Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Periods / Units / Analysis

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Ticker

Industry

Sector

Page: Industry Financials

6915.T

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 47.82 40.86 40.60 34.25 45.07 33.41 30.86 23.37 24.82 21.08 18.04 15.35 14.13 12.62 11.01 11.55 8.58 9.68 14.12 12.21 10.96 7.86 6.56 6.08 6.55 9.80 8.42 5.64 6.04 5.09 3.68
Market Capitalization 10,235.80M 8,443.18M 6,709.77M 6,745.98M 8,235.07M 6,626.12M 5,950.65M 3,895.32M 4,767.40M 3,501.67M 3,320.10M 2,812.12M 2,289.84M 1,809.04M 1,535.22M 1,730.42M 1,101.64M 1,249.18M 1,738.98M 1,148.78M 773.91M 549.54M 523.12M 400.80M 426.90M 449.07M 321.98M 200.65M 218.21M 164.73M 174.16M
(-) Cash & Equivalents 895.76M 957.47M 995.22M 1,045.64M 885.13M 853.52M 664.95M 578.27M 577.63M 469.73M 441.16M 430.84M 333.83M 279.52M 233.25M 235.18M 210.58M 179.10M 156.49M 116.96M 93.71M 46.74M 37.93M 35.60M 28.37M 20.17M 15.32M 10.27M 9.40M 8.78M 8.70M
(+) Total Debt 1,364.44M 1,306.11M 1,350.45M 1,312.78M 1,106.30M 1,117.16M 1,039.49M 828.43M 780.23M 579.55M 483.39M 472.81M 379.61M 339.00M 316.32M 258.87M 288.63M 224.81M 199.64M 127.70M 88.77M 54.16M 41.37M 34.34M 34.82M 25.31M 22.51M 17.83M 13.84M 13.58M 11.17M
Enterprise Value 11,149,811,877.81 8,820,761,752.88 7,232,577,758.22 7,665,288,933.61 9,169,586,968.97 7,811,447,749.00 6,830,785,297.78 4,440,310,118.44 4,957,158,211.38 3,654,569,826.91 3,406,815,180.40 3,027,505,392.89 2,455,323,407.63 2,241,015,301.39 1,744,287,981.55 1,730,782,722.54 1,200,766,861.00 1,331,532,217.86 1,953,486,981.82 1,231,384,308.76 854,362,079.35 622,293,057.19 553,250,624.17 388,273,167.15 429,789,180.86 472,988,448.34 333,068,806.92 228,044,484.30 237,684,778.45 176,720,144.12 182,171,416.46

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 5,504.89M 5,482.38M 5,590.79M 5,589.80M 5,078.04M 4,580.33M 4,336.39M 3,718.36M 3,302.24M 2,940.97M 2,723.29M 2,468.38M 2,090.72M 1,997.84M 1,622.76M 1,413.42M 1,261.32M 1,394.71M 1,311.46M 932.58M 711.51M 499.39M 369.81M 282.47M 253.98M 178.01M 122.54M 111.16M 101.85M 97.93M 71.34M
Cost of Revenue 4,199.80M 4,068.49M 4,077.13M 4,101.99M 3,906.94M 3,531.57M 3,324.98M 2,777.09M 2,472.78M 2,228.67M 2,064.13M 1,860.91M 1,609.02M 1,440.88M 1,213.84M 1,064.99M 925.69M 1,080.13M 961.97M 662.38M 517.65M 368.79M 240.56M 190.79M 144.24M 111.62M 75.68M 58.61M 47.47M 49.46M 36.07M
Gross Profit 1,305.09M 1,413.89M 1,513.66M 1,487.81M 1,171.10M 1,048.77M 1,011.41M 941.27M 829.47M 712.30M 659.16M 607.47M 481.71M 556.96M 408.92M 348.43M 335.63M 314.58M 349.49M 270.20M 193.86M 130.60M 129.25M 91.68M 109.74M 66.39M 46.86M 52.55M 54.38M 48.47M 35.28M
Gross Margin 23.7% 25.8% 27.1% 26.6% 23.1% 22.9% 23.3% 25.3% 25.1% 24.2% 24.2% 24.6% 23.0% 27.9% 25.2% 24.7% 26.6% 22.6% 26.6% 29.0% 27.2% 26.2% 35.0% 32.5% 43.2% 37.3% 38.2% 47.3% 53.4% 49.5% 49.4%
R&D Expenses 221.16M 226.24M 257.61M 230.60M 187.30M 163.93M 140.11M 123.24M 95.51M 85.71M 78.75M 75.95M 63.27M 31.27M 19.44M 17.66M 15.37M 13.84M 14.29M 10.72M 8.29M 7.30M 4.25M 3.24M 2.54M 2.07M 1.36M 1.09M 1.00M 0.61M 0.62M
SG&A Expenses 493.49M 433.91M 475.24M 458.14M 434.31M 390.29M 396.89M 341.31M 306.60M 295.39M 274.57M 258.01M 227.33M 177.20M 114.32M 94.69M 85.64M 115.57M 114.17M 77.05M 70.69M 47.26M 34.45M 31.40M 24.69M 21.44M 17.19M 15.35M 11.46M 10.48M 8.17M
Operating Expenses 714.65M 660.15M 732.85M 688.74M 621.60M 554.22M 536.99M 464.54M 402.11M 381.10M 353.32M 333.96M 290.60M 208.47M 133.76M 112.35M 101.00M 129.40M 128.46M 87.77M 78.98M 54.56M 38.70M 34.64M 27.23M 23.51M 18.56M 16.44M 12.46M 11.09M 8.79M
Operating Income 590.44M 753.75M 780.81M 799.07M 549.50M 494.55M 474.42M 476.73M 427.36M 331.20M 305.84M 273.51M 191.11M 348.49M 275.16M 236.08M 234.63M 185.18M 221.03M 182.43M 114.88M 76.04M 90.55M 57.04M 82.51M 42.88M 28.30M 36.11M 41.92M 37.38M 26.48M
Operating Margin 10.7% 13.7% 14.0% 14.3% 10.8% 10.8% 10.9% 12.8% 12.9% 11.3% 11.2% 11.1% 9.1% 17.4% 17.0% 16.7% 18.6% 13.3% 16.9% 19.6% 16.1% 15.2% 24.5% 20.2% 32.5% 24.1% 23.1% 32.5% 41.2% 38.2% 37.1%
Interest Income 25.22M 22.74M 23.63M 9.96M 7.39M 8.04M 10.36M 6.03M 5.12M 4.04M 4.10M 4.82M 2.77M 3.27M 2.85M 1.65M 2.20M 3.23M 2.13M 0.73M 0.38M 0.23M 0.25M 0.16M 0.17M 0.18M 0.00M 0.00M 0.00M 0.00M 0.00M
Interest Expense 44.71M 46.03M 51.34M 38.28M 33.34M 39.45M 43.77M 33.26M 24.95M 17.50M 15.20M 15.58M 11.24M 11.30M 8.54M 7.86M 7.28M 8.64M 7.60M 3.39M 2.10M 1.90M 1.26M 1.13M 1.15M 0.66M 0.33M 0.32M 0.17M 0.39M 0.51M
Net Interest Income -19.50M -23.29M -27.70M -28.32M -25.95M -31.41M -33.42M -27.23M -19.83M -13.46M -11.11M -10.76M -8.47M -8.03M -5.70M -6.21M -5.09M -5.41M -5.47M -2.66M -1.72M -1.66M -1.01M -0.97M -0.99M -0.47M -0.33M -0.32M -0.17M -0.39M -0.51M
Other Income / Expense -144.09M -381.36M -417.98M -349.58M -48.22M -190.63M -160.54M -184.37M -160.06M -123.67M -115.43M -90.57M -42.89M -237.64M -168.57M -147.47M -203.25M -110.63M -121.18M -118.70M -70.66M -48.78M -74.49M -49.17M -73.58M -22.55M -15.01M -27.89M -33.55M -29.69M -16.80M
Pre-Tax Income 426.85M 349.11M 335.13M 421.17M 475.33M 272.51M 280.47M 265.13M 247.46M 194.07M 179.31M 172.18M 139.74M 102.82M 100.90M 82.41M 26.29M 69.15M 94.37M 61.08M 42.50M 25.59M 15.06M 6.91M 7.94M 19.86M 12.96M 7.90M 8.20M 7.30M 9.17M
Pre-Tax Margin 7.8% 6.4% 6.0% 7.5% 9.4% 5.9% 6.5% 7.1% 7.5% 6.6% 6.6% 7.0% 6.7% 5.1% 6.2% 5.8% 2.1% 5.0% 7.2% 6.5% 6.0% 5.1% 4.1% 2.4% 3.1% 11.2% 10.6% 7.1% 8.1% 7.5% 12.9%
Income Tax Expense 83.17M 70.68M 53.15M 68.84M 81.95M 57.29M 54.38M 59.28M 54.81M 36.50M 31.45M 32.09M 21.42M 27.59M 22.47M 16.70M 10.34M 23.69M 24.64M 17.47M 11.79M 6.80M 3.70M 1.99M 2.64M 6.00M 3.81M 2.71M 1.87M 1.98M 1.72M
Tax Rate 19.5% 20.2% 15.9% 16.3% 17.2% 21.0% 19.4% 22.4% 22.2% 18.8% 17.5% 18.6% 15.3% 26.8% 22.3% 20.3% 35.0% 34.3% 26.1% 28.6% 27.7% 26.6% 24.6% 28.8% 33.3% 30.2% 29.4% 34.3% 22.8% 27.1% 18.7%
Net Income 343.68M 278.43M 281.98M 352.34M 393.38M 215.23M 226.09M 205.85M 192.65M 157.56M 147.86M 140.09M 118.33M 75.23M 78.44M 65.70M 15.94M 45.46M 69.74M 43.61M 30.71M 18.80M 11.35M 4.91M 5.30M 13.86M 9.15M 5.19M 6.33M 5.32M 7.46M
Net Margin 6.2% 5.1% 5.0% 6.3% 7.7% 4.7% 5.2% 5.5% 5.8% 5.4% 5.4% 5.7% 5.7% 3.8% 4.8% 4.6% 1.3% 3.3% 5.3% 4.7% 4.3% 3.8% 3.1% 1.7% 2.1% 7.8% 7.5% 4.7% 6.2% 5.4% 10.5%
EBIT 590.44M 753.75M 780.81M 799.07M 549.50M 494.55M 474.42M 476.73M 427.36M 331.20M 305.84M 273.51M 191.11M 348.49M 275.16M 236.08M 234.63M 185.18M 221.03M 182.43M 114.88M 76.04M 90.55M 57.04M 82.51M 42.88M 28.30M 36.11M 41.92M 37.38M 26.48M
Depreciation & Amortization 243.89M 277.85M 280.70M 243.47M 219.32M 202.18M 184.88M 144.60M 127.16M 128.34M 123.50M 112.93M 100.15M 93.59M 73.21M 67.37M 72.12M 66.77M 57.28M 37.33M 26.77M 18.61M 14.38M 12.98M 10.62M 7.67M 5.64M 4.29M 3.80M 3.15M 2.76M
EBITDA 834.33M 1,031.60M 1,061.51M 1,042.54M 768.82M 696.73M 659.30M 621.33M 554.52M 459.54M 429.35M 386.45M 291.26M 442.08M 348.37M 303.44M 306.75M 251.96M 278.31M 219.76M 141.65M 94.65M 104.93M 70.02M 93.13M 50.56M 33.94M 40.39M 45.72M 40.53M 29.24M
EBITDA Margin 15.2% 18.8% 19.0% 18.7% 15.1% 15.2% 15.2% 16.7% 16.8% 15.6% 15.8% 15.7% 13.9% 22.1% 21.5% 21.5% 24.3% 18.1% 21.2% 23.6% 19.9% 19.0% 28.4% 24.8% 36.7% 28.4% 27.7% 36.3% 44.9% 41.4% 41.0%
NOPAT 475.39M 601.15M 656.98M 668.47M 454.77M 390.59M 382.44M 370.14M 332.69M 268.90M 252.20M 222.54M 161.82M 254.99M 213.90M 188.23M 152.51M 121.75M 163.33M 130.25M 83.01M 55.84M 68.27M 40.59M 55.06M 29.92M 19.98M 23.73M 32.37M 27.26M 21.53M
NOPAT Margin 8.6% 11.0% 11.8% 12.0% 9.0% 8.5% 8.8% 10.0% 10.1% 9.1% 9.3% 9.0% 7.7% 12.8% 13.2% 13.3% 12.1% 8.7% 12.5% 14.0% 11.7% 11.2% 18.5% 14.4% 21.7% 16.8% 16.3% 21.3% 31.8% 27.8% 30.2%
Owner's Earnings 587.56M 556.28M 562.68M 595.81M 612.70M 417.41M 410.97M 350.45M 319.81M 285.91M 271.37M 253.03M 218.48M 168.82M 151.64M 133.07M 88.07M 112.24M 127.01M 80.94M 57.48M 37.40M 25.74M 17.89M 15.92M 21.53M 14.79M 9.48M 10.14M 8.47M 10.21M
Owner's Earnings Margin 10.7% 10.1% 10.1% 10.7% 12.1% 9.1% 9.5% 9.4% 9.7% 9.7% 10.0% 10.3% 10.4% 8.5% 9.3% 9.4% 7.0% 8.0% 9.7% 8.7% 8.1% 7.5% 7.0% 6.3% 6.3% 12.1% 12.1% 8.5% 10.0% 8.7% 14.3%
EPS 0.44 0.36 0.42 0.50 0.54 0.32 0.34 0.28 0.25 0.27 0.29 0.28 0.24 0.16 0.19 0.20 0.06 0.19 0.32 0.20 0.18 0.08 0.05 0.02 0.03 0.10 0.07 0.05 0.05 0.05 0.05
EPS (Diluted) 0.44 0.36 0.42 0.50 0.54 0.32 0.34 0.28 0.25 0.27 0.29 0.28 0.24 0.16 0.19 0.20 0.06 0.19 0.32 0.20 0.18 0.08 0.05 0.02 0.03 0.10 0.07 0.05 0.05 0.05 0.05
Shares (Diluted) 784.19M 783.31M 678.61M 702.14M 726.12M 664.38M 667.51M 742.90M 755.50M 577.79M 515.74M 506.34M 500.07M 480.98M 413.04M 326.17M 266.39M 243.82M 216.55M 213.70M 171.51M 246.65M 243.44M 199.41M 172.48M 143.09M 126.19M 107.87M 122.90M 101.34M 139.69M

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 895.76M 957.47M 995.22M 1,045.64M 885.13M 853.81M 664.79M 578.27M 577.63M 478.58M 441.16M 430.84M 336.35M 283.89M 237.92M 235.18M 210.58M 179.10M 156.49M 116.96M 93.71M 46.74M 38.25M 35.60M 28.37M 20.16M 15.31M 10.27M 10.65M 8.78M 8.49M
Short-Term Investments 51.28M 133.71M 125.66M 96.59M 66.07M 50.18M 64.32M 33.13M 57.62M 59.20M 85.57M 80.25M 65.48M 64.34M 42.56M 33.73M 58.32M 42.57M 59.50M 49.77M 34.35M 17.47M 9.47M 8.72M 4.84M 2.52M 2.20M 0.94M 0.24M 0.14M 0.49M
Cash & Short-Term Investments 947.04M 1,091.18M 1,120.88M 1,142.23M 951.20M 903.99M 729.11M 611.39M 635.25M 537.78M 526.73M 511.09M 401.83M 348.23M 280.48M 268.91M 268.91M 221.66M 215.99M 166.73M 128.05M 64.21M 47.72M 44.32M 33.21M 22.68M 17.51M 11.22M 10.89M 8.93M 8.98M
Net Receivables 1,105.73M 1,082.48M 1,005.22M 1,010.57M 1,021.40M 974.18M 896.37M 740.84M 705.91M 591.20M 530.80M 469.02M 393.16M 353.03M 293.19M 271.07M 219.03M 250.36M 247.13M 182.86M 130.22M 70.01M 52.45M 37.42M 34.94M 29.02M 19.93M 15.14M 16.46M 15.21M 12.70M
Inventory 874.65M 866.99M 834.55M 840.11M 745.92M 587.39M 574.86M 501.83M 473.94M 412.64M 384.23M 332.01M 272.10M 242.64M 214.86M 195.13M 162.04M 169.61M 177.54M 124.99M 100.49M 66.55M 51.56M 38.23M 28.52M 26.36M 20.12M 18.73M 18.51M 16.59M 13.29M
Other Current Assets 164.00M 111.20M 163.43M 148.40M 131.32M 113.07M 104.98M 131.52M 143.95M 91.82M 103.18M 115.35M 81.99M 81.77M 59.56M 48.74M 44.24M 49.59M 33.55M 32.28M 21.47M 16.67M 19.40M 15.03M 8.66M 9.66M 10.12M 8.80M 9.07M 5.63M 7.03M
Total Current Assets 3,091.42M 3,151.85M 3,124.07M 3,141.31M 2,849.84M 2,578.63M 2,305.32M 1,985.58M 1,959.05M 1,633.43M 1,544.95M 1,427.46M 1,149.07M 1,025.67M 848.09M 783.85M 694.22M 691.22M 674.20M 506.86M 380.24M 217.44M 171.13M 134.99M 105.33M 87.72M 67.68M 53.88M 54.93M 46.36M 42.01M
Property, Plant & Equipment 1,580.90M 1,619.37M 1,548.93M 1,473.58M 1,320.27M 1,248.44M 1,036.48M 884.50M 937.81M 729.76M 660.66M 658.60M 503.10M 460.44M 380.06M 342.36M 336.56M 332.39M 292.53M 196.30M 148.24M 96.05M 77.96M 72.75M 53.41M 40.91M 30.77M 27.62M 23.35M 21.39M 20.68M
Goodwill 517.77M 329.49M 328.38M 354.78M 283.57M 325.04M 268.49M 199.46M 141.82M 132.50M 103.46M 65.13M 65.70M 46.50M 40.72M 31.14M 21.62M 30.71M 47.46M 28.81M 13.48M 0.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 171.85M 183.36M 207.02M 208.44M 211.73M 205.43M 172.72M 145.16M 121.78M 92.45M 83.21M 57.21M 48.07M 44.01M 34.58M 36.11M 30.83M 34.76M 27.41M 23.06M 18.80M 20.32M 17.66M 15.77M 10.93M 8.82M 2.55M 1.18M 0.92M 0.91M 1.05M
Long-Term Investments 146.13M 154.46M 141.09M 104.87M 91.31M 84.06M 85.57M 53.75M 76.80M 48.05M 50.77M 47.35M 33.57M 23.32M 18.24M 24.23M 20.28M 19.41M 25.95M 14.88M 10.15M 0.85M 0.21M 0.77M 0.85M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 68.78M 85.09M 70.84M 70.59M 64.46M 57.11M 61.76M 54.94M 29.24M 28.41M 27.85M 25.41M 18.68M 17.35M 17.32M 13.69M 16.83M 15.32M 13.12M 9.56M 8.00M 6.38M 4.70M 4.22M 1.01M 0.12M 0.00M 0.00M 0.00M 0.00M 0.05M
Other Non-Current Assets 140.63M 156.02M 127.70M 148.59M 122.77M 112.28M 101.23M 103.82M 81.83M 66.22M 62.93M 59.20M 34.68M 29.42M 29.77M 27.21M 21.87M 29.20M 29.24M 19.08M 15.06M 11.08M 10.49M 8.02M 7.56M 7.12M 5.76M 4.34M 4.78M 3.67M 2.41M
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 2,626.06M 2,527.79M 2,423.96M 2,360.85M 2,094.11M 2,032.37M 1,726.25M 1,441.64M 1,389.28M 1,097.40M 988.89M 912.89M 703.80M 621.03M 520.70M 474.75M 447.99M 461.78M 435.72M 291.70M 213.73M 134.68M 111.02M 101.52M 73.76M 56.97M 39.08M 33.14M 29.05M 25.97M 24.19M
Total Assets 5,717.48M 5,679.65M 5,548.03M 5,502.15M 4,943.95M 4,611.00M 4,031.57M 3,427.22M 3,348.33M 2,730.83M 2,533.84M 2,340.35M 1,852.87M 1,646.70M 1,368.79M 1,258.60M 1,142.21M 1,153.00M 1,109.92M 798.56M 593.97M 352.12M 282.15M 236.52M 179.09M 144.69M 106.76M 87.02M 83.98M 72.33M 66.20M
Accounts Payable 775.89M 861.72M 774.13M 804.16M 806.46M 703.11M 646.46M 598.32M 533.10M 462.87M 386.40M 310.77M 249.12M 209.12M 182.47M 160.02M 137.28M 174.26M 177.05M 120.48M 78.72M 45.49M 34.65M 26.26M 15.30M 13.99M 11.23M 8.75M 10.07M 9.48M 7.14M
Short-Term Debt 510.55M 266.08M 338.46M 367.58M 283.44M 290.66M 313.73M 307.06M 247.07M 181.40M 186.64M 174.38M 163.71M 117.16M 80.55M 73.67M 78.46M 71.94M 64.49M 46.12M 30.47M 24.83M 16.61M 14.69M 13.01M 9.73M 7.35M 5.79M 4.40M 4.10M 4.42M
Tax Payables 14.45M 40.21M 38.54M 51.70M 48.19M 38.50M 30.84M 34.86M 22.91M 19.19M 19.91M 17.78M 11.04M 7.40M 8.82M 7.24M 4.85M 6.89M 8.78M 6.75M 4.41M 1.59M 0.85M 0.69M 0.39M 0.25M 0.21M 0.15M 0.11M 0.07M 0.19M
Deferred Revenue 40.24M 6.69M 36.08M 57.92M 193.36M 140.43M 130.93M 47.13M 100.84M 72.72M 75.16M 67.71M 41.68M 28.29M 26.23M 18.61M 15.11M 17.42M 26.64M 13.82M 6.43M 4.82M 3.71M 3.39M 3.13M 1.64M 0.83M 0.00M 0.52M 0.17M 1.01M
Other Current Liabilities 239.47M 354.52M 362.93M 325.84M 253.31M 246.85M 267.74M 214.13M 197.85M 157.51M 162.83M 105.86M 86.86M 94.42M 85.40M 77.72M 56.58M 67.86M 56.14M 45.99M 27.66M 18.95M 9.70M 9.79M 6.58M 8.32M 8.43M 7.45M 5.47M 4.80M 4.54M
Total Current Liabilities 1,580.60M 1,529.22M 1,550.14M 1,607.19M 1,584.75M 1,419.55M 1,389.70M 1,201.50M 1,101.76M 893.69M 830.95M 676.51M 552.43M 456.39M 383.48M 337.26M 292.29M 338.38M 333.11M 233.16M 147.68M 95.69M 65.53M 54.83M 38.41M 33.93M 28.05M 22.14M 20.57M 18.61M 17.31M
Long-Term Debt 858.91M 858.94M 876.27M 766.99M 541.24M 573.31M 469.68M 432.65M 341.43M 292.68M 242.75M 232.66M 205.48M 176.55M 156.80M 141.46M 128.70M 122.67M 86.48M 62.12M 41.78M 22.96M 17.21M 14.53M 17.06M 10.14M 9.68M 5.79M 8.05M 4.84M 4.23M
Capital Lease Obligations 35.68M 72.94M 68.93M 61.36M 64.51M 67.00M 36.87M 1.77M 2.57M 0.58M 0.17M 0.67M 1.01M 0.05M 0.34M 0.25M 0.23M 0.00M 0.00M 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 45.30M 49.19M 49.94M 50.26M 45.26M 36.11M 27.18M 19.82M 17.28M 13.91M 13.07M 10.82M 5.40M 3.77M 6.37M 6.36M 5.45M 7.07M 6.50M 2.71M 2.23M 1.24M 1.18M 1.19M 0.98M 0.93M 0.32M 0.27M 0.33M 0.31M 0.42M
Other Non-Current Liabilities 142.16M 108.01M 120.99M 118.44M 104.15M 123.97M 104.37M 85.37M 91.74M 69.81M 63.34M 64.60M 54.62M 41.31M 32.30M 26.61M 28.44M 33.30M 20.65M 14.95M 10.71M 10.50M 6.51M 6.99M 3.24M 1.37M 1.06M 0.76M 0.50M 0.76M 0.62M
Total Non-Current Liabilities 1,082.06M 1,089.09M 1,116.14M 997.05M 755.17M 800.38M 638.11M 539.62M 453.02M 376.97M 319.34M 308.74M 266.51M 221.68M 195.82M 174.68M 162.82M 163.04M 113.62M 79.78M 54.71M 34.69M 24.89M 22.71M 21.28M 12.44M 11.05M 6.82M 8.88M 5.91M 5.27M
Total Liabilities 2,662.67M 2,618.31M 2,666.28M 2,604.24M 2,339.92M 2,219.93M 2,027.81M 1,741.12M 1,554.78M 1,270.67M 1,150.29M 985.25M 818.93M 678.08M 579.30M 511.94M 455.10M 501.42M 446.73M 312.94M 202.40M 130.38M 90.42M 77.54M 59.69M 46.37M 39.10M 28.96M 29.45M 24.52M 22.58M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.02M 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
Common Stock 234.32M 280.94M 325.04M 314.05M 331.66M 319.28M 316.01M 268.03M 270.19M 234.03M 243.32M 215.45M 174.23M 169.00M 111.99M 139.48M 98.67M 91.67M 85.78M 60.78M 45.86M 27.06M 22.24M 19.97M 20.59M 17.30M 14.11M 5.73M 5.43M 4.20M 5.85M
Retained Earnings 1,313.70M 1,653.53M 1,721.98M 1,366.94M 1,231.16M 999.54M 911.84M 821.17M 695.31M 680.96M 560.51M 491.06M 415.94M 323.99M 287.35M 272.71M 231.45M 265.54M 225.52M 155.17M 121.81M 61.92M 48.02M 41.73M 34.92M 35.32M 21.79M 15.28M 14.84M 13.18M 11.38M
Accumulated OCI 402.10M 87.92M 67.10M 73.28M 63.10M 33.25M 29.28M 34.16M 23.68M 5.61M 26.86M 9.07M 7.37M 0.00M 0.00M -0.72M 0.00M 0.00M 1.36M 0.02M 0.00M 0.36M 0.01M -1.12M -1.64M -1.05M -0.72M -2.80M -3.44M -5.36M -2.48M
Minority Interest 57.55M 51.68M 50.03M 45.94M 38.66M 31.60M 26.64M 18.96M 20.81M 18.18M 18.77M 16.76M 11.60M 11.31M 7.28M 9.33M 6.44M 6.56M 7.10M 5.90M 2.69M 1.44M 1.46M 1.05M 0.90M 0.38M 0.31M 0.32M 0.21M 0.07M 0.05M
Total Shareholders’ Equity 1,950.12M 2,022.39M 2,114.12M 1,754.28M 1,625.91M 1,352.07M 1,257.14M 1,123.35M 989.18M 920.61M 830.69M 715.58M 597.56M 493.00M 399.34M 411.47M 330.12M 357.21M 312.66M 215.98M 167.67M 89.34M 70.27M 60.58M 53.87M 51.57M 35.19M 18.21M 16.83M 12.02M 14.74M
Total Equity 2,007.67M 2,074.07M 2,164.15M 1,800.22M 1,664.58M 1,383.67M 1,283.77M 1,142.31M 1,009.99M 938.79M 849.45M 732.34M 609.16M 504.30M 406.62M 420.80M 336.55M 363.77M 319.76M 221.87M 170.36M 90.78M 71.73M 61.62M 54.77M 51.95M 35.50M 18.53M 17.05M 12.09M 14.80M
Total Liabilities & Equity 4,670.33M 4,692.38M 4,830.43M 4,404.46M 4,004.50M 3,603.60M 3,311.58M 2,883.43M 2,564.77M 2,209.45M 1,999.74M 1,717.59M 1,428.09M 1,182.38M 985.92M 932.74M 791.66M 865.19M 766.49M 534.82M 372.76M 221.16M 162.15M 139.16M 114.46M 98.32M 74.60M 47.49M 46.49M 36.61M 37.37M
Tangible Assets 5,027.86M 5,166.79M 5,012.63M 4,938.94M 4,448.65M 4,080.52M 3,590.37M 3,082.60M 3,084.73M 2,505.87M 2,347.17M 2,218.02M 1,739.10M 1,556.19M 1,293.49M 1,191.35M 1,089.76M 1,087.53M 1,035.06M 746.69M 561.69M 331.79M 264.48M 220.75M 168.17M 135.87M 104.21M 85.84M 83.05M 71.42M 65.15M
Tangible Equity 1,318.05M 1,561.22M 1,628.75M 1,237.00M 1,169.28M 853.19M 842.57M 797.69M 746.39M 713.83M 662.79M 610.01M 495.39M 413.79M 331.32M 353.55M 284.11M 298.30M 244.89M 170.01M 138.08M 70.46M 54.07M 45.86M 43.85M 43.13M 32.95M 17.35M 16.13M 11.18M 13.74M
Tangible Book Value 1,318,046,913.85 1,561,216,174.98 1,628,745,495.05 1,237,003,375.03 1,169,277,153.97 853,193,831.23 842,566,228.81 797,685,482.96 746,388,061.97 713,833,199.07 662,788,697.60 610,005,581.36 495,391,954.62 413,791,671.38 331,322,762.51 353,553,066.88 284,105,651.83 298,304,137.10 244,892,731.18 170,006,296.40 138,082,044.75 70,455,050.24 54,070,449.19 45,858,039.99 43,846,069.65 43,130,990.67 32,949,267.76 17,350,763.35 16,126,500.01 11,176,049.58 13,743,997.18
Total Investments 202.30M 260.91M 197.29M 169.01M 142.21M 133.17M 126.80M 117.63M 138.43M 110.93M 110.30M 93.50M 74.13M 53.87M 56.42M 55.74M 50.58M 46.16M 51.83M 35.93M 25.84M 13.60M 10.65M 9.58M 6.68M 3.67M 2.84M 1.40M 0.18M 0.15M 0.04M
Net Debt 473.71M 167.55M 219.51M 88.93M -60.45M 10.16M 118.63M 161.45M 10.86M -4.50M -11.77M -23.80M 32.85M 9.82M -0.56M -20.05M -3.42M 15.51M -5.52M -8.72M -21.46M 1.05M -4.43M -6.38M 1.70M -0.29M 1.72M 1.30M 1.79M 0.15M 0.16M

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 1,295.51M 1,805.69M 1,733.75M 1,627.42M 1,354.31M 1,136.97M 822.43M 899.65M 865.36M 941.64M 841.51M 774.91M 688.77M 484.78M 488.49M 419.57M 331.95M 326.13M 255.33M 243.07M 214.27M 144.34M 102.89M 72.63M 73.55M 63.93M 46.18M 31.51M 37.11M 30.07M 22.93M
Total Capital 4,327.67M 4,655.19M 4,582.87M 4,210.54M 3,577.03M 3,288.64M 3,141.54M 2,531.26M 2,469.72M 2,108.85M 1,916.20M 1,786.04M 1,511.34M 1,237.25M 1,120.41M 993.96M 944.64M 863.31M 861.02M 604.35M 453.77M 284.19M 229.82M 199.67M 170.33M 143.71M 92.09M 73.14M 66.70M 59.54M 49.75M
Capital Employed 4,778.41M 5,159.19M 5,217.60M 4,899.09M 4,208.16M 3,683.39M 3,268.87M 2,977.16M 2,522.09M 2,310.00M 2,085.69M 1,896.63M 1,549.99M 1,391.90M 1,263.05M 1,152.50M 1,009.91M 1,023.56M 977.04M 683.82M 529.32M 305.01M 278.42M 237.32M 188.80M 156.45M 100.98M 78.02M 75.17M 61.98M 55.22M
Invested Capital 3,431.91M 3,697.72M 3,587.65M 3,164.90M 2,691.90M 2,434.84M 2,476.75M 1,952.99M 1,892.09M 1,630.27M 1,475.04M 1,355.20M 1,174.99M 953.36M 882.49M 758.78M 734.06M 684.22M 704.54M 487.40M 360.07M 237.45M 191.57M 164.07M 141.96M 123.56M 76.77M 62.87M 56.05M 50.76M 41.26M

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 202.84M 285.53M 282.59M 247.10M 221.27M 209.85M 178.90M 144.48M 126.93M 128.43M 124.33M 113.85M 101.24M 94.35M 74.12M 68.20M 73.03M 66.86M 57.76M 37.56M 25.35M 18.38M 13.82M 12.60M 10.71M 7.82M 5.92M 4.67M 5.21M 4.69M 3.83M
Deferred Income Tax 0.00M -0.36M -2.22M -3.65M -3.36M -3.16M -1.78M -2.55M -3.02M -1.16M -0.95M -1.03M 0.00M -0.60M -0.49M 0.06M -0.27M -0.32M -0.09M -0.22M -0.07M -0.33M -0.02M 0.00M -0.16M -0.02M 0.00M 0.00M -0.12M 0.02M 0.02M
Stock-Based Compensation 6.05M 10.29M 11.22M 9.53M 9.35M 7.67M 6.20M 6.81M 6.30M 3.81M 3.36M 3.04M 3.12M 2.33M 2.13M 1.30M 1.12M 0.61M 0.09M 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 -33.67M -67.55M -24.37M -111.58M -121.46M -21.94M -49.87M -85.49M -78.57M -37.25M -16.63M -24.11M -18.82M -15.62M -24.15M -27.78M 24.64M -5.29M -14.84M -12.32M -5.51M -6.89M -3.51M 3.20M 0.07M -7.54M -3.48M -1.90M -1.74M -2.11M -3.41M
Accounts Receivable -32.15M -64.41M -19.93M -9.31M -97.99M -44.86M -29.13M -69.24M -68.49M -38.85M -8.06M -19.84M -12.67M -7.04M 0.00M -3.86M 2.53M 0.00M 0.00M 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 -47.79M -32.82M 34.09M -112.15M -122.77M -33.33M -14.85M -62.65M -59.14M -20.70M -22.46M -15.38M -10.10M -9.66M -24.25M -18.95M 12.97M -0.93M -8.65M -12.28M -5.49M -7.77M -1.07M 1.86M 0.68M -5.06M -1.15M -0.76M -1.14M -1.27M -1.64M
Accounts Payable 7.93M 43.11M -10.06M 15.64M 82.30M 19.62M -5.19M 29.19M 39.44M 22.62M 1.98M 1.07M 0.42M 0.00M 0.00M 2.39M -0.24M 0.00M 0.00M 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 5.67M -4.09M -2.37M -2.18M 12.05M 10.25M -4.52M -15.18M -16.62M 2.48M -0.39M 9.12M -2.54M -5.46M -1.63M -7.43M 4.56M -3.11M -1.25M 1.69M 0.67M 1.40M 0.71M 1.07M -0.22M -0.93M -1.71M -1.34M -0.89M -0.98M -1.08M
Other Non-Cash Items 89.92M 39.67M 16.66M 20.20M 34.96M 37.47M 40.55M 13.73M 16.65M 12.31M 0.39M 4.32M 6.01M 3.12M 3.46M 2.49M 2.01M 2.83M 2.51M 2.29M 3.39M 1.87M 2.31M 3.08M 0.90M 0.28M 0.64M 0.37M -0.27M 0.06M -0.09M
Net Cash from Operating Activities 562.33M 556.94M 602.96M 567.10M 498.33M 497.44M 400.41M 335.45M 300.93M 306.50M 246.92M 243.96M 210.63M 161.73M 137.40M 112.40M 133.96M 136.88M 134.10M 76.38M 58.74M 33.28M 22.95M 22.06M 16.58M 12.17M 11.92M 9.68M 8.94M 9.58M 9.78M
Capital Expenditures (PPE) -303.98M -247.36M -305.37M -344.92M -250.27M -246.12M -229.58M -215.53M -185.30M -130.03M -120.64M -120.87M -113.55M -109.85M -74.94M -50.02M -47.93M -74.88M -75.95M -42.81M -29.04M -17.63M -16.76M -15.11M -15.46M -12.17M -9.37M -9.23M -7.98M -6.69M -6.28M
Acquisitions (Net) 0.34M -2.44M -21.15M -12.26M -19.07M -7.26M -19.06M -28.45M -24.51M -29.55M -17.13M -13.06M -6.33M -7.64M -4.23M -4.58M -2.39M -4.40M -1.38M -5.66M -1.24M -0.96M -0.69M -1.29M -0.46M -0.50M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -56.61M -136.20M -75.06M -111.41M -82.80M -70.04M -51.66M -65.43M -97.84M -67.53M -39.92M -34.64M -13.31M -8.80M -8.28M -14.99M -10.90M -14.81M -10.58M -9.03M -5.17M -4.75M -4.95M -5.30M -2.27M -1.63M -1.91M -1.24M -0.49M 0.00M -0.01M
Sales / Maturities of Investments 55.78M 61.80M 76.51M 70.13M 56.79M 81.90M 62.54M 100.79M 74.08M 48.88M 50.63M 27.06M 14.59M 8.74M 5.52M 11.48M 8.05M 8.36M 9.04M 8.23M 3.14M 3.73M 2.21M 2.66M 2.29M 2.17M 1.11M 0.84M 0.05M 0.13M 0.74M
Other Investing Activities 3.51M 5.58M 15.70M 16.16M 26.27M 9.45M 10.92M 3.04M 2.92M 3.54M 1.14M 2.52M 0.86M 2.77M 2.10M 2.96M 0.96M 2.67M -0.54M 1.15M 1.23M 0.18M 0.09M 0.75M 0.48M 0.04M -0.05M -0.70M -0.61M -0.55M -0.56M
Net Cash from Investing Activities -359.91M -346.37M -407.29M -404.74M -333.59M -260.91M -310.47M -331.78M -260.73M -208.62M -176.28M -171.46M -144.59M -133.92M -157.63M -72.58M -73.58M -90.36M -103.47M -66.31M -47.96M -36.07M -23.60M -19.96M -20.01M -25.39M -13.79M -10.21M -11.87M -8.92M -9.72M
Net Debt Issuance 19.45M -16.77M 8.23M 61.35M 0.67M 41.51M 23.44M 75.40M 78.36M 17.91M -9.91M 8.53M 24.59M 16.25M 23.51M -5.71M -1.46M 5.47M -7.78M 1.54M 2.05M 3.13M 0.58M -4.51M -1.30M 0.87M 1.63M 0.44M 0.95M -0.16M -0.55M
Long-Term Debt Issuance 5.12M -11.64M 9.00M 58.22M -19.70M 45.67M 30.82M 52.09M 64.33M 16.77M 4.93M 14.96M 11.58M 2.88M 19.04M 0.95M -3.59M 5.18M -5.77M -0.24M 1.32M 2.86M 0.94M -2.78M -1.08M 0.30M 1.83M 0.48M 0.70M -0.16M -0.53M
Short-Term Debt Issuance 15.76M 0.00M 1.58M 1.03M -1.85M -8.00M -5.90M 1.78M 6.66M 0.13M -5.86M -6.63M 2.20M -0.29M 3.15M -7.07M 1.11M 2.76M -1.67M 0.25M -0.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -12.16M -17.92M -17.18M -19.09M -6.25M -8.45M -8.57M -14.70M -0.96M -5.77M -4.99M -5.02M -0.72M -0.83M -0.24M 2.91M -1.12M -2.21M 0.25M 1.22M 1.57M 1.21M 0.86M 0.50M 0.75M 2.08M 0.75M 0.47M 0.91M 1.20M 0.93M
Common Stock Issuance 0.00M 0.00M 0.20M 0.06M 1.78M 0.56M 1.34M 0.97M 1.64M 1.10M 0.32M 0.38M 0.89M 0.15M 0.76M 4.28M 0.19M 1.33M 2.08M 2.86M 2.48M 2.10M 0.99M 1.09M 0.80M 2.86M 0.87M 0.77M 1.30M 1.85M 1.34M
Common Stock Repurchased -12.36M -21.79M -18.92M -19.53M -8.52M -9.99M -8.99M -18.01M -0.74M -7.38M -5.23M -5.23M -1.75M -1.15M -0.49M -0.01M -1.40M -3.05M -0.93M -0.22M -0.16M -0.01M 0.00M 0.00M 0.00M 0.00M -0.04M -0.05M -0.02M -0.02M -0.26M
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 -46.97M -89.18M -95.83M -96.39M -67.97M -60.69M -57.54M -58.10M -47.72M -34.45M -25.95M -25.32M -17.10M -15.40M -15.90M -12.37M -11.24M -13.16M -10.75M -7.90M -5.29M -3.66M -3.04M -2.09M -1.51M -1.05M -0.63M -0.62M 0.00M 0.00M 0.00M
Common Dividends Paid -46.20M -89.18M -98.44M -98.93M -70.42M -62.94M -60.19M -57.01M -46.88M -33.98M -25.61M -25.32M -17.10M -14.75M -14.91M -11.82M -11.06M -13.09M -10.79M -6.93M -5.22M -3.35M -3.04M -1.89M -1.56M -1.05M -0.65M -0.62M 0.00M 0.00M 0.00M
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
Other Financing Activities -30.28M -16.39M -22.64M -12.83M -15.60M -11.39M -9.85M -1.85M 5.79M 2.36M -1.56M 3.39M -0.81M -1.16M -0.49M 0.21M -0.84M -0.22M 2.14M 0.62M -0.22M 0.46M 0.13M -0.32M 0.04M 0.04M 0.03M 0.03M -0.06M -0.06M -0.03M
Net Cash from Financing Activities -156.00M -168.06M -149.05M -77.07M -111.06M -64.44M -88.96M -44.17M 45.91M -35.35M -60.26M -32.76M 4.26M -18.05M 2.62M -15.81M -15.44M -25.38M -22.79M -8.74M -3.29M 0.74M 1.04M -2.15M 3.38M 8.60M 3.59M 1.15M 2.32M 0.39M 0.16M
Effect of FX on Cash 8.77M 9.41M 1.61M 6.85M 1.69M -4.42M -1.35M -1.46M -2.95M -3.86M 1.07M 3.09M 2.83M -1.04M 0.52M -1.34M -1.96M -1.65M 1.32M 1.01M 0.21M 0.36M 0.03M 0.06M -0.02M -0.02M 0.01M 0.01M 0.35M 0.04M -0.04M
Net Change in Cash 22.54M 52.26M 27.21M 81.48M 38.85M 140.02M 33.23M -13.78M 57.03M 22.85M 9.19M 39.36M 36.44M 10.50M 15.76M 15.65M 25.19M 17.55M 2.69M 3.96M 12.86M 3.00M 1.50M 4.21M 1.43M 2.55M 3.97M -0.62M 0.49M 0.55M 0.71M
Cash at Beginning of Period 833.93M 970.48M 1,007.47M 808.40M 815.50M 646.52M 583.85M 566.11M 451.32M 438.20M 401.69M 338.93M 274.46M 264.31M 223.54M 232.20M 182.94M 156.38M 147.92M 106.14M 78.15M 39.98M 35.62M 30.63M 21.95M 16.50M 10.36M 10.34M 8.87M 8.14M 7.15M
Cash at End of Period 928.04M 942.62M 975.28M 1,018.48M 794.47M 822.81M 636.49M 554.35M 570.42M 461.99M 426.78M 406.45M 320.47M 282.47M 241.98M 230.17M 230.63M 180.25M 157.13M 116.51M 97.20M 51.94M 36.41M 34.67M 27.63M 17.81M 17.12M 10.61M 11.84M 10.33M 7.80M
Operating Cash Flow 597.36M 556.94M 600.62M 566.50M 497.50M 498.25M 400.27M 335.45M 300.93M 306.50M 246.92M 243.96M 210.63M 161.73M 137.40M 112.40M 133.96M 136.88M 134.10M 76.38M 58.74M 33.28M 22.95M 22.06M 16.58M 12.17M 11.92M 9.68M 8.94M 9.58M 9.78M
Capital Expenditure -309.54M -273.56M -308.20M -344.93M -250.29M -246.13M -230.34M -215.90M -186.07M -130.30M -119.99M -120.59M -113.47M -110.96M -74.94M -50.02M -47.93M -74.88M -75.95M -42.81M -29.04M -17.63M -16.76M -15.11M -15.46M -12.17M -9.37M -9.23M -7.85M -6.40M -6.28M
Free Cash Flow 303.21M 319.40M 226.39M 211.39M 205.22M 207.97M 153.90M 84.68M 84.85M 127.91M 112.41M 124.69M 57.13M 44.94M 62.01M 48.52M 64.63M 45.55M 50.03M 28.26M 26.01M 13.59M 7.38M 7.70M 1.46M 0.28M 1.84M -1.27M 1.28M 2.11M 2.38M

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 714.51M 633.07M 676.74M 706.19M 701.66M 599.48M 509.34M 480.29M 410.10M 360.07M 361.15M 311.47M 279.20M 243.26M 243.12M 184.55M 99.90M 155.28M 177.68M 113.89M 77.64M 50.33M 38.86M 22.80M 20.87M 32.63M 18.17M 13.20M 11.63M 11.44M 11.23M
(-) Tax Adjustment 139.23M 128.17M 107.32M 115.42M 120.97M 126.02M 98.75M 107.39M 90.84M 67.73M 63.34M 58.04M 42.79M 65.27M 54.13M 37.40M 39.31M 53.19M 46.39M 32.57M 21.54M 13.37M 9.56M 6.57M 6.94M 9.86M 5.34M 4.52M 2.65M 3.10M 2.10M
(-) Change In Working Capital -33.67M -67.55M -24.37M -111.58M -121.46M -21.94M -49.87M -85.49M -78.57M -37.25M -16.63M -24.11M -18.82M -15.62M -24.15M -27.78M 24.64M -5.29M -14.84M -12.32M -5.51M -6.89M -3.51M 3.20M 0.07M -7.54M -3.48M -1.90M -1.74M -2.11M -3.41M
(-) Capital Expenditure 309.54M 273.56M 308.20M 344.93M 250.29M 246.13M 230.34M 215.90M 186.07M 130.30M 119.99M 120.59M 113.47M 110.96M 74.94M 50.02M 47.93M 74.88M 75.95M 42.81M 29.04M 17.63M 16.76M 15.11M 15.46M 12.17M 9.37M 9.23M 7.85M 6.40M 6.28M
Unlevered Free Cash Flow 299.42M 298.89M 285.59M 357.42M 451.86M 249.28M 230.13M 242.48M 211.76M 199.29M 194.45M 156.95M 141.75M 82.66M 138.20M 124.91M -11.98M 32.51M 70.19M 50.82M 32.58M 26.23M 16.05M -2.09M -1.60M 18.14M 6.94M 1.34M 2.87M 4.05M 6.26M
(-) Net Interest Income After Taxes -15.70M -18.57M -23.31M -23.69M -21.48M -24.81M -26.94M -21.14M -15.44M -10.93M -9.16M -8.76M -7.17M -5.87M -4.43M -4.95M -3.08M -3.56M -4.04M -1.90M -1.24M -1.22M -0.76M -0.69M -0.66M -0.33M -0.23M -0.21M -0.13M -0.28M -0.41M
Net Debt Issuance 19.45M -16.77M 8.23M 61.35M 0.67M 41.51M 23.44M 75.40M 78.36M 17.91M -9.91M 8.53M 24.59M 16.25M 23.51M -5.71M -1.46M 5.47M -7.78M 1.54M 2.05M 3.13M 0.58M -4.51M -1.30M 0.87M 1.63M 0.44M 0.95M -0.16M -0.55M
Levered Free Cash Flow 334.57M 300.69M 317.13M 442.45M 474.01M 315.59M 280.51M 339.02M 305.56M 228.12M 193.70M 174.23M 173.51M 104.79M 166.13M 124.14M -10.36M 41.54M 66.45M 54.26M 35.88M 30.58M 17.39M -5.91M -2.25M 19.34M 8.80M 1.99M 3.95M 4.17M 6.12M