Financial Services

Category: Sector Averages Reference Ticker: C-PN

Methodology: Sector metrics reflect the Top 100 companies by revenue within the sector. 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.

Sector 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	73.83	46.74	31.20	30.45	29.43	26.07	30.63	22.11	29.92	28.35	24.26	25.18	25.08	20.48	18.73	23.85	21.94	19.29	37.73	44.06	37.10	29.53	30.17	24.74	31.49	35.97	27.06	26.50	25.59	18.27	15.81
Market Capitalization	94,086M	77,992M	73,893M	72,592M	77,024M	64,827M	70,738M	60,340M	72,338M	68,511M	65,745M	68,778M	60,842M	54,791M	30,723M	36,897M	34,049M	22,785M	45,400M	47,487M	34,510M	30,065M	27,101M	19,728M	21,187M	23,335M	12,495M	9,601M	8,410M	5,254M	3,917M
(-) Cash & Equivalents	38,733M	100,189M	127,608M	117,075M	124,363M	107,807M	64,821M	67,340M	61,747M	42,037M	36,973M	31,549M	34,009M	38,619M	34,293M	19,311M	15,011M	13,347M	10,989M	10,175M	9,068M	8,507M	7,079M	5,456M	4,455M	3,604M	1,760M	1,472M	1,202M	789M	777M
(+) Total Debt	173,397M	156,357M	167,213M	140,116M	142,722M	126,614M	113,969M	78,286M	70,135M	66,958M	67,805M	69,377M	66,365M	52,327M	57,759M	66,908M	58,476M	51,084M	65,539M	53,814M	49,892M	33,209M	25,734M	22,781M	19,882M	15,344M	10,200M	6,005M	5,579M	2,957M	2,788M
Enterprise Value	235,715M	139,474M	117,106M	103,703M	119,641M	107,271M	108,673M	92,349M	98,202M	101,708M	100,516M	108,777M	106,448M	94,803M	72,613M	89,656M	84,477M	74,260M	102,041M	98,468M	74,527M	65,565M	53,895M	46,232M	43,543M	45,188M	25,580M	16,034M	13,217M	8,292M	5,571M

Sector 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	75,203.261M	77,868.007M	98,228.529M	85,634.483M	88,557.843M	77,514.597M	87,694.803M	76,534.951M	80,344.307M	75,582.229M	70,901.423M	71,241.036M	68,747.346M	69,208.374M	33,055.480M	30,576.156M	29,434.495M	23,482.456M	27,879.486M	27,042.434M	22,700.516M	19,731.348M	16,544.306M	14,379.152M	12,884.812M	10,817.306M	7,409.099M	5,557.076M	4,357.025M	3,419.424M	2,753.717M
Cost of Revenue	21,961.582M	28,533.979M	34,323.933M	24,738.097M	23,370.355M	19,912.028M	21,430.457M	23,115.897M	21,446.790M	16,472.757M	18,872.857M	17,498.367M	15,253.495M	17,166.365M	6,216.131M	4,654.359M	5,349.822M	6,863.387M	5,624.165M	4,724.656M	3,604.650M	3,092.130M	3,391.600M	3,448.667M	3,539.427M	3,163.443M	2,398.925M	1,942.789M	1,407.534M	1,053.071M	904.521M
Gross Profit	53,241.679M	49,334.028M	63,904.596M	60,896.386M	65,187.489M	57,602.569M	66,264.346M	53,419.054M	58,897.517M	59,109.472M	52,028.566M	53,742.669M	53,493.851M	52,042.009M	26,839.349M	25,921.797M	24,084.673M	16,619.069M	22,255.322M	22,317.778M	19,095.866M	16,639.218M	13,152.706M	10,930.485M	9,345.385M	7,653.864M	5,010.174M	3,614.287M	2,949.491M	2,366.353M	1,849.196M
Gross Margin	70.80%	63.40%	65.10%	71.10%	73.60%	74.30%	75.60%	69.80%	73.30%	78.20%	73.40%	75.40%	77.80%	75.20%	81.20%	84.80%	81.80%	70.80%	79.80%	82.50%	84.10%	84.30%	79.50%	76.00%	72.50%	70.80%	67.60%	65.00%	67.70%	69.20%	67.20%
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	10,541.829M	11,029.498M	14,543.769M	14,997.961M	14,746.669M	14,650.160M	15,291.414M	14,563.038M	14,872.093M	14,824.229M	14,347.149M	15,168.324M	13,338.691M	15,476.281M	6,495.209M	6,168.477M	5,159.079M	4,872.085M	4,227.424M	3,899.301M	3,642.226M	3,055.454M	2,816.999M	2,555.715M	2,099.564M	1,436.427M	1,025.471M	680.973M	468.511M	426.113M	290.921M
Operating Expenses	10,541.829M	11,029.498M	14,543.769M	14,997.961M	14,746.669M	14,650.160M	15,291.414M	14,563.038M	14,872.093M	14,824.229M	14,347.149M	15,168.324M	13,338.691M	15,476.281M	6,495.209M	6,168.477M	5,159.079M	4,872.085M	4,227.424M	3,899.301M	3,642.226M	3,055.454M	2,816.999M	2,555.715M	2,099.564M	1,436.427M	1,025.471M	680.973M	468.511M	426.113M	290.921M
Operating Income (EBIT)	42,699.851M	38,304.530M	49,360.827M	45,898.425M	50,440.819M	42,952.409M	50,972.931M	38,856.016M	44,025.424M	44,285.243M	37,681.417M	38,574.345M	40,155.160M	36,565.729M	20,344.139M	19,753.320M	18,925.594M	11,746.984M	18,027.897M	18,418.477M	15,453.639M	13,583.764M	10,335.707M	8,374.770M	7,245.821M	6,217.436M	3,984.703M	2,933.314M	2,480.979M	1,940.240M	1,558.275M
Operating Margin	56.80%	49.20%	50.30%	53.60%	57.00%	55.40%	58.10%	50.80%	54.80%	58.60%	53.10%	54.10%	58.40%	52.80%	61.50%	64.60%	64.30%	50.00%	64.70%	68.10%	68.10%	68.80%	62.50%	58.20%	56.20%	57.50%	53.80%	52.80%	56.90%	56.70%	56.60%
Interest Income	22,214.651M	27,555.113M	19,577.959M	15,391.136M	12,417.569M	12,034.626M	10,666.027M	11,305.204M	9,406.525M	10,294.753M	10,440.831M	9,526.361M	9,466.346M	9,324.929M	11,576.148M	9,980.578M	10,302.392M	12,535.807M	13,358.700M	10,637.013M	7,475.711M	6,503.254M	4,952.677M	4,591.132M	4,347.815M	4,079.760M	2,947.162M	1,830.610M	1,645.719M	1,124.012M	1,055.345M
Interest Expense	13,922.236M	18,629.929M	12,776.085M	7,329.304M	3,567.735M	4,269.101M	5,454.648M	5,663.190M	4,262.643M	3,995.913M	3,970.255M	3,930.817M	4,228.196M	3,811.754M	5,496.127M	4,820.082M	5,564.447M	7,489.824M	6,818.045M	5,602.394M	4,203.555M	2,809.855M	2,710.457M	2,412.391M	2,764.977M	2,774.549M	1,816.079M	1,142.307M	851.863M	624.999M	563.116M
Net Interest Income	8,292.415M	8,925.184M	6,801.874M	8,061.832M	8,849.834M	7,765.525M	5,211.378M	5,642.014M	5,143.882M	6,298.841M	6,470.575M	5,595.545M	5,238.150M	5,513.175M	6,080.021M	5,160.496M	4,737.945M	5,045.983M	6,540.655M	5,034.619M	3,272.156M	3,693.400M	2,242.220M	2,178.741M	1,582.838M	1,305.211M	1,131.083M	688.303M	793.856M	499.012M	492.229M
Other Income / Expense	-38,672.851M	-34,433.209M	-42,475.860M	-43,482.280M	-41,530.055M	-43,755.447M	-44,376.210M	-32,138.049M	-37,302.796M	-39,592.846M	-32,993.258M	-36,718.824M	-32,996.391M	-35,618.448M	-22,543.706M	-20,858.658M	-20,969.837M	-15,132.989M	-19,959.217M	-18,525.386M	-14,860.877M	-13,996.711M	-10,010.946M	-9,037.684M	-7,510.453M	-5,616.864M	-3,901.495M	-2,694.116M	-2,502.647M	-1,864.672M	-1,592.625M
Pre-Tax Income	12,319.414M	12,796.504M	13,686.842M	10,477.978M	17,760.599M	6,962.488M	11,808.100M	12,359.981M	11,866.510M	10,991.238M	11,158.734M	7,451.066M	12,396.919M	6,460.456M	3,880.455M	4,055.159M	2,693.702M	1,659.978M	4,609.335M	4,927.710M	3,864.918M	3,280.453M	2,566.981M	1,515.827M	1,318.206M	1,905.783M	1,214.292M	927.501M	772.188M	574.580M	457.880M
Pre-Tax Margin	16.40%	16.40%	13.90%	12.20%	20.10%	9.00%	13.50%	16.10%	14.80%	14.50%	15.70%	10.50%	18.00%	9.30%	11.70%	13.30%	9.20%	7.10%	16.50%	18.20%	17.00%	16.60%	15.50%	10.50%	10.20%	17.60%	16.40%	16.70%	17.70%	16.80%	16.60%
Income Tax Expense	2,334.543M	2,161.202M	2,137.046M	2,129.858M	2,856.281M	1,384.298M	2,329.426M	2,705.844M	4,294.911M	3,149.035M	3,110.435M	2,295.681M	3,460.529M	1,771.391M	953.437M	981.093M	613.622M	206.924M	1,087.357M	1,313.021M	1,036.458M	947.961M	798.852M	456.726M	345.148M	526.859M	356.969M	293.084M	229.694M	167.146M	131.659M
Tax Rate	19.00%	16.90%	15.60%	20.30%	16.10%	19.90%	19.70%	21.90%	35.00%	28.70%	27.90%	30.80%	27.90%	27.40%	24.60%	24.20%	22.80%	12.50%	23.60%	26.60%	26.80%	28.90%	31.10%	30.10%	26.20%	27.60%	29.40%	31.60%	29.70%	29.10%	28.80%
Net Income	9,901.691M	10,209.837M	11,824.809M	8,228.154M	13,629.329M	5,360.213M	9,250.258M	9,386.373M	9,332.188M	7,571.497M	7,941.167M	4,458.538M	8,366.992M	4,574.612M	2,996.029M	2,867.240M	2,099.656M	1,431.192M	3,475.288M	3,496.364M	2,599.308M	2,239.366M	1,805.270M	1,072.180M	808.107M	1,240.907M	856.128M	597.266M	516.494M	390.677M	313.686M
Net Margin	13.20%	13.10%	12.00%	9.60%	15.40%	6.90%	10.50%	12.30%	11.60%	10.00%	11.20%	6.30%	12.20%	6.60%	9.10%	9.40%	7.10%	6.10%	12.50%	12.90%	11.50%	11.30%	10.90%	7.50%	6.30%	11.50%	11.60%	10.70%	11.90%	11.40%	11.40%
Depreciation & Amortization	744.121M	1,250.722M	2,988.006M	2,486.732M	2,221.846M	2,508.025M	2,650.276M	2,361.454M	1,958.551M	2,116.324M	1,926.506M	1,314.153M	1,502.638M	1,791.260M	763.967M	828.474M	858.478M	705.186M	662.886M	651.913M	585.845M	575.667M	567.156M	510.846M	372.034M	290.712M	177.616M	131.059M	116.273M	88.742M	57.752M
EBITDA	43,443.971M	39,555.252M	52,348.833M	48,385.157M	52,662.665M	45,460.434M	53,623.208M	41,217.469M	45,983.975M	46,401.567M	39,607.924M	39,888.498M	41,657.798M	38,356.988M	21,108.106M	20,581.794M	19,784.072M	12,452.170M	18,690.784M	19,070.390M	16,039.484M	14,159.431M	10,902.863M	8,885.616M	7,617.855M	6,508.149M	4,162.319M	3,064.373M	2,597.252M	2,028.982M	1,616.027M
EBITDA Margin	57.80%	50.80%	53.30%	56.50%	59.50%	58.60%	61.10%	53.90%	57.20%	61.40%	55.90%	56.00%	60.60%	55.40%	63.90%	67.30%	67.20%	53.00%	67.00%	70.50%	70.70%	71.80%	65.90%	61.80%	59.10%	60.20%	56.20%	55.10%	59.60%	59.30%	58.70%
NOPAT	34,608.181M	31,835.277M	41,653.691M	36,568.654M	42,328.865M	34,412.509M	40,917.319M	30,349.666M	28,616.526M	31,597.340M	27,177.931M	26,689.549M	28,946.077M	26,539.779M	15,345.537M	14,974.261M	14,614.368M	10,282.668M	13,775.060M	13,510.752M	11,309.427M	9,658.427M	7,119.204M	5,851.409M	5,348.638M	4,498.608M	2,813.308M	2,006.407M	1,742.992M	1,375.823M	1,110.208M
NOPAT Margin	46.00%	40.90%	42.40%	42.70%	47.80%	44.40%	46.70%	39.70%	35.60%	41.80%	38.30%	37.50%	42.10%	38.30%	46.40%	49.00%	49.70%	43.80%	49.40%	50.00%	49.80%	48.90%	43.00%	40.70%	41.50%	41.60%	38.00%	36.10%	40.00%	40.20%	40.30%
Owner's Earnings	10,645.812M	11,460.559M	14,812.815M	10,714.886M	15,851.175M	7,868.238M	11,900.534M	11,747.826M	11,290.739M	9,687.821M	9,867.673M	5,772.691M	9,869.631M	6,365.872M	3,759.996M	3,695.713M	2,958.135M	2,136.378M	4,138.174M	4,148.277M	3,185.153M	2,815.034M	2,372.426M	1,583.026M	1,180.141M	1,531.619M	1,033.744M	728.325M	632.767M	479.419M	371.438M
Owner's Earnings Margin	14.20%	14.70%	15.10%	12.50%	17.90%	10.20%	13.60%	15.30%	14.10%	12.80%	13.90%	8.10%	14.40%	9.20%	11.40%	12.10%	10.00%	9.10%	14.80%	15.30%	14.00%	14.30%	14.30%	11.00%	9.20%	14.20%	14.00%	13.10%	14.50%	14.00%	13.50%
EPS	0.443	1.684	1.918	1.260	2.188	0.886	2.174	1.375	1.813	1.320	1.370	0.851	1.643	0.977	0.638	0.925	0.778	0.599	1.854	1.944	1.740	1.518	1.853	1.184	0.984	1.772	1.692	1.203	1.042	0.896	0.946
EPS (Diluted)	0.443	1.684	1.918	1.260	2.188	0.886	2.174	1.375	1.813	1.320	1.370	0.851	1.643	0.977	0.638	0.925	0.778	0.599	1.854	1.944	1.740	1.518	1.853	1.184	0.984	1.772	1.692	1.203	1.042	0.896	0.946
Shares (Diluted)	22,328,305,330	6,062,068,788	6,164,205,139	6,530,920,136	6,228,067,194	6,049,982,918	4,254,564,231	6,827,953,394	5,147,351,065	5,733,822,897	5,797,257,623	5,238,711,195	5,092,088,067	4,682,597,056	4,696,849,178	3,099,869,440	2,698,595,100	2,388,422,354	1,874,414,241	1,798,859,064	1,494,076,352	1,475,169,903	974,450,094	905,286,604	821,183,030	700,319,974	506,119,737	496,563,756	495,735,095	435,861,016	331,723,806

Sector 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	59,464M	101,307M	127,608M	117,075M	124,363M	107,833M	63,674M	67,404M	61,611M	42,242M	36,973M	31,549M	34,009M	38,619M	35,740M	19,311M	15,011M	13,347M	10,690M	9,668M	9,146M	8,584M	7,076M	5,506M	4,455M	3,640M	1,778M	1,502M	1,215M	854M	812M
Short-Term Investments	39,636M	32,362M	59,741M	82,370M	73,180M	72,641M	35,368M	49,982M	69,383M	28,135M	27,880M	31,687M	26,421M	29,957M	23,800M	14,413M	14,861M	12,567M	11,573M	9,786M	8,413M	5,050M	2,826M	2,705M	2,101M	2,266M	1,265M	565M	303M	317M	196M
Cash & Short-Term Investments	99,100M	133,669M	187,349M	199,445M	197,543M	180,474M	99,042M	117,386M	130,994M	70,377M	64,853M	63,236M	60,430M	68,577M	59,541M	33,723M	29,872M	25,914M	22,263M	19,454M	17,559M	13,634M	9,903M	8,211M	6,557M	5,907M	3,042M	2,067M	1,517M	1,170M	1,008M
Net Receivables	14,073M	11,762M	8,326M	10,170M	8,902M	8,904M	8,882M	10,384M	11,050M	11,113M	11,915M	11,599M	10,676M	9,062M	7,361M	4,306M	5,899M	5,779M	5,650M	5,393M	4,211M	2,452M	1,617M	2,272M	2,274M	1,735M	1,078M	893M	673M	528M	304M
Inventory	0M	0M	484M	692M	736M	816M	661M	610M	535M	422M	809M	389M	233M	210M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Other Current Assets	0M	0M	5,360M	3,199M	12,887M	4,287M	4,142M	4,193M	3,529M	7,151M	2,719M	2,099M	1,445M	1,078M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	2,488M	78M	679M	158M	428M	106M	0M
Total Current Assets	113,174M	145,431M	201,519M	213,506M	220,069M	194,481M	112,728M	132,572M	146,107M	89,064M	80,296M	77,323M	72,784M	78,927M	66,902M	38,029M	35,771M	31,693M	27,913M	24,847M	21,770M	16,086M	11,520M	10,483M	11,319M	7,720M	4,799M	3,118M	2,619M	1,804M	1,312M
Property, Plant & Equipment	7,219M	9,020M	20,561M	19,813M	19,711M	17,946M	17,501M	15,890M	13,742M	11,872M	11,448M	10,938M	9,380M	8,916M	3,643M	4,014M	3,923M	3,648M	2,851M	2,670M	2,665M	1,719M	1,920M	1,648M	1,162M	1,003M	642M	560M	441M	354M	271M
Goodwill	6,614M	6,420M	10,899M	9,919M	8,870M	9,141M	9,551M	9,863M	9,709M	9,882M	9,917M	10,185M	9,667M	10,212M	3,293M	3,416M	3,386M	3,226M	3,577M	3,082M	1,419M	796M	198M	43M	39M	20M	17M	0M	0M	0M	0M
Intangible Assets	2,896M	3,645M	4,703M	4,266M	3,989M	3,352M	3,320M	3,442M	5,114M	4,448M	3,653M	4,339M	4,850M	4,336M	1,767M	1,713M	1,869M	1,622M	1,493M	1,116M	1,082M	851M	731M	584M	621M	424M	126M	121M	133M	38M	55M
Long-Term Investments	358,464M	401,360M	237,148M	185,640M	176,349M	174,944M	159,269M	167,765M	153,063M	166,581M	153,767M	150,593M	140,905M	150,134M	178,754M	176,999M	151,872M	131,185M	158,583M	140,312M	116,238M	94,417M	68,040M	59,263M	46,302M	43,485M	25,833M	22,030M	14,081M	11,527M	8,248M
Tax Assets	1,893M	2,628M	928M	2,223M	1,711M	1,327M	1,342M	1,362M	626M	643M	456M	291M	216M	206M	294M	320M	413M	311M	153M	152M	75M	59M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Other Non-Current Assets	105,963M	402,836M	618,253M	416,483M	299,395M	232,969M	191,357M	60,602M	58,551M	59,656M	53,812M	40,961M	53,053M	-49,945M	12,753M	14,002M	7,370M	7,412M	469M	1,808M	6,636M	13,797M	3,946M	3,645M	-470M	203M	566M	765M	799M	332M	892M
Other Assets	175,320M	0M	0M	14,085M	48,153M	64,910M	35,503M	83,481M	109,946M	130,457M	124,235M	133,544M	121,008M	292,397M	68,346M	59,806M	36,296M	32,777M	61,742M	58,385M	40,843M	38,983M	61,332M	26,546M	15,054M	6,661M	327M	8M	48M	88M	77M
Total Non-Current Assets	658,369M	825,908M	892,491M	652,429M	558,177M	504,589M	417,842M	342,406M	350,750M	383,539M	357,289M	350,853M	339,078M	416,257M	268,850M	260,269M	205,128M	180,181M	228,868M	207,526M	168,960M	150,622M	136,167M	91,729M	62,708M	51,796M	27,509M	23,483M	15,501M	12,339M	9,544M
Total Assets	771,543M	971,339M	1,094,010M	865,935M	778,246M	699,070M	530,570M	474,978M	496,857M	472,603M	437,585M	428,177M	411,862M	495,184M	335,752M	298,299M	240,898M	211,874M	256,781M	232,373M	190,729M	166,708M	147,687M	102,212M	74,027M	59,516M	32,309M	26,601M	18,120M	14,144M	10,855M
Accounts Payable	5,703M	4,578M	8,984M	10,980M	11,049M	10,893M	9,554M	8,280M	10,086M	8,396M	8,005M	7,346M	6,741M	6,455M	3,402M	2,741M	2,005M	2,508M	2,465M	2,150M	1,450M	657M	131M	232M	130M	121M	42M	36M	27M	21M	18M
Short-Term Debt	26,400M	23,562M	14,226M	11,669M	11,061M	6,673M	3,526M	2,627M	2,367M	1,294M	871M	749M	522M	1,295M	3,253M	7,363M	7,060M	4,591M	8,603M	7,625M	6,564M	5,990M	5,088M	4,317M	6,777M	6,115M	3,180M	2,551M	2,074M	1,176M	1,129M
Tax Payables	54M	653M	526M	680M	739M	635M	623M	608M	571M	574M	502M	512M	485M	506M	447M	608M	510M	460M	787M	697M	113M	63M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Deferred Revenue	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Other Current Liabilities	274,776M	293,706M	199,968M	158,508M	137,301M	83,912M	71,279M	60,369M	42,595M	59,470M	55,670M	26,193M	26,415M	25,319M	69,111M	56,376M	46,490M	44,661M	37,005M	33,020M	32,554M	20,313M	13,882M	12,531M	12,517M	11,247M	9,907M	8,276M	6,376M	3,449M	3,037M
Total Current Liabilities	306,933M	322,499M	223,703M	181,837M	160,150M	102,113M	84,982M	71,883M	55,620M	69,734M	65,048M	34,800M	34,163M	33,575M	76,213M	67,087M	56,066M	52,219M	48,860M	43,492M	40,682M	27,023M	19,101M	17,080M	19,424M	17,483M	13,129M	10,863M	8,477M	4,645M	4,184M
Long-Term Debt	135,358M	108,520M	121,938M	123,235M	116,478M	102,542M	99,092M	101,259M	92,465M	88,075M	81,759M	82,814M	84,637M	89,708M	40,860M	51,538M	47,420M	43,306M	48,366M	43,905M	31,140M	24,889M	16,547M	12,136M	8,869M	7,885M	5,349M	2,360M	1,892M	1,464M	1,102M
Capital Lease Obligations	0M	169M	1,078M	1,020M	1,039M	1,167M	870M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Deferred Tax Liabilities	130M	91M	50M	67M	206M	133M	249M	238M	288M	125M	19M	33M	0M	52M	208M	280M	108M	174M	302M	222M	17M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Other Non-Current Liabilities	75,037M	267,558M	408,106M	314,172M	255,494M	241,258M	128,505M	39,147M	55,293M	45,474M	41,220M	38,001M	31,795M	-4,691M	22,234M	24,278M	15,705M	21,837M	26,955M	17,180M	19,611M	21,764M	12,987M	7,582M	6,152M	4,887M	2,730M	1,347M	943M	531M	333M
Total Non-Current Liabilities	210,525M	376,338M	531,173M	438,494M	373,217M	345,099M	228,716M	140,644M	148,045M	133,674M	122,998M	120,848M	116,432M	85,069M	63,302M	76,095M	63,233M	65,317M	75,623M	61,307M	50,769M	46,653M	29,534M	19,718M	15,021M	12,772M	8,079M	3,707M	2,835M	1,995M	1,435M
Total Liabilities	517,458M	698,838M	754,876M	620,331M	533,367M	447,212M	313,698M	212,527M	203,665M	203,408M	188,046M	155,648M	150,594M	118,645M	139,516M	143,182M	119,299M	117,537M	124,483M	104,799M	91,450M	73,677M	48,634M	36,798M	34,445M	30,255M	21,207M	14,570M	11,312M	6,641M	5,619M
Preferred Stock	2,296M	2,362M	4,787M	4,964M	4,795M	3,525M	3,706M	3,500M	3,406M	3,081M	2,999M	2,299M	1,741M	764M	300M	407M	309M	482M	180M	139M	34M	80M	105M	49M	25M	31M	38M	23M	21M	1M	3M
Common Stock	4,301M	5,882M	5,162M	4,731M	4,351M	3,968M	3,676M	4,821M	5,046M	5,237M	4,354M	5,342M	4,831M	4,675M	3,806M	2,658M	3,053M	2,190M	1,689M	1,503M	1,675M	1,483M	1,098M	927M	798M	582M	391M	94M	14M	10M	3M
Retained Earnings	50,158M	64,281M	83,009M	78,394M	77,377M	65,392M	63,448M	56,789M	49,520M	44,351M	39,244M	35,229M	34,760M	29,711M	14,708M	12,550M	10,894M	10,209M	11,417M	9,451M	8,394M	6,731M	6,503M	4,881M	4,609M	4,385M	2,867M	2,190M	1,847M	1,611M	1,239M
Accumulated OCI	3,088M	-1,434M	-3,347M	-3,899M	1,245M	2,675M	970M	238M	360M	571M	825M	714M	-86M	0M	50M	97M	-118M	-628M	123M	102M	95M	325M	282M	298M	137M	118M	-18M	53M	47M	25M	15M
Minority Interest	1,053M	924M	1,401M	1,126M	1,626M	1,117M	983M	1,205M	718M	614M	589M	623M	644M	692M	939M	811M	746M	575M	731M	446M	326M	302M	263M	284M	230M	231M	172M	154M	89M	45M	6M
Total Shareholders’ Equity	59,844M	71,091M	89,611M	84,190M	87,767M	75,561M	71,799M	65,348M	58,332M	53,241M	47,421M	43,585M	41,246M	35,151M	18,863M	15,712M	14,138M	12,253M	13,409M	11,195M	10,197M	8,619M	7,988M	6,155M	5,569M	5,116M	3,279M	2,359M	1,929M	1,647M	1,259M
Total Equity	60,897M	72,016M	91,013M	85,316M	89,393M	76,679M	72,782M	66,553M	59,050M	53,855M	48,010M	44,208M	41,889M	35,843M	19,802M	16,523M	14,883M	12,828M	14,140M	11,641M	10,524M	8,922M	8,251M	6,439M	5,799M	5,347M	3,451M	2,514M	2,018M	1,693M	1,265M
Total Liabilities & Equity	578,355M	770,853M	845,888M	705,647M	622,760M	523,891M	386,480M	279,080M	262,715M	257,263M	236,056M	199,856M	192,484M	154,487M	159,317M	159,705M	134,182M	130,365M	138,623M	116,439M	101,974M	82,598M	56,885M	43,236M	40,244M	35,602M	24,658M	17,084M	13,330M	8,333M	6,884M
Tangible Assets	762,032M	961,274M	1,078,409M	851,750M	765,388M	686,578M	517,700M	461,673M	482,035M	458,273M	424,015M	413,652M	397,346M	480,636M	330,691M	293,169M	235,644M	207,026M	251,711M	228,175M	188,227M	165,060M	146,757M	101,586M	73,367M	59,072M	32,166M	26,480M	17,987M	14,105M	10,800M
Tangible Equity	51,386M	61,951M	75,411M	71,131M	76,535M	64,186M	59,912M	53,247M	44,228M	39,525M	34,440M	29,683M	27,373M	21,294M	14,741M	11,394M	9,629M	7,980M	9,069M	7,443M	8,022M	7,274M	7,322M	5,812M	5,139M	4,903M	3,308M	2,392M	1,885M	1,654M	1,210M
Tangible Book Value	51,386M	61,951M	75,411M	71,131M	76,535M	64,186M	59,912M	53,247M	44,228M	39,525M	34,440M	29,683M	27,373M	21,294M	14,741M	11,394M	9,629M	7,980M	9,069M	7,443M	8,022M	7,274M	7,322M	5,812M	5,139M	4,903M	3,308M	2,392M	1,885M	1,654M	1,210M
Total Investments	447,599M	462,787M	307,926M	287,152M	263,930M	224,444M	223,171M	214,692M	200,957M	210,145M	196,574M	184,488M	174,975M	175,792M	224,779M	207,862M	180,684M	154,611M	159,532M	140,502M	128,159M	102,331M	74,640M	66,304M	51,385M	46,733M	27,986M	22,392M	14,786M	11,851M	8,287M
Net Debt	102,294M	30,775M	8,556M	17,828M	3,175M	1,382M	38,944M	36,481M	33,221M	47,127M	45,656M	52,014M	51,149M	52,385M	8,372M	39,590M	39,469M	34,550M	46,278M	41,861M	28,558M	22,296M	14,558M	10,947M	11,191M	10,360M	6,752M	3,409M	2,752M	1,786M	1,419M

Sector 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	-244,051M	-237,149M	-80,487M	-9,632M	7,975M	79,795M	-13,599M	-25,762M	5,576M	-50,426M	-51,502M	-39,796M	-37,837M	-5,265M	-52,530M	-52,483M	-39,763M	-45,802M	-42,085M	-32,809M	-29,620M	-18,566M	-23,157M	-10,843M	1,241M	-11,069M	-4,543M	-7,707M	-3,370M	-5,228M	-3,507M
Total Capital	271,029M	242,272M	278,418M	246,170M	250,105M	224,490M	209,771M	170,926M	162,778M	161,618M	158,431M	154,730M	142,308M	129,900M	93,298M	98,151M	89,012M	72,899M	89,014M	75,451M	65,993M	48,968M	38,939M	34,565M	29,851M	24,393M	15,670M	10,149M	9,030M	6,269M	5,137M
Capital Employed	704,762M	785,630M	973,059M	897,248M	874,436M	921,676M	772,727M	742,249M	722,092M	728,993M	701,919M	718,340M	727,703M	754,212M	441,811M	402,730M	392,448M	281,549M	342,044M	296,357M	252,990M	215,387M	185,915M	149,159M	118,765M	87,948M	57,585M	40,254M	32,822M	21,303M	18,131M
Invested Capital	211,565M	140,965M	150,810M	129,095M	125,742M	116,657M	146,098M	103,522M	101,167M	119,376M	121,458M	123,181M	108,299M	91,281M	57,558M	78,841M	74,001M	59,552M	78,324M	65,783M	56,847M	40,385M	31,862M	29,059M	25,396M	20,753M	13,892M	8,648M	7,816M	5,416M	4,326M

Sector 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
Net Income	8,911M	10,727M	12,121M	9,113M	14,436M	5,505M	9,089M	9,489M	9,715M	7,763M	8,227M	4,713M	8,353M	4,790M	3,116M	3,387M	2,254M	1,357M	3,571M	3,732M	2,702M	2,270M	1,540M	1,004M	764M	1,276M	769M	587M	498M	417M	293M
Depreciation & Amortization	1,390M	1,994M	3,718M	3,494M	3,186M	3,445M	3,599M	3,163M	2,664M	2,770M	2,536M	2,205M	2,385M	2,413M	771M	827M	868M	655M	659M	581M	574M	554M	508M	483M	444M	310M	182M	130M	106M	83M	52M
Deferred Income Tax	2M	0M	0M	72M	604M	-222M	-71M	524M	839M	795M	72M	360M	259M	205M	32M	16M	-71M	-116M	-24M	48M	-35M	1M	40M	18M	-1M	53M	8M	4M	4M	8M	4M
Stock-Based Compensation	64M	145M	452M	233M	227M	342M	274M	38M	206M	237M	152M	243M	180M	306M	0M	0M	0M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Change in Working Capital	-1,146M	-9,705M	689M	-2,962M	-4,638M	5,298M	-1,828M	-2,451M	-8,024M	988M	1,272M	3,688M	-410M	541M	2,801M	860M	-832M	618M	675M	-620M	-552M	269M	539M	514M	-81M	-144M	7M	-37M	-13M	16M	22M
Accounts Receivable	-7M	-63M	-57M	-377M	-426M	-132M	-229M	-744M	-714M	-856M	-94M	-742M	-662M	-501M	0M	0M	19M	0M	-39M	-30M	0M	0M	0M	0M	-1M	-4M	-1M	-11M	0M	-7M	-5M
Inventory	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Accounts Payable	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	93M	0M	21M	29M	0M	14M	0M	3M	9M	0M	1M	0M
Other Working Capital	-1,121M	-8,974M	892M	386M	-5,770M	10,719M	-1,777M	-121M	-7,675M	-152M	-1,196M	5,030M	300M	64M	1,867M	291M	309M	256M	-188M	-808M	-1,062M	-147M	-9M	-92M	24M	-263M	-66M	-69M	-68M	1M	35M
Other Non-Cash Items	865M	-760M	140M	10,267M	642M	3,449M	5,532M	3,046M	2,724M	3,239M	3,481M	1,849M	2,892M	1,303M	2,536M	1,338M	2,419M	2,687M	556M	235M	122M	396M	1,090M	589M	652M	327M	-10M	-58M	-48M	13M	7M
Net Cash from Operating	9,565M	1,280M	14,525M	16,832M	21,619M	17,077M	16,376M	16,864M	6,670M	16,809M	19,803M	14,834M	16,411M	10,361M	9,435M	5,357M	4,491M	6,137M	5,132M	3,357M	2,553M	2,935M	3,498M	3,197M	1,180M	1,609M	1,052M	573M	486M	557M	389M
Investments in PPE	-898M	-1,235M	-3,158M	-2,768M	-2,466M	-2,263M	-2,792M	-2,779M	-1,837M	-1,980M	-1,791M	-2,223M	-1,975M	-1,688M	-674M	-641M	-678M	-791M	-763M	-501M	-463M	-312M	-260M	-266M	-317M	-222M	-183M	-143M	-127M	-77M	-42M
Acquisitions (Net)	-1M	-23M	-656M	-91M	-121M	-134M	-231M	-124M	-103M	-129M	-163M	-113M	-129M	-31M	-86M	-29M	170M	-67M	-405M	-246M	-158M	-14M	-204M	-66M	-170M	-83M	-3M	-14M	0M	0M	0M
Purchases of Investments	-49,328M	-55,683M	-31,550M	-39,984M	-46,040M	-48,464M	-36,366M	-32,820M	-24,822M	-23,670M	-17,603M	-15,604M	-15,288M	-20,126M	-35,708M	-27,208M	-33,053M	-31,804M	-24,751M	-21,990M	-20,686M	-23,507M	-25,178M	-20,180M	-18,680M	-10,852M	-7,099M	-4,994M	-4,844M	-3,812M	-3,055M
Sales/Maturities of Investments	42,655M	49,945M	31,785M	35,624M	42,566M	41,296M	29,145M	29,166M	22,643M	23,690M	15,068M	13,919M	15,028M	19,507M	32,214M	24,915M	29,758M	26,189M	22,933M	21,222M	18,198M	22,676M	23,328M	23,255M	17,751M	11,620M	5,553M	4,823M	4,494M	3,694M	2,458M
Other Investing Activities	-5,817M	-4,096M	-2,591M	-7,849M	-3,893M	-7,823M	-3,147M	-5,665M	-3,614M	-7,416M	-5,097M	-4,378M	-4,394M	-3,077M	-316M	-549M	661M	-740M	-2,713M	-759M	-3,411M	-2,797M	-2,039M	-3,282M	-831M	-2,912M	-1,128M	-1,282M	-534M	-625M	-389M
Net Cash from Investing	-20,471M	-18,741M	-10,232M	-27,646M	-20,573M	-33,713M	-17,350M	-24,679M	-9,522M	-21,948M	-16,685M	-11,226M	-12,576M	-10,438M	-4,428M	-5,892M	-2,314M	-5,702M	-6,747M	-5,425M	-5,591M	-5,956M	-5,739M	-4,610M	-3,841M	-3,611M	-2,251M	-1,422M	-1,744M	-1,053M	-905M
Net Debt Issuance	3,411M	3,915M	1,362M	3,310M	4,149M	1,492M	1,159M	1,266M	1,518M	945M	576M	1,291M	4M	107M	-38M	289M	-1,387M	-57M	2,947M	2,126M	2,768M	1,693M	1,103M	303M	821M	709M	959M	449M	422M	129M	212M
Long-Term Debt Issuance	2,950M	3,380M	1,504M	3,394M	4,153M	1,506M	976M	1,177M	1,348M	893M	884M	1,413M	197M	189M	244M	-38M	-659M	712M	2,371M	1,749M	1,604M	1,221M	810M	503M	881M	720M	329M	214M	220M	40M	100M
Short-Term Debt Issuance	88M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	-380M	-191M	80M	95M	89M	28M	161M	7M	-73M	-104M	345M	202M	175M	15M	-12M
Net Stock Issuance	-1,273M	-1,738M	-955M	-991M	-780M	-302M	-588M	-589M	-350M	-487M	-197M	-177M	-129M	19M	-2M	233M	803M	1,187M	-567M	-199M	-163M	-179M	-108M	-231M	-86M	-201M	-116M	-72M	-95M	-69M	-35M
Common Stock Issued	10M	104M	28M	10,303M	2,092M	940M	12,969M	12,836M	10,271M	9,352M	8,609M	8,036M	8,207M	8,314M	200M	583M	1,752M	789M	260M	542M	152M	228M	54M	18M	36M	6M	7M	5M	4M	5M	3M
Common Stock Repurchased	-1,504M	-2,526M	-1,712M	-1,537M	-2,547M	-1,815M	-2,190M	-1,833M	-2,247M	-1,727M	-1,426M	-1,071M	-1,534M	-629M	-254M	-99M	-72M	-376M	-1,106M	-618M	-351M	-330M	-50M	-52M	-27M	-22M	-37M	-33M	-12M	-17M	-1M
Net Common Stock Issuance	-1,387M	-1,991M	-950M	-1,019M	-727M	-254M	-456M	-509M	-350M	-403M	-381M	-262M	-154M	-20M	-50M	246M	1,033M	236M	-765M	-277M	-219M	-156M	-111M	-226M	-146M	-206M	-142M	-81M	-101M	-78M	-32M
Net Preferred Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	49M	0M	40M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Dividends Paid	-2,512M	-3,563M	-4,517M	-4,503M	-3,673M	-3,430M	-3,299M	-1,912M	-3,717M	-2,763M	-2,259M	-2,151M	-1,961M	-1,862M	-799M	-753M	-705M	-1,296M	-1,065M	-914M	-618M	-491M	-449M	-417M	-401M	-287M	-211M	-172M	-147M	-104M	-85M
Common Dividends Paid	-2,445M	-3,523M	-4,371M	-4,473M	-3,654M	-3,413M	-3,291M	-1,901M	-3,575M	-2,728M	-2,199M	-2,154M	-1,727M	-1,663M	-796M	-702M	-666M	-1,274M	-1,129M	-921M	-638M	-501M	-430M	-400M	-398M	-279M	-207M	-179M	-143M	-99M	-81M
Preferred Dividends Paid	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Other Financing Activities	6,588M	4,843M	968M	-643M	9,721M	21,176M	5,029M	6,876M	8,719M	8,564M	6,412M	2,297M	1,942M	7,076M	677M	1,415M	141M	2,722M	2,896M	1,385M	2,009M	1,878M	1,591M	2,222M	2,390M	2,116M	424M	416M	358M	248M	242M
Net Cash from Financing	7,180M	6,014M	-3,035M	-4,369M	8,650M	19,997M	3,974M	5,272M	7,596M	7,397M	3,097M	1,179M	643M	1,785M	219M	1,263M	-971M	1,847M	3,650M	4,062M	5,287M	4,355M	2,540M	2,084M	2,361M	3,078M	1,465M	850M	622M	255M	524M
Effect of FX on Cash	44M	-106M	246M	-830M	-1,003M	270M	4M	-149M	174M	-100M	-157M	-156M	-272M	92M	-108M	-11M	-35M	-120M	-45M	-7M	-3M	-1M	-18M	0M	0M	-1M	0M	0M	0M	-1M	-2M
Net Change in Cash	-338M	-8,659M	6,670M	-3,422M	6,477M	29,698M	-488M	1,159M	11,310M	7,007M	2,086M	104M	-3,455M	1,701M	4,102M	345M	-184M	2,260M	1,851M	934M	824M	699M	398M	121M	467M	123M	65M	16M	84M	-117M	-175M
Cash at Beginning of Period	35,141M	87,976M	107,489M	98,223M	94,763M	62,064M	62,258M	67,649M	54,513M	34,009M	24,936M	25,903M	32,278M	27,665M	15,770M	14,085M	13,551M	10,844M	9,419M	8,740M	7,616M	6,995M	4,427M	3,709M	2,722M	1,892M	1,280M	1,169M	681M	588M	527M
Cash at End of Period	23,806M	72,778M	120,626M	95,874M	99,552M	92,644M	60,629M	65,950M	61,060M	56,679M	27,452M	25,088M	27,358M	32,367M	21,652M	15,107M	14,649M	13,525M	11,150M	9,630M	8,596M	7,454M	4,660M	4,322M	3,495M	1,994M	1,330M	1,110M	898M	608M	624M
Operating Cash Flow	9,565M	1,532M	14,236M	17,271M	21,619M	17,077M	16,376M	16,864M	8,431M	16,872M	19,402M	14,833M	16,435M	10,359M	9,335M	5,357M	4,013M	7,229M	4,795M	2,989M	2,551M	2,935M	3,498M	3,197M	1,180M	1,609M	1,052M	573M	486M	557M	389M
Capital Expenditure	-990M	-1,346M	-3,211M	-2,847M	-2,511M	-2,288M	-2,817M	-2,834M	-1,905M	-2,050M	-1,816M	-2,332M	-1,979M	-1,689M	-728M	-623M	-690M	-792M	-763M	-521M	-462M	-315M	-260M	-266M	-317M	-222M	-183M	-143M	-127M	-77M	-42M
Free Cash Flow	8,115M	-30M	7,875M	11,554M	18,000M	13,787M	12,540M	11,643M	4,576M	12,314M	15,958M	10,866M	13,462M	8,023M	8,538M	4,792M	3,249M	6,199M	3,476M	2,084M	1,543M	2,475M	3,200M	2,903M	903M	1,387M	901M	453M	307M	450M	316M
Income Taxes Paid	82M	410M	14M	144M	172M	172M	51M	83M	62M	99M	81M	0M	129M	95M	181M	209M	90M	204M	224M	161M	150M	67M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Paid	4,477M	8,314M	177M	74M	155M	251M	251M	233M	261M	151M	87M	2M	89M	80M	605M	691M	815M	712M	1,029M	1,027M	449M	162M	0M	0M	0M	0M	0M	0M	0M	0M	0M

Sector 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	43,444M	39,555M	52,349M	48,385M	52,663M	45,460M	53,623M	41,217M	45,984M	46,402M	39,608M	39,888M	41,658M	38,357M	21,108M	20,582M	19,784M	12,452M	18,691M	19,070M	16,039M	14,159M	10,903M	8,886M	7,618M	6,508M	4,162M	3,064M	2,597M	2,029M	1,616M
(-) Tax Adjustment	8,254M	6,680M	8,174M	9,835M	8,469M	9,039M	10,578M	9,023M	16,094M	13,294M	11,040M	12,290M	11,629M	10,517M	5,186M	4,979M	4,507M	1,552M	4,409M	5,081M	4,301M	4,092M	3,393M	2,677M	1,995M	1,799M	1,224M	968M	773M	590M	465M
(-) Change in Working Capital	-1,146M	-9,705M	689M	-2,962M	-4,638M	5,298M	-1,828M	-2,451M	-8,024M	988M	1,272M	3,688M	-410M	541M	2,801M	860M	-832M	618M	675M	-620M	-552M	269M	539M	514M	-81M	-144M	7M	-37M	-13M	16M	22M
(-) Capital Expenditure	990M	1,346M	3,211M	2,847M	2,511M	2,288M	2,817M	2,834M	1,905M	2,050M	1,816M	2,332M	1,979M	1,689M	728M	623M	690M	792M	763M	521M	462M	315M	260M	266M	317M	222M	183M	143M	127M	77M	42M
Unlevered Free Cash Flow	35,346M	41,234M	40,276M	38,665M	46,321M	28,836M	42,055M	31,811M	36,008M	30,069M	25,479M	21,578M	28,460M	25,610M	12,393M	14,120M	15,419M	9,490M	12,843M	14,088M	11,828M	9,483M	6,711M	5,428M	5,387M	4,631M	2,749M	1,990M	1,711M	1,345M	1,088M
(-) Net Interest Income After Taxes	6,740M	7,418M	5,740M	6,423M	7,427M	6,222M	4,183M	4,407M	3,344M	4,494M	4,667M	3,872M	3,776M	4,002M	4,586M	3,912M	3,659M	4,417M	4,998M	3,693M	2,395M	2,626M	1,544M	1,522M	1,168M	944M	799M	471M	558M	354M	351M
Net Debt Issuance	3,411M	3,915M	1,362M	3,310M	4,149M	1,492M	1,159M	1,266M	1,518M	945M	576M	1,291M	4M	107M	-38M	289M	-1,387M	-57M	2,947M	2,126M	2,768M	1,693M	1,103M	303M	821M	709M	959M	449M	422M	129M	212M
Levered Free Cash Flow	32,016M	37,731M	35,897M	35,551M	43,043M	24,106M	39,031M	28,670M	34,183M	26,520M	21,388M	18,997M	24,688M	21,715M	7,769M	10,497M	10,373M	5,016M	10,792M	12,521M	12,201M	8,550M	6,269M	4,209M	5,040M	4,395M	2,909M	1,968M	1,575M	1,121M	949M