United Breweries Ltd

NSE: UBL BSE: 532478

₹1204.50

+14.70 (1.24%)

Thu, 12 Nov 2026, 11:59 am

MTF 5xInvest in United Breweries Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)31464.21

PE Ratio65.74

Dividend0.84

Consumer Non-Durables

Beverages: Alcoholic

24.5K

United Breweries 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	-384.16M	-404.36M	-559.47M	-659.42M	-739.37M	-752.90M	-989.00M	-851.80M	-808.10M	-833.10M	-810.70M	-586.50M	-476.50M	-312.00M	-311.20M	-226.70M	-147.80M	-46.40M	-68.90M	-128.60M
Pretax equity in earnings	—	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
Total assets	11.09B	14.36B	16.09B	21.81B	24.60B	27.87B	33.10B	37.56B	39.19B	39.17B	44.01B	45.13B	47.75B	54.32B	55.77B	58.79B	59.70B	62.99B	70.75B	82.40B
Total current assets	7.12B	7.23B	6.18B	11.09B	13.44B	13.47B	16.87B	18.61B	20.03B	17.61B	21.81B	23.65B	26.41B	30.01B	29.61B	33.24B	33.79B	36.82B	44.11B	54.48B
Cash and short term investments	1.34B	1.47B	112.44M	1.41B	1.42B	1.30B	1.77B	2.33B	1.55B	326.20M	751.00M	682.60M	339.20M	461.70M	785.90M	4.69B	9.10B	3.95B	2.14B	4.43B
Cash & equivalents	863.56M	744.78M	67.48M	478.68M	902.44M	944.79M	208.20M	386.90M	800.70M	256.50M	33.60M	126.20M	153.50M	401.00M	672.70M	4.61B	9.01B	3.88B	2.01B	4.34B
Short term investments	477.59M	726.03M	44.96M	932.84M	514.32M	351.92M	1.57B	1.94B	751.50M	69.70M	717.40M	556.40M	185.70M	60.70M	113.20M	81.10M	83.20M	70.70M	132.80M	93.40M
Total receivables, net	4.48B	3.52B	3.74B	5.37B	9.53B	8.18B	9.23B	8.54B	9.66B	9.67B	11.27B	12.96B	14.99B	15.14B	13.53B	13.96B	12.56B	14.08B	23.16B	28.65B
Accounts receivable - trade, net	1.62B	2.54B	3.57B	5.01B	6.69B	5.14B	7.00B	8.13B	9.59B	9.64B	11.19B	12.95B	14.99B	15.11B	13.50B	13.95B	12.55B	14.07B	23.14B	28.61B
Other receivables	2.86B	985.52M	176.54M	365.65M	2.83B	3.05B	2.23B	403.30M	69.80M	27.70M	83.90M	8.50M	7.20M	30.50M	30.10M	8.40M	11.50M	10.40M	25.40M	38.90M
Total inventory	838.45M	1.25B	1.31B	1.79B	2.20B	2.90B	4.36B	5.47B	5.58B	5.74B	7.10B	8.14B	8.94B	10.64B	11.12B	11.47B	9.53B	14.52B	13.97B	16.64B
Other current assets, total	401.80M	860.73M	854.29M	817.48M	245.13M	944.80M	1.22B	1.98B	2.71B	1.28B	2.19B	1.30B	1.59B	3.06B	3.28B	2.33B	1.80B	3.50B	3.93B	3.70B
Total non-current assets	3.97B	7.12B	9.91B	10.72B	11.15B	14.40B	16.23B	18.95B	19.16B	21.56B	22.20B	21.47B	21.34B	24.30B	26.16B	25.55B	25.91B	26.18B	26.64B	27.92B
Long term investments	8.38M	185.00K	192.00K	179.00K	5.00K	1.43B	239.20M	89.00M	428.00M	400.90M	674.70M	196.60M	85.20M	124.10M	94.30M	188.90M	200.00M	209.30M	156.70M	182.70M
Note receivable - long term	—	—	—	—	—	—	236.10M	71.10M	53.70M	50.60M	45.40M	86.80M	63.90M	63.90M	72.20M	70.90M	56.10M	52.40M	52.10M	52.10M
Investments in unconsolidated subsidiaries	8.10M	15.00K	12.00K	9.00K	5.00K	50.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K
Other investments	283.00K	170.00K	180.00K	170.00K	0	1.43B	3.00M	17.80M	374.20M	350.20M	629.20M	109.70M	21.20M	60.10M	22.00M	117.90M	143.80M	156.80M	104.50M	130.50M
Net property/plant/equipment	2.77B	5.41B	7.31B	8.25B	8.88B	12.09B	14.93B	17.15B	17.08B	18.92B	18.80B	18.45B	17.95B	19.82B	21.32B	20.57B	20.15B	19.22B	19.41B	20.20B
Gross property/plant/equipment	3.83B	6.79B	9.23B	10.80B	12.28B	17.72B	22.26B	26.07B	27.91B	31.74B	33.91B	36.28B	38.10B	42.25B	46.48B	47.89B	49.41B	50.72B	52.78B	55.81B
Deferred tax assets	—	30.54M	2.59M	40.31M	27.33M	169.57M	161.80M	163.30M	214.10M	324.10M	348.10M	338.20M	510.90M	471.60M	543.90M	616.30M	596.30M	640.20M	743.20M	836.90M
Net intangible assets	1.18B	1.68B	2.60B	2.44B	2.27B	711.29M	445.30M	444.40M	460.40M	648.30M	595.90M	537.30M	494.70M	511.50M	481.40M	274.30M	228.30M	186.80M	154.90M	138.20M
Goodwill, net	1.18B	1.68B	2.24B	2.12B	1.99B	441.05M	242.10M	242.10M	242.10M	242.10M	242.10M	242.10M	242.10M	242.10M	242.10M	64.50M	64.50M	64.50M	64.50M	64.50M
Other intangibles, net	37.00K	37.00K	360.04M	320.04M	280.04M	270.25M	203.20M	202.30M	218.30M	406.20M	353.80M	295.20M	252.60M	269.40M	239.30M	209.80M	163.80M	122.30M	90.40M	73.70M
Other long term assets, total	0	0	0	0	0	0	442.40M	659.70M	962.80M	1.26B	1.76B	1.93B	2.29B	3.12B	3.29B	3.61B	4.55B	5.83B	5.74B	5.84B
Short term debt	247.94M	960.10M	3.69B	3.55B	6.68B	5.21B	4.74B	5.58B	7.08B	3.29B	5.48B	4.10B	1.07B	1.36B	2.43B	1.47B	36.80M	48.80M	851.30M	5.84B
Current portion of LT debt and capital leases	126.20M	547.50M	306.16M	2.04B	3.73B	2.99B	385.80M	8.40M	2.16B	1.37B	3.35B	1.98B	542.80M	1.30B	831.20M	1.47B	36.80M	48.80M	77.20M	94.40M
Short term debt excl. current portion of LT debt	121.74M	412.60M	3.39B	1.51B	2.95B	2.22B	4.36B	5.57B	4.92B	1.91B	2.13B	2.12B	527.80M	60.00M	1.60B	1.70M	0	0	774.10M	5.75B
Accounts payable	1.88B	2.58B	1.46B	1.49B	2.09B	3.55B	5.74B	2.50B	2.06B	3.39B	4.18B	4.60B	5.22B	5.90B	5.45B	6.18B	6.30B	7.17B	9.48B	11.50B
Income tax payable	—	—	—	—	—	37.76M	57.40M	64.30M	68.70M	—	—	—	—	—	—	—	—	—	—	—
Long term debt	3.78B	5.27B	3.05B	4.07B	1.26B	2.57B	4.03B	7.43B	5.28B	5.12B	2.58B	1.84B	2.05B	754.30M	89.00M	1.15B	60.60M	107.40M	169.00M	356.90M
Long term debt excl. lease liabilities	3.77B	5.27B	3.05B	3.50B	1.26B	2.57B	4.03B	7.43B	5.28B	5.12B	2.58B	1.84B	2.05B	754.30M	89.00M	1.15B	60.60M	107.40M	169.00M	356.90M
Total equity	4.93B	5.34B	6.10B	10.59B	11.33B	12.97B	13.67B	15.13B	17.09B	18.53B	21.50B	23.37B	26.93B	31.87B	35.24B	35.86B	39.39B	39.70B	41.84B	43.70B
Shareholders' equity	4.93B	5.34B	6.09B	10.58B	11.32B	12.95B	13.66B	15.11B	17.07B	18.51B	21.47B	23.34B	26.90B	31.84B	35.20B	35.82B	39.35B	39.65B	41.78B	43.64B
Common equity, total	2.00B	2.87B	3.62B	7.65B	8.39B	10.48B	12.92B	14.37B	16.33B	18.51B	21.47B	23.34B	26.90B	31.84B	35.20B	35.82B	39.35B	39.65B	41.78B	43.64B
Other common equity	90.28M	193.34M	941.69M	723.86M	2.36B	1.45B	2.10B	3.46B	3.69B	4.69B	4.99B	5.19B	5.61B	6.19B	6.62B	6.74B	6.74B	6.75B	6.75B	6.82B
Total debt	4.03B	6.23B	6.74B	7.62B	7.94B	7.78B	8.77B	13.01B	12.36B	8.40B	8.06B	5.94B	3.12B	2.11B	2.52B	2.62B	97.40M	156.20M	1.02B	6.20B
Net debt	2.69B	4.76B	6.63B	6.21B	—	6.48B	7.00B	10.68B	10.80B	8.08B	7.31B	5.26B	2.78B	1.65B	1.74B	-2.07B	-9.00B	-3.80B	-1.12B	1.77B
Change in accounts receivable	-199.50M	462.52M	-1.14B	-1.45B	-1.77B	1.39B	-2.01B	-1.27B	-1.49B	-47.40M	-2.16B	-1.73B	-2.33B	26.00M	1.28B	-157.00M	1.22B	-1.61B	-9.19B	-5.59B
Change in taxes payable	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-127.19M	—	—	—	—	—	—	-1.18B	-238.60M	1.38B	680.90M	434.60M	647.10M	732.30M	-460.40M	754.60M	167.60M	842.50M	2.26B	1.96B
Change in other assets/liabilities	-1.34B	681.81M	401.06M	-1.17B	1.65B	1.52B	2.77B	889.80M	-33.50M	2.20B	1.48B	1.94B	987.50M	383.30M	-2.40B	2.81B	-399.30M	-469.50M	1.09B	1.88B
Sale of fixed assets & businesses	0	94.61M	33.40M	16.17M	17.40M	12.36M	7.90M	19.70M	1.80M	5.50M	6.10M	460.50M	2.70M	13.00M	5.90M	509.10M	7.70M	19.80M	8.20M	1.40M
Purchase/sale of investments, net	-11.79M	8.69M	-7.00K	-900.25M	528.24M	489.94M	-200.00K	-1.21B	509.80M	689.60M	-43.10M	-6.90M	21.60M	-10.70M	-14.40M	-63.80M	-22.60M	-500.00K	-9.80M	13.40M
Sale/maturity of investments	0	8.69M	—	0	528.24M	489.94M	0	0	534.50M	769.30M	2.10M	3.90M	89.90M	88.80M	3.90M	33.50M	24.70M	61.10M	7.00M	64.50M
Purchase of investments	-11.79M	—	-7.00K	-900.25M	0	0	-200.00K	-1.21B	-24.70M	-79.70M	-45.20M	-10.80M	-68.30M	-99.50M	-18.30M	-97.30M	-47.30M	-61.60M	-16.80M	-51.10M
Other investing cash flow items, total	0	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	547.05M	2.20B	1.26B	523.79M	346.22M	-133.40M	540.50M	3.09B	-688.00M	-3.96B	-1.86B	-2.12B	-2.82B	-1.01B	115.10M	145.90M	-2.50B	0	774.10M	4.97B
Issuance/retirement of long term debt	1.61B	1.28B	1.08B	523.79M	346.22M	-133.40M	540.50M	3.03B	-7.80M	-944.70M	-2.11B	-2.11B	-1.23B	-537.90M	-1.38B	1.75B	-2.50B	0	0	0
Issuance/retirement of short term debt	-1.06B	916.14M	171.12M	—	0	0	0	66.80M	-680.20M	-3.01B	253.00M	-9.80M	-1.59B	-467.80M	1.49B	-1.60B	-1.70M	0	774.10M	4.97B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-57.18M	-212.74M	-21.61M	-128.78M	-128.78M	-187.43M	-268.20M	-244.20M	-238.80M	-303.10M	-317.40M	-306.50M	-308.40M	-557.80M	-799.50M	-661.20M	-132.10M	-2.78B	-1.98B	-2.64B
Other financing cash flow items, total	604.82M	0	-3.67M	4.25B	0	-374.08M	2.83B	—	0	0	0	0	0	0	0	-2.00M	-2.30M	-2.30M	57.60M	-2.20M

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	-384.16M	-404.36M	-559.47M	-659.42M	-739.37M	-752.90M	-989.00M	-851.80M	-808.10M	-833.10M	-810.70M	-586.50M	-476.50M	-312.00M	-311.20M	-226.70M	-147.80M	-46.40M	-68.90M	-128.60M
Pretax equity in earnings	—	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
Total assets	11.09B	14.36B	16.09B	21.81B	24.60B	27.87B	33.10B	37.56B	39.19B	39.17B	44.01B	45.13B	47.75B	54.32B	55.77B	58.79B	59.70B	62.99B	70.75B	82.40B
Total current assets	7.12B	7.23B	6.18B	11.09B	13.44B	13.47B	16.87B	18.61B	20.03B	17.61B	21.81B	23.65B	26.41B	30.01B	29.61B	33.24B	33.79B	36.82B	44.11B	54.48B
Cash and short term investments	1.34B	1.47B	112.44M	1.41B	1.42B	1.30B	1.77B	2.33B	1.55B	326.20M	751.00M	682.60M	339.20M	461.70M	785.90M	4.69B	9.10B	3.95B	2.14B	4.43B
Cash & equivalents	863.56M	744.78M	67.48M	478.68M	902.44M	944.79M	208.20M	386.90M	800.70M	256.50M	33.60M	126.20M	153.50M	401.00M	672.70M	4.61B	9.01B	3.88B	2.01B	4.34B
Short term investments	477.59M	726.03M	44.96M	932.84M	514.32M	351.92M	1.57B	1.94B	751.50M	69.70M	717.40M	556.40M	185.70M	60.70M	113.20M	81.10M	83.20M	70.70M	132.80M	93.40M
Total receivables, net	4.48B	3.52B	3.74B	5.37B	9.53B	8.18B	9.23B	8.54B	9.66B	9.67B	11.27B	12.96B	14.99B	15.14B	13.53B	13.96B	12.56B	14.08B	23.16B	28.65B
Accounts receivable - trade, net	1.62B	2.54B	3.57B	5.01B	6.69B	5.14B	7.00B	8.13B	9.59B	9.64B	11.19B	12.95B	14.99B	15.11B	13.50B	13.95B	12.55B	14.07B	23.14B	28.61B
Other receivables	2.86B	985.52M	176.54M	365.65M	2.83B	3.05B	2.23B	403.30M	69.80M	27.70M	83.90M	8.50M	7.20M	30.50M	30.10M	8.40M	11.50M	10.40M	25.40M	38.90M
Total inventory	838.45M	1.25B	1.31B	1.79B	2.20B	2.90B	4.36B	5.47B	5.58B	5.74B	7.10B	8.14B	8.94B	10.64B	11.12B	11.47B	9.53B	14.52B	13.97B	16.64B
Other current assets, total	401.80M	860.73M	854.29M	817.48M	245.13M	944.80M	1.22B	1.98B	2.71B	1.28B	2.19B	1.30B	1.59B	3.06B	3.28B	2.33B	1.80B	3.50B	3.93B	3.70B
Total non-current assets	3.97B	7.12B	9.91B	10.72B	11.15B	14.40B	16.23B	18.95B	19.16B	21.56B	22.20B	21.47B	21.34B	24.30B	26.16B	25.55B	25.91B	26.18B	26.64B	27.92B
Long term investments	8.38M	185.00K	192.00K	179.00K	5.00K	1.43B	239.20M	89.00M	428.00M	400.90M	674.70M	196.60M	85.20M	124.10M	94.30M	188.90M	200.00M	209.30M	156.70M	182.70M
Note receivable - long term	—	—	—	—	—	—	236.10M	71.10M	53.70M	50.60M	45.40M	86.80M	63.90M	63.90M	72.20M	70.90M	56.10M	52.40M	52.10M	52.10M
Investments in unconsolidated subsidiaries	8.10M	15.00K	12.00K	9.00K	5.00K	50.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K	100.00K
Other investments	283.00K	170.00K	180.00K	170.00K	0	1.43B	3.00M	17.80M	374.20M	350.20M	629.20M	109.70M	21.20M	60.10M	22.00M	117.90M	143.80M	156.80M	104.50M	130.50M
Net property/plant/equipment	2.77B	5.41B	7.31B	8.25B	8.88B	12.09B	14.93B	17.15B	17.08B	18.92B	18.80B	18.45B	17.95B	19.82B	21.32B	20.57B	20.15B	19.22B	19.41B	20.20B
Gross property/plant/equipment	3.83B	6.79B	9.23B	10.80B	12.28B	17.72B	22.26B	26.07B	27.91B	31.74B	33.91B	36.28B	38.10B	42.25B	46.48B	47.89B	49.41B	50.72B	52.78B	55.81B
Deferred tax assets	—	30.54M	2.59M	40.31M	27.33M	169.57M	161.80M	163.30M	214.10M	324.10M	348.10M	338.20M	510.90M	471.60M	543.90M	616.30M	596.30M	640.20M	743.20M	836.90M
Net intangible assets	1.18B	1.68B	2.60B	2.44B	2.27B	711.29M	445.30M	444.40M	460.40M	648.30M	595.90M	537.30M	494.70M	511.50M	481.40M	274.30M	228.30M	186.80M	154.90M	138.20M
Goodwill, net	1.18B	1.68B	2.24B	2.12B	1.99B	441.05M	242.10M	242.10M	242.10M	242.10M	242.10M	242.10M	242.10M	242.10M	242.10M	64.50M	64.50M	64.50M	64.50M	64.50M
Other intangibles, net	37.00K	37.00K	360.04M	320.04M	280.04M	270.25M	203.20M	202.30M	218.30M	406.20M	353.80M	295.20M	252.60M	269.40M	239.30M	209.80M	163.80M	122.30M	90.40M	73.70M
Other long term assets, total	0	0	0	0	0	0	442.40M	659.70M	962.80M	1.26B	1.76B	1.93B	2.29B	3.12B	3.29B	3.61B	4.55B	5.83B	5.74B	5.84B
Short term debt	247.94M	960.10M	3.69B	3.55B	6.68B	5.21B	4.74B	5.58B	7.08B	3.29B	5.48B	4.10B	1.07B	1.36B	2.43B	1.47B	36.80M	48.80M	851.30M	5.84B
Current portion of LT debt and capital leases	126.20M	547.50M	306.16M	2.04B	3.73B	2.99B	385.80M	8.40M	2.16B	1.37B	3.35B	1.98B	542.80M	1.30B	831.20M	1.47B	36.80M	48.80M	77.20M	94.40M
Short term debt excl. current portion of LT debt	121.74M	412.60M	3.39B	1.51B	2.95B	2.22B	4.36B	5.57B	4.92B	1.91B	2.13B	2.12B	527.80M	60.00M	1.60B	1.70M	0	0	774.10M	5.75B
Accounts payable	1.88B	2.58B	1.46B	1.49B	2.09B	3.55B	5.74B	2.50B	2.06B	3.39B	4.18B	4.60B	5.22B	5.90B	5.45B	6.18B	6.30B	7.17B	9.48B	11.50B
Income tax payable	—	—	—	—	—	37.76M	57.40M	64.30M	68.70M	—	—	—	—	—	—	—	—	—	—	—
Long term debt	3.78B	5.27B	3.05B	4.07B	1.26B	2.57B	4.03B	7.43B	5.28B	5.12B	2.58B	1.84B	2.05B	754.30M	89.00M	1.15B	60.60M	107.40M	169.00M	356.90M
Long term debt excl. lease liabilities	3.77B	5.27B	3.05B	3.50B	1.26B	2.57B	4.03B	7.43B	5.28B	5.12B	2.58B	1.84B	2.05B	754.30M	89.00M	1.15B	60.60M	107.40M	169.00M	356.90M
Total equity	4.93B	5.34B	6.10B	10.59B	11.33B	12.97B	13.67B	15.13B	17.09B	18.53B	21.50B	23.37B	26.93B	31.87B	35.24B	35.86B	39.39B	39.70B	41.84B	43.70B
Shareholders' equity	4.93B	5.34B	6.09B	10.58B	11.32B	12.95B	13.66B	15.11B	17.07B	18.51B	21.47B	23.34B	26.90B	31.84B	35.20B	35.82B	39.35B	39.65B	41.78B	43.64B
Common equity, total	2.00B	2.87B	3.62B	7.65B	8.39B	10.48B	12.92B	14.37B	16.33B	18.51B	21.47B	23.34B	26.90B	31.84B	35.20B	35.82B	39.35B	39.65B	41.78B	43.64B
Other common equity	90.28M	193.34M	941.69M	723.86M	2.36B	1.45B	2.10B	3.46B	3.69B	4.69B	4.99B	5.19B	5.61B	6.19B	6.62B	6.74B	6.74B	6.75B	6.75B	6.82B
Total debt	4.03B	6.23B	6.74B	7.62B	7.94B	7.78B	8.77B	13.01B	12.36B	8.40B	8.06B	5.94B	3.12B	2.11B	2.52B	2.62B	97.40M	156.20M	1.02B	6.20B
Net debt	2.69B	4.76B	6.63B	6.21B	—	6.48B	7.00B	10.68B	10.80B	8.08B	7.31B	5.26B	2.78B	1.65B	1.74B	-2.07B	-9.00B	-3.80B	-1.12B	1.77B
Change in accounts receivable	-199.50M	462.52M	-1.14B	-1.45B	-1.77B	1.39B	-2.01B	-1.27B	-1.49B	-47.40M	-2.16B	-1.73B	-2.33B	26.00M	1.28B	-157.00M	1.22B	-1.61B	-9.19B	-5.59B
Change in taxes payable	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-127.19M	—	—	—	—	—	—	-1.18B	-238.60M	1.38B	680.90M	434.60M	647.10M	732.30M	-460.40M	754.60M	167.60M	842.50M	2.26B	1.96B
Change in other assets/liabilities	-1.34B	681.81M	401.06M	-1.17B	1.65B	1.52B	2.77B	889.80M	-33.50M	2.20B	1.48B	1.94B	987.50M	383.30M	-2.40B	2.81B	-399.30M	-469.50M	1.09B	1.88B
Sale of fixed assets & businesses	0	94.61M	33.40M	16.17M	17.40M	12.36M	7.90M	19.70M	1.80M	5.50M	6.10M	460.50M	2.70M	13.00M	5.90M	509.10M	7.70M	19.80M	8.20M	1.40M
Purchase/sale of investments, net	-11.79M	8.69M	-7.00K	-900.25M	528.24M	489.94M	-200.00K	-1.21B	509.80M	689.60M	-43.10M	-6.90M	21.60M	-10.70M	-14.40M	-63.80M	-22.60M	-500.00K	-9.80M	13.40M
Sale/maturity of investments	0	8.69M	—	0	528.24M	489.94M	0	0	534.50M	769.30M	2.10M	3.90M	89.90M	88.80M	3.90M	33.50M	24.70M	61.10M	7.00M	64.50M
Purchase of investments	-11.79M	—	-7.00K	-900.25M	0	0	-200.00K	-1.21B	-24.70M	-79.70M	-45.20M	-10.80M	-68.30M	-99.50M	-18.30M	-97.30M	-47.30M	-61.60M	-16.80M	-51.10M
Other investing cash flow items, total	0	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	547.05M	2.20B	1.26B	523.79M	346.22M	-133.40M	540.50M	3.09B	-688.00M	-3.96B	-1.86B	-2.12B	-2.82B	-1.01B	115.10M	145.90M	-2.50B	0	774.10M	4.97B
Issuance/retirement of long term debt	1.61B	1.28B	1.08B	523.79M	346.22M	-133.40M	540.50M	3.03B	-7.80M	-944.70M	-2.11B	-2.11B	-1.23B	-537.90M	-1.38B	1.75B	-2.50B	0	0	0
Issuance/retirement of short term debt	-1.06B	916.14M	171.12M	—	0	0	0	66.80M	-680.20M	-3.01B	253.00M	-9.80M	-1.59B	-467.80M	1.49B	-1.60B	-1.70M	0	774.10M	4.97B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-57.18M	-212.74M	-21.61M	-128.78M	-128.78M	-187.43M	-268.20M	-244.20M	-238.80M	-303.10M	-317.40M	-306.50M	-308.40M	-557.80M	-799.50M	-661.20M	-132.10M	-2.78B	-1.98B	-2.64B
Other financing cash flow items, total	604.82M	0	-3.67M	4.25B	0	-374.08M	2.83B	—	0	0	0	0	0	0	0	-2.00M	-2.30M	-2.30M	57.60M	-2.20M