UWMC

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 45.15 -51.07
Price to Sales 0.30 0.51
Book Value Per Common Share 1.55
Price to Book
Price to Operating Cash Flow -0.10 4.03
Price to Free Cash Flow
Enterprise Value to EBITDA 7470.24 22681.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31
Price to Earnings 152.25 82.80 -68.25 142.00 57.75 80.67
Price to Sales 0.54 0.55 1.46 0.51 0.61 1.20
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow -0.43 2.31 1.51 -0.14 -0.19 -0.31
Price to Free Cash Flow
Enterprise Value to EBITDA 23533.25 21764.17 12120.86 13349.22 23209.03

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -54.08
Revenue YoY 65.00 -44.73 -6.18
EBITDA YoY 197.76 -77.21
Net Profit YoY -57.63
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31
Earning YoY -20.00 -50.00 33.33 87.50 36.36 37.50
Revenue YoY 61.46 123.69 48.88 88.97 142.70 264.30 49.36 68.66
EBITDA YoY 45.58 37.76 66.86 106.14
Net Profit YoY -13.67 -53.44 34.94 83.22 38.61 38.15

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 4.56 5.34 7.62
Quick Ratio
Current Ratio
Debt to Equity 6.63 3.80 3.29 6.10
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31
Cash Per Common Share 4.44 2.67 2.96 6.59 7.17 6.42 7.84 6.82 7.96 8.65 10.38 9.77
Quick Ratio
Current Ratio
Debt to Equity 9.73 6.94 7.59 5.93 4.55 4.21 2.95 3.22 2.81 2.51 2.42 2.47
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 0.09 -0.11 0.31 0.44
ROE 0.70 -0.53 1.32 3.10
Gross Margin
Operating Margin 38.21 18.60 52.29
EBITDA Margin 40.46 22.42 54.37
Net Profit Margin 0.67 -1.01 1.76 3.89
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31
ROA 0.05 0.07 -0.10 0.04 0.09 0.07 0.11 0.06 -0.11 0.35 0.28 0.20
ROE 0.50 0.53 -0.84 0.25 0.51 0.36 0.45 0.26 -0.42 1.24 0.94 0.69
Gross Margin 99.99 99.88
Operating Margin 21.09 23.50 -22.89 40.04 43.51 49.64 44.29 53.18 -47.33 57.72 57.10 63.00
EBITDA Margin 22.91 25.41 -20.83 42.32 45.74 51.80 46.93 55.25 -39.49 59.48
Net Profit Margin 0.36 0.67 -2.23 0.34 1.09 1.53 0.97 1.29 -7.40 2.03 2.19 2.67

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio 31.12
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 15,671,116.00 11,871,854.00 13,600,625.00 22,528,358.00 425,565.77
   Current Assets 0 0 0 0 234.46
      Cash and Short-Term Investments 507,339.00 497,468.00 704,898.00 0 50.57
            Cash and Cash Equivalents 507,339.00 497,468.00 704,898.00 731,088.00 50.57
            Short-Term Investments 0 0 0 0 0
      Net Receivables 417,955.00 512,070.00 383,147.00 415,691.00 0
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 183.89
   Non-Current Assets 0 0 0 0 425,331.31
      Property, Plant, Equipment Net 239,929.00 245,542.00 256,658.00 313,539.00 0
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 3,314,952.00 0
      Long-Term Investments 0 0 0 152,263.00 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 13,617,268.00 9,397,183.00 10,428,932.00 19,357,357.00 20,072.82
   Current Liabilities 0 0 0 0 5,197.82
      Payables and Expenses 0 0 0 9,171.00 3,916.82
            Account Payables 0 0 0 523,988.00 0
            Current Accrued Liabilities 0 0 0 0 3,916.82
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 1,281.00
   Non-Current Liabilities 0 0 0 0 14,875.00
      Long-Term Debt 0 0 0 2,269,096.00 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 2,053,848.00 2,474,671.00 3,171,693.00 3,171,001.00 405,492.95
   Shareholders Equity 0 0 0 142,401.00 5,000.01
      Capital Stock 16.00 10.00 150.00 159.00 0.24
      Share Premium 3,523.00 1,702.00 903.00 437.00 10,845.01
      Retained Earnings 157,837.00 110,690.00 142,500.00 141,805.00 -5,846.31
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 1,892,328.00 2,362,119.00 3,028,131.00 3,028,600.00 0
Investments 517,919.00 545,089.00 466,016.00 0 0
Debt 3,001,442.00 2,218,783.00 2,240,518.00 2,269,096.00 0
Net Debt 2,494,103.00 1,721,315.00 1,535,620.00 1,367,810.00 0
Common Shares Outstanding 0 0 0 91,612.30 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 2,163,691.00 1,311,327.00 2,372,626.00 2,529,019.00 0
Interest Income 0 0 0 331,770.00 0
Interest Expense 490,763.00 320,256.00 305,987.00 304,656.00 0.00
Net Interest 0 0 0 0 1,101.13
Non-Interest Expense 0 0 0 870,379.00 0
Operating Expenses 1,827,734.00 1,387,620.00 1,437,957.00 0 6,827.44
   Selling, General and Administrative Expenses 306,620.00 254,938.00 253,717.00 893,486.00 200.00
   Other Operating Expenses 1,521,114.00 1,132,682.00 1,184,240.00 0 6,627.44
Operating Income 0 0 0 0 -6,827.44
Net Non-Operating Income 0 0 0 0 1,101.13
EBT 335,957.00 -76,293.00 934,669.00 1,578,241.00 -5,726.30
Income Tax 6,582.00 6,511.00 2,811.00 9,841.00 81.00
Net Income Including Non-Controlling Interests -300,567.00 43,322.00 -848,428.00 1,568,400.00 0
Net Income Non-Controlling Interests 314,971.00 -56,552.00 890,143.00 -1,469,955.00 0
Net Income 14,404.00 -13,230.00 41,715.00 98,445.00 -5,807.31
EBIT 826,720.00 243,963.00 1,240,656.00 0 -5,726.30
Deprecation and Amortization 48,777.00 50,060.00 49,404.00 38,025.00 0.00
EBITDA 875,497.00 294,023.00 1,290,060.00 0 0
EPS 0.00 -0.00 0.00 0.00 0
Diluted EPS 0.00 -0.00 0.00 0.00 0
Average Shares Outstanding Basic 111,374.47 93,245.37 92,475.17 100,881.09 0
Average Shares Outstanding Diluted 111,374.47 93,245.37 92,475.17 1,603,157.64 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -6,241,495.00 165,244.00 8,268,182.00 -9,956,963.00 -1,799.21
   Operating Net Income 329,375.00 -69,782.00 931,858.00 1,568,400.00 -5,807.31
   Deprecation and Amortization 48,777.00 50,060.00 49,404.00 38,025.00 0
   Deferred Income Tax 5,338.00 -6,606.00 3,498.00 0 0
   Share Based Compensation 24,580.00 13,832.00 7,545.00 6,467.00 0
   Change in Working Capital 4,107,589.00 -1,596,152.00 -9,927,710.00 -9,615,648.00 4,096.71
   Other Operating Activities -10,757,154.00 1,773,892.00 17,203,587.00 -1,954,207.00 -88.61
Investing Cash Flow 2,676,092.00 1,829,962.00 1,290,346.00 199,751.00 -425,331.31
   Capital Expenditure 0.00 0.00 0.00 0 0.00
   Net Purchase/Sale of PPE 39,455.00 26,434.00 26,615.00 -65,384.00 0
   Net Purchase/Sale of Investments Net 0 0 0 1,107.00 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 2,636,637.00 1,803,528.00 1,263,731.00 264,028.00 -425,331.31
Financing Cash Flow 3,575,274.00 -2,202,636.00 -9,584,718.00 9,264,463.00 427,179.97
   Net Issuance/Repayment of Debt 4,405,584.00 2,013,817.00 1,768,360.00 9,973,841.00 1,000.00
   Net Issuance/Repurchase of Equity 0 0 0 -81,627.00 435,500.00
   Dividends Paid 39,734.00 37,244.00 36,936.00 -30,634.00 0
   Other Financing Activities -870,044.00 -4,253,697.00 -11,390,014.00 -597,117.00 -9,320.03
Net Change in Cash 9,871.00 -207,430.00 -26,190.00 -492,749.00 49.45
   Cash at Beginning of Period 497,468.00 704,898.00 731,088.00 1,223,837.00 1.12
   Cash at End of Period 507,339.00 497,468.00 704,898.00 731,088.00 50.57
Free Cash Flow 0 0 0 -10,022,347.00 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 2020-12-31
Assets 17,022,337.00 13,886,889.00 14,048,433.00 15,671,116.00 15,119,798.00 12,921,641.00 12,797,334.00 11,871,854.00 12,204,137.00 12,425,919.00 10,947,716.00 13,600,625.00 11,890,083.00 11,016,910.00 10,990,953.00 425,565.77
   Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 234.46
      Cash and Short-Term Investments 870,703.00 489,984.00 485,024.00 507,339.00 636,327.00 680,153.00 605,639.00 497,468.00 729,616.00 634,576.00 740,063.00 704,898.00 799,534.00 958,656.00 901,174.00 50.57
            Cash and Cash Equivalents 870,703.00 489,984.00 485,024.00 507,339.00 636,327.00 680,153.00 605,639.00 497,468.00 729,616.00 634,576.00 740,063.00 704,898.00 799,534.00 958,656.00 901,174.00 50.57
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 548,090.00 719,369.00 472,299.00 417,955.00 561,901.00 516,838.00 554,443.00 512,070.00 385,922.00 347,865.00 433,747.00 383,147.00 556,153.00 350,090.00 617,608.00 0
      Inventory 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 0 183.89
   Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 425,331.31
      Property, Plant, Equipment Net 260,942.00 257,464.00 246,305.00 239,929.00 243,104.00 243,224.00 243,066.00 245,542.00 246,936.00 251,201.00 255,351.00 256,658.00 253,549.00 256,504.00 254,876.00 0
      Goodwill 0 0 0 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 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 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
Liabilities 15,435,259.00 12,138,907.00 12,413,084.00 13,617,268.00 12,939,271.00 10,592,629.00 10,340,276.00 9,397,183.00 9,112,026.00 9,478,797.00 8,073,174.00 10,428,932.00 8,498,050.00 7,793,008.00 7,824,711.00 20,072.82
   Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,197.82
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,916.82
            Account Payables 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 3,916.82
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,281.00
   Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14,875.00
      Long-Term Debt 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
Equity 1,587,078.00 1,747,982.00 1,635,349.00 2,053,848.00 2,180,527.00 2,329,012.00 2,457,058.00 2,474,671.00 3,092,111.00 2,947,122.00 2,874,542.00 3,171,693.00 3,392,033.00 3,223,902.00 3,166,242.00 405,492.95
   Shareholders Equity 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,000.01
      Capital Stock 23.00 21.00 20.00 16.00 11.00 10.00 9.00 10.00 10.00 0 150.00 150.00 0 9.00 0 0.24
      Share Premium 7,579.00 5,688.00 4,298.00 3,523.00 2,644.00 2,305.00 2,085.00 1,702.00 1,484.00 1,267.00 1,036.00 903.00 784.00 669.00 542.00 10,845.01
      Retained Earnings 169,935.00 170,320.00 160,407.00 157,837.00 116,561.00 111,021.00 111,980.00 110,690.00 130,233.00 120,379.00 122,136.00 142,500.00 141,194.00 137,955.00 138,834.00 -5,846.31
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 1,409,404.00 1,571,814.00 1,470,484.00 1,892,328.00 2,061,162.00 2,215,526.00 2,342,834.00 2,362,119.00 2,960,234.00 2,825,317.00 2,751,211.00 3,028,131.00 3,249,896.00 3,085,119.00 3,026,707.00 0
Investments 639,536.00 778,725.00 516,257.00 517,919.00 628,878.00 571,800.00 588,493.00 545,089.00 478,713.00 409,272.00 494,883.00 466,016.00 941,501.00 475,169.00 859,540.00 0
Debt 3,993,458.00 2,996,036.00 2,998,697.00 3,001,442.00 2,212,547.00 2,211,673.00 2,216,487.00 2,218,783.00 2,225,292.00 2,232,269.00 2,233,488.00 2,240,518.00 2,253,482.00 2,262,070.00 2,265,847.00 0
Net Debt 3,122,755.00 2,506,052.00 2,513,673.00 2,494,103.00 1,576,220.00 1,531,520.00 1,610,848.00 1,721,315.00 1,495,676.00 1,597,693.00 1,493,425.00 1,535,620.00 1,453,948.00 1,303,414.00 1,364,673.00 0
Common Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 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
Revenues 2,215,322.00 1,372,070.00 613,370.00 -1,086,799.00 1,603,484.00 1,077,050.00 569,956.00 -863,377.00 1,425,910.00 587,520.00 161,274.00 -1,905,379.00 2,070,192.00 1,386,019.00 821,794.00
Cost Of Revenue 0 0 0 0 0 0 0 0 100.00 0 200.00 0 0 0 0
Gross Profit 0 0 0 0 0 0 0 0 1,425,810.00 0 161,074.00 0 0 0 0
Operating Expenses 1,562,936.00 1,012,366.00 485,601.00 -683,531.00 1,309,859.00 815,714.00 385,692.00 -304,581.00 1,033,795.00 357,516.00 300,890.00 -705,243.00 1,066,265.00 712,473.00 364,462.00
   Selling, General and Administrative Expenses 262,369.00 176,716.00 90,338.00 -108,244.00 215,535.00 139,409.00 59,920.00 -62,399.00 191,129.00 74,279.00 51,929.00 -90,210.00 181,073.00 111,694.00 51,160.00
   Other Operating Expenses 1,300,567.00 835,650.00 395,263.00 -575,287.00 1,094,324.00 676,305.00 325,772.00 -242,182.00 842,666.00 283,237.00 248,961.00 -615,033.00 885,192.00 600,779.00 313,302.00
Operating Income 0 0 0 0 0 0 0 0 392,015.00 0 -139,816.00 0 0 0 0
Interest Expense 385,961.00 253,877.00 120,410.00 -163,645.00 348,421.00 207,319.00 98,668.00 -64,910.00 239,445.00 82,437.00 63,284.00 -63,389.00 191,069.00 117,933.00 60,374.00
EBT 81,272.00 68,602.00 -260,816.00 -403,268.00 293,625.00 261,336.00 184,264.00 -558,796.00 392,115.00 230,004.00 -139,616.00 -1,200,136.00 1,003,927.00 673,546.00 457,332.00
Income Tax 1,733.00 1,151.00 13,788.00 -6,533.00 4,863.00 4,519.00 3,733.00 3,357.00 941.00 1,210.00 1,003.00 -15,633.00 9,585.00 4,814.00 4,045.00
Net Income Including Non-Controlling Interests -63,603.00 -48,991.00 219,670.00 373,553.00 -277,792.00 -233,257.00 -163,071.00 505,747.00 -363,478.00 -213,678.00 114,731.00 1,079,497.00 -910,358.00 -608,140.00 -409,427.00
Net Income Non-Controlling Interests 71,571.00 58,221.00 -233,349.00 -385,144.00 283,277.00 245,037.00 171,801.00 -528,442.00 377,326.00 221,236.00 -126,672.00 -1,132,000.00 952,350.00 638,436.00 431,357.00
Net Income 7,968.00 9,230.00 -13,679.00 -11,591.00 5,485.00 11,780.00 8,730.00 -22,695.00 13,848.00 7,558.00 -11,941.00 -52,503.00 41,992.00 30,296.00 21,930.00
EBIT 467,233.00 322,479.00 -140,406.00 -566,913.00 642,046.00 468,655.00 282,932.00 -623,706.00 631,560.00 312,441.00 -76,332.00 -1,263,525.00 1,194,996.00 791,479.00 517,706.00
Deprecation and Amortization 40,301.00 26,162.00 12,631.00 -24,156.00 36,615.00 23,995.00 12,323.00 -12,393.00 37,622.00 12,178.00 12,653.00 12,949.00 36,455.00 0.00 0.00
EBITDA 507,534.00 348,641.00 -127,775.00 -591,069.00 678,661.00 492,650.00 295,255.00 -636,099.00 669,182.00 324,619.00 -63,679.00 58,609.00 1,231,451.00 0 0
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
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
Average Shares Outstanding Basic 196,072.27 183,221.64 164,100.02 159,724.80 96,530.28 94,876.80 94,365.99 93,845.99 93,107.58 93,107.13 92,920.79 92,869.76 92,441.34 92,374.99 92,214.59
Average Shares Outstanding Diluted 1,598,953.26 1,598,706.21 1,598,383.24 -1,344,556.41 96,530.28 94,876.80 1,598,647.21 93,845.99 93,107.58 93,107.13 92,920.79 -2,911,269.82 92,441.34 1,594,444.77 1,594,284.38
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
Operating Cash Flow -2,751,314.00 328,022.00 593,898.00 5,179,401.00 -5,698,237.00 -3,519,919.00 -2,202,740.00 -477,879.00 494,513.00 -1,844,312.00 1,992,922.00 -25,657,104.00 10,812,822.00 11,360,701.00 11,751,763.00
   Operating Net Income 79,539.00 67,451.00 -247,028.00 -396,735.00 288,762.00 256,817.00 180,531.00 -460,956.00 391,174.00 0.00 0 -1,184,503.00 994,342.00 668,732.00 453,287.00
   Deprecation and Amortization 40,301.00 26,162.00 12,631.00 -24,156.00 36,615.00 23,995.00 12,323.00 -12,393.00 37,622.00 12,178.00 12,653.00 12,949.00 36,455.00 0 0
   Deferred Income Tax 0 0 0 5,338.00 0 0 0 -6,606.00 0 0.00 0 3,498.00 0 0 0
   Share Based Compensation 34,771.00 20,039.00 8,310.00 -6,690.00 15,581.00 9,813.00 5,876.00 -2,088.00 9,871.00 3,567.00 2,482.00 -3,277.00 5,490.00 3,504.00 1,828.00
   Change in Working Capital 1,276,578.00 -1,256,428.00 -1,161,335.00 -5,279,814.00 4,880,961.00 2,690,444.00 1,815,998.00 991,546.00 -1,583,399.00 1,355,449.00 -2,359,748.00 25,711,266.00 -11,470,056.00 -12,421,513.00 -11,747,407.00
   Other Operating Activities -4,182,503.00 1,470,798.00 1,981,320.00 10,881,458.00 -10,920,156.00 -6,500,988.00 -4,217,468.00 -987,382.00 1,639,245.00 -3,215,506.00 4,337,535.00 -50,197,037.00 21,246,591.00 23,109,978.00 23,044,055.00
Investing Cash Flow 2,099,290.00 1,556,333.00 928,391.00 -3,536,573.00 2,581,276.00 2,343,887.00 1,287,502.00 -893,072.00 1,652,326.00 426,339.00 644,369.00 -1,267,319.00 1,144,576.00 802,591.00 610,498.00
   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
   Net Purchase/Sale of PPE 52,310.00 41,955.00 17,764.00 -17,577.00 31,162.00 18,897.00 6,973.00 -6,471.00 19,617.00 5,336.00 7,952.00 -15,590.00 20,741.00 15,362.00 6,102.00
   Net Purchase/Sale of Investments Net 100,000.00 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0
   Net Loan & Lease Activity 0 0 0 0 0
   Other Investing Activities 1,946,980.00 1,514,378.00 910,627.00 -3,518,996.00 2,550,114.00 2,324,990.00 1,280,529.00 -886,601.00 1,632,709.00 421,003.00 636,417.00 -1,251,729.00 1,123,835.00 787,229.00 604,396.00
Financing Cash Flow 1,015,388.00 -1,901,710.00 -1,544,604.00 -2,062,672.00 3,255,820.00 1,358,717.00 1,023,409.00 1,209,125.00 -2,122,121.00 1,312,486.00 -2,602,126.00 26,432,133.00 -11,888,952.00 -11,935,724.00 -12,192,175.00
   Net Issuance/Repayment of Debt 4,451,732.00 1,926,223.00 700,650.00 1,044,708.00 1,454,842.00 1,153,892.00 752,142.00 -1,505,093.00 1,761,204.00 500,509.00 1,257,197.00 1,741,060.00 13,786.00 9,063.00 4,451.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0
   Dividends Paid 55,167.00 34,569.00 15,794.00 -16,910.00 28,419.00 18,860.00 9,365.00 -9,203.00 27,879.00 9,310.00 9,258.00 -18,338.00 27,678.00 18,425.00 9,171.00
   Other Financing Activities -3,491,511.00 -3,862,502.00 -2,261,048.00 -3,090,470.00 1,772,559.00 185,965.00 261,902.00 2,723,421.00 -3,911,204.00 802,667.00 -3,868,581.00 24,709,411.00 -11,930,416.00 -11,963,212.00 -12,205,797.00
Net Change in Cash 363,364.00 -17,355.00 -22,315.00 -419,844.00 138,859.00 182,685.00 108,171.00 -161,826.00 24,718.00 -105,487.00 35,165.00 -492,290.00 68,446.00 227,568.00 170,086.00
   Cash at Beginning of Period 507,339.00 507,339.00 507,339.00 927,183.00 497,468.00 497,468.00 497,468.00 659,294.00 704,898.00 740,063.00 704,898.00 1,197,188.00 731,088.00 731,088.00 731,088.00
   Cash at End of Period 870,703.00 489,984.00 485,024.00 507,339.00 636,327.00 680,153.00 605,639.00 497,468.00 729,616.00 634,576.00 740,063.00 704,898.00 799,534.00 958,656.00 901,174.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0