Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings
Price to Sales 6.78
Book Value Per Common Share 3.62 3.58 5.50 7.47
Price to Book 1.91 1.58 1.38 2.73
Price to Operating Cash Flow 12.21 -6.63 -3.89 -16.01
Price to Free Cash Flow 13.50 -4.62 -3.41 -13.75
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Price to Earnings -22.45 -30.07
Price to Sales 47.81 15.98 4.49 47.15 56.75 398.31
Book Value Per Common Share 3.98 4.34 4.47 3.62 3.35 3.66 3.04 3.58 4.94 5.50 6.02 6.47 6.99 7.47 7.94 8.00
Price to Book 1.86 1.04 1.04 1.91 1.58 1.02 2.32 1.58 1.58 1.38 1.36 1.49 2.01 2.73 2.80 2.84
Price to Operating Cash Flow 6.08 -10.67 -8.38 -11.11 -16.42 -23.86
Price to Free Cash Flow 6.12 -10.18 -8.10 -10.72 -11.80 -22.47
Enterprise Value to EBITDA 57361.45

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Earning YoY
Revenue YoY -44.95 -72.69 40.04 96.29 341.26
EBITDA YoY 181.71
Net Profit YoY 248.92

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 3.03 2.49 1.18 7.44
Quick Ratio
Current Ratio 2.40 5.07 10.79 20.96
Debt to Equity 0.97 0.69 0.26 0.05
Long-Term Debt to Equity 0.26 0.43 0.17 0.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Cash Per Common Share 4.75 3.54 0.96 3.65 1.53 1.53 1.66 2.55 1.07 1.13 2.43 2.22 2.97 7.44 7.90 8.01
Quick Ratio 6.45 7.00 2.78
Current Ratio 6.54 7.16 5.61 2.40 6.03 6.56 4.82 5.07 11.73 10.79 13.55 20.11 25.65 20.96 29.08 33.20
Debt to Equity 0.87 0.34 0.43 0.97 0.53 0.53 0.75 0.69 0.27 0.26 0.23 0.21 0.06 0.05 0.04 0.03
Long-Term Debt to Equity 0.62 0.19 0.21 0.26 0.33 0.34 0.48 0.43 0.18 0.17 0.15 0.16 0.02 0.01 0.01 0.00

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -16.57 -44.56 -31.69 -20.19
ROE -32.61 -75.51 -39.98 -21.28
Gross Margin
Operating Margin -92.74
EBITDA Margin -82.00
Net Profit Margin -96.14
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30
ROA -5.89 -3.42 11.92 -7.57 -8.81 -11.98 -10.37 -7.64 -7.25 -6.92 -5.17 -4.99
ROE -11.02 -4.59 17.04 -11.61 -13.49 -20.96 -13.15 -9.38 -8.76 -7.34 -5.37 -5.16
Gross Margin
Operating Margin -258.26 -67.06 56.17 -258.12 -640.21 -2996.71
EBITDA Margin -241.85 -57.90 58.58 -235.30 -596.34 -2818.42
Net Profit Margin -212.10 -53.01 55.20 -258.89 -645.58 -3004.51

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 438,732.00 303,755.00 342,389.00 366,329.00
   Current Assets 377,440.00 236,212.00 275,886.00 348,666.00
      Cash and Short-Term Investments 224,254.00 128,101.00 55,872.00 346,071.00
            Cash and Cash Equivalents 224,254.00 128,101.00 55,872.00 346,071.00
            Short-Term Investments 0 0 0 0
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 153,186.00 108,111.00 220,014.00 2,595.00
   Non-Current Assets 61,292.00 67,543.00 66,503.00 17,663.00
      Property, Plant, Equipment Net 56,314.00 62,611.00 61,907.00 12,325.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 4,978.00 4,932.00 4,596.00 5,338.00
Liabilities 215,796.00 124,505.00 70,976.00 18,814.00
   Current Liabilities 156,946.00 46,592.00 25,569.00 16,638.00
      Payables and Expenses 25,435.00 18,745.00 13,486.00 10,861.00
            Account Payables 17,215.00 11,152.00 7,862.00 6,558.00
            Current Accrued Liabilities 8,220.00 7,593.00 5,624.00 4,303.00
      Short-Term Debt 3,714.00 3,162.00 3,127.00 0
      Other Current Liabilities 127,797.00 24,685.00 8,956.00 5,777.00
   Non-Current Liabilities 58,850.00 77,913.00 45,407.00 2,176.00
      Long-Term Debt 39,001.00 42,877.00 43,874.00 0
      Other Non-Current Liabilities 19,849.00 35,036.00 1,533.00 0
Equity 222,936.00 179,250.00 271,413.00 347,515.00
   Shareholders Equity 222,936.00 179,250.00 271,413.00 347,515.00
      Capital Stock 6.00 5.00 5.00 5.00
      Share Premium 664,874.00 547,857.00 503,696.00 471,566.00
      Retained Earnings -438,588.00 -365,888.00 -230,536.00 -122,035.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -3,356.00 -2,724.00 -1,752.00 -2,021.00
   Minority Interest 0 0 0 0
Investments 147,895.00 104,312.00 207,914.00 0
Debt 42,715.00 46,039.00 47,001.00 0
Common Shares Outstanding 61,507.45 50,140.23 49,323.53 46,535.97
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 75,622.00 0 0 0
Operating Expenses 156,734.00 143,311.00 112,384.00 72,882.00
   Selling, General and Administrative Expenses 35,171.00 32,039.00 27,323.00 15,727.00
   Research and Development Expenses 121,563.00 111,272.00 85,061.00 57,155.00
   Other Operating Expenses 0.00 0.00 0.00 0.00
Operating Income -81,112.00 -143,311.00 -112,384.00 -72,882.00
Net Non-Operating Income 10,982.00 8,297.00 3,883.00 -1,076.00
Interest Expense 0.00 0.00 0.00 0.00
Net Interest 10,566.00 9,334.00 3,764.00 46.00
EBT -70,130.00 -135,014.00 -108,501.00 -73,958.00
Income Tax 2,570.00 338.00 0.00 0.00
Net Income -72,700.00 -135,352.00 -108,501.00 -73,958.00
EBIT -70,130.00 -135,014.00 -108,501.00 -73,958.00
Deprecation and Amortization 8,121.00 6,222.00 3,745.00 2,132.00
EBITDA -62,009.00 -128,792.00 -104,756.00 -71,826.00
EPS 0 0 0 0
Average Shares Outstanding Basic 73,910.03 51,396.96 47,227.37 0
Average Shares Outstanding Diluted 73,910.03 51,396.96 47,227.37 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 41,996.00 -43,802.00 -92,466.00 -59,363.00
   Operating Net Income -72,700.00 -135,352.00 -108,501.00 -73,958.00
   Deprecation and Amortization 8,121.00 6,222.00 3,745.00 2,132.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 18,126.00 16,669.00 11,664.00 5,200.00
   Change in Working Capital 87,026.00 69,097.00 -3,239.00 -1,410.00
   Other Operating Activities 1,423.00 -438.00 3,865.00 8,673.00
Investing Cash Flow -44,452.00 88,801.00 -219,219.00 -9,653.00
   Capital Expenditure -3,988.00 -19,041.00 -12,911.00 -9,732.00
   Net Purchase/Sale of PPE -3,988.00 -18,979.00 -12,802.00 -9,653.00
   Net Purchase/Sale of Investments Net -230,361.00 -57,520.00 -206,417.00 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 193,885.00 184,341.00 12,911.00 9,732.00
Financing Cash Flow 98,892.00 27,492.00 20,466.00 377,562.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 52,532.00 27,608.00 20,830.00 377,793.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 46,360.00 -116.00 -364.00 -231.00
Net Change in Cash 96,436.00 72,491.00 -291,219.00 308,546.00
   Cash at Beginning of Period 132,681.00 60,190.00 351,409.00 42,863.00
   Cash at End of Period 229,117.00 132,681.00 60,190.00 351,409.00
Free Cash Flow 38,008.00 -62,843.00 -105,377.00 -69,095.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Assets 459,841.00 359,586.00 393,199.00 438,732.00 315,080.00 344,114.00 266,746.00 303,755.00 309,028.00 342,389.00 357,603.00 365,056.00 346,005.00 366,329.00 384,049.00 368,941.00
   Current Assets 401,817.00 299,465.00 332,280.00 377,440.00 251,207.00 277,896.00 199,036.00 236,212.00 240,556.00 275,886.00 295,235.00 297,045.00 320,366.00 348,666.00 370,519.00 358,289.00
      Cash and Short-Term Investments 391,258.00 290,594.00 78,530.00 224,254.00 125,575.00 108,847.00 99,752.00 128,101.00 52,807.00 55,872.00 113,354.00 103,664.00 138,305.00 346,071.00 367,034.00 357,060.00
            Cash and Cash Equivalents 208,343.00 69,429.00 78,530.00 224,254.00 125,575.00 108,847.00 99,752.00 128,101.00 52,807.00 55,872.00 113,354.00 103,664.00 138,305.00 346,071.00 367,034.00 357,060.00
            Short-Term Investments 182,915.00 221,165.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 4,965.00 2,370.00 0 0 0 9,000.00 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 5,594.00 6,501.00 253,750.00 153,186.00 125,632.00 160,049.00 99,284.00 108,111.00 187,749.00 220,014.00 181,881.00 193,381.00 182,061.00 2,595.00 3,485.00 1,229.00
   Non-Current Assets 58,024.00 60,121.00 60,919.00 61,292.00 63,873.00 66,218.00 67,710.00 67,543.00 68,472.00 66,503.00 62,368.00 68,011.00 25,639.00 17,663.00 13,530.00 10,652.00
      Property, Plant, Equipment Net 52,663.00 54,726.00 55,599.00 56,314.00 58,806.00 61,143.00 62,458.00 62,611.00 63,800.00 61,907.00 57,918.00 62,307.00 13,396.00 12,325.00 11,801.00 8,923.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 5,361.00 5,395.00 5,320.00 4,978.00 5,067.00 5,075.00 5,252.00 4,932.00 4,672.00 4,596.00 4,450.00 5,704.00 12,243.00 5,338.00 1,729.00 1,729.00
Liabilities 214,004.00 91,506.00 118,039.00 215,796.00 109,623.00 119,443.00 114,227.00 124,505.00 65,302.00 70,976.00 66,511.00 63,006.00 20,130.00 18,814.00 14,744.00 12,263.00
   Current Liabilities 61,443.00 41,852.00 59,216.00 156,946.00 41,641.00 42,348.00 41,293.00 46,592.00 20,515.00 25,569.00 21,790.00 14,773.00 12,490.00 16,638.00 12,743.00 10,791.00
      Payables and Expenses 23,498.00 12,706.00 10,330.00 25,435.00 10,681.00 11,616.00 10,367.00 18,745.00 10,555.00 13,486.00 9,753.00 4,294.00 4,511.00 10,861.00 3,530.00 7,463.00
            Account Payables 14,509.00 5,581.00 6,489.00 17,215.00 3,978.00 6,473.00 6,828.00 11,152.00 7,382.00 7,862.00 9,753.00 4,294.00 4,511.00 6,558.00 3,530.00 7,463.00
            Current Accrued Liabilities 8,989.00 7,125.00 3,841.00 8,220.00 6,703.00 5,143.00 3,539.00 7,593.00 3,173.00 5,624.00 0 0 0 4,303.00 0 0
      Short-Term Debt 4,241.00 4,094.00 3,865.00 3,714.00 3,646.00 3,471.00 3,345.00 3,162.00 2,890.00 3,127.00 3,065.00 2,662.00 0 0 0 0
      Other Current Liabilities 33,704.00 25,052.00 45,021.00 127,797.00 27,314.00 27,261.00 27,581.00 24,685.00 7,070.00 8,956.00 8,972.00 7,817.00 7,979.00 5,777.00 9,213.00 3,328.00
   Non-Current Liabilities 152,561.00 49,654.00 58,823.00 58,850.00 67,982.00 77,095.00 72,934.00 77,913.00 44,787.00 45,407.00 44,721.00 48,233.00 7,640.00 2,176.00 2,001.00 1,472.00
      Long-Term Debt 35,927.00 37,037.00 37,999.00 39,001.00 40,052.00 40,885.00 41,837.00 42,877.00 43,275.00 43,874.00 42,593.00 46,095.00 5,457.00 0 0 0
      Other Non-Current Liabilities 116,634.00 12,617.00 20,824.00 19,849.00 27,930.00 36,210.00 31,097.00 35,036.00 1,512.00 1,533.00 2,128.00 2,138.00 2,183.00 0 0 0
Equity 245,837.00 268,080.00 275,160.00 222,936.00 205,457.00 224,671.00 152,519.00 179,250.00 243,726.00 271,413.00 291,092.00 302,050.00 325,875.00 347,515.00 369,305.00 356,678.00
   Shareholders Equity 245,837.00 268,080.00 275,160.00 222,936.00 205,457.00 224,671.00 152,519.00 179,250.00 243,726.00 271,413.00 291,092.00 302,050.00 325,875.00 347,515.00 369,305.00 356,678.00
      Capital Stock 6.00 6.00 6.00 6.00 6.00 6.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 4.00
      Share Premium 680,157.00 675,445.00 670,186.00 664,874.00 659,798.00 655,501.00 553,063.00 547,857.00 507,688.00 503,696.00 493,443.00 476,939.00 473,970.00 471,566.00 469,845.00 436,847.00
      Retained Earnings -431,079.00 -403,998.00 -391,703.00 -438,588.00 -452,025.00 -428,166.00 -397,856.00 -365,888.00 -262,574.00 -230,536.00 -199,754.00 -172,436.00 -145,967.00 -122,035.00 -98,595.00 -78,758.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -3,247.00 -3,373.00 -3,329.00 -3,356.00 -2,322.00 -2,670.00 -2,693.00 -2,724.00 -1,393.00 -1,752.00 -2,602.00 -2,458.00 -2,133.00 -2,021.00 -1,950.00 -1,415.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 247,544.00 147,895.00 116,611.00 153,358.00 93,140.00 104,312.00 179,887.00 207,914.00 159,755.00 190,481.00 178,858.00 0 0 0
Debt 40,168.00 41,131.00 41,864.00 42,715.00 43,698.00 44,356.00 45,182.00 46,039.00 46,165.00 47,001.00 45,658.00 48,757.00 5,457.00 0 0 0
Common Shares Outstanding 61,790.24 61,717.35 61,509.82 61,507.45 61,377.48 61,328.28 50,200.30 50,140.23 49,360.98 49,323.53 48,372.78 46,684.66 46,630.71 46,535.97 46,483.92 44,603.73
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30
Revenues 12,768.00 23,194.00 84,929.00 60,647.00 9,216.00 4,695.00 1,064.00 0 0 0 0 0 0 0
Interest Income 2,746.00 3,068.00 0 0 0 0 0 0 0 0 0 0 0 0
Interest Expense 0 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 0 0 3,439.00 2,595.00 2,892.00 2,637.00 2,442.00 2,437.00 1,990.00 997.00 628.00 149.00 13.00 14.00
Non-Interest Expense 9,065.00 8,095.00 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 45,743.00 38,748.00 40,893.00 47,643.00 35,743.00 37,337.00 36,011.00 34,259.00 32,489.00 28,362.00 27,231.00 24,302.00 19,868.00 18,123.00
   Selling, General and Administrative Expenses 9,065.00 8,095.00 8,703.00 8,777.00 8,127.00 9,282.00 8,985.00 7,504.00 7,621.00 7,020.00 6,295.00 6,387.00 4,753.00 3,486.00
   Research and Development Expenses 36,678.00 30,653.00 32,190.00 38,866.00 27,616.00 28,055.00 27,026.00 26,755.00 24,868.00 21,342.00 20,936.00 17,915.00 15,115.00 14,637.00
   Other Operating Expenses 0 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Income -32,975.00 -15,554.00 44,036.00 13,004.00 -26,527.00 -32,642.00 -34,947.00 -34,259.00 -32,489.00 -28,362.00 -27,231.00 -24,302.00 -19,868.00 -18,123.00
Net Non-Operating Income 0 0 3,671.00 2,597.00 2,739.00 2,584.00 3,062.00 2,221.00 1,707.00 1,044.00 762.00 370.00 31.00 -282.00
EBT -30,258.00 -11,096.00 47,707.00 15,601.00 -23,788.00 -30,058.00 -31,885.00 -32,038.00 -30,782.00 -27,318.00 -26,469.00 -23,932.00 -19,837.00 -18,405.00
Income Tax -3,177.00 1,199.00 822.00 2,164.00 71.00 252.00 83.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -27,081.00 -12,295.00 0 0 0 0 0 0 0 0 0 0 0 0
Net Income -27,081.00 -12,295.00 46,885.00 13,437.00 -23,859.00 -30,310.00 -31,968.00 -32,038.00 -30,782.00 -27,318.00 -26,469.00 -23,932.00 -19,837.00 -18,405.00
EBIT -32,975.00 -15,554.00 47,707.00 15,601.00 -23,788.00 -30,058.00 -31,885.00 -32,038.00 -30,782.00 -27,318.00 -26,469.00 -23,932.00 -19,837.00 -18,405.00
Deprecation and Amortization 2,095.00 2,125.00 2,048.00 2,061.00 2,103.00 2,060.00 1,897.00 1,151.00 1,092.00 1,100.00 800.00 753.00 0.00 0.00
EBITDA -30,880.00 -13,429.00 49,755.00 17,662.00 -21,685.00 -27,998.00 -29,988.00 -30,887.00 -29,690.00 -26,218.00 -25,669.00 -23,179.00 0 0
EPS -0.00 -0.00 0 0.00 0 0 0 0 0.00 0 0 0 0 0
Diluted EPS -0.00 -0.00 0 0.00 0 0 0 0 0.00 0 0 0 0 0
Average Shares Outstanding Basic 82,397.75 82,186.77 82,148.72 82,238.26 82,011.67 71,233.99 60,156.19 49,347.47 95,508.76 46,732.35 46,668.37 0 0 0
Average Shares Outstanding Diluted 82,397.75 82,186.77 82,956.42 82,238.26 82,011.67 71,233.99 60,156.19 49,347.47 95,508.76 46,732.35 46,668.37 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30
Operating Cash Flow 100,428.00 -34,720.00 -45,492.00 80,161.00 0 0 -38,165.00 -23,406.00 -65,062.00 0 0 -27,404.00 0 0
   Operating Net Income -27,081.00 -12,295.00 46,885.00 -40,732.00 0 0 -31,968.00 -32,038.00 -84,569.00 0 0 -23,932.00 0 0
   Deprecation and Amortization 2,095.00 2,125.00 2,048.00 2,061.00 2,103.00 2,060.00 1,897.00 1,151.00 1,092.00 1,100.00 800.00 753.00 0 0
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 4,364.00 4,894.00 5,298.00 13,253.00 0 0 4,873.00 3,974.00 9,413.00 0 0 2,251.00 0 0
   Change in Working Capital 121,516.00 -28,707.00 -96,336.00 95,928.00 0 0 -8,902.00 7,934.00 -72.00 0 0 -3,167.00 0 0
   Other Operating Activities -466.00 -737.00 -3,387.00 5,488.00 0 0 -4,065.00 -4,427.00 7,174.00 0 0 -3,309.00 0 0
Investing Cash Flow 38,138.00 25,324.00 -100,229.00 -54,305.00 0 0 9,853.00 20,326.00 -38,699.00 0 0 -180,520.00 0 0
   Capital Expenditure 0 0 -1,587.00 -2,604.00 0.00 0.00 -1,384.00 -9,181.00 -11,224.00 0.00 0.00 -1,687.00 0.00 0.00
   Net Purchase/Sale of PPE -651.00 -1,695.00 -1,587.00 -2,604.00 0 0 -1,384.00 -9,181.00 -11,240.00 0 0 -1,562.00 0 0
   Net Purchase/Sale of Investments Net 38,789.00 27,019.00 -138,014.00 -174,293.00 0 0 -56,068.00 -22,193.00 -27,459.00 0 0 -178,958.00 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0.00 0.00 40,959.00 125,196.00 0 0 68,689.00 60,881.00 11,224.00 0 0 1,687.00 0 0
Financing Cash Flow 348.00 365.00 14.00 98,646.00 0 0 246.00 18.00 20,313.00 0 0 153.00 0 0
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 14.00 52,286.00 0 0 246.00 18.00 20,677.00 0 0 153.00 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 348.00 0 0.00 46,360.00 0 0 0.00 0.00 -364.00 0 0 0.00 0 0
Net Change in Cash 138,914.00 -9,031.00 -145,707.00 124,502.00 0 0 -28,066.00 -3,062.00 -83,448.00 0 0 -207,771.00 0 0
   Cash at Beginning of Period 74,379.00 83,410.00 229,117.00 104,615.00 0 0 132,681.00 60,190.00 143,638.00 0 0 351,409.00 0 0
   Cash at End of Period 213,293.00 74,379.00 83,410.00 229,117.00 130,483.00 113,713.00 104,615.00 57,128.00 60,190.00 117,656.00 108,984.00 143,638.00 368,763.00 358,789.00
Free Cash Flow 99,777.00 -36,415.00 -47,079.00 77,557.00 0 0 -39,549.00 -32,587.00 -76,286.00 0 0 -29,091.00 0 0