Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Putnam Municipal Opportunities Trust

Ticker: PMO | Industry: Asset Management | Sector: Financial Services
$10.46 -0.01 (-0.10%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric MRQ MRQ-1 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Stock Price 9.94 10.49 10.11 9.45 10.52 13.64 12.20 12.62 11.26 12.36 12.78 12.13 11.73 11.82
Market Capitalization 278.90M 323.03M 312.47M 317.41M 357.60M 273.39M 240.28M 224.09M 0.41M 0.47M 0.49M 0.47M 0.48M 0.50M
(-) Cash & Equivalents 0.07M 0.00M 0.00M 0.00M 0.30M 0.06M 0.07M 2.61M 14.25M 0.27M 3.21M 0.81M 0.52M 0.82M
(+) Total Debt 10.21M 13.29M 10.43M 19.08M 53.34M 57.62M 50.47M 49.39M 57.54M 57.35M 41.83M 41.81M 41.80M 41.77M
Enterprise Value 289.03M 336.32M 322.90M 336.49M 410.64M 330.95M 290.68M 270.87M 43.70M 57.55M 39.10M 41.47M 41.77M 41.45M

Income Statement

Metric TTM TTM-1 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30 2018-04-30 2017-04-30 2016-04-30 2015-04-30 2014-04-30 2013-04-30
Revenue 26M 11M 11M 19M 11M 20M 21M 23M 35M 20M 32M 34M 35M 36M 37M
Cost of Revenue 3M 3M 0M 0M 1M 0M 0M 0M 8M 0M 5M 5M 5M 5M 0M
Gross Profit 23M 8M 11M 19M 9M 20M 21M 23M 27M 20M 27M 29M 30M 31M 37M
Gross Profit Margin 89.1% 74.4% 96.2% 100.0% 87.3% 100.0% 100.0% 100.0% 77.5% 100.0% 84.8% 86.2% 86.3% 86.9% 100.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses -11M 0M 1M 0M 0M 4M 4M 4M 0M 1M 5M 5M 5M 5M 5M
Operating Expenses 0M 0M 0M 0M 0M 4M 4M 4M 1M 1M 32M 7M 17M 44M 19M
Operating Income (EBIT) 23M 8M 11M 19M 9M 16M 17M 19M 26M 19M -5M 22M 13M -13M 18M
Operating Income Margin 88.6% 74.0% 95.7% 99.6% 84.2% 78.8% 80.4% 83.2% 75.5% 94.8% -15.8% 64.1% 37.2% -36.8% 49.2%
Interest Income 53M 1M 21M 22M 21M 0M 21M 1M 27M 30M 0M 0M 0M 0M 0M
Interest Expense 0M 1M 0M 1M 1M 0M 0M 0M 1M 1M 0M 12M 22M 0M 0M
Net Interest Income 52M -1M 21M 21M 20M 0M 20M 1M 26M 29M 0M -12M -22M 0M 0M
Unusual Items -45M 4M -21M -21M -18M -73M 39M -21M -18M -29M 5M 31M 60M 5M 37M
EBT Excluding Unusual Items 75M 7M 32M 40M 29M 15M 37M 20M 52M 48M -5M 9M -9M -13M 18M
Pre-Tax Income 30M 11M 11M 19M 11M -58M 76M -1M 34M 19M 0M 41M 51M -9M 55M
Pre-Tax Margin 114.5% 98.3% 95.7% 99.6% 98.3% -290.4% 366.8% -3.8% 98.0% 94.8% -1.4% 121.3% 148.5% -24.4% 150.0%
Income Tax Expense 0M 0M 0M 0M 0M 0M 0M 0M 0M 25M 0M 0M 0M 0M 0M
Net Income 30M 11M 11M 19M 11M -58M 76M -1M 34M 19M -2M 40M 51M -9M 55M
Net Income Margin 114.5% 98.3% 95.7% 99.6% 98.3% -290.4% 366.8% -3.8% 98.0% 94.8% -7.0% 119.9% 147.9% -25.0% 148.8%
Depreciation & Amortization 19M 0M 0M 0M -18M -16M -17M -19M -23M -25M -27M -29M -30M -31M -32M
EBITDA 42M 8M 11M 19M -9M 0M 0M 0M 3M -6M -32M -7M -17M -44M -14M
EBITDA Margin 161.8% 74.0% 95.7% 99.6% -82.9% 0.0% 0.0% 0.0% 9.5% -31.6% -99.6% -21.8% -48.8% -123.2% -37.0%
NOPAT 23M 8M 11M 19M 9M 12M 17M 15M 26M -6M -4M 22M 13M -10M 18M
NOPAT Margin 88.6% 74.0% 95.7% 99.6% 84.2% 62.2% 80.4% 65.7% 75.5% -31.6% -12.5% 64.1% 37.2% -29.1% 49.2%
Owner's Earnings 49M 11M 11M 19M -7M -73M 60M -20M 11M -6M -29M 11M 21M -40M 23M
Owner's Earnings Margin 187.8% 98.2% 95.7% 99.6% -68.7% -369.2% 286.4% -86.9% 32.0% -31.6% -90.7% 33.9% 62.0% -111.4% 62.7%
EPS (Basic) 0.48 -1.50 0.11 0.33 0.16 -1.70 2.23 -0.14 0.99 0.58 -0.06 1.06 1.31 -0.22 1.28
EPS (Diluted) 0.96 0.31 0.38 0.59 0.32 -1.70 2.24 -0.03 0.99 0.58 -0.06 1.06 1.31 -0.22 1.28
Shares (Basic) 31M 34M 28M 32M 34M 34M 34M 6M 34M 33M 38M 38M 39M 41M 43M
Shares (Diluted) 31M 34M 28M 32M 34M 34M 34M 34M 34M 33M 38M 38M 39M 41M 43M

Balance Sheet

Metric MRQ MRQ-1 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30 2018-04-30 2017-04-30 2016-04-30 2015-04-30 2014-04-30 2013-04-30
Cash & Cash Equivalents 0.07M 0.00M 0.07M 0.00M 0.00M 0.61M 0.01M 0.15M 0.07M 26.55M 0.44M 0.03M 1.63M 0.00M 0.19M
Short-Term Investments 0.00M 5.12M 0.00M 0.12M -34.30M 0.00M 0.00M 1.57M 0.14M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 0.07M 5.12M 0.07M 0.12M -34.30M 0.61M 0.01M 1.72M 0.20M 26.55M 0.44M 0.03M 1.63M 0.00M 0.19M
Net Receivables 6.40M 6.64M 6.40M 9.18M 7.43M 20.82M 9.07M 9.13M 9.01M 9.30M 20.26M 10.92M 12.28M 10.77M 11.78M
Inventory 0.00M 0.00M 0.00M 0.00M 57.68M 36.87M 0.00M -1.57M -0.14M -0.03M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets 0.00M -5.10M 0.00M -0.10M -23.35M -35.72M 0.01M 1.57M 0.00M 0.03M 0.03M 0.00M 0.05M 0.00M 0.00M
Total Current Assets 6.47M 6.66M 6.47M 9.20M 7.46M 22.57M 9.09M 10.85M 9.08M 35.85M 20.73M 10.95M 13.95M 10.77M 11.97M
Property, Plant & Equipment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 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
Long-Term Investments 0.00M 468.05M 451.03M 488.85M 541.92M 618.31M 672.59M 616.41M 659.84M 648.92M 612.10M 647.98M 639.39M 645.79M 697.81M
Tax 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
Other Non-Current Assets 451.03M 20.78M 0.00M 0.00M -34.30M -57.25M -97.01M -70.92M -96.59M -648.92M 90.14M 93.50M 93.37M 92.12M 95.78M
Other Assets 457.56M 0.00M 457.56M 498.05M 34.30M 56.10M 97.00M 69.35M 96.46M 0.03M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 908.59M 488.83M 908.59M 986.91M 541.92M 617.16M 672.57M 614.84M 659.71M 0.03M 702.24M 741.48M 732.76M 737.91M 793.59M
Total Assets 915.06M 495.49M 915.06M 996.11M 549.39M 639.74M 681.66M 625.68M 668.78M 35.88M 722.97M 752.43M 746.71M 748.68M 805.57M
Accounts Payable 1.24M 0.00M 1.24M 3.89M 5.46M 23.60M 8.09M 13.34M 1.20M 6.70M 3.52M 4.98M 0.15M 0.30M 0.46M
Short-Term Debt 10.21M 13.29M 10.21M 7.58M 21.41M 56.10M 57.64M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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
Deferred Revenue 0.00M 0.00M 0.00M 3.69M -21.41M -56.10M -49.55M -30.01M -62.19M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities -10.21M -9.54M -10.21M -12.07M 0.48M 2.76M -0.06M 28.72M 7.90M -7.84M 2.35M 2.27M 2.18M 2.45M 2.40M
Total Current Liabilities 1.24M 3.75M 1.24M 3.09M 5.95M 26.36M 16.12M 12.04M -53.08M -1.14M 5.87M 7.25M 2.33M 2.75M 2.86M
Long-Term Debt 10.21M 13.29M 10.21M 7.58M 21.41M 56.10M 57.64M 0.00M 0.00M 0.00M 41.79M 41.82M 41.82M 41.79M 41.85M
Capital Lease Obligations 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 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 Liabilities 0.91M 1.45M 0.91M 0.91M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.15M 0.10M 0.00M
Total Non-Current Liabilities 11.11M 14.73M 11.11M 8.49M 21.41M 56.10M 57.64M 0.00M 0.00M 0.00M 41.79M 41.82M 41.97M 41.89M 41.85M
Total Liabilities 12.35M 18.48M 12.35M 11.58M 27.36M 82.46M 73.75M 12.04M -53.08M -1.14M 47.66M 49.06M 44.30M 44.64M 44.71M
Preferred Stock 138.73M 138.73M 138.73M 138.73M 138.73M 138.73M 138.73M 138.73M 138.73M 138.73M 178.88M 178.86M 178.85M 178.85M 178.86M
Common Stock 343.73M 362.73M 343.73M 377.97M 409.77M 414.46M 416.01M 416.01M 419.90M 451.96M 457.93M 470.01M 482.83M 508.43M 527.28M
Retained Earnings -37.24M -24.45M -37.24M -31.02M -32.35M -19.63M 59.95M 10.10M 36.69M 0.91M 36.60M 53.01M 39.27M 15.30M 53.36M
Accumulated OCI 0.00M 0.00M 0.00M 0.00M 377.42M 394.83M 475.97M 426.11M 456.59M 138.73M 0.00M 0.00M 0.00M 0.00M 0.00M
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
Total Shareholders’ Equity 445.22M 477.01M 445.22M 485.67M 893.56M 928.39M 1,090.66M 990.94M 1,051.90M 730.32M 673.40M 701.88M 700.95M 702.57M 759.50M
Total Equity 445.22M 477.01M 445.22M 485.67M 893.56M 928.39M 1,090.66M 990.94M 1,051.90M 730.32M 673.40M 701.88M 700.95M 702.57M 759.50M
Total Liabilities & Equity 457.56M 495.49M 457.56M 497.25M 920.92M 1,010.85M 1,164.41M 1,002.99M 998.82M 729.19M 721.07M 750.95M 745.26M 747.21M 804.21M
Tangible Assets 915.06M 495.49M 915.06M 996.11M 549.39M 639.74M 681.66M 625.68M 668.78M 35.88M 722.97M 752.43M 746.71M 748.68M 805.57M
Tangible Equity 445.22M 477.01M 445.22M 485.67M 893.56M 928.39M 1,090.66M 990.94M 1,051.90M 730.32M 673.40M 701.88M 700.95M 702.57M 759.50M
Tangible Book Value 445.22M 477.01M 445.22M 485.67M 893.56M 928.39M 1,090.66M 990.94M 1,051.90M 730.32M 673.40M 701.88M 700.95M 702.57M 759.50M
Total Investments 0.00M 473.17M 451.03M 488.85M 557.84M 618.31M 672.59M 616.41M 563.38M 648.92M 612.10M 647.98M 639.39M 645.79M 697.81M
Net Debt 20.34M 26.57M 20.34M 15.16M 42.83M 111.59M 115.27M -0.15M -0.07M -26.55M 41.35M 41.78M 40.19M 41.79M 41.66M

Capital Metrics

Metric MRQ MRQ-1 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30 2018-04-30 2017-04-30 2016-04-30 2015-04-30 2014-04-30 2013-04-30
Working Capital 5.3M 2.9M 5.3M 5.3M -3.9M -27.2M 1.0M -2.5M -2.1M 25.8M 13.0M 2.2M 10.2M 6.6M 7.8M
Total Capital 455.4M 490.3M 455.4M 493.3M 537.6M 589.7M 672.3M 608.2M 657.5M 673.5M 715.2M 743.7M 742.8M 744.4M 801.3M
Capital Employed 456.3M 491.7M 456.3M 494.2M 538.1M 590.0M 673.6M 612.4M 657.6M 674.8M 715.2M 743.7M 742.9M 744.5M 801.3M
Invested Capital 455.4M 490.3M 455.4M 493.3M 537.6M 589.0M 672.3M 608.0M 657.4M 647.0M 714.8M 743.7M 741.1M 744.4M 801.2M

Cash Flow Statement

Metric TTM TTM-1 2025-04-30 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30 2018-04-30 2017-04-30 2016-04-30 2015-04-30 2014-04-30 2013-04-30
Net Income 21.39M 18.82M 10.69M 10.70M -57.56M 76.39M -0.87M 34.05M 18.81M -0.45M 40.78M 51.29M -8.74M 55.34M
Depreciation & Amortization 0.00M 0.00M 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 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
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
Change in Working Capital -22.49M 21.36M 0.00M -22.49M 26.76M -5.40M 0.00M 0.18M 14.77M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Receivable 13.36M -11.66M 0.00M 13.36M -11.72M 0.06M 0.00M 0.29M 10.97M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M -38.45M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable -35.88M 33.07M 0.00M -35.88M 38.45M -5.39M 0.00M 0.26M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.04M -0.04M 0.00M 0.04M 38.48M -0.07M 0.00M -0.37M -0.23M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items 20.81M -1.19M -10.69M 74.49M 55.90M -58.72M 0.87M -10.66M 53.31M 0.45M -40.78M -51.29M 8.74M -55.34M
Net Cash from Operating Activities -2.45M 60.40M 0.00M 62.70M 25.10M 12.28M 0.00M 23.57M 86.89M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Expenditures (PPE) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Acquisitions (Net) 0.00M 0.00M 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 -205.24M -360.78M 0.00M -205.24M -209.69M -151.09M 0.00M -263.15M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 253.26M 354.30M 0.00M 253.26M 211.36M 142.94M 0.00M 265.46M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 0.00M 0.00M 0.00M -48.02M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Investing Activities 48.02M -6.48M 0.00M 0.00M 1.67M -8.15M 0.00M 2.31M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt Issuance -34.71M -1.27M 0.00M -34.71M -1.27M 14.15M 0.00M 8.41M 11.86M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance -34.71M -1.27M 0.00M -34.71M -1.27M 14.15M 0.00M 8.41M 11.86M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt 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
Net Stock Issuance -2.56M -1.63M 0.00M -2.56M -1.63M 0.00M 0.00M -32.06M -46.09M 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 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -2.56M -1.63M 0.00M -2.56M -1.63M 0.00M 0.00M -32.06M -10.08M 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 -36.01M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -26.80M -48.58M 0.00M -26.80M -22.01M -26.57M 0.00M -26.40M -26.54M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid -0.01M -15.54M 0.00M -21.66M -21.74M -26.27M 0.00M -22.73M -24.08M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid -26.78M -22.00M 0.00M -5.14M -0.27M -0.29M 0.00M -3.67M -2.46M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 0.69M 0.42M 0.00M 0.69M 0.41M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Financing Activities -63.38M -36.91M 0.00M -63.38M -24.50M -12.42M 0.00M -50.05M -60.77M 0.00M 0.00M 0.00M 0.00M 0.00M
Effect of FX on Cash 25.68M 11.60M 0.00M 0.00M -1.67M 8.15M 0.00M -2.31M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash -0.64M -7.59M 0.00M -0.68M 0.60M -0.14M 0.08M -26.49M 26.12M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash at Beginning of Period 0.61M 8.25M 0.00M 0.61M 0.01M 0.15M 0.07M 26.55M 0.44M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash at End of Period -0.03M 0.66M 0.00M -0.07M 0.61M 0.01M 0.15M 0.07M 26.55M 0.00M 0.00M 0.00M 0.00M 0.00M
Operating Cash Flow -2.45M 60.40M 0.00M 62.70M 25.10M 12.28M 0.00M 23.57M 86.89M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Free Cash Flow -2.45M 60.40M 0.00M 62.70M 25.10M 12.28M 0.00M 23.57M 86.89M 0.00M 0.00M 0.00M 0.00M 0.00M

Free Cash Flow

Metric TTM TTM-1 2025-04-30 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30 2018-04-30 2017-04-30 2016-04-30 2015-04-30 2014-04-30 2013-04-30
EBITDA 29.42M 0.00M 10.18M -9.13M 0.00M 0.00M 0.00M 3.63M -5.86M -4.87M -4.64M -4.72M -4.69M 0.00M
(-) Tax Adjustment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2.05M 0.00M 0.00M 0.00M 0.00M 0.00M
(-) Change In Working Capital -22.49M 26.76M 0.00M -22.49M 26.76M -5.40M 0.00M 0.18M 14.77M 0.00M 0.00M 0.00M 0.00M 0.00M
(-) Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow 51.91M -26.76M 10.18M 13.36M -26.76M 5.40M 0.00M 3.45M -18.57M -4.87M -4.64M -4.72M -4.69M 0.00M
(-) Net Interest Income After Taxes -0.88M 0.00M 20.82M 19.98M -0.40M 20.43M 1.19M 25.75M 18.69M -0.26M -12.14M -21.84M -0.25M 0.28M
Net Debt Issuance -34.71M -1.27M 0.00M -34.71M -1.27M 14.15M 0.00M 8.41M 11.86M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 18.08M -28.03M -10.63M -41.32M -27.63M -0.88M -1.19M -13.89M -25.40M -4.61M 7.51M 17.12M -4.44M -0.28M