BAM
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 40.74 | 35.87 | 5.93 | 13.01 |
| Price to Sales | 47.24 | 40.77 | 8.72 | |
| Book Value Per Common Share | 7.73 | 5.34 | 6.00 | 24.51 |
| Price to Book | 7.01 | 7.52 | 4.78 | 2.46 |
| Price to Operating Cash Flow | 36.32 | 30.74 | -30.37 | 16.85 |
| Price to Free Cash Flow | 36.32 | 30.74 | -29.35 | 17.27 |
| Enterprise Value to EBITDA | 336377.26 | 299162.89 | 3245247.53 | 64964.90 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 126.53 | 145.47 | 134.58 | 129.02 | 139.09 |
| Price to Sales | 80.36 | 73.69 | 72.46 | 189.74 | 71.83 |
| Book Value Per Common Share | 5.25 | 5.25 | 5.26 | 7.73 | 7.67 |
| Price to Book | 10.85 | 10.53 | 9.20 | 7.01 | 6.17 |
| Price to Operating Cash Flow | 122.95 | 160.60 | 295.07 | -26.82 | 134.54 |
| Price to Free Cash Flow | 122.95 | 160.60 | 295.07 | -26.82 | 134.54 |
| Enterprise Value to EBITDA | 1095559.03 | 1231681.20 | 1050116.12 | 1064146.75 | 290558.64 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 18.75 | -76.83 | 4.15 | |
| Revenue YoY | 25.85 | |||
| EBITDA YoY | 29.69 | 1391.43 | -99.06 | |
| Net Profit YoY | 19.96 | 2273.68 | -98.98 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 18.42 | 5.56 | -14.29 | 23.53 | |
| Revenue YoY | -1.13 | 6.86 | 799.17 | -88.70 | |
| EBITDA YoY | 15.75 | -2.69 | 247.66 | -68.67 | |
| Net Profit YoY | 16.77 | 6.71 | 212.37 | -65.81 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 0.03 | 0.02 | 0.00 | 6.19 |
| Quick Ratio | 0.88 | 0.80 | 1.00 | 0.96 |
| Current Ratio | 0.88 | 0.80 | 1.00 | 0.96 |
| Debt to Equity | 0.34 | 0.54 | 0.33 | 0.78 |
| Long-Term Debt to Equity | 0.05 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.66 | 0.31 | 0.21 | 0.03 | 0.01 |
| Quick Ratio | 2.19 | 1.55 | 1.68 | 0.88 | 0.87 |
| Current Ratio | 2.19 | 1.55 | 1.68 | 0.88 | 0.87 |
| Debt to Equity | 0.55 | 0.46 | 0.37 | 0.34 | 0.33 |
| Long-Term Debt to Equity | 0.27 | 0.11 | 0.06 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 12.33 | 14.07 | 0.60 | 7.29 |
| ROE | 16.50 | 21.63 | 0.80 | 12.98 |
| Gross Margin | 23.65 | 14.88 | 74.78 | |
| Operating Margin | 140.46 | 136.29 | 133.86 | |
| EBITDA Margin | 140.46 | 136.29 | 134.25 | |
| Net Profit Margin | 112.24 | 117.75 | 67.04 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 4.38 | 3.84 | 3.88 | 4.24 | 12.58 |
| ROE | 6.78 | 5.62 | 5.33 | 5.67 | 16.75 |
| Gross Margin | 66.75 | 64.96 | 76.00 | 20.00 | 69.30 |
| Operating Margin | 72.11 | 61.84 | 68.67 | 178.33 | 63.94 |
| EBITDA Margin | 73.51 | 62.79 | 68.95 | 178.33 | 64.31 |
| Net Profit Margin | 63.51 | 53.77 | 53.85 | 155.00 | 51.22 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 116.45 | 111.97 | 16757.89 | 74.64 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividend Payout Ratio | 97.51 | 113.23 | 121.69 | 113.97 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 4,386,000.00 | 3,205,000.00 | 3,161,000.00 | 25,643,000.00 |
| Current Assets | 980,000.00 | 895,000.00 | 783,000.00 | 10,126,000.00 |
| Cash and Short-Term Investments | 12,000.00 | 9,000.00 | 1,000.00 | 2,494,000.00 |
| Cash and Cash Equivalents | 12,000.00 | 9,000.00 | 1,000.00 | 2,494,000.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 968,000.00 | 886,000.00 | 782,000.00 | 7,592,000.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 40,000.00 |
| Non-Current Assets | 3,406,000.00 | 2,310,000.00 | 2,378,000.00 | 15,517,000.00 |
| Property, Plant, Equipment Net | 0 | 0 | 68,000.00 | 48,000.00 |
| Goodwill | 0 | 0 | 249,000.00 | 249,000.00 |
| Intangible Assets | 0 | 0 | 59,000.00 | 64,000.00 |
| Long-Term Investments | 3,331,000.00 | 2,270,000.00 | 2,378,000.00 | 12,888,000.00 |
| Non-Current Deferred Assets | 0 | 0 | 739,000.00 | 2,268,000.00 |
| Other Non-Current Assets | 0 | 0 | -1,115,000.00 | 0.00 |
| Liabilities | 1,108,000.00 | 1,120,000.00 | 784,000.00 | 11,240,000.00 |
| Current Liabilities | 1,108,000.00 | 1,120,000.00 | 784,000.00 | 10,540,000.00 |
| Payables and Expenses | 889,000.00 | 864,000.00 | 784,000.00 | 10,079,000.00 |
| Account Payables | 879,000.00 | 859,000.00 | 781,000.00 | 561,000.00 |
| Current Accrued Liabilities | 0 | 0 | 991,000.00 | 1,077,000.00 |
| Short-Term Debt | 219,000.00 | 256,000.00 | 3,000.00 | 461,000.00 |
| Other Current Liabilities | 0.00 | 0.00 | -3,000.00 | 0.00 |
| Non-Current Liabilities | 0 | 0 | 0 | 700,000.00 |
| Long-Term Debt | 0 | 0 | 3,000.00 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 17,000.00 | 0 |
| Equity | 3,278,000.00 | 2,085,000.00 | 2,377,000.00 | 14,403,000.00 |
| Shareholders Equity | 3,247,000.00 | 2,076,000.00 | 2,377,000.00 | 9,871,000.00 |
| Capital Stock | 3,475,000.00 | 2,354,000.00 | 2,410,000.00 | 0 |
| Share Premium | 565,000.00 | 403,000.00 | 278,000.00 | 0 |
| Retained Earnings | -143,000.00 | -35,000.00 | 19,000.00 | 0 |
| Treasury Shares | 651,000.00 | 649,000.00 | 330,000.00 | 0 |
| Accumulated Other Comprehensive Income | 1,000.00 | 3,000.00 | 0 | 156,000.00 |
| Minority Interest | 31,000.00 | 9,000.00 | 0 | 4,532,000.00 |
| Debt | 219,000.00 | 256,000.00 | 3,000.00 | 461,000.00 |
| Net Debt | 207,000.00 | 247,000.00 | 2,000.00 | 0 |
| Common Shares Outstanding | 420,238.42 | 388,754.75 | 396,176.01 | 402,725.50 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 482,000.00 | 383,000.00 | 0 | 2,788,000.00 | 0 |
| Cost Of Revenue | 368,000.00 | 326,000.00 | -37,000.00 | 703,000.00 | 0 |
| Interest Expense | 136,000.00 | 71,000.00 | 3,000.00 | 382,000.00 | 0 |
| Non-Interest Expense | 0 | 0 | 1,000.00 | 132,000.00 | 114,000.00 |
| Gross Profit | 114,000.00 | 57,000.00 | 37,000.00 | 2,085,000.00 | 0 |
| Operating Expenses | 7,000.00 | 5,000.00 | 36,000.00 | 18,000.00 | 0 |
| Selling, General and Administrative Expenses | 0 | 0 | 1,000.00 | 132,000.00 | 114,000.00 |
| Other Operating Expenses | 7,000.00 | 5,000.00 | 35,000.00 | -114,000.00 | 0 |
| Operating Income | 107,000.00 | 52,000.00 | 1,000.00 | 2,067,000.00 | 0 |
| Net Non-Operating Income | 0 | 0 | 1,090,000.00 | 1,504,000.00 | -226,000.00 |
| EBT | 541,000.00 | 451,000.00 | 19,000.00 | 3,350,000.00 | 0 |
| Income Tax | 0 | 0 | 627,000.00 | 504,000.00 | 226,000.00 |
| Net Income Including Non-Controlling Interests | 541,000.00 | 451,000.00 | 19,000.00 | 2,846,000.00 | 0 |
| Net Income Non-Controlling Interests | 0 | -2,000.00 | -950,000.00 | -977,000.00 | -175,000.00 |
| Net Income | 541,000.00 | 451,000.00 | 19,000.00 | 1,869,000.00 | 0 |
| EBIT | 677,000.00 | 522,000.00 | 22,000.00 | 3,732,000.00 | 0 |
| Deprecation and Amortization | 0 | 0 | 13,000.00 | 11,000.00 | 7,000.00 |
| EBITDA | 677,000.00 | 522,000.00 | 35,000.00 | 3,743,000.00 | 0 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0 |
| Average Shares Outstanding Basic | 420,238.42 | 388,754.75 | 396,176.01 | 402,725.50 | 0 |
| Average Shares Outstanding Diluted | 420,238.42 | 388,754.75 | 396,176.01 | 402,725.50 | 0 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 627,000.00 | 508,000.00 | -374,000.00 | 1,443,000.00 | 0 |
| Operating Net Income | 541,000.00 | 451,000.00 | 2,865,000.00 | 2,846,000.00 | 0 |
| Deprecation and Amortization | 0 | 0 | 13,000.00 | 11,000.00 | 7,000.00 |
| Deferred Income Tax | 0 | 0 | 336,000.00 | 316,000.00 | 49,000.00 |
| Share Based Compensation | 3,000.00 | 6,000.00 | -48,000.00 | 199,000.00 | 0 |
| Change in Working Capital | -2,000.00 | -5,000.00 | -3,020,000.00 | -246,000.00 | 0 |
| Other Operating Activities | 0 | 0 | -520,000.00 | -1,683,000.00 | 0 |
| Investing Cash Flow | -41,000.00 | -41,000.00 | 1,706,000.00 | -861,000.00 | 0 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | -13,000.00 | -35,000.00 | -20,000.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 1,998,000.00 | -826,000.00 | -739,000.00 |
| Net Purchase/Sale of Business | 0 | 0 | -279,000.00 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0.00 | 0 | 0 |
| Financing Cash Flow | -583,000.00 | -459,000.00 | -280,000.00 | -187,000.00 | 0 |
| Net Issuance/Repayment of Debt | 0 | 0 | -1,440,000.00 | 446,000.00 | 76,000.00 |
| Net Issuance/Repurchase of Equity | -10,000.00 | -323,000.00 | 0 | 0 | 0 |
| Dividends Paid | -630,000.00 | -505,000.00 | -3,184,000.00 | -1,395,000.00 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 3,000.00 | 8,000.00 | 1,052,000.00 | 395,000.00 | 0 |
| Cash at Beginning of Period | 9,000.00 | 1,000.00 | 2,494,000.00 | 2,101,000.00 | 0 |
| Cash at End of Period | 12,000.00 | 9,000.00 | 3,545,000.00 | 2,494,000.00 | 0 |
| Free Cash Flow | 627,000.00 | 508,000.00 | -387,000.00 | 1,408,000.00 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 16,521,000.00 | 16,143,000.00 | 14,966,000.00 | 4,386,000.00 | 4,324,000.00 |
| Current Assets | 6,518,000.00 | 5,961,000.00 | 5,790,000.00 | 980,000.00 | 939,000.00 |
| Cash and Short-Term Investments | 1,062,000.00 | 480,000.00 | 332,000.00 | 12,000.00 | 16,000.00 |
| Cash and Cash Equivalents | 1,062,000.00 | 480,000.00 | 332,000.00 | 12,000.00 | 16,000.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 5,456,000.00 | 5,481,000.00 | 5,458,000.00 | 968,000.00 | 923,000.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Assets | 10,003,000.00 | 10,182,000.00 | 9,176,000.00 | 3,406,000.00 | 3,385,000.00 |
| Property, Plant, Equipment Net | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 8,718,000.00 | 8,958,000.00 | 8,001,000.00 | 3,331,000.00 | 3,309,000.00 |
| Non-Current Deferred Assets | 702,000.00 | 647,000.00 | 613,000.00 | 0 | 0 |
| Other Non-Current Assets | 583,000.00 | 577,000.00 | 562,000.00 | 0 | 0 |
| Liabilities | 5,847,000.00 | 5,113,000.00 | 4,073,000.00 | 1,108,000.00 | 1,076,000.00 |
| Current Liabilities | 2,983,000.00 | 3,854,000.00 | 3,439,000.00 | 1,108,000.00 | 1,076,000.00 |
| Payables and Expenses | 2,530,000.00 | 3,347,000.00 | 3,035,000.00 | 889,000.00 | 866,000.00 |
| Account Payables | 2,495,000.00 | 2,357,000.00 | 2,118,000.00 | 879,000.00 | 858,000.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 453,000.00 | 507,000.00 | 404,000.00 | 219,000.00 | 210,000.00 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 2,864,000.00 | 1,259,000.00 | 634,000.00 | 0 | 0 |
| Long-Term Debt | 2,350,000.00 | 743,000.00 | 235,000.00 | 0 | 0 |
| Other Non-Current Liabilities | 514,000.00 | 516,000.00 | 399,000.00 | 0 | 0 |
| Equity | 10,674,000.00 | 11,030,000.00 | 10,893,000.00 | 3,278,000.00 | 3,248,000.00 |
| Shareholders Equity | 8,461,000.00 | 8,470,000.00 | 8,489,000.00 | 3,247,000.00 | 3,217,000.00 |
| Capital Stock | 9,151,000.00 | 8,929,000.00 | 8,920,000.00 | 3,475,000.00 | 3,474,000.00 |
| Share Premium | 114,000.00 | 60,000.00 | 10,000.00 | 565,000.00 | 537,000.00 |
| Retained Earnings | -704,000.00 | -715,000.00 | -617,000.00 | -143,000.00 | -150,000.00 |
| Treasury Shares | 289,000.00 | 0 | 0 | 651,000.00 | 651,000.00 |
| Accumulated Other Comprehensive Income | 189,000.00 | 196,000.00 | 176,000.00 | 1,000.00 | 7,000.00 |
| Minority Interest | 2,213,000.00 | 2,560,000.00 | 2,404,000.00 | 31,000.00 | 31,000.00 |
| Debt | 2,803,000.00 | 1,250,000.00 | 639,000.00 | 219,000.00 | 210,000.00 |
| Net Debt | 1,741,000.00 | 770,000.00 | 307,000.00 | 207,000.00 | 194,000.00 |
| Common Shares Outstanding | 1,612,358.14 | 1,613,126.66 | 1,612,561.58 | 420,238.42 | 419,647.61 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 1,140,000.00 | 1,153,000.00 | 1,079,000.00 | 120,000.00 | 1,062,000.00 | 0 |
| Cost Of Revenue | 379,000.00 | 404,000.00 | 259,000.00 | 96,000.00 | 326,000.00 | 0 |
| Interest Income | 46,000.00 | 1,000.00 | 0 | 0 | 0 | 64,000.00 |
| Interest Expense | 52,000.00 | 54,000.00 | 159,000.00 | 28,000.00 | 46,000.00 | 0 |
| Non-Interest Expense | 23,000.00 | 18,000.00 | 6,000.00 | 0 | 20,000.00 | 13,000.00 |
| Gross Profit | 761,000.00 | 749,000.00 | 820,000.00 | 24,000.00 | 736,000.00 | 0 |
| Operating Expenses | -2,000.00 | 163,000.00 | 82,000.00 | 2,000.00 | 49,000.00 | 0 |
| Selling, General and Administrative Expenses | 23,000.00 | 18,000.00 | 6,000.00 | 0 | 20,000.00 | 13,000.00 |
| Other Operating Expenses | -25,000.00 | 145,000.00 | 76,000.00 | 2,000.00 | 29,000.00 | 0 |
| Operating Income | 763,000.00 | 586,000.00 | 738,000.00 | 22,000.00 | 687,000.00 | 0 |
| Net Non-Operating Income | -97,000.00 | -55,000.00 | -55,000.00 | 0 | -69,000.00 | 24,000.00 |
| EBT | 770,000.00 | 659,000.00 | 582,000.00 | 186,000.00 | 633,000.00 | 0 |
| Income Tax | 78,000.00 | 75,000.00 | 75,000.00 | 0 | 96,000.00 | 142,000.00 |
| Net Income Including Non-Controlling Interests | 692,000.00 | 584,000.00 | 507,000.00 | 186,000.00 | 537,000.00 | 0 |
| Net Income Non-Controlling Interests | 32,000.00 | 36,000.00 | 74,000.00 | 0 | 7,000.00 | -23,000.00 |
| Net Income | 724,000.00 | 620,000.00 | 581,000.00 | 186,000.00 | 544,000.00 | 0 |
| EBIT | 822,000.00 | 713,000.00 | 741,000.00 | 214,000.00 | 679,000.00 | 0 |
| Deprecation and Amortization | 16,000.00 | 11,000.00 | 3,000.00 | 0 | 4,000.00 | 3,000.00 |
| EBITDA | 838,000.00 | 724,000.00 | 744,000.00 | 214,000.00 | 683,000.00 | 0 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0 |
| Average Shares Outstanding Basic | 1,608,888.89 | 1,536,842.10 | 1,613,888.89 | 420,238.42 | 1,613,000.00 | 0 |
| Average Shares Outstanding Diluted | 1,645,454.54 | 1,536,842.10 | 1,613,888.89 | 420,238.42 | 1,621,800.00 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 745,000.00 | 529,000.00 | 265,000.00 | -849,000.00 | 567,000.00 |
| Operating Net Income | 692,000.00 | 584,000.00 | 507,000.00 | -887,000.00 | 537,000.00 |
| Deprecation and Amortization | 16,000.00 | 11,000.00 | 3,000.00 | 0 | 4,000.00 |
| Deferred Income Tax | -5,000.00 | 0 | -4,000.00 | 0 | 5,000.00 |
| Share Based Compensation | 32,000.00 | 27,000.00 | 35,000.00 | -78,000.00 | 42,000.00 |
| Change in Working Capital | 85,000.00 | 256,000.00 | -447,000.00 | 280,000.00 | -79,000.00 |
| Other Operating Activities | -75,000.00 | -349,000.00 | 171,000.00 | 0 | 58,000.00 |
| Investing Cash Flow | -8,000.00 | -490,000.00 | 84,000.00 | 1,740,000.00 | -1,323,000.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | -56,000.00 | -519,000.00 | 24,000.00 | 0 | -1,317,000.00 |
| Net Purchase/Sale of Business | 52,000.00 | 0 | 6,000.00 | 0 | 0 |
| Other Investing Activities | -4,000.00 | 29,000.00 | 54,000.00 | 0 | -6,000.00 |
| Financing Cash Flow | -161,000.00 | 108,000.00 | -422,000.00 | 877,000.00 | -277,000.00 |
| Net Issuance/Repayment of Debt | 750,000.00 | 617,000.00 | 389,000.00 | 0 | 351,000.00 |
| Net Issuance/Repurchase of Equity | -69,000.00 | 25,000.00 | 0 | 0 | 0 |
| Dividends Paid | -706,000.00 | -702,000.00 | -707,000.00 | 1,229,000.00 | -620,000.00 |
| Other Financing Activities | -136,000.00 | 168,000.00 | 0 | 0 | -8,000.00 |
| Net Change in Cash | 576,000.00 | 147,000.00 | -73,000.00 | 1,768,000.00 | -1,033,000.00 |
| Cash at Beginning of Period | 480,000.00 | 332,000.00 | 404,000.00 | 903,000.00 | 1,931,000.00 |
| Cash at End of Period | 1,062,000.00 | 480,000.00 | 332,000.00 | 12,000.00 | 903,000.00 |
| Free Cash Flow | 745,000.00 | 529,000.00 | 265,000.00 | -849,000.00 | 567,000.00 |