Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Baytex Energy Corp.

Ticker: BTE | Industry: Oil & Gas Exploration & Production | Sector: Energy
$3.32 +0.02 (0.61%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Stock Price 2.82 4.39 4.95 5.91 2.77 0.54 2.05 3.56 3.84 6.20 12.06 39.09 41.23 46.09 52.47 37.58 21.98 24.65 20.18 22.48 20.83 22.34 23.88 27.45 27.37 25.95 25.75 26.05 24.39 23.84
Market Capitalization 2,173.21M 3,563.00M 3,517.05M 3,294.70M 1,571.44M 300.53M 1,140.63M 1,160.90M 899.07M 1,309.89M 2,292.52M 5,669.03M 5,101.61M 5,526.02M 6,064.97M 4,191.80M 2,306.90M 2,232.49M 1,596.29M 1,636.91M 1,395.37M 1,371.16M 1,314.67M 1,438.38M 1,331.92M 1,097.90M 933.73M 837.93M 775.86M 278.75M
(-) Cash & Equivalents 6.56M 25.74M 26.45M -1.18M -6.30M -11.57M -10.04M 11.29M 1.49M 1.12M 1.43M 6.20M 5.32M 128.71M 3.47M 1.20M 3.67M 0.00M 0.00M 0.00M 0.00M 12.58M 59.71M 3.88M 20.76M 0.00M 0.00M 0.00M 0.00M 3.80M
(+) Total Debt 2,161.80M 2,374.73M 2,158.16M 1,116.04M 1,562.69M 1,867.96M 1,966.10M 1,894.16M 1,746.16M 1,813.01M 1,886.94M 1,767.32M 660.57M 623.88M 618.70M 458.72M 433.13M 400.06M 429.94M 364.04M 430.06M 299.08M 245.75M 333.08M 406.73M 189.26M 117.25M 161.23M 35.28M 6.43M
Enterprise Value 4,328.45M 5,912.00M 5,648.76M 4,411.92M 3,140.43M 2,180.06M 3,116.77M 3,043.77M 2,643.74M 3,121.78M 4,178.04M 7,430.16M 5,756.86M 6,021.20M 6,680.21M 4,649.32M 2,736.36M 2,632.55M 2,026.22M 2,000.95M 1,825.43M 1,657.66M 1,500.71M 1,767.57M 1,717.88M 1,287.16M 1,050.98M 999.15M 811.13M 281.37M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Revenue 3,830M 3,584M 4,209M 3,383M 2,889M 1,868M 975M 1,806M 1,429M 1,092M 780M 1,130M 1,530M 1,115M 1,025M 1,309M 1,015M 685M 1,160M 619M 557M 547M 420M 351M 366M 330M 286M 120M 102M 124M 16M 6M
Cost of Revenue 2,795M 2,283M 3,184M 2,513M 1,811M 1,265M 1,058M 1,562M 1,290M 1,078M 965M 1,304M 678M 488M 505M 671M 523M 323M 391M 266M 222M 111M 89M 86M 75M 83M 54M 26M 30M 33M 4M 2M
Gross Profit 1,035M 1,301M 1,025M 869M 1,078M 604M -83M 244M 139M 13M -185M -175M 851M 628M 520M 638M 492M 363M 769M 353M 335M 436M 331M 265M 291M 246M 232M 94M 72M 91M 12M 5M
Gross Profit Margin 27.0% 36.3% 24.4% 25.7% 37.3% 32.3% -8.5% 13.5% 9.7% 1.2% -23.7% -15.4% 55.7% 56.3% 50.7% 48.7% 48.5% 52.9% 66.3% 57.0% 60.2% 79.8% 78.8% 75.5% 79.4% 74.7% 81.2% 78.6% 70.6% 73.7% 76.4% 75.8%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 103M 97M 100M 107M 79M 52M 44M 61M 65M 63M 65M 75M 87M 78M 81M 73M 48M 41M 37M 32M 28M 44M 42M 10M 7M 5M 8M 5M 6M 3M 1M 1M
Operating Expenses 419M 97M 255M 869M 125M 80M 67M 87M 98M 80M 77M 90M 466M 371M 333M 386M 310M 256M 261M 221M 182M 211M 203M 126M 114M 373M 92M 43M 112M 48M 5M 2M
Operating Income (EBIT) 616M 1,204M 770M 0M 953M 524M -150M 157M 41M -66M -262M -264M 385M 257M 187M 252M 182M 107M 507M 132M 153M 225M 129M 139M 177M -126M 140M 51M -40M 43M 7M 2M
Operating Income Margin 16.1% 33.6% 18.3% 0.0% 33.0% 28.0% -15.3% 8.7% 2.9% -6.1% -33.6% -23.4% 25.2% 23.0% 18.3% 19.3% 18.0% 15.6% 43.7% 21.3% 27.4% 41.2% 30.6% 39.7% 48.4% -38.3% 48.9% 42.5% -39.3% 35.1% 43.3% 37.1%
Interest Income 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 41M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 142M 231M 206M 172M 64M 77M 89M 86M 108M 105M 104M 103M 83M 43M 0M 12M 28M 38M 33M 35M 34M 33M 19M 24M 25M 34M 14M 0M 10M 0M 0M 0M
Net Interest Income -142M -231M -206M -172M -64M -77M -89M -86M -108M -105M -104M -103M -83M -43M 41M -12M -28M -38M -33M -35M -34M -33M -19M -24M -25M -34M -14M 0M -10M 0M 0M 0M
Unusual Items -141M -1,419M -191M -345M 2M 1,247M -2,361M -149M -360M 102M -392M -1,110M -301M 4M 148M 30M 0M 0M -185M -2M 0M -111M -128M -82M -59M -62M -50M -26M -14M -23M 0M -1M
EBT Excluding Unusual Items 474M 973M 564M -172M 889M 447M -238M 70M -67M -171M -365M -368M 302M 214M 228M 239M 154M 68M 474M 96M 119M 192M 109M 116M 152M -160M 126M 51M -50M 43M 6M 2M
Pre-Tax Income 333M -446M 373M -517M 891M 1,695M -2,599M -79M -427M -69M -758M -1,478M 2M 218M 376M 270M 154M 68M 289M 94M 119M 82M -18M 34M 93M -222M 76M 25M -64M 20M 7M 1M
Pre-Tax Margin 8.7% -12.4% 8.9% -15.3% 30.8% 90.7% -266.5% -4.4% -29.9% -6.3% -97.1% -130.8% 0.1% 19.5% 36.7% 20.6% 15.2% 10.0% 24.9% 15.2% 21.4% 14.9% -4.3% 9.7% 25.4% -67.3% 26.5% 21.0% -62.7% 16.4% 42.0% 21.0%
Income Tax Expense 118M -95M 137M -283M 35M 81M -160M -66M -102M -156M -273M -344M 134M 53M 118M 52M -24M -19M 26M -43M -33M 2M -32M -4M 48M -93M 32M 11M -26M 9M 2M 1M
Net Income 215M -351M 237M -233M 856M 1,614M -2,439M -12M -325M 87M -485M -1,134M -133M 165M 259M 217M 178M 88M 260M 133M 147M 80M 14M 38M 45M -129M 44M 14M -38M 11M 4M 1M
Net Income Margin 5.6% -9.8% 5.6% -6.9% 29.6% 86.4% -250.0% -0.7% -22.8% 8.0% -62.2% -100.3% -8.7% 14.8% 25.2% 16.6% 17.5% 12.8% 22.4% 21.5% 26.4% 14.6% 3.3% 10.9% 12.3% -39.0% 15.3% 11.7% -37.5% 8.9% 27.4% 12.9%
Depreciation & Amortization 1,303M 1,440M 1,386M 1,048M 603M 477M 495M 745M 570M 491M 514M 662M 537M 329M 298M 248M 271M 237M 224M 190M 154M 169M 172M 117M 108M 369M 85M 38M 107M 45M 5M 2M
EBITDA 1,920M 2,644M 2,156M 1,048M 1,556M 1,001M 346M 902M 611M 424M 253M 398M 922M 586M 485M 500M 453M 344M 731M 321M 307M 394M 301M 257M 285M 243M 225M 89M 67M 88M 11M 4M
EBITDA Margin 50.1% 73.8% 51.2% 31.0% 53.9% 53.6% 35.5% 50.0% 42.7% 38.9% 32.4% 35.2% 60.2% 52.5% 47.3% 38.2% 44.7% 50.2% 63.0% 51.9% 55.1% 72.0% 71.6% 73.1% 77.9% 73.7% 78.5% 74.2% 65.1% 71.0% 72.6% 67.7%
NOPAT 397M 951M 488M 0M 915M 499M -118M 124M 32M -52M -207M -209M -32,294M 195M 129M 203M 210M 136M 462M 191M 195M 221M 102M 156M 86M -100M 81M 29M -32M 24M 4M 1M
NOPAT Margin 10.4% 26.5% 11.6% 0.0% 31.7% 26.7% -12.1% 6.9% 2.3% -4.8% -26.5% -18.5% -2,110.9% 17.5% 12.6% 15.5% 20.7% 19.9% 39.9% 30.9% 35.0% 40.4% 24.2% 44.3% 23.5% -30.3% 28.3% 23.8% -31.0% 19.0% 28.2% 22.8%
Owner's Earnings 211M -249M 308M -242M 934M 1,775M -2,226M 176M -254M 180M -196M -995M -386M -64M -13M 30M 187M 28M 214M 171M 167M 47M 2M -31M -29M 51M 128M -42M -106M -122M -49M -17M
Owner's Earnings Margin 5.5% -7.0% 7.3% -7.1% 32.3% 95.0% -228.2% 9.8% -17.8% 16.5% -25.1% -88.1% -25.2% -5.8% -1.2% 2.3% 18.4% 4.0% 18.4% 27.6% 30.0% 8.6% 0.4% -8.9% -7.9% 15.5% 44.9% -35.2% -103.7% -98.7% -311.5% -279.0%
EPS (Basic) 0.28 -0.41 0.29 -0.33 1.53 2.86 -4.35 -0.02 -0.93 0.37 -2.29 -5.72 -0.89 1.33 2.16 1.88 1.59 0.83 2.83 1.66 2.02 1.19 0.27 0.70 0.86 -2.60 0.96 0.40 -1.12 0.36 0.18 0.12
EPS (Diluted) 0.28 -0.43 0.30 -0.33 1.52 2.82 -4.35 -0.02 -0.93 0.37 -2.29 -5.72 -0.89 1.31 2.12 1.83 1.54 0.82 2.70 1.55 1.91 1.15 0.26 0.66 0.85 -2.56 0.96 0.39 -1.12 0.36 0.16 0.09
Shares (Basic) 778M 819M 805M 705M 558M 564M 561M 557M 350M 235M 212M 198M 149M 124M 120M 116M 111M 105M 92M 80M 73M 67M 51M 54M 52M 50M 46M 35M 34M 31M 24M 7M
Shares (Diluted) 780M 819M 800M 705M 564M 572M 561M 557M 352M 237M 212M 198M 149M 125M 122M 119M 116M 107M 96M 86M 77M 69M 53M 58M 53M 50M 46M 36M 34M 31M 27M 9M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Cash & Cash Equivalents 10.42M 7.16M 16.61M 55.82M 5.46M -7.77M -11.08M 5.57M 0.00M 0.00M 2.71M 0.25M 1.14M 18.37M 1.84M 7.85M 0.00M 10.18M 0.00M 0.00M 0.00M 0.00M 0.00M 53.73M 4.10M 0.00M 0.00M 0.00M 0.00M 0.00M 12.90M 0.00M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 79.58M 18.51M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 10.42M 7.16M 16.61M 55.82M 5.46M -7.77M -11.08M 5.57M 79.58M 18.51M 2.71M 0.25M 1.14M 18.37M 1.84M 7.85M 5.48M 10.18M 0.00M 0.00M 0.00M 0.00M 0.00M 53.73M 4.10M 0.00M 0.00M 0.00M 0.00M 0.00M 12.90M 0.00M
Net Receivables 324.29M 363.51M 387.27M 338.41M 200.91M 173.41M 107.48M 173.76M 111.56M 112.84M 112.17M 98.09M 203.52M 141.65M 170.97M 206.95M 151.79M 137.15M 87.55M 105.18M 64.72M 73.87M 41.15M 48.61M 52.67M 44.30M 38.40M 27.90M 22.80M 30.50M 6.50M 1.90M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 7.77M 11.08M 0.00M -79.58M -18.51M 0.00M 0.00M 0.26M 1.51M 1.36M 0.90M 1.80M 1.38M 0.33M 6.00M 9.61M 9.98M 7.30M 5.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets 40.80M 38.77M 45.75M 24.27M 31.31M 8.65M 5.06M 5.43M 79.58M 18.51M 2.22M 106.57M 220.15M 83.72M 20.17M 10.88M 13.92M 30.82M 85.68M 11.53M 3.45M 5.18M 0.00M 0.00M 0.00M 46.90M 0.00M 0.00M 46.10M 0.00M 0.00M 0.00M
Total Current Assets 375.50M 409.43M 449.63M 418.49M 237.68M 182.06M 112.53M 184.77M 191.15M 131.35M 117.10M 204.91M 425.07M 245.25M 194.34M 226.58M 173.00M 179.54M 173.56M 122.70M 77.77M 89.04M 48.45M 108.24M 56.77M 91.20M 38.40M 27.90M 68.90M 30.50M 19.40M 1.90M
Property, Plant & Equipment 7,034.59M 6,942.35M 7,075.62M 6,746.03M 4,802.47M 4,652.58M 3,288.51M 5,729.32M 6,186.05M 4,240.76M 4,476.99M 5,279.17M 5,560.22M 2,415.33M 2,305.98M 2,187.17M 1,683.65M 1,663.75M 1,601.02M 1,246.70M 959.63M 969.74M 1,009.93M 843.13M 932.32M 867.18M 791.01M 390.50M 344.10M 413.30M 79.80M 28.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 245.07M 37.76M 37.76M 37.76M 37.76M 37.76M 37.75M 37.76M 37.76M 37.76M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 39.26M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.42M 0.00M 0.00M 0.00M -58.62M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 141.10M 148.64M 178.21M 0.00M 57.24M 0.00M 7.06M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 10.13M 150.19M 0.42M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 50.20M 51.59M 56.29M 274.87M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.50M 0.00M -2,343.74M 58.80M 2.62M 2.54M 0.00M 0.00M 4.48M 9.04M 6.49M 7.76M 8.68M 22.37M 0.00M 0.00M 0.00M 0.00M 0.10M 0.10M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 7,225.89M 7,142.58M 7,310.12M 7,020.91M 4,859.72M 4,652.58M 3,295.56M 5,729.32M 6,186.05M 4,240.76M 4,476.99M 5,283.59M 5,805.79M 2,453.09M 0.00M 2,235.24M 1,874.22M 1,704.47M 1,638.77M 1,284.45M 1,001.86M 1,016.53M 1,055.68M 850.90M 941.00M 889.55M 791.01M 390.50M 344.10M 413.30M 79.90M 28.10M
Total Assets 7,601.39M 7,552.01M 7,759.75M 7,439.40M 5,097.39M 4,834.64M 3,408.10M 5,914.08M 6,377.20M 4,372.11M 4,594.09M 5,488.50M 6,230.86M 2,698.33M 194.34M 2,461.81M 2,047.21M 1,884.01M 1,812.33M 1,407.15M 1,079.63M 1,105.57M 1,104.14M 959.14M 997.76M 980.74M 829.41M 418.40M 413.00M 443.80M 99.30M 30.00M
Accounts Payable 554.06M 538.33M 512.47M 477.30M 227.33M 190.69M 155.96M 207.45M 258.11M 144.54M 112.97M 267.84M 398.26M 213.09M 181.56M 225.83M 183.31M 180.49M 89.74M 104.32M 71.52M 89.97M 72.98M 80.13M 92.56M 64.33M 80.77M 44.00M 26.80M 62.90M 41.20M 8.50M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 2.94M 4.29M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 272.82M 208.48M 241.75M 127.50M 123.59M 161.44M 0.00M 0.00M 2.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.10M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 11.08M 11.82M 11.58M 1.99M 2.57M 9.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 103.90M 25.36M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 59.60M 35.31M 34.46M 67.34M 57.68M 131.08M 22.50M 8.67M 0.00M 52.67M 38.04M 0.00M 71.65M 56.46M 10.83M 25.21M 20.02M -50.17M 25.28M 49.46M 14.58M 10.39M 19.49M 9.12M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -21.10M 0.00M
Total Current Liabilities 613.65M 573.64M 546.94M 544.63M 285.01M 335.79M 194.57M 227.70M 260.10M 199.79M 160.51M 267.84M 469.91M 269.55M 192.38M 251.04M 203.34M 507.05M 348.86M 395.52M 213.59M 223.95M 253.91M 89.25M 92.56M 66.33M 80.77M 44.00M 26.80M 62.90M 20.10M 8.60M
Long-Term Debt 1,982.07M 2,093.96M 2,257.24M 2,411.11M 930.63M 1,384.53M 1,788.88M 1,833.59M 2,103.94M 1,686.32M 1,754.07M 1,854.93M 2,062.34M 675.40M 557.59M 609.69M 453.77M 150.00M 227.47M 190.00M 228.60M 283.57M 216.58M 232.56M 326.98M 403.92M 213.88M 116.40M 157.10M 98.60M 0.00M 4.40M
Capital Lease Obligations 31.22M 31.42M 24.65M 29.45M 6.54M 7.77M 11.08M 13.88M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 111.80M 99.85M 88.56M 21.33M 265.86M 167.46M 93.59M 235.31M 310.84M 204.70M 375.70M 655.26M 905.53M 248.40M 189.16M 93.22M 167.30M 179.67M 192.41M 153.94M 118.86M 159.75M 164.91M 174.39M 184.40M 152.47M 138.45M 10.40M 1.90M 26.30M 0.60M 0.00M
Other Non-Current Liabilities 655.29M 650.99M 653.75M 629.32M 851.18M 895.23M 835.36M 891.70M 957.73M 573.69M 707.21M 951.26M 1,191.56M 470.03M 265.52M 275.20M 52.37M 54.59M 49.42M 45.23M 42.25M 37.57M 73.30M 23.48M 34.13M 39.24M 16.99M 17.30M 11.70M 10.20M 0.40M 0.00M
Total Non-Current Liabilities 2,780.38M 2,876.21M 3,024.20M 3,091.21M 2,054.20M 2,454.98M 2,728.90M 2,974.48M 3,372.51M 2,464.71M 2,836.98M 3,461.44M 4,159.44M 1,393.83M 1,012.27M 978.10M 673.45M 384.27M 469.30M 389.17M 389.70M 480.88M 454.79M 430.43M 545.51M 595.63M 369.32M 144.10M 170.70M 135.10M 1.00M 4.40M
Total Liabilities 3,394.04M 3,449.85M 3,571.14M 3,635.84M 2,339.21M 2,790.77M 2,923.47M 3,202.18M 3,632.61M 2,664.50M 2,997.49M 3,729.28M 4,629.35M 1,663.38M 1,204.65M 1,229.14M 876.79M 891.32M 818.16M 784.69M 603.29M 704.82M 708.70M 519.68M 638.07M 661.96M 450.09M 188.10M 197.50M 198.00M 21.10M 13.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 6,094.69M 6,094.69M 6,137.48M 6,527.29M 5,499.66M 5,736.59M 5,729.42M 5,718.84M 5,701.52M 4,443.58M 4,422.66M 4,296.83M 3,580.83M 2,004.20M 1,860.36M 0.00M 1,390.03M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Retained Earnings -3,220.40M -3,235.04M -3,421.58M -3,586.20M -3,315.32M -4,170.93M -5,784.53M -3,345.56M -3,333.10M -3,007.79M -3,094.97M -2,592.31M -1,304.69M -776.28M -614.10M -555.62M -366.53M -300.78M -224.31M -239.73M -192.31M -181.12M -140.75M -0.35M -38.49M -75.95M 52.56M 19.80M 5.70M 41.40M 5.50M 1.20M
Accumulated OCI 927.92M 837.40M 1,093.26M 690.92M 756.20M 632.10M 618.98M 556.22M 667.87M 463.10M 629.86M 705.38M 199.58M 1.48M -12.46M -3.55M -14.61M -3.90M 0.50M 0.80M 0.94M 14.03M 7.49M -6.79M -1,056.93M -950.10M -458.39M -347.70M -309.10M -202.30M -6.70M -2.30M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 21.24M 17.19M 12.81M 12.96M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 3,802.21M 3,697.04M 3,809.16M 3,632.01M 2,940.54M 2,197.77M 563.87M 2,929.50M 3,036.29M 1,898.89M 1,957.56M 2,409.90M 2,475.71M 1,229.40M 1,233.80M -559.17M 1,008.90M -304.68M -223.82M -238.93M -191.37M -167.09M -133.26M -7.14M -1,095.42M -1,026.05M -405.84M -327.90M -303.40M -160.90M -1.20M -1.10M
Total Equity 3,802.21M 3,697.04M 3,809.16M 3,632.01M 2,940.54M 2,197.77M 563.87M 2,929.50M 3,036.29M 1,898.89M 1,957.56M 2,409.90M 2,475.71M 1,229.40M 1,233.80M -559.17M 1,008.90M -304.68M -223.82M -217.70M -174.18M -154.28M -120.29M -7.14M -1,095.42M -1,026.05M -405.84M -327.90M -303.40M -160.90M -1.20M -1.10M
Total Liabilities & Equity 7,196.25M 7,146.89M 7,380.29M 7,267.85M 5,279.75M 4,988.54M 3,487.34M 6,131.68M 6,668.90M 4,563.38M 4,955.05M 6,139.18M 7,105.06M 2,892.79M 2,438.45M 669.97M 1,885.68M 586.64M 594.35M 567.00M 429.12M 550.55M 588.41M 512.54M -457.35M -364.09M 44.26M -139.80M -105.90M 37.10M 19.90M 11.90M
Tangible Assets 7,601.39M 7,552.01M 7,759.75M 7,439.40M 5,097.39M 4,834.64M 3,408.10M 5,914.08M 6,377.20M 4,372.11M 4,594.09M 5,488.50M 5,985.79M 2,660.58M 156.58M 2,424.06M 2,009.46M 1,846.25M 1,774.58M 1,369.39M 1,041.87M 1,067.81M 1,064.88M 959.14M 997.76M 980.74M 829.41M 418.40M 413.00M 443.80M 99.30M 30.00M
Tangible Equity 3,802.21M 3,697.04M 3,809.16M 3,632.01M 2,940.54M 2,197.77M 563.87M 2,929.50M 3,036.29M 1,898.89M 1,957.56M 2,409.90M 2,230.65M 1,191.65M 1,196.04M -596.92M 971.14M -342.43M -261.57M -255.45M -211.93M -192.03M -159.55M -7.14M -1,095.42M -1,026.05M -405.84M -327.90M -303.40M -160.90M -1.20M -1.10M
Tangible Book Value 3,802.21M 3,697.04M 3,809.16M 3,632.01M 2,940.54M 2,197.77M 563.87M 2,929.50M 3,036.29M 1,898.89M 1,957.56M 2,409.90M 2,230.65M 1,191.65M 1,196.04M -596.92M 971.14M -342.43M -261.57M -255.45M -211.93M -192.03M -159.55M -7.14M -1,095.42M -1,026.05M -405.84M -327.90M -303.40M -160.90M -1.20M -1.10M
Total Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 79.58M 18.51M 0.00M 4.42M 0.00M 0.00M 0.00M -58.62M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt 1,971.65M 2,086.80M 2,240.63M 2,355.30M 925.17M 1,395.23M 1,804.24M 1,828.02M 2,103.94M 1,686.32M 1,751.37M 1,854.68M 2,061.20M 657.03M 555.75M 601.84M 453.77M 412.65M 435.95M 431.75M 356.09M 407.15M 378.03M 178.83M 322.88M 405.92M 213.88M 116.40M 157.10M 98.60M -12.90M 4.50M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Working Capital -266.6M -194.8M -124.1M -118.0M -44.5M -156.7M -86.3M -48.7M -69.0M -65.9M -33.9M -62.9M -45.1M -24.3M -24.9M -50.4M -53.1M -306.8M -242.1M -272.8M -135.8M -134.9M -205.5M 19.0M -35.8M 24.9M -42.4M -16.1M 42.1M -32.4M -0.7M -6.7M
Total Capital 6,203.3M 6,210.2M 6,452.9M 6,265.6M 3,967.6M 3,598.8M 2,371.4M 4,794.7M 5,159.4M 3,601.2M 3,733.0M 4,269.4M 4,569.1M 1,957.9M 1,857.0M 1,816.4M 1,482.8M 1,434.8M 1,363.3M 1,033.0M 815.2M 795.1M 760.5M 672.0M 686.7M 724.7M 593.2M 346.7M 372.6M 344.4M 78.2M 21.5M
Capital Employed 6,959.3M 6,947.8M 7,186.0M 6,902.9M 4,815.2M 4,495.9M 3,209.2M 5,680.6M 6,117.1M 4,174.9M 4,443.1M 5,220.7M 5,760.7M 2,428.8M 2,318.9M 2,184.8M 1,821.1M 1,397.7M 1,396.6M 1,011.6M 866.0M 881.6M 850.2M 869.9M 905.2M 914.4M 748.6M 374.4M 386.2M 380.9M 79.2M 21.4M
Invested Capital 6,192.9M 6,203.1M 6,436.3M 6,209.8M 3,962.1M 3,606.6M 2,382.5M 4,789.1M 5,159.4M 3,601.2M 3,730.3M 4,269.2M 4,568.0M 1,939.5M 1,855.2M 1,808.6M 1,482.8M 1,424.6M 1,363.3M 1,033.0M 815.2M 795.1M 760.5M 618.3M 682.6M 724.7M 593.2M 346.7M 372.6M 344.4M 65.3M 21.5M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Net Income 214.63M -350.76M 236.60M -233.36M 855.61M 1,613.60M -2,438.96M -12.46M -325.31M 87.17M -485.18M -1,133.65M -132.81M 164.85M 258.63M 217.43M 177.63M 87.57M 259.89M 132.86M 147.07M 79.88M 13.76M 38.14M 45.14M -128.51M 43.79M 14.10M -38.40M 11.00M 4.30M 0.80M
Depreciation & Amortization 651.25M 1,588.98M 0.00M 2,017.82M 587.05M -985.77M 2,873.43M 937.33M 558.68M 481.93M 508.31M 661.86M 536.57M 328.95M 297.80M 248.47M 271.04M 237.22M 223.90M 189.51M 153.85M 168.63M 171.98M 117.34M 107.89M 369.24M 84.60M 38.00M 106.80M 44.50M 4.60M 1.90M
Deferred Income Tax 100.03M -110.61M 114.93M -297.63M 31.72M 79.97M -160.97M -68.56M -101.73M -155.34M -264.56M -353.05M 132.70M 59.62M 117.76M 52.14M -32.06M -30.46M 15.38M -49.37M -41.17M -7.07M -41.24M -13.63M 37.96M -100.57M 23.51M 8.50M -26.70M 8.30M 2.20M 0.40M
Stock-Based Compensation 0.00M 9.52M 0.00M 37.70M 3.16M 6.39M 7.22M 15.89M 19.53M 15.51M 13.88M 24.57M 27.46M 32.34M 36.68M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 31.31M -46.32M -17.92M -220.90M 26.07M -26.58M 48.76M -52.07M 39.45M -8.96M -23.27M 43.89M 28.22M 3.45M 11.57M -10.89M -9.97M -27.88M 38.90M 5.14M -9.06M -2.61M 0.42M -2.00M -18.48M 24.38M 0.51M 5.10M 0.00M 0.00M 0.00M 0.00M
Accounts Receivable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 31.31M -46.32M -17.92M -220.90M 26.07M -26.58M 48.76M -52.07M 39.45M -8.96M -23.27M 33.00M 17.36M -8.63M 0.00M 0.00M 0.00M 0.00M 38.90M 5.14M -9.06M -2.61M 0.00M 0.00M -18.48M 24.38M 0.51M 5.10M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items 729.94M 823.04M 1,574.66M -7.90M -330.73M 24.78M 23.62M 14.80M 294.70M -95.10M 498.19M 1,315.03M 382.42M 49.27M -145.14M 30.86M 26.45M 30.26M -70.19M 4.18M 6.71M -20.21M 0.64M -8.06M 0.11M 3.91M 3.43M 2.10M -29.00M 10.30M -1.60M -0.30M
Net Cash from Operating Activities 1,727.17M 1,913.85M 1,908.26M 1,295.73M 1,172.87M 712.38M 353.10M 834.94M 485.32M 325.21M 247.37M 549.42M 974.57M 638.48M 577.31M 571.86M 441.44M 303.16M 471.24M 286.45M 261.98M 204.64M 137.07M 128.17M 172.61M 168.45M 155.84M 67.80M 12.70M 74.10M 9.50M 2.80M
Capital Expenditures (PPE) -1,307.42M -1,338.11M -1,314.42M -1,056.12M -524.04M -315.77M -282.62M -556.51M -498.23M -398.15M -224.90M -523.11M -789.69M -558.13M -569.01M -436.16M -261.74M -297.17M -269.91M -151.60M -133.91M -201.48M -184.07M -186.76M -182.05M -189.52M 0.00M -94.40M -174.50M -177.70M -57.80M -20.00M
Acquisitions (Net) 2.27M 159.77M 0.00M -662.58M 25.65M 6.25M 0.18M -2.18M 1.82M -59.86M 70.18M 4.53M -1,866.31M -3.59M 0.00M -120.01M -78.91M 0.00M -3.93M -243.27M 0.00M 0.00M -111.04M 0.00M 0.00M -147.43M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 66.04M 27.32M 35.12M 207.07M 9.40M -1.24M -32.03M -58.82M 34.95M 45.47M -67.38M -74.62M 289.82M 105.11M 280.15M 35.74M 4.62M -6.59M 20.07M -8.45M 0.97M 50.25M 10.43M 131.28M 74.17M 39.53M -203.05M 61.70M 89.10M 17.50M 8.80M 3.30M
Net Cash from Investing Activities -1,239.11M -1,151.02M -1,279.30M -1,511.63M -488.99M -310.76M -314.47M -617.51M -463.27M -352.68M -292.28M -597.73M -2,366.18M -456.61M -288.85M -520.43M -336.04M -303.76M -253.77M -403.32M -132.95M -151.23M -284.68M -55.48M -107.88M -297.41M -203.05M -32.70M -85.40M -160.20M -49.00M -16.70M
Net Debt Issuance -354.76M -393.33M -355.16M 569.19M -517.30M -401.62M -44.20M -211.86M -21.30M 24.77M -62.57M -449.84M 344.83M 106.98M -58.74M 150.10M 47.70M 17.77M -33.24M 114.25M 3.91M 62.14M 161.44M -89.95M -76.25M 137.42M 43.83M -35.80M 58.90M 7.90M 3.40M 4.40M
Long-Term Debt Issuance -354.76M -766.94M -355.16M 569.19M -517.30M -401.62M -187.45M -204.08M -21.30M 24.77M -60.91M -449.84M 344.83M 106.98M -58.74M 150.10M 48.05M -46.41M 0.00M 114.25M 3.91M 62.14M 161.44M -89.95M -76.25M 137.42M 43.83M -35.80M 58.90M 7.90M 3.40M 4.40M
Short-Term Debt Issuance 0.00M 373.61M 0.00M 0.00M 0.00M 0.00M 143.25M -7.78M 0.00M 0.00M -1.66M 0.00M 0.00M 0.00M 0.00M 0.00M -0.34M 64.18M -33.24M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -70.89M -301.13M -222.20M -221.93M -158.98M 0.00M 0.00M 0.00M 0.00M 0.00M 109.94M 606.10M 1,412.62M 0.00M 21.87M 45.05M 26.02M 129.48M 10.50M 147.22M 8.51M 2.92M 44.50M 98.57M 3.44M 0.58M 3.38M 0.60M 8.80M 64.70M 62.70M 4.90M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.76M 0.00M 109.94M 606.10M 1,412.62M 10.59M 21.87M 45.05M 26.02M 135.58M 10.50M 147.22M 8.51M 2.92M 44.50M 98.57M 3.50M 1.44M 3.38M 0.60M 8.80M 64.70M 62.70M 5.10M
Common Stock Repurchased -70.89M -301.13M -222.20M -221.93M -158.98M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -6.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.06M -0.86M 0.00M 0.00M 0.00M 0.00M 0.00M -0.20M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -69.52M -72.77M -71.99M -37.52M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -109.81M -307.10M -237.87M -214.72M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid -69.52M -72.77M -71.99M -37.52M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -109.81M -307.10M -237.87M -214.72M -204.31M -188.62M -136.41M -194.73M -144.61M -141.45M -114.22M -112.07M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -3.79M 1.81M -18.82M -43.49M -2.14M 0.00M 0.00M 0.00M -0.76M 0.00M 0.00M 0.00M -77.42M -32.43M -35.46M -34.73M 0.00M 0.00M 0.00M 0.00M 0.00M -4.25M 0.00M -31.68M 12.18M -9.04M 0.00M 0.00M 5.00M -0.10M -3.40M -0.50M
Net Cash from Financing Activities -498.96M -765.42M -668.17M 266.25M -678.42M -401.62M -44.20M -211.86M -22.05M 24.77M 49.03M 46.45M 1,372.93M -163.33M -287.05M -43.89M -114.89M 10.84M -217.46M 116.86M -129.04M -53.41M 93.87M -23.06M -60.63M 128.97M 47.21M -35.20M 72.70M 72.50M 52.60M 8.80M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 106.14M -86.65M -1.66M 0.96M 1.46M -2.01M -7.42M 0.30M -0.69M -0.07M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.10M -0.10M
Net Change in Cash -10.89M -2.59M -39.21M 50.35M 5.46M 0.00M -5.57M 5.57M 106.14M -89.35M 2.46M -0.90M -17.23M 16.53M -6.01M 7.85M -10.18M 10.18M 0.00M 0.00M 0.00M 0.00M -53.73M 49.63M 4.10M 0.00M 0.00M -0.10M 0.00M -13.60M 13.00M -5.20M
Cash at Beginning of Period 51.04M 144.74M 55.82M 5.46M 0.00M 0.00M 5.57M 0.00M 0.00M 2.71M 0.25M 1.14M 18.37M 1.84M 7.85M 0.00M 10.18M 0.00M 0.00M 0.00M 0.00M 0.00M 53.73M 4.10M 0.00M 0.00M 0.00M 0.00M 0.00M 13.40M -0.10M 5.10M
Cash at End of Period 40.15M 142.15M 16.61M 55.82M 5.46M 0.00M 0.00M 5.57M 106.14M -86.65M 2.71M 0.25M 1.14M 18.37M 1.84M 7.85M 0.00M 10.18M 0.00M 0.00M 0.00M 0.00M 0.00M 53.73M 4.10M 0.00M 0.00M -0.10M 0.00M -0.20M 12.90M -0.10M
Operating Cash Flow 1,727.17M 1,913.85M 1,908.26M 1,295.73M 1,172.87M 712.38M 353.10M 834.94M 485.32M 325.21M 247.37M 549.42M 974.57M 638.48M 577.31M 571.86M 441.44M 303.16M 471.24M 286.45M 261.98M 204.64M 137.07M 128.17M 172.61M 168.45M 155.84M 67.80M 12.70M 74.10M 9.50M 2.80M
Capital Expenditure -1,307.42M -1,338.11M -1,314.42M -1,056.12M -524.04M -315.77M -282.62M -556.51M -498.23M -398.15M -224.90M -523.11M -789.69M -558.13M -569.01M -436.16M -261.74M -297.17M -269.91M -151.60M -133.91M -201.48M -184.07M -186.76M -182.05M -189.52M 0.00M -94.40M -174.50M -177.70M -57.80M -20.00M
Free Cash Flow 419.76M 575.75M 593.85M 239.61M 648.83M 396.62M 70.48M 278.43M -12.90M -72.94M 22.47M 26.31M 184.88M 80.35M 8.30M 135.70M 179.70M 5.99M 201.33M 134.85M 128.07M 3.16M -46.99M -58.59M -9.44M -21.07M 155.84M -26.60M -161.80M -103.60M -48.30M -17.20M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
EBITDA 2,235.84M 2,643.87M 2,311.36M 1,809.70M 1,601.76M 1,028.53M 368.82M 927.58M 643.38M 441.15M 264.82M 412.55M 1,300.59M 878.77M 736.38M 812.90M 715.33M 558.28M 955.03M 510.59M 460.44M 561.16M 461.61M 373.05M 391.78M 610.24M 309.25M 127.10M 173.40M 132.40M 16.00M 6.10M
(-) Tax Adjustment 782.54M 563.83M 808.98M 633.40M 63.48M 49.30M 22.76M 324.65M 153.31M 154.40M 92.69M 96.07M 455.21M 213.19M 230.39M 157.23M 0.00M 0.00M 84.52M 0.00M 0.00M 11.52M 161.56M 0.00M 137.12M 213.58M 108.24M 44.49M 60.69M 46.34M 5.58M 2.14M
(-) Change In Working Capital 31.31M -46.32M -17.92M -220.90M 26.07M -26.58M 48.76M -52.07M 39.45M -8.96M -23.27M 43.89M 28.22M 3.45M 11.57M -10.89M -9.97M -27.88M 38.90M 5.14M -9.06M -2.61M 0.42M -2.00M -18.48M 24.38M 0.51M 5.10M 0.00M 0.00M 0.00M 0.00M
(-) Capital Expenditure -1,307.42M -1,338.11M -1,314.42M -1,056.12M -524.04M -315.77M -282.62M -556.51M -498.23M -398.15M -224.90M -523.11M -789.69M -558.13M -569.01M -436.16M -261.74M -297.17M -269.91M -151.60M -133.91M -201.48M -184.07M -186.76M -182.05M -189.52M 0.00M -94.40M -174.50M -177.70M -57.80M -20.00M
Unlevered Free Cash Flow 114.57M 788.25M 205.89M 341.08M 988.16M 690.05M 14.68M 98.48M -47.61M -102.44M -29.50M -250.52M 27.47M 104.00M -74.58M 230.40M 463.56M 288.98M 561.70M 353.86M 335.58M 350.78M 115.55M 188.29M 91.08M 182.76M 200.50M -16.89M -61.79M -91.64M -47.38M -16.04M
(-) Net Interest Income After Taxes -92.34M -181.78M -133.97M -111.65M -61.40M -72.96M -83.34M -56.22M -82.40M -68.22M -67.40M -79.32M -53.81M -32.81M 27.87M -10.07M -28.31M -38.18M -30.05M -35.24M -33.69M -32.44M -12.62M -23.55M -16.39M -22.00M -8.99M 0.00M -6.50M 0.00M -0.26M -0.20M
Net Debt Issuance -354.76M -393.33M -355.16M 569.19M -517.30M -401.62M -44.20M -211.86M -21.30M 24.77M -62.57M -449.84M 344.83M 106.98M -58.74M 150.10M 47.70M 17.77M -33.24M 114.25M 3.91M 62.14M 161.44M -89.95M -76.25M 137.42M 43.83M -35.80M 58.90M 7.90M 3.40M 4.40M
Levered Free Cash Flow -147.86M 576.70M -15.31M 1,021.92M 532.26M 361.38M 53.82M -57.16M 13.50M -9.45M -24.67M -621.03M 426.11M 243.79M -161.19M 390.57M 539.57M 344.93M 558.51M 503.35M 373.18M 445.37M 289.62M 121.89M 31.22M 342.19M 253.31M -52.69M 3.61M -83.74M -43.72M -11.44M