ArcBest Corporation (ARCB)

Industry: Trucking Sector: Industrials Currency Used: US Live Price: $90.55

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	69.87	77.01	72.49	112.67	103.48	73.41	82.55	29.44	29.67	40.35	28.95	21.13	29.21	41.03	23.29	12.18	21.27	25.57	26.19	33.08	32.34	42.09	37.04	35.27	26.99	26.40	21.64	13.53	10.28	7.98	8.83	6.79
Market Capitalization	1,603.66M	1,776.68M	1,672.57M	2,657.65M	2,483.28M	1,805.19M	2,099.44M	748.99M	757.40M	1,036.10M	742.92M	542.19M	759.90M	1,067.12M	599.24M	310.59M	539.91M	643.78M	655.95M	825.97M	802.56M	1,057.25M	935.57M	885.42M	671.29M	652.34M	479.10M	270.64M	202.48M	157.11M	172.41M	120.84M
(-) Cash & Equivalents	120.60M	114.87M	103.20M	166.59M	226.08M	126.24M	287.25M	332.51M	176.47M	162.90M	103.66M	132.92M	178.66M	135.33M	94.15M	88.54M	120.00M	82.95M	54.63M	165.30M	28.13M	10.17M	9.05M	35.33M	3.81M	16.56M	12.92M	13.07M	4.35M	2.81M	1.98M	0.88M
(+) Total Debt	325.06M	491.47M	426.48M	414.83M	442.85M	401.57M	356.74M	510.39M	367.21M	271.08M	254.08M	227.53M	183.68M	131.48M	142.19M	160.04M	77.32M	45.39M	11.01M	4.65M	0.81M	1.49M	1.64M	1.94M	32.39M	118.44M	147.85M	186.96M	212.39M	227.20M	278.13M	389.00M
Enterprise Value	1,808.11M	2,153.28M	1,995.85M	2,905.89M	2,700.04M	2,080.52M	2,168.93M	926.87M	948.14M	1,144.29M	893.34M	636.80M	764.92M	1,063.28M	647.28M	382.08M	497.23M	606.23M	612.33M	665.32M	775.23M	1,048.58M	928.16M	852.03M	699.87M	754.22M	614.03M	444.53M	410.52M	381.49M	448.56M	508.97M

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	4,039M	4,267M	4,179M	4,427M	5,029M	3,766M	2,940M	2,988M	3,094M	2,826M	2,700M	2,667M	2,613M	2,300M	2,066M	1,908M	1,658M	1,473M	1,833M	1,837M	1,882M	1,860M	1,716M	1,441M	1,330M	1,551M	1,840M	1,722M	1,607M	1,593M	1,604M	1,406M
Cost of Revenue	2,769M	3,884M	3,829M	4,049M	4,455M	3,360M	2,712M	2,772M	2,821M	2,638M	2,537M	2,473M	2,425M	2,175M	1,982M	1,440M	1,401M	1,288M	1,507M	1,481M	202M	756M	690M	486M	557M	1,450M	765M	739M	1,487M	1,476M	1,558M	1,371M
Gross Profit	1,271M	383M	350M	378M	574M	406M	228M	216M	273M	188M	163M	194M	187M	124M	84M	467M	257M	185M	326M	356M	1,679M	1,105M	1,025M	955M	773M	100M	1,075M	983M	121M	118M	47M	35M
Gross Profit Margin	31.5%	9.0%	8.4%	8.5%	11.4%	10.8%	7.8%	7.2%	8.8%	6.7%	6.0%	7.3%	7.2%	5.4%	4.1%	24.5%	15.5%	12.5%	17.8%	19.4%	89.2%	59.4%	59.8%	66.3%	58.1%	6.5%	58.4%	57.1%	7.5%	7.4%	2.9%	2.5%
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	74M	75M	452M	360M	358M	37M	34M	0M	0M	0M	0M	0M	387M	33M	35M	36M	38M	452M	171M	175M	16M	138M	135M	225M	233M	51M	101M	103M	81M
Operating Expenses	1,134M	112M	106M	206M	179M	129M	130M	153M	164M	127M	129M	119M	118M	105M	99M	457M	312M	353M	277M	271M	1,554M	950M	901M	869M	702M	24M	935M	873M	51M	55M	69M	58M
Operating Income (EBIT)	137M	271M	244M	173M	395M	277M	98M	64M	109M	61M	34M	75M	69M	19M	-15M	10M	-55M	-169M	49M	85M	125M	154M	124M	86M	71M	76M	140M	110M	70M	63M	-22M	-23M
Operating Income Margin	3.4%	6.3%	5.8%	3.9%	7.8%	7.4%	3.3%	2.1%	3.5%	2.2%	1.3%	2.8%	2.7%	0.8%	-0.7%	0.5%	-3.3%	-11.5%	2.6%	4.6%	6.6%	8.3%	7.2%	6.0%	5.3%	4.9%	7.6%	6.4%	4.4%	3.9%	-1.4%	-1.7%
Interest Income	5M	14M	12M	15M	4M	1M	4M	6M	4M	1M	2M	1M	1M	1M	1M	1M	1M	3M	6M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	11M	9M	9M	9M	8M	9M	12M	11M	9M	6M	5M	4M	3M	4M	5M	4M	3M	2M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	-6M	5M	3M	6M	-4M	-8M	-8M	-5M	-6M	-5M	-4M	-3M	-2M	-4M	-4M	-3M	-2M	0M	5M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Unusual Items	0M	-26M	-28M	9M	-2M	4M	2M	-7M	-19M	-5M	-2M	0M	4M	4M	2M	3M	2M	3M	-3M	1M	7M	17M	2M	-14M	-3M	-9M	-11M	-22M	-16M	-21M	-31M	-20M
EBT Excluding Unusual Items	131M	275M	247M	178M	391M	269M	90M	59M	104M	56M	30M	72M	67M	16M	-19M	7M	-56M	-168M	53M	89M	125M	154M	124M	86M	71M	76M	140M	110M	70M	63M	-22M	-23M
Pre-Tax Income	131M	249M	219M	187M	388M	273M	92M	51M	84M	52M	28M	73M	71M	19M	-17M	9M	-54M	-166M	50M	91M	132M	172M	126M	73M	67M	67M	129M	88M	54M	42M	-53M	-44M
Pre-Tax Margin	3.2%	5.8%	5.2%	4.2%	7.7%	7.3%	3.1%	1.7%	2.7%	1.8%	1.0%	2.7%	2.7%	0.8%	-0.8%	0.5%	-3.2%	-11.2%	2.7%	4.9%	7.0%	9.2%	7.3%	5.1%	5.1%	4.3%	7.0%	5.1%	3.4%	2.7%	-3.3%	-3.1%
Income Tax Expense	34M	56M	45M	45M	94M	63M	21M	11M	17M	-8M	10M	28M	24M	4M	-9M	3M	-21M	-38M	21M	34M	51M	67M	50M	28M	28M	25M	53M	36M	23M	20M	-19M	-13M
Net Income	97M	194M	174M	195M	298M	214M	71M	40M	67M	60M	19M	45M	46M	16M	-8M	6M	-32M	-128M	29M	57M	84M	105M	76M	46M	17M	45M	76M	50M	29M	15M	-37M	-33M
Net Income Margin	2.4%	4.5%	4.2%	4.4%	5.9%	5.7%	2.4%	1.3%	2.2%	2.1%	0.7%	1.7%	1.8%	0.7%	-0.4%	0.3%	-2.0%	-8.7%	1.6%	3.1%	4.5%	5.6%	4.4%	3.2%	1.3%	2.9%	4.1%	2.9%	1.8%	1.0%	-2.3%	-2.3%
Depreciation & Amortization	155M	147M	149M	146M	140M	124M	118M	112M	109M	103M	103M	93M	86M	88M	88M	74M	72M	77M	77M	78M	68M	62M	55M	52M	49M	55M	56M	50M	48M	53M	65M	53M
EBITDA	292M	418M	394M	318M	535M	401M	217M	176M	218M	164M	137M	169M	155M	107M	73M	84M	17M	-92M	126M	162M	192M	216M	179M	139M	120M	130M	197M	159M	118M	116M	42M	29M
EBITDA Margin	7.2%	9.8%	9.4%	7.2%	10.6%	10.7%	7.4%	5.9%	7.0%	5.8%	5.1%	6.3%	6.0%	4.7%	3.5%	4.4%	1.0%	-6.3%	6.9%	8.8%	10.2%	11.6%	10.5%	9.6%	9.0%	8.4%	10.7%	9.3%	7.3%	7.3%	2.6%	2.1%
NOPAT	101M	210M	194M	131M	299M	213M	76M	50M	87M	71M	22M	47M	45M	15M	-12M	7M	-43M	-133M	28M	53M	76M	94M	75M	53M	41M	47M	83M	64M	40M	33M	-18M	-19M
NOPAT Margin	2.5%	4.9%	4.6%	3.0%	6.0%	5.7%	2.6%	1.7%	2.8%	2.5%	0.8%	1.7%	1.7%	0.7%	-0.6%	0.3%	-2.6%	-9.0%	1.5%	2.9%	4.1%	5.1%	4.3%	3.7%	3.1%	3.0%	4.5%	3.7%	2.5%	2.1%	-1.1%	-1.3%
Owner's Earnings	97M	66M	83M	109M	273M	259M	132M	50M	122M	87M	43M	51M	88M	70M	36M	22M	23M	-105M	48M	33M	0M	44M	35M	30M	10M	25M	35M	48M	15M	57M	0M	-30M
Owner's Earnings Margin	2.4%	1.5%	2.0%	2.5%	5.4%	6.9%	4.5%	1.7%	3.9%	3.1%	1.6%	1.9%	3.4%	3.1%	1.7%	1.1%	1.4%	-7.1%	2.6%	1.8%	0.0%	2.4%	2.0%	2.1%	0.8%	1.6%	1.9%	2.8%	1.0%	3.6%	0.0%	-2.1%
EPS (Basic)	4.21	8.20	7.39	8.14	12.13	8.38	2.80	1.57	2.62	2.32	0.72	1.71	1.69	0.59	-0.31	0.23	-1.30	-5.10	1.17	2.29	3.35	4.13	3.00	1.84	0.68	1.73	3.62	2.34	1.24	0.56	-2.10	-1.90
EPS (Diluted)	4.17	8.12	7.30	7.93	11.69	7.98	2.69	1.51	2.52	2.26	0.71	1.69	1.78	0.61	-0.30	0.25	-1.29	-5.10	1.15	2.26	3.30	4.06	2.94	1.81	0.66	1.80	3.35	2.31	1.42	0.78	-2.10	-1.90
Shares (Basic)	23M	24M	24M	24M	25M	25M	25M	26M	26M	26M	26M	26M	26M	26M	25M	25M	25M	25M	25M	25M	25M	25M	25M	25M	25M	21M	20M	20M	20M	20M	17M	17M
Shares (Diluted)	23M	24M	24M	25M	26M	27M	26M	26M	27M	26M	26M	27M	26M	26M	26M	25M	25M	25M	25M	25M	26M	26M	26M	25M	25M	25M	23M	22M	20M	20M	17M	17M

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	2011-12-31
All Other Segments and Eliminations	—	—	—	—	—	—	—	—	—	—	—	—	—	-33.95M	-27.76M	—
ArcBest	—	—	—	—	2,128.39M	1,291.68M	—	—	—	—	—	—	—	—	—	—
Arcbest Segment	—	—	—	—	—	—	770.56M	738.39M	781.12M	706.70M	640.73M	—	—	—	—	—
Asset Based	—	—	—	—	2,896.28M	2,470.53M	—	—	—	—	—	—	—	—	—	—
Asset Based Segment	2,742.30M	4,223.73M	2,750.13M	2,871.00M	—	—	1,998.55M	2,144.68M	2,175.59M	1,993.31M	1,916.39M	—	—	—	—	—
Corporate And Other	—	—	—	—	—	—	4.40M	—	—	—	—	—	—	—	—	—
Corporate and Other	—	2.16M	—	4.24M	4.33M	3.98M	—	—	—	—	—	—	—	—	—	—
Emergency And Preventative Maintenance	—	—	—	—	—	—	—	—	—	—	—	174.95M	158.58M	—	—	—
Emergency and Preventative Maintenance	—	—	—	—	—	—	—	—	—	—	—	—	—	137.55M	115.97M	92.55M
FleetNet	—	—	—	—	295.04M	213.88M	—	—	—	—	—	—	—	—	—	—
Fleetnet Segment	—	—	—	—	—	—	166.65M	211.74M	195.13M	156.34M	162.63M	—	—	—	—	—
Freight Transportation	—	—	—	—	—	—	—	—	—	—	—	1,918.45M	1,930.99M	1,761.72M	1,725.13M	1,730.77M
Household Goods Moving Services	—	—	—	—	—	—	—	—	—	—	—	119.25M	94.63M	82.17M	77.62M	—
Premium Logistics	—	—	—	—	—	—	—	—	—	—	—	300.37M	316.67M	—	—	—
Premium Logistics and Expedited Freight Services	—	—	—	—	—	—	—	—	—	—	—	—	—	246.85M	132.33M	—
Special Service Logistics	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	85.61M
Transportation Management	—	—	—	—	—	—	—	—	—	—	—	203.53M	152.63M	—	—	—
Truck Brokerage and Management	—	—	—	—	—	—	—	—	—	—	—	—	—	105.22M	42.71M	25.43M

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	120.60M	114.87M	127.44M	262.23M	158.26M	76.62M	303.95M	201.91M	190.19M	120.77M	114.28M	164.97M	157.04M	105.35M	90.70M	141.30M	102.58M	39.33M	100.88M	93.81M	5.01M	5.77M	70.87M	5.25M	39.64M	14.86M	36.74M	4.32M	4.54M	7.20M	2.40M	16.90M
Short-Term Investments	12.02M	24.80M	29.76M	67.84M	167.66M	48.34M	65.41M	116.58M	106.81M	56.40M	56.84M	61.60M	45.91M	35.91M	29.05M	33.96M	39.29M	93.86M	117.86M	79.37M	135.32M	121.24M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	132.63M	139.68M	157.20M	330.07M	325.93M	124.96M	369.36M	318.49M	296.99M	177.17M	171.12M	226.57M	202.95M	141.26M	119.76M	175.26M	141.87M	133.19M	218.74M	173.18M	140.33M	127.01M	70.87M	5.25M	39.64M	14.86M	36.74M	4.32M	4.54M	7.20M	2.40M	16.90M
Net Receivables	432.15M	448.96M	459.53M	506.57M	547.75M	605.09M	346.61M	310.79M	317.92M	310.86M	292.59M	260.95M	244.56M	211.87M	192.85M	164.11M	153.58M	122.21M	118.06M	150.53M	152.13M	165.51M	150.81M	132.32M	130.77M	116.43M	173.49M	187.84M	166.52M	175.70M	178.80M	205.20M
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	0.00M	0.00M	0.00M	0.00M	0.00M	2.93M	33.05M	33.15M	30.70M	33.80M	36.90M
Other Current Assets	56.99M	11.42M	11.05M	11.12M	76.62M	5.90M	4.42M	4.75M	9.01M	12.13M	5.26M	43.76M	46.57M	46.34M	56.09M	94.36M	90.02M	94.23M	43.06M	43.77M	43.74M	46.03M	36.19M	30.41M	30.17M	28.87M	12.97M	10.47M	9.89M	8.84M	23.11M	49.57M
Total Current Assets	621.77M	600.05M	627.78M	847.75M	950.30M	735.95M	720.39M	634.03M	623.92M	500.17M	468.97M	531.28M	494.08M	399.47M	368.70M	433.72M	385.47M	349.63M	379.86M	367.48M	336.20M	338.54M	257.88M	167.98M	200.59M	160.16M	226.13M	235.67M	214.10M	222.44M	238.11M	308.57M
Property, Plant & Equipment	1,376.33M	1,343.06M	1,258.80M	1,084.82M	966.69M	802.61M	793.89M	752.06M	631.19M	591.16M	532.53M	483.05M	409.85M	394.40M	444.03M	415.42M	407.25M	428.85M	449.58M	466.14M	461.88M	393.76M	370.00M	347.13M	339.40M	334.18M	346.02M	337.09M	320.10M	285.40M	356.60M	407.28M
Goodwill	304.75M	304.75M	304.75M	304.75M	304.75M	300.34M	88.32M	88.32M	108.32M	108.32M	108.88M	96.47M	77.08M	76.45M	73.19M	3.66M	0.00M	3.66M	63.90M	63.99M	63.92M	63.92M	63.90M	63.88M	63.81M	101.32M	105.42M	109.39M	124.98M	130.75M	0.00M	0.00M
Intangible Assets	79.23M	82.45M	88.62M	101.15M	113.73M	126.58M	54.98M	58.83M	68.95M	73.47M	80.51M	76.79M	72.81M	75.39M	79.56M	2.82M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	150.20M	145.50M
Long-Term Investments	4.96M	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	8.18M	62.54M	61.74M	60.44M	3.20M	2.08M	3.34M	9.15M	39.94M
Tax Assets	7.83M	9.32M	9.54M	8.14M	6.34M	5.47M	6.16M	7.73M	7.47M	5.97M	2.98M	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	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	70.95M	89.68M	92.39M	101.45M	112.99M	101.63M	77.50M	79.87M	74.08M	64.37M	66.10M	54.53M	52.90M	52.61M	51.63M	49.23M	54.02M	52.29M	50.64M	70.80M	61.96M	106.19M	99.16M	107.91M	82.24M	58.95M	50.79M	39.15M	33.60M	41.96M	60.55M	70.56M
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	0.00M	0.00M	0.00M	0.00M	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	1,844.05M	1,829.27M	1,754.09M	1,600.31M	1,504.50M	1,336.62M	1,020.84M	986.81M	890.01M	843.29M	790.98M	710.83M	612.63M	598.84M	648.41M	471.13M	461.27M	484.80M	564.11M	600.93M	587.76M	563.86M	533.06M	527.10M	548.00M	556.19M	562.67M	488.83M	480.76M	461.45M	576.50M	663.28M
Total Assets	2,465.82M	2,429.32M	2,381.87M	2,448.06M	2,454.80M	2,072.57M	1,741.23M	1,620.83M	1,513.93M	1,343.46M	1,259.95M	1,242.11M	1,106.72M	998.31M	1,017.11M	904.86M	846.74M	834.43M	943.97M	968.41M	923.96M	902.40M	790.94M	695.08M	748.59M	716.35M	788.80M	724.50M	694.86M	683.89M	814.61M	971.86M
Accounts Payable	164.27M	176.90M	172.76M	214.00M	269.85M	311.40M	170.90M	134.37M	143.79M	129.10M	133.30M	130.87M	120.33M	89.09M	84.29M	66.52M	62.13M	59.39M	51.65M	60.34M	63.48M	62.86M	62.78M	55.76M	58.44M	50.37M	60.00M	76.60M	69.98M	77.40M	77.30M	75.00M
Short-Term Debt	114.10M	77.55M	63.98M	66.95M	66.25M	50.62M	67.11M	57.31M	54.08M	61.93M	64.14M	44.91M	25.26M	45.12M	56.69M	45.10M	27.02M	25.54M	0.16M	0.17M	0.25M	0.32M	0.39M	0.35M	0.33M	14.83M	23.95M	20.45M	17.50M	16.50M	37.20M	26.60M
Tax Payables	46.07M	23.28M	9.92M	10.41M	16.63M	12.09M	0.32M	0.01M	1.69M	0.32M	8.28M	0.09M	0.53M	1.78M	0.06M	0.17M	0.20M	0.83M	0.76M	2.41M	5.83M	12.40M	2.94M	2.82M	5.44M	0.00M	4.13M	8.43M	8.12M	1.22M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	392.09M	0.00M	293.06M	277.80M	304.62M	227.29M	171.59M	159.87M	183.12M	136.44M	132.32M	123.68M	131.49M	114.90M	102.81M	97.06M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.74M	7.81M	6.52M	0.00M	0.00M	0.00M	16.18M	-1.61M	12.99M
Total Current Liabilities	716.52M	277.73M	539.73M	569.16M	657.36M	601.39M	409.91M	351.56M	382.67M	327.79M	338.05M	299.55M	277.60M	250.90M	243.85M	208.84M	89.35M	85.76M	52.56M	62.93M	69.56M	75.57M	66.11M	60.67M	72.02M	71.72M	88.07M	105.48M	95.60M	111.30M	112.89M	114.59M
Long-Term Debt	135.47M	163.85M	125.16M	161.99M	198.37M	174.92M	217.12M	266.21M	237.60M	206.99M	179.53M	167.60M	102.47M	81.33M	112.94M	46.75M	42.66M	13.37M	1.46M	1.40M	1.18M	1.43M	1.43M	1.83M	112.15M	115.00M	153.00M	173.70M	196.08M	202.60M	317.90M	399.10M
Capital Lease Obligations	246.43M	250.07M	224.34M	208.79M	174.05M	111.58M	119.32M	72.54M	0.03M	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
Deferred Tax Liabilities	114.00M	78.28M	78.65M	55.79M	60.49M	64.89M	72.41M	66.21M	56.44M	49.16M	54.68M	78.06M	64.40M	64.03M	45.31M	19.86M	19.41M	31.02M	24.02M	30.81M	19.45M	37.25M	37.87M	29.11M	23.66M	31.74M	39.52M	25.19M	22.32M	24.40M	22.50M	48.60M
Other Non-Current Liabilities	47.38M	48.10M	55.60M	146.77M	167.72M	152.27M	56.50M	59.19M	76.19M	55.44M	52.64M	63.93M	59.09M	41.89M	117.51M	120.33M	85.25M	87.70M	106.79M	73.95M	80.27M	59.27M	68.44M	79.07M	69.79M	45.48M	31.05M	29.85M	20.58M	21.90M	21.50M	18.60M
Total Non-Current Liabilities	543.28M	540.31M	483.75M	573.34M	600.64M	503.66M	465.35M	464.15M	370.26M	311.59M	286.85M	309.58M	225.96M	187.25M	275.76M	186.93M	147.31M	132.10M	132.26M	106.16M	100.91M	97.95M	107.74M	110.00M	205.60M	192.22M	223.57M	228.74M	238.98M	248.90M	361.90M	466.30M
Total Liabilities	1,259.80M	818.03M	1,023.47M	1,142.50M	1,258.00M	1,105.05M	875.26M	815.71M	752.93M	639.38M	624.89M	609.14M	503.55M	438.14M	519.61M	395.77M	236.66M	217.85M	184.82M	169.08M	170.47M	173.52M	173.86M	170.67M	277.62M	263.93M	311.64M	334.22M	334.58M	360.20M	474.79M	580.89M
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	0.01M	0.02M	0.02M	0.02M	0.02M	0.02M
Common Stock	0.31M	0.31M	0.30M	0.30M	0.30M	0.29M	0.29M	0.29M	0.29M	0.29M	0.28M	0.28M	0.28M	0.28M	0.27M	0.27M	0.27M	0.27M	0.27M	0.27M	0.26M	0.26M	0.26M	0.25M	0.25M	0.25M	0.20M	0.20M	0.20M	0.20M	0.20M	0.20M
Retained Earnings	1,495.19M	1,458.65M	1,435.25M	1,272.58M	1,088.69M	801.31M	595.93M	533.19M	501.39M	438.38M	386.92M	376.83M	338.81M	296.74M	284.16M	295.11M	292.13M	327.95M	471.36M	457.54M	415.88M	347.05M	256.13M	192.61M	154.46M	137.64M	98.72M	26.69M	-19.41M	-44.10M	-55.10M	-14.80M
Accumulated OCI	0.10M	0.45M	0.27M	4.32M	7.10M	3.70M	1.19M	0.20M	-14.24M	-20.57M	-23.42M	-27.50M	-23.48M	-14.91M	-57.37M	-58.40M	-36.05M	-44.21M	-57.51M	-26.52M	-34.39M	-5.13M	-4.32M	-4.10M	-9.86M	-3.59M	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	33.51M	32.60M	34.00M	38.30M
Total Shareholders’ Equity	1,495.60M	1,459.40M	1,435.83M	1,277.21M	1,096.09M	805.31M	597.41M	533.68M	487.44M	418.09M	363.78M	349.61M	315.61M	282.10M	227.06M	236.98M	256.35M	284.00M	414.12M	431.28M	381.75M	342.19M	252.07M	188.76M	144.85M	134.29M	98.93M	26.90M	-19.20M	-43.89M	-54.89M	-14.59M
Total Equity	1,495.60M	1,459.40M	1,435.83M	1,277.21M	1,096.09M	805.31M	597.41M	533.68M	487.44M	418.09M	363.78M	349.61M	315.61M	282.10M	227.06M	236.98M	256.35M	284.00M	414.12M	431.28M	381.75M	342.19M	252.07M	188.76M	144.85M	134.29M	98.93M	26.90M	14.31M	-11.29M	-20.89M	23.72M
Total Liabilities & Equity	2,755.40M	2,277.44M	2,459.30M	2,419.71M	2,354.09M	1,910.36M	1,472.67M	1,349.39M	1,240.36M	1,057.47M	988.68M	958.75M	819.16M	720.24M	746.66M	632.75M	493.01M	501.85M	598.94M	600.36M	552.22M	515.71M	425.93M	359.43M	422.47M	398.22M	410.58M	361.12M	348.89M	348.92M	453.90M	604.61M
Tangible Assets	2,081.84M	2,042.12M	1,988.50M	2,042.16M	2,036.32M	1,645.66M	1,597.93M	1,473.68M	1,336.66M	1,161.67M	1,070.57M	1,068.86M	956.83M	846.48M	864.36M	898.38M	846.74M	830.77M	880.07M	904.42M	860.04M	838.49M	727.04M	631.20M	684.77M	615.03M	683.38M	615.12M	569.88M	553.14M	664.41M	826.36M
Tangible Equity	1,111.62M	1,072.20M	1,042.46M	871.31M	677.61M	378.39M	454.11M	386.53M	310.17M	236.30M	174.40M	176.36M	165.72M	130.26M	74.31M	230.50M	256.35M	280.34M	350.22M	367.29M	317.83M	278.27M	188.17M	124.89M	81.04M	32.96M	-6.48M	-82.49M	-110.67M	-142.03M	-171.09M	-121.79M
Tangible Book Value	1,111.62M	1,072.20M	1,042.46M	871.31M	677.61M	378.39M	454.11M	386.53M	310.17M	236.30M	174.40M	176.36M	165.72M	130.26M	74.31M	230.50M	256.35M	280.34M	350.22M	367.29M	317.83M	278.27M	188.17M	124.89M	81.04M	32.96M	-6.48M	-82.49M	-110.67M	-142.03M	-171.09M	-121.79M
Total Investments	16.99M	24.80M	29.76M	67.84M	167.66M	48.34M	65.41M	116.58M	106.81M	56.40M	56.84M	61.60M	45.91M	35.91M	29.05M	33.96M	39.29M	93.86M	117.86M	79.37M	135.32M	121.24M	0.00M	8.18M	62.54M	61.74M	60.44M	3.20M	2.08M	3.34M	9.15M	39.94M
Net Debt	128.97M	126.53M	61.69M	-33.29M	106.36M	148.91M	-19.73M	121.61M	101.49M	148.15M	129.39M	47.54M	-29.31M	21.10M	78.93M	-49.45M	-32.90M	-0.42M	-99.26M	-92.23M	-3.58M	-4.02M	-69.06M	-3.07M	72.84M	114.98M	140.20M	189.84M	209.04M	211.90M	352.70M	408.80M

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	-13.3M	-23.2M	9.7M	183.2M	221.3M	73.4M	251.6M	220.1M	197.9M	119.8M	94.9M	187.5M	174.2M	108.9M	86.3M	181.4M	165.8M	148.2M	192.9M	137.6M	92.5M	88.2M	43.1M	-16.4M	13.1M	-26.2M	-46.9M	-39.0M	-34.1M	-30.8M	-43.2M	19.2M
Total Capital	1,783.4M	1,791.9M	1,727.8M	1,680.1M	1,590.1M	1,266.2M	1,232.1M	1,159.1M	1,009.4M	920.4M	842.7M	801.2M	688.6M	646.9M	628.6M	557.5M	549.4M	539.8M	626.4M	634.0M	580.8M	555.8M	470.2M	402.9M	467.9M	467.6M	469.1M	415.2M	387.5M	368.2M	492.5M	603.6M
Capital Employed	1,830.7M	1,806.0M	1,763.7M	1,783.5M	1,725.8M	1,410.0M	1,272.5M	1,206.9M	1,087.9M	963.1M	885.9M	898.3M	786.8M	707.7M	734.8M	652.5M	627.1M	633.0M	757.0M	738.5M	680.3M	652.0M	576.1M	510.7M	561.1M	530.0M	515.8M	449.8M	446.4M	430.6M	533.3M	682.5M
Invested Capital	1,662.8M	1,677.0M	1,600.4M	1,417.9M	1,431.8M	1,189.6M	928.2M	957.2M	819.2M	799.6M	728.4M	636.3M	531.6M	541.6M	537.9M	416.2M	446.8M	500.5M	525.5M	540.2M	575.8M	550.1M	399.3M	397.7M	428.3M	452.8M	432.4M	410.9M	383.0M	361.0M	490.1M	586.7M

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	97.25M	193.72M	173.36M	195.43M	298.21M	213.52M	71.10M	39.99M	67.26M	59.73M	18.65M	44.85M	46.18M	15.81M	-7.73M	6.33M	-32.42M	-127.52M	29.17M	56.83M	84.09M	104.63M	75.53M	46.11M	16.82M	41.40M	76.16M	50.40M	28.70M	15.40M	-36.60M	-32.80M
Depreciation & Amortization	155.31M	147.11M	149.09M	145.73M	140.04M	124.22M	118.39M	112.47M	108.64M	103.07M	103.05M	93.04M	86.22M	88.39M	87.75M	73.98M	71.83M	76.50M	76.87M	77.32M	67.73M	62.10M	55.05M	51.93M	49.22M	54.55M	56.45M	49.76M	47.61M	53.08M	-64.70M	-52.80M
Deferred Income Tax	49.01M	15.86M	22.44M	-5.57M	-6.25M	-7.59M	7.72M	5.41M	1.87M	-10.21M	9.52M	16.44M	4.69M	-10.37M	-10.36M	3.06M	-11.46M	-4.94M	12.57M	6.16M	0.35M	-5.37M	7.31M	2.57M	8.41M	-0.05M	10.12M	3.13M	1.96M	16.31M	-3.70M	-9.00M
Stock-Based Compensation	8.48M	11.89M	11.36M	11.44M	12.78M	11.43M	10.48M	9.52M	8.41M	6.96M	7.59M	8.03M	7.00M	5.49M	6.07M	6.45M	5.69M	6.16M	6.11M	4.91M	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	-58.97M	41.35M	-13.04M	29.58M	31.14M	-4.09M	-1.47M	-28.02M	55.91M	-15.63M	-36.34M	-18.32M	-7.40M	-9.85M	8.01M	9.88M	-7.42M	-8.13M	-18.42M	-0.03M	8.47M	1.38M	5.73M	-19.48M	-8.16M	-27.06M	-10.52M	10.18M	-9.26M	-5.58M	1.40M	-81.60M
Accounts Receivable	8.97M	42.06M	45.50M	41.19M	6.96M	-122.78M	4.33M	1.22M	2.34M	4.08M	1.64M	1.00M	1.94M	2.07M	0.51M	2.39M	-32.21M	-3.74M	30.57M	0.53M	6.11M	-16.84M	-19.95M	-3.13M	-15.91M	35.24M	-12.57M	-24.30M	-2.90M	-7.60M	13.50M	-23.80M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-4.33M	-1.22M	-33.22M	-27.96M	-32.96M	4.70M	-29.83M	-28.95M	0.25M	-10.34M	0.00M	0.00M	0.00M	0.98M	4.12M	3.61M	-14.09M	-21.90M	-14.60M	-11.16M	-1.10M	5.50M	-1.80M	-8.85M	3.20M	3.50M
Accounts Payable	-7.37M	1.59M	-21.04M	-10.26M	46.93M	106.06M	40.67M	-27.04M	52.02M	10.39M	-11.26M	-15.09M	32.46M	8.57M	3.61M	18.46M	5.20M	-5.62M	-60.65M	-0.38M	-18.33M	26.98M	32.57M	4.74M	21.37M	-51.26M	11.00M	32.00M	-10.50M	10.90M	-24.50M	-47.50M
Other Working Capital	-60.56M	-2.30M	-37.50M	-1.34M	-22.74M	12.63M	-42.14M	-0.98M	34.77M	-2.14M	6.24M	-8.92M	-11.97M	8.47M	3.90M	-0.64M	19.59M	1.22M	11.66M	-1.17M	20.69M	-12.36M	7.20M	0.81M	0.98M	0.14M	-7.85M	-3.02M	5.94M	-0.03M	9.20M	-13.80M
Other Non-Cash Items	-9.99M	-53.46M	-57.36M	-54.45M	-5.10M	-13.98M	-0.23M	31.00M	13.26M	8.01M	7.78M	1.98M	7.08M	4.02M	0.79M	1.16M	0.07M	69.72M	-0.96M	-2.05M	7.81M	-15.19M	-6.66M	-6.80M	22.37M	-4.00M	-4.46M	0.93M	3.26M	-3.02M	133.80M	110.00M
Net Cash from Operating Activities	241.09M	356.46M	285.85M	322.17M	470.82M	323.52M	205.99M	170.36M	255.35M	151.92M	110.26M	146.02M	143.77M	93.50M	84.53M	100.85M	26.29M	11.79M	105.34M	143.13M	168.46M	147.55M	136.97M	74.33M	88.67M	64.85M	127.74M	114.40M	72.27M	76.20M	30.20M	-66.20M
Capital Expenditures (PPE)	-163.96M	-270.41M	-223.10M	-219.02M	-165.51M	-78.47M	-57.49M	-102.43M	-54.09M	-75.62M	-78.74M	-86.94M	-43.90M	-34.04M	-44.50M	-58.52M	-15.78M	-53.22M	-58.73M	-101.27M	-151.58M	-122.25M	-95.44M	-68.17M	-55.67M	-74.67M	-97.25M	-52.59M	-60.87M	-11.65M	-27.75M	-49.69M
Acquisitions (Net)	24.04M	-96.82M	0.00M	0.00M	2.75M	-230.37M	14.24M	11.48M	4.68M	2.49M	-22.00M	-29.81M	-2.65M	-4.15M	-180.04M	5.30M	-4.36M	-4.87M	0.00M	-4.60M	17.33M	29.13M	0.00M	0.00M	0.00M	40.46M	0.00M	0.00M	0.00M	39.03M	0.00M	0.00M
Purchases of Investments	-12.00M	-45.42M	-29.24M	-96.54M	-182.35M	-81.36M	-165.13M	-129.71M	-108.50M	-73.46M	-69.40M	-61.36M	-45.83M	-39.61M	-55.86M	-59.72M	-65.17M	-109.81M	-146.66M	-292.06M	-386.36M	-378.45M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	40.94M	93.42M	66.58M	198.12M	64.33M	73.18M	216.74M	120.41M	58.70M	73.84M	74.17M	45.83M	35.85M	32.72M	60.73M	65.00M	119.74M	133.80M	107.40M	348.01M	372.28M	295.68M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	15.70M	100.14M	-1.52M	95.74M	19.69M	13.82M	-0.89M	2.01M	4.26M	4.28M	8.80M	6.64M	4.93M	2.19M	6.40M	1.77M	10.23M	4.91M	11.75M	16.67M	16.03M	25.10M	27.85M	77.90M	7.49M	7.32M	9.95M	-9.20M	15.28M	37.34M	65.31M	-65.82M
Net Cash from Investing Activities	-95.29M	-219.09M	-187.28M	-21.70M	-261.08M	-303.20M	7.46M	-98.24M	-94.95M	-68.47M	-87.17M	-125.64M	-51.60M	-42.88M	-213.27M	-46.18M	44.68M	-29.19M	-86.23M	-33.26M	-132.30M	-150.78M	-67.60M	9.73M	-48.18M	-26.90M	-87.30M	-61.79M	-45.58M	64.73M	37.57M	-115.51M
Net Debt Issuance	-28.75M	-121.97M	-120.52M	-83.28M	-43.33M	-118.71M	-101.10M	-39.09M	-71.26M	-58.92M	-52.20M	3.31M	-40.44M	-43.18M	39.81M	-8.25M	-5.58M	20.28M	-0.35M	-3.54M	-2.37M	-1.95M	-0.36M	-109.52M	-18.80M	-64.57M	-7.66M	-40.90M	-29.13M	-142.10M	-74.50M	211.20M
Long-Term Debt Issuance	-80.43M	-119.06M	-120.52M	-69.18M	-43.33M	-118.71M	-101.10M	-38.53M	-71.26M	-58.92M	-52.20M	8.03M	-40.44M	-43.18M	47.00M	-16.06M	3.34M	13.53M	-0.30M	-1.36M	-0.32M	-1.95M	-0.36M	-109.52M	-18.80M	-64.57M	93.64M	407.40M	522.80M	-142.10M	-74.50M	211.20M
Short-Term Debt Issuance	51.68M	-2.91M	0.00M	-14.10M	0.00M	0.00M	0.00M	-0.56M	0.00M	0.00M	0.00M	-4.72M	0.00M	-0.04M	-7.19M	7.81M	-8.92M	6.75M	-0.06M	-2.18M	-2.05M	0.00M	0.00M	0.00M	0.00M	0.00M	-101.30M	-448.30M	-551.93M	0.00M	0.00M	0.00M
Net Stock Issuance	-77.26M	-81.75M	-75.23M	-91.53M	-65.00M	-83.10M	-6.60M	-9.11M	-9.40M	-6.02M	-9.51M	-12.77M	1.14M	2.79M	0.00M	0.76M	1.83M	0.47M	2.98M	-2.26M	-20.99M	-7.23M	1.13M	-4.85M	0.00M	-0.83M	-3.92M	0.00M	0.00M	0.00M	0.00M	0.20M
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	1.14M	2.79M	0.00M	0.76M	1.83M	0.47M	2.98M	2.68M	5.88M	5.39M	8.65M	0.00M	0.00M	0.00M	110.00M	0.00M	0.00M	0.00M	0.00M	0.20M
Common Stock Repurchased	-77.26M	-81.75M	-75.23M	-91.53M	-65.00M	-83.10M	-6.60M	-9.11M	-9.40M	-6.02M	-9.51M	-12.77M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-4.95M	-26.87M	-12.62M	-7.53M	-4.85M	0.00M	-0.83M	-3.92M	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	-0.41M	-3.92M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-11.08M	-11.33M	-11.30M	-11.54M	-10.83M	-8.14M	-8.16M	-8.19M	-8.24M	-8.26M	-8.32M	-6.84M	-4.10M	-3.23M	-3.22M	-3.18M	-3.13M	-15.52M	-15.34M	-15.17M	-15.27M	-13.70M	-12.01M	-7.96M	0.00M	-2.49M	-4.12M	-4.30M	-4.30M	-4.30M	-4.49M	-5.08M
Common Dividends Paid	-11.08M	-11.33M	-11.30M	-11.54M	-10.83M	-8.14M	-8.16M	-8.19M	-8.24M	-8.26M	-8.32M	-6.84M	-4.10M	-3.23M	-3.22M	-3.18M	-3.13M	-15.52M	-15.34M	-15.17M	-15.27M	-13.70M	-12.01M	-7.96M	0.00M	0.00M	0.00M	0.00M	-4.30M	-4.60M	-4.49M	-5.08M
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	-2.49M	-4.12M	-4.30M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-58.57M	-23.36M	-26.30M	-10.26M	-8.82M	-37.70M	4.45M	-4.01M	-2.08M	-4.71M	-3.75M	3.85M	2.93M	7.65M	41.55M	-5.29M	-0.84M	-49.38M	0.69M	-0.12M	1.71M	-0.47M	7.49M	3.87M	3.09M	8.06M	7.69M	-7.64M	4.07M	10.55M	-3.91M	-11.10M
Net Cash from Financing Activities	-175.66M	-238.41M	-233.35M	-196.61M	-127.98M	-247.65M	-111.41M	-60.40M	-90.98M	-77.92M	-73.78M	-12.45M	-40.48M	-35.98M	78.14M	-15.95M	-7.72M	-44.15M	-12.03M	-21.08M	-36.92M	-23.36M	-3.75M	-118.45M	-15.71M	-59.83M	-8.02M	-52.83M	-29.35M	-136.15M	-82.90M	195.22M
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	0.00M	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	-29.86M	-101.04M	-134.78M	103.85M	81.75M	-227.33M	102.05M	11.72M	69.41M	5.53M	-50.69M	7.93M	51.69M	14.65M	-50.59M	38.72M	63.25M	-61.55M	7.08M	88.80M	-0.76M	-26.59M	65.62M	-34.39M	24.78M	-21.88M	32.42M	-0.22M	-2.66M	4.78M	-15.14M	13.49M
Cash at Beginning of Period	466.90M	902.17M	262.23M	158.37M	76.62M	303.95M	201.91M	190.19M	120.77M	115.24M	164.97M	157.04M	105.35M	90.70M	141.30M	102.58M	39.33M	100.88M	93.81M	5.01M	5.77M	32.36M	5.25M	39.64M	14.86M	36.74M	4.32M	4.54M	7.20M	2.43M	16.95M	3.46M
Cash at End of Period	437.04M	801.13M	127.44M	262.23M	158.37M	76.62M	303.95M	201.91M	190.19M	120.77M	114.28M	164.97M	157.04M	105.35M	90.70M	141.30M	102.58M	39.33M	100.88M	93.81M	5.01M	5.77M	70.87M	5.25M	39.64M	14.86M	36.74M	4.32M	4.54M	7.20M	1.81M	16.95M
Operating Cash Flow	241.09M	356.46M	285.85M	322.17M	470.82M	323.52M	205.99M	170.36M	255.35M	151.92M	110.26M	146.02M	143.77M	93.50M	84.53M	100.85M	26.29M	11.79M	105.34M	143.13M	168.46M	147.55M	136.97M	74.33M	88.67M	64.85M	127.74M	114.40M	72.27M	76.20M	30.20M	-66.22M
Capital Expenditure	-155.34M	-275.07M	-240.00M	-232.00M	-165.51M	-78.47M	-57.49M	-102.43M	-54.09M	-75.62M	-78.74M	-86.94M	-43.90M	-34.04M	-44.50M	-58.52M	-15.78M	-53.22M	-58.73M	-101.27M	-151.58M	-122.25M	-95.44M	-68.17M	-55.67M	-74.67M	-97.25M	-52.59M	-60.87M	-11.65M	-27.75M	-49.69M
Free Cash Flow	85.75M	81.39M	45.85M	90.17M	305.31M	245.04M	148.50M	67.93M	201.26M	76.29M	31.52M	59.08M	99.87M	59.47M	40.04M	42.33M	10.51M	-41.43M	46.61M	41.86M	16.88M	25.30M	41.53M	6.16M	33.00M	-9.82M	30.49M	61.81M	11.41M	64.55M	2.45M	-115.91M

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	1,425.57M	530.09M	499.09M	450.43M	638.97M	78.31M	-13.21M	-28.97M	344.61M	257.80M	265.82M	287.13M	273.58M	212.87M	172.15M	154.31M	295.25M	226.29M	366.25M	395.86M	1,295.04M	995.47M	904.97M	991.57M	684.29M	19.96M	906.19M	800.00M	117.51M	69.30M	8.20M	6.40M
(-) Tax Adjustment	368.17M	119.07M	103.49M	107.84M	154.11M	17.96M	-3.05M	-6.46M	69.93M	0.00M	90.54M	100.49M	94.67M	39.93M	60.25M	51.37M	103.34M	51.95M	128.19M	138.55M	453.27M	348.41M	316.74M	347.05M	239.50M	6.98M	317.17M	280.00M	41.13M	24.26M	2.87M	1.89M
(-) Change In Working Capital	-58.97M	41.35M	-13.04M	29.58M	31.14M	-4.09M	-1.47M	-28.02M	55.91M	-15.63M	-36.34M	-18.32M	-7.40M	-9.85M	8.01M	9.88M	-7.42M	-8.13M	-18.42M	-0.03M	8.47M	1.38M	5.73M	-19.48M	-8.16M	-27.06M	-10.52M	10.18M	-9.26M	-5.58M	1.40M	-81.60M
(-) Capital Expenditure	-155.34M	-275.07M	-240.00M	-232.00M	-165.51M	-78.47M	-57.49M	-102.43M	-54.09M	-75.62M	-78.74M	-86.94M	-43.90M	-34.04M	-44.50M	-58.52M	-15.78M	-53.22M	-58.73M	-101.27M	-151.58M	-122.25M	-95.44M	-68.17M	-55.67M	-74.67M	-97.25M	-52.59M	-60.87M	-11.65M	-27.75M	-49.69M
Unlevered Free Cash Flow	961.03M	94.60M	168.63M	81.00M	288.21M	-14.04M	-66.17M	-96.92M	164.68M	197.81M	132.87M	118.01M	142.41M	148.76M	59.39M	34.54M	183.56M	129.25M	197.75M	156.07M	681.73M	523.42M	487.05M	595.82M	397.28M	-34.64M	502.30M	457.23M	24.78M	38.98M	-23.82M	36.42M
(-) Net Interest Income After Taxes	-4.41M	3.80M	2.09M	4.29M	-2.92M	-5.92M	-6.21M	-3.90M	-4.43M	-5.05M	-2.39M	-2.03M	-1.53M	-2.85M	-2.90M	-1.92M	-1.08M	0.36M	3.09M	2.91M	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	-28.75M	-121.97M	-120.52M	-83.28M	-43.33M	-118.71M	-101.10M	-39.09M	-71.26M	-58.92M	-52.20M	3.31M	-40.44M	-43.18M	39.81M	-8.25M	-5.58M	20.28M	-0.35M	-3.54M	-2.37M	-1.95M	-0.36M	-109.52M	-18.80M	-64.57M	-7.66M	-40.90M	-29.13M	-142.10M	-74.50M	211.20M
Levered Free Cash Flow	936.69M	-31.16M	46.02M	-6.56M	247.80M	-126.82M	-161.06M	-132.11M	97.85M	143.93M	83.06M	123.35M	103.50M	108.43M	102.10M	28.22M	179.06M	149.17M	194.31M	149.62M	679.36M	521.47M	486.69M	486.31M	378.48M	-99.22M	494.64M	416.33M	-4.35M	-103.12M	-98.32M	247.62M