Asset Management - Bonds

Category: Industry Averages Base Ticker: WEA

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	11.78	11.89	10.22	10.71	12.42	12.22	11.80	11.36	11.79	12.01	11.45	11.65	11.73	11.48	9.29	9.71	5.10	3.76	5.71	6.90	6.47	6.84	6.79	7.88	8.45	8.13	7.69	10.19	10.50	9.75	9.25
Market Capitalization	290.26M	330.55M	382.26M	455.75M	540.15M	527.40M	560.36M	524.01M	547.52M	542.17M	541.61M	597.06M	587.52M	676.52M	421.39M	443.80M	257.11M	189.25M	290.13M	348.93M	327.65M	344.83M	337.92M	378.48M	405.52M	388.45M	367.43M	480.46M	487.10M	450.45M	423.19M
(-) Cash & Equivalents	1.62M	0.77M	1.03M	1.61M	1.51M	1.03M	1.63M	1.37M	1.55M	3.08M	1.74M	3.72M	3.84M	1.70M	3.05M	0.75M	3.80M	0.00M	0.30M	0.25M	4.90M	1.85M	4.90M	0.00M	0.00M	0.10M	0.00M	0.00M	0.10M	0.10M	0.00M
(+) Total Debt	94.19M	141.03M	95.47M	88.01M	93.19M	87.03M	79.29M	23.34M	26.61M	22.90M	12.97M	7.40M	0.31M	0.00M	211.79M	205.38M	21.00M	29.35M	53.75M	54.00M	55.00M	56.80M	53.55M	0.10M	0.00M	0.00M	0.20M	0.70M	0.00M	0.00M	0.00M
Enterprise Value	382.83M	474.24M	513.32M	578.52M	705.02M	636.89M	701.62M	660.93M	697.19M	683.77M	684.11M	696.97M	702.23M	769.71M	630.13M	648.44M	274.31M	218.60M	343.58M	402.68M	377.75M	399.78M	386.57M	378.58M	405.52M	388.35M	367.63M	481.16M	487.00M	450.35M	423.19M

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	40.352M	26.566M	25.809M	22.080M	21.915M	26.737M	27.063M	20.408M	21.951M	24.720M	23.254M	23.504M	19.586M	21.772M	20.554M	34.311M	26.980M	32.745M	33.985M	33.965M	34.275M	34.505M	35.195M	39.180M	39.920M	38.710M	32.790M	31.910M	32.400M	33.030M	33.710M
Cost of Revenue	5.065M	1.857M	1.107M	1.529M	1.170M	1.877M	1.212M	1.189M	1.224M	1.217M	0.364M	0.223M	0.000M	0.000M	0.798M	0.840M	2.910M	5.440M	7.045M	5.070M	3.875M	2.985M	2.695M	0.490M	0.490M	0.510M	0.090M	0.000M	0.000M	0.000M	0.000M
Gross Profit	35.286M	24.709M	24.703M	20.551M	20.745M	24.860M	25.851M	19.219M	20.727M	23.503M	22.891M	23.281M	19.586M	21.772M	19.756M	33.471M	24.070M	27.305M	26.940M	28.895M	30.400M	31.520M	32.500M	38.690M	39.430M	38.200M	32.700M	31.910M	32.400M	33.030M	33.710M
Gross Margin	87.45%	93.01%	95.71%	93.08%	94.66%	92.98%	95.52%	94.17%	94.42%	95.08%	98.44%	99.05%	100.00%	100.00%	96.12%	97.55%	89.21%	83.39%	79.27%	85.07%	88.69%	91.35%	92.34%	98.75%	98.77%	98.68%	99.73%	100.00%	100.00%	100.00%	100.00%
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	-0.912M	0.720M	3.288M	2.532M	2.845M	2.733M	2.903M	2.778M	2.845M	2.888M	3.020M	2.697M	3.249M	3.059M	0.894M	0.900M	1.065M	0.945M	0.855M	2.675M	2.735M	2.640M	2.635M	4.820M	4.900M	4.870M	3.830M	3.630M	3.540M	3.530M	3.530M
Operating Expenses	-0.912M	0.720M	3.288M	2.532M	2.845M	2.733M	2.903M	2.778M	2.845M	2.888M	3.020M	2.697M	3.249M	3.059M	0.894M	0.900M	1.065M	0.945M	0.855M	2.675M	2.735M	2.640M	2.635M	4.820M	4.900M	4.870M	3.830M	3.630M	3.540M	3.530M	3.530M
Operating Income	36.199M	23.989M	21.415M	18.019M	17.900M	22.127M	22.948M	16.441M	17.882M	20.615M	19.871M	20.584M	16.337M	18.713M	18.863M	32.571M	23.005M	26.360M	26.085M	26.220M	27.665M	28.880M	29.865M	33.870M	34.530M	33.330M	28.870M	28.280M	28.860M	29.500M	30.180M
Operating Margin	89.71%	90.30%	82.97%	81.61%	81.68%	82.76%	84.79%	80.56%	81.46%	83.39%	85.45%	87.58%	83.41%	85.95%	91.77%	94.93%	85.27%	80.50%	76.75%	77.20%	80.71%	83.70%	84.86%	86.45%	86.50%	86.10%	88.05%	88.62%	89.07%	89.31%	89.53%
Interest Income	0.000M	21.793M	9.877M	6.000M	5.650M	9.077M	8.420M	6.622M	4.141M	1.963M	1.197M	1.163M	1.284M	1.053M	29.622M	27.571M	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
Interest Expense	2.338M	5.996M	1.272M	0.399M	0.177M	0.315M	0.629M	0.547M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	4.558M	0.480M	24.510M	-44.895M	-14.405M	7.925M	3.255M	-1.505M	8.505M	-12.480M	4.960M	3.370M	-43.970M	2.380M	0.000M	-3.560M	41.260M
Net Interest Income	-2.338M	15.796M	8.605M	5.601M	5.473M	8.762M	7.791M	6.075M	4.141M	1.963M	1.197M	1.163M	1.284M	1.053M	25.064M	27.091M	-24.510M	44.895M	14.405M	-7.925M	-3.255M	1.505M	-8.505M	12.480M	-4.960M	-3.370M	43.970M	-2.380M	0.000M	3.560M	-41.260M
Other Income / Expense	-9.058M	-18.896M	-22.838M	-55.078M	-9.959M	-19.204M	-9.461M	-19.244M	-8.417M	-9.563M	-11.810M	2.401M	-16.251M	20.818M	-21.968M	-27.749M	68.330M	-146.000M	-30.765M	19.380M	-2.875M	3.500M	39.330M	-25.000M	9.880M	6.700M	-87.960M	4.750M	-0.570M	-7.140M	82.490M
Pre-Tax Income	24.802M	20.889M	7.182M	-31.457M	13.413M	11.686M	21.278M	3.273M	13.605M	13.014M	9.258M	24.148M	1.369M	40.583M	21.959M	31.913M	66.825M	-74.745M	9.725M	37.675M	21.535M	33.885M	60.690M	21.350M	39.450M	36.660M	-15.120M	30.650M	28.290M	25.920M	71.410M
Pre-Tax Margin	61.46%	78.63%	27.83%	-142.47%	61.21%	43.71%	78.62%	16.04%	61.98%	52.65%	39.81%	102.74%	6.99%	186.40%	106.84%	93.01%	247.68%	-228.26%	28.62%	110.92%	62.83%	98.20%	172.44%	54.49%	98.82%	94.70%	-46.11%	96.05%	87.31%	78.47%	211.84%
Income Tax Expense	0.000M	0.000M	0.071M	0.000M	0.003M	0.000M	0.000M	-0.047M	1.211M	0.008M	0.231M	0.117M	0.887M	3.122M	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
Tax Rate	0.00%	0.00%	0.99%	0.00%	0.02%	0.00%	0.00%	0.00%	8.90%	0.06%	2.49%	0.48%	35.00%	7.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income	24.802M	20.889M	7.111M	-31.457M	13.410M	11.686M	21.278M	3.320M	12.394M	13.006M	9.027M	24.031M	0.482M	37.461M	21.959M	31.913M	66.825M	-74.745M	9.725M	37.675M	21.535M	33.885M	60.690M	21.350M	39.450M	36.660M	-15.120M	30.650M	28.290M	25.920M	71.410M
Net Margin	61.46%	78.63%	27.55%	-142.47%	61.19%	43.71%	78.62%	16.27%	56.46%	52.62%	38.82%	102.24%	2.46%	172.06%	106.84%	93.01%	247.68%	-228.26%	28.62%	110.92%	62.83%	98.20%	172.44%	54.49%	98.82%	94.70%	-46.11%	96.05%	87.31%	78.47%	211.84%
EBIT	36.199M	23.989M	21.415M	18.019M	17.900M	22.127M	22.948M	16.441M	17.882M	20.615M	19.871M	20.584M	16.337M	18.713M	18.863M	32.571M	23.005M	26.360M	26.085M	26.220M	27.665M	28.880M	29.865M	33.870M	34.530M	33.330M	28.870M	28.280M	28.860M	29.500M	30.180M
Depreciation & Amortization	-14.195M	-4.217M	-4.176M	-8.312M	-8.696M	-8.727M	-13.080M	-11.595M	-11.121M	-11.920M	-11.771M	-10.026M	-12.315M	-9.623M	7.029M	-1.049M	68.360M	-145.955M	-30.725M	19.415M	-2.840M	3.510M	39.350M	-24.960M	9.920M	6.740M	-87.940M	4.770M	-0.540M	-7.120M	82.520M
EBITDA	22.004M	19.772M	17.239M	9.707M	9.204M	13.400M	9.868M	4.846M	6.760M	8.695M	8.099M	10.558M	4.021M	9.089M	25.891M	31.522M	91.365M	-119.595M	-4.640M	45.635M	24.825M	32.390M	69.215M	8.910M	44.450M	40.070M	-59.070M	33.050M	28.320M	22.380M	112.700M
EBITDA Margin	54.53%	74.43%	66.79%	43.96%	42.00%	50.12%	36.46%	23.75%	30.80%	35.17%	34.83%	44.92%	20.53%	41.75%	125.97%	91.87%	338.64%	-365.23%	-13.65%	134.36%	72.43%	93.87%	196.66%	22.74%	111.35%	103.51%	-180.15%	103.57%	87.41%	67.76%	334.32%
NOPAT	36.199M	23.989M	21.203M	18.019M	17.896M	22.127M	22.948M	16.441M	16.290M	20.602M	19.375M	20.484M	10.619M	17.273M	18.863M	32.571M	23.005M	26.360M	26.085M	26.220M	27.665M	28.880M	29.865M	33.870M	34.530M	33.330M	28.870M	28.280M	28.860M	29.500M	30.180M
NOPAT Margin	89.71%	90.30%	82.15%	81.61%	81.66%	82.76%	84.79%	80.56%	74.21%	83.34%	83.32%	87.15%	54.22%	79.34%	91.77%	94.93%	85.27%	80.50%	76.75%	77.20%	80.71%	83.70%	84.86%	86.45%	86.50%	86.10%	88.05%	88.62%	89.07%	89.31%	89.53%
Owner's Earnings	10.607M	16.672M	2.935M	-39.770M	4.714M	2.959M	8.198M	-8.275M	1.273M	1.087M	-2.745M	14.006M	-11.833M	27.838M	28.988M	30.864M	135.185M	-220.700M	-21.000M	57.090M	18.695M	37.395M	100.040M	-3.610M	49.370M	43.400M	-103.060M	35.420M	27.750M	18.800M	153.930M
Owner's Earnings Margin	26.29%	62.76%	11.37%	-180.12%	21.51%	11.07%	30.29%	-40.55%	5.80%	4.40%	-11.80%	59.59%	-60.42%	127.86%	141.03%	89.95%	501.06%	-674.00%	-61.79%	168.08%	54.54%	108.38%	284.24%	-9.21%	123.67%	112.12%	-314.30%	111.00%	85.65%	56.92%	456.63%
EPS	0.59	0.64	0.17	-0.72	0.31	0.27	0.46	0.08	0.31	0.32	0.22	0.61	0.01	0.98	0.42	0.62	1.28	-1.43	0.19	0.73	0.42	0.66	1.20	0.44	0.82	0.77	-0.32	0.65	0.61	0.56	1.56
EPS (Diluted)	0.59	0.64	0.17	-0.72	0.31	0.27	0.46	0.08	0.31	0.32	0.22	0.61	0.01	0.98	0.42	0.62	1.28	-1.43	0.19	0.73	0.42	0.66	1.20	0.44	0.82	0.77	-0.32	0.65	0.61	0.56	1.56
Shares (Diluted)	41,971,236	32,819,287	41,202,473	43,512,067	43,563,017	43,304,165	46,214,208	42,877,236	40,557,940	41,044,329	41,827,135	39,466,289	41,587,192	38,205,724	51,989,723	51,835,552	52,225,000	52,120,000	52,115,000	51,845,000	51,545,000	51,080,000	50,475,000	48,030,000	47,990,000	47,780,000	47,780,000	47,150,000	46,390,000	46,200,000	45,750,000

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	1.62M	0.78M	1.05M	1.63M	1.51M	1.04M	1.63M	1.37M	1.61M	3.09M	1.75M	3.73M	3.84M	1.70M	3.05M	0.75M	3.80M	0.00M	0.30M	0.25M	4.90M	1.85M	4.90M	0.00M	0.00M	0.10M	0.00M	0.00M	0.10M	0.10M	0.00M
Short-Term Investments	0.00M	1.86M	0.54M	0.54M	0.77M	2.94M	0.69M	0.68M	1.05M	0.80M	0.27M	0.16M	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	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	1.62M	2.64M	1.59M	2.16M	2.28M	3.98M	2.33M	2.05M	2.66M	3.89M	2.01M	3.89M	4.13M	1.70M	3.05M	0.75M	3.80M	0.00M	0.30M	0.25M	4.90M	1.85M	4.90M	0.00M	0.00M	0.10M	0.00M	0.00M	0.10M	0.10M	0.00M
Net Receivables	5.57M	6.57M	9.79M	11.31M	8.04M	8.64M	6.71M	7.07M	6.00M	6.86M	6.23M	6.25M	4.96M	6.14M	10.30M	11.03M	7.85M	8.45M	11.50M	12.10M	11.55M	9.75M	9.35M	11.30M	11.40M	23.60M	10.50M	8.40M	8.40M	8.70M	8.60M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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 Assets	-2.77M	-1.66M	3.77M	2.71M	4.31M	2.85M	2.67M	2.60M	2.23M	2.02M	3.41M	2.25M	2.73M	8.96M	0.00M	0.00M	0.00M	0.00M	0.00M	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 Current Assets	4.42M	7.55M	15.14M	16.18M	14.63M	15.47M	11.70M	11.71M	10.90M	12.76M	11.65M	12.39M	11.82M	16.80M	13.35M	11.78M	11.65M	8.45M	11.80M	12.35M	16.45M	11.60M	14.25M	11.30M	11.40M	23.70M	10.50M	8.40M	8.50M	8.80M	8.60M
Property, Plant & Equipment	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Goodwill	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	387.07M	378.91M	305.18M	355.18M	342.75M	353.43M	298.08M	302.56M	278.38M	305.47M	308.97M	290.55M	319.69M	670.41M	680.85M	375.05M	339.90M	515.45M	515.20M	504.45M	524.65M	512.50M	589.70M	596.60M	587.30M	585.60M	452.40M	437.90M	432.10M	437.50M
Tax Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	322.08M	117.62M	0.69M	-26.33M	-116.02M	-139.65M	-165.16M	-314.88M	-269.84M	-204.89M	-239.45M	-268.88M	-260.04M	-328.00M	-670.41M	-680.85M	-375.05M	-339.90M	-515.45M	-515.20M	-504.45M	-524.65M	-512.50M	-589.70M	-596.60M	-587.30M	-585.60M	-452.40M	-437.90M	-432.10M	-437.50M
Other Assets	107.27M	-0.17M	0.15M	0.19M	0.00M	0.26M	0.00M	0.92M	3.24M	6.59M	4.44M	1.71M	1.93M	2.03M	0.32M	0.46M	0.05M	0.15M	0.05M	0.10M	0.00M	0.10M	0.30M	5.10M	0.00M	0.00M	0.00M	0.30M	0.20M	0.20M	0.10M
Total Non-Current Assets	429.35M	504.53M	379.75M	279.04M	239.16M	203.35M	188.27M	-15.88M	35.96M	80.09M	70.46M	41.80M	32.44M	-6.28M	0.32M	0.46M	0.05M	0.15M	0.05M	0.10M	0.00M	0.10M	0.30M	5.10M	0.00M	0.00M	0.00M	0.30M	0.20M	0.20M	0.10M
Total Assets	433.77M	512.07M	394.89M	295.22M	253.79M	218.83M	199.97M	-4.16M	46.86M	92.85M	82.11M	54.18M	44.25M	10.52M	13.66M	12.24M	11.70M	8.60M	11.85M	12.45M	16.45M	11.70M	14.55M	16.40M	11.40M	23.70M	10.50M	8.70M	8.70M	9.00M	8.70M
Accounts Payable	0.95M	4.61M	5.10M	5.81M	2.85M	3.10M	4.05M	4.20M	1.74M	2.87M	1.78M	4.42M	4.62M	7.75M	1.35M	8.44M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt	0.03M	2.05M	6.69M	9.14M	16.03M	19.68M	23.38M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.53M	0.55M	21.00M	29.35M	53.75M	54.00M	55.00M	56.80M	53.55M	0.10M	0.00M	0.00M	0.20M	0.70M	0.00M	0.00M	0.00M
Tax Payables	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-0.03M	-2.20M	5.98M	4.73M	5.00M	0.58M	1.02M	24.17M	26.86M	20.97M	34.03M	34.61M	21.38M	41.20M	-3.20M	-2.69M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Current Liabilities	0.95M	4.46M	17.78M	19.68M	23.88M	23.36M	28.45M	28.37M	28.60M	23.83M	35.81M	39.03M	26.01M	48.95M	-1.33M	6.30M	21.00M	29.35M	53.75M	54.00M	55.00M	56.80M	53.55M	0.10M	0.00M	0.00M	0.20M	0.70M	0.00M	0.00M	0.00M
Long-Term Debt	94.15M	116.80M	50.79M	64.65M	67.64M	36.41M	46.63M	22.92M	38.89M	32.39M	23.07M	17.01M	13.61M	8.75M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	-13.44M	2.59M	0.03M	-4.60M	-3.46M	-0.01M	-9.70M	-17.08M	-24.65M	-16.36M	-11.60M	-7.56M	-12.19M	-8.75M	0.00M	0.00M	0.00M	0.00M	0.00M	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	80.71M	119.39M	50.82M	60.05M	64.18M	36.40M	36.93M	5.85M	14.24M	16.03M	11.47M	9.45M	1.42M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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 Liabilities	81.66M	123.84M	68.59M	79.73M	88.07M	59.75M	65.38M	34.21M	42.84M	39.87M	47.28M	48.49M	27.42M	48.95M	-1.33M	6.30M	21.00M	29.35M	53.75M	54.00M	55.00M	56.80M	53.55M	0.10M	0.00M	0.00M	0.20M	0.70M	0.00M	0.00M	0.00M
Preferred Stock	25.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.01M	2.20M	0.00M	0.00M	0.00M	0.00M	0.00M	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	73.43M	121.59M	89.12M	75.51M	75.21M	65.27M	67.80M	69.47M	69.45M	70.04M	80.21M	89.20M	86.30M	58.90M	0.23M	0.23M	0.05M	0.05M	0.05M	0.05M	0.05M	0.05M	0.05M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Retained Earnings	-64.60M	-49.25M	-55.26M	-44.25M	11.10M	13.45M	15.17M	-0.55M	4.22M	1.53M	-4.40M	1.48M	0.75M	12.85M	-61.60M	-52.27M	-86.30M	-100.65M	-104.70M	-120.15M	-124.60M	-123.05M	-119.70M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accumulated OCI	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-7.15M	-11.28M	-34.55M	-100.50M	-15.60M	3.60M	-9.75M	-2.80M	-8.55M	-32.30M	-27.50M	-34.60M	-36.90M	7.20M	5.90M	8.10M	10.80M
Minority Interest	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	33.83M	72.34M	33.86M	31.25M	86.30M	78.71M	82.97M	68.92M	73.67M	71.57M	75.81M	90.68M	89.06M	73.95M	-68.52M	-63.32M	-120.80M	-201.10M	-120.25M	-116.50M	-134.30M	-125.80M	-128.20M	-32.30M	-27.50M	-34.60M	-36.90M	7.20M	5.90M	8.10M	10.80M
Total Equity	33.83M	72.34M	33.86M	31.25M	86.30M	78.71M	82.97M	68.92M	73.67M	71.57M	75.81M	90.68M	89.06M	73.95M	-68.52M	-63.32M	-120.80M	-201.10M	-120.25M	-116.50M	-134.30M	-125.80M	-128.20M	-32.30M	-27.50M	-34.60M	-36.90M	7.20M	5.90M	8.10M	10.80M
Total Liabilities & Equity	115.49M	196.18M	102.46M	110.99M	174.37M	138.47M	148.35M	103.13M	116.51M	111.44M	123.09M	139.17M	116.48M	122.90M	-69.85M	-57.02M	-99.80M	-171.75M	-66.50M	-62.50M	-79.30M	-69.00M	-74.65M	-32.20M	-27.50M	-34.60M	-36.70M	7.90M	5.90M	8.10M	10.80M
Tangible Assets	433.77M	512.07M	394.89M	295.22M	253.79M	218.83M	199.97M	-4.16M	46.86M	92.85M	82.11M	54.18M	44.25M	10.52M	13.66M	12.24M	11.70M	8.60M	11.85M	12.45M	16.45M	11.70M	14.55M	16.40M	11.40M	23.70M	10.50M	8.70M	8.70M	9.00M	8.70M
Tangible Equity	33.83M	72.34M	33.86M	31.25M	86.30M	78.71M	82.97M	68.92M	73.67M	71.57M	75.81M	90.68M	89.06M	73.95M	-68.52M	-63.32M	-120.80M	-201.10M	-120.25M	-116.50M	-134.30M	-125.80M	-128.20M	-32.30M	-27.50M	-34.60M	-36.90M	7.20M	5.90M	8.10M	10.80M
Tangible Book Value	33.83M	72.34M	33.86M	31.25M	86.30M	78.71M	82.97M	68.92M	73.67M	71.57M	75.81M	90.68M	89.06M	73.95M	-68.52M	-63.32M	-120.80M	-201.10M	-120.25M	-116.50M	-134.30M	-125.80M	-128.20M	-32.30M	-27.50M	-34.60M	-36.90M	7.20M	5.90M	8.10M	10.80M
Total Investments	0.00M	394.58M	378.91M	305.18M	369.25M	356.81M	367.84M	313.54M	320.55M	267.06M	314.15M	317.47M	300.79M	319.69M	670.41M	680.85M	375.05M	339.90M	515.45M	515.20M	504.45M	524.65M	512.50M	589.70M	596.60M	587.30M	585.60M	452.40M	437.90M	432.10M	437.50M
Net Debt	92.57M	118.07M	56.43M	72.17M	82.17M	55.05M	68.38M	21.56M	37.27M	29.30M	21.32M	13.28M	9.77M	7.06M	-2.52M	-0.20M	17.20M	29.35M	53.45M	53.75M	50.10M	54.95M	48.65M	0.10M	0.00M	-0.10M	0.20M	0.70M	-0.10M	-0.10M	0.00M

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	3.47M	3.94M	-46.61M	-5.08M	-2.67M	-8.85M	-14.92M	-28.97M	-27.92M	-29.91M	-36.48M	-30.95M	-23.73M	-31.32M	11.47M	2.79M	-11.85M	-20.90M	-53.85M	-54.10M	-41.10M	-45.20M	-39.30M	11.20M	10.10M	10.40M	10.30M	7.70M	8.50M	8.80M	2.10M
Total Capital	431.63M	483.71M	389.17M	357.69M	418.47M	401.03M	408.42M	335.10M	349.95M	347.08M	347.57M	302.14M	274.76M	297.40M	664.62M	669.62M	382.00M	344.55M	469.70M	485.20M	475.15M	483.85M	475.35M	597.50M	606.00M	597.10M	595.20M	454.60M	446.20M	440.70M	439.20M
Capital Employed	432.82M	535.79M	399.18M	400.85M	446.07M	454.29M	457.71M	397.65M	401.96M	404.32M	402.02M	353.22M	334.31M	330.46M	682.20M	684.10M	363.25M	319.15M	461.65M	461.20M	463.35M	479.55M	473.50M	606.00M	606.70M	597.70M	595.90M	460.40M	446.60M	441.10M	439.70M
Invested Capital	430.01M	482.94M	388.12M	356.07M	416.96M	399.98M	406.79M	333.74M	348.34M	343.99M	345.82M	298.40M	270.92M	295.70M	661.57M	668.87M	378.20M	344.55M	469.40M	484.95M	470.25M	482.00M	470.45M	597.50M	606.00M	597.00M	595.20M	454.60M	446.10M	440.60M	439.20M

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	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-1.06M	0.21M	0.36M	0.15M	0.41M	-0.42M	-0.35M	-0.27M	1.06M	0.16M	0.29M	-0.41M	0.08M	-0.31M	9.95M	4.90M	66.83M	-74.75M	9.73M	37.68M	21.54M	33.89M	60.69M	21.36M	39.45M	36.66M	-15.12M	30.65M	28.30M	25.92M	71.41M
Accounts Receivable	0.34M	0.05M	0.30M	0.03M	0.33M	0.46M	0.18M	-0.10M	0.16M	0.05M	0.51M	0.01M	0.01M	-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	0.00M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Payable	0.15M	0.80M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-1.47M	-0.47M	0.31M	0.14M	0.02M	-0.31M	0.00M	0.00M	-0.03M	0.06M	-0.38M	-0.20M	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
Other Non-Cash Items	18.67M	-4.77M	31.07M	58.46M	-11.77M	10.22M	-9.20M	8.52M	3.26M	-5.13M	-1.03M	-15.43M	9.60M	-33.11M	-0.87M	-26.56M	-66.83M	74.75M	-9.73M	-37.68M	-21.54M	-33.89M	-60.69M	-21.35M	-39.45M	-36.66M	15.12M	-30.65M	-28.29M	-25.92M	-71.41M
Net Cash from Operating Activities	31.95M	18.17M	41.65M	28.67M	25.38M	19.80M	12.72M	12.11M	18.44M	20.03M	12.16M	6.60M	16.55M	7.70M	31.03M	10.25M	66.83M	-74.75M	9.73M	37.68M	21.54M	33.89M	60.69M	21.36M	39.45M	36.66M	-15.12M	30.65M	28.30M	25.92M	71.41M
Capital Expenditures (PPE)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-337.41M	-113.70M	-16.09M	-34.79M	-0.90M	-23.27M	-8.60M	-1.82M	-0.65M	-6.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	418.24M	112.78M	31.33M	36.43M	0.87M	24.56M	6.14M	6.50M	6.56M	0.77M	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
Other Investing Activities	0.00M	2.88M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Cash from Investing Activities	41.79M	4.80M	4.79M	0.53M	-0.09M	-0.83M	-0.99M	-1.76M	-0.45M	-2.22M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-97.73M	-2.24M	-2.44M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	6.43M	5.09M	0.00M	0.00M	0.00M	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 Debt Issuance	-100.77M	-2.22M	-2.32M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	6.43M	5.09M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt Issuance	2.62M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	19.72M	-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	0.01M	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
Common Stock Issuance	33.32M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.01M	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
Common Stock Repurchased	-13.65M	-0.03M	-0.01M	0.00M	-0.04M	-0.11M	-0.03M	0.00M	0.00M	0.00M	-0.02M	-0.38M	0.00M	0.00M	0.00M	0.00M	0.02M	0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	187.18M	6.41M	7.75M	4.20M	0.82M
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	-38.92M	-20.92M	-12.83M	-14.27M	-13.70M	-13.52M	-9.45M	-6.24M	-16.93M	-17.05M	-12.47M	-10.87M	-10.60M	-9.85M	-24.18M	-22.30M	0.00M	0.00M	0.00M	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 Dividends Paid	-28.87M	-20.92M	-12.83M	-14.27M	-13.70M	-13.52M	-9.45M	-6.24M	-16.96M	-17.06M	-12.47M	-10.87M	-10.60M	-9.85M	-24.18M	-22.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
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	65.10M	0.04M	-6.18M	-3.87M	-4.14M	-7.52M	1.07M	0.84M	-2.20M	-3.72M	2.49M	7.21M	-2.25M	4.84M	-7.12M	6.30M	-21.01M	-26.02M	-24.96M	-26.60M	-28.47M	-28.62M	-28.04M	-30.00M	-30.52M	-34.54M	156.18M	-22.91M	-22.82M	-24.43M	-28.54M
Net Cash from Financing Activities	-69.19M	-18.54M	-42.81M	-26.18M	-21.75M	-19.36M	-13.01M	-11.21M	-17.31M	-16.68M	-11.66M	-8.07M	-14.00M	-7.86M	-24.86M	-10.88M	-21.01M	-26.02M	-24.96M	-26.60M	-28.47M	-28.62M	-28.04M	-30.00M	-30.52M	-34.54M	156.18M	-22.91M	-22.82M	-24.43M	-28.54M
Effect of FX on Cash	1.75M	0.00M	0.00M	0.00M	-0.02M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.01M	0.02M	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
Net Change in Cash	2.16M	0.52M	-0.29M	0.19M	0.22M	-0.15M	1.37M	0.29M	-0.26M	0.29M	-0.55M	0.41M	2.00M	0.60M	6.19M	-0.49M	45.82M	-100.77M	-15.23M	11.08M	-6.93M	5.27M	32.66M	-8.64M	8.93M	2.12M	141.06M	7.74M	5.47M	1.49M	42.87M
Cash at Beginning of Period	0.20M	1.56M	4.76M	4.23M	4.47M	4.42M	2.37M	2.55M	2.67M	1.61M	2.29M	3.57M	0.94M	1.12M	0.81M	1.91M	0.00M	0.31M	0.25M	4.90M	1.85M	4.90M	-0.01M	0.00M	0.10M	0.00M	0.01M	0.10M	0.10M	0.00M	0.01M
Cash at End of Period	2.43M	1.84M	3.21M	4.81M	4.12M	4.46M	4.29M	2.39M	2.46M	2.77M	1.64M	3.27M	3.63M	1.51M	7.00M	1.42M	45.82M	-100.47M	-14.98M	15.97M	-5.08M	10.16M	32.65M	-8.64M	9.03M	2.12M	141.07M	7.84M	5.57M	1.49M	42.88M
Operating Cash Flow	28.86M	18.17M	41.65M	28.67M	25.38M	19.80M	12.72M	12.11M	18.44M	20.03M	12.16M	6.60M	16.55M	7.70M	31.03M	10.25M	66.83M	-74.75M	9.73M	37.68M	21.54M	33.89M	60.69M	21.36M	39.45M	36.66M	-15.12M	30.65M	28.30M	25.92M	71.41M
Capital Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Free Cash Flow	28.86M	18.17M	41.47M	26.86M	23.32M	19.55M	12.10M	11.62M	18.14M	18.40M	12.01M	6.56M	16.41M	7.59M	31.03M	10.25M	66.83M	-74.75M	9.73M	37.68M	21.54M	33.89M	60.69M	21.36M	39.45M	36.66M	-15.12M	30.65M	28.30M	25.92M	71.41M

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	31.56M	20.07M	-1.03M	-44.14M	8.96M	6.49M	6.47M	-8.12M	4.19M	5.62M	-2.51M	8.30M	-7.64M	20.73M	14.55M	8.27M	91.34M	-119.64M	-4.68M	45.60M	24.79M	32.38M	69.20M	8.87M	44.41M	40.03M	-59.09M	33.03M	28.29M	22.36M	112.67M
(-) Tax Adjustment	0.00M	0.00M	-0.01M	0.00M	0.00M	0.00M	0.00M	0.12M	0.37M	0.00M	-0.06M	0.04M	-4.95M	1.59M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-1.06M	0.21M	0.36M	0.15M	0.41M	-0.42M	-0.35M	-0.27M	1.06M	0.16M	0.29M	-0.41M	0.08M	-0.31M	9.95M	4.90M	66.83M	-74.75M	9.73M	37.68M	21.54M	33.89M	60.69M	21.36M	39.45M	36.66M	-15.12M	30.65M	28.30M	25.92M	71.41M
(-) Capital Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Unlevered Free Cash Flow	32.61M	19.85M	-1.38M	-44.30M	8.55M	6.91M	6.82M	-7.97M	2.76M	5.46M	-2.74M	8.67M	-2.77M	19.45M	4.60M	3.37M	24.51M	-44.89M	-14.41M	7.93M	3.26M	-1.51M	8.51M	-12.49M	4.96M	3.37M	-43.97M	2.38M	-0.01M	-3.56M	41.26M
(-) Net Interest Income After Taxes	-2.34M	15.80M	8.52M	5.60M	5.47M	8.76M	7.79M	6.16M	3.77M	1.96M	1.17M	1.16M	0.45M	0.97M	25.06M	27.09M	-24.51M	44.90M	14.41M	-7.93M	-3.26M	1.51M	-8.51M	12.48M	-4.96M	-3.37M	43.97M	-2.38M	0.00M	3.56M	-41.26M
Net Debt Issuance	-97.73M	-2.24M	-2.44M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	6.43M	5.09M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Levered Free Cash Flow	-62.78M	1.82M	-12.34M	-49.90M	3.08M	-1.85M	-0.97M	-14.13M	-1.01M	3.50M	-3.91M	7.52M	-3.23M	18.47M	-14.04M	-18.64M	49.02M	-89.79M	-28.81M	15.85M	6.51M	-3.01M	17.01M	-24.97M	9.92M	6.74M	-87.94M	4.76M	-0.01M	-7.12M	82.52M