SBH - Sally Beauty Holdings, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$17.75
DETAILS
HIGH:
$20.00
LOW:
$16.00
MEDIAN:
$17.50
CONSENSUS:
$17.75
UPSIDE:
40.76%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Revenue | 3,701.4 | 3,717.0 | 3,728.1 | 3,815.6 | 3,875.0 | 3,514.3 | 3,876.4 | 3,932.6 | 3,938.3 | 3,952.6 | 3,834.3 | 3,753.5 | 3,622.2 | 3,523.6 | 3,269.1 | 2,916.1 | 2,636.6 | 2,648.2 | 2,513.8 | 2,373.1 | 2,254.3 | 2,097.7 | 1,824.0 | 1,667.1 | 1,460.1 |
| Cost of Revenue | 1,790.7 | 1,826.7 | 1,835.7 | 1,878.1 | 1,920.2 | 1,798.7 | 1,965.9 | 1,988.2 | 1,973.4 | 1,988.7 | 1,936.5 | 1,893.3 | 1,827.0 | 1,780.4 | 1,674.5 | 1,511.7 | 1,393.3 | 1,413.6 | 1,360.0 | 1,286.3 | 1,227.3 | 1,146.8 | 1,016.9 | 952.1 | 837.4 |
| Gross Profit | 1,910.7 | 1,890.3 | 1,892.4 | 1,937.5 | 1,954.8 | 1,715.6 | 1,910.5 | 1,944.4 | 1,964.9 | 1,963.9 | 1,897.9 | 1,860.2 | 1,795.3 | 1,743.3 | 1,594.6 | 1,404.4 | 1,243.3 | 1,234.6 | 1,153.7 | 1,086.8 | 1,027 | 950.9 | 807.1 | 715.0 | 622.7 |
| 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 |
| SG&A Expenses | 1,601.4 | 1,603.4 | 1,550.3 | 1,540.2 | 1,520.7 | 1,442.8 | 1,452.8 | 1,375.4 | 1,348.5 | 1,363.6 | 1,309.8 | 1,270.0 | 1,202.7 | 1,179.2 | 1,086.4 | 1,012.3 | 899.4 | 903.1 | 861.1 | 865.1 | 830.4 | 711.2 | 591.3 | 528.0 | 0 |
| Other Expenses | (18.5) | 4.2 | 17.0 | 59.6 | 15.7 | 14.0 | 0 | 0 | 112.3 | 99.7 | 89.4 | 79.7 | 72.2 | 64.7 | 59.7 | 51.1 | 47.1 | 48.5 | 42.6 | 0 | 0 | 70.0 | 45.7 | 0 | 0 |
| Operating Expenses | 1,582.9 | 1,607.6 | 1,567.4 | 1,599.8 | 1,536.3 | 1,456.8 | 1,452.8 | 1,484.2 | 1,463.6 | 1,465.6 | 1,402.5 | 1,353.2 | 1,274.9 | 1,243.9 | 1,146.1 | 1,063.4 | 946.5 | 951.7 | 903.7 | 865.1 | 830.4 | 781.2 | 637.0 | 528.0 | 0 |
| Operating Income | |||||||||||||||||||||||||
| Operating Income | 327.8 | 282.7 | 325.0 | 337.6 | 418.4 | 258.8 | 350.1 | 426.6 | 478.6 | 498.3 | 495.3 | 507.0 | 520.4 | 499.4 | 448.5 | 340.9 | 296.8 | 282.9 | 228.6 | 180.2 | 196.6 | 169.6 | 170.1 | 187.0 | 622.7 |
| Interest Expense | 64.4 | 76.4 | 73.0 | 93.5 | 93.5 | 98.8 | 96.3 | 98.2 | 132.9 | 144.2 | 116.8 | 116.3 | 107.7 | 138.4 | 112.5 | 113.0 | 132.0 | 159.1 | 146.0 | 0.1 | 0 | 0 | 0 | 0 | 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 |
| Profitability | |||||||||||||||||||||||||
| EBITDA | 427.7 | 393.5 | 441.1 | 493.1 | 529.7 | 379.6 | 457.8 | 535.4 | 590.9 | 598.0 | 584.7 | 586.7 | 592.6 | 564.1 | 508.2 | 392.1 | 343.9 | 331.4 | 300.1 | 220.0 | 230.5 | 194.2 | 192.4 | 187.0 | 622.7 |
| EBIT | 327.8 | 283.8 | 338.6 | 393.1 | 427.5 | 272.8 | 458.5 | 426.6 | 478.6 | 498.3 | 495.3 | 507.0 | 520.4 | 499.4 | 448.5 | 340.9 | 296.8 | 279.0 | 250.1 | 221.7 | 196.6 | 169.6 | 170.1 | 187.0 | 622.7 |
| Income Before Tax | 263.4 | 206.3 | 252.1 | 244.1 | 324.9 | 160.0 | 362.2 | 328.4 | 345.7 | 354.1 | 378.5 | 390.7 | 412.7 | 360.9 | 335.9 | 227.9 | 164.8 | 123.8 | 82.6 | 180.1 | 189.6 | 167.4 | 169.7 | 154.8 | 142.4 |
| Income Tax Expense | 67.5 | 52.9 | 67.5 | 60.5 | 85.1 | 46.7 | 90.5 | 70.4 | 130.6 | 131.1 | 143.4 | 144.7 | 151.5 | 127.9 | 122.2 | 84.1 | 65.7 | 46.2 | 38.1 | 69.9 | 73.2 | 62.1 | 62.2 | 57.0 | 53.1 |
| Net Income | 195.9 | 153.4 | 184.6 | 183.6 | 239.9 | 113.2 | 271.6 | 258.0 | 215.1 | 222.9 | 235.1 | 246.0 | 261.2 | 233.1 | 213.7 | 143.8 | 99.1 | 77.6 | 44.5 | 110.2 | 116.5 | 105.3 | 107.5 | 97.8 | 89.3 |
| Per Share Data | |||||||||||||||||||||||||
| EPS (Basic) | 1.95 | 1.48 | 1.72 | 1.69 | 2.13 | 0.99 | 2.27 | 2.09 | 1.56 | 1.51 | 1.50 | 1.54 | 1.52 | 1.27 | 1.17 | 0.79 | 0.55 | 0.43 | 0.25 | 0.61 | 0.66 | 0.58 | 0.60 | 0.54 | 0.50 |
| EPS (Diluted) | 1.89 | 1.43 | 1.69 | 1.66 | 2.10 | 0.99 | 2.26 | 2.08 | 1.56 | 1.50 | 1.49 | 1.51 | 1.48 | 1.24 | 1.14 | 0.78 | 0.54 | 0.42 | 0.24 | 0.61 | 0.65 | 0.58 | 0.60 | 0.54 | 0.50 |
| Shares Outstanding | 100.7 | 103.9 | 107.3 | 108.7 | 112.7 | 113.9 | 119.6 | 123.2 | 137.5 | 147.2 | 156.4 | 159.9 | 171.7 | 183.4 | 183.0 | 182.0 | 181.7 | 181.2 | 180.4 | 180.1 | 176.2 | 180.1 | 180.1 | 180.1 | 180.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||
| Cash & Cash Equivalents | 149.2 | 108.0 | 123.0 | 70.6 | 401.0 | 514.2 | 71.5 | 77.3 | 63.8 | 86.6 | 54.4 | 99.8 | 45.5 | 0 | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.6 | 0 | 0 | 0 |
| Net Receivables | 116.6 | 92.2 | 75.9 | 72.3 | 66.6 | 56.4 | 104.5 | 90.5 | 92.2 | 84.0 | 67.7 | 67.2 | 55.6 | 0 | 0 | 0 |
| Inventory | 987.6 | 1,036.6 | 975.2 | 936.4 | 871.3 | 814.5 | 952.9 | 944.3 | 930.9 | 907.3 | 559.7 | 598.2 | 483.5 | 0 | 0 | 0 |
| Other Current Assets | 48.2 | 68.5 | 53.9 | 53.2 | 44.7 | 48.0 | 34.6 | 43.0 | 55.2 | 94.9 | 15.6 | 20.7 | 10.2 | 0 | 0 | 0 |
| Total Current Assets | 1,301.5 | 1,305.3 | 1,228.0 | 1,132.4 | 1,383.6 | 1,433.1 | 1,163.6 | 1,155.1 | 1,170.5 | 1,172.8 | 715.9 | 805.6 | 625.6 | 0 | 0 | 0 |
| Non-Current Assets | ||||||||||||||||
| Property, Plant & Equipment | 931.0 | 852.4 | 868.4 | 830.1 | 845.0 | 840.7 | 319.6 | 308.4 | 313.7 | 319.6 | 151.3 | 156.3 | 125.8 | 93.7 | 81.5 | 0 |
| Goodwill | 540.7 | 538.3 | 533.1 | 526.1 | 541.2 | 540.0 | 530.8 | 535.9 | 537.8 | 532.7 | 494.1 | 425.0 | 304.8 | 0 | 0 | 0 |
| Intangible Assets | 53.0 | 60.0 | 55.2 | 50.3 | 55.5 | 58.3 | 62.1 | 72.7 | 80.3 | 93.0 | 78.7 | 85.4 | 17.5 | 0 | 0 | 0 |
| Long-Term Investments | 0.1 | 0 | 4.7 | 3.9 | 0.0 | (92.1) | (80.4) | (76.0) | 5.2 | 0 | 0 | (20.7) | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 44.9 | 36.9 | 40.6 | 38.0 | 21.8 | 23.1 | 22.4 | 25.4 | 20.8 | 14.0 | 50.7 | 54.7 | 28.8 | (93.7) | (81.5) | 0 |
| Total Non-Current Assets | 1,569.6 | 1,487.6 | 1,497.3 | 1,444.5 | 1,463.6 | 1,462.0 | 934.9 | 942.3 | 952.6 | 959.2 | 774.8 | 721.4 | 476.9 | 0 | 0 | 0 |
| Total Assets | 2,871.1 | 2,792.9 | 2,725.2 | 2,576.9 | 2,847.1 | 2,895.1 | 2,098.4 | 2,097.4 | 2,123.1 | 2,132.1 | 1,490.7 | 1,527.0 | 1,102.4 | 932.2 | 838.7 | 656.5 |
| Current Liabilities | ||||||||||||||||
| Account Payables | 224.5 | 269.4 | 258.9 | 275.7 | 291.6 | 236.3 | 278.7 | 303.2 | 307.8 | 271.4 | 193.6 | 172.0 | 145.0 | 0 | 0 | 0 |
| Short-Term Debt | 4 | 4.1 | 4.2 | 68.7 | 0.2 | 0.2 | 0.0 | 5.5 | 96.1 | 0.7 | 24.5 | 100.6 | 0.2 | 0 | 0 | 0 |
| Deferred Revenue | 14.2 | 16.1 | 18.3 | 18.8 | 18.5 | 16.7 | 18.2 | 18.4 | 20.6 | 23.2 | 0 | 154.7 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 92.4 | 0 | 75.2 | 83.6 | 114.3 | 99.2 | 87.9 | 100.7 | 86.1 | 115.7 | 93.4 | 95.8 | 46.9 | 0 | 0 | 0 |
| Total Current Liabilities | 576.0 | 592.7 | 579.3 | 667.9 | 664.9 | 563.4 | 456.1 | 491.2 | 574.6 | 488.7 | 374.2 | 438.4 | 247.9 | 0 | 0 | 0 |
| Non-Current Liabilities | ||||||||||||||||
| Long-Term Debt | 862.0 | 978.3 | 1,065.8 | 1,083.0 | 1,382.0 | 1,796.9 | 1,594.5 | 1,768.8 | 1,771.9 | 1,783.3 | 1,653.0 | 1,724.7 | 34.9 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 79.5 | 91.8 | 93.2 | 85.1 | 85.8 | 92.1 | 80.4 | 76.0 | 120.2 | 114.7 | 33.6 | 37.3 | 10.3 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 21.0 | 22.1 | 23.1 | 22.4 | 29.1 | 33.0 | 27.8 | 30.0 | 20.1 | 21.6 | 43.6 | 29.6 | 23.2 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 1,500.9 | 1,571.7 | 1,637.2 | 1,615.3 | 1,901.5 | 2,316.3 | 1,702.7 | 1,874.8 | 1,912.1 | 1,919.6 | 1,732.0 | 1,791.5 | 68.4 | 0 | 0 | 0 |
| Total Liabilities | 2,076.9 | 2,164.4 | 2,216.5 | 2,283.2 | 2,566.4 | 2,879.7 | 2,158.8 | 2,366.0 | 2,486.7 | 2,408.2 | 2,106.2 | 2,230.0 | 316.3 | 254.0 | 262.9 | 191.5 |
| Stockholders' Equity | ||||||||||||||||
| Common Stock | 1.0 | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | 1.3 | 1.4 | 1.8 | 1.8 | 58.6 | 0 | 0 | 0 |
| Retained Earnings | 898.1 | 740.7 | 624.8 | 440.2 | 357.0 | 117.1 | 55.8 | (179.8) | (283.1) | (177.6) | (1,236.9) | (1,336.0) | 718.4 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | (104.8) | (113.2) | (122.8) | (151.8) | (94.6) | (104.7) | (117.3) | (90.0) | (81.8) | (100.1) | (15.9) | 8.7 | 9.2 | 0 | 0 | 0 |
| Total Stockholders' Equity | 794.2 | 628.5 | 508.7 | 293.6 | 280.7 | 15.4 | (60.3) | (268.6) | (363.6) | (276.2) | (615.5) | (703.0) | 786.2 | 678.2 | 575.9 | 465.0 |
| Total Liabilities & Equity | 2,871.1 | 2,792.9 | 2,725.2 | 2,576.9 | 2,847.1 | 2,895.1 | 2,098.4 | 2,097.4 | 2,123.1 | 2,132.1 | 1,490.7 | 1,527.0 | 1,102.4 | 932.2 | 838.7 | 656.5 |
| Debt Metrics | ||||||||||||||||
| Total Debt | 1,563.0 | 1,598.1 | 1,675.5 | 1,734.2 | 1,943.1 | 2,344.7 | 1,594.5 | 1,774.3 | 1,867.9 | 1,784.0 | 1,677.5 | 1,825.3 | 35.1 | 0 | 0 | 0 |
| Net Debt | 1,413.8 | 1,490.1 | 1,552.5 | 1,663.6 | 1,542.1 | 1,830.6 | 1,523.0 | 1,697.0 | 1,804.2 | 1,697.4 | 1,623.1 | 1,725.5 | (10.3) | 0 | 0 | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 195.9 | 153.4 | 184.6 | 183.6 | 239.9 | 113.2 | 271.6 | 258.0 | 215.1 | 222.9 | 116.5 | 105.3 |
| Depreciation & Amortization | 99.9 | 109.7 | 102.4 | 99.9 | 102.2 | 106.8 | 107.7 | 108.8 | 112.3 | 99.7 | 33.9 | 24.6 |
| Stock-Based Compensation | 19.2 | 17.2 | 15.9 | 9.9 | 11.7 | 8.4 | 9.2 | 10.5 | 10.5 | 12.6 | 0 | 0 |
| Change in Working Capital | (8.7) | (38.8) | (71.6) | (164.1) | 26.7 | 177.0 | (70.8) | 10.9 | (49.3) | (41.3) | (48.9) | 3.8 |
| Other Non-Cash Items | (19.3) | 6.7 | 8.4 | 44.8 | 8.8 | 7.7 | (2.8) | 4.9 | 41.6 | 35.7 | 2.6 | 18.3 |
| Operating Cash Flow | 274.8 | 246.5 | 249.3 | 156.5 | 381.9 | 426.9 | 320.4 | 372.7 | 344.4 | 351.0 | 115.5 | 159.2 |
| Investing Activities | ||||||||||||
| Capital Expenditure | (102.1) | (101.2) | (90.7) | (99.2) | (73.9) | (110.9) | (107.8) | (86.5) | (89.7) | (151.2) | (52.2) | (52.0) |
| Acquisitions | 0.3 | (7.7) | (9.0) | (3.2) | (2.4) | (13.0) | (3.4) | (9.2) | 0.0 | (26.1) | (96.9) | (123.7) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (22.1) | (81.4) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44.6 | 116.3 |
| Other Investing Activities | 43.6 | 0 | 0 | 0 | 0.2 | 0.1 | 15.3 | 0.4 | 0.0 | 2.5 | 0.6 | 0.8 |
| Investing Cash Flow | (58.3) | (108.9) | (99.8) | (102.4) | (76.0) | (123.8) | (95.9) | (95.3) | (89.6) | (174.8) | (126.0) | (139.9) |
| Financing Activities | ||||||||||||
| Net Debt Issuance | (119.1) | (84.1) | (81.2) | (250.3) | (422.2) | 204.6 | (184.0) | (97.9) | 60.6 | (39.3) | 15.6 | 1.4 |
| Stock Repurchased | (54.0) | (60.4) | (15.2) | (130.3) | 0 | (61.4) | (47.4) | (166.7) | (346.9) | (209.1) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (11.8) | 0 |
| Other Financing Activities | (5.3) | (9.2) | (4.5) | 6.9 | (1.3) | (3.5) | 2.2 | 1.4 | 9.0 | 16.2 | 0 | (35.4) |
| Financing Cash Flow | (178.4) | (153.7) | (100.8) | (373.7) | (420.0) | 139.8 | (229.3) | (263.3) | (278.4) | (229.0) | 3.7 | (34) |
| Cash Position | ||||||||||||
| Net Change in Cash | 41.2 | (15.0) | 52.4 | (330.4) | (113.2) | 442.7 | (5.8) | 13.5 | (22.9) | (53.4) | (6.8) | (15.3) |
| Cash at Beginning | 108.0 | 123.0 | 70.6 | 401.0 | 514.2 | 71.5 | 77.3 | 63.8 | 86.6 | 140.0 | 45.5 | 60.7 |
| Cash at End | 149.2 | 108.0 | 123.0 | 70.6 | 401.0 | 514.2 | 71.5 | 77.3 | 63.8 | 86.6 | 38.6 | 45.5 |
| Free Cash Flow | 172.7 | 145.4 | 158.6 | 57.2 | 308.0 | 316.0 | 212.7 | 286.2 | 254.7 | 199.8 | 63.2 | 107.3 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||
| Revenue | 3,701.4 | 3,717.0 | 3,728.1 | 3,815.6 | 3,875.0 | 3,514.3 | 3,876.4 | 3,932.6 | 3,938.3 | 3,952.6 | 3,834.3 | 3,753.5 | 3,622.2 | 3,523.6 | 3,269.1 | 2,916.1 | 2,636.6 | 2,648.2 | 2,513.8 | 2,373.1 | 2,254.3 | 2,097.7 | 1,824.0 | 1,667.1 | 1,460.1 |
| Gross Profit | 1,910.7 | 1,890.3 | 1,892.4 | 1,937.5 | 1,954.8 | 1,715.6 | 1,910.5 | 1,944.4 | 1,964.9 | 1,963.9 | 1,897.9 | 1,860.2 | 1,795.3 | 1,743.3 | 1,594.6 | 1,404.4 | 1,243.3 | 1,234.6 | 1,153.7 | 1,086.8 | 1,027 | 950.9 | 807.1 | 715.0 | 622.7 |
| Operating Income | 327.8 | 282.7 | 325.0 | 337.6 | 418.4 | 258.8 | 350.1 | 426.6 | 478.6 | 498.3 | 495.3 | 507.0 | 520.4 | 499.4 | 448.5 | 340.9 | 296.8 | 282.9 | 228.6 | 180.2 | 196.6 | 169.6 | 170.1 | 187.0 | 622.7 |
| Net Income | 195.9 | 153.4 | 184.6 | 183.6 | 239.9 | 113.2 | 271.6 | 258.0 | 215.1 | 222.9 | 235.1 | 246.0 | 261.2 | 233.1 | 213.7 | 143.8 | 99.1 | 77.6 | 44.5 | 110.2 | 116.5 | 105.3 | 107.5 | 97.8 | 89.3 |
| EPS (Diluted) | 1.89 | 1.43 | 1.69 | 1.66 | 2.10 | 0.99 | 2.26 | 2.08 | 1.56 | 1.50 | 1.49 | 1.51 | 1.48 | 1.24 | 1.14 | 0.78 | 0.54 | 0.42 | 0.24 | 0.61 | 0.65 | 0.58 | 0.60 | 0.54 | 0.50 |
| Balance Sheet | |||||||||||||||||||||||||
| Cash & Equivalents | 149.2 | 108.0 | 123.0 | 70.6 | 401.0 | 514.2 | 71.5 | 77.3 | 63.8 | 86.6 | 54.4 | 99.8 | 45.5 | 0 | 0 | 0 | |||||||||
| Total Assets | 2,871.1 | 2,792.9 | 2,725.2 | 2,576.9 | 2,847.1 | 2,895.1 | 2,098.4 | 2,097.4 | 2,123.1 | 2,132.1 | 1,490.7 | 1,527.0 | 1,102.4 | 932.2 | 838.7 | 656.5 | |||||||||
| Total Debt | 1,563.0 | 1,598.1 | 1,675.5 | 1,734.2 | 1,943.1 | 2,344.7 | 1,594.5 | 1,774.3 | 1,867.9 | 1,784.0 | 1,677.5 | 1,825.3 | 35.1 | 0 | 0 | 0 | |||||||||
| Stockholders' Equity | 794.2 | 628.5 | 508.7 | 293.6 | 280.7 | 15.4 | (60.3) | (268.6) | (363.6) | (276.2) | (615.5) | (703.0) | 786.2 | 678.2 | 575.9 | 465.0 | |||||||||
| Cash Flow | |||||||||||||||||||||||||
| Operating Cash Flow | 274.8 | 246.5 | 249.3 | 156.5 | 381.9 | 426.9 | 320.4 | 372.7 | 344.4 | 351.0 | 115.5 | 159.2 | |||||||||||||
| Capital Expenditure | (102.1) | (101.2) | (90.7) | (99.2) | (73.9) | (110.9) | (107.8) | (86.5) | (89.7) | (151.2) | (52.2) | (52.0) | |||||||||||||
| Free Cash Flow | 172.7 | 145.4 | 158.6 | 57.2 | 308.0 | 316.0 | 212.7 | 286.2 | 254.7 | 199.8 | 63.2 | 107.3 | |||||||||||||