.07M 107.90M 202.39M 540.16M 667.71M 498.25M 549.45M
Long-Term Investments 11,126.03M 3,072.96M 2,772.40M 4,446.39M 2,209.20M 2,898.56M 3,144.59M 2,413.02M 1,958.61M 2,042.15M 1,812.16M 2,019.65M 2,108.86M 1,986.78M 1,824.09M 2,046.75M 2,080.73M 1,838.20M 287.16M 59.28M 100.39M 207.89M 5.31M 2.50M 0.00M 0.00M 0.00M 15.38M 1,003.98M 653.36M 799.44M
Tax Assets 500.24M 257.58M 74.90M 318.45M 184.35M 186.48M 139.23M 159.67M 144.59M 215.37M 209.76M 156.31M 124.37M 104.00M 105.02M 137.97M 84.40M 58.20M 21.35M 27.15M 18.77M 11.48M 12.44M 0.00M 0.00M 1.13M 0.00M 0.00M 7.64M 0.00M 0.00M
Other Non-Current Assets 1,699.21M 2,306.46M 1,678.39M 782.06M 1,015.89M 1,364.16M 886.49M 1,061.68M 1,315.62M 1,316.50M 1,810.90M 1,780.91M 1,718.09M 2,047.48M 2,156.11M 1,083.48M 1,176.54M 828.92M 957.94M 1,241.99M 1,132.09M 1,015.28M 2,072.44M 4,345.25M 5,293.30M 3,897.03M 3,854.82M 2,596.58M 2,052.89M 2,330.23M 2,619.40M
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 57,518.90M 33,737.01M 25,666.07M 24,637.06M 22,965.29M 23,735.53M 23,934.48M 26,455.56M 26,775.61M 28,211.37M 27,272.23M 22,841.53M 26,674.84M 27,344.91M 28,114.35M 24,151.19M 25,667.63M 21,365.15M 17,888.17M 16,533.62M 15,533.54M 16,381.20M 22,670.46M 25,468.51M 23,668.73M 22,829.44M 24,080.65M 27,633.58M 26,267.63M 18,202.86M 21,215.49M
Total Assets 72,353.72M 45,720.49M 36,878.77M 35,867.42M 30,723.58M 29,258.41M 29,750.59M 34,927.10M 33,027.40M 34,569.43M 34,494.62M 28,919.39M 34,424.53M 34,104.61M 33,190.61M 29,112.72M 30,688.30M 26,303.56M 23,382.80M 20,883.88M 19,067.49M 21,247.20M 27,737.37M 31,743.72M 29,882.28M 30,478.21M 31,389.08M 32,433.19M 34,609.46M 27,669.66M 30,915.87M
Accounts Payable 6,459.06M 5,176.13M 2,558.09M 2,464.21M 2,755.00M 1,986.32M 2,123.01M 2,050.46M 2,057.80M 1,988.54M 1,777.86M 2,108.69M 2,214.65M 2,559.88M 2,181.05M 1,787.71M 3,317.56M 2,807.57M 3,311.09M 2,058.21M 2,062.82M 2,539.30M 3,042.31M 3,804.42M 3,322.32M 3,364.84M 4,028.55M 2,609.65M 3,088.46M 3,160.44M 3,472.95M
Short-Term Debt 2,866.55M 1,703.24M 1,189.75M 807.35M 1,003.52M 1,122.95M 1,063.86M 1,643.14M 1,478.12M 1,477.35M 1,343.88M 1,336.15M 710.30M 872.09M 756.65M 566.80M 734.30M 974.66M 818.47M 644.86M 537.83M 1,021.10M 1,665.86M 2,076.24M 2,032.63M 2,249.55M 3,372.83M 2,233.61M 1,609.53M 2,147.26M 2,052.99M
Tax Payables 34.03M 380.50M 402.62M 1,126.11M 654.93M 341.39M 480.81M 566.38M 528.74M 406.88M 335.57M 460.43M 602.51M 516.06M 610.29M 456.37M 817.49M 272.04M 214.03M 58.40M 119.26M 253.16M 62.61M 126.14M 0.47M 0.34M 0.00M 7.96M 249.78M 319.75M 310.86M
Deferred Revenue 1.21M 0.32M 11.58M 57.77M 370.17M 501.12M 742.39M 416.74M 346.88M 326.69M 143.33M 236.75M 288.23M 247.80M 444.35M 299.20M 394.12M 126.36M 55.37M 39.76M 90.58M 180.63M 121.23M 84.52M 34.80M 2.65M 0.02M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 1,220.36M 1,402.49M 1,601.27M 1,091.40M 567.33M 577.73M 1,263.72M 1,283.20M 854.73M 851.06M 832.67M 753.45M 726.34M 658.67M 592.97M 492.51M 597.70M 389.01M 1,077.69M 637.94M 527.96M 1,082.94M 811.39M 1,112.08M 1,040.29M 2,454.64M 2,386.07M 1,886.63M 2,231.66M 1,511.27M 1,567.54M
Total Current Liabilities 10,581.21M 8,662.69M 5,763.31M 5,546.85M 5,350.95M 4,529.51M 5,673.79M 5,959.92M 5,266.28M 5,050.52M 4,433.30M 4,895.47M 4,542.03M 4,854.50M 4,585.30M 3,602.60M 5,861.17M 4,569.63M 5,476.64M 3,439.18M 3,338.44M 5,077.14M 5,703.40M 7,203.40M 6,430.51M 8,072.03M 9,787.48M 6,737.86M 7,179.42M 7,138.72M 7,404.34M
Long-Term Debt 12,009.61M 6,105.74M 5,724.08M 4,463.61M 4,591.47M 4,250.65M 3,793.85M 4,858.94M 5,673.09M 6,073.45M 6,464.63M 6,442.70M 5,250.12M 4,052.72M 3,674.61M 3,857.20M 3,605.31M 2,447.62M 2,074.53M 2,022.75M 2,143.00M 2,905.72M 4,130.77M 4,201.57M 3,672.07M 3,706.31M 4,775.82M 3,576.89M 3,548.57M 3,461.24M 4,868.80M
Capital Lease Obligations 919.67M 1,415.70M 1,087.42M 911.95M 776.19M 703.52M 674.21M 72.50M 81.12M 79.22M 58.11M 32.57M 24.84M 13.28M 3.36M 1.13M 4.55M 2.11M 0.00M 0.00M 0.00M 0.00M 0.00M 0.02M 0.01M 0.04M 0.00M 0.00M 6.16M 0.00M 0.00M
Deferred Tax Liabilities 3,390.97M 1,525.19M 1,065.84M 998.83M 1,279.16M 1,114.94M 1,118.12M 1,295.17M 1,189.32M 852.22M 948.12M 874.92M 883.28M 1,118.94M 1,017.27M 1,032.19M 1,159.91M 990.51M 953.45M 814.19M 882.22M 982.22M 1,944.75M 2,241.19M 2,114.87M 1,816.02M 1,826.38M 1,522.38M 1,395.88M 1,344.94M 1,337.00M
Other Non-Current Liabilities 4,753.06M 3,579.08M 3,236.99M 2,303.26M 1,821.61M 2,874.16M 2,480.47M 2,112.31M 2,113.02M 2,102.61M 2,077.32M 1,645.96M 1,648.69M 1,051.48M 1,285.93M 1,155.55M 979.72M 647.84M 1,035.56M 869.89M 614.18M 518.69M 3,241.15M 2,331.52M 2,223.95M 3,299.80M 3,747.14M 3,696.59M 3,446.25M 3,345.71M 4,015.76M
Total Non-Current Liabilities 21,073.30M 12,625.71M 11,114.32M 8,677.65M 8,468.43M 8,943.27M 8,066.65M 8,338.91M 9,056.55M 9,107.49M 9,548.17M 8,996.16M 7,806.93M 6,236.42M 5,981.16M 6,046.07M 5,749.49M 4,088.08M 4,063.54M 3,706.83M 3,639.40M 4,406.63M 9,316.68M 8,774.30M 8,010.89M 8,822.17M 10,349.34M 8,795.86M 8,396.85M 8,151.89M 10,221.57M
Total Liabilities 31,654.51M 21,288.40M 16,877.63M 14,224.50M 13,819.38M 13,472.78M 13,740.44M 14,298.83M 14,322.83M 14,158.01M 13,981.47M 13,891.63M 12,348.96M 11,090.91M 10,566.47M 9,648.67M 11,610.66M 8,657.71M 9,540.18M 7,146.01M 6,977.84M 9,483.78M 15,020.07M 15,977.70M 14,441.40M 16,894.20M 20,136.81M 15,533.72M 15,576.28M 15,290.61M 17,625.91M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5.91M 76.82M 26.67M 46.74M 76.13M 86.10M
Common Stock 2,379.94M 1,744.02M 1,412.66M 1,319.43M 1,337.34M 1,370.18M 1,397.24M 1,426.21M 1,425.06M 1,402.00M 1,277.38M 1,238.23M 1,254.53M 1,430.03M 1,242.07M 613.04M 1,057.71M 556.01M 553.89M 611.46M 1,162.33M 1,382.13M 1,335.26M 1,905.35M 1,912.23M 1,931.04M 1,628.67M 678.54M 1,237.95M 271.99M 305.43M
Retained Earnings 9,466.94M 11,573.90M 13,585.99M 12,040.83M 14,525.62M 8,752.74M 13,481.82M 13,922.63M 11,354.19M 10,587.09M 9,935.75M 9,822.97M 9,130.81M 8,752.58M 5,433.08M 4,078.72M 5,704.38M 5,419.62M 10,377.86M 6,072.54M 7,504.13M 7,883.10M 4,748.84M 8,181.63M 4,893.15M 4,241.20M 3,833.96M 5,867.52M 5,908.54M 6,249.13M 6,220.25M
Accumulated OCI 17.11M 273.32M 243.27M 517.52M 122.61M 75.24M 88.32M -75.25M -184.65M 61.10M 106.32M -222.07M 70.89M -39.89M -31.35M -10.18M -0.90M -0.43M -0.35M -11.81M 15.39M 3.13M 0.75M -257.93M -181.48M -242.17M -421.40M -354.05M -15,057.36M -8,928.25M -10,408.76M
Minority Interest 1,796.66M 916.24M 611.81M 642.44M 297.21M 304.71M 386.74M 465.81M 480.20M 466.33M 499.02M 480.33M 454.32M 517.05M 510.45M 421.01M 500.64M 434.09M 366.79M 318.75M 358.44M 358.72M 489.57M 618.58M 520.64M 582.46M 574.18M 510.87M 300.22M 347.16M 385.51M
Total Shareholders’ Equity 11,863.99M 13,591.24M 15,241.91M 13,877.78M 15,985.57M 10,198.16M 14,967.39M 15,273.59M 12,594.60M 12,050.19M 11,319.45M 10,839.14M 10,456.23M 10,142.72M 6,643.81M 4,681.58M 6,761.19M 5,975.20M 10,931.41M 6,672.19M 8,681.86M 9,268.36M 6,084.84M 9,829.05M 6,623.89M 5,935.98M 5,118.05M 6,218.67M -7,864.13M -2,331.00M -3,796.98M
Total Equity 13,660.64M 14,507.48M 15,853.72M 14,520.22M 16,282.78M 10,502.87M 15,354.13M 15,739.39M 13,074.81M 12,516.52M 11,818.47M 11,319.47M 10,910.55M 10,659.77M 7,154.25M 5,102.59M 7,261.83M 6,409.29M 11,298.20M 6,990.94M 9,040.29M 9,627.08M 6,574.42M 10,447.62M 7,144.53M 6,518.45M 5,692.23M 6,729.54M -7,563.91M -1,983.84M -3,411.46M
Total Liabilities & Equity 45,315.16M 35,795.87M 32,731.35M 28,744.72M 30,102.16M 23,975.65M 29,094.57M 30,038.22M 27,397.63M 26,674.53M 25,799.93M 25,211.09M 23,259.51M 21,750.68M 17,720.72M 14,751.26M 18,872.49M 15,067.00M 20,838.38M 14,136.94M 16,018.14M 19,110.86M 21,594.49M 26,425.32M 21,585.93M 23,412.65M 25,829.04M 22,263.26M 8,012.37M 13,306.77M 14,214.45M
Tangible Assets 71,224.64M 44,050.05M 35,720.54M 34,688.04M 29,571.52M 28,208.94M 28,864.60M 34,092.82M 32,152.58M 33,846.92M 33,734.38M 28,180.11M 33,590.01M 33,226.79M 32,446.52M 28,006.94M 29,709.59M 25,789.89M 22,911.08M 20,552.81M 18,923.60M 21,089.63M 27,504.00M 31,519.84M 29,702.21M 30,370.32M 31,186.68M 31,893.03M 33,941.75M 27,171.41M 30,366.41M
Tangible Equity 12,531.57M 12,837.03M 14,695.49M 13,340.84M 15,130.72M 9,453.40M 14,468.14M 14,905.12M 12,199.98M 11,794.01M 11,058.22M 10,580.19M 10,076.02M 9,781.94M 6,410.16M 3,996.81M 6,283.13M 5,895.63M 10,826.48M 6,659.87M 8,896.40M 9,469.51M 6,341.05M 10,223.75M 6,964.46M 6,410.55M 5,489.84M 6,189.38M -8,231.63M -2,482.09M -3,960.92M
Tangible Book Value 12,531,569,271.51 12,837,032,544.75 14,695,487,411.02 13,340,840,609.65 15,130,720,771.37 9,453,395,049.99 14,468,139,904.39 14,905,115,526.20 12,199,984,738.77 11,794,012,244.30 11,058,221,029.04 10,580,187,351.95 10,076,019,940.06 9,781,937,103.41 6,410,160,264.84 3,996,810,586.56 6,283,127,276.81 5,895,625,474.33 10,826,475,830.82 6,659,874,406.56 8,896,397,371.57 9,469,506,983.02 6,341,048,485.25 10,223,749,959.14 6,964,462,655.65 6,410,548,017.60 5,489,835,915.03 6,189,375,056.54 -8,231,625,177.17 -2,482,089,673.29 -3,960,916,466.64
Total Investments 11,700.12M 4,114.90M 3,704.84M 6,574.55M 2,689.76M 4,373.97M 4,754.18M 4,702.62M 3,957.92M 3,612.82M 3,037.05M 2,910.81M 2,598.27M 2,490.15M 2,384.16M 2,355.42M 2,213.08M 2,500.91M 982.16M 405.76M 598.30M 613.82M 542.52M 470.23M 410.74M 313.26M 245.11M 489.87M 1,468.71M 672.76M 838.03M
Net Debt 11,105.65M 4,908.97M 4,472.00M 2,182.89M 3,388.50M 3,931.24M 3,042.88M 3,947.33M 5,542.14M 5,616.28M 5,869.06M 6,259.76M 4,450.04M 3,461.59M 3,172.66M 3,383.28M 3,287.81M 2,486.98M 2,085.89M 1,688.22M 1,831.22M 3,196.94M 4,672.00M 5,237.46M 4,590.33M 4,362.08M 7,278.37M 5,088.08M 4,180.69M 4,533.55M 6,132.10M

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 2,829.88M 1,501.08M 4,509.03M 3,064.29M 3,195.68M 2,539.01M 2,283.14M 2,371.59M 1,110.85M 2,180.68M 2,797.81M 4,435.61M 4,413.00M 3,188.06M 3,162.33M 2,924.61M 1,216.75M -1,623.96M 169.09M -392.50M 295.96M 1,090.63M -279.55M 962.44M 988.59M 2,024.62M -204.68M 1,086.04M 714.38M 621.05M 540.94M
Total Capital 42,603.29M 31,756.15M 27,122.56M 25,804.61M 26,801.03M 23,958.69M 24,499.40M 25,829.01M 25,395.34M 26,635.07M 27,919.87M 25,920.70M 26,068.32M 25,248.81M 23,996.22M 21,818.41M 20,440.81M 18,115.58M 16,567.95M 16,034.33M 13,067.11M 17,755.28M 21,638.18M 22,607.96M 21,609.78M 20,947.81M 22,395.14M 20,822.61M 22,070.80M 16,184.47M 18,383.61M
Capital Employed 80,737.95M 42,230.65M 32,022.22M 27,457.83M 27,939.38M 24,444.51M 24,006.09M 33,519.88M 32,147.33M 34,819.68M 37,491.58M 26,148.67M 38,812.77M 36,912.10M 33,613.82M 29,369.75M 28,796.29M 22,033.57M 21,277.10M 18,051.96M 16,035.07M 21,106.64M 23,180.33M 26,372.66M 25,069.11M 25,230.72M 26,271.80M 26,578.07M 27,433.46M 20,082.66M 22,552.33M
Invested Capital 38,832.79M 28,856.14M 24,680.73M 22,716.54M 24,594.55M 22,516.31M 22,684.57M 23,274.26M 23,786.28M 24,700.56M 25,980.43M 24,401.60M 24,557.93M 23,785.58M 22,737.62M 20,777.69M 19,389.01M 17,180.28M 15,760.85M 15,054.94M 12,217.50M 17,025.40M 20,513.55M 21,567.61M 20,495.41M 19,354.03M 21,524.86M 20,100.19M 21,093.40M 15,109.51M 17,593.91M

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 2,706.56M 2,851.03M 1,890.68M 1,940.86M 1,847.29M 2,234.51M 2,309.21M 2,228.53M 2,135.94M 2,084.94M 2,074.39M 1,858.24M 1,532.91M 1,254.92M 627.58M 581.64M 552.34M 491.09M 1,574.91M 1,385.71M 1,526.96M 1,699.59M 2,176.42M 2,625.16M 2,580.55M 2,321.79M 1,962.77M 1,928.60M 1,963.39M 1,642.94M 1,876.05M
Deferred Income Tax 6.24M 0.00M 2.75M 26.59M 18.10M -83.88M 8.68M 15.18M 25.35M -28.25M -46.05M 30.22M 67.52M 77.24M 31.96M 22.54M -0.60M 3.50M 0.00M 2.06M 0.00M 0.00M 12.21M 6.06M 9.30M 3.37M 0.00M 27.81M 89.07M 90.24M -8.08M
Stock-Based Compensation 0.00M 0.00M 0.53M 5.45M 0.77M 0.77M 4.07M 0.26M 2.10M 5.83M 3.62M 3.54M 3.67M 0.24M 0.00M 0.00M 0.00M 0.00M 0.00M 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 80.99M 92.16M -190.15M -466.83M -461.98M 185.86M -82.41M -58.11M -111.34M -73.91M 272.54M 164.12M -140.09M -155.89M -130.20M -22.67M -124.55M 108.72M -165.40M -61.10M -28.01M -130.65M 53.49M 37.36M 92.39M -370.91M -239.33M -152.40M -164.04M -349.96M 97.94M
Accounts Receivable 43.87M 55.06M 76.34M -191.56M -359.89M 116.28M -9.30M -81.29M -94.18M -50.08M 97.73M 33.25M -73.78M 2.13M -47.66M -2.26M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 125.36M 26.76M 105.62M -346.86M -403.87M 138.27M -65.13M -67.05M -81.65M -84.92M 222.24M 104.19M -49.99M -95.99M -353.31M -126.81M -102.95M 11.36M -174.67M -35.11M -158.62M -92.12M -30.65M -45.33M 138.04M -499.90M -24.58M 31.46M -27.89M -13.86M -57.27M
Accounts Payable -5.10M -10.86M -1.13M 128.75M 359.73M -57.67M 6.74M 11.97M 75.33M 55.02M -45.47M 0.00M 2.07M 0.00M 11.42M 1.89M 4.21M 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
Other Working Capital -139.56M -119.49M -197.63M -44.94M -93.44M 0.95M -56.39M 29.12M -9.00M -15.38M -35.72M -29.46M 27.42M -37.22M 5.59M -0.67M 13.63M 12.07M 58.06M -15.52M 58.14M 45.43M -25.92M 10.45M -84.25M 18.32M -173.37M -90.02M -220.18M -245.24M 137.24M
Other Non-Cash Items 126.56M 319.89M 94.35M 19.43M 123.42M 432.12M 12.18M 197.90M 277.50M 306.01M 330.62M 161.75M 81.16M -82.40M 65.67M -41.40M 275.02M 38.61M -314.57M -76.88M -149.67M -90.08M -179.71M 350.74M 155.10M -16.42M 307.25M 88.21M -133.60M -109.53M 19.77M
Net Cash from Operating Activities 6,827.25M 5,572.27M 4,451.36M 3,768.47M 4,550.14M 2,577.02M 4,466.23M 4,831.34M 3,812.18M 3,067.33M 4,089.67M 4,978.95M 3,878.76M 4,416.14M 4,967.87M 4,752.41M 3,724.33M 3,719.18M 4,637.04M 4,159.16M 4,560.42M 4,733.77M 6,417.48M 5,276.50M 5,141.73M 5,764.27M 3,833.13M 4,089.37M 4,974.64M 3,314.37M 4,276.80M
Capital Expenditures (PPE) -4,182.27M -2,985.35M -3,044.34M -1,643.61M -1,832.14M -1,998.91M -2,003.53M -1,960.70M -2,066.55M -2,047.46M -3,758.66M -4,157.70M -4,231.17M -4,444.99M -4,360.65M -3,924.94M -3,026.41M -4,126.10M -3,337.59M -2,651.16M -2,457.39M -3,014.08M -3,589.03M -3,431.63M -3,765.99M -3,236.34M -3,166.39M -3,345.32M -3,051.32M -2,474.36M -2,550.52M
Acquisitions (Net) -3.33M 7.87M -34.64M -69.26M 103.91M -0.20M -22.34M -80.19M 27.60M 39.26M 20.64M -2.93M -75.08M -14.85M -99.44M -4.13M -43.73M -51.39M -45.23M -40.08M -90.85M -39.98M -41.00M -41.90M -282.49M 32.92M -2.73M 0.03M 67.01M 97.24M 56.55M
Purchases of Investments -71.57M -91.29M -61.89M -120.06M -65.86M -152.51M -83.71M -36.17M -62.20M -173.68M -81.40M -134.44M -60.07M -20.91M -79.00M -192.64M -90.32M -123.10M -214.46M -156.90M -47.06M -71.98M -28.57M -33.40M -50.10M -65.04M -78.88M -143.91M -617.08M -601.82M -890.48M
Sales / Maturities of Investments 17.61M 10.30M 29.41M 60.31M 88.63M 88.97M 106.93M 174.66M 91.63M 65.53M 63.93M 25.87M 89.18M 31.65M 136.58M 41.78M 89.51M 91.86M 67.95M 47.60M 72.67M 31.74M 11.27M 50.23M 54.27M 43.09M 157.96M 14.44M 542.86M 531.05M 1,024.55M
Other Investing Activities 169.18M 98.27M 18.51M 219.31M 17.03M 106.80M 40.58M 178.51M -49.67M 15.78M -72.02M -240.12M 0.10M -73.56M 65.74M 33.18M -84.53M 57.33M 65.43M 88.40M 94.54M 7.48M 156.57M 116.51M 278.05M 108.02M 180.98M 58.54M -81.63M 79.13M -181.49M
Net Cash from Investing Activities -3,764.14M -3,200.31M -3,273.39M -1,551.11M -1,920.77M -2,133.13M -2,175.65M -2,354.68M -2,079.40M -1,956.53M -3,586.43M -3,465.04M -3,249.01M -3,285.70M -3,985.30M -3,369.65M -3,686.33M -4,280.15M -3,282.49M -2,386.75M -2,324.68M -2,823.09M -3,206.99M -3,287.02M -3,426.62M -2,803.71M -2,528.39M -3,171.20M -2,857.87M -2,352.16M -2,465.65M
Net Debt Issuance -198.02M -426.69M -273.65M -854.64M -350.31M 460.28M -72.11M -208.70M -283.66M -39.73M 174.23M 396.28M 519.41M 295.33M 135.77M 242.50M 463.17M 362.29M 271.92M 67.85M -103.88M -157.01M -238.85M 112.73M -140.50M -1,155.27M 203.04M 595.91M -577.47M -237.90M -961.78M
Long-Term Debt Issuance -103.22M -323.17M -228.11M -357.73M -60.12M 479.81M -10.83M -95.84M -156.54M -17.82M 96.70M 553.01M 279.21M 332.02M 136.74M 174.29M 819.77M 300.03M 245.33M 47.65M 14.63M -107.36M -238.67M -101.92M -140.50M -794.96M 290.35M 226.24M -559.36M -135.53M -896.92M
Short-Term Debt Issuance 49.82M -29.64M 4.61M -19.47M 0.31M -19.99M 4.78M -0.03M -23.69M -0.03M -15.55M 0.00M -1.19M -0.50M -1.42M -1.39M -31.94M 8.48M -0.64M 0.00M -29.83M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -1,064.92M -474.61M -215.36M -150.63M -14.83M -13.31M -67.32M -1.22M 0.00M 0.00M 0.00M -0.03M 0.25M 2.34M 5.05M 8.68M 6.54M -45.37M -240.99M -171.94M -14.53M -140.05M -3.94M 1.33M -159.96M -360.03M 27.74M -98.98M -66.11M -101.23M -42.45M
Common Stock Issuance 0.00M 0.00M 0.00M 0.01M 0.00M 0.00M 0.06M 0.00M 6.83M 0.87M 0.03M 0.03M 1.65M 13.59M 13.08M 16.77M 8.07M 30.56M 32.65M 8.87M 12.42M 9.01M 5.11M 8.72M 40.22M 57.79M 89.46M 2.65M 67.59M 19.03M 19.72M
Common Stock Repurchased -1,054.71M -477.79M -206.35M -150.57M -35.36M -24.13M -106.90M -1.49M -0.19M 0.00M 0.00M -0.09M -0.07M -0.12M -1.82M 0.00M 0.00M -207.80M -362.00M -182.44M -278.34M -247.51M -17.86M -2.36M -191.76M -361.48M 0.00M -78.70M -111.84M -200.75M -49.47M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -1,511.22M -1,347.06M -1,186.26M -880.42M -783.05M -699.56M -809.09M -640.27M -751.45M -483.67M -655.86M -684.49M -566.96M -733.07M -612.30M -380.81M -593.15M -856.66M -863.32M -803.39M -720.07M -1,071.51M -1,122.27M -1,008.75M -838.90M -632.06M -483.83M -606.50M -579.37M -556.19M -524.42M
Common Dividends Paid -1,510.71M -1,346.20M -1,165.18M -873.73M -782.53M -699.56M -875.95M -759.49M -740.67M -483.65M -652.54M -690.29M -560.30M -733.14M -472.69M -377.81M -592.49M -515.82M -744.46M -525.59M -667.79M -1,019.23M -975.94M -1,008.75M -838.90M -632.06M -483.80M -606.45M -1,133.01M -556.19M -524.41M
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 -222.17M -263.53M -192.47M -127.20M -98.31M -40.59M -61.15M -89.30M -27.53M -116.55M -127.25M -75.40M -69.70M -67.27M -79.86M -118.66M -52.74M -22.30M -49.15M -67.82M -24.60M 1.50M -63.30M -33.54M -28.35M -60.32M -16.22M 164.59M 5.72M -2.96M -16.01M
Net Cash from Financing Activities -2,678.94M -2,334.95M -1,711.90M -2,098.99M -1,366.35M -275.05M -1,344.26M -1,230.42M -977.18M -382.33M -382.36M -407.68M -509.18M -229.58M -307.46M -496.27M -220.33M -215.70M -317.13M -590.49M -543.08M -1,595.57M -1,850.37M -804.28M -1,272.41M -2,675.52M -678.20M -805.01M -1,329.97M -1,169.35M -1,648.46M
Effect of FX on Cash -2.24M 12.75M 0.49M -15.89M -12.76M 1.48M 3.91M 4.66M 2.50M -11.34M -0.05M 20.18M -6.35M -2.95M -0.91M -0.19M 5.28M -4.56M 0.01M -0.58M 0.24M -1.22M 3.00M 0.66M -34.75M -20.51M -11.65M -4.73M -49.07M 13.49M -44.22M
Net Change in Cash -193.53M -229.20M -172.51M 378.86M 300.29M 187.71M -124.73M 63.68M 74.77M -40.96M -11.19M 221.50M 24.30M 132.52M 187.55M 107.16M -40.81M 111.96M -49.55M -13.31M 209.36M 46.08M 154.98M 90.79M -115.50M 170.39M 236.63M -740.78M -8.77M 274.35M 158.74M
Cash at Beginning of Period 3,248.55M 3,455.20M 3,217.93M 2,013.68M 1,443.11M 1,963.36M 1,918.15M 1,641.46M 1,954.19M 1,865.79M 1,456.74M 1,492.75M 1,391.10M 1,230.44M 844.21M 869.30M 851.18M 653.25M 886.11M 841.48M 669.73M 823.22M 881.04M 1,068.81M 1,095.14M 970.33M 675.67M 1,099.19M 939.22M 629.34M 597.32M
Cash at End of Period 3,790.57M 2,904.82M 2,649.80M 2,821.62M 2,220.59M 1,473.69M 1,964.86M 2,599.05M 1,643.51M 1,952.71M 1,895.20M 1,497.62M 1,492.44M 1,463.90M 1,189.06M 1,060.49M 957.99M 693.66M 740.11M 978.83M 880.63M 764.42M 889.70M 960.42M 1,113.04M 1,145.38M 872.36M 514.20M 806.07M 689.79M 634.08M
Operating Cash Flow 6,847.76M 5,569.24M 4,450.83M 3,768.47M 4,550.14M 2,577.02M 4,466.23M 4,831.34M 3,812.18M 3,067.33M 4,089.67M 4,978.95M 3,878.76M 4,416.14M 4,967.84M 4,752.46M 3,712.77M 3,719.18M 4,637.04M 4,159.16M 4,552.72M 4,733.77M 6,417.48M 5,276.50M 5,141.73M 5,764.27M 3,833.13M 4,089.37M 4,974.64M 3,314.37M 4,276.80M
Capital Expenditure -4,406.91M -3,214.36M -3,087.54M -1,644.41M -1,832.18M -1,998.91M -2,003.53M -1,960.70M -2,066.55M -2,047.46M -3,758.66M -4,157.70M -4,231.17M -4,444.99M -4,360.65M -3,949.07M -3,029.77M -4,126.10M -3,337.59M -2,651.16M -2,450.11M -3,014.08M -3,589.03M -3,431.63M -3,765.99M -3,236.34M -3,166.39M -3,345.32M -3,051.32M -2,474.36M -2,550.52M
Free Cash Flow 2,668.99M 2,298.24M 1,910.46M 2,326.23M 2,724.46M 473.91M 1,280.57M 1,696.61M 1,119.99M 421.81M 246.77M 398.88M 113.34M 395.84M 786.03M 289.51M 88.94M 554.39M 827.64M 1,140.28M 2,058.65M 1,925.35M 2,359.67M 1,707.99M 1,700.37M 2,640.20M 1,071.43M 525.98M 1,148.42M 933.01M 1,725.63M

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 8,516.52M 6,330.20M 5,501.11M 6,125.49M 5,594.79M 2,300.40M 4,863.85M 6,125.93M 4,598.32M 3,362.48M 3,587.37M 4,321.51M 5,779.10M 6,531.80M 6,821.09M 2,840.10M 5,790.17M 4,576.23M 5,237.85M 4,870.67M 4,177.45M 7,610.64M 8,852.48M 7,280.21M 7,901.56M 9,566.96M 5,763.06M 4,553.12M 6,838.51M 5,097.97M 5,077.28M
(-) Tax Adjustment 3,422.31M 2,128.35M 1,554.60M 2,067.44M 1,295.11M 4,600.79M 1,635.62M 1,478.58M 787.61M 1,061.49M 1,325.00M 1,337.92M 1,581.64M 1,809.39M 1,767.23M 907.20M 1,217.73M 1,223.82M 1,585.09M 1,455.13M 1,265.54M 2,309.14M 3,208.88M 2,861.28M 3,310.94M 4,119.36M 2,280.86M 1,978.80M 2,449.66M 2,117.49M 2,316.43M
(-) Change In Working Capital 80.99M 92.16M -190.15M -466.83M -461.98M 185.86M -82.41M -58.11M -111.34M -73.91M 272.54M 164.12M -140.09M -155.89M -130.20M -22.67M -124.55M 108.72M -165.40M -61.10M -28.01M -130.65M 53.49M 37.36M 92.39M -370.91M -239.33M -152.40M -164.04M -349.96M 97.94M
(-) Capital Expenditure 4,406.91M 3,214.36M 3,087.54M 1,644.41M 1,832.18M 1,998.91M 2,003.53M 1,960.70M 2,066.55M 2,047.46M 3,758.66M 4,157.70M 4,231.17M 4,444.99M 4,360.65M 3,949.07M 3,029.77M 4,126.10M 3,337.59M 2,651.16M 2,450.11M 3,014.08M 3,589.03M 3,431.63M 3,765.99M 3,236.34M 3,166.39M 3,345.32M 3,051.32M 2,474.36M 2,550.52M
Unlevered Free Cash Flow 606.30M 895.32M 1,049.13M 2,880.47M 2,929.48M -4,485.17M 1,307.12M 2,744.77M 1,855.49M 327.44M -1,768.82M -1,338.23M 106.39M 433.31M 823.41M -1,993.51M 1,667.21M -882.41M 480.57M 825.48M 489.79M 2,418.07M 2,001.08M 949.95M 732.24M 2,582.18M 555.13M -618.60M 1,501.57M 856.09M 112.39M
(-) Net Interest Income After Taxes -218.56M -170.85M -97.02M -84.16M -157.33M 209.85M -142.04M -128.88M -115.57M -131.01M -110.36M -86.47M -58.80M -56.36M -48.18M -36.09M -77.80M -27.28M -16.70M -21.46M -40.16M -45.64M -44.28M -12.45M -13.78M -14.45M 0.00M -0.03M 0.00M -24.91M -23.43M
Net Debt Issuance -198.02M -426.69M -273.65M -854.64M -350.31M 460.28M -72.11M -208.70M -283.66M -39.73M 174.23M 396.28M 519.41M 295.33M 135.77M 242.50M 463.17M 362.29M 271.92M 67.85M -103.88M -157.01M -238.85M 112.73M -140.50M -1,155.27M 203.04M 595.91M -577.47M -237.90M -961.78M
Levered Free Cash Flow 626.84M 639.48M 872.49M 2,109.99M 2,736.50M -4,234.74M 1,377.05M 2,664.94M 1,687.40M 418.72M -1,484.22M -855.48M 684.60M 785.00M 1,007.36M -1,714.92M 2,208.19M -492.84M 769.19M 914.80M 426.07M 2,306.70M 1,806.51M 1,075.13M 605.52M 1,441.36M 758.17M -22.66M 924.10M 643.10M -825.96M