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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

MFE-Mediaforeurope N.V.

Ticker: MFEB.MI | Industry: Broadcasting | Sector: Communication Services
$4.15 +0.01 (0.24%)
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
Stock Price 4.30 3.97 3.22 3.42 11.53 10.98 24.59 25.44 30.20 30.61 36.98 31.58 24.45 14.85 27.41 46.54 39.91
Market Capitalization 2,412.86M 2,101.04M 1,805.32M 1,917.37M 6,457.98M 6,149.86M 13,777.31M 14,253.50M 16,917.36M 17,145.66M 20,718.48M 17,691.87M 13,696.08M 8,316.53M 15,354.34M 26,072.82M 22,359.94M
(-) Cash & Equivalents 23.73M 90.68M 157.05M 247.83M 264.00M 198.20M 166.78M 130.68M 81.38M 146.33M 427.00M 310.23M 200.33M 140.35M 115.38M 143.80M 35.53M
(+) Total Debt 385.50M 791.03M 992.30M 1,025.13M 1,144.20M 1,367.50M 1,303.10M 1,258.20M 1,327.60M 1,131.78M 1,165.25M 1,366.58M 1,713.63M 485.83M 0.00M 0.00M 185.88M
Enterprise Value 2,774.63M 2,801.39M 2,640.57M 2,694.67M 7,338.18M 7,319.16M 14,913.63M 15,381.02M 18,163.59M 18,131.11M 21,456.73M 18,748.22M 15,209.38M 8,662.00M 15,238.96M 25,929.02M 22,510.29M

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
Revenue 3,408M 2,948M 2,914M 2,785M 2,770M 2,861M 2,612M 2,894M 3,352M 3,586M 3,614M 3,436M 3,374M 3,358M 3,682M 4,208M 4,254M 3,815M 4,147M 4,033M 3,712M 3,678M 3,422M 3,142M 2,372M 2,309M 2,332M
Cost of Revenue 2,308M 2,246M 1,889M 1,552M 1,519M 1,899M 1,997M 1,490M 1,838M 1,781M 1,955M 1,639M 1,545M 1,575M 1,827M 1,856M 1,761M 1,593M 1,550M 1,454M 1,374M 1,227M 1,043M 798M 1,814M 50M 62M
Gross Profit 1,100M 702M 1,024M 1,233M 1,252M 962M 615M 1,403M 1,514M 1,804M 1,659M 1,797M 1,829M 1,784M 1,856M 2,352M 2,493M 2,222M 2,597M 2,579M 2,337M 2,451M 2,379M 2,344M 559M 2,259M 2,269M
Gross Profit Margin 32.3% 23.8% 35.2% 44.3% 45.2% 33.6% 23.5% 48.5% 45.2% 50.3% 45.9% 52.3% 54.2% 53.1% 50.4% 55.9% 58.6% 58.2% 62.6% 63.9% 63.0% 66.6% 69.5% 74.6% 23.5% 97.8% 97.3%
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
SG&A Expenses 388M 423M 707M 751M 642M 570M 347M 42M 53M 191M 194M 195M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Operating Expenses 833M 1,070M 704M 628M 975M 596M 629M 1,077M 1,440M 1,615M 1,848M 1,639M 1,594M 1,569M 2,091M 1,832M 1,672M 1,620M 1,626M 1,430M 1,302M 1,165M 1,288M 1,566M 779M 733M 666M
Operating Income (EBIT) 267M -368M 321M 606M 276M 366M -14M 326M 74M 189M -189M 158M 236M 214M -235M 520M 821M 601M 971M 1,149M 1,035M 1,286M 1,091M 778M -220M 1,526M 1,604M
Operating Income Margin 7.8% -12.5% 11.0% 21.8% 10.0% 12.8% -0.5% 11.3% 2.2% 5.3% -5.2% 4.6% 7.0% 6.4% -6.4% 12.4% 19.3% 15.8% 23.4% 28.5% 27.9% 35.0% 31.9% 24.7% -9.3% 66.1% 68.8%
Interest Income 2M 6M 4M 7M 1M 0M 1M 1M 1M 3M 3M 4M 31M 3M 7M 11M 76M 55M 60M 89M 57M 96M 0M 0M 93M 0M 0M
Interest Expense 22M 41M 26M 42M 27M 31M 14M 32M 31M 33M 60M 61M 55M 51M 41M 43M 101M 84M 140M 140M 77M 94M 96M 31M 0M 92M 124M
Net Interest Income -20M -35M -22M -34M -27M -31M -14M -32M -30M -31M -56M -56M -25M -48M -34M -32M -25M -29M -80M -51M -20M 2M -96M -31M 93M -92M -124M
Unusual Items 215M 718M -65M -292M 88M 220M 313M 88M 21M 61M -29M 96M -72M -66M -18M -29M -197M -124M -198M -3M 5M -86M 52M -72M 625M -1,016M -832M
EBT Excluding Unusual Items 247M -403M 298M 572M 250M 336M -28M 294M 43M 159M -246M 102M 211M 166M -269M 489M 796M 573M 891M 1,098M 1,015M 1,288M 995M 747M -128M 1,434M 1,480M
Pre-Tax Income 461M 316M 234M 280M 337M 555M 286M 382M 64M 220M -275M 197M 139M 100M -287M 459M 600M 448M 693M 1,096M 1,020M 1,202M 1,046M 675M 497M 418M 648M
Pre-Tax Margin 13.5% 10.7% 8.0% 10.0% 12.2% 19.4% 10.9% 13.2% 1.9% 6.1% -7.6% 5.7% 4.1% 3.0% -7.8% 10.9% 14.1% 11.8% 16.7% 27.2% 27.5% 32.7% 30.6% 21.5% 21.0% 18.1% 27.8%
Income Tax Expense 74M 78M 93M 63M 62M 101M 67M 94M 19M 61M -48M 87M 62M 77M -38M 170M 213M 143M 132M 414M 358M 455M 391M 247M 135M 170M 224M
Net Income 285M 234M 138M 209M 217M 374M 139M 190M 468M 91M -295M 4M 24M 9M -250M 225M 387M 305M 565M 681M 662M 748M 653M 370M 362M 248M 424M
Net Income Margin 8.4% 8.0% 4.7% 7.5% 7.8% 13.1% 5.3% 6.6% 14.0% 2.5% -8.1% 0.1% 0.7% 0.3% -6.8% 5.3% 9.1% 8.0% 13.6% 16.9% 17.8% 20.3% 19.1% 11.8% 15.3% 10.8% 18.2%
Depreciation & Amortization 358M 577M 434M 480M 497M 481M 562M 579M 992M 1,055M 1,361M 1,135M 1,087M 1,058M 1,505M 1,288M 1,174M 1,265M 1,160M 1,017M 886M 809M 878M 1,091M 779M 784M 676M
EBITDA 624M 209M 755M 1,086M 774M 848M 548M 905M 1,066M 1,244M 1,172M 1,293M 1,323M 1,272M 1,270M 1,808M 1,995M 1,866M 2,131M 2,166M 1,921M 2,095M 1,969M 1,868M 559M 2,310M 2,280M
EBITDA Margin 18.3% 7.1% 25.9% 39.0% 27.9% 29.6% 21.0% 31.3% 31.8% 34.7% 32.4% 37.6% 39.2% 37.9% 34.5% 43.0% 46.9% 48.9% 51.4% 53.7% 51.8% 56.9% 57.5% 59.5% 23.5% 100.0% 97.8%
NOPAT 224M -277M 193M 469M 225M 300M -11M 246M 51M 137M -150M 89M 131M 49M -186M 327M 530M 410M 786M 714M 672M 800M 683M 494M -161M 907M 1,048M
NOPAT Margin 6.6% -9.4% 6.6% 16.9% 8.1% 10.5% -0.4% 8.5% 1.5% 3.8% -4.1% 2.6% 3.9% 1.5% -5.0% 7.8% 12.4% 10.8% 19.0% 17.7% 18.1% 21.7% 20.0% 15.7% -6.8% 39.3% 45.0%
Owner's Earnings 114M 33M 527M 642M 301M 359M 209M 171M 818M 485M 342M 397M -595M 517M 453M -284M 628M 192M 603M 745M 60M 550M 1,274M 1,340M 413M 146M 411M
Owner's Earnings Margin 3.4% 1.1% 18.1% 23.1% 10.9% 12.5% 8.0% 5.9% 24.4% 13.5% 9.5% 11.6% -17.6% 15.4% 12.3% -6.8% 14.8% 5.0% 14.5% 18.5% 1.6% 14.9% 37.2% 42.7% 17.4% 6.3% 17.6%
EPS (Basic) 0.51 0.45 0.25 0.37 0.49 0.80 0.30 0.85 0.04 0.19 -0.20 0.02 0.07 0.02 -0.22 0.20 0.31 0.40 0.40 0.45 0.44 0.51 0.47 0.78 0.54 0.50 0.76
EPS (Diluted) 0.51 0.45 0.25 0.37 0.39 0.67 0.25 0.34 0.84 0.16 -0.53 0.01 0.04 0.02 -0.45 0.40 0.69 0.54 1.01 1.22 1.18 1.33 1.16 0.66 0.65 0.44 0.76
Shares (Basic) 571M 523M 561M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M
Shares (Diluted) 562M 523M 563M 561M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M 560M

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
Cash & Cash Equivalents 71.20M 0.00M 132.50M 175.30M 522.50M 315.60M 447.90M 245.10M 389.80M 172.70M 328.70M 351.60M 457.30M 197.60M 221.80M 113.90M 182.40M 100.00M 139.60M 157.00M 447.40M 498.10M 249.90M 286.20M 203.80M 101.00M 243.10M
Short-Term Investments 0.00M 0.00M 13.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 9.80M 10.20M 9.00M 5.50M 4.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 236.40M 0.00M 194.90M 215.50M 228.30M
Cash & Short-Term Investments 71.20M 0.00M 145.80M 175.30M 522.50M 315.60M 447.90M 245.10M 389.80M 172.70M 338.50M 361.80M 466.30M 203.10M 226.60M 113.90M 182.40M 100.00M 139.60M 157.00M 447.40M 498.10M 486.30M 286.20M 398.70M 316.50M 471.40M
Net Receivables 846.50M 0.00M 1,024.80M 994.90M 957.40M 1,002.50M 1,038.10M 1,035.10M 1,055.30M 1,275.20M 1,457.70M 1,647.00M 1,815.40M 1,122.20M 1,120.30M 1,164.20M 1,264.10M 1,198.50M 1,273.40M 1,328.00M 1,242.80M 1,136.00M 1,094.30M 1,470.10M 969.10M 0.00M 0.00M
Inventory 0.00M 0.00M 96.40M 61.90M 46.70M 42.50M 47.90M 44.70M 41.20M 33.50M 33.00M 39.70M 42.70M 41.80M 54.30M 91.80M 96.80M 74.90M 52.60M 42.70M 39.90M 25.50M 26.70M 17.10M 33.50M 23.10M 18.40M
Other Current Assets -691.40M 127.10M 0.00M 58.60M 1,067.80M 29.20M 65.70M 85.40M 208.30M 235.20M 1,523.60M 289.20M 1,794.70M 1,151.60M 1,169.00M 84.60M 1,421.70M 57.10M 48.20M 124.30M 1,579.70M 1,412.80M 233.10M 1,159.30M 184.40M 868.50M 770.60M
Total Current Assets 226.30M 127.10M 1,267.00M 1,290.70M 2,594.40M 1,389.80M 1,599.60M 1,410.30M 1,694.60M 1,716.60M 3,352.80M 2,337.70M 4,119.10M 2,518.70M 2,570.20M 1,454.50M 2,965.00M 1,430.50M 1,513.80M 1,652.00M 3,309.80M 3,072.40M 1,840.40M 2,932.70M 1,585.70M 1,208.10M 1,260.40M
Property, Plant & Equipment 718.60M 733.40M 285.00M 311.20M 285.90M 324.40M 335.40M 356.50M 216.90M 412.20M 445.90M 461.60M 455.90M 533.70M 606.60M 565.60M 545.60M 504.20M 527.80M 520.50M 457.20M 381.60M 332.60M 313.30M 244.40M 234.20M 211.20M
Goodwill 809.60M 809.60M 809.60M 804.70M 804.20M 803.20M 803.20M 796.70M 794.10M 968.50M 964.70M 975.10M 934.40M 912.40M 912.30M 793.30M 1,043.90M 512.10M 513.20M 0.00M 368.70M 368.80M 8.40M 9.70M 15.10M 20.50M 12.50M
Intangible Assets 793.40M 798.30M 448.20M 1,217.20M 1,274.90M 1,400.00M 1,467.60M 1,587.10M 1,577.80M 2,134.50M 2,479.80M 2,911.00M 3,217.80M 2,515.60M 2,989.30M 3,636.30M 2,878.30M 3,050.90M 2,920.40M 3,296.30M 3,016.20M 2,542.00M 2,629.90M 2,464.00M 0.00M 2,057.20M 1,990.40M
Long-Term Investments 938.50M 949.60M 924.60M 989.90M 1,001.60M 1,245.80M 1,153.90M 1,107.60M 573.10M 118.10M 69.70M 78.50M 45.20M 433.00M 509.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -101.40M 0.00M 0.00M 0.00M 0.00M
Tax Assets 266.00M 0.00M 281.10M 327.20M 357.60M 407.10M 475.10M 476.20M 520.10M 512.70M 518.30M 409.40M 471.70M 538.70M 565.90M 464.70M 497.90M 506.20M 416.30M 335.50M 324.60M 281.40M 101.40M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets -266.00M 0.00M 728.30M 12.80M -0.30M 22.50M 68.80M -2.50M 2.90M -0.80M 39.40M 27.70M 37.20M 36.70M 19.20M 633.90M 640.90M 233.90M 361.60M 555.10M 95.30M 236.70M 174.80M 154.30M 2,498.70M 704.80M 602.90M
Other Assets 0.00M 0.00M 0.00M -0.80M -0.10M 0.10M -0.10M -0.20M 0.00M 0.00M -0.10M -0.10M -0.10M -0.20M 0.10M 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 3,260.10M 3,290.90M 3,476.80M 3,662.20M 3,723.80M 4,203.10M 4,303.90M 4,321.40M 3,684.90M 4,145.20M 4,517.70M 4,863.20M 5,162.10M 4,969.90M 5,602.50M 6,093.80M 5,606.60M 4,807.30M 4,739.30M 4,707.40M 4,262.00M 3,810.50M 3,145.70M 2,941.30M 2,758.20M 3,016.70M 2,817.00M
Total Assets 3,486.40M 3,418.00M 4,743.80M 4,952.90M 6,318.20M 5,592.90M 5,903.50M 5,731.70M 5,379.50M 5,861.80M 7,870.50M 7,200.90M 9,281.20M 7,488.60M 8,172.70M 7,548.30M 8,571.60M 6,237.80M 6,253.10M 6,359.40M 7,571.80M 6,882.90M 4,986.10M 5,874.00M 4,343.90M 4,224.80M 4,077.40M
Accounts Payable 583.40M 0.00M 542.70M 544.70M 194.40M 148.80M 189.40M 643.10M 641.80M 1,084.20M 1,686.20M 2,309.80M 2,538.70M 1,140.40M 1,498.00M 1,860.80M 1,421.50M 1,497.10M 1,300.30M 1,320.60M 1,259.50M 1,226.30M 733.50M 566.30M 575.30M 0.00M 0.00M
Short-Term Debt 122.30M 0.00M 473.70M 275.10M 337.60M 413.90M 494.10M 617.30M 412.00M 274.20M 530.60M 159.30M 279.60M 374.50M 733.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 164.80M 403.80M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 11.80M 49.50M 67.90M 44.50M 57.30M 41.30M 38.50M 51.60M 45.50M 77.50M 101.80M 119.70M 8.80M 7.50M 2.50M 69.40M 104.70M 80.70M 73.50M 61.90M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 7.90M 0.00M 11.70M 0.40M 336.30M 6.00M 5.30M 7.50M 11.10M 21.40M 23.60M 0.00M 0.00M 0.00M 0.00M 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 301.70M 0.00M 309.40M 390.60M 26.40M 429.70M 459.80M 177.70M 365.20M 396.30M 294.20M 180.80M 238.70M 232.40M 408.80M 1,033.50M 1,129.10M 1,204.90M 1,018.80M 864.10M 1,179.20M 1,025.90M 64.50M -50.80M -623.80M -1,596.90M -1,513.80M
Total Current Liabilities 1,015.30M 0.00M 1,337.50M 1,222.60M 944.20M 1,066.30M 1,193.10M 1,502.90M 1,471.40M 1,814.60M 2,586.20M 2,695.40M 3,134.50M 1,849.10M 2,759.60M 2,903.10M 2,558.10M 2,704.50M 2,388.50M 2,289.40M 2,519.40M 2,325.70M 1,024.70M 919.30M -48.50M -1,596.90M -1,513.80M
Long-Term Debt 455.70M 460.90M 285.30M 706.20M 998.10M 683.40M 929.90M 874.40M 744.20M 1,323.50M 997.40M 1,102.30M 1,092.20M 1,319.30M 1,210.20M 1,203.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 243.10M 304.20M 0.00M 0.00M 0.00M
Capital Lease Obligations 117.60M 0.00M 104.20M 112.00M 88.80M 99.30M 111.00M 132.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 90.60M 0.00M 88.90M 84.80M 91.30M 105.70M 95.70M 89.80M 86.50M 133.20M 117.50M 68.90M 67.70M 66.10M 67.80M 33.50M 62.00M 60.60M 67.80M 164.10M 177.30M 118.30M 0.00M 655.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 79.00M 46.80M 78.70M 79.00M 115.00M 172.60M 243.40M 0.00M 132.00M 283.60M 312.40M 154.80M 220.70M 38.40M 210.00M 171.00M 1,244.10M 998.00M 1,157.30M 1,132.90M 699.00M 423.80M 538.50M 477.80M 1,692.30M 1,889.00M 1,707.30M
Total Non-Current Liabilities 742.90M 507.70M 557.10M 982.00M 1,293.20M 1,061.00M 1,380.00M 1,096.20M 962.70M 1,740.30M 1,427.30M 1,326.00M 1,380.60M 1,423.80M 1,488.00M 1,407.60M 1,306.10M 1,058.60M 1,225.10M 1,297.00M 876.30M 542.10M 781.60M 1,437.00M 1,692.30M 1,889.00M 1,707.30M
Total Liabilities 1,758.20M 507.70M 1,894.60M 2,204.60M 2,237.40M 2,127.30M 2,573.10M 2,599.10M 2,434.10M 3,554.90M 4,013.50M 4,021.40M 4,515.10M 3,272.90M 4,247.60M 4,310.70M 3,864.20M 3,763.10M 3,613.60M 3,586.40M 3,395.70M 2,867.80M 1,806.30M 2,356.30M 1,643.80M 292.10M 193.50M
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
Common Stock 2,819.00M 2,906.20M 161.70M 161.70M 800.30M 777.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 614.20M 610.00M
Retained Earnings 1,723.00M 0.00M 1,754.00M 1,816.30M 2,008.80M 2,017.60M 1,658.00M 1,530.40M 1,369.60M 689.80M 656.90M 1,006.10M 1,098.60M 1,156.30M 1,143.60M 1,542.80M 1,525.00M 1,423.10M 1,577.10M 1,607.40M 1,612.50M 1,601.30M 1,335.00M 1,010.00M 899.30M 0.00M 0.00M
Accumulated OCI 121.80M 0.00M 140.50M 99.50M -174.50M 59.60M 510.60M 459.40M 562.10M 754.10M 818.00M 815.20M 628.70M 368.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 1.80M 4.10M 3.90M 4.90M 225.70M 568.50M 497.30M 412.50M 443.70M 465.90M 588.20M 653.80M 722.70M 857.80M 843.20M 817.40M 817.30M 206.50M 273.40M 300.70M 299.20M 285.10M 224.50M 240.90M 1.50M 1.60M 1.70M
Total Shareholders’ Equity 4,663.80M 2,906.20M 2,056.20M 2,077.50M 2,634.60M 2,854.40M 2,782.80M 2,604.00M 2,545.90M 2,058.10M 2,089.10M 2,435.50M 2,341.50M 2,138.60M 1,757.80M 2,157.00M 2,139.20M 2,037.30M 2,191.30M 2,221.60M 2,226.70M 2,215.50M 1,949.20M 1,624.20M 1,513.50M 614.20M 610.00M
Total Equity 4,665.60M 2,910.30M 2,060.10M 2,082.40M 2,860.30M 3,422.90M 3,280.10M 3,016.50M 2,989.60M 2,524.00M 2,677.30M 3,089.30M 3,064.20M 2,996.40M 2,601.00M 2,974.40M 2,956.50M 2,243.80M 2,464.70M 2,522.30M 2,525.90M 2,500.60M 2,173.70M 1,865.10M 1,515.00M 615.80M 611.70M
Total Liabilities & Equity 6,423.80M 3,418.00M 3,954.70M 4,287.00M 5,097.70M 5,550.20M 5,853.20M 5,615.60M 5,423.70M 6,078.90M 6,690.80M 7,110.70M 7,579.30M 6,269.30M 6,848.60M 7,285.10M 6,820.70M 6,006.90M 6,078.30M 6,108.70M 5,921.60M 5,368.40M 3,980.00M 4,221.40M 3,158.80M 907.90M 805.20M
Tangible Assets 1,883.40M 1,810.10M 3,486.00M 2,931.00M 4,239.10M 3,389.70M 3,632.70M 3,347.90M 3,007.60M 2,758.80M 4,426.00M 3,314.80M 5,129.00M 4,060.60M 4,271.10M 3,118.70M 4,649.40M 2,674.80M 2,819.50M 3,063.10M 4,186.90M 3,972.10M 2,347.80M 3,400.30M 4,328.80M 2,147.10M 2,074.50M
Tangible Equity 3,062.60M 1,302.40M 802.30M 60.50M 781.20M 1,219.70M 1,009.30M 632.70M 617.70M -579.00M -767.20M -796.80M -1,088.00M -431.60M -1,300.60M -1,455.20M -965.70M -1,319.20M -968.90M -774.00M -859.00M -410.20M -464.60M -608.60M 1,499.90M -1,461.90M -1,391.20M
Tangible Book Value 3,062.60M 1,302.40M 802.30M 60.50M 781.20M 1,219.70M 1,009.30M 632.70M 617.70M -579.00M -767.20M -796.80M -1,088.00M -431.60M -1,300.60M -1,455.20M -965.70M -1,319.20M -968.90M -774.00M -859.00M -410.20M -464.60M -608.60M 1,499.90M -1,461.90M -1,391.20M
Total Investments 938.50M 949.60M 937.90M 989.90M 1,001.60M 1,245.80M 1,153.80M 1,107.60M 573.10M 118.10M 79.50M 88.70M 54.20M 438.50M 513.90M 633.90M 640.90M 233.90M 361.60M 555.10M 93.90M 218.80M 135.00M 130.00M 194.90M 215.50M 228.30M
Net Debt 506.80M 460.90M 626.50M 806.00M 813.20M 781.70M 976.10M 1,246.60M 766.40M 1,425.00M 1,199.30M 910.00M 914.50M 1,496.20M 1,721.50M 1,089.20M -182.40M -100.00M -139.60M -157.00M -447.40M -498.10M 158.00M 421.80M -203.80M -101.00M -243.10M

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
Working Capital -808.2M 127.1M -64.0M 174.9M 446.6M 70.5M 222.3M -192.9M 133.9M -155.6M -672.0M -589.5M -803.7M -440.8M -1,149.4M -1,390.5M -865.5M -1,210.4M -758.4M -552.0M -452.4M -389.4M 681.1M 684.1M 1,401.3M 1,225.3M 1,277.8M
Total Capital 3,514.6M 3,367.1M 3,731.9M 3,962.4M 4,076.0M 3,857.9M 4,203.0M 4,101.6M 3,568.6M 3,514.4M 3,475.7M 3,555.5M 3,693.6M 3,813.7M 4,065.2M 2,478.3M 2,617.7M 2,331.8M 2,482.4M 2,557.7M 2,634.1M 2,308.8M 3,228.5M 3,058.7M 2,465.7M 2,351.4M 2,385.8M
Capital Employed 2,451.9M 3,418.0M 3,412.8M 3,838.6M 4,170.4M 4,273.6M 4,526.2M 4,128.5M 3,818.8M 3,989.6M 3,845.7M 4,273.7M 4,358.4M 4,529.1M 4,453.1M 4,703.3M 4,741.1M 3,596.9M 3,980.9M 4,155.4M 3,809.6M 3,421.1M 3,826.8M 3,625.4M 4,159.5M 4,242.0M 4,094.8M
Invested Capital 3,443.4M 3,367.1M 3,599.4M 3,787.1M 3,553.5M 3,542.3M 3,755.1M 3,856.5M 3,178.8M 3,341.7M 3,147.0M 3,203.9M 3,236.3M 3,616.1M 3,843.4M 2,364.4M 2,435.3M 2,231.8M 2,342.8M 2,400.7M 2,186.7M 1,810.7M 2,978.6M 2,772.5M 2,261.9M 2,250.4M 2,142.7M

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
Net Income 155.00M 297.90M 138.00M 209.30M 280.10M 418.00M 269.70M 354.60M 73.70M 316.50M -189.20M 231.40M 248.80M 246.30M -235.40M 538.70M 632.20M 477.60M 775.70M 1,133.60M 1,036.90M 747.60M 500.20M 369.70M 362.00M 248.40M 423.40M
Depreciation & Amortization 103.40M 547.60M 434.30M 479.90M 523.50M 481.20M 566.70M 582.70M 992.40M 1,096.10M 1,361.10M 1,134.40M 1,083.60M 1,058.00M 1,504.90M 1,287.70M 1,174.00M 1,180.60M 1,160.10M 1,017.00M 885.70M 808.70M 958.60M 1,090.60M 778.90M 784.10M 676.40M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -3.50M -4.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 3.50M 4.90M 3.50M 3.40M 2.10M 0.70M 0.00M 0.40M 0.00M 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 517.10M 338.40M 48.90M 5.50M 27.70M 121.40M -24.20M 79.10M 110.90M -57.40M 173.60M 225.70M 97.30M 35.90M 6.40M -74.70M 82.20M 22.40M 351.10M 16.00M 16.60M 82.70M 153.90M -354.10M -141.70M -253.90M -165.10M
Accounts Receivable -62.70M -202.30M -20.90M -26.60M 46.90M 30.80M 36.90M 27.90M 80.20M -143.80M 356.70M 105.00M 38.30M 25.80M 0.00M 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 -9.60M 16.70M -10.40M -4.80M 1.50M
Accounts Payable 87.80M 60.70M 89.80M 15.60M 14.20M 31.60M -43.90M 115.00M 57.10M 133.40M -160.10M 239.80M 0.00M 0.00M 0.00M 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 492.00M 480.00M -20.00M 16.50M -33.40M 59.00M -17.20M -63.80M -26.40M -35.10M -23.10M -119.10M -69.20M -81.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 163.50M -370.80M -131.30M -249.10M -166.60M
Other Non-Cash Items 434.20M -50.10M 193.80M 74.30M -56.30M -29.10M 9.00M -60.30M 64.70M -29.60M 81.50M -53.50M -70.20M -66.20M 18.10M -141.70M -60.30M -111.50M -204.90M -305.60M -420.60M -8.40M 155.50M 91.00M -778.90M -778.60M -934.70M
Net Cash from Operating Activities 1,209.70M 1,133.80M 815.00M 769.00M 775.00M 991.50M 821.20M 956.10M 1,241.70M 1,325.60M 1,427.00M 1,538.00M 1,359.50M 1,274.00M 1,294.00M 1,610.00M 1,828.10M 1,569.10M 2,082.00M 1,861.00M 1,518.60M 1,630.60M 1,768.20M 1,197.20M 220.30M -5.50M 258.30M
Capital Expenditures (PPE) -694.40M -563.30M -455.30M -47.10M -413.60M -496.50M -491.60M -598.60M -643.10M -660.20M -725.10M -741.90M -1,705.10M -549.50M -801.90M -1,796.90M -932.70M -1,377.60M -1,122.60M -953.20M -1,487.20M -1,006.70M -256.50M -120.00M -727.60M -886.50M -689.40M
Acquisitions (Net) -3.10M -5.80M 9.00M 0.00M -0.60M -4.00M -8.20M -52.20M 179.50M -49.70M -87.00M -14.80M 255.60M -1.80M -46.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -20.20M -3.30M -28.00M 0.00M -36.70M -84.20M -73.90M -539.50M -465.60M -16.80M -23.40M -1.10M 4.30M -0.10M 131.70M -34.50M -951.60M -33.10M -250.00M -758.60M -11.80M -7.40M -33.00M -9.40M 0.00M 0.00M 0.00M
Sales / Maturities of Investments -0.40M 0.00M 0.00M 0.00M 36.70M 84.20M 73.90M 0.00M 5.40M 15.60M 5.40M 55.40M 375.30M 1.10M 153.10M 496.20M 2.00M 145.90M 0.00M 20.20M 431.80M 86.70M 0.90M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -23.20M 90.80M 42.90M -463.40M 26.30M 85.10M -20.40M -73.00M -280.40M -484.40M -638.60M -460.70M 643.40M -439.00M -297.10M 24.70M 23.50M 44.40M -138.60M -124.80M 56.90M -93.80M -827.90M -705.70M -121.70M 886.50M 689.40M
Net Cash from Investing Activities -741.30M -481.60M -431.40M -510.50M -387.90M -415.40M -520.20M -1,263.30M -738.60M -1,195.50M -1,468.70M -1,163.10M -426.50M -989.30M -860.70M -1,310.50M -1,858.80M -1,220.40M -1,511.20M -1,816.40M -1,010.30M -1,021.20M -1,116.50M -835.10M -849.30M -886.50M -689.40M
Net Debt Issuance -210.10M -382.50M -231.90M -332.30M 215.30M -350.80M -62.70M 351.10M -156.90M 4.30M 267.90M -121.90M -328.20M -250.80M -132.40M 152.90M 174.00M 182.80M 124.10M 363.00M 80.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M -203.10M 0.00M -332.30M 215.30M -350.80M -62.70M 351.10M -156.90M 4.30M 267.90M -121.90M -328.20M -250.80M -132.20M 152.90M 174.00M 182.80M 124.10M 363.00M 80.10M 572.50M -301.70M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance -210.10M -179.40M -231.90M 0.00M -23.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.20M 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 0.00M 0.00M 0.00M 0.00M -32.60M -5.90M -0.60M -94.60M 0.00M -100.80M -107.00M -238.60M -307.50M 0.00M 0.00M 0.00M 0.00M -2.90M -1.30M -33.40M 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 0.00M 0.00M 0.00M 0.00M 0.00M 20.20M 0.00M 0.00M 0.00M 0.00M 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 Repurchased 0.00M 0.00M 0.00M 0.00M -32.60M -5.90M -0.60M -94.60M 0.00M -100.80M -107.00M -238.60M -307.50M 0.00M 0.00M 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 -20.20M 0.00M 0.00M 0.00M 0.00M 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 -432.20M -278.60M -140.00M -140.10M -133.90M -342.10M 0.00M -46.60M -95.50M -175.60M -106.00M -66.90M 0.00M -4.10M -145.60M -478.80M -289.90M -534.60M -644.60M -644.70M -655.40M -534.80M -391.30M -264.30M 0.00M -283.20M -216.20M
Common Dividends Paid -432.20M -278.60M -140.00M -140.10M -133.90M -342.10M 0.00M -46.60M -95.50M -87.50M -106.00M -66.90M 0.00M -4.10M -145.60M -478.80M -289.90M -534.60M -644.60M -644.70M -489.30M -534.80M -391.30M -264.30M -247.80M -283.20M -216.20M
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 -166.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 170.80M 70.40M -54.30M -133.30M -229.00M -9.60M -34.90M -47.30M -33.60M -121.90M -36.00M -53.20M -37.60M -54.10M -47.40M -42.10M 243.40M -33.60M -66.40M -19.90M 15.90M 129.80M -288.00M -126.30M 0.00M 283.20M 0.00M
Net Cash from Financing Activities -471.50M -590.70M -426.20M -605.70M -180.20M -708.40M -98.20M 162.60M -286.00M -286.10M 18.90M -480.60M -673.40M -309.00M -325.40M -368.00M 113.10M -388.30M -588.20M -335.00M -559.10M -405.00M -391.30M -390.60M 0.00M -283.20M -216.20M
Effect of FX on Cash -0.10M -1,194.90M -0.20M 0.00M 0.00M 0.00M 0.00M -0.10M 0.00M -0.10M 0.00M 0.00M 0.10M 0.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.90M 0.00M 0.00M 802.10M 597.10M
Net Change in Cash -159.00M -474.80M -42.80M -347.20M 206.90M -132.30M 202.80M -144.70M 217.10M -156.10M -22.80M -105.70M 259.70M -24.20M 107.90M -68.50M 82.40M -39.60M -17.40M -290.40M -50.80M 204.40M 261.30M -28.50M 77.00M -373.10M -50.20M
Cash at Beginning of Period -816.80M -674.10M 175.30M 522.50M 315.60M 447.90M 245.10M 389.80M 172.70M 328.80M 351.60M 457.30M 197.60M 221.80M 113.90M 182.40M 100.00M 139.60M 157.00M 447.40M 498.20M 293.70M -199.30M -170.80M -247.80M 125.30M 175.50M
Cash at End of Period -975.80M -1,148.90M 132.50M 175.30M 522.50M 315.60M 447.90M 245.10M 389.80M 172.70M 328.80M 351.60M 457.30M 197.60M 221.80M 113.90M 182.40M 100.00M 139.60M 157.00M 447.40M 498.10M 62.00M -199.30M -170.80M -247.80M 125.30M
Operating Cash Flow 1,209.70M 739.50M 822.70M 769.00M 775.00M 991.50M 821.20M 956.10M 1,241.70M 1,325.60M 1,427.00M 1,538.00M 1,359.50M 1,274.00M 1,294.00M 1,610.00M 1,828.10M 1,569.10M 2,082.00M 1,861.00M 1,518.60M 1,630.60M 1,768.20M 1,197.20M 220.30M -5.50M 258.30M
Capital Expenditure -528.20M -778.20M -45.00M -47.10M -413.60M -496.50M -491.60M -598.60M -643.10M -660.20M -725.10M -741.90M -1,705.10M -549.50M -801.90M -1,796.90M -932.70M -1,377.60M -1,122.60M -953.20M -1,487.20M -1,006.70M -256.50M -120.00M -727.60M -886.50M -689.40M
Free Cash Flow 681.50M -38.70M 777.70M 721.90M 361.40M 495.00M 329.60M 357.50M 598.60M 665.40M 701.90M 796.10M -345.60M 724.50M 492.10M -186.90M 895.40M 191.50M 959.40M 907.80M 31.40M 623.90M 1,511.70M 1,077.20M -507.30M -892.00M -431.10M

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
EBITDA 1,050.70M 835.80M 751.60M 962.00M 1,107.40M 873.40M 829.60M 1,940.60M 2,453.30M 2,668.50M 2,826.10M 2,737.20M 2,916.20M 2,841.60M 3,360.40M 3,639.50M 3,667.10M 3,486.40M 3,756.90M 3,595.80M 3,223.00M 3,259.40M 3,256.80M 3,434.40M 1,337.40M 3,043.30M 2,945.70M
(-) Tax Adjustment 256.56M 193.35M 263.06M 216.34M 204.27M 158.20M 193.25M 477.40M 739.82M 734.17M 493.15M 958.02M 1,020.67M 994.56M 439.63M 1,273.83M 1,283.49M 1,107.97M 715.60M 1,258.53M 1,128.05M 1,140.79M 1,139.88M 1,202.04M 363.20M 1,065.16M 1,020.09M
(-) Change In Working Capital 517.10M 338.40M 48.90M 5.50M 27.70M 121.40M -24.20M 79.10M 110.90M -57.40M 173.60M 225.70M 97.30M 35.90M 6.40M -74.70M 82.20M 22.40M 351.10M 16.00M 16.60M 82.70M 153.90M -354.10M -141.70M -253.90M -165.10M
(-) Capital Expenditure -528.20M -778.20M -45.00M -47.10M -413.60M -496.50M -491.60M -598.60M -643.10M -660.20M -725.10M -741.90M -1,705.10M -549.50M -801.90M -1,796.90M -932.70M -1,377.60M -1,122.60M -953.20M -1,487.20M -1,006.70M -256.50M -120.00M -727.60M -886.50M -689.40M
Unlevered Free Cash Flow -251.16M -474.15M 394.64M 693.06M 461.83M 97.30M 168.95M 785.50M 959.48M 1,331.53M 1,434.25M 811.58M 93.13M 1,261.64M 2,112.47M 643.48M 1,368.72M 978.43M 1,567.60M 1,368.07M 591.15M 1,029.21M 1,706.52M 2,466.46M 388.30M 1,345.55M 1,401.32M
(-) Net Interest Income After Taxes -16.78M -26.37M -14.50M -26.43M -21.69M -25.06M -10.43M -23.90M -21.23M -22.18M -46.39M -36.60M -16.06M -31.40M -29.29M -20.61M -16.19M -19.65M -65.00M -33.09M -13.07M 1.24M -62.34M -19.83M 67.52M -59.67M -80.99M
Net Debt Issuance -210.10M -382.50M -231.90M -332.30M 215.30M -350.80M -62.70M 351.10M -156.90M 4.30M 267.90M -121.90M -328.20M -250.80M -132.40M 152.90M 174.00M 182.80M 124.10M 363.00M 80.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow -444.48M -830.28M 177.24M 387.19M 698.82M -228.44M 116.68M 1,160.50M 823.81M 1,358.01M 1,748.54M 726.28M -219.02M 1,042.24M 2,009.36M 816.98M 1,558.90M 1,180.88M 1,756.70M 1,764.16M 684.32M 1,027.98M 1,768.86M 2,486.29M 320.77M 1,405.22M 1,482.31M