National Fuel Gas Company (NFG)

Industry: Oil & Gas Integrated Sector: Energy Currency Used: US Live Price: $81.21

Enterprise Value

Metric	MRQ	MRQ-1	2025	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	1999	1998	1997	1996
Stock Price	92.37	84.71	85.42	57.21	52.80	64.90	54.68	40.24	51.81	52.92	56.75	54.41	52.99	71.97	64.79	49.66	62.77	53.47	40.64	45.05	45.16	35.69	30.72	26.57	23.80	21.88	25.06	26.54	22.68	22.84	22.17	18.58
Market Capitalization	8,347.15M	7,654.23M	7,722.70M	5,233.75M	4,848.18M	5,937.58M	4,986.36M	3,587.82M	4,472.44M	4,547.51M	4,850.12M	4,624.17M	4,474.72M	6,065.33M	5,431.93M	4,134.34M	5,187.84M	4,369.80M	3,246.51M	3,651.10M	3,763.77M	2,975.98M	2,574.96M	2,185.47M	1,926.41M	1,750.97M	2,054.44M	2,083.21M	1,758.45M	1,747.09M	1,583.56M	1,402.53M
(-) Cash & Equivalents	43.17M	39.32M	40.81M	54.77M	55.52M	258.53M	77.27M	204.08M	63.30M	220.17M	309.58M	116.43M	132.35M	83.58M	83.93M	117.14M	158.54M	340.11M	332.93M	170.72M	140.22M	84.23M	76.81M	73.17M	61.31M	23.94M	38.56M	41.75M	31.43M	35.05M	26.48M	21.88M
(+) Total Debt	2,833.06M	2,743.35M	2,838.65M	2,755.24M	2,593.73M	2,826.44M	2,709.42M	2,601.48M	2,186.84M	2,108.46M	2,160.87M	2,085.97M	2,026.37M	1,713.63M	1,649.00M	1,523.80M	1,151.50M	1,204.13M	1,189.27M	1,090.50M	1,023.12M	1,132.73M	1,182.15M	1,322.11M	1,608.03M	1,573.10M	1,622.74M	1,491.48M	1,276.91M	1,190.95M	777.20M	751.43M
Enterprise Value	11,137.05M	10,358.26M	10,520.53M	7,934.22M	7,386.39M	8,505.49M	7,618.51M	5,985.22M	6,595.98M	6,435.80M	6,701.41M	6,593.71M	6,368.74M	7,695.37M	6,997.00M	5,541.00M	6,180.80M	5,233.81M	4,102.85M	4,570.88M	4,646.66M	4,024.48M	3,680.30M	3,434.42M	3,473.13M	3,300.12M	3,638.62M	3,532.94M	3,003.93M	2,902.99M	2,334.29M	2,132.08M

Income Statement

Metric	TTM	TTM-1	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Revenue	2,268M	1,945M	2,278M	1,945M	2,174M	2,186M	1,743M	1,546M	1,693M	1,593M	1,580M	1,452M	1,761M	2,113M	1,830M	1,627M	1,779M	1,761M	2,052M	2,400M	2,040M	2,240M	1,861M	1,908M	1,922M	1,464M	2,060M	1,412M	1,263M	1,248M	1,266M	1,208M
Cost of Revenue	1,098M	1,127M	771M	1,127M	1,326M	1,283M	983M	979M	1,093M	989M	901M	839M	1,156M	1,453M	1,229M	1,089M	1,256M	658M	997M	1,235M	1,018M	1,268M	960M	949M	964M	513M	1,057M	543M	462M	479M	530M	478M
Gross Profit	1,169M	818M	1,506M	818M	848M	903M	760M	568M	601M	604M	679M	614M	605M	660M	600M	538M	523M	1,102M	1,054M	1,165M	1,021M	972M	901M	959M	958M	951M	1,002M	869M	802M	769M	736M	730M
Gross Profit Margin	51.6%	42.0%	66.1%	42.0%	39.0%	41.3%	43.6%	36.7%	35.5%	37.9%	43.0%	42.2%	34.3%	31.3%	32.8%	33.1%	29.4%	62.6%	51.4%	48.5%	50.1%	43.4%	48.4%	50.2%	49.9%	64.9%	48.7%	61.5%	63.5%	61.6%	58.1%	60.5%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Operating Expenses	356M	608M	693M	608M	93M	88M	120M	538M	89M	84M	85M	1,030M	1,216M	91M	82M	90M	82M	662M	827M	679M	625M	616M	617M	625M	555M	662M	804M	571M	545M	661M	499M	507M
Operating Income (EBIT)	813M	210M	813M	210M	755M	815M	640M	30M	512M	520M	594M	-417M	-611M	570M	518M	448M	441M	440M	228M	486M	396M	356M	284M	333M	403M	289M	199M	298M	257M	108M	237M	224M
Operating Income Margin	35.9%	10.8%	35.7%	10.8%	34.7%	37.3%	36.7%	1.9%	30.2%	32.6%	37.6%	-28.7%	-34.7%	27.0%	28.3%	27.5%	24.8%	25.0%	11.1%	20.3%	19.4%	15.9%	15.3%	17.5%	21.0%	19.7%	9.6%	21.1%	20.3%	8.7%	18.7%	18.5%
Interest Income	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	4M	4M	4M	4M	4M	3M	4M	6M	11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	156M	139M	156M	139M	132M	130M	146M	117M	107M	115M	120M	121M	99M	94M	94M	86M	78M	94M	87M	74M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	-156M	-139M	-156M	-139M	-132M	-130M	-146M	-117M	-107M	-115M	-120M	-117M	-96M	-90M	-90M	-83M	-75M	-90M	-81M	-63M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Unusual Items	36M	16M	36M	16M	18M	-2M	-15M	-18M	-16M	-21M	-30M	10M	8M	9M	5M	5M	57M	6M	5M	14M	-63M	-63M	-38M	-84M	-97M	-99M	-96M	-93M	-77M	-52M	-54M	-53M
EBT Excluding Unusual Items	658M	71M	658M	71M	623M	684M	494M	-87M	405M	405M	474M	-533M	-707M	480M	428M	365M	366M	350M	147M	423M	396M	356M	284M	333M	403M	289M	199M	298M	257M	108M	237M	224M
Pre-Tax Income	694M	87M	694M	87M	641M	683M	478M	-105M	390M	384M	444M	-524M	-699M	489M	433M	371M	423M	356M	152M	437M	333M	293M	246M	249M	305M	190M	103M	204M	180M	56M	183M	171M
Pre-Tax Margin	30.6%	4.5%	30.5%	4.5%	29.5%	31.2%	27.4%	-6.8%	23.0%	24.1%	28.1%	-36.0%	-39.7%	23.1%	23.7%	22.8%	23.8%	20.2%	7.4%	18.2%	16.4%	13.1%	13.2%	13.0%	15.9%	13.0%	5.0%	14.5%	14.2%	4.5%	14.5%	14.2%
Income Tax Expense	176M	10M	176M	10M	165M	117M	115M	19M	85M	-7M	161M	-233M	-319M	190M	173M	151M	164M	137M	51M	168M	132M	108M	93M	95M	124M	72M	37M	77M	65M	24M	69M	66M
Net Income	519M	78M	519M	78M	477M	566M	364M	-124M	304M	392M	283M	-291M	-379M	299M	260M	220M	258M	226M	101M	269M	337M	138M	189M	167M	179M	118M	65M	127M	115M	23M	115M	105M
Net Income Margin	22.9%	4.0%	22.8%	4.0%	21.9%	25.9%	20.9%	-8.0%	18.0%	24.6%	17.9%	-20.0%	-21.5%	14.2%	14.2%	13.5%	14.5%	12.8%	4.9%	11.2%	16.5%	6.2%	10.2%	8.7%	9.3%	8.0%	3.2%	9.0%	9.1%	1.9%	9.1%	8.7%
Depreciation & Amortization	457M	457M	457M	457M	410M	370M	335M	306M	276M	241M	224M	249M	336M	384M	327M	272M	227M	192M	173M	171M	171M	180M	193M	190M	195M	181M	175M	142M	130M	0M	112M	0M
EBITDA	1,270M	667M	1,270M	667M	1,165M	1,184M	975M	336M	787M	761M	818M	-167M	-275M	953M	845M	720M	668M	632M	401M	657M	567M	535M	477M	523M	598M	470M	374M	440M	387M	108M	349M	224M
EBITDA Margin	56.0%	34.3%	55.8%	34.3%	53.6%	54.2%	56.0%	21.7%	46.5%	47.8%	51.8%	-11.5%	-15.6%	45.1%	46.2%	44.2%	37.5%	35.9%	19.5%	27.4%	27.8%	23.9%	25.6%	27.4%	31.1%	32.1%	18.1%	31.1%	30.6%	8.7%	27.5%	18.5%
NOPAT	608M	186M	608M	186M	561M	675M	486M	24M	400M	530M	379M	-329M	-483M	349M	311M	266M	270M	271M	151M	299M	240M	224M	177M	207M	239M	179M	127M	185M	164M	62M	148M	137M
NOPAT Margin	26.8%	9.6%	26.7%	9.6%	25.8%	30.9%	27.9%	1.5%	23.6%	33.3%	24.0%	-22.7%	-27.4%	16.5%	17.0%	16.4%	15.2%	15.4%	7.4%	12.5%	11.8%	10.0%	9.5%	10.8%	12.4%	12.2%	6.2%	13.1%	13.0%	5.0%	11.7%	11.3%
Owner's Earnings	62M	-397M	62M	-397M	-123M	124M	-53M	-1,040M	-209M	48M	57M	-623M	-1,061M	-231M	-117M	-545M	-353M	-38M	-36M	42M	232M	24M	163M	184M	222M	66M	-52M	0M	-16M	-370M	12M	-67M
Owner's Earnings Margin	2.7%	-20.4%	2.7%	-20.4%	-5.7%	5.7%	-3.0%	-67.3%	-12.3%	3.0%	3.6%	-42.9%	-60.3%	-10.9%	-6.4%	-33.5%	-19.8%	-2.2%	-1.7%	1.7%	11.4%	1.1%	8.8%	9.6%	11.5%	4.5%	-2.5%	0.0%	-1.3%	-29.6%	1.0%	-5.5%
EPS (Basic)	5.74	0.84	5.73	0.84	5.20	6.19	3.99	-1.41	3.53	4.56	3.32	-3.43	-4.50	3.57	3.11	2.65	3.13	2.78	1.26	3.27	4.06	1.64	2.27	2.03	2.21	1.47	0.83	1.63	1.49	0.31	1.51	1.39
EPS (Diluted)	5.68	0.84	5.68	0.84	5.17	6.15	3.97	-1.41	3.51	4.53	3.30	-3.43	-4.50	3.52	3.08	2.63	3.09	2.73	1.25	3.18	3.96	1.61	2.24	2.01	2.21	1.46	0.82	1.61	1.47	0.30	1.49	1.38
Shares (Basic)	91M	92M	91M	92M	92M	91M	91M	88M	86M	86M	85M	85M	84M	84M	84M	83M	83M	81M	80M	82M	83M	84M	83M	82M	81M	80M	79M	78M	77M	77M	76M	75M
Shares (Diluted)	91M	92M	91M	92M	92M	92M	92M	88M	87M	86M	86M	85M	84M	85M	84M	84M	84M	83M	81M	84M	85M	86M	85M	83M	81M	81M	80M	79M	78M	77M	77M	76M

Product Segments

Metric	TTM	TTM-1	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30
All Other	—	—	—	—	—	—	—	—	149.71M	4.60M	2.17M	3.75M	2.35M	3.53M	3.91M	4.31M
Consolidated Entities	—	—	—	—	—	—	—	—	1,693.33M	—	—	—	—	—	—	—
Corporate And Intersegment Eliminations	-298.96M	-370.25M	—	-370.25M	-336.55M	-314.70M	-299.69M	-142.82M	-231.92M	0.66M	0.89M	0.90M	0.92M	0.97M	0.89M	0.96M
Energy Marketing	—	—	—	—	—	—	—	—	—	137.75M	128.59M	93.58M	159.86M	—	211.99M	186.58M
Exploration And Production	872.54M	961.08M	—	961.08M	1,046.47M	1,010.46M	920.67M	607.45M	632.74M	564.55M	614.60M	607.11M	693.44M	804.10M	702.94M	558.18M
Gathering	194.03M	244.23M	—	244.23M	230.32M	214.84M	193.26M	142.89M	127.08M	0.04M	0.12M	0.37M	0.50M	0.67M	1.32M	—
Intersegment Eliminations	—	—	151.83M	—	—	—	—	—	—	—	—	—	—	—	—	—
Pipeline And Storage	427.60M	412.39M	427.60M	412.39M	379.19M	377.04M	343.56M	309.60M	288.28M	210.35M	206.62M	215.67M	203.09M	200.66M	178.18M	172.31M
Total Reportable Segments	—	—	—	—	—	—	—	—	1,775.54M	1,587.41M	1,576.81M	1,447.76M	1,757.65M	2,108.58M	1,824.75M	1,621.59M
Utility	817.63M	697.36M	817.63M	697.36M	942.36M	898.22M	667.25M	652.30M	727.44M	674.73M	626.90M	531.02M	700.76M	831.16M	730.32M	704.52M

Geographic Segments

Metric	TTM	TTM-1	2025-09-30	2022-09-30	2021-09-30	2020-09-30
All Other	0.00M	0.03M	—	0.01M	1.22M	100.90M
NEW YORK	—	—	57.30M	—	—	—

Balance Sheet

Metric	MRQ	MRQ-1	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Cash & Cash Equivalents	43.17M	39.32M	43.17M	38.22M	55.45M	46.05M	31.53M	20.54M	20.43M	229.61M	555.53M	129.97M	113.60M	36.89M	64.86M	74.49M	80.43M	395.17M	408.05M	68.24M	186.77M	69.61M	57.61M	66.15M	51.42M	22.22M	36.23M	32.13M	29.22M	30.40M	14.00M	19.30M
Short-Term Investments	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	0.00M	-0.02M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	43.17M	39.32M	43.17M	38.22M	55.45M	46.05M	31.53M	20.54M	20.43M	229.61M	555.53M	129.97M	113.60M	36.89M	64.86M	74.49M	80.43M	395.17M	408.05M	68.24M	186.77M	69.61M	57.61M	66.15M	51.42M	22.22M	36.23M	32.13M	29.20M	30.40M	14.00M	19.30M
Net Receivables	197.02M	251.64M	197.02M	178.25M	222.14M	411.96M	238.58M	164.71M	209.68M	196.96M	144.96M	167.30M	125.75M	183.61M	157.06M	137.80M	164.77M	242.73M	163.35M	209.76M	224.69M	227.08M	155.06M	155.93M	157.10M	117.43M	157.10M	148.74M	116.50M	97.70M	127.80M	117.50M
Inventory	89.78M	66.74M	89.78M	82.73M	81.50M	172.34M	120.36M	85.22M	79.60M	77.84M	74.24M	70.64M	64.67M	67.24M	93.80M	78.37M	82.26M	73.57M	80.38M	118.61M	101.86M	96.15M	97.80M	104.03M	121.95M	108.83M	116.94M	80.94M	64.50M	56.30M	49.00M	56.20M
Other Current Assets	80.76M	27.66M	80.76M	38.26M	36.37M	113.03M	117.82M	16.61M	25.83M	14.97M	18.66M	21.06M	47.34M	63.04M	108.18M	42.14M	100.05M	151.58M	125.19M	102.87M	72.44M	119.77M	241.84M	43.13M	73.62M	57.59M	43.63M	61.97M	39.60M	26.10M	17.90M	28.00M
Total Current Assets	410.73M	385.35M	410.73M	337.46M	395.46M	743.37M	508.29M	287.08M	335.53M	519.38M	793.38M	388.97M	351.35M	350.78M	423.90M	332.81M	427.51M	863.05M	776.97M	499.48M	585.76M	512.62M	552.31M	369.24M	404.09M	306.07M	353.90M	323.78M	249.80M	210.50M	208.70M	221.00M
Property, Plant & Equipment	7,712.64M	7,456.01M	7,712.64M	7,339.21M	7,299.86M	6,566.48M	6,384.28M	6,017.92M	5,509.51M	4,977.14M	4,674.07M	4,454.48M	5,331.90M	5,743.09M	5,151.73M	4,739.80M	4,000.52M	3,450.23M	3,133.36M	3,154.10M	2,878.41M	2,877.73M	2,839.30M	3,006.76M	2,999.09M	2,844.75M	2,780.71M	2,683.39M	2,353.90M	2,248.10M	1,819.40M	1,709.60M
Goodwill	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	5.48M	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	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	1.68M	21.54M	26.17M	28.84M	31.50M	42.30M	45.99M	157.10M	117.43M	157.10M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	107.73M	73.76M	107.73M	81.71M	73.98M	95.03M	149.63M	240.13M	144.92M	132.55M	125.27M	110.66M	92.99M	86.79M	96.31M	86.77M	80.67M	92.67M	139.58M	96.92M	85.90M	111.31M	0.00M	0.00M	0.00M	0.00M	0.00M	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	256.00M	272.23M	0.00M	0.00M	0.00M	-45.30M	40.32M	72.76M	150.94M	144.38M	149.71M	138.44M	1.87M	8.55M	88.51M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	482.52M	502.76M	482.52M	537.47M	486.52M	468.15M	402.99M	387.22M	167.40M	376.73M	480.23M	652.73M	758.78M	486.59M	516.16M	596.57M	668.38M	630.49M	553.77M	346.17M	327.11M	164.48M	262.80M	254.77M	262.73M	242.24M	302.15M	229.23M	231.40M	225.90M	239.20M	219.20M
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	-26.59M	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	8,308.38M	8,038.01M	8,308.38M	7,963.85M	7,865.83M	7,135.13M	6,942.38M	6,906.73M	6,099.53M	5,491.90M	5,285.04M	5,223.36M	6,143.84M	6,362.27M	5,842.43M	5,579.57M	4,872.84M	4,330.25M	3,992.16M	3,630.71M	3,334.27M	3,279.00M	3,149.88M	3,313.00M	3,418.91M	3,204.41M	3,239.96M	2,912.62M	2,585.30M	2,474.00M	2,058.60M	1,928.80M
Total Assets	8,719.10M	8,423.35M	8,719.10M	8,301.31M	8,261.29M	7,878.51M	7,450.66M	7,193.81M	6,435.07M	6,011.27M	6,078.42M	5,612.33M	6,495.19M	6,713.04M	6,266.33M	5,912.37M	5,300.35M	5,193.30M	4,769.13M	4,130.19M	3,920.04M	3,791.62M	3,702.19M	3,682.24M	3,823.00M	3,510.48M	3,593.86M	3,236.40M	2,835.10M	2,684.50M	2,267.30M	2,149.80M
Accounts Payable	184.05M	123.13M	184.05M	165.07M	152.19M	178.95M	171.66M	144.91M	132.21M	160.03M	126.44M	108.06M	180.39M	136.67M	105.28M	87.99M	142.23M	127.79M	196.50M	145.27M	109.76M	133.03M	155.49M	115.98M	119.60M	100.89M	118.51M	88.85M	82.75M	59.90M	74.10M	64.60M
Short-Term Debt	450.20M	361.50M	450.20M	590.70M	287.50M	609.00M	158.50M	50.61M	55.20M	0.00M	300.00M	0.00M	0.00M	85.60M	0.00M	421.00M	190.00M	200.00M	0.00M	100.00M	200.02M	22.93M	9.39M	171.06M	359.93M	425.95M	599.11M	630.76M	463.10M	543.20M	195.80M	199.70M
Tax Payables	0.00M	15.34M	0.00M	0.00M	0.00M	0.00M	0.15M	0.16M	0.00M	0.00M	1.78M	0.00M	6.86M	5.80M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	17.19M	28.74M	17.19M	55.64M	49.77M	50.39M	36.52M	15.32M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	42.00M	36.96M	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 Liabilities	274.33M	190.35M	274.33M	120.30M	148.66M	978.27M	768.04M	234.11M	184.74M	237.37M	184.57M	160.78M	229.55M	238.34M	166.93M	67.17M	25.25M	66.12M	44.13M	50.30M	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 Liabilities	925.76M	719.06M	925.76M	931.71M	638.12M	1,816.60M	1,134.86M	445.11M	372.15M	397.40M	612.78M	268.84M	416.80M	466.41M	272.21M	618.15M	394.44M	393.90M	240.63M	295.57M	309.78M	155.96M	164.88M	287.04M	479.53M	526.84M	717.61M	719.62M	545.85M	603.10M	269.90M	264.30M
Long-Term Debt	2,382.86M	2,381.85M	2,382.86M	2,188.24M	2,384.49M	2,083.41M	2,628.69M	2,629.58M	2,133.72M	2,131.37M	2,083.68M	2,086.25M	2,084.01M	1,637.44M	1,649.00M	1,149.00M	899.00M	1,049.00M	1,249.00M	997.50M	796.60M	1,095.68M	1,119.01M	1,133.32M	1,147.78M	1,145.34M	1,046.69M	953.62M	822.74M	693.00M	581.60M	574.00M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	14.78M	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
Deferred Tax Liabilities	1,225.26M	1,153.43M	1,225.26M	1,111.17M	1,124.17M	698.23M	660.42M	952.05M	653.38M	512.69M	891.29M	823.80M	1,275.16M	1,456.28M	1,347.01M	1,065.76M	955.38M	804.05M	71.04M	639.06M	580.75M	550.60M	489.72M	0.00M	431.48M	365.12M	350.16M	336.95M	286.00M	269.60M	300.60M	293.90M
Other Non-Current Liabilities	1,090.61M	1,045.50M	1,090.61M	1,076.13M	1,001.92M	1,092.16M	1,153.38M	1,068.57M	1,114.12M	1,015.05M	778.58M	895.60M	734.19M	744.61M	725.44M	1,025.81M	778.50M	830.65M	1,396.91M	513.95M	439.20M	354.15M	447.45M	838.08M	-1,579.26M	-1,510.46M	-1,396.85M	-1,290.57M	-1,108.74M	-962.60M	-882.20M	-867.90M
Total Non-Current Liabilities	4,698.74M	4,580.78M	4,698.74M	4,375.54M	4,510.57M	3,873.80M	4,442.49M	4,664.97M	3,901.22M	3,659.10M	3,753.55M	3,805.65M	4,093.36M	3,838.34M	3,721.45M	3,240.57M	2,632.88M	2,683.70M	2,716.95M	2,150.52M	1,816.55M	2,000.42M	2,056.18M	1,971.40M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Liabilities	5,624.50M	5,299.83M	5,624.50M	5,307.24M	5,148.69M	5,690.40M	5,577.35M	5,110.08M	4,273.37M	4,056.50M	4,366.33M	4,074.48M	4,510.16M	4,304.75M	3,993.66M	3,858.72M	3,027.32M	3,077.60M	2,957.58M	2,446.09M	2,126.33M	2,156.38M	2,221.06M	2,258.44M	479.53M	526.84M	717.61M	719.62M	545.85M	603.10M	269.90M	264.30M
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	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	90.38M	90.36M	90.38M	91.01M	91.82M	91.48M	91.18M	90.96M	86.32M	85.96M	85.54M	85.12M	84.59M	84.16M	83.66M	83.33M	82.81M	82.08M	80.50M	79.12M	83.46M	83.40M	84.36M	82.99M	81.44M	80.27M	79.41M	78.66M	38.84M	38.50M	38.20M	37.90M
Retained Earnings	2,012.53M	1,953.53M	2,012.53M	1,727.33M	1,885.86M	1,587.09M	1,191.18M	991.63M	1,272.60M	1,098.90M	851.67M	676.36M	1,103.20M	1,614.36M	1,442.62M	1,306.28M	1,206.02M	1,063.26M	948.29M	953.80M	983.78M	786.01M	813.02M	718.93M	642.69M	549.40M	513.49M	525.85M	472.52M	428.10M	472.60M	422.90M
Accumulated OCI	-59.22M	-115.81M	-59.22M	-15.48M	-55.06M	-625.73M	-513.60M	-114.76M	-52.16M	-67.75M	-30.12M	-5.64M	93.37M	-3.98M	-19.23M	-99.02M	-47.70M	-44.99M	-42.40M	2.96M	-6.20M	30.42M	-197.63M	-54.78M	-65.54M	-69.64M	-20.86M	-29.96M	-4.01M	7.30M	-2.10M	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	0.00M	0.00M	37.05M	33.28M	28.79M	22.32M	23.03M	27.60M	25.50M	0.00M	0.00M
Total Shareholders’ Equity	2,043.69M	1,928.08M	2,043.69M	1,802.86M	1,922.62M	1,052.83M	768.76M	967.83M	1,306.76M	1,117.11M	907.09M	755.84M	1,281.17M	1,694.54M	1,507.05M	1,290.59M	1,241.14M	1,100.35M	986.40M	1,035.88M	1,061.03M	899.83M	699.75M	747.14M	658.59M	560.03M	572.04M	574.55M	507.34M	473.90M	508.70M	460.80M
Total Equity	2,043.69M	1,928.08M	2,043.69M	1,802.86M	1,922.62M	1,052.83M	768.76M	967.83M	1,306.76M	1,117.11M	907.09M	755.84M	1,281.17M	1,694.54M	1,507.05M	1,290.59M	1,241.14M	1,100.35M	986.40M	1,035.88M	1,061.03M	899.83M	699.75M	784.19M	691.87M	588.81M	594.36M	597.58M	534.94M	499.40M	508.70M	460.80M
Total Liabilities & Equity	7,668.19M	7,227.91M	7,668.19M	7,110.10M	7,071.31M	6,743.23M	6,346.11M	6,077.91M	5,580.13M	5,173.60M	5,273.42M	4,830.32M	5,791.32M	5,999.29M	5,500.70M	5,149.31M	4,268.46M	4,177.95M	3,943.98M	3,481.97M	3,187.36M	3,056.22M	2,920.81M	3,042.63M	1,171.40M	1,115.65M	1,311.97M	1,317.20M	1,080.79M	1,102.50M	778.60M	725.10M
Tangible Assets	8,713.63M	8,417.87M	8,713.63M	8,295.83M	8,255.82M	7,873.03M	7,445.19M	7,188.33M	6,429.59M	6,005.80M	6,072.94M	5,606.85M	6,489.71M	6,707.57M	6,260.85M	5,906.90M	5,294.87M	5,186.14M	4,742.12M	4,098.54M	3,885.73M	3,754.64M	3,654.41M	3,630.77M	3,665.90M	3,393.05M	3,436.76M	3,236.40M	2,835.10M	2,684.50M	2,267.30M	2,149.80M
Tangible Equity	2,038.21M	1,922.61M	2,038.21M	1,797.38M	1,917.14M	1,047.35M	763.28M	962.35M	1,301.29M	1,111.63M	901.61M	750.36M	1,275.69M	1,689.06M	1,501.57M	1,285.12M	1,235.66M	1,093.20M	959.39M	1,004.23M	1,026.72M	862.86M	651.97M	732.72M	534.77M	471.38M	437.26M	597.58M	534.94M	499.40M	508.70M	460.80M
Tangible Book Value	2,038.21M	1,922.61M	2,038.21M	1,797.38M	1,917.14M	1,047.35M	763.28M	962.35M	1,301.29M	1,111.63M	901.61M	750.36M	1,275.69M	1,689.06M	1,501.57M	1,285.12M	1,235.66M	1,093.20M	959.39M	1,004.23M	1,026.72M	862.86M	651.97M	732.72M	534.77M	471.38M	437.26M	597.58M	534.94M	499.40M	508.70M	460.80M
Total Investments	107.73M	73.76M	107.73M	81.71M	73.98M	95.03M	149.63M	240.13M	144.92M	132.55M	125.27M	110.66M	92.99M	86.79M	96.31M	86.77M	80.67M	92.67M	139.58M	96.92M	85.90M	111.31M	0.00M	-387.82M	0.00M	0.00M	0.00M	0.00M	-0.02M	0.00M	0.00M	0.00M
Net Debt	2,789.90M	2,704.04M	2,789.90M	2,740.72M	2,616.54M	2,646.36M	2,755.66M	2,659.64M	2,168.49M	1,901.76M	1,828.15M	1,956.28M	1,970.41M	1,686.16M	1,584.14M	1,495.51M	1,008.57M	853.83M	840.95M	1,029.26M	809.85M	1,048.99M	1,070.80M	1,238.22M	1,456.29M	1,549.08M	1,609.58M	1,552.26M	1,256.62M	1,205.80M	763.40M	754.40M

Capital Metrics

Metric	MRQ	MRQ-1	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Working Capital	-515.0M	-481.7M	-515.0M	-740.0M	-391.9M	-1,181.4M	-713.7M	-145.4M	-59.3M	104.5M	172.2M	109.3M	-70.3M	-113.2M	146.5M	-378.9M	-116.7M	251.1M	458.5M	124.9M	114.8M	165.0M	112.8M	-50.9M	-139.3M	-373.5M	-509.6M	-484.3M	-381.8M	-478.9M	-155.5M	-130.4M
Total Capital	5,927.7M	5,718.8M	5,927.7M	5,627.3M	5,635.4M	4,772.3M	4,573.4M	4,666.9M	4,327.9M	4,068.7M	4,087.4M	3,613.3M	4,109.4M	4,133.7M	3,843.7M	3,530.1M	2,980.9M	2,995.0M	2,840.4M	2,702.6M	2,629.1M	2,562.2M	2,358.0M	2,558.1M	2,645.1M	2,578.1M	2,648.5M	2,571.8M	2,225.1M	2,126.3M	1,691.1M	1,629.7M
Capital Employed	7,793.3M	7,556.3M	7,793.3M	7,223.9M	7,473.9M	5,953.7M	6,228.7M	6,761.4M	6,040.2M	5,596.4M	5,457.3M	5,332.7M	6,118.8M	6,249.0M	5,916.2M	5,200.7M	4,756.1M	4,581.3M	4,450.6M	3,755.6M	3,449.1M	3,444.0M	3,262.7M	3,262.1M	3,177.6M	2,721.8M	2,582.1M	2,428.3M	2,203.5M	1,995.1M	1,903.1M	1,798.4M
Invested Capital	5,884.5M	5,679.5M	5,884.5M	5,589.1M	5,579.9M	4,726.3M	4,541.9M	4,646.4M	4,307.5M	3,839.1M	3,531.9M	3,483.3M	3,995.9M	4,096.8M	3,778.9M	3,455.6M	2,900.5M	2,599.8M	2,432.3M	2,634.4M	2,442.4M	2,492.6M	2,300.4M	2,491.9M	2,593.7M	2,555.9M	2,612.2M	2,539.7M	2,195.9M	2,095.9M	1,677.1M	1,610.4M

Cash Flow Statement

Metric	TTM	TTM-1	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Net Income	518.50M	77.51M	518.50M	77.51M	476.87M	566.02M	363.65M	-123.77M	304.29M	391.52M	283.48M	-290.96M	-379.43M	299.41M	260.00M	220.08M	258.40M	219.13M	100.71M	268.73M	337.46M	138.09M	189.49M	166.59M	178.94M	117.68M	65.50M	127.21M	115.00M	32.30M	114.70M	104.70M
Depreciation & Amortization	456.59M	341.24M	456.59M	457.03M	409.57M	369.79M	335.30M	755.60M	275.66M	240.96M	224.20M	249.42M	336.16M	383.78M	326.76M	271.53M	226.53M	178.70M	173.41M	170.62M	170.80M	179.62M	193.14M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Income Tax	121.27M	-2.61M	121.27M	-2.61M	151.40M	104.42M	105.99M	54.31M	122.27M	-18.15M	117.98M	-246.79M	-357.59M	142.42M	167.89M	144.15M	164.25M	134.68M	-2.52M	72.50M	52.85M	-5.23M	40.39M	40.33M	78.37M	62.01M	-55.85M	41.86M	14.00M	-26.20M	3.80M	3.90M
Stock-Based Compensation	9.94M	22.08M	0.00M	22.08M	20.63M	19.51M	17.07M	14.93M	21.19M	15.76M	12.26M	5.76M	3.21M	11.76M	12.45M	-0.99M	1.22M	0.01M	-5.93M	-16.28M	-13.69M	-6.52M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-185.22M	-31.59M	-185.22M	-31.59M	158.96M	-247.93M	-82.15M	33.21M	-37.53M	-30.92M	30.12M	-97.14M	123.19M	62.60M	-42.81M	32.96M	62.11M	-78.39M	142.17M	-19.63M	-6.38M	54.80M	-91.11M	32.34M	-79.83M	-40.91M	40.90M	-78.91M	4.50M	3.10M	56.60M	-42.70M
Accounts Receivable	-54.52M	34.37M	-54.52M	34.37M	213.58M	-168.77M	-61.41M	0.00M	6.38M	0.00M	0.00M	0.00M	51.64M	12.41M	0.00M	13.86M	3.89M	10.26M	161.35M	0.00M	0.00M	18.01M	0.00M	4.84M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-7.15M	8.43M	-7.15M	1.74M	0.00M	3.11M	-2.01M	0.00M	0.00M	0.00M	0.00M	0.00M	3.44M	13.29M	0.00M	5.41M	0.00M	6.55M	81.31M	0.00M	0.00M	1.68M	1.93M	13.66M	-12.42M	8.72M	-37.05M	-13.71M	-7.80M	-1.30M	7.30M	-6.30M
Accounts Payable	-28.97M	-10.68M	12.79M	-10.68M	21.51M	12.31M	20.59M	2.11M	-24.77M	21.36M	-2.35M	-77.91M	57.72M	36.07M	1.17M	-10.55M	37.03M	-59.62M	41.88M	25.11M	-26.00M	-0.37M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	-94.59M	-63.71M	-136.34M	-57.01M	-76.13M	-94.57M	-39.31M	31.10M	-19.14M	-52.28M	32.46M	-19.24M	10.39M	0.84M	-43.98M	24.25M	21.19M	-35.57M	-142.37M	-44.74M	19.62M	35.48M	-93.04M	13.83M	-67.41M	-49.63M	77.96M	-65.21M	12.30M	4.40M	49.30M	-36.40M
Other Non-Cash Items	178.94M	659.33M	188.88M	543.54M	19.65M	0.71M	51.70M	6.53M	8.61M	16.13M	16.48M	968.70M	1,128.04M	9.42M	14.29M	-6.94M	-33.84M	5.55M	201.59M	6.84M	-146.84M	110.64M	-14.57M	197.90M	149.35M	206.77M	363.59M	148.09M	138.40M	243.80M	119.60M	102.60M
Net Cash from Operating Activities	1,100.03M	1,065.96M	1,100.03M	1,065.96M	1,237.08M	812.52M	791.55M	740.81M	694.48M	615.30M	684.51M	588.98M	853.58M	909.39M	738.57M	660.79M	678.68M	459.70M	609.43M	482.78M	394.20M	471.40M	317.35M	437.15M	326.84M	345.55M	414.14M	238.25M	271.90M	253.00M	294.70M	168.50M
Capital Expenditures (PPE)	-912.82M	-931.24M	-912.82M	-931.24M	-1,009.87M	-811.83M	-751.73M	-1,222.41M	-788.94M	-584.00M	-450.34M	-581.58M	-1,018.18M	-914.42M	-703.46M	-1,036.78M	-837.61M	-455.76M	-309.93M	-397.73M	-276.73M	-294.16M	-219.53M	-172.34M	-152.25M	-232.37M	-292.71M	-269.37M	-260.50M	-393.20M	-214.00M	-171.60M
Acquisitions (Net)	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	59.37M	53.77M	-31.29M	0.00M	232.09M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	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	-1.32M	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
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	10.00M	30.00M	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
Other Investing Activities	21.12M	-2.67M	21.12M	-2.67M	-112.48M	263.12M	118.52M	-1.21M	-10.24M	55.12M	27.77M	128.08M	-6.61M	5.98M	-2.52M	0.45M	59.20M	-0.25M	-4.81M	68.74M	-57.14M	-3.22M	116.21M	9.14M	47.42M	26.54M	-95.34M	-114.97M	-2.70M	-109.90M	-19.60M	-1.30M
Net Cash from Investing Activities	-891.70M	-933.91M	-891.70M	-933.91M	-1,112.35M	-518.70M	-633.22M	-1,223.62M	-799.18M	-528.89M	-422.57M	-453.50M	-1,024.79M	-908.44M	-705.98M	-1,036.34M	-719.04M	-402.25M	-347.34M	-328.99M	-101.77M	-297.38M	-103.32M	-163.21M	-104.83M	-205.82M	-388.04M	-384.34M	-263.20M	-503.10M	-233.60M	-172.90M
Net Debt Issuance	44.14M	102.56M	44.14M	102.56M	-24.19M	-98.50M	108.05M	467.81M	55.20M	-271.49M	295.15M	0.00M	359.04M	85.60M	74.42M	477.09M	-160.00M	0.00M	147.78M	96.63M	-119.58M	-9.81M	-128.68M	-204.49M	-126.94M	-85.21M	43.77M	208.39M	51.60M	324.20M	-9.10M	63.30M
Long-Term Debt Issuance	-15.36M	299.36M	-15.36M	299.36M	-251.69M	0.00M	-20.45M	493.01M	0.00M	-271.49M	295.15M	0.00M	444.64M	0.00M	245.42M	346.09M	-200.00M	0.00M	147.78M	96.63M	-119.58M	-9.81M	-13.32M	-243.09M	-126.94M	-85.21M	43.77M	208.39M	51.60M	324.20M	-9.10M	63.30M
Short-Term Debt Issuance	59.50M	-196.80M	59.50M	-196.80M	227.50M	-98.50M	128.50M	-25.20M	55.20M	0.00M	0.00M	0.00M	-85.60M	85.60M	-171.00M	131.00M	40.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-115.36M	38.60M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-59.09M	-68.04M	-59.09M	-68.04M	-6.71M	-9.59M	-3.70M	161.60M	-8.88M	4.11M	7.78M	13.85M	10.54M	7.47M	5.40M	10.35M	-0.59M	26.06M	28.18M	-219.57M	-30.57M	23.34M	20.28M	23.76M	17.02M	-70.06M	11.55M	14.28M	10.70M	7.90M	7.10M	9.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	4.11M	7.78M	13.85M	10.54M	7.47M	0.00M	0.00M	0.00M	26.06M	28.18M	17.43M	17.50M	23.34M	20.28M	23.76M	17.02M	10.92M	11.55M	14.28M	10.70M	7.90M	7.10M	9.00M
Common Stock Repurchased	-59.09M	-68.04M	-59.09M	-68.04M	-6.71M	-9.59M	-3.70M	161.60M	-8.88M	0.00M	0.00M	0.00M	0.00M	0.00M	5.40M	10.35M	-0.59M	0.00M	0.00M	-237.01M	-48.07M	0.00M	0.00M	0.00M	0.00M	-80.97M	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	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-188.44M	-183.80M	-188.44M	-183.80M	-176.10M	-168.15M	-163.09M	-153.32M	-147.42M	-143.26M	-139.06M	-134.82M	-130.72M	-126.64M	-122.71M	-118.80M	-114.56M	-109.60M	-104.16M	-103.68M	-100.63M	-98.27M	-94.16M	-89.09M	-84.53M	0.00M	-76.67M	-73.05M	-70.10M	-67.20M	-64.30M	-61.20M
Common Dividends Paid	-188.44M	-183.80M	-188.44M	-183.80M	-176.10M	-168.15M	-163.09M	-153.32M	-147.42M	-143.26M	-139.06M	-134.82M	-130.72M	-126.64M	-122.71M	-118.80M	-114.56M	-109.60M	-104.16M	-103.68M	-100.63M	-98.27M	-94.16M	-89.09M	-84.53M	0.00M	-76.67M	-73.05M	-70.10M	-67.20M	-64.30M	-61.20M
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	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.87M	9.06M	4.64M	0.68M	0.99M	-1.22M	13.21M	5.93M	16.28M	13.69M	-78.65M	-12.68M	0.00M	0.00M	0.00M	0.00M	-0.15M	0.00M	0.00M	0.00M	-0.10M
Net Cash from Financing Activities	-203.38M	-149.28M	-203.38M	-149.28M	-207.00M	-276.24M	-58.74M	476.09M	-101.10M	-410.64M	163.87M	-119.11M	247.92M	-28.93M	-42.23M	369.62M	-276.38M	-70.33M	77.73M	-210.35M	-237.09M	-163.39M	-215.23M	-269.81M	-194.45M	-155.27M	-21.35M	149.47M	-7.80M	264.90M	-66.30M	11.00M
Effect of FX on Cash	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	-0.14M	1.37M	1.28M	3.45M	1.64M	1.54M	-0.65M	-0.47M	-2.10M	1.60M	-0.10M	0.00M
Net Change in Cash	4.94M	-17.23M	4.94M	-17.23M	-82.27M	17.58M	99.60M	-6.72M	-205.79M	-324.22M	427.30M	16.38M	76.71M	-27.97M	-9.64M	-5.93M	-316.74M	-12.88M	339.81M	-56.57M	55.20M	12.00M	0.07M	14.73M	29.21M	-14.01M	4.10M	2.90M	-1.20M	16.40M	-5.30M	6.60M
Cash at Beginning of Period	217.54M	229.32M	38.22M	55.45M	137.72M	120.14M	20.54M	27.26M	233.05M	557.27M	129.97M	113.60M	36.89M	64.86M	74.49M	80.43M	397.17M	408.05M	68.24M	124.81M	69.61M	57.61M	57.54M	51.42M	22.22M	36.23M	32.13M	29.22M	30.40M	14.00M	19.30M	12.70M
Cash at End of Period	222.48M	212.09M	43.17M	38.22M	55.45M	137.72M	120.14M	20.54M	27.26M	233.05M	557.27M	129.97M	113.60M	36.89M	64.86M	74.49M	80.43M	395.17M	408.05M	68.24M	124.81M	69.61M	57.61M	57.54M	51.42M	22.22M	36.23M	32.13M	29.20M	30.40M	14.00M	19.30M
Operating Cash Flow	1,100.03M	1,065.96M	1,100.03M	1,065.96M	1,237.08M	812.52M	791.55M	740.81M	694.48M	615.30M	684.51M	588.98M	853.58M	909.39M	738.57M	660.79M	677.29M	459.70M	609.43M	482.78M	394.20M	471.40M	317.35M	437.15M	326.84M	345.55M	414.14M	238.25M	271.90M	253.00M	294.70M	168.50M
Capital Expenditure	-912.82M	-931.24M	-912.82M	-931.24M	-1,009.87M	-811.83M	-751.73M	-1,222.41M	-788.94M	-584.00M	-450.34M	-581.58M	-1,018.18M	-914.42M	-703.46M	-1,036.78M	-837.61M	-455.76M	-309.93M	-397.73M	-276.73M	-294.16M	-219.53M	-172.34M	-152.25M	-232.37M	-292.71M	-269.37M	-260.50M	-393.20M	-214.00M	-171.60M
Free Cash Flow	187.21M	134.73M	187.21M	134.73M	227.21M	0.70M	39.82M	-481.60M	-94.46M	31.30M	234.17M	7.40M	-164.60M	-5.03M	35.11M	-376.00M	-160.33M	3.93M	299.50M	85.04M	117.47M	177.24M	97.82M	264.81M	174.59M	113.18M	121.44M	-31.13M	11.40M	-140.20M	80.70M	-3.10M

Free Cash Flow

Metric	TTM	TTM-1	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
EBITDA	1,625.78M	1,274.73M	1,962.83M	1,274.73M	1,257.42M	1,272.75M	1,095.03M	873.85M	876.36M	845.08M	902.97M	862.92M	940.93M	1,044.17M	927.03M	809.87M	749.59M	1,293.88M	1,227.74M	1,335.83M	1,192.29M	1,151.73M	1,094.09M	1,148.05M	1,153.23M	1,131.67M	1,177.32M	1,011.31M	931.27M	768.70M	847.40M	730.40M
(-) Tax Adjustment	411.21M	142.32M	496.46M	142.32M	322.56M	217.45M	262.54M	0.00M	191.74M	0.00M	316.04M	302.02M	329.32M	365.46M	324.46M	283.45M	262.36M	452.86M	413.38M	467.54M	417.30M	403.10M	382.93M	401.82M	403.63M	396.09M	412.06M	353.96M	325.95M	269.05M	296.59M	255.64M
(-) Change In Working Capital	-185.22M	-31.59M	-185.22M	-31.59M	158.96M	-247.93M	-82.15M	33.21M	-37.53M	-30.92M	30.12M	-97.14M	123.19M	62.60M	-42.81M	32.96M	62.11M	-78.39M	142.17M	-19.63M	-6.38M	54.80M	-91.11M	32.34M	-79.83M	-40.91M	40.90M	-78.91M	4.50M	3.10M	56.60M	-42.70M
(-) Capital Expenditure	-912.82M	-931.24M	-912.82M	-931.24M	-1,009.87M	-811.83M	-751.73M	-1,222.41M	-788.94M	-584.00M	-450.34M	-581.58M	-1,018.18M	-914.42M	-703.46M	-1,036.78M	-837.61M	-455.76M	-309.93M	-397.73M	-276.73M	-294.16M	-219.53M	-172.34M	-152.25M	-232.37M	-292.71M	-269.37M	-260.50M	-393.20M	-214.00M	-171.60M
Unlevered Free Cash Flow	486.96M	232.76M	738.77M	232.76M	-233.96M	491.40M	162.91M	-381.77M	-66.79M	291.99M	106.48M	76.46M	-529.76M	-298.31M	-58.08M	-543.33M	-412.49M	463.64M	362.26M	490.18M	504.64M	399.66M	582.74M	541.56M	677.18M	544.13M	431.65M	466.89M	340.33M	103.36M	280.21M	345.86M
(-) Net Interest Income After Taxes	-116.42M	-123.21M	-116.42M	-123.21M	-98.05M	-108.09M	-111.27M	-117.08M	-83.40M	-114.52M	-77.89M	-75.93M	-62.11M	-58.57M	-58.35M	-53.66M	-48.88M	-58.64M	-53.74M	-41.05M	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 Debt Issuance	44.14M	102.56M	44.14M	102.56M	-24.19M	-98.50M	108.05M	467.81M	55.20M	-271.49M	295.15M	0.00M	359.04M	85.60M	74.42M	477.09M	-160.00M	0.00M	147.78M	96.63M	-119.58M	-9.81M	-128.68M	-204.49M	-126.94M	-85.21M	43.77M	208.39M	51.60M	324.20M	-9.10M	63.30M
Levered Free Cash Flow	647.53M	458.53M	899.33M	458.53M	-160.10M	500.99M	382.22M	203.11M	71.80M	135.02M	479.52M	152.39M	-108.62M	-154.14M	74.69M	-12.59M	-523.60M	522.28M	563.78M	627.87M	385.06M	389.86M	454.06M	337.07M	550.24M	458.92M	475.42M	675.28M	391.93M	427.56M	271.11M	409.16M