FRA:M4M1 Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,663	699	775	1,039	895	875
Short-Term Investments	-	-	-	-	-	160
Cash & Short-Term Investments	1,663	699	775	1,039	895	1,035
Cash Growth	107.10%	-9.81%	-25.41%	16.09%	-13.53%	-32.57%
Accounts Receivable	451	467	525	456	474	382
Other Receivables	248	211	216	126	146	302
Receivables	699	678	741	582	620	684
Inventory	68	44	45	53	63	37
Prepaid Expenses	116	94	82	117	166	149
Restricted Cash	46	57	56	57	203	199
Other Current Assets	534	809	217	217	304	203
Total Current Assets	3,126	2,381	1,916	2,065	2,251	2,307
Property, Plant & Equipment	4,617	3,639	4,003	3,873	4,406	3,650
Long-Term Investments	527	561	576	609	639	2,666
Goodwill	-	4,094	4,107	4,059	4,098	1,659
Other Intangible Assets	7,094	2,814	3,678	3,302	3,460	1,744
Long-Term Deferred Tax Assets	118	153	141	204	180	197
Long-Term Deferred Charges	12	12	12	10	8	5
Other Long-Term Assets	96	83	83	76	99	194
Total Assets	15,590	13,737	14,516	14,198	15,141	12,422
Accounts Payable	526	405	452	458	421	645
Accrued Expenses	434	472	516	473	627	517
Short-Term Debt	-	144	189	119	1,828	59
Current Portion of Long-Term Debt	459	138	32	61	12	55
Current Portion of Leases	213	156	189	163	171	123
Current Income Taxes Payable	127	122	93	86	128	71
Current Unearned Revenue	87	216	252	181	207	168
Other Current Liabilities	1,519	1,461	606	578	1,093	970
Total Current Liabilities	3,365	3,114	2,329	2,119	4,487	2,608
Long-Term Debt	5,832	5,592	6,522	6,677	5,905	5,621
Long-Term Leases	1,969	798	854	853	996	897
Long-Term Unearned Revenue	-	23	31	32	46	57
Long-Term Deferred Tax Liabilities	133	149	140	148	214	209
Other Long-Term Liabilities	981	487	1,195	735	753	756
Total Liabilities	12,280	10,163	11,071	10,564	12,401	10,148
Common Stock	253	258	258	258	153	153
Additional Paid-In Capital	1,037	1,064	1,076	1,085	475	477
Retained Earnings	2,835	2,908	2,721	2,884	2,625	2,037
Treasury Stock	-52	-43	-8	-47	-60	-30
Comprehensive Income & Other	-730	-559	-518	-575	-610	-578
Total Common Equity	3,343	3,628	3,529	3,605	2,583	2,059
Minority Interest	-33	-54	-84	29	157	215
Shareholders' Equity	3,310	3,574	3,445	3,634	2,740	2,274
Total Liabilities & Equity	15,590	13,737	14,516	14,198	15,141	12,422
Total Debt	8,473	6,828	7,786	7,873	8,912	6,755
Net Cash (Debt)	-6,810	-6,129	-7,011	-6,834	-8,017	-5,720
Net Cash Per Share	-40.15	-35.52	-40.91	-48.92	-79.27	-56.54
Filing Date Shares Outstanding	167.09	170.24	171.73	170.88	100.2	101.21
Total Common Shares Outstanding	167.09	170.24	171.73	170.88	100.2	101.21
Working Capital	-239	-733	-413	-54	-2,236	-301
Book Value Per Share	20.01	21.31	20.55	21.10	25.78	20.34
Tangible Book Value	-3,751	-3,280	-4,256	-3,756	-4,975	-1,344
Tangible Book Value Per Share	-22.45	-19.27	-24.78	-21.98	-49.65	-13.28
Land	-	328	-	348	358	329
Buildings	-	-	310	-	-	-
Machinery	-	8,767	8,924	8,072	8,512	6,422
Construction In Progress	-	370	394	418	428	308

Source: S&P Global Market Intelligence. Standard template. Financial Sources.