ROP

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 35.93 42.00 10.07 44.92
Price to Sales 7.91 9.41 8.52 10.71
Book Value Per Common Share 175.84 163.19 151.16 109.61
Price to Book 2.96 3.34 2.86 4.49
Price to Operating Cash Flow 23.26 28.56 62.29 25.74
Price to Free Cash Flow 25.12 30.16 68.88 26.51
Enterprise Value to EBITDA 183537.27 218848.25 215793.55 275771.86
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Price to Earnings 134.78 161.03 191.42 162.23 157.10 165.67 24.69 146.67
Price to Sales 26.60 31.38 33.63 33.80 35.71 31.87 32.67 27.71
Book Value Per Common Share 185.80 182.46 178.99 175.84 172.68 166.33 153.65 128.33 102.53
Price to Book 2.68 3.11 3.29 2.96 3.22 3.37 2.87 3.68 3.93
Price to Operating Cash Flow 61.71 150.93 119.77 78.97 112.91 101.02 104.92 75.68
Price to Free Cash Flow 63.74 163.43 124.94 82.94 117.07 105.51 108.24 77.95
Enterprise Value to EBITDA 655226.40 773967.16 912414.99 805291.86 820602.11 806020.22 862319.03 719286.25

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 11.48 -69.76 291.96
Revenue YoY 13.94 15.00 11.13
EBITDA YoY 14.13 25.35 12.90
Net Profit YoY 11.93 -69.54 294.30
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Earning YoY 5.11 14.29 -10.20 -3.92 34.21 -86.10 595.64
Revenue YoY 3.80 3.23 6.70 4.99 14.36 -3.73 -0.13
EBITDA YoY 3.92 13.56 -6.33 1.31 25.83 0.50 -1.78
Net Profit YoY 5.34 14.26 -10.00 -3.69 34.93 -85.99 599.13

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.76 2.01 7.49 3.34
Quick Ratio 0.31 0.40 0.58 0.36
Current Ratio 0.40 0.50 0.67 0.78
Debt to Equity 0.66 0.61 0.68 1.05
Long-Term Debt to Equity 0.46 0.44 0.50 0.78
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Cash Per Common Share 2.97 2.25 3.47 1.75 2.51 1.85 11.12 30.66 3.15
Quick Ratio 0.46 0.37 0.36 0.31 0.38 0.37 0.69 1.17 0.56
Current Ratio 0.58 0.46 0.46 0.40 0.48 0.49 0.80 1.28 0.71
Debt to Equity 0.73 0.69 0.63 0.66 0.70 0.68 0.66 0.89 1.22
Long-Term Debt to Equity 0.57 0.51 0.44 0.46 0.53 0.52 0.49 0.63 0.99

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.94 4.91 16.84 4.86
ROE 8.21 7.93 28.34 9.97
Gross Margin 69.30 69.72 69.86 70.50
Operating Margin 31.63 30.88 27.45 26.19
EBITDA Margin 43.18 43.11 39.55 38.93
Net Profit Margin 22.01 22.41 84.60 23.84
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
ROA 1.15 1.14 1.05 1.17 1.27 1.04 7.88 1.21
ROE 1.99 1.93 1.72 1.99 2.15 1.73 14.91 2.68
Gross Margin 69.54 69.22 68.71 69.23 70.27 69.31 67.48 65.01
Operating Margin 29.14 29.04 25.54 30.31 31.96 27.05 27.46 27.97
EBITDA Margin 40.59 40.55 36.86 41.99 43.51 39.55 37.88 38.52
Net Profit Margin 19.75 19.46 17.59 20.85 22.73 19.26 132.35 18.91

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio 20.97 5.77 20.51
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 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 22.28 23.42 21.88

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 31,334,700.00 28,167,500.00 26,980,800.00 23,713,900.00
   Current Assets 1,542,700.00 1,481,400.00 1,932,400.00 2,421,100.00
      Cash and Short-Term Investments 188,200.00 214,300.00 792,800.00 351,500.00
            Cash and Cash Equivalents 188,200.00 214,300.00 792,800.00 351,500.00
            Short-Term Investments 0 0 0 0
      Net Receivables 1,012,400.00 984,000.00 877,000.00 786,300.00
      Inventory 120,800.00 118,600.00 111,300.00 69,200.00
      Other Current Assets 221,300.00 164,500.00 151,300.00 1,214,100.00
   Non-Current Assets 29,792,000.00 26,686,100.00 25,048,400.00 21,292,800.00
      Property, Plant, Equipment Net 339,100.00 119,600.00 85,300.00 82,700.00
      Goodwill 19,312,900.00 17,118,800.00 15,946,100.00 13,476,300.00
      Intangible Assets 9,059,600.00 8,212,100.00 8,030,700.00 6,509,100.00
      Long-Term Investments 772,300.00 795,700.00 535,000.00 0
      Non-Current Deferred Assets 54,100.00 32,200.00 55,900.00 50,000.00
      Other Non-Current Assets 254,000.00 407,700.00 395,400.00 1,174,700.00
Liabilities 12,467,100.00 10,722,700.00 10,943,000.00 12,150,100.00
   Current Liabilities 3,832,200.00 2,963,200.00 2,892,500.00 3,121,800.00
      Payables and Expenses 705,900.00 541,400.00 498,500.00 526,300.00
            Account Payables 91,300.00 143,000.00 122,600.00 98,300.00
            Current Accrued Liabilities 614,600.00 243,700.00 262,400.00 218,900.00
      Short-Term Debt 1,043,100.00 542,800.00 745,600.00 840,700.00
      Other Current Liabilities 2,083,200.00 1,879,000.00 1,648,400.00 1,754,800.00
   Non-Current Liabilities 8,634,900.00 7,759,500.00 8,050,500.00 9,028,300.00
      Long-Term Debt 6,579,900.00 5,830,600.00 5,962,500.00 7,122,600.00
      Other Non-Current Liabilities 2,055,000.00 1,928,900.00 2,088,000.00 1,905,700.00
Equity 18,867,600.00 17,444,800.00 16,037,800.00 11,563,800.00
   Shareholders Equity 18,867,600.00 17,444,800.00 16,037,800.00 11,563,800.00
      Capital Stock 1,100.00 1,100.00 1,100.00 1,100.00
      Share Premium 3,014,600.00 2,767,000.00 2,510,200.00 2,307,800.00
      Retained Earnings 16,034,900.00 14,816,300.00 13,730,700.00 9,455,600.00
      Treasury Shares -16,500.00 16,800.00 17,200.00 17,600.00
      Accumulated Other Comprehensive Income -166,500.00 -122,800.00 -187,000.00 -183,100.00
   Minority Interest 0 0 0 0
Investments 772,300.00 0 0 0
Debt 7,623,000.00 6,373,400.00 6,708,100.00 7,963,300.00
Net Debt 7,434,800.00 6,115,800.00 5,868,900.00 7,570,300.00
Common Shares Outstanding 107,300.00 106,900.00 106,100.00 105,500.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 7,039,200.00 6,177,800.00 5,371,800.00 4,833,800.00
Cost Of Revenue 2,160,900.00 1,870,600.00 1,619,000.00 1,426,200.00
Interest Expense 259,200.00 164,700.00 192,400.00 233,900.00
Non-Interest Expense 0 2,562,000.00 2,228,300.00 2,072,000.00
Gross Profit 4,878,300.00 4,307,200.00 3,752,800.00 3,407,600.00
Operating Expenses 2,881,500.00 2,562,000.00 2,228,300.00 2,072,000.00
   Selling, General and Administrative Expenses 2,881,500.00 2,562,000.00 2,228,300.00 2,072,000.00
   Research and Development Expenses 748,100.00 0 0 0
   Other Operating Expenses -748,100.00 0 0 0
Operating Income 1,996,800.00 1,745,200.00 1,524,500.00 1,335,600.00
Net Non-Operating Income -29,600.00 -2,800.00 -50,100.00 24,600.00
EBT 1,967,200.00 1,743,100.00 1,282,000.00 1,031,900.00
Income Tax 417,900.00 374,700.00 296,400.00 226,600.00
Equity Method Investments Income -321,200.00 0 0 0
Net Income Including Non-Controlling Interests 0 1,384,200.00 4,544,700.00 1,152,600.00
Net Income 1,549,300.00 1,384,200.00 4,544,700.00 1,152,600.00
EBIT 2,226,400.00 1,907,800.00 1,474,400.00 1,265,800.00
Deprecation and Amortization 812,800.00 755,200.00 650,100.00 615,900.00
EBITDA 3,039,200.00 2,663,000.00 2,124,500.00 1,881,700.00
EPS 0.01 0.01 0.04 0.01
Diluted EPS 0.01 0.01 0.04 0.01
Average Shares Outstanding Basic 107,100.00 106,600.00 105,900.00 105,300.00
Average Shares Outstanding Diluted 108,000.00 107,400.00 106,800.00 106,500.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 2,393,200.00 2,035,100.00 734,600.00 2,011,900.00
   Operating Net Income 0 1,368,400.00 985,600.00 805,300.00
   Deprecation and Amortization 812,800.00 755,200.00 650,100.00 615,900.00
   Deferred Income Tax 0 374,700.00 296,400.00 221,100.00
   Share Based Compensation 145,900.00 123,500.00 118,500.00 123,000.00
   Change in Working Capital 200,000.00 42,500.00 2,100.00 114,800.00
   Other Operating Activities 1,234,500.00 -629,200.00 -1,318,100.00 131,800.00
Investing Cash Flow -3,468,500.00 -2,126,300.00 1,209,500.00 -142,900.00
   Capital Expenditure -177,000.00 -108,000.00 -70,300.00 -58,200.00
   Net Purchase/Sale of PPE -111,000.00 0 0 0
   Net Purchase/Sale of Investments Net -1,000.00 0 0 0
   Net Purchase/Sale of Business -6,980,200.00 -2,052,700.00 -4,280,100.00 -217,000.00
   Other Investing Activities 3,800,700.00 34,400.00 5,559,900.00 0
Financing Cash Flow 1,069,500.00 -499,500.00 -1,465,300.00 -1,813,500.00
   Net Issuance/Repayment of Debt 1,265,000.00 -340,000.00 -1,270,000.00 -1,650,000.00
   Net Issuance/Repurchase of Equity 18,500.00 15,500.00 14,300.00 15,100.00
   Dividends Paid 321,900.00 -290,200.00 -262,300.00 -236,400.00
   Other Financing Activities -535,900.00 115,200.00 52,700.00 57,800.00
Net Change in Cash -26,100.00 -590,700.00 478,800.00 55,500.00
   Cash at Beginning of Period 214,300.00 792,800.00 351,500.00 308,300.00
   Cash at End of Period 188,200.00 214,300.00 792,800.00 351,500.00
Free Cash Flow 2,216,200.00 1,927,100.00 664,300.00 1,953,700.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Assets 34,584,400.00 33,220,400.00 31,418,800.00 31,334,700.00 31,552,700.00 29,978,500.00 27,134,800.00 25,635,800.00 23,871,100.00
   Current Assets 1,803,200.00 1,654,300.00 1,704,600.00 1,542,700.00 1,592,300.00 1,425,700.00 2,232,200.00 4,485,600.00 1,739,400.00
      Cash and Short-Term Investments 320,000.00 242,400.00 372,800.00 188,200.00 269,600.00 198,400.00 1,181,600.00 3,237,500.00 331,000.00
            Cash and Cash Equivalents 320,000.00 242,400.00 372,800.00 188,200.00 269,600.00 198,400.00 1,181,600.00 3,237,500.00 331,000.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0
      Net Receivables 1,114,600.00 1,058,800.00 949,000.00 1,012,400.00 994,500.00 881,700.00 730,000.00 865,300.00 1,060,000.00
      Inventory 140,800.00 132,200.00 125,500.00 120,800.00 129,000.00 126,000.00 115,000.00 202,700.00 206,000.00
      Other Current Assets 227,800.00 220,900.00 257,300.00 221,300.00 199,200.00 219,600.00 205,600.00 180,100.00 142,400.00
   Non-Current Assets 32,781,200.00 31,566,100.00 29,714,200.00 29,792,000.00 29,960,400.00 28,552,800.00 24,902,600.00 21,150,200.00 22,131,700.00
      Property, Plant, Equipment Net 157,600.00 156,500.00 150,000.00 339,100.00 132,800.00 119,600.00 86,300.00 98,900.00 134,600.00
      Goodwill 21,336,700.00 20,507,600.00 19,408,200.00 19,312,900.00 19,267,200.00 18,310,800.00 15,962,800.00 14,094,900.00 14,405,300.00
      Intangible Assets 9,966,500.00 9,627,400.00 8,916,900.00 9,059,600.00 9,212,700.00 8,830,900.00 7,871,700.00 6,454,100.00 7,066,800.00
      Long-Term Investments 756,000.00 739,700.00 728,200.00 772,300.00 878,600.00 852,500.00 535,000.00 0 0
      Non-Current Deferred Assets 54,800.00 54,600.00 54,700.00 54,100.00 35,900.00 31,200.00 59,300.00 101,400.00 102,300.00
      Other Non-Current Assets 509,600.00 480,300.00 456,200.00 254,000.00 433,200.00 407,800.00 387,500.00 400,900.00 422,700.00
Liabilities 14,591,600.00 13,586,500.00 12,195,200.00 12,467,100.00 13,037,200.00 12,180,900.00 10,802,100.00 12,083,900.00 13,105,400.00
   Current Liabilities 3,125,200.00 3,564,500.00 3,688,000.00 3,832,200.00 3,289,700.00 2,909,500.00 2,775,400.00 3,501,800.00 2,462,900.00
      Payables and Expenses 741,200.00 732,800.00 688,800.00 705,900.00 671,200.00 591,700.00 483,900.00 1,206,000.00 64,000.00
            Account Payables 167,400.00 159,400.00 0 91,300.00 155,800.00 0 0 0 0
            Current Accrued Liabilities 538,000.00 520,300.00 688,800.00 614,600.00 468,400.00 591,700.00 483,900.00 1,206,000.00 64,000.00
      Short-Term Debt 300,000.00 999,800.00 999,400.00 1,043,100.00 699,000.00 499,700.00 699,500.00 799,500.00 502,100.00
      Other Current Liabilities 2,084,000.00 1,831,900.00 1,999,800.00 2,083,200.00 1,919,500.00 1,818,100.00 1,592,000.00 1,496,300.00 1,896,800.00
   Non-Current Liabilities 11,466,400.00 10,022,000.00 8,507,200.00 8,634,900.00 9,747,500.00 9,271,400.00 8,026,700.00 8,582,100.00 10,642,500.00
      Long-Term Debt 9,154,100.00 7,859,200.00 6,457,000.00 6,579,900.00 7,677,600.00 7,222,300.00 5,964,400.00 6,654,800.00 8,571,800.00
      Other Non-Current Liabilities 2,312,300.00 2,162,800.00 2,050,200.00 2,055,000.00 2,069,900.00 2,049,100.00 2,062,300.00 1,927,300.00 2,070,700.00
Equity 19,992,800.00 19,633,900.00 19,223,600.00 18,867,600.00 18,515,500.00 17,797,600.00 16,332,700.00 13,551,900.00 10,765,700.00
   Shareholders Equity 19,992,800.00 19,633,900.00 19,223,600.00 18,867,600.00 18,515,500.00 17,797,600.00 16,332,700.00 13,551,900.00 10,765,700.00
      Capital Stock 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00
      Share Premium 3,242,700.00 3,187,100.00 3,108,700.00 3,014,600.00 2,976,900.00 2,837,100.00 2,570,400.00 2,363,900.00 2,138,900.00
      Retained Earnings 16,875,000.00 16,565,900.00 16,276,900.00 16,034,900.00 15,661,400.00 15,118,000.00 13,941,200.00 11,410,400.00 8,776,000.00
      Treasury Shares 16,000.00 16,100.00 -16,300.00 -16,500.00 16,500.00 -16,700.00 -17,100.00 -17,500.00 -17,900.00
      Accumulated Other Comprehensive Income -110,000.00 -104,100.00 -146,800.00 -166,500.00 -107,400.00 -141,900.00 -162,900.00 -206,000.00 -132,400.00
   Minority Interest 0 0 0 0 0 0 0 0 0
Investments 0 0 728,200.00 772,300.00 0 852,500.00 535,000.00 0 0
Debt 9,454,100.00 8,859,000.00 7,456,400.00 7,623,000.00 8,376,600.00 7,722,000.00 6,663,900.00 7,454,300.00 9,073,900.00
Net Debt 9,134,100.00 8,616,600.00 7,083,600.00 7,434,800.00 8,107,000.00 7,523,600.00 5,482,300.00 4,216,800.00 8,742,900.00
Common Shares Outstanding 107,606.18 107,606.18 0 107,300.00 107,223.17 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 2,017,500.00 1,943,600.00 1,882,800.00 1,764,600.00 1,680,700.00 1,469,700.00 1,526,600.00 1,528,600.00
Cost Of Revenue 614,500.00 598,200.00 589,100.00 542,900.00 499,700.00 451,100.00 496,500.00 534,800.00
Interest Expense 89,700.00 79,100.00 62,900.00 67,700.00 53,200.00 37,400.00 52,600.00 60,600.00
Non-Interest Expense 830,000.00 797,100.00 0 725,100.00 0 0 0 0
Gross Profit 1,403,000.00 1,345,400.00 1,293,700.00 1,221,700.00 1,181,000.00 1,018,600.00 1,030,100.00 993,800.00
Operating Expenses 830,000.00 797,100.00 767,900.00 725,100.00 699,700.00 617,600.00 609,000.00 593,300.00
   Selling, General and Administrative Expenses 830,000.00 797,100.00 2,161,100.00 725,100.00 699,700.00 617,600.00 609,000.00 593,300.00
   Other Operating Expenses 0 0 -1,393,200.00 0 0.00 0.00 0.00 0.00
Operating Income 573,000.00 548,300.00 525,800.00 496,600.00 481,300.00 401,000.00 421,100.00 400,500.00
Net Non-Operating Income 2,000.00 -500.00 -107,800.00 900.00 2,600.00 -40,900.00 -54,500.00 -33,600.00
EBT 498,200.00 485,300.00 418,000.00 467,200.00 483,900.00 360,100.00 366,600.00 366,900.00
Income Tax 99,700.00 107,000.00 86,900.00 99,300.00 101,900.00 75,800.00 79,000.00 77,900.00
Equity Method Investments Income 0 0 44,400.00 0 -113,800.00 -1,200.00 0 0
Net Income Including Non-Controlling Interests 398,500.00 378,300.00 0 367,900.00 0 0 0 0
Net Income 398,500.00 378,300.00 331,100.00 367,900.00 382,000.00 283,100.00 2,020,500.00 289,000.00
EBIT 587,900.00 564,400.00 480,900.00 534,900.00 537,100.00 397,500.00 419,200.00 427,500.00
Deprecation and Amortization 231,100.00 223,700.00 213,100.00 206,000.00 194,200.00 183,700.00 159,100.00 161,300.00
EBITDA 819,000.00 788,100.00 694,000.00 740,900.00 731,300.00 581,200.00 578,300.00 588,800.00
EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00
Average Shares Outstanding Basic 107,600.00 107,600.00 107,400.00 107,200.00 107,000.00 106,300.00 105,600.00 105,000.00
Average Shares Outstanding Diluted 108,400.00 108,400.00 108,200.00 108,100.00 107,900.00 107,000.00 106,700.00 106,000.00
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 869,500.00 404,100.00 528,700.00 755,400.00 531,500.00 463,700.00 475,300.00 559,600.00
   Operating Net Income 398,500.00 378,300.00 0 367,900.00 0 0 0 289,000.00
   Deprecation and Amortization 231,100.00 223,700.00 213,100.00 206,000.00 194,200.00 183,700.00 159,100.00 161,300.00
   Deferred Income Tax 99,700.00 107,000.00 0 99,300.00 0 0 0 0
   Share Based Compensation 46,000.00 43,900.00 38,800.00 39,600.00 33,600.00 29,600.00 35,900.00 32,900.00
   Change in Working Capital 184,900.00 -92,200.00 -151,700.00 201,100.00 -68,000.00 -59,700.00 -23,500.00 76,200.00
   Other Operating Activities -90,700.00 -256,600.00 428,500.00 -158,500.00 371,700.00 310,100.00 303,800.00 200.00
Investing Cash Flow -1,302,700.00 -1,904,500.00 -146,800.00 -1,640,800.00 -1,878,600.00 -50,400.00 2,870,200.00 10,700.00
   Capital Expenditure -27,600.00 -30,900.00 -21,900.00 -36,200.00 -18,900.00 -19,700.00 -14,600.00 -16,300.00
   Net Purchase/Sale of PPE 0 0 -21,900.00 0 -18,900.00 -19,700.00 -14,600.00 10,800.00
   Net Purchase/Sale of Investments Net 0 0 0 0 -1,000.00 -2,800.00 0 0
   Net Purchase/Sale of Business -1,275,200.00 -1,880,300.00 -124,900.00 -1,605,800.00 -1,858,700.00 -1,100.00 -53,200.00 0
   Other Investing Activities 100.00 6,700.00 21,900.00 1,200.00 18,900.00 -7,100.00 2,952,600.00 16,200.00
Financing Cash Flow 514,100.00 1,348,000.00 -207,800.00 886,300.00 1,336,900.00 -52,500.00 -531,600.00 -545,200.00
   Net Issuance/Repayment of Debt 610,000.00 1,400,000.00 -125,000.00 975,000.00 1,390,000.00 0 -470,000.00 -495,000.00
   Net Issuance/Repurchase of Equity 4,900.00 5,300.00 7,200.00 4,200.00 5,800.00 4,700.00 5,500.00 4,700.00
   Dividends Paid -88,800.00 -88,600.00 88,600.00 -80,500.00 80,500.00 72,300.00 65,300.00 58,800.00
   Other Financing Activities -12,000.00 31,300.00 -178,600.00 -12,400.00 -139,400.00 -129,500.00 -132,400.00 -113,700.00
Net Change in Cash 80,900.00 -152,400.00 184,600.00 900.00 -15,900.00 388,800.00 2,886,000.00 22,700.00
   Cash at Beginning of Period 242,400.00 372,800.00 188,200.00 251,500.00 214,300.00 792,800.00 351,500.00 308,300.00
   Cash at End of Period 320,000.00 242,400.00 372,800.00 269,600.00 198,400.00 1,181,600.00 3,237,500.00 331,000.00
Free Cash Flow 841,900.00 373,200.00 506,800.00 719,200.00 512,600.00 444,000.00 460,700.00 543,300.00