Tencent Music Entertainment Group

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Total revenue	32.90	28.40	27.75	28.34	31.24	29.15	25.43	18.99	10.98	4.36
Cost of revenue	18.37	16.38	17.96	19.57	21.84	19.85	16.76	11.71	7.17	3.13
Gross profit	14.54	12.03	9.80	8.77	9.40	9.30	8.67	7.28	3.81	1.23
Total operating expenses +	4.80	3.32	3.74	4.33	5.60	4.59	4.05	3.97	2.40	1.14
Selling, general and administrative	1.60	3.81	4.12	4.41	4.01	3.10	2.70	2.26	1.52	0.78
Research and development	2.32	2.28	2.53	2.58	2.34	1.67	1.16	0.94	0.80	0.45
Other operating expenses	0.88	-2.78	-2.91	-2.66	-0.74	-0.18	0.19	0.78	0.09	-0.09
Operating income	9.74	8.71	6.06	4.44	3.80	4.71	4.62	2.04	1.59	0.10
Non-operating income (net)	3.54	0.00	-0.01	-0.07	-0.17	-0.08	-0.08	-0.04	0.00	0.01
Income before tax	13.28	8.71	6.05	4.37	3.63	4.63	4.54	2.00	1.60	0.11
Income tax expense	1.92	1.60	0.83	0.53	0.42	0.46	0.56	0.17	0.28	0.03
Net income	11.06	6.64	4.92	3.68	3.03	4.16	3.98	1.83	1.33	0.08

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	Sep-16	Jun-16	Mar-16
Total revenue	7.85	7.74	8.46	8.44	7.36	7.46	7.02	7.16	6.77	6.89	6.57	7.29	7.00	7.43	7.37	1.04	6.64	7.61	7.81	8.01	7.82	8.34	7.58	0.98	6.31	7.29	6.51	5.90	5.74	5.74	4.97	4.50	4.12	3.59	2.91	2.24	2.24	1.22	1.22	0.96	0.96
Cost of revenue	4.32	0.18	4.78	4.69	4.11	4.21	4.02	4.15	4.00	4.25	4.23	4.79	4.69	4.98	4.96	0.73	4.78	5.42	5.50	5.57	5.36	5.64	5.12	0.67	4.33	4.81	4.30	3.96	3.70	3.70	3.01	2.71	2.43	2.19	1.88	1.55	1.55	0.89	0.89	0.67	0.67
Gross profit	3.52	7.57	3.68	3.75	3.24	3.25	2.99	3.01	2.77	2.64	2.34	2.50	2.32	2.45	2.40	0.31	1.86	2.19	2.31	2.44	2.47	2.70	2.46	0.31	1.98	2.49	2.21	1.94	2.03	2.03	1.96	1.80	1.68	1.39	1.03	0.69	0.69	0.33	0.33	0.29	0.29
Total operating expenses +	1.20	4.95	0.97	0.77	-1.59	0.84	0.85	0.81	0.81	1.07	0.92	0.96	0.93	1.06	1.14	0.21	1.11	1.51	1.39	1.40	1.30	1.40	1.20	0.18	0.93	1.29	1.24	1.05	1.04	1.04	0.98	0.83	0.81	0.85	0.59	0.47	0.47	0.22	0.22	0.36	0.36
Selling, general and administrative	0.94	1.34	1.05	0.94	0.94	0.93	1.00	0.94	0.95	1.01	1.05	1.04	1.02	1.10	1.19	1.11	1.01	1.07	1.05	1.01	0.88	0.91	0.79	0.72	0.68	0.75	0.72	0.63	0.60	0.60	0.54	0.46	0.45	0.50	0.34	0.34	0.34	0.23	0.23	0.15	0.15
Research and development					2.28				2.53	2.53	2.53		2.58	2.58	2.58			2.34				1.67	1.67			1.16	1.16	0.00	0.94	0.00	0.00	0.00	0.00	0.80	0.00	0.00	0.00	0.12	0.12	0.10	0.10
Other operating expenses	0.26	3.62	-0.08	-0.17	-4.82	-0.08	-0.15	-0.13	-2.66	-2.47	-2.66	-0.09	-2.66	-2.62	-2.63	-0.90	0.10	-1.90	0.34	0.39	0.42	-1.17	-1.26	-0.54	0.25	-0.62	-0.64	0.42	-0.50	0.44	0.43	0.37	0.36	-0.45	0.25	0.13	0.13	-0.13	-0.13	0.10	0.10
Operating income	2.32	2.62	2.71	2.98	4.84	2.41	2.14	2.20	1.96	1.71	1.43	1.54	1.38	1.39	1.26	0.10	0.75	0.68	0.92	1.04	1.16	1.30	1.26	0.12	1.05	1.20	1.19	1.09	1.15	1.15	1.06	1.01	0.93	0.65	0.46	0.21	0.21	0.12	0.12	-0.07	-0.07
Non-operating income (net)	0.26	-0.21	-0.02	0.00	0.00	0.09	-0.07	0.03	-0.05	-0.01	0.01	0.00	-0.01	-0.02	-0.02	0.06	-0.01	-0.03	-0.03	-0.05	-0.06	-0.01	-0.01	0.03	-0.03	-0.02	-0.02	-0.03	-0.02	-0.02	-0.01	-0.02	-0.01	0.00	0.01	0.03	0.03	0.00	0.00	0.01	0.01
Income before tax	2.58	2.41	2.69	2.98	4.83	2.50	2.08	2.23	1.91	1.70	1.44	1.54	1.37	1.37	1.25	0.15	0.74	0.65	0.89	0.98	1.11	1.28	1.25	0.15	1.02	1.19	1.17	1.06	1.13	1.13	1.05	1.00	0.93	0.65	0.47	0.24	0.24	0.12	0.12	-0.06	-0.06
Income tax expense	0.45	0.43	0.48	0.52	0.45	0.42	0.37	0.43	0.38	0.30	0.18	0.19	0.17	0.17	0.15	0.02	0.09	0.08	0.10	0.11	0.13	0.07	0.12	0.02	0.13	0.15	0.15	0.13	0.14	0.14	0.09	0.10	0.09	0.11	0.08	0.04	0.04	0.00	0.00	0.01	0.01
Net income	2.08	1.90	2.15	2.41	4.29	1.96	1.58	1.68	1.42	1.31	1.17	1.30	1.15	1.15	1.06	0.13	0.61	0.54	0.74	0.83	0.93	1.20	1.13	0.13	0.89	1.04	1.03	0.93	0.99	0.99	0.96	0.90	0.84	0.54	0.39	0.20	0.20	0.11	0.11	-0.07	-0.07

about 2 months ago

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	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 +	24.35	27.21	23.54	20.88	20.43	26.02	3.23	17.44	5.17	3.33
Cash and cash equivalents	8.49	13.16	13.57	9.56	6.59	11.13	2.21	17.36	5.17	3.07
Short-term investments	15.86	14.05	9.97	11.33	13.84	14.90	1.01	0.08	0.00	0.26
Accounts receivable, net	3.91	3.51	2.92	2.92	3.80	2.99	0.34	1.48	1.30	0.81
Inventories	0.04	0.02	0.01	0.01	0.02	0.02	0.00	0.04	0.03	0.01
Other current assets	4.19	3.80	3.47	2.74	2.54	2.66	0.31	0.06	0.05	0.04
Total current assets	32.48	34.54	29.94	26.56	26.79	31.69	3.89	20.78	7.47	5.00
Total non-current assets +	70.11	55.90	45.60	40.45	40.46	36.59	3.68	23.83	22.53	18.54
Property, plant and equipment, net		3.46	3.29	3.20	0.53	0.49	0.33	0.17	0.13	0.11
Goodwill	20.53	19.65	19.54	19.49	19.12	17.49	2.46	17.09	16.26	15.76
Intangible assets	2.90	4.41	4.47	4.85	4.32	2.02	0.23	1.76	1.72	2.01
Long-term investments	42.00	29.90	19.84	14.33	15.40	15.33	5.67	3.78	4.12	0.30
Other non-current assets
Total assets	102.59	90.44	75.54	67.01	67.25	68.27	7.56	44.61	30.00	23.54

Total current liabilities +	14.60	16.55	12.01	11.72	10.45	9.60	1.23	6.24	3.53	2.52
Accounts payable	6.29	6.88	5.01	5.00	4.33	3.57	0.37	1.83	1.05	1.00
Short-term debt	0.12	2.26	0.12	0.12	0.09	0.10	0.01	0.34	0.23	0.07
Current portion of long-term debt		2.15					0.00	0.00	0.00	0.00
Deferred revenue
Other current liabilities	4.65	2.87	3.07	3.69	3.83	3.78	0.53	2.53	1.21	1.04
Total non-current liabilities +	4.89	4.17	6.32	6.17	5.75	5.94	0.06	0.60	0.33	0.38
Long-term debt	3.50	3.57	5.64	5.54	5.06	5.18	0.00	0.00	0.00	0.00
Capital lease obligations	0.32	0.33	0.41	0.43	0.30	0.32	0.15	0.00	0.00	0.00
Other non-current liabilities							0.00	0.00	0.00	0.00
Total liabilities	19.48	20.72	18.33	17.88	16.20	15.54	1.29	6.83	3.85	2.90

Total stockholders' equity +	80.34	67.86	55.91	48.10	50.32	52.25	6.26	37.77	26.15	20.63
Common stock and paid-in capital	50.94	47.81	38.94	36.05	36.12	41.13	5.38	34.73	24.92	20.69
Retained earnings	29.40	20.05	16.97	12.05	14.19	11.11	0.88	3.04	1.23	-0.06
Common shares outstanding	1,554	1,565	1,584	1,617	1,682	1,680	1,674	1,580	1,636	1,636

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	Sep-16	Jun-16	Mar-16
Total cash and short-term investments +	26.66	24.35	22.32	22.20	26.69	27.21	28.56	24.55	26.63	23.54	22.22	22.99	20.49	20.49	18.91	3.20	20.03	20.03	20.24	22.34	26.02	26.02	24.81	3.02	20.94	3.23	20.69	19.94	17.44	17.44	11.53	9.53	5.17	5.17	0.00	0.00	3.33	3.33	3.33	1.31	1.31
Cash and cash equivalents	18.36	8.49	11.26	11.00	12.02	13.16	10.21	12.25	10.22	13.57	12.38	12.95	12.13	12.13	8.58	1.50	8.35	8.35	5.08	6.82	11.13	11.13	9.64	1.66	12.27	2.21	20.04	19.35	17.36	17.36	11.53	9.53	-5.17	5.17			-3.33	3.07	3.07	0.67	0.67
Short-term investments	8.30	15.86	11.07	11.20	14.67	14.05	18.35	12.30	16.41	9.97	9.84	10.04	8.36	8.36	10.33	1.70	11.68	11.68	15.16	15.52	14.90	14.90	15.17	1.35	8.67	1.01	0.65	0.59	0.08	0.08	0.00	0.00	10.35				6.66	0.26	0.26	0.63	0.63
Accounts receivable, net	3.81	3.91	3.68	3.73	3.20	3.51	2.94	3.02	2.81	3.10	2.50	2.46	2.72	2.72	2.92	0.43	2.51	2.51	2.69	2.60	2.80	2.99	2.16	0.28	2.08	0.32	1.73	1.69	1.48	1.48	1.91	1.60	0.00	1.30				0.72	0.72	0.14	0.14
Inventories	0.05	0.04	0.06	0.03	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.00	0.02	0.02	0.03	0.02	0.02	0.02	0.03	0.00	0.03	0.00	0.03	0.03	0.04	0.04	0.04	0.03	0.00	0.03				0.01	0.01	0.00	0.00
Other current assets	4.02	4.19	3.86	4.92	4.27	3.80	3.01	3.21	3.10	3.29	3.35	3.15	2.62	2.58	4.22	0.51	2.69	2.69	3.15	3.42	0.05	2.66	3.05	0.32	2.24	0.32	2.81	2.20	0.06	0.06	1.93	1.75	0.00	0.96				0.93	0.93	0.34	0.34
Total current assets	34.54	32.48	29.92	30.88	34.18	34.54	34.53	30.79	32.54	29.94	28.08	28.60	25.85	25.85	26.07	4.14	25.26	25.26	26.11	28.37	31.69	31.69	30.04	3.62	25.29	3.86	25.27	23.85	20.78	20.78	15.41	12.91	5.17	7.47			3.33	5.00	5.00	1.79	1.79
Total non-current assets +	64.94	70.11	74.97	77.00	63.91	55.90	50.09	51.62	46.63	45.60	44.88	43.86	43.27	43.27	40.69	5.76	40.74	40.74	40.29	39.68	36.59	36.59	34.03	4.63	27.17	3.70	24.68	25.04	23.83	23.83	24.29	23.03	-5.17	22.53			-3.33	18.54	18.54	2.67	2.67
Property, plant and equipment, net				3.60	3.54	3.46	3.40	3.30			0.83		0.70	3.20	0.72	0.73	0.52	0.53	0.52	0.49	0.48	0.49	0.31	0.31	0.30	0.33	0.31	0.29	0.25	0.00	0.00	0.02	0.00	0.02				0.02
Goodwill	20.45	20.53	20.52	20.47	19.65	19.65	19.65	19.65	19.57	19.54	19.54	19.54	19.54	19.54	19.49	2.91	19.13	19.13	19.10	19.06	17.49	17.49	17.15	2.42	17.14	2.46	17.14	17.14	17.09	17.09	16.29	16.29	0.00	16.26				15.76	15.76	1.60	1.60
Intangible assets	2.76	2.90	2.94	5.37	4.37	4.41	4.38	4.44	4.44	4.47	4.59	4.64	4.75	4.75	4.99	0.41	5.23	5.23	2.76	2.74	2.02	2.02	1.91	0.28	1.62	0.23	1.64	1.67	1.76	1.76	1.54	1.61	0.00	1.72				2.01	2.01	0.61	0.61
Long-term investments	37.09	42.00	46.91	49.19	37.98	29.90	24.20	25.85	20.98	19.84	18.96	17.97	17.33	14.33	14.43	12.08	14.84	15.40	15.26	15.91	15.79	15.33	13.38	12.13	6.94	5.67	4.61	4.93	4.38	0.00	0.12	0.65	0.00	4.12				0.30
Other non-current assets
Total assets	99.48	102.59	104.87	107.87	98.08	90.44	84.61	82.41	79.18	75.54	72.96	72.47	69.11	69.11	66.76	9.91	66.00	66.00	66.39	68.06	68.27	68.27	64.07	8.25	52.46	7.56	49.94	48.89	44.61	44.61	39.70	35.95	0.00	30.00				23.54	23.54	4.47	4.47

Total current liabilities +	16.56	14.60	14.35	16.50	18.63	16.55	15.27	13.18	12.19	12.01	11.41	11.44	10.98	10.98	12.14	1.78	11.06	11.06	9.96	9.86	9.60	9.60	8.62	1.19	8.00	1.22	7.63	7.20	6.24	6.24	5.17	4.37	0.00	3.53				2.52	2.52	1.93	1.93
Accounts payable	6.15	6.29	6.62	6.96	7.30	9.03	6.52	6.22	5.49	5.01	5.05	5.22	5.32	5.32	4.84	0.86	5.18	5.18	4.48	4.40	3.57	3.57	3.21	0.43	2.64	0.37	2.50	2.45	1.83	1.83	1.74	1.49	0.00	1.05				1.00	1.00	0.17	0.17
Short-term debt	0.11	0.12	0.10	2.25	2.26	0.11	2.21	0.11	0.10	0.12	0.11	0.12	0.12	0.12	0.10	0.01	0.09	0.09	0.10	0.10	0.10	0.10	0.08	0.01	0.07	0.01	0.06	0.06	0.34	0.34	0.21	0.11	0.00	0.23
Current portion of long-term debt				2.15	2.15	2.15	2.10																			0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Deferred revenue
Other current liabilities	6.49	4.65	4.22	3.01	4.85	7.41	2.79	3.20	2.94	6.12	3.20	3.22	2.80	3.21	4.49	0.57	3.50	3.93	3.27	3.10	4.33	3.78	3.44	0.47	3.16	0.54	3.09	2.88	2.53	2.53	3.23	2.78	0.00	2.25				1.53	1.53	1.76	1.76
Total non-current liabilities +	6.08	4.89	5.09	5.00	4.26	4.17	4.11	6.35	6.23	6.32	6.38	6.31	6.07	6.07	6.32	0.92	5.71	5.71	5.82	5.83	5.94	5.94	6.00	0.09	0.50	0.07	0.67	0.67	0.60	0.60	0.40	0.44	0.00	0.33
Long-term debt	4.54	3.50	3.53	3.56	3.57	3.57	3.48	5.67	5.65	5.64	5.71	5.75	5.46	5.54	5.64	5.33	5.04	5.06	5.15	5.13	5.21	5.18	5.40			0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital lease obligations	0.30	0.32	0.33	0.34	0.36	0.33	0.34	0.36	0.35	0.41	0.43	0.38	0.40	0.43	0.45	0.47	0.29	0.30	0.30	0.32	0.31	0.32	0.14	0.14	0.13	0.15	0.14	0.14	0.09	0.00	0.00		0.00
Other non-current liabilities	0.43		0.37	0.35									0.00		0.01											0.00	0.00	0.00	0.00	0.00	0.00		0.00
Total liabilities	22.64	19.48	19.44	21.50	22.89	20.72	19.38	19.53	18.42	18.33	17.79	17.75	17.05	17.05	18.46	2.69	16.78	16.78	15.78	15.70	15.54	15.54	14.62	1.28	8.50	1.29	8.31	7.87	6.83	6.83	5.57	4.81	0.00	3.85				2.52	2.52	1.93	1.93

Total stockholders' equity +	74.06	80.34	82.75	83.88	73.24	67.86	63.49	61.21	59.32	55.91	53.93	53.58	50.98	50.98	47.22	7.06	48.43	48.43	49.95	51.78	52.25	52.25	49.34	6.96	43.87	6.26	41.54	40.93	37.72	37.72	34.08	31.12	26.15	26.14			20.63	20.63	20.63	2.49	2.49
Common stock and paid-in capital	45.52	50.94	55.56	58.84	50.60	47.81	45.38	44.69	40.93	38.94	38.27	39.08	37.78	37.78	36.25	4.72	33.63	33.63	36.29	38.91	41.13	41.13	39.38	5.71	35.97	5.25	35.56	35.97	34.68	34.68	30.14	28.14	26.15	24.91	0.00	0.00	20.63	20.67	20.67	3.47	3.47
Retained earnings	28.54	29.40	27.19	25.04	22.64	20.05	18.11	16.52	18.39	16.97	15.67	14.50	13.20	13.20	10.97	2.34	14.80	14.80	13.66	12.86	11.11	11.11	9.97	1.25	7.89	1.01	5.98	4.95	3.04	3.04	3.94	2.97	0.00	1.23				-0.04	-0.04	-0.97	-0.97
Common shares outstanding	1,556	1,554	1,559	1,551	1,547	1,556	1,567	1,569	1,562	1,573	1,587	1,584	1,583	1,583	1,603	1,624	1,651	1,651	1,669	1,688	3,365	1,682	1,681	1,675	1,675	1,678	1,666	1,675	1,563	1,563	1,635	1,624	1,624	1,635	1,635	1,302	1,302	1,375	1,375	1,311	1,311

about 2 months ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating cash flow +	10.16	10.28	7.34	7.48	5.24	4.89	6.20	5.63	2.50	0.87
Net income
Depreciation, depletion and amortization	1.34	0.98	1.00	1.16	1.00	0.82	0.58	0.37	0.38	0.24
Stock-based compensation	0.67	0.60	0.65	0.67	0.65	0.57	0.52	0.49	0.36	0.17
Change in inventory	-0.02	-0.02	0.01	0.01	-0.01	0.01	0.01	0.00	-0.02	-0.01
Other working capital changes	8.17	8.72	5.68	5.65	3.60	3.48	5.09	4.78	1.78	0.48
Cash flow from investing +	-10.27	-6.82	-1.86	-1.45	-6.00	-14.21	-8.10	-1.19	-0.48	0.50
Capital expenditures	-0.30	-1.03	-1.16	-1.05	-2.76	-0.50	-0.29	-0.14	-0.08	-0.04
Others incl. marketable securities changes	-9.97	-5.79	-0.70	-0.39	-3.24	-13.71	-7.82	-1.05	-0.41	0.54
Cash flow from financing +	-4.41	-3.83	-1.54	-3.42	-3.71	5.29	-0.03	7.74	0.10	1.71
Dividend payout	-1.93	-1.51	0.00	-0.07	-0.11	0.00	-0.13	-0.02	0.00	0.00
Common stock repurchases	-0.65	-1.93	-1.25	-3.13	-3.48	-0.13	-0.03	7.74	0.08	1.90
Net Debt Issuance	-1.83	-0.40	-0.29	-0.22	-0.13	5.43	0.13	0.02	0.02	-0.19

Change in cash	-4.52	-0.37	3.94	2.62	-4.47	-4.03	-1.93	12.18	2.12	3.08
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	Sep-16	Jun-16	Mar-16
Operating cash flow +	2.34	2.34	3.68	1.64	2.52	2.48	2.17	2.94	2.69	1.98	1.44	2.07	2.49	2.49	1.25	1.24	2.49	0.82	1.60	0.15	1.88	1.86	0.08	1.44	0.15	2.03	1.35	1.89	0.93	0.93	1.64	1.98	0.07	-0.25	0.82	0.97	0.97	0.30	0.30	0.14	0.14
Net income
Depreciation, depletion and amortization	1.07	1.07			0.98				1.00	0.86	0.86		1.02	1.16	1.02	0.12	0.12	1.00	0.87	0.02	0.22	0.82	0.01	0.23	0.01	0.58	0.47	0.36	0.03	0.00	0.08	0.01	0.01	-0.03	0.08	0.11	0.11	0.07	0.07	0.02	0.02
Stock-based compensation			0.21	0.15	0.07	0.16	0.17	0.16	0.19	0.12	0.19	0.17	0.17	0.17	0.23	0.23	0.20	0.20	0.20	0.19	0.15	0.14	0.15	0.14	0.14	0.14	0.13	0.12	0.13	0.13	0.11	0.10	0.13	0.14	0.06	0.09	0.09	-0.05	-0.05	0.14	0.14
Change in inventory					-0.02				0.01	0.01	0.01		0.01	0.01	0.01			-0.01	-0.01	-0.01	-0.01	0.01	0.01	0.00	0.01	0.01	0.01	-0.01	0.00	0.00	-0.01	0.00	0.00	-0.02				0.00	0.00	0.00	0.00
Other working capital changes	1.27	1.27	3.47	1.49	1.49	2.32	2.00	2.78	1.48	0.99	0.39	1.90	1.30	1.16	0.00	0.89	2.17	-0.37	0.53	-0.05	1.51	0.89	-0.10	1.07	0.00	1.30	0.75	1.42	0.76	0.79	1.46	1.87	-0.07	-0.35	0.68	0.77	0.77	0.29	0.29	-0.02	-0.02
Cash flow from investing +	-4.99	-4.99	-1.24	-0.63	-3.22	-6.82	-3.34	0.69	-5.50	-0.19	-1.14	-1.34	0.81	-1.11	-1.24	1.23	-0.33	1.00	-1.69	-0.45	-2.38	-0.14	-1.13	-2.07	-0.59	-6.57	-0.68	2.56	-3.41	-0.02	0.33	-0.25	-0.32	0.25	0.84	-0.79	-0.79	0.62	0.62	-0.38	-0.38
Capital expenditures	-2.34	-2.34	0.00	0.00	-0.32	0.00	0.00	0.00	-0.17	-0.17	-0.17	0.00	-0.09	-0.09	-0.09	0.00	-0.16	-0.16	-0.16	-0.15	-0.20	-0.11	-0.08	-0.07	-0.15	-0.10	-0.10	-0.03	-0.13	-0.13	-0.05	0.00	-0.01	-0.03	-0.03	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Others incl. marketable securities changes	-2.65	-2.65	-1.24	-0.63	-2.90	-6.82	-3.34	0.69	-5.33	-0.03	-0.98	-1.34	0.90	-1.02	-1.16	1.23	-0.17	1.16	-1.53	-0.31	-2.18	-0.04	-1.06	-2.01	-0.43	-6.48	-0.59	2.58	-3.28	0.11	0.38	-0.25	-0.31	0.28	0.86	-0.77	-0.77	0.64	0.64	-0.37	-0.37
Cash flow from financing +	-0.02	-0.02	-2.12	-2.06	-0.46	-0.82	-0.88	-1.61	-0.52	-0.58	-0.85	-0.03	-0.38	-0.38	-1.67	-0.97	-0.40	-0.29	-1.65	-0.22	-0.37	0.02	0.78	-0.03	-0.02	-0.07	0.04	-0.01	0.02	0.02	0.10	0.21	2.86	0.00	0.08	0.01	0.01	0.54	0.54	0.31	0.31
Dividend payout					-1.51								-0.07	-0.07	-0.07		-0.09	-0.09								-0.03	-0.03	0.00	-0.02	-0.02	0.00	0.00	0.00
Common stock repurchases	-0.65	-0.65			-2.14				-1.35	-1.35	-1.35		-3.15	-3.15	-3.15	-0.97	-0.32	-3.58			-0.33	-0.18	-0.18	-0.15	-0.15	-0.03	-0.03	0.00	0.00	1.13	-2.86	0.00	0.00
Net Debt Issuance	0.63	0.63	-2.12	-2.06	3.19	-0.82	-0.88	-1.61	0.83	0.77	0.50	-0.03	2.84	2.84	1.55	-0.01	0.01	3.39	-1.65	-0.22	-0.05	0.20	0.96	0.13	0.13	-0.01	0.10	-0.01	0.04	-1.09	2.96	0.21	2.86	0.00	0.08	0.01	0.01	0.54	0.54	0.31	0.31

Change in cash	-2.68	-2.68	0.32	-1.05	-1.16	-5.15	-2.05	2.03	-3.33	1.21	-0.55	0.70	2.92	1.00	-1.66	1.50	1.77	1.53	-1.75	-0.52	-0.88	1.74	-0.28	-0.66	-0.45	-4.61	0.71	4.44	-2.47	0.92	2.08	1.95	2.61	0.00	1.74	0.19	0.19	1.46	1.46	0.08	0.08
Change in exchange rate																										0.00	0.00	0.00	0.00	0.00	0.00		0.00