UPL Ltd

NSE: UPL BSE: 512070

₹529

+11.15 (2.15%)

Wed, 11 Nov 2026, 03:48 am

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

Market Cap (in Cr)43812.38

PE Ratio23.66

Dividend1.16

Process Industries

Chemicals: Agricultural

24.5K

UPL 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	-730.20M	-853.30M	-1.26B	-1.36B	-1.59B	-2.56B	-3.16B	-3.34B	-2.87B	-5.65B	-6.01B	-5.89B	-5.33B	-8.32B	-15.04B	-16.88B	-16.06B	-25.48B	-30.91B	-31.10B
Pretax equity in earnings	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity in earnings	0	241.50M	221.80M	199.50M	187.50M	-141.70M	-351.20M	360.10M	220.90M	209.40M	-850.00M	-190.00M	-930.00M	140.00M	30.00M	420.00M	1.34B	1.57B	-2.42B	-4.72B
Total assets	33.83B	47.84B	52.71B	64.76B	69.65B	82.82B	103.53B	124.53B	128.58B	143.05B	169.88B	203.81B	230.43B	631.66B	700.83B	704.31B	826.79B	885.77B	875.46B	880.02B
Total current assets	20.30B	25.17B	28.58B	41.17B	43.24B	49.91B	57.35B	74.37B	75.61B	83.72B	111.83B	136.58B	150.11B	266.96B	291.90B	300.15B	396.80B	419.88B	392.99B	396.17B
Cash and short term investments	4.16B	4.60B	4.95B	5.54B	15.78B	15.81B	8.25B	18.32B	10.23B	10.10B	11.89B	28.95B	29.01B	28.53B	67.52B	48.90B	69.60B	61.43B	62.97B	98.57B
Cash & equivalents	2.70B	3.60B	4.42B	5.52B	9.95B	11.88B	6.98B	15.45B	7.38B	4.92B	11.87B	28.94B	28.80B	28.49B	67.49B	48.51B	58.42B	60.13B	59.93B	95.15B
Short term investments	1.45B	1.00B	525.90M	14.20M	5.82B	3.92B	1.27B	2.87B	2.85B	5.18B	20.00M	10.00M	210.00M	40.00M	30.00M	390.00M	11.18B	1.30B	3.04B	3.42B
Total receivables, net	10.35B	9.11B	11.86B	17.09B	15.94B	19.18B	29.69B	34.68B	39.41B	42.11B	56.02B	62.66B	71.34B	134.78B	134.18B	143.14B	185.73B	206.87B	188.89B	180.10B
Accounts receivable - trade, net	4.30B	5.70B	8.54B	11.41B	12.13B	14.79B	24.45B	26.85B	32.08B	36.76B	51.00B	56.56B	60.56B	116.79B	118.67B	125.91B	153.28B	182.24B	163.54B	155.05B
Other receivables	6.06B	3.41B	3.32B	5.68B	3.81B	4.39B	5.23B	7.83B	7.33B	5.35B	5.02B	6.10B	10.78B	17.99B	15.51B	17.23B	32.45B	24.63B	25.35B	25.05B
Total inventory	5.39B	10.43B	10.85B	16.85B	10.08B	14.06B	18.78B	20.69B	24.80B	29.38B	37.87B	41.56B	45.38B	91.33B	78.50B	94.22B	130.78B	139.85B	127.76B	109.72B
Other current assets, total	399.30M	937.80M	917.20M	1.70B	1.28B	550.90M	614.50M	579.90M	1.17B	1.35B	6.05B	3.41B	4.38B	12.32B	11.70B	13.89B	10.69B	11.73B	13.37B	5.41B
Total non-current assets	13.53B	22.67B	24.13B	23.59B	26.41B	32.91B	46.18B	50.16B	52.98B	59.33B	58.05B	67.23B	80.32B	364.70B	408.93B	404.16B	429.99B	465.89B	482.47B	483.85B
Long term investments	2.24B	3.91B	7.57B	4.33B	7.61B	8.23B	8.95B	9.08B	9.41B	10.14B	4.90B	6.77B	12.82B	13.07B	13.90B	16.51B	18.06B	19.96B	21.93B	21.93B
Note receivable - long term	—	—	—	—	—	—	2.10B	1.67B	2.04B	2.46B	1.54B	2.99B	2.55B	4.01B	7.44B	10.70B	5.49B	4.18B	3.00B	1.85B
Investments in unconsolidated subsidiaries	1.65B	2.61B	2.37B	2.92B	3.21B	4.37B	4.82B	5.33B	5.49B	5.45B	1.75B	1.74B	3.86B	4.08B	3.60B	3.80B	5.60B	9.73B	12.38B	13.94B
Other investments	582.20M	1.30B	5.20B	1.42B	4.40B	3.86B	2.03B	2.09B	1.88B	2.23B	1.61B	2.04B	6.41B	4.98B	2.86B	2.01B	6.97B	6.05B	6.55B	6.14B
Net property/plant/equipment	5.54B	6.95B	8.10B	10.34B	10.23B	10.46B	13.95B	15.67B	18.35B	21.14B	26.19B	31.48B	40.57B	59.07B	74.01B	80.93B	93.43B	103.21B	108.38B	100.95B
Gross property/plant/equipment	10.02B	18.26B	19.33B	22.69B	22.52B	23.57B	28.66B	32.30B	38.00B	40.65B	49.02B	55.91B	68.68B	102.73B	124.39B	138.69B	154.46B	174.07B	187.53B	189.67B
Deferred tax assets	413.00M	21.90M	563.10M	765.30M	665.20M	809.40M	996.80M	1.30B	994.00M	1.38B	5.09B	6.70B	5.29B	7.31B	16.55B	16.66B	20.76B	26.61B	35.95B	33.22B
Net intangible assets	5.33B	11.79B	7.89B	8.15B	7.90B	13.41B	21.33B	23.00B	22.79B	25.09B	17.46B	17.47B	17.92B	281.48B	300.97B	288.36B	294.32B	312.64B	312.07B	315.84B
Goodwill, net	975.60M	3.97B	4.69B	4.73B	4.82B	5.48B	11.41B	12.77B	12.12B	14.49B	4.17B	4.19B	4.32B	166.27B	182.41B	176.89B	183.64B	198.98B	201.84B	206.75B
Other intangibles, net	4.35B	7.82B	3.20B	3.42B	3.08B	7.93B	9.92B	10.23B	10.67B	10.60B	13.29B	13.28B	13.60B	115.21B	118.56B	111.47B	110.68B	113.66B	110.23B	109.09B
Other long term assets, total	0	0	0	0	0	0	610.00M	700.30M	1.43B	1.58B	4.41B	4.81B	3.72B	3.77B	3.50B	1.70B	3.42B	3.47B	4.14B	11.81B
Short term debt	1.78B	1.80B	684.00M	2.30B	9.30B	13.02B	10.12B	13.91B	10.95B	15.87B	29.92B	10.11B	7.65B	27.57B	14.29B	16.80B	43.80B	30.07B	45.91B	56.65B
Current portion of LT debt and capital leases	2.20M	1.80M	1.30M	700.00K	6.52B	9.94B	1.44B	2.76B	4.89B	4.99B	4.87B	3.03B	1.31B	2.79B	1.31B	2.66B	3.61B	19.01B	3.58B	46.49B
Short term debt excl. current portion of LT debt	1.78B	1.79B	682.70M	2.30B	2.78B	3.08B	8.67B	11.15B	6.07B	10.87B	25.05B	7.08B	6.34B	24.78B	12.98B	14.14B	40.19B	11.06B	42.33B	10.16B
Accounts payable	5.18B	10.17B	9.08B	11.28B	10.72B	11.38B	15.04B	21.18B	26.94B	32.12B	39.54B	48.75B	56.75B	98.47B	102.33B	125.25B	165.52B	176.14B	156.84B	108.67B
Income tax payable	65.50M	—	519.70M	198.40M	146.00M	149.80M	187.30M	767.00M	759.30M	609.40M	960.00M	760.00M	570.00M	5.96B	3.85B	5.23B	3.78B	6.55B	5.30B	5.00B
Long term debt	10.35B	17.80B	15.00B	18.79B	14.60B	11.90B	23.77B	28.12B	22.54B	16.94B	22.66B	53.50B	58.73B	263.83B	309.43B	257.12B	252.17B	238.05B	279.54B	222.42B
Long term debt excl. lease liabilities	10.31B	17.77B	14.99B	18.78B	14.59B	11.90B	23.77B	28.12B	22.54B	16.94B	22.60B	53.46B	58.70B	263.53B	309.36B	257.12B	252.17B	238.05B	279.54B	222.42B
Total equity	12.78B	15.00B	22.44B	26.82B	30.06B	37.44B	44.23B	48.79B	54.19B	59.05B	59.33B	74.30B	91.88B	181.69B	196.08B	215.94B	263.22B	324.43B	297.20B	348.40B
Shareholders' equity	12.77B	14.95B	22.38B	26.73B	29.92B	37.26B	41.73B	46.45B	52.47B	58.60B	58.89B	73.97B	91.69B	147.15B	162.96B	179.01B	216.75B	268.58B	248.07B	292.13B
Common equity, total	12.77B	14.95B	22.38B	26.73B	29.92B	37.26B	41.73B	46.45B	52.47B	58.60B	58.89B	73.15B	91.69B	147.15B	162.96B	179.01B	216.75B	268.58B	248.07B	292.13B
Other common equity	7.15B	9.25B	11.20B	15.55B	6.35B	23.17B	27.69B	34.93B	21.66B	18.52B	22.02B	-15.87B	-14.67B	-23.42B	-25.22B	-32.08B	15.33B	31.25B	32.26B	33.20B
Total debt	12.13B	19.59B	15.68B	21.09B	23.89B	24.92B	33.89B	42.03B	33.50B	32.81B	52.58B	63.61B	66.38B	291.40B	323.72B	273.92B	295.97B	268.12B	325.45B	279.07B
Net debt	7.97B	14.99B	10.74B	15.55B	8.12B	9.11B	25.64B	23.71B	23.27B	22.71B	40.69B	34.66B	37.37B	262.87B	256.20B	225.02B	226.37B	206.69B	262.48B	180.50B
Change in accounts receivable	-1.43B	6.92B	-1.87B	-4.12B	-729.50M	-2.73B	-7.60B	-2.61B	-6.37B	-5.02B	0	0	0	3.70B	-3.13B	-6.28B	-30.91B	-21.24B	14.87B	5.60B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	0	—	—	—	—	—	—	—	—	—
Change in accounts payable	883.70M	-405.60M	-327.30M	2.86B	-1.59B	4.21B	1.40B	5.67B	6.15B	5.61B	0	0	0	2.77B	1.19B	20.39B	39.25B	1.39B	-26.15B	6.00B
Change in other assets/liabilities	0	0	0	0	0	—	-7.40B	-1.07B	340.40M	-1.44B	-3.68B	3.68B	-10.00M	-9.88B	15.00B	-1.05B	9.93B	15.18B	-13.51B	0
Sale of fixed assets & businesses	0	0	0	148.20M	30.10M	147.30M	21.10M	311.80M	110.70M	683.30M	20.00M	560.00M	90.00M	4.49B	1.08B	570.00M	1.23B	710.00M	410.00M	4.40B
Purchase/sale of investments, net	-3.86B	-6.99B	-2.65B	1.46B	-107.90M	-1.73B	1.97B	-2.00B	1.78B	1.02B	-2.69B	90.00M	-4.51B	-910.00M	-30.00M	-300.00M	-14.19B	6.81B	-7.97B	-7.03B
Sale/maturity of investments	—	—	—	3.62B	295.10M	2.70B	11.26B	446.20M	1.79B	3.35B	1.24B	120.00M	0	90.00M	60.00M	0	160.00M	13.00B	840.00M	340.00M
Purchase of investments	-3.86B	-6.99B	-2.65B	-2.16B	-403.00M	-4.43B	-9.29B	-2.45B	-12.90M	-2.33B	-3.93B	-30.00M	-4.51B	-1.00B	-90.00M	-300.00M	-14.35B	-6.19B	-8.81B	-7.37B
Other investing cash flow items, total	-710.30M	-579.00M	724.70M	-2.19B	2.71B	97.60M	-1.85B	-2.08B	-697.40M	3.23B	-4.93B	720.00M	-3.56B	630.00M	-920.00M	20.00M	1.15B	-400.00M	610.00M	-2.02B
Issuance/retirement of debt, net	9.98B	7.24B	-3.28B	4.80B	2.85B	2.89B	7.02B	6.37B	-8.50B	-689.10M	12.84B	10.79B	2.84B	219.66B	-28.70B	-43.18B	12.20B	-46.43B	47.52B	-53.54B
Issuance/retirement of long term debt	9.98B	0	0	0	—	2.89B	0	0	-8.50B	-5.50B	3.54B	29.00B	3.29B	206.58B	-16.67B	-44.63B	-13.57B	-17.49B	15.99B	-21.37B
Issuance/retirement of short term debt	—	—	—	—	—	0	—	—	—	4.81B	9.30B	-18.21B	-450.00M	13.08B	-12.03B	1.45B	25.77B	-28.94B	31.53B	-32.17B
Issuance/retirement of other debt	—	7.24B	-3.28B	4.80B	2.85B	—	7.02B	6.37B	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-140.90M	-395.70M	-14.40M	-438.00M	-657.30M	-877.30M	-920.10M	-1.15B	-1.10B	-1.71B	-2.13B	-2.12B	-3.57B	-4.07B	-4.07B	-4.58B	-7.64B	-7.50B	-7.49B	-770.00M
Other financing cash flow items, total	-491.50M	-57.90M	712.40M	-1.27B	-235.60M	-271.20M	-259.10M	-330.20M	-119.30M	-122.50M	-160.00M	-160.00M	-120.00M	-170.00M	-500.00M	0	-1.58B	52.30B	0	28.63B

UPL Balance Sheet

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	-730.20M	-853.30M	-1.26B	-1.36B	-1.59B	-2.56B	-3.16B	-3.34B	-2.87B	-5.65B	-6.01B	-5.89B	-5.33B	-8.32B	-15.04B	-16.88B	-16.06B	-25.48B	-30.91B	-31.10B
Pretax equity in earnings	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity in earnings	0	241.50M	221.80M	199.50M	187.50M	-141.70M	-351.20M	360.10M	220.90M	209.40M	-850.00M	-190.00M	-930.00M	140.00M	30.00M	420.00M	1.34B	1.57B	-2.42B	-4.72B
Total assets	33.83B	47.84B	52.71B	64.76B	69.65B	82.82B	103.53B	124.53B	128.58B	143.05B	169.88B	203.81B	230.43B	631.66B	700.83B	704.31B	826.79B	885.77B	875.46B	880.02B
Total current assets	20.30B	25.17B	28.58B	41.17B	43.24B	49.91B	57.35B	74.37B	75.61B	83.72B	111.83B	136.58B	150.11B	266.96B	291.90B	300.15B	396.80B	419.88B	392.99B	396.17B
Cash and short term investments	4.16B	4.60B	4.95B	5.54B	15.78B	15.81B	8.25B	18.32B	10.23B	10.10B	11.89B	28.95B	29.01B	28.53B	67.52B	48.90B	69.60B	61.43B	62.97B	98.57B
Cash & equivalents	2.70B	3.60B	4.42B	5.52B	9.95B	11.88B	6.98B	15.45B	7.38B	4.92B	11.87B	28.94B	28.80B	28.49B	67.49B	48.51B	58.42B	60.13B	59.93B	95.15B
Short term investments	1.45B	1.00B	525.90M	14.20M	5.82B	3.92B	1.27B	2.87B	2.85B	5.18B	20.00M	10.00M	210.00M	40.00M	30.00M	390.00M	11.18B	1.30B	3.04B	3.42B
Total receivables, net	10.35B	9.11B	11.86B	17.09B	15.94B	19.18B	29.69B	34.68B	39.41B	42.11B	56.02B	62.66B	71.34B	134.78B	134.18B	143.14B	185.73B	206.87B	188.89B	180.10B
Accounts receivable - trade, net	4.30B	5.70B	8.54B	11.41B	12.13B	14.79B	24.45B	26.85B	32.08B	36.76B	51.00B	56.56B	60.56B	116.79B	118.67B	125.91B	153.28B	182.24B	163.54B	155.05B
Other receivables	6.06B	3.41B	3.32B	5.68B	3.81B	4.39B	5.23B	7.83B	7.33B	5.35B	5.02B	6.10B	10.78B	17.99B	15.51B	17.23B	32.45B	24.63B	25.35B	25.05B
Total inventory	5.39B	10.43B	10.85B	16.85B	10.08B	14.06B	18.78B	20.69B	24.80B	29.38B	37.87B	41.56B	45.38B	91.33B	78.50B	94.22B	130.78B	139.85B	127.76B	109.72B
Other current assets, total	399.30M	937.80M	917.20M	1.70B	1.28B	550.90M	614.50M	579.90M	1.17B	1.35B	6.05B	3.41B	4.38B	12.32B	11.70B	13.89B	10.69B	11.73B	13.37B	5.41B
Total non-current assets	13.53B	22.67B	24.13B	23.59B	26.41B	32.91B	46.18B	50.16B	52.98B	59.33B	58.05B	67.23B	80.32B	364.70B	408.93B	404.16B	429.99B	465.89B	482.47B	483.85B
Long term investments	2.24B	3.91B	7.57B	4.33B	7.61B	8.23B	8.95B	9.08B	9.41B	10.14B	4.90B	6.77B	12.82B	13.07B	13.90B	16.51B	18.06B	19.96B	21.93B	21.93B
Note receivable - long term	—	—	—	—	—	—	2.10B	1.67B	2.04B	2.46B	1.54B	2.99B	2.55B	4.01B	7.44B	10.70B	5.49B	4.18B	3.00B	1.85B
Investments in unconsolidated subsidiaries	1.65B	2.61B	2.37B	2.92B	3.21B	4.37B	4.82B	5.33B	5.49B	5.45B	1.75B	1.74B	3.86B	4.08B	3.60B	3.80B	5.60B	9.73B	12.38B	13.94B
Other investments	582.20M	1.30B	5.20B	1.42B	4.40B	3.86B	2.03B	2.09B	1.88B	2.23B	1.61B	2.04B	6.41B	4.98B	2.86B	2.01B	6.97B	6.05B	6.55B	6.14B
Net property/plant/equipment	5.54B	6.95B	8.10B	10.34B	10.23B	10.46B	13.95B	15.67B	18.35B	21.14B	26.19B	31.48B	40.57B	59.07B	74.01B	80.93B	93.43B	103.21B	108.38B	100.95B
Gross property/plant/equipment	10.02B	18.26B	19.33B	22.69B	22.52B	23.57B	28.66B	32.30B	38.00B	40.65B	49.02B	55.91B	68.68B	102.73B	124.39B	138.69B	154.46B	174.07B	187.53B	189.67B
Deferred tax assets	413.00M	21.90M	563.10M	765.30M	665.20M	809.40M	996.80M	1.30B	994.00M	1.38B	5.09B	6.70B	5.29B	7.31B	16.55B	16.66B	20.76B	26.61B	35.95B	33.22B
Net intangible assets	5.33B	11.79B	7.89B	8.15B	7.90B	13.41B	21.33B	23.00B	22.79B	25.09B	17.46B	17.47B	17.92B	281.48B	300.97B	288.36B	294.32B	312.64B	312.07B	315.84B
Goodwill, net	975.60M	3.97B	4.69B	4.73B	4.82B	5.48B	11.41B	12.77B	12.12B	14.49B	4.17B	4.19B	4.32B	166.27B	182.41B	176.89B	183.64B	198.98B	201.84B	206.75B
Other intangibles, net	4.35B	7.82B	3.20B	3.42B	3.08B	7.93B	9.92B	10.23B	10.67B	10.60B	13.29B	13.28B	13.60B	115.21B	118.56B	111.47B	110.68B	113.66B	110.23B	109.09B
Other long term assets, total	0	0	0	0	0	0	610.00M	700.30M	1.43B	1.58B	4.41B	4.81B	3.72B	3.77B	3.50B	1.70B	3.42B	3.47B	4.14B	11.81B
Short term debt	1.78B	1.80B	684.00M	2.30B	9.30B	13.02B	10.12B	13.91B	10.95B	15.87B	29.92B	10.11B	7.65B	27.57B	14.29B	16.80B	43.80B	30.07B	45.91B	56.65B
Current portion of LT debt and capital leases	2.20M	1.80M	1.30M	700.00K	6.52B	9.94B	1.44B	2.76B	4.89B	4.99B	4.87B	3.03B	1.31B	2.79B	1.31B	2.66B	3.61B	19.01B	3.58B	46.49B
Short term debt excl. current portion of LT debt	1.78B	1.79B	682.70M	2.30B	2.78B	3.08B	8.67B	11.15B	6.07B	10.87B	25.05B	7.08B	6.34B	24.78B	12.98B	14.14B	40.19B	11.06B	42.33B	10.16B
Accounts payable	5.18B	10.17B	9.08B	11.28B	10.72B	11.38B	15.04B	21.18B	26.94B	32.12B	39.54B	48.75B	56.75B	98.47B	102.33B	125.25B	165.52B	176.14B	156.84B	108.67B
Income tax payable	65.50M	—	519.70M	198.40M	146.00M	149.80M	187.30M	767.00M	759.30M	609.40M	960.00M	760.00M	570.00M	5.96B	3.85B	5.23B	3.78B	6.55B	5.30B	5.00B
Long term debt	10.35B	17.80B	15.00B	18.79B	14.60B	11.90B	23.77B	28.12B	22.54B	16.94B	22.66B	53.50B	58.73B	263.83B	309.43B	257.12B	252.17B	238.05B	279.54B	222.42B
Long term debt excl. lease liabilities	10.31B	17.77B	14.99B	18.78B	14.59B	11.90B	23.77B	28.12B	22.54B	16.94B	22.60B	53.46B	58.70B	263.53B	309.36B	257.12B	252.17B	238.05B	279.54B	222.42B
Total equity	12.78B	15.00B	22.44B	26.82B	30.06B	37.44B	44.23B	48.79B	54.19B	59.05B	59.33B	74.30B	91.88B	181.69B	196.08B	215.94B	263.22B	324.43B	297.20B	348.40B
Shareholders' equity	12.77B	14.95B	22.38B	26.73B	29.92B	37.26B	41.73B	46.45B	52.47B	58.60B	58.89B	73.97B	91.69B	147.15B	162.96B	179.01B	216.75B	268.58B	248.07B	292.13B
Common equity, total	12.77B	14.95B	22.38B	26.73B	29.92B	37.26B	41.73B	46.45B	52.47B	58.60B	58.89B	73.15B	91.69B	147.15B	162.96B	179.01B	216.75B	268.58B	248.07B	292.13B
Other common equity	7.15B	9.25B	11.20B	15.55B	6.35B	23.17B	27.69B	34.93B	21.66B	18.52B	22.02B	-15.87B	-14.67B	-23.42B	-25.22B	-32.08B	15.33B	31.25B	32.26B	33.20B
Total debt	12.13B	19.59B	15.68B	21.09B	23.89B	24.92B	33.89B	42.03B	33.50B	32.81B	52.58B	63.61B	66.38B	291.40B	323.72B	273.92B	295.97B	268.12B	325.45B	279.07B
Net debt	7.97B	14.99B	10.74B	15.55B	8.12B	9.11B	25.64B	23.71B	23.27B	22.71B	40.69B	34.66B	37.37B	262.87B	256.20B	225.02B	226.37B	206.69B	262.48B	180.50B
Change in accounts receivable	-1.43B	6.92B	-1.87B	-4.12B	-729.50M	-2.73B	-7.60B	-2.61B	-6.37B	-5.02B	0	0	0	3.70B	-3.13B	-6.28B	-30.91B	-21.24B	14.87B	5.60B
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	0	—	—	—	—	—	—	—	—	—
Change in accounts payable	883.70M	-405.60M	-327.30M	2.86B	-1.59B	4.21B	1.40B	5.67B	6.15B	5.61B	0	0	0	2.77B	1.19B	20.39B	39.25B	1.39B	-26.15B	6.00B
Change in other assets/liabilities	0	0	0	0	0	—	-7.40B	-1.07B	340.40M	-1.44B	-3.68B	3.68B	-10.00M	-9.88B	15.00B	-1.05B	9.93B	15.18B	-13.51B	0
Sale of fixed assets & businesses	0	0	0	148.20M	30.10M	147.30M	21.10M	311.80M	110.70M	683.30M	20.00M	560.00M	90.00M	4.49B	1.08B	570.00M	1.23B	710.00M	410.00M	4.40B
Purchase/sale of investments, net	-3.86B	-6.99B	-2.65B	1.46B	-107.90M	-1.73B	1.97B	-2.00B	1.78B	1.02B	-2.69B	90.00M	-4.51B	-910.00M	-30.00M	-300.00M	-14.19B	6.81B	-7.97B	-7.03B
Sale/maturity of investments	—	—	—	3.62B	295.10M	2.70B	11.26B	446.20M	1.79B	3.35B	1.24B	120.00M	0	90.00M	60.00M	0	160.00M	13.00B	840.00M	340.00M
Purchase of investments	-3.86B	-6.99B	-2.65B	-2.16B	-403.00M	-4.43B	-9.29B	-2.45B	-12.90M	-2.33B	-3.93B	-30.00M	-4.51B	-1.00B	-90.00M	-300.00M	-14.35B	-6.19B	-8.81B	-7.37B
Other investing cash flow items, total	-710.30M	-579.00M	724.70M	-2.19B	2.71B	97.60M	-1.85B	-2.08B	-697.40M	3.23B	-4.93B	720.00M	-3.56B	630.00M	-920.00M	20.00M	1.15B	-400.00M	610.00M	-2.02B
Issuance/retirement of debt, net	9.98B	7.24B	-3.28B	4.80B	2.85B	2.89B	7.02B	6.37B	-8.50B	-689.10M	12.84B	10.79B	2.84B	219.66B	-28.70B	-43.18B	12.20B	-46.43B	47.52B	-53.54B
Issuance/retirement of long term debt	9.98B	0	0	0	—	2.89B	0	0	-8.50B	-5.50B	3.54B	29.00B	3.29B	206.58B	-16.67B	-44.63B	-13.57B	-17.49B	15.99B	-21.37B
Issuance/retirement of short term debt	—	—	—	—	—	0	—	—	—	4.81B	9.30B	-18.21B	-450.00M	13.08B	-12.03B	1.45B	25.77B	-28.94B	31.53B	-32.17B
Issuance/retirement of other debt	—	7.24B	-3.28B	4.80B	2.85B	—	7.02B	6.37B	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-140.90M	-395.70M	-14.40M	-438.00M	-657.30M	-877.30M	-920.10M	-1.15B	-1.10B	-1.71B	-2.13B	-2.12B	-3.57B	-4.07B	-4.07B	-4.58B	-7.64B	-7.50B	-7.49B	-770.00M
Other financing cash flow items, total	-491.50M	-57.90M	712.40M	-1.27B	-235.60M	-271.20M	-259.10M	-330.20M	-119.30M	-122.50M	-160.00M	-160.00M	-120.00M	-170.00M	-500.00M	0	-1.58B	52.30B	0	28.63B