First Trust Senior Floating Rate Income Fund II (FCT)

Industry: Asset Management - Income Sector: Financial Services Currency Used: US Live Price: $10.08

Enterprise Value

Metric	MRQ	MRQ-1	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Stock Price	9.91	10.44	10.46	9.67	10.54	12.27	11.32	12.07	12.42	13.27	13.42	13.05	13.52	15.00
Market Capitalization	257.50M	271.27M	271.66M	375.46M	547.73M	636.81M	595.33M	484.55M	331.58M	354.14M	358.14M	348.40M	360.95M	398.71M
(-) Cash & Equivalents	1.05M	0.26M	1.22M	5.64M	4.77M	1.06M	2.50M	0.69M	0.48M	0.09M	3.27M	6.21M	3.85M	5.28M
(+) Total Debt	54.00M	34.00M	32.50M	58.02M	85.06M	131.00M	123.50M	155.00M	155.50M	154.63M	152.59M	155.13M	172.50M	175.00M
Enterprise Value	310.45M	305.01M	302.94M	427.84M	628.03M	766.74M	716.33M	638.86M	486.60M	508.68M	507.46M	497.32M	529.60M	568.43M

Income Statement

Metric	TTM	TTM-1	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31	2020-05-31	2019-05-31	2018-05-31	2017-05-31	2016-05-31	2015-05-31	2014-05-31	2013-05-31
Revenue	57M	43M	22M	33M	15M	-10M	39M	-8M	11M	15M	25M	23M	30M	30M	33M
Cost of Revenue	0M	0M	2M	0M	-11M	-31M	19M	-33M	-18M	4M	5M	4M	0M	0M	0M
Gross Profit	57M	43M	19M	33M	26M	20M	20M	26M	29M	10M	20M	19M	30M	30M	33M
Gross Profit Margin	100.0%	100.0%	88.6%	100.0%	178.6%	-192.3%	52.0%	-342.9%	267.4%	70.4%	81.7%	81.0%	100.0%	100.0%	100.0%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	6M	8M	1M	1M	1M	1M	1M	1M	1M	1M	0M	0M	5M	5M	5M
Operating Expenses	7M	43M	1M	1M	1M	1M	1M	1M	1M	1M	3M	22M	12M	8M	11M
Operating Income (EBIT)	50M	-1M	19M	32M	25M	19M	19M	25M	28M	10M	17M	-3M	18M	22M	22M
Operating Income Margin	88.1%	-1.2%	86.1%	97.9%	174.5%	-186.2%	49.9%	-333.5%	261.0%	64.9%	70.0%	-12.0%	59.1%	73.3%	66.2%
Interest Income	32M	1M	26M	31M	26M	20M	20M	26M	28M	26M	0M	0M	0M	0M	0M
Interest Expense	6M	3M	2M	4M	3M	1M	1M	4M	5M	3M	3M	2M	2M	2M	2M
Net Interest Income	26M	-2M	23M	27M	23M	18M	18M	22M	24M	23M	-3M	-2M	-2M	-2M	-2M
Unusual Items	-23M	11M	-23M	-27M	-35M	-49M	0M	-55M	-42M	-18M	14M	10M	0M	0M	22M
EBT Excluding Unusual Items	76M	-3M	42M	59M	49M	38M	37M	47M	52M	33M	15M	-5M	16M	20M	20M
Pre-Tax Income	53M	9M	19M	32M	14M	-11M	38M	-8M	10M	14M	29M	5M	16M	20M	42M
Pre-Tax Margin	93.2%	20.2%	86.1%	97.9%	95.9%	106.2%	97.9%	109.4%	93.5%	94.5%	115.8%	23.7%	53.7%	67.4%	128.4%
Income Tax Expense	0M	0M	0M	0M	0M	0M	0M	0M	0M	17M	31M	7M	0M	0M	0M
Net Income	53M	9M	19M	32M	14M	-11M	38M	-8M	10M	14M	31M	7M	16M	20M	42M
Net Income Margin	93.2%	20.2%	86.1%	97.9%	95.9%	106.2%	97.9%	109.4%	93.5%	94.5%	126.9%	32.1%	53.7%	67.4%	128.4%
Depreciation & Amortization	-51M	-35M	0M	-27M	-23M	-16M	-16M	-21M	-24M	-22M	-24M	-24M	-25M	-24M	-28M
EBITDA	0M	-36M	19M	5M	3M	3M	3M	4M	4M	-12M	-6M	-27M	-7M	-2M	-6M
EBITDA Margin	-0.8%	-83.4%	86.1%	14.6%	18.1%	-31.7%	9.0%	-49.3%	35.7%	-83.2%	-24.9%	-116.7%	-24.2%	-8.3%	-17.9%
NOPAT	50M	-1M	19M	32M	25M	15M	19M	20M	28M	-2M	-2M	1M	18M	22M	22M
NOPAT Margin	88.1%	-1.2%	86.1%	97.9%	174.5%	-147.1%	49.9%	-263.5%	261.0%	-15.8%	-6.8%	4.3%	59.1%	73.3%	66.2%
Owner's Earnings	2M	-27M	19M	5M	-9M	-27M	22M	-30M	-14M	-8M	8M	-17M	-9M	-4M	15M
Owner's Earnings Margin	4.3%	-62.0%	86.1%	14.6%	-60.4%	260.6%	57.0%	393.6%	-131.7%	-53.6%	32.0%	-72.5%	-29.6%	-14.3%	44.3%
EPS (Basic)	2.04	0.32	0.72	1.24	0.54	-0.43	1.45	-0.31	0.38	0.53	1.10	1.36	0.60	0.75	1.60
EPS (Diluted)	1.63	0.17	0.72	1.24	0.54	-0.43	1.45	-0.31	0.38	0.53	1.10	36,233,820.66	0.60	0.75	1.60
Shares (Basic)	32M	52M	26M	26M	26M	26M	26M	27M	27M	27M	29M	5M	27M	27M	26M
Shares (Diluted)	32M	52M	26M	26M	26M	26M	26M	27M	27M	27M	29M	0M	27M	27M	26M

Balance Sheet

Metric	MRQ	MRQ-1	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31	2020-05-31	2019-05-31	2018-05-31	2017-05-31	2016-05-31	2015-05-31	2014-05-31	2013-05-31
Cash & Cash Equivalents	1.05M	0.26M	1.05M	2.18M	5.48M	0.92M	0.70M	0.05M	1.18M	0.43M	5.06M	3.97M	10.49M	3.74M	8.92M
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
Cash & Short-Term Investments	1.05M	0.26M	1.05M	2.18M	5.48M	0.92M	0.70M	0.05M	1.18M	0.43M	5.06M	3.97M	10.49M	3.74M	8.92M
Net Receivables	8.94M	12.62M	8.94M	21.10M	2.29M	14.35M	15.30M	5.54M	26.73M	20.61M	29.75M	18.18M	21.04M	46.01M	32.40M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	34.17M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current 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	0.11M
Total Current Assets	9.99M	12.87M	9.99M	23.28M	7.78M	15.27M	16.00M	5.59M	62.07M	21.04M	34.81M	22.14M	31.53M	49.75M	41.42M
Property, Plant & Equipment	0.00M	0.00M	0.00M	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	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	0.00M	329.91M	0.00M	321.23M	347.54M	416.20M	466.81M	464.93M	537.94M	542.56M	546.43M	507.23M	542.04M	566.17M	590.23M
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
Other Non-Current Assets	346.31M	0.00M	346.31M	0.00M	-347.54M	-416.20M	-466.81M	-464.93M	-537.94M	-542.56M	-546.43M	-507.23M	0.00M	0.01M	0.01M
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
Total Non-Current Assets	346.31M	329.91M	346.31M	321.24M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	542.04M	566.17M	590.24M
Total Assets	356.30M	342.78M	356.30M	344.51M	7.78M	15.27M	16.00M	5.59M	62.07M	21.04M	34.81M	22.14M	573.56M	615.92M	631.66M
Accounts Payable	27.10M	25.84M	27.10M	26.42M	22.18M	21.16M	16.67M	18.66M	36.25M	32.36M	47.92M	16.79M	21.21M	42.17M	56.07M
Short-Term Debt	0.00M	34.00M	0.00M	31.00M	48.00M	0.00M	0.00M	0.00M	0.00M	0.00M	146.00M	137.00M	159.00M	174.00M	174.00M
Tax Payables	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.06M	0.07M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	0.00M	-0.01M	-136.00M	-119.00M	-163.00M	-122.64M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	0.00M	0.00M	0.00M	-0.58M	-70.18M	-21.16M	-16.67M	-18.66M	-36.25M	-33.58M	0.00M	0.00M	0.00M	0.00M	0.76M
Total Current Liabilities	27.10M	59.84M	27.10M	56.83M	0.00M	-0.01M	-136.00M	-119.00M	-162.94M	-123.80M	193.92M	153.79M	180.21M	216.17M	230.83M
Long-Term Debt	54.00M	0.00M	54.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	155.64M	0.26M	0.18M	0.00M	0.00M	0.00M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	0.35M	0.00M	0.35M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-155.64M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	54.35M	0.00M	54.35M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.26M	0.18M	0.00M	0.00M	0.00M
Total Liabilities	81.45M	59.84M	81.45M	56.84M	0.00M	-0.01M	-136.00M	-119.00M	-162.94M	-123.80M	194.18M	153.97M	180.21M	216.17M	230.83M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	355.78M	0.00M	0.00M	365.80M	28.93M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	0.26M	0.26M	0.26M	0.26M	0.26M	0.26M	0.26M	0.27M	0.27M	0.27M	0.27M	0.27M	0.27M	0.27M	0.26M
Retained Earnings	-62.06M	-63.98M	-62.06M	-59.88M	-68.42M	-62.06M	-36.07M	-59.61M	-33.38M	0.09M	-0.15M	-0.25M	-108.73M	-102.36M	-98.03M
Accumulated OCI	0.00M	0.00M	0.00M	0.00M	0.00M	-62.06M	0.00M	0.00M	0.00M	-28.93M	-92.40M	-125.71M	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
Total Shareholders’ Equity	-61.80M	-63.72M	-61.80M	-59.62M	-68.16M	231.91M	-35.81M	-59.34M	332.69M	0.36M	-92.29M	-125.69M	-108.46M	-102.09M	-97.76M
Total Equity	-61.80M	-63.72M	-61.80M	-59.62M	-68.16M	231.91M	-35.81M	-59.34M	332.69M	0.36M	-92.29M	-125.69M	-108.46M	-102.09M	-97.76M
Total Liabilities & Equity	19.65M	-3.88M	19.65M	-2.78M	-68.16M	231.90M	-171.81M	-178.34M	169.75M	-123.44M	101.89M	28.28M	71.75M	114.08M	133.06M
Tangible Assets	356.30M	342.78M	356.30M	344.51M	7.78M	15.27M	16.00M	5.59M	62.07M	21.04M	34.81M	22.14M	573.56M	615.92M	631.66M
Tangible Equity	-61.80M	-63.72M	-61.80M	-59.62M	-68.16M	231.91M	-35.81M	-59.34M	332.69M	0.36M	-92.29M	-125.69M	-108.46M	-102.09M	-97.76M
Tangible Book Value	-61.80M	-63.72M	-61.80M	-59.62M	-68.16M	231.91M	-35.81M	-59.34M	332.69M	0.36M	-92.29M	-125.69M	-108.46M	-102.09M	-97.76M
Total Investments	0.00M	329.91M	0.00M	321.23M	347.54M	416.20M	466.81M	464.93M	537.94M	542.56M	546.43M	507.23M	542.04M	566.17M	590.23M
Net Debt	52.95M	33.74M	52.95M	28.82M	42.52M	-0.92M	-0.70M	-0.05M	-1.18M	155.21M	141.20M	133.21M	148.51M	170.26M	165.08M

Capital Metrics

Metric	MRQ	MRQ-1	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31	2020-05-31	2019-05-31	2018-05-31	2017-05-31	2016-05-31	2015-05-31	2014-05-31	2013-05-31
Working Capital	-17.1M	-47.5M	-17.1M	-34.1M	-62.8M	-122.4M	-137.2M	-132.7M	-172.1M	-11.3M	-164.9M	-132.4M	-149.3M	-167.2M	-189.4M
Total Capital	328.9M	316.4M	328.9M	317.5M	332.7M	409.7M	465.6M	451.3M	528.8M	530.0M	527.6M	511.9M	551.7M	573.0M	574.8M
Capital Employed	329.2M	282.4M	329.2M	287.1M	284.7M	293.8M	329.6M	332.3M	365.8M	531.2M	381.6M	374.9M	392.7M	399.0M	400.8M
Invested Capital	327.8M	316.2M	327.8M	315.4M	327.2M	408.8M	464.9M	451.2M	527.6M	529.6M	522.5M	507.9M	541.2M	569.3M	565.9M

Cash Flow Statement

Metric	TTM	TTM-1	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31	2020-05-31	2019-05-31	2018-05-31	2017-05-31	2016-05-31	2015-05-31	2014-05-31	2013-05-31
Net Income	53.10M	8.65M	18.58M	32.12M	13.98M	-11.08M	37.76M	-8.25M	10.14M	14.06M	28.67M	5.48M	16.08M	19.89M	42.31M
Depreciation & Amortization	0.00M	0.00M	0.00M	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 Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	0.02M	-0.20M	-0.22M	0.07M	0.15M	0.17M	-0.39M	0.38M	0.26M	-0.10M	1.56M	0.35M	-0.63M	-0.18M	0.11M
Accounts Receivable	-0.05M	-0.11M	-0.24M	-0.04M	0.22M	0.17M	-0.32M	0.58M	0.24M	-0.06M	1.48M	0.37M	-0.55M	-0.16M	0.11M
Inventory	0.00M	0.00M	0.00M	0.00M	0.06M	0.02M	0.07M	0.10M	-0.04M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Payable	-0.02M	-0.17M	0.00M	-0.01M	-0.06M	-0.02M	-0.07M	-0.10M	0.04M	-0.03M	0.08M	-0.05M	0.00M	0.00M	0.00M
Other Working Capital	0.09M	0.08M	0.02M	0.12M	-0.07M	0.00M	-0.06M	-0.21M	0.02M	0.00M	0.01M	0.03M	-0.08M	-0.02M	0.00M
Other Non-Cash Items	27.30M	21.10M	-12.25M	11.75M	81.47M	55.96M	-13.31M	76.03M	1.70M	-2.36M	-10.51M	15.52M	28.70M	-3.41M	-44.44M
Net Cash from Operating Activities	80.50M	29.28M	6.11M	43.94M	95.60M	45.04M	24.05M	68.16M	12.11M	11.60M	21.28M	21.68M	44.15M	16.30M	-2.01M
Capital Expenditures (PPE)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-1,017.85M	-816.60M	0.00M	0.00M	-286.36M	-337.39M	-493.60M	-474.13M	-456.79M	-715.08M	-633.87M	-238.46M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	1,042.58M	916.90M	0.00M	696.92M	362.77M	368.50M	504.92M	524.80M	449.01M	708.58M	621.85M	255.76M	0.00M	0.00M	0.00M
Other Investing Activities	0.00M	0.00M	0.00M	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 Cash from Investing Activities	-12.43M	100.29M	0.00M	0.00M	76.42M	31.11M	11.32M	50.67M	-7.78M	-6.50M	-12.02M	17.30M	0.00M	0.00M	0.00M
Net Debt Issuance	-3.01M	-73.99M	23.00M	-17.00M	-68.00M	-20.00M	17.00M	-44.00M	8.00M	9.00M	9.00M	-22.00M	-15.00M	0.00M	0.00M
Long-Term Debt Issuance	-3.00M	-74.00M	23.00M	-17.00M	-68.00M	-20.00M	17.00M	-44.00M	8.00M	9.00M	9.00M	-22.00M	-15.00M	0.00M	0.00M
Short-Term Debt Issuance	-0.01M	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
Net Stock Issuance	-8.01M	-5.24M	0.00M	0.00M	0.00M	0.37M	-7.87M	-0.31M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.18M	0.00M	0.00M	169.39M	0.37M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Repurchased	-8.01M	-5.24M	0.00M	-6.66M	-2.70M	0.00M	-7.87M	-0.31M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	-10.65M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-50.71M	-52.19M	-30.24M	-30.24M	-23.03M	-25.19M	-32.53M	-24.98M	-19.36M	-20.34M	-22.06M	-23.49M	-22.41M	-24.73M	-26.43M
Common Dividends Paid	-35.80M	-10.99M	-30.24M	-30.24M	-23.03M	-25.19M	-32.53M	-24.98M	-19.36M	-20.34M	-22.06M	-23.49M	-22.41M	-24.73M	-26.43M
Preferred Dividends Paid	-7.35M	-41.20M	0.00M	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	-75.34M	17.22M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	3.25M	33.65M
Net Cash from Financing Activities	-129.51M	-125.91M	-7.24M	-47.24M	-91.03M	-44.82M	-23.40M	-69.29M	-11.36M	-11.34M	-13.06M	-45.49M	-37.41M	-21.48M	7.22M
Effect of FX on Cash	1.57M	-3.59M	0.00M	0.00M	-76.42M	-31.11M	-11.32M	-50.67M	7.78M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	-8.36M	-4.34M	-1.13M	-3.31M	4.57M	0.22M	0.65M	-1.13M	0.75M	-4.80M	1.09M	-6.52M	6.75M	-5.18M	5.20M
Cash at Beginning of Period	22.08M	35.45M	2.18M	5.48M	0.92M	0.70M	0.05M	1.18M	0.43M	5.06M	3.97M	10.49M	3.74M	8.92M	3.71M
Cash at End of Period	13.72M	31.11M	1.05M	2.18M	5.48M	0.92M	0.70M	0.05M	1.18M	0.26M	5.06M	3.97M	10.49M	3.74M	8.92M
Operating Cash Flow	80.50M	29.28M	6.11M	43.94M	95.60M	45.04M	24.05M	68.16M	12.11M	11.60M	21.28M	21.68M	44.15M	16.30M	-2.01M
Capital Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Free Cash Flow	80.50M	29.28M	6.11M	43.94M	95.60M	45.04M	24.05M	68.16M	12.11M	11.60M	21.28M	21.68M	44.15M	16.30M	-2.01M

Free Cash Flow

Metric	TTM	TTM-1	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31	2020-05-31	2019-05-31	2018-05-31	2017-05-31	2016-05-31	2015-05-31	2014-05-31	2013-05-31
EBITDA	0.00M	0.00M	18.60M	4.80M	2.66M	3.34M	3.50M	3.74M	3.90M	-12.35M	-3.28M	-5.49M	0.00M	0.00M	0.00M
(-) Tax Adjustment	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-4.32M	-1.15M	-1.92M	0.00M	0.00M	0.00M
(-) Change In Working Capital	0.02M	-0.20M	-0.22M	0.07M	0.15M	0.17M	-0.39M	0.38M	0.26M	-0.10M	1.56M	0.35M	-0.63M	-0.18M	0.11M
(-) Capital Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Unlevered Free Cash Flow	-0.02M	0.20M	18.82M	4.73M	2.51M	3.17M	3.89M	3.37M	3.64M	-7.93M	-3.70M	-3.92M	0.63M	0.18M	-0.11M
(-) Net Interest Income After Taxes	25.59M	-2.01M	23.42M	26.84M	23.29M	18.36M	18.26M	21.67M	23.74M	14.88M	-1.80M	-1.27M	-1.62M	-1.76M	-1.81M
Net Debt Issuance	-3.01M	-73.99M	23.00M	-17.00M	-68.00M	-20.00M	17.00M	-44.00M	8.00M	9.00M	9.00M	-22.00M	-15.00M	0.00M	0.00M
Levered Free Cash Flow	-28.62M	-71.78M	18.40M	-39.11M	-88.78M	-35.19M	2.63M	-62.30M	-12.10M	-13.81M	7.10M	-24.65M	-12.75M	1.94M	1.70M