Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings
Price to Sales
Book Value Per Common Share 2.40 2.60 3.23 4.68 3.25
Price to Book
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA
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 2022-03-31 2021-12-31 2020-12-31
Price to Earnings 291.20 266.01
Price to Sales 26.59 19.94 338.60
Book Value Per Common Share 2.87 2.64 2.49 2.40 2.49 2.47 2.60 3.05 4.41 4.68 3.25
Price to Book 118.65 91.69 109.14
Price to Operating Cash Flow 93.28 99.47 8585.80
Price to Free Cash Flow 106.14 131.25 -30580.90
Enterprise Value to EBITDA 24449085.19 27994153.86 57291091.55

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 54.96 73.65 20.37 280.83
EBITDA YoY
Net Profit YoY
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 2022-03-31 2021-12-31 2020-12-31
Earning YoY 28.57
Revenue YoY 7.37 17.72 11.55 33.25 67.85 46.04
EBITDA YoY 62.27 85.25
Net Profit YoY 32.36 7326.77

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 1.92 2.35 43.97 5.49 3.91
Quick Ratio 1.49 1.96 3.22 4.44 4.38
Current Ratio 1.80 2.32 3.55 4.76 4.61
Debt to Equity 0.78 0.64 0.46 0.38 0.45
Long-Term Debt to Equity 0.11 0.13 0.12 0.13 0.17
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 2022-03-31 2021-12-31 2020-12-31
Cash Per Common Share 36.63 25.44 1.81 1.89 25.51 2.06 2.34 2.61 4.69 4.96 3.91
Quick Ratio 2.09 1.65 1.63 1.49 1.63 1.72 1.96 3.07 4.68 4.44 4.38
Current Ratio 2.39 1.95 1.96 1.80 1.93 2.08 2.32 3.75 5.05 4.76 4.61
Debt to Equity 0.85 0.67 0.67 0.78 0.70 0.69 0.64 0.43 0.36 0.38 0.45
Long-Term Debt to Equity 0.27 0.08 0.10 0.11 0.11 0.13 0.13 0.13 0.13 0.13 0.17

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -10.89 -15.19 -31.41 -16.35 -28.51
ROE -19.35 -24.93 -45.71 -22.64 -41.27
Gross Margin 84.41 84.55 79.77 85.98 77.12
Operating Margin -29.67 -32.74 -126.40 -119.81 -517.97
EBITDA Margin -25.16 -29.18 -121.71 -115.86 -507.68
Net Profit Margin -16.92 -35.86 -141.52 -120.15 -517.01
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 2022-03-31 2021-12-31 2020-12-31
ROA 1.64 1.50 0.02 -2.08 -4.43 -5.85 -5.41
ROE 3.02 2.50 0.04 -3.53 -7.47 -8.38 -7.38
Gross Margin 86.09 87.49 85.23 82.98 83.38 81.74 78.72
Operating Margin 11.55 6.68 3.03 -12.01 -30.74 -74.22 -135.58
EBITDA Margin 14.19 9.39 5.97 -4.89 -27.37 -69.75 -130.17
Net Profit Margin 8.84 7.17 0.11 -12.12 -33.41 -77.81 -141.63

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 2022-03-31 2021-12-31 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 5,920,910.00 5,805,275.00 6,379,290.00 8,645,949.00 5,600,757.00
   Current Assets 3,991,593.00 4,203,414.00 5,207,078.00 7,613,880.00 4,960,690.00
      Cash and Short-Term Investments 2,627,410.00 3,185,873.00 4,534,815.00 6,617,968.00 4,650,982.00
            Cash and Cash Equivalents 2,627,410.00 3,183,273.00 3,869,564.00 4,376,006.00 1,382,257.00
            Short-Term Investments 0 2,600.00 665,251.00 2,241,962.00 3,268,725.00
      Net Receivables 676,278.00 358,027.00 198,984.00 483,113.00 60,403.00
      Inventory 494,986.00 416,122.00 282,346.00 242,626.00 89,293.00
      Other Current Assets 192,919.00 243,392.00 190,933.00 270,173.00 160,012.00
   Non-Current Assets 1,929,317.00 1,601,861.00 1,172,212.00 1,032,069.00 640,067.00
      Property, Plant, Equipment Net 1,717,732.00 1,419,361.00 923,979.00 705,036.00 448,267.00
      Goodwill 0 0 109.00 109.00 109.00
      Intangible Assets 51,095.00 57,138.00 94,568.00 46,679.00 5,000.00
      Long-Term Investments 128,933.00 89,644.00 91,779.00 100,792.00 49,344.00
      Non-Current Deferred Assets 0 0 0 110,424.00 65,962.00
      Other Non-Current Assets 31,557.00 35,718.00 0 69,029.00 71,385.00
Liabilities 2,588,688.00 2,267,948.00 1,995,935.00 2,402,962.00 1,731,514.00
   Current Liabilities 2,214,899.00 1,810,113.00 1,468,528.00 1,599,555.00 1,075,199.00
      Payables and Expenses 1,208,710.00 1,008,842.00 602,547.00 820,455.00 578,101.00
            Account Payables 404,997.00 315,111.00 294,781.00 262,400.00 231,957.00
            Current Accrued Liabilities 803,713.00 693,731.00 232,791.00 558,055.00 346,144.00
      Short-Term Debt 869,105.00 710,316.00 353,010.00 449,490.00 348,910.00
      Other Current Liabilities 137,084.00 90,955.00 512,971.00 329,610.00 148,188.00
   Non-Current Liabilities 373,789.00 457,835.00 527,407.00 803,407.00 656,315.00
      Long-Term Debt 210,761.00 219,869.00 243,665.00 245,154.00 213,054.00
      Other Non-Current Liabilities 163,028.00 237,966.00 283,742.00 558,253.00 443,261.00
Equity 3,332,222.00 3,537,327.00 4,383,355.00 6,242,987.00 3,869,243.00
   Shareholders Equity 3,332,222.00 3,537,327.00 4,383,355.00 6,242,987.00 3,869,243.00
      Capital Stock 138.00 135.00 135.00 133.00 118.00
      Share Premium 12,087,908.00 11,598,688.00 11,540,979.00 11,191,007.00 7,414,932.00
      Retained Earnings -8,606,836.00 -7,962,050.00 -7,080,342.00 -4,966,103.00 -3,552,749.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -148,988.00 -99,446.00 -77,417.00 17,950.00 6,942.00
   Minority Interest 0 0 0 0 0
Investments 128,933.00 89,644.00 0 2,241,962.00 3,268,725.00
Debt 1,079,866.00 930,185.00 596,675.00 694,644.00 561,964.00
Common Shares Outstanding 1,387,367.70 1,359,513.22 1,356,140.18 1,334,804.28 1,190,821.94
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 3,810,241.00 2,458,779.00 1,415,921.00 1,176,283.00 308,874.00
Cost Of Revenue 594,089.00 379,920.00 286,475.00 164,906.00 70,657.00
Interest Income 97,831.00 94,809.00 52,480.00 13,506.00 20,307.00
Interest Expense 46,894.00 20,800.00 0 29,263.00 18,309.00
Net Interest 50,937.00 74,009.00 0 -15,757.00 1,998.00
Non-Interest Expense 0 0 1,278,603.00 0 0
Gross Profit 3,216,152.00 2,078,859.00 1,129,446.00 1,011,377.00 238,217.00
Operating Expenses 4,495,357.00 3,286,595.00 2,919,111.00 2,450,112.00 1,895,899.00
   Selling, General and Administrative Expenses 2,188,159.00 1,504,501.00 1,278,603.00 990,123.00 600,176.00
   Research and Development Expenses 2,382,363.00 1,831,908.00 1,640,508.00 1,459,239.00 1,411,882.00
   Other Operating Expenses -75,165.00 -49,814.00 0 750.00 -116,159.00
Operating Income -1,279,205.00 -1,207,736.00 -1,789,665.00 -1,438,735.00 -1,657,682.00
Net Non-Operating Income 101,821.00 381,900.00 -223,852.00 147.00 39,488.00
EBT -1,177,384.00 -825,836.00 -1,961,037.00 -1,438,588.00 -1,618,194.00
Income Tax 112,188.00 55,872.00 42,778.00 25,234.00 17,671.00
Net Income Including Non-Controlling Interests 0 -881,708.00 -2,003,815.00 -1,413,354.00 -1,600,523.00
Net Income Non-Controlling Interests 0 0.00 0 0.00 3,617.00
Net Income -644,786.00 -881,708.00 -2,003,815.00 -1,413,354.00 -1,596,906.00
EBIT -1,130,490.00 -805,036.00 -1,789,665.00 -1,409,325.00 -1,599,885.00
Deprecation and Amortization 171,762.00 87,675.00 66,278.00 46,457.00 31,789.00
EBITDA -958,728.00 -717,361.00 -1,723,387.00 -1,362,868.00 -1,568,096.00
EPS -0.00 -0.00 -0.02 -0.00 0
Diluted EPS -0.00 -0.00 -0.02 -0.00 0
Average Shares Outstanding Basic 1,368,746.79 1,357,034.55 103,133.04 1,206,210.05 0
Average Shares Outstanding Diluted 1,368,746.79 1,357,034.55 103,133.04 1,206,210.05 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -140,631.00 -1,157,453.00 -1,496,619.00 -1,298,723.00 -1,283,461.00
   Operating Net Income -644,786.00 -881,708.00 -2,003,815.00 -1,413,354.00 -1,600,523.00
   Deprecation and Amortization 171,762.00 87,675.00 66,278.00 46,457.00 31,789.00
   Deferred Income Tax 25,983.00 689.00 2,059.00 -41,085.00 -27,807.00
   Share Based Compensation 441,618.00 367,618.00 303,162.00 240,712.00 183,481.00
   Change in Working Capital -157,167.00 -370,539.00 132,391.00 -118,345.00 150,686.00
   Other Operating Activities 21,959.00 -361,188.00 3,306.00 -13,108.00 -21,087.00
Investing Cash Flow -548,350.00 60,004.00 1,077,123.00 640,659.00 -3,168,366.00
   Capital Expenditure -497,337.00 -600,626.00 0 -306,351.00 -117,508.00
   Net Purchase/Sale of PPE -497,337.00 -581,261.00 -325,434.00 -306,351.00 -117,508.00
   Net Purchase/Sale of Investments Net -207.00 673,240.00 1,547,707.00 3,146,891.00 -2,939,333.00
   Net Purchase/Sale of Business 0 0 0 0 -2,025.00
   Other Investing Activities 446,531.00 568,651.00 -145,150.00 -1,893,530.00 8,008.00
Financing Cash Flow 193,449.00 416,478.00 -18,971.00 3,636,911.00 5,202,826.00
   Net Issuance/Repayment of Debt 145,076.00 360,766.00 -65,935.00 101,533.00 289,597.00
   Net Issuance/Repurchase of Equity 0 0 0 3,442,616.00 4,232,017.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 48,373.00 55,712.00 46,964.00 92,762.00 681,212.00
Net Change in Cash -547,237.00 -689,053.00 -438,467.00 2,992,882.00 769,230.00
   Cash at Beginning of Period 3,185,984.00 3,875,037.00 4,382,887.00 1,390,005.00 620,775.00
   Cash at End of Period 2,638,747.00 3,185,984.00 3,875,037.00 4,382,887.00 1,390,005.00
Free Cash Flow -637,968.00 -1,758,079.00 -1,965,718.00 -1,605,074.00 -1,400,969.00
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 2022-03-31 2021-12-31 2020-12-31
Assets 7,632,586.00 6,298,394.00 5,841,526.00 5,920,910.00 5,830,860.00 5,667,681.00 5,805,275.00 5,956,775.00 8,021,388.00 8,645,949.00 5,600,757.00
   Current Assets 5,664,477.00 4,310,221.00 3,896,492.00 3,991,593.00 3,911,736.00 3,907,750.00 4,203,414.00 4,704,318.00 6,948,139.00 7,613,880.00 4,960,690.00
      Cash and Short-Term Investments 4,036,868.00 2,756,056.00 2,516,411.00 2,627,410.00 2,701,933.00 2,793,370.00 3,185,873.00 3,538,803.00 6,245,275.00 6,617,968.00 4,650,982.00
            Cash and Cash Equivalents 4,036,868.00 2,756,056.00 2,516,411.00 2,627,410.00 2,701,933.00 2,793,370.00 3,183,273.00 3,538,803.00 4,347,492.00 4,376,006.00 1,382,257.00
            Short-Term Investments 0 0 0 0 0 0 2,600.00 0 1,897,783.00 2,241,962.00 3,268,725.00
      Net Receivables 902,379.00 880,130.00 717,239.00 676,278.00 603,014.00 435,294.00 358,027.00 309,628.00 190,800.00 483,113.00 60,403.00
      Inventory 531,687.00 502,867.00 494,660.00 494,986.00 431,676.00 447,345.00 416,122.00 296,995.00 245,628.00 242,626.00 89,293.00
      Other Current Assets 193,543.00 171,168.00 168,182.00 192,919.00 175,113.00 231,741.00 243,392.00 558,892.00 266,436.00 270,173.00 160,012.00
   Non-Current Assets 1,968,109.00 1,988,173.00 1,945,034.00 1,929,317.00 1,919,124.00 1,759,931.00 1,601,861.00 1,252,457.00 1,073,249.00 1,032,069.00 640,067.00
      Property, Plant, Equipment Net 1,770,887.00 1,766,408.00 1,745,004.00 1,717,732.00 1,699,974.00 1,505,739.00 1,419,361.00 1,034,393.00 740,170.00 705,036.00 448,267.00
      Goodwill 0 0 0 0 0 0 0 109.00 109.00 109.00 109.00
      Intangible Assets 63,581.00 64,890.00 50,139.00 51,095.00 53,939.00 55,171.00 57,138.00 39,735.00 45,807.00 46,679.00 5,000.00
      Long-Term Investments 100,652.00 119,475.00 121,144.00 128,933.00 138,234.00 143,615.00 89,644.00 97,947.00 83,890.00 100,792.00 49,344.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 115,760.00 110,424.00 65,962.00
      Other Non-Current Assets 32,989.00 37,400.00 28,747.00 31,557.00 26,977.00 55,406.00 35,718.00 80,273.00 87,513.00 69,029.00 71,385.00
Liabilities 3,503,260.00 2,527,919.00 2,342,013.00 2,588,688.00 2,394,787.00 2,307,320.00 2,267,948.00 1,799,469.00 2,135,888.00 2,402,962.00 1,731,514.00
   Current Liabilities 2,368,425.00 2,209,837.00 1,983,721.00 2,214,899.00 2,025,332.00 1,881,689.00 1,810,113.00 1,254,551.00 1,376,306.00 1,599,555.00 1,075,199.00
      Payables and Expenses 1,162,258.00 1,041,955.00 1,056,677.00 1,208,710.00 827,899.00 926,013.00 1,008,842.00 659,282.00 622,891.00 820,455.00 578,101.00
            Account Payables 383,676.00 360,783.00 364,498.00 404,997.00 307,532.00 356,575.00 315,111.00 241,360.00 236,915.00 262,400.00 231,957.00
            Current Accrued Liabilities 666,190.00 549,342.00 692,179.00 803,713.00 437,464.00 569,438.00 693,731.00 417,922.00 385,976.00 558,055.00 346,144.00
      Short-Term Debt 829,028.00 825,644.00 781,773.00 869,105.00 881,510.00 846,366.00 710,316.00 306,353.00 430,281.00 449,490.00 348,910.00
      Other Current Liabilities 377,139.00 342,238.00 145,271.00 137,084.00 315,923.00 109,310.00 90,955.00 288,916.00 323,134.00 329,610.00 148,188.00
   Non-Current Liabilities 1,134,835.00 318,082.00 358,292.00 373,789.00 369,455.00 425,631.00 457,835.00 544,918.00 759,582.00 803,407.00 656,315.00
      Long-Term Debt 190,958.00 200,031.00 215,052.00 210,761.00 219,967.00 216,749.00 219,869.00 238,841.00 241,594.00 245,154.00 213,054.00
      Other Non-Current Liabilities 943,877.00 118,051.00 143,240.00 163,028.00 149,488.00 208,882.00 237,966.00 306,077.00 517,988.00 558,253.00 443,261.00
Equity 4,129,326.00 3,770,475.00 3,499,513.00 3,332,222.00 3,436,073.00 3,360,361.00 3,537,327.00 4,157,306.00 5,885,500.00 6,242,987.00 3,869,243.00
   Shareholders Equity 4,129,326.00 3,770,475.00 3,499,513.00 3,332,222.00 3,436,073.00 3,360,361.00 3,537,327.00 4,157,306.00 5,885,500.00 6,242,987.00 3,869,243.00
      Capital Stock 144.00 143.00 140.00 138.00 138.00 136.00 135.00 136.00 133.00 133.00 118.00
      Share Premium 12,616,844.00 12,395,276.00 12,247,260.00 12,087,908.00 11,974,415.00 11,705,069.00 11,598,688.00 11,644,957.00 11,268,290.00 11,191,007.00 7,414,932.00
      Retained Earnings -8,386,405.00 -8,511,246.00 -8,605,566.00 -8,606,836.00 -8,454,955.00 -8,213,200.00 -7,962,050.00 -7,428,773.00 -5,400,377.00 -4,966,103.00 -3,552,749.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -101,257.00 -113,698.00 -142,321.00 -148,988.00 -83,525.00 -131,644.00 -99,446.00 -59,014.00 17,454.00 17,950.00 6,942.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 121,144.00 128,933.00 0 143,615.00 89,644.00 97,947.00 1,897,783.00 2,241,962.00 3,268,725.00
Debt 1,019,986.00 1,025,675.00 996,825.00 1,079,866.00 1,101,477.00 1,063,115.00 930,185.00 545,194.00 671,875.00 694,644.00 561,964.00
Common Shares Outstanding 1,438,083.59 1,428,203.30 1,403,281.82 1,387,367.70 1,380,494.16 1,359,524.37 1,359,513.22 1,362,652.10 1,334,805.27 1,334,804.28 1,190,821.94
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Revenues 1,412,284.00 1,315,300.00 1,117,279.00 1,001,599.00 751,652.00 447,801.00 306,626.00
Cost Of Revenue 196,510.00 164,606.00 165,002.00 170,462.00 124,935.00 81,789.00 65,237.00
Interest Income 3,029.00 3,497.00 18,809.00 10,643.00 28,564.00 20,590.00 15,599.00
Interest Expense 0 0 12,961.00 0 12,404.00 4,574.00 5,528.00
Net Interest 0 0 5,848.00 0 16,160.00 16,016.00 10,071.00
Non-Interest Expense 528,998.00 537,913.00 0 455,223.00 0 0 0
Gross Profit 1,215,774.00 1,150,694.00 952,277.00 831,137.00 626,717.00 366,012.00 241,389.00
Operating Expenses 1,052,660.00 1,062,809.00 941,175.00 951,402.00 888,065.00 737,270.00 684,676.00
   Selling, General and Administrative Expenses 528,998.00 537,913.00 459,288.00 455,223.00 427,427.00 328,499.00 294,573.00
   Research and Development Expenses 523,662.00 524,896.00 502,594.00 496,179.00 474,122.00 426,401.00 412,311.00
   Other Operating Expenses 0 0 -20,707.00 0 -13,484.00 -17,630.00 -22,208.00
Operating Income 163,114.00 87,885.00 11,102.00 -120,265.00 -261,348.00 -371,258.00 -443,287.00
Net Non-Operating Income -18,979.00 8,167.00 9,798.00 11,318.00 17,922.00 34,319.00 22,038.00
EBT 147,164.00 99,549.00 20,900.00 -98,304.00 -243,426.00 -336,939.00 -421,249.00
Income Tax 22,323.00 5,229.00 19,630.00 23,046.00 7,724.00 11,492.00 13,025.00
Equity Method Investments Income 0 0 -13,375.00 0 0 0 0
Net Income Including Non-Controlling Interests 124,841.00 94,320.00 0 -121,350.00 -251,150.00 0 0
Net Income Non-Controlling Interests 0 0 0 0 0.00 0 0
Net Income 124,841.00 94,320.00 1,270.00 -121,350.00 -251,150.00 -348,431.00 -434,274.00
EBIT 163,114.00 87,885.00 33,861.00 -120,265.00 -231,022.00 -332,365.00 -415,721.00
Deprecation and Amortization 37,284.00 35,614.00 32,804.00 71,292.00 25,293.00 20,011.00 16,600.00
EBITDA 200,398.00 123,499.00 66,665.00 -48,973.00 -205,729.00 -312,354.00 -399,121.00
EPS 0.00 0.00 0 -0.00 -0.00 -0.00 -0.00
Diluted EPS 0.00 0.00 0 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 110,215.51 108,320.52 1,390,052.97 105,903.99 1,355,547.63 1,354,164.76 1,332,017.26
Average Shares Outstanding Diluted 114,519.26 112,559.80 1,445,253.22 105,903.99 1,355,547.63 1,354,164.76 1,332,017.26
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow 402,553.00 263,598.00 44,082.00 188,369.00 -308,572.00 -563,777.00 -236,563.00
   Operating Net Income 124,841.00 94,320.00 1,270.00 -121,350.00 -251,150.00 -348,431.00 -434,274.00
   Deprecation and Amortization 37,284.00 35,614.00 32,804.00 71,292.00 25,293.00 20,011.00 16,600.00
   Deferred Income Tax 0 0 0 0 0 36.00 -5,286.00
   Share Based Compensation 140,809.00 150,809.00 95,478.00 114,697.00 88,667.00 75,322.00 65,555.00
   Change in Working Capital 100,020.00 5,353.00 -78,027.00 130,467.00 -155,359.00 -294,061.00 122,143.00
   Other Operating Activities -401.00 -22,498.00 -7,443.00 -6,737.00 -16,023.00 -16,654.00 -1,301.00
Investing Cash Flow -49,274.00 -66,605.00 -121,941.00 -133,882.00 -209,831.00 241,063.00 210,393.00
   Capital Expenditure 0 0 -56,407.00 0 -161,252.00 -125,585.00 -45,131.00
   Net Purchase/Sale of PPE -48,084.00 -43,826.00 -56,407.00 -133,655.00 -161,252.00 -125,585.00 -45,131.00
   Net Purchase/Sale of Investments Net 0 0 -5,534.00 0 -16,779.00 366,648.00 330,524.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Other Investing Activities -1,190.00 -22,779.00 -3,593.00 -227.00 129,452.00 125,585.00 -29,869.00
Financing Cash Flow 961,272.00 35,025.00 -33,777.00 12,662.00 162,293.00 -19,868.00 -11,267.00
   Net Issuance/Repayment of Debt -4,263.00 26,076.00 -97,136.00 -3,561.00 147,502.00 -51,457.00 -23,147.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities 965,535.00 8,949.00 63,359.00 16,223.00 14,791.00 31,589.00 11,880.00
Net Change in Cash 1,314,551.00 232,018.00 -108,156.00 67,149.00 -378,548.00 -331,271.00 -28,437.00
   Cash at Beginning of Period 2,786,086.00 2,530,591.00 2,638,747.00 2,617,931.00 3,185,984.00 3,875,037.00 4,382,887.00
   Cash at End of Period 4,110,542.00 2,786,086.00 2,530,591.00 2,713,428.00 2,807,436.00 3,543,766.00 4,354,450.00
Free Cash Flow 353,778.00 199,772.00 -12,325.00 54,714.00 -469,824.00 -689,362.00 -281,694.00