Axalta Coating Systems Ltd.

AXTA

AXTAAxalta Coating Systems Ltd. US flag

New York Stock Exchange

31.18

USD

+0.80

- -

6.67BMarket Cap

Income Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	4,316	4,257	3,987	4,392	4,110	4,093	4,377	4,696	4,482	3,738	4,416	4,884	5,184	5,276	5,117
+ Sales & Services Revenue	4,316	4,257	3,987	4,392	4,110	4,093	4,377	4,696	4,482	3,738	4,416	4,884	5,184	5,276	5,117
- Cost of Revenue	3,074	2,933	2,773	2,897	2,597	2,529	2,780	3,106	2,918	2,458	2,987	3,466	3,566	3,478	3,355
+ Cost of Goods & Services	3,074	2,933	2,773	2,897	2,597	2,529	2,780	3,106	2,918	2,458	2,987	3,466	3,566	3,478	3,355
Gross Profit	1,241	1,324	1,214	1,494	1,513	1,564	1,596	1,590	1,564	1,280	1,429	1,418	1,618	1,798	1,762
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	919	915	1,161	1,125	1,047	1,101	1,233	1,148	1,076	974	966	995	1,030	1,092	1,027
+ Selling, General & Admin	869	873	1,041	992	915	960	935	876	822	695	739	772	840	847	805
+ Research & Development	50	42	40	50	52	58	65	73	70	55	62	66	74	74	71
+ Other Operating Expense	- -	- -	80	84	81	83	233	198	184	224	165	157	116	171	151
Operating Income (Loss)	323	409	53	370	466	463	364	442	488	306	462	423	588	706	735
- Non-Operating (Income) Loss	20	16	317	333	308	380	174	175	158	183	122	166	233	210	189
+ Interest Expense, Net	- -	- -	215	218	196	178	147	160	163	150	134	140	213	205	176
+ Interest Expense	- -	- -	215	218	196	178	147	160	163	150	134	140	213	205	176
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	20	16	102	115	111	202	27	15	-4	33	-12	26	20	5	13
Pretax Income	302	393	-264	37	158	83	190	268	330	122	340	257	355	496	546
- Income Tax Expense (Benefit)	121	145	-45	2	62	38	142	54	77	- -	76	65	86	105	167
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	182	248	-219	35	96	45	48	213	253	122	264	192	269	391	379
- Net Extraordinary Losses (Gains)	4	9	12	15	8	12	22	12	7	1	1	- -	4	- -	2
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	4	9	12	15	8	12	22	12	7	1	1	- -	4	- -	2
Income (Loss) Incl. MI	177	239	-231	20	87	33	26	201	245	121	263	192	265	391	377
- Minority Interest	-2	-4	-6	-7	-4	-6	-11	-6	-4	- -	- -	- -	-2	- -	-1
Net Income, GAAP	179	243	-225	27	92	39	37	207	249	122	264	192	267	391	378
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	179	243	-225	27	92	39	37	207	249	122	264	192	267	391	378
EBIT	323	409	53	370	466	463	364	442	488	306	462	423	588	706	735
EBITDA	431	520	354	678	773	785	711	811	841	626	779	726	864	986	1,030
EBITDA Margin (%)	9.99	12.22	8.87	15.44	18.82	19.18	16.25	17.27	18.77	16.74	17.64	14.86	16.67	18.69	20.13
EBITA	323	409	53	370	466	463	364	442	488	306	462	423	588	706	735
Gross Margin (%)	28.76	31.11	30.45	34.03	36.81	38.21	36.47	33.85	34.9	34.24	32.36	29.03	31.21	34.08	34.43
Operating Margin (%)	7.47	9.62	1.33	8.41	11.33	11.31	8.31	9.41	10.89	8.17	10.47	8.66	11.34	13.38	14.36
Profit Margin (%)	4.16	5.72	-5.64	0.62	2.23	0.95	0.84	4.41	5.56	3.25	5.98	3.93	5.15	7.41	7.39
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	109	111	301	309	308	322	348	369	353	320	316	303	276	280	295
Basic Weighted Avg Shares	229	229	229	229	234	238	240	239	234	235	231	222	221	219	216
Basic EPS, GAAP	0.78	1.06	-0.98	0.12	0.39	0.16	0.15	0.87	1.06	0.52	1.14	0.87	1.21	1.78	1.75
Basic EPS from Cont Ops	0.79	1.08	-0.96	0.15	0.41	0.19	0.2	0.89	1.08	0.52	1.14	0.87	1.22	1.78	1.75
Diluted Weighted Avg Shares	229	229	229	230	240	244	246	243	236	236	232	222	222	220	217
Diluted EPS, GAAP	0.78	1.06	-0.98	0.12	0.38	0.16	0.15	0.85	1.06	0.52	1.14	0.86	1.2	1.77	1.74
Diluted EPS from Cont Ops	0.79	1.08	-0.96	0.15	0.4	0.18	0.19	0.88	1.07	0.52	1.14	0.86	1.21	1.77	1.75

Balance Sheet (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	1,354	1,956	1,873	1,848	1,920	2,316	2,310	2,573	2,926	2,576	2,693	2,821	2,723	2,815
+ Cash, Cash Equivalents & STI	- -	29	459	382	485	535	770	694	1,018	1,361	841	645	700	593	657
+ Cash & Cash Equivalents	- -	29	459	382	485	535	770	694	1,018	1,361	841	645	700	593	657
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	807	866	820	766	802	870	861	830	870	938	1,067	1,260	1,248	1,229
+ Accounts Receivable, Net	- -	682	638	638	647	640	748	740	718	738	760	909	1,043	1,015	1,014
+ Notes Receivable, Net	- -	36	45	46	43	69	29	36	25	30	25	23	79	92	32
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	90	184	137	76	93	93	85	87	101	152	135	138	141	183
+ Inventories	- -	471	550	538	531	530	609	613	592	560	670	830	741	734	756
+ Raw Materials	- -	132	131	133	129	127	166	171	154	148	204	260	210	219	203
+ Work In Process	- -	98	90	81	88	88	96	108	110	92	110	131	126	124	122
+ Finished Goods	- -	322	329	324	313	315	348	334	327	319	356	439	405	391	431
+ Inventory Adjustments	- -	-81	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	48	80	132	66	53	67	142	134	135	128	150	120	148	173
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	1,524	4,782	4,298	3,982	3,946	4,517	4,366	4,245	4,231	4,642	4,366	4,451	4,526	4,784
+ Property, Plant & Equip, Net	- -	709	1,623	1,514	1,383	1,316	1,389	1,298	1,319	1,296	1,290	1,293	1,309	1,280	1,411
+ Property, Plant & Equip	- -	2,074	1,806	1,858	1,855	1,933	2,194	2,219	2,328	2,419	2,404	2,472	2,559	2,553	2,843
- Accumulated Depreciation	- -	1,365	184	344	472	617	805	921	1,009	1,123	1,113	1,179	1,250	1,273	1,432
+ LT Investments & Receivables	- -	19	5	4	4	4	5	2	2	2	- -	- -	- -	- -	- -
+ LT Investments	- -	19	5	4	4	4	5	2	2	2	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	796	3,154	2,779	2,595	2,626	3,123	3,066	2,924	2,934	3,351	3,074	3,142	3,246	3,373
+ Total Intangible Assets	- -	656	2,553	2,301	2,120	2,094	2,699	2,579	2,433	2,444	2,871	2,610	2,721	2,789	2,942
+ Goodwill	- -	589	1,114	1,001	928	964	1,271	1,231	1,209	1,295	1,593	1,498	1,591	1,640	1,795
+ Other Intangible Assets	- -	67	1,440	1,300	1,192	1,130	1,428	1,348	1,224	1,149	1,278	1,112	1,130	1,149	1,147
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	140	601	478	475	532	423	487	492	490	480	463	421	457	431
Total Assets	- -	2,879	6,737	6,171	5,830	5,866	6,832	6,676	6,818	7,157	7,217	7,059	7,272	7,249	7,599
+ Payables & Accruals	- -	544	769	732	672	757	891	835	812	894	1,048	1,144	1,112	1,062	1,108
+ Accounts Payable	- -	390	429	464	419	430	511	478	442	513	611	681	665	603	577
+ Accrued Taxes	- -	43	66	42	41	50	49	37	37	56	53	54	62	55	75
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	111	274	227	212	277	331	321	333	324	384	409	385	404	456
+ ST Debt	- -	- -	47	40	50	28	38	42	73	83	107	59	57	47	51
+ ST Borrowings	- -	- -	47	40	50	28	38	42	44	54	80	31	26	20	20
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	29	29	27	28	31	27	31
+ Other ST Liabilities	- -	205	188	174	153	157	153	163	188	204	180	181	259	245	210
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	12	6	7	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	193	182	167	146	157	153	163	188	204	180	181	259	245	210
Total Current Liabilities	- -	749	1,003	947	875	942	1,082	1,041	1,073	1,181	1,335	1,385	1,428	1,354	1,369
+ LT Debt	- -	- -	3,874	3,574	3,391	3,236	3,878	3,822	3,790	3,838	3,750	3,673	3,478	3,401	3,179
+ LT Borrowings	- -	- -	3,874	3,574	3,391	3,236	3,878	3,822	3,790	3,838	3,750	3,673	3,478	3,401	3,179
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	- -	432	648	538	422	442	464	503	545	658	594	502	593	538	658
+ Accrued Liabilities	- -	28	280	208	148	160	153	141	116	114	175	162	162	151	171
+ Pension Liabilities	- -	338	313	306	252	249	279	262	285	310	269	205	252	220	238
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	66	54	23	22	32	32	100	145	234	150	134	179	167	249
Total Noncurrent Liabilities	- -	432	4,522	4,112	3,814	3,678	4,342	4,325	4,336	4,496	4,344	4,175	4,071	3,939	3,837
Total Liabilities	- -	1,182	5,525	5,059	4,689	4,620	5,424	5,365	5,408	5,677	5,678	5,560	5,499	5,293	5,206
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	1,363	1,374	1,476	1,534	1,597	1,655	1,724	1,738	1,767	1,789	1,822	1,854	1,876
+ Common Stock	- -	- -	229	230	237	239	242	245	250	251	252	252	254	255	255
+ Additional Paid in Capital	- -	- -	1,134	1,145	1,239	1,294	1,354	1,410	1,474	1,487	1,516	1,536	1,568	1,599	1,621
- Treasury Stock	- -	- -	- -	- -	- -	- -	58	312	418	444	687	887	937	1,037	1,202
+ Retained Earnings	- -	- -	-254	-226	-133	-58	-21	199	443	563	827	1,019	1,286	1,677	2,055
+ Other Equity	- -	-141	34	-103	-269	-350	-241	-336	-396	-425	-414	-467	-444	-582	-383
Equity Before Minority Interest	- -	1,663	1,143	1,045	1,074	1,125	1,276	1,205	1,354	1,433	1,493	1,454	1,727	1,912	2,346
+ Minority/Non Controlling Interest	- -	34	69	67	68	122	132	105	55	47	46	46	46	44	47
Total Equity	- -	1,697	1,212	1,112	1,141	1,247	1,408	1,310	1,410	1,480	1,539	1,500	1,773	1,956	2,393
Total Liabilities & Equity	- -	2,879	6,737	6,171	5,830	5,866	6,832	6,676	6,818	7,157	7,217	7,059	7,272	7,249	7,599
Shares Outstanding	- -	229	229	230	238	240	242	236	235	235	227	221	220	218	213
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	29	29	27	28	31	27	31
Net Debt	- -	-28	3,462	3,232	2,956	2,728	3,146	3,170	2,817	2,532	2,989	3,059	2,804	2,828	2,542
Net Debt to Equity	- -	-1.68	285.66	290.67	259.07	218.88	223.46	241.92	199.82	171.09	194.25	204.01	158.15	144.58	106.23
Tangible Common Equity Ratio	- -	46.84	-32.06	-30.73	-26.38	-22.48	-31.25	-30.96	-23.33	-20.45	-30.65	-24.97	-20.83	-18.68	-11.79
Current Ratio	- -	1.81	1.95	1.98	2.11	2.04	2.14	2.22	2.4	2.48	1.93	1.94	1.98	2.01	2.06
Cash Conversion Cycle	- -	37.62	75.2	65.14	70.02	72.71	72.6	71.61	76.76	84.76	70.8	76.31	78.46	81.92	89.65

Cash Flow Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	182	248	-219	35	96	45	48	213	253	122	264	192	269	391	379
+ Depreciation & Amortization	109	111	301	309	308	322	348	369	353	320	316	303	276	280	295
+ Non-Cash Items	7	17	96	47	184	243	231	68	53	9	23	70	85	28	102
+ Stock-Based Compensation	- -	- -	7	8	30	41	38	37	16	15	15	22	26	28	25
+ Deferred Income Taxes	4	9	-121	-38	-6	-16	92	6	16	-55	15	-3	-8	-17	45
+ Asset Impairment Charge	- -	- -	- -	- -	31	68	8	- -	- -	- -	1	1	15	- -	1
+ Other Non-Cash Adj	3	8	209	77	129	149	93	24	21	49	-8	50	52	17	31
+ Chg in Non-Cash Work Cap	-61	14	199	-139	-178	-50	-86	-154	-85	58	-45	-271	-55	-123	-127
+ (Inc) Dec in Accts Receiv	-5	-59	-6	-40	-61	-68	-15	-22	-10	-26	-80	-171	-119	-7	97
+ (Inc) Dec in Inventories	6	6	34	-25	-35	-2	-20	-48	11	40	-112	-195	103	12	33
+ (Inc) Dec in Prepaid Assets	2	1	-91	-54	-66	-64	-85	-157	-119	-20	-45	-81	-71	-130	-129
+ Inc (Dec) in Accts Payable	-35	91	260	-1	7	91	46	41	24	33	206	183	38	-13	-141
+ Inc (Dec) in Other	-29	-26	2	-18	-22	-7	-13	32	10	32	-14	-7	-6	15	13
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	236	389	377	251	410	559	540	496	573	509	559	294	575	576	649
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-124	-95	-107	-189	-138	-136	-125	-143	-112	-82	-122	-151	-138	-140	-196
+ Acq of Fixed Prod Assets	-83	-73	-107	-188	-138	-136	-125	-143	-112	-82	-122	-151	-138	-140	-196
+ Acq of Intangible Assets	-42	-22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	1,355	2	- -	- -	-58	-254	-105	-26	-244	-200	-50	-100	-165
+ Increase in Capital Stock	- -	- -	1,355	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	-58	-254	-105	-26	-244	-200	-50	-100	-165
+ Net Change in LT Investment	- -	- -	-22	- -	- -	- -	- -	22	- -	- -	- -	25	29	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	22	- -	- -	- -	25	29	- -	- -
+ Inc in LT Investment	- -	- -	-22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	-4,828	18	-30	-115	-564	-83	5	3	-649	-3	-106	-301	-48
+ Cash from Divestitures	- -	- -	- -	18	- -	- -	- -	- -	8	4	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-4,828	- -	-30	-115	-564	-83	-3	-1	-649	-3	-106	-301	-48
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	8	6	-54	-3	2	-6	- -	14	14	17	55	23	9	1	32
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-117	-88	-5,011	-174	-166	-257	-690	-189	-94	-62	-716	-106	-206	-440	-212
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	-1	3,899	-124	-142	-160	420	-87	-67	-62	-101	-153	-248	-92	-230
+ Cash From Debt	- -	- -	3,946	31	2	1,604	484	469	- -	1,200	- -	1,980	706	333	- -
+ Repayments of Debt	- -	-1	-47	-155	-144	-1,764	-64	-556	-67	-1,262	-101	-2,133	-954	-425	-230
+ Other Financing Activities	-125	-290	-156	-2	58	-73	6	-27	14	-43	10	-16	-17	-9	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-125	-291	5,098	-123	-85	-233	367	-368	-158	-131	-334	-369	-315	-201	-401
Effect of Foreign Exchange Rates	2	- -	-4	-27	-58	-19	17	-15	3	27	-21	-15	-6	-42	28
Net Changes in Cash	-6	10	464	-46	159	70	218	-61	321	317	-492	-181	54	-65	36
EBITDA	431	520	354	678	773	785	711	811	841	626	779	726	864	986	1,030
EBITDA Margin (%)	9.99	12.22	8.87	15.44	18.82	19.18	16.25	17.27	18.77	16.74	17.64	14.86	16.67	18.69	20.13
Free Cash Flow	112	294	270	63	272	423	415	353	461	427	437	143	437	436	453
Net Cash Paid for Acquisitions	- -	- -	4,828	-18	30	115	564	83	-5	-3	649	3	106	301	48
Free Cash Flow to Firm	112	294	- -	268	391	519	452	480	585	577	541	248	598	598	575
Free Cash Flow to Equity	- -	315	4,168	-60	130	263	834	266	394	365	336	-10	189	344	223
Free Cash Flow per Basic Share	0.49	1.28	1.18	0.27	1.16	1.78	1.73	1.48	1.97	1.82	1.89	0.65	1.98	1.99	2.1
Price/Free Cash Flow	- -	- -	- -	13.62	11.66	9.56	11.98	8.9	10.46	11.39	11.29	12.72	10.57	10.53	8.3
Cash Flow to Net Income	1.32	1.6	-1.68	9.18	4.47	14.41	14.71	2.4	2.3	4.19	2.12	1.53	2.15	1.47	1.72
Capital Expenditures	-124	-95	-107	-189	-138	-136	-125	-143	-112	-82	-122	-151	-138	-140	-196