Cash flow Bittnet Systems SA

Stocks

BNET

ROBNETACNOR1

IT Services & Consulting

End-of-day quote Bucharest S.E. 2026-10-01			5-day change	1st Jan Change
0.1430 ^RON	-2.39%		-2.05%	+25.44%

08-28	Bittnet Systems SA Reports Earnings Results for the Half Year Ended June 30, 2026	CI
06-21	Digmatix AS agreed to acquire Elian Solutions SRL from Bittnet Systems SA, Iulian Motoi and Mihaela Ivancuta for ?6 million.	CI

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Published financial data: BITTNET SYSTEMS SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Revenues	113M	192M	376M	404M	394M
Total Revenues	113M	192M	376M	404M	394M
Cost of Goods Sold, Total	88.18M	149M	309M	330M	333M
Gross Profit	24.39M	42.74M	66.14M	74.11M	61.02M
Selling General & Admin Expenses, Total	22.2M	38.79M	60.17M	64.83M	60.94M
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	-2.7M	-2.25M	-	-	-
Other Operating Expenses, Total	19.49M	36.54M	60.17M	64.83M	60.94M
Operating Income	4.9M	6.2M	5.98M	9.28M	75.4K
Interest Expense, Total	-3.26M	-4.34M	-6.68M	-6.88M	-7.19M
Interest And Investment Income	2.36M	90.61K	547K	461K	641K
Net Interest Expenses	-901K	-4.25M	-6.13M	-6.41M	-6.55M
Income (Loss) On Equity Invest.	773K	274K	-121K	-39.54K	-43.35K
Currency Exchange Gains (Loss)	279K	35.34K	-389K	267K	-1.38M
Other Non Operating Income (Expenses)	-19.28K	-1.35K	4.77M	2.36M	3.2M
EBT, Excl. Unusual Items	5.03M	2.26M	4.11M	5.45M	-4.7M
Merger & Related Restructuring Charges	-	-1.65M	-690K	-45.51K	-
Impairment of Goodwill	-	-495K	-	-	-
Gain (Loss) On Sale Of Investments	9.74M	-3.41M	-2.07M	-5.61M	-1.17M
Gain (Loss) On Sale Of Assets	-	1.23M	390K	-	-
Asset Writedown	-	-	-	-650K	-
Other Unusual Items	1.38M	-	-	-	-
EBT, Incl. Unusual Items	16.15M	-2.07M	1.74M	-854K	-5.87M
Income Tax Expense	1.73M	123K	911K	1.52M	-716K
Earnings From Continuing Operations	14.42M	-2.19M	824K	-2.38M	-5.15M
Earnings Of Discontinued Operations	-	-	-	11.5M	-
Net Income to Company	14.42M	-2.19M	824K	9.12M	-5.15M
Minority Interest	-702K	-3.17M	-5.43M	-3.78M	-913K
Net Income - (IS)	13.72M	-5.36M	-4.6M	5.33M	-6.06M
Net Income to Common Incl Extra Items	13.72M	-5.36M	-4.6M	5.33M	-6.06M
Net Income to Common Excl. Extra Items	13.72M	-5.36M	-4.6M	-6.16M	-6.06M
Per Share Items
Net EPS - Basic	0.03	-0.01	-0.01	0.01	-0.01
Basic EPS - Continuing Operations	0.03	-0.01	-0.01	-0.01	-0.01
Basic Weighted Average Shares Outstanding	522M	512M	608M	634M	634M
Net EPS - Diluted	0.02	-0.01	-0.01	0.01	-0.01
Diluted EPS - Continuing Operations	0.02	-0.01	-0.01	-0.01	-0.01
Diluted Weighted Average Shares Outstanding	593M	512M	608M	634M	634M
Normalized Basic EPS	0	-0	-0	-0	-0.01
Normalized Diluted EPS	0	-0	-0	-0	-0.01
Payout Ratio	-	-	-	72.93	-
Supplemental Items
EBITDA	7.29M	7.16M	8.91M	13.11M	3.05M
EBITA	5.97M	7.37M	6.89M	10.4M	1.09M
EBIT	4.9M	6.2M	5.98M	9.28M	75.4K
EBITDAR	7.68M	7.85M	9.49M	13.46M	3.47M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	10.72	-5.96	52.53	-178.4	12.21
Total Current Taxes	1.23M	1.1M	3.4M	1.82M	718K
Total Deferred Taxes	449K	-1.08M	-2.52M	-292K	-1.43M
Normalized Net Income	2.44M	-1.76M	-2.86M	-377K	-3.85M
Interest on Long-Term Debt	2.74M	3.04M	3.79M	4.31M	4.72M
Supplemental Operating Expense Items
Advertising Expense	1.81M	2.11M	3.03M	2.2M	2.35M
Selling and Marketing Expenses	9.55M	13.79M	18.43M	20.8M	19.62M
General and Administrative Expenses	12.25M	24.31M	41.16M	43.68M	40.9M
Net Rental Expense, Total	396K	694K	575K	353K	418K
Imputed Operating Lease Interest Expense	251K	401K	380K	241K	297K
Imputed Operating Lease Depreciation	145K	293K	195K	111K	121K
Stock-Based Comp., Other (Total)	1.07M	890K	1.07M	1.04M	312K
Total Stock-Based Compensation	1.07M	890K	1.07M	1.04M	312K

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Assets
Cash And Equivalents	23.4M	42.3M	70.01M	73.36M	116M
Short Term Investments	17.92M	13.79M	11.36M	-	3.46M
Trading Asset Securities, Total	-	-	-	5.71M	-
Total Cash And Short Term Investments	41.32M	56.09M	81.37M	79.07M	120M
Accounts Receivable, Total	32.64M	60.7M	79.56M	106M	121M
Other Receivables	-	-	-	18.14M	12.89M
Total Receivables	32.64M	60.7M	79.56M	124M	134M
Inventory	1.18M	2.78M	4.23M	20.14M	3.65M
Other Current Assets, Total	-	-	-	-	16.68M
Total Current Assets	75.15M	120M	165M	223M	274M
Gross Property Plant And Equipment	5.06M	33.75M	46.21M	37.28M	34.93M
Accumulated Depreciation	-2.71M	-5.94M	-13.51M	-7.8M	-9.64M
Net Property Plant And Equipment	2.35M	27.81M	32.7M	29.47M	25.29M
Long-term Investments	2M	2.92M	2.8M	1.27M	6.23M
Goodwill	41.71M	57.53M	89.4M	67.95M	64.53M
Other Intangibles, Total	9.22M	9.08M	9.65M	8.66M	8.77M
Deferred Tax Assets Long-Term	47.26K	1.27M	3.8M	4.17M	5.59M
Other Long-Term Assets, Total	2.04M	2.43M	696K	379K	316K
Total Assets	133M	221M	304M	335M	385M
Liabilities
Accounts Payable, Total	41.34M	58.6M	126M	137M	206M
Accrued Expenses, Total	-	4.77M	-	9.36M	6.5M
Current Portion of Long-Term Debt	4.75M	39.19M	8.59M	16.14M	22.74M
Current Portion of Leases	541K	4.69M	6.42M	6.42M	6.8M
Current Income Taxes Payable	295K	284K	623K	795K	421K
Unearned Revenue Current, Total	-	699K	-	19.04M	17.31M
Other Current Liabilities	9.99K	14.79M	3.27M	8.7M	8.96M
Total Current Liabilities	46.94M	123M	145M	197M	269M
Long-Term Debt	30.37M	20.78M	43.32M	43.24M	34.42M
Long-Term Leases	677K	19.29M	19.18M	17.48M	14.93M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	624K	1	5M	1	-
Total Liabilities	78.61M	163M	213M	258M	318M
Common Stock, Total	48.04M	52.85M	63.42M	63.42M	63.42M
Additional Paid In Capital	14.54M	9.74M	31.93M	31.93M	31.93M
Retained Earnings	9.24M	2.47M	-2.4M	3.69M	-2.55M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-19.08M	-11.39M	-5.83M	-28.67M	-31.75M
Total Common Equity	52.74M	53.67M	87.13M	70.37M	61.05M
Minority Interest	1.16M	3.82M	4.49M	6.83M	5.47M
Total Equity	53.91M	57.49M	91.61M	77.2M	66.52M
Total Liabilities And Equity	133M	221M	304M	335M	385M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	528M	634M	625M	634M	634M
ECS Total Common Shares Outstanding	528M	528M	625M	630M	634M
Book Value / Share	0.1	0.1	0.14	0.11	0.1
Tangible Book Value	1.82M	-12.93M	-11.93M	-6.24M	-12.25M
Tangible Book Value Per Share	0	-0.02	-0.02	-0.01	-0.02
Total Debt	36.34M	83.95M	77.51M	83.29M	78.87M
Net Debt	-4.98M	27.86M	-3.86M	4.22M	-40.97M
Debt Equivalent Oper. Leases	3.16M	5.55M	4.6M	2.82M	3.35M
Minority Interest, Total (Incl. Fin. Div)	1.16M	3.82M	4.49M	6.83M	5.47M
Equity Method Investments, Total	2M	2.92M	2.8M	1.27M	6.23M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	142K	88.95K	253K	90.33K	79.69K
Inventories - Work In Process, Total	-	-	-	15.32M	-
Inventories - Finished Goods, Total	1.04M	2.69M	3.97M	4.72M	3.57M
Machinery, Total	4.7M	10.1M	18.62M	10.23M	10.41M
Full Time Employees	120	400	400	297	230
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	699K	713K

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Net Income	13.72M	-5.36M	-4.6M	5.33M	-6.06M
Depreciation & Amortization - CF	1.32M	3.25M	8.13M	9.61M	9.1M
Amortization of Goodwill and Intangible Assets - (CF)	1.07M	1.17M	918K	1.13M	1.01M
Depreciation & Amortization, Total	2.39M	4.42M	9.05M	10.74M	10.11M
(Gain) Loss on Sale of Investments - (CF)	-11.99M	3.41M	2.07M	4.18M	-917K
Asset Writedown & Restructuring Costs	-	495K	-	2.08M	-
(Income) Loss On Equity Investments - (CF)	-773K	-274K	121K	39.54K	43.35K
Stock-Based Compensation (CF)	1.07M	890K	1.07M	1.04M	312K
Provision and Write-off of Bad Debts	46.46K	199K	285K	-7.1K	946K
Net Cash From Discontinued Operations	-	-	-	-10.67M	-
Other Operating Activities, Total	4.83M	7.8M	9.76M	10.07M	5.51M
Change In Accounts Receivable	-1.34M	-15.17M	32.57M	-58.62M	-18.88M
Change In Inventories	-27.75K	2.24M	38.97M	-619K	1.58M
Change In Accounts Payable	-4.15M	19.34M	-28.35M	58.43M	-
Change in Other Net Operating Assets	-	-	-	-	69.91M
Cash from Operations	3.78M	18M	60.93M	22M	62.54M
Capital Expenditure	-1.63M	-4.05M	-1.71M	-2.02M	-1.79M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-9M	-15.02M	-28.3M	-	-4.98M
Divestitures	-	-	-	13.86M	11.07M
Investment in Marketable and Equity Securities, Total	4.95M	10.25M	-547K	1.47M	-4.84M
Other Investing Activities, Total	568K	486K	-21.43K	709K	1.3M
Cash from Investing	-5.11M	-8.34M	-30.58M	14.02M	747K
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	19.56M	24.64M	17.24M	2.34M
Total Debt Issued	-	19.56M	24.64M	17.24M	2.34M
Long-Term Debt Repaid, Total	-7.71M	-2.96M	-56.5M	-16.99M	-12.14M
Total Debt Repaid	-7.71M	-2.96M	-56.5M	-16.99M	-12.14M
Issuance of Common Stock	10.48M	-	35.81M	2.86M	-
Repurchase of Common Stock	-	-2.6M	-	-766K	-3.39M
Common Dividends Paid	-	-	-	-3.89M	-
Common & Preferred Stock Dividends Paid	-	-	-	-3.89M	-
Other Financing Activities, Total	-2.91M	-4.76M	-6.58M	-31.06M	-7.07M
Cash from Financing	-136K	9.25M	-2.64M	-32.61M	-20.26M
Miscellaneous Cash Flow Adjustments	-	-1	-	-71.32K	-1
Net Change in Cash	-1.47M	18.9M	27.71M	3.34M	43.03M
Supplemental Items
Cash Interest Paid	2.87M	3.33M	5.97M	6.58M	6.54M
Cash Income Tax Paid (Refund)	979K	1.39M	3.69M	1.99M	1.08M
Levered Free Cash Flow	13.29M	9.67M	38.59M	-4.54M	58.87M
Unlevered Free Cash Flow	15.32M	12.38M	42.76M	-245K	63.36M
Change In Net Working Capital	-10.43M	-7.24M	-30.61M	15.8M	-54.69M
Net Debt Issued / Repaid	-7.71M	16.61M	-31.87M	252K	-9.8M

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Profitability
Return on Assets	2.61	2.2	1.42	1.84	0.01
Return on Total Capital	3.74	3.37	2.4	3.63	0.03
Return On Equity %	35.37	-3.99	1.1	-3	-7.17
Return on Common Equity	34.25	-10.21	-6.54	-8.61	-9.23
Margin Analysis
Gross Profit Margin %	21.67	22.24	17.61	18.34	15.48
SG&A Margin	19.72	20.19	16.02	16.04	15.46
EBITDA Margin %	6.48	3.72	2.37	3.24	0.77
EBITA Margin %	5.3	3.84	1.84	2.57	0.28
EBIT Margin %	4.35	3.23	1.59	2.3	0.02
Income From Continuing Operations Margin %	12.81	-1.14	0.22	-0.59	-1.31
Net Income Margin %	12.19	-2.79	-1.23	1.32	-1.54
Net Avail. For Common Margin %	12.19	-2.79	-1.23	-1.52	-1.54
Normalized Net Income Margin	2.17	-0.91	-0.76	-0.09	-0.98
Levered Free Cash Flow Margin	11.8	5.03	10.28	-1.12	14.93
Unlevered Free Cash Flow Margin	13.61	6.44	11.39	-0.06	16.07
Asset Turnover
Asset Turnover	0.96	1.09	1.43	1.28	1.1
Fixed Assets Turnover	28.88	12.74	12.41	13	14.4
Receivables Turnover (Average Receivables)	3.58	4.14	5.35	4.91	3.47
Inventory Turnover (Average Inventory)	75.3	75.4	88.34	21.14	78.78
Short Term Liquidity
Current Ratio	1.6	0.97	1.14	1.13	1.02
Quick Ratio	1.58	0.95	1.11	1.03	0.94
Operating Cash Flow to Current Liabilities	0.08	0.15	0.42	0.11	0.23
Days Sales Outstanding (Average Receivables)	102.09	88.06	68.16	74.56	105.08
Days Outstanding Inventory (Average Inventory)	4.85	4.84	4.13	17.31	4.63
Average Days Payable Outstanding	145	120.78	108.49	125.35	188.54
Cash Conversion Cycle (Average Days)	-38.06	-27.88	-36.2	-33.47	-78.82
Long Term Solvency
Total Debt/Equity	67.42	146.02	84.61	107.89	118.57
Total Debt / Total Capital	40.27	59.35	45.83	51.9	54.25
LT Debt/Equity	57.6	69.69	68.22	78.66	74.18
Long-Term Debt / Total Capital	34.4	28.33	36.96	37.84	33.94
Total Liabilities / Total Assets	59.32	73.94	69.88	76.97	82.72
EBIT / Interest Expense	1.51	1.43	0.89	1.35	0.01
EBITDA / Interest Expense	2.24	2.45	2.25	2.91	1.42
(EBITDA - Capex) / Interest Expense	1.74	1.51	1.99	2.62	1.17
Total Debt / EBITDA	4.99	7.9	5.16	4.16	7.74
Net Debt / EBITDA	-0.68	2.62	-0.26	0.21	-4.02
Total Debt / (EBITDA - Capex)	6.42	12.78	5.82	4.63	9.4
Net Debt / (EBITDA - Capex)	-0.88	4.24	-0.29	0.23	-4.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.1	74.98	95.43	12.54	-2.44
Gross Profit, 1 Yr. Growth %	13.64	75.22	54.74	17.61	-17.67
EBITDA, 1 Yr. Growth %	45.62	13.39	81.62	34.44	-76.74
EBITA, 1 Yr. Growth %	30.04	25	34.61	39.81	-89.55
EBIT, 1 Yr. Growth %	12.52	28.37	51.24	42.21	-99.19
Earnings From Cont. Operations, 1 Yr. Growth %	1.31K	-116.84	-137.57	70.88	116.61
Net Income, 1 Yr. Growth %	1.43K	-143.5	-14.07	-184.87	-213.65
Normalized Net Income, 1 Yr. Growth %	3.51K	-277	62.95	-93.57	-279.99
Diluted EPS Before Extra, 1 Yr. Growth %	1.34K	-150.52	-27.54	-30.53	-1.2
Accounts Receivable, 1 Yr. Growth %	7.63	89.52	31.08	80.35	14.32
Inventory, 1 Yr. Growth %	2.41	134.44	52.16	81.65	-24.19
Net Property, Plant and Equip., 1 Yr. Growth %	-56.78	1.08K	17.59	-9.87	-14.2
Total Assets, 1 Yr. Growth %	29.47	68.25	37.9	14.05	14.83
Tangible Book Value, 1 Yr. Growth %	-172.25	-1.06K	-7.8	-60.71	96.2
Common Equity, 1 Yr. Growth %	92.55	4.54	62.34	-3.4	-13.24
Cash From Operations, 1 Yr. Growth %	-53.46	376.22	238.6	-63.8	185.23
Capital Expenditures, 1 Yr. Growth %	69.95	149.11	-57.8	17.93	-11.05
Levered Free Cash Flow, 1 Yr. Growth %	-1.06K	-30.28	367.17	-111.65	-1.4K
Unlevered Free Cash Flow, 1 Yr. Growth %	1.55K	-22.13	289.64	-100.57	-25.97K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.17	32.66	84.92	45.02	4.78
Gross Profit, 2 Yr. CAGR %	21.79	41.11	64.66	31.67	-1.6
EBITDA, 2 Yr. CAGR %	118.56	19.57	18.83	63.45	-44.08
EBITA, 2 Yr. CAGR %	72.31	26.73	8.13	42.54	-61.78
EBIT, 2 Yr. CAGR %	52.51	19.3	11.23	53.24	-89.25
Earnings From Cont. Operations, 2 Yr. CAGR %	79.87	46.25	-74.85	4.12	92.39
Net Income, 2 Yr. CAGR %	73.07	144.68	-38.86	-0.23	-1.79
Normalized Net Income, 2 Yr. CAGR %	-14.38	409.5	69.83	-53.66	-19.02
Diluted EPS Before Extra, 2 Yr. CAGR %	54.57	155.73	-39.5	-3.61	-17.15
Accounts Receivable, 2 Yr. CAGR %	0.61	41.46	57.61	32.1	43.59
Inventory, 2 Yr. CAGR %	-32.06	54.95	88.87	169.23	-42.64
Net Property, Plant and Equip., 2 Yr. CAGR %	-40.93	126.02	272.82	2.95	-12.06
Total Assets, 2 Yr. CAGR %	21.5	46.81	52.32	23.26	14.44
Tangible Book Value, 2 Yr. CAGR %	-63.87	126.88	197.53	-30.53	-12.2
Common Equity, 2 Yr. CAGR %	127.18	39.98	30.27	14.5	-8.45
Cash From Operations, 2 Yr. CAGR %	-33.33	48.87	301.56	10.57	1.45
Capital Expenditures, 2 Yr. CAGR %	34.93	105.76	2.53	-29.46	2.42
Levered Free Cash Flow, 2 Yr. CAGR %	13.97	164.23	66.84	-25.84	22.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	9.76	264.89	64	-85.06	21.25
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	32.96	25.16	50.95	54.39	27.07
Gross Profit, 3 Yr. CAGR %	40.06	37.49	45.52	44.83	12.6
EBITDA, 3 Yr. CAGR %	134.61	67.38	21.2	27.59	-14.67
EBITA, 3 Yr. CAGR %	132.26	54.2	14.53	20.84	-40.35
EBIT, 3 Yr. CAGR %	133.46	43.29	11.11	24.31	-73.28
Earnings From Cont. Operations, 3 Yr. CAGR %	48.46	-21.07	-7.03	-43.27	32.92
Net Income, 3 Yr. CAGR %	46.42	5.37	72.63	-24.35	4.19
Normalized Net Income, 3 Yr. CAGR %	91.7	-19.23	248.43	-27.56	29.87
Diluted EPS Before Extra, 3 Yr. CAGR %	28.45	2.65	67.96	-22.28	-2.81
Accounts Receivable, 3 Yr. CAGR %	12.76	23.47	37.91	48.99	25.89
Inventory, 3 Yr. CAGR %	24.23	2.66	54.01	157.1	9.51
Net Property, Plant and Equip., 3 Yr. CAGR %	5.49	60.37	81.78	132.25	-3.12
Total Assets, 3 Yr. CAGR %	30.91	34.95	43.78	36.73	20.38
Tangible Book Value, 3 Yr. CAGR %	-26.34	-2.39	68.05	66.72	-1.8
Common Equity, 3 Yr. CAGR %	56.35	73.82	47.07	11.08	4.39
Cash From Operations, 3 Yr. CAGR %	3.61	28.39	95.78	79.89	51.48
Capital Expenditures, 3 Yr. CAGR %	-39.68	65.53	21.34	7.42	-23.79
Levered Free Cash Flow, 3 Yr. CAGR %	5.05	-1.88	203.2	-31.06	92.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.95	-0.9	258.27	-75.12	79.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	52.45	47.16	50.97	32.75	29.28
Gross Profit, 5 Yr. CAGR %	24.62	41.51	49.43	35.13	23.24
EBITDA, 5 Yr. CAGR %	32.22	-	73.65	53.74	-9.44
EBITA, 5 Yr. CAGR %	28.71	25.76	70.65	38.93	-25.03
EBIT, 5 Yr. CAGR %	23.74	21.49	73.04	34.51	-55.57
Earnings From Cont. Operations, 5 Yr. CAGR %	65.59	12.71	-28.5	-11.82	38.1
Net Income, 5 Yr. CAGR %	63.94	34.76	1.05	3.09	46.6
Normalized Net Income, 5 Yr. CAGR %	23.55	14	52.51	-35.33	124.37
Diluted EPS Before Extra, 5 Yr. CAGR %	23.75	-	-7.01	0.1	43.11
Accounts Receivable, 5 Yr. CAGR %	34.2	31.55	28.43	26.85	31.9
Inventory, 5 Yr. CAGR %	23.71	47.65	46.89	50.98	25.82
Net Property, Plant and Equip., 5 Yr. CAGR %	249.66	125.61	74.8	34.31	35.96
Total Assets, 5 Yr. CAGR %	64.11	48.16	38.79	30.15	30.33
Tangible Book Value, 5 Yr. CAGR %	-8.94	31.73	21.3	-14.8	37.27
Common Equity, 5 Yr. CAGR %	76.51	55.2	44.56	47.09	17.39
Cash From Operations, 5 Yr. CAGR %	-	-	78.13	20.94	50.43
Capital Expenditures, 5 Yr. CAGR %	-	-	-25.42	17.68	13.38
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	27.48	-14.99	111.7
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	32.09	-54.61	132.64