Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Periods / Units / Analysis

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Ticker

Industry

Sector

Page: Sector Financials

UVV

Sector Analysis

Master Data Export

Sector 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 69.61 39.48 48.69 48.36 47.79 49.10 48.15 54.56 50.29 53.49 48.59 48.00 43.82 40.31 35.81 30.56 29.12 25.13 23.65 30.49 25.45 22.21 20.90 19.27 18.26 16.20 13.55 14.31 14.06 12.14 8.36
Market Capitalization 19,910.97M 7,729.33M 32,313.32M 33,299.72M 37,687.09M 37,505.34M 33,579.78M 31,429.87M 30,077.69M 29,879.31M 29,352.25M 26,673.05M 25,000.21M 20,770.61M 17,923.04M 16,914.79M 14,957.40M 11,640.47M 11,394.24M 14,843.48M 11,626.71M 8,617.92M 7,754.69M 6,218.30M 5,872.08M 5,323.06M 4,698.28M 4,842.01M 4,887.09M 3,595.37M 2,349.19M
(-) Cash & Equivalents 1,275.40M 434.50M 2,590.15M 2,419.17M 2,353.17M 2,271.51M 2,449.97M 1,694.21M 1,585.29M 1,687.26M 1,623.00M 1,383.45M 1,109.78M 1,222.36M 1,111.67M 1,041.95M 975.05M 726.76M 640.80M 612.65M 540.79M 452.29M 361.61M 319.71M 266.07M 179.55M 153.62M 119.45M 78.31M 68.28M 48.03M
(+) Total Debt 7,826.98M 2,613.21M 11,108.52M 11,404.69M 11,374.16M 10,651.53M 10,794.55M 10,007.44M 8,222.09M 7,679.62M 7,322.88M 6,704.87M 5,863.28M 5,812.19M 5,267.79M 4,393.17M 3,981.35M 3,407.41M 3,765.14M 2,748.79M 2,448.70M 2,337.35M 2,289.06M 1,969.45M 1,913.43M 1,616.45M 1,254.62M 887.35M 827.65M 677.41M 469.58M
Enterprise Value 28,139,485,604.00 10,005,948,419.56 40,106,121,549.67 44,907,235,341.92 46,947,665,733.23 47,639,911,913.48 44,451,602,025.00 43,193,091,647.82 36,545,208,844.77 34,865,179,873.48 36,286,996,680.79 33,085,873,862.80 27,585,656,801.80 24,509,667,694.39 22,059,024,056.75 20,287,733,555.74 18,485,103,896.59 16,301,468,803.54 15,174,376,713.25 17,483,686,027.13 13,613,815,599.26 10,732,089,324.77 9,927,261,958.49 8,304,114,225.84 7,562,192,014.48 8,150,227,913.33 6,140,385,815.37 6,242,405,445.95 5,695,132,230.84 4,321,144,330.39 3,179,917,854.76

Sector 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 18,053.89M 6,964.28M 32,751.82M 34,919.28M 34,811.04M 30,372.77M 27,410.59M 28,407.49M 27,427.56M 26,330.29M 24,394.30M 23,885.02M 24,037.77M 21,726.06M 20,438.46M 18,824.89M 16,794.99M 15,970.28M 15,275.98M 13,449.78M 11,448.06M 10,950.21M 10,292.96M 9,225.69M 8,208.78M 6,881.09M 6,010.05M 4,900.72M 4,552.28M 3,419.21M 2,498.95M
Cost of Revenue 13,233.56M 4,949.49M 23,456.78M 24,304.68M 23,699.86M 20,947.09M 18,830.31M 18,627.82M 17,722.27M 17,162.75M 16,369.15M 17,487.12M 15,805.69M 14,544.68M 13,573.39M 13,451.30M 11,530.43M 10,696.70M 10,744.17M 9,292.98M 8,042.45M 7,994.08M 7,269.68M 6,624.90M 5,129.90M 4,154.34M 3,709.96M 2,576.13M 2,122.47M 1,420.53M 1,116.72M
Gross Profit 4,820.33M 2,014.80M 9,295.04M 10,614.61M 11,111.18M 9,425.67M 8,580.28M 9,779.67M 9,705.29M 9,167.55M 8,025.14M 6,397.90M 8,232.08M 7,181.37M 6,865.08M 5,373.59M 5,264.57M 5,273.59M 4,531.81M 4,156.80M 3,405.62M 2,956.13M 3,023.28M 2,600.79M 3,078.87M 2,726.75M 2,300.10M 2,324.59M 2,429.81M 1,998.68M 1,382.24M
Gross Margin 26.7% 28.9% 28.4% 30.4% 31.9% 31.0% 31.3% 34.4% 35.4% 34.8% 32.9% 26.8% 34.2% 33.1% 33.6% 28.5% 31.3% 33.0% 29.7% 30.9% 29.7% 27.0% 29.4% 28.2% 37.5% 39.6% 38.3% 47.4% 53.4% 58.5% 55.3%
R&D Expenses 0.00M 3.52M 28.10M 35.11M 27.19M 24.44M 17.57M 34.52M 22.37M 13.33M 15.06M 15.22M 18.80M 11.83M 5.49M 0.00M 0.00M 0.00M 0.00M 1.84M 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 2,920.23M 961.92M 5,127.88M 5,246.51M 4,897.96M 4,572.00M 4,403.69M 4,420.51M 4,293.62M 4,037.14M 3,660.46M 3,625.79M 3,419.01M 3,004.04M 2,660.18M 2,155.42M 2,277.47M 2,154.65M 2,143.28M 1,971.02M 1,500.70M 1,384.97M 1,418.29M 1,290.29M 1,097.20M 686.72M 648.02M 586.53M 572.36M 380.84M 221.96M
Operating Expenses 2,920.23M 965.44M 5,155.98M 5,281.61M 4,925.14M 4,596.44M 4,421.26M 4,455.02M 4,316.00M 4,050.47M 3,675.53M 3,641.00M 3,437.81M 3,015.87M 2,665.66M 2,155.42M 2,277.47M 2,154.65M 2,143.28M 1,972.85M 1,500.70M 1,384.97M 1,418.29M 1,290.29M 1,097.20M 686.72M 648.02M 586.53M 572.36M 380.84M 221.96M
Operating Income (EBIT) 1,900.10M 1,049.36M 4,139.06M 5,332.99M 6,186.04M 4,829.23M 4,159.02M 5,324.64M 5,389.29M 5,117.08M 4,349.62M 2,756.90M 4,794.27M 4,165.50M 4,199.41M 3,218.17M 2,987.10M 3,118.94M 2,388.54M 2,183.95M 1,904.92M 1,571.17M 1,604.99M 1,310.50M 1,981.68M 2,040.03M 1,652.08M 1,738.06M 1,857.45M 1,617.84M 1,160.27M
Operating Margin 10.5% 15.1% 12.6% 15.3% 17.8% 15.9% 15.2% 18.7% 19.6% 19.4% 17.8% 11.5% 19.9% 19.2% 20.5% 17.1% 17.8% 19.5% 15.6% 16.2% 16.6% 14.3% 15.6% 14.2% 24.1% 29.6% 27.5% 35.5% 40.8% 47.3% 46.4%
Interest Income 6.94M 13.58M 129.54M 143.08M 69.39M 42.10M 39.64M 68.62M 56.58M 49.76M 43.91M 44.32M 41.93M 36.45M 29.07M 35.51M 28.44M 30.77M 38.48M 33.24M 20.01M 14.85M 7.82M 3.00M 2.96M 0.42M 0.21M 0.00M 0.00M 0.00M 0.00M
Interest Expense 142.88M 116.88M 515.78M 477.06M 407.48M 348.68M 359.39M 393.62M 325.65M 317.64M 295.81M 299.61M 264.64M 259.17M 253.79M 223.68M 240.39M 242.26M 214.85M 135.33M 102.43M 86.66M 61.81M 33.40M 27.75M 17.13M 12.17M 7.42M 7.23M 7.56M 2.05M
Net Interest Income -135.94M -103.30M -386.24M -333.98M -338.08M -306.58M -319.75M -325.01M -269.07M -267.88M -251.89M -255.29M -222.71M -222.72M -224.72M -188.18M -211.95M -211.49M -176.37M -102.10M -82.42M -71.82M -54.00M -30.40M -24.79M -16.71M -11.96M -7.42M -7.23M -7.56M -2.05M
Other Income / Expense -1,115.16M -506.18M -1,709.77M -3,059.25M -3,532.35M -2,280.65M -2,372.61M -3,405.61M -3,468.62M -3,123.00M -2,628.40M -1,032.51M -3,064.55M -2,466.44M -2,440.11M -1,628.79M -1,426.28M -1,860.56M -1,261.28M -1,074.36M -983.41M -800.60M -852.06M -717.95M -1,476.76M -1,567.14M -1,235.79M -1,410.31M -1,508.49M -1,345.04M -1,000.36M
Pre-Tax Income 649.00M 439.88M 2,043.04M 1,939.76M 2,315.60M 2,242.01M 1,466.67M 1,594.03M 1,651.61M 1,726.21M 1,469.32M 1,469.10M 1,507.01M 1,476.35M 1,534.59M 1,401.20M 1,348.87M 1,046.88M 950.89M 1,007.49M 839.10M 698.75M 698.94M 562.15M 480.13M 456.18M 404.33M 320.33M 341.73M 265.24M 157.86M
Pre-Tax Margin 3.6% 6.3% 6.2% 5.6% 6.7% 7.4% 5.4% 5.6% 6.0% 6.6% 6.0% 6.2% 6.3% 6.8% 7.5% 7.4% 8.0% 6.6% 6.2% 7.5% 7.3% 6.4% 6.8% 6.1% 5.8% 6.6% 6.7% 6.5% 7.5% 7.8% 6.3%
Income Tax Expense 165.55M 114.25M 478.96M 416.68M 563.39M 514.14M 407.53M 428.75M 379.74M 383.05M 412.55M 373.95M 398.65M 412.63M 363.39M 431.78M 381.70M 306.26M 287.19M 308.44M 230.26M 207.19M 213.03M 190.99M 175.61M 156.61M 138.24M 112.74M 108.87M 90.36M 60.62M
Tax Rate 25.5% 26.0% 23.4% 21.5% 24.3% 22.9% 27.8% 26.9% 23.0% 22.2% 28.1% 25.5% 26.5% 27.9% 23.7% 30.8% 28.3% 29.3% 30.2% 30.6% 27.4% 29.7% 30.5% 34.0% 35.0% 34.3% 34.2% 35.0% 31.9% 34.1% 35.0%
Net Income 495.40M 271.44M 1,613.40M 1,463.63M 1,730.66M 1,726.11M 1,083.68M 1,175.09M 1,246.86M 1,294.19M 1,051.69M 978.46M 1,065.57M 1,039.20M 1,026.24M 1,046.92M 1,031.20M 765.47M 686.61M 736.94M 567.14M 484.40M 518.88M 350.64M 301.45M 304.02M 245.20M 196.61M 222.09M 161.81M 94.83M
Net Margin 2.7% 3.9% 4.9% 4.2% 5.0% 5.7% 4.0% 4.1% 4.5% 4.9% 4.3% 4.1% 4.4% 4.8% 5.0% 5.6% 6.1% 4.8% 4.5% 5.5% 5.0% 4.4% 5.0% 3.8% 3.7% 4.4% 4.1% 4.0% 4.9% 4.7% 3.8%
Depreciation & Amortization 425.39M 230.71M 1,142.38M 1,116.31M 1,112.73M 1,029.54M 1,000.31M 999.70M 819.16M 801.97M 746.21M 710.17M 606.23M 569.14M 565.70M 499.55M 456.63M 451.49M 450.29M 383.39M 355.79M 342.08M 362.24M 293.61M 271.93M 220.34M 194.48M 135.16M 124.76M 103.54M 75.83M
EBITDA 2,325.49M 1,280.07M 5,281.44M 6,449.31M 7,298.77M 5,858.78M 5,159.33M 6,324.35M 6,208.46M 5,919.05M 5,095.83M 3,467.07M 5,400.50M 4,734.64M 4,765.12M 3,717.72M 3,443.72M 3,570.43M 2,838.82M 2,567.33M 2,260.71M 1,913.25M 1,967.24M 1,604.12M 2,253.61M 2,260.37M 1,846.56M 1,873.21M 1,982.21M 1,721.38M 1,236.10M
EBITDA Margin 12.9% 18.4% 16.1% 18.5% 21.0% 19.3% 18.8% 22.3% 22.6% 22.5% 20.9% 14.5% 22.5% 21.8% 23.3% 19.7% 20.5% 22.4% 18.6% 19.1% 19.7% 17.5% 19.1% 17.4% 27.5% 32.8% 30.7% 38.2% 43.5% 50.3% 49.5%
NOPAT 1,415.41M 776.81M 3,168.71M 4,187.42M 4,680.96M 3,721.79M 3,003.38M 3,892.47M 4,150.19M 3,981.59M 3,128.34M 2,055.15M 3,526.05M 3,001.28M 3,204.99M 2,226.48M 2,141.82M 2,206.50M 1,667.15M 1,515.34M 1,382.18M 1,105.29M 1,115.80M 865.26M 1,288.09M 1,339.69M 1,087.23M 1,129.74M 1,265.71M 1,066.66M 754.18M
NOPAT Margin 7.8% 11.2% 9.7% 12.0% 13.4% 12.3% 11.0% 13.7% 15.1% 15.1% 12.8% 8.6% 14.7% 13.8% 15.7% 11.8% 12.8% 13.8% 10.9% 11.3% 12.1% 10.1% 10.8% 9.4% 15.7% 19.5% 18.1% 23.1% 27.8% 31.2% 30.2%
Owner's Earnings 920.79M 502.15M 2,755.78M 2,579.95M 2,843.39M 2,755.66M 2,083.98M 2,174.79M 2,066.02M 2,096.16M 1,797.90M 1,688.63M 1,671.80M 1,608.34M 1,591.95M 1,546.47M 1,487.83M 1,216.96M 1,136.90M 1,120.33M 922.93M 826.47M 881.13M 644.25M 573.38M 524.36M 439.68M 331.77M 346.85M 265.34M 170.67M
Owner's Earnings Margin 5.1% 7.2% 8.4% 7.4% 8.2% 9.1% 7.6% 7.7% 7.5% 8.0% 7.4% 7.1% 7.0% 7.4% 7.8% 8.2% 8.9% 7.6% 7.4% 8.3% 8.1% 7.5% 8.6% 7.0% 7.0% 7.6% 7.3% 6.8% 7.6% 7.8% 6.8%
EPS 0.40 0.77 1.39 1.23 1.36 1.49 0.90 1.09 1.16 1.20 0.99 1.05 1.06 1.07 1.05 1.04 1.09 0.94 0.82 0.86 0.65 0.57 0.69 0.52 0.49 0.50 0.39 0.35 0.43 0.34 0.21
EPS (Diluted) 0.40 0.77 1.39 1.23 1.36 1.49 0.90 1.09 1.16 1.20 0.99 1.05 1.06 1.07 1.05 1.04 1.09 0.94 0.82 0.86 0.65 0.57 0.69 0.52 0.49 0.50 0.39 0.35 0.43 0.34 0.21
Shares (Diluted) 1,231.37M 350.82M 1,162.98M 1,191.91M 1,269.71M 1,156.82M 1,209.02M 1,074.64M 1,077.49M 1,075.10M 1,061.85M 934.43M 1,006.96M 967.44M 974.22M 1,008.79M 942.88M 813.40M 836.53M 860.52M 869.35M 845.63M 753.16M 673.55M 621.87M 612.42M 632.32M 560.16M 519.57M 475.90M 453.83M

Sector 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 1,279.78M 436.74M 2,590.13M 2,419.17M 2,325.39M 2,302.10M 2,462.99M 1,702.88M 1,588.16M 1,681.87M 1,641.95M 1,378.06M 1,117.99M 1,231.65M 1,122.34M 1,041.95M 981.96M 726.76M 640.80M 612.65M 540.79M 452.29M 361.61M 319.71M 266.07M 181.19M 153.62M 119.28M 79.41M 69.62M 48.47M
Short-Term Investments 227.15M 27.77M 541.62M 522.73M 379.60M 242.94M 298.50M 243.68M 444.97M 359.23M 211.10M 148.61M 118.53M 410.29M 339.30M 238.50M 244.28M 227.88M 241.37M 151.19M 144.43M 113.02M 214.77M 192.10M 91.28M 59.97M 85.39M 50.49M 41.85M 15.51M 12.07M
Cash & Short-Term Investments 1,506.93M 464.51M 3,131.74M 2,941.90M 2,705.00M 2,545.04M 2,761.49M 1,946.56M 2,033.13M 2,041.11M 1,853.05M 1,526.68M 1,236.51M 1,641.94M 1,461.64M 1,280.46M 1,226.24M 954.64M 882.17M 763.84M 685.22M 565.32M 576.38M 511.80M 357.35M 241.17M 239.01M 169.76M 121.25M 85.13M 60.54M
Net Receivables 888.84M 541.16M 2,528.24M 2,537.45M 2,536.58M 2,144.29M 1,815.59M 2,116.65M 2,075.51M 1,938.92M 1,877.40M 1,751.80M 1,705.09M 1,530.09M 1,474.46M 1,382.33M 1,254.85M 1,064.40M 1,235.62M 1,143.73M 1,062.38M 948.97M 801.03M 598.29M 699.62M 451.84M 291.69M 253.76M 234.40M 193.20M 167.15M
Inventory 5,138.30M 919.46M 3,796.25M 3,765.23M 3,973.34M 3,345.65M 3,015.28M 2,905.96M 2,831.64M 2,499.04M 2,492.37M 2,359.45M 2,475.44M 2,286.72M 2,134.90M 1,989.71M 1,741.60M 1,582.19M 1,622.23M 1,325.45M 1,142.62M 1,084.85M 988.26M 883.79M 679.85M 618.05M 556.60M 445.54M 404.63M 312.37M 249.89M
Other Current Assets 565.03M 133.40M 641.75M 658.33M 631.78M 649.48M 672.51M 606.68M 653.44M 634.50M 736.50M 667.07M 650.26M 529.30M 483.56M 353.74M 266.48M 353.82M 335.67M 285.99M 240.24M 129.42M 133.52M 285.21M 169.93M 119.64M 118.25M 95.48M 87.23M 73.49M 46.46M
Total Current Assets 8,099.09M 2,058.54M 10,097.98M 9,902.92M 9,846.70M 8,684.46M 8,264.88M 7,575.85M 7,593.72M 7,113.57M 6,959.32M 6,305.00M 6,067.30M 5,988.05M 5,554.56M 5,006.23M 4,489.17M 3,955.05M 4,075.69M 3,519.01M 3,130.45M 2,728.55M 2,499.19M 2,279.09M 1,906.75M 1,430.69M 1,205.55M 964.55M 847.52M 664.18M 524.05M
Property, Plant & Equipment 12,119.88M 1,895.70M 9,050.44M 8,920.16M 8,525.47M 7,928.98M 7,373.04M 7,320.67M 6,233.76M 6,075.41M 5,629.02M 5,534.49M 5,418.13M 5,047.05M 4,606.45M 4,459.45M 3,918.14M 3,627.93M 3,515.98M 3,230.58M 2,927.93M 2,792.85M 2,536.60M 2,117.64M 2,016.85M 1,891.14M 1,568.80M 1,230.20M 1,155.40M 968.50M 728.74M
Goodwill 2,026.18M 822.78M 5,157.32M 5,286.74M 5,378.30M 4,935.40M 4,707.03M 4,654.10M 4,491.37M 4,209.15M 4,029.31M 3,511.06M 3,472.73M 3,096.56M 2,861.51M 1,690.67M 1,451.56M 1,377.05M 1,235.72M 1,251.90M 1,024.74M 739.02M 155.21M 12.41M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 662.88M 429.24M 3,108.58M 3,603.64M 4,240.54M 3,751.23M 3,955.10M 3,638.85M 2,913.19M 2,878.41M 2,507.81M 2,343.61M 1,910.16M 1,564.02M 1,456.38M 1,398.99M 1,302.93M 1,172.46M 1,073.51M 946.79M 959.63M 755.31M 784.19M 909.33M 781.15M 561.64M 369.39M 225.86M 179.64M 151.24M 81.21M
Long-Term Investments 54.76M 99.52M 672.45M 993.75M 1,122.03M 1,164.16M 953.18M 770.63M 598.63M 411.29M 494.24M 507.77M 502.42M 433.66M 319.66M 261.59M 258.88M 189.13M 164.78M 157.14M 68.27M 53.09M 29.41M 1.34M 0.69M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 1.31M 21.75M 264.80M 214.84M 248.12M 283.20M 275.45M 321.37M 249.90M 220.49M 235.21M 189.89M 125.29M 104.08M 203.29M 161.22M 133.53M 137.76M 113.78M 110.01M 103.47M 92.85M 58.85M 58.35M 49.62M 24.16M 7.28M 0.33M 0.48M 0.74M 0.46M
Other Non-Current Assets 979.61M 194.14M 1,234.57M 1,080.48M 1,138.44M 831.22M 825.71M 669.52M 546.68M 577.59M 543.59M 451.91M 411.90M 414.87M 434.03M 400.67M 450.95M 456.93M 552.96M 496.16M 476.94M 405.80M 389.75M 389.53M 320.91M 257.80M 169.58M 138.05M 103.47M 100.16M 60.16M
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 15,844.62M 3,463.13M 19,488.17M 20,099.62M 20,652.89M 18,894.19M 18,089.52M 17,375.14M 15,033.53M 14,372.33M 13,439.19M 12,538.72M 11,840.62M 10,660.25M 9,881.32M 8,372.60M 7,515.99M 6,961.25M 6,656.72M 6,192.58M 5,560.98M 4,838.93M 3,954.01M 3,488.60M 3,169.22M 2,734.74M 2,115.05M 1,594.44M 1,439.00M 1,220.65M 870.57M
Total Assets 23,943.71M 5,521.68M 29,586.14M 30,002.53M 30,499.59M 27,578.65M 26,354.39M 24,950.99M 22,627.25M 21,485.90M 20,398.51M 18,843.72M 17,907.92M 16,648.30M 15,435.87M 13,378.84M 12,005.15M 10,916.30M 10,732.41M 9,711.59M 8,691.43M 7,567.48M 6,453.20M 5,767.69M 5,075.97M 4,165.43M 3,320.60M 2,558.99M 2,286.52M 1,884.83M 1,394.62M
Accounts Payable 4,611.48M 802.38M 3,748.05M 3,592.30M 3,718.12M 3,446.42M 2,841.09M 2,876.46M 2,723.32M 2,668.07M 2,477.14M 2,169.03M 2,010.07M 1,787.95M 1,666.32M 1,581.18M 1,619.13M 1,411.11M 1,417.31M 1,200.41M 1,028.29M 1,001.31M 882.31M 669.18M 618.60M 543.00M 477.19M 373.22M 309.53M 258.99M 182.62M
Short-Term Debt 591.23M 197.44M 1,629.58M 1,844.85M 1,574.73M 1,475.75M 1,398.56M 1,700.66M 1,523.47M 1,430.12M 1,574.83M 1,266.14M 1,145.43M 1,152.57M 1,015.40M 922.14M 700.89M 539.25M 786.15M 586.57M 581.14M 511.49M 473.22M 382.07M 364.87M 308.58M 360.69M 177.39M 189.62M 124.05M 88.72M
Tax Payables 8.50M 14.41M 270.45M 213.35M 338.19M 273.12M 218.21M 187.24M 208.94M 199.38M 182.66M 201.38M 216.04M 190.66M 174.05M 131.98M 108.00M 100.01M 74.39M 84.85M 47.38M 50.03M 48.77M 22.33M 16.97M 2.33M 3.03M 1.12M 1.33M 0.92M 1.54M
Deferred Revenue 0.00M 0.64M 1.41M 32.08M 85.68M 339.63M 296.89M 192.22M 110.62M 117.48M 99.24M 82.75M 69.13M 95.09M 161.90M 78.45M 29.94M 15.39M 0.68M 18.29M 28.70M 11.00M 7.55M 6.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 1,213.23M 253.41M 1,856.40M 1,615.52M 1,600.48M 1,292.99M 1,239.72M 1,107.21M 1,256.69M 1,060.73M 1,093.28M 937.38M 892.89M 857.56M 909.18M 787.04M 683.26M 478.85M 614.64M 514.37M 505.66M 431.32M 378.77M 288.85M 289.26M 133.15M 170.37M 204.18M 137.63M 135.63M 114.46M
Total Current Liabilities 6,424.44M 1,268.28M 7,505.89M 7,298.11M 7,317.21M 6,827.91M 5,994.46M 6,063.79M 5,823.04M 5,475.78M 5,427.14M 4,656.68M 4,333.57M 4,083.82M 3,926.84M 3,500.79M 3,141.23M 2,544.61M 2,893.17M 2,404.49M 2,191.18M 2,005.16M 1,790.62M 1,368.51M 1,289.71M 987.05M 1,011.28M 755.90M 638.11M 519.59M 387.34M
Long-Term Debt 5,568.38M 1,795.05M 6,516.15M 6,575.34M 6,867.37M 6,785.30M 6,921.01M 6,436.38M 5,745.15M 5,895.34M 5,493.31M 5,306.71M 4,715.61M 4,251.51M 3,928.58M 3,428.27M 3,217.05M 2,837.33M 2,833.69M 1,980.60M 1,632.80M 1,766.37M 1,518.78M 1,223.76M 1,167.23M 1,013.04M 789.71M 595.49M 569.70M 422.93M 272.43M
Capital Lease Obligations 4,318.54M 256.78M 1,567.70M 1,519.07M 1,581.02M 1,463.93M 1,341.41M 878.29M 57.20M 27.71M 28.19M 22.14M 15.41M 14.96M 9.51M 0.00M 0.00M 0.00M 0.00M 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 529.02M 94.63M 962.27M 871.67M 976.02M 874.16M 807.23M 858.41M 742.88M 693.61M 736.01M 640.86M 607.56M 494.34M 590.20M 493.66M 424.67M 366.86M 339.03M 312.25M 263.79M 224.28M 209.64M 129.65M 146.05M 98.84M 96.84M 71.50M 58.29M 49.25M 36.42M
Other Non-Current Liabilities 1,131.21M 217.74M 1,042.43M 1,166.91M 1,062.11M 1,183.54M 1,262.46M 1,292.43M 1,305.38M 1,337.98M 1,366.26M 1,127.43M 1,290.58M 981.05M 917.77M 710.56M 691.38M 812.20M 692.66M 572.55M 606.94M 517.32M 522.30M 413.10M 359.75M 297.83M 175.73M 157.23M 120.33M 107.88M 75.98M
Total Non-Current Liabilities 11,547.16M 2,364.21M 10,088.55M 10,132.99M 10,486.52M 10,306.93M 10,332.11M 9,465.50M 7,850.61M 7,954.64M 7,623.77M 7,097.15M 6,629.17M 5,741.85M 5,446.07M 4,632.49M 4,333.09M 4,016.39M 3,865.39M 2,865.40M 2,503.54M 2,507.98M 2,250.71M 1,766.51M 1,673.03M 1,409.71M 1,062.29M 824.22M 748.31M 580.06M 384.83M
Total Liabilities 17,971.59M 3,632.48M 17,594.45M 17,431.10M 17,803.73M 17,134.85M 16,326.57M 15,529.29M 13,673.65M 13,430.42M 13,050.91M 11,753.83M 10,962.74M 9,825.68M 9,372.92M 8,133.27M 7,474.33M 6,561.00M 6,758.56M 5,269.89M 4,694.72M 4,513.13M 4,041.33M 3,135.02M 2,962.74M 2,396.76M 2,073.58M 1,580.12M 1,386.42M 1,099.66M 772.17M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.90M 1.74M 0.91M 0.17M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.04M 0.00M 0.02M
Common Stock 152.41M 152.27M 606.22M 629.31M 550.23M 535.41M 548.96M 562.75M 519.28M 557.01M 454.47M 516.47M 423.68M 386.50M 306.43M 311.69M 316.03M 291.30M 276.92M 274.47M 228.34M 225.57M 197.93M 194.26M 170.86M 121.85M 138.08M 77.39M 27.72M 15.99M 10.20M
Retained Earnings 3,846.22M 1,813.40M 10,383.04M 9,630.00M 9,077.19M 8,744.31M 7,725.80M 7,101.17M 7,129.15M 6,605.42M 5,757.92M 5,137.93M 4,827.80M 4,598.26M 4,170.26M 3,838.54M 3,435.29M 2,956.36M 2,628.17M 2,508.40M 2,139.07M 1,713.84M 1,488.43M 1,314.14M 1,155.47M 921.77M 801.29M 649.75M 651.28M 530.94M 473.25M
Accumulated OCI -172.89M -11.76M -471.69M -419.97M -416.90M -640.07M -667.09M -463.05M -706.73M -722.16M -885.29M -899.96M -966.25M -680.20M -388.64M -282.31M -361.61M -210.41M -99.70M -16.58M -28.10M -53.76M -71.69M -84.72M -112.38M -100.88M -90.16M -63.15M -82.92M -63.07M -40.41M
Minority Interest 1.59M 29.68M 597.88M 556.98M 695.47M 589.70M 412.58M 367.55M 409.06M 389.07M 283.37M 294.60M 305.08M 281.36M 275.42M 173.89M 158.03M 152.62M 124.55M 131.88M 107.27M 93.59M 84.63M 78.36M 55.73M 29.85M 29.67M 24.66M 20.58M 4.99M 1.45M
Total Shareholders’ Equity 3,825.74M 1,953.91M 10,517.56M 9,839.34M 9,210.52M 8,639.66M 7,607.67M 7,200.87M 6,942.61M 6,442.00M 5,328.00M 4,754.61M 4,285.23M 4,304.56M 4,088.05M 3,867.91M 3,389.71M 3,037.25M 2,805.39M 2,766.29M 2,339.31M 1,885.65M 1,614.67M 1,423.67M 1,213.96M 942.73M 849.22M 663.99M 596.12M 483.86M 443.06M
Total Equity 3,827.33M 1,983.59M 11,115.45M 10,396.32M 9,905.99M 9,229.36M 8,020.25M 7,568.42M 7,351.67M 6,831.07M 5,611.37M 5,049.21M 4,590.31M 4,585.92M 4,363.48M 4,041.80M 3,547.74M 3,189.87M 2,929.93M 2,898.17M 2,446.58M 1,979.24M 1,699.30M 1,502.04M 1,269.69M 972.58M 878.90M 688.65M 616.71M 488.85M 444.51M
Total Liabilities & Equity 21,798.93M 5,616.07M 28,709.89M 27,827.41M 27,709.72M 26,364.21M 24,346.82M 23,097.71M 21,025.32M 20,261.49M 18,662.29M 16,803.05M 15,553.05M 14,411.59M 13,736.40M 12,175.08M 11,022.07M 9,750.87M 9,688.49M 8,168.06M 7,141.31M 6,492.37M 5,740.63M 4,637.05M 4,232.43M 3,369.34M 2,952.47M 2,268.78M 2,003.12M 1,588.51M 1,216.68M
Tangible Assets 21,254.65M 4,269.65M 21,320.24M 21,112.15M 20,880.76M 18,892.02M 17,692.26M 16,658.04M 15,222.69M 14,398.34M 13,861.38M 12,989.05M 12,525.04M 11,987.72M 11,117.98M 10,289.17M 9,250.67M 8,366.79M 8,423.18M 7,512.90M 6,707.06M 6,073.14M 5,513.80M 4,845.95M 4,294.81M 3,603.79M 2,951.21M 2,333.13M 2,106.88M 1,733.58M 1,313.40M
Tangible Equity 1,138.27M 731.56M 2,849.54M 1,505.94M 287.16M 542.73M -641.88M -724.53M -52.89M -256.49M -925.75M -805.45M -792.57M -74.67M 45.58M 952.14M 793.26M 640.36M 620.71M 699.47M 462.22M 484.91M 759.91M 580.29M 488.54M 410.94M 509.51M 462.79M 437.07M 337.61M 363.29M
Tangible Book Value 1,138,271,452.60 731,562,694.13 2,849,544,524.71 1,505,935,165.80 287,159,579.29 542,733,755.91 -641,881,017.85 -724,528,319.36 -52,890,790.70 -256,490,034.61 -925,750,673.75 -805,454,028.42 -792,569,926.35 -74,666,865.61 45,583,591.45 952,140,766.96 793,256,909.96 640,361,162.54 620,705,876.18 699,470,918.42 462,220,521.80 484,905,060.06 759,908,112.39 580,293,590.57 488,536,033.10 410,936,103.58 509,505,221.92 462,789,211.61 437,068,747.19 337,609,553.43 363,293,152.03
Total Investments 276.01M 166.31M 1,136.33M 1,459.03M 1,392.80M 1,362.62M 1,439.40M 1,219.65M 955.07M 877.82M 849.40M 890.81M 828.91M 796.22M 746.57M 606.20M 649.30M 503.42M 374.70M 238.75M 230.16M 157.61M 155.27M 112.21M 90.43M 76.69M 32.07M 43.13M 20.06M 4.80M 3.19M
Net Debt 4,879.83M 1,555.75M 5,555.61M 6,001.02M 6,116.70M 5,958.95M 5,856.58M 6,434.16M 5,680.46M 5,643.60M 5,426.19M 5,194.79M 4,743.06M 4,172.43M 3,821.65M 3,308.46M 2,935.98M 2,649.82M 2,979.04M 1,954.53M 1,673.15M 1,825.57M 1,630.38M 1,286.12M 1,266.03M 1,140.42M 996.78M 653.60M 679.91M 477.37M 312.68M

Sector 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 251.07M 462.24M 623.08M 718.43M 728.78M -44.65M 1,088.39M -172.09M 633.47M 562.73M 493.25M 758.12M 141.21M 777.62M 1,076.74M 818.22M 846.40M 813.76M 513.08M 740.95M 416.18M 317.18M 453.04M 720.15M 325.01M 263.71M 189.59M 116.11M 257.22M 59.21M 127.46M
Total Capital 14,747.08M 5,085.96M 22,210.39M 22,586.50M 22,062.60M 20,395.53M 19,891.97M 19,130.55M 16,803.28M 15,968.42M 14,991.88M 13,184.78M 12,396.00M 11,746.61M 10,799.58M 10,084.51M 9,412.83M 8,080.10M 7,810.98M 6,903.03M 5,801.24M 5,404.04M 4,853.12M 4,362.48M 3,840.70M 3,291.25M 2,668.87M 2,082.52M 1,901.93M 1,380.09M 1,008.20M
Capital Employed 17,123.39M 5,563.26M 24,320.56M 24,642.21M 24,361.09M 21,909.76M 20,907.25M 20,124.39M 18,120.08M 17,586.04M 17,519.14M 16,029.39M 13,957.92M 12,640.31M 12,272.69M 11,543.76M 11,137.67M 10,337.98M 9,709.85M 8,289.71M 7,404.42M 6,557.12M 6,082.54M 5,568.90M 4,453.94M 4,323.61M 3,408.77M 2,438.15M 2,702.67M 1,638.23M 1,248.52M
Invested Capital 13,467.30M 4,649.21M 19,620.26M 20,167.33M 19,737.20M 18,093.43M 17,428.98M 17,427.67M 15,215.12M 14,286.54M 13,349.92M 11,806.72M 11,278.01M 10,514.96M 9,677.24M 9,042.56M 8,430.87M 7,353.34M 7,170.17M 6,290.38M 5,260.45M 4,951.75M 4,491.51M 4,042.77M 3,574.63M 3,110.06M 2,515.25M 1,963.24M 1,822.52M 1,310.47M 959.73M

Sector 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
Net Income 497.85M 324.71M 1,815.00M 1,530.69M 1,950.13M 1,832.01M 1,266.01M 1,259.06M 1,318.02M 1,396.01M 1,241.50M 1,117.86M 1,164.16M 1,195.80M 1,208.53M 1,177.68M 1,092.82M 902.20M 778.08M 782.05M 627.20M 513.31M 465.01M 393.06M 322.00M 268.55M 255.89M 214.81M 227.40M 178.87M 126.19M
Depreciation & Amortization 432.59M 223.74M 1,161.31M 1,145.51M 1,117.76M 1,039.49M 1,070.10M 1,011.15M 804.90M 797.29M 744.60M 637.87M 610.18M 565.19M 567.56M 496.99M 458.55M 433.19M 402.43M 396.70M 374.13M 310.11M 354.32M 288.20M 257.71M 219.25M 170.81M 117.53M 121.29M 113.34M 89.44M
Deferred Income Tax 13.71M -0.31M -1.23M -13.55M -9.62M -32.67M -42.44M -17.38M -23.72M -11.81M 2.47M -19.28M -1.66M 2.05M -0.94M 9.82M 6.94M 0.74M -26.14M -16.71M -20.51M -1.26M 6.74M 9.36M 5.35M 2.22M 3.63M 1.41M 1.62M 1.99M 1.09M
Stock-Based Compensation 13.65M 11.25M 35.51M 40.14M 41.11M 35.85M 30.76M 30.76M 29.80M 33.65M 34.93M 25.67M 24.63M 25.94M 19.64M 15.88M 16.86M 15.40M 12.49M 2.10M 0.85M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 26.19M -30.85M -33.32M -81.40M -409.17M -3.37M 88.19M -18.10M -106.01M -86.56M -2.68M 53.52M -58.96M -59.47M -32.82M -82.63M 26.08M 98.73M -91.21M -49.04M -20.12M -14.40M 14.22M -10.54M 16.77M -8.35M -6.95M 5.13M -7.63M 0.93M -15.98M
Accounts Receivable -19.42M -0.40M -62.42M -44.05M -166.98M -153.91M 72.86M -59.30M -57.99M -67.46M -44.80M -9.92M -36.44M -33.69M -19.38M -19.26M -10.48M 6.96M -0.99M -3.47M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory -67.61M -31.79M -85.36M -16.62M -479.42M -251.28M -102.95M -111.19M -141.48M -71.16M -77.16M -66.98M -71.07M -68.49M -88.81M -113.94M -68.21M 51.90M -100.41M -80.80M -35.30M -29.89M -15.09M -14.15M -9.58M -20.79M -16.55M -13.69M -9.15M -5.09M -14.40M
Accounts Payable 162.85M 16.44M 91.56M 26.96M 265.68M 323.92M 75.65M 131.55M 138.73M 80.12M 127.20M 39.93M 12.17M 11.84M 13.68M 21.88M 22.84M 0.17M 6.14M 7.97M 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 42.76M -12.13M -2.94M -42.34M -62.84M -3.14M 70.32M -27.78M -42.58M -34.85M 4.49M 3.36M 0.66M 7.90M 39.11M 28.77M 52.93M 51.63M 0.69M 10.59M 13.65M 32.13M 28.52M -14.66M 36.29M 11.13M 3.53M 14.62M 2.11M 6.10M 11.46M
Other Non-Cash Items 97.66M 59.40M 272.49M 297.93M 189.13M 184.62M 279.32M 257.06M 161.02M 86.52M 131.61M 198.78M 49.22M 51.59M 4.71M -27.58M -66.19M -19.52M 101.93M -1.57M 9.52M 14.17M -21.62M -9.44M -13.01M -2.95M -4.97M -2.28M -20.35M 0.97M -6.81M
Net Cash from Operating 1,005.93M 595.00M 3,336.29M 2,999.32M 3,013.01M 2,936.35M 2,713.91M 2,461.36M 2,301.48M 2,161.11M 2,038.34M 1,908.06M 1,804.17M 1,806.98M 1,596.72M 1,537.04M 1,503.43M 1,434.64M 1,126.55M 1,043.12M 943.83M 944.53M 824.08M 697.55M 605.60M 512.99M 435.88M 351.94M 320.76M 301.63M 209.09M
Investments in PPE -300.81M -246.01M -1,163.84M -1,190.61M -1,092.78M -906.30M -816.24M -923.22M -891.20M -843.37M -767.65M -811.55M -780.93M -762.77M -714.69M -619.75M -544.67M -476.00M -612.45M -546.69M -464.46M -415.36M -365.18M -332.81M -336.23M -290.92M -234.41M -236.97M -245.52M -170.09M -152.20M
Acquisitions (Net) -3.56M -7.36M -22.91M -37.60M -103.00M -123.19M -50.74M -148.52M -131.42M -188.17M -100.93M -201.51M -74.77M -135.83M -71.54M -66.52M -45.70M -48.29M -193.02M -99.52M -23.29M -63.42M -77.12M -54.67M -38.41M -45.90M -37.32M -1.41M 0.00M -0.26M -0.58M
Purchases of Investments -0.22M -16.20M -147.26M -151.63M -151.56M -113.03M -105.57M -155.19M -86.15M -70.06M -65.96M -39.45M -26.46M -28.68M -24.03M -34.24M -34.06M -19.88M -49.58M -35.50M -28.21M -24.59M -15.98M -14.45M -6.22M -4.70M -4.20M -3.54M -1.83M -5.42M -2.97M
Sales/Maturities of Investments 0.48M 30.97M 112.96M 126.76M 109.98M 71.62M 99.60M 138.12M 109.44M 86.99M 73.63M 89.52M 49.73M 64.20M 40.19M 28.76M 20.32M 18.93M 27.92M 43.24M 24.78M 31.30M 16.53M 4.72M 15.22M 2.02M 6.45M 1.96M 2.14M 1.81M 2.31M
Other Investing Activities 7.71M 10.63M 65.70M 36.44M 51.81M 69.90M 66.42M 99.18M 56.69M 47.69M 45.47M 18.39M 34.26M 27.54M 22.52M 29.58M 37.65M 17.14M 59.73M 26.66M 49.90M 45.34M 24.97M 43.47M 8.84M 6.99M 14.87M 13.31M 3.76M 4.86M -4.98M
Net Cash from Investing -502.73M -268.49M -1,267.05M -1,394.96M -1,231.74M -1,223.41M -957.36M -1,025.44M -911.10M -1,027.25M -1,010.92M -1,027.07M -860.46M -949.33M -774.38M -727.89M -551.69M -542.67M -939.27M -576.70M -417.69M -413.64M -459.40M -421.43M -417.50M -429.54M -382.83M -260.51M -285.39M -203.03M -171.66M
Net Debt Issuance -39.70M -18.59M 23.36M 212.30M -75.20M -283.01M 90.01M -84.88M -15.62M 90.32M 64.98M 98.83M 179.75M 357.75M 261.82M 63.10M -158.30M -136.43M 440.28M 167.14M -39.99M -54.77M -41.84M -62.97M -51.75M 53.31M 89.28M 32.55M 39.04M 10.46M 20.09M
Long-Term Debt Issuance -29.50M -23.52M 54.39M 251.52M -21.82M -82.79M 186.34M 56.22M 80.75M 31.28M 143.68M 111.75M 200.04M 307.68M 264.43M 58.07M -101.20M 67.58M 384.48M 164.34M -31.96M -53.41M -14.14M -4.65M -32.47M 43.13M 53.26M 22.05M 28.82M 3.04M 14.34M
Short-Term Debt Issuance -1.73M 3.98M -5.74M -4.03M -25.55M -26.07M -46.55M -45.68M -10.33M 4.93M -6.19M -0.69M 1.92M -10.78M 8.91M 9.91M -6.67M -88.30M 9.50M 2.88M -2.67M -0.87M -1.82M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -103.45M -90.63M -370.52M -304.70M -302.81M -125.79M -109.11M -172.88M -161.88M -208.54M -177.46M -177.04M -182.54M -123.20M -99.01M -177.38M -97.40M -19.80M -197.59M -161.70M -86.67M -99.23M -48.22M -9.19M -11.11M -5.22M -20.69M -18.53M -12.03M -10.37M -3.28M
Common Stock Issued 0.00M 0.10M 0.66M 3.87M 3.40M 8.74M 5.99M 15.82M 6.53M 8.27M 3.64M 6.46M 8.87M 14.87M 6.46M 14.53M 36.34M 28.20M 31.77M 38.94M 39.60M 31.24M 34.15M 11.27M 18.13M 16.56M 6.36M 5.28M 13.50M 13.42M 9.45M
Common Stock Repurchased -102.36M -92.72M -397.09M -347.74M -319.64M -151.01M -105.18M -251.03M -180.67M -219.78M -176.85M -182.70M -217.64M -210.44M -153.30M -203.51M -107.73M -31.84M -258.79M -198.48M -116.64M -141.12M -85.96M -23.42M -16.60M -12.82M -24.70M -17.93M -19.85M -23.46M -7.17M
Net Common Stock Issuance -103.45M -90.63M -369.99M -304.70M -307.30M -122.34M -97.91M -172.72M -162.67M -207.04M -162.02M -163.11M -186.88M -153.74M -99.74M -177.38M -98.35M -21.25M -198.95M -162.11M -87.89M -99.25M -48.00M -10.07M -7.58M -6.02M -20.83M -18.34M -10.50M -10.37M -3.28M
Net 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 -242.90M -154.74M -917.37M -1,009.16M -784.81M -722.46M -676.55M -678.15M -645.55M -604.75M -601.02M -590.93M -498.54M -510.81M -432.77M -386.10M -323.63M -233.17M -238.64M -212.87M -192.51M -170.29M -143.57M -103.77M -79.33M -64.15M -44.44M -37.97M -32.81M -20.06M -15.54M
Common Dividends Paid -242.39M -154.74M -917.03M -1,000.97M -780.96M -694.16M -675.66M -678.47M -660.25M -602.02M -599.54M -548.52M -497.24M -509.82M -429.80M -412.30M -322.91M -252.98M -237.74M -207.94M -193.67M -167.84M -144.95M -95.04M -73.81M -63.64M -48.58M -41.00M -36.95M -20.56M -17.82M
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 -40.92M -27.95M -275.76M -311.14M -265.91M -294.70M -198.88M -173.94M -118.59M -86.91M -88.46M -41.53M -71.67M -61.16M -47.65M 21.26M -31.02M -22.57M -20.99M 2.32M -6.69M 0.31M -9.29M -12.33M -11.38M 0.89M -1.23M 0.90M -1.44M -0.54M -0.69M
Net Cash from Financing -572.08M -344.12M -1,671.24M -1,632.42M -1,738.00M -1,842.31M -1,055.87M -1,352.73M -1,104.35M -967.36M -1,050.36M -887.56M -787.01M -667.99M -463.40M -611.20M -648.47M -582.71M -204.96M -292.07M -361.43M -454.37M -280.52M -229.83M -212.26M -49.90M 11.66M -71.04M -24.39M -26.21M -8.03M
Effect of FX on Cash 0.91M 0.54M -8.61M -44.62M -11.43M 13.61M -24.23M -8.73M -8.15M -16.45M -0.41M -28.78M -3.14M -18.54M -11.06M -1.86M -3.62M -12.22M -7.41M 3.72M 1.34M 1.05M 2.16M -0.54M 2.10M -0.56M -1.03M -0.37M -2.47M -1.15M -0.65M
Net Change in Cash 21.91M 15.51M 209.12M 94.43M -197.25M -4.94M 665.17M 66.59M 2.89M 129.27M 138.48M 21.49M -30.46M 94.37M 45.12M 100.30M 151.94M 47.00M -0.28M 77.76M 18.96M 18.94M 19.45M 64.61M 38.59M 28.63M 9.50M 20.82M -1.30M 4.63M 4.15M
Cash at Beginning of Period 286.40M 389.41M 2,193.53M 2,214.08M 2,270.27M 2,410.69M 1,718.11M 1,634.01M 1,707.51M 1,586.37M 1,320.17M 1,117.91M 1,150.33M 1,116.90M 989.67M 826.76M 620.94M 563.51M 545.49M 478.20M 428.01M 345.71M 330.48M 238.83M 209.52M 152.67M 114.84M 80.09M 66.08M 50.16M 43.55M
Cash at End of Period 1,244.86M 363.30M 2,319.96M 2,334.70M 2,247.99M 2,229.57M 2,428.90M 1,720.98M 1,691.85M 1,661.99M 1,582.33M 1,327.71M 1,052.22M 1,204.62M 1,017.03M 924.24M 837.96M 622.92M 554.06M 532.51M 418.73M 451.11M 326.22M 290.44M 235.89M 171.63M 130.57M 110.58M 66.74M 61.03M 41.38M
Operating Cash Flow 993.07M 595.00M 3,336.29M 2,998.18M 3,013.02M 2,936.35M 2,713.91M 2,461.36M 2,301.59M 2,172.40M 2,089.28M 1,910.19M 1,804.17M 1,806.98M 1,596.72M 1,537.04M 1,503.43M 1,434.64M 1,126.54M 1,043.12M 943.83M 942.66M 833.67M 697.55M 605.80M 513.07M 435.91M 351.94M 320.76M 301.65M 209.07M
Capital Expenditure -304.75M -250.67M -1,177.50M -1,199.28M -1,093.69M -901.61M -814.57M -921.62M -889.77M -842.19M -768.47M -810.77M -780.43M -761.25M -713.38M -619.11M -543.13M -474.79M -611.58M -545.77M -462.99M -414.05M -365.82M -333.14M -337.78M -333.09M -234.41M -236.97M -245.52M -170.09M -152.20M
Free Cash Flow 549.65M 385.71M 1,968.52M 1,860.28M 1,756.97M 1,930.85M 1,925.79M 1,391.66M 1,195.24M 1,179.04M 1,142.43M 956.74M 938.20M 979.23M 903.35M 849.94M 994.99M 785.59M 508.28M 509.98M 460.51M 467.15M 383.84M 336.78M 232.10M 172.46M 133.13M 91.80M 71.03M 83.85M 36.67M
Income Taxes Paid 0.00M 26.63M 68.36M 51.71M 72.24M 34.77M 22.63M 29.89M 17.31M 17.41M 14.89M 8.64M 8.40M 3.54M 0.00M 7.36M 16.76M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Interest Paid 1.92M 30.54M 77.37M 61.92M 40.64M 34.32M 30.66M 40.48M 35.63M 21.12M 17.65M 10.40M 12.06M 7.81M 1.06M 2.01M 2.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M

Sector 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 2,325.49M 1,280.07M 5,281.44M 6,449.31M 7,298.77M 5,858.78M 5,159.33M 6,324.35M 6,208.46M 5,919.05M 5,095.83M 3,467.07M 5,400.50M 4,734.64M 4,765.12M 3,717.72M 3,443.72M 3,570.43M 2,838.82M 2,567.33M 2,260.71M 1,913.25M 1,967.24M 1,604.12M 2,253.61M 2,260.37M 1,846.56M 1,873.21M 1,982.21M 1,721.38M 1,236.10M
(-) Tax Adjustment 604.98M 332.47M 1,238.16M 1,385.37M 1,775.80M 1,343.54M 1,433.59M 1,701.07M 1,427.44M 1,313.45M 1,430.79M 882.52M 1,428.59M 1,323.29M 1,128.38M 1,145.63M 974.49M 1,044.51M 857.38M 785.98M 620.37M 567.31M 599.61M 544.99M 788.76M 775.99M 631.34M 655.62M 631.48M 586.45M 432.64M
(-) Change in Working Capital 26.19M -30.85M -33.32M -81.40M -409.17M -3.37M 88.19M -18.10M -106.01M -86.56M -2.68M 53.52M -58.96M -59.47M -32.82M -82.63M 26.08M 98.73M -91.21M -49.04M -20.12M -14.40M 14.22M -10.54M 16.77M -8.35M -6.95M 5.13M -7.63M 0.93M -15.98M
(-) Capital Expenditure 304.75M 250.67M 1,177.50M 1,199.28M 1,093.69M 901.61M 814.57M 921.62M 889.77M 842.19M 768.47M 810.77M 780.43M 761.25M 713.38M 619.11M 543.13M 474.79M 611.58M 545.77M 462.99M 414.05M 365.82M 333.14M 337.78M 333.09M 234.41M 236.97M 245.52M 170.09M 152.20M
Unlevered Free Cash Flow 1,389.56M 727.78M 2,899.09M 3,946.06M 4,838.45M 3,616.99M 2,822.98M 3,719.76M 3,997.25M 3,849.97M 2,899.24M 1,720.26M 3,250.44M 2,709.57M 2,956.18M 2,035.61M 1,900.01M 1,952.39M 1,461.07M 1,284.63M 1,197.47M 946.29M 987.59M 736.52M 1,110.30M 1,159.64M 987.76M 975.49M 1,112.84M 963.90M 667.25M
(-) Net Interest Income After Taxes -100.70M -76.47M -295.69M -262.24M -255.83M -236.27M -230.90M -237.59M -207.21M -208.44M -181.17M -190.31M -163.80M -160.47M -171.51M -130.19M -151.97M -149.62M -123.10M -70.84M -59.80M -50.52M -37.54M -20.07M -16.11M -10.97M -7.87M -4.82M -4.93M -4.98M -1.33M
Net Debt Issuance -39.70M -18.59M 23.36M 212.30M -75.20M -283.01M 90.01M -84.88M -15.62M 90.32M 64.98M 98.83M 179.75M 357.75M 261.82M 63.10M -158.30M -136.43M 440.28M 167.14M -39.99M -54.77M -41.84M -62.97M -51.75M 53.31M 89.28M 32.55M 39.04M 10.46M 20.09M
Levered Free Cash Flow 1,450.56M 785.66M 3,218.15M 4,420.60M 5,019.08M 3,570.26M 3,143.89M 3,872.47M 4,188.83M 4,148.72M 3,145.38M 2,009.39M 3,593.98M 3,227.80M 3,389.51M 2,228.90M 1,893.68M 1,965.58M 2,024.45M 1,522.61M 1,217.28M 942.04M 983.29M 693.63M 1,074.66M 1,223.92M 1,084.90M 1,012.87M 1,156.81M 979.34M 688.67M