GWRE - Guidewire Software, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$211.00
DETAILS
HIGH:
$235.00
LOW:
$180.00
MEDIAN:
$210.00
CONSENSUS:
$211.00
UPSIDE:
27.28%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 1,475.4 | 1,202.5 | 980.5 | 905.3 | 812.6 | 743.3 | 742.3 | 719.5 | 661.1 | 514.3 | 424.4 | 380.5 | 350.2 | 300.6 | 232.1 | 172.5 | 144.7 | 84.7 | 70.7 |
| Cost of Revenue | 528.0 | 450.4 | 397.1 | 447.1 | 435.4 | 353.7 | 338.0 | 324.4 | 296.8 | 191.6 | 151.8 | 147.2 | 148.9 | 125.7 | 90.0 | 68.3 | 55.5 | 41.7 | 42.4 |
| Gross Profit | 947.4 | 752.1 | 583.4 | 458.2 | 377.2 | 389.6 | 404.3 | 395.2 | 356.1 | 318.0 | 272.6 | 233.4 | 201.3 | 175.0 | 142.1 | 104.1 | 89.2 | 43.1 | 28.2 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 340.1 | 296.2 | 269.4 | 249.7 | 229.2 | 201.5 | 200.6 | 188.5 | 171.7 | 130.3 | 112.5 | 93.4 | 76.2 | 63.0 | 49.1 | 34.8 | 28.3 | 22.4 | 21.2 |
| SG&A Expenses | 457.4 | 414.8 | 366.6 | 358.0 | 347.4 | 293.7 | 227.6 | 205.2 | 200.0 | 165.8 | 143.7 | 123.4 | 106.7 | 82.3 | 64.1 | 52.5 | 42.9 | 31.2 | 24.2 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 0 | 0 | 0 |
| Operating Expenses | 797.5 | 711.0 | 635.9 | 607.7 | 576.6 | 495.1 | 428.2 | 393.7 | 371.7 | 296.1 | 256.2 | 216.9 | 182.9 | 145.3 | 113.1 | 97.3 | 71.2 | 53.6 | 45.4 |
| Operating Income | |||||||||||||||||||
| Operating Income | 150.3 | 41.1 | (52.6) | (149.5) | (199.4) | (105.6) | (23.9) | 1.5 | (7.3) | 26.6 | 16.4 | 16.5 | 18.4 | 16.8 | 23.6 | 6.9 | 18.0 | (10.5) | (17.2) |
| Interest Expense | 13.3 | 13.2 | 6.7 | 6.7 | 19.4 | 18.7 | 17.9 | 17.3 | 6.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 48.6 | 56.6 | 43.5 | 24.4 | 6.3 | 7.4 | 24.7 | 30.2 | 13.3 | 5.9 | 4.8 | 2.2 | 1.4 | 0.5 | 0.3 | 0.2 | 0.1 | 0.0 | 0.4 |
| Profitability | |||||||||||||||||||
| EBITDA | 205.4 | 86.4 | 2.2 | (102.5) | (176.7) | (48.6) | 36.3 | 69.7 | 33.8 | 47.3 | 29.6 | 24.0 | 25.2 | 34.6 | 31.9 | 19.1 | 19.4 | (9.2) | (15.6) |
| EBIT | 177.4 | 62.6 | (20.1) | (127.4) | (210.3) | (85.6) | (6.4) | 29.8 | (1.8) | 28.5 | 20.8 | 16.5 | 18.4 | 29.7 | 28.9 | 16.9 | 18.0 | (10.5) | (16.7) |
| Income Before Tax | 164.1 | 49.4 | (26.8) | (134.1) | (229.7) | (104.3) | (24.3) | 12.5 | 0.0 | 33.3 | 20.8 | 16.7 | 19.9 | 17.2 | 23.2 | 8.3 | 17.7 | (10.6) | (16.7) |
| Income Tax Expense | 24.8 | (20.4) | (20.7) | (22.2) | (49.3) | (37.8) | 2.9 | (8.3) | 18.5 | 12.1 | 5.8 | 6.9 | 5.2 | 1.8 | 8.0 | (27.3) | 2.2 | 0.4 | 0.1 |
| Net Income | 139.3 | 69.8 | (6.1) | (111.9) | (180.4) | (66.5) | (27.2) | 20.7 | (19.7) | 21.2 | 15.0 | 9.9 | 14.7 | 15.4 | 15.2 | 35.6 | 15.5 | (11.0) | (16.9) |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | 1.65 | 0.83 | -0.07 | -1.36 | -2.16 | -0.80 | -0.33 | 0.25 | -0.25 | 0.24 | 0.21 | 0.14 | 0.22 | 0.27 | 0.36 | 0.29 | 0.11 | -0.27 | -0.35 |
| EPS (Diluted) | 1.64 | 0.81 | -0.07 | -1.36 | -2.16 | -0.80 | -0.33 | 0.25 | -0.25 | 0.24 | 0.20 | 0.14 | 0.21 | 0.25 | 0.25 | 0.29 | 0.10 | -0.24 | -0.35 |
| Shares Outstanding | 82.9 | 83.8 | 82.3 | 82.2 | 83.6 | 83.6 | 82.9 | 82.7 | 77.7 | 74.0 | 72.0 | 70.1 | 65.7 | 56.3 | 54.0 | 48.9 | 39.9 | 39.9 | 48.9 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||
| Cash & Cash Equivalents | 372.9 | 699.1 | 548.0 | 401.8 | 606.3 | 384.9 | 367.0 | 254.1 | 437.1 | 263.2 | 223.6 | 212.4 | 148.1 | 79.8 | 205.7 | 59.6 | 37.4 | 27.6 |
| Short-Term Investments | 380.2 | 451.5 | 455.6 | 396.9 | 369.9 | 734.5 | 766.5 | 870.1 | 630.0 | 310.0 | 404.7 | 359.3 | 296.2 | 76.9 | 0 | 0 | 0 | 0 |
| Net Receivables | 334.6 | 298.2 | 242.2 | 256.5 | 227.4 | 192.9 | 174.8 | 184.8 | 131.5 | 79.4 | 62.8 | 62.1 | 49.8 | 40.9 | 32.3 | 23.3 | 16.4 | 20.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 99.4 | 27.1 | 24.0 | 22.7 | 24.8 | 22.6 | 18.0 | 14.0 | 9.1 | 0 | 0 | 13.8 | 11.4 | 2.9 | 17.2 | 8.8 | 3.4 | 2.6 |
| Total Current Assets | 1,187.0 | 1,507.4 | 1,295.5 | 1,099.6 | 1,252.7 | 1,355.3 | 1,343.2 | 1,335.0 | 1,222.5 | 679.2 | 707.7 | 661.6 | 516.4 | 210.1 | 262.5 | 94.8 | 57.3 | 51.0 |
| Non-Current Assets | ||||||||||||||||||
| Property, Plant & Equipment | 102.2 | 99.7 | 99.2 | 106.9 | 171.0 | 177.5 | 169.0 | 65.8 | 18.6 | 14.4 | 13.0 | 12.2 | 12.6 | 12.9 | 11.9 | 4.5 | 2.8 | 1.9 |
| Goodwill | 423.3 | 394.0 | 372.2 | 372.2 | 372.2 | 340.9 | 340.9 | 340.9 | 340.9 | 141.9 | 30.1 | 9.2 | 9.2 | 9.0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 16.4 | 12.0 | 9.0 | 14.5 | 21.4 | 19.7 | 39.7 | 66.5 | 95.7 | 71.3 | 14.2 | 4.0 | 5.4 | 6.9 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 462.2 | 334.4 | 148.3 | 156.6 | 205.5 | 230.7 | 301.9 | 224.2 | 201.6 | 114.6 | 107.6 | 106.1 | 203.4 | 51.0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 99.3 | 76.3 | 49.0 | 51.3 | 52.6 | 59.3 | 68.5 | 44.3 | 11.9 | 20.1 | 12.3 | 0.9 | 1.4 | 1.2 | 0.5 | 5.2 | 0.0 | 1.8 |
| Total Non-Current Assets | 1,390.0 | 1,213.7 | 930.8 | 928.3 | 1,014.2 | 966.6 | 1,021.6 | 832.0 | 756.1 | 399.7 | 208.5 | 138.3 | 240.8 | 102.2 | 21.8 | 31.7 | 2.8 | 3.7 |
| Total Assets | 2,576.9 | 2,721.1 | 2,226.3 | 2,027.9 | 2,266.9 | 2,321.8 | 2,364.9 | 2,167.0 | 1,978.6 | 1,078.9 | 916.2 | 799.9 | 757.2 | 312.3 | 284.2 | 126.5 | 60.1 | 54.7 |
| Current Liabilities | ||||||||||||||||||
| Account Payables | 38.1 | 28.8 | 15.2 | 34.6 | 40.4 | 27.8 | 22.6 | 34.3 | 30.6 | 13.4 | 9.9 | 8.8 | 7.0 | 6.5 | 9.8 | 4.3 | 3.7 | 3.3 |
| Short-Term Debt | 0 | 10.4 | 398.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 437.2 | 340.3 | 281.9 | 206.9 | 170.8 | 138.7 | 118.3 | 108.3 | 114.1 | 91.2 | 60.3 | 50.8 | 48.9 | 37.4 | 52.9 | 48.5 | 39.0 | 45.0 |
| Other Current Liabilities | 189.2 | 16.7 | 118.0 | 112.8 | 96.9 | 107.8 | 62.8 | 79.7 | 80.4 | 59.0 | 48.9 | 44.8 | 39.4 | 30.9 | 30.5 | 28.3 | 17.4 | 16.3 |
| Total Current Liabilities | 664.5 | 544.8 | 837.6 | 373.3 | 337.5 | 300.3 | 225.2 | 232.3 | 225.2 | 163.6 | 119.1 | 104.4 | 95.4 | 74.8 | 93.2 | 82.3 | 62.6 | 64.5 |
| Non-Current Liabilities | ||||||||||||||||||
| Long-Term Debt | 678.1 | 674.6 | 0 | 397.2 | 358.2 | 343.8 | 330.2 | 317.3 | 305.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 13.8 | 9.3 | 7.6 | 9.0 | 6.9 | 10.2 | 18.6 | 19.6 | 0.8 | 2.1 | 3.4 | 4.3 | 4.8 | 5.2 | 4.5 | 0.8 | 1.4 | 1.2 |
| Total Non-Current Liabilities | 718.8 | 719.1 | 45.9 | 455.2 | 477.7 | 476.6 | 482.9 | 360.5 | 329.7 | 22.0 | 13.2 | 6.2 | 11.2 | 9.1 | 7.1 | 26.1 | 22.6 | 34.9 |
| Total Liabilities | 1,383.3 | 1,263.9 | 883.6 | 828.4 | 815.2 | 777.0 | 708.1 | 592.8 | 554.8 | 185.6 | 132.2 | 110.6 | 106.5 | 83.8 | 100.3 | 108.4 | 85.2 | 99.4 |
| Stockholders' Equity | ||||||||||||||||||
| Common Stock | 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 |
| Retained Earnings | (1,024.4) | (554.2) | (624.1) | (618.0) | (284.0) | (66.1) | 163.0 | 190.0 | 133.5 | 69.1 | 47.8 | 32.9 | 23.0 | (7.8) | (23.2) | (38.4) | (73.9) | (89.4) |
| Accumulated Other Comprehensive Income | (12.2) | (8.9) | (12.2) | (13.9) | (19.8) | (6.2) | (5.2) | (7.8) | (7.7) | (5.8) | (6.6) | (6.3) | (1.4) | (1.6) | (0.5) | (0.2) | (0.3) | (0.2) |
| Total Stockholders' Equity | 1,193.7 | 1,457.2 | 1,342.7 | 1,199.5 | 1,451.7 | 1,544.9 | 1,656.8 | 1,574.2 | 1,423.7 | 893.3 | 783.9 | 689.4 | 650.7 | 228.4 | 184.0 | 18.2 | (25.1) | (44.6) |
| Total Liabilities & Equity | 2,576.9 | 2,721.1 | 2,226.3 | 2,027.9 | 2,266.9 | 2,321.8 | 2,364.9 | 2,167.0 | 1,978.6 | 1,078.9 | 916.2 | 799.9 | 757.2 | 312.3 | 284.2 | 126.5 | 60.1 | 54.7 |
| Debt Metrics | ||||||||||||||||||
| Total Debt | 703.3 | 715.7 | 442.9 | 448.6 | 475.6 | 470.8 | 460.6 | 317.3 | 305.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 330.4 | 16.6 | (105.1) | 46.8 | (130.7) | 85.9 | 93.6 | 63.2 | (132.0) | (263.2) | (223.6) | (212.4) | (148.1) | (79.8) | (205.7) | (59.6) | (37.4) | (27.6) |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||
| Net Income | 139.3 | 69.8 | (6.1) | (111.9) | (180.4) | (66.5) | (27.2) | 20.7 | (19.7) | 21.2 | 15.0 | 9.9 | 14.7 | 15.4 | 15.2 | 35.6 | 15.5 | (11.0) | (16.9) |
| Depreciation & Amortization | 28.0 | 23.8 | 22.3 | 24.8 | 33.5 | 37.0 | 42.6 | 40.0 | 35.6 | 18.7 | 8.8 | 7.5 | 6.8 | 4.8 | 2.9 | 2.2 | 1.4 | 1.3 | 1.2 |
| Stock-Based Compensation | 181.8 | 161.6 | 146.5 | 142.8 | 137.0 | 115.0 | 101.8 | 91.5 | 89.6 | 71.8 | 66.1 | 51.4 | 42.5 | 38.4 | 18.3 | 6.7 | 3.4 | 2.8 | 0 |
| Change in Working Capital | 1.9 | 11.3 | 52.7 | (14.1) | (9.4) | 29.2 | (25.0) | (32.9) | 23.7 | 37.4 | 19.1 | (6.7) | 17.7 | (20.1) | (24.2) | 11.3 | (10.3) | 18.9 | 6.9 |
| Other Non-Cash Items | 29.8 | 66.2 | 7.3 | 24.1 | 35.5 | 32.7 | 32.7 | 10.8 | 4.2 | (6.0) | (4.6) | 1.3 | (3.5) | (2.0) | (0.5) | 0 | (0.4) | (11.7) | 5.3 |
| Operating Cash Flow | 389.7 | 300.9 | 195.7 | 38.4 | (37.9) | 111.6 | 113.1 | 116.1 | 140.5 | 137.2 | 99.9 | 63.7 | 75.5 | 32.5 | 17.1 | 27.7 | 9.5 | 11.4 | (3.5) |
| Investing Activities | |||||||||||||||||||
| Capital Expenditure | (12.1) | (5.7) | (18.5) | (17.4) | (21.8) | (28.9) | (25.7) | (48.9) | (12.0) | (6.7) | (7.1) | (6.3) | (5.0) | (9.2) | (5.6) | (2.8) | (2.2) | (1.2) | (1.7) |
| Acquisitions | (38.0) | (26.9) | 0 | 10.8 | (43.8) | 9.8 | 4.3 | 3.9 | (130.1) | (187.6) | (39.5) | 0 | (0.2) | (14.7) | 0 | 0 | 0 | 0 | 0.3 |
| Purchases of Investments | (859.1) | (858.6) | (615.9) | (517.0) | (531.1) | (1,035.5) | (1,282.9) | (1,209.3) | (859.7) | (466.7) | (652.0) | (491.6) | (687.4) | (212.0) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 806.2 | 667.0 | 583.4 | 547.1 | 908.9 | 1,128.5 | 1,302.8 | 956.7 | 464.1 | 547.6 | 597.4 | 521.0 | 312.1 | 83.6 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (33.0) | (12.8) | (13.5) | (10.8) | (12.3) | (9.8) | (4.3) | (3.9) | (398.1) | 80.1 | (54.6) | 29.4 | (375.3) | 3.5 | 2.3 | (5.5) | 1.2 | 0.1 | (0.5) |
| Investing Cash Flow | (136.0) | (237.0) | (52.4) | 12.7 | 312.2 | 64.2 | (5.8) | (301.4) | (537.6) | (113.3) | (101.3) | 23.1 | (380.4) | (148.9) | (3.3) | (8.3) | (1.0) | (1.0) | (1.9) |
| Financing Activities | |||||||||||||||||||
| Net Debt Issuance | (4.2) | 134.3 | 0 | 0 | 0 | 0 | 0 | 0 | 387.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (606.3) | 0 | 0 | (261.8) | (37.5) | (161.3) | 0 | 0 | 0 | 0 | (1.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (6.1) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 4.2 | (55.9) | 0 | 0 | 0 | 0 | 0 | 0 | (37.2) | 7.5 | 5.6 | (23.6) | (25.7) | (17.7) | (11.9) | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (579.0) | 82.3 | 1.1 | (261.6) | (37.3) | (159.4) | 5.0 | 4.0 | 573 | 14.6 | 13.5 | (17.4) | 372.6 | (8.6) | 133.0 | 0.9 | 0.8 | 0.1 | 18.7 |
| Cash Position | |||||||||||||||||||
| Net Change in Cash | (326.2) | 149.9 | 142.4 | (207.9) | 229.8 | 17.9 | 112.9 | (183.0) | 174.0 | 39.6 | 11.2 | 64.3 | 68.3 | (126.0) | 146.1 | 22.2 | 9.8 | 9.9 | 0 |
| Cash at Beginning | 699.1 | 549.2 | 406.8 | 614.7 | 384.9 | 367.0 | 254.1 | 437.1 | 263.2 | 223.6 | 212.4 | 148.1 | 79.8 | 205.7 | 59.6 | 37.4 | 27.6 | 17.7 | 0 |
| Cash at End | 372.9 | 697.9 | 549.2 | 406.8 | 614.7 | 384.9 | 367.0 | 254.1 | 437.1 | 263.2 | 223.6 | 212.4 | 148.1 | 79.8 | 205.7 | 59.6 | 37.4 | 27.6 | 0 |
| Free Cash Flow | 377.7 | 295.1 | 177.2 | 21.0 | (59.7) | 82.7 | 87.4 | 67.3 | 128.4 | 130.5 | 92.8 | 57.4 | 70.5 | 23.3 | 11.5 | 24.9 | 7.3 | 10.2 | (5.1) |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 1,475.4 | 1,202.5 | 980.5 | 905.3 | 812.6 | 743.3 | 742.3 | 719.5 | 661.1 | 514.3 | 424.4 | 380.5 | 350.2 | 300.6 | 232.1 | 172.5 | 144.7 | 84.7 | 70.7 |
| Gross Profit | 947.4 | 752.1 | 583.4 | 458.2 | 377.2 | 389.6 | 404.3 | 395.2 | 356.1 | 318.0 | 272.6 | 233.4 | 201.3 | 175.0 | 142.1 | 104.1 | 89.2 | 43.1 | 28.2 |
| Operating Income | 150.3 | 41.1 | (52.6) | (149.5) | (199.4) | (105.6) | (23.9) | 1.5 | (7.3) | 26.6 | 16.4 | 16.5 | 18.4 | 16.8 | 23.6 | 6.9 | 18.0 | (10.5) | (17.2) |
| Net Income | 139.3 | 69.8 | (6.1) | (111.9) | (180.4) | (66.5) | (27.2) | 20.7 | (19.7) | 21.2 | 15.0 | 9.9 | 14.7 | 15.4 | 15.2 | 35.6 | 15.5 | (11.0) | (16.9) |
| EPS (Diluted) | 1.64 | 0.81 | -0.07 | -1.36 | -2.16 | -0.80 | -0.33 | 0.25 | -0.25 | 0.24 | 0.20 | 0.14 | 0.21 | 0.25 | 0.25 | 0.29 | 0.10 | -0.24 | -0.35 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 372.9 | 699.1 | 548.0 | 401.8 | 606.3 | 384.9 | 367.0 | 254.1 | 437.1 | 263.2 | 223.6 | 212.4 | 148.1 | 79.8 | 205.7 | 59.6 | 37.4 | 27.6 | |
| Total Assets | 2,576.9 | 2,721.1 | 2,226.3 | 2,027.9 | 2,266.9 | 2,321.8 | 2,364.9 | 2,167.0 | 1,978.6 | 1,078.9 | 916.2 | 799.9 | 757.2 | 312.3 | 284.2 | 126.5 | 60.1 | 54.7 | |
| Total Debt | 703.3 | 715.7 | 442.9 | 448.6 | 475.6 | 470.8 | 460.6 | 317.3 | 305.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Stockholders' Equity | 1,193.7 | 1,457.2 | 1,342.7 | 1,199.5 | 1,451.7 | 1,544.9 | 1,656.8 | 1,574.2 | 1,423.7 | 893.3 | 783.9 | 689.4 | 650.7 | 228.4 | 184.0 | 18.2 | (25.1) | (44.6) | |
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | 389.7 | 300.9 | 195.7 | 38.4 | (37.9) | 111.6 | 113.1 | 116.1 | 140.5 | 137.2 | 99.9 | 63.7 | 75.5 | 32.5 | 17.1 | 27.7 | 9.5 | 11.4 | (3.5) |
| Capital Expenditure | (12.1) | (5.7) | (18.5) | (17.4) | (21.8) | (28.9) | (25.7) | (48.9) | (12.0) | (6.7) | (7.1) | (6.3) | (5.0) | (9.2) | (5.6) | (2.8) | (2.2) | (1.2) | (1.7) |
| Free Cash Flow | 377.7 | 295.1 | 177.2 | 21.0 | (59.7) | 82.7 | 87.4 | 67.3 | 128.4 | 130.5 | 92.8 | 57.4 | 70.5 | 23.3 | 11.5 | 24.9 | 7.3 | 10.2 | (5.1) |