Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 77.36 26.76 18.43 60.16 80.58
Price to Sales 1763.53 3122.33 2321.16 1729.72 919.23
Book Value Per Common Share 43.82 46.64 46.82 40.63 35.37
Price to Book 2.65 2.13 2.39 4.40 2.83
Price to Operating Cash Flow 16.25 13.57 16.17 31.56 19.12
Price to Free Cash Flow 16.33 13.67 16.26 31.78 19.40
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Price to Earnings 106.78 152.28 339.72 -3088.25 127.79 268.82 215.84 508.52 442.23 354.55
Price to Sales 29.29 30.87 5340.61 34.59 8338.98 19781.13 7133.05 4681.59 5896.44 4950.90
Book Value Per Common Share 42.64 42.93 43.21 43.82 44.46 46.18 46.64 46.19 46.82 40.70 40.63 38.05 36.96 34.86 35.37
Price to Book 2.50 2.62 2.83 2.65 2.78 2.13 2.13 2.27 2.39 4.08 4.40 3.88 3.59 3.15 2.83
Price to Operating Cash Flow 46.18 53.07 89.55 51.21 78.71 81.47 143.16 123.69
Price to Free Cash Flow 85.36 107.54 80.97 125.55
Enterprise Value to EBITDA 367884.08 443836.15 747168.06

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -59.57 -38.88 104.38 139.52
Revenue YoY 106.81 -33.48 -50.74 -2.48
EBITDA YoY
Net Profit YoY -59.51 -38.30 115.07 145.26
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Earning YoY 35.14 105.56 97.44 -49.35 384900.00 -3.33 -3.23
Revenue YoY -0.21 15843.27 -99.36 30058.26 122.15 -76.41 -12.97 43.53 2.58
EBITDA YoY 13.83
Net Profit YoY 35.04 107.35 100.13 -48.09 -62.07 -2.31 -3.73

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.19 2.39 0.10 6.01 4.23
Quick Ratio
Current Ratio
Debt to Equity 0.86 0.86 0.84 0.87 1.05
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 0.24 0.30 0.24 0.20 0.29 0.85 2.43 0.19 0.10 10.72 5.94 4.15 3.72 3.35 4.32
Quick Ratio 0.04 0.05 0.09
Current Ratio 0.05 0.06 0.11
Debt to Equity 0.96 0.96 0.92 0.86 0.86 0.82 0.86 0.86 0.84 0.97 0.87 0.94 0.97 1.04 1.05
Long-Term Debt to Equity 0.77 0.76 0.76

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 1.84 4.30 7.01 3.81 1.72
ROE 3.44 7.98 12.93 7.12 3.52
Gross Margin -13390.50 -27038.13 -16137.84 -6651.49 -6114.97
Operating Margin
EBITDA Margin
Net Profit Margin 2287.98 11686.73 12598.55 2885.56 1147.32
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA 1.20 0.88 0.43 -0.05 0.92 0.45 0.95 0.38 0.40 0.44
ROE 2.36 1.73 0.83 -0.09 1.68 0.84 1.88 0.75 0.80 0.90
Gross Margin 60.69 61.16 -3904.54 60.28 -7566.51 -16090.66 -3069.43 -2300.77 -3080.73 -3055.17
Operating Margin 37.75 30.06 7.89
EBITDA Margin 78.05 68.42 45.55
Net Profit Margin 27.47 20.30 1561.00 -1.08 6533.41 7252.08 3295.71 907.73 1333.58 1420.99

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio 106.69 144.05 -2707.71

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 8,852,144.00 9,383,737.00 9,327,935.00 7,976,784.00 7,198,952.00
      Cash and Short-Term Investments 21,045.00 259,686.00 10,687.00 613,391.00 420,441.00
            Cash and Cash Equivalents 21,045.00 259,686.00 10,687.00 613,391.00 420,441.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 0 0 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 1,725,026.00 1,716,273.00 1,722,273.00 1,356,494.00 1,234,414.00
      Real Estate 6,452,038.00 6,660,866.00 6,826,508.00 5,266,707.00 4,729,562.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 13,730.00 18,994.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 4,104,955.00 4,331,966.00 4,271,014.00 3,710,529.00 3,682,365.00
      Payables and Expenses 0 0 0 0 0
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 4,747,189.00 5,051,771.00 5,056,921.00 4,266,255.00 3,516,587.00
   Shareholders Equity 4,675,198.00 4,980,757.00 4,986,620.00 4,197,490.00 3,444,905.00
      Capital Stock 0 0 0 0 0
      Share Premium 5,930,729.00 5,914,868.00 5,897,454.00 5,363,530.00 4,581,710.00
      Retained Earnings 0 0 0 0 0
      Treasury Shares -359,732.00 -320,364.00 -328,684.00 -333,974.00 -341,412.00
      Accumulated Other Comprehensive Income 974.00 -1,252.00 -1,774.00 -3,739.00 -5,383.00
   Minority Interest 71,991.00 71,014.00 70,301.00 68,765.00 71,682.00
Investments 0 0 0 13,730.00 18,994.00
Debt 3,485,591.00 3,715,436.00 3,680,913.00 3,170,367.00 3,166,625.00
Net Debt 3,464,546.00 3,455,750.00 3,670,226.00 2,556,976.00 2,746,184.00
Common Shares Outstanding 106,700.00 106,800.00 106,500.00 103,300.00 97,400.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 7,137.00 3,451.00 5,188.00 10,532.00 10,800.00
Cost Of Revenue 962,817.00 936,537.00 842,419.00 711,067.00 671,217.00
Gross Profit -955,680.00 -933,086.00 -837,231.00 -700,535.00 -660,417.00
   Selling, General and Administrative Expenses 120,759.00 257,515.00 242,757.00 208,690.00 196,260.00
Interest Expense 129,815.00 133,395.00 113,424.00 97,297.00 91,526.00
EBT 0 0 0 0 0
Income Tax 0.00 0.00 0.00 0.00 0.00
Equity Method Investments Income 0 0 0 0 8,100.00
Net Income Including Non-Controlling Interests 170,840.00 410,553.00 661,508.00 312,376.00 128,579.00
Net Income Non-Controlling Interests -7,547.00 -7,244.00 -7,895.00 -8,469.00 -4,668.00
Net Income 163,293.00 403,309.00 653,613.00 303,907.00 123,911.00
Deprecation and Amortization 582,014.00 574,813.00 577,020.00 420,692.00 367,162.00
EPS 0.00 0.00 0.01 0.00 0.00
Diluted EPS 0.00 0.00 0.01 0.00 0.00
Average Shares Outstanding Basic 108,491.00 108,653.00 107,605.00 101,999.00 99,385.00
Average Shares Outstanding Diluted 108,539.00 109,399.00 108,388.00 102,829.00 99,438.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 774,877.00 794,950.00 744,712.00 577,467.00 519,319.00
   Operating Net Income 170,840.00 410,553.00 661,508.00 312,376.00 128,579.00
   Deprecation and Amortization 582,014.00 574,813.00 577,020.00 420,692.00 367,162.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 15,166.00 14,512.00 12,822.00 15,397.00 13,942.00
   Change in Working Capital 34,717.00 13,639.00 22,901.00 14,786.00 11,745.00
   Other Operating Activities -27,860.00 -218,567.00 -529,539.00 -185,784.00 -2,109.00
Investing Cash Flow -285,230.00 -127,127.00 -1,456,184.00 -804,391.00 -429,602.00
   Capital Expenditure -3,800.00 -5,597.00 -4,407.00 -4,032.00 -7,498.00
   Net Purchase/Sale of PPE -3,800.00 -5,597.00 -4,407.00 -4,032.00 -7,498.00
   Net Purchase/Sale of Investments Net -2,169.00 -1,259.00 -6,831.00 3,597.00 2,941.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -275,461.00 -114,674.00 -1,440,539.00 -799,924.00 -417,547.00
Financing Cash Flow -725,485.00 -417,214.00 109,930.00 421,371.00 307,317.00
   Net Issuance/Repayment of Debt -226,048.00 18,486.00 -8,000.00 0 638,823.00
   Net Issuance/Repurchase of Equity 49,997.00 0 516,758.00 759,209.00 0
   Dividends Paid 450,965.00 434,875.00 396,822.00 343,039.00 333,360.00
   Other Financing Activities -1,000,399.00 -870,575.00 -795,650.00 -680,877.00 -664,866.00
Net Change in Cash -235,838.00 250,609.00 -601,542.00 194,447.00 397,034.00
   Cash at Beginning of Period 268,047.00 17,438.00 618,980.00 424,533.00 27,499.00
   Cash at End of Period 32,209.00 268,047.00 17,438.00 618,980.00 424,533.00
Free Cash Flow 771,077.00 789,353.00 740,305.00 573,435.00 511,821.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Assets 9,055,166.00 9,119,573.00 8,993,132.00 8,852,144.00 8,947,181.00 9,103,604.00 9,383,737.00 9,295,169.00 9,327,935.00 8,462,710.00 7,976,784.00 7,685,567.00 7,457,117.00 7,104,033.00 7,198,952.00
   Current Assets 46,198.00 53,434.00 0 0 51,339.00 0 0 0 0 0 0 0 0 0 0
      Cash and Short-Term Investments 25,931.00 33,091.00 26,182.00 21,045.00 31,234.00 92,693.00 259,686.00 20,419.00 10,687.00 1,129,716.00 613,391.00 428,226.00 374,556.00 333,402.00 420,441.00
            Cash and Cash Equivalents 25,931.00 33,091.00 26,182.00 21,045.00 31,234.00 92,693.00 259,686.00 20,419.00 10,687.00 1,129,716.00 613,391.00 428,226.00 374,556.00 333,402.00 420,441.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 8,889.00 8,889.00 0 0 8,993.00 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 11,378.00 11,454.00 0 0 11,112.00 0 0 0 0 0 0 0 0 0 0
   Non-Current Assets 9,008,968.00 9,066,139.00 0 0 8,895,842.00 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 0 0 1,763,468.00 1,725,026.00 0 1,706,983.00 1,716,273.00 1,722,881.00 1,722,273.00 1,343,209.00 1,356,494.00 1,317,431.00 1,285,634.00 1,233,937.00 1,234,414.00
      Real Estate 8,753,635.00 8,804,039.00 15,649,320.00 6,452,038.00 8,633,503.00 15,811,405.00 6,660,866.00 6,791,357.00 6,826,508.00 5,214,705.00 5,266,707.00 5,217,414.00 5,069,780.00 4,739,203.00 4,729,562.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 13,181.00 13,730.00 17,788.00 18,415.00 18,800.00 18,994.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 255,333.00 262,100.00 0 0 262,339.00 0 0 0 0 0 0 0 0 0 0
Liabilities 4,443,391.00 4,459,577.00 4,305,914.00 4,104,955.00 4,132,903.00 4,109,976.00 4,331,966.00 4,291,616.00 4,271,014.00 4,176,171.00 3,710,529.00 3,731,745.00 3,670,909.00 3,629,957.00 3,682,365.00
   Current Liabilities 907,775.00 929,579.00 0 0 467,078.00 0 0 0 0 0 0 0 0 0 0
      Payables and Expenses 478,175.00 413,979.00 0 0 467,078.00 0 0 0 0 0 0 0 0 0 0
            Account Payables 232,960.00 206,018.00 0 0 221,880.00 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 429,600.00 515,600.00 600,000.00 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0.00 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0
   Non-Current Liabilities 3,535,616.00 3,529,998.00 0 0 3,665,825.00 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 3,310,636.00 3,310,376.00 0 0 3,451,798.00 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 224,980.00 219,622.00 0 0 214,027.00 0 0 0 0 0 0 0 0 0 0
Equity 4,611,775.00 4,659,996.00 4,687,218.00 4,747,189.00 4,814,278.00 4,993,628.00 5,051,771.00 5,003,553.00 5,056,921.00 4,286,539.00 4,266,255.00 3,953,822.00 3,786,208.00 3,474,076.00 3,516,587.00
   Shareholders Equity 4,536,293.00 4,587,485.00 4,614,956.00 4,675,198.00 4,742,562.00 4,922,387.00 4,980,757.00 4,933,290.00 4,986,620.00 4,216,429.00 4,197,490.00 3,888,685.00 3,718,241.00 3,405,977.00 3,444,905.00
      Capital Stock 1,157.00 1,157.00 0 0 1,158.00 0 0 0 0 0 0 0 0 0 0
      Share Premium 5,945,277.00 5,941,893.00 5,936,982.00 5,930,729.00 5,927,477.00 5,919,851.00 5,914,868.00 5,903,437.00 5,897,454.00 5,396,267.00 5,363,530.00 5,180,783.00 4,953,703.00 4,588,056.00 4,581,710.00
      Retained Earnings -1,011,983.00 -1,007,075.00 0 0 -826,725.00 0 0 0 0 0 0 0 0 0 0
      Treasury Shares 400,185.00 350,166.00 -351,092.00 -359,732.00 359,989.00 -356,880.00 -320,364.00 -321,431.00 -328,684.00 -329,521.00 -333,974.00 -334,066.00 -334,161.00 -335,511.00 -341,412.00
      Accumulated Other Comprehensive Income 2,027.00 1,676.00 1,325.00 974.00 641.00 -78.00 -1,252.00 -1,415.00 -1,774.00 -3,370.00 -3,739.00 -4,266.00 -4,638.00 -5,010.00 -5,383.00
   Minority Interest 75,482.00 72,511.00 72,262.00 71,991.00 71,716.00 71,241.00 71,014.00 70,263.00 70,301.00 70,110.00 68,765.00 65,137.00 67,967.00 68,099.00 71,682.00
Investments 0 0 0 0 0 0 0 0 0 13,181.00 13,730.00 17,788.00 18,415.00 18,800.00 18,994.00
Debt 3,740,236.00 3,825,976.00 3,735,671.00 3,485,591.00 3,451,798.00 3,553,469.00 3,715,436.00 3,747,816.00 3,680,913.00 3,671,309.00 3,170,367.00 3,169,428.00 3,168,492.00 3,167,557.00 3,166,625.00
Net Debt 3,714,305.00 3,792,885.00 3,709,489.00 3,464,546.00 3,420,564.00 3,460,776.00 3,455,750.00 3,727,397.00 3,670,226.00 2,541,593.00 2,556,976.00 2,741,202.00 2,793,936.00 2,834,155.00 2,746,184.00
Common Shares Outstanding 106,395.57 106,852.88 106,800.00 106,700.00 106,681.43 106,600.00 106,800.00 106,800.00 106,500.00 103,600.00 103,300.00 102,200.00 100,600.00 97,700.00 97,400.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 395,676.00 396,509.00 2,487.00 387,232.00 1,284.00 578.00 2,450.00 2,815.00 3,248.00 2,263.00 2,206.00
Cost Of Revenue 155,524.00 154,012.00 99,593.00 153,800.00 98,438.00 93,582.00 77,651.00 491,507.00 77,977.00 71,980.00 69,603.00
Interest Income 78.00 68.00 0 1,076.00 0 0 0 0 0 0 0
Interest Expense 34,995.00 35,375.00 33,790.00 32,486.00 32,537.00 32,843.00 24,542.00 24,582.00 24,987.00 24,084.00 23,644.00
Non-Interest Expense 19,612.00 21,183.00 0 18,845.00 0 0 0 0 0 0 0
Gross Profit 240,152.00 242,497.00 -97,106.00 233,432.00 -97,154.00 -93,004.00 -75,201.00 -488,692.00 -74,729.00 -69,717.00 -67,397.00
Operating Expenses 176,521.00 170,658.00 0 162,982.00 0 0 0 0 0 0 0
   Selling, General and Administrative Expenses 19,612.00 21,183.00 31,014.00 18,845.00 66,194.00 64,752.00 54,663.00 50,651.00 53,691.00 52,673.00 51,675.00
   Other Operating Expenses -2,565.00 -2,633.00 0 -1,707.00 0 0 0 0 0 0 0
Operating Income 63,631.00 71,839.00 0 70,450.00 0 0 0 0 0 0 0
EBT 114,359.00 83,825.00 0 -1,948.00 0 0 0 0 0 0 0
Income Tax 780.00 1,231.00 0.00 390.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests 113,579.00 82,594.00 40,767.00 -2,338.00 85,759.00 43,619.00 83,601.00 217,859.00 30,605.00 31,439.00 32,473.00
Net Income Non-Controlling Interests -4,645.00 -1,924.00 -1,945.00 -1,866.00 -1,870.00 -1,702.00 -2,856.00 -4,961.00 -1,122.00 -1,260.00 -1,126.00
Net Income 108,701.00 80,497.00 38,822.00 -4,192.00 83,889.00 41,917.00 80,745.00 212,898.00 29,483.00 30,179.00 31,347.00
EBIT 149,354.00 119,200.00 0 30,538.00 0 0 0 0 0 0 0
Deprecation and Amortization 159,474.00 152,108.00 149,252.00 145,844.00 144,802.00 142,444.00 113,138.00 316,651.00 8,400.00 2,500.00 93,141.00
EBITDA 308,828.00 271,308.00 0 176,382.00 0 0 0 0 0 0 0
EPS 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 108,524.00 108,636.00 108,530.00 108,426.00 108,706.00 108,568.00 105,336.00 104,677.00 103,071.00 100,701.00 99,547.00
Average Shares Outstanding Diluted 108,580.00 109,400.00 108,597.00 108,426.00 108,729.00 108,604.00 106,152.00 107,757.00 103,171.00 100,767.00 99,621.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow 250,927.00 230,663.00 148,216.00 261,560.00 135,890.00 139,711.00 122,287.00 489,011.00 0 0 88,456.00
   Operating Net Income 113,579.00 82,594.00 40,767.00 -2,338.00 85,759.00 43,619.00 83,601.00 217,859.00 30,605.00 31,439.00 32,473.00
   Deprecation and Amortization 159,474.00 152,108.00 149,252.00 145,844.00 144,802.00 142,444.00 113,138.00 316,651.00 8,400.00 2,500.00 93,141.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 4,471.00 4,187.00 4,058.00 3,780.00 3,360.00 3,629.00 3,175.00 11,720.00 0 0 3,677.00
   Change in Working Capital 59,048.00 39,067.00 -32,618.00 73,286.00 -49,693.00 -47,467.00 -29,708.00 47,787.00 0 0 -33,001.00
   Other Operating Activities -85,645.00 -47,293.00 -13,243.00 40,988.00 -48,338.00 -2,514.00 -47,919.00 -177,950.00 0 0 -7,834.00
Investing Cash Flow -5,108.00 -197,512.00 -275,945.00 -95,564.00 6,890.00 -93,535.00 -48,910.00 -712,325.00 0 0 -92,066.00
   Capital Expenditure -115,171.00 -116,820.00 0.00 -96,132.00 0.00 0.00 0.00 -2,717.00 0.00 0.00 -1,315.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 -2,717.00 0 0 -1,315.00
   Net Purchase/Sale of Investments Net 0 0 -1,193.00 0 -1,490.00 -1,627.00 -5,696.00 4,023.00 0 0 -426.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 110,063.00 -80,692.00 -274,752.00 568.00 8,380.00 -91,908.00 -43,214.00 -710,914.00 0 0 -89,010.00
Financing Cash Flow -253,055.00 -26,395.00 133,309.00 -225,551.00 -309,904.00 -36,332.00 443,137.00 504,787.00 0 0 -83,416.00
   Net Issuance/Repayment of Debt -86,548.00 89,041.00 247,780.00 -112,000.00 -154,048.00 66,000.00 500,000.00 0 0 0 0
   Net Issuance/Repurchase of Equity -49,999.00 0 0 0 45,682.00 0 26,165.00 179,691.00 220,675.00 358,843.00 0
   Dividends Paid -115,975.00 -115,953.00 113,537.00 -113,507.00 110,427.00 103,599.00 88,786.00 258,892.00 0 0 84,147.00
   Other Financing Activities -533.00 517.00 -228,008.00 -44.00 -311,965.00 -205,931.00 -171,814.00 -513,314.00 0 0 -167,563.00
Net Change in Cash -7,236.00 6,756.00 5,580.00 -59,555.00 -167,124.00 9,844.00 516,514.00 281,473.00 0 0 -87,026.00
   Cash at Beginning of Period 44,545.00 37,789.00 32,209.00 101,901.00 268,047.00 17,438.00 618,980.00 337,507.00 0 0 424,533.00
   Cash at End of Period 37,309.00 44,545.00 37,789.00 42,346.00 100,923.00 27,282.00 1,135,494.00 618,980.00 433,547.00 379,318.00 337,507.00
Free Cash Flow 135,756.00 113,843.00 0 165,428.00 0 0 0 486,294.00 0 0 87,141.00