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: Company Financials

Empire State Realty OP, L.P.

Ticker: ESBA | Industry: REIT - Office | Sector: Real Estate
$6.01 -0.24 (-3.84%)
As of: 2026-01-15

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Stock Price 7.66 8.09 7.86 10.08 7.93 7.54 10.52 7.85 14.78 16.13 20.62 19.42 17.74 16.05 13.65 13.10 13.10
Market Capitalization 1,296.46M 1,362.10M 1,321.97M 1,656.48M 1,279.13M 1,256.85M 1,809.75M 1,379.56M 2,626.15M 2,687.52M 3,260.51M 2,601.19M 2,025.47M 1,574.17M 1,265.66M 1,200.68M 1,200.68M
(-) Cash & Equivalents 0.00M 136.73M 108.18M 419.12M 322.16M 360.21M 528.40M 695.44M 286.48M 344.25M 467.46M 307.14M 40.94M 46.29M 88.11M 74.75M 53.06M
(+) Total Debt 0.00M 2,085.75M 1,390.57M 2,431.84M 2,271.13M 2,306.65M 2,208.43M 2,309.65M 1,823.46M 1,918.60M 1,613.58M 1,627.46M 1,625.90M 1,407.31M 1,094.90M 972.34M 469.26M
Enterprise Value 1,296.46M 3,311.12M 2,604.36M 3,669.21M 3,228.10M 3,203.30M 3,489.78M 2,993.77M 4,163.14M 4,261.87M 4,406.62M 3,921.50M 3,610.43M 2,935.20M 2,272.45M 2,098.27M 1,616.88M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31
Revenue 766M 763M 763M 740M 707M 608M 609M 731M 732M 712M 678M 658M 635M 312M 260M 295M 247M 232M 269M
Cost of Revenue 303M 349M 354M 339M 321M 279M 291M 334M 319M 306M 289M 297M 306M 145M 106M 86M 88M 88M 80M
Gross Profit 463M 414M 409M 401M 386M 328M 318M 397M 412M 407M 389M 361M 329M 166M 155M 209M 159M 145M 189M
Gross Profit Margin 60.5% 54.3% 53.6% 54.2% 54.5% 54.0% 52.2% 54.3% 56.3% 57.1% 57.4% 54.9% 51.8% 53.4% 59.4% 70.7% 64.3% 62.2% 70.2%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 72M 69M 70M 64M 62M 56M 62M 61M 53M 50M 49M 38M 39M 43M 23M 19M 15M 33M 74M
Operating Expenses 320M 258M 250M 254M 259M 249M 259M 243M 221M 211M 204M 210M 184M 108M 66M 97M 76M 63M 101M
Operating Income (EBIT) 143M 157M 159M 147M 127M 79M 59M 155M 191M 196M 185M 152M 145M 58M 89M 111M 83M 82M 88M
Operating Income Margin 18.7% 20.5% 20.8% 19.8% 18.0% 13.0% 9.6% 21.2% 26.1% 27.5% 27.2% 23.0% 22.8% 18.7% 34.1% 37.7% 33.7% 35.2% 32.7%
Interest Income 12M 21M 21M 15M 5M 1M 3M 11M 11M 3M 1M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 107M 106M 110M 101M 101M 94M 90M 79M 80M 68M 71M 66M 66M 64M 54M 55M 52M 51M 49M
Net Interest Income -95M -85M -88M -86M -96M -94M -87M -68M -69M -66M -71M -66M -66M -64M -54M -55M -52M -51M -49M
Unusual Items 14M 9M 13M 27M 34M 0M -1M 0M 0M -5M -1M -2M -3M 160M 14M 1M 15M 0M 0M
EBT Excluding Unusual Items 48M 72M 70M 60M 31M -15M -29M 87M 122M 130M 114M 86M 78M -5M 34M 56M 31M 31M 39M
Pre-Tax Income 62M 81M 83M 87M 65M -15M -30M 87M 122M 125M 113M 84M 75M 155M 49M 57M 45M 31M 39M
Pre-Tax Margin 8.1% 10.6% 10.9% 11.8% 9.2% -2.4% -4.9% 11.9% 16.7% 17.5% 16.7% 12.8% 11.8% 49.7% 18.7% 19.5% 18.4% 13.4% 14.6%
Income Tax Expense -1M 3M 3M 3M 2M -2M -7M 2M 5M 7M 6M 4M 5M -1M 0M 0M -15M -11M -13M
Net Income 47M 50M 52M 53M 41M -7M -13M 51M 67M 64M 52M 35M 27M 38M 49M 57M 46M 42M 53M
Net Income Margin 6.1% 6.5% 6.8% 7.2% 5.7% -1.1% -2.1% 7.0% 9.1% 8.9% 7.7% 5.3% 4.3% 12.2% 18.7% 19.5% 18.7% 18.0% 19.6%
Depreciation & Amortization 191M 188M 185M 190M 217M 202M 191M 192M 169M 161M 155M 171M 145M 66M 43M 39M 36M 31M 28M
EBITDA 334M 344M 344M 337M 344M 281M 250M 347M 359M 357M 340M 323M 290M 125M 131M 150M 119M 113M 116M
EBITDA Margin 43.6% 45.1% 45.0% 45.5% 48.6% 46.2% 41.0% 47.5% 49.1% 50.0% 50.1% 49.1% 45.7% 40.0% 50.5% 50.8% 48.3% 48.5% 43.2%
NOPAT 145M 150M 154M 142M 124M 63M 46M 150M 184M 185M 175M 144M 136M 59M 89M 111M 111M 110M 118M
NOPAT Margin 18.9% 19.7% 20.1% 19.2% 17.5% 10.3% 7.6% 20.6% 25.1% 26.0% 25.8% 22.0% 21.4% 18.9% 34.1% 37.7% 45.1% 47.4% 43.9%
Owner's Earnings 37M 77M 236M 243M 131M 100M 35M -7M -8M 1M 25M 64M -136M -572M 91M 36M 70M 33M 75M
Owner's Earnings Margin 4.9% 10.1% 31.0% 32.9% 18.6% 16.5% 5.8% -0.9% -1.1% 0.2% 3.7% 9.7% -21.4% -183.3% 35.1% 12.1% 28.4% 14.0% 27.9%
EPS (Basic) 0.22 0.32 0.29 0.30 0.22 -0.08 -0.13 0.28 0.39 0.40 0.38 0.30 0.27 0.79 0.53 0.66 0.49 0.46 0.58
EPS (Diluted) 0.17 0.18 0.19 0.20 0.15 -0.02 -0.04 0.17 0.22 0.21 0.19 0.13 0.11 0.40 0.53 0.63 0.50 0.46 0.58
Shares (Basic) 167M 164M 165M 161M 165M 172M 175M 178M 168M 158M 134M 114M 98M 95M 92M 92M 92M 92M 92M
Shares (Diluted) 270M 268M 269M 266M 270M 275M 284M 298M 297M 298M 278M 267M 255M 96M 92M 92M 92M 92M 92M

Product Segments

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31
Observatory, Segment 147.59M 132.50M 136.38M 129.37M 105.98M 41.61M 29.06M 128.77M 131.23M 254.24M 249.66M 224.34M 225.05M
Other Segments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 11.39M 90.02M
Real Estate, Segment 723.89M 703.34M 713.85M 690.72M 686.07M 605.90M 598.00M 685.04M 680.24M 1,252.31M 1,184.20M 1,143.96M 1,039.20M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31
Cash & Cash Equivalents 136.73M 187.82M 385.47M 346.62M 264.43M 423.70M 526.71M 233.95M 204.98M 464.34M 554.37M 46.69M 45.73M 60.74M 51.50M 86.32M 88.03M 94.09M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 400.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 136.73M 187.82M 385.47M 346.62M 264.43M 423.70M 526.71M 233.95M 604.98M 464.34M 554.37M 46.69M 45.73M 60.74M 51.50M 86.32M 88.03M 94.09M
Net Receivables 28.12M 281.37M 449.60M 295.46M 264.29M 243.57M 244.05M 246.38M 230.34M 206.96M 174.62M 140.83M 125.85M 87.51M 59.26M 61.88M 10.99M 8.87M
Inventory 0.00M 0.00M 0.00M 0.00M 85.78M 0.00M 0.00M 0.00M -2.54M 0.00M -0.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets 185.06M 49.59M 43.84M 60.34M 98.11M -25.61M 41.23M 103.10M 132.71M 126.88M 115.86M 116.34M 108.78M 91.03M 32.27M 30.45M 71.45M 83.74M
Total Current Assets 349.92M 518.78M 878.90M 702.42M 712.62M 641.66M 811.99M 583.43M 965.50M 798.18M 844.25M 303.86M 280.36M 239.28M 143.03M 178.64M 170.47M 186.70M
Property, Plant & Equipment 28.07M 2,546.63M 28.20M 28.44M 28.67M 28.89M 29.10M 29.31M 2,129.20M 2,002.77M 1,894.13M 1,803.25M 1,755.33M 1,347.61M 666.20M 632.13M 590.47M 582.90M
Goodwill 491.48M 491.48M 491.48M 491.48M 491.48M 491.48M 491.48M 491.48M 491.48M 491.48M 491.48M 491.48M 491.48M 491.48M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 309.50M 311.45M 313.41M 321.24M 329.07M 336.90M 344.74M 352.57M 360.40M 368.23M 376.06M 383.89M 682.14M 312.30M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M -3.09M -4,150.70M -3,931.83M 0.00M -5,934.12M 0.00M 0.00M 0.00M 0.00M 76.88M 72.63M 81.74M 69.89M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 3.09M 4,150.70M 3,931.83M 0.00M 3,931.35M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets -309.50M 246.04M 2,798.30M 2,663.95M 2,601.75M 2,706.97M 2,396.21M 2,475.05M 249.21M 2,273.46M 285.03M 318.18M 87.20M 85.40M 108.27M 75.70M 43.02M 39.40M
Other Assets 3,209.29M 0.00M 0.00M 11.80M 0.00M 0.00M 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 3,728.84M 3,595.60M 3,631.39M 3,516.91M 3,450.97M 3,564.24M 3,261.53M 3,348.40M 3,230.28M 3,133.16M 3,046.70M 2,996.80M 3,016.14M 2,236.78M 851.34M 780.46M 715.23M 692.19M
Total Assets 4,078.75M 4,114.38M 4,510.29M 4,219.33M 4,163.59M 4,205.90M 4,073.51M 3,931.83M 4,195.78M 3,931.35M 3,890.95M 3,300.65M 3,296.50M 2,476.06M 994.37M 959.10M 885.69M 878.89M
Accounts Payable 49.03M 135.30M 54.78M 44.17M 32.93M 41.66M 32.31M 35.08M 34.59M 32.51M 36.25M 83.35M 68.49M 57.66M 26.89M 20.18M 19.76M 9.51M
Short-Term Debt 268.88M 0.00M 100.00M 86.54M 8.63M 388.22M 387.56M 264.64M 253.79M 263.66M 345.91M 12.39M 0.00M 0.00M 56.53M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Revenue 55.34M 61.89M 62.64M 70.30M 76.09M 84.36M 88.32M 72.02M 44.81M 40.91M 32.21M 31.39M 27.88M 21.57M 7.39M 5.88M 7.54M 7.43M
Other Current Liabilities -373.19M -69.75M 538.42M 302.75M -89.36M -482.59M -481.92M -395.10M -163.31M -191.46M -292.07M -10.47M 0.00M -1.39M -56.53M -0.06M -7.01M 0.00M
Total Current Liabilities 0.07M 127.44M 755.83M 503.75M 28.29M 31.65M 26.27M -23.36M 169.88M 145.62M 122.30M 116.66M 96.36M 77.83M 34.28M 26.01M 20.29M 16.94M
Long-Term Debt 2,007.69M 2,057.84M 2,355.64M 2,154.01M 2,237.51M 1,922.14M 1,749.09M 1,403.93M 1,924.18M 1,425.06M 1,617.92M 1,634.34M 1,598.65M 1,208.11M 996.49M 939.71M 869.06M 871.64M
Capital Lease Obligations 28.07M 28.13M 28.20M 28.44M 28.67M 28.89M 29.10M 29.31M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -44.81M -40.91M -32.21M -31.39M 0.00M 0.00M -7.39M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 99.44M 107.24M 107.04M 235.54M 119.02M 79.00M -17.36M 11.55M 105.01M 154.04M 123.89M 153.06M 151.43M 139.72M 16.86M 10.32M 15.74M 17.07M
Total Non-Current Liabilities 2,135.20M 2,193.21M 2,490.88M 2,417.99M 2,385.20M 2,030.03M 1,760.84M 1,444.80M 1,984.38M 1,538.19M 1,709.60M 1,756.01M 1,750.09M 1,347.83M 1,005.96M 950.03M 884.80M 888.70M
Total Liabilities 2,135.27M 2,320.64M 3,246.71M 2,921.74M 2,413.49M 2,061.68M 1,787.11M 1,421.44M 2,154.26M 1,683.81M 1,831.90M 1,872.67M 1,846.45M 1,425.67M 1,040.24M 976.04M 905.09M 905.64M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 8.00M 8.00M 8.00M 8.00M 8.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 1.69M 1.68M 1.67M 1.63M 1.61M 1.70M 1.72M 1.82M 1.75M 1.62M 1.56M 1.20M 1.07M 0.96M 0.00M 0.00M 0.00M 0.00M
Retained Earnings -55.10M -55.55M -58.89M -83.11M -109.47M -133.61M -65.67M 15.76M 41.51M 46.76M 50.90M 55.26M 60.71M 67.64M 0.00M 0.00M 0.00M 0.00M
Accumulated OCI 5.56M 6.73M 9.93M 6.03M 7.05M -20.85M -28.32M -21.50M -8.85M -8.56M -2.79M -0.88M 0.00M 0.00M -10.86M 1.29M -205.54M -185.83M
Minority Interest 751.04M 753.82M 751.27M 745.53M 728.72M 686.20M 676.06M 719.39M 752.63M 809.46M 828.73M 847.96M 904.46M 618.03M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity -47.85M -47.13M -47.28M -75.45M -100.81M -152.76M -92.28M -3.91M 42.41M 47.83M 57.68M 63.58M 69.79M 68.60M -10.86M 1.29M -205.54M -185.83M
Total Equity 703.19M 706.68M 703.99M 670.08M 627.91M 533.45M 583.78M 715.48M 795.04M 857.28M 886.40M 911.54M 974.24M 686.63M -10.86M 1.29M -205.54M -185.83M
Total Liabilities & Equity 2,838.46M 3,027.32M 3,950.70M 3,591.82M 3,041.40M 2,595.13M 2,370.89M 2,136.92M 2,949.29M 2,541.09M 2,718.31M 2,784.21M 2,820.69M 2,112.29M 1,029.38M 977.33M 699.54M 719.81M
Tangible Assets 3,277.78M 3,311.45M 3,705.40M 3,406.61M 3,343.04M 3,377.52M 3,237.30M 3,087.79M 3,343.90M 3,071.64M 3,023.41M 2,425.28M 2,122.88M 1,672.29M 994.37M 959.10M 885.69M 878.89M
Tangible Equity -97.79M -96.25M -100.90M -142.64M -192.65M -294.94M -252.43M -128.57M -56.84M -2.43M 18.87M 36.17M -199.37M -117.15M -10.86M 1.29M -205.54M -185.83M
Tangible Book Value -97.79M -96.25M -100.90M -142.64M -192.65M -294.94M -252.43M -128.57M -56.84M -2.43M 18.87M 36.17M -199.37M -117.15M -10.86M 1.29M -205.54M -185.83M
Total Investments 0.00M 0.00M 0.00M 0.00M 0.00M -3.09M -4,150.70M -3,931.83M 400.00M -5,934.12M 0.00M 0.00M 0.00M 0.00M 76.88M 72.63M 81.74M 69.89M
Net Debt 2,139.85M 1,870.01M 2,070.17M 1,893.93M 1,981.70M 1,886.67M 1,609.94M 1,434.63M 1,972.99M 1,224.38M 1,409.46M 1,600.04M 1,552.92M 1,147.37M 1,001.52M 853.39M 781.03M 777.55M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31
Working Capital 294.6M 383.5M 112.4M 143.2M 636.5M 633.8M 800.9M 511.4M 790.0M 646.4M 678.0M -99.3M 155.9M 157.4M 151.1M 180.4M 158.8M 178.3M
Total Capital 3,124.0M 3,118.0M 3,514.5M 3,254.5M 3,229.2M 3,337.4M 3,221.0M 2,926.4M 3,157.4M 2,857.0M 2,766.5M 2,157.1M 2,075.3M 1,593.3M 985.6M 941.0M 858.3M 853.4M
Capital Employed 4,023.4M 3,979.1M 3,743.8M 3,660.1M 4,087.5M 4,198.1M 4,062.4M 3,859.8M 4,020.3M 3,779.6M 3,724.7M 2,897.5M 3,172.1M 2,394.2M 1,002.5M 960.9M 874.0M 870.4M
Invested Capital 2,987.2M 2,930.2M 3,129.1M 2,907.9M 2,964.7M 2,913.7M 2,694.3M 2,692.5M 2,952.4M 2,392.7M 2,212.1M 2,110.5M 2,029.6M 1,532.5M 934.1M 854.7M 770.3M 759.3M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31
Net Income 68.75M 65.36M 80.36M 53.25M 63.21M -13.04M -22.89M 84.29M 66.54M 63.58M 52.39M 34.67M 27.14M 38.01M 48.64M 60.24M 46.12M 41.84M 52.72M
Depreciation & Amortization 184.25M 196.00M 184.82M 189.91M 216.89M 209.64M 191.01M 181.59M 180.61M 162.82M 179.81M 160.12M 135.94M 42.69M 47.57M 38.76M 36.03M 30.86M 28.16M
Deferred Income Tax 0.00M -100.12M 0.00M 0.00M 0.00M 7.94M -13.99M -11.80M 0.00M -13.54M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 23.74M 20.12M 21.70M 20.03M 21.01M 20.26M 25.50M 20.86M 18.79M 14.10M 9.73M 5.48M 3.72M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -0.34M -44.55M -16.23M -30.03M -44.27M 3.80M -5.78M -30.13M 14.56M -32.93M -25.36M 5.59M -30.57M -9.01M 4.46M -55.70M 2.91M -16.40M -0.13M
Accounts Receivable 6.54M -3.29M 6.89M 0.00M -5.31M 2.89M 3.88M 4.02M -1.28M -5.79M -3.76M 4.96M 3.14M -7.67M 4.48M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M -3.27M 0.00M 0.00M 5.31M -2.89M -3.88M -4.02M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 5.93M 14.40M 13.59M 0.75M 4.71M 49.25M 58.06M 90.91M 1.99M -25.10M 3.49M -0.93M -14.76M 9.47M 1.89M -0.27M 9.95M 0.00M 0.00M
Other Working Capital -12.79M -52.39M -36.71M -30.78M -48.97M -45.45M -63.83M -121.04M 13.84M -2.04M -25.09M 1.56M -18.94M -10.81M -1.42M -12.31M -2.52M -19.38M -8.75M
Other Non-Cash Items -13.70M 97.84M -9.75M -0.66M -45.68M -16.11M 8.45M -12.21M -1.47M 0.17M -1.82M -2.67M 2.32M -130.24M -6.32M -3.06M -10.67M 2.22M -5.34M
Net Cash from Operating Activities 262.70M 234.64M 260.89M 232.49M 211.17M 212.49M 182.29M 232.59M 279.02M 194.20M 214.76M 203.19M 138.56M -58.55M 94.35M 50.53M 74.38M 58.51M 75.41M
Capital Expenditures (PPE) 0.00M -53.00M 0.00M 0.00M -126.27M 0.00M 0.00M -250.25M 0.00M -222.98M -182.38M 0.00M -308.40M 0.00M 0.00M -60.58M -12.19M -40.18M -5.93M
Acquisitions (Net) 0.00M -14.23M 0.00M 0.00M 230.89M 0.00M 0.00M -149.74M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M -0.01M 0.00M 0.00M -115.63M 0.00M 0.00M 0.00M 0.00M -1.63M -0.45M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 11.01M 0.00M 0.00M 400.00M 0.00M 0.00M 0.54M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -425.03M -150.51M -397.12M -77.34M -230.89M -212.74M -143.12M 149.74M -643.02M 0.00M 0.54M -142.32M 9.35M -676.76M -108.28M 0.06M -22.65M 1.56M -7.84M
Net Cash from Investing Activities -425.03M -217.75M -397.12M -77.34M -230.89M -212.74M -143.12M 149.74M -643.02M -224.61M -181.84M -142.32M -299.06M -676.76M -108.28M -60.53M -34.84M -38.62M -13.77M
Net Debt Issuance -230.70M 217.68M 213.14M -8.63M -7.50M -4.09M 476.06M -253.79M 228.39M 83.39M -22.31M 38.08M 237.69M 91.06M 56.84M 70.59M -2.57M 43.49M -0.66M
Long-Term Debt Issuance -350.70M 217.68M 213.14M -8.63M -7.50M -4.09M 476.06M -253.79M 228.39M 83.39M -22.31M 38.08M 237.69M 91.06M 56.84M 70.59M -2.57M 43.49M -0.66M
Short-Term Debt Issuance 120.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -2.15M 0.00M 0.00M -13.11M -90.18M -46.70M -143.71M 0.00M 4.75M 0.00M 611.21M 0.00M 0.00M 992.89M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.75M 0.00M 611.21M 0.00M 0.00M 992.89M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -2.15M 0.00M 0.00M -13.11M -90.18M -46.70M -143.71M 0.00M 0.00M 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
Net Dividends Paid -27.67M -27.14M -27.42M -26.89M -27.31M -22.31M -41.38M -76.94M -71.79M -67.73M -56.75M -40.12M -34.07M -162.71M -62.90M -46.69M -40.67M -48.83M -67.41M
Common Dividends Paid -23.47M -23.99M -23.22M -22.68M -23.11M -18.11M -37.18M -75.19M -70.85M -66.79M -55.81M -39.18M -33.60M -162.71M -62.90M -46.69M -40.67M -48.83M -67.41M
Preferred Dividends Paid -4.20M -3.15M -4.20M -4.20M -4.20M -4.20M -4.20M -1.74M -0.94M -0.94M -0.94M -0.94M -0.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -16.08M -26.69M -27.14M -14.25M -15.25M -19.94M -33.80M -50.83M -56.73M -72.54M -61.21M -57.88M -58.13M -176.69M -14.83M -5.33M -2.35M 0.30M 2.25M
Net Cash from Financing Activities -277.49M 163.85M 158.58M -62.87M -140.24M -93.05M 257.17M -381.55M 104.62M -56.88M 470.94M -59.92M 145.49M 744.55M -20.89M 18.57M -45.60M -5.04M -65.82M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 118.48M 0.00M 0.00M 0.00M
Net Change in Cash -439.82M 180.74M 22.35M 92.28M -159.96M -93.30M 296.34M 0.78M -259.38M -90.03M 507.69M 0.95M -15.01M 9.24M -34.82M 116.76M -6.06M 14.86M -4.18M
Cash at Beginning of Period 1,713.18M 1,609.03M 406.96M 314.68M 474.64M 567.94M 271.60M 270.81M 530.20M 554.37M 46.69M 45.73M 60.74M 51.50M 86.32M 88.03M 94.09M 79.23M 83.41M
Cash at End of Period 1,273.36M 1,789.77M 429.30M 406.96M 314.68M 474.64M 567.94M 271.60M 270.81M 464.34M 554.37M 46.69M 45.73M 60.74M 51.50M 86.32M 88.03M 94.09M 79.23M
Operating Cash Flow 262.70M 234.64M 260.89M 232.49M 211.17M 212.49M 182.29M 232.59M 279.02M 191.46M 218.58M 203.19M 138.56M -69.91M 94.35M 50.53M 74.38M 58.51M 75.41M
Capital Expenditure -200.26M -159.68M 0.00M 0.00M -126.27M -95.04M -143.12M -250.25M -243.02M -223.01M -182.38M -142.20M -308.40M -675.91M 0.00M -60.58M -12.19M -40.18M -5.93M
Free Cash Flow 62.45M 74.96M 260.89M 232.49M 84.91M 117.45M 39.18M -17.66M 36.00M -31.56M 36.21M 60.99M -169.84M -745.82M 94.35M -10.06M 62.19M 18.33M 69.48M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31
EBITDA 525.54M 531.51M 523.58M 526.53M 540.78M 474.24M 446.88M 528.78M 527.87M 517.27M 495.06M 494.51M 435.57M 190.18M 174.07M 228.75M 179.90M 141.96M 142.96M
(-) Tax Adjustment 18.10M 22.51M 16.95M 16.41M 12.91M 55.67M 104.33M 14.81M 20.10M 27.63M 26.83M 23.28M 27.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
(-) Change In Working Capital -0.34M -44.55M -16.23M -30.03M -44.27M 3.80M -5.78M -30.13M 14.56M -32.93M -25.36M 5.59M -30.57M -9.01M 4.46M -55.70M 2.91M -16.40M -0.13M
(-) Capital Expenditure -200.26M -159.68M 0.00M 0.00M -126.27M -95.04M -143.12M -250.25M -243.02M -223.01M -182.38M -142.20M -308.40M -675.91M 0.00M -60.58M -12.19M -40.18M -5.93M
Unlevered Free Cash Flow 307.52M 393.87M 522.86M 540.15M 445.87M 319.73M 205.21M 293.85M 250.19M 299.55M 311.21M 323.44M 130.65M -476.72M 169.61M 223.87M 164.80M 118.19M 137.16M
(-) Net Interest Income After Taxes -90.44M -79.85M -85.55M -83.66M -93.96M -82.69M -66.90M -66.08M -66.34M -62.03M -66.68M -62.65M -62.32M -63.81M -54.39M -54.75M -52.26M -50.74M -48.66M
Net Debt Issuance -230.70M 217.68M 213.14M -8.63M -7.50M -4.09M 476.06M -253.79M 228.39M 83.39M -22.31M 38.08M 237.69M 91.06M 56.84M 70.59M -2.57M 43.49M -0.66M
Levered Free Cash Flow 167.26M 691.40M 821.55M 615.18M 532.33M 398.33M 748.17M 106.14M 544.91M 444.97M 355.58M 424.17M 430.66M -321.86M 280.84M 349.21M 214.49M 212.41M 185.16M