Nabors Industries Ltd. logo NBR - Nabors Industries Ltd.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 16
HOLD 22
SELL 6
STRONG
SELL
0
| PRICE TARGET: $81.00 DETAILS
HIGH: $105.00
LOW: $50.00
MEDIAN: $80.50
CONSENSUS: $81.00
DOWNSIDE: 23.16%
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 3,184.7 2,930.1 3,006.0 2,653.8 2,017.5 2,134.0 3,043.4 3,057.6 2,564.3 2,227.8 3,864.4 6,804.2 6,152.0 6,989.6 6,060.4 4,215.5 3,503.4 5,303.8 4,940.7 4,942.7 3,551.0 2,448.2 1,922.8 1,519.0 2,121.2 1,327.1 642.3 968.2 1,029.3 719.7 572.8 422.6 352
Cost of Revenue 2,563.6 2,375.8 1,790.4 1,666.0 1,287.3 1,336.0 2,805.4 1,977.0 1,718.1 1,344.3 2,371.4 4,505.1 3,981.8 4,367.1 3,776.0 2,423.6 2,012.4 3,110.3 2,764.6 2,569.8 1,997.3 1,572.6 1,277.0 973.9 1,296.9 888.3 418.7 623.8 737.8 539.7 434.1 325.1 261.2
Gross Profit 621.1 554.3 1,215.6 987.8 730.2 798.0 238.0 1,080.6 846.2 883.5 1,493.0 2,299.1 2,170.2 2,475.9 2,284.4 1,791.9 1,491.1 2,193.5 2,176.1 2,372.9 1,553.7 875.5 645.9 545.1 824.2 438.8 223.6 344.4 291.5 180 138.7 97.5 90.8
Operating Expenses
R&D Expenses 53.1 57.1 56.3 49.9 35.6 36.5 50.4 70.2 51.1 33.6 41.3 49.7 45.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 304.6 249.3 244.1 228.4 213.6 203.5 258.7 265.8 251.2 227.6 324.3 549.7 525.3 532.6 489.9 346.7 429.7 480.0 436.3 420.9 250.0 195.4 165.4 141.9 135.5 106.5 65.3 77 70.4 56.9 49.1 71.2 40.5
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 924.1 829.3 692.5 658.0 539.9 409.7 338.5 300.4 235.1 195.4 189.9 152.4 99.8 84.9 66.4 46.1 31 19.9 18.7
Operating Expenses 357.6 306.4 300.4 278.4 249.1 240.0 309.1 336.0 302.3 261.2 365.6 549.7 1,937.2 2,010.2 1,414.0 1,175.9 1,122.1 1,138.0 976.2 830.6 588.5 495.8 400.5 337.3 325.4 258.9 165.1 161.9 136.8 103 80.1 91.1 59.2
Operating Income
Operating Income 263.4 247.9 915.2 709.4 481.1 558.0 (71.1) 744.6 544.0 622.3 1,127.4 1,749.4 558.2 908.1 927.0 616.0 369.0 1,217.6 1,271.4 1,519.8 967.7 375.1 240.5 204.1 485.5 118.3 49.6 149.4 110.6 60.6 50.9 1.3 18.8
Interest Expense 215.4 210.9 185.3 177.9 171.5 206.3 204.3 227.1 222.9 185.4 181.9 177.9 223.4 0 256.6 273.0 264.9 416.0 101.1 48.9 93.7 39.2 65.8 63.4 0 0 4 0 0 0 0 0 0
Interest Income 27.6 39.1 45.9 15.5 1.5 4.7 8.4 5.0 2.2 1.2 0 0 0 191.8 0 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 912.7 813.2 915.2 709.4 481.5 561.0 491.5 760.3 546.5 625.0 1,130.3 1,752.6 1,680.2 1,966.4 1,668.5 1,148.6 1,048.5 1,522.3 1,826.8 1,940.6 1,337.2 701.8 506.7 430.3 707.1 270.7 149.4 234.3 177 106.7 81.9 21.2 37.5
EBIT 263.4 179.8 269.9 44.3 (211.9) (317.3) (384.6) (108.2) (299.0) (249.3) 157.0 604.3 558.2 908.1 771.9 566.3 104.0 882.5 1,199.9 1,498.6 948.0 379.7 246.5 207.8 618.3 265.1 54.7 182.8 156.5 77 58.6 6.4 31.6
Income Before Tax 537.5 (31.0) 129.1 (245.7) (488.1) (705.6) (588.9) (518.8) (580.1) (1,198.1) (427.5) (604.6) 106.2 274.7 487.8 82.0 (235.1) 801.6 1,135.3 1,470.9 874.0 335.8 174.6 140.8 542.3 226.7 45.6 200 182.4 81.6 58.6 4.3 36.5
Income Tax Expense 163.1 56.9 79.2 61.5 55.6 57.3 91.6 79.3 (83.0) (186.8) (98.0) 62.7 (55.2) 32.6 142.6 (24.8) (149.2) 250.5 239.7 450.2 225.3 33.4 (17.6) 19.3 194.5 91.2 17.9 75 67.6 11.1 7.5 3.6 2.2
Net Income 248.3 (176.1) (11.8) (350.3) (569.3) (805.6) (723.9) (640.9) (546.8) (1,029.7) (372.7) (670.7) 149.9 232.4 243.7 94.7 (85.5) 551.2 930.7 1,020.7 648.7 302.5 192.2 121.5 357.4 137.4 27.7 125 114.8 70.5 51.1 0.7 34.3
Per Share Data
EPS (Basic) 18.75 -22.37 -5.49 -40.52 -76.58 -118.69 -96.77 -95.84 -97.63 -186.44 -65.96 -115.19 23.50 28.50 42.50 16.50 -15.10 84.50 167.00 176.00 104.00 51.00 33.00 21.25 63.43 23.34 5.06 30.82 30.00 19.00 14.50 0.25 12.50
EPS (Diluted) 17.16 -22.37 -5.49 -40.52 -76.58 -118.69 -96.77 -95.84 -97.42 -186.23 -65.85 -115.01 23.50 28.00 41.50 16.50 -15.10 82.50 162.50 170.00 100.00 48.00 31.00 20.25 56.00 22.50 5.06 29.00 27.00 18.75 14.25 0.25 12.50
Shares Outstanding 13.2 9.2 9.2 8.9 7.6 7.1 7.0 6.7 5.6 5.5 5.7 5.8 5.9 5.8 5.7 5.7 5.7 5.6 5.6 5.8 6.2 6.0 5.9 5.7 5.8 5.7 4.2 4.0 3.8 3.7 3.5 2.8 2.7
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 940.7 389.7 1,057.5 451.0 991.5 472.2 436.0 447.8 337.0 264.1 927.8 442.1 384.7 579.7 414.1 198.4 197.3 80.6 16.7 3.9 95.9 12 22.4 63.1
Short-Term Investments 0.0 7.6 12.7 1.3 0.0 9.5 16.5 34.0 28.4 31.1 163.0 142.2 428.3 339.9 457.6 343.2 353.6 31.1 0 0 0 0 0 0
Net Receivables 391.7 388.0 347.8 327.4 287.6 363.0 453.0 756.3 698.5 508.4 724.0 1,160.8 540.1 410.5 277.7 361.1 350.3 205.6 174.3 245 172.7 132.5 109.7 88.8
Inventory 94.8 130.0 147.8 127.9 126.4 160.6 176.3 165.6 166.3 103.6 100.8 150.1 28.7 23.3 20.5 18.5 18.0 25.8 25.7 21.4 18.5 14.1 14.8 20
Other Current Assets 124.3 84.3 79.9 93.0 112.3 126.2 166.8 189.9 217.2 248.7 261.0 271.5 111.7 162.2 32.8 28.1 99.0 118.2 48.8 35.5 41.4 24.8 13.2 16.3
Total Current Assets 1,551.6 999.5 1,645.7 1,000.6 1,517.8 1,131.5 1,248.7 1,593.6 1,447.3 1,155.8 2,195.9 2,166.6 1,581.0 1,515.6 1,369.9 1,030.9 1,018.3 461.3 265.5 305.8 328.5 183.4 160.1 188.2
Non-Current Assets
Property, Plant & Equipment 2,920.0 2,831.0 2,929.4 3,060.6 3,332.5 3,985.7 4,930.5 5,467.9 6,109.6 6,267.6 7,646.1 7,282.0 3,275.5 2,990.8 2,781.1 2,433.2 1,821.4 1,669.5 1,127.2 861.4 511.2 383.7 230.4 230.8
Goodwill 0 0 0 0 0 0 28.4 183.9 173.2 166.9 164.3 175.7 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 327.2 336.0 306.8 199.0 192.2 169.1 0 0 0 0 0 0
Long-Term Investments 0 0 315.5 284.8 0 0 0 (345.1) (419.0) 0.9 407.5 240.0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 128.8 457.5 148.6 126.5 416.4 139.1 247.2 608.6 671.9 586.3 125.1 575.6 678.9 760.2 606.2 488.7 105.0 98.1 57.5 67 31.6 16.4 28.5 7.8
Total Non-Current Assets 3,238.1 3,504.8 3,632.3 3,729.2 4,023.6 4,372.0 5,512.0 6,260.4 6,954.6 7,031.2 8,468.0 8,301.4 4,281.6 4,087.0 3,694.0 3,121.0 2,118.6 1,936.7 1,184.7 928.4 542.8 400.1 258.9 238.6
Total Assets 4,789.7 4,504.3 5,278.0 4,729.9 5,525.4 5,503.4 6,760.7 7,853.9 8,402.0 8,187.0 10,663.9 10,468.0 5,862.6 5,602.7 5,063.9 4,151.9 3,136.9 2,398 1,450.2 1,234.2 871.3 583.5 419 426.8
Current Liabilities
Account Payables 300.5 321.0 294.4 314.0 253.7 220.9 295.2 392.8 363.4 264.6 226.4 424.9 211.6 128.8 89.7 131.8 139.2 80.3 58.5 86.1 65 53.9 26.7 37.3
Short-Term Debt 377.5 6.8 629.6 6.8 5.4 0 13.5 0.6 0.2 0.3 0.2 225.0 804.5 299.4 493.0 2.5 3.6 3.6 85.9 43 18 41.8 11.1 11.8
Deferred Revenue 53.5 30.9 29.2 37.8 59.8 61.5 89.1 149.3 218.4 255.6 (226.4) 367.4 171.2 160.7 133.4 168.0 0 0 0 0 0 0 0 0
Other Current Liabilities 93.4 (29.7) 135.7 131.5 123.4 104.2 117.0 160.0 169.7 152.6 (66.4) (72.4) 11.9 9.4 15.9 27.8 136.5 181.6 100 105.9 73.4 54.9 38.3 31.2
Total Current Liabilities 993.0 571.9 1,214.0 596.4 525.2 515.5 656.5 832.1 919.5 821.9 608.6 1,128.9 1,199.3 598.4 751.5 330.1 279.2 265.5 244.4 235 156.4 150.6 76.1 80.3
Non-Current Liabilities
Long-Term Debt 2,147.7 2,505.2 2,537.2 2,537.5 3,262.8 2,968.7 3,333.2 3,585.9 4,027.8 3,578.3 3,940.6 3,887.7 1,201.7 1,985.6 1,614.7 1,567.6 854.8 482.6 217 229.5 229.5 51.5 57.5 68.9
Deferred Tax Liabilities 7.1 2.5 1.4 2.9 2.8 1.6 3.1 6.3 10.3 9.5 673.4 497.4 385.9 372.8 402.1 285.4 97.3 93 72.2 28.3 18.4 4 0.8 0
Other Non-Current Liabilities 173.8 196.2 218.6 349.9 324.4 318.0 258.8 274.5 301.6 522.5 240.1 261.9 146.3 155.7 137.3 110.9 99.1 86.8 49.1 13.6 9.2 8.6 7.8 9.9
Total Non-Current Liabilities 2,359.0 2,726.0 2,782.9 2,918.1 3,605.9 3,288.3 3,628.6 3,866.7 4,339.7 4,110.3 4,873.3 4,647.0 1,733.9 2,514.0 2,154.0 1,963.9 1,051.2 662.4 338.3 271.4 257.1 64.1 66.1 78.8
Total Liabilities 3,352.0 3,298.0 3,996.9 3,514.5 4,131.1 3,803.8 4,285.1 4,698.8 5,259.2 4,932.2 5,481.9 5,775.9 2,933.2 3,112.4 2,905.4 2,294.0 1,330.4 927.9 582.7 506.4 413.5 214.7 142.2 159.1
Stockholders' Equity
Common Stock 0.8 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.1 0.1 0.1 14.8 14.7 13.7 0 0 0 0 0 0
Retained Earnings (1,836.5) (2,092.1) (1,886.2) (1,841.2) (1,538.0) (946.1) (104.8) 650.8 1,423.2 2,033.4 3,613.2 3,910.3 1,422.6 1,120.2 928.0 1,001.1 643.6 506.3 478.6 312.3 200.2 138.1 86.8 93.9
Accumulated Other Comprehensive Income (10.4) (10.4) (10.8) (11.0) (10.6) (11.1) (11.8) (29.3) 11.2 (12.1) 292.7 53.5 148.2 99.6 (3.2) 3.3 7.1 (3.8) 0 (315.6) (250.9) (212.4) (172.7) (140.6)
Total Stockholders' Equity 590.7 135.0 326.6 369.0 590.7 1,151.4 1,982.8 2,700.8 2,911.8 3,247.0 5,167.7 4,692.1 2,929.4 2,490.3 2,158.5 1,857.9 1,806.5 1,470.1 867.5 727.8 457.8 368.8 276.8 267.7
Total Liabilities & Equity 4,789.7 4,504.3 5,278.0 4,729.9 5,525.4 5,503.4 6,760.7 7,853.9 8,402.0 8,187.0 10,663.9 10,468.0 5,862.6 5,602.7 5,063.9 4,151.9 3,136.9 2,398 1,450.2 1,234.2 871.3 583.5 419 426.8
Debt Metrics
Total Debt 2,565.4 2,534.1 3,198.0 2,572.1 3,305.7 2,977.0 3,380.1 3,586.4 4,027.9 3,578.6 3,940.8 4,112.7 2,006.2 2,284.9 2,107.6 1,570.1 858.3 486.2 302.9 272.5 247.5 93.3 68.6 80.7
Net Debt 1,624.7 2,144.5 2,140.5 2,121.1 2,314.2 2,504.8 2,944.1 3,138.7 3,690.9 3,314.5 3,013.0 3,670.7 1,621.5 1,705.2 1,693.6 1,371.7 661.0 405.6 286.2 268.6 151.6 81.3 46.2 17.6
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 248.3 (88.0) 49.9 (307.2) (543.7) (762.8) (680.5) (612.7) (540.6) (1,029.6) 648.7 302.5 192.2 121.5 357.4 135.5 27.7 125 114.8 70.5 51.1 0.7 34.3
Depreciation & Amortization 649.2 633.4 645.3 665.1 693.4 853.7 876.1 868.5 845.4 874.3 369.6 326.7 266.3 226.2 221.5 152.4 99.8 84.9 66.4 46.1 31 19.9 18.7
Stock-Based Compensation 23.4 16.5 15.8 15.8 19.4 24.6 24.7 26.4 31.9 32 4.8 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 72.5 (101.2) (10.9) 5.2 188.1 (8.4) 136.7 (216.2) (384.9) 92.1 (159.6) (53.5) (12.4) 21.2 44.6 (105.3) (9.6) 67.1 (27.6) (22.8) (5.9) (13.4) (15.6)
Other Non-Cash Items (397.4) 99.0 (78.1) 114.8 82.3 178.0 291.8 188.2 101.9 769.8 (28.8) (24.9) (20.3) (5.5) (39.4) (33.3) 0.1 (0.1) (44.7) 0.2 (8.4) (2.3) (8.3)
Operating Cash Flow 693.3 581.4 637.9 501.1 428.8 349.8 684.6 325.8 62.8 531.9 1,029.5 563.2 395.8 372.4 694.9 220.9 128.3 281.7 165 84.1 73.8 36.9 28.4
Investing Activities
Capital Expenditure (715.9) (567.9) (540.9) (373.4) (234.0) (195.5) (427.7) (458.9) (574.5) (395.5) (907.3) (544.4) (353.4) (316.8) (701.2) (300.6) (82.1) (304.7) (267.9) (146.4) (109.3) (37.4) (29.2)
Acquisitions 84.4 0 0 0 0 0 (2.9) (20.9) 9.0 (22.3) (46.2) 6.9 0 (135.7) (66.4) 0 12 0 52.2 15.7 10 0 0
Purchases of Investments (4.3) (7.7) (38.3) (21.1) (14.7) (0.1) (4.3) (0.7) (6.7) (0.0) (745.7) (746.4) (1,459.0) (745.4) (535.5) (325.3) (25.4) (18.5) (4.8) (11.3) (7.4) (52.4) 0
Sales/Maturities of Investments 0 0 0 0 11.4 2.8 18.8 4.3 13.1 0.7 749.6 838.8 1,393.6 542.1 163.1 42.9 6.6 0 3.7 12.5 38.9 12.6 0
Other Investing Activities 733.0 20.2 8.7 25.9 120.1 27.4 60.3 109.1 57.1 34.9 (8.5) (103.9) 10.5 26.2 15.1 5.5 1.6 46.9 (109.3) (30.9) (19.6) 6.4 3
Investing Cash Flow 97.1 (555.5) (570.4) (368.7) (117.2) (165.5) (355.9) (367.1) (502.0) (382.1) (958.2) (549.1) (408.3) (629.5) (1,124.8) (577.5) (87.3) (276.3) (326.1) (160.4) (87.4) (70.8) (26.2)
Financing Activities
Net Debt Issuance (214.2) (647.0) 601.5 (642.6) 300.5 (76.5) (270.9) (457.9) 416.3 (81.8) 10.4 (302.4) 154.7 460.6 686.7 365.5 18.3 7.4 9.9 148.2 3.8 (12.3) 10.5
Stock Repurchased 0 0 0 0 0 (1.7) 0 0 (18.1) (1.7) (99.5) 0 0 (2.5) (248.0) 0 0 (0.7) 0 0 0 0 0
Dividends Paid (6.1) (0.1) (0.2) (0.1) (7.4) (22.5) (49.6) (87.1) (68.5) (50.9) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (346.5) (14.9) (8.7) (18.9) 195.3 (47.2) (11.1) 121.3 14.2 (4.7) (2.7) 10.0 (9.6) (4.2) (12.2) (5.2) (1.1) (1) (0.1) 0.9 (0.9) 0 (0.2)
Financing Cash Flow (566.8) (662.0) 592.6 (661.5) 488.4 (148.0) (331.6) 155.6 512.2 (138.2) 102.6 (221.2) 171.5 470.4 432.4 473.3 22.9 5.7 68.6 160.1 3.1 (6.8) 46.1
Cash Position
Net Change in Cash 219.9 (651.2) 637.0 (536.4) 798.2 33.2 (9.0) 109.1 72.9 9.6 180.3 (195.0) 165.7 215.6 1.1 116.7 63.9 11.1 (92.5) 83.8 (10.5) (40.7) 48.3
Cash at Beginning 723.0 1,374.2 737.1 1,273.5 475.3 442.0 451.1 342.0 264.1 254.5 384.7 579.7 414.1 198.4 197.3 80.6 16.7 5.6 96.4 12 22.6 63.1 14.8
Cash at End 942.8 723.0 1,374.2 737.1 1,273.5 475.3 442.0 451.1 337.0 264.1 565.0 384.7 579.7 414.1 198.4 197.3 80.6 16.7 3.9 95.8 12.1 22.4 63.1
Free Cash Flow (22.7) 13.5 97.0 127.6 194.7 154.2 256.8 (133.2) (511.7) 136.4 122.2 18.8 42.4 55.7 (6.3) (79.7) 46.2 (23) (102.9) (62.3) (35.5) (0.5) (0.8)
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 3,184.7 2,930.1 3,006.0 2,653.8 2,017.5 2,134.0 3,043.4 3,057.6 2,564.3 2,227.8 3,864.4 6,804.2 6,152.0 6,989.6 6,060.4 4,215.5 3,503.4 5,303.8 4,940.7 4,942.7 3,551.0 2,448.2 1,922.8 1,519.0 2,121.2 1,327.1 642.3 968.2 1,029.3 719.7 572.8 422.6 352
Gross Profit 621.1 554.3 1,215.6 987.8 730.2 798.0 238.0 1,080.6 846.2 883.5 1,493.0 2,299.1 2,170.2 2,475.9 2,284.4 1,791.9 1,491.1 2,193.5 2,176.1 2,372.9 1,553.7 875.5 645.9 545.1 824.2 438.8 223.6 344.4 291.5 180 138.7 97.5 90.8
Operating Income 263.4 247.9 915.2 709.4 481.1 558.0 (71.1) 744.6 544.0 622.3 1,127.4 1,749.4 558.2 908.1 927.0 616.0 369.0 1,217.6 1,271.4 1,519.8 967.7 375.1 240.5 204.1 485.5 118.3 49.6 149.4 110.6 60.6 50.9 1.3 18.8
Net Income 248.3 (176.1) (11.8) (350.3) (569.3) (805.6) (723.9) (640.9) (546.8) (1,029.7) (372.7) (670.7) 149.9 232.4 243.7 94.7 (85.5) 551.2 930.7 1,020.7 648.7 302.5 192.2 121.5 357.4 137.4 27.7 125 114.8 70.5 51.1 0.7 34.3
EPS (Diluted) 17.16 -22.37 -5.49 -40.52 -76.58 -118.69 -96.77 -95.84 -97.42 -186.23 -65.85 -115.01 23.50 28.00 41.50 16.50 -15.10 82.50 162.50 170.00 100.00 48.00 31.00 20.25 56.00 22.50 5.06 29.00 27.00 18.75 14.25 0.25 12.50
Balance Sheet
Cash & Equivalents 940.7 389.7 1,057.5 451.0 991.5 472.2 436.0 447.8 337.0 264.1 927.8 442.1 384.7 579.7 414.1 198.4 197.3 80.6 16.7 3.9 95.9 12 22.4 63.1
Total Assets 4,789.7 4,504.3 5,278.0 4,729.9 5,525.4 5,503.4 6,760.7 7,853.9 8,402.0 8,187.0 10,663.9 10,468.0 5,862.6 5,602.7 5,063.9 4,151.9 3,136.9 2,398 1,450.2 1,234.2 871.3 583.5 419 426.8
Total Debt 2,565.4 2,534.1 3,198.0 2,572.1 3,305.7 2,977.0 3,380.1 3,586.4 4,027.9 3,578.6 3,940.8 4,112.7 2,006.2 2,284.9 2,107.6 1,570.1 858.3 486.2 302.9 272.5 247.5 93.3 68.6 80.7
Stockholders' Equity 590.7 135.0 326.6 369.0 590.7 1,151.4 1,982.8 2,700.8 2,911.8 3,247.0 5,167.7 4,692.1 2,929.4 2,490.3 2,158.5 1,857.9 1,806.5 1,470.1 867.5 727.8 457.8 368.8 276.8 267.7
Cash Flow
Operating Cash Flow 693.3 581.4 637.9 501.1 428.8 349.8 684.6 325.8 62.8 531.9 1,029.5 563.2 395.8 372.4 694.9 220.9 128.3 281.7 165 84.1 73.8 36.9 28.4
Capital Expenditure (715.9) (567.9) (540.9) (373.4) (234.0) (195.5) (427.7) (458.9) (574.5) (395.5) (907.3) (544.4) (353.4) (316.8) (701.2) (300.6) (82.1) (304.7) (267.9) (146.4) (109.3) (37.4) (29.2)
Free Cash Flow (22.7) 13.5 97.0 127.6 194.7 154.2 256.8 (133.2) (511.7) 136.4 122.2 18.8 42.4 55.7 (6.3) (79.7) 46.2 (23) (102.9) (62.3) (35.5) (0.5) (0.8)