UBCP

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 10.24 8.18 9.81 10.28
Price to Sales
Book Value Per Common Share 31.12 32.72 31.22 37.14
Price to Book 0.42 0.39 0.47 0.45
Price to Operating Cash Flow 4.30 4.46 5.05 5.13
Price to Free Cash Flow
Enterprise Value to EBITDA 26068.55 25370.95 41725.38 42464.05
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 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Price to Earnings 14.12 22.31 41.94 13.82 19.61 41.34 10.04 16.40 43.94 14.48 23.41 60.17 11.82 20.08 43.39
Price to Sales 36.92 59.02 140.53
Book Value Per Common Share 21.54 18.15 18.82 31.12 21.38 10.50 10.91 32.72 9.20 20.76 19.96 31.22 9.26 9.86 11.13 37.14 12.06 11.96 11.49
Price to Book 0.65 0.80 0.71 0.42 0.61 1.20 1.33 0.39 1.26 0.58 0.73 0.47 1.74 1.66 1.64 0.45 1.19 1.19 1.25
Price to Operating Cash Flow 9.59 16.64 70.23 10.02 26.51 22.01 9.40 18.12 94.59 16.45 37.95 19.78 12.36 23.97 59.32
Price to Free Cash Flow
Enterprise Value to EBITDA 44842.56 70688.36 134807.95 44522.74 64966.37 140884.66 43162.14 71951.50 203231.56 98366.18 167544.64 390994.85 79755.51 132631.11 280682.18

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -19.11 4.67 -7.41
Revenue YoY
EBITDA YoY 0.11 42.51 -10.87
Net Profit YoY -17.30 3.38 -8.40
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 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Earning YoY 52.31 103.13 48.44 82.86 57.53 121.21 58.57 131.41 70.42 115.15
Revenue YoY 51.46 136.66
EBITDA YoY 51.98 105.34 53.06 87.53 28223.81 61.42 132.88 68.63 62.13 116.46 -14.19 67.00 110.39
Net Profit YoY 51.00 102.24 48.79 87.26 57.39 120.76 56.89 131.18 70.90 114.52

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 3.54 7.43 5.49 15.15
Quick Ratio
Current Ratio
Debt to Equity 0.78 4.99 4.84 3.89
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 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Cash Per Common Share 8.31 8.94 6.54 3.38 6.72 6.67 8.52 7.15 12.91 14.88 18.34 5.24 6.43 3.06 12.60 14.33 16.68 14.89 16.71
Quick Ratio
Current Ratio
Debt to Equity 12.04 13.21 12.66 0.78 11.61 12.56 12.20 4.99 14.48 13.22 13.36 4.84 13.32 11.33 10.48 3.89 9.43 9.53 9.99
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 0.43 0.99 1.03 1.15
ROE 0.76 5.91 6.01 5.63
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
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 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
ROA 0.66 0.45 0.23 0.67 0.45 0.24 0.81 0.50 0.22 0.83 0.56 0.24 0.96 0.56 0.26
ROE 8.60 6.35 3.08 8.48 6.16 3.15 12.47 7.14 3.20 11.95 6.94 2.74 9.99 5.90 2.86
Gross Margin
Operating Margin 462.96 417.20 467.91
EBITDA Margin 490.62 444.97 500.51
Net Profit Margin 329.64 292.15 322.30

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
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 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 1,721,244.00 907,408.00 841,697.00 820,684.00
   Deposits 1,841,857.00 1,866,731.00 1,946,281.00 1,816,127.00
      Cash and Short-Term Investments 19,608.00 40,770.00 30,080.00 82,999.00
            Cash and Cash Equivalents 19,608.00 40,770.00 30,080.00 82,999.00
            Short-Term Investments 0 0 0 0
      Net Receivables 4,322.00 4,098.00 3,403.00 2,345.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 23,599.00 14,984.00 12,144.00 12,757.00
      Goodwill 682.00 682.00 682.00 682.00
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 217,624.00 146,313.00
      Non-Current Deferred Assets 4,011.00 2,409.00 2,423.00 0
      Other Non-Current Assets 0 0 0 0
Liabilities 753,199.00 755,856.00 697,663.00 652,755.00
      Payables and Expenses 0 0 0 0
            Account Payables 0 0 0 0
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 2,873.00 2,764.00 0 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0
Equity 968,045.00 151,552.00 144,034.00 167,929.00
   Shareholders Equity 180,271.00 186,603.00 179,211.00 215,103.00
      Capital Stock 6,203.00 6,064.00 6,044.00 6,054.00
      Share Premium 26,373.00 25,913.00 24,814.00 23,635.00
      Retained Earnings 46,307.00 44,018.00 41,945.00 37,847.00
      Treasury Shares 3,248.00 2,561.00 1,828.00 1,061.00
      Accumulated Other Comprehensive Income -10,100.00 -7,478.00 -9,336.00 6,964.00
   Minority Interest 0 0 0 0
Investments 199,173.00 169,720.00 217,624.00 146,313.00
Debt 74,953.00 72,484.00 71,906.00 70,905.00
Net Debt 55,345.00 31,714.00 41,826.00 0
Common Shares Outstanding 5,793.61 5,702.69 5,740.25 5,791.85
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cost Of Revenue 429.00 0 0 0
Interest Income 79,426.00 37,103.00 27,800.00 24,789.00
Interest Expense 14,721.00 11,014.00 3,273.00 2,596.00
Net Interest 24,800.00 25,835.00 24,388.00 22,112.00
Non-Interest Income 1,215.00 1,046.00 1,065.00 2,287.00
Non-Interest Expense 21,666.00 20,852.00 19,890.00 18,392.00
Provisions for Credit Losses 429.00 0 0 0
   Selling, General and Administrative Expenses 3,563.00 3,117.00 3,037.00 2,794.00
EBT 13,379.00 17,213.00 15,817.00 18,834.00
Income Tax 1,051.00 1,524.00 216.00 457.00
Net Income 7,402.00 8,950.00 8,657.00 9,451.00
EBIT 28,100.00 28,227.00 19,090.00 21,430.00
Deprecation and Amortization 794.00 635.00 1,163.00 1,293.00
EBITDA 28,894.00 28,862.00 20,253.00 22,723.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 5,539.65 5,490.49 5,483.31 5,477.27
Average Shares Outstanding Diluted 5,539.65 5,490.49 5,483.31 5,477.27
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 16,752.00 15,805.00 15,988.00 17,773.00
   Operating Net Income 7,402.00 26,850.00 25,971.00 28,353.00
   Deprecation and Amortization 794.00 635.00 1,163.00 1,293.00
   Deferred Income Tax -904.00 13.00 342.00 112.00
   Share Based Compensation 884.00 658.00 1,005.00 818.00
   Change in Working Capital 2,408.00 983.00 1,882.00 681.00
   Other Operating Activities 6,168.00 -13,334.00 -14,375.00 -13,484.00
Investing Cash Flow -19,465.00 -48,472.00 -103,256.00 -1,209.00
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 9,695.00 1,090.00 622.00 1,397.00
   Net Purchase/Sale of Investments Net 90,611.00 28,248.00 117,582.00 69,289.00
   Net Purchase/Sale of Business 0 0 0 0
   Net Loan & Lease Activity 8,155.00 22,465.00 10,415.00 10,864.00
   Other Investing Activities -127,926.00 -100,275.00 -231,875.00 -82,759.00
Financing Cash Flow -15,945.00 44,178.00 36,530.00 20,251.00
   Net Issuance/Repayment of Debt 3,806.00 83,675.00 2,405.00 2,996.00
   Net Issuance/Repurchase of Equity 687.00 733.00 767.00 72.00
   Dividends Paid 5,113.00 9,577.00 4,559.00 4,101.00
   Other Financing Activities -25,551.00 -49,807.00 28,799.00 13,082.00
Net Change in Cash -21,162.00 10,690.00 -52,919.00 31,407.00
   Cash at Beginning of Period 40,770.00 30,080.00 82,999.00 51,592.00
   Cash at End of Period 19,608.00 40,770.00 30,080.00 82,999.00
Free Cash Flow 0 0 0 0
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 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Assets 866,756.00 847,884.00 830,681.00 1,721,244.00 825,482.00 821,815.00 834,027.00 907,408.00 814,281.00 830,284.00 847,493.00 841,697.00 760,854.00 719,105.00 733,399.00 820,684.00 730,382.00 730,335.00 733,256.00
   Deposits 1,934,481.00 1,927,372.00 1,870,852.00 1,841,857.00 1,849,180.00 1,871,392.00 1,875,062.00 1,866,731.00 628,012.00 643,616.00 653,365.00 1,946,281.00 1,947,267.00 1,820,561.00 1,836,396.00 1,816,127.00 1,825,476.00 1,812,275.00 1,824,478.00
      Cash and Short-Term Investments 45,652.00 49,686.00 36,403.00 19,608.00 37,778.00 37,570.00 46,877.00 40,770.00 70,892.00 81,763.00 100,589.00 30,080.00 35,297.00 16,791.00 68,763.00 82,999.00 91,407.00 86,349.00 97,051.00
            Cash and Cash Equivalents 45,652.00 49,686.00 36,403.00 19,608.00 37,778.00 37,570.00 46,877.00 40,770.00 70,892.00 81,763.00 100,589.00 30,080.00 35,297.00 16,791.00 68,763.00 82,999.00 91,407.00 86,349.00 97,051.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 3,631.00 4,013.00 3,499.00 4,322.00 3,846.00 4,085.00 3,811.00 4,098.00 3,724.00 3,547.00 3,496.00 3,403.00 3,078.00 2,638.00 2,297.00 2,345.00 2,206.00 5,525.00 2,581.00
      Inventory 0 0 0 0 0 0 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 0 0 0 0 0 0
      Property, Plant, Equipment Net 30,171.00 27,008.00 24,967.00 23,599.00 24,519.00 18,576.00 18,115.00 14,984.00 12,336.00 12,161.00 12,184.00 12,144.00 12,304.00 12,587.00 12,741.00 12,757.00 13,397.00 13,621.00 13,665.00
      Goodwill 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00
      Intangible Assets 0 0 0 0 0 0 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 0 217,624.00 211,842.00 190,175.00 159,497.00 146,313.00 135,540.00 0 0
      Non-Current Deferred Assets 4,111.00 5,511.00 2,516.00 4,011.00 2,716.00 3,222.00 2,497.00 2,409.00 5,094.00 3,267.00 2,624.00 2,423.00 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 800,286.00 788,226.00 769,880.00 753,199.00 760,022.00 761,218.00 770,821.00 755,856.00 761,691.00 771,875.00 788,488.00 697,663.00 707,708.00 660,792.00 669,498.00 652,755.00 660,328.00 660,959.00 666,534.00
      Payables and Expenses 0 0 0 0 0 0 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 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 2,933.00 2,913.00 2,893.00 2,873.00 2,845.00 2,820.00 2,795.00 2,764.00 0 0 0 0 28,113.00 24,476.00 22,751.00 0 18,280.00 24,327.00 27,180.00
      Other Current Liabilities 0 0 0 0 0 0 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 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 66,470.00 59,658.00 60,801.00 968,045.00 65,460.00 60,597.00 63,206.00 151,552.00 52,590.00 58,409.00 59,005.00 144,034.00 53,146.00 58,313.00 63,901.00 167,929.00 70,054.00 69,376.00 66,722.00
   Shareholders Equity 124,354.00 104,820.00 109,067.00 180,271.00 123,762.00 60,597.00 63,206.00 186,603.00 52,590.00 118,284.00 113,830.00 179,211.00 53,146.00 58,313.00 63,901.00 215,103.00 70,054.00 69,376.00 66,722.00
      Capital Stock 6,203.00 6,203.00 6,203.00 6,203.00 6,203.00 6,188.00 6,188.00 6,064.00 6,064.00 6,044.00 6,044.00 6,044.00 6,044.00 6,044.00 6,054.00 6,054.00 6,056.00 6,046.00 6,046.00
      Share Premium 26,902.00 26,712.00 26,543.00 26,373.00 26,204.00 26,219.00 25,998.00 25,913.00 25,481.00 25,328.00 25,172.00 24,814.00 24,723.00 24,528.00 24,457.00 23,635.00 23,513.00 23,368.00 23,174.00
      Retained Earnings 47,670.00 46,856.00 46,046.00 46,307.00 45,531.00 44,771.00 44,073.00 44,018.00 42,629.00 41,223.00 39,895.00 41,945.00 40,585.00 39,169.00 37,815.00 37,847.00 36,286.00 34,277.00 32,958.00
      Treasury Shares 3,378.00 3,378.00 3,297.00 3,248.00 3,248.00 3,249.00 3,217.00 2,561.00 2,561.00 2,561.00 2,561.00 1,828.00 1,828.00 1,828.00 1,828.00 1,061.00 989.00 989.00 989.00
      Accumulated Other Comprehensive Income -8,586.00 -14,496.00 -12,535.00 -10,100.00 -7,158.00 -11,219.00 -7,807.00 -7,478.00 -17,020.00 -9,722.00 -7,730.00 -9,336.00 -14,480.00 -7,810.00 -784.00 6,964.00 6,910.00 8,345.00 7,113.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 207,384.00 183,074.00 186,944.00 199,173.00 203,837.00 189,760.00 196,956.00 169,720.00 154,379.00 162,727.00 234,059.00 217,624.00 211,842.00 190,175.00 159,497.00 146,313.00 135,540.00 144,392.00 146,313.00
Debt 49,918.00 51,082.00 51,035.00 74,953.00 48,426.00 48,914.00 48,545.00 72,484.00 23,771.00 23,756.00 23,741.00 71,906.00 48,126.00 45,486.00 47,716.00 70,905.00 47,861.00 45,725.00 44,865.00
Net Debt 4,266.00 1,396.00 14,632.00 55,345.00 10,648.00 11,344.00 1,668.00 31,714.00 0 0 0 41,826.00 12,829.00 28,695.00 0 0 0 0 0
Common Shares Outstanding 5,774.01 5,774.01 5,794.02 5,793.61 5,788.89 5,773.89 5,791.16 5,702.69 5,716.49 5,696.49 5,703.63 5,740.25 5,742.13 5,914.49 5,742.58 5,791.85 5,806.84 5,798.48 5,808.06
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 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,122.00 1,401.00 592.00
Cost Of Revenue 0 0 0 429.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 62,051.00 40,690.00 19,778.00 20,285.00 29,731.00 19,691.00 9,719.00 -16,024.00 27,305.00 17,573.00 8,249.00 -10,538.00 19,833.00 12,489.00 6,016.00 -12,306.00 18,617.00 12,363.00 6,115.00
Interest Expense 11,317.00 7,411.00 3,595.00 -6,954.00 10,987.00 7,182.00 3,506.00 -3,308.00 7,811.00 4,726.00 1,785.00 -70.00 1,892.00 964.00 487.00 -1,710.00 2,080.00 1,451.00 775.00
Net Interest 19,571.00 12,842.00 6,247.00 -12,088.00 18,456.00 12,317.00 6,115.00 -12,690.00 19,334.00 12,768.00 6,423.00 -10,447.00 17,847.00 11,478.00 5,510.00 -10,546.00 16,475.00 10,870.00 5,313.00
Non-Interest Income 0 0 0 1,215.00 0 0 0 1,046.00 0 0 0 1,065.00 0 0 0 2,287.00 0 0 0
Non-Interest Expense 17,409.00 11,429.00 5,586.00 -9,714.00 16,035.00 10,507.00 4,838.00 -10,873.00 15,760.00 10,527.00 5,438.00 -10,017.00 14,838.00 9,959.00 5,110.00 -8,997.00 13,941.00 8,999.00 4,449.00
Provisions for Credit Losses 0 0 0 429.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Selling, General and Administrative Expenses 2,695.00 1,772.00 810.00 -2,170.00 2,817.00 1,869.00 1,047.00 -1,616.00 2,357.00 1,570.00 806.00 -1,093.00 2,166.00 1,372.00 592.00 -1,541.00 2,161.00 1,456.00 718.00
EBT 5,693.00 3,782.00 1,846.00 1,968.00 5,512.00 3,756.00 2,143.00 3,864.00 6,899.00 4,449.00 2,001.00 2,454.00 6,997.00 4,479.00 1,887.00 4,701.00 7,744.00 4,394.00 1,995.00
Income Tax 24.00 4.00 26.00 836.00 41.00 24.00 150.00 791.00 339.00 281.00 113.00 -997.00 646.00 431.00 136.00 -680.00 749.00 301.00 87.00
Net Income 5,717.00 3,786.00 1,872.00 -3,876.00 5,553.00 3,732.00 1,993.00 -3,666.00 6,560.00 4,168.00 1,888.00 -3,493.00 6,351.00 4,048.00 1,751.00 -3,545.00 6,995.00 4,093.00 1,908.00
EBIT 17,010.00 11,193.00 5,441.00 -4,986.00 16,499.00 10,938.00 5,649.00 556.00 14,710.00 9,175.00 3,786.00 2,384.00 8,889.00 5,443.00 2,374.00 2,991.00 9,824.00 5,845.00 2,770.00
Deprecation and Amortization 991.00 651.00 327.00 -294.00 573.00 216.00 299.00 -535.00 586.00 301.00 283.00 29.00 492.00 343.00 299.00 124.00 587.00 389.00 193.00
EBITDA 18,001.00 11,844.00 5,768.00 -5,280.00 17,072.00 11,154.00 5,948.00 21.00 15,296.00 9,476.00 4,069.00 2,413.00 9,381.00 5,786.00 2,673.00 3,115.00 10,411.00 6,234.00 2,963.00
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 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 5,494.17 5,558.50 5,566.43 5,407.78 5,621.39 5,629.56 5,499.88 5,491.22 5,490.07 5,496.05 5,484.61 5,502.99 5,488.12 5,484.70 5,457.40 16,430.57 5,478.50 0 0
Average Shares Outstanding Diluted 5,494.17 5,558.50 5,566.43 5,407.78 5,621.39 5,629.56 5,499.88 5,491.22 5,490.07 5,496.05 5,484.61 5,502.99 5,488.12 5,484.70 5,457.40 16,430.57 5,478.50 0 0
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 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow 8,010.00 4,845.00 1,064.00 3,109.00 7,363.00 2,665.00 3,615.00 4,586.00 6,748.00 3,630.00 841.00 3,236.00 5,362.00 2,369.00 5,021.00 6,582.00 6,339.00 3,450.00 1,402.00
   Operating Net Income 17,151.00 11,358.00 5,616.00 -3,876.00 5,553.00 3,732.00 1,993.00 14,234.00 6,560.00 4,168.00 1,888.00 13,821.00 6,351.00 4,048.00 1,751.00 15,357.00 6,995.00 4,093.00 1,908.00
   Deprecation and Amortization 991.00 651.00 327.00 -294.00 573.00 216.00 299.00 -535.00 586.00 301.00 283.00 29.00 492.00 343.00 299.00 124.00 587.00 389.00 193.00
   Deferred Income Tax 0 0 0 -904.00 0 0 0 13.00 0 0 0 342.00 0 0 0 112.00 0 0 0
   Share Based Compensation 265.00 177.00 89.00 -1,060.00 721.00 680.00 543.00 -886.00 586.00 513.00 445.00 -1,493.00 919.00 832.00 747.00 818.00 0 0 0
   Change in Working Capital -265.00 448.00 222.00 363.00 579.00 2,397.00 -931.00 -3,151.00 1,227.00 1,317.00 1,590.00 -4,062.00 2,014.00 1,467.00 2,463.00 -892.00 1,037.00 829.00 -293.00
   Other Operating Activities -10,132.00 -7,789.00 -5,190.00 8,880.00 -63.00 -4,360.00 1,711.00 -5,089.00 -2,211.00 -2,669.00 -3,365.00 -5,401.00 -4,414.00 -4,321.00 -239.00 -8,937.00 -2,280.00 -1,861.00 -406.00
Investing Cash Flow -24,202.00 -5,918.00 275.00 7,533.00 -9,203.00 -7,583.00 -10,212.00 17,829.00 -24,994.00 -22,701.00 -18,606.00 109,949.00 -106,060.00 -76,030.00 -31,115.00 -3,268.00 2,134.00 -2,617.00 2,542.00
   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 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 7,507.00 3,975.00 1,658.00 -7,865.00 10,210.00 3,958.00 3,392.00 -674.00 952.00 526.00 286.00 -408.00 425.00 360.00 245.00 148.00 581.00 460.00 208.00
   Net Purchase/Sale of Investments Net 177,552.00 155,434.00 7,740,743.00 -171,974.00 109,882.00 67,372.00 85,331.00 -27,990.00 21,604.00 19,706.00 14,928.00 -87,710.00 104,204.00 71,900.00 29,188.00 -6,329.00 54,399.00 12,305.00 8,914.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Loan & Lease Activity 8,155.00 22,465.00 10,415.00 10,864.00
   Other Investing Activities -214,695.00 -175,050.00 -7,747,964.00 168,957.00 -120,843.00 -80,064.00 -95,976.00 33,402.00 -53,074.00 -44,458.00 -36,145.00 222,615.00 -224,732.00 -161,302.00 -68,456.00 32,491.00 -71,461.00 -30,580.00 -13,209.00
Financing Cash Flow 42,236.00 31,151.00 15,456.00 -29,215.00 -1,152.00 1,718.00 12,704.00 -173,908.00 59,058.00 70,754.00 88,274.00 -35,777.00 52,996.00 7,453.00 11,858.00 -86,530.00 31,342.00 33,924.00 41,515.00
   Net Issuance/Repayment of Debt 15,020.00 5,146.00 7,091.00 -20,359.00 9,469.00 3,655.00 11,041.00 -94,790.00 85,478.00 80,584.00 12,403.00 -25,832.00 12,412.00 8,775.00 7,050.00 2,996.00 0 0 0
   Net Issuance/Repurchase of Equity 129.00 129.00 49.00 -1,344.00 687.00 688.00 656.00 -1,466.00 733.00 733.00 733.00 -1,536.00 768.00 768.00 767.00 72.00 0 0 0
   Dividends Paid 4,354.00 3,237.00 2,133.00 -3,844.00 4,040.00 2,979.00 1,938.00 1,143.00 3,786.00 2,800.00 1,848.00 -3,563.00 3,613.00 2,726.00 1,783.00 -2,865.00 3,206.00 2,313.00 1,447.00
   Other Financing Activities 22,733.00 22,639.00 6,183.00 -3,668.00 -15,348.00 -5,604.00 -931.00 -78,795.00 -30,939.00 -13,363.00 73,290.00 -4,846.00 36,203.00 -4,816.00 2,258.00 -86,733.00 28,136.00 31,611.00 40,068.00
Net Change in Cash 26,044.00 30,078.00 16,795.00 -21,077.00 -2,992.00 -3,200.00 6,107.00 -152,314.00 40,812.00 51,683.00 70,509.00 75,227.00 -47,702.00 -66,208.00 -14,236.00 -88,624.00 39,815.00 34,757.00 45,459.00
   Cash at Beginning of Period 19,608.00 19,608.00 19,608.00 40,685.00 40,770.00 40,770.00 40,770.00 193,084.00 30,080.00 30,080.00 30,080.00 -45,147.00 82,999.00 82,999.00 82,999.00 171,623.00 51,592.00 51,592.00 51,592.00
   Cash at End of Period 45,652.00 49,686.00 36,403.00 19,608.00 37,778.00 37,570.00 46,877.00 40,770.00 70,892.00 81,763.00 100,589.00 30,080.00 35,297.00 16,791.00 68,763.00 82,999.00 91,407.00 86,349.00 97,051.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0