Thermax Ltd

NSE: THERMAX BSE: 500411

₹3282.30

+131.10 (4.16%)

Sun, 08 Nov 2026, 05:57 am

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

Market Cap (in Cr)37596.2

PE Ratio62.31

Dividend0.44

Producer Manufacturing

Industrial Machinery

24.5K

Thermax 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	-16.10M	-15.40M	-16.50M	-38.10M	-20.30M	-41.00M	-89.20M	-94.00M	-273.60M	-931.90M	-121.90M	-70.40M	-71.90M	-97.00M	-86.10M	-117.50M	-134.70M	-256.40M	-836.50M	-1.41B
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	—	0	—	—	-10.70M	0	0	—	—	—	—
Equity in earnings	0	0	0	0	0	0	0	0	0	0	-408.90M	-654.60M	-251.90M	0	0	0	1.30M	-2.30M	-8.20M	-2.40M
Total assets	11.42B	17.90B	20.50B	24.05B	33.49B	40.88B	47.08B	50.04B	59.96B	59.07B	51.81B	50.60B	59.45B	68.00B	59.56B	65.07B	74.61B	88.39B	101.53B	120.38B
Total current assets	5.91B	10.24B	11.19B	17.32B	24.31B	29.97B	34.06B	32.87B	41.25B	40.44B	36.10B	32.97B	41.02B	47.37B	39.77B	44.66B	47.38B	60.72B	64.48B	73.13B
Cash and short term investments	547.40M	972.40M	580.20M	3.70B	6.70B	7.50B	9.38B	7.64B	11.69B	11.97B	11.84B	10.82B	15.15B	11.44B	12.92B	20.54B	17.20B	25.24B	23.39B	27.22B
Cash & equivalents	536.40M	936.50M	536.80M	398.60M	665.90M	1.31B	6.98B	3.21B	4.59B	3.56B	1.50B	1.74B	2.47B	3.09B	2.55B	4.62B	3.12B	4.54B	4.87B	4.18B
Short term investments	11.00M	35.90M	43.40M	3.30B	6.04B	6.19B	2.40B	4.43B	7.10B	8.41B	10.34B	9.09B	12.68B	8.35B	10.37B	15.92B	14.08B	20.71B	18.52B	23.04B
Total receivables, net	3.61B	6.42B	7.54B	9.32B	12.72B	16.73B	19.37B	20.26B	16.52B	18.62B	19.08B	16.59B	18.56B	25.74B	18.32B	15.99B	18.81B	22.94B	26.49B	32.08B
Accounts receivable - trade, net	2.96B	4.92B	6.00B	8.18B	11.16B	10.67B	13.71B	15.47B	14.68B	16.73B	18.43B	16.14B	17.82B	24.99B	17.34B	15.39B	18.19B	22.46B	26.05B	31.07B
Other receivables	649.30M	1.50B	1.54B	1.14B	1.55B	6.06B	5.67B	4.79B	1.84B	1.89B	649.90M	451.40M	739.80M	746.80M	979.20M	608.80M	623.30M	474.80M	442.30M	1.01B
Total inventory	1.28B	2.11B	2.10B	2.81B	2.56B	3.66B	3.67B	3.24B	10.30B	7.73B	3.89B	3.58B	4.73B	6.95B	6.05B	5.33B	9.14B	10.27B	10.22B	9.04B
Other current assets, total	244.40M	314.50M	543.80M	896.90M	1.12B	995.90M	1.22B	1.28B	2.60B	2.03B	1.19B	1.85B	2.38B	3.03B	2.26B	2.51B	1.80B	1.93B	4.04B	4.44B
Total non-current assets	5.52B	7.67B	9.30B	6.74B	9.19B	10.91B	13.02B	17.17B	18.71B	18.63B	15.71B	17.63B	18.43B	20.63B	19.79B	20.40B	27.23B	27.66B	37.05B	47.25B
Long term investments	3.97B	5.74B	5.60B	1.44B	3.70B	2.41B	701.10M	1.54B	1.56B	2.40B	2.90B	4.14B	3.59B	2.36B	2.67B	3.58B	10.57B	5.22B	7.79B	7.71B
Note receivable - long term	—	—	—	—	0	—	681.60M	1.42B	1.44B	2.01B	1.05B	1.30B	1.04B	1.27B	1.69B	1.79B	2.65B	2.48B	3.25B	3.92B
Investments in unconsolidated subsidiaries	0	111.30M	111.30M	122.00M	146.60M	0	0	0	-1.50M	35.20M	1.23B	2.16B	1.89B	0	0	0	66.30M	163.70M	190.50M	97.10M
Other investments	3.97B	5.63B	5.49B	1.32B	3.56B	2.41B	19.50M	116.80M	113.00M	352.10M	622.70M	681.20M	658.90M	1.09B	980.60M	1.78B	7.86B	2.58B	4.34B	3.70B
Net property/plant/equipment	1.42B	1.77B	3.44B	4.89B	5.29B	6.61B	9.09B	12.15B	13.88B	13.21B	7.30B	8.17B	9.38B	12.98B	12.83B	12.40B	12.13B	17.97B	25.00B	33.33B
Gross property/plant/equipment	2.54B	2.98B	4.82B	6.47B	7.14B	9.15B	12.10B	15.67B	18.09B	18.27B	12.27B	13.73B	15.60B	19.79B	19.79B	20.04B	20.46B	26.79B	34.90B	44.35B
Deferred tax assets	104.00M	133.10M	178.90M	206.80M	296.60M	289.30M	355.00M	389.20M	542.80M	889.80M	1.20B	1.15B	1.08B	2.22B	1.55B	1.61B	1.30B	1.09B	1.09B	1.54B
Net intangible assets	20.00M	20.20M	43.40M	198.00M	194.90M	1.60B	1.82B	1.75B	1.91B	1.53B	1.70B	1.45B	1.52B	568.80M	589.60M	350.50M	405.50M	322.20M	370.70M	1.92B
Goodwill, net	—	—	—	—	0	1.16B	1.18B	1.18B	1.33B	1.02B	1.15B	1.06B	1.22B	330.70M	353.10M	30.30M	30.30M	30.30M	30.30M	801.90M
Other intangibles, net	—	—	—	—	194.90M	444.50M	636.60M	564.50M	579.40M	506.70M	551.40M	396.50M	298.00M	238.10M	236.50M	320.20M	375.20M	291.90M	340.40M	1.12B
Other long term assets, total	0	0	0	0	0	—	584.20M	344.20M	815.90M	598.40M	2.56B	2.28B	2.44B	2.09B	2.14B	2.46B	2.82B	2.86B	2.64B	2.56B
Short term debt	70.00M	21.70M	0	40.80M	79.60M	665.10M	1.85B	399.10M	2.45B	1.22B	1.61B	897.10M	1.81B	2.05B	2.01B	2.99B	2.98B	3.93B	4.72B	5.37B
Current portion of LT debt and capital leases	—	0	0	0	0	0	21.90M	21.80M	226.80M	630.60M	231.90M	44.40M	164.70M	201.90M	232.80M	162.20M	219.10M	299.60M	583.50M	535.70M
Short term debt excl. current portion of LT debt	70.00M	21.70M	0	40.80M	79.60M	665.10M	1.83B	377.30M	2.22B	591.80M	1.38B	852.70M	1.64B	1.85B	1.78B	2.83B	2.76B	3.63B	4.13B	4.84B
Accounts payable	1.77B	3.27B	4.64B	4.38B	7.95B	9.54B	9.69B	9.72B	9.32B	9.49B	10.29B	10.04B	10.77B	13.85B	9.68B	11.40B	14.67B	14.98B	15.33B	16.97B
Income tax payable	66.40M	52.70M	162.00M	101.20M	99.00M	174.00M	74.10M	141.80M	—	—	527.00M	171.70M	129.50M	128.50M	113.40M	251.10M	233.90M	244.40M	410.50M	912.10M
Long term debt	0	0	0	0	0	814.30M	876.00M	3.83B	5.17B	4.94B	342.30M	460.20M	530.10M	350.70M	430.70M	287.70M	695.50M	4.37B	8.06B	11.80B
Long term debt excl. lease liabilities	0	0	0	0	0	814.30M	876.00M	3.83B	5.17B	4.94B	342.30M	448.70M	516.00M	350.70M	430.70M	287.70M	695.50M	4.37B	8.06B	11.80B
Total equity	4.59B	5.90B	7.60B	9.92B	10.88B	13.67B	17.41B	19.79B	21.78B	22.11B	24.16B	25.39B	27.15B	30.14B	30.28B	32.51B	34.92B	38.70B	44.40B	49.43B
Shareholders' equity	4.59B	5.90B	7.60B	9.92B	10.78B	13.15B	16.29B	18.69B	20.38B	21.33B	24.16B	25.38B	27.15B	30.14B	30.28B	32.51B	34.92B	38.68B	44.40B	49.37B
Common equity, total	4.59B	5.90B	7.60B	9.92B	10.78B	13.15B	16.29B	18.69B	20.38B	21.33B	24.16B	25.38B	27.15B	30.14B	30.28B	32.51B	34.92B	38.68B	44.40B	49.37B
Other common equity	3.01B	4.34B	6.07B	8.26B	9.01B	12.30B	15.44B	17.84B	5.41B	5.26B	5.38B	5.24B	5.48B	6.03B	6.17B	6.29B	6.33B	6.47B	6.48B	7.05B
Total debt	70.00M	21.70M	0	40.80M	79.60M	1.48B	2.73B	4.23B	7.61B	6.16B	1.95B	1.36B	2.34B	2.40B	2.44B	3.28B	3.68B	8.31B	12.77B	17.18B
Net debt	-477.40M	-950.70M	-580.20M	-3.66B	-6.62B	-6.02B	-6.65B	-3.41B	-4.07B	-5.81B	-9.88B	-9.47B	-12.82B	-9.04B	-10.48B	-17.27B	-13.52B	-16.94B	-10.61B	-10.05B
Change in accounts receivable	717.60M	1.32B	-3.53B	767.90M	1.84B	-2.98B	-5.06B	-2.97B	148.80M	-2.02B	1.18B	1.92B	-1.98B	-1.30B	-445.60M	1.08B	-2.50B	-3.14B	-4.44B	-3.29B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	40.90M	1.86B	1.94B	-168.50M	2.21B	2.74B	3.10B	64.80M	1.21B	898.20M	201.00M	490.40M	63.20M	3.29B	-3.98B	1.90B	3.55B	385.80M	690.10M	1.55B
Change in other assets/liabilities	481.60M	0	49.20M	-1.30B	-587.70M	-145.80M	0	0	0	—	-3.64B	-2.75B	5.49B	-5.07B	4.11B	1.26B	2.16B	2.42B	-917.10M	2.26B
Sale of fixed assets & businesses	0	0	0	0	98.00M	472.80M	710.50M	147.00M	556.20M	0	0	0	0	—	—	0	0	379.10M	1.85B	94.50M
Purchase/sale of investments, net	-763.80M	-1.76B	180.50M	4.27B	-2.26B	1.29B	19.70M	-1.90B	-2.43B	-780.20M	-1.87B	173.30M	-3.43B	4.00B	-1.44B	-5.79B	-4.26B	-992.90M	1.22B	-2.66B
Sale/maturity of investments	20.80M	20.03B	12.60B	11.61B	4.34B	9.96B	10.02B	10.07B	17.89B	18.10B	19.19B	2.04B	0	5.47B	0	—	7.76B	—	39.88B	48.95B
Purchase of investments	-784.60M	-21.79B	-12.42B	-7.33B	-6.61B	-8.67B	-10.00B	-11.98B	-20.31B	-18.88B	-1.87B	-1.87B	-3.43B	-1.46B	-1.44B	-5.79B	-12.03B	-992.90M	-38.66B	-51.61B
Other investing cash flow items, total	21.20M	-2.50M	-18.80M	36.50M	-48.80M	-44.60M	203.50M	-33.80M	269.00M	-189.90M	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	3.00M	400.00K	-28.50M	34.20M	31.40M	1.17B	1.22B	1.51B	3.18B	-1.85B	-83.30M	-362.50M	692.70M	256.20M	-310.40M	946.60M	761.90M	4.48B	4.31B	4.34B
Issuance/retirement of long term debt	0	400.00K	-28.50M	34.20M	31.40M	0	0	1.51B	3.18B	-1.85B	-83.30M	-362.50M	692.70M	0	0	0	0	0	0	0
Issuance/retirement of short term debt	3.00M	0	0	0	0	1.17B	1.22B	—	—	—	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	256.20M	-310.40M	946.60M	761.90M	4.48B	4.31B	4.34B
Total cash dividends paid	-362.40M	-924.20M	-362.20M	-1.11B	-696.50M	-694.60M	-1.25B	-969.40M	-974.00M	-839.90M	-958.40M	-823.40M	-823.90M	-812.90M	-1.90B	0	-788.30M	-1.02B	-1.13B	-1.35B
Other financing cash flow items, total	-2.50M	0	0	0	0	-10.90M	-32.70M	-25.40M	-24.80M	-11.00M	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	-16.10M	-15.40M	-16.50M	-38.10M	-20.30M	-41.00M	-89.20M	-94.00M	-273.60M	-931.90M	-121.90M	-70.40M	-71.90M	-97.00M	-86.10M	-117.50M	-134.70M	-256.40M	-836.50M	-1.41B
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	—	0	—	—	-10.70M	0	0	—	—	—	—
Equity in earnings	0	0	0	0	0	0	0	0	0	0	-408.90M	-654.60M	-251.90M	0	0	0	1.30M	-2.30M	-8.20M	-2.40M
Total assets	11.42B	17.90B	20.50B	24.05B	33.49B	40.88B	47.08B	50.04B	59.96B	59.07B	51.81B	50.60B	59.45B	68.00B	59.56B	65.07B	74.61B	88.39B	101.53B	120.38B
Total current assets	5.91B	10.24B	11.19B	17.32B	24.31B	29.97B	34.06B	32.87B	41.25B	40.44B	36.10B	32.97B	41.02B	47.37B	39.77B	44.66B	47.38B	60.72B	64.48B	73.13B
Cash and short term investments	547.40M	972.40M	580.20M	3.70B	6.70B	7.50B	9.38B	7.64B	11.69B	11.97B	11.84B	10.82B	15.15B	11.44B	12.92B	20.54B	17.20B	25.24B	23.39B	27.22B
Cash & equivalents	536.40M	936.50M	536.80M	398.60M	665.90M	1.31B	6.98B	3.21B	4.59B	3.56B	1.50B	1.74B	2.47B	3.09B	2.55B	4.62B	3.12B	4.54B	4.87B	4.18B
Short term investments	11.00M	35.90M	43.40M	3.30B	6.04B	6.19B	2.40B	4.43B	7.10B	8.41B	10.34B	9.09B	12.68B	8.35B	10.37B	15.92B	14.08B	20.71B	18.52B	23.04B
Total receivables, net	3.61B	6.42B	7.54B	9.32B	12.72B	16.73B	19.37B	20.26B	16.52B	18.62B	19.08B	16.59B	18.56B	25.74B	18.32B	15.99B	18.81B	22.94B	26.49B	32.08B
Accounts receivable - trade, net	2.96B	4.92B	6.00B	8.18B	11.16B	10.67B	13.71B	15.47B	14.68B	16.73B	18.43B	16.14B	17.82B	24.99B	17.34B	15.39B	18.19B	22.46B	26.05B	31.07B
Other receivables	649.30M	1.50B	1.54B	1.14B	1.55B	6.06B	5.67B	4.79B	1.84B	1.89B	649.90M	451.40M	739.80M	746.80M	979.20M	608.80M	623.30M	474.80M	442.30M	1.01B
Total inventory	1.28B	2.11B	2.10B	2.81B	2.56B	3.66B	3.67B	3.24B	10.30B	7.73B	3.89B	3.58B	4.73B	6.95B	6.05B	5.33B	9.14B	10.27B	10.22B	9.04B
Other current assets, total	244.40M	314.50M	543.80M	896.90M	1.12B	995.90M	1.22B	1.28B	2.60B	2.03B	1.19B	1.85B	2.38B	3.03B	2.26B	2.51B	1.80B	1.93B	4.04B	4.44B
Total non-current assets	5.52B	7.67B	9.30B	6.74B	9.19B	10.91B	13.02B	17.17B	18.71B	18.63B	15.71B	17.63B	18.43B	20.63B	19.79B	20.40B	27.23B	27.66B	37.05B	47.25B
Long term investments	3.97B	5.74B	5.60B	1.44B	3.70B	2.41B	701.10M	1.54B	1.56B	2.40B	2.90B	4.14B	3.59B	2.36B	2.67B	3.58B	10.57B	5.22B	7.79B	7.71B
Note receivable - long term	—	—	—	—	0	—	681.60M	1.42B	1.44B	2.01B	1.05B	1.30B	1.04B	1.27B	1.69B	1.79B	2.65B	2.48B	3.25B	3.92B
Investments in unconsolidated subsidiaries	0	111.30M	111.30M	122.00M	146.60M	0	0	0	-1.50M	35.20M	1.23B	2.16B	1.89B	0	0	0	66.30M	163.70M	190.50M	97.10M
Other investments	3.97B	5.63B	5.49B	1.32B	3.56B	2.41B	19.50M	116.80M	113.00M	352.10M	622.70M	681.20M	658.90M	1.09B	980.60M	1.78B	7.86B	2.58B	4.34B	3.70B
Net property/plant/equipment	1.42B	1.77B	3.44B	4.89B	5.29B	6.61B	9.09B	12.15B	13.88B	13.21B	7.30B	8.17B	9.38B	12.98B	12.83B	12.40B	12.13B	17.97B	25.00B	33.33B
Gross property/plant/equipment	2.54B	2.98B	4.82B	6.47B	7.14B	9.15B	12.10B	15.67B	18.09B	18.27B	12.27B	13.73B	15.60B	19.79B	19.79B	20.04B	20.46B	26.79B	34.90B	44.35B
Deferred tax assets	104.00M	133.10M	178.90M	206.80M	296.60M	289.30M	355.00M	389.20M	542.80M	889.80M	1.20B	1.15B	1.08B	2.22B	1.55B	1.61B	1.30B	1.09B	1.09B	1.54B
Net intangible assets	20.00M	20.20M	43.40M	198.00M	194.90M	1.60B	1.82B	1.75B	1.91B	1.53B	1.70B	1.45B	1.52B	568.80M	589.60M	350.50M	405.50M	322.20M	370.70M	1.92B
Goodwill, net	—	—	—	—	0	1.16B	1.18B	1.18B	1.33B	1.02B	1.15B	1.06B	1.22B	330.70M	353.10M	30.30M	30.30M	30.30M	30.30M	801.90M
Other intangibles, net	—	—	—	—	194.90M	444.50M	636.60M	564.50M	579.40M	506.70M	551.40M	396.50M	298.00M	238.10M	236.50M	320.20M	375.20M	291.90M	340.40M	1.12B
Other long term assets, total	0	0	0	0	0	—	584.20M	344.20M	815.90M	598.40M	2.56B	2.28B	2.44B	2.09B	2.14B	2.46B	2.82B	2.86B	2.64B	2.56B
Short term debt	70.00M	21.70M	0	40.80M	79.60M	665.10M	1.85B	399.10M	2.45B	1.22B	1.61B	897.10M	1.81B	2.05B	2.01B	2.99B	2.98B	3.93B	4.72B	5.37B
Current portion of LT debt and capital leases	—	0	0	0	0	0	21.90M	21.80M	226.80M	630.60M	231.90M	44.40M	164.70M	201.90M	232.80M	162.20M	219.10M	299.60M	583.50M	535.70M
Short term debt excl. current portion of LT debt	70.00M	21.70M	0	40.80M	79.60M	665.10M	1.83B	377.30M	2.22B	591.80M	1.38B	852.70M	1.64B	1.85B	1.78B	2.83B	2.76B	3.63B	4.13B	4.84B
Accounts payable	1.77B	3.27B	4.64B	4.38B	7.95B	9.54B	9.69B	9.72B	9.32B	9.49B	10.29B	10.04B	10.77B	13.85B	9.68B	11.40B	14.67B	14.98B	15.33B	16.97B
Income tax payable	66.40M	52.70M	162.00M	101.20M	99.00M	174.00M	74.10M	141.80M	—	—	527.00M	171.70M	129.50M	128.50M	113.40M	251.10M	233.90M	244.40M	410.50M	912.10M
Long term debt	0	0	0	0	0	814.30M	876.00M	3.83B	5.17B	4.94B	342.30M	460.20M	530.10M	350.70M	430.70M	287.70M	695.50M	4.37B	8.06B	11.80B
Long term debt excl. lease liabilities	0	0	0	0	0	814.30M	876.00M	3.83B	5.17B	4.94B	342.30M	448.70M	516.00M	350.70M	430.70M	287.70M	695.50M	4.37B	8.06B	11.80B
Total equity	4.59B	5.90B	7.60B	9.92B	10.88B	13.67B	17.41B	19.79B	21.78B	22.11B	24.16B	25.39B	27.15B	30.14B	30.28B	32.51B	34.92B	38.70B	44.40B	49.43B
Shareholders' equity	4.59B	5.90B	7.60B	9.92B	10.78B	13.15B	16.29B	18.69B	20.38B	21.33B	24.16B	25.38B	27.15B	30.14B	30.28B	32.51B	34.92B	38.68B	44.40B	49.37B
Common equity, total	4.59B	5.90B	7.60B	9.92B	10.78B	13.15B	16.29B	18.69B	20.38B	21.33B	24.16B	25.38B	27.15B	30.14B	30.28B	32.51B	34.92B	38.68B	44.40B	49.37B
Other common equity	3.01B	4.34B	6.07B	8.26B	9.01B	12.30B	15.44B	17.84B	5.41B	5.26B	5.38B	5.24B	5.48B	6.03B	6.17B	6.29B	6.33B	6.47B	6.48B	7.05B
Total debt	70.00M	21.70M	0	40.80M	79.60M	1.48B	2.73B	4.23B	7.61B	6.16B	1.95B	1.36B	2.34B	2.40B	2.44B	3.28B	3.68B	8.31B	12.77B	17.18B
Net debt	-477.40M	-950.70M	-580.20M	-3.66B	-6.62B	-6.02B	-6.65B	-3.41B	-4.07B	-5.81B	-9.88B	-9.47B	-12.82B	-9.04B	-10.48B	-17.27B	-13.52B	-16.94B	-10.61B	-10.05B
Change in accounts receivable	717.60M	1.32B	-3.53B	767.90M	1.84B	-2.98B	-5.06B	-2.97B	148.80M	-2.02B	1.18B	1.92B	-1.98B	-1.30B	-445.60M	1.08B	-2.50B	-3.14B	-4.44B	-3.29B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	40.90M	1.86B	1.94B	-168.50M	2.21B	2.74B	3.10B	64.80M	1.21B	898.20M	201.00M	490.40M	63.20M	3.29B	-3.98B	1.90B	3.55B	385.80M	690.10M	1.55B
Change in other assets/liabilities	481.60M	0	49.20M	-1.30B	-587.70M	-145.80M	0	0	0	—	-3.64B	-2.75B	5.49B	-5.07B	4.11B	1.26B	2.16B	2.42B	-917.10M	2.26B
Sale of fixed assets & businesses	0	0	0	0	98.00M	472.80M	710.50M	147.00M	556.20M	0	0	0	0	—	—	0	0	379.10M	1.85B	94.50M
Purchase/sale of investments, net	-763.80M	-1.76B	180.50M	4.27B	-2.26B	1.29B	19.70M	-1.90B	-2.43B	-780.20M	-1.87B	173.30M	-3.43B	4.00B	-1.44B	-5.79B	-4.26B	-992.90M	1.22B	-2.66B
Sale/maturity of investments	20.80M	20.03B	12.60B	11.61B	4.34B	9.96B	10.02B	10.07B	17.89B	18.10B	19.19B	2.04B	0	5.47B	0	—	7.76B	—	39.88B	48.95B
Purchase of investments	-784.60M	-21.79B	-12.42B	-7.33B	-6.61B	-8.67B	-10.00B	-11.98B	-20.31B	-18.88B	-1.87B	-1.87B	-3.43B	-1.46B	-1.44B	-5.79B	-12.03B	-992.90M	-38.66B	-51.61B
Other investing cash flow items, total	21.20M	-2.50M	-18.80M	36.50M	-48.80M	-44.60M	203.50M	-33.80M	269.00M	-189.90M	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	3.00M	400.00K	-28.50M	34.20M	31.40M	1.17B	1.22B	1.51B	3.18B	-1.85B	-83.30M	-362.50M	692.70M	256.20M	-310.40M	946.60M	761.90M	4.48B	4.31B	4.34B
Issuance/retirement of long term debt	0	400.00K	-28.50M	34.20M	31.40M	0	0	1.51B	3.18B	-1.85B	-83.30M	-362.50M	692.70M	0	0	0	0	0	0	0
Issuance/retirement of short term debt	3.00M	0	0	0	0	1.17B	1.22B	—	—	—	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	256.20M	-310.40M	946.60M	761.90M	4.48B	4.31B	4.34B
Total cash dividends paid	-362.40M	-924.20M	-362.20M	-1.11B	-696.50M	-694.60M	-1.25B	-969.40M	-974.00M	-839.90M	-958.40M	-823.40M	-823.90M	-812.90M	-1.90B	0	-788.30M	-1.02B	-1.13B	-1.35B
Other financing cash flow items, total	-2.50M	0	0	0	0	-10.90M	-32.70M	-25.40M	-24.80M	-11.00M	0	0	0	0	0	0	0	0	0	0