NVAX
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | -6.54 | -0.89 | -1.22 | -6.10 | |
| Price to Sales | 1.79 | 0.49 | 0.41 | 9.29 | 16.64 |
| Book Value Per Common Share | -7.78 | -10.28 | -14.74 | -9.27 | 8.84 |
| Price to Book | -1.03 | -0.47 | -0.70 | -15.43 | 12.61 |
| Price to Operating Cash Flow | -14.02 | -0.68 | -1.93 | 32.96 | -185.97 |
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | 3.32 | 1.63 | 1.99 | -17.79 | 126.60 | -4.55 | -1.84 | -2.76 | -2.03 | -2.97 | -12.95 | 27.69 | -17.09 | -27.15 | ||||||
| Price to Sales | 1.44 | 1.12 | 1.55 | 3.18 | 3.58 | 7.13 | 0.97 | 1.29 | 6.83 | 0.87 | 4.47 | 8.00 | 16.59 | 20.96 | 30.03 | |||||
| Book Value Per Common Share | -1.93 | 0.23 | -0.93 | -7.78 | -6.57 | -5.40 | -12.35 | -10.28 | -11.43 | -16.00 | -20.76 | -14.74 | -14.42 | -10.67 | 0.84 | -9.27 | 6.12 | 10.04 | 14.03 | 8.84 |
| Price to Book | -4.50 | 27.16 | -6.86 | -1.03 | -1.92 | -2.34 | -0.39 | -0.47 | -0.63 | -0.46 | -0.33 | -0.70 | -1.26 | -4.82 | 88.08 | -15.43 | 33.89 | 21.14 | 12.92 | 12.61 |
| Price to Operating Cash Flow | -6.84 | -3.25 | -5.57 | 21.98 | 7.91 | -8.00 | -1.25 | -1.31 | -1.83 | -4.74 | -15.33 | -63.62 | 23.05 | 19.35 | 20.25 | |||||
| Price to Free Cash Flow | ||||||||||||||||||||
| Enterprise Value to EBITDA | 30391.37 | 15609.25 | 19443.36 | 398209.27 | 264278.94 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | -30.65 | -50.36 | 72.89 | 141.02 | |
| EBITDA YoY | |||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | -32.56 | 20.19 | ||||||||||||||||||
| Revenue YoY | 7.78 | 35.89 | 16.59 | 442.69 | 37.00 | 478.37 | 82.55 | 26.41 | 24.00 | 66.64 | ||||||||||
| EBITDA YoY | -29.18 | 22.58 | 2059.83 | |||||||||||||||||
| Net Profit YoY | -32.37 | 20.54 | 903.40 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 6.14 | 5.75 | 17.23 | 51.65 | 25.19 |
| Quick Ratio | 0.90 | 0.54 | 0.58 | 1.80 | 3.54 |
| Current Ratio | 0.98 | 0.70 | 0.69 | 0.90 | 2.15 |
| Debt to Equity | -3.50 | -3.51 | -4.56 | -8.33 | 1.52 |
| Long-Term Debt to Equity | -1.65 | -1.23 | -0.68 | -1.53 | 0.60 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 4.78 | 3.86 | 4.61 | 5.82 | 6.15 | 7.35 | 3.51 | 4.15 | 7.11 | 5.88 | 7.37 | 15.66 | 16.63 | 17.93 | 20.70 | 50.67 | 69.51 | 80.09 | 75.58 | 25.19 |
| Quick Ratio | 1.88 | 2.18 | 1.86 | 0.90 | 0.86 | 0.94 | 0.64 | 0.54 | 0.53 | 0.57 | 0.39 | 0.58 | 0.84 | 0.73 | 0.91 | 1.80 | 2.98 | 3.60 | 4.68 | 3.54 |
| Current Ratio | 2.27 | 2.36 | 2.06 | 0.98 | 0.93 | 1.04 | 0.90 | 0.70 | 0.69 | 0.71 | 0.51 | 0.69 | 1.06 | 0.99 | 1.04 | 0.90 | 1.24 | 1.43 | 1.86 | 2.15 |
| Debt to Equity | -8.53 | 34.52 | -18.09 | -3.50 | -4.25 | -5.21 | -2.56 | -3.51 | -3.44 | -3.23 | -2.72 | -4.56 | -5.01 | -7.29 | 42.40 | -8.33 | 4.56 | 2.69 | 1.51 | 1.52 |
| Long-Term Debt to Equity | -5.79 | 24.18 | -12.51 | -1.65 | -2.01 | -2.53 | -1.63 | -1.23 | -1.28 | -1.12 | -0.58 | -0.68 | -2.06 | -2.12 | 7.79 | -1.53 | 0.76 | 0.47 | 0.35 | 0.60 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | -12.02 | -30.32 | -29.13 | -67.67 | 2.34 |
| ROE | 30.06 | 76.03 | 103.76 | 495.84 | 5.90 |
| Gross Margin | 70.28 | 65.05 | 54.46 | ||
| Operating Margin | -22.95 | -53.74 | -31.98 | -147.73 | |
| EBITDA Margin | -15.84 | -49.55 | -30.51 | -146.63 | |
| Net Profit Margin | -27.49 | -55.41 | -33.20 | -152.12 | 7.78 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 35.83 | 46.77 | 40.11 | -6.22 | 0.82 | -10.90 | -22.13 | -14.00 | -19.05 | -20.98 | -11.71 | 7.18 | -34.98 | -20.91 | -8.54 | |||||
| ROE | -269.85 | 1661.54 | -685.65 | 20.22 | -3.44 | 17.02 | 54.05 | 31.26 | 32.82 | 84.05 | 73.65 | 311.38 | -194.54 | -77.13 | -21.43 | |||||
| Gross Margin | 94.78 | 96.75 | 97.88 | 72.04 | 79.30 | 36.91 | 72.73 | 82.22 | 60.99 | 55.62 | 67.83 | 97.84 | ||||||||
| Operating Margin | 45.17 | 70.49 | 78.84 | -15.25 | 5.41 | -150.42 | -51.42 | -45.00 | -330.06 | -27.94 | -32.80 | 29.97 | -94.02 | -74.83 | ||||||
| EBITDA Margin | 47.47 | 72.24 | 80.09 | -9.19 | 9.98 | -137.48 | -47.03 | -41.22 | -319.71 | -26.59 | -31.28 | 30.93 | -93.99 | -74.80 | ||||||
| Net Profit Margin | 43.30 | 69.01 | 77.80 | -17.93 | 2.91 | -157.21 | -52.96 | -46.68 | -336.36 | -29.28 | -34.51 | 28.89 | -97.12 | -77.16 | -49.80 |
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 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | ||||||||||||||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Assets | 1,560,418.00 | 1,797,490.00 | 2,258,679.00 | 2,576,753.00 | 1,582,479.00 |
| Current Assets | 1,128,942.00 | 1,143,888.00 | 1,703,391.00 | 2,155,119.00 | 1,248,203.00 |
| Cash and Short-Term Investments | 933,744.00 | 578,929.00 | 1,347,186.00 | 3,842,794.00 | 1,787,195.00 |
| Cash and Cash Equivalents | 540,856.00 | 578,929.00 | 1,347,186.00 | 3,842,794.00 | 1,629,546.00 |
| Short-Term Investments | 392,888.00 | 0 | 0 | 0 | 157,649.00 |
| Net Receivables | 108,285.00 | 297,240.00 | 82,375.00 | 454,993.00 | 262,012.00 |
| Inventory | 8,749.00 | 41,696.00 | 36,683.00 | 0 | 0 |
| Other Current Assets | 78,164.00 | 226,023.00 | 237,147.00 | -2,142,668.00 | -801,004.00 |
| Non-Current Assets | 431,476.00 | 653,602.00 | 555,288.00 | 421,634.00 | 334,276.00 |
| Property, Plant, Equipment Net | 295,259.00 | 485,756.00 | 500,631.00 | 436,819.00 | 187,748.00 |
| Goodwill | 107,478.00 | 127,454.00 | 126,331.00 | 131,479.00 | 206,041.00 |
| Intangible Assets | 0 | 0 | 0 | 4,770.00 | 5,725.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 314,121.00 | 266,392.00 | 195,049.00 | 20,262.00 | 60,657.00 |
| Other Non-Current Assets | -285,382.00 | -226,000.00 | -266,723.00 | -171,696.00 | -125,895.00 |
| Liabilities | 2,184,259.00 | 2,514,417.00 | 2,892,757.00 | 2,928,426.00 | 955,270.00 |
| Current Liabilities | 1,154,416.00 | 1,635,138.00 | 2,459,944.00 | 2,390,319.00 | 579,672.00 |
| Payables and Expenses | 252,744.00 | 527,278.00 | 807,675.00 | 800,781.00 | 196,800.00 |
| Account Payables | 41,579.00 | 132,610.00 | 216,517.00 | 127,050.00 | 59,410.00 |
| Current Accrued Liabilities | 211,165.00 | 394,668.00 | 591,158.00 | 673,731.00 | 137,390.00 |
| Short-Term Debt | 7,009.00 | 5,142.00 | 352,077.00 | 130,533.00 | 105,862.00 |
| Other Current Liabilities | 894,663.00 | 1,102,718.00 | 1,300,192.00 | 1,459,005.00 | 277,010.00 |
| Non-Current Liabilities | 1,029,843.00 | 879,279.00 | 432,813.00 | 538,107.00 | 375,598.00 |
| Long-Term Debt | 53,726.00 | 223,939.00 | 197,704.00 | 323,458.00 | 362,118.00 |
| Other Non-Current Liabilities | 976,117.00 | 655,340.00 | 235,109.00 | 214,649.00 | 13,480.00 |
| Equity | -623,841.00 | -716,927.00 | -634,078.00 | -351,673.00 | 627,209.00 |
| Shareholders Equity | -1,247,682.00 | -1,433,854.00 | -1,268,156.00 | -703,346.00 | 627,209.00 |
| Capital Stock | 1,619.00 | 1,405.00 | 868.00 | 764.00 | 714.00 |
| Share Premium | 4,501,403.00 | 4,192,164.00 | 3,737,979.00 | 3,351,967.00 | 2,535,476.00 |
| Retained Earnings | -5,008,450.00 | -4,820,951.00 | -4,275,889.00 | -3,617,950.00 | -1,874,199.00 |
| Treasury Shares | 95,854.00 | 92,267.00 | 90,659.00 | 85,101.00 | 41,806.00 |
| Accumulated Other Comprehensive Income | -22,559.00 | 2,722.00 | -6,377.00 | -1,353.00 | 7,024.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Investments | 501,173.00 | 297,240.00 | 82,375.00 | 0 | 157,649.00 |
| Debt | 230,419.00 | 229,081.00 | 549,781.00 | 453,991.00 | 467,980.00 |
| Common Shares Outstanding | 160,421.14 | 139,505.77 | 86,039.92 | 75,841.17 | 70,953.74 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 682,162.00 | 983,705.00 | 1,981,872.00 | 1,146,290.00 | 475,598.00 |
| Cost Of Revenue | 202,739.00 | 343,768.00 | 902,639.00 | 0 | 0 |
| Gross Profit | 479,423.00 | 639,937.00 | 1,079,233.00 | 0 | 0 |
| Operating Expenses | 728,354.00 | 1,206,448.00 | 1,723,969.00 | 0 | 0 |
| Selling, General and Administrative Expenses | 337,185.00 | 468,946.00 | 488,691.00 | 298,358.00 | 145,290.00 |
| Research and Development Expenses | 808,938.00 | 737,502.00 | 1,333,578.00 | 2,534,508.00 | 747,027.00 |
| Other Operating Expenses | -417,769.00 | 0.00 | -98,300.00 | 0 | 0 |
| Operating Income | -248,931.00 | -566,511.00 | -644,736.00 | -1,686,576.00 | -416,719.00 |
| Net Non-Operating Income | 72,316.00 | 23,480.00 | -8,911.00 | -27,960.00 | 0 |
| Interest Expense | 20,075.00 | 14,416.00 | 19,880.00 | 21,127.00 | 15,145.00 |
| EBT | -176,615.00 | -543,031.00 | -653,647.00 | -1,714,536.00 | 0 |
| Income Tax | 10,884.00 | 2,031.00 | 4,292.00 | 29,215.00 | 0.00 |
| Net Income | -187,499.00 | -545,062.00 | -657,939.00 | -1,743,751.00 | 36,994.00 |
| EBIT | -156,540.00 | -528,615.00 | -633,767.00 | -1,693,409.00 | 0 |
| Deprecation and Amortization | 48,496.00 | 41,225.00 | 29,054.00 | 12,661.00 | 4,885.00 |
| EBITDA | -108,044.00 | -487,390.00 | -604,713.00 | -1,680,748.00 | 0 |
| EPS | -0.00 | -0.01 | -0.01 | -0.02 | 0 |
| Diluted EPS | -0.00 | -0.01 | -0.01 | -0.02 | 0 |
| Average Shares Outstanding Basic | 152,190.00 | 100,768.00 | 78,183.00 | 74,400.00 | 0 |
| Average Shares Outstanding Diluted | 152,190.00 | 100,768.00 | 78,183.00 | 74,400.00 | 0 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | -87,263.00 | -713,967.00 | -415,937.00 | 322,946.00 | -42,541.00 |
| Operating Net Income | -562,497.00 | -545,062.00 | -657,939.00 | -1,743,751.00 | -1,254,777.00 |
| Deprecation and Amortization | 48,496.00 | 41,225.00 | 29,054.00 | 12,661.00 | 4,885.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 48,152.00 | 85,357.00 | 130,300.00 | 183,626.00 | 128,035.00 |
| Change in Working Capital | -685,524.00 | 320,962.00 | 96,120.00 | 1,973,715.00 | 611,534.00 |
| Other Operating Activities | 1,064,110.00 | -616,449.00 | -13,472.00 | -103,305.00 | 467,782.00 |
| Investing Cash Flow | -204,038.00 | -58,806.00 | -92,985.00 | 100,154.00 | -377,778.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 194,225.00 | 5,035.00 | 3,929.00 | 57,486.00 | 54,622.00 |
| Net Purchase/Sale of Investments Net | 1,269,144.00 | 0 | 0 | 161,974.00 | 568,764.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 165,516.00 |
| Other Investing Activities | -1,667,407.00 | -63,841.00 | -96,914.00 | -119,306.00 | -1,166,680.00 |
| Financing Cash Flow | 260,583.00 | 4,466.00 | 324,988.00 | 461,713.00 | 984,762.00 |
| Net Issuance/Repayment of Debt | 3,994.00 | 352,345.00 | 274,103.00 | 127,907.00 | 96,065.00 |
| Net Issuance/Repurchase of Equity | 263,272.00 | 360,243.00 | 249,230.00 | 589,620.00 | 1,119,914.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -6,683.00 | -708,122.00 | -198,345.00 | -255,814.00 | -231,217.00 |
| Net Change in Cash | -38,518.00 | -765,035.00 | -179,414.00 | 879,521.00 | 566,558.00 |
| Cash at Beginning of Period | 583,810.00 | 1,348,845.00 | 1,528,259.00 | 648,738.00 | 82,180.00 |
| Cash at End of Period | 545,292.00 | 583,810.00 | 1,348,845.00 | 1,528,259.00 | 648,738.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 1,179,889.00 | 1,336,549.00 | 1,292,992.00 | 1,560,418.00 | 1,712,483.00 | 1,818,646.00 | 1,353,534.00 | 1,797,490.00 | 1,657,157.00 | 1,685,048.00 | 1,542,699.00 | 2,258,679.00 | 2,267,437.00 | 2,622,993.00 | 2,834,875.00 | 2,576,753.00 | 2,565,941.00 | 2,749,587.00 | 2,608,366.00 | 1,582,479.00 |
| Current Assets | 974,590.00 | 919,512.00 | 868,028.00 | 1,128,942.00 | 1,103,680.00 | 1,203,370.00 | 727,120.00 | 1,143,888.00 | 1,006,764.00 | 1,127,554.00 | 971,028.00 | 1,703,391.00 | 1,759,965.00 | 2,136,002.00 | 2,347,405.00 | 2,155,119.00 | 2,174,181.00 | 2,354,992.00 | 2,246,784.00 | 1,248,203.00 |
| Cash and Short-Term Investments | 773,710.00 | 623,053.00 | 742,160.00 | 933,744.00 | 920,078.00 | 1,060,080.00 | 491,041.00 | 578,929.00 | 661,497.00 | 516,273.00 | 635,280.00 | 1,347,186.00 | 1,291,366.00 | 1,385,861.00 | 1,582,446.00 | 3,842,794.00 | 5,141,896.00 | 5,893,197.00 | 5,597,501.00 | 1,787,195.00 |
| Cash and Cash Equivalents | 278,839.00 | 264,493.00 | 274,019.00 | 540,856.00 | 584,177.00 | 690,648.00 | 491,041.00 | 578,929.00 | 661,497.00 | 516,273.00 | 635,280.00 | 1,347,186.00 | 1,291,366.00 | 1,385,861.00 | 1,582,446.00 | 3,842,794.00 | 5,141,896.00 | 5,893,197.00 | 5,595,251.00 | 1,629,546.00 |
| Short-Term Investments | 494,871.00 | 358,560.00 | 468,141.00 | 392,888.00 | 335,901.00 | 369,432.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,250.00 | 157,649.00 |
| Net Receivables | 34,174.00 | 226,396.00 | 44,510.00 | 108,285.00 | 94,962.00 | 32,105.00 | 21,380.00 | 297,240.00 | 123,657.00 | 394,890.00 | 112,849.00 | 82,375.00 | 111,645.00 | 194,533.00 | 478,156.00 | 454,993.00 | 75,283.00 | 49,989.00 | 56,898.00 | 262,012.00 |
| Inventory | 13,511.00 | 10,240.00 | 10,263.00 | 8,749.00 | 8,638.00 | 9,172.00 | 15,778.00 | 41,696.00 | 69,592.00 | 23,488.00 | 34,185.00 | 36,683.00 | 82,432.00 | 256,301.00 | 106,648.00 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 153,195.00 | 59,823.00 | 71,095.00 | 78,164.00 | 80,002.00 | 102,013.00 | 198,921.00 | 226,023.00 | 152,018.00 | 192,903.00 | 188,714.00 | 237,147.00 | 274,522.00 | 299,307.00 | 180,155.00 | -2,142,668.00 | -3,042,998.00 | -3,588,194.00 | -3,407,615.00 | -801,004.00 |
| Non-Current Assets | 205,299.00 | 417,037.00 | 424,964.00 | 431,476.00 | 608,803.00 | 615,276.00 | 626,414.00 | 653,602.00 | 650,393.00 | 557,494.00 | 571,671.00 | 555,288.00 | 507,472.00 | 486,991.00 | 487,470.00 | 421,634.00 | 391,760.00 | 394,595.00 | 361,582.00 | 334,276.00 |
| Property, Plant, Equipment Net | 49,120.00 | 260,643.00 | 267,538.00 | 295,259.00 | 285,724.00 | 288,559.00 | 291,093.00 | 485,756.00 | 300,982.00 | 299,955.00 | 307,414.00 | 500,631.00 | 437,275.00 | 388,096.00 | 381,365.00 | 436,819.00 | 214,751.00 | 213,186.00 | 192,044.00 | 187,748.00 |
| Goodwill | 113,080.00 | 112,958.00 | 112,027.00 | 107,478.00 | 126,766.00 | 123,377.00 | 123,179.00 | 127,454.00 | 123,780.00 | 128,366.00 | 129,827.00 | 126,331.00 | 117,535.00 | 123,467.00 | 130,756.00 | 131,479.00 | 131,989.00 | 134,294.00 | 130,879.00 | 206,041.00 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,456.00 | 4,033.00 | 4,535.00 | 4,770.00 | 5,027.00 | 5,281.00 | 5,270.00 | 5,725.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 314,121.00 | 0 | 0 | 0 | 266,392.00 | 0 | 0 | 0 | 195,049.00 | 0 | 0 | 0 | 20,262.00 | 0 | 0 | 0 | 60,657.00 |
| Other Non-Current Assets | 43,099.00 | 43,436.00 | 45,399.00 | -285,382.00 | 196,313.00 | 203,340.00 | 212,142.00 | -226,000.00 | 225,631.00 | 129,173.00 | 134,430.00 | -266,723.00 | -55,794.00 | -28,605.00 | -29,186.00 | -171,696.00 | 39,993.00 | 41,834.00 | 33,389.00 | -125,895.00 |
| Liabilities | 1,336,561.00 | 1,298,924.00 | 1,368,635.00 | 2,184,259.00 | 2,238,919.00 | 2,250,352.00 | 2,220,618.00 | 2,514,417.00 | 2,335,507.00 | 2,439,567.00 | 2,438,281.00 | 2,892,757.00 | 2,833,422.00 | 3,039,943.00 | 2,769,551.00 | 2,928,426.00 | 2,104,605.00 | 2,004,025.00 | 1,569,239.00 | 955,270.00 |
| Current Liabilities | 429,869.00 | 389,138.00 | 422,170.00 | 1,154,416.00 | 1,180,999.00 | 1,157,811.00 | 804,382.00 | 1,635,138.00 | 1,468,590.00 | 1,596,255.00 | 1,918,858.00 | 2,459,944.00 | 1,667,961.00 | 2,156,239.00 | 2,261,005.00 | 2,390,319.00 | 1,753,415.00 | 1,651,516.00 | 1,208,555.00 | 579,672.00 |
| Payables and Expenses | 130,813.00 | 137,292.00 | 166,327.00 | 252,744.00 | 276,191.00 | 239,183.00 | 315,089.00 | 527,278.00 | 413,115.00 | 545,643.00 | 643,507.00 | 807,675.00 | 696,066.00 | 972,134.00 | 695,004.00 | 800,781.00 | 383,431.00 | 323,173.00 | 262,216.00 | 196,800.00 |
| Account Payables | 15,227.00 | 50,595.00 | 34,162.00 | 41,579.00 | 57,517.00 | 79,962.00 | 57,724.00 | 132,610.00 | 101,914.00 | 87,246.00 | 124,801.00 | 216,517.00 | 144,997.00 | 386,488.00 | 135,128.00 | 127,050.00 | 59,564.00 | 73,995.00 | 113,605.00 | 59,410.00 |
| Current Accrued Liabilities | 115,586.00 | 86,697.00 | 132,165.00 | 211,165.00 | 218,674.00 | 159,221.00 | 257,365.00 | 394,668.00 | 311,201.00 | 458,397.00 | 518,706.00 | 591,158.00 | 551,069.00 | 585,646.00 | 559,876.00 | 673,731.00 | 323,867.00 | 249,178.00 | 148,611.00 | 137,390.00 |
| Short-Term Debt | 5,036.00 | 5,552.00 | 5,478.00 | 7,009.00 | 9,675.00 | 9,427.00 | 6,291.00 | 5,142.00 | 1,332.00 | 953.00 | 1,205.00 | 352,077.00 | 406,620.00 | 448,429.00 | 440,498.00 | 130,533.00 | 103,987.00 | 98,383.00 | 121,144.00 | 105,862.00 |
| Other Current Liabilities | 294,020.00 | 246,294.00 | 250,365.00 | 894,663.00 | 895,133.00 | 909,201.00 | 483,002.00 | 1,102,718.00 | 1,054,143.00 | 1,049,659.00 | 1,274,146.00 | 1,300,192.00 | 565,275.00 | 735,676.00 | 1,125,503.00 | 1,459,005.00 | 1,265,997.00 | 1,229,960.00 | 825,195.00 | 277,010.00 |
| Non-Current Liabilities | 906,692.00 | 909,786.00 | 946,465.00 | 1,029,843.00 | 1,057,920.00 | 1,092,541.00 | 1,416,236.00 | 879,279.00 | 866,917.00 | 843,312.00 | 519,423.00 | 432,813.00 | 1,165,461.00 | 883,704.00 | 508,546.00 | 538,107.00 | 351,190.00 | 352,509.00 | 360,684.00 | 375,598.00 |
| Long-Term Debt | 246,104.00 | 222,938.00 | 223,181.00 | 53,726.00 | 223,633.00 | 223,818.00 | 223,041.00 | 223,939.00 | 220,779.00 | 197,992.00 | 197,850.00 | 197,704.00 | 31,474.00 | 0 | 0 | 323,458.00 | 323,102.00 | 331,939.00 | 339,086.00 | 362,118.00 |
| Other Non-Current Liabilities | 660,588.00 | 686,848.00 | 723,284.00 | 976,117.00 | 834,287.00 | 868,723.00 | 1,193,195.00 | 655,340.00 | 646,138.00 | 645,320.00 | 321,573.00 | 235,109.00 | 1,133,987.00 | 0 | 0 | 214,649.00 | 28,088.00 | 20,570.00 | 21,598.00 | 13,480.00 |
| Equity | -156,672.00 | 37,625.00 | -75,643.00 | -623,841.00 | -526,436.00 | -431,706.00 | -867,084.00 | -716,927.00 | -678,350.00 | -754,519.00 | -895,582.00 | -634,078.00 | -565,985.00 | -416,950.00 | 65,324.00 | -351,673.00 | 461,336.00 | 745,562.00 | 1,039,127.00 | 627,209.00 |
| Shareholders Equity | -313,344.00 | 37,625.00 | -151,286.00 | -1,247,682.00 | -1,052,872.00 | -863,412.00 | -1,734,168.00 | -1,433,854.00 | -1,356,700.00 | -1,509,038.00 | -1,791,164.00 | -1,268,156.00 | -1,131,970.00 | -833,900.00 | 65,324.00 | -703,346.00 | 461,336.00 | 745,562.00 | 1,039,127.00 | 627,209.00 |
| Capital Stock | 1,648.00 | 1,645.00 | 1,642.00 | 1,619.00 | 1,616.00 | 1,613.00 | 1,417.00 | 1,405.00 | 1,196.00 | 952.00 | 871.00 | 868.00 | 792.00 | 788.00 | 787.00 | 764.00 | 760.00 | 747.00 | 745.00 | 714.00 |
| Share Premium | 4,531,763.00 | 4,522,193.00 | 4,512,849.00 | 4,501,403.00 | 4,490,630.00 | 4,477,748.00 | 4,204,775.00 | 4,192,164.00 | 4,066,585.00 | 3,855,916.00 | 3,767,733.00 | 3,737,979.00 | 3,640,597.00 | 3,604,614.00 | 3,566,292.00 | 3,351,967.00 | 3,310,513.00 | 3,237,085.00 | 3,180,114.00 | 2,535,476.00 |
| Retained Earnings | -4,585,675.00 | -4,383,296.00 | -4,489,804.00 | -5,008,450.00 | -4,927,420.00 | -4,806,120.00 | -4,968,501.00 | -4,820,951.00 | -4,642,562.00 | -4,511,786.00 | -4,569,794.00 | -4,275,889.00 | -4,093,640.00 | -3,925,027.00 | -3,414,542.00 | -3,617,950.00 | -2,771,666.00 | -2,449,235.00 | -2,096,918.00 | -1,874,199.00 |
| Treasury Shares | 102,663.00 | 102,459.00 | 101,938.00 | 95,854.00 | 94,860.00 | 94,439.00 | 93,950.00 | 92,267.00 | 91,706.00 | 91,424.00 | 91,226.00 | 90,659.00 | 89,940.00 | 86,455.00 | 85,901.00 | 85,101.00 | 79,132.00 | 47,205.00 | 44,457.00 | 41,806.00 |
| Accumulated Other Comprehensive Income | -1,745.00 | -458.00 | 1,608.00 | -22,559.00 | 3,598.00 | -10,508.00 | -10,825.00 | 2,722.00 | -11,863.00 | -8,177.00 | -3,166.00 | -6,377.00 | -23,794.00 | -10,870.00 | -1,312.00 | -1,353.00 | 861.00 | 4,170.00 | -357.00 | 7,024.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 529,045.00 | 584,956.00 | 512,651.00 | 501,173.00 | 430,863.00 | 401,537.00 | 21,380.00 | 297,240.00 | 123,657.00 | 394,890.00 | 112,849.00 | 82,375.00 | 0 | 0 | 0 | 0 | 0 | 0 | 2,250.00 | 157,649.00 |
| Debt | 251,140.00 | 228,490.00 | 228,659.00 | 230,419.00 | 233,308.00 | 233,245.00 | 229,332.00 | 229,081.00 | 222,111.00 | 198,945.00 | 199,055.00 | 549,781.00 | 438,094.00 | 448,429.00 | 440,498.00 | 453,991.00 | 427,089.00 | 430,322.00 | 460,230.00 | 467,980.00 |
| Common Shares Outstanding | 162,470.14 | 162,155.11 | 161,957.87 | 160,421.14 | 160,148.09 | 159,891.01 | 140,373.26 | 139,505.77 | 118,730.40 | 94,308.38 | 86,291.47 | 86,039.92 | 78,476.81 | 78,166.93 | 78,122.98 | 75,841.17 | 75,415.77 | 74,248.28 | 74,061.59 | 70,953.74 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 976,340.00 | 905,895.00 | 666,655.00 | -514,883.00 | 593,851.00 | 509,339.00 | 93,855.00 | -301,414.00 | 692,363.00 | 505,377.00 | 87,379.00 | -1,236,468.00 | 1,624,473.00 | 889,896.00 | 703,971.00 | -970,275.00 | 924,090.00 | 745,246.00 | 447,229.00 |
| Cost Of Revenue | 50,936.00 | 29,439.00 | 14,115.00 | -127,991.00 | 166,070.00 | 105,451.00 | 59,209.00 | 31,027.00 | 188,792.00 | 89,863.00 | 34,086.00 | -119,720.00 | 720,874.00 | 286,281.00 | 15,204.00 | 0 | 0 | 0 | 0 |
| Gross Profit | 925,404.00 | 876,456.00 | 652,540.00 | -386,892.00 | 427,781.00 | 403,888.00 | 34,646.00 | -332,441.00 | 503,571.00 | 415,514.00 | 53,293.00 | -1,116,748.00 | 903,599.00 | 603,615.00 | 688,767.00 | 0 | 0 | 0 | 0 |
| Operating Expenses | 486,839.00 | 259,872.00 | 137,027.00 | -384,476.00 | 545,632.00 | 387,721.00 | 179,477.00 | -718,952.00 | 886,514.00 | 672,825.00 | 366,061.00 | -937,245.00 | 1,304,456.00 | 877,283.00 | 479,475.00 | 0 | 0 | 0 | 0 |
| Selling, General and Administrative Expenses | 123,357.00 | 91,702.00 | 48,090.00 | -196,552.00 | 258,843.00 | 188,096.00 | 86,798.00 | -163,544.00 | 313,709.00 | 206,249.00 | 112,532.00 | -138,481.00 | 327,028.00 | 204,152.00 | 95,992.00 | -115,327.00 | 214,144.00 | 136,351.00 | 63,190.00 |
| Research and Development Expenses | 266,444.00 | 168,170.00 | 88,937.00 | 150,045.00 | 313,389.00 | 226,225.00 | 119,279.00 | -627,080.00 | 630,505.00 | 486,976.00 | 247,101.00 | -798,764.00 | 1,075,728.00 | 673,131.00 | 383,483.00 | -793,070.00 | 1,571,551.00 | 1,163,356.00 | 592,671.00 |
| Other Operating Expenses | 97,038.00 | 0.00 | 0.00 | -337,969.00 | -26,600.00 | -26,600.00 | -26,600.00 | 71,672.00 | -57,700.00 | -20,400.00 | 6,428.00 | 0.00 | -98,300.00 | 0.00 | 0.00 | 0 | 0 | 0 | 0 |
| Operating Income | 438,565.00 | 616,584.00 | 515,513.00 | -2,416.00 | -117,851.00 | 16,167.00 | -144,831.00 | 386,511.00 | -382,943.00 | -257,311.00 | -312,768.00 | -179,503.00 | -400,857.00 | -273,668.00 | 209,292.00 | -61,878.00 | -861,605.00 | -554,461.00 | -208,632.00 |
| Net Non-Operating Income | -14,301.00 | 10,716.00 | 4,333.00 | 54,825.00 | 14,817.00 | 3,131.00 | -457.00 | -35,633.00 | 16,613.00 | 22,454.00 | 20,046.00 | 91,921.00 | -68,281.00 | -29,329.00 | -3,222.00 | 9,306.00 | -23,256.00 | -14,010.00 | 0 |
| Interest Income | 38,923.00 | 26,341.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 16,723.00 | 11,241.00 | 5,723.00 | -4,780.00 | 12,490.00 | 8,254.00 | 4,111.00 | -7,639.00 | 10,299.00 | 7,440.00 | 4,316.00 | -11,385.00 | 15,279.00 | 11,110.00 | 4,876.00 | -10,508.00 | 15,989.00 | 10,807.00 | 4,839.00 |
| Net Interest | 22,200.00 | 15,100.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBT | 424,264.00 | 627,300.00 | 519,846.00 | 52,409.00 | -103,034.00 | 19,298.00 | -145,288.00 | 350,878.00 | -366,330.00 | -234,857.00 | -292,722.00 | -87,582.00 | -469,138.00 | -302,997.00 | 206,070.00 | -261,204.00 | -884,861.00 | -568,471.00 | 0 |
| Income Tax | 1,489.00 | 2,146.00 | 1,200.00 | 720.00 | 3,435.00 | 4,467.00 | 2,262.00 | -535.00 | 343.00 | 1,040.00 | 1,183.00 | -9,002.00 | 6,552.00 | 4,080.00 | 2,662.00 | 7,027.00 | 12,606.00 | 6,565.00 | 3,017.00 |
| Net Income | 422,775.00 | 625,154.00 | 518,646.00 | 51,689.00 | -106,469.00 | 14,831.00 | -147,550.00 | 351,413.00 | -366,673.00 | -235,897.00 | -293,905.00 | -78,580.00 | -475,690.00 | -307,077.00 | 203,408.00 | -48,529.00 | -897,467.00 | -575,036.00 | -222,719.00 |
| EBIT | 440,987.00 | 638,541.00 | 525,569.00 | 47,629.00 | -90,544.00 | 27,552.00 | -141,177.00 | 343,239.00 | -356,031.00 | -227,417.00 | -288,406.00 | -98,967.00 | -453,859.00 | -291,887.00 | 210,946.00 | -266,873.00 | -868,872.00 | -557,664.00 | 0 |
| Deprecation and Amortization | 22,488.00 | 15,903.00 | 8,340.00 | -22,909.00 | 35,979.00 | 23,279.00 | 12,147.00 | -17,359.00 | 30,431.00 | 19,110.00 | 9,043.00 | -13,028.00 | 21,832.00 | 13,485.00 | 6,765.00 | 11,210.00 | 300.00 | 200.00 | 951.00 |
| EBITDA | 463,475.00 | 654,444.00 | 533,909.00 | 24,720.00 | -54,565.00 | 50,831.00 | -129,030.00 | 325,880.00 | -325,600.00 | -208,307.00 | -279,363.00 | -111,995.00 | -432,027.00 | -278,402.00 | 217,711.00 | -254,712.00 | -868,572.00 | -557,464.00 | 0 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 | -0.00 | 0.00 | 0.00 | -0.01 | -0.01 | 0 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0 | 0 | 0.00 | 0.00 | -0.01 | -0.01 | 0 |
| Average Shares Outstanding Basic | 161,811.00 | 161,536.00 | 161,049.00 | 175,211.00 | 149,486.00 | 144,147.00 | 139,916.00 | 136,099.00 | 93,046.00 | 87,769.00 | 86,158.00 | 81,339.00 | 77,631.00 | 77,305.00 | 76,457.00 | 150,048.00 | 73,972.00 | 73,580.00 | 0 |
| Average Shares Outstanding Diluted | 168,195.00 | 177,410.00 | 177,625.00 | 174,237.00 | 149,486.00 | 145,121.00 | 139,916.00 | 136,099.00 | 93,046.00 | 87,769.00 | 86,158.00 | 232,021.00 | 0 | 0 | 80,711.00 | 150,048.00 | 73,972.00 | 73,580.00 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -205,160.00 | -312,964.00 | -185,502.00 | -320,322.00 | 85,900.00 | 230,714.00 | -83,555.00 | 646,343.00 | -537,186.00 | -497,531.00 | -325,593.00 | 230,107.00 | -298,121.00 | -259,413.00 | -88,510.00 | -1,812,990.00 | 665,354.00 | 807,497.00 | 663,085.00 |
| Operating Net Income | 1,268,325.00 | 1,875,462.00 | 1,555,938.00 | -323,309.00 | -106,469.00 | 14,831.00 | -147,550.00 | 351,413.00 | -366,673.00 | -235,897.00 | -293,905.00 | -78,580.00 | -475,690.00 | -307,077.00 | 203,408.00 | -48,529.00 | -897,467.00 | -575,036.00 | -222,719.00 |
| Deprecation and Amortization | 22,488.00 | 15,903.00 | 8,340.00 | -22,909.00 | 35,979.00 | 23,279.00 | 12,147.00 | -17,359.00 | 30,431.00 | 19,110.00 | 9,043.00 | -13,028.00 | 21,832.00 | 13,485.00 | 6,765.00 | 11,210.00 | 300.00 | 200.00 | 951.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 28,048.00 | 19,499.00 | 10,285.00 | -26,763.00 | 37,704.00 | 25,655.00 | 11,556.00 | -61,928.00 | 69,699.00 | 48,939.00 | 28,647.00 | -76,139.00 | 102,525.00 | 70,981.00 | 32,933.00 | -127,074.00 | 151,457.00 | 106,183.00 | 53,060.00 |
| Change in Working Capital | -1,029,187.00 | -786,766.00 | -892,083.00 | 1,201,776.00 | -635,430.00 | -660,389.00 | -591,481.00 | 312,851.00 | -93,322.00 | 200,465.00 | -99,032.00 | -466,082.00 | 190,291.00 | 393,229.00 | -21,318.00 | -242,119.00 | 964,077.00 | 869,053.00 | 382,704.00 |
| Other Operating Activities | -494,834.00 | -1,437,062.00 | -867,982.00 | -1,149,117.00 | 754,116.00 | 827,338.00 | 631,773.00 | 61,366.00 | -177,321.00 | -530,148.00 | 29,654.00 | 863,936.00 | -137,079.00 | -430,031.00 | -310,298.00 | -1,406,478.00 | 446,987.00 | 407,097.00 | 449,089.00 |
| Investing Cash Flow | -98,750.00 | 37,779.00 | -73,319.00 | 531,214.00 | -348,045.00 | -379,957.00 | -7,250.00 | 45,817.00 | -49,728.00 | -31,337.00 | -23,558.00 | 36,164.00 | -70,921.00 | -41,402.00 | -16,826.00 | -286,681.00 | 116,518.00 | 128,708.00 | 141,609.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 655.00 | 655.00 | 375.00 | 191,969.00 | 1,262.00 | 622.00 | 372.00 | -8,081.00 | 4,796.00 | 4,563.00 | 3,757.00 | -125,220.00 | 70,921.00 | 41,402.00 | 16,826.00 | -26,349.00 | 41,122.00 | 28,932.00 | 13,781.00 |
| Net Purchase/Sale of Investments Net | 604,861.00 | 269,349.00 | 157,724.00 | 352,690.00 | 546,872.00 | 369,582.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -321,698.00 | 161,974.00 | 161,974.00 | 159,724.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -704,266.00 | -232,225.00 | -231,418.00 | -13,445.00 | -896,179.00 | -750,161.00 | -7,622.00 | 53,898.00 | -54,524.00 | -35,900.00 | -27,315.00 | 161,384.00 | -141,842.00 | -82,804.00 | -33,652.00 | 61,366.00 | -86,578.00 | -62,198.00 | -31,896.00 |
| Financing Cash Flow | 34,341.00 | -8,101.00 | -7,061.00 | -273,410.00 | 264,005.00 | 264,102.00 | 5,886.00 | 747,812.00 | -95,923.00 | -293,044.00 | -354,379.00 | -132,949.00 | 133,548.00 | 164,524.00 | 159,865.00 | -1,175,842.00 | 522,424.00 | 538,144.00 | 576,987.00 |
| Net Issuance/Repayment of Debt | 46,403.00 | 2,813.00 | 2,201.00 | 1,670.00 | 1,238.00 | 726.00 | 360.00 | -700,796.00 | 350,026.00 | 351,784.00 | 351,331.00 | 191,450.00 | 45,904.00 | 15,911.00 | 20,838.00 | -1,558.00 | 63,876.00 | 53,618.00 | 11,971.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | -270,134.00 | 263,272.00 | 263,272.00 | 6,862.00 | 41,262.00 | 256,995.00 | 61,986.00 | 0 | -291,360.00 | 179,452.00 | 180,435.00 | 180,703.00 | -1,158,610.00 | 564,859.00 | 591,762.00 | 591,609.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -12,062.00 | -10,914.00 | -9,262.00 | -4,946.00 | -505.00 | 104.00 | -1,336.00 | 1,407,346.00 | -702,944.00 | -706,814.00 | -705,710.00 | -33,039.00 | -91,808.00 | -31,822.00 | -41,676.00 | -15,674.00 | -106,311.00 | -107,236.00 | -26,593.00 |
| Net Change in Cash | -261,935.00 | -276,310.00 | -266,812.00 | -67,169.00 | 4,777.00 | 111,748.00 | -87,874.00 | 1,460,253.00 | -682,482.00 | -830,904.00 | -711,902.00 | 140,726.00 | -235,237.00 | -140,744.00 | 55,841.00 | -3,272,900.00 | 1,298,088.00 | 1,474,001.00 | 1,380,332.00 |
| Cash at Beginning of Period | 545,292.00 | 545,292.00 | 545,292.00 | 612,461.00 | 583,810.00 | 583,810.00 | 583,810.00 | -876,443.00 | 1,348,882.00 | 1,348,845.00 | 1,348,845.00 | 1,208,119.00 | 1,528,259.00 | 1,528,259.00 | 1,528,259.00 | 4,801,159.00 | 648,738.00 | 648,738.00 | 648,738.00 |
| Cash at End of Period | 283,357.00 | 268,982.00 | 278,480.00 | 545,292.00 | 588,587.00 | 695,558.00 | 495,936.00 | 583,810.00 | 666,400.00 | 517,941.00 | 636,943.00 | 1,348,845.00 | 1,293,022.00 | 1,387,515.00 | 1,584,100.00 | 1,528,259.00 | 1,946,826.00 | 2,122,739.00 | 2,029,070.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |