Packaging & Containers

Category: Industry Averages Base Ticker: 0I4X.L

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	9.45	11.35	11.02	12.18	14.97	13.96	12.69	11.07	12.98	12.13	10.33	9.06	7.70	6.04	5.16	5.42	5.37	4.58	6.34	5.98	7.51	9.71	11.96	10.84	10.71	9.71	12.03	14.61	18.66	15.58	12.11
Market Capitalization	1,433.99M	1,405.36M	1,694.28M	1,643.15M	2,152.02M	1,868.03M	1,865.10M	1,373.85M	1,522.97M	1,457.29M	1,275.26M	991.86M	809.27M	591.01M	455.41M	495.05M	515.67M	369.39M	508.81M	432.03M	519.15M	670.76M	852.24M	777.70M	934.55M	1,292.23M	1,729.07M	1,752.08M	3,951.06M	2,337.07M	1,766.34M
(-) Cash & Equivalents	145.96M	209.65M	202.10M	193.38M	184.78M	196.21M	121.90M	120.43M	106.93M	104.11M	87.17M	74.14M	64.84M	69.65M	60.59M	55.39M	43.70M	35.97M	24.55M	20.08M	29.31M	41.49M	45.09M	53.97M	39.14M	43.41M	45.85M	26.81M	52.60M	61.09M	39.61M
(+) Total Debt	769.23M	956.12M	832.20M	769.69M	764.67M	824.97M	753.42M	721.99M	692.18M	537.67M	395.69M	403.76M	324.26M	212.05M	211.32M	179.62M	156.58M	193.42M	182.11M	147.60M	241.83M	321.60M	545.75M	398.87M	477.20M	549.12M	698.00M	515.53M	666.48M	625.99M	643.22M
Enterprise Value	2,176.19M	2,255.61M	2,358.77M	2,481.59M	2,989.44M	2,715.83M	2,685.80M	2,223.47M	2,275.67M	2,132.32M	1,817.03M	1,385.88M	1,232.60M	731.79M	588.37M	713.55M	622.78M	581.16M	752.03M	700.75M	732.11M	1,218.64M	1,545.93M	1,455.38M	1,916.81M	2,367.49M	3,479.93M	3,170.56M	4,690.04M	3,680.96M	2,485.56M

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	1,976.716M	1,972.257M	2,029.852M	2,123.133M	1,899.287M	1,768.744M	1,774.780M	1,724.537M	1,585.738M	1,499.149M	1,404.869M	1,411.673M	1,219.208M	975.508M	851.873M	792.042M	749.431M	806.848M	701.831M	517.610M	774.935M	983.724M	1,178.277M	1,149.564M	1,468.700M	1,700.530M	1,387.429M	1,145.603M	1,191.201M	1,188.089M	1,257.572M
Cost of Revenue	1,436.235M	1,438.127M	1,561.498M	1,723.062M	1,531.130M	1,360.224M	1,384.372M	1,350.233M	1,220.888M	1,114.335M	1,104.883M	1,117.734M	911.663M	762.999M	649.882M	602.654M	587.561M	595.293M	528.891M	382.868M	626.062M	801.564M	940.850M	908.647M	1,151.608M	1,100.147M	1,084.878M	767.041M	791.145M	774.877M	923.333M
Gross Profit	540.482M	534.130M	468.355M	400.070M	368.158M	408.520M	390.408M	374.304M	364.849M	384.815M	299.986M	293.940M	307.544M	212.509M	201.991M	189.388M	161.870M	211.555M	172.940M	134.742M	148.872M	182.160M	237.427M	240.918M	317.092M	600.382M	302.551M	378.562M	400.056M	413.212M	334.239M
Gross Margin	27.34%	27.08%	23.07%	18.84%	19.38%	23.10%	22.00%	21.70%	23.01%	25.67%	21.35%	20.82%	25.22%	21.78%	23.71%	23.91%	21.60%	26.22%	24.64%	26.03%	19.21%	18.52%	20.15%	20.96%	21.59%	35.31%	21.81%	33.04%	33.58%	34.78%	26.58%
R&D Expenses	5.591M	5.751M	6.923M	7.523M	7.378M	6.908M	6.577M	5.602M	5.008M	4.456M	3.831M	3.326M	2.956M	1.135M	0.129M	0.120M	0.000M	0.000M	0.000M	0.000M	0.006M	0.000M	0.221M	0.000M	0.000M	0.000M	0.000M	0.000M	0.225M	0.366M	0.435M
SG&A Expenses	186.366M	179.016M	185.525M	214.879M	196.051M	177.987M	189.687M	182.668M	173.755M	164.314M	142.892M	143.666M	110.711M	75.838M	55.535M	54.142M	64.652M	73.569M	49.431M	33.990M	63.091M	91.379M	122.154M	115.386M	121.392M	119.513M	130.024M	120.805M	130.142M	107.545M	80.141M
Operating Expenses	191.958M	184.766M	192.448M	222.402M	203.429M	184.895M	196.264M	188.270M	178.763M	168.770M	146.723M	146.992M	113.667M	76.973M	55.664M	54.262M	64.652M	73.569M	49.431M	33.990M	63.097M	91.379M	122.374M	115.386M	121.392M	119.513M	130.024M	120.805M	130.367M	107.911M	80.575M
Operating Income	348.524M	349.364M	275.907M	177.669M	164.729M	223.625M	194.144M	186.034M	186.087M	216.045M	153.263M	146.947M	193.877M	135.536M	146.327M	135.125M	97.218M	137.987M	123.509M	100.752M	85.775M	90.781M	115.053M	125.531M	195.700M	480.869M	172.527M	257.757M	269.689M	305.301M	253.664M
Operating Margin	17.63%	17.71%	13.59%	8.37%	8.67%	12.64%	10.94%	10.79%	11.74%	14.41%	10.91%	10.41%	15.90%	13.89%	17.18%	17.06%	12.97%	17.10%	17.60%	19.46%	11.07%	9.23%	9.76%	10.92%	13.32%	28.28%	12.44%	22.50%	22.64%	25.70%	20.17%
Interest Income	2.840M	4.383M	3.531M	2.090M	1.455M	1.559M	2.047M	1.891M	1.539M	1.344M	1.095M	0.971M	1.010M	1.099M	0.888M	0.658M	0.672M	0.977M	0.514M	0.283M	0.451M	0.291M	0.151M	0.083M	0.032M	0.093M	0.000M	0.000M	0.000M	0.000M	0.000M
Interest Expense	33.731M	39.254M	34.763M	25.927M	22.283M	30.018M	34.388M	28.384M	26.987M	21.310M	16.003M	16.124M	13.066M	10.515M	9.689M	10.564M	9.922M	9.651M	4.834M	2.653M	4.769M	9.719M	10.258M	14.713M	5.636M	4.580M	3.743M	2.565M	3.038M	4.145M	4.426M
Net Interest Income	-30.891M	-34.871M	-31.231M	-23.836M	-20.828M	-28.459M	-32.340M	-26.493M	-25.449M	-19.965M	-14.908M	-15.154M	-12.057M	-9.416M	-8.802M	-9.906M	-9.250M	-8.674M	-4.320M	-2.370M	-4.319M	-9.427M	-10.107M	-14.629M	-5.604M	-4.487M	-3.743M	-2.565M	-3.038M	-4.145M	-4.426M
Other Income / Expense	-229.545M	-233.191M	-127.809M	8.603M	-23.270M	-91.194M	-45.416M	-70.344M	-64.772M	-105.712M	-64.394M	-70.943M	-128.911M	-77.799M	-97.391M	-82.571M	-60.681M	-113.860M	-89.076M	-82.610M	-64.466M	-39.271M	-68.469M	-67.487M	-144.594M	-394.213M	-60.059M	-190.695M	-208.497M	-177.186M	-146.481M
Pre-Tax Income	88.088M	81.302M	116.867M	162.435M	120.631M	103.972M	116.387M	89.197M	95.866M	90.367M	73.960M	60.851M	52.910M	48.320M	40.135M	42.648M	27.287M	15.453M	30.114M	15.772M	16.990M	42.083M	36.477M	43.415M	45.502M	82.170M	108.725M	64.496M	58.154M	123.970M	102.757M
Pre-Tax Margin	4.46%	4.12%	5.76%	7.65%	6.35%	5.88%	6.56%	5.17%	6.05%	6.03%	5.26%	4.31%	4.34%	4.95%	4.71%	5.38%	3.64%	1.92%	4.29%	3.05%	2.19%	4.28%	3.10%	3.78%	3.10%	4.83%	7.84%	5.63%	4.88%	10.43%	8.17%
Income Tax Expense	22.934M	21.906M	22.667M	30.628M	26.706M	27.026M	27.864M	20.233M	22.254M	24.804M	21.422M	13.492M	11.167M	11.030M	12.039M	9.731M	8.520M	6.117M	6.802M	5.176M	4.872M	8.992M	10.574M	12.237M	22.529M	21.497M	31.500M	28.105M	25.427M	42.155M	36.854M
Tax Rate	26.04%	26.94%	19.40%	18.86%	22.14%	25.99%	23.94%	22.68%	23.21%	27.45%	28.96%	22.17%	21.11%	22.83%	30.00%	22.82%	31.22%	35.00%	22.59%	32.82%	28.68%	21.37%	28.99%	28.19%	35.00%	26.16%	28.97%	35.00%	35.00%	34.00%	35.00%
Net Income	65.154M	59.396M	94.199M	131.807M	93.925M	76.946M	88.524M	68.964M	73.612M	65.563M	52.539M	47.359M	41.743M	37.290M	28.095M	32.917M	18.768M	9.335M	23.312M	10.596M	12.118M	33.091M	25.903M	31.178M	22.973M	60.673M	77.225M	36.391M	32.728M	81.815M	65.903M
Net Margin	3.30%	3.01%	4.64%	6.21%	4.95%	4.35%	4.99%	4.00%	4.64%	4.37%	3.74%	3.35%	3.42%	3.82%	3.30%	4.16%	2.50%	1.16%	3.32%	2.05%	1.56%	3.36%	2.20%	2.71%	1.56%	3.57%	5.57%	3.18%	2.75%	6.89%	5.24%
EBIT	348.524M	349.364M	275.907M	177.669M	164.729M	223.625M	194.144M	186.034M	186.087M	216.045M	153.263M	146.947M	193.877M	135.536M	146.327M	135.125M	97.218M	137.987M	123.509M	100.752M	85.775M	90.781M	115.053M	125.531M	195.700M	480.869M	172.527M	257.757M	269.689M	305.301M	253.664M
Depreciation & Amortization	97.904M	102.132M	112.550M	111.438M	99.778M	105.384M	99.097M	94.574M	76.796M	71.880M	56.176M	53.515M	43.279M	40.750M	34.460M	32.606M	32.764M	30.608M	26.918M	23.571M	36.353M	55.198M	66.947M	60.931M	66.062M	82.619M	82.169M	72.503M	79.796M	56.825M	56.029M
EBITDA	446.428M	451.496M	388.456M	289.106M	264.507M	329.008M	293.241M	280.608M	262.883M	287.925M	209.438M	200.462M	237.156M	176.286M	180.787M	167.731M	129.982M	168.595M	150.427M	124.323M	122.128M	145.979M	182.000M	186.462M	261.762M	563.488M	254.695M	330.260M	349.485M	362.126M	309.693M
EBITDA Margin	22.58%	22.89%	19.14%	13.62%	13.93%	18.60%	16.52%	16.27%	16.58%	19.21%	14.91%	14.20%	19.45%	18.07%	21.22%	21.18%	17.34%	20.90%	21.43%	24.02%	15.76%	14.84%	15.45%	16.22%	17.82%	33.14%	18.36%	28.83%	29.34%	30.48%	24.63%
NOPAT	257.783M	255.232M	222.392M	144.168M	128.261M	165.496M	147.665M	143.835M	142.888M	156.745M	108.872M	114.365M	152.960M	104.597M	102.432M	104.294M	66.865M	89.691M	95.612M	67.689M	61.176M	71.384M	81.700M	90.148M	127.205M	355.068M	122.542M	167.542M	175.298M	201.485M	164.881M
NOPAT Margin	13.04%	12.94%	10.96%	6.79%	6.75%	9.36%	8.32%	8.34%	9.01%	10.46%	7.75%	8.10%	12.55%	10.72%	12.02%	13.17%	8.92%	11.12%	13.62%	13.08%	7.89%	7.26%	6.93%	7.84%	8.66%	20.88%	8.83%	14.62%	14.72%	16.96%	13.11%
Owner's Earnings	163.058M	161.528M	206.749M	243.245M	193.703M	182.329M	187.621M	163.538M	150.408M	137.443M	108.714M	100.874M	85.022M	78.040M	62.556M	65.523M	51.532M	39.943M	50.230M	34.167M	48.470M	88.289M	92.850M	92.109M	89.035M	143.292M	159.394M	108.894M	112.524M	138.640M	121.932M
Owner's Earnings Margin	8.25%	8.19%	10.19%	11.46%	10.20%	10.31%	10.57%	9.48%	9.49%	9.17%	7.74%	7.15%	6.97%	8.00%	7.34%	8.27%	6.88%	4.95%	7.16%	6.60%	6.25%	8.97%	7.88%	8.01%	6.06%	8.43%	11.49%	9.51%	9.45%	11.67%	9.70%
EPS	0.17	0.18	0.26	0.37	0.29	0.25	0.27	0.21	0.23	0.21	0.17	0.16	0.14	0.14	0.10	0.14	0.09	0.05	0.13	0.07	0.08	0.17	0.13	0.18	0.12	0.29	0.35	0.20	0.16	0.40	0.43
EPS (Diluted)	0.17	0.18	0.26	0.37	0.29	0.25	0.27	0.21	0.23	0.21	0.17	0.16	0.14	0.14	0.10	0.14	0.09	0.05	0.13	0.07	0.08	0.17	0.13	0.18	0.12	0.29	0.35	0.20	0.16	0.40	0.43
Shares (Diluted)	374,700,753	336,893,168	356,818,780	352,263,291	327,233,844	302,490,773	333,918,984	329,933,039	314,478,602	311,167,363	303,936,361	298,910,266	299,734,424	271,847,780	270,103,333	232,422,869	207,405,155	197,302,914	178,330,470	146,864,633	152,317,754	190,309,149	192,208,940	172,661,615	189,302,261	206,562,549	222,267,708	179,685,071	202,655,792	202,691,083	154,554,132

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	168.22M	211.13M	202.10M	194.96M	184.78M	196.25M	121.90M	120.43M	106.93M	105.04M	87.17M	74.73M	64.84M	69.65M	60.59M	56.04M	44.09M	36.30M	25.07M	20.08M	29.31M	41.49M	45.09M	53.97M	39.14M	43.41M	45.85M	26.81M	52.60M	61.09M	39.61M
Short-Term Investments	21.74M	20.84M	22.00M	8.33M	37.19M	20.22M	9.47M	2.32M	3.07M	3.03M	1.76M	1.62M	1.58M	1.24M	2.76M	3.14M	2.75M	2.23M	2.95M	2.31M	0.60M	0.79M	1.45M	3.40M	1.01M	0.96M	2.27M	3.54M	0.01M	0.00M	0.00M
Cash & Short-Term Investments	189.96M	231.98M	224.11M	203.29M	221.97M	216.47M	131.37M	122.74M	110.01M	108.06M	88.92M	76.34M	66.42M	70.89M	63.34M	59.18M	46.84M	38.53M	28.02M	22.39M	29.90M	42.27M	46.54M	57.37M	40.15M	44.37M	48.13M	30.35M	52.61M	61.09M	39.61M
Net Receivables	386.51M	318.80M	294.33M	354.75M	324.59M	276.58M	272.96M	258.49M	257.13M	229.75M	197.81M	197.82M	174.84M	141.69M	92.50M	107.69M	84.42M	91.92M	78.52M	66.85M	94.43M	130.35M	143.27M	127.60M	175.24M	221.37M	265.43M	163.76M	234.90M	201.35M	203.01M
Inventory	282.14M	289.01M	259.25M	307.29M	253.81M	221.26M	223.30M	218.56M	200.46M	177.77M	150.44M	160.14M	141.55M	124.91M	107.74M	94.32M	79.20M	85.96M	73.69M	63.36M	83.52M	124.82M	139.87M	134.43M	173.05M	221.87M	255.17M	188.64M	213.41M	193.81M	216.08M
Other Current Assets	31.60M	35.54M	36.97M	36.04M	33.13M	32.25M	37.22M	45.31M	41.60M	35.65M	25.21M	29.66M	29.52M	18.86M	21.30M	14.30M	12.06M	11.65M	11.31M	7.91M	11.17M	13.01M	25.66M	20.70M	19.91M	28.53M	29.03M	21.81M	49.57M	35.09M	26.09M
Total Current Assets	890.21M	875.32M	814.67M	901.36M	833.50M	746.57M	664.84M	645.11M	609.19M	551.24M	462.38M	463.96M	412.33M	356.35M	284.89M	275.48M	222.53M	228.06M	191.54M	160.52M	219.02M	310.46M	355.35M	340.10M	408.35M	516.14M	597.76M	404.56M	550.49M	491.34M	484.79M
Property, Plant & Equipment	909.32M	1,012.96M	940.41M	897.05M	845.25M	794.71M	775.44M	698.85M	663.17M	638.88M	501.15M	505.94M	422.42M	381.23M	308.98M	292.70M	283.46M	270.69M	261.90M	213.93M	319.76M	421.12M	582.37M	551.05M	593.03M	709.55M	987.57M	569.19M	782.95M	667.56M	696.61M
Goodwill	324.46M	292.96M	303.41M	296.98M	351.93M	367.09M	345.39M	310.15M	260.53M	207.83M	155.44M	132.04M	93.81M	65.96M	17.13M	13.59M	11.02M	12.16M	10.71M	11.00M	55.54M	11.57M	51.09M	2.75M	41.85M	0.00M	0.63M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	112.40M	98.84M	104.31M	104.64M	106.39M	105.63M	111.00M	99.64M	77.81M	63.05M	56.17M	47.30M	34.90M	20.54M	16.63M	13.10M	12.25M	13.80M	11.38M	8.17M	13.00M	53.03M	91.95M	70.38M	87.04M	171.61M	154.70M	119.90M	95.31M	109.41M	119.88M
Long-Term Investments	27.63M	22.46M	25.24M	27.47M	25.56M	22.90M	27.97M	19.54M	25.39M	23.39M	16.79M	15.74M	15.31M	11.12M	4.92M	5.00M	4.32M	5.47M	4.26M	2.04M	4.29M	3.55M	13.48M	3.55M	0.00M	4.04M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Assets	6.69M	11.40M	12.35M	15.04M	16.79M	15.79M	14.10M	9.21M	8.37M	6.83M	7.96M	6.94M	5.74M	5.17M	5.82M	4.51M	3.47M	4.60M	3.58M	2.06M	4.07M	2.48M	4.19M	14.89M	2.35M	0.70M	0.49M	0.00M	0.47M	0.00M	1.70M
Other Non-Current Assets	64.27M	86.05M	61.75M	57.09M	51.53M	48.74M	30.59M	25.69M	23.71M	31.32M	27.64M	25.97M	23.59M	12.10M	18.81M	16.59M	17.20M	12.28M	12.13M	10.36M	19.07M	17.16M	38.20M	78.49M	87.13M	79.06M	91.83M	48.16M	115.76M	98.08M	99.87M
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	1,444.76M	1,524.67M	1,447.47M	1,398.25M	1,397.46M	1,354.87M	1,304.49M	1,163.09M	1,058.97M	971.29M	765.14M	733.93M	595.78M	496.12M	372.29M	345.49M	331.72M	319.00M	303.95M	247.56M	415.72M	508.90M	781.29M	721.10M	811.41M	964.97M	1,235.23M	737.26M	994.50M	875.05M	918.06M
Total Assets	2,334.97M	2,400.00M	2,262.14M	2,299.62M	2,230.96M	2,101.43M	1,969.33M	1,808.20M	1,668.16M	1,522.53M	1,227.52M	1,197.90M	1,008.10M	852.47M	657.18M	620.98M	554.25M	547.06M	495.50M	408.08M	634.75M	819.36M	1,136.63M	1,061.20M	1,219.76M	1,481.11M	1,832.99M	1,141.82M	1,544.99M	1,366.39M	1,402.84M
Accounts Payable	286.37M	271.07M	231.89M	262.01M	269.72M	219.39M	211.27M	224.11M	199.10M	180.36M	144.69M	148.28M	127.70M	108.58M	80.13M	87.98M	68.76M	67.70M	55.74M	47.56M	71.71M	103.58M	112.06M	149.91M	121.33M	149.38M	148.89M	140.41M	162.08M	134.62M	138.63M
Short-Term Debt	188.93M	140.97M	112.33M	114.95M	99.64M	91.11M	105.23M	104.16M	82.24M	86.03M	70.82M	70.46M	61.45M	65.94M	58.22M	46.14M	42.98M	49.58M	33.89M	27.35M	45.56M	49.00M	76.46M	54.69M	61.85M	53.04M	102.51M	53.97M	118.20M	63.39M	58.79M
Tax Payables	0.48M	6.87M	8.74M	9.63M	9.83M	8.81M	8.32M	9.46M	8.19M	7.67M	5.77M	4.44M	3.94M	3.03M	2.80M	2.29M	2.44M	1.62M	1.46M	1.19M	1.12M	0.61M	0.65M	0.41M	0.45M	0.06M	0.17M	0.00M	0.07M	0.04M	0.00M
Deferred Revenue	2.10M	0.33M	1.98M	6.00M	16.05M	15.80M	12.89M	6.95M	14.34M	15.35M	11.37M	10.91M	8.11M	7.85M	5.63M	3.39M	4.36M	3.31M	3.36M	2.92M	2.97M	4.41M	10.13M	12.97M	8.65M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	60.32M	85.06M	89.43M	71.24M	66.61M	69.82M	80.69M	72.05M	62.86M	80.62M	51.43M	59.10M	36.79M	40.06M	24.89M	18.01M	14.94M	16.09M	13.58M	14.75M	16.29M	18.35M	63.52M	34.10M	30.15M	57.30M	52.47M	39.51M	51.41M	46.13M	47.03M
Total Current Liabilities	538.19M	504.31M	444.37M	463.84M	461.85M	404.94M	418.40M	416.73M	366.73M	370.03M	284.09M	293.19M	238.00M	225.45M	171.67M	157.80M	133.48M	138.29M	108.03M	93.77M	137.65M	175.95M	262.81M	252.09M	222.43M	259.78M	304.04M	233.89M	331.75M	244.19M	244.45M
Long-Term Debt	624.32M	568.79M	587.44M	576.31M	575.51M	625.09M	552.32M	521.91M	438.29M	349.99M	268.57M	223.95M	216.91M	129.27M	136.18M	125.49M	119.17M	115.86M	108.62M	94.21M	195.91M	272.03M	390.11M	341.67M	417.65M	479.96M	578.93M	460.54M	507.87M	442.25M	524.61M
Capital Lease Obligations	4.74M	49.57M	43.98M	38.16M	52.63M	34.85M	27.73M	2.67M	2.29M	1.60M	1.23M	0.58M	0.40M	0.11M	0.08M	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
Deferred Tax Liabilities	19.48M	41.26M	32.71M	42.07M	43.62M	37.78M	35.41M	49.54M	46.15M	28.41M	25.51M	22.65M	12.75M	16.49M	12.90M	11.03M	10.86M	11.11M	18.31M	13.38M	25.13M	41.50M	55.86M	62.26M	70.66M	60.35M	95.16M	31.21M	64.78M	53.04M	22.60M
Other Non-Current Liabilities	73.51M	59.77M	58.00M	50.18M	64.02M	95.47M	105.49M	80.07M	75.12M	74.52M	43.39M	60.39M	51.26M	23.19M	15.71M	16.30M	12.11M	17.08M	16.04M	9.56M	43.07M	66.63M	69.70M	59.59M	62.59M	74.65M	73.76M	41.02M	54.84M	63.36M	68.32M
Total Non-Current Liabilities	722.05M	719.39M	722.13M	706.72M	735.78M	793.19M	720.94M	654.19M	561.85M	454.52M	338.71M	307.57M	281.32M	169.06M	164.86M	152.84M	142.14M	144.05M	142.98M	117.15M	264.11M	380.16M	515.67M	463.51M	550.90M	614.96M	747.85M	532.77M	627.48M	558.66M	615.53M
Total Liabilities	1,260.24M	1,223.70M	1,166.50M	1,170.56M	1,197.63M	1,198.13M	1,139.35M	1,070.91M	928.58M	824.54M	622.79M	600.76M	519.32M	394.52M	336.53M	310.64M	275.62M	282.35M	251.01M	210.92M	401.76M	556.11M	778.48M	715.60M	773.33M	874.74M	1,051.89M	766.66M	959.24M	802.84M	859.98M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.05M	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	4.71M	0.05M
Common Stock	89.84M	78.50M	76.11M	73.73M	73.60M	70.73M	75.01M	79.39M	73.94M	74.46M	58.50M	53.17M	44.77M	40.44M	35.05M	33.18M	31.75M	26.33M	19.84M	15.58M	21.22M	33.62M	32.45M	31.44M	25.19M	101.52M	99.21M	11.51M	11.72M	10.55M	10.95M
Retained Earnings	488.05M	537.41M	477.09M	553.33M	519.24M	420.79M	370.40M	330.75M	302.70M	274.76M	248.48M	179.88M	138.81M	119.08M	103.04M	80.24M	68.71M	59.16M	63.32M	42.25M	87.73M	166.41M	189.42M	185.83M	181.66M	230.99M	231.41M	190.94M	230.03M	289.84M	237.82M
Accumulated OCI	65.04M	10.41M	6.37M	17.09M	5.57M	-8.29M	-4.11M	2.03M	-14.01M	-24.22M	1.03M	-13.29M	-15.16M	-11.76M	-11.96M	-7.13M	-7.73M	-2.61M	0.00M	-0.41M	-3.08M	-4.86M	-16.71M	-19.13M	-50.59M	-67.07M	-56.94M	-115.69M	-233.32M	-240.64M	-234.05M
Minority Interest	10.62M	10.62M	10.09M	11.36M	11.65M	12.32M	12.70M	10.99M	9.78M	9.84M	9.88M	8.72M	7.50M	9.84M	8.47M	7.17M	5.45M	5.86M	4.86M	4.22M	4.74M	5.58M	14.22M	11.46M	12.21M	16.01M	10.20M	4.77M	9.69M	8.72M	29.70M
Total Shareholders’ Equity	642.93M	626.32M	559.58M	644.15M	598.41M	483.23M	441.30M	412.17M	362.63M	325.00M	308.01M	219.81M	168.44M	147.76M	126.13M	106.30M	92.74M	82.89M	83.16M	57.43M	105.88M	195.18M	205.16M	198.14M	156.26M	265.45M	273.68M	86.76M	8.43M	64.46M	14.78M
Total Equity	653.55M	636.94M	569.67M	655.52M	610.05M	495.55M	454.00M	423.16M	372.41M	334.84M	317.89M	228.53M	175.94M	157.60M	134.60M	113.46M	98.18M	88.74M	88.01M	61.65M	110.62M	200.75M	219.37M	209.61M	168.47M	281.46M	283.88M	91.52M	18.12M	73.18M	44.48M
Total Liabilities & Equity	1,913.79M	1,860.64M	1,736.17M	1,826.07M	1,807.68M	1,693.68M	1,593.35M	1,494.07M	1,300.99M	1,159.38M	940.68M	829.29M	695.26M	552.12M	471.13M	424.10M	373.81M	371.09M	339.02M	272.57M	512.37M	756.86M	997.85M	925.21M	941.79M	1,156.20M	1,335.78M	858.18M	977.36M	876.02M	904.46M
Tangible Assets	1,898.11M	2,008.19M	1,854.42M	1,898.00M	1,772.64M	1,628.71M	1,512.94M	1,398.40M	1,329.83M	1,251.65M	1,015.92M	1,018.55M	879.39M	765.97M	623.42M	594.29M	530.98M	521.10M	473.41M	388.91M	566.21M	754.77M	993.59M	988.07M	1,090.87M	1,309.50M	1,677.66M	1,021.91M	1,449.67M	1,256.98M	1,282.96M
Tangible Equity	216.69M	245.14M	161.95M	253.90M	151.73M	22.82M	-2.39M	13.36M	34.08M	63.96M	106.28M	49.18M	47.23M	71.10M	100.84M	86.78M	74.91M	62.78M	65.92M	42.48M	42.08M	136.15M	76.33M	136.48M	39.58M	109.85M	128.55M	-28.38M	-77.19M	-36.23M	-75.41M
Tangible Book Value	216.69M	245.14M	161.95M	253.90M	151.73M	22.82M	-2.39M	13.36M	34.08M	63.96M	106.28M	49.18M	47.23M	71.10M	100.84M	86.78M	74.91M	62.78M	65.92M	42.48M	42.08M	136.15M	76.33M	136.48M	39.58M	109.85M	128.55M	-28.38M	-77.19M	-36.23M	-75.41M
Total Investments	51.41M	38.96M	49.79M	43.22M	46.42M	34.73M	42.68M	23.05M	28.23M	25.40M	19.95M	17.54M	19.31M	14.31M	6.89M	8.17M	8.27M	8.41M	7.17M	4.86M	9.14M	8.56M	17.10M	9.86M	2.54M	7.12M	9.41M	1.09M	0.02M	0.00M	0.00M
Net Debt	645.04M	498.63M	497.66M	496.30M	490.38M	519.95M	535.65M	505.65M	413.60M	330.98M	252.23M	219.69M	213.53M	125.56M	133.80M	115.58M	118.06M	129.14M	117.44M	101.48M	212.17M	279.54M	421.47M	342.39M	440.35M	489.58M	635.58M	487.71M	573.47M	444.55M	543.79M

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	230.91M	236.47M	204.72M	295.55M	259.45M	273.62M	141.20M	156.15M	195.17M	175.07M	182.02M	192.98M	175.19M	147.95M	124.38M	113.93M	93.38M	72.25M	72.11M	49.51M	71.40M	88.57M	51.44M	23.46M	111.41M	135.22M	147.44M	111.79M	196.04M	165.96M	161.31M
Total Capital	2,011.86M	1,953.79M	1,820.96M	1,705.82M	1,615.19M	1,583.38M	1,477.02M	1,325.75M	1,241.30M	1,007.25M	836.15M	823.48M	711.49M	555.59M	501.68M	445.48M	411.61M	411.15M	389.07M	291.13M	450.27M	652.08M	909.83M	736.35M	866.39M	1,060.80M	1,429.19M	955.20M	1,186.69M	1,059.51M	1,092.69M
Capital Employed	2,050.51M	2,020.85M	1,951.27M	1,996.15M	1,918.28M	1,819.88M	1,652.33M	1,569.94M	1,491.94M	1,306.67M	1,142.33M	1,130.39M	1,000.69M	761.74M	592.40M	554.53M	516.44M	462.53M	442.99M	400.28M	520.17M	793.41M	976.40M	858.22M	905.17M	1,118.94M	1,455.46M	967.88M	1,624.99M	1,530.81M	1,471.51M
Invested Capital	1,843.65M	1,742.66M	1,618.86M	1,510.86M	1,430.42M	1,387.14M	1,355.12M	1,205.32M	1,134.37M	902.22M	748.98M	748.75M	646.65M	485.94M	441.10M	389.44M	367.52M	374.85M	364.00M	271.05M	420.97M	610.59M	864.74M	682.38M	827.25M	1,017.39M	1,383.33M	928.39M	1,134.09M	998.42M	1,053.08M

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	81.47M	96.29M	111.09M	112.17M	102.94M	109.41M	102.02M	99.63M	81.20M	75.08M	57.58M	54.60M	46.50M	41.43M	31.27M	31.52M	30.40M	27.13M	22.93M	18.15M	32.81M	54.15M	64.29M	63.18M	67.68M	71.83M	73.12M	62.70M	68.03M	63.17M	82.32M
Deferred Income Tax	0.00M	0.00M	-0.83M	-0.58M	-1.10M	-0.23M	0.12M	0.27M	-0.61M	0.26M	-0.08M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.58M	1.39M	1.45M	4.26M	3.86M	5.71M	4.81M	2.66M	4.79M	1.87M
Stock-Based Compensation	0.03M	0.09M	1.31M	2.20M	1.04M	0.88M	0.50M	0.93M	0.87M	0.53M	0.58M	0.46M	0.21M	0.06M	0.00M	0.00M	0.00M	0.00M	0.00M	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	-5.73M	-17.96M	14.10M	-49.39M	-27.81M	-4.50M	-1.75M	-16.53M	-11.73M	-1.27M	-7.29M	-7.09M	-4.81M	-4.73M	-10.37M	-10.96M	4.15M	-3.45M	-4.79M	-0.02M	-3.23M	1.08M	1.76M	5.31M	1.53M	-16.91M	-13.57M	-7.18M	-11.74M	-17.35M	-11.91M
Accounts Receivable	-1.55M	-15.18M	10.03M	-15.73M	-39.67M	4.53M	-0.57M	-13.96M	-16.17M	-9.46M	-3.41M	-2.02M	-4.44M	-0.77M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.06M	-0.04M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	-3.28M	-5.76M	18.63M	-33.37M	-35.15M	-1.42M	-0.12M	-14.76M	-10.68M	-2.82M	-3.19M	-5.81M	-3.39M	-1.95M	-7.64M	-6.08M	3.77M	-1.26M	-2.80M	-1.34M	-2.25M	-3.64M	0.43M	-2.43M	6.59M	-9.07M	-2.12M	-0.28M	0.72M	3.77M	-11.09M
Accounts Payable	-1.50M	7.94M	-8.23M	4.64M	43.94M	0.74M	-4.57M	10.77M	9.47M	6.00M	1.86M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	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	2.98M	0.54M	-1.73M	0.68M	1.22M	1.04M	0.57M	-2.98M	-3.55M	-0.50M	-2.54M	-1.90M	-1.14M	-2.43M	-2.08M	-2.74M	0.44M	-2.51M	-0.95M	0.84M	-1.99M	2.80M	-0.72M	5.59M	-4.03M	-10.30M	-7.55M	-9.72M	-11.47M	-14.10M	-2.26M
Other Non-Cash Items	9.75M	11.89M	5.27M	2.00M	4.36M	10.16M	5.25M	13.37M	4.49M	5.91M	5.86M	2.30M	2.47M	3.11M	1.91M	1.74M	2.55M	1.01M	-0.74M	-1.12M	0.98M	0.01M	5.21M	2.60M	2.03M	10.78M	-1.87M	3.87M	-3.39M	-4.67M	-10.44M
Net Cash from Operating Activities	158.08M	185.36M	255.60M	167.48M	198.77M	203.89M	195.99M	178.39M	154.88M	145.11M	119.17M	102.62M	114.80M	78.94M	65.64M	59.78M	72.90M	54.73M	46.21M	45.61M	56.53M	101.11M	120.23M	118.38M	134.82M	138.87M	141.96M	105.87M	129.59M	153.25M	132.61M
Capital Expenditures (PPE)	-78.82M	-111.63M	-137.93M	-131.81M	-125.02M	-108.71M	-98.13M	-96.32M	-83.36M	-91.89M	-79.00M	-73.32M	-62.73M	-55.54M	-55.16M	-38.53M	-29.22M	-38.82M	-34.82M	-26.67M	-38.86M	-54.30M	-65.24M	-61.52M	-70.78M	-94.84M	-154.44M	-175.57M	-177.10M	-209.83M	-134.06M
Acquisitions (Net)	0.20M	-2.78M	-0.72M	-0.51M	-3.96M	-0.38M	-8.42M	-4.78M	-6.76M	-10.35M	-6.41M	-4.56M	-3.97M	-8.82M	-3.61M	-2.01M	-0.71M	-0.87M	-0.34M	-0.40M	0.01M	-3.69M	-19.66M	-8.66M	-19.21M	-15.90M	0.00M	0.00M	0.00M	-2.79M	-0.74M
Purchases of Investments	-3.13M	-14.47M	-13.61M	-10.64M	-13.66M	-5.00M	-5.72M	-3.59M	-3.50M	-1.38M	-1.24M	-0.91M	-0.67M	-0.36M	-0.28M	-0.69M	-0.72M	-1.14M	-0.76M	-0.19M	-0.59M	-0.10M	0.00M	-0.23M	0.00M	-0.75M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	6.90M	14.04M	8.76M	16.51M	9.92M	9.03M	4.93M	3.61M	5.42M	1.52M	2.05M	1.11M	1.08M	0.25M	0.40M	0.27M	0.59M	0.75M	0.69M	0.09M	0.28M	0.09M	0.35M	0.12M	0.00M	0.00M	0.04M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	3.72M	4.91M	2.45M	4.65M	1.36M	1.76M	-1.21M	3.88M	3.33M	1.93M	3.69M	2.46M	2.89M	3.64M	1.78M	1.89M	1.12M	1.44M	1.15M	1.92M	1.48M	8.16M	17.01M	18.25M	7.80M	13.99M	8.94M	11.98M	-11.35M	-10.25M	-18.62M
Net Cash from Investing Activities	-87.95M	-102.75M	-153.06M	-142.87M	-141.81M	-108.13M	-111.01M	-106.26M	-122.26M	-111.76M	-85.61M	-72.34M	-84.31M	-62.75M	-59.16M	-41.38M	-27.25M	-35.92M	-27.56M	-20.85M	-34.59M	-39.10M	-70.60M	-55.40M	-64.32M	-79.03M	-121.97M	-134.51M	-193.46M	-182.73M	-181.94M
Net Debt Issuance	1.13M	22.05M	-1.38M	13.88M	7.55M	-14.53M	-4.43M	6.23M	-2.70M	2.13M	1.44M	5.13M	0.38M	1.57M	5.76M	-1.46M	-8.63M	4.50M	0.04M	-1.14M	-2.51M	-9.73M	7.31M	-21.30M	-10.12M	17.31M	-77.65M	47.43M	-7.43M	103.54M	72.44M
Long-Term Debt Issuance	5.29M	17.74M	4.95M	17.79M	7.88M	-2.89M	4.34M	2.56M	0.35M	7.70M	-0.87M	7.42M	2.17M	3.27M	6.52M	0.28M	-4.52M	2.52M	-1.70M	-0.86M	-1.66M	-0.80M	-4.73M	-26.59M	-10.50M	20.20M	-79.12M	40.26M	-6.99M	97.45M	72.44M
Short-Term Debt Issuance	-0.77M	1.77M	-0.79M	-0.79M	-0.66M	-1.31M	-1.94M	0.46M	-0.97M	-1.42M	0.00M	-0.71M	-0.44M	-0.45M	0.86M	-0.24M	-1.13M	0.58M	0.06M	0.38M	0.80M	-0.95M	0.37M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-0.59M	-3.89M	-1.78M	-3.59M	-2.03M	-0.16M	-0.19M	-0.51M	-0.57M	-0.03M	-0.04M	-0.05M	0.00M	0.02M	0.00M	-0.01M	0.00M	-0.05M	0.29M	0.06M	0.46M	1.15M	1.03M	0.69M	-0.38M	-5.47M	-3.35M	0.84M	18.58M	4.68M	5.48M
Common Stock Issuance	0.00M	0.00M	0.00M	0.36M	0.83M	0.04M	0.00M	0.02M	0.02M	0.34M	0.11M	0.68M	0.76M	0.50M	0.13M	0.02M	0.06M	0.04M	0.92M	0.53M	0.94M	2.81M	3.19M	2.15M	2.47M	6.52M	3.28M	8.91M	21.28M	8.77M	10.08M
Common Stock Repurchased	-0.60M	-3.90M	-2.89M	-5.82M	-4.05M	-0.65M	-0.81M	-1.38M	-0.58M	-0.28M	-0.33M	-0.52M	-0.06M	-0.04M	0.00M	-0.04M	-0.03M	-0.19M	-0.03M	0.00M	0.00M	0.00M	-0.26M	-0.52M	-2.50M	-28.56M	-5.61M	-8.64M	-1.38M	-1.11M	-0.12M
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	-35.62M	-44.74M	-43.22M	-34.83M	-31.81M	-22.56M	-22.52M	-22.18M	-18.70M	-14.58M	-16.88M	-12.93M	-10.85M	-10.50M	-8.72M	-6.71M	-6.04M	-8.01M	-5.49M	-3.59M	-7.98M	-14.30M	-14.39M	-15.94M	-18.73M	-24.81M	-24.39M	-15.73M	-22.77M	-19.10M	-7.33M
Common Dividends Paid	-34.45M	-44.74M	-43.10M	-35.74M	-32.70M	-23.36M	-23.35M	-23.62M	-18.82M	-14.92M	-16.23M	-13.07M	-10.76M	-10.50M	-7.91M	-6.57M	-6.00M	-8.72M	-5.43M	-3.60M	-7.59M	-12.55M	-14.39M	-15.32M	-18.26M	-24.75M	-24.39M	-15.73M	-22.77M	-19.10M	-7.50M
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	-11.65M	-11.43M	-5.81M	-5.72M	-9.64M	-5.97M	-7.70M	-4.85M	-1.01M	-3.02M	-3.24M	-2.06M	-2.71M	-2.01M	-1.68M	-0.79M	-0.95M	-0.53M	0.00M	-0.21M	-0.93M	0.44M	1.96M	-3.98M	-3.95M	-0.62M	-0.24M	-2.04M	-0.23M	-1.15M	-0.04M
Net Cash from Financing Activities	-74.88M	-26.60M	-57.10M	-46.48M	-22.04M	-41.90M	-37.88M	-35.51M	-50.38M	-20.16M	-22.68M	-13.90M	-22.29M	-8.91M	-4.45M	-8.59M	-23.78M	-1.70M	-4.62M	-7.77M	-11.65M	-20.51M	-8.58M	-28.59M	-37.95M	-21.91M	-71.18M	19.94M	6.69M	99.38M	94.45M
Effect of FX on Cash	-0.73M	0.09M	0.22M	0.30M	-0.55M	-0.43M	0.09M	-0.59M	-0.47M	-0.06M	0.09M	0.27M	-0.15M	0.01M	0.05M	0.09M	-0.08M	-0.03M	0.03M	0.14M	0.10M	0.34M	0.53M	0.01M	-0.26M	-0.29M	-4.08M	2.35M	-5.86M	-2.02M	0.13M
Net Change in Cash	-11.06M	-4.13M	10.22M	9.94M	-4.32M	38.90M	8.21M	7.58M	2.44M	11.36M	1.98M	7.39M	0.38M	1.95M	5.53M	6.20M	3.09M	5.52M	1.93M	2.23M	1.40M	21.84M	7.36M	2.75M	12.56M	2.17M	-10.62M	30.94M	8.03M	16.76M	8.77M
Cash at Beginning of Period	146.27M	184.77M	179.43M	168.61M	189.17M	118.76M	119.51M	105.05M	102.39M	89.38M	70.39M	65.83M	75.36M	61.70M	54.49M	40.43M	35.57M	24.74M	21.25M	16.89M	19.73M	26.86M	48.17M	35.53M	21.39M	42.65M	72.15M	23.58M	61.32M	44.53M	35.86M
Cash at End of Period	173.28M	201.92M	178.76M	180.34M	178.00M	193.06M	117.94M	117.69M	103.60M	102.56M	84.47M	71.41M	61.70M	67.88M	56.88M	53.51M	39.75M	34.39M	22.78M	17.67M	25.02M	58.29M	51.44M	63.00M	39.34M	46.38M	49.23M	71.55M	68.94M	68.10M	38.73M
Operating Cash Flow	158.57M	185.38M	255.74M	167.47M	198.76M	203.89M	195.99M	178.39M	154.88M	145.11M	119.17M	102.58M	114.80M	78.94M	65.34M	59.78M	72.90M	54.73M	46.21M	45.61M	56.53M	101.11M	120.23M	118.38M	134.82M	138.87M	141.96M	105.87M	129.59M	153.25M	132.61M
Capital Expenditure	-81.21M	-113.81M	-137.92M	-131.82M	-125.02M	-108.71M	-100.44M	-96.32M	-83.36M	-91.88M	-79.00M	-73.33M	-62.73M	-55.50M	-54.86M	-38.53M	-29.22M	-38.82M	-34.82M	-26.67M	-38.86M	-54.30M	-65.24M	-61.52M	-70.78M	-94.84M	-154.44M	-175.57M	-177.10M	-209.83M	-134.06M
Free Cash Flow	69.88M	51.84M	108.90M	40.61M	44.29M	90.69M	95.91M	76.62M	72.57M	59.69M	47.45M	23.33M	39.84M	26.83M	19.04M	17.84M	35.35M	13.17M	6.08M	7.38M	15.81M	40.78M	41.22M	54.96M	50.10M	26.63M	25.19M	-40.55M	12.95M	26.55M	-1.13M

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	247.06M	247.44M	264.94M	306.27M	254.58M	261.71M	235.01M	233.56M	222.93M	208.98M	166.64M	159.11M	158.99M	119.68M	102.94M	97.37M	88.03M	81.96M	83.19M	49.32M	90.60M	128.75M	140.41M	161.60M	174.59M	233.11M	225.47M	174.85M	190.17M	245.65M	214.31M
(-) Tax Adjustment	64.32M	66.67M	51.39M	57.75M	56.36M	68.03M	56.26M	52.98M	51.75M	57.36M	48.27M	35.28M	33.56M	27.32M	30.88M	22.22M	27.48M	32.44M	18.79M	16.19M	25.98M	27.51M	40.70M	45.55M	86.44M	60.98M	65.32M	76.19M	83.15M	83.53M	76.86M
(-) Change In Working Capital	-5.73M	-17.96M	14.10M	-49.39M	-27.81M	-4.50M	-1.75M	-16.53M	-11.73M	-1.27M	-7.29M	-7.09M	-4.81M	-4.73M	-10.37M	-10.96M	4.15M	-3.45M	-4.79M	-0.02M	-3.23M	1.08M	1.76M	5.31M	1.53M	-16.91M	-13.57M	-7.18M	-11.74M	-17.35M	-11.91M
(-) Capital Expenditure	81.21M	113.81M	137.92M	131.82M	125.02M	108.71M	100.44M	96.32M	83.36M	91.88M	79.00M	73.33M	62.73M	55.50M	54.86M	38.53M	29.22M	38.82M	34.82M	26.67M	38.86M	54.30M	65.24M	61.52M	70.78M	94.84M	154.44M	175.57M	177.10M	209.83M	134.06M
Unlevered Free Cash Flow	107.25M	84.92M	61.54M	166.09M	101.01M	89.47M	80.05M	100.79M	99.54M	61.01M	46.67M	57.59M	67.52M	41.59M	27.58M	47.58M	27.18M	14.14M	34.38M	6.49M	28.99M	45.86M	32.71M	49.22M	15.85M	94.20M	19.28M	-69.73M	-58.34M	-30.36M	15.30M
(-) Net Interest Income After Taxes	-22.85M	-25.48M	-25.17M	-19.34M	-16.22M	-21.06M	-24.60M	-20.48M	-19.54M	-14.49M	-10.59M	-11.79M	-9.51M	-7.27M	-6.16M	-7.65M	-6.36M	-5.24M	-3.34M	-1.59M	-3.08M	-7.41M	-7.18M	-10.51M	-2.83M	-3.31M	-2.66M	-1.45M	-1.71M	-2.74M	-2.84M
Net Debt Issuance	1.13M	22.05M	-1.38M	13.88M	7.55M	-14.53M	-4.43M	6.23M	-2.70M	2.13M	1.44M	5.13M	0.38M	1.57M	5.76M	-1.46M	-8.63M	4.50M	0.04M	-1.14M	-2.51M	-9.73M	7.31M	-21.30M	-10.12M	17.31M	-77.65M	47.43M	-7.43M	103.54M	72.44M
Levered Free Cash Flow	131.23M	132.44M	85.33M	199.31M	124.77M	96.00M	100.22M	127.50M	116.39M	77.62M	58.70M	74.51M	77.41M	50.42M	39.50M	53.77M	24.91M	23.87M	37.76M	6.94M	29.56M	43.54M	47.20M	38.43M	8.55M	114.82M	-55.71M	-20.86M	-64.06M	75.91M	90.57M