Valmont Industries, Inc. (VMI)

Industry: Conglomerates Sector: Industrials Currency Used: US Live Price: $443.58

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	1995
Stock Price	384.87	333.86	336.10	274.61	271.01	264.19	242.21	124.47	136.28	136.63	157.26	131.36	111.02	139.99	147.74	126.61	90.68	79.78	71.41	84.92	76.14	49.07	27.34	22.12	21.05	20.20	15.90	18.66	15.87	17.78	19.97	17.11	12.26
Market Capitalization	7,595.79M	6,613.43M	6,671.35M	5,524.01M	5,687.21M	5,630.38M	5,133.25M	2,650.45M	2,950.51M	3,050.89M	3,505.94M	2,963.02M	2,587.82M	3,609.91M	3,935.66M	3,351.69M	2,388.07M	2,084.84M	1,854.12M	2,192.12M	1,946.25M	1,233.03M	666.48M	529.46M	501.35M	484.97M	384.20M	435.12M	384.20M	474.53M	551.46M	459.16M	333.45M
(-) Cash & Equivalents	226.11M	208.53M	206.35M	174.28M	178.87M	163.98M	234.44M	372.94M	287.23M	452.77M	464.93M	370.35M	324.45M	441.98M	516.89M	377.29M	346.22M	339.60M	120.68M	67.13M	66.53M	47.33M	39.42M	28.67M	28.01M	18.47M	11.66M	14.75M	10.93M	9.03M	10.00M	11.03M	16.95M
(+) Total Debt	858.28M	861.09M	860.72M	1,089.48M	1,170.89M	1,103.13M	1,018.77M	867.68M	864.82M	809.56M	755.61M	758.82M	770.49M	639.70M	488.18M	488.29M	496.91M	466.27M	248.18M	301.03M	238.58M	233.29M	278.65M	287.84M	169.85M	187.49M	241.04M	228.85M	117.90M	81.53M	43.20M	48.23M	36.40M
Enterprise Value	8,227.97M	7,265.99M	7,325.72M	6,439.21M	6,679.24M	6,569.54M	5,917.58M	3,145.19M	3,528.09M	3,407.69M	3,796.62M	3,351.49M	3,033.86M	3,807.64M	3,906.95M	3,462.69M	2,538.77M	2,211.50M	1,981.62M	2,426.01M	2,118.31M	1,419.00M	905.72M	788.64M	643.19M	653.99M	613.58M	649.22M	491.18M	547.03M	584.66M	496.36M	352.90M

Income Statement

Metric	TTM	TTM-1	2024-12-28	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	4,103M	4,053M	4,075M	4,175M	4,345M	3,502M	2,895M	2,767M	2,757M	2,746M	2,522M	2,619M	3,123M	3,304M	3,030M	2,661M	1,976M	1,787M	1,907M	1,500M	1,281M	1,108M	1,031M	838M	855M	872M	846M	614M	606M	623M	645M	545M
Cost of Revenue	2,860M	2,842M	2,834M	2,939M	3,219M	2,618M	2,130M	2,084M	2,089M	2,064M	1,865M	1,998M	2,315M	2,359M	2,227M	1,995M	1,456M	1,255M	1,397M	1,100M	955M	830M	786M	630M	623M	655M	604M	445M	458M	437M	458M	387M
Gross Profit	1,244M	1,211M	1,241M	1,236M	1,126M	884M	766M	683M	668M	682M	656M	621M	808M	945M	802M	667M	520M	532M	510M	400M	327M	278M	246M	208M	231M	218M	242M	169M	148M	186M	187M	157M
Gross Profit Margin	30.3%	29.9%	30.5%	29.6%	25.9%	25.2%	26.4%	24.7%	24.2%	24.8%	26.0%	23.7%	25.9%	28.6%	26.5%	25.1%	26.3%	29.8%	26.8%	26.7%	25.5%	25.1%	23.8%	24.8%	27.1%	24.9%	28.6%	27.5%	24.4%	29.8%	29.0%	28.9%
R&D Expenses	0M	0M	59M	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	724M	712M	717M	768M	693M	591M	523M	455M	440M	415M	411M	447M	450M	472M	420M	404M	341M	294M	282M	244M	217M	195M	176M	153M	161M	153M	145M	123M	105M	107M	120M	103M
Operating Expenses	825M	743M	717M	944M	693M	597M	540M	455M	456M	415M	411M	489M	450M	472M	420M	404M	341M	294M	282M	244M	217M	195M	176M	153M	161M	153M	175M	145M	125M	124M	134M	116M
Operating Income (EBIT)	419M	468M	525M	292M	433M	287M	226M	228M	212M	267M	245M	132M	358M	473M	382M	263M	178M	238M	229M	156M	110M	83M	70M	55M	70M	65M	67M	25M	23M	62M	52M	42M
Operating Income Margin	10.2%	11.5%	12.9%	7.0%	10.0%	8.2%	7.8%	8.2%	7.7%	9.7%	9.7%	5.0%	11.5%	14.3%	12.6%	9.9%	9.0%	13.3%	12.0%	10.4%	8.6%	7.5%	6.8%	6.5%	8.2%	7.5%	7.9%	4.0%	3.8%	10.0%	8.1%	7.7%
Interest Income	8M	7M	7M	6M	2M	1M	2M	4M	5M	5M	3M	3M	6M	6M	8M	9M	5M	2M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	43M	62M	59M	57M	48M	43M	41M	40M	44M	45M	44M	45M	37M	33M	32M	36M	31M	16M	18M	17M	16M	20M	38M	13M	16M	21M	20M	9M	3M	2M	35M	2M
Net Interest Income	-34M	-55M	-52M	-51M	-46M	-41M	-39M	-36M	-40M	-40M	-41M	-41M	-31M	-26M	-23M	-27M	-26M	-14M	-16M	-17M	-16M	-20M	-38M	-13M	-16M	-21M	-20M	-9M	-3M	-2M	-35M	-2M
Unusual Items	-11M	-5M	-4M	-6M	-25M	14M	5M	8M	-19M	1M	16M	3M	-43M	2M	0M	-3M	1M	2M	-7M	2M	3M	2M	13M	4M	5M	4M	2M	27M	23M	-1M	15M	-1M
EBT Excluding Unusual Items	385M	413M	473M	241M	388M	245M	187M	192M	173M	227M	204M	90M	327M	447M	359M	236M	152M	224M	213M	138M	94M	63M	32M	41M	54M	44M	47M	16M	21M	60M	18M	40M
Pre-Tax Income	374M	408M	469M	235M	363M	259M	192M	200M	153M	228M	220M	93M	284M	449M	359M	234M	153M	226M	206M	140M	96M	64M	45M	46M	59M	48M	48M	42M	44M	59M	33M	39M
Pre-Tax Margin	9.1%	10.1%	11.5%	5.6%	8.4%	7.4%	6.6%	7.2%	5.6%	8.3%	8.7%	3.6%	9.1%	13.6%	11.9%	8.8%	7.7%	12.7%	10.8%	9.3%	7.5%	5.8%	4.4%	5.4%	6.9%	5.6%	5.7%	6.9%	7.2%	9.5%	5.1%	7.1%
Income Tax Expense	111M	102M	118M	90M	109M	61M	50M	48M	43M	106M	42M	47M	95M	158M	127M	-5M	55M	73M	70M	44M	31M	24M	16M	17M	22M	18M	18M	16M	16M	21M	12M	14M
Net Income	234M	299M	348M	143M	251M	196M	141M	146M	94M	116M	173M	40M	184M	278M	234M	228M	94M	154M	132M	95M	62M	39M	27M	25M	34M	27M	30M	26M	28M	38M	21M	25M
Net Income Margin	5.7%	7.4%	8.5%	3.4%	5.8%	5.6%	4.9%	5.3%	3.4%	4.2%	6.9%	1.5%	5.9%	8.4%	7.7%	8.6%	4.8%	8.6%	6.9%	6.3%	4.8%	3.5%	2.6%	3.0%	3.9%	3.1%	3.6%	4.3%	4.6%	6.0%	3.3%	4.6%
Depreciation & Amortization	90M	96M	95M	99M	97M	93M	83M	82M	83M	85M	82M	91M	89M	77M	70M	75M	60M	45M	40M	35M	37M	40M	38M	35M	34M	36M	30M	22M	20M	16M	15M	12M
EBITDA	509M	564M	620M	390M	530M	379M	309M	310M	295M	352M	328M	223M	447M	551M	453M	338M	238M	283M	268M	191M	147M	123M	109M	89M	104M	101M	98M	46M	43M	78M	67M	54M
EBITDA Margin	12.4%	13.9%	15.2%	9.3%	12.2%	10.8%	10.7%	11.2%	10.7%	12.8%	13.0%	8.5%	14.3%	16.7%	14.9%	12.7%	12.1%	15.8%	14.1%	12.7%	11.4%	11.1%	10.5%	10.7%	12.2%	11.6%	11.5%	7.6%	7.1%	12.6%	10.4%	10.0%
NOPAT	295M	351M	393M	180M	304M	219M	167M	173M	152M	143M	199M	65M	238M	307M	248M	268M	114M	161M	150M	107M	75M	52M	45M	35M	45M	41M	42M	15M	15M	39M	34M	27M
NOPAT Margin	7.2%	8.7%	9.6%	4.3%	7.0%	6.2%	5.8%	6.3%	5.5%	5.2%	7.9%	2.5%	7.6%	9.3%	8.2%	10.1%	5.8%	9.0%	7.9%	7.1%	5.8%	4.6%	4.4%	4.2%	5.2%	4.7%	5.0%	2.5%	2.4%	6.3%	5.2%	4.9%
Owner's Earnings	268M	315M	364M	145M	255M	180M	117M	131M	105M	146M	198M	86M	200M	249M	207M	220M	118M	155M	121M	73M	70M	44M	48M	42M	54M	37M	14M	8M	-12M	15M	-1M	2M
Owner's Earnings Margin	6.5%	7.8%	8.9%	3.5%	5.9%	5.2%	4.0%	4.7%	3.8%	5.3%	7.8%	3.3%	6.4%	7.5%	6.8%	8.3%	6.0%	8.7%	6.4%	4.9%	5.5%	3.9%	4.7%	5.1%	6.3%	4.3%	1.7%	1.3%	-1.9%	2.4%	-0.1%	0.4%
EPS (Basic)	11.72	14.81	17.31	6.85	11.77	9.23	6.60	6.76	4.23	5.16	7.68	1.72	7.15	10.45	8.84	8.67	3.62	5.80	5.13	3.71	2.44	1.61	1.13	1.07	1.40	1.10	1.31	1.09	1.04	1.36	0.76	0.90
EPS (Diluted)	11.67	14.66	17.19	6.78	11.62	9.10	6.57	6.73	4.20	5.11	7.63	1.71	7.09	10.35	8.75	8.60	3.57	5.86	5.04	3.63	2.38	1.54	1.10	1.05	1.37	1.09	1.28	1.08	1.02	1.33	0.76	0.90
Shares (Basic)	20M	20M	20M	21M	21M	21M	21M	22M	22M	23M	23M	23M	26M	27M	26M	26M	26M	26M	26M	26M	25M	24M	24M	24M	24M	24M	23M	24M	27M	28M	28M	27M
Shares (Diluted)	20M	20M	20M	21M	22M	21M	21M	22M	22M	23M	23M	23M	26M	27M	27M	27M	26M	26M	26M	26M	26M	25M	24M	24M	25M	24M	24M	24M	27M	28M	28M	27M

Product Segments

Metric	TTM	TTM-1	2024-12-28	2023-12-30	2022-12-31	2021-12-25	2020-12-26	2019-12-28	2018-12-29	2017-12-30	2016-12-31	2015-12-26	2014-12-27	2013-12-28	2012-12-29	2011-12-31
Agriculture	798.03M	—	1,083.71M	—	—	—	—	—	—	—	—	—	—	—	—	—
All Other Segments	—	—	—	—	—	—	—	—	—	—	—	—	231.67M	—	34.84M	30.55M
Coatings	84.36M	428.84M	—	345.31M	341.38M	—	—	—	—	—	—	—	—	—	—	—
Coatings Segment	—	—	—	—	—	—	—	—	—	318.89M	289.48M	302.39M	333.85M	357.64M	52.48M	46.53M
Energy and Mining Segment	—	—	—	—	—	—	—	—	—	—	322.64M	337.86M	—	—	—	—
Engineered Infrastructure Products Segment	—	—	—	—	—	—	—	—	—	—	—	—	146.43M	1,001.81M	48.79M	25.00M
Engineered Support Structures Segment	—	—	—	—	—	—	—	—	—	938.10M	800.53M	771.45M	—	—	—	—
Infrastructure	2,280.03M	—	3,008.58M	—	—	—	—	—	—	—	—	—	—	—	—	—
Irrigation Equipment and Parts, excluding Technology	253.50M	1,239.42M	—	1,062.16M	1,220.20M	—	—	—	—	—	—	—	—	—	—	—
Irrigation Segment	—	—	—	—	—	—	—	—	—	652.43M	575.20M	612.20M	759.18M	882.18M	0.05M	0.11M
Lighting And Transportation	189.25M	1,183.69M	—	964.07M	940.46M	—	—	—	—	—	—	—	—	—	—	—
Other Segments	—	—	—	—	—	—	—	—	—	0.00M	0.00M	7.25M	—	303.60M	—	—
Product	—	—	—	—	—	3,159.61M	2,594.86M	2,434.19M	2,437.33M	—	—	—	—	—	—	—
Renewable Energy	35.53M	226.02M	—	194.32M	223.12M	—	—	—	—	—	—	—	—	—	—	—
Service	—	—	—	—	—	341.97M	300.50M	332.79M	319.81M	—	—	—	—	—	—	—
Telecommunications	74.12M	292.94M	—	252.17M	320.34M	—	—	—	—	—	—	—	—	—	—	—
Transmission, Distribution and Substation	—	1,605.39M	—	1,243.77M	1,184.66M	—	—	—	—	—	—	—	—	—	—	—
Utility Support Structures Segment	—	—	—	—	—	—	—	—	—	859.12M	631.55M	674.58M	825.02M	962.04M	3.86M	4.11M

Geographic Segments

Metric	TTM	TTM-1	2024-12-28	2023-12-30	2022-12-31	2021-12-25	2020-12-26	2019-12-28	2018-12-29	2017-12-30	2016-12-31	2015-12-26	2014-12-27	2013-12-28	2012-12-29	2011-12-31
AU	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	491.40M
AUSTRALIA	—	—	310.10M	313.08M	292.07M	297.72M	252.25M	255.27M	325.55M	356.96M	315.47M	347.98M	—	492.70M	499.03M	—
BRAZIL	—	—	200.95M	311.37M	354.50M	200.40M	—	—	—	—	—	—	—	—	—	—
C	—	—	—	—	—	—	—	—	—	—	—	—	110.92M	—	—	—
CHINA	—	—	—	—	—	—	—	—	—	—	—	—	—	97.79M	135.40M	—
D	—	—	—	—	—	—	—	—	—	—	—	—	146.43M	—	—	—
DENMARK	—	—	—	—	100.22M	123.00M	120.06M	90.21M	92.56M	100.77M	99.72M	98.63M	—	—	—	—
FR	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	79.33M
FRANCE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	74.22M	—
Other Countries	—	—	707.96M	689.21M	632.79M	620.25M	603.90M	548.66M	567.64M	585.41M	571.17M	585.62M	617.83M	635.91M	450.20M	468.72M
U	—	—	—	—	—	—	—	—	—	—	—	—	1,808.43M	—	—	—
UNITED STATES	—	—	2,856.03M	2,860.95M	2,965.67M	2,260.20M	1,919.14M	1,872.84M	1,771.39M	1,702.83M	1,535.32M	1,586.70M	—	2,077.81M	1,870.70M	—
US	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1,473.82M

Balance Sheet

Metric	MRQ	MRQ-1	2024-12-28	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	226.11M	208.53M	164.32M	203.04M	185.41M	177.23M	400.73M	353.54M	313.21M	492.81M	399.95M	349.07M	371.58M	613.71M	414.13M	362.89M	346.90M	180.79M	68.57M	106.53M	63.50M	46.87M	30.21M	33.35M	19.51M	24.52M	23.18M	14.90M	7.60M	11.50M	9.50M	17.00M
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	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	226.11M	208.53M	164.32M	203.04M	185.41M	177.23M	400.73M	353.54M	313.21M	492.81M	399.95M	349.07M	371.58M	613.71M	414.13M	362.89M	346.90M	180.79M	68.57M	106.53M	63.50M	46.87M	30.21M	33.35M	19.51M	24.52M	23.18M	14.90M	7.60M	11.50M	9.50M	17.00M
Net Receivables	614.67M	860.44M	841.62M	834.41M	778.72M	723.05M	635.21M	628.27M	601.06M	531.33M	445.94M	466.44M	536.92M	581.14M	515.90M	470.50M	410.57M	259.52M	327.62M	254.47M	230.79M	195.48M	188.51M	151.77M	132.70M	134.63M	140.40M	106.80M	115.80M	110.50M	82.20M	82.20M
Inventory	591.35M	581.36M	590.26M	658.43M	728.76M	728.83M	448.94M	374.57M	383.57M	420.95M	350.03M	340.67M	359.52M	380.00M	412.38M	393.78M	280.22M	210.61M	313.41M	219.99M	194.28M	158.33M	186.99M	116.48M	120.84M	108.96M	130.68M	85.40M	77.70M	79.40M	100.30M	76.40M
Other Current Assets	324.87M	93.39M	87.20M	91.75M	87.70M	0.00M	11.27M	0.00M	0.00M	0.00M	0.00M	24.53M	68.01M	0.00M	58.38M	0.00M	32.73M	42.36M	32.38M	22.87M	0.00M	0.00M	14.39M	10.90M	17.01M	11.72M	18.81M	12.90M	18.80M	16.50M	18.80M	10.20M
Total Current Assets	1,757.00M	1,743.73M	1,683.39M	1,787.63M	1,780.59M	1,629.12M	1,496.15M	1,356.38M	1,297.84M	1,445.09M	1,195.92M	1,180.72M	1,336.03M	1,574.84M	1,400.80M	1,227.18M	1,070.42M	693.28M	741.98M	603.86M	488.57M	400.67M	420.10M	312.49M	290.06M	279.84M	313.06M	220.00M	219.90M	217.90M	210.80M	185.80M
Property, Plant & Equipment	642.89M	621.68M	588.97M	617.39M	595.58M	598.61M	597.73M	558.13M	513.99M	518.93M	518.34M	532.49M	606.45M	534.21M	512.61M	454.88M	439.61M	283.09M	269.32M	232.68M	200.61M	194.68M	205.66M	190.10M	193.18M	209.58M	208.27M	173.90M	157.40M	140.80M	120.60M	113.50M
Goodwill	700.00M	571.68M	623.85M	632.96M	739.86M	708.57M	430.32M	428.86M	385.21M	337.72M	321.11M	336.92M	385.11M	349.63M	330.79M	314.66M	314.85M	178.32M	175.29M	116.13M	108.33M	106.70M	0.00M	56.02M	55.67M	94.72M	78.80M	0.00M	29.60M	0.00M	0.00M	0.00M
Intangible Assets	100.00M	126.64M	134.08M	150.69M	176.62M	175.36M	167.19M	175.74M	175.96M	138.60M	144.38M	170.20M	202.00M	170.92M	172.27M	168.08M	185.54M	96.38M	104.51M	58.34M	56.33M	60.14M	169.36M	14.36M	15.65M	0.00M	66.83M	25.40M	0.00M	0.00M	0.00M	0.00M
Long-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	0.00M	0.00M	0.00M	0.00M
Tax 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
Other Non-Current Assets	168.11M	281.66M	299.68M	288.77M	264.36M	251.95M	203.29M	212.26M	114.48M	134.44M	154.69M	125.93M	143.16M	123.90M	126.94M	115.51M	56.53M	28.96M	21.37M	23.86M	32.38M	32.22M	32.59M	23.20M	19.15M	0.00M	0.00M	0.00M	0.10M	9.40M	10.20M	9.40M
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	1,611.00M	1,601.66M	1,646.58M	1,689.82M	1,776.41M	1,734.49M	1,398.54M	1,374.99M	1,189.63M	1,129.69M	1,138.52M	1,165.53M	1,336.73M	1,178.65M	1,142.61M	1,053.13M	996.52M	586.75M	570.49M	431.02M	397.65M	393.73M	407.60M	283.69M	283.64M	304.30M	353.91M	199.30M	187.10M	150.20M	130.80M	122.90M
Total Assets	3,368.00M	3,345.38M	3,329.97M	3,477.45M	3,557.00M	3,363.60M	2,894.68M	2,731.37M	2,487.47M	2,574.77M	2,334.43M	2,346.25M	2,672.76M	2,753.50M	2,543.41M	2,280.31M	2,066.94M	1,280.03M	1,312.47M	1,034.88M	886.22M	794.40M	827.70M	596.18M	573.70M	584.13M	666.97M	419.30M	407.00M	368.10M	341.60M	308.70M
Accounts Payable	377.26M	385.33M	372.20M	358.31M	360.31M	347.84M	268.10M	197.96M	218.12M	227.91M	177.49M	179.98M	196.57M	216.12M	212.42M	216.73M	179.81M	118.21M	136.87M	128.60M	103.32M	90.67M	69.98M	63.26M	55.20M	57.03M	63.01M	46.80M	46.00M	48.70M	43.70M	46.90M
Short-Term Debt	0.57M	0.62M	2.36M	3.92M	7.04M	18.32M	37.90M	22.53M	11.46M	1.13M	1.60M	2.05M	15.13M	19.23M	13.60M	11.64M	9.06M	12.13M	20.46M	37.52M	31.47M	18.50M	12.64M	30.51M	14.00M	22.38M	46.96M	23.20M	31.20M	25.90M	31.70M	11.50M
Tax Payables	36.17M	25.94M	22.51M	0.73M	3.66M	0.00M	9.95M	6.95M	4.58M	11.49M	6.60M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	132.41M	126.93M	70.98M	172.92M	135.75M	130.02M	117.95M	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	115.68M	106.70M	143.03M	130.86M	124.36M	144.56M	137.94M	83.53M	79.29M	84.43M	72.40M	70.35M	87.95M	122.97M	101.91M	83.61M	0.00M	0.00M	0.00M	2.72M	2.44M	2.11M	1.93M	1.92M	1.79M	1.60M	1.52M	51.40M	43.30M	48.90M	54.00M	46.40M
Total Current Liabilities	529.69M	651.00M	667.03M	564.80M	668.29M	646.47M	583.90M	428.91M	313.44M	324.95M	258.09M	252.39M	299.65M	358.31M	327.93M	311.98M	188.88M	130.34M	157.32M	168.84M	137.22M	111.28M	84.56M	95.69M	70.99M	81.01M	111.48M	121.40M	120.50M	123.50M	129.40M	104.80M
Long-Term Debt	730.09M	730.04M	729.94M	1,107.89M	870.94M	947.07M	728.43M	764.94M	741.82M	753.89M	754.80M	756.92M	766.65M	470.91M	472.59M	474.42M	468.60M	160.25M	337.13M	200.74M	202.78M	218.76M	314.81M	134.65M	155.54M	186.95M	201.98M	104.30M	90.50M	20.70M	21.90M	28.70M
Capital Lease Obligations	127.62M	130.43M	134.53M	162.74M	155.47M	147.76M	80.20M	85.82M	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	50.00M	4.82M	6.34M	21.21M	41.09M	47.85M	41.69M	58.91M	43.49M	34.91M	35.80M	35.67M	71.80M	78.92M	88.30M	85.50M	89.92M	49.28M	45.12M	35.55M	34.99M	43.20M	42.64M	22.75M	18.24M	15.07M	15.42M	11.10M	12.00M	9.00M	9.50M	10.50M
Other Non-Current Liabilities	14.48M	57.49M	54.12M	45.44M	43.80M	125.12M	221.70M	194.03M	200.41M	258.66M	268.70M	268.03M	243.60M	245.24M	188.22M	140.18M	175.18M	27.51M	22.48M	24.31M	28.05M	24.89M	22.83M	22.12M	15.37M	15.95M	16.61M	4.70M	4.20M	3.80M	3.30M	3.20M
Total Non-Current Liabilities	922.20M	922.78M	924.93M	1,337.27M	1,111.29M	1,267.80M	1,072.02M	1,103.69M	985.72M	1,047.46M	1,059.30M	1,060.62M	1,082.05M	795.07M	749.11M	700.10M	733.70M	237.05M	404.73M	260.59M	265.82M	286.85M	380.29M	179.52M	189.15M	217.96M	234.01M	120.10M	106.70M	33.50M	34.70M	42.40M
Total Liabilities	1,451.88M	1,573.78M	1,591.96M	1,902.07M	1,779.58M	1,914.27M	1,655.92M	1,532.60M	1,299.16M	1,372.41M	1,317.39M	1,313.01M	1,381.70M	1,153.38M	1,077.04M	1,012.08M	922.58M	367.39M	562.05M	429.43M	403.04M	398.13M	464.84M	275.20M	260.14M	298.96M	345.49M	241.50M	227.20M	157.00M	164.10M	147.20M
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	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	27.90M	14.00M	14.00M
Retained Earnings	1,595.75M	2,956.36M	2,940.84M	2,643.61M	2,593.04M	2,394.31M	2,245.04M	2,173.80M	2,027.60M	1,954.34M	1,874.72M	1,729.68M	1,718.66M	1,562.67M	1,300.53M	1,079.70M	850.27M	767.40M	624.25M	496.39M	405.57M	357.03M	324.75M	306.92M	289.11M	264.85M	244.86M	220.50M	200.40M	179.40M	153.10M	137.00M
Accumulated OCI	97.94M	-278.52M	-332.78M	-273.24M	-274.91M	-263.13M	-309.79M	-313.42M	-303.19M	-279.02M	-346.36M	-267.22M	-134.43M	-47.69M	43.94M	64.05M	63.65M	16.95M	-0.53M	17.00M	3.63M	-6.18M	1.21M	-2.15M	-10.05M	-11.96M	-6.96M	-5.10M	-2.80M	-2.00M	3.40M	7.20M
Minority Interest	71.47M	84.06M	51.52M	62.79M	60.87M	26.75M	25.77M	45.41M	75.76M	38.96M	39.10M	46.77M	48.57M	22.82M	57.10M	50.95M	94.24M	22.05M	16.85M	10.37M	8.29M	7.37M	10.11M	8.24M	6.58M	6.08M	6.73M	7.30M	3.90M	4.00M	2.30M	2.20M
Total Shareholders’ Equity	1,721.59M	2,705.74M	2,635.96M	2,398.27M	2,346.03M	2,159.08M	1,963.15M	1,888.28M	1,752.31M	1,703.22M	1,556.26M	1,490.36M	1,612.13M	1,542.89M	1,372.37M	1,171.65M	941.81M	812.25M	651.62M	541.28M	437.09M	378.74M	353.86M	332.67M	306.96M	280.80M	265.80M	243.30M	225.50M	205.30M	170.50M	158.20M
Total Equity	1,793.06M	2,789.80M	2,687.48M	2,461.06M	2,406.90M	2,185.83M	1,988.92M	1,933.69M	1,828.07M	1,742.18M	1,595.37M	1,537.13M	1,660.70M	1,565.71M	1,429.47M	1,222.60M	1,036.05M	834.30M	668.47M	551.66M	445.38M	386.11M	363.96M	340.92M	313.54M	286.88M	272.53M	250.60M	229.40M	209.30M	172.80M	160.40M
Total Liabilities & Equity	3,244.94M	4,363.58M	4,279.44M	4,363.14M	4,186.47M	4,100.10M	3,644.84M	3,466.29M	3,127.23M	3,114.59M	2,912.75M	2,850.14M	3,042.40M	2,719.09M	2,506.50M	2,234.67M	1,958.63M	1,201.68M	1,230.52M	981.09M	848.42M	784.24M	828.80M	616.12M	573.68M	585.84M	618.02M	492.10M	456.60M	366.30M	336.90M	307.60M
Tangible Assets	2,568.00M	2,647.06M	2,572.04M	2,693.80M	2,640.52M	2,479.67M	2,297.17M	2,126.76M	1,926.31M	2,098.45M	1,868.95M	1,839.13M	2,085.64M	2,232.95M	2,040.35M	1,797.57M	1,566.56M	1,005.33M	1,032.67M	860.40M	721.56M	627.56M	658.34M	525.80M	502.39M	489.42M	521.33M	393.90M	377.40M	368.10M	341.60M	308.70M
Tangible Equity	993.06M	2,091.48M	1,929.55M	1,677.41M	1,490.42M	1,301.90M	1,391.41M	1,329.08M	1,266.91M	1,265.86M	1,129.88M	1,030.02M	1,073.59M	1,045.16M	926.40M	739.85M	535.67M	559.60M	388.67M	377.18M	280.72M	219.28M	194.60M	270.54M	242.22M	192.16M	126.89M	225.20M	199.80M	209.30M	172.80M	160.40M
Tangible Book Value	993.06M	2,091.48M	1,929.55M	1,677.41M	1,490.42M	1,301.90M	1,391.41M	1,329.08M	1,266.91M	1,265.86M	1,129.88M	1,030.02M	1,073.59M	1,045.16M	926.40M	739.85M	535.67M	559.60M	388.67M	377.18M	280.72M	219.28M	194.60M	270.54M	242.22M	192.16M	126.89M	225.20M	199.80M	209.30M	172.80M	160.40M
Total 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	0.00M	0.00M	0.00M	0.00M
Net Debt	504.56M	522.13M	567.99M	908.77M	692.57M	788.16M	365.60M	433.94M	440.07M	262.21M	356.44M	409.90M	410.21M	-123.57M	72.06M	123.16M	130.75M	-8.40M	289.02M	131.72M	170.75M	190.39M	297.25M	131.82M	150.03M	184.81M	225.76M	112.60M	114.10M	35.10M	44.10M	23.20M

Capital Metrics

Metric	MRQ	MRQ-1	2024-12-28	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	978.4M	934.1M	872.0M	1,064.5M	976.6M	946.9M	887.2M	874.6M	931.6M	1,069.6M	903.4M	860.3M	995.7M	1,161.3M	1,013.5M	844.9M	747.3M	458.6M	475.2M	350.6M	277.7M	229.2M	277.4M	169.6M	154.1M	145.6M	145.6M	98.6M	99.4M	94.4M	81.4M	81.0M
Total Capital	2,454.0M	2,390.0M	2,408.9M	2,628.8M	2,614.3M	2,500.0M	2,028.6M	2,017.6M	1,813.0M	1,867.9M	1,699.9M	1,677.4M	1,983.6M	2,012.2M	1,836.1M	1,633.0M	1,393.6M	958.6M	981.7M	748.9M	635.5M	565.9M	622.1M	430.7M	411.6M	435.1M	440.8M	298.0M	297.6M	253.7M	228.8M	199.5M
Capital Employed	2,589.4M	2,535.8M	2,518.5M	2,754.3M	2,753.0M	2,681.4M	2,285.8M	2,249.6M	2,121.2M	2,199.3M	2,041.9M	2,032.9M	2,332.5M	2,339.9M	2,156.1M	1,898.0M	1,743.8M	1,045.4M	1,045.7M	781.6M	675.4M	622.9M	685.0M	453.3M	437.8M	449.8M	420.7M	297.9M	286.5M	244.6M	212.2M	203.9M
Invested Capital	2,227.9M	2,181.5M	2,244.6M	2,425.8M	2,428.9M	2,322.8M	1,627.9M	1,664.1M	1,499.8M	1,375.0M	1,299.9M	1,328.3M	1,612.0M	1,398.5M	1,422.0M	1,270.1M	1,046.6M	777.9M	913.1M	642.3M	572.0M	519.1M	591.9M	397.3M	392.0M	410.6M	417.7M	283.1M	290.0M	242.2M	219.3M	182.5M

Cash Flow Statement

Metric	TTM	TTM-1	2024-12-28	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	167.14M	306.27M	350.62M	144.91M	254.25M	197.73M	142.15M	159.47M	100.31M	122.32M	178.39M	45.33M	189.32M	280.46M	238.92M	237.23M	100.41M	153.94M	132.40M	94.71M	61.54M	39.08M	26.88M	25.49M	33.63M	26.69M	30.40M	26.40M	27.60M	37.50M	21.20M	24.80M
Depreciation & Amortization	46.37M	95.61M	95.40M	98.71M	97.17M	92.58M	82.89M	82.26M	82.83M	84.96M	82.42M	91.14M	89.33M	77.44M	70.22M	74.56M	59.66M	44.75M	39.60M	35.18M	36.54M	39.81M	38.64M	34.60M	33.94M	36.32M	30.27M	21.90M	19.80M	16.40M	14.80M	12.40M
Deferred Income Tax	1.74M	-22.05M	-24.66M	-18.65M	-1.23M	0.07M	-1.40M	3.94M	-1.66M	39.76M	-23.69M	4.86M	5.25M	-10.14M	3.72M	-84.96M	5.02M	7.38M	-4.50M	-1.62M	-11.03M	-1.95M	-4.70M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	15.42M	32.07M	29.87M	39.22M	41.85M	28.72M	14.87M	11.59M	10.39M	10.71M	9.93M	7.24M	6.73M	6.51M	5.83M	5.93M	7.15M	6.59M	4.74M	0.00M	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	18.84M	103.45M	128.23M	-80.56M	-56.09M	-284.74M	52.28M	80.23M	-54.56M	-74.08M	10.19M	71.89M	-98.38M	34.21M	-108.47M	-69.31M	-26.27M	136.94M	-125.13M	-16.28M	-34.21M	52.88M	-59.76M	-10.36M	-2.88M	43.32M	-53.68M	17.30M	-5.00M	-32.00M	-16.80M	-8.30M
Accounts Receivable	16.30M	-52.44M	-41.32M	-46.31M	-74.16M	-69.28M	-24.40M	5.41M	12.57M	-49.11M	24.62M	50.27M	0.91M	-12.71M	-84.89M	-9.63M	-47.12M	50.12M	-49.36M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	17.76M	82.34M	45.64M	88.43M	-3.43M	-289.94M	-21.89M	12.31M	-13.77M	-57.44M	-11.46M	3.30M	21.46M	13.43M	-13.61M	-118.87M	22.32M	107.25M	-83.41M	-13.64M	-28.62M	24.89M	-48.89M	9.00M	-10.17M	35.71M	-40.89M	-8.50M	4.10M	-7.70M	-16.30M	-9.70M
Accounts Payable	2.22M	-3.05M	24.80M	-10.53M	36.99M	89.42M	33.04M	-21.41M	-1.49M	39.41M	0.10M	-6.81M	-34.32M	12.45M	-6.25M	42.64M	-0.87M	-19.72M	9.99M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	-17.45M	76.60M	99.11M	-112.16M	-15.49M	-14.94M	65.53M	83.92M	-51.88M	-6.93M	-3.08M	25.13M	-86.42M	21.03M	-3.72M	16.55M	-0.60M	-0.70M	-2.34M	-2.63M	-5.59M	27.99M	-10.87M	-19.36M	7.29M	7.60M	-12.79M	25.80M	-9.10M	-24.30M	-0.50M	1.40M
Other Non-Cash Items	289.15M	-20.20M	-6.79M	123.15M	-9.69M	31.58M	25.49M	-29.88M	15.71M	-37.94M	-38.08M	51.80M	-18.16M	7.97M	-13.12M	-13.78M	6.25M	-0.07M	5.47M	-5.27M	2.60M	3.96M	5.08M	10.06M	4.76M	3.50M	4.00M	-1.70M	-0.40M	1.40M	0.60M	-0.30M
Net Cash from Operating Activities	538.66M	495.17M	572.68M	306.78M	326.27M	65.94M	316.29M	307.61M	153.01M	145.72M	219.17M	272.27M	174.10M	396.44M	197.10M	149.67M	152.22M	349.52M	52.58M	110.25M	59.13M	133.78M	6.15M	59.78M	69.45M	109.84M	10.98M	63.90M	42.00M	23.30M	19.80M	28.60M
Capital Expenditures (PPE)	-55.94M	-79.37M	-79.45M	-96.77M	-93.29M	-107.79M	-106.70M	-97.43M	-71.99M	-55.27M	-57.92M	-45.47M	-73.02M	-106.75M	-97.07M	-83.07M	-36.09M	-44.13M	-50.88M	-56.61M	-27.90M	-35.12M	-17.18M	-17.68M	-13.94M	-25.65M	-46.46M	-40.60M	-59.10M	-39.10M	-36.90M	-34.80M
Acquisitions (Net)	3.83M	-0.75M	0.00M	-26.31M	-39.29M	-312.50M	-15.86M	-81.84M	-143.02M	-5.36M	-5.88M	-12.78M	-185.71M	-63.15M	-45.69M	2.17M	-237.67M	0.00M	-142.88M	-22.64M	-3.86M	0.00M	-125.45M	0.00M	0.00M	-34.08M	-63.17M	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	-1.28M	-6.17M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-4.82M	0.00M	0.00M	0.00M	0.00M	0.34M	0.28M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	11.98M	6.17M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.45M	0.00M	0.00M	0.08M	0.00M	0.06M	0.32M	8.30M	0.00M	0.00M	0.00M	1.70M
Other Investing Activities	-90.37M	-0.99M	0.57M	7.80M	0.50M	2.98M	7.83M	11.12M	59.56M	11.01M	4.87M	10.08M	1.87M	38.18M	6.07M	-3.16M	11.05M	0.53M	-0.85M	8.21M	-3.60M	4.77M	-8.05M	-3.51M	0.22M	-2.39M	-0.76M	0.20M	2.30M	29.10M	-0.50M	2.10M
Net Cash from Investing Activities	-142.48M	-81.11M	-78.88M	-115.28M	-132.08M	-417.31M	-104.03M	-168.15M	-155.45M	-49.62M	-53.05M	-48.17M	-256.86M	-131.72M	-136.69M	-84.06M	-262.71M	-43.60M	-194.62M	-71.04M	-36.74M	-30.35M	-150.67M	-21.12M	-13.73M	-61.72M	-109.79M	-32.10M	-56.80M	-10.00M	-37.40M	-31.00M
Net Debt Issuance	-167.73M	-82.35M	-379.56M	231.97M	-89.98M	200.93M	-32.79M	31.56M	-2.32M	-1.47M	-2.21M	-1.10M	289.88M	5.19M	1.39M	9.29M	305.32M	-185.62M	115.13M	2.17M	-10.01M	-89.98M	149.31M	-16.25M	-39.99M	-38.92M	115.36M	4.90M	70.40M	-5.20M	14.40M	-5.70M
Long-Term Debt Issuance	-168.09M	-80.93M	-378.07M	235.26M	-82.40M	221.17M	-32.79M	20.23M	-12.86M	-0.89M	-2.01M	-1.10M	294.35M	-0.32M	-0.44M	6.59M	308.40M	-177.97M	113.42M	0.43M	-11.20M	-90.43M	171.81M	-16.25M	-39.99M	-38.92M	115.36M	4.90M	70.40M	-5.20M	14.40M	-5.70M
Short-Term Debt Issuance	0.36M	-1.42M	-1.49M	-3.30M	-7.58M	-20.24M	0.00M	11.33M	10.54M	-0.59M	-0.20M	-12.85M	-4.47M	5.51M	1.83M	2.70M	-3.08M	-7.65M	1.71M	1.74M	1.20M	0.45M	-22.50M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-147.78M	-241.35M	-70.07M	-345.28M	-58.44M	-47.65M	-70.98M	-62.92M	-114.81M	0.00M	-56.11M	-169.76M	-395.88M	-9.08M	0.00M	-4.80M	0.33M	0.21M	-0.99M	0.16M	-5.35M	4.19M	3.60M	-2.77M	-12.56M	-0.30M	-1.40M	-22.20M	-53.00M	-0.20M	0.40M	0.70M
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	0.00M	0.00M	0.00M	20.01M	4.46M	4.94M	7.52M	10.05M	29.23M	14.10M	6.31M	1.19M	8.59M	1.26M	2.57M	0.60M	3.30M	3.10M	2.10M	1.20M
Common Stock Repurchased	-147.78M	-241.35M	-70.07M	-345.28M	-40.47M	-26.10M	-56.49M	-62.92M	-114.81M	0.00M	-53.80M	-168.98M	-395.05M	0.00M	0.00M	-4.80M	-5.34M	-4.74M	-8.50M	-9.89M	-34.58M	-9.91M	-2.70M	-3.97M	-21.15M	-1.56M	-3.97M	-22.80M	-56.30M	-3.30M	-1.70M	-0.50M
Preferred Stock Issuance	0.00M	0.49M	0.00M	0.00M	-17.97M	-21.55M	-14.49M	0.00M	0.00M	0.00M	-2.31M	-0.78M	-0.83M	7.02M	0.00M	0.00M	-4.47M	0.00M	0.00M	0.00M	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	-51.34M	-48.87M	-48.36M	-49.52M	-45.81M	-41.41M	-36.93M	-32.64M	-33.73M	-33.86M	-34.05M	-35.36M	-32.44M	-25.41M	-21.52M	-23.19M	-29.66M	-14.70M	-12.25M	-10.31M	-9.09M	-8.04M	-7.65M	-7.41M	-6.76M	-6.31M	-6.06M	-6.30M	-6.60M	-5.80M	-4.80M	-3.60M
Common Dividends Paid	-51.34M	-48.87M	-48.36M	-49.52M	-45.81M	-41.41M	-36.93M	-32.64M	-33.73M	-33.86M	-34.05M	-35.36M	-32.44M	-25.41M	-21.52M	-18.23M	-16.59M	-14.70M	-12.25M	-10.31M	-9.09M	-8.04M	-7.65M	-7.41M	-6.76M	-6.31M	-6.06M	-6.30M	-6.60M	-5.80M	-4.80M	-3.60M
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	-0.96M	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
Other Financing Activities	-1.62M	-18.22M	-24.58M	-13.58M	12.33M	21.63M	-33.05M	-34.95M	-11.26M	3.32M	-2.79M	-13.79M	-1.32M	-8.08M	3.78M	-32.17M	-19.38M	2.67M	7.40M	7.77M	17.50M	0.00M	-5.52M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.10M	0.00M	-2.20M
Net Cash from Financing Activities	-368.46M	-390.79M	-522.56M	-176.41M	-181.91M	133.50M	-173.76M	-98.95M	-162.11M	-32.01M	-95.16M	-220.01M	-139.76M	-37.38M	-16.36M	-45.91M	269.69M	-198.40M	109.29M	-0.21M	-6.95M	-93.83M	139.74M	-26.44M	-59.31M	-45.53M	107.91M	-23.60M	10.80M	-11.30M	10.00M	-10.80M
Effect of FX on Cash	-2.09M	4.65M	-9.97M	2.55M	-4.11M	-5.62M	8.68M	-0.18M	-15.05M	28.77M	-20.09M	-26.60M	-19.60M	-27.76M	7.19M	-3.71M	6.93M	4.69M	-5.22M	4.03M	1.19M	-0.18M	1.65M	1.61M	-1.43M	-1.24M	-0.86M	-0.80M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	25.63M	27.91M	-38.73M	17.64M	8.17M	-223.49M	47.18M	40.33M	-179.60M	92.86M	50.87M	-22.51M	-242.13M	199.58M	51.24M	15.99M	166.12M	112.22M	-37.97M	43.03M	16.64M	9.41M	-3.14M	13.83M	-5.01M	1.35M	8.24M	7.30M	-4.00M	2.00M	-7.60M	-13.20M
Cash at Beginning of Period	757.72M	707.94M	203.04M	185.41M	177.23M	400.73M	353.54M	313.21M	492.81M	399.95M	349.07M	371.58M	613.71M	414.13M	362.89M	346.90M	180.79M	68.57M	106.53M	63.50M	46.87M	37.45M	33.35M	19.51M	24.52M	23.18M	14.94M	7.60M	11.50M	9.50M	17.00M	30.10M
Cash at End of Period	783.35M	735.86M	164.32M	203.04M	185.41M	177.23M	400.73M	353.54M	313.21M	492.81M	399.95M	349.07M	371.58M	613.71M	414.13M	362.89M	346.90M	180.79M	68.57M	106.53M	63.50M	46.87M	30.21M	33.35M	19.51M	24.52M	23.18M	14.90M	7.50M	11.50M	9.40M	16.90M
Operating Cash Flow	538.66M	495.17M	572.68M	306.78M	326.27M	65.94M	316.29M	307.61M	153.01M	145.72M	219.17M	272.27M	174.10M	396.44M	197.10M	149.67M	152.22M	349.52M	52.58M	110.25M	59.13M	133.78M	6.15M	59.78M	69.45M	109.84M	10.98M	63.90M	42.00M	23.30M	19.80M	28.60M
Capital Expenditure	-55.94M	-79.37M	-79.45M	-96.77M	-93.29M	-107.79M	-106.70M	-97.43M	-71.99M	-55.27M	-57.92M	-45.47M	-73.02M	-106.75M	-97.07M	-83.07M	-36.09M	-44.13M	-50.88M	-56.61M	-27.90M	-35.12M	-17.18M	-17.68M	-13.94M	-25.65M	-46.46M	-40.60M	-59.10M	-39.10M	-36.90M	-34.80M
Free Cash Flow	482.72M	415.80M	493.23M	210.00M	232.98M	-41.85M	209.59M	210.19M	81.02M	90.45M	161.25M	226.80M	101.07M	289.69M	100.02M	66.60M	116.13M	305.39M	1.70M	53.64M	31.23M	98.66M	-11.04M	42.10M	55.51M	84.19M	-35.47M	23.30M	-17.10M	-15.80M	-17.10M	-6.20M

Free Cash Flow

Metric	TTM	TTM-1	2024-12-28	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	609.54M	594.79M	560.98M	566.32M	530.42M	385.86M	325.48M	310.17M	310.78M	352.04M	327.79M	264.81M	447.04M	550.51M	452.51M	337.87M	238.08M	282.74M	268.19M	190.80M	146.63M	122.67M	108.57M	89.22M	104.23M	101.35M	127.80M	68.30M	62.80M	94.80M	82.00M	66.60M
(-) Tax Adjustment	180.63M	148.20M	141.21M	198.21M	158.84M	91.45M	84.21M	74.11M	87.43M	123.21M	62.54M	92.68M	149.28M	192.68M	158.38M	0.00M	83.33M	91.16M	91.62M	59.92M	46.92M	42.93M	38.00M	31.23M	36.48M	35.47M	44.73M	23.91M	21.98M	33.18M	28.70M	23.31M
(-) Change In Working Capital	18.84M	103.45M	128.23M	-80.56M	-56.09M	-284.74M	52.28M	80.23M	-54.56M	-74.08M	10.19M	71.89M	-98.38M	34.21M	-108.47M	-69.31M	-26.27M	136.94M	-125.13M	-16.28M	-34.21M	52.88M	-59.76M	-10.36M	-2.88M	43.32M	-53.68M	17.30M	-5.00M	-32.00M	-16.80M	-8.30M
(-) Capital Expenditure	-55.94M	-79.37M	-79.45M	-96.77M	-93.29M	-107.79M	-106.70M	-97.43M	-71.99M	-55.27M	-57.92M	-45.47M	-73.02M	-106.75M	-97.07M	-83.07M	-36.09M	-44.13M	-50.88M	-56.61M	-27.90M	-35.12M	-17.18M	-17.68M	-13.94M	-25.65M	-46.46M	-40.60M	-59.10M	-39.10M	-36.90M	-34.80M
Unlevered Free Cash Flow	290.16M	263.76M	212.08M	351.90M	334.38M	471.36M	82.29M	58.40M	205.93M	247.64M	197.14M	54.77M	323.12M	216.87M	305.53M	324.11M	144.93M	10.51M	250.81M	90.55M	106.02M	-8.26M	113.15M	50.67M	56.69M	-3.10M	90.30M	-13.51M	-13.28M	54.52M	33.20M	16.79M
(-) Net Interest Income After Taxes	-24.18M	-41.06M	-38.57M	-32.88M	-31.89M	-31.60M	-28.69M	-27.56M	-28.44M	-25.94M	-33.42M	-26.86M	-20.48M	-16.92M	-15.18M	-26.91M	-16.97M	-9.66M	-10.50M	-11.96M	-11.12M	-13.15M	-24.47M	-8.61M	-10.31M	-13.62M	-13.31M	-5.79M	-1.69M	-1.56M	-22.56M	-1.50M
Net Debt Issuance	-167.73M	-82.35M	-379.56M	231.97M	-89.98M	200.93M	-32.79M	31.56M	-2.32M	-1.47M	-2.21M	-1.10M	289.88M	5.19M	1.39M	9.29M	305.32M	-185.62M	115.13M	2.17M	-10.01M	-89.98M	149.31M	-16.25M	-39.99M	-38.92M	115.36M	4.90M	70.40M	-5.20M	14.40M	-5.70M
Levered Free Cash Flow	146.62M	222.47M	-128.91M	616.74M	276.29M	703.90M	78.18M	117.52M	232.05M	272.10M	228.36M	80.53M	633.48M	238.98M	322.10M	360.30M	467.22M	-165.46M	376.44M	104.67M	107.13M	-85.08M	286.93M	43.03M	27.01M	-28.39M	218.96M	-2.82M	58.81M	50.88M	70.16M	12.59M