Operating ActivitiesSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22

Net Income

266.8

70.7

33.4

37.9

48.7

1.4

Depreciation & Amortization

72.9

61.4

43.1

36.5

33.2

27.9

Share-Based Compensation Expense

5

4.2

3.3

2.2

2.8

2.7

Other Adjustments

-106.1

25.2

-26

1.9

2.2

-4.6

Changes in Trade Receivables

-7.1

-4.8

3.9

0

1.6

3.2

Changes in Inventories

-5

-14.1

-8.3

-15.9

-14.3

-19.8

Changes in Accounts Payable

18.6

61.8

-63.7

1.5

37.2

0.2

Changes in Other Operating Activities

-7.5

2.4

82.1

-0.4

-0.4

4.2

Cash from Operating Activities

237.7

207

67.6

63.8

111.1

15.2

Investing ActivitiesSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22

Capital Expenditure

-49

-60.8

-50

-47.7

-42

-51.4

Proceeds from Sale of Property, Plant & Equipment

-0.1

0.1

—

0

0

—

Purchases of Investments

—

—

—

—

—

—

Proceeds from Sale of Investments

—

—

—

—

—

—

Payments for Business Acquisitions

-10

0.2

103.4

-5

-10

—

Other Investing Activities

-0.1

-0.1

-0.1

-0.1

-0.1

-0.1

Cash from Investing Activities

-59.2

-60.6

53.3

-47.8

-52

-51.6

Financing ActivitiesSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22

Issuance of Long-Term Debt

20

47

99.5

64

77.5

115

Repayments of Long-Term Debt

-37.5

-164.7

-192.2

-101.2

-133.3

-71.7

Net Issuance / (Repayments) of Long-Term Debt

-17.5

-117.7

-92.7

-37.2

-55.8

43.3

Issuance of Common Shares

0.3

9.1

0.3

—

—

—

Repurchases of Common Shares

-5.3

-2

—

—

—

—

Net Issuance / (Repurchases) of Common Shares

-5

7.1

0.3

—

—

—

Other Financing Activities

-1.4

-2.2

-5.7

-0.1

-0.2

-0

Cash from Financing Activities

-23.9

-112.8

-98.2

-37.3

-56

43.3

Free Cash FlowSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22

Free Cash Flow

188.7

146.1

17.6

16.1

69.1

-36.2

NOPAT

76.1

205.9

84.3

88.2

113.6

30.6

Levered Free Cash Flow

279.4

3.8

-56.3

-25.3

6.7

5.9

Unlevered Free Cash Flow

106.2

256.6

87.3

62.3

127.4

-8.3

Net Change in Cash

154.6

33.6

22.8

-21.3

3.1

7