Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -20.29 -1.86 -0.59 -31.76
Price to Sales 0.17 0.17 0.14 5.67 19.66
Book Value Per Common Share 24.23 24.86 31.82 3.33 4.52
Price to Book 0.55 0.54 0.33 17.06 45.35
Price to Operating Cash Flow -6.18 1.14 1.45 -20.15 -151.03
Price to Free Cash Flow -3.78 1.30 1.86 -18.90 -133.99
Enterprise Value to EBITDA 7520.94 44096.91 5019890.51
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Price to Earnings -0.41 -1.09 -23.60 16.17 -10.11 -14.54 -147.50
Price to Sales 1.99 0.64 0.58 0.80 0.55 0.80 7.60 79.30
Book Value Per Common Share 7.74 22.00 23.29 26.09 23.25 29.39 3.11 4.82
Price to Book 0.62 0.25 0.53 0.36 0.45 0.55 5.70 36.38
Price to Operating Cash Flow -2.09 -1.59 -10.26 -7.73 8.16 7.13 37.75 518.94
Price to Free Cash Flow -1.95 -1.48 -8.24 -5.74 12.83 8.00 42.42 589.61
Enterprise Value to EBITDA 36617.64 15606.92 42977.01 67347.35 10310376.82 6051864.13

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 8.74 16.31 -40.54 21.09
EBITDA YoY 532.09
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Earning YoY
Revenue YoY -63.65 -57.44 86.80 -36.27 1.33 -32.31 32.53
EBITDA YoY -42.87 156.06 9.64 986.67 -92.54
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 4.10 9.77 1.95 0.80 1.71
Quick Ratio 0.13 0.25 0.08 0.47 1.34
Current Ratio 1.18 1.29 1.56 1.98 3.08
Debt to Equity 2.25 2.30 1.80 1.32 0.51
Long-Term Debt to Equity 1.51 1.48 1.36 1.07 0.42
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Cash Per Common Share 2.27 3.29 2.14 3.53 10.07 3.61 1.12 1.88
Quick Ratio 1.54 1.42 0.12 1.11 0.36 0.28 1.20 1.97
Current Ratio 1.64 1.56 1.12 1.18 1.32 1.79 2.78 3.22
Debt to Equity 20.04 2.93 2.06 2.38 2.20 1.70 1.28 0.50
Long-Term Debt to Equity 16.46 2.37 1.55 1.67 1.51 1.33 1.12 0.43

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -0.20 -4.22 -8.96 -9.15 -2.10
ROE -0.64 -13.90 -25.13 -21.22 -3.16
Gross Margin 83.65 78.36 70.29 77.47 77.30
Operating Margin 8.49 -11.11 -50.43 -47.13 -7.32
EBITDA Margin 22.25 3.83 -32.85 -36.54 3.92
Net Profit Margin -0.37 -8.61 -23.54 -17.82 -5.05
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
ROA -16.19 -4.21 -0.32 0.44 -0.66 -0.59 -0.69 -0.10
ROE -340.67 -16.54 -0.98 1.47 -2.11 -1.60 -1.57 -0.15
Gross Margin 41.22 65.54 82.23 83.36 79.52 75.18 74.90 76.31
Operating Margin -847.25 -105.69 3.29 29.12 -1.87 -3.11 -9.38 0.68
EBITDA Margin -768.21 -77.83 15.74 51.45 12.81 11.84 0.74 13.10
Net Profit Margin -488.02 -58.75 -1.99 4.95 -4.97 -5.01 -4.98 -1.02

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 1,488,423.00 1,499,570.00 1,659,290.00 2,068,851.00 2,108,796.00
   Current Assets 400,411.00 476,440.00 414,556.00 428,995.00 391,822.00
      Cash and Short-Term Investments 40,921.00 90,809.00 16,464.00 84,361.00 144,234.00
            Cash and Cash Equivalents 40,921.00 90,809.00 16,464.00 84,361.00 144,234.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 4,452.00 250.00 4,703.00 17,276.00 26,871.00
      Inventory 0 0 0 0 0
      Other Current Assets 355,038.00 385,381.00 393,389.00 327,358.00 220,717.00
   Non-Current Assets 1,088,012.00 1,023,130.00 1,244,734.00 1,639,856.00 1,716,974.00
      Property, Plant, Equipment Net 48,637.00 48,838.00 46,765.00 47,735.00 17,353.00
      Goodwill 0 0 0 0 386,553.00
      Intangible Assets 302,497.00 396,554.00 500,611.00 594,669.00 688,726.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 736,878.00 577,738.00 697,358.00 997,452.00 624,342.00
Liabilities 1,030,023.00 1,044,615.00 1,067,589.00 1,176,361.00 709,641.00
   Current Liabilities 338,052.00 370,013.00 265,455.00 217,067.00 127,371.00
      Payables and Expenses 135,937.00 103,959.00 68,482.00 92,631.00 35,659.00
            Account Payables 14,591.00 17,705.00 15,148.00 39,843.00 8,733.00
            Current Accrued Liabilities 121,346.00 86,254.00 53,334.00 52,788.00 26,926.00
      Short-Term Debt 45,205.00 80,797.00 14,244.00 11,396.00 4,170.00
      Other Current Liabilities 156,910.00 185,257.00 182,729.00 113,040.00 87,542.00
   Non-Current Liabilities 691,971.00 674,602.00 802,134.00 959,294.00 582,270.00
      Long-Term Debt 482,765.00 462,252.00 543,177.00 684,891.00 396,400.00
      Other Non-Current Liabilities 209,206.00 212,350.00 258,957.00 274,403.00 185,870.00
Equity 458,400.00 454,955.00 591,701.00 892,490.00 1,399,155.00
   Shareholders Equity 241,839.00 231,014.00 268,759.00 353,103.00 380,416.00
      Capital Stock 1.00 1.00 1.00 21.00 24.00
      Share Premium 669,346.00 654,059.00 626,269.00 561,447.00 399,169.00
      Retained Earnings -423,208.00 -420,280.00 -357,023.00 -208,317.00 -18,802.00
      Treasury Shares -4,150.00 -2,640.00 -345.00 0 0
      Accumulated Other Comprehensive Income -151.00 -127.00 -144.00 -59.00 17.00
   Minority Interest 163,599.00 174,639.00 273,640.00 539,387.00 1,018,739.00
Debt 527,970.00 543,049.00 557,421.00 696,287.00 400,570.00
Net Debt 487,049.00 452,240.00 540,957.00 611,926.00 256,336.00
Common Shares Outstanding 0 0 0 0 0
Preferred Shares Outstanding 50.00 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 798,894.00 734,671.00 631,675.00 1,062,415.00 877,350.00
Cost Of Revenue 130,612.00 158,961.00 187,670.00 239,335.00 199,202.00
Gross Profit 668,282.00 575,710.00 444,005.00 823,080.00 678,148.00
Operating Expenses 675,329.00 657,391.00 762,671.00 1,312,527.00 742,694.00
   Selling, General and Administrative Expenses 581,272.00 550,647.00 631,085.00 831,918.00 628,938.00
   Other Operating Expenses 94,057.00 106,744.00 131,586.00 480,609.00 113,756.00
Operating Income -7,047.00 -81,681.00 -318,666.00 -489,447.00 -64,546.00
Net Non-Operating Income 1,995.00 -69,435.00 -56,954.00 -44,771.00 -32,611.00
Interest Expense 72,868.00 69,472.00 57,069.00 33,505.00 32,969.00
EBT -5,052.00 -151,116.00 -375,620.00 -534,218.00 -97,157.00
Income Tax 2,267.00 154.00 764.00 24.00 43.00
Net Income Including Non-Controlling Interests -7,319.00 -151,270.00 -376,384.00 -534,194.00 -97,200.00
Net Income Non-Controlling Interests 4,391.00 88,013.00 227,678.00 344,837.00 52,933.00
Net Income -2,928.00 -63,257.00 -148,706.00 -189,357.00 -44,267.00
EBIT 67,816.00 -81,644.00 -318,551.00 -500,713.00 -64,188.00
Deprecation and Amortization 109,929.00 109,764.00 111,019.00 112,540.00 98,552.00
EBITDA 177,745.00 28,120.00 -207,532.00 -388,173.00 34,364.00
EPS -0.00 -0.01 -0.02 -0.00 0
Diluted EPS -0.00 -0.01 -0.02 -0.00 0
Average Shares Outstanding Basic 9,980.00 9,292.00 8,445.00 105,991.00 84,189.00
Average Shares Outstanding Diluted 9,980.00 9,292.00 8,445.00 105,991.00 84,189.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -21,607.00 109,141.00 60,904.00 -299,006.00 -114,217.00
   Operating Net Income -7,319.00 -151,270.00 -376,384.00 -534,194.00 -97,200.00
   Deprecation and Amortization 109,929.00 109,764.00 111,019.00 112,540.00 98,552.00
   Deferred Income Tax 1,718.00 3.00 475.00 -258.00 -190.00
   Share Based Compensation 11,281.00 19,549.00 27,142.00 27,297.00 216,229.00
   Change in Working Capital -26,179.00 167,462.00 223,525.00 -423,705.00 -445,338.00
   Other Operating Activities -111,037.00 -36,367.00 75,127.00 519,314.00 113,730.00
Investing Cash Flow 3,807.00 -13,732.00 -13,512.00 -19,801.00 -14,523.00
   Capital Expenditure -13,729.00 -13,732.00 -13,512.00 -19,801.00 -14,523.00
   Net Purchase/Sale of PPE -13,729.00 -13,732.00 -13,512.00 -19,801.00 -14,523.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 17,536.00 0 0 0 0
   Other Investing Activities 13,729.00 13,732.00 13,512.00 19,801.00 14,523.00
Financing Cash Flow -32,033.00 -21,106.00 -115,051.00 259,089.00 260,663.00
   Net Issuance/Repayment of Debt 2,204.00 -15,336.00 -160,373.00 265,712.00 113,122.00
   Net Issuance/Repurchase of Equity 399.00 91.00 5.00 0 762,407.00
   Dividends Paid 0 3,566.00 0 0 0
   Other Financing Activities -34,636.00 -9,427.00 45,317.00 -6,623.00 -614,866.00
Net Change in Cash -49,888.00 74,345.00 -67,897.00 -59,873.00 131,958.00
   Cash at Beginning of Period 90,809.00 16,464.00 84,361.00 144,234.00 12,276.00
   Cash at End of Period 40,921.00 90,809.00 16,464.00 84,361.00 144,234.00
Free Cash Flow -35,336.00 95,409.00 47,392.00 -318,807.00 -128,740.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Assets 1,030,486.00 1,311,060.00 1,382,067.00 1,488,423.00 1,341,153.00 1,395,258.00 1,499,570.00 1,543,454.00 1,659,290.00 1,962,960.00 2,068,851.00 2,098,375.00 2,108,796.00
   Current Assets 287,462.00 288,802.00 260,914.00 400,411.00 334,043.00 397,097.00 476,440.00 375,461.00 414,556.00 391,762.00 428,995.00 320,789.00 391,822.00
      Cash and Short-Term Investments 32,076.00 35,590.00 22,153.00 40,921.00 35,527.00 97,818.00 90,809.00 32,325.00 16,464.00 129,628.00 84,361.00 173,979.00 144,234.00
            Cash and Cash Equivalents 32,076.00 35,590.00 22,153.00 40,921.00 35,527.00 97,818.00 90,809.00 32,325.00 16,464.00 129,628.00 84,361.00 173,979.00 144,234.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 238,949.00 226,295.00 5,896.00 4,452.00 277,245.00 9,226.00 250.00 26,181.00 4,703.00 40,117.00 17,276.00 22,092.00 26,871.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 16,437.00 26,917.00 232,865.00 355,038.00 21,271.00 290,053.00 385,381.00 316,955.00 393,389.00 222,017.00 327,358.00 124,718.00 220,717.00
   Non-Current Assets 743,024.00 1,022,258.00 1,121,153.00 1,088,012.00 1,007,110.00 998,161.00 1,023,130.00 1,167,993.00 1,244,734.00 1,571,198.00 1,639,856.00 1,777,586.00 1,716,974.00
      Property, Plant, Equipment Net 15,696.00 44,789.00 45,707.00 48,637.00 50,867.00 49,675.00 48,838.00 45,254.00 46,765.00 49,907.00 47,735.00 20,984.00 17,353.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 386,553.00 386,553.00
      Intangible Assets 0 202,469.00 278,983.00 302,497.00 326,011.00 373,040.00 396,554.00 477,097.00 500,611.00 571,154.00 594,669.00 665,211.00 688,726.00
      Long-Term Investments 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
      Other Non-Current Assets 0 775,000.00 796,463.00 736,878.00 630,232.00 575,446.00 577,738.00 645,642.00 697,358.00 950,137.00 997,452.00 704,838.00 624,342.00
Liabilities 981,514.00 977,078.00 931,063.00 1,030,023.00 943,871.00 959,425.00 1,044,615.00 970,853.00 1,067,589.00 1,103,002.00 1,176,361.00 701,369.00 709,641.00
   Current Liabilities 175,682.00 185,003.00 233,399.00 338,052.00 281,971.00 300,003.00 370,013.00 209,810.00 265,455.00 140,889.00 217,067.00 99,647.00 127,371.00
      Payables and Expenses 137,854.00 143,071.00 102,537.00 135,937.00 145,659.00 72,368.00 103,959.00 42,388.00 68,482.00 60,521.00 92,631.00 38,136.00 35,659.00
            Account Payables 76,941.00 82,054.00 20,297.00 14,591.00 96,184.00 5,773.00 17,705.00 11,409.00 15,148.00 25,797.00 39,843.00 11,993.00 8,733.00
            Current Accrued Liabilities 60,913.00 61,017.00 82,240.00 121,346.00 49,475.00 66,595.00 86,254.00 30,979.00 53,334.00 34,724.00 52,788.00 26,143.00 26,926.00
      Short-Term Debt 4,916.00 4,796.00 44,149.00 45,205.00 70,541.00 80,309.00 80,797.00 26,607.00 14,244.00 11,519.00 11,396.00 4,170.00 4,170.00
      Other Current Liabilities 32,912.00 37,136.00 86,713.00 156,910.00 65,771.00 147,326.00 185,257.00 140,815.00 182,729.00 68,849.00 113,040.00 57,341.00 87,542.00
   Non-Current Liabilities 805,832.00 792,075.00 697,664.00 691,971.00 661,900.00 659,422.00 674,602.00 761,043.00 802,134.00 962,113.00 959,294.00 601,722.00 582,270.00
      Long-Term Debt 611,802.00 591,253.00 479,456.00 482,765.00 452,519.00 448,522.00 462,252.00 526,952.00 543,177.00 680,863.00 684,891.00 395,982.00 396,400.00
      Other Non-Current Liabilities 194,030.00 200,822.00 218,208.00 209,206.00 209,381.00 210,900.00 212,350.00 234,091.00 258,957.00 281,250.00 274,403.00 205,740.00 185,870.00
Equity 48,972.00 333,982.00 451,004.00 458,400.00 397,282.00 435,833.00 454,955.00 572,601.00 591,701.00 859,958.00 892,490.00 1,397,006.00 1,399,155.00
   Shareholders Equity 124,050.00 246,665.00 241,629.00 241,839.00 264,063.00 225,875.00 231,014.00 263,515.00 268,759.00 361,125.00 353,103.00 445,095.00 380,416.00
      Capital Stock 55,882.00 54,892.00 1.00 1.00 52,025.00 1.00 1.00 1.00 1.00 12.00 21.00 22.00 24.00
      Share Premium 725,242.00 682,946.00 674,420.00 669,346.00 665,020.00 659,080.00 654,059.00 630,316.00 626,269.00 583,323.00 561,447.00 465,936.00 399,169.00
      Retained Earnings -647,739.00 -481,893.00 -427,616.00 -423,208.00 -448,717.00 -429,496.00 -420,280.00 -366,202.00 -357,023.00 -221,800.00 -208,317.00 -20,892.00 -18,802.00
      Treasury Shares 9,280.00 9,178.00 -4,972.00 -4,150.00 4,124.00 -3,582.00 -2,640.00 -459.00 -345.00 -329.00 0 0 0
      Accumulated Other Comprehensive Income -55.00 -102.00 -205.00 -151.00 -141.00 -129.00 -127.00 -142.00 -144.00 -101.00 -59.00 19.00 17.00
   Minority Interest -75,078.00 87,317.00 155,457.00 163,599.00 133,219.00 159,765.00 174,639.00 259,784.00 273,640.00 498,833.00 539,387.00 951,911.00 1,018,739.00
Debt 616,718.00 596,049.00 523,605.00 527,970.00 523,060.00 528,831.00 543,049.00 553,559.00 557,421.00 692,382.00 696,287.00 400,152.00 400,570.00
Net Debt 549,768.00 524,413.00 501,452.00 487,049.00 445,805.00 431,013.00 452,240.00 521,234.00 540,957.00 562,754.00 611,926.00 226,173.00 256,336.00
Common Shares Outstanding 16,032.00 11,214.00 0 0 10,121.00 0 0 0 0 0 0 0 0
Preferred Shares Outstanding 0 0 50.00 50.00 0 50.00 0 50.00 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Revenues 34,186.00 94,048.00 220,972.00 118,292.00 185,600.00 183,158.00 270,593.00 204,179.00
Cost Of Revenue 20,095.00 32,410.00 39,272.00 19,683.00 38,013.00 45,462.00 67,923.00 48,375.00
Interest Expense 24,762.00 16,945.00 15,954.00 19,086.00 17,951.00 16,891.00 11,398.00 8,688.00
Non-Interest Expense 45,160.00 49,990.00 0 62,410.00 0 0 0 0
Gross Profit 14,091.00 61,638.00 181,700.00 98,609.00 147,587.00 137,696.00 202,670.00 155,804.00
Operating Expenses 95,845.00 107,936.00 175,031.00 141,281.00 151,619.00 143,445.00 227,978.00 154,402.00
   Selling, General and Administrative Expenses 45,160.00 49,990.00 150,807.00 62,410.00 128,105.00 119,931.00 204,464.00 130,888.00
   Other Operating Expenses 27,171.00 34,432.00 24,224.00 55,357.00 23,514.00 23,514.00 23,514.00 23,514.00
Operating Income -81,754.00 -46,298.00 6,669.00 -42,672.00 -4,032.00 -5,749.00 -25,308.00 1,402.00
Net Non-Operating Income -70.00 -11.00 -15,353.00 -250.00 -17,385.00 -16,838.00 -11,461.00 -8,701.00
EBT -314,404.00 -116,342.00 -8,684.00 15,355.00 -21,417.00 -22,587.00 -36,769.00 -7,299.00
Income Tax -486.00 -353.00 1,102.00 -11.00 71.00 44.00 472.00 31.00
Net Income Including Non-Controlling Interests -313,918.00 -115,989.00 -9,786.00 15,366.00 -21,346.00 -22,543.00 -37,241.00 -7,268.00
Net Income Non-Controlling Interests 148,072.00 61,712.00 5,378.00 -8,591.00 12,130.00 13,364.00 23,758.00 5,178.00
Net Income -166,835.00 -55,249.00 -4,408.00 5,852.00 -9,216.00 -9,179.00 -13,483.00 -2,090.00
EBIT -289,642.00 -99,397.00 7,270.00 34,441.00 -3,466.00 -5,696.00 -25,371.00 1,389.00
Deprecation and Amortization 27,022.00 26,197.00 27,502.00 26,419.00 27,234.00 27,375.00 27,366.00 25,367.00
EBITDA -262,620.00 -73,200.00 34,772.00 60,860.00 23,768.00 21,679.00 1,995.00 26,756.00
EPS -0.01 -0.01 -0.00 0.00 -0.00 -0.00 -0.00 0
Diluted EPS -0.01 -0.01 -0.00 0.00 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 14,136.00 10,830.00 10,373.00 10,077.00 9,715.00 8,965.00 116,207.00 92,343.00
Average Shares Outstanding Diluted 14,136.00 10,830.00 10,373.00 14,580.00 9,715.00 8,965.00 116,207.00 92,343.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow -32,651.00 -37,817.00 -12,405.00 -12,227.00 12,512.00 20,479.00 54,486.00 31,202.00
   Operating Net Income -313,918.00 -115,989.00 -9,786.00 15,366.00 -21,346.00 -22,543.00 -37,241.00 -7,268.00
   Deprecation and Amortization 27,022.00 26,197.00 27,502.00 26,419.00 27,234.00 27,375.00 27,366.00 25,367.00
   Deferred Income Tax 0 -654.00 0 0 0 0 0 0
   Share Based Compensation 3,496.00 -135.00 2,803.00 2,859.00 1,783.00 4,444.00 5,155.00 5,112.00
   Change in Working Capital 25,994.00 -15,757.00 24,747.00 16,558.00 42,764.00 81,217.00 98,646.00 18,584.00
   Other Operating Activities 224,755.00 68,521.00 -57,671.00 -73,429.00 -37,923.00 -70,014.00 -39,440.00 -10,593.00
Investing Cash Flow -2,371.00 -2,829.00 -3,048.00 13,283.00 -4,556.00 -2,226.00 -5,997.00 -3,740.00
   Capital Expenditure 0 0 -3,048.00 0 -4,556.00 -2,226.00 -5,997.00 -3,740.00
   Net Purchase/Sale of PPE -2,371.00 -2,829.00 -3,048.00 -4,253.00 -4,556.00 -2,226.00 -5,997.00 -3,740.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 3,048.00 0 4,556.00 2,226.00 5,997.00 3,740.00
Financing Cash Flow 31,420.00 53,863.00 -3,196.00 20,327.00 -942.00 -2,397.00 -3,105.00 2,276.00
   Net Issuance/Repayment of Debt 39,499.00 58,500.00 -2,375.00 25,000.00 0 -1,391.00 -1,380.00 -1,043.00
   Net Issuance/Repurchase of Equity -102.00 -4,206.00 1.00 -149.00 0 0 0 0
   Dividends Paid 0 0 0 0 0 892.00 0 0
   Other Financing Activities 0 0 -822.00 -4,524.00 -942.00 -1,898.00 -1,725.00 3,319.00
Net Change in Cash -3,602.00 13,217.00 -18,768.00 21,383.00 7,009.00 15,861.00 45,267.00 29,745.00
   Cash at Beginning of Period 35,590.00 22,153.00 40,921.00 14,124.00 90,809.00 16,464.00 84,361.00 144,234.00
   Cash at End of Period 32,076.00 35,590.00 22,153.00 35,527.00 97,818.00 32,325.00 129,628.00 173,979.00
Free Cash Flow -35,022.00 -40,646.00 -15,453.00 -16,480.00 7,956.00 18,253.00 48,489.00 27,462.00