Trucking

Category: Industry Averages Base Ticker: ODFL

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	10.45	8.20	7.92	7.23	9.05	7.62	7.77	7.10	8.00	6.69	6.86	8.49	7.04	5.29	4.89	5.92	5.25	5.19	6.86	8.70	8.84	9.74	9.99	9.49	8.67	8.54	6.51	6.33	6.25	5.38	5.18
Market Capitalization	824.32M	681.39M	573.85M	505.98M	575.00M	566.09M	684.02M	563.89M	516.65M	561.55M	511.40M	561.15M	455.78M	358.98M	374.41M	367.61M	435.95M	394.85M	568.44M	629.63M	612.64M	594.69M	558.20M	499.20M	458.93M	419.77M	345.09M	320.67M	401.91M	319.12M	264.17M
(-) Cash & Equivalents	67.46M	41.18M	73.83M	68.83M	52.76M	55.52M	52.32M	45.14M	37.09M	29.57M	31.82M	29.36M	19.57M	28.59M	32.23M	33.23M	25.18M	35.33M	30.65M	25.68M	24.16M	26.41M	29.76M	22.15M	23.57M	12.18M	7.10M	7.23M	8.25M	9.89M	9.66M
(+) Total Debt	128.71M	114.85M	113.80M	142.78M	107.71M	105.54M	124.84M	98.51M	85.27M	76.98M	55.61M	63.01M	63.10M	65.99M	57.80M	37.71M	62.67M	55.06M	88.67M	106.33M	78.43M	52.01M	57.44M	62.50M	75.59M	84.31M	82.24M	64.55M	36.42M	40.25M	32.01M
Enterprise Value	933.52M	696.41M	584.53M	587.23M	680.58M	657.51M	722.95M	693.48M	554.67M	602.91M	549.42M	641.52M	522.74M	437.30M	439.63M	452.59M	499.25M	496.78M	691.61M	694.38M	666.42M	622.91M	586.11M	542.63M	519.97M	485.73M	441.47M	427.56M	450.15M	381.87M	326.56M

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	1,035.859M	895.940M	835.458M	774.541M	694.702M	665.262M	823.335M	648.187M	578.552M	535.022M	593.294M	608.986M	596.333M	582.824M	580.864M	559.856M	560.452M	648.449M	704.272M	762.559M	727.709M	603.786M	650.773M	572.985M	538.930M	491.135M	346.748M	279.355M	195.157M	250.360M	213.793M
Cost of Revenue	848.205M	761.090M	707.255M	659.277M	591.512M	583.647M	688.612M	559.694M	516.534M	428.502M	516.591M	529.275M	524.657M	511.995M	415.788M	340.910M	309.088M	272.700M	423.609M	369.823M	356.446M	275.574M	248.092M	235.960M	130.648M	122.258M	93.494M	77.793M	104.527M	127.003M	99.003M
Gross Profit	187.654M	134.850M	128.203M	115.264M	103.190M	81.616M	134.722M	88.493M	62.018M	106.520M	76.703M	79.711M	71.675M	70.829M	165.076M	218.945M	251.364M	375.749M	280.664M	392.736M	371.263M	328.212M	402.681M	337.025M	408.282M	368.878M	253.254M	201.561M	90.630M	123.357M	114.790M
Gross Margin	18.12%	15.05%	15.35%	14.88%	14.85%	12.27%	16.36%	13.65%	10.72%	19.91%	12.93%	13.09%	12.02%	12.15%	28.42%	39.11%	44.85%	57.95%	39.85%	51.50%	51.02%	54.36%	61.88%	58.82%	75.76%	75.11%	73.04%	72.15%	46.44%	49.27%	53.69%
R&D Expenses	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	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	38.707M	26.390M	29.114M	41.266M	39.810M	21.925M	34.545M	21.897M	18.866M	15.227M	16.918M	20.058M	17.228M	17.901M	37.906M	43.583M	79.427M	98.445M	117.424M	160.576M	105.272M	169.336M	155.951M	90.623M	75.012M	72.419M	68.781M	96.550M	66.543M	58.310M	70.319M
Operating Expenses	38.707M	26.390M	29.114M	41.266M	39.810M	21.925M	34.545M	21.897M	18.866M	15.227M	16.918M	20.058M	17.228M	17.901M	37.906M	43.583M	79.427M	98.445M	117.424M	160.576M	105.272M	169.336M	155.951M	90.623M	75.012M	72.419M	68.781M	96.550M	66.543M	58.310M	70.319M
Operating Income	148.946M	108.461M	99.088M	73.998M	63.380M	59.691M	100.177M	66.596M	43.152M	91.293M	59.785M	59.653M	54.447M	52.928M	127.169M	175.362M	171.937M	277.304M	163.239M	232.160M	265.991M	158.876M	246.730M	246.402M	333.270M	296.459M	184.473M	105.011M	24.087M	65.047M	44.471M
Operating Margin	14.38%	12.11%	11.86%	9.55%	9.12%	8.97%	12.17%	10.27%	7.46%	17.06%	10.08%	9.80%	9.13%	9.08%	21.89%	31.32%	30.68%	42.76%	23.18%	30.44%	36.55%	26.31%	37.91%	43.00%	61.84%	60.36%	53.20%	37.59%	12.34%	25.98%	20.80%
Interest Income	0.913M	0.944M	1.026M	0.541M	0.348M	0.240M	0.843M	0.428M	0.345M	0.173M	0.164M	0.178M	0.141M	0.227M	0.322M	0.284M	0.459M	0.690M	0.495M	0.275M	0.101M	0.082M	0.051M	0.065M	0.047M	0.030M	0.000M	0.000M	0.000M	0.000M	0.000M
Interest Expense	5.524M	4.549M	3.604M	3.052M	2.677M	2.936M	4.198M	3.117M	2.331M	1.967M	2.358M	2.378M	2.388M	2.398M	2.154M	1.977M	2.048M	1.874M	1.658M	0.994M	1.104M	1.405M	1.559M	1.681M	1.207M	0.741M	0.100M	0.119M	0.027M	0.000M	0.025M
Net Interest Income	-4.611M	-3.605M	-2.578M	-2.511M	-2.328M	-2.696M	-3.354M	-2.689M	-1.986M	-1.794M	-2.194M	-2.200M	-2.247M	-2.171M	-1.832M	-1.693M	-1.589M	-1.184M	-1.164M	-0.719M	-1.003M	-1.323M	-1.508M	-1.616M	-1.161M	-0.711M	-0.100M	-0.119M	-0.027M	0.000M	-0.025M
Other Income / Expense	-115.611M	-63.725M	-56.208M	-21.726M	-22.613M	-25.138M	-65.781M	-28.504M	-16.936M	-62.070M	-24.614M	-22.221M	-21.688M	-17.009M	-96.398M	-145.548M	-152.310M	-246.978M	-124.308M	-186.057M	-212.420M	-109.901M	-207.574M	-213.243M	-316.409M	-266.824M	-159.895M	-81.583M	-2.573M	-51.481M	-34.634M
Pre-Tax Income	28.724M	41.131M	40.302M	49.761M	38.439M	31.858M	31.042M	35.403M	24.230M	27.428M	32.977M	35.233M	30.512M	33.747M	28.940M	28.121M	18.038M	29.143M	37.768M	45.383M	52.568M	47.652M	37.648M	31.543M	15.700M	28.925M	24.478M	23.308M	21.486M	13.566M	9.813M
Pre-Tax Margin	2.77%	4.59%	4.82%	6.42%	5.53%	4.79%	3.77%	5.46%	4.19%	5.13%	5.56%	5.79%	5.12%	5.79%	4.98%	5.02%	3.22%	4.49%	5.36%	5.95%	7.22%	7.89%	5.79%	5.50%	2.91%	5.89%	7.06%	8.34%	11.01%	5.42%	4.59%
Income Tax Expense	7.975M	9.625M	9.876M	12.292M	9.862M	7.938M	7.735M	9.128M	-1.543M	8.523M	10.586M	12.111M	9.819M	11.409M	8.256M	7.386M	6.274M	9.130M	12.667M	18.726M	18.074M	16.305M	13.964M	11.055M	5.685M	9.874M	8.003M	7.737M	8.010M	4.654M	2.933M
Tax Rate	27.77%	23.40%	24.51%	24.70%	25.66%	24.92%	24.92%	25.78%	0.00%	31.07%	32.10%	34.37%	32.18%	33.81%	28.53%	26.27%	34.78%	31.33%	33.54%	35.00%	34.38%	34.22%	35.00%	35.00%	35.00%	34.14%	32.69%	33.19%	35.00%	34.30%	29.89%
Net Income	20.749M	31.506M	30.426M	37.469M	28.577M	23.920M	23.307M	26.276M	25.772M	18.905M	22.391M	23.122M	20.692M	22.339M	20.683M	20.735M	11.763M	20.013M	25.101M	26.658M	34.493M	31.347M	23.684M	20.488M	10.015M	19.051M	16.475M	15.571M	13.477M	8.913M	6.880M
Net Margin	2.00%	3.52%	3.64%	4.84%	4.11%	3.60%	2.83%	4.05%	4.45%	3.53%	3.77%	3.80%	3.47%	3.83%	3.56%	3.70%	2.10%	3.09%	3.56%	3.50%	4.74%	5.19%	3.64%	3.58%	1.86%	3.88%	4.75%	5.57%	6.91%	3.56%	3.22%
EBIT	148.946M	108.461M	99.088M	73.998M	63.380M	59.691M	100.177M	66.596M	43.152M	91.293M	59.785M	59.653M	54.447M	52.928M	127.169M	175.362M	171.937M	277.304M	163.239M	232.160M	265.991M	158.876M	246.730M	246.402M	333.270M	296.459M	184.473M	105.011M	24.087M	65.047M	44.471M
Depreciation & Amortization	48.337M	41.584M	45.020M	45.247M	39.275M	38.409M	45.054M	39.898M	36.626M	34.055M	35.600M	36.196M	34.544M	32.704M	31.453M	32.048M	35.902M	40.265M	40.223M	39.252M	35.560M	30.054M	32.764M	25.651M	25.879M	28.465M	23.333M	19.449M	12.314M	18.440M	12.335M
EBITDA	197.284M	150.045M	144.108M	119.245M	102.655M	98.101M	145.231M	106.494M	79.778M	125.348M	95.385M	95.849M	88.990M	85.632M	158.623M	207.410M	207.839M	317.569M	203.462M	271.412M	301.551M	188.930M	279.494M	272.053M	359.149M	324.925M	207.806M	124.460M	36.401M	83.487M	56.806M
EBITDA Margin	19.05%	16.75%	17.25%	15.40%	14.78%	14.75%	17.64%	16.43%	13.79%	23.43%	16.08%	15.74%	14.92%	14.69%	27.31%	37.05%	37.08%	48.97%	28.89%	35.59%	41.44%	31.29%	42.95%	47.48%	66.64%	66.16%	59.93%	44.55%	18.65%	33.35%	26.57%
NOPAT	107.591M	83.080M	74.806M	55.719M	47.119M	44.819M	75.215M	49.426M	43.152M	62.925M	40.593M	39.148M	36.925M	35.035M	90.889M	129.302M	112.129M	190.434M	108.490M	150.904M	174.536M	104.513M	160.375M	160.161M	216.625M	195.258M	124.163M	70.153M	15.656M	42.734M	31.179M
NOPAT Margin	10.39%	9.27%	8.95%	7.19%	6.78%	6.74%	9.14%	7.63%	7.46%	11.76%	6.84%	6.43%	6.19%	6.01%	15.65%	23.10%	20.01%	29.37%	15.40%	19.79%	23.98%	17.31%	24.64%	27.95%	40.20%	39.76%	35.81%	25.11%	8.02%	17.07%	14.58%
Owner's Earnings	69.086M	73.090M	75.445M	82.716M	67.852M	62.330M	68.361M	66.174M	62.398M	52.960M	57.991M	59.318M	55.236M	55.043M	52.137M	52.783M	47.665M	60.279M	65.324M	65.910M	70.054M	61.402M	56.448M	46.139M	35.894M	47.516M	39.809M	35.020M	25.791M	27.352M	19.215M
Owner's Earnings Margin	6.67%	8.16%	9.03%	10.68%	9.77%	9.37%	8.30%	10.21%	10.79%	9.90%	9.77%	9.74%	9.26%	9.44%	8.98%	9.43%	8.50%	9.30%	9.28%	8.64%	9.63%	10.17%	8.67%	8.05%	6.66%	9.67%	11.48%	12.54%	13.22%	10.93%	8.99%
EPS	0.09	0.13	0.13	0.17	0.14	0.12	0.11	0.12	0.13	0.10	0.14	0.15	0.14	0.14	0.13	0.22	0.12	0.24	0.26	0.27	0.41	0.30	0.16	0.14	0.07	0.13	0.16	0.14	0.09	0.05	0.04
EPS (Diluted)	0.09	0.13	0.13	0.17	0.14	0.12	0.11	0.12	0.13	0.10	0.14	0.15	0.14	0.14	0.13	0.22	0.12	0.24	0.26	0.27	0.41	0.30	0.16	0.14	0.07	0.13	0.16	0.14	0.09	0.05	0.04
Shares (Diluted)	230,838,262	246,295,161	241,897,913	218,045,821	198,658,104	203,066,102	214,263,249	212,616,907	201,189,555	193,332,870	160,920,953	153,854,303	144,423,533	161,260,327	159,631,729	92,895,849	99,025,365	84,286,519	98,179,898	99,003,592	84,027,487	103,428,289	148,598,485	142,391,190	147,418,019	144,846,140	101,852,073	112,838,657	148,723,621	183,039,204	172,254,448

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	53.00M	41.18M	73.83M	68.84M	52.76M	55.54M	53.41M	45.97M	37.09M	29.57M	32.48M	30.02M	20.04M	29.33M	32.23M	33.23M	25.18M	36.54M	30.65M	25.68M	24.16M	26.41M	29.76M	22.15M	23.57M	12.18M	7.10M	7.23M	8.25M	9.89M	9.66M
Short-Term Investments	15.97M	10.20M	12.94M	14.58M	4.92M	1.93M	1.91M	2.41M	2.87M	1.52M	1.95M	1.69M	1.46M	5.33M	1.87M	7.60M	8.95M	15.37M	25.42M	24.70M	16.44M	14.16M	6.60M	0.68M	0.86M	1.80M	0.75M	0.73M	0.19M	0.69M	1.45M
Cash & Short-Term Investments	68.96M	51.38M	86.77M	83.42M	57.68M	57.46M	55.33M	48.39M	39.96M	31.09M	34.43M	31.70M	21.51M	34.67M	34.09M	40.82M	34.13M	51.91M	56.07M	50.38M	40.60M	40.57M	36.36M	22.83M	24.43M	13.98M	7.86M	7.96M	8.44M	10.58M	11.10M
Net Receivables	153.52M	112.38M	99.15M	111.25M	102.86M	84.75M	85.52M	93.40M	70.12M	75.04M	64.41M	75.46M	56.25M	54.75M	61.84M	64.30M	63.71M	56.26M	71.33M	80.26M	74.88M	66.56M	64.93M	49.51M	41.80M	39.38M	43.77M	35.13M	32.34M	28.64M	23.16M
Inventory	1.42M	1.92M	1.83M	1.91M	1.50M	1.22M	2.14M	2.26M	2.67M	2.62M	2.85M	3.36M	2.27M	2.48M	3.02M	2.56M	3.52M	3.40M	4.12M	5.25M	3.40M	3.93M	4.15M	2.90M	4.01M	3.19M	3.40M	4.11M	5.71M	5.85M	5.36M
Other Current Assets	12.73M	7.17M	9.14M	11.67M	8.66M	8.50M	8.66M	11.60M	6.29M	8.24M	10.58M	9.37M	12.59M	12.45M	10.04M	10.14M	14.35M	16.18M	15.26M	19.61M	20.13M	16.23M	11.43M	10.56M	11.51M	8.79M	7.00M	6.58M	7.79M	7.22M	7.35M
Total Current Assets	236.64M	172.84M	196.89M	208.26M	170.70M	151.93M	151.65M	155.64M	119.04M	116.99M	112.26M	119.88M	92.62M	104.35M	109.00M	117.82M	115.71M	127.76M	146.78M	155.51M	139.01M	127.29M	116.86M	85.79M	81.75M	65.34M	62.03M	53.78M	54.28M	52.29M	46.98M
Property, Plant & Equipment	370.29M	289.76M	305.38M	312.29M	269.82M	240.70M	280.31M	241.23M	224.88M	216.82M	212.54M	257.71M	198.77M	227.31M	217.70M	214.96M	294.02M	329.85M	369.37M	423.94M	264.01M	234.21M	228.03M	210.38M	206.44M	192.66M	178.65M	138.60M	129.05M	144.64M	144.72M
Goodwill	21.48M	12.78M	15.25M	11.24M	6.82M	3.84M	7.02M	7.64M	4.48M	4.64M	2.78M	1.38M	1.25M	1.42M	1.41M	1.21M	2.00M	0.87M	4.60M	9.86M	5.30M	10.26M	13.93M	11.71M	2.07M	8.49M	2.70M	0.62M	0.37M	0.00M	0.08M
Intangible Assets	23.52M	20.64M	20.36M	20.43M	12.69M	9.78M	11.15M	13.52M	9.83M	9.21M	11.52M	11.51M	8.69M	11.40M	7.97M	7.54M	8.26M	7.75M	6.90M	7.55M	4.91M	2.49M	3.35M	0.21M	1.80M	0.03M	0.93M	1.24M	2.51M	1.28M	1.16M
Long-Term Investments	10.55M	10.82M	9.99M	17.03M	7.10M	8.16M	11.05M	7.27M	6.13M	6.33M	6.73M	4.72M	5.21M	6.64M	5.05M	4.23M	2.57M	3.87M	5.83M	6.63M	3.82M	1.08M	6.92M	10.26M	11.31M	8.02M	0.00M	0.00M	0.00M	0.00M	0.64M
Tax Assets	0.62M	1.67M	2.30M	4.24M	4.22M	4.55M	6.04M	4.05M	2.58M	2.57M	1.26M	2.02M	2.04M	1.74M	1.98M	1.53M	1.98M	1.83M	1.27M	2.09M	2.05M	1.55M	1.94M	1.35M	0.11M	0.00M	0.00M	0.00M	0.00M	0.00M	0.19M
Other Non-Current Assets	21.00M	10.86M	8.54M	6.68M	8.08M	9.40M	8.32M	7.72M	6.12M	4.51M	3.26M	8.32M	3.79M	3.16M	6.33M	3.49M	5.29M	6.21M	8.75M	7.15M	10.58M	8.18M	24.18M	8.07M	9.34M	9.24M	7.05M	4.51M	8.51M	7.91M	1.58M
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	447.46M	346.52M	361.82M	371.90M	308.73M	276.41M	323.90M	281.43M	254.02M	244.09M	238.08M	285.66M	219.76M	251.68M	240.44M	232.97M	314.11M	350.39M	396.71M	457.21M	290.67M	257.78M	278.35M	241.98M	231.07M	218.45M	189.33M	144.97M	140.44M	153.83M	148.36M
Total Assets	684.10M	519.36M	558.71M	580.16M	479.43M	428.34M	475.55M	437.07M	373.06M	361.07M	350.35M	405.54M	312.38M	356.03M	349.44M	350.79M	429.82M	478.15M	543.49M	612.72M	429.68M	385.08M	395.22M	327.78M	312.82M	283.79M	251.36M	198.74M	194.72M	206.12M	195.34M
Accounts Payable	49.64M	37.30M	36.95M	38.03M	38.72M	35.58M	33.78M	35.76M	28.22M	23.11M	23.41M	24.34M	21.12M	21.74M	19.96M	19.93M	22.99M	27.77M	43.63M	42.40M	38.17M	27.05M	18.39M	21.65M	19.15M	14.14M	14.39M	10.33M	8.72M	8.93M	6.99M
Short-Term Debt	37.04M	22.20M	22.76M	22.77M	19.29M	21.30M	32.70M	26.19M	19.05M	17.72M	15.35M	12.47M	13.41M	16.48M	17.38M	17.94M	29.06M	20.80M	22.71M	39.06M	28.26M	13.35M	11.47M	21.11M	18.66M	11.19M	16.73M	8.47M	8.43M	9.25M	9.00M
Tax Payables	0.03M	1.95M	1.35M	2.16M	2.13M	2.66M	2.85M	3.41M	2.33M	2.64M	2.04M	1.83M	1.79M	2.45M	3.07M	1.67M	1.27M	1.05M	3.31M	1.78M	2.59M	1.34M	1.08M	1.52M	0.61M	1.14M	0.31M	0.51M	0.63M	0.85M	0.53M
Deferred Revenue	0.00M	0.00M	1.00M	1.24M	9.06M	6.53M	17.62M	9.01M	13.50M	10.41M	11.68M	14.71M	16.17M	18.21M	13.14M	12.71M	10.87M	12.80M	10.19M	11.56M	13.37M	18.99M	9.91M	8.21M	6.68M	5.73M	3.77M	2.66M	2.60M	2.52M	2.27M
Other Current Liabilities	44.80M	28.56M	22.72M	29.39M	17.14M	22.36M	17.28M	32.33M	18.93M	16.26M	17.67M	21.37M	27.08M	26.73M	24.43M	19.57M	12.16M	15.25M	24.51M	55.18M	35.74M	33.91M	21.86M	23.11M	21.80M	13.60M	6.02M	5.09M	6.44M	6.08M	7.26M
Total Current Liabilities	131.51M	90.01M	84.77M	93.58M	86.33M	88.44M	104.23M	106.70M	82.02M	70.14M	70.15M	74.72M	79.57M	85.61M	77.99M	71.82M	76.34M	77.67M	104.34M	149.99M	118.14M	94.64M	62.71M	75.60M	66.90M	45.79M	41.22M	27.06M	26.83M	27.64M	26.04M
Long-Term Debt	86.69M	59.43M	57.09M	63.24M	47.30M	50.58M	68.22M	68.93M	52.31M	48.32M	38.30M	40.92M	31.15M	37.45M	19.41M	13.36M	21.76M	28.95M	41.39M	79.22M	42.10M	28.83M	36.20M	38.50M	47.92M	58.75M	59.32M	49.60M	27.58M	32.92M	22.55M
Capital Lease Obligations	0.10M	28.82M	24.04M	26.07M	27.71M	28.42M	16.38M	3.76M	2.11M	1.71M	0.49M	1.49M	0.55M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	41.69M	26.30M	26.60M	25.97M	25.90M	22.34M	23.46M	24.74M	21.18M	28.69M	26.95M	25.52M	21.69M	19.80M	20.72M	26.45M	19.46M	23.36M	28.91M	32.46M	24.44M	28.84M	29.70M	23.50M	26.18M	18.76M	15.80M	12.94M	12.10M	10.78M	14.54M
Other Non-Current Liabilities	32.87M	18.89M	13.52M	11.94M	16.38M	15.89M	17.34M	15.82M	14.46M	7.66M	12.41M	13.85M	10.17M	13.09M	10.58M	12.26M	14.97M	15.80M	11.21M	9.07M	14.39M	12.10M	14.34M	4.06M	13.17M	8.79M	2.83M	2.50M	1.99M	4.92M	4.65M
Total Non-Current Liabilities	161.36M	133.43M	121.24M	127.23M	117.30M	117.23M	125.39M	113.25M	90.06M	86.38M	78.15M	81.78M	63.56M	70.34M	50.71M	52.06M	56.19M	68.11M	81.51M	120.75M	80.93M	69.77M	80.24M	66.06M	87.27M	86.30M	77.95M	65.04M	41.68M	48.62M	41.74M
Total Liabilities	292.87M	223.45M	206.01M	220.82M	203.63M	205.67M	229.62M	219.95M	172.08M	156.52M	148.30M	156.50M	143.13M	155.95M	128.70M	123.89M	132.54M	145.77M	185.86M	270.74M	199.07M	164.41M	142.95M	141.66M	154.17M	132.10M	119.17M	92.10M	68.50M	76.25M	67.78M
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	25.46M	22.60M	18.77M	14.93M	12.96M	13.03M	13.92M	15.66M	17.33M	18.69M	22.99M	22.19M	13.10M	23.14M	11.83M	9.24M	11.19M	18.81M	28.02M	28.84M	29.06M	17.62M	23.27M	12.04M	12.08M	10.51M	7.53M	7.39M	7.82M	7.44M	5.81M
Retained Earnings	355.44M	274.61M	254.71M	198.41M	171.31M	154.60M	172.56M	160.39M	132.12M	116.12M	106.93M	107.60M	96.96M	100.24M	100.40M	95.87M	113.06M	128.58M	160.37M	179.50M	163.53M	113.98M	124.09M	103.24M	91.18M	74.51M	44.97M	35.52M	28.58M	37.37M	27.04M
Accumulated OCI	13.64M	4.62M	1.17M	1.88M	1.45M	1.03M	3.23M	0.68M	2.07M	2.08M	2.02M	2.70M	1.72M	0.03M	0.07M	0.02M	0.00M	-0.38M	0.07M	-0.26M	-0.14M	-1.11M	-3.38M	-0.49M	-0.33M	-9.01M	-12.69M	-9.90M	-9.36M	-3.78M	-2.91M
Minority Interest	1.98M	0.65M	0.55M	0.49M	0.38M	0.08M	0.12M	0.12M	0.10M	0.08M	0.04M	0.31M	0.21M	0.49M	0.43M	0.29M	0.38M	0.39M	0.33M	0.37M	0.16M	0.00M	0.61M	2.06M	1.31M	0.50M	0.00M	0.37M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	394.54M	301.84M	274.64M	215.23M	185.72M	168.66M	189.70M	176.72M	151.52M	136.89M	131.94M	132.49M	111.78M	123.40M	112.30M	105.13M	124.25M	147.02M	188.46M	208.07M	192.45M	130.49M	143.98M	114.78M	102.93M	76.01M	39.81M	33.01M	27.04M	41.03M	29.94M
Total Equity	396.52M	302.49M	275.19M	215.72M	186.10M	168.74M	189.83M	176.84M	151.62M	136.97M	131.97M	132.80M	111.99M	123.89M	112.73M	105.43M	124.63M	147.41M	188.79M	208.45M	192.60M	130.49M	144.59M	116.84M	104.24M	76.51M	39.81M	33.38M	27.04M	41.03M	29.94M
Total Liabilities & Equity	689.39M	525.93M	481.19M	436.54M	389.73M	374.41M	419.45M	396.79M	323.70M	293.49M	280.27M	289.30M	255.11M	279.85M	241.42M	229.31M	257.17M	293.18M	374.64M	479.18M	391.68M	294.90M	287.54M	258.50M	258.41M	208.61M	158.98M	125.48M	95.55M	117.28M	97.72M
Tangible Assets	639.10M	485.95M	523.10M	548.49M	459.92M	414.73M	457.38M	415.91M	358.76M	347.22M	336.05M	392.65M	302.44M	343.20M	340.06M	342.04M	419.57M	469.52M	532.00M	595.31M	419.47M	372.32M	377.94M	315.85M	308.95M	275.26M	247.72M	196.88M	191.84M	204.84M	194.10M
Tangible Equity	351.52M	269.07M	239.58M	184.05M	166.59M	155.13M	171.66M	155.67M	137.32M	123.12M	117.67M	119.91M	102.05M	111.07M	103.35M	96.68M	114.37M	138.78M	177.29M	191.04M	182.39M	117.73M	127.31M	104.91M	100.37M	67.98M	36.17M	31.52M	24.16M	39.75M	28.70M
Tangible Book Value	351.52M	269.07M	239.58M	184.05M	166.59M	155.13M	171.66M	155.67M	137.32M	123.12M	117.67M	119.91M	102.05M	111.07M	103.35M	96.68M	114.37M	138.78M	177.29M	191.04M	182.39M	117.73M	127.31M	104.91M	100.37M	67.98M	36.17M	31.52M	24.16M	39.75M	28.70M
Total Investments	17.04M	23.55M	17.58M	23.05M	14.91M	14.82M	17.85M	14.30M	8.78M	14.19M	14.14M	12.73M	11.50M	10.47M	10.31M	11.67M	23.23M	36.75M	35.81M	41.81M	34.97M	10.78M	13.45M	14.13M	15.01M	10.34M	0.78M	0.49M	0.29M	1.37M	2.70M
Net Debt	70.74M	40.45M	6.01M	17.16M	13.83M	16.35M	47.51M	49.14M	34.26M	36.47M	21.16M	23.38M	24.51M	24.59M	4.56M	-1.93M	25.63M	13.21M	33.45M	92.60M	46.20M	15.77M	17.91M	37.46M	43.01M	57.76M	68.95M	50.84M	27.77M	32.29M	21.89M

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	56.27M	27.16M	62.89M	114.27M	99.00M	32.93M	26.56M	40.95M	29.97M	34.98M	45.41M	33.72M	37.71M	29.69M	37.59M	42.52M	21.16M	60.36M	46.51M	23.02M	-21.44M	52.81M	40.81M	24.60M	17.56M	3.96M	26.63M	27.66M	20.68M	27.01M	16.68M
Total Capital	729.38M	554.50M	472.35M	473.72M	422.54M	370.77M	398.11M	349.72M	300.10M	268.51M	258.34M	290.89M	258.15M	260.24M	248.15M	242.58M	300.05M	322.45M	360.91M	479.90M	443.34M	303.64M	297.34M	272.31M	267.14M	247.80M	221.55M	181.34M	133.90M	139.96M	120.09M
Capital Employed	904.01M	649.81M	641.74M	597.27M	570.33M	450.10M	461.60M	431.61M	382.52M	322.26M	363.22M	405.53M	321.27M	386.19M	374.26M	378.86M	355.72M	451.74M	479.50M	510.29M	432.24M	375.56M	350.08M	320.30M	308.94M	294.49M	255.95M	206.13M	131.46M	193.21M	167.11M
Invested Capital	676.38M	513.33M	398.52M	404.88M	369.78M	315.23M	344.70M	303.75M	263.01M	238.94M	225.86M	260.87M	238.11M	230.91M	215.92M	209.35M	274.87M	285.91M	330.26M	454.22M	419.18M	277.23M	267.58M	250.16M	243.57M	235.62M	214.45M	174.11M	125.65M	130.07M	110.43M

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	48.19M	45.02M	45.42M	45.35M	38.79M	40.39M	44.97M	39.82M	36.24M	34.05M	35.63M	36.13M	34.70M	33.38M	31.05M	31.55M	34.88M	41.30M	41.00M	39.14M	36.23M	41.79M	33.80M	26.74M	25.81M	28.47M	23.33M	19.45M	21.08M	8.06M	1.39M
Deferred Income Tax	1.88M	0.00M	0.00M	0.45M	0.13M	0.09M	0.83M	1.55M	-5.57M	1.35M	2.25M	1.85M	0.83M	0.32M	1.08M	0.00M	0.00M	0.00M	0.50M	1.55M	-0.38M	4.66M	2.66M	3.27M	1.91M	2.62M	2.46M	2.11M	3.54M	1.01M	2.58M
Stock-Based Compensation	0.00M	0.07M	0.05M	1.66M	1.46M	0.47M	0.44M	0.83M	0.31M	0.23M	0.29M	0.41M	0.35M	0.65M	0.34M	0.39M	0.29M	0.00M	0.00M	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	0.87M	1.29M	0.63M	-2.74M	-7.67M	1.77M	0.36M	-2.04M	-2.95M	0.11M	2.22M	-5.33M	-2.94M	-0.89M	-2.21M	-3.19M	1.49M	2.98M	-1.69M	4.68M	-6.97M	-7.09M	-0.76M	-5.14M	4.55M	-1.73M	-1.39M	-2.05M	-0.76M	-1.22M	-7.35M
Accounts Receivable	0.70M	2.49M	8.51M	-0.95M	-13.95M	-4.17M	2.20M	-8.49M	-5.72M	-1.91M	1.00M	-4.56M	-3.98M	-0.80M	-0.10M	-1.25M	0.14M	2.43M	-0.59M	0.57M	-6.73M	-8.34M	-3.85M	-5.72M	1.77M	-1.10M	-3.70M	-0.81M	-3.44M	-1.20M	-7.14M
Inventory	0.00M	0.01M	0.03M	-0.05M	-0.07M	0.05M	0.04M	-0.11M	-0.15M	-0.01M	-0.05M	-0.10M	0.01M	-0.07M	-0.55M	0.00M	-0.07M	-0.11M	0.65M	-0.08M	0.23M	-1.90M	-0.33M	0.86M	-0.40M	-1.79M	-0.02M	-1.19M	-1.55M	0.59M	-1.05M
Accounts Payable	-0.02M	0.42M	-2.22M	1.24M	2.96M	1.85M	-1.89M	1.41M	1.36M	-0.59M	-0.02M	0.00M	0.00M	0.20M	0.02M	0.00M	0.00M	-0.58M	0.17M	1.88M	1.63M	5.25M	2.42M	4.38M	-1.22M	0.44M	-0.23M	-0.02M	3.84M	0.37M	0.73M
Other Working Capital	-0.06M	0.92M	-0.63M	-1.39M	0.33M	2.05M	-0.40M	0.73M	1.36M	-1.38M	0.89M	-0.51M	1.67M	0.73M	-0.87M	-0.98M	1.83M	1.03M	-2.83M	4.95M	-2.14M	-0.89M	5.04M	-0.34M	5.76M	2.11M	1.09M	1.18M	0.66M	1.76M	-2.74M
Other Non-Cash Items	5.14M	0.32M	0.55M	-1.69M	-2.25M	0.80M	-0.71M	0.01M	-4.12M	-2.44M	-1.46M	-2.13M	-1.86M	-4.48M	-3.27M	-3.67M	-3.40M	0.40M	-0.96M	0.79M	-3.34M	2.69M	1.71M	8.12M	0.82M	-0.22M	-0.20M	-1.22M	0.27M	10.33M	10.20M
Net Cash from Operating Activities	77.67M	63.65M	69.62M	74.35M	67.47M	60.67M	58.50M	70.86M	53.00M	53.20M	62.38M	60.60M	46.30M	45.49M	41.45M	42.18M	33.05M	58.10M	66.80M	78.11M	58.43M	73.37M	69.91M	46.95M	53.66M	54.97M	35.23M	33.29M	38.33M	26.85M	19.99M
Capital Expenditures (PPE)	-60.40M	-49.17M	-64.33M	-53.95M	-53.57M	-46.52M	-54.66M	-46.14M	-52.33M	-44.05M	-53.38M	-38.60M	-49.29M	-42.69M	-48.74M	-39.02M	-39.96M	-51.85M	-63.88M	-94.34M	-77.98M	-70.13M	-64.87M	-48.58M	-46.77M	-50.06M	-44.60M	-45.64M	-33.01M	-32.22M	-40.02M
Acquisitions (Net)	1.02M	0.11M	0.16M	-0.69M	0.20M	3.19M	1.19M	1.17M	1.65M	1.58M	0.31M	1.03M	-0.05M	-0.13M	-0.04M	0.19M	-0.90M	0.32M	-0.26M	-3.01M	3.30M	0.38M	-0.94M	-0.34M	2.41M	0.00M	-2.44M	-0.04M	0.00M	0.00M	0.00M
Purchases of Investments	-0.81M	-3.08M	-1.09M	-5.14M	-4.29M	-2.78M	-3.73M	-5.00M	-4.46M	-3.93M	-3.01M	-0.98M	-1.96M	-0.79M	-2.99M	-2.45M	-2.77M	-3.72M	-6.54M	-11.22M	-5.76M	-0.78M	-3.85M	-1.33M	-5.75M	-2.81M	-0.30M	0.00M	0.00M	0.00M	-0.42M
Sales / Maturities of Investments	0.72M	4.02M	4.41M	2.70M	3.92M	3.60M	5.88M	5.15M	4.63M	2.52M	3.19M	2.73M	4.25M	3.03M	3.25M	3.27M	3.52M	9.54M	8.73M	8.46M	13.80M	9.29M	8.13M	2.46M	2.38M	1.76M	0.00M	0.46M	0.00M	0.00M	0.00M
Other Investing Activities	3.46M	1.20M	0.26M	4.70M	5.37M	4.76M	3.71M	7.36M	6.76M	8.22M	9.08M	4.78M	3.76M	6.82M	9.84M	3.85M	6.40M	4.96M	10.44M	18.05M	11.91M	12.08M	16.42M	3.60M	4.73M	2.97M	7.39M	6.62M	12.04M	7.88M	7.93M
Net Cash from Investing Activities	-51.07M	-53.41M	-36.38M	-45.72M	-33.62M	-32.51M	-46.43M	-46.02M	-43.61M	-35.76M	-36.82M	-33.06M	-42.23M	-30.99M	-35.24M	-28.25M	-23.74M	-40.12M	-43.27M	-79.71M	-72.52M	-67.44M	-51.85M	-48.92M	-36.45M	-51.15M	-39.70M	-48.95M	-23.78M	-26.72M	-43.05M
Net Debt Issuance	-4.28M	0.18M	-2.95M	0.24M	-1.98M	-3.05M	-0.77M	-4.51M	-2.66M	-3.77M	-1.19M	2.51M	-3.58M	2.32M	7.69M	0.25M	-3.61M	2.70M	-5.77M	1.20M	7.17M	-0.27M	-11.10M	-9.65M	-13.11M	-4.34M	11.18M	8.92M	-6.44M	0.29M	5.97M
Long-Term Debt Issuance	-1.97M	0.23M	-2.32M	0.63M	-1.81M	-3.00M	0.06M	-2.79M	-2.69M	-3.80M	-0.69M	2.89M	-6.19M	2.37M	5.57M	0.79M	-3.76M	-0.26M	-4.20M	16.59M	12.81M	4.78M	-11.96M	-9.99M	-12.94M	-2.78M	12.56M	15.01M	1.96M	0.29M	32.80M
Short-Term Debt Issuance	-1.18M	0.02M	-0.07M	0.00M	-0.22M	0.01M	-0.13M	-0.01M	-0.04M	-0.01M	-0.24M	-0.01M	-0.06M	-0.08M	0.31M	-0.01M	-0.22M	-0.01M	-0.95M	-2.71M	-0.53M	0.00M	0.62M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-0.05M	-0.40M	-0.03M	-1.71M	-2.62M	-0.90M	-0.77M	-0.83M	-0.35M	-0.40M	-4.09M	-0.12M	0.00M	0.00M	-0.05M	0.00M	-0.01M	-0.29M	-1.61M	-0.54M	-3.19M	0.58M	0.54M	9.47M	0.11M	-0.53M	-0.40M	0.05M	0.29M	1.34M	0.06M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.08M	0.06M	0.24M	0.01M	0.00M	0.25M	0.00M	0.00M	0.00M	0.01M	0.07M	0.01M	0.58M	1.19M	0.72M	2.48M	1.38M	12.94M	0.32M	0.30M	0.16M	0.17M	1.53M	1.34M	0.08M
Common Stock Repurchased	-0.18M	-1.20M	-0.45M	-2.81M	-2.99M	-0.93M	-0.77M	-0.34M	-0.42M	-0.47M	-4.17M	-0.78M	-0.12M	-0.01M	-0.37M	0.00M	-0.01M	-0.31M	-1.70M	-0.63M	-4.39M	-0.16M	-0.29M	0.00M	0.00M	-1.06M	-1.42M	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	0.00M	0.00M	0.00M	0.00M	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	-5.40M	-6.63M	-5.64M	-4.94M	-4.84M	-5.20M	-5.87M	-5.00M	-4.94M	-3.42M	-4.66M	-4.92M	-5.24M	-11.23M	-5.47M	-4.73M	-5.65M	-5.65M	-6.82M	-6.14M	-5.31M	-3.34M	-4.42M	-1.17M	-1.34M	-1.19M	-0.70M	-1.06M	0.00M	0.00M	-0.72M
Common Dividends Paid	-5.40M	-6.63M	-5.64M	-5.38M	-4.85M	-5.33M	-5.89M	-4.49M	-4.70M	-3.41M	-4.62M	-4.92M	-5.15M	-7.94M	-5.03M	-6.88M	-5.52M	-5.63M	-5.92M	-6.13M	-5.31M	-3.34M	-4.42M	-1.17M	-1.20M	-0.91M	-0.32M	-1.06M	0.00M	0.00M	-0.72M
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	-11.62M	-4.12M	-4.14M	-2.94M	-3.39M	-0.94M	-3.91M	-0.15M	-0.59M	-0.75M	0.04M	1.10M	-0.18M	-0.59M	-2.16M	0.23M	-0.88M	0.26M	-1.21M	-0.07M	-1.93M	-0.09M	0.79M	-0.19M	-0.39M	0.35M	0.37M	-0.04M	-1.18M	-1.16M	-0.08M
Net Cash from Financing Activities	-35.09M	-22.85M	-17.83M	-20.37M	-14.24M	-15.98M	-16.92M	-8.94M	-7.52M	-12.17M	-11.82M	-5.35M	-11.12M	-12.70M	-1.89M	-9.33M	-11.53M	-11.14M	-18.10M	-10.16M	5.05M	-0.54M	-12.07M	-1.93M	-15.24M	-2.02M	8.10M	12.09M	-6.01M	0.22M	16.24M
Effect of FX on Cash	-0.02M	0.00M	0.02M	0.08M	0.00M	0.00M	0.00M	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
Net Change in Cash	-7.89M	-6.81M	2.22M	12.84M	4.87M	4.67M	4.20M	9.43M	2.54M	-2.62M	2.49M	3.41M	0.44M	0.73M	2.72M	8.08M	-2.96M	8.01M	4.87M	3.13M	-2.50M	3.25M	-2.01M	3.68M	2.91M	2.82M	-0.75M	0.41M	-0.50M	0.23M	4.68M
Cash at Beginning of Period	24.99M	76.15M	64.40M	50.89M	54.46M	36.06M	51.16M	38.74M	28.19M	23.03M	26.33M	25.15M	28.52M	30.88M	30.56M	21.73M	31.44M	30.58M	24.05M	25.87M	28.01M	25.26M	22.13M	22.22M	13.68M	7.63M	6.59M	7.28M	7.49M	7.91M	5.01M
Cash at End of Period	87.61M	42.28M	73.36M	68.54M	50.86M	54.90M	51.61M	50.62M	32.43M	29.19M	29.59M	29.14M	26.79M	29.23M	31.93M	34.09M	24.08M	36.33M	32.70M	26.10M	28.09M	29.51M	29.84M	22.13M	23.84M	12.43M	6.65M	6.59M	6.84M	7.92M	9.00M
Operating Cash Flow	77.67M	63.63M	69.31M	74.35M	67.52M	60.67M	58.50M	70.86M	53.00M	53.20M	62.38M	60.60M	46.30M	45.49M	41.45M	42.18M	33.05M	58.10M	66.80M	78.11M	58.43M	73.37M	69.91M	46.95M	53.66M	54.97M	35.23M	33.29M	38.33M	26.85M	19.99M
Capital Expenditure	-63.38M	-57.10M	-64.50M	-53.97M	-53.59M	-46.51M	-54.68M	-46.15M	-52.34M	-44.06M	-53.38M	-38.61M	-49.31M	-42.72M	-48.72M	-39.03M	-39.97M	-51.70M	-63.90M	-94.34M	-77.98M	-70.13M	-64.87M	-48.58M	-46.77M	-50.06M	-44.60M	-45.64M	-33.01M	-32.22M	-40.02M
Free Cash Flow	18.25M	6.23M	18.89M	31.61M	22.15M	6.72M	13.68M	11.87M	0.64M	6.37M	6.89M	6.93M	-0.79M	5.05M	-2.50M	7.69M	-1.66M	11.17M	5.08M	-2.10M	-11.81M	-4.85M	6.74M	-0.24M	10.28M	2.63M	-5.35M	-12.92M	-1.44M	-6.55M	-27.07M

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	72.43M	73.92M	83.54M	95.65M	75.69M	68.39M	74.12M	74.36M	63.37M	61.21M	71.25M	84.78M	70.72M	70.13M	62.20M	59.54M	47.95M	67.63M	74.91M	79.67M	71.91M	68.34M	43.29M	40.42M	-50.28M	-37.35M	-41.47M	-8.64M	-7.83M	-81.56M	-42.48M
(-) Tax Adjustment	20.11M	17.30M	20.47M	23.63M	19.42M	17.04M	18.47M	19.17M	-4.03M	19.02M	22.87M	29.14M	22.76M	23.71M	17.75M	15.64M	16.68M	21.19M	25.13M	32.87M	24.72M	23.38M	16.06M	14.17M	-18.21M	-12.75M	-13.56M	-2.87M	-2.92M	-27.98M	-12.70M
(-) Change In Working Capital	0.87M	1.29M	0.63M	-2.74M	-7.67M	1.77M	0.36M	-2.04M	-2.95M	0.11M	2.22M	-5.33M	-2.94M	-0.89M	-2.21M	-3.19M	1.49M	2.98M	-1.69M	4.68M	-6.97M	-7.09M	-0.76M	-5.14M	4.55M	-1.73M	-1.39M	-2.05M	-0.76M	-1.22M	-7.35M
(-) Capital Expenditure	63.38M	57.10M	64.50M	53.97M	53.59M	46.51M	54.68M	46.15M	52.34M	44.06M	53.38M	38.61M	49.31M	42.72M	48.72M	39.03M	39.97M	51.70M	63.90M	94.34M	77.98M	70.13M	64.87M	48.58M	46.77M	50.06M	44.60M	45.64M	33.01M	32.22M	40.02M
Unlevered Free Cash Flow	-11.94M	-1.76M	-2.06M	20.80M	10.35M	3.06M	0.62M	11.07M	18.01M	-1.98M	-7.22M	22.35M	1.59M	4.60M	-2.05M	8.06M	-10.19M	-8.23M	-12.43M	-52.22M	-23.82M	-18.09M	-36.88M	-17.19M	-83.39M	-72.93M	-71.13M	-49.36M	-37.16M	-84.59M	-62.45M
(-) Net Interest Income After Taxes	-3.33M	-2.76M	-1.95M	-1.89M	-1.73M	-2.02M	-2.52M	-2.00M	-2.11M	-1.24M	-1.49M	-1.44M	-1.52M	-1.44M	-1.31M	-1.25M	-1.04M	-0.81M	-0.77M	-0.42M	-0.66M	-0.87M	-0.95M	-1.05M	-0.74M	-0.47M	-0.07M	-0.08M	-0.02M	0.00M	-0.02M
Net Debt Issuance	-4.28M	0.18M	-2.95M	0.24M	-1.98M	-3.05M	-0.77M	-4.51M	-2.66M	-3.77M	-1.19M	2.51M	-3.58M	2.32M	7.69M	0.25M	-3.61M	2.70M	-5.77M	1.20M	7.17M	-0.27M	-11.10M	-9.65M	-13.11M	-4.34M	11.18M	8.92M	-6.44M	0.29M	5.97M
Levered Free Cash Flow	-12.89M	1.18M	-3.06M	22.93M	10.11M	2.04M	2.37M	8.55M	17.46M	-4.51M	-6.92M	26.31M	-0.46M	8.36M	6.95M	9.56M	-12.76M	-4.72M	-17.42M	-50.59M	-15.99M	-17.48M	-47.03M	-25.79M	-95.76M	-76.81M	-59.88M	-40.36M	-43.58M	-84.29M	-56.47M