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Definitive Analysis

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Page: Company Financials

SJW Group

Ticker: SJW | Industry: Regulated Water | Sector: Utilities
$51.84 -0.52 (-0.99%)
As of: 2025-06-02

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 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 51.84 51.84 52.79 54.51 67.93 67.70 66.39 62.53 65.32 58.68 54.46 43.85 30.50 28.94 27.53 25.00 23.20 24.99 23.39 28.73 35.96 30.24 21.99 17.26 13.98 13.24 13.80 19.03 14.72 10.25 9.12 6.64
Market Capitalization 1,842.56M 1,802.85M 1,830.92M 1,781.47M 2,142.32M 2,052.15M 1,965.91M 1,783.42M 1,857.86M 1,242.61M 1,116.83M 896.33M 620.99M 585.35M 544.82M 465.96M 431.09M 463.10M 432.34M 528.85M 659.21M 552.72M 401.78M 314.22M 274.61M 242.35M 252.23M 347.92M 272.91M 191.42M 172.69M 127.80M
(-) Cash & Equivalents 0.00M 0.00M 7.90M 10.61M 19.90M 13.77M 15.44M 19.27M 319.79M 112.48M 7.92M 11.31M 5.54M 4.28M 2.92M 9.43M 29.38M 2.59M 2.62M 2.28M 3.24M 4.77M 10.96M 8.17M 6.36M 1.62M 2.31M 0.91M 1.10M 2.41M 11.60M 14.30M
(+) Total Debt 18.01M 18.92M 633.22M 1,787.72M 1,684.21M 1,638.91M 1,550.30M 1,500.00M 776.23M 499.80M 441.14M 434.79M 406.49M 387.79M 348.66M 346.54M 339.07M 293.19M 249.66M 233.30M 206.21M 168.67M 145.19M 143.98M 130.82M 119.11M 111.40M 98.00M 93.08M 79.93M 75.38M 77.25M
Enterprise Value 1,860.57M 1,821.77M 2,456.25M 3,558.58M 3,806.62M 3,677.29M 3,500.76M 3,264.15M 2,314.30M 1,629.93M 1,550.04M 1,319.82M 1,021.94M 968.86M 890.56M 803.06M 740.79M 753.70M 679.38M 759.86M 862.18M 716.62M 536.00M 450.03M 399.07M 359.84M 361.32M 445.02M 364.89M 268.94M 236.47M 190.75M

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 804M 722M 748M 670M 621M 574M 565M 420M 398M 389M 340M 305M 320M 277M 262M 239M 216M 216M 220M 207M 189M 180M 167M 150M 146M 136M 123M 117M 106M 110M 103M 97M
Cost of Revenue 149M 376M 323M 282M 264M 255M 248M 196M 187M 174M 142M 126M 137M 134M 121M 92M 77M 84M 56M 56M 50M 49M 47M 42M 45M 41M 34M 32M 27M 28M 26M 24M
Gross Profit 655M 346M 425M 388M 357M 319M 317M 224M 211M 215M 198M 179M 182M 142M 141M 147M 139M 133M 164M 150M 139M 131M 120M 108M 101M 95M 89M 85M 79M 82M 77M 73M
Gross Profit Margin 81.5% 47.9% 56.8% 57.9% 57.5% 55.5% 56.1% 53.3% 52.9% 55.2% 58.3% 58.8% 57.1% 51.5% 53.9% 61.5% 64.5% 61.3% 74.7% 72.8% 73.5% 72.6% 72.0% 71.9% 69.1% 69.6% 72.5% 72.9% 74.2% 74.3% 74.7% 75.2%
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 122M 97M 106M 99M 95M 87M 80M 66M 49M 55M 48M 47M 41M 44M 43M 39M 30M 28M 24M 22M 21M 21M 17M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Operating Expenses 467M 246M 255M 239M 226M 207M 199M 151M 119M 117M 105M 100M 90M 89M 86M 93M 106M 93M 118M 108M 92M 86M 81M 71M 70M 68M 66M 55M 48M 52M 50M 50M
Operating Income (EBIT) 188M 100M 171M 149M 131M 111M 118M 73M 92M 98M 93M 80M 93M 53M 55M 54M 33M 40M 46M 42M 47M 45M 40M 37M 30M 27M 24M 30M 30M 30M 27M 23M
Operating Income Margin 23.4% 13.8% 22.8% 22.3% 21.1% 19.4% 20.8% 17.4% 23.1% 25.2% 27.4% 26.2% 29.1% 19.3% 21.1% 22.8% 15.2% 18.4% 20.9% 20.5% 24.8% 24.9% 23.7% 24.4% 20.7% 20.0% 19.3% 25.7% 28.5% 26.9% 25.9% 23.7%
Interest Income 0M 0M 0M 0M 0M 0M 0M 7M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 72M 71M 71M 66M 58M 54M 54M 32M 24M 23M 22M 22M 21M 20M 20M 20M 16M 16M 15M 13M 0M 0M 9M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Net Interest Income -72M -71M -71M -66M -58M -54M -54M -25M -24M -23M -22M -22M -21M -20M -20M -20M -16M -16M -15M -13M 0M 0M -9M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Unusual Items 9M 70M 4M 8M 9M 12M 6M -16M -19M 21M 15M 3M 5M 3M 3M 1M 20M -9M 3M 3M 7M -8M 1M -7M -6M -7M -6M -5M -4M -4M 1M -4M
EBT Excluding Unusual Items 116M 29M 99M 83M 73M 57M 63M 48M 68M 75M 71M 58M 72M 33M 35M 35M 17M 24M 31M 29M 47M 45M 30M 37M 30M 27M 24M 30M 30M 30M 27M 23M
Pre-Tax Income 124M 100M 103M 91M 82M 69M 70M 32M 49M 96M 86M 61M 77M 37M 38M 35M 37M 15M 35M 32M 54M 37M 31M 29M 24M 20M 18M 25M 26M 25M 28M 19M
Pre-Tax Margin 15.5% 13.8% 13.8% 13.6% 13.3% 12.0% 12.4% 7.6% 12.3% 24.8% 25.4% 20.0% 24.0% 13.2% 14.5% 14.8% 17.0% 7.0% 15.7% 15.4% 28.5% 20.3% 18.8% 19.5% 16.4% 14.9% 14.7% 21.2% 24.2% 23.0% 27.0% 19.8%
Income Tax Expense 15M 10M 9M 6M 8M 8M 8M 8M 10M 35M 34M 23M 25M 14M 16M 15M 8M 17M 13M 13M 15M 15M 12M 11M 10M 7M 7M 9M 10M 10M 9M 8M
Net Income 109M 90M 94M 85M 74M 60M 62M 23M 39M 59M 53M 38M 52M 22M 22M 21M 24M 15M 21M 19M 39M 22M 20M 19M 14M 13M 11M 16M 16M 21M 19M 12M
Net Income Margin 13.6% 12.5% 12.6% 12.7% 11.9% 10.5% 10.9% 5.6% 9.7% 15.2% 15.6% 12.4% 16.2% 8.1% 8.5% 8.7% 11.3% 7.0% 9.7% 9.4% 20.4% 12.1% 11.9% 12.5% 9.8% 9.5% 8.7% 13.6% 15.1% 18.8% 18.1% 11.8%
Depreciation & Amortization 116M 112M 115M 108M 106M 186M 92M 68M 57M 51M 46M 41M 38M 35M 33M 33M 28M 26M 24M 23M 21M 20M 18M 15M 14M 13M 12M 10M 10M 7M 2M 7M
EBITDA 304M 212M 286M 258M 237M 297M 209M 142M 149M 149M 139M 121M 131M 88M 88M 87M 61M 65M 70M 65M 68M 65M 58M 52M 44M 40M 36M 40M 40M 37M 29M 30M
EBITDA Margin 37.9% 29.4% 38.2% 38.4% 38.3% 51.9% 37.1% 33.7% 37.5% 38.2% 41.0% 39.6% 40.9% 31.9% 33.8% 36.5% 28.3% 30.2% 31.8% 31.5% 36.0% 35.8% 34.8% 34.5% 30.4% 29.7% 28.9% 34.5% 37.5% 33.4% 27.8% 30.4%
NOPAT 165M 90M 156M 140M 117M 98M 104M 54M 73M 62M 57M 50M 63M 33M 33M 32M 25M -5M 29M 26M 34M 27M 25M 23M 18M 17M 14M 19M 19M 18M 18M 14M
NOPAT Margin 20.6% 12.5% 20.8% 20.8% 18.9% 17.0% 18.3% 12.8% 18.4% 16.0% 16.8% 16.2% 19.6% 11.8% 12.5% 13.4% 11.7% -2.5% 13.0% 12.4% 17.7% 14.9% 14.9% 15.6% 12.4% 12.7% 11.4% 16.5% 17.7% 16.2% 17.4% 14.1%
Owner's Earnings 118M -151M -172M -98M -64M -7M -62M -91M -53M -43M -46M -32M -14M -40M -51M -18M -56M -23M -26M -32M -12M -10M -4M -28M -9M -22M -11M -6M -13M 4M -1M -1M
Owner's Earnings Margin 14.7% -21.0% -22.9% -14.6% -10.3% -1.2% -11.0% -21.7% -13.2% -11.0% -13.7% -10.4% -4.3% -14.3% -19.6% -7.5% -26.0% -10.8% -11.8% -15.6% -6.3% -5.7% -2.4% -19.0% -6.4% -16.1% -9.1% -5.3% -12.4% 3.4% -0.6% -1.0%
EPS (Basic) 3.16 2.76 2.87 2.69 2.44 2.04 2.16 0.82 1.83 2.89 2.59 1.86 2.56 1.13 1.20 1.12 1.32 0.82 1.17 1.05 2.11 1.20 1.08 1.02 0.13 0.77 0.58 0.87 0.86 0.13 0.16 0.59
EPS (Diluted) 3.17 2.78 2.87 2.68 2.43 2.03 2.14 0.82 1.82 2.86 2.57 1.85 2.54 1.12 1.18 1.11 1.30 0.81 1.15 1.04 2.08 1.19 1.08 1.02 0.78 0.70 0.58 0.85 0.86 1.09 0.98 0.59
Shares (Basic) 34M 32M 33M 32M 30M 30M 29M 28M 21M 21M 20M 20M 20M 20M 19M 19M 19M 18M 18M 18M 18M 18M 18M 18M 18M 18M 18M 18M 19M 19M 19M 19M
Shares (Diluted) 34M 32M 33M 32M 30M 30M 29M 29M 21M 21M 21M 21M 20M 20M 19M 19M 19M 19M 19M 19M 19M 18M 18M 18M 18M 18M 18M 19M 19M 19M 19M 19M

Product Segments

Metric TTM TTM-1 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
All Other Segments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Corporate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 10.52M
Reportable Segment One 984.89M 207.85M 652.05M 12.09M 558.15M 10.98M 7.97M 7.58M 7.42M 6.44M 6.15M 6.18M 5.88M 5.52M
Reportable Segment Two 3.97M 5.70M 5.68M 5.61M 5.38M 5.53M 5.40M 5.48M 5.70M 6.72M 6.99M 7.02M 6.21M 4.99M

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 0.00M 0.00M 11.11M 9.72M 12.34M 10.91M 5.27M 12.94M 420.72M 7.80M 6.35M 5.24M 2.40M 2.30M 2.52M 26.73M 1.73M 1.42M 3.41M 2.35M 3.79M 9.40M 10.90M 10.04M 0.32M 5.02M 0.78M 0.12M 8.07M 3.80M 11.90M 11.70M
Short-Term 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
Cash & Short-Term Investments 0.00M 0.00M 11.11M 9.72M 12.34M 10.91M 5.27M 12.94M 420.72M 7.80M 6.35M 5.24M 2.40M 2.30M 2.52M 26.73M 1.73M 1.42M 3.41M 2.35M 3.79M 9.40M 10.90M 10.04M 0.32M 5.02M 0.78M 0.12M 8.07M 3.80M 11.90M 11.70M
Net Receivables 0.00M 0.00M 142.54M 126.28M 110.45M 104.77M 103.09M 88.08M 50.22M 54.31M 53.80M 46.85M 45.33M 34.19M 29.94M 33.85M 33.84M 24.00M 26.33M 26.82M 21.96M 11.15M 8.66M 15.04M 16.72M 14.10M 13.13M 12.58M 11.91M 4.70M 5.10M 5.60M
Inventory 0.00M 0.00M 0.00M 0.00M 9.75M 10.88M 12.10M 5.00M 0.00M 56.21M 19.00M 0.00M 1.21M 1.05M 1.09M 0.99M 0.99M 0.99M 0.93M 0.78M 0.93M 0.62M 0.56M 0.49M 0.50M 0.46M 0.43M 0.38M 0.44M 0.50M 0.60M 0.60M
Other Current Assets 0.00M 0.00M 26.77M 51.27M 16.08M -2.14M -1.22M 9.40M 31.78M 4.75M 39.47M 21.29M 16.85M 0.00M 7.77M 5.74M 0.00M 0.00M 0.00M 0.00M 31.26M 8.86M 6.61M 1.53M 1.16M 0.85M 0.91M 0.71M 0.81M 6.90M 3.30M 3.60M
Total Current Assets 0.00M 0.00M 180.42M 187.28M 148.63M 124.42M 119.23M 115.42M 502.72M 123.07M 118.61M 73.38M 65.79M 37.53M 41.32M 67.32M 36.55M 26.41M 30.67M 29.96M 57.94M 30.02M 26.72M 27.10M 18.70M 20.43M 15.25M 13.80M 21.23M 15.90M 20.90M 21.50M
Property, Plant & Equipment 0.00M 0.00M 0.00M 3,149.77M 2,605.78M 2,461.22M 2,299.75M 2,173.06M 1,313.02M 1,224.85M 1,122.37M 1,014.09M 943.68M 880.40M 816.00M 820.02M 794.90M 626.64M 688.67M 645.48M 546.81M 490.06M 462.36M 436.35M 380.34M 367.82M 333.48M 312.57M 291.78M 264.20M 242.10M 230.70M
Goodwill 0.00M 0.00M 640.31M 640.31M 640.31M 640.47M 628.14M 628.29M 1.68M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 42.08M 49.28M 24.54M 36.28M 35.17M 33.42M 15.80M 14.41M 23.99M 22.68M 19.33M 18.34M 15.56M 33.85M 13.54M 24.00M 0.00M 0.00M 0.00M 11.15M 8.66M 0.00M 16.72M 14.10M 13.13M 12.58M 11.91M 4.70M 5.10M 5.60M
Long-Term Investments 0.00M 0.00M 18.09M 16.41M 14.82M 15.78M 14.37M 12.93M 41.07M 4.54M 3.39M 6.03M 6.38M 8.89M 7.07M 7.03M 7.18M 40.50M 0.00M 0.00M 0.00M 0.00M -41.44M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 2.37M 193.67M 207.50M 158.05M 79.65M 85.80M 205.20M 198.78M 185.51M 140.74M 147.58M 133.54M 106.41M 100.77M 97.04M 74.64M 81.55M 0.00M 49.51M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 0.00M 0.00M 3,767.12M 290.92M 190.09M 4.46M 6.88M 4.68M 4.12M 61.55M -11.19M 26.02M 46.31M 21.98M 58.38M -5.43M -24.68M 71.28M 33.21M 15.61M 18.03M 62.01M 49.01M 48.27M 52.44M 41.03M 41.37M 44.15M 44.38M 41.00M 31.30M 26.00M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 4,467.60M 4,146.68M 3,477.91M 3,351.89M 3,191.80M 3,010.42M 1,455.35M 1,391.14M 1,343.77M 1,267.59M 1,201.21M 1,070.33M 1,044.59M 989.02M 897.34M 863.19M 818.92M 735.74M 646.39M 563.21M 528.08M 484.62M 449.50M 422.94M 387.97M 369.29M 348.07M 309.90M 278.50M 262.30M
Total Assets 0.00M 0.00M 4,648.01M 4,333.96M 3,626.54M 3,476.31M 3,311.04M 3,125.85M 1,958.07M 1,514.21M 1,462.38M 1,340.96M 1,267.00M 1,107.87M 1,085.91M 1,056.33M 933.89M 889.60M 849.58M 765.69M 704.33M 593.23M 554.80M 511.72M 468.20M 443.37M 403.23M 383.09M 369.29M 325.80M 299.40M 283.80M
Accounts Payable 61.24M 48.23M 56.26M 46.12M 29.58M 30.39M 34.20M 34.89M 24.94M 22.96M 18.74M 16.20M 7.00M 12.59M 8.48M 7.42M 5.49M 6.56M 5.76M 9.27M 7.27M 5.12M 0.87M 2.22M 0.38M 0.42M 0.35M 0.48M 2.16M 0.70M 0.30M 0.70M
Short-Term Debt 18.01M 18.92M 122.77M 220.48M 163.94M 102.10M 251.34M 139.48M 100.00M 25.00M 14.33M 38.09M 13.78M 22.95M 20.69M 0.84M 5.13M 6.88M 19.11M 5.62M 15.99M 0.33M 0.28M 0.18M 11.45M 11.50M 11.20M 3.30M 0.00M 0.00M 1.50M 1.00M
Tax Payables 0.00M 0.00M 16.87M 16.43M 2.70M 8.02M 0.00M 2.04M 1.93M 1.90M 1.68M 1.62M 1.61M 1.62M 1.47M 1.30M 1.29M 1.48M 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
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 42.96M 46.06M 41.92M 28.01M 27.26M 17.16M 13.36M 1.32M 1.21M 1.14M 1.07M 1.10M 1.18M 1.25M 1.31M 1.26M 15.16M 1.28M 12.49M 0.32M 0.74M 3.99M 0.00M 0.00M 0.00M 7.10M 8.10M
Other Current Liabilities 224.92M 247.08M 82.15M 23.85M 26.59M -15.14M -26.85M -23.64M 31.87M 31.08M 24.69M 20.09M 20.15M 5.69M 16.87M 15.99M 14.53M 14.62M 14.28M 15.48M 12.15M 13.97M 13.14M 0.07M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.10M 0.00M
Total Current Liabilities 304.16M 314.23M 278.04M 306.88M 222.80M 168.33M 304.74M 194.69M 186.74M 108.21M 76.59M 89.36M 43.87M 44.06M 48.64M 26.61M 27.54M 30.73M 40.39M 31.68M 36.66M 34.58M 15.57M 14.96M 12.15M 12.66M 15.54M 3.78M 2.16M 0.70M 9.00M 9.80M
Long-Term Debt 0.00M 0.00M 1,706.90M 1,526.70M 1,491.97M 1,492.94M 1,287.58M 1,283.60M 431.42M 431.09M 433.34M 377.19M 384.37M 335.00M 335.60M 343.85M 295.70M 246.88M 216.61M 216.31M 163.65M 145.28M 143.60M 139.61M 110.00M 110.00M 90.00M 90.00M 90.00M 75.00M 75.00M 76.50M
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 0.00M 0.00M 0.00M 0.00M 0.00M 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 302.96M 286.03M 276.04M 238.53M 218.16M 200.45M 199.08M 195.60M 79.65M 85.80M 205.20M 198.78M 186.82M 142.11M 149.01M 135.04M 107.96M 102.38M 98.71M 76.38M 83.35M 54.10M 51.42M 38.21M 29.70M 24.61M 22.56M 25.95M 25.54M 21.90M 16.10M 13.30M
Other Non-Current Liabilities 0.00M 0.00M 1,047.22M 1,003.47M 665.75M 561.22M 564.52M 0.00M 471.67M 478.65M 319.62M 297.96M 291.95M 251.30M 278.04M 266.56M 247.97M 244.94M 236.66M 303.31M 297.35M 169.40M 208.34M -177.82M 136.40M -134.61M -112.56M -115.95M -115.54M -96.90M -91.10M -89.80M
Total Non-Current Liabilities 302.96M 286.03M 3,030.16M 2,768.70M 2,375.87M 2,254.61M 2,051.18M 1,479.20M 982.74M 995.54M 958.16M 873.92M 863.13M 728.40M 762.65M 745.45M 651.63M 594.20M 551.98M 596.00M 544.35M 368.79M 403.36M 0.00M 276.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Liabilities 607.12M 600.27M 3,308.21M 3,075.57M 2,598.67M 2,422.94M 2,355.92M 1,673.88M 1,169.48M 1,103.74M 1,034.75M 963.27M 907.00M 772.46M 811.29M 772.06M 679.17M 624.92M 592.37M 627.68M 581.01M 403.36M 418.93M 14.96M 288.25M 12.66M 15.54M 3.78M 2.16M 0.70M 9.00M 9.80M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.48M 0.00M 0.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 0.04M 0.04M 0.03M 0.03M 0.03M 0.03M 0.03M 0.03M 0.03M 0.02M 0.02M 10.62M 10.57M 10.51M 9.72M 9.68M 9.66M 9.64M 9.61M 9.56M 9.52M 9.52M 9.52M 9.52M 9.52M 9.52M 9.52M 9.52M 9.90M 9.90M 9.90M 10.20M
Retained Earnings 579.91M 549.65M 537.18M 495.38M 458.36M 428.26M 408.04M 383.19M 393.92M 376.12M 338.39M 302.22M 280.77M 244.27M 236.45M 227.49M 219.57M 207.89M 204.74M 195.33M 186.88M 160.59M 148.53M 138.06M 128.24M 122.42M 116.23M 113.06M 104.55M 96.00M 88.00M 76.60M
Accumulated OCI 1.96M 1.96M 1.96M 1.79M 1.48M -0.16M -1.06M 0.13M -607.09M 2.20M 1.52M 2.31M 2.52M 3.39M 2.31M 2.27M 2.36M 13.19M 19.42M 13.32M 15.52M 10.44M 12.34M 5.42M 3.38M 5.07M 6.22M 8.96M 9.61M 8.50M 2.90M -0.10M
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 0.00M 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 581.90M 551.64M 539.18M 497.21M 459.86M 428.13M 407.00M 383.35M -213.14M 378.34M 340.41M 315.15M 294.34M 258.16M 248.49M 239.45M 231.59M 230.71M 233.78M 218.21M 212.40M 180.54M 170.39M 152.99M 141.14M 137.00M 131.97M 131.54M 124.06M 114.40M 100.80M 86.70M
Total Equity 581.90M 551.64M 539.18M 497.21M 459.86M 428.13M 407.00M 383.35M -213.14M 378.34M 340.41M 315.15M 294.34M 258.16M 248.49M 239.45M 231.59M 230.71M 233.78M 218.21M 212.40M 180.54M 170.39M 152.99M 141.14M 137.00M 131.97M 131.54M 124.06M 114.40M 100.80M 86.70M
Total Liabilities & Equity 1,189.03M 1,151.91M 3,847.38M 3,572.78M 3,058.53M 2,851.06M 2,762.92M 2,057.23M 956.34M 1,482.09M 1,375.16M 1,278.42M 1,201.34M 1,030.62M 1,059.78M 1,011.51M 910.75M 855.63M 826.15M 845.89M 793.41M 583.90M 589.32M 167.95M 429.39M 149.66M 147.51M 135.31M 126.23M 115.10M 109.80M 96.50M
Tangible Assets 0.00M 0.00M 3,965.62M 3,644.37M 2,961.69M 2,799.56M 2,647.72M 2,464.13M 1,940.59M 1,499.80M 1,438.39M 1,318.29M 1,247.67M 1,089.53M 1,070.35M 1,022.48M 920.35M 865.60M 849.58M 765.69M 704.33M 582.09M 546.14M 511.72M 451.48M 429.27M 390.10M 370.51M 357.38M 321.10M 294.30M 278.20M
Tangible Equity 581.90M 551.64M -143.21M -192.38M -204.99M -248.62M -256.31M -278.37M -230.62M 363.93M 316.42M 292.47M 275.01M 239.82M 232.93M 205.60M 218.05M 206.71M 233.78M 218.21M 212.40M 169.40M 161.73M 152.99M 124.42M 122.90M 118.84M 118.96M 112.15M 109.70M 95.70M 81.10M
Tangible Book Value 581.90M 551.64M -143.21M -192.38M -204.99M -248.62M -256.31M -278.37M -230.62M 363.93M 316.42M 292.47M 275.01M 239.82M 232.93M 205.60M 218.05M 206.71M 233.78M 218.21M 212.40M 169.40M 161.73M 152.99M 124.42M 122.90M 118.84M 118.96M 112.15M 109.70M 95.70M 81.10M
Total Investments 0.00M 0.00M 18.09M 16.41M 14.82M 15.78M 14.37M 12.93M 41.07M 4.54M 3.39M 6.03M 6.38M 8.89M 7.07M 7.03M 7.18M 40.50M 0.00M 0.00M 0.00M 0.00M -41.44M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt 18.01M 18.92M 1,818.56M 1,737.45M 1,643.56M 1,584.13M 1,533.65M 1,410.13M 110.70M 448.29M 441.31M 410.04M 395.75M 355.65M 353.77M 317.95M 299.11M 252.34M 232.31M 219.58M 175.85M 136.22M 132.98M 129.76M 121.13M 116.48M 100.42M 93.18M 81.93M 71.20M 64.60M 65.80M

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 -304.2M -314.2M -70.5M -144.6M -109.9M -69.2M -223.5M -112.5M 338.7M -18.2M 36.0M -6.2M 23.4M -19.5M -6.2M 40.6M 8.9M -3.9M -11.4M -1.4M 22.2M 10.7M 13.0M 12.0M -4.9M -3.7M -11.5M -3.0M 9.5M 7.0M 11.9M 10.7M
Total Capital 1,541.7M 1,484.9M 3,196.7M 2,980.6M 2,766.8M 2,629.6M 2,456.1M 2,313.1M 1,420.7M 919.3M 869.3M 802.7M 758.3M 679.1M 630.9M 608.7M 555.9M 506.5M 490.0M 458.9M 407.8M 341.5M 328.6M 306.2M 274.9M 270.9M 245.5M 237.2M 233.1M 208.6M 196.5M 186.4M
Capital Employed -304.2M -314.2M 4,397.1M 4,002.1M 3,364.3M 3,282.7M 2,968.3M 2,897.9M 1,792.4M 1,372.9M 1,379.8M 1,261.3M 1,224.6M 1,050.8M 1,038.4M 1,010.5M 906.2M 846.5M 807.6M 734.4M 668.6M 566.8M 536.8M 496.6M 429.6M 406.9M 365.2M 355.6M 347.6M 314.3M 287.5M 269.7M
Invested Capital 1,541.7M 1,484.9M 3,185.5M 2,970.8M 2,754.4M 2,618.6M 2,450.8M 2,300.1M 1,000.0M 911.5M 863.0M 797.5M 755.9M 676.8M 628.4M 582.0M 554.1M 505.1M 486.6M 456.5M 404.0M 332.1M 317.7M 296.1M 274.6M 265.8M 244.7M 237.1M 225.1M 204.8M 184.6M 174.7M

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 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Net Income 109.28M 90.00M 93.97M 84.99M 73.83M 60.48M 61.52M 23.63M 38.77M 61.10M 52.84M 37.88M 51.81M 22.38M 22.32M 20.88M 24.41M 15.17M 21.46M 19.32M 38.58M 21.84M 19.79M 18.68M 14.23M 14.02M 10.67M 15.88M 16.02M 15.20M 18.60M 11.50M
Depreciation & Amortization 118.88M 113.41M 115.05M 108.14M 106.44M 96.47M 91.62M 68.49M 56.91M 50.50M 46.30M 42.33M 39.49M 36.60M 34.63M 32.71M 28.33M 25.64M 0.00M 0.00M 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 8.28M 5.64M 10.36M -8.51M -3.24M -2.85M -5.50M -1.25M -9.49M -0.44M 4.80M 15.93M 26.07M 11.57M 12.24M 16.46M 8.08M 6.31M 6.08M -6.91M 10.77M 1.92M 10.11M 6.40M 3.00M 1.99M -1.54M 0.81M 1.65M 1.90M 0.30M 0.30M
Stock-Based Compensation 5.91M 5.45M 5.62M 4.65M 4.79M 4.25M 3.55M 3.41M 2.12M 2.64M 1.69M 1.60M 1.03M 0.91M 0.56M 0.65M 0.81M 0.81M 0.00M 0.00M 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 28.78M -26.68M -3.78M 3.68M -6.27M -17.17M -39.95M 36.64M 2.62M 6.71M 22.06M 1.40M -49.91M -6.97M 5.53M -6.52M -9.09M 6.53M 0.83M 6.11M -10.67M -1.70M -5.01M 4.23M -2.15M -3.80M 3.06M -0.29M 1.30M -2.00M -3.00M 2.70M
Accounts Receivable -16.87M -33.01M -12.66M -33.28M -20.18M -12.35M -22.48M -9.90M 3.84M -1.70M -5.38M 0.74M -1.28M -3.07M -0.80M -2.47M -2.20M 1.67M 0.00M 0.00M 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 20.18M 12.35M 22.48M 9.90M 0.00M 2.56M 22.98M 2.56M -24.55M -1.28M 1.16M -5.36M 0.00M 0.34M 0.00M 0.00M 0.00M -0.08M -0.19M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.83M -2.34M 4.24M 0.49M -1.39M 4.84M -0.36M 1.95M 2.13M 2.89M -0.34M 1.55M -0.45M -0.02M 0.93M -0.13M 0.00M -0.46M 0.00M 0.00M 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 8.43M 8.67M 4.64M 36.48M 13.70M -22.01M -39.59M 34.70M 0.49M 2.96M 4.79M -3.44M -23.64M -2.59M 4.24M 1.45M -6.89M 4.99M 0.83M 6.11M -10.67M -1.62M -4.82M 4.23M -2.15M -3.80M 3.06M -0.29M 1.30M -2.00M -3.00M 2.70M
Other Non-Cash Items -48.38M -2.22M -25.69M -2.11M -9.35M -11.14M -7.20M -0.91M 0.42M -19.40M -13.62M -1.89M -2.57M -1.06M -0.91M 0.02M -15.37M 0.81M 23.42M 23.51M 5.84M 20.57M 16.35M 12.69M 14.01M 13.24M 11.85M 7.17M 7.97M 8.80M 3.40M 7.70M
Net Cash from Operating Activities 222.74M 185.59M 195.53M 190.83M 166.20M 130.04M 104.05M 130.01M 91.34M 101.11M 114.07M 97.26M 65.91M 63.43M 74.37M 64.20M 37.17M 54.46M 51.79M 42.03M 44.52M 42.62M 41.23M 41.99M 29.09M 25.45M 24.03M 23.58M 26.93M 23.90M 19.30M 22.20M
Capital Expenditures (PPE) -107.32M -353.59M -380.64M -290.72M -244.24M -253.81M -214.98M -182.91M -148.34M -152.41M -145.58M -110.45M -103.49M -97.02M -106.76M -71.57M -108.70M -64.16M -71.54M -74.38M -71.76M -51.77M -42.26M -62.34M -37.60M -48.00M -33.77M -32.36M -38.72M -24.20M -21.10M -19.00M
Acquisitions (Net) 0.00M -0.25M 0.00M -7.54M 0.54M -5.36M 1.15M -835.47M -2.50M 27.47M -1.07M -0.99M -1.77M -3.35M -2.28M -4.04M 33.94M -6.00M 0.00M 0.00M 4.08M 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 0.00M 0.00M 0.00M 0.00M -0.63M -0.83M -0.44M -0.14M -148.21M -0.12M -0.33M -1.10M -0.01M -4.23M -0.68M -0.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -4.30M
Sales / Maturities of Investments 2.80M 40.67M 0.00M 0.00M 0.98M 18.23M 1.15M 0.14M 4.11M 14.54M 4.51M 1.93M 3.06M 11.53M 6.44M 0.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.30M 2.00M
Other Investing Activities -372.44M -0.03M 40.54M -24.01M -0.98M -18.23M -1.15M 0.61M 148.09M -3.36M 20.34M -3.67M 4.57M -2.70M -0.92M 0.00M 0.00M 6.00M 4.89M -16.98M 2.37M 3.26M 6.78M 4.59M -1.35M -1.30M -0.68M 4.00M 2.59M -7.50M 7.50M -0.60M
Net Cash from Investing Activities -476.96M -313.21M -340.10M -322.27M -244.33M -260.00M -214.26M -1,017.77M -146.84M -113.87M -122.13M -110.61M -97.64M -95.77M -104.20M -75.72M -74.76M -64.16M -66.65M -91.36M -65.31M -48.51M -35.48M -57.75M -38.95M -49.30M -34.44M -28.37M -36.13M -31.70M -9.30M -21.90M
Net Debt Issuance 87.36M 69.91M 83.09M 77.58M 62.41M 58.79M 113.95M 501.89M 75.00M 8.08M 31.73M 20.77M 40.20M 1.66M 11.60M 44.91M 47.41M 16.65M 13.78M 42.30M 34.02M 1.73M -0.25M 18.27M -0.05M 20.30M 7.90M 3.30M 15.00M -1.50M -1.00M 8.70M
Long-Term Debt Issuance 28.01M 105.99M 136.35M 65.65M -34.18M 170.89M 56.07M 588.60M 0.00M -2.72M 34.40M -0.63M 49.40M -5.44M -3.70M 48.91M 49.21M 29.25M 0.38M 52.80M 34.02M 1.73M -0.25M 18.27M -0.05M 20.30M 7.90M 3.30M 15.00M -1.50M -1.00M 8.70M
Short-Term Debt Issuance 59.35M -36.08M -53.26M 11.92M 96.58M -112.10M 57.89M -86.71M 75.00M 10.80M -20.40M 21.40M -9.20M 7.10M 15.30M -4.00M -1.80M -12.60M 13.40M -10.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 48.24M 68.68M 85.01M 80.66M 39.09M 91.03M 0.00M 0.00M 411.39M 0.00M 0.95M 0.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.64M 0.89M 1.30M 0.01M -0.16M -0.13M 0.00M 0.00M 0.00M 0.00M -7.11M -0.16M 0.00M -3.20M 0.00M
Common Stock Issuance 129.84M 68.68M 85.01M 80.66M 39.09M 91.03M 0.00M 0.00M 411.39M 0.00M 0.95M 0.90M 0.00M 35.89M 0.00M 0.00M 0.00M 0.00M 0.89M 1.30M 0.01M 0.02M 0.02M 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 0.00M 0.00M 0.00M -0.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.19M -0.14M 0.00M 0.00M 0.00M 0.00M -7.11M -0.16M 0.00M -3.20M 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 0.00M 0.00M 0.00M 0.00M 0.00M 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 -56.91M -50.97M -52.13M -47.91M -43.58M -40.14M -36.51M -34.13M -23.07M -21.33M -16.56M -15.89M -15.18M -14.44M -13.23M -12.82M -12.60M -12.20M -11.88M -11.09M -10.33M -9.78M -9.32M -8.86M -8.41M -7.83M -7.49M -7.38M -7.42M -7.20M -7.20M -7.00M
Common Dividends Paid -56.91M -50.97M -52.13M -47.91M -43.58M -40.14M -36.51M -34.13M -23.07M -21.33M -16.56M -15.89M -15.18M -14.44M -13.23M -12.82M -12.60M -12.20M -11.88M -11.09M -10.33M -9.78M -9.32M -8.86M -8.41M -7.83M -7.49M -7.38M -7.42M -7.20M -7.20M -7.00M
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 182.87M 22.90M 29.99M 18.49M 20.45M 23.12M 24.09M 17.23M 5.11M 8.46M 12.05M 10.42M 6.81M 44.90M 7.25M 4.44M 3.10M 2.53M 13.11M 15.39M -8.53M 12.60M 4.57M 16.06M 13.62M 15.62M 10.66M 8.03M 6.01M 8.40M 5.90M 4.10M
Net Cash from Financing Activities 261.56M 110.52M 145.96M 128.82M 78.35M 132.81M 101.53M 484.99M 468.42M -4.79M 28.17M 16.19M 31.83M 32.12M 5.62M 36.52M 37.91M 7.71M 15.91M 47.90M 15.17M 4.39M -5.13M 25.48M 5.16M 28.09M 11.07M -3.16M 13.43M -0.30M -5.50M 5.80M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M -1.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 7.35M -17.10M 1.39M -2.62M 0.23M 1.64M -8.68M -402.78M 412.92M -17.55M 20.11M 2.84M 0.10M -0.22M -24.21M 25.00M 0.31M -1.99M 1.05M -1.43M -5.61M -1.50M 0.62M 9.71M -4.70M 4.24M 0.66M -7.94M 4.23M -8.10M 4.50M 6.10M
Cash at Beginning of Period 58.63M 58.14M 9.72M 12.34M 12.12M 9.27M 17.94M 420.72M 7.80M 25.35M 5.24M 2.40M 2.30M 2.52M 26.73M 1.73M 1.42M 3.41M 2.35M 3.79M 9.40M 10.90M 10.28M 0.32M 5.02M 0.78M 0.12M 8.07M 3.83M 11.90M 7.40M 1.30M
Cash at End of Period 65.97M 41.04M 11.11M 9.72M 12.34M 10.91M 9.27M 17.94M 420.72M 7.80M 25.35M 5.24M 2.40M 2.30M 2.52M 26.73M 1.73M 1.42M 3.41M 2.35M 3.79M 9.40M 10.90M 10.04M 0.32M 5.02M 0.78M 0.12M 8.07M 3.80M 11.90M 7.40M
Operating Cash Flow 222.74M 185.59M 195.53M 190.83M 166.20M 130.04M 104.05M 130.01M 91.34M 101.11M 114.07M 97.26M 65.91M 63.43M 74.37M 64.20M 37.17M 54.46M 51.79M 42.03M 44.52M 42.62M 41.23M 41.99M 29.09M 25.45M 24.03M 23.58M 26.93M 23.90M 19.30M 22.20M
Capital Expenditure -107.32M -353.59M -380.64M -290.72M -244.24M -253.81M -214.98M -182.91M -148.34M -152.41M -145.58M -110.45M -103.49M -97.02M -106.76M -71.57M -108.70M -64.16M -71.54M -74.38M -71.76M -51.77M -42.26M -62.34M -37.60M -48.00M -33.77M -32.36M -38.72M -24.20M -21.10M -19.00M
Free Cash Flow 115.42M -168.00M -185.11M -99.89M -78.04M -123.77M -110.92M -52.91M -56.99M -51.30M -31.51M -13.19M -37.58M -33.60M -32.39M -7.36M -71.53M -9.70M -19.75M -32.35M -27.24M -9.15M -1.03M -20.36M -8.51M -22.55M -9.73M -8.78M -11.78M -0.30M -1.80M 3.20M

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 650.14M 361.27M 434.34M 397.92M 368.21M 417.55M 328.46M 226.37M 218.53M 210.51M 196.16M 173.11M 179.77M 133.80M 131.20M 140.48M 137.24M 130.55M 164.85M 150.99M 139.36M 129.79M 121.38M 122.95M 114.63M 108.01M 101.17M 95.49M 88.22M 89.00M 78.50M 79.70M
(-) Tax Adjustment 78.56M 35.19M 37.85M 26.06M 38.00M 50.76M 39.38M 59.65M 45.04M 73.68M 68.66M 60.59M 58.47M 46.83M 45.92M 49.17M 31.04M 45.69M 57.70M 52.85M 39.57M 45.43M 42.48M 43.03M 40.12M 37.80M 35.41M 33.42M 30.88M 31.15M 25.79M 27.90M
(-) Change In Working Capital 28.78M -26.68M -3.78M 3.68M -6.27M -17.17M -39.95M 36.64M 2.62M 6.71M 22.06M 1.40M -49.91M -6.97M 5.53M -6.52M -9.09M 6.53M 0.83M 6.11M -10.67M -1.70M -5.01M 4.23M -2.15M -3.80M 3.06M -0.29M 1.30M -2.00M -3.00M 2.70M
(-) Capital Expenditure -107.32M -353.59M -380.64M -290.72M -244.24M -253.81M -214.98M -182.91M -148.34M -152.41M -145.58M -110.45M -103.49M -97.02M -106.76M -71.57M -108.70M -64.16M -71.54M -74.38M -71.76M -51.77M -42.26M -62.34M -37.60M -48.00M -33.77M -32.36M -38.72M -24.20M -21.10M -19.00M
Unlevered Free Cash Flow 265.96M -0.83M 19.63M 77.45M 92.24M 130.15M 114.05M -52.84M 22.54M -22.28M -40.14M 0.67M 67.73M -3.08M -27.01M 26.26M 6.58M 14.17M 34.78M 17.66M 38.70M 34.30M 41.64M 13.35M 39.07M 26.00M 28.94M 30.00M 17.32M 35.65M 34.61M 30.11M
(-) Net Interest Income After Taxes -63.55M -63.75M -65.17M -61.81M -52.07M -47.73M -47.75M -18.60M -19.19M -14.90M -14.19M -14.42M -14.03M -12.95M -13.12M -12.79M -12.30M -10.38M -9.57M -8.46M 0.00M 0.00M -6.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt Issuance 87.36M 69.91M 83.09M 77.58M 62.41M 58.79M 113.95M 501.89M 75.00M 8.08M 31.73M 20.77M 40.20M 1.66M 11.60M 44.91M 47.41M 16.65M 13.78M 42.30M 34.02M 1.73M -0.25M 18.27M -0.05M 20.30M 7.90M 3.30M 15.00M -1.50M -1.00M 8.70M
Levered Free Cash Flow 416.88M 132.82M 167.89M 216.84M 206.71M 236.67M 275.75M 467.66M 116.73M 0.70M 5.78M 35.86M 121.96M 11.53M -2.29M 83.95M 66.29M 41.20M 58.14M 68.42M 72.72M 36.03M 47.40M 31.63M 39.02M 46.30M 36.84M 33.30M 32.32M 34.15M 33.61M 38.81M