Vadilal Industries Ltd

NSE: VADILALIND BSE: 519156

₹7129.50

+2 (0.03%)

Fri, 23 Oct 2026, 10:50 pm

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

Market Cap (in Cr)5122.08

PE Ratio23.40

Dividend0.84

Consumer Non-Durables

Food: Specialty/Candy

24.5K

Vadilal 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	-29.74M	-31.13M	-37.52M	-65.67M	-61.59M	-94.25M	-188.41M	-240.70M	-252.47M	-257.32M	-214.55M	-159.81M	-153.15M	-140.74M	-167.16M	-214.40M	-193.84M	-158.54M	-179.00M	-136.80M
Pretax equity in earnings	12.00K	0	0	0	0	0	0	0	0	—	—	—	0	0	0	0	0	0	0	0
Equity in earnings	-4.93M	1.73M	1.06M	159.00K	0	0	0	261.00K	232.00K	445.00K	563.00K	0	0	0	0	0	0	0	0	0
Total assets	824.16M	979.46M	1.28B	1.39B	1.90B	2.33B	3.30B	3.53B	3.78B	3.72B	3.67B	4.21B	4.45B	4.84B	5.81B	5.75B	6.35B	8.52B	9.49B	10.94B
Total current assets	494.64M	576.88M	720.37M	799.17M	1.05B	1.10B	1.15B	1.12B	1.29B	1.28B	1.27B	1.49B	1.62B	1.82B	2.34B	2.42B	3.02B	3.97B	4.33B	5.30B
Cash and short term investments	26.74M	10.55M	14.96M	16.54M	26.57M	15.54M	21.70M	17.45M	32.91M	50.88M	42.34M	59.65M	46.32M	86.24M	191.65M	356.86M	517.00M	375.42M	637.60M	572.30M
Cash & equivalents	21.90M	6.11M	11.40M	6.87M	10.79M	10.43M	9.20M	13.90M	37.80M	41.70M	42.15M	40.24M	27.08M	63.06M	98.18M	330.76M	514.87M	369.24M	532.30M	400.40M
Short term investments	4.83M	4.44M	3.56M	9.67M	15.77M	5.11M	12.51M	3.55M	-4.88M	9.19M	193.00K	19.41M	19.23M	23.18M	93.48M	26.09M	2.13M	6.18M	105.30M	171.90M
Total receivables, net	236.98M	266.13M	339.30M	355.21M	399.03M	452.46M	429.84M	217.81M	246.10M	245.11M	280.71M	135.89M	446.64M	342.98M	454.25M	511.92M	737.33M	840.44M	1.06B	1.35B
Accounts receivable - trade, net	196.12M	219.77M	274.24M	296.42M	327.57M	345.53M	325.01M	127.63M	152.73M	155.81M	215.81M	108.95M	419.90M	310.73M	441.50M	452.98M	654.38M	774.54M	967.80M	1.23B
Other receivables	40.85M	46.36M	65.06M	58.79M	71.46M	106.93M	104.83M	90.18M	93.37M	89.30M	64.91M	26.94M	26.74M	32.26M	12.75M	58.93M	82.95M	65.90M	95.00M	123.40M
Total inventory	177.30M	243.82M	308.61M	370.00M	559.77M	563.08M	677.87M	880.17M	1.01B	973.25M	937.13M	1.23B	1.07B	1.31B	1.60B	1.47B	1.71B	2.64B	2.29B	3.25B
Other current assets, total	47.91M	50.44M	51.30M	52.14M	60.08M	62.29M	15.82M	0	642.00K	0	750.00K	50.99M	22.32M	45.80M	76.55M	46.54M	31.78M	78.82M	294.80M	83.50M
Total non-current assets	329.51M	402.58M	557.81M	587.69M	851.28M	1.23B	2.16B	2.41B	2.49B	2.44B	2.41B	2.73B	2.83B	3.02B	3.47B	3.33B	3.33B	4.55B	5.16B	5.64B
Long term investments	16.33M	18.06M	19.09M	19.12M	701.00K	657.00K	34.02M	46.05M	56.25M	63.42M	9.50M	20.38M	36.94M	38.78M	12.85M	9.51M	12.15M	56.96M	57.90M	105.80M
Note receivable - long term	—	—	—	—	—	—	30.42M	40.40M	49.50M	55.46M	232.00K	459.00K	165.00K	944.00K	538.00K	105.00K	436.00K	1.14M	1.00M	11.00M
Investments in unconsolidated subsidiaries	13.35M	15.07M	16.13M	16.29M	259.00K	259.00K	—	333.00K	565.00K	1.01M	1.57M	0	0	0	0	0	0	0	0	0
Other investments	2.99M	2.98M	2.96M	2.83M	442.00K	398.00K	3.60M	5.32M	6.18M	6.96M	7.70M	19.92M	36.78M	37.83M	12.32M	9.41M	11.71M	55.82M	56.90M	94.80M
Net property/plant/equipment	303.83M	378.53M	530.79M	560.35M	839.35M	1.23B	2.05B	2.22B	2.29B	2.22B	2.21B	2.52B	2.64B	2.81B	3.27B	3.17B	3.13B	4.23B	4.67B	5.43B
Gross property/plant/equipment	618.96M	719.45M	906.37M	982.58M	1.32B	1.78B	2.88B	3.17B	3.37B	3.38B	3.49B	3.66B	3.91B	4.22B	4.84B	4.89B	5.00B	6.26B	6.86B	7.84B
Deferred tax assets	3.18M	2.78M	3.67M	4.07M	4.97M	—	9.48M	7.45M	14.04M	23.11M	11.25M	74.73M	56.51M	67.54M	72.86M	77.33M	120.39M	141.57M	323.30M	0
Net intangible assets	0	0	0	0	0	0	0	13.41M	33.55M	43.14M	46.16M	35.16M	25.02M	20.04M	14.41M	11.04M	8.66M	26.41M	23.70M	25.00M
Goodwill, net	—	—	—	—	—	0	0	0	0	0	0	0	0	0	0	0	0	7.37M	7.50M	7.60M
Other intangibles, net	—	—	—	—	—	0	0	13.41M	33.55M	43.14M	46.16M	35.16M	25.02M	20.04M	14.41M	11.04M	8.66M	19.05M	16.20M	17.40M
Other long term assets, total	0	0	0	0	0	0	56.07M	112.49M	90.90M	87.61M	131.21M	35.07M	41.73M	49.95M	63.02M	42.37M	46.96M	75.63M	78.90M	68.70M
Short term debt	250.18M	272.51M	354.94M	416.40M	523.11M	782.02M	648.84M	964.38M	840.46M	911.68M	761.68M	845.66M	704.80M	896.64M	1.29B	902.61M	988.04M	1.53B	906.90M	508.70M
Current portion of LT debt and capital leases	67.09M	67.76M	55.80M	94.81M	107.05M	154.32M	136.90M	227.41M	234.00M	269.35M	221.90M	199.62M	174.28M	240.26M	238.77M	206.35M	263.10M	381.39M	387.50M	283.50M
Short term debt excl. current portion of LT debt	183.09M	204.75M	299.14M	321.59M	416.06M	627.69M	511.93M	736.97M	606.46M	642.33M	539.78M	646.05M	530.52M	656.39M	1.06B	696.26M	724.94M	1.15B	519.40M	225.20M
Accounts payable	68.09M	139.13M	227.23M	211.53M	378.57M	267.54M	448.58M	396.89M	589.10M	655.65M	713.23M	838.93M	779.77M	695.70M	849.63M	1.11B	825.42M	897.08M	977.40M	1.35B
Income tax payable	7.79M	30.78M	8.19M	2.55M	23.92M	1.91M	5.22M	999.00K	9.48M	—	8.04M	2.80M	0	22.83M	25.45M	110.61M	151.63M	26.45M	5.80M	2.30M
Long term debt	78.75M	82.82M	194.52M	245.52M	389.14M	631.95M	827.29M	756.10M	819.97M	607.54M	455.54M	343.96M	709.91M	579.90M	639.03M	674.73M	869.09M	1.38B	1.33B	1.67B
Long term debt excl. lease liabilities	78.75M	82.82M	194.52M	245.52M	389.14M	631.95M	819.68M	756.10M	819.97M	607.54M	455.54M	343.96M	709.91M	579.90M	639.03M	674.73M	869.09M	1.38B	1.33B	1.67B
Total equity	284.27M	329.54M	354.90M	353.73M	392.88M	425.05M	1.10B	1.13B	1.13B	1.14B	1.27B	1.61B	1.76B	2.08B	2.47B	2.51B	2.98B	3.98B	5.43B	6.96B
Shareholders' equity	283.74M	328.95M	354.25M	353.05M	392.17M	424.26M	1.10B	1.13B	1.13B	1.14B	1.27B	1.61B	1.75B	2.07B	2.47B	2.51B	2.97B	3.97B	5.42B	6.95B
Common equity, total	283.74M	328.95M	354.25M	353.05M	392.17M	424.26M	1.10B	1.13B	1.13B	1.14B	1.27B	1.61B	1.75B	2.07B	2.47B	2.51B	2.97B	3.97B	5.42B	6.95B
Other common equity	163.13M	208.35M	233.65M	232.44M	271.56M	303.66M	975.67M	1.01B	979.10M	982.86M	1.10B	1.24B	1.24B	1.24B	1.24B	1.23B	1.24B	1.29B	1.29B	1.33B
Total debt	328.93M	355.34M	549.45M	661.92M	912.25M	1.41B	1.48B	1.72B	1.66B	1.52B	1.22B	1.19B	1.41B	1.48B	1.93B	1.58B	1.86B	2.91B	2.23B	2.18B
Net debt	302.19M	344.79M	534.49M	645.38M	885.68M	1.40B	1.45B	1.70B	1.63B	1.47B	1.17B	1.13B	1.37B	1.39B	1.74B	1.22B	1.34B	2.53B	1.60B	1.61B
Change in accounts receivable	16.15M	-19.79M	-66.95M	-17.28M	-44.85M	-19.83M	-90.17M	211.61M	-25.42M	-4.06M	-61.06M	0	-393.45M	82.86M	-208.48M	-14.76M	-185.74M	-184.37M	-294.00M	-362.80M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-20.76M	51.73M	89.56M	-4.52M	194.84M	-101.09M	269.85M	-51.69M	192.21M	63.14M	61.09M	149.39M	-119.62M	-61.10M	416.68M	262.75M	-222.53M	96.02M	113.20M	353.90M
Change in other assets/liabilities	-1.23M	—	-3.40M	-2.06M	-4.09M	0	115.58M	19.92M	115.70M	9.69M	50.88M	66.95M	0	0	0	0	0	0	0	0
Sale of fixed assets & businesses	1.56M	1.91M	817.00K	908.00K	1.12M	27.00K	1.24M	1.42M	2.09M	50.68M	2.90M	3.20M	2.47M	2.07M	1.64M	1.52M	8.38M	4.91M	5.00M	23.60M
Purchase/sale of investments, net	-1.00K	0	-24.00K	173.00K	13.37M	3.60M	-22.00K	7.68M	-10.34M	-6.28M	4.26M	1.41M	0	4.17M	2.21M	209.00K	566.00K	-44.14M	-88.60M	-37.70M
Sale/maturity of investments	0	0	—	280.00K	16.88M	6.56M	—	12.50M	0	0	183.26M	131.41M	0	4.17M	2.41M	209.00K	566.00K	3.13M	—	0
Purchase of investments	-1.00K	0	-24.00K	-107.00K	-3.50M	-2.96M	-22.00K	-4.83M	-10.34M	-6.28M	-179.00M	-130.00M	0	0	-200.00K	0	0	-47.28M	-88.60M	-37.70M
Other investing cash flow items, total	-1.40M	2.02M	-5.18M	-86.00K	2.80M	-4.37M	-11.69M	3.07M	1.60M	-2.48M	1.79M	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	-26.83M	29.34M	202.25M	112.80M	259.20M	503.55M	23.17M	160.84M	-66.64M	-141.20M	-302.01M	-27.83M	225.09M	56.23M	258.47M	-301.46M	289.30M	322.32M	-866.70M	-354.80M
Issuance/retirement of long term debt	-26.83M	29.34M	202.25M	112.80M	259.20M	324.97M	197.61M	-78.66M	63.87M	-177.07M	-199.46M	-131.15M	340.62M	-69.65M	-140.59M	57.73M	260.62M	-103.15M	-235.70M	-60.60M
Issuance/retirement of short term debt	0	0	0	0	0	178.58M	-174.44M	239.50M	-130.51M	35.87M	-102.56M	103.32M	-115.53M	125.87M	399.06M	-359.19M	28.68M	425.48M	-631.00M	-294.20M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-3.48M	-8.23M	-9.92M	-9.91M	-9.87M	-12.29M	-12.25M	-10.58M	-12.30M	-8.54M	-8.61M	-10.81M	-10.81M	-10.83M	-10.83M	0	0	-8.98M	-10.80M	-10.80M
Other financing cash flow items, total	0	0	0	0	0	0	0	-1.75M	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	-29.74M	-31.13M	-37.52M	-65.67M	-61.59M	-94.25M	-188.41M	-240.70M	-252.47M	-257.32M	-214.55M	-159.81M	-153.15M	-140.74M	-167.16M	-214.40M	-193.84M	-158.54M	-179.00M	-136.80M
Pretax equity in earnings	12.00K	0	0	0	0	0	0	0	0	—	—	—	0	0	0	0	0	0	0	0
Equity in earnings	-4.93M	1.73M	1.06M	159.00K	0	0	0	261.00K	232.00K	445.00K	563.00K	0	0	0	0	0	0	0	0	0
Total assets	824.16M	979.46M	1.28B	1.39B	1.90B	2.33B	3.30B	3.53B	3.78B	3.72B	3.67B	4.21B	4.45B	4.84B	5.81B	5.75B	6.35B	8.52B	9.49B	10.94B
Total current assets	494.64M	576.88M	720.37M	799.17M	1.05B	1.10B	1.15B	1.12B	1.29B	1.28B	1.27B	1.49B	1.62B	1.82B	2.34B	2.42B	3.02B	3.97B	4.33B	5.30B
Cash and short term investments	26.74M	10.55M	14.96M	16.54M	26.57M	15.54M	21.70M	17.45M	32.91M	50.88M	42.34M	59.65M	46.32M	86.24M	191.65M	356.86M	517.00M	375.42M	637.60M	572.30M
Cash & equivalents	21.90M	6.11M	11.40M	6.87M	10.79M	10.43M	9.20M	13.90M	37.80M	41.70M	42.15M	40.24M	27.08M	63.06M	98.18M	330.76M	514.87M	369.24M	532.30M	400.40M
Short term investments	4.83M	4.44M	3.56M	9.67M	15.77M	5.11M	12.51M	3.55M	-4.88M	9.19M	193.00K	19.41M	19.23M	23.18M	93.48M	26.09M	2.13M	6.18M	105.30M	171.90M
Total receivables, net	236.98M	266.13M	339.30M	355.21M	399.03M	452.46M	429.84M	217.81M	246.10M	245.11M	280.71M	135.89M	446.64M	342.98M	454.25M	511.92M	737.33M	840.44M	1.06B	1.35B
Accounts receivable - trade, net	196.12M	219.77M	274.24M	296.42M	327.57M	345.53M	325.01M	127.63M	152.73M	155.81M	215.81M	108.95M	419.90M	310.73M	441.50M	452.98M	654.38M	774.54M	967.80M	1.23B
Other receivables	40.85M	46.36M	65.06M	58.79M	71.46M	106.93M	104.83M	90.18M	93.37M	89.30M	64.91M	26.94M	26.74M	32.26M	12.75M	58.93M	82.95M	65.90M	95.00M	123.40M
Total inventory	177.30M	243.82M	308.61M	370.00M	559.77M	563.08M	677.87M	880.17M	1.01B	973.25M	937.13M	1.23B	1.07B	1.31B	1.60B	1.47B	1.71B	2.64B	2.29B	3.25B
Other current assets, total	47.91M	50.44M	51.30M	52.14M	60.08M	62.29M	15.82M	0	642.00K	0	750.00K	50.99M	22.32M	45.80M	76.55M	46.54M	31.78M	78.82M	294.80M	83.50M
Total non-current assets	329.51M	402.58M	557.81M	587.69M	851.28M	1.23B	2.16B	2.41B	2.49B	2.44B	2.41B	2.73B	2.83B	3.02B	3.47B	3.33B	3.33B	4.55B	5.16B	5.64B
Long term investments	16.33M	18.06M	19.09M	19.12M	701.00K	657.00K	34.02M	46.05M	56.25M	63.42M	9.50M	20.38M	36.94M	38.78M	12.85M	9.51M	12.15M	56.96M	57.90M	105.80M
Note receivable - long term	—	—	—	—	—	—	30.42M	40.40M	49.50M	55.46M	232.00K	459.00K	165.00K	944.00K	538.00K	105.00K	436.00K	1.14M	1.00M	11.00M
Investments in unconsolidated subsidiaries	13.35M	15.07M	16.13M	16.29M	259.00K	259.00K	—	333.00K	565.00K	1.01M	1.57M	0	0	0	0	0	0	0	0	0
Other investments	2.99M	2.98M	2.96M	2.83M	442.00K	398.00K	3.60M	5.32M	6.18M	6.96M	7.70M	19.92M	36.78M	37.83M	12.32M	9.41M	11.71M	55.82M	56.90M	94.80M
Net property/plant/equipment	303.83M	378.53M	530.79M	560.35M	839.35M	1.23B	2.05B	2.22B	2.29B	2.22B	2.21B	2.52B	2.64B	2.81B	3.27B	3.17B	3.13B	4.23B	4.67B	5.43B
Gross property/plant/equipment	618.96M	719.45M	906.37M	982.58M	1.32B	1.78B	2.88B	3.17B	3.37B	3.38B	3.49B	3.66B	3.91B	4.22B	4.84B	4.89B	5.00B	6.26B	6.86B	7.84B
Deferred tax assets	3.18M	2.78M	3.67M	4.07M	4.97M	—	9.48M	7.45M	14.04M	23.11M	11.25M	74.73M	56.51M	67.54M	72.86M	77.33M	120.39M	141.57M	323.30M	0
Net intangible assets	0	0	0	0	0	0	0	13.41M	33.55M	43.14M	46.16M	35.16M	25.02M	20.04M	14.41M	11.04M	8.66M	26.41M	23.70M	25.00M
Goodwill, net	—	—	—	—	—	0	0	0	0	0	0	0	0	0	0	0	0	7.37M	7.50M	7.60M
Other intangibles, net	—	—	—	—	—	0	0	13.41M	33.55M	43.14M	46.16M	35.16M	25.02M	20.04M	14.41M	11.04M	8.66M	19.05M	16.20M	17.40M
Other long term assets, total	0	0	0	0	0	0	56.07M	112.49M	90.90M	87.61M	131.21M	35.07M	41.73M	49.95M	63.02M	42.37M	46.96M	75.63M	78.90M	68.70M
Short term debt	250.18M	272.51M	354.94M	416.40M	523.11M	782.02M	648.84M	964.38M	840.46M	911.68M	761.68M	845.66M	704.80M	896.64M	1.29B	902.61M	988.04M	1.53B	906.90M	508.70M
Current portion of LT debt and capital leases	67.09M	67.76M	55.80M	94.81M	107.05M	154.32M	136.90M	227.41M	234.00M	269.35M	221.90M	199.62M	174.28M	240.26M	238.77M	206.35M	263.10M	381.39M	387.50M	283.50M
Short term debt excl. current portion of LT debt	183.09M	204.75M	299.14M	321.59M	416.06M	627.69M	511.93M	736.97M	606.46M	642.33M	539.78M	646.05M	530.52M	656.39M	1.06B	696.26M	724.94M	1.15B	519.40M	225.20M
Accounts payable	68.09M	139.13M	227.23M	211.53M	378.57M	267.54M	448.58M	396.89M	589.10M	655.65M	713.23M	838.93M	779.77M	695.70M	849.63M	1.11B	825.42M	897.08M	977.40M	1.35B
Income tax payable	7.79M	30.78M	8.19M	2.55M	23.92M	1.91M	5.22M	999.00K	9.48M	—	8.04M	2.80M	0	22.83M	25.45M	110.61M	151.63M	26.45M	5.80M	2.30M
Long term debt	78.75M	82.82M	194.52M	245.52M	389.14M	631.95M	827.29M	756.10M	819.97M	607.54M	455.54M	343.96M	709.91M	579.90M	639.03M	674.73M	869.09M	1.38B	1.33B	1.67B
Long term debt excl. lease liabilities	78.75M	82.82M	194.52M	245.52M	389.14M	631.95M	819.68M	756.10M	819.97M	607.54M	455.54M	343.96M	709.91M	579.90M	639.03M	674.73M	869.09M	1.38B	1.33B	1.67B
Total equity	284.27M	329.54M	354.90M	353.73M	392.88M	425.05M	1.10B	1.13B	1.13B	1.14B	1.27B	1.61B	1.76B	2.08B	2.47B	2.51B	2.98B	3.98B	5.43B	6.96B
Shareholders' equity	283.74M	328.95M	354.25M	353.05M	392.17M	424.26M	1.10B	1.13B	1.13B	1.14B	1.27B	1.61B	1.75B	2.07B	2.47B	2.51B	2.97B	3.97B	5.42B	6.95B
Common equity, total	283.74M	328.95M	354.25M	353.05M	392.17M	424.26M	1.10B	1.13B	1.13B	1.14B	1.27B	1.61B	1.75B	2.07B	2.47B	2.51B	2.97B	3.97B	5.42B	6.95B
Other common equity	163.13M	208.35M	233.65M	232.44M	271.56M	303.66M	975.67M	1.01B	979.10M	982.86M	1.10B	1.24B	1.24B	1.24B	1.24B	1.23B	1.24B	1.29B	1.29B	1.33B
Total debt	328.93M	355.34M	549.45M	661.92M	912.25M	1.41B	1.48B	1.72B	1.66B	1.52B	1.22B	1.19B	1.41B	1.48B	1.93B	1.58B	1.86B	2.91B	2.23B	2.18B
Net debt	302.19M	344.79M	534.49M	645.38M	885.68M	1.40B	1.45B	1.70B	1.63B	1.47B	1.17B	1.13B	1.37B	1.39B	1.74B	1.22B	1.34B	2.53B	1.60B	1.61B
Change in accounts receivable	16.15M	-19.79M	-66.95M	-17.28M	-44.85M	-19.83M	-90.17M	211.61M	-25.42M	-4.06M	-61.06M	0	-393.45M	82.86M	-208.48M	-14.76M	-185.74M	-184.37M	-294.00M	-362.80M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-20.76M	51.73M	89.56M	-4.52M	194.84M	-101.09M	269.85M	-51.69M	192.21M	63.14M	61.09M	149.39M	-119.62M	-61.10M	416.68M	262.75M	-222.53M	96.02M	113.20M	353.90M
Change in other assets/liabilities	-1.23M	—	-3.40M	-2.06M	-4.09M	0	115.58M	19.92M	115.70M	9.69M	50.88M	66.95M	0	0	0	0	0	0	0	0
Sale of fixed assets & businesses	1.56M	1.91M	817.00K	908.00K	1.12M	27.00K	1.24M	1.42M	2.09M	50.68M	2.90M	3.20M	2.47M	2.07M	1.64M	1.52M	8.38M	4.91M	5.00M	23.60M
Purchase/sale of investments, net	-1.00K	0	-24.00K	173.00K	13.37M	3.60M	-22.00K	7.68M	-10.34M	-6.28M	4.26M	1.41M	0	4.17M	2.21M	209.00K	566.00K	-44.14M	-88.60M	-37.70M
Sale/maturity of investments	0	0	—	280.00K	16.88M	6.56M	—	12.50M	0	0	183.26M	131.41M	0	4.17M	2.41M	209.00K	566.00K	3.13M	—	0
Purchase of investments	-1.00K	0	-24.00K	-107.00K	-3.50M	-2.96M	-22.00K	-4.83M	-10.34M	-6.28M	-179.00M	-130.00M	0	0	-200.00K	0	0	-47.28M	-88.60M	-37.70M
Other investing cash flow items, total	-1.40M	2.02M	-5.18M	-86.00K	2.80M	-4.37M	-11.69M	3.07M	1.60M	-2.48M	1.79M	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	-26.83M	29.34M	202.25M	112.80M	259.20M	503.55M	23.17M	160.84M	-66.64M	-141.20M	-302.01M	-27.83M	225.09M	56.23M	258.47M	-301.46M	289.30M	322.32M	-866.70M	-354.80M
Issuance/retirement of long term debt	-26.83M	29.34M	202.25M	112.80M	259.20M	324.97M	197.61M	-78.66M	63.87M	-177.07M	-199.46M	-131.15M	340.62M	-69.65M	-140.59M	57.73M	260.62M	-103.15M	-235.70M	-60.60M
Issuance/retirement of short term debt	0	0	0	0	0	178.58M	-174.44M	239.50M	-130.51M	35.87M	-102.56M	103.32M	-115.53M	125.87M	399.06M	-359.19M	28.68M	425.48M	-631.00M	-294.20M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-3.48M	-8.23M	-9.92M	-9.91M	-9.87M	-12.29M	-12.25M	-10.58M	-12.30M	-8.54M	-8.61M	-10.81M	-10.81M	-10.83M	-10.83M	0	0	-8.98M	-10.80M	-10.80M
Other financing cash flow items, total	0	0	0	0	0	0	0	-1.75M	0	0	0	0	0	0	0	0	0	0	0	0