Doha Insurance Group Q.P.S.C. (DOHI.QA)

Industry: Insurance - Diversified Sector: Financial Services Currency Used: QA Live Price: $2.68

Enterprise Value

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Stock Price	2.48	2.47	2.21	2.01	1.95	1.17	1.16	1.32	1.46	1.95	2.40	2.75	2.05	1.99
Market Capitalization	1,235.91M	1,233.75M	1,103.75M	1,000.99M	972.50M	582.50M	581.25M	660.00M	731.32M	972.84M	1,201.63M	1,452.22M	527.02M	570.25M
(-) Cash & Equivalents	521.40M	371.72M	546.07M	488.04M	254.22M	384.07M	396.78M	425.58M	476.81M	467.86M	405.00M	391.48M	137.62M	132.12M
(+) Total Debt	46.67M	46.61M	87.31M	172.83M	162.90M	65.53M	56.87M	36.53M	23.85M	0.00M	0.00M	0.00M	0.00M	0.00M
Enterprise Value	761.19M	908.64M	644.98M	685.78M	881.18M	263.96M	241.34M	270.94M	278.36M	504.97M	796.63M	1,060.74M	389.40M	438.12M

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
Revenue	1,310M	892M	974M	571M	733M	521M	417M	320M	351M	277M	246M	197M	211M	186M	163M	-27M	-26M	-29M	-65M	-55M	-21M
Cost of Revenue	41M	38M	0M	0M	83M	71M	51M	36M	40M	30M	25M	10M	8M	6M	6M	0M	0M	0M	0M	0M	0M
Gross Profit	1,270M	854M	974M	571M	650M	450M	366M	284M	311M	247M	221M	187M	203M	180M	158M	-27M	-26M	-29M	-65M	-55M	-21M
Gross Profit Margin	96.9%	95.8%	100.0%	100.0%	88.7%	86.4%	87.8%	88.8%	88.5%	89.1%	89.8%	94.9%	96.2%	96.7%	96.5%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	16M	-19M	18M	17M	60M	11M	11M	13M	14M	10M	11M	11M	10M	8M	5M	43M	33M	30M	26M	20M	11M
Operating Expenses	534M	705M	790M	429M	547M	371M	299M	231M	249M	204M	148M	77M	124M	111M	100M	-157M	-150M	-137M	-162M	-99M	-49M
Operating Income (EBIT)	735M	149M	184M	143M	104M	78M	67M	53M	62M	43M	73M	110M	79M	69M	58M	130M	124M	109M	97M	44M	29M
Operating Income Margin	56.1%	16.8%	18.9%	25.0%	14.1%	15.1%	16.0%	16.7%	17.6%	15.4%	29.7%	55.8%	37.4%	36.9%	35.4%	-487.6%	-478.5%	-381.3%	-149.9%	-81.4%	-139.9%
Interest Income	49M	65M	61M	48M	33M	23M	25M	31M	34M	33M	37M	29M	23M	23M	17M	0M	0M	0M	0M	0M	0M
Interest Expense	1M	1M	1M	0M	0M	2M	2M	2M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	48M	64M	60M	48M	33M	21M	23M	29M	34M	32M	37M	29M	23M	23M	17M	0M	0M	0M	0M	0M	0M
Unusual Items	-580M	-64M	-60M	-48M	-33M	-21M	-23M	-29M	-34M	-32M	-37M	-29M	-23M	-23M	-17M	0M	0M	0M	0M	0M	0M
EBT Excluding Unusual Items	783M	213M	245M	190M	136M	100M	90M	83M	95M	75M	110M	139M	102M	92M	75M	130M	124M	109M	97M	44M	29M
Pre-Tax Income	203M	149M	184M	143M	104M	78M	67M	53M	62M	43M	73M	110M	79M	69M	58M	130M	124M	109M	97M	44M	29M
Pre-Tax Margin	15.5%	16.8%	18.9%	25.0%	14.1%	15.1%	16.0%	16.7%	17.6%	15.4%	29.7%	55.8%	37.4%	36.9%	35.4%	-487.6%	-478.5%	-381.3%	-149.9%	-81.4%	-139.9%
Income Tax Expense	2M	0M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	65M	63M	57M	50M	0M	0M
Net Income	202M	149M	182M	143M	104M	78M	67M	53M	62M	43M	73M	110M	79M	69M	58M	66M	61M	52M	47M	44M	29M
Net Income Margin	15.4%	16.7%	18.7%	25.0%	14.1%	15.1%	16.0%	16.7%	17.6%	15.4%	29.7%	55.8%	37.4%	36.9%	35.4%	-246.3%	-234.6%	-182.4%	-72.6%	-81.1%	-140.6%
Depreciation & Amortization	11M	14M	14M	13M	13M	12M	11M	9M	5M	4M	4M	3M	3M	3M	3M	2M	3M	3M	2M	2M	2M
EBITDA	746M	163M	198M	156M	117M	91M	78M	62M	67M	47M	77M	113M	82M	72M	60M	132M	127M	111M	100M	47M	31M
EBITDA Margin	56.9%	18.3%	20.3%	27.3%	15.9%	17.4%	18.6%	19.4%	19.2%	17.0%	31.1%	57.5%	38.9%	38.5%	36.9%	-495.5%	-489.8%	-390.5%	-153.5%	-85.5%	-150.6%
NOPAT	729M	149M	182M	143M	104M	78M	67M	53M	62M	43M	73M	110M	79M	69M	58M	66M	61M	52M	47M	44M	29M
NOPAT Margin	55.6%	16.7%	18.7%	25.0%	14.1%	15.1%	16.0%	16.7%	17.6%	15.4%	29.7%	55.8%	37.4%	36.9%	35.4%	-246.3%	-234.6%	-182.4%	-72.6%	-81.1%	-140.6%
Owner's Earnings	208M	157M	191M	150M	116M	80M	75M	61M	58M	40M	75M	110M	81M	69M	53M	58M	52M	45M	31M	32M	20M
Owner's Earnings Margin	15.9%	17.6%	19.6%	26.3%	15.8%	15.4%	17.9%	18.9%	16.4%	14.6%	30.4%	55.8%	38.4%	37.3%	32.6%	-215.4%	-201.8%	-156.1%	-48.3%	-59.4%	-99.4%
EPS (Basic)	0.41	0.31	0.38	0.30	0.21	0.15	0.12	0.10	0.12	0.08	0.14	0.22	0.20	0.23	0.21	0.23	0.21	0.18	0.18	0.22	0.14
EPS (Diluted)	0.40	0.30	0.36	0.29	0.21	0.16	0.13	0.11	0.12	0.09	0.15	0.22	0.20	0.24	0.20	0.23	0.21	0.18	0.16	0.22	0.14
Shares (Basic)	499M	500M	500M	500M	500M	500M	500M	500M	500M	500M	500M	500M	395M	288M	288M	288M	288M	288M	288M	204M	204M
Shares (Diluted)	499M	500M	500M	500M	500M	500M	500M	500M	500M	500M	500M	504M	395M	288M	288M	288M	288M	288M	288M	204M	204M

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
Cash & Cash Equivalents	650.55M	471.10M	508.82M	588.34M	586.61M	432.54M	398.39M	388.53M	438.30M	465.63M	516.03M	467.93M	467.48M	187.15M	171.43M	168.01M	162.48M	151.63M	145.99M	69.45M	61.08M
Short-Term Investments	-650.55M	845.94M	755.90M	-331.27M	521.53M	627.98M	470.85M	438.67M	441.05M	0.00M	0.00M	0.00M	582.08M	357.86M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	0.00M	1,317.04M	1,264.72M	257.07M	1,108.15M	1,060.52M	869.23M	827.20M	879.36M	465.63M	516.03M	467.93M	1,049.56M	545.01M	171.43M	168.01M	162.48M	151.63M	145.99M	69.45M	61.08M
Net Receivables	0.00M	0.00M	4.54M	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
Inventory	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 Current Assets	0.00M	-1,376.32M	700.14M	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 Current Assets	0.00M	-59.28M	1,969.41M	257.07M	1,108.15M	1,060.52M	869.23M	827.20M	879.36M	465.63M	516.03M	467.93M	1,049.56M	545.01M	171.43M	168.01M	162.48M	151.63M	145.99M	69.45M	61.08M
Property, Plant & Equipment	100.20M	101.57M	96.20M	95.11M	21.79M	26.57M	21.75M	24.94M	20.43M	13.01M	8.66M	9.17M	7.72M	73.86M	73.35M	67.45M	57.83M	49.46M	46.12M	29.51M	16.59M
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	0.00M	0.00M	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	35.87M	33.95M	22.40M	16.73M	14.57M	12.62M	4.21M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	0.00M	1,073.58M	971.83M	821.10M	774.58M	899.74M	640.17M	520.61M	529.06M	491.59M	494.75M	577.92M	606.25M	363.80M	333.54M	4.74M	3.95M	0.00M	0.00M	0.00M	0.00M
Tax Assets	0.00M	0.00M	0.00M	0.00M	760.50M	892.36M	639.52M	528.83M	534.92M	491.98M	499.20M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	-100.20M	2,409.29M	2,215.62M	906.87M	-796.37M	-926.31M	-661.92M	-545.55M	-549.49M	-504.60M	-503.41M	-587.10M	-613.97M	-437.65M	-406.89M	-72.19M	-61.78M	-49.46M	-46.12M	-29.51M	-16.59M
Other Assets	3,822.35M	3,584.44M	1,261.93M	706.54M	1,409.09M	1,021.26M	1,081.51M	1,467.32M	607.85M	871.39M	603.79M	481.89M	18.32M	336.71M	799.68M	1,070.55M	1,462.32M	472.49M	446.69M	419.37M	354.32M
Total Non-Current Assets	3,822.35M	7,168.87M	4,545.58M	2,529.62M	2,205.46M	1,947.57M	1,743.43M	2,012.88M	1,157.34M	1,375.98M	1,107.21M	481.89M	18.32M	336.71M	799.68M	1,070.55M	1,462.32M	472.49M	446.69M	419.37M	354.32M
Total Assets	3,822.35M	7,109.59M	6,514.99M	2,786.69M	3,313.60M	3,008.09M	2,612.66M	2,840.07M	2,036.70M	1,841.62M	1,623.23M	949.82M	1,067.88M	881.73M	971.11M	1,238.57M	1,624.79M	624.12M	592.68M	488.82M	415.40M
Accounts Payable	0.00M	0.00M	0.00M	1,430.39M	0.00M	0.00M	0.00M	168.59M	128.00M	122.81M	75.37M	57.62M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt	0.00M	0.00M	0.00M	25.91M	93.97M	0.00M	0.00M	0.00M	2.80M	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	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
Deferred Revenue	0.00M	0.00M	0.00M	-43.89M	-189.23M	-62.51M	-153.96M	0.00M	0.00M	121.63M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	0.00M	0.00M	858.86M	-11.95M	-382.10M	-244.69M	-180.83M	-171.01M	-130.80M	-122.81M	-91.14M	-75.22M	-18.16M	-14.47M	-234.00M	0.00M	-45.00M	-45.00M	-45.00M	-38.17M	-31.81M
Total Current Liabilities	0.00M	0.00M	858.86M	1,400.46M	-477.36M	-307.19M	-334.79M	-2.42M	0.00M	121.63M	-15.77M	-17.61M	-18.16M	-14.47M	-234.00M	0.00M	-45.00M	-45.00M	-45.00M	-38.17M	-31.81M
Long-Term Debt	36.45M	37.60M	33.54M	65.91M	41.25M	32.82M	28.74M	49.23M	53.22M	30.76M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	0.00M	9.74M	6.04M	6.07M	7.38M	9.32M	12.72M	15.97M	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
Deferred Tax Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	29.05M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	-45.31M	-47.34M	1,959.55M	821.08M	-46.16M	1,785.93M	-28.74M	-49.23M	-53.22M	-30.76M	-5.90M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	-8.86M	0.00M	1,999.13M	893.07M	2.47M	1,828.07M	12.72M	15.97M	0.00M	29.05M	-5.90M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Liabilities	-8.86M	0.00M	2,857.99M	2,293.53M	-474.89M	1,520.88M	-322.07M	13.55M	0.00M	150.68M	-21.67M	-17.61M	-18.16M	-14.47M	-234.00M	0.00M	-45.00M	-45.00M	-45.00M	-38.17M	-31.81M
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
Common Stock	500.00M	500.00M	500.00M	500.00M	500.00M	500.00M	500.00M	500.00M	500.00M	500.00M	500.00M	500.00M	500.00M	257.40M	234.00M	180.00M	180.00M	180.00M	180.00M	127.24M	127.24M
Retained Earnings	539.14M	474.85M	439.78M	794.84M	337.08M	305.60M	290.94M	269.32M	265.92M	178.71M	171.83M	115.83M	79.83M	69.95M	62.76M	56.81M	46.61M	31.25M	24.17M	22.01M	20.30M
Accumulated OCI	364.51M	351.54M	329.29M	-81.94M	319.74M	383.74M	318.77M	304.22M	298.17M	359.52M	402.20M	459.22M	126.41M	60.57M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	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 Shareholders’ Equity	1,403.65M	1,326.38M	1,269.07M	1,212.90M	1,156.82M	1,189.34M	1,109.70M	1,073.55M	1,064.09M	1,038.24M	1,074.03M	1,075.05M	706.24M	387.92M	296.76M	236.81M	226.61M	211.25M	204.17M	149.25M	147.54M
Total Equity	1,403.65M	1,326.38M	1,269.07M	1,212.90M	1,156.82M	1,189.34M	1,109.70M	1,073.55M	1,064.09M	1,038.24M	1,074.03M	1,075.05M	706.24M	387.92M	296.76M	236.81M	226.61M	211.25M	204.17M	149.25M	147.54M
Total Liabilities & Equity	1,394.79M	1,326.38M	4,127.07M	3,506.44M	681.93M	2,710.22M	787.63M	1,087.10M	1,064.09M	1,188.91M	1,052.36M	1,057.45M	688.08M	373.44M	62.76M	236.81M	181.61M	166.25M	159.17M	111.08M	115.73M
Tangible Assets	3,822.35M	7,109.59M	6,514.99M	2,786.69M	3,277.74M	2,974.14M	2,590.26M	2,823.35M	2,022.12M	1,829.00M	1,619.02M	949.82M	1,067.88M	881.73M	971.11M	1,238.57M	1,624.79M	624.12M	592.68M	488.82M	415.40M
Tangible Equity	1,403.65M	1,326.38M	1,269.07M	1,212.90M	1,120.95M	1,155.39M	1,087.30M	1,056.82M	1,049.52M	1,025.62M	1,069.82M	1,075.05M	706.24M	387.92M	296.76M	236.81M	226.61M	211.25M	204.17M	149.25M	147.54M
Tangible Book Value	1,403.65M	1,326.38M	1,269.07M	1,212.90M	1,120.95M	1,155.39M	1,087.30M	1,056.82M	1,049.52M	1,025.62M	1,069.82M	1,075.05M	706.24M	387.92M	296.76M	236.81M	226.61M	211.25M	204.17M	149.25M	147.54M
Total Investments	0.00M	1,919.52M	1,727.74M	1,442.63M	1,296.11M	1,527.72M	1,111.02M	959.28M	970.12M	491.59M	494.75M	577.92M	1,188.33M	721.66M	333.54M	4.74M	3.95M	0.00M	0.00M	0.00M	0.00M
Net Debt	-614.10M	-433.51M	-475.28M	-496.52M	-451.39M	-399.72M	-369.64M	-339.30M	-382.29M	-434.87M	-516.03M	-467.93M	-467.48M	-187.15M	-171.43M	-168.01M	-162.48M	-151.63M	-145.99M	-69.45M	-61.08M

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
Working Capital	0.0M	0.0M	1,165.9M	-1,233.9M	1,011.7M	878.3M	842.4M	655.8M	748.6M	342.8M	327.4M	301.7M	1,031.4M	530.5M	171.4M	168.0M	162.5M	151.6M	146.0M	69.4M	61.1M
Total Capital	1,449.0M	1,394.3M	1,334.7M	1,284.9M	1,299.4M	1,404.3M	1,176.0M	1,141.5M	1,120.1M	1,070.2M	1,074.0M	1,075.1M	1,074.6M	548.5M	481.5M	446.3M	429.1M	371.3M	362.7M	302.7M	263.1M
Capital Employed	3,822.3M	3,584.4M	2,427.8M	1,295.8M	3,217.2M	2,825.9M	2,585.8M	2,668.7M	1,905.9M	1,718.8M	1,434.6M	1,370.7M	1,663.7M	1,304.9M	1,378.0M	1,310.8M	1,686.6M	673.6M	638.8M	518.3M	432.0M
Invested Capital	798.4M	923.2M	825.9M	696.5M	712.8M	971.8M	777.6M	753.0M	681.8M	604.5M	558.0M	607.1M	607.2M	361.4M	310.1M	278.3M	266.6M	219.7M	216.7M	233.2M	202.0M

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
Net Income	204.81M	153.51M	190.40M	150.75M	102.11M	73.27M	60.07M	48.94M	60.26M	42.16M	72.25M	110.97M	77.27M	67.05M	60.29M	65.75M	60.67M	52.08M	47.16M	44.31M	28.74M
Depreciation & Amortization	7.20M	8.75M	13.96M	13.31M	13.20M	12.11M	10.86M	8.72M	5.41M	4.42M	48.50M	3.27M	3.04M	3.01M	2.52M	2.12M	2.93M	2.64M	2.33M	2.25M	2.21M
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
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
Change in Working Capital	227.28M	37.69M	4.54M	48.46M	116.12M	50.42M	87.91M	-24.08M	23.41M	32.40M	-16.21M	-12.10M	-21.72M	13.40M	33.17M	-10.83M	-1.66M	-11.61M	-10.01M	-28.47M	16.44M
Accounts Receivable	4.77M	-4.14M	-10.40M	0.00M	36.91M	-94.94M	-29.08M	-65.92M	-19.20M	-64.91M	-70.40M	-3.27M	-49.54M	-0.15M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	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
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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	219.29M	37.89M	14.93M	48.46M	79.21M	145.36M	116.99M	41.85M	42.61M	97.31M	54.19M	-8.83M	27.83M	11.96M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Cash Items	-34.97M	-4.10M	-82.67M	-70.24M	-15.72M	-26.26M	-10.60M	-36.47M	-67.68M	-32.67M	-119.20M	-86.26M	-38.70M	-44.21M	-49.69M	-13.30M	-1.76M	-10.86M	10.78M	-5.12M	17.05M
Net Cash from Operating Activities	404.32M	188.57M	126.23M	142.27M	215.71M	109.54M	148.24M	-2.88M	21.40M	46.32M	-14.65M	15.89M	19.90M	39.25M	46.28M	43.73M	60.19M	32.25M	50.25M	12.96M	64.44M
Capital Expenditures (PPE)	-4.01M	-6.05M	-5.34M	-5.81M	-1.06M	-10.64M	-2.72M	-1.60M	-9.83M	-6.54M	-1.73M	-3.35M	-1.12M	-2.22M	-7.05M	-10.36M	-11.42M	-10.16M	-18.11M	-14.11M	-10.67M
Acquisitions (Net)	0.00M	3.63M	0.00M	0.14M	33.42M	23.93M	21.14M	-15.73M	10.56M	-24.44M	-6.75M	-218.51M	3.00M	0.00M	-89.47M	-41.71M	-43.76M	-18.44M	-127.78M	-10.15M	-14.32M
Purchases of Investments	-167.51M	-324.92M	-274.07M	-189.93M	-137.84M	-315.87M	-162.75M	-16.82M	-75.76M	-118.75M	-62.02M	-125.45M	-353.68M	-112.37M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	123.59M	114.71M	120.99M	140.18M	181.22M	125.69M	50.84M	34.86M	41.71M	52.46M	139.53M	239.97M	203.79M	92.69M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	-243.02M	144.09M	88.80M	144.91M	-121.30M	-55.14M	70.63M	34.45M	-121.50M	-244.61M	92.98M	-74.67M	23.53M	23.28M	56.51M	61.69M	53.51M	50.12M	76.80M	50.64M	11.25M
Net Cash from Investing Activities	-290.94M	-56.96M	-69.61M	89.50M	-45.57M	-232.04M	-22.85M	35.16M	-154.81M	-317.44M	115.52M	36.50M	-124.49M	1.38M	-40.00M	9.62M	-1.67M	21.52M	-69.09M	26.37M	-13.74M
Net Debt Issuance	-7.32M	-30.18M	-33.58M	-69.31M	-70.46M	156.41M	-3.99M	-2.77M	24.08M	32.86M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.29M	-1.57M	-1.57M
Long-Term Debt Issuance	-7.32M	-29.21M	-33.58M	-69.31M	-70.46M	156.41M	-3.99M	-2.77M	24.08M	32.86M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt Issuance	0.00M	-0.98M	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	-1.29M	-1.57M	-1.57M
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	436.39M	0.00M	0.00M	0.00M	0.00M	0.00M	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	0.00M	0.00M	436.39M	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	-2.77M	0.00M	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
Net Dividends Paid	-87.50M	-87.81M	-87.50M	-74.69M	-58.17M	-49.36M	-39.15M	-40.00M	-37.50M	-30.00M	-50.00M	-50.00M	-51.48M	-23.40M	-1.21M	-46.30M	-47.67M	-46.74M	-35.50M	-30.08M	-22.80M
Common Dividends Paid	-87.50M	-87.81M	-87.50M	-74.69M	-58.17M	-49.36M	-39.15M	-40.00M	-37.50M	-30.00M	-50.00M	-50.00M	-51.48M	-23.40M	-1.21M	-46.30M	-47.67M	-46.74M	-35.50M	-30.08M	-22.80M
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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-5.15M	-10.90M	-4.93M	-4.29M	-4.51M	-5.41M	-1.69M	-4.84M	-2.00M	-2.29M	-2.77M	-1.93M	0.00M	-1.51M	-1.65M	-1.52M	0.00M	0.00M	131.71M	-0.13M	-0.21M
Net Cash from Financing Activities	-99.97M	-128.28M	-126.01M	-148.29M	-137.37M	101.64M	-44.82M	-47.61M	-15.42M	0.57M	-52.77M	-51.93M	384.91M	-24.91M	-2.86M	-47.81M	-47.67M	-46.74M	94.92M	-31.77M	-24.57M
Effect of FX on Cash	58.71M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	72.12M	-327.94M	-69.40M	83.48M	32.77M	-20.85M	80.57M	-15.33M	-148.83M	-270.55M	48.10M	0.46M	280.32M	15.72M	3.42M	5.54M	10.85M	7.02M	76.08M	7.57M	26.12M
Cash at Beginning of Period	1,362.23M	1,247.81M	257.38M	173.90M	141.12M	161.98M	81.41M	96.74M	245.47M	516.03M	467.93M	467.48M	187.15M	171.43M	168.01M	162.48M	151.63M	144.60M	68.53M	60.96M	34.84M
Cash at End of Period	1,434.35M	919.87M	187.98M	257.38M	173.90M	141.12M	161.98M	81.41M	96.64M	245.47M	516.03M	467.93M	467.48M	187.15M	171.43M	168.01M	162.48M	151.63M	144.60M	68.53M	60.96M
Operating Cash Flow	404.32M	188.57M	126.23M	142.27M	215.71M	109.54M	148.24M	-2.88M	21.40M	46.32M	-14.65M	15.89M	19.90M	39.25M	46.28M	43.73M	60.19M	32.25M	50.25M	12.96M	64.44M
Capital Expenditure	-4.01M	-6.05M	-5.34M	-5.81M	-1.06M	-10.64M	-2.72M	-1.60M	-9.83M	-6.54M	-1.73M	-3.35M	-1.12M	-2.22M	-7.05M	-10.36M	-11.42M	-10.16M	-18.11M	-14.11M	-10.67M
Free Cash Flow	400.31M	182.52M	120.89M	136.46M	214.64M	98.90M	145.53M	-4.48M	11.58M	39.77M	-16.38M	12.54M	18.78M	37.03M	39.23M	33.37M	48.77M	22.08M	32.14M	-1.15M	53.77M

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
EBITDA	1,264.04M	887.40M	970.65M	567.87M	603.10M	450.50M	365.62M	280.31M	301.71M	241.17M	213.52M	179.22M	195.91M	175.48M	155.27M	-67.29M	-56.20M	-55.80M	-88.17M	-72.32M	-29.78M
(-) Tax Adjustment	11.32M	0.25M	9.50M	0.11M	0.14M	0.15M	0.14M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-23.55M	-19.67M	-19.53M	-30.86M	-0.25M	0.00M
(-) Change In Working Capital	227.28M	37.69M	4.54M	48.46M	116.12M	50.42M	87.91M	-24.08M	23.41M	32.40M	-16.21M	-12.10M	-21.72M	13.40M	33.17M	-10.83M	-1.66M	-11.61M	-10.01M	-28.47M	16.44M
(-) Capital Expenditure	-4.01M	-6.05M	-5.34M	-5.81M	-1.06M	-10.64M	-2.72M	-1.60M	-9.83M	-6.54M	-1.73M	-3.35M	-1.12M	-2.22M	-7.05M	-10.36M	-11.42M	-10.16M	-18.11M	-14.11M	-10.67M
Unlevered Free Cash Flow	1,021.43M	843.41M	951.28M	513.48M	485.77M	389.29M	274.86M	302.79M	268.47M	202.22M	227.99M	187.96M	216.50M	159.85M	115.05M	-43.27M	-46.29M	-34.82M	-65.41M	-57.71M	-56.88M
(-) Net Interest Income After Taxes	47.49M	63.98M	59.83M	47.81M	32.72M	21.40M	22.89M	29.23M	33.50M	32.22M	37.32M	29.27M	23.36M	23.20M	17.23M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt Issuance	-7.32M	-30.18M	-33.58M	-69.31M	-70.46M	156.41M	-3.99M	-2.77M	24.08M	32.86M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.29M	-1.57M	-1.57M
Levered Free Cash Flow	966.62M	749.24M	857.87M	396.37M	382.59M	524.30M	247.98M	270.79M	259.04M	202.86M	190.67M	158.69M	193.14M	136.65M	97.82M	-43.27M	-46.29M	-34.82M	-66.70M	-59.28M	-58.45M