Graham Holdings Company logo GHC - Graham Holdings Company

Price: -- --
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 1997 1996 1995 1994 1993
Revenue
Revenue 4,911.6 4,790.9 4,414.9 3,924.5 3,186.0 2,889.1 2,932.1 2,696.0 2,591.8 2,481.9 2,586.1 2,737.0 2,600.6 3,372.6 3,526.0 4,586.4 4,386.5 4,461.6 4,180.4 3,904.9 3,553.9 3,300.1 2,838.9 2,584.2 2,411.0 2,409.6 2,215.6 2,110.4 1,956.3 1,853.4 1,719.4 1,614 1,498.2
Cost of Revenue 3,554.1 3,324.5 3,102.9 2,657.7 2,114.5 1,912.1 1,948.2 1,586.6 1,454.3 1,270.0 1,206.2 1,261.8 1,210.9 1,535.2 1,973.2 1,919.5 1,868.7 2,023.8 1,883.0 2,042.4 1,909.6 1,717.1 1,549.3 1,370.0 1,387.1 1,305.5 1,189.7 1,139.2 1,019.9 1,007.1 948.1 839.4 755.1
Gross Profit 1,357.5 1,466.4 1,311.9 1,266.8 1,071.5 977.0 983.9 1,109.3 1,137.5 1,211.9 1,380.0 1,475.3 1,389.7 1,837.3 2,241.7 2,804.0 2,517.8 2,437.8 2,297.4 1,862.5 1,644.3 1,583.0 1,289.6 1,214.2 1,023.9 1,104.1 1,025.9 971.2 936.4 846.3 771.3 774.6 743.1
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 0 0 0 0 0
SG&A Expenses 1,105.7 1,076.9 1,007.4 921.7 831.9 715.4 717.7 750.9 887.8 896.1 1,104.2 1,132.2 1,124.0 1,317.5 1,383.7 1,869.2 1,916.2 1,840.0 1,581.6 1,180.5 931.3 835.4 792.3 664.1 586.8 583.6 474.6 453.1 450 414.3 403.1 390.3 393.2
Other Expenses 0 174.0 235.2 261.1 162.2 161.2 121.6 112.2 113.3 92.9 356.6 110.4 116.3 371.2 (164.9) 194.8 343.7 423.6 238.8 222.2 198.0 184.7 133.5 172.6 217.2 180.6 162.8 139.1 105.1 94.9 97.3 109.2 94.7
Operating Expenses 1,105.7 1,250.9 1,242.5 1,182.9 994.1 876.6 839.3 863.2 1,001.1 989.0 1,460.8 1,242.6 1,240.3 1,688.7 1,218.7 2,064.0 2,259.9 2,263.6 1,820.4 1,402.7 1,129.4 1,020.0 925.8 836.7 804.0 764.2 637.4 592.2 555.1 509.2 500.4 499.5 487.9
Operating Income
Operating Income 251.8 215.5 69.4 83.9 77.4 100.4 144.5 246.2 136.4 222.9 (80.8) 232.7 149.4 148.6 334.1 602.9 257.9 174.2 477.0 459.8 514.9 563.0 363.8 377.6 219.9 339.9 388.5 379 381.3 337.1 270.9 275.1 255.2
Interest Expense 119.1 186.1 63.3 54.4 33.9 38.3 29.8 37.9 33.9 35.4 32.7 35.5 36.1 35.9 33.2 30.5 31.6 24.7 24.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 8.3 9.9 7.1 3.2 3.4 3.9 6.2 5.4 6.6 3.1 1.9 2.1 2.3 3.4 4.1 2.6 2.6 5.7 11.3 10.4 3.4 1.6 1.0 0.3 2.2 1.0 0 0 0 0 0 0 0
Profitability
EBITDA 424.0 1,448.1 665.2 504.8 719.5 696.7 662.1 473.7 330.0 378.9 340.2 1,362.7 406.0 452.1 575.3 888.5 566.8 458.0 744.0 682.0 712.9 747.7 539.1 550.2 437.2 520.5 551.3 518.1 486.4 432 368.2 384.3 349.9
EBIT 251.8 1,210.9 362.3 176.1 483.6 445.6 456.3 361.4 216.7 286.0 (88.2) 1,113.2 141.2 160.6 289.0 608.8 244.3 169.9 505.2 459.8 514.9 563.0 363.8 377.6 219.9 339.9 388.5 379 381.3 337.1 270.9 275.1 255.2
Income Before Tax 449.7 1,024.7 299.0 121.7 449.6 407.3 426.5 323.5 182.8 250.7 (120.9) 1,171.5 174.7 120.6 247.7 572.5 148.8 145.2 481.1 519.1 499.6 542.4 382.6 353.7 387.5 229.9 375.4 668.1 463.1 360.2 311.4 287 263.5
Income Tax Expense 146.4 292.1 87.3 51.3 96.3 107.3 98.6 52.1 (119.7) 81.2 20.5 406.1 110 71.6 96.3 216.6 57.6 79.4 192.5 189.6 185.3 209.7 141.5 137.3 157.9 93.4 149.6 250.8 181.5 139.4 121.3 117.3 109.7
Net Income 292.3 724.6 205.3 67.1 352.1 300.4 327.9 271.2 302.0 168.6 (100.7) 1,293.8 236.9 132.1 117.2 278.1 92.8 65.7 288.6 324.5 314.3 332.7 241.1 204.3 229.6 136.5 225.8 417.3 281.6 220.8 190.1 169.7 165.4
Per Share Data
EPS (Basic) 67.11 164.62 43.96 13.83 70.66 58.30 61.69 50.85 54.24 29.95 -17.58 195.81 32.10 17.39 14.70 31.06 9.78 6.89 30.31 33.81 32.66 34.69 25.19 21.38 24.10 14.34 22.35 41.27 26.23 20.08 17.15 14.65 14.08
EPS (Diluted) 66.47 163.40 43.82 13.79 70.46 58.13 61.21 50.50 53.89 29.80 -17.58 195.03 32.05 17.39 14.70 31.04 9.78 6.87 30.19 33.68 32.59 34.59 25.12 21.34 24.06 14.32 22.30 41.10 26.15 20.05 17.15 14.65 14.08
Shares Outstanding 4.3 4.4 4.6 4.8 5.0 5.1 5.3 5.3 5.5 5.6 5.7 6.5 7.2 7.4 7.8 8.9 9.3 9.4 9.5 9.6 9.6 9.6 9.5 9.5 9.5 9.4 10.1 10.1 10.7 11.0 11.1 11.6 11.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 267.0 260.9 169.9 169.3 145.9 423.1 214.0 253.3 390.0 648.9 477.7 390.5 119.4 87.4 28.8 31.5 20.3 75.5 15.2 21.1 102.3 146.9 117.3 171.5
Short-Term Investments 1,089.0 858.7 697.0 622.4 824.4 587.6 600.0 514.6 557.2 448.2 385.0 357.3 149.3 2.6 1.8 16.4 10.9 37.2 0 0 0 0 0 0
Net Receivables 576.8 522.1 531.9 541.3 640.2 566.5 635.0 601.4 644.2 656.7 430.7 479.4 362.9 328.8 285.4 279.3 306.0 270.3 236.5 244.2 233.1 200.7 175.4 140.5
Inventory 303.4 295.8 297.2 226.8 141.5 120.6 108.9 69.5 60.6 34.8 16.0 40.2 25.1 27.7 27.6 19.0 15.2 13.9 20.2 19.2 24.4 26.8 20.4 16.4
Other Current Assets 195.0 44.6 33.3 22.0 13.4 0.9 13.3 93.6 83.8 82.7 78.7 84.1 93.8 49.3 39.4 50.6 52.6 79.3 133 24 22.8 32.2 62.8 297.2
Total Current Assets 2,431.1 2,098.6 1,849.3 1,679.3 1,847.2 1,774.2 1,663.5 1,532.3 1,735.8 1,871.3 1,388.1 1,351.5 754.4 495.8 383.0 396.9 405.1 476.2 404.9 308.5 382.6 406.6 375.9 625.6
Non-Current Assets
Property, Plant & Equipment 992.3 937.8 969.5 932.4 906.1 840.8 911.1 293.1 259.4 233.7 1,239.7 1,302.3 1,090.0 1,051.4 1,094.4 1,098.2 927.1 854.9 841.1 653.8 511.4 457.4 411.4 363.7
Goodwill 1,585.7 1,500.0 1,525.2 1,561.0 1,649.6 1,484.8 1,388.3 1,297.7 1,299.7 1,123.0 1,423.5 1,390.2 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 170.8 221.0 300.1 340.4 389.3 325.1 373.7 362.3 340.2 174.0 611.3 625.6 1,524.2 970.9 1,255.4 1,206.8 1,007.7 886.1 883.2 679.7 544.3 472.3 512.4 309.2
Long-Term Investments 229.6 169.1 186.5 186.4 155.4 164.5 162.2 143.8 128.6 58.8 54.7 76.4 0 0 0 300 0 306.5 253 154.8 199.3 0 170.8 0
Other Non-Current Assets 2,976.6 2,741.7 2,346.6 1,847.2 2,470.0 1,846.4 1,420.8 1,121.4 1,158.8 954.7 454.3 52.0 948.1 1,383.4 851.1 336.4 860.9 349.2 263.8 249.2 202.7 396.6 197.3 324
Total Non-Current Assets 5,964.6 5,578.6 5,338.4 4,874.1 5,578.4 4,669.9 4,267.8 3,231.7 3,202.0 2,561.3 3,798.1 3,806.9 3,562.3 3,405.7 3,200.9 3,162.2 2,795.7 2,510.7 2,324.8 1,768.8 1,487.8 1,326.3 1,321 996.9
Total Assets 8,395.7 7,677.2 7,187.7 6,553.4 7,425.5 6,444.1 5,931.2 4,764.0 4,937.8 4,432.7 5,186.2 5,158.4 4,316.6 3,901.6 3,583.9 3,559.1 3,200.7 2,986.9 2,729.7 2,077.3 1,870.4 1,732.9 1,696.9 1,622.5
Current Liabilities
Account Payables 180.4 160.4 154.0 136.2 127.0 382.4 366.2 337.1 385.9 352.4 376.8 10.9 229.4 212.0 336.6 253.3 273.1 254.1 245.1 213.8 194.2 172 186.1 163.6
Short-Term Debt 264.0 26.6 66.8 155.8 141.7 95.3 175.4 6.4 6.7 6.1 3.1 153.8 58.2 208.6 259.3 50 50 487.7 58.4 296.4 0 50.2 0 0
Deferred Revenue 411.7 391.0 396.8 341.3 358.7 331.0 355.2 308.7 339.5 312.1 423.0 388.0 186.6 164.0 135.4 0 0 0 0 0 0 0 0 0
Other Current Liabilities 523.6 172.9 303.4 149.8 179.3 0.3 0.3 0 0 0 0 0 0 (29.1) 4.9 130.7 85.7 80.7 85.6 98.6 87.4 86 87 94.9
Total Current Liabilities 1,388.6 1,199.8 1,229.7 1,145.2 1,166.3 949.6 1,041.9 812.2 878.6 819.0 989.6 1,094.2 688.2 711.9 736.1 434.1 408.8 822.5 389.1 608.8 281.6 308.2 273.1 258.5
Non-Current Liabilities
Long-Term Debt 1,083.5 721.6 745.1 570.5 525.8 506.1 430.6 470.8 486.6 485.7 396.2 400.0 425.9 422.5 405.5 883.1 873.3 397.6 395 0 0 0 50.3 51.8
Deferred Tax Liabilities 891.0 739.3 600.1 466.3 676.7 521.3 427.4 322.4 362.7 379.1 422.8 360.4 403.7 303.8 261.2 221.9 117.7 114 83.7 31.3 30.1 34.6 29.1 33.7
Other Non-Current Liabilities (221.0) 323.0 169.4 203.3 225.5 250.7 221.1 237.6 294.8 296.0 141.7 121.0 374.1 375.9 330.9 323.4 306.8 273.1 261.9 241.2 224 205.9 217.5 191.1
Total Non-Current Liabilities 2,140.0 2,146.8 1,891.2 1,633.7 1,833.2 1,706.9 1,556.1 1,035.1 1,144.1 1,160.8 1,256.6 1,206.6 1,216.0 1,114.7 1,010.5 1,441.5 1,297.8 784.7 740.6 272.5 254.1 240.5 296.9 276.6
Total Liabilities 3,528.6 3,346.6 3,120.9 2,778.9 2,999.5 2,656.6 2,598.0 1,847.3 2,022.7 1,979.7 2,246.2 2,300.9 1,904.2 1,826.6 1,746.6 1,875.6 1,706.6 1,607.2 1,129.7 881.3 535.7 548.7 570 535.1
Stockholders' Equity
Common Stock 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 0 20 0
Retained Earnings 8,292.7 8,031.8 7,337.5 7,163.1 7,126.8 6,804.8 6,534.4 6,236.1 5,791.7 5,588.9 4,324.3 4,313.3 3,629.2 3,364.4 3,179.6 3,029.6 2,854.1 2,769.7 2,597.2 2,231.3 2,002.4 1,832.7 1,691.5 1,570.5
Accumulated Other Comprehensive Income 587.1 334.8 614.3 336.2 971.4 603.3 303.3 203.8 535.6 236.5 104.5 (10.7) 89.3 41.5 10.4 14.6 6.9 0.4 40.4 (0.8) 7.9 (535.7) 16.6 0
Total Stockholders' Equity 4,794.0 4,256.7 3,975.7 3,731.4 4,399.6 3,759.3 3,319.2 2,916.8 2,915.1 2,452.9 2,939.6 2,857.5 2,412.5 2,074.9 1,837.3 1,683.5 1,494.2 1,379.7 1,600 1,196 1,334.7 1,184.2 1,126.9 1,087.4
Total Liabilities & Equity 8,395.7 7,677.2 7,187.7 6,553.4 7,425.5 6,444.1 5,931.2 4,764.0 4,937.8 4,432.7 5,186.2 5,158.4 4,316.6 3,901.6 3,583.9 3,559.1 3,200.7 2,986.9 2,729.7 2,077.3 1,870.4 1,732.9 1,696.9 1,622.5
Debt Metrics
Total Debt 1,734.0 1,169.3 1,252.8 1,190.0 1,150.4 1,030.3 1,083.0 477.1 493.3 491.8 399.3 553.8 484.1 631.1 664.8 933.1 923.3 885.3 453.4 296.4 0 50.2 50.3 51.8
Net Debt 1,467.0 908.5 1,082.9 1,020.7 1,004.5 607.2 869.0 223.9 103.3 (157.0) (78.4) 163.3 364.7 543.7 636.0 901.6 902.9 809.8 438.2 275.3 (102.3) (96.7) (67) (119.7)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 292.3 732.6 211.7 70.4 353.3 300.0 327.9 271.4 302.5 169.5 314.3 332.7 241.1 204.3 229.6 136.5 225.8 417.3 281.6 220.8 190.1 169.7 153.8
Depreciation & Amortization 184.5 237.2 302.9 328.7 236.0 251.2 205.8 112.2 113.3 92.9 198.0 184.7 175.3 172.6 217.2 180.6 162.8 139.1 105.1 94.9 97.3 109.2 94.7
Stock-Based Compensation 5.7 6.3 6.7 6.1 5.7 6.3 6.3 6.4 10.2 13.4 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 24.1 111.3 (68.9) (127.2) (111.2) (69.8) (195.9) 4.8 43.1 17.2 10.5 39.4 0.9 97.9 90.1 46.6 (36.8) (18.7) (24.8) (19.9) (37.5) (109.4) (91.8)
Other Non-Cash Items (259.6) (907.9) (236.3) (38.7) (346.3) (291.4) (248.7) (100.8) (54.6) (41.8) 4.2 7.3 (5.4) 5.8 3.5 12.7 11.9 25.7 6.7 (1) (7.6) 4.7 4.3
Operating Cash Flow 339.5 407.0 259.9 235.6 202.4 210.7 165.2 287.0 268.1 261.3 522.8 561.7 337.7 497.5 348.8 368.5 283 223.1 320.1 287.4 246.5 225.3 202.6
Investing Activities
Capital Expenditure (71.9) (82.9) (93.4) (82.7) (162.5) (69.6) (93.5) (98.2) (60.4) (66.6) (238.3) (204.6) (125.6) (153.0) (224.2) (172.4) (130) (244.2) (214.6) (80) (121.7) (74.6) (79.1)
Acquisitions 0 (0.3) (74.9) (118.1) (350.1) 193.1 (151.5) (128.8) (374.9) (182.2) 32.8 0 0 0 61.9 1.6 2 376.4 0 3.5 32.7 0 64.9
Purchases of Investments (215.3) (5) (20.2) (79.4) (48.0) (20.0) (7.5) (42.7) (0.2) (48.3) (8.7) (94.6) 0 (43.9) (11.7) (42.5) (23.3) (165) (178.9) (147.5) (57.4) (320.9) (521.7)
Sales/Maturities of Investments 26.2 23.5 62.0 102.0 65.5 93.8 19.3 66.7 0.2 30.4 64.8 0 0 19.7 0.1 6.3 54.8 38.2 0 12.8 67.5 274.8 509.9
Other Investing Activities 80.0 2.3 (27.4) 1.0 0.6 2.1 (3.5) (28.1) (6.8) (44.7) (157.2) (50.1) (31.4) 1.5 (124.0) (216.7) (103.9) (326.4) 117 0.9 0.5 (22.1) (19.5)
Investing Cash Flow (181.0) (62.3) (154.0) (177.1) (494.6) 199.4 (236.7) (231.0) (442.0) (311.3) (306.6) (349.3) (157.0) (175.7) (297.8) (423.5) (200.4) (321) (276.5) (210.3) (78.4) (142.8) (45.5)
Financing Activities
Net Debt Issuance 114.7 (76.8) 62.1 55.0 144.7 (17.6) 46.7 (22.9) (17.2) 98.0 (50.6) (157.4) (71.7) (276.2) 10.1 35.1 431.7 157 296.4 (50.2) 0 (1.4) 0
Stock Repurchased (3.5) (114.1) (193.2) (71.4) (55.7) (161.8) (2.1) (118.0) (50.8) (108.9) 0 0 (0.7) (0.8) (0.4) (0.1) (425.9) (20.6) (368.6) (32.3) (89.6) (86.7) (23.1)
Dividends Paid (31.4) (30.3) (31.0) (30.7) (30.1) (30.0) (29.6) (28.6) (28.3) (27.3) (72.0) (67.9) (56.3) (54.3) (54.2) (52.0) (53.3) (51.4) (52.6) (51.2) (48.9) (48.7) (49.4)
Other Financing Activities (236.2) (19.7) 63.3 20.2 (27.8) 5.4 3.6 (22.8) (3.8) (4.8) 0 (2.0) 0 (1.9) 0 9.8 0 0 0 0 0 0 0.1
Financing Cash Flow (156.3) (241.0) (98.8) (25.0) 31.0 (204.0) 18.7 (192.4) (100.1) (43.1) (115.8) (211.6) (122.8) (324.5) (39.9) (0.1) (22.3) 92 (124.8) (121.7) (138.5) (136.8) (72.4)
Cash Position
Net Change in Cash 13.6 96.0 11.5 31.6 (264.2) 209.0 (50.1) (143.5) (263.2) (104.1) 96.5 2.8 58.7 (2.7) 11.1 (55.1) 60.3 92 (124.8) (121.7) (138.5) (136.8) (72.4)
Cash at Beginning 297.9 201.9 190.4 158.8 423.1 214.0 264.1 407.6 670.8 775.0 119.4 116.6 28.8 31.5 20.3 75.5 15.2 21.1 102.3 146.9 117.3 171.5 86.8
Cash at End 311.4 297.9 201.9 190.4 158.8 423.1 214.0 264.1 407.6 670.8 215.9 119.4 87.4 28.8 31.5 20.3 75.5 113.1 (22.5) 25.2 (21.2) 34.7 14.4
Free Cash Flow 267.7 324.1 166.4 152.9 39.9 141.1 71.7 188.8 207.7 194.6 284.4 357.1 212.1 344.5 124.6 196.2 153 (21.1) 105.5 207.4 124.8 150.7 123.5
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 1997 1996 1995 1994 1993
Income Statement
Revenue 4,911.6 4,790.9 4,414.9 3,924.5 3,186.0 2,889.1 2,932.1 2,696.0 2,591.8 2,481.9 2,586.1 2,737.0 2,600.6 3,372.6 3,526.0 4,586.4 4,386.5 4,461.6 4,180.4 3,904.9 3,553.9 3,300.1 2,838.9 2,584.2 2,411.0 2,409.6 2,215.6 2,110.4 1,956.3 1,853.4 1,719.4 1,614 1,498.2
Gross Profit 1,357.5 1,466.4 1,311.9 1,266.8 1,071.5 977.0 983.9 1,109.3 1,137.5 1,211.9 1,380.0 1,475.3 1,389.7 1,837.3 2,241.7 2,804.0 2,517.8 2,437.8 2,297.4 1,862.5 1,644.3 1,583.0 1,289.6 1,214.2 1,023.9 1,104.1 1,025.9 971.2 936.4 846.3 771.3 774.6 743.1
Operating Income 251.8 215.5 69.4 83.9 77.4 100.4 144.5 246.2 136.4 222.9 (80.8) 232.7 149.4 148.6 334.1 602.9 257.9 174.2 477.0 459.8 514.9 563.0 363.8 377.6 219.9 339.9 388.5 379 381.3 337.1 270.9 275.1 255.2
Net Income 292.3 724.6 205.3 67.1 352.1 300.4 327.9 271.2 302.0 168.6 (100.7) 1,293.8 236.9 132.1 117.2 278.1 92.8 65.7 288.6 324.5 314.3 332.7 241.1 204.3 229.6 136.5 225.8 417.3 281.6 220.8 190.1 169.7 165.4
EPS (Diluted) 66.47 163.40 43.82 13.79 70.46 58.13 61.21 50.50 53.89 29.80 -17.58 195.03 32.05 17.39 14.70 31.04 9.78 6.87 30.19 33.68 32.59 34.59 25.12 21.34 24.06 14.32 22.30 41.10 26.15 20.05 17.15 14.65 14.08
Balance Sheet
Cash & Equivalents 267.0 260.9 169.9 169.3 145.9 423.1 214.0 253.3 390.0 648.9 477.7 390.5 119.4 87.4 28.8 31.5 20.3 75.5 15.2 21.1 102.3 146.9 117.3 171.5
Total Assets 8,395.7 7,677.2 7,187.7 6,553.4 7,425.5 6,444.1 5,931.2 4,764.0 4,937.8 4,432.7 5,186.2 5,158.4 4,316.6 3,901.6 3,583.9 3,559.1 3,200.7 2,986.9 2,729.7 2,077.3 1,870.4 1,732.9 1,696.9 1,622.5
Total Debt 1,734.0 1,169.3 1,252.8 1,190.0 1,150.4 1,030.3 1,083.0 477.1 493.3 491.8 399.3 553.8 484.1 631.1 664.8 933.1 923.3 885.3 453.4 296.4 0 50.2 50.3 51.8
Stockholders' Equity 4,794.0 4,256.7 3,975.7 3,731.4 4,399.6 3,759.3 3,319.2 2,916.8 2,915.1 2,452.9 2,939.6 2,857.5 2,412.5 2,074.9 1,837.3 1,683.5 1,494.2 1,379.7 1,600 1,196 1,334.7 1,184.2 1,126.9 1,087.4
Cash Flow
Operating Cash Flow 339.5 407.0 259.9 235.6 202.4 210.7 165.2 287.0 268.1 261.3 522.8 561.7 337.7 497.5 348.8 368.5 283 223.1 320.1 287.4 246.5 225.3 202.6
Capital Expenditure (71.9) (82.9) (93.4) (82.7) (162.5) (69.6) (93.5) (98.2) (60.4) (66.6) (238.3) (204.6) (125.6) (153.0) (224.2) (172.4) (130) (244.2) (214.6) (80) (121.7) (74.6) (79.1)
Free Cash Flow 267.7 324.1 166.4 152.9 39.9 141.1 71.7 188.8 207.7 194.6 284.4 357.1 212.1 344.5 124.6 196.2 153 (21.1) 105.5 207.4 124.8 150.7 123.5