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Definitive Analysis

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Page: Industry Financials

FVJ.F

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 11.71 10.14 11.34 13.23 13.58 10.84 10.97 10.79 13.94 10.77 9.86 11.90 10.92 13.07 11.17 13.57 7.90 7.51 14.41 10.68 6.12 5.40 3.72 3.39 4.17 4.99 4.79 4.70 4.61 5.23 8.42
Market Capitalization 6,617.36M 4,520.51M 5,165.49M 5,318.39M 5,616.65M 4,030.94M 3,444.72M 3,424.05M 3,914.17M 2,943.78M 2,680.16M 2,710.48M 2,444.68M 2,904.58M 2,709.60M 3,366.03M 2,195.95M 1,317.65M 2,452.43M 1,371.00M 659.67M 394.59M 299.06M 296.97M 242.29M 295.03M 182.37M 221.94M 239.48M 245.37M 326.68M
(-) Cash & Equivalents 575.70M 461.29M 466.90M 535.20M 434.70M 384.84M 298.34M 303.38M 344.21M 308.01M 245.90M 237.02M 282.80M 250.51M 253.21M 182.39M 165.72M 146.99M 107.55M 70.07M 43.63M 34.38M 27.49M 24.35M 18.36M 17.57M 8.98M 4.93M 3.23M 3.24M 2.40M
(+) Total Debt 1,848.92M 1,433.91M 1,456.23M 1,499.72M 1,432.76M 1,445.71M 1,190.57M 1,212.41M 1,163.24M 1,060.25M 1,032.34M 1,067.34M 877.41M 649.93M 557.55M 473.44M 368.84M 347.48M 296.60M 207.32M 162.04M 104.52M 76.93M 65.07M 43.29M 30.12M 24.60M 20.53M 9.93M 9.68M 11.82M
Enterprise Value 7,777,543,231.92 5,790,890,193.68 6,326,099,179.88 6,249,247,426.62 6,830,932,540.88 5,236,571,251.61 4,916,752,008.13 4,316,600,298.21 4,719,921,206.92 3,985,963,003.37 3,556,138,106.51 3,705,676,166.73 3,190,455,239.03 3,681,807,287.82 3,335,041,261.74 3,711,435,669.81 2,478,233,732.69 2,087,585,089.46 2,741,611,281.12 1,407,040,848.53 891,258,298.84 507,150,078.94 402,774,420.53 345,538,504.87 276,866,023.47 334,711,229.29 232,858,483.61 260,196,635.18 249,123,054.23 253,747,201.78 339,201,884.60

Industry Income Statement

Metric TTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue 5,302.42M 4,730.77M 4,706.20M 5,101.05M 4,452.53M 3,419.99M 3,336.69M 2,950.16M 2,553.19M 2,164.86M 2,230.68M 2,574.91M 2,310.72M 2,273.72M 2,034.15M 1,582.92M 1,109.37M 1,350.25M 1,107.10M 872.26M 609.71M 308.16M 253.97M 197.16M 143.83M 92.79M 41.76M 36.28M 41.29M 29.18M 52.41M
Cost of Revenue 4,204.03M 3,255.94M 3,724.93M 3,395.23M 3,016.91M 2,458.04M 2,266.70M 2,193.26M 1,790.23M 1,594.68M 1,661.14M 1,737.84M 1,725.81M 1,654.87M 1,285.48M 1,062.92M 847.21M 939.91M 720.14M 576.72M 373.27M 242.39M 132.91M 115.00M 102.97M 36.11M 22.26M 22.54M 9.22M 6.94M 15.00M
Gross Profit 1,098.39M 1,474.83M 981.27M 1,705.82M 1,435.62M 961.95M 1,070.00M 756.90M 762.95M 570.18M 569.55M 837.06M 584.90M 618.85M 748.67M 520.00M 262.16M 410.34M 386.96M 295.54M 236.44M 65.78M 121.06M 82.16M 40.86M 56.68M 19.50M 13.73M 32.06M 22.25M 37.41M
Gross Margin 20.7% 31.2% 20.9% 33.4% 32.2% 28.1% 32.1% 25.7% 29.9% 26.3% 25.5% 32.5% 25.3% 27.2% 36.8% 32.9% 23.6% 30.4% 35.0% 33.9% 38.8% 21.3% 47.7% 41.7% 28.4% 61.1% 46.7% 37.9% 77.7% 76.2% 71.4%
R&D Expenses 20.83M 19.52M 20.93M 19.63M 17.14M 12.50M 10.25M 9.19M 7.47M 7.71M 6.92M 6.51M 6.06M 3.80M 1.29M 0.60M 0.00M 0.07M 0.00M 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 184.63M 173.38M 189.41M 178.20M 164.69M 136.61M 141.73M 121.81M 116.12M 118.08M 113.71M 119.94M 116.87M 87.53M 65.54M 51.89M 44.28M 53.84M 43.32M 34.44M 30.22M 14.55M 15.85M 12.23M 9.38M 3.85M 2.45M 1.90M 1.19M 1.16M 1.05M
Operating Expenses 205.46M 192.90M 210.34M 197.83M 181.84M 149.11M 151.97M 131.00M 123.59M 125.79M 120.63M 126.45M 122.93M 91.32M 66.82M 52.49M 44.28M 53.91M 43.32M 34.44M 30.22M 14.55M 15.85M 12.23M 9.38M 3.85M 2.45M 1.90M 1.19M 1.16M 1.05M
Operating Income 892.93M 1,281.93M 770.93M 1,508.00M 1,253.78M 812.84M 918.02M 625.90M 639.37M 444.39M 448.92M 710.61M 461.97M 527.52M 681.85M 467.51M 217.88M 356.43M 343.64M 261.10M 206.22M 51.22M 105.21M 69.93M 31.48M 52.83M 17.05M 11.83M 30.88M 21.08M 36.36M
Operating Margin 16.8% 27.1% 16.4% 29.6% 28.2% 23.8% 27.5% 21.2% 25.0% 20.5% 20.1% 27.6% 20.0% 23.2% 33.5% 29.5% 19.6% 26.4% 31.0% 29.9% 33.8% 16.6% 41.4% 35.5% 21.9% 56.9% 40.8% 32.6% 74.8% 72.2% 69.4%
Interest Income 13.09M 21.59M 20.41M 10.97M 4.98M 6.95M 9.64M 8.72M 5.94M 5.77M 5.52M 5.60M 5.31M 5.18M 3.36M 2.80M 2.66M 5.53M 2.12M 1.12M 0.53M 0.26M 0.24M 0.17M 0.14M 0.08M 0.00M 0.00M 0.00M 0.00M 0.00M
Interest Expense 86.91M 82.79M 70.16M 57.56M 54.62M 59.86M 59.01M 49.11M 44.99M 41.68M 39.64M 40.11M 35.09M 31.63M 29.94M 28.14M 22.62M 26.35M 11.29M 5.97M 3.91M 3.03M 1.53M 1.83M 0.98M 0.54M 0.31M 0.25M 0.13M 0.15M 0.20M
Net Interest Income -73.82M -61.19M -49.75M -46.59M -49.64M -52.91M -49.37M -40.39M -39.05M -35.91M -34.11M -34.51M -29.78M -26.45M -26.58M -25.34M -19.96M -20.82M -9.17M -4.85M -3.38M -2.77M -1.29M -1.66M -0.84M -0.46M -0.31M -0.25M -0.13M -0.15M -0.20M
Other Income / Expense -441.72M -994.76M -253.04M -852.64M -773.92M -628.85M -688.77M -318.54M -363.79M -318.42M -357.73M -514.01M -258.87M -346.77M -431.46M -308.65M -118.55M -227.01M -159.26M -158.89M -155.18M -27.08M -99.18M -65.10M -26.23M -47.31M -14.04M -8.69M -27.96M -17.97M -31.26M
Pre-Tax Income 377.39M 225.98M 468.14M 608.77M 430.23M 131.08M 179.88M 266.96M 236.53M 90.06M 57.08M 162.10M 173.33M 154.30M 223.80M 133.52M 79.37M 108.60M 175.22M 97.35M 47.66M 21.38M 4.74M 3.17M 4.40M 5.06M 2.70M 2.89M 2.79M 2.97M 4.91M
Pre-Tax Margin 7.1% 4.8% 9.9% 11.9% 9.7% 3.8% 5.4% 9.0% 9.3% 4.2% 2.6% 6.3% 7.5% 6.8% 11.0% 8.4% 7.2% 8.0% 15.8% 11.2% 7.8% 6.9% 1.9% 1.6% 3.1% 5.5% 6.5% 8.0% 6.8% 10.2% 9.4%
Income Tax Expense 82.29M 83.19M 118.69M 152.65M 109.59M 28.27M 58.25M 71.70M 64.67M 31.09M 39.93M 48.31M 48.35M 43.35M 52.11M 24.76M 20.72M 29.09M 39.82M 20.07M 13.06M 8.09M 1.23M 1.67M 0.64M 1.07M 0.55M 0.90M 0.79M 1.49M 1.34M
Tax Rate 21.8% 35.0% 25.4% 25.1% 25.5% 21.6% 32.4% 26.9% 27.3% 34.5% 35.0% 29.8% 27.9% 28.1% 23.3% 18.5% 26.1% 26.8% 22.7% 20.6% 27.4% 35.0% 25.9% 35.0% 14.5% 21.1% 20.4% 31.0% 28.5% 35.0% 27.3%
Net Income 295.10M 142.80M 349.45M 456.12M 320.65M 102.81M 121.62M 195.26M 171.85M 58.97M 17.15M 113.78M 124.97M 110.95M 171.70M 108.76M 58.65M 79.51M 135.39M 77.29M 34.60M 13.29M 3.51M 1.50M 3.76M 3.99M 2.15M 2.00M 2.00M 1.48M 3.56M
Net Margin 5.6% 3.0% 7.4% 8.9% 7.2% 3.0% 3.6% 6.6% 6.7% 2.7% 0.8% 4.4% 5.4% 4.9% 8.4% 6.9% 5.3% 5.9% 12.2% 8.9% 5.7% 4.3% 1.4% 0.8% 2.6% 4.3% 5.2% 5.5% 4.8% 5.1% 6.8%
EBIT 892.93M 1,281.93M 770.93M 1,508.00M 1,253.78M 812.84M 918.02M 625.90M 639.37M 444.39M 448.92M 710.61M 461.97M 527.52M 681.85M 467.51M 217.88M 356.43M 343.64M 261.10M 206.22M 51.22M 105.21M 69.93M 31.48M 52.83M 17.05M 11.83M 30.88M 21.08M 36.36M
Depreciation & Amortization 236.84M 256.30M 230.56M 212.88M 205.10M 208.02M 185.60M 150.42M 143.39M 119.17M 130.08M 133.63M 101.96M 73.62M 67.83M 58.43M 51.22M 55.28M 37.98M 26.88M 21.41M 13.12M 12.31M 10.98M 5.89M 3.94M 1.69M 1.38M 1.74M 1.37M 2.17M
EBITDA 1,129.76M 1,538.23M 1,001.49M 1,720.88M 1,458.88M 1,020.86M 1,103.63M 776.31M 782.76M 563.55M 578.99M 844.25M 563.94M 601.15M 749.67M 525.94M 269.10M 411.72M 381.62M 287.97M 227.63M 64.35M 117.52M 80.91M 37.36M 56.77M 18.74M 13.21M 32.62M 22.45M 38.53M
EBITDA Margin 21.3% 32.5% 21.3% 33.7% 32.8% 29.8% 33.1% 26.3% 30.7% 26.0% 26.0% 32.8% 24.4% 26.4% 36.9% 33.2% 24.3% 30.5% 34.5% 33.0% 37.3% 20.9% 46.3% 41.0% 26.0% 61.2% 44.9% 36.4% 79.0% 76.9% 73.5%
NOPAT 698.23M 833.26M 575.47M 1,129.86M 934.43M 637.52M 620.72M 457.79M 464.55M 290.99M 291.80M 498.82M 333.10M 379.32M 523.10M 380.82M 161.01M 260.95M 265.54M 207.28M 149.71M 33.30M 77.99M 45.45M 26.91M 41.70M 13.57M 8.17M 22.09M 13.70M 26.42M
NOPAT Margin 13.2% 17.6% 12.2% 22.1% 21.0% 18.6% 18.6% 15.5% 18.2% 13.4% 13.1% 19.4% 14.4% 16.7% 25.7% 24.1% 14.5% 19.3% 24.0% 23.8% 24.6% 10.8% 30.7% 23.1% 18.7% 44.9% 32.5% 22.5% 53.5% 47.0% 50.4%
Owner's Earnings 531.94M 399.09M 580.01M 669.00M 525.74M 310.83M 307.23M 345.68M 315.24M 178.13M 147.22M 247.42M 226.94M 184.57M 239.53M 167.19M 109.88M 134.79M 173.37M 104.17M 56.01M 26.42M 15.82M 12.48M 9.65M 7.93M 3.84M 3.37M 3.74M 2.84M 5.73M
Owner's Earnings Margin 10.0% 8.4% 12.3% 13.1% 11.8% 9.1% 9.2% 11.7% 12.3% 8.2% 6.6% 9.6% 9.8% 8.1% 11.8% 10.6% 9.9% 10.0% 15.7% 11.9% 9.2% 8.6% 6.2% 6.3% 6.7% 8.5% 9.2% 9.3% 9.1% 9.7% 10.9%
EPS 0.23 0.10 0.25 0.34 0.24 0.08 0.10 0.17 0.15 0.06 0.02 0.13 0.12 0.13 0.19 0.13 0.07 0.10 0.21 0.14 0.07 0.03 0.01 0.00 0.01 0.02 0.01 0.01 0.01 0.01 0.02
EPS (Diluted) 0.23 0.10 0.25 0.34 0.24 0.08 0.10 0.17 0.15 0.06 0.02 0.13 0.12 0.13 0.19 0.13 0.07 0.10 0.21 0.14 0.07 0.03 0.01 0.00 0.01 0.02 0.01 0.01 0.01 0.01 0.02
Shares (Diluted) 1,306.97M 1,381.80M 1,377.10M 1,351.72M 1,345.93M 1,271.36M 1,195.98M 1,162.23M 1,153.33M 1,006.82M 918.80M 880.10M 1,031.86M 846.92M 914.17M 849.56M 812.58M 774.89M 648.52M 565.81M 468.61M 420.82M 318.32M 310.86M 274.03M 174.02M 172.86M 162.08M 137.60M 151.89M 198.73M

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 546.90M 461.29M 466.90M 535.20M 434.70M 385.29M 298.28M 303.38M 344.21M 308.01M 245.90M 237.02M 285.88M 250.51M 253.21M 182.39M 165.72M 146.99M 108.51M 70.07M 44.03M 34.72M 27.77M 24.59M 18.74M 18.32M 9.35M 5.16M 3.49M 3.24M 3.69M
Short-Term Investments 49.24M 93.78M 117.91M 93.42M 119.34M 90.69M 41.84M 60.51M 61.36M 75.57M 99.84M 61.14M 35.29M 50.80M 19.94M 24.06M 25.55M 26.90M 21.61M 7.79M 9.07M 3.87M 0.84M 0.63M 0.17M 0.23M 0.18M 0.38M 0.13M 0.05M 0.06M
Cash & Short-Term Investments 596.14M 555.07M 584.81M 628.62M 554.04M 475.98M 340.12M 363.89M 405.57M 383.58M 345.73M 298.16M 321.17M 301.31M 273.15M 206.45M 191.27M 173.89M 130.12M 77.86M 53.10M 38.59M 28.61M 25.23M 18.91M 18.55M 9.53M 5.54M 3.62M 3.30M 3.75M
Net Receivables 551.37M 465.20M 440.00M 467.86M 395.35M 328.44M 312.51M 315.03M 295.06M 240.80M 254.12M 239.10M 228.38M 174.31M 145.45M 133.19M 129.31M 101.04M 79.55M 79.61M 56.89M 24.83M 9.05M 13.48M 11.33M 2.80M 1.65M 3.05M 2.13M 4.76M 4.05M
Inventory 994.52M 861.52M 832.39M 819.19M 688.64M 561.82M 552.61M 520.00M 452.88M 371.06M 364.00M 415.94M 371.08M 377.40M 300.83M 247.95M 219.52M 198.38M 189.07M 144.15M 97.01M 58.53M 53.10M 31.77M 26.70M 22.56M 12.54M 12.34M 5.37M 5.03M 8.57M
Other Current Assets 113.51M 86.39M 138.36M 144.77M 96.56M 87.88M 98.47M 134.89M 115.18M 87.56M 93.04M 89.26M 76.95M 60.47M 42.79M 32.17M 36.76M 33.84M 26.56M 15.45M 16.11M 11.15M 13.21M 6.93M 4.91M 9.54M 7.83M 7.84M 5.22M 4.51M 3.14M
Total Current Assets 2,255.54M 1,968.17M 1,995.56M 2,060.43M 1,734.60M 1,454.11M 1,303.71M 1,333.80M 1,268.69M 1,083.01M 1,056.89M 1,042.46M 997.58M 913.49M 762.21M 619.76M 576.86M 507.16M 425.29M 317.07M 223.12M 133.10M 103.96M 77.41M 61.85M 53.45M 31.56M 28.77M 16.33M 17.59M 19.51M
Property, Plant & Equipment 2,888.29M 2,400.71M 2,448.85M 2,257.29M 2,106.47M 2,151.99M 1,573.04M 1,513.58M 1,493.98M 1,428.05M 1,424.97M 1,393.38M 968.32M 1,023.51M 744.60M 696.48M 597.21M 655.41M 399.69M 283.03M 246.71M 162.63M 170.15M 102.26M 70.06M 50.33M 40.21M 33.01M 22.87M 20.46M 35.08M
Goodwill 95.74M 73.44M 98.39M 101.21M 92.01M 122.50M 73.35M 75.75M 75.61M 80.32M 43.16M 40.79M 24.27M 38.51M 4.65M 4.43M 3.85M 1.66M 1.45M 0.25M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 277.63M 166.30M 169.53M 173.93M 166.15M 157.98M 148.17M 112.05M 80.64M 73.26M 89.45M 86.45M 73.93M 62.76M 75.07M 64.65M 65.48M 37.87M 30.90M 13.97M 7.41M 3.23M 3.33M 1.13M 0.39M 0.44M 0.33M 0.29M 0.09M 0.00M 0.04M
Long-Term Investments 248.22M 267.84M 224.99M 202.41M 197.11M 158.89M 185.29M 165.64M 108.85M 128.08M 135.57M 128.59M 83.32M 83.23M 92.48M 60.03M 68.01M 17.54M 8.67M 2.71M 1.32M 0.28M 0.09M 0.04M 0.03M 0.00M 0.00M 0.02M 0.00M 0.00M 0.01M
Tax Assets 49.34M 52.87M 44.63M 56.58M 64.53M 66.11M 55.09M 52.04M 52.30M 59.82M 27.83M 37.68M 18.70M 22.07M 13.67M 13.25M 11.76M 10.56M 4.70M 4.06M 1.10M 0.54M 0.43M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 227.25M 185.02M 210.55M 173.54M 146.05M 144.20M 111.24M 116.09M 117.44M 111.84M 93.37M 72.96M 83.32M 58.08M 54.32M 48.21M 37.17M 41.39M 42.12M 20.11M 25.91M 14.82M 13.89M 13.78M 8.75M 3.92M 1.75M 1.73M 2.45M 0.31M 0.47M
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 3,786.47M 3,146.18M 3,196.93M 2,964.95M 2,772.31M 2,801.67M 2,146.17M 2,035.16M 1,928.83M 1,881.38M 1,814.36M 1,759.86M 1,251.86M 1,288.17M 984.80M 887.04M 783.48M 764.44M 487.53M 324.13M 282.44M 181.50M 187.89M 117.21M 79.23M 54.69M 42.29M 35.05M 25.41M 20.77M 35.60M
Total Assets 6,042.01M 5,114.35M 5,192.49M 5,025.38M 4,506.91M 4,255.77M 3,449.88M 3,368.96M 3,197.51M 2,964.39M 2,871.25M 2,802.32M 2,249.44M 2,201.65M 1,747.01M 1,506.80M 1,360.34M 1,271.59M 912.83M 641.20M 505.56M 314.60M 291.86M 194.62M 141.08M 108.15M 73.85M 63.83M 41.74M 38.36M 55.11M
Accounts Payable 497.68M 444.52M 507.52M 469.91M 423.74M 291.04M 319.44M 283.56M 236.28M 204.50M 208.50M 208.41M 185.11M 178.19M 148.10M 143.79M 106.40M 112.43M 74.58M 61.24M 52.27M 21.40M 19.02M 12.85M 5.62M 7.76M 4.26M 4.12M 3.20M 2.86M 3.70M
Short-Term Debt 597.92M 311.27M 340.62M 342.44M 352.61M 249.61M 287.25M 264.77M 282.18M 230.42M 200.43M 231.47M 226.00M 166.38M 145.49M 125.03M 97.16M 113.80M 87.55M 68.59M 47.25M 41.88M 20.32M 21.76M 17.65M 10.99M 6.91M 3.76M 2.38M 1.78M 1.75M
Tax Payables 0.00M 25.86M 45.16M 52.74M 49.67M 29.60M 22.30M 23.40M 26.00M 13.88M 12.35M 14.62M 11.38M 9.48M 19.25M 8.36M 5.19M 10.26M 5.46M 5.96M 2.99M 0.96M 0.31M 0.03M 0.04M 0.04M 0.07M 0.06M 0.00M 0.00M 0.00M
Deferred Revenue 34.66M 0.00M 12.22M 31.69M 85.29M 61.44M 49.05M 21.54M 59.22M 48.48M 42.27M 37.23M 33.24M 30.40M 36.12M 21.21M 21.98M 20.75M 16.82M 11.34M 5.82M 4.28M 2.49M 1.84M 1.49M 1.25M 0.92M 0.62M 0.22M 0.03M 0.01M
Other Current Liabilities 275.34M 263.76M 257.17M 226.39M 170.54M 122.70M 148.84M 139.83M 115.90M 115.43M 112.61M 121.72M 105.00M 124.80M 99.21M 75.44M 55.26M 44.79M 47.77M 47.77M 25.07M 14.04M 7.64M 3.41M 2.84M 2.43M 2.87M 2.39M 0.72M 0.95M 1.11M
Total Current Liabilities 1,405.60M 1,045.40M 1,162.69M 1,123.17M 1,081.84M 754.39M 826.88M 733.09M 719.59M 612.70M 576.16M 613.45M 560.74M 509.24M 448.17M 373.84M 285.99M 302.04M 232.18M 194.89M 133.39M 82.57M 49.78M 39.90M 27.64M 22.47M 15.03M 10.95M 6.52M 5.62M 6.57M
Long-Term Debt 1,086.30M 992.35M 1,061.73M 991.84M 816.80M 940.21M 733.68M 741.76M 753.51M 663.47M 681.31M 696.33M 532.62M 435.00M 285.63M 266.21M 201.46M 192.13M 146.87M 97.73M 76.46M 62.56M 34.36M 18.41M 16.48M 15.61M 11.00M 6.87M 3.09M 3.65M 4.98M
Capital Lease Obligations 0.00M 78.58M 87.61M 78.68M 71.93M 73.11M 53.36M 15.49M 10.93M 9.57M 5.34M 4.33M 3.47M 0.32M 0.01M 0.00M 0.00M 0.00M 0.00M 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 82.04M 63.46M 63.84M 85.26M 78.41M 81.30M 80.45M 84.28M 77.45M 65.05M 56.96M 43.42M 44.13M 48.39M 38.45M 23.33M 23.59M 20.62M 19.31M 9.19M 8.23M 0.65M 0.82M 0.24M 0.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.03M
Other Non-Current Liabilities 321.41M 290.88M 242.00M 207.56M 227.38M 217.12M 161.94M 161.03M 156.88M 130.93M 115.16M 161.69M 123.70M 104.13M 69.93M 64.25M 44.11M 52.08M 48.01M 26.63M 23.90M 10.71M 11.42M 11.67M 3.33M 1.08M 0.82M 0.93M 0.20M 0.26M 1.84M
Total Non-Current Liabilities 1,489.75M 1,425.27M 1,455.17M 1,363.33M 1,194.52M 1,311.73M 1,029.43M 1,002.56M 998.78M 869.02M 858.77M 905.77M 703.92M 587.83M 394.03M 353.79M 269.16M 264.82M 214.19M 133.55M 108.59M 73.93M 46.60M 30.32M 19.89M 16.70M 11.82M 7.80M 3.29M 3.91M 6.86M
Total Liabilities 2,895.35M 2,470.68M 2,617.86M 2,486.50M 2,276.36M 2,066.13M 1,856.31M 1,735.65M 1,718.37M 1,481.72M 1,434.92M 1,519.22M 1,264.66M 1,097.07M 842.20M 727.62M 555.16M 566.86M 446.37M 328.44M 241.99M 156.50M 96.38M 70.22M 47.54M 39.17M 26.85M 18.75M 9.81M 9.53M 13.42M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.01M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 217.27M 290.02M 301.72M 304.13M 282.48M 266.39M 246.42M 243.55M 230.82M 225.71M 210.05M 183.77M 168.85M 136.10M 102.57M 95.62M 84.68M 82.72M 69.01M 52.45M 48.80M 36.99M 34.66M 29.73M 22.72M 15.36M 12.08M 9.45M 9.93M 7.68M 9.83M
Retained Earnings 1,426.75M 1,230.97M 1,270.42M 1,208.39M 826.80M 843.50M 858.18M 841.18M 756.00M 664.35M 817.72M 791.16M 704.91M 411.37M 286.12M 320.16M 231.95M 184.26M 161.37M 91.94M 51.42M 23.03M 12.37M 15.58M 9.15M 2.29M 2.55M 1.30M -1.27M -0.89M 0.73M
Accumulated OCI 383.03M 88.44M 34.68M 58.86M 60.24M 10.48M 16.99M -22.92M 6.98M 2.11M 14.54M -16.57M 2.07M -1.69M -1.04M 0.00M -2.98M -0.12M 0.00M 0.00M 0.00M 0.00M 0.00M -0.01M -0.03M -0.02M -0.01M 0.12M 0.48M 0.51M 0.92M
Minority Interest 192.68M 117.79M 121.58M 131.91M 114.61M 105.54M 108.37M 93.32M 69.89M 65.40M 58.68M 66.44M 45.92M 39.23M 27.80M 22.61M 24.50M 23.27M 17.59M 9.98M 6.71M 4.21M 3.90M 1.18M 0.55M 0.76M 0.08M 0.07M 0.00M 0.00M 0.01M
Total Shareholders’ Equity 2,027.05M 1,609.43M 1,606.82M 1,571.39M 1,169.52M 1,120.37M 1,121.58M 1,061.82M 993.80M 892.18M 1,042.31M 958.37M 875.83M 545.78M 387.65M 415.78M 313.64M 266.86M 230.38M 144.38M 100.22M 60.01M 47.02M 45.30M 31.85M 17.63M 14.62M 10.88M 9.14M 7.30M 11.48M
Total Equity 2,219.73M 1,727.23M 1,728.40M 1,703.30M 1,284.13M 1,225.90M 1,229.95M 1,155.14M 1,063.70M 957.57M 1,100.99M 1,024.81M 921.75M 585.01M 415.45M 438.40M 338.14M 290.13M 247.97M 154.36M 106.93M 64.23M 50.93M 46.48M 32.40M 18.39M 14.71M 10.94M 9.14M 7.30M 11.49M
Total Liabilities & Equity 5,115.08M 4,197.90M 4,346.27M 4,189.80M 3,560.49M 3,292.03M 3,086.26M 2,890.79M 2,782.07M 2,439.29M 2,535.91M 2,544.02M 2,186.40M 1,682.08M 1,257.65M 1,166.02M 893.30M 856.99M 694.34M 482.81M 348.92M 220.73M 147.30M 116.70M 79.93M 57.56M 41.56M 29.70M 18.95M 16.83M 24.91M
Tangible Assets 5,668.64M 4,874.62M 4,924.58M 4,750.24M 4,248.76M 3,975.30M 3,228.36M 3,181.16M 3,041.26M 2,810.81M 2,738.64M 2,675.08M 2,151.24M 2,100.39M 1,667.29M 1,437.73M 1,291.02M 1,232.06M 880.48M 626.98M 498.15M 311.37M 288.52M 193.48M 140.69M 107.70M 73.53M 63.53M 41.65M 38.36M 55.07M
Tangible Equity 1,846.36M 1,487.49M 1,460.49M 1,428.16M 1,025.98M 945.43M 1,008.44M 967.34M 907.44M 803.99M 968.38M 897.57M 823.55M 483.74M 335.73M 369.32M 268.82M 250.59M 215.62M 140.14M 99.52M 61.00M 47.59M 45.34M 32.00M 17.95M 14.38M 10.65M 9.06M 7.30M 11.45M
Tangible Book Value 1,846,358,966.44 1,487,492,885.92 1,460,487,488.02 1,428,163,042.69 1,025,977,289.47 945,426,774.93 1,008,436,588.14 967,338,332.39 907,444,340.87 803,993,496.46 968,377,605.96 897,566,122.47 823,545,614.01 483,741,590.51 335,728,625.89 369,324,800.21 268,816,889.34 250,594,762.13 215,617,867.63 140,142,512.18 99,519,325.65 60,997,991.82 47,594,271.31 45,344,925.40 32,003,292.15 17,947,689.41 14,382,594.20 10,649,280.29 9,056,527.49 7,302,869.16 11,450,386.86
Total Investments 340.10M 374.23M 310.49M 280.75M 241.40M 210.74M 209.05M 203.08M 184.49M 181.61M 183.63M 147.36M 111.22M 107.84M 133.91M 102.73M 82.38M 61.56M 46.23M 19.87M 10.94M 7.65M 3.57M 2.87M 1.67M 0.73M 0.35M 0.22M 0.07M 0.03M 0.07M
Net Debt 1,137.32M 842.33M 935.45M 799.08M 734.72M 804.53M 722.65M 703.15M 691.49M 585.88M 635.85M 690.78M 472.74M 350.86M 177.92M 208.85M 132.91M 158.93M 125.92M 96.25M 79.69M 69.73M 26.91M 15.58M 15.39M 8.29M 8.56M 5.48M 1.98M 2.18M 3.04M

Industry Capital Metrics

Metric MRQ 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Working Capital 1,054.09M 799.89M 700.68M 1,007.65M 847.02M 644.19M 388.97M 507.41M 532.95M 401.75M 406.57M 438.28M 434.31M 463.82M 373.04M 297.96M 272.95M 254.55M 199.68M 94.75M 68.51M 73.84M 58.01M 34.59M 30.09M 42.17M 38.24M 28.15M 7.84M 5.74M 9.70M
Total Capital 4,803.51M 3,926.45M 4,085.87M 4,108.97M 3,638.14M 3,436.83M 2,988.64M 3,105.29M 2,919.08M 2,654.61M 2,489.65M 2,575.33M 2,124.46M 1,761.72M 1,489.91M 1,283.67M 983.52M 916.95M 862.17M 545.67M 432.02M 271.50M 236.79M 215.40M 154.52M 105.37M 82.53M 58.90M 41.85M 31.62M 44.67M
Capital Employed 6,296.53M 5,606.36M 5,270.93M 4,803.03M 4,467.48M 4,312.09M 3,641.40M 3,563.59M 3,560.11M 3,050.37M 2,994.54M 2,864.94M 2,530.99M 2,184.15M 1,534.40M 1,432.81M 1,153.41M 1,089.28M 919.83M 550.79M 408.44M 288.60M 323.67M 310.10M 149.12M 127.18M 91.49M 63.56M 37.04M 38.80M 53.78M
Invested Capital 4,256.61M 3,465.16M 3,618.97M 3,573.77M 3,203.45M 3,051.55M 2,690.35M 2,801.91M 2,574.87M 2,346.60M 2,243.75M 2,338.31M 1,838.58M 1,511.21M 1,236.70M 1,101.28M 817.80M 769.96M 753.66M 475.60M 388.00M 236.78M 209.02M 190.80M 135.79M 87.06M 73.17M 53.74M 38.37M 28.38M 40.98M

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 144.13M 221.91M 230.06M 212.24M 207.33M 205.12M 190.29M 169.90M 165.35M 124.01M 126.50M 139.06M 114.59M 81.30M 58.61M 55.24M 50.35M 53.93M 36.77M 26.20M 18.08M 10.67M 11.11M 10.98M 5.87M 4.26M 3.29M 1.38M 1.01M 1.72M 4.17M
Deferred Income Tax 0.00M 0.00M -0.32M -6.07M -0.91M -5.64M 0.20M 1.98M 1.25M -1.58M 0.19M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 1.42M 1.74M 3.09M 7.23M 5.47M 2.33M 2.75M 3.28M 2.03M 1.22M 1.98M 1.62M 1.50M 0.85M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -43.55M -41.79M -17.18M -151.77M -109.21M -9.60M -14.75M -64.43M -53.25M -11.07M 5.74M -26.98M -7.76M -15.28M -48.74M -22.06M -0.23M -6.48M -24.45M -27.64M -5.52M -5.33M -0.23M 0.25M -1.18M -0.23M -0.93M -0.54M -0.02M -0.02M 0.00M
Accounts Receivable -8.25M -1.35M 24.41M -30.07M -70.62M -11.14M -4.83M -21.69M -36.00M -13.57M 16.08M -2.47M 5.04M -0.83M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -16.89M -23.83M 12.33M -89.11M -89.79M 1.37M -8.58M -49.42M -58.74M 9.56M 9.69M -18.75M 0.61M -2.22M -32.71M -26.68M -2.78M -1.49M -12.20M -17.83M -7.53M -3.74M -0.36M -0.02M -0.72M -0.28M -0.86M -0.06M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 8.15M -9.94M 23.26M 71.69M 4.13M 1.67M 13.87M 15.44M 9.80M -6.86M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 7.25M -11.16M -21.64M -24.02M 1.31M -2.65M -6.70M -9.73M -13.99M 0.58M -19.37M -11.57M -15.65M -13.11M -8.29M 2.85M 2.21M -5.24M -8.89M -2.67M 3.42M 1.22M 0.17M 0.21M -0.43M 0.48M -0.32M -1.00M 0.00M 0.00M 0.00M
Other Non-Cash Items 138.78M 109.42M 80.44M 68.97M 59.72M 98.43M 34.84M 51.59M 39.17M 33.17M 44.50M 33.98M 27.00M 20.47M 10.73M 8.73M -10.14M 18.45M 4.43M 1.87M 5.02M 2.98M 1.35M 2.14M 1.73M 0.78M 0.42M 0.77M 0.07M 0.41M 0.50M
Net Cash from Operating Activities 462.81M 581.06M 688.76M 608.18M 578.45M 416.54M 374.66M 369.70M 310.04M 250.97M 268.53M 281.32M 255.05M 208.04M 200.01M 140.48M 104.06M 154.60M 141.47M 59.34M 61.41M 25.53M 15.76M 20.01M 6.38M 7.06M 2.49M 1.77M 2.38M 1.99M 5.87M
Capital Expenditures (PPE) -271.01M -308.13M -351.51M -254.37M -211.06M -197.37M -191.96M -190.11M -155.87M -110.68M -143.33M -155.32M -144.62M -156.73M -115.56M -99.81M -96.21M -92.30M -76.04M -50.89M -43.36M -25.21M -16.63M -16.78M -11.70M -7.70M -6.73M -4.50M -4.41M -5.39M -7.37M
Acquisitions (Net) -0.42M -2.50M -4.14M -7.45M -3.29M -5.38M -5.40M -2.93M -2.09M -1.69M -0.79M -0.60M -1.26M -2.24M -2.69M -2.44M -0.57M 0.90M -2.00M 0.12M 0.02M 0.06M 0.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -14.07M -40.15M -55.15M -46.38M -29.19M -27.01M -38.25M -25.46M -24.91M -18.30M -20.29M -10.77M -9.36M -5.10M -21.34M -14.63M -8.30M -26.10M -22.13M -4.57M -2.20M -1.26M -0.70M -0.70M -0.46M -0.13M -0.02M -0.05M -0.09M -0.05M -0.07M
Sales / Maturities of Investments 16.38M 51.51M 35.34M 42.52M 40.20M 31.91M 37.93M 23.73M 30.00M 36.48M 18.98M 11.12M 6.20M 3.07M 4.83M 3.98M 4.17M 10.99M 5.29M 1.46M 1.05M 1.03M 0.14M 0.09M 0.17M 0.09M 0.02M 0.00M 0.02M 0.07M 0.07M
Other Investing Activities -5.29M 4.89M 5.55M 4.97M -4.82M -3.14M 3.93M 6.60M 2.44M 3.48M 1.51M 5.70M 0.09M 3.59M 1.44M 2.52M 3.43M 3.20M 1.63M 0.25M 1.66M -0.87M -0.12M -0.59M -0.06M -0.07M -0.01M -0.15M -0.20M 0.14M 0.00M
Net Cash from Investing Activities -312.94M -324.57M -394.86M -307.65M -252.18M -209.50M -215.69M -188.87M -206.46M -133.46M -166.94M -173.58M -241.63M -204.14M -153.77M -132.62M -99.79M -111.35M -103.55M -53.21M -38.88M -33.19M -16.14M -15.03M -9.68M -9.07M -6.74M -5.84M -4.87M -5.09M -5.86M
Net Debt Issuance 24.00M 15.31M 18.46M -32.30M -48.97M -0.31M -13.70M -23.75M 9.46M -11.15M 7.55M 0.62M 36.27M 46.83M 17.67M 26.12M 12.19M 11.93M 15.94M 9.30M 1.45M -0.78M 0.92M 0.37M 1.43M 0.20M 0.67M 0.11M -0.02M 0.18M -0.11M
Long-Term Debt Issuance 21.63M 17.86M 33.60M -18.51M -29.69M 20.52M -14.72M -3.64M 2.46M -8.66M 8.05M 2.56M 46.37M 42.87M 24.17M 25.31M 21.80M 24.42M 8.32M 7.86M 0.64M 2.33M 1.66M -0.22M 0.98M 0.07M -0.02M 0.10M -0.02M 0.09M 0.01M
Short-Term Debt Issuance 8.79M 0.00M -0.26M -1.10M 0.12M -4.74M 0.00M 0.00M 0.00M -0.37M 0.00M 0.00M 0.00M 0.00M -0.89M 0.00M -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 0.00M 0.00M
Net Stock Issuance -0.49M -4.41M -7.45M -16.24M -6.68M -1.58M -3.83M -3.82M 0.00M 0.00M -1.44M -0.81M 0.00M 0.00M 0.25M 0.61M 0.06M -0.16M 0.38M 0.03M 0.08M 1.39M 0.17M 0.14M 0.12M 0.09M 0.10M 0.12M 1.80M 1.26M 0.78M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.68M 0.00M 0.00M 0.00M 0.26M 0.00M 0.00M 0.00M 0.02M 0.00M 1.90M 3.02M 0.85M 1.11M 2.23M 1.90M 1.06M 1.48M 0.36M 0.21M 0.24M 0.28M 0.38M 0.22M 2.42M 2.21M 1.72M
Common Stock Repurchased -0.51M -4.78M -10.30M -20.27M -18.94M -2.96M -7.98M -5.66M -0.16M 0.00M -2.75M -0.83M 0.00M -0.02M -0.21M 0.00M 0.00M -0.88M -0.01M -0.01M 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 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 -72.88M -125.47M -141.11M -99.04M -65.59M -57.68M -88.64M -82.92M -68.70M -49.96M -68.93M -66.82M -52.89M -54.32M -34.05M -19.87M -18.10M -26.74M -27.56M -15.44M -8.53M -4.63M -3.28M -2.52M -3.04M -1.60M -1.99M -1.11M -0.29M -0.37M -0.27M
Common Dividends Paid -72.49M -125.12M -137.35M -103.68M -77.62M -59.54M -90.36M -79.26M -57.56M -46.89M -76.47M -66.80M -51.25M -51.12M -33.73M -17.72M -18.70M -26.64M -25.84M -14.14M -8.22M -3.64M -3.07M -2.26M -2.39M -1.54M -1.98M -1.18M -0.37M -0.45M -0.22M
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 -40.47M -29.35M -27.21M -20.62M -27.74M -17.00M -3.91M -5.68M -2.12M 3.38M -3.67M -3.24M -1.52M -3.81M -0.51M -4.66M -1.07M 3.30M 2.80M 0.50M -1.02M 0.34M 0.45M 0.13M -0.01M 0.27M 0.03M 0.12M -0.05M 0.02M 0.02M
Net Cash from Financing Activities -117.30M -167.20M -263.11M -284.15M -218.56M -91.28M -136.35M -179.68M -61.43M -47.94M -65.44M -134.71M -21.02M -11.25M -1.08M 7.03M 5.80M -4.93M 5.89M 5.61M -10.01M 1.38M -0.11M -2.61M -1.79M 1.16M 1.71M 1.14M 1.53M 1.69M 1.28M
Effect of FX on Cash 0.08M -1.30M 0.09M 0.96M -0.29M -1.44M -0.11M -0.60M -0.75M -0.52M -0.97M -0.60M -1.16M 0.31M -0.54M 0.00M -0.14M 0.13M 0.21M -0.01M 0.03M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 88.92M 25.77M 1.46M 52.16M 57.01M 72.82M -19.57M -14.77M 25.29M 18.19M -2.23M -6.42M 14.86M -12.34M 16.95M 11.66M 8.29M 3.91M 24.33M 16.70M 1.54M 5.54M 0.11M -1.58M 0.53M 0.84M 0.42M -0.28M -0.12M 0.43M 0.09M
Cash at Beginning of Period 322.79M 405.40M 509.44M 428.86M 364.65M 285.12M 297.28M 356.04M 311.46M 226.65M 216.55M 259.07M 255.45M 241.50M 178.03M 149.62M 141.99M 143.79M 75.16M 39.92M 39.63M 22.11M 23.01M 19.10M 18.14M 9.58M 4.93M 3.25M 3.04M 1.79M 4.36M
Cash at End of Period 547.30M 443.94M 450.28M 512.48M 409.28M 371.30M 273.81M 296.82M 347.22M 310.75M 230.10M 217.87M 259.16M 257.25M 234.40M 167.82M 147.51M 143.36M 106.35M 52.80M 43.34M 33.76M 21.48M 20.90M 19.48M 16.57M 9.44M 3.49M 1.96M 1.63M 3.34M
Operating Cash Flow 462.66M 581.06M 687.99M 608.49M 578.51M 416.60M 374.66M 369.70M 310.04M 250.97M 268.53M 281.32M 255.05M 208.04M 200.01M 140.48M 104.06M 154.60M 141.47M 59.34M 61.41M 25.53M 15.76M 20.01M 6.38M 7.06M 2.49M 1.77M 2.38M 1.99M 5.87M
Capital Expenditure -273.13M -312.96M -351.43M -254.39M -211.06M -197.37M -191.96M -190.11M -155.87M -110.68M -143.33M -155.32M -144.62M -156.69M -115.43M -99.68M -96.10M -92.01M -75.82M -50.84M -43.28M -25.24M -18.43M -16.82M -11.73M -7.71M -6.79M -4.62M -4.53M -5.47M -7.55M
Free Cash Flow 206.21M 215.04M 273.72M 339.97M 342.06M 170.83M 102.38M 140.50M 147.66M 103.06M 89.29M 79.43M 57.59M 35.03M 93.03M 45.58M 10.42M 49.44M 78.34M 17.81M 16.68M -1.08M 0.96M 2.05M -0.85M 2.47M -1.46M -3.79M -2.72M -1.62M -1.61M

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 689.82M 594.63M 727.56M 874.52M 809.74M 425.67M 453.55M 556.20M 459.99M 297.91M 253.22M 325.14M 302.75M 280.14M 309.60M 251.56M 144.50M 165.27M 213.07M 149.93M 86.29M 53.62M 30.72M 27.64M 10.43M 15.36M 5.69M 5.45M 4.74M 4.12M 5.15M
(-) Tax Adjustment 150.41M 218.89M 184.46M 219.29M 206.25M 91.81M 146.88M 149.39M 125.77M 102.84M 177.14M 96.91M 84.46M 78.70M 72.08M 46.65M 37.72M 44.28M 48.43M 30.90M 23.64M 20.28M 7.95M 14.56M 1.51M 3.24M 1.16M 1.69M 1.35M 2.07M 1.41M
(-) Change In Working Capital -43.55M -41.79M -17.18M -151.77M -109.21M -9.60M -14.75M -64.43M -53.25M -11.07M 5.74M -26.98M -7.76M -15.28M -48.74M -22.06M -0.23M -6.48M -24.45M -27.64M -5.52M -5.33M -0.23M 0.25M -1.18M -0.23M -0.93M -0.54M -0.02M -0.02M 0.00M
(-) Capital Expenditure 273.13M 312.96M 351.43M 254.39M 211.06M 197.37M 191.96M 190.11M 155.87M 110.68M 143.33M 155.32M 144.62M 156.69M 115.43M 99.68M 96.10M 92.01M 75.82M 50.84M 43.28M 25.24M 18.43M 16.82M 11.73M 7.71M 6.79M 4.62M 4.53M 5.47M 7.55M
Unlevered Free Cash Flow 309.83M 104.57M 208.86M 552.61M 501.65M 146.08M 129.46M 281.13M 231.60M 95.46M -72.99M 99.89M 81.43M 60.03M 170.83M 127.29M 10.91M 35.47M 113.27M 95.82M 24.88M 13.42M 4.57M -3.99M -1.63M 4.63M -1.33M -0.32M -1.12M -3.40M -3.80M
(-) Net Interest Income After Taxes -57.72M -38.67M -37.13M -34.90M -36.99M -41.50M -33.38M -29.55M -28.37M -23.52M -10.25M -24.22M -21.47M -19.02M -20.39M -20.64M -14.75M -15.24M -7.08M -3.85M -2.45M -1.72M -0.96M -0.78M -0.72M -0.36M -0.24M -0.17M -0.09M -0.07M -0.14M
Net Debt Issuance 24.00M 15.31M 18.46M -32.30M -48.97M -0.31M -13.70M -23.75M 9.46M -11.15M 7.55M 0.62M 36.27M 46.83M 17.67M 26.12M 12.19M 11.93M 15.94M 9.30M 1.45M -0.78M 0.92M 0.37M 1.43M 0.20M 0.67M 0.11M -0.02M 0.18M -0.11M
Levered Free Cash Flow 391.55M 158.54M 264.45M 555.22M 489.67M 187.27M 149.14M 286.92M 269.43M 107.83M -55.18M 124.74M 139.18M 125.87M 208.90M 174.06M 37.86M 62.65M 136.29M 108.97M 28.78M 14.36M 6.45M -2.84M 0.53M 5.20M -0.42M -0.04M -1.05M -3.14M -3.77M