High Fashion International Limited (0608.HK)

Industry: Apparel - Manufacturers Sector: Consumer Cyclical Currency Used: HK Live Price: $1.48

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
Stock Price	1.65	1.60	1.54	1.45	1.46	1.88	1.87	1.97	1.97	2.71	2.91	3.07	2.70	2.98	2.68	1.54	2.11	3.05	1.48	1.68	1.34	1.04	1.09	1.45	1.27	0.95	0.95
Market Capitalization	504.22M	487.46M	470.65M	443.14M	446.20M	574.56M	584.69M	602.07M	600.54M	828.22M	876.03M	912.45M	802.59M	899.65M	818.60M	484.94M	685.42M	1,013.74M	494.07M	558.07M	439.34M	337.55M	346.48M	451.14M	406.14M	327.30M	336.11M
(-) Cash & Equivalents	484.25M	573.21M	493.49M	540.14M	621.20M	486.27M	541.79M	463.66M	369.77M	642.38M	576.94M	2,637.80M	1,388.34M	1,211.90M	589.85M	523.79M	200.23M	558.54M	215.70M	228.82M	269.91M	171.20M	141.23M	140.23M	168.83M	334.44M	69.19M
(+) Total Debt	1,771.54M	1,695.91M	1,724.31M	1,718.65M	1,601.08M	1,416.35M	1,412.81M	1,366.52M	1,210.09M	1,394.53M	2,431.73M	2,395.33M	1,694.54M	1,477.05M	1,338.34M	922.14M	592.60M	759.25M	438.80M	390.34M	432.03M	366.81M	356.33M	268.52M	84.05M	71.53M	26.88M
Enterprise Value	1,791.52M	1,610.16M	1,701.46M	1,621.65M	1,426.08M	1,504.63M	1,455.72M	1,504.93M	1,440.86M	1,580.37M	2,730.82M	669.98M	1,108.79M	1,164.80M	1,567.09M	883.28M	1,077.79M	1,214.45M	717.18M	719.58M	601.46M	533.16M	561.58M	579.44M	321.37M	64.40M	293.80M

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	2001-09-30	2000-09-30	1999-09-30	1998-09-30
Revenue	6,539M	6,806M	3,337M	3,307M	3,515M	2,888M	2,157M	2,914M	3,075M	2,733M	2,423M	2,678M	2,865M	2,807M	2,563M	2,784M	2,724M	2,272M	2,598M	2,584M	2,253M	2,108M	1,964M	1,918M	2,326M	1,853M	1,644M	1,633M
Cost of Revenue	5,252M	5,477M	2,691M	2,615M	2,835M	2,389M	1,770M	2,335M	2,517M	2,208M	1,947M	2,104M	2,152M	2,170M	1,938M	2,105M	2,060M	1,581M	1,874M	1,868M	1,570M	1,506M	1,408M	1,382M	1,656M	1,347M	0M	0M
Gross Profit	1,288M	1,328M	646M	692M	680M	499M	387M	579M	558M	525M	475M	575M	713M	636M	625M	679M	664M	690M	724M	716M	683M	602M	556M	536M	669M	506M	1,644M	1,633M
Gross Profit Margin	19.7%	19.5%	19.4%	20.9%	19.4%	17.3%	17.9%	19.9%	18.2%	19.2%	19.6%	21.5%	24.9%	22.7%	24.4%	24.4%	24.4%	30.4%	27.9%	27.7%	30.3%	28.6%	28.3%	27.9%	28.8%	27.3%	100.0%	100.0%
R&D Expenses	250M	83M	116M	133M	120M	46M	38M	38M	79M	79M	77M	77M	73M	80M	75M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	1,006M	1,040M	488M	494M	534M	459M	392M	538M	545M	515M	570M	551M	617M	650M	638M	671M	586M	602M	694M	629M	606M	583M	506M	501M	541M	371M	0M	0M
Operating Expenses	1,006M	1,040M	605M	646M	654M	504M	430M	538M	545M	502M	500M	440M	492M	528M	518M	530M	353M	451M	553M	316M	603M	561M	508M	501M	511M	347M	1,547M	1,571M
Operating Income (EBIT)	282M	288M	41M	46M	26M	-6M	-43M	41M	13M	22M	-25M	134M	220M	108M	108M	150M	311M	239M	171M	400M	80M	41M	47M	35M	158M	159M	97M	62M
Operating Income Margin	4.3%	4.2%	1.2%	1.4%	0.7%	-0.2%	-2.0%	1.4%	0.4%	0.8%	-1.0%	5.0%	7.7%	3.8%	4.2%	5.4%	11.4%	10.5%	6.6%	15.5%	3.6%	2.0%	2.4%	1.8%	6.8%	8.6%	5.9%	3.8%
Interest Income	0M	27M	13M	0M	0M	0M	0M	0M	0M	0M	0M	6M	22M	24M	0M	0M	0M	-7M	37M	0M	-5M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	153M	64M	73M	81M	44M	29M	29M	36M	25M	31M	3M	0M	0M	0M	46M	32M	40M	39M	61M	32M	25M	0M	0M	0M	49M	22M	0M	10M
Net Interest Income	-153M	-37M	-60M	-81M	-44M	-29M	-29M	-36M	-25M	-31M	-3M	6M	22M	24M	-46M	-32M	-39M	-46M	-24M	-32M	-30M	0M	0M	0M	-49M	-22M	0M	-10M
Unusual Items	110M	126M	132M	177M	228M	221M	234M	41M	41M	97M	113M	-83M	-119M	106M	144M	123M	0M	-1M	-51M	345M	54M	35M	4M	0M	1M	1M	10M	2M
EBT Excluding Unusual Items	128M	251M	-19M	-35M	-18M	-35M	-72M	5M	-11M	-8M	-28M	140M	242M	132M	62M	118M	271M	193M	147M	368M	50M	41M	47M	35M	109M	137M	97M	52M
Pre-Tax Income	238M	377M	113M	142M	210M	186M	162M	46M	30M	89M	85M	57M	123M	238M	206M	241M	271M	192M	97M	713M	104M	77M	52M	35M	109M	138M	107M	54M
Pre-Tax Margin	3.6%	5.5%	3.4%	4.3%	6.0%	6.4%	7.5%	1.6%	1.0%	3.2%	3.5%	2.1%	4.3%	8.5%	8.0%	8.6%	9.9%	8.5%	3.7%	27.6%	4.6%	3.6%	2.6%	1.8%	4.7%	7.5%	6.5%	3.3%
Income Tax Expense	46M	77M	17M	29M	55M	38M	37M	-19M	-9M	46M	44M	14M	31M	45M	36M	-13M	54M	35M	19M	157M	19M	9M	6M	2M	7M	4M	4M	1M
Net Income	189M	298M	92M	114M	154M	147M	125M	72M	44M	42M	43M	46M	101M	194M	170M	254M	217M	166M	91M	567M	85M	67M	72M	33M	102M	134M	103M	51M
Net Income Margin	2.9%	4.4%	2.7%	3.4%	4.4%	5.1%	5.8%	2.5%	1.4%	1.5%	1.8%	1.7%	3.5%	6.9%	6.6%	9.1%	8.0%	7.3%	3.5%	21.9%	3.8%	3.2%	3.7%	1.7%	4.4%	7.2%	6.3%	3.1%
Depreciation & Amortization	131M	93M	66M	72M	22M	40M	28M	26M	56M	63M	64M	70M	73M	82M	77M	90M	75M	100M	86M	59M	63M	60M	45M	41M	28M	16M	14M	15M
EBITDA	413M	381M	107M	118M	48M	34M	-15M	67M	70M	86M	39M	204M	294M	190M	185M	240M	386M	339M	257M	458M	143M	102M	92M	76M	186M	175M	112M	78M
EBITDA Margin	6.3%	5.6%	3.2%	3.6%	1.4%	1.2%	-0.7%	2.3%	2.3%	3.1%	1.6%	7.6%	10.2%	6.8%	7.2%	8.6%	14.2%	14.9%	9.9%	17.7%	6.4%	4.8%	4.7%	4.0%	8.0%	9.4%	6.8%	4.7%
NOPAT	227M	229M	35M	36M	19M	-5M	-33M	59M	17M	11M	-12M	102M	165M	88M	89M	158M	249M	196M	138M	311M	66M	36M	42M	33M	148M	155M	94M	61M
NOPAT Margin	3.5%	3.4%	1.0%	1.1%	0.5%	-0.2%	-1.6%	2.0%	0.6%	0.4%	-0.5%	3.8%	5.8%	3.1%	3.5%	5.7%	9.1%	8.6%	5.3%	12.1%	2.9%	1.7%	2.1%	1.7%	6.4%	8.4%	5.7%	3.7%
Owner's Earnings	158M	201M	63M	105M	101M	70M	94M	25M	46M	45M	67M	81M	118M	213M	189M	193M	194M	119M	-70M	296M	-5M	51M	17M	17M	21M	129M	104M	50M
Owner's Earnings Margin	2.4%	3.0%	1.9%	3.2%	2.9%	2.4%	4.4%	0.9%	1.5%	1.6%	2.8%	3.0%	4.1%	7.6%	7.4%	6.9%	7.1%	5.2%	-2.7%	11.4%	-0.2%	2.4%	0.9%	0.9%	0.9%	6.9%	6.4%	3.1%
EPS (Basic)	0.62	0.98	0.30	0.37	0.50	0.48	0.41	0.24	0.14	0.14	0.14	0.15	0.34	0.65	0.57	0.84	0.71	0.52	0.28	1.70	0.26	0.20	0.22	0.10	0.14	0.42	0.30	0.14
EPS (Diluted)	0.62	0.97	0.30	0.37	0.50	0.48	0.41	0.24	0.14	0.14	0.14	0.15	0.34	0.65	0.57	0.84	0.71	0.52	0.28	1.70	0.25	0.20	0.22	0.10	0.32	0.41	0.30	0.14
Shares (Basic)	306M	306M	306M	306M	306M	306M	306M	306M	306M	306M	306M	306M	301M	297M	297M	302M	305M	316M	326M	332M	334M	332M	329M	326M	313M	321M	344M	358M
Shares (Diluted)	306M	306M	306M	306M	306M	306M	306M	306M	306M	306M	306M	306M	301M	297M	297M	302M	305M	316M	326M	333M	335M	335M	335M	329M	322M	330M	347M	358M

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	2001-09-30	2000-09-30	1999-09-30	1998-09-30
Cash & Cash Equivalents	328.56M	333.64M	333.64M	557.72M	611.25M	417.53M	710.08M	359.58M	658.46M	503.36M	331.26M	610.60M	562.74M	2,699.10M	2,274.17M	1,839.24M	622.16M	452.13M	400.45M	671.68M	219.13M	205.43M	299.02M	182.58M	137.04M	153.80M	99.53M	376.73M	207.57M
Short-Term Investments	244.47M	260.13M	260.13M	317.67M	453.94M	680.23M	633.76M	3.36M	55.20M	490.13M	0.00M	550.25M	0.00M	0.00M	0.00M	0.00M	488.62M	301.71M	475.57M	317.25M	6.51M	0.00M	0.00M	0.00M	0.00M	23.45M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	573.04M	593.78M	593.78M	875.39M	1,065.19M	1,097.76M	1,343.84M	362.94M	713.67M	993.49M	331.26M	1,160.84M	562.74M	2,699.10M	2,274.17M	1,839.24M	1,110.77M	753.84M	876.02M	988.93M	225.64M	205.43M	299.02M	182.58M	137.04M	177.25M	99.53M	376.73M	207.57M
Net Receivables	621.04M	652.48M	652.48M	666.15M	578.97M	539.24M	473.17M	552.29M	433.31M	409.06M	375.43M	416.77M	421.02M	468.03M	451.30M	576.77M	-0.28M	0.11M	-76.62M	-0.11M	-1.48M	0.00M	362.62M	271.79M	421.11M	267.09M	291.22M	137.19M	140.46M
Inventory	746.06M	706.75M	706.75M	594.89M	531.90M	600.34M	388.27M	404.45M	456.41M	711.42M	698.62M	479.82M	498.70M	537.42M	427.30M	448.64M	455.79M	333.96M	371.82M	407.76M	406.41M	333.05M	328.79M	271.52M	313.30M	302.48M	197.62M	151.40M	196.71M
Other Current Assets	198.61M	213.13M	213.13M	32.64M	41.58M	62.24M	23.38M	804.04M	311.99M	299.56M	348.44M	278.84M	343.90M	214.64M	572.24M	126.69M	624.74M	737.68M	738.74M	430.93M	386.19M	0.00M	382.78M	200.30M	21.96M	274.17M	227.59M	281.40M	0.00M
Total Current Assets	2,138.74M	2,166.13M	2,166.13M	2,169.07M	2,217.64M	2,299.58M	2,228.66M	2,123.72M	1,915.38M	2,413.52M	1,753.74M	2,336.27M	1,826.35M	3,919.19M	3,725.01M	2,991.34M	2,191.02M	1,825.59M	1,909.95M	1,827.51M	1,016.75M	538.48M	1,373.20M	926.19M	893.41M	1,020.99M	815.96M	946.72M	544.75M
Property, Plant & Equipment	633.72M	529.38M	529.38M	507.62M	521.15M	548.95M	638.66M	608.71M	596.13M	609.98M	638.59M	732.33M	803.68M	840.61M	836.53M	858.55M	852.37M	858.86M	911.23M	733.01M	558.64M	435.33M	441.47M	404.73M	380.92M	29.00M	125.58M	101.35M	104.44M
Goodwill	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	28.22M	23.81M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	388.38M	539.24M	473.17M	552.29M	8.22M	6.53M	0.00M	416.77M	0.00M	0.00M	0.00M	0.00M	-0.28M	1.20M	1.89M	11.09M	14.57M	3.98M	4.67M	5.36M	6.05M	6.92M	6.92M	6.87M	6.86M
Long-Term Investments	35.12M	3,435.99M	3,435.99M	3,433.92M	-388.38M	-656.26M	0.35M	23.21M	-25.25M	-472.39M	1,205.71M	-531.55M	22.59M	20.94M	20.22M	0.00M	-467.90M	-281.42M	-455.03M	-297.04M	10.62M	15.37M	0.00M	0.00M	0.00M	18.85M	0.00M	59.29M	86.56M
Tax Assets	0.00M	12.76M	12.76M	3.64M	33.38M	42.87M	30.82M	29.11M	28.84M	26.01M	19.99M	32.03M	35.34M	39.73M	33.19M	29.11M	21.50M	9.06M	7.10M	6.35M	3.91M	2.54M	0.88M	1.77M	0.00M	23.45M	0.00M	0.00M	0.00M
Other Non-Current Assets	3,453.07M	34.80M	34.80M	3,542.05M	3,341.33M	89.27M	32.67M	32.20M	2,013.17M	2,234.78M	1,337.05M	26.44M	1,197.09M	1,206.13M	850.43M	708.85M	993.46M	650.41M	674.86M	496.55M	82.92M	44.96M	24.35M	22.82M	32.95M	266.61M	100.56M	18.08M	15.50M
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
Total Non-Current Assets	4,121.91M	4,012.92M	4,012.92M	7,487.23M	3,895.87M	564.07M	1,175.68M	1,245.51M	2,621.11M	2,404.91M	3,201.33M	676.02M	2,058.70M	2,107.40M	1,740.37M	1,596.51M	1,399.16M	1,238.11M	1,168.26M	973.77M	670.65M	502.17M	471.38M	434.68M	419.92M	344.83M	233.06M	185.59M	213.36M
Total Assets	6,260.65M	6,179.05M	6,179.05M	9,656.30M	6,113.50M	2,863.65M	3,404.34M	3,369.23M	4,536.49M	4,818.42M	4,955.07M	3,012.29M	3,885.06M	6,026.59M	5,465.39M	4,587.84M	3,590.17M	3,063.70M	3,078.21M	2,801.28M	1,687.40M	1,040.65M	1,844.58M	1,360.87M	1,313.33M	1,365.81M	1,049.02M	1,132.31M	758.11M
Accounts Payable	684.33M	675.88M	675.88M	695.84M	445.88M	581.59M	414.80M	417.16M	306.41M	361.38M	330.04M	310.69M	322.51M	356.36M	312.81M	143.31M	166.43M	162.79M	263.57M	296.08M	198.15M	148.58M	197.67M	160.72M	365.65M	395.04M	206.88M	140.10M	200.36M
Short-Term Debt	791.17M	767.94M	767.94M	900.11M	551.37M	608.25M	639.94M	812.22M	690.87M	1,387.70M	1,216.49M	1,364.93M	2,194.96M	2,417.71M	1,846.24M	1,496.32M	1,389.82M	990.41M	1,008.03M	374.77M	401.87M	305.72M	345.13M	343.78M	264.46M	306.28M	89.24M	61.51M	80.02M
Tax Payables	0.00M	0.00M	0.00M	62.15M	103.89M	76.73M	80.77M	59.60M	178.15M	186.90M	157.73M	157.07M	168.85M	173.96M	169.23M	169.10M	229.85M	185.05M	171.39M	116.66M	42.60M	32.90M	0.95M	2.98M	4.18M	7.54M	5.23M	1.05M	0.73M
Deferred Revenue	0.00M	101.05M	101.05M	113.00M	111.62M	87.78M	114.23M	230.22M	299.24M	44.23M	31.74M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	405.45M	0.00M	299.84M	0.00M	0.00M	0.95M	2.98M	0.00M	7.54M	5.23M	0.00M	0.00M
Other Current Liabilities	360.17M	233.52M	233.52M	128.40M	-28.69M	99.50M	64.02M	66.17M	219.70M	76.43M	247.68M	484.43M	455.19M	2.49M	413.55M	402.85M	406.02M	237.54M	4.57M	18.91M	280.15M	166.24M	171.54M	219.14M	0.00M	34.42M	210.89M	150.97M	0.00M
Total Current Liabilities	1,835.66M	1,778.38M	1,778.38M	1,899.50M	1,184.06M	1,453.86M	1,313.75M	1,585.37M	1,694.37M	2,056.63M	1,983.68M	2,317.13M	3,141.50M	2,950.53M	2,741.83M	2,211.57M	2,192.12M	1,981.24M	1,447.55M	1,106.25M	922.76M	653.45M	716.24M	729.60M	634.28M	750.82M	517.47M	353.63M	281.11M
Long-Term Debt	831.57M	836.07M	836.07M	742.15M	1,151.62M	1,068.83M	1,070.00M	582.50M	692.50M	0.00M	0.00M	0.00M	0.00M	118.00M	0.00M	0.00M	0.00M	82.00M	177.00M	483.00M	59.50M	63.00M	108.00M	23.40M	100.12M	22.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	14.39M	5.93M	5.93M	9.31M	12.70M	18.41M	25.42M	20.42M	0.02M	0.10M	0.15M	0.05M	0.18M	0.16M	0.32M	0.34M	0.61M	0.71M	0.17M	0.57M	0.63M	0.51M	0.52M	0.00M	1.10M	0.00M	0.00M	0.65M	0.63M
Deferred Tax Liabilities	335.54M	335.35M	335.35M	323.73M	351.71M	348.31M	299.69M	254.20M	256.80M	251.49M	178.05M	152.85M	167.81M	182.00M	126.84M	105.82M	80.97M	62.58M	37.55M	89.56M	8.56M	6.01M	2.01M	2.01M	3.43M	3.43M	2.20M	0.98M	0.98M
Other Non-Current Liabilities	72.04M	72.73M	72.73M	74.32M	69.57M	5.17M	3.73M	2.73M	2.80M	3.59M	6.58M	54.84M	54.13M	9.18M	14.48M	55.61M	2.49M	4.18M	20.37M	0.93M	1.32M	2.02M	1.78M	3.15M	4.49M	0.00M	0.21M	0.00M	0.00M
Total Non-Current Liabilities	1,253.53M	1,250.07M	1,250.07M	1,149.50M	1,585.59M	1,440.72M	1,398.83M	859.85M	952.13M	255.18M	184.77M	207.74M	222.12M	309.34M	141.64M	161.78M	84.07M	149.47M	235.08M	574.06M	70.00M	71.55M	112.32M	28.57M	109.14M	25.43M	2.41M	1.63M	1.61M
Total Liabilities	3,089.19M	3,028.46M	3,028.46M	3,049.00M	2,769.65M	2,894.57M	2,712.58M	2,445.22M	2,646.50M	2,311.81M	2,168.46M	2,524.87M	3,363.62M	3,259.87M	2,883.47M	2,373.35M	2,276.19M	2,130.70M	1,682.63M	1,680.31M	992.77M	725.00M	828.56M	758.16M	743.42M	776.25M	519.89M	355.26M	282.72M
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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	30.56M	30.56M	30.56M	30.56M	30.56M	30.56M	30.56M	30.56M	30.56M	30.56M	30.56M	30.56M	30.56M	29.72M	29.72M	30.07M	30.32M	30.91M	32.00M	32.88M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	33.52M	35.66M
Retained Earnings	0.00M	2,170.87M	2,170.87M	2,137.75M	2,081.97M	1,967.15M	1,826.91M	1,691.46M	1,646.84M	1,624.00M	1,602.58M	1,583.23M	1,569.38M	1,538.10M	1,411.63M	0.00M	1,133.90M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.25M	0.00M	0.00M	210.19M	171.18M
Accumulated OCI	0.00M	188.90M	627.30M	667.88M	766.55M	867.37M	756.65M	501.09M	-769.97M	-828.22M	-797.65M	-835.82M	-823.50M	-788.09M	-732.41M	-676.80M	-566.30M	-474.71M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-109.70M	-96.57M
Minority Interest	-25.01M	-25.33M	-25.33M	-29.57M	-28.74M	-30.09M	-30.49M	-31.14M	-30.13M	-25.32M	-25.31M	-23.58M	-1.65M	-1.18M	0.48M	0.00M	0.00M	0.00M	65.26M	89.64M	6.02M	0.80M	0.80M	9.00M	9.00M	19.76M	18.90M	15.18M	14.59M
Total Shareholders’ Equity	30.56M	2,390.33M	2,828.73M	2,836.19M	2,879.08M	2,865.08M	2,614.12M	2,223.11M	907.43M	826.34M	835.49M	777.97M	776.44M	779.73M	708.93M	-646.72M	597.92M	-443.79M	32.00M	32.88M	0.00M	0.00M	0.00M	0.00M	3.25M	0.00M	0.00M	134.01M	110.27M
Total Equity	5.56M	2,365.01M	2,803.40M	2,806.62M	2,850.34M	2,834.99M	2,583.63M	2,191.97M	877.30M	801.02M	810.19M	754.39M	774.79M	778.56M	709.42M	-646.72M	597.92M	-443.79M	97.26M	122.52M	6.02M	0.80M	0.80M	9.00M	12.25M	19.76M	18.90M	149.19M	124.85M
Total Liabilities & Equity	3,094.75M	5,393.46M	5,831.86M	5,855.62M	5,619.99M	5,729.56M	5,296.21M	4,637.19M	3,523.80M	3,112.83M	2,978.64M	3,279.26M	4,138.42M	4,038.43M	3,592.89M	1,726.63M	2,874.11M	1,686.91M	1,779.90M	1,802.83M	998.78M	725.80M	829.36M	767.16M	755.67M	796.01M	538.79M	504.45M	407.57M
Tangible Assets	6,260.65M	6,179.05M	6,179.05M	9,656.30M	5,725.12M	2,324.41M	2,931.16M	2,816.95M	4,528.26M	4,811.90M	4,955.07M	2,595.52M	3,885.06M	6,026.59M	5,465.39M	4,587.84M	3,590.45M	3,062.49M	3,048.10M	2,766.38M	1,672.84M	1,036.67M	1,839.91M	1,355.50M	1,307.27M	1,358.89M	1,042.11M	1,125.44M	751.24M
Tangible Equity	5.56M	2,365.01M	2,803.40M	2,806.62M	2,461.95M	2,295.75M	2,110.46M	1,639.69M	869.08M	794.50M	810.19M	337.63M	774.79M	778.56M	709.42M	-646.72M	598.20M	-445.00M	67.16M	87.62M	-8.55M	-3.18M	-3.87M	3.64M	6.20M	12.85M	11.98M	142.31M	117.99M
Tangible Book Value	5.56M	2,365.01M	2,803.40M	2,806.62M	2,461.95M	2,295.75M	2,110.46M	1,639.69M	869.08M	794.50M	810.19M	337.63M	774.79M	778.56M	709.42M	-646.72M	598.20M	-445.00M	67.16M	87.62M	-8.55M	-3.18M	-3.87M	3.64M	6.20M	12.85M	11.98M	142.31M	117.99M
Total Investments	440.51M	3,696.12M	3,696.12M	3,751.59M	65.56M	23.98M	634.10M	26.57M	29.95M	17.75M	1,205.71M	18.70M	22.59M	20.94M	20.22M	21.61M	20.72M	20.30M	20.54M	20.21M	17.13M	15.37M	24.35M	22.82M	32.95M	42.30M	100.56M	59.29M	86.56M
Net Debt	1,294.17M	1,270.36M	1,270.36M	1,084.53M	1,091.74M	1,259.55M	999.86M	1,035.14M	724.91M	884.34M	885.24M	754.34M	1,632.22M	-163.39M	-427.94M	-342.92M	767.67M	620.28M	784.57M	186.09M	242.24M	163.30M	154.11M	184.60M	227.53M	174.49M	-10.29M	-315.22M	-127.55M

Capital Metrics

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-09-30	2000-09-30	1999-09-30	1998-09-30
Working Capital	299.2M	329.8M	329.8M	193.3M	830.7M	757.2M	906.1M	513.7M	825.2M	370.3M	352.2M	435.0M	697.4M	868.0M	714.0M	706.3M	537.4M	553.5M	658.4M	1,349.0M	193.9M	275.3M	293.6M	199.3M	258.6M	277.3M	303.7M	358.1M	290.5M
Total Capital	4,828.0M	4,722.2M	4,722.2M	4,775.4M	4,882.4M	4,848.2M	4,636.6M	3,925.9M	3,905.2M	3,933.2M	3,405.1M	3,629.8M	4,708.3M	5,182.2M	4,138.7M	3,637.9M	3,244.0M	2,630.6M	2,730.2M	2,517.7M	1,250.9M	1,074.6M	1,105.0M	963.3M	926.6M	904.9M	604.7M	595.6M	568.4M
Capital Employed	4,421.1M	4,342.7M	4,342.7M	4,246.6M	4,726.5M	4,565.5M	4,262.9M	3,330.5M	3,446.3M	2,775.2M	2,347.9M	2,448.9M	2,733.5M	2,954.4M	2,434.1M	2,302.8M	1,937.4M	1,791.6M	1,826.7M	2,322.8M	864.5M	777.5M	765.0M	634.0M	678.5M	622.1M	536.8M	543.7M	503.9M
Invested Capital	4,499.4M	4,388.6M	4,388.6M	4,217.7M	4,271.2M	4,430.7M	3,926.5M	3,566.3M	3,246.8M	3,429.9M	3,073.8M	3,019.2M	4,145.6M	2,483.1M	1,864.6M	1,798.7M	2,621.9M	2,178.5M	2,329.7M	1,846.1M	1,031.8M	869.2M	806.0M	780.7M	789.5M	751.1M	505.2M	218.8M	360.9M

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	2001-09-30	2000-09-30	1999-09-30	1998-09-30
Net Income	189.19M	297.84M	112.77M	113.66M	210.21M	185.85M	161.67M	46.03M	29.75M	88.60M	85.23M	57.01M	123.24M	237.76M	205.56M	240.57M	270.98M	192.46M	96.90M	712.69M	85.14M	67.43M	72.40M	33.27M	101.88M	133.88M	103.31M	51.04M
Depreciation & Amortization	103.59M	127.93M	65.88M	72.50M	70.67M	73.85M	58.33M	55.66M	58.33M	63.34M	63.68M	69.66M	73.35M	82.24M	77.27M	90.12M	75.31M	100.18M	85.58M	58.75M	63.04M	60.39M	44.82M	41.08M	28.48M	15.60M	14.34M	15.33M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-160.34M	131.75M	-43.18M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	0.88M	0.96M	0.08M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-443.00M	-187.28M	-239.39M	56.43M	34.95M	-71.01M	34.52M	-2.32M	146.79M	-148.40M	-111.01M	35.15M	40.07M	-32.80M	104.89M	25.29M	-361.35M	237.17M	8.49M	-89.69M	28.80M	-80.55M	-76.44M	2.09M	-27.17M	-52.54M	73.13M	126.52M
Accounts Receivable	-122.54M	-84.06M	-20.31M	-102.23M	-42.48M	-62.82M	-52.75M	-107.76M	-30.21M	-33.31M	34.75M	1.40M	15.86M	-10.11M	-10.40M	0.00M	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	-211.74M	-193.82M	-122.66M	-89.08M	53.11M	-220.38M	186.52M	45.91M	-26.36M	-87.96M	-28.15M	2.08M	37.59M	-99.69M	22.53M	-18.04M	-137.51M	23.96M	31.50M	-17.28M	-73.34M	-3.40M	-60.21M	41.78M	-13.64M	-20.07M	45.31M	112.10M
Accounts Payable	0.00M	0.00M	-2.95M	252.05M	-83.79M	156.61M	-18.03M	113.02M	-59.44M	19.01M	19.19M	-4.15M	0.00M	0.00M	0.00M	0.00M	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	-108.73M	90.61M	-93.48M	-4.32M	108.12M	55.58M	-81.22M	-53.49M	173.15M	-60.44M	-82.86M	33.08M	2.48M	66.88M	82.36M	43.33M	-223.84M	213.21M	-23.01M	-72.42M	102.14M	-77.15M	-16.22M	-39.70M	-13.54M	-32.47M	27.82M	14.42M
Other Non-Cash Items	286.37M	280.79M	45.49M	33.67M	-49.22M	-150.81M	12.17M	11.46M	12.64M	-87.24M	-126.17M	-98.98M	-101.21M	-247.40M	-203.64M	-162.39M	7.76M	-111.80M	23.58M	-597.93M	-1.93M	31.44M	102.23M	41.85M	34.81M	-7.84M	-2.01M	24.37M
Net Cash from Operating Activities	136.15M	390.81M	-15.25M	276.25M	266.61M	37.88M	107.22M	243.53M	204.41M	-83.70M	-88.27M	62.85M	135.46M	39.80M	184.07M	193.59M	-7.31M	418.01M	214.55M	83.82M	175.06M	78.71M	143.01M	118.27M	138.00M	89.11M	188.77M	217.27M
Capital Expenditures (PPE)	-162.22M	-189.87M	-94.77M	-81.64M	-75.26M	-117.62M	-58.19M	-72.02M	-54.21M	-60.66M	-40.01M	-35.51M	-56.95M	-63.31M	-57.94M	-150.50M	-98.15M	-146.69M	-246.40M	-329.83M	-153.41M	-76.99M	-99.81M	-57.66M	-108.90M	-20.85M	-13.16M	-16.31M
Acquisitions (Net)	5.62M	5.04M	-21.62M	0.00M	0.49M	-133.50M	-53.74M	2.24M	1.13M	0.41M	4.34M	5.16M	-45.84M	0.00M	-9.33M	0.00M	0.00M	-54.85M	2.00M	303.20M	-15.95M	-2.79M	0.00M	0.00M	-30.27M	-74.13M	32.80M	-9.86M
Purchases of Investments	-628.79M	-734.86M	-205.12M	-1,070.26M	-582.35M	-670.09M	-603.41M	-293.71M	-333.67M	-492.18M	-674.80M	-553.09M	0.00M	0.00M	0.00M	0.00M	-303.49M	-51.66M	-599.43M	0.00M	0.00M	10.29M	0.00M	0.00M	-23.45M	0.00M	-55.17M	-28.03M
Sales / Maturities of Investments	563.95M	769.15M	301.12M	1,006.65M	777.75M	662.36M	578.93M	54.25M	478.06M	641.74M	718.53M	42.25M	0.00M	0.00M	0.00M	0.00M	0.00M	74.99M	136.66M	0.00M	0.00M	13.76M	0.00M	0.00M	2.20M	0.00M	0.00M	0.00M
Other Investing Activities	82.42M	-202.46M	-24.38M	26.54M	-132.98M	8.14M	-40.34M	-138.11M	-40.20M	171.84M	82.61M	1,464.67M	-11.38M	-345.11M	-398.07M	121.22M	251.65M	129.06M	-20.32M	24.29M	-35.14M	18.55M	12.58M	17.79M	33.77M	69.75M	1.27M	1.45M
Net Cash from Investing Activities	-139.02M	-352.99M	-44.77M	-118.71M	-12.35M	-250.71M	-176.75M	-447.35M	51.12M	111.18M	42.60M	923.48M	-114.16M	-408.43M	-465.33M	-29.28M	-149.99M	-49.15M	-727.49M	-2.33M	-204.49M	-37.18M	-87.24M	-39.87M	-126.66M	-25.24M	-34.27M	-52.75M
Net Debt Issuance	-109.85M	35.27M	-27.05M	-58.76M	38.15M	-41.87M	452.19M	-11.67M	-4.47M	167.85M	-154.93M	-830.25M	-342.74M	681.37M	336.02M	120.51M	399.03M	-199.46M	337.76M	390.45M	88.01M	-82.28M	85.39M	-15.72M	117.48M	-2.48M	0.00M	-7.63M
Long-Term Debt Issuance	0.00M	35.27M	-27.05M	-58.76M	38.15M	-32.85M	452.19M	134.01M	-4.49M	167.85M	-0.15M	-0.13M	-342.79M	681.37M	336.02M	120.51M	399.03M	-199.21M	322.75M	388.53M	88.01M	-82.68M	85.39M	-15.72M	117.48M	-2.48M	0.00M	-7.63M
Short-Term Debt Issuance	-109.85M	0.00M	0.00M	0.00M	0.00M	-9.02M	0.00M	-145.68M	0.01M	167.85M	-153.72M	-830.17M	0.05M	0.00M	0.00M	0.00M	0.00M	-0.24M	15.01M	1.91M	0.00M	0.41M	0.00M	0.00M	0.00M	0.00M	1.27M	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	-10.22M	-7.78M	-15.18M	-24.32M	-19.94M	-20.07M	-0.16M	0.00M	0.00M	0.00M	-0.56M	-27.18M	-12.20M	-1.04M
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	0.00M	0.00M	0.00M	0.00M	0.00M	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 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	-10.22M	-7.78M	-15.18M	-24.32M	-19.94M	-20.07M	-0.16M	0.00M	0.00M	0.00M	-0.56M	-27.18M	-12.20M	-1.04M
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
Net Dividends Paid	-94.74M	-33.62M	-47.37M	-47.37M	-27.51M	-15.28M	-9.17M	-18.34M	-18.34M	-18.34M	-18.34M	-24.45M	-34.24M	-59.44M	-59.44M	-60.50M	-54.82M	-18.97M	0.00M	0.00M	-26.74M	-26.65M	-19.74M	-9.76M	-61.76M	-60.07M	0.00M	0.00M
Common Dividends Paid	-94.74M	-33.62M	-47.37M	-47.37M	-27.51M	-15.28M	-9.17M	-18.34M	-18.34M	-18.34M	-18.34M	-24.45M	-34.24M	-59.44M	-59.44M	-60.50M	-54.82M	-18.97M	-58.81M	-73.11M	-26.74M	-26.65M	-19.74M	-9.76M	-61.76M	-60.07M	-24.94M	0.00M
Preferred Dividends Paid	0.00M	13.75M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-61.86M	-82.38M	-81.01M	-90.82M	-48.60M	-27.98M	-43.86M	-55.03M	-38.45M	-29.76M	-29.36M	-53.11M	-52.36M	-61.45M	-45.30M	-32.14M	-39.39M	-84.26M	-61.33M	10.76M	-24.97M	-24.49M	-5.01M	-9.01M	2.10M	57.69M	25.91M	0.24M
Net Cash from Financing Activities	-266.44M	-66.97M	-155.43M	-196.95M	-37.95M	-85.13M	399.16M	-85.03M	-61.24M	113.99M	-202.63M	-907.81M	-429.33M	560.47M	221.05M	6.32M	289.64M	-327.00M	197.68M	357.50M	36.15M	-133.42M	60.64M	-34.48M	57.26M	-32.04M	-11.22M	-8.42M
Effect of FX on Cash	-6.73M	-33.62M	-8.62M	-14.12M	-22.58M	5.41M	20.86M	-10.02M	-38.48M	31.01M	-32.11M	-30.62M	-15.85M	27.70M	7.02M	27.87M	37.30M	10.21M	44.19M	14.02M	7.34M	0.07M	-0.19M	-0.33M	1.11M	1.47M	-0.42M	2.09M
Net Change in Cash	-260.14M	119.67M	-224.08M	-53.53M	193.72M	-292.55M	350.50M	-298.88M	155.80M	172.47M	-280.40M	47.90M	-423.89M	219.55M	-53.19M	198.51M	169.64M	52.07M	-271.07M	453.00M	14.04M	-91.83M	116.22M	43.60M	-22.76M	-36.74M	115.93M	122.43M
Cash at Beginning of Period	2,114.92M	1,456.02M	557.72M	611.25M	417.53M	710.08M	359.58M	658.46M	502.66M	330.20M	610.59M	562.69M	986.58M	767.04M	820.23M	621.72M	452.07M	400.01M	671.08M	218.08M	204.03M	295.86M	179.64M	136.04M	258.29M	295.03M	179.10M	56.67M
Cash at End of Period	1,854.78M	1,575.69M	333.64M	557.72M	611.25M	417.53M	710.08M	359.58M	658.46M	502.66M	330.20M	610.59M	562.69M	986.58M	767.04M	820.23M	621.72M	452.07M	400.01M	671.08M	218.08M	204.03M	295.86M	179.64M	235.53M	258.29M	295.03M	179.10M
Operating Cash Flow	200.58M	390.81M	-15.25M	276.25M	266.61M	37.88M	107.22M	243.53M	204.41M	-83.70M	-88.27M	62.85M	135.46M	39.80M	184.07M	193.59M	-7.31M	418.01M	214.55M	83.82M	175.06M	78.71M	143.01M	118.27M	138.00M	89.11M	188.77M	217.27M
Capital Expenditure	-162.22M	-189.87M	-94.77M	-81.64M	-75.26M	-117.62M	-58.19M	-72.02M	-54.21M	-60.66M	-40.01M	-35.51M	-56.95M	-63.31M	-57.94M	-150.50M	-98.15M	-146.69M	-246.40M	-329.83M	-153.41M	-76.99M	-99.81M	-57.66M	-108.90M	-20.85M	-13.16M	-16.31M
Free Cash Flow	38.37M	200.94M	-110.02M	194.61M	191.35M	-79.74M	49.03M	171.51M	150.20M	-144.37M	-128.28M	27.33M	78.50M	-23.51M	126.14M	43.10M	-105.46M	271.32M	-31.85M	-246.01M	21.65M	1.72M	43.20M	60.62M	29.10M	68.26M	175.61M	200.96M

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	2001-09-30	2000-09-30	1999-09-30	1998-09-30
EBITDA	162.33M	297.76M	106.96M	137.27M	48.24M	34.44M	-15.29M	29.13M	-9.57M	-6.07M	-108.45M	16.02M	95.57M	-11.09M	-10.51M	98.18M	152.77M	188.15M	115.10M	145.63M	140.30M	79.98M	94.91M	76.50M	156.46M	150.40M	1,658.30M	1,648.83M
(-) Tax Adjustment	31.43M	60.61M	15.98M	28.39M	12.58M	7.09M	-3.45M	0.00M	0.00M	-2.12M	-37.96M	3.87M	23.96M	-2.10M	-1.83M	0.00M	30.43M	34.22M	22.03M	32.14M	25.63M	9.58M	10.43M	4.33M	9.85M	3.86M	54.11M	41.09M
(-) Change In Working Capital	-443.00M	-187.28M	-239.39M	56.43M	34.95M	-71.01M	34.52M	-2.32M	146.79M	-148.40M	-111.01M	35.15M	40.07M	-32.80M	104.89M	25.29M	-361.35M	237.17M	8.49M	-89.69M	28.80M	-80.55M	-76.44M	2.09M	-27.17M	-52.54M	73.13M	126.52M
(-) Capital Expenditure	-162.22M	-189.87M	-94.77M	-81.64M	-75.26M	-117.62M	-58.19M	-72.02M	-54.21M	-60.66M	-40.01M	-35.51M	-56.95M	-63.31M	-57.94M	-150.50M	-98.15M	-146.69M	-246.40M	-329.83M	-153.41M	-76.99M	-99.81M	-57.66M	-108.90M	-20.85M	-13.16M	-16.31M
Unlevered Free Cash Flow	411.68M	234.56M	235.60M	-29.18M	-74.55M	-19.26M	-104.54M	-40.57M	-210.57M	83.79M	0.50M	-58.52M	-25.42M	-39.50M	-171.51M	-77.61M	385.55M	-229.94M	-161.82M	-126.66M	-67.54M	73.96M	61.10M	12.42M	64.89M	178.22M	1,517.90M	1,464.91M
(-) Net Interest Income After Taxes	-123.73M	-29.56M	-50.98M	-64.02M	-32.65M	-23.01M	-22.57M	-36.19M	-24.50M	-19.97M	-1.76M	4.28M	16.28M	19.59M	-37.79M	-31.88M	-31.46M	-37.55M	-19.13M	-25.07M	-24.65M	0.00M	0.00M	-0.15M	-46.04M	-21.07M	0.00M	-9.55M
Net Debt Issuance	-109.85M	35.27M	-27.05M	-58.76M	38.15M	-41.87M	452.19M	-11.67M	-4.47M	167.85M	-154.93M	-830.25M	-342.74M	681.37M	336.02M	120.51M	399.03M	-199.46M	337.76M	390.45M	88.01M	-82.28M	85.39M	-15.72M	117.48M	-2.48M	0.00M	-7.63M
Levered Free Cash Flow	425.56M	299.40M	259.53M	-23.92M	-3.75M	-38.11M	370.21M	-16.05M	-190.54M	271.60M	-152.67M	-893.04M	-384.43M	622.27M	202.30M	74.79M	816.04M	-391.84M	195.07M	288.86M	45.13M	-8.32M	146.49M	-3.14M	228.41M	196.82M	1,517.90M	1,466.83M