KIM

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 8.78
Price to Sales 7.72 7.37 7.55 9.14 6.10
Book Value Per Common Share 15.68 15.37 15.39 16.05 12.97
Price to Book 1.49 1.39 1.38 1.54 1.16
Price to Operating Cash Flow 15.65 12.27 15.14 20.16 10.94
Price to Free Cash Flow
Enterprise Value to EBITDA 126089.61 94265.30 168789.31 113056.66 46252.54
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Price to Earnings 115.00 91.39 122.21
Price to Sales 27.51 27.00 26.80 30.70 26.09 27.48 27.19 35.54 28.60
Book Value Per Common Share 15.48 15.54 15.58 15.68 15.61 15.75 15.37 15.52 15.57 15.39 16.20 16.05 13.07 12.97
Price to Book 1.41 1.35 1.36 1.49 1.49 1.24 1.39 1.27 1.25 1.38 1.52 1.54 1.44 1.16
Price to Operating Cash Flow 44.35 46.43 64.25 52.67 74.62 34.88 78.04 54.41
Price to Free Cash Flow 44.35 46.43 52.67
Enterprise Value to EBITDA 416182.78 377505.44 411894.72 462747.66 489969.51 249177.39 387273.37 333393.86

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 14.22 3.22 26.61 28.99
EBITDA YoY -9.90 80.56 -42.28 -4.21
Net Profit YoY -37.22 419.36 -85.08 -15.66
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Earning YoY -17.39
Revenue YoY 2.03 -2.13 5.71 0.77 13.76 -0.01 3.66 51.34
EBITDA YoY -5.71 7.62 3.59 25.37 23.27 61.69
Net Profit YoY -16.28 16.56 3.75 -63.20 22.11 72.03

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 1.03 1.27 0.24 0.66 0.68
Quick Ratio
Current Ratio
Debt to Equity 0.87 0.88 0.83 0.82 1.04
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 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Cash Per Common Share 0.24 0.34 0.20 1.02 1.18 0.20 1.26 0.87 0.53 0.24 0.60 0.54 0.59 0.68
Quick Ratio 3.16 3.82 3.52
Current Ratio 3.16 3.82 3.52
Debt to Equity 0.86 0.85 0.83 0.87 0.87 0.80 0.88 0.82 0.82 0.83 0.81 0.82 1.04 1.04
Long-Term Debt to Equity 0.83 0.82 0.84

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 2.02 3.58 0.71 4.57 8.62
ROE 3.79 6.73 1.29 8.34 17.60
Gross Margin 99.73
Operating Margin 32.35 50.14 15.69 69.56 105.38
EBITDA Margin 61.99 78.58 44.92 98.53 132.69
Net Profit Margin 20.17 36.69 7.29 61.85 94.61
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
ROA 0.65 0.78 0.67 0.64 -0.06 0.59 1.61 1.28 1.18
ROE 1.21 1.44 1.23 1.19 -0.10 1.08 2.93 2.32 2.40
Gross Margin 69.40 69.18 68.88 99.60
Operating Margin 36.82 42.04 35.77 38.13 22.85 40.49 81.19 61.76 59.83
EBITDA Margin 66.35 71.80 65.30 66.64 53.56 109.71 92.26 86.35
Net Profit Margin 24.19 29.48 24.75 25.22 -2.18 24.08 65.43 55.54 48.86

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield 0.00
Dividend Payout Ratio 166.97
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Dividend Yield 0.00 0.00 0.00 0.00
Dividend Payout Ratio 136.45 114.24 133.62 132.59

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 20,309,896.00 18,274,022.00 17,826,122.00 18,459,199.00 11,614,498.00
      Cash and Short-Term Investments 689,731.00 783,757.00 149,829.00 334,663.00 293,188.00
            Cash and Cash Equivalents 689,731.00 783,757.00 149,829.00 334,663.00 293,188.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 6,800.00 578.00 1,905.00 5,029.00 0
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 4,624,637.00 4,306,055.00 4,258,275.00 4,126,233.00 2,884,257.00
      Real Estate 50,293,042.00 44,949,847.00 44,412,356.00 44,145,296.00 27,979,021.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 70,100.00 1,231,893.00 1,207,581.00 1,122,015.00 707,840.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 9,464,107.00 8,548,287.00 8,086,280.00 8,335,537.00 5,928,460.00
      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 10,845,789.00 9,725,735.00 9,739,842.00 10,123,662.00 5,686,038.00
   Shareholders Equity 10,652,547.00 9,525,465.00 9,515,508.00 9,899,389.00 5,608,044.00
      Capital Stock 6,816.00 6,218.00 6,204.00 6,187.00 4,345.00
      Share Premium 11,033,485.00 9,638,494.00 9,618,271.00 9,591,871.00 5,766,511.00
      Retained Earnings -398,792.00 -122,576.00 -119,548.00 299,115.00 0
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 11,038.00 3,329.00 10,581.00 2,216.00 0
   Minority Interest 145,365.00 127,993.00 131,401.00 210,793.00 62,210.00
Investments 179,737.00 1,561,950.00 1,805,313.00 2,333,754.00 1,414,794.00
Debt 8,578,375.00 7,726,781.00 7,271,565.00 7,599,481.00 5,452,099.00
Net Debt 7,888,644.00 6,943,024.00 7,121,736.00 7,264,818.00 5,158,911.00
Common Shares Outstanding 679,493.52 619,871.24 618,483.56 616,658.59 432,518.74
Preferred Shares Outstanding 20.81 19.37 19.43 19.58 19.58
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 2,037,014.00 1,783,400.00 1,727,684.00 1,364,585.00 1,057,893.00
Cost Of Revenue 5,500.00 0 0 0 0
Interest Expense 307,806.00 250,201.00 226,823.00 204,133.00 186,904.00
Provisions for Credit Losses 5,500.00 0 0 0 0
Gross Profit 2,031,514.00 0 0 0 0
Operating Expenses 1,402,426.00 1,219,599.00 1,177,399.00 971,140.00 731,765.00
   Selling, General and Administrative Expenses 399,840.00 368,385.00 344,263.00 285,377.00 250,878.00
   Other Operating Expenses 1,002,586.00 851,214.00 833,136.00 685,763.00 480,887.00
Operating Income 629,088.00 638,777.00 565,464.00 424,286.00 332,612.00
Net Non-Operating Income -277,880.00 5,137.00 -521,160.00 320,840.00 595,262.00
EBT 351,208.00 643,914.00 44,304.00 745,126.00 927,874.00
Income Tax 25,417.00 60,952.00 56,654.00 3,380.00 978.00
Equity Method Investments Income 0 -10,709.00 -10,600.00 -9,200.00 -5,600.00
Net Income Including Non-Controlling Interests 419,439.00 665,949.00 114,534.00 849,696.00 1,002,877.00
Net Income Non-Controlling Interests -8,654.00 -11,676.00 11,442.00 -5,637.00 -2,044.00
Net Income 410,785.00 654,273.00 125,976.00 844,059.00 1,000,833.00
EBIT 659,014.00 894,115.00 271,127.00 949,259.00 1,114,778.00
Deprecation and Amortization 603,685.00 507,265.00 505,000.00 395,320.00 288,955.00
EBITDA 1,262,699.00 1,401,380.00 776,127.00 1,344,579.00 1,403,733.00
EPS 0 0 0 0 0.00
Diluted EPS 0 0 0 0 0.00
Average Shares Outstanding Basic 671,561.00 616,947.00 615,528.00 506,248.00 429,950.00
Average Shares Outstanding Diluted 672,136.00 618,199.00 617,858.00 511,385.00 431,633.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 1,005,621.00 1,071,607.00 861,114.00 618,875.00 589,913.00
   Operating Net Income 419,439.00 665,949.00 114,534.00 849,696.00 1,002,877.00
   Deprecation and Amortization 603,685.00 507,265.00 505,000.00 395,320.00 288,955.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 34,900.00 33,054.00 26,639.00 23,150.00 23,685.00
   Change in Working Capital -44,085.00 -14,059.00 13,447.00 -82,362.00 -20,179.00
   Other Operating Activities -8,318.00 -120,602.00 201,494.00 -566,929.00 -705,425.00
Investing Cash Flow -318,541.00 -136,983.00 -63,217.00 -476,259.00 -33,273.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net 300,088.00 288,938.00 -298,501.00 377.00 431.00
   Net Purchase/Sale of Business 145,048.00 -24,494.00 87,301.00 -276,544.00 -15,882.00
   Other Investing Activities -763,677.00 -401,427.00 147,983.00 -200,092.00 -17,822.00
Financing Cash Flow -781,106.00 -300,696.00 -982,731.00 -101,141.00 -387,399.00
   Net Issuance/Repayment of Debt -22,366.00 -60,768.00 -167,736.00 -239,910.00 -369,249.00
   Net Issuance/Repurchase of Equity 109,077.00 2,236.00 12,072.00 82,989.00 981.00
   Dividends Paid -685,899.00 657,460.00 544,740.00 382,132.00 379,874.00
   Other Financing Activities -181,918.00 -899,624.00 -1,371,807.00 -326,352.00 -399,005.00
Net Change in Cash -94,026.00 633,928.00 -184,834.00 41,475.00 169,241.00
   Cash at Beginning of Period 783,757.00 149,829.00 334,663.00 293,188.00 123,947.00
   Cash at End of Period 689,731.00 783,757.00 149,829.00 334,663.00 293,188.00
Free Cash Flow 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Assets 19,880,039.00 19,796,555.00 19,731,252.00 20,309,896.00 20,128,996.00 19,466,379.00 18,274,022.00 17,927,718.00 17,961,229.00 17,826,122.00 18,543,581.00 18,459,199.00 11,699,703.00 11,614,498.00
   Current Assets 1,135,437.00 1,008,168.00 0 0 1,112,760.00 0 0 0 0 0 0 0 0 0
      Cash and Short-Term Investments 159,339.00 226,553.00 132,503.00 689,731.00 791,306.00 136,767.00 783,757.00 536,477.00 329,177.00 149,829.00 370,318.00 334,663.00 253,852.00 293,188.00
            Cash and Cash Equivalents 159,339.00 226,553.00 132,503.00 689,731.00 788,951.00 136,767.00 783,757.00 536,477.00 329,177.00 149,829.00 370,318.00 334,663.00 253,852.00 293,188.00
            Short-Term Investments 0 0 0 0 2,355.00 0 0 0 0 0 0 0 0 0
      Net Receivables 974,956.00 780,342.00 6.80 6,800.00 320,361.00 0 578.00 943.00 1,401.00 1,905.00 3,671.00 5,029.00 9,995.00 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 1,142.00 1,273.00 0 0 1,093.00 0 0 0 0 0 0 0 0 0
   Non-Current Assets 18,744,602.00 18,788,387.00 0 0 19,016,236.00 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 129,217.00 130,768.00 124,925.00 4,624,637.00 130,914.00 132,712.00 4,306,055.00 130,287.00 132,020.00 4,258,275.00 145,784.00 4,126,233.00 101,433.00 2,884,257.00
      Real Estate 16,750,039.00 16,751,461.00 16,837,121.00 50,293,042.00 16,515,749.00 16,626,386.00 44,949,847.00 15,019,986.00 15,108,018.00 44,412,356.00 5,672.00 44,145,296.00 5,672.00 27,979,021.00
      Goodwill 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
      Long-Term Investments 1,563,692.00 1,576,700.00 1,476,841.00 70,100.00 1,598,724.00 1,673,051.00 1,231,893.00 1,234,936.00 1,225,412.00 1,207,581.00 1,118,135.00 1,122,015.00 710,228.00 707,840.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 9,195,037.00 9,078,579.00 8,950,651.00 9,464,107.00 9,386,245.00 8,628,084.00 8,548,287.00 8,079,377.00 8,082,389.00 8,086,280.00 8,314,939.00 8,335,537.00 5,953,384.00 5,928,460.00
   Current Liabilities 359,490.00 263,685.00 0 0 315,994.00 0 0 0 0 0 0 0 0 0
      Payables and Expenses 322,849.00 263,685.00 0 0 315,994.00 0 0 0 0 0 0 0 0 0
            Account Payables 316,485.00 257,321.00 0 0 309,272.00 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
      Short-Term Debt 36,641.00 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0
   Non-Current Liabilities 8,835,547.00 8,814,894.00 0 0 9,070,251.00 0 0 0 0 0 0 0 0 0
      Long-Term Debt 8,309,464.00 8,281,104.00 0 0 8,423,632.00 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 526,083.00 533,790.00 0 0 646,619.00 0 0 0 0 0 0 0 0 0
Equity 10,685,002.00 10,717,976.00 10,780,601.00 10,845,789.00 10,742,751.00 10,838,295.00 9,725,735.00 9,848,341.00 9,878,840.00 9,739,842.00 10,228,642.00 10,123,662.00 5,746,319.00 5,686,038.00
   Shareholders Equity 10,486,208.00 10,520,675.00 10,588,276.00 10,652,547.00 10,523,213.00 10,620,039.00 9,525,465.00 9,623,098.00 9,653,102.00 9,515,508.00 10,011,030.00 9,899,389.00 5,663,313.00 5,608,044.00
      Capital Stock 6,793.00 6,793.00 6,816.00 6,816.00 6,762.00 6,762.00 6,218.00 6,218.00 6,218.00 6,204.00 6,200.00 6,187.00 4,354.00 4,345.00
      Share Premium 10,984,725.00 10,979,077.00 11,025,904.00 11,033,485.00 10,917,003.00 10,906,300.00 9,638,494.00 9,621,686.00 9,614,913.00 9,618,271.00 9,589,955.00 9,591,871.00 5,763,868.00 5,766,511.00
      Retained Earnings -496,466.00 -457,405.00 -443,533.00 -398,792.00 -387,067.00 -303,302.00 -122,576.00 -20,748.00 21,390.00 -119,548.00 412,659.00 299,115.00 0 0
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -8,844.00 -7,790.00 -911.00 11,038.00 -13,485.00 10,279.00 3,329.00 15,942.00 10,581.00 10,581.00 2,216.00 2,216.00 0 0
   Minority Interest 198,794.00 197,301.00 145,701.00 145,365.00 219,538.00 147,817.00 127,993.00 132,310.00 132,805.00 131,401.00 204,132.00 210,793.00 65,154.00 62,210.00
Investments 0 0 1,584,141.00 179,737.00 0 1,675,788.00 1,561,950.00 1,549,762.00 1,676,995.00 1,805,313.00 2,453,008.00 2,333,754.00 1,478,217.00 1,414,794.00
Debt 8,346,105.00 8,281,104.00 8,140,244.00 8,578,375.00 8,423,632.00 7,716,254.00 7,726,781.00 7,245,818.00 7,264,748.00 7,271,565.00 7,612,063.00 7,599,481.00 5,437,314.00 5,452,099.00
Net Debt 8,065,501.00 7,932,165.00 8,007,741.00 7,888,644.00 7,513,264.00 7,579,487.00 6,943,024.00 6,709,341.00 6,935,571.00 7,121,736.00 7,241,745.00 7,264,818.00 5,183,462.00 5,158,911.00
Common Shares Outstanding 677,195.72 677,205.01 679,497.44 679,493.52 674,082.06 674,117.92 619,871.24 619,888.89 619,891.81 618,483.56 618,002.53 616,658.59 433,448.39 432,518.74
Preferred Shares Outstanding 0 0 20.76 20.81 0 21.22 19.37 19.37 19.42 19.43 19.58 19.58 19.58 19.58
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31 2022-03-31 2021-03-31
Revenues 535,861.00 525,175.00 536,624.00 507,632.00 503,754.00 442,840.00 442,892.00 427,249.00 282,308.00
Cost Of Revenue 163,982.00 161,870.00 0 157,979.00 2,000.00 0 0 0 0
Interest Expense 84,261.00 81,204.00 80,377.00 76,216.00 74,565.00 60,674.00 61,306.00 57,019.00 47,716.00
Non-Interest Expense 29,646.00 32,447.00 0 33,850.00 0 0 0 0 0
Provisions for Credit Losses 0 0 0 0 2,000.00 0 0 0 0
Gross Profit 371,879.00 363,305.00 0 349,653.00 501,754.00 0 0 0 0
Operating Expenses 187,915.00 188,770.00 357,027.00 178,538.00 371,059.00 298,818.00 309,617.00 288,134.00 187,845.00
   Selling, General and Administrative Expenses 29,646.00 32,447.00 104,303.00 33,850.00 99,658.00 90,355.00 92,255.00 84,262.00 63,414.00
   Other Operating Expenses 0 0 252,724.00 0 271,401.00 208,463.00 217,362.00 203,872.00 124,431.00
Operating Income 183,964.00 174,535.00 180,484.00 171,115.00 130,695.00 157,192.00 172,481.00 143,308.00 104,468.00
Net Non-Operating Income -2,362.00 2,903.00 -68,901.00 22,203.00 -90,162.00 -38,542.00 125,798.00 63,555.00 16,726.00
EBT 113,024.00 139,571.00 111,583.00 117,357.00 40,533.00 118,650.00 298,279.00 206,863.00 121,194.00
Income Tax -875.00 366.00 464.00 128.00 72,010.00 31,027.00 30,829.00 153.00 1,308.00
Equity Method Investments Income 0 0 0 0 -2,100.00 -2,700.00 -2,700.00 -3,100.00 -2,100.00
Net Income Including Non-Controlling Interests 140,055.00 164,942.00 134,503.00 138,426.00 -9,038.00 109,270.00 293,776.00 235,959.00 141,425.00
Net Income Non-Controlling Interests -2,280.00 -1,956.00 -1,686.00 -2,443.00 -1,936.00 -2,644.00 -4,013.00 1,343.00 -3,483.00
Net Income 129,599.00 154,808.00 132,817.00 128,022.00 -10,974.00 106,626.00 289,763.00 237,302.00 137,942.00
EBIT 197,285.00 220,775.00 191,960.00 193,573.00 115,098.00 179,324.00 359,585.00 263,882.00 168,910.00
Deprecation and Amortization 158,269.00 156,323.00 158,453.00 144,688.00 154,719.00 0.00 126,301.00 130,294.00 74,876.00
EBITDA 355,554.00 377,098.00 350,413.00 338,261.00 269,817.00 0 485,886.00 394,176.00 243,786.00
EPS 0.00 0.00 0 0.00 0 0 0 0 0
Diluted EPS 0.00 0.00 0 0.00 0 0 0 0 0
Average Shares Outstanding Basic 674,639.00 674,613.00 677,074.00 671,231.00 670,118.00 617,077.00 616,489.00 614,767.00 430,524.00
Average Shares Outstanding Diluted 675,423.00 675,079.00 677,299.00 671,577.00 670,118.00 617,257.00 619,628.00 616,758.00 432,264.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow 332,428.00 305,403.00 223,813.00 295,930.00 176,091.00 0.00 345,233.00 194,551.00 148,371.00
   Operating Net Income 140,055.00 164,942.00 134,503.00 138,426.00 -9,038.00 -184,506.00 293,776.00 235,959.00 141,425.00
   Deprecation and Amortization 158,269.00 156,323.00 158,453.00 144,688.00 154,719.00 0.00 126,301.00 130,294.00 74,876.00
   Deferred Income Tax 0 0 0 0 0 0.00 0 0 0
   Share Based Compensation 6,929.00 11,624.00 6,725.00 8,091.00 10,044.00 0.00 9,333.00 7,513.00 6,457.00
   Change in Working Capital 45,231.00 20,798.00 -70,458.00 20,295.00 -22,044.00 0.00 -49,907.00 -58,675.00 -19,549.00
   Other Operating Activities -18,056.00 -48,284.00 -5,410.00 -15,570.00 42,410.00 0.00 -34,270.00 -120,540.00 -54,838.00
Investing Cash Flow -258,183.00 -102,581.00 -130,554.00 -81,323.00 201,430.00 0.00 43,559.00 -35,616.00 -83,924.00
   Capital Expenditure 0 0 0.00 0 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 18,400.00 0 0 0.00 0 0 0
   Net Purchase/Sale of Investments Net -2,053.00 -3,097.00 499.00 -2,946.00 299,633.00 0.00 136,005.00 -1,369.00 50.00
   Net Purchase/Sale of Business 3,252.00 3,773.00 -1,778.00 3,605.00 -152,285.00 0.00 -12,848.00 -13,116.00 -1,805.00
   Net Loan & Lease Activity 0 0 0 0 0
   Other Investing Activities -259,382.00 -103,257.00 -147,675.00 -81,982.00 54,082.00 0.00 -79,598.00 -21,131.00 -82,169.00
Financing Cash Flow -141,590.00 -107,499.00 -650,487.00 447,882.00 -1,024,511.00 0.00 -209,444.00 -123,280.00 -103,783.00
   Net Issuance/Repayment of Debt 37,103.00 136,780.00 43,309.00 627,763.00 122,276.00 0.00 -39,981.00 -88,283.00 -14,933.00
   Net Issuance/Repurchase of Equity 0 0 -2,817.00 -5.00 0 0.00 3,459.00 2,568.00 160.00
   Dividends Paid -176,837.00 -176,847.00 -177,464.00 -169,741.00 168,338.00 0.00 148,882.00 123,758.00 80,039.00
   Other Financing Activities -1,856.00 0 -513,515.00 -10,135.00 -1,315,125.00 0.00 -321,804.00 -161,323.00 -169,049.00
Net Change in Cash -67,345.00 95,323.00 -557,228.00 662,489.00 -646,990.00 0.00 179,348.00 35,655.00 -39,336.00
   Cash at Beginning of Period 227,826.00 132,503.00 689,731.00 127,555.00 783,757.00 0 149,829.00 334,663.00 293,188.00
   Cash at End of Period 160,481.00 227,826.00 132,503.00 790,044.00 136,767.00 536,477.00 329,177.00 370,318.00 253,852.00
Free Cash Flow 332,428.00 305,403.00 0 295,930.00 0 0.00 0 0 0