Salzer Electronics Ltd

NSE: SALZERELEC BSE: 517059

₹496.85

-9.80 (1.93%)

Sun, 25 Oct 2026, 03:50 am

MTF 5xInvest in Salzer Electronics Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)895.72

PE Ratio20.10

Dividend0.49

Producer Manufacturing

Electrical Products

24.5K

Salzer Electronics 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	-16.64M	-21.57M	-26.42M	-50.97M	-54.72M	-63.72M	-115.92M	-117.66M	-119.41M	-123.43M	-131.36M	-145.93M	-149.12M	-198.85M	-212.21M	-213.45M	-198.76M	-261.19M	-340.86M	-411.37M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	—	0	0	0	0	0	0	0	0	—
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-210.00K
Total assets	506.17M	640.76M	819.57M	1.28B	1.60B	1.83B	2.13B	2.22B	2.33B	2.75B	3.75B	4.54B	5.37B	5.68B	6.23B	6.92B	7.60B	9.04B	10.03B	11.89B
Total current assets	293.41M	404.72M	497.16M	744.60M	1.01B	1.22B	1.44B	1.49B	1.57B	1.86B	2.39B	2.71B	3.28B	3.50B	3.69B	4.31B	4.98B	6.28B	7.13B	8.44B
Cash and short term investments	66.31M	15.40M	52.93M	81.80M	123.98M	103.53M	145.57M	118.67M	126.28M	98.41M	245.77M	162.60M	122.22M	171.16M	140.46M	178.35M	148.46M	216.16M	190.34M	180.58M
Cash & equivalents	66.31M	15.40M	12.67M	11.21M	33.90M	41.41M	44.19M	17.27M	31.12M	74.40M	122.63M	110.24M	76.62M	109.54M	58.33M	96.85M	64.14M	118.65M	40.06M	43.10M
Short term investments	0	0	40.26M	70.59M	90.08M	62.12M	101.38M	101.40M	95.16M	24.01M	123.14M	52.36M	45.60M	61.62M	82.13M	81.50M	84.32M	97.52M	150.28M	137.48M
Total receivables, net	122.32M	232.42M	295.63M	402.31M	594.74M	730.71M	759.77M	738.45M	652.33M	871.84M	1.09B	1.47B	1.44B	1.74B	1.81B	2.13B	2.37B	3.10B	3.52B	4.08B
Accounts receivable - trade, net	85.06M	138.48M	194.97M	267.93M	425.78M	527.80M	593.42M	610.78M	576.52M	778.99M	997.56M	1.17B	1.17B	1.46B	1.52B	1.88B	2.18B	2.87B	3.43B	4.05B
Other receivables	37.27M	93.94M	100.66M	134.38M	168.96M	202.91M	166.35M	127.67M	75.81M	92.85M	95.23M	303.73M	265.96M	280.12M	286.47M	246.67M	181.79M	224.62M	90.65M	27.76M
Total inventory	75.12M	104.55M	143.87M	252.01M	294.14M	388.63M	469.42M	540.47M	578.09M	710.83M	699.50M	971.05M	1.43B	1.50B	1.65B	1.88B	2.34B	2.82B	3.17B	3.85B
Other current assets, total	29.34M	52.06M	4.02M	7.50M	0	0	68.06M	85.98M	207.86M	176.43M	351.43M	101.19M	271.01M	76.77M	77.98M	112.10M	119.58M	130.42M	233.88M	307.28M
Total non-current assets	212.76M	236.05M	322.41M	539.31M	583.57M	610.58M	687.90M	731.20M	760.63M	892.45M	1.36B	1.83B	2.10B	2.18B	2.54B	2.61B	2.62B	2.76B	2.90B	3.45B
Long term investments	32.67M	19.01M	57.55M	48.38M	48.38M	48.38M	55.38M	56.00M	71.21M	57.84M	247.48M	312.58M	331.24M	195.82M	239.60M	277.86M	224.50M	144.56M	1.32M	112.92M
Note receivable - long term	—	—	—	—	—	—	7.00M	7.00M	3.00M	2.04M	192.67M	304.63M	322.51M	189.01M	230.84M	270.94M	215.78M	135.34M	96.62M	—
Investments in unconsolidated subsidiaries	13.31M	13.31M	51.85M	42.68M	0	0	48.28M	48.90M	48.47M	41.85M	28.35M	0	0	0	0	0	0	0	0	0
Other investments	19.36M	5.70M	5.70M	5.70M	48.38M	48.38M	103.50K	103.50K	19.74M	13.95M	26.46M	7.95M	8.73M	6.80M	8.76M	6.92M	8.72M	9.22M	1.32M	112.92M
Net property/plant/equipment	177.66M	217.03M	264.86M	490.93M	535.20M	562.20M	620.93M	657.55M	677.30M	825.99M	1.09B	1.48B	1.70B	1.90B	2.10B	2.13B	2.19B	2.40B	2.66B	3.08B
Gross property/plant/equipment	330.64M	385.58M	465.95M	738.50M	835.21M	928.45M	1.06B	1.19B	1.26B	1.49B	1.79B	1.57B	1.89B	2.21B	2.29B	2.46B	3.74B	4.10B	4.56B	5.16B
Deferred tax assets	0	0	0	0	—	—	5.68M	6.20M	5.60M	901.21K	—	117.00K	2.60M	19.63M	60.43M	69.32M	74.06M	84.98M	95.32M	96.70M
Net intangible assets	0	0	0	0	0	0	0	4.71M	6.52M	7.72M	13.03M	22.65M	45.87M	46.18M	114.09M	110.73M	108.08M	105.69M	107.75M	113.61M
Goodwill, net	—	—	—	—	0	0	0	0	0	0	0	0	23.52M	23.52M	93.31M	92.92M	92.92M	88.54M	77.34M	73.16M
Other intangibles, net	—	—	—	—	0	0	0	4.71M	6.52M	7.72M	13.03M	22.65M	22.35M	22.66M	20.78M	17.81M	15.16M	17.15M	30.41M	40.46M
Other long term assets, total	0	0	0	0	0	0	5.91M	6.74M	0	0	9.30M	10.69M	16.67M	17.46M	23.01M	21.80M	20.77M	23.45M	31.10M	46.10M
Short term debt	83.57M	136.62M	182.84M	287.36M	343.82M	482.59M	544.97M	698.95M	779.72M	792.70M	916.96M	1.14B	1.38B	1.43B	1.61B	1.88B	2.40B	2.70B	2.95B	3.96B
Current portion of LT debt and capital leases	0	0	0	0	0	0	21.43M	18.51M	31.67M	42.65M	103.65M	106.81M	102.01M	78.69M	47.11M	46.26M	46.26M	50.71M	55.49M	101.56M
Short term debt excl. current portion of LT debt	83.57M	136.62M	182.84M	287.36M	343.82M	482.59M	523.54M	680.44M	748.05M	750.04M	813.31M	1.03B	1.28B	1.36B	1.56B	1.83B	2.35B	2.65B	2.90B	3.86B
Accounts payable	41.99M	85.43M	69.32M	175.70M	365.87M	406.35M	213.31M	232.29M	216.10M	265.06M	329.11M	284.17M	363.09M	538.29M	540.91M	631.64M	762.24M	1.12B	1.04B	1.51B
Income tax payable	2.44M	7.28M	10.00M	12.55M	19.56M	22.26M	25.68M	23.93M	44.99M	55.05M	77.93M	17.78M	9.76M	16.52M	-670.00K	14.47M	0	507.00K	24.49M	20.29M
Long term debt	93.47M	94.07M	89.82M	133.22M	116.56M	91.91M	94.95M	80.98M	47.49M	175.75M	176.79M	118.25M	76.52M	42.11M	177.76M	162.67M	124.07M	119.15M	166.15M	253.66M
Long term debt excl. lease liabilities	92.56M	94.07M	89.82M	133.22M	116.56M	91.91M	94.95M	80.98M	47.49M	175.75M	176.79M	118.25M	76.52M	42.11M	177.76M	162.67M	124.07M	119.15M	166.15M	253.66M
Total equity	268.37M	295.79M	434.04M	632.92M	703.33M	774.25M	844.47M	900.66M	967.04M	1.07B	1.91B	2.33B	2.71B	2.87B	3.14B	3.36B	3.58B	4.13B	4.80B	5.53B
Shareholders' equity	268.37M	295.79M	434.04M	632.92M	703.33M	774.25M	844.47M	900.66M	967.04M	1.07B	1.91B	2.33B	2.71B	2.87B	3.10B	3.32B	3.54B	4.08B	4.73B	5.44B
Common equity, total	268.37M	295.79M	434.04M	632.92M	703.33M	774.25M	844.47M	900.66M	967.04M	1.07B	1.91B	2.33B	2.71B	2.87B	3.10B	3.32B	3.54B	4.08B	4.73B	5.44B
Other common equity	80.67M	101.06M	139.04M	277.16M	347.57M	418.50M	488.71M	544.90M	185.77M	192.69M	194.62M	210.68M	218.58M	208.14M	203.46M	222.79M	230.31M	359.05M	269.37M	253.66M
Total debt	177.04M	230.69M	272.66M	420.57M	460.38M	574.49M	639.92M	779.93M	827.21M	968.44M	1.09B	1.26B	1.46B	1.48B	1.79B	2.04B	2.52B	2.82B	3.12B	4.22B
Net debt	110.74M	215.29M	—	338.77M	336.40M	470.96M	494.35M	661.26M	700.93M	870.03M	847.99M	1.09B	1.33B	1.31B	1.65B	1.86B	2.38B	2.60B	2.93B	4.03B
Change in accounts receivable	-61.21M	-120.40M	-55.87M	-110.43M	-152.58M	-114.04M	-72.00M	-10.64M	38.26M	-202.47M	-218.57M	-311.13M	-173.25M	-120.08M	-82.42M	-425.07M	-181.82M	-688.87M	-487.35M	-553.12M
Change in taxes payable	—	—	—	—	0	0	—	0	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	-14.42M	106.74M	157.42M	54.22M	141.53M	-41.66M	-3.81M	40.41M	57.89M	176.78M	218.57M	95.78M	-16.80M	189.96M	93.66M	323.72M	-83.64M	536.66M
Change in other assets/liabilities	19.01M	48.02M	2.20M	29.16M	982.00K	-18.21M	15.42M	-51.98M	-121.39M	173.76M	-379.34M	0	0	0	0	-8.63M	-143.37M	214.18M	-73.45M	-535.03M
Sale of fixed assets & businesses	0	125.00K	788.00K	520.00K	28.99M	4.32M	17.50M	0	6.19M	150.00K	1.98M	10.44M	27.33M	3.88M	4.40M	4.25M	3.87M	25.00K	4.37M	35.76M
Purchase/sale of investments, net	-60.32M	5.04M	-38.53M	9.17M	0	0	0	-1.38M	-2.31M	4.46M	8.42M	146.94M	16.45M	-5.73M	5.63M	-2.78M	12.26M	-379.19M	-447.47M	-808.46M
Sale/maturity of investments	27.00K	5.04M	0	10.00M	0	0	0	0	282.00K	4.46M	8.42M	146.94M	16.45M	32.00K	5.63M	1.09M	12.26M	4.93M	12.87M	31.05M
Purchase of investments	-60.34M	0	-38.53M	-832.00K	0	0	0	-1.38M	-2.60M	0	0	0	0	-5.76M	0	-3.87M	0	-384.12M	-460.33M	-839.51M
Other investing cash flow items, total	6.96M	67.32M	9.12M	6.65M	6.58M	10.40M	0	0	0	798.64K	-117.97M	1.55M	1.45M	1.39M	7.33M	17.46M	12.92M	30.88M	34.33M	7.31M
Issuance/retirement of debt, net	35.12M	52.02M	41.98M	147.81M	39.81M	114.11M	43.62M	132.06M	90.56M	130.25M	66.77M	158.62M	205.57M	43.81M	342.23M	270.21M	521.24M	288.84M	307.03M	1.10B
Issuance/retirement of long term debt	3.85M	-1.03M	-4.25M	43.30M	-16.66M	-24.66M	2.66M	-24.83M	22.95M	128.25M	3.50M	-58.54M	-41.73M	-34.41M	135.65M	0	0	-4.87M	52.21M	93.28M
Issuance/retirement of short term debt	31.27M	53.05M	46.23M	104.51M	56.46M	138.77M	40.96M	156.90M	67.61M	2.00M	63.27M	217.16M	247.30M	0	206.58M	270.21M	521.24M	293.70M	254.82M	1.01B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	0	0	78.22M	—	—	—	—	—	—
Total cash dividends paid	-8.80M	-6.54M	-10.97M	-11.48M	-19.25M	-19.19M	-19.19M	-14.34M	-14.17M	-18.05M	-24.41M	-26.47M	-27.92M	-30.76M	-34.71M	-1.90M	-1.90M	-28.77M	-37.70M	-45.89M
Other financing cash flow items, total	-1.18M	0	0	36.94M	0	0	0	0	0	2.51M	-7.36M	39.34M	19.42M	-6.72M	28.38M	-10.76M	-59.26M	177.34M	5.94M	29.79M

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	-16.64M	-21.57M	-26.42M	-50.97M	-54.72M	-63.72M	-115.92M	-117.66M	-119.41M	-123.43M	-131.36M	-145.93M	-149.12M	-198.85M	-212.21M	-213.45M	-198.76M	-261.19M	-340.86M	-411.37M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	—	0	0	0	0	0	0	0	0	—
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-210.00K
Total assets	506.17M	640.76M	819.57M	1.28B	1.60B	1.83B	2.13B	2.22B	2.33B	2.75B	3.75B	4.54B	5.37B	5.68B	6.23B	6.92B	7.60B	9.04B	10.03B	11.89B
Total current assets	293.41M	404.72M	497.16M	744.60M	1.01B	1.22B	1.44B	1.49B	1.57B	1.86B	2.39B	2.71B	3.28B	3.50B	3.69B	4.31B	4.98B	6.28B	7.13B	8.44B
Cash and short term investments	66.31M	15.40M	52.93M	81.80M	123.98M	103.53M	145.57M	118.67M	126.28M	98.41M	245.77M	162.60M	122.22M	171.16M	140.46M	178.35M	148.46M	216.16M	190.34M	180.58M
Cash & equivalents	66.31M	15.40M	12.67M	11.21M	33.90M	41.41M	44.19M	17.27M	31.12M	74.40M	122.63M	110.24M	76.62M	109.54M	58.33M	96.85M	64.14M	118.65M	40.06M	43.10M
Short term investments	0	0	40.26M	70.59M	90.08M	62.12M	101.38M	101.40M	95.16M	24.01M	123.14M	52.36M	45.60M	61.62M	82.13M	81.50M	84.32M	97.52M	150.28M	137.48M
Total receivables, net	122.32M	232.42M	295.63M	402.31M	594.74M	730.71M	759.77M	738.45M	652.33M	871.84M	1.09B	1.47B	1.44B	1.74B	1.81B	2.13B	2.37B	3.10B	3.52B	4.08B
Accounts receivable - trade, net	85.06M	138.48M	194.97M	267.93M	425.78M	527.80M	593.42M	610.78M	576.52M	778.99M	997.56M	1.17B	1.17B	1.46B	1.52B	1.88B	2.18B	2.87B	3.43B	4.05B
Other receivables	37.27M	93.94M	100.66M	134.38M	168.96M	202.91M	166.35M	127.67M	75.81M	92.85M	95.23M	303.73M	265.96M	280.12M	286.47M	246.67M	181.79M	224.62M	90.65M	27.76M
Total inventory	75.12M	104.55M	143.87M	252.01M	294.14M	388.63M	469.42M	540.47M	578.09M	710.83M	699.50M	971.05M	1.43B	1.50B	1.65B	1.88B	2.34B	2.82B	3.17B	3.85B
Other current assets, total	29.34M	52.06M	4.02M	7.50M	0	0	68.06M	85.98M	207.86M	176.43M	351.43M	101.19M	271.01M	76.77M	77.98M	112.10M	119.58M	130.42M	233.88M	307.28M
Total non-current assets	212.76M	236.05M	322.41M	539.31M	583.57M	610.58M	687.90M	731.20M	760.63M	892.45M	1.36B	1.83B	2.10B	2.18B	2.54B	2.61B	2.62B	2.76B	2.90B	3.45B
Long term investments	32.67M	19.01M	57.55M	48.38M	48.38M	48.38M	55.38M	56.00M	71.21M	57.84M	247.48M	312.58M	331.24M	195.82M	239.60M	277.86M	224.50M	144.56M	1.32M	112.92M
Note receivable - long term	—	—	—	—	—	—	7.00M	7.00M	3.00M	2.04M	192.67M	304.63M	322.51M	189.01M	230.84M	270.94M	215.78M	135.34M	96.62M	—
Investments in unconsolidated subsidiaries	13.31M	13.31M	51.85M	42.68M	0	0	48.28M	48.90M	48.47M	41.85M	28.35M	0	0	0	0	0	0	0	0	0
Other investments	19.36M	5.70M	5.70M	5.70M	48.38M	48.38M	103.50K	103.50K	19.74M	13.95M	26.46M	7.95M	8.73M	6.80M	8.76M	6.92M	8.72M	9.22M	1.32M	112.92M
Net property/plant/equipment	177.66M	217.03M	264.86M	490.93M	535.20M	562.20M	620.93M	657.55M	677.30M	825.99M	1.09B	1.48B	1.70B	1.90B	2.10B	2.13B	2.19B	2.40B	2.66B	3.08B
Gross property/plant/equipment	330.64M	385.58M	465.95M	738.50M	835.21M	928.45M	1.06B	1.19B	1.26B	1.49B	1.79B	1.57B	1.89B	2.21B	2.29B	2.46B	3.74B	4.10B	4.56B	5.16B
Deferred tax assets	0	0	0	0	—	—	5.68M	6.20M	5.60M	901.21K	—	117.00K	2.60M	19.63M	60.43M	69.32M	74.06M	84.98M	95.32M	96.70M
Net intangible assets	0	0	0	0	0	0	0	4.71M	6.52M	7.72M	13.03M	22.65M	45.87M	46.18M	114.09M	110.73M	108.08M	105.69M	107.75M	113.61M
Goodwill, net	—	—	—	—	0	0	0	0	0	0	0	0	23.52M	23.52M	93.31M	92.92M	92.92M	88.54M	77.34M	73.16M
Other intangibles, net	—	—	—	—	0	0	0	4.71M	6.52M	7.72M	13.03M	22.65M	22.35M	22.66M	20.78M	17.81M	15.16M	17.15M	30.41M	40.46M
Other long term assets, total	0	0	0	0	0	0	5.91M	6.74M	0	0	9.30M	10.69M	16.67M	17.46M	23.01M	21.80M	20.77M	23.45M	31.10M	46.10M
Short term debt	83.57M	136.62M	182.84M	287.36M	343.82M	482.59M	544.97M	698.95M	779.72M	792.70M	916.96M	1.14B	1.38B	1.43B	1.61B	1.88B	2.40B	2.70B	2.95B	3.96B
Current portion of LT debt and capital leases	0	0	0	0	0	0	21.43M	18.51M	31.67M	42.65M	103.65M	106.81M	102.01M	78.69M	47.11M	46.26M	46.26M	50.71M	55.49M	101.56M
Short term debt excl. current portion of LT debt	83.57M	136.62M	182.84M	287.36M	343.82M	482.59M	523.54M	680.44M	748.05M	750.04M	813.31M	1.03B	1.28B	1.36B	1.56B	1.83B	2.35B	2.65B	2.90B	3.86B
Accounts payable	41.99M	85.43M	69.32M	175.70M	365.87M	406.35M	213.31M	232.29M	216.10M	265.06M	329.11M	284.17M	363.09M	538.29M	540.91M	631.64M	762.24M	1.12B	1.04B	1.51B
Income tax payable	2.44M	7.28M	10.00M	12.55M	19.56M	22.26M	25.68M	23.93M	44.99M	55.05M	77.93M	17.78M	9.76M	16.52M	-670.00K	14.47M	0	507.00K	24.49M	20.29M
Long term debt	93.47M	94.07M	89.82M	133.22M	116.56M	91.91M	94.95M	80.98M	47.49M	175.75M	176.79M	118.25M	76.52M	42.11M	177.76M	162.67M	124.07M	119.15M	166.15M	253.66M
Long term debt excl. lease liabilities	92.56M	94.07M	89.82M	133.22M	116.56M	91.91M	94.95M	80.98M	47.49M	175.75M	176.79M	118.25M	76.52M	42.11M	177.76M	162.67M	124.07M	119.15M	166.15M	253.66M
Total equity	268.37M	295.79M	434.04M	632.92M	703.33M	774.25M	844.47M	900.66M	967.04M	1.07B	1.91B	2.33B	2.71B	2.87B	3.14B	3.36B	3.58B	4.13B	4.80B	5.53B
Shareholders' equity	268.37M	295.79M	434.04M	632.92M	703.33M	774.25M	844.47M	900.66M	967.04M	1.07B	1.91B	2.33B	2.71B	2.87B	3.10B	3.32B	3.54B	4.08B	4.73B	5.44B
Common equity, total	268.37M	295.79M	434.04M	632.92M	703.33M	774.25M	844.47M	900.66M	967.04M	1.07B	1.91B	2.33B	2.71B	2.87B	3.10B	3.32B	3.54B	4.08B	4.73B	5.44B
Other common equity	80.67M	101.06M	139.04M	277.16M	347.57M	418.50M	488.71M	544.90M	185.77M	192.69M	194.62M	210.68M	218.58M	208.14M	203.46M	222.79M	230.31M	359.05M	269.37M	253.66M
Total debt	177.04M	230.69M	272.66M	420.57M	460.38M	574.49M	639.92M	779.93M	827.21M	968.44M	1.09B	1.26B	1.46B	1.48B	1.79B	2.04B	2.52B	2.82B	3.12B	4.22B
Net debt	110.74M	215.29M	—	338.77M	336.40M	470.96M	494.35M	661.26M	700.93M	870.03M	847.99M	1.09B	1.33B	1.31B	1.65B	1.86B	2.38B	2.60B	2.93B	4.03B
Change in accounts receivable	-61.21M	-120.40M	-55.87M	-110.43M	-152.58M	-114.04M	-72.00M	-10.64M	38.26M	-202.47M	-218.57M	-311.13M	-173.25M	-120.08M	-82.42M	-425.07M	-181.82M	-688.87M	-487.35M	-553.12M
Change in taxes payable	—	—	—	—	0	0	—	0	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	-14.42M	106.74M	157.42M	54.22M	141.53M	-41.66M	-3.81M	40.41M	57.89M	176.78M	218.57M	95.78M	-16.80M	189.96M	93.66M	323.72M	-83.64M	536.66M
Change in other assets/liabilities	19.01M	48.02M	2.20M	29.16M	982.00K	-18.21M	15.42M	-51.98M	-121.39M	173.76M	-379.34M	0	0	0	0	-8.63M	-143.37M	214.18M	-73.45M	-535.03M
Sale of fixed assets & businesses	0	125.00K	788.00K	520.00K	28.99M	4.32M	17.50M	0	6.19M	150.00K	1.98M	10.44M	27.33M	3.88M	4.40M	4.25M	3.87M	25.00K	4.37M	35.76M
Purchase/sale of investments, net	-60.32M	5.04M	-38.53M	9.17M	0	0	0	-1.38M	-2.31M	4.46M	8.42M	146.94M	16.45M	-5.73M	5.63M	-2.78M	12.26M	-379.19M	-447.47M	-808.46M
Sale/maturity of investments	27.00K	5.04M	0	10.00M	0	0	0	0	282.00K	4.46M	8.42M	146.94M	16.45M	32.00K	5.63M	1.09M	12.26M	4.93M	12.87M	31.05M
Purchase of investments	-60.34M	0	-38.53M	-832.00K	0	0	0	-1.38M	-2.60M	0	0	0	0	-5.76M	0	-3.87M	0	-384.12M	-460.33M	-839.51M
Other investing cash flow items, total	6.96M	67.32M	9.12M	6.65M	6.58M	10.40M	0	0	0	798.64K	-117.97M	1.55M	1.45M	1.39M	7.33M	17.46M	12.92M	30.88M	34.33M	7.31M
Issuance/retirement of debt, net	35.12M	52.02M	41.98M	147.81M	39.81M	114.11M	43.62M	132.06M	90.56M	130.25M	66.77M	158.62M	205.57M	43.81M	342.23M	270.21M	521.24M	288.84M	307.03M	1.10B
Issuance/retirement of long term debt	3.85M	-1.03M	-4.25M	43.30M	-16.66M	-24.66M	2.66M	-24.83M	22.95M	128.25M	3.50M	-58.54M	-41.73M	-34.41M	135.65M	0	0	-4.87M	52.21M	93.28M
Issuance/retirement of short term debt	31.27M	53.05M	46.23M	104.51M	56.46M	138.77M	40.96M	156.90M	67.61M	2.00M	63.27M	217.16M	247.30M	0	206.58M	270.21M	521.24M	293.70M	254.82M	1.01B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	0	0	78.22M	—	—	—	—	—	—
Total cash dividends paid	-8.80M	-6.54M	-10.97M	-11.48M	-19.25M	-19.19M	-19.19M	-14.34M	-14.17M	-18.05M	-24.41M	-26.47M	-27.92M	-30.76M	-34.71M	-1.90M	-1.90M	-28.77M	-37.70M	-45.89M
Other financing cash flow items, total	-1.18M	0	0	36.94M	0	0	0	0	0	2.51M	-7.36M	39.34M	19.42M	-6.72M	28.38M	-10.76M	-59.26M	177.34M	5.94M	29.79M