Financial Institutions, Inc. logo FISI - Financial Institutions, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 2
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $36.00 DETAILS
HIGH: $36.00
LOW: $36.00
MEDIAN: $36.00
CONSENSUS: $36.00
DOWNSIDE: 7.50%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 377.9 264.2 332.6 241.1 212.0 204.4 208.8 188.0 164.7 150.7 135.3 127.6 122.9 121.5 119.0 116.0 117.9 118.4 125.9 125.0 133.3 128.3 134.0 140.6 130.2 105.9 86.7 79.3
Cost of Revenue 144.6 176.1 135.3 42.8 4.1 49.5 46.9 38.8 30.9 22.2 17.5 15.1 16.4 16.2 21.0 24.4 29.9 40.2 47.3 41.8 64.9 50.4 58.5 48.7 54.7 47.8 34.9 33.7
Gross Profit 233.3 88.0 197.3 198.2 207.9 154.9 161.9 149.2 133.9 128.5 117.8 112.6 106.5 105.4 98.0 91.6 88.0 78.2 78.8 83.2 68.3 77.9 75.5 91.9 75.6 58.1 51.8 45.6
Operating Expenses
R&D Expenses 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
SG&A Expenses 88.3 74.9 80.6 76.0 67.0 66.2 72.9 71.8 59.6 55.5 52.6 46.2 45.4 48.1 38.5 36.5 42.4 37.8 38.7 33.6 34.8 34.5 31.4 30.1 23.0 16.8 14.8 13.1
Other Expenses 53.7 81.3 53.7 51.3 43.7 43.0 29.5 27.9 30.8 28.8 26.3 27.3 23.2 22.5 25.3 24.4 25.0 87.9 18.8 26.0 30.7 27.3 25.9 23.0 20.4 13.4 12.2 11.5
Operating Expenses 142.0 156.2 134.2 127.3 110.7 109.2 102.5 99.7 90.4 84.4 78.9 73.6 68.6 70.6 63.8 60.9 67.4 125.7 57.4 59.6 65.5 61.8 57.3 53.0 43.4 30.2 27.0 24.6
Operating Income
Operating Income 91.4 (68.1) 63.1 71.0 97.2 45.7 59.4 49.5 43.5 44.1 38.9 39.0 37.9 34.8 34.2 30.6 20.6 (47.5) 21.2 23.6 2.9 16.1 18.3 38.9 32.2 27.9 24.8 21
Interest Expense 133.0 149.6 120.4 28.7 12.5 22.3 38.9 29.9 17.5 12.5 10.1 7.3 7.3 9.1 13.3 17.7 22.2 33.6 47.1 43.6 36.4 30.8 35.9 42.6 49.7 43.6 31.9 30.9
Interest Income 333.0 313.2 286.1 196.1 167.2 161.3 168.8 152.7 130.1 115.2 105.5 101.1 98.9 97.6 95.1 96.5 94.5 98.9 105.2 103.1 103.9 106.2 111.5 118.4 114.5 96.5 78.9 72.8
Profitability
EBITDA 99.2 (60.5) 71.1 79.1 105.3 53.6 67.6 56.0 49.6 50.1 44.3 43.6 42.1 38.6 37.7 34.2 24.6 (43.5) 25.2 29.2 8.1 22.3 25.8 44.6 38.2 30.9 28.4 24.1
EBIT 91.4 (68.1) 63.1 71.0 97.2 45.7 59.4 49.5 43.5 44.1 38.9 39.0 37.9 34.8 34.2 30.6 20.6 (47.5) 21.2 23.6 2.9 16.1 18.3 38.9 32.2 27.9 24.8 21
Income Before Tax 91.4 (68.1) 63.1 71.0 97.2 45.7 59.4 49.5 43.5 44.1 38.9 39.0 37.9 34.8 34.2 30.6 20.6 (47.5) 21.2 23.6 2.9 16.1 18.3 38.9 32.2 27.9 24.8 21
Income Tax Expense 16.5 (26.5) 12.8 14.4 19.5 7.4 10.6 10.0 9.9 12.2 10.5 9.6 12.4 11.3 11.4 9.4 6.1 (21.3) 4.8 6.2 (1.8) 3.2 3.9 12.4 11.0 9.8 8.8 7.4
Net Income 74.9 (41.6) 50.3 56.6 77.7 38.3 48.9 39.5 33.5 31.9 28.3 29.4 25.5 23.4 22.8 21.3 14.4 (26.2) 16.4 17.4 2.2 12.5 14.2 26.5 21.2 18.1 16.0 13.6
Per Share Data
EPS (Basic) 3.65 -2.75 3.17 3.58 4.81 2.30 2.97 2.39 2.13 2.11 1.91 2.01 1.75 1.60 1.50 1.62 0.99 -2.54 1.34 1.40 0.06 0.98 1.14 2.26 1.79 1.51 1.38 1.22
EPS (Diluted) 3.61 -2.75 3.15 3.56 4.78 2.30 2.96 2.39 2.13 2.10 1.90 2.00 1.75 1.60 1.49 1.61 0.99 -2.54 1.33 1.40 0.06 0.98 1.13 2.23 1.77 1.51 1.38 1.22
Shares Outstanding 20.1 15.7 15.4 15.4 15.8 16.0 16.0 15.9 15.0 14.4 14.1 13.9 13.7 13.7 13.1 10.8 10.7 10.8 11.2 11.3 11.2 11.2 11.2 11.0 11.0 11.0 10.5 9.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 108.8 87.3 124.4 130.5 79.1 93.9 112.9 102.8 99.2 71.3 60.1 58.2 59.6 60.3 57.5 39.1 42.9 34.5 45.2 47.2 47.3 45.2 45.6 48.4 52.2 29.2 49.7 42.8
Short-Term Investments 0 0.0 887.7 954.4 1,178.5 628.1 417.9 445.7 525.0 539.9 544.4 622.5 609.4 823.8 627.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 25.1 23.7 24.5 19.4 57.0 34.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Inventory 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
Other Current Assets 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
Total Current Assets 133.9 111.1 1,036.7 1,104.2 1,314.6 756.3 530.9 548.4 624.2 611.2 604.5 680.6 669.0 884.1 685.0 39.1 43.0 34.5 45.2 47.2 47.3 45.2 45.6 48.4 52.2 29.2 49.7 42.8
Non-Current Assets
Property, Plant & Equipment 69.0 70.2 71.4 73.1 62.2 60.6 41.4 42.8 45.2 42.4 39.4 36.4 36.0 36.6 33.1 33.3 34.8 36.7 34.2 34.6 36.5 35.9 34.2 27.3 24.5 18.4 17.0 18.1
Goodwill 58.1 58.1 67.1 67.1 67.1 66.1 66.1 66.1 62.5 66.4 60.4 61.2 48.5 48.5 37.4 37.4 37.4 37.4 37.4 37.4 37.4 0 0 0 0 0 0 0
Intangible Assets 2.2 2.6 5.4 6.3 7.3 7.7 8.9 10.1 12.2 9.2 6.5 7.5 1.5 1.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 5,711.0 5,578.5 4,672.3 4,304.7 3,924.9 3,873.5 3,553.7 3,502.1 3,219.5 2,853.6 2,543.8 2,179.6 2,060.0 1,700.4 1,487.2 2,023.2 1,863.8 1,709.4 1,704.3 1,686.0 1,806.8 1,982.4 1,968.3 1,944.2 1,636.7 1,212.1 1,034.0 893.9
Other Non-Current Assets 257.4 235.6 259.2 188.4 138.4 148.2 183.2 142.1 141.6 127.5 126.3 124.3 113.6 92.3 93.7 81.4 83.5 98.9 36.9 102.5 94.5 55.4 84.9 44.5 41.8 29.6 35.8 17.4
Total Non-Current Assets 6,140.3 6,006.0 5,124.2 4,693.1 4,206.1 4,156.0 3,853.3 3,763.3 3,481.0 3,099.1 2,776.5 2,408.9 2,259.6 1,879.7 1,651.3 2,175.2 2,019.4 1,882.4 1,812.7 1,860.4 1,975.1 2,111.1 2,128.1 2,056.6 1,742.1 1,260.1 1,086.8 933.4
Total Assets 6,274.1 6,117.1 6,160.9 5,797.3 5,520.8 4,912.3 4,384.2 4,311.7 4,105.2 3,710.3 3,381.0 3,089.5 2,928.6 2,763.9 2,336.4 2,214.3 2,062.4 1,916.9 1,857.9 1,907.6 2,022.4 2,156.3 2,173.7 2,105.0 1,794.3 1,289.3 1,136.5 976.2
Current Liabilities
Account Payables 21.4 25.9 19.4 6.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 109 99 185 205 30 5.3 275.5 469.5 446.2 331.5 293.1 334.8 337.0 179.8 150.7 77.1 59.5 23.5 25.6 32.3 35.1 35.6 50.0 87.2 103.8 46.9 46.1 5.4
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
Other Current Liabilities 5,206.3 5,104.7 5,212.9 4,929.4 4,827.1 4,278.4 3,555.7 3,366.9 3,210.2 2,995.2 2,730.5 2,450.5 2,320.1 2,261.8 1,931.6 1,882.9 1,743.0 1,633.3 1,576.0 1,617.7 1,717.3 1,818.9 1,818.9 1,708.5 1,433.7 1,078.1 949.5 850.4
Total Current Liabilities 5,336.8 5,229.6 5,417.3 5,140.4 4,857.1 4,283.7 3,831.2 3,836.4 3,656.4 3,326.7 3,023.6 2,785.3 2,657.1 2,441.6 2,082.3 1,960 1,802.5 1,656.7 1,601.6 1,650.0 1,752.4 1,854.5 1,868.9 1,795.7 1,537.4 1,125.0 995.6 855.8
Non-Current Liabilities
Long-Term Debt 193.7 124.8 124.5 74.2 73.9 73.6 39.3 39.2 39.1 39.1 39.0 0 0 0 0 26.8 46.8 47.4 42.6 54.9 80.1 97.0 104.2 108.3 86.6 15.5 10.2 8.5
Deferred Tax Liabilities 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
Other Non-Current Liabilities 83.3 160.9 130.4 143.8 84.6 86.7 74.8 39.8 28.5 24.5 24.6 24.7 16.7 68.4 16.9 15.4 14.8 22.5 18.4 20.3 18.2 20.5 17.5 22.7 21.1 17.2 13.1 15.3
Total Non-Current Liabilities 308.5 318.5 288.8 251.3 158.5 160.3 114.1 79.0 67.7 63.6 63.5 24.7 16.7 68.4 16.9 42.2 61.6 69.9 60.9 75.2 98.3 117.5 121.7 131.0 107.7 32.7 23.3 23.8
Total Liabilities 5,645.3 5,548.1 5,706.1 5,391.7 5,015.6 4,443.9 3,945.2 3,915.4 3,724.0 3,390.3 3,087.2 2,810.0 2,673.8 2,510.0 2,099.2 2,002.2 1,864.1 1,726.6 1,662.6 1,725.2 1,850.6 1,972.0 1,990.6 1,926.7 1,645.1 1,157.7 1,018.9 879.6
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0
Retained Earnings 437.1 388.7 451.7 421.3 384.0 324.9 313.4 279.9 257.1 237.7 218.9 203.3 186.1 172.2 158.1 144.6 131.4 125.0 158.7 148.7 136.9 140.8 136.9 131.3 112.8 98.3 86.4 75.2
Accumulated Other Comprehensive Income (33.0) (52.6) (119.9) (137.5) (13.2) 2.1 (14.5) (21.3) (11.9) (14.0) (11.3) (9.0) (10.2) 3.3 0.9 (4.7) (3.7) (4.0) 0.7 (8.4) (6.2) 3.9 8.2 10.4 2.2 (0.1) (2.7) 0
Total Stockholders' Equity 628.9 569.0 454.8 405.6 505.1 468.4 438.9 396.3 381.2 320.1 293.8 279.5 254.8 253.9 237.2 212.1 198.3 190.3 195.3 182.4 171.8 184.3 183.1 178.3 149.2 131.6 117.5 96.6
Total Liabilities & Equity 6,274.1 6,117.1 6,160.9 5,797.3 5,520.8 4,912.3 4,384.2 4,311.7 4,105.2 3,710.3 3,381.0 3,089.5 2,928.6 2,763.9 2,336.4 2,214.3 2,062.4 1,916.9 1,857.9 1,907.6 2,022.4 2,156.3 2,173.7 2,105.0 1,794.3 1,289.3 1,136.5 976.2
Debt Metrics
Total Debt 334.2 256.6 343.3 312.5 103.9 78.9 314.8 508.7 485.3 370.6 332.1 334.8 337.0 179.8 150.7 103.9 106.4 70.8 68.2 87.2 115.2 132.6 154.2 195.5 190.4 62.4 56.3 13.9
Net Debt 225.5 169.3 218.9 182.0 24.8 (15.0) 201.8 405.9 386.1 299.3 272.0 276.7 277.4 119.5 93.2 64.8 63.5 36.3 23.0 40.0 67.9 87.4 108.6 147.1 138.2 33.2 6.7 (28.9)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Operating Activities
Net Income 74.9 (41.6) 50.3 56.6 77.7 38.3 48.9 39.5 33.5 31.9 28.3 29.4 25.5 23.4 22.8 21.3 14.4 (26.2) 16.4 17.4 2.2 12.5 14.2 26.5 21.2 18.1 16.0 13.6
Depreciation & Amortization 7.9 7.7 8.1 8.1 8.0 7.9 8.2 6.5 6.2 6.0 5.4 4.6 4.2 3.8 3.5 3.5 4.1 4.0 4.0 5.6 5.3 6.2 7.5 5.7 6.0 3.0 3.6 3.1
Stock-Based Compensation 3.1 1.6 1.7 2.6 1.7 1.3 1.4 1.3 1.2 0.8 0.7 0.5 0.4 0.5 1.1 1.0 0.9 0.6 1.0 0 0 0 0 0 0 0 0 0
Change in Working Capital (70.9) 33.7 (55.7) 50.7 (11.9) (26.9) (6.3) 16.4 (20.5) 2.3 (0.2) (4.6) 0.3 3.2 (2.7) 4.9 (15.4) (7.2) 1.1 10.9 7.6 7.6 (1.6) (1.9) (2.1) (2.1) (2.5) 0
Other Non-Cash Items (7.7) 111.2 7.9 20.0 (7.8) 27.3 5.2 11.9 13.5 7.4 7.0 3.3 5.2 1.4 0.8 2.2 10.8 73.9 (0.4) (3.7) 21.8 19.5 20.4 3.4 3.1 3.7 2.8 2.6
Operating Cash Flow 18.8 77.1 10.9 133.6 73.0 43.5 57.7 65.1 46.3 46.7 43.1 35.2 37.2 38.7 32.0 35.4 22.3 21.3 22.8 30.2 44.6 41.2 38.7 32.6 28.1 21.8 19.2 18.6
Investing Activities
Capital Expenditure (5.5) (5.0) (3.0) (8.4) (9.4) (4.3) (3.6) (2.8) (7.7) (7.6) (7.5) (5.3) (3.4) (5.8) (3.7) (2.4) (2.0) (6.3) (3.4) (1.9) (4.8) (5.9) (10.4) (5.3) (4.4) (3.2) (0.9) (3.7)
Acquisitions 0 0 0 0 (1.4) 0 0 (4.4) (0.7) (0.9) 0 (8.0) 0 195.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (328.1) (905.8) (54.6) (113.8) (802.5) (404.2) (219.2) (72.9) (157.9) (339.8) (336.3) (299.8) (266.5) (337.7) (175.2) (450.7) (631.5) (365.1) (362.0) (99.3) (287.7) (384.4) (458.7) (460.4) (399.0) (121.3) (130.8) (187.3)
Sales/Maturities of Investments 381.3 901.4 177.5 183.3 286.5 297.9 343.9 216.2 198.4 281.0 217.7 253.0 159.2 199.3 235.5 372.9 625.4 453.4 393.8 155.7 203.1 261.2 445.1 320.9 329.1 68.0 90.1 148.6
Other Investing Activities (187.8) 1.2 (430.0) (386.3) (106.6) (420.5) (145.9) (361.4) (404.7) (259.4) (179.8) (93.3) (131.5) (150.7) (161.5) (89.0) (164.1) (179.7) (40.5) 65.9 215.7 77.2 (37.4) (103.8) (139.3) (124.8) (109.4) (54)
Investing Cash Flow (140.0) (8.2) (310.1) (325.2) (633.4) (531.1) (24.7) (225.4) (372.6) (326.7) (305.9) (153.5) (242.2) (99.1) (104.9) (169.2) (172.2) (97.8) (12.1) 120.5 126.4 (51.9) (61.5) (248.6) (213.6) (181.3) (151.0) (96.4)
Financing Activities
Net Debt Issuance 78.6 (86) 30 175 24.7 (235.2) (194) 23.3 114.7 38.4 (1.7) (2.2) 157.2 29.1 46.8 (2.5) 35.6 2.6 (19.0) (28) (17.4) (21.6) (41.7) 5.1 90.9 6.0 42.5 1.7
Stock Repurchased (11.4) (0.4) (0.6) (15.3) (9.3) (0.2) (0.3) (0.1) (0.2) 0 (0.2) (0.2) (0.2) (0.6) (0.2) (0.1) 0 0 (7.2) (0.3) (0.2) (0.0) 0 0 0 0 0 0
Dividends Paid (26.2) (20.0) (19.7) (19.1) (18.5) (18.0) (17.3) (16.4) (14.0) (12.9) (12.7) (12.0) (11.2) (8.9) (7.6) (7.7) (7.5) (7.7) (6.2) (5.2) (6.9) (8.7) (8.6) (7.6) (6.6) (5.8) (5.0) (3.9)
Other Financing Activities 101.6 (108.2) 283.5 102.3 548.7 721.9 188.8 157.1 215.4 265.7 279.4 131.1 58.6 43.5 46.7 140.2 109.8 59.3 (34.2) (99.6) (101.7) 0.1 110.4 213.9 124.1 128.6 99.1 82.5
Financing Cash Flow 142.7 (106.0) 293.2 242.9 545.7 468.5 (22.8) 163.8 354.3 291.1 264.8 116.7 204.2 63.2 91.4 129.9 137.7 85.0 (73.8) (132.8) (125.1) (28.9) 60.0 211.3 208.5 128.4 150.1 80.3
Cash Position
Net Change in Cash 21.4 (37.1) (6.0) 51.4 (14.8) (19.1) 10.2 3.6 27.9 11.2 2.0 (1.5) (0.7) 2.9 18.5 (3.9) (12.2) 8.5 (63.1) 17.8 45.9 (39.6) 37.2 (4.7) 23.0 (31.1) 18.4 2.6
Cash at Beginning 87.3 124.4 130.5 79.1 93.9 112.9 102.8 99.2 71.3 60.1 58.2 59.7 60.4 57.6 39.1 43.0 55.2 46.7 109.8 91.9 46.1 85.6 48.4 53.2 30.2 61.2 42.8 40.2
Cash at End 108.8 87.3 124.4 130.5 79.1 93.9 112.9 102.8 99.2 71.3 60.1 58.2 59.7 60.4 57.6 39.1 43.0 55.2 46.7 109.8 91.9 46.1 85.6 48.4 53.2 30.2 61.2 42.8
Free Cash Flow 13.3 72.2 7.9 125.2 63.6 39.2 54.1 62.3 38.5 39.1 35.6 29.9 33.8 32.9 28.3 33.0 20.3 15.0 19.4 28.3 39.7 35.3 28.2 27.3 23.7 18.6 18.3 14.9
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 377.9 264.2 332.6 241.1 212.0 204.4 208.8 188.0 164.7 150.7 135.3 127.6 122.9 121.5 119.0 116.0 117.9 118.4 125.9 125.0 133.3 128.3 134.0 140.6 130.2 105.9 86.7 79.3
Gross Profit 233.3 88.0 197.3 198.2 207.9 154.9 161.9 149.2 133.9 128.5 117.8 112.6 106.5 105.4 98.0 91.6 88.0 78.2 78.8 83.2 68.3 77.9 75.5 91.9 75.6 58.1 51.8 45.6
Operating Income 91.4 (68.1) 63.1 71.0 97.2 45.7 59.4 49.5 43.5 44.1 38.9 39.0 37.9 34.8 34.2 30.6 20.6 (47.5) 21.2 23.6 2.9 16.1 18.3 38.9 32.2 27.9 24.8 21
Net Income 74.9 (41.6) 50.3 56.6 77.7 38.3 48.9 39.5 33.5 31.9 28.3 29.4 25.5 23.4 22.8 21.3 14.4 (26.2) 16.4 17.4 2.2 12.5 14.2 26.5 21.2 18.1 16.0 13.6
EPS (Diluted) 3.61 -2.75 3.15 3.56 4.78 2.30 2.96 2.39 2.13 2.10 1.90 2.00 1.75 1.60 1.49 1.61 0.99 -2.54 1.33 1.40 0.06 0.98 1.13 2.23 1.77 1.51 1.38 1.22
Balance Sheet
Cash & Equivalents 108.8 87.3 124.4 130.5 79.1 93.9 112.9 102.8 99.2 71.3 60.1 58.2 59.6 60.3 57.5 39.1 42.9 34.5 45.2 47.2 47.3 45.2 45.6 48.4 52.2 29.2 49.7 42.8
Total Assets 6,274.1 6,117.1 6,160.9 5,797.3 5,520.8 4,912.3 4,384.2 4,311.7 4,105.2 3,710.3 3,381.0 3,089.5 2,928.6 2,763.9 2,336.4 2,214.3 2,062.4 1,916.9 1,857.9 1,907.6 2,022.4 2,156.3 2,173.7 2,105.0 1,794.3 1,289.3 1,136.5 976.2
Total Debt 334.2 256.6 343.3 312.5 103.9 78.9 314.8 508.7 485.3 370.6 332.1 334.8 337.0 179.8 150.7 103.9 106.4 70.8 68.2 87.2 115.2 132.6 154.2 195.5 190.4 62.4 56.3 13.9
Stockholders' Equity 628.9 569.0 454.8 405.6 505.1 468.4 438.9 396.3 381.2 320.1 293.8 279.5 254.8 253.9 237.2 212.1 198.3 190.3 195.3 182.4 171.8 184.3 183.1 178.3 149.2 131.6 117.5 96.6
Cash Flow
Operating Cash Flow 18.8 77.1 10.9 133.6 73.0 43.5 57.7 65.1 46.3 46.7 43.1 35.2 37.2 38.7 32.0 35.4 22.3 21.3 22.8 30.2 44.6 41.2 38.7 32.6 28.1 21.8 19.2 18.6
Capital Expenditure (5.5) (5.0) (3.0) (8.4) (9.4) (4.3) (3.6) (2.8) (7.7) (7.6) (7.5) (5.3) (3.4) (5.8) (3.7) (2.4) (2.0) (6.3) (3.4) (1.9) (4.8) (5.9) (10.4) (5.3) (4.4) (3.2) (0.9) (3.7)
Free Cash Flow 13.3 72.2 7.9 125.2 63.6 39.2 54.1 62.3 38.5 39.1 35.6 29.9 33.8 32.9 28.3 33.0 20.3 15.0 19.4 28.3 39.7 35.3 28.2 27.3 23.7 18.6 18.3 14.9