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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

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Page: Company Financials

Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira

Ticker: INTB3.SA | Industry: Communication Equipment | Sector: Technology
$12.27 +0.18 (1.49%)
As of: 2026-01-28

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019
Stock Price 13.51 18.53 21.41 27.56 24.85 18.08 18.08
Market Capitalization 4,411.38M 6,066.31M 6,996.22M 9,100.39M 8,187.91M 5,715.29M 5,715.55M
(-) Cash & Equivalents 904.43M 1,158.99M 1,295.74M 944.25M 986.37M 620.12M 3.96M
(+) Total Debt 1,003.93M 947.26M 965.69M 718.35M 442.15M 508.62M 66.68M
Enterprise Value 4,510.88M 5,854.58M 6,666.17M 8,874.48M 7,643.69M 5,603.79M 5,778.27M

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
Revenue 4,580M 4,631M 4,756M 4,104M 4,233M 3,087M 2,134M 1,698M 1,440M 1,498M 1,126M 876M 770M 632M 494M
Cost of Revenue 3,238M 3,228M 3,294M 2,827M 3,031M 2,178M 1,434M 1,105M 914M 973M 688M 530M 450M 350M 277M
Gross Profit 1,342M 1,402M 1,463M 1,277M 1,202M 909M 701M 593M 526M 525M 438M 346M 320M 282M 217M
Gross Profit Margin 29.3% 30.3% 30.8% 31.1% 28.4% 29.5% 32.8% 34.9% 36.6% 35.0% 38.9% 39.5% 41.5% 44.6% 43.9%
R&D Expenses 178M 154M 159M 143M 126M 102M 70M 59M 52M 49M 0M 0M 0M 0M 0M
SG&A Expenses 313M 866M 349M 291M 736M 201M 142M 344M 283M 289M 249M 186M 176M 146M 121M
Operating Expenses 970M 867M 918M 756M 738M 547M 314M 409M 338M 343M 305M 235M 228M 179M 153M
Operating Income (EBIT) 372M 536M 544M 521M 463M 363M 386M 184M 188M 182M 134M 111M 91M 103M 64M
Operating Income Margin 8.1% 11.6% 11.4% 12.7% 10.9% 11.7% 18.1% 10.8% 13.1% 12.1% 11.9% 12.7% 11.9% 16.3% 12.9%
Interest Income 123M 133M 130M 8M 98M 41M 90M 23M 22M 1M 20M 4M 5M 3M 5M
Interest Expense 115M 92M 76M 114M 62M -43M -33M 2M 9M 0M 0M 0M 0M 0M 0M
Net Interest Income 9M 41M 54M -107M 37M 84M 123M 21M 13M 1M 20M 4M 5M 3M 5M
Unusual Items 61M 0M -83M 102M -30M -77M -193M -15M -43M 14M 2M -51M -35M -14M -10M
EBT Excluding Unusual Items 381M 577M 598M 415M 500M 447M 510M 205M 201M 183M 154M 115M 96M 106M 69M
Pre-Tax Income 442M 577M 515M 517M 470M 371M 317M 190M 158M 197M 156M 65M 61M 91M 59M
Pre-Tax Margin 9.7% 12.5% 10.8% 12.6% 11.1% 12.0% 14.8% 11.2% 11.0% 13.2% 13.9% 7.4% 8.0% 14.5% 11.9%
Income Tax Expense -31M -9M -14M -29M -9M 7M -11M 1M -5M 14M 23M 4M 1M 17M 7M
Net Income 473M 587M 529M 544M 480M 364M 328M 189M 162M 184M 133M 60M 60M 75M 52M
Net Income Margin 10.3% 12.7% 11.1% 13.3% 11.3% 11.8% 15.4% 11.2% 11.3% 12.3% 11.8% 6.9% 7.8% 11.8% 10.5%
Depreciation & Amortization 114M 93M 98M 79M 70M 41M 23M 19M 16M 13M 11M 10M 8M 8M 7M
EBITDA 486M 629M 642M 601M 533M 403M 410M 203M 204M 195M 145M 121M 99M 111M 71M
EBITDA Margin 10.6% 13.6% 13.5% 14.6% 12.6% 13.1% 19.2% 11.9% 14.1% 13.0% 12.9% 13.8% 12.9% 17.6% 14.3%
NOPAT 398M 544M 559M 550M 472M 356M 400M 183M 193M 169M 114M 104M 89M 84M 56M
NOPAT Margin 8.7% 11.7% 11.7% 13.4% 11.2% 11.5% 18.7% 10.8% 13.4% 11.3% 10.1% 11.8% 11.6% 13.3% 11.4%
Owner's Earnings 452M 458M 406M 410M 347M 251M 299M 139M 142M 166M 129M 62M 26M 71M 52M
Owner's Earnings Margin 9.9% 9.9% 8.5% 10.0% 8.2% 8.1% 14.0% 8.2% 9.9% 11.1% 11.5% 7.1% 3.4% 11.2% 10.5%
EPS (Basic) 1.45 1.79 1.61 1.66 1.47 1.11 1.00 0.58 0.50 0.56 0.39 0.18 0.18 0.22 0.15
EPS (Diluted) 1.45 1.79 1.61 1.66 1.47 1.11 1.00 0.58 0.50 0.56 0.39 0.18 0.18 0.22 0.15
Shares (Basic) 327M 327M 328M 328M 328M 328M 328M 328M 328M 328M 338M 337M 338M 338M 338M
Shares (Diluted) 327M 327M 328M 328M 328M 328M 328M 328M 328M 328M 338M 337M 338M 338M 338M

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
Cash & Cash Equivalents 1,239.72M 825.65M 887.97M 1,303.17M 1,556.83M 940.86M 752.98M 401.63M 385.80M 320.73M 295.02M 199.72M 86.80M 50.46M 59.44M
Short-Term Investments 15.41M 11.99M 0.14M 2.92M 4.46M 4.41M 1.16M 1.14M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 1,255.13M 837.64M 888.11M 1,306.09M 1,561.29M 945.27M 754.14M 402.77M 385.80M 320.73M 295.02M 199.72M 86.80M 50.46M 59.44M
Net Receivables 1,339.46M 1,229.36M 1,213.34M 951.00M 830.21M 649.50M 531.69M 363.63M 273.18M 297.66M 178.90M 189.32M 174.67M 148.81M 131.74M
Inventory 1,515.47M 1,441.32M 1,736.87M 1,167.55M 1,294.60M 1,213.61M 562.92M 434.78M 344.02M 303.84M 221.21M 190.43M 157.45M 132.13M 97.97M
Other Current Assets 0.00M 200.41M 202.75M 154.28M 97.23M 65.08M 161.99M 23.52M 2.07M 12.33M 6.27M 13.46M 13.79M 7.99M 4.96M
Total Current Assets 4,110.06M 3,708.72M 4,041.07M 3,578.91M 3,783.32M 2,873.46M 2,010.74M 1,224.69M 1,005.08M 934.57M 701.41M 592.93M 432.70M 339.39M 294.12M
Property, Plant & Equipment 707.69M 706.36M 703.53M 618.00M 522.26M 380.93M 257.45M 230.09M 163.29M 151.23M 128.84M 122.80M 127.28M 99.43M 98.25M
Goodwill 278.06M 277.97M 278.43M 280.16M 268.63M 88.86M 58.14M 58.14M 34.76M 33.37M 33.37M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 299.19M 299.04M 306.38M 259.40M 246.32M 84.05M 29.38M 29.84M 15.73M 14.91M 15.82M 48.03M 48.01M 42.82M 5.00M
Long-Term Investments 28.03M 30.17M 16.54M 10.59M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.91M 0.89M 0.83M 0.34M
Tax Assets 110.57M 103.12M 83.45M 66.54M 29.94M 20.16M 23.60M 7.09M 13.14M 5.98M 12.47M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 57.78M 61.06M 104.41M 39.85M 98.23M 26.51M 30.37M 51.68M 49.50M 43.58M 19.21M 28.46M 42.28M 51.94M 0.00M
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 56.55M
Total Non-Current Assets 1,481.31M 1,477.72M 1,492.74M 1,274.54M 1,165.38M 600.51M 398.95M 376.83M 276.41M 249.07M 209.71M 200.20M 218.47M 195.02M 160.13M
Total Assets 5,591.37M 5,186.45M 5,533.81M 4,853.45M 4,948.71M 3,473.97M 2,409.69M 1,601.53M 1,281.49M 1,183.63M 911.11M 793.13M 651.16M 534.41M 454.25M
Accounts Payable 910.28M 656.02M 1,219.61M 877.12M 1,002.72M 870.44M 682.67M 466.36M 356.60M 365.18M 295.85M 241.76M 171.81M 143.75M 113.44M
Short-Term Debt 343.60M 292.44M 211.12M 120.48M 235.54M 137.10M 151.58M 41.29M 55.10M 37.23M 31.79M 22.57M 17.63M 37.47M 0.00M
Tax Payables 0.00M 51.72M 43.92M 28.82M 18.77M 3.41M 4.93M 8.31M 6.76M 11.25M 6.74M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 28.82M 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 296.50M 84.00M 299.63M 320.88M 465.77M 242.12M 139.41M 53.52M 34.45M 40.48M 18.83M 37.69M 34.07M 27.92M 95.33M
Total Current Liabilities 1,550.39M 1,084.18M 1,774.27M 1,376.13M 1,722.80M 1,253.08M 978.58M 569.48M 452.90M 454.14M 353.21M 302.02M 223.51M 209.14M 208.77M
Long-Term Debt 695.04M 678.04M 712.40M 793.53M 829.68M 306.59M 349.95M 225.42M 146.03M 146.36M 109.30M 138.17M 118.76M 17.18M 32.87M
Capital Lease Obligations 0.00M 14.86M 18.21M 13.31M 32.26M 10.29M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 19.83M 18.93M 0.00M 0.00M 0.00M 0.00M 0.00M 4.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 88.44M 89.86M 82.98M 96.80M 141.50M 55.98M 34.60M 27.69M 14.00M 17.99M 20.50M 20.85M 24.67M 31.69M 0.00M
Total Non-Current Liabilities 783.48M 802.60M 832.52M 903.65M 1,003.43M 372.87M 384.55M 253.11M 164.03M 164.35M 129.80M 159.03M 143.42M 48.86M 32.87M
Total Liabilities 2,333.86M 1,886.77M 2,606.79M 2,279.77M 2,726.24M 1,625.95M 1,363.13M 822.59M 616.93M 618.49M 483.01M 461.05M 366.93M 258.00M 241.64M
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
Common Stock 2,000.00M 2,000.00M 1,700.00M 1,700.00M 1,074.50M 1,074.50M 350.00M 350.00M 350.00M 350.00M 100.00M 100.00M 100.00M 100.00M 100.00M
Retained Earnings 276.82M 198.03M 1,267.58M 927.81M 1,183.98M 852.92M 600.54M 349.52M 286.81M 181.30M 312.11M 217.70M 173.80M 166.25M 102.66M
Accumulated OCI 881.14M -26.09M -24.94M -26.98M -27.44M -27.00M 25.69M 25.34M 25.59M -10.79M 26.09M 26.28M 28.50M 28.61M 0.00M
Minority Interest 23.28M 23.40M 24.63M 22.70M 17.25M 18.71M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 3,157.96M 2,171.94M 2,942.64M 2,600.82M 2,231.04M 1,900.43M 976.23M 724.86M 662.40M 520.51M 438.20M 343.98M 302.29M 294.87M 202.66M
Total Equity 3,181.25M 2,195.34M 2,967.27M 2,623.52M 2,248.28M 1,919.14M 976.23M 724.86M 662.40M 520.51M 438.20M 343.98M 302.29M 294.87M 202.66M
Total Liabilities & Equity 5,515.11M 4,082.11M 5,574.06M 4,903.29M 4,974.52M 3,545.08M 2,339.36M 1,547.45M 1,279.33M 1,139.00M 921.22M 805.03M 669.23M 552.87M 444.30M
Tangible Assets 5,014.12M 4,609.44M 4,949.00M 4,313.89M 4,433.76M 3,301.05M 2,322.16M 1,513.55M 1,231.01M 1,135.36M 861.93M 745.10M 603.15M 491.59M 449.25M
Tangible Equity 2,604.00M 1,618.33M 2,382.46M 2,083.97M 1,733.33M 1,746.23M 888.71M 636.88M 611.92M 472.24M 389.02M 295.95M 254.28M 252.05M 197.67M
Tangible Book Value 2,604.00M 1,618.33M 2,382.46M 2,083.97M 1,733.33M 1,746.23M 888.71M 636.88M 611.92M 472.24M 389.02M 295.95M 254.28M 252.05M 197.67M
Total Investments 43.44M 42.16M 16.68M 13.51M 4.46M 4.41M 1.16M 1.14M 2.32M 1.07M 0.84M 0.91M 0.89M 0.83M 0.34M
Net Debt -201.08M 144.84M 35.55M -389.15M -491.61M -497.16M -251.45M -134.92M -184.67M -137.15M -153.93M -38.98M 49.59M 4.19M -26.57M

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
Working Capital 2,489.1M 2,397.9M 2,280.4M 2,247.5M 2,075.5M 1,687.3M 961.8M 601.1M 513.2M 435.8M 308.5M 266.0M 190.5M 111.9M 85.4M
Total Capital 4,202.3M 4,061.8M 3,883.6M 3,528.2M 3,328.5M 2,354.4M 1,477.8M 991.6M 826.7M 704.1M 542.5M 467.9M 401.9M 312.7M 227.8M
Capital Employed 3,970.4M 3,875.6M 3,773.2M 3,522.0M 3,240.9M 2,287.8M 1,360.8M 978.0M 789.6M 684.9M 518.2M 466.2M 408.9M 306.9M 245.5M
Invested Capital 2,962.6M 3,236.2M 2,995.7M 2,225.0M 1,771.7M 1,413.6M 724.8M 589.9M 440.9M 383.4M 247.5M 268.2M 315.1M 262.3M 168.4M

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
Net Income 461.19M 582.43M 514.84M 544.23M 470.06M 370.53M 316.73M 190.47M 157.93M 197.46M 133.04M 60.33M 60.20M 74.92M 51.86M
Depreciation & Amortization 113.95M 93.09M 97.83M 79.24M 69.65M 40.62M 23.41M 18.68M 15.56M 12.54M 11.14M 9.75M 7.82M 8.39M 6.73M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 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 -131.52M -228.70M -642.97M -32.50M 44.01M -371.75M 59.15M -20.71M 48.93M -175.71M -50.64M -26.42M -42.46M -51.49M -50.95M
Accounts Receivable 381.86M -166.98M -192.97M 0.00M -124.76M 92.55M -59.31M -101.83M 17.76M -152.52M -38.24M -11.75M -27.40M -15.93M -29.43M
Inventory 467.75M -734.38M -632.91M 185.43M 73.41M -690.62M -162.49M -90.90M -35.90M -84.63M -22.89M -29.59M -25.31M -34.16M -21.52M
Accounts Payable -221.88M 693.50M 182.26M -175.01M 47.00M 206.93M 222.80M 166.32M 71.89M 35.57M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -759.25M -20.84M 0.65M -42.92M 48.36M 19.39M 58.15M 5.70M -4.81M 25.86M 10.49M 14.91M 10.26M -1.40M 0.00M
Other Non-Cash Items 6.85M -16.39M 135.48M -42.09M 42.30M -81.52M -160.96M 9.67M 5.96M 38.42M 80.98M 82.06M 36.59M 49.66M 76.44M
Net Cash from Operating Activities 450.47M 430.43M 105.17M 548.89M 626.02M -42.12M 238.33M 198.11M 228.37M 72.71M 174.52M 125.72M 62.14M 81.47M 84.08M
Capital Expenditures (PPE) -105.60M -143.06M -136.59M -171.08M -158.11M -126.05M -47.10M -66.19M -30.59M -30.69M -14.97M -7.79M -41.97M -12.69M -6.72M
Acquisitions (Net) 0.00M -1.99M 0.00M -1.99M -70.86M -81.61M 0.00M -27.83M -1.55M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -1.42M -1.57M -2.11M 0.00M -1.25M -0.58M -1.41M -27.83M -1.25M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.90M 0.00M 1.43M 0.00M 0.00M 0.00M 0.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -43.11M -78.09M -84.51M -42.74M -44.81M -28.30M -4.49M 28.73M -4.68M 0.66M -4.28M -2.48M -5.71M -39.52M -1.92M
Net Cash from Investing Activities -150.13M -223.81M -223.21M -214.38M -275.04M -236.54M -53.00M -92.63M -38.07M -30.04M -19.25M -10.27M -47.68M -52.21M -8.64M
Net Debt Issuance 53.18M 17.71M 0.29M -190.05M 426.09M -57.64M 205.03M 14.20M -50.54M 71.69M -26.47M 18.11M 77.08M -38.25M 0.00M
Long-Term Debt Issuance 17.97M 17.71M 0.29M -190.05M 426.09M -56.72M 205.03M 14.20M -50.54M 71.69M -26.47M 18.11M 77.08M -38.25M 0.00M
Short-Term Debt Issuance 35.22M 0.00M 0.00M 0.00M 0.00M -0.92M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -3.58M 0.00M -0.73M 0.00M 0.00M 724.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 724.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -3.58M 0.00M -0.73M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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
Net Dividends Paid -158.91M -201.47M -119.46M -173.21M -115.49M -131.15M -22.59M -91.19M -62.12M -53.37M -32.75M -20.63M -55.20M 0.00M 0.00M
Common Dividends Paid -158.91M -155.22M -119.46M -173.21M -115.49M -131.15M -22.59M -91.19M -62.12M -53.37M -32.75M -20.63M -55.20M 0.00M 0.00M
Preferred Dividends Paid 0.00M -46.25M 0.00M 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 -84.95M -87.69M -177.27M -224.91M -45.62M -69.17M -16.42M -12.66M -12.58M -35.28M 0.00M 0.00M 0.00M 0.00M -67.90M
Net Cash from Financing Activities -194.26M -271.45M -297.17M -588.17M 264.99M 466.54M 166.03M -89.65M -125.23M -16.96M -59.22M -2.52M 21.88M -38.25M -67.90M
Effect of FX on Cash 0.00M 0.00M 0.00M 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 Change in Cash 106.09M -64.83M -415.20M -253.66M 615.97M 187.88M 351.35M 15.83M 65.07M 25.72M 96.04M 112.93M 36.34M -8.98M 7.55M
Cash at Beginning of Period 3,495.18M 55,115.99M 1,303.17M 1,556.83M 940.86M 752.98M 401.63M 385.80M 320.73M 295.02M 199.72M 86.80M 50.46M 59.44M 51.89M
Cash at End of Period 3,601.27M 55,051.16M 887.97M 1,303.17M 1,556.83M 940.86M 752.98M 401.63M 385.80M 320.73M 295.77M 199.72M 86.80M 50.46M 59.44M
Operating Cash Flow 450.47M 469.98M 105.17M 548.89M 626.02M -42.12M 238.33M 198.11M 228.37M 72.71M 174.52M 125.72M 62.14M 81.47M 84.08M
Capital Expenditure -134.89M -221.16M -221.10M -213.82M -202.92M -154.36M -52.07M -68.96M -35.57M -30.69M -14.97M -7.79M -41.97M -12.69M -6.72M
Free Cash Flow 315.59M 248.82M -115.92M 335.07M 423.09M -196.48M 186.26M 129.15M 192.80M 42.02M 159.54M 117.93M 20.17M 68.79M 77.37M

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
EBITDA 963.91M 476.25M 1,052.13M 922.37M 409.19M 647.01M 512.19M 208.50M 207.72M 198.98M 200.49M 169.25M 151.22M 143.94M 101.91M
(-) Tax Adjustment 0.00M 0.00M 0.00M 0.00M 0.00M 12.25M 0.00M 1.18M 0.00M 13.77M 29.66M 11.46M 3.08M 26.00M 11.88M
(-) Change In Working Capital -131.52M -228.70M -642.97M -32.50M 44.01M -371.75M 59.15M -20.71M 48.93M -175.71M -50.64M -26.42M -42.46M -51.49M -50.95M
(-) Capital Expenditure -134.89M -221.16M -221.10M -213.82M -202.92M -154.36M -52.07M -68.96M -35.57M -30.69M -14.97M -7.79M -41.97M -12.69M -6.72M
Unlevered Free Cash Flow 960.54M 483.79M 1,474.00M 741.04M 162.26M 852.15M 400.97M 159.07M 123.22M 330.23M 206.49M 176.43M 148.62M 156.75M 134.27M
(-) Net Interest Income After Taxes 8.79M 41.02M 53.93M -106.69M 36.58M 82.83M 123.46M 21.12M 12.79M 0.90M 17.41M 3.78M 4.59M 2.36M 4.52M
Net Debt Issuance 53.18M 17.71M 0.29M -190.05M 426.09M -57.64M 205.03M 14.20M -50.54M 71.69M -26.47M 18.11M 77.08M -38.25M 0.00M
Levered Free Cash Flow 1,004.94M 460.48M 1,420.36M 657.68M 551.77M 711.68M 482.54M 152.14M 59.90M 401.01M 162.62M 190.75M 221.11M 116.15M 129.75M