CK Hutchison Holdings Limited (0001.HK)

Industry: Conglomerates Sector: Industrials Currency Used: HK Live Price: $60.50

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Stock Price	39.45	44.55	49.95	55.85	52.38	76.03	78.80	98.33	86.23	109.30	77.19	65.35	62.33	59.39	60.66	54.55	51.38	71.02	52.24	44.73	38.88	31.30	33.20	45.55	52.05	56.03	56.03	56.03	56.03
Market Capitalization	151,095.28M	170,628.49M	191,514.06M	214,883.80M	201,970.60M	293,170.68M	303,950.71M	379,306.24M	332,779.94M	348,119.40M	178,773.14M	151,361.34M	144,354.94M	137,545.42M	140,486.95M	126,335.18M	119,004.52M	164,493.99M	120,994.11M	103,590.45M	90,052.47M	72,484.36M	76,894.34M	105,501.29M	120,097.25M	128,736.67M	128,736.67M	128,736.67M	128,032.44M
(-) Cash & Equivalents	126,451.00M	128,031.50M	125,200.00M	167,631.00M	148,049.00M	129,643.00M	139,082.50M	155,346.50M	155,338.50M	141,616.50M	29,985.50M	28,142.50M	22,569.00M	20,870.50M	55,032.50M	57,825.63M	1,793.25M	1,402.25M	945.50M	2,077.50M	1,008.25M	1,295.50M	539.00M	787.50M	1,214.50M	1,668.50M	2,156.50M	4,478.50M	2,891.50M
(+) Total Debt	335,161.00M	351,244.50M	360,562.50M	438,578.00M	455,461.50M	447,938.50M	345,866.50M	333,289.00M	322,176.50M	326,155.50M	38,737.50M	43,849.50M	46,620.00M	39,477.50M	150,354.50M	169,867.63M	10,562.25M	8,131.75M	8,620.25M	5,646.75M	5,261.50M	4,485.50M	5,468.25M	12,190.50M	10,528.00M	8,833.00M	7,529.50M	9,021.00M	8,327.50M
Enterprise Value	359,805.28M	393,841.49M	426,876.56M	485,830.80M	509,383.10M	611,466.18M	510,734.71M	557,248.74M	499,617.94M	532,658.40M	187,525.14M	167,068.34M	168,405.94M	156,152.42M	235,808.95M	238,377.18M	127,773.52M	171,223.49M	128,668.86M	107,159.70M	94,305.72M	75,674.36M	81,823.59M	116,904.29M	129,410.75M	135,901.17M	134,109.67M	133,279.17M	133,468.44M

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	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Revenue	562,679M	541,225M	281,351M	275,575M	262,497M	280,847M	266,396M	299,021M	277,129M	248,515M	259,842M	166,760M	1,562M	21,480M	21,379M	32,971M	23,983M	17,702M	12,856M	13,277M	10,951M	6,171M	12,149M	8,467M	2,445M	5,660M	5,715M	5,135M	11,865M	7,857M	13,202M
Cost of Revenue	222,804M	385,079M	110,339M	109,899M	217,239M	223,619M	213,167M	225,835M	111,853M	101,328M	101,943M	68,243M	12,980M	7,983M	9,810M	21,160M	15,113M	10,314M	6,035M	6,521M	4,908M	3,640M	10,176M	6,382M	993M	2,927M	2,738M	2,144M	0M	0M	0M
Gross Profit	339,875M	156,146M	171,012M	165,676M	45,258M	57,228M	53,229M	73,186M	165,276M	147,187M	157,899M	98,517M	-11,418M	13,497M	11,569M	11,811M	8,870M	7,388M	6,821M	6,756M	6,043M	2,531M	1,973M	2,085M	1,452M	2,733M	2,977M	2,991M	11,865M	7,857M	13,202M
Gross Profit Margin	60.4%	28.9%	60.8%	60.1%	17.2%	20.4%	20.0%	24.5%	59.6%	59.2%	60.8%	59.1%	-731.0%	62.8%	54.1%	35.8%	37.0%	41.7%	53.1%	50.9%	55.2%	41.0%	16.2%	24.6%	59.4%	48.3%	52.1%	58.2%	100.0%	100.0%	100.0%
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	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	128,987M	62,571M	65,250M	62,516M	10,171M	14,521M	13,965M	21,922M	73,603M	50,545M	52,378M	32,731M	990M	1,609M	1,607M	0M	0M	1,032M	944M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Operating Expenses	100,605M	90,953M	65,250M	62,516M	19,621M	24,548M	18,078M	20,978M	105,412M	91,244M	101,842M	45,133M	18,210M	24,451M	22,690M	2,373M	1,988M	1,704M	1,442M	1,282M	-218M	974M	-1,354M	904M	-245M	1,025M	7M	870M	-9,247M	406M	-8,491M
Operating Income (EBIT)	239,270M	65,193M	105,762M	103,160M	25,637M	32,680M	35,151M	52,208M	59,864M	55,943M	56,057M	53,384M	-29,628M	-10,954M	-11,121M	9,438M	6,882M	5,684M	5,379M	5,474M	6,261M	1,557M	3,327M	1,181M	1,697M	1,708M	2,970M	2,121M	21,112M	7,451M	21,693M
Operating Income Margin	42.5%	12.0%	37.6%	37.4%	9.8%	11.6%	13.2%	17.5%	21.6%	22.5%	21.6%	32.0%	-1,896.8%	-51.0%	-52.0%	28.6%	28.7%	32.1%	41.8%	41.2%	57.2%	25.2%	27.4%	13.9%	69.4%	30.2%	52.0%	41.3%	177.9%	94.8%	164.3%
Interest Income	0M	20,000M	0M	0M	242M	298M	0M	14,523M	10,666M	9,525M	9,594M	6,123M	642M	0M	0M	0M	146M	0M	0M	8M	0M	0M	0M	0M	1,254M	0M	1,111M	0M	0M	0M	0M
Interest Expense	26,264M	14,345M	13,392M	12,227M	9,104M	10,637M	10,887M	14,524M	10,174M	8,644M	7,444M	4,566M	414M	454M	617M	372M	398M	367M	504M	984M	589M	347M	350M	517M	650M	776M	725M	667M	4,584M	0M	0M
Net Interest Income	-26,264M	5,655M	-13,392M	-12,227M	-8,862M	-10,339M	-10,887M	-1M	492M	881M	2,150M	1,557M	228M	-454M	-617M	-372M	-252M	-367M	-504M	-976M	-589M	-347M	-350M	-517M	604M	-776M	386M	-667M	-4,584M	0M	0M
Unusual Items	-167,300M	-8,620M	-63,800M	-57,721M	35,158M	20,361M	17,435M	-7,338M	-11,158M	-10,406M	-11,744M	-7,680M	48,530M	48,902M	45,496M	39,026M	21,495M	16,635M	11,703M	24,671M	13,820M	13,254M	9,388M	8,316M	7,861M	7,546M	17,170M	57,811M	-9,206M	11,580M	-5,959M
EBT Excluding Unusual Items	213,006M	70,848M	92,370M	90,933M	16,775M	22,341M	24,264M	52,207M	60,356M	56,824M	58,207M	54,941M	-29,400M	-11,408M	-11,738M	9,066M	6,630M	5,317M	4,875M	4,498M	5,672M	1,210M	2,977M	664M	2,301M	932M	3,356M	1,454M	16,528M	7,451M	21,693M
Pre-Tax Income	45,706M	62,228M	28,570M	33,212M	51,933M	42,702M	41,699M	44,869M	49,198M	46,418M	46,463M	47,261M	19,130M	37,494M	33,758M	48,092M	28,125M	21,952M	16,578M	29,169M	19,492M	14,464M	12,365M	8,980M	10,162M	8,478M	20,526M	59,265M	7,322M	19,031M	15,734M
Pre-Tax Margin	8.1%	11.5%	10.2%	12.1%	19.8%	15.2%	15.7%	15.0%	17.8%	18.7%	17.9%	28.3%	1,224.7%	174.6%	157.9%	145.9%	117.3%	124.0%	129.0%	219.7%	178.0%	234.4%	101.8%	106.1%	415.6%	149.8%	359.2%	1,154.1%	61.7%	242.2%	119.2%
Income Tax Expense	9,651M	12,101M	4,717M	3,003M	8,274M	2,230M	4,302M	6,020M	2,618M	2,816M	4,551M	2,895M	-305M	1,522M	1,234M	1,833M	1,324M	1,644M	859M	1,197M	1,213M	259M	-107M	-837M	1,338M	1,209M	1,218M	774M	1,169M	1,320M	1,600M
Net Income	30,232M	63,072M	17,088M	23,500M	36,680M	33,484M	29,143M	39,830M	39,000M	35,100M	33,008M	38,189M	18,944M	35,260M	32,152M	46,055M	26,478M	19,886M	15,518M	27,678M	18,075M	13,995M	12,380M	9,815M	8,876M	7,291M	19,436M	59,373M	6,112M	17,602M	13,765M
Net Income Margin	5.4%	11.7%	6.1%	8.5%	14.0%	11.9%	10.9%	13.3%	14.1%	14.1%	12.7%	22.9%	1,212.8%	164.2%	150.4%	139.7%	110.4%	112.3%	120.7%	208.5%	165.1%	226.8%	101.9%	115.9%	363.0%	128.8%	340.1%	1,156.2%	51.5%	224.0%	104.3%
Depreciation & Amortization	43,573M	81,936M	21,926M	40,083M	39,788M	45,256M	41,658M	38,129M	19,315M	16,677M	15,598M	9,551M	393M	325M	340M	400M	398M	349M	284M	257M	172M	166M	101M	116M	104M	60M	57M	46M	52M	74M	216M
EBITDA	282,843M	147,129M	127,688M	143,243M	65,425M	77,936M	76,809M	90,337M	79,179M	72,620M	71,655M	62,935M	-29,235M	-10,629M	-10,781M	9,838M	7,280M	6,033M	5,663M	5,731M	6,433M	1,723M	3,428M	1,297M	1,801M	1,768M	3,027M	2,167M	21,164M	7,525M	21,909M
EBITDA Margin	50.3%	27.2%	45.4%	52.0%	24.9%	27.8%	28.8%	30.2%	28.6%	29.2%	27.6%	37.7%	-1,871.6%	-49.5%	-50.4%	29.8%	30.4%	34.1%	44.0%	43.2%	58.7%	27.9%	28.2%	15.3%	73.7%	31.2%	53.0%	42.2%	178.4%	95.8%	166.0%
NOPAT	188,747M	52,515M	88,300M	93,832M	21,552M	30,973M	31,525M	45,203M	56,678M	52,549M	50,566M	50,114M	-30,100M	-10,509M	-10,714M	9,078M	6,558M	5,258M	5,100M	5,249M	5,871M	1,529M	3,356M	1,291M	1,474M	1,464M	2,794M	2,093M	17,741M	6,934M	19,487M
NOPAT Margin	33.5%	9.7%	31.4%	34.0%	8.2%	11.0%	11.8%	15.1%	20.5%	21.1%	19.5%	30.1%	-1,927.0%	-48.9%	-50.1%	27.5%	27.3%	29.7%	39.7%	39.5%	53.6%	24.8%	27.6%	15.2%	60.3%	25.9%	48.9%	40.8%	149.5%	88.3%	147.6%
Owner's Earnings	31,824M	86,822M	18,649M	38,282M	50,616M	39,097M	41,227M	41,666M	30,775M	28,256M	28,560M	25,246M	11,470M	35,423M	32,387M	45,196M	26,732M	19,524M	14,904M	27,430M	18,247M	12,096M	11,825M	9,301M	8,326M	7,058M	19,310M	55,781M	-2,774M	17,527M	13,610M
Owner's Earnings Margin	5.7%	16.0%	6.6%	13.9%	19.3%	13.9%	15.5%	13.9%	11.1%	11.4%	11.0%	15.1%	734.3%	164.9%	151.5%	137.1%	111.5%	110.3%	115.9%	206.6%	166.6%	196.0%	97.3%	109.9%	340.5%	124.7%	337.9%	1,086.3%	-23.4%	223.1%	103.1%
EPS (Basic)	7.89	16.46	4.46	6.14	9.57	8.70	7.56	10.33	10.11	9.10	8.55	11.89	8.18	15.22	13.83	19.88	11.59	8.47	5.63	11.95	7.80	6.04	4.62	3.76	3.79	3.12	8.42	25.84	2.66	7.66	6.02
EPS (Diluted)	7.89	16.45	4.46	6.14	9.57	8.70	7.56	10.33	10.11	9.10	8.55	11.89	8.18	15.22	13.88	19.88	11.43	8.59	6.70	11.95	7.80	6.04	5.35	4.24	3.83	3.15	8.42	25.84	2.66	7.66	6.02
Shares (Basic)	3,830M	3,834M	3,830M	3,830M	3,834M	3,848M	3,856M	3,856M	3,857M	3,858M	3,859M	3,213M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,308M	2,298M	2,298M	2,298M	2,285M
Shares (Diluted)	3,830M	3,834M	3,830M	3,830M	3,834M	3,848M	3,856M	3,856M	3,857M	3,858M	3,859M	3,213M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,316M	2,308M	2,298M	2,298M	2,298M	2,285M

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	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Cash & Cash Equivalents	129,613.00M	121,303.00M	121,303.00M	127,323.00M	138,085.00M	153,133.00M	155,951.00M	137,127.00M	135,411.00M	160,470.00M	156,270.00M	121,171.00M	33,179.00M	31,277.00M	21,167.00M	19,894.00M	91,652.00M	92,521.00M	7,173.00M	5,609.00M	3,782.00M	8,310.00M	4,033.00M	5,182.00M	2,156.00M	1,575.00M	2,429.00M	3,337.00M	4,313.00M	8,957.00M	5,783.00M
Short-Term Investments	0.00M	7.00M	7.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	9.00M	2.00M	547.00M	918.00M	3,972.00M	236.00M	220.00M	0.00M	0.00M	858.00M	1,439.00M	1,223.00M	1,014.00M	1,040.00M	3,659.00M	900.00M	790.00M	2,695.00M	2,773.00M	13,020.00M	15,675.00M	21,152.00M
Cash & Short-Term Investments	129,613.00M	121,310.00M	121,310.00M	127,323.00M	138,085.00M	153,133.00M	155,951.00M	137,127.00M	135,411.00M	160,479.00M	156,272.00M	121,718.00M	34,097.00M	35,249.00M	21,403.00M	20,114.00M	91,652.00M	92,521.00M	8,031.00M	7,048.00M	5,005.00M	9,324.00M	5,073.00M	8,841.00M	3,056.00M	2,365.00M	5,124.00M	6,110.00M	17,333.00M	24,632.00M	26,935.00M
Net Receivables	29,126.00M	31,517.00M	31,517.00M	20,051.00M	32,725.00M	36,766.00M	36,732.00M	35,902.00M	23,472.00M	51,368.00M	10,587.00M	52,042.00M	1,781.00M	1,600.00M	1,501.00M	0.00M	0.00M	79,171.00M	-57,413.00M	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	27,228.00M	24,923.00M	24,923.00M	24,473.00M	23,283.00M	23,625.00M	24,565.00M	23,847.00M	23,410.00M	21,708.00M	18,852.00M	19,761.00M	73,199.00M	79,784.00M	80,088.00M	68,932.00M	17,733.00M	16,593.00M	61,211.00M	58,418.00M	45,857.00M	27,106.00M	25,812.00M	13,891.00M	20,177.00M	21,889.00M	18,039.00M	13,961.00M	0.00M	3,526.00M	2,956.00M
Other Current Assets	106.00M	535.00M	535.00M	14,178.00M	7,204.00M	1,550.00M	1,648.00M	1,603.00M	136,444.00M	29,462.00M	37,783.00M	36,097.00M	1,048.00M	572.00M	436.00M	2,960.00M	2,793.00M	45,347.00M	50,863.00M	4,360.00M	6,796.00M	1,773.00M	2,254.00M	2,060.00M	1,428.00M	1,443.00M	886.00M	1,773.00M	2,181.00M	595.00M	1,056.00M
Total Current Assets	186,073.00M	178,285.00M	178,285.00M	186,025.00M	201,297.00M	215,074.00M	218,896.00M	198,479.00M	318,737.00M	263,017.00M	223,494.00M	229,618.00M	110,125.00M	117,205.00M	103,428.00M	92,006.00M	112,178.00M	233,632.00M	62,692.00M	69,826.00M	57,658.00M	38,203.00M	33,139.00M	24,792.00M	24,661.00M	25,697.00M	24,049.00M	21,844.00M	19,514.00M	28,753.00M	30,947.00M
Property, Plant & Equipment	156,946.00M	169,366.00M	169,366.00M	181,024.00M	171,987.00M	207,951.00M	215,906.00M	202,839.00M	118,307.00M	167,094.00M	153,753.00M	187,070.00M	17,454.00M	9,977.00M	10,145.00M	11,233.00M	195,412.00M	205,383.00M	11,624.00M	10,560.00M	10,222.00M	9,612.00M	18,385.00M	17,217.00M	19,016.00M	14,841.00M	15,245.00M	21,290.00M	13,936.00M	3,294.00M	4,857.00M
Goodwill	273,906.00M	267,325.00M	267,325.00M	271,136.00M	268,008.00M	289,340.00M	319,718.00M	308,986.00M	323,160.00M	255,334.00M	254,748.00M	261,449.00M	0.00M	0.00M	0.00M	0.00M	27,332.00M	28,858.00M	0.00M	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	126,642.00M	143,110.00M	143,110.00M	147,660.00M	416,051.00M	452,119.00M	482,210.00M	463,633.00M	152,982.00M	103,256.00M	97,561.00M	114,841.00M	0.00M	0.00M	0.00M	0.00M	81,198.00M	78,101.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	363,441.00M	304,009.00M	304,009.00M	316,233.00M	316,304.00M	296,747.00M	298,437.00M	306,973.00M	266,620.00M	314,037.00M	259,365.00M	248,129.00M	295,787.00M	255,243.00M	262,898.00M	244,367.00M	183,553.00M	187,666.00M	185,077.00M	178,344.00M	165,939.00M	155,285.00M	156,311.00M	153,389.00M	155,948.00M	151,241.00M	147,422.00M	128,748.00M	76,287.00M	-7,857.00M	-9,097.00M
Tax Assets	7,390.00M	18,140.00M	18,140.00M	21,074.00M	18,509.00M	21,188.00M	19,926.00M	20,353.00M	20,260.00M	20,195.00M	15,856.00M	20,986.00M	0.00M	0.00M	0.00M	0.00M	14,105.00M	14,657.00M	0.00M	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 Non-Current Assets	10,526.00M	18,399.00M	18,399.00M	19,390.00M	-266,697.00M	-288,308.00M	-319,177.00M	-308,640.00M	-20,260.00M	-20,195.00M	-15,856.00M	-20,986.00M	-313,241.00M	46,412.00M	30,178.00M	25,580.00M	52,963.00M	19,472.00M	16,763.00M	17,892.00M	15,982.00M	13,127.00M	2,285.00M	4,588.00M	1,442.00M	4,829.00M	2,039.00M	1,748.00M	3,321.00M	83,196.00M	69,107.00M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	31,333.00M	26,988.00M	24,544.00M	28,481.00M	34,575.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	938,851.00M	920,349.00M	920,349.00M	956,517.00M	924,162.00M	979,037.00M	1,017,020.00M	994,144.00M	892,402.00M	866,709.00M	789,971.00M	839,970.00M	34,575.00M	311,632.00M	303,221.00M	281,180.00M	554,563.00M	534,137.00M	213,464.00M	206,796.00M	192,143.00M	178,024.00M	176,981.00M	175,194.00M	176,406.00M	170,911.00M	164,706.00M	151,786.00M	93,544.00M	78,633.00M	64,867.00M
Total Assets	1,124,924.00M	1,098,634.00M	1,098,634.00M	1,142,542.00M	1,125,459.00M	1,194,111.00M	1,235,916.00M	1,192,623.00M	1,211,139.00M	1,129,726.00M	1,013,465.00M	1,069,588.00M	144,700.00M	428,837.00M	406,649.00M	373,186.00M	666,741.00M	767,769.00M	276,156.00M	276,622.00M	249,801.00M	216,227.00M	210,120.00M	199,986.00M	201,067.00M	196,608.00M	188,755.00M	173,630.00M	113,058.00M	107,386.00M	95,814.00M
Accounts Payable	22,602.00M	21,861.00M	21,861.00M	23,017.00M	21,356.00M	23,382.00M	25,042.00M	27,539.00M	29,233.00M	19,252.00M	17,380.00M	20,393.00M	1,663.00M	1,232.00M	2,677.00M	9,701.00M	18,298.00M	73,029.00M	82,599.00M	90,141.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2,412.00M	4,766.00M	0.00M	0.00M
Short-Term Debt	19,410.00M	33,179.00M	33,179.00M	58,762.00M	70,602.00M	66,933.00M	49,905.00M	41,038.00M	25,986.00M	21,712.00M	71,880.00M	33,016.00M	18,352.00M	2,438.00M	5,098.00M	22,897.00M	23,122.00M	17,589.00M	10,991.00M	50,255.00M	6,872.00M	3,904.00M	3,139.00M	1,585.00M	2,618.00M	5,653.00M	7,250.00M	7,428.00M	4,814.00M	4,400.00M	4,639.00M
Tax Payables	1,632.00M	3,368.00M	3,368.00M	4,166.00M	4,001.00M	2,402.00M	2,639.00M	1,869.00M	2,071.00M	2,948.00M	2,334.00M	2,438.00M	0.00M	0.00M	0.00M	0.00M	2,900.00M	3,249.00M	0.00M	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	0.00M	0.00M	0.00M	0.00M	6,027.00M	6,933.00M	6,160.00M	6,188.00M	5,880.00M	-21,712.00M	-71,880.00M	-33,016.00M	-18,352.00M	0.00M	-876.00M	0.00M	-15,398.00M	2,789.00M	4,258.00M	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	41,128.00M	30,392.00M	30,392.00M	30,659.00M	30,407.00M	27,444.00M	34,944.00M	66,457.00M	160,830.00M	73,924.00M	68,052.00M	76,894.00M	11,335.00M	11,796.00M	12,414.00M	2,433.00M	63,491.00M	0.00M	-78,355.00M	-125,674.00M	1,721.00M	757.00M	553.00M	562.00M	525.00M	542.00M	3,506.00M	5,040.00M	588.00M	3,404.00M	3,260.00M
Total Current Liabilities	84,772.00M	88,800.00M	88,800.00M	116,604.00M	132,393.00M	127,094.00M	118,690.00M	143,091.00M	224,000.00M	96,124.00M	87,766.00M	99,725.00M	12,998.00M	15,466.00M	19,313.00M	35,031.00M	92,413.00M	96,656.00M	19,493.00M	14,722.00M	8,593.00M	4,661.00M	3,692.00M	2,147.00M	3,143.00M	6,195.00M	10,756.00M	14,880.00M	10,168.00M	7,804.00M	7,899.00M
Long-Term Debt	239,826.00M	227,033.00M	227,033.00M	216,843.00M	216,763.00M	260,197.00M	301,848.00M	305,293.00M	326,322.00M	313,419.00M	235,543.00M	275,363.00M	19,522.00M	39,452.00M	43,001.00M	23,020.00M	22,027.00M	256,275.00M	33,258.00M	23,655.00M	27,609.00M	18,683.00M	17,907.00M	16,357.00M	19,255.00M	18,728.00M	13,806.00M	10,238.00M	10,245.00M	13,642.00M	12,016.00M
Capital Lease Obligations	68,167.00M	64,519.00M	64,519.00M	67,923.00M	53,931.00M	68,994.00M	75,644.00M	75,609.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	17,293.00M	17,974.00M	17,974.00M	19,572.00M	19,290.00M	17,383.00M	17,672.00M	16,819.00M	19,261.00M	25,583.00M	23,692.00M	26,062.00M	1,022.00M	0.00M	820.00M	850.00M	14,290.00M	13,355.00M	1,359.00M	1,300.00M	920.00M	544.00M	461.00M	319.00M	3.00M	3.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	32,881.00M	31,581.00M	31,581.00M	35,106.00M	34,629.00M	41,284.00M	55,923.00M	0.00M	73,906.00M	54,818.00M	52,728.00M	52,105.00M	-1,022.00M	1,098.00M	63.00M	0.00M	238,776.00M	4,520.00M	-12,257.00M	3,406.00M	4,000.00M	0.00M	-33.00M	-59.00M	-269.00M	0.00M	0.00M	33.00M	12.00M	17.00M	14.00M
Total Non-Current Liabilities	358,167.00M	341,107.00M	341,107.00M	339,444.00M	324,613.00M	387,858.00M	451,087.00M	397,721.00M	419,489.00M	393,820.00M	311,963.00M	353,530.00M	19,522.00M	40,550.00M	43,884.00M	23,870.00M	275,093.00M	274,150.00M	22,360.00M	28,361.00M	32,529.00M	19,227.00M	18,335.00M	16,617.00M	18,989.00M	18,731.00M	13,806.00M	10,271.00M	10,257.00M	13,659.00M	12,030.00M
Total Liabilities	442,939.00M	429,907.00M	429,907.00M	456,048.00M	457,006.00M	514,952.00M	569,777.00M	540,812.00M	643,489.00M	489,944.00M	399,729.00M	453,255.00M	32,520.00M	56,016.00M	63,197.00M	58,901.00M	367,506.00M	370,806.00M	41,853.00M	43,083.00M	41,122.00M	23,888.00M	22,027.00M	18,764.00M	22,132.00M	24,926.00M	24,562.00M	25,151.00M	20,425.00M	21,463.00M	19,929.00M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	378,463.00M	364,805.00M	374,810.00M	356,025.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	3,830.00M	3,830.00M	3,830.00M	3,830.00M	3,830.00M	3,834.00M	3,856.00M	3,856.00M	3,856.00M	3,858.00M	3,858.00M	3,860.00M	10,489.00M	1,158.00M	1,158.00M	1,158.00M	1,066.00M	1,066.00M	1,158.00M	1,158.00M	1,158.00M	1,158.00M	1,158.00M	1,158.00M	1,158.00M	1,158.00M	1,158.00M	1,149.00M	1,149.00M	1,149.00M	1,149.00M
Retained Earnings	630,444.00M	675,917.00M	675,917.00M	669,173.00M	657,443.00M	631,181.00M	604,451.00M	592,705.00M	576,381.00M	546,498.00M	520,616.00M	500,909.00M	371,865.00M	342,716.00M	315,162.00M	290,340.00M	247,431.00M	0.00M	219,534.00M	209,691.00M	187,202.00M	173,851.00M	165,746.00M	159,052.00M	155,167.00M	150,095.00M	146,510.00M	130,780.00M	74,577.00M	71,130.00M	57,250.00M
Accumulated OCI	-322,456.00M	-388,004.00M	-388,004.00M	-371,940.00M	-380,732.00M	-365,032.00M	-358,388.00M	-376,653.00M	-378,463.00M	-364,805.00M	-374,810.00M	-356,025.00M	20,836.00M	16,524.00M	0.00M	0.00M	0.00M	233,110.00M	1,141.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1,128.00M	-1,084.00M	-1,081.00M	-154.00M	-162.00M	-922.00M
Minority Interest	121,075.00M	117,877.00M	117,877.00M	121,948.00M	119,235.00M	118,689.00M	123,352.00M	120,268.00M	132,346.00M	132,010.00M	119,511.00M	120,523.00M	2,857.00M	3,092.00M	3,157.00M	3,212.00M	43,205.00M	37,413.00M	4,342.00M	3,406.00M	5,259.00M	4,761.00M	5,232.00M	4,110.00M	4,495.00M	4,686.00M	3,298.00M	6,736.00M	5,163.00M	2,135.00M	4,840.00M
Total Shareholders’ Equity	311,818.00M	291,743.00M	291,743.00M	301,063.00M	280,541.00M	269,983.00M	249,919.00M	219,908.00M	580,237.00M	550,356.00M	524,474.00M	504,769.00M	403,190.00M	360,398.00M	316,320.00M	291,498.00M	248,497.00M	234,176.00M	221,833.00M	210,849.00M	188,360.00M	175,009.00M	166,904.00M	160,210.00M	156,325.00M	150,125.00M	146,584.00M	130,848.00M	75,572.00M	72,117.00M	57,477.00M
Total Equity	432,893.00M	409,620.00M	409,620.00M	423,011.00M	399,776.00M	388,672.00M	373,271.00M	340,176.00M	712,583.00M	682,366.00M	643,985.00M	625,292.00M	406,047.00M	363,490.00M	319,477.00M	294,710.00M	291,702.00M	271,589.00M	226,175.00M	214,255.00M	193,619.00M	179,770.00M	172,136.00M	164,320.00M	160,820.00M	154,811.00M	149,882.00M	137,584.00M	80,735.00M	74,252.00M	62,317.00M
Total Liabilities & Equity	875,832.00M	839,527.00M	839,527.00M	879,059.00M	856,782.00M	903,624.00M	943,048.00M	880,988.00M	1,356,072.00M	1,172,310.00M	1,043,714.00M	1,078,547.00M	438,567.00M	419,506.00M	382,674.00M	353,611.00M	659,208.00M	642,395.00M	268,028.00M	257,338.00M	234,741.00M	203,658.00M	194,163.00M	183,084.00M	182,952.00M	179,737.00M	174,444.00M	162,735.00M	101,160.00M	95,715.00M	82,246.00M
Tangible Assets	724,376.00M	688,199.00M	688,199.00M	723,746.00M	441,400.00M	452,652.00M	433,988.00M	420,004.00M	734,997.00M	771,136.00M	661,156.00M	693,298.00M	144,700.00M	428,837.00M	406,649.00M	373,186.00M	558,211.00M	660,810.00M	276,156.00M	276,622.00M	249,801.00M	216,227.00M	210,120.00M	199,986.00M	201,067.00M	196,608.00M	188,755.00M	173,630.00M	113,058.00M	107,386.00M	95,814.00M
Tangible Equity	32,345.00M	-815.00M	-815.00M	4,215.00M	-284,283.00M	-352,787.00M	-428,657.00M	-432,443.00M	236,441.00M	323,776.00M	291,676.00M	249,002.00M	406,047.00M	363,490.00M	319,477.00M	294,710.00M	183,172.00M	164,630.00M	226,175.00M	214,255.00M	193,619.00M	179,770.00M	172,136.00M	164,320.00M	160,820.00M	154,811.00M	149,882.00M	137,584.00M	80,735.00M	74,252.00M	62,317.00M
Tangible Book Value	32,345.00M	-815.00M	-815.00M	4,215.00M	-284,283.00M	-352,787.00M	-428,657.00M	-432,443.00M	236,441.00M	323,776.00M	291,676.00M	249,002.00M	406,047.00M	363,490.00M	319,477.00M	294,710.00M	183,172.00M	164,630.00M	226,175.00M	214,255.00M	193,619.00M	179,770.00M	172,136.00M	164,320.00M	160,820.00M	154,811.00M	149,882.00M	137,584.00M	80,735.00M	74,252.00M	62,317.00M
Total Investments	363,812.00M	304,016.00M	304,016.00M	316,233.00M	316,304.00M	296,747.00M	298,437.00M	306,973.00M	266,620.00M	314,046.00M	259,367.00M	248,676.00M	296,705.00M	257,855.00M	263,134.00M	244,587.00M	183,553.00M	187,666.00M	185,077.00M	179,783.00M	167,162.00M	156,299.00M	157,351.00M	157,048.00M	156,848.00M	152,031.00M	150,117.00M	131,521.00M	89,307.00M	7,818.00M	12,055.00M
Net Debt	129,623.00M	138,909.00M	138,909.00M	148,282.00M	149,280.00M	173,997.00M	195,802.00M	209,204.00M	216,897.00M	174,661.00M	151,153.00M	187,208.00M	4,695.00M	10,613.00M	26,932.00M	26,023.00M	-46,503.00M	181,343.00M	37,076.00M	68,301.00M	30,699.00M	14,277.00M	17,013.00M	12,760.00M	19,717.00M	22,806.00M	18,627.00M	14,329.00M	10,746.00M	9,085.00M	10,872.00M

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	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Working Capital	81,145.0M	61,208.0M	61,208.0M	39,861.0M	47,760.0M	53,076.0M	64,130.0M	57,531.0M	117,913.0M	118,658.0M	66,182.0M	62,671.0M	78,775.0M	101,739.0M	84,156.0M	56,975.0M	59,703.0M	63,393.0M	56,659.0M	52,768.0M	46,067.0M	31,126.0M	26,784.0M	20,435.0M	18,359.0M	17,979.0M	11,728.0M	6,964.0M	7,324.0M	19,937.0M	20,566.0M
Total Capital	882,193.0M	859,446.0M	859,446.0M	892,129.0M	876,937.0M	925,216.0M	940,314.0M	915,671.0M	823,111.0M	824,149.0M	762,612.0M	772,120.0M	441,064.0M	411,619.0M	388,435.0M	356,990.0M	574,246.0M	557,395.0M	275,413.0M	259,730.0M	234,903.0M	207,749.0M	201,211.0M	192,785.0M	192,885.0M	189,854.0M	180,374.0M	159,409.0M	100,507.0M	100,818.0M	85,218.0M
Capital Employed	1,019,996.0M	981,557.0M	981,557.0M	996,378.0M	971,922.0M	1,032,113.0M	1,081,150.0M	1,051,675.0M	1,010,315.0M	985,367.0M	856,153.0M	902,641.0M	426,591.0M	413,371.0M	387,377.0M	338,155.0M	614,266.0M	597,530.0M	270,123.0M	259,564.0M	238,210.0M	209,150.0M	203,765.0M	195,629.0M	194,765.0M	188,890.0M	176,434.0M	158,750.0M	100,868.0M	98,570.0M	85,433.0M
Invested Capital	752,580.0M	738,143.0M	738,143.0M	764,806.0M	738,852.0M	772,083.0M	784,363.0M	778,544.0M	687,700.0M	663,679.0M	606,342.0M	650,949.0M	407,885.0M	380,342.0M	367,268.0M	337,096.0M	482,594.0M	464,874.0M	268,240.0M	254,121.0M	231,121.0M	199,439.0M	197,178.0M	187,603.0M	190,729.0M	188,279.0M	177,945.0M	156,072.0M	96,194.0M	91,861.0M	79,435.0M

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	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Net Income	30,232.00M	63,072.00M	17,088.00M	23,500.00M	36,680.00M	33,484.00M	29,143.00M	39,830.00M	39,000.00M	35,100.00M	33,008.00M	118,570.00M	53,869.00M	35,260.00M	32,036.00M	48,092.00M	28,125.00M	21,952.00M	16,578.00M	29,169.00M	19,492.00M	14,464.00M	12,365.00M	8,980.00M	10,162.00M	8,478.00M	20,526.00M	59,265.00M	7,322.00M	19,031.00M	15,734.00M
Depreciation & Amortization	80,966.00M	81,936.00M	40,708.00M	40,083.00M	39,788.00M	45,256.00M	41,658.00M	38,129.00M	18,127.00M	14,495.00M	15,598.00M	9,551.00M	393.00M	325.00M	340.00M	400.00M	398.00M	349.00M	284.00M	257.00M	172.00M	166.00M	101.00M	116.00M	104.00M	60.00M	57.00M	46.00M	52.00M	74.00M	216.00M
Deferred Income Tax	-720.00M	2,902.00M	0.00M	0.00M	2,839.00M	-1,799.00M	317.00M	1,129.00M	-1,294.00M	-2,599.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-41,118.00M	-189,906.00M	0.00M	0.00M	-84,051.00M	-107,779.00M	-88,498.00M	-82,522.00M	5,893.00M	9,744.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	4,103.00M	-26,842.00M	-1,448.00M	-7,965.00M	-4,580.00M	-19,080.00M	516.00M	-5,577.00M	-4,599.00M	-7,145.00M	-3,627.00M	7,613.00M	8,268.00M	-322.00M	-10,070.00M	-10,730.00M	5,828.00M	4,653.00M	-4,352.00M	-5,290.00M	-22,436.00M	-342.00M	-9,505.00M	3,071.00M	871.00M	-3,920.00M	-2,217.00M	-2,819.00M	8,043.00M	1,569.00M	-2,015.00M
Accounts Receivable	-1,993.00M	-4,554.00M	1,128.00M	-5,022.00M	-493.00M	-5,736.00M	98.00M	-202.00M	-2,166.00M	-5,320.00M	-3,046.00M	5,455.00M	1,324.00M	149.00M	632.00M	0.00M	0.00M	0.00M	0.00M	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	-2,363.00M	-2,627.00M	-1,536.00M	-1,005.00M	-1,401.00M	-46.00M	-148.00M	-1,252.00M	-2,433.00M	-1,825.00M	-581.00M	2,158.00M	6,944.00M	788.00M	-10,702.00M	-2,976.00M	-2,299.00M	1,541.00M	-3,601.00M	-10,676.00M	0.00M	-3,204.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-3,062.00M	8,903.00M	-4,076.00M	-443.00M
Accounts Payable	2,268.00M	-18,853.00M	-1,535.00M	-3,767.00M	-2,581.00M	-11,485.00M	-5,132.00M	-4,810.00M	5,224.00M	2,771.00M	-605.00M	-3,065.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	9,203.00M	-808.00M	-1,040.00M	1,829.00M	-105.00M	-1,813.00M	5,698.00M	687.00M	-5,224.00M	-2,771.00M	605.00M	3,065.00M	0.00M	-1,259.00M	0.00M	-7,754.00M	8,127.00M	3,112.00M	-751.00M	5,386.00M	0.00M	2,862.00M	0.00M	0.00M	0.00M	0.00M	0.00M	243.00M	-860.00M	5,645.00M	-1,572.00M
Other Non-Cash Items	42,139.00M	169,388.00M	-2,120.00M	-4,181.00M	65,722.00M	101,611.00M	89,553.00M	77,883.00M	-1,393.00M	13,745.00M	-4,641.00M	-91,185.00M	-24,717.00M	-20,733.00M	-18,206.00M	-43,738.00M	-25,683.00M	-13,195.00M	-16,101.00M	-23,413.00M	-12,976.00M	-11,593.00M	-7,234.00M	-3,697.00M	-6,102.00M	-5,726.00M	-18,166.00M	-58,169.00M	-4,593.00M	-16,285.00M	-10,643.00M
Net Cash from Operating Activities	115,602.00M	100,550.00M	54,228.00M	51,437.00M	56,398.00M	51,693.00M	72,689.00M	68,872.00M	55,734.00M	53,596.00M	40,338.00M	44,549.00M	37,813.00M	14,530.00M	4,100.00M	-5,976.00M	8,668.00M	13,759.00M	-3,591.00M	723.00M	-15,748.00M	2,695.00M	-4,273.00M	8,470.00M	5,035.00M	-1,108.00M	200.00M	-1,677.00M	10,824.00M	4,389.00M	3,292.00M
Capital Expenditures (PPE)	-43,966.00M	-58,186.00M	-20,365.00M	-21,670.00M	-25,852.00M	-39,643.00M	-29,574.00M	-36,293.00M	-27,540.00M	-23,521.00M	-20,046.00M	-22,494.00M	-7,867.00M	-162.00M	-105.00M	-1,259.00M	-144.00M	-711.00M	-898.00M	-505.00M	0.00M	-2,065.00M	-656.00M	-630.00M	-654.00M	-293.00M	183.00M	-3,638.00M	-8,938.00M	-149.00M	-371.00M
Acquisitions (Net)	-3,880.00M	19,138.00M	-6,072.00M	2,423.00M	16,612.00M	36,865.00M	20,605.00M	-2,118.00M	-13,141.00M	13,936.00M	4,059.00M	109,654.00M	-1,980.00M	0.00M	-1,266.00M	-9,474.00M	-460.00M	-44.00M	-500.00M	1,348.00M	-1,521.00M	-1,115.00M	-744.00M	-57.00M	-610.00M	-3,587.00M	-2.00M	-2,587.00M	-2,335.00M	1,469.00M	-91.00M
Purchases of Investments	-2,468.00M	-5,515.00M	-306.00M	-966.00M	-4,028.00M	-1,933.00M	-2,591.00M	-957.00M	-11,189.00M	-39,925.00M	-2,965.00M	-21,425.00M	-182.00M	0.00M	-104.00M	-3,339.00M	-1,314.00M	-595.00M	-4,373.00M	-1,133.00M	-2,630.00M	-940.00M	-1,700.00M	-3,110.00M	-625.00M	-3,187.00M	-561.00M	-382.00M	-181.00M	-3,275.00M	-7,805.00M
Sales / Maturities of Investments	9,211.00M	11,919.00M	0.00M	4,613.00M	8,093.00M	2,301.00M	4,357.00M	3,662.00M	2,766.00M	2,449.00M	6,577.00M	9,841.00M	595.00M	0.00M	922.00M	2,048.00M	601.00M	1,545.00M	3,379.00M	4,448.00M	0.00M	2,223.00M	2,472.00M	1,563.00M	242.00M	2,538.00M	300.00M	2,154.00M	1,106.00M	4,477.00M	416.00M
Other Investing Activities	20,397.00M	18,523.00M	6,841.00M	185.00M	0.00M	0.00M	0.00M	0.00M	-9,975.00M	-1,622.00M	-5,652.00M	-3,008.00M	-1,465.00M	7,054.00M	3,391.00M	14.00M	4,395.00M	1,480.00M	-25.00M	2,016.00M	539.00M	3,020.00M	28.00M	1,647.00M	214.00M	42.00M	-3,423.00M	1,049.00M	-4,226.00M	-8,184.00M	-4,329.00M
Net Cash from Investing Activities	-20,706.00M	-32,644.00M	-19,902.00M	-15,415.00M	-5,175.00M	-2,410.00M	-7,203.00M	-35,706.00M	-59,079.00M	-48,683.00M	-18,027.00M	72,568.00M	-10,899.00M	6,892.00M	2,838.00M	-12,010.00M	3,078.00M	1,675.00M	-2,417.00M	6,174.00M	-3,612.00M	1,123.00M	-600.00M	-587.00M	-1,433.00M	-4,487.00M	-3,503.00M	-3,404.00M	-14,574.00M	-5,662.00M	-12,180.00M
Net Debt Issuance	-44,892.00M	-68,056.00M	-19,244.00M	-31,099.00M	-38,716.00M	-17,357.00M	-11,970.00M	71.00M	352.00M	12,814.00M	30,941.00M	-37,963.00M	-3,370.00M	-2,796.00M	2,749.00M	13,664.00M	2,449.00M	-9,874.00M	7,707.00M	-2,677.00M	11,846.00M	1,547.00M	3,137.00M	-3,931.00M	-2,508.00M	3,325.00M	1,227.00M	2,607.00M	-2,983.00M	3,521.00M	2,969.00M
Long-Term Debt Issuance	-27,248.00M	-65,571.00M	-5,141.00M	-16,623.00M	-28,798.00M	-12,598.00M	-11,970.00M	71.00M	352.00M	12,814.00M	30,941.00M	-37,963.00M	-3,370.00M	-2,796.00M	2,749.00M	13,664.00M	2,449.00M	-9,874.00M	7,707.00M	-2,677.00M	11,846.00M	1,547.00M	3,137.00M	-3,931.00M	-2,508.00M	3,325.00M	1,227.00M	2,607.00M	-2,983.00M	3,521.00M	2,969.00M
Short-Term Debt Issuance	-17,644.00M	-2,485.00M	-14,103.00M	-14,476.00M	-9,918.00M	-4,759.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-301.00M	0.00M	0.00M	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	0.00M	-970.00M	0.00M	0.00M	-197.00M	-1,239.00M	0.00M	0.00M	-131.00M	0.00M	-189.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	5,154.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	67,062.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	5,154.00M
Common Stock Repurchased	0.00M	-970.00M	0.00M	0.00M	-197.00M	-1,239.00M	0.00M	0.00M	-131.00M	0.00M	-189.00M	-1,034.00M	0.00M	-537.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	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	-18,128.00M	-21,414.00M	-9,433.00M	-10,885.00M	-10,353.00M	-9,627.00M	-11,238.00M	-12,225.00M	-11,341.00M	-10,512.00M	-9,977.00M	-9,687.00M	-8,195.00M	-7,434.00M	-7,319.00M	0.00M	0.00M	0.00M	0.00M	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 Dividends Paid	-18,128.00M	-21,414.00M	-9,433.00M	-10,885.00M	-10,353.00M	-9,627.00M	-11,238.00M	-12,225.00M	-11,341.00M	-10,512.00M	-9,977.00M	-9,687.00M	-8,195.00M	-7,434.00M	-7,319.00M	-6,903.00M	-6,254.00M	-5,675.00M	-5,675.00M	-5,189.00M	0.00M	-4,262.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
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	-16,213.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-30,976.00M	-28,984.00M	-11,669.00M	-4,800.00M	-17,005.00M	-23,878.00M	-23,454.00M	-22,881.00M	-7,009.00M	-3,015.00M	-7,987.00M	22,267.00M	-976.00M	-8,516.00M	-8,414.00M	-931.00M	-471.00M	-1,310.00M	-4,768.00M	-2,393.00M	2,986.00M	-1,088.00M	587.00M	-926.00M	-513.00M	180.00M	1,168.00M	2,498.00M	2,089.00M	-74.00M	4,169.00M
Net Cash from Financing Activities	-93,996.00M	-121,295.00M	-40,346.00M	-46,784.00M	-66,271.00M	-52,101.00M	-46,662.00M	-35,035.00M	-18,129.00M	-713.00M	12,788.00M	-25,383.00M	-28,754.00M	-11,312.00M	-5,665.00M	12,733.00M	1,978.00M	-11,184.00M	7,572.00M	-5,070.00M	14,832.00M	459.00M	3,724.00M	-4,857.00M	-3,021.00M	4,741.00M	2,395.00M	5,105.00M	-894.00M	3,447.00M	12,292.00M
Effect of FX on Cash	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3,585.00M	0.00M	0.00M	0.00M	0.00M	0.00M	21,167.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	873.00M	-53,389.00M	-6,020.00M	-10,762.00M	-15,048.00M	-2,818.00M	18,824.00M	1,716.00M	-21,474.00M	4,200.00M	35,099.00M	91,734.00M	-1,840.00M	31,277.00M	1,273.00M	-5,253.00M	13,724.00M	4,250.00M	1,564.00M	1,827.00M	-4,528.00M	4,277.00M	-1,149.00M	3,026.00M	581.00M	-854.00M	-908.00M	24.00M	-4,644.00M	2,174.00M	3,404.00M
Cash at Beginning of Period	508,965.00M	585,662.00M	127,323.00M	138,085.00M	153,133.00M	155,951.00M	137,127.00M	135,411.00M	160,470.00M	156,270.00M	121,171.00M	29,437.00M	31,277.00M	0.00M	19,894.00M	25,147.00M	11,423.00M	7,173.00M	5,609.00M	3,782.00M	8,310.00M	4,033.00M	5,182.00M	2,156.00M	1,575.00M	2,429.00M	3,337.00M	3,313.00M	7,957.00M	5,783.00M	2,379.00M
Cash at End of Period	509,838.00M	532,273.00M	121,303.00M	127,323.00M	138,085.00M	153,133.00M	155,951.00M	137,127.00M	138,996.00M	160,470.00M	156,270.00M	121,171.00M	29,437.00M	31,277.00M	21,167.00M	19,894.00M	25,147.00M	11,423.00M	7,173.00M	5,609.00M	3,782.00M	8,310.00M	4,033.00M	5,182.00M	2,156.00M	1,575.00M	2,429.00M	3,337.00M	3,313.00M	7,957.00M	5,783.00M
Operating Cash Flow	115,602.00M	100,550.00M	54,228.00M	51,437.00M	56,398.00M	51,693.00M	72,689.00M	68,872.00M	55,734.00M	53,596.00M	40,338.00M	44,549.00M	37,813.00M	14,530.00M	4,100.00M	-5,976.00M	8,668.00M	13,759.00M	-3,591.00M	723.00M	-15,748.00M	2,695.00M	-4,273.00M	8,470.00M	5,035.00M	-1,108.00M	200.00M	-1,677.00M	10,824.00M	4,389.00M	3,292.00M
Capital Expenditure	-41,981.00M	-58,186.00M	-20,365.00M	-25,301.00M	-25,852.00M	-39,643.00M	-29,574.00M	-36,293.00M	-27,540.00M	-23,521.00M	-20,046.00M	-22,494.00M	-7,867.00M	-162.00M	-105.00M	-1,259.00M	-144.00M	-711.00M	-898.00M	-505.00M	0.00M	-2,065.00M	-656.00M	-630.00M	-654.00M	-293.00M	183.00M	-3,638.00M	-8,938.00M	-149.00M	-371.00M
Free Cash Flow	73,621.00M	42,364.00M	33,863.00M	26,136.00M	30,546.00M	12,050.00M	43,115.00M	32,579.00M	28,194.00M	30,075.00M	20,292.00M	22,055.00M	29,946.00M	14,368.00M	3,995.00M	-7,235.00M	8,524.00M	13,048.00M	-4,489.00M	218.00M	-15,748.00M	630.00M	-4,929.00M	7,840.00M	4,381.00M	-1,401.00M	383.00M	-5,315.00M	1,886.00M	4,240.00M	2,921.00M

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	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
EBITDA	254,461.00M	175,511.00M	127,688.00M	143,243.00M	74,875.00M	87,963.00M	80,922.00M	89,393.00M	110,988.00M	113,319.00M	121,119.00M	75,337.00M	-12,015.00M	12,213.00M	10,302.00M	12,211.00M	9,268.00M	6,705.00M	6,161.00M	7,013.00M	6,215.00M	2,697.00M	2,074.00M	2,201.00M	1,556.00M	2,793.00M	3,034.00M	3,037.00M	11,917.00M	7,931.00M	13,418.00M
(-) Tax Adjustment	53,730.43M	34,130.27M	21,081.70M	12,951.91M	11,929.13M	4,593.64M	8,348.56M	11,993.71M	5,906.06M	6,874.62M	11,863.47M	4,614.81M	0.00M	495.76M	376.58M	465.42M	436.30M	502.14M	319.24M	287.79M	386.76M	48.29M	0.00M	0.00M	204.87M	398.29M	180.04M	39.66M	1,902.62M	550.10M	1,364.48M
(-) Change In Working Capital	4,103.00M	-26,842.00M	-1,448.00M	-7,965.00M	-4,580.00M	-19,080.00M	516.00M	-5,577.00M	-4,599.00M	-7,145.00M	-3,627.00M	7,613.00M	8,268.00M	-322.00M	-10,070.00M	-10,730.00M	5,828.00M	4,653.00M	-4,352.00M	-5,290.00M	-22,436.00M	-342.00M	-9,505.00M	3,071.00M	871.00M	-3,920.00M	-2,217.00M	-2,819.00M	8,043.00M	1,569.00M	-2,015.00M
(-) Capital Expenditure	-41,981.00M	-58,186.00M	-20,365.00M	-25,301.00M	-25,852.00M	-39,643.00M	-29,574.00M	-36,293.00M	-27,540.00M	-23,521.00M	-20,046.00M	-22,494.00M	-7,867.00M	-162.00M	-105.00M	-1,259.00M	-144.00M	-711.00M	-898.00M	-505.00M	0.00M	-2,065.00M	-656.00M	-630.00M	-654.00M	-293.00M	183.00M	-3,638.00M	-8,938.00M	-149.00M	-371.00M
Unlevered Free Cash Flow	154,646.57M	110,036.73M	87,689.30M	112,955.09M	41,673.87M	62,806.36M	42,483.44M	46,683.29M	82,140.94M	90,068.38M	92,836.53M	40,615.19M	-28,150.00M	11,877.24M	19,890.42M	21,216.58M	2,859.70M	838.86M	9,295.76M	11,510.21M	28,264.24M	925.71M	10,923.00M	-1,500.00M	-173.87M	6,021.71M	4,887.96M	2,178.34M	-6,966.62M	5,662.90M	13,697.52M
(-) Net Interest Income After Taxes	-20,718.25M	4,555.32M	-11,180.94M	-11,121.45M	-7,450.10M	-9,799.07M	-9,763.81M	-0.87M	465.82M	827.55M	1,939.41M	1,461.63M	228.00M	-435.57M	-594.45M	-357.82M	-240.14M	-339.52M	-477.88M	-935.95M	-552.35M	-340.79M	-350.00M	-517.00M	524.47M	-665.34M	363.10M	-658.29M	-3,852.14M	0.00M	0.00M
Net Debt Issuance	-44,892.00M	-68,056.00M	-19,244.00M	-31,099.00M	-38,716.00M	-17,357.00M	-11,970.00M	71.00M	352.00M	12,814.00M	30,941.00M	-37,963.00M	-3,370.00M	-2,796.00M	2,749.00M	13,664.00M	2,449.00M	-9,874.00M	7,707.00M	-2,677.00M	11,846.00M	1,547.00M	3,137.00M	-3,931.00M	-2,508.00M	3,325.00M	1,227.00M	2,607.00M	-2,983.00M	3,521.00M	2,969.00M
Levered Free Cash Flow	130,472.82M	37,425.41M	79,626.23M	92,977.54M	10,407.97M	55,248.44M	40,277.25M	46,755.15M	82,027.12M	102,054.82M	121,838.12M	1,190.56M	-31,748.00M	9,516.81M	23,233.86M	35,238.41M	5,548.84M	-8,695.63M	17,480.65M	9,769.16M	40,662.58M	2,813.49M	14,410.00M	-4,914.00M	-3,206.35M	10,012.04M	5,751.87M	5,443.63M	-6,097.48M	9,183.90M	16,666.52M