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Definitive Analysis

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Page: Industry Financials

2603.TW

Industry Analysis

Master Data Export

Industry Enterprise Value

Metric MRQ 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 1995
Stock Price 7.71 7.67 7.34 7.09 6.44 3.85 5.25 4.31 5.66 5.24 6.32 7.98 7.04 7.47 10.71 17.57 17.91 13.82 19.56 8.66 9.25 7.45 6.21 4.55 4.55 1.66 1.84 1.92 3.16 2.03 2.65
Market Capitalization 2,545.29M 1,904.81M 1,848.60M 1,551.78M 1,548.82M 1,272.99M 1,160.37M 1,045.15M 1,193.06M 1,069.59M 1,171.60M 1,119.93M 1,008.85M 911.26M 816.31M 1,040.59M 774.70M 611.86M 1,140.50M 663.03M 529.67M 598.46M 445.36M 338.65M 450.60M 463.59M 353.97M 275.57M 327.70M 315.30M 247.04M
(-) Cash & Equivalents 453.70M 335.16M 330.94M 350.09M 285.69M 251.62M 206.94M 170.20M 159.48M 191.42M 144.69M 151.42M 139.60M 161.41M 158.49M 178.12M 122.54M 107.32M 77.73M 46.54M 35.53M 39.96M 31.27M 19.50M 26.73M 27.66M 26.01M 21.90M 17.26M 10.10M 9.68M
(+) Total Debt 1,240.80M 1,111.25M 1,060.25M 1,099.66M 1,116.53M 1,033.64M 1,041.92M 952.62M 953.38M 910.62M 902.28M 851.62M 825.92M 748.22M 686.31M 599.12M 510.74M 391.47M 264.39M 181.75M 137.15M 120.99M 116.04M 91.54M 86.16M 109.26M 119.65M 64.96M 96.54M 96.43M 56.53M
Enterprise Value 3,056,217,820.57 2,714,885,409.55 2,405,514,712.90 2,210,298,043.71 2,417,013,344.99 2,085,393,280.03 2,066,501,098.05 1,845,221,056.46 2,008,924,139.93 1,819,777,317.19 1,863,115,511.28 1,784,017,350.93 1,924,755,550.59 1,605,884,397.07 1,396,645,163.37 1,563,778,664.49 1,211,927,454.40 975,085,851.00 1,387,441,507.30 794,245,743.67 686,261,144.89 860,772,491.23 639,387,198.11 486,218,353.62 547,675,323.11 575,390,688.14 441,696,851.80 331,552,677.07 370,338,223.49 382,924,290.19 297,744,737.12

Industry Income Statement

Metric TTM 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 1995
Revenue 1,541.25M 1,423.63M 1,254.08M 1,281.13M 1,205.84M 977.41M 923.86M 879.18M 850.45M 784.63M 824.23M 757.45M 758.13M 744.40M 663.41M 620.45M 454.93M 569.44M 451.80M 212.07M 174.94M 230.87M 218.79M 198.48M 175.05M 161.99M 155.52M 121.21M 132.73M 115.68M 101.45M
Cost of Revenue 1,093.55M 1,027.73M 937.16M 935.95M 849.04M 738.52M 709.72M 705.91M 687.55M 599.03M 618.40M 591.27M 617.10M 576.00M 456.59M 428.02M 273.00M 358.60M 192.16M 81.45M 89.26M 85.96M 97.14M 80.68M 78.40M 82.81M 82.64M 66.23M 55.02M 73.89M 62.14M
Gross Profit 447.70M 395.90M 316.92M 345.18M 356.80M 238.89M 214.14M 173.27M 162.90M 185.60M 205.83M 166.17M 141.03M 168.40M 206.82M 192.42M 181.92M 210.84M 259.64M 130.62M 85.68M 144.91M 121.65M 117.81M 96.65M 79.17M 72.88M 54.99M 77.71M 41.79M 39.31M
Gross Margin 29.0% 27.8% 25.3% 26.9% 29.6% 24.4% 23.2% 19.7% 19.2% 23.7% 25.0% 21.9% 18.6% 22.6% 31.2% 31.0% 40.0% 37.0% 57.5% 61.6% 49.0% 62.8% 55.6% 59.4% 55.2% 48.9% 46.9% 45.4% 58.6% 36.1% 38.8%
R&D Expenses 0.53M 0.45M 0.71M 0.71M 0.31M 0.18M 0.13M 0.02M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
SG&A Expenses 78.62M 59.67M 60.21M 53.73M 49.01M 42.30M 43.71M 42.04M 42.13M 39.73M 36.09M 38.02M 39.21M 35.55M 25.17M 21.43M 19.90M 23.65M 17.18M 14.86M 12.88M 13.64M 14.64M 12.23M 8.80M 11.82M 13.13M 11.05M 11.61M 11.85M 7.20M
Operating Expenses 79.15M 60.13M 60.91M 54.45M 49.32M 42.48M 43.84M 42.06M 42.13M 39.73M 36.09M 38.02M 39.21M 35.55M 25.17M 21.43M 19.90M 23.65M 17.18M 14.86M 12.88M 13.64M 14.64M 12.23M 8.80M 11.82M 13.13M 11.05M 11.61M 11.85M 7.20M
Operating Income 368.56M 335.78M 256.01M 290.74M 307.48M 196.41M 170.30M 131.20M 120.77M 145.88M 169.73M 128.16M 101.83M 132.84M 181.65M 170.99M 162.02M 187.20M 242.46M 115.76M 72.80M 131.26M 107.01M 105.58M 87.86M 67.36M 59.75M 43.94M 66.11M 29.94M 32.12M
Operating Margin 23.9% 23.6% 20.4% 22.7% 25.5% 20.1% 18.4% 14.9% 14.2% 18.6% 20.6% 16.9% 13.4% 17.8% 27.4% 27.6% 35.6% 32.9% 53.7% 54.6% 41.6% 56.9% 48.9% 53.2% 50.2% 41.6% 38.4% 36.2% 49.8% 25.9% 31.7%
Interest Income 10.25M 12.62M 13.27M 7.04M 4.09M 3.53M 4.43M 4.50M 4.69M 3.93M 3.86M 3.38M 3.41M 3.03M 2.52M 2.49M 2.47M 3.72M 2.75M 1.46M 0.41M 0.58M 0.33M 0.20M 0.29M 0.37M 0.18M 0.21M 0.11M 0.21M 0.15M
Interest Expense 51.42M 53.16M 54.64M 42.68M 39.29M 40.16M 48.77M 42.66M 38.30M 33.91M 33.14M 32.15M 32.47M 26.38M 26.47M 22.84M 18.63M 18.58M 12.57M 6.22M 3.68M 2.49M 2.09M 2.10M 2.74M 3.60M 1.28M 1.12M 0.80M 0.82M 0.42M
Net Interest Income -41.17M -40.54M -41.37M -35.64M -35.20M -36.63M -44.34M -38.16M -33.61M -29.98M -29.28M -28.77M -29.07M -23.36M -23.95M -20.35M -16.16M -14.86M -9.82M -4.76M -3.28M -1.91M -1.76M -1.91M -2.45M -3.23M -1.10M -0.91M -0.68M -0.60M -0.27M
Other Income / Expense -91.12M -40.69M -17.76M 31.77M -10.94M -57.66M -48.21M -30.64M -20.36M -66.23M -63.14M -30.02M -6.45M -67.46M -100.00M -71.99M -90.15M -73.44M -143.85M -61.64M -26.91M -91.15M -79.59M -86.95M -63.52M -41.89M -42.73M -30.17M -50.86M -17.55M -22.25M
Pre-Tax Income 236.27M 254.54M 196.88M 286.87M 261.35M 102.12M 77.75M 62.40M 66.80M 49.67M 77.31M 69.37M 66.31M 42.03M 57.69M 78.65M 55.71M 98.90M 88.79M 49.36M 42.62M 38.21M 25.66M 16.72M 21.89M 22.24M 15.92M 12.85M 14.56M 11.79M 9.59M
Pre-Tax Margin 15.3% 17.9% 15.7% 22.4% 21.7% 10.4% 8.4% 7.1% 7.9% 6.3% 9.4% 9.2% 8.7% 5.6% 8.7% 12.7% 12.2% 17.4% 19.7% 23.3% 24.4% 16.5% 11.7% 8.4% 12.5% 13.7% 10.2% 10.6% 11.0% 10.2% 9.5%
Income Tax Expense 28.25M 24.63M 19.30M 24.39M 20.00M 15.42M 16.81M 14.58M 12.92M 11.85M 14.01M 16.87M 13.41M 9.33M 13.32M 12.61M 10.93M 11.87M 10.14M 5.05M 4.05M 7.94M 6.37M 6.51M 5.95M 5.67M 4.14M 2.88M 4.27M 2.58M 1.60M
Tax Rate 12.0% 9.7% 9.8% 8.5% 7.7% 15.1% 21.6% 23.4% 19.3% 23.9% 18.1% 24.3% 20.2% 22.2% 23.1% 16.0% 19.6% 12.0% 11.4% 10.2% 9.5% 20.8% 24.8% 35.0% 27.2% 25.5% 26.0% 22.4% 29.3% 21.9% 16.7%
Net Income 208.02M 229.91M 177.58M 262.49M 241.34M 86.70M 60.94M 47.82M 53.88M 37.82M 63.31M 52.50M 52.90M 32.70M 44.38M 66.04M 44.79M 87.03M 78.65M 44.31M 38.57M 30.27M 19.28M 10.22M 15.94M 16.56M 11.78M 9.98M 10.30M 9.21M 7.99M
Net Margin 13.5% 16.1% 14.2% 20.5% 20.0% 8.9% 6.6% 5.4% 6.3% 4.8% 7.7% 6.9% 7.0% 4.4% 6.7% 10.6% 9.8% 15.3% 17.4% 20.9% 22.0% 13.1% 8.8% 5.1% 9.1% 10.2% 7.6% 8.2% 7.8% 8.0% 7.9%
EBIT 368.56M 335.78M 256.01M 290.74M 307.48M 196.41M 170.30M 131.20M 120.77M 145.88M 169.73M 128.16M 101.83M 132.84M 181.65M 170.99M 162.02M 187.20M 242.46M 115.76M 72.80M 131.26M 107.01M 105.58M 87.86M 67.36M 59.75M 43.94M 66.11M 29.94M 32.12M
Depreciation & Amortization 134.13M 146.32M 144.49M 143.55M 122.37M 110.19M 98.12M 86.16M 82.36M 78.42M 78.50M 72.30M 68.71M 64.78M 60.33M 56.66M 45.01M 37.53M 27.15M 16.77M 11.68M 14.23M 15.27M 13.83M 5.31M 3.49M 17.87M 8.83M 3.48M -2.16M -1.87M
EBITDA 502.69M 482.10M 400.50M 434.28M 429.85M 306.60M 268.42M 217.36M 203.13M 224.29M 248.23M 200.46M 170.53M 197.62M 241.98M 227.65M 207.03M 224.72M 269.61M 132.53M 84.48M 145.49M 122.29M 119.41M 93.17M 70.85M 77.62M 52.77M 69.59M 27.78M 30.24M
EBITDA Margin 32.6% 33.9% 31.9% 33.9% 35.6% 31.4% 29.1% 24.7% 23.9% 28.6% 30.1% 26.5% 22.5% 26.5% 36.5% 36.7% 45.5% 39.5% 59.7% 62.5% 48.3% 63.0% 55.9% 60.2% 53.2% 43.7% 49.9% 43.5% 52.4% 24.0% 29.8%
NOPAT 324.49M 303.28M 230.91M 266.02M 283.95M 166.75M 133.48M 100.55M 97.41M 111.08M 138.98M 97.00M 81.23M 103.35M 139.73M 143.57M 130.25M 164.73M 214.78M 103.92M 65.88M 104.00M 80.43M 68.62M 63.99M 50.17M 44.22M 34.10M 46.73M 23.39M 26.76M
NOPAT Margin 21.1% 21.3% 18.4% 20.8% 23.5% 17.1% 14.4% 11.4% 11.5% 14.2% 16.9% 12.8% 10.7% 13.9% 21.1% 23.1% 28.6% 28.9% 47.5% 49.0% 37.7% 45.0% 36.8% 34.6% 36.6% 31.0% 28.4% 28.1% 35.2% 20.2% 26.4%
Owner's Earnings 342.15M 376.23M 322.08M 406.03M 363.72M 196.89M 159.06M 133.98M 136.24M 116.24M 141.80M 124.80M 121.61M 97.47M 104.71M 122.70M 89.80M 124.56M 105.80M 61.08M 50.25M 44.50M 34.56M 24.05M 21.25M 20.05M 29.65M 18.81M 13.78M 7.05M 6.12M
Owner's Earnings Margin 22.2% 26.4% 25.7% 31.7% 30.2% 20.1% 17.2% 15.2% 16.0% 14.8% 17.2% 16.5% 16.0% 13.1% 15.8% 19.8% 19.7% 21.9% 23.4% 28.8% 28.7% 19.3% 15.8% 12.1% 12.1% 12.4% 19.1% 15.5% 10.4% 6.1% 6.0%
EPS 0.23 0.25 0.20 0.29 0.25 0.09 0.07 0.05 0.06 0.04 0.07 0.06 0.06 0.04 0.05 0.08 0.07 0.18 0.16 0.09 0.09 0.06 0.04 0.02 0.03 0.03 0.02 0.02 0.03 0.02 0.02
EPS (Diluted) 0.23 0.25 0.20 0.29 0.25 0.09 0.07 0.05 0.06 0.04 0.07 0.06 0.06 0.04 0.05 0.08 0.07 0.18 0.16 0.09 0.09 0.06 0.04 0.02 0.03 0.03 0.02 0.02 0.03 0.02 0.02
Shares (Diluted) 911.57M 912.70M 907.99M 904.64M 962.57M 981.74M 928.62M 924.30M 969.29M 895.05M 885.49M 871.15M 850.88M 872.12M 850.51M 793.66M 602.55M 481.89M 491.68M 502.25M 417.38M 490.88M 486.98M 422.88M 529.98M 609.65M 582.77M 441.17M 375.28M 391.45M 360.79M

Industry Balance Sheet

Metric MRQ 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 1995
Cash & Cash Equivalents 420.77M 336.08M 330.98M 350.13M 285.63M 251.73M 207.00M 170.20M 159.33M 191.42M 144.69M 152.62M 142.65M 162.80M 158.49M 177.71M 121.94M 107.46M 77.73M 46.97M 36.10M 40.48M 31.27M 19.90M 28.42M 27.66M 26.01M 21.90M 17.26M 10.10M 9.68M
Short-Term Investments 37.74M 37.61M 33.47M 57.18M 32.63M 28.32M 25.55M 43.39M 76.93M 50.57M 35.47M 40.06M 57.09M 28.97M 20.72M 35.27M 16.22M 11.75M 26.89M 9.31M 10.69M 3.77M 1.10M 1.13M 1.68M 1.99M 2.06M 2.74M 2.69M 2.88M 3.51M
Cash & Short-Term Investments 458.51M 373.69M 364.45M 407.31M 318.27M 280.04M 232.55M 213.59M 236.26M 241.99M 180.16M 192.68M 199.75M 191.77M 179.21M 212.98M 138.15M 119.21M 104.63M 56.29M 46.79M 44.25M 32.38M 21.03M 30.10M 29.64M 28.07M 24.64M 19.96M 12.98M 13.20M
Net Receivables 200.31M 189.94M 149.51M 186.26M 176.38M 123.81M 126.75M 126.46M 119.49M 110.03M 108.23M 107.66M 98.44M 73.05M 65.42M 42.11M 33.52M 40.11M 36.12M 20.34M 13.11M 17.43M 11.19M 12.01M 12.17M 16.61M 20.78M 20.19M 31.04M 28.84M 16.56M
Inventory 42.19M 39.78M 42.07M 38.22M 39.67M 26.95M 34.05M 29.88M 29.43M 24.22M 21.40M 25.87M 24.09M 20.23M 17.84M 14.89M 12.20M 10.42M 12.11M 6.54M 4.83M 6.58M 5.76M 5.38M 5.14M 6.24M 6.73M 5.03M 13.48M 12.38M 2.82M
Other Current Assets 59.21M 39.29M 58.00M 61.07M 59.41M 54.64M 52.12M 45.37M 54.48M 43.85M 40.79M 51.64M 41.91M 27.28M 21.59M 20.79M 22.73M 32.69M 34.09M 13.11M 13.71M 11.45M 19.13M 16.03M 21.72M 12.24M 17.85M 8.98M 10.85M 10.84M 6.65M
Total Current Assets 760.23M 642.70M 614.03M 692.86M 593.72M 485.44M 445.46M 415.31M 439.66M 420.09M 350.58M 377.84M 364.19M 312.32M 284.06M 290.76M 206.61M 202.44M 186.94M 96.29M 78.44M 79.71M 68.46M 54.46M 69.13M 64.73M 73.43M 58.83M 75.32M 65.03M 39.23M
Property, Plant & Equipment 2,509.44M 2,303.64M 2,137.79M 2,030.15M 1,938.49M 1,681.79M 1,671.41M 1,551.30M 1,471.62M 1,314.76M 1,345.73M 1,324.17M 1,294.50M 1,160.18M 1,057.11M 1,018.74M 838.32M 704.80M 493.19M 340.87M 272.41M 300.54M 359.86M 214.53M 196.85M 192.75M 288.18M 136.93M 157.56M 125.79M 89.05M
Goodwill 5.43M 9.40M 7.99M 8.60M 9.48M 8.80M 7.37M 7.51M 11.22M 9.50M 5.82M 5.34M 7.76M 8.31M 1.90M 1.58M 1.80M 1.19M 0.70M 0.34M 0.09M 0.03M 0.06M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 107.67M 77.04M 66.89M 66.17M 60.76M 67.71M 73.81M 90.49M 74.10M 68.54M 53.45M 47.57M 49.08M 39.66M 41.90M 34.83M 22.01M 23.34M 13.73M 9.33M 3.83M 3.83M 5.98M 2.73M 2.46M 3.03M 2.58M 2.68M 4.55M 4.03M 3.23M
Long-Term Investments 282.65M 175.02M 214.66M 157.63M 153.45M 141.80M 123.97M 117.42M 149.18M 124.74M 139.19M 117.08M 113.09M 69.90M 57.35M 31.44M 23.30M 21.56M 25.19M 8.96M 8.16M 9.34M 10.97M 3.86M 4.28M 4.81M 3.24M 4.49M 0.30M 0.34M 0.81M
Tax Assets 13.81M 11.15M 10.98M 8.87M 11.57M 12.10M 11.73M 12.68M 9.59M 7.67M 8.57M 8.49M 6.71M 6.07M 4.74M 3.53M 3.42M 3.94M 2.09M 1.27M 1.11M 1.10M 0.74M 0.91M 2.17M 3.23M 0.04M 0.00M 0.00M 4.12M 3.98M
Other Non-Current Assets 52.66M 85.64M 62.16M 77.05M 57.97M 52.14M 50.92M 52.35M 35.98M 47.13M 39.94M 53.66M 46.83M 42.67M 47.40M 46.10M 45.01M 55.06M 39.84M 30.71M 13.29M 13.78M 17.36M 57.51M 16.76M 33.28M 54.48M 19.92M 30.95M 8.40M 3.03M
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
Total Non-Current Assets 2,971.66M 2,661.89M 2,500.46M 2,348.47M 2,231.71M 1,964.34M 1,939.22M 1,831.75M 1,751.69M 1,572.34M 1,592.70M 1,556.30M 1,517.95M 1,326.79M 1,210.40M 1,136.21M 933.86M 809.90M 574.74M 391.48M 298.88M 328.62M 394.97M 279.54M 222.53M 237.10M 348.51M 164.02M 193.36M 142.68M 100.11M
Total Assets 3,731.89M 3,304.59M 3,114.50M 3,041.32M 2,825.43M 2,449.78M 2,384.68M 2,247.05M 2,191.35M 1,992.43M 1,943.28M 1,934.15M 1,882.14M 1,639.11M 1,494.46M 1,426.97M 1,140.46M 1,012.34M 761.68M 487.77M 377.32M 408.33M 463.44M 333.99M 291.67M 301.84M 421.95M 222.85M 268.68M 207.71M 139.33M
Accounts Payable 128.00M 101.86M 99.76M 101.60M 100.52M 86.08M 75.31M 77.52M 70.27M 60.15M 67.02M 68.34M 69.49M 63.28M 57.29M 48.49M 40.33M 32.88M 28.46M 23.90M 11.97M 14.28M 16.17M 11.73M 13.24M 14.78M 15.33M 9.01M 9.25M 13.08M 7.21M
Short-Term Debt 237.81M 116.96M 149.40M 160.67M 163.07M 165.86M 164.45M 161.11M 183.05M 143.25M 143.11M 141.35M 145.52M 106.40M 91.87M 94.18M 72.79M 67.04M 41.11M 28.03M 15.97M 19.17M 17.64M 12.61M 19.38M 22.34M 31.20M 16.10M 13.74M 15.44M 4.83M
Tax Payables 0.86M 10.12M 8.97M 9.65M 9.50M 7.74M 6.75M 7.15M 6.28M 5.91M 4.68M 4.18M 4.37M 3.56M 3.34M 3.55M 2.42M 4.03M 3.50M 1.64M 1.46M 1.58M 1.10M 0.64M 0.67M 0.88M 0.77M 0.50M 0.61M 0.66M 0.47M
Deferred Revenue 16.94M 2.86M 10.35M 24.76M 77.06M 52.53M 54.89M 16.05M 35.33M 29.99M 24.27M 26.92M 31.69M 21.70M 19.93M 19.39M 14.99M 12.58M 11.61M 7.09M 4.89M 3.59M 3.26M 4.00M 7.09M 6.26M 5.04M 2.67M 2.89M 2.04M 2.40M
Other Current Liabilities 114.84M 116.22M 114.64M 91.50M 95.28M 82.74M 67.87M 79.44M 74.49M 78.98M 69.09M 66.86M 53.34M 63.62M 49.01M 40.13M 32.76M 37.02M 34.01M 14.63M 9.53M 12.32M 12.22M 13.35M 6.58M 9.31M 10.21M 5.96M 10.41M 6.67M 2.63M
Total Current Liabilities 498.45M 348.03M 383.12M 388.19M 445.43M 394.95M 369.27M 341.27M 369.43M 318.29M 308.18M 307.64M 304.40M 258.57M 221.44M 205.74M 163.28M 153.55M 118.69M 75.28M 43.81M 50.94M 50.39M 42.32M 46.96M 53.56M 62.54M 34.24M 36.89M 37.88M 17.54M
Long-Term Debt 676.47M 598.99M 655.13M 609.29M 640.60M 641.84M 629.72M 599.30M 579.23M 626.07M 634.28M 606.90M 590.22M 611.54M 508.89M 445.69M 385.64M 300.94M 181.58M 128.14M 112.71M 97.34M 82.89M 57.03M 62.85M 70.44M 98.08M 63.16M 82.80M 80.34M 52.37M
Capital Lease Obligations 2.19M 122.31M 123.21M 133.07M 109.82M 108.64M 89.91M 28.70M 19.34M 14.38M 10.09M 6.63M 3.95M 0.66M 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 0.00M 0.00M 0.00M
Deferred Tax Liabilities 23.98M 28.63M 18.76M 16.36M 18.86M 19.03M 19.45M 19.26M 15.15M 12.63M 10.72M 9.77M 9.46M 9.90M 8.43M 8.86M 7.11M 8.98M 6.54M 3.34M 1.23M 1.30M 1.18M 1.00M 0.56M 0.81M 0.42M 0.31M 0.35M 0.31M 1.73M
Other Non-Current Liabilities 47.45M 49.11M 57.00M 52.33M 37.38M 35.83M 30.04M 30.76M 19.58M 29.21M 27.25M 42.77M 29.33M 26.92M 32.32M 24.99M 12.59M 24.28M 20.16M 8.47M 7.85M 12.07M 24.08M 17.30M 15.90M 13.42M 19.11M 4.94M 1.92M 1.68M 1.58M
Total Non-Current Liabilities 750.09M 799.05M 854.09M 811.06M 806.67M 805.33M 769.12M 678.03M 633.30M 682.29M 682.35M 666.06M 632.95M 649.01M 549.66M 479.54M 405.34M 334.20M 208.29M 139.95M 121.78M 110.71M 108.14M 75.32M 79.32M 84.67M 117.61M 68.41M 85.07M 82.34M 55.67M
Total Liabilities 1,248.55M 1,147.08M 1,237.22M 1,199.24M 1,252.10M 1,200.29M 1,138.39M 1,019.30M 1,002.73M 1,000.58M 990.53M 973.70M 937.36M 907.58M 771.09M 685.28M 568.63M 487.75M 326.98M 215.23M 165.59M 161.65M 158.53M 117.64M 126.28M 138.23M 180.15M 102.66M 121.96M 120.22M 73.21M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.21M 0.06M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 350.60M 234.65M 241.26M 249.06M 240.23M 224.77M 201.47M 201.04M 233.38M 226.39M 206.42M 196.24M 172.55M 161.19M 126.33M 127.46M 89.63M 76.47M 68.85M 40.21M 32.10M 31.35M 33.82M 30.30M 31.23M 33.96M 35.94M 21.41M 26.95M 27.95M 16.29M
Retained Earnings 864.79M 794.11M 773.14M 705.57M 509.60M 355.78M 319.11M 326.35M 294.76M 274.89M 271.39M 277.70M 238.98M 176.72M 177.13M 158.32M 136.05M 166.67M 129.86M 60.69M 35.88M 36.58M 26.07M 21.70M 20.28M 16.95M 46.57M 31.25M 46.49M 34.27M 26.62M
Accumulated OCI 274.71M 116.06M 71.89M 105.73M 86.62M 47.29M 67.20M 58.77M 38.21M 53.83M 46.07M -13.46M -16.22M -13.20M -16.05M -8.52M -9.58M -4.03M -0.11M 0.00M 0.00M -0.04M -0.18M 0.00M 0.00M -0.55M -0.37M -2.09M -3.55M -0.54M -0.56M
Minority Interest 102.34M 67.59M 63.92M 59.29M 55.32M 46.79M 43.68M 43.84M 36.57M 40.57M 33.78M 36.34M 40.90M 35.57M 32.07M 27.68M 12.02M 12.03M 7.69M 4.54M 3.77M 6.44M 6.19M 5.98M 4.71M 10.99M 2.99M 0.54M 0.42M 0.37M 0.05M
Total Shareholders’ Equity 1,490.10M 1,144.82M 1,086.29M 1,060.36M 836.45M 627.84M 587.78M 586.16M 566.35M 555.11M 523.88M 460.69M 395.38M 324.70M 287.41M 277.27M 216.10M 239.11M 198.60M 100.90M 67.99M 67.89M 59.71M 52.00M 51.51M 50.37M 82.14M 50.57M 69.90M 61.68M 42.35M
Total Equity 1,592.45M 1,212.40M 1,150.21M 1,119.65M 891.77M 674.63M 631.45M 630.00M 602.92M 595.68M 557.66M 497.02M 436.28M 360.28M 319.48M 304.95M 228.13M 251.14M 206.29M 105.44M 71.76M 74.33M 65.90M 57.98M 56.23M 61.36M 85.13M 51.11M 70.32M 62.05M 42.39M
Total Liabilities & Equity 2,840.99M 2,359.48M 2,387.43M 2,318.90M 2,143.86M 1,874.92M 1,769.84M 1,649.29M 1,605.64M 1,596.25M 1,548.19M 1,470.73M 1,373.64M 1,267.86M 1,090.58M 990.23M 796.75M 738.89M 533.27M 320.68M 237.35M 235.98M 224.43M 175.62M 182.51M 199.59M 265.28M 153.77M 192.29M 182.27M 115.60M
Tangible Assets 3,618.79M 3,218.15M 3,039.63M 2,966.56M 2,755.19M 2,373.27M 2,303.50M 2,149.06M 2,106.03M 1,914.39M 1,884.01M 1,881.24M 1,825.31M 1,591.15M 1,450.66M 1,390.56M 1,116.65M 987.81M 747.25M 478.10M 373.41M 404.47M 457.40M 331.26M 289.20M 298.81M 419.37M 220.17M 264.13M 203.68M 136.11M
Tangible Equity 1,479.35M 1,125.97M 1,075.34M 1,044.88M 821.53M 598.12M 550.27M 532.00M 517.60M 517.64M 498.39M 444.12M 379.44M 312.31M 275.69M 268.54M 204.32M 226.61M 191.86M 95.77M 67.85M 70.47M 59.86M 55.25M 53.76M 58.33M 82.56M 48.43M 65.77M 58.02M 39.16M
Tangible Book Value 1,479,346,206.95 1,125,965,550.36 1,075,342,627.42 1,044,883,628.77 821,532,685.26 598,119,824.29 550,271,939.81 531,997,344.35 517,596,972.81 517,635,504.59 498,394,074.71 444,117,950.99 379,444,072.83 312,312,971.22 275,685,476.09 268,539,751.97 204,317,437.75 226,608,696.58 191,861,143.09 95,772,877.05 67,846,833.71 70,466,128.75 59,856,438.07 55,248,693.20 53,763,318.54 58,333,851.19 82,555,250.71 48,431,548.94 65,772,188.26 58,020,974.04 39,160,872.82
Total Investments 344.68M 236.49M 269.12M 236.40M 214.22M 162.46M 181.27M 185.23M 177.06M 166.62M 174.16M 169.72M 171.48M 120.42M 136.36M 118.58M 106.78M 85.71M 61.00M 33.27M 19.69M 17.51M 21.88M 18.91M 19.68M 45.90M 20.28M 19.30M 14.51M 4.74M 1.63M
Net Debt 493.51M 379.88M 473.55M 419.83M 518.04M 555.98M 587.16M 590.20M 602.94M 577.90M 632.70M 595.63M 593.09M 555.14M 442.27M 362.16M 336.49M 260.52M 144.96M 109.20M 92.57M 76.02M 69.26M 49.73M 53.81M 65.12M 103.27M 57.36M 79.28M 85.68M 47.51M

Industry Capital Metrics

Metric MRQ 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 1995
Working Capital 188.72M 130.29M 110.45M 146.82M 44.60M 82.52M 34.02M 72.67M 0.26M 48.86M 48.16M 4.24M -13.15M 58.16M 81.33M 64.93M 30.98M 42.98M 38.78M 28.38M 36.92M 32.62M 21.69M 15.81M 15.43M 23.77M 21.21M 16.52M 20.16M 49.52M 22.64M
Total Capital 3,288.91M 2,968.79M 2,743.19M 2,644.06M 2,455.25M 2,156.18M 2,103.15M 1,966.56M 1,930.71M 1,822.63M 1,805.53M 1,719.59M 1,633.33M 1,487.69M 1,390.04M 1,281.49M 1,061.71M 877.65M 718.04M 463.79M 334.63M 312.10M 290.29M 254.05M 273.41M 304.55M 299.17M 199.17M 227.15M 189.00M 126.49M
Capital Employed 3,292.63M 3,024.52M 2,826.48M 2,709.01M 2,511.55M 2,303.07M 2,206.61M 2,117.71M 2,023.96M 2,033.61M 1,929.20M 1,801.67M 1,815.22M 1,798.24M 1,634.40M 1,523.07M 1,275.31M 1,055.78M 847.52M 535.57M 382.59M 466.99M 524.04M 401.78M 445.48M 444.54M 360.53M 191.01M 195.63M 172.56M 140.89M
Invested Capital 2,868.13M 2,632.71M 2,412.20M 2,293.93M 2,169.62M 1,904.45M 1,896.15M 1,796.36M 1,771.37M 1,631.21M 1,660.84M 1,566.97M 1,490.68M 1,324.89M 1,231.55M 1,103.78M 939.78M 770.20M 640.30M 416.81M 298.52M 271.62M 259.01M 234.15M 244.99M 276.90M 273.17M 177.26M 209.88M 178.90M 116.81M

Industry Cash Flow

Metric TTM 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 1995
Depreciation & Amortization 77.26M 145.69M 150.25M 143.37M 121.19M 109.90M 104.08M 86.55M 82.21M 79.52M 79.14M 73.69M 69.74M 66.76M 59.28M 54.76M 43.67M 34.79M 25.93M 16.13M 11.85M 11.03M 8.48M 9.15M 5.82M 3.88M 8.90M 8.44M 22.68M -1.84M -6.64M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M -0.55M -0.19M 0.23M -0.02M 0.16M 0.07M 0.38M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.05M 0.00M 0.21M
Stock-Based Compensation 0.04M 0.33M 0.39M 0.44M 0.30M 0.30M 0.25M 0.30M 0.28M 0.14M 0.19M 0.05M 0.07M 0.08M 0.03M 0.11M 0.03M 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
Change in Working Capital -9.01M -7.48M -0.56M 0.06M -6.27M 4.68M -1.77M -7.97M -14.91M -1.10M 0.44M -5.51M -11.52M -11.48M -10.44M -2.77M -1.35M -4.52M -2.15M -2.00M 1.14M 0.14M -0.16M -0.58M 1.13M -0.25M -2.74M -0.69M -12.99M -1.88M 1.58M
Accounts Receivable -5.88M -15.17M 0.36M -7.12M -22.24M -0.16M -3.44M -9.85M -12.32M -1.40M 4.19M -7.32M -4.05M -3.03M 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 -1.67M -1.78M -4.15M
Inventory 0.12M -0.06M -0.28M -4.73M -6.51M 1.44M 0.66M -4.69M -3.17M -0.70M 4.05M -0.18M -0.95M -1.15M -3.77M -1.59M -0.38M 0.15M -1.85M -0.72M -0.24M -0.07M -0.09M -0.11M 0.22M -0.01M 0.14M 0.08M 0.03M -0.64M 0.14M
Accounts Payable 0.00M 3.00M -0.67M 5.79M 17.57M 2.21M 1.61M 3.98M 4.21M -0.64M -2.32M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1.11M 1.55M
Other Working Capital -0.27M 0.82M -3.61M -3.35M -0.02M 3.30M -2.01M 5.26M -4.39M 0.89M -3.30M -1.84M -5.04M -6.01M -5.58M -0.86M -0.17M -4.77M -0.37M -0.81M 1.40M 0.43M 0.06M 1.27M -0.51M 0.53M -3.86M -1.25M -0.82M -0.42M -2.06M
Other Non-Cash Items 26.90M -8.76M -10.19M -14.42M -1.07M 18.49M 10.78M 7.82M 1.07M 6.16M 7.26M -1.66M 3.57M 3.39M 3.53M 5.99M -2.29M -3.40M -7.52M -6.56M -0.71M -0.16M 2.89M 4.81M 13.48M 5.07M 2.40M 9.56M -5.31M 7.85M 25.16M
Net Cash from Operating Activities 329.67M 360.31M 301.16M 398.31M 289.46M 208.63M 165.73M 150.61M 126.56M 133.87M 143.78M 132.43M 102.58M 88.67M 89.76M 116.87M 70.24M 120.48M 85.10M 56.19M 50.29M 49.83M 42.01M 28.45M 44.41M 31.79M 24.53M 19.46M 53.72M 46.30M 35.17M
Capital Expenditures (PPE) -148.86M -178.08M -183.55M -160.46M -173.98M -102.21M -109.78M -119.71M -99.67M -106.24M -112.20M -118.01M -141.62M -120.47M -123.24M -120.65M -102.56M -155.71M -107.83M -65.37M -51.22M -43.12M -19.26M -18.78M -16.42M -18.66M -13.79M -15.53M -117.49M -61.89M -65.86M
Acquisitions (Net) 0.51M -0.09M 1.61M 4.44M 5.12M -1.87M 6.69M -0.58M -1.68M 4.42M 1.17M 6.03M 2.55M 1.59M -0.52M 1.18M -1.96M -3.01M -1.15M -0.82M 0.06M -0.87M 0.24M -0.70M 0.07M 0.03M 6.93M 3.58M 0.13M 2.41M 3.29M
Purchases of Investments -2.52M -13.47M -17.15M -57.81M -28.49M -26.84M -29.37M -34.49M -33.73M -14.47M -20.19M -17.04M -8.24M -7.19M -7.73M -9.38M -9.17M -7.56M -11.20M -4.30M -1.58M -3.48M -2.03M -3.34M -4.79M -12.01M -5.97M -4.87M -1.22M -3.71M -20.18M
Sales / Maturities of Investments 7.13M 16.48M 20.45M 22.35M 23.13M 26.72M 35.42M 33.87M 31.85M 24.88M 16.04M 12.65M 7.74M 7.60M 4.32M 7.40M 9.43M 11.64M 7.21M 4.59M 0.96M 0.67M 2.16M 5.42M 3.96M 6.09M 3.26M 4.20M 0.44M 8.06M 0.63M
Other Investing Activities 14.77M 39.98M 32.05M 30.29M 15.22M 16.03M 6.20M 15.34M 10.95M 8.67M 16.46M 15.47M 18.48M 9.76M 15.14M 16.79M 7.36M 10.34M 14.55M 3.89M 3.66M 2.90M 3.35M 1.21M 0.07M 0.49M -0.54M 5.09M 13.87M 4.67M 9.20M
Net Cash from Investing Activities -142.69M -177.83M -144.95M -134.61M -149.92M -100.73M -101.77M -101.65M -89.92M -70.52M -105.74M -103.71M -118.67M -106.32M -120.33M -106.79M -100.41M -145.70M -117.17M -65.97M -64.66M -43.08M -30.42M -25.52M -22.40M -19.79M -26.47M -13.57M -45.65M -31.49M -24.68M
Net Debt Issuance -25.27M -19.06M -52.37M -79.37M -56.05M -35.88M -36.58M -5.48M 15.50M -8.16M 15.92M 7.61M 11.95M 41.17M 40.15M 23.53M 44.02M 63.71M 35.47M 15.51M 1.76M -2.00M -5.90M -6.39M -10.65M -1.15M -0.61M 3.10M -3.22M 8.82M 2.63M
Long-Term Debt Issuance -11.93M -17.40M -52.38M -74.91M -40.22M -20.52M -46.86M -0.43M 17.83M -1.79M 11.75M 11.13M 15.49M 40.83M 42.55M 34.82M 41.63M 70.22M 35.27M 13.33M 6.91M -1.00M -5.61M -6.42M -10.65M -1.13M 0.29M 5.27M -3.22M 8.82M 2.63M
Short-Term Debt Issuance -7.14M 0.00M -0.86M -4.23M -6.77M -6.17M -1.19M -0.14M 0.00M 0.00M -0.47M -0.63M 0.00M 0.00M 0.00M -0.05M 0.00M 0.00M 0.00M 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 -0.20M -6.86M -0.86M -0.62M 0.00M -0.21M -0.04M 0.00M 0.02M 0.00M 0.03M 0.19M 0.36M 0.19M 0.01M 7.20M 0.01M -0.07M 0.66M 0.05M 0.34M 0.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1.41M 0.00M -2.40M
Common Stock Issuance 0.00M 0.00M 0.00M 0.06M 0.15M 0.04M 0.06M 0.16M 4.37M 0.14M 0.36M 1.17M 3.25M 0.37M 0.39M 10.60M 0.07M 0.32M 2.01M 0.85M 1.27M 0.33M 0.02M 0.02M 0.01M 0.01M 0.03M 0.11M 2.78M 0.41M 2.41M
Common Stock Repurchased -0.20M -4.18M -2.06M -1.83M -0.09M -0.48M -0.17M -0.06M 0.00M -0.04M -0.01M -0.11M 0.00M 0.00M 0.00M 0.00M -0.03M -0.43M -0.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.93M -1.15M -0.37M -3.31M
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
Net Dividends Paid -36.04M -87.50M -87.02M -73.37M -37.23M -29.98M -20.97M -27.54M -25.70M -33.17M -32.97M -28.75M -24.96M -21.58M -28.06M -16.67M -20.54M -35.15M -21.24M -15.17M -12.69M -11.57M -6.14M -5.25M -7.18M -7.43M -6.00M -5.02M -5.30M -2.86M -4.83M
Common Dividends Paid -35.79M -86.04M -80.76M -76.18M -42.16M -32.47M -24.65M -25.78M -22.66M -29.94M -29.60M -28.49M -22.57M -19.27M -25.74M -16.54M -20.23M -33.81M -19.56M -14.16M -12.84M -12.05M -6.04M -5.25M -7.18M -7.52M -6.00M -5.02M -5.29M -2.86M -4.83M
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
Other Financing Activities -69.32M -36.83M -37.11M -27.76M -17.85M -16.10M -8.09M -11.44M -10.59M -9.52M -8.64M -5.62M -3.64M -6.21M -4.06M -2.18M 1.30M -1.62M 4.64M 3.92M 3.41M 1.00M 1.60M 0.29M 1.74M 0.86M 9.94M 1.84M 1.63M 1.13M -1.58M
Net Cash from Financing Activities -179.99M -149.23M -206.91M -234.19M -129.57M -85.60M -66.98M -40.21M -26.44M -39.34M -46.57M -6.92M 17.65M 10.33M 4.31M 30.59M 35.53M 21.94M 61.12M 22.19M 6.41M -8.20M -14.42M -11.37M -12.68M -10.00M 5.72M 6.21M 68.84M 22.38M -15.07M
Effect of FX on Cash 0.26M 1.09M -0.11M 1.17M -0.02M -0.90M 0.20M -0.05M -0.73M 0.56M 0.29M 0.02M 0.02M -0.02M -0.15M -0.01M -0.02M -0.12M 0.07M 0.00M -0.01M -0.01M -0.01M 0.02M 0.00M -0.02M -0.02M 0.00M 0.00M -0.16M -0.15M
Net Change in Cash 29.36M 7.13M -8.57M 39.55M 56.99M 35.07M 8.93M -10.21M -3.68M 4.50M 2.61M 18.17M 7.34M -1.52M -10.05M 43.78M 3.21M 9.84M 22.42M 2.06M 8.85M 8.17M 3.84M -4.03M 2.82M -3.15M 5.46M 4.28M -0.23M -1.74M 5.20M
Cash at Beginning of Period 263.87M 321.59M 354.09M 258.37M 217.22M 202.49M 172.97M 168.26M 182.26M 140.33M 143.94M 136.22M 153.75M 158.58M 164.44M 126.27M 114.13M 86.35M 52.75M 43.08M 29.74M 23.30M 20.38M 23.77M 24.98M 28.50M 22.06M 23.24M 11.49M 13.21M 14.85M
Cash at End of Period 393.31M 330.84M 322.03M 336.85M 259.12M 222.07M 201.92M 172.03M 161.66M 179.14M 140.75M 145.21M 134.59M 152.53M 154.84M 181.18M 124.44M 109.77M 76.39M 46.82M 37.29M 42.02M 30.84M 20.71M 26.97M 27.80M 27.01M 27.01M 15.80M 11.35M 15.92M
Operating Cash Flow 328.52M 360.31M 301.78M 398.31M 289.23M 208.25M 165.73M 150.61M 126.61M 133.98M 143.78M 132.43M 102.58M 88.67M 89.76M 116.87M 70.24M 120.48M 85.10M 56.19M 50.29M 49.83M 42.01M 28.44M 44.41M 31.79M 24.53M 19.46M 53.72M 46.30M 35.17M
Capital Expenditure -161.56M -191.70M -183.54M -162.33M -174.01M -102.27M -110.32M -119.71M -99.67M -106.25M -112.21M -118.02M -141.63M -120.48M -123.04M -120.43M -102.56M -155.71M -108.09M -65.47M -51.22M -43.12M -19.26M -18.78M -16.42M -18.66M -13.79M -15.53M -117.49M -61.89M -65.86M
Free Cash Flow 169.05M 153.94M 131.86M 234.55M 112.46M 92.95M 73.26M 26.97M 23.20M 40.97M 25.89M 12.31M -24.81M -33.35M -26.96M 3.11M -33.79M -40.43M -12.12M -18.05M 4.95M 9.05M 10.32M 5.21M 16.63M 4.31M 2.00M -6.43M -80.56M -19.02M 6.33M

Industry Free Cash Flow

Metric TTM 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 1995
EBITDA 412.27M 445.89M 389.46M 450.59M 397.26M 258.39M 220.81M 176.99M 189.29M 145.56M 162.58M 162.76M 135.62M 121.29M 126.23M 155.13M 117.54M 147.78M 134.90M 75.42M 61.86M 61.76M 54.45M 37.26M 43.12M 33.95M 45.59M 30.89M 28.55M 12.47M 11.51M
(-) Tax Adjustment 49.29M 43.15M 38.18M 38.31M 30.41M 39.02M 47.75M 41.35M 36.61M 34.72M 29.46M 39.58M 27.43M 26.93M 29.13M 24.88M 23.05M 17.73M 15.40M 7.72M 5.88M 12.83M 13.53M 14.50M 11.71M 8.66M 11.85M 6.91M 8.37M 2.73M 1.92M
(-) Change In Working Capital -9.01M -7.48M -0.56M 0.06M -6.27M 4.68M -1.77M -7.97M -14.91M -1.10M 0.44M -5.51M -11.52M -11.48M -10.44M -2.77M -1.35M -4.52M -2.15M -2.00M 1.14M 0.14M -0.16M -0.58M 1.13M -0.25M -2.74M -0.69M -12.99M -1.88M 1.58M
(-) Capital Expenditure 161.56M 191.70M 183.54M 162.33M 174.01M 102.27M 110.32M 119.71M 99.67M 106.25M 112.21M 118.02M 141.63M 120.48M 123.04M 120.43M 102.56M 155.71M 108.09M 65.47M 51.22M 43.12M 19.26M 18.78M 16.42M 18.66M 13.79M 15.53M 117.49M 61.89M 65.86M
Unlevered Free Cash Flow 210.43M 218.51M 168.31M 249.90M 199.12M 112.42M 64.51M 23.90M 67.92M 5.69M 20.48M 10.68M -21.92M -14.63M -15.50M 12.59M -6.72M -21.15M 13.56M 4.23M 3.62M 5.67M 21.83M 4.55M 13.86M 6.88M 22.69M 9.13M -84.31M -50.27M -57.84M
(-) Net Interest Income After Taxes -36.25M -36.62M -37.31M -32.61M -32.50M -31.10M -34.75M -29.24M -27.11M -22.83M -23.97M -21.78M -23.19M -18.17M -18.42M -17.09M -12.99M -13.07M -8.70M -4.28M -2.96M -1.51M -1.32M -1.16M -1.78M -2.40M -0.82M -0.71M -0.48M -0.47M -0.23M
Net Debt Issuance -25.27M -19.06M -52.37M -79.37M -56.05M -35.88M -36.58M -5.48M 15.50M -8.16M 15.92M 7.61M 11.95M 41.17M 40.15M 23.53M 44.02M 63.71M 35.47M 15.51M 1.76M -2.00M -5.90M -6.39M -10.65M -1.15M -0.61M 3.10M -3.22M 8.82M 2.63M
Levered Free Cash Flow 221.41M 236.07M 153.24M 203.13M 175.58M 107.64M 62.68M 47.67M 110.53M 20.36M 60.37M 40.06M 13.22M 44.70M 43.07M 53.21M 50.28M 55.64M 57.73M 24.02M 8.35M 5.19M 17.25M -0.67M 4.99M 8.13M 22.89M 12.95M -87.05M -40.97M -54.99M