DLF Ltd

NSE: DLF BSE: 532868

₹657

-6.25 (0.94%)

Sun, 25 Oct 2026, 07:37 pm

MTF 5xInvest in DLF Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)161773.98

PE Ratio35.61

Dividend1.22

Finance

Real Estate Development

24.5K

DLF Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-1.56B	-2.30B	-2.54B	-4.53B	-9.74B	-15.40B	-21.10B	-21.19B	-24.63B	-31.84B	-33.07B	-32.73B	-30.73B	-22.16B	-14.36B	-8.55B	-6.32B	-4.10B	-3.68B	-4.48B
Pretax equity in earnings	0	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity in earnings	0	-12.69M	263.92M	-211.15M	8.18M	48.85M	14.48M	28.57M	70.88M	-34.33M	-1.57B	-922.60M	1.84B	9.46B	8.90B	6.05B	6.57B	9.33B	10.93B	16.72B
Total assets	69.44B	181.24B	396.06B	490.24B	617.66B	642.15B	637.05B	648.93B	648.34B	665.95B	621.86B	645.05B	644.42B	669.22B	572.30B	548.10B	546.11B	556.11B	618.06B	707.06B
Total current assets	35.60B	128.34B	266.00B	316.22B	273.34B	333.35B	294.59B	315.32B	344.23B	340.82B	262.11B	297.00B	294.55B	337.84B	286.30B	261.72B	238.18B	252.43B	320.18B	403.71B
Cash and short term investments	1.95B	4.16B	21.42B	11.96B	9.57B	14.63B	17.10B	22.02B	30.22B	28.96B	34.55B	41.51B	32.78B	48.90B	28.64B	21.26B	11.75B	27.46B	66.03B	109.98B
Cash & equivalents	575.00M	1.64B	17.95B	2.91B	6.71B	9.79B	10.49B	11.18B	20.28B	25.83B	28.48B	36.02B	15.23B	43.90B	16.22B	10.51B	3.10B	2.15B	14.01B	7.64B
Short term investments	1.38B	2.52B	3.47B	9.05B	2.86B	4.84B	6.61B	10.84B	9.94B	3.12B	6.07B	5.49B	17.54B	4.99B	12.42B	10.75B	8.65B	25.31B	52.02B	102.34B
Total receivables, net	15.28B	58.28B	121.83B	78.99B	95.10B	125.08B	112.48B	114.44B	128.96B	133.61B	57.22B	51.56B	55.99B	40.13B	30.43B	29.00B	23.90B	29.61B	35.25B	34.95B
Accounts receivable - trade, net	6.58B	15.06B	76.11B	21.65B	59.86B	93.54B	94.35B	98.47B	107.19B	111.87B	34.17B	36.49B	30.54B	8.50B	14.35B	13.10B	12.65B	13.44B	12.90B	15.02B
Other receivables	8.70B	43.23B	45.72B	57.34B	35.24B	31.55B	18.13B	15.96B	21.77B	21.74B	23.05B	15.06B	25.46B	31.63B	16.08B	15.90B	11.25B	16.17B	22.35B	19.93B
Total inventory	16.41B	56.80B	94.54B	109.28B	124.81B	150.39B	161.76B	176.46B	184.89B	177.43B	168.34B	200.99B	197.53B	220.09B	224.86B	210.87B	201.07B	193.61B	211.54B	246.21B
Other current assets, total	101.00M	1.66B	3.26B	80.15B	5.00B	4.22B	1.89B	2.08B	161.23M	824.91M	1.99B	2.95B	8.25B	28.73B	2.37B	592.96M	1.47B	1.75B	2.45B	3.37B
Total non-current assets	33.83B	52.89B	130.06B	174.01B	344.31B	308.80B	342.46B	333.61B	304.11B	325.13B	359.75B	348.05B	349.88B	331.39B	285.99B	286.38B	307.93B	303.68B	297.88B	303.35B
Long term investments	8.30B	2.11B	9.10B	14.02B	54.77B	9.32B	22.83B	21.64B	23.84B	31.94B	227.17B	240.04B	264.04B	259.93B	226.45B	228.01B	232.54B	231.15B	227.52B	237.02B
Note receivable - long term	0	0	0	0	—	—	12.59B	11.25B	14.91B	17.24B	13.05B	15.68B	11.60B	11.94B	16.86B	11.37B	9.90B	11.49B	9.59B	9.90B
Investments in unconsolidated subsidiaries	—	2.11B	1.62B	8.78B	5.73B	954.19M	2.07B	2.96B	327.36M	5.43B	18.20B	10.49B	197.21B	208.68B	180.23B	185.85B	188.42B	0	193.13B	200.66B
Other investments	8.30B	2.11B	7.48B	5.24B	49.04B	8.37B	8.17B	7.42B	8.60B	9.28B	195.92B	213.87B	55.23B	39.31B	29.36B	30.78B	34.22B	219.66B	24.80B	26.46B
Net property/plant/equipment	17.04B	41.84B	99.93B	135.66B	276.48B	281.62B	274.93B	258.07B	234.02B	238.75B	47.24B	25.29B	16.91B	15.69B	15.91B	13.07B	11.92B	8.96B	8.47B	8.07B
Gross property/plant/equipment	18.93B	44.24B	103.35B	141.35B	289.63B	300.99B	300.44B	289.35B	263.06B	272.54B	49.18B	28.68B	19.68B	19.65B	23.08B	20.80B	20.33B	18.19B	18.45B	18.90B
Deferred tax assets	—	188.29M	175.75M	1.33B	—	3.80B	6.51B	9.23B	13.49B	18.43B	46.35B	49.09B	38.58B	23.77B	13.39B	13.22B	34.44B	30.39B	27.37B	22.34B
Net intangible assets	8.49B	8.95B	21.04B	23.00B	13.07B	14.06B	18.39B	18.76B	15.12B	15.77B	11.92B	11.80B	11.73B	11.67B	10.95B	10.91B	10.91B	10.86B	10.83B	10.83B
Goodwill, net	8.49B	8.94B	20.93B	22.65B	12.68B	13.84B	16.25B	15.62B	11.97B	12.06B	10.18B	10.11B	10.09B	10.09B	9.44B	9.44B	9.44B	9.44B	9.44B	9.44B
Other intangibles, net	0	13.76M	105.92M	345.88M	388.76M	218.86M	2.14B	3.14B	3.15B	3.71B	1.74B	1.69B	1.64B	1.58B	1.51B	1.46B	1.46B	1.42B	1.39B	1.39B
Other long term assets, total	0	0	0	0	0	0	6.79B	8.51B	17.64B	20.23B	7.84B	7.56B	7.34B	20.33B	19.29B	21.17B	18.12B	22.32B	23.47B	24.91B
Short term debt	4.38B	5.41B	23.01B	15.57B	11.36B	5.52B	82.42B	92.60B	87.55B	68.65B	49.35B	59.47B	112.52B	116.08B	42.31B	33.81B	17.83B	20.63B	21.67B	21.92B
Current portion of LT debt and capital leases	—	—	—	—	—	—	48.43B	57.24B	57.51B	37.94B	22.42B	25.39B	24.44B	24.44B	17.92B	10.36B	806.71M	831.80M	755.99M	10.62B
Short term debt excl. current portion of LT debt	4.38B	5.41B	23.01B	15.57B	11.36B	5.52B	33.99B	35.36B	30.04B	30.72B	26.94B	34.08B	88.08B	91.64B	24.39B	23.45B	17.02B	19.80B	20.91B	11.30B
Accounts payable	1.25B	2.68B	17.05B	23.25B	15.25B	38.15B	25.81B	26.98B	22.81B	18.51B	15.14B	14.11B	12.29B	12.79B	10.63B	12.44B	15.29B	16.47B	17.88B	22.62B
Income tax payable	3.23B	8.77B	25.27B	32.62B	35.00B	33.99B	3.39B	2.40B	428.90M	2.92B	4.84B	368.79M	171.98M	72.14M	368.68M	192.67M	110.40M	40.30M	414.72M	2.44B
Long term debt	36.33B	93.26B	96.98B	147.36B	205.38B	234.38B	168.24B	155.42B	135.79B	176.30B	203.29B	232.55B	144.89B	56.14B	41.09B	35.05B	23.99B	12.71B	26.67B	19.11B
Long term debt excl. lease liabilities	36.30B	93.26B	96.98B	147.36B	205.38B	234.38B	168.17B	155.40B	135.79B	176.29B	203.27B	232.55B	144.89B	56.14B	41.09B	35.05B	23.99B	12.71B	26.67B	19.11B
Total equity	9.55B	35.64B	200.78B	247.87B	310.61B	269.07B	276.57B	279.30B	293.96B	293.43B	241.95B	246.97B	271.09B	336.17B	344.65B	353.64B	363.82B	376.92B	394.32B	425.50B
Shareholders' equity	9.50B	35.55B	196.88B	241.54B	304.33B	263.32B	272.36B	275.28B	291.94B	291.68B	240.69B	245.73B	270.60B	335.77B	344.47B	353.44B	363.62B	376.88B	394.31B	425.50B
Common equity, total	9.50B	26.05B	187.39B	227.58B	245.13B	245.22B	254.37B	257.28B	273.95B	273.69B	240.69B	245.73B	270.60B	335.77B	344.47B	353.44B	363.62B	376.88B	394.31B	425.50B
Other common equity	8.90B	22.87B	93.47B	133.67B	38.79B	43.57B	51.40B	52.22B	54.87B	56.62B	75.56B	73.41B	42.49B	65.51B	29.02B	28.16B	28.27B	28.57B	28.64B	29.13B
Total debt	40.71B	98.67B	119.99B	162.93B	216.74B	239.90B	250.66B	248.01B	223.34B	244.95B	252.64B	292.02B	257.41B	172.22B	83.40B	68.86B	41.82B	33.34B	48.34B	41.03B
Net debt	38.76B	—	—	150.98B	207.17B	225.27B	233.56B	226.00B	193.12B	215.99B	218.08B	250.52B	224.63B	123.33B	54.75B	47.60B	30.07B	5.88B	-17.69B	-68.95B
Change in accounts receivable	-8.44B	-34.31B	-44.85B	-29.37B	58.92B	-30.37B	-5.61B	-5.94B	-18.22B	-14.07B	-4.96B	-2.13B	-1.79B	-95.85M	-7.59B	308.50M	241.29M	605.41M	361.28M	-2.32B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	6.69B	—	—	—	—	—	7.03B	14.41B	11.29B	-5.42B	-526.24M	2.78B	-18.89B	—	-1.41B	2.19B	3.20B	1.25B	1.50B	5.47B
Change in other assets/liabilities	0	1.15B	-45.59B	-8.10B	7.64B	45.95B	0	—	—	540.00M	-5.16B	-16.25B	-16.57B	-28.60B	-27.18B	-24.32B	-5.77B	-4.15B	21.38B	39.91B
Sale of fixed assets & businesses	150.00M	9.35B	153.50M	1.30B	5.83B	4.15B	5.34B	1.70B	19.43B	305.96M	596.55M	114.59M	167.07B	2.86B	61.18B	854.28M	529.93M	206.32M	7.43B	7.24M
Purchase/sale of investments, net	-7.94B	12.43B	-14.42B	-4.44B	-31.09B	44.77B	-716.25M	31.43B	20.08B	5.30B	-3.89B	8.78B	-10.72B	8.23B	-12.41B	-2.33B	517.26M	-12.93B	-27.86B	-53.75B
Sale/maturity of investments	66.00M	16.37B	2.04B	1.74B	151.25B	48.67B	6.30B	34.67B	25.32B	6.74B	1.19B	8.78B	3.83B	24.06B	104.43B	27.81B	19.52B	13.86B	17.37B	1.21B
Purchase of investments	-8.01B	-3.94B	-16.46B	-6.17B	-182.34B	-3.90B	-7.02B	-3.24B	-5.24B	-1.44B	-5.08B	0	-14.55B	-15.83B	-116.84B	-30.14B	-19.01B	-26.79B	-45.23B	-54.96B
Other investing cash flow items, total	-7.58B	0	0	0	0	0	-2.17B	-2.71B	6.76B	0	0	0	-185.94B	-6.46B	-2.54B	-202.16M	-1.41B	-1.06B	-1.34B	3.25B
Issuance/retirement of debt, net	31.68B	58.01B	23.18B	41.11B	53.81B	23.16B	10.75B	-2.65B	-22.16B	22.86B	6.90B	39.38B	36.99B	-3.69B	-85.47B	-12.36B	-26.78B	-8.74B	14.86B	-7.51B
Issuance/retirement of long term debt	29.67B	48.43B	-10.99B	36.30B	60.25B	21.70B	10.75B	-2.65B	-22.16B	22.18B	11.86B	32.86B	-12.99B	-3.21B	-14.67B	-7.94B	-20.24B	-11.40B	13.81B	2.15B
Issuance/retirement of short term debt	2.01B	9.58B	34.17B	4.82B	-6.43B	1.45B	0	0	0	677.40M	-4.96B	7.14B	54.00B	3.59B	-67.36B	-1.06B	-6.55B	2.67B	1.04B	-9.66B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	-625.00M	-4.03B	-4.08B	-3.45B	-3.36B	—	—	—	—
Total cash dividends paid	-16.00M	-15.53M	-6.82B	-3.43B	-3.54B	-8.30B	-5.11B	-5.02B	-6.06B	-6.56B	-7.86B	-39.21M	-8.16B	-1.70B	-8.08B	-1.99B	-4.97B	-7.43B	-9.87B	-12.34B
Other financing cash flow items, total	0	-2.18M	-1.16B	-286.29M	-289.21M	-828.07M	-844.96M	-814.80M	0	0	0	0	-154.10B	0	0	0	0	0	0	0

DLF Balance Sheet

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-1.56B	-2.30B	-2.54B	-4.53B	-9.74B	-15.40B	-21.10B	-21.19B	-24.63B	-31.84B	-33.07B	-32.73B	-30.73B	-22.16B	-14.36B	-8.55B	-6.32B	-4.10B	-3.68B	-4.48B
Pretax equity in earnings	0	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity in earnings	0	-12.69M	263.92M	-211.15M	8.18M	48.85M	14.48M	28.57M	70.88M	-34.33M	-1.57B	-922.60M	1.84B	9.46B	8.90B	6.05B	6.57B	9.33B	10.93B	16.72B
Total assets	69.44B	181.24B	396.06B	490.24B	617.66B	642.15B	637.05B	648.93B	648.34B	665.95B	621.86B	645.05B	644.42B	669.22B	572.30B	548.10B	546.11B	556.11B	618.06B	707.06B
Total current assets	35.60B	128.34B	266.00B	316.22B	273.34B	333.35B	294.59B	315.32B	344.23B	340.82B	262.11B	297.00B	294.55B	337.84B	286.30B	261.72B	238.18B	252.43B	320.18B	403.71B
Cash and short term investments	1.95B	4.16B	21.42B	11.96B	9.57B	14.63B	17.10B	22.02B	30.22B	28.96B	34.55B	41.51B	32.78B	48.90B	28.64B	21.26B	11.75B	27.46B	66.03B	109.98B
Cash & equivalents	575.00M	1.64B	17.95B	2.91B	6.71B	9.79B	10.49B	11.18B	20.28B	25.83B	28.48B	36.02B	15.23B	43.90B	16.22B	10.51B	3.10B	2.15B	14.01B	7.64B
Short term investments	1.38B	2.52B	3.47B	9.05B	2.86B	4.84B	6.61B	10.84B	9.94B	3.12B	6.07B	5.49B	17.54B	4.99B	12.42B	10.75B	8.65B	25.31B	52.02B	102.34B
Total receivables, net	15.28B	58.28B	121.83B	78.99B	95.10B	125.08B	112.48B	114.44B	128.96B	133.61B	57.22B	51.56B	55.99B	40.13B	30.43B	29.00B	23.90B	29.61B	35.25B	34.95B
Accounts receivable - trade, net	6.58B	15.06B	76.11B	21.65B	59.86B	93.54B	94.35B	98.47B	107.19B	111.87B	34.17B	36.49B	30.54B	8.50B	14.35B	13.10B	12.65B	13.44B	12.90B	15.02B
Other receivables	8.70B	43.23B	45.72B	57.34B	35.24B	31.55B	18.13B	15.96B	21.77B	21.74B	23.05B	15.06B	25.46B	31.63B	16.08B	15.90B	11.25B	16.17B	22.35B	19.93B
Total inventory	16.41B	56.80B	94.54B	109.28B	124.81B	150.39B	161.76B	176.46B	184.89B	177.43B	168.34B	200.99B	197.53B	220.09B	224.86B	210.87B	201.07B	193.61B	211.54B	246.21B
Other current assets, total	101.00M	1.66B	3.26B	80.15B	5.00B	4.22B	1.89B	2.08B	161.23M	824.91M	1.99B	2.95B	8.25B	28.73B	2.37B	592.96M	1.47B	1.75B	2.45B	3.37B
Total non-current assets	33.83B	52.89B	130.06B	174.01B	344.31B	308.80B	342.46B	333.61B	304.11B	325.13B	359.75B	348.05B	349.88B	331.39B	285.99B	286.38B	307.93B	303.68B	297.88B	303.35B
Long term investments	8.30B	2.11B	9.10B	14.02B	54.77B	9.32B	22.83B	21.64B	23.84B	31.94B	227.17B	240.04B	264.04B	259.93B	226.45B	228.01B	232.54B	231.15B	227.52B	237.02B
Note receivable - long term	0	0	0	0	—	—	12.59B	11.25B	14.91B	17.24B	13.05B	15.68B	11.60B	11.94B	16.86B	11.37B	9.90B	11.49B	9.59B	9.90B
Investments in unconsolidated subsidiaries	—	2.11B	1.62B	8.78B	5.73B	954.19M	2.07B	2.96B	327.36M	5.43B	18.20B	10.49B	197.21B	208.68B	180.23B	185.85B	188.42B	0	193.13B	200.66B
Other investments	8.30B	2.11B	7.48B	5.24B	49.04B	8.37B	8.17B	7.42B	8.60B	9.28B	195.92B	213.87B	55.23B	39.31B	29.36B	30.78B	34.22B	219.66B	24.80B	26.46B
Net property/plant/equipment	17.04B	41.84B	99.93B	135.66B	276.48B	281.62B	274.93B	258.07B	234.02B	238.75B	47.24B	25.29B	16.91B	15.69B	15.91B	13.07B	11.92B	8.96B	8.47B	8.07B
Gross property/plant/equipment	18.93B	44.24B	103.35B	141.35B	289.63B	300.99B	300.44B	289.35B	263.06B	272.54B	49.18B	28.68B	19.68B	19.65B	23.08B	20.80B	20.33B	18.19B	18.45B	18.90B
Deferred tax assets	—	188.29M	175.75M	1.33B	—	3.80B	6.51B	9.23B	13.49B	18.43B	46.35B	49.09B	38.58B	23.77B	13.39B	13.22B	34.44B	30.39B	27.37B	22.34B
Net intangible assets	8.49B	8.95B	21.04B	23.00B	13.07B	14.06B	18.39B	18.76B	15.12B	15.77B	11.92B	11.80B	11.73B	11.67B	10.95B	10.91B	10.91B	10.86B	10.83B	10.83B
Goodwill, net	8.49B	8.94B	20.93B	22.65B	12.68B	13.84B	16.25B	15.62B	11.97B	12.06B	10.18B	10.11B	10.09B	10.09B	9.44B	9.44B	9.44B	9.44B	9.44B	9.44B
Other intangibles, net	0	13.76M	105.92M	345.88M	388.76M	218.86M	2.14B	3.14B	3.15B	3.71B	1.74B	1.69B	1.64B	1.58B	1.51B	1.46B	1.46B	1.42B	1.39B	1.39B
Other long term assets, total	0	0	0	0	0	0	6.79B	8.51B	17.64B	20.23B	7.84B	7.56B	7.34B	20.33B	19.29B	21.17B	18.12B	22.32B	23.47B	24.91B
Short term debt	4.38B	5.41B	23.01B	15.57B	11.36B	5.52B	82.42B	92.60B	87.55B	68.65B	49.35B	59.47B	112.52B	116.08B	42.31B	33.81B	17.83B	20.63B	21.67B	21.92B
Current portion of LT debt and capital leases	—	—	—	—	—	—	48.43B	57.24B	57.51B	37.94B	22.42B	25.39B	24.44B	24.44B	17.92B	10.36B	806.71M	831.80M	755.99M	10.62B
Short term debt excl. current portion of LT debt	4.38B	5.41B	23.01B	15.57B	11.36B	5.52B	33.99B	35.36B	30.04B	30.72B	26.94B	34.08B	88.08B	91.64B	24.39B	23.45B	17.02B	19.80B	20.91B	11.30B
Accounts payable	1.25B	2.68B	17.05B	23.25B	15.25B	38.15B	25.81B	26.98B	22.81B	18.51B	15.14B	14.11B	12.29B	12.79B	10.63B	12.44B	15.29B	16.47B	17.88B	22.62B
Income tax payable	3.23B	8.77B	25.27B	32.62B	35.00B	33.99B	3.39B	2.40B	428.90M	2.92B	4.84B	368.79M	171.98M	72.14M	368.68M	192.67M	110.40M	40.30M	414.72M	2.44B
Long term debt	36.33B	93.26B	96.98B	147.36B	205.38B	234.38B	168.24B	155.42B	135.79B	176.30B	203.29B	232.55B	144.89B	56.14B	41.09B	35.05B	23.99B	12.71B	26.67B	19.11B
Long term debt excl. lease liabilities	36.30B	93.26B	96.98B	147.36B	205.38B	234.38B	168.17B	155.40B	135.79B	176.29B	203.27B	232.55B	144.89B	56.14B	41.09B	35.05B	23.99B	12.71B	26.67B	19.11B
Total equity	9.55B	35.64B	200.78B	247.87B	310.61B	269.07B	276.57B	279.30B	293.96B	293.43B	241.95B	246.97B	271.09B	336.17B	344.65B	353.64B	363.82B	376.92B	394.32B	425.50B
Shareholders' equity	9.50B	35.55B	196.88B	241.54B	304.33B	263.32B	272.36B	275.28B	291.94B	291.68B	240.69B	245.73B	270.60B	335.77B	344.47B	353.44B	363.62B	376.88B	394.31B	425.50B
Common equity, total	9.50B	26.05B	187.39B	227.58B	245.13B	245.22B	254.37B	257.28B	273.95B	273.69B	240.69B	245.73B	270.60B	335.77B	344.47B	353.44B	363.62B	376.88B	394.31B	425.50B
Other common equity	8.90B	22.87B	93.47B	133.67B	38.79B	43.57B	51.40B	52.22B	54.87B	56.62B	75.56B	73.41B	42.49B	65.51B	29.02B	28.16B	28.27B	28.57B	28.64B	29.13B
Total debt	40.71B	98.67B	119.99B	162.93B	216.74B	239.90B	250.66B	248.01B	223.34B	244.95B	252.64B	292.02B	257.41B	172.22B	83.40B	68.86B	41.82B	33.34B	48.34B	41.03B
Net debt	38.76B	—	—	150.98B	207.17B	225.27B	233.56B	226.00B	193.12B	215.99B	218.08B	250.52B	224.63B	123.33B	54.75B	47.60B	30.07B	5.88B	-17.69B	-68.95B
Change in accounts receivable	-8.44B	-34.31B	-44.85B	-29.37B	58.92B	-30.37B	-5.61B	-5.94B	-18.22B	-14.07B	-4.96B	-2.13B	-1.79B	-95.85M	-7.59B	308.50M	241.29M	605.41M	361.28M	-2.32B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	6.69B	—	—	—	—	—	7.03B	14.41B	11.29B	-5.42B	-526.24M	2.78B	-18.89B	—	-1.41B	2.19B	3.20B	1.25B	1.50B	5.47B
Change in other assets/liabilities	0	1.15B	-45.59B	-8.10B	7.64B	45.95B	0	—	—	540.00M	-5.16B	-16.25B	-16.57B	-28.60B	-27.18B	-24.32B	-5.77B	-4.15B	21.38B	39.91B
Sale of fixed assets & businesses	150.00M	9.35B	153.50M	1.30B	5.83B	4.15B	5.34B	1.70B	19.43B	305.96M	596.55M	114.59M	167.07B	2.86B	61.18B	854.28M	529.93M	206.32M	7.43B	7.24M
Purchase/sale of investments, net	-7.94B	12.43B	-14.42B	-4.44B	-31.09B	44.77B	-716.25M	31.43B	20.08B	5.30B	-3.89B	8.78B	-10.72B	8.23B	-12.41B	-2.33B	517.26M	-12.93B	-27.86B	-53.75B
Sale/maturity of investments	66.00M	16.37B	2.04B	1.74B	151.25B	48.67B	6.30B	34.67B	25.32B	6.74B	1.19B	8.78B	3.83B	24.06B	104.43B	27.81B	19.52B	13.86B	17.37B	1.21B
Purchase of investments	-8.01B	-3.94B	-16.46B	-6.17B	-182.34B	-3.90B	-7.02B	-3.24B	-5.24B	-1.44B	-5.08B	0	-14.55B	-15.83B	-116.84B	-30.14B	-19.01B	-26.79B	-45.23B	-54.96B
Other investing cash flow items, total	-7.58B	0	0	0	0	0	-2.17B	-2.71B	6.76B	0	0	0	-185.94B	-6.46B	-2.54B	-202.16M	-1.41B	-1.06B	-1.34B	3.25B
Issuance/retirement of debt, net	31.68B	58.01B	23.18B	41.11B	53.81B	23.16B	10.75B	-2.65B	-22.16B	22.86B	6.90B	39.38B	36.99B	-3.69B	-85.47B	-12.36B	-26.78B	-8.74B	14.86B	-7.51B
Issuance/retirement of long term debt	29.67B	48.43B	-10.99B	36.30B	60.25B	21.70B	10.75B	-2.65B	-22.16B	22.18B	11.86B	32.86B	-12.99B	-3.21B	-14.67B	-7.94B	-20.24B	-11.40B	13.81B	2.15B
Issuance/retirement of short term debt	2.01B	9.58B	34.17B	4.82B	-6.43B	1.45B	0	0	0	677.40M	-4.96B	7.14B	54.00B	3.59B	-67.36B	-1.06B	-6.55B	2.67B	1.04B	-9.66B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	-625.00M	-4.03B	-4.08B	-3.45B	-3.36B	—	—	—	—
Total cash dividends paid	-16.00M	-15.53M	-6.82B	-3.43B	-3.54B	-8.30B	-5.11B	-5.02B	-6.06B	-6.56B	-7.86B	-39.21M	-8.16B	-1.70B	-8.08B	-1.99B	-4.97B	-7.43B	-9.87B	-12.34B
Other financing cash flow items, total	0	-2.18M	-1.16B	-286.29M	-289.21M	-828.07M	-844.96M	-814.80M	0	0	0	0	-154.10B	0	0	0	0	0	0	0