Rush Enterprises, Inc. (RUSHA)

Industry: Auto - Dealerships Sector: Consumer Cyclical Currency Used: US Live Price: $61.53

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	53.47	51.51	52.80	50.46	42.01	32.54	32.31	20.67	18.22	17.79	18.59	10.69	11.08	14.74	11.71	8.66	8.21	6.93	5.04	5.47	7.01	5.14	4.39	3.84	1.96	1.46	1.78	1.78	1.78	1.78	1.78	1.78
Market Capitalization	4,211.24M	4,068.00M	4,177.98M	3,982.50M	3,402.74M	2,273.58M	1,805.30M	1,135.40M	1,001.21M	1,047.11M	1,108.94M	638.76M	668.83M	879.55M	692.08M	501.61M	466.36M	387.82M	280.26M	313.14M	400.17M	288.47M	238.92M	151.52M	61.89M	39.06M	35.04M	28.04M	27.02M	26.45M	26.65M	26.50M
(-) Cash & Equivalents	242.01M	211.11M	227.28M	184.09M	198.48M	211.70M	259.96M	231.17M	126.41M	154.33M	116.33M	84.76M	62.50M	140.38M	198.04M	190.47M	159.66M	116.46M	134.60M	148.82M	172.85M	144.21M	111.87M	66.35M	23.63M	19.68M	20.83M	14.42M	19.60M	22.33M	16.43M	16.63M
(+) Total Debt	1,259.42M	1,753.92M	1,581.33M	1,894.53M	1,653.21M	1,395.82M	1,101.67M	1,423.91M	1,867.43M	1,592.29M	1,391.66M	1,470.81M	1,557.90M	1,324.02M	1,049.42M	1,008.62M	719.75M	380.40M	437.03M	499.16M	577.16M	564.03M	418.42M	241.29M	207.75M	200.24M	223.75M	265.22M	188.35M	121.55M	59.60M	55.48M
Enterprise Value	5,228.65M	5,610.81M	5,532.03M	5,692.93M	4,857.47M	3,457.70M	2,647.01M	2,328.14M	2,742.22M	2,485.06M	2,384.26M	2,024.80M	2,164.23M	2,063.18M	1,543.47M	1,319.76M	1,026.46M	651.76M	582.69M	663.47M	804.48M	708.29M	545.48M	326.45M	246.01M	219.62M	237.96M	278.84M	195.76M	125.67M	69.83M	65.35M

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	7,672M	7,825M	7,805M	7,925M	7,102M	5,126M	4,736M	5,810M	5,506M	4,714M	4,215M	4,980M	4,727M	3,385M	3,091M	2,581M	1,498M	1,239M	1,655M	2,031M	2,351M	1,865M	1,095M	815M	757M	784M	897M	808M	613M	399M	344M	269M
Cost of Revenue	6,180M	6,307M	6,273M	6,332M	5,615M	4,034M	3,860M	4,784M	4,528M	3,884M	3,497M	4,195M	3,971M	2,813M	2,590M	2,157M	1,213M	1,014M	1,358M	1,679M	1,998M	1,582M	910M	662M	616M	635M	738M	671M	508M	335M	289M	225M
Gross Profit	1,491M	1,518M	1,531M	1,593M	1,487M	1,092M	875M	1,026M	978M	830M	718M	785M	756M	572M	501M	423M	285M	225M	297M	352M	353M	283M	185M	153M	141M	149M	159M	137M	105M	65M	55M	43M
Gross Profit Margin	19.4%	19.4%	19.6%	20.1%	20.9%	21.3%	18.5%	17.7%	17.8%	17.6%	17.0%	15.8%	16.0%	16.9%	16.2%	16.4%	19.0%	18.2%	17.9%	17.3%	15.0%	15.2%	16.9%	18.8%	18.6%	19.0%	17.7%	16.9%	17.1%	16.2%	15.9%	16.1%
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	1,007M	1,012M	996M	1,022M	928M	731M	665M	754M	705M	631M	588M	619M	574M	450M	362M	306M	227M	199M	228M	241M	230M	189M	142M	124M	112M	122M	124M	94M	76M	51M	41M	32M
Operating Expenses	1,077M	1,042M	1,063M	1,081M	984M	785M	721M	809M	776M	681M	639M	663M	614M	480M	387M	326M	243M	216M	244M	256M	243M	199M	151M	133M	120M	133M	137M	102M	81M	54M	43M	34M
Operating Income (EBIT)	414M	475M	468M	512M	504M	308M	155M	217M	203M	149M	79M	122M	142M	92M	114M	98M	42M	9M	53M	96M	110M	84M	34M	20M	21M	16M	22M	35M	24M	11M	12M	9M
Operating Income Margin	5.4%	6.1%	6.0%	6.5%	7.1%	6.0%	3.3%	3.7%	3.7%	3.2%	1.9%	2.4%	3.0%	2.7%	3.7%	3.8%	2.8%	0.7%	3.2%	4.8%	4.7%	4.5%	3.1%	2.5%	2.8%	2.0%	2.4%	4.3%	3.9%	2.8%	3.4%	3.5%
Interest Income	1M	0M	1M	1M	1M	1M	1M	2M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	54M	71M	72M	54M	20M	2M	10M	30M	21M	13M	15M	14M	11M	11M	13M	7M	5M	6M	10M	15M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	-53M	-71M	-71M	-53M	-19M	-2M	-9M	-29M	-20M	-12M	-14M	-13M	-11M	-11M	-13M	-7M	-5M	-6M	-7M	-15M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Unusual Items	-1M	1M	1M	3M	25M	8M	6M	2M	0M	0M	2M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	-16M	-12M	-5M	-4M	-6M	-11M	-16M	-8M	-6M	-3M	-3M	-9M
EBT Excluding Unusual Items	361M	405M	397M	459M	485M	306M	146M	188M	183M	137M	65M	108M	130M	81M	101M	91M	36M	3M	46M	82M	110M	84M	34M	20M	21M	16M	22M	35M	24M	11M	12M	9M
Pre-Tax Income	360M	406M	398M	462M	509M	314M	152M	190M	183M	136M	66M	108M	131M	81M	101M	90M	36M	3M	45M	82M	94M	71M	29M	16M	15M	5M	6M	27M	18M	9M	9M	0M
Pre-Tax Margin	4.7%	5.2%	5.1%	5.8%	7.2%	6.1%	3.2%	3.3%	3.3%	2.9%	1.6%	2.2%	2.8%	2.4%	3.3%	3.5%	2.4%	0.3%	2.7%	4.0%	4.0%	3.8%	2.6%	1.9%	1.9%	0.7%	0.6%	3.3%	2.9%	2.2%	2.5%	0.0%
Income Tax Expense	84M	98M	93M	114M	117M	72M	37M	48M	44M	-36M	26M	42M	51M	32M	39M	35M	12M	-3M	16M	30M	35M	27M	12M	6M	6M	2M	2M	11M	7M	3M	2M	1M
Net Income	274M	307M	304M	347M	391M	241M	115M	142M	139M	172M	41M	66M	80M	49M	62M	55M	31M	6M	29M	51M	59M	45M	17M	9M	-2M	3M	3M	16M	11M	5M	6M	8M
Net Income Margin	3.6%	3.9%	3.9%	4.4%	5.5%	4.7%	2.4%	2.4%	2.5%	3.7%	1.0%	1.3%	1.7%	1.5%	2.0%	2.1%	2.1%	0.5%	1.7%	2.5%	2.5%	2.4%	1.5%	1.1%	-0.2%	0.4%	0.4%	2.0%	1.8%	1.4%	1.8%	3.0%
Depreciation & Amortization	204M	189M	236M	221M	199M	169M	177M	175M	185M	158M	158M	145M	126M	93M	73M	57M	46M	41M	39M	36M	27M	21M	16M	16M	16M	16M	14M	8M	5M	3M	2M	2M
EBITDA	618M	665M	704M	734M	703M	477M	332M	392M	388M	307M	237M	267M	268M	185M	187M	155M	88M	50M	91M	132M	137M	105M	50M	36M	37M	32M	35M	44M	29M	14M	14M	11M
EBITDA Margin	8.1%	8.5%	9.0%	9.3%	9.9%	9.3%	7.0%	6.7%	7.0%	6.5%	5.6%	5.4%	5.7%	5.5%	6.1%	6.0%	5.8%	4.0%	5.5%	6.5%	5.8%	5.6%	4.6%	4.4%	4.9%	4.1%	3.9%	5.4%	4.7%	3.6%	4.1%	4.2%
NOPAT	318M	361M	359M	386M	388M	237M	117M	162M	154M	188M	48M	75M	87M	56M	70M	60M	28M	16M	34M	61M	69M	52M	20M	12M	13M	10M	13M	21M	14M	7M	8M	7M
NOPAT Margin	4.1%	4.6%	4.6%	4.9%	5.5%	4.6%	2.5%	2.8%	2.8%	4.0%	1.1%	1.5%	1.8%	1.6%	2.3%	2.3%	1.9%	1.3%	2.0%	3.0%	2.9%	2.8%	1.9%	1.5%	1.7%	1.2%	1.4%	2.6%	2.3%	1.7%	2.5%	2.8%
Owner's Earnings	30M	113M	107M	199M	347M	244M	156M	24M	86M	120M	1M	-157M	-54M	-49M	-35M	-36M	-7M	-4M	-1M	22M	-30M	0M	-12M	6M	-2M	-1M	-24M	-36M	-16M	-2M	0M	4M
Owner's Earnings Margin	0.4%	1.4%	1.4%	2.5%	4.9%	4.8%	3.3%	0.4%	1.6%	2.5%	0.0%	-3.1%	-1.2%	-1.4%	-1.1%	-1.4%	-0.5%	-0.3%	0.0%	1.1%	-1.3%	0.0%	-1.1%	0.7%	-0.3%	-0.2%	-2.7%	-4.4%	-2.6%	-0.5%	0.0%	1.3%
EPS (Basic)	3.47	3.89	3.85	4.28	4.71	2.88	1.40	2.59	2.30	1.93	0.69	0.73	0.89	0.56	0.72	0.65	0.37	0.07	0.51	0.60	0.70	0.55	0.39	0.28	-0.02	0.07	0.21	0.71	0.73	0.37	0.33	0.55
EPS (Diluted)	3.35	3.77	3.72	4.15	4.57	4.17	2.00	2.53	2.30	2.77	0.67	1.07	1.30	0.81	1.04	0.94	0.55	0.10	0.51	0.89	1.04	0.80	0.38	0.27	-0.02	0.07	0.21	1.02	0.73	0.37	0.33	0.55
Shares (Basic)	79M	79M	79M	81M	83M	56M	55M	55M	60M	60M	59M	61M	60M	59M	58M	57M	56M	56M	57M	57M	56M	55M	44M	32M	71M	48M	16M	16M	15M	15M	19M	15M
Shares (Diluted)	82M	82M	82M	84M	86M	58M	57M	56M	60M	62M	60M	62M	62M	61M	60M	58M	57M	56M	57M	58M	57M	56M	45M	33M	73M	48M	16M	16M	15M	15M	19M	15M

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
All Other Segments	—	—	—	—	—	—	—	—	—	—	—	—	—	—	18.48M
Commercial Vehicle	7,182.70M	7,294.06M	4,888.82M	4,957.97M	4,351.37M	3,039.95M	2,863.31M	3,757.58M	3,558.64M	—	—	—	—	—	—
Commercial Vehicle Repair Service	1,573.59M	1,616.87M	1,075.57M	1,068.24M	935.46M	733.98M	689.34M	769.22M	732.81M	—	—	—	—	—	—
Financial Service	13.15M	15.40M	8.94M	11.67M	16.99M	16.39M	12.05M	14.62M	10.80M	—	—	—	—	—	—
Insurance	19.40M	19.79M	13.05M	12.61M	12.75M	11.58M	9.90M	9.83M	9.74M	—	—	—	—	—	—
Other Segments	—	—	—	—	—	—	—	—	—	15.85M	15.27M	15.09M	18.38M	18.81M	—
Parts	2,207.37M	2,203.81M	1,440.45M	1,493.90M	1,436.98M	1,059.38M	911.10M	993.29M	937.24M	—	—	—	—	—	—
Product and Service, Other	32.22M	37.27M	22.97M	26.86M	25.86M	17.63M	14.01M	17.76M	18.73M	—	—	—	—	—	—
Truck Segment	—	—	—	—	—	—	—	—	—	4,698.04M	4,199.35M	4,964.64M	4,708.98M	3,365.90M	3,072.09M

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	242.01M	211.11M	228.13M	183.73M	201.04M	148.15M	312.05M	181.62M	131.73M	124.54M	82.03M	64.85M	191.46M	217.31M	198.77M	207.78M	168.98M	149.10M	146.41M	187.01M	161.56M	133.07M	158.18M	34.39M	24.76M	19.85M	18.89M	20.00M	22.50M	19.80M	21.50M	2.10M
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	7.58M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	242.01M	211.11M	228.13M	183.73M	201.04M	148.15M	312.05M	181.62M	131.73M	124.54M	82.03M	64.85M	191.46M	217.31M	198.77M	207.78M	168.98M	149.10M	153.99M	187.01M	161.56M	133.07M	158.18M	34.39M	24.76M	19.85M	18.89M	20.00M	22.50M	19.80M	21.50M	2.10M
Net Receivables	274.93M	314.35M	354.88M	259.35M	190.88M	114.18M	172.48M	183.70M	203.54M	171.12M	166.37M	167.59M	178.20M	103.29M	89.62M	98.16M	43.51M	38.87M	55.27M	48.78M	74.44M	63.47M	30.30M	24.49M	24.94M	26.40M	20.35M	29.77M	19.50M	20.90M	23.10M	16.40M
Inventory	1,662.26M	1,842.31M	1,787.74M	1,801.45M	1,429.43M	1,020.14M	858.29M	1,326.08M	1,339.92M	1,033.29M	840.30M	1,061.20M	1,024.10M	802.22M	690.95M	649.63M	321.93M	269.96M	362.23M	365.95M	484.70M	338.21M	189.79M	137.42M	115.33M	114.31M	177.42M	173.57M	107.10M	66.80M	36.70M	36.50M
Other Current Assets	38.13M	27.94M	18.96M	15.78M	29.78M	26.00M	14.91M	21.15M	2.27M	34.17M	13.96M	0.00M	5.05M	16.28M	14.63M	12.29M	24.39M	15.06M	6.73M	8.73M	9.62M	5.69M	2.96M	11.69M	21.34M	1.51M	1.87M	0.74M	0.60M	0.30M	1.50M	0.30M
Total Current Assets	2,217.32M	2,395.70M	2,389.72M	2,260.30M	1,851.12M	1,308.47M	1,357.73M	1,712.55M	1,677.45M	1,363.13M	1,102.65M	1,293.63M	1,398.82M	1,139.10M	993.97M	967.85M	558.81M	472.98M	578.22M	610.46M	730.32M	540.44M	381.23M	207.99M	186.37M	162.07M	218.52M	224.07M	149.70M	107.80M	82.80M	55.30M
Property, Plant & Equipment	1,817.39M	1,801.29M	1,727.04M	1,608.25M	1,471.28M	1,347.22M	1,264.30M	1,337.13M	1,184.05M	1,159.60M	1,135.81M	1,172.82M	923.08M	739.66M	622.11M	499.67M	445.92M	354.75M	332.15M	299.01M	278.69M	196.16M	138.95M	114.48M	117.86M	132.20M	130.53M	103.43M	54.40M	34.20M	23.20M	17.60M
Goodwill	440.75M	441.97M	427.49M	420.71M	416.36M	370.33M	292.14M	292.14M	291.39M	291.39M	290.19M	285.04M	265.15M	215.46M	198.26M	182.61M	150.39M	140.84M	141.90M	120.58M	117.07M	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	12.00M	12.30M	12.30M	14.10M	14.00M	15.90M	37.96M	57.68M	59.37M	60.91M	53.62M	52.61M	48.51M	0.00M	0.00M	0.00M	0.00M	0.00M	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	0.00M	4.70M	8.40M	0.00M	0.00M	41.20M	34.90M	-179.27M	6.38M	6.23M	6.65M	6.91M	6.63M	6.63M	6.63M	7.58M	7.58M	-6.73M	-7.03M	-7.50M	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	141.31M	135.31M	197.33M	188.99M	18.39M	16.28M	14.63M	12.29M	10.28M	11.41M	6.73M	7.03M	7.50M	3.86M	1.54M	2.86M	4.38M	1.51M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	77.60M	76.82M	56.60M	54.28M	53.38M	63.88M	16.03M	14.71M	37.96M	-135.31M	-197.33M	-188.99M	-18.39M	-16.28M	-14.63M	36.50M	-5.04M	-10.26M	1.15M	1.53M	2.33M	99.78M	44.21M	40.43M	34.14M	41.20M	37.89M	38.20M	16.60M	13.50M	3.20M	3.20M
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	2,335.74M	2,320.07M	2,227.83M	2,103.94M	1,953.32M	1,795.52M	1,627.67M	1,694.78M	1,513.41M	1,515.04M	1,491.60M	1,525.42M	1,248.75M	1,014.36M	875.51M	737.70M	609.13M	504.31M	475.20M	421.13M	398.09M	299.80M	184.71M	157.77M	156.38M	174.90M	168.42M	141.62M	71.00M	47.70M	26.40M	20.80M
Total Assets	4,553.06M	4,715.77M	4,617.55M	4,364.24M	3,804.45M	3,103.99M	2,985.39M	3,407.33M	3,190.86M	2,878.17M	2,594.25M	2,819.06M	2,647.56M	2,153.46M	1,869.48M	1,705.54M	1,167.93M	977.30M	1,053.42M	1,031.59M	1,128.41M	840.23M	565.93M	365.76M	342.75M	336.97M	386.94M	365.70M	220.70M	155.50M	109.20M	76.10M
Accounts Payable	280.65M	297.43M	244.02M	162.13M	171.72M	122.29M	110.73M	133.70M	127.45M	107.91M	97.84M	120.26M	124.56M	100.38M	62.27M	62.30M	37.93M	22.43M	31.53M	40.45M	37.45M	23.33M	16.97M	16.17M	15.08M	15.28M	14.16M	9.71M	6.90M	5.80M	5.20M	7.60M
Short-Term Debt	1,007.22M	1,088.91M	1,081.20M	1,193.30M	933.20M	630.73M	690.03M	1,218.61M	1,204.61M	940.82M	792.11M	1,020.47M	1,006.27M	701.16M	625.22M	584.16M	308.06M	250.53M	323.82M	311.69M	475.29M	339.82M	186.52M	149.73M	114.25M	123.35M	191.43M	170.28M	96.30M	65.70M	44.40M	37.90M
Tax Payables	0.00M	0.00M	0.00M	6.77M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	102.12M	107.72M	109.75M	0.00M	0.00M	0.00M	0.00M	0.00M	36.18M	27.35M	18.42M	22.44M	44.88M	58.32M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	28.41M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	0.00M	0.00M	160.81M	311.10M	121.54M	84.86M	226.04M	155.09M	-34.46M	-29.04M	-11.27M	-24.78M	-2.97M	-18.54M	18.51M	0.00M	-7.97M	-5.73M	-3.45M	0.00M	0.00M	0.00M	0.00M	0.00M	22.40M	0.00M	17.41M	41.24M	30.80M	18.00M	8.50M	9.20M
Total Current Liabilities	1,389.99M	1,494.05M	1,595.78M	1,673.31M	1,226.46M	837.88M	1,026.79M	1,507.39M	1,333.78M	1,047.04M	897.11M	1,138.38M	1,172.74M	841.32M	706.00M	646.46M	338.02M	267.23M	351.90M	352.14M	512.74M	363.15M	203.49M	165.90M	180.14M	138.64M	223.00M	221.23M	134.00M	89.50M	58.10M	54.70M
Long-Term Debt	263.01M	412.85M	408.44M	414.00M	275.43M	334.93M	387.98M	438.41M	439.22M	466.39M	472.50M	496.73M	429.19M	385.54M	319.63M	264.82M	189.85M	153.96M	172.01M	165.35M	166.13M	114.35M	79.97M	66.26M	69.96M	82.58M	79.61M	65.41M	32.20M	22.70M	13.40M	13.70M
Capital Lease Obligations	252.20M	252.17M	244.45M	202.13M	226.72M	186.60M	141.90M	117.03M	69.11M	83.14M	84.49M	83.77M	57.25M	45.47M	49.97M	45.55M	42.20M	34.44M	11.37M	13.10M	14.80M	14.63M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	198.45M	179.78M	178.92M	159.57M	0.00M	0.00M	126.44M	164.30M	141.31M	135.31M	197.33M	188.99M	175.64M	147.82M	123.76M	93.12M	63.54M	54.60M	52.90M	40.90M	33.86M	23.34M	20.17M	16.91M	14.72M	12.51M	8.09M	4.20M	1.60M	1.20M	1.00M	0.00M
Other Non-Current Liabilities	34.56M	32.37M	28.06M	24.81M	171.43M	166.99M	34.25M	20.70M	11.12M	9.84M	7.21M	5.28M	4.47M	4.68M	2.48M	2.23M	0.36M	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	0.00M	0.00M
Total Non-Current Liabilities	748.21M	877.15M	859.87M	800.51M	673.58M	688.52M	690.56M	740.45M	660.76M	694.68M	761.54M	774.77M	666.54M	583.51M	495.85M	405.73M	295.96M	243.00M	236.27M	219.36M	214.78M	152.31M	100.14M	83.17M	84.68M	95.09M	87.70M	69.62M	33.80M	23.90M	14.40M	13.70M
Total Liabilities	2,138.20M	2,371.20M	2,455.64M	2,473.82M	1,900.04M	1,526.40M	1,717.36M	2,247.84M	1,994.54M	1,741.72M	1,658.65M	1,913.15M	1,839.28M	1,424.83M	1,201.85M	1,052.19M	633.98M	510.23M	588.17M	571.50M	727.52M	515.46M	303.63M	249.08M	264.82M	233.73M	310.70M	290.84M	167.80M	113.40M	72.50M	68.40M
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	0.83M	0.83M	0.82M	0.81M	0.57M	0.56M	0.55M	0.47M	0.46M	0.45M	0.44M	0.43M	0.42M	0.41M	0.40M	0.40M	0.39M	0.39M	0.39M	0.38M	0.25M	0.25M	0.24M	0.14M	0.14M	0.07M	0.07M	0.07M	0.00M	0.00M	0.00M	0.00M
Retained Earnings	1,854.54M	1,802.81M	1,698.61M	1,450.03M	1,378.34M	1,031.58M	831.85M	1,065.55M	942.29M	812.56M	640.43M	599.85M	533.79M	453.84M	404.62M	342.16M	286.95M	255.67M	249.79M	220.92M	169.56M	110.77M	66.15M	49.23M	40.40M	42.21M	38.95M	35.63M	19.50M	8.70M	3.30M	6.90M
Accumulated OCI	-6.46M	-4.28M	-9.29M	-2.16M	-4.13M	0.79M	0.87M	0.34M	-576.35M	-514.93M	-0.29M	-0.31M	-0.46M	-1.20M	-1.76M	-1.95M	-0.22M	-143.89M	-124.60M	-100.15M	-80.71M	-70.70M	-59.35M	-58.29M	-47.89M	-38.42M	-26.91M	-16.58M	-10.60M	-5.60M	-6.60M	-4.30M
Minority Interest	22.25M	21.20M	20.35M	19.54M	18.53M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	1,848.91M	1,799.37M	1,690.15M	1,448.67M	1,374.78M	1,032.93M	833.27M	1,066.36M	366.40M	298.08M	640.58M	599.97M	533.76M	453.05M	403.27M	340.61M	287.12M	112.17M	125.57M	121.15M	89.10M	40.32M	7.03M	-8.92M	-7.35M	3.86M	12.12M	19.12M	8.90M	3.10M	-3.30M	2.60M
Total Equity	1,871.16M	1,820.57M	1,710.50M	1,468.21M	1,393.31M	1,032.93M	833.27M	1,066.36M	366.40M	298.08M	640.58M	599.97M	533.76M	453.05M	403.27M	340.61M	287.12M	112.17M	125.57M	121.15M	89.10M	40.32M	7.03M	-8.92M	-7.35M	3.86M	12.12M	19.12M	8.90M	3.10M	-3.30M	2.60M
Total Liabilities & Equity	4,009.36M	4,191.77M	4,166.14M	3,942.03M	3,293.35M	2,559.33M	2,550.63M	3,314.19M	2,360.94M	2,039.80M	2,299.23M	2,513.12M	2,373.04M	1,877.88M	1,605.11M	1,392.80M	921.10M	622.40M	713.74M	692.65M	816.62M	555.78M	310.66M	240.16M	257.47M	237.59M	322.81M	309.96M	176.70M	116.50M	69.20M	71.00M
Tangible Assets	4,112.31M	4,273.81M	4,178.05M	3,931.23M	3,375.78M	2,719.56M	2,679.25M	3,099.29M	2,861.51M	2,529.10M	2,244.69M	2,473.11M	2,328.80M	1,885.39M	1,622.71M	1,522.93M	1,017.55M	836.46M	911.52M	911.01M	1,011.34M	840.23M	565.93M	365.76M	342.75M	336.97M	386.94M	365.70M	220.70M	155.50M	109.20M	76.10M
Tangible Equity	1,430.41M	1,378.60M	1,271.01M	1,035.20M	964.65M	648.50M	527.13M	758.31M	37.05M	-50.99M	291.02M	254.02M	214.99M	184.98M	156.50M	158.00M	136.73M	-28.67M	-16.33M	0.57M	-27.97M	40.32M	7.03M	-8.92M	-7.35M	3.86M	12.12M	19.12M	8.90M	3.10M	-3.30M	2.60M
Tangible Book Value	1,430.41M	1,378.60M	1,271.01M	1,035.20M	964.65M	648.50M	527.13M	758.31M	37.05M	-50.99M	291.02M	254.02M	214.99M	184.98M	156.50M	158.00M	136.73M	-28.67M	-16.33M	0.57M	-27.97M	40.32M	7.03M	-8.92M	-7.35M	3.86M	12.12M	19.12M	8.90M	3.10M	-3.30M	2.60M
Total Investments	0.00M	0.00M	4.70M	8.40M	0.00M	0.00M	41.20M	34.90M	-179.27M	6.38M	6.23M	6.65M	6.91M	6.63M	6.63M	6.63M	7.58M	7.58M	0.85M	-7.03M	-7.50M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt	1,028.22M	1,290.65M	1,261.51M	1,423.58M	1,007.59M	817.51M	765.96M	1,475.40M	1,512.10M	1,282.67M	1,182.59M	1,452.36M	1,244.00M	869.39M	746.08M	641.21M	328.93M	255.39M	349.42M	290.03M	479.85M	321.10M	108.32M	181.61M	159.44M	186.08M	252.15M	215.69M	106.00M	68.60M	36.30M	49.50M

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	594.7M	677.3M	739.6M	587.0M	439.1M	321.0M	330.9M	205.2M	194.6M	202.9M	118.3M	79.5M	170.9M	224.3M	217.6M	189.2M	143.8M	159.2M	177.1M	197.8M	156.3M	126.1M	138.2M	14.1M	8.0M	1.6M	-2.5M	2.8M	15.7M	18.3M	24.7M	0.6M
Total Capital	3,736.9M	3,907.7M	3,875.6M	3,680.3M	3,179.9M	2,619.0M	2,487.9M	2,933.5M	2,760.2M	2,513.6M	2,211.9M	2,431.2M	2,245.8M	1,787.3M	1,602.8M	1,425.8M	997.1M	859.4M	926.7M	889.7M	995.8M	742.4M	489.3M	304.7M	263.9M	287.4M	349.2M	310.5M	181.4M	130.5M	94.5M	59.3M
Capital Employed	2,930.5M	2,997.3M	2,967.4M	2,690.9M	2,392.4M	2,116.5M	1,958.6M	1,899.9M	1,708.1M	1,717.9M	1,609.9M	1,605.0M	1,419.7M	1,238.6M	1,093.1M	926.9M	752.9M	663.5M	652.3M	618.9M	554.4M	425.9M	322.9M	171.9M	164.4M	176.5M	165.9M	144.5M	86.7M	66.0M	51.1M	21.4M
Invested Capital	3,494.9M	3,696.6M	3,647.5M	3,496.6M	2,978.8M	2,470.9M	2,175.9M	2,751.9M	2,628.5M	2,389.1M	2,129.9M	2,366.3M	2,054.4M	1,570.0M	1,404.0M	1,218.0M	828.1M	710.3M	780.3M	702.7M	834.3M	609.3M	331.1M	270.3M	239.1M	267.5M	330.3M	290.5M	158.9M	110.7M	73.0M	57.2M

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	276.10M	307.74M	304.97M	347.06M	392.09M	241.42M	114.89M	141.58M	139.06M	172.13M	40.58M	66.05M	79.96M	49.22M	62.46M	55.21M	31.28M	5.88M	28.87M	51.49M	58.79M	44.63M	17.18M	9.45M	8.73M	3.26M	3.33M	16.17M	10.80M	5.40M	6.20M	8.00M
Depreciation & Amortization	249.03M	231.46M	236.10M	221.14M	199.15M	169.50M	177.35M	175.48M	185.12M	157.95M	157.63M	144.94M	126.45M	93.49M	73.29M	56.93M	45.92M	40.70M	38.51M	35.80M	27.07M	21.01M	15.92M	15.54M	15.85M	16.16M	13.58M	8.38M	4.80M	3.00M	2.40M	1.90M
Deferred Income Tax	28.03M	15.22M	19.81M	7.60M	4.26M	14.03M	-37.86M	22.99M	6.00M	-62.20M	8.33M	31.65M	25.23M	22.08M	28.16M	28.68M	10.22M	-2.98M	9.94M	7.52M	6.88M	1.29M	4.15M	3.70M	-0.66M	2.91M	3.89M	2.56M	0.50M	0.20M	1.00M	0.00M
Stock-Based Compensation	32.27M	29.95M	30.35M	30.35M	25.32M	22.25M	19.36M	19.01M	18.06M	15.61M	12.88M	12.38M	11.34M	8.65M	7.33M	5.68M	4.47M	3.66M	3.63M	3.44M	2.65M	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	556.74M	-271.07M	29.13M	-310.60M	-299.43M	-17.80M	495.92M	60.73M	-132.58M	-130.85M	294.97M	-28.65M	-150.69M	2.63M	49.94M	-225.83M	-14.44M	103.00M	3.18M	162.93M	-99.07M	-120.49M	-44.59M	-10.30M	-8.89M	68.29M	5.25M	-54.78M	-15.30M	1.10M	-9.50M	-14.70M
Accounts Receivable	25.96M	-25.96M	-87.10M	0.00M	-74.61M	32.31M	11.22M	19.83M	-7.75M	-29.42M	1.67M	11.92M	-67.66M	-10.36M	14.18M	-49.99M	-0.22M	16.41M	-4.82M	25.69M	-10.13M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	399.59M	-212.08M	85.07M	0.00M	-324.51M	-33.57M	536.68M	81.72M	-255.04M	-147.45M	291.77M	18.66M	-151.91M	-67.22M	32.58M	-268.18M	-48.55M	104.45M	30.06M	132.36M	-114.38M	-102.31M	-49.69M	-13.15M	-12.74M	65.08M	-2.56M	-46.74M	-25.00M	-6.70M	-0.20M	-10.60M
Accounts Payable	106.58M	-3.62M	81.86M	-10.63M	31.44M	12.05M	-23.34M	2.24M	18.49M	8.96M	-22.41M	-4.15M	24.18M	38.11M	-0.03M	24.37M	15.33M	-9.10M	-8.92M	3.00M	14.04M	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	24.61M	-29.41M	-50.71M	-299.97M	68.25M	-28.60M	-28.65M	-43.06M	111.72M	37.06M	23.93M	-55.08M	44.71M	42.10M	3.21M	67.97M	18.99M	-8.75M	-13.14M	1.88M	11.40M	-18.18M	5.10M	2.86M	3.85M	3.21M	7.81M	-8.04M	9.70M	7.80M	-9.30M	-4.10M
Other Non-Cash Items	-0.94M	-1.38M	-0.81M	0.16M	-26.98M	-7.04M	-6.67M	1.48M	-0.30M	0.11M	6.79M	0.88M	-3.36M	-2.57M	-1.84M	-2.05M	-11.01M	0.03M	-1.07M	-2.48M	-3.17M	1.41M	1.70M	-2.07M	0.94M	-1.61M	-0.87M	-0.17M	-0.20M	-0.10M	0.00M	-0.60M
Net Cash from Operating Activities	1,141.23M	311.92M	619.55M	295.71M	294.40M	422.35M	762.98M	421.27M	215.36M	152.74M	521.17M	227.25M	88.94M	173.49M	219.34M	-81.37M	66.43M	150.30M	83.06M	258.70M	-6.86M	-52.16M	-5.64M	16.33M	15.97M	89.01M	25.18M	-27.83M	0.60M	9.30M	0.10M	-5.40M
Capital Expenditures (PPE)	-339.23M	-79.80M	-433.05M	-368.88M	-243.06M	-167.18M	-136.20M	-293.49M	-238.26M	-209.92M	-196.97M	-367.79M	-260.82M	-191.58M	-170.95M	-148.54M	-84.30M	-50.49M	-68.16M	-65.27M	-116.11M	-65.80M	-44.57M	-18.77M	-16.53M	-20.73M	-40.97M	-60.33M	-31.50M	-10.20M	-8.50M	-6.30M
Acquisitions (Net)	-0.14M	-35.23M	-16.36M	-16.05M	6.74M	-269.33M	0.00M	-32.67M	-2.18M	-2.18M	-0.68M	-69.01M	-157.63M	-72.73M	-104.57M	-94.63M	-39.27M	0.00M	-37.40M	-7.87M	-36.09M	-66.03M	-3.50M	-5.55M	0.00M	-2.65M	-2.57M	-21.76M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-22.50M	8.51M	3.97M	12.49M	3.32M	0.25M	0.00M	0.00M	0.00M	0.00M	0.00M	-355.58M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	22.50M	6.38M	0.33M	0.45M	0.28M	0.15M	0.00M	0.00M	0.00M	0.00M	0.00M	348.00M	0.00M	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 Investing Activities	-130.59M	-286.87M	3.83M	-2.10M	-4.61M	3.60M	8.74M	5.70M	-1.68M	1.24M	-4.71M	-3.03M	1.63M	-5.36M	1.23M	11.35M	26.86M	0.73M	2.09M	5.63M	7.00M	8.32M	13.23M	7.49M	4.88M	1.84M	2.63M	-1.19M	0.30M	-35.90M	0.40M	1.60M
Net Cash from Investing Activities	-469.97M	-401.90M	-445.58M	-387.03M	-240.93M	-432.91M	-127.46M	-320.46M	-227.24M	-206.56M	-189.41M	-436.23M	-416.42M	-269.67M	-274.30M	-231.83M	-96.71M	-49.76M	-111.04M	-67.51M	-145.20M	-123.51M	-34.83M	-16.83M	-11.65M	-21.54M	-40.91M	-83.27M	-31.20M	-46.10M	-8.10M	-4.70M
Net Debt Issuance	-443.97M	238.23M	-73.33M	325.26M	132.99M	-89.56M	-478.81M	18.07M	145.03M	107.34M	-279.03M	80.40M	296.72M	115.69M	39.23M	344.85M	46.99M	-98.31M	3.58M	-170.72M	176.19M	147.69M	50.50M	10.04M	0.67M	-66.51M	14.62M	108.59M	33.20M	35.10M	-1.70M	1.90M
Long-Term Debt Issuance	-243.66M	238.23M	-19.06M	325.26M	-140.92M	-89.56M	-478.81M	18.07M	145.03M	107.34M	-67.23M	80.40M	296.72M	115.69M	39.23M	344.99M	47.17M	-4.87M	-2.29M	1.98M	176.19M	147.69M	6.03M	10.04M	0.67M	-66.51M	14.62M	108.59M	33.20M	35.10M	-1.70M	1.90M
Short-Term Debt Issuance	-200.31M	0.00M	-54.27M	0.00M	273.91M	0.00M	0.00M	0.00M	0.00M	0.00M	-207.81M	0.00M	0.00M	0.00M	-20.68M	282.88M	43.72M	-93.45M	5.86M	-172.70M	0.00M	0.00M	44.47M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-130.38M	-114.55M	-15.75M	-218.80M	-93.71M	-33.60M	-24.87M	-49.94M	-116.63M	-33.80M	-43.51M	2.30M	-0.29M	-3.55M	0.00M	0.00M	2.28M	0.83M	-16.82M	2.80M	2.21M	3.11M	113.82M	0.18M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	31.40M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	8.26M	3.77M	11.96M	9.33M	5.06M	5.52M	2.28M	0.83M	1.12M	2.80M	2.21M	3.18M	113.82M	0.18M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	31.40M	0.00M
Common Stock Repurchased	-130.38M	-114.55M	-15.75M	-211.78M	-93.71M	-33.60M	-24.87M	-58.19M	-120.56M	-33.80M	-43.51M	-1.46M	-12.25M	-12.87M	0.00M	0.00M	0.00M	0.00M	-17.95M	0.00M	0.00M	-0.07M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	-7.02M	0.00M	0.00M	0.00M	8.24M	3.93M	0.00M	0.00M	3.77M	11.96M	9.33M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.06M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-58.01M	-54.72M	-55.51M	-50.58M	-44.56M	-41.06M	-22.46M	-18.32M	-9.33M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-10.20M	-3.60M
Common Dividends Paid	-58.01M	-54.72M	-55.51M	-50.58M	-44.56M	-41.06M	-22.46M	-18.32M	-9.33M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-10.20M	-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	0.00M	0.00M	0.00M	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	18.16M	14.08M	15.26M	18.08M	4.59M	10.87M	21.04M	-0.73M	0.00M	22.80M	7.97M	-0.34M	5.21M	2.57M	6.73M	7.15M	0.89M	-0.37M	0.63M	2.18M	2.15M	-0.24M	-0.06M	-0.10M	-0.08M	0.00M	0.00M	0.00M	0.10M	0.00M	7.90M	13.10M
Net Cash from Financing Activities	-614.19M	83.05M	-129.32M	73.96M	-0.69M	-153.34M	-505.10M	-50.92M	19.06M	96.34M	-314.58M	82.37M	301.64M	114.71M	45.96M	351.99M	50.16M	-97.85M	-12.61M	-165.74M	180.55M	150.56M	164.26M	10.13M	0.59M	-66.51M	14.62M	108.59M	33.30M	35.10M	27.40M	11.40M
Effect of FX on Cash	-0.14M	0.02M	-0.25M	0.04M	0.12M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	56.93M	-6.92M	44.41M	-17.32M	52.90M	-163.90M	130.43M	49.89M	7.19M	42.52M	17.18M	-126.62M	-25.84M	18.53M	-9.00M	38.80M	19.88M	2.68M	-40.60M	25.45M	28.49M	-25.11M	123.79M	9.63M	4.91M	0.96M	-1.11M	-2.51M	2.70M	-1.70M	19.40M	1.30M
Cash at Beginning of Period	853.03M	698.88M	183.73M	201.04M	148.15M	312.05M	181.62M	131.73M	124.54M	82.03M	64.85M	191.46M	217.31M	198.77M	207.78M	168.98M	149.10M	146.41M	187.01M	161.56M	133.07M	158.18M	34.39M	24.76M	19.85M	18.89M	20.00M	22.52M	19.80M	21.50M	2.10M	0.90M
Cash at End of Period	909.96M	691.97M	228.13M	183.73M	201.04M	148.15M	312.05M	181.62M	131.73M	124.54M	82.03M	64.85M	191.46M	217.31M	198.77M	207.78M	168.98M	149.10M	146.41M	187.01M	161.56M	133.07M	158.18M	34.39M	24.76M	19.85M	18.89M	20.00M	22.50M	19.80M	21.50M	2.20M
Operating Cash Flow	1,141.23M	311.92M	619.55M	295.71M	294.40M	422.35M	762.98M	421.27M	215.36M	152.74M	521.17M	227.25M	88.94M	173.49M	219.34M	-81.37M	66.43M	150.30M	83.06M	258.70M	-6.86M	-52.16M	-5.64M	16.33M	15.97M	89.01M	25.18M	-27.83M	0.60M	9.30M	0.10M	-5.40M
Capital Expenditure	-447.64M	-384.03M	-433.05M	-368.88M	-243.06M	-167.18M	-136.20M	-293.49M	-238.26M	-209.92M	-196.97M	-367.79M	-260.82M	-191.58M	-170.95M	-148.54M	-84.30M	-50.49M	-68.16M	-65.27M	-116.11M	-65.80M	-44.57M	-18.77M	-16.53M	-20.73M	-40.97M	-60.33M	-31.50M	-10.20M	-8.50M	-6.30M
Free Cash Flow	693.58M	-72.11M	186.50M	-73.17M	51.34M	255.17M	626.78M	127.78M	-22.90M	-57.18M	324.21M	-140.54M	-171.88M	-18.10M	48.39M	-229.91M	-17.87M	99.81M	14.90M	193.43M	-122.97M	-117.96M	-50.21M	-2.44M	-0.56M	68.28M	-15.79M	-88.16M	-30.90M	-0.90M	-8.40M	-11.70M

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	687.91M	695.33M	771.93M	792.51M	758.47M	530.46M	387.56M	447.36M	458.17M	356.83M	287.86M	310.61M	308.83M	215.16M	212.33M	173.94M	103.34M	66.29M	107.16M	147.21M	149.69M	115.04M	59.12M	44.59M	45.33M	43.82M	48.77M	51.89M	33.60M	17.20M	16.40M	13.20M
(-) Tax Adjustment	159.69M	168.07M	180.16M	195.53M	174.59M	122.21M	94.09M	113.16M	110.33M	0.00M	100.75M	108.71M	108.09M	75.31M	74.32M	60.88M	33.41M	0.00M	37.51M	51.52M	52.39M	40.26M	20.69M	15.60M	15.87M	15.34M	17.07M	18.16M	11.76M	6.02M	4.44M	0.00M
(-) Change In Working Capital	556.74M	-271.07M	29.13M	-310.60M	-299.43M	-17.80M	495.92M	60.73M	-132.58M	-130.85M	294.97M	-28.65M	-150.69M	2.63M	49.94M	-225.83M	-14.44M	103.00M	3.18M	162.93M	-99.07M	-120.49M	-44.59M	-10.30M	-8.89M	68.29M	5.25M	-54.78M	-15.30M	1.10M	-9.50M	-14.70M
(-) Capital Expenditure	-447.64M	-384.03M	-433.05M	-368.88M	-243.06M	-167.18M	-136.20M	-293.49M	-238.26M	-209.92M	-196.97M	-367.79M	-260.82M	-191.58M	-170.95M	-148.54M	-84.30M	-50.49M	-68.16M	-65.27M	-116.11M	-65.80M	-44.57M	-18.77M	-16.53M	-20.73M	-40.97M	-60.33M	-31.50M	-10.20M	-8.50M	-6.30M
Unlevered Free Cash Flow	-476.17M	414.29M	129.60M	538.70M	640.25M	258.87M	-338.66M	-20.02M	242.16M	277.77M	-304.82M	-137.24M	90.60M	-54.36M	-82.88M	190.35M	0.07M	-87.19M	-1.68M	-132.52M	80.26M	129.46M	38.45M	20.51M	21.83M	-60.54M	-14.52M	28.18M	5.64M	-0.12M	12.96M	21.60M
(-) Net Interest Income After Taxes	-40.75M	-53.54M	-54.32M	-39.86M	-14.72M	-1.36M	-6.83M	-21.52M	-14.94M	-12.31M	-9.28M	-8.76M	-7.28M	-6.95M	-8.46M	-4.65M	-3.63M	-5.70M	-4.70M	-9.69M	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	-443.97M	238.23M	-73.33M	325.26M	132.99M	-89.56M	-478.81M	18.07M	145.03M	107.34M	-279.03M	80.40M	296.72M	115.69M	39.23M	344.85M	46.99M	-98.31M	3.58M	-170.72M	176.19M	147.69M	50.50M	10.04M	0.67M	-66.51M	14.62M	108.59M	33.20M	35.10M	-1.70M	1.90M
Levered Free Cash Flow	-879.39M	706.06M	110.59M	903.82M	787.96M	170.68M	-810.64M	19.57M	402.13M	397.42M	-574.58M	-48.08M	394.60M	68.28M	-35.19M	539.85M	50.69M	-179.81M	6.59M	-293.55M	256.45M	277.15M	88.95M	30.55M	22.50M	-127.05M	0.10M	136.77M	38.84M	34.98M	11.26M	23.50M