BIRK - Birkenstock Holding plc
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$48.72
DETAILS
HIGH:
$55.00
LOW:
$41.00
MEDIAN:
$51.00
CONSENSUS:
$48.72
UPSIDE:
45.06%
| Metric | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 731.4 | 628.5 | 401.9 | 526.3 | 635.0 | 574.3 | 361.7 | 455.8 | 564.8 | 481.2 | 302.9 | 374.5 | 473.2 | 395.7 | 248.5 | 321.6 | 378.7 | 271.3 | 271.3 |
| Cost of Revenue | 323.6 | 312.9 | 178.0 | 220.3 | 251.0 | 242.8 | 143.7 | 187.0 | 228.8 | 210.1 | 118.1 | 129.6 | 181.1 | 160.2 | 95.2 | 115.8 | 140.9 | 106.0 | 106.0 |
| Gross Profit | 407.8 | 315.6 | 223.9 | 306.0 | 384.1 | 331.6 | 218.0 | 268.7 | 335.9 | 271.2 | 184.9 | 245.0 | 292.1 | 235.4 | 153.3 | 205.8 | 237.8 | 165.3 | 165.3 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 218.5 | 171.3 | 154.8 | 110.3 | 195.7 | 158.9 | 142.3 | 151.6 | 158.3 | 133.1 | 119.5 | 213.4 | 151.4 | 102.6 | 108.3 | 138.5 | 128.0 | 83.8 | 83.8 |
| Other Expenses | (21.1) | (20.6) | (9.2) | 83.5 | (9.6) | (2.7) | 11.7 | 19.6 | 22.2 | 5.5 | 29.8 | 6.4 | 22.7 | 29.5 | 30.8 | (18.3) | (12.5) | 4.0 | 4.0 |
| Operating Expenses | 197.5 | 150.7 | 145.6 | 193.8 | 186.1 | 156.3 | 154.0 | 171.2 | 180.5 | 138.6 | 149.3 | 219.9 | 174.1 | 132.1 | 139.1 | 120.2 | 115.4 | 87.8 | 87.8 |
| Operating Income | |||||||||||||||||||
| Operating Income | 210.4 | 164.9 | 78.3 | 112.2 | 198.0 | 175.3 | 64.0 | 97.5 | 155.5 | 132.5 | 35.6 | 25.1 | 118.0 | 103.3 | 14.2 | 85.6 | 122.4 | 77.5 | 77.5 |
| Interest Expense | 43.7 | 34.4 | 9.1 | 6.9 | 18.3 | 25.6 | 24.8 | 0.6 | 44.6 | 27.4 | 36.0 | 48.1 | 26.7 | 29.6 | 25.1 | 0 | 39.8 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.8 | 0 | 25.0 | 25.0 |
| Profitability | |||||||||||||||||||
| EBITDA | 245.0 | 190.3 | 108.5 | 140.0 | 226.2 | 202.6 | 90.2 | 107.9 | 180.3 | 156.6 | 58.8 | 63.0 | 139.2 | 123.5 | 34.7 | 81.0 | 141.4 | 101.2 | 101.2 |
| EBIT | 210.4 | 158.0 | 78.3 | 108.2 | 198.0 | 175.3 | 64.0 | 78.8 | 155.5 | 132.5 | 35.6 | 41.4 | 118.0 | 103.3 | 14.2 | 55.8 | 122.4 | 82.6 | 82.6 |
| Income Before Tax | 162.7 | 123.6 | 69.2 | 101.3 | 179.7 | 149.7 | 39.3 | 78.2 | 110.9 | 105.1 | (0.5) | (0.6) | 91.3 | 73.8 | (10.9) | 63.1 | 82.5 | 52.5 | 52.5 |
| Income Tax Expense | 51.3 | 40.4 | 18.6 | 7.5 | 50.5 | 44.6 | 19.1 | 25.8 | 36.3 | 33.5 | 6.7 | 27.7 | 28.2 | 24.4 | (1.7) | 5.1 | 26.9 | 15.7 | 15.7 |
| Net Income | 111.4 | 83.2 | 50.6 | 93.9 | 129.2 | 105.1 | 20.1 | 52.5 | 74.6 | 71.7 | (7.2) | (28.3) | 63.1 | 49.4 | (9.2) | 58.0 | 55.6 | 36.7 | 36.7 |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | 0.61 | 0.45 | 0.27 | 0.51 | 0.69 | 0.56 | 0.11 | 0.28 | 0.40 | 0.38 | -0.04 | -0.15 | 0.34 | 0.27 | -0.05 | 0.32 | 0.31 | 0.45 | 0.20 |
| EPS (Diluted) | 0.61 | 0.45 | 0.27 | 0.51 | 0.69 | 0.56 | 0.11 | 0.28 | 0.40 | 0.38 | -0.04 | -0.15 | 0.34 | 0.27 | -0.05 | 0.32 | 0.31 | 0.45 | 0.20 |
| Shares Outstanding | 181.5 | 183.9 | 187.2 | 183.9 | 186.5 | 187.8 | 187.8 | 187.8 | 187.8 | 187.8 | 187.8 | 182.7 | 182.7 | 182.7 | 182.7 | 182.7 | 182.7 | 182.7 | 182.7 |
| Metric | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||
| Cash & Cash Equivalents | 693.3 | 201.7 | 229.2 | 329.1 | 261.8 | 235.4 | 298.6 | 355.8 | 404.3 | 175.7 | 169.4 | 344.4 | 289.6 | 171.7 |
| Short-Term Investments | 0 | 0 | 0 | 11.8 | 0 | 0 | 0 | 12.5 | 0 | 0 | 0 | 9.7 | 0 | 0 |
| Net Receivables | 287.4 | 303.1 | 122.4 | 189.4 | 248.8 | 260.1 | 91.9 | 142.3 | 210.5 | 209.9 | 89.6 | 118.2 | 167.5 | 171.6 |
| Inventory | 843.0 | 845.6 | 831.9 | 704.4 | 672.5 | 699.8 | 719.6 | 624.8 | 619.1 | 651.0 | 644.4 | 595.1 | 571.6 | 588.4 |
| Other Current Assets | 61.8 | 64.9 | 61.7 | 19.4 | 74.7 | 53.8 | 52.3 | 10.3 | 33.1 | 39.0 | 38.0 | 3.9 | 35.6 | 47.0 |
| Total Current Assets | 1,885.5 | 1,415.3 | 1,245.3 | 1,275.4 | 1,257.8 | 1,249.2 | 1,162.3 | 1,163.3 | 1,267.0 | 1,075.7 | 941.3 | 1,080.5 | 1,064.3 | 978.6 |
| Non-Current Assets | ||||||||||||||
| Property, Plant & Equipment | 627.7 | 600.3 | 569.7 | 537.3 | 517.3 | 510.6 | 502.3 | 490.2 | 475.4 | 468.0 | 443.5 | 409.0 | 388.4 | 349.3 |
| Goodwill | 1,533.9 | 1,528.3 | 1,510.0 | 1,512.3 | 1,515.1 | 1,576.5 | 1,605.7 | 1,554.6 | 1,581.1 | 1,576.9 | 1,564.8 | 1,593.9 | 1,575.9 | 1,586.3 |
| Intangible Assets | 1,580.2 | 1,582.4 | 1,570.2 | 1,577.2 | 1,585.0 | 1,658.9 | 1,700.3 | 1,639.4 | 1,681.4 | 1,676.6 | 1,661.2 | 1,705.7 | 1,691.3 | 1,695.9 |
| Long-Term Investments | 5.6 | 0 | 0 | 0 | 0 | 0 | 0 | 3.3 | 0 | 0 | 0 | 4.2 | 0 | 0 |
| Other Non-Current Assets | 6.8 | 24.8 | 39.3 | 28.4 | 30.9 | 29.1 | 34.6 | 34.1 | 37.3 | 50.6 | 52.0 | 34.1 | 32.1 | 22.1 |
| Total Non-Current Assets | 3,775.8 | 3,754.5 | 3,704.4 | 3,666.8 | 3,649.3 | 3,776.3 | 3,842.9 | 3,721.7 | 3,775.2 | 3,772.1 | 3,721.6 | 3,746.9 | 3,689.2 | 3,656.6 |
| Total Assets | 5,661.3 | 5,169.8 | 4,949.7 | 4,942.1 | 4,907.1 | 5,025.5 | 5,005.2 | 4,884.9 | 5,042.2 | 4,847.8 | 4,662.9 | 4,827.5 | 4,753.5 | 4,635.1 |
| Current Liabilities | ||||||||||||||
| Account Payables | 175.4 | 142.3 | 115.8 | 72.1 | 157.7 | 128.6 | 116.8 | 74.7 | 146.8 | 121.3 | 104.2 | 79.6 | 139.0 | 106.4 |
| Short-Term Debt | 57.0 | 67.1 | 11.4 | 17.1 | 15.6 | 29.7 | 23.2 | 24.7 | 17.1 | 29.1 | 23.4 | 37.3 | 27.4 | 42.1 |
| Deferred Revenue | 13.5 | 9.7 | 11.3 | 6.2 | 9.9 | 4.9 | 10.9 | 8.0 | 10.4 | 9.9 | 15.0 | 9.7 | 13.0 | 4.0 |
| Other Current Liabilities | 182.7 | 162.5 | 109.5 | 96.4 | 96.1 | 88.3 | 78.5 | 52.3 | 58.8 | 41.2 | 37.5 | 128.7 | 60.5 | 52.0 |
| Total Current Liabilities | 498.5 | 480.5 | 397.7 | 453.7 | 452.5 | 408.5 | 409.1 | 447.9 | 435.2 | 374.8 | 318.6 | 378.6 | 376.2 | 325.6 |
| Non-Current Liabilities | ||||||||||||||
| Long-Term Debt | 1,677.6 | 1,132.9 | 1,128.8 | 1,099.4 | 1,166.1 | 1,170.9 | 1,150.8 | 1,141.3 | 1,325.2 | 1,298.8 | 1,292.8 | 1,787.1 | 1,798.8 | 1,831.9 |
| Deferred Tax Liabilities | 176.1 | 170.2 | 165.1 | 163.4 | 157.2 | 142.1 | 134.0 | 131.0 | 124.8 | 112.3 | 109.5 | 109.8 | 97.7 | 83.1 |
| Other Non-Current Liabilities | 309.4 | 306.2 | 317.5 | 339.9 | 341.2 | 348.9 | 399.3 | 382.8 | 363.5 | 355.2 | 342.4 | 37.8 | 8.4 | 8.0 |
| Total Non-Current Liabilities | 2,362.0 | 1,793.2 | 1,780.0 | 1,765.7 | 1,822.2 | 1,824.1 | 1,847.4 | 1,812.0 | 1,965.8 | 1,918.9 | 1,882.4 | 2,048.3 | 2,004.7 | 2,007.9 |
| Total Liabilities | 2,860.5 | 2,273.6 | 2,177.7 | 2,219.4 | 2,274.7 | 2,232.6 | 2,256.5 | 2,259.9 | 2,401.0 | 2,293.7 | 2,201.0 | 2,426.9 | 2,380.9 | 2,333.5 |
| Stockholders' Equity | ||||||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 182.7 | 182.7 | 182.7 |
| Retained Earnings | 1,007.5 | 899.3 | 816.5 | 765.9 | 672.0 | 542.8 | 437.7 | 417.6 | 365.1 | 290.5 | 218.8 | 226.0 | 254.3 | 191.2 |
| Accumulated Other Comprehensive Income | 20.3 | 2.6 | (36.8) | (35.5) | (31.9) | 81.6 | 142.5 | 38.9 | 95.5 | 83.1 | 62.5 | 97.5 | 41.3 | 33.4 |
| Total Stockholders' Equity | 2,800.8 | 2,896.2 | 2,772.0 | 2,722.7 | 2,632.4 | 2,792.9 | 2,748.7 | 2,625.0 | 2,641.2 | 2,554.1 | 2,461.9 | 2,400.6 | 2,372.7 | 2,301.6 |
| Total Liabilities & Equity | 5,661.3 | 5,169.8 | 4,949.7 | 4,942.1 | 4,907.1 | 5,025.5 | 5,005.2 | 4,884.9 | 5,042.2 | 4,847.8 | 4,662.9 | 4,827.5 | 4,753.5 | 4,635.1 |
| Debt Metrics | ||||||||||||||
| Total Debt | 1,923.9 | 1,374.3 | 1,346.7 | 1,309.4 | 1,366.4 | 1,390.7 | 1,365.7 | 1,350.1 | 1,515.7 | 1,501.2 | 1,472.3 | 1,954.5 | 1,954.8 | 1,985.1 |
| Net Debt | 1,230.5 | 1,172.6 | 1,117.5 | 980.4 | 1,104.6 | 1,155.3 | 1,067.1 | 994.2 | 1,111.3 | 1,325.5 | 1,302.9 | 1,610.1 | 1,665.2 | 1,813.4 |
| Metric | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||
| Net Income | 111.4 | 83.2 | 50.6 | 93.9 | 129.2 | 105.1 | 20.1 | 52.5 | 74.6 | 71.7 | (7.2) | (28.3) | 63.1 | 49.4 | (9.2) | 58.0 | 55.6 | 36.7 | 36.7 |
| Depreciation & Amortization | 34.6 | 32.3 | 30.2 | 31.8 | 28.2 | 27.3 | 26.2 | 29.1 | 24.8 | 24.1 | 23.2 | 27.8 | 21.2 | 20.2 | 20.4 | 25.2 | 19.0 | 18.5 | 18.5 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.7 | 47.3 | 14.8 | 3.3 | 1.6 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 86.8 | (156.3) | (89.1) | 11.2 | 53.2 | (150.3) | (67.7) | 24.0 | 96.5 | (108.5) | (103.1) | 43.8 | 83.4 | (91.3) | (116.4) | 27.0 | 20.8 | (90.8) | (90.8) |
| Other Non-Cash Items | (7.3) | 64.3 | (38.5) | 28.2 | (0.5) | (45.0) | (9.4) | 11.3 | 49.3 | 29.2 | 31.2 | (0.5) | 26.1 | 51.3 | 52.1 | 10.8 | 11.6 | 22.6 | 22.6 |
| Operating Cash Flow | 228.2 | 24.0 | (28.3) | 172.6 | 260.6 | (18.3) | (11.6) | 142.6 | 281.5 | 50.0 | (45.4) | 117.8 | 236.9 | 57.3 | (53.2) | 126.1 | 133.9 | (12.9) | (12.9) |
| Investing Activities | |||||||||||||||||||
| Capital Expenditure | (26.6) | (22.1) | (37.1) | (26.9) | (22.3) | (18.9) | (18.8) | (18.2) | (18.4) | (16.8) | (18.6) | (22.0) | (29.9) | (25.1) | (25.9) | (35.5) | (24.4) | (5.5) | (5.5) |
| Acquisitions | (9.5) | (0.3) | (1.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.6) | 0.4 | 0 | 0 | (0.9) | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.1 | 0.0 | 0.4 | (4.8) | (0.5) | (2.1) | (0.3) | 0.5 | (2.5) | 1.5 | 10.0 | 1.9 | 0.0 | 0.6 | (0.1) | 0.1 | 1.7 | (0.8) | (0.8) |
| Investing Cash Flow | (36.0) | (23.0) | (38.6) | (27.4) | (21.1) | (21) | (15.0) | (15.4) | (17.1) | (17.6) | (8.6) | (20.8) | (29.5) | (24.5) | (25.9) | (36.3) | (22.7) | (6.3) | (6.3) |
| Financing Activities | |||||||||||||||||||
| Net Debt Issuance | 561.7 | (1.3) | (13.6) | (50.4) | (12.8) | (12.7) | (12.2) | (147.8) | (9.6) | (9.2) | (532.8) | (8.8) | (55.2) | (8.6) | (8.9) | (10.0) | (8.5) | 0 | 0 |
| Stock Repurchased | (234.5) | 0 | 0 | (3.4) | (168.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (16.9) | (30.5) | (19.2) | (16.0) | (28.6) | (10.3) | (20.8) | (36.6) | (22.7) | (24.2) | (26.0) | (23.2) | (33.5) | (20.7) | (40.3) | (2.7) | (32.3) | (25.9) | (25.9) |
| Financing Cash Flow | 310.3 | (31.8) | (32.8) | (69.8) | (210.1) | (23) | (33.0) | (173.1) | (35.8) | (26.3) | (119.8) | (32.0) | (88.8) | (29.3) | (49.2) | (12.7) | (40.8) | (25.9) | (25.9) |
| Cash Position | |||||||||||||||||||
| Net Change in Cash | 490.4 | (32.2) | (99.8) | 79.3 | 26.4 | (63.2) | (57.2) | (48.5) | 228.6 | 6.4 | (175.0) | 54.8 | 117.9 | 0.6 | (136.0) | 82.5 | 74.7 | (42.7) | (42.7) |
| Cash at Beginning | 203.0 | 233.9 | 329.1 | 307.4 | 235.4 | 298.6 | 355.8 | 404.3 | 175.7 | 169.5 | 344.4 | 289.6 | 171.7 | 171.1 | 307.1 | 224.6 | 149.9 | 192.6 | 0 |
| Cash at End | 693.3 | 201.7 | 229.2 | 386.7 | 261.8 | 235.4 | 298.6 | 355.8 | 404.3 | 175.9 | 169.4 | 344.4 | 289.6 | 171.7 | 171.1 | 307.1 | 224.6 | 149.9 | (42.7) |
| Free Cash Flow | 201.6 | 1.9 | (65.4) | 145.7 | 238.4 | (37.2) | (30.4) | 124.4 | 263.1 | 33.1 | (64.0) | 95.7 | 207.0 | 32.1 | (79.1) | 90.6 | 109.5 | (18.5) | (18.5) |
| Key Metrics | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 731.4 | 628.5 | 401.9 | 526.3 | 635.0 | 574.3 | 361.7 | 455.8 | 564.8 | 481.2 | 302.9 | 374.5 | 473.2 | 395.7 | 248.5 | 321.6 | 378.7 | 271.3 | 271.3 |
| Gross Profit | 407.8 | 315.6 | 223.9 | 306.0 | 384.1 | 331.6 | 218.0 | 268.7 | 335.9 | 271.2 | 184.9 | 245.0 | 292.1 | 235.4 | 153.3 | 205.8 | 237.8 | 165.3 | 165.3 |
| Operating Income | 210.4 | 164.9 | 78.3 | 112.2 | 198.0 | 175.3 | 64.0 | 97.5 | 155.5 | 132.5 | 35.6 | 25.1 | 118.0 | 103.3 | 14.2 | 85.6 | 122.4 | 77.5 | 77.5 |
| Net Income | 111.4 | 83.2 | 50.6 | 93.9 | 129.2 | 105.1 | 20.1 | 52.5 | 74.6 | 71.7 | (7.2) | (28.3) | 63.1 | 49.4 | (9.2) | 58.0 | 55.6 | 36.7 | 36.7 |
| EPS (Diluted) | 0.61 | 0.45 | 0.27 | 0.51 | 0.69 | 0.56 | 0.11 | 0.28 | 0.40 | 0.38 | -0.04 | -0.15 | 0.34 | 0.27 | -0.05 | 0.32 | 0.31 | 0.45 | 0.20 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 693.3 | 201.7 | 229.2 | 329.1 | 261.8 | 235.4 | 298.6 | 355.8 | 404.3 | 175.7 | 169.4 | 344.4 | 289.6 | 171.7 | |||||
| Total Assets | 5,661.3 | 5,169.8 | 4,949.7 | 4,942.1 | 4,907.1 | 5,025.5 | 5,005.2 | 4,884.9 | 5,042.2 | 4,847.8 | 4,662.9 | 4,827.5 | 4,753.5 | 4,635.1 | |||||
| Total Debt | 1,923.9 | 1,374.3 | 1,346.7 | 1,309.4 | 1,366.4 | 1,390.7 | 1,365.7 | 1,350.1 | 1,515.7 | 1,501.2 | 1,472.3 | 1,954.5 | 1,954.8 | 1,985.1 | |||||
| Stockholders' Equity | 2,800.8 | 2,896.2 | 2,772.0 | 2,722.7 | 2,632.4 | 2,792.9 | 2,748.7 | 2,625.0 | 2,641.2 | 2,554.1 | 2,461.9 | 2,400.6 | 2,372.7 | 2,301.6 | |||||
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | 228.2 | 24.0 | (28.3) | 172.6 | 260.6 | (18.3) | (11.6) | 142.6 | 281.5 | 50.0 | (45.4) | 117.8 | 236.9 | 57.3 | (53.2) | 126.1 | 133.9 | (12.9) | (12.9) |
| Capital Expenditure | (26.6) | (22.1) | (37.1) | (26.9) | (22.3) | (18.9) | (18.8) | (18.2) | (18.4) | (16.8) | (18.6) | (22.0) | (29.9) | (25.1) | (25.9) | (35.5) | (24.4) | (5.5) | (5.5) |
| Free Cash Flow | 201.6 | 1.9 | (65.4) | 145.7 | 238.4 | (37.2) | (30.4) | 124.4 | 263.1 | 33.1 | (64.0) | 95.7 | 207.0 | 32.1 | (79.1) | 90.6 | 109.5 | (18.5) | (18.5) |