Shell Companies

Category: Industry Averages Base Ticker: PRBM

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	8.38	8.84	8.03	9.03	10.57	10.88	7.58	6.60	5.79	6.19	6.60	5.91	6.20	6.06	6.92	7.22	6.48	7.72	7.38	6.18	45.06	49.75	10.63	10.63	10.32	10.32	10.63	10.63	14.03	7.95	7.96
Market Capitalization	868.68M	804.24M	278.20M	353.10M	309.58M	363.07M	269.36M	123.97M	63.58M	123.43M	159.92M	142.21M	145.97M	132.92M	121.47M	123.18M	110.86M	117.92M	132.41M	145.40M	144.96M	143.01M	169.02M	283.42M	231.60M	229.50M	168.73M	162.32M	125.92M	127.87M	115.72M
(-) Cash & Equivalents	52.54M	90.76M	4.48M	8.49M	7.92M	1.71M	0.80M	0.97M	7.25M	7.28M	14.46M	5.69M	18.67M	19.34M	22.25M	22.58M	31.86M	40.85M	36.65M	20.39M	16.68M	9.72M	12.00M	34.53M	48.52M	34.41M	61.90M	3.01M	15.81M	6.61M	6.78M
(+) Total Debt	42.66M	94.37M	9.65M	13.80M	3.46M	1.37M	0.98M	15.11M	23.21M	27.41M	67.08M	37.64M	40.09M	33.71M	28.91M	23.41M	12.59M	17.49M	32.95M	164.87M	122.57M	126.86M	25.65M	46.90M	210.46M	214.41M	57.19M	61.93M	35.49M	43.50M	56.64M
Enterprise Value	1,083.31M	1,138.48M	297.68M	367.92M	304.20M	387.11M	363.46M	183.95M	103.82M	187.01M	219.32M	160.34M	161.64M	140.96M	127.28M	126.48M	110.00M	129.74M	125.76M	323.33M	294.04M	308.09M	179.91M	515.32M	395.12M	432.01M	163.36M	201.27M	145.67M	164.75M	165.58M

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	344.367M	355.474M	30.364M	27.948M	9.776M	6.506M	1.785M	21.062M	18.396M	181.453M	140.440M	221.776M	215.208M	240.470M	32.115M	340.571M	292.798M	320.298M	342.601M	449.704M	484.929M	305.988M	403.383M	367.278M	902.023M	883.177M	302.464M	262.543M	169.117M	233.334M	191.967M
Cost of Revenue	185.191M	165.954M	21.494M	18.541M	8.454M	2.814M	0.635M	2.199M	8.621M	7.835M	15.270M	70.481M	38.866M	98.069M	25.155M	262.106M	226.464M	202.036M	245.949M	263.874M	336.167M	244.243M	324.704M	286.208M	771.447M	738.042M	247.432M	222.303M	144.951M	162.757M	138.075M
Gross Profit	159.177M	189.520M	8.870M	9.406M	1.322M	3.692M	1.150M	18.863M	9.775M	173.618M	125.169M	151.295M	176.342M	142.401M	6.961M	78.465M	66.334M	118.261M	96.652M	185.830M	148.761M	61.745M	78.679M	81.070M	130.576M	145.135M	55.033M	40.240M	24.166M	70.577M	53.892M
Gross Margin	46.22%	53.31%	29.21%	33.66%	13.52%	56.75%	64.43%	89.56%	53.14%	95.68%	89.13%	68.22%	81.94%	59.22%	21.67%	23.04%	22.66%	36.92%	28.21%	41.32%	30.68%	20.18%	19.50%	22.07%	14.48%	16.43%	18.19%	15.33%	14.29%	30.25%	28.07%
R&D Expenses	15.468M	14.125M	2.745M	3.161M	1.219M	0.123M	0.010M	0.000M	0.000M	0.000M	0.001M	0.001M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	2.379M	1.707M	0.000M	0.000M	0.000M	0.000M	0.000M
SG&A Expenses	107.583M	91.119M	19.061M	13.165M	6.565M	4.020M	2.484M	5.274M	4.704M	4.074M	20.912M	8.936M	7.397M	42.981M	4.797M	6.881M	24.317M	33.214M	35.193M	44.033M	67.850M	39.989M	49.489M	49.724M	63.312M	61.763M	37.422M	38.054M	24.303M	26.223M	23.250M
Operating Expenses	123.051M	105.244M	21.807M	16.326M	7.783M	4.143M	2.494M	5.274M	4.704M	4.074M	20.913M	8.936M	7.397M	42.981M	4.797M	6.881M	24.317M	33.214M	35.193M	44.033M	67.850M	39.989M	49.489M	49.724M	65.691M	63.471M	37.422M	38.054M	24.303M	26.223M	23.250M
Operating Income	36.126M	84.276M	-12.937M	-6.920M	-6.462M	-0.450M	-1.344M	13.589M	5.071M	169.543M	104.257M	142.358M	168.945M	99.420M	2.164M	71.583M	42.017M	85.047M	61.459M	141.797M	80.911M	21.755M	29.190M	31.346M	64.885M	81.665M	17.610M	2.185M	-0.137M	44.354M	30.642M
Operating Margin	10.49%	23.71%	-42.61%	-24.76%	-66.10%	-6.92%	-75.28%	64.52%	27.57%	93.44%	74.24%	64.19%	78.50%	41.34%	6.74%	21.02%	14.35%	26.55%	17.94%	31.53%	16.69%	7.11%	7.24%	8.53%	7.19%	9.25%	5.82%	0.83%	-0.08%	19.01%	15.96%
Interest Income	1.016M	1.197M	0.671M	0.348M	0.011M	0.006M	0.013M	0.003M	0.026M	0.006M	0.002M	0.007M	0.005M	0.037M	0.009M	0.016M	0.045M	0.447M	0.626M	0.012M	0.013M	0.006M	0.000M	0.000M	1.203M	1.458M	0.004M	0.004M	1.042M	0.001M	0.000M
Interest Expense	6.461M	-0.914M	0.881M	0.541M	0.346M	0.035M	0.078M	0.084M	0.600M	0.873M	1.749M	1.640M	2.123M	2.520M	3.116M	0.414M	0.778M	0.259M	0.149M	0.117M	0.159M	0.133M	0.148M	0.028M	0.876M	1.446M	0.333M	0.567M	2.994M	3.575M	3.075M
Net Interest Income	-5.445M	2.111M	-0.210M	-0.193M	-0.335M	-0.029M	-0.065M	-0.081M	-0.574M	-0.867M	-1.747M	-1.633M	-2.118M	-2.484M	-3.107M	-0.397M	-0.733M	0.187M	0.477M	-0.105M	-0.146M	-0.128M	-0.148M	-0.027M	0.327M	0.012M	-0.329M	-0.562M	-1.952M	-3.574M	-3.075M
Other Income / Expense	-85.732M	-146.184M	-5.600M	-1.800M	4.803M	-0.863M	0.843M	-14.081M	-4.536M	-168.387M	-104.631M	-142.061M	-170.716M	-102.108M	2.869M	-73.977M	-48.998M	-105.686M	-52.711M	-130.387M	-58.140M	-0.379M	-2.479M	-9.862M	-16.440M	-39.182M	-8.665M	0.097M	1.287M	-43.317M	-26.545M
Pre-Tax Income	-55.051M	-59.796M	-18.747M	-8.913M	-1.994M	-1.342M	-0.566M	-0.573M	-0.038M	0.289M	-2.122M	-1.336M	-3.888M	-5.172M	1.925M	-2.791M	-7.714M	-20.452M	9.224M	11.305M	22.625M	21.248M	26.563M	21.456M	48.772M	42.495M	8.617M	1.720M	-0.801M	-2.537M	1.021M
Pre-Tax Margin	-15.99%	-16.82%	-61.74%	-31.89%	-20.40%	-20.63%	-31.71%	-2.72%	-0.21%	0.16%	-1.51%	-0.60%	-1.81%	-2.15%	5.99%	-0.82%	-2.63%	-6.39%	2.69%	2.51%	4.67%	6.94%	6.59%	5.84%	5.41%	4.81%	2.85%	0.66%	-0.47%	-1.09%	0.53%
Income Tax Expense	0.817M	-0.212M	0.124M	0.010M	0.119M	0.018M	0.139M	0.157M	0.666M	0.000M	0.303M	0.516M	0.409M	0.292M	1.189M	0.877M	-2.283M	-0.174M	2.696M	5.672M	8.727M	7.245M	8.446M	5.829M	16.454M	14.649M	3.612M	1.120M	4.626M	2.117M	3.792M
Tax Rate	0.00%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	35.00%	0.00%	29.59%	0.85%	29.23%	35.00%	35.00%	34.09%	31.80%	27.17%	33.74%	34.47%	35.00%	35.00%	0.00%	0.00%	35.00%
Net Income	-55.868M	-59.584M	-18.871M	-8.923M	-2.113M	-1.360M	-0.706M	-0.730M	-0.704M	0.289M	-2.425M	-1.853M	-4.297M	-5.463M	0.736M	-3.668M	-5.431M	-20.278M	6.528M	5.633M	13.898M	14.004M	18.117M	15.627M	32.318M	27.846M	5.004M	0.600M	-5.427M	-4.655M	-2.770M
Net Margin	-16.22%	-16.76%	-62.15%	-31.93%	-21.62%	-20.91%	-39.53%	-3.47%	-3.83%	0.16%	-1.73%	-0.84%	-2.00%	-2.27%	2.29%	-1.08%	-1.85%	-6.33%	1.91%	1.25%	2.87%	4.58%	4.49%	4.25%	3.58%	3.15%	1.65%	0.23%	-3.21%	-1.99%	-1.44%
EBIT	36.126M	84.276M	-12.937M	-6.920M	-6.462M	-0.450M	-1.344M	13.589M	5.071M	169.543M	104.257M	142.358M	168.945M	99.420M	2.164M	71.583M	42.017M	85.047M	61.459M	141.797M	80.911M	21.755M	29.190M	31.346M	64.885M	81.665M	17.610M	2.185M	-0.137M	44.354M	30.642M
Depreciation & Amortization	8.323M	6.862M	1.724M	1.549M	1.507M	0.417M	0.951M	1.267M	1.546M	2.076M	3.024M	2.671M	3.433M	7.332M	5.775M	5.258M	8.015M	12.277M	3.540M	6.613M	22.685M	22.778M	4.489M	5.106M	31.932M	26.832M	5.239M	5.410M	4.721M	3.399M	3.906M
EBITDA	44.448M	91.138M	-11.213M	-5.371M	-4.955M	-0.033M	-0.393M	14.856M	6.617M	171.619M	107.281M	145.030M	172.377M	106.752M	7.939M	76.841M	50.032M	97.324M	64.999M	148.410M	103.596M	44.534M	33.679M	36.452M	96.817M	108.497M	22.849M	7.595M	4.584M	47.753M	34.548M
EBITDA Margin	12.91%	25.64%	-36.93%	-19.22%	-50.68%	-0.51%	-22.00%	70.53%	35.97%	94.58%	76.39%	65.39%	80.10%	44.39%	24.72%	22.56%	17.09%	30.39%	18.97%	33.00%	21.36%	14.55%	8.35%	9.92%	10.73%	12.28%	7.55%	2.89%	2.71%	20.47%	18.00%
NOPAT	36.126M	83.977M	-12.937M	-6.920M	-6.462M	-0.450M	-1.344M	13.589M	5.071M	169.541M	104.257M	142.358M	168.945M	99.420M	1.406M	71.583M	29.583M	84.324M	43.493M	92.168M	52.592M	14.338M	19.909M	22.830M	42.995M	53.513M	11.447M	1.421M	-0.137M	44.354M	19.917M
NOPAT Margin	10.49%	23.62%	-42.61%	-24.76%	-66.10%	-6.92%	-75.28%	64.52%	27.57%	93.44%	74.24%	64.19%	78.50%	41.34%	4.38%	21.02%	10.10%	26.33%	12.70%	20.50%	10.85%	4.69%	4.94%	6.22%	4.77%	6.06%	3.78%	0.54%	-0.08%	19.01%	10.38%
Owner's Earnings	-47.546M	-52.722M	-17.147M	-7.374M	-0.607M	-0.943M	0.245M	0.537M	0.841M	2.365M	0.599M	0.819M	-0.865M	1.868M	6.512M	1.591M	2.584M	-8.001M	10.068M	12.246M	36.583M	36.782M	22.607M	20.733M	64.250M	54.678M	10.243M	6.010M	-0.706M	-1.256M	1.136M
Owner's Earnings Margin	-13.81%	-14.83%	-56.47%	-26.39%	-6.20%	-14.50%	13.75%	2.55%	4.57%	1.30%	0.43%	0.37%	-0.40%	0.78%	20.28%	0.47%	0.88%	-2.50%	2.94%	2.72%	7.54%	12.02%	5.60%	5.65%	7.12%	6.19%	3.39%	2.29%	-0.42%	-0.54%	0.59%
EPS	-0.72	-0.77	-0.64	-0.31	-0.09	-0.06	-0.03	-0.03	-0.04	0.02	-0.12	-0.09	-0.21	-0.28	0.04	-0.22	-0.34	-1.36	0.36	0.28	0.77	0.99	1.23	0.99	1.41	1.22	0.35	0.04	-0.52	-0.39	-0.26
EPS (Diluted)	-0.72	-0.77	-0.64	-0.31	-0.09	-0.06	-0.03	-0.03	-0.04	0.02	-0.12	-0.09	-0.21	-0.28	0.04	-0.22	-0.34	-1.36	0.36	0.28	0.77	0.99	1.23	0.99	1.41	1.22	0.35	0.04	-0.52	-0.39	-0.26
Shares (Diluted)	78,075,373	77,696,761	29,295,269	28,908,924	24,620,699	24,644,516	21,718,225	21,427,129	18,139,079	19,153,339	20,127,455	19,708,063	20,757,143	19,593,356	19,082,336	16,566,568	16,202,423	14,905,403	17,884,819	20,195,008	18,026,907	14,096,172	14,703,040	15,840,365	22,922,821	22,776,508	14,120,970	13,735,917	10,421,929	11,836,727	10,597,397

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	57.44M	93.42M	6.65M	9.25M	8.46M	1.82M	0.84M	1.05M	7.25M	7.28M	14.46M	5.69M	18.67M	19.34M	22.25M	22.58M	31.86M	40.85M	39.27M	21.96M	18.51M	10.94M	12.00M	34.53M	48.52M	34.41M	61.90M	10.01M	19.72M	6.61M	6.78M
Short-Term Investments	21.58M	23.08M	1.86M	5.21M	0.77M	10.57M	2.79M	3.04M	3.62M	1.61M	12.86M	30.59M	23.99M	9.30M	16.88M	17.09M	8.24M	4.84M	15.38M	17.03M	0.37M	0.95M	0.00M	0.17M	0.14M	14.87M	1.20M	2.34M	4.80M	7.03M	0.00M
Cash & Short-Term Investments	79.02M	116.50M	8.51M	14.46M	9.23M	12.39M	3.63M	4.09M	10.88M	8.90M	27.31M	36.28M	42.66M	28.64M	39.14M	39.67M	40.10M	45.69M	54.65M	38.99M	18.88M	11.88M	12.00M	34.70M	48.66M	49.27M	63.10M	12.35M	24.52M	13.64M	6.78M
Net Receivables	29.62M	34.40M	2.54M	1.54M	0.90M	0.24M	0.09M	0.28M	2.64M	2.63M	3.39M	4.29M	4.26M	4.01M	6.74M	7.60M	35.10M	39.52M	42.15M	42.18M	92.78M	97.02M	114.56M	80.10M	105.73M	95.49M	67.23M	81.39M	46.42M	43.00M	50.53M
Inventory	3.27M	5.73M	0.55M	0.24M	0.00M	0.00M	0.00M	0.01M	0.11M	0.20M	0.76M	0.64M	0.13M	6.82M	10.02M	8.99M	16.25M	9.57M	23.83M	11.06M	51.98M	54.34M	63.81M	65.69M	75.50M	74.70M	51.97M	71.67M	46.70M	4.64M	5.80M
Other Current Assets	11.82M	16.01M	1.12M	1.18M	0.39M	0.21M	0.09M	0.47M	0.97M	0.94M	4.18M	3.79M	3.48M	3.12M	3.25M	4.51M	13.47M	24.57M	24.54M	11.46M	18.17M	16.49M	12.65M	13.07M	14.62M	17.96M	7.55M	11.37M	6.92M	5.60M	4.56M
Total Current Assets	123.74M	172.64M	12.71M	17.42M	10.52M	12.85M	3.82M	4.84M	14.60M	12.67M	35.64M	45.00M	50.53M	42.60M	59.15M	60.77M	104.92M	119.34M	145.18M	103.69M	181.81M	179.74M	203.03M	193.56M	244.50M	237.42M	189.85M	176.78M	124.55M	66.89M	67.66M
Property, Plant & Equipment	41.14M	74.69M	4.69M	2.79M	1.07M	0.28M	0.16M	0.33M	7.57M	8.76M	16.97M	20.89M	21.85M	34.80M	61.07M	59.19M	71.18M	68.61M	25.78M	226.80M	240.98M	241.63M	33.78M	27.03M	311.77M	264.08M	25.87M	182.91M	60.65M	12.68M	11.43M
Goodwill	20.99M	26.72M	0.00M	0.01M	0.00M	0.00M	0.00M	0.00M	0.06M	0.00M	4.13M	1.26M	0.00M	31.28M	34.64M	21.16M	20.21M	19.98M	33.44M	49.22M	23.92M	19.19M	0.07M	7.99M	11.90M	7.56M	0.00M	3.88M	0.00M	0.00M	0.00M
Intangible Assets	12.92M	15.69M	0.42M	0.32M	0.16M	0.00M	0.01M	0.02M	0.23M	0.28M	0.29M	0.26M	0.29M	0.27M	4.70M	1.41M	1.33M	1.49M	1.28M	2.29M	22.53M	25.65M	16.14M	5.77M	43.48M	43.06M	9.69M	6.29M	0.00M	5.73M	0.00M
Long-Term Investments	0.00M	0.00M	1.39M	20.31M	66.22M	0.00M	0.31M	2.79M	1.73M	6.58M	11.41M	12.07M	6.70M	8.48M	5.49M	10.69M	1.71M	0.38M	0.14M	0.00M	2.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.46M	1.43M	2.23M	0.00M
Tax Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.02M	0.64M	1.08M	0.81M	1.73M	1.31M	2.69M	1.54M	0.55M	0.76M	2.22M	2.30M	1.72M	1.23M	2.88M	2.33M	1.08M	0.32M	0.06M	0.03M	0.04M	0.03M	0.02M
Other Non-Current Assets	16.52M	10.88M	1.60M	1.26M	1.00M	53.34M	0.67M	0.75M	2.37M	2.98M	3.97M	4.51M	5.57M	8.08M	6.01M	3.27M	4.34M	1.20M	1.61M	3.99M	21.98M	20.10M	23.00M	8.02M	12.39M	10.07M	8.67M	69.20M	25.37M	120.42M	135.07M
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	91.57M	127.98M	8.09M	24.70M	68.44M	53.63M	1.16M	3.90M	11.98M	19.24M	37.86M	39.80M	36.14M	84.21M	114.60M	97.26M	99.32M	92.41M	64.46M	284.60M	313.42M	307.80M	75.88M	51.13M	380.62M	325.08M	44.28M	262.77M	87.49M	141.08M	146.52M
Total Assets	215.31M	300.62M	20.80M	42.12M	78.97M	66.48M	4.97M	8.74M	26.58M	31.90M	73.50M	84.80M	86.67M	126.80M	173.75M	158.03M	204.24M	211.75M	209.64M	388.29M	495.23M	487.55M	278.90M	244.69M	625.12M	562.50M	234.13M	439.55M	212.03M	207.97M	214.17M
Accounts Payable	9.84M	13.86M	3.05M	2.00M	1.10M	0.45M	0.50M	0.30M	3.46M	3.24M	5.58M	6.20M	4.76M	6.59M	7.41M	7.77M	10.97M	10.04M	16.84M	22.47M	20.30M	16.02M	13.86M	10.12M	66.04M	74.40M	10.21M	52.83M	4.31M	3.82M	6.32M
Short-Term Debt	10.00M	16.58M	4.13M	1.53M	0.39M	0.19M	0.10M	0.09M	0.24M	0.14M	0.84M	0.36M	0.19M	1.37M	1.23M	1.21M	1.33M	1.96M	1.37M	4.24M	1.87M	1.97M	0.00M	0.58M	0.00M	0.00M	0.00M	8.61M	4.45M	1.52M	1.52M
Tax Payables	0.00M	0.00M	0.03M	0.11M	0.01M	0.00M	0.00M	0.01M	0.02M	0.00M	0.01M	0.11M	0.03M	0.02M	0.00M	0.00M	0.00M	0.02M	0.36M	0.03M	0.06M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.01M	0.01M	0.00M
Deferred Revenue	6.50M	11.79M	0.33M	0.26M	0.14M	0.03M	0.00M	0.00M	0.03M	0.00M	0.95M	0.91M	0.33M	0.48M	1.51M	2.11M	2.03M	2.10M	0.00M	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 Current Liabilities	34.53M	39.64M	2.92M	3.80M	1.10M	0.30M	0.32M	1.79M	7.66M	9.21M	21.80M	17.99M	6.70M	19.75M	34.66M	32.69M	30.63M	23.79M	20.00M	46.15M	64.00M	63.43M	63.72M	55.43M	81.12M	77.85M	47.46M	73.50M	45.71M	26.42M	26.63M
Total Current Liabilities	60.87M	81.87M	10.47M	7.70M	2.75M	0.97M	0.91M	2.20M	11.41M	12.59M	29.18M	25.55M	12.01M	28.21M	44.80M	43.78M	44.95M	37.92M	38.57M	72.89M	86.23M	81.43M	77.58M	66.13M	147.15M	152.25M	57.67M	134.94M	54.48M	31.77M	34.47M
Long-Term Debt	19.71M	46.96M	1.73M	1.95M	0.47M	0.24M	0.83M	14.36M	25.53M	45.44M	52.07M	40.82M	37.09M	31.52M	6.19M	7.59M	4.83M	4.54M	9.52M	12.75M	38.89M	43.66M	22.46M	45.84M	210.08M	199.23M	50.51M	173.99M	39.86M	41.92M	55.07M
Capital Lease Obligations	11.52M	25.12M	1.02M	0.65M	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
Deferred Tax Liabilities	0.13M	0.10M	0.00M	0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.52M	1.31M	2.01M	2.59M	0.03M	0.00M	0.00M	0.00M	0.05M	0.05M	0.19M	0.02M	0.03M	0.00M	0.00M	0.00M	0.00M	0.49M	0.64M	0.73M	1.13M
Other Non-Current Liabilities	57.78M	73.77M	4.44M	3.78M	8.94M	3.60M	0.38M	0.50M	3.41M	3.92M	3.36M	15.52M	24.93M	28.03M	12.39M	7.24M	6.94M	14.50M	11.83M	10.14M	15.10M	15.10M	18.26M	7.82M	59.25M	46.20M	7.31M	56.38M	23.39M	32.32M	33.36M
Total Non-Current Liabilities	89.13M	145.95M	7.18M	6.40M	9.44M	3.85M	1.21M	14.86M	28.94M	49.36M	55.95M	57.65M	64.03M	62.14M	18.61M	14.83M	11.77M	19.05M	21.40M	22.94M	54.19M	58.79M	40.75M	53.66M	269.33M	245.42M	57.83M	230.86M	63.90M	74.97M	89.55M
Total Liabilities	150.00M	227.82M	17.66M	14.10M	12.19M	4.82M	2.12M	17.06M	40.35M	61.96M	85.13M	83.20M	76.04M	90.35M	63.42M	58.60M	56.72M	56.97M	59.97M	95.83M	140.42M	140.21M	118.33M	119.79M	416.48M	397.68M	115.50M	365.80M	118.38M	106.74M	124.02M
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	3.10M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	0.01M	0.03M	4.71M	32.04M	84.72M	26.90M	10.31M	1.60M	1.57M	0.80M	0.98M	1.58M	1.76M	1.52M	1.69M	1.66M	3.69M	0.64M	0.97M	1.05M	2.09M	0.19M	0.66M	0.26M	2.13M	2.10M	1.33M	1.89M	2.36M	0.07M	0.06M
Retained Earnings	-299.65M	-373.10M	-53.14M	-22.80M	-15.64M	-5.89M	-4.36M	-7.09M	-14.11M	-12.97M	-36.66M	-41.49M	-45.87M	-39.34M	-18.89M	-20.20M	-3.52M	6.08M	78.59M	93.06M	121.86M	123.77M	126.59M	110.04M	70.60M	98.29M	28.06M	17.81M	40.34M	47.76M	53.25M
Accumulated OCI	-0.04M	-0.07M	0.00M	-0.02M	0.00M	0.00M	0.00M	-0.07M	-2.59M	-0.39M	-8.21M	-3.70M	-0.92M	-7.03M	-9.37M	-5.42M	-4.78M	-4.26M	2.48M	-0.66M	-4.16M	-15.70M	-27.80M	-26.36M	-16.89M	-12.06M	-9.30M	-41.38M	-45.45M	-19.60M	-17.26M
Minority Interest	0.01M	0.39M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-299.67M	-373.13M	-48.43M	9.23M	69.08M	21.02M	5.95M	-5.56M	-15.14M	-12.56M	-43.89M	-43.61M	-45.03M	-44.84M	-26.57M	-23.96M	-4.61M	2.47M	82.05M	93.44M	119.80M	108.26M	99.44M	83.95M	58.94M	88.33M	20.08M	-21.68M	-2.75M	28.22M	36.05M
Total Equity	-299.66M	-372.74M	-48.43M	9.23M	69.08M	21.02M	5.95M	-5.56M	-15.14M	-12.56M	-43.89M	-43.61M	-45.03M	-44.84M	-26.57M	-23.96M	-4.61M	2.47M	82.05M	93.44M	119.80M	108.26M	99.44M	83.95M	58.94M	88.33M	20.08M	-21.68M	-2.75M	28.22M	36.05M
Total Liabilities & Equity	-149.66M	-144.92M	-30.78M	23.33M	81.27M	25.84M	8.07M	11.49M	25.21M	49.40M	41.25M	39.59M	31.00M	45.51M	36.85M	34.64M	52.11M	59.44M	142.02M	189.28M	260.22M	248.48M	217.78M	203.74M	475.42M	486.00M	135.58M	344.12M	115.63M	134.96M	160.08M
Tangible Assets	181.40M	258.22M	20.39M	41.79M	78.81M	66.48M	4.96M	8.72M	26.29M	31.62M	69.07M	83.27M	86.39M	95.25M	134.40M	135.46M	182.70M	190.29M	174.93M	336.78M	448.78M	442.71M	262.69M	230.93M	569.74M	511.88M	224.45M	429.38M	212.03M	202.24M	214.17M
Tangible Equity	-333.57M	-415.15M	-48.85M	8.90M	68.92M	21.02M	5.93M	-5.58M	-15.42M	-12.84M	-48.31M	-45.13M	-45.32M	-76.39M	-65.92M	-46.54M	-26.15M	-19.00M	47.33M	41.93M	73.35M	63.42M	83.23M	70.19M	3.56M	37.71M	10.39M	-31.85M	-2.75M	22.49M	36.05M
Tangible Book Value	-333.57M	-415.15M	-48.85M	8.90M	68.92M	21.02M	5.93M	-5.58M	-15.42M	-12.84M	-48.31M	-45.13M	-45.32M	-76.39M	-65.92M	-46.54M	-26.15M	-19.00M	47.33M	41.93M	73.35M	63.42M	83.23M	70.19M	3.56M	37.71M	10.39M	-31.85M	-2.75M	22.49M	36.05M
Total Investments	2.08M	5.12M	5.89M	36.18M	67.49M	23.58M	9.79M	2.81M	3.27M	11.71M	26.44M	18.77M	13.28M	14.12M	10.41M	31.19M	9.83M	8.31M	1.37M	3.79M	3.04M	1.70M	0.00M	0.00M	0.14M	14.87M	2.80M	2.80M	6.23M	9.25M	0.00M
Net Debt	-27.73M	-29.88M	-0.79M	-5.77M	-7.60M	-1.38M	0.08M	13.40M	18.52M	38.30M	38.45M	35.48M	18.62M	13.55M	-14.83M	-13.78M	-25.70M	-34.34M	-28.38M	-4.96M	22.25M	34.70M	10.45M	11.89M	161.57M	164.82M	-11.38M	172.59M	24.60M	36.84M	49.81M

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	82.07M	97.72M	4.64M	16.98M	12.56M	4.96M	1.58M	-3.22M	-6.85M	-2.15M	16.69M	21.35M	34.68M	36.12M	35.68M	35.94M	98.17M	95.00M	128.12M	98.31M	119.51M	118.90M	115.67M	126.80M	109.96M	94.41M	115.77M	53.57M	70.08M	35.12M	33.19M
Total Capital	176.62M	172.02M	28.14M	78.80M	99.85M	73.24M	36.18M	19.89M	72.02M	54.21M	125.62M	86.20M	95.13M	93.79M	119.99M	118.31M	84.13M	82.98M	174.37M	307.84M	306.14M	311.06M	194.95M	187.74M	430.30M	388.14M	170.84M	271.47M	138.03M	144.73M	146.79M
Capital Employed	328.58M	415.23M	37.50M	105.05M	148.01M	102.58M	59.60M	54.54M	95.90M	111.13M	138.12M	177.78M	150.59M	172.75M	200.51M	213.72M	253.51M	222.85M	203.27M	429.76M	456.10M	453.37M	199.62M	184.63M	498.36M	427.27M	159.24M	320.65M	157.56M	176.21M	179.70M
Invested Capital	119.18M	78.60M	21.49M	69.55M	91.38M	71.42M	35.33M	18.84M	64.77M	46.93M	111.16M	80.51M	76.46M	74.45M	97.73M	95.73M	52.27M	42.13M	135.10M	285.88M	287.63M	300.12M	182.95M	153.21M	381.78M	353.74M	108.94M	261.46M	118.31M	138.12M	140.01M

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	33.85M	23.36M	0.89M	1.04M	0.38M	0.20M	0.17M	0.25M	1.51M	2.05M	3.02M	2.65M	3.24M	3.64M	5.76M	5.26M	8.01M	10.75M	3.98M	7.25M	25.22M	25.29M	4.49M	5.11M	31.93M	26.83M	5.24M	18.46M	5.90M	3.40M	3.91M
Deferred Income Tax	-0.43M	-0.22M	0.00M	-0.06M	0.00M	0.00M	0.00M	0.00M	0.13M	0.00M	-0.20M	0.13M	-0.88M	-0.27M	0.64M	-0.11M	-2.30M	-1.77M	0.23M	1.17M	-1.49M	3.06M	2.62M	1.16M	8.30M	6.64M	0.65M	0.52M	1.28M	-1.07M	-1.34M
Stock-Based Compensation	17.45M	15.75M	1.70M	1.14M	0.30M	0.14M	0.02M	0.00M	0.02M	0.00M	0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	0.03M	0.00M	0.17M	-0.98M	0.24M	0.01M	-0.12M	-0.04M	-1.09M	0.24M	0.95M	1.10M	-0.37M	-16.39M	-6.73M	0.27M	0.91M	5.10M	4.32M	20.11M	3.86M	9.87M	-16.92M	5.78M	1.85M	3.74M	31.41M	-0.20M	40.07M	-8.50M	11.44M
Accounts Receivable	-2.69M	-2.30M	-0.42M	-0.26M	-0.07M	-0.03M	-0.01M	-0.06M	-0.04M	-0.02M	0.02M	-0.80M	-0.75M	0.56M	0.06M	0.00M	0.34M	0.27M	0.00M	-0.31M	-1.14M	-0.61M	0.00M	0.00M	0.00M	1.22M	0.00M	0.00M	-1.28M	-0.95M	-1.18M
Inventory	0.25M	0.03M	0.00M	-0.01M	0.00M	0.00M	0.00M	0.00M	0.05M	0.03M	-0.06M	-0.10M	-0.07M	0.01M	0.04M	-0.04M	-0.06M	0.00M	-0.02M	-0.11M	-4.32M	-6.34M	1.48M	-3.38M	-0.41M	-3.60M	4.87M	-12.65M	-6.53M	0.70M	0.12M
Accounts Payable	0.64M	0.13M	0.65M	0.66M	0.84M	0.10M	0.02M	0.17M	0.36M	-0.03M	-0.25M	0.02M	0.00M	0.11M	-0.15M	0.00M	-0.01M	0.00M	0.00M	-0.04M	0.06M	0.00M	0.00M	0.00M	0.00M	0.40M	0.00M	0.00M	0.18M	-0.13M	0.08M
Other Working Capital	0.49M	0.00M	0.05M	0.38M	-0.14M	-0.05M	-0.09M	-1.54M	-0.63M	0.29M	0.12M	-0.07M	-2.00M	-3.15M	-7.82M	-0.71M	-2.91M	24.26M	8.60M	18.11M	16.60M	13.94M	-11.33M	13.25M	7.41M	2.33M	28.16M	23.63M	47.70M	-8.12M	12.42M
Other Non-Cash Items	7.42M	14.18M	1.64M	-1.58M	-1.02M	0.82M	-0.36M	1.18M	1.26M	0.23M	1.74M	6.48M	2.33M	2.34M	1.01M	6.31M	16.61M	5.88M	-0.11M	-11.95M	12.69M	-5.81M	8.28M	-8.39M	-2.49M	8.20M	-2.96M	-12.77M	-34.11M	29.42M	-20.77M
Net Cash from Operating Activities	-4.18M	-19.57M	-6.12M	-7.51M	-3.71M	-0.73M	-1.40M	-0.18M	6.14M	3.75M	1.82M	2.75M	1.99M	-0.41M	3.72M	14.83M	9.41M	1.79M	23.06M	50.97M	44.07M	35.66M	3.16M	12.24M	51.33M	62.13M	27.09M	6.69M	6.74M	18.95M	-9.35M
Capital Expenditures (PPE)	-3.11M	-3.50M	-0.45M	-0.29M	-0.41M	-0.28M	-0.29M	-0.05M	-0.55M	-0.24M	-1.32M	-4.95M	-5.48M	-5.35M	-2.87M	-2.64M	-1.89M	-25.42M	-2.36M	-4.36M	-43.96M	-39.50M	-4.00M	-6.42M	-2.82M	-7.51M	-8.99M	-4.99M	-5.50M	-7.00M	-6.06M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.02M	-0.55M	0.00M	-0.29M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-0.32M	-0.42M	-0.53M	-3.73M	-0.26M	-0.05M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.02M	-0.01M	-0.05M	-0.02M	-0.02M	-0.17M	-0.30M	-0.07M	-0.31M	-2.61M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.55M	2.26M	1.16M	0.05M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.98M	0.01M	0.04M	0.00M	0.00M	0.00M	0.00M	1.68M	0.00M	0.00M	0.00M	16.23M	0.01M	0.00M	0.07M	0.00M	0.18M	0.43M
Other Investing Activities	-5.24M	-1.81M	0.14M	0.24M	-36.36M	0.00M	0.00M	0.27M	0.16M	-0.17M	0.07M	0.67M	-0.17M	3.62M	0.22M	0.66M	1.23M	0.35M	-20.19M	2.38M	1.78M	0.95M	-6.38M	-0.09M	0.03M	-5.68M	57.35M	2.00M	8.84M	-7.30M	4.46M
Net Cash from Investing Activities	-31.94M	-17.02M	1.25M	-5.18M	-68.80M	-9.77M	-11.08M	-4.32M	-1.12M	-0.55M	-11.27M	-4.86M	-7.19M	-1.67M	-0.75M	-11.04M	-9.33M	-32.46M	-33.55M	-12.16M	-47.42M	-43.27M	-17.11M	-13.89M	13.57M	-32.65M	-2.95M	-3.08M	3.34M	-14.11M	-1.17M
Net Debt Issuance	0.00M	0.00M	0.97M	0.66M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.02M	-0.02M	0.00M	-0.03M	0.04M	0.00M	0.00M	0.00M	0.00M	12.32M	9.14M	0.00M	31.42M	0.00M	0.00M	0.00M
Long-Term Debt Issuance	0.00M	0.00M	0.34M	0.07M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.02M	0.00M	0.00M	-0.03M	0.04M	0.00M	0.00M	0.00M	0.00M	12.32M	9.14M	0.00M	31.42M	0.00M	0.00M	0.00M
Short-Term Debt Issuance	0.00M	0.00M	0.13M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	0.00M	1.11M	2.28M	0.26M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	23.72M	0.01M	0.89M	0.00M	0.00M	0.00M	11.54M	0.00M	0.00M	0.06M	0.00M	0.00M	0.00M
Common Stock Issuance	2.17M	3.92M	1.34M	2.76M	44.91M	0.24M	0.01M	0.00M	0.01M	0.25M	0.00M	0.00M	1.54M	0.00M	0.39M	0.25M	0.09M	0.42M	31.84M	0.07M	0.92M	0.25M	0.08M	0.00M	11.54M	0.22M	0.00M	0.06M	0.00M	0.00M	0.00M
Common Stock Repurchased	0.00M	0.00M	-0.22M	-0.01M	0.00M	0.00M	0.00M	-0.22M	-1.77M	-1.26M	-5.19M	-0.58M	-1.08M	-0.29M	0.00M	0.00M	0.00M	0.00M	-1.45M	0.00M	0.00M	-13.25M	-1.48M	0.00M	0.94M	0.06M	-0.11M	0.00M	-0.73M	11.70M	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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.13M	-0.58M	-1.49M	-1.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.04M	-2.01M	-1.34M
Common 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	-0.13M	-0.58M	-1.49M	-1.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.04M	-2.01M	-1.34M
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	38.77M	12.68M	0.51M	-0.20M	70.25M	4.21M	3.94M	3.59M	-3.04M	1.23M	12.13M	-0.42M	3.12M	-4.14M	-3.91M	-2.82M	-4.00M	18.18M	-3.87M	-1.95M	0.53M	11.84M	-2.91M	-0.34M	0.97M	-2.68M	-4.35M	13.04M	2.60M	-1.59M	9.35M
Net Cash from Financing Activities	47.19M	18.71M	6.37M	18.07M	105.25M	11.08M	17.60M	3.11M	-3.42M	4.10M	8.04M	-3.26M	8.55M	-0.94M	-3.50M	-14.30M	-5.27M	29.37M	29.47M	12.93M	3.71M	10.61M	-24.12M	-2.13M	24.35M	2.42M	5.70M	44.38M	1.57M	-3.60M	8.01M
Effect of FX on Cash	-0.11M	0.00M	0.00M	-0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.01M	0.00M	-0.01M	0.00M	0.00M	0.00M	-0.05M	0.06M	0.27M	0.00M	0.12M	0.05M	0.00M	34.04M	-0.15M	-0.12M	0.09M
Net Change in Cash	47.08M	1.48M	-0.25M	-1.89M	2.95M	1.68M	0.26M	0.04M	-0.11M	0.16M	4.29M	0.33M	0.14M	-3.12M	-1.28M	-2.63M	0.09M	-2.55M	9.75M	0.55M	3.51M	-0.28M	-21.85M	-0.41M	16.49M	-38.44M	50.64M	35.17M	11.49M	1.12M	-2.42M
Cash at Beginning of Period	12.06M	56.78M	7.69M	15.19M	2.96M	1.16M	0.49M	2.41M	4.46M	7.26M	5.98M	16.29M	18.35M	20.81M	22.45M	31.85M	43.34M	32.91M	14.43M	10.11M	9.96M	12.64M	34.53M	35.39M	34.41M	77.82M	3.03M	19.92M	8.24M	7.40M	9.79M
Cash at End of Period	47.97M	49.66M	5.84M	11.88M	12.58M	3.07M	0.95M	2.51M	7.57M	7.55M	14.58M	5.76M	18.66M	19.34M	22.16M	22.69M	34.32M	40.64M	42.09M	14.97M	18.32M	11.05M	11.90M	34.52M	48.52M	34.40M	61.90M	44.05M	19.74M	8.52M	7.37M
Operating Cash Flow	-6.47M	-19.57M	-6.26M	-7.44M	-4.37M	-0.71M	-1.40M	-0.18M	6.14M	3.75M	1.82M	2.75M	1.99M	-0.41M	3.71M	14.83M	9.40M	1.79M	23.06M	50.97M	44.07M	35.66M	3.16M	12.24M	51.33M	62.13M	27.09M	6.69M	6.74M	18.95M	-9.35M
Capital Expenditure	-3.20M	-3.84M	-0.47M	-0.45M	-0.64M	-0.28M	-0.29M	-0.05M	-0.55M	-0.24M	-1.32M	-4.95M	-5.48M	-5.35M	-2.87M	-2.64M	-1.89M	-25.42M	-2.36M	-4.36M	-43.96M	-39.50M	-4.00M	-6.42M	-2.82M	-7.51M	-8.99M	-4.99M	-5.50M	-7.00M	-6.06M
Free Cash Flow	-16.90M	-29.73M	-9.19M	-8.45M	-5.14M	-0.83M	-1.89M	-1.19M	2.61M	2.80M	-0.45M	-2.54M	-8.49M	-5.63M	2.33M	14.10M	6.97M	-18.63M	18.35M	-2.23M	-6.10M	-4.56M	2.10M	8.03M	-2.00M	-7.42M	5.31M	-36.27M	1.24M	11.96M	-15.41M

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	-27.56M	-41.49M	-16.06M	-9.79M	-4.59M	-1.03M	-0.19M	2.03M	6.80M	5.44M	3.50M	5.67M	1.07M	10.00M	20.43M	12.29M	-2.63M	3.56M	22.90M	45.79M	52.31M	36.78M	31.39M	27.17M	94.52M	81.68M	40.44M	6.24M	5.75M	4.69M	5.43M
(-) Tax Adjustment	0.41M	-0.15M	0.11M	0.01M	0.27M	0.01M	0.05M	-0.56M	-13.59M	0.00M	-0.50M	-2.19M	-0.11M	-0.56M	12.62M	-3.86M	-0.78M	0.03M	6.70M	22.97M	20.18M	12.54M	9.98M	7.38M	31.89M	28.16M	16.95M	4.07M	-11.50M	-3.91M	10.85M
(-) Change In Working Capital	0.03M	0.00M	0.17M	-0.98M	0.24M	0.01M	-0.12M	-0.04M	-1.09M	0.24M	0.95M	1.10M	-0.37M	-16.39M	-6.73M	0.27M	0.91M	5.10M	4.32M	20.11M	3.86M	9.87M	-16.92M	5.78M	1.85M	3.74M	31.41M	-0.20M	40.07M	-8.50M	11.44M
(-) Capital Expenditure	3.20M	3.84M	0.47M	0.45M	0.64M	0.28M	0.29M	0.05M	0.55M	0.24M	1.32M	4.95M	5.48M	5.35M	2.87M	2.64M	1.89M	25.42M	2.36M	4.36M	43.96M	39.50M	4.00M	6.42M	2.82M	7.51M	8.99M	4.99M	5.50M	7.00M	6.06M
Unlevered Free Cash Flow	-31.20M	-45.19M	-16.80M	-9.27M	-5.73M	-1.33M	-0.39M	2.58M	20.93M	4.95M	1.73M	1.80M	-3.93M	21.61M	11.67M	13.24M	-4.65M	-26.99M	9.53M	-1.66M	-15.69M	-25.12M	34.32M	7.58M	57.95M	42.26M	-16.91M	-2.61M	-28.32M	10.10M	-22.93M
(-) Net Interest Income After Taxes	-5.53M	2.10M	-0.21M	-0.19M	-0.36M	-0.03M	-0.08M	-0.10M	-1.72M	-0.87M	-2.00M	-2.26M	-2.34M	-2.62M	-1.19M	-0.52M	-0.52M	0.19M	0.34M	-0.05M	-0.09M	-0.08M	-0.10M	-0.02M	0.22M	0.01M	-0.19M	-0.20M	-5.85M	-6.56M	3.08M
Net Debt Issuance	0.00M	0.00M	0.97M	0.66M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.02M	-0.02M	0.00M	-0.03M	0.04M	0.00M	0.00M	0.00M	0.00M	12.32M	9.14M	0.00M	31.42M	0.00M	0.00M	0.00M
Levered Free Cash Flow	-25.67M	-47.29M	-15.62M	-8.42M	-5.38M	-1.29M	-0.31M	2.68M	22.65M	5.82M	3.73M	4.07M	-1.59M	24.23M	12.86M	13.74M	-4.16M	-27.18M	9.17M	-1.57M	-15.60M	-25.04M	34.42M	7.60M	70.06M	51.39M	-16.72M	29.01M	-22.47M	16.66M	-26.00M