Evaluate P&Gs performance and determine the value of the company.Essential components include pro forma analysis (cash flow estimations), risk analysis, discounted cash flow and relative valuation methods, etc. Please note: you are not required to estimate PGs WACC. The WACC (i.e the discount rate) is given as 5.9%. See details in the PDF file.
- Firm valuation: apply various methods discussed in the class to determine the value of the firm.
- Risk Analysis (scenario and sensitivity analyses): use break-even sensitivety analysis to identify top 3 value drivers from the list of inputs, and develop best, worst, and expected scenarios (based on the top 3 value drivers) and analyze how firm value is impacted by the drivers and different scenarios.
2017 2018 2019 2020 2021 120,408,000,000 118,310,000,000 115,095,000,000 120,700,000,000 119,307,000,000 26.494,000,000 23,320,000,000' 22.473,000,000 27.987.000.000 23,091,000,000 15, 137,000,000 11.850,000,000 10 287,000,000 16,181,000,000 10,288,000,000 5,589,000,000 000 2.589,000,000 4239,000,000 16,181,000,000 10,288,000,000 9,568.000.000 ' 9.281.000.000 6,048.000.000 9,588,000,000 9.281,000,000 8,048,000,000 0 4,624,000,000 4,738,000,000 5,017,000,000 5,498,000,000 5,983.000.000 1,308.000.000 1.335.000.000 1289.000.000 1.414.000.000 1,645.000.000 529,000,000' 588,000,000 612,000,000 674,000,000 719,000,000 2.787,000,000 2.815.000.000' 3,116,000,000 3,410,000,000 3,619,000,000 4,594,000,000 4.888.000.000' 4,951,000,000 4,178,000,000 4.725.000.000 4.594.000.000 4.688.000.000 4.951.000.000 4,178,000,000 4.725.000.000 2,139,000,000 2,048,000,000 2.218.000.000 2.130.000.000 2,095,000,000 0 0 93,912,000,000 94,990,000,000 92.622,000,000'92,713.000.000 98,218,000,000 19,893,000,000 20,800,000,000 21 271,000,000 20,892,000,000 21,688,000,000 40,148,000,000 41.847,000,000 43,393.000.000 43.771,000,000 46,898,000,000 7,708,000,000 8,029,000,000 8,551,000,000 8,477.000.000 8,973,000,000 785,000,000 841.000.000 805.000.000 777,000,000 808,000,000 8,943,000,000 7,188,000,000 7,748,000,000 7,700,000,000 8,165,000,000 29,505,000,000 30,595,000,000 32 283.000.000 33.260,000,000 35,387,000,000 2,935,000,000 '3.223.000.000 2.579.000.0002.034.000.000 2.358,000,000 20,255,000,000 21.247.000.000' 22,122,000,000 23,079,000,000 25.012,000,000 20,255,000,000 21247,000,000 22,122,000,000 23,079,000,000 25.012,000,000 68,886,000,000 69.077,000,000 64,488,000,000 63,693,000,000 64,586,000,000 73.741,000,000 74233,000,000/89,884,000,000 69,423,000,000 70,688,000,000 44,699,000,000 45,175,000,000 40.273.000.000 39,901,000,000 40.924,000,000 29,042,000,000 29,058,000,000 29.591,000,000 29.522.000.000 29.742.000.000 27,428,000,000 27.445,000,000 27 659,000,000 27 627.000.000 27,803,000,000 1,377,000,000 1,372,000,000 1,787,000,000 1,752,000,000 1,789,000,000 239.000.000 241,000,000 145,000,000 143,000,000 150.000.000 -4,855,000,000 -5.158.000.000 -5.376.000.000 -5,730,000,000 6.100.000.000 -4,855,000,000 -5,156.000.0005,376,000,000 -5.730.000.000 -8,100,000,000 -4,855,000,000 -5,158,000,000 -5,378,000,000 -5,730,000,000 -6, 100.000.000 -4, 159.000.000 -4,398.000.000 -4,594,000,000 -4,880,000,000 -5,121,000,000 -584,000,000 -616,000,000 691.000.000 -778.000.000 -882,000,000 132.000.000 - 144,000,000 91,000,000 92.000.000 97,000,000 5,133,000,000 5,313,000,000 6.883.000.000 8.328.000.000 9.984,000,000 72,653,000,000 33, 132,000,000 18,716.000.000 14,357.000.000 13,720,000,000 637,000,000 4,359,000,000 8.889.000.000 8,889,000,000 5,289.000.000 5,171,000,000 98,000,000 3.620.000.000 PG_balance-sheet_Annual_48_Originally Reported Total Assets Total Curent Assets Cash Cash Equivalents and Short Tem rivestiments Cash and Cash Equivalents Short Tem rivestments Available for Sale Securities, Current hvertones Raw Materials, Consumables and Supplies Work in Process Finished Goods and Merchandise Trade and Other Receivables, Current Trade/Accounts Receivable, Current Prepayments and Deposits, Current Deferred Tax Assets, Current Assets Held for Sale/Discontinued Operations, Current Total Non-Curent Assets Net Property, plant and Equipment Gross Property. Plant and Equipment Properties Land and improvements Buildings and improvements Machinery, Furniture and Equipment Construction in Progress and Advance Payments Accumulated Depreciation and impaiment Accumulated Depreciation Net Intangible Assets Gross Goodwill and Other Intangible Assets Goodwil Intangibles other than Goodwill Trademarks and Patents Customer Relationships Other hangible Assets Accumulated Amortization and Impairment Accumulated Amortization of hangible Assets Accumulated Amortion of trang bles other than Goodwill Accumulated Amerization of Trademarks and Patents Accumulated Amorization of Customer Relationships Accumulated Amortization of Other Intangible Assets Accumulated Impairment of hangible Assets Accumulated inpaiment of Goodwill Other Non-Current Assets Assets Held for Sale: Discontinued Operations, Non-Current Total Liabilities Total Current Liabilities Payables and Accrued Expenses, Current Trade and Other Payables, Current Trade/Accounts Payable, Current Taxes Payable. Curent Accrued Expenses, Current Financial Liabilities Current Current Debt and Capital Lease Obligation Curent Debt Commercial Paper Other Loans, Curent Debt Current Portion of Long Tem Debt and Capital Lease Current Portion of Long Term Debt Capital Lease Obligations, Current Provisions, Current Provision for Employee Entitlements, Current Other Provisions, Current Other Current Liabilities Liabilities Held for Sale/Discontinued Operations, Current Total Non Curent Liabilities Financial Liabilities, Non-Current Long Tem Debt and Capital Lease Obligation Long Term Debt Capital Lease Obigations, Non Current Provisions, Non-Current Provision for Employee Entitlements, Non-Current Pension and Other Past Retirement Benefit Plans, Non Current Tax Liabilities, Non Current Deferred Tax Liabilities, Non Current Payables and Accrued Expenses, Non-Current Trade and Other Payables, Non Current Taxes Payable. Non Current Other Non-Current Liabilities Liabilities Held for Sale Discontinued Operations. Non-Current Total Equity Equity Auributable to Parent Stockholders Paid in Capital Capital Stock Common Stock Preferred Stock Additional Paidin Capital Share Premium Treasury Stock Retained Earrings Accumulated Deficit Reserves Accumulated Comprehensive income Lasses Other Reserves Accum. Comp. Inc Pension and Other Past Retirement Benefit Plans Reserves/Acour. Comp. the Non-Contraling Minority rests Debt Maturity Schedule Total Debt due in Year 1 Debt due in Year 3 Debt due in Year 5 Debt due Beyond Debt-Interests Charges and Other Adjustments Operating Lease Obligation Maturity Schedule Total Operating Lease dun in Year 1 Operating Lease due in Year 2 Operating Lease due in Year 3 Operating Lease due in Year 4 Operating Lease due in Year 5 Operating Lease due Beyond Operating Lease Interests Charges and Other Adjustments Other Contractual Obligations Maturity Schedule Total Other Contractual Obligations due in Year 1 Other Cartractual Obligations due in Year 3 Other Contractual Obligations due in Year 5 Other Contractual Obligations due Beyond Total Lease Liability Total Lease Liability C Due in year 1 Total Lease Liability C Due in year 2 Total Lease Liability C Due in year 3 Total Lease Liability C Due in year 4 Total Lease Liability C Due in year 5 Total Lease Liability C Beyond Total Lease Liability C Hterest Charges and Other Adjustments Total Contractual Obligations Total Contractual Obligations due in year 1 Total Contractual Obligations due in year 2 Total Contractual Obligations due in year 3 Total Contractual Obligations due in year 4 Total Contractual Obligations due in year 5 Total Contractual Obligations due Beyond Total Contractual Obligations Interests Charges and Other Adjustments Capital Lease Obligation Maturity Schedule Total Capital Lease due in Year 1 Capital Lease dun in Year 3 Capital Lease due in Year 5 Capital Lease due Beyond Fiscal year ends in Jun 30 USD 64,628,000,000 65,427,000,000 67,516,000,000 73.822.000.000 30,210,000,000 28.237,000,000 30.011,000,000 32.976.000.000 13,041,000,000 13.978.000.000 15,900,000,000 16.295.000.000 10,081,000,000 10,812,000,000 11.601,000,000 12,784,000,000 9,632,000,000 10,344,000,000 11 280.000.000 12.071,000,000 449,000,000 268,000,000 341.000.000 693,000,000 2.980.000.000 3,364.000.000 4.299,000,000 3.531.000.000 13,554,000,000 10.423,000,000 9.697.000.000 11,183,000,000 13,554,000,000 10,423,000,000 9,697,000,000 11,183,000,000 11,878,000,000 8,851.000.000 8,309.000.000 8,675.000.000 11,705.000.000 7,761,000,000 6,183,000,000 8,545,000,000 173,000,000 890,000,000 126.000.000 130.000.000 1,678,000,000 1.772.000.000 3.388.000.000 2.508,000,000 1,683.000.000 1.750.000.000 3,379,000,000 13,000,000 22.000.000 9.000.000 1,621,000,000 1.811.000.000 2.091.000.000 2.393,000,000 1,344,000,000 1 298.000.000 1.623.000.000 1,921,000,000 277.000.000 513,000,000 488,000,000 472.000.000 1,994,000,000 2,027.000.000 2.323.000.000 3,105,000,000 0 0 34,418,000,000 37,190,000,000 37.505.000.000 40.846,000,000 18,038,000,000 20.863,000,000 20.863.000.000 20.395,000,000 24.189.000.000 18,038,000,000 20.863,000,000 20,395,000,000 24.189.000.000 18,000,000,000 20,778,000,000 20.371,000,000 23.537.000.000 38,000,000 85.000.000 24,000,000 652,000,000 6,820,000,000 8.263,000,000 8,720,000,000 7.188.000.000 6,820,000,000 6.263.000.000 6,720,000,000 7,188,000,000 6,820.000.000 6.263.000.000 6,720.000.000 7,188,000,000 8,126.000.000 8,163,000,000 6.899,000,000 8,199,000,000 8. 126.000.000 6,163,000,000 6.899.000.000 6.199,000,000 2.654,000,000 2.343,000,000 2.121.000.000 2.654.000.000 2.343,000,000 2,121,000,000 2.654.000.000 2.343,000,000 2.121.000.000 1,434,000,000 1.247.000.000 1,148,000,000 1,149,000,000 2.423,000,000 2, 145,000,000 278.000.000 3,104.000.000 39,521,000,000 23,730,000,000 23,730.000.000 23,099,000,000 631.000.000 8,374,000,000 8,374,000,000 8,374,000,000 6,153.000.000 6,153.000.000 1,891,000,000 1,891,000,000 1,891,000,000 1,373,000,000 55,778,000,000 52.883.000.000 47,579,000,000 46.878,000,000 48,654,000,000 55,184,000,000 52 293.000.000 47.194.000.000 46.521,000,000 48,378,000,000 25,059,000,000 30,395,000,000 31.842,000,000 38,473,000,000 -45,246.000.000 88,856,000,000 88,822,000,000 68,822,000,000 68,784.000.000 69,100,000,000 69,727,000,000 4,009,000,000 4,009,000,000 4,009,000,000 4,009,000,000 4,009.000.000 1.000.000.000 967.000.000 928,000,000 897.000.000 870.000.000 63,641,000,000 63.848,000,000 63.827,000,000 64.194,000,000 64,848,000,000 -93,715,000,000 99.217.000.000 - 100,406.000.000 - 105,573,000,000 105,573,000,000 -114.973.000.000 96, 124,000,000 98.641,000,000 94,918,000,000 94,918,000,000 100 239,000,000 108,374,000,000 -15,881,000,000 -15.953,000,000 -16.082.000.000 -17 245.000.000 -14,750,000,000 -14,632,000,000 -14,749,000,000 14,749,000,000 14,936.000.000 -16,165,000,000 -13.744,000,000 -1,249,000,000 -1204.000.000 -1,148.000.000 -1,080.000.000 -1.006.000.000 594.000.000 590,000,000 385.000.000 357,000,000 276.000.000 31,455,000,000 31 217,000,000 31217,000,000 30,059,000,000 34.720,000,000 31,987,000,000 13,543,000,000 10,407,000,000 9.695,000,000 11,183,000,000 8,880,000,000 3.101.000.000 4.630,000,000 4,791.000.000 5.154,000,000 4.928,000,000 4,238,000,000 5.224.000.000 4,807,000,000 5,148,000,000 4.858.000.000 10,575,000,000 10.956.000.000 10.695.000.000 13,098,000,000 13,301.000.000 71.000.000 137.000.000 1218.000.000 891,000,000 850,000,000 255.000.000 239,000,000 219,000,000 213.000.000 191.000.000 192,000,000 162,000,000 161.000.000 157,000,000 166.000.000 134.000.000 106.000.000 134,000,000 86.000.000 69,000,000 288,000,000 212,000,000 210,000,000 -132,000,000 -103.000.000 9.344.000.000 11.281,000,000 9,678.000.000 1,715,000,000 1,934.000.000 1,820.000.000 2,143,000,000 2,442,000,000 2,627,000,000 1,578,000,000 2.084.000.000 2,371,000,000 3.910.000.000 4.801.000.000 2.880.000.000 51.000.000 107.000.000 1 251,000,000 891.000.000 850.000.000 13.000.000 22.000.000 284.000.000 239.000.000 219,000,000 213,000,000 191.000.000 192.000.000 20.000.000 35.000.000 177,000,000 161,000,000 157,000,000 168,000,000 134.000.000 106,000,000 10.000.000 23.000.000 141,000,000 88,000,000 69.000.000 8,000,000 27.000.000 290,000,000 212.000.000 210.000.000 -132.000.000 -103.000.000 31,506,000,000 31,324,000,000 40,854,000,000 46.872.000.000 42.495,000,000 13.558,000,000 10,429,000,000 11,674.000.000 13,356,000,000 10,919,000,000 213.000.000 191,000,000 192.000.000 3,121,000,000 4,665,000,000 7,111,000,000 7,757.000.000 7,712,000,000 168,000,000 134,000,000 108,000,000 4,248,000,000 5.247,000,000 6.524,000,000 7,318.000.000 7,298.000.000 10,583.000.000 10.983.000.000 14.895,000,000 18,111,000,000 16,371.000.000 71,000,000 5.000.000 -103.000.000 51.000.000 107.000.000 33.000.000 13.000.000 22,000,000 9,000,000 20.000.000 35.000.000 15.000.000 10,000,000 23,000,000 7.000.000 8,000,000 27,000,000 2.000.000 PG_cash-flow_Annual_As_ Originally_Reported Cash Flow from Operating Activites, Indirect NetCash Flow fom Continuing Operating Activities, Indirect Cash Generated from Operating Activities ncome Loss before Non-Cash Adjustment Total Adjustments for Non-Cash tems Depreciation, Amortization and Depleton, Non-Cash Adjustment Depreciation and Amortization, Non-Cash Adjustment Stock-Based Compensation, Non-Cash Adjustment Taxes, Non-Cash Adjustment rregular Income/Loss, Non-Cash Adjustment Gain Loss on Disposals, Non-Cash Adjustment Gain Loss on DisposalSale of Other Assets, Non-Cash Adjustment Gain Loss on DisposalSale of Business, Non-Cash Adjustment Gain Loss on Extinguishment of Debt Non-Cash Adjustment Impai mentof Goodwil, Non-Cash Adjustment Other Non-Cash Items Changes in Operating Capital Change in hventories Change in Trade and Other Receivables Change in Trade Accounts Receivable Change in Payables and Accrued Expenses Change in Trade and Other Payables Change in Trade Accounts Payable Change in Other Operating Capital Cash Flow from hesting Activities Cash Flow from Continuing Investing Activities Capital Expenditure, Reported Purchase Sale of Business, Net Purchase/Acquisition of Business Purchase Sale of hvestments, Net Purchase of Investments Sale of Investments Purchase Sale of Other Non-Current Assets, Net Sales ofOther Non-Current Assets Change in Restricted Cash and Cash Equivalents Cash Flow fom Financing Activities Cash Flow fom Continuing Financing Activities Esuance ofPayments for Common Stook, Net Payments for Common Stock Esuance of Repayments for Debt, Net ssuance of Repayments for Short Term Debt, Net Esuance of Repayments for Long Term Debt, Net Proceeds fom Esuance of Long Term Debt Repayments for Long Term Debt Cash Dividends and Interest Paid Cash Dividends Paid Proceeds fom ssuance/Exercising ofStock Options Warrants Cash and Cash Equivalents, End ofPeriod Change in Cash EfectofExchange Rate Changes Cash and Cash Equivalents, Beginning of Period Cash Flow Supplemental Section Change in Cash as Reported, Supplemental Income Tax Paid Supplemental Interest Paid, Supplemental Fiscal Year ends in Jun 30 USD 2017 2018 2019 2020 2021 12,753,000,000 14,867,000,000 15,242,000,000 17,403,000,000 18,371,000,000 12,753,000,000 14,867,000,000 15,242,000,000 17,403,000,000 18,371,000,000 12,753,000,000 14,887,000,000 15,242,000,000 17,403,000,000 18,371,000,000 15,411,000,000 9,861,000,000 3,968,000,000 13,103,000,000 14,352,000,000 -2215,000,000 1,986,000,000 10,908,000,000 3,090,000,000 3,848,000,000 2,820,000,000 2,834,000,000 2.824,000,000 3,013,000,000 2,735,000,000 2,820,000,000 2,834,000,000 2,824,000,000 3,013,000,000 2,735,000,000 351,000,000 395,000,000 515,000,000 558,000,000 540,000,000 -601,000,000 -1,844,000,000 -411,000,000 -590,000,000 -258,000,000 -4,947,000,000 170,000,000 7,687,000,000 7,000,000 498,000,000 -5,490,000,000 -176,000,000 -878,000,000 7,000,000 -18,000,000 -5,490,000,000 -176,000,000 -878,000,000 7,000,000 -16,000,000 0 543,000,000 348,000,000 0 0 512,000,000 0 8,345,000,000 0 0 162,000,000 431,000,000 313,000,000 108,000,000 135,000,000 -443,000,000 3,020,000,000 388,000,000 1,210,000,000 371,000,000 71,000,000 -188,000,000 -239,000,000 -637,000,000 -309,000,000 -322,000,000 -177,000,000 -278,000,000 634,000,000 -342,000,000 -322,000,000 -177,000,000 -278,000,000 834,000,000 -342,000,000 -149,000,000 1,385,000,000 1,858,000,000 1,923,000,000 1,391,000,000 -149,000,000 1,385,000,000 1,858,000,000 1,923,000,000 1,391,000,000 -149,000,000 1,385,000,000 1,858,000,000 1,923,000,000 1,391,000,000 43,000,000 2,000,000,000 973,000,000 -710,000,000 389,000,000 5,689,000,000 3,511,000,000 3,490,000,000 3,045,000,000 -2,834,000,000 -5,889,000,000 3,511,000,000 -3,490,000,000 3,045,000,000 -2,834,000,000 -3,384,000,000 -3,717,000,000 -3,347,000,000 -3,073,000,000 -2,787,000,000 -491,000,000 -109,000,000 -3,945,000,000 -58,000,000 -34,000,000 -491,000,000 -109,000,000 -3.945,000,000 -58,000,000 -34,000,000 -3,381,000,000 48,000,000 3,408,000,000 8,148,000,000 -55,000,000 -4,889,000,000 3,909,000,000 -220,000,000 -5,000,000 65,000,000 1,488,000,000 3,955,000,000 3,628,000,000 6,151,000,000 571,000,000 289,000,000 394,000,000 30,000,000 42,000,000 571.000.000 289,000,000 394,000,000 30,000,000 42,000,000 996,000,000 -3,588,000,000 -14,375,000,000-9,994,000,000 -8,387,000,000 21,531,000,000 8,568,000,000 -14,375,000,000-9,994,000,000 -8,387,000,000 21,531,000,000 5204,000,000 -7,004,000,000 -5,003,000,000 -7,405,000,000 -11,009,000,000 5204,000,000 -7,004,000,000 5,003,000,000 -7,405,000,000 -11,009,000,000 1,399,000,000 -1,238,000,000 -817,000,000 4,849,000,000 3,903,000,000 2,727,000,000 3,437,000,000 -2,215,000,000 2,345,000,000 3,333,000,000 -1,328,000,000 2,199,000,000 1,398,000,000 2,504,000,000 -570,000,000 3,803,000,000' 5,072,000,000 2,367,000,000 4,951,000,000 4,417,000,000 -4,931,000,000 -2.873,000,000' 989,000,000 -2.447,000,000 -4,987,000,000 -7 238,000,000 -7,310,000,000-7,498,000,000 -7,789,000,000 -8,263,000,000 -7236,000,000 -7,310,000,000 -7,498,000,000 -7,789,000,000 -8,263,000,000 2,473,000,000 1,177,000,000 3,324,000,000 1,978,000,000 1,844,000,000 5,569,000,000 2,569,000,000 4,239,000,000 16,181,000,000 10 288,000,000 - 1,504,000,000 3,019,000,000 1,758,000,000 12,081,000,000 5,994,000,000 29,000,000 19,000,000 -88,000,000 -139,000,000 101,000,000 7,102,000,000 5,589,000,000 2,589,000,000 4,239,000,000 18,181,000,000 -1,533,000,000 3,000,000,000 1,870,000,000 11,942,000,000 5,893,000,000 3,714,000,000 -2.830,000,000 -3,084,000,000-3,550,000,000 3,822,000,000 -518,000,000 -529,000,000 -497,000,000 -434,000,000 -531,000,000 PG_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Business Revenue Costof Revenue Costof Goods and Services Operating home Expenses Seling, General and Administrative Expenses Total Operating Profit Loss Non-Operating Income Expenses, Total Total Net Finance Income Expense Net Interest Income Expense Interest Expense Net ofCapitalized Interest Interest Income Irregular Income Expenses Goodwill impairment Write Off Disposal of Businesses Other Income Expense, Non-Operating Pretax Income Provision for Income Tax Net Income fom Continuing Operations Net Income afer Extraordinaryltems and Discontinued Operations Non-Controling Minority Interests Net Income afer Non-Controlling Minority interests Preferred Other Stock Distribution Preferred Stook Dividends Net Income Available to Common Stockhodes Dilution to Earnings Diluted Net Income Available to Common Stockholders Income Statement Supplemental Section Reported Normalized and Operating home Expense Supplemental Section Total Revenue as Reported, Supplemental Total Operating Profit Loss as Reported, Supplemental Reported Normalized home Reported Elective Tax Rate Reported Normalized Operating Profit Discontinued Operations Basic EPS Basic EPS fom Continuing Operations Basic EPS fom Discontinued Operations Diluted EPS Diluted EPS from Continuing Operations Diluted EPS from Discontinued Operations Basic Weighted Average Shares Outstanding Diluted Weighted Average Shares Outstanding Reported Normalized Diluted EPS Total Dividend Per Share Regular Dividend Per Share Calc Basic EPS Diluted EPS Basic WASO Diluted WASO Fiscal Year ends in Jun 30 USD 2017 2018 2019 2020 2021 32,523,000,000 32,564,000,000 32,916,000,000 35,700,000,000 39,010,000,000 65,058,000,000 66,832,000,000 67,684,000,000 70,950,000,000 76,118,000,000 65,058,000,000 66,832,000,000 67,684,000,000 70,950,000,000 76,118,000,000 -32,535,000,000 -34,288,000,000 -34,7 68,000,000 -35 250,000,000 -37,108,000,000 -32,535,000,000 -34,288,000,000 -34,768,000,000 -35250,000,000 -37,108,000,000 -18,588,000,000 -18,853,000,000 -19,0 84,000,000 -19,994,000,000 -21,024,000,000 -18,568,000,000 -18,853,000,000 -19,0 84,000,000 -19,994,000,000 -21,024,000,000 13,965,000,000 13,711,000,000 13,832,000,000 15,706,000,000 17,986,000,000 -898,000,000 -385,000,000 -7,763,000,000 128,000,000 371,000,000 -294,000,000 -259,000,000 289,000,000 310,000,000 457,000,000 -294,000,000 -259,000,000 289,000,000 310,000,000 457,000,000 -485,000,000 -506,000,000 509,000,000 465,000,000 502,000,000 171,000,000 247,000,000 220,000,000 155,000,000 45,000,000 0 -8,345,000,000 0 0 -8,345,000,000 0 0 0 -404,000,000 -128,000,000 871,000,000 438,000,000 86,000,000 13,257,000,000 13,328,000,000 6,069,000,000 15,834,000,000 17,615,000,000 -3,063,000,000 -3,485,000,000 -2,103,000,000 -2,731,000,000 -3.283,000,000 10,194,000,000 9,881,000,000 3,988,000,000 13,103,000,000 14,352,000,000 15,411,000,000 9,881,000,000 3,968,000,000 13,103,000,000 14,352,000,000 -76,000,000 46,000,000 15,328,000,000 9,750,000,000 3,897,000,000 13,027,000,000 14,308,000,000 -247,000,000 -285,000,000 263,000,000 263,000,000 271,000,000 -247,000,000 -285,000,000 263,000,000 263,000,000 271,000,000 15,079,000,000 9,485,000,000 3,634,000,000 12,784,000,000 14,035,000,000 247,000,000 285,000,000 263,000,000 271,000,000 15,326,000,000 9,750,000,000 3,634,000,000 13,027.000.000 14,308,000,000 65,058,000,000 86,832,000,000 67.884,000,000 70,950,000,000 78,118,000,000 13,955,000,000 13,711,000,000 5,487,000,000 15,708,000,000 17,986,000,000 10,732,000,000 11,204,000,000 11,877,000,000 13,442,000,000 14,733,000,000 0.231 028 0.347 0.172' 0.185 14,354,000,000 14,450,000,000 14236,000,000 16,1 43,000,000 17,986,000,000 5,217,000,000 0 5.80 3.75 1.45 5.13 5.69 3.75 1.45 5.13 5.69 2.01 0.00 5.59 3.87 1.43 4.90 5.50 3.89 3.67 1.43 5.50 1.90 0.00 2,598,100,000 2,529,300,000 2,503,800,000 2,487,100,000 2,465,800,000 2,740,400.000 2,656,700,000 2,539,500,000 2.625.800.000 2.601,000,000 3.92 422 4.52 5.12 5.66 2.70' 2.79 3.03 3.24 2.70 2.79 2.90 3.03 3.24 5.80 3.75 1.45 5.13 5.69 5.59 3.87' 1.43 4.981 5.50 2,598,100,000 2,529,300,000 2,503,800,000 2,487,100,000 2,465,800,000 2,740,400,000 2,658,700,000 2,539,500,000 2,625,800,000 2,601,000,000 4.98 2.90'
