Cash flow Aviat Networks, Inc.

Stocks

AVNW

US05366Y2019

Communications & Networking

Market Closed - Nasdaq Other stock markets 16:00:00 2026-08-11 EDT			5-day change	1st Jan Change
21.00 ^USD	+0.48%		-1.96%	-1.78%

06-30	Craig-Hallum Initiates Aviat Networks at Buy With $36 Price Target	MT
06-28	Aviat Networks, Inc.(NasdaqGS:AVNW) added to Russell 2000 Value-Defensive Index	CI

2ffef3537087d163cbfc86.1UwuCjkSN24u0imAlq1yHD6BPPd4WvC5-K9BeCFsccU.oQZaRwtVZDh2o2HWwdsYL3bwcLkfCrOIs5kLHEAvB6ameUNicHByJnTqHQ

Published financial data: AVIAT NETWORKS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	275M	303M	347M	408M	435M
Total Revenues	275M	303M	347M	408M	435M
Cost of Goods Sold, Total	172M	194M	222M	263M	295M
Gross Profit	103M	109M	124M	145M	139M
Selling General & Admin Expenses, Total	56.32M	57.66M	69.84M	76.84M	89.48M
R&D Expenses	21.81M	22.6M	24.91M	36.43M	35.77M
Other Operating Expenses, Total	78.13M	80.25M	94.75M	113M	125M
Operating Income	24.48M	28.98M	29.42M	31.47M	14.19M
Interest Expense, Total	-	-	-	-2.34M	-6.06M
Interest And Investment Income	230K	-	-	-	-
Net Interest Expenses	230K	-	-	-2.34M	-6.06M
Currency Exchange Gains (Loss)	-	-1.1M	-1M	-	800K
Other Non Operating Income (Expenses)	-	2.79M	-572K	-158K	-1.74M
EBT, Excl. Unusual Items	24.71M	30.67M	27.85M	28.97M	7.19M
Restructuring Charges	-2.27M	-238K	-3.01M	-3.87M	-3.61M
Merger & Related Restructuring Charges	-	-	-	-8.2M	-
Gain (Loss) On Sale Of Investments	-	-	-1.73M	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	22.44M	30.44M	23.1M	16.91M	3.58M
Income Tax Expense	-87.7M	9.28M	11.58M	6.15M	2.24M
Earnings From Continuing Operations	110M	21.16M	11.53M	10.76M	1.34M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	110M	21.16M	11.53M	10.76M	1.34M
Minority Interest	-	-	-	-	-
Net Income - (IS)	110M	21.16M	11.53M	10.76M	1.34M
Net Income to Common Incl Extra Items	110M	21.16M	11.53M	10.76M	1.34M
Net Income to Common Excl. Extra Items	110M	21.16M	11.53M	10.76M	1.34M
Per Share Items
Net EPS - Basic	9.98	1.89	1.01	0.88	0.11
Basic EPS - Continuing Operations	9.98	1.89	1.01	0.88	0.11
Basic Weighted Average Shares Outstanding	11.04M	11.17M	11.36M	12.18M	12.68M
Net EPS - Diluted	9.42	1.79	0.97	0.86	0.1
Diluted EPS - Continuing Operations	9.42	1.79	0.97	0.86	0.1
Diluted Weighted Average Shares Outstanding	11.69M	11.82M	11.86M	12.46M	12.83M
Normalized Basic EPS	1.4	1.72	1.53	1.49	0.35
Normalized Diluted EPS	1.32	1.62	1.47	1.45	0.35
Supplemental Items
EBITDA	29.86M	33.45M	35.6M	36.46M	22.23M
EBITA	24.48M	28.98M	30.12M	32.47M	16.89M
EBIT	24.48M	28.98M	29.42M	31.47M	14.19M
EBITDAR	33.04M	36.93M	38.99M	40.89M	29.9M
Total Revenues (As Reported)	275M	303M	347M	408M	435M
Effective Tax Rate - (Ratio)	-390.82	30.47	50.1	36.35	62.5
Current Domestic Taxes	161K	348K	637K	393K	866K
Current Foreign Taxes	2.13M	1.23M	1.49M	2.13M	1.71M
Total Current Taxes	2.29M	1.58M	2.13M	2.52M	2.58M
Deferred Domestic Taxes	-90.97M	7.53M	9.97M	5.66M	918K
Deferred Foreign Taxes	983K	161K	-522K	-2.04M	-1.26M
Total Deferred Taxes	-89.99M	7.69M	9.44M	3.62M	-343K
Normalized Net Income	15.44M	19.17M	17.41M	18.11M	4.49M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	21.81M	22.6M	24.91M	36.43M	35.77M
Net Rental Expense, Total	3.18M	3.48M	3.39M	4.43M	7.67M
Imputed Operating Lease Interest Expense	-	-	-	3.01M	5.2M
Imputed Operating Lease Depreciation	-	-	-	1.41M	2.48M
Stock-Based Comp., COGS (Total)	372K	440K	627K	406K	233K
Stock-Based Comp., R&D Exp. (Total)	250K	246K	514K	593K	534K
Stock-Based Comp., SG&A Exp. (Total)	2.3M	3.15M	5.58M	6.34M	6.3M
Total Stock-Based Compensation	2.92M	3.83M	6.72M	7.34M	7.07M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	47.94M	36.88M	22.24M	64.62M	59.69M
Short Term Investments	-	10.89M	2K	-	-
Total Cash And Short Term Investments	47.94M	47.77M	22.24M	64.62M	59.69M
Accounts Receivable, Total	85.66M	119M	160M	249M	286M
Other Receivables	-	-	-	8.62M	10.13M
Total Receivables	85.66M	119M	160M	257M	296M
Inventory	24.87M	27.17M	33.06M	62.27M	83.98M
Prepaid Expenses	-	-	15.68M	13.56M	14.42M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	11.77M	12.44M	6.49M	7.61M	9.16M
Total Current Assets	170M	206M	238M	405M	464M
Gross Property Plant And Equipment	83.55M	79.72M	72.79M	74.91M	82.76M
Accumulated Depreciation	-68.04M	-68.07M	-60.79M	-61.72M	-62.2M
Net Property Plant And Equipment	15.52M	11.65M	12.01M	13.19M	20.57M
Goodwill	-	-	5.11M	8.22M	19.66M
Other Intangibles, Total	-	-	9.05M	13.64M	26.9M
Deferred Tax Assets Long-Term	103M	95.41M	86.65M	83.11M	88.15M
Other Long-Term Assets, Total	8.43M	10.44M	13.98M	11.84M	14.45M
Total Assets	298M	324M	364M	535M	633M
Liabilities
Accounts Payable, Total	32.4M	42.39M	60.14M	92.85M	148M
Accrued Expenses, Total	24.93M	23.54M	17.79M	30.32M	23.08M
Current Portion of Long-Term Debt	-	-	-	2.4M	18.62M
Current Portion of Leases	769K	513K	610K	1.01M	1.09M
Current Income Taxes Payable	-	-	4.55M	8.83M	12.47M
Unearned Revenue Current, Total	32.3M	33.74M	44.27M	58.84M	73.74M
Other Current Liabilities	5.96M	4.29M	2.7M	24.61M	5.11M
Total Current Liabilities	96.37M	104M	130M	219M	282M
Long-Term Debt	-	-	-	45.95M	68.97M
Long-Term Leases	3.22M	2.41M	2.14M	2.82M	2.24M
Unearned Revenue Non Current	8.59M	8.92M	7.42M	7.41M	8.06M
Deferred Tax Liability Non Current	614K	563K	492K	412K	4.98M
Other Non Current Liabilities	5.52M	5.78M	4.29M	3.88M	3.67M
Total Liabilities	114M	122M	144M	279M	370M
Common Stock, Total	112K	112K	115K	126K	127K
Additional Paid In Capital	819M	823M	830M	860M	866M
Retained Earnings	-621M	-599M	-588M	-579M	-577M
Treasury Stock	-787K	-6.15M	-6.15M	-6.48M	-7.08M
Comprehensive Income and Other	-14.33M	-16.03M	-16M	-19.32M	-18.82M
Total Common Equity	183M	202M	220M	256M	263M
Minority Interest	-	-	-	-	-
Total Equity	183M	202M	220M	256M	263M
Total Liabilities And Equity	298M	324M	364M	535M	633M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.17M	11.19M	11.53M	12.68M	12.8M
ECS Total Common Shares Outstanding	11.15M	11.16M	11.52M	12.62M	12.74M
Book Value / Share	16.44	18.08	19.11	20.27	20.66
Tangible Book Value	183M	202M	206M	234M	217M
Tangible Book Value Per Share	16.44	18.08	17.88	18.54	17
Total Debt	3.99M	2.92M	2.75M	52.18M	90.92M
Net Debt	-43.95M	-44.84M	-19.49M	-12.44M	31.23M
Debt Equivalent Oper. Leases	25.41M	27.87M	27.15M	35.42M	61.39M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	8.03M	10.48M	12.79M	15.43M	26.27M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	15.41M	14.92M	18.5M	44.89M	55.97M
Inventories - Others	1.43M	1.78M	1.76M	1.94M	1.73M
Land - (BS)	210K	210K	210K	-	-
Buildings, Total	6.91M	5.8M	5.89M	1.3M	2.09M
Machinery, Total	51.24M	49.58M	47.15M	-	-
Full Time Employees	661	636	685	909	920
Part Time Employees	26	76	19	4	3
Accumulated Allowance for Doubtful Accounts (Supple)	2.14M	934K	719K	1.85M	3.58M
Order Backlog	225M	245M	289M	292M	323M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	110M	21.16M	11.53M	10.76M	1.34M
Depreciation & Amortization - CF	5.38M	4.46M	5.48M	3.99M	5.34M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	704K	1M	2.71M
Depreciation & Amortization, Total	5.38M	4.46M	6.18M	4.99M	8.04M
(Gain) Loss From Sale Of Asset	6K	-55K	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-2.61M	1.73M	41K	-103K
Stock-Based Compensation (CF)	2.92M	3.83M	6.72M	7.34M	7.07M
Provision and Write-off of Bad Debts	171K	-23K	467K	1.3M	1.73M
Other Operating Activities, Total	-89.49M	10.8M	12.29M	8.65M	4.48M
Change In Accounts Receivable	-12.81M	-34.44M	-39.31M	-44.12M	-44.24M
Change In Inventories	-11.09M	-3.9M	-4.52M	1.59M	-24.36M
Change In Accounts Payable	580K	10.5M	16.04M	16.55M	49.93M
Change in Unearned Revenues	10.56M	1.71M	6.25M	11.81M	15.65M
Change In Income Taxes	159K	-1.62M	710K	1.44M	2.16M
Change in Other Net Operating Assets	770K	-7.02M	-19.73M	10.18M	-15.98M
Cash from Operations	17.3M	2.79M	-1.64M	30.54M	5.72M
Capital Expenditure	-2.85M	-1.79M	-5.34M	-2.68M	-12.97M
Sale of Property, Plant, and Equipment	-	2.28M	-	-	2.59M
Cash Acquisitions	-	-	-15.77M	-32.16M	-18.15M
Investment in Marketable and Equity Securities, Total	-	-8.28M	9.16M	-387K	-
Cash from Investing	-2.85M	-7.79M	-11.95M	-35.22M	-28.53M
Short Term Debt Issued, Total	-	-	-	33.2M	-
Long-Term Debt Issued, Total	-	-	102M	50M	170M
Total Debt Issued	-	-	102M	83.2M	170M
Short Term Debt Repaid, Total	-	-	-	-33.2M	-
Long-Term Debt Repaid, Total	-9M	-	-102M	-1.25M	-131M
Total Debt Repaid	-9M	-	-102M	-34.45M	-131M
Issuance of Common Stock	1.91M	1.03M	1.27M	1.06M	228K
Repurchase of Common Stock	-954K	-5.9M	-1.2M	-1.03M	-1.84M
Other Financing Activities, Total	-	-	-753K	-79K	-19.08M
Cash from Financing	-8.05M	-4.87M	-681K	48.7M	18.68M
Foreign Exchange Rate Adjustments	-77K	-1.22M	-311K	-1.6M	1.21M
Net Change in Cash	6.33M	-11.09M	-14.58M	42.41M	-2.92M
Supplemental Items
Cash Interest Paid	4K	-	880K	2.52M	6.68M
Cash Income Tax Paid (Refund)	-2.12M	1.24M	1.61M	808K	1.72M
Levered Free Cash Flow	8.87M	-3.35M	-5.39M	-13.06M	-9.04M
Unlevered Free Cash Flow	8.87M	-3.35M	-5.39M	-11.6M	-5.25M
Change In Net Working Capital	11.89M	27.97M	31.34M	40.92M	16.26M
Net Debt Issued / Repaid	-9M	-	0	48.75M	39.38M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.41	5.83	5.34	4.38	1.52
Return on Total Capital	11.39	9.24	8.6	7.43	2.68
Return On Equity %	87.41	10.99	5.47	4.53	0.52
Return on Common Equity	87.41	10.99	5.47	4.53	0.52
Margin Analysis
Gross Profit Margin %	37.33	36.06	35.83	35.47	32.08
SG&A Margin	20.49	19.03	20.15	18.83	20.59
EBITDA Margin %	10.86	11.04	10.27	8.93	5.12
EBITA Margin %	8.9	9.57	8.69	7.96	3.89
EBIT Margin %	8.9	9.57	8.49	7.71	3.26
Income From Continuing Operations Margin %	40.06	6.98	3.33	2.64	0.31
Net Income Margin %	40.06	6.98	3.33	2.64	0.31
Net Avail. For Common Margin %	40.06	6.98	3.33	2.64	0.31
Normalized Net Income Margin	5.62	6.33	5.02	4.44	1.03
Levered Free Cash Flow Margin	3.23	-1.11	-1.56	-3.2	-2.08
Unlevered Free Cash Flow Margin	3.23	-1.11	-1.56	-2.84	-1.21
Asset Turnover
Asset Turnover	1.15	0.97	1.01	0.91	0.74
Fixed Assets Turnover	15.31	22.31	29.31	32.39	25.75
Receivables Turnover (Average Receivables)	3.47	2.96	2.48	2.01	1.63
Inventory Turnover (Average Inventory)	8.59	7.45	7.39	5.5	4.04
Short Term Liquidity
Current Ratio	1.77	1.98	1.83	1.85	1.64
Quick Ratio	1.39	1.6	1.4	1.47	1.26
Operating Cash Flow to Current Liabilities	0.18	0.03	-0.01	0.14	0.02
Days Sales Outstanding (Average Receivables)	104.87	122.96	146.65	181.35	223.93
Days Outstanding Inventory (Average Inventory)	42.36	48.89	49.28	66.13	90.17
Average Days Payable Outstanding	64.42	69.45	81.74	95.3	138.39
Cash Conversion Cycle (Average Days)	82.8	102.4	114.19	152.18	175.72
Long Term Solvency
Total Debt/Equity	2.18	1.45	1.25	20.39	34.55
Total Debt / Total Capital	2.13	1.43	1.23	16.94	25.68
LT Debt/Equity	1.76	1.2	0.97	19.06	27.06
Long-Term Debt / Total Capital	1.72	1.18	0.96	15.83	20.11
Total Liabilities / Total Assets	38.41	37.71	39.62	52.19	58.44
EBIT / Interest Expense	-	-	-	13.47	2.34
EBITDA / Interest Expense	-	-	-	17.5	4.94
(EBITDA - Capex) / Interest Expense	-	-	-	16.35	2.8
Total Debt / EBITDA	0.12	0.08	0.07	1.28	3.04
Net Debt / EBITDA	-1.33	-1.21	-0.5	-0.3	1.04
Total Debt / (EBITDA - Capex)	0.13	0.08	0.08	1.37	5.37
Net Debt / (EBITDA - Capex)	-1.46	-1.28	-0.58	-0.33	1.84
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.2	10.2	14.4	18.48	6.5
Gross Profit, 1 Yr. Growth %	21.16	6.45	13.67	18.26	-3.66
EBITDA, 1 Yr. Growth %	152.78	11.99	6.44	7.84	-39.03
EBITA, 1 Yr. Growth %	229.62	18.39	3.94	14.59	-47.97
EBIT, 1 Yr. Growth %	229.62	18.39	1.51	13.88	-54.92
Earnings From Cont. Operations, 1 Yr. Growth %	42.76K	-80.79	-45.52	5.81	-87.54
Net Income, 1 Yr. Growth %	42.76K	-80.79	-45.52	5.81	-87.54
Normalized Net Income, 1 Yr. Growth %	218.52	24.13	-0.75	11.32	-75.19
Diluted EPS Before Extra, 1 Yr. Growth %	47K	-81	-45.81	0	-88.37
Accounts Receivable, 1 Yr. Growth %	17.75	38.96	34.63	57.22	15.15
Inventory, 1 Yr. Growth %	63.27	9.26	21.67	86.27	34.87
Net Property, Plant and Equip., 1 Yr. Growth %	-23.88	-24.95	3.09	9.86	55.92
Total Assets, 1 Yr. Growth %	65.55	8.82	12.53	47.39	18.32
Tangible Book Value, 1 Yr. Growth %	166.94	10.05	2.08	14.39	-7.43
Common Equity, 1 Yr. Growth %	166.94	10.05	9.09	16.98	2.85
Cash From Operations, 1 Yr. Growth %	-1.11	-83.88	-158.95	-1.96K	-81.27
Capital Expenditures, 1 Yr. Growth %	-38.22	-37.06	197.71	-49.86	384.86
Levered Free Cash Flow, 1 Yr. Growth %	-26.75	-137.76	61.02	158.3	-30.81
Unlevered Free Cash Flow, 1 Yr. Growth %	-26.95	-137.76	61.02	145.55	-54.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.18	12.67	12.28	16.06	12.33
Gross Profit, 2 Yr. CAGR %	13.78	13.57	10	15.11	6.74
EBITDA, 2 Yr. CAGR %	113.17	68.26	9.18	4.41	-18.91
EBITA, 2 Yr. CAGR %	241.11	97.54	10.93	5.84	-22.79
EBIT, 2 Yr. CAGR %	241.11	97.54	9.63	4.2	-28.35
Earnings From Cont. Operations, 2 Yr. CAGR %	236.31	807.38	-67.65	-28.69	-63.69
Net Income, 2 Yr. CAGR %	236.31	807.38	-67.65	-28.69	-63.69
Normalized Net Income, 2 Yr. CAGR %	228.78	98.84	6.16	-2.81	-45.65
Diluted EPS Before Extra, 2 Yr. CAGR %	229.05	846.04	-67.91	-30.69	-65.9
Accounts Receivable, 2 Yr. CAGR %	3.66	27.91	36.78	44.5	34.55
Inventory, 2 Yr. CAGR %	61.71	33.56	15.3	51.39	58.5
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.17	-24.42	-12.04	6.42	30.88
Total Assets, 2 Yr. CAGR %	32.64	34.22	10.66	28.55	32.06
Tangible Book Value, 2 Yr. CAGR %	60.11	71.39	5.99	7.7	2.9
Common Equity, 2 Yr. CAGR %	60.11	71.39	9.57	12.62	9.69
Cash From Operations, 2 Yr. CAGR %	142.4	-60.07	-69.17	230.91	86.55
Capital Expenditures, 2 Yr. CAGR %	-26.33	-37.64	36.89	22.18	55.92
Levered Free Cash Flow, 2 Yr. CAGR %	-6.16	-47.48	-22.02	97.47	33.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	-5.86	-47.48	-22.02	86.1	5.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.27	7.5	13.25	14.07	12.78
Gross Profit, 3 Yr. CAGR %	8.43	11.28	13.6	12.15	8.48
EBITDA, 3 Yr. CAGR %	56.47	72.01	44.44	6.88	-12.73
EBITA, 3 Yr. CAGR %	111.27	139.72	59.48	9.87	-16.47
EBIT, 3 Yr. CAGR %	111.27	139.72	58.23	8.73	-21.19
Earnings From Cont. Operations, 3 Yr. CAGR %	263.03	29.52	255.31	-53.94	-60.13
Net Income, 3 Yr. CAGR %	290.82	29.52	255.31	-53.94	-60.13
Normalized Net Income, 3 Yr. CAGR %	138.84	137.63	53.12	5.45	-38.35
Diluted EPS Before Extra, 3 Yr. CAGR %	285.05	27.19	264.68	-54.97	-61.77
Accounts Receivable, 3 Yr. CAGR %	14.38	14.3	30.11	42.63	33.97
Inventory, 3 Yr. CAGR %	2.94	41.9	29.47	35.79	45.67
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.33	-12.28	-16.18	-5.27	20.87
Total Assets, 3 Yr. CAGR %	24.01	24.17	26.56	21.6	25.04
Tangible Book Value, 3 Yr. CAGR %	47.17	41.3	44.2	8.48	2.4
Common Equity, 3 Yr. CAGR %	47.17	41.3	47.43	11.75	9.26
Cash From Operations, 3 Yr. CAGR %	28.2	-1.79	-54.53	20.86	27.06
Capital Expenditures, 3 Yr. CAGR %	-24.3	-30.1	5	-2.06	93.43
Levered Free Cash Flow, 3 Yr. CAGR %	16.08	-30.72	-23.7	13.77	39.22
Unlevered Free Cash Flow, 3 Yr. CAGR %	15.96	-30.57	-23.7	9.36	16.16
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.46	4.61	7.4	10.85	12.74
Gross Profit, 5 Yr. CAGR %	10.7	7.68	9.05	12.8	10.48
EBITDA, 5 Yr. CAGR %	10.24	43.78	35.5	40.87	13.48
EBITA, 5 Yr. CAGR %	-0.41	135.99	63.28	72.86	17.86
EBIT, 5 Yr. CAGR %	-0.41	135.99	62.51	71.78	13.82
Earnings From Cont. Operations, 5 Yr. CAGR %	29.55	102.53	38.02	2.02	39.16
Net Income, 5 Yr. CAGR %	29.79	91.44	44.26	2.02	39.16
Normalized Net Income, 5 Yr. CAGR %	-1.4	113.7	72.68	66.18	-1.52
Diluted EPS Before Extra, 5 Yr. CAGR %	26.51	86.19	42.51	-0.23	37.97
Accounts Receivable, 5 Yr. CAGR %	4.55	15.44	22.86	25.54	31.51
Inventory, 5 Yr. CAGR %	-3.91	2.8	7.72	45.62	40.7
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.1	-6.62	-6.91	-5.23	0.18
Total Assets, 5 Yr. CAGR %	12.37	16.25	18.49	25.9	28.64
Tangible Book Value, 5 Yr. CAGR %	28.12	30.26	29.06	26.76	25.83
Common Equity, 5 Yr. CAGR %	28.12	30.26	30.79	29.04	30.82
Cash From Operations, 5 Yr. CAGR %	117.42	-21.58	-27.5	59.66	-20.03
Capital Expenditures, 5 Yr. CAGR %	12.58	-14.93	-4.06	-12.6	22.99
Levered Free Cash Flow, 5 Yr. CAGR %	-10.15	-20.84	-1	5.33	-5.74
Unlevered Free Cash Flow, 5 Yr. CAGR %	-10.23	-20.88	-1.06	2.99	-15.44