HRIBF
HORIBA, Ltd.
Price Chart
Latest Quote
$157.64
| Previous Close | $157.64 |
| Open | $166.67 |
| Day High | $166.67 |
| Day Low | $163.72 |
| Volume | 900 |
Stock Information
| Quarterly Dividend / Yield | $1.96 / 1.24% |
| Shares Outstanding | 42.01M |
| Quarterly Dividend Yield | 1.24% |
| Quarterly Dividend | $1.96 |
| Total Debt | $389.33M |
| Cash Equivalents | $945.50M |
| Revenue | $2.14B |
| Net Income | $232.68M |
| Sector | Technology |
| Industry | Scientific & Technical Instruments |
| Market Cap | $6.62B |
| P/E Ratio | 28.98 |
| EPS (TTM) | $5.44 |
| Exchange | PNK |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $-83.29B |
| Sales | $2.14B |
| Income | $232.68M |
| Book/sh | $51.25 |
| Cash/sh | $3640.01 |
| Employees | 9K |
Financial Ratios
| Quick Ratio | 2.00 |
| Current Ratio | 2.94 |
| Debt/Eq | 18.27 |
| EPS Growth TTM | 6.70% |
Returns & Margins
| ROA | 6.84% |
| ROE | 11.58% |
| Gross Margin | 43.28% |
| Operating Margin | 14.77% |
| Profit Margin | 10.88% |
Ownership
| Insider Ownership | 9.42% |
| Institutional Ownership | 49.27% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 0.02 |
| P/B | 3.08 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $157.64 |
| SMA50 | $146.43 |
| SMA200 | $-9.59 |
| RSI | nan |
| Shares Float | 32.52M |
| Volatility | 1.12 |
Performance History
| Week | +0.00% |
| Month | +0.00% |
| Quarter | +26.11% |
| 6 Months | -158.97% |
| YTD | +53.51% |
| Year | +219.24% |
| 3 Years | +2699.28% |
| 5 Years | -18760.83% |
| 10 Years | +10329537054.44% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $157.64 | 0 |
| 2026-06-23 | $157.64 | 0 |
| 2026-06-22 | $157.64 | 0 |
| 2026-06-18 | $157.64 | 0 |
| 2026-06-17 | $157.64 | 0 |
| 2026-06-16 | $157.64 | 0 |
| 2026-06-15 | $157.64 | 0 |
| 2026-06-12 | $157.64 | 0 |
| 2026-06-11 | $157.64 | 0 |
| 2026-06-10 | $157.64 | 0 |
| 2026-06-09 | $157.64 | 0 |
| 2026-06-08 | $157.64 | 0 |
| 2026-06-05 | $157.64 | 0 |
| 2026-06-04 | $157.64 | 0 |
| 2026-06-03 | $157.64 | 0 |
| 2026-06-02 | $157.64 | 0 |
| 2026-06-01 | $157.64 | 0 |
| 2026-05-29 | $157.64 | 0 |
| 2026-05-28 | $157.64 | 0 |
| 2026-05-27 | $157.64 | 0 |
| 2026-05-26 | $157.64 | 0 |
About HORIBA, Ltd.
HORIBA, Ltd., together with its subsidiaries, provides analytical and measurement solutions in Japan, Asia, the United States, and Europe. It operates in three segments: Energy and Environment; Bio and Healthcare; and Advanced Materials and Semiconductor. The company offers mobility products, including systems for emissions measurement, internal combustion engine testing, driveline and powertrain evaluation, brake testing, and wind tunnels; and energy and environment solutions for water and liquid, industrial process, and energy. It also provides life science products comprising fluorescence spectroscopy, raman imaging and spectrometers, and particle characterization; healthcare solutions, which include vitro diagnostic systems for biological analysis, clinical chemistry, veterinary, hematology, and hemostasis; material analysis, such as elemental analysis, molecular and structural analysis, and surface analysis and thin film characterization; and semiconductor products. In addition, the company offers technology solutions comprising health care, fluid control, mass spectrometry, spectroscopy, microscopy and imaging, electrochemistry, physisorption, particle and element analysis, and surface plasmon resonance; and services, including analysis centers, calibration and certification, customer support, spare parts and consumables, testing and consulting, and product and technology training. Its products are used in arts, entertainment, and recreation; biopharma and pharma, biotechnology and biomedical; cosmetics; education, research and development, and government institution; energy solutions; food and beverage; healthcare; industrials; information technology; materials; mobility and transportation; waste management; and water applications. HORIBA, Ltd. was founded in 1945 and is headquartered in Kyoto, Japan.
Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $180,514,000,000 | $163,174,000,000 | $153,459,000,000 | $131,091,000,000 |
| Cost Of Revenue | $180,514,000,000 | $163,174,000,000 | $153,459,000,000 | $131,091,000,000 |
| Total Revenue | $317,369,000,000 | $290,558,000,000 | $270,133,000,000 | $224,314,000,000 |
| Operating Revenue | $317,369,000,000 | $290,558,000,000 | $270,133,000,000 | $224,314,000,000 |
| Expenses | ||||
| Interest Expense | $924,000,000 | $722,000,000 | $657,000,000 | $516,000,000 |
| Total Expenses | $269,028,000,000 | $243,260,000,000 | $224,289,000,000 | $192,266,000,000 |
| Other Non Operating Income Expenses | $623,000,000 | $425,000,000 | $613,000,000 | $363,000,000 |
| Net Non Operating Interest Income Expense | $1,504,000,000 | $1,170,000,000 | $-72,000,000 | $-334,000,000 |
| Interest Expense Non Operating | $924,000,000 | $722,000,000 | $657,000,000 | $516,000,000 |
| Operating Expense | $88,514,000,000 | $80,086,000,000 | $70,830,000,000 | $61,175,000,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $33,591,000,000 | $40,302,000,000 | $34,072,000,000 | $21,311,000,000 |
| Net Interest Income | $1,504,000,000 | $1,170,000,000 | $-72,000,000 | $-334,000,000 |
| Interest Income | $2,428,000,000 | $1,892,000,000 | $585,000,000 | $182,000,000 |
| Normalized Income | $34,512,302,855 | $36,212,250,000 | $33,774,948,000 | $22,603,017,713 |
| Net Income From Continuing And Discontinued Operation | $33,591,000,000 | $40,302,000,000 | $34,072,000,000 | $21,311,000,000 |
| Total Operating Income As Reported | $48,340,000,000 | $47,296,000,000 | $45,843,000,000 | $32,046,000,000 |
| Net Income Common Stockholders | $33,591,000,000 | $40,302,000,000 | $34,072,000,000 | $21,311,000,000 |
| Net Income | $33,591,000,000 | $40,302,000,000 | $34,072,000,000 | $21,311,000,000 |
| Net Income Including Noncontrolling Interests | $33,598,000,000 | $40,302,000,000 | $34,072,000,000 | $21,312,000,000 |
| Net Income Continuous Operations | $33,599,000,000 | $40,303,000,000 | $34,073,000,000 | $21,313,000,000 |
| Pretax Income | $48,832,000,000 | $53,703,000,000 | $47,272,000,000 | $30,204,000,000 |
| Special Income Charges | $-1,339,000,000 | $5,474,000,000 | $387,000,000 | $-1,817,000,000 |
| Interest Income Non Operating | $2,428,000,000 | $1,892,000,000 | $585,000,000 | $182,000,000 |
| Operating Income | $48,340,000,000 | $47,297,000,000 | $45,844,000,000 | $32,047,000,000 |
| Gross Profit | $136,854,000,000 | $127,383,000,000 | $116,674,000,000 | $93,222,000,000 |
| Per Share | ||||
| Diluted EPS | $795.34 | $948.83 | $802.89 | $502.46 |
| Basic EPS | $799.44 | $953.71 | $807.06 | $505.05 |
| Other | ||||
| Tax Effect Of Unusual Items | $-417,697,145 | $1,363,250,000 | $114,948,000 | $-538,982,287 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $64,154,000,000 | $61,574,000,000 | $58,865,000,000 | $42,991,000,000 |
| Total Unusual Items | $-1,339,000,000 | $5,453,000,000 | $412,000,000 | $-1,831,000,000 |
| Total Unusual Items Excluding Goodwill | $-1,339,000,000 | $5,453,000,000 | $412,000,000 | $-1,831,000,000 |
| Reconciled Depreciation | $13,059,000,000 | $12,602,000,000 | $11,348,000,000 | $10,440,000,000 |
| EBITDA (Bullshit earnings) | $62,815,000,000 | $67,027,000,000 | $59,277,000,000 | $41,160,000,000 |
| EBIT | $49,756,000,000 | $54,425,000,000 | $47,929,000,000 | $30,720,000,000 |
| Diluted Average Shares | $42,234,768 | $42,475,470 | $42,436,697 | $42,413,326 |
| Basic Average Shares | $42,018,163 | $42,258,129 | $42,218,533 | $42,197,000 |
| Diluted NI Availto Com Stockholders | $33,591,000,000 | $40,302,000,000 | $34,072,000,000 | $21,311,000,000 |
| Otherunder Preferred Stock Dividend | $0 | $0 | $0 | $0 |
| Minority Interests | $-6,000,000 | $0 | $0 | $0 |
| Tax Provision | $15,233,000,000 | $13,400,000,000 | $13,199,000,000 | $8,891,000,000 |
| Other Special Charges | $34,000,000 | $-6,594,000,000 | $-387,000,000 | $179,000,000 |
| Write Off | $1,305,000,000 | $1,120,000,000 | $0 | $1,526,000,000 |
| Restructuring And Mergern Acquisition | - | - | $0 | $112,000,000 |
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $309,205,000,000 | $278,748,000,000 | $237,240,000,000 | $200,056,000,000 |
| Total Assets | $481,616,000,000 | $449,030,000,000 | $416,742,000,000 | $371,585,000,000 |
| Total Non Current Assets | $144,811,000,000 | $130,452,000,000 | $120,192,000,000 | $113,537,000,000 |
| Other Non Current Assets | $1,493,000,000 | $1,564,000,000 | $3,017,000,000 | $2,936,000,000 |
| Non Current Deferred Taxes Assets | $7,100,000,000 | $6,244,000,000 | $6,715,000,000 | $5,002,000,000 |
| Investmentin Financial Assets | $16,014,000,000 | $15,666,000,000 | $10,475,000,000 | $12,487,000,000 |
| Goodwill And Other Intangible Assets | $5,483,000,000 | $4,965,000,000 | $3,593,000,000 | $4,423,000,000 |
| Other Intangible Assets | $4,422,000,000 | $3,622,000,000 | $2,983,000,000 | $3,457,000,000 |
| Current Assets | $336,801,000,000 | $318,577,000,000 | $296,547,000,000 | $258,044,000,000 |
| Other Current Assets | $10,208,000,000 | $12,788,000,000 | $10,104,000,000 | $8,019,000,000 |
| Inventory | $97,677,000,000 | $99,473,000,000 | $75,271,000,000 | $53,113,000,000 |
| Accounts Receivable | $82,582,000,000 | $71,541,000,000 | $69,818,000,000 | $59,877,000,000 |
| Gross Accounts Receivable | $82,582,000,000 | $71,541,000,000 | $69,818,000,000 | $59,877,000,000 |
| Cash Cash Equivalents And Short Term Investments | $146,334,000,000 | $134,775,000,000 | $141,354,000,000 | $137,035,000,000 |
| Cash And Cash Equivalents | $144,272,000,000 | $132,775,000,000 | $139,855,000,000 | $135,023,000,000 |
| Debt | ||||
| Total Debt | $64,404,000,000 | $60,394,000,000 | $67,205,000,000 | $80,184,000,000 |
| Long Term Debt And Capital Lease Obligation | $55,391,000,000 | $54,699,000,000 | $54,854,000,000 | $55,077,000,000 |
| Long Term Debt | $55,391,000,000 | $54,699,000,000 | $54,854,000,000 | $55,077,000,000 |
| Current Debt And Capital Lease Obligation | $9,013,000,000 | $5,695,000,000 | $12,351,000,000 | $25,107,000,000 |
| Current Debt | $9,013,000,000 | $5,695,000,000 | $12,351,000,000 | $25,107,000,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $166,914,000,000 | $165,300,000,000 | $175,894,000,000 | $167,094,000,000 |
| Total Non Current Liabilities Net Minority Interest | $66,631,000,000 | $64,249,000,000 | $63,665,000,000 | $64,955,000,000 |
| Other Non Current Liabilities | $8,427,000,000 | $7,032,000,000 | $5,994,000,000 | $6,040,000,000 |
| Non Current Deferred Taxes Liabilities | $739,000,000 | $645,000,000 | $1,270,000,000 | $1,731,000,000 |
| Current Liabilities | $100,283,000,000 | $101,051,000,000 | $112,229,000,000 | $102,139,000,000 |
| Other Current Liabilities | $7,641,000,000 | $6,276,000,000 | $4,923,000,000 | $5,372,000,000 |
| Payables | $51,663,000,000 | $58,485,000,000 | $65,521,000,000 | $53,585,000,000 |
| Other Payable | $23,345,000,000 | $22,184,000,000 | $19,443,000,000 | $16,407,000,000 |
| Total Tax Payable | $7,997,000,000 | $5,783,000,000 | $9,133,000,000 | $7,632,000,000 |
| Accounts Payable | $20,321,000,000 | $30,518,000,000 | $36,945,000,000 | $29,546,000,000 |
| Equity | ||||
| Common Stock Equity | $314,688,000,000 | $283,713,000,000 | $240,833,000,000 | $204,479,000,000 |
| Total Equity Gross Minority Interest | $314,702,000,000 | $283,730,000,000 | $240,848,000,000 | $204,491,000,000 |
| Stockholders Equity | $314,688,000,000 | $283,713,000,000 | $240,833,000,000 | $204,479,000,000 |
| Other Equity Interest | $673,000,000 | $706,000,000 | $769,000,000 | $791,000,000 |
| Retained Earnings | $241,826,000,000 | $223,320,000,000 | $194,000,000,000 | $166,892,000,000 |
| Other | ||||
| Treasury Shares Number | $280,753 | $263,029 | $302,553 | $335,502 |
| Ordinary Shares Number | $41,952,499 | $42,269,723 | $42,230,199 | $42,197,250 |
| Share Issued | $42,233,252 | $42,532,752 | $42,532,752 | $42,532,752 |
| Tangible Book Value | $309,205,000,000 | $278,748,000,000 | $237,240,000,000 | $200,056,000,000 |
| Invested Capital | $379,092,000,000 | $344,107,000,000 | $308,038,000,000 | $284,663,000,000 |
| Working Capital | $236,518,000,000 | $217,526,000,000 | $184,318,000,000 | $155,905,000,000 |
| Total Capitalization | $370,079,000,000 | $338,412,000,000 | $295,687,000,000 | $259,556,000,000 |
| Minority Interest | $14,000,000 | $17,000,000 | $15,000,000 | $12,000,000 |
| Treasury Stock | $2,841,000,000 | $1,037,000,000 | $1,193,000,000 | $1,323,000,000 |
| Additional Paid In Capital | $18,624,000,000 | $18,766,000,000 | $18,684,000,000 | $18,624,000,000 |
| Capital Stock | $12,011,000,000 | $12,011,000,000 | $12,011,000,000 | $12,011,000,000 |
| Common Stock | $12,011,000,000 | $12,011,000,000 | $12,011,000,000 | $12,011,000,000 |
| Non Current Pension And Other Postretirement Benefit Plans | $2,074,000,000 | $1,873,000,000 | $1,547,000,000 | $2,107,000,000 |
| Pensionand Other Post Retirement Benefit Plans Current | $2,747,000,000 | $2,312,000,000 | $2,003,000,000 | $1,137,000,000 |
| Current Provisions | $3,832,000,000 | $3,570,000,000 | $2,799,000,000 | $2,630,000,000 |
| Defined Pension Benefit | $1,749,000,000 | $1,212,000,000 | $690,000,000 | $387,000,000 |
| Available For Sale Securities | $16,014,000,000 | $15,666,000,000 | $10,475,000,000 | $12,487,000,000 |
| Goodwill | $1,061,000,000 | $1,343,000,000 | $610,000,000 | $966,000,000 |
| Net PPE | $112,972,000,000 | $100,801,000,000 | $95,702,000,000 | $88,302,000,000 |
| Gross PPE | $112,971,000,000 | $100,800,000,000 | $95,701,000,000 | $88,300,000,000 |
| Construction In Progress | $12,315,000,000 | $2,530,000,000 | $6,379,000,000 | $9,231,000,000 |
| Other Properties | $4,912,000,000 | $4,853,000,000 | $4,337,000,000 | $4,441,000,000 |
| Machinery Furniture Equipment | $18,446,000,000 | $17,652,000,000 | $13,894,000,000 | $12,986,000,000 |
| Buildings And Improvements | $55,958,000,000 | $55,454,000,000 | $54,226,000,000 | $45,648,000,000 |
| Land And Improvements | $21,340,000,000 | $20,311,000,000 | $16,865,000,000 | $15,994,000,000 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $33,575,000,000 | $35,145,000,000 | $26,447,000,000 | $17,864,000,000 |
| Work In Process | $24,646,000,000 | $24,696,000,000 | $21,415,000,000 | $16,513,000,000 |
| Raw Materials | $39,456,000,000 | $39,632,000,000 | $27,409,000,000 | $18,736,000,000 |
| Other Short Term Investments | $2,062,000,000 | $2,000,000,000 | $1,499,000,000 | $2,012,000,000 |
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $20,888,000,000 | $7,481,000,000 | $21,883,000,000 | $22,696,000,000 |
| Operating Activities | ||||
| Operating Cash Flow | $40,335,000,000 | $16,652,000,000 | $33,966,000,000 | $35,268,000,000 |
| Investing Activities | ||||
| Capital Expenditure | $-19,447,000,000 | $-9,171,000,000 | $-12,083,000,000 | $-12,572,000,000 |
| Investing Cash Flow | $-17,562,000,000 | $-7,315,000,000 | $-10,745,000,000 | $-14,662,000,000 |
| Net Other Investing Changes | $71,000,000 | $1,262,000,000 | $-175,000,000 | $-410,000,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-5,017,000,000 | $0 | - | - |
| Issuance Of Capital Stock | $0 | $0 | - | - |
| Financing Cash Flow | $-15,933,000,000 | $-20,963,000,000 | $-22,447,000,000 | $-4,045,000,000 |
| Net Other Financing Charges | $-1,000,000 | $-2,000,000 | - | $-2,000,000 |
| Cash Dividends Paid | $-12,228,000,000 | $-10,973,000,000 | $-6,959,000,000 | $-4,637,000,000 |
| Common Stock Dividend Paid | $-12,228,000,000 | $-10,973,000,000 | $-6,959,000,000 | $-4,637,000,000 |
| Net Common Stock Issuance | $-5,017,000,000 | $0 | $0 | $-1,000,000 |
| Common Stock Issuance | $0 | $0 | - | - |
| Other | ||||
| Repayment Of Debt | $-430,000,000 | $-318,000,000 | $-15,958,000,000 | $-388,000,000 |
| Issuance Of Debt | $1,253,000,000 | $0 | $83,000,000 | $2,666,000,000 |
| End Cash Position | $143,963,000,000 | $130,550,000,000 | $138,760,000,000 | $133,938,000,000 |
| Beginning Cash Position | $130,550,000,000 | $138,760,000,000 | $133,938,000,000 | $114,156,000,000 |
| Effect Of Exchange Rate Changes | $6,573,000,000 | $3,415,000,000 | $4,049,000,000 | $3,221,000,000 |
| Changes In Cash | $6,840,000,000 | $-11,626,000,000 | $774,000,000 | $16,561,000,000 |
| Common Stock Payments | $-5,017,000,000 | $0 | - | - |
| Net Issuance Payments Of Debt | $3,188,000,000 | $-8,226,000,000 | $-14,006,000,000 | $1,847,000,000 |
| Net Short Term Debt Issuance | $2,365,000,000 | $-7,908,000,000 | $1,869,000,000 | $-431,000,000 |
| Net Long Term Debt Issuance | $823,000,000 | $-318,000,000 | $-15,875,000,000 | $2,278,000,000 |
| Long Term Debt Payments | $-430,000,000 | $-318,000,000 | $-15,958,000,000 | $-388,000,000 |
| Long Term Debt Issuance | $1,253,000,000 | $0 | $83,000,000 | $2,666,000,000 |
| Net Investment Purchase And Sale | $1,726,000,000 | $-1,517,000,000 | $642,000,000 | $-612,000,000 |
| Sale Of Investment | $4,117,000,000 | $4,130,000,000 | $5,813,000,000 | $3,153,000,000 |
| Purchase Of Investment | $-2,391,000,000 | $-5,647,000,000 | $-5,171,000,000 | $-3,765,000,000 |
| Net Business Purchase And Sale | $0 | $2,025,000,000 | $0 | $-1,144,000,000 |
| Sale Of Business | $0 | $4,446,000,000 | $0 | - |
| Purchase Of Business | $0 | $-2,421,000,000 | $0 | $-1,144,000,000 |
| Net Intangibles Purchase And Sale | $-1,295,000,000 | $-322,000,000 | $-444,000,000 | $-377,000,000 |
| Purchase Of Intangibles | $-1,295,000,000 | $-322,000,000 | $-444,000,000 | $-377,000,000 |
| Net PPE Purchase And Sale | $-18,060,000,000 | $-8,774,000,000 | $-10,842,000,000 | $-12,066,000,000 |
| Sale Of PPE | $92,000,000 | $75,000,000 | $797,000,000 | $129,000,000 |
| Purchase Of PPE | $-18,152,000,000 | $-8,849,000,000 | $-11,639,000,000 | $-12,195,000,000 |
| Taxes Refund Paid | $-11,755,000,000 | $-18,176,000,000 | $-13,240,000,000 | $-6,327,000,000 |
| Interest Received Cfo | $2,857,000,000 | $2,101,000,000 | $769,000,000 | $408,000,000 |
| Interest Paid Cfo | $-879,000,000 | $-721,000,000 | $-680,000,000 | $-481,000,000 |
| Change In Working Capital | $-12,801,000,000 | $-24,343,000,000 | $-19,786,000,000 | $583,000,000 |
| Change In Payable | $-12,095,000,000 | $-8,290,000,000 | $5,867,000,000 | $7,976,000,000 |
| Change In Inventory | $5,794,000,000 | $-20,091,000,000 | $-18,809,000,000 | $-1,161,000,000 |
| Change In Receivables | $-6,699,000,000 | $2,878,000,000 | $-6,159,000,000 | $-6,139,000,000 |
| Other Non Cash Items | $-341,000,000 | $-2,072,000,000 | $8,540,000,000 | $-1,199,000,000 |
| Depreciation And Amortization | $13,059,000,000 | $12,602,000,000 | $11,348,000,000 | $10,440,000,000 |
| Amortization Cash Flow | $406,000,000 | $505,000,000 | $437,000,000 | $377,000,000 |
| Depreciation | $12,653,000,000 | $12,097,000,000 | $10,911,000,000 | $10,063,000,000 |
| Gain Loss On Investment Securities | $34,000,000 | $42,000,000 | $-410,000,000 | $194,000,000 |
| Net Foreign Currency Exchange Gain Loss | $22,000,000 | $132,000,000 | $152,000,000 | $-80,000,000 |
| Gain Loss On Sale Of Business | $0 | $-6,615,000,000 | $0 | - |
| Net Income From Continuing Operations | $48,832,000,000 | $53,703,000,000 | $47,272,000,000 | $30,204,000,000 |
| Other Cash Adjustment Outside Changein Cash | - | $1,000,000 | $-1,000,000 | - |
| Gain Loss On Sale Of PPE | - | $-38,000,000 | $-518,000,000 | $-25,000,000 |