Rici Healthcare Holdings Limited (1526.HK)

Industry: Medical - Care Facilities Sector: Healthcare Currency Used: CN Live Price: $0.99

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Stock Price	1.15	0.95	0.61	1.09	0.79	0.96	1.61	1.64	1.89	1.94	1.89	1.87
Market Capitalization	1,828.33M	1,505.41M	962.30M	1,733.39M	1,258.62M	1,532.31M	2,551.26M	2,215.70M	2,642.22M	2,522.87M	3,000.52M	2,968.80M
(-) Cash & Equivalents	848.47M	690.81M	640.54M	625.09M	489.25M	313.24M	466.76M	609.76M	567.86M	116.83M	173.20M	29.69M
(+) Total Debt	2,307.05M	2,219.98M	2,467.28M	2,819.05M	2,877.23M	2,577.13M	741.56M	516.53M	370.33M	144.31M	186.71M	103.76M
Enterprise Value	3,286.92M	3,034.59M	2,789.04M	3,927.34M	3,646.60M	3,796.20M	2,826.06M	2,122.47M	2,444.69M	2,550.36M	3,014.03M	3,042.87M

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
Revenue	5,205M	5,037M	2,924M	2,993M	2,375M	2,377M	1,925M	1,726M	1,374M	1,080M	935M	803M	598M	489M
Cost of Revenue	3,068M	2,923M	1,757M	1,743M	1,448M	1,402M	1,345M	1,242M	988M	679M	581M	523M	409M	324M
Gross Profit	2,137M	2,114M	1,168M	1,250M	927M	975M	581M	484M	386M	401M	354M	280M	189M	165M
Gross Profit Margin	41.1%	42.0%	39.9%	41.8%	39.0%	41.0%	30.2%	28.0%	28.1%	37.1%	37.9%	34.9%	31.6%	33.7%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	922M	1,038M	567M	604M	509M	471M	519M	543M	554M	468M	277M	219M	159M	99M
Operating Expenses	1,017M	995M	560M	593M	496M	459M	505M	505M	532M	491M	244M	208M	154M	94M
Operating Income (EBIT)	1,120M	1,118M	607M	657M	432M	516M	76M	-21M	-146M	-90M	111M	72M	35M	71M
Operating Income Margin	21.5%	22.2%	20.8%	22.0%	18.2%	21.7%	3.9%	-1.2%	-10.6%	-8.3%	11.8%	8.9%	5.9%	14.6%
Interest Income	-48M	215M	5M	10M	6M	7M	8M	12M	12M	19M	20M	22M	0M	0M
Interest Expense	87M	247M	128M	127M	123M	124M	168M	159M	42M	25M	21M	22M	26M	23M
Net Interest Income	-136M	-32M	-123M	-117M	-117M	-117M	-159M	-147M	-30M	-6M	-1M	0M	-26M	-23M
Unusual Items	-75M	-183M	0M	5M	12M	-8M	-25M	0M	0M	-13M	-18M	-22M	-3M	0M
EBT Excluding Unusual Items	985M	1,087M	484M	540M	315M	400M	-83M	-168M	-176M	-96M	109M	71M	9M	49M
Pre-Tax Income	909M	904M	484M	546M	327M	392M	-109M	-168M	-176M	-109M	91M	50M	6M	49M
Pre-Tax Margin	17.5%	17.9%	16.5%	18.2%	13.8%	16.5%	-5.7%	-9.7%	-12.8%	-10.1%	9.7%	6.2%	1.0%	10.0%
Income Tax Expense	239M	169M	129M	144M	84M	98M	-16M	2M	-39M	-6M	37M	20M	0M	9M
Net Income	566M	753M	297M	364M	291M	182M	-8M	-69M	-54M	-62M	59M	29M	8M	37M
Net Income Margin	10.9%	14.9%	10.2%	12.2%	12.2%	7.6%	-0.4%	-4.0%	-3.9%	-5.8%	6.3%	3.6%	1.4%	7.5%
Depreciation & Amortization	311M	766M	172M	397M	141M	162M	158M	356M	128M	86M	82M	68M	51M	47M
EBITDA	1,432M	1,885M	780M	1,054M	572M	678M	234M	335M	-18M	-4M	192M	140M	86M	119M
EBITDA Margin	27.5%	37.4%	26.7%	35.2%	24.1%	28.5%	12.2%	19.4%	-1.3%	-0.4%	20.6%	17.4%	14.4%	24.2%
NOPAT	826M	909M	445M	484M	321M	387M	60M	-16M	-115M	-71M	66M	42M	33M	58M
NOPAT Margin	15.9%	18.1%	15.2%	16.2%	13.5%	16.3%	3.1%	-1.0%	-8.4%	-6.6%	7.1%	5.2%	5.6%	11.9%
Owner's Earnings	587M	950M	264M	421M	121M	19M	-216M	-27M	-224M	-373M	18M	-13M	-41M	9M
Owner's Earnings Margin	11.3%	18.9%	9.0%	14.1%	5.1%	0.8%	-11.2%	-1.6%	-16.3%	-34.5%	1.9%	-1.6%	-6.8%	1.9%
EPS (Basic)	0.36	0.46	0.19	0.23	0.17	0.22	-0.01	-0.04	-0.03	-0.04	0.04	0.02	0.01	0.02
EPS (Diluted)	0.36	0.47	0.19	0.23	0.18	0.11	0.00	-0.04	-0.03	-0.04	0.04	0.02	0.01	0.02
Shares (Basic)	1,590M	1,590M	1,590M	1,590M	1,590M	1,590M	1,590M	1,591M	1,592M	1,592M	1,347M	1,449M	1,590M	1,590M
Shares (Diluted)	1,590M	1,590M	1,590M	1,590M	1,590M	1,590M	1,590M	1,591M	1,592M	1,648M	1,361M	1,271M	1,590M	1,590M

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
Cash & Cash Equivalents	1,028.94M	1,115.96M	1,115.96M	811.21M	720.14M	771.26M	561.82M	329.55M	495.41M	596.54M	881.03M	233.66M	346.40M	89.07M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	13.10M	13.04M	12.90M	11.32M	10.20M	5.50M	2.47M	0.00M	0.00M
Cash & Short-Term Investments	1,028.94M	1,115.96M	1,115.96M	811.21M	720.14M	784.36M	574.86M	342.45M	506.73M	606.74M	886.52M	236.13M	346.40M	89.07M
Net Receivables	244.82M	324.06M	324.06M	299.47M	278.71M	346.72M	282.65M	290.03M	268.73M	195.46M	130.96M	121.25M	86.69M	89.66M
Inventory	40.97M	49.80M	49.80M	37.40M	56.04M	61.66M	51.14M	53.89M	41.73M	23.98M	19.13M	19.69M	21.24M	14.82M
Other Current Assets	262.53M	177.34M	177.34M	281.93M	301.43M	249.00M	298.91M	366.37M	272.71M	260.91M	15.58M	51.11M	476.94M	332.13M
Total Current Assets	1,577.26M	1,667.17M	1,667.17M	1,430.01M	1,356.32M	1,441.74M	1,207.55M	1,052.74M	1,089.90M	1,087.09M	1,052.19M	428.17M	931.28M	525.68M
Property, Plant & Equipment	2,696.67M	2,789.40M	2,789.40M	2,741.46M	2,664.11M	2,774.27M	2,600.08M	2,715.24M	1,048.91M	778.33M	393.22M	384.49M	371.87M	325.46M
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
Intangible Assets	14.35M	15.64M	15.64M	17.86M	5.39M	10.87M	11.08M	14.02M	18.70M	20.93M	11.89M	8.65M	4.38M	4.34M
Long-Term Investments	180.55M	180.99M	180.99M	193.68M	192.35M	10.20M	12.40M	11.63M	9.93M	5.17M	3.96M	1.99M	28.23M	20.88M
Tax Assets	0.00M	0.00M	0.00M	0.00M	124.81M	213.49M	235.02M	179.76M	142.88M	81.99M	47.08M	0.00M	25.78M	10.45M
Other Non-Current Assets	247.96M	205.31M	205.31M	246.16M	-124.81M	-213.49M	-235.02M	-179.76M	-142.88M	-81.99M	-47.08M	67.82M	13.36M	7.22M
Other Assets	0.00M	0.00M	0.00M	0.00M	348.69M	299.12M	379.88M	276.96M	195.24M	171.83M	118.53M	0.00M	0.00M	0.00M
Total Non-Current Assets	3,139.53M	3,191.34M	3,191.34M	3,199.16M	3,210.54M	3,094.46M	3,003.44M	3,017.84M	1,272.78M	976.26M	527.60M	462.94M	443.62M	368.35M
Total Assets	4,716.78M	4,858.50M	4,858.50M	4,629.16M	4,566.86M	4,536.20M	4,210.99M	4,070.58M	2,362.68M	2,063.35M	1,579.79M	891.11M	1,374.90M	894.03M
Accounts Payable	145.68M	162.30M	162.30M	164.35M	170.83M	189.17M	163.40M	142.21M	136.52M	104.03M	89.06M	193.33M	72.24M	59.85M
Short-Term Debt	530.40M	542.40M	542.40M	647.47M	615.17M	774.20M	833.17M	724.47M	619.74M	589.50M	314.43M	255.56M	477.22M	294.55M
Tax Payables	0.00M	0.00M	0.00M	114.28M	72.38M	64.73M	34.18M	25.04M	14.49M	9.70M	16.90M	0.00M	10.07M	10.41M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-880.68M	-1,064.15M	0.00M	-991.68M	-627.20M	-589.50M	-309.93M	0.00M	0.00M	0.00M
Other Current Liabilities	827.25M	872.22M	872.22M	940.83M	1,888.35M	1,723.73M	532.55M	1,452.12M	449.40M	271.23M	140.68M	248.92M	180.56M	150.04M
Total Current Liabilities	1,503.33M	1,576.92M	1,576.92M	1,866.93M	1,866.04M	1,687.68M	1,563.30M	1,352.16M	592.95M	384.95M	251.15M	697.80M	740.09M	514.85M
Long-Term Debt	240.40M	254.60M	254.60M	219.14M	320.16M	474.72M	546.28M	259.28M	119.31M	15.67M	4.63M	33.07M	38.21M	16.55M
Capital Lease Obligations	1,474.86M	1,503.28M	1,503.28M	1,399.95M	1,363.23M	1,494.37M	1,523.95M	1,677.09M	16.38M	0.00M	0.00M	0.00M	0.00M	0.18M
Deferred Tax Liabilities	0.00M	0.00M	0.00M	-3.70M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	5.59M	7.28M	7.28M	3.70M	0.00M	145.46M	129.88M	-1,409.88M	-8.92M	0.00M	0.00M	28.51M	17.82M	9.65M
Total Non-Current Liabilities	1,720.85M	1,765.15M	1,765.15M	1,619.09M	1,683.38M	2,114.56M	2,200.11M	526.49M	126.77M	15.67M	4.63M	61.57M	56.03M	26.38M
Total Liabilities	3,224.18M	3,342.07M	3,342.07M	3,486.01M	3,549.43M	3,802.24M	3,763.41M	1,878.65M	719.71M	400.62M	255.78M	759.38M	796.12M	541.24M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	196.55M	0.00M	86.61M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	0.00M	0.00M	0.00M
Retained Earnings	0.00M	1,129.23M	1,129.23M	831.91M	458.34M	167.55M	-14.00M	-6.13M	63.04M	117.36M	179.53M	120.61M	13.63M	147.79M
Accumulated OCI	1,399.72M	-246.52M	-246.52M	-233.42M	-220.78M	-206.41M	-196.55M	-66.00M	-86.61M	66.81M	49.70M	46.55M	-246.27M	-196.90M
Minority Interest	16.11M	29.30M	29.30M	-12.90M	-49.09M	-90.07M	-173.37M	-81.30M	12.56M	27.81M	3.45M	0.69M	11.04M	81.91M
Total Shareholders’ Equity	1,400.78M	883.78M	883.78M	599.56M	238.63M	-37.79M	-12.94M	-71.06M	64.10M	185.24M	230.29M	167.16M	-232.64M	-49.11M
Total Equity	1,416.89M	913.08M	913.08M	586.66M	189.53M	-127.87M	-186.31M	-152.36M	76.66M	213.05M	233.75M	167.85M	-221.61M	32.80M
Total Liabilities & Equity	4,641.07M	4,255.15M	4,255.15M	4,072.67M	3,738.96M	3,674.37M	3,577.11M	1,726.29M	796.38M	613.67M	489.53M	927.23M	574.52M	574.03M
Tangible Assets	4,702.43M	4,842.87M	4,842.87M	4,611.31M	4,561.47M	4,525.33M	4,199.92M	4,056.56M	2,343.97M	2,042.42M	1,567.91M	882.46M	1,370.53M	889.69M
Tangible Equity	1,402.54M	897.44M	897.44M	568.80M	184.15M	-138.74M	-197.38M	-166.38M	57.96M	192.12M	221.86M	159.20M	-225.98M	28.46M
Tangible Book Value	1,402.54M	897.44M	897.44M	568.80M	184.15M	-138.74M	-197.38M	-166.38M	57.96M	192.12M	221.86M	159.20M	-225.98M	28.46M
Total Investments	180.55M	180.99M	180.99M	193.68M	192.35M	23.30M	25.44M	24.53M	21.25M	15.37M	9.45M	4.46M	28.23M	20.88M
Net Debt	-258.14M	-318.96M	-318.96M	55.40M	215.18M	477.66M	817.63M	654.19M	243.64M	8.62M	-561.96M	54.96M	169.03M	222.04M

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
Working Capital	-266.2M	-323.3M	-323.3M	-726.6M	-797.5M	-588.4M	-737.7M	-657.5M	-234.3M	44.7M	474.0M	-193.5M	180.8M	6.7M
Total Capital	3,646.4M	3,646.1M	3,646.1M	3,393.5M	3,252.5M	3,420.8M	3,409.2M	3,305.1M	1,449.9M	1,507.4M	1,261.9M	495.8M	930.7M	578.2M
Capital Employed	2,873.3M	2,868.0M	2,868.0M	2,472.5M	2,413.0M	2,506.1M	2,265.8M	2,360.3M	1,038.5M	1,021.0M	1,001.6M	269.4M	624.4M	375.0M
Invested Capital	2,617.5M	2,530.2M	2,530.2M	2,582.3M	2,532.3M	2,649.5M	2,847.4M	2,975.5M	954.5M	910.9M	380.8M	262.1M	584.3M	489.1M

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
Net Income	565.72M	172.20M	483.92M	363.80M	290.79M	181.55M	-7.88M	-69.16M	-53.84M	-62.17M	58.92M	28.98M	5.93M	48.83M
Depreciation & Amortization	420.73M	761.55M	429.30M	396.84M	356.72M	367.77M	366.42M	350.09M	122.11M	81.11M	80.05M	67.92M	51.01M	47.05M
Deferred Income Tax	0.00M	-8.34M	0.00M	0.00M	43.58M	69.35M	-20.61M	21.11M	76.88M	78.73M	12.06M	0.00M	0.00M	0.00M
Stock-Based Compensation	2.10M	13.83M	0.00M	-3.25M	10.95M	16.86M	17.35M	25.63M	25.82M	12.26M	3.14M	0.00M	0.00M	0.00M
Change in Working Capital	-52.57M	-0.66M	49.50M	11.59M	-54.53M	-86.21M	3.26M	-46.74M	-102.70M	-90.98M	-15.21M	-12.00M	15.65M	12.67M
Accounts Receivable	-45.74M	2.59M	55.36M	-73.53M	-63.76M	-78.93M	2.59M	-33.67M	-95.44M	-86.13M	-15.76M	-23.66M	-25.82M	-24.20M
Inventory	2.05M	0.67M	1.43M	1.33M	9.24M	-7.28M	0.67M	-13.07M	-7.26M	-4.85M	0.56M	1.56M	-6.42M	0.10M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	4.66M	4.77M	3.92M	4.81M	0.00M	0.00M	0.00M	0.00M	25.82M	24.20M
Other Working Capital	-8.88M	-3.92M	-7.29M	83.78M	-4.66M	-4.77M	-3.92M	-4.81M	22.85M	21.42M	12.49M	10.11M	47.89M	36.77M
Other Non-Cash Items	103.44M	-205.82M	-172.15M	57.31M	58.86M	131.75M	86.09M	-115.90M	-25.63M	87.06M	46.38M	74.38M	-8.86M	-11.25M
Net Cash from Operating Activities	1,039.42M	741.11M	790.58M	826.29M	706.37M	681.07M	444.63M	165.03M	42.64M	27.28M	173.28M	159.29M	63.74M	97.30M
Capital Expenditures (PPE)	-243.66M	-569.11M	-205.61M	-339.22M	-310.05M	-324.67M	-366.92M	-313.99M	-298.64M	-396.83M	-122.36M	-109.98M	-100.01M	-74.29M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	127.98M	0.00M	0.00M	-33.20M	-103.05M	-2.08M	-3.00M	0.00M	-7.33M	-6.00M
Purchases of Investments	0.00M	0.00M	0.00M	0.00M	-180.00M	0.00M	0.00M	-1.50M	-3.00M	-1.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	52.02M	0.00M	0.00M	34.70M	106.05M	3.08M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	61.00M	185.29M	65.58M	192.22M	36.06M	55.53M	11.48M	-22.27M	-97.99M	-7.34M	-1.90M	187.97M	-123.39M	-85.91M
Net Cash from Investing Activities	-182.66M	-383.82M	-140.02M	-147.00M	-273.99M	-269.13M	-355.44M	-336.26M	-396.63M	-407.24M	-127.26M	77.99M	-230.73M	-166.19M
Net Debt Issuance	-162.38M	-438.53M	-69.61M	-250.82M	-510.73M	-220.82M	388.03M	62.20M	133.88M	286.10M	30.44M	-26.75M	62.32M	11.16M
Long-Term Debt Issuance	-162.38M	-438.53M	-69.61M	-68.72M	-278.08M	-9.74M	388.03M	241.04M	133.88M	286.10M	30.44M	-26.75M	62.32M	11.16M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	-182.10M	-232.64M	-211.08M	0.00M	40.13M	6.69M	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	-1.72M	0.00M	0.00M	682.68M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	682.68M	0.00M	0.00M	0.00M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.72M	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
Net Dividends Paid	-220.12M	0.00M	-75.40M	-177.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-123.92M	-440.11M	0.00M	0.00M
Common Dividends Paid	-220.12M	0.00M	-75.40M	-177.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-123.92M	-440.11M	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	0.00M	0.00M
Other Financing Activities	-45.64M	-193.90M	-206.23M	-164.90M	15.49M	26.83M	-218.71M	-61.46M	100.30M	-157.00M	-9.54M	116.84M	362.00M	52.69M
Net Cash from Financing Activities	-428.13M	-632.43M	-351.23M	-592.72M	-495.23M	-193.99M	169.32M	-0.98M	234.17M	129.11M	579.67M	-350.02M	424.32M	63.85M
Effect of FX on Cash	-1.62M	-22.67M	-0.72M	4.50M	11.73M	-8.51M	-26.24M	6.35M	18.68M	-33.63M	21.68M	0.00M	0.00M	0.00M
Net Change in Cash	0.00M	-297.80M	298.61M	91.07M	-51.12M	209.45M	232.27M	-165.86M	-101.14M	-284.48M	647.37M	-112.74M	257.33M	-5.05M
Cash at Beginning of Period	1,157.53M	2,469.90M	811.21M	720.14M	771.26M	561.82M	329.55M	495.41M	596.54M	881.03M	233.66M	346.40M	89.07M	94.12M
Cash at End of Period	1,157.53M	2,172.10M	1,109.82M	811.21M	720.14M	771.26M	561.82M	329.55M	495.41M	596.54M	881.03M	233.66M	346.40M	89.07M
Operating Cash Flow	1,039.42M	741.11M	790.58M	826.29M	706.37M	681.07M	444.63M	165.03M	42.64M	27.28M	173.28M	159.29M	63.74M	97.30M
Capital Expenditure	-290.41M	-569.11M	-206.23M	-339.22M	-310.05M	-324.67M	-366.92M	-313.99M	-298.64M	-396.83M	-122.36M	-109.98M	-100.01M	-74.29M
Free Cash Flow	749.02M	172.00M	584.35M	487.07M	396.33M	356.41M	77.71M	-148.96M	-256.00M	-369.55M	50.92M	49.31M	-36.27M	23.01M

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
EBITDA	1,526.58M	782.62M	773.21M	1,041.92M	558.61M	665.98M	219.92M	296.96M	-39.60M	18.89M	158.62M	128.72M	80.57M	113.18M
(-) Tax Adjustment	401.32M	69.13M	206.54M	274.32M	143.48M	167.10M	32.99M	0.00M	-8.89M	1.08M	55.52M	45.05M	3.60M	20.80M
(-) Change In Working Capital	-52.57M	-0.66M	49.50M	11.59M	-54.53M	-86.21M	3.26M	-46.74M	-102.70M	-90.98M	-15.21M	-12.00M	15.65M	12.67M
(-) Capital Expenditure	-290.41M	-569.11M	-206.23M	-339.22M	-310.05M	-324.67M	-366.92M	-313.99M	-298.64M	-396.83M	-122.36M	-109.98M	-100.01M	-74.29M
Unlevered Free Cash Flow	887.43M	145.04M	310.94M	416.79M	159.61M	260.43M	-183.25M	29.71M	-226.64M	-288.04M	-4.05M	-14.31M	-38.69M	5.42M
(-) Net Interest Income After Taxes	-100.05M	249.73M	-90.34M	-86.01M	-86.67M	-87.35M	-135.26M	-147.36M	-23.08M	-6.01M	-0.76M	-0.29M	-24.73M	-18.54M
Net Debt Issuance	-162.38M	-438.53M	-69.61M	-250.82M	-510.73M	-220.82M	388.03M	62.20M	133.88M	286.10M	30.44M	-26.75M	62.32M	11.16M
Levered Free Cash Flow	825.10M	-543.21M	331.67M	251.98M	-264.44M	126.96M	340.04M	239.27M	-69.69M	4.07M	27.15M	-40.78M	48.36M	35.13M