PDD Holdings Inc.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Total revenue	431.85	393.84	247.64	130.56	93.95	59.49	30.14	13.12	1.74	0.50
Cost of revenue	188.80	153.90	91.72	31.46	31.72	19.28	6.34	2.91	0.72	0.58
Gross profit	243.04	239.94	155.92	99.10	62.23	40.21	23.80	10.21	1.02	-0.07
Total operating expenses +	149.94	131.51	97.22	68.69	55.34	49.59	32.34	21.01	1.62	0.21
Selling, general and administrative	8.16	7.55	4.08	3.96	1.54	1.51	1.30	6.46	0.13	0.01
Research and development	16.50	12.66	10.95	10.38	8.99	6.89	3.87	1.12	0.13	0.03
Other operating expenses	125.29	111.30	82.19	54.34	44.80	41.19	27.17	13.44	1.35	0.17
Operating income	93.10	108.42	58.70	30.40	6.90	-9.38	-8.54	-10.80	-0.60	-0.29
Non-operating income (net)	26.47	24.28	13.18	5.86	2.81	2.20	1.57	0.58	0.07	-0.01
Income before tax	119.58	132.70	71.88	36.26	9.70	-7.18	-6.97	-10.22	-0.53	-0.29
Income tax expense	21.73	20.27	11.85	4.73	1.93	0.07	-0.03	0.58	-0.06	0.00
Net income	97.84	112.43	60.03	31.54	7.77	-7.18	-6.97	-10.22	-0.53	-0.29

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16
Total revenue	105.59	122.20	108.28	103.98	95.67	110.61	99.35	97.06	86.81	86.81	68.84	52.28	37.64	39.82	35.50	31.44	23.79	27.23	21.51	23.05	22.17	26.55	14.21	12.19	6.54	10.79	7.51	7.29	4.55	5.65	3.37	2.71	1.38	1.18	0.42	0.10	0.04	0.07
Cost of revenue	46.61	54.39	46.84	45.86	40.95	47.80	39.71	33.70	32.69	32.69	26.83	18.69	11.13	8.93	7.41	7.96	7.16	6.52	6.56	7.90	10.75	11.53	3.26	2.66	1.83	2.04	1.83	1.59	0.87	1.42	0.77	0.39	0.32	0.37	0.19	0.11	0.05	0.08
Gross profit	58.98	67.81	61.44	58.13	54.73	62.81	59.65	63.36	54.12	54.12	42.01	33.59	26.51	30.89	28.09	23.48	16.63	20.72	14.95	15.15	11.42	15.02	10.95	9.53	4.71	8.76	5.68	5.70	3.67	4.23	2.60	2.32	1.07	0.81	0.24	0.00	-0.02	-0.07
Total operating expenses +	37.96	40.47	36.41	32.33	38.64	37.22	35.35	30.80	28.14	28.14	25.35	20.87	19.58	21.78	17.65	14.78	14.48	13.81	12.81	13.15	15.57	17.07	12.25	11.17	9.11	10.89	8.47	7.19	5.79	6.87	3.87	8.96	1.32	0.83	0.47	0.12	0.20	0.79
Selling, general and administrative	3.21	37.56	1.76	1.53	1.66	2.09	1.81	1.84	1.82	1.82	0.76	0.60	0.82	1.64	0.91	0.83	0.59	0.42	0.33	0.43	0.35	0.41	0.37	0.39	0.34	0.35	0.44	0.28	0.24	0.32	0.31	5.80	0.03	0.01	0.01	0.01	0.11	0.03
Research and development	4.39	4.93	4.33	3.59	3.58	3.78	3.06	2.91	2.91	2.91	2.85	2.73	2.51	2.41	2.70	2.61	2.67	2.02	2.42	2.33	2.22	1.95	1.80	1.66	1.47	1.27	1.13	0.80	0.67	0.53	0.33	0.19	0.07	0.05	0.04	0.02	0.02	0.00
Other operating expenses	30.36	-2.02	30.32	27.21	33.40	31.36	30.48	26.05	23.41	23.41	21.75	17.54	16.26	17.73	14.05	11.34	11.22	11.37	10.05	10.39	13.00	14.71	10.07	9.11	7.30	9.27	6.91	6.10	4.89	6.02	3.23	2.97	1.22	0.76	0.43	0.09	0.07	0.76
Operating income	21.02	27.34	25.03	25.79	16.09	25.59	24.29	32.56	25.97	25.97	16.66	12.72	6.93	9.11	10.44	8.70	2.15	6.91	2.14	2.00	-4.15	-2.05	-1.30	-1.64	-4.40	-2.14	-2.79	-1.49	-2.12	-2.64	-1.27	-6.64	-0.25	-0.02	-0.23	-0.12	-0.22	-0.29
Non-operating income (net)	-4.46	5.19	8.29	9.74	3.14	6.94	4.89	5.36	7.09	7.14	2.39	3.55	2.77	1.41	1.69	1.76	1.01	0.79	0.36	0.42	1.24	0.62	0.51	0.74	0.28	0.35	0.46	0.49	0.24	0.22	0.17	0.14	0.05	0.04	0.01	0.01	0.01	-0.01
Income before tax	16.56	32.53	33.31	35.54	19.22	32.53	29.18	37.92	33.07	33.12	19.05	16.27	9.70	10.52	12.13	10.45	3.16	7.70	2.49	2.41	-2.91	-1.42	-0.78	-0.90	-4.12	-1.79	-2.34	-1.00	-1.88	-2.42	-1.10	-6.49	-0.20	0.01	-0.22	-0.11	-0.21	-0.29
Income tax expense	4.09	8.33	3.99	4.78	4.48	5.08	4.20	5.91	5.07	5.07	3.51	3.16	1.60	1.07	1.54	1.56	0.56	1.08	0.85	-0.25	-0.78	0.04	-0.36	-0.68	-0.31	-0.01	-0.40	-0.40	-0.25	-0.19	-0.16	-0.14	-0.05	-0.05	-0.02	-0.01	-0.01	0.00
Net income	12.47	24.20	29.33	30.75	14.74	27.45	24.98	32.01	28.00	28.00	15.54	13.11	8.10	9.45	10.59	8.90	2.60	6.62	1.64	2.41	-2.91	-1.38	-0.78	-0.90	-4.12	-1.75	-2.34	-1.00	-1.88	-2.42	-1.10	-6.49	-0.20	0.01	-0.22	-0.11	-0.21	-0.29

about 2 months ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Total cash and short-term investments +	496.46	331.56	217.21	149.44	92.94	86.97	41.06	21.79	3.11	1.61
Cash and cash equivalents	182.85	57.77	59.79	34.33	6.43	22.42	5.77	14.16	3.06	1.32
Short-term investments	313.61	273.79	157.42	115.11	86.52	64.55	35.29	7.63	0.05	0.29
Accounts receivable, net	15.32	11.25	7.43	3.35	3.48	3.91	3.42	1.27	0.59	0.11
Inventories		2.50	-0.12	-6.91	0.01	1.72	27.58	16.38	9.43	0.03
Other current assets	7.53	72.84	70.23	63.83	64.47	56.93	0.95	0.95	0.01	0.00
Total current assets	519.31	415.65	294.75	216.62	160.91	149.52	73.00	40.39	13.14	1.75
Total non-current assets +	111.14	89.39	53.33	20.50	20.30	9.38	3.06	2.79	0.18	0.02
Property, plant and equipment, net				2.46	3.14	0.83	0.56	0.03	0.01	0.00
Goodwill							0.00	0.00	0.00	0.00
Intangible assets	0.02	0.02	0.02	0.13	0.70	1.28	1.99	2.58	0.00	0.00
Long-term investments							0.00	0.00	0.01	0.02
Other non-current assets
Total assets	630.45	505.03	348.08	237.12	181.21	158.91	76.06	43.18	13.31	1.77

Total current liabilities +	212.35	188.42	152.90	116.89	93.73	83.88	45.77	24.36	12.11	1.41
Accounts payable	107.48	92.46	91.90	67.30	64.46	54.97	29.93	17.28	9.84	1.13
Short-term debt	2.50	7.42	2.29	14.49	0.43	2.12	1.01	0.44	0.43	0.05
Current portion of long-term debt		5.31	0.65	13.89		1.87	0.90	0.00	0.00	0.00
Deferred revenue
Other current liabilities	98.99	88.55	39.63	26.75	21.87	21.49	14.22	6.46	1.78	0.23
Total non-current liabilities +	2.92	3.30	7.94	2.46	12.37	14.85	5.64	0.00	0.00	0.00
Long-term debt			5.23	1.58	11.79	14.43	5.21	0.00	0.00	0.00
Capital lease obligations	5.38	5.30	4.29	1.47	0.97	0.67	0.54	0.00	0.00	0.00
Other non-current liabilities					0.00	0.00	0.01	0.00	0.00	0.00
Total liabilities	215.27	191.72	160.84	119.35	106.10	98.73	51.41	24.36	12.11	1.41

Total stockholders' equity +	415.17	313.31	187.24	117.77	75.11	60.18	24.65	18.82	1.20	0.36
Common stock and paid-in capital	129.30	125.65	112.12	102.58	92.82	85.65	42.94	30.15	2.24	0.83
Retained earnings	285.87	187.66	75.12	15.19	-17.71	-25.48	-18.30	-11.33	-1.03	-0.47
Common shares outstanding	1,482	1,479	1,460	1,440	1,428	1,192	4,627	2,968	3,442	3,442

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16
Total cash and short-term investments +	510.37	496.46	423.77	387.13	364.50	331.56	308.46	284.93	217.21	242.13	202.85	179.51	149.44	157.03	137.81	119.38	92.94	95.22	97.92	92.18	86.97	86.97	45.57	49.01	41.06	41.06	40.25	31.79	21.79	21.79	22.47	10.33	9.48	3.11	0.00	0.00	1.61	0.23
Cash and cash equivalents	198.51	182.85	92.39	63.22	70.13	57.77	65.30	56.76	59.79	55.59	54.94	31.38	34.33	19.77	25.60	13.06	6.43	7.40	11.13	19.15	22.42	22.42	5.72	4.21	5.77	5.77	15.69	23.85	14.16	14.16	14.96	9.03	8.63	3.06			-1.61	0.19
Short-term investments	311.86	313.61	331.38	323.91	294.37	273.79	243.17	228.17	157.42	186.54	147.91	148.13	115.11	137.26	112.21	106.32	86.52	87.82	86.79	73.03	64.55	64.55	39.86	44.80	35.29	35.29	24.56	7.94	7.63	7.63	7.51	1.30	0.85	0.05			3.22	0.04
Accounts receivable, net	15.47	15.32	15.15	6.01	12.89	11.25	13.92	11.48	7.43	11.74	8.69	6.66	6.91	5.59	5.16	4.73	4.92	4.19	4.56	4.33	4.97	4.97	4.65	2.86	3.42	3.42	1.78	1.50	1.27	1.27	0.82	0.68	0.69	0.59				0.11
Inventories					1.60				0.00	59.11	56.41	52.06	-6.91	50.90		43.67	0.01	0.01	51.23	48.21	1.72	1.72	0.35	32.47	27.58	27.58	18.67	16.81	16.38	16.38	10.17	8.79	8.20	9.43
Other current assets	8.71	7.53	77.44	82.90	70.39	72.84	64.45	63.32	70.11	62.60	60.04	2.99	67.18	2.29	50.60	7.66	3.42	46.76	3.38	2.85	5.16	5.16	0.08	1.25	0.95	0.95	0.88	1.21	0.95	0.95	0.78	0.67	0.01	0.01				0.00
Total current assets	534.55	519.31	516.36	476.04	447.77	415.65	386.83	359.73	294.75	316.47	271.58	241.21	216.62	215.81	193.57	175.45	160.91	146.16	157.09	147.57	149.52	149.52	90.17	85.58	73.00	73.00	61.59	51.31	40.39	40.39	34.24	20.47	18.38	13.14			1.61	1.75
Total non-current assets +	100.77	111.14	97.36	91.11	82.74	89.39	79.96	73.02	53.33	61.36	42.68	33.08	20.50	24.26	15.54	16.55	20.30	22.55	9.44	9.17	9.38	9.38	9.24	5.32	3.06	3.06	2.99	3.06	2.79	2.79	2.76	2.80	2.96	0.18			-1.61
Property, plant and equipment, net											4.73	3.19		2.46	2.38	2.33	2.58	3.14	2.97	0.94	0.88	0.83	0.58	0.56	0.53	0.56	0.35	0.34	0.25	0.00	0.00	0.00	0.00	0.00				0.00
Goodwill																										0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible assets	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.13	0.02	0.30	0.44	0.70	0.70	0.86	1.00	1.28	1.28	1.49	1.71	1.99	1.99	2.18	2.28	2.58	2.58	0.40	0.42	0.44
Long-term investments																										0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01				0.02
Other non-current assets
Total assets	635.32	630.45	613.72	567.16	530.51	505.03	466.79	432.74	348.08	377.83	314.25	274.29	237.12	240.07	209.11	192.00	181.21	168.72	166.53	156.74	158.91	158.91	99.41	90.90	76.06	76.06	64.58	54.36	43.18	43.18	37.00	23.27	21.35	13.31				0.26

Total current liabilities +	210.85	212.35	219.22	201.96	197.02	188.42	180.00	170.83	152.90	151.40	148.12	125.99	116.89	111.02	85.43	85.71	93.73	77.52	86.30	80.07	83.88	83.88	65.08	55.39	45.77	45.77	33.22	29.00	24.36	24.36	16.24	13.88	11.75	12.11				0.20
Accounts payable	108.74	107.48	100.58	95.52	92.52	92.46	82.78	79.86	91.90	75.86	70.13	60.12	63.32	55.88	51.56	52.90	62.51	47.17	53.20	50.75	53.83	53.83	40.30	33.98	29.93	29.93	19.82	17.83	17.28	17.28	10.79	9.32	8.59	9.84				0.16
Short-term debt	2.49	2.50	7.63	7.70	7.63	7.42	2.02	1.87	2.29	1.80	15.73	15.39	14.49	14.44	0.51	0.48	0.43	0.42	0.34	0.30	2.12	2.12	2.96	2.90	1.01	1.01	0.08	0.08	2.70	2.70	1.65	1.27	0.65	0.43
Current portion of long-term debt			5.25	5.29	5.30	5.31		0.00	0.07	0.65	14.35	14.43	13.71	13.89							0.63	1.87	2.77	2.75	2.11	0.90	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Deferred revenue
Other current liabilities	96.11	98.99	107.67	95.14	93.94	88.55	92.25	89.11	41.78	73.73	62.26	48.85	37.70	39.16	31.97	31.10	29.63	28.88	31.61	28.04	25.51	25.51	20.78	17.76	14.22	14.22	12.94	10.82	4.19	4.19	3.63	3.19	2.42	1.78				0.04
Total non-current liabilities +	2.63	2.92	3.10	3.33	3.79	3.30	8.29	7.93	7.94	7.72	4.08	2.95	2.46	2.53	16.55	15.38	12.37	14.54	12.12	11.77	14.85	14.85	5.93	6.02	5.64	5.64	5.40	0.26	0.17	0.00	0.00	0.00					-0.36
Long-term debt							5.18	5.26	5.24	5.23	1.62	1.63	1.55	1.58	15.75	2.22	14.06	11.79	11.68	11.34	11.50	14.43	5.50	5.57	5.43	5.21	5.14	0.00	0.00	0.00	0.00	0.00	0.00
Capital lease obligations	5.12	5.38	5.43	5.68	5.95	5.30	5.06	4.50	4.17	4.29	3.78	2.20	1.71	1.47	1.26	0.14	0.87	0.97	0.78	0.73	0.69	0.67	0.57	0.55	0.52	0.54	0.34	0.33	0.24	0.00	0.00	0.00
Other non-current liabilities																0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.04	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00
Total liabilities	213.48	215.27	222.32	205.29	200.81	191.72	188.29	178.77	160.84	159.12	152.20	128.94	119.35	113.56	101.98	101.09	106.10	92.07	98.42	91.84	98.73	98.73	71.01	61.41	51.41	51.41	38.62	29.25	24.36	24.36	16.24	13.88	11.75	12.11			-0.36	0.20

Total stockholders' equity +	421.85	415.17	391.40	361.86	329.70	313.31	278.50	253.98	187.24	218.71	162.05	145.34	117.77	126.51	107.13	90.91	75.11	76.65	68.11	64.90	60.18	60.18	28.40	29.49	24.65	24.65	25.96	25.11	18.82	18.82	20.76	9.39	9.59	1.20			-0.43	0.05
Common stock and paid-in capital	126.24	129.30	129.16	128.95	127.54	125.65	118.40	118.75	112.12	115.59	110.11	108.94	102.58	103.22	101.39	95.75	92.82	90.39	92.43	90.86	85.65	85.65	52.50	52.81	42.94	42.94	42.50	39.32	30.15	30.15	29.66	17.20	10.90	2.24	0.00	0.00	-0.43	0.52
Retained earnings	295.60	285.87	262.24	232.92	202.16	187.66	160.11	135.23	75.12	103.12	51.94	36.40	15.19	23.29	5.74	-4.84	-17.71	-13.74	-24.33	-25.97	-25.48	-25.48	-24.10	-23.31	-18.30	-18.30	-16.54	-14.21	-11.33	-11.33	-8.90	-7.81	-1.31	-1.03				-0.47
Common shares outstanding	1,480	1,487	1,488	1,482	1,483	1,481	1,182	1,185	1,177	1,181	1,173	1,167	1,162	1,170	1,155	1,143	1,137	1,138	1,141	1,144	971	971	957	956	930	930	930	930	891	891	736	886	688	688	688	688	688	688

about 2 months ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating cash flow +	106.94	121.93	94.16	7.03	28.78	28.20	14.82	7.77	0.32	0.88
Net income
Depreciation, depletion and amortization	3.00	2.64	1.89	2.74	1.84	0.80	0.64	0.50	0.00	0.00
Stock-based compensation	7.94	9.88	7.08	7.72	4.77	3.61	2.56	6.84	0.01	0.00
Change in inventory					6.08	4.98	6.93	3.31	1.49	0.18
Other working capital changes	96.00	109.40	85.20	-3.42	16.09	18.81	4.69	-2.88	-1.19	0.70
Cash flow from investing +	-43.42	-118.36	-55.43	-3.24	-35.56	-38.36	-28.32	-7.55	0.07	-0.31
Capital expenditures	-1.15	-0.97	-0.58	-0.64	-3.29	-0.04	-0.03	-0.03	-0.01	0.00
Others incl. marketable securities changes	-42.28	-117.39	-54.85	-2.61	-32.28	-38.31	-28.29	-7.52	0.08	-0.31
Cash flow from financing +	-5.23	0.00	-8.96	0.01	-1.88	51.80	15.85	17.34	1.40	0.49
Dividend payout							0.00	0.00	0.00	-0.02
Common stock repurchases							0.00	0.00	-0.03	0.00
Net Debt Issuance	-5.23	0.00	-8.96	0.01	-1.88	51.80	15.85	17.34	1.43	0.50

Change in cash	58.29	3.57	29.77	3.80	-8.65	41.64	2.36	17.56	1.79	1.06
Change in exchange rate							0.00	0.00	0.00	0.00

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16
Operating cash flow +	24.12	24.12	45.66	21.64	15.52	29.55	27.52	43.79	21.07	21.07	32.54	23.40	1.34	3.85	11.65	19.37	-9.07	16.40	8.74	7.37	-3.72	14.95	8.32	5.50	-0.57	9.60	2.62	4.15	-1.54	5.73	0.25	0.36	0.63	-0.68	-0.68	1.28	0.39	0.13
Net income
Depreciation, depletion and amortization									1.89				2.74	2.74	2.74		0.80	0.80	1.84	1.84	0.32	0.32	0.80	0.80	0.71	0.50	0.00	0.31	-0.04	-0.04	0.05	0.19	0.04	0.00	0.00	0.04	0.00	0.00
Stock-based compensation	1.75	1.75	2.05	1.95	2.17	2.40	2.48	2.42	2.58	2.58	1.47	1.89	1.53	7.72	1.86	1.84	1.52	3.61		1.19	0.97	0.93	0.96	0.91	0.81	6.84	0.67	0.59	0.50	-0.01	0.48	5.82	0.01	0.00	0.00	0.00	0.00
Change in inventory																					0.27	0.27				0.00	0.00	0.00	-0.70	-0.70	0.00	0.00	0.70				0.22
Other working capital changes	22.37	22.37	43.61	19.69	13.34	27.14	25.04	41.37	16.60	18.49	31.07	21.51	-2.93	-6.60	7.05	17.53	-11.39	11.99	6.89	4.34	-5.28	13.43	6.57	3.78	-2.09	2.26	1.95	3.25	-1.30	6.49	-0.28	-5.65	-0.13	-0.68	-0.69	1.24	0.17	0.13
Cash flow from investing +	1.54	1.54	-11.56	-27.02	-6.38		-16.90	-42.62	-28.29		-4.82	-11.52	-22.62	-1.24	-0.36	-8.59	-4.85	-12.69	-13.76	-3.48	-5.62	-26.62	-0.50	-9.70	-1.58	-11.46	-16.18	-1.14	0.46	0.00	-6.22	-0.29	-0.80	-0.01	-0.20	0.70	-0.42	-0.31
Capital expenditures	0.00	0.00	0.00	0.00	-0.97	0.00	0.00	0.00	-0.58	0.00	0.00	0.00	-0.64	-0.64	-0.64	0.00	-0.04	-0.04	-3.29	-3.29	-0.02	-0.02	-0.04	-0.04	-0.03	-0.03	0.00	-0.01	0.00	0.00	0.00	-0.01	0.00	0.00	-0.01	0.00	0.00	0.00
Others incl. marketable securities changes	1.54	1.54	-11.56	-27.02	-5.42	0.00	-16.90	-42.62	-27.71	0.00	-4.82	-11.52	-21.98	-0.61	0.28	-8.59	-4.81	-12.65	-10.48	-0.20	-5.60	-26.60	-0.46	-9.65	-1.56	-11.43	-16.18	-1.13	0.46	0.00	-6.22	-0.28	-0.80	-0.01	-0.20	0.70	-0.41	-0.31
Cash flow from financing +	-5.23	-5.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.01	0.00	0.00	0.00	0.00	0.00	-0.64	-1.24	42.17	0.05	8.42	1.21	0.89	6.97	-0.05	7.99	-0.01	11.54	0.00	5.82	0.00	-0.01	0.65	0.77	0.07
Dividend payout																										0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00					0.00
Common stock repurchases																										0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00		-0.03
Net Debt Issuance	-5.23	-5.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.01	0.00	0.00	0.00	0.00	0.00	-0.64	-1.24	42.17	0.05	8.42	1.21	0.89	6.97	-0.05	7.99	-0.01	11.54	0.00	5.82	0.00	0.02	0.65	0.77	0.07

Change in cash	20.43	20.43	34.11	-5.38	9.13	29.55	10.62	1.17	-7.22	21.07	27.72	11.88	-21.28	2.62	11.30	10.78	-13.92	3.71	-5.03	3.25	-10.58	30.50	7.87	4.22	-0.95	-0.97	-6.59	2.96	6.91	5.72	5.57	0.07	5.65	-0.69	-0.90	2.63	0.74	-0.11
Change in exchange rate																										0.00	0.00	0.00	0.00	0.00	0.00	0.00