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Definitive Analysis

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Page: Industry Financials

TD-PFJ.TO

Industry Analysis

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Industry Enterprise Value

Metric MRQ 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Stock Price 130.52 65.48 45.98 39.30 39.35 44.19 38.87 38.47 35.58 44.73 39.27 33.39 34.81 35.09 33.42 30.31 34.61 30.85 26.54 69.70 43.73 40.17 56.96 31.75 20.33 24.18 24.27 21.97 27.95 23.80 19.10
Market Capitalization 93,098.34M 47,113.64M 9,114.26M 8,769.96M 8,450.09M 5,162.87M 6,584.32M 5,686.03M 6,016.44M 5,855.29M 4,744.30M 3,646.46M 4,217.07M 3,666.69M 3,491.96M 2,886.82M 3,285.34M 2,405.65M 2,528.00M 3,215.55M 3,701.07M 3,561.40M 7,997.99M 6,996.55M 5,312.22M 6,454.95M 3,846.74M 3,326.97M 4,435.28M 3,914.36M 2,894.97M
(-) Cash & Equivalents 0.00M 0.17M 5,418.18M 4,515.58M 4,992.55M 5,657.41M 5,675.70M 2,849.25M 2,251.32M 2,413.06M 2,227.86M 2,513.89M 2,307.95M 2,296.93M 2,702.91M 1,693.37M 1,687.81M 1,423.71M 1,440.05M 961.83M 845.71M 941.78M 890.25M 1,530.95M 2,605.32M 3,040.05M 958.47M 785.20M 1,010.11M 743.31M 837.55M
(+) Total Debt 126,808.81M 63,405.64M 10,383.08M 10,478.26M 9,091.48M 7,366.80M 9,130.89M 5,610.13M 5,059.51M 4,919.55M 4,432.85M 4,295.80M 3,709.38M 3,412.68M 2,637.43M 2,918.93M 2,875.15M 2,897.48M 5,177.02M 4,005.50M 5,451.98M 5,828.24M 4,567.66M 3,954.49M 4,902.67M 5,092.45M 4,663.79M 4,608.45M 4,039.67M 4,107.86M 3,875.77M
Enterprise Value 219,907,149,281.68 110,519,110,964.55 13,731,009,446.07 12,734,934,479.06 6,900,182,795.57 6,815,849,292.90 6,713,874,580.11 7,579,276,731.41 8,300,906,563.61 8,072,958,224.88 6,900,645,039.47 5,052,961,613.61 5,459,541,046.72 4,592,729,102.05 4,271,577,124.96 4,139,909,734.34 4,659,339,209.07 4,317,633,963.37 5,937,426,533.08 6,414,473,823.18 7,221,182,177.05 7,795,883,527.25 11,355,626,152.06 9,252,822,409.53 7,009,696,525.32 7,228,767,281.89 7,555,712,322.00 7,197,446,631.88 7,439,581,462.86 7,359,550,190.33 6,260,762,873.33

Industry Income Statement

Metric TTM 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue 27,054.63M 28,242.40M 9,626.08M 5,946.25M 6,894.62M 2,174.58M 4,646.88M 1,947.28M 1,783.81M 1,759.37M 1,586.77M 1,494.46M 1,357.33M 1,293.89M 1,206.13M 1,151.44M 1,064.22M 1,223.84M 1,445.22M 1,559.73M 1,517.20M 1,352.93M 3,766.69M 4,248.88M 4,269.10M 5,275.63M 2,004.10M 1,755.56M 1,716.68M 1,505.92M 1,526.18M
Cost of Revenue 7,385.50M 0.29M 1,515.02M 570.78M 453.34M 52.88M 254.22M 184.84M 90.29M 68.28M 103.34M 55.89M 36.48M 45.10M 90.74M 159.65M 209.59M 436.73M 535.27M 437.41M 406.34M 227.88M 359.49M 334.30M 450.49M 617.65M 531.20M 432.53M 430.13M 293.40M 280.13M
Gross Profit 19,669.13M 28,242.11M 8,111.06M 5,375.47M 6,441.28M 2,121.71M 4,392.66M 1,762.44M 1,693.53M 1,691.09M 1,483.43M 1,438.57M 1,320.85M 1,248.79M 1,115.39M 991.79M 854.63M 787.12M 909.95M 1,122.32M 1,110.85M 1,125.05M 3,407.19M 3,914.58M 3,818.61M 4,657.98M 1,472.90M 1,323.03M 1,286.55M 1,212.52M 1,246.05M
Gross Margin 72.7% 100.0% 84.3% 90.4% 93.4% 97.6% 94.5% 90.5% 94.9% 96.1% 93.5% 96.3% 97.3% 96.5% 92.5% 86.1% 80.3% 64.3% 63.0% 72.0% 73.2% 83.2% 90.5% 92.1% 89.4% 88.3% 73.5% 75.4% 74.9% 80.5% 81.6%
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 5,014.81M 0.07M 1,008.95M 1,004.94M 959.89M 839.72M 1,125.04M 590.78M 565.21M 532.75M 503.39M 523.24M 498.10M 494.74M 457.12M 380.47M 333.33M 339.66M 360.71M 357.36M 343.01M 335.87M 707.03M 741.56M 1,074.62M 1,369.11M 386.02M 362.33M 346.14M 342.55M 312.77M
Operating Expenses 5,014.81M 0.07M 1,008.95M 1,004.94M 959.89M 839.72M 1,125.04M 590.78M 565.21M 532.75M 503.39M 523.24M 498.10M 494.74M 457.12M 380.47M 333.33M 339.66M 360.71M 357.36M 343.01M 335.87M 707.03M 741.56M 1,074.62M 1,369.11M 386.02M 362.33M 346.14M 342.55M 312.77M
Operating Income 14,654.32M 28,242.04M 7,102.11M 4,370.53M 5,481.38M 1,281.99M 3,267.62M 1,171.65M 1,128.32M 1,158.33M 980.04M 915.33M 822.75M 754.05M 658.27M 611.32M 521.30M 447.46M 549.24M 764.95M 767.85M 789.18M 2,700.16M 3,173.02M 2,743.99M 3,288.87M 1,086.87M 960.70M 940.41M 869.97M 933.28M
Operating Margin 54.2% 100.0% 73.8% 73.5% 79.5% 59.0% 70.3% 60.2% 63.3% 65.8% 61.8% 61.2% 60.6% 58.3% 54.6% 53.1% 49.0% 36.6% 38.0% 49.0% 50.6% 58.3% 71.7% 74.7% 64.3% 62.3% 54.2% 54.7% 54.8% 57.8% 61.2%
Interest Income 0.00M 0.06M 1,331.64M 1,268.00M 959.96M 711.70M 753.29M 715.35M 633.74M 554.59M 507.80M 501.68M 511.65M 525.71M 656.25M 708.90M 684.70M 700.56M 1,012.84M 1,054.44M 1,006.44M 890.66M 854.91M 966.50M 1,097.83M 1,344.32M 1,642.62M 1,406.79M 1,423.49M 1,188.56M 1,325.53M
Interest Expense 0.00M 0.00M 611.00M 543.17M 152.89M 74.82M 113.66M 195.47M 120.68M 89.35M 95.56M 97.58M 200.54M 134.02M 152.25M 249.34M 165.77M 231.20M 401.31M 469.80M 455.71M 279.01M 268.62M 596.21M 662.32M 560.25M 795.61M 627.49M 660.95M 617.91M 606.77M
Net Interest Income 0.00M 0.06M 720.64M 724.83M 807.07M 636.88M 639.62M 519.89M 513.06M 465.24M 412.24M 404.10M 311.11M 391.70M 504.00M 459.56M 518.93M 469.36M 611.53M 584.64M 550.74M 611.65M 586.29M 370.29M 435.51M 784.07M 847.00M 779.30M 762.55M 570.65M 718.77M
Other Income / Expense -9,384.92M -24,053.68M -6,710.75M -4,048.29M -5,559.88M -1,193.33M -3,617.36M -1,013.29M -1,017.31M -1,047.51M -1,102.77M -970.53M -777.59M -961.76M -902.13M -862.10M -889.71M -840.16M -1,018.08M -989.12M -899.24M -924.99M -2,372.63M -2,907.72M -2,868.35M -3,702.17M -1,518.29M -1,326.94M -1,320.36M -1,080.21M -1,330.25M
Pre-Tax Income 5,269.40M 4,188.42M 1,111.99M 1,047.07M 728.57M 725.54M 289.89M 678.25M 624.07M 576.06M 289.51M 348.90M 356.27M 183.98M 260.15M 208.78M 150.52M 76.67M 142.69M 360.47M 419.34M 475.84M 913.82M 635.58M 311.14M 370.77M 415.59M 413.06M 382.59M 360.41M 321.80M
Pre-Tax Margin 19.5% 14.8% 11.6% 17.6% 10.6% 33.4% 6.2% 34.8% 35.0% 32.7% 18.2% 23.3% 26.2% 14.2% 21.6% 18.1% 14.1% 6.3% 9.9% 23.1% 27.6% 35.2% 24.3% 15.0% 7.3% 7.0% 20.7% 23.5% 22.3% 23.9% 21.1%
Income Tax Expense 1,290.97M 1,024.44M 215.20M 208.10M 189.03M 139.02M 62.65M 164.19M 111.28M 143.26M 127.64M 73.72M 106.64M 47.88M 59.78M 69.99M 45.24M 15.81M 37.45M 101.32M 127.47M 126.75M 259.67M 199.67M 77.48M 64.38M 141.72M 140.49M 130.41M 119.26M 105.10M
Tax Rate 24.5% 24.5% 19.4% 19.9% 25.9% 19.2% 21.6% 24.2% 17.8% 24.9% 35.0% 21.1% 29.9% 26.0% 23.0% 33.5% 30.1% 20.6% 26.2% 28.1% 30.4% 26.6% 28.4% 31.4% 24.9% 17.4% 34.1% 34.0% 34.1% 33.1% 32.7%
Net Income 3,978.43M 3,163.98M 896.79M 838.97M 539.54M 586.51M 227.23M 514.05M 512.79M 432.80M 161.87M 275.17M 249.63M 136.10M 200.37M 138.79M 105.29M 60.85M 105.24M 259.14M 291.87M 349.09M 654.15M 435.91M 233.66M 306.40M 273.87M 272.57M 252.18M 241.15M 216.70M
Net Margin 14.7% 11.2% 9.3% 14.1% 7.8% 27.0% 4.9% 26.4% 28.7% 24.6% 10.2% 18.4% 18.4% 10.5% 16.6% 12.1% 9.9% 5.0% 7.3% 16.6% 19.2% 25.8% 17.4% 10.3% 5.5% 5.8% 13.7% 15.5% 14.7% 16.0% 14.2%
EBIT 14,654.32M 28,242.04M 7,102.11M 4,370.53M 5,481.38M 1,281.99M 3,267.62M 1,171.65M 1,128.32M 1,158.33M 980.04M 915.33M 822.75M 754.05M 658.27M 611.32M 521.30M 447.46M 549.24M 764.95M 767.85M 789.18M 2,700.16M 3,173.02M 2,743.99M 3,288.87M 1,086.87M 960.70M 940.41M 869.97M 933.28M
Depreciation & Amortization 0.02M 0.02M 31.80M 15.75M 50.72M 35.96M 66.32M 70.18M 61.49M 63.42M 49.13M 35.96M 13.94M 38.22M 46.87M 62.48M 35.28M 51.74M 60.25M 51.05M 90.15M 83.14M 152.77M 59.04M 51.22M 67.31M 48.05M 49.13M 64.42M 50.20M 54.75M
EBITDA 14,654.34M 28,242.07M 7,133.91M 4,386.28M 5,532.10M 1,317.95M 3,333.94M 1,241.83M 1,189.80M 1,221.75M 1,029.18M 951.29M 836.69M 792.27M 705.14M 673.80M 556.58M 499.20M 609.49M 816.00M 857.99M 872.32M 2,852.93M 3,232.05M 2,795.20M 3,356.17M 1,134.92M 1,009.82M 1,004.83M 920.17M 988.03M
EBITDA Margin 54.2% 100.0% 74.1% 73.8% 80.2% 60.6% 71.7% 63.8% 66.7% 69.4% 64.9% 63.7% 61.6% 61.2% 58.5% 58.5% 52.3% 40.8% 42.2% 52.3% 56.6% 64.5% 75.7% 76.1% 65.5% 63.6% 56.6% 57.5% 58.5% 61.1% 64.7%
NOPAT 11,064.11M 21,334.37M 5,727.64M 3,501.90M 4,059.19M 1,036.34M 2,561.38M 888.01M 927.13M 870.27M 637.03M 721.91M 576.48M 557.80M 507.01M 406.39M 364.63M 355.18M 405.09M 549.93M 534.44M 578.97M 1,932.89M 2,176.21M 2,060.64M 2,717.82M 716.25M 633.94M 619.85M 582.10M 628.47M
NOPAT Margin 40.9% 75.5% 59.5% 58.9% 58.9% 47.7% 55.1% 45.6% 52.0% 49.5% 40.1% 48.3% 42.5% 43.1% 42.0% 35.3% 34.3% 29.0% 28.0% 35.3% 35.2% 42.8% 51.3% 51.2% 48.3% 51.5% 35.7% 36.1% 36.1% 38.7% 41.2%
Owner's Earnings 3,978.45M 3,164.00M 928.59M 854.72M 590.26M 622.47M 293.55M 584.23M 574.28M 496.22M 211.00M 311.13M 263.57M 174.32M 247.23M 201.27M 140.57M 112.59M 165.49M 310.19M 382.02M 432.23M 806.92M 494.95M 284.87M 373.70M 321.92M 321.70M 316.60M 291.35M 271.45M
Owner's Earnings Margin 14.7% 11.2% 9.6% 14.4% 8.6% 28.6% 6.3% 30.0% 32.2% 28.2% 13.3% 20.8% 19.4% 13.5% 20.5% 17.5% 13.2% 9.2% 11.5% 19.9% 25.2% 31.9% 21.4% 11.6% 6.7% 7.1% 16.1% 18.3% 18.4% 19.3% 17.8%
EPS 8.77 8.67 2.00 1.77 1.14 2.53 1.06 2.36 2.25 1.89 1.03 1.68 1.55 0.84 1.33 0.99 0.77 0.49 0.74 1.74 1.90 2.12 4.24 2.57 1.26 1.58 2.91 2.84 2.52 2.52 2.14
EPS (Diluted) 8.77 8.67 2.00 1.77 1.14 2.53 1.06 2.36 2.25 1.89 1.03 1.68 1.55 0.84 1.33 0.99 0.77 0.49 0.74 1.74 1.90 2.12 4.24 2.57 1.26 1.58 2.91 2.84 2.52 2.52 2.14
Shares (Diluted) 453.81M 365.08M 447.38M 473.99M 473.64M 231.83M 214.67M 217.66M 228.00M 229.42M 157.52M 163.93M 160.70M 161.45M 150.52M 139.90M 137.56M 123.97M 141.73M 148.51M 153.64M 164.65M 154.25M 169.73M 185.15M 193.53M 94.00M 96.14M 99.91M 95.59M 101.06M

Industry Balance Sheet

Metric MRQ 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Cash & Cash Equivalents 0.00M 0.17M 5,698.82M 4,831.46M 5,070.92M 5,805.29M 5,747.75M 2,899.40M 2,251.32M 2,413.06M 2,227.87M 2,513.89M 2,306.48M 2,296.94M 2,702.99M 1,693.69M 1,687.81M 1,328.71M 1,440.05M 961.83M 845.71M 941.78M 890.25M 1,530.95M 2,605.32M 3,440.41M 1,118.58M 915.43M 1,251.85M 884.63M 6,465.60M
Short-Term Investments 0.00M 0.31M -77.83M 4,346.43M 4,820.58M 8,335.92M 6,255.97M 3,552.04M 4,166.20M 3,808.30M 3,336.59M 2,395.31M 1,860.17M 2,057.59M 2,127.97M 2,186.08M 1,267.09M 698.92M 1,919.14M 1,396.29M 1,196.64M 1,264.97M 0.00M 7.78M 63.20M 70.04M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 0.00M 0.48M 5,620.99M 9,177.89M 9,891.49M 14,141.21M 12,003.72M 6,451.44M 6,417.52M 6,221.36M 5,564.46M 4,909.20M 4,166.65M 4,354.53M 4,830.97M 3,879.76M 2,954.89M 2,027.62M 3,359.19M 2,358.12M 2,042.35M 2,206.75M 890.25M 1,538.72M 2,668.52M 3,510.45M 1,118.58M 915.43M 1,251.85M 884.63M 6,465.60M
Net Receivables 0.00M 0.00M 531.56M 412.29M 624.00M 274.15M 497.03M 359.29M 151.25M 142.62M 169.87M 204.32M 185.99M 152.29M 227.42M 112.17M 310.51M 127.44M 222.94M 171.04M 99.15M 173.73M 4.13M 46.99M 15.12M 62.13M 30.76M 30.86M 114.16M 5.47M 21.22M
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 0.00M 162,075.59M 11.31M 0.27M 28.07M 39.54M 46.05M 59.40M 6.61M 8.87M 19.97M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Current Assets 0.00M 162,076.07M 6,163.86M 9,590.45M 10,543.56M 14,454.91M 12,546.80M 6,870.13M 6,575.38M 6,372.85M 5,754.29M 5,113.52M 4,352.64M 4,506.82M 5,058.39M 3,991.93M 3,265.40M 2,155.06M 3,582.13M 2,529.16M 2,141.50M 2,380.48M 894.39M 1,585.72M 2,683.64M 3,572.58M 1,149.34M 946.29M 1,366.01M 890.10M 6,486.82M
Property, Plant & Equipment 4,534.33M 2,267.21M 544.02M 538.88M 525.66M 448.47M 492.50M 434.38M 391.57M 379.04M 356.00M 328.79M 314.26M 307.87M 295.51M 250.26M 214.83M 225.54M 249.10M 238.07M 221.66M 225.26M 236.20M 224.99M 231.11M 233.04M 270.31M 270.94M 331.80M 278.18M 738.63M
Goodwill 12,182.19M 6,091.10M 341.25M 340.77M 305.83M 297.85M 368.31M 372.35M 548.11M 374.83M 361.53M 360.81M 353.00M 379.41M 373.51M 229.35M 195.48M 153.93M 128.41M 131.36M 5.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 3,450.79M 1,725.39M 232.84M 266.41M 281.12M 144.57M 349.76M 128.54M 118.10M 109.34M 106.41M 103.65M 101.45M 97.82M 84.66M 62.13M 69.71M 35.24M 32.93M 46.43M 46.02M 53.93M 4.69M 3.02M 5.27M 5.50M 7.80M 5.93M 88.11M 0.00M 2.12M
Long-Term Investments 0.00M 0.00M 18,198.51M 17,548.33M 19,808.34M 17,617.09M 17,693.17M 13,450.39M 13,349.79M 12,502.54M 11,758.06M 10,233.35M 9,742.48M 9,504.73M 10,504.93M 13,447.31M 14,436.41M 14,817.63M 17,582.03M 17,509.24M 16,064.88M 15,952.62M 30,138.57M 23,310.05M 23,056.49M 32,005.09M 20,478.50M 17,122.80M 14,731.66M 12,318.90M 16,119.14M
Tax Assets 1,981.41M 990.77M 103.75M 57.66M 211.50M 85.63M 116.25M 207.72M 78.36M 33.32M 36.54M 10.54M 9.56M 5.82M 6.48M 0.00M 0.00M 0.00M 0.00M 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 Non-Current Assets -22,148.72M -11,074.32M 21,946.87M 13,411.64M 3,451.36M 1,911.82M 8,035.97M 1,529.75M 9,230.75M 6,570.47M 6,145.83M 1,608.56M 6,921.09M 7,868.01M 481.24M 179.84M -73.79M -751.43M -577.03M -660.20M -249.06M -141.05M -23,457.34M 531.91M 674.31M -21,910.28M 771.71M 697.94M 766.84M 569.95M 663.48M
Other Assets 1,071,065.42M 373,460.67M 0.00M 413.15M 229.10M 1,354.63M 1,369.74M 1,270.14M 986.96M 1,163.66M 1,018.56M 1,130.36M 1,566.73M 1,580.97M 9,312.85M 3,207.89M 2,374.65M 2,309.78M 6,668.41M 6,364.50M 6,481.80M 6,154.11M 1,573.15M 1,639.78M 31,633.53M 37,405.47M 5.34M 1.87M 0.00M 2,104.01M 13,316.31M
Total Non-Current Assets 1,071,065.42M 373,460.83M 41,367.24M 32,576.84M 24,812.91M 21,860.06M 28,425.70M 17,393.28M 24,703.65M 21,133.19M 19,782.93M 13,776.06M 19,008.56M 19,744.63M 21,059.18M 17,376.77M 17,217.28M 16,790.69M 24,083.84M 23,629.40M 22,570.81M 22,244.87M 8,495.28M 25,709.76M 55,600.71M 47,738.83M 21,533.66M 18,099.48M 15,918.41M 15,271.03M 30,839.69M
Total Assets 1,071,065.42M 535,536.90M 47,531.10M 42,167.28M 35,356.47M 36,314.98M 40,972.50M 24,263.41M 31,279.02M 27,506.04M 25,537.22M 18,889.58M 23,361.20M 24,251.45M 26,117.57M 21,368.70M 20,482.67M 18,945.75M 27,665.97M 26,158.56M 24,712.30M 24,625.36M 9,389.66M 27,295.47M 58,284.36M 51,311.41M 22,683.00M 19,045.77M 17,284.41M 16,161.13M 37,326.51M
Accounts Payable 0.00M 0.00M 79.75M 62.35M 103.74M 40.21M 31.18M 13.47M 10.44M 6.77M 13.33M 8.35M 7.79M 6.68M 6.08M 4.57M 13.57M 10.43M 35.39M 99.64M 40.87M 0.47M 0.00M 0.00M 1.12M 2.35M 2.94M 2.41M 2.77M 0.00M 0.78M
Short-Term Debt 100,798.81M 50,399.41M 988.73M 1,074.26M 1,311.49M 393.83M 949.34M 550.67M 579.53M 348.49M 234.81M 107.80M 59.11M 108.09M 149.23M 78.42M 96.12M 126.85M 420.09M 621.24M 147.58M 251.97M 1,256.92M 663.62M 1,032.72M 872.73M 1,479.26M 1,438.81M 2,981.24M 2,121.15M 7,873.54M
Tax Payables 0.00M 0.00M 12.53M 15.47M 19.40M 18.95M 9.37M 9.65M 6.99M 9.29M 6.71M 5.17M 6.07M 6.16M 8.73M 2.88M 2.29M 5.28M 0.50M 12.21M 9.61M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -100,798.81M 237,940.76M 22,686.94M 18,952.79M 15,268.60M 13,465.17M 13,391.78M 10,469.73M 7,808.58M 7,251.55M 6,233.04M 6,191.80M 5,450.54M 4,890.54M 4,185.08M 6,526.91M 5,714.46M 5,681.14M 7,251.60M 7,062.74M 6,459.56M 6,372.53M 7,858.56M 6,887.81M 6,697.24M 7,515.15M 7,592.91M 7,181.73M 8,601.98M 6,749.96M 8,092.18M
Total Current Liabilities 0.00M 288,340.17M 23,767.95M 20,104.87M 16,703.22M 13,918.16M 14,381.67M 11,043.51M 8,405.55M 7,616.11M 6,487.89M 6,313.13M 5,523.51M 5,011.47M 4,349.12M 6,612.78M 5,826.45M 5,823.69M 7,707.58M 7,795.83M 6,657.61M 6,624.97M 9,115.48M 7,551.43M 7,731.09M 8,390.23M 9,075.11M 8,622.94M 11,585.98M 8,871.11M 15,966.50M
Long-Term Debt 23,623.89M 11,813.18M 7,386.68M 7,800.84M 6,921.16M 4,337.20M 6,744.40M 3,027.53M 3,753.52M 3,421.43M 2,643.04M 2,826.36M 2,892.17M 2,339.36M 2,794.12M 2,491.44M 2,451.00M 2,494.75M 4,231.12M 2,657.31M 3,140.43M 3,100.21M 3,314.40M 2,817.46M 2,586.90M 2,779.57M 2,732.38M 2,927.87M 2,248.19M 1,582.08M 1,763.34M
Capital Lease Obligations 0.00M 0.00M 0.00M 42.39M 60.27M 55.53M 85.08M 69.75M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.73M 0.36M 0.00M 0.00M 4.20M 4.09M 0.00M 2.10M 2.04M 4.58M 8.53M 0.22M 0.00M 0.00M 3.92M 0.00M 0.00M 0.00M 0.00M 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 Non-Current Liabilities -26,010.72M -13,005.32M 21,622.25M 4,053.73M 8,367.81M 848.96M 8,624.31M 229.16M 13,048.06M 977.77M 702.48M 876.93M 496.50M 517.56M 213.84M -230.65M 296.53M 218.74M 548.34M 430.74M 381.47M 367.84M 61.49M -15.17M 11.96M -1,072.17M 244.40M 226.29M 254.92M 157.17M 181.76M
Total Non-Current Liabilities -2,386.11M -1,191.77M 29,008.93M 11,896.97M 15,353.43M 5,245.78M 15,453.79M 3,328.54M 16,803.62M 4,403.78M 3,354.04M 3,703.51M 3,388.68M 2,856.93M 3,011.89M 2,260.79M 2,747.53M 2,713.49M 4,779.46M 3,088.04M 3,521.90M 3,468.05M 3,375.89M 2,802.30M 2,598.86M 1,707.40M 2,976.78M 3,154.16M 2,503.12M 1,739.25M 1,945.10M
Total Liabilities -2,386.11M 287,148.40M 52,776.88M 32,001.83M 32,056.66M 19,163.94M 29,835.46M 14,372.05M 25,209.17M 12,019.88M 9,841.93M 10,016.64M 8,912.18M 7,868.40M 7,361.01M 8,873.57M 8,573.98M 8,537.18M 12,487.04M 10,883.87M 10,179.51M 10,093.02M 12,491.37M 10,353.73M 10,329.95M 10,097.63M 12,051.89M 11,777.10M 14,089.10M 10,610.36M 17,911.60M
Preferred Stock 6,495.43M 3,247.71M 14.67M 109.01M 83.01M 57.18M 89.45M 10.75M 11.15M 11.15M 10.75M 2.54M 2.13M 2.21M 1.95M 0.00M 0.00M 0.00M 1.89M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 28.57M 28.57M 33.33M 83.33M 70.00M
Common Stock 16,941.35M 8,471.06M 644.52M 654.12M 643.51M 635.25M 820.44M 759.26M 381.85M 1,152.17M 1,192.94M 1,191.48M 1,158.07M 1,075.89M 981.35M 211.52M 212.51M 198.35M 536.31M 512.12M 566.88M 611.94M 586.65M 412.86M 440.24M 556.42M 577.91M 420.20M 477.77M 0.00M 0.00M
Retained Earnings 34,360.64M 17,181.80M 4,145.71M 8,491.33M 8,093.41M 3,341.80M 2,720.52M 1,621.91M 1,636.41M 1,934.29M 852.86M 764.90M 627.81M 521.41M 439.54M 364.60M 562.82M 460.01M 1,234.47M 1,568.34M 1,631.24M 1,160.15M 1,261.73M 1,025.22M 1,083.14M 1,181.69M 1,188.42M 972.40M 941.20M 796.19M 1,442.72M
Accumulated OCI 5,791.93M 2,895.96M 182.29M 304.40M -296.52M 306.32M 313.47M 248.15M -36.81M -10.76M -20.76M -1.94M -32.21M -41.30M -25.11M -10.40M -1.97M -6.43M -6.51M 3.61M -8.76M -6.82M 47.11M 225.68M 578.10M 295.54M 29.07M 9.69M 22.78M 0.52M -0.24M
Minority Interest 35.54M 17.77M 44.24M 12.48M 10.80M 3.82M 5.92M 2.41M 2.24M 1.39M 4.06M 7.29M 44.15M 36.75M 33.78M 12.57M 11.80M 11.07M 9.08M 6.30M 9.11M 6.34M 19.63M 19.03M 147.37M 31.11M 34.42M 37.31M 43.14M 0.00M 399.99M
Total Shareholders’ Equity 63,589.35M 31,796.54M 4,987.20M 9,558.85M 8,523.40M 4,340.56M 3,943.88M 2,640.08M 1,992.60M 3,086.84M 2,035.79M 1,956.98M 1,755.80M 1,558.22M 1,397.72M 565.73M 773.37M 651.93M 1,766.16M 2,084.07M 2,189.37M 1,765.27M 1,895.49M 1,663.76M 2,101.48M 2,033.64M 1,823.98M 1,430.86M 1,475.09M 880.04M 1,512.48M
Total Equity 63,624.88M 31,814.31M 5,031.44M 9,571.34M 8,534.21M 4,344.37M 3,949.81M 2,642.49M 1,994.84M 3,088.22M 2,039.85M 1,964.28M 1,799.95M 1,594.97M 1,431.50M 578.30M 785.16M 663.00M 1,775.25M 2,090.37M 2,198.48M 1,771.61M 1,915.12M 1,682.79M 2,248.85M 2,064.75M 1,858.40M 1,468.17M 1,518.22M 880.04M 1,912.47M
Total Liabilities & Equity 61,238.78M 318,962.72M 57,808.32M 41,573.17M 40,590.86M 23,508.31M 33,785.27M 17,014.54M 27,204.01M 15,108.11M 11,881.78M 11,980.92M 10,712.14M 9,463.36M 8,792.51M 9,451.87M 9,359.14M 9,200.18M 14,262.29M 12,974.24M 12,377.99M 11,864.63M 14,406.50M 12,036.52M 12,578.81M 12,162.38M 13,910.28M 13,245.27M 15,607.32M 11,490.40M 19,824.07M
Tangible Assets 1,055,432.44M 527,720.41M 46,957.01M 41,560.11M 34,769.52M 35,872.55M 40,254.43M 23,762.52M 30,612.82M 27,021.87M 25,069.29M 18,425.13M 22,906.75M 23,774.22M 25,659.40M 21,077.23M 20,217.49M 18,756.58M 27,504.63M 25,980.77M 24,660.78M 24,571.43M 9,384.97M 27,292.46M 58,279.08M 51,305.91M 22,675.20M 19,039.84M 17,196.30M 16,161.13M 37,324.39M
Tangible Equity 47,991.90M 23,997.82M 4,457.35M 8,964.16M 7,947.26M 3,901.95M 3,231.74M 2,141.59M 1,328.63M 2,604.06M 1,571.92M 1,499.82M 1,345.51M 1,117.74M 973.34M 286.83M 519.98M 473.83M 1,613.91M 1,912.58M 2,146.96M 1,717.68M 1,910.43M 1,679.78M 2,243.58M 2,059.25M 1,850.60M 1,462.24M 1,430.11M 880.04M 1,910.35M
Tangible Book Value 47,991,904,720.00 23,997,821,200.23 4,457,354,774.36 8,964,162,882.77 7,947,256,828.14 3,901,947,222.80 3,231,735,701.04 2,141,593,205.58 1,328,632,521.48 2,604,060,666.89 1,571,919,133.04 1,499,820,581.65 1,345,507,859.02 1,117,735,199.72 973,339,994.91 286,829,729.36 519,979,200.88 473,828,469.02 1,613,908,000.03 1,912,578,355.46 2,146,957,458.98 1,717,682,372.85 1,910,430,106.02 1,679,775,661.46 2,243,578,795.40 2,059,246,695.53 1,850,600,529.93 1,462,236,095.80 1,430,111,537.95 880,039,350.00 1,910,348,642.80
Total Investments 0.00M 0.31M 20,664.37M 20,407.40M 25,092.17M 21,732.78M 22,375.75M 14,861.36M 15,190.49M 14,413.51M 13,208.02M 11,140.68M 10,333.20M 10,097.71M 11,777.51M 14,651.47M 15,456.58M 15,907.98M 19,589.33M 19,094.45M 17,172.86M 17,124.68M 30,138.57M 23,317.83M 23,119.70M 32,075.13M 20,478.50M 17,122.80M 14,731.66M 12,318.90M 16,119.14M
Net Debt 124,422.70M 62,212.42M 2,676.59M 4,043.64M 3,161.73M -1,074.26M 1,945.98M 678.79M 2,081.73M 1,356.87M 649.97M 420.27M 644.80M 150.52M 240.36M 876.18M 859.31M 1,292.89M 3,211.16M 2,316.71M 2,442.30M 2,410.40M 3,681.06M 1,950.14M 1,014.31M 211.89M 3,093.06M 3,451.25M 3,977.58M 2,818.60M 3,171.28M

Industry Capital Metrics

Metric MRQ 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Working Capital 0.00M -126,264.10M -17,975.10M -12,707.44M -8,195.91M -1,087.83M -5,214.52M -2,658.55M -8,033.36M -6,248.03M -5,821.95M -4,667.73M -3,342.97M -3,008.48M -2,349.81M -5,420.03M -5,788.98M -6,774.46M -8,304.30M -8,528.31M -8,660.39M -7,781.76M -15,127.08M -10,687.47M -11,311.51M -6,911.41M -9,684.59M -8,783.74M -15,876.31M -13,720.10M -10,062.80M
Total Capital 190,668.68M 95,338.48M 16,993.18M 17,078.39M 17,737.63M 11,415.59M 19,122.83M 9,548.03M 8,876.17M 8,708.96M 8,007.28M 7,710.68M 6,960.79M 6,598.96M 5,682.77M 5,840.29M 5,602.70M 5,133.17M 8,145.65M 6,635.62M 7,852.65M 8,267.48M 9,288.87M 8,554.96M 9,772.75M 12,182.65M 7,340.91M 6,900.42M 6,665.18M 6,324.93M 11,697.67M
Capital Employed 1,071,065.42M 247,196.73M 163,291.93M 161,307.29M 157,372.99M 34,398.74M 150,246.44M 26,827.23M 21,501.70M 22,340.85M 21,667.08M 22,497.45M 22,717.46M 22,433.74M 22,257.73M 16,677.98M 13,545.48M 13,022.97M 14,604.62M 13,885.94M 12,505.64M 12,907.88M 62,911.06M 63,187.69M 58,799.39M 77,674.70M 12,318.00M 9,617.22M 4,465.59M 4,599.77M 21,037.87M
Invested Capital 190,668.68M 95,338.30M 11,294.36M 12,246.93M 12,666.71M 5,610.29M 13,375.08M 6,648.63M 6,624.84M 6,295.90M 5,779.41M 5,196.79M 4,654.32M 4,302.03M 2,979.78M 4,146.60M 3,914.89M 3,804.46M 6,705.60M 5,673.79M 7,006.94M 7,325.70M 8,398.62M 7,024.01M 7,167.43M 8,742.24M 6,222.33M 5,984.99M 5,413.33M 5,440.30M 5,232.06M

Industry Cash Flow

Metric TTM 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Depreciation & Amortization 583.83M 0.02M 61.65M 67.92M 78.91M 62.68M 126.06M 84.70M 74.18M 68.74M 49.22M 49.66M 45.00M 52.97M 69.70M 55.43M 44.39M 65.25M 46.31M 51.29M 91.43M 88.45M 162.15M 58.85M 55.39M 76.68M 56.11M 57.42M 64.42M 50.20M 54.75M
Deferred Income Tax 0.00M 0.00M 0.00M -5.20M -8.64M 7.66M -16.60M -3.59M 0.77M 6.49M -1.79M -6.90M 1.44M -2.07M 2.07M 13.17M -4.65M -4.85M -0.91M -12.50M 1.39M -0.89M -0.92M 0.17M -0.60M 0.37M -0.27M -0.08M -0.26M -0.26M -0.27M
Stock-Based Compensation 0.00M 0.00M 7.74M 10.52M 17.71M 9.24M 9.91M 11.77M 9.67M 8.98M 6.70M 6.44M 5.95M 7.07M 8.56M 0.03M 0.00M 0.02M 0.00M 0.37M 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 42,048.76M 12,438.94M -62.33M -364.55M 96.64M -88.77M 644.60M -214.64M 78.14M -144.48M 98.41M 58.44M -269.67M 26.64M 276.43M 327.22M 154.39M -296.24M 20.54M 224.42M -188.81M -150.04M 60.81M -61.12M -0.02M -56.51M -20.85M 34.75M -115.56M 56.33M -14.96M
Accounts Receivable -421.38M 0.00M 0.05M -0.42M -3.68M 0.00M 0.00M 0.00M 0.00M -0.73M 0.00M 0.01M 0.00M 0.00M 0.00M 0.36M 2.50M 6.95M 7.31M 0.16M -0.89M -0.22M -0.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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
Accounts Payable 0.00M 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 0.00M 0.00M 0.00M 0.00M 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 42,470.14M 12,438.92M -66.06M -356.98M 289.83M -95.62M 682.11M -92.29M -215.39M -330.44M -271.97M 100.06M -243.17M -230.39M 66.29M 251.81M 185.81M -284.80M -15.41M 209.76M -224.26M -284.44M 23.18M -58.88M -65.57M -1.58M -20.86M 37.51M 3.71M 60.07M -13.80M
Other Non-Cash Items 2,769.75M -1,314.53M 214.49M 805.45M 287.08M -88.51M 424.50M 393.89M -25.70M 72.64M -50.87M 87.52M -3.95M 40.56M 0.29M -31.72M 78.63M 288.28M 245.75M 75.07M 308.78M 295.01M -22.50M 202.27M 145.42M 154.44M 76.20M 65.81M 57.09M 34.37M 231.38M
Net Cash from Operating Activities 50,234.05M 14,282.61M 478.58M 330.58M 601.00M 442.55M 832.99M 400.39M 401.05M 390.32M 272.33M 421.19M -80.36M 307.30M 351.11M 633.19M 406.81M 137.09M 461.86M 470.23M 453.01M 631.17M 669.78M 248.54M 381.92M 319.62M 235.07M 234.38M 258.65M 304.42M 504.10M
Capital Expenditures (PPE) -954.80M -627.00M -72.14M -72.15M -69.67M -62.26M -66.25M -59.28M -51.23M -61.40M -68.51M -53.23M -61.10M -55.99M -32.57M -36.83M -29.76M -37.77M -72.79M -40.32M -38.88M -40.60M -48.92M -22.81M -35.87M -38.12M -37.62M -38.41M -55.92M -51.84M -44.10M
Acquisitions (Net) 0.00M 0.00M 0.00M -2.51M 56.88M -22.40M 18.38M -81.39M 0.24M 0.04M -5.84M 0.64M -1.41M -1.39M -0.20M 8.51M 4.02M 11.06M -6.83M -21.67M -1.21M -12.14M 1.08M 3.62M 4.21M 12.29M 8.63M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -43,139.92M -42,675.39M -974.76M -554.49M -2,387.07M -2,293.31M -1,829.89M -689.38M -1,164.64M -916.27M -742.49M -659.79M -533.71M -381.92M -604.21M -752.58M -1,598.70M -1,330.68M -1,585.50M -1,507.06M -1,185.54M -520.56M -1,932.67M -3,634.52M -3,710.84M -3,429.79M -2,544.72M -2,443.12M -2,499.02M -22,695.24M -12,043.07M
Sales / Maturities of Investments 30,592.92M 29,070.60M 1,071.15M 939.16M 3,648.69M 1,718.30M 1,566.37M 1,421.49M 1,119.25M 1,013.04M 644.65M 383.05M 507.55M 486.44M 493.72M 821.34M 705.59M 1,723.43M 1,297.00M 1,032.00M 1,050.60M 447.34M 1,863.72M 3,992.96M 10,054.11M 5,873.97M 2,515.82M 2,236.63M 3,298.48M 22,524.53M 12,468.10M
Other Investing Activities 2,416.93M 281.23M -611.99M -497.22M -1,369.10M -104.76M -699.44M -202.45M -377.80M -271.05M -179.01M -290.03M -228.77M -275.72M -407.85M -70.08M 354.85M 603.62M 12.49M 46.34M -153.49M -738.12M -479.30M -256.23M -715.14M -854.24M -716.20M -868.09M -1,112.36M -1,192.56M -1,134.05M
Net Cash from Investing Activities -11,084.87M -13,950.56M -644.64M -609.82M -1,463.09M -1,606.55M -3,439.08M -188.92M -839.74M -1,126.71M -1,077.90M -766.93M -390.19M -315.26M -635.80M -240.80M -223.90M 971.35M -1,130.60M -1,485.78M -937.22M -1,171.39M -1,497.21M -818.17M -1,273.11M -328.89M -1,129.56M -1,149.55M -1,131.09M -1,252.40M -646.60M
Net Debt Issuance 7,365.74M 8,399.41M 183.05M -281.14M 912.17M 96.98M 44.46M 4.89M 281.43M 57.41M 107.36M 49.50M 59.78M -124.40M 52.72M 2.43M 13.47M -327.14M -98.85M 200.03M 52.01M 2.09M 30.29M 530.61M 271.15M -941.73M 94.91M 901.54M -5.45M 351.40M 10.32M
Long-Term Debt Issuance -574.41M -1.28M 186.14M 39.86M 132.51M -54.76M 6.50M 52.86M 208.57M 16.29M 89.74M 30.44M 35.39M -75.16M 59.39M 23.56M 17.21M -180.00M 54.42M 142.87M 34.92M -0.16M 16.14M 124.02M -33.66M 589.50M -164.07M 164.82M -37.04M 103.20M 63.00M
Short-Term Debt Issuance 7,918.39M 8,400.69M -68.65M -92.86M 63.06M 0.00M 0.00M 0.00M 0.00M 0.09M 0.00M -0.60M 0.00M 0.00M 0.00M -2.47M 36.84M -110.36M -230.78M 47.50M 15.70M 3.38M 21.68M 163.84M 87.34M -640.77M 136.68M 365.07M 115.24M 110.96M -44.42M
Net Stock Issuance -2,253.75M -860.52M -115.53M -12.04M -154.10M -237.55M -17.59M -242.97M -173.34M -100.53M -36.36M -40.87M 1.31M -5.40M -1.90M -0.85M 212.50M 18.83M 41.43M -47.42M 0.66M 0.00M -80.84M -5.48M -80.17M -6.84M -1.47M -9.76M 1.86M -39.13M -8.02M
Common Stock Issuance 1,075.92M 552.29M 3.85M 4.00M 3.34M 11.26M 2.94M 12.05M 8.02M 8.47M 17.99M 16.94M 8.85M 8.22M 3.04M 2.18M 310.65M 108.13M 5.18M 17.08M 23.79M 26.37M 4.82M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -2,316.12M -1,412.81M -240.26M -17.44M -288.29M -236.36M -59.83M -259.79M -189.82M -132.59M -52.78M -44.11M -7.22M -74.55M -61.49M -33.28M -3.39M -2.54M -7.39M -80.93M -24.05M -3.55M -86.97M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2.09M 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 -2,739.67M -1,824.39M -528.13M -496.04M -489.52M -151.36M -228.87M -202.45M -125.06M -160.13M -70.77M -61.62M -50.18M -60.12M -50.74M -39.68M -48.67M -47.54M -103.69M -114.50M -113.10M -118.15M -133.71M -52.98M -67.61M -37.60M -40.17M -36.09M -82.64M -68.83M -71.65M
Common Dividends Paid -2,739.67M -1,824.39M -523.76M -495.08M -488.52M -146.05M -228.55M -202.45M -125.06M -160.13M -70.77M -61.60M -50.15M -60.07M -45.69M -39.68M -46.67M -29.10M -108.04M -118.74M -117.40M -118.15M -133.71M -52.98M -65.76M -37.60M -40.17M -36.09M -82.64M -68.83M -71.65M
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 -40,284.93M -5,258.88M 472.66M 646.66M -707.14M 1,182.94M 3,720.40M 943.94M 740.55M 257.78M 1,035.09M 898.79M 704.91M 614.86M 964.12M 375.49M -58.25M -384.05M -2.86M 684.47M 736.92M 458.83M 289.25M 125.30M 630.57M 583.37M 514.74M 43.21M 951.53M 585.03M 511.42M
Net Cash from Financing Activities -37,912.60M 455.61M 366.24M -246.02M -92.71M 894.51M 3,498.65M -7.69M 507.15M 828.10M 960.43M 561.33M 507.91M 33.91M 519.77M 180.29M 135.30M -788.64M -173.90M 659.39M 158.09M 697.82M 281.51M 681.44M 643.67M -51.20M 1,011.60M 850.58M 1,023.52M 1,053.68M 567.38M
Effect of FX on Cash -6,054.47M -787.32M 2.12M -46.71M -0.02M -0.03M 7.98M -0.11M 0.00M -0.02M 0.00M 0.01M 0.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.03M 3.14M -0.37M -5.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1.60M 0.00M
Net Change in Cash -4,817.90M 0.34M 4.17M -292.57M 483.05M 235.23M 1,247.45M 324.26M 79.81M 33.73M 94.43M 611.06M -74.11M 45.62M 367.37M 426.87M -82.73M 439.92M 67.66M 521.36M 153.30M 258.45M 22.29M -138.09M -10.92M 85.14M 143.67M -11.00M 52.51M 191.12M -150.04M
Cash at Beginning of Period 23,606.49M 0.14M 3,292.30M 3,422.97M 3,833.53M 3,987.04M 3,455.10M 1,966.26M 2,160.91M 2,101.50M 2,127.38M 1,861.32M 1,966.72M 1,649.21M 1,401.02M 1,741.93M 1,752.78M 1,296.70M 1,157.52M 1,369.65M 999.45M 815.90M 1,007.29M 908.68M 954.18M 1,088.57M 784.50M 816.79M 1,100.32M 642.23M 756.81M
Cash at End of Period 0.00M 0.48M 4,807.88M 3,681.31M 3,489.66M 3,415.87M 4,532.38M 2,735.94M 2,034.11M 2,162.37M 2,035.75M 2,122.45M 1,861.46M 2,037.39M 1,963.07M 1,499.56M 2,110.37M 1,883.61M 1,250.74M 1,282.06M 1,370.33M 1,108.76M 1,022.63M 730.39M 1,013.63M 1,126.76M 957.79M 783.48M 1,261.71M 1,039.03M 1,247.07M
Operating Cash Flow 50,234.05M 14,282.61M 478.58M 548.90M 601.00M 442.55M 832.99M 400.39M 401.05M 390.32M 328.34M 421.19M -80.36M 307.30M 351.11M 633.19M 406.81M 137.09M 461.86M 470.23M 453.01M 631.17M 669.78M 248.54M 381.92M 319.62M 235.07M 234.38M 258.65M 304.42M 504.10M
Capital Expenditure -954.80M -627.00M -101.45M -104.68M -92.02M -69.23M -72.81M -64.53M -54.01M -61.40M -71.45M -48.99M -61.10M -75.69M -32.66M -36.91M -33.11M -37.63M -66.36M -45.28M -38.28M -40.60M -48.38M -20.34M -35.87M -38.12M -37.62M -38.41M -55.92M -51.84M -44.10M
Free Cash Flow 49,279.24M 13,655.61M 430.88M 227.94M 549.09M 402.35M 785.50M 357.18M 348.39M 314.04M 294.53M 387.10M -120.60M 262.28M 329.01M 607.08M 380.81M 123.34M 399.22M 428.23M 410.17M 607.15M 614.02M 226.67M 331.13M 275.55M 190.02M 196.32M 154.73M 271.32M 468.97M

Industry Free Cash Flow

Metric TTM 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
EBITDA 5,071.07M 4,027.80M 440.74M 332.39M 588.00M 585.82M 283.54M 644.26M 647.81M 517.65M 326.37M 266.06M 202.29M 120.64M 319.43M 306.64M 207.87M 201.74M 160.12M 448.62M 501.11M 497.79M 1,103.23M 999.49M 724.70M 954.44M 523.73M 518.08M 491.32M 505.19M 432.25M
(-) Tax Adjustment 1,242.38M 985.15M 85.30M 66.06M 152.56M 112.25M 61.28M 155.97M 115.51M 128.73M 143.89M 56.22M 60.55M 31.40M 73.40M 102.79M 62.47M 41.60M 42.03M 126.10M 152.32M 132.60M 313.49M 313.99M 180.47M 165.72M 178.59M 176.21M 167.48M 167.17M 141.17M
(-) Change In Working Capital 42,048.76M 12,438.94M -62.33M -364.55M 96.64M -88.77M 644.60M -214.64M 78.14M -144.48M 98.41M 58.44M -269.67M 26.64M 276.43M 327.22M 154.39M -296.24M 20.54M 224.42M -188.81M -150.04M 60.81M -61.12M -0.02M -56.51M -20.85M 34.75M -115.56M 56.33M -14.96M
(-) Capital Expenditure 954.80M 627.00M 101.45M 104.68M 92.02M 69.23M 72.81M 64.53M 54.01M 61.40M 71.45M 48.99M 61.10M 75.69M 32.66M 36.91M 33.11M 37.63M 66.36M 45.28M 38.28M 40.60M 48.38M 20.34M 35.87M 38.12M 37.62M 38.41M 55.92M 51.84M 44.10M
Unlevered Free Cash Flow -39,174.88M -10,023.29M 316.32M 526.20M 246.78M 493.10M -495.16M 638.40M 400.15M 471.99M 12.62M 102.40M 350.31M -13.09M -63.07M -160.28M -42.10M 418.75M 31.20M 52.81M 499.31M 474.64M 680.55M 726.28M 508.37M 807.11M 328.37M 268.70M 383.49M 229.85M 261.93M
(-) Net Interest Income After Taxes 0.00M 0.04M 581.17M 580.77M 597.67M 514.84M 501.38M 394.03M 421.58M 349.54M 230.49M 318.72M 217.99M 289.75M 388.18M 305.51M 362.98M 372.57M 451.03M 420.30M 383.33M 448.72M 419.69M 253.96M 327.05M 647.94M 558.18M 514.24M 502.62M 381.82M 484.02M
Net Debt Issuance 7,365.74M 8,399.41M 183.05M -281.14M 912.17M 96.98M 44.46M 4.89M 281.43M 57.41M 107.36M 49.50M 59.78M -124.40M 52.72M 2.43M 13.47M -327.14M -98.85M 200.03M 52.01M 2.09M 30.29M 530.61M 271.15M -941.73M 94.91M 901.54M -5.45M 351.40M 10.32M
Levered Free Cash Flow -31,809.14M -1,623.92M -81.80M -335.71M 561.28M 75.24M -952.08M 249.26M 260.00M 179.86M -110.51M -166.81M 192.10M -427.25M -398.53M -463.36M -391.61M -280.96M -518.68M -167.46M 167.99M 28.00M 291.16M 1,002.93M 452.48M -782.56M -134.89M 656.00M -124.58M 199.43M -211.77M