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Definitive Analysis

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Page: Industry Financials

8850.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 6.52 4.87 4.24 4.06 4.66 4.06 4.54 4.11 4.46 4.51 4.33 4.09 3.96 2.65 2.42 2.26 2.27 2.45 4.06 4.28 4.21 3.55 1.68 1.47 1.70 1.10 1.09 2.43 1.98 1.17 1.37
Market Capitalization 1,178.29M 1,080.03M 1,000.13M 1,012.90M 1,224.50M 1,056.08M 1,242.12M 1,256.85M 1,271.10M 1,200.44M 1,167.69M 975.69M 900.57M 827.57M 611.50M 751.94M 572.06M 477.67M 868.75M 757.01M 569.48M 537.75M 372.21M 427.57M 468.73M 412.56M 348.87M 472.34M 574.45M 480.45M 136.08M
(-) Cash & Equivalents 161.84M 239.86M 243.38M 275.87M 339.58M 291.57M 273.59M 277.51M 238.15M 223.75M 182.86M 187.56M 163.29M 118.68M 99.86M 88.05M 62.01M 58.97M 55.62M 45.62M 54.55M 43.76M 35.98M 30.19M 25.45M 25.68M 14.57M 11.35M 35.44M 27.18M 8.65M
(+) Total Debt 1,158.44M 1,617.57M 1,656.07M 1,583.36M 1,606.35M 1,429.86M 1,325.95M 1,193.86M 1,047.71M 962.69M 901.74M 745.38M 662.50M 492.94M 339.99M 281.18M 287.99M 271.27M 297.45M 211.14M 200.67M 152.91M 128.80M 111.91M 176.19M 173.36M 53.25M 66.02M 71.28M 47.22M 49.04M
Enterprise Value 2,282,333,670.61 2,367,742,486.27 2,389,492,012.49 2,271,957,417.04 2,439,910,520.19 2,216,429,593.66 2,228,521,887.36 2,135,525,629.91 2,117,625,897.87 1,905,615,911.19 2,039,947,968.90 1,848,454,578.85 1,462,338,714.09 1,271,593,366.50 987,574,472.58 998,244,503.84 860,145,363.76 764,850,849.64 1,104,465,121.59 990,037,820.28 685,620,388.58 617,071,481.62 509,318,046.53 553,018,166.17 733,647,909.03 606,850,814.59 504,958,199.56 503,961,288.05 562,493,094.08 437,083,325.79 200,545,727.31

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 636.55M 641.25M 617.92M 575.89M 524.26M 490.30M 548.49M 502.19M 492.75M 457.09M 361.12M 348.97M 307.57M 249.29M 205.70M 204.52M 181.63M 185.03M 187.35M 153.47M 143.06M 149.56M 146.91M 143.69M 160.00M 139.13M 91.53M 123.90M 260.90M 155.60M 86.11M
Cost of Revenue 326.50M 382.61M 390.28M 374.73M 337.51M 308.81M 330.47M 307.59M 299.84M 276.67M 212.60M 218.30M 165.69M 136.48M 110.41M 111.87M 105.53M 104.98M 97.18M 90.99M 90.91M 95.85M 75.53M 77.89M 104.58M 75.69M 27.94M 19.91M 26.43M 24.26M 17.51M
Gross Profit 310.05M 258.64M 227.64M 201.16M 186.75M 181.49M 218.03M 194.60M 192.91M 180.43M 148.52M 130.66M 141.88M 112.82M 95.30M 92.65M 76.10M 80.05M 90.17M 62.48M 52.15M 53.71M 71.38M 65.80M 55.41M 63.44M 63.60M 104.00M 234.47M 131.34M 68.60M
Gross Margin 48.7% 40.3% 36.8% 34.9% 35.6% 37.0% 39.7% 38.8% 39.1% 39.5% 41.1% 37.4% 46.1% 45.3% 46.3% 45.3% 41.9% 43.3% 48.1% 40.7% 36.5% 35.9% 48.6% 45.8% 34.6% 45.6% 69.5% 83.9% 89.9% 84.4% 79.7%
R&D Expenses 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
SG&A Expenses 52.64M 47.97M 44.41M 45.78M 47.23M 44.28M 45.66M 39.12M 36.23M 37.95M 36.18M 31.63M 24.14M 18.94M 14.51M 12.57M 12.67M 14.45M 13.71M 12.36M 11.98M 14.39M 12.24M 12.75M 11.68M 8.10M 4.58M 1.84M 5.29M 2.60M 6.06M
Operating Expenses 52.64M 47.97M 44.41M 45.78M 47.23M 44.28M 45.66M 39.12M 36.23M 37.95M 36.18M 31.63M 24.14M 18.94M 14.51M 12.57M 12.67M 14.45M 13.71M 12.36M 11.98M 14.39M 12.24M 12.75M 11.68M 8.10M 4.58M 1.84M 5.29M 2.60M 6.06M
Operating Income 257.41M 210.67M 183.22M 155.38M 139.52M 137.21M 172.37M 155.48M 156.68M 142.48M 112.34M 99.03M 117.74M 93.87M 80.78M 80.08M 63.44M 65.60M 76.46M 50.12M 40.17M 39.32M 59.14M 53.05M 43.73M 55.34M 59.01M 102.16M 229.18M 128.74M 62.54M
Operating Margin 40.4% 32.9% 29.7% 27.0% 26.6% 28.0% 31.4% 31.0% 31.8% 31.2% 31.1% 28.4% 38.3% 37.7% 39.3% 39.2% 34.9% 35.5% 40.8% 32.7% 28.1% 26.3% 40.3% 36.9% 27.3% 39.8% 64.5% 82.5% 87.8% 82.7% 72.6%
Interest Income 4.50M 9.12M 8.68M 5.23M 4.81M 5.83M 6.32M 4.88M 3.97M 4.29M 4.30M 5.60M 3.26M 2.56M 1.16M 0.65M 0.51M 1.20M 0.77M 0.33M 0.23M 0.16M 0.07M 0.11M 0.18M 0.07M 0.00M 0.00M 0.06M 0.00M 0.31M
Interest Expense 31.32M 52.89M 45.35M 36.42M 35.79M 33.06M 35.95M 29.56M 27.16M 26.57M 25.62M 21.36M 15.39M 14.78M 9.58M 8.64M 8.41M 10.31M 7.28M 5.94M 6.13M 7.54M 5.38M 15.26M 10.37M 7.55M 4.23M 13.83M 16.50M 5.07M 0.96M
Net Interest Income -26.82M -43.76M -36.67M -31.18M -30.98M -27.23M -29.63M -24.69M -23.19M -22.28M -21.32M -15.76M -12.13M -12.22M -8.43M -7.98M -7.90M -9.11M -6.50M -5.62M -5.90M -7.38M -5.31M -15.15M -10.19M -7.48M -4.23M -13.83M -16.44M -5.07M -0.65M
Other Income / Expense -116.54M -96.42M -93.94M -4.64M 24.76M -29.69M 25.64M 41.96M 0.33M 5.82M 18.23M 28.80M -7.86M 0.22M -10.80M 5.77M -19.15M -17.08M 17.09M 6.36M 8.63M -7.40M -37.06M -22.72M -12.78M -28.13M -48.61M -74.01M -190.17M -117.29M -46.27M
Pre-Tax Income 114.06M 70.49M 52.62M 119.55M 133.30M 80.30M 168.38M 172.75M 133.82M 126.02M 109.25M 112.07M 97.75M 81.88M 61.56M 77.86M 36.39M 39.41M 87.05M 50.86M 42.90M 24.54M 16.77M 15.18M 20.76M 19.74M 6.17M 14.33M 22.58M 6.38M 15.62M
Pre-Tax Margin 17.9% 11.0% 8.5% 20.8% 25.4% 16.4% 30.7% 34.4% 27.2% 27.6% 30.3% 32.1% 31.8% 32.8% 29.9% 38.1% 20.0% 21.3% 46.5% 33.1% 30.0% 16.4% 11.4% 10.6% 13.0% 14.2% 6.7% 11.6% 8.7% 4.1% 18.1%
Income Tax Expense 29.86M 31.00M 19.32M 26.11M 27.94M 25.14M 33.04M 31.09M 27.35M 30.33M 23.28M 23.89M 17.83M 11.83M 12.23M 12.59M 4.32M 7.55M 15.72M 9.13M 8.67M 3.82M 3.59M 3.75M 5.01M 3.76M 2.52M 4.57M 4.18M 9.87M 3.07M
Tax Rate 26.2% 35.0% 35.0% 21.8% 21.0% 31.3% 19.6% 18.0% 20.4% 24.1% 21.3% 21.3% 18.2% 14.4% 19.9% 16.2% 11.9% 19.1% 18.1% 17.9% 20.2% 15.6% 21.4% 24.7% 24.2% 19.0% 35.0% 31.9% 18.5% 35.0% 19.6%
Net Income 84.20M 39.49M 33.29M 93.44M 105.36M 55.15M 135.34M 141.66M 106.47M 95.69M 85.97M 88.17M 79.92M 70.05M 49.33M 65.28M 32.06M 31.87M 71.34M 41.74M 34.23M 20.72M 13.17M 11.43M 15.75M 15.98M 3.65M 9.76M 18.40M -3.49M 12.55M
Net Margin 13.2% 6.2% 5.4% 16.2% 20.1% 11.2% 24.7% 28.2% 21.6% 20.9% 23.8% 25.3% 26.0% 28.1% 24.0% 31.9% 17.7% 17.2% 38.1% 27.2% 23.9% 13.9% 9.0% 8.0% 9.8% 11.5% 4.0% 7.9% 7.1% -2.2% 14.6%
EBIT 257.41M 210.67M 183.22M 155.38M 139.52M 137.21M 172.37M 155.48M 156.68M 142.48M 112.34M 99.03M 117.74M 93.87M 80.78M 80.08M 63.44M 65.60M 76.46M 50.12M 40.17M 39.32M 59.14M 53.05M 43.73M 55.34M 59.01M 102.16M 229.18M 128.74M 62.54M
Depreciation & Amortization 20.09M 17.22M 21.28M 37.10M 38.83M 40.02M 40.57M 33.15M 31.46M 26.00M 7.44M 6.78M 6.83M 6.94M 6.14M 5.79M 5.49M 5.36M 4.70M 3.88M 3.66M 4.96M 3.24M 5.59M 2.08M 2.04M 2.06M 9.71M 7.85M 2.24M 1.01M
EBITDA 277.51M 227.90M 204.51M 192.48M 178.35M 177.23M 212.94M 188.63M 188.13M 168.49M 119.78M 105.82M 124.57M 100.81M 86.92M 85.87M 68.92M 70.96M 81.16M 54.00M 43.83M 44.28M 62.38M 58.63M 45.82M 57.38M 61.07M 111.87M 237.03M 130.98M 63.55M
EBITDA Margin 43.6% 35.5% 33.1% 33.4% 34.0% 36.1% 38.8% 37.6% 38.2% 36.9% 33.2% 30.3% 40.5% 40.4% 42.3% 42.0% 37.9% 38.4% 43.3% 35.2% 30.6% 29.6% 42.5% 40.8% 28.6% 41.2% 66.7% 90.3% 90.8% 84.2% 73.8%
NOPAT 190.03M 136.94M 119.10M 121.44M 110.28M 94.24M 138.55M 127.50M 124.66M 108.19M 88.40M 77.92M 96.27M 80.31M 64.73M 67.13M 55.90M 53.04M 62.66M 41.13M 32.05M 33.20M 46.46M 39.94M 33.17M 44.81M 38.36M 69.61M 186.71M 83.68M 50.25M
NOPAT Margin 29.9% 21.4% 19.3% 21.1% 21.0% 19.2% 25.3% 25.4% 25.3% 23.7% 24.5% 22.3% 31.3% 32.2% 31.5% 32.8% 30.8% 28.7% 33.4% 26.8% 22.4% 22.2% 31.6% 27.8% 20.7% 32.2% 41.9% 56.2% 71.6% 53.8% 58.4%
Owner's Earnings 104.29M 56.72M 54.57M 130.54M 144.19M 95.17M 175.91M 174.81M 137.93M 121.70M 93.41M 94.96M 86.75M 76.99M 55.46M 71.07M 37.55M 37.22M 76.03M 45.62M 37.89M 25.67M 16.41M 17.02M 17.83M 18.02M 5.71M 19.47M 26.24M -1.25M 13.56M
Owner's Earnings Margin 16.4% 8.8% 8.8% 22.7% 27.5% 19.4% 32.1% 34.8% 28.0% 26.6% 25.9% 27.2% 28.2% 30.9% 27.0% 34.7% 20.7% 20.1% 40.6% 29.7% 26.5% 17.2% 11.2% 11.8% 11.1% 13.0% 6.2% 15.7% 10.1% -0.8% 15.7%
EPS 0.16 0.06 0.05 0.13 0.12 0.07 0.15 0.15 0.11 0.13 0.13 0.14 0.12 0.12 0.09 0.13 0.07 0.06 0.14 0.08 0.07 0.04 0.03 0.03 0.03 0.04 0.01 0.03 0.05 -0.01 0.06
EPS (Diluted) 0.16 0.06 0.05 0.13 0.12 0.07 0.15 0.15 0.11 0.13 0.13 0.14 0.12 0.12 0.09 0.13 0.07 0.06 0.14 0.08 0.07 0.04 0.03 0.03 0.03 0.04 0.01 0.03 0.05 -0.01 0.06
Shares (Diluted) 522.13M 622.95M 666.25M 740.87M 910.43M 845.44M 904.48M 955.04M 955.33M 756.95M 679.00M 635.57M 661.15M 608.12M 545.42M 509.08M 484.60M 527.28M 517.35M 493.15M 464.90M 474.57M 399.84M 427.25M 499.93M 418.66M 260.38M 328.13M 405.51M 395.14M 215.08M

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 160.12M 239.86M 243.36M 275.87M 339.58M 291.57M 273.59M 277.51M 238.15M 223.75M 182.86M 187.56M 163.29M 119.75M 99.86M 89.72M 62.01M 59.54M 55.62M 45.62M 54.55M 44.45M 39.30M 30.19M 28.43M 26.65M 17.05M 11.84M 37.30M 37.84M 9.34M
Short-Term Investments 71.58M 33.56M 24.04M 35.51M 72.25M 43.08M 44.51M 36.99M 45.46M 36.03M 13.68M 25.58M 31.67M 24.58M 14.62M 18.88M 15.36M 11.63M 30.29M 8.18M 11.18M 11.44M 7.11M 5.61M 21.68M 6.91M 0.18M 0.88M 0.51M 1.14M 0.33M
Cash & Short-Term Investments 231.70M 273.42M 267.40M 311.38M 411.83M 334.65M 318.10M 314.50M 283.61M 259.78M 196.54M 213.14M 194.97M 144.34M 114.48M 108.60M 77.37M 71.16M 85.91M 53.79M 65.72M 55.89M 46.41M 35.80M 50.11M 33.56M 17.23M 12.72M 37.81M 38.98M 9.67M
Net Receivables 72.20M 116.00M 73.76M 92.85M 95.47M 106.75M 75.18M 74.98M 55.22M 52.83M 42.03M 33.53M 43.07M 20.00M 22.17M 20.21M 23.47M 15.05M 22.72M 16.74M 11.88M 11.84M 7.69M 6.97M 8.23M 6.99M 4.82M 5.04M 10.34M 14.07M 9.38M
Inventory 240.85M 412.54M 455.93M 521.04M 556.20M 460.83M 542.73M 501.42M 499.28M 474.85M 437.92M 369.78M 298.37M 213.86M 145.70M 95.77M 92.01M 113.36M 62.89M 57.02M 37.49M 27.05M 21.79M 30.67M 36.93M 23.46M 21.39M 21.91M 24.27M 26.22M 12.98M
Other Current Assets 47.49M 65.51M 85.01M 87.62M 72.47M 105.62M 75.04M 70.54M 81.69M 66.64M 53.93M 47.49M 52.07M 34.08M 28.12M 42.59M 33.24M 42.73M 33.23M 22.15M 19.60M 19.66M 45.00M 52.43M 56.37M 48.87M 17.50M 23.45M 55.98M 39.40M 13.73M
Total Current Assets 592.24M 867.47M 882.10M 1,012.89M 1,135.97M 1,007.84M 1,011.04M 961.44M 919.80M 854.11M 730.42M 663.94M 588.47M 412.28M 310.47M 267.18M 226.09M 242.30M 204.75M 149.70M 134.70M 114.44M 120.89M 125.87M 151.65M 112.88M 60.95M 63.13M 128.40M 118.67M 45.76M
Property, Plant & Equipment 258.35M 255.22M 318.90M 228.16M 245.78M 239.57M 265.47M 229.96M 170.83M 202.57M 205.36M 154.17M 122.11M 133.07M 145.65M 121.82M 103.95M 129.43M 139.36M 123.19M 139.99M 188.26M 266.35M 257.13M 261.30M 156.49M 162.14M 243.26M 238.56M 213.72M 62.86M
Goodwill 3.62M 9.54M 11.61M 10.28M 8.70M 8.71M 7.80M 7.70M 3.48M 3.57M 1.33M 1.31M 1.03M 1.05M 0.18M 0.11M 0.05M 0.06M 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
Intangible Assets 6.25M 7.94M 16.23M 17.40M 21.61M 17.63M 19.16M 17.61M 11.37M 8.13M 8.16M 6.08M 6.87M 7.26M 4.42M 3.86M 5.95M 2.65M 1.82M 1.46M 0.99M 1.47M 1.50M 1.59M 1.94M 0.61M 0.89M 0.10M 0.00M 0.36M 0.27M
Long-Term Investments 44.00M 208.63M 287.45M 328.92M 279.66M 230.57M 239.78M 189.63M 173.14M 118.33M 148.80M 94.49M 49.51M 29.61M 25.88M 20.14M 13.11M 14.37M 5.40M 7.42M 14.25M 9.14M 9.30M 7.89M 9.27M 8.26M 1.18M 6.00M 2.39M 0.29M 0.12M
Tax Assets 5.64M 9.89M 8.67M 26.11M 33.71M 33.38M 23.26M 29.15M 25.52M 16.94M 11.29M 6.26M 6.08M 6.08M 4.54M 4.12M 3.22M 2.34M 3.38M 1.97M 1.60M 1.11M 0.36M 0.25M 0.76M 0.00M 0.29M 1.24M 1.06M 3.97M 2.35M
Other Non-Current Assets 475.95M 1,623.98M 1,196.49M 1,261.53M 1,101.92M 1,004.66M 642.71M 480.87M 311.13M 224.29M 232.87M 319.22M 452.88M 452.33M 346.57M 235.58M 212.71M 162.80M 161.39M 123.85M 145.85M 74.48M 63.07M 86.24M 32.13M 110.30M 65.68M 37.82M 97.01M 109.27M 34.99M
Other Assets 36.66M 0.00M 0.00M 0.01M 0.01M 0.00M 0.01M 8.78M 0.99M 8.00M 8.88M 5.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 830.47M 2,115.20M 1,839.36M 1,872.40M 1,691.38M 1,534.54M 1,198.18M 963.70M 696.46M 581.84M 616.68M 587.41M 638.47M 629.40M 527.24M 385.64M 338.98M 311.66M 311.98M 257.88M 302.68M 274.45M 340.59M 353.10M 305.40M 275.66M 230.18M 288.41M 339.02M 327.61M 100.58M
Total Assets 1,422.71M 2,982.67M 2,721.46M 2,885.29M 2,827.35M 2,542.38M 2,209.22M 1,925.14M 1,616.25M 1,435.95M 1,347.10M 1,251.35M 1,226.94M 1,041.68M 837.70M 652.82M 565.07M 553.96M 516.73M 407.58M 437.38M 388.89M 461.47M 478.97M 457.04M 388.54M 291.12M 351.54M 467.42M 446.28M 146.34M
Accounts Payable 44.52M 73.82M 70.99M 76.87M 87.97M 53.89M 90.95M 79.28M 71.54M 70.20M 60.51M 52.66M 46.66M 32.06M 28.77M 31.92M 32.70M 29.56M 24.20M 21.81M 14.52M 16.56M 14.39M 14.13M 16.15M 13.86M 13.16M 8.28M 6.41M 16.66M 10.41M
Short-Term Debt 280.70M 255.73M 333.67M 317.65M 262.83M 279.56M 263.64M 213.81M 242.44M 203.85M 196.60M 177.66M 162.20M 123.96M 111.78M 91.44M 83.12M 82.74M 73.78M 70.12M 56.80M 52.03M 34.82M 33.03M 52.51M 82.77M 40.29M 41.12M 54.39M 27.97M 2.47M
Tax Payables 2.78M 16.90M 20.27M 23.38M 25.39M 23.65M 18.72M 17.21M 14.20M 13.13M 11.54M 13.62M 7.54M 8.27M 5.48M 6.27M 4.81M 3.76M 3.95M 3.59M 2.39M 1.24M 1.81M 1.36M 3.43M 1.06M 0.63M 0.58M 0.58M 1.37M 0.37M
Deferred Revenue 0.00M 0.00M 16.02M 48.99M 58.13M 56.52M 61.84M 31.48M 42.13M 42.97M 22.70M 23.31M 24.36M 20.47M 9.28M 8.22M 10.49M 10.47M 5.16M 6.16M 4.22M 2.20M 2.54M 2.89M 3.82M 3.42M 4.32M 1.68M 4.02M 35.82M 5.06M
Other Current Liabilities 89.31M 144.95M 154.48M 108.05M 109.49M 184.95M 167.36M 205.97M 154.64M 133.10M 124.00M 119.67M 106.44M 77.45M 47.31M 35.73M 33.86M 41.94M 42.69M 34.32M 45.61M 34.07M 27.74M 42.32M 30.22M 27.77M 22.06M 28.94M 54.69M 43.31M 6.96M
Total Current Liabilities 417.31M 491.40M 595.43M 574.94M 543.82M 598.58M 602.51M 547.75M 524.95M 463.26M 415.35M 386.93M 347.20M 262.22M 202.62M 173.58M 164.98M 168.46M 149.78M 136.00M 123.54M 106.10M 81.31M 93.72M 106.13M 128.89M 80.46M 80.59M 120.08M 125.13M 25.27M
Long-Term Debt 700.84M 1,181.45M 1,109.61M 1,223.43M 1,216.03M 1,025.31M 920.46M 916.24M 766.16M 705.13M 765.99M 549.23M 465.45M 357.48M 238.85M 198.62M 171.37M 165.90M 186.90M 116.95M 113.81M 79.06M 90.23M 60.47M 124.44M 88.39M 25.12M 7.93M 19.09M 17.89M 34.84M
Capital Lease Obligations 3.63M 23.58M 25.69M 21.93M 23.48M 24.16M 10.66M 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 0.00M 0.00M 0.00M
Deferred Tax Liabilities 95.33M 101.82M 97.22M 112.57M 108.91M 94.63M 87.11M 76.66M 71.17M 69.64M 53.31M 45.97M 28.86M 27.95M 27.45M 24.58M 23.52M 21.05M 27.01M 10.95M 10.76M 4.33M 3.66M 2.36M 1.85M 0.73M 0.81M 0.09M 0.03M 0.00M 0.00M
Other Non-Current Liabilities 39.97M 32.27M 71.79M 56.80M 37.50M 72.41M 50.97M 79.87M 63.40M 70.85M 58.84M 47.27M 78.89M 16.51M 9.30M 10.01M 10.60M 9.27M 9.07M 6.23M 17.43M 26.25M 70.91M 46.12M 69.36M 12.29M 5.62M 32.49M 28.05M 13.12M 3.59M
Total Non-Current Liabilities 839.77M 1,339.12M 1,304.31M 1,414.73M 1,385.92M 1,216.51M 1,069.20M 1,072.77M 900.73M 845.64M 878.15M 642.46M 573.20M 401.94M 275.60M 233.21M 205.50M 196.23M 222.98M 134.13M 142.00M 109.64M 164.80M 108.95M 195.64M 101.41M 31.54M 40.50M 47.18M 31.02M 38.44M
Total Liabilities 1,257.08M 1,830.52M 1,899.73M 1,989.67M 1,929.74M 1,815.08M 1,671.71M 1,620.52M 1,425.68M 1,308.90M 1,293.50M 1,029.39M 920.40M 664.16M 478.22M 406.80M 370.47M 364.69M 372.76M 270.13M 265.53M 215.73M 246.10M 202.67M 301.77M 230.30M 112.00M 121.09M 167.26M 156.15M 63.71M
Preferred Stock 0.00M 0.00M 0.00M 6.61M 10.12M 23.40M 18.04M 21.88M 35.50M 3.93M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 119.76M 177.25M 151.01M 140.62M 180.48M 184.81M 176.95M 154.33M 185.56M 181.65M 176.53M 149.52M 131.17M 129.14M 108.77M 98.38M 93.51M 70.23M 55.94M 44.01M 61.30M 62.80M 42.68M 45.60M 41.52M 22.74M 16.53M 16.73M 26.58M 22.53M 12.15M
Retained Earnings 391.23M 775.12M 781.94M 799.60M 832.36M 768.46M 742.51M 707.40M 620.55M 569.11M 513.49M 455.60M 388.89M 183.23M 128.76M 100.90M 55.98M 84.28M 79.85M 33.46M 32.56M 11.21M 12.06M 7.84M 1.48M -1.15M 0.22M 11.07M 109.42M 90.18M 6.43M
Accumulated OCI 8.67M 38.41M 35.45M 87.99M 63.38M 71.83M 54.50M 157.21M 194.08M 132.98M 63.62M 35.21M 23.51M -3.56M -1.46M -1.69M -0.89M -0.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.22M -0.54M 1.70M 1.89M 2.30M
Minority Interest 99.75M 144.33M 244.11M 342.46M 187.34M 163.76M 166.84M 176.94M 132.87M 120.56M 71.29M 44.96M 35.93M 26.48M 15.15M 14.16M 12.36M 10.66M 9.58M 5.97M 6.72M 14.02M 23.61M 12.09M 12.04M 9.31M 44.75M 25.28M 21.72M 57.35M 1.99M
Total Shareholders’ Equity 519.67M 990.78M 968.40M 1,034.83M 1,086.34M 1,048.51M 992.00M 1,040.82M 1,035.69M 887.67M 753.64M 640.32M 543.57M 308.81M 236.07M 197.58M 148.61M 154.36M 135.79M 77.48M 93.86M 74.01M 54.74M 53.44M 42.99M 21.60M 16.97M 27.25M 137.70M 114.60M 20.88M
Total Equity 619.41M 1,135.11M 1,212.51M 1,377.29M 1,273.68M 1,212.26M 1,158.84M 1,217.77M 1,168.56M 1,008.23M 824.93M 685.28M 579.51M 335.29M 251.21M 211.74M 160.96M 165.02M 145.37M 83.45M 100.58M 88.03M 78.34M 65.53M 55.03M 30.91M 61.71M 52.53M 159.42M 171.95M 22.87M
Total Liabilities & Equity 1,876.50M 2,965.64M 3,112.24M 3,366.96M 3,203.42M 3,027.34M 2,830.54M 2,838.29M 2,594.24M 2,317.13M 2,118.43M 1,714.67M 1,499.91M 999.45M 729.43M 618.54M 531.44M 529.70M 518.13M 353.57M 366.11M 303.76M 324.44M 268.20M 356.80M 261.21M 173.72M 173.62M 326.68M 328.10M 86.58M
Tangible Assets 1,412.84M 2,965.19M 2,693.62M 2,857.60M 2,797.04M 2,516.03M 2,182.26M 1,899.83M 1,601.40M 1,424.24M 1,337.62M 1,243.97M 1,219.04M 1,033.37M 833.10M 648.84M 559.07M 551.24M 514.28M 406.12M 436.39M 387.43M 459.97M 477.39M 455.11M 387.93M 290.24M 351.44M 467.42M 445.91M 146.07M
Tangible Equity 609.55M 1,117.63M 1,184.66M 1,349.61M 1,243.37M 1,185.92M 1,131.87M 1,192.46M 1,153.71M 996.53M 815.44M 677.90M 571.61M 326.98M 246.61M 207.77M 154.96M 162.30M 142.92M 81.99M 99.58M 86.56M 76.84M 63.95M 53.09M 30.30M 60.83M 52.43M 159.42M 171.59M 22.60M
Tangible Book Value 609,545,543.67 1,117,633,006.33 1,184,664,241.52 1,349,606,032.33 1,243,367,914.96 1,185,915,741.98 1,131,872,808.28 1,192,462,675.33 1,153,711,111.09 996,525,942.70 815,441,124.77 677,895,172.15 571,610,008.33 326,977,093.92 246,613,630.60 207,766,423.02 154,964,863.95 162,302,752.77 142,919,217.06 81,987,879.88 99,584,055.12 86,561,954.50 76,838,633.21 63,946,450.96 53,092,900.15 30,296,541.46 60,827,317.28 52,430,938.20 159,421,208.73 171,586,444.25 22,596,691.14
Total Investments 120.58M 261.47M 345.85M 351.78M 362.33M 289.50M 258.12M 236.83M 253.64M 205.67M 198.75M 182.71M 101.03M 101.40M 64.57M 72.34M 67.00M 53.53M 35.85M 26.10M 42.71M 34.91M 64.87M 64.65M 65.96M 70.07M 18.44M 79.77M 22.05M 46.78M 1.10M
Net Debt 821.41M 1,197.32M 1,199.92M 1,265.21M 1,139.29M 1,013.30M 910.51M 852.54M 770.45M 685.22M 779.73M 539.34M 464.36M 361.68M 250.77M 200.34M 192.47M 189.11M 205.06M 141.45M 116.05M 86.63M 85.75M 63.31M 148.53M 144.51M 48.36M 37.20M 36.18M 8.03M 27.97M

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 166.18M 160.59M 191.14M 225.97M 329.69M 283.85M 330.85M 351.08M 320.43M 314.91M 298.16M 298.23M 303.94M 187.29M 173.24M 163.66M 145.64M 115.14M 109.53M 31.55M 5.60M 2.60M 28.12M 13.27M 186.25M 5.24M 23.72M -25.82M 44.81M 74.70M 91.08M
Total Capital 2,263.93M 3,104.83M 3,109.55M 3,150.36M 3,218.83M 2,962.96M 2,825.59M 2,603.94M 2,426.84M 2,233.22M 1,997.53M 1,730.33M 1,538.18M 1,266.53M 959.04M 854.37M 767.14M 694.09M 722.83M 508.05M 462.97M 441.01M 485.26M 464.48M 623.29M 489.67M 389.43M 643.56M 634.41M 532.95M 165.92M
Capital Employed 2,686.94M 3,506.36M 3,644.31M 3,699.99M 3,633.64M 3,434.09M 3,134.29M 2,828.58M 2,593.58M 2,384.83M 2,219.92M 1,917.66M 1,662.32M 1,332.17M 1,158.05M 1,073.16M 967.57M 830.05M 740.21M 523.34M 528.26M 527.83M 591.10M 597.51M 859.61M 689.91M 792.52M 990.97M 733.25M 563.01M 265.56M
Invested Capital 2,103.81M 2,864.97M 2,866.18M 2,874.49M 2,879.26M 2,671.39M 2,552.01M 2,326.43M 2,188.68M 2,009.47M 1,814.67M 1,542.77M 1,374.89M 1,146.77M 859.18M 764.65M 705.13M 634.55M 667.21M 462.43M 408.42M 396.56M 445.96M 434.28M 594.86M 463.02M 372.38M 631.72M 597.11M 495.11M 156.58M

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 7.40M 19.65M 21.08M 18.61M 20.92M 17.57M 16.55M 10.63M 8.69M 9.08M 8.38M 8.24M 7.32M 7.11M 6.01M 5.30M 5.36M 4.30M 4.32M 3.38M 3.70M 5.52M 3.12M 1.83M 1.30M 1.15M 1.55M 2.31M 8.25M 2.58M 2.68M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.35M 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 0.00M 0.00M
Stock-Based Compensation 0.00M 0.12M 0.03M 0.10M 0.05M 0.05M 0.07M 0.06M 0.17M 0.03M 0.12M 0.09M 0.17M 0.06M 0.00M 0.04M 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
Change in Working Capital -6.54M 26.43M 18.82M -11.28M -11.32M -10.44M -16.10M 0.88M 2.01M 8.32M 1.86M -23.24M -19.16M -13.46M -9.23M -12.03M 2.86M -17.56M -20.85M -6.93M -1.13M 2.56M -1.14M -0.94M 1.86M -2.33M -0.48M -1.40M -1.10M 0.30M -5.26M
Accounts Receivable -3.09M -1.31M -3.19M -2.01M -4.17M -4.60M -0.31M -3.60M -6.40M 0.44M -4.63M -1.19M -4.14M 0.12M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -4.14M 0.82M 5.35M -4.30M -4.24M -0.01M -16.24M -2.50M 8.60M 3.78M -13.58M -12.89M -16.36M -7.68M -4.38M -2.67M 5.27M -6.51M -2.95M -4.15M -1.10M -0.48M -0.32M -0.08M -0.24M 0.21M 0.18M -1.18M 0.85M 0.00M -0.20M
Accounts Payable 0.00M 1.53M 7.45M 2.21M 2.48M -0.30M 1.65M 3.11M 2.27M 1.72M 0.82M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 1.76M 3.38M 5.19M 2.63M -4.79M -0.02M -1.85M 4.22M -1.01M 11.26M 15.24M -2.76M -0.45M -1.10M -0.81M -3.28M -3.81M -1.05M -0.14M 2.27M 1.57M 0.26M 0.46M -0.10M 1.78M -0.36M -0.47M 0.35M -2.62M 0.00M -3.32M
Other Non-Cash Items -21.00M 20.25M 29.02M -3.27M -34.06M 4.33M -27.32M -18.97M -18.14M -31.17M -28.78M -31.32M -18.64M -11.39M -15.61M -16.63M 8.69M 7.14M -20.61M -15.93M -7.55M 3.18M 4.93M 16.71M 25.80M 1.04M 3.93M 1.99M 2.17M 11.63M 13.71M
Net Cash from Operating Activities 95.60M 129.51M 115.20M 94.98M 86.94M 66.99M 89.23M 105.64M 106.05M 90.75M 58.50M 35.27M 36.49M 45.58M 20.82M 12.83M 29.61M 12.68M 8.77M 19.69M 21.09M 33.12M 26.54M 23.95M 26.19M 13.73M 11.02M 5.85M 125.18M 44.44M 28.93M
Capital Expenditures (PPE) -4.41M -9.98M -12.76M -22.65M -24.13M -25.07M -36.98M -35.63M -26.48M -23.96M -18.19M -18.79M -20.77M -22.08M -19.41M -19.13M -16.97M -27.46M -16.13M -15.53M -14.14M -12.72M -10.41M -17.16M -18.91M -12.46M -11.25M -31.30M -17.17M -19.76M -3.29M
Acquisitions (Net) 0.09M 0.15M 0.91M -0.36M -7.27M -4.18M -3.42M -3.47M -2.50M 2.58M 1.02M -0.03M -1.91M -0.70M -2.39M -0.40M 0.16M -0.14M -0.77M -1.16M 0.30M 1.66M 0.48M 0.02M 0.96M 0.29M 0.04M -0.09M 2.88M 0.10M -0.45M
Purchases of Investments -7.65M -15.26M -20.98M -50.01M -56.20M -56.18M -45.59M -57.93M -53.67M -24.20M -28.40M -13.48M -9.56M -7.94M -5.10M -5.61M -7.13M -5.74M -6.63M -2.72M -5.21M -3.22M -3.76M -4.04M -3.67M -2.10M -0.98M -5.04M -0.42M -2.13M -32.42M
Sales / Maturities of Investments 5.29M 13.22M 19.31M 39.14M 43.05M 30.89M 32.65M 49.86M 26.03M 20.89M 10.58M 4.10M 7.75M 4.48M 10.54M 5.17M 3.20M 2.91M 2.65M 2.30M 2.21M 2.56M 1.69M 6.33M 2.38M 2.79M 2.46M 2.64M 0.67M 1.03M 2.44M
Other Investing Activities -15.19M -15.13M -18.17M -9.34M -2.20M -7.11M 0.29M -19.09M 3.79M -2.65M -4.52M -5.49M -4.97M -2.05M 5.78M 3.37M 3.55M 3.76M 2.26M 4.91M 9.16M -0.36M 4.02M 4.18M -0.73M 13.02M 2.37M 5.00M 4.87M 50.64M -5.41M
Net Cash from Investing Activities -48.63M -45.56M -65.38M -82.18M -67.63M -87.03M -96.69M -111.48M -103.24M -42.15M -90.21M -100.30M -50.55M -52.11M -22.47M -23.99M -24.08M -39.02M -27.44M -29.02M -18.28M -12.57M -24.53M -23.74M -25.54M -6.28M -4.61M -29.14M -10.39M 1.59M -40.00M
Net Debt Issuance 7.08M 10.65M 22.24M 26.59M 40.13M 60.42M 63.90M 94.25M 51.08M 32.85M 37.22M 38.66M 53.41M 16.28M 14.52M 14.59M 11.35M 44.10M 34.01M 16.94M 3.49M 1.13M 4.70M -2.49M 4.62M 3.04M 20.00M 1.24M -6.00M 0.82M -10.08M
Long-Term Debt Issuance 7.16M 29.74M 23.88M 36.87M 44.85M 65.23M 65.60M 90.58M 60.81M 33.91M 46.26M 37.49M 56.38M 21.40M 12.00M 24.03M 9.12M 47.37M 25.81M 13.93M 3.43M 0.53M 3.56M -6.80M 3.70M 3.04M -1.48M 2.67M -6.00M 0.82M -10.08M
Short-Term Debt Issuance 2.16M 0.42M 0.68M -0.17M -1.48M 0.63M -2.50M 0.05M -0.72M 0.00M -0.05M 0.00M -0.06M 0.00M 0.00M -0.28M -0.22M 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
Net Stock Issuance 0.00M -0.05M -0.08M -1.00M -0.21M -0.97M -0.17M -0.02M 0.00M 0.00M 0.29M 0.11M 0.54M 0.27M 0.22M 0.27M 0.13M 0.18M 2.53M 2.94M 0.02M 0.64M 0.00M 0.00M 0.04M 0.00M 0.01M 0.02M 0.09M 0.02M 0.25M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 4.21M 0.03M 0.00M 0.05M 0.49M 0.02M 2.75M 0.41M 1.63M 0.52M 1.03M 2.37M 0.33M 0.74M 2.60M 3.10M 0.54M 1.08M 0.01M 0.18M 0.04M 0.34M 0.01M 0.03M 0.10M 0.02M 0.25M
Common Stock Repurchased 0.00M -0.03M -0.08M -1.01M -0.28M -1.43M -0.31M -0.13M 0.00M 0.00M 0.00M -0.07M 0.00M 0.00M -0.07M 0.00M -0.01M -0.04M 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
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 -10.80M -26.70M -26.96M -27.11M -31.09M -30.59M -35.73M -33.08M -30.37M -26.29M -21.03M -18.67M -18.60M -11.01M -10.36M -8.10M -6.03M -7.43M -6.22M -5.19M -5.35M -5.72M -5.43M -5.85M -5.03M -6.00M -4.38M -4.92M -21.28M -13.55M -1.95M
Common Dividends Paid -9.42M -26.22M -26.90M -27.25M -30.91M -31.28M -35.28M -32.17M -30.39M -25.89M -22.91M -17.65M -18.63M -12.41M -10.15M -8.64M -7.31M -11.59M -7.70M -5.87M -5.93M -6.35M -5.98M -6.33M -6.01M -6.25M -4.91M -4.92M -21.28M -13.55M -1.95M
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 -15.95M -36.33M -19.13M -11.79M -0.40M -10.62M -10.04M -16.51M -13.13M -11.88M -12.36M -3.86M 1.17M -8.92M -3.11M -3.69M -2.56M -1.00M 1.90M -1.84M -2.28M 1.05M 2.80M -4.82M 2.22M 2.85M 4.08M 14.62M -0.18M -0.01M -3.65M
Net Cash from Financing Activities -64.77M -56.42M -41.44M -45.22M 28.31M 48.15M 12.65M 41.27M 18.65M 2.19M 24.38M 43.18M 52.22M 12.18M 20.29M 16.54M 8.33M 29.73M 44.68M 21.86M -1.14M -4.83M -4.14M -14.69M 8.61M -1.37M 1.49M 10.80M -14.65M -16.36M -4.77M
Effect of FX on Cash 0.04M -0.12M 0.01M 0.27M 0.40M -0.03M -0.18M 0.01M -0.11M -0.14M 0.01M -0.05M 0.68M 0.01M 0.04M 0.04M 0.01M 0.02M 0.01M 0.01M 0.00M 0.00M 0.00M -0.01M 0.01M -0.24M -0.06M 0.00M -1.30M -17.21M -3.14M
Net Change in Cash -1.07M 5.80M -10.40M -58.52M 32.79M 40.31M 9.68M 9.95M 31.10M 9.10M 1.88M 11.89M 37.19M 9.29M 4.78M 8.36M 5.99M 0.00M 19.18M 5.55M 9.65M 13.46M 2.60M -0.99M -1.63M 0.55M 8.24M -9.55M -5.21M 30.55M -16.00M
Cash at Beginning of Period 170.27M 230.28M 258.42M 322.90M 279.21M 251.74M 278.47M 239.00M 213.88M 184.43M 152.16M 160.66M 115.06M 107.69M 94.05M 72.64M 65.47M 55.22M 44.74M 41.10M 40.71M 43.08M 44.69M 32.74M 48.07M 41.66M 40.63M 49.50M 176.96M 40.48M 15.62M
Cash at End of Period 122.13M 234.54M 234.31M 278.79M 336.26M 284.02M 248.78M 280.15M 232.82M 212.47M 176.32M 173.88M 160.14M 112.79M 105.30M 95.39M 71.79M 65.12M 62.88M 51.90M 57.32M 68.08M 63.19M 43.79M 44.83M 47.34M 24.74M 42.53M 100.59M 76.63M 0.95M
Operating Cash Flow 95.69M 128.16M 113.89M 86.88M 82.04M 67.30M 89.23M 105.64M 106.05M 90.75M 58.50M 35.27M 36.49M 46.96M 20.79M 12.83M 29.61M 12.68M 8.77M 19.69M 21.14M 33.12M 26.54M 23.95M 26.19M 13.73M 11.02M 5.85M 125.18M 44.44M 28.93M
Capital Expenditure -7.08M -18.25M -17.64M -22.67M -25.63M -25.89M -37.66M -35.63M -26.47M -23.98M -18.67M -18.79M -21.98M -22.06M -19.50M -19.22M -17.02M -27.63M -17.28M -15.53M -14.04M -12.72M -10.41M -17.16M -19.06M -12.92M -11.25M -31.30M -17.19M -19.82M -3.40M
Free Cash Flow 75.74M 80.80M 68.57M 42.45M 27.44M 32.10M 41.44M 48.38M 52.84M 33.70M 20.06M -11.03M -1.86M 6.75M -12.09M -13.51M -0.45M -33.87M -32.48M -11.35M 1.07M 8.11M 9.83M 4.68M 1.01M -3.44M 3.06M -16.85M 34.76M 26.90M 26.13M

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 154.76M 141.49M 104.09M 170.43M 173.49M 142.55M 220.40M 170.04M 155.82M 126.38M 114.71M 120.63M 115.15M 91.25M 70.52M 80.94M 59.67M 50.69M 64.72M 53.76M 39.93M 29.20M 34.87M 38.40M 28.56M 26.63M 8.06M 50.45M 69.47M 51.55M 18.02M
(-) Tax Adjustment 40.51M 62.22M 38.23M 37.23M 36.36M 44.64M 43.24M 30.60M 31.84M 30.41M 24.44M 25.72M 21.00M 13.18M 14.01M 13.09M 7.09M 9.71M 11.68M 9.64M 8.07M 4.55M 7.48M 9.48M 6.90M 5.07M 3.30M 16.07M 12.88M 79.77M 3.54M
(-) Change In Working Capital -6.54M 26.43M 18.82M -11.28M -11.32M -10.44M -16.10M 0.88M 2.01M 8.32M 1.86M -23.24M -19.16M -13.46M -9.23M -12.03M 2.86M -17.56M -20.85M -6.93M -1.13M 2.56M -1.14M -0.94M 1.86M -2.33M -0.48M -1.40M -1.10M 0.30M -5.26M
(-) Capital Expenditure 7.08M 18.25M 17.64M 22.67M 25.63M 25.89M 37.66M 35.63M 26.47M 23.98M 18.67M 18.79M 21.98M 22.06M 19.50M 19.22M 17.02M 27.63M 17.28M 15.53M 14.04M 12.72M 10.41M 17.16M 19.06M 12.92M 11.25M 31.30M 17.19M 19.82M 3.40M
Unlevered Free Cash Flow 113.71M 34.58M 29.41M 121.82M 122.81M 82.46M 155.59M 102.93M 95.49M 63.67M 69.74M 99.36M 91.33M 69.47M 46.24M 60.66M 32.70M 30.92M 56.60M 35.51M 18.95M 9.37M 18.13M 12.69M 0.75M 10.97M -6.00M 4.47M 40.52M -48.34M 16.34M
(-) Net Interest Income After Taxes -19.80M -24.52M -23.20M -24.37M -24.49M -18.70M -23.81M -20.24M -18.45M -16.92M -16.78M -12.40M -9.91M -10.46M -6.75M -6.69M -6.96M -7.37M -5.33M -4.61M -4.71M -6.23M -4.17M -11.41M -7.73M -6.05M -2.50M -9.42M -13.39M 2.78M -0.52M
Net Debt Issuance 7.08M 10.65M 22.24M 26.59M 40.13M 60.42M 63.90M 94.25M 51.08M 32.85M 37.22M 38.66M 53.41M 16.28M 14.52M 14.59M 11.35M 44.10M 34.01M 16.94M 3.49M 1.13M 4.70M -2.49M 4.62M 3.04M 20.00M 1.24M -6.00M 0.82M -10.08M
Levered Free Cash Flow 140.58M 69.75M 74.84M 172.78M 187.43M 161.58M 243.30M 217.42M 165.02M 113.44M 123.75M 150.42M 154.65M 96.20M 67.51M 81.94M 51.01M 82.39M 95.94M 57.06M 27.15M 16.73M 27.00M 21.61M 13.10M 20.06M 16.50M 15.13M 47.91M -50.29M 6.78M