Zuari Industries Ltd

NSE: ZUARIIND BSE: 500780

₹268

-1.50 (0.56%)

Sat, 24 Oct 2026, 06:42 pm

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

Market Cap (in Cr)818.09

PE Ratio7.36

Dividend0.36

Process Industries

Agricultural Commodities/Milling

24.5K

Zuari 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	-927.67M	-890.03M	-2.08B	-914.80M	-564.67M	-921.63M	-228.30M	-63.26M	-101.25M	-343.72M	-391.39M	-659.35M	-935.43M	-1.02B	-1.53B	-1.90B	-2.51B	-2.48B	-2.82B	-2.62B
Pretax equity in earnings	0	0	0	—	0	0	0	0	—	0	0	—	—	—	—	—	—	—	—	—
Equity in earnings	80.90M	19.99M	-23.38M	15.12M	7.25M	-3.81M	487.60M	109.63M	-112.40M	32.90M	-396.44M	-50.57M	366.42M	-1.12B	-2.69B	-649.14M	48.59M	3.79B	273.63M	618.32M
Total assets	27.02B	28.33B	30.63B	54.48B	43.27B	44.31B	9.86B	11.08B	13.37B	18.59B	29.91B	32.35B	41.98B	44.27B	39.41B	49.09B	62.44B	58.09B	74.94B	89.27B
Total current assets	16.76B	18.32B	21.05B	39.70B	28.71B	33.36B	4.21B	5.30B	7.17B	10.54B	9.72B	8.97B	11.73B	15.49B	16.62B	16.88B	19.20B	24.27B	16.04B	15.93B
Cash and short term investments	589.96M	2.17B	6.38B	3.88B	2.50B	6.77B	1.45B	2.41B	1.21B	1.60B	1.14B	482.04M	451.94M	532.44M	1.03B	1.74B	3.39B	6.39B	6.85B	6.94B
Cash & equivalents	493.32M	1.08B	1.49B	373.62M	371.77M	3.50B	271.28M	530.60M	466.10M	375.30M	364.98M	432.72M	357.51M	359.49M	323.65M	259.29M	736.94M	3.54B	6.84B	6.73B
Short term investments	96.64M	1.09B	4.89B	3.51B	2.13B	3.27B	1.18B	1.88B	742.51M	1.22B	771.43M	49.32M	94.43M	172.95M	711.17M	1.48B	2.66B	2.85B	13.45M	203.02M
Total receivables, net	11.07B	10.85B	8.94B	17.38B	10.98B	15.48B	1.00B	1.29B	2.64B	3.00B	2.69B	1.50B	1.70B	2.06B	1.51B	1.80B	2.37B	5.70B	1.37B	1.01B
Accounts receivable - trade, net	9.92B	9.24B	7.89B	15.28B	10.21B	10.73B	818.93M	973.35M	1.32B	990.11M	937.38M	1.40B	1.42B	1.70B	1.14B	942.92M	750.85M	867.56M	616.95M	742.52M
Other receivables	1.14B	1.60B	1.05B	2.10B	771.31M	4.74B	182.10M	320.44M	1.31B	2.01B	1.75B	102.85M	281.04M	362.43M	367.78M	859.80M	1.61B	4.83B	751.49M	266.86M
Total inventory	4.71B	5.16B	5.55B	8.96B	6.56B	10.76B	1.58B	1.41B	3.10B	5.65B	5.57B	5.95B	8.99B	12.04B	13.06B	12.69B	12.92B	11.39B	7.27B	7.42B
Other current assets, total	27.11M	25.25M	37.01M	8.95B	8.39B	178.48M	75.84M	63.88M	170.95M	281.24M	293.25M	1.01B	572.15M	832.97M	969.06M	613.54M	481.21M	758.18M	504.97M	508.17M
Total non-current assets	10.26B	10.02B	9.58B	14.78B	14.56B	10.94B	5.65B	5.78B	6.20B	8.04B	20.19B	23.38B	30.25B	28.78B	22.79B	32.20B	43.24B	33.82B	58.90B	73.34B
Long term investments	950.29M	4.63B	4.26B	9.34B	8.65B	3.81B	4.30B	4.31B	4.56B	3.46B	14.01B	16.03B	22.42B	20.44B	14.30B	23.90B	35.46B	25.99B	51.80B	66.54B
Note receivable - long term	—	—	—	—	0	—	41.31M	313.52M	84.12M	66.48M	103.52M	2.92M	185.36M	79.26M	2.81B	5.31B	3.61B	20.33M	2.91B	2.74B
Investments in unconsolidated subsidiaries	324.34M	585.10M	561.72M	4.43B	1.01B	1.31B	618.85M	773.89M	1.70B	874.27M	5.00B	5.30B	5.65B	4.38B	1.69B	3.14B	5.55B	9.39B	17.47B	16.89B
Other investments	625.95M	4.05B	3.70B	4.91B	7.64B	2.50B	3.64B	3.22B	2.78B	2.52B	8.91B	10.72B	16.58B	15.99B	9.80B	15.45B	26.29B	16.58B	31.42B	46.92B
Net property/plant/equipment	5.70B	3.56B	3.37B	3.45B	3.70B	4.96B	739.64M	885.06M	927.98M	2.68B	3.66B	4.03B	4.05B	5.08B	5.94B	5.27B	5.22B	5.55B	4.91B	4.78B
Gross property/plant/equipment	11.47B	8.11B	8.25B	8.69B	9.26B	10.83B	1.12B	1.33B	1.42B	3.95B	3.74B	4.23B	4.43B	5.66B	6.74B	6.34B	6.48B	7.01B	6.61B	6.72B
Deferred tax assets	650.00K	3.63M	6.99M	2.53M	175.19M	109.92M	6.71M	6.82M	5.82M	8.65M	899.84M	1.12B	1.26B	1.29B	595.64M	571.51M	12.48M	23.92M	26.46M	71.97M
Net intangible assets	3.52B	1.82B	1.94B	1.98B	2.04B	2.07B	231.27M	233.77M	228.80M	1.62B	1.46B	1.46B	1.46B	1.46B	1.43B	1.33B	1.33B	1.33B	1.32B	1.33B
Goodwill, net	3.51B	1.80B	1.89B	1.93B	1.96B	1.99B	205.72M	214.69M	214.69M	1.61B	1.46B	1.46B	1.46B	1.46B	1.42B	1.33B	1.33B	1.33B	1.32B	1.32B
Other intangibles, net	15.66M	17.22M	52.63M	52.60M	74.97M	72.16M	25.56M	19.08M	14.11M	9.64M	6.87M	5.65M	6.83M	7.73M	3.99M	1.58M	211.00K	0	84.00K	12.72M
Other long term assets, total	0	0	0	0	0	0	298.87M	322.06M	472.93M	270.82M	145.91M	731.16M	1.06B	508.90M	529.53M	1.12B	1.22B	924.45M	850.18M	616.52M
Short term debt	2.95B	2.98B	3.46B	7.01B	16.08B	14.72B	301.02M	384.45M	1.07B	3.12B	4.87B	3.96B	4.63B	4.42B	5.52B	5.82B	7.30B	8.48B	11.00B	9.18B
Current portion of LT debt and capital leases	31.93M	30.83M	26.25M	16.93M	9.76M	7.00M	43.76M	54.98M	124.12M	413.84M	1.35B	554.52M	527.53M	1.33B	2.12B	18.07M	23.16M	3.40B	4.79B	1.26B
Short term debt excl. current portion of LT debt	2.92B	2.95B	3.43B	6.99B	16.07B	14.71B	257.25M	329.47M	942.47M	2.71B	3.52B	3.40B	4.10B	3.09B	3.40B	5.80B	7.28B	5.08B	6.22B	7.92B
Accounts payable	7.96B	6.36B	7.90B	29.75B	9.19B	8.92B	871.71M	813.51M	2.38B	2.25B	1.83B	2.74B	3.89B	3.96B	4.87B	3.70B	3.45B	2.50B	2.33B	1.79B
Income tax payable	3.48M	15.80M	3.70M	19.99M	13.14M	124.53M	205.89M	134.32M	22.65M	4.81M	18.42M	—	0	373.00K	2.58M	0	389.00K	0	1.56M	2.39M
Long term debt	10.65B	9.55B	7.99B	2.12B	608.03M	1.30B	208.15M	323.78M	1.21B	3.14B	2.73B	4.30B	6.90B	10.29B	13.88B	16.47B	17.23B	17.83B	12.77B	15.91B
Long term debt excl. lease liabilities	9.18B	8.21B	6.82B	1.29B	607.26M	1.30B	208.15M	323.78M	1.21B	3.14B	2.73B	4.30B	6.90B	10.29B	13.88B	16.47B	17.23B	17.83B	12.77B	15.91B
Total equity	3.16B	7.26B	8.30B	11.88B	14.34B	16.76B	6.96B	7.01B	7.08B	7.54B	18.08B	19.34B	24.18B	21.79B	11.35B	19.24B	29.62B	23.88B	39.05B	50.32B
Shareholders' equity	3.14B	7.26B	8.30B	11.22B	13.60B	15.92B	6.92B	7.01B	7.08B	7.54B	17.89B	19.10B	24.07B	21.82B	11.67B	19.37B	29.74B	24.01B	39.19B	50.48B
Common equity, total	3.14B	7.26B	8.30B	11.22B	13.60B	15.92B	6.92B	7.01B	7.08B	6.78B	17.82B	18.77B	24.07B	21.40B	11.25B	18.79B	29.15B	23.42B	38.60B	50.48B
Other common equity	1.75B	6.97B	8.00B	10.92B	13.30B	15.62B	6.52B	6.61B	393.13M	411.43M	6.96B	9.31B	14.93B	13.97B	7.51B	14.27B	24.96B	16.19B	23.34B	36.18B
Total debt	13.59B	12.53B	11.45B	9.13B	16.69B	16.01B	509.17M	708.22M	2.28B	6.26B	7.60B	8.26B	11.53B	14.71B	19.40B	22.30B	24.53B	26.32B	23.77B	25.09B
Net debt	13.00B	10.36B	5.07B	5.25B	14.19B	9.24B	—	-1.71B	1.07B	4.66B	6.46B	7.78B	11.08B	14.18B	18.37B	20.56B	21.14B	19.93B	16.92B	18.15B
Change in accounts receivable	-4.00B	18.46M	1.93B	-12.83B	7.32B	-703.87M	-1.76B	-448.75M	-442.60M	332.91M	32.08M	-39.17M	-464.94M	234.96M	-40.23M	157.68M	185.30M	-74.04M	250.85M	-83.37M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-35.77M	-79.89M	-109.47M	-1.17B	—	—	—	466.37M	1.84B	—	-884.35M	1.35B	1.27B	1.22B	911.42M	-847.90M	-79.53M	705.69M	-205.61M	-874.45M
Change in other assets/liabilities	1.13B	-1.01B	-2.13B	22.94B	-20.71B	3.60B	1.29B	0	-1.00B	-1.73B	409.46M	-52.10M	207.69M	-356.68M	363.27M	10.01M	132.55M	-101.10M	-6.88M	-42.46M
Sale of fixed assets & businesses	13.71M	26.41M	5.39M	3.06M	43.19M	5.55M	13.69M	1.34M	20.46M	7.28M	4.05M	3.62M	1.33M	446.00K	8.07M	137.64M	155.41M	68.95M	427.88M	2.01M
Purchase/sale of investments, net	139.19M	2.08B	346.86M	-5.08B	698.91M	4.75B	-1.23B	-63.97M	35.09M	1.32B	-27.30M	653.48M	-776.57M	-79.20M	-567.99M	-193.82M	-1.56B	-2.89B	2.16B	672.63M
Sale/maturity of investments	139.19M	17.18B	22.02B	42.02B	102.47B	60.69B	16.19B	3.35B	4.66B	3.89B	541.13M	793.53M	1.55B	361.66M	2.30B	650.88M	626.98M	46.27M	3.78B	957.12M
Purchase of investments	—	-15.10B	-21.67B	-47.10B	-101.77B	-55.94B	-17.42B	-3.41B	-4.62B	-2.56B	-568.43M	-140.05M	-2.33B	-440.86M	-2.87B	-844.70M	-2.18B	-2.94B	-1.63B	-284.49M
Other investing cash flow items, total	-35.00M	30.00M	671.04M	-3.45B	3.07B	-224.11M	142.95M	-8.46M	-114.82M	-323.48M	139.27M	-594.17M	-85.00M	49.36M	-2.75B	-2.58B	858.07M	25.60M	1.13B	368.01M
Issuance/retirement of debt, net	3.32B	252.96M	-925.48M	-1.98B	7.48B	-583.08M	-1.11B	198.09M	1.57B	2.12B	1.43B	11.48M	2.94B	3.07B	4.37B	2.92B	1.99B	1.25B	-2.30B	1.02B
Issuance/retirement of long term debt	-880.66M	1.15B	650.28M	-1.70B	105.39M	627.21M	-186.78M	125.87M	959.49M	1.74B	491.74M	121.62M	2.24B	4.08B	3.68B	2.74B	858.50M	737.84M	-3.44B	-572.84M
Issuance/retirement of short term debt	4.20B	-895.67M	-1.58B	-278.68M	7.37B	-1.21B	-925.88M	72.22M	612.99M	384.11M	933.58M	-110.15M	699.74M	-1.01B	687.44M	181.55M	1.13B	515.73M	1.14B	1.60B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-53.02M	-59.58M	-73.81M	-87.91M	-104.23M	-155.56M	-154.89M	-58.78M	-58.88M	-34.65M	-35.88M	-35.75M	-35.80M	-35.49M	-35.49M	-58.88M	-88.32M	-29.78M	-37.90M	-40.07M
Other financing cash flow items, total	13.84M	0	0	0	0	0	105.85M	34.08M	82.41M	754.51M	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	-927.67M	-890.03M	-2.08B	-914.80M	-564.67M	-921.63M	-228.30M	-63.26M	-101.25M	-343.72M	-391.39M	-659.35M	-935.43M	-1.02B	-1.53B	-1.90B	-2.51B	-2.48B	-2.82B	-2.62B
Pretax equity in earnings	0	0	0	—	0	0	0	0	—	0	0	—	—	—	—	—	—	—	—	—
Equity in earnings	80.90M	19.99M	-23.38M	15.12M	7.25M	-3.81M	487.60M	109.63M	-112.40M	32.90M	-396.44M	-50.57M	366.42M	-1.12B	-2.69B	-649.14M	48.59M	3.79B	273.63M	618.32M
Total assets	27.02B	28.33B	30.63B	54.48B	43.27B	44.31B	9.86B	11.08B	13.37B	18.59B	29.91B	32.35B	41.98B	44.27B	39.41B	49.09B	62.44B	58.09B	74.94B	89.27B
Total current assets	16.76B	18.32B	21.05B	39.70B	28.71B	33.36B	4.21B	5.30B	7.17B	10.54B	9.72B	8.97B	11.73B	15.49B	16.62B	16.88B	19.20B	24.27B	16.04B	15.93B
Cash and short term investments	589.96M	2.17B	6.38B	3.88B	2.50B	6.77B	1.45B	2.41B	1.21B	1.60B	1.14B	482.04M	451.94M	532.44M	1.03B	1.74B	3.39B	6.39B	6.85B	6.94B
Cash & equivalents	493.32M	1.08B	1.49B	373.62M	371.77M	3.50B	271.28M	530.60M	466.10M	375.30M	364.98M	432.72M	357.51M	359.49M	323.65M	259.29M	736.94M	3.54B	6.84B	6.73B
Short term investments	96.64M	1.09B	4.89B	3.51B	2.13B	3.27B	1.18B	1.88B	742.51M	1.22B	771.43M	49.32M	94.43M	172.95M	711.17M	1.48B	2.66B	2.85B	13.45M	203.02M
Total receivables, net	11.07B	10.85B	8.94B	17.38B	10.98B	15.48B	1.00B	1.29B	2.64B	3.00B	2.69B	1.50B	1.70B	2.06B	1.51B	1.80B	2.37B	5.70B	1.37B	1.01B
Accounts receivable - trade, net	9.92B	9.24B	7.89B	15.28B	10.21B	10.73B	818.93M	973.35M	1.32B	990.11M	937.38M	1.40B	1.42B	1.70B	1.14B	942.92M	750.85M	867.56M	616.95M	742.52M
Other receivables	1.14B	1.60B	1.05B	2.10B	771.31M	4.74B	182.10M	320.44M	1.31B	2.01B	1.75B	102.85M	281.04M	362.43M	367.78M	859.80M	1.61B	4.83B	751.49M	266.86M
Total inventory	4.71B	5.16B	5.55B	8.96B	6.56B	10.76B	1.58B	1.41B	3.10B	5.65B	5.57B	5.95B	8.99B	12.04B	13.06B	12.69B	12.92B	11.39B	7.27B	7.42B
Other current assets, total	27.11M	25.25M	37.01M	8.95B	8.39B	178.48M	75.84M	63.88M	170.95M	281.24M	293.25M	1.01B	572.15M	832.97M	969.06M	613.54M	481.21M	758.18M	504.97M	508.17M
Total non-current assets	10.26B	10.02B	9.58B	14.78B	14.56B	10.94B	5.65B	5.78B	6.20B	8.04B	20.19B	23.38B	30.25B	28.78B	22.79B	32.20B	43.24B	33.82B	58.90B	73.34B
Long term investments	950.29M	4.63B	4.26B	9.34B	8.65B	3.81B	4.30B	4.31B	4.56B	3.46B	14.01B	16.03B	22.42B	20.44B	14.30B	23.90B	35.46B	25.99B	51.80B	66.54B
Note receivable - long term	—	—	—	—	0	—	41.31M	313.52M	84.12M	66.48M	103.52M	2.92M	185.36M	79.26M	2.81B	5.31B	3.61B	20.33M	2.91B	2.74B
Investments in unconsolidated subsidiaries	324.34M	585.10M	561.72M	4.43B	1.01B	1.31B	618.85M	773.89M	1.70B	874.27M	5.00B	5.30B	5.65B	4.38B	1.69B	3.14B	5.55B	9.39B	17.47B	16.89B
Other investments	625.95M	4.05B	3.70B	4.91B	7.64B	2.50B	3.64B	3.22B	2.78B	2.52B	8.91B	10.72B	16.58B	15.99B	9.80B	15.45B	26.29B	16.58B	31.42B	46.92B
Net property/plant/equipment	5.70B	3.56B	3.37B	3.45B	3.70B	4.96B	739.64M	885.06M	927.98M	2.68B	3.66B	4.03B	4.05B	5.08B	5.94B	5.27B	5.22B	5.55B	4.91B	4.78B
Gross property/plant/equipment	11.47B	8.11B	8.25B	8.69B	9.26B	10.83B	1.12B	1.33B	1.42B	3.95B	3.74B	4.23B	4.43B	5.66B	6.74B	6.34B	6.48B	7.01B	6.61B	6.72B
Deferred tax assets	650.00K	3.63M	6.99M	2.53M	175.19M	109.92M	6.71M	6.82M	5.82M	8.65M	899.84M	1.12B	1.26B	1.29B	595.64M	571.51M	12.48M	23.92M	26.46M	71.97M
Net intangible assets	3.52B	1.82B	1.94B	1.98B	2.04B	2.07B	231.27M	233.77M	228.80M	1.62B	1.46B	1.46B	1.46B	1.46B	1.43B	1.33B	1.33B	1.33B	1.32B	1.33B
Goodwill, net	3.51B	1.80B	1.89B	1.93B	1.96B	1.99B	205.72M	214.69M	214.69M	1.61B	1.46B	1.46B	1.46B	1.46B	1.42B	1.33B	1.33B	1.33B	1.32B	1.32B
Other intangibles, net	15.66M	17.22M	52.63M	52.60M	74.97M	72.16M	25.56M	19.08M	14.11M	9.64M	6.87M	5.65M	6.83M	7.73M	3.99M	1.58M	211.00K	0	84.00K	12.72M
Other long term assets, total	0	0	0	0	0	0	298.87M	322.06M	472.93M	270.82M	145.91M	731.16M	1.06B	508.90M	529.53M	1.12B	1.22B	924.45M	850.18M	616.52M
Short term debt	2.95B	2.98B	3.46B	7.01B	16.08B	14.72B	301.02M	384.45M	1.07B	3.12B	4.87B	3.96B	4.63B	4.42B	5.52B	5.82B	7.30B	8.48B	11.00B	9.18B
Current portion of LT debt and capital leases	31.93M	30.83M	26.25M	16.93M	9.76M	7.00M	43.76M	54.98M	124.12M	413.84M	1.35B	554.52M	527.53M	1.33B	2.12B	18.07M	23.16M	3.40B	4.79B	1.26B
Short term debt excl. current portion of LT debt	2.92B	2.95B	3.43B	6.99B	16.07B	14.71B	257.25M	329.47M	942.47M	2.71B	3.52B	3.40B	4.10B	3.09B	3.40B	5.80B	7.28B	5.08B	6.22B	7.92B
Accounts payable	7.96B	6.36B	7.90B	29.75B	9.19B	8.92B	871.71M	813.51M	2.38B	2.25B	1.83B	2.74B	3.89B	3.96B	4.87B	3.70B	3.45B	2.50B	2.33B	1.79B
Income tax payable	3.48M	15.80M	3.70M	19.99M	13.14M	124.53M	205.89M	134.32M	22.65M	4.81M	18.42M	—	0	373.00K	2.58M	0	389.00K	0	1.56M	2.39M
Long term debt	10.65B	9.55B	7.99B	2.12B	608.03M	1.30B	208.15M	323.78M	1.21B	3.14B	2.73B	4.30B	6.90B	10.29B	13.88B	16.47B	17.23B	17.83B	12.77B	15.91B
Long term debt excl. lease liabilities	9.18B	8.21B	6.82B	1.29B	607.26M	1.30B	208.15M	323.78M	1.21B	3.14B	2.73B	4.30B	6.90B	10.29B	13.88B	16.47B	17.23B	17.83B	12.77B	15.91B
Total equity	3.16B	7.26B	8.30B	11.88B	14.34B	16.76B	6.96B	7.01B	7.08B	7.54B	18.08B	19.34B	24.18B	21.79B	11.35B	19.24B	29.62B	23.88B	39.05B	50.32B
Shareholders' equity	3.14B	7.26B	8.30B	11.22B	13.60B	15.92B	6.92B	7.01B	7.08B	7.54B	17.89B	19.10B	24.07B	21.82B	11.67B	19.37B	29.74B	24.01B	39.19B	50.48B
Common equity, total	3.14B	7.26B	8.30B	11.22B	13.60B	15.92B	6.92B	7.01B	7.08B	6.78B	17.82B	18.77B	24.07B	21.40B	11.25B	18.79B	29.15B	23.42B	38.60B	50.48B
Other common equity	1.75B	6.97B	8.00B	10.92B	13.30B	15.62B	6.52B	6.61B	393.13M	411.43M	6.96B	9.31B	14.93B	13.97B	7.51B	14.27B	24.96B	16.19B	23.34B	36.18B
Total debt	13.59B	12.53B	11.45B	9.13B	16.69B	16.01B	509.17M	708.22M	2.28B	6.26B	7.60B	8.26B	11.53B	14.71B	19.40B	22.30B	24.53B	26.32B	23.77B	25.09B
Net debt	13.00B	10.36B	5.07B	5.25B	14.19B	9.24B	—	-1.71B	1.07B	4.66B	6.46B	7.78B	11.08B	14.18B	18.37B	20.56B	21.14B	19.93B	16.92B	18.15B
Change in accounts receivable	-4.00B	18.46M	1.93B	-12.83B	7.32B	-703.87M	-1.76B	-448.75M	-442.60M	332.91M	32.08M	-39.17M	-464.94M	234.96M	-40.23M	157.68M	185.30M	-74.04M	250.85M	-83.37M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-35.77M	-79.89M	-109.47M	-1.17B	—	—	—	466.37M	1.84B	—	-884.35M	1.35B	1.27B	1.22B	911.42M	-847.90M	-79.53M	705.69M	-205.61M	-874.45M
Change in other assets/liabilities	1.13B	-1.01B	-2.13B	22.94B	-20.71B	3.60B	1.29B	0	-1.00B	-1.73B	409.46M	-52.10M	207.69M	-356.68M	363.27M	10.01M	132.55M	-101.10M	-6.88M	-42.46M
Sale of fixed assets & businesses	13.71M	26.41M	5.39M	3.06M	43.19M	5.55M	13.69M	1.34M	20.46M	7.28M	4.05M	3.62M	1.33M	446.00K	8.07M	137.64M	155.41M	68.95M	427.88M	2.01M
Purchase/sale of investments, net	139.19M	2.08B	346.86M	-5.08B	698.91M	4.75B	-1.23B	-63.97M	35.09M	1.32B	-27.30M	653.48M	-776.57M	-79.20M	-567.99M	-193.82M	-1.56B	-2.89B	2.16B	672.63M
Sale/maturity of investments	139.19M	17.18B	22.02B	42.02B	102.47B	60.69B	16.19B	3.35B	4.66B	3.89B	541.13M	793.53M	1.55B	361.66M	2.30B	650.88M	626.98M	46.27M	3.78B	957.12M
Purchase of investments	—	-15.10B	-21.67B	-47.10B	-101.77B	-55.94B	-17.42B	-3.41B	-4.62B	-2.56B	-568.43M	-140.05M	-2.33B	-440.86M	-2.87B	-844.70M	-2.18B	-2.94B	-1.63B	-284.49M
Other investing cash flow items, total	-35.00M	30.00M	671.04M	-3.45B	3.07B	-224.11M	142.95M	-8.46M	-114.82M	-323.48M	139.27M	-594.17M	-85.00M	49.36M	-2.75B	-2.58B	858.07M	25.60M	1.13B	368.01M
Issuance/retirement of debt, net	3.32B	252.96M	-925.48M	-1.98B	7.48B	-583.08M	-1.11B	198.09M	1.57B	2.12B	1.43B	11.48M	2.94B	3.07B	4.37B	2.92B	1.99B	1.25B	-2.30B	1.02B
Issuance/retirement of long term debt	-880.66M	1.15B	650.28M	-1.70B	105.39M	627.21M	-186.78M	125.87M	959.49M	1.74B	491.74M	121.62M	2.24B	4.08B	3.68B	2.74B	858.50M	737.84M	-3.44B	-572.84M
Issuance/retirement of short term debt	4.20B	-895.67M	-1.58B	-278.68M	7.37B	-1.21B	-925.88M	72.22M	612.99M	384.11M	933.58M	-110.15M	699.74M	-1.01B	687.44M	181.55M	1.13B	515.73M	1.14B	1.60B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-53.02M	-59.58M	-73.81M	-87.91M	-104.23M	-155.56M	-154.89M	-58.78M	-58.88M	-34.65M	-35.88M	-35.75M	-35.80M	-35.49M	-35.49M	-58.88M	-88.32M	-29.78M	-37.90M	-40.07M
Other financing cash flow items, total	13.84M	0	0	0	0	0	105.85M	34.08M	82.41M	754.51M	0	0	0	0	0	0	0	0	0	0