STNE
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -1.51 | 3.54 | -5.68 | -3.83 |
| Price to Sales | 0.18 | 0.50 | 0.33 | 1.14 |
| Book Value Per Common Share | 41.17 | 47.33 | 41.24 | 43.82 |
| Price to Book | 0.19 | 0.38 | 0.23 | 0.38 |
| Price to Operating Cash Flow | -0.63 | 3.42 | 1.75 | 1.44 |
| Price to Free Cash Flow | -0.47 | 12.89 | 3.07 | 2.26 |
| Enterprise Value to EBITDA | 23066.70 | 15713.24 | 21912.27 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 7.08 | 7.23 | 5.70 | -0.80 | 6.19 |
| Price to Sales | 1.48 | 1.31 | 0.84 | 0.67 | 1.14 |
| Book Value Per Common Share | 44.78 | 43.24 | 42.04 | 41.17 | 51.47 |
| Price to Book | 0.42 | 0.37 | 0.25 | 0.19 | 0.22 |
| Price to Operating Cash Flow | -4.79 | 11.14 | 4.70 | -7.77 | -25.44 |
| Price to Free Cash Flow | -3.80 | 62.93 | 8.71 | -3.75 | -7.79 |
| Enterprise Value to EBITDA | 31443.97 | 30385.42 | 22155.01 | 27173.90 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 12.10 | 26.04 | 97.02 | |
| EBITDA YoY | -72.12 | 163.19 | ||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 20.27 | 20.65 | |||
| Revenue YoY | 3.28 | -5.58 | -0.29 | 19.29 | |
| EBITDA YoY | 11.72 | 9.94 | |||
| Net Profit YoY | 17.21 | 17.21 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 50.88 | 38.57 | 28.55 | 28.60 |
| Quick Ratio | 1.36 | 1.28 | 1.20 | 1.28 |
| Current Ratio | 1.37 | 1.29 | 1.22 | 1.31 |
| Debt to Equity | 3.63 | 2.32 | 2.26 | 2.09 |
| Long-Term Debt to Equity | 0.80 | 0.35 | 0.32 | 0.42 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 28.42 | 26.18 | 28.36 | 49.65 | 40.22 |
| Quick Ratio | 1.30 | 1.33 | 1.37 | 1.36 | 1.41 |
| Current Ratio | 1.43 | 1.48 | 1.39 | 1.37 | 1.42 |
| Debt to Equity | 3.97 | 3.75 | 3.70 | 3.63 | 2.39 |
| Long-Term Debt to Equity | 0.82 | 0.85 | 0.88 | 0.80 | 0.56 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -2.76 | 3.27 | -1.23 | -3.23 |
| ROE | -12.81 | 10.85 | -4.01 | -9.97 |
| Gross Margin | 73.40 | 73.75 | 70.39 | 62.55 |
| Operating Margin | 0.30 | 23.46 | 6.06 | -20.65 |
| EBITDA Margin | 7.76 | 31.19 | 14.94 | -9.56 |
| Net Profit Margin | -11.89 | 14.01 | -5.76 | -29.69 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 1.21 | 1.09 | 0.95 | -5.33 | 1.04 |
| ROE | 5.99 | 5.19 | 4.49 | -24.72 | 3.52 |
| Gross Margin | 75.91 | 74.12 | 73.17 | 74.83 | 75.10 |
| Operating Margin | 39.66 | 34.74 | 29.49 | -71.76 | 33.01 |
| EBITDA Margin | 46.49 | 42.98 | 36.91 | -64.77 | 42.02 |
| Net Profit Margin | 20.82 | 18.35 | 14.78 | -83.76 | 18.44 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 54,813,463.00 | 48,693,561.00 | 42,245,440.00 | 42,097,012.00 |
| Current Assets | 45,965,024.00 | 37,152,601.00 | 30,659,203.00 | 29,944,452.00 |
| Cash and Short-Term Investments | 14,551,410.00 | 12,055,810.00 | 8,927,247.00 | 8,835,156.00 |
| Cash and Cash Equivalents | 5,227,654.00 | 2,176,416.00 | 1,512,604.00 | 4,495,645.00 |
| Short-Term Investments | 9,323,756.00 | 9,879,394.00 | 7,414,643.00 | 4,339,511.00 |
| Net Receivables | 30,886,545.00 | 24,711,755.00 | 21,330,201.00 | 20,387,553.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 527,069.00 | 385,036.00 | 401,755.00 | 721,743.00 |
| Non-Current Assets | 8,848,439.00 | 11,540,960.00 | 11,586,237.00 | 12,152,560.00 |
| Property, Plant, Equipment Net | 1,833,997.00 | 1,661,897.00 | 1,641,178.00 | 1,569,520.00 |
| Goodwill | 2,078,115.00 | 5,634,903.00 | 5,647,421.00 | 5,591,489.00 |
| Intangible Assets | 3,379,987.00 | 3,160,016.00 | 2,984,911.00 | 2,686,029.00 |
| Long-Term Investments | 108,380.00 | 128,712.00 | 324,519.00 | 1,304,930.00 |
| Non-Current Deferred Assets | 871,640.00 | 664,492.00 | 679,971.00 | 580,492.00 |
| Other Non-Current Assets | 576,320.00 | 290,940.00 | 308,237.00 | 420,100.00 |
| Liabilities | 42,986,181.00 | 34,017,601.00 | 29,295,416.00 | 28,469,792.00 |
| Current Liabilities | 33,533,813.00 | 28,831,133.00 | 25,174,139.00 | 22,789,845.00 |
| Payables and Expenses | 18,989,154.00 | 20,191,848.00 | 17,503,887.00 | 16,272,331.00 |
| Account Payables | 672,184.00 | 513,877.00 | 596,044.00 | 372,547.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 |
| Short-Term Debt | 4,969,839.00 | 1,879,997.00 | 2,822,655.00 | 3,873,561.00 |
| Other Current Liabilities | 9,574,820.00 | 6,759,288.00 | 4,847,597.00 | 2,643,953.00 |
| Non-Current Liabilities | 9,452,368.00 | 5,186,468.00 | 4,121,277.00 | 5,679,947.00 |
| Long-Term Debt | 7,926,102.00 | 3,639,215.00 | 2,728,470.00 | 4,488,828.00 |
| Other Non-Current Liabilities | 1,526,266.00 | 1,547,253.00 | 1,392,807.00 | 1,191,119.00 |
| Equity | 11,827,282.00 | 14,675,960.00 | 12,950,024.00 | 13,627,220.00 |
| Shareholders Equity | 11,775,984.00 | 14,622,264.00 | 12,893,906.00 | 13,536,446.00 |
| Capital Stock | 76.00 | 76.00 | 76.00 | 76.00 |
| Share Premium | 0 | 0 | 0 | 0 |
| Retained Earnings | -346,360.00 | 1,168,862.00 | -423,203.00 | 96,214.00 |
| Treasury Shares | 1,805,896.00 | 282,709.00 | 69,085.00 | 1,065,184.00 |
| Accumulated Other Comprehensive Income | 13,928,164.00 | 13,736,035.00 | 13,386,118.00 | 14,505,340.00 |
| Minority Interest | 51,298.00 | 53,696.00 | 56,118.00 | 90,774.00 |
| Debt | 12,895,941.00 | 5,519,212.00 | 5,551,125.00 | 8,362,389.00 |
| Net Debt | 7,421,283.00 | 3,169,113.00 | 3,838,374.00 | 3,593,289.00 |
| Common Shares Outstanding | 286,012.58 | 308,936.10 | 312,639.83 | 308,931.40 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 12,739,153.00 | 11,364,024.00 | 9,016,344.00 | 4,576,468.00 |
| Cost Of Revenue | 3,389,127.00 | 2,982,758.00 | 2,669,752.00 | 1,713,828.00 |
| Interest Income | 518,301.00 | 690,979.00 | 572,601.00 | 247,293.00 |
| Interest Expense | 1,056,393.00 | 695,441.00 | 933,690.00 | 500,476.00 |
| Non-Interest Expense | 3,235,974.00 | 2,887,144.00 | 2,632,598.00 | 1,825,885.00 |
| Gross Profit | 9,350,026.00 | 8,381,266.00 | 6,346,592.00 | 2,862,640.00 |
| Operating Expenses | 3,235,974.00 | 2,887,144.00 | 2,632,598.00 | 1,825,885.00 |
| Selling, General and Administrative Expenses | 3,235,974.00 | 2,887,144.00 | 2,632,598.00 | 1,825,885.00 |
| Operating Income | 6,114,052.00 | 5,494,122.00 | 3,713,994.00 | 1,036,755.00 |
| Net Non-Operating Income | -398,726.00 | -241,213.00 | -302,501.00 | -185,894.00 |
| EBT | -1,017,629.00 | 1,970,818.00 | -387,290.00 | -1,445,554.00 |
| Income Tax | 489,421.00 | 370,398.00 | 139,106.00 | -68,206.00 |
| Net Income Including Non-Controlling Interests | -1,507,050.00 | 1,600,420.00 | -526,396.00 | -1,377,348.00 |
| Net Income Non-Controlling Interests | -8,172.00 | -8,355.00 | 6,979.00 | 18,535.00 |
| Net Income | -1,515,222.00 | 1,592,065.00 | -519,417.00 | -1,358,813.00 |
| EBIT | 38,764.00 | 2,666,259.00 | 546,400.00 | -945,078.00 |
| Deprecation and Amortization | 949,394.00 | 878,181.00 | 800,326.00 | 507,369.00 |
| EBITDA | 988,158.00 | 3,544,440.00 | 1,346,726.00 | -437,709.00 |
| EPS | -0.01 | 0.01 | -0.00 | -0.00 |
| Diluted EPS | -0.01 | 0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 286,012.58 | 312,587.59 | 312,639.83 | 308,905.40 |
| Average Shares Outstanding Diluted | 286,012.58 | 319,267.16 | 312,639.83 | 308,905.40 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -3,621,382.00 | 1,647,708.00 | 1,683,685.00 | 3,606,902.00 |
| Operating Net Income | -1,507,050.00 | 1,600,420.00 | -526,396.00 | -1,377,348.00 |
| Deprecation and Amortization | 949,394.00 | 878,181.00 | 800,326.00 | 507,369.00 |
| Deferred Income Tax | -38,498.00 | 24,585.00 | -153,066.00 | -239,827.00 |
| Share Based Compensation | 232,672.00 | 251,239.00 | 213,076.00 | 113,169.00 |
| Change in Working Capital | -10,881,579.00 | -3,147,747.00 | -1,125,744.00 | 1,300,731.00 |
| Other Operating Activities | 7,623,679.00 | 2,041,030.00 | 2,475,489.00 | 3,302,808.00 |
| Investing Cash Flow | 1,587,490.00 | -845,436.00 | -1,871,142.00 | -2,977,197.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -764,482.00 | -736,244.00 | -417,733.00 | -1,082,990.00 |
| Net Purchase/Sale of Investments Net | 3,052,127.00 | 402,131.00 | -1,053,846.00 | 3,100,279.00 |
| Net Purchase/Sale of Business | -194,623.00 | -37,806.00 | -121,059.00 | -4,778,905.00 |
| Other Investing Activities | -505,532.00 | -473,517.00 | -278,504.00 | -215,581.00 |
| Financing Cash Flow | 5,040,586.00 | -148,796.00 | -2,810,132.00 | 1,419,437.00 |
| Net Issuance/Repayment of Debt | 2,878,926.00 | -1,381,786.00 | -2,455,295.00 | 2,181,100.00 |
| Net Issuance/Repurchase of Equity | -1,587,332.00 | -292,745.00 | 53,406.00 | -988,824.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 3,748,992.00 | 1,525,735.00 | -408,243.00 | 227,161.00 |
| Net Change in Cash | 3,006,694.00 | 653,476.00 | -2,997,589.00 | 2,049,142.00 |
| Cash at Beginning of Period | 2,176,416.00 | 1,512,604.00 | 4,495,645.00 | 2,446,990.00 |
| Cash at End of Period | 5,227,654.00 | 2,176,416.00 | 1,512,604.00 | 4,495,645.00 |
| Free Cash Flow | -4,893,142.00 | 437,411.00 | 960,440.00 | 2,308,231.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 58,596,986.00 | 55,155,724.00 | 53,933,910.00 | 54,813,463.00 | 51,925,684.00 |
| Current Assets | 52,923,122.00 | 49,682,386.00 | 44,925,627.00 | 45,965,024.00 | 39,990,148.00 |
| Cash and Short-Term Investments | 7,525,930.00 | 7,048,158.00 | 7,935,550.00 | 14,551,410.00 | 11,945,423.00 |
| Cash and Cash Equivalents | 5,554,256.00 | 5,185,579.00 | 5,650,362.00 | 5,227,654.00 | 4,013,279.00 |
| Short-Term Investments | 1,971,674.00 | 1,862,579.00 | 2,285,188.00 | 9,323,756.00 | 7,932,144.00 |
| Net Receivables | 40,723,059.00 | 37,850,481.00 | 36,477,703.00 | 30,886,545.00 | 27,619,016.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 4,674,133.00 | 4,783,747.00 | 512,374.00 | 527,069.00 | 425,709.00 |
| Non-Current Assets | 5,673,864.00 | 5,473,338.00 | 9,008,283.00 | 8,848,439.00 | 11,935,536.00 |
| Property, Plant, Equipment Net | 1,744,143.00 | 1,823,349.00 | 1,880,315.00 | 1,833,997.00 | 1,760,401.00 |
| Goodwill | 674,634.00 | 674,634.00 | 2,077,784.00 | 2,078,115.00 | 5,635,457.00 |
| Intangible Assets | 1,277,841.00 | 1,237,727.00 | 3,403,814.00 | 3,379,987.00 | 3,316,667.00 |
| Long-Term Investments | 109,806.00 | 95,739.00 | 110,026.00 | 108,380.00 | 111,768.00 |
| Non-Current Deferred Assets | 1,161,343.00 | 1,089,038.00 | 1,033,865.00 | 871,640.00 | 692,799.00 |
| Other Non-Current Assets | 706,097.00 | 552,851.00 | 502,479.00 | 576,320.00 | 418,444.00 |
| Liabilities | 46,806,758.00 | 43,536,412.00 | 42,466,736.00 | 42,986,181.00 | 36,596,707.00 |
| Current Liabilities | 37,118,081.00 | 33,682,079.00 | 32,319,832.00 | 33,533,813.00 | 28,072,729.00 |
| Payables and Expenses | 18,594,416.00 | 18,090,155.00 | 18,288,751.00 | 18,989,154.00 | 17,545,930.00 |
| Account Payables | 672,169.00 | 685,144.00 | 721,675.00 | 672,184.00 | 564,346.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 7,632,024.00 | 5,115,969.00 | 4,939,061.00 | 4,969,839.00 | 2,816,973.00 |
| Other Current Liabilities | 10,891,641.00 | 10,475,955.00 | 9,092,020.00 | 9,574,820.00 | 7,709,826.00 |
| Non-Current Liabilities | 9,688,677.00 | 9,854,333.00 | 10,146,904.00 | 9,452,368.00 | 8,523,978.00 |
| Long-Term Debt | 8,523,554.00 | 8,840,377.00 | 8,496,736.00 | 7,926,102.00 | 7,218,627.00 |
| Other Non-Current Liabilities | 1,165,123.00 | 1,013,956.00 | 1,650,168.00 | 1,526,266.00 | 1,305,351.00 |
| Equity | 11,790,228.00 | 11,619,312.00 | 11,467,174.00 | 11,827,282.00 | 15,328,977.00 |
| Shareholders Equity | 11,747,427.00 | 11,566,599.00 | 11,416,293.00 | 11,775,984.00 | 15,275,087.00 |
| Capital Stock | 76.00 | 76.00 | 76.00 | 76.00 | 76.00 |
| Share Premium | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1,473,381.00 | 766,607.00 | 168,098.00 | -346,360.00 | 2,577,649.00 |
| Treasury Shares | 3,342,166.00 | 2,902,211.00 | 2,608,290.00 | 1,805,896.00 | 1,205,664.00 |
| Accumulated Other Comprehensive Income | 13,616,136.00 | 13,702,127.00 | 13,856,409.00 | 13,928,164.00 | 13,903,026.00 |
| Minority Interest | 42,801.00 | 52,713.00 | 50,881.00 | 51,298.00 | 53,890.00 |
| Debt | 16,155,578.00 | 13,956,346.00 | 13,435,797.00 | 12,895,941.00 | 10,035,600.00 |
| Net Debt | 10,601,322.00 | 8,770,767.00 | 7,540,158.00 | 7,421,283.00 | 6,022,321.00 |
| Common Shares Outstanding | 262,342.87 | 267,524.41 | 271,542.09 | 286,012.58 | 296,775.07 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 3,394,123.00 | 3,286,241.00 | 3,480,632.00 | 3,490,762.00 | 2,926,270.00 |
| Cost Of Revenue | 817,754.00 | 850,390.00 | 933,863.00 | 878,783.00 | 728,659.00 |
| Interest Income | 172,667.00 | 214,677.00 | 189,312.00 | 118,675.00 | 136,212.00 |
| Interest Expense | 545,092.00 | 450,261.00 | 388,730.00 | 318,379.00 | 281,946.00 |
| Non-Interest Expense | 760,886.00 | 756,105.00 | 871,031.00 | 852,396.00 | 656,978.00 |
| Gross Profit | 2,576,369.00 | 2,435,851.00 | 2,546,769.00 | 2,611,979.00 | 2,197,611.00 |
| Operating Expenses | 760,886.00 | 756,105.00 | 871,031.00 | 852,396.00 | 656,978.00 |
| Selling, General and Administrative Expenses | 760,886.00 | 756,105.00 | 871,031.00 | 852,396.00 | 656,978.00 |
| Operating Income | 1,815,483.00 | 1,679,746.00 | 1,675,738.00 | 1,759,583.00 | 1,540,633.00 |
| Net Non-Operating Income | -39,005.00 | -110,778.00 | -131,124.00 | -108,126.00 | -93,760.00 |
| EBT | 800,859.00 | 691,299.00 | 637,597.00 | -2,823,257.00 | 683,892.00 |
| Income Tax | 132,714.00 | 104,132.00 | 120,850.00 | 98,566.00 | 127,124.00 |
| Net Income Including Non-Controlling Interests | 715,250.00 | 587,167.00 | 516,747.00 | -2,921,823.00 | 542,877.00 |
| Net Income Non-Controlling Interests | -8,476.00 | 15,812.00 | -2,289.00 | -2,186.00 | -3,185.00 |
| Net Income | 706,774.00 | 602,979.00 | 514,458.00 | -2,924,009.00 | 539,692.00 |
| EBIT | 1,345,951.00 | 1,141,560.00 | 1,026,327.00 | -2,504,878.00 | 965,838.00 |
| Deprecation and Amortization | 232,020.00 | 270,888.00 | 258,399.00 | 244,002.00 | 263,833.00 |
| EBITDA | 1,577,971.00 | 1,412,448.00 | 1,284,726.00 | -2,260,876.00 | 1,229,671.00 |
| EPS | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 |
| Average Shares Outstanding Basic | 264,785.13 | 269,231.26 | 279,845.23 | 293,100.00 | 297,021.62 |
| Average Shares Outstanding Diluted | 272,000.41 | 275,904.80 | 286,082.04 | 293,100.00 | 303,571.21 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -1,045,515.00 | 387,599.00 | 624,331.00 | -300,790.00 | -131,463.00 |
| Operating Net Income | 715,250.00 | 602,979.00 | 516,747.00 | -2,921,823.00 | 542,877.00 |
| Deprecation and Amortization | 232,020.00 | 270,888.00 | 258,399.00 | 244,002.00 | 263,833.00 |
| Deferred Income Tax | -23,895.00 | -71,988.00 | -12,198.00 | -59,450.00 | 14,373.00 |
| Share Based Compensation | 70,112.00 | 96,876.00 | 87,129.00 | 74,313.00 | 68,203.00 |
| Change in Working Capital | -3,990,258.00 | -2,360,800.00 | -1,732,108.00 | -2,341,010.00 | -2,197,916.00 |
| Other Operating Activities | 1,951,256.00 | 1,849,644.00 | 1,506,362.00 | 4,703,178.00 | 1,177,167.00 |
| Investing Cash Flow | -384,045.00 | -398,632.00 | 79,308.00 | -479,284.00 | -566,806.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -154,594.00 | -211,313.00 | -180,218.00 | -203,426.00 | -170,144.00 |
| Net Purchase/Sale of Investments Net | -120,215.00 | -77,624.00 | 374,089.00 | -135,043.00 | -258,617.00 |
| Net Purchase/Sale of Business | 10,030.00 | -2,087.00 | -7,283.00 | -19,128.00 | -10,329.00 |
| Other Investing Activities | -119,266.00 | -107,608.00 | -107,280.00 | -121,687.00 | -127,716.00 |
| Financing Cash Flow | 1,648,030.00 | -42,982.00 | -268,587.00 | 1,996,547.00 | -58,285.00 |
| Net Issuance/Repayment of Debt | 1,380,874.00 | -26,400.00 | 315,425.00 | 1,014,656.00 | -544,548.00 |
| Net Issuance/Repurchase of Equity | -465,234.00 | -397,864.00 | -843,411.00 | -608,339.00 | -742,467.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 732,390.00 | 381,282.00 | 259,399.00 | 1,590,230.00 | 1,228,730.00 |
| Net Change in Cash | 218,470.00 | -54,015.00 | 435,052.00 | 1,216,473.00 | -756,554.00 |
| Cash at Beginning of Period | 5,585,720.00 | 5,650,362.00 | 5,227,654.00 | 4,013,279.00 | 4,743,236.00 |
| Cash at End of Period | 5,797,403.00 | 5,585,720.00 | 5,650,362.00 | 5,227,654.00 | 4,013,279.00 |
| Free Cash Flow | -1,319,313.00 | 68,629.00 | 336,816.00 | -623,255.00 | -429,501.00 |