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Definitive Analysis

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Page: Industry Financials

5105.T

Industry Analysis

Master Data Export

Industry Enterprise Value

Metric MRQ 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 3,897.88 10.80 14.56 17.54 15.07 18.74 15.27 16.31 17.55 20.65 17.51 16.87 14.94 16.20 11.66 10.24 10.66 6.24 7.06 13.21 11.42 8.81 6.76 4.37 3.35 4.09 3.01 5.12 7.59 7.05 6.36
Market Capitalization 64,907.50M 1,065.68M 3,186.22M 3,360.50M 2,997.10M 3,814.15M 3,226.53M 3,406.84M 3,256.05M 4,138.00M 3,239.64M 2,916.68M 2,550.73M 2,248.45M 1,720.53M 1,627.14M 1,708.88M 1,030.40M 867.62M 1,430.82M 1,209.50M 804.10M 390.48M 295.66M 399.42M 444.93M 491.72M 413.30M 465.97M 395.81M 353.05M
(-) Cash & Equivalents 0.00M 177.95M 698.92M 737.35M 674.10M 758.50M 750.86M 505.95M 482.49M 517.59M 464.78M 405.03M 360.55M 303.78M 281.63M 255.48M 216.03M 177.74M 140.00M 141.50M 117.65M 95.73M 44.10M 28.42M 28.06M 35.42M 33.38M 31.21M 19.87M 9.15M 8.97M
(+) Total Debt 0.00M 254.44M 1,583.13M 1,716.23M 1,685.86M 1,745.78M 1,541.52M 1,502.21M 1,254.44M 1,136.93M 1,044.62M 957.40M 819.64M 767.92M 644.65M 560.85M 445.43M 427.71M 514.43M 410.92M 298.59M 274.35M 160.16M 81.47M 92.68M 101.87M 105.88M 143.13M 109.23M 47.79M 43.35M
Enterprise Value 64,907,497,760.00 1,173,752,781.05 4,424,315,230.47 4,784,893,284.37 4,387,762,973.92 4,997,694,879.33 4,097,146,636.00 4,200,950,197.39 3,859,059,718.21 4,870,980,084.85 3,712,387,799.65 3,359,882,577.39 2,984,176,089.92 2,613,014,733.93 2,265,165,499.72 2,018,574,298.53 1,911,409,478.47 1,310,753,164.43 1,236,876,329.68 1,678,523,811.65 1,404,836,475.51 1,137,568,588.23 584,837,671.66 379,785,500.82 555,000,587.90 660,703,189.99 662,846,068.81 610,660,738.55 546,134,576.16 410,953,216.32 393,011,410.79

Industry Income Statement

Metric TTM 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
Revenue 5,767.53M 1,499.85M 6,483.17M 6,764.51M 6,113.73M 5,778.87M 4,987.70M 5,279.01M 5,171.46M 4,657.86M 4,413.30M 4,051.67M 3,762.67M 3,485.25M 3,150.54M 2,883.93M 2,443.59M 2,111.23M 2,317.71M 2,179.33M 1,647.86M 1,377.60M 611.10M 341.17M 424.50M 629.56M 714.53M 664.26M 492.12M 308.53M 307.65M
Cost of Revenue 3,143.03M 1,180.36M 4,712.23M 5,035.01M 4,636.10M 4,103.06M 3,850.96M 4,028.43M 3,898.18M 3,445.55M 3,350.78M 3,028.63M 2,935.79M 2,702.58M 2,484.30M 2,066.81M 1,768.16M 1,600.24M 1,766.18M 1,589.58M 1,265.63M 1,081.91M 431.15M 245.56M 276.97M 443.03M 531.71M 482.78M 377.39M 209.89M 215.64M
Gross Profit 2,624.50M 319.50M 1,770.94M 1,729.50M 1,477.63M 1,675.81M 1,136.73M 1,250.58M 1,273.28M 1,212.31M 1,062.52M 1,023.04M 826.88M 782.67M 666.24M 817.12M 675.44M 510.99M 551.53M 589.75M 382.23M 295.68M 179.95M 95.61M 147.54M 186.54M 182.82M 181.47M 114.73M 98.64M 92.00M
Gross Margin 45.5% 21.3% 27.3% 25.6% 24.2% 29.0% 22.8% 23.7% 24.6% 26.0% 24.1% 25.2% 22.0% 22.5% 21.1% 28.3% 27.6% 24.2% 23.8% 27.1% 23.2% 21.5% 29.4% 28.0% 34.8% 29.6% 25.6% 27.3% 23.3% 32.0% 29.9%
R&D Expenses 8.24M 4.41M 133.49M 137.65M 133.79M 121.72M 128.83M 122.48M 121.36M 94.79M 87.90M 73.64M 61.03M 50.06M 28.94M 17.67M 14.73M 9.62M 9.25M 5.89M 3.40M 2.29M 0.33M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
SG&A Expenses 1,685.34M 158.67M 497.94M 582.30M 466.38M 407.16M 419.12M 442.08M 414.27M 393.81M 379.14M 363.80M 335.09M 262.90M 218.91M 163.16M 152.99M 125.08M 141.61M 151.10M 142.84M 119.77M 66.43M 47.97M 56.96M 71.56M 82.95M 63.61M 50.58M 47.51M 45.87M
Operating Expenses 1,693.58M 163.08M 631.43M 719.95M 600.17M 528.88M 547.95M 564.57M 535.62M 488.60M 467.03M 437.45M 396.12M 312.96M 247.85M 180.83M 167.72M 134.70M 150.86M 156.99M 146.24M 122.05M 66.77M 47.97M 56.96M 71.56M 82.95M 63.61M 50.58M 47.51M 45.87M
Operating Income 930.92M 156.42M 1,139.52M 1,009.55M 877.47M 1,146.93M 588.79M 686.01M 737.66M 723.70M 595.49M 585.60M 430.76M 469.71M 418.39M 636.30M 507.71M 376.28M 400.67M 432.77M 235.99M 173.63M 113.18M 47.64M 90.58M 114.97M 99.87M 117.86M 64.15M 51.13M 46.13M
Operating Margin 16.1% 10.4% 17.6% 14.9% 14.4% 19.8% 11.8% 13.0% 14.3% 15.5% 13.5% 14.5% 11.4% 13.5% 13.3% 22.1% 20.8% 17.8% 17.3% 19.9% 14.3% 12.6% 18.5% 14.0% 21.3% 18.3% 14.0% 17.7% 13.0% 16.6% 15.0%
Interest Income 2.28M 4.34M 23.05M 24.04M 16.61M 11.48M 9.17M 8.76M 7.34M 6.19M 5.34M 5.52M 4.03M 4.20M 4.32M 3.67M 3.45M 3.87M 3.99M 2.34M 1.16M 1.03M 0.61M 0.16M 0.18M 0.23M 0.14M 0.00M 0.00M 0.00M 0.00M
Interest Expense 116.11M 11.95M 79.32M 72.20M 54.78M 46.74M 47.56M 45.87M 39.39M 36.35M 32.32M 28.53M 25.98M 23.57M 23.64M 23.63M 23.62M 22.02M 22.30M 14.06M 8.01M 6.52M 4.46M 1.60M 2.03M 2.03M 1.66M 1.16M 0.91M 0.96M 0.83M
Net Interest Income -113.83M -7.61M -56.27M -48.16M -38.17M -35.26M -38.39M -37.11M -32.04M -30.16M -26.98M -23.01M -21.95M -19.37M -19.31M -19.97M -20.18M -18.15M -18.31M -11.72M -6.85M -5.49M -3.84M -1.44M -1.85M -1.80M -1.52M -1.16M -0.91M -0.96M -0.83M
Other Income / Expense -65.84M -53.50M -731.24M -615.07M -551.85M -799.15M -381.73M -324.47M -342.59M -334.05M -249.61M -281.11M -148.91M -225.22M -219.63M -439.62M -349.71M -341.10M -300.13M -320.70M -164.30M -107.45M -69.00M -29.10M -73.42M -102.38M -66.35M -82.08M -35.96M -19.76M -20.40M
Pre-Tax Income 751.25M 95.31M 352.02M 346.32M 287.45M 312.52M 168.66M 324.44M 363.02M 359.49M 318.90M 281.48M 259.90M 225.12M 179.44M 176.71M 137.82M 17.04M 82.23M 100.34M 64.83M 60.69M 40.34M 17.10M 15.31M 10.80M 32.00M 34.62M 27.28M 30.41M 24.90M
Pre-Tax Margin 13.0% 6.4% 5.4% 5.1% 4.7% 5.4% 3.4% 6.1% 7.0% 7.7% 7.2% 6.9% 6.9% 6.5% 5.7% 6.1% 5.6% 0.8% 3.5% 4.6% 3.9% 4.4% 6.6% 5.0% 3.6% 1.7% 4.5% 5.2% 5.5% 9.9% 8.1%
Income Tax Expense 167.15M 28.50M 91.85M 89.68M 80.79M 69.13M 51.02M 83.48M 93.24M 100.37M 81.81M 89.23M 68.06M 62.04M 44.79M 38.81M 33.97M 19.50M 39.92M 37.30M 24.44M 25.82M 13.22M 7.91M 11.19M 3.62M 10.02M 11.35M 8.84M 10.10M 8.08M
Tax Rate 22.2% 29.9% 26.1% 25.9% 28.1% 22.1% 30.3% 25.7% 25.7% 27.9% 25.7% 31.7% 26.2% 27.6% 25.0% 22.0% 24.6% 35.0% 35.0% 35.0% 35.0% 35.0% 32.8% 35.0% 35.0% 33.5% 31.3% 32.8% 32.4% 33.2% 32.4%
Net Income 584.10M 66.81M 260.16M 256.64M 206.66M 243.39M 117.64M 240.96M 269.79M 259.12M 237.08M 192.25M 191.84M 163.09M 134.65M 137.90M 103.85M -2.46M 42.32M 63.04M 40.40M 34.87M 27.11M 9.20M 4.13M 7.18M 21.98M 23.28M 18.45M 20.31M 16.82M
Net Margin 10.1% 4.5% 4.0% 3.8% 3.4% 4.2% 2.4% 4.6% 5.2% 5.6% 5.4% 4.7% 5.1% 4.7% 4.3% 4.8% 4.2% -0.1% 1.8% 2.9% 2.5% 2.5% 4.4% 2.7% 1.0% 1.1% 3.1% 3.5% 3.7% 6.6% 5.5%
EBIT 930.92M 156.42M 1,139.52M 1,009.55M 877.47M 1,146.93M 588.79M 686.01M 737.66M 723.70M 595.49M 585.60M 430.76M 469.71M 418.39M 636.30M 507.71M 376.28M 400.67M 432.77M 235.99M 173.63M 113.18M 47.64M 90.58M 114.97M 99.87M 117.86M 64.15M 51.13M 46.13M
Depreciation & Amortization 199.01M 70.89M 270.21M 285.50M 277.16M 264.91M 267.95M 257.96M 229.89M 200.41M 185.52M 168.51M 149.92M 133.84M 121.51M 121.02M 119.74M 118.37M 109.95M 90.14M 72.47M 64.09M 31.23M 16.02M 20.11M 27.74M 33.11M 24.52M 18.87M 11.45M 7.58M
EBITDA 1,129.93M 227.31M 1,409.73M 1,295.05M 1,154.62M 1,411.84M 856.73M 943.97M 967.55M 924.11M 781.00M 754.11M 580.68M 603.55M 539.90M 757.31M 627.46M 494.65M 510.62M 522.91M 308.46M 237.72M 144.41M 63.66M 110.69M 142.71M 132.98M 142.39M 83.03M 62.58M 53.71M
EBITDA Margin 19.6% 15.2% 21.7% 19.1% 18.9% 24.4% 17.2% 17.9% 18.7% 19.8% 17.7% 18.6% 15.4% 17.3% 17.1% 26.3% 25.7% 23.4% 22.0% 24.0% 18.7% 17.3% 23.6% 18.7% 26.1% 22.7% 18.6% 21.4% 16.9% 20.3% 17.5%
NOPAT 723.80M 109.64M 842.18M 748.13M 630.86M 893.22M 410.67M 509.50M 548.20M 521.64M 442.71M 399.96M 317.96M 340.27M 313.96M 496.56M 382.56M 244.58M 260.44M 281.30M 153.39M 112.86M 76.08M 30.97M 58.88M 76.43M 68.60M 79.23M 43.37M 34.15M 31.17M
NOPAT Margin 12.5% 7.3% 13.0% 11.1% 10.3% 15.5% 8.2% 9.7% 10.6% 11.2% 10.0% 9.9% 8.5% 9.8% 10.0% 17.2% 15.7% 11.6% 11.2% 12.9% 9.3% 8.2% 12.4% 9.1% 13.9% 12.1% 9.6% 11.9% 8.8% 11.1% 10.1%
Owner's Earnings 783.11M 137.70M 530.37M 542.14M 483.82M 508.30M 385.59M 498.91M 499.68M 459.53M 422.60M 360.76M 341.76M 296.93M 256.16M 258.92M 223.59M 115.91M 152.27M 153.18M 112.87M 98.96M 58.34M 25.21M 24.24M 34.91M 55.09M 47.80M 37.32M 31.76M 24.40M
Owner's Earnings Margin 13.6% 9.2% 8.2% 8.0% 7.9% 8.8% 7.7% 9.5% 9.7% 9.9% 9.6% 8.9% 9.1% 8.5% 8.1% 9.0% 9.2% 5.5% 6.6% 7.0% 6.8% 7.2% 9.5% 7.4% 5.7% 5.5% 7.7% 7.2% 7.6% 10.3% 7.9%
EPS 7.49 0.65 0.60 0.59 0.49 0.53 0.28 0.59 0.66 0.78 0.76 0.64 0.63 0.54 0.46 0.49 0.42 -0.01 0.25 0.40 0.21 0.21 0.12 0.04 0.01 0.03 0.09 0.09 0.08 0.08 0.07
EPS (Diluted) 7.49 0.65 0.60 0.59 0.49 0.53 0.28 0.59 0.66 0.78 0.76 0.64 0.63 0.54 0.46 0.49 0.42 -0.01 0.25 0.40 0.21 0.21 0.12 0.04 0.01 0.03 0.09 0.09 0.08 0.08 0.07
Shares (Diluted) 77.98M 102.05M 433.62M 433.80M 423.31M 461.83M 427.44M 407.92M 407.18M 332.21M 312.49M 300.75M 302.85M 300.11M 295.55M 283.38M 250.21M 196.66M 166.91M 159.53M 192.49M 165.45M 225.96M 246.50M 282.87M 256.21M 239.50M 249.91M 242.87M 240.04M 237.42M

Industry Balance Sheet

Metric MRQ 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
Cash & Cash Equivalents 287.64M 177.95M 698.92M 737.35M 674.10M 758.51M 750.90M 505.98M 482.49M 517.59M 464.78M 407.77M 360.55M 306.08M 281.63M 261.67M 224.19M 177.74M 142.85M 142.70M 118.64M 96.54M 44.10M 28.16M 28.06M 35.89M 33.12M 35.25M 20.53M 9.33M 9.77M
Short-Term Investments 0.00M 38.69M 89.20M 68.37M 83.98M 65.86M 55.13M 49.04M 48.57M 30.34M 35.71M 65.53M 49.73M 83.30M 39.78M 47.01M 48.81M 31.28M 34.05M 21.94M 10.57M 8.94M 2.21M 1.15M 1.01M 0.52M 1.38M 0.80M 1.98M 0.70M 0.93M
Cash & Short-Term Investments 287.64M 216.65M 788.11M 805.72M 758.08M 824.37M 806.03M 555.02M 531.06M 547.93M 500.49M 473.30M 410.27M 389.38M 321.41M 308.68M 273.01M 209.02M 176.89M 164.65M 129.21M 105.48M 46.31M 29.31M 29.07M 36.41M 34.51M 36.05M 22.51M 10.03M 10.69M
Net Receivables 0.00M 234.52M 997.67M 1,010.05M 1,009.84M 815.54M 783.83M 873.38M 804.32M 751.22M 692.67M 589.81M 540.21M 496.23M 424.16M 373.41M 348.81M 241.71M 291.16M 266.14M 214.11M 199.53M 64.66M 32.54M 34.91M 36.15M 35.85M 36.80M 32.25M 20.88M 20.04M
Inventory 7,144.35M 220.30M 837.40M 870.59M 863.04M 741.35M 600.83M 613.07M 585.26M 533.19M 484.92M 487.90M 442.22M 402.22M 388.93M 334.30M 286.60M 221.50M 258.19M 242.99M 181.73M 141.65M 89.12M 49.81M 60.66M 62.32M 102.56M 86.88M 61.12M 44.70M 48.57M
Other Current Assets 971.76M 44.16M 150.21M 171.12M 184.33M 167.01M 139.30M 132.68M 208.29M 147.38M 164.77M 135.41M 147.92M 118.20M 154.67M 93.91M 75.40M 71.70M 83.68M 94.02M 50.23M 37.16M 16.89M 14.33M 25.16M 19.55M 27.53M 36.97M 27.38M 20.32M 16.87M
Total Current Assets 8,403.75M 715.63M 2,773.40M 2,857.47M 2,815.29M 2,548.26M 2,329.99M 2,174.15M 2,128.92M 1,979.72M 1,842.85M 1,686.41M 1,540.62M 1,406.04M 1,289.18M 1,110.30M 983.83M 743.94M 809.93M 767.79M 575.27M 483.82M 216.98M 125.99M 149.81M 154.44M 200.45M 196.70M 143.26M 95.92M 96.17M
Property, Plant & Equipment 7,236.24M 493.05M 1,903.91M 1,983.08M 1,866.84M 1,828.66M 1,765.32M 1,668.40M 1,589.92M 1,448.06M 1,342.74M 1,276.51M 1,188.74M 1,056.54M 861.13M 792.40M 741.51M 688.82M 720.76M 636.55M 499.65M 422.81M 236.55M 136.98M 132.04M 224.67M 226.50M 238.89M 175.12M 63.41M 68.87M
Goodwill 0.00M 8.73M 274.43M 285.32M 270.86M 259.30M 201.44M 233.08M 240.81M 180.99M 150.51M 90.13M 86.05M 78.94M 49.81M 39.72M 27.75M 16.74M 26.56M 30.34M 16.24M 2.13M 0.12M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 16.33M 199.76M 218.23M 219.31M 213.33M 186.10M 182.78M 154.92M 128.55M 107.04M 77.68M 66.84M 59.19M 52.80M 42.15M 28.65M 18.33M 26.64M 23.30M 15.83M 22.13M 11.79M 6.80M 6.49M 5.44M 12.62M 19.99M 10.78M 8.05M 4.59M
Long-Term Investments 0.00M 89.06M 233.65M 242.16M 242.94M 196.94M 195.14M 187.01M 149.30M 144.97M 126.29M 125.80M 100.13M 91.86M 76.48M 74.04M 71.57M 59.90M 72.89M 61.03M 55.14M 44.96M 6.01M 0.60M 0.89M 0.00M 0.34M 0.00M 0.00M 0.00M 0.00M
Tax Assets 0.00M 14.83M 84.36M 94.49M 96.16M 86.37M 103.67M 83.95M 90.93M 76.64M 96.92M 63.69M 54.58M 40.58M 35.64M 24.60M 23.81M 24.08M 19.52M 16.14M 12.82M 13.32M 4.64M 1.79M 2.45M 0.16M 0.68M 0.07M 0.05M 0.00M 0.00M
Other Non-Current Assets 4,025.59M 36.08M 199.24M 143.08M 182.90M 169.78M 137.53M 83.05M 144.60M 111.69M 113.40M 117.05M 123.79M 107.95M 78.38M 81.75M 77.42M 47.09M 51.26M 58.28M 53.57M 48.31M 25.85M 18.16M 17.64M 15.44M 20.15M 22.63M 16.29M 15.51M 14.07M
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 11,261.84M 658.09M 2,895.35M 2,966.35M 2,879.01M 2,754.37M 2,589.19M 2,438.27M 2,370.47M 2,090.90M 1,936.89M 1,750.87M 1,620.14M 1,435.06M 1,154.24M 1,054.66M 970.72M 854.95M 917.63M 825.64M 653.25M 553.67M 284.96M 164.33M 159.51M 245.71M 260.29M 281.58M 202.24M 86.98M 87.53M
Total Assets 19,665.59M 1,373.71M 5,668.75M 5,823.83M 5,694.30M 5,302.63M 4,919.19M 4,612.42M 4,499.39M 4,070.61M 3,779.74M 3,437.28M 3,160.77M 2,841.10M 2,443.42M 2,164.96M 1,954.54M 1,598.88M 1,727.56M 1,593.43M 1,228.52M 1,037.49M 501.94M 290.32M 309.32M 400.15M 460.73M 478.28M 345.50M 182.90M 183.70M
Accounts Payable 8,262.34M 183.28M 1,046.54M 1,096.44M 1,041.00M 901.28M 797.82M 798.23M 825.68M 762.00M 632.20M 585.29M 511.36M 457.65M 434.93M 401.47M 350.01M 255.81M 313.23M 261.65M 192.73M 166.28M 76.79M 30.25M 30.14M 32.77M 31.80M 65.37M 63.06M 22.69M 24.22M
Short-Term Debt 0.00M 99.40M 418.30M 409.78M 391.16M 341.69M 338.53M 320.70M 298.10M 261.14M 233.09M 244.01M 237.46M 210.35M 180.77M 169.81M 129.70M 135.52M 173.60M 141.18M 98.57M 87.28M 50.43M 28.03M 24.66M 28.31M 37.65M 37.16M 23.70M 17.85M 20.04M
Tax Payables 0.00M 0.00M 61.80M 49.93M 55.26M 53.33M 42.47M 42.90M 39.52M 36.89M 30.88M 26.60M 27.91M 19.97M 18.27M 14.36M 14.41M 8.61M 13.24M 9.02M 6.45M 6.58M 1.63M 0.71M 1.25M 1.00M 0.70M 0.68M 0.48M 0.43M 0.42M
Deferred Revenue 0.00M 0.00M 1.25M 30.84M 53.68M 153.04M 162.25M 150.74M 81.20M 141.92M 142.82M 117.19M 108.93M 100.35M 73.60M 59.52M 46.07M 46.87M 37.91M 39.98M 32.92M 27.28M 4.09M 3.63M 6.67M 6.44M 5.36M 3.05M 3.57M 3.48M 1.91M
Other Current Liabilities 1,512.83M 82.20M 386.52M 379.86M 410.10M 282.93M 231.42M 249.02M 277.49M 228.00M 230.47M 178.26M 170.92M 171.45M 161.06M 139.31M 118.21M 112.77M 115.68M 105.51M 78.22M 54.91M 23.28M 8.42M 10.21M 5.88M 22.79M 26.28M 23.62M 15.67M 9.27M
Total Current Liabilities 9,775.17M 364.87M 1,914.41M 1,966.86M 1,951.20M 1,732.26M 1,572.49M 1,561.59M 1,521.99M 1,429.94M 1,269.46M 1,151.34M 1,056.58M 959.78M 868.62M 784.47M 658.39M 559.58M 653.65M 557.35M 408.90M 342.33M 156.21M 71.04M 72.92M 74.40M 98.30M 132.54M 114.44M 60.13M 55.86M
Long-Term Debt 8,623.11M 126.66M 949.38M 1,069.40M 1,052.24M 1,071.68M 984.49M 942.92M 832.86M 768.89M 728.43M 622.01M 546.53M 500.36M 410.80M 326.07M 288.96M 257.14M 266.98M 236.59M 214.86M 160.76M 96.67M 37.10M 69.44M 62.82M 60.69M 114.24M 78.79M 27.28M 24.81M
Capital Lease Obligations 0.00M 11.22M 110.32M 112.64M 105.16M 99.67M 91.88M 53.73M 5.28M 4.01M 4.80M 3.54M 2.94M 2.43M 0.83M 0.72M 0.73M 0.85M 0.00M 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 25.19M 76.79M 85.28M 86.73M 69.48M 60.46M 73.54M 77.22M 64.61M 48.26M 43.31M 33.22M 33.13M 24.71M 23.17M 22.62M 14.07M 17.84M 19.50M 18.49M 14.29M 4.35M 0.26M 0.65M 1.37M 0.78M 0.62M 0.50M 0.52M 0.40M
Other Non-Current Liabilities 1,356.68M 28.32M 201.22M 212.41M 192.46M 165.62M 161.14M 181.10M 192.35M 166.91M 172.92M 122.23M 150.07M 112.67M 81.31M 86.93M 65.18M 57.99M 62.47M 56.39M 43.35M 55.75M 25.01M 13.53M 12.70M 14.31M 43.12M 23.08M 11.14M 2.90M 4.06M
Total Non-Current Liabilities 9,979.80M 191.39M 1,337.71M 1,479.73M 1,436.58M 1,406.45M 1,297.97M 1,251.29M 1,107.71M 1,004.42M 954.42M 791.09M 732.76M 648.59M 517.64M 436.89M 377.50M 330.05M 347.30M 312.47M 276.70M 230.80M 126.02M 50.89M 82.79M 78.51M 104.58M 137.93M 90.43M 30.70M 29.27M
Total Liabilities 19,754.97M 556.27M 3,252.12M 3,446.59M 3,387.78M 3,138.72M 2,870.46M 2,812.88M 2,629.71M 2,434.36M 2,223.88M 1,942.43M 1,789.34M 1,608.37M 1,386.26M 1,221.36M 1,035.89M 889.63M 1,000.96M 869.82M 685.60M 573.13M 282.24M 121.93M 155.71M 152.91M 202.89M 270.47M 204.87M 90.83M 85.12M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 108.95M 0.00M 0.02M 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 0.00M 0.00M 0.00M 0.00M
Common Stock 0.00M 33.60M 143.74M 149.05M 147.70M 167.25M 146.51M 141.64M 144.63M 132.78M 135.70M 134.63M 117.56M 116.31M 108.72M 100.77M 79.47M 88.35M 85.01M 76.42M 64.33M 63.85M 31.05M 24.08M 26.01M 28.32M 25.38M 22.05M 12.31M 11.06M 7.89M
Retained Earnings -3,228.61M 493.41M 1,542.01M 1,458.33M 1,331.92M 1,288.29M 1,195.16M 1,276.77M 1,109.65M 976.09M 879.60M 764.43M 680.51M 615.03M 451.17M 415.40M 357.07M 318.17M 386.08M 339.03M 259.33M 254.41M 141.26M 57.86M 86.54M 95.68M 109.85M 92.00M 63.55M 46.82M 54.59M
Accumulated OCI 0.00M 114.77M 178.21M 50.92M 87.08M 48.80M -52.54M 5.68M 1.58M -2.28M 18.64M 82.63M 6.11M -6.07M -8.06M -2.85M -3.28M 0.00M 0.00M 0.00M 0.06M 0.00M 0.41M -0.02M -0.55M -1.62M -1.13M -0.50M -13.39M -4.67M -3.67M
Minority Interest 0.00M 31.81M 145.53M 138.00M 132.01M 124.61M 111.82M 107.96M 102.66M 89.89M 77.91M 69.47M 60.71M 50.59M 43.49M 38.28M 38.79M 30.81M 30.73M 30.99M 25.82M 23.08M 5.72M 2.54M 2.41M 1.92M 1.81M 0.83M 0.89M 0.90M 0.56M
Total Shareholders’ Equity -3,228.61M 641.78M 1,863.96M 1,658.30M 1,566.71M 1,504.33M 1,289.13M 1,533.04M 1,255.86M 1,106.61M 1,033.94M 981.68M 804.17M 725.27M 551.83M 513.32M 433.26M 406.53M 471.09M 415.46M 323.72M 318.26M 172.73M 81.91M 112.00M 122.38M 134.10M 113.55M 62.47M 53.21M 58.81M
Total Equity -3,228.61M 673.59M 2,009.49M 1,796.30M 1,698.72M 1,628.95M 1,400.95M 1,641.00M 1,358.52M 1,196.50M 1,111.86M 1,051.15M 864.88M 775.87M 595.31M 551.60M 472.05M 437.33M 501.83M 446.44M 349.54M 341.33M 178.45M 84.46M 114.41M 124.30M 135.92M 114.38M 63.36M 54.11M 59.36M
Total Liabilities & Equity 16,526.36M 1,229.86M 5,261.61M 5,242.89M 5,086.50M 4,767.66M 4,271.41M 4,453.88M 3,988.22M 3,630.86M 3,335.73M 2,993.58M 2,654.22M 2,384.24M 1,981.58M 1,772.96M 1,507.95M 1,326.96M 1,502.78M 1,316.26M 1,035.14M 914.46M 460.68M 206.38M 270.13M 277.20M 338.81M 384.85M 268.23M 144.94M 144.49M
Tangible Assets 19,665.59M 1,348.66M 5,194.56M 5,320.28M 5,204.13M 4,830.00M 4,531.66M 4,196.56M 4,103.67M 3,761.08M 3,522.19M 3,269.47M 3,007.87M 2,702.97M 2,340.81M 2,083.09M 1,898.14M 1,563.82M 1,674.36M 1,539.78M 1,196.45M 1,013.22M 490.04M 283.52M 302.83M 394.71M 448.11M 458.29M 334.72M 174.85M 179.11M
Tangible Equity -3,228.61M 648.54M 1,535.30M 1,292.75M 1,208.55M 1,156.32M 1,013.42M 1,225.14M 962.79M 886.96M 854.30M 883.34M 711.99M 637.73M 492.71M 469.73M 415.65M 402.27M 448.63M 392.80M 317.47M 317.07M 166.54M 77.66M 107.92M 118.86M 123.29M 94.39M 52.58M 46.06M 54.78M
Tangible Book Value -3,228,607,000.00 648,535,542.67 1,535,296,324.61 1,292,753,246.23 1,208,548,567.93 1,156,324,565.00 1,013,415,387.60 1,225,140,536.35 962,794,154.20 886,964,692.72 854,304,284.59 883,337,592.12 711,985,623.34 637,733,935.32 492,709,011.96 469,731,610.00 415,650,306.55 402,270,127.88 448,627,062.53 392,798,707.94 317,468,879.87 317,070,010.39 166,543,206.19 77,658,132.60 107,919,507.17 118,855,860.43 123,294,727.85 94,394,704.38 52,576,396.04 46,057,902.01 54,775,403.73
Total Investments 0.00M 127.36M 281.03M 296.30M 279.38M 225.18M 256.04M 242.43M 185.00M 206.56M 173.89M 166.77M 145.72M 127.51M 114.19M 123.27M 107.04M 81.82M 99.38M 110.07M 79.43M 67.21M 18.52M 9.58M 11.45M 6.78M 7.04M 3.23M 1.43M 0.37M 0.07M
Net Debt 8,335.47M 48.11M 668.77M 741.84M 769.30M 654.86M 572.13M 757.64M 648.48M 512.43M 496.74M 458.25M 423.45M 404.64M 309.93M 234.21M 194.47M 214.92M 297.74M 235.07M 194.80M 151.50M 102.99M 36.97M 66.05M 55.24M 65.22M 116.15M 81.96M 35.80M 35.08M

Industry Capital Metrics

Metric MRQ 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
Working Capital -1,371.42M 323.24M 778.10M 749.71M 677.10M 690.56M 634.89M 484.84M 577.08M 493.73M 408.23M 456.38M 471.72M 451.62M 366.27M 358.38M 294.88M 250.88M 181.65M 246.78M 132.92M 87.83M 65.96M 40.11M 55.62M 36.75M 24.93M 15.91M 37.11M 40.89M 43.21M
Total Capital 8,533.73M 951.34M 4,045.67M 4,082.98M 3,998.51M 3,827.87M 3,337.08M 3,400.84M 3,175.95M 2,877.41M 2,539.03M 2,374.56M 2,023.69M 1,810.20M 1,544.72M 1,360.79M 1,164.72M 990.56M 1,082.90M 1,044.72M 820.71M 742.12M 379.85M 216.39M 306.77M 309.02M 319.57M 417.20M 267.91M 160.83M 166.31M
Capital Employed 9,890.42M 1,012.85M 4,224.04M 4,575.34M 4,135.50M 4,028.86M 3,797.94M 3,390.13M 3,362.60M 3,005.89M 2,696.32M 2,532.07M 2,216.93M 2,009.70M 1,767.63M 1,640.24M 1,447.27M 1,326.45M 1,279.55M 1,253.01M 1,043.57M 774.63M 415.25M 189.95M 231.86M 472.84M 582.63M 554.75M 281.43M 144.60M 149.30M
Invested Capital 8,246.09M 773.38M 3,346.76M 3,345.63M 3,324.41M 3,069.36M 2,586.19M 2,894.86M 2,693.47M 2,359.82M 2,074.25M 1,966.79M 1,663.14M 1,504.12M 1,263.09M 1,099.12M 940.53M 812.83M 940.05M 902.01M 702.07M 645.58M 335.75M 188.23M 278.72M 273.13M 286.44M 381.95M 247.38M 151.49M 156.54M

Industry Cash Flow

Metric TTM 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
Depreciation & Amortization 201.73M 71.62M 257.42M 292.43M 283.36M 268.76M 271.23M 253.58M 232.52M 202.72M 191.47M 173.04M 153.99M 138.19M 123.92M 114.93M 116.33M 115.07M 105.18M 86.66M 70.69M 62.16M 31.39M 17.82M 32.73M 34.77M 34.01M 32.79M 20.22M 55.14M 46.10M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M -1.02M -3.66M -2.21M -1.04M 0.11M -0.62M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.15M 0.12M 0.31M 0.33M
Stock-Based Compensation 0.00M 0.00M 0.19M 1.18M 2.52M 1.71M 3.43M 2.17M 2.26M 2.89M 2.19M 1.83M 1.64M 0.75M 0.41M 0.00M 0.00M 0.00M 0.00M 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 -12.97M -9.01M -24.58M -31.95M -153.28M -80.53M 24.43M -29.12M -60.25M -46.45M -10.55M -27.88M -24.37M -13.50M -40.82M -51.54M -13.57M 16.93M -18.36M -10.46M -9.20M -5.97M -6.39M -0.40M 1.16M 2.52M -5.63M -5.04M -7.73M -8.06M -8.55M
Accounts Receivable -12.97M -2.00M 0.41M -57.85M -100.18M -28.42M 13.02M -11.82M -25.35M -42.51M -33.31M -23.19M -15.79M -8.11M -0.97M 0.00M 0.00M 0.00M 0.00M 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 -0.23M -4.75M -16.95M -20.79M -131.25M -101.48M -5.88M -18.28M -44.08M -45.18M -24.06M -23.42M -18.00M -13.38M -13.66M -39.76M -27.00M 15.74M -9.05M -11.61M -10.85M -8.59M -6.60M -3.49M 0.80M 0.09M -3.82M -2.69M -4.58M -11.29M -5.84M
Accounts Payable -0.21M 2.29M 5.36M 28.08M 79.53M 44.58M 9.21M 12.11M 23.21M 43.03M 34.10M 9.50M 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 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -0.35M -1.99M -3.66M 2.26M -7.82M -0.22M 10.81M -6.43M -28.33M -7.12M 4.09M -5.22M -3.11M -5.78M -22.52M -10.06M 0.63M -1.38M -6.83M 4.65M 2.18M 3.57M 1.13M 2.53M 0.64M -0.04M -1.09M -1.43M -3.50M 3.82M -1.01M
Other Non-Cash Items -679.44M 6.89M 29.56M 3.71M 4.80M -7.22M 22.17M -6.04M -5.94M 1.22M -2.94M -20.59M -17.39M -16.42M -15.94M -8.47M 6.48M -9.99M 1.38M -6.56M -11.75M -9.87M 1.56M 2.96M 10.53M 3.78M 2.65M 0.70M 1.31M 1.63M 3.04M
Net Cash from Operating Activities 82.99M 142.37M 575.03M 587.86M 416.21M 458.09M 472.82M 492.93M 450.24M 406.17M 451.00M 383.87M 317.73M 329.03M 206.22M 187.86M 203.25M 124.63M 131.54M 148.02M 123.12M 105.96M 57.05M 38.34M 50.53M 54.04M 39.47M 44.44M 33.98M 100.36M 117.52M
Capital Expenditures (PPE) -48.99M -87.56M -287.83M -327.36M -315.95M -265.97M -251.44M -311.57M -294.84M -285.59M -263.79M -254.49M -229.84M -210.67M -173.04M -145.81M -112.18M -109.18M -148.13M -135.16M -112.17M -96.97M -56.00M -37.83M -33.33M -38.14M -46.38M -53.96M -60.79M -158.85M -66.04M
Acquisitions (Net) 1.18M 2.51M -3.23M -2.95M -1.81M -2.65M -0.99M -1.02M -12.56M -8.45M -10.84M -8.27M -6.42M -4.67M -2.47M -0.01M 0.28M 0.22M -0.07M -1.66M -2.28M -0.68M 1.04M -0.01M 0.08M 0.04M 0.01M 0.01M 0.01M 0.00M 0.00M
Purchases of Investments -5.52M -19.24M -80.34M -36.32M -60.71M -41.24M -34.62M -28.37M -25.92M -24.47M -14.47M -17.59M -11.11M -15.24M -16.75M -12.55M -15.05M -9.38M -17.50M -12.13M -8.04M -7.11M -4.35M -2.55M -4.01M -2.54M -5.70M -1.87M -0.70M -2.70M -1.09M
Sales / Maturities of Investments 5.76M 27.45M 75.55M 61.49M 57.23M 36.22M 49.88M 40.26M 30.15M 22.81M 21.54M 22.27M 9.28M 9.99M 9.61M 10.45M 11.49M 11.99M 11.04M 11.08M 6.41M 5.97M 3.45M 1.83M 3.23M 2.69M 3.19M 3.28M 0.66M 1.44M 3.02M
Other Investing Activities -0.11M 0.52M -3.00M 3.87M 8.59M 14.48M 3.63M 6.59M 0.01M -0.03M 0.36M 5.80M 1.18M 1.00M 0.96M 0.07M -1.68M 1.97M 2.91M 4.46M 2.67M 1.06M 0.26M -0.22M -0.31M 0.71M 0.29M 1.86M 0.12M 0.79M -13.62M
Net Cash from Investing Activities -49.97M -95.95M -302.63M -342.54M -313.37M -271.90M -262.43M -284.26M -376.83M -324.64M -294.27M -281.45M -246.05M -243.26M -178.72M -155.83M -119.83M -105.48M -140.28M -127.93M -122.57M -107.63M -50.17M -34.50M -35.08M -34.63M -36.04M -45.61M -57.27M -162.28M -124.44M
Net Debt Issuance 3.68M -6.83M -28.26M 15.77M 21.79M 3.98M 75.52M 17.23M 54.38M 41.12M 8.65M 14.69M 30.27M 27.06M 20.86M 18.43M -29.20M 14.91M 26.25M 19.00M 17.82M 1.44M 5.49M 1.11M -7.11M -2.38M 6.09M 10.14M 7.91M 6.83M 46.60M
Long-Term Debt Issuance 2.74M -2.02M -18.95M 26.52M 27.55M 21.50M 63.53M 42.12M 72.12M 52.43M 13.41M 13.06M 37.22M 30.31M 40.16M 25.29M 1.07M 26.13M 9.14M 16.16M 14.85M 2.98M 7.83M 1.94M -7.64M 1.24M 5.25M 13.99M 7.91M 5.93M 45.95M
Short-Term Debt Issuance 8.83M -2.23M -13.69M -6.54M 0.06M -9.49M 5.44M 1.76M -3.68M -2.09M -5.47M 4.52M -1.12M -2.05M 1.09M 1.49M -15.95M -0.05M 8.68M -0.46M 0.28M 1.45M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -0.32M -4.09M -19.06M -3.70M -5.96M -3.77M -4.59M -12.74M -12.08M -12.46M -5.05M -0.65M -0.46M -0.09M -0.25M 0.16M 0.70M 0.35M 0.14M 0.07M 0.28M 0.28M 0.34M 0.10M 0.02M 0.22M 0.00M 0.03M 0.00M 2.78M 4.46M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.14M 0.04M 0.22M 0.01M 0.25M 0.03M 0.36M 0.27M 0.79M 0.56M 2.84M 1.35M 1.07M 1.19M 1.71M 1.63M 2.30M 1.28M 0.49M 0.21M 0.68M 0.36M 1.21M 0.76M 5.42M 4.70M
Common Stock Repurchased -0.35M -4.23M -25.44M -4.98M -7.53M -6.00M -9.65M -13.85M -14.66M -13.28M -5.65M -2.09M -0.76M -0.91M -0.31M -0.30M -0.02M -0.09M -0.34M -1.09M -0.19M -0.39M -0.06M 0.00M 0.00M 0.00M -0.27M -0.16M -0.20M -1.86M 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
Net Dividends Paid -1.76M -18.29M -62.33M -56.67M -48.48M -50.71M -46.88M -65.75M -62.99M -49.27M -47.11M -33.72M -30.06M -26.41M -20.69M -18.65M -11.22M -11.99M -15.18M -14.49M -11.65M -12.44M -8.64M -5.05M -5.04M -6.16M -5.34M -4.98M -4.35M -12.95M -7.60M
Common Dividends Paid -1.76M -18.27M -62.88M -55.18M -48.84M -51.74M -46.79M -60.51M -52.92M -45.00M -45.03M -29.97M -26.46M -23.09M -15.34M -14.88M -9.21M -11.54M -14.63M -14.72M -11.52M -12.08M -7.37M -5.05M -4.91M -6.17M -5.34M -4.98M -4.35M -10.93M -7.60M
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 -5.55M -15.99M -37.76M -30.48M -35.71M -28.90M -19.79M -10.44M -16.73M -14.18M -7.60M -0.13M -10.11M -6.93M -7.44M -4.42M -3.84M -1.61M -2.58M -1.56M -0.29M 0.33M 1.49M 0.07M -0.03M 0.99M 1.20M 0.37M 6.61M -0.02M 0.69M
Net Cash from Financing Activities -12.00M -47.63M -204.24M -166.39M -88.44M -89.34M 2.39M -96.14M -72.81M -72.45M -96.81M -54.46M -47.18M -26.94M -26.35M -7.48M -41.26M 18.05M -1.52M 2.46M 12.63M -9.84M -0.38M -3.08M -15.36M -4.35M -2.32M 15.94M 14.76M -1.80M 50.59M
Effect of FX on Cash 20.62M 1.15M 12.78M 2.36M 3.23M 7.87M -9.38M 0.01M -1.16M -3.95M -6.86M 4.39M 6.51M 4.14M -1.23M -3.62M 0.97M -5.78M -2.82M 1.91M 2.29M 0.02M 0.02M 0.00M 0.00M 0.00M -0.07M -0.02M -0.05M 0.15M 3.09M
Net Change in Cash 22.25M 2.81M 58.17M 32.73M -36.80M 11.55M 176.55M 25.96M 3.82M 40.99M 15.34M 28.43M 34.46M 39.31M 3.47M 17.76M 39.91M 11.95M 5.26M 19.86M 12.23M 1.76M 5.63M 2.85M -3.76M 7.32M 0.91M 4.28M 5.03M 4.20M 12.35M
Cash at Beginning of Period 42.05M 170.19M 646.07M 607.30M 669.90M 714.92M 503.54M 469.23M 481.34M 437.28M 418.09M 381.25M 294.76M 274.02M 250.76M 241.43M 194.65M 144.40M 153.25M 116.73M 94.76M 103.23M 31.91M 23.06M 32.32M 34.10M 34.21M 21.59M 9.71M 65.40M 52.07M
Cash at End of Period 287.64M 183.28M 657.00M 660.64M 612.49M 652.07M 720.71M 501.97M 465.64M 483.48M 430.39M 409.42M 370.37M 346.76M 298.05M 280.28M 236.86M 194.00M 149.17M 152.35M 116.42M 95.05M 38.41M 26.08M 28.38M 40.86M 34.19M 36.37M 19.92M 80.18M 63.37M
Operating Cash Flow 83.16M 142.37M 575.03M 587.79M 416.21M 458.59M 472.82M 492.93M 450.24M 406.17M 451.00M 383.89M 317.71M 329.03M 206.22M 187.86M 203.25M 124.63M 131.54M 148.02M 123.15M 105.96M 57.03M 38.34M 50.53M 54.04M 39.49M 44.44M 33.98M 100.36M 117.52M
Capital Expenditure -47.37M -85.99M -313.64M -333.79M -316.00M -265.56M -251.44M -311.57M -294.85M -285.69M -264.04M -253.40M -229.84M -210.68M -173.04M -145.75M -112.18M -109.18M -148.13M -135.15M -112.16M -96.94M -55.98M -37.83M -33.33M -38.15M -46.38M -53.96M -60.79M -158.85M -66.04M
Free Cash Flow 41.00M 50.51M 261.54M 203.20M 68.69M 151.73M 174.59M 140.14M 125.63M 123.04M 154.51M 98.46M 83.42M 93.46M 38.82M 47.17M 90.24M 14.49M 11.87M 24.63M 6.28M 13.87M 10.86M 10.05M 15.66M 8.39M 3.05M -9.73M -13.50M -3.19M 12.49M

Industry Free Cash Flow

Metric TTM 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
EBITDA 1,059.18M 168.30M 728.48M 714.04M 649.45M 610.45M 458.81M 614.93M 595.16M 581.89M 547.76M 464.40M 454.08M 416.87M 341.21M 322.23M 305.75M 170.57M 190.26M 217.29M 164.14M 140.33M 84.52M 51.81M 71.33M 59.95M 85.57M 70.94M 49.47M 43.11M 40.97M
(-) Tax Adjustment 235.66M 50.33M 190.08M 184.90M 182.52M 135.03M 138.79M 158.22M 152.86M 162.47M 140.53M 147.22M 118.91M 114.88M 85.17M 70.76M 75.37M 195.20M 92.35M 80.78M 61.87M 59.70M 27.71M 23.95M 52.11M 20.10M 26.79M 23.25M 16.03M 14.32M 13.29M
(-) Change In Working Capital -12.97M -9.01M -24.58M -31.95M -153.28M -80.53M 24.43M -29.12M -60.25M -46.45M -10.55M -27.88M -24.37M -13.50M -40.82M -51.54M -13.57M 16.93M -18.36M -10.46M -9.20M -5.97M -6.39M -0.40M 1.16M 2.52M -5.63M -5.04M -7.73M -8.06M -8.55M
(-) Capital Expenditure 47.37M 85.99M 313.64M 333.79M 316.00M 265.56M 251.44M 311.57M 294.85M 285.69M 264.04M 253.40M 229.84M 210.68M 173.04M 145.75M 112.18M 109.18M 148.13M 135.15M 112.16M 96.94M 55.98M 37.83M 33.33M 38.15M 46.38M 53.96M 60.79M 158.85M 66.04M
Unlevered Free Cash Flow 789.13M 41.00M 249.35M 227.30M 304.20M 290.39M 44.14M 174.26M 207.70M 180.18M 153.74M 91.67M 129.69M 104.82M 123.83M 157.26M 131.77M -150.75M -31.86M 11.82M -0.69M -10.33M 7.23M -9.58M -15.26M -0.82M 18.02M -1.23M -19.62M -122.00M -29.82M
(-) Net Interest Income After Taxes -88.51M -5.33M -41.59M -35.69M -27.44M -27.46M -26.78M -27.56M -23.81M -21.74M -20.06M -15.71M -16.20M -14.03M -14.49M -15.58M -15.20M 2.62M -9.42M -7.36M -4.27M -3.16M -2.58M -0.77M -0.50M -1.19M -1.04M -0.78M -0.62M -0.64M -0.56M
Net Debt Issuance 3.68M -6.83M -28.26M 15.77M 21.79M 3.98M 75.52M 17.23M 54.38M 41.12M 8.65M 14.69M 30.27M 27.06M 20.86M 18.43M -29.20M 14.91M 26.25M 19.00M 17.82M 1.44M 5.49M 1.11M -7.11M -2.38M 6.09M 10.14M 7.91M 6.83M 46.60M
Levered Free Cash Flow 881.31M 39.50M 262.67M 278.75M 353.43M 321.83M 146.44M 219.05M 285.90M 243.04M 182.45M 122.07M 176.17M 145.91M 159.18M 191.27M 117.78M -138.46M 3.80M 38.18M 21.40M -5.74M 15.31M -7.70M -21.87M -2.00M 25.15M 9.68M -11.09M -114.53M 17.35M