0000789019 2018-12-31 AAAAAAAAAA 2018-12-31 0000789019 2016-01-01 2016-12-31 0000789019 2018-01-01 2018-12-31 0000789019 2017-01-01 2017-12-31 0000789019 2021-01-01 2021-12-31 0000789019 2019-01-01 2019-12-31 0000789019 2020-01-01 2020-12-31 0000789019 2023-01-01 2023-12-31 0000789019 2022-01-01 2022-12-31 0000789019 2016-12-31 0000789019 2017-12-31 0000789019 2019-12-31 0000789019 2020-12-31 0000789019 2021-12-31 0000789019 2022-12-31 0000789019 2023-12-31 iso4217:USD shares shares iso4217:USD pure
Component: (Network and Hypercube)
Network 01-Heading
(http://luca.auditchain.finance/report/role/Heading)
Hypercube Heading [Hypercube]
Concept [Aspect] Units Period [Aspect]
0000789019 | http://www.sec.gov/CIK AAAAAAAAAA | http://xbrlsite.com/id
2018-12-31 2018-12-31
Heading [Set]
Valuation Date Date
2018-09-01
Share Price on Valuation Date iso4217:USD/shares
112.33
Diluted Shares Outstanding Shares
7794000000
Component: (Network and Hypercube)
Network 02-Selected Operating Data
(http://luca.auditchain.finance/report/role/SelectedOperatingData)
Hypercube Selected Operating Data [Hypercube]
Reporting Entity [Aspect] 0000789019 | http://www.sec.gov/CIK
Concept [Aspect] Units Period [Aspect]
2023-01-01 | 2023-12-31 2022-01-01 | 2022-12-31 2021-01-01 | 2021-12-31 2020-01-01 | 2020-12-31 2019-01-01 | 2019-12-31 2018-01-01 | 2018-12-31 2017-01-01 | 2017-12-31 2016-01-01 | 2016-12-31
Selected Operating Data [Set]
Total Revenues iso4217:USD
177735883600
161578076000
146889160000
133535600000
121396000000
110360000000
89950000000
85320000000
EBITDA iso4217:USD
71094353440
64631230400
58755664000
53414240000
48558400000
49468000000
34149000000
27616000000
EBIT iso4217:USD
53320765080
48473422800
44066748000
40060680000
36418800000
46735000000
31927000000
26373000000
Depreciation and Amortization iso4217:USD
14218870688
12926246080
11751132800
10682848000
9711680000
10261000000
8778000000
6622000000
Growth Rates, Selected Operating Data [Set]
Revenue Growth Rate (%) Pure
0.1
0.1
0.1
0.1
0.1
EBITDA Margin (%) Pure
0.4
0.4
0.4
0.4
0.4
EBIT Margin (%) Pure
0.3
0.3
0.3
0.3
0.3
Depreciation and Amortization as Percent of Revenue Pure
0.08
0.08
0.08
0.08
0.08
Component: (Network and Hypercube)
Network 03-Selected Balance Sheet and Other Data
(http://luca.auditchain.finance/report/role/SelectedBalanceSheetAndOtherData)
Hypercube Selected Balance Sheet and Other Data [Hypercube]
Reporting Entity [Aspect] 0000789019 | http://www.sec.gov/CIK
Concept [Aspect] Units Period [Aspect]
2023-01-01 | 2023-12-31 2022-01-01 | 2022-12-31 2021-01-01 | 2021-12-31 2020-01-01 | 2020-12-31 2019-01-01 | 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Selected Balance Sheet and Other Data [Set]
Cash iso4217:USD
11946000000
11946000000
11946000000
11946000000
11946000000
11946000000
7663000000
6510000000
Accounts Receivable iso4217:USD
46240759093
40921025746
36213297120
32333301000
29129100000
26481000000
19792000000
18277000000
Inventories iso4217:USD
3284212801
3127821716
2978877825
2837026500
2701930000
2662000000
2181000000
2251000000
Prepaid Expenses iso4217:USD
13578672373
11807541194
10267427125
8928197500
7763650000
6751000000
4897000000
5892000000
Accounts Payable iso4217:USD
13877764670
12616149700
11469227000
10426570000
9478700000
8617000000
7390000000
6898000000
Accrued Expenses iso4217:USD
9828942530
8935402300
8123093000
7384630000
6713300000
6103000000
5819000000
5264000000
Debt iso4217:USD
76898000000
76898000000
76898000000
76898000000
76898000000
76898000000
77837000000
40949000000
Property, Plant, and Equipment, Gross iso4217:USD
94509558330
85917780300
78107073000
71006430000
64551300000
58683000000
47913000000
38156000000
Growth Rates [Set]
Accounts Receivable Growth (%) Pure
0.13
0.13
0.12
0.11
0.1
Inventories Growth (%) Pure
0.05
0.05
0.05
0.05
0.015
Prepaid Expenses Growth (%) Pure
0.15
0.15
0.15
0.15
0.15
Accounts Payable Growth (%) Pure
0.1
0.1
0.1
0.1
0.1
Accrued Expenses Growth (%) Pure
0.1
0.1
0.1
0.1
0.1
Capital Expenditures Growth (%) Pure
0.1
0.1
0.1
0.1
0.1
Component: (Network and Hypercube)
Network 04-Free Cash Flow Buildup
(http://luca.auditchain.finance/report/role/FreeCashFlowBuildup)
Hypercube Free Cash Flow Buildup [Hypercube]
Reporting Entity [Aspect] 0000789019 | http://www.sec.gov/CIK
Concept [Aspect] Units Period [Aspect]
2023-01-01 | 2023-12-31 2022-01-01 | 2022-12-31 2021-01-01 | 2021-12-31 2020-01-01 | 2020-12-31 2019-01-01 | 2019-12-31 2018-01-01 | 2018-12-31 2017-01-01 | 2017-12-31 2016-01-01 | 2016-12-31
Free Cash Flow Buildup [Set]
Total Revenues iso4217:USD
$177735883600
$161578076000
$146889160000
$133535600000
$121396000000
$110360000000
$89950000000
$85320000000
EBITDA iso4217:USD
71094353440
64631230400
58755664000
53414240000
48558400000
49468000000
34149000000
27616000000
EBIT iso4217:USD
53320765080
48473422800
44066748000
40060680000
36418800000
46735000000
31927000000
26373000000
Tax Rate Pure
0.22
0.22
0.22
0.22
0.22
0.22
EBIAT iso4217:USD
41590196762
37809269784
34372063440
31247330400
28406664000
Unlevered Free Cash Flows [Roll Up]
EBIAT iso4217:USD
41590196762
37809269784
34372063440
31247330400
28406664000
Depreciation and Amortization iso4217:USD
14218870688
12926246080
11751132800
10682848000
9711680000
10261000000
8778000000
6622000000
Accounts Receivable Increase (Decrease) iso4217:USD
-5319733347
-4707728626
-3879996120
-3204201000
-2648100000
Inventories Increase (Decrease) iso4217:USD
-156391085
-148943891
-141851325
-135096500
-39930000
Prepaid Expenses Increase (Decrease) iso4217:USD
-1771131179
-1540114069
-1339229625
-1164547500
-1012650000
Accounts Payable Increase (Decrease) iso4217:USD
1261614970
1146922700
1042657000
947870000
861700000
Accrued Expenses Increase (Decrease) iso4217:USD
893540230
812309300
738463000
671330000
610300000
Capital Expenditures iso4217:USD
-8591778030
-7810707300
-7100643000
-6455130000
-5868300000
Unlevered Free Cash Flows iso4217:USD
$42125189009
$38487253978
$35442596170
$32590403400
$30021364000
Present Value of Free Cash Flows [Set]
Unlevered Free Cash Flows iso4217:USD
$42125189009
$38487253978
$35442596170
$32590403400
$30021364000
Discount Rate (WACC) Pure
0.123
0.123
0.123
0.123
0.123
0.123
Present Value of Free Cash Flows iso4217:USD
23608666306
24218129591
25040516417
25852442011
26738456798
125458211123
Sum of Present Values of FCFs iso4217:USD
125458211123
Component: (Network and Hypercube)
Network 05-Terminal Value
(http://luca.auditchain.finance/report/role/TerminalValue)
Hypercube Terminal Value [Hypercube]
Reporting Entity [Aspect] 0000789019 | http://www.sec.gov/CIK
Concept [Aspect] Units Period [Aspect]
2023-01-01 | 2023-12-31 2022-01-01 | 2022-12-31 2021-01-01 | 2021-12-31 2020-01-01 | 2020-12-31 2019-01-01 | 2019-12-31 2018-01-01 | 2018-12-31
Terminal Value [Set]
Long Term Growth Rate Pure
0.01
WACC Pure
0.123
0.123
0.123
0.123
0.123
0.123
Free Cash Flow iso4217:USD
46337707909
Terminal Value iso4217:USD
2034275284202
Present Value of Terminal Value iso4217:USD
1140090465809
Component: (Network and Hypercube)
Network 06-Weighted Average Cost of Capital (WACC)
(http://luca.auditchain.finance/report/role/WACC)
Hypercube Weighted Average Cost of Capital [Hypercube]
Reporting Entity [Aspect] 0000789019 | http://www.sec.gov/CIK
Concept [Aspect] Units Period [Aspect]
2023-01-01 | 2023-12-31 2022-01-01 | 2022-12-31 2021-01-01 | 2021-12-31 2020-01-01 | 2020-12-31 2019-01-01 | 2019-12-31 2018-01-01 | 2018-12-31 2017-12-31 2016-12-31
Weighted Average Cost of Capital Components [Set]
Share Price iso4217:USD
$112.33
Diluted Shares Outstanding Shares
7794000000
Cost of Debt Pure
0.052
Tax Rate Pure
0.22
0.22
0.22
0.22
0.22
0.22
After-tax Cost of Debt Pure
0.041
Cost of Equity Pure
0.13
Total Capital [Roll Up]
Total Debt iso4217:USD
76898000000
76898000000
76898000000
76898000000
76898000000
76898000000
77837000000
40949000000
Total Equity iso4217:USD
875500020000
Total Capital iso4217:USD
$952398020000
Weightings [Set]
Debt Weighting Pure
0.081
Equity Weighting Pure
0.919
Resulting WACC [Set]
WACC Pure
0.123
0.123
0.123
0.123
0.123
0.123
Component: (Network and Hypercube)
Network 07-Enterprise Value to Equity Value
(http://luca.auditchain.finance/report/role/EnterpriseValueToEquityValue)
Hypercube Enterprise Value to Equity Value [Hypercube]
Concept [Aspect] Units Period [Aspect]
0000789019 | http://www.sec.gov/CIK AAAAAAAAAA | http://xbrlsite.com/id
2018-12-31 2018-12-31
Equity Value [Roll Up]
Enterprise Value iso4217:USD
$1265548676932
Less: Net Debt iso4217:USD
64952000000
Equity Value iso4217:USD
$1200596676932
Equity Value per Share [Set]
Equity Value iso4217:USD
$1200596676932
Diluted Shares Outstanding Shares
7794000000
Equity Value per Share iso4217:USD/shares
154.04
Component: (Network and Hypercube)
Network 08-Conclusion
(http://luca.auditchain.finance/report/role/Conclusion)
Hypercube Conclusion [Hypercube]
Reporting Entity [Aspect] AAAAAAAAAA | http://xbrlsite.com/id
Concept [Aspect] Period [Aspect]
2018-12-31
Valuation Gap [Roll Up]
Equity Value per Share
154.04
Share Price on Valuation Date
112.33
Valuation Gap per Share
41.71