John Hancock Investors Trust (JHI)

Industry: Asset Management Sector: Financial Services Currency Used: US Live Price: $13.73

Enterprise Value

Metric	MRQ	MRQ-1	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Stock Price	13.17	14.14	13.70	12.34	14.16	18.55	14.69	16.61	16.01	17.72	16.23	16.52	19.65	20.88	22.79
Market Capitalization	115.17M	123.65M	119.76M	107.77M	123.82M	161.58M	255.73M	144.58M	139.36M	154.25M	141.32M	145.23M	172.61M	182.12M	196.66M
(-) Cash & Equivalents	0.00M	1.41M	0.71M	0.01M	0.36M	0.00M	-0.59M	0.05M	0.12M	0.61M	0.01M	0.13M	0.24M	0.01M	0.01M
(+) Total Debt	86.90M	86.90M	86.90M	86.90M	86.90M	86.90M	86.90M	86.90M	86.90M	86.93M	87.07M	87.38M	87.16M	87.08M	0.00M
Enterprise Value	202.06M	209.14M	205.95M	194.67M	210.36M	248.48M	343.21M	231.44M	226.13M	240.57M	228.37M	232.48M	259.53M	269.19M	196.65M

Income Statement

Metric	TTM	TTM-1	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
Revenue	29M	21M	14M	1M	14M	14M	7M	23M	-5M	18M	10M	15M	16M	16M	19M
Cost of Revenue	2M	2M	5M	1M	2M	1M	1M	1M	1M	2M	1M	0M	0M	0M	0M
Gross Profit	27M	19M	9M	0M	12M	13M	5M	21M	-6M	16M	9M	15M	16M	16M	19M
Gross Profit Margin	93.1%	90.2%	62.7%	7.9%	88.1%	89.6%	79.0%	93.7%	132.4%	91.5%	86.0%	100.0%	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	3M	2M	0M	2M	0M	0M	0M	0M	0M	0M	0M	2M	2M	2M	2M
Operating Expenses	-3M	29M	2M	2M	0M	2M	1M	0M	0M	0M	7M	21M	3M	7M	10M
Operating Income (EBIT)	30M	-9M	7M	-1M	12M	11M	4M	21M	-7M	16M	2M	-7M	13M	9M	8M
Operating Income Margin	103.9%	-43.7%	50.9%	-98.8%	85.0%	77.4%	64.7%	92.4%	141.7%	89.5%	22.7%	-44.3%	82.3%	57.1%	44.3%
Interest Income	0M	3M	14M	13M	13M	14M	13M	14M	14M	14M	1M	1M	1M	1M	2M
Interest Expense	6M	1M	5M	5M	2M	1M	1M	3M	2M	1M	0M	0M	0M	0M	0M
Net Interest Income	-6M	2M	8M	8M	11M	13M	12M	12M	12M	13M	1M	1M	1M	1M	2M
Unusual Items	-3M	-13M	5M	2M	-58M	2M	-16M	-10M	-10M	-11M	16M	-2M	-2M	-1M	17M
EBT Excluding Unusual Items	24M	-7M	16M	7M	23M	24M	17M	33M	5M	28M	3M	-6M	14M	10M	10M
Pre-Tax Income	21M	-20M	21M	9M	-35M	26M	1M	23M	-5M	17M	20M	-8M	13M	9M	27M
Pre-Tax Margin	72.7%	-93.9%	146.8%	637.6%	-255.4%	181.1%	9.6%	98.7%	109.3%	97.9%	191.0%	-51.5%	77.5%	53.4%	145.0%
Income Tax Expense	0M	3M	0M	0M	0M	0M	0M	0M	0M	19M	0M	0M	0M	0M	10M
Net Income	21M	-20M	21M	9M	-35M	26M	1M	23M	-5M	17M	21M	-8M	13M	9M	27M
Net Income Margin	72.7%	-93.9%	146.8%	637.6%	-255.4%	181.1%	9.6%	98.7%	109.3%	97.9%	199.9%	-51.5%	77.5%	53.4%	145.0%
Depreciation & Amortization	-25M	-15M	0M	-12M	0M	0M	0M	-13M	-13M	-13M	-12M	-13M	-14M	-15M	-17M
EBITDA	5M	-24M	7M	-13M	12M	11M	4M	8M	-19M	3M	-10M	-20M	-1M	-5M	-9M
EBITDA Margin	15.8%	-113.1%	50.9%	-927.7%	85.0%	77.4%	64.7%	35.8%	417.6%	19.1%	-97.3%	-132.8%	-6.5%	-31.5%	-46.1%
NOPAT	30M	-7M	7M	-1M	9M	11M	4M	21M	-5M	-1M	2M	-5M	13M	9M	5M
NOPAT Margin	103.9%	-34.5%	50.9%	-98.8%	67.1%	77.4%	64.7%	92.4%	111.9%	-7.2%	22.7%	-35.0%	82.3%	57.1%	27.6%
Owner's Earnings	-4M	-35M	21M	-3M	-35M	26M	1M	10M	-18M	5M	8M	-21M	-2M	-6M	10M
Owner's Earnings Margin	-15.3%	-163.3%	146.8%	-191.3%	-255.4%	181.1%	9.6%	42.1%	385.3%	27.5%	79.9%	-139.9%	-11.2%	-35.2%	54.6%
EPS (Basic)	2.39	-2.30	2.37	1.05	-3.97	2.95	0.07	2.59	-0.58	2.00	2.37	-0.87	1.43	1.01	3.15
EPS (Diluted)	2.39	-2.30	2.37	1.05	-3.97	2.95	0.07	2.59	-0.58	2.00	2.37	-0.87	1.43	1.01	3.15
Shares (Basic)	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M
Shares (Diluted)	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M

Balance Sheet

Metric	MRQ	MRQ-1	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
Cash & Cash Equivalents	0.00M	1.41M	1.41M	0.01M	0.73M	0.00M	-1.18M	0.07M	0.15M	1.20M	0.02M	0.26M	0.11M	0.00M	0.03M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.36M	0.00M	0.00M	0.00M	1.89M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	0.00M	1.41M	1.41M	0.01M	0.73M	0.00M	1.18M	0.07M	0.15M	1.20M	1.91M	0.26M	0.11M	0.00M	0.03M
Net Receivables	5.14M	3.21M	3.21M	3.37M	3.68M	4.72M	3.77M	3.76M	6.18M	5.70M	5.09M	5.43M	9.73M	9.64M	3.87M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	7.43M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Assets	0.00M	0.94M	0.94M	1.30M	0.00M	0.00M	-1.18M	-7.43M	0.18M	0.23M	0.87M	7.42M	9.50M	0.72M	3.76M
Total Current Assets	5.15M	5.56M	5.56M	4.68M	4.40M	4.72M	3.77M	3.83M	6.50M	7.13M	7.87M	13.11M	19.34M	10.36M	7.66M
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	73.23M	218.21M	218.21M	204.97M	201.95M	246.41M	233.48M	245.74M	230.87M	246.40M	92.52M	70.93M	104.63M	115.90M	256.15M
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	136.78M	-0.72M	-0.72M	0.00M	0.00M	0.00M	0.00M	0.00M	-230.87M	-246.40M	148.04M	160.04M	149.77M	137.64M	-256.15M
Other Assets	0.00M	0.00M	0.00M	-1.08M	0.22M	0.22M	0.23M	0.22M	0.22M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	210.01M	217.49M	217.49M	203.88M	202.17M	246.63M	233.71M	245.96M	0.22M	0.00M	240.56M	230.98M	254.40M	253.54M	0.00M
Total Assets	215.16M	223.05M	223.05M	208.56M	206.58M	251.35M	237.48M	249.79M	6.73M	7.13M	248.43M	244.09M	273.74M	263.90M	7.66M
Accounts Payable	2.87M	5.87M	5.87M	3.38M	1.79M	1.90M	1.31M	2.60M	2.49M	2.78M	1.72M	5.31M	14.16M	3.85M	0.00M
Short-Term Debt	86.90M	86.90M	86.90M	86.90M	86.90M	86.90M	86.90M	0.00M	0.00M	0.00M	86.99M	87.12M	86.90M	86.21M	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
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-85.11M	-85.00M	-85.59M	-84.30M	-84.41M	-84.12M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	-86.90M	-86.90M	-86.90M	-0.91M	-1.79M	-1.91M	-1.48M	84.28M	-2.52M	-2.78M	0.00M	0.00M	0.00M	0.00M	86.02M
Total Current Liabilities	2.87M	5.87M	5.87M	89.37M	1.79M	1.89M	1.14M	2.59M	-84.43M	-84.13M	88.71M	92.43M	101.06M	90.05M	86.02M
Long-Term Debt	86.90M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	86.90M	86.90M	86.90M	0.00M	0.22M	0.57M	0.81M	1.21M
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	0.18M	87.05M	87.05M	87.03M	0.13M	-86.90M	0.11M	0.00M	-86.90M	-86.90M	0.09M	0.13M	0.12M	0.09M	-1.21M
Total Non-Current Liabilities	87.08M	87.05M	87.05M	87.03M	0.13M	-86.90M	0.11M	86.90M	0.00M	0.00M	0.09M	0.35M	0.68M	0.90M	0.00M
Total Liabilities	89.95M	92.92M	92.92M	176.40M	1.92M	-85.01M	1.25M	89.49M	-84.43M	-84.13M	88.79M	92.77M	101.74M	90.95M	86.02M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	9.52M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	170.75M	170.75M	170.75M	170.75M	170.75M	170.27M	170.05M	170.05M	172.10M	172.10M	174.77M	176.87M	178.17M	177.38M	177.53M
Retained Earnings	-45.54M	-40.62M	-40.62M	-52.60M	-54.11M	-7.87M	-21.10M	-10.03M	-24.20M	1.17M	0.85M	-25.62M	-6.22M	-4.50M	-1.12M
Accumulated OCI	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-9.52M	-17.98M	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
Total Shareholders’ Equity	125.21M	130.13M	130.13M	118.15M	116.65M	162.40M	148.95M	160.02M	147.90M	173.26M	157.65M	151.25M	171.95M	172.88M	176.40M
Total Equity	125.21M	130.13M	130.13M	118.15M	116.65M	162.40M	148.95M	160.02M	147.90M	173.26M	157.65M	151.25M	171.95M	172.88M	176.40M
Total Liabilities & Equity	215.16M	223.05M	223.05M	294.55M	118.56M	77.39M	150.20M	249.51M	63.47M	89.14M	246.44M	244.02M	273.69M	263.83M	262.42M
Tangible Assets	215.16M	223.05M	223.05M	208.56M	206.58M	251.35M	237.48M	249.79M	6.73M	7.13M	248.43M	244.09M	273.74M	263.90M	7.66M
Tangible Equity	125.21M	130.13M	130.13M	118.15M	116.65M	162.40M	148.95M	160.02M	147.90M	173.26M	157.65M	151.25M	171.95M	172.88M	176.40M
Tangible Book Value	125.21M	130.13M	130.13M	118.15M	116.65M	162.40M	148.95M	160.02M	147.90M	173.26M	157.65M	151.25M	171.95M	172.88M	176.40M
Total Investments	73.23M	218.21M	218.21M	204.97M	201.95M	246.41M	234.66M	245.74M	230.87M	246.40M	1.89M	70.93M	104.63M	115.90M	256.15M
Net Debt	173.80M	85.49M	85.49M	86.89M	86.17M	86.90M	88.08M	86.83M	86.75M	85.70M	86.97M	87.07M	87.35M	87.02M	1.18M

Capital Metrics

Metric	MRQ	MRQ-1	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
Working Capital	2.3M	-0.3M	-0.3M	-85.2M	2.6M	2.8M	2.5M	1.2M	3.8M	4.3M	-82.8M	-79.4M	-81.8M	-79.8M	-78.4M
Total Capital	212.1M	217.0M	217.0M	205.1M	203.5M	249.3M	235.9M	246.9M	234.8M	250.6M	244.6M	238.6M	259.4M	259.9M	176.4M
Capital Employed	212.3M	217.2M	217.2M	118.7M	204.8M	249.4M	236.2M	247.2M	234.9M	250.7M	157.7M	151.6M	172.6M	173.8M	177.8M
Invested Capital	212.1M	215.6M	215.6M	205.0M	202.8M	249.3M	237.0M	246.9M	234.7M	249.4M	244.5M	238.3M	259.3M	259.9M	176.4M

Cash Flow Statement

Metric	TTM	TTM-1	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
Net Income	20.93M	-20.12M	20.74M	9.16M	-34.74M	25.68M	0.65M	22.55M	-5.02M	17.41M	19.76M	-7.64M	12.61M	8.80M	27.17M
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	0.50M	0.50M	2.94M	-0.49M	2.07M	-0.43M	-1.42M	2.86M	-0.74M	0.36M	-3.25M	3.95M	-0.43M	-6.07M	0.70M
Accounts Receivable	-2.38M	0.83M	0.43M	0.31M	1.04M	-0.95M	-0.01M	2.42M	-0.47M	-0.61M	0.33M	4.30M	-0.09M	-5.76M	0.70M
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
Accounts Payable	1.83M	-0.79M	2.52M	0.45M	0.63M	0.60M	-1.17M	0.13M	-0.34M	0.91M	-3.58M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	-1.91M	0.46M	0.07M	-1.24M	0.41M	-0.09M	-0.24M	0.31M	-0.10M	0.25M	0.00M	-0.35M	-0.34M	-0.30M	0.00M
Other Non-Cash Items	-6.20M	39.67M	-13.52M	-0.22M	44.41M	-12.85M	12.26M	-15.05M	15.53M	-5.28M	-4.59M	16.97M	0.40M	9.26M	-14.33M
Net Cash from Operating Activities	15.23M	20.08M	10.16M	8.45M	11.74M	12.39M	11.49M	10.36M	9.77M	12.49M	8.66M	13.28M	12.58M	11.99M	12.84M
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	-240.07M	-196.02M	-118.90M	-90.30M	-85.84M	-126.77M	-142.83M	-94.37M	-124.36M	-127.40M	-145.41M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	248.96M	197.10M	119.20M	90.88M	90.39M	130.49M	142.59M	93.25M	122.34M	129.77M	145.10M	0.00M	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	8.89M	1.08M	0.30M	0.57M	4.55M	3.71M	-0.24M	-1.12M	-2.02M	2.37M	-0.31M	0.00M	0.00M	0.00M	0.00M
Net 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	1.00M	0.00M	-1.80M
Long-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	1.00M	0.00M	-1.80M
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
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.18M	0.00M	0.32M	0.00M	0.44M
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
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.18M	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
Net Dividends Paid	-17.54M	-21.31M	-8.76M	-7.65M	-11.02M	-12.23M	-11.72M	-10.43M	-10.82M	-11.32M	-12.18M	-13.06M	-13.86M	-14.04M	-15.42M
Common Dividends Paid	-15.69M	-10.65M	-8.76M	-7.65M	-11.02M	-12.23M	-11.72M	-10.43M	-10.82M	-11.32M	-12.18M	-13.06M	-13.86M	-14.04M	-15.42M
Preferred Dividends Paid	-1.85M	-10.65M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	0.00M	3.17M	0.00M	0.00M	0.00M	-0.16M	0.16M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.03M	0.00M
Net Cash from Financing Activities	-17.54M	-21.31M	-8.76M	-7.65M	-11.02M	-12.39M	-11.56M	-10.43M	-10.82M	-11.32M	-13.36M	-13.06M	-12.54M	-12.02M	-16.77M
Effect of FX on Cash	-6.58M	-1.15M	0.45M	-2.10M	-4.55M	-3.71M	0.24M	1.12M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	0.00M	0.01M	1.40M	-0.72M	0.73M	0.00M	-0.07M	-0.08M	-1.05M	1.17M	-0.24M	0.23M	0.04M	-0.03M	-3.93M
Cash at Beginning of Period	1.42M	0.73M	0.01M	0.73M	0.00M	0.00M	0.07M	0.15M	1.20M	0.02M	0.26M	0.04M	0.00M	0.00M	3.96M
Cash at End of Period	1.42M	0.74M	1.40M	0.01M	0.73M	0.00M	0.00M	0.07M	0.15M	1.20M	0.02M	0.26M	0.04M	-0.03M	0.03M
Operating Cash Flow	19.12M	20.08M	10.16M	6.93M	11.74M	12.39M	11.49M	10.36M	9.77M	12.49M	8.66M	13.28M	12.58M	11.99M	12.84M
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	19.12M	20.08M	10.16M	6.93M	11.74M	12.39M	11.49M	10.36M	9.77M	12.49M	8.66M	13.28M	12.58M	11.99M	12.84M

Free Cash Flow

Metric	TTM	TTM-1	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
EBITDA	-1.77M	2.38M	8.43M	-13.33M	11.61M	12.35M	5.07M	8.21M	-19.14M	3.44M	-3.52M	0.00M	0.00M	0.00M	0.00M
(-) Tax Adjustment	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.61M	1.20M	0.00M	0.00M	0.00M	0.00M	0.00M
(-) Change In Working Capital	0.50M	0.50M	2.94M	-0.49M	2.07M	-0.43M	-1.42M	2.86M	-0.74M	0.36M	-3.25M	3.95M	-0.43M	-6.07M	0.70M
(-) 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	-2.27M	1.88M	5.48M	-12.84M	9.53M	12.79M	6.49M	5.36M	-17.79M	1.87M	-0.27M	-3.95M	0.43M	6.07M	-0.70M
(-) Net Interest Income After Taxes	-5.58M	1.94M	8.34M	8.17M	11.45M	12.98M	12.15M	11.70M	11.60M	8.18M	0.91M	1.06M	0.77M	0.61M	1.30M
Net 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	1.00M	0.00M	-1.80M
Levered Free Cash Flow	3.31M	-0.06M	-2.85M	-21.01M	-1.91M	-0.19M	-5.66M	-6.34M	-29.38M	-6.31M	-1.18M	-5.02M	0.66M	5.45M	-3.80M