Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 75.91 75.29 59.22 89.36 76.77
Price to Sales 15.89 14.33 9.93 14.87 11.40
Book Value Per Common Share 4.91 4.52 3.65 3.97 3.45
Price to Book 55.04 47.64 33.29 39.18 30.53
Price to Operating Cash Flow 56.16 54.06 42.42 53.27 47.44
Price to Free Cash Flow 57.86 55.12 44.03 54.45 48.37
Enterprise Value to EBITDA 567867.16 567183.11 426594.24 651677.54 544464.05
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
Price to Earnings 211.32 210.07 201.21 270.56 287.62 249.76 288.98 326.06
Price to Sales 44.88 43.94 40.08 64.54 60.58 43.59 49.00 47.63
Book Value Per Common Share 5.13 4.61 4.04 4.91 4.55 3.89 4.52 2.92 3.65 3.44 3.97 3.22 3.45
Price to Book 39.94 42.84 42.87 55.04 61.83 64.30 47.64 53.04 33.29 40.32 39.18 36.49 30.53
Price to Operating Cash Flow 132.93 161.64 139.95 276.27 281.73 164.07 275.82 187.30
Price to Free Cash Flow 141.96 170.82 141.63 280.82 294.18 165.95 286.24 190.03
Enterprise Value to EBITDA 1593968.60 1584064.33 1590624.58 2238218.90 2562672.81 1971638.99 2401298.89 2738589.75

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 24.48 39.51 17.82 27.01
Revenue YoY 12.23 21.07 15.59 13.18
EBITDA YoY 24.04 32.06 17.45 22.79
Net Profit YoY 23.67 36.92 16.73 26.63
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
Earning YoY 3.19 9.30 -17.31 19.54 40.32 29.17 33.33
Revenue YoY 1.24 3.67 -1.46 4.76 15.18 23.50 14.09
EBITDA YoY 2.80 14.13 -13.97 27.71 23.41 33.62 33.70
Net Profit YoY 3.26 7.98 -17.56 18.55 38.69 26.80 35.11

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 4.34 4.38 3.59 4.16 3.22
Quick Ratio 1.18 1.24 1.24 1.56 1.59
Current Ratio 1.26 1.31 1.32 1.64 1.70
Debt to Equity 1.53 1.42 1.51 1.15 1.13
Long-Term Debt to Equity 0.19 0.10 0.12 0.16 0.23
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
Cash Per Common Share 4.36 3.80 3.38 4.37 3.51 3.37 4.40 2.92 3.63 3.42 4.18 3.10 3.22
Quick Ratio 1.21 1.08 1.03 1.18 1.14 1.11 1.24 1.06 1.24 1.36 1.56 1.47 1.59
Current Ratio 1.31 1.19 1.12 1.26 1.25 1.20 1.31 1.15 1.32 1.47 1.64 1.60 1.70
Debt to Equity 1.49 1.67 1.89 1.53 1.51 1.82 1.42 1.93 1.51 1.36 1.15 1.24 1.13
Long-Term Debt to Equity 0.19 0.21 0.24 0.19 0.21 0.26 0.10 0.15 0.12 0.17 0.16 0.23 0.23

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 28.83 26.22 22.62 20.47 18.74
ROE 73.00 63.45 56.86 44.08 39.85
Gross Margin -35.55 -39.10 -40.10 -34.63 -38.08
Operating Margin 27.21 24.55 22.20 21.51 19.40
EBITDA Margin 27.81 25.17 23.07 22.71 20.93
Net Profit Margin 20.95 19.01 16.81 16.65 14.88
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
ROA 7.63 7.62 7.42 9.14 7.97 7.31 5.98 4.94
ROE 18.96 20.37 21.45 22.95 22.45 21.42 14.09 11.06
Gross Margin 56.56 57.34 -30.79 55.50 -40.58 -40.66 -39.86 -41.66
Operating Margin 27.49 27.09 24.55 28.16 23.03 21.37 19.40 16.02
EBITDA Margin 28.10 27.67 25.13 28.79 23.62 22.04 20.37 17.38
Net Profit Margin 21.26 20.84 20.01 23.92 21.14 17.55 17.09 14.44

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 2024-12-31 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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 757,551.00 673,353.00 570,178.00 539,708.00 465,412.00
   Current Assets 503,264.00 479,190.00 415,375.00 408,419.00 334,041.00
      Cash and Short-Term Investments 266,230.00 270,741.00 225,463.00 263,706.00 204,705.00
            Cash and Cash Equivalents 266,230.00 270,741.00 225,463.00 263,706.00 204,705.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 205,475.00 181,173.00 166,767.00 124,420.00 109,202.00
      Inventory 0 0 0 0 0
      Other Current Assets 31,559.00 27,276.00 23,145.00 20,293.00 20,134.00
   Non-Current Assets 254,287.00 194,163.00 154,803.00 131,289.00 131,371.00
      Property, Plant, Equipment Net 61,894.00 33,440.00 30,597.00 41,161.00 49,373.00
      Goodwill 62,226.00 62,235.00 62,230.00 62,239.00 62,252.00
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 94,505.00 66,043.00 37,206.00 7,650.00 5,760.00
      Other Non-Current Assets 35,662.00 32,445.00 24,770.00 20,239.00 13,986.00
Liabilities 458,425.00 395,075.00 343,378.00 289,064.00 246,515.00
   Current Liabilities 400,304.00 365,915.00 315,595.00 249,042.00 196,986.00
      Payables and Expenses 100,059.00 100,748.00 82,219.00 73,105.00 61,641.00
            Account Payables 26,615.00 24,508.00 25,701.00 19,625.00 17,805.00
            Current Accrued Liabilities 73,444.00 76,240.00 56,518.00 53,480.00 43,836.00
      Short-Term Debt 3,532.00 6,428.00 5,962.00 6,813.00 6,569.00
      Other Current Liabilities 296,713.00 258,739.00 227,414.00 169,124.00 128,776.00
   Non-Current Liabilities 58,121.00 29,160.00 27,783.00 40,022.00 49,529.00
      Long-Term Debt 47,794.00 17,694.00 14,065.00 23,157.00 27,843.00
      Other Non-Current Liabilities 10,327.00 11,466.00 13,718.00 16,865.00 21,686.00
Equity 299,126.00 278,278.00 226,800.00 250,644.00 218,897.00
   Shareholders Equity 299,126.00 278,278.00 226,800.00 250,644.00 218,897.00
      Capital Stock 609.00 615.00 621.00 631.00 635.00
      Share Premium 0 0 0 0 0
      Retained Earnings 329,439.00 304,701.00 253,711.00 269,841.00 236,524.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -30,922.00 -27,038.00 -27,532.00 -19,828.00 -18,262.00
   Minority Interest 0 0 0 0 0
Investments 900.00 900.00 0 0 0
Debt 47,794.00 17,694.00 14,065.00 23,157.00 27,843.00
Common Shares Outstanding 60,921.19 61,566.04 62,191.57 63,154.49 63,527.19
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 1,042,352.00 928,725.00 767,084.00 663,643.00 586,372.00
Cost Of Revenue 1,412,940.00 1,291,842.00 1,074,711.00 893,481.00 809,661.00
Gross Profit -370,588.00 -363,117.00 -307,627.00 -229,838.00 -223,289.00
Operating Expenses -632,184.00 -572,998.00 -460,327.00 -364,171.00 -337,350.00
   Selling, General and Administrative Expenses 165,786.00 155,664.00 137,607.00 125,941.00 109,202.00
   Research and Development Expenses 137,689.00 126,814.00 111,877.00 97,628.00 84,276.00
   Other Operating Expenses -935,659.00 -855,476.00 -709,811.00 -587,740.00 -530,828.00
Operating Income 261,596.00 209,881.00 152,700.00 134,333.00 114,061.00
Net Non-Operating Income 22,018.00 18,090.00 17,621.00 8,439.00 -285.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
Net Interest 6,029.00 5,304.00 596.00 68.00 98.00
EBT 283,614.00 227,971.00 170,321.00 142,772.00 113,776.00
Income Tax 48,450.00 39,403.00 31,162.00 24,800.00 26,536.00
Net Income 218,364.00 176,568.00 128,959.00 110,472.00 87,240.00
EBIT 283,614.00 227,971.00 170,321.00 142,772.00 113,776.00
Deprecation and Amortization 6,301.00 5,752.00 6,663.00 7,914.00 8,946.00
EBITDA 289,915.00 233,723.00 176,984.00 150,686.00 122,722.00
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 61,303.00 61,817.00 62,768.00 63,445.00 63,538.00
Average Shares Outstanding Diluted 62,183.00 62,608.00 63,408.00 64,323.00 64,333.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 295,003.00 246,218.00 179,630.00 185,183.00 140,885.00
   Operating Net Income 218,364.00 176,568.00 128,959.00 110,472.00 87,240.00
   Deprecation and Amortization 6,301.00 5,752.00 6,663.00 7,914.00 8,946.00
   Deferred Income Tax -28,689.00 -28,844.00 -29,711.00 -1,912.00 1,036.00
   Share Based Compensation 93,206.00 71,571.00 59,361.00 43,259.00 33,355.00
   Change in Working Capital 5,086.00 1,711.00 4,168.00 13,680.00 12,487.00
   Other Operating Activities 735.00 19,460.00 10,190.00 11,770.00 -2,179.00
Investing Cash Flow -8,675.00 -4,730.00 -6,587.00 -4,016.00 -2,730.00
   Capital Expenditure -8,675.00 -4,730.00 -6,587.00 -4,016.00 -2,730.00
   Net Purchase/Sale of PPE -8,675.00 -4,730.00 -6,587.00 -4,016.00 -2,730.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 8,675.00 4,730.00 6,587.00 4,016.00 2,730.00
Financing Cash Flow -286,366.00 -196,047.00 -204,460.00 -120,418.00 -43,561.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 286,366.00 196,047.00 204,460.00 120,418.00 43,561.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -572,732.00 -392,094.00 -408,920.00 -240,836.00 -87,122.00
Net Change in Cash -4,511.00 45,278.00 -38,243.00 59,001.00 94,027.00
   Cash at Beginning of Period 270,741.00 225,463.00 263,706.00 204,705.00 110,678.00
   Cash at End of Period 266,230.00 270,741.00 225,463.00 263,706.00 204,705.00
Free Cash Flow 286,328.00 241,488.00 173,043.00 181,167.00 138,155.00
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 768,823.00 744,684.00 708,221.00 757,551.00 698,140.00 674,762.00 673,353.00 530,843.00 570,178.00 511,754.00 539,708.00 458,528.00 465,412.00
   Current Assets 525,770.00 483,346.00 455,335.00 503,264.00 452,313.00 445,206.00 479,190.00 371,504.00 415,375.00 377,270.00 408,419.00 330,051.00 334,041.00
      Cash and Short-Term Investments 263,555.00 230,593.00 205,873.00 266,230.00 214,952.00 207,524.00 270,741.00 181,595.00 225,463.00 216,317.00 263,706.00 197,166.00 204,705.00
            Cash and Cash Equivalents 263,555.00 230,593.00 205,873.00 266,230.00 214,952.00 207,524.00 270,741.00 181,595.00 225,463.00 216,317.00 263,706.00 197,166.00 204,705.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 219,556.00 209,843.00 210,694.00 205,475.00 199,756.00 205,701.00 181,173.00 160,568.00 166,767.00 132,038.00 124,420.00 106,274.00 109,202.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 42,659.00 42,910.00 38,768.00 31,559.00 37,605.00 31,981.00 27,276.00 29,341.00 23,145.00 28,915.00 20,293.00 26,611.00 20,134.00
   Non-Current Assets 243,053.00 261,338.00 252,886.00 254,287.00 245,827.00 229,556.00 194,163.00 159,339.00 154,803.00 134,484.00 131,289.00 128,477.00 131,371.00
      Property, Plant, Equipment Net 65,784.00 63,323.00 61,874.00 61,894.00 62,903.00 64,715.00 33,440.00 29,022.00 30,597.00 38,757.00 41,161.00 46,065.00 49,373.00
      Goodwill 62,244.00 62,244.00 62,232.00 62,226.00 62,236.00 62,232.00 62,235.00 62,233.00 62,230.00 62,236.00 62,239.00 62,244.00 62,252.00
      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 76,374.00 99,495.00 92,389.00 94,505.00 86,551.00 69,868.00 66,043.00 39,743.00 37,206.00 11,627.00 7,650.00 2,117.00 5,760.00
      Other Non-Current Assets 38,651.00 36,276.00 36,391.00 35,662.00 34,137.00 32,741.00 32,445.00 28,341.00 24,770.00 21,864.00 20,239.00 18,051.00 13,986.00
Liabilities 459,607.00 465,925.00 463,126.00 458,425.00 420,189.00 435,155.00 395,075.00 349,771.00 343,378.00 294,618.00 289,064.00 253,868.00 246,515.00
   Current Liabilities 400,408.00 407,165.00 405,016.00 400,304.00 362,243.00 372,020.00 365,915.00 322,753.00 315,595.00 257,048.00 249,042.00 206,738.00 196,986.00
      Payables and Expenses 45,030.00 46,164.00 82,457.00 100,059.00 46,696.00 83,195.00 100,748.00 81,989.00 82,219.00 70,755.00 73,105.00 63,398.00 61,641.00
            Account Payables 21,355.00 23,897.00 24,199.00 26,615.00 23,183.00 26,401.00 24,508.00 25,357.00 25,701.00 24,586.00 19,625.00 18,327.00 17,805.00
            Current Accrued Liabilities 23,589.00 22,001.00 58,258.00 73,444.00 23,227.00 56,794.00 76,240.00 56,632.00 56,518.00 46,169.00 53,480.00 45,071.00 43,836.00
      Short-Term Debt 0 0 0 3,532.00 0 0 6,428.00 5,991.00 5,962.00 6,821.00 6,813.00 6,224.00 6,569.00
      Other Current Liabilities 355,378.00 361,001.00 322,559.00 296,713.00 315,547.00 288,825.00 258,739.00 234,773.00 227,414.00 179,472.00 169,124.00 137,116.00 128,776.00
   Non-Current Liabilities 59,199.00 58,760.00 58,110.00 58,121.00 57,946.00 63,135.00 29,160.00 27,018.00 27,783.00 37,570.00 40,022.00 47,130.00 49,529.00
      Long-Term Debt 47,713.00 48,585.00 46,999.00 47,794.00 50,028.00 51,813.00 17,694.00 13,044.00 14,065.00 21,247.00 23,157.00 26,132.00 27,843.00
      Other Non-Current Liabilities 11,486.00 10,175.00 11,111.00 10,327.00 7,918.00 11,322.00 11,466.00 13,974.00 13,718.00 16,323.00 16,865.00 20,998.00 21,686.00
Equity 309,216.00 278,759.00 245,095.00 299,126.00 277,951.00 239,607.00 278,278.00 181,072.00 226,800.00 217,136.00 250,644.00 204,660.00 218,897.00
   Shareholders Equity 309,216.00 278,759.00 245,095.00 299,126.00 277,951.00 239,607.00 278,278.00 181,072.00 226,800.00 217,136.00 250,644.00 204,660.00 218,897.00
      Capital Stock 602.00 604.00 607.00 609.00 610.00 615.00 615.00 620.00 621.00 631.00 631.00 636.00 635.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 0
      Retained Earnings 338,690.00 304,480.00 274,078.00 329,439.00 303,361.00 266,757.00 304,701.00 207,176.00 253,711.00 237,463.00 269,841.00 222,815.00 236,524.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -30,076.00 -26,325.00 -29,590.00 -30,922.00 -26,020.00 -27,765.00 -27,038.00 -26,724.00 -27,532.00 -20,958.00 -19,828.00 -18,791.00 -18,262.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 900.00 900.00 0 900.00 900.00 0 0 0 0 0 0
Debt 47,713.00 48,585.00 46,999.00 47,794.00 50,028.00 51,813.00 17,694.00 13,044.00 14,065.00 21,247.00 23,157.00 26,132.00 27,843.00
Common Shares Outstanding 60,256.44 60,468.40 60,714.81 60,921.19 61,072.62 61,569.55 61,566.04 62,026.84 62,191.57 63,113.22 63,154.49 63,616.71 63,527.19
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 275,795.00 272,421.00 262,787.00 266,681.00 254,552.00 221,013.00 178,956.00 156,850.00
Cost Of Revenue 119,812.00 116,215.00 343,701.00 118,660.00 357,861.00 310,887.00 250,281.00 222,195.00
Interest Expense 0 0 0.00 0 0.00 0.00 0.00 0.00
Net Interest 0 0 1,101.00 0 0 0 0 0
Non-Interest Expense 42,135.00 45,955.00 0 36,894.00 0 0 0 0
Gross Profit 155,983.00 156,206.00 -80,914.00 148,021.00 -103,309.00 -89,874.00 -71,325.00 -65,345.00
Operating Expenses 80,155.00 82,410.00 -144,086.00 72,931.00 -160,939.00 -136,959.00 -105,297.00 -90,770.00
   Selling, General and Administrative Expenses 42,135.00 45,955.00 45,280.00 36,894.00 41,132.00 38,018.00 32,355.00 30,965.00
   Research and Development Expenses 36,360.00 34,871.00 35,298.00 34,349.00 35,010.00 30,794.00 27,455.00 24,260.00
   Other Operating Expenses 0 0 -224,664.00 0 -237,081.00 -205,771.00 -165,107.00 -145,995.00
Operating Income 75,828.00 73,796.00 63,172.00 75,090.00 57,630.00 47,085.00 33,972.00 25,425.00
Net Non-Operating Income 2,604.00 715.00 1,337.00 1,312.00 996.00 143.00 738.00 -293.00
EBT 78,432.00 74,503.00 64,509.00 76,402.00 58,626.00 47,228.00 34,710.00 25,132.00
Income Tax 19,799.00 17,723.00 11,927.00 12,621.00 4,825.00 8,437.00 4,118.00 2,489.00
Net Income Including Non-Controlling Interests 58,633.00 56,780.00 0 63,781.00 0 0 0 0
Net Income 58,633.00 56,780.00 52,582.00 63,781.00 53,801.00 38,791.00 30,592.00 22,643.00
EBIT 75,828.00 73,796.00 64,509.00 75,090.00 58,626.00 47,228.00 34,710.00 25,132.00
Deprecation and Amortization 1,660.00 1,584.00 1,541.00 1,688.00 1,493.00 1,487.00 1,747.00 2,135.00
EBITDA 77,488.00 75,380.00 66,050.00 76,778.00 60,119.00 48,715.00 36,457.00 27,267.00
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 60,381.00 60,612.00 60,870.00 61,169.00 61,625.00 62,211.00 63,213.00 63,645.00
Average Shares Outstanding Diluted 60,954.00 61,074.00 61,527.00 61,948.00 62,493.00 62,767.00 63,871.00 64,466.00
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 93,110.00 74,050.00 75,260.00 62,299.00 54,738.00 58,716.00 31,792.00 39,885.00
   Operating Net Income 58,633.00 56,780.00 52,582.00 63,781.00 53,801.00 38,791.00 30,592.00 22,643.00
   Deprecation and Amortization 1,660.00 1,584.00 1,541.00 1,688.00 1,493.00 1,487.00 1,747.00 2,135.00
   Deferred Income Tax 22,903.00 -7,090.00 2,133.00 -8,025.00 -3,869.00 -2,523.00 -3,985.00 3,636.00
   Share Based Compensation 27,577.00 24,275.00 28,826.00 23,853.00 22,095.00 16,640.00 14,138.00 10,051.00
   Change in Working Capital -16,876.00 -1,827.00 8,302.00 -19,287.00 1,664.00 13,147.00 -4,029.00 -853.00
   Other Operating Activities -787.00 328.00 -18,124.00 289.00 -20,446.00 -8,826.00 -6,671.00 2,273.00
Investing Cash Flow -5,928.00 -3,980.00 -891.00 -1,009.00 -2,321.00 -666.00 -1,159.00 -569.00
   Capital Expenditure 0 0 -891.00 0 -2,321.00 -666.00 -1,159.00 -569.00
   Net Purchase/Sale of PPE -5,928.00 -3,980.00 -891.00 -1,009.00 -2,321.00 -666.00 -1,159.00 -569.00
   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 0.00 0.00 891.00 0.00 2,321.00 666.00 1,159.00 569.00
Financing Cash Flow -51,549.00 -50,191.00 -136,447.00 -51,604.00 -113,834.00 -101,688.00 -77,108.00 -46,402.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity -51,549.00 -50,191.00 136,447.00 -51,604.00 113,834.00 101,688.00 77,108.00 46,402.00
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0.00 -272,894.00 0.00 -227,668.00 -203,376.00 -154,216.00 -92,804.00
Net Change in Cash 35,633.00 19,879.00 -60,357.00 9,686.00 -63,217.00 -43,868.00 -47,389.00 -7,539.00
   Cash at Beginning of Period 230,593.00 205,873.00 266,230.00 202,709.00 270,741.00 225,463.00 263,706.00 204,705.00
   Cash at End of Period 263,555.00 230,593.00 205,873.00 214,952.00 207,524.00 181,595.00 216,317.00 197,166.00
Free Cash Flow 87,182.00 70,070.00 74,369.00 61,290.00 52,417.00 58,050.00 30,633.00 39,316.00