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Les investissements opérationnels du Groupe Net cash provided by operating activities $ 14,284 $ 10,229 $ 25,336 $ 19,176 Less: Capital expenditures (5,472) (5,108) (10,654) (11,226) Free Cash Flow 8,812 5,121 14,682 7,950 At the end of March, Siemens had cash of 14.9 billion euros and adjusted industrial net debt of minus 1.39 billion euros. Its capital structure target is to have an adjusted industrial net debt Payout ratio = Total Dividends Paid / Net Income.

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Cash euro net payout

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