Pidilite Industries Ltd

NSE: PIDILITIND BSE: 500331

₹1487.70

+6.50 (0.44%)

Wed, 28 Oct 2026, 08:50 pm

MTF 5xInvest in Pidilite Industries Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)154206.98

PE Ratio57.29

Dividend0.76

Process Industries

Industrial Specialties

24.5K

Pidilite Industries 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	-15.41M	-66.35M	-190.27M	-360.84M	-328.54M	-314.26M	-259.00M	-213.82M	-116.23M	-103.72M	-132.70M	-139.30M	-141.40M	-75.00M	-175.90M	-234.40M	-342.00M	-373.00M	-511.90M	-503.50M
Pretax equity in earnings	—	—	—	—	—	—	—	—	—	—	32.00M	53.00M	45.90M	—	—	—	—	—	—	—
Equity in earnings	-6.25M	960.00K	8.97M	3.53M	23.70M	16.97M	20.37M	24.12M	30.41M	50.23M	29.28M	—	—	36.00M	30.30M	39.80M	118.80M	66.40M	-40.50M	-32.80M
Total assets	6.45B	8.75B	14.71B	16.87B	18.50B	20.40B	23.74B	25.87B	29.44B	33.36B	37.19B	47.74B	52.04B	59.15B	65.36B	88.30B	95.16B	105.25B	121.04B	140.11B
Total current assets	3.21B	4.71B	8.01B	8.29B	7.43B	9.56B	13.19B	14.67B	16.42B	16.71B	21.51B	31.34B	33.09B	35.82B	37.61B	35.15B	40.16B	45.62B	58.36B	74.62B
Cash and short term investments	161.16M	381.37M	1.72B	1.60B	448.52M	1.04B	3.64B	4.35B	4.13B	3.58B	7.01B	14.90B	12.79B	13.42B	14.23B	6.28B	5.29B	8.58B	24.03B	34.98B
Cash & equivalents	161.13M	381.34M	789.73M	1.51B	443.89M	380.14M	768.18M	649.61M	1.24B	890.46M	1.28B	947.70M	1.60B	1.30B	6.96B	4.45B	3.55B	3.13B	5.17B	3.28B
Short term investments	30.00K	30.00K	928.74M	88.39M	4.63M	658.87M	2.87B	3.70B	2.89B	2.69B	5.73B	13.95B	11.19B	12.12B	7.27B	1.83B	1.74B	5.45B	18.86B	31.71B
Total receivables, net	1.32B	1.90B	2.97B	3.47B	3.74B	4.19B	4.76B	4.91B	5.44B	6.11B	7.59B	8.42B	10.23B	11.43B	12.10B	14.23B	15.31B	16.38B	17.76B	19.60B
Accounts receivable - trade, net	1.13B	1.58B	2.38B	2.88B	2.96B	3.46B	3.95B	4.30B	5.24B	5.86B	7.30B	8.08B	9.89B	11.15B	11.77B	13.93B	15.02B	15.88B	17.33B	18.93B
Other receivables	187.56M	321.39M	593.72M	591.40M	784.20M	733.84M	807.65M	603.82M	193.24M	250.54M	288.70M	344.50M	335.60M	284.70M	332.00M	294.10M	289.50M	501.80M	439.20M	667.30M
Total inventory	1.56B	2.21B	2.99B	2.80B	2.98B	4.09B	4.54B	5.24B	6.30B	6.61B	6.46B	7.42B	8.37B	9.61B	9.75B	12.97B	17.40B	18.64B	14.68B	17.75B
Other current assets, total	88.57M	106.85M	211.16M	402.08M	121.22M	146.24M	150.25M	106.92M	487.82M	302.87M	347.90M	458.10M	1.58B	1.23B	1.39B	1.54B	1.91B	1.76B	1.63B	1.87B
Total non-current assets	3.25B	4.05B	6.70B	8.58B	11.07B	10.84B	10.55B	11.20B	13.03B	16.65B	15.68B	16.40B	18.96B	23.33B	27.75B	53.15B	55.00B	59.63B	62.68B	65.49B
Long term investments	159.62M	159.23M	32.37M	253.66M	2.68B	1.70B	106.00M	109.34M	465.50M	1.17B	1.56B	645.70M	1.61B	4.24B	4.94B	3.78B	3.32B	3.86B	4.03B	4.21B
Note receivable - long term	—	—	—	—	—	—	22.60M	24.38M	84.96M	143.12M	170.30M	93.80M	249.70M	245.40M	241.30M	287.70M	349.10M	336.30M	359.20M	255.40M
Investments in unconsolidated subsidiaries	144.19M	145.14M	21.56M	59.56M	11.79M	54.36M	65.22M	84.14M	111.10M	151.14M	180.90M	220.20M	250.30M	244.30M	253.00M	324.70M	606.60M	950.20M	1.05B	1.00B
Other investments	15.43M	14.09M	10.81M	194.10M	2.67B	1.65B	18.18M	820.00K	269.44M	878.99M	1.21B	331.70M	1.11B	3.75B	4.44B	3.16B	2.37B	2.58B	2.63B	2.96B
Net property/plant/equipment	2.60B	3.25B	5.47B	7.17B	7.40B	8.13B	9.13B	9.94B	10.49B	11.04B	9.20B	9.43B	10.44B	11.75B	15.96B	18.01B	20.16B	24.38B	27.32B	29.88B
Gross property/plant/equipment	4.20B	5.08B	8.09B	10.22B	10.88B	12.09B	13.51B	14.82B	16.01B	17.58B	16.61B	17.68B	19.56B	21.60B	26.90B	30.00B	33.44B	39.01B	42.46B	46.89B
Deferred tax assets	11.61M	17.39M	—	—	—	210.00K	91.98M	116.27M	159.02M	213.18M	50.90M	37.60M	58.60M	107.20M	130.00M	165.90M	212.80M	201.50M	283.40M	277.80M
Net intangible assets	477.13M	615.31M	1.20B	1.17B	992.01M	1.01B	985.95M	811.69M	1.38B	3.36B	3.82B	4.86B	5.40B	5.34B	5.18B	29.75B	29.45B	29.13B	28.96B	28.69B
Goodwill, net	155.08M	190.65M	701.95M	704.50M	614.91M	624.55M	601.36M	454.64M	454.69M	1.24B	1.33B	1.34B	1.77B	1.85B	1.84B	12.84B	12.87B	12.90B	12.82B	12.82B
Other intangibles, net	322.05M	424.66M	500.54M	461.48M	377.10M	383.47M	384.59M	357.05M	929.98M	2.12B	2.48B	3.52B	3.62B	3.49B	3.34B	16.91B	16.59B	16.24B	16.14B	15.87B
Other long term assets, total	0	—	0	0	0	0	231.92M	222.49M	527.78M	861.52M	834.50M	992.10M	1.03B	1.46B	1.54B	1.44B	1.84B	2.02B	2.05B	2.40B
Short term debt	297.82M	859.42M	2.92B	1.36B	666.30M	504.53M	2.28B	1.11B	459.34M	579.17M	744.90M	926.60M	1.17B	1.04B	1.79B	2.38B	3.18B	2.15B	1.89B	2.34B
Current portion of LT debt and capital leases	470.00K	334.21M	1.19B	653.74M	5.86M	9.03M	1.72B	600.00M	0	—	5.01M	—	20.20M	16.90M	354.90M	364.20M	337.00M	517.20M	574.90M	867.30M
Short term debt excl. current portion of LT debt	297.35M	525.21M	1.73B	704.40M	660.44M	495.50M	559.79M	509.92M	459.34M	579.17M	744.90M	926.60M	1.15B	1.03B	1.44B	2.02B	2.84B	1.63B	1.31B	1.47B
Accounts payable	524.86M	863.09M	875.76M	1.04B	1.42B	1.81B	2.06B	2.50B	3.47B	3.32B	3.74B	3.90B	5.44B	5.81B	6.21B	10.07B	10.49B	10.64B	11.48B	13.90B
Income tax payable	44.25M	64.34M	—	75.26M	126.09M	143.69M	156.47M	226.45M	371.25M	133.04M	134.60M	169.60M	137.00M	109.70M	86.70M	250.20M	137.40M	438.20M	282.70M	303.80M
Long term debt	265.40M	589.70M	2.35B	4.73B	4.02B	2.51B	600.00M	0	0	5.00M	55.30M	48.50M	71.10M	85.10M	1.08B	930.70M	977.60M	1.76B	1.94B	2.20B
Long term debt excl. lease liabilities	265.40M	589.70M	2.35B	4.73B	4.02B	2.51B	600.00M	0	0	5.00M	55.30M	48.50M	71.10M	85.10M	1.08B	930.70M	977.60M	1.76B	1.94B	2.20B
Total equity	4.15B	4.82B	6.21B	6.94B	8.71B	10.84B	13.20B	16.52B	19.56B	22.75B	26.80B	35.97B	37.48B	43.54B	46.70B	58.32B	66.02B	74.45B	86.16B	99.57B
Shareholders' equity	4.13B	4.81B	6.20B	6.93B	8.71B	10.84B	13.20B	16.51B	19.52B	22.70B	26.37B	34.70B	35.73B	41.47B	44.55B	55.92B	64.03B	72.11B	84.06B	97.53B
Common equity, total	4.13B	4.81B	6.17B	6.93B	8.71B	10.84B	13.20B	16.51B	19.52B	22.70B	26.37B	34.70B	35.73B	41.47B	44.55B	55.92B	64.03B	72.11B	84.06B	97.53B
Other common equity	3.88B	4.55B	5.92B	6.68B	7.93B	10.33B	12.54B	15.34B	17.37B	18.09B	17.80B	17.85B	13.53B	13.60B	13.76B	13.80B	13.77B	14.02B	14.46B	15.28B
Total debt	563.22M	1.45B	5.26B	6.09B	4.69B	3.01B	2.88B	1.11B	459.34M	584.17M	800.20M	975.10M	1.25B	1.13B	2.88B	3.31B	4.16B	3.91B	3.82B	4.54B
Net debt	402.06M	1.07B	—	4.49B	4.24B	1.97B	-764.10M	-3.24B	-3.67B	-3.00B	-6.21B	-13.92B	-11.54B	-12.29B	-11.35B	-2.97B	-1.13B	-4.67B	-20.21B	-30.44B
Change in accounts receivable	-41.13M	-451.47M	-998.65M	-259.25M	-40.79M	-752.42M	-869.34M	-332.94M	-899.44M	-680.89M	-938.90M	-719.20M	-1.47B	-1.27B	-428.40M	-1.75B	-1.23B	-938.50M	-1.53B	-1.65B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	—	—	—	—	321.95M	443.36M	956.47M	-134.74M	166.90M	152.70M	1.30B	307.00M	417.00M	3.55B	759.60M	315.70M	1.03B	2.39B
Change in other assets/liabilities	227.51M	467.43M	504.72M	286.89M	902.47M	854.93M	1.72B	558.98M	-809.54M	635.85M	272.30M	-14.70M	-964.80M	530.50M	576.60M	1.26B	-31.10M	1.27B	2.36B	35.80M
Sale of fixed assets & businesses	1.13M	99.45M	25.67M	13.98M	10.88M	13.79M	10.01M	98.29M	1.39M	8.27M	384.60M	913.50M	244.70M	87.70M	232.00M	17.60M	7.70M	76.30M	529.60M	42.70M
Purchase/sale of investments, net	32.98M	-1.10M	20.82M	-219.55M	-2.38B	903.57M	-875.03M	-677.86M	760.89M	-807.36M	-2.59B	-6.62B	2.95B	-2.79B	5.23B	7.03B	723.60M	-4.07B	-12.76B	-10.98B
Sale/maturity of investments	970.83M	972.54M	1.29B	1.91B	8.14B	12.76B	13.23B	16.56B	11.91B	14.22B	20.50B	24.96B	24.64B	20.85B	19.63B	36.40B	1.73B	14.48B	14.41B	34.22B
Purchase of investments	-937.84M	-973.64M	-1.27B	-2.13B	-10.52B	-11.86B	-14.11B	-17.24B	-11.15B	-15.03B	-23.09B	-31.58B	-21.69B	-23.64B	-14.40B	-29.37B	-1.01B	-18.55B	-27.18B	-45.20B
Other investing cash flow items, total	0	0	0	0	0	0	0	16.41M	0	428.60M	-718.70M	-1.08B	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	-64.02M	216.39M	3.49B	275.17M	-1.12B	-1.32B	-1.63B	-1.60B	-653.01M	124.83M	116.20M	55.10M	-4.30M	-91.50M	328.00M	168.00M	845.80M	-805.30M	-129.50M	349.60M
Issuance/retirement of long term debt	52.34M	57.72M	2.36B	1.04B	-353.51M	-1.15B	-1.69B	-1.55B	-602.43M	5.00M	50.30M	-6.80M	39.20M	10.70M	220.30M	-111.30M	-181.30M	-29.70M	0	0
Issuance/retirement of short term debt	-116.36M	158.67M	1.14B	-761.60M	-765.67M	-173.55M	60.21M	-49.87M	-50.58M	119.83M	65.90M	61.90M	-43.50M	-102.20M	107.70M	279.30M	1.03B	-775.60M	-129.50M	349.60M
Issuance/retirement of other debt	—	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-287.98M	0	-442.47M	-512.74M	-518.52M	-885.07M	-1.03B	-1.12B	-1.56B	-1.62B	-4.03B	-316.30M	-2.93B	-3.63B	-8.25B	-6.90M	-4.32B	-5.08B	-5.60B	-8.13B
Other financing cash flow items, total	0	310.02M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

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	-15.41M	-66.35M	-190.27M	-360.84M	-328.54M	-314.26M	-259.00M	-213.82M	-116.23M	-103.72M	-132.70M	-139.30M	-141.40M	-75.00M	-175.90M	-234.40M	-342.00M	-373.00M	-511.90M	-503.50M
Pretax equity in earnings	—	—	—	—	—	—	—	—	—	—	32.00M	53.00M	45.90M	—	—	—	—	—	—	—
Equity in earnings	-6.25M	960.00K	8.97M	3.53M	23.70M	16.97M	20.37M	24.12M	30.41M	50.23M	29.28M	—	—	36.00M	30.30M	39.80M	118.80M	66.40M	-40.50M	-32.80M
Total assets	6.45B	8.75B	14.71B	16.87B	18.50B	20.40B	23.74B	25.87B	29.44B	33.36B	37.19B	47.74B	52.04B	59.15B	65.36B	88.30B	95.16B	105.25B	121.04B	140.11B
Total current assets	3.21B	4.71B	8.01B	8.29B	7.43B	9.56B	13.19B	14.67B	16.42B	16.71B	21.51B	31.34B	33.09B	35.82B	37.61B	35.15B	40.16B	45.62B	58.36B	74.62B
Cash and short term investments	161.16M	381.37M	1.72B	1.60B	448.52M	1.04B	3.64B	4.35B	4.13B	3.58B	7.01B	14.90B	12.79B	13.42B	14.23B	6.28B	5.29B	8.58B	24.03B	34.98B
Cash & equivalents	161.13M	381.34M	789.73M	1.51B	443.89M	380.14M	768.18M	649.61M	1.24B	890.46M	1.28B	947.70M	1.60B	1.30B	6.96B	4.45B	3.55B	3.13B	5.17B	3.28B
Short term investments	30.00K	30.00K	928.74M	88.39M	4.63M	658.87M	2.87B	3.70B	2.89B	2.69B	5.73B	13.95B	11.19B	12.12B	7.27B	1.83B	1.74B	5.45B	18.86B	31.71B
Total receivables, net	1.32B	1.90B	2.97B	3.47B	3.74B	4.19B	4.76B	4.91B	5.44B	6.11B	7.59B	8.42B	10.23B	11.43B	12.10B	14.23B	15.31B	16.38B	17.76B	19.60B
Accounts receivable - trade, net	1.13B	1.58B	2.38B	2.88B	2.96B	3.46B	3.95B	4.30B	5.24B	5.86B	7.30B	8.08B	9.89B	11.15B	11.77B	13.93B	15.02B	15.88B	17.33B	18.93B
Other receivables	187.56M	321.39M	593.72M	591.40M	784.20M	733.84M	807.65M	603.82M	193.24M	250.54M	288.70M	344.50M	335.60M	284.70M	332.00M	294.10M	289.50M	501.80M	439.20M	667.30M
Total inventory	1.56B	2.21B	2.99B	2.80B	2.98B	4.09B	4.54B	5.24B	6.30B	6.61B	6.46B	7.42B	8.37B	9.61B	9.75B	12.97B	17.40B	18.64B	14.68B	17.75B
Other current assets, total	88.57M	106.85M	211.16M	402.08M	121.22M	146.24M	150.25M	106.92M	487.82M	302.87M	347.90M	458.10M	1.58B	1.23B	1.39B	1.54B	1.91B	1.76B	1.63B	1.87B
Total non-current assets	3.25B	4.05B	6.70B	8.58B	11.07B	10.84B	10.55B	11.20B	13.03B	16.65B	15.68B	16.40B	18.96B	23.33B	27.75B	53.15B	55.00B	59.63B	62.68B	65.49B
Long term investments	159.62M	159.23M	32.37M	253.66M	2.68B	1.70B	106.00M	109.34M	465.50M	1.17B	1.56B	645.70M	1.61B	4.24B	4.94B	3.78B	3.32B	3.86B	4.03B	4.21B
Note receivable - long term	—	—	—	—	—	—	22.60M	24.38M	84.96M	143.12M	170.30M	93.80M	249.70M	245.40M	241.30M	287.70M	349.10M	336.30M	359.20M	255.40M
Investments in unconsolidated subsidiaries	144.19M	145.14M	21.56M	59.56M	11.79M	54.36M	65.22M	84.14M	111.10M	151.14M	180.90M	220.20M	250.30M	244.30M	253.00M	324.70M	606.60M	950.20M	1.05B	1.00B
Other investments	15.43M	14.09M	10.81M	194.10M	2.67B	1.65B	18.18M	820.00K	269.44M	878.99M	1.21B	331.70M	1.11B	3.75B	4.44B	3.16B	2.37B	2.58B	2.63B	2.96B
Net property/plant/equipment	2.60B	3.25B	5.47B	7.17B	7.40B	8.13B	9.13B	9.94B	10.49B	11.04B	9.20B	9.43B	10.44B	11.75B	15.96B	18.01B	20.16B	24.38B	27.32B	29.88B
Gross property/plant/equipment	4.20B	5.08B	8.09B	10.22B	10.88B	12.09B	13.51B	14.82B	16.01B	17.58B	16.61B	17.68B	19.56B	21.60B	26.90B	30.00B	33.44B	39.01B	42.46B	46.89B
Deferred tax assets	11.61M	17.39M	—	—	—	210.00K	91.98M	116.27M	159.02M	213.18M	50.90M	37.60M	58.60M	107.20M	130.00M	165.90M	212.80M	201.50M	283.40M	277.80M
Net intangible assets	477.13M	615.31M	1.20B	1.17B	992.01M	1.01B	985.95M	811.69M	1.38B	3.36B	3.82B	4.86B	5.40B	5.34B	5.18B	29.75B	29.45B	29.13B	28.96B	28.69B
Goodwill, net	155.08M	190.65M	701.95M	704.50M	614.91M	624.55M	601.36M	454.64M	454.69M	1.24B	1.33B	1.34B	1.77B	1.85B	1.84B	12.84B	12.87B	12.90B	12.82B	12.82B
Other intangibles, net	322.05M	424.66M	500.54M	461.48M	377.10M	383.47M	384.59M	357.05M	929.98M	2.12B	2.48B	3.52B	3.62B	3.49B	3.34B	16.91B	16.59B	16.24B	16.14B	15.87B
Other long term assets, total	0	—	0	0	0	0	231.92M	222.49M	527.78M	861.52M	834.50M	992.10M	1.03B	1.46B	1.54B	1.44B	1.84B	2.02B	2.05B	2.40B
Short term debt	297.82M	859.42M	2.92B	1.36B	666.30M	504.53M	2.28B	1.11B	459.34M	579.17M	744.90M	926.60M	1.17B	1.04B	1.79B	2.38B	3.18B	2.15B	1.89B	2.34B
Current portion of LT debt and capital leases	470.00K	334.21M	1.19B	653.74M	5.86M	9.03M	1.72B	600.00M	0	—	5.01M	—	20.20M	16.90M	354.90M	364.20M	337.00M	517.20M	574.90M	867.30M
Short term debt excl. current portion of LT debt	297.35M	525.21M	1.73B	704.40M	660.44M	495.50M	559.79M	509.92M	459.34M	579.17M	744.90M	926.60M	1.15B	1.03B	1.44B	2.02B	2.84B	1.63B	1.31B	1.47B
Accounts payable	524.86M	863.09M	875.76M	1.04B	1.42B	1.81B	2.06B	2.50B	3.47B	3.32B	3.74B	3.90B	5.44B	5.81B	6.21B	10.07B	10.49B	10.64B	11.48B	13.90B
Income tax payable	44.25M	64.34M	—	75.26M	126.09M	143.69M	156.47M	226.45M	371.25M	133.04M	134.60M	169.60M	137.00M	109.70M	86.70M	250.20M	137.40M	438.20M	282.70M	303.80M
Long term debt	265.40M	589.70M	2.35B	4.73B	4.02B	2.51B	600.00M	0	0	5.00M	55.30M	48.50M	71.10M	85.10M	1.08B	930.70M	977.60M	1.76B	1.94B	2.20B
Long term debt excl. lease liabilities	265.40M	589.70M	2.35B	4.73B	4.02B	2.51B	600.00M	0	0	5.00M	55.30M	48.50M	71.10M	85.10M	1.08B	930.70M	977.60M	1.76B	1.94B	2.20B
Total equity	4.15B	4.82B	6.21B	6.94B	8.71B	10.84B	13.20B	16.52B	19.56B	22.75B	26.80B	35.97B	37.48B	43.54B	46.70B	58.32B	66.02B	74.45B	86.16B	99.57B
Shareholders' equity	4.13B	4.81B	6.20B	6.93B	8.71B	10.84B	13.20B	16.51B	19.52B	22.70B	26.37B	34.70B	35.73B	41.47B	44.55B	55.92B	64.03B	72.11B	84.06B	97.53B
Common equity, total	4.13B	4.81B	6.17B	6.93B	8.71B	10.84B	13.20B	16.51B	19.52B	22.70B	26.37B	34.70B	35.73B	41.47B	44.55B	55.92B	64.03B	72.11B	84.06B	97.53B
Other common equity	3.88B	4.55B	5.92B	6.68B	7.93B	10.33B	12.54B	15.34B	17.37B	18.09B	17.80B	17.85B	13.53B	13.60B	13.76B	13.80B	13.77B	14.02B	14.46B	15.28B
Total debt	563.22M	1.45B	5.26B	6.09B	4.69B	3.01B	2.88B	1.11B	459.34M	584.17M	800.20M	975.10M	1.25B	1.13B	2.88B	3.31B	4.16B	3.91B	3.82B	4.54B
Net debt	402.06M	1.07B	—	4.49B	4.24B	1.97B	-764.10M	-3.24B	-3.67B	-3.00B	-6.21B	-13.92B	-11.54B	-12.29B	-11.35B	-2.97B	-1.13B	-4.67B	-20.21B	-30.44B
Change in accounts receivable	-41.13M	-451.47M	-998.65M	-259.25M	-40.79M	-752.42M	-869.34M	-332.94M	-899.44M	-680.89M	-938.90M	-719.20M	-1.47B	-1.27B	-428.40M	-1.75B	-1.23B	-938.50M	-1.53B	-1.65B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	—	—	—	—	321.95M	443.36M	956.47M	-134.74M	166.90M	152.70M	1.30B	307.00M	417.00M	3.55B	759.60M	315.70M	1.03B	2.39B
Change in other assets/liabilities	227.51M	467.43M	504.72M	286.89M	902.47M	854.93M	1.72B	558.98M	-809.54M	635.85M	272.30M	-14.70M	-964.80M	530.50M	576.60M	1.26B	-31.10M	1.27B	2.36B	35.80M
Sale of fixed assets & businesses	1.13M	99.45M	25.67M	13.98M	10.88M	13.79M	10.01M	98.29M	1.39M	8.27M	384.60M	913.50M	244.70M	87.70M	232.00M	17.60M	7.70M	76.30M	529.60M	42.70M
Purchase/sale of investments, net	32.98M	-1.10M	20.82M	-219.55M	-2.38B	903.57M	-875.03M	-677.86M	760.89M	-807.36M	-2.59B	-6.62B	2.95B	-2.79B	5.23B	7.03B	723.60M	-4.07B	-12.76B	-10.98B
Sale/maturity of investments	970.83M	972.54M	1.29B	1.91B	8.14B	12.76B	13.23B	16.56B	11.91B	14.22B	20.50B	24.96B	24.64B	20.85B	19.63B	36.40B	1.73B	14.48B	14.41B	34.22B
Purchase of investments	-937.84M	-973.64M	-1.27B	-2.13B	-10.52B	-11.86B	-14.11B	-17.24B	-11.15B	-15.03B	-23.09B	-31.58B	-21.69B	-23.64B	-14.40B	-29.37B	-1.01B	-18.55B	-27.18B	-45.20B
Other investing cash flow items, total	0	0	0	0	0	0	0	16.41M	0	428.60M	-718.70M	-1.08B	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	-64.02M	216.39M	3.49B	275.17M	-1.12B	-1.32B	-1.63B	-1.60B	-653.01M	124.83M	116.20M	55.10M	-4.30M	-91.50M	328.00M	168.00M	845.80M	-805.30M	-129.50M	349.60M
Issuance/retirement of long term debt	52.34M	57.72M	2.36B	1.04B	-353.51M	-1.15B	-1.69B	-1.55B	-602.43M	5.00M	50.30M	-6.80M	39.20M	10.70M	220.30M	-111.30M	-181.30M	-29.70M	0	0
Issuance/retirement of short term debt	-116.36M	158.67M	1.14B	-761.60M	-765.67M	-173.55M	60.21M	-49.87M	-50.58M	119.83M	65.90M	61.90M	-43.50M	-102.20M	107.70M	279.30M	1.03B	-775.60M	-129.50M	349.60M
Issuance/retirement of other debt	—	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-287.98M	0	-442.47M	-512.74M	-518.52M	-885.07M	-1.03B	-1.12B	-1.56B	-1.62B	-4.03B	-316.30M	-2.93B	-3.63B	-8.25B	-6.90M	-4.32B	-5.08B	-5.60B	-8.13B
Other financing cash flow items, total	0	310.02M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0