Balance Sheet ADES Holding Company

Equities

2382

SA55SG6H5716

Oil & Gas Drilling

Market Closed - Saudi Arabian S.E. Other stock markets 15:20:00 22/01/2026 +03			5-day change	1st Jan Change
17.73 ^SAR	+1.90%		+6.36%	+1.66%

01-21	SNB Capital Upgrades Ades Holding to Overweight, Lifts PT	MT
01-21	HSBC Trims Ades Holding PT, Affirms Buy Rating	MT

8a3aee1.BtNDIMcDr3bgTXpAbr44wBsrx9D7rhDUMA5eNt-b42A.YosxToB22SWODCUrIelTsWxZjqHPx1KOcjgvQ63zshpsuC5qkEjkAZU-GQ

Published financial data: ADES HOLDING COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)
Revenues	452M	1.51B	2.47B	4.33B	6.2B
Total Revenues	452M	1.51B	2.47B	4.33B	6.2B
Cost of Goods Sold, Total	278M	992M	1.6B	2.62B	3.84B
Gross Profit	174M	522M	865M	1.71B	2.36B
Selling General & Admin Expenses, Total	49.49M	175M	264M	413M	476M
Provision for Bad Debts	2.56M	216M	237M	-	-
Stock-Based Compensation (IS)	3.85M	71.94K	-	-	111M
Other Operating Expenses	923K	33.02M	30.08M	45.46M	-844K
Other Operating Expenses, Total	56.82M	424M	530M	458M	586M
Operating Income	117M	97.86M	335M	1.25B	1.77B
Interest Expense, Total	-59.09M	-186M	-276M	-711M	-780M
Interest And Investment Income	802K	213K	19.19M	-	-
Net Interest Expenses	-58.28M	-186M	-257M	-711M	-780M
Other Non Operating Income (Expenses)	-9.27M	-1.96M	-23.1M	-6.28M	-23.47M
EBT, Excl. Unusual Items	49.95M	-90.09M	54.5M	535M	969M
Restructuring Charges	-3.25M	-	-	-	-
Merger & Related Restructuring Charges	-	-12.2M	-8.42M	-	-6.14M
Gain (Loss) On Sale Of Investments	-535K	-8.48M	-	-5.02M	-
Gain (Loss) On Sale Of Assets	-	-	-	-1.09M	-
Asset Writedown	-5.1M	-114M	-	-	-
Other Unusual Items	-10.09M	374M	422M	-	7.5M
EBT, Incl. Unusual Items	30.97M	149M	468M	529M	971M
Income Tax Expense	8.95M	34.63M	70.72M	77.3M	155M
Earnings From Continuing Operations	22.02M	114M	398M	452M	816M
Net Income to Company	22.02M	114M	398M	452M	816M
Minority Interest	-2.4M	-6.62M	-7.17M	-9.98M	-13.7M
Net Income - (IS)	19.62M	108M	390M	442M	802M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	19.62M	108M	390M	442M	802M
Net Income to Common Excl. Extra Items	19.62M	108M	390M	442M	802M
Per Share Items
Net EPS - Basic	0.46	-	-	0.59	0.73
Basic EPS - Continuing Operations	0.46	-	-	0.59	0.73
Basic Weighted Average Shares Outstanding	42.27M	-	-	753M	1.1B
Net EPS - Diluted	0.46	-	-	0.59	0.73
Diluted EPS - Continuing Operations	0.46	-	-	0.59	0.73
Diluted Weighted Average Shares Outstanding	42.27M	-	-	753M	1.1B
Normalized Basic EPS	0.68	-	-	0.43	0.54
Normalized Diluted EPS	0.68	-	-	0.43	0.54
Dividend Per Share	-	-	-	-	0.44
Payout Ratio	-	-	-	-	29.59
Supplemental Items
EBITDA	175M	357M	704M	1.92B	2.86B
EBITA	117M	97.86M	335M	1.25B	1.77B
EBIT	117M	97.86M	335M	1.25B	1.77B
EBITDAR	184M	379M	756M	1.99B	2.93B
Effective Tax Rate - (Ratio)	28.89	23.23	15.1	14.6	15.93
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	9.18M	34.58M	25.05M	53.65M	50.86M
Total Deferred Taxes	-232K	51.32K	45.68M	23.65M	28.59M
Normalized Net Income	28.82M	-62.92M	26.89M	325M	592M
Interest Capitalized	-	-	-	181M	16.28M
Interest on Long-Term Debt	31.36M	62.88M	6.46M	28.15M	39.88M
Non-Cash Pension Expense	5.35M	1.57M	-1.03M	5.2M	9.36M
Supplemental Operating Expense Items
General and Administrative Expenses	43.45M	156M	242M	367M	422M
Net Rental Expense, Total	8.53M	21.4M	51.2M	66.58M	75.42M
Imputed Operating Lease Interest Expense	5.4M	9.3M	15.06M	43.33M	41.2M
Imputed Operating Lease Depreciation	3.14M	12.1M	36.14M	23.25M	34.22M
Maintenance & Repair Expenses, Total	34.88M	126M	243M	348M	547M
Stock-Based Comp., Other (Total)	3.85M	71.94K	-	-	111M
Total Stock-Based Compensation	3.85M	71.94K	-	-	111M

Fiscal Period: December	2020	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)
Assets
Cash And Equivalents	62.49M	233M	191M	432M	744M
Short Term Investments	-	-	-	-	103M
Total Cash And Short Term Investments	62.49M	233M	191M	432M	847M
Accounts Receivable, Total	154M	434M	490M	1.23B	1.38B
Other Receivables	11.37M	34.28M	9.84M	5.1M	1.22M
Total Receivables	165M	469M	500M	1.24B	1.38B
Inventory	47.61M	148M	184M	332M	527M
Prepaid Expenses	5.83M	301M	644M	352M	502M
Other Current Assets, Total	8.78M	-	49.66M	-	-
Total Current Assets	290M	1.15B	1.57B	2.36B	3.26B
Gross Property Plant And Equipment	1.24B	6.6B	14.14B	19.12B	21.61B
Accumulated Depreciation	-211M	-1.17B	-1.56B	-2.33B	-3.55B
Net Property Plant And Equipment	1.03B	5.42B	12.58B	16.79B	18.06B
Long-term Investments	3.16M	6.92M	32.42M	51.52M	87.27M
Other Intangibles, Total	335K	1.04M	553K	354K	3.96M
Accounts Receivable Long-Term	57.4M	106M	-	-	-
Deferred Tax Assets Long-Term	-	3.11M	-	-	-
Other Long-Term Assets, Total	1.52M	1.8M	320M	221M	215M
Total Assets	1.38B	6.69B	14.5B	19.42B	21.63B
Liabilities
Accounts Payable, Total	84.97M	262M	743M	1.09B	737M
Accrued Expenses, Total	49.63M	158M	228M	313M	385M
Short-term Borrowings	12.91M	196M	170M	44.94M	44.96M
Current Portion of Long-Term Debt	83.05M	212M	805M	1.14B	1.29B
Current Portion of Leases	4.24M	18.45M	107M	156M	43.24M
Current Income Taxes Payable	9.49M	30.97M	10.49M	30.22M	82.47M
Unearned Revenue Current, Total	-	-	-	288M	359M
Other Current Liabilities	10.73M	99.03M	97.41M	88.09M	113M
Total Current Liabilities	255M	977M	2.16B	3.15B	3.05B
Long-Term Debt	627M	3.64B	9.58B	9.17B	10.73B
Long-Term Leases	13.96M	38.41M	270M	487M	352M
Unearned Revenue Non Current	17.41M	26.73M	70.17M	580M	680M
Pension & Other Post Retirement Benefits	16.59M	83.15M	118M	199M	159M
Deferred Tax Liability Non Current	-	-	44.04M	61.33M	94.07M
Other Non Current Liabilities	-	5.75M	4.68M	729K	29.43M
Total Liabilities	930M	4.77B	12.24B	13.65B	15.09B
Common Stock, Total	43.79M	-	1M	1.13B	1.13B
Additional Paid In Capital	179M	857M	857M	2.89B	2.89B
Retained Earnings	245M	1.05B	1.3B	1.72B	2.45B
Treasury Stock	-24.99M	-	-	-33.87M	-28.13M
Comprehensive Income and Other	1.68M	-13.13M	61.77M	41.15M	54.67M
Total Common Equity	444M	1.89B	2.22B	5.75B	6.49B
Minority Interest	9.42M	29.53M	36.35M	28.67M	45.19M
Total Equity	454M	1.92B	2.26B	5.78B	6.54B
Total Liabilities And Equity	1.38B	6.69B	14.5B	19.42B	21.63B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	41.25M	-	-	1.1B	1.1B
ECS Total Common Shares Outstanding	41.25M	-	-	1.1B	1.1B
Book Value / Share	10.77	-	-	5.25	5.9
Tangible Book Value	444M	1.89B	2.22B	5.75B	6.49B
Tangible Book Value Per Share	10.77	-	-	5.25	5.89
Total Debt	741M	4.1B	10.93B	10.99B	12.45B
Net Debt	679M	3.87B	10.74B	10.56B	11.61B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	83.15M	118M	199M	159M
Debt Equivalent Oper. Leases	68.27M	171M	410M	533M	603M
Minority Interest, Total (Incl. Fin. Div)	9.42M	29.53M	36.35M	28.67M	45.19M
Equity Method Investments, Total	3.16M	6.92M	5.98M	-	25.42M
Account Code - Inventory Valuation	6	-	6	6	6
Inventories - Others	47.61M	148M	184M	332M	527M
Land - (BS)	-	58.48M	58.48M	58.48M	58.48M
Buildings, Total	-	-	-	20.08M	34.45M
Machinery, Total	65.42M	329M	424M	534M	668M
Full Time Employees	3.5K	-	5.28K	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	470M	470M	470M
Order Backlog	929M	6.7B	27.4B	-	-

Fiscal Period: December	2020	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)
Net Income	19.62M	108M	390M	442M	802M
Depreciation & Amortization - CF	62.63M	275M	403M	797M	1.27B
Depreciation & Amortization, Total	62.63M	275M	403M	797M	1.27B
Amortization of Deferred Charges, Total - (CF)	4.99M	24.75M	16M	45.27M	47.14M
(Gain) Loss From Sale Of Asset	362K	-	-	1.09M	-
(Gain) Loss on Sale of Investments - (CF)	535K	8.48M	-	5.02M	-6.82M
Asset Writedown & Restructuring Costs	5.1M	114M	-	-	-38.91M
(Income) Loss On Equity Investments - (CF)	446K	115K	940K	960K	-18.6M
Stock-Based Compensation (CF)	3.85M	71.94K	-	-	111M
Provision and Write-off of Bad Debts	2.56M	216M	237M	-	-
Other Operating Activities, Total	62.82M	-152M	-101M	774M	907M
Change In Accounts Receivable	7.41M	-137M	-44.15M	-424M	-138M
Change In Inventories	-4.24M	3.54M	-37.12M	-148M	-184M
Change In Accounts Payable	-2.08M	-87.85M	322M	34.56M	69.17M
Change in Unearned Revenues	-	-	-	722M	171M
Change in Other Net Operating Assets	1.45M	-55.99M	-39.86M	31.88M	10.54M
Cash from Operations	165M	317M	1.15B	2.28B	3B
Capital Expenditure	-118M	-355M	-3.92B	-4.05B	-2.38B
Sale of Property, Plant, and Equipment	111K	-	-	21.76K	-
Cash Acquisitions	-	-1.11B	-2.53B	190M	-712M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-23.25K	-98.44K	-18.19K	-	-1.22M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-100M
Other Investing Activities, Total	802K	213K	19.19M	122M	3.53M
Cash from Investing	-117M	-1.46B	-6.44B	-3.74B	-3.19B
Long-Term Debt Issued, Total	67.38M	4.34B	6.57B	3.35B	3.19B
Total Debt Issued	67.38M	4.34B	6.57B	3.35B	3.19B
Long-Term Debt Repaid, Total	-91.02M	-3.05B	-938M	-3.72B	-1.63B
Total Debt Repaid	-91.02M	-3.05B	-938M	-3.72B	-1.63B
Issuance of Common Stock	-	116M	-	3.13B	-
Repurchase of Common Stock	-21.49M	-	-	-	-
Common Dividends Paid	-	-	-	-	-237M
Common & Preferred Stock Dividends Paid	-	-	-	-	-237M
Other Financing Activities, Total	-60.7M	-256M	-379M	-876M	-829M
Cash from Financing	-106M	1.15B	5.25B	1.89B	498M
Net Change in Cash	-57.11M	-1.47M	-42.03M	432M	312M
Supplemental Items
Cash Interest Paid	58.33M	247M	373M	-	819M
Cash Income Tax Paid (Refund)	9.66M	39.21M	46.87M	26.88M	73.81M
Levered Free Cash Flow	-13.67M	-221M	-3.4B	-2.68B	-1.07B
Unlevered Free Cash Flow	18.41M	-129M	-3.24B	-2.26B	-625M
Change In Net Working Capital	3.99M	111M	-68.31M	-187M	737M
Net Debt Issued / Repaid	-23.64M	1.29B	5.63B	-367M	1.56B

Fiscal Period: December	2020	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)
Profitability
Return on Assets	5.22	1.03	1.97	4.62	5.4
Return on Total Capital	6.12	1.17	2.18	5.23	6.22
Return On Equity %	4.86	6.31	19.02	11.25	13.26
Return on Common Equity	4.42	6.06	18.97	11.09	13.11
Margin Analysis
Gross Profit Margin %	38.56	34.47	35.07	39.5	38.06
SG&A Margin	10.95	11.56	10.69	9.53	7.68
EBITDA Margin %	38.72	23.61	28.55	44.29	46.13
EBITA Margin %	25.99	6.46	13.57	28.92	28.61
EBIT Margin %	25.99	6.46	13.57	28.92	28.61
Income From Continuing Operations Margin %	4.87	7.56	16.12	10.44	13.17
Net Income Margin %	4.34	7.12	15.83	10.21	12.95
Net Avail. For Common Margin %	4.34	7.12	15.83	10.21	12.95
Normalized Net Income Margin	6.37	-4.16	1.09	7.5	9.55
Levered Free Cash Flow Margin	-3.02	-14.61	-137.79	-61.87	-17.21
Unlevered Free Cash Flow Margin	4.07	-8.53	-131.42	-52.28	-10.09
Asset Turnover
Asset Turnover	0.32	0.25	0.23	0.26	0.3
Fixed Assets Turnover	0.44	0.33	0.27	0.29	0.36
Receivables Turnover (Average Receivables)	2.73	3.69	5.34	5.02	4.74
Inventory Turnover (Average Inventory)	6.01	6.07	9.63	10.15	8.94
Short Term Liquidity
Current Ratio	1.14	1.18	0.73	0.75	1.07
Quick Ratio	0.89	0.72	0.32	0.53	0.73
Operating Cash Flow to Current Liabilities	0.65	0.32	0.53	0.73	0.98
Days Sales Outstanding (Average Receivables)	134.23	98.85	68.4	72.66	77.25
Days Outstanding Inventory (Average Inventory)	60.89	60.15	37.91	35.94	40.94
Average Days Payable Outstanding	130.16	110.21	111.99	120.94	82.92
Cash Conversion Cycle (Average Days)	64.95	48.78	-5.69	-12.34	35.27
Long Term Solvency
Total Debt/Equity	163.29	213.38	483.85	190.3	190.46
Total Debt / Total Capital	62.02	68.09	82.87	65.55	65.57
LT Debt/Equity	141.21	191.16	435.95	167.16	169.44
Long-Term Debt / Total Capital	53.63	61	74.67	57.58	58.33
Total Liabilities / Total Assets	67.2	71.26	84.43	70.26	69.77
EBIT / Interest Expense	1.99	0.53	1.21	1.76	2.27
EBITDA / Interest Expense	3.05	2	2.67	2.88	3.9
(EBITDA - Capex) / Interest Expense	1.06	0.1	-11.52	-2.81	0.85
Total Debt / EBITDA	4.11	11	14.81	5.36	4.09
Net Debt / EBITDA	3.77	10.38	14.55	5.15	3.82
Total Debt / (EBITDA - Capex)	11.86	228.88	-3.43	-5.5	18.7
Net Debt / (EBITDA - Capex)	10.86	215.89	-3.37	-5.29	17.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-5.37	-10.69	62.94	75.58	43.1
Gross Profit, 1 Yr. Growth %	-9.1	-17.67	65.75	97.78	37.87
EBITDA, 1 Yr. Growth %	-1.65	-40.34	97.07	172.36	48.75
EBITA, 1 Yr. Growth %	-11.29	-74.46	242.14	274.2	41.13
EBIT, 1 Yr. Growth %	-11.29	-74.46	242.14	274.2	41.13
Earnings From Cont. Operations, 1 Yr. Growth %	-30.16	38.57	247.48	13.7	80.54
Net Income, 1 Yr. Growth %	-31.47	46.52	262.16	13.23	81.52
Normalized Net Income, 1 Yr. Growth %	-31.01	-181.94	-142.74	1.11K	84.56
Diluted EPS Before Extra, 1 Yr. Growth %	-29.03	-	-	-	24.61
Accounts Receivable, 1 Yr. Growth %	-13.37	12.56	12.9	151.7	12.01
Inventory, 1 Yr. Growth %	6.22	-16.84	24.11	80.11	58.87
Net Property, Plant and Equip., 1 Yr. Growth %	2.06	40.19	131.97	33.5	7.55
Total Assets, 1 Yr. Growth %	-3.33	28.95	116.69	33.94	11.36
Tangible Book Value, 1 Yr. Growth %	0.26	13.63	17.38	158.74	12.89
Common Equity, 1 Yr. Growth %	0.26	13.6	17.35	158.69	12.95
Cash From Operations, 1 Yr. Growth %	-3.79	-48.94	261.83	99.15	31.37
Capital Expenditures, 1 Yr. Growth %	-34.4	-19.52	1.01K	3.19	-41.33
Levered Free Cash Flow, 1 Yr. Growth %	-147.18	166.96	1.44K	-21.16	-58.43
Unlevered Free Cash Flow, 1 Yr. Growth %	-47.91	-364.73	2.41K	-30.15	-70.93
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	48.3	-8.12	20.63	69.14	58.51
Gross Profit, 2 Yr. CAGR %	33.39	-14.85	16.81	81.06	65.13
EBITDA, 2 Yr. CAGR %	32.94	-26.87	8.43	131.68	101.47
EBITA, 2 Yr. CAGR %	28.77	-55.64	-6.53	257.81	130.14
EBIT, 2 Yr. CAGR %	28.77	-55.64	-6.53	257.81	130.14
Earnings From Cont. Operations, 2 Yr. CAGR %	-45.18	-1.69	119.43	98.76	43.27
Net Income, 2 Yr. CAGR %	-48.12	0.15	130.36	102.5	43.36
Normalized Net Income, 2 Yr. CAGR %	7.39	-36.66	-40.82	127.17	369.3
Diluted EPS Before Extra, 2 Yr. CAGR %	-47.62	-	-	-	-
Accounts Receivable, 2 Yr. CAGR %	-2.84	-19.31	12.73	68.58	67.91
Inventory, 2 Yr. CAGR %	20.71	-6.07	1.59	49.51	69.16
Net Property, Plant and Equip., 2 Yr. CAGR %	19.09	19.55	80.34	75.98	19.83
Total Assets, 2 Yr. CAGR %	12.96	11.59	67.16	70.36	22.13
Tangible Book Value, 2 Yr. CAGR %	3.76	6.67	15.49	74.27	70.91
Common Equity, 2 Yr. CAGR %	3.74	6.66	15.46	74.23	70.94
Cash From Operations, 2 Yr. CAGR %	79.76	-29.95	35.92	168.44	61.75
Capital Expenditures, 2 Yr. CAGR %	12.05	-27.39	198.23	237.7	-22.19
Levered Free Cash Flow, 2 Yr. CAGR %	-63.9	42.65	540.39	248.01	-43.98
Unlevered Free Cash Flow, 2 Yr. CAGR %	-54.68	-1.36	715.4	318.85	-56.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	42.09	25.19	11.18	36.71	59.97
Gross Profit, 3 Yr. CAGR %	30.04	12.38	6.28	39.23	65.33
EBITDA, 3 Yr. CAGR %	30.38	-1.31	1.74	47.39	100
EBITA, 3 Yr. CAGR %	26.27	-28.35	-12.38	48.42	162.66
EBIT, 3 Yr. CAGR %	26.27	-28.35	-12.38	48.42	162.66
Earnings From Cont. Operations, 3 Yr. CAGR %	-20.95	-25.35	49.71	76.24	92.5
Net Income, 3 Yr. CAGR %	-23.93	-26.69	53.67	81.8	95.25
Normalized Net Income, 3 Yr. CAGR %	1.12	-12.46	-44.46	61.71	111.14
Diluted EPS Before Extra, 3 Yr. CAGR %	-26.23	-	-	-	-
Accounts Receivable, 3 Yr. CAGR %	21.66	-10.81	-9.78	47.34	47.1
Inventory, 3 Yr. CAGR %	31.54	6.57	3.04	22.96	52.57
Net Property, Plant and Equip., 3 Yr. CAGR %	47.34	25.69	49.06	63.14	49.34
Total Assets, 3 Yr. CAGR %	33.03	18.01	39.17	55.26	47.85
Tangible Book Value, 3 Yr. CAGR %	11.84	6.91	10.09	51.12	50.79
Common Equity, 3 Yr. CAGR %	11.81	6.89	10.08	51.08	50.79
Cash From Operations, 3 Yr. CAGR %	50.03	18.12	21.05	54.38	111.54
Capital Expenditures, 3 Yr. CAGR %	30.48	0.31	79.89	109.37	88.43
Levered Free Cash Flow, 3 Yr. CAGR %	-25.28	-17.47	214.9	218.57	68.93
Unlevered Free Cash Flow, 3 Yr. CAGR %	-6.35	-27.34	190.09	259.45	69.2
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	34.94	24.63	33.03	41.24	28.15
Gross Profit, 5 Yr. CAGR %	29.02	14.44	23.77	36.03	26.79
EBITDA, 5 Yr. CAGR %	34.85	6.39	18.87	38.87	33.74
EBITA, 5 Yr. CAGR %	32.46	-12.7	8.83	36.36	28.96
EBIT, 5 Yr. CAGR %	32.46	-12.7	8.83	36.36	28.96
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.99	-4.32	18.87	10.47	47.13
Net Income, 5 Yr. CAGR %	-5.2	-5.45	18.44	10.09	49.49
Normalized Net Income, 5 Yr. CAGR %	12.46	-8.61	-23.81	28.22	30.44
Diluted EPS Before Extra, 5 Yr. CAGR %	-10.39	-	-	-37.88	-21.51
Accounts Receivable, 5 Yr. CAGR %	54.38	11.09	8.83	15.08	15.69
Inventory, 5 Yr. CAGR %	46.04	17.34	18.57	22.06	25.66
Net Property, Plant and Equip., 5 Yr. CAGR %	41.02	37.8	59.68	43.84	36.62
Total Assets, 5 Yr. CAGR %	40.65	34.91	45.69	36.71	32.11
Tangible Book Value, 5 Yr. CAGR %	39.66	36.88	13.24	30.02	31.3
Common Equity, 5 Yr. CAGR %	39.67	36.9	13.21	29.99	31.29
Cash From Operations, 5 Yr. CAGR %	33	19.07	44.16	64.07	35.95
Capital Expenditures, 5 Yr. CAGR %	3.72	-6.76	81.54	63.05	28.68
Levered Free Cash Flow, 5 Yr. CAGR %	-26.5	-13.96	94.18	46.8	57.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	-21.29	-22	107.52	46.45	36.35