GSBD
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 22.00 | 8.09 | 25.41 | 10.14 |
| Price to Sales | 11.46 | |||
| Book Value Per Common Share | 13.41 | 14.62 | 14.61 | 15.86 |
| Price to Book | 0.90 | 1.00 | 0.94 | 1.21 |
| Price to Operating Cash Flow | 565.42 | 5.28 | 51.14 | -65.26 |
| Price to Free Cash Flow | -65.26 | |||
| 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 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | 12.40 | 18.75 | 43.07 | 62.55 | -150.30 | 38.41 | 10.79 | 15.75 | 50.56 | 28.90 | |||
| Price to Sales | |||||||||||||
| Book Value Per Common Share | 12.75 | 13.02 | 13.20 | 13.41 | 13.54 | 13.67 | 14.55 | 14.62 | 14.61 | 14.59 | 14.44 | 14.61 | 15.02 |
| Price to Book | 0.80 | 0.86 | 0.88 | 0.90 | 1.02 | 1.10 | 1.03 | 1.00 | 1.00 | 0.95 | 0.95 | 0.94 | 0.96 |
| Price to Operating Cash Flow | 3.33 | 4.28 | 10.19 | -150.88 | -14.98 | 234.43 | 7.32 | 26.08 | 44.23 | -13.48 | |||
| Price to Free Cash Flow | |||||||||||||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -69.61 | 235.19 | -71.43 | |
| 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 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | 36.67 | 122.22 | 53.41 | 225.93 | -46.00 | ||||||||
| Revenue YoY | |||||||||||||
| EBITDA YoY | |||||||||||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 1.24 | 0.52 | 0.40 | |
| Quick Ratio | ||||
| Current Ratio | ||||
| Debt to Equity | 1.29 | 1.20 | 1.39 | 1.20 |
| Long-Term Debt to Equity |
| 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 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 2.71 | 0.96 | 0.75 | 1.21 | 0.52 | 0.55 | 0.52 | 0.51 | 0.72 | 0.41 | 0.46 | 0.40 | 0.33 |
| Quick Ratio | |||||||||||||
| Current Ratio | |||||||||||||
| Debt to Equity | 1.33 | 1.25 | 1.26 | 1.29 | 1.24 | 1.27 | 1.17 | 1.20 | 1.22 | 1.28 | 1.28 | 1.39 | 1.40 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 5.42 | |||
| ROE | 11.92 | |||
| Gross Margin | ||||
| Operating Margin | ||||
| EBITDA Margin | ||||
| Net Profit Margin | 113.13 |
| 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 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 2.82 | ||||||||||||
| ROE | 6.57 | ||||||||||||
| Gross Margin | |||||||||||||
| Operating Margin | |||||||||||||
| EBITDA Margin | |||||||||||||
| Net Profit Margin |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | |||
| Dividend Payout Ratio | 100.32 |
| 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 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | |||||||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 3,603,383.00 | 3,522,819.00 | 3,591,311.00 | 3,550,991.00 |
| Cash and Short-Term Investments | 142,478.00 | 55,949.00 | 40,639.00 | 0 |
| Cash and Cash Equivalents | 142,478.00 | 55,949.00 | 40,639.00 | 33,764.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 23,278.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 3,478,543.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Liabilities | 2,030,683.00 | 1,920,994.00 | 2,088,917.00 | 1,936,591.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 60,754.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 1,861,426.00 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Equity | 1,572,700.00 | 1,601,825.00 | 1,502,394.00 | 1,614,400.00 |
| Shareholders Equity | 1,572,700.00 | 1,601,825.00 | 1,502,394.00 | 1,614,400.00 |
| Capital Stock | 117.00 | 110.00 | 103.00 | 102.00 |
| Share Premium | 1,946,253.00 | 1,827,715.00 | 1,709,914.00 | 1,670,742.00 |
| Retained Earnings | -370,200.00 | -207,452.00 | -206,202.00 | -55,023.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 3,506,216.00 | 0 |
| Debt | 5,104,728.00 | 4,508,141.00 | 2,863,919.00 | 1,861,426.00 |
| Net Debt | 4,962,250.00 | 4,452,192.00 | 2,823,280.00 | 1,827,662.00 |
| Common Shares Outstanding | 117,297.22 | 109,563.52 | 102,850.59 | 101,818.81 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 0 | 0 | 0 | 170,092.00 |
| Interest Income | 0 | 0 | 0 | 326,031.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 58,988.00 |
| Net Interest | 0 | 0 | 330,893.00 | 0 |
| Non-Interest Expense | 0 | 0 | 0 | 7,604.00 |
| Operating Expenses | 176,523.00 | 204,817.00 | 136,152.00 | -23,974.00 |
| Selling, General and Administrative Expenses | 9,533.00 | 7,805.00 | 7,836.00 | 7,604.00 |
| Other Operating Expenses | 166,990.00 | 197,012.00 | 128,316.00 | -31,578.00 |
| EBT | 0 | 0 | 0 | 194,066.00 |
| Income Tax | 5,298.00 | 4,842.00 | 4,453.00 | 1,639.00 |
| Net Income Including Non-Controlling Interests | 62,867.00 | 195,874.00 | 55,003.00 | 192,427.00 |
| Net Income | 0 | 0 | 0 | 192,427.00 |
| Deprecation and Amortization | 25,824.00 | 35,885.00 | 0.00 | 0 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 114,673.46 | 108,305.43 | 102,258.70 | 101,691.08 |
| Average Shares Outstanding Diluted | 114,673.46 | 108,305.43 | 102,258.70 | 101,691.08 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 2,457.00 | 300,692.00 | 27,439.00 | -29,856.00 |
| Operating Net Income | 62,867.00 | 195,874.00 | 55,003.00 | 192,427.00 |
| Deprecation and Amortization | 25,824.00 | 35,885.00 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | -7,771.00 | 13,839.00 | 0 | 5,831.00 |
| Other Operating Activities | -78,463.00 | 55,094.00 | -27,564.00 | -228,114.00 |
| Investing Cash Flow | 0 | 0 | 0 | 0 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 7,146.00 | -287,993.00 | -21,748.00 | 31,694.00 |
| Net Issuance/Repayment of Debt | 2,093,679.00 | 946,240.00 | 1,544,679.00 | 229,339.00 |
| Net Issuance/Repurchase of Equity | 0 | 97,578.00 | 557.00 | 0 |
| Dividends Paid | 0 | 0 | 0 | -193,040.00 |
| Other Financing Activities | -2,086,533.00 | -1,331,811.00 | -1,566,984.00 | -4,605.00 |
| Net Change in Cash | 9,603.00 | 12,699.00 | 5,691.00 | 1,838.00 |
| Cash at Beginning of Period | 52,192.00 | 39,664.00 | 33,911.00 | 32,137.00 |
| Cash at End of Period | 61,795.00 | 52,363.00 | 39,602.00 | 33,764.00 |
| Free Cash Flow | 0 | 0 | 0 | -29,856.00 |
| 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 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 3,385,001.00 | 3,410,238.00 | 3,503,828.00 | 3,603,383.00 | 3,545,494.00 | 3,629,325.00 | 3,547,202.00 | 3,522,819.00 | 3,558,274.00 | 3,637,434.00 | 3,605,884.00 | 3,591,311.00 | 3,709,406.00 |
| Cash and Short-Term Investments | 315,655.00 | 112,681.00 | 87,853.00 | 142,478.00 | 61,137.00 | 63,094.00 | 57,595.00 | 55,949.00 | 78,522.00 | 44,757.00 | 48,560.00 | 40,639.00 | 34,206.00 |
| Cash and Cash Equivalents | 315,655.00 | 112,681.00 | 87,853.00 | 142,478.00 | 61,137.00 | 63,094.00 | 57,595.00 | 55,949.00 | 78,522.00 | 44,757.00 | 48,560.00 | 40,639.00 | 34,206.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 1,930,172.00 | 1,896,849.00 | 1,955,878.00 | 2,030,683.00 | 1,959,406.00 | 2,033,431.00 | 1,915,596.00 | 1,920,994.00 | 1,957,697.00 | 2,040,584.00 | 2,025,439.00 | 2,088,917.00 | 2,165,503.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 1,454,829.00 | 1,513,389.00 | 1,547,950.00 | 1,572,700.00 | 1,586,088.00 | 1,595,894.00 | 1,631,606.00 | 1,601,825.00 | 1,600,577.00 | 1,596,850.00 | 1,580,445.00 | 1,502,394.00 | 1,543,903.00 |
| Shareholders Equity | 1,454,829.00 | 1,513,389.00 | 1,547,950.00 | 1,572,700.00 | 1,586,088.00 | 1,595,894.00 | 1,631,606.00 | 1,601,825.00 | 1,600,577.00 | 1,596,850.00 | 1,580,445.00 | 1,502,394.00 | 1,543,903.00 |
| Capital Stock | 114.00 | 116.00 | 117.00 | 117.00 | 117.00 | 117.00 | 112.00 | 110.00 | 110.00 | 109.00 | 109.00 | 103.00 | 103.00 |
| Share Premium | 1,909,063.00 | 1,934,128.00 | 1,946,253.00 | 1,946,253.00 | 1,940,934.00 | 1,935,098.00 | 1,865,489.00 | 1,827,715.00 | 1,810,588.00 | 1,809,154.00 | 1,809,154.00 | 1,709,914.00 | 1,686,942.00 |
| Retained Earnings | -454,348.00 | -420,855.00 | -398,420.00 | -370,200.00 | -354,963.00 | -339,321.00 | -232,574.00 | -207,452.00 | -208,700.00 | -210,992.00 | -227,397.00 | -206,202.00 | -141,721.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,549,979.00 | 3,514,903.00 | 3,506,216.00 | 3,618,060.00 |
| Debt | 4,969,329.00 | 4,489,085.00 | 4,629,237.00 | 5,104,728.00 | 5,006,514.00 | 5,135,694.00 | 4,908,608.00 | 4,508,141.00 | 4,610,128.00 | 2,807,907.00 | 2,787,481.00 | 2,863,919.00 | 2,947,138.00 |
| Net Debt | 4,653,674.00 | 4,376,404.00 | 4,541,384.00 | 4,962,250.00 | 4,945,377.00 | 5,072,600.00 | 4,851,013.00 | 4,452,192.00 | 4,531,606.00 | 2,763,150.00 | 2,738,921.00 | 2,823,280.00 | 2,912,932.00 |
| Common Shares Outstanding | 114,113.10 | 116,250.04 | 117,297.22 | 117,297.22 | 117,161.94 | 116,744.39 | 112,103.35 | 109,563.52 | 109,563.52 | 109,463.14 | 109,463.14 | 102,850.59 | 102,778.44 |
| 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 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | 136,994.00 | 91,615.00 | 46,004.00 | -93,871.00 | 130,764.00 | 90,023.00 | 49,607.00 | -116,082.00 | 152,937.00 | 107,333.00 | 60,629.00 | 99,255.00 |
| Selling, General and Administrative Expenses | 5,925.00 | 4,061.00 | 2,007.00 | -3,846.00 | 6,794.00 | 4,413.00 | 2,172.00 | -3,947.00 | 5,968.00 | 3,849.00 | 1,935.00 | 5,860.00 |
| Other Operating Expenses | 131,069.00 | 87,554.00 | 43,997.00 | -90,025.00 | 123,970.00 | 85,610.00 | 47,435.00 | -112,135.00 | 146,969.00 | 103,484.00 | 58,694.00 | 93,395.00 |
| Interest Expense | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 232,090.00 |
| EBT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Tax | 3,135.00 | 2,228.00 | 1,322.00 | -1,906.00 | 3,809.00 | 2,319.00 | 1,076.00 | -740.00 | 3,155.00 | 1,652.00 | 775.00 | 2,494.00 |
| Net Income Including Non-Controlling Interests | 95,547.00 | 70,842.00 | 31,553.00 | 6,856.00 | 25,320.00 | -11,761.00 | 42,452.00 | -71,238.00 | 145,322.00 | 93,727.00 | 28,063.00 | 51,335.00 |
| Net Income Non-Controlling Interests | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 95,547.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deprecation and Amortization | 17,162.00 | 11,062.00 | 5,021.00 | -13,676.00 | 20,038.00 | 13,274.00 | 6,188.00 | 8,667.00 | 27,218.00 | 0.00 | 0.00 | 0.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 116,289.60 | 117,250.83 | 117,297.22 | 117,310.85 | 116,942.39 | 114,363.72 | 110,076.88 | 109,631.67 | 109,535.16 | 109,463.14 | 104,591.74 | 102,367.01 |
| Average Shares Outstanding Diluted | 116,289.60 | 117,250.83 | 117,297.22 | 117,310.85 | 116,942.39 | 114,363.72 | 110,076.88 | 109,631.67 | 109,535.16 | 109,463.14 | 104,591.74 | 102,367.01 |
| 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 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 355,560.00 | 308,328.00 | 133,870.00 | 120,818.00 | -10,666.00 | -114,733.00 | 7,038.00 | -7,650.00 | 217,902.00 | 58,166.00 | 32,274.00 | -109,707.00 |
| Operating Net Income | 95,547.00 | 70,842.00 | 31,553.00 | 6,856.00 | 25,320.00 | -11,761.00 | 42,452.00 | -71,238.00 | 145,322.00 | 93,727.00 | 28,063.00 | 51,335.00 |
| Deprecation and Amortization | 17,162.00 | 11,062.00 | 5,021.00 | -13,676.00 | 20,038.00 | 13,274.00 | 6,188.00 | 8,667.00 | 27,218.00 | 0 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 2,090.00 | 2,470.00 | 964.00 | 19,982.00 | -11,758.00 | -13,604.00 | -2,391.00 | 13,461.00 | 378.00 | 0 | 0 | 0 |
| Other Operating Activities | 240,761.00 | 223,954.00 | 96,332.00 | 107,656.00 | -44,266.00 | -102,642.00 | -39,211.00 | 41,460.00 | 44,984.00 | -35,561.00 | 4,211.00 | -161,042.00 |
| Investing Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Expenditure | 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 Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -302,318.00 | -262,258.00 | -113,047.00 | -121,166.00 | 11,284.00 | 124,037.00 | -7,009.00 | -27,079.00 | -180,838.00 | -55,362.00 | -24,714.00 | 108,615.00 |
| Net Issuance/Repayment of Debt | 2,814,386.00 | 1,526,477.00 | 998,295.00 | -2,110,285.00 | 1,711,561.00 | 1,498,821.00 | 993,582.00 | -371,497.00 | 695,080.00 | 406,720.00 | 215,937.00 | 1,242,558.00 |
| Net Issuance/Repurchase of Equity | 37,166.00 | 10,700.00 | 0 | 0 | 0 | 0 | 0 | -195,186.00 | 97,578.00 | 97,593.00 | 97,593.00 | 178.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -3,153,870.00 | -1,799,435.00 | -1,111,342.00 | 1,989,119.00 | -1,700,277.00 | -1,374,784.00 | -1,000,591.00 | 539,604.00 | -973,496.00 | -559,675.00 | -338,244.00 | -1,134,121.00 |
| Net Change in Cash | 53,242.00 | 46,070.00 | 20,823.00 | -348.00 | 618.00 | 9,304.00 | 29.00 | -34,729.00 | 37,064.00 | 2,804.00 | 7,560.00 | -1,092.00 |
| Cash at Beginning of Period | 61,941.00 | 61,966.00 | 61,936.00 | 62,143.00 | 52,339.00 | 52,308.00 | 52,290.00 | 87,092.00 | 39,538.00 | 39,610.00 | 39,613.00 | 33,762.00 |
| Cash at End of Period | 115,183.00 | 108,036.00 | 82,759.00 | 61,795.00 | 52,957.00 | 61,612.00 | 52,319.00 | 52,363.00 | 76,602.00 | 42,414.00 | 47,173.00 | 32,670.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |