Dr Reddys Laboratories Ltd

NSE: DRREDDY BSE: 500124

₹1229.50

-9.50 (0.77%)

Wed, 28 Oct 2026, 06:12 pm

MTF 5xInvest in Dr Reddys Laboratories Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)102156.38

PE Ratio36.63

Dividend0.65

Health Technology

Pharmaceuticals: Major

24.5K

Dr Reddys Laboratories 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	-252.21M	-1.34B	-862.22M	-890.00M	-312.00M	-289.00M	-1.07B	-1.02B	-1.27B	-1.12B	-5.01B	-957.00M	-1.32B	-1.62B	-1.71B	-1.39B	-1.38B	-2.01B	-2.62B	-4.05B
Pretax equity in earnings	-47.97M	-86.53M	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity in earnings	-47.97M	-86.53M	-16.71M	-1.00M	0	3.00M	54.00M	104.00M	174.00M	195.00M	229.00M	349.00M	344.00M	438.00M	561.00M	480.00M	703.00M	370.00M	147.00M	217.00M
Total assets	63.30B	77.18B	77.15B	73.26B	73.61B	95.00B	119.48B	142.37B	170.22B	194.76B	207.65B	219.82B	225.60B	225.43B	232.24B	265.49B	292.83B	321.85B	387.52B	492.99B
Total current assets	26.62B	37.49B	30.34B	38.80B	38.20B	47.59B	69.95B	85.71B	103.75B	119.84B	119.69B	100.38B	109.64B	114.50B	130.37B	148.25B	181.86B	206.94B	248.05B	250.11B
Cash and short term investments	9.80B	18.61B	7.45B	5.62B	6.60B	6.55B	18.16B	22.64B	34.09B	40.45B	40.13B	18.40B	21.07B	24.76B	25.74B	34.57B	44.37B	61.80B	81.47B	57.91B
Cash & equivalents	3.53B	4.04B	2.75B	2.62B	3.33B	5.73B	7.38B	5.14B	8.45B	5.39B	4.92B	3.87B	2.64B	2.23B	2.05B	14.83B	14.85B	5.78B	7.11B	14.65B
Short term investments	6.26B	14.57B	4.70B	3.00B	3.27B	817.00M	10.78B	17.51B	25.64B	35.06B	35.21B	14.53B	18.43B	22.53B	23.69B	19.74B	29.51B	56.02B	74.36B	43.25B
Total receivables, net	6.96B	9.94B	9.75B	17.26B	15.16B	19.26B	26.93B	38.55B	42.32B	50.41B	50.27B	49.15B	54.77B	45.63B	61.75B	61.68B	80.27B	85.89B	86.01B	98.27B
Accounts receivable - trade, net	5.10B	7.81B	6.52B	14.41B	11.60B	17.61B	25.34B	31.97B	33.04B	40.76B	41.31B	38.06B	40.62B	39.87B	50.28B	49.64B	66.76B	72.48B	80.30B	90.42B
Other receivables	1.85B	2.13B	3.23B	2.85B	3.56B	1.64B	1.59B	6.58B	9.28B	9.66B	8.96B	11.09B	14.15B	5.76B	11.48B	12.04B	13.51B	13.40B	5.71B	7.85B
Total inventory	7.03B	7.76B	11.44B	13.65B	13.91B	16.55B	20.14B	21.60B	23.99B	25.53B	25.58B	28.53B	29.09B	33.58B	35.07B	45.41B	50.88B	48.67B	63.55B	71.08B
Other current assets, total	1.03B	1.14B	1.38B	2.12B	2.31B	4.73B	4.38B	2.40B	2.81B	2.75B	3.03B	3.59B	3.96B	9.58B	6.86B	5.44B	5.20B	9.13B	15.07B	20.96B
Total non-current assets	36.68B	39.69B	46.81B	34.47B	35.40B	47.41B	49.52B	56.66B	66.48B	74.92B	87.96B	119.45B	115.96B	110.93B	101.87B	117.24B	110.97B	114.91B	139.47B	242.88B
Long term investments	1.34B	1.34B	4.82B	523.00M	3.58B	313.00M	368.00M	681.00M	806.00M	3.85B	3.30B	7.05B	4.82B	3.46B	4.83B	8.45B	8.04B	5.36B	5.25B	15.20B
Note receivable - long term	—	—	—	—	—	0	0	0	0	0	—	206.00M	169.00M	113.00M	1.74B	118.00M	54.00M	0	—	—
Investments in unconsolidated subsidiaries	66.46M	69.77M	57.10M	—	—	313.00M	368.00M	472.00M	806.00M	1.03B	1.31B	1.60B	2.10B	2.53B	2.76B	3.38B	4.32B	4.70B	4.19B	4.64B
Other investments	1.27B	1.27B	4.76B	523.00M	3.58B	0	0	209.00M	0	2.82B	1.99B	5.24B	2.55B	813.00M	328.00M	4.96B	3.67B	660.00M	1.07B	10.56B
Net property/plant/equipment	8.90B	11.93B	15.16B	20.63B	25.00B	29.64B	33.25B	37.81B	44.42B	48.09B	53.96B	57.16B	57.87B	54.09B	52.33B	57.11B	62.17B	66.46B	76.89B	97.76B
Gross property/plant/equipment	13.83B	18.28B	22.85B	30.43B	36.99B	44.36B	51.33B	59.03B	70.12B	78.13B	90.14B	100.14B	108.11B	109.65B	115.64B	127.67B	141.90B	152.27B	170.14B	190.38B
Deferred tax assets	26.58M	95.11M	185.62M	376.00M	680.00M	1.94B	1.97B	3.65B	6.05B	5.79B	5.00B	5.58B	3.63B	4.17B	12.21B	10.63B	8.20B	7.20B	10.77B	18.51B
Net intangible assets	26.39B	26.32B	26.64B	12.94B	6.14B	15.25B	13.53B	14.02B	14.70B	16.43B	24.64B	48.68B	48.61B	48.27B	31.65B	40.22B	31.66B	35.09B	41.20B	108.61B
Goodwill, net	20.10B	20.46B	21.07B	8.23B	3.27B	2.18B	2.21B	3.19B	3.43B	3.38B	3.85B	3.75B	3.94B	3.90B	3.99B	4.57B	4.42B	4.25B	4.25B	11.81B
Other intangibles, net	6.29B	5.86B	5.57B	4.70B	2.87B	13.07B	11.32B	10.83B	11.27B	13.05B	20.80B	44.92B	44.66B	44.37B	27.66B	35.65B	27.25B	30.85B	36.95B	96.80B
Other long term assets, total	0	0	0	0	0	276.00M	417.00M	487.00M	495.00M	762.00M	1.06B	983.00M	1.03B	946.00M	844.00M	834.00M	894.00M	800.00M	5.35B	2.79B
Short term debt	9.16B	3.22B	4.79B	5.94B	5.63B	18.30B	15.88B	24.14B	24.00B	28.82B	22.83B	43.74B	25.62B	16.38B	20.80B	24.01B	28.10B	12.19B	14.03B	38.90B
Current portion of LT debt and capital leases	0	11.57M	12.09M	—	—	12.00M	31.00M	5.14B	3.40B	6.96B	110.00M	110.00M	63.00M	4.26B	4.27B	864.00M	1.02B	4.80B	1.31B	857.00M
Short term debt excl. current portion of LT debt	9.16B	3.21B	4.78B	5.94B	5.63B	18.29B	15.84B	19.00B	20.61B	21.86B	22.72B	43.63B	25.56B	12.12B	16.53B	23.14B	27.08B	7.39B	12.72B	38.05B
Accounts payable	8.46B	9.80B	10.27B	15.06B	16.68B	8.48B	9.50B	11.86B	10.50B	10.66B	12.30B	13.42B	16.04B	10.30B	10.74B	12.70B	15.97B	17.86B	21.55B	20.05B
Income tax payable	1.57B	523.11M	335.21M	583.00M	1.31B	1.23B	682.00M	997.00M	1.19B	2.51B	2.58B	1.48B	1.53B	181.00M	573.00M	1.39B	1.61B	2.14B	2.34B	3.03B
Long term debt	22.01B	21.68B	14.89B	14.03B	9.21B	5.27B	16.34B	12.62B	20.74B	14.31B	10.69B	5.45B	25.09B	22.00B	1.30B	6.30B	5.75B	1.28B	5.99B	7.86B
Long term debt excl. lease liabilities	21.79B	21.44B	14.61B	13.74B	8.97B	5.03B	16.07B	11.83B	19.79B	13.53B	9.94B	4.85B	24.46B	21.45B	1.30B	6.30B	5.75B	1.28B	5.99B	7.86B
Total equity	20.69B	39.98B	44.97B	35.26B	37.77B	45.99B	57.44B	72.81B	90.80B	111.30B	128.34B	124.04B	126.46B	140.20B	154.99B	173.06B	190.53B	230.99B	280.55B	337.17B
Shareholders' equity	20.69B	39.97B	44.97B	35.26B	37.77B	45.99B	57.44B	72.78B	90.80B	111.30B	128.34B	124.04B	126.46B	140.20B	154.99B	173.06B	190.53B	230.99B	280.55B	333.39B
Common equity, total	20.69B	39.97B	44.97B	35.26B	37.77B	45.99B	57.44B	72.78B	90.80B	111.30B	128.34B	124.04B	126.46B	140.20B	154.99B	173.06B	190.53B	230.99B	280.55B	333.39B
Other common equity	12.43B	21.61B	26.49B	16.61B	18.89B	4.08B	4.07B	5.91B	3.35B	4.63B	5.33B	7.63B	3.98B	3.04B	2.42B	9.29B	6.30B	6.15B	4.68B	7.89B
Total debt	31.17B	24.91B	19.68B	19.98B	14.84B	23.57B	32.21B	36.76B	44.74B	43.13B	33.51B	49.19B	50.71B	38.38B	22.10B	30.31B	33.84B	13.47B	20.02B	46.77B
Net debt	21.37B	6.30B	12.23B	14.35B	8.24B	17.03B	14.05B	14.12B	10.65B	2.67B	-6.62B	30.79B	29.64B	13.62B	-3.64B	-4.26B	-10.52B	-48.33B	-61.45B	-11.14B
Change in accounts receivable	-2.95B	-3.47B	-567.65M	-7.93B	1.39B	-4.58B	-6.92B	-6.34B	118.00M	-10.90B	833.00M	3.04B	-2.10B	1.80B	-12.45B	2.08B	-17.01B	-5.75B	-8.05B	-10.28B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	—	—	—	1.15B	948.00M	1.84B	-2.13B	55.00M	746.00M	1.89B	2.50B	398.00M	1.58B	2.86B	4.41B	23.00M	3.46B	340.00M
Change in other assets/liabilities	2.28B	1.28B	418.46M	5.04B	4.00B	311.00M	1.36B	-4.78B	-4.41B	1.26B	755.00M	-3.95B	-6.13B	530.00M	4.82B	-3.26B	4.01B	528.00M	2.86B	-7.29B
Sale of fixed assets & businesses	693.26M	115.12M	59.28M	83.00M	60.00M	348.00M	41.00M	64.00M	85.00M	172.00M	84.00M	44.00M	139.00M	1.26B	131.00M	85.00M	370.00M	82.00M	1.06B	512.00M
Purchase/sale of investments, net	-69.43M	-68.94M	-3.38B	4.38B	-3.01B	3.64B	-10.58B	-6.03B	-7.09B	-8.29B	1.02B	21.86B	-4.39B	-2.28B	-214.00M	4.11B	-11.20B	-23.37B	-15.72B	24.80B
Sale/maturity of investments	5.27B	331.87M	12.48B	16.40B	21.10B	12.60B	15.73B	21.85B	37.72B	45.18B	69.27B	71.59B	64.04B	76.29B	111.70B	79.53B	77.77B	112.81B	129.78B	279.58B
Purchase of investments	-5.34B	-400.81M	-15.86B	-12.02B	-24.11B	-8.96B	-26.31B	-27.88B	-44.81B	-53.47B	-68.25B	-49.74B	-68.43B	-78.57B	-111.92B	-75.42B	-88.97B	-136.17B	-145.50B	-254.78B
Other investing cash flow items, total	0	0	0	0	0	0	123.00M	254.00M	29.00M	0	0	0	0	0	259.00M	0	2.95B	0	21.00M	732.00M
Issuance/retirement of debt, net	27.88B	-7.82B	-6.07B	-847.00M	-3.78B	3.60B	7.05B	2.29B	3.88B	353.00M	-11.98B	16.40B	891.00M	-15.18B	-18.68B	6.85B	3.52B	-19.38B	5.49B	24.49B
Issuance/retirement of long term debt	21.61B	-1.90B	-7.61B	-1.89B	-3.65B	3.60B	10.70B	-36.00M	4.82B	-3.71B	-11.71B	-5.22B	18.91B	-56.00M	-22.92B	57.00M	0	0	0	—
Issuance/retirement of short term debt	6.26B	-5.92B	1.53B	1.05B	-135.00M	—	-3.65B	2.33B	-940.00M	4.07B	-273.00M	21.62B	-18.02B	-15.13B	4.24B	6.79B	3.52B	-19.38B	5.49B	24.49B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-436.37M	-437.50M	-737.29M	-738.00M	-1.05B	-3.06B	-2.22B	-2.71B	-2.98B	-3.59B	-4.11B	-3.39B	-3.99B	-4.00B	-3.92B	-4.15B	-4.15B	-4.98B	-6.65B	-6.66B
Other financing cash flow items, total	0	0	0	0	-179.00M	-576.00M	0	-111.00M	-25.00M	0	0	0	0	0	0	0	0	0	0	-1.39B

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	-252.21M	-1.34B	-862.22M	-890.00M	-312.00M	-289.00M	-1.07B	-1.02B	-1.27B	-1.12B	-5.01B	-957.00M	-1.32B	-1.62B	-1.71B	-1.39B	-1.38B	-2.01B	-2.62B	-4.05B
Pretax equity in earnings	-47.97M	-86.53M	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity in earnings	-47.97M	-86.53M	-16.71M	-1.00M	0	3.00M	54.00M	104.00M	174.00M	195.00M	229.00M	349.00M	344.00M	438.00M	561.00M	480.00M	703.00M	370.00M	147.00M	217.00M
Total assets	63.30B	77.18B	77.15B	73.26B	73.61B	95.00B	119.48B	142.37B	170.22B	194.76B	207.65B	219.82B	225.60B	225.43B	232.24B	265.49B	292.83B	321.85B	387.52B	492.99B
Total current assets	26.62B	37.49B	30.34B	38.80B	38.20B	47.59B	69.95B	85.71B	103.75B	119.84B	119.69B	100.38B	109.64B	114.50B	130.37B	148.25B	181.86B	206.94B	248.05B	250.11B
Cash and short term investments	9.80B	18.61B	7.45B	5.62B	6.60B	6.55B	18.16B	22.64B	34.09B	40.45B	40.13B	18.40B	21.07B	24.76B	25.74B	34.57B	44.37B	61.80B	81.47B	57.91B
Cash & equivalents	3.53B	4.04B	2.75B	2.62B	3.33B	5.73B	7.38B	5.14B	8.45B	5.39B	4.92B	3.87B	2.64B	2.23B	2.05B	14.83B	14.85B	5.78B	7.11B	14.65B
Short term investments	6.26B	14.57B	4.70B	3.00B	3.27B	817.00M	10.78B	17.51B	25.64B	35.06B	35.21B	14.53B	18.43B	22.53B	23.69B	19.74B	29.51B	56.02B	74.36B	43.25B
Total receivables, net	6.96B	9.94B	9.75B	17.26B	15.16B	19.26B	26.93B	38.55B	42.32B	50.41B	50.27B	49.15B	54.77B	45.63B	61.75B	61.68B	80.27B	85.89B	86.01B	98.27B
Accounts receivable - trade, net	5.10B	7.81B	6.52B	14.41B	11.60B	17.61B	25.34B	31.97B	33.04B	40.76B	41.31B	38.06B	40.62B	39.87B	50.28B	49.64B	66.76B	72.48B	80.30B	90.42B
Other receivables	1.85B	2.13B	3.23B	2.85B	3.56B	1.64B	1.59B	6.58B	9.28B	9.66B	8.96B	11.09B	14.15B	5.76B	11.48B	12.04B	13.51B	13.40B	5.71B	7.85B
Total inventory	7.03B	7.76B	11.44B	13.65B	13.91B	16.55B	20.14B	21.60B	23.99B	25.53B	25.58B	28.53B	29.09B	33.58B	35.07B	45.41B	50.88B	48.67B	63.55B	71.08B
Other current assets, total	1.03B	1.14B	1.38B	2.12B	2.31B	4.73B	4.38B	2.40B	2.81B	2.75B	3.03B	3.59B	3.96B	9.58B	6.86B	5.44B	5.20B	9.13B	15.07B	20.96B
Total non-current assets	36.68B	39.69B	46.81B	34.47B	35.40B	47.41B	49.52B	56.66B	66.48B	74.92B	87.96B	119.45B	115.96B	110.93B	101.87B	117.24B	110.97B	114.91B	139.47B	242.88B
Long term investments	1.34B	1.34B	4.82B	523.00M	3.58B	313.00M	368.00M	681.00M	806.00M	3.85B	3.30B	7.05B	4.82B	3.46B	4.83B	8.45B	8.04B	5.36B	5.25B	15.20B
Note receivable - long term	—	—	—	—	—	0	0	0	0	0	—	206.00M	169.00M	113.00M	1.74B	118.00M	54.00M	0	—	—
Investments in unconsolidated subsidiaries	66.46M	69.77M	57.10M	—	—	313.00M	368.00M	472.00M	806.00M	1.03B	1.31B	1.60B	2.10B	2.53B	2.76B	3.38B	4.32B	4.70B	4.19B	4.64B
Other investments	1.27B	1.27B	4.76B	523.00M	3.58B	0	0	209.00M	0	2.82B	1.99B	5.24B	2.55B	813.00M	328.00M	4.96B	3.67B	660.00M	1.07B	10.56B
Net property/plant/equipment	8.90B	11.93B	15.16B	20.63B	25.00B	29.64B	33.25B	37.81B	44.42B	48.09B	53.96B	57.16B	57.87B	54.09B	52.33B	57.11B	62.17B	66.46B	76.89B	97.76B
Gross property/plant/equipment	13.83B	18.28B	22.85B	30.43B	36.99B	44.36B	51.33B	59.03B	70.12B	78.13B	90.14B	100.14B	108.11B	109.65B	115.64B	127.67B	141.90B	152.27B	170.14B	190.38B
Deferred tax assets	26.58M	95.11M	185.62M	376.00M	680.00M	1.94B	1.97B	3.65B	6.05B	5.79B	5.00B	5.58B	3.63B	4.17B	12.21B	10.63B	8.20B	7.20B	10.77B	18.51B
Net intangible assets	26.39B	26.32B	26.64B	12.94B	6.14B	15.25B	13.53B	14.02B	14.70B	16.43B	24.64B	48.68B	48.61B	48.27B	31.65B	40.22B	31.66B	35.09B	41.20B	108.61B
Goodwill, net	20.10B	20.46B	21.07B	8.23B	3.27B	2.18B	2.21B	3.19B	3.43B	3.38B	3.85B	3.75B	3.94B	3.90B	3.99B	4.57B	4.42B	4.25B	4.25B	11.81B
Other intangibles, net	6.29B	5.86B	5.57B	4.70B	2.87B	13.07B	11.32B	10.83B	11.27B	13.05B	20.80B	44.92B	44.66B	44.37B	27.66B	35.65B	27.25B	30.85B	36.95B	96.80B
Other long term assets, total	0	0	0	0	0	276.00M	417.00M	487.00M	495.00M	762.00M	1.06B	983.00M	1.03B	946.00M	844.00M	834.00M	894.00M	800.00M	5.35B	2.79B
Short term debt	9.16B	3.22B	4.79B	5.94B	5.63B	18.30B	15.88B	24.14B	24.00B	28.82B	22.83B	43.74B	25.62B	16.38B	20.80B	24.01B	28.10B	12.19B	14.03B	38.90B
Current portion of LT debt and capital leases	0	11.57M	12.09M	—	—	12.00M	31.00M	5.14B	3.40B	6.96B	110.00M	110.00M	63.00M	4.26B	4.27B	864.00M	1.02B	4.80B	1.31B	857.00M
Short term debt excl. current portion of LT debt	9.16B	3.21B	4.78B	5.94B	5.63B	18.29B	15.84B	19.00B	20.61B	21.86B	22.72B	43.63B	25.56B	12.12B	16.53B	23.14B	27.08B	7.39B	12.72B	38.05B
Accounts payable	8.46B	9.80B	10.27B	15.06B	16.68B	8.48B	9.50B	11.86B	10.50B	10.66B	12.30B	13.42B	16.04B	10.30B	10.74B	12.70B	15.97B	17.86B	21.55B	20.05B
Income tax payable	1.57B	523.11M	335.21M	583.00M	1.31B	1.23B	682.00M	997.00M	1.19B	2.51B	2.58B	1.48B	1.53B	181.00M	573.00M	1.39B	1.61B	2.14B	2.34B	3.03B
Long term debt	22.01B	21.68B	14.89B	14.03B	9.21B	5.27B	16.34B	12.62B	20.74B	14.31B	10.69B	5.45B	25.09B	22.00B	1.30B	6.30B	5.75B	1.28B	5.99B	7.86B
Long term debt excl. lease liabilities	21.79B	21.44B	14.61B	13.74B	8.97B	5.03B	16.07B	11.83B	19.79B	13.53B	9.94B	4.85B	24.46B	21.45B	1.30B	6.30B	5.75B	1.28B	5.99B	7.86B
Total equity	20.69B	39.98B	44.97B	35.26B	37.77B	45.99B	57.44B	72.81B	90.80B	111.30B	128.34B	124.04B	126.46B	140.20B	154.99B	173.06B	190.53B	230.99B	280.55B	337.17B
Shareholders' equity	20.69B	39.97B	44.97B	35.26B	37.77B	45.99B	57.44B	72.78B	90.80B	111.30B	128.34B	124.04B	126.46B	140.20B	154.99B	173.06B	190.53B	230.99B	280.55B	333.39B
Common equity, total	20.69B	39.97B	44.97B	35.26B	37.77B	45.99B	57.44B	72.78B	90.80B	111.30B	128.34B	124.04B	126.46B	140.20B	154.99B	173.06B	190.53B	230.99B	280.55B	333.39B
Other common equity	12.43B	21.61B	26.49B	16.61B	18.89B	4.08B	4.07B	5.91B	3.35B	4.63B	5.33B	7.63B	3.98B	3.04B	2.42B	9.29B	6.30B	6.15B	4.68B	7.89B
Total debt	31.17B	24.91B	19.68B	19.98B	14.84B	23.57B	32.21B	36.76B	44.74B	43.13B	33.51B	49.19B	50.71B	38.38B	22.10B	30.31B	33.84B	13.47B	20.02B	46.77B
Net debt	21.37B	6.30B	12.23B	14.35B	8.24B	17.03B	14.05B	14.12B	10.65B	2.67B	-6.62B	30.79B	29.64B	13.62B	-3.64B	-4.26B	-10.52B	-48.33B	-61.45B	-11.14B
Change in accounts receivable	-2.95B	-3.47B	-567.65M	-7.93B	1.39B	-4.58B	-6.92B	-6.34B	118.00M	-10.90B	833.00M	3.04B	-2.10B	1.80B	-12.45B	2.08B	-17.01B	-5.75B	-8.05B	-10.28B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	—	—	—	1.15B	948.00M	1.84B	-2.13B	55.00M	746.00M	1.89B	2.50B	398.00M	1.58B	2.86B	4.41B	23.00M	3.46B	340.00M
Change in other assets/liabilities	2.28B	1.28B	418.46M	5.04B	4.00B	311.00M	1.36B	-4.78B	-4.41B	1.26B	755.00M	-3.95B	-6.13B	530.00M	4.82B	-3.26B	4.01B	528.00M	2.86B	-7.29B
Sale of fixed assets & businesses	693.26M	115.12M	59.28M	83.00M	60.00M	348.00M	41.00M	64.00M	85.00M	172.00M	84.00M	44.00M	139.00M	1.26B	131.00M	85.00M	370.00M	82.00M	1.06B	512.00M
Purchase/sale of investments, net	-69.43M	-68.94M	-3.38B	4.38B	-3.01B	3.64B	-10.58B	-6.03B	-7.09B	-8.29B	1.02B	21.86B	-4.39B	-2.28B	-214.00M	4.11B	-11.20B	-23.37B	-15.72B	24.80B
Sale/maturity of investments	5.27B	331.87M	12.48B	16.40B	21.10B	12.60B	15.73B	21.85B	37.72B	45.18B	69.27B	71.59B	64.04B	76.29B	111.70B	79.53B	77.77B	112.81B	129.78B	279.58B
Purchase of investments	-5.34B	-400.81M	-15.86B	-12.02B	-24.11B	-8.96B	-26.31B	-27.88B	-44.81B	-53.47B	-68.25B	-49.74B	-68.43B	-78.57B	-111.92B	-75.42B	-88.97B	-136.17B	-145.50B	-254.78B
Other investing cash flow items, total	0	0	0	0	0	0	123.00M	254.00M	29.00M	0	0	0	0	0	259.00M	0	2.95B	0	21.00M	732.00M
Issuance/retirement of debt, net	27.88B	-7.82B	-6.07B	-847.00M	-3.78B	3.60B	7.05B	2.29B	3.88B	353.00M	-11.98B	16.40B	891.00M	-15.18B	-18.68B	6.85B	3.52B	-19.38B	5.49B	24.49B
Issuance/retirement of long term debt	21.61B	-1.90B	-7.61B	-1.89B	-3.65B	3.60B	10.70B	-36.00M	4.82B	-3.71B	-11.71B	-5.22B	18.91B	-56.00M	-22.92B	57.00M	0	0	0	—
Issuance/retirement of short term debt	6.26B	-5.92B	1.53B	1.05B	-135.00M	—	-3.65B	2.33B	-940.00M	4.07B	-273.00M	21.62B	-18.02B	-15.13B	4.24B	6.79B	3.52B	-19.38B	5.49B	24.49B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-436.37M	-437.50M	-737.29M	-738.00M	-1.05B	-3.06B	-2.22B	-2.71B	-2.98B	-3.59B	-4.11B	-3.39B	-3.99B	-4.00B	-3.92B	-4.15B	-4.15B	-4.98B	-6.65B	-6.66B
Other financing cash flow items, total	0	0	0	0	-179.00M	-576.00M	0	-111.00M	-25.00M	0	0	0	0	0	0	0	0	0	0	-1.39B