Element Solutions Inc logo ESI - Element Solutions Inc

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BUY 17
HOLD 12
SELL 6
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| PRICE TARGET: $48.50 DETAILS
HIGH: $52.00
LOW: $45.00
MEDIAN: $48.50
CONSENSUS: $48.50
UPSIDE: 34.65%
Metric 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 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3
Revenue
Revenue 977.9 840 676.2 656.1 625.2 593.7 624.2 645 612.7 575 573.4 599.3 586.1 574.4 573.8 618.5 676.9 680.2 646.9 616.2 586.6 550.1 536.6 477.5 387 452.6 454.7 464.7 456.7 459.8 478.4 488.5 1,022.5 964.1 1,068.7 904.3 941.1 861.8 950 891 922 823.8 735 597.3 675.1 534.8 273.6 196.8 189.1 183.7 185.3 188.4 190.0 182.1 182.4 180.4
Cost of Revenue 643.9 517.3 399.6 379.1 358.8 343.2 368.2 377.5 345.5 330 353.1 357.4 357.6 346.6 355.8 396.6 427.1 417.2 410.1 371.7 348.1 309.1 313.9 274 224.5 255.3 263.4 259 263.7 261.5 276.2 278.9 599.6 559.4 629.1 533.2 541.2 483.4 554 515 541 467.8 461.6 354.6 406.5 327.7 161.1 93.6 92.4 99.5 91.8 89.5 93.5 88.8 93.6 90.7
Gross Profit 334 322.7 276.6 277 266.4 250.5 256 267.5 267.2 245 220.3 241.9 228.5 227.8 218 221.9 249.8 263 236.8 244.5 238.5 241 222.7 203.5 162.5 197.3 191.3 205.7 193 198.3 202.2 209.6 422.9 404.7 439.6 371.1 399.9 378.4 396 376 381 356 273.4 242.7 268.6 207.2 112.5 103.2 96.7 84.2 93.6 99.0 96.5 93.3 88.8 89.7
Operating Expenses
R&D Expenses 19.5 20.2 17.4 18.1 16.2 15.9 14.4 14.9 15.6 18.1 13.8 12.9 28.9 12.5 10.6 11.3 12.8 14.1 12.9 12.5 12.8 11.5 11.4 10.1 9.6 17.5 10.3 10 11.1 10.8 11.2 10.5 25.9 23.5 28.3 23.4 25.1 21.6 23 21 21 19.9 15 16.6 18.4 12.9 7.7 6.4 5.9 6.2 6.4 5.7 5.9 6.0 5.9 6.2
SG&A Expenses 200.8 191.1 189.5 158.1 155.9 157.2 166.7 157.6 155.4 149.1 151 149.9 147 148.9 147.3 131.4 146.5 153.4 163.4 163.5 154.7 129.6 131.3 134.8 113.4 125.2 99.4 128.8 126.4 142.4 120.2 139.5 280 277 303.2 264.2 284.4 257.5 300 274 265 284 264.3 194.8 206.2 190.4 126.2 72.9 84.8 74.0 61.4 4.8 54.0 56.0 74.4 46.5
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 80 0 0.3 0 0 0 0 0 0 0 0 0 0 0 0.4 0 0 (1.1) 0 1.2 (0.1) 0 0 0 (1.8) 0 (2.2) 0 0 2 2.1 0 1.4 (2.2) 0 1.2 0 (0.5) (0.1) 0.3 (1.0) 0 0 0 0
Operating Expenses 220.3 211.3 206.9 176.2 172.1 173.1 181.1 172.5 171 167.2 164.8 242.8 175.9 161.4 157.9 142.7 159.3 167.5 176.3 176 167.5 141.1 142.7 144.9 123 142.7 109.7 138.8 137.5 153.2 131.4 150 305.9 300.5 331.5 287.6 309.5 279.1 323 295 286 303.9 279.3 211.4 224.6 203.3 133.9 79.3 90.7 80.2 298.1 4.8 59.9 61.9 64.0 62.3
Operating Income
Operating Income 113.7 111.4 69.7 100.8 94.3 77.4 74.9 95 96.2 77.8 55.5 (0.9) 52.6 66.4 60.1 79.2 90.5 95.5 60.5 68.5 71 99.9 80 58.6 39.5 54.6 81.6 66.9 55.5 45.1 70.8 59.6 117 104.2 (51.9) 83.5 90.4 99.3 26 80 95 52.1 (5.9) 31.3 44 2.2 (23.5) 23.4 5.6 4.0 25.8 (4.8) 36.6 29.8 28.7 30.1
Interest Expense 24 21.5 12.9 13.3 12.9 14.3 13.9 14.2 14.3 13.9 12.3 13.3 12 11.7 11.6 12.3 13.2 14.1 14.6 13.8 12.9 12.9 12.7 17.1 16.9 16.7 17 17.4 18.2 38.1 77.6 77.9 78.3 77.2 81.6 84.7 85 89.4 86 99 97 93.8 70.7 52.7 51.1 39.4 14.5 8.0 7.7 7.7 0 0 12.8 11.7 0 11.4
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0 11.5 0
Profitability
EBITDA 158.4 146.7 (0.3) 75 114.4 167.3 118.5 130.8 128.6 123.7 108.9 41.4 101.1 110.7 91.5 121.9 141.3 137.6 115.4 108.5 100.2 165.4 127.2 99.8 78.9 94.5 134.6 106.9 64.9 62.9 112.8 99.3 168.5 272.9 (36) 149.3 84.3 167.4 198.3 170.2 181 173.5 (32.9) 116.9 112.3 37.8 8.1 45.1 26.9 20.8 39.3 (4.8) 14.8 43.2 39.3 40.3
EBIT 113.7 104.2 (37.5) 36.4 76.2 130.1 80.7 91.4 88.5 83.4 66.9 (3.1) 60 71.6 49.9 82.1 100.7 96 72.2 67 60.1 126.3 86.3 58.6 39.5 54.6 95.7 68.6 26.1 24.2 74.6 60.6 76.7 181.2 (124.8) 46.2 36.1 84.5 48.8 184.8 116.2 (22.2) (43.5) (51.5) 41.8 37.8 (22.3) 20.3 5.1 3.9 25.8 (4.8) 14.8 33.4 28.7 27.4
Income Before Tax 47.5 82.7 (50.4) 23.1 63.3 80.2 66.8 77.2 74.2 69.5 37.6 (16.4) 48 59.9 38.3 69.8 87.5 76.4 37.9 53.2 47.2 113.4 71.6 (11.1) 8.1 12.5 95.7 51.2 7.9 (13.9) (11.5) (23.1) (2.8) 103 (206.4) (28.8) (48.9) (4.9) (37) 86 19 (116) (114.2) (104.2) (9.3) (1.6) (36.8) 12.3 (2.6) (3.8) (215.3) (4.7) 2.0 21.6 13.2 15.9
Income Tax Expense (29.8) 26.7 (56.4) (16.2) 15.8 (17.8) 12 36.8 (17.5) 13.5 (40.4) 15.3 21.2 16.9 25.4 16.5 23.9 20 31.8 17.3 (31.9) 31.1 41.7 (47.3) 5.8 4.1 21.3 57.2 (6.8) (10.4) 2.7 (18.8) (14.6) 65 (60.7) 37.5 11.1 18.7 (37) 20 27 18.4 33.1 17.6 (0.2) 24.7 (3.2) (1.6) (4.1) 2.1 (13.7) 0 7.8 6.3 7.6 5.9
Net Income 77.3 55.9 6.1 39.3 47.4 98 54.7 40.3 93.2 56 77.1 (31.8) 29.9 42.9 12.7 53.2 65.2 56.1 3.9 36 81.1 82.3 29.9 36 1.2 8.6 74.4 (6.9) 1.5 23.2 35.2 (408.9) 12 37.3 (141.5) (69.2) (61.1) (24.4) (2) 72 (9) (134.8) (147.5) (122.3) (12.2) (26.7) (34.0) 11.9 (0.4) (7.4) (189.4) (4.7) (5.9) 15.2 (6.0) (1.3)
Per Share Data
EPS (Basic) 0.32 0.23 0.03 0.16 0.20 0.40 0.23 0.17 0.39 0.23 0.32 -0.13 0.12 0.18 0.05 0.22 0.26 0.23 0.01 0.15 0.33 0.33 0.12 0.15 0.01 0.03 0.30 -0.03 0.01 0.09 0.12 -1.42 0.04 0.13 -0.49 -0.24 -0.21 -0.09 -0.01 0.45 -0.04 -0.59 -0.70 -0.58 -0.06 -0.14 -0.25 0.09 -0.00 -0.07 -1.81 -0.05 -0.07 0.04 -0.12 -0.03
EPS (Diluted) 0.32 0.23 0.03 0.16 0.20 0.40 0.23 0.17 0.38 0.23 0.32 -0.13 0.11 0.18 0.05 0.22 0.26 0.23 0.01 0.15 0.33 0.33 0.12 0.15 0.01 0.03 0.29 -0.03 0.01 0.09 0.12 -1.42 0.04 0.13 -0.49 -0.24 -0.21 -0.09 -0.01 -0.15 -0.04 -0.59 -0.70 -0.58 -0.06 -0.14 -0.25 0.08 -0.00 -0.07 -1.81 -0.05 -0.07 0.04 -0.12 -0.03
Shares Outstanding 243.6 243.2 242.1 241.6 242.2 242.4 242.1 242.1 242.1 241.8 241.5 241.5 241.4 241.1 241.2 244.7 247.1 247.3 247.3 247.6 247.5 247.2 247.2 248.9 248.8 250.3 251 254.4 257.3 268.2 288.4 288.2 288.2 287.9 287.2 286.7 286.1 271.1 280 234.4 220 228.5 210.9 210.9 192.8 190.7 137.3 137.3 128.6 105.7 104.7 88.5 88.5 88.5 49.6 49.6
Metric 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 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4
Current Assets
Cash & Cash Equivalents 189.6 177.3 626.5 594.3 529.9 499.2 359.4 376 309.3 286.3 289.3 329.6 282.4 279 265.6 234 215.6 218.8 330.1 279.3 318.4 317.5 291.9 248.4 237.3 497.4 190.1 200.3 247.6 230.4 233.6 252.2 442.4 412.6 477.8 390.9 427.1 366.4 423 714 342 329.7 432.2 682 672.2 297.3 397.3 281.7 642.8 316.6 123.0 65.2 42.9 (143.4) 143.4
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 286.7 0
Net Receivables 711 676.9 517.7 502.2 496.7 454.7 439.6 474.9 480.7 459 461.8 449.5 452.2 461.3 455.8 467.6 527.1 540.8 492.2 507.1 450 422.3 403.4 366 309.8 354.1 363.9 367.2 374.7 380.3 382.4 400.3 1,243.1 1,289.4 1,156 1,133.9 1,168.2 1,189.5 1,054.8 1,141 1,181.7 1,172.8 1,023 943.4 1,050.1 1,054.1 327.3 145.1 142.0 141.4 140.5 144.4 145.0 0 139.0
Inventory 417.5 421.6 294.7 290.9 283.8 269.9 246.2 285.7 335.4 319.1 298.9 322.8 332.8 322 290.7 309.9 337.7 323.4 274.4 316.4 280.4 243.4 203.1 211.9 210.8 213.1 199.6 198 201.6 202.4 188.1 210.2 583.8 611.6 490.4 556.7 536.6 516.7 416 564 573 612.5 517.5 466.9 470 460.9 205.8 79.3 80.5 79.9 89.6 79.4 75.8 0 76.1
Other Current Assets 204.7 152.6 115.3 109.5 111.9 108.6 202.1 186.4 147.6 146.3 115 166.3 155 132.3 138.1 131.9 123.7 101.2 88.4 78.2 67.7 60.7 67.5 95.9 59.2 62.2 61.5 62.9 78.7 168.7 1,663.8 1,604.6 185.2 190.1 173.6 160.5 143 104.6 106.1 3.5 6.3 5.1 225.6 0.8 0 0 631.6 383.1 0 0 (0.3) 5.8 122.2 0 16.1
Total Current Assets 1,522.8 1,458.4 1,582.5 1,526.2 1,454.2 1,360.5 1,270 1,351.2 1,302 1,235.8 1,197.5 1,299.5 1,256.5 1,234.2 1,188.7 1,178.6 1,237.8 1,216.9 1,214.5 1,213.1 1,145 1,070.1 989.9 946.6 839.4 1,147.8 833.4 850.3 926.3 1,001.7 2,482.2 2,467.3 2,501.8 2,552.1 2,340.6 2,296.6 2,342.4 2,255.5 2,071 2,601 2,268 2,296.1 2,270.5 2,312.7 2,387.3 1,981.3 1,578.4 911.7 889.5 559.2 383.2 305.9 385.9 143.4 374.5
Non-Current Assets
Property, Plant & Equipment 408.8 403.3 319.6 300.1 296.6 283.8 276.8 273.9 297.6 295.5 296.9 279.2 282.5 277.6 277.2 263.4 265.7 275 278.1 270.7 242.4 235.3 240.4 234.6 254.2 256.7 264.8 250 256.7 263 266.9 270.1 429.7 451 452.3 452.4 455.8 456.4 461 473 480 496.5 491.6 266.9 280.6 280.0 175 133.9 133.6 135.7 139.7 99.2 96.0 0 100.4
Goodwill 2,537.4 2,535.5 2,241.9 2,234.1 2,241.6 2,162 2,132 2,220.2 2,285.6 2,302.3 2,336.7 2,281.5 2,394.9 2,425.3 2,412.8 2,326.2 2,425.4 2,518.6 2,526.3 2,533.4 2,267.1 2,225 2,252.7 2,189.6 2,133.9 2,127.2 2,179.6 2,125.8 2,177.9 2,191.4 2,182.6 2,187.4 4,043.8 4,276.4 4,201.2 4,367.5 4,274.7 4,270.1 4,179 4,366 4,370 4,247.9 4,021.9 2,842 3,012.8 2,908.9 1,405.3 971.7 1,004.4 1,001.7 1,002.9 471.6 463.1 0 476.2
Intangible Assets 1,004.9 1,029.4 657.2 675.6 706.2 713.7 732 782.2 806.6 840 879.3 889.6 933.2 780.9 805.5 804.1 866.9 929.7 956.7 994.1 823.8 817.4 855.9 860.1 868.6 894.5 944.4 918 967.5 1,000 1,024.5 1,054.5 2,896.7 3,126.6 3,137.3 3,193.6 3,184.6 3,241.1 3,233 3,393 3,454 3,453.6 3,314.3 2,577.9 2,777.3 2,769.6 1,341.5 664.9 699.4 665.6 683.0 231.1 235.0 0 251.8
Long-Term Investments 0 0 0 0 0 0 0 0 17.2 11.2 28.1 60.1 43.2 52.2 70.4 153.8 80.4 4 12.4 (163.9) (112.6) (111) 0 (77.1) (118.2) (115.1) 0.3 (126.5) (120.3) (128.5) 2.9 (145.3) (524.9) (569.3) 6.4 (671.1) (665.7) (668.2) 5.7 (696.7) (733.7) (723.8) (678.8) (567.1) (675.6) (647.2) 2.3 (151.8) (166.3) (135.3) (138.3) 0 0 0 0
Other Non-Current Assets 146.9 145.2 124.7 126.3 125.6 121.5 329.8 311.4 124.2 114.5 115.1 109.1 102.2 99.9 97.6 93.5 75.1 112.7 68.9 171.6 165.5 128.9 144.5 95.9 122.6 137.3 102.2 129.4 112.4 116.2 3,445.3 3,412.3 106.4 141.1 121 128.5 128.8 126.8 110 94 99 98.6 91.9 76.3 88.4 128.1 57.4 47.4 39.7 32.0 33.1 36.6 34.2 (143.4) (828.4)
Total Non-Current Assets 4,261.4 4,279.4 3,518.9 3,518.9 3,548.4 3,434.1 3,603.9 3,747 3,680.4 3,676.4 3,776.6 3,669.3 3,804.5 3,692.3 3,715 3,691.1 3,771.9 3,911.9 3,923.9 3,969.8 3,498.8 3,406.6 3,493.5 3,380.2 3,379.3 3,415.7 3,491 3,423.2 3,514.5 3,570.6 6,919.3 6,924.3 7,476.6 7,995.1 7,911.8 8,142 8,043.9 8,094.4 7,983 8,326 8,403 8,296.6 7,919.7 5,763.1 6,159.1 6,086.6 2,979.2 1,817.9 1,877.1 1,835.0 1,858.6 838.4 828.4 (143.4) 828.4
Total Assets 5,784.2 5,737.8 5,101.4 5,045.1 5,002.6 4,794.6 4,873.9 5,098.2 4,982.4 4,912.2 4,974.1 4,968.8 5,061 4,926.5 4,903.7 4,869.7 5,009.7 5,128.8 5,138.4 5,182.9 4,643.8 4,476.7 4,483.4 4,326.8 4,218.7 4,563.5 4,324.4 4,273.1 4,440.3 4,572.2 9,401.5 9,391.5 9,978.4 10,547.2 10,252.4 10,438.6 10,386.3 10,349.9 10,054 10,927 10,672 10,592.7 10,190.2 8,075.8 8,546.4 8,067.9 4,557.6 2,729.6 2,766.7 2,394.2 2,241.9 1,144.3 1,214.3 0 1,233.9
Current Liabilities
Account Payables 186.4 180.8 165.5 145.2 148.3 145.2 121.3 127.1 146.2 132.9 140.6 143.8 144.1 151.2 132.2 158.4 175.6 179.5 138.4 165 140 122.5 95.6 103.8 79.8 101.8 96.8 102.7 106.1 110 100.9 112.7 464.4 498.1 38.1 427.4 432.6 410.4 383.6 394.8 393.9 419.8 450.3 386.1 386.7 389.5 106.7 58.2 57.0 54.2 56.2 56.0 56.6 0 53.4
Short-Term Debt 62.9 97.9 0 0 0.2 0.1 10.4 11.5 11.5 11.5 26.5 11.5 11.5 11.5 11.5 11.9 13.5 13.7 12.7 12.9 7.4 7.4 7.4 7.7 7.7 327.7 7.8 7.8 57.8 128 25.3 0.6 138.8 116.3 10.1 90 188.8 207.7 116.1 81.4 161.5 188.9 125.8 36.1 39.2 194.1 13.2 7.9 8.0 7.9 8 9.2 113.6 0 26.8
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 581 69.8 335 290.7 241.3 176.5 202.3 11.8 3.4 13.4 6.6 0 0 0 0
Other Current Liabilities 274.5 264.9 76.5 231.5 206.4 199.4 85.1 245.4 214.5 196.5 75.5 221.4 222.5 179.9 68 183.7 205.9 206.5 89.8 243.4 208.1 190.1 91.3 190.9 158.2 173.6 99.8 165.5 159.2 218.1 931.5 1,013.9 582.4 620.9 861.4 440.1 449.6 417 397 378.4 154 0 287.5 252.2 262.3 31.7 79.6 11.8 3.4 4.7 6.4 22.2 44.7 0 74.7
Total Current Liabilities 523.8 543.6 429.9 376.7 354.9 344.6 379.7 384 372.2 340.9 369.4 376.7 378.1 342.6 344.4 354 395 399.7 415.2 421.3 355.5 320 314.3 302.4 245.7 603.1 293.8 289.8 338 456.1 1,142.5 1,126.6 1,185.6 1,235.3 1,091.8 1,120.4 1,204.9 1,200.9 1,083 1,568 1,136 1,175.6 1,062.4 965.1 858 998.4 242.6 141.3 115.3 107.1 119.4 116.9 214.9 0 128.1
Non-Current Liabilities
Long-Term Debt 2,056.5 2,058.7 1,625.9 1,625.2 1,624.5 1,623.8 1,813.6 1,914.7 1,916.8 1,918.9 1,921 2,027.8 2,029.4 1,882.1 1,883.8 1,886.8 1,889.9 1,892.1 1,894.2 1,897.4 1,505.8 1,507 1,508.1 1,509.7 1,511.1 1,512.2 1,513.2 1,514.2 1,515.3 1,516.5 5,350.7 5,389.9 5,402 5,495.2 5,437.9 5,332.7 5,271.1 5,141.8 5,122.9 5,196.9 5,200.8 5,218.4 5,173.6 3,401.4 3,401.6 3,424.4 1,400.8 738.5 740.5 742.3 744.3 1,099.9 1,103.1 0 692.9
Deferred Tax Liabilities 94.9 109.8 93.1 97.4 102.1 96.9 93.9 105.6 103.8 102.9 108.9 104.4 115.3 120 121.2 122.9 131.7 137.9 140 163.9 112.6 111 112.9 77.1 118.2 115.1 119.6 126.5 120.3 128.5 133 145.3 524.9 569.3 170 671.1 665.7 668.2 663 697 734 723.8 678.8 567.1 675.6 647.2 202.3 151.8 166.3 135.3 138.3 0 0 0 0
Other Non-Current Liabilities 281.7 275.9 263.1 277.1 279.8 194.3 121.9 239.2 200.9 210.2 152.4 213.7 218.5 210.5 133.8 201.3 177.9 185.6 146.1 185.2 201.6 190.9 189.9 194.6 188.6 191.7 132.2 172.9 186.2 215.9 594.2 618.4 261.5 280.4 693.6 295.5 292.3 289.1 295.5 404.6 1,116.2 1,097.2 1,035 790.8 887.9 872.5 361.6 270.3 284.7 240.7 228.6 136.5 136.9 0 (692.9)
Total Non-Current Liabilities 2,433.1 2,444.4 1,982.1 1,999.7 2,006.4 1,915 2,095.8 2,259.5 2,221.5 2,232 2,260.4 2,345.9 2,363.2 2,212.6 2,210.2 2,211 2,199.5 2,215.6 2,222.4 2,246.5 1,820 1,808.9 1,851 1,781.4 1,817.9 1,819 1,811.3 1,862.8 1,871.1 1,860.9 6,077.9 6,153.6 6,188.4 6,344.9 6,300.6 6,299.3 6,229.1 6,099.1 6,082 6,299 6,323 6,321.1 6,208.6 4,196.5 4,294 4,296.9 1,762.4 1,008.7 1,025.2 983.1 972.9 1,237.3 1,240.0 0 692.9
Total Liabilities 2,956.9 2,988 2,412 2,376.4 2,361.3 2,259.6 2,475.5 2,643.5 2,593.7 2,572.9 2,629.8 2,722.6 2,741.3 2,555.2 2,554.6 2,565 2,594.5 2,615.3 2,637.6 2,667.8 2,175.5 2,128.9 2,165.3 2,083.8 2,063.6 2,422.1 2,105.1 2,152.6 2,209.1 2,317 7,220.4 7,280.2 7,374 7,580.2 7,392.4 7,419.7 7,434 7,300 7,165 7,867 7,459 7,496.7 7,271 5,161.6 5,152 5,295.3 2,005 1,150.0 1,140.5 1,090.2 1,092.3 1,354.2 1,454.9 0 961.5
Stockholders' Equity
Common Stock 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.9 2.9 2.9 2.9 2.9 2.9 2.8 2.8 3 3 2 2.3 2.3 2.1 2.1 1.9 1.9 1.4 1.4 1.2 0 49.6 49.6 0 50
Retained Earnings (811.2) (868.5) (904.6) (891.1) (910.9) (938.6) (1,017.1) (1,052.4) (1,073.2) (1,146.8) (1,183.3) (1,241.2) (1,189.9) (1,200.4) (1,223.8) (1,217.1) (1,250.6) (1,295.9) (1,331.9) (1,316) (1,337.1) (1,403.3) (1,473.2) (1,490.7) (1,526.7) (1,527.9) (1,536.5) (1,610.9) (1,604) (1,605.5) (1,195.4) (1,230.6) (821.7) (833.7) (869.7) (728.2) (659) (597.9) (574) (572) (676) (667.5) (532.7) (385.2) (263) (250.8) (224.1) (190.1) (202.0) (201.6) (194.2) (271.3) (284.8) 0 (273.1)
Accumulated Other Comprehensive Income (285.6) (292.9) (308.9) (319.5) (318.1) (409.6) (467.2) (371.9) (413.2) (384.2) (345.9) (387.1) (361.9) (296.8) (298.1) (378.4) (285.4) (182.3) (197.4) (225.6) (203) (240.1) (194.8) (271) (323.8) (334.9) (280.5) (313.5) (258.4) (240.1) (756.9) (780) (697.3) (356.9) (422) (410) (533.8) (498.4) (675) (464) (474) (587.7) (886.1) (741.4) (387.6) (547.8) (130.6) (33.4) 24.4 5.5 14.8 (36.5) (52.7) (252.3) 0
Total Stockholders' Equity 2,812.7 2,735 2,674.5 2,653.7 2,626.2 2,519.8 2,383 2,439.3 2,373.1 2,323.7 2,328.5 2,230.2 2,303.5 2,354.7 2,332.5 2,288.1 2,398.2 2,494.9 2,480.7 2,479.6 2,470 2,349.5 2,319.8 2,244.6 2,156.8 2,143 2,220.9 2,122.1 2,232.8 2,256.7 2,109.2 2,046.2 2,532.4 2,855.8 2,743.1 2,890.5 2,822.7 2,907 2,735 2,888 3,022 2,914.7 2,749.8 2,808.7 3,285.3 2,663.5 2,459.6 1,481.2 1,527.2 1,206.7 1,053.6 (209.5) (240.2) 272.4 272.7
Total Liabilities & Equity 5,784.2 5,737.8 5,101.4 5,045.1 5,002.6 4,794.6 4,873.9 5,098.2 4,982.4 4,912.2 4,974.1 4,968.8 5,061 4,926.5 4,903.7 4,869.7 5,009.7 5,128.8 5,138.4 5,182.9 4,643.8 4,476.7 4,483.4 4,326.8 4,218.7 4,563.5 4,324.4 4,273.1 4,440.3 4,572.2 9,401.5 9,391.5 9,978.4 10,547.2 10,252.4 10,438.6 10,386.3 10,349.9 10,054 10,927 10,672 10,592.7 10,190.2 8,075.8 8,546.4 8,067.9 4,557.6 2,729.6 2,766.7 2,394.2 2,241.9 1,144.3 1,214.3 272.4 0
Debt Metrics
Total Debt 2,119.4 2,156.6 1,642.4 1,625.2 1,624.5 1,623.8 1,905.6 1,926.2 1,928.3 1,930.4 2,025.6 2,039.3 2,040.9 1,893.6 1,982.6 1,898.7 1,903.4 1,905.8 1,967.7 1,910.3 1,513.2 1,514.4 1,572 1,517.4 1,518.8 1,839.9 1,583.4 1,585 1,637.3 1,644.5 5,376 5,389.9 5,540.8 5,611.5 5,447.2 5,422.7 5,459.9 5,349.5 5,239 5,278 5,349 5,407.3 5,228.3 3,437.5 3,440.8 3,618.5 1,415.9 746.4 748.5 750.2 752.2 1,110.0 1,216.7 0 720.6
Net Debt 1,929.8 1,979.3 1,015.9 1,030.9 1,094.6 1,124.6 1,546.2 1,550.2 1,619 1,644.1 1,736.3 1,709.7 1,758.5 1,614.6 1,717 1,664.7 1,687.8 1,687 1,637.6 1,631 1,194.8 1,196.9 1,280.1 1,269 1,281.5 1,342.5 1,393.3 1,384.7 1,389.7 1,414.1 5,142.4 5,137.7 5,098.4 5,198.9 5,001.7 5,031.8 5,032.8 4,983.1 4,816 4,564 5,007 5,077.6 4,796.1 2,755.5 2,768.6 3,411.1 1,018.6 464.7 105.7 433.6 629.2 1,044.8 1,173.8 143.4 (143.4)
Metric 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 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3
Operating Activities
Net Income (56) 56 6.1 39.3 47.4 98 54.7 40.3 93.2 56 77.1 (31.8) 29.9 42.9 12.7 53.2 65.2 56.1 3.9 36 81.1 82.3 29.9 36 1.2 8.6 74.4 (6.9) 1.5 23.2 35.2 (408.9) 12 37.3 (141.5) (69.2) (61.1) (24.4) (1.8) 71.8 (8.8) (134.8) (129.7) (140.1) (12.2) (26.7) (34) 11.9 (0.4) (7.4) (200.1) 9.8 (5.9) 15.2 5.5 10.0
Depreciation & Amortization (42.5) 42.5 37.2 38.6 38.2 37.2 37.8 39.4 40.1 40.3 42 44.5 41.1 39.1 39.3 39.8 40.6 41.6 43.2 41.5 40.1 39.1 40.9 41.2 39.4 39.9 38.9 38.3 38.8 38.7 38.2 38.7 39.6 40.2 39.5 (56.4) 87 85.9 87.4 86.9 85.4 82.6 74.7 57.6 70.5 48.2 30.8 18.9 21.4 16.9 13.6 12.3 9.9 9.9 10.6 10.2
Stock-Based Compensation (8.1) 8.1 43.3 4.5 6.3 5 3.3 0 3.6 4.1 (1.2) 2.9 3.3 4.4 4.9 4 3.6 5.2 6.3 12.5 17 4.3 0.6 2 1.4 2 11.8 0 0 0 15.4 0 0 0 9.6 0 0 0 2.4 2.1 1.8 0.9 (0.6) (0.4) 0.6 2 0.5 0.4 0.4 0 9.8 0 (0.1) 0.1 (0.0) 0.0
Change in Working Capital 185.9 (185.9) (11.7) 6.7 (36.6) (66.8) 44.5 4.5 (14.9) (33.4) 51.5 (8.4) 0.2 (46.1) 59.3 42.8 (34.3) (156.7) 86.7 3.1 (33.9) (97.5) 41.8 (40) 26.6 (28.9) 33.6 50 (32.1) (117.1) 64.8 (62.8) 45.8 (71.9) 77.8 104.3 (30.6) (226.9) 47.3 44.1 68 (199.8) 281.7 (25.8) (129.7) 0 (5.1) 0 0 0 (6.9) 4.9 (16.2) (2.7) 11.0 3.3
Other Non-Cash Items 15.9 11 16.2 20.1 17.3 (47.4) (1.6) 5.1 (53.8) (8.8) (58.3) 80.2 9.3 13.2 (15.7) (13.1) 1 48.2 (21.9) (1.8) (23.9) 4.4 (31.5) 30.4 (5.1) 24.9 (87.5) (13.4) 9.7 (92.7) (98.9) 461.3 (28) (166.7) 97.3 99.9 113.8 46 73.5 (115.6) (49.3) 40.7 (36.3) 139.5 168.3 (20.7) 26.5 (0.9) 6.7 11.6 183.5 (0.5) 26.5 0.6 0.0 14.6
Operating Cash Flow 93.5 (66.6) 91.1 100.1 72.6 26 138.7 98.5 68.2 58.2 111.1 87.4 83.8 53.5 100.5 126.7 76.1 (5.6) 118.2 91.3 80.4 32.6 81.7 69.6 63.5 46.5 71.2 217.1 17.9 (147.9) 54.7 28.3 69.4 (161.1) 98.6 96.7 107.2 (120.4) 209 88 97 (210.4) 189.8 30.8 170.4 (70.1) 18.7 30.2 28.1 21.1 (0.2) 27.1 14.1 23.1 16.2 34.9
Investing Activities
Capital Expenditure (27.9) (25.1) (17) (16.5) (17.7) (11) (22.3) (12.6) (14.5) (19) (16.4) (13.4) (13.8) (9.1) (15) (11.1) (12.2) (9.5) (18.6) (10.4) (8.8) (8.5) (7.1) (6.7) (4.5) (10.5) (11.5) (6.8) (4.7) (6.7) (8.8) (8.6) (14.3) (10) (18) (12.7) (13.8) (14.9) (24) (10) (11) (11.6) (15.8) (2.8) (8.5) (20.8) (11.7) (2.2) (2.6) (2.0) (4.3) (3.2) (2.4) (1.3) (7.9) (2.6)
Acquisitions 864.2 (864.2) 0 (1.6) 2.6 0 0 0 0 (3.9) (26.2) (0.3) 0 0.5 1.4 0 3.4 (22.6) 0 (485.6) (50.9) 0 0 (9) 0 0 (63.9) 0 89.5 4,192.3 (25) 21.8 (50) 25 (0.2) 0 0 0 1.3 0 3 (1.2) (1,815.5) (1.2) (67.5) (2,789.2) (1,302.8) (63.9) (1.1) 5.9 (922.4) 0 0 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 0 0 0 0 0 0 0 11.5 0 0 0 20.3 0 (7.1) (13.2) (14.7) (7.7) (5.2) (12.9) (14) (7) (11) (8.6) (8.2) (11.6) (6.2) (8.4) 0 0 0 0 360.4 (0.5) (359.9) 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 0 0 0 0 0 0 0 25 0 0 0 8.8 0 14.3 25 18 0 0 0 0 0 11 2.2 15.8 2.8 8.5 20.8 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (865.7) 0 (1.8) (0.1) 0.6 348.6 4.9 0 (6.4) 0 18.6 1.2 (188.3) (3) 0.3 (4.8) (0.1) (5) (0.1) (5.1) 0.1 19 (1.4) 3.5 1.7 (5.9) (31.7) (150.3) (0.6) 3.5 (19.8) (39.6) 17.6 (20) (4.4) (4.9) (3.6) 2.4 12.8 9 (1) (0.7) (127) 7.5 (8.5) 579.3 (287.4) (315.0) 1.1 (1.1) 184.6 2.6 4.7 (1.3) 0.0 0.0
Investing Cash Flow (29.4) (889.3) (18.8) (18.2) (14.5) 337.6 (17.4) (12.6) (20.9) (22.9) (24) (12.5) (202.1) (11.6) (13.3) (15.9) (8.9) (37.1) (18.7) (501.1) (59.6) 10.5 (8.5) (12.2) (2.8) (16.4) (70.6) (157.1) 84.2 4,189.1 (24.5) (17.8) (39.5) 6.8 (19.3) (25.3) (22.6) (25.4) (38) (8) (9) (19.9) (1,950.7) (5.3) (82.2) (2,218.3) (1,601.9) (381.0) (2.6) 2.8 (742.1) (1.1) (357.6) (2.6) (7.9) (2.6)
Financing Activities
Net Debt Issuance (32.1) 534.4 0 0 0 (202.6) (103.9) (2.8) (2.9) (2.9) (108.4) (2.8) 147.1 (2.9) (4.5) (5.6) (3.2) (3.1) (3.3) (3) (1.8) (1.9) (2) (46.7) (321.9) 318 (2.1) (12.5) (72.2) (3,756.6) 2.9 (0.2) 7.9 51.9 20.3 (54.3) (34.5) 80 21.9 (93.8) (37.1) 123.8 1,550.9 (4.7) (8) 2,238.3 675.5 (2) (1.8) (2) (3.3) (1.3) 399.1 (19.9) 0 0
Stock Repurchased 0 0 (5.6) 0 (19.4) 0 0 0 0 0 0 0 0 0 (37.5) (53.8) (41.4) (18.3) (17.9) 0 0 0 (20) (2.6) 0 (33.1) (11) (51) (11.5) (433.6) 0 0 0 0 0 0 0 0 (460) 0 0 0 0 0 0 0 0 (0.2) 0 0 0 0 0 0 0 0
Dividends Paid (19.6) (20.2) (19.4) (19.3) (19.3) (19.8) (19.4) (19.4) (19.4) (20) (19.3) (19.4) (19.3) (19.4) (19.2) (19.6) (19.7) (19.9) (19.8) (14.9) (14.8) (12.4) (12.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0 (229.8) 0 0 0
Other Financing Activities 0.4 (6.4) (14.3) 4.2 0 (4.9) (1) (6) 0.9 (9.8) (5.6) (0.5) (1) (7.2) (2.8) (3.2) 2 (25.8) (5.2) 391.4 (6.5) 0.1 (1.4) (0.2) 0.2 (1.5) (0.8) (39.3) 2 (45.5) (21.7) (41.8) 21.1 22.3 (18.9) (63.2) 1.8 0 (461.5) (7.4) (36.3) (3.3) (30.7) 1.7 (175.4) (40.4) (9.4) (4.2) 0.4 (0.2) (14.5) 1.3 (1,280.3) (0.2) (2.5) (3.2)
Financing Cash Flow (51.3) 507.8 (39.3) (15.1) (38.7) (227.3) (124.3) (28.2) (21.4) (32.7) (133.3) (22.7) 126.8 (29.5) (64) (82.2) (62.3) (67.1) (46.2) 373.5 (23.1) (14.2) (35.8) (49.5) (321.7) 283.4 (13.9) (102.8) (81.7) (4,235.7) (18.8) (42) 29 74.2 1.9 (116.6) (32.7) 80 (439) 289 (73) 120.7 1,520.2 (2.9) 285.0 2,198.9 1,705.3 (6.4) 299.7 170.3 186.3 (2.5) (723.1) (20.0) (2.5) (3.2)
Cash Position
Net Change in Cash 12.3 (449.2) 32.2 64.4 30.7 139.8 (16.6) 66.7 23 (3) (40.3) 47.2 3.4 13.4 31.6 18.4 (3.2) (111.3) 50.8 (39.1) 0.9 25.6 43.5 11.1 (260.1) 307.3 (10.2) (47.3) 17.2 (185.1) 7.9 (39.3) 29 (66) 86.9 (36.2) 60.7 (56.2) (291) 372 12 (102.5) (249.8) 9.8 374.9 (100.0) 115.6 (361.1) 326.2 193.6 (555.6) 22.3 (100.1) (0.3) 5.8 29.6
Cash at Beginning 177.3 626.5 594.3 529.9 499.2 359.4 376 309.3 286.3 289.3 329.6 282.4 279 265.6 234 215.6 218.8 330.1 279.3 318.4 317.5 291.9 248.4 237.3 497.4 190.1 200.3 247.6 230.4 415.5 407.6 446.9 417.9 483.9 390.9 427.1 366.4 422.6 714 342 330 432.2 682 672.2 297.3 397.3 281.7 642.8 316.6 123.0 765.7 42.9 143.0 143.4 137.6 108.0
Cash at End 189.6 177.3 626.5 594.3 529.9 499.2 359.4 376 309.3 286.3 289.3 329.6 282.4 279 265.6 234 215.6 218.8 330.1 279.3 318.4 317.5 291.9 248.4 237.3 497.4 190.1 200.3 247.6 230.4 415.5 407.6 446.9 417.9 477.8 390.9 427.1 366.4 423 714 342 329.7 432.2 682 672.2 297.3 397.3 281.7 642.8 316.6 210.1 65.2 42.9 143.0 143.4 137.6
Free Cash Flow 65.6 (91.7) 74.1 83.6 54.9 15 116.4 85.9 53.7 39.2 94.7 74 70 44.4 85.5 115.6 63.9 (15.1) 99.6 80.9 71.6 24.1 74.6 62.9 59 36 59.7 210.3 13.2 (154.6) 45.9 19.7 55.1 (171.1) 80.6 84 93.4 (135.3) 185 78 86 (222) 174 28 161.9 (90.9) 7.0 28.0 25.6 19.0 (4.5) 24.0 11.8 21.8 8.3 32.2
Key Metrics 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 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3
Income Statement
Revenue 977.9 840 676.2 656.1 625.2 593.7 624.2 645 612.7 575 573.4 599.3 586.1 574.4 573.8 618.5 676.9 680.2 646.9 616.2 586.6 550.1 536.6 477.5 387 452.6 454.7 464.7 456.7 459.8 478.4 488.5 1,022.5 964.1 1,068.7 904.3 941.1 861.8 950 891 922 823.8 735 597.3 675.1 534.8 273.6 196.8 189.1 183.7 185.3 188.4 190.0 182.1 182.4 180.4
Gross Profit 334 322.7 276.6 277 266.4 250.5 256 267.5 267.2 245 220.3 241.9 228.5 227.8 218 221.9 249.8 263 236.8 244.5 238.5 241 222.7 203.5 162.5 197.3 191.3 205.7 193 198.3 202.2 209.6 422.9 404.7 439.6 371.1 399.9 378.4 396 376 381 356 273.4 242.7 268.6 207.2 112.5 103.2 96.7 84.2 93.6 99.0 96.5 93.3 88.8 89.7
Operating Income 113.7 111.4 69.7 100.8 94.3 77.4 74.9 95 96.2 77.8 55.5 (0.9) 52.6 66.4 60.1 79.2 90.5 95.5 60.5 68.5 71 99.9 80 58.6 39.5 54.6 81.6 66.9 55.5 45.1 70.8 59.6 117 104.2 (51.9) 83.5 90.4 99.3 26 80 95 52.1 (5.9) 31.3 44 2.2 (23.5) 23.4 5.6 4.0 25.8 (4.8) 36.6 29.8 28.7 30.1
Net Income 77.3 55.9 6.1 39.3 47.4 98 54.7 40.3 93.2 56 77.1 (31.8) 29.9 42.9 12.7 53.2 65.2 56.1 3.9 36 81.1 82.3 29.9 36 1.2 8.6 74.4 (6.9) 1.5 23.2 35.2 (408.9) 12 37.3 (141.5) (69.2) (61.1) (24.4) (2) 72 (9) (134.8) (147.5) (122.3) (12.2) (26.7) (34.0) 11.9 (0.4) (7.4) (189.4) (4.7) (5.9) 15.2 (6.0) (1.3)
EPS (Diluted) 0.32 0.23 0.03 0.16 0.20 0.40 0.23 0.17 0.38 0.23 0.32 -0.13 0.11 0.18 0.05 0.22 0.26 0.23 0.01 0.15 0.33 0.33 0.12 0.15 0.01 0.03 0.29 -0.03 0.01 0.09 0.12 -1.42 0.04 0.13 -0.49 -0.24 -0.21 -0.09 -0.01 -0.15 -0.04 -0.59 -0.70 -0.58 -0.06 -0.14 -0.25 0.08 -0.00 -0.07 -1.81 -0.05 -0.07 0.04 -0.12 -0.03
Balance Sheet
Cash & Equivalents 189.6 177.3 626.5 594.3 529.9 499.2 359.4 376 309.3 286.3 289.3 329.6 282.4 279 265.6 234 215.6 218.8 330.1 279.3 318.4 317.5 291.9 248.4 237.3 497.4 190.1 200.3 247.6 230.4 233.6 252.2 442.4 412.6 477.8 390.9 427.1 366.4 423 714 342 329.7 432.2 682 672.2 297.3 397.3 281.7 642.8 316.6 123.0 65.2 42.9 (143.4) 143.4
Total Assets 5,784.2 5,737.8 5,101.4 5,045.1 5,002.6 4,794.6 4,873.9 5,098.2 4,982.4 4,912.2 4,974.1 4,968.8 5,061 4,926.5 4,903.7 4,869.7 5,009.7 5,128.8 5,138.4 5,182.9 4,643.8 4,476.7 4,483.4 4,326.8 4,218.7 4,563.5 4,324.4 4,273.1 4,440.3 4,572.2 9,401.5 9,391.5 9,978.4 10,547.2 10,252.4 10,438.6 10,386.3 10,349.9 10,054 10,927 10,672 10,592.7 10,190.2 8,075.8 8,546.4 8,067.9 4,557.6 2,729.6 2,766.7 2,394.2 2,241.9 1,144.3 1,214.3 0 1,233.9
Total Debt 2,119.4 2,156.6 1,642.4 1,625.2 1,624.5 1,623.8 1,905.6 1,926.2 1,928.3 1,930.4 2,025.6 2,039.3 2,040.9 1,893.6 1,982.6 1,898.7 1,903.4 1,905.8 1,967.7 1,910.3 1,513.2 1,514.4 1,572 1,517.4 1,518.8 1,839.9 1,583.4 1,585 1,637.3 1,644.5 5,376 5,389.9 5,540.8 5,611.5 5,447.2 5,422.7 5,459.9 5,349.5 5,239 5,278 5,349 5,407.3 5,228.3 3,437.5 3,440.8 3,618.5 1,415.9 746.4 748.5 750.2 752.2 1,110.0 1,216.7 0 720.6
Stockholders' Equity 2,812.7 2,735 2,674.5 2,653.7 2,626.2 2,519.8 2,383 2,439.3 2,373.1 2,323.7 2,328.5 2,230.2 2,303.5 2,354.7 2,332.5 2,288.1 2,398.2 2,494.9 2,480.7 2,479.6 2,470 2,349.5 2,319.8 2,244.6 2,156.8 2,143 2,220.9 2,122.1 2,232.8 2,256.7 2,109.2 2,046.2 2,532.4 2,855.8 2,743.1 2,890.5 2,822.7 2,907 2,735 2,888 3,022 2,914.7 2,749.8 2,808.7 3,285.3 2,663.5 2,459.6 1,481.2 1,527.2 1,206.7 1,053.6 (209.5) (240.2) 272.4 272.7
Cash Flow
Operating Cash Flow 93.5 (66.6) 91.1 100.1 72.6 26 138.7 98.5 68.2 58.2 111.1 87.4 83.8 53.5 100.5 126.7 76.1 (5.6) 118.2 91.3 80.4 32.6 81.7 69.6 63.5 46.5 71.2 217.1 17.9 (147.9) 54.7 28.3 69.4 (161.1) 98.6 96.7 107.2 (120.4) 209 88 97 (210.4) 189.8 30.8 170.4 (70.1) 18.7 30.2 28.1 21.1 (0.2) 27.1 14.1 23.1 16.2 34.9
Capital Expenditure (27.9) (25.1) (17) (16.5) (17.7) (11) (22.3) (12.6) (14.5) (19) (16.4) (13.4) (13.8) (9.1) (15) (11.1) (12.2) (9.5) (18.6) (10.4) (8.8) (8.5) (7.1) (6.7) (4.5) (10.5) (11.5) (6.8) (4.7) (6.7) (8.8) (8.6) (14.3) (10) (18) (12.7) (13.8) (14.9) (24) (10) (11) (11.6) (15.8) (2.8) (8.5) (20.8) (11.7) (2.2) (2.6) (2.0) (4.3) (3.2) (2.4) (1.3) (7.9) (2.6)
Free Cash Flow 65.6 (91.7) 74.1 83.6 54.9 15 116.4 85.9 53.7 39.2 94.7 74 70 44.4 85.5 115.6 63.9 (15.1) 99.6 80.9 71.6 24.1 74.6 62.9 59 36 59.7 210.3 13.2 (154.6) 45.9 19.7 55.1 (171.1) 80.6 84 93.4 (135.3) 185 78 86 (222) 174 28 161.9 (90.9) 7.0 28.0 25.6 19.0 (4.5) 24.0 11.8 21.8 8.3 32.2