Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 10.41 5.60 7.38 -9.42 -7.58
Price to Sales 0.76 0.66 0.71 0.68 0.91
Book Value Per Common Share 10.72 8.11 6.97 13.50
Price to Book 1.69 1.97 1.39 0.76
Price to Operating Cash Flow 3.96 3.07 5.56 12.46 10.29
Price to Free Cash Flow 18.40 7.58 37.62 -26.66 -48.25
Enterprise Value to EBITDA 37128.79 27766.39 42051.58 258849.09
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 45.70 26.09 131.92 42.42 42.29 13.92 -494.00 -53.76
Price to Sales 2.11 1.78 2.62 2.76 3.21 1.79 3.44 3.34
Book Value Per Common Share 12.78 12.57 12.19 12.05 11.33 9.01 6.69 7.38
Price to Book 0.97 0.91 1.30 1.58 1.83 1.42 2.21 1.53
Price to Operating Cash Flow 38.84 10.89 13.34 12.86 21.62 11.09 187.36 66.92
Price to Free Cash Flow -29.73 56.16 44.06 40.37 239.26 31.95 -35.68 848.87
Enterprise Value to EBITDA 105800.67 79226.76 135062.85

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -41.05 49.31
Revenue YoY -9.11 14.43 67.93 155.83
EBITDA YoY -21.25 59.97 976.20
Net Profit YoY -43.20 39.22
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 -38.64 266.67 -73.33 -8.16 -46.74
Revenue YoY -9.12 6.66 -14.15 6.10 -14.97 59.20 43.61
EBITDA YoY -19.50
Net Profit YoY -39.37 253.12 -72.75 -9.88 -49.65

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.12 0.21 0.24 0.11 0.81
Quick Ratio 0.31 0.95 0.97 0.75 1.08
Current Ratio 1.27 1.49 1.47 1.11 1.59
Debt to Equity 0.67 0.65 0.72 0.66 0.44
Long-Term Debt to Equity 0.33 0.30 0.29 0.20 0.17
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 0.08 0.12 0.15 0.14 0.14 0.12 0.18 0.43
Quick Ratio 0.87 0.79 0.79 0.82 1.02 0.98 0.86 1.03
Current Ratio 1.32 1.16 1.20 1.23 1.48 1.42 1.22 1.48
Debt to Equity 0.69 0.69 0.70 0.66 0.64 0.74 0.78 0.50
Long-Term Debt to Equity 0.37 0.30 0.34 0.28 0.29 0.26 0.27 0.19

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 9.59 18.34 15.51 -8.78 -6.12
ROE 15.97 30.21 26.69 -14.57 -8.82
Gross Margin 25.83 29.46 24.11 8.94 11.16
Operating Margin 10.10 15.48 9.63 -7.20
EBITDA Margin 20.49 23.65 16.91 2.64
Net Profit Margin 7.32 11.72 9.63 -7.25 -11.97
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 1.23 2.06 0.60 2.26 2.64 5.89 -0.25 -1.78
ROE 2.08 3.49 1.02 3.75 4.35 10.23 -0.44 -2.68
Gross Margin 5.77 9.69 22.08 15.10 27.07 29.61 15.48 9.62
Operating Margin 6.96 10.10 9.18
EBITDA Margin 19.94 22.51 20.28
Net Profit Margin 4.54 6.81 2.06 6.48 7.63 12.89 -0.68 -6.20

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 0.00 0.00 0.00
Dividend Payout Ratio 30.09 19.37 15.50

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 3,296,394.00 3,033,557.00 2,575,932.00 2,040,660.00 1,889,942.00
   Current Assets 848,523.00 954,254.00 956,673.00 630,377.00 567,133.00
      Cash and Short-Term Investments 19,984.00 36,784.00 43,676.00 19,998.00 68,978.00
            Cash and Cash Equivalents 19,984.00 36,784.00 43,676.00 19,998.00 68,978.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 189,444.00 570,125.00 586,012.00 407,454.00 313,949.00
      Inventory 203,469.00 205,865.00 214,454.00 134,593.00 118,568.00
      Other Current Assets 435,626.00 141,480.00 112,531.00 68,332.00 65,638.00
   Non-Current Assets 2,447,871.00 2,079,303.00 1,619,259.00 1,410,283.00 1,322,809.00
      Property, Plant, Equipment Net 1,964,320.00 1,738,008.00 1,459,596.00 1,309,186.00 1,196,828.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 10,674.00 0 0 0 0
      Non-Current Deferred Assets 0 0 12,592.00 607.00 5,360.00
      Other Non-Current Assets 472,877.00 341,295.00 147,071.00 100,490.00 120,621.00
Liabilities 1,317,525.00 1,192,149.00 1,078,626.00 810,221.00 579,899.00
   Current Liabilities 666,523.00 639,424.00 649,497.00 569,247.00 356,146.00
      Payables and Expenses 520,836.00 554,799.00 605,931.00 523,916.00 221,579.00
            Account Payables 314,123.00 293,733.00 326,818.00 288,801.00 193,338.00
            Current Accrued Liabilities 206,713.00 261,066.00 279,113.00 235,115.00 28,241.00
      Short-Term Debt 95,218.00 67,395.00 39,707.00 40,779.00 44,425.00
      Other Current Liabilities 50,469.00 17,230.00 3,859.00 4,552.00 90,142.00
   Non-Current Liabilities 651,002.00 552,725.00 429,129.00 240,974.00 223,753.00
      Long-Term Debt 438,388.00 337,914.00 309,211.00 202,856.00 167,159.00
      Other Non-Current Liabilities 212,614.00 214,811.00 119,918.00 38,118.00 56,594.00
Equity 1,978,869.00 1,841,408.00 1,497,306.00 1,230,439.00 1,310,043.00
   Shareholders Equity 0 1,841,408.00 1,495,017.00 1,213,242.00 1,150,637.00
      Capital Stock 1,619.00 1,666.00 1,788.00 1,834.00 216.00
      Share Premium 977,484.00 1,093,498.00 1,266,097.00 1,367,642.00 1,125,554.00
      Retained Earnings 1,019,517.00 752,328.00 234,525.00 -155,954.00 23,288.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -19,751.00 -6,084.00 -7,396.00 -306.00 0
   Minority Interest 0 0 2,289.00 17,197.00 159,406.00
Investments 10,674.00 939.00 900.00 900.00 800.00
Debt 533,606.00 405,309.00 348,918.00 243,635.00 211,584.00
Net Debt 513,622.00 368,525.00 305,242.00 223,637.00 142,606.00
Common Shares Outstanding 0 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 4,315,161.00 4,747,928.00 4,149,228.00 2,470,782.00 965,787.00
Cost Of Revenue 3,200,506.00 3,349,370.00 3,149,036.00 2,249,926.00 857,981.00
Gross Profit 1,114,655.00 1,398,558.00 1,000,192.00 220,856.00 107,806.00
Operating Expenses 725,187.00 637,979.00 504,302.00 402,080.00 284,832.00
   Selling, General and Administrative Expenses 225,474.00 221,406.00 180,040.00 123,406.00 84,098.00
   Other Operating Expenses 499,713.00 416,573.00 324,262.00 278,674.00 200,734.00
Operating Income 389,468.00 760,579.00 495,890.00 -181,224.00 -177,026.00
Net Non-Operating Income 13,803.00 -25,689.00 -96,381.00 3,436.00 0
Interest Expense 32,692.00 0.00 0.00 0.00 14,505.00
EBT 403,271.00 734,890.00 399,509.00 -177,788.00 0
Income Tax 87,261.00 178,482.00 793.00 9,216.00 30,857.00
Net Income Including Non-Controlling Interests 316,010.00 556,408.00 400,302.00 -187,004.00 -160,674.00
Net Income Non-Controlling Interests 0.00 -91.00 -700.00 7,760.00 45,091.00
Net Income 316,010.00 556,317.00 399,602.00 -179,244.00 -115,583.00
EBIT 435,963.00 734,890.00 399,509.00 -177,788.00 0
Deprecation and Amortization 448,100.00 387,800.00 302,300.00 243,000.00 169,900.00
EBITDA 884,063.00 1,122,690.00 701,809.00 65,212.00 0
EPS 0.00 0.00 0.00 -0.00 -0.00
Diluted EPS 0.00 0.00 0.00 -0.00 -0.00
Average Shares Outstanding Basic 165,026.00 171,845.00 184,334.00 174,019.00 85,242.00
Average Shares Outstanding Diluted 169,398.00 176,360.00 189,349.00 174,019.00 85,242.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 829,374.00 1,014,583.00 530,364.00 135,467.00 85,425.00
   Operating Net Income 316,010.00 556,408.00 400,302.00 -187,004.00 -160,674.00
   Deprecation and Amortization 448,100.00 387,800.00 302,300.00 243,000.00 169,900.00
   Deferred Income Tax 33,844.00 120,312.00 -12,472.00 5,079.00 -25,546.00
   Share Based Compensation 32,412.00 33,026.00 23,108.00 19,946.00 17,139.00
   Change in Working Capital -9,987.00 -111,672.00 -276,074.00 18,327.00 63,321.00
   Other Operating Activities 8,995.00 28,709.00 93,200.00 36,119.00 21,285.00
Investing Cash Flow -643,113.00 -672,328.00 -450,656.00 -186,494.00 -100,269.00
   Capital Expenditure -651,034.00 -603,298.00 -451,905.00 -198,794.00 -103,637.00
   Net Purchase/Sale of PPE -627,057.00 -576,389.00 -428,241.00 -173,388.00 -100,269.00
   Net Purchase/Sale of Investments Net -16,056.00 0 0 0 0
   Net Purchase/Sale of Business 0 -95,939.00 -15,000.00 0 0
   Other Investing Activities 651,034.00 603,298.00 444,490.00 185,688.00 103,637.00
Financing Cash Flow -202,705.00 -349,315.00 -55,770.00 2,056.00 -28,868.00
   Net Issuance/Repayment of Debt 50,500.00 -79,716.00 95,250.00 16,250.00 -1,750.00
   Net Issuance/Repurchase of Equity 129,250.00 203,100.00 125,313.00 0 0
   Dividends Paid 48,310.00 37,684.00 9,164.00 168.00 4,431.00
   Other Financing Activities -430,765.00 -510,383.00 -285,497.00 -14,362.00 -31,549.00
Net Change in Cash -16,444.00 -7,060.00 23,938.00 -48,971.00 -43,712.00
   Cash at Beginning of Period 36,428.00 43,844.00 19,738.00 68,969.00 112,690.00
   Cash at End of Period 19,984.00 36,784.00 43,676.00 19,998.00 68,978.00
Free Cash Flow 178,340.00 411,285.00 78,459.00 -63,327.00 -18,212.00
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 3,503,385.00 3,441,048.00 3,355,822.00 3,296,394.00 3,272,884.00 3,097,619.00 3,033,557.00 2,760,622.00 2,575,932.00 2,190,880.00 2,040,660.00 1,916,775.00 1,889,942.00
   Current Assets 894,408.00 921,377.00 858,510.00 848,523.00 922,520.00 978,008.00 954,254.00 1,070,192.00 956,673.00 761,561.00 630,377.00 583,223.00 567,133.00
      Cash and Short-Term Investments 13,454.00 19,563.00 24,100.00 19,984.00 23,012.00 23,788.00 36,784.00 20,876.00 43,676.00 32,925.00 19,998.00 69,534.00 68,978.00
            Cash and Cash Equivalents 13,454.00 19,563.00 24,100.00 19,984.00 23,012.00 23,788.00 36,784.00 20,876.00 43,676.00 32,925.00 19,998.00 69,534.00 68,978.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 573,801.00 607,333.00 544,274.00 189,444.00 594,056.00 649,208.00 570,125.00 718,361.00 586,012.00 503,430.00 407,454.00 336,464.00 313,949.00
      Inventory 184,420.00 201,268.00 202,865.00 203,469.00 197,563.00 210,060.00 205,865.00 196,675.00 214,454.00 139,721.00 134,593.00 129,338.00 118,568.00
      Other Current Assets 122,733.00 93,213.00 87,271.00 435,626.00 107,889.00 94,952.00 141,480.00 134,280.00 112,531.00 85,485.00 68,332.00 47,887.00 65,638.00
   Non-Current Assets 2,608,977.00 2,519,671.00 2,497,312.00 2,447,871.00 2,350,364.00 2,119,611.00 2,079,303.00 1,690,430.00 1,619,259.00 1,429,319.00 1,410,283.00 1,333,552.00 1,322,809.00
      Property, Plant, Equipment Net 2,324,229.00 2,305,699.00 1,999,380.00 1,964,320.00 2,191,971.00 1,782,717.00 1,738,008.00 1,523,909.00 1,459,596.00 1,328,713.00 1,309,186.00 1,175,934.00 1,196,828.00
      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 148,820.00 86,041.00 9,631.00 10,674.00 34,757.00 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 21,240.00 12,592.00 616.00 607.00 77,949.00 5,360.00
      Other Non-Current Assets 135,928.00 127,931.00 488,301.00 472,877.00 123,636.00 336,894.00 341,295.00 145,281.00 147,071.00 99,990.00 100,490.00 79,669.00 120,621.00
Liabilities 1,433,720.00 1,406,065.00 1,381,710.00 1,317,525.00 1,303,886.00 1,213,135.00 1,192,149.00 1,170,503.00 1,078,626.00 957,214.00 810,221.00 639,040.00 579,899.00
   Current Liabilities 677,203.00 793,378.00 716,559.00 666,523.00 748,571.00 662,365.00 639,424.00 754,777.00 649,497.00 623,200.00 569,247.00 393,549.00 356,146.00
      Payables and Expenses 559,673.00 684,273.00 588,457.00 520,836.00 655,519.00 550,893.00 554,799.00 652,246.00 605,931.00 580,686.00 523,916.00 350,992.00 221,579.00
            Account Payables 350,102.00 404,457.00 369,112.00 314,123.00 347,074.00 315,998.00 293,733.00 412,498.00 326,818.00 333,599.00 288,801.00 184,799.00 193,338.00
            Current Accrued Liabilities 201,846.00 244,506.00 219,345.00 206,713.00 240,641.00 234,895.00 261,066.00 239,748.00 279,113.00 247,087.00 235,115.00 166,193.00 28,241.00
      Short-Term Debt 117,530.00 109,105.00 103,281.00 95,218.00 93,052.00 74,028.00 67,395.00 37,166.00 39,707.00 40,844.00 40,779.00 42,557.00 44,425.00
      Other Current Liabilities 0.00 0.00 24,821.00 50,469.00 0.00 37,444.00 17,230.00 65,365.00 3,859.00 1,670.00 4,552.00 0.00 90,142.00
   Non-Current Liabilities 756,517.00 612,687.00 665,151.00 651,002.00 555,315.00 550,770.00 552,725.00 415,726.00 429,129.00 334,014.00 240,974.00 245,491.00 223,753.00
      Long-Term Debt 508,454.00 407,779.00 460,243.00 438,388.00 378,020.00 373,403.00 337,914.00 299,840.00 309,211.00 291,731.00 202,856.00 160,823.00 167,159.00
      Other Non-Current Liabilities 248,063.00 204,908.00 204,908.00 212,614.00 177,295.00 177,367.00 214,811.00 115,886.00 119,918.00 42,283.00 38,118.00 84,668.00 56,594.00
Equity 2,069,665.00 2,034,983.00 1,974,112.00 1,978,869.00 1,968,998.00 1,884,484.00 1,841,408.00 1,590,119.00 1,497,306.00 1,233,666.00 1,230,439.00 1,277,735.00 1,310,043.00
   Shareholders Equity 2,069,665.00 2,034,983.00 1,974,112.00 0 1,968,998.00 1,884,484.00 1,841,408.00 1,590,119.00 1,495,017.00 1,231,261.00 1,213,242.00 1,204,552.00 1,150,637.00
      Capital Stock 1,620.00 1,620.00 1,608.00 1,619.00 1,634.00 1,652.00 1,666.00 0 1,788.00 3.00 1,834.00 1,692.00 216.00
      Share Premium 970,123.00 962,840.00 965,665.00 977,484.00 996,336.00 1,070,383.00 1,093,498.00 1,208,183.00 1,266,097.00 1,389,987.00 1,367,642.00 1,212,354.00 1,125,554.00
      Retained Earnings 1,113,968.00 1,084,192.00 1,026,519.00 1,019,517.00 980,914.00 822,256.00 752,328.00 388,064.00 234,525.00 -161,330.00 -155,954.00 -10,915.00 23,288.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -16,046.00 -13,669.00 -19,680.00 -19,751.00 -9,886.00 -9,807.00 -6,084.00 -7,867.00 -7,396.00 743.00 -306.00 1,318.00 0
   Minority Interest 0 0 0 0 0 0 0 0 2,289.00 2,405.00 17,197.00 73,183.00 159,406.00
Investments 0 0 9,631.00 10,674.00 0 939.00 939.00 900.00 900.00 900.00 900.00 800.00 800.00
Debt 625,984.00 516,884.00 563,524.00 533,606.00 471,072.00 447,431.00 405,309.00 337,006.00 348,918.00 332,575.00 243,635.00 203,380.00 211,584.00
Net Debt 239,546.00 140,437.00 539,424.00 513,622.00 99,988.00 423,643.00 368,525.00 316,130.00 305,242.00 299,650.00 223,637.00 133,846.00 142,606.00
Common Shares Outstanding 161,966.95 161,955.73 0 0 163,393.28 0 0 0 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 947,397.00 1,042,521.00 977,461.00 1,138,578.00 1,073,125.00 1,262,077.00 792,770.00 552,032.00
Cost Of Revenue 892,742.00 941,473.00 761,616.00 966,669.00 782,680.00 888,416.00 670,019.00 498,935.00
Interest Expense 10,902.00 10,162.00 9,543.00 8,589.00 7,063.00 7,891.00 8,489.00 3,754.00
Non-Interest Expense 58,284.00 58,344.00 0 58,614.00 0 0 0 0
Gross Profit 54,655.00 101,048.00 215,845.00 171,909.00 290,445.00 373,661.00 122,751.00 53,097.00
Operating Expenses 58,284.00 58,344.00 197,673.00 58,614.00 175,012.00 148,541.00 118,912.00 95,316.00
   Selling, General and Administrative Expenses 58,284.00 58,344.00 65,775.00 58,614.00 52,986.00 53,036.00 38,318.00 26,359.00
   Other Operating Expenses 0 0 131,898.00 0 122,026.00 95,505.00 80,594.00 68,957.00
Operating Income -3,629.00 42,704.00 18,172.00 113,295.00 115,433.00 225,120.00 3,839.00 -42,219.00
EBT 55,032.00 95,153.00 0 95,962.00 0 0 0 0
Income Tax 11,977.00 24,137.00 7,806.00 22,158.00 26,478.00 54,483.00 830.00 7,357.00
Net Income Including Non-Controlling Interests 43,055.00 71,016.00 0 73,804.00 81,892.00 162,746.00 -5,480.00 -38,616.00
Net Income Non-Controlling Interests 0 0 0 0 0.00 -91.00 104.00 4,411.00
Net Income 43,055.00 71,016.00 20,111.00 73,804.00 81,892.00 162,655.00 -5,376.00 -34,205.00
EBIT 65,934.00 105,315.00 0 104,551.00 0 0 0 0
Deprecation and Amortization 122,981.00 129,366.00 110,900.00 126,395.00 110,900.00 88,400.00 69,900.00 56,700.00
EBITDA 188,915.00 234,681.00 0 230,946.00 0 0 0 0
EPS 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
Average Shares Outstanding Basic 161,959.00 161,865.00 161,938.00 164,741.00 166,325.00 176,569.00 183,999.00 163,207.00
Average Shares Outstanding Diluted 165,066.00 164,243.00 165,784.00 168,595.00 171,441.00 181,088.00 183,999.00 163,207.00
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 51,456.00 170,589.00 192,118.00 244,495.00 159,396.00 203,939.00 14,552.00 27,528.00
   Operating Net Income 43,055.00 71,016.00 20,111.00 73,804.00 81,892.00 162,746.00 -5,480.00 -38,616.00
   Deprecation and Amortization 122,981.00 129,366.00 110,900.00 126,395.00 110,900.00 88,400.00 69,900.00 56,700.00
   Deferred Income Tax 0 0 0 0 0 0 0 -9,645.00
   Share Based Compensation 7,301.00 8,101.00 18,080.00 8,121.00 7,327.00 7,178.00 6,813.00 4,947.00
   Change in Working Capital -95,776.00 21,932.00 40,381.00 27,010.00 -51,961.00 -62,661.00 -69,218.00 7,967.00
   Other Operating Activities -26,105.00 -59,826.00 2,646.00 9,165.00 11,238.00 8,276.00 12,537.00 6,175.00
Investing Cash Flow -113,034.00 -83,118.00 -106,175.00 -162,835.00 -141,993.00 -129,654.00 -90,857.00 -23,787.00
   Capital Expenditure 0 0 -133,930.00 0 -144,986.00 -133,138.00 -90,989.00 -25,361.00
   Net Purchase/Sale of PPE -118,665.00 -137,511.00 -120,878.00 -166,591.00 -141,993.00 -129,654.00 -90,062.00 -23,787.00
   Net Purchase/Sale of Investments Net 0 50,928.00 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 -15,208.00 0 0 0 0 0
   Other Investing Activities 5,631.00 3,465.00 163,841.00 3,756.00 144,986.00 133,138.00 90,194.00 25,361.00
Financing Cash Flow 55,495.00 -92,234.00 -81,849.00 -88,816.00 -30,233.00 -97,095.00 88,958.00 -3,266.00
   Net Issuance/Repayment of Debt 73,111.00 -66,520.00 19,500.00 -38,005.00 16,746.00 -11,881.00 88,344.00 -2,764.00
   Net Issuance/Repurchase of Equity 0 -924.00 23,958.00 -39,351.00 30,167.00 74,648.00 0 0
   Dividends Paid -12,956.00 -13,753.00 13,191.00 -11,441.00 11,642.00 8,777.00 0 0
   Other Financing Activities -4,660.00 -11,037.00 -138,498.00 -19.00 -88,788.00 -168,639.00 614.00 -502.00
Net Change in Cash -6,083.00 -4,763.00 4,094.00 -7,156.00 -12,830.00 -22,810.00 12,653.00 475.00
   Cash at Beginning of Period 19,563.00 24,100.00 20,006.00 30,043.00 36,618.00 43,686.00 20,272.00 69,059.00
   Cash at End of Period 13,454.00 19,563.00 24,100.00 23,012.00 23,788.00 20,876.00 32,925.00 69,534.00
Free Cash Flow -67,209.00 33,078.00 58,188.00 77,904.00 14,410.00 70,801.00 -76,437.00 2,167.00