Golik Holdings Limited (1118.HK)

Industry: Steel Sector: Basic Materials Currency Used: HK Live Price: $1.24

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
Stock Price	0.82	0.70	0.92	0.93	0.62	0.64	0.80	1.00	0.93	1.00	0.78	0.73	0.69	0.63	0.69	0.34	0.23	0.39	0.27	0.25	0.27	0.48	0.31	0.20	0.31
Market Capitalization	468.12M	402.06M	525.56M	534.17M	356.11M	360.43M	446.74M	559.14M	522.60M	561.93M	438.31M	407.40M	387.73M	354.01M	386.50M	194.32M	131.63M	219.90M	154.56M	139.01M	150.67M	274.87M	175.80M	116.01M	176.43M
(-) Cash & Equivalents	526.02M	576.46M	546.73M	599.95M	343.98M	343.83M	375.35M	364.82M	501.78M	331.45M	433.43M	374.14M	330.94M	297.99M	326.13M	169.73M	238.59M	158.33M	138.82M	116.80M	100.79M	93.98M	0.45M	0.44M	0.14M
(+) Total Debt	720.65M	1,142.83M	1,509.47M	1,394.56M	937.60M	1,111.39M	972.28M	771.54M	442.66M	369.64M	791.63M	905.45M	754.99M	925.53M	842.78M	402.96M	704.76M	614.51M	507.65M	548.42M	636.34M	513.71M	52.81M	20.53M	7.37M
Enterprise Value	662.75M	968.43M	1,488.29M	1,328.78M	949.73M	1,127.99M	1,043.67M	965.87M	463.48M	600.13M	796.51M	938.71M	811.78M	981.55M	903.14M	427.55M	597.80M	676.09M	523.38M	570.64M	686.21M	694.61M	228.17M	136.09M	183.65M

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
Revenue	7,448M	8,314M	3,446M	4,146M	4,271M	4,054M	2,991M	2,804M	3,087M	2,742M	2,160M	2,525M	3,201M	3,070M	2,917M	2,826M	3,343M	2,933M	3,546M	2,728M	2,054M	2,278M	2,555M	2,162M	1,239M	1,008M	1,121M
Cost of Revenue	6,101M	7,358M	2,797M	3,522M	3,818M	3,539M	2,495M	2,426M	2,842M	2,380M	1,762M	2,118M	2,760M	2,679M	2,565M	2,501M	2,968M	2,560M	3,262M	2,511M	1,788M	2,005M	2,322M	1,943M	994M	846M	930M
Gross Profit	1,348M	956M	649M	624M	453M	515M	496M	378M	245M	362M	398M	406M	441M	391M	352M	325M	375M	373M	284M	217M	266M	274M	233M	220M	246M	163M	191M
Gross Profit Margin	18.1%	11.5%	18.8%	15.1%	10.6%	12.7%	16.6%	13.5%	7.9%	13.2%	18.4%	16.1%	13.8%	12.7%	12.1%	11.5%	11.2%	12.7%	8.0%	8.0%	12.9%	12.0%	9.1%	10.2%	19.8%	16.1%	17.1%
R&D Expenses	97M	56M	49M	46M	45M	58M	44M	33M	33M	28M	15M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	799M	636M	371M	374M	304M	325M	312M	286M	276M	296M	283M	264M	275M	265M	242M	217M	258M	250M	233M	190M	199M	196M	234M	192M	177M	128M	141M
Operating Expenses	794M	664M	372M	420M	281M	299M	276M	274M	269M	265M	267M	272M	271M	278M	252M	193M	236M	276M	207M	190M	199M	201M	239M	196M	152M	87M	124M
Operating Income (EBIT)	554M	292M	277M	204M	172M	216M	220M	104M	-24M	97M	131M	134M	170M	112M	100M	133M	139M	97M	77M	27M	67M	73M	-6M	24M	94M	75M	67M
Operating Income Margin	7.4%	3.5%	8.1%	4.9%	4.0%	5.3%	7.3%	3.7%	-0.8%	3.6%	6.1%	5.3%	5.3%	3.7%	3.4%	4.7%	4.2%	3.3%	2.2%	1.0%	3.3%	3.2%	-0.2%	1.1%	7.6%	7.4%	6.0%
Interest Income	-7M	40M	6M	5M	3M	2M	3M	3M	2M	2M	3M	3M	2M	3M	2M	1M	2M	2M	3M	3M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	76M	50M	34M	53M	42M	27M	32M	42M	27M	16M	12M	17M	28M	26M	30M	22M	26M	23M	40M	35M	13M	8M	47M	3M	46M	43M	33M
Net Interest Income	-82M	-11M	-28M	-48M	-39M	-25M	-29M	-40M	-25M	-14M	-9M	-14M	-26M	-24M	-27M	-21M	-24M	-21M	-38M	-32M	-13M	-8M	-47M	-3M	-46M	-43M	-33M
Unusual Items	-63M	58M	-41M	23M	-27M	58M	-50M	-50M	-29M	-14M	-12M	4M	-3M	26M	22M	-4M	0M	28M	21M	36M	0M	0M	30M	21M	23M	22M	25M
EBT Excluding Unusual Items	471M	282M	249M	156M	133M	191M	191M	65M	-49M	83M	122M	120M	144M	89M	72M	112M	115M	76M	39M	-5M	54M	65M	-53M	21M	48M	32M	34M
Pre-Tax Income	409M	339M	208M	179M	106M	249M	141M	14M	-78M	69M	111M	125M	142M	115M	94M	108M	115M	103M	60M	31M	54M	65M	-23M	41M	70M	53M	59M
Pre-Tax Margin	5.5%	4.1%	6.0%	4.3%	2.5%	6.1%	4.7%	0.5%	-2.5%	2.5%	5.1%	4.9%	4.4%	3.7%	3.2%	3.8%	3.4%	3.5%	1.7%	1.1%	2.7%	2.9%	-0.9%	1.9%	5.7%	5.3%	5.3%
Income Tax Expense	60M	48M	28M	18M	16M	28M	24M	6M	2M	20M	26M	23M	21M	13M	9M	8M	15M	19M	10M	1M	6M	8M	-1M	8M	6M	-3M	1M
Net Income	305M	258M	158M	139M	76M	198M	94M	8M	-80M	42M	73M	93M	107M	92M	82M	101M	91M	65M	42M	30M	48M	57M	-52M	13M	41M	34M	34M
Net Income Margin	4.1%	3.1%	4.6%	3.4%	1.8%	4.9%	3.1%	0.3%	-2.6%	1.5%	3.4%	3.7%	3.4%	3.0%	2.8%	3.6%	2.7%	2.2%	1.2%	1.1%	2.3%	2.5%	-2.0%	0.6%	3.3%	3.4%	3.0%
Depreciation & Amortization	118M	169M	83M	75M	81M	94M	97M	100M	38M	37M	40M	40M	42M	39M	37M	35M	39M	40M	38M	36M	36M	37M	42M	42M	29M	0M	0M
EBITDA	672M	461M	360M	279M	253M	311M	317M	204M	14M	135M	171M	174M	212M	151M	136M	167M	178M	137M	115M	63M	103M	110M	37M	66M	123M	75M	67M
EBITDA Margin	9.0%	5.5%	10.5%	6.7%	5.9%	7.7%	10.6%	7.3%	0.5%	4.9%	7.9%	6.9%	6.6%	4.9%	4.7%	5.9%	5.3%	4.7%	3.2%	2.3%	5.0%	4.8%	1.4%	3.0%	9.9%	7.4%	6.0%
NOPAT	472M	251M	240M	183M	146M	193M	183M	61M	-19M	69M	101M	109M	145M	100M	90M	123M	121M	80M	65M	26M	59M	64M	-4M	19M	86M	79M	66M
NOPAT Margin	6.3%	3.0%	7.0%	4.4%	3.4%	4.7%	6.1%	2.2%	-0.6%	2.5%	4.7%	4.3%	4.5%	3.2%	3.1%	4.3%	3.6%	2.7%	1.8%	1.0%	2.9%	2.8%	-0.2%	0.9%	6.9%	7.8%	5.9%
Owner's Earnings	277M	347M	122M	189M	107M	249M	140M	71M	-85M	-13M	25M	98M	124M	52M	92M	66M	32M	37M	34M	42M	72M	81M	-36M	-5M	10M	14M	-5M
Owner's Earnings Margin	3.7%	4.2%	3.6%	4.6%	2.5%	6.1%	4.7%	2.5%	-2.7%	-0.5%	1.2%	3.9%	3.9%	1.7%	3.2%	2.3%	0.9%	1.3%	1.0%	1.5%	3.5%	3.6%	-1.4%	-0.3%	0.8%	1.4%	-0.5%
EPS (Basic)	0.53	0.45	0.28	0.24	0.13	0.34	0.16	0.01	-0.14	0.08	0.13	0.17	0.19	0.16	0.15	0.18	0.16	0.12	0.07	0.05	0.07	0.06	-0.09	0.02	0.07	0.06	0.06
EPS (Diluted)	0.53	0.45	0.28	0.24	0.13	0.34	0.16	0.01	-0.14	0.08	0.13	0.17	0.19	0.16	0.15	0.18	0.16	0.12	0.07	0.05	0.09	0.10	-0.09	0.02	0.07	0.06	0.06
Shares (Basic)	574M	574M	574M	574M	574M	574M	574M	567M	562M	562M	562M	562M	562M	562M	562M	562M	562M	567M	567M	567M	567M	567M	567M	570M	567M	567M	566M
Shares (Diluted)	574M	574M	574M	574M	574M	574M	574M	567M	562M	562M	562M	562M	562M	562M	562M	562M	562M	567M	567M	567M	567M	567M	567M	570M	567M	571M	576M

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
Cash & Cash Equivalents	453.12M	599.49M	599.49M	652.13M	541.57M	672.72M	403.09M	304.67M	363.57M	383.17M	574.94M	381.06M	527.93M	464.72M	373.47M	351.05M	336.94M	339.47M	263.69M	163.28M	143.48M	124.85M	92.67M	125.16M	0.44M	0.45M	0.43M
Short-Term Investments	24.12M	0.00M	0.00M	0.00M	0.00M	0.00M	2.38M	2.23M	0.00M	5.03M	0.00M	100.00M	2.70M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	477.24M	599.49M	599.49M	652.13M	541.57M	672.72M	405.47M	306.90M	363.57M	388.19M	574.94M	481.06M	530.63M	464.72M	373.47M	351.05M	336.94M	339.47M	263.69M	163.28M	143.48M	124.85M	92.67M	125.16M	0.44M	0.45M	0.43M
Net Receivables	837.43M	751.25M	751.25M	966.78M	911.97M	832.93M	692.75M	588.44M	600.54M	739.37M	550.92M	471.76M	677.99M	772.65M	602.63M	670.70M	0.00M	0.00M	543.16M	654.52M	460.67M	432.58M	494.74M	0.00M	0.00M	0.00M	0.00M
Inventory	446.31M	605.81M	605.81M	590.54M	785.00M	760.90M	444.52M	579.18M	617.77M	595.61M	230.87M	232.61M	404.37M	435.34M	472.89M	577.38M	421.87M	404.25M	418.47M	325.49M	298.22M	309.37M	304.39M	277.47M	0.00M	0.00M	0.00M
Other Current Assets	20.34M	0.00M	0.00M	0.00M	0.00M	0.00M	35.56M	39.09M	0.45M	0.47M	0.44M	0.47M	678.52M	774.77M	42.64M	0.00M	0.00M	0.00M	0.00M	22.48M	0.00M	0.00M	-1.38M	22.41M	462.64M	270.01M	297.32M
Total Current Assets	1,781.31M	1,956.55M	1,956.55M	2,209.46M	2,238.54M	2,266.55M	1,578.30M	1,513.62M	1,582.33M	1,723.64M	1,357.17M	1,185.91M	2,291.51M	2,447.48M	1,491.63M	1,599.13M	758.82M	743.72M	1,225.32M	1,165.77M	902.37M	866.80M	890.43M	425.04M	463.08M	270.46M	297.74M
Property, Plant & Equipment	671.69M	684.40M	684.40M	634.50M	721.80M	780.64M	758.88M	755.63M	502.10M	507.08M	438.00M	413.54M	438.87M	471.68M	349.45M	354.09M	334.72M	299.50M	287.14M	242.39M	265.81M	293.54M	436.81M	461.40M	0.98M	0.84M	0.80M
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	1.97M	5.56M	6.99M	13.49M	5.40M	25.20M	0.00M	0.00M	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	12.64M	13.65M	13.30M	14.56M	15.84M	16.38M	16.68M	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	0.03M	0.06M	0.06M	0.01M	10.80M	9.42M	6.83M	5.97M	26.13M	5.62M	26.00M	-91.86M	0.21M	2.92M	23.50M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	6.61M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-26.13M	38.65M	-26.00M	126.45M	14.05M	-2.92M	-23.50M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.83M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	28.57M	19.85M	19.85M	16.75M	16.98M	22.25M	30.56M	27.86M	50.88M	11.78M	40.13M	10.71M	10.22M	23.97M	42.16M	49.87M	51.72M	84.52M	69.62M	58.16M	57.47M	49.82M	7.38M	6.70M	252.68M	249.88M	256.99M
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
Total Non-Current Assets	700.29M	704.30M	704.30M	651.26M	749.57M	812.31M	796.26M	789.46M	565.62M	576.77M	491.43M	473.40M	479.19M	512.03M	408.29M	403.96M	386.44M	384.02M	358.72M	306.11M	330.27M	364.28M	449.59M	493.30M	253.66M	250.73M	257.80M
Total Assets	2,481.60M	2,660.85M	2,660.85M	2,860.72M	2,988.11M	3,078.86M	2,374.56M	2,303.08M	2,147.96M	2,300.41M	1,848.60M	1,659.30M	2,770.70M	2,959.51M	1,899.92M	2,003.09M	1,145.25M	1,127.74M	1,584.04M	1,471.88M	1,232.64M	1,231.08M	1,340.02M	918.34M	716.74M	521.19M	555.54M
Accounts Payable	172.48M	275.59M	275.59M	261.55M	130.60M	103.37M	145.57M	159.91M	67.98M	237.81M	119.86M	121.54M	159.40M	148.15M	186.71M	74.14M	244.30M	228.83M	245.58M	252.01M	194.50M	188.49M	184.33M	262.20M	183.29M	0.00M	0.00M
Short-Term Debt	320.36M	498.72M	498.72M	906.13M	1,250.24M	1,245.79M	691.77M	791.46M	1,023.67M	847.94M	502.92M	306.83M	716.40M	911.20M	670.02M	922.85M	751.98M	802.17M	700.69M	641.16M	486.00M	503.83M	568.51M	515.08M	394.52M	20.00M	20.00M
Tax Payables	0.00M	0.00M	0.00M	5.32M	10.28M	6.06M	8.05M	4.67M	4.50M	9.86M	11.22M	12.91M	11.72M	8.07M	8.48M	5.85M	6.33M	5.67M	6.67M	1.50M	3.56M	0.81M	6.99M	4.88M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	21.10M	9.62M	38.43M	24.51M	7.38M	7.04M	0.00M	147.15M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	5.67M	0.00M	1.50M	3.56M	0.81M	6.99M	4.88M	0.00M	0.00M	0.00M
Other Current Liabilities	100.21M	67.49M	67.49M	143.79M	99.18M	138.17M	188.69M	140.79M	95.03M	128.65M	166.98M	166.29M	176.05M	167.60M	161.10M	187.81M	3.14M	-30.65M	3.55M	0.01M	2.79M	4.09M	7.58M	16.30M	-555.44M	0.00M	0.00M
Total Current Liabilities	593.05M	841.81M	841.81M	1,337.89M	1,499.92M	1,531.82M	1,058.59M	1,104.22M	1,198.21M	1,224.25M	948.13M	607.57M	1,063.57M	1,235.03M	1,026.31M	1,190.65M	1,005.75M	1,011.69M	956.48M	896.17M	690.41M	698.04M	774.39M	803.33M	22.37M	20.00M	20.00M
Long-Term Debt	32.59M	38.01M	38.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	28.33M	40.39M	53.20M	72.26M	14.26M	21.93M	0.00M	0.00M	15.96M	5.84M	9.61M	8.77M	48.24M	134.48M	96.79M	0.00M	2.11M
Capital Lease Obligations	179.97M	169.52M	169.52M	167.12M	233.07M	283.53M	261.11M	267.91M	0.43M	1.00M	1.81M	2.50M	2.73M	0.80M	0.44M	30.39M	2.04M	3.75M	2.82M	4.74M	7.20M	9.55M	10.48M	14.15M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	28.97M	28.97M	27.19M	24.13M	25.43M	20.88M	17.28M	22.45M	25.38M	21.55M	19.47M	18.27M	15.87M	16.03M	14.81M	13.65M	13.71M	11.71M	11.16M	11.74M	11.71M	13.60M	10.81M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	29.27M	28.97M	0.00M	27.19M	24.13M	25.43M	20.88M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	31.88M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-79.13M	0.00M	0.00M
Total Non-Current Liabilities	241.82M	265.47M	236.50M	221.51M	281.33M	334.38M	302.87M	285.19M	22.87M	26.37M	51.69M	62.36M	74.20M	88.92M	30.73M	67.12M	15.69M	49.34M	30.49M	21.74M	28.55M	30.04M	72.31M	159.43M	17.66M	0.00M	2.11M
Total Liabilities	834.87M	1,107.28M	1,078.31M	1,559.39M	1,781.26M	1,866.20M	1,361.45M	1,389.41M	1,221.08M	1,250.63M	999.81M	669.92M	1,137.77M	1,323.95M	1,057.04M	1,257.77M	1,021.44M	1,061.03M	986.97M	917.91M	718.96M	728.07M	846.70M	962.76M	40.03M	20.00M	22.11M
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
Common Stock	57.44M	57.44M	57.44M	57.44M	57.44M	57.44M	57.44M	57.44M	56.19M	56.19M	56.19M	56.19M	56.19M	56.19M	56.19M	56.19M	56.19M	56.74M	56.74M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Retained Earnings	0.00M	991.07M	991.07M	867.58M	761.92M	744.94M	583.82M	506.92M	537.61M	651.59M	622.47M	591.02M	533.73M	450.45M	380.71M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	0.00M	10.50M	10.50M	20.31M	27.18M	68.30M	52.43M	20.89M	-524.42M	-516.00M	-488.58M	-490.54M	-509.04M	-478.97M	-447.01M	-439.28M	-418.80M	-329.01M	-289.85M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	133.82M	130.86M	130.86M	118.60M	108.40M	113.20M	88.55M	61.15M	50.83M	52.19M	34.30M	33.81M	41.10M	33.33M	22.26M	19.09M	64.13M	92.42M	88.09M	79.34M	82.60M	102.83M	107.02M	104.77M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	57.44M	1,059.00M	1,059.00M	945.34M	846.54M	870.67M	693.69M	585.24M	69.38M	191.78M	190.08M	156.67M	80.88M	27.67M	-10.11M	-383.09M	-362.61M	-272.28M	-233.12M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Equity	191.25M	1,189.86M	1,189.86M	1,063.93M	954.94M	983.87M	782.24M	646.39M	120.21M	243.97M	224.38M	190.48M	121.97M	61.00M	12.15M	-364.00M	-298.48M	-179.86M	-145.03M	79.34M	82.60M	102.83M	107.02M	104.77M	0.00M	0.00M	0.00M
Total Liabilities & Equity	1,026.12M	2,297.14M	2,268.17M	2,623.33M	2,736.20M	2,850.07M	2,143.69M	2,035.80M	1,341.29M	1,494.60M	1,224.20M	860.40M	1,259.74M	1,384.95M	1,069.19M	893.77M	722.96M	881.17M	841.95M	997.26M	801.56M	830.91M	953.72M	1,067.53M	40.03M	20.00M	22.11M
Tangible Assets	2,481.60M	2,660.85M	2,660.85M	2,860.72M	2,988.11M	3,078.86M	2,374.56M	2,303.08M	2,135.31M	2,286.76M	1,835.30M	1,644.75M	2,754.86M	2,943.13M	1,883.24M	2,003.09M	1,145.25M	1,127.74M	1,582.08M	1,466.32M	1,225.65M	1,217.59M	1,334.62M	893.15M	716.74M	521.19M	555.54M
Tangible Equity	191.25M	1,189.86M	1,189.86M	1,063.93M	954.94M	983.87M	782.24M	646.39M	107.57M	230.32M	211.08M	175.92M	106.13M	44.62M	-4.53M	-364.00M	-298.48M	-179.86M	-146.99M	73.78M	75.61M	89.34M	101.62M	79.57M	0.00M	0.00M	0.00M
Tangible Book Value	191.25M	1,189.86M	1,189.86M	1,063.93M	954.94M	983.87M	782.24M	646.39M	107.57M	230.32M	211.08M	175.92M	106.13M	44.62M	-4.53M	-364.00M	-298.48M	-179.86M	-146.99M	73.78M	75.61M	89.34M	101.62M	79.57M	0.00M	0.00M	0.00M
Total Investments	24.15M	0.06M	0.06M	0.01M	10.80M	9.42M	9.20M	8.20M	26.13M	10.65M	26.00M	8.14M	2.91M	2.92M	23.50M	12.61M	10.22M	1.67M	1.77M	10.64M	8.31M	6.61M	1.30M	1.11M	252.25M	249.21M	256.28M
Net Debt	-100.17M	-62.76M	-62.76M	254.00M	708.67M	573.06M	288.67M	486.79M	660.10M	464.77M	-43.69M	-33.85M	241.68M	518.73M	310.82M	593.73M	415.04M	462.70M	452.96M	483.71M	352.14M	387.76M	524.07M	524.40M	490.86M	19.55M	21.68M

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
Working Capital	1,085.1M	1,022.1M	1,022.1M	910.3M	756.6M	763.2M	543.9M	416.1M	442.6M	566.3M	617.3M	619.8M	583.9M	475.1M	439.2M	380.3M	337.0M	347.8M	293.7M	276.4M	237.3M	189.4M	135.8M	188.6M	257.7M	242.6M	238.5M
Total Capital	1,971.1M	2,088.4M	2,088.4M	2,341.8M	2,653.0M	2,723.2M	1,969.8M	1,967.8M	1,959.0M	1,914.1M	1,556.6M	1,347.7M	1,720.9M	1,849.4M	1,479.5M	1,673.6M	1,399.1M	1,398.7M	1,258.5M	1,135.5M	962.4M	947.9M	1,038.9M	1,088.4M	533.9M	513.4M	516.2M
Capital Employed	1,785.4M	1,726.4M	1,726.4M	1,561.6M	1,506.1M	1,575.5M	1,340.1M	1,205.6M	1,008.3M	1,143.1M	1,108.7M	1,093.2M	1,063.0M	987.1M	847.5M	784.2M	723.5M	731.8M	652.4M	582.5M	567.6M	553.7M	585.4M	681.9M	511.4M	493.4M	496.2M
Invested Capital	1,518.0M	1,489.0M	1,489.0M	1,689.7M	2,111.5M	2,050.5M	1,566.7M	1,663.1M	1,595.4M	1,530.9M	981.6M	966.6M	1,192.9M	1,384.7M	1,106.0M	1,322.6M	1,062.2M	1,059.3M	994.8M	972.3M	818.9M	823.1M	946.2M	963.2M	533.5M	512.9M	515.8M

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
Net Income	304.50M	258.05M	158.10M	138.92M	106.18M	249.10M	141.30M	14.40M	-78.20M	69.17M	110.68M	124.81M	141.75M	114.86M	93.96M	108.20M	114.75M	103.20M	60.19M	30.21M	48.26M	56.62M	-52.27M	12.65M	41.23M	34.26M	33.71M
Depreciation & Amortization	73.61M	168.90M	0.00M	75.03M	81.16M	94.42M	96.87M	99.59M	38.43M	37.84M	40.31M	39.77M	41.65M	38.81M	36.56M	34.51M	39.24M	40.14M	38.00M	35.84M	35.86M	36.76M	42.32M	41.86M	29.22M	0.00M	0.00M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	300.20M	-277.99M	1,456.61M	1,953.10M	2,264.89M	1,705.18M	30.00M	194.66M	-85.89M	-385.51M	-101.58M	280.89M	120.94M	514.53M	209.60M	-233.28M	-71.78M	-20.29M	-50.13M	-157.17M	-20.15M	45.90M	-14.45M	-108.91M	-192.03M	0.00M	0.00M
Accounts Receivable	0.00M	-100.75M	215.74M	-92.03M	-87.26M	-114.25M	-116.05M	-9.55M	136.85M	-161.42M	-112.87M	168.67M	86.30M	-227.32M	35.33M	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	176.49M	-177.24M	-24.18M	200.67M	-27.37M	-327.11M	130.55M	63.18M	-31.26M	-350.83M	5.07M	155.52M	19.09M	34.09M	90.41M	-135.17M	-50.12M	21.05M	-114.26M	-27.07M	11.02M	-17.38M	-51.76M	-35.89M	-84.62M	0.00M	0.00M
Accounts Payable	0.00M	0.00M	1,264.32M	1,832.78M	2,407.25M	2,133.12M	-0.81M	141.03M	-188.13M	126.74M	6.22M	-43.35M	0.00M	0.00M	0.00M	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	123.71M	-43.63M	0.72M	11.68M	-27.73M	13.41M	16.30M	-0.01M	-54.63M	-34.69M	-106.65M	125.37M	101.86M	480.44M	119.19M	-98.11M	-21.67M	-41.34M	64.12M	-130.10M	-31.17M	63.28M	37.31M	-73.02M	-107.41M	0.00M	0.00M
Other Non-Cash Items	2,899.32M	5,529.77M	150.63M	75.30M	15.74M	-89.67M	50.12M	17.93M	10.53M	-30.70M	-12.88M	19.35M	46.79M	32.85M	43.75M	6.34M	14.41M	21.39M	74.85M	16.43M	49.01M	31.52M	94.99M	52.57M	48.26M	13.04M	-40.48M
Net Cash from Operating Activities	3,577.63M	5,618.92M	1,765.34M	2,242.34M	2,467.97M	1,959.02M	318.29M	326.57M	-115.12M	-309.20M	36.54M	464.81M	351.13M	701.04M	383.88M	-84.23M	96.62M	144.44M	122.91M	-74.69M	112.98M	170.79M	70.60M	-1.83M	-73.33M	47.30M	-6.77M
Capital Expenditures (PPE)	-110.64M	-80.31M	0.00M	-25.17M	-49.87M	-43.26M	-50.13M	-36.64M	-42.69M	-92.80M	-87.46M	-34.55M	-24.91M	-79.40M	-25.87M	-69.93M	-98.56M	-67.97M	-46.29M	-24.34M	-12.49M	-12.09M	-25.67M	-59.95M	-60.86M	-20.24M	-39.09M
Acquisitions (Net)	0.24M	28.98M	0.00M	0.00M	1.05M	45.35M	30.25M	1.45M	0.56M	-5.25M	2.79M	-3.50M	0.00M	-85.14M	17.52M	16.13M	-31.03M	0.00M	0.00M	0.00M	-4.24M	-0.44M	4.05M	-108.49M	-9.57M	-1.55M	7.18M
Purchases of Investments	-29.60M	0.00M	0.00M	0.00M	-1.95M	7.05M	-1.80M	-0.81M	0.00M	-7.42M	0.00M	-100.00M	-2.70M	16.49M	0.00M	0.00M	4.33M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-5.00M
Sales / Maturities of Investments	4.50M	6.65M	0.00M	0.00M	0.90M	2.38M	12.34M	1.15M	5.04M	0.00M	100.00M	2.70M	0.00M	20.89M	0.00M	0.00M	21.51M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.28M
Other Investing Activities	-26.59M	-5.39M	-114.16M	14.05M	1.32M	-8.75M	-2.30M	2.87M	6.86M	2.64M	5.77M	-8.76M	5.91M	43.91M	-37.21M	6.36M	5.37M	-14.24M	30.98M	27.56M	9.64M	31.36M	-36.77M	15.57M	3.59M	5.20M	-24.89M
Net Cash from Investing Activities	-162.09M	-50.08M	-114.16M	-11.11M	-48.55M	2.75M	-11.65M	-31.97M	-30.79M	-102.83M	18.31M	-144.11M	-21.70M	-83.26M	-45.57M	-47.43M	-98.37M	-82.21M	-15.32M	3.23M	-7.09M	18.83M	-58.39M	-152.88M	-66.84M	-16.59M	-59.51M
Net Debt Issuance	-2,356.70M	0.00M	-1,599.67M	-1,996.98M	-2,395.16M	-1,606.59M	-191.66M	-228.71M	183.20M	304.62M	192.98M	-409.40M	-212.96M	292.26M	-261.05M	184.48M	54.41M	85.26M	39.50M	144.24M	-215.70M	-249.59M	-222.50M	-65.07M	-3.14M	5.72M	31.97M
Long-Term Debt Issuance	-39.68M	0.00M	0.00M	-45.94M	-2,395.16M	-1,606.59M	-1,095.25M	-228.71M	-0.57M	8.10M	120.47M	-409.40M	-213.65M	201.54M	-624.34M	114.94M	37.50M	85.26M	39.50M	144.24M	-215.70M	-249.59M	-222.50M	-65.07M	-3.14M	5.72M	31.97M
Short-Term Debt Issuance	-2,317.02M	0.00M	-1,599.67M	-1,996.98M	0.00M	-1,606.59M	0.00M	-228.71M	183.20M	304.62M	72.51M	-89.44M	-62.06M	90.72M	-44.14M	69.54M	18.62M	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-2.08M	-0.12M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.12M	2.04M
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	0.12M	2.04M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-2.08M	-0.12M	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
Net Dividends Paid	-66.05M	-89.03M	-34.46M	-31.59M	-57.44M	-31.59M	-11.49M	-3.26M	-22.48M	-25.29M	-28.10M	-28.10M	-24.16M	-22.48M	-24.16M	-21.35M	-20.79M	-8.51M	-6.81M	-19.38M	-27.29M	-27.14M	-20.01M	-25.37M	-27.11M	0.00M	0.00M
Common Dividends Paid	-66.05M	-89.03M	-34.46M	-31.59M	-57.44M	-31.59M	-11.49M	-3.26M	-22.48M	-25.29M	-28.10M	-28.10M	-24.16M	-22.48M	-24.16M	-21.35M	0.00M	0.00M	-6.81M	-12.48M	-11.35M	-27.14M	-8.51M	-25.37M	-27.11M	-8.51M	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	0.00M	0.00M	0.00M	0.00M	-20.79M	-8.51M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-1,042.18M	-5,519.83M	-66.70M	-91.10M	-92.74M	-77.72M	-8.33M	-100.84M	-29.95M	-65.96M	-18.51M	-23.91M	-29.40M	-50.69M	-438.60M	-20.46M	-36.95M	-60.66M	-44.73M	-43.74M	172.95M	122.39M	188.07M	277.50M	150.97M	1.61M	29.47M
Net Cash from Financing Activities	-3,464.93M	-5,608.86M	-1,700.83M	-2,119.67M	-2,545.34M	-1,715.90M	-211.48M	-332.82M	130.77M	213.37M	146.37M	-461.41M	-266.52M	-529.13M	-315.80M	142.67M	-5.40M	15.97M	-12.04M	88.01M	-86.85M	-154.34M	-42.95M	187.07M	120.72M	-1.05M	63.49M
Effect of FX on Cash	1.71M	-3.20M	-2.99M	-1.00M	-5.24M	3.97M	4.45M	-2.08M	-4.46M	6.89M	-7.34M	-6.16M	0.29M	2.61M	-0.09M	3.10M	4.63M	0.53M	2.65M	3.05M	1.97M	0.61M	0.30M	-0.55M	-0.42M	0.03M	-0.01M
Net Change in Cash	-47.67M	-26.40M	-52.64M	110.56M	-131.15M	249.84M	99.62M	-40.30M	-19.60M	-191.77M	193.88M	-146.86M	63.21M	91.26M	22.42M	14.11M	-2.52M	78.73M	98.19M	19.59M	21.01M	35.89M	-30.44M	31.81M	-19.88M	29.69M	-2.81M
Cash at Beginning of Period	2,204.96M	2,293.38M	652.13M	541.57M	672.72M	422.88M	323.26M	363.57M	383.17M	574.94M	381.06M	527.93M	464.72M	373.47M	351.05M	336.94M	339.47M	260.74M	162.54M	142.95M	121.94M	86.06M	116.49M	84.68M	104.56M	74.87M	77.68M
Cash at End of Period	2,157.29M	2,266.98M	599.49M	652.13M	541.57M	672.72M	422.88M	323.26M	363.57M	383.17M	574.94M	381.06M	527.93M	464.72M	373.47M	351.05M	336.94M	339.47M	260.74M	162.54M	142.95M	121.94M	86.06M	116.49M	84.68M	104.56M	74.87M
Operating Cash Flow	3,577.63M	5,618.92M	1,765.34M	2,242.34M	2,467.97M	1,959.02M	318.29M	326.57M	-115.12M	-309.20M	36.54M	464.81M	351.13M	701.04M	383.88M	-84.23M	96.62M	144.44M	122.91M	-74.69M	112.98M	170.79M	70.60M	-1.83M	-73.33M	47.30M	-6.77M
Capital Expenditure	-146.09M	-80.31M	-118.42M	-25.17M	-49.87M	-43.26M	-50.13M	-36.64M	-42.69M	-92.80M	-87.46M	-34.55M	-24.91M	-79.40M	-25.87M	-69.93M	-98.56M	-67.97M	-46.29M	-24.34M	-12.49M	-12.09M	-25.67M	-59.95M	-60.86M	-20.24M	-39.09M
Free Cash Flow	3,431.54M	5,538.61M	1,646.92M	2,217.18M	2,418.10M	1,915.76M	268.16M	289.93M	-157.82M	-402.00M	-50.92M	430.26M	326.22M	621.64M	358.01M	-154.16M	-1.94M	76.47M	76.62M	-99.03M	100.49M	158.70M	44.92M	-61.78M	-134.19M	27.06M	-45.86M

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
EBITDA	570.28M	433.06M	312.01M	278.79M	185.99M	225.90M	236.62M	158.43M	-25.64M	75.33M	140.25M	181.93M	208.24M	164.17M	145.85M	143.05M	156.47M	163.74M	89.02M	62.92M	103.04M	114.64M	41.18M	70.01M	98.01M	34.25M	50.49M
(-) Tax Adjustment	84.17M	60.71M	41.69M	27.86M	27.40M	24.99M	39.62M	55.45M	0.00M	22.09M	32.35M	34.05M	30.86M	18.71M	14.04M	10.35M	19.89M	29.60M	14.06M	1.64M	11.79M	14.74M	1.46M	13.52M	8.81M	0.00M	0.65M
(-) Change In Working Capital	300.20M	-277.99M	1,456.61M	1,953.10M	2,264.89M	1,705.18M	30.00M	194.66M	-85.89M	-385.51M	-101.58M	280.89M	120.94M	514.53M	209.60M	-233.28M	-71.78M	-20.29M	-50.13M	-157.17M	-20.15M	45.90M	-14.45M	-108.91M	-192.03M	0.00M	0.00M
(-) Capital Expenditure	-146.09M	-80.31M	-118.42M	-25.17M	-49.87M	-43.26M	-50.13M	-36.64M	-42.69M	-92.80M	-87.46M	-34.55M	-24.91M	-79.40M	-25.87M	-69.93M	-98.56M	-67.97M	-46.29M	-24.34M	-12.49M	-12.09M	-25.67M	-59.95M	-60.86M	-20.24M	-39.09M
Unlevered Free Cash Flow	39.82M	570.03M	-1,304.70M	-1,727.33M	-2,156.17M	-1,547.53M	116.87M	-128.32M	17.55M	345.95M	122.03M	-167.56M	31.53M	-448.47M	-103.66M	296.06M	109.80M	86.45M	78.80M	194.11M	98.91M	41.91M	28.49M	105.45M	220.38M	14.00M	10.76M
(-) Net Interest Income After Taxes	-70.21M	-9.32M	-24.53M	-42.99M	-32.90M	-22.42M	-23.81M	-25.79M	-24.85M	-9.93M	-7.01M	-11.10M	-22.13M	-21.12M	-24.69M	-19.26M	-21.14M	-17.57M	-31.84M	-31.45M	-11.23M	-7.27M	-45.78M	-2.42M	-42.26M	-43.34M	-32.13M
Net Debt Issuance	-2,356.70M	0.00M	-1,599.67M	-1,996.98M	-2,395.16M	-1,606.59M	-191.66M	-228.71M	183.20M	304.62M	192.98M	-409.40M	-212.96M	292.26M	-261.05M	184.48M	54.41M	85.26M	39.50M	144.24M	-215.70M	-249.59M	-222.50M	-65.07M	-3.14M	5.72M	31.97M
Levered Free Cash Flow	-2,246.67M	579.35M	-2,879.84M	-3,681.32M	-4,518.43M	-3,131.70M	-50.98M	-331.24M	225.60M	660.51M	322.01M	-565.87M	-159.30M	-135.09M	-340.02M	499.80M	185.36M	189.28M	150.13M	369.80M	-105.56M	-200.41M	-148.23M	42.80M	259.50M	63.06M	74.86M