REIT - Hotel & Motel

Category: Industry Averages Base Ticker: YATO.MC

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	5.49	6.76	8.02	7.34	9.22	7.97	11.64	12.17	16.73	23.20	15.02	20.38	17.08	14.42	13.78	18.06	14.29	9.63	21.21	25.75	22.43	23.26	24.50	19.95	18.70	16.37	22.35	22.78	21.91	19.09	22.17
Market Capitalization	739.83M	707.38M	762.62M	710.27M	781.82M	651.78M	946.68M	852.02M	1,105.52M	1,126.60M	1,224.05M	1,375.80M	1,030.28M	861.78M	699.34M	938.65M	575.20M	499.37M	910.05M	917.60M	467.80M	275.46M	347.51M	263.86M	297.20M	224.65M	318.49M	417.67M	486.14M	354.38M	167.82M
(-) Cash & Equivalents	78.22M	58.93M	62.95M	63.99M	52.44M	46.83M	44.01M	41.67M	40.60M	66.28M	31.57M	53.55M	35.49M	33.13M	26.46M	78.98M	73.58M	26.11M	14.49M	21.38M	20.32M	19.43M	27.54M	2.09M	3.41M	7.09M	6.48M	9.35M	22.79M	14.72M	1.07M
(+) Total Debt	307.96M	842.17M	747.02M	740.82M	699.41M	740.24M	722.31M	666.88M	633.84M	688.59M	627.32M	688.29M	566.89M	648.73M	577.26M	654.25M	662.53M	801.13M	834.48M	566.52M	513.48M	284.65M	199.61M	154.87M	153.14M	163.71M	137.74M	156.76M	136.86M	126.87M	4.20M
Enterprise Value	1,091.52M	1,539.00M	1,540.11M	1,512.98M	1,534.84M	1,314.50M	1,667.47M	1,650.81M	1,814.70M	1,857.44M	1,949.02M	1,998.98M	1,620.76M	1,484.26M	1,336.97M	1,474.33M	1,279.17M	1,393.38M	1,798.35M	1,553.48M	1,070.81M	571.12M	587.27M	516.65M	603.16M	478.77M	445.95M	566.37M	600.22M	466.53M	170.96M

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	596.914M	412.148M	385.118M	354.326M	207.469M	142.088M	376.052M	322.267M	363.584M	397.156M	424.482M	374.609M	351.495M	328.184M	295.148M	258.137M	252.910M	387.205M	374.141M	360.810M	251.044M	163.265M	193.387M	131.623M	118.763M	91.154M	94.004M	147.769M	237.870M	209.816M	13.721M
Cost of Revenue	397.502M	257.644M	251.970M	228.735M	125.994M	123.626M	224.278M	198.772M	193.975M	232.588M	226.558M	221.423M	204.112M	192.817M	166.266M	156.272M	134.783M	190.419M	181.397M	108.970M	85.001M	49.402M	52.014M	70.991M	20.994M	0.000M	0.000M	63.020M	127.800M	110.800M	0.000M
Gross Profit	199.412M	154.504M	133.148M	125.590M	81.475M	18.462M	151.774M	123.494M	169.609M	164.568M	197.924M	153.186M	147.383M	135.367M	128.882M	101.865M	118.127M	196.785M	192.744M	251.840M	166.043M	113.863M	141.373M	60.632M	97.769M	91.154M	94.004M	84.749M	110.070M	99.016M	13.721M
Gross Margin	33.41%	37.49%	34.57%	35.44%	39.27%	12.99%	40.36%	38.32%	46.65%	41.44%	46.63%	40.89%	41.93%	41.25%	43.67%	39.46%	46.71%	50.82%	51.52%	69.80%	66.14%	69.74%	73.10%	46.06%	82.32%	100.00%	100.00%	57.35%	46.27%	47.19%	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	19.546M	13.624M	15.456M	14.116M	12.695M	12.520M	13.364M	13.397M	14.200M	16.264M	17.787M	21.265M	18.830M	17.810M	17.118M	14.528M	13.907M	17.056M	16.085M	39.847M	11.889M	9.024M	28.578M	6.663M	6.147M	5.183M	5.610M	27.760M	42.155M	32.708M	0.805M
Operating Expenses	19.546M	13.624M	15.456M	14.116M	12.695M	12.520M	13.364M	13.397M	14.200M	16.264M	17.787M	21.265M	18.830M	17.810M	17.118M	14.528M	13.907M	17.056M	16.085M	39.847M	11.889M	9.024M	28.578M	6.663M	6.147M	5.183M	5.610M	27.760M	42.155M	32.708M	0.805M
Operating Income	179.866M	140.880M	117.692M	111.474M	68.780M	5.942M	138.409M	110.098M	155.409M	148.303M	180.137M	131.921M	128.553M	117.557M	111.764M	87.337M	104.220M	179.729M	176.659M	211.993M	154.154M	104.839M	112.795M	53.968M	91.622M	85.971M	88.394M	56.988M	67.915M	66.308M	12.916M
Operating Margin	30.13%	34.18%	30.56%	31.46%	33.15%	4.18%	36.81%	34.16%	42.74%	37.34%	42.44%	35.22%	36.57%	35.82%	37.87%	33.83%	41.21%	46.42%	47.22%	58.75%	61.41%	64.21%	58.33%	41.00%	77.15%	94.31%	94.03%	38.57%	28.55%	31.60%	94.13%
Interest Income	2.321M	1.889M	1.648M	0.595M	0.186M	0.091M	0.356M	0.478M	0.313M	0.451M	0.344M	0.889M	0.883M	0.262M	0.374M	1.074M	0.191M	1.331M	1.102M	0.652M	0.507M	0.223M	0.100M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M	0.000M
Interest Expense	33.547M	40.368M	36.492M	27.361M	23.279M	20.697M	25.378M	21.531M	20.993M	21.567M	26.264M	26.298M	26.482M	27.088M	33.771M	36.190M	37.013M	57.851M	34.682M	9.335M	4.442M	1.642M	2.009M	0.000M	0.000M	0.756M	0.000M	0.560M	0.000M	0.125M	0.500M
Net Interest Income	-31.226M	-38.479M	-34.844M	-26.766M	-23.094M	-20.606M	-25.022M	-21.053M	-20.679M	-21.116M	-25.920M	-25.410M	-25.599M	-26.826M	-33.397M	-35.116M	-36.822M	-56.521M	-33.580M	-8.684M	-3.935M	-1.418M	-1.909M	0.000M	0.000M	-0.756M	0.000M	-0.560M	0.000M	-0.125M	-0.500M
Other Income / Expense	-126.683M	-76.311M	-60.464M	-49.223M	-61.796M	-88.841M	-73.336M	-28.820M	-81.015M	-69.917M	-98.479M	-59.376M	-75.377M	-66.630M	-55.412M	-47.982M	-77.904M	-119.394M	-34.087M	-183.641M	-116.696M	-103.098M	-115.632M	-54.310M	-95.219M	-85.048M	-85.967M	-46.448M	-27.365M	-15.008M	-12.416M
Pre-Tax Income	21.957M	26.090M	22.384M	35.484M	-16.109M	-103.505M	40.051M	60.224M	53.714M	57.270M	55.738M	47.135M	27.577M	24.100M	22.956M	4.239M	-10.505M	3.815M	108.991M	19.668M	33.523M	0.323M	-4.746M	-0.342M	-3.597M	0.168M	2.428M	9.980M	40.550M	51.175M	0.000M
Pre-Tax Margin	3.68%	6.33%	5.81%	10.01%	-7.76%	-72.85%	10.65%	18.69%	14.77%	14.42%	13.13%	12.58%	7.85%	7.34%	7.78%	1.64%	-4.15%	0.99%	29.13%	5.45%	13.35%	0.20%	-2.45%	-0.26%	-3.03%	0.18%	2.58%	6.75%	17.05%	24.39%	0.00%
Income Tax Expense	0.845M	0.314M	0.303M	1.310M	0.668M	0.951M	1.097M	1.755M	0.732M	1.166M	1.793M	1.635M	1.472M	1.340M	1.405M	0.712M	4.235M	0.831M	8.061M	0.495M	-0.021M	1.057M	0.889M	1.992M	1.550M	2.218M	13.996M	10.775M	6.836M	20.523M	0.500M
Tax Rate	3.85%	1.20%	1.36%	3.69%	0.00%	0.00%	2.74%	2.91%	1.36%	2.04%	3.22%	3.47%	5.34%	5.56%	6.12%	16.80%	0.00%	21.78%	7.40%	2.52%	0.00%	35.00%	0.00%	0.00%	0.00%	35.00%	35.00%	35.00%	16.86%	35.00%	—
Net Income	21.112M	25.775M	22.080M	34.174M	-16.778M	-104.456M	38.953M	58.469M	52.982M	56.104M	53.945M	45.501M	26.105M	22.760M	21.551M	3.527M	-14.740M	2.984M	100.930M	19.173M	33.544M	-0.734M	-5.635M	-2.334M	-5.148M	-2.050M	-11.569M	-0.795M	33.714M	30.652M	-0.500M
Net Margin	3.54%	6.25%	5.73%	9.64%	-8.09%	-73.52%	10.36%	18.14%	14.57%	14.13%	12.71%	12.15%	7.43%	6.94%	7.30%	1.37%	-5.83%	0.77%	26.98%	5.31%	13.36%	-0.45%	-2.91%	-1.77%	-4.33%	-2.25%	-12.31%	-0.54%	14.17%	14.61%	-3.64%
EBIT	179.866M	140.880M	117.692M	111.474M	68.780M	5.942M	138.409M	110.098M	155.409M	148.303M	180.137M	131.921M	128.553M	117.557M	111.764M	87.337M	104.220M	179.729M	176.659M	211.993M	154.154M	104.839M	112.795M	53.968M	91.622M	85.971M	88.394M	56.988M	67.915M	66.308M	12.916M
Depreciation & Amortization	82.869M	57.627M	52.998M	58.762M	49.031M	52.543M	59.367M	150.459M	186.334M	217.318M	56.121M	45.242M	46.679M	48.890M	43.706M	40.790M	37.605M	44.459M	47.932M	44.503M	27.922M	19.591M	34.775M	28.270M	25.736M	25.391M	19.465M	20.702M	22.077M	17.589M	3.272M
EBITDA	262.735M	198.507M	170.691M	170.236M	117.811M	58.485M	197.776M	260.557M	341.744M	365.621M	236.258M	177.163M	175.232M	166.447M	155.470M	128.127M	141.825M	224.188M	224.590M	256.496M	182.075M	124.430M	147.570M	82.238M	117.357M	111.362M	107.859M	77.691M	89.992M	83.897M	16.188M
EBITDA Margin	44.02%	48.16%	44.32%	48.05%	56.78%	41.16%	52.59%	80.85%	93.99%	92.06%	55.66%	47.29%	49.85%	50.72%	52.68%	49.64%	56.08%	57.90%	60.03%	71.09%	72.53%	76.21%	76.31%	62.48%	98.82%	122.17%	114.74%	52.58%	37.83%	39.99%	117.98%
NOPAT	172.945M	139.184M	116.097M	107.358M	68.780M	5.942M	134.618M	106.890M	153.291M	145.284M	174.341M	127.346M	121.690M	111.020M	104.923M	72.661M	104.220M	140.577M	163.593M	206.661M	154.154M	68.146M	112.795M	53.968M	91.622M	55.881M	57.456M	37.042M	56.465M	43.100M	—
NOPAT Margin	28.97%	33.77%	30.15%	30.30%	33.15%	4.18%	35.80%	33.17%	42.16%	36.58%	41.07%	33.99%	34.62%	33.83%	35.55%	28.15%	41.21%	36.31%	43.72%	57.28%	61.41%	41.74%	58.33%	41.00%	77.15%	61.30%	61.12%	25.07%	23.74%	20.54%	—
Owner's Earnings	103.981M	83.403M	75.079M	92.936M	32.254M	-51.913M	98.320M	208.929M	239.317M	273.422M	110.065M	90.743M	72.784M	71.650M	65.257M	44.317M	22.866M	47.442M	148.862M	63.677M	61.465M	18.857M	29.139M	25.936M	20.588M	23.341M	7.896M	19.908M	55.790M	48.241M	2.772M
Owner's Earnings Margin	17.42%	20.24%	19.49%	26.23%	15.55%	-36.54%	26.15%	64.83%	65.82%	68.85%	25.93%	24.22%	20.71%	21.83%	22.11%	17.17%	9.04%	12.25%	39.79%	17.65%	24.48%	11.55%	15.07%	19.70%	17.34%	25.61%	8.40%	13.47%	23.45%	22.99%	20.20%
EPS	0.12	0.18	0.15	0.22	-0.11	-0.72	0.27	0.47	0.50	0.44	0.51	0.45	0.28	0.28	0.29	0.05	-0.29	0.05	2.01	0.44	1.02	-0.03	-0.39	-0.16	-0.38	-0.19	-1.12	-0.05	2.20	2.17	-0.08
EPS (Diluted)	0.12	0.18	0.15	0.22	-0.11	-0.72	0.27	0.47	0.50	0.44	0.51	0.45	0.28	0.28	0.29	0.05	-0.29	0.05	2.01	0.44	1.02	-0.03	-0.39	-0.16	-0.38	-0.19	-1.12	-0.05	2.20	2.17	-0.08
Shares (Diluted)	181,001,282	140,559,163	148,711,107	156,812,920	152,406,099	145,517,429	145,092,624	123,607,944	105,062,056	127,263,201	105,530,304	101,110,318	93,014,065	81,501,933	73,496,331	67,043,561	50,558,873	56,452,089	50,109,411	43,669,758	32,781,084	26,762,680	14,497,659	14,408,082	13,567,715	10,832,226	10,285,071	15,912,662	15,312,214	14,121,267	6,279,233

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	116.26M	58.93M	62.95M	63.99M	52.44M	47.13M	44.01M	41.67M	41.72M	67.98M	32.60M	53.55M	37.16M	33.13M	30.71M	78.98M	73.58M	26.11M	14.49M	22.74M	20.32M	19.43M	27.54M	2.09M	3.41M	7.09M	6.48M	9.35M	22.79M	14.72M	1.07M
Short-Term Investments	0.00M	0.93M	2.09M	1.08M	0.47M	0.15M	0.53M	0.72M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.04M	0.15M	0.72M	0.81M	0.92M	4.30M	0.00M	0.40M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	116.26M	59.86M	65.04M	65.07M	52.91M	47.28M	44.55M	42.38M	41.72M	67.98M	32.60M	53.55M	37.16M	33.13M	30.75M	79.13M	74.30M	26.92M	15.41M	27.04M	20.32M	19.84M	27.54M	2.09M	3.41M	7.09M	6.48M	9.35M	22.79M	14.72M	1.07M
Net Receivables	33.05M	16.52M	17.86M	17.79M	13.85M	6.30M	14.11M	13.42M	19.79M	16.37M	12.81M	12.37M	11.49M	11.19M	15.58M	11.83M	7.53M	11.51M	17.01M	21.84M	15.16M	6.80M	7.80M	0.93M	0.72M	1.47M	2.06M	19.84M	21.49M	28.04M	0.16M
Inventory	0.00M	0.07M	0.03M	0.90M	0.46M	0.51M	0.30M	1.36M	7.34M	2.25M	7.25M	3.10M	13.62M	1.65M	0.64M	0.71M	1.02M	1.03M	1.10M	0.81M	2.55M	5.72M	0.72M	0.00M	0.00M	0.00M	0.00M	5.40M	5.80M	0.00M	0.00M
Other Current Assets	29.17M	27.66M	29.15M	20.05M	20.44M	13.53M	28.75M	26.68M	28.86M	29.77M	22.61M	30.76M	23.72M	21.37M	32.03M	24.23M	17.32M	14.56M	20.63M	20.93M	27.54M	6.82M	9.69M	0.00M	0.00M	0.00M	0.00M	9.82M	9.32M	16.22M	0.00M
Total Current Assets	178.48M	104.12M	112.08M	103.80M	87.66M	67.62M	87.70M	83.84M	97.70M	116.37M	75.27M	99.78M	85.99M	67.34M	79.00M	115.90M	100.17M	54.03M	54.15M	70.62M	65.57M	39.17M	45.75M	3.02M	4.13M	8.57M	8.54M	44.42M	59.40M	58.98M	1.23M
Property, Plant & Equipment	74.66M	515.26M	358.97M	248.27M	279.47M	484.01M	508.92M	829.22M	1,028.26M	1,025.62M	1,121.58M	1,067.43M	853.87M	792.49M	986.63M	816.98M	721.10M	941.83M	946.05M	751.12M	636.43M	442.28M	545.54M	522.98M	410.78M	287.31M	262.02M	503.40M	453.56M	371.14M	173.23M
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	0.23M	0.84M	0.76M	1.05M	1.24M	1.21M	1.33M	14.12M	11.30M	12.09M	10.60M	8.18M	4.79M	3.55M	0.15M	0.00M	0.36M	0.00M	1.32M	0.00M	0.30M	0.00M	0.33M	0.29M	0.38M	0.49M	0.29M	23.59M	21.10M	9.85M	0.00M
Long-Term Investments	0.80M	2.22M	2.75M	4.41M	2.59M	1.97M	2.19M	3.95M	7.06M	6.23M	10.01M	18.06M	3.54M	3.51M	13.60M	7.28M	7.16M	5.60M	7.30M	12.94M	9.26M	0.00M	1.76M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Assets	0.00M	0.19M	0.00M	4.62M	3.89M	2.14M	1.26M	15.12M	16.82M	4.33M	0.60M	0.50M	0.48M	0.95M	0.67M	1.43M	1.67M	3.16M	1.93M	2.57M	2.22M	0.01M	1.44M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	1,414.18M	803.72M	761.06M	854.45M	640.13M	428.46M	531.95M	214.53M	457.63M	676.23M	495.28M	397.06M	387.30M	436.79M	367.98M	334.96M	139.67M	158.61M	259.03M	-90.05M	-159.35M	-91.13M	-53.09M	-368.80M	-247.93M	-70.61M	-82.57M	-11.15M	-231.71M	-126.30M	-173.23M
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	0.24M	0.30M	1.29M	4.15M	9.38M	13.15M	11.65M	13.22M	8.08M	5.83M	4.01M	15.82M
Total Non-Current Assets	1,489.88M	1,322.23M	1,123.54M	1,112.80M	927.32M	917.79M	1,045.65M	1,076.94M	1,521.07M	1,724.51M	1,638.07M	1,491.22M	1,249.98M	1,237.29M	1,369.03M	1,160.65M	869.97M	1,109.19M	1,215.63M	676.81M	489.15M	352.45M	500.14M	163.85M	176.37M	228.84M	192.97M	523.92M	248.78M	258.70M	15.82M
Total Assets	1,668.36M	1,426.34M	1,235.62M	1,216.61M	1,014.98M	985.40M	1,133.36M	1,160.78M	1,618.77M	1,840.88M	1,713.33M	1,591.00M	1,335.97M	1,304.63M	1,448.02M	1,276.54M	970.14M	1,163.22M	1,269.78M	747.43M	554.72M	391.62M	545.89M	166.87M	180.51M	237.41M	201.51M	568.34M	308.18M	317.68M	17.05M
Accounts Payable	88.96M	35.25M	32.99M	35.92M	26.74M	21.52M	26.94M	28.15M	22.35M	25.67M	26.79M	30.22M	21.17M	21.77M	24.76M	23.64M	13.02M	38.07M	41.73M	33.00M	33.87M	11.88M	3.27M	0.76M	2.01M	1.75M	1.54M	7.27M	32.61M	28.99M	0.20M
Short-Term Debt	5.71M	40.04M	34.41M	56.39M	38.49M	43.95M	28.38M	14.75M	9.45M	11.89M	24.55M	20.05M	5.21M	11.28M	29.13M	35.16M	28.77M	14.05M	6.27M	16.00M	1.25M	0.30M	7.71M	2.55M	0.00M	3.26M	6.63M	5.18M	0.00M	9.35M	0.00M
Tax Payables	0.00M	0.53M	0.36M	0.49M	0.32M	0.29M	0.09M	0.29M	0.12M	0.70M	0.01M	0.14M	0.13M	0.00M	0.00M	0.07M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.18M	0.00M	0.58M	3.20M	4.47M	3.18M	3.49M	3.51M	2.22M	2.69M	-4.85M	2.89M	2.59M	1.89M	0.96M	1.34M	1.19M	1.16M	3.42M	2.77M	0.24M	1.31M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	4.06M	2.76M	2.99M	1.20M	1.23M	0.06M	3.08M	-2.80M	4.40M	9.13M	4.01M	4.35M	7.06M	10.91M	6.47M	8.15M	8.68M	11.22M	17.58M	9.26M	6.63M	0.90M	1.95M	-10.78M	14.22M	14.16M	1.51M	67.61M	46.17M	27.60M	20.30M
Total Current Liabilities	98.91M	78.58M	71.34M	97.19M	71.24M	69.00M	61.98M	43.91M	38.54M	50.08M	50.51M	57.64M	36.17M	45.85M	61.32M	68.37M	51.66M	64.50M	69.00M	61.03M	41.99M	14.39M	12.93M	-7.48M	16.23M	19.16M	9.68M	80.05M	78.78M	65.94M	20.50M
Long-Term Debt	1,237.08M	726.03M	625.53M	597.00M	599.19M	606.84M	607.92M	576.22M	622.78M	591.80M	622.61M	641.12M	581.97M	594.77M	618.56M	646.66M	603.51M	819.15M	858.58M	584.72M	432.17M	253.38M	192.39M	40.12M	52.28M	162.08M	49.29M	155.50M	136.86M	117.51M	4.20M
Capital Lease Obligations	36.01M	23.24M	27.36M	26.63M	17.92M	19.34M	18.33M	0.23M	0.31M	0.75M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.23M	0.38M	0.56M	0.57M	0.16M	0.06M	0.93M	4.96M	4.11M	0.29M	1.61M	0.29M	5.22M	1.10M	0.32M	0.04M	0.97M	8.58M	0.49M	0.08M	0.00M	10.90M	0.00M	0.00M	0.00M	0.00M	10.54M	8.15M	29.48M	0.00M
Other Non-Current Liabilities	44.02M	9.67M	7.78M	7.82M	5.08M	6.71M	6.61M	10.83M	10.36M	24.90M	11.88M	14.16M	12.92M	6.95M	25.36M	24.35M	39.25M	23.08M	26.02M	23.02M	-10.31M	-6.92M	-12.01M	-1.43M	-20.94M	-19.40M	-12.68M	1.75M	-13.21M	-9.66M	0.00M
Total Non-Current Liabilities	1,317.12M	759.18M	661.06M	632.01M	622.77M	633.06M	632.91M	588.21M	638.40M	621.56M	634.78M	656.89M	595.18M	606.94M	645.01M	671.32M	642.80M	843.20M	893.18M	608.23M	421.94M	246.47M	191.31M	38.69M	31.33M	142.68M	36.61M	167.79M	131.80M	137.33M	4.20M
Total Liabilities	1,416.02M	837.75M	732.39M	729.20M	694.01M	702.06M	694.90M	632.12M	676.95M	671.64M	685.30M	714.53M	631.35M	652.80M	706.33M	739.69M	694.47M	907.71M	962.19M	669.26M	463.92M	260.85M	204.24M	31.22M	47.56M	161.85M	46.29M	247.84M	210.58M	203.27M	24.70M
Preferred Stock	0.07M	0.01M	0.02M	0.07M	0.01M	0.04M	0.06M	0.54M	0.24M	0.81M	0.04M	0.29M	0.04M	0.03M	0.03M	0.01M	0.01M	0.01M	0.02M	0.02M	0.02M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	28.77M	193.37M	195.12M	190.56M	159.00M	148.16M	125.04M	77.14M	123.81M	144.00M	82.21M	99.18M	55.19M	50.34M	42.69M	40.38M	65.98M	68.21M	31.75M	13.13M	4.41M	0.34M	0.36M	0.22M	0.22M	0.23M	0.27M	1.22M	0.92M	1.21M	0.06M
Retained Earnings	-549.32M	-210.85M	-192.07M	-183.34M	-95.01M	-149.45M	-31.77M	-33.68M	-46.12M	-62.50M	-80.53M	-83.43M	-118.47M	-122.78M	-94.63M	-41.49M	-36.94M	-3.01M	52.74M	-11.38M	-24.89M	-10.77M	-3.48M	-2.63M	37.01M	56.17M	-0.84M	46.04M	34.69M	25.60M	5.65M
Accumulated OCI	0.68M	1.35M	2.89M	3.85M	-0.15M	-1.22M	-0.49M	3.93M	2.00M	-4.37M	-6.98M	-6.82M	-10.05M	-1.25M	-11.35M	-8.47M	-10.90M	-15.06M	-16.93M	-14.76M	-8.85M	-4.63M	-16.17M	-13.91M	-11.43M	-10.93M	-10.06M	-45.17M	-73.87M	-90.03M	-2.91M
Minority Interest	16.57M	9.55M	7.91M	17.60M	12.22M	10.90M	12.76M	11.89M	16.31M	34.45M	4.13M	4.19M	5.02M	5.34M	4.91M	1.62M	0.42M	0.33M	4.43M	4.61M	4.47M	7.47M	10.74M	3.17M	3.48M	5.02M	6.54M	3.26M	2.50M	3.70M	0.00M
Total Shareholders’ Equity	-519.80M	-16.12M	5.97M	11.15M	63.85M	-2.48M	92.83M	47.94M	79.94M	77.94M	-5.26M	9.22M	-73.30M	-73.66M	-63.27M	-9.56M	18.16M	50.14M	67.59M	-12.99M	-29.31M	-15.06M	-19.28M	-16.33M	25.79M	45.46M	-10.63M	2.09M	-38.25M	-63.21M	2.80M
Total Equity	-503.23M	-6.57M	13.87M	28.75M	76.06M	8.43M	105.59M	59.83M	96.25M	112.39M	-1.13M	13.41M	-68.28M	-68.32M	-58.36M	-7.94M	18.57M	50.47M	72.01M	-8.39M	-24.85M	-7.59M	-8.54M	-13.16M	29.27M	50.48M	-4.09M	5.35M	-35.75M	-59.51M	2.80M
Total Liabilities & Equity	912.79M	831.19M	746.27M	757.95M	770.07M	710.48M	800.48M	691.95M	773.20M	784.04M	684.17M	727.94M	563.07M	584.48M	647.98M	731.75M	713.04M	958.18M	1,034.20M	660.88M	439.08M	253.26M	195.70M	18.06M	76.84M	212.33M	42.20M	253.19M	174.82M	143.75M	27.50M
Tangible Assets	1,668.13M	1,425.50M	1,234.86M	1,215.56M	1,013.74M	984.19M	1,132.03M	1,146.65M	1,607.47M	1,828.79M	1,702.73M	1,582.82M	1,331.18M	1,301.08M	1,447.87M	1,276.54M	969.78M	1,163.22M	1,268.45M	747.43M	554.43M	391.62M	545.56M	166.58M	180.13M	236.92M	201.22M	544.75M	287.08M	307.83M	17.05M
Tangible Equity	-503.46M	-7.41M	13.12M	27.70M	74.83M	7.21M	104.25M	45.71M	84.95M	100.30M	-11.73M	5.23M	-73.07M	-71.86M	-58.51M	-7.94M	18.22M	50.47M	70.69M	-8.39M	-25.14M	-7.59M	-8.87M	-13.45M	28.89M	49.99M	-4.38M	-18.24M	-56.85M	-69.36M	2.80M
Tangible Book Value	-503.46M	-7.41M	13.12M	27.70M	74.83M	7.21M	104.25M	45.71M	84.95M	100.30M	-11.73M	5.23M	-73.07M	-71.86M	-58.51M	-7.94M	18.22M	50.47M	70.69M	-8.39M	-25.14M	-7.59M	-8.87M	-13.45M	28.89M	49.99M	-4.38M	-18.24M	-56.85M	-69.36M	2.80M
Total Investments	1.22M	3.10M	4.42M	4.70M	2.93M	2.02M	2.25M	7.28M	8.10M	6.38M	10.07M	18.06M	3.54M	4.22M	25.53M	10.17M	10.06M	6.45M	11.61M	13.64M	9.33M	0.00M	1.76M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt	1,126.53M	707.14M	596.99M	589.39M	585.25M	603.66M	592.29M	549.30M	590.51M	535.71M	614.57M	607.62M	550.02M	572.92M	616.97M	602.84M	558.70M	807.09M	850.36M	577.98M	413.10M	234.24M	172.56M	40.57M	48.86M	158.25M	49.44M	151.32M	114.06M	112.14M	3.13M

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	21.15M	-33.34M	-1.78M	-23.83M	-0.78M	-19.89M	10.72M	6.56M	7.14M	44.25M	18.65M	21.43M	40.72M	30.27M	47.92M	56.87M	54.49M	20.17M	23.57M	64.26M	7.19M	-11.79M	-23.82M	-31.15M	-45.60M	-75.92M	-68.88M	-36.17M	-20.17M	-8.90M	-19.27M
Total Capital	1,948.93M	1,632.98M	1,502.25M	1,421.21M	1,387.72M	1,416.82M	1,510.33M	1,464.20M	1,461.73M	1,531.13M	1,490.14M	1,563.84M	1,392.72M	1,484.77M	1,524.53M	1,323.40M	1,186.38M	1,380.97M	1,518.72M	1,036.75M	881.09M	458.58M	502.32M	409.64M	365.58M	381.63M	471.08M	505.40M	524.01M	422.91M	159.63M
Capital Employed	2,447.50M	1,761.89M	1,581.82M	1,603.85M	1,424.33M	1,425.76M	1,603.84M	1,600.01M	1,530.41M	1,660.75M	1,673.72M	1,644.90M	1,418.69M	1,534.15M	1,600.92M	1,409.38M	1,218.01M	1,487.30M	1,722.45M	1,232.28M	1,028.87M	516.16M	840.41M	752.82M	661.42M	538.13M	544.64M	522.37M	543.19M	459.27M	159.92M
Invested Capital	1,832.67M	1,574.05M	1,439.30M	1,357.22M	1,335.28M	1,369.68M	1,466.31M	1,422.53M	1,420.01M	1,463.15M	1,457.54M	1,510.28M	1,355.56M	1,451.64M	1,493.82M	1,244.42M	1,112.81M	1,354.86M	1,504.23M	1,014.01M	860.78M	439.15M	474.78M	407.54M	362.17M	374.54M	464.60M	496.04M	501.21M	408.18M	158.56M

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	82.92M	57.55M	53.00M	52.21M	46.30M	51.55M	53.31M	55.96M	53.38M	53.00M	56.13M	45.12M	46.82M	48.37M	44.10M	32.33M	39.23M	39.06M	42.51M	33.91M	27.92M	21.42M	34.77M	32.02M	29.20M	35.94M	27.85M	20.70M	22.08M	17.59M	3.27M
Deferred Income Tax	0.00M	0.00M	0.00M	-0.01M	0.00M	-0.26M	-0.02M	0.26M	0.04M	0.13M	-1.39M	-0.13M	-0.05M	-1.46M	0.42M	0.11M	11.34M	-0.27M	-0.09M	-0.78M	-0.14M	-0.67M	-0.81M	0.00M	0.00M	0.00M	35.32M	4.04M	-20.15M	0.53M	0.00M
Stock-Based Compensation	2.69M	2.04M	2.58M	3.03M	2.86M	2.68M	2.43M	2.53M	2.38M	2.08M	2.23M	1.71M	1.57M	1.48M	1.15M	1.16M	0.98M	0.07M	0.19M	1.03M	0.51M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	5.15M	2.25M	5.68M	0.73M	-0.82M	-0.30M	0.80M	-0.72M	-0.12M	-0.14M	1.93M	1.72M	1.97M	0.83M	1.33M	-0.17M	-3.46M	-3.00M	-3.13M	-0.26M	-4.05M	0.64M	3.01M	-3.04M	2.00M	2.16M	-0.26M	1.58M	3.76M	-6.17M	-0.11M
Accounts Receivable	0.22M	0.22M	1.75M	-3.44M	-5.79M	4.17M	-0.03M	0.38M	-0.66M	-0.77M	-0.36M	-0.29M	0.15M	-0.89M	-0.72M	-0.01M	0.00M	0.13M	-0.63M	-0.66M	-1.49M	-0.48M	0.22M	-0.42M	-0.12M	-0.19M	-0.80M	0.28M	-0.43M	-0.43M	-0.55M
Inventory	0.00M	0.00M	0.00M	0.00M	-0.03M	0.00M	-0.01M	0.00M	0.01M	0.00M	-0.04M	0.02M	0.00M	-0.09M	0.00M	0.00M	0.00M	0.00M	0.00M	0.09M	-0.08M	0.00M	0.06M	0.17M	2.54M	4.10M	5.77M	52.44M	2.25M	0.08M	0.10M
Accounts Payable	0.67M	0.60M	0.35M	1.75M	1.85M	-2.14M	-0.04M	0.53M	-1.11M	1.05M	0.54M	1.07M	1.22M	0.30M	1.24M	0.02M	-0.13M	-0.14M	0.68M	0.91M	2.09M	2.03M	0.80M	-0.13M	-0.05M	0.45M	0.12M	0.88M	1.03M	0.75M	0.05M
Other Working Capital	2.92M	1.20M	0.86M	0.71M	1.17M	0.26M	-0.26M	0.17M	0.40M	-0.23M	0.96M	1.49M	1.72M	-0.08M	-1.83M	-0.37M	-1.65M	-1.37M	-1.82M	-1.49M	-0.86M	-0.88M	-1.93M	-2.87M	-3.57M	-1.54M	-3.83M	-3.86M	0.91M	-6.58M	0.89M
Other Non-Cash Items	7.48M	5.73M	4.48M	-2.14M	6.92M	17.93M	-1.12M	-3.55M	-9.04M	-9.67M	-2.65M	2.09M	-1.53M	-6.69M	-5.38M	-0.69M	5.04M	20.39M	-55.71M	-4.31M	-24.90M	1.41M	-8.06M	-5.77M	0.99M	24.17M	0.59M	-0.21M	-30.88M	0.10M	-1.87M
Net Cash from Operating Activities	113.39M	86.76M	87.50M	79.04M	21.25M	-8.65M	89.51M	98.72M	97.85M	106.72M	109.79M	103.18M	80.20M	76.17M	61.71M	57.43M	37.33M	75.06M	69.99M	56.65M	34.30M	17.17M	30.01M	30.42M	19.82M	46.26M	38.17M	44.60M	27.86M	32.71M	7.62M
Capital Expenditures (PPE)	-19.38M	-19.17M	-18.71M	-24.69M	-9.47M	-16.87M	-17.20M	-24.92M	-51.72M	-41.79M	-25.97M	-24.83M	-23.92M	-16.96M	-59.99M	-77.25M	-15.88M	-68.25M	-187.05M	-211.32M	-140.95M	-56.79M	-83.43M	-43.82M	-54.84M	-58.07M	-47.50M	-38.73M	-154.01M	-152.36M	-164.17M
Acquisitions (Net)	0.00M	0.00M	-0.01M	-0.03M	-0.21M	-0.13M	-0.36M	-0.67M	-5.84M	-2.19M	-50.92M	-18.47M	-8.53M	-6.58M	-16.09M	0.00M	-1.56M	-0.38M	-71.47M	0.26M	0.00M	0.41M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-0.33M	-2.00M	-2.04M	-7.28M	-6.00M	-2.63M	-3.46M	-28.15M	-26.94M	-4.24M	-31.34M	0.00M	-0.10M	0.00M	0.00M	0.00M	0.00M	-8.50M	-4.66M	-3.37M	-5.00M	-4.91M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	1.65M	1.05M	6.04M	2.53M	2.38M	5.04M	3.02M	3.61M	3.80M	3.20M	0.04M	0.00M	0.04M	0.05M	0.19M	1.15M	0.00M	6.63M	0.00M	0.04M	3.31M	0.00M	0.00M	0.00M	0.00M	0.00M	4.02M	0.00M	0.00M	0.00M
Other Investing Activities	-8.73M	-18.51M	-10.44M	6.33M	-6.30M	0.73M	-27.97M	-3.44M	-31.71M	12.89M	-19.22M	-10.23M	-29.98M	-43.00M	-1.21M	-3.27M	2.66M	16.50M	19.21M	-10.78M	-9.70M	-0.39M	17.77M	7.32M	4.29M	1.87M	26.44M	43.13M	52.25M	29.21M	12.05M
Net Cash from Investing Activities	-40.54M	-65.30M	-46.43M	-41.01M	-25.41M	-11.56M	-66.23M	-83.61M	-111.84M	-41.63M	-87.86M	-105.05M	-122.87M	-118.00M	-90.53M	-128.05M	-25.50M	-59.82M	-560.46M	-291.48M	-255.93M	-43.46M	-56.31M	4.15M	-55.53M	-53.38M	-10.51M	8.98M	-101.75M	-123.15M	-152.13M
Net Debt Issuance	-5.91M	13.30M	-0.67M	-18.65M	-6.16M	22.95M	38.14M	51.65M	31.18M	-17.06M	39.85M	53.36M	29.65M	24.17M	-29.80M	-12.34M	-4.83M	29.90M	345.39M	115.81M	92.86M	11.79M	25.01M	0.78M	1.20M	10.16M	41.55M	57.03M	5.25M	37.08M	50.00M
Long-Term Debt Issuance	-6.58M	17.96M	0.55M	-19.41M	-11.21M	23.97M	36.15M	55.56M	28.80M	-15.76M	27.63M	41.25M	29.91M	22.66M	-26.87M	3.81M	0.86M	31.91M	320.74M	107.60M	101.82M	14.60M	25.01M	0.81M	1.20M	10.21M	41.59M	57.03M	5.25M	37.08M	50.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	-2.55M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.07M	0.00M	0.00M	0.00M	-0.22M	-0.31M	0.00M	0.27M	-0.02M	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	-8.52M	-4.14M	17.14M	-0.11M	11.72M	-0.26M	-0.16M	2.83M	-0.27M	0.48M	0.20M	-0.08M	20.22M	31.38M	51.82M	70.95M	75.35M	-5.57M	134.06M	116.60M	108.34M	45.26M	-0.02M	0.26M	0.73M	0.43M	71.42M	39.46M	97.22M	88.44M	99.04M
Common Stock Issuance	0.00M	0.00M	1.35M	0.00M	5.79M	0.00M	1.84M	12.99M	43.31M	31.92M	5.53M	36.31M	51.55M	44.95M	49.54M	116.41M	75.37M	0.00M	131.61M	121.82M	135.97M	72.00M	19.87M	0.26M	0.73M	0.43M	60.15M	41.64M	97.64M	92.08M	102.54M
Common Stock Repurchased	-5.24M	-2.94M	-1.26M	-0.59M	-0.42M	-0.37M	-2.70M	-1.25M	-1.33M	-5.81M	-9.05M	-0.69M	-0.50M	-2.69M	-0.04M	-0.03M	-0.65M	-6.41M	-0.77M	-0.01M	-0.13M	-1.42M	-0.37M	0.00M	0.00M	0.00M	1.24M	0.00M	-0.43M	-1.48M	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	14.44M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-35.81M	-38.25M	-26.56M	-11.35M	-7.28M	-26.46M	-53.40M	-52.96M	-55.66M	-53.38M	-46.33M	-48.85M	-47.42M	-40.95M	-25.13M	-13.02M	-17.52M	-43.33M	-35.61M	-22.41M	-13.37M	-3.69M	-19.10M	-0.51M	-0.99M	-4.75M	-16.39M	-9.47M	-25.56M	-22.92M	-2.88M
Common Dividends Paid	-25.81M	-33.29M	-23.56M	-8.70M	-5.01M	-24.20M	-53.21M	-47.05M	-52.32M	-48.83M	-43.44M	-47.70M	-46.46M	-40.17M	-29.60M	-20.23M	-19.65M	-42.88M	-37.53M	-21.74M	-13.08M	-3.69M	-19.10M	-0.51M	-0.99M	-4.75M	-16.39M	-9.47M	-25.56M	-22.92M	-2.88M
Preferred Dividends Paid	-0.46M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-0.21M	-7.56M	-6.37M	-3.99M	-4.74M	-5.99M	-3.22M	-2.53M	33.15M	27.12M	-2.40M	32.59M	50.39M	7.77M	2.71M	8.38M	-1.52M	-1.42M	-4.68M	34.72M	0.41M	-5.16M	22.36M	-2.60M	-3.58M	85.07M	2.03M	4.57M	5.08M	-1.05M	-0.79M
Net Cash from Financing Activities	-71.43M	-44.92M	-38.57M	-36.25M	2.08M	6.02M	6.20M	17.88M	32.70M	-38.79M	-10.66M	44.85M	77.65M	49.12M	13.57M	89.41M	15.82M	-11.62M	454.89M	262.58M	207.29M	81.60M	57.75M	-28.72M	-3.68M	55.26M	44.94M	75.93M	81.99M	101.55M	145.37M
Effect of FX on Cash	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	144.51M
Net Change in Cash	1.11M	-7.11M	5.61M	4.70M	5.67M	-5.35M	-0.39M	9.47M	1.41M	21.98M	-4.69M	14.28M	7.33M	3.58M	-17.25M	-2.52M	51.35M	20.08M	1.96M	5.27M	1.09M	-5.05M	12.57M	6.57M	-0.02M	3.12M	9.03M	2.31M	8.09M	11.11M	145.37M
Cash at Beginning of Period	76.89M	90.55M	70.27M	74.62M	56.80M	73.01M	63.58M	62.89M	68.01M	40.66M	55.13M	37.12M	28.46M	28.26M	75.07M	74.99M	26.47M	14.99M	19.60M	19.41M	20.14M	15.03M	7.11M	3.43M	7.09M	18.78M	11.92M	18.44M	14.72M	3.61M	-144.46M
Cash at End of Period	94.42M	87.51M	81.51M	82.17M	68.32M	60.02M	71.55M	67.89M	64.29M	74.56M	42.88M	56.44M	39.83M	34.28M	30.34M	82.80M	78.91M	25.64M	17.40M	20.59M	20.62M	18.86M	28.79M	9.00M	13.51M	12.22M	18.79M	9.35M	22.82M	14.72M	0.92M
Operating Cash Flow	113.61M	86.76M	87.48M	79.04M	21.25M	-8.65M	89.85M	98.72M	97.85M	106.72M	109.79M	103.18M	80.20M	76.17M	61.71M	57.43M	37.33M	75.06M	69.99M	56.65M	34.30M	17.17M	30.01M	30.42M	19.82M	46.26M	38.17M	44.60M	27.86M	32.71M	7.62M
Capital Expenditure	-18.24M	-38.39M	-21.20M	-24.69M	-9.47M	-20.36M	-17.20M	-24.92M	-51.72M	-41.79M	-25.97M	-24.83M	-23.92M	-16.96M	-59.99M	-77.25M	-15.88M	-68.25M	-187.05M	-211.32M	-140.95M	-56.79M	-83.43M	-43.82M	-54.84M	-58.07M	-47.50M	-38.73M	-154.01M	-152.36M	-164.17M
Free Cash Flow	65.75M	46.82M	59.93M	43.86M	9.44M	-24.53M	57.10M	60.83M	37.84M	60.48M	84.40M	71.56M	58.32M	39.26M	-8.18M	-28.82M	23.86M	12.78M	-137.05M	-145.60M	-66.55M	-32.48M	-54.07M	7.34M	6.78M	9.35M	-43.20M	-8.98M	-126.15M	-119.65M	-156.55M

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	158.05M	130.03M	105.66M	118.27M	40.66M	-12.90M	104.85M	123.34M	135.83M	129.84M	143.71M	110.82M	96.34M	98.40M	90.27M	59.39M	43.47M	79.27M	173.39M	111.20M	67.50M	28.27M	42.26M	64.29M	27.00M	14.57M	22.38M	53.90M	66.44M	63.58M	10.10M
(-) Tax Adjustment	6.08M	1.57M	1.43M	4.37M	-1.69M	0.12M	2.87M	3.59M	1.85M	2.64M	4.62M	3.84M	5.14M	5.47M	5.53M	9.98M	-17.52M	17.27M	12.82M	2.80M	-0.04M	56.55M	-7.92M	-128.59M	-11.63M	29.14M	44.76M	58.19M	11.20M	25.50M	0.00M
(-) Change In Working Capital	5.15M	2.25M	5.68M	0.73M	-0.82M	-0.30M	0.80M	-0.72M	-0.12M	-0.14M	1.93M	1.72M	1.97M	0.83M	1.33M	-0.17M	-3.46M	-3.00M	-3.13M	-0.26M	-4.05M	0.64M	3.01M	-3.04M	2.00M	2.16M	-0.26M	1.58M	3.76M	-6.17M	-0.11M
(-) Capital Expenditure	18.24M	38.39M	21.20M	24.69M	9.47M	20.36M	17.20M	24.92M	51.72M	41.79M	25.97M	24.83M	23.92M	16.96M	59.99M	77.25M	15.88M	68.25M	187.05M	211.32M	140.95M	56.79M	83.43M	43.82M	54.84M	58.07M	47.50M	38.73M	154.01M	152.36M	164.17M
Unlevered Free Cash Flow	128.58M	87.83M	77.35M	88.49M	33.70M	-33.08M	83.98M	95.54M	82.38M	85.55M	111.19M	80.43M	65.30M	75.13M	23.44M	-27.66M	48.58M	-3.25M	-23.36M	-102.66M	-69.36M	-85.70M	-36.26M	152.11M	-18.22M	-74.79M	-69.62M	-44.61M	-102.52M	-108.10M	-153.97M
(-) Net Interest Income After Taxes	-30.02M	-38.02M	-34.37M	-25.78M	-24.05M	-20.80M	-24.34M	-20.44M	-20.40M	-20.69M	-25.09M	-24.53M	-24.23M	-25.33M	-31.35M	-29.22M	-51.66M	-44.21M	-31.10M	-8.47M	-3.94M	1.42M	-2.27M	0.00M	0.00M	0.76M	0.00M	0.04M	0.00M	-0.07M	-0.50M
Net Debt Issuance	-5.91M	13.30M	-0.67M	-18.65M	-6.16M	22.95M	38.14M	51.65M	31.18M	-17.06M	39.85M	53.36M	29.65M	24.17M	-29.80M	-12.34M	-4.83M	29.90M	345.39M	115.81M	92.86M	11.79M	25.01M	0.78M	1.20M	10.16M	41.55M	57.03M	5.25M	37.08M	50.00M
Levered Free Cash Flow	152.70M	139.14M	111.06M	95.61M	51.59M	10.67M	146.45M	167.63M	133.96M	89.18M	176.13M	158.32M	119.18M	124.63M	24.99M	-10.79M	95.41M	70.85M	353.13M	21.62M	27.44M	-75.33M	-8.98M	152.89M	-17.02M	-65.39M	-28.08M	12.37M	-97.27M	-70.95M	-103.47M