Cipla Ltd/India (CIPLA IN) - Standardized

In Millions of INR e FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016
12 Months Ending 03/31/2009 3/31/201003/31/2011 3/31/2012 3/31/2013 3/31/2014 3/31/2015 3/31/2016
Total Assets
Cash, CaC&CE_AND 1,324.1 3,074.7 3,067.7 10,173.9 22,443.0 4,713.2 9,409.9 14,418.3
Cash & BS_CASH 533.9 620.6 827.6 756.3 773.1 1,426.0 4,839.5 8,581.5
ST Inve BS_MKT_S 790.2 2,454.1 2,240.1 9,417.6 21,669.9 3,287.2 4,570.4 5,836.8
AccountsBS_ACCT 18,528.6 15,666.3 14,908.2 15,535.8 16,688.4 16,388.9 19,977.2 23,562.7
AccountBS_ACCT 18,528.6 15,666.3 14,908.2 15,535.8 16,688.4 16,388.9 19,977.2 23,562.7
Notes RNOTES_RE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Inventori BS_INVEN 13,983.2 15,125.8 19,061.6 18,500.8 23,870.7 28,952.6 37,806.2 38,080.5
Raw MatINVTRY_R 7,972.0 7,273.7 9,000.7 8,496.4 10,960.3 11,389.2 15,887.7 15,321.9
Work In INVTRY_I 1,564.3 1,614.5 4,135.7 4,167.7 5,695.6 6,536.3 8,993.6 8,407.8
Finish INVTRY_F 4,446.9 6,237.6 4,393.6 4,478.3 5,143.1 5,791.0 6,558.4 13,766.2
Other I BS_OTHER 0.0 0.0 1,531.6 1,358.4 2,071.7 5,236.1 6,366.5 584.6
Other STOTHER_C 9,183.4 12,260.4 7,393.8 6,357.6 4,837.7 6,465.0 8,719.6 12,350.8
Prepai BS_PREPA 5,499.5 7,769.1 — — — — — 2,309.6
Derivat BS_DERIV 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Assets BS_ASSET — — — — — — — 0.0
Taxes RBS_TAXES 263.1 302.6 — — — — — —
Misc STBS_OTHE 3,420.8 4,188.7 7,393.8 6,357.6 4,837.7 6,465.0 8,719.6 10,041.2
Total CurrBS_CUR_ 43,019.3 46,127.2 44,431.3 50,568.1 67,839.8 56,519.7 75,912.9 88,412.3
Property, BS_NET_F 23,588.1 26,954.1 33,795.2 35,866.6 39,774.1 43,495.8 46,754.4 53,458.6
Propert BS_GROSS30,596.1 35,796.8 45,258.9 49,975.2 56,849.6 65,252.6 73,932.4 58,264.7
AccumuBS_ACCU 7,008.0 8,842.7 11,463.7 14,108.6 17,075.5 21,756.8 27,178.0 4,806.1
LT Inves BS_LT_IN 10.3 10.0 1,214.5 1,215.6 1,318.6 1,798.4 1,808.4 498.9
LT Inve BS_LONG 10.3 10.0 1,214.5 1,215.6 1,318.6 1,798.4 1,808.4 498.9
Other LT BS_OTHE 0.0 0.0 6,525.5 5,847.5 7,655.5 32,218.5 32,699.6 68,912.0
Total In BS_DISCL 0.0 0.0 0.0 0.0 103.5 25,887.3 27,351.0 60,833.3
GoodwilBS_GOOD 0.0 0.0 0.0 0.0 0.0 24,930.9 25,682.3 27,055.7
Other I OTHER_IN 0.0 0.0 0.0 0.0 103.5 956.4 1,668.7 33,777.6
Prepai BS_PREPA — — 1,636.3 2,087.0 2,450.1 1,532.9 1,639.5 22.2
Deferre BS_DEFER — — — — 10.3 28.8 471.1 786.9
Derivat BS_DERIV 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
InvestmeBS_INVES — — 3,668.1 2,312.7 3,102.3 2,810.7 1,214.5 1,427.1
Misc LT OTHER_N 0.0 0.0 1,221.1 1,447.8 1,989.3 1,958.8 2,023.5 5,842.5
Total NoncBS_TOT_ 23,598.4 26,964.1 41,535.2 42,929.7 48,748.2 77,512.7 81,262.4 122,869.5
Total AsseBS_TOT_ 66,617.7 73,091.3 85,966.5 93,497.8 116,588.0 134,032.4 157,175.3 211,281.8
Product/Brand Se 66,617.7 73,091.3 85,966.5 93,497.8 116,588.0 134,032.4 157,175.3 —
Reconciliation 2,855.7 4,803.0 9,654.1 20,377.6 32,393.3 — — —
Pharmaceuticals 63,762.0 68,288.3 76,312.4 73,120.2 84,194.7 134,032.4 157,175.3 —
Geographic Segme 66,617.7 73,091.3 85,966.5 93,497.8 116,588.0 134,032.4 157,175.3 —
South Africa — — — — — 8,041.6 8,825.7 —
 Reconciliation 2,855.7 4,803.0 9,654.1 20,377.6 32,393.3 40,161.3 42,762.0 —
U.S.A. — — — 1,459.9 1,173.3 2,338.8 816.2 —
India 46,178.8 52,932.1 62,371.2 57,947.4 68,101.8 81,456.7 98,111.6 —
Rest of the World 17,583.2 15,356.2 13,941.2 13,712.9 14,919.6 2,034.0 6,659.8 —

Liabilities & Shareholders' Equity

PayablesACCT_PAY 9,758.6 10,574.9 9,529.9 9,174.3 10,684.3 12,473.2 17,708.2 23,052.6
Accoun BS_ACCT_ 7,574.3 8,056.2 7,208.8 6,917.7 8,283.6 9,795.3 14,520.6 14,758.2
AccruedBS_TAXES 264.2 266.7 260.5 260.5 272.9 272.9 702.3 135.7
Interes BS_INTER 1,682.1 1,693.4 1,733.7 1,741.8 1,767.7 1,764.9 1,746.0 119.1
Other P BS_ACCR 238.0 558.6 326.9 254.3 360.1 640.1 739.3 8,039.6
ST Debt BS_ST_B 9,326.1 8.3 5,539.7 259.2 9,665.2 9,300.4 13,940.5 49,883.2
ST Borr SHORT_TE 8,639.7 0.0 5,230.6 102.0 9,663.8 9,059.0 13,924.8 49,779.5
ST CapiST_CAPIT 0.0 0.0 0.0 0.0 0.0 45.7 0.0 0.0
Current BS_CURR_ 686.4 8.3 309.1 157.2 1.4 195.7 15.7 103.7
Other ST OTHER_CU
L 2,337.2 1,568.5 1,915.8 4,698.4 2,426.8 3,862.2 7,162.6 4,824.7
Deferr ST_DEFE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 70.7
Derivat BS_DERIV 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Misc STOTHER_CU 2,337.2 1,568.5 1,915.8 4,698.4 2,426.8 3,862.2 7,162.6 4,754.0
Total CurreBS_CUR_L21,421.9 12,151.7 16,985.4 14,131.9 22,776.3 25,635.8 38,811.3 77,760.5
LT Debt BS_LT_B 76.3 42.4 179.2 32.5 5.5 3,178.7 3,092.8 2,218.8
LT Borr LONG_TE 76.3 42.4 179.2 32.5 5.5 3,173.9 3,092.8 2,218.8
LT Capi LT_CAPIT 0.0 0.0 0.0 0.0 0.0 4.8 0.0 0.0
Other LT LOTHER_NO 1,641.5 1,791.5 2,140.6 2,944.1 3,619.4 4,218.6 5,451.5 12,639.4
AccruedBS_ACCRU 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Deferr BS_DEFER — — — — — — — 1,446.8
Deferr LT_DEFE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 817.3
DeferredBS_DEFER 1,641.5 1,791.5 2,131.2 2,332.4 2,815.7 3,118.5 3,317.4 9,757.3
Derivat BS_DERIV 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Misc LT OTHER_NO 0.0 0.0 9.4 611.7 803.7 1,100.1 2,134.1 618.0
Total NoncNON_CUR 1,717.8 1,833.9 2,319.8 2,976.6 3,624.9 7,397.3 8,544.3 14,858.2
Total LiabiBS_TOT_L 23,139.7 13,985.6 19,305.2 17,108.5 26,401.2 33,033.1 47,355.6 92,618.7
PreferredBS_PFD_E 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Share CaBS_SH_CA 9,204.4 15,895.4 15,895.4 15,895.4 15,895.4 15,895.4 16,034.3 16,099.6
CommonBS_COMM 1,554.6 1,605.8 1,605.8 1,605.8 1,605.8 1,605.8 1,728.4 1,606.8
AdditionBS_ADD_P 7,649.8 14,289.6 14,289.6 14,289.6 14,289.6 14,289.6 14,305.9 14,492.8
Treasury BS_AMT_ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained BS_PURE_ 9,483.9 16,955.5 23,217.7 31,543.8 43,513.6 54,119.0 63,576.2 69,538.4
Other EquOTHER_I 24,789.70 26,254.80 27,548.20 28,950.10 30,777.80 30,489.10 28,404.40 29,524.20
Equity BefEQTY_BEF43,478.0 59,105.7 66,661.3 76,389.3 90,186.8 100,503.5 108,014.9 115,162.2
Minority/ MINORITY 0.0 0.0 0.0 0.0 0.0 495.8 1,804.8 3,500.9
Total EquiTOTAL_EQ43,478.0 59,105.7 66,661.3 76,389.3 90,186.8 100,999.3 109,819.7 118,663.1
Total LiabiTOT_LIAB 66,617.7 73,091.3 85,966.5 93,497.8 116,588.0 134,032.4 157,175.3 211,281.8

Reference Items
AccountingACCOUNT IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP
Shares OutBS_SH_O 777.3 802.9 802.9 802.9 802.9 802.9 803.0 803.4
Number of BS_NUM_ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Pension Ob BS_PENS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Future MinBS_FUTUR 0.0 0.0 0.0 4.0 17.1 812.8 812.3 1,572.4
Capital LeaBS_TOTAL 0.0 0.0 0.0 0.0 0.0 50.5 0.0 0.0
Percent OfBS_PERC — — — 19.39 27.19 26.78 28.92 23.19
Number OfBS_NUM_ ### ### ### ### ### ### ### ###
Options GrBS_OPTI — — — 0.0 0.0 0.0 0.0 0.0
Options OuBS_OPTIO — — — 0.0 0.0 0.0 0.0 0.0
Net Debt NET_DEB 8,078.3 -3,024.0 2,651.2 -9,882.2 -12,772.3 7,765.9 7,623.4 37,683.7
Net Debt t NET_DEB 18.58 -5.12 3.98 -12.94 -14.16 7.69 6.94 31.76
Tangible CTCE_RATI 65.26 80.87 77.54 81.70 77.34 69.00 62.13 36.11
Current RaCUR_RATI 2.01 3.80 2.62 3.58 2.98 2.20 1.96 1.14
Cash Conve CASH_CO 220.68 214.21 221.18 236.27 237.76 231.98 247.82 230.18
Number ofNUM_OF_ — — — — — — — —
Source: Bloomberg
 FY 2017 FY 2018
3/31/2017 03/31/2018

14,616.0 20,589.8
6,242.1 9,567.7
8,373.9 11,022.1
25,630.5 31,024.5
25,630.5 31,024.5
0.0 0.0
34,852.8 40,447.0
13,428.7 16,656.9
6,006.9 7,681.8
14,943.2 15,707.7
474.0 400.6
12,947.0 16,079.7
1,404.0 2,681.2
282.2 0.0
690.6 0.0
— —
10,570.2 13,398.5
88,046.3 108,141.0
57,279.2 58,277.0
67,519.8 74,550.0
10,240.6 16,273.0
1,644.4 1,897.0
1,644.4 1,897.0
63,400.8 60,290.5
54,453.0 51,027.7
26,966.7 28,147.4
27,486.3 22,880.3
— —
1,681.3 1,876.5
— 792.3
124.0 96.2
7,142.5 6,497.8
122,324.4 120,464.5
210,370.7 228,605.5
— —
— —
— —
— —
— —
 — —
— —
— —
— —

15,951.5 21,222.0
15,711.4 21,191.2
240.1 30.8
— —
— —
4,672.3 4,358.7
4,672.3 4,358.7
0.0 0.0
— —
13,113.2 12,741.5
70.7 70.7
0.0 0.0
13,042.5 12,670.8
33,737.0 38,322.2
36,453.6 36,621.1
36,453.6 36,621.1
0.0 0.0
10,361.2 7,845.9
0.0 0.0
— —
— 0.0
7,568.9 5,033.1
0.0 0.0
2,792.3 2,812.8
46,814.8 44,467.0
80,551.8 82,789.2
0.0 0.0
16,661.4 17,031.7
1,609.0 1,610.2
15,052.4 15,421.5
0.0 0.0
77,741.1 89,987.8
31,034.10 35,272.40
125,436.6 142,291.9
4,382.3 3,524.4
129,818.9 145,816.3
210,370.7 228,605.5
IN GAAP IN GAAP
804.5 805.1
0.0 0.0
0.0 0.0
2,242.7 2,428.2
0.0 0.0
23.38 23.84
### 201,096.00
0.0 0.5
0.0 1.4
26,509.9 20,390.0
20.42 13.98
45.53 51.39
2.61 2.82
205.72 204.62
23,043.00 23,610.00
Cipla Ltd/India (CIPLA IN) - Adjusted
In Millions of INR e FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
12 Months Ending 03/31/2011 3/31/2012 3/31/2013 3/31/2014 3/31/2015 3/31/2016 3/31/2017 3/31/2018
Revenue SALES_R 61,113.9 68,477.0 80,868.2 98,258.0 108,824.1 132,989.9 140,449.1 146,873.2
Sales IS_SALES 61,113.9 68,477.0 80,868.2 98,258.0 108,824.1 132,989.9 140,449.1 146,873.2
Gross ProfGROSS_P — — — — — — — —
Other OpIS_OTHER 2,124.5 1,730.1 1,925.1 3,475.9 4,630.3 2,959.0 3,493.8 4,683.9
Operatin IS_OPERA 52,230.7 56,372.2 63,956.7 83,121.0 96,872.8 118,694.4 132,189.0 136,521.5
Selling IS_SELLI — — — — — 5,944.7 7,956.5 8,609.5
Resear IS_OPEX_ 2,406.2 2,854.4 3,285.7 4,726.4 6,375.6 7,926.0 9,114.3 9,169.4
Depreci IS_DEPRE 2,733.3 3,122.2 3,304.8 3,726.4 5,047.1 7,541.8 13,229.1 13,228.2
Prov Fo IS_PROVI — — — — — 631.1 521.7 332.1
Other IS_OTHER 47,091.2 50,395.6 57,366.2 74,668.2 85,450.1 96,650.8 101,367.4 105,182.3
OperatingIS_OPER_ 11,007.7 13,834.9 18,836.6 18,612.9 16,581.6 17,254.5 11,753.9 15,035.6
Non-OperIS_NONO -661.2 -1,006.2 -1,852.5 -1,117.7 522.5 640.3 1,180.4 -1,659.0
Interes IS_NET_I 101.9 154.3 231.6 386.0 614.6 1,064.2 752.0 796.0
Interes IS_INT_E 173.2 238.4 275.7 557.1 712.7 1,162.7 876.8 1,092.4
Interes IS_INT_IN 71.3 84.1 44.1 171.1 98.1 98.5 124.8 296.4
Other I IS_OTHER -89.6 -364.0 -916.4 -738.9 -220.9 — — —
Foreign IS_FOREI -128.1 -528.6 -834.9 -407.7 526.9 -54.9 1,026.5 0.0
Other IS_OTHER -545.4 -267.9 -332.8 -357.1 -398.1 -369.0 -598.1 -2,455.0
Pretax IncPRETAX_I 11,668.9 14,841.1 20,689.1 19,730.6 16,059.1 16,614.2 10,573.5 16,694.6
AbnormalIS_ABNOR 45.4 363.0 -266.9 930.2 -483.4 -656.1 -1,648.2 0.0
DisposaIS_GAIN_ 48.6 368.6 162.9 138.9 11.7 -99.3 225.3 —
Asset IS_IMPAI — — — 869.9 — — — —
Gain/LoIS_SALE_ — — -397.7 — — — — —
Sale of IS_GAIN_ -3.2 -5.6 -32.1 -78.6 -495.1 -556.8 -1,873.5 —
Pretax In PRETAX_I 11,623.5 14,478.1 20,956.0 18,800.4 16,542.5 17,270.3 12,221.7 16,694.6
Income TIS_INC_T 1,952.2 3,065.1 5,445.4 4,633.8 4,000.3 3,315.9 1,797.6 2,501.1
Current IS_CURRE 1,620.1 2,863.9 4,972.5 4,369.6 4,037.4 4,702.4 4,794.8 5,610.6
Deferr IS_DEFER 332.1 201.2 472.9 264.2 -37.1 -1,386.5 -2,997.2 -3,109.5
Tax All IS_TAX_V — — — — — — — —
(Income) IS_SH_PR -224.4 -29.4 62.1 123.2 253.0 120.2 69.9 27.8
Income (LIS_INC_B 9,895.7 11,442.4 15,448.5 14,043.4 12,289.2 13,834.2 10,354.2 14,165.7
Net Extr XO_GL_NE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Discont IS_DISCO 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
XO & A IS_EXTR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Income (Lo NI_INCLU 9,895.7 11,442.4 15,448.5 14,043.4 12,289.2 13,834.2 10,354.2 14,165.7
Minority I MIN_NONC 0.0 0.0 0.0 159.3 481.5 234.3 290.3 60.4
Net IncomNET_INC 9,895.7 11,442.4 15,448.5 13,884.1 11,807.7 13,599.9 10,063.9 14,105.3
PreferredIS_TOT_C 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Ad OTHER_A 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Net IncomEARN_FO 9,895.7 11,442.4 15,448.5 13,884.1 11,807.7 13,599.9 10,063.9 14,105.3
Net IncomEARN_FO 9,926.4 11,687.6 15,272.3 14,498.1 11,491.6 13,170.9 8,910.2 14,105.3
Net AbnoIS_NET_A 30.7 245.2 -176.2 614.0 -316.1 -429.0 -1,153.7 0.0
Net Extr XO_GL_NE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Basic WeigIS_AVG_ 802.9 802.9 802.9 802.9 802.9 803.1 804.0 804.8
Basic EPSIS_EPS 12.32 14.25 19.24 17.29 14.71 16.93 12.52 17.53
Basic EPSIS_EARN_ 12.32 14.25 19.24 17.29 14.71 16.93 12.52 17.53
Basic EPSIS_BASIC 12.36 14.56 19.02 18.06 14.31 16.40 11.08 17.53

Diluted WeIS_SH_FO 802.9 802.9 802.9 804.1 805.6 805.4 805.3 806.1
Diluted E IS_DILUT 12.32 14.25 19.24 17.27 14.66 16.89 12.50 17.50
Diluted E IS_DIL_E 12.32 14.25 19.24 17.27 14.66 16.89 12.50 17.50
Diluted E IS_DIL_E 12.36 14.56 19.02 18.03 14.27 16.36 11.07 17.50

Reference Items
AccountingACCOUNT IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP
EBITDA EBITDA 13,741.0 16,957.1 22,141.4 22,339.3 21,628.7 24,796.7 24,983.2 28,263.8
EBITDA Ma EBITDA_M 22.48 24.76 27.38 22.74 19.87 18.65 17.79 19.24
EBITA EBITA 11,007.8 13,834.9 18,836.6 18,634.2 16,692.9 19,717.3 15,084.0 18,447.0
EBIT EBIT 11,007.7 13,834.9 18,836.6 18,612.9 16,581.6 17,254.5 11,753.9 15,035.6
Gross Marg GROSS_M — — — — — — — —
Operating OPER_MA 18.01 20.20 23.29 18.94 15.24 12.97 8.37 10.24
Profit MargPROF_MA 16.24 17.07 18.89 14.76 10.56 9.90 6.34 9.60
Sales per ACTUAL_ — — — — — — ### ###
Dividends EQY_DPS 2.80 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Total Cas IS_TOT_ 2,248.1 1,605.8 1,605.8 1,605.8 1,605.9 1,606.8 1,609.0 1,610.2
Personnel IS_PERSO 5,655.9 7,725.2 10,362.6 15,429.6 19,736.7 24,340.1 26,338.2 26,901.0
Export SalIS_EXPOR — 37,280.0 — — — — — —
Depreciati IS_DEPR_ 2,733.2 3,122.2 3,304.8 3,705.1 4,935.8 5,079.4 9,899.2 9,816.8
Rental Ex BS_CURR 170.3 235.4 345.7 706.4 774.6 1,007.1 1,139.3 1,172.0
Source: Bloomberg
 2019 Est 2020 Est
3/31/2019 3/31/2020
160,984.9 180,066.3

102,919.3 116,990.9

21,741.4 26,827.4

20,725.6 25,862.1

20,725.6 25,862.1

15,318.3 19,207.9

15,318.3 19,207.9

15,318.3 19,207.9
14,808.0 18,792.8

18.74 23.43
18.74 23.43
18.32 23.33

18.74 23.43
18.74 23.43
18.32 23.33

29,518.6 35,717.2
18.34 19.84

21,741.4 26,827.4
63.93 64.97
13.51 14.90
9.20 10.44

2.70 3.09
Walmart Inc (WMT US) - Adjusted
In Millions of USD e FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12 Months Ending 01/31/2012 1/31/2013 1/31/2014 1/31/2015 1/31/2016 1/31/2017 1/31/2018 1/31/2019
Revenue SALES_R 446,509.0 468,651.0 476,294.0 485,651.0 482,130.0 485,873.0 500,343.0 514,405.0
Sales IS_SALES443,416.0 465,604.0 473,076.0 482,229.0 478,614.0 481,317.0 495,761.0 510,329.0
Other IS_OTHE 3,093.0 3,047.0 3,218.0 3,422.0 3,516.0 4,556.0 4,582.0 4,076.0
Cost of IS_COGS 334,993.0 352,297.0 358,069.0 365,086.0 360,984.0 361,256.0 373,396.0 385,301.0
Cost of IS_COG_A334,993.0 352,297.0 358,069.0 365,086.0 360,984.0 361,256.0 373,396.0 385,301.0
Gross ProfGROSS_P111,516.0 116,354.0 118,225.0 120,565.0 121,146.0 124,617.0 126,947.0 129,104.0
Other OpIS_OTHER 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Operatin IS_OPERA 84,841.0 88,629.0 90,342.8 93,168.5 97,194.8 102,140.3 104,054.7 101,406.1
Selling IS_SG&A_ 85,025.0 88,629.0 91,353.0 93,418.0 97,041.0 101,853.0 106,510.0 107,147.0
Resear IS_OPEX_ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 —
Other IS_OTHER -184.0 0.0 -1,010.2 -249.5 153.8 287.3 -2,455.3 -5,740.9
OperatingIS_OPER_ 26,675.0 27,725.0 27,882.2 27,396.5 23,951.2 22,476.7 22,892.3 27,697.9
Non-OperIS_NONO 2,278.0 2,063.0 2,216.0 2,348.0 2,467.0 2,267.0 2,178.0 6,955.5
Interes IS_NET_I 2,159.0 2,063.0 2,216.0 2,348.0 2,467.0 2,267.0 2,178.0 2,129.0
Interes IS_INT_E 2,320.0 2,249.0 2,335.0 2,461.0 2,548.0 2,367.0 2,330.0 2,346.0
Interes IS_INT_IN 161.0 186.0 119.0 113.0 81.0 100.0 152.0 217.0
Foreign IS_FOREI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 —
Other IS_OTHER 119.0 0.0 0.0 0.0 0.0 0.0 0.0 4,826.5
Pretax IncPRETAX_I 24,397.0 25,662.0 25,666.2 25,048.5 21,484.2 20,209.7 20,714.3 20,742.3
AbnormalIS_ABNOR 65.0 0.0 1,010.2 249.5 -153.8 -287.3 5,591.3 9,282.3
Merger IS_MERGE 36.0 — — — — — — —
AbnormaIS_DERIV -68.0 — — — — — — —
Early E IS_G_L_O — — — — — — 3,136.0 —
Asset IS_IMPAI — — — — — — 727.5 —
Gain/LoIS_SALE_ — — — — — -670.3 -227.3 5,740.9
Legal S IS_LEGAL — — — 249.5 — — -136.4 —
Restruc IS_RESTR — — 50.5 — — — 1,273.1 —
Sale of IS_GAIN_ -51.0 — — — — — — —
Unreali IS_UNREA — — — — — — — 3,541.5
Other IS_OTHER 148.0 — 959.6 — -153.8 383.0 818.4 —
Pretax In PRETAX_I 24,332.0 25,662.0 24,656.0 24,799.0 21,638.0 20,497.0 15,123.0 11,460.0
Income TIS_INC_T 7,924.0 7,958.0 8,105.0 7,985.0 6,558.0 6,204.0 4,600.0 4,281.0
Current IS_CURRE 6,722.0 7,976.0 8,619.0 8,504.0 7,584.0 5,459.0 4,780.0 —
Deferr IS_DEFER 1,202.0 -18.0 -514.0 -519.0 -1,026.0 745.0 -180.0 —
Income (LIS_INC_B 16,408.0 17,704.0 16,551.0 16,814.0 15,080.0 14,293.0 10,523.0 7,179.0
Net Extr XO_GL_NE 21.0 -52.0 -144.0 -285.0 0.0 0.0 0.0 0.0
Discont IS_DISCO 21.0 -52.0 -144.0 -285.0 0.0 0.0 0.0 0.0
XO & A IS_EXTR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Income (Lo NI_INCLU 16,387.0 17,756.0 16,695.0 17,099.0 15,080.0 14,293.0 10,523.0 7,179.0
Minority I MIN_NONC 688.0 757.0 673.0 736.0 386.0 650.0 661.0 509.0
Net IncomNET_INC 15,699.0 16,999.0 16,022.0 16,363.0 14,694.0 13,643.0 9,862.0 6,670.0
PreferredIS_TOT_C 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Ad OTHER_A 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Net IncomEARN_FO 15,699.0 16,999.0 16,022.0 16,363.0 14,694.0 13,643.0 9,862.0 6,670.0

Net IncomEARN_FO 15,936.0 16,947.0 16,534.6 16,240.2 14,143.6 13,456.3 13,293.4 14,474.3
Net AbnoIS_NET_A 216.0 0.0 656.6 162.2 -550.4 -186.7 3,431.4 7,804.3
Net Extr XO_GL_NE 21.0 -52.0 -144.0 -285.0 0.0 0.0 0.0 0.0

Basic WeigIS_AVG_ 3,460.0 3,374.0 3,269.0 3,230.0 3,207.0 3,101.0 2,995.0 2,929.0
Basic EPSIS_EPS 4.54 5.04 4.90 5.07 4.58 4.40 3.29 2.28
Basic EPSIS_EARN_ 4.55 5.03 4.87 4.98 4.58 4.40 3.29 2.28
Basic EPSIS_BASIC 4.61 5.03 5.06 5.03 4.41 4.34 4.44 4.94

Diluted WeIS_SH_FO 3,474.0 3,389.0 3,283.0 3,243.0 3,217.0 3,112.0 3,010.0 2,945.0
Diluted E IS_DILUT 4.52 5.02 4.88 5.05 4.57 4.38 3.28 2.26
Diluted E IS_DIL_E 4.53 5.01 4.85 4.96 4.57 4.38 3.28 2.26
Diluted E IS_DIL_E 4.59 5.01 5.05 5.01 4.40 4.32 4.42 4.91

Reference Items
AccountingACCOUNTUS GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP
EBITDA EBITDA 34,781.0 36,203.0 36,752.2 36,569.5 33,405.2 32,556.7 33,421.3 38,375.9
EBITDA Ma EBITDA_M 7.79 7.72 7.72 7.53 6.93 6.70 6.68 7.46
EBITA EBITA 26,681.0 27,803.0 27,952.2 27,469.5 23,951.2 22,476.7 23,421.3 —
EBIT EBIT 26,675.0 27,725.0 27,882.2 27,396.5 23,951.2 22,476.7 22,892.3 27,697.9
Gross Marg GROSS_M 24.98 24.83 24.82 24.83 25.13 25.65 25.37 25.10
Operating OPER_MA 5.97 5.92 5.85 5.64 4.97 4.63 4.58 5.38
Profit MargPROF_MA 3.57 3.62 3.47 3.34 2.93 2.77 2.66 2.81
Sales per ACTUAL_ ### ### ### ### ### ### ### —
Dividends EQY_DPS 1.46 1.59 1.88 1.92 1.96 2.00 2.04 2.08
Total Cas IS_TOT_ 5,051.6 5,361.0 6,100.0 6,185.0 6,294.0 6,216.0 6,124.0 6,092.3
Capitalize IS_CAP_I 60.0 148.0 78.0 59.0 39.0 36.0 17.0 —
Depreciati IS_DEPR_ 8,100.0 8,400.0 8,800.0 9,100.0 9,454.0 10,080.0 10,000.0 —
Rental Ex BS_CURR 2,400.0 2,600.0 2,800.0 2,800.0 2,500.0 2,600.0 2,900.0 —
Source: Bloomberg
 2020 Est 2021 Est
1/31/2020 1/31/2021
529,732.0 545,879.7

128,380.6 131,628.0

21,617.0 22,195.1

19,145.4 19,780.7

19,145.4 19,780.7

13,652.4 13,909.1
13,652.4 13,909.1

13,652.4 13,909.1

13,676.1 14,044.4

4.72 4.98
4.72 4.98
4.78 5.00

4.72 4.98
4.72 4.98
4.78 5.00

32,440.1 33,195.0
6.12 6.08

21,617.0 22,195.1
24.24 24.11
4.08 4.07
2.58 2.57

2.13 2.20
Walmart Inc (WMT US) - Standardized
In Millions of USD e FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 01/31/2010 01/31/2011 01/31/2012 01/31/2013
Total Assets
Cash, CaC&CE_AND 7,907.0 7,395.0 6,550.0 7,781.0
Cash & BS_CASH 7,907.0 7,395.0 6,550.0 7,781.0
ST Inve BS_MKT_S 0.0 0.0 0.0 0.0
AccountsBS_ACCT 4,144.0 5,089.0 5,937.0 6,768.0
AccountBS_ACCT 4,144.0 5,089.0 5,937.0 6,768.0
Notes RNOTES_RE 0.0 0.0 0.0 0.0
Inventori BS_INVEN 32,713.0 36,437.0 40,714.0 43,803.0
Other STOTHER_C 3,268.0 3,091.0 1,774.0 1,588.0
Derivat BS_DERIV 0.0 0.0 2.0 29.0
Deferre BS_DEFE 1,534.0 1,636.0 815.0 520.0
Discont BS_ASSET 140.0 131.0 — 37.0
Misc STBS_OTHE 1,594.0 1,324.0 957.0 1,002.0
Total CurrBS_CUR_ 48,032.0 52,012.0 54,975.0 59,940.0
Property, BS_NET_F 102,307.0 107,878.0 112,324.0 116,681.0
Propert BS_GROSS 143,517.0 154,489.0 160,938.0 171,724.0
AccumuBS_ACCU 41,210.0 46,611.0 48,614.0 55,043.0
LT Inves BS_LT_IN 0.0 0.0 0.0 0.0
Other LT BS_OTHE 20,068.0 20,892.0 26,107.0 26,484.0
Total In BS_DISCL 16,126.0 16,763.0 20,651.0 20,497.0
GoodwilBS_GOOD 16,126.0 16,763.0 20,651.0 20,497.0
Product/Brand Se 16,126.0 16,763.0 20,651.0 20,497.0
Wal-Mart Internati 15,606.0 16,211.0 19,899.0 19,741.0
Wal-Mart Stores 207.0 239.0 439.0 443.0
Sam’s Club 313.0 313.0 313.0 313.0
Geographic Segme 16,126.0 16,763.0 20,651.0 20,497.0
International 15,606.0 16,211.0 19,899.0 19,741.0
United States 520.0 552.0 752.0 756.0
Other I OTHER_IN 0.0 0.0 0.0 0.0
Deferre BS_DEFER 331.0 327.0 738.0 757.0
Derivat BS_DERIV 735.0 738.0 588.0 581.0
Misc LT OTHER_N 2,876.0 3,064.0 4,130.0 4,649.0
Total NoncBS_TOT_ 122,375.0 128,770.0 138,431.0 143,165.0
Total AsseBS_TOT_ 170,407.0 180,782.0 193,406.0 203,105.0
Product/Brand Se 170,407.0 180,782.0 193,406.0 203,105.0
Wal-Mart Stores 84,238.0 89,725.0 93,143.0 96,234.0
Wal-Mart Internati 66,515.0 72,021.0 81,289.0 85,695.0
Sam’s Club 12,050.0 12,531.0 12,824.0 13,479.0
Corporate & Over 7,604.0 6,505.0 6,150.0 7,697.0
Geographic Segme 170,407.0 180,782.0 193,406.0 203,105.0
 United States 96,288.0 102,256.0 105,967.0 109,713.0
International 66,515.0 72,021.0 81,289.0 85,695.0
Other 7,604.0 6,505.0 6,150.0 7,697.0

Liabilities & Shareholders' Equity

PayablesACCT_PAY 50,532.0 52,534.0 55,952.0 59,095.0
Accoun BS_ACCT_ 30,451.0 33,676.0 36,608.0 38,080.0
AccruedBS_TAXES 1,347.0 157.0 1,164.0 2,211.0
Other P BS_ACCR 18,734.0 18,701.0 18,180.0 18,804.0
ST Debt BS_ST_B 4,919.0 6,022.0 6,348.0 12,719.0
ST Borr SHORT_TE 523.0 1,031.0 4,047.0 6,805.0
ST CapiST_CAPIT 346.0 336.0 326.0 327.0
Current BS_CURR_ 4,050.0 4,655.0 1,975.0 5,587.0
Other ST OTHER_CU
L 92.0 47.0 0.0 4.0
Deferr ST_DEFE 0.0 0.0 0.0 0.0
Derivat BS_DERIV 0.0 0.0 0.0 4.0
DeferredBS_DEFER — — — —
Discont BS_LIABS 92.0 47.0 — 0.0
Misc STOTHER_CU 0.0 0.0 0.0 0.0
Total CurreBS_CUR_L 55,543.0 58,603.0 62,300.0 71,818.0
LT Debt BS_LT_B 36,141.0 43,575.0 38,748.0 34,454.0
LT Borr LONG_TE 32,971.0 40,425.0 35,739.0 31,431.0
LT Capi LT_CAPIT 3,170.0 3,150.0 3,009.0 3,023.0
Other LT LOTHER_NO 6,075.0 7,357.0 16,597.0 15,095.0
AccruedBS_ACCRU 0.0 0.0 0.0 0.0
Deferr LT_DEFE 0.0 0.0 0.0 0.0
DeferredBS_DEFER 5,508.0 6,682.0 7,862.0 7,613.0
Derivat BS_DERIV 280.0 285.0 8,441.0 7,054.0
Misc LT OTHER_NO 287.0 390.0 294.0 428.0
Total NoncNON_CUR 42,216.0 50,932.0 55,345.0 49,549.0
Total LiabiBS_TOT_L 97,759.0 109,535.0 117,645.0 121,367.0
PreferredBS_PFD_E 0.0 0.0 0.0 0.0
Share CaBS_SH_CA 4,181.0 3,929.0 4,034.0 3,952.0
CommonBS_COMM 378.0 352.0 342.0 332.0
AdditionBS_ADD_P 3,803.0 3,577.0 3,692.0 3,620.0
Treasury BS_AMT_ 0.0 0.0 0.0 0.0
Retained BS_PURE_ 66,357.0 63,967.0 68,691.0 72,978.0
Other EquOTHER_I -70.00 646.00 -1,410.00 -587.00
Equity BefEQTY_BEF 70,468.0 68,542.0 71,315.0 76,343.0
Minority/ MINORITY 2,180.0 2,705.0 4,446.0 5,395.0
Total EquiTOTAL_EQ 72,648.0 71,247.0 75,761.0 81,738.0
Total LiabiTOT_LIAB 170,407.0 180,782.0 193,406.0 203,105.0

Reference Items
AccountingACCOUNT US GAAP US GAAP US GAAP US GAAP
Shares OutBS_SH_O 3,786.0 3,516.0 3,418.0 3,314.0
Number of BS_NUM_ 0.0 0.0 0.0 0.0
Pension Ob BS_PENS 0.0 0.0 0.0 0.0
Future MinBS_FUTUR 13,099.0 14,123.0 16,415.0 16,803.0
Capital LeaBS_TOTAL 3,516.0 3,486.0 3,335.0 3,350.0
Options GrBS_OPTI 1.8 1.9 2.0 2.1
Options OuBS_OPTIO 42.0 33.4 20.2 10.2
Net Debt NET_DEB 33,153.0 42,202.0 38,546.0 39,392.0
Net Debt t NET_DEB 45.64 59.23 50.88 48.19
Tangible CTCE_RATI 35.22 31.57 29.33 30.58
Current RaCUR_RATI 0.86 0.89 0.88 0.83
Cash Conve CASH_CO 8.14 7.34 8.73 10.40
Cash HeldBS_CASH — — 5,600.0 5,200.0
Number ofNUM_OF_ 2,100,000.00 2,100,000.00 2,200,000.00 2,200,000.00
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
01/31/2014 01/31/2015 01/31/2016 01/31/2017 01/31/2018

7,281.0 9,135.0 8,705.0 6,867.0 6,756.0

7,281.0 9,135.0 8,705.0 6,867.0 6,756.0
0.0 0.0 0.0 0.0 0.0
6,677.0 6,778.0 5,624.0 5,835.0 5,614.0
6,677.0 6,778.0 5,624.0 5,835.0 5,614.0
0.0 0.0 0.0 0.0 0.0
44,858.0 45,141.0 44,469.0 43,046.0 43,783.0
2,369.0 2,224.0 1,441.0 1,941.0 3,511.0
5.0 0.0 0.0 0.0 0.0
822.0 728.0 — — —
460.0 — — — —
1,082.0 1,496.0 1,441.0 1,941.0 3,511.0
61,185.0 63,278.0 60,239.0 57,689.0 59,664.0
117,907.0 116,655.0 116,516.0 114,178.0 114,818.0
178,678.0 182,634.0 188,054.0 191,129.0 197,857.0
60,771.0 65,979.0 71,538.0 76,951.0 83,039.0
0.0 0.0 0.0 0.0 0.0
25,659.0 23,557.0 22,826.0 26,958.0 30,040.0
19,510.0 18,102.0 16,695.0 17,037.0 18,242.0
19,510.0 18,102.0 16,695.0 17,037.0 18,242.0
19,510.0 18,102.0 16,695.0 17,037.0 18,242.0
18,746.0 17,328.0 15,921.0 14,488.0 15,484.0
451.0 461.0 461.0 2,236.0 2,445.0
313.0 313.0 313.0 313.0 313.0
19,510.0 18,102.0 16,695.0 17,037.0 18,242.0
18,746.0 17,328.0 15,921.0 14,488.0 15,484.0
764.0 774.0 774.0 2,549.0 2,758.0
0.0 0.0 0.0 0.0 0.0
1,151.0 1,033.0 1,504.0 1,565.0 1,879.0
716.0 512.0 621.0 479.0 508.0
4,282.0 3,910.0 4,006.0 7,877.0 9,411.0
143,566.0 140,212.0 139,342.0 141,136.0 144,858.0
204,751.0 203,490.0 199,581.0 198,825.0 204,522.0
204,751.0 203,490.0 199,581.0 198,825.0 204,522.0
98,745.0 101,381.0 103,109.0 104,262.0 104,347.0
85,370.0 80,505.0 73,720.0 74,508.0 81,549.0
14,053.0 13,995.0 13,998.0 14,125.0 13,418.0
6,583.0 7,609.0 8,754.0 5,930.0 5,208.0
204,751.0 203,490.0 199,581.0 198,825.0 204,522.0
112,798.0 115,376.0 103,109.0 104,262.0 117,765.0
85,370.0 80,505.0 73,720.0 74,508.0 81,549.0
6,583.0 7,609.0 22,752.0 20,055.0 5,208.0

57,173.0 58,526.0 58,615.0 63,008.0 68,859.0

37,415.0 38,410.0 38,487.0 41,433.0 46,092.0
966.0 1,021.0 521.0 921.0 645.0
18,792.0 19,095.0 19,607.0 20,654.0 22,122.0
12,082.0 5,904.0 6,004.0 3,920.0 9,662.0
7,670.0 1,592.0 2,708.0 1,099.0 5,257.0
309.0 287.0 551.0 565.0 667.0
4,103.0 4,025.0 2,745.0 2,256.0 3,738.0
90.0 823.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0
1.0 767.0 0.0 0.0 0.0
— 56.0 — — —
89.0 — — — —
0.0 0.0 0.0 0.0 0.0
69,345.0 65,253.0 64,619.0 66,928.0 78,521.0
38,491.0 39,645.0 40,386.0 38,809.0 32,784.0
35,703.0 37,039.0 34,570.0 32,806.0 26,004.0
2,788.0 2,606.0 5,816.0 6,003.0 6,780.0
15,576.0 12,655.0 10,965.0 12,553.0 12,395.0
0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0
8,017.0 4,671.0 3,357.0 4,333.0 3,831.0
6,069.0 4,460.0 4,382.0 3,839.0 4,227.0
1,490.0 3,524.0 3,226.0 4,381.0 4,337.0
54,067.0 52,300.0 51,351.0 51,362.0 45,179.0
123,412.0 117,553.0 115,970.0 118,290.0 123,700.0
0.0 0.0 0.0 0.0 0.0
2,685.0 2,785.0 2,122.0 2,676.0 2,943.0
323.0 323.0 317.0 305.0 295.0
2,362.0 2,462.0 1,805.0 2,371.0 2,648.0
0.0 0.0 0.0 0.0 0.0
76,566.0 85,777.0 90,021.0 89,354.0 85,107.0
-2,996.00 -7,168.00 -11,597.00 -14,232.00 -10,181.00
76,255.0 81,394.0 80,546.0 77,798.0 77,869.0
5,084.0 4,543.0 3,065.0 2,737.0 2,953.0
81,339.0 85,937.0 83,611.0 80,535.0 80,822.0
204,751.0 203,490.0 199,581.0 198,825.0 204,522.0

US GAAP US GAAP US GAAP US GAAP US GAAP

 3,233.0 3,228.0 3,162.0 3,048.0 2,952.0
0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0
17,170.0 17,910.0 21,505.0 18,139.0 15,366.0
3,097.0 2,893.0 6,367.0 6,568.0 7,447.0
1.8 — — — —
8.3 — — — —
43,292.0 36,414.0 37,685.0 35,862.0 35,690.0
53.22 42.37 45.07 44.53 44.16
30.63 34.14 34.91 33.42 32.01
0.88 0.97 0.93 0.86 0.76
11.98 12.17 11.05 8.00 3.92
5,800.0 6,300.0 4,500.0 5,635.0 6,500.0
2,200,000.00 2,200,000.00 2,300,000.00 2,300,000.00 2,300,000.00
 FY 2019
01/31/2019

7,722.0
7,722.0
0.0
6,283.0
6,283.0
0.0
44,269.0
3,623.0
—
—
—
3,623.0
61,897.0
111,395.0
198,570.0
87,175.0
0.0
46,003.0
31,181.0
31,181.0
—
—
—
—
—
—
—
0.0
—
—
14,822.0
157,398.0
219,295.0
—
—
—
—
—
—
 —
—
—

69,647.0
47,060.0
428.0
22,159.0
7,830.0
5,225.0
729.0
1,876.0
0.0
—
—
—
—
0.0
77,477.0
50,203.0
43,520.0
6,683.0
11,981.0
—
—
—
—
11,981.0
62,184.0
139,661.0
0.0
3,253.0
288.0
2,965.0
0.0
80,785.0
-11,542.00
72,496.0
7,138.0
79,634.0
219,295.0

US GAAP
 2,905.3
0.0
0.0
—
7,412.0
—
—
50,311.0
63.18
21.96
0.80
1.86
—
—
HCL Technologies Ltd (HCLT IN) - Adjusted
In Millions of INR except Per Share FY 2010
12 Months Ending 06/30/2010
Revenue SALES_REV_TURN 121,362.9
Sales & Services Revenue IS_SALES_AND_SERVICES_REV 121,362.9
Cost of Revenue IS_COGS_TO_FE_AND_PP_AND —
Cost of Goods & Services IS_COG_AND_SERVICES_SOLD —
Gross Profit GROSS_PROFIT —
Other Operating Income IS_OTHER_OPER_INC 0.0
Operating Expenses IS_OPERATING_EXPN 106,131.0
Selling & Marketing IS_SELLING_EXPENSES —
Research & Development IS_OPEX_R&D 550.1
Depreciation & Amortization IS_DEPRECIATION_AND_AMORTI 4,181.1
Prov For Doubtful Accts IS_PROVISION_DOUBTFUL_ACC —
Other Operating Expense IS_OTHER_OPERATING_EXPEN 101,399.8
Operating Income (Loss) IS_OPER_INC 15,231.9
Non-Operating (Income) Loss IS_NONOP_INCOME_LOSS 579.9
Interest Expense, Net IS_NET_INTEREST_EXPENSE 629.7
Interest Expense IS_INT_EXPENSE 1,617.7
Interest Income IS_INT_INC 988.0
Other Investment (Inc) Loss IS_OTHER_INVESTMENT_INCOM -276.5
Foreign Exch (Gain) Loss IS_FOREIGN_EXCH_LOSS -41.7
(Income) Loss from Affiliates INCOME_LOSS_FROM_AFFILIAT —
Other Non-Op (Income) Loss IS_OTHER_NON_OPERATING_IN 268.4
Pretax Income (Loss), Adjusted PRETAX_INC 14,652.0
Abnormal Losses (Gains) IS_ABNORMAL_ITEM -72.3
Disposal of Assets IS_GAIN_LOSS_DISPOSAL_ASS -23.8
Gain/Loss on Sale/Acquisition o IS_SALE_OF_BUSINESS —
Sale of Investments IS_GAIN_LOSS_ON_INVESTMEN -55.8
Unrealized Investments IS_UNREALIZED_INVESTMENTS 7.3
Pretax Income (Loss), GAAP PRETAX_INC 14,724.3
Income Tax Expense (Benefit) IS_INC_TAX_EXP 2,134.3
Current Income Tax IS_CURRENT_INCOME_TAX_BEN 2,702.2
Deferred Income Tax IS_DEFERRED_INCOME_TAX_BE -530.2
Tax Allowance/Credit IS_TAX_VALN_ALLOWNCE_CRED -37.7
(Income) Loss from Affiliates IS_SH_PRO_EQY_MT_INV_NET_ —
Income (Loss) from Cont Ops IS_INC_BEF_XO_ITEM 12,590.0
Net Extraordinary Losses (Gains) XO_GL_NET_OF_TAX 0.0
Discontinued Operations IS_DISCONTINUED_OPERATION 0.0
XO & Accounting Changes IS_EXTRAORD_ITEMS_&_ACCT 0.0
Income (Loss) Incl. MI NI_INCLUDING_MINORITY_INT_R 12,590.0
Minority Interest MIN_NONCONTROL_INTEREST_ -1.9
Net Income, GAAP NET_INCOME 12,591.9
 Preferred Dividends IS_TOT_CASH_PFD_DVD 0.0
Other Adjustments OTHER_ADJUSTMENTS 0.0
Net Income Avail to Common, G EARN_FOR_COMMON 12,591.9

Net Income Avail to Common, AdEARN_FOR_COMMON 12,544.2

Net Abnormal Losses (Gains) IS_NET_ABNORMAL_ITEMS -47.7
Net Extraordinary Losses (Gains) XO_GL_NET_OF_TAX 0.0

Basic Weighted Avg Shares IS_AVG_NUM_SH_FOR_EPS 1,347.5

Basic EPS, GAAP IS_EPS 9.35
Basic EPS from Cont Ops IS_EARN_BEF_XO_ITEMS_PER_ 9.35
Basic EPS from Cont Ops, AdjusIS_BASIC_EPS_CONT_OPS 9.31

Diluted Weighted Avg Shares IS_SH_FOR_DILUTED_EPS 1,378.2

Diluted EPS, GAAP IS_DILUTED_EPS 9.14
Diluted EPS from Cont Ops IS_DIL_EPS_BEF_XO 9.14
Diluted EPS from Cont Ops, AdjuIS_DIL_EPS_CONT_OPS 9.10

Reference Items
Accounting Standard ACCOUNTING_STANDARD IN GAAP
EBITDA EBITDA 19,413.0
EBITDA Margin (T12M) EBITDA_MARGIN 16.00
EBITA EBITA 16,173.4
EBIT EBIT 15,231.9
Gross Margin GROSS_MARGIN —
Operating Margin OPER_MARGIN 12.55
Profit Margin PROF_MARGIN 10.34
Sales per Employee ACTUAL_SALES_PER_EMPL 1,879,934.01
Dividends per Share EQY_DPS 2.00
Total Cash Common Dividends IS_TOT_CASH_COM_DVD 2,704.9
Capitalized Interest Expense IS_CAP_INT_EXP —
Personnel Expenses IS_PERSONNEL_EXP 62,537.0
Export Sales IS_EXPORT_SALES —
Depreciation Expense IS_DEPR_EXP 3,239.6
Rental Expense BS_CURR_RENTAL_EXPENSE 2,497.0
Source: Bloomberg
 FY 2011 FY 2012 FY 2013
06/30/2011 06/30/2012 06/30/2013
157,304.3 208,305.5 255,810.6
157,304.3 208,305.5 255,810.6
— — —
— — —
— — —
0.0 0.0 0.0
137,230.6 176,499.9 205,373.8
— — —
1,105.8 1,678.1 1,579.2
4,596.9 5,492.4 6,367.6
— — —
131,527.9 169,329.4 197,427.0
20,073.7 31,805.6 50,436.8
-1,211.1 -275.2 -2,021.7
53.2 -218.7 -1,325.5
1,412.2 1,165.9 807.7
1,359.0 1,384.6 2,133.2
-258.2 -346.5 -239.5
115.4 396.7 -445.0
— — —
-1,121.5 -106.7 -11.7
21,284.8 32,080.8 52,458.5
-66.3 -17.2 -240.4
-27.4 -17.2 -0.7
— — 131.9
-38.9 — -371.6
— — —
21,351.1 32,098.0 52,698.9
4,884.8 7,827.2 12,253.1
4,925.2 9,344.2 12,444.6
-40.4 -1,517.0 -191.5
— — —
0.0 43.1 2.1
16,466.3 24,227.7 40,443.7
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
16,466.3 24,227.7 40,443.7
1.2 0.7 42.8
16,465.1 24,227.0 40,400.9
 0.0 0.0 0.0
0.0 0.0 0.0
16,465.1 24,227.0 40,400.9

16,420.3 24,215.4 40,242.2

-44.8 -11.6 -158.7
0.0 0.0 0.0

1,367.0 1,382.0 1,389.6

12.05 17.53 29.08
12.05 17.53 29.08
12.01 17.52 28.96

1,394.6 1,407.2 1,412.6

11.81 17.22 28.60
11.81 17.22 28.60
11.77 17.21 28.49

IN GAAP IN GAAP IN GAAP

24,670.6 37,298.0 56,804.4
15.68 17.91 22.21
21,108.4 32,849.2 51,405.7
20,073.7 31,805.6 50,436.8
— — —
12.76 15.27 19.72
10.44 11.62 15.73
2,041,693.27 2,470,445.57 2,991,761.89
3.75 6.00 6.00
5,144.9 8,305.8 8,353.6
0.0 — —
85,896.0 111,045.5 125,741.7
— — —
3,562.2 4,448.8 5,398.7
2,389.7 3,120.2 3,280.0
 FY 2014 FY 2016 FY 2017
06/30/2014 03/31/2016 03/31/2017
329,211.7 408,081.9 475,675.3
329,211.7 408,081.9 475,675.3
202,171.8 268,472.5 —
202,171.8 268,472.5 —
127,039.9 139,609.4 —
0.0 0.0 0.0
47,694.5 57,736.4 380,111.1
— — 668.5
— — 1,246.5
7,333.8 5,674.2 8,281.3
— — 280.4
40,360.7 52,062.3 369,634.4
79,345.4 81,872.9 95,564.2
168.9 -10,072.1 -9,436.2
— — -7,278.1
— — 718.4
— — 7,996.5
— — -63.8
5,890.4 -739.5 -1,953.3
— — -21.0
-5,721.5 -9,332.6 -120.0
79,176.5 91,945.1 105,000.4
0.0 0.0 -427.1
— — 57.9
— — —
— — —
— — -485.0
79,176.5 91,945.1 105,427.5
15,484.6 18,756.8 19,362.8
— — 18,853.8
— — 509.0
— — —
— — —
63,691.9 73,188.2 86,064.7
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
63,691.9 73,188.2 86,064.7
3.1 0.0 1.4
63,688.9 73,188.2 86,063.3
 0.0 0.0 0.0
0.0 0.0 0.0
63,688.9 73,188.2 86,063.3

63,688.9 73,188.2 85,764.3

0.0 0.0 -299.0
0.0 0.0 0.0

1,397.2 1,407.3 1,426.5

45.45 52.00 60.33
45.45 52.00 60.33
45.45 52.00 60.12

1,413.6 1,410.4 1,428.0

45.15 51.89 60.27
45.15 51.89 60.27
45.15 51.89 60.06

US GAAP US GAAP IN GAAP

86,673.1 87,547.1 103,844.2
26.33 21.45 21.83
79,910.5 82,494.7 97,607.2
79,345.4 81,872.9 95,564.2
38.59 34.21 —
24.10 20.06 20.09
19.35 17.93 18.03
3,590,447.56 3,890,347.19 4,101,603.82
5.00 22.00 24.00
6,999.7 31,028.6 34,242.8
— — —
— — 228,661.8
— — —
6,762.6 5,052.4 6,237.0
— — 5,101.1
 FY 2018 FY 2019 Est FY 2020 Est
03/31/2018 03/31/2019 03/31/2020
505,690.0 603,702.2 682,843.1
505,690.0
—
—
— 210,390.2 219,629.7
0.0
407,060.0
—
1,410.0
13,830.0
800.0
391,020.0
98,630.0 119,255.5 132,606.4
-10,000.0
-4,110.0
530.0
4,640.0
-20.0
-5,810.0
-130.0
70.0
108,630.0 127,481.8 141,187.8
-1,610.0
-10.0
—
—
-1,600.0
110,240.0 127,481.8 141,187.8
23,020.0
23,860.0
-840.0
—
—
87,220.0 101,382.7 110,328.3
0.0
0.0
0.0
87,220.0
10.0
87,210.0 101,382.7 110,328.3
 0.0
0.0
87,210.0 101,382.7 110,328.3

86,083.0 101,303.5 110,161.9

-1,127.0
0.0

1,401.3
62.23 73.86 80.60
62.23 73.86 80.60
61.43 73.81 80.62

1,402.3
62.19 73.86 80.60
62.19 73.86 80.60
61.39 73.81 80.62

IN GAAP
112,460.0 140,582.5 159,816.6
22.24 23.29 23.40
104,940.0
98,630.0 119,255.5 132,606.4
— 34.85 32.16
19.50 19.75 19.42
17.02 16.78 16.13
4,211,240.75
12.00 14.37 28.53
16,707.0
—
247,290.0
—
7,520.0
5,660.0
HCL Technologies Ltd (HCLT IN) - Standardized
In Millions of INR except Per Share FY 2008 FY 2009
12 Months Ending 06/30/2008 06/30/2009
Total Assets
Cash, Cash EquivalentsC&CE_AND_STI_DETAI 11,588.9 18,990.1
Cash & Cash Equivale BS_CASH_NEAR_CASH 3,886.2 18,987.0
ST Investments BS_MKT_SEC_OTHER_S 7,702.7 3.1
Accounts & Notes ReceiBS_ACCT_NOTE_RCV 15,863.6 22,156.1
Accounts Receivable, BS_ACCTS_REC_EXCL 15,863.6 21,750.5
Notes Receivable, Net NOTES_RECEIVABLE — 405.6
Unbilled Revenues BS_UNBILLED_REVENU — 5,462.7
Inventories BS_INVENTORIES 706.9 1,695.6
Raw Materials INVTRY_RAW_MATERIA 0.0 0.0
Work In Process INVTRY_IN_PROGRESS 0.0 0.0
Finished Goods INVTRY_FINISHED_GO 0.0 1,695.6
Other Inventory BS_OTHER_INV 706.9 0.0
Other ST Assets OTHER_CURRENT_ASSE 9,315.9 10,315.7
Prepaid Expenses BS_PREPAY — 779.0
Derivative & Hedging BS_DERIV_&_HEDGING — 0.0
Taxes Receivable BS_TAXES_RECEIVABL — —
Misc ST Assets BS_OTHER_CUR_ASSE — 9,536.7
Total Current Assets BS_CUR_ASSET_REPO 37,475.3 58,620.2
Property, Plant & Equip,BS_NET_FIX_ASSET 12,377.2 15,273.5
Property, Plant & Equi BS_GROSS_FIX_ASSET 23,026.6 29,973.1
Accumulated DepreciatBS_ACCUM_DEPR 10,649.4 14,699.6
LT Investments & Recei BS_LT_INVEST 12,292.9 400.3
LT Investments BS_LONG_TERM_INVE — 400.3
LT Receivables BS_LT_RECEIVABLES — —
Other LT Assets BS_OTHER_ASSETS_D 5,894.6 43,340.7
Total Intangible Assets BS_DISCLOSED_INTAN 3,209.5 38,775.5
Goodwill BS_GOODWILL — 37,298.9
Other Intangible Asset OTHER_INTANGIBLE_A — 1,476.6
Prepaid Expense BS_PREPAID_EXPENSE — —
Deferred Tax Assets BS_DEFERRED_TAX_AS — 4,565.2
Derivative & Hedging BS_DERIV_&_HEDGING — 0.0
Investments in Affiliate BS_INVEST_IN_ASSOC 0.0 0.0
Misc LT Assets OTHER_NONCURRENT_ 2,685.1 0.0
Total Noncurrent AssetsBS_TOT_NON_CUR_AS 30,564.7 59,014.5
Total Assets BS_TOT_ASSET 68,040.0 117,634.7
Product/Brand Segments 68,040.0 117,634.7
Unallocated 24,273.9 25,236.7
BPO Services 3,753.1 5,985.7
Infrastructure Services 6,827.7 13,830.8
 Software Services 33,185.3 72,581.5
Geographic Segments — —
India — —
Others — —
Europe — —
USA — —

Liabilities & Shareholders' Equity

Payables & Accruals ACCT_PAYABLE_&_ACC 9,694.6 25,380.3
Accounts Payable BS_ACCT_PAYABLE 9,694.6 20,137.8
Accrued Taxes BS_TAXES_PAYABLE — 1,998.0
Interest & Dividends P BS_INTEREST_&_DIVID — 707.9
Other Payables & AccrBS_ACCRUAL — 2,536.6
ST Debt BS_ST_BORROW 209.4 29,373.2
ST Borrowings SHORT_TERM_DEBT_DE — 28,914.1
ST Capital Leases ST_CAPITAL_LEASE_OB — 151.8
Current Portion of LT BS_CURR_PORTION_LT — 307.3
Other ST Liabilities OTHER_CURRENT_LIAB 15,919.2 12,634.5
Deferred Revenue ST_DEFERRED_REVEN — 4,450.4
Derivatives & Hedging BS_DERIVATIVE_&_HED — 0.0
Misc ST Liabilities OTHER_CURRENT_LIAB 15,919.2 8,184.1
Total Current Liabilities BS_CUR_LIAB 25,823.2 67,388.0
LT Debt BS_LT_BORROW 340.7 789.0
LT Borrowings LONG_TERM_BORROWI — 549.8
LT Capital Leases LT_CAPITAL_LEASE_OB — 239.2
Other LT Liabilities OTHER_NONCUR_LIABS 0.0 0.0
Accrued Liabilities BS_ACCRUED_LIABILIT — 0.0
Deferred Revenue LT_DEFERRED_REVEN — 0.0
Deferred Tax LiabilitiesBS_DEFERRED_TAX_LIA — —
Derivatives & Hedging BS_DERIVATIVE_&_HED — 0.0
Misc LT Liabilities OTHER_NONCURRENT_L 0.0 0.0
Total Noncurrent Liabili NON_CUR_LIAB 340.7 789.0
Total Liabilities BS_TOT_LIAB2 26,163.9 68,177.0
Product/Brand Segments 26,229.8 68,177.0
Unallocated 9,982.6 -29.7
Unallocated — 8,942.3
BPO Services 1,049.1 2,406.9
Infrastructure Services 3,172.9 5,559.3
Software Services 12,025.2 51,298.2
Preferred Equity and Hyb BS_PFD_EQTY_&_HYBR 0.0 0.0
Share Capital & APIC BS_SH_CAP_AND_APIC 13,432.1 14,076.0
Common Stock BS_COMMON_STOCK — 1,345.2
Additional Paid in CapitBS_ADD_PAID_IN_CAP — 12,730.8
Treasury Stock BS_AMT_OF_TSY_STO 0.0 0.0
Retained Earnings BS_PURE_RETAINED_E 23,669.9 29,925.5
 Other Equity OTHER_INS_RES_TO_ 4,708.20 5,426.50
Equity Before Minority IEQTY_BEF_MINORITY_I 41,810.2 49,428.0
Minority/Non ControllingMINORITY_NONCONTRO 65.9 29.7
Total Equity TOTAL_EQUITY 41,876.1 49,457.7
Total Liabilities & Equit TOT_LIAB_AND_EQY 68,040.0 117,634.7

Reference Items
Accounting Standard ACCOUNTING_STANDA IN GAAP IN GAAP
Shares Outstanding BS_SH_OUT 1,332.7 1,340.5
Number of Treasury SharBS_NUM_OF_TSY_SH 0.0 0.0
Pension Obligations BS_PENSION_RSRV — —
Future Minimum OperatinBS_FUTURE_MIN_OPER 9,774.0 10,349.1
Capital Leases - Total BS_TOTAL_CAPITAL_L — 391.0
Percent Of Foreign OwneBS_PERCENT_OF_FOR 20.63 19.83
Number Of Shareholders BS_NUM_OF_SHAREHO 80,396.00 89,393.00
Options Granted During PBS_OPTIONS_GRANTE — —
Options Outstanding at PBS_OPTIONS_OUTSTAN 20.5 16.8
Net Debt NET_DEBT -11,038.8 11,172.1
Net Debt to Equity NET_DEBT_TO_SHRHL -26.36 22.59
Tangible Common Equity TCE_RATIO 59.54 13.51
Current Ratio CUR_RATIO 1.45 0.87
Cash Conversion Cycle CASH_CONVERSION_C 2.09 —
Number of Employees NUM_OF_EMPLOYEES 50,741.00 54,216.00
Source: Bloomberg
 FY 2010 FY 2011 FY 2012 FY 2013
06/30/2010 06/30/2011 06/30/2012 06/30/2013

23,620.7 22,549.3 24,938.9 42,042.8

15,803.7 5,237.0 6,766.7 7,207.0
7,817.0 17,312.3 18,172.2 34,835.8
25,847.9 26,488.8 40,155.6 47,095.5
25,210.6 26,112.8 38,756.6 44,971.5
637.3 376.0 1,399.0 2,124.0
5,328.0 8,134.5 15,070.3 17,049.6
651.7 1,663.5 2,261.6 2,315.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
576.2 1,430.4 2,142.7 2,299.5
75.5 233.1 118.9 15.5
11,834.7 7,730.2 8,526.8 17,832.3
1,980.7 2,364.0 3,151.3 3,174.3
0.0 0.0 0.0 0.0
— — 1,235.3 1,512.6
9,854.0 5,366.2 4,140.2 13,145.4
67,283.0 66,566.3 90,953.2 126,335.2
17,725.4 20,654.6 24,965.0 26,863.8
35,170.5 40,843.9 49,279.2 54,172.5
17,445.1 20,189.3 24,314.2 27,308.7
500.0 1,704.6 3,833.4 5,294.3
500.0 949.3 946.4 500.0
— 755.3 2,887.0 4,794.3
40,518.8 50,080.9 63,626.3 65,499.9
36,762.1 37,361.7 45,350.7 45,600.0
35,204.9 35,759.6 43,913.6 44,333.2
1,557.2 1,602.1 1,437.1 1,266.8
— 487.8 677.3 860.8
3,756.7 3,632.6 6,615.7 7,418.8
0.0 0.0 0.0 0.0
— 0.0 323.6 358.7
0.0 8,598.8 10,659.0 11,261.6
58,744.2 72,440.1 92,424.7 97,658.0
126,027.2 139,006.4 183,377.9 223,993.2
— 139,006.4 183,377.9 —
— 33,502.1 46,157.7 —
— 5,139.2 5,102.3 —
— 20,092.5 32,400.9 —
 — 80,272.6 99,717.0 —
— 139,006.4 183,377.9 —
— 60,662.6 75,180.0 —
— 8,836.2 11,876.0 —
— 26,418.8 36,768.9 —
— 43,088.8 59,553.0 —

23,983.1 17,747.5 28,927.4 35,407.8

17,888.2 2,770.4 4,694.4 4,013.8
2,394.8 6,334.6 10,498.3 11,011.5
776.9 1,460.7 2,840.5 4,208.1
2,923.2 7,181.8 10,894.2 16,174.4
5,715.9 6,033.2 11,082.2 2,569.1
3,528.2 656.8 3,896.3 476.2
242.6 247.3 653.5 901.3
1,945.1 5,129.1 6,532.4 1,191.6
11,876.6 16,857.5 25,522.4 36,745.4
8,162.7 4,839.5 6,872.6 6,354.0
0.0 0.0 0.0 0.0
3,713.9 12,018.0 18,649.8 30,391.4
41,575.6 40,638.2 65,532.0 74,722.3
21,526.5 16,557.8 10,772.0 7,967.3
21,158.8 16,172.1 8,853.1 5,383.9
367.7 385.7 1,918.9 2,583.4
0.0 5,243.4 8,684.6 9,216.9
0.0 0.0 0.0 0.0
0.0 2,856.6 — 0.0
— — — —
0.0 0.0 0.0 0.0
0.0 2,386.8 8,684.6 9,216.9
21,526.5 21,801.2 19,456.6 17,184.2
63,102.1 62,439.4 84,988.6 91,906.5
— 62,439.4 84,988.6 —
— — — —
— 5,933.4 15,826.1 —
— 1,895.1 2,053.8 —
— 11,901.2 20,363.3 —
— 42,709.7 46,745.4 —
0.0 0.0 0.0 0.0
15,767.6 17,929.7 19,111.9 20,082.1
1,377.7 1,387.4 1,414.3 1,443.8
14,389.9 16,542.3 17,697.6 18,638.3
0.0 0.0 0.0 0.0
35,351.4 41,679.4 53,902.8 83,051.9
11,769.30 16,920.80 25,363.90 28,505.90
62,888.3 76,529.9 98,378.6 131,639.9
36.8 37.1 10.7 446.8
62,925.1 76,567.0 98,389.3 132,086.7
126,027.2 139,006.4 183,377.9 223,993.2

IN GAAP IN GAAP IN GAAP IN GAAP

1,357.6 1,377.4 1,386.6 1,393.7
0.0 0.0 0.0 0.0
— — 2,051.9 1,998.1
10,105.5 10,270.3 14,123.3 15,464.2
610.3 633.0 2,572.4 3,484.7
22.93 23.01 21.67 26.01
79,298.00 83,093.00 87,216.00 82,424.00
0.5 6.4 1.0 0.0
11.9 12.3 10.3 6.3
3,621.7 41.7 -3,084.7 -31,506.4
5.76 0.05 -3.14 -23.85
29.27 38.53 38.42 48.23
1.62 1.64 1.39 1.69
— -463.22 — —
64,557.00 77,046.00 84,319.00 85,505.00
 FY 2014 FY 2016 FY 2017 FY 2018
06/30/2014 03/31/2016 03/31/2017 03/31/2018

99,764.8 118,324.3 101,860.0 63,700.0

10,183.6 7,282.8 90,400.0 40,130.0
89,581.1 111,041.5 11,460.0 23,570.0
56,706.5 77,081.4 83,010.0 96,390.0
56,706.5 77,081.4 83,010.0 96,390.0
0.0 0.0 0.0 0.0
20,193.1 29,964.7 — —
— 0.0 2,760.0 1,720.0
— — 0.0 0.0
— — 0.0 0.0
— — 2,760.0 1,720.0
— — 0.0 0.0
21,195.9 24,051.2 77,000.0 83,770.0
— — 12,800.0 13,200.0
0.0 — 0.0 0.0
— — — —
21,195.9 24,051.2 64,200.0 70,570.0
197,860.3 249,421.6 264,630.0 245,580.0
31,391.5 43,154.5 44,460.0 48,800.0
— — 82,130.0 90,940.0
— — 37,670.0 42,140.0
0.0 0.0 340.0 3,030.0
0.0 — 340.0 3,030.0
— — — —
74,930.2 104,413.5 148,190.0 182,820.0
51,368.5 64,083.5 112,370.0 141,930.0
0.0 0.0 65,040.0 67,990.0
51,368.5 64,083.5 47,330.0 73,940.0
— — 5,000.0 5,750.0
— — 16,520.0 18,370.0
0.0 — 0.0 0.0
156.1 1,607.4 1,260.0 0.0
23,405.5 38,722.6 13,040.0 16,770.0
106,321.7 147,568.0 192,990.0 234,650.0
304,182.0 396,989.6 457,620.0 480,230.0
— — — —
— — — —
— — — —
— — — —
 — — — —
— — — —
— — — —
— — — —
— — — —
— — — —

— — 23,240.0 24,990.0
— — 8,010.0 9,180.0
— — 0.0 0.0
— — 40.0 50.0
— — 15,190.0 15,760.0
0.0 0.0 550.0 420.0
0.0 0.0 550.0 420.0
0.0 0.0 — —
— — — —
81,769.3 94,921.4 89,560.0 75,660.0
0.0 — 0.0 0.0
0.0 — 0.0 0.0
81,769.3 94,921.4 89,560.0 75,660.0
81,769.3 94,921.4 113,350.0 101,070.0
7,493.6 9,717.0 3,830.0 4,550.0
7,493.6 9,717.0 3,830.0 4,550.0
0.0 0.0 — —
14,578.9 12,607.7 9,220.0 10,750.0
0.0 — — —
0.0 0.0 0.0 0.0
— — 0.0 340.0
0.0 0.0 0.0 0.0
14,578.9 12,607.7 9,220.0 10,410.0
22,072.5 22,324.7 13,050.0 15,300.0
103,841.8 117,246.1 126,400.0 116,370.0
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
0.0 0.0 0.0 0.0
— — 35,290.0 2,830.0
— — 2,850.0 2,780.0
— — 32,440.0 50.0
0.0 0.0 0.0 0.0
— — 252,400.0 316,340.0
200,340.14 279,743.55 41,800.00 44,690.00
200,340.1 279,743.5 329,490.0 363,860.0
— 0.0 1,730.0 0.0
200,340.1 279,743.5 331,220.0 363,860.0
304,182.0 396,989.6 457,620.0 480,230.0

US GAAP US GAAP IN GAAP IN GAAP

1,400.0 1,410.4 1,426.8 1,392.2
0.0 0.0 0.0 0.0
0.0 0.0 6,960.0 7,000.0
0.0 0.0 16,030.0 19,260.0
0.0 0.0 470.0 1,200.0
— — 25.06 26.99
— — 174,681.00 174,681.00
— — 0.0 0.0
— — 0.2 0.1
-92,271.2 -108,607.3 -97,480.0 -58,730.0
-46.06 -38.82 -29.43 -16.14
— — 62.89 65.60
2.42 2.63 2.33 2.43
— — — -143.41
91,691.00 104,896.00 115,973.00 120,081.00