Yihai International Holding Ltd. (1579.HK)

Industry: Packaged Foods Sector: Consumer Defensive Currency Used: CN Live Price: $14.25

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Stock Price	13.08	13.14	24.26	36.35	84.57	39.92	14.71	5.44	2.86	2.66	2.60	2.57
Market Capitalization	12,692.95M	12,806.63M	23,784.89M	35,640.55M	83,007.91M	38,843.15M	14,336.78M	5,315.73M	2,288.71M	1,510.41M	2,702.14M	2,673.58M
(-) Cash & Equivalents	1,873.22M	2,200.72M	1,733.31M	1,395.96M	1,628.05M	1,100.16M	1,067.18M	1,052.75M	572.26M	117.61M	4.61M	0.75M
(+) Total Debt	103.22M	98.13M	121.76M	126.98M	53.02M	38.76M	0.00M	0.00M	98.52M	93.33M	0.00M	0.00M
Enterprise Value	10,922.95M	10,704.04M	22,173.35M	34,371.58M	81,432.89M	37,781.75M	13,269.60M	4,262.99M	1,814.98M	1,486.14M	2,697.53M	2,672.83M

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	12,998M	12,075M	6,540M	6,148M	6,147M	5,943M	5,360M	4,282M	2,681M	1,646M	1,088M	847M	498M	316M
Cost of Revenue	8,945M	8,360M	4,494M	4,206M	4,293M	4,019M	3,270M	2,641M	1,642M	1,034M	671M	553M	379M	246M
Gross Profit	4,053M	3,715M	2,046M	1,941M	1,854M	1,924M	2,090M	1,641M	1,039M	612M	417M	294M	119M	69M
Gross Profit Margin	31.2%	30.8%	31.3%	31.6%	30.2%	32.4%	39.0%	38.3%	38.7%	37.2%	38.3%	34.7%	24.0%	22.0%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	0M
SG&A Expenses	2,058M	1,739M	1,048M	865M	874M	945M	844M	649M	405M	241M	182M	132M	51M	34M
Operating Expenses	1,818M	1,468M	937M	746M	736M	777M	756M	576M	327M	255M	163M	127M	61M	40M
Operating Income (EBIT)	2,235M	2,247M	1,108M	1,195M	1,118M	1,147M	1,334M	1,065M	712M	357M	254M	167M	58M	30M
Operating Income Margin	17.2%	18.6%	16.9%	19.4%	18.2%	19.3%	24.9%	24.9%	26.5%	21.7%	23.4%	19.7%	11.7%	9.4%
Interest Income	130M	67M	75M	74M	30M	29M	37M	29M	19M	12M	1M	0M	0M	0M
Interest Expense	0M	0M	5M	4M	6M	5M	0M	2M	0M	0M	0M	0M	0M	0M
Net Interest Income	130M	67M	70M	69M	24M	23M	37M	27M	19M	12M	1M	0M	0M	0M
Unusual Items	0M	0M	0M	0M	0M	0M	-18M	2M	0M	0M	0M	0M	-1M	0M
EBT Excluding Unusual Items	2,366M	2,314M	1,178M	1,264M	1,142M	1,170M	1,370M	1,092M	731M	369M	255M	167M	58M	30M
Pre-Tax Income	2,366M	2,314M	1,178M	1,264M	1,142M	1,170M	1,352M	1,094M	731M	369M	255M	167M	57M	30M
Pre-Tax Margin	18.2%	19.2%	18.0%	20.6%	18.6%	19.7%	25.2%	25.5%	27.2%	22.4%	23.4%	19.7%	11.5%	9.3%
Income Tax Expense	707M	656M	379M	357M	326M	313M	369M	299M	183M	108M	68M	42M	15M	7M
Net Income	1,544M	1,517M	739M	853M	742M	766M	885M	719M	518M	261M	187M	125M	43M	22M
Net Income Margin	11.9%	12.6%	11.3%	13.9%	12.1%	12.9%	16.5%	16.8%	19.3%	15.8%	17.2%	14.7%	8.5%	7.0%
Depreciation & Amortization	312M	234M	146M	189M	118M	82M	61M	55M	23M	16M	15M	19M	20M	7M
EBITDA	2,547M	2,481M	1,254M	1,384M	1,236M	1,229M	1,395M	1,120M	735M	373M	269M	186M	79M	37M
EBITDA Margin	19.6%	20.5%	19.2%	22.5%	20.1%	20.7%	26.0%	26.1%	27.4%	22.7%	24.7%	22.0%	15.8%	11.6%
NOPAT	1,567M	1,610M	752M	857M	799M	841M	969M	774M	534M	253M	186M	125M	43M	22M
NOPAT Margin	12.1%	13.3%	11.5%	13.9%	13.0%	14.1%	18.1%	18.1%	19.9%	15.3%	17.1%	14.7%	8.7%	7.0%
Owner's Earnings	1,293M	889M	633M	717M	447M	216M	620M	515M	289M	149M	179M	122M	25M	12M
Owner's Earnings Margin	9.9%	7.4%	9.7%	11.7%	7.3%	3.6%	11.6%	12.0%	10.8%	9.0%	16.4%	14.4%	5.0%	3.7%
EPS (Basic)	1.59	1.56	0.76	0.88	0.76	0.78	0.90	0.74	0.53	0.27	0.23	0.22	0.04	0.02
EPS (Diluted)	1.59	1.55	0.76	0.88	0.76	0.78	0.90	0.74	0.53	0.27	0.23	0.22	0.04	0.02
Shares (Basic)	970M	980M	970M	975M	980M	980M	980M	970M	970M	970M	797M	566M	1,040M	1,040M
Shares (Diluted)	970M	980M	970M	974M	980M	980M	981M	970M	976M	975M	798M	565M	1,040M	1,040M

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	1,520.18M	1,881.87M	1,881.87M	2,309.36M	1,880.53M	1,573.62M	1,986.93M	1,036.40M	1,179.91M	1,130.21M	1,022.00M	235.22M	9.22M	2.25M
Short-Term Investments	357.88M	244.96M	244.96M	182.04M	613.25M	6.62M	133.08M	577.10M	5.37M	32.67M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	1,878.06M	2,126.83M	2,126.83M	2,491.40M	2,493.79M	1,580.25M	2,120.01M	1,613.50M	1,185.28M	1,162.88M	1,022.00M	235.22M	9.22M	2.25M
Net Receivables	207.23M	285.41M	285.41M	3.27M	15.37M	236.52M	190.83M	269.18M	206.89M	131.53M	67.53M	64.94M	10.91M	1.52M
Inventory	391.49M	467.45M	467.45M	370.53M	394.87M	485.86M	459.67M	387.69M	429.80M	193.82M	154.77M	140.75M	83.34M	59.43M
Other Current Assets	85.52M	82.02M	82.02M	308.01M	186.01M	-22.42M	-10.80M	-32.63M	34.99M	131.46M	71.68M	68.01M	0.00M	0.00M
Total Current Assets	2,562.30M	2,961.71M	2,961.71M	3,173.22M	3,090.03M	2,280.21M	2,759.70M	2,237.73M	1,856.97M	1,619.68M	1,315.99M	508.91M	103.47M	63.20M
Property, Plant & Equipment	2,300.22M	2,208.03M	2,208.03M	2,035.81M	1,908.03M	1,564.36M	997.60M	634.83M	308.62M	180.09M	116.14M	120.49M	138.80M	122.77M
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	8.52M	10.25M	10.25M	11.98M	16.88M	20.30M	21.49M	17.65M	80.34M	40.33M	34.54M	8.15M	9.21M	9.40M
Long-Term Investments	352.88M	461.06M	461.06M	634.22M	335.69M	774.93M	273.67M	84.89M	12.00M	209.87M	144.10M	0.00M	132.67M	117.39M
Tax Assets	0.00M	0.00M	0.00M	0.00M	57.72M	45.16M	16.48M	25.45M	23.89M	10.55M	6.58M	0.00M	5.38M	2.35M
Other Non-Current Assets	127.83M	141.01M	141.01M	185.00M	-57.72M	-45.16M	-16.48M	-25.45M	-23.89M	-220.42M	-150.68M	7.45M	-132.67M	-117.39M
Other Assets	0.00M	0.00M	0.00M	0.00M	179.21M	250.54M	164.53M	220.39M	179.92M	67.65M	15.19M	0.00M	0.00M	0.00M
Total Non-Current Assets	2,789.45M	2,820.36M	2,820.36M	2,867.01M	2,439.81M	2,610.12M	1,457.30M	957.76M	580.88M	288.07M	165.87M	136.09M	153.38M	134.52M
Total Assets	5,351.75M	5,782.06M	5,782.06M	6,040.23M	5,529.83M	4,890.33M	4,217.00M	3,195.50M	2,437.84M	1,907.75M	1,481.86M	645.00M	256.85M	197.72M
Accounts Payable	266.91M	482.21M	482.21M	402.79M	396.25M	294.26M	279.32M	207.49M	188.66M	136.58M	73.28M	43.32M	37.07M	18.87M
Short-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Payables	0.00M	169.92M	169.92M	164.36M	118.30M	183.68M	172.77M	153.62M	112.41M	76.76M	38.37M	0.00M	19.60M	0.15M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-38.58M	-36.98M	0.00M	-12.79M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	156.66M	152.74M	152.74M	149.12M	55.16M	48.37M	21.46M	131.73M	83.83M	56.40M	27.57M	29.30M	10.52M	5.05M
Total Current Liabilities	423.57M	804.87M	804.87M	716.27M	531.14M	489.33M	473.55M	480.05M	384.90M	269.73M	139.21M	72.63M	67.19M	24.07M
Long-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	186.67M	0.00M	0.00M
Capital Lease Obligations	96.44M	93.52M	93.52M	86.26M	114.31M	141.39M	73.64M	39.15M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	55.49M	55.49M	60.24M	53.41M	36.06M	23.75M	0.38M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	107.66M	0.00M	0.00M	0.00M	0.00M	0.00M	23.75M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	204.10M	149.01M	149.01M	146.50M	167.72M	177.45M	121.13M	39.53M	0.00M	0.00M	0.00M	186.67M	0.00M	0.00M
Total Liabilities	627.67M	953.88M	953.88M	862.77M	698.85M	666.79M	594.68M	519.58M	384.90M	269.73M	139.21M	259.29M	67.19M	24.07M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	15.26M	12.12M	0.00M	0.00M	0.00M	0.00M	0.35M	0.00M	0.00M	8.47M
Common Stock	0.07M	0.07M	0.07M	0.07M	0.07M	0.07M	0.07M	0.07M	0.07M	0.07M	0.07M	0.03M	0.01M	0.01M
Retained Earnings	4,171.58M	4,242.88M	4,242.88M	4,500.12M	3,936.85M	3,246.84M	2,692.21M	1,806.99M	1,088.36M	570.57M	310.90M	124.18M	1.58M	-8.47M
Accumulated OCI	325.65M	326.68M	326.68M	-14.83M	-15.26M	-12.12M	0.23M	0.39M	14.18M	8.16M	-0.35M	0.07M	-27.45M	-9.73M
Minority Interest	143.16M	163.53M	163.53M	271.48M	217.15M	303.15M	218.33M	114.30M	34.53M	4.42M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	4,497.29M	4,569.63M	4,569.63M	4,485.36M	3,936.92M	3,246.90M	2,692.51M	1,807.45M	1,102.60M	578.80M	310.96M	124.28M	-25.86M	-9.72M
Total Equity	4,640.46M	4,733.16M	4,733.16M	4,756.84M	4,154.07M	3,550.05M	2,910.84M	1,921.74M	1,137.13M	583.22M	310.96M	124.28M	-25.86M	-9.72M
Total Liabilities & Equity	5,268.13M	5,687.04M	5,687.04M	5,619.61M	4,852.92M	4,216.84M	3,505.51M	2,441.32M	1,522.03M	852.95M	450.18M	383.57M	41.33M	14.35M
Tangible Assets	5,343.23M	5,771.81M	5,771.81M	6,028.24M	5,512.95M	4,870.03M	4,195.51M	3,177.85M	2,357.50M	1,867.42M	1,447.32M	636.85M	247.65M	188.32M
Tangible Equity	4,631.94M	4,722.91M	4,722.91M	4,744.86M	4,137.18M	3,529.76M	2,889.34M	1,904.10M	1,056.79M	542.88M	276.42M	116.12M	-35.07M	-19.12M
Tangible Book Value	4,631.94M	4,722.91M	4,722.91M	4,744.86M	4,137.18M	3,529.76M	2,889.34M	1,904.10M	1,056.79M	542.88M	276.42M	116.12M	-35.07M	-19.12M
Total Investments	666.40M	706.02M	706.02M	816.27M	948.94M	776.55M	406.75M	572.40M	17.37M	32.67M	144.10M	0.00M	132.67M	117.39M
Net Debt	-1,520.18M	-1,881.87M	-1,881.87M	-2,309.36M	-1,880.53M	-1,573.62M	-1,986.93M	-1,036.40M	-1,179.91M	-1,130.21M	-1,022.00M	-48.55M	-9.22M	-2.25M

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	2,015.9M	2,075.6M	2,075.6M	2,370.7M	2,251.7M	1,661.7M	2,124.4M	1,797.1M	1,458.8M	1,217.7M	1,100.3M	192.5M	-107.6M	-96.8M
Total Capital	4,593.7M	4,663.1M	4,663.1M	4,904.2M	4,434.2M	3,947.0M	3,368.9M	2,653.0M	2,005.2M	1,501.4M	1,266.2M	328.6M	45.7M	37.7M
Capital Employed	4,805.4M	4,896.0M	4,896.0M	5,237.7M	4,691.5M	4,271.8M	3,581.7M	2,754.9M	2,039.7M	1,505.8M	1,266.2M	328.6M	45.7M	37.7M
Invested Capital	3,073.6M	2,781.3M	2,781.3M	2,594.8M	2,553.6M	2,373.4M	1,382.0M	1,616.6M	825.3M	371.2M	244.2M	93.4M	36.5M	35.4M

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	1,543.78M	1,517.18M	1,178.11M	1,264.12M	741.99M	766.20M	885.22M	718.63M	517.79M	260.67M	186.72M	124.55M	57.16M	29.52M
Depreciation & Amortization	302.24M	313.30M	0.00M	188.72M	158.87M	117.00M	80.63M	51.86M	21.18M	14.47M	13.83M	19.23M	20.37M	6.78M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	10.00M	311.76M	111.80M	17.90M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.16M	0.00M	1.38M	0.16M	0.00M	0.00M	0.00M	37.49M	34.20M	8.51M	0.10M	0.00M	0.00M	0.00M
Change in Working Capital	-256.30M	85.52M	-158.00M	-118.14M	198.91M	-113.39M	-11.91M	-47.49M	-345.97M	-120.31M	-18.00M	-95.02M	-2.06M	-33.14M
Accounts Receivable	-172.04M	77.68M	-59.26M	-112.78M	193.64M	-115.96M	100.70M	-24.45M	-217.60M	-102.91M	9.90M	-75.41M	-11.45M	-10.95M
Inventory	-84.27M	7.84M	-98.75M	14.48M	5.26M	2.57M	-112.61M	-23.04M	-128.36M	-17.40M	-27.89M	-19.60M	-23.91M	-29.51M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	11.45M	10.95M
Other Working Capital	0.00M	0.00M	0.00M	-19.84M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	33.29M	7.32M
Other Non-Cash Items	322.80M	174.56M	-103.78M	-375.86M	172.07M	59.68M	244.82M	180.90M	-210.40M	189.86M	41.34M	40.87M	-2.15M	-8.98M
Net Cash from Operating Activities	1,912.67M	2,090.55M	917.71M	959.00M	1,271.83M	829.49M	1,198.75M	951.39M	328.57M	353.20M	223.99M	89.64M	73.32M	-5.82M
Capital Expenditures (PPE)	-440.26M	-861.74M	0.00M	-299.35M	-413.55M	-632.03M	-325.99M	-258.05M	-252.71M	-127.99M	-22.65M	-22.00M	-37.81M	-17.16M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	157.00M	310.47M	-282.30M	0.00M	-22.40M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	0.00M	0.00M	0.00M	-1,077.13M	-2,617.32M	-2,467.25M	-465.00M	-643.55M	-12.00M	-32.93M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	1,235.32M	2,460.32M	2,156.78M	747.30M	0.00M	34.40M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	-371.04M	419.23M	-147.67M	-12.62M	-159.48M	-290.03M	253.48M	-45.66M	-7.70M	-1.75M	-21.73M	-0.55M	0.41M	4.76M
Net Cash from Investing Activities	-811.31M	-442.51M	-147.67M	-153.78M	-573.03M	-922.06M	-72.51M	-947.25M	-260.41M	-162.67M	-44.38M	-22.55M	-37.40M	-12.40M
Net Debt Issuance	-16.10M	0.00M	-35.94M	-29.14M	-32.08M	-46.03M	-13.34M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Debt Issuance	-16.10M	0.00M	-35.94M	-29.14M	-32.08M	-46.03M	-13.34M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt 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 Stock Issuance	0.00M	0.00M	0.00M	-175.76M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	716.04M	204.35M	0.00M	0.00M
Common Stock Issuance	0.00M	185.22M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	720.21M	17.68M	0.00M	0.00M
Common Stock Repurchased	0.00M	-175.76M	0.00M	-175.76M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-4.17M	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	186.67M	0.00M	0.00M
Net Dividends Paid	-1,373.47M	-403.88M	-992.69M	-179.31M	-224.56M	-243.53M	-203.65M	-148.64M	-48.29M	-34.00M	0.00M	0.00M	-34.46M	-28.63M
Common Dividends Paid	-1,373.47M	-403.88M	-992.69M	-179.31M	-224.56M	-243.53M	-203.65M	-148.64M	-48.29M	-34.00M	0.00M	-47.06M	-34.46M	-28.63M
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	-255.01M	-413.50M	-168.00M	0.00M	-160.00M	-9.47M	6.81M	-5.44M	0.00M	4.00M	-141.63M	0.32M	5.52M	-2.33M
Net Cash from Financing Activities	-1,644.58M	-817.37M	-1,196.63M	-384.21M	-416.65M	-299.03M	-210.18M	-154.08M	-48.29M	-30.00M	574.41M	157.60M	-28.94M	-30.96M
Effect of FX on Cash	-28.68M	43.12M	-0.90M	7.81M	24.76M	-21.72M	34.47M	6.43M	29.84M	-52.33M	32.76M	1.30M	-0.02M	0.00M
Net Change in Cash	1,520.18M	873.79M	-427.49M	428.83M	306.91M	-413.31M	950.53M	-143.51M	49.71M	108.21M	786.78M	225.99M	6.98M	-49.18M
Cash at Beginning of Period	3,956.66M	6,258.53M	2,309.36M	1,880.53M	1,573.62M	1,986.93M	1,036.40M	1,179.91M	1,130.21M	1,022.00M	235.22M	9.22M	2.25M	51.43M
Cash at End of Period	5,476.85M	7,132.32M	1,881.87M	2,309.36M	1,880.53M	1,573.62M	1,986.93M	1,036.40M	1,179.91M	1,130.21M	1,022.00M	235.22M	9.22M	2.25M
Operating Cash Flow	1,912.67M	2,090.55M	917.71M	959.00M	1,271.83M	829.49M	1,198.75M	951.39M	328.57M	353.20M	223.99M	89.64M	73.32M	-5.82M
Capital Expenditure	-563.00M	-861.74M	-252.64M	-324.35M	-413.55M	-632.03M	-325.99M	-258.05M	-252.71M	-127.99M	-22.65M	-22.00M	-37.81M	-17.16M
Free Cash Flow	1,349.67M	1,228.81M	665.07M	634.65M	858.28M	197.46M	872.76M	693.34M	75.87M	225.21M	201.34M	67.64M	35.51M	-22.99M

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	2,306.87M	2,210.48M	1,143.62M	1,265.16M	1,097.59M	1,061.48M	1,307.08M	1,047.04M	657.71M	386.87M	249.88M	181.31M	88.29M	41.92M
(-) Tax Adjustment	689.33M	626.80M	367.55M	357.38M	313.44M	283.57M	357.00M	285.90M	164.40M	113.20M	66.97M	46.03M	22.62M	10.59M
(-) Change In Working Capital	-256.30M	85.52M	-158.00M	-118.14M	198.91M	-113.39M	-11.91M	-47.49M	-345.97M	-120.31M	-18.00M	-95.02M	-2.06M	-33.14M
(-) Capital Expenditure	-563.00M	-861.74M	-252.64M	-324.35M	-413.55M	-632.03M	-325.99M	-258.05M	-252.71M	-127.99M	-22.65M	-22.00M	-37.81M	-17.16M
Unlevered Free Cash Flow	1,310.85M	636.43M	681.43M	701.57M	171.69M	259.27M	636.00M	550.58M	586.56M	265.99M	178.26M	208.30M	29.91M	47.31M
(-) Net Interest Income After Taxes	91.36M	47.98M	47.35M	49.72M	17.46M	16.95M	26.57M	19.59M	14.12M	8.41M	0.68M	0.04M	0.00M	0.03M
Net Debt Issuance	-16.10M	0.00M	-35.94M	-29.14M	-32.08M	-46.03M	-13.34M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Levered Free Cash Flow	1,203.38M	588.45M	598.14M	622.71M	122.15M	196.29M	596.09M	530.99M	572.44M	257.58M	177.57M	208.26M	29.91M	47.28M