Aluminum

Category: Industry Averages Base Ticker: 0098.HK

Methodology: Industry metrics are calculated using the Top 100 companies by revenue within the industry. Values shown represent averages, not aggregates, and are winsorized at the 80/20 percentile to reduce the impact of extreme outliers. All financials are USD-normalized and intended to reflect the core economic structure of the industry.

Industry Enterprise Value

Metric	MRQ	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	2.65	2.04	1.76	1.83	1.94	1.36	1.25	1.18	1.45	1.50	1.43	1.10	0.88	0.94	0.94	1.21	1.02	0.69	1.49	1.32	1.61	1.24	1.00	1.05	1.10	1.15	0.85	2.32	3.40	4.24	0.85
Market Capitalization	1,193.63M	734.23M	765.39M	803.67M	740.48M	547.90M	480.36M	404.09M	622.38M	537.81M	551.96M	439.50M	310.84M	264.23M	273.69M	383.15M	330.76M	234.30M	623.94M	508.05M	504.32M	498.84M	747.95M	674.23M	829.68M	842.28M	261.22M	697.04M	738.90M	719.84M	802.50M
(-) Cash & Equivalents	114.35M	93.12M	82.74M	64.03M	65.31M	61.17M	41.06M	44.27M	31.60M	38.77M	33.13M	53.91M	33.53M	55.90M	54.99M	46.26M	35.60M	26.82M	21.79M	34.46M	35.56M	30.49M	31.00M	51.96M	58.94M	22.32M	31.72M	24.38M	6.63M	23.04M	9.18M
(+) Total Debt	405.63M	239.35M	205.17M	199.40M	173.58M	165.81M	139.48M	140.26M	126.88M	121.73M	100.48M	138.16M	113.53M	108.10M	104.32M	79.31M	71.32M	81.46M	56.44M	88.27M	165.63M	128.15M	130.81M	140.75M	294.16M	72.52M	62.51M	237.90M	243.96M	231.38M	269.43M
Enterprise Value	1,574.02M	946.48M	926.82M	954.95M	985.91M	683.74M	594.03M	563.00M	739.98M	667.36M	652.91M	549.09M	359.07M	345.38M	339.48M	420.29M	357.27M	286.07M	653.84M	591.87M	654.18M	603.26M	809.35M	890.33M	1,117.57M	1,163.42M	269.92M	937.32M	973.05M	931.74M	1,056.54M

Industry Income Statement

Metric	TTM	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
Revenue	1,249.862M	1,054.152M	866.824M	970.626M	791.197M	590.375M	586.549M	543.693M	536.137M	441.668M	419.513M	393.584M	339.486M	346.351M	419.561M	367.458M	314.147M	339.479M	359.693M	360.576M	492.441M	374.222M	442.957M	533.414M	323.331M	648.448M	209.706M	564.931M	653.641M	604.936M	793.173M
Cost of Revenue	1,036.345M	924.249M	757.518M	748.919M	652.645M	404.661M	484.081M	463.364M	442.876M	366.472M	365.637M	332.205M	303.293M	325.901M	368.844M	319.261M	264.472M	291.655M	270.156M	264.822M	381.534M	248.400M	427.644M	494.644M	273.939M	496.231M	194.572M	478.971M	547.137M	516.830M	634.388M
Gross Profit	213.518M	129.903M	109.305M	221.707M	138.552M	185.714M	102.467M	80.329M	93.261M	75.196M	53.876M	61.380M	36.194M	20.451M	50.717M	48.197M	49.675M	47.825M	89.538M	95.754M	110.907M	125.822M	15.313M	38.771M	49.392M	152.217M	15.134M	85.959M	106.504M	88.106M	158.785M
Gross Margin	17.08%	12.32%	12.61%	22.84%	17.51%	31.46%	17.47%	14.77%	17.40%	17.03%	12.84%	15.60%	10.66%	5.90%	12.09%	13.12%	15.81%	14.09%	24.89%	26.56%	22.52%	33.62%	3.46%	7.27%	15.28%	23.47%	7.22%	15.22%	16.29%	14.56%	20.02%
R&D Expenses	12.316M	13.253M	11.393M	10.757M	9.447M	8.001M	6.723M	5.204M	3.696M	3.513M	3.453M	2.303M	1.410M	1.550M	0.343M	0.332M	0.043M	0.006M	0.008M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M
SG&A Expenses	27.088M	29.298M	25.657M	25.818M	25.849M	23.069M	32.485M	25.570M	27.681M	22.166M	21.850M	20.949M	17.428M	12.404M	10.390M	8.614M	9.788M	10.996M	10.225M	13.641M	27.530M	34.522M	85.040M	19.050M	10.687M	8.002M	6.958M	7.647M	6.905M	6.584M	4.177M
Operating Expenses	39.404M	42.551M	37.050M	36.575M	35.296M	31.070M	39.208M	30.774M	31.378M	25.678M	25.303M	23.252M	18.839M	13.954M	10.733M	8.946M	9.831M	11.002M	10.233M	13.641M	27.530M	34.522M	85.040M	19.050M	10.687M	8.002M	6.958M	7.647M	6.905M	6.584M	4.177M
Operating Income	174.114M	87.352M	72.255M	185.132M	103.255M	154.644M	63.260M	49.555M	61.883M	49.518M	28.573M	38.128M	17.355M	6.497M	39.985M	39.252M	39.844M	36.822M	79.305M	82.113M	83.378M	91.301M	-69.727M	19.721M	38.705M	144.215M	8.176M	78.313M	99.599M	81.522M	154.608M
Operating Margin	13.93%	8.29%	8.34%	19.07%	13.05%	26.19%	10.79%	9.11%	11.54%	11.21%	6.81%	9.69%	5.11%	1.88%	9.53%	10.68%	12.68%	10.85%	22.05%	22.77%	16.93%	24.40%	-15.74%	3.70%	11.97%	22.24%	3.90%	13.86%	15.24%	13.48%	19.49%
Interest Income	1.953M	1.974M	1.905M	1.316M	0.954M	0.861M	1.438M	0.869M	0.724M	0.720M	1.108M	0.956M	0.891M	0.966M	0.806M	0.400M	0.261M	0.271M	0.132M	0.169M	0.861M	0.397M	0.325M	0.169M	0.077M	0.099M	0.000M	0.149M	0.000M	0.000M	0.000M
Interest Expense	11.876M	11.268M	11.740M	10.184M	9.283M	10.117M	9.309M	8.594M	8.661M	6.861M	6.859M	6.999M	5.688M	6.290M	5.784M	4.361M	4.098M	4.233M	2.879M	3.966M	6.271M	3.177M	2.560M	3.147M	2.759M	1.482M	1.338M	0.811M	1.191M	0.991M	1.362M
Net Interest Income	-9.923M	-9.295M	-9.835M	-8.869M	-8.328M	-9.256M	-7.871M	-7.725M	-7.938M	-6.141M	-5.751M	-6.044M	-4.797M	-5.324M	-4.978M	-3.960M	-3.837M	-3.962M	-2.748M	-3.797M	-5.410M	-2.780M	-2.235M	-2.977M	-2.682M	-1.383M	-1.338M	-0.662M	-1.191M	-0.991M	-1.362M
Other Income / Expense	-101.049M	-22.761M	-19.255M	-107.211M	-44.804M	-121.155M	-30.030M	-20.282M	-25.571M	-24.815M	-11.593M	-18.642M	-3.609M	8.442M	-20.740M	-20.789M	-26.784M	-25.522M	-42.560M	-55.517M	-43.746M	-60.170M	89.211M	-1.347M	-5.106M	-124.097M	1.544M	-68.705M	-78.977M	-69.254M	-111.862M
Pre-Tax Income	63.142M	55.296M	43.165M	69.052M	50.123M	24.233M	25.358M	21.548M	28.375M	18.561M	11.230M	13.442M	8.949M	9.615M	14.267M	14.502M	9.223M	7.338M	33.997M	22.800M	34.222M	28.351M	17.248M	15.396M	30.918M	18.736M	8.383M	8.946M	19.431M	11.277M	41.385M
Pre-Tax Margin	5.05%	5.25%	4.98%	7.11%	6.34%	4.10%	4.32%	3.96%	5.29%	4.20%	2.68%	3.42%	2.64%	2.78%	3.40%	3.95%	2.94%	2.16%	9.45%	6.32%	6.95%	7.58%	3.89%	2.89%	9.56%	2.89%	4.00%	1.58%	2.97%	1.86%	5.22%
Income Tax Expense	10.547M	7.744M	5.338M	9.999M	7.028M	4.288M	4.541M	4.626M	4.076M	3.501M	2.539M	3.264M	1.929M	1.768M	2.182M	2.544M	1.666M	1.630M	8.873M	7.104M	10.970M	8.925M	6.406M	6.775M	28.702M	5.567M	2.213M	2.764M	3.429M	3.008M	13.542M
Tax Rate	16.70%	14.00%	12.37%	14.48%	14.02%	17.70%	17.91%	21.47%	14.37%	18.86%	22.61%	24.28%	21.56%	18.39%	15.29%	17.54%	18.06%	22.21%	26.10%	31.16%	32.06%	31.48%	35.00%	35.00%	35.00%	29.71%	26.40%	30.89%	17.64%	26.67%	32.72%
Net Income	52.595M	47.553M	37.828M	59.053M	43.095M	19.945M	20.817M	16.922M	24.298M	15.060M	8.691M	10.178M	7.020M	7.847M	12.085M	11.958M	7.557M	5.708M	25.124M	15.696M	23.252M	19.427M	10.842M	8.621M	2.216M	13.169M	6.170M	6.182M	16.002M	8.269M	27.842M
Net Margin	4.21%	4.51%	4.36%	6.08%	5.45%	3.38%	3.55%	3.11%	4.53%	3.41%	2.07%	2.59%	2.07%	2.27%	2.88%	3.25%	2.41%	1.68%	6.98%	4.35%	4.72%	5.19%	2.45%	1.62%	0.69%	2.03%	2.94%	1.09%	2.45%	1.37%	3.51%
EBIT	174.114M	87.352M	72.255M	185.132M	103.255M	154.644M	63.260M	49.555M	61.883M	49.518M	28.573M	38.128M	17.355M	6.497M	39.985M	39.252M	39.844M	36.822M	79.305M	82.113M	83.378M	91.301M	-69.727M	19.721M	38.705M	144.215M	8.176M	78.313M	99.599M	81.522M	154.608M
Depreciation & Amortization	28.364M	34.992M	31.263M	28.155M	25.499M	22.813M	20.177M	18.297M	15.968M	14.993M	13.061M	13.773M	12.757M	9.740M	10.095M	9.806M	10.463M	7.481M	7.978M	12.978M	21.882M	19.378M	24.640M	34.224M	32.091M	6.716M	7.304M	24.306M	23.280M	24.132M	33.834M
EBITDA	202.478M	122.344M	103.518M	213.286M	128.755M	177.456M	83.436M	67.852M	77.852M	64.511M	41.634M	51.901M	30.112M	16.237M	50.080M	49.057M	50.307M	44.303M	87.282M	95.092M	105.259M	110.679M	-45.087M	53.944M	70.796M	150.932M	15.481M	102.618M	122.879M	105.654M	188.442M
EBITDA Margin	16.20%	11.61%	11.94%	21.97%	16.27%	30.06%	14.22%	12.48%	14.52%	14.61%	9.92%	13.19%	8.87%	4.69%	11.94%	13.35%	16.01%	13.05%	24.27%	26.37%	21.38%	29.58%	-10.18%	10.11%	21.90%	23.28%	7.38%	18.16%	18.80%	17.47%	23.76%
NOPAT	145.032M	75.119M	63.321M	158.325M	88.778M	127.278M	51.931M	38.917M	52.993M	40.177M	22.113M	28.869M	13.614M	5.302M	33.870M	32.365M	32.646M	28.643M	58.607M	56.528M	56.651M	62.561M	-45.322M	12.818M	25.158M	101.365M	6.018M	54.120M	82.025M	59.777M	104.016M
NOPAT Margin	11.60%	7.13%	7.30%	16.31%	11.22%	21.56%	8.85%	7.16%	9.88%	9.10%	5.27%	7.33%	4.01%	1.53%	8.07%	8.81%	10.39%	8.44%	16.29%	15.68%	11.50%	16.72%	-10.23%	2.40%	7.78%	15.63%	2.87%	9.58%	12.55%	9.88%	13.11%
Owner's Earnings	80.959M	82.544M	69.090M	87.208M	68.594M	42.757M	40.994M	35.219M	40.267M	30.053M	21.752M	23.951M	19.778M	17.587M	22.180M	21.764M	18.020M	13.190M	33.102M	28.674M	45.133M	38.805M	35.482M	42.845M	34.307M	19.885M	13.474M	30.488M	39.282M	32.400M	61.677M
Owner's Earnings Margin	6.48%	7.83%	7.97%	8.98%	8.67%	7.24%	6.99%	6.48%	7.51%	6.80%	5.19%	6.09%	5.83%	5.08%	5.29%	5.92%	5.74%	3.89%	9.20%	7.95%	9.17%	10.37%	8.01%	8.03%	10.61%	3.07%	6.43%	5.40%	6.01%	5.36%	7.78%
EPS	0.08	0.07	0.05	0.08	0.08	0.04	0.04	0.03	0.05	0.03	0.02	0.02	0.02	0.02	0.03	0.02	0.02	0.01	0.06	0.03	0.04	0.03	0.01	0.01	0.00	0.02	0.01	0.01	0.02	0.01	0.04
EPS (Diluted)	0.08	0.07	0.05	0.08	0.08	0.04	0.04	0.03	0.05	0.03	0.02	0.02	0.02	0.02	0.03	0.02	0.02	0.01	0.06	0.03	0.04	0.03	0.01	0.01	0.00	0.02	0.01	0.01	0.02	0.01	0.04
Shares (Diluted)	695,094,669	685,349,401	726,927,775	723,764,954	529,577,591	520,770,748	503,827,712	487,710,880	490,687,755	482,705,184	477,357,491	444,375,944	442,823,005	418,864,156	409,757,803	492,309,267	480,688,051	453,520,914	417,584,962	529,476,164	632,803,885	671,514,361	832,946,502	798,317,244	811,301,129	815,444,218	733,454,975	710,732,541	727,208,730	726,094,165	666,024,166

Industry Balance Sheet

Metric	MRQ	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
Cash & Cash Equivalents	108.21M	93.12M	82.74M	64.03M	68.64M	61.17M	42.43M	44.97M	32.38M	39.83M	33.95M	54.57M	34.01M	59.10M	57.19M	47.11M	36.17M	38.16M	23.80M	35.40M	37.47M	32.22M	32.88M	51.96M	58.94M	22.32M	31.72M	24.38M	6.63M	23.04M	9.18M
Short-Term Investments	16.83M	31.76M	23.05M	16.85M	14.02M	8.51M	19.69M	7.22M	22.94M	7.16M	7.48M	12.42M	6.60M	1.31M	1.09M	0.52M	0.53M	0.43M	1.36M	0.04M	0.08M	14.99M	0.04M	0.00M	0.01M	0.84M	0.07M	0.22M	0.22M	0.42M	0.00M
Cash & Short-Term Investments	125.04M	124.88M	105.80M	80.89M	82.66M	69.68M	62.12M	52.19M	55.32M	46.99M	41.42M	66.99M	40.61M	60.41M	58.27M	47.64M	36.71M	38.59M	25.16M	35.44M	37.55M	47.21M	32.92M	51.96M	58.95M	23.16M	31.79M	24.60M	6.86M	23.46M	9.18M
Net Receivables	209.52M	166.09M	131.79M	122.75M	114.15M	83.37M	84.54M	78.16M	66.87M	58.91M	49.17M	52.89M	48.09M	42.31M	32.98M	19.23M	17.63M	16.28M	29.47M	26.60M	39.38M	33.88M	20.64M	25.75M	29.77M	12.84M	17.38M	25.77M	32.72M	22.02M	4.50M
Inventory	217.72M	185.07M	142.48M	143.68M	132.37M	82.48M	70.50M	73.88M	72.28M	63.48M	53.70M	58.49M	56.58M	56.46M	61.50M	53.56M	39.69M	43.54M	50.63M	51.64M	63.90M	49.36M	69.85M	88.52M	99.41M	23.26M	23.13M	138.21M	154.44M	151.86M	184.72M
Other Current Assets	25.63M	21.28M	18.75M	25.82M	25.25M	25.20M	19.92M	19.99M	23.92M	20.26M	20.15M	21.50M	17.54M	14.86M	5.28M	4.62M	5.31M	10.14M	7.58M	8.81M	10.01M	9.23M	24.71M	20.07M	14.55M	49.82M	13.82M	17.80M	13.40M	9.57M	4.20M
Total Current Assets	577.91M	497.32M	398.82M	373.12M	354.42M	260.72M	237.08M	224.22M	218.39M	189.64M	164.44M	199.87M	162.82M	174.04M	158.03M	125.05M	99.33M	108.55M	112.84M	122.49M	150.85M	139.68M	148.11M	186.30M	202.67M	109.08M	86.13M	206.39M	207.42M	206.92M	202.59M
Property, Plant & Equipment	444.52M	377.42M	346.53M	279.76M	250.77M	226.82M	219.91M	214.70M	195.89M	186.40M	169.06M	177.07M	163.44M	166.35M	161.95M	134.04M	124.65M	129.50M	161.65M	179.50M	304.23M	304.49M	279.43M	385.93M	415.98M	120.43M	102.51M	288.81M	314.48M	307.82M	391.68M
Goodwill	1.06M	3.23M	3.12M	3.09M	3.20M	4.03M	4.60M	4.41M	3.10M	1.75M	0.60M	0.64M	0.13M	0.12M	0.16M	0.05M	0.00M	0.00M	0.00M	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	36.44M	20.01M	19.73M	19.76M	19.34M	16.68M	15.88M	14.47M	11.72M	10.76M	9.94M	9.25M	6.87M	6.80M	7.05M	5.95M	5.84M	5.48M	4.42M	3.67M	4.11M	3.25M	1.50M	0.93M	1.13M	0.65M	0.25M	0.26M	0.20M	0.20M	0.26M
Long-Term Investments	35.53M	10.20M	17.76M	15.46M	14.27M	12.57M	13.94M	12.44M	16.03M	16.64M	12.00M	10.39M	6.37M	7.11M	2.69M	2.14M	0.96M	0.17M	0.17M	0.16M	1.28M	0.32M	0.00M	2.03M	0.00M	0.00M	2.49M	0.45M	0.10M	0.08M	0.00M
Tax Assets	7.78M	6.10M	5.49M	4.31M	3.91M	3.19M	3.28M	3.30M	3.46M	2.53M	1.96M	2.47M	1.83M	1.94M	2.31M	1.36M	0.92M	0.75M	0.88M	0.12M	0.05M	0.04M	0.00M	0.00M	0.00M	1.81M	0.00M	0.23M	0.10M	0.01M	0.00M
Other Non-Current Assets	20.92M	23.26M	22.91M	19.65M	15.00M	15.28M	21.71M	13.67M	11.59M	12.75M	7.72M	8.56M	9.09M	7.79M	4.42M	8.40M	8.84M	6.64M	7.67M	7.62M	39.76M	17.63M	10.63M	21.25M	21.35M	13.33M	10.62M	75.15M	72.30M	70.93M	108.61M
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
Total Non-Current Assets	546.26M	440.22M	415.54M	342.03M	306.48M	278.57M	279.32M	262.98M	241.80M	230.83M	201.29M	208.38M	187.73M	190.12M	178.59M	151.92M	141.20M	142.53M	174.79M	191.07M	349.44M	325.73M	291.56M	410.14M	438.45M	136.22M	115.87M	364.91M	387.18M	379.02M	500.54M
Total Assets	1,124.17M	937.54M	814.36M	715.15M	660.90M	539.29M	516.40M	487.21M	460.19M	420.47M	365.73M	408.25M	350.55M	364.16M	336.62M	276.97M	240.53M	251.08M	287.63M	313.56M	500.28M	465.41M	439.68M	596.43M	641.13M	245.30M	202.00M	571.30M	594.60M	585.94M	703.14M
Accounts Payable	83.95M	106.18M	84.83M	82.48M	96.29M	62.08M	66.08M	58.64M	48.47M	56.01M	41.73M	49.36M	37.01M	29.46M	29.07M	28.69M	22.43M	26.90M	31.66M	38.21M	44.84M	38.12M	44.05M	36.90M	26.95M	11.06M	13.49M	43.45M	47.74M	49.91M	66.19M
Short-Term Debt	228.58M	88.97M	82.62M	90.91M	91.64M	84.74M	97.59M	100.21M	78.38M	67.36M	65.22M	70.45M	59.49M	67.53M	70.62M	42.91M	44.27M	47.73M	37.87M	46.50M	74.84M	73.95M	54.79M	47.69M	70.79M	25.92M	23.53M	23.23M	16.24M	9.10M	12.22M
Tax Payables	0.01M	3.09M	3.21M	4.13M	4.42M	3.01M	2.75M	2.92M	2.41M	2.22M	2.13M	1.59M	1.41M	1.33M	0.67M	0.25M	0.50M	0.49M	1.74M	0.72M	1.25M	0.70M	0.93M	0.71M	0.57M	0.27M	0.32M	0.30M	0.92M	0.05M	0.16M
Deferred Revenue	4.97M	0.00M	0.27M	2.83M	16.17M	9.62M	9.20M	2.64M	6.65M	6.96M	5.68M	4.87M	4.72M	4.09M	3.73M	1.81M	3.19M	5.21M	5.20M	8.93M	21.55M	13.94M	36.80M	11.78M	9.12M	5.49M	6.22M	5.56M	4.59M	2.07M	1.54M
Other Current Liabilities	35.96M	55.56M	46.21M	29.45M	22.42M	24.99M	31.39M	21.58M	36.95M	18.62M	17.92M	18.53M	8.20M	15.81M	14.56M	15.56M	10.34M	10.14M	13.71M	38.95M	43.13M	21.54M	17.43M	11.68M	11.98M	7.41M	5.97M	18.37M	21.54M	23.19M	3.72M
Total Current Liabilities	353.48M	253.79M	217.14M	209.81M	230.93M	184.45M	207.01M	185.99M	172.87M	151.17M	132.67M	144.81M	110.81M	118.22M	118.65M	89.22M	80.72M	90.47M	90.18M	133.30M	185.62M	148.25M	154.00M	108.76M	119.41M	50.14M	49.53M	90.90M	91.03M	84.32M	83.83M
Long-Term Debt	122.82M	103.58M	94.65M	84.34M	57.21M	64.89M	74.50M	39.75M	37.22M	50.14M	49.84M	61.54M	40.17M	59.08M	41.82M	31.25M	16.81M	20.57M	19.99M	51.56M	108.09M	109.66M	102.14M	102.82M	222.06M	43.39M	30.91M	213.67M	229.84M	222.94M	256.26M
Capital Lease Obligations	0.01M	2.49M	2.11M	1.89M	2.20M	3.42M	1.94M	1.25M	0.56M	0.05M	0.08M	0.07M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	3.97M	3.93M	4.56M	3.43M	3.60M	3.22M	2.00M	2.08M	1.86M	1.19M	1.12M	1.13M	0.50M	1.58M	1.76M	0.51M	1.27M	1.66M	0.78M	1.12M	4.16M	13.63M	0.01M	0.01M	0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	6.07M	11.05M	18.01M	10.38M	8.47M	7.90M	7.24M	4.20M	6.45M	4.69M	2.30M	5.64M	3.46M	6.97M	5.33M	2.97M	2.36M	1.59M	2.46M	2.08M	22.99M	9.09M	39.36M	23.82M	23.41M	19.14M	16.62M	120.64M	133.16M	128.85M	152.15M
Total Non-Current Liabilities	132.87M	121.05M	119.34M	100.03M	71.48M	79.43M	85.69M	47.28M	46.08M	56.07M	53.33M	68.39M	44.13M	67.62M	48.91M	34.73M	20.44M	23.83M	23.23M	54.77M	135.24M	132.38M	141.50M	126.65M	245.47M	62.53M	47.53M	334.30M	363.00M	351.79M	408.40M
Total Liabilities	486.35M	374.84M	336.48M	309.84M	302.42M	263.88M	292.70M	233.27M	218.95M	207.24M	186.00M	213.19M	154.94M	185.84M	167.56M	123.95M	101.16M	114.29M	113.41M	188.06M	320.86M	280.64M	295.50M	235.41M	364.88M	112.68M	97.06M	425.20M	454.03M	436.12M	492.23M
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
Common Stock	84.72M	65.95M	66.01M	64.00M	62.83M	56.98M	56.24M	51.94M	50.50M	49.10M	43.61M	34.96M	30.06M	27.88M	27.52M	24.58M	21.28M	24.35M	26.99M	30.05M	34.95M	31.37M	30.33M	30.07M	26.77M	19.74M	21.75M	14.48M	12.55M	10.37M	6.87M
Retained Earnings	174.05M	179.21M	158.21M	136.27M	98.48M	64.65M	61.27M	55.90M	54.17M	47.89M	40.01M	40.73M	38.98M	45.50M	34.95M	32.40M	29.18M	28.15M	39.12M	20.09M	19.15M	24.86M	19.78M	14.10M	12.44M	8.76M	5.51M	5.08M	4.39M	3.92M	1.04M
Accumulated OCI	151.15M	12.14M	5.05M	19.47M	11.97M	12.37M	13.75M	10.65M	12.69M	10.18M	8.96M	0.33M	0.24M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.45M	-0.33M	0.00M	-31.71M	-28.11M	-4.60M
Minority Interest	9.80M	10.05M	7.65M	7.57M	5.96M	5.55M	4.78M	4.94M	4.64M	2.56M	2.52M	2.17M	1.16M	0.99M	0.68M	2.14M	0.83M	1.73M	2.62M	3.63M	4.33M	3.04M	14.50M	18.89M	18.95M	1.09M	0.00M	24.89M	25.24M	25.82M	37.60M
Total Shareholders’ Equity	409.93M	257.30M	229.27M	219.73M	173.28M	134.00M	131.25M	118.50M	117.37M	107.17M	92.57M	76.02M	69.28M	73.38M	62.46M	56.98M	50.46M	52.50M	66.11M	50.13M	54.10M	56.23M	50.11M	44.16M	39.21M	28.05M	26.94M	19.56M	-14.77M	-13.82M	3.31M
Total Equity	419.73M	267.35M	236.92M	227.30M	179.24M	139.55M	136.04M	123.43M	122.01M	109.73M	95.09M	78.19M	70.43M	74.37M	63.14M	59.12M	51.29M	54.24M	68.73M	53.76M	58.43M	59.26M	64.61M	63.05M	58.15M	29.14M	26.94M	44.45M	10.47M	12.00M	40.92M
Total Liabilities & Equity	906.08M	642.19M	573.40M	537.13M	481.66M	403.43M	428.74M	356.70M	340.96M	316.97M	281.09M	291.38M	225.38M	260.21M	230.70M	183.06M	152.45M	168.53M	182.15M	241.82M	379.29M	339.90M	360.11M	298.46M	423.03M	141.82M	124.00M	469.66M	464.51M	448.12M	533.14M
Tangible Assets	1,086.67M	914.30M	791.51M	692.30M	638.36M	518.58M	495.92M	468.33M	445.37M	407.97M	355.19M	398.37M	343.56M	357.23M	329.41M	270.98M	234.69M	245.60M	283.21M	309.89M	496.17M	462.16M	438.18M	595.51M	640.00M	244.66M	201.74M	571.03M	594.40M	585.74M	702.88M
Tangible Equity	382.24M	244.12M	214.08M	204.44M	156.70M	118.84M	115.55M	104.55M	107.18M	97.23M	84.55M	68.30M	63.43M	67.44M	55.92M	53.12M	45.45M	48.76M	64.31M	50.09M	54.32M	56.01M	63.11M	62.12M	57.02M	28.50M	26.68M	44.19M	10.28M	11.80M	40.66M
Tangible Book Value	382.24M	244.12M	214.08M	204.44M	156.70M	118.84M	115.55M	104.55M	107.18M	97.23M	84.55M	68.30M	63.43M	67.44M	55.92M	53.12M	45.45M	48.76M	64.31M	50.09M	54.32M	56.01M	63.11M	62.12M	57.02M	28.50M	26.68M	44.19M	10.28M	11.80M	40.66M
Total Investments	51.54M	20.57M	31.15M	22.07M	20.51M	22.64M	20.15M	15.13M	17.60M	18.52M	13.93M	12.91M	10.88M	9.41M	6.85M	5.37M	4.38M	3.54M	6.61M	6.90M	9.20M	7.65M	3.62M	8.37M	8.79M	8.62M	9.04M	5.12M	0.60M	0.87M	0.22M
Net Debt	243.19M	99.43M	94.53M	111.21M	80.20M	88.47M	129.67M	94.99M	83.22M	77.67M	81.11M	77.42M	65.65M	67.51M	55.25M	27.04M	24.90M	30.13M	34.06M	62.66M	145.46M	151.40M	124.04M	98.55M	233.91M	46.98M	22.71M	212.52M	239.45M	209.00M	259.30M

Industry Capital

Metric	MRQ	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
Working Capital	260.65M	218.00M	146.48M	127.81M	108.42M	88.62M	101.19M	70.61M	64.68M	48.73M	70.95M	55.18M	63.25M	66.94M	68.47M	91.89M	56.65M	47.29M	18.41M	22.17M	-22.57M	13.48M	14.99M	52.72M	-7.50M	237.77M	34.31M	113.78M	127.61M	116.27M	109.02M
Total Capital	998.69M	690.27M	629.43M	576.96M	507.58M	442.60M	407.97M	399.71M	383.90M	345.92M	305.73M	331.06M	307.60M	289.33M	285.60M	232.74M	204.81M	215.34M	193.96M	231.26M	327.25M	331.97M	257.13M	268.94M	405.85M	177.76M	146.45M	320.02M	319.14M	299.85M	301.80M
Capital Employed	924.91M	704.11M	664.11M	609.20M	549.31M	465.36M	445.78M	399.56M	377.95M	382.44M	357.15M	396.39M	377.46M	341.39M	330.64M	315.21M	267.30M	249.71M	249.17M	216.07M	474.11M	441.81M	434.76M	633.29M	629.10M	902.63M	128.76M	582.55M	621.82M	591.89M	758.63M
Invested Capital	890.48M	597.15M	546.69M	512.93M	438.94M	381.42M	365.54M	354.74M	351.52M	306.09M	271.78M	276.49M	273.59M	230.23M	228.42M	185.62M	168.64M	177.18M	170.16M	195.86M	289.79M	299.75M	224.25M	216.98M	346.91M	155.44M	114.72M	295.64M	312.51M	276.81M	292.62M

Industry Cash Flow Statement

Metric	TTM	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
Depreciation & Amortization	2.69M	34.10M	29.00M	26.19M	23.89M	20.75M	18.98M	17.29M	15.23M	14.13M	12.44M	13.67M	12.81M	10.06M	10.16M	11.98M	10.78M	9.09M	10.72M	11.31M	24.62M	20.74M	26.29M	34.22M	32.09M	6.72M	25.62M	26.82M	259.74M	255.52M	342.90M
Deferred Income Tax	0.00M	0.00M	0.00M	-0.23M	-0.40M	-0.17M	-0.05M	-0.07M	-0.08M	-0.05M	-0.15M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.84M	-2.13M	-14.80M	-3.70M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.07M	0.02M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-8.46M	-31.53M	-15.18M	-32.25M	-33.24M	-3.66M	-3.11M	-14.15M	-18.20M	-14.65M	-6.25M	-3.07M	-4.65M	-5.83M	-12.45M	-12.15M	0.02M	-4.80M	-9.46M	-11.91M	-15.51M	-9.72M	-0.75M	1.36M	0.94M	-1.57M	-12.16M	-1.24M	-122.06M	-61.86M	-114.88M
Accounts Receivable	-8.05M	-25.19M	-8.02M	-5.21M	-30.45M	-5.73M	-5.08M	-7.75M	-11.78M	-5.66M	-2.75M	-5.63M	-3.83M	-1.17M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.05M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-2.44M	-13.40M	4.06M	-15.26M	-20.04M	-5.68M	1.03M	-3.36M	-10.55M	-3.23M	1.64M	-3.75M	-3.16M	-1.76M	-5.73M	-8.75M	0.90M	-1.76M	-5.29M	-6.80M	-12.17M	-8.63M	-5.78M	0.96M	-2.31M	-1.01M	-3.22M	-4.71M	-21.54M	-55.86M	-83.73M
Accounts Payable	0.00M	5.24M	-6.32M	-0.52M	14.70M	4.92M	-0.14M	2.26M	3.02M	0.38M	-1.95M	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
Other Working Capital	0.03M	0.55M	-0.92M	-1.33M	-0.25M	-0.12M	0.19M	-5.83M	-7.15M	-4.98M	-7.03M	0.16M	-0.35M	-3.21M	-6.92M	-3.40M	-3.05M	-2.69M	-4.77M	-3.58M	4.97M	-0.63M	9.24M	-1.10M	2.22M	0.31M	-3.18M	3.47M	-100.52M	-5.99M	-31.15M
Other Non-Cash Items	15.35M	11.40M	8.72M	6.70M	7.94M	5.08M	4.89M	8.64M	7.66M	4.75M	7.55M	6.49M	4.00M	3.83M	4.16M	4.63M	2.73M	4.26M	2.81M	3.24M	4.25M	4.26M	3.90M	4.42M	6.84M	2.42M	1.85M	6.28M	37.19M	0.05M	15.17M
Net Cash from Operating Activities	37.68M	50.54M	55.52M	44.78M	29.67M	43.58M	35.43M	31.67M	27.37M	30.30M	25.40M	34.52M	19.43M	22.90M	13.08M	16.16M	20.67M	17.29M	35.38M	27.94M	56.61M	47.95M	32.95M	30.30M	79.70M	35.84M	1.62M	44.49M	357.76M	380.54M	619.34M
Capital Expenditures (PPE)	-43.48M	-47.74M	-49.07M	-37.10M	-29.82M	-23.50M	-24.27M	-23.90M	-22.83M	-19.95M	-16.87M	-22.45M	-26.03M	-24.94M	-25.01M	-19.85M	-19.34M	-30.41M	-23.43M	-17.16M	-34.42M	-24.81M	-51.13M	-42.16M	-47.41M	-45.97M	-28.66M	-37.10M	-403.57M	-414.75M	-400.99M
Acquisitions (Net)	0.13M	0.00M	0.06M	0.21M	0.67M	0.91M	1.70M	0.35M	0.83M	0.92M	0.73M	0.00M	0.00M	0.00M	-0.01M	0.00M	0.00M	-0.03M	0.01M	0.09M	0.00M	0.93M	3.00M	2.00M	0.00M	0.45M	0.11M	0.00M	0.00M	0.00M	-4.50M
Purchases of Investments	-16.81M	-10.33M	-12.34M	-18.56M	-19.52M	-14.90M	-11.76M	-2.94M	-9.26M	-1.99M	-1.36M	-0.20M	-1.64M	-0.39M	-0.83M	-0.53M	-1.09M	-0.71M	-0.77M	-1.77M	-1.52M	-0.26M	-1.60M	-0.65M	-0.33M	-1.52M	-1.73M	-0.14M	0.00M	-0.40M	0.00M
Sales / Maturities of Investments	12.21M	5.20M	7.99M	7.15M	7.51M	7.00M	3.72M	1.63M	1.48M	2.36M	1.58M	0.53M	0.26M	0.15M	0.37M	0.20M	0.19M	0.16M	0.10M	0.18M	1.57M	0.47M	0.28M	0.99M	0.86M	0.25M	0.05M	0.09M	14.49M	11.23M	42.91M
Other Investing Activities	1.48M	2.68M	1.05M	0.51M	1.34M	2.35M	1.93M	2.34M	1.41M	0.34M	-1.14M	3.07M	-0.84M	0.57M	0.33M	0.69M	-0.18M	-0.54M	2.13M	-2.33M	-0.93M	-5.04M	-3.37M	-6.30M	24.66M	0.70M	48.80M	-0.82M	-14.18M	-35.67M	-6.19M
Net Cash from Investing Activities	-51.40M	-57.37M	-47.48M	-42.70M	-31.57M	-16.64M	-22.23M	-18.81M	-22.20M	-29.14M	-15.85M	-18.84M	-34.77M	-42.01M	-29.98M	-24.12M	-16.70M	-34.02M	-22.30M	-26.34M	-46.50M	-35.69M	-54.41M	-44.45M	-100.50M	-52.98M	-19.75M	-36.71M	-403.27M	-439.59M	-368.77M
Net Debt Issuance	7.58M	8.81M	-1.29M	3.93M	5.17M	-1.06M	-3.16M	3.58M	3.72M	-2.46M	0.56M	2.22M	1.58M	10.31M	22.09M	9.02M	0.20M	12.88M	0.68M	8.33M	3.15M	2.50M	7.19M	-4.92M	2.05M	5.06M	5.56M	20.71M	42.85M	74.76M	-182.90M
Long-Term Debt Issuance	4.67M	3.88M	1.90M	3.19M	1.83M	2.71M	1.92M	5.28M	5.48M	4.41M	2.48M	3.27M	3.39M	10.29M	21.49M	8.49M	2.05M	11.76M	2.57M	2.49M	5.24M	14.22M	7.19M	-4.92M	2.05M	5.06M	5.56M	20.71M	42.85M	79.13M	-182.90M
Short-Term Debt Issuance	-0.02M	0.00M	0.05M	0.00M	0.00M	-0.98M	-0.76M	-0.15M	-0.01M	-0.17M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.02M	-0.25M	0.64M	-0.04M	0.40M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-4.37M	0.00M
Net Stock Issuance	0.00M	-0.03M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.02M	0.04M	0.00M	0.00M	0.00M	0.08M	0.00M	0.24M	0.00M	0.00M	0.00M	0.00M	-0.33M	0.00M	-0.57M	-1.77M	-3.80M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.10M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.02M	0.04M	0.01M	0.00M	0.00M	0.30M	0.00M	0.46M	0.16M	0.00M	2.41M	0.00M	0.00M	0.00M	0.13M	70.93M	0.60M
Common Stock Repurchased	0.00M	-0.03M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.36M	0.00M	-0.70M	-1.77M	-4.40M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.70M	-1.77M	-4.40M
Net Dividends Paid	-7.70M	-15.30M	-13.94M	-12.81M	-8.33M	-6.12M	-6.78M	-11.01M	-8.58M	-9.30M	-9.15M	-8.18M	-7.17M	-6.57M	-4.87M	-3.89M	-3.32M	-4.40M	-5.00M	-6.96M	-15.27M	-8.49M	-10.69M	-9.66M	-7.31M	-3.30M	-4.71M	-4.65M	-55.19M	-48.93M	-58.04M
Common Dividends Paid	-7.70M	-15.30M	-14.94M	-14.82M	-9.82M	-10.19M	-10.91M	-10.91M	-8.59M	-9.24M	-8.23M	-8.17M	-7.21M	-5.58M	-4.64M	-3.76M	-3.81M	-5.27M	-4.89M	-6.78M	-15.27M	-6.20M	-10.69M	-9.66M	-7.31M	-3.30M	-4.71M	-4.65M	-55.19M	-48.93M	-58.04M
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
Other Financing Activities	-6.20M	-3.11M	-0.97M	-1.15M	-1.77M	-1.24M	-3.92M	-0.73M	4.99M	0.39M	1.12M	0.31M	0.40M	-0.47M	2.00M	2.36M	0.63M	0.61M	1.47M	1.64M	4.14M	6.62M	1.09M	12.81M	0.11M	-0.30M	16.76M	0.85M	-2.10M	-2.03M	-0.37M
Net Cash from Financing Activities	-11.82M	-16.54M	-12.11M	-19.47M	-5.91M	-2.60M	-13.38M	-8.18M	2.16M	1.51M	-7.29M	-2.61M	1.09M	10.94M	25.27M	20.09M	3.03M	14.23M	-0.65M	10.53M	-7.23M	20.43M	-4.98M	5.39M	11.32M	0.46M	-5.08M	23.74M	-15.06M	22.03M	-245.11M
Effect of FX on Cash	-0.09M	0.41M	0.19M	0.35M	-0.12M	-0.26M	0.05M	0.14M	-0.16M	0.09M	0.13M	0.03M	-0.03M	-0.01M	-0.04M	-0.01M	-0.02M	-0.03M	-0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.72M	1.88M	0.65M
Net Change in Cash	-7.03M	-1.51M	12.78M	5.23M	2.53M	15.81M	4.90M	0.75M	0.52M	2.52M	-0.41M	3.82M	-2.89M	2.24M	7.43M	15.44M	3.66M	4.76M	1.91M	12.21M	1.10M	4.92M	-2.86M	-10.68M	42.25M	-9.97M	31.12M	3.41M	-57.85M	-35.15M	6.11M
Cash at Beginning of Period	56.05M	79.03M	49.76M	48.55M	46.03M	32.83M	30.46M	30.86M	34.28M	28.96M	38.91M	31.35M	39.58M	45.79M	38.32M	33.48M	23.34M	16.66M	23.10M	18.24M	33.67M	27.14M	42.59M	58.94M	22.32M	29.13M	26.94M	6.44M	142.83M	176.72M	239.39M
Cash at End of Period	126.64M	67.98M	61.46M	49.76M	48.44M	46.47M	33.45M	31.05M	30.96M	35.14M	30.74M	38.42M	32.23M	45.17M	54.71M	45.02M	34.89M	35.30M	23.40M	35.51M	36.39M	32.55M	32.84M	51.96M	58.94M	15.80M	39.40M	26.94M	84.98M	141.57M	245.50M
Operating Cash Flow	37.56M	50.59M	55.54M	44.69M	29.67M	43.58M	35.43M	31.67M	27.37M	30.30M	25.40M	34.52M	19.43M	22.90M	13.08M	16.16M	20.67M	17.29M	35.38M	27.94M	56.61M	47.95M	32.95M	30.30M	79.70M	35.84M	1.62M	44.49M	357.76M	380.54M	619.34M
Capital Expenditure	-45.86M	-47.83M	-49.14M	-37.09M	-29.82M	-23.50M	-24.28M	-23.90M	-23.59M	-22.45M	-18.22M	-22.45M	-26.03M	-29.67M	-25.01M	-19.85M	-19.34M	-30.41M	-23.43M	-17.14M	-34.40M	-24.79M	-51.13M	-42.16M	-47.41M	-45.97M	-28.66M	-37.10M	-403.57M	-414.75M	-400.99M
Free Cash Flow	6.87M	8.29M	18.18M	9.32M	4.69M	17.46M	12.80M	7.03M	0.37M	0.92M	-0.04M	3.37M	-4.20M	-6.70M	-12.62M	-1.94M	2.42M	-9.33M	0.77M	1.60M	22.72M	9.81M	4.93M	-12.54M	13.07M	-15.28M	-15.07M	-20.53M	-45.82M	-34.21M	218.35M

Industry Free Cash Flow

Metric	TTM	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
EBITDA	100.85M	99.23M	80.98M	95.09M	74.07M	51.75M	53.34M	46.01M	57.41M	42.27M	33.40M	36.59M	28.95M	25.10M	31.67M	28.98M	23.88M	18.43M	50.21M	47.55M	70.88M	55.47M	34.91M	36.40M	36.94M	71.12M	12.83M	46.77M	71.84M	55.03M	112.24M
(-) Tax Adjustment	16.85M	13.90M	10.01M	13.77M	10.39M	9.16M	9.55M	9.88M	8.25M	7.97M	7.55M	8.89M	6.24M	4.62M	4.84M	5.08M	4.31M	4.09M	13.10M	14.82M	22.72M	17.46M	12.97M	16.02M	34.29M	21.13M	3.39M	14.45M	12.68M	14.68M	36.73M
(-) Change In Working Capital	-8.46M	-31.53M	-15.18M	-32.25M	-33.24M	-3.66M	-3.11M	-14.15M	-18.20M	-14.65M	-6.25M	-3.07M	-4.65M	-5.83M	-12.45M	-12.15M	0.02M	-4.80M	-9.46M	-11.91M	-15.51M	-9.72M	-0.75M	1.36M	0.94M	-1.57M	-12.16M	-1.24M	-122.06M	-61.86M	-114.88M
(-) Capital Expenditure	45.86M	47.83M	49.14M	37.09M	29.82M	23.50M	24.28M	23.90M	23.59M	22.45M	18.22M	22.45M	26.03M	29.67M	25.01M	19.85M	19.34M	30.41M	23.43M	17.14M	34.40M	24.79M	51.13M	42.16M	47.41M	45.97M	28.66M	37.10M	403.57M	414.75M	400.99M
Unlevered Free Cash Flow	46.60M	69.04M	37.00M	76.47M	67.10M	22.75M	22.62M	26.38M	43.77M	26.49M	13.88M	8.33M	1.33M	-3.35M	14.26M	16.20M	0.20M	-11.27M	23.14M	27.51M	29.26M	22.94M	-28.44M	-23.14M	-45.70M	5.60M	-7.06M	-3.54M	-222.35M	-312.54M	-210.60M
(-) Net Interest Income After Taxes	-8.27M	-7.99M	-8.62M	-7.58M	-7.16M	-7.62M	-6.46M	-6.07M	-6.80M	-4.98M	-4.45M	-4.58M	-3.76M	-4.35M	-4.22M	-3.27M	-3.14M	-3.08M	-2.03M	-2.61M	-3.68M	-1.90M	-1.41M	-1.67M	-0.19M	-0.97M	-0.98M	-0.46M	-0.98M	-0.73M	-0.92M
Net Debt Issuance	7.58M	8.81M	-1.29M	3.93M	5.17M	-1.06M	-3.16M	3.58M	3.72M	-2.46M	0.56M	2.22M	1.58M	10.31M	22.09M	9.02M	0.20M	12.88M	0.68M	8.33M	3.15M	2.50M	7.19M	-4.92M	2.05M	5.06M	5.56M	20.71M	42.85M	74.76M	-182.90M
Levered Free Cash Flow	62.45M	85.84M	44.33M	87.99M	79.43M	29.31M	25.92M	36.03M	54.29M	29.02M	18.89M	15.13M	6.68M	11.30M	40.57M	28.49M	3.54M	4.69M	25.84M	38.45M	36.09M	27.35M	-19.84M	-26.39M	-43.46M	11.62M	-0.51M	17.63M	-178.52M	-237.06M	-392.59M