Suspension of trading

Income Statement Emcore Corporation

Stocks

EMKR

US2908464017

Aerospace & Defense

Market Closed - Nasdaq Other stock markets 16:30:00 2025-02-28 EST			5-day change	1st Jan Change
3.095 ^USD	+0.81%		-.--%	-

25-03-04	Emcore Corporation(NasdaqCM:EMKR) dropped from S&P TMI Index	CI
25-02-28	Emcore Corporation Announces Board Cessations	CI

1ab25dee97747d0e6ea0.U8SUUGfTSyf2bBALOpXeyIrMffKJVe7OSQjFpgsra5c.I6fCPiz-ARSDWVRtD9q4pOC7KMXEM6SmIX2V-TlAHeMe_dY8DOQlV6dBJA

Published financial data: EMCORE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2020	2021	2022	2023	2024
Revenues	110M	158M	124M	97.72M	85.9M
Total Revenues	110M	158M	124M	97.72M	85.9M
Cost of Goods Sold, Total	74.55M	96.96M	94.41M	74.32M	67.08M
Gross Profit	35.58M	61.49M	29.72M	23.39M	18.82M
Selling General & Admin Expenses, Total	24M	24.44M	27.44M	28.43M	22.28M
R&D Expenses	20.27M	17.45M	18.54M	17.91M	12.92M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	44.27M	41.89M	45.98M	46.34M	35.2M
Operating Income	-8.69M	19.6M	-16.26M	-22.95M	-16.38M
Interest Expense, Total	-304K	-	-139K	-751K	-1.2M
Interest And Investment Income	200K	466K	-	-	-
Net Interest Expenses	-104K	466K	-139K	-751K	-1.2M
Currency Exchange Gains (Loss)	198K	207K	-352K	-1K	-
Other Non Operating Income (Expenses)	-	-	-	121K	1.88M
EBT, Excl. Unusual Items	-8.6M	20.27M	-16.75M	-23.58M	-15.7M
Restructuring Charges	-626K	-100K	-1.35M	-27K	-5.14M
Merger & Related Restructuring Charges	-	-	-6.1M	-4.3M	1.7M
Impairment of Goodwill	-	-	-	-19.04M	-
Gain (Loss) On Sale Of Assets	2.28M	-515K	2.68M	1.15M	-18K
Asset Writedown	-	-	-2.96M	-2.77M	-3.01M
In Process R&D Expenses	-	-	-	-800K	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	6.56M	-	-	-4.66M
EBT, Incl. Unusual Items	-6.94M	26.22M	-24.47M	-49.37M	-26.82M
Income Tax Expense	60K	572K	-139K	42K	29K
Earnings From Continuing Operations	-7M	25.64M	-24.33M	-49.41M	-26.85M
Earnings Of Discontinued Operations	-	-	-	-25.95M	-4.39M
Net Income to Company	-7M	25.64M	-24.33M	-75.36M	-31.24M
Net Income - (IS)	-7M	25.64M	-24.33M	-75.36M	-31.24M
Net Income to Common Incl Extra Items	-7M	25.64M	-24.33M	-75.36M	-31.24M
Net Income to Common Excl. Extra Items	-7M	25.64M	-24.33M	-49.41M	-26.85M
Per Share Items
Net EPS - Basic	-2.4	7.54	-6.53	-14.63	-3.46
Basic EPS - Continuing Operations	-2.4	7.54	-6.53	-9.59	-2.98
Basic Weighted Average Shares Outstanding	2.91M	3.4M	3.73M	5.15M	9.02M
Net EPS - Diluted	-2.4	7.2	-6.53	-14.64	-3.47
Diluted EPS - Continuing Operations	-2.4	7.2	-6.53	-9.6	-2.98
Diluted Weighted Average Shares Outstanding	2.91M	3.58M	3.73M	5.15M	9.02M
Normalized Basic EPS	-1.84	3.72	-2.81	-2.86	-1.09
Normalized Diluted EPS	-1.84	3.54	-2.81	-2.86	-1.09
Supplemental Items
EBITDA	-3.21M	23.66M	-11.48M	-18.1M	-10.88M
EBITA	-8.66M	19.64M	-16.17M	-22.81M	-16.14M
EBIT	-8.69M	19.6M	-16.26M	-22.95M	-16.38M
EBITDAR	-1.31M	25.86M	-8.58M	-14.4M	-7.28M
Effective Tax Rate - (Ratio)	-0.86	2.18	0.57	-0.08	-0.11
Current Domestic Taxes	128K	990K	-162K	65K	29K
Current Foreign Taxes	-	-418K	-	-	-
Total Current Taxes	128K	572K	-162K	65K	29K
Deferred Domestic Taxes	-68K	-	23K	-23K	-
Total Deferred Taxes	-68K	-	23K	-23K	-
Normalized Net Income	-5.37M	12.67M	-10.47M	-14.74M	-9.81M
Non-Cash Pension Expense	-	-	-18K	35K	64K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	20.27M	17.45M	18.54M	18.71M	12.92M
Net Rental Expense, Total	1.9M	2.2M	2.9M	3.7M	3.6M
Imputed Operating Lease Interest Expense	346K	-	121K	599K	1.22M
Imputed Operating Lease Depreciation	1.55M	-	2.78M	3.1M	2.38M
Stock-Based Comp., COGS (Total)	692K	767K	952K	1.74M	97K
Stock-Based Comp., R&D Exp. (Total)	669K	823K	831K	3.82M	371K
Stock-Based Comp., SG&A Exp. (Total)	2.16M	2.59M	3.59M	1.32M	80K
Stock-Based Comp., Other (Total)	1K	-	-	-	-
Total Stock-Based Compensation	3.52M	4.18M	5.37M	6.89M	548K

Fiscal Period: September	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	30.39M	71.62M	25.62M	26.21M	10.29M
Total Cash And Short Term Investments	30.39M	71.62M	25.62M	26.21M	10.29M
Accounts Receivable, Total	26.89M	32.21M	22.63M	23.98M	15.52M
Total Receivables	26.89M	32.21M	22.63M	23.98M	15.52M
Inventory	25.52M	32.31M	37.04M	28.9M	25.06M
Prepaid Expenses	5.59M	6.88M	7.12M	4.61M	3.5M
Restricted Cash	148K	61K	520K	495K	495K
Other Current Assets, Total	1.57M	1.24M	-	8.19M	137K
Total Current Assets	90.11M	144M	92.94M	92.39M	55.02M
Gross Property Plant And Equipment	67.85M	72.08M	97.21M	69.97M	33.62M
Accumulated Depreciation	-32.23M	-36.05M	-36.1M	-32.89M	-7.66M
Net Property Plant And Equipment	35.62M	36.03M	61.11M	37.08M	25.96M
Goodwill	69K	69K	17.89M	-	-
Other Intangibles, Total	202K	167K	14.79M	12.24M	10.29M
Other Long-Term Assets, Total	242K	225K	2.35M	2.2M	2.65M
Total Assets	126M	181M	189M	144M	93.91M
Liabilities
Accounts Payable, Total	16.48M	16.69M	12.73M	9.68M	8.56M
Accrued Expenses, Total	7.14M	7.34M	4.91M	6.94M	3.81M
Short-term Borrowings	-	-	-	460K	587K
Current Portion of Long-Term Debt	-	-	852K	852K	-
Current Portion of Leases	992K	1.2M	2.21M	3.03M	2.67M
Current Income Taxes Payable	1.26M	104K	-	-	-
Unearned Revenue Current, Total	502K	364K	5.3M	1.63M	1.42M
Other Current Liabilities	2.67M	2.12M	3.21M	6.19M	1.41M
Total Current Liabilities	29.05M	27.82M	29.22M	28.79M	18.46M
Long-Term Debt	6.49M	-	14.64M	27.3M	-
Long-Term Leases	13.74M	12.68M	21.62M	3.33M	18.25M
Other Non Current Liabilities	2.82M	2.84M	4.77M	4.2M	7.04M
Total Liabilities	52.09M	43.35M	70.25M	63.62M	43.75M
Common Stock, Total	744M	782M	787M	825M	826M
Retained Earnings	-623M	-598M	-622M	-697M	-729M
Treasury Stock	-47.72M	-47.72M	-47.72M	-47.72M	-47.72M
Comprehensive Income and Other	918K	687K	1.3M	350K	958K
Total Common Equity	74.15M	137M	119M	80.29M	50.17M
Total Equity	74.15M	137M	119M	80.29M	50.17M
Total Liabilities And Equity	126M	181M	189M	144M	93.91M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.96M	3.7M	3.76M	7.72M	9.08M
ECS Total Common Shares Outstanding	2.96M	3.7M	3.76M	7.71M	9.07M
Book Value / Share	25.09	37.17	31.61	10.41	5.53
Tangible Book Value	73.88M	137M	86.14M	68.04M	39.88M
Tangible Book Value Per Share	25	37.11	22.92	8.82	4.4
Total Debt	21.22M	13.88M	39.33M	34.98M	21.5M
Net Debt	-9.18M	-57.74M	13.71M	8.76M	11.21M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-2.14M	-1.91M	-2.35M
Debt Equivalent Oper. Leases	15.2M	17.6M	23.2M	29.6M	28.8M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	13.35M	16.15M	22.93M	14.5M	15.77M
Inventories - Work In Process, Total	8.38M	11.41M	9.59M	9.77M	6.95M
Inventories - Finished Goods, Total	3.79M	4.75M	4.52M	4.64M	2.34M
Land - (BS)	-	-	995K	-	-
Buildings, Total	-	-	8.8M	-	-
Machinery, Total	39.82M	42.68M	47.1M	36.45M	14.94M
Full Time Employees	387	365	436	350	188
Part Time Employees	-	-	33	21	3
Accumulated Allowance for Doubtful Accounts (Supple)	227K	260K	337K	356K	173K

Fiscal Period: September	2020	2021	2022	2023	2024
Net Income	-7M	25.64M	-24.33M	-75.36M	-31.24M
Depreciation & Amortization - CF	5.45M	4.01M	4.68M	4.71M	5.26M
Amortization of Goodwill and Intangible Assets - (CF)	32K	47.6K	90K	134K	244K
Depreciation & Amortization, Total	5.48M	4.06M	4.78M	4.85M	5.51M
(Gain) Loss From Sale Of Asset	-2.28M	515K	-2.68M	-1.15M	18K
Asset Writedown & Restructuring Costs	-	-	2.96M	22.61M	3.01M
Stock-Based Compensation (CF)	3.52M	4.18M	5.37M	5.44M	548K
Provision and Write-off of Bad Debts	188K	33K	170K	193K	96K
Net Cash From Discontinued Operations	-	-	-	-3.37M	212K
Other Operating Activities, Total	31K	-336K	805K	26.07M	7.12M
Change In Accounts Receivable	-7.52M	-5.35M	19.55M	-6.54M	8.36M
Change In Inventories	-1.23M	-6.33M	6.22M	-5.99M	3.84M
Change In Accounts Payable	6.17M	-420K	-7.28M	-522K	-1.12M
Change in Unearned Revenues	-	-	2.65M	-3.67M	-206K
Change in Other Net Operating Assets	-1.26M	-10.85M	-5.24M	3.8M	-1.45M
Cash from Operations	-3.89M	11.15M	2.96M	-33.64M	-5.31M
Capital Expenditure	-4.52M	-5.36M	-6.56M	-1.86M	-
Sale of Property, Plant, and Equipment	15.4M	1.52M	3.73M	10.92M	31K
Cash Acquisitions	-	-	-59.86M	96K	-
Other Investing Activities, Total	-	-	-	315K	-
Cash from Investing	10.89M	-3.84M	-62.7M	9.47M	31K
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	6.49M	-	21.86M	393K	-
Total Debt Issued	6.49M	-	21.86M	393K	-
Short Term Debt Repaid, Total	-5.5M	-	-	-2.73M	-
Long-Term Debt Repaid, Total	-	-	-7.22M	-4.15M	-10.6M
Total Debt Repaid	-5.5M	-	-7.22M	-6.88M	-10.6M
Issuance of Common Stock	619K	36.78M	29K	34.25M	-
Repurchase of Common Stock	-111K	-260K	-322K	-164K	-24K
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-2.8M	-	-3.2M	-18K
Cash from Financing	1.5M	33.72M	14.35M	24.4M	-10.64M
Foreign Exchange Rate Adjustments	67K	103K	-144K	854K	-
Net Change in Cash	8.56M	41.14M	-45.54M	1.09M	-15.92M
Supplemental Items
Cash Interest Paid	113K	61K	40K	1.23M	571K
Cash Income Tax Paid (Refund)	63K	975K	547K	146K	23K
Levered Free Cash Flow	-7.62M	714K	-1.75M	-19.18M	7.28M
Unlevered Free Cash Flow	-7.43M	714K	-1.66M	-18.71M	8.03M
Change In Net Working Capital	6.49M	14.42M	-4.92M	14.25M	-12.21M
Net Debt Issued / Repaid	991K	-	14.64M	-6.48M	-10.6M

Fiscal Period: September	2020	2021	2022	2023	2024
Profitability
Return on Assets	-4.61	7.98	-5.49	-8.61	-8.61
Return on Total Capital	-6.12	9.93	-6.57	-10.53	-10.96
Return On Equity %	-9.28	24.24	-18.99	-49.85	-41.17
Return on Common Equity	-9.28	24.24	-18.99	-49.85	-41.17
Margin Analysis
Gross Profit Margin %	32.31	38.81	23.94	23.94	21.91
SG&A Margin	21.8	15.43	22.11	29.1	25.94
EBITDA Margin %	-2.91	14.93	-9.25	-18.52	-12.66
EBITA Margin %	-7.86	12.4	-13.02	-23.35	-18.79
EBIT Margin %	-7.89	12.37	-13.1	-23.48	-19.07
Income From Continuing Operations Margin %	-6.36	16.18	-19.6	-50.57	-31.26
Net Income Margin %	-6.36	16.18	-19.6	-77.12	-36.37
Net Avail. For Common Margin %	-6.36	16.18	-19.6	-50.57	-31.26
Normalized Net Income Margin	-4.88	8	-8.43	-15.08	-11.42
Levered Free Cash Flow Margin	-6.92	0.45	-1.41	-19.63	8.48
Unlevered Free Cash Flow Margin	-6.75	0.45	-1.34	-19.15	9.34
Asset Turnover
Asset Turnover	0.93	1.03	0.67	0.59	0.72
Fixed Assets Turnover	3.02	4.42	2.56	2.3	2.72
Receivables Turnover (Average Receivables)	4.74	5.36	4.53	4.7	4.35
Inventory Turnover (Average Inventory)	3.01	3.35	2.72	2.69	2.49
Short Term Liquidity
Current Ratio	3.1	5.19	3.18	3.21	2.98
Quick Ratio	1.97	3.73	1.65	1.74	1.4
Operating Cash Flow to Current Liabilities	-0.13	0.4	0.1	-1.17	-0.29
Days Sales Outstanding (Average Receivables)	77.17	68.07	80.63	77.7	84.16
Days Outstanding Inventory (Average Inventory)	121.7	108.86	134.05	135.51	147.24
Average Days Payable Outstanding	65.44	58.35	54.15	47.58	52.8
Cash Conversion Cycle (Average Days)	133.43	118.58	160.53	165.63	178.6
Long Term Solvency
Total Debt/Equity	28.61	10.1	33.1	43.56	42.86
Total Debt / Total Capital	22.25	9.17	24.87	30.34	30
LT Debt/Equity	27.27	9.23	30.52	38.15	36.37
Long-Term Debt / Total Capital	21.21	8.38	22.93	26.57	25.46
Total Liabilities / Total Assets	41.26	23.97	37.16	44.21	46.58
EBIT / Interest Expense	-28.59	-	-116.96	-30.56	-13.71
EBITDA / Interest Expense	-4.3	-	-61.74	-19.17	-6.09
(EBITDA - Capex) / Interest Expense	-19.16	-	-108.97	-21.65	-6.09
Total Debt / EBITDA	-16.22	0.54	-4.58	-2.43	-2.96
Net Debt / EBITDA	7.01	-2.23	-1.6	-0.61	-1.54
Total Debt / (EBITDA - Capex)	-3.64	0.68	-2.6	-2.15	-2.96
Net Debt / (EBITDA - Capex)	1.58	-2.82	-0.9	-0.54	-1.54
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.2	43.87	-21.66	115.62	-12.1
Gross Profit, 1 Yr. Growth %	68.72	66.72	-51.67	475.33	-19.55
EBITDA, 1 Yr. Growth %	-74.32	-1.32K	-148.54	-39.89	-51.45
EBITA, 1 Yr. Growth %	-55.67	-365.95	-182.3	-28.14	-40.48
EBIT, 1 Yr. Growth %	-55.73	-364.17	-182.96	-27.93	-39.87
Earnings From Cont. Operations, 1 Yr. Growth %	-80.55	-466.33	-194.89	21.23	-45.66
Net Income, 1 Yr. Growth %	-80.55	-466.33	-194.89	209.7	-58.55
Normalized Net Income, 1 Yr. Growth %	-55.75	-376.75	-182.63	-25.63	-43.7
Diluted EPS Before Extra, 1 Yr. Growth %	-81.38	-399.68	-190.68	-12.22	-68.94
Accounts Receivable, 1 Yr. Growth %	37.53	19.78	-29.73	36.03	-35.25
Inventory, 1 Yr. Growth %	6.13	26.58	14.63	9.98	-13.28
Net Property, Plant and Equip., 1 Yr. Growth %	-4.31	1.17	69.59	-22.29	-29.99
Total Assets, 1 Yr. Growth %	15.22	43.23	4.57	-23.89	-34.74
Tangible Book Value, 1 Yr. Growth %	-3.35	85.75	-37.23	-20.21	-41.4
Common Equity, 1 Yr. Growth %	-3.38	85.39	-13.56	-31.94	-37.52
Cash From Operations, 1 Yr. Growth %	-74.31	-386.56	-73.5	-896.14	-84.22
Capital Expenditures, 1 Yr. Growth %	-58.15	18.64	22.53	-39.72	-
Levered Free Cash Flow, 1 Yr. Growth %	-41.3	-110.65	-344.78	-810.44	-133.28
Unlevered Free Cash Flow, 1 Yr. Growth %	-41.72	-110.75	-332.6	-787.49	-137.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.41	34.75	6.17	-21.47	37.67
Gross Profit, 2 Yr. CAGR %	35.13	101.87	-10.24	-38.32	115.14
EBITDA, 2 Yr. CAGR %	-47.55	10.74	143.66	-12.53	-39.9
EBITA, 2 Yr. CAGR %	-29	-13.71	47.95	7.77	-28.7
EBIT, 2 Yr. CAGR %	-29.07	-13.9	48.04	8.22	-28.27
Earnings From Cont. Operations, 2 Yr. CAGR %	-36.67	-15.58	86.44	38.81	-18.84
Net Income, 2 Yr. CAGR %	-36.67	-15.58	86.44	71.43	13.3
Normalized Net Income, 2 Yr. CAGR %	-28.61	-12.1	51.22	7.86	-29.64
Diluted EPS Before Extra, 2 Yr. CAGR %	-38.74	-25.29	64.85	15.47	-47.8
Accounts Receivable, 2 Yr. CAGR %	18.11	28.35	-8.26	-13.72	-6.15
Inventory, 2 Yr. CAGR %	10.64	15.9	20.45	-5.41	-2.34
Net Property, Plant and Equip., 2 Yr. CAGR %	39.83	-1.61	30.98	1.44	-26.24
Total Assets, 2 Yr. CAGR %	-1.18	28.46	22.38	-10.79	-29.52
Tangible Book Value, 2 Yr. CAGR %	-16.83	33.99	7.98	-29.58	-31.62
Common Equity, 2 Yr. CAGR %	-16.68	33.84	26.59	-23.58	-34.79
Cash From Operations, 2 Yr. CAGR %	62.72	-14.2	-12.85	73.67	12.1
Capital Expenditures, 2 Yr. CAGR %	-17.17	-29.53	20.57	-41.14	-
Levered Free Cash Flow, 2 Yr. CAGR %	197.41	-79.52	-48.95	418.51	64.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	193.68	-79.52	-50	412.13	71.72
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.59	22.77	12.46	-3.91	-18.46
Gross Profit, 3 Yr. CAGR %	-5.78	46.67	25.35	-14.08	-32.61
EBITDA, 3 Yr. CAGR %	-34.75	26.6	-15.88	110.74	-22.82
EBITA, 3 Yr. CAGR %	3.15	4.57	-15.06	45.63	-6.34
EBIT, 3 Yr. CAGR %	3.72	4.29	-14.96	45.71	-5.79
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.22	13.68	-12.23	91.83	1.55
Net Income, 3 Yr. CAGR %	-5.27	13.68	-12.23	120.81	6.8
Normalized Net Income, 3 Yr. CAGR %	0.64	6.31	-13.89	47.66	-8.17
Diluted EPS Before Extra, 3 Yr. CAGR %	-7.14	4	-20.31	58.68	-25.48
Accounts Receivable, 3 Yr. CAGR %	6.49	18.67	5	-3.75	-21.6
Inventory, 3 Yr. CAGR %	0.51	15.72	15.48	4.23	-8.11
Net Property, Plant and Equip., 3 Yr. CAGR %	28.89	25.53	17.97	1.35	-10.35
Total Assets, 3 Yr. CAGR %	-4.31	11.84	19.95	4.46	-19.62
Tangible Book Value, 3 Yr. CAGR %	-15.11	8.71	4.07	-2.7	-33.76
Common Equity, 3 Yr. CAGR %	-15.01	8.78	15.69	2.69	-28.54
Cash From Operations, 3 Yr. CAGR %	-30.71	96.5	-42	105.22	-21.92
Capital Expenditures, 3 Yr. CAGR %	-22.23	-6.63	-15.26	-25.65	-
Levered Free Cash Flow, 3 Yr. CAGR %	34.61	-6.1	-53.17	41.98	116.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	34.89	-6.1	-53.96	41.27	124.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.16	11.49	0.2	2.68	-0.32
Gross Profit, 5 Yr. CAGR %	4.4	14.71	-6.92	3.72	4.52
EBITDA, 5 Yr. CAGR %	19.04	46.51	-0.11	9.19	-10.83
EBITA, 5 Yr. CAGR %	15.61	78.01	15.42	5.84	-9.36
EBIT, 5 Yr. CAGR %	15.15	81.35	15.85	5.84	-9.12
Earnings From Cont. Operations, 5 Yr. CAGR %	25.24	57.82	24.24	23.14	-5.69
Net Income, 5 Yr. CAGR %	-35.58	25.41	24.2	33.98	-2.79
Normalized Net Income, 5 Yr. CAGR %	15.21	96.44	14.71	6.93	-9.76
Diluted EPS Before Extra, 5 Yr. CAGR %	24.6	48.41	16.83	8.44	-25.4
Accounts Receivable, 5 Yr. CAGR %	9.2	11.81	0.33	4.46	-4.51
Inventory, 5 Yr. CAGR %	8.3	5.99	8.06	6.75	0.83
Net Property, Plant and Equip., 5 Yr. CAGR %	31.89	24.16	29.72	15.28	-6.95
Total Assets, 5 Yr. CAGR %	-4.74	7.29	5.59	2.17	-3.04
Tangible Book Value, 5 Yr. CAGR %	-11.42	5.04	-6.53	-8.62	-12.2
Common Equity, 5 Yr. CAGR %	-11.35	5.08	-0.32	-5.55	-8.15
Cash From Operations, 5 Yr. CAGR %	-0.13	14.97	-24.06	87.03	-18.92
Capital Expenditures, 5 Yr. CAGR %	10.04	-1.5	-7.32	-22.37	-
Levered Free Cash Flow, 5 Yr. CAGR %	-18.84	-44.46	-10.99	85.99	-15.61
Unlevered Free Cash Flow, 5 Yr. CAGR %	-19.31	-44.4	-11.33	85.07	-13.94