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Definitive Analysis

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Page: Industry Financials

7014.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 175.71 13.42 38.45 29.95 24.18 25.43 22.60 25.92 19.35 22.62 19.84 18.33 18.31 18.42 14.81 14.91 14.46 12.12 11.33 18.62 14.37 12.09 11.67 10.97 9.40 10.12 8.69 8.05 10.77 10.11 8.41
Market Capitalization 20,050.65M 1,127.16M 5,685.46M 4,069.05M 3,532.93M 3,672.57M 2,694.68M 2,750.72M 2,173.06M 2,392.93M 2,238.50M 2,613.87M 2,230.16M 1,749.86M 1,252.30M 1,207.34M 1,459.41M 1,157.41M 747.29M 1,585.93M 804.32M 605.03M 618.86M 596.23M 453.82M 544.95M 327.14M 261.97M 805.23M 871.43M 820.69M
(-) Cash & Equivalents 289.47M 53.75M 546.30M 576.12M 517.20M 553.81M 456.12M 392.84M 321.71M 330.46M 323.61M 285.24M 215.81M 214.50M 187.94M 196.36M 199.44M 187.04M 115.67M 96.16M 44.48M 40.39M 43.84M 36.19M 39.96M 37.33M 18.83M 12.54M 18.85M 15.13M 11.21M
(+) Total Debt 3,177.48M 82.64M 1,007.92M 1,032.95M 918.05M 800.85M 761.07M 792.69M 712.34M 660.06M 729.90M 638.72M 517.19M 429.31M 380.85M 393.65M 329.85M 258.10M 214.98M 233.12M 142.67M 108.98M 122.03M 97.22M 114.07M 72.64M 73.25M 68.03M 73.86M 46.01M 70.49M
Enterprise Value 22,938,664,469.75 1,255,115,861.91 6,305,669,458.35 4,741,483,114.95 3,995,089,252.67 4,117,464,150.88 3,173,282,370.41 3,141,162,275.47 2,395,648,379.35 2,687,729,563.92 2,693,702,773.62 2,861,841,268.03 2,709,506,318.90 2,012,403,524.83 1,398,077,316.01 1,396,911,311.46 1,618,566,575.50 1,309,923,098.86 916,590,109.43 1,741,428,414.38 974,598,132.88 677,056,752.25 717,715,882.20 652,382,190.21 627,192,774.23 658,042,148.32 502,608,213.53 364,233,298.22 859,092,926.11 902,250,279.04 865,026,774.63

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 2,924.98M 426.32M 3,123.13M 2,843.02M 2,389.52M 2,186.74M 2,003.62M 2,060.39M 1,788.63M 1,806.73M 1,695.12M 1,639.73M 1,556.81M 1,457.21M 1,356.11M 1,205.51M 1,055.21M 997.99M 1,125.52M 933.28M 578.11M 403.98M 375.26M 347.20M 404.97M 336.80M 326.89M 268.51M 334.71M 315.25M 331.36M
Cost of Revenue 2,344.04M 294.48M 2,517.91M 2,383.76M 1,996.64M 1,851.60M 1,597.32M 1,656.76M 1,543.28M 1,415.62M 1,429.10M 1,374.34M 1,223.67M 1,117.95M 1,074.32M 914.19M 789.80M 774.21M 826.48M 682.64M 331.59M 260.20M 238.35M 263.96M 312.29M 264.68M 241.04M 196.27M 244.30M 169.88M 185.95M
Gross Profit 580.94M 131.84M 605.22M 459.26M 392.88M 335.14M 406.30M 403.63M 245.35M 391.11M 266.02M 265.39M 333.14M 339.26M 281.78M 291.32M 265.41M 223.78M 299.04M 250.65M 246.52M 143.79M 136.91M 83.23M 92.68M 72.11M 85.85M 72.24M 90.41M 145.38M 145.41M
Gross Margin 19.9% 30.9% 19.4% 16.2% 16.4% 15.3% 20.3% 19.6% 13.7% 21.6% 15.7% 16.2% 21.4% 23.3% 20.8% 24.2% 25.2% 22.4% 26.6% 26.9% 42.6% 35.6% 36.5% 24.0% 22.9% 21.4% 26.3% 26.9% 27.0% 46.1% 43.9%
R&D Expenses 47.45M 2.72M 63.87M 55.61M 53.74M 47.25M 42.41M 43.12M 34.54M 36.64M 31.45M 30.43M 23.73M 23.57M 17.58M 12.26M 11.39M 6.52M 5.37M 4.20M 1.56M 0.57M 1.07M 0.21M 0.22M 0.97M 0.77M 0.70M 0.65M 0.51M 0.05M
SG&A Expenses 298.22M 57.10M 170.52M 173.76M 159.31M 138.93M 116.89M 127.37M 126.59M 121.51M 121.51M 118.52M 120.00M 103.42M 93.95M 74.19M 54.32M 57.51M 65.93M 57.93M 37.08M 27.78M 31.85M 34.91M 39.09M 31.52M 23.60M 18.75M 28.34M 22.85M 21.79M
Operating Expenses 345.66M 59.81M 234.39M 229.37M 213.05M 186.18M 159.30M 170.49M 161.13M 158.15M 152.96M 148.95M 143.73M 126.99M 111.53M 86.44M 65.70M 64.03M 71.31M 62.13M 38.65M 28.36M 32.92M 35.12M 39.31M 32.49M 24.37M 19.44M 28.99M 23.36M 21.84M
Operating Income 235.28M 72.03M 370.83M 229.89M 179.83M 148.95M 247.00M 233.14M 84.22M 232.96M 113.06M 116.44M 189.42M 212.27M 170.25M 204.88M 199.71M 159.75M 227.73M 188.51M 207.88M 115.43M 103.99M 48.11M 53.36M 39.63M 61.48M 52.79M 61.42M 122.02M 123.57M
Operating Margin 8.0% 16.9% 11.9% 8.1% 7.5% 6.8% 12.3% 11.3% 4.7% 12.9% 6.7% 7.1% 12.2% 14.6% 12.6% 17.0% 18.9% 16.0% 20.2% 20.2% 36.0% 28.6% 27.7% 13.9% 13.2% 11.8% 18.8% 19.7% 18.4% 38.7% 37.3%
Interest Income 1.24M 0.33M 12.91M 11.86M 9.82M 6.16M 5.11M 7.49M 5.60M 4.67M 3.21M 4.46M 3.17M 2.63M 1.96M 2.96M 2.58M 2.15M 2.30M 1.16M 0.10M 0.19M 0.16M 0.07M 0.06M 0.05M 0.08M 0.00M 0.00M 0.00M 0.00M
Interest Expense 66.80M 7.79M 51.14M 44.19M 32.68M 31.67M 33.49M 31.30M 30.29M 25.22M 26.20M 24.77M 27.24M 21.38M 22.04M 17.22M 17.00M 14.30M 12.21M 6.58M 4.74M 2.81M 3.23M 3.31M 3.55M 2.23M 1.57M 0.62M 0.45M 0.34M 0.36M
Net Interest Income -65.56M -7.46M -38.23M -32.32M -22.86M -25.52M -28.38M -23.81M -24.69M -20.56M -22.99M -20.31M -24.08M -18.75M -20.08M -14.25M -14.43M -12.15M -9.91M -5.42M -4.63M -2.61M -3.08M -3.23M -3.49M -2.18M -1.49M -0.62M -0.45M -0.34M -0.36M
Other Income / Expense 9.04M -30.73M -142.76M -41.60M -53.02M -46.77M -172.85M -108.29M 24.02M -124.09M 5.03M -12.98M -77.53M -107.83M -63.79M -102.90M -103.73M -70.64M -145.49M -116.48M -172.18M -93.36M -81.13M -18.72M -21.76M -12.86M -38.27M -32.12M -34.69M -100.61M -102.00M
Pre-Tax Income 178.76M 33.84M 189.84M 155.96M 103.95M 76.67M 45.77M 101.04M 83.56M 88.31M 95.11M 83.16M 87.81M 85.69M 86.38M 87.73M 81.55M 76.96M 72.33M 66.61M 31.06M 19.45M 19.78M 26.16M 28.12M 24.59M 21.72M 20.05M 26.28M 21.07M 21.21M
Pre-Tax Margin 6.1% 7.9% 6.1% 5.5% 4.4% 3.5% 2.3% 4.9% 4.7% 4.9% 5.6% 5.1% 5.6% 5.9% 6.4% 7.3% 7.7% 7.7% 6.4% 7.1% 5.4% 4.8% 5.3% 7.5% 6.9% 7.3% 6.6% 7.5% 7.9% 6.7% 6.4%
Income Tax Expense 35.09M 6.83M 25.07M 20.82M 23.88M 18.76M 9.71M 24.61M 18.02M 21.99M 23.84M 21.61M 22.61M 25.09M 22.46M 24.96M 19.99M 16.55M 19.88M 23.29M 11.18M 6.80M 7.53M 6.26M 8.44M 12.13M 6.68M 7.23M 8.14M 5.73M 7.93M
Tax Rate 19.6% 20.2% 13.2% 13.3% 23.0% 24.5% 21.2% 24.4% 21.6% 24.9% 25.1% 26.0% 25.7% 29.3% 26.0% 28.5% 24.5% 21.5% 27.5% 35.0% 35.0% 35.0% 35.0% 23.9% 30.0% 35.0% 30.8% 35.0% 31.0% 27.2% 35.0%
Net Income 143.68M 27.01M 164.76M 135.14M 80.08M 57.90M 36.05M 76.43M 65.54M 66.32M 71.27M 61.54M 65.20M 60.60M 63.92M 62.76M 61.56M 60.41M 52.46M 43.32M 19.89M 12.65M 12.25M 19.90M 19.68M 12.46M 15.04M 12.82M 18.14M 15.34M 13.29M
Net Margin 4.9% 6.3% 5.3% 4.8% 3.4% 2.6% 1.8% 3.7% 3.7% 3.7% 4.2% 3.8% 4.2% 4.2% 4.7% 5.2% 5.8% 6.1% 4.7% 4.6% 3.4% 3.1% 3.3% 5.7% 4.9% 3.7% 4.6% 4.8% 5.4% 4.9% 4.0%
EBIT 235.28M 72.03M 370.83M 229.89M 179.83M 148.95M 247.00M 233.14M 84.22M 232.96M 113.06M 116.44M 189.42M 212.27M 170.25M 204.88M 199.71M 159.75M 227.73M 188.51M 207.88M 115.43M 103.99M 48.11M 53.36M 39.63M 61.48M 52.79M 61.42M 122.02M 123.57M
Depreciation & Amortization 138.99M 17.43M 113.84M 113.56M 97.69M 98.18M 84.21M 89.57M 73.17M 68.87M 66.82M 61.16M 60.37M 52.58M 45.80M 40.20M 32.77M 29.29M 26.83M 23.07M 16.44M 12.60M 13.03M 16.21M 15.27M 12.18M 10.58M 8.87M 9.44M 8.29M 9.09M
EBITDA 374.27M 89.46M 484.67M 343.45M 277.52M 247.14M 331.21M 322.71M 157.39M 301.83M 179.88M 177.60M 249.78M 264.86M 216.05M 245.08M 232.47M 189.03M 254.56M 211.59M 224.32M 128.03M 117.01M 64.32M 68.63M 51.81M 72.05M 61.67M 70.86M 130.31M 132.67M
EBITDA Margin 12.8% 21.0% 15.5% 12.1% 11.6% 11.3% 16.5% 15.7% 8.8% 16.7% 10.6% 10.8% 16.0% 18.2% 15.9% 20.3% 22.0% 18.9% 22.6% 22.7% 38.8% 31.7% 31.2% 18.5% 16.9% 15.4% 22.0% 23.0% 21.2% 41.3% 40.0%
NOPAT 189.10M 57.50M 321.85M 199.21M 138.53M 112.50M 194.59M 176.35M 66.06M 174.95M 84.72M 86.18M 140.65M 150.11M 125.99M 146.58M 150.75M 125.39M 165.15M 122.59M 135.12M 75.07M 67.59M 36.60M 37.35M 25.76M 42.56M 34.32M 42.39M 88.82M 80.32M
NOPAT Margin 6.5% 13.5% 10.3% 7.0% 5.8% 5.1% 9.7% 8.6% 3.7% 9.7% 5.0% 5.3% 9.0% 10.3% 9.3% 12.2% 14.3% 12.6% 14.7% 13.1% 23.4% 18.6% 18.0% 10.5% 9.2% 7.6% 13.0% 12.8% 12.7% 28.2% 24.2%
Owner's Earnings 282.66M 44.44M 278.60M 248.71M 177.76M 156.09M 120.27M 165.99M 138.70M 135.19M 138.09M 122.70M 125.57M 113.18M 109.72M 102.96M 94.32M 89.69M 79.29M 66.39M 36.33M 25.25M 25.28M 36.11M 34.95M 24.64M 25.62M 21.70M 27.57M 23.63M 22.38M
Owner's Earnings Margin 9.7% 10.4% 8.9% 8.7% 7.4% 7.1% 6.0% 8.1% 7.8% 7.5% 8.1% 7.5% 8.1% 7.8% 8.1% 8.5% 8.9% 9.0% 7.0% 7.1% 6.3% 6.2% 6.7% 10.4% 8.6% 7.3% 7.8% 8.1% 8.2% 7.5% 6.8%
EPS 1.55 0.31 0.36 0.29 0.17 0.14 0.09 0.21 0.17 0.16 0.22 0.18 0.19 0.20 0.22 0.22 0.22 0.24 0.22 0.18 0.09 0.07 0.05 0.09 0.09 0.05 0.09 0.08 0.08 0.08 0.07
EPS (Diluted) 1.55 0.31 0.36 0.29 0.17 0.14 0.09 0.21 0.17 0.16 0.22 0.18 0.19 0.20 0.22 0.22 0.22 0.24 0.22 0.18 0.09 0.07 0.05 0.09 0.09 0.05 0.09 0.08 0.08 0.08 0.07
Shares (Diluted) 92.60M 87.26M 461.85M 467.86M 469.42M 413.80M 394.46M 371.63M 387.91M 403.11M 329.85M 347.78M 338.80M 306.30M 285.43M 290.17M 273.84M 254.13M 235.73M 237.33M 225.69M 188.35M 233.01M 221.69M 224.55M 231.36M 160.76M 166.15M 215.99M 183.70M 185.60M

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 289.47M 70.56M 546.30M 576.12M 521.79M 563.90M 456.11M 392.84M 325.94M 333.44M 323.61M 285.24M 215.81M 216.30M 189.51M 199.89M 201.21M 188.76M 116.76M 99.16M 45.86M 41.21M 46.57M 36.19M 37.01M 38.56M 19.47M 13.01M 20.00M 17.12M 14.47M
Short-Term Investments 58.48M 15.23M 57.73M 46.04M 65.88M 53.93M 76.73M 47.61M 56.56M 49.69M 46.25M 31.45M 33.06M 37.57M 35.61M 39.19M 53.51M 44.25M 18.78M 18.20M 7.90M 7.42M 4.26M 5.79M 9.82M 8.07M 16.64M 8.56M 0.05M 1.97M 1.54M
Cash & Short-Term Investments 347.95M 85.79M 604.03M 622.17M 587.67M 617.83M 532.85M 440.45M 382.50M 383.13M 369.86M 316.70M 248.88M 253.87M 225.11M 239.08M 254.71M 233.01M 135.54M 117.36M 53.75M 48.63M 50.83M 41.97M 46.82M 46.63M 36.11M 21.57M 20.05M 19.09M 16.01M
Net Receivables 2,196.42M 119.55M 1,187.07M 843.67M 710.02M 641.42M 592.05M 632.15M 556.62M 425.95M 388.62M 369.80M 342.99M 317.37M 280.91M 238.97M 193.09M 190.22M 174.37M 175.78M 93.38M 62.72M 78.82M 65.20M 63.01M 63.31M 50.25M 48.29M 66.27M 62.03M 66.41M
Inventory 433.34M 118.67M 828.02M 752.74M 614.14M 533.03M 520.89M 490.04M 434.45M 490.13M 529.09M 546.70M 481.63M 368.99M 253.44M 233.59M 222.37M 212.33M 215.30M 191.52M 105.21M 81.17M 81.07M 75.33M 86.24M 67.04M 56.15M 55.26M 69.72M 63.27M 75.20M
Other Current Assets 182.54M 20.69M 84.61M 210.25M 128.04M 153.65M 118.54M 147.75M 173.49M 149.75M 121.97M 119.89M 121.94M 82.34M 81.76M 53.99M 53.54M 49.85M 60.24M 42.18M 20.45M 15.07M 26.22M 23.63M 27.13M 19.63M 21.01M 24.91M 30.91M 34.44M 29.87M
Total Current Assets 3,160.24M 344.70M 2,703.74M 2,428.83M 2,039.86M 1,945.93M 1,764.33M 1,710.39M 1,547.07M 1,448.96M 1,409.54M 1,353.08M 1,195.44M 1,022.57M 841.22M 765.63M 723.71M 685.41M 585.45M 526.84M 272.80M 207.59M 236.95M 206.12M 223.20M 196.61M 163.52M 150.03M 186.95M 178.82M 187.49M
Property, Plant & Equipment 841.69M 90.94M 978.95M 928.44M 857.99M 853.90M 699.34M 807.83M 677.06M 624.49M 609.61M 581.65M 524.11M 443.29M 352.42M 333.21M 294.70M 297.65M 238.89M 236.48M 131.69M 107.08M 105.18M 127.64M 143.65M 102.22M 66.70M 71.45M 66.99M 99.56M 123.61M
Goodwill 7,178.92M 63.96M 445.64M 426.06M 263.47M 222.63M 187.91M 206.87M 174.04M 146.54M 147.96M 139.71M 121.01M 107.14M 111.80M 59.97M 52.21M 43.34M 43.34M 40.39M 28.76M 6.47M 0.00M 0.00M 0.33M 0.15M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 2,500.27M 22.16M 236.84M 234.08M 212.10M 205.61M 172.97M 175.71M 130.38M 130.78M 117.88M 106.03M 97.28M 96.66M 86.62M 80.00M 63.16M 54.42M 28.06M 34.69M 18.90M 25.77M 60.95M 50.57M 30.16M 25.00M 39.07M 40.16M 17.46M 12.79M 4.60M
Long-Term Investments 69.24M 3.01M 122.66M 156.95M 135.50M 102.22M 80.73M 52.84M 63.97M 66.74M 45.43M 49.80M 40.70M 27.30M 16.97M 8.66M 5.41M 11.99M 4.97M 2.02M 0.61M 1.11M 0.18M 0.31M 0.28M 0.02M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 24.15M 5.03M 51.64M 28.59M 40.12M 36.53M 34.41M 36.13M 29.44M 28.03M 42.63M 41.28M 28.28M 15.58M 13.54M 16.15M 13.73M 13.03M 12.26M 7.22M 4.72M 2.78M 1.88M 2.73M 2.69M 1.44M 0.04M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 890.75M 16.62M 142.21M 115.68M 101.92M 91.21M 92.88M 98.39M 103.51M 80.38M 52.62M 39.23M 44.46M 54.30M 58.53M 60.05M 60.42M 56.16M 53.19M 44.73M 31.82M 27.36M 42.16M 30.04M 32.59M 18.15M 19.68M 13.27M 16.26M 13.17M 17.93M
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 11,505.02M 201.72M 1,977.94M 1,889.81M 1,611.09M 1,512.11M 1,268.25M 1,377.78M 1,178.40M 1,076.95M 1,016.13M 957.70M 855.85M 744.29M 639.87M 558.03M 489.63M 476.60M 380.71M 365.52M 216.49M 170.58M 210.36M 211.29M 209.69M 146.98M 125.50M 124.87M 100.71M 125.53M 146.13M
Total Assets 14,665.26M 546.41M 4,681.68M 4,318.64M 3,650.96M 3,458.04M 3,032.57M 3,088.17M 2,725.47M 2,525.92M 2,425.67M 2,310.78M 2,051.28M 1,766.86M 1,481.09M 1,323.66M 1,213.34M 1,162.01M 966.16M 892.36M 489.29M 378.16M 447.31M 417.41M 432.89M 343.59M 289.02M 274.90M 287.66M 304.36M 333.63M
Accounts Payable 734.25M 56.95M 686.10M 645.47M 419.97M 418.77M 351.71M 446.64M 390.12M 413.15M 401.01M 294.55M 323.96M 286.43M 225.79M 213.05M 216.53M 153.07M 141.84M 109.45M 76.07M 50.49M 54.34M 38.18M 41.57M 37.10M 25.74M 28.35M 37.00M 34.07M 45.99M
Short-Term Debt 225.46M 13.49M 216.86M 199.59M 204.36M 156.64M 187.17M 207.27M 184.73M 138.64M 147.81M 111.87M 98.41M 92.47M 87.89M 67.25M 62.03M 63.18M 38.72M 39.01M 14.32M 13.02M 17.71M 15.68M 12.79M 15.76M 20.58M 17.85M 15.84M 18.60M 13.36M
Tax Payables 0.05M 0.63M 14.04M 11.14M 14.23M 11.05M 9.66M 8.57M 9.12M 9.24M 11.44M 9.77M 7.89M 7.42M 6.74M 4.90M 4.73M 3.32M 3.14M 4.37M 1.54M 0.84M 1.48M 0.80M 1.01M 0.30M 0.00M 0.00M 0.00M 0.05M 0.12M
Deferred Revenue 17.79M 22.28M 78.52M 119.35M 460.25M 521.80M 360.15M 339.22M 82.05M 132.00M 101.91M 70.79M 66.54M 94.11M 55.35M 52.61M 28.37M 28.98M 31.47M 24.06M 11.08M 9.73M 7.72M 6.13M 7.38M 6.08M 0.87M 0.17M 0.36M 0.05M 0.00M
Other Current Liabilities 1,342.14M 47.88M 755.71M 561.07M 298.63M 251.34M 214.69M 235.74M 303.51M 250.94M 190.11M 243.07M 230.61M 221.01M 178.75M 177.34M 146.54M 150.92M 132.66M 102.23M 49.66M 36.74M 38.27M 26.64M 30.68M 21.90M 17.75M 33.40M 46.92M 56.55M 68.24M
Total Current Liabilities 2,319.70M 141.23M 1,751.22M 1,536.62M 1,397.45M 1,359.61M 1,123.38M 1,237.44M 969.53M 943.96M 852.28M 730.05M 727.41M 701.44M 554.52M 515.15M 458.19M 399.48M 347.83M 279.13M 152.66M 110.83M 119.52M 87.43M 93.43M 81.15M 64.93M 79.76M 100.13M 109.32M 127.71M
Long-Term Debt 2,953.20M 65.19M 647.49M 625.15M 488.88M 483.81M 434.08M 449.78M 437.02M 423.66M 427.62M 386.65M 347.05M 308.82M 280.25M 225.82M 207.00M 190.22M 142.77M 133.96M 102.54M 91.09M 92.62M 66.89M 59.95M 60.26M 58.61M 56.03M 65.46M 61.32M 76.05M
Capital Lease Obligations 24.79M 10.11M 69.55M 67.41M 64.11M 66.89M 62.85M 61.36M 2.04M 1.32M 1.10M 1.21M 1.33M 1.00M 0.42M 0.00M 0.00M 0.00M 0.00M 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 343.05M 4.83M 40.58M 39.95M 35.50M 31.52M 26.00M 31.95M 35.34M 30.33M 29.60M 24.99M 26.25M 21.46M 20.48M 17.43M 14.85M 14.28M 10.68M 11.45M 3.64M 3.87M 7.60M 1.50M 1.24M 1.77M 0.95M 0.60M 0.72M 2.04M 1.60M
Other Non-Current Liabilities 1,739.44M 15.87M 194.32M 189.88M 157.68M 164.35M 176.08M 154.62M 140.69M 101.71M 122.73M 100.29M 103.07M 141.20M 78.60M 61.53M 75.01M 69.51M 79.67M 30.98M 18.63M 20.50M 23.20M 28.68M 27.90M 13.88M 13.09M 14.05M 11.77M 10.16M 21.48M
Total Non-Current Liabilities 5,060.47M 96.00M 951.95M 922.39M 746.17M 746.57M 699.01M 697.70M 615.10M 557.01M 581.05M 513.14M 477.70M 472.47M 379.76M 304.78M 296.86M 274.01M 233.12M 176.38M 124.80M 115.47M 123.42M 97.08M 89.10M 75.90M 72.65M 70.68M 77.95M 73.52M 99.13M
Total Liabilities 7,380.16M 237.24M 2,703.17M 2,459.01M 2,143.62M 2,106.17M 1,822.39M 1,935.14M 1,584.63M 1,500.98M 1,433.33M 1,243.19M 1,205.11M 1,173.90M 934.28M 819.94M 755.05M 673.48M 580.94M 455.51M 277.46M 226.30M 242.95M 184.51M 182.53M 157.05M 137.57M 150.44M 178.08M 182.84M 226.84M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 47.27M 16.46M 163.72M 167.68M 151.29M 153.86M 149.66M 144.68M 142.18M 133.78M 110.97M 111.32M 110.00M 102.79M 99.06M 96.02M 85.65M 85.79M 53.13M 34.62M 17.59M 17.33M 19.05M 20.59M 21.00M 20.25M 16.28M 15.79M 9.23M 5.76M 4.67M
Retained Earnings 1,104.82M 86.18M 627.41M 540.46M 454.91M 451.47M 385.58M 453.86M 429.57M 440.58M 379.28M 384.79M 357.09M 363.12M 295.26M 262.82M 191.96M 162.09M 119.79M 100.89M 46.01M 37.35M 41.35M 43.58M 58.98M 65.52M 65.74M 56.17M 70.10M 67.38M 85.76M
Accumulated OCI 13.94M 2.92M 19.43M 16.08M 19.33M 18.97M 29.68M 44.89M 14.13M 0.60M 4.64M -9.89M -8.91M -10.48M -7.48M -5.65M -5.67M -5.49M -2.60M -0.42M -1.30M -1.00M -0.70M -0.72M -1.85M -5.07M -5.88M -6.83M -26.73M -22.31M -20.39M
Minority Interest 28.75M 0.02M 22.05M 22.03M 14.70M 17.27M 16.79M 23.67M 16.94M 16.73M 11.42M 11.19M 9.23M 8.14M 7.27M 8.21M 5.15M 3.80M 2.91M 2.71M 1.11M 0.94M 1.17M 0.97M 1.14M 0.46M 0.28M 0.07M 0.02M 0.00M 0.00M
Total Shareholders’ Equity 1,166.04M 105.56M 810.56M 724.22M 625.53M 624.31M 564.92M 643.43M 585.87M 574.96M 494.90M 486.21M 458.18M 455.43M 386.84M 353.19M 271.94M 242.38M 170.31M 135.09M 62.29M 53.67M 59.71M 63.46M 78.14M 80.70M 76.14M 65.14M 52.61M 50.83M 70.04M
Total Equity 1,194.79M 105.58M 832.61M 746.25M 640.23M 641.58M 581.71M 667.10M 602.81M 591.69M 506.32M 497.40M 467.41M 463.56M 394.11M 361.40M 277.09M 246.18M 173.22M 137.81M 63.40M 54.61M 60.88M 64.42M 79.28M 81.16M 76.42M 65.21M 52.63M 50.83M 70.04M
Total Liabilities & Equity 8,574.95M 342.81M 3,535.78M 3,205.26M 2,783.85M 2,747.75M 2,404.09M 2,602.24M 2,187.44M 2,092.67M 1,939.65M 1,740.60M 1,672.52M 1,637.47M 1,328.39M 1,181.34M 1,032.14M 919.67M 754.16M 593.32M 340.86M 280.91M 303.82M 248.93M 261.81M 238.21M 213.99M 215.65M 230.71M 233.67M 296.88M
Tangible Assets 4,986.07M 460.29M 3,999.20M 3,658.50M 3,175.39M 3,029.80M 2,671.69M 2,705.58M 2,421.04M 2,248.60M 2,159.83M 2,065.05M 1,832.99M 1,563.05M 1,282.68M 1,183.70M 1,097.97M 1,064.24M 894.76M 817.29M 441.63M 345.92M 386.36M 366.84M 402.40M 318.44M 249.95M 234.75M 270.20M 291.56M 329.03M
Tangible Equity -8,484.40M 19.46M 150.13M 86.11M 164.66M 213.34M 220.83M 284.51M 298.39M 314.37M 240.47M 251.67M 249.12M 259.76M 195.70M 221.44M 161.72M 148.41M 101.82M 62.73M 15.74M 22.37M -0.07M 13.85M 48.78M 56.01M 37.36M 25.05M 35.17M 38.04M 65.44M
Tangible Book Value -8,484,400,750.00 19,455,092.27 150,134,852.26 86,106,235.74 164,660,042.13 213,335,926.82 220,826,212.78 284,511,342.90 298,389,543.37 314,374,440.46 240,474,703.87 251,666,979.21 249,123,406.45 259,756,878.25 195,697,499.73 221,435,935.80 161,724,082.20 148,412,589.18 101,819,954.86 62,731,531.47 15,740,355.56 22,368,682.17 -72,569.21 13,850,241.36 48,783,333.31 56,007,256.35 37,355,405.05 25,053,479.11 35,170,659.52 38,035,674.80 65,442,367.65
Total Investments 127.73M 13.53M 147.14M 192.46M 173.70M 147.24M 99.77M 79.43M 81.45M 81.10M 76.86M 56.86M 56.32M 47.65M 47.48M 39.66M 39.20M 32.44M 21.96M 26.16M 8.57M 6.63M 9.12M 8.62M 9.40M 5.96M 4.24M 2.98M 0.31M 0.00M 0.00M
Net Debt 2,889.19M 8.12M 318.05M 248.62M 171.46M 76.55M 165.14M 264.21M 295.81M 228.86M 251.81M 213.28M 229.65M 184.99M 178.64M 93.18M 67.82M 64.64M 64.73M 73.81M 71.00M 62.90M 63.76M 46.38M 35.74M 37.46M 59.71M 60.86M 61.30M 62.80M 74.94M

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 816.76M 148.37M 643.11M 598.62M 341.59M 724.15M 579.07M 620.60M 587.87M 530.07M 491.23M 411.96M 399.81M 268.23M 393.88M 338.01M 318.87M 214.21M 194.09M 223.90M 160.09M 91.26M 130.23M 84.38M 74.05M 76.35M 77.83M 68.23M 92.80M 87.51M 56.49M
Total Capital 10,412.95M 397.67M 2,640.37M 2,391.82M 2,090.39M 1,956.90M 1,736.37M 1,757.40M 1,578.53M 1,499.08M 1,565.17M 1,491.72M 1,266.34M 1,122.54M 1,044.72M 1,010.46M 900.07M 752.26M 601.29M 668.13M 400.71M 301.22M 364.38M 297.33M 299.32M 230.38M 203.42M 185.02M 206.79M 188.27M 188.78M
Capital Employed 12,321.78M 544.61M 3,036.67M 3,003.05M 2,314.72M 2,403.40M 2,172.10M 2,055.36M 1,903.88M 1,922.04M 1,844.04M 1,677.44M 1,513.07M 1,320.11M 1,299.24M 1,220.60M 1,026.21M 920.39M 797.00M 805.94M 440.10M 387.22M 445.28M 421.03M 433.93M 258.94M 224.09M 212.34M 192.30M 201.71M 291.04M
Invested Capital 10,123.48M 327.11M 2,094.07M 1,815.69M 1,568.60M 1,393.00M 1,280.26M 1,364.56M 1,252.59M 1,165.64M 1,241.56M 1,206.47M 1,050.52M 906.24M 855.21M 810.57M 698.86M 563.51M 484.53M 568.97M 354.86M 260.00M 317.81M 261.14M 262.31M 191.82M 183.94M 172.01M 186.80M 171.15M 174.30M

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 147.06M 17.55M 112.43M 116.14M 98.87M 97.66M 90.50M 88.89M 73.08M 68.16M 66.93M 60.65M 60.27M 53.21M 46.23M 40.59M 32.76M 29.70M 27.44M 23.78M 17.15M 12.85M 13.28M 16.83M 15.68M 17.96M 10.74M 10.39M 14.51M 19.68M 20.92M
Deferred Income Tax 60.66M 0.00M 0.00M -1.63M -2.73M -0.55M -0.57M 0.42M -0.08M 1.00M 0.43M 1.48M 0.48M 0.85M -0.28M 0.14M 0.41M 0.11M -0.08M 0.53M -0.03M 0.15M 0.00M 0.16M 0.03M 0.05M 0.76M 0.41M 0.28M 0.87M -0.08M
Stock-Based Compensation 7.67M 0.49M 6.16M 5.43M 5.96M 4.34M 3.97M 3.80M 4.08M 3.14M 2.13M 2.02M 2.09M 1.99M 1.73M 0.98M 0.81M 0.79M 0.22M 0.02M 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 -65.16M -12.00M -88.65M -46.47M -54.57M -3.38M -30.81M -48.46M -64.00M -31.13M -29.88M -18.18M -77.29M -45.79M -33.54M -39.89M -8.34M -8.44M -13.76M 0.95M 1.29M 1.85M -0.67M 1.60M 0.15M 2.04M -4.78M -4.97M -8.14M -5.71M -4.59M
Accounts Receivable 21.97M -11.68M -75.85M -47.55M -65.22M -38.50M -7.81M -13.73M -41.57M -18.58M -15.81M -11.27M -19.30M -16.44M -3.60M -1.31M -0.04M 0.15M -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
Inventory -1.88M -5.10M -54.00M -51.90M -53.54M -18.55M -17.80M -34.14M -20.31M -12.55M -10.46M -13.05M -33.85M -20.51M -20.94M -18.08M -4.27M -1.58M -22.98M -17.83M -10.88M -7.46M -3.66M 0.14M 0.17M -3.22M -1.53M -0.52M -3.25M -1.94M -6.24M
Accounts Payable 1.41M 5.00M 22.57M 33.80M 41.72M 44.48M -7.10M 18.71M 24.25M 7.22M 6.32M 1.37M 0.00M 0.96M 0.00M 0.34M 0.00M 0.00M 0.00M 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 -84.81M 5.52M 25.25M 8.19M 22.24M 3.29M 3.06M 1.70M -18.15M -4.44M -20.55M -1.43M -6.46M -10.59M -14.36M -11.45M -2.75M -4.03M 14.07M 28.01M 8.82M 6.62M 3.64M -0.87M -0.62M 1.37M -4.37M -1.25M -2.51M 0.61M -0.09M
Other Non-Cash Items -62.12M 3.27M 7.61M 17.66M 18.56M 14.33M 31.44M 17.26M 17.33M 12.11M 15.58M 18.68M 17.31M 20.73M 8.82M 5.39M 6.45M 4.76M 11.54M 0.53M 1.72M 3.03M 2.77M 2.03M 5.71M 3.85M 1.75M 0.68M 0.58M -0.82M 0.92M
Net Cash from Operating Activities 235.74M 27.68M 204.49M 172.09M 166.58M 190.76M 120.42M 182.48M 107.68M 131.70M 134.25M 110.70M 74.13M 96.50M 76.48M 64.54M 78.34M 77.17M 75.92M 72.71M 43.57M 39.46M 38.53M 31.02M 37.57M 25.92M 15.48M 19.72M 28.50M 70.49M 30.99M
Capital Expenditures (PPE) -37.53M -17.04M -108.89M -91.91M -85.17M -77.03M -86.36M -96.11M -77.94M -71.96M -74.47M -81.08M -80.33M -79.53M -61.92M -59.23M -49.54M -45.11M -50.40M -38.62M -24.42M -14.40M -13.41M -14.10M -18.24M -15.98M -11.06M -22.18M -28.55M -25.45M -24.29M
Acquisitions (Net) -1.01M 0.01M -3.96M -2.67M -7.26M -3.48M 4.82M -0.32M -7.12M -4.54M -1.35M -2.21M -2.80M -2.55M -4.41M -15.01M -11.86M -7.54M -15.63M -16.15M -6.37M -6.20M -1.75M -1.00M -2.25M -4.54M -0.41M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -71.42M -0.37M -5.78M -13.72M -53.65M -12.93M -13.69M -23.32M -3.49M -6.21M -4.68M -5.06M -4.70M -1.58M -1.88M -4.23M -8.52M -4.13M -10.83M -8.36M -1.29M -2.40M -3.05M -3.20M -2.91M -3.19M -0.70M -0.25M -0.37M 0.00M -0.14M
Sales / Maturities of Investments 0.07M 0.45M 12.28M 10.60M 12.24M 14.27M 20.99M 29.69M 7.30M 6.77M 4.38M 5.38M 3.52M 4.03M 4.18M 2.92M 7.15M 6.51M 8.77M 5.54M 0.66M 1.37M 3.68M 2.12M 1.81M 5.11M 0.72M 0.27M 0.20M 0.00M 0.02M
Other Investing Activities -12.52M 2.58M 9.24M 1.97M 3.24M 6.47M 0.00M 8.29M 12.49M 12.16M 6.67M 4.60M 7.81M 6.80M 7.54M 1.55M 3.08M 3.31M 0.65M 2.72M 0.47M 2.40M 0.59M 1.49M 1.45M 1.22M 0.63M 0.02M -3.67M -1.12M -7.45M
Net Cash from Investing Activities -123.00M -14.62M -160.19M -126.91M -108.96M -116.96M -83.97M -113.39M -90.35M -82.45M -92.91M -79.42M -84.58M -93.26M -71.13M -92.03M -67.30M -56.11M -65.36M -72.13M -35.68M -33.20M -28.94M -18.65M -21.14M -18.10M -8.81M -22.29M -60.63M -26.14M -53.75M
Net Debt Issuance -214.13M -4.15M 9.96M -0.45M 5.29M -22.54M 34.67M 14.23M 30.88M -8.64M 18.69M 20.20M 12.52M 6.93M 3.39M 15.43M 0.94M 7.52M 17.13M 8.12M 4.92M 1.99M 0.03M -1.96M -6.55M -1.58M 0.12M 1.02M 14.84M 6.05M 3.91M
Long-Term Debt Issuance -141.70M 0.99M 18.89M -5.63M 2.08M -12.16M 19.70M 14.49M 25.04M -3.45M 24.28M 31.95M 7.71M 17.54M 6.13M 26.08M 7.07M 7.66M 17.40M 7.69M 4.87M 1.79M 0.08M -2.10M -5.46M -1.59M -0.63M 1.02M 14.70M 6.14M 3.82M
Short-Term Debt Issuance -65.00M -0.01M 0.00M -0.01M 0.00M -5.48M -0.14M -0.33M -0.08M 0.00M 0.00M -0.28M 0.00M 0.00M -0.56M -0.63M -0.63M 0.00M 0.00M 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 -285.36M 1.46M 0.06M -0.50M -1.90M -0.75M -1.71M -6.24M -2.76M -3.74M -2.64M -2.01M -4.71M -0.11M -0.02M -0.67M 0.41M 0.15M -0.73M 2.04M 0.85M 0.21M 0.48M 0.20M 0.30M 0.20M 0.20M -0.46M 0.02M 1.35M -0.10M
Common Stock Issuance -239.37M 3.76M 3.67M 2.95M 0.03M 3.09M 1.66M 0.20M 0.25M 0.86M 0.75M 1.86M 0.53M 0.07M 0.43M 0.92M 1.37M 0.41M 0.80M 4.28M 1.87M 0.99M 2.39M 0.68M 0.94M 0.57M 0.80M 0.52M 4.31M 4.01M 2.36M
Common Stock Repurchased -44.02M -1.53M -2.09M -0.87M -2.30M -2.30M -4.59M -9.04M -3.80M -4.28M -4.47M -3.13M -5.79M -0.96M -0.42M -0.81M -0.15M -0.10M -2.43M -0.23M -0.07M 0.00M 0.00M 0.00M 0.00M 0.00M -0.32M -1.25M -1.00M -1.28M -3.56M
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 -59.11M -2.87M -27.72M -25.51M -17.45M -18.21M -22.89M -18.32M -19.17M -21.83M -19.16M -17.03M -18.43M -19.72M -12.00M -11.54M -9.94M -8.19M -9.11M -4.29M -3.52M -2.29M -3.51M -3.62M -4.27M -3.00M -2.57M -3.22M -4.48M -6.17M -6.59M
Common Dividends Paid -56.88M -2.75M -27.75M -22.82M -21.93M -19.86M -24.58M -19.28M -18.84M -18.59M -17.50M -15.96M -20.30M -23.14M -14.09M -13.07M -10.68M -9.76M -11.33M -5.13M -3.67M -3.12M -4.57M -4.21M -4.50M -3.23M -2.57M -3.22M -4.50M -6.17M -6.59M
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 263.35M -0.78M -11.21M -9.32M -8.04M -6.37M -8.89M -11.76M -3.11M 1.75M 2.76M 3.77M 3.57M 3.03M -2.85M 2.37M -2.39M -2.19M 1.22M 3.33M 0.29M 0.31M 0.62M 0.70M 0.12M -0.14M 0.18M -0.04M 0.25M -0.03M -0.84M
Net Cash from Financing Activities -298.59M -14.62M -30.72M -17.63M -68.75M -28.03M 8.35M 1.08M -3.37M -54.54M -5.25M 21.62M -10.20M 2.62M -25.14M 8.89M -4.01M 3.72M 3.65M 13.71M 2.13M -3.94M 2.28M -3.18M -5.92M -5.13M -3.14M 1.01M 15.87M 2.10M 0.05M
Effect of FX on Cash -0.27M 0.00M -0.12M 0.24M -0.60M -0.11M -0.76M -0.31M 0.19M -0.87M -0.21M 0.28M 0.46M -0.19M -0.22M -0.52M -0.03M 0.24M -0.26M 0.02M 0.04M -0.01M 0.01M 0.01M 0.07M 0.00M -0.05M -0.02M 0.00M -0.09M -0.08M
Net Change in Cash -185.67M 3.22M 34.50M 24.12M -59.27M 48.59M 86.97M 11.25M -4.47M 22.10M 21.99M 8.14M -2.85M 18.00M 1.14M -9.23M 18.86M 34.79M -2.03M 24.59M 2.51M 8.12M 8.80M 4.22M 4.46M 2.71M 0.28M 0.96M -3.40M 0.76M 1.05M
Cash at Beginning of Period 48.95M 47.95M 516.92M 523.92M 538.29M 468.04M 390.04M 328.35M 327.01M 311.53M 288.88M 220.59M 206.65M 185.71M 181.95M 206.13M 184.65M 129.21M 122.55M 67.06M 45.05M 31.03M 35.15M 34.30M 35.25M 40.44M 12.09M 14.63M 18.83M 15.78M 23.89M
Cash at End of Period 289.47M 69.28M 543.32M 511.33M 516.61M 547.61M 442.18M 393.06M 320.40M 320.42M 310.85M 277.19M 219.13M 219.62M 196.21M 187.20M 204.92M 184.36M 118.67M 118.20M 52.34M 46.07M 47.99M 39.02M 38.69M 37.95M 18.10M 12.05M 18.03M 19.07M 22.06M
Operating Cash Flow 237.42M 27.68M 204.49M 172.00M 166.47M 190.71M 120.37M 182.48M 107.68M 131.70M 134.25M 110.70M 74.13M 96.50M 76.48M 64.54M 78.34M 77.17M 75.87M 72.71M 43.57M 39.46M 38.53M 31.02M 37.57M 25.92M 15.48M 19.72M 28.50M 70.49M 30.99M
Capital Expenditure -37.64M -19.02M -130.72M -113.23M -84.82M -76.78M -86.96M -96.11M -77.96M -73.04M -75.40M -81.85M -80.78M -79.85M -62.25M -59.48M -49.54M -45.07M -50.18M -38.62M -24.35M -14.32M -13.39M -14.10M -18.24M -15.98M -11.06M -22.18M -28.55M -25.45M -24.29M
Free Cash Flow 198.40M 11.32M 108.99M 102.70M 70.56M 113.15M 48.70M 88.16M 35.92M 71.66M 38.08M 29.07M 3.70M 33.72M 28.31M 19.90M 49.70M 48.78M 24.14M 43.58M 17.13M 21.35M 21.86M 16.53M 14.52M 13.06M 5.27M 0.27M -2.68M 19.20M 7.08M

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 390.12M 57.12M 291.30M 254.40M 199.08M 176.65M 128.52M 197.55M 163.00M 178.79M 178.40M 149.95M 159.26M 144.03M 150.08M 165.94M 140.81M 113.70M 128.97M 108.63M 64.01M 45.77M 44.44M 47.54M 53.08M 37.43M 32.55M 30.66M 31.53M 31.19M 31.19M
(-) Tax Adjustment 76.57M 11.53M 38.48M 33.96M 45.72M 43.24M 27.27M 48.12M 35.15M 44.52M 44.72M 38.97M 41.00M 42.18M 39.02M 47.22M 34.52M 24.46M 35.44M 37.99M 23.03M 16.00M 16.93M 11.38M 15.93M 18.47M 10.02M 11.05M 9.77M 8.49M 11.65M
(-) Change In Working Capital -65.16M -12.00M -88.65M -46.47M -54.57M -3.38M -30.81M -48.46M -64.00M -31.13M -29.88M -18.18M -77.29M -45.79M -33.54M -39.89M -8.34M -8.44M -13.76M 0.95M 1.29M 1.85M -0.67M 1.60M 0.15M 2.04M -4.78M -4.97M -8.14M -5.71M -4.59M
(-) Capital Expenditure 37.64M 19.02M 130.72M 113.23M 84.82M 76.78M 86.96M 96.11M 77.96M 73.04M 75.40M 81.85M 80.78M 79.85M 62.25M 59.48M 49.54M 45.07M 50.18M 38.62M 24.35M 14.32M 13.39M 14.10M 18.24M 15.98M 11.06M 22.18M 28.55M 25.45M 24.29M
Unlevered Free Cash Flow 341.06M 38.59M 210.75M 153.69M 123.11M 60.01M 45.09M 101.77M 113.88M 92.35M 88.16M 47.31M 114.76M 67.79M 82.36M 99.13M 65.08M 52.61M 57.11M 31.08M 15.34M 13.59M 14.80M 20.46M 18.76M 0.96M 16.26M 2.41M 1.35M 2.97M -0.16M
(-) Net Interest Income After Taxes -52.69M -5.95M -33.18M -28.01M -17.61M -19.27M -22.36M -18.01M -19.36M -15.44M -17.22M -15.03M -17.88M -13.26M -14.86M -10.20M -10.89M -9.54M -7.19M -3.53M -2.97M -1.70M -1.90M -2.46M -2.44M -1.10M -1.03M -0.40M -0.31M -0.24M -0.22M
Net Debt Issuance -214.13M -4.15M 9.96M -0.45M 5.29M -22.54M 34.67M 14.23M 30.88M -8.64M 18.69M 20.20M 12.52M 6.93M 3.39M 15.43M 0.94M 7.52M 17.13M 8.12M 4.92M 1.99M 0.03M -1.96M -6.55M -1.58M 0.12M 1.02M 14.84M 6.05M 3.91M
Levered Free Cash Flow 179.62M 40.39M 253.90M 181.24M 146.01M 56.74M 102.12M 134.01M 164.12M 99.15M 124.08M 82.54M 145.16M 87.98M 100.61M 124.76M 76.91M 69.67M 81.42M 42.72M 23.23M 17.28M 16.73M 20.96M 14.65M 0.48M 17.40M 3.83M 16.50M 9.26M 3.98M