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Definitive Analysis

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Page: Company Financials

Tegma Gestão Logística S.A.

Ticker: TGMA3.SA | Industry: Trucking | Sector: Industrials
$39.15 +1.15 (3.03%)
As of: 2026-01-27

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Stock Price 34.50 26.86 23.44 17.18 18.83 22.95 31.40 21.12 16.39 6.56 8.52 18.43 23.66 32.36 23.96 19.07 10.06
Market Capitalization 2,274.07M 1,766.61M 1,536.41M 1,123.29M 1,265.95M 1,495.03M 2,075.45M 1,396.60M 1,089.63M 436.82M 549.72M 1,218.11M 1,563.05M 2,134.42M 1,581.17M 1,258.18M 664.15M
(-) Cash & Equivalents 310.67M 272.01M 242.56M 164.44M 229.50M 230.16M 98.55M 99.42M 150.77M 221.67M 214.87M 203.83M 60.86M 13.47M 17.31M 46.05M 7.76M
(+) Total Debt 187.53M 172.30M 169.10M 150.61M 230.06M 269.99M 221.33M 156.34M 234.54M 329.44M 407.93M 484.30M 569.30M 334.04M 218.97M 58.22M 19.96M
Enterprise Value 2,150.93M 1,666.89M 1,462.95M 1,109.46M 1,266.51M 1,534.86M 2,198.23M 1,453.52M 1,173.39M 544.59M 742.78M 1,498.58M 2,071.49M 2,454.98M 1,782.83M 1,270.34M 676.36M

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 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Revenue 2,239M 1,920M 2,090M 1,583M 1,371M 1,007M 1,012M 1,347M 1,254M 1,084M 924M 1,123M 1,440M 1,578M 1,634M 1,509M 1,167M 1,070M 979M 716M 443M 375M 310M
Cost of Revenue 1,770M 1,520M 1,639M 1,272M 1,096M 819M 812M 1,060M 996M 850M 782M 974M 1,196M 1,326M 1,395M 1,250M 957M 909M 854M 594M 357M 303M 246M
Gross Profit 469M 400M 451M 312M 275M 188M 200M 287M 258M 234M 142M 148M 244M 252M 239M 260M 210M 161M 125M 122M 86M 71M 65M
Gross Profit Margin 21.0% 20.8% 21.6% 19.7% 20.0% 18.7% 19.8% 21.3% 20.6% 21.6% 15.3% 13.2% 16.9% 15.9% 14.6% 17.2% 18.0% 15.0% 12.8% 17.1% 19.4% 19.1% 20.8%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 124M 110M 110M 99M 84M 78M 84M 85M 76M 76M 65M 77M 100M 101M 101M 79M 51M 42M 41M 34M 15M 16M 14M
Operating Expenses 460M 107M 107M 98M 85M 70M 100M 47M 105M 85M 79M 100M 108M 110M 104M 81M 41M 42M 41M 32M 17M 21M 21M
Operating Income (EBIT) 9M 292M 344M 214M 190M 118M 100M 240M 153M 149M 63M 48M 136M 142M 135M 178M 168M 119M 84M 90M 69M 51M 44M
Operating Income Margin 0.4% 15.2% 16.4% 13.5% 13.9% 11.7% 9.9% 17.8% 12.2% 13.7% 6.9% 4.3% 9.5% 9.0% 8.3% 11.8% 14.4% 11.1% 8.6% 12.6% 15.5% 13.6% 14.2%
Interest Income 33M 19M 4M 5M 5M -1M 2M 38M 2M 25M -1M 33M 23M 16M 5M 9M 4M 9M 19M 13M 0M 0M 0M
Interest Expense 31M 26M 25M 26M 17M 16M 17M 21M 18M 31M 59M 66M 49M 27M 14M 22M 14M 21M 11M 12M 1M 0M 0M
Net Interest Income 1M -7M -22M -21M -12M -16M -16M 17M -16M -7M -59M -33M -26M -11M -9M -13M -10M -12M 8M 2M -1M 0M 0M
Unusual Items 375M 30M 56M 42M 30M 23M 13M 9M 8M -25M 23M -4M -14M 13M -5M -18M 0M 0M -5M -18M 0M 0M 1M
EBT Excluding Unusual Items 11M 286M 322M 193M 178M 102M 84M 257M 137M 142M 4M 15M 110M 131M 126M 165M 159M 107M 92M 92M 68M 51M 44M
Pre-Tax Income 386M 315M 377M 235M 208M 124M 97M 265M 144M 117M 27M 11M 96M 144M 121M 147M 159M 107M 87M 74M 68M 51M 45M
Pre-Tax Margin 17.2% 16.4% 18.1% 14.9% 15.2% 12.3% 9.6% 19.7% 11.5% 10.8% 2.9% 1.0% 6.7% 9.1% 7.4% 9.8% 13.6% 10.0% 8.9% 10.3% 15.3% 13.6% 14.5%
Income Tax Expense 110M 88M 107M 54M 48M 17M 24M 71M 36M 14M 13M 1M 20M 55M 40M 48M 46M 31M 34M 30M 23M 17M 14M
Net Income 276M 236M 270M 181M 159M 108M 74M 194M 108M 104M 14M 10M -23M 49M 83M 97M 112M 76M 53M 44M 45M 34M 31M
Net Income Margin 12.3% 12.3% 12.9% 11.5% 11.6% 10.7% 7.3% 14.4% 8.6% 9.6% 1.5% 0.9% -1.6% 3.1% 5.1% 6.5% 9.6% 7.2% 5.4% 6.2% 10.1% 9.0% 9.9%
Depreciation & Amortization 60M 56M 56M 55M 53M 51M 54M 59M 29M 28M 30M 28M 23M 29M 32M 24M 18M 42M 38M 10M 5M 9M 8M
EBITDA 69M 348M 399M 268M 243M 169M 154M 298M 182M 177M 93M 76M 159M 171M 167M 202M 187M 161M 122M 100M 73M 59M 52M
EBITDA Margin 3.1% 18.1% 19.1% 17.0% 17.7% 16.8% 15.2% 22.1% 14.5% 16.3% 10.1% 6.8% 11.1% 10.8% 10.2% 13.4% 16.0% 15.0% 12.5% 14.0% 16.6% 15.8% 16.8%
NOPAT 7M 211M 246M 165M 146M 102M 76M 175M 115M 132M 33M 43M 108M 88M 90M 120M 119M 85M 51M 54M 45M 34M 30M
NOPAT Margin 0.3% 11.0% 11.8% 10.4% 10.6% 10.2% 7.5% 13.0% 9.2% 12.1% 3.5% 3.8% 7.5% 5.6% 5.5% 7.9% 10.2% 7.9% 5.2% 7.6% 10.2% 8.9% 9.6%
Owner's Earnings 276M 251M 269M 201M 182M 130M 110M 214M 104M 108M 11M -31M -41M 33M 59M 69M 110M 92M 0M 12M 40M 36M 36M
Owner's Earnings Margin 12.3% 13.1% 12.9% 12.7% 13.3% 12.9% 10.8% 15.9% 8.3% 9.9% 1.2% -2.8% -2.9% 2.1% 3.6% 4.6% 9.4% 8.6% 0.0% 1.7% 9.1% 9.6% 11.5%
EPS (Basic) 4.19 3.58 4.10 2.75 2.42 1.64 1.12 2.94 1.64 1.57 0.21 0.15 -0.35 0.75 1.26 1.48 1.70 1.16 0.80 0.65 0.82 0.49 0.45
EPS (Diluted) 4.19 3.61 4.09 2.75 2.42 1.64 1.12 2.94 1.64 1.57 0.21 0.15 -0.35 0.75 1.26 1.48 1.70 1.16 0.80 0.65 0.65 0.49 0.45
Shares (Basic) 66M 65M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 69M 67M 69M 69M
Shares (Diluted) 66M 65M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 66M 69M 69M 69M 69M

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 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Cash & Cash Equivalents 245.66M 347.15M 241.34M 232.54M 190.30M 147.13M 260.39M 67.33M 83.54M 148.73M 192.86M 214.26M 227.86M 204.45M 12.36M 3.95M 24.85M 31.02M 68.66M 11.50M 7.22M 5.94M 5.62M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 54.38M 67.01M 13.73M 28.11M 0.00M 223.48M 7.38M 0.00M 0.00M
Cash & Short-Term Investments 245.66M 347.15M 241.34M 232.54M 190.30M 147.13M 260.39M 67.33M 83.54M 148.73M 192.86M 214.26M 227.86M 204.45M 66.74M 70.96M 38.58M 59.13M 68.66M 234.98M 14.60M 5.94M 5.62M
Net Receivables 455.47M 382.89M 456.39M 360.28M 329.50M 303.10M 212.43M 262.79M 226.79M 172.31M 155.03M 200.41M 362.73M 367.64M 395.33M 341.99M 195.17M 145.60M 149.62M 130.97M 64.47M 48.84M 50.78M
Inventory 0.55M 0.94M 0.26M 0.81M 1.00M 1.25M 0.08M 0.08M 0.17M 0.23M 0.21M 1.53M 1.99M 4.18M 2.15M 4.73M 1.12M 9.78M -15.94M -13.91M 0.42M 0.00M 0.00M
Other Current Assets 10.65M 10.63M 7.13M 13.44M 26.99M 53.51M 43.17M 118.28M 25.68M 52.54M 26.92M 42.45M 20.01M 32.11M 65.96M 12.59M 24.88M 6.52M 27.39M 24.51M 8.69M 31.04M 25.23M
Total Current Assets 712.34M 741.60M 705.12M 607.07M 547.80M 504.99M 516.07M 448.48M 336.19M 373.81M 375.01M 458.65M 612.60M 608.37M 530.18M 430.27M 259.74M 221.03M 229.73M 376.54M 88.18M 85.81M 81.62M
Property, Plant & Equipment 331.77M 325.97M 310.63M 295.65M 273.62M 268.71M 253.62M 279.96M 202.17M 210.10M 214.14M 221.11M 189.32M 194.13M 190.15M 188.24M 144.86M 151.19M 159.22M 67.15M 15.65M 12.73M 8.87M
Goodwill 173.02M 160.03M 160.03M 160.03M 160.03M 160.03M 160.03M 160.03M 176.73M 162.56M 163.92M 163.92M 163.92M 234.48M 0.00M 0.00M 0.00M 100.00M 0.00M 0.00M 1.40M 0.00M 0.00M
Intangible Assets 38.33M 34.64M 30.91M 16.75M 16.07M 12.52M 10.74M 11.41M 12.42M 12.57M 12.90M 14.70M 7.31M 42.90M 276.64M 251.56M 164.69M 64.36M 165.90M 50.53M 1.81M 3.86M 10.43M
Long-Term Investments 100.73M 97.87M 61.46M 72.35M 69.33M 64.46M 60.62M 40.94M 55.06M 17.46M 0.00M 0.00M 19.80M 0.00M 8.26M -59.64M 0.00M -25.90M 1.79M -222.19M -6.57M 0.00M 0.00M
Tax Assets 1.86M 1.89M 37.57M 29.01M 5.65M 9.26M 14.68M 16.91M 16.13M 36.56M 23.29M 18.81M 13.17M 61.99M 3.84M 21.32M 24.12M 34.17M 29.72M 8.38M 11.85M 19.80M 28.07M
Other Non-Current Assets 25.75M 25.23M 16.07M 42.20M 33.65M 22.62M 9.54M 27.09M 9.42M 41.38M 37.90M 41.14M 39.51M 57.04M 45.04M 120.66M 3.80M 29.00M 1.65M 225.22M 7.50M 0.28M 0.28M
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 -1.51M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 671.45M 645.62M 616.67M 615.99M 558.36M 537.60M 509.23M 536.35M 471.92M 480.63M 452.15M 459.69M 433.04M 590.54M 523.92M 520.65M 337.48M 352.83M 358.27M 129.10M 31.64M 36.67M 47.64M
Total Assets 1,383.78M 1,387.22M 1,321.78M 1,223.06M 1,106.16M 1,042.59M 1,025.29M 984.83M 808.11M 854.44M 827.15M 918.34M 1,045.63M 1,198.91M 1,054.11M 950.92M 597.22M 573.85M 588.00M 505.64M 119.82M 122.48M 129.26M
Accounts Payable 8.15M 8.22M 62.42M 49.62M 49.41M 7.54M 2.89M 2.50M 5.17M 5.21M 12.38M 12.53M 7.23M 7.48M 17.34M 17.27M 42.77M 105.89M 3.50M 16.93M 22.21M 13.46M 13.43M
Short-Term Debt 28.28M 30.00M 29.09M 12.76M 59.17M 63.89M 68.81M 86.15M 54.78M 72.55M 128.09M 83.11M 35.78M 83.24M 225.29M 18.97M 18.58M 39.06M 0.00M 0.00M 0.58M 1.22M 0.58M
Tax Payables 66.53M 54.87M 66.96M 12.92M 32.47M 25.57M 27.38M 61.41M 21.53M 33.66M 17.14M 14.45M 17.57M 24.57M 29.07M 20.81M 14.78M 2.24M 0.17M 2.94M 2.32M 2.35M 1.94M
Deferred Revenue 0.00M 0.00M 0.00M 1.50M 0.00M -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 0.00M 0.00M 0.00M
Other Current Liabilities 10.41M 7.42M 1.73M 16.87M 18.97M 10.90M 15.33M 117.38M 54.71M 18.57M 21.30M 37.78M 54.66M 30.61M 98.94M 80.94M 65.88M 2.24M 127.64M 65.01M 7.87M 12.71M 7.64M
Total Current Liabilities 113.37M 100.50M 160.20M 93.67M 160.02M 105.36M 114.41M 267.45M 136.18M 130.00M 178.90M 147.86M 115.24M 145.89M 370.63M 137.99M 142.00M 149.43M 131.31M 84.88M 32.97M 29.74M 23.59M
Long-Term Debt 57.54M 81.21M 76.91M 88.84M 42.57M 65.00M 125.00M 55.01M 105.42M 150.32M 163.49M 281.19M 473.58M 444.81M 134.94M 274.52M 33.01M 39.08M 0.00M 0.00M 0.00M 0.05M 0.63M
Capital Lease Obligations 80.99M 85.86M 71.08M 70.67M 53.56M 69.73M 60.54M 76.92M 0.00M 0.00M 0.00M 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 2.40M 2.97M 1.70M 3.89M 8.88M 5.57M 0.00M 2.76M 2.59M 6.63M 23.58M 19.33M 23.33M 34.57M 0.00M 0.00M 0.00M 4.45M 1.90M 2.60M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 30.98M 24.63M 24.07M 60.02M 31.63M 34.29M 36.89M 35.81M 46.40M 38.98M 15.13M 33.78M 21.24M 53.15M 107.91M 99.48M 6.03M 4.34M 91.04M 35.68M 6.01M -0.05M -0.63M
Total Non-Current Liabilities 171.91M 194.67M 173.75M 223.42M 136.64M 174.59M 222.43M 170.49M 154.42M 195.93M 202.20M 334.29M 518.15M 532.52M 242.85M 374.00M 39.04M 47.88M 92.93M 38.28M 6.01M 0.00M 0.00M
Total Liabilities 285.28M 295.17M 333.95M 317.09M 296.66M 279.95M 336.84M 437.94M 290.60M 325.93M 381.10M 482.15M 633.38M 678.41M 613.49M 512.00M 181.05M 197.31M 224.24M 123.17M 38.98M 29.74M 23.59M
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
Common Stock 438.84M 438.84M 438.84M 318.52M 318.52M 318.52M 318.52M 144.47M 144.47M 144.47M 144.47M 144.47M 144.47M 144.47M 144.47M 144.47M 144.47M 144.47M 144.47M 144.47M 54.33M 54.61M 54.61M
Retained Earnings 101.73M 110.85M 484.34M 343.49M 450.16M 364.83M 217.29M 184.30M 109.30M 66.00M 25.17M 20.03M 41.63M 81.57M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 26.76M 31.99M 32.25M
Accumulated OCI 0.00M -1.42M -1.42M -1.83M -2.16M -2.28M 0.00M -0.01M -0.31M 64.62M -0.20M 0.00M 2.29M 1.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 1.38M 0.94M 0.57M 0.98M 0.00M 0.00M 0.00M 0.00M 0.00M 0.08M 0.06M -8.89M -6.00M 0.04M 0.03M 0.00M 0.02M 0.01M 0.00M 0.00M
Total Shareholders’ Equity 540.57M 548.27M 921.75M 660.18M 766.53M 681.08M 535.81M 328.77M 253.46M 275.09M 169.44M 164.50M 188.38M 227.83M 144.47M 144.47M 144.47M 144.47M 144.47M 144.47M 81.09M 86.60M 86.86M
Total Equity 540.57M 548.27M 921.75M 661.56M 767.47M 681.64M 536.79M 328.77M 253.46M 275.09M 169.44M 164.50M 188.46M 227.89M 135.58M 138.47M 144.51M 144.50M 144.47M 144.48M 81.10M 86.60M 86.86M
Total Liabilities & Equity 825.85M 843.44M 1,255.71M 978.64M 1,064.13M 961.60M 873.63M 766.71M 544.06M 601.02M 550.54M 646.66M 821.84M 906.30M 749.07M 650.47M 325.56M 341.81M 368.72M 267.65M 120.08M 116.34M 110.45M
Tangible Assets 1,172.44M 1,192.56M 1,130.84M 1,046.28M 930.05M 870.04M 854.52M 813.38M 618.97M 679.31M 650.33M 739.71M 874.40M 921.53M 777.47M 699.35M 432.53M 409.49M 422.11M 455.11M 116.61M 118.62M 118.83M
Tangible Equity 329.22M 353.60M 730.81M 484.78M 591.37M 509.09M 366.02M 157.32M 64.31M 99.97M -7.39M -14.12M 17.22M -49.49M -141.06M -113.09M -20.18M -19.86M -21.42M 93.95M 77.89M 82.74M 76.43M
Tangible Book Value 329.22M 353.60M 730.81M 484.78M 591.37M 509.09M 366.02M 157.32M 64.31M 99.97M -7.39M -14.12M 17.22M -49.49M -141.06M -113.09M -20.18M -19.86M -21.42M 93.95M 77.89M 82.74M 76.43M
Total Investments 100.73M 97.87M 61.46M 72.35M 69.33M 64.46M 60.62M 40.94M 55.06M 1.98M 3.00M 5.78M 19.80M 2.26M 62.64M 7.38M 13.73M 2.21M 1.79M 1.29M 0.80M 0.00M 0.00M
Net Debt -159.85M -235.95M -135.34M -130.94M -88.56M -18.24M -66.58M 73.83M 76.66M 74.14M 98.72M 150.04M 281.50M 323.59M 347.87M 289.54M 26.74M 47.13M -68.66M -11.50M -6.64M -4.67M -4.42M

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 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Working Capital 444.9M 503.1M 449.8M 414.6M 312.4M 287.4M 311.9M 180.4M 166.9M 181.6M 125.1M 240.0M 447.3M 343.6M 134.1M 252.0M 121.5M 64.9M 58.3M 262.7M 55.5M 56.5M 47.5M
Total Capital 1,151.0M 1,190.4M 1,098.5M 1,007.4M 921.5M 879.3M 879.0M 793.2M 644.6M 671.7M 666.7M 729.7M 871.5M 929.6M 784.3M 697.6M 471.5M 449.7M 323.6M 353.5M 81.7M 87.9M 88.1M
Capital Employed 1,116.4M 1,148.7M 1,066.5M 1,030.6M 870.7M 825.0M 821.1M 716.7M 638.8M 644.7M 577.3M 699.7M 880.3M 934.1M 658.0M 772.7M 458.9M 417.8M 416.5M 391.8M 87.1M 93.1M 95.1M
Invested Capital 905.4M 843.3M 857.1M 774.9M 731.2M 732.2M 618.6M 725.8M 561.0M 522.9M 473.8M 515.4M 643.6M 725.1M 771.9M 693.6M 446.6M 418.7M 254.9M 342.0M 74.4M 81.9M 82.4M

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 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Net Income 275.81M 235.83M 269.82M 181.41M 159.30M 108.09M 73.63M 193.97M 144.30M 117.49M 26.80M 11.18M 4.56M 71.97M 120.82M 147.27M 158.71M 107.43M 86.67M 44.27M 0.00M 0.00M 0.00M
Depreciation & Amortization 59.73M 55.78M 55.64M 54.76M 53.10M 50.87M 54.05M 58.60M 29.29M 28.14M 30.10M 27.92M 23.40M 29.05M 32.16M 24.28M 18.44M 41.68M 34.90M 9.86M 2.71M 8.55M 8.07M
Deferred Income Tax 0.00M -4.50M 0.00M 0.00M 0.00M 0.00M 0.31M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.04M -2.11M 0.43M 0.97M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 70.76M -7.30M 30.56M 41.08M 40.93M -92.21M 87.82M 57.53M -42.97M -20.09M 31.62M 61.73M -199.98M 0.10M -62.54M -105.06M -13.05M 5.97M -7.03M -10.93M -4.49M -7.32M -9.70M
Accounts Receivable 74.10M -27.74M 8.49M 21.81M 46.02M -87.68M 81.09M -34.23M -41.77M -25.85M 35.31M 54.48M -32.92M 25.14M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M -7.35M 0.00M 26.97M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable -1.11M 6.84M 11.99M 9.76M -1.33M 15.35M -5.78M 2.32M 3.06M -12.31M -2.24M -6.49M 0.00M 0.00M -10.85M -5.39M 0.00M 0.00M -10.96M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -2.22M 13.60M 10.07M 9.52M -3.75M -12.53M 12.50M 62.47M -4.26M 18.06M -1.45M 13.73M -167.06M -25.03M -51.69M -99.68M -13.05M 5.97M 3.93M -10.93M -4.49M -7.32M -9.70M
Other Non-Cash Items -138.50M -40.82M -97.33M -60.82M -45.54M -13.24M -12.08M -132.54M -25.73M -40.54M -4.12M 13.31M 48.21M -36.75M -32.54M -12.23M -39.48M -24.57M -26.64M 9.47M 54.75M 44.35M 41.13M
Net Cash from Operating Activities 267.79M 239.00M 258.69M 216.44M 207.79M 53.50M 203.72M 177.57M 104.89M 85.00M 84.36M 112.01M -123.37M 65.34M 57.90M 54.25M 124.62M 130.50M 87.90M 52.67M 52.97M 45.58M 39.50M
Capital Expenditures (PPE) -43.26M -36.92M -41.03M -35.67M -22.37M -23.31M -13.93M -34.52M -27.93M -20.01M -31.14M -69.33M -39.17M -39.84M -56.11M -52.07M -20.55M -25.78M -117.78M -41.75M -9.08M -6.04M -2.98M
Acquisitions (Net) -7.50M -9.31M -10.00M 0.00M 0.52M 0.00M 0.00M 0.32M 0.49M 0.00M 0.00M 0.00M 0.00M 0.00M -7.30M -81.88M -0.75M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -6.00M 0.00M -6.00M -3.00M -5.87M 0.00M 0.00M 0.00M 0.00M -12.68M 0.00M 0.00M 0.00M 0.00M -7.30M -301.56M -7.49M -21.64M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 3.78M 0.00M 0.00M 0.00M 0.00M 0.00M 82.07M 51.83M 0.00M 9.36M -2.79M 15.36M 45.53M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 0.55M 2.25M 14.22M 9.01M -0.43M 2.14M 3.87M -2.67M -5.33M -2.82M 0.47M 3.15M 2.46M 56.09M 34.56M 261.52M 26.66M 6.03M 8.62M -51.11M 0.49M 0.39M -2.80M
Net Cash from Investing Activities -56.21M -47.17M -42.80M -29.66M -28.14M -17.39M -10.06M -36.87M -32.78M -35.51M -30.66M 15.88M 15.11M 16.25M -26.80M -176.79M 13.23M 4.14M -109.16M -92.86M -8.60M -5.64M -5.77M
Net Debt Issuance -27.14M 9.64M 4.64M 1.27M -27.43M -65.01M 35.30M -53.34M -61.42M -63.23M -71.29M -165.40M 143.03M 124.15M 52.55M 330.35M -76.39M -65.18M -64.09M 14.24M -0.61M 0.19M -3.60M
Long-Term Debt Issuance -27.14M 9.64M 4.64M 1.27M -27.43M -65.01M 35.30M -23.34M -61.42M -63.23M -71.29M -165.40M 143.03M 124.15M 52.55M 330.35M -74.63M -63.39M -64.09M 14.24M -0.61M 0.19M -3.60M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -29.99M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -3.95M -1.77M -1.79M 0.00M 0.00M 0.00M 0.00M 0.00M
Net 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 -0.34M -32.81M 297.00M 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 0.00M 54.47M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 297.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.34M -32.81M 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
Net Dividends Paid -179.92M -163.76M -180.16M -112.82M -73.96M -51.82M -22.43M -103.57M -75.50M -30.39M 0.00M -5.00M -16.98M -60.00M -62.16M -66.00M -62.50M -54.32M -57.06M -41.76M -50.11M -34.53M -22.20M
Common Dividends Paid -179.92M -163.76M -180.16M -112.82M -73.96M -51.82M -22.43M -103.57M -75.50M -30.39M 0.00M -5.00M -16.98M -60.00M -62.16M -66.00M -62.50M -54.32M -54.31M -41.76M -49.80M -33.90M -22.20M
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 -2.75M 0.00M -0.31M -0.63M 0.00M
Other Financing Activities -22.99M -32.22M -31.57M -32.99M -35.09M -32.55M -13.47M 0.00M -0.39M 0.00M -3.81M 28.91M 5.62M 46.35M -13.03M -163.22M -5.12M -1.28M 8.90M -8.92M 1.30M -0.20M -0.40M
Net Cash from Financing Activities -230.04M -186.34M -207.09M -144.54M -136.48M -149.37M -0.61M -156.91M -137.31M -93.62M -75.10M -141.49M 131.67M 110.50M -22.63M 101.13M -144.02M -121.12M -145.06M 260.57M -49.41M -34.54M -26.19M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash -18.46M 5.50M 8.80M 42.24M 43.17M -113.26M 193.06M -16.21M -65.19M -44.13M -21.40M -13.60M 23.41M 192.09M 8.48M -22.96M -6.17M 13.53M -166.32M 220.38M 34.23M 33.87M 20.93M
Cash at Beginning of Period 1,191.81M 1,073.77M 232.54M 190.30M 147.13M 260.39M 67.33M 83.54M 148.73M 192.86M 214.26M 227.86M 204.45M 12.36M 3.88M 24.85M 31.02M 17.50M 234.98M 14.60M -19.64M -14.23M -6.70M
Cash at End of Period 1,173.35M 1,079.26M 241.34M 232.54M 190.30M 147.13M 260.39M 67.33M 83.54M 148.73M 192.86M 214.26M 227.86M 204.45M 12.36M 1.90M 24.85M 31.02M 68.66M 234.98M 14.60M 19.64M 14.23M
Operating Cash Flow 267.79M 235.82M 258.69M 216.44M 207.79M 53.50M 203.72M 177.57M 104.89M 85.00M 84.36M 112.01M -123.37M 65.34M 57.90M 54.25M 124.62M 130.50M 87.90M 52.67M 52.97M 45.58M 39.50M
Capital Expenditure -59.85M -40.65M -56.77M -35.67M -30.10M -28.58M -17.95M -38.91M -33.23M -24.18M -33.00M -69.33M -41.59M -45.05M -56.11M -52.07M -20.55M -25.78M -90.98M -41.75M -9.08M -6.04M -2.98M
Free Cash Flow 207.94M 193.46M 201.92M 173.74M 177.69M 24.92M 185.77M 138.66M 71.66M 60.82M 51.36M 42.68M -164.96M 20.29M 1.79M 2.17M 104.07M 104.72M -3.08M 10.92M 43.89M 39.55M 36.53M

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 2007-12-31 2006-12-31 2005-12-31 2004-12-31
EBITDA 404.84M 345.75M 396.27M 267.30M 243.50M 161.05M 170.05M 260.01M 210.77M 186.21M 106.55M 98.71M 167.47M 179.07M 170.37M 204.37M 176.92M 160.62M 122.10M 98.12M 75.59M 64.49M 58.32M
(-) Tax Adjustment 115.18M 96.76M 112.18M 60.80M 56.49M 21.49M 41.25M 69.90M 52.65M 21.76M 37.29M 11.01M 34.95M 62.67M 56.89M 66.88M 51.73M 46.29M 42.73M 34.34M 25.84M 21.96M 18.58M
(-) Change In Working Capital 70.76M -7.30M 30.56M 41.08M 40.93M -92.21M 87.82M 57.53M -42.97M -20.09M 31.62M 61.73M -199.98M 0.10M -62.54M -105.06M -13.05M 5.97M -7.03M -10.93M -4.49M -7.32M -9.70M
(-) Capital Expenditure -59.85M -40.65M -56.77M -35.67M -30.10M -28.58M -17.95M -38.91M -33.23M -24.18M -33.00M -69.33M -41.59M -45.05M -56.11M -52.07M -20.55M -25.78M -90.98M -41.75M -9.08M -6.04M -2.98M
Unlevered Free Cash Flow 159.04M 215.65M 196.76M 129.75M 115.97M 203.19M 23.02M 93.67M 167.85M 160.36M 4.64M -43.35M 290.91M 71.24M 119.91M 190.48M 117.68M 82.58M -4.58M 32.95M 45.15M 43.82M 46.46M
(-) Net Interest Income After Taxes 1.06M -4.90M -15.54M -15.92M -9.00M -14.14M -11.76M 12.38M -12.23M -6.10M -38.61M -29.54M -20.60M -7.24M -6.06M -8.84M -6.88M -8.36M 5.15M 0.98M -0.69M 0.00M 0.00M
Net Debt Issuance -27.14M 9.64M 4.64M 1.27M -27.43M -65.01M 35.30M -53.34M -61.42M -63.23M -71.29M -165.40M 143.03M 124.15M 52.55M 330.35M -76.39M -65.18M -64.09M 14.24M -0.61M 0.19M -3.60M
Levered Free Cash Flow 130.84M 230.19M 216.94M 146.94M 97.54M 152.32M 70.08M 27.95M 118.67M 103.23M -28.04M -179.21M 454.54M 202.64M 178.52M 529.67M 48.17M 25.76M -73.82M 46.22M 45.24M 44.01M 42.86M