Atlantic American Corporation (AAME)

Industry: Insurance - Life Sector: Financial Services Currency Used: US Live Price: $2.90

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	2.87	2.13	2.23	1.94	2.19	2.75	3.65	1.96	2.44	2.75	3.60	3.94	4.17	3.88	3.83	2.88	2.02	1.63	0.95	1.26	3.02	2.80	2.92	2.99	2.39	2.00	1.80	2.39	3.34	4.86	3.83	3.21
Market Capitalization	58.54M	43.45M	45.55M	39.11M	44.68M	55.99M	74.45M	40.02M	49.35M	55.96M	74.18M	82.54M	85.64M	84.80M	85.18M	64.65M	44.50M	36.20M	21.13M	27.45M	66.44M	57.98M	68.30M	63.38M	48.12M	39.07M	38.30M	50.32M	66.27M	98.03M	82.53M	66.69M
(-) Cash & Equivalents	34.44M	46.42M	38.92M	25.25M	22.50M	20.57M	17.26M	13.24M	17.24M	9.65M	76.21M	73.51M	80.32M	140.88M	34.06M	19.50M	21.77M	39.45M	25.63M	49.51M	23.25M	15.08M	36.88M	32.32M	35.24M	41.79M	43.88M	24.76M	27.70M	39.53M	43.84M	30.72M
(+) Total Debt	0.00M	37.76M	25.17M	37.76M	37.45M	34.74M	33.74M	33.74M	33.74M	33.74M	33.74M	33.74M	33.74M	37.49M	41.24M	41.24M	41.24M	41.24M	41.24M	41.24M	53.99M	54.11M	52.55M	54.74M	43.93M	45.38M	44.88M	49.13M	38.50M	26.65M	32.35M	39.63M
Enterprise Value	24.10M	34.78M	31.80M	51.62M	59.63M	70.17M	90.92M	60.52M	65.84M	80.05M	31.71M	42.77M	39.06M	-18.59M	92.36M	86.39M	63.98M	37.99M	36.74M	19.17M	97.18M	97.01M	83.98M	85.80M	56.82M	42.66M	39.30M	74.68M	77.07M	85.16M	71.05M	75.59M

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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Revenue	208M	186M	188M	187M	188M	200M	195M	198M	186M	181M	166M	166M	166M	165M	140M	118M	107M	103M	100M	123M	125M	122M	126M	111M	170M	163M	152M	124M	106M	101M	99M	52M
Cost of Revenue	134M	163M	174M	169M	170M	179M	167M	185M	172M	161M	148M	145M	147M	141M	155M	133M	95M	89M	88M	91M	102M	109M	127M	112M	153M	144M	134M	108M	88M	84M	81M	40M
Gross Profit	74M	23M	14M	18M	18M	20M	29M	13M	14M	20M	18M	21M	19M	24M	-15M	-14M	12M	14M	12M	32M	23M	13M	-1M	0M	17M	19M	18M	16M	18M	17M	18M	12M
Gross Profit Margin	35.8%	12.5%	7.6%	9.7%	9.4%	10.2%	14.7%	6.8%	7.5%	11.1%	10.9%	12.9%	11.5%	14.8%	-10.7%	-12.1%	11.2%	13.2%	12.1%	25.7%	18.7%	10.3%	-0.7%	-0.3%	10.2%	11.7%	11.8%	13.2%	17.0%	17.0%	18.0%	22.7%
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	15M	31M	20M	19M	16M	15M	13M	14M	15M	15M	15M	16M	14M	13M	-20M	-18M	11M	12M	13M	13M	14M	13M	-9M	-6M	14M	15M	13M	13M	9M	-58M	10M	9M
Operating Income (EBIT)	60M	-8M	-5M	-1M	2M	5M	16M	0M	-1M	5M	4M	6M	5M	11M	5M	3M	1M	1M	-1M	19M	10M	-1M	8M	6M	3M	4M	5M	4M	9M	75M	8M	3M
Operating Income Margin	28.6%	-4.3%	-2.8%	-0.3%	1.1%	2.7%	7.9%	-0.2%	-0.5%	3.0%	2.1%	3.4%	2.9%	6.8%	3.6%	2.8%	0.6%	1.3%	-1.0%	15.5%	7.7%	-0.5%	6.1%	5.4%	1.8%	2.6%	3.1%	3.2%	8.2%	74.4%	7.9%	6.0%
Interest Income	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
Interest Expense	3M	3M	3M	3M	2M	1M	2M	2M	2M	2M	2M	1M	2M	2M	3M	3M	3M	3M	3M	4M	5M	4M	3M	3M	3M	3M	4M	3M	2M	3M	3M	2M
Net Interest Income	-3M	-3M	-3M	-3M	-2M	-1M	-2M	-2M	-2M	-2M	-2M	-1M	-2M	-2M	-3M	-3M	-3M	-3M	-3M	-4M	-5M	-4M	-3M	-3M	-3M	-3M	-4M	-3M	-2M	-3M	-3M	-2M
Unusual Items	-50M	3M	3M	3M	2M	1M	2M	2M	2M	2M	2M	1M	2M	2M	3M	3M	3M	3M	3M	4M	5M	4M	3M	3M	3M	3M	4M	3M	2M	-64M	3M	2M
EBT Excluding Unusual Items	56M	-12M	-9M	-4M	0M	4M	14M	-3M	-3M	4M	2M	4M	3M	9M	2M	1M	-2M	-1M	-4M	15M	5M	-4M	5M	3M	1M	1M	0M	1M	7M	72M	5M	1M
Pre-Tax Income	7M	-9M	-5M	-1M	2M	5M	16M	0M	-1M	5M	4M	6M	5M	11M	5M	3M	1M	1M	-1M	19M	10M	-1M	8M	6M	3M	4M	5M	4M	9M	8M	8M	3M
Pre-Tax Margin	3.2%	-4.8%	-2.8%	-0.3%	1.1%	2.7%	7.9%	-0.2%	-0.5%	3.0%	2.1%	3.4%	2.9%	6.8%	3.6%	2.8%	0.6%	1.3%	-1.0%	15.5%	7.7%	-0.5%	6.1%	5.4%	1.8%	2.6%	3.1%	3.2%	8.2%	8.0%	7.9%	6.0%
Income Tax Expense	1M	-2M	-1M	0M	1M	1M	3M	0M	0M	1M	1M	1M	0M	0M	1M	0M	0M	3M	-1M	8M	2M	-2M	0M	0M	0M	1M	1M	-7M	0M	0M	0M	0M
Net Income	5M	-7M	-4M	0M	2M	4M	12M	0M	-1M	5M	3M	4M	4M	11M	4M	3M	1M	-1M	-4M	7M	9M	-3M	5M	7M	-12M	4M	4M	11M	9M	8M	3M	-7M
Net Income Margin	2.5%	-3.7%	-2.3%	-0.1%	0.8%	2.1%	6.2%	-0.2%	-0.4%	2.5%	1.6%	2.6%	2.7%	6.7%	3.2%	2.8%	0.9%	-1.2%	-3.9%	5.9%	7.1%	-2.6%	4.0%	6.1%	-7.2%	2.2%	2.4%	8.8%	8.1%	7.9%	3.2%	-13.5%
Depreciation & Amortization	0M	0M	0M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	0M	0M	10M	0M	10M	11M	1M	1M	1M	1M	18M	2M	2M	1M	1M	11M	1M	1M
EBITDA	60M	-8M	-5M	0M	3M	6M	16M	1M	0M	7M	5M	7M	6M	12M	6M	4M	11M	2M	9M	30M	10M	0M	9M	7M	21M	6M	7M	5M	10M	86M	9M	4M
EBITDA Margin	28.8%	-4.1%	-2.6%	0.0%	1.6%	3.2%	8.4%	0.3%	0.0%	3.8%	2.8%	4.1%	3.5%	7.1%	4.0%	3.1%	10.1%	1.6%	9.3%	24.7%	8.4%	0.3%	7.2%	6.4%	12.2%	3.6%	4.3%	4.3%	9.5%	85.1%	9.0%	7.0%
NOPAT	46M	-6M	-4M	0M	2M	4M	12M	0M	-1M	5M	3M	4M	4M	11M	4M	3M	1M	-1M	-1M	12M	7M	0M	8M	6M	4M	4M	4M	11M	9M	74M	8M	3M
NOPAT Margin	22.3%	-3.4%	-2.2%	-0.2%	0.8%	2.1%	6.2%	-0.2%	-0.4%	2.5%	1.6%	2.6%	2.7%	6.7%	3.2%	2.8%	0.9%	-1.2%	-0.8%	9.4%	5.7%	-0.4%	6.2%	5.8%	2.1%	2.2%	2.4%	8.8%	8.1%	73.5%	7.7%	6.0%
Owner's Earnings	5M	-7M	-4M	0M	2M	5M	13M	1M	0M	6M	3M	5M	1M	10M	5M	4M	11M	-1M	6M	18M	10M	-3M	6M	8M	5M	4M	5M	12M	10M	18M	3M	-8M
Owner's Earnings Margin	2.3%	-3.6%	-2.2%	0.2%	1.2%	2.6%	6.6%	0.3%	0.0%	3.2%	2.1%	3.1%	0.7%	6.2%	3.4%	3.1%	10.4%	-1.0%	6.2%	14.7%	7.6%	-2.4%	4.6%	6.8%	2.9%	2.7%	3.1%	9.3%	9.0%	17.9%	2.7%	-14.6%
EPS (Basic)	0.24	-0.35	-0.23	-0.03	0.06	0.19	0.58	-0.02	-0.03	0.20	0.11	0.19	0.19	0.50	0.19	0.13	0.02	-0.05	-0.18	0.26	0.36	-0.15	0.18	0.26	-0.57	0.10	0.12	0.48	0.37	0.35	0.09	-0.37
EPS (Diluted)	0.24	-0.34	-0.21	-0.01	0.07	0.21	0.56	-0.02	-0.03	0.20	0.11	0.19	0.19	0.48	0.21	0.15	0.04	-0.05	-0.18	0.33	0.39	-0.15	0.23	0.25	-0.56	0.17	0.18	0.52	0.45	0.43	0.17	-0.37
Shares (Basic)	20M	20M	20M	20M	20M	20M	20M	20M	20M	23M	24M	23M	23M	22M	21M	22M	22M	22M	22M	22M	21M	21M	21M	26M	21M	22M	20M	20M	19M	19M	19M	19M
Shares (Diluted)	21M	20M	20M	20M	20M	20M	22M	20M	20M	23M	24M	23M	23M	23M	21M	22M	22M	22M	22M	22M	23M	21M	22M	27M	22M	22M	20M	21M	19M	19M	19M	19M

Product Segments

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
Bankers Fidelity	113.37M	120.35M	111.04M	110.38M	115.16M	116.23M	121.17M	123.25M	119.12M	109.67M	99.70M	96.38M	100.83M	99.78M	89.27M
Corporate and Other	—	—	—	—	—	—	—	—	—	—	—	—	—	9.39M	8.29M
Corporate, Non-Segment	—	—	—	—	—	—	—	0.00M	0.00M	—	—	—	—	—	—
Intersegment Elimination	—	—	—	—	—	—	—	—	—	—	—	—	—	-8.03M	-7.44M

Geographic Segments

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
American Southern	68.25M	59.11M	67.69M	68.44M	70.28M	67.98M	62.37M	58.68M	53.81M	53.66M	53.76M	54.51M	52.65M	45.85M	37.47M

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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cash & Cash Equivalents	34.44M	46.42M	35.57M	28.30M	28.86M	24.75M	19.32M	12.89M	12.63M	272.06M	257.43M	254.01M	256.66M	33.10M	18.95M	21.29M	28.33M	20.13M	37.32M	36.90M	27.30M	41.80M	41.00M	34.20M	41.60M	68.80M	31.90M	34.30M	32.40M	51.04M	45.50M	15.07M
Short-Term Investments	0.00M	37.87M	0.00M	37.34M	208.73M	260.99M	254.11M	232.47M	210.39M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	34.44M	84.29M	35.57M	65.64M	237.59M	285.74M	273.43M	245.37M	223.02M	272.06M	257.43M	254.01M	256.66M	33.10M	18.95M	21.29M	28.33M	20.13M	37.32M	36.90M	27.30M	41.80M	41.00M	34.20M	41.60M	68.80M	31.90M	34.30M	32.40M	51.04M	45.50M	15.07M
Net Receivables	0.00M	72.61M	50.40M	44.79M	41.30M	42.38M	56.60M	45.27M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	6.02M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	76.35M	67.77M	41.68M	42.63M	43.16M	41.03M
Inventory	0.00M	0.00M	0.00M	0.00M	-48.03M	-41.45M	0.00M	-26.03M	0.00M	-247.51M	-244.18M	-238.39M	-240.29M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-156.90M	-50.40M	-110.44M	-202.00M	41.45M	-330.02M	26.03M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	233.81M	0.00M	0.00M	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	34.44M	0.00M	35.57M	0.00M	28.86M	328.11M	0.00M	290.63M	223.02M	24.55M	13.25M	15.62M	16.38M	33.10M	18.95M	21.29M	28.33M	259.96M	37.32M	36.90M	27.30M	41.80M	41.00M	34.20M	41.60M	68.80M	108.25M	102.07M	74.08M	93.68M	88.65M	56.10M
Property, Plant & Equipment	0.00M	0.00M	5.23M	0.00M	3.41M	282.14M	0.00M	258.86M	-4.18M	-0.59M	-0.16M	-0.83M	-1.40M	-0.36M	-7.16M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
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	2.13M	2.13M	2.13M	2.13M	2.13M	2.39M	3.01M	3.01M	3.01M	3.01M	3.01M	18.82M	19.50M	20.46M	4.34M	4.61M	2.10M	2.25M
Intangible Assets	2.54M	0.00M	2.54M	0.00M	2.54M	2.54M	0.00M	2.54M	2.54M	2.54M	2.54M	2.54M	2.54M	2.54M	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
Long-Term Investments	0.00M	225.84M	221.75M	228.87M	221.53M	281.35M	274.06M	256.63M	232.38M	239.70M	232.17M	229.69M	235.05M	224.43M	243.95M	0.00M	0.00M	0.00M	0.00M	0.00M	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 Assets	0.00M	0.00M	20.21M	0.00M	14.16M	1.76M	0.00M	0.31M	4.18M	0.59M	0.16M	0.83M	1.40M	0.36M	7.16M	3.32M	3.23M	6.04M	10.58M	3.93M	5.76M	7.10M	0.48M	0.94M	0.67M	2.29M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	0.00M	-228.39M	-247.19M	-231.41M	-224.93M	-283.89M	-276.60M	-259.18M	-145.21M	-171.06M	-173.54M	-171.64M	-177.25M	-169.66M	-175.36M	45.61M	-3.23M	-6.04M	-10.58M	-3.93M	-5.76M	-7.10M	-0.48M	-0.94M	-0.67M	-2.29M	-19.50M	-20.46M	-4.34M	-4.61M	-2.10M	-2.25M
Other Assets	393.87M	429.34M	355.31M	381.27M	321.49M	-209.72M	405.19M	-172.18M	241.93M	247.51M	244.18M	238.39M	240.29M	228.96M	230.51M	229.79M	247.11M	0.00M	227.16M	418.96M	428.33M	415.63M	426.55M	406.31M	378.85M	324.35M	248.03M	228.62M	194.43M	173.58M	162.24M	186.19M
Total Non-Current Assets	396.41M	426.80M	357.86M	378.72M	338.20M	74.17M	402.64M	86.99M	331.64M	318.69M	305.35M	298.98M	300.63M	286.28M	301.23M	280.84M	249.24M	2.13M	229.29M	421.35M	431.34M	418.64M	429.55M	409.31M	381.86M	343.17M	248.03M	228.62M	194.43M	173.58M	162.24M	186.19M
Total Assets	430.86M	426.80M	393.43M	378.72M	367.06M	402.29M	402.64M	377.63M	554.66M	343.24M	318.60M	314.60M	317.01M	319.38M	320.18M	302.13M	277.57M	262.09M	266.61M	458.25M	458.64M	460.44M	470.55M	443.51M	423.46M	411.97M	356.28M	330.68M	268.51M	267.25M	250.89M	242.29M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	26.47M	25.47M	0.00M	23.59M	0.00M	0.00M	0.00M	0.00M	0.00M	14.84M	11.48M	14.10M	0.00M	0.00M	0.00M	0.00M	0.00M	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	0.00M	4.02M	4.02M	3.02M	1.05M	1.03M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	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	0.00M	-24.46M	0.00M	0.00M	0.31M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	0.00M	-4.02M	0.00M	-3.02M	-1.05M	-24.74M	0.00M	25.41M	-20.12M	-22.34M	-16.68M	-15.03M	0.00M	-14.84M	-11.48M	117.42M	0.00M	0.00M	0.00M	0.00M	206.90M	212.49M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Current Liabilities	0.00M	0.00M	4.02M	0.00M	2.01M	1.76M	0.00M	49.31M	-20.12M	-22.34M	-16.68M	-15.03M	0.00M	0.00M	0.00M	131.52M	0.00M	0.00M	0.00M	0.00M	206.90M	212.49M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Debt	0.00M	33.74M	33.74M	33.74M	38.32M	33.74M	33.74M	33.74M	33.74M	33.74M	33.74M	33.74M	33.74M	41.24M	41.24M	41.24M	41.24M	41.24M	41.24M	53.99M	53.99M	51.49M	53.24M	56.24M	50.04M	44.00M	46.50M	51.00M	26.00M	28.60M	35.61M	44.92M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M	2.58M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	0.92M	8.36M	1.30M	6.69M	0.88M	0.59M	-6.97M	-7.24M	1.40M	0.00M	7.16M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.94M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	0.00M	-33.74M	256.05M	-33.74M	229.12M	-33.74M	-35.04M	0.00M	0.00M	196.52M	9.71M	7.79M	179.08M	177.22M	-0.04M	-41.24M	-41.24M	-41.24M	-41.24M	-53.99M	-53.99M	115.98M	123.40M	-57.18M	-50.04M	-44.00M	-46.50M	-51.00M	-26.00M	-28.60M	-35.61M	-44.92M
Total Non-Current Liabilities	0.00M	0.00M	289.79M	0.00M	270.94M	8.36M	0.00M	40.43M	34.61M	230.85M	36.49M	34.29M	214.21M	218.45M	48.36M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	167.47M	176.64M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Liabilities	0.00M	0.00M	293.82M	0.00M	272.95M	10.11M	0.00M	89.74M	14.50M	208.51M	19.81M	19.26M	214.21M	218.45M	48.36M	131.52M	0.00M	0.00M	0.00M	0.00M	206.90M	379.96M	176.64M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.07M	0.07M	0.07M	0.07M	0.07M	0.07M	0.20M	0.20M	0.13M	0.13M	0.14M	0.16M	0.16M	0.16M	0.13M	0.13M	0.16M	0.16M	0.16M
Common Stock	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.40M	22.37M	22.37M	22.37M	21.82M	21.48M	21.41M	21.41M	21.41M	21.41M	21.41M	21.41M	21.41M	19.41M	18.92M	18.71M	18.71M
Retained Earnings	49.84M	49.37M	45.85M	50.93M	51.98M	51.26M	47.79M	36.02M	37.21M	30.99M	27.27M	25.44M	21.87M	18.74M	8.62M	6.18M	5.39M	3.40M	5.12M	10.53M	4.97M	-2.78M	0.46M	-4.46M	-11.27M	1.10M	-1.25M	-4.56M	-15.21M	-23.65M	-31.43M	-34.45M
Accumulated OCI	-12.82M	-15.67M	-18.71M	-16.12M	-22.15M	17.69M	25.00M	10.46M	-7.54M	9.75M	5.83M	4.58M	9.28M	6.20M	19.57M	12.24M	-2.11M	-5.41M	-9.20M	-1.17M	11.71M	12.85M	17.21M	18.29M	13.14M	8.75M	6.82M	7.84M	28.79M	29.50M	17.71M	15.59M
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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.29M
Total Shareholders’ Equity	59.48M	56.16M	49.60M	57.26M	52.29M	91.41M	95.25M	68.94M	52.13M	63.20M	55.56M	52.48M	53.60M	47.41M	50.66M	40.89M	25.73M	20.44M	18.36M	31.38M	38.36M	31.61M	39.22M	35.39M	23.44M	31.42M	27.14M	24.82M	33.11M	24.93M	5.16M	0.02M
Total Equity	59.48M	56.16M	49.60M	57.26M	52.29M	91.41M	95.25M	68.94M	52.13M	63.20M	55.56M	52.48M	53.60M	47.41M	50.66M	40.89M	25.73M	20.44M	18.36M	31.38M	38.36M	31.61M	39.22M	35.39M	23.44M	31.42M	27.14M	24.82M	33.11M	24.93M	5.16M	1.30M
Total Liabilities & Equity	59.48M	56.16M	343.41M	57.26M	325.24M	101.52M	95.25M	158.68M	66.63M	271.71M	75.37M	71.74M	267.81M	265.86M	99.03M	172.42M	25.73M	20.44M	18.36M	31.38M	245.26M	411.58M	215.86M	35.39M	23.44M	31.42M	27.14M	24.82M	33.11M	24.93M	5.16M	1.30M
Tangible Assets	428.31M	426.80M	390.88M	378.72M	364.52M	399.74M	402.64M	375.08M	552.12M	340.70M	316.06M	312.06M	314.46M	316.84M	318.05M	300.00M	275.44M	259.96M	264.48M	455.86M	455.63M	457.43M	467.55M	440.51M	420.45M	393.15M	336.78M	310.22M	264.17M	262.65M	248.79M	240.04M
Tangible Equity	56.93M	56.16M	47.05M	57.26M	49.75M	88.86M	95.25M	66.39M	49.59M	60.66M	53.01M	49.94M	51.06M	44.86M	48.54M	38.77M	23.60M	18.32M	16.24M	28.99M	35.36M	28.60M	36.21M	32.38M	20.44M	12.59M	7.65M	4.36M	28.77M	20.32M	3.06M	-0.95M
Tangible Book Value	56.93M	56.16M	47.05M	57.26M	49.75M	88.86M	95.25M	66.39M	49.59M	60.66M	53.01M	49.94M	51.06M	44.86M	48.54M	38.77M	23.60M	18.32M	16.24M	28.99M	35.36M	28.60M	36.21M	32.38M	20.44M	12.59M	7.65M	4.36M	28.77M	20.32M	3.06M	-0.95M
Total Investments	255.07M	233.86M	221.75M	237.07M	430.26M	542.33M	279.31M	489.10M	241.93M	239.70M	232.17M	229.69M	235.05M	224.43M	243.95M	229.79M	184.63M	195.41M	173.12M	1.96M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	8.10M	9.50M	13.40M	0.00M
Net Debt	-34.44M	-8.66M	2.19M	8.46M	10.51M	10.02M	14.42M	20.85M	21.11M	-238.32M	-223.69M	-220.27M	-222.92M	8.14M	22.29M	19.95M	12.91M	21.11M	3.92M	17.09M	26.69M	9.69M	12.24M	22.04M	8.44M	-24.80M	14.60M	16.70M	-6.40M	-22.44M	-9.89M	29.85M

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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Working Capital	34.4M	0.0M	31.5M	0.0M	26.9M	326.4M	0.0M	241.3M	-196.5M	-172.0M	-166.1M	-162.8M	-162.7M	-144.2M	-154.2M	-143.3M	-125.4M	116.6M	-112.7M	-279.6M	-283.1M	-286.7M	-287.4M	-266.3M	-253.9M	-211.7M	-137.8M	-119.1M	-90.5M	-71.4M	-69.6M	-97.1M
Total Capital	109.5M	143.9M	137.4M	144.0M	137.9M	175.0M	178.8M	152.1M	135.1M	146.7M	139.2M	136.2M	137.9M	142.2M	147.0M	137.5M	123.9M	118.7M	116.7M	141.8M	148.2M	131.9M	142.2M	143.1M	128.0M	131.5M	129.7M	129.9M	108.2M	106.8M	94.7M	91.4M
Capital Employed	430.9M	429.3M	389.4M	381.3M	365.1M	400.5M	405.2M	328.3M	135.1M	146.7M	139.2M	136.2M	137.9M	142.1M	147.0M	137.5M	123.9M	118.7M	116.6M	141.8M	148.2M	131.9M	142.1M	143.1M	128.0M	131.5M	129.8M	129.9M	108.2M	106.8M	94.7M	91.3M
Invested Capital	75.0M	97.5M	101.8M	115.7M	109.1M	150.3M	159.5M	139.2M	122.5M	-125.3M	-118.2M	-117.8M	-118.7M	109.1M	128.0M	116.2M	95.6M	98.6M	79.3M	104.9M	120.9M	90.1M	101.2M	108.9M	86.4M	62.7M	97.8M	95.6M	75.8M	55.7M	49.2M	76.3M

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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	5.11M	-6.91M	-4.27M	-0.17M	1.53M	4.28M	12.17M	-0.39M	-0.70M	4.53M	2.64M	4.39M	4.43M	11.02M	4.44M	3.29M	2.49M	-1.21M	-0.47M	32.36M	8.94M	-26.92M	5.02M	6.84M	-12.22M	3.60M	3.63M	10.91M	8.56M	8.03M	3.16M	-6.98M
Depreciation & Amortization	-0.35M	0.43M	0.37M	0.65M	0.89M	1.00M	0.98M	1.00M	0.99M	1.44M	1.21M	1.12M	0.93M	0.60M	0.47M	10.86M	0.38M	9.98M	10.23M	0.11M	0.96M	27.34M	1.36M	1.14M	0.92M	1.68M	1.74M	1.44M	1.37M	1.12M	1.10M	0.55M
Deferred Income Tax	0.14M	-2.84M	-1.75M	-3.12M	-1.82M	-1.11M	-2.25M	-0.91M	-2.24M	-1.36M	0.00M	0.30M	0.10M	-0.33M	-0.10M	-0.37M	1.04M	2.49M	-2.54M	3.71M	1.96M	-4.28M	-0.83M	-1.16M	-0.62M	0.51M	1.01M	-7.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.01M	0.01M	0.12M	0.13M	0.21M	0.44M	0.35M	0.24M	0.50M	0.59M	0.37M	0.58M	0.22M	0.00M	0.00M	0.00M	0.02M	0.07M	0.07M	0.07M	0.07M	0.20M	0.13M	0.08M	0.05M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	19.85M	15.28M	10.38M	5.88M	2.94M	3.72M	0.44M	11.62M	3.02M	10.38M	0.58M	2.02M	0.26M	11.56M	4.85M	-0.92M	-4.43M	-1.83M	-3.59M	4.04M	-32.70M	-10.29M	-74.53M	-21.19M	-23.45M	-17.62M	-28.74M	-30.67M	-8.55M	-8.79M	-17.67M	-0.60M
Accounts Receivable	-12.99M	-5.58M	0.00M	-3.52M	1.08M	1.55M	1.35M	-4.71M	-10.22M	-6.19M	-0.41M	1.33M	-1.42M	1.45M	-1.14M	0.00M	0.00M	0.00M	0.00M	5.69M	7.13M	14.93M	-26.02M	5.76M	-4.23M	-12.40M	-8.58M	-8.40M	1.00M	1.10M	-3.90M	1.00M
Inventory	0.00M	0.00M	0.00M	0.00M	1.86M	-1.55M	-1.35M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	276.43M	256.72M	269.71M	237.57M	245.39M	232.71M	193.76M	222.23M	198.87M	154.75M	0.00M	145.23M	151.40M
Accounts Payable	5.41M	0.00M	0.00M	0.00M	1.01M	0.06M	2.32M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.51M	-13.45M	-8.20M	1.36M	-6.08M	1.93M	12.68M	3.62M	0.07M	0.30M	0.00M	-0.70M	0.20M
Other Working Capital	27.42M	20.86M	10.38M	9.40M	-1.01M	3.66M	-1.88M	16.33M	13.24M	16.57M	0.58M	2.02M	0.26M	11.56M	4.85M	-0.92M	-4.43M	-1.83M	-3.59M	-279.59M	-283.11M	-286.72M	-287.44M	-266.26M	-253.86M	-211.65M	-246.00M	-221.20M	-164.60M	-9.89M	-158.30M	-153.20M
Other Non-Cash Items	0.06M	-4.62M	0.05M	-0.74M	2.79M	-7.01M	-2.81M	-13.48M	3.15M	-12.85M	-3.69M	-5.99M	-1.85M	-10.05M	-12.56M	-3.71M	-2.78M	-10.22M	-9.86M	-40.30M	21.28M	25.34M	74.81M	28.16M	49.06M	27.64M	39.06M	30.72M	4.10M	8.25M	15.95M	1.10M
Net Cash from Operating Activities	24.81M	1.36M	4.80M	2.62M	6.45M	1.09M	8.97M	-1.81M	4.46M	2.63M	1.32M	2.21M	4.45M	13.02M	6.12M	9.13M	4.90M	-0.77M	-6.15M	-0.02M	0.50M	11.27M	6.03M	13.92M	13.78M	15.85M	16.71M	5.40M	5.48M	8.62M	2.54M	-5.93M
Capital Expenditures (PPE)	-0.56M	-0.13M	-0.23M	-0.08M	-0.13M	-0.11M	-0.23M	-0.07M	-0.28M	-0.10M	-0.40M	-0.32M	-4.13M	-1.34M	-0.17M	-0.06M	-0.05M	-0.10M	-0.15M	-0.45M	-0.30M	-0.68M	-0.58M	-0.43M	-0.45M	-0.93M	-0.62M	-0.83M	-0.39M	-0.73M	-1.62M	-1.11M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	3.30M	-5.41M	1.83M	0.00M	14.51M	-10.23M	1.84M	0.88M	4.73M	-2.54M	5.47M	14.07M	-3.91M	15.77M	43.39M	0.00M	24.13M	7.93M	0.00M	23.20M	45.25M	-0.13M	-0.09M	-18.40M	-0.48M	-0.85M	2.80M	-18.29M
Purchases of Investments	-15.97M	-14.05M	-13.85M	0.00M	-17.01M	-35.29M	-27.49M	-124.03M	-49.55M	-84.55M	-75.07M	-91.68M	-82.84M	-112.47M	-44.40M	-65.49M	-82.40M	-128.07M	-88.67M	-78.99M	-95.56M	-109.31M	-100.65M	-136.80M	-107.37M	-109.25M	-31.29M	-53.21M	-82.98M	-53.54M	-54.63M	-32.91M
Sales / Maturities of Investments	22.53M	11.75M	16.36M	0.00M	13.71M	40.70M	25.66M	127.11M	35.05M	94.78M	73.24M	90.80M	77.36M	120.16M	38.93M	51.43M	86.32M	112.30M	76.44M	92.19M	71.43M	101.38M	104.57M	113.60M	62.12M	133.22M	15.32M	44.08M	64.39M	59.82M	85.31M	38.03M
Other Investing Activities	-18.59M	0.00M	0.00M	-3.29M	-3.30M	5.41M	-1.83M	0.00M	-14.51M	10.23M	-1.84M	-0.88M	-4.73M	7.69M	-5.47M	-14.07M	3.91M	-15.77M	-12.00M	12.30M	-24.13M	-7.93M	1.45M	-23.20M	-45.25M	23.97M	0.00M	0.40M	0.61M	0.05M	-0.44M	-2.55M
Net Cash from Investing Activities	-12.59M	-2.43M	2.28M	-3.37M	-3.43M	5.30M	-2.06M	3.01M	-14.79M	10.13M	-2.23M	-1.20M	-9.61M	3.82M	-5.64M	-14.12M	3.86M	-15.87M	19.02M	25.06M	-24.42M	-8.60M	4.80M	-23.63M	-45.70M	22.91M	-16.68M	-27.97M	-18.86M	4.75M	31.43M	-16.82M
Net Debt Issuance	-1.00M	1.00M	1.00M	1.00M	2.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-6.75M	0.00M	0.00M	0.00M	0.00M	0.00M	-12.75M	0.00M	2.50M	-1.75M	-3.00M	4.82M	4.97M	-2.50M	-4.50M	25.00M	-2.60M	-7.00M	-9.31M	21.97M
Long-Term Debt Issuance	-1.00M	1.00M	1.00M	1.00M	2.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-6.75M	0.00M	0.00M	0.00M	0.00M	0.00M	-12.75M	0.00M	2.50M	-1.75M	-3.00M	4.82M	4.97M	-2.50M	-4.50M	25.00M	-2.60M	-7.00M	-9.31M	21.97M
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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-0.01M	-0.01M	-0.01M	-0.11M	-0.15M	-0.08M	-0.07M	-0.82M	-0.69M	-0.70M	-1.00M	-2.60M	-1.92M	-0.61M	-1.82M	-0.06M	-0.05M	-13.46M	-0.02M	6.95M	-0.10M	-1.59M	-2.37M	-0.03M	0.90M	2.08M	-0.51M	-2.36M	-0.50M	-0.25M	0.43M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.01M	0.01M	0.00M	0.04M	0.03M	0.05M	0.05M	0.08M	0.14M	0.30M	0.22M	0.00M	0.00M	0.00M	0.02M	7.02M	0.03M	0.15M	0.03M	16.97M	0.16M	0.41M	0.27M	0.09M	0.06M	0.09M	0.60M
Common Stock Repurchased	0.00M	-0.01M	-0.01M	-0.01M	-0.11M	-0.15M	-0.09M	-0.07M	-0.82M	-0.69M	-0.70M	-1.00M	-3.60M	-1.92M	-0.61M	-1.82M	-0.06M	-0.05M	-13.46M	-0.02M	-0.07M	-0.13M	-1.25M	0.00M	-0.04M	-0.01M	-0.08M	-0.78M	-2.45M	-0.60M	-0.34M	-0.17M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.22M	0.00M	0.00M	0.00M	-1.00M	-0.50M	0.00M	0.00M	0.00M	0.00M	-13.40M	0.00M	0.00M	0.00M	-0.50M	-2.00M	0.00M	0.75M	1.75M	0.00M	-1.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-0.81M	-0.40M	-0.81M	-0.81M	-0.81M	-0.81M	-0.40M	-0.80M	-0.81M	-0.81M	-0.81M	-0.81M	-1.31M	-0.91M	-2.50M	-0.45M	-0.51M	-0.51M	-1.68M	0.00M	0.00M	0.00M	-0.01M	-0.14M	-0.23M	-0.23M	0.00M	0.00M	-0.32M	-0.32M	-0.32M	-0.32M
Common Dividends Paid	-0.41M	-0.40M	-0.41M	-0.41M	-0.41M	-0.41M	0.00M	-0.40M	-0.41M	-0.41M	-0.41M	-0.41M	-0.83M	-0.42M	-1.49M	-0.45M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Dividends Paid	-0.40M	0.00M	-0.40M	-0.40M	-0.40M	-0.40M	-0.40M	-0.40M	-0.40M	-0.40M	-0.40M	-0.40M	-0.47M	-0.48M	-1.02M	0.00M	-0.51M	-0.51M	-1.68M	0.00M	0.00M	0.00M	-0.01M	-0.14M	-0.23M	-0.23M	0.00M	0.00M	-0.32M	-0.32M	-0.32M	-0.32M
Other Financing Activities	0.99M	-0.41M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.07M	0.04M	0.03M	0.05M	0.05M	-0.92M	0.14M	0.30M	0.22M	0.00M	0.00M	0.00M	0.02M	0.00M	0.00M	0.50M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.01M	6.34M	9.35M
Net Cash from Financing Activities	-0.81M	0.19M	0.19M	0.18M	1.09M	-0.95M	-0.48M	-0.94M	-1.59M	-1.47M	-1.45M	-1.76M	-11.57M	-2.68M	-2.81M	-2.05M	-0.57M	-0.55M	-27.88M	0.00M	9.45M	-1.85M	-4.10M	2.31M	4.72M	-1.83M	-2.42M	24.49M	-5.27M	-7.82M	-3.54M	31.42M
Effect of FX on Cash	0.00M	-0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	11.41M	-0.89M	7.27M	-0.56M	4.11M	5.43M	6.43M	0.26M	-11.92M	11.30M	-2.37M	-0.75M	-16.73M	14.15M	-2.33M	-7.04M	8.20M	-17.19M	-15.01M	25.04M	-14.48M	0.82M	6.72M	-7.40M	-27.21M	36.93M	-2.39M	1.92M	-18.66M	5.55M	30.43M	8.67M
Cash at Beginning of Period	140.93M	94.62M	28.30M	28.86M	24.75M	19.32M	12.89M	12.63M	24.55M	13.25M	15.62M	16.38M	33.10M	18.95M	21.29M	28.33M	20.13M	37.32M	52.33M	27.29M	41.78M	40.96M	34.24M	41.64M	68.85M	31.91M	34.31M	32.39M	51.04M	45.50M	15.07M	6.40M
Cash at End of Period	152.34M	93.74M	35.57M	28.30M	28.86M	24.75M	19.32M	12.89M	12.63M	24.55M	13.25M	15.62M	16.38M	33.10M	18.95M	21.29M	28.33M	20.13M	37.32M	52.33M	27.29M	41.78M	40.96M	34.24M	41.64M	68.85M	31.91M	34.31M	32.39M	51.04M	45.50M	15.07M
Operating Cash Flow	24.81M	1.36M	4.80M	2.62M	6.45M	1.09M	8.97M	-1.81M	4.46M	2.63M	1.32M	2.21M	4.45M	13.02M	6.12M	9.13M	4.90M	-0.77M	-6.15M	-0.02M	0.50M	11.27M	6.03M	13.92M	13.78M	15.85M	16.71M	5.40M	5.48M	8.62M	2.54M	-5.93M
Capital Expenditure	-0.56M	-0.13M	-0.23M	-0.08M	-0.13M	-0.11M	-0.23M	-0.07M	-0.28M	-0.10M	-0.40M	-0.32M	-4.13M	-1.34M	-0.17M	-0.06M	-0.05M	-0.10M	-0.15M	-0.45M	-0.30M	-0.68M	-0.58M	-0.43M	-0.45M	-0.93M	-0.62M	-0.83M	-0.39M	-0.73M	-1.62M	-1.11M
Free Cash Flow	24.25M	1.23M	4.58M	2.54M	6.33M	0.98M	8.74M	-1.88M	4.18M	2.53M	0.92M	1.89M	0.33M	11.68M	5.95M	9.07M	4.85M	-0.87M	-6.30M	-0.46M	0.20M	10.59M	5.45M	13.49M	13.33M	14.92M	16.09M	4.57M	5.08M	7.88M	0.93M	-7.04M

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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
EBITDA	74.83M	23.64M	14.73M	18.82M	18.57M	21.37M	29.64M	14.47M	14.85M	21.59M	19.29M	22.46M	20.14M	25.04M	-14.47M	-13.97M	22.09M	13.87M	22.32M	42.84M	24.37M	13.51M	0.43M	0.79M	34.99M	20.78M	19.70M	17.88M	19.43M	28.00M	18.93M	12.28M
(-) Tax Adjustment	16.62M	5.31M	2.79M	6.59M	5.06M	4.11M	6.37M	0.75M	4.08M	3.34M	4.86M	5.19M	1.95M	0.41M	-1.84M	-0.11M	0.00M	4.85M	7.81M	14.99M	6.22M	4.73M	0.00M	0.00M	0.00M	3.20M	4.66M	0.00M	0.32M	0.35M	0.49M	0.00M
(-) Change In Working Capital	19.85M	15.28M	10.38M	5.88M	2.94M	3.72M	0.44M	11.62M	3.02M	10.38M	0.58M	2.02M	0.26M	11.56M	4.85M	-0.92M	-4.43M	-1.83M	-3.59M	4.04M	-32.70M	-10.29M	-74.53M	-21.19M	-23.45M	-17.62M	-28.74M	-30.67M	-8.55M	-8.79M	-17.67M	-0.60M
(-) Capital Expenditure	-0.56M	-0.13M	-0.23M	-0.08M	-0.13M	-0.11M	-0.23M	-0.07M	-0.28M	-0.10M	-0.40M	-0.32M	-4.13M	-1.34M	-0.17M	-0.06M	-0.05M	-0.10M	-0.15M	-0.45M	-0.30M	-0.68M	-0.58M	-0.43M	-0.45M	-0.93M	-0.62M	-0.83M	-0.39M	-0.73M	-1.62M	-1.11M
Unlevered Free Cash Flow	37.79M	2.92M	1.34M	6.27M	10.45M	13.43M	22.59M	2.04M	7.47M	7.77M	13.46M	14.92M	13.81M	11.74M	-17.65M	-13.00M	26.47M	10.75M	17.94M	23.36M	50.54M	18.39M	74.38M	21.55M	57.99M	34.26M	43.16M	47.72M	27.26M	35.70M	34.49M	11.78M
(-) Net Interest Income After Taxes	-2.45M	-2.68M	-2.77M	-2.12M	-1.42M	-1.12M	-1.26M	-2.02M	-1.48M	-1.46M	-1.17M	-1.10M	-1.45M	-1.87M	-2.30M	-2.58M	-2.61M	-1.79M	-2.14M	-2.70M	-3.43M	-2.35M	-3.07M	-3.12M	-2.56M	-2.74M	-3.37M	-2.82M	-2.11M	-2.86M	-3.21M	-2.46M
Net Debt Issuance	-1.00M	1.00M	1.00M	1.00M	2.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-6.75M	0.00M	0.00M	0.00M	0.00M	0.00M	-12.75M	0.00M	2.50M	-1.75M	-3.00M	4.82M	4.97M	-2.50M	-4.50M	25.00M	-2.60M	-7.00M	-9.31M	21.97M
Levered Free Cash Flow	39.25M	6.60M	5.11M	9.40M	13.87M	14.55M	23.85M	4.06M	8.94M	9.22M	14.62M	16.02M	8.51M	13.60M	-15.35M	-10.42M	29.08M	12.54M	7.34M	26.06M	56.47M	18.99M	74.45M	29.50M	65.52M	34.49M	42.03M	75.54M	26.77M	31.57M	28.39M	36.20M