Jacobson Pharma Corporation Limited (2633.HK)

Industry: Drug Manufacturers - Specialty & Generic Sector: Healthcare Currency Used: HK Live Price: $1.28

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Stock Price	0.60	0.83	0.76	0.81	1.29	1.43	1.81	1.82	1.65	1.68	1.68
Market Capitalization	1,174.98M	1,572.62M	1,447.60M	1,542.12M	2,480.88M	2,802.74M	3,313.85M	3,302.04M	2,182.03M	2,569.76M	2,940.00M
(-) Cash & Equivalents	463.92M	953.73M	669.53M	508.71M	448.74M	674.02M	724.07M	343.01M	391.15M	35.13M	65.75M
(+) Total Debt	724.61M	1,460.99M	1,483.63M	1,531.25M	1,645.66M	1,427.68M	1,314.16M	943.80M	542.55M	0.00M	153.84M
Enterprise Value	1,435.67M	2,079.87M	2,261.70M	2,564.66M	3,677.80M	3,556.40M	3,903.95M	3,902.83M	2,333.44M	2,534.63M	3,028.09M

Income Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
Revenue	3,045M	3,381M	1,577M	1,468M	1,786M	1,596M	1,446M	1,571M	1,478M	1,549M	1,256M	1,084M	948M	926M
Cost of Revenue	1,731M	2,013M	884M	847M	1,038M	975M	912M	902M	803M	931M	699M	596M	563M	501M
Gross Profit	1,313M	1,368M	693M	620M	747M	621M	534M	670M	675M	618M	557M	488M	385M	425M
Gross Profit Margin	43.1%	40.5%	43.9%	42.3%	41.8%	38.9%	36.9%	42.6%	45.6%	39.9%	44.3%	45.0%	40.6%	45.9%
R&D Expenses	6M	10M	0M	0M	1M	7M	2M	4M	3M	2M	6M	6M	6M	4M
SG&A Expenses	657M	826M	324M	332M	427M	400M	408M	402M	341M	339M	304M	293M	246M	266M
Operating Expenses	630M	826M	278M	287M	428M	398M	349M	374M	304M	324M	323M	305M	250M	265M
Operating Income (EBIT)	684M	542M	415M	333M	319M	223M	186M	295M	371M	293M	234M	182M	135M	160M
Operating Income Margin	22.5%	16.0%	26.3%	22.7%	17.9%	14.0%	12.8%	18.8%	25.1%	18.9%	18.6%	16.8%	14.2%	17.2%
Interest Income	39M	20M	15M	24M	18M	2M	2M	6M	5M	4M	2M	3M	3M	3M
Interest Expense	120M	93M	41M	79M	61M	26M	30M	55M	66M	46M	14M	3M	3M	6M
Net Interest Income	-81M	-73M	-27M	-55M	-44M	-24M	-28M	-50M	-61M	-42M	-12M	1M	0M	-3M
Unusual Items	25M	110M	-14M	-24M	68M	36M	69M	17M	0M	0M	0M	0M	1M	60M
EBT Excluding Unusual Items	603M	469M	388M	278M	276M	199M	157M	246M	309M	251M	221M	183M	135M	157M
Pre-Tax Income	628M	579M	374M	255M	343M	235M	226M	263M	309M	251M	221M	183M	136M	217M
Pre-Tax Margin	20.6%	17.1%	23.7%	17.3%	19.2%	14.7%	15.6%	16.7%	20.9%	16.2%	17.6%	16.9%	14.4%	23.4%
Income Tax Expense	117M	100M	73M	44M	57M	44M	34M	46M	56M	46M	40M	30M	22M	32M
Net Income	540M	429M	301M	267M	251M	178M	174M	216M	251M	202M	179M	146M	102M	172M
Net Income Margin	17.7%	12.7%	19.1%	18.2%	14.1%	11.1%	12.0%	13.7%	17.0%	13.1%	14.3%	13.4%	10.8%	18.6%
Depreciation & Amortization	280M	377M	144M	142M	149M	193M	192M	166M	116M	112M	82M	67M	53M	44M
EBITDA	964M	919M	558M	475M	468M	415M	377M	462M	486M	406M	316M	250M	188M	204M
EBITDA Margin	31.7%	27.2%	35.4%	32.4%	26.2%	26.0%	26.1%	29.4%	32.9%	26.2%	25.1%	23.0%	19.8%	22.0%
NOPAT	556M	448M	334M	275M	267M	181M	157M	244M	304M	239M	191M	152M	113M	136M
NOPAT Margin	18.3%	13.3%	21.2%	18.7%	14.9%	11.4%	10.9%	15.5%	20.6%	15.4%	15.2%	14.0%	11.9%	14.7%
Owner's Earnings	641M	703M	196M	279M	337M	306M	302M	297M	322M	228M	169M	79M	-185M	16M
Owner's Earnings Margin	21.0%	20.8%	12.4%	19.0%	18.9%	19.2%	20.9%	18.9%	21.8%	14.7%	13.5%	7.3%	-19.5%	1.7%
EPS (Basic)	0.28	0.22	0.15	0.07	0.13	0.09	0.09	0.11	0.13	0.11	0.11	0.11	0.08	0.13
EPS (Diluted)	0.28	0.22	0.15	0.14	0.13	0.09	0.09	0.11	0.13	0.11	0.11	0.11	0.06	0.10
Shares (Basic)	1,953M	1,913M	1,986M	1,920M	1,911M	1,916M	1,916M	1,983M	1,931M	1,816M	1,574M	1,309M	1,750M	1,750M
Shares (Diluted)	1,953M	1,913M	1,986M	1,920M	1,912M	1,916M	1,916M	1,983M	1,931M	1,816M	1,575M	1,309M	1,750M	1,750M

Balance Sheet

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
Cash & Cash Equivalents	509.05M	515.90M	509.05M	411.94M	1,036.42M	478.65M	480.35M	417.99M	629.84M	656.73M	359.69M	82.93M	70.26M	131.49M
Short-Term Investments	0.00M	47.89M	0.00M	0.00M	0.00M	0.00M	0.00M	7.69M	59.50M	47.88M	44.39M	40.45M	0.00M	0.00M
Cash & Short-Term Investments	509.05M	563.79M	509.05M	411.94M	1,036.42M	478.65M	480.35M	425.68M	689.34M	704.61M	404.08M	123.37M	70.26M	131.49M
Net Receivables	154.99M	174.02M	154.99M	187.13M	288.23M	0.00M	0.00M	207.60M	214.19M	197.41M	154.31M	108.06M	110.12M	110.32M
Inventory	332.88M	325.93M	332.88M	317.86M	368.00M	0.00M	0.00M	371.46M	333.83M	316.32M	261.31M	196.92M	169.09M	160.37M
Other Current Assets	1.59M	18.26M	1.59M	1.26M	-39.45M	0.00M	0.00M	102.98M	6.65M	23.34M	14.21M	71.65M	9.29M	29.35M
Total Current Assets	998.51M	1,082.00M	998.51M	918.18M	1,653.21M	478.65M	480.35M	1,107.71M	1,244.01M	1,241.68M	833.91M	499.99M	358.75M	431.53M
Property, Plant & Equipment	1,494.09M	1,307.91M	1,494.09M	1,301.43M	1,502.15M	1,519.06M	1,565.88M	1,238.13M	1,103.92M	1,030.31M	1,056.51M	866.74M	663.98M	467.57M
Goodwill	183.72M	0.00M	183.72M	183.72M	450.57M	444.26M	444.26M	412.02M	390.82M	390.82M	355.13M	108.51M	108.51M	108.51M
Intangible Assets	237.41M	430.09M	237.41M	252.13M	1,320.08M	1,303.18M	1,345.08M	1,310.88M	649.49M	672.44M	690.77M	312.65M	314.42M	264.41M
Long-Term Investments	613.26M	460.91M	613.26M	679.30M	750.94M	701.50M	727.34M	850.73M	404.07M	130.32M	2,099.99M	1,286.42M	0.00M	0.00M
Tax Assets	10.23M	0.00M	10.23M	10.85M	10.23M	10.16M	10.26M	10.08M	5.98M	4.19M	2.42M	1.47M	3.49M	3.30M
Other Non-Current Assets	68.49M	325.80M	68.49M	95.01M	-410.87M	-400.85M	-386.45M	-412.02M	-5.98M	-4.19M	-2,102.41M	-1,287.89M	220.78M	168.08M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	468.30M	145.58M	33.75M	34.17M	0.00M	0.00M
Total Non-Current Assets	2,607.21M	2,524.70M	2,607.21M	2,522.44M	3,623.09M	3,577.30M	3,706.37M	3,409.82M	3,016.59M	2,369.47M	2,136.16M	1,322.06M	1,311.18M	1,011.87M
Total Assets	3,605.71M	3,606.70M	3,605.71M	3,440.62M	5,276.29M	4,055.95M	4,186.72M	4,517.54M	4,260.59M	3,611.16M	2,970.07M	1,822.05M	1,669.93M	1,443.40M
Accounts Payable	41.66M	41.36M	41.66M	51.69M	80.25M	50.46M	38.59M	36.02M	40.46M	35.19M	40.89M	26.30M	24.68M	29.61M
Short-Term Debt	237.20M	148.00M	237.20M	112.80M	309.55M	612.18M	685.91M	538.65M	925.36M	1,350.97M	937.49M	475.54M	528.82M	329.53M
Tax Payables	33.20M	0.00M	33.20M	16.70M	28.41M	20.83M	14.33M	10.35M	11.90M	4.66M	12.71M	11.22M	2.61M	8.64M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	54.89M	3.74M	3.43M	6.54M	5.34M	-1,351.15M	3.16M	-440.03M	2.61M	8.64M
Other Current Liabilities	24.17M	218.83M	24.17M	127.82M	90.21M	53.62M	53.65M	45.37M	32.60M	37.87M	25.30M	273.66M	61.45M	97.08M
Total Current Liabilities	336.23M	408.19M	336.23M	309.01M	563.29M	740.83M	795.92M	636.94M	1,015.65M	77.53M	1,019.55M	346.70M	620.18M	473.49M
Long-Term Debt	476.50M	504.40M	476.50M	592.20M	1,234.15M	729.47M	892.21M	1,014.98M	371.25M	0.00M	0.00M	0.00M	0.00M	3.57M
Capital Lease Obligations	59.51M	47.45M	59.51M	44.38M	20.53M	34.32M	34.56M	47.04M	47.04M	0.66M	0.37M	0.52M	3.12M	5.31M
Deferred Tax Liabilities	102.58M	0.00M	102.58M	107.94M	212.86M	207.40M	206.36M	184.72M	147.36M	141.16M	138.89M	48.55M	47.47M	44.37M
Other Non-Current Liabilities	0.00M	106.23M	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 Liabilities	638.59M	658.08M	638.59M	744.52M	1,467.54M	971.19M	1,133.14M	1,246.75M	565.65M	141.82M	139.26M	49.07M	50.59M	53.25M
Total Liabilities	974.82M	1,066.27M	974.82M	1,053.54M	2,030.84M	1,712.02M	1,929.05M	1,883.68M	1,581.31M	219.35M	1,158.81M	395.77M	670.77M	526.74M
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
Common Stock	19.94M	19.86M	19.94M	19.80M	19.08M	19.16M	19.16M	19.17M	20.16M	18.16M	18.16M	13.13M	0.00M	0.00M
Retained Earnings	1,175.58M	1,081.76M	1,175.58M	1,002.02M	1,467.63M	1,381.05M	1,230.20M	1,385.44M	1,245.69M	1,080.19M	919.68M	754.88M	809.47M	730.39M
Accumulated OCI	0.00M	302.78M	0.00M	312.19M	280.32M	115.79M	165.18M	156.32M	254.61M	160.36M	94.51M	132.43M	-217.34M	-182.27M
Minority Interest	24.22M	24.22M	24.22M	24.22M	519.83M	466.65M	470.26M	68.35M	39.97M	32.21M	22.92M	49.26M	49.29M	39.09M
Total Shareholders’ Equity	1,195.52M	1,404.40M	1,195.52M	1,334.01M	1,767.02M	1,516.00M	1,414.53M	1,560.93M	1,520.45M	1,258.70M	1,032.35M	900.44M	592.13M	548.12M
Total Equity	1,219.74M	1,428.62M	1,219.74M	1,358.23M	2,286.86M	1,982.65M	1,884.79M	1,629.29M	1,560.42M	1,290.92M	1,055.26M	949.70M	641.43M	587.22M
Total Liabilities & Equity	2,194.56M	2,494.89M	2,194.56M	2,411.76M	4,317.69M	3,694.66M	3,813.84M	3,512.97M	3,141.73M	1,510.26M	2,214.07M	1,345.47M	1,312.19M	1,113.96M
Tangible Assets	3,184.58M	3,176.61M	3,184.58M	3,004.77M	3,505.65M	2,308.51M	2,397.38M	2,794.64M	3,220.29M	2,547.90M	1,924.17M	1,400.90M	1,247.00M	1,070.48M
Tangible Equity	798.60M	998.53M	798.60M	922.38M	516.22M	235.21M	95.46M	-93.62M	520.12M	227.66M	9.36M	528.55M	218.50M	214.30M
Tangible Book Value	798.60M	998.53M	798.60M	922.38M	516.22M	235.21M	95.46M	-93.62M	520.12M	227.66M	9.36M	528.55M	218.50M	214.30M
Total Investments	613.26M	508.80M	613.26M	679.30M	750.94M	701.50M	727.34M	858.42M	463.57M	178.20M	44.39M	40.45M	0.00M	0.00M
Net Debt	204.66M	136.50M	204.66M	293.06M	507.29M	863.00M	1,097.77M	1,135.64M	666.76M	694.24M	577.80M	392.61M	458.56M	201.60M

Capital Metrics

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
Working Capital	484.8M	565.5M	484.8M	591.6M	1,101.0M	351.9M	286.9M	443.0M	189.6M	-219.7M	-224.6M	-316.8M	-256.2M	-44.0M
Total Capital	3,226.4M	3,131.4M	3,226.4M	3,121.5M	4,335.8M	3,901.3M	4,038.5M	4,185.9M	3,944.4M	3,327.6M	2,687.4M	1,347.4M	1,436.1M	1,185.6M
Capital Employed	3,092.0M	3,090.2M	3,092.0M	3,114.0M	4,724.1M	3,929.2M	3,993.2M	3,852.8M	3,206.2M	2,149.8M	1,911.6M	1,005.2M	1,055.0M	967.9M
Invested Capital	2,717.4M	2,615.5M	2,717.4M	2,709.6M	3,299.3M	3,422.6M	3,558.1M	3,767.9M	3,314.6M	2,670.8M	2,327.7M	1,264.5M	1,365.8M	1,054.1M

Cash Flow Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
Net Income	465.38M	385.06M	373.63M	319.03M	251.04M	177.67M	173.71M	214.49M	250.56M	202.27M	179.33M	145.61M	136.14M	216.95M
Depreciation & Amortization	305.04M	388.06M	143.87M	156.52M	184.46M	192.60M	191.70M	166.27M	111.10M	109.35M	79.13M	67.37M	52.95M	44.00M
Deferred Income Tax	-172.96M	0.00M	0.00M	0.00M	-301.23M	0.00M	0.00M	-386.18M	33.83M	80.14M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	19.14M	0.00M	15.35M	19.37M	19.14M	0.00M	0.00M	1.51M	5.35M	9.73M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-29.67M	-21.16M	-4.08M	-13.73M	86.83M	-0.44M	-0.21M	-52.13M	-39.18M	-89.88M	-93.30M	-30.73M	-2.86M	-19.04M
Accounts Receivable	23.78M	-62.79M	38.92M	-68.27M	23.78M	-62.79M	-38.82M	0.00M	-21.67M	-50.94M	-44.48M	-2.90M	-2.73M	1.74M
Inventory	-53.45M	41.63M	-15.02M	-9.30M	-53.45M	41.63M	20.93M	-51.74M	-17.51M	-38.94M	-48.82M	-27.83M	-4.48M	-16.71M
Accounts Payable	0.00M	0.00M	0.00M	63.85M	116.50M	20.72M	17.68M	-0.39M	6.76M	-13.18M	-11.98M	15.95M	2.73M	-1.74M
Other Working Capital	0.00M	0.00M	-27.98M	0.00M	0.00M	0.00M	0.00M	0.00M	-6.76M	13.18M	23.96M	-31.91M	4.36M	-4.07M
Other Non-Cash Items	682.74M	904.78M	-2.00M	3.17M	408.00M	39.94M	46.15M	431.62M	34.04M	-68.63M	-1.65M	39.20M	-24.47M	-91.63M
Net Cash from Operating Activities	1,126.85M	901.78M	526.78M	484.36M	648.24M	409.76M	411.35M	375.59M	395.71M	242.99M	163.51M	221.45M	161.75M	150.27M
Capital Expenditures (PPE)	-178.64M	-102.74M	-248.38M	-129.51M	-63.00M	-63.86M	-63.35M	-84.41M	-44.07M	-86.85M	-92.35M	-134.14M	-339.61M	-200.39M
Acquisitions (Net)	7.60M	-198.45M	-46.23M	9.12M	10.48M	-11.35M	-199.80M	-107.25M	-370.46M	-36.81M	-789.14M	0.41M	-52.08M	-16.47M
Purchases of Investments	-71.76M	-89.24M	-17.08M	0.00M	-1.56M	-50.58M	-144.04M	-260.28M	-185.25M	-196.07M	711.45M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	54.45M	116.87M	0.00M	135.33M	10.00M	73.55M	51.01M	0.00M	12.42M	232.89M	77.69M	0.00M	0.00M	0.00M
Other Investing Activities	-82.39M	-31.49M	13.94M	28.40M	-72.89M	-0.51M	-19.21M	0.19M	-39.42M	-241.54M	-2.37M	0.01M	0.72M	90.34M
Net Cash from Investing Activities	-194.55M	-294.50M	-297.76M	43.34M	-44.09M	-52.75M	-375.40M	-451.75M	-626.79M	-328.40M	-806.18M	-133.72M	-390.97M	-126.53M
Net Debt Issuance	-860.25M	-172.21M	8.70M	-757.52M	172.30M	-260.68M	24.48M	167.12M	-74.41M	-34.21M	496.17M	-32.72M	164.94M	-31.92M
Long-Term Debt Issuance	-838.07M	-172.21M	8.70M	-720.00M	172.30M	-236.47M	24.48M	167.12M	-74.23M	-34.21M	496.17M	-30.00M	164.94M	-31.92M
Short-Term Debt Issuance	-22.18M	0.00M	0.00M	-37.52M	-77.15M	-24.21M	0.00M	0.00M	0.18M	424.26M	496.17M	-2.72M	0.00M	0.00M
Net Stock Issuance	-9.90M	122.73M	-6.08M	31.21M	-32.42M	0.00M	149.12M	-150.90M	412.00M	0.00M	0.00M	0.00M	0.00M	28.00M
Common Stock Issuance	38.90M	145.25M	-6.08M	38.90M	0.00M	0.00M	149.12M	0.00M	412.00M	0.00M	754.69M	0.00M	0.00M	28.00M
Common Stock Repurchased	-17.58M	-22.52M	0.00M	-7.69M	-32.42M	0.00M	-1.50M	-150.90M	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	-197.63M	-114.94M	-59.57M	-93.60M	-104.03M	-51.72M	-63.22M	-100.23M	-88.69M	-41.76M	-239.33M	-1.80M	-9.63M	-1.80M
Common Dividends Paid	-197.63M	-114.94M	-59.57M	-93.60M	-104.03M	-51.72M	-63.22M	-100.23M	-88.69M	-41.76M	-239.33M	-1.80M	-9.63M	-1.80M
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	-209.50M	-62.20M	-74.35M	-233.34M	-72.45M	-45.49M	-89.03M	-49.06M	-42.71M	457.52M	662.59M	-33.07M	5.54M	-3.03M
Net Cash from Financing Activities	-1,277.28M	-226.62M	-131.30M	-1,053.26M	-45.64M	-357.89M	21.36M	-133.07M	206.20M	381.54M	919.44M	-67.59M	160.85M	-8.75M
Effect of FX on Cash	-0.07M	-480.09M	-0.62M	1.07M	-0.74M	-0.81M	1.61M	0.82M	-2.01M	0.91M	-0.02M	-0.22M	-0.12M	-0.28M
Net Change in Cash	67.43M	380.91M	97.11M	-524.48M	557.77M	-1.70M	62.36M	-211.85M	-26.89M	297.05M	276.76M	19.92M	-68.49M	14.71M
Cash at Beginning of Period	2,767.88M	1,975.57M	411.94M	936.42M	478.65M	480.35M	417.99M	629.84M	656.73M	359.69M	82.93M	63.01M	131.49M	116.78M
Cash at End of Period	2,835.31M	2,356.48M	509.05M	411.94M	1,036.42M	478.65M	480.35M	417.99M	629.84M	656.73M	359.69M	82.93M	63.01M	131.49M
Operating Cash Flow	1,126.85M	901.78M	526.78M	484.36M	648.24M	409.76M	411.35M	375.59M	395.71M	242.99M	163.51M	221.45M	161.75M	150.27M
Capital Expenditure	-178.64M	-102.74M	-248.38M	-129.51M	-63.00M	-63.86M	-63.35M	-84.41M	-44.07M	-86.85M	-92.35M	-134.14M	-339.61M	-200.39M
Free Cash Flow	948.21M	799.04M	278.39M	354.85M	585.23M	345.89M	347.99M	291.18M	351.63M	156.14M	71.16M	87.31M	-177.86M	-50.12M

Free Cash Flow

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
EBITDA	932.06M	858.12M	512.57M	429.92M	467.76M	406.34M	316.48M	430.44M	446.65M	388.54M	328.54M	256.64M	185.72M	199.43M
(-) Tax Adjustment	167.33M	155.16M	99.86M	75.00M	77.04M	75.55M	47.96M	75.37M	80.24M	71.64M	59.38M	42.54M	30.23M	29.64M
(-) Change In Working Capital	-29.67M	-21.16M	-4.08M	-13.73M	86.83M	-0.44M	-0.21M	-52.13M	-39.18M	-89.88M	-93.30M	-30.73M	-2.86M	-19.04M
(-) Capital Expenditure	-178.64M	-102.74M	-248.38M	-129.51M	-63.00M	-63.86M	-63.35M	-84.41M	-44.07M	-86.85M	-92.35M	-134.14M	-339.61M	-200.39M
Unlevered Free Cash Flow	615.76M	621.38M	168.40M	239.13M	240.88M	267.37M	205.38M	322.79M	361.52M	319.92M	270.10M	110.69M	-181.26M	-11.56M
(-) Net Interest Income After Taxes	-80.95M	-46.14M	-21.47M	-45.16M	-36.37M	-19.37M	-23.80M	-40.94M	-50.41M	-34.30M	-10.06M	0.55M	0.32M	-2.55M
Net Debt Issuance	-860.25M	-172.21M	8.70M	-757.52M	172.30M	-260.68M	24.48M	167.12M	-74.41M	-34.21M	496.17M	-32.72M	164.94M	-31.92M
Levered Free Cash Flow	-163.54M	495.31M	198.57M	-473.23M	449.54M	26.07M	253.66M	530.85M	337.52M	320.01M	776.33M	77.42M	-16.64M	-40.93M