McGraw Hill, Inc. logo MH - McGraw Hill, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $16.14 DETAILS
HIGH: $17.00
LOW: $14.00
MEDIAN: $16.00
CONSENSUS: $16.14
UPSIDE: 17.90%
Metric 2027 Q1 2026 Q4 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 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
Revenue
Revenue 549.9 463.7 434.2 669.2 535.7 473.3 416.5 688.6 523.0 419.3 399.0 641.1 501.1 400.8 407.1 628.8 511.1 363.9 403.3 585.4 437.6 321.9 362.5 523.2 337.1 292.3 364.8 542.6 385.0 279.0 382.2 552.1 384.2 278.4 397.6 635.3 405.4 280.7 400.0 642.1 437.2 260.8 418.7 739.8 423.2
Cost of Revenue 110.7 74.8 63.8 139.1 123.4 153.0 65.3 153.4 125.3 80.2 141.2 221.6 205.9 84.2 76.8 166.5 122.0 74.3 81.6 118.9 94.2 67.5 69.0 121.8 78.1 59.1 77.3 132.0 98.2 63.9 90.3 140.0 102.7 61.5 108.3 146.3 105.6 66.5 88.2 156.8 122.1 64.0 91.5 184.5 124.4
Gross Profit 439.2 388.9 370.3 530.1 412.3 320.3 351.2 535.2 397.7 339.1 257.8 419.5 295.2 316.6 330.3 462.2 389.1 289.5 321.7 466.5 343.4 254.4 293.5 401.5 259.0 233.2 287.6 410.6 286.8 215.0 292.0 412.1 281.5 216.9 289.3 489.1 299.8 214.2 311.8 485.2 315.0 196.8 327.2 555.3 298.8
Operating Expenses
R&D Expenses 59.8 73.6 67.5 69.7 65.5 0 70.1 63.5 63.5 0 0 0 0 32.5 0 0 0 18.5 0 0 0 35.4 0 0 0 37.8 0 0 0 0 5.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 181.6 197.1 176.7 211.1 162.8 292.5 167.2 195.5 169.6 257.9 244.1 275.7 249.8 282.6 228.4 284.3 239.3 366.9 212.9 236.2 188.6 225.0 191.2 218.7 173.6 236.7 213.4 268.0 236.0 252.0 248.1 274.4 246.0 259.9 252.1 278.3 263.0 258.1 268.9 264.6 264.3 260.0 299.7 306.5 258.4
Other Expenses 83.5 85.6 95.7 92.8 87.9 0 89.8 97.2 88.9 121.8 0 0 0 49.2 389.7 84.8 95.7 365.8 121.0 232.9 29.3 0.9 37.0 33.8 43.3 13.2 74.5 39.8 43.5 31.3 32.2 33.1 36.9 35.6 38.6 36.3 36.9 35.8 38.2 34.1 34.3 38.4 41.1 33.7 35.8
Operating Expenses 324.9 356.2 339.9 373.6 316.1 292.5 327.1 356.1 321.9 379.7 244.1 275.7 249.8 364.3 618.1 369.1 335.0 751.2 333.9 469.1 217.9 261.3 228.2 252.5 216.9 287.7 287.9 307.8 279.5 283.3 285.8 307.5 282.9 295.5 290.7 314.6 299.9 293.9 307.1 298.7 298.6 298.4 340.8 340.2 294.2
Operating Income
Operating Income 114.3 32.6 30.4 156.5 96.2 27.8 24.2 179.1 75.8 (40.6) 13.7 143.8 45.4 (47.7) (287.7) 93.1 54.1 (546.6) (97.2) (2.6) 125.5 (6.9) 65.3 149.0 42.1 (54.5) (0.4) 102.8 7.3 (68.3) 6.1 104.6 (1.5) (78.6) (1.4) 174.5 (0.1) (79.6) 4.7 186.6 16.4 (101.5) (13.6) 215.1 4.6
Interest Expense 45.8 0 47.4 55.9 58.8 63.5 68.9 80.1 0 79.7 83.3 83.8 79.6 72.0 75.1 67.3 63.8 61.7 60.2 0 0 63.4 43.9 41.6 44.4 53.0 42.8 45.9 46.4 45.3 44.9 45.8 47.9 42.0 46.5 45.6 44.1 43.2 44.8 43.4 63.8 47.5 48.5 47.6 0
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
Profitability
EBITDA 114.3 118.2 139.9 201.0 222.0 102.3 92.8 276.3 164.7 92.1 83.1 219.9 121.5 17.8 101.9 177.9 149.8 (95.9) 108.7 230.3 154.8 20.3 102.3 182.8 85.4 (16.1) 42.1 142.6 50.8 (37.0) 20.8 137.7 35.5 (43.0) 13.4 210.8 36.8 (43.8) 27.8 220.6 50.7 (63.1) 27.4 248.8 40.4
EBIT 114.3 32.6 34.8 140.2 99.4 27.8 28.5 179.1 75.8 1.9 6.7 143.8 45.4 (45.8) 24.3 99.2 71.3 (153.2) 31.6 172.9 125.6 (0.9) 72.2 153.5 55.0 (40.1) 41.2 109.6 19.7 (68.1) 12.3 105.2 3.7 (75.2) 3.5 178.0 3.6 (77.5) 12.0 189.7 19.7 (98.2) (6.8) 219.3 10.6
Income Before Tax 68.5 (52.7) (25.1) 84.2 37.5 (35.8) (44.7) 96.2 (5.1) (120.3) (76.6) 63.4 (34.1) (116.9) (362.9) 35.6 (9.7) (606.3) (155.5) (131.3) 87.3 (67.5) 21.4 107.4 (2.3) (106.3) (35.2) 56.9 (39.2) (113.6) (38.8) 58.9 (49.4) (120.5) (48.0) 128.9 (31.3) (122.9) (40.1) 143.1 (73.9) (149.1) (62.2) 167.5 (39.1)
Income Tax Expense 10.7 (2.5) (5.0) (21.1) 36.9 121.1 8.2 (37.2) 4.4 25.5 (0.7) 2.8 (2.4) (111.8) (70.9) 11.0 (0.4) 14.1 (67.5) 1.7 3.2 5.9 3.5 3.9 0.9 0.8 5.0 3.4 2.4 1.4 6.2 3.2 0.6 0.5 17.3 3.6 5.8 0.6 6.4 4.3 2.8 1.6 10.0 4.1 0.2
Net Income 57.9 (50.3) (20.2) 105.3 0.5 (156.9) (52.9) 133.4 (9.4) (145.9) (75.9) 60.5 (31.8) (107.2) (312.2) 24.6 (9.3) (509.2) (61.3) (133.0) 84.1 (73.4) 17.9 103.5 (3.3) (107.0) (40.2) 53.4 (41.5) (114.9) (44.9) 55.6 (50.0) (121.1) (30.4) 125.5 (37.0) (124.0) (46.7) 138.6 (77.4) (151.5) (79.1) 156.2 (93.9)
Per Share Data
EPS (Basic) 0.30 -0.27 -0.11 0.55 – -0.82 -0.28 0.70 -0.05 -0.76 -0.40 0.32 -0.17 -0.64 -1.88 0.15 -0.06 -3.07 -0.37 -3.87 – -6.33 1.65 9.52 -0.30 -9.85 -3.72 4.95 -3.86 -10.69 -3.94 4.81 -4.39 -10.73 -2.72 10.96 -3.29 -10.97 -4.14 12.33 -6.83 -13.46 -6.55 15.52 -3.73
EPS (Diluted) 0.30 -0.27 -0.11 0.55 – -0.82 -0.28 0.70 -0.05 -0.76 -0.40 0.32 -0.17 -0.64 -1.87 0.15 -0.06 -3.07 -0.37 -3.93 – -6.33 1.65 9.52 -0.30 -9.85 -3.72 4.95 -3.86 -10.69 -3.94 4.81 -4.39 -10.73 -2.73 10.96 -3.29 -10.97 -4.14 11.82 -6.83 -13.46 -6.55 15.09 -3.73
Shares Outstanding 191.2 183.5 183.6 191.0 166.6 191.0 191.0 191.0 191.0 191.0 191.0 191.0 191.0 166.6 166.4 166.6 164.5 165.6 165.3 33.8 113.4 11.6 10.9 10.9 10.9 10.9 10.8 10.8 10.8 10.7 11.4 11.6 11.4 11.3 11.1 11.4 11.2 11.3 11.2 11.7 11.2 11.2 11.0 10.3 25.2
Metric 2027 Q1 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q1 2024 Q4 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 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
Current Assets
Cash & Cash Equivalents 193.6 253.5 514.4 463.2 247.3 389.8 549.0 203.6 203.6 106.9 181.5 354.5 207.1 166.1 296.4 354.3 354.3 487.9 360.4 176.7 177.0 391.9 323.8 107.1 159.3 314.9 134.5 86.2 203.3 407.6 305.3 133.4 187.6 418.8 265.8 96.3 346.9 553.2 411.6 79.4
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
Net Receivables 377.9 362.5 242.3 666.8 444.7 338.4 330.9 0 340.4 406.5 307.6 352.5 707.2 472.4 252.2 0 231.1 285.1 501.2 306.5 242.3 323.7 517.9 382.7 255.5 346.4 564.0 348.4 250.1 274.8 484.7 351.4 151.0 265.8 453.7 332.1 134.4 269.1 469.1 340.2
Inventory 183.2 195.0 169.7 133.0 160.7 174.0 151.3 0 213.9 233.1 248.3 208.9 169.6 206.1 226.2 0 153.6 155.4 159.9 188.2 177.0 164.6 177.9 201.6 205.8 185.5 178.8 203.5 191.0 169.1 176.0 208.9 206.4 174.7 186.2 222.3 193.4 169.4 185.0 197.9
Other Current Assets 41.4 137.6 121.2 143.0 129.4 141.3 189.7 (203.6) 135.3 130.9 138.1 14.0 15.6 0 124.3 (354.3) 8.3 8.5 8.6 8.1 17.8 18.0 28.0 7.7 27.0 27.1 46.6 6.7 6.3 0 0 0 0 0 0 0 0 0 7.9 8.4
Total Current Assets 810.3 973.6 1,068.9 1,424.4 991.8 1,052.6 1,228.1 0 903.9 888.9 903.4 1,051.0 1,232.9 971.5 910.6 0 843.9 1,043.5 1,128.0 754.4 699.3 974.6 1,135.7 769.7 727.7 958.0 1,023.8 735.8 749.8 946.8 1,074.6 787.6 643.1 960.9 965.4 713.0 746.6 1,075.1 1,133.5 683.5
Non-Current Assets
Property, Plant & Equipment 135.7 135.3 138.3 145.5 146.4 144.9 146.4 0 162.0 172.6 177.1 194.3 197.6 201.0 210.0 0 195.5 190.3 201.2 203.2 203.4 211.6 212.5 203.4 200.7 102.5 100.7 102.8 93.1 95.5 96.9 99.9 97.8 96.7 96.0 98.7 95.0 95.3 103.7 100.6
Goodwill 2,522.6 2,522.6 2,557.6 2,557.6 2,557.6 2,557.6 2,557.6 0 2,557.6 2,598.1 2,598.1 2,598.1 2,852.7 2,852.7 2,852.7 0 500.7 497.0 494.9 493.1 491.2 492.7 492.4 493.5 494.0 494.1 496.8 496.1 498.6 497.3 497.4 494.5 493.4 492.1 506.2 491.4 491.2 489.0 498.6 499.3
Intangible Assets 1,480.6 1,513.2 1,540.7 1,581.1 1,629.7 1,676.4 1,716.6 0 1,881.9 1,890.2 1,955.1 2,021.2 2,116.3 2,183.2 2,253.4 0 441.7 453.6 466.8 480.7 495.8 514.5 530.5 547.0 563.9 581.2 676.9 687.9 707.9 661.7 739.3 756.0 773.0 792.6 802.4 823.0 840.5 860.2 839 862.1
Long-Term Investments 0 0 0 0 0 0 0 0 0 5.3 2.8 0 0 0 0 0 6.4 6.3 5.9 5.7 5.4 6.2 6.0 12.5 7.8 11.8 6.3 6.3 6.7 6.4 6.4 6.0 5.9 5.4 5.6 6.3 6.2 6.4 6.6 0.6
Other Non-Current Assets 420.9 332.2 331.5 329.7 328.7 318.3 311.5 0 296.3 451.7 435.1 431.2 416.7 391.1 365.2 0 337.9 340.1 342.8 347.9 338.0 354.0 350.6 362.3 371.5 366.9 291.7 299.3 289.2 309.5 246.2 251.5 240.0 230.4 179.6 188.4 186.6 197.8 267.8 285.2
Total Non-Current Assets 4,568.3 4,511.9 4,575.1 4,621.0 4,669.6 4,705.1 4,739.6 0 4,904.2 5,117.9 5,168.2 5,244.8 5,583.3 5,627.9 5,681.3 0 1,482.2 1,487.3 1,511.6 1,530.7 1,533.7 1,579.0 1,591.9 1,618.6 1,637.9 1,556.4 1,572.4 1,592.4 1,595.6 1,570.5 1,586.3 1,608.0 1,610.1 1,617.2 1,589.9 1,607.9 1,619.5 1,648.6 1,715.6 1,747.8
Total Assets 5,378.7 5,485.5 5,644.0 6,045.4 5,661.5 5,757.8 5,967.7 0 5,808.2 6,006.8 6,071.7 6,295.8 6,816.2 6,599.4 6,591.8 0 2,326.2 2,530.8 2,639.7 2,285.2 2,233.0 2,553.6 2,727.6 2,388.4 2,365.6 2,514.4 2,596.2 2,328.2 2,345.4 2,517.3 2,660.9 2,395.6 2,253.2 2,578.1 2,555.4 2,320.9 2,366.1 2,723.7 2,849.1 2,431.3
Current Liabilities
Account Payables 118.7 126.7 113.1 125.7 117.1 146.7 96.5 0 110.0 126.7 148.8 107.8 125.9 113.9 156.2 0 127.6 95.1 94.5 107.2 114.0 108.9 109.7 115.9 113.3 132.6 118.6 126.3 111.5 113.9 111.7 120.4 131.2 129.5 124.6 151.2 139.9 173.0 180.6 191.0
Short-Term Debt 27.1 13.2 13.2 13.2 13.2 13.2 13.2 0 21.2 51.2 21.2 21.2 21.2 21.2 21.2 0 14.0 17.3 42.3 67.3 17.3 61.7 62.3 62.3 47.6 31.3 17.3 87.3 17.3 17.3 15.8 75.8 15.8 15.8 15.8 75.8 81.6 81.6 9.3 9.3
Deferred Revenue 732.9 835.4 813.2 966.9 737.6 794.0 828.1 0 736.4 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 0
Other Current Liabilities 217.9 168.0 155.9 150.1 116.3 212.1 177.2 0 156.5 722.7 765.0 786.1 938.2 845.2 810.9 0 689.3 709.2 827.0 592.4 640.8 674.8 737.3 531.6 582.7 616.8 706.4 511.9 550.7 492.4 553.0 443.2 431.6 458.8 464.5 387.8 436.5 444.0 485.0 320.6
Total Current Liabilities 1,145.2 1,266.5 1,282.1 1,409.7 1,199.0 1,330.4 1,299.5 0 1,143.1 1,089.7 1,149.3 1,171.0 1,301.9 1,176.8 1,214.1 0 970.2 1,000.7 1,127.9 892.3 864.0 1,040.7 1,089.2 856.1 839.8 932.1 973.8 825.9 753.2 815.3 837.7 765.5 648.1 782.5 718.4 713.3 702.8 898.5 809.4 615.2
Non-Current Liabilities
Long-Term Debt 2,561.3 2,560.7 2,605.6 2,797.0 3,165.3 3,164.6 3,210.9 0 3,414.2 3,463.3 3,463.9 3,512.3 3,512.9 3,561.2 3,561.9 0 2,092.8 2,165.6 2,154.8 2,157.5 2,157.0 2,146.9 2,197.7 2,189.1 2,188.7 2,188.4 2,153.4 2,153.3 2,222.4 2,222.6 2,282.3 2,282.0 2,283.5 2,329.5 2,329.4 2,329.4 2,055.6 2,053.2 2,183.2 2,184.3
Deferred Tax Liabilities 15.4 15.2 16.4 15.8 15.0 15.7 15.4 0 15.4 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 0
Other Non-Current Liabilities 13.7 23.5 20.4 19.4 21.9 20.0 15.8 (368.8) 15.6 840.0 810.6 853.5 928.2 821.5 761.4 1,505.5 652.7 684.4 708.0 699.6 674.7 715.3 756.8 710.8 652.0 700.2 726.1 667.3 649.8 678.0 708.2 654.6 592.1 616.2 534.2 444.0 406.1 461.1 437.7 366.4
Total Non-Current Liabilities 3,445.1 3,492.8 3,586.6 3,841.1 4,179.2 4,147.1 4,231.7 (368.8) 4,296.3 4,390.4 4,364.2 4,459.9 4,537.3 4,483.7 4,428.7 1,505.5 2,861.4 2,959.1 2,966.8 2,957.8 2,937.3 2,965.1 3,058.4 3,002.7 2,949.5 2,888.6 2,879.5 2,820.6 2,872.2 2,900.5 2,990.5 2,936.7 2,875.6 2,945.7 2,863.6 2,773.4 2,461.8 2,514.3 2,620.9 2,550.7
Total Liabilities 4,590.3 4,759.3 4,868.7 5,250.8 5,378.2 5,477.5 5,531.2 (368.8) 5,439.4 5,480.1 5,513.5 5,631.0 5,839.3 5,660.5 5,642.9 1,505.5 3,831.6 3,959.8 4,094.7 3,850.1 3,801.3 4,005.8 4,147.6 3,858.8 3,789.3 3,820.7 3,853.3 3,646.5 3,625.4 3,715.8 3,828.3 3,702.1 3,523.7 3,728.2 3,582.1 3,486.7 3,164.5 3,412.8 3,430.3 3,166.0
Stockholders' Equity
Common Stock 1.9 1.9 1.9 1.9 1.7 1.6 1.6 0 1.6 1.6 1.6 1.6 1.6 1.6 1.6 0 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 0.1 0.1 0.1 0.1 0.1 0.2
Retained Earnings (1,188.0) (1,245.9) (1,195.6) (1,175.4) (1,280.7) (1,281.2) (1,124.3) 0 (1,195.4) (1,034.1) (1,002.3) (895.1) (582.9) (607.5) (598.2) 0 (1,489.3) (1,416.0) (1,433.9) (1,537.3) (1,534.1) (1,427.0) (1,386.8) (1,440.3) (1,398.8) (1,283.8) (1,238.9) (1,294.5) (1,244.5) (1,151.7) (1,121.2) (1,246.8) (1,209.7) (1,085.7) (977.6) (1,118.0) (815.3) (703.2) (600.5) (756.6)
Accumulated Other Comprehensive Income (3.9) (2.5) (0.2) (0.5) 0.1 (2.4) (3.1) 368.8 0.2 (3.1) (3.4) (3.9) (3.3) (4.1) (3.4) (1,505.5) (48.5) (46.4) (53.3) (58.3) (64.2) (58.0) (61.0) (56.6) (47.2) (43.9) (33.1) (35.1) (30.6) (41.0) (43.6) (53.9) (55.1) (57.7) (50.8) (46.4) (47.1) (51.6) (46.2) (40.0)
Total Stockholders' Equity 788.4 726.2 775.3 794.6 283.3 280.2 436.5 368.8 368.8 526.7 558.1 664.8 977.0 939.0 949.0 (1,505.5) (1,505.5) (1,429.0) (1,455.0) (1,564.9) (1,568.4) (1,452.2) (1,420.0) (1,470.4) (1,423.7) (1,306.3) (1,257.1) (1,318.3) (1,280) (1,198.5) (1,167.4) (1,306.5) (1,270.6) (1,150.1) (1,026.7) (1,165.8) (798.4) (689.1) (581.2) (734.6)
Total Liabilities & Equity 5,378.7 5,485.5 5,644.0 6,045.4 5,661.5 5,757.8 5,967.7 0 5,808.2 6,006.8 6,071.7 6,295.8 6,816.2 6,599.4 6,591.8 0 2,326.2 2,530.8 2,639.7 2,285.2 2,233.0 2,553.6 2,727.6 2,388.4 2,365.6 2,514.4 2,596.2 2,328.2 2,345.4 2,517.3 2,660.9 2,395.6 2,253.2 2,578.1 2,555.4 2,320.9 2,366.1 2,723.7 2,849.1 2,431.3
Debt Metrics
Total Debt 2,653.8 2,645.7 2,693.3 2,885.0 3,256.0 3,255.1 3,307.6 0 3,529.6 3,622.4 3,597.8 3,649.6 3,649.8 3,703.6 3,709.6 0 2,242.1 2,312.9 2,324.8 2,352.5 2,305.5 2,337.6 2,392.6 2,384.6 2,368.3 2,219.7 2,170.7 2,240.6 2,239.7 2,239.8 2,298.1 2,357.8 2,299.2 2,345.3 2,345.2 2,405.1 2,137.3 2,134.8 2,192.5 2,193.6
Net Debt 2,460.2 2,392.2 2,178.9 2,421.8 3,008.7 2,865.3 2,758.6 (203.6) 3,326.0 3,515.5 3,416.3 3,295.0 3,442.7 3,537.5 3,413.2 (354.3) 1,887.8 1,825.0 1,964.4 2,175.8 2,128.6 1,945.7 2,068.8 2,277.5 2,209.0 1,904.8 2,036.2 2,154.3 2,036.4 1,832.2 1,992.8 2,224.4 2,111.6 1,926.5 2,079.4 2,308.8 1,790.4 1,581.6 1,780.9 2,114.2
Metric 2027 Q1 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 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
Operating Activities
Net Income 57.9 (50.3) (20.2) 105.3 0.5 (156.9) (52.9) 133.4 (9.4) (145.9) (31.8) (107.2) (312.2) 24.6 (9.3) (509.2) (61.3) (133.0) 84.1 (73.4) 17.9 103.5 (3.3) (107.0) (40.2) 53.4 (41.5) (114.9) (44.9) 55.6 (50.0) (121.1) (30.4) 125.5 (37.0) (124.0) (46.7) 138.6 (77.4) (151.5) (79.1) 156.2 (93.9)
Depreciation & Amortization 69.8 85.6 27.1 92.8 87.9 87.1 89.8 70.7 88.9 90.2 103.7 101.6 99.3 119.3 99.9 124.2 98.2 95.4 49.9 60.6 53.9 69.6 51.8 62.2 58.2 79.6 61.5 51.5 64.7 69.4 60.3 50.4 59.6 78.0 62.3 55.0 48.7 64.6 73.5 53.6 60.8 74.2 51.0
Stock-Based Compensation 3.9 2.0 31.7 0 0 0 0 0 0 0 0 0 0 0 0 (81.8) 33.8 79.6 85.0 3.3 1.4 1.5 1.1 2.0 4.2 2.6 4.2 2.5 6.5 4.4 5.3 4.0 0.9 4.9 4.8 3.6 2.2 1.3 3.4 3.8 1.6 4.6 2.8
Change in Working Capital (197.7) (244.7) 208.3 (21.4) (233.8) (6.2) 216.1 (261.1) (135.0) (111.4) (92.7) (56.6) 325.0 (329.0) (197.9) (101.8) 307.8 (334.8) (85.9) 17.0 189.4 (194.6) (92.3) 34.6 203.1 (119.4) (158.2) 56.1 153.7 (183.7) (118.6) 77.5 221.0 (155.6) (220.5) 76.7 187.6 (138.4) (273.3) 124.1 164.0 (146.4) (228.0)
Other Non-Cash Items 66.4 63.2 62.1 88.2 47.9 35.1 22.6 472.3 53.1 72.9 (65.4) (11.0) 104.8 389.4 16.0 453.2 (133.5) 384.1 (148.4) (22.4) (73.0) 272.1 11.1 (122.3) (57.3) 268.3 75.5 (127.2) (5.3) 263.2 34.9 (169.8) (42.8) 219.2 114.0 (151.4) 17.7 212.7 161.0 (207.2) 53.0 284.9 168.6
Operating Cash Flow 0.6 (146.1) 309.0 265.0 (96.7) (41.2) 275.0 415.4 (2.9) (101.2) (86.2) (73.3) 216.8 204.3 (91.2) (115.4) 245.0 91.3 (15.2) (14.7) 189.7 252.0 (31.6) (130.5) 168.1 284.5 (58.4) (132.0) 174.5 208.9 (68.1) (158.9) 208.3 272.0 (76.3) (140.1) 209.4 278.7 (112.9) (177.3) 200.2 373.5 (99.5)
Investing Activities
Capital Expenditure (23.9) (23.8) (0.8) (21.2) (16.3) (58.0) (35.6) (13.1) (15.9) (40.7) (17.1) (22.9) (17.2) (16.4) (13.6) (9.1) (6.2) (6.4) (8.9) (6.4) (8.5) (9.9) (7.2) (10.3) (26.4) (24.8) (12.4) (11.7) (13.9) (13.1) (24.6) (11.6) (13.5) (10.0) (11.6) (10.0) (12.0) (7.9) (11.8) (6.5) (9.2) (8.5) (14.2)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 (21.8) 0 0 0 (622.2) (4,637.7) (7.8) (5.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (11.5) 0 0 0.1 (6.9) 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 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 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 Investing Activities (34.4) (42.3) (76.7) (26.3) (22.8) (6) 0 (19.5) (19.0) 0 5.4 (23.5) (16.7) (16.5) (13.9) 15.3 (15.0) (13.6) (11.4) (23.4) (17.8) (19.4) (15.5) (15.8) (22.8) (13.7) (19.3) (20.7) (27.7) (24.8) (22.4) (22.5) (23.9) (24.7) (16.9) (25.1) (34.6) (24.0) (18.1) (13.0) (41.6) (22.6) (19.5)
Investing Cash Flow (58.3) (66.1) (51.2) (47.5) (39.1) (64.0) (35.6) (32.6) (34.9) (40.7) (11.8) (46.3) (55.7) (32.9) (27.5) 6.2 (643.4) (4,657.8) (28.1) (35.0) (26.3) (29.3) (22.7) (26.1) (49.1) (38.6) (31.7) (32.4) (41.6) (37.9) (47.0) (34.2) (37.4) (34.8) (28.5) (35.1) (46.6) (43.4) (29.9) (19.5) (50.8) (38.0) (33.7)
Financing Activities
Net Debt Issuance (3.3) (50.7) (205.5) (391.0) (5.0) (54.8) (105.6) (752.0) (8.2) (8.4) 21.8 0 0 0 (8.6) (15.3) 566.7 2,998.7 16.8 (69.8) (32.6) (31.8) 42.4 (51.8) (60.5) (6.3) 7.9 9.6 42.9 (76.8) (250.6) (6.7) (214.9) (5.9) (7.5) (51.7) (5.4) 0 0 (2.3) (2.1) (1.4) (2.6)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) (2.1) (0.1) (1.8) (1.5) (3.0) (2.3) (2.9) (0.3) (0.6) (0.4) (1.6) (3.7) 0 (0.9) 0 (1.7) 0 0
Dividends Paid 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 (300) (0.6) (1.0) 0 (99.1)
Other Financing Activities (1.7) 0 0 390.1 (2.4) 0 0 626.0 0 0 0 (53.2) (8.1) (134.7) 0 0 105.4 1,384.8 0 (16.7) (2.1) (1.0) 0 0 (0.9) 0 0 0 (0.9) (2.7) 254.3 (2.1) 147.5 (60.5) 58.0 (4.4) 0.4 (64.0) 192.9 (7.2) (1.8) 0 100.5
Financing Cash Flow (3.1) (49.2) (207.3) (1.0) (7.4) (54.8) (105.6) (126.1) (8.2) (8.4) 21.8 (53.2) (8.1) (134.7) (8.6) (15.3) 672.1 4,383.5 16.8 (86.5) (34.7) (32.8) 42.4 (51.8) (61.6) (8.3) 7.9 7.8 40.4 (82.5) 1.4 (11.7) (67.7) (67.0) 50.1 (57.7) (8.8) (64.0) (108.0) (10.2) (6.5) (1.4) (1.3)
Cash Position
Net Change in Cash (59.9) (260.9) 51.2 215.9 (142.5) (159.2) 133.0 258.0 (45.6) (149.9) (74.5) (173.1) 147.5 40.9 (130.3) (125.5) 275.4 62.8 (27.4) (133.6) 127.5 183.7 (10.2) (214.9) 58.3 236.5 (83.3) (155.5) 172.1 87.6 (117.1) (204.3) 102.3 171.9 (54.3) (231.1) 153.0 169.5 (250.6) (206.3) 553.2 332.2 79.4
Cash at Beginning 253.5 514.4 463.2 247.3 389.8 549.0 416.0 158.0 203.6 353.5 181.5 354.5 207.1 166.1 296.4 665.1 389.7 326.9 354.3 487.9 360.4 176.7 186.9 401.9 343.6 107.1 190.4 345.9 173.8 86.2 203.3 407.6 305.3 133.4 187.6 418.8 265.8 96.3 346.9 553.2 0 79.4 0
Cash at End 193.6 253.5 514.4 463.2 247.3 389.8 549.0 416.0 158.0 203.6 106.9 181.5 354.5 207.1 166.1 539.6 665.1 389.7 326.9 354.3 487.9 360.4 176.7 186.9 401.9 343.6 107.1 190.4 345.9 173.8 86.2 203.3 407.6 305.3 133.4 187.6 418.8 265.8 96.3 346.9 553.2 411.6 79.4
Free Cash Flow (23.3) (169.9) 308.2 243.8 (112.9) (99.2) 239.4 402.2 (18.8) (141.9) (103.3) (96.1) 199.6 188.0 (104.8) (124.6) 238.8 85.0 (24.2) (21.1) 181.2 242.1 (38.8) (140.8) 141.7 259.6 (70.8) (143.7) 160.7 195.8 (92.7) (170.6) 194.8 262.0 (88.0) (150.1) 197.4 270.8 (124.7) (183.8) 191.1 365.1 (113.8)
Key Metrics 2027 Q1 2026 Q4 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 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
Income Statement
Revenue 549.9 463.7 434.2 669.2 535.7 473.3 416.5 688.6 523.0 419.3 399.0 641.1 501.1 400.8 407.1 628.8 511.1 363.9 403.3 585.4 437.6 321.9 362.5 523.2 337.1 292.3 364.8 542.6 385.0 279.0 382.2 552.1 384.2 278.4 397.6 635.3 405.4 280.7 400.0 642.1 437.2 260.8 418.7 739.8 423.2
Gross Profit 439.2 388.9 370.3 530.1 412.3 320.3 351.2 535.2 397.7 339.1 257.8 419.5 295.2 316.6 330.3 462.2 389.1 289.5 321.7 466.5 343.4 254.4 293.5 401.5 259.0 233.2 287.6 410.6 286.8 215.0 292.0 412.1 281.5 216.9 289.3 489.1 299.8 214.2 311.8 485.2 315.0 196.8 327.2 555.3 298.8
Operating Income 114.3 32.6 30.4 156.5 96.2 27.8 24.2 179.1 75.8 (40.6) 13.7 143.8 45.4 (47.7) (287.7) 93.1 54.1 (546.6) (97.2) (2.6) 125.5 (6.9) 65.3 149.0 42.1 (54.5) (0.4) 102.8 7.3 (68.3) 6.1 104.6 (1.5) (78.6) (1.4) 174.5 (0.1) (79.6) 4.7 186.6 16.4 (101.5) (13.6) 215.1 4.6
Net Income 57.9 (50.3) (20.2) 105.3 0.5 (156.9) (52.9) 133.4 (9.4) (145.9) (75.9) 60.5 (31.8) (107.2) (312.2) 24.6 (9.3) (509.2) (61.3) (133.0) 84.1 (73.4) 17.9 103.5 (3.3) (107.0) (40.2) 53.4 (41.5) (114.9) (44.9) 55.6 (50.0) (121.1) (30.4) 125.5 (37.0) (124.0) (46.7) 138.6 (77.4) (151.5) (79.1) 156.2 (93.9)
EPS (Diluted) 0.30 -0.27 -0.11 0.55 – -0.82 -0.28 0.70 -0.05 -0.76 -0.40 0.32 -0.17 -0.64 -1.87 0.15 -0.06 -3.07 -0.37 -3.93 – -6.33 1.65 9.52 -0.30 -9.85 -3.72 4.95 -3.86 -10.69 -3.94 4.81 -4.39 -10.73 -2.73 10.96 -3.29 -10.97 -4.14 11.82 -6.83 -13.46 -6.55 15.09 -3.73
Balance Sheet
Cash & Equivalents 193.6 253.5 514.4 463.2 247.3 389.8 549.0 203.6 203.6 106.9 181.5 354.5 207.1 166.1 296.4 354.3 354.3 487.9 360.4 176.7 177.0 391.9 323.8 107.1 159.3 314.9 134.5 86.2 203.3 407.6 305.3 133.4 187.6 418.8 265.8 96.3 346.9 553.2 411.6 79.4
Total Assets 5,378.7 5,485.5 5,644.0 6,045.4 5,661.5 5,757.8 5,967.7 0 5,808.2 6,006.8 6,071.7 6,295.8 6,816.2 6,599.4 6,591.8 0 2,326.2 2,530.8 2,639.7 2,285.2 2,233.0 2,553.6 2,727.6 2,388.4 2,365.6 2,514.4 2,596.2 2,328.2 2,345.4 2,517.3 2,660.9 2,395.6 2,253.2 2,578.1 2,555.4 2,320.9 2,366.1 2,723.7 2,849.1 2,431.3
Total Debt 2,653.8 2,645.7 2,693.3 2,885.0 3,256.0 3,255.1 3,307.6 0 3,529.6 3,622.4 3,597.8 3,649.6 3,649.8 3,703.6 3,709.6 0 2,242.1 2,312.9 2,324.8 2,352.5 2,305.5 2,337.6 2,392.6 2,384.6 2,368.3 2,219.7 2,170.7 2,240.6 2,239.7 2,239.8 2,298.1 2,357.8 2,299.2 2,345.3 2,345.2 2,405.1 2,137.3 2,134.8 2,192.5 2,193.6
Stockholders' Equity 788.4 726.2 775.3 794.6 283.3 280.2 436.5 368.8 368.8 526.7 558.1 664.8 977.0 939.0 949.0 (1,505.5) (1,505.5) (1,429.0) (1,455.0) (1,564.9) (1,568.4) (1,452.2) (1,420.0) (1,470.4) (1,423.7) (1,306.3) (1,257.1) (1,318.3) (1,280) (1,198.5) (1,167.4) (1,306.5) (1,270.6) (1,150.1) (1,026.7) (1,165.8) (798.4) (689.1) (581.2) (734.6)
Cash Flow
Operating Cash Flow 0.6 (146.1) 309.0 265.0 (96.7) (41.2) 275.0 415.4 (2.9) (101.2) (86.2) (73.3) 216.8 204.3 (91.2) (115.4) 245.0 91.3 (15.2) (14.7) 189.7 252.0 (31.6) (130.5) 168.1 284.5 (58.4) (132.0) 174.5 208.9 (68.1) (158.9) 208.3 272.0 (76.3) (140.1) 209.4 278.7 (112.9) (177.3) 200.2 373.5 (99.5)
Capital Expenditure (23.9) (23.8) (0.8) (21.2) (16.3) (58.0) (35.6) (13.1) (15.9) (40.7) (17.1) (22.9) (17.2) (16.4) (13.6) (9.1) (6.2) (6.4) (8.9) (6.4) (8.5) (9.9) (7.2) (10.3) (26.4) (24.8) (12.4) (11.7) (13.9) (13.1) (24.6) (11.6) (13.5) (10.0) (11.6) (10.0) (12.0) (7.9) (11.8) (6.5) (9.2) (8.5) (14.2)
Free Cash Flow (23.3) (169.9) 308.2 243.8 (112.9) (99.2) 239.4 402.2 (18.8) (141.9) (103.3) (96.1) 199.6 188.0 (104.8) (124.6) 238.8 85.0 (24.2) (21.1) 181.2 242.1 (38.8) (140.8) 141.7 259.6 (70.8) (143.7) 160.7 195.8 (92.7) (170.6) 194.8 262.0 (88.0) (150.1) 197.4 270.8 (124.7) (183.8) 191.1 365.1 (113.8)