H&R Block market cap is $3.3 b, and annual revenue was $3.09 b in FY 2019

H&R Block Gross profit (Q3, 2020)56.7 M

H&R Block Gross profit margin (Q3, 2020), %10.9%

H&R Block Net income (Q3, 2020)-129.7 M

H&R Block Cash, 31-Jan-2020192.3 M

H&R Block EV6.1 B

H&R Block revenue was $3.09 b in FY, 2019

H&R Block revenue breakdown by business segment: 5.4% from Revenues from Refund Transfers, 7.8% from U.S. Royalties, 61.6% from U.S. Assisted Tax Preparation Fees, 7.2% from International Revenues, 7.7% from U.S. DIY Tax Preparation Fees and 10.3% from Other

USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 3.9b | 3.8b | 2.9b | 2.9b | 3.0b | 3.1b | 3.0b | 3.0b | 3.2b | 3.1b |

| (1%) | 0% | 4% | |||||||

## Cost of goods sold | 2.5b | 2.4b | 1.7b | 1.6b | 1.6b | 1.6b | 1.7b | 1.6b | 1.7b | 1.8b |

## Gross profit | 1.4b | 1.4b | 1.2b | 1.3b | 1.4b | 1.4b | 1.4b | 1.4b | 1.4b | 1.3b |

| 36% | 36% | 41% | 45% | 46% | 47% | 45% | 46% | 45% | 43% |

## Sales and marketing expense | 264.2m | 278.8m | 270.8m | 238.8m | 273.7m | |||||

## General and administrative expense | 631.5m | 694.1m | 618.4m | 604.5m | 633.4m | 653.5m | 722.2m | |||

## Operating expense total | 631.5m | 694.1m | 625.8m | 604.5m | 633.4m | 927.2m | 719.4m | 676.0m | 668.2m | 722.2m |

## Depreciation and amortization | 115.6m | 159.8m | ||||||||

## EBIT | 774.8m | 665.6m | 566.3m | 696.7m | 763.2m | |||||

| 20% | 18% | 20% | 24% | 25% | |||||

## Interest expense | 9.3m | 95.4m | 92.1m | 80.0m | 57.4m | 69.0m | 93.0m | 89.4m | ||

## Interest income | 122.4m | 134.2m | 99.8m | 98.8m | 98.1m | 92.9m | ||||

## Pre tax profit | 784.1m | 677.0m | 576.1m | 702.0m | 767.1m | 742.8m | 569.5m | 629.3m | 668.7m | 545.2m |

## Income tax expense | 295.2m | 257.6m | 230.1m | 236.9m | 267.0m | 256.1m | 185.9m | 208.4m | 41.8m | 99.9m |

## Net Income | 479.2m | 406.1m | 265.9m | 433.9m | 475.2m | 473.7m | 374.3m | 408.9m | 613.1m | 422.5m |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|---|---|---|---|

## Cash | 1.8b | 1.7b | 1.9b | 1.7b | 2.2b | 2.0b | 896.8m | 1.0b | 1.5b | 1.6b |

## Accounts Receivable | 518.0m | 492.3m | 193.9m | 206.8m | 191.6m | 168.0m | 153.1m | 162.8m | 146.8m | 139.0m |

## Prepaid Expenses | 314.7m | 390.1m | 198.3m | 70.3m | 66.6m | 65.7m | 69.0m | 146.7m | ||

## Current Assets | 2.6b | 2.5b | 2.5b | 2.5b | 3.1b | 3.0b | 1.2b | 1.3b | 1.9b | 2.0b |

## PP&E | 345.5m | 307.3m | 253.0m | 267.9m | 304.9m | 311.4m | 293.6m | 263.8m | 231.9m | 212.1m |

## Goodwill | 840.4m | 846.2m | 427.6m | 434.8m | 436.1m | 441.8m | 470.8m | 491.2m | 507.9m | 519.9m |

## Total Assets | 5.2b | 5.2b | 4.6b | 4.5b | 4.7b | 4.5b | 2.8b | 2.7b | 3.1b | 3.3b |

## Accounts Payable | 569.0m | 231.3m | 259.6m | 217.0m | 252.0m | 249.5m | ||||

## Short-term debt | 3.7m | 3.4m | 631.4m | 722.0k | 400.6m | 790.0k | 826.0k | 981.0k | 1.0m | |

## Current Liabilities | 2.3b | 2.2b | 2.5b | 2.0b | 2.3b | 1.9b | 1.0b | 939.3m | 843.7m | 923.0m |

## Long-term debt | 1.0b | 1.0b | 409.1m | 906.0m | 505.8m | 505.3m | 1.5b | 1.5b | 1.5b | 1.5b |

## Total Debt | 1.0b | 1.1b | 1.0b | 906.7m | 906.5m | 506.1m | 1.5b | 1.5b | 1.5b | 1.5b |

## Total Liabilities | 3.8b | 3.8b | 3.3b | 3.3b | 3.1b | 2.7b | 2.8b | 2.8b | 2.7b | 2.8b |

## Common Stock | 4.3m | 4.1m | 4.0m | 3.2m | 3.2m | 3.2m | 2.6m | 2.5m | 2.5m | 2.4m |

## Additional Paid-in Capital | 832.6m | 812.7m | 796.8m | 752.5m | 766.7m | 783.8m | 758.2m | 754.9m | 760.3m | 767.6m |

## Retained Earnings | 2.7b | 2.7b | 2.5b | 1.3b | 1.6b | 1.8b | 40.3m | (48.2m) | 363.0m | 499.4m |

## Total Equity | 1.4b | 1.4b | 1.3b | 1.3b | 1.6b | 1.8b | 23.1m | (60.9m) | 393.7m | 541.5m |

## Debt to Equity Ratio | 64.6 x | -24.5 x | 3.8 x | 2.8 x | ||||||

## Debt to Assets Ratio | 0.5 x | 0.6 x | 0.5 x | 0.5 x | ||||||

## Financial Leverage | 3.6 x | 3.6 x | 3.5 x | 3.6 x | 3 x | 2.5 x | 123.2 x | -44.3 x | 8 x | 6.1 x |

- Source: SEC Filings

USD | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 1.1b | 959.7m | 1.5b | 1.0b | 572.6m | 1.2b | 939.9m | 1.3b | 418.4m | 1.2b | 790.8m | 437.4m | 1.4b | 627.5m | 1.3b | 1.3b | 360.7m | 189.5m | 306.9m | 232.5m | 221.2m | 551.6m | 181.0m | 187.4m | 979.1m | 600.8m | 203.2m | 607.7m | 245.3m | 192.3m |

## Accounts Receivable | 376.9m | 416.3m | 1.4b | 329.4m | 128.1m | 1.0b | 116.4m | 124.5m | 949.2m | 121.3m | 131.7m | 677.2m | 122.3m | 107.7m | 777.5m | 103.2m | 94.8m | 829.8m | 103.4m | 104.8m | 787.9m | 91.0m | 77.8m | 791.6m | 70.6m | 61.3m | 758.2m | 76.1m | 74.7m | 819.9m |

## Prepaid Expenses | 230.6m | 318.3m | 282.9m | 331.0m | 356.7m | 225.7m | 345.2m | 264.7m | 285.5m | 260.8m | 81.0m | 80.5m | 101.2m | 74.9m | 73.6m | 85.6m | 74.8m | 85.2m | 149.3m | 85.3m | 87.7m | 134.8m | 105.1m | 105.1m | 120.2m | |||||

## Current Assets | 1.8b | 1.7b | 3.3b | 1.7b | 1.7b | 2.5b | 1.4b | 1.7b | 1.7b | 1.7b | 1.2b | 1.5b | 2.3b | 1.5b | 2.8b | 2.1b | 726.7m | 1.2b | 608.4m | 703.5m | 1.2b | 833.9m | 444.6m | 1.3b | 1.3b | 891.0m | 1.2b | 946.7m | 601.4m | 1.3b |

## PP&E | 326.6m | 327.9m | 321.1m | 295.2m | 257.9m | 260.8m | 254.0m | 285.3m | 290.2m | 286.6m | 311.2m | 314.6m | 314.5m | 318.2m | 308.8m | 297.3m | 298.6m | 290.2m | 284.1m | 293.1m | 282.4m | 253.3m | 262.2m | 249.9m | 227.0m | 241.8m | 220.5m | 199.7m | 206.2m | 197.6m |

## Goodwill | 875.8m | 867.4m | 849.0m | 742.6m | 438.4m | 433.6m | 431.1m | 434.5m | 435.3m | 435.7m | 442.8m | 437.4m | 478.8m | 464.2m | 443.0m | 454.4m | 442.1m | 443.4m | 470.9m | 477.4m | 483.3m | 494.0m | 493.1m | 504.8m | 507.9m | 507.2m | 520.0m | 821.3m | 815.3m | 838.8m |

## Total Assets | 4.4b | 4.3b | 5.8b | 4.3b | 4.0b | 4.9b | 3.6b | 3.9b | 3.9b | 3.8b | 3.3b | 3.5b | 3.9b | 3.1b | 4.4b | 3.6b | 2.3b | 2.9b | 2.2b | 2.1b | 2.6b | 2.1b | 1.7b | 2.6b | 2.6b | 2.2b | 2.6b | 3.1b | 2.8b | 3.5b |

## Accounts Payable | 485.2m | 436.8m | 472.5m | 116.9m | 141.1m | 206.0m | 157.1m | 139.8m | 239.1m | 161.8m | 114.9m | 163.7m | 145.5m | 114.4m | 202.1m | 122.2m | 111.4m | 156.8m | ||||||||||||

## Short-term debt | 3.6m | 3.4m | 3.6m | 30.9m | 30.7m | (631.0m) | 600.6m | 600.7m | 713.0k | 730.0k | 400.5m | 400.6m | 400.7m | 772.0k | 781.0k | 799.0k | 808.0k | 817.0k | 864.0k | 903.0k | 942.0k | 992.0k | 1.0m | 1.0m | 1.0m | 648.7m | 836.9m | |||

## Current Liabilities | 1.9b | 1.9b | 3.5b | 1.6b | 1.8b | 3.2b | 2.0b | 1.9b | 2.1b | 1.5b | 1.5b | 2.1b | 1.7b | 1.1b | 2.5b | 1.2b | 566.5m | 589.0m | 609.2m | 434.9m | 554.6m | 562.5m | 393.2m | 666.5m | 564.0m | 435.7m | 587.6m | 733.0m | 1.3b | 1.3b |

## Long-term debt | 1.0b | 1.0b | 1.0b | 1.0b | 1.0b | 409.2m | 409.0m | 906.1m | 906.0m | 905.9m | 506.1m | 506.0m | 505.7m | 505.6m | 505.5m | 505.2m | 1.5b | 2.6b | 1.5b | 2.0b | 2.6b | 1.5b | 1.5b | 2.3b | 1.5b | 1.5b | 1.9b | 1.8b | 1.3b | 2.2b |

## Total Debt | 1.0b | 1.0b | 1.1b | 1.1b | 1.0b | (221.8m) | 1.0b | 1.5b | 906.7m | 906.6m | 906.6m | 906.5m | 906.4m | 506.4m | 506.2m | 506.0m | 1.5b | 2.6b | 1.5b | 2.0b | 2.6b | 1.5b | 1.5b | 2.3b | 1.5b | 1.5b | 1.9b | 1.8b | 2.0b | 3.0b |

## Total Liabilities | 3.4b | 3.4b | 5.0b | 3.1b | 3.1b | 4.0b | 2.7b | 3.2b | 3.3b | 2.7b | 2.3b | 2.8b | 2.5b | 1.9b | 3.2b | 2.0b | 2.3b | 3.4b | 2.4b | 2.6b | 3.4b | 2.3b | 2.1b | 3.3b | 2.4b | 2.3b | 2.8b | 2.8b | 2.8b | 3.8b |

## Common Stock | 4.2m | 4.1m | 4.1m | 4.1m | 4.0m | 4.0m | 3.2m | 3.2m | 3.2m | 3.2m | 3.2m | 3.2m | 3.2m | 3.2m | 3.2m | 3.2m | 2.8m | 2.6m | 2.6m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.4m | 2.4m | 2.4m | 2.4m | 2.3m | 2.3m |

## Additional Paid-in Capital | 811.0m | 810.4m | 809.7m | 808.7m | 799.3m | 797.9m | 744.6m | 748.3m | 747.4m | 753.2m | 757.8m | 762.1m | 766.0m | 772.7m | 778.8m | 773.8m | 757.8m | 758.5m | 748.9m | 751.2m | 752.7m | 746.8m | 753.4m | 758.4m | 752.1m | 759.2m | 765.0m | 759.4m | 765.2m | 770.0m |

## Retained Earnings | 2.3b | 2.1b | 2.0b | 2.4b | 2.1b | 2.0b | 955.9m | 795.7m | 723.7m | 1.2b | 1.0b | 734.2m | 1.4b | 1.3b | 1.2b | 1.7b | 3.6m | (510.0m) | (180.6m) | (538.2m) | (785.8m) | (229.6m) | (433.6m) | (729.6m) | 163.6m | (64.3m) | (254.3m) | 250.7m | (122.5m) | (367.2m) |

## Total Equity | 1.0b | 879.8m | 827.7m | 1.2b | 862.8m | 806.4m | 845.7m | 692.9m | 634.9m | 1.1b | 955.0m | 686.8m | 1.4b | 1.2b | 1.1b | 1.7b | (27.2m) | (536.7m) | (199.8m) | (557.5m) | (800.8m) | (214.3m) | (412.8m) | (698.1m) | 192.0m | (31.3m) | (213.6m) | 290.8m | (75.7m) | (318.4m) |

## Debt to Equity Ratio | 0.3 x | -55.2 x | -4.9 x | -7.5 x | -3.5 x | -3.2 x | -7 x | -3.6 x | -3.3 x | 7.8 x | -47.6 x | |||||||||||||||||||

## Debt to Assets Ratio | 0.1 x | 0.7 x | 0.9 x | 0.7 x | 0.9 x | 1 x | 0.7 x | 0.9 x | 0.9 x | 0.6 x | 0.7 x | |||||||||||||||||||

## Financial Leverage | 4.3 x | 4.9 x | 7 x | 3.5 x | 4.6 x | 6 x | 4.3 x | 5.6 x | 6.2 x | 3.4 x | 3.4 x | 5.1 x | 2.8 x | 2.5 x | 3.8 x | 2.2 x | -84.1 x | -5.4 x | -10.8 x | -3.7 x | -3.2 x | -9.9 x | -4.2 x | -3.7 x | 13.6 x | -71.3 x | -12 x | 10.7 x | -36.4 x | -10.8 x |

- Source: SEC Filings

USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 479.2m | 406.1m | 265.9m | 433.9m | 475.2m | 473.7m | 374.3m | 408.9m | 613.1m | 422.5m |

## Depreciation and Amortization | 126.9m | 121.6m | 103.6m | 92.4m | 115.6m | 159.8m | 173.6m | 182.2m | 183.3m | 166.7m |

## Accounts Receivable | 87.9m | (105.7m) | 49.8m | (72.7m) | (30.4m) | (68.1m) | (70.7m) | (77.9m) | (65.6m) | (73.6m) |

## Accounts Payable | (305.0k) | (111.7m) | (45.1m) | (37.0m) | 34.5m | 681.0k | 16.7m | (30.5m) | 32.6m | 54.8m |

## Cash From Operating Activities | 587.5m | 512.5m | 362.0m | 497.1m | 809.6m | 626.6m | 544.6m | 552.2m | 850.0m | 606.5m |

## Purchases of PP&E | (90.5m) | (63.0m) | (82.5m) | (113.2m) | (147.0m) | (123.2m) | (95.5m) | |||

## Capital Expenditures | (99.9m) | (89.3m) | (98.6m) | |||||||

## Cash From Investing Activities | 31.4m | (110.2m) | 351.9m | (110.9m) | 10.7m | (148.9m) | 329.5m | 99.3m | (112.1m) | (155.1m) |

## Short-term Borrowings | (50.0m) | (25.0m) | ||||||||

## Long-term Borrowings | (636.6m) | (400.0m) | (1.5b) | (1.7b) | (830.0m) | (720.0m) | ||||

## Dividends Paid | (200.9m) | (186.8m) | (208.8m) | (217.2m) | (219.0m) | (220.0m) | (201.7m) | (187.1m) | (200.5m) | (205.5m) |

## Cash From Financing Activities | (481.1m) | (534.4m) | (445.1m) | (584.5m) | (364.9m) | (645.8m) | (2.0b) | (530.4m) | (190.7m) | (403.7m) |

## Net Change in Cash | 149.4m | (126.2m) | 266.5m | (196.7m) | 437.7m | (178.1m) | (1.1b) | 116.6m | 546.1m | 44.0m |

## Interest Paid | 78.3m | 73.8m | 69.7m | 73.6m | 55.2m | 44.8m | 59.1m | 87.2m | 84.3m | 82.4m |

## Income Taxes Paid | 359.6m | 244.9m | 218.4m | 155.6m | 155.7m | 236.6m | 165.2m | 163.5m | 8.3m | 133.0m |

## Free Cash Flow | 444.6m | 462.9m | 751.4m |

- Source: SEC Filings

USD | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | (130.7m) | (239.7m) | (252.5m) | (175.1m) | (316.8m) | (320.2m) | (107.4m) | (212.7m) | (230.4m) | (115.2m) | (244.7m) | (326.4m) | (123.7m) | (269.9m) | (374.4m) | (130.6m) | (284.1m) | (529.8m) | (152.7m) | (328.9m) | (455.4m) | (150.2m) | (338.2m) | (467.9m) | ||||||

## Depreciation and Amortization | 6.9m | 14.2m | 21.6m | 21.0m | 33.1m | 50.9m | 16.3m | 34.2m | 54.3m | 16.8m | 82.4m | 127.7m | 41.3m | 87.0m | 132.2m | 43.6m | 88.4m | 136.9m | 40.4m | 81.9m | 126.0m | 38.6m | 81.3m | 125.4m | ||||||

## Accounts Receivable | 67.4m | (686.0m) | 49.2m | 48.7m | (646.3m) | 65.0m | 78.0m | (651.2m) | 67.0m | 75.3m | (640.5m) | 60.5m | 71.9m | (684.3m) | ||||||||||||||||

## Accounts Payable | (79.9m) | (32.2m) | (98.8m) | (99.4m) | (33.6m) | (66.7m) | (85.8m) | (36.6m) | (99.7m) | (120.9m) | (47.5m) | (284.6m) | (267.3m) | (166.2m) | ||||||||||||||||

## Cash From Operating Activities | (348.3m) | (548.0m) | (1.5b) | (394.5m) | (582.6m) | (1.4b) | (373.1m) | (567.0m) | (1.3b) | (318.7m) | (492.4m) | (1.1b) | (381.6m) | (627.6m) | (1.2b) | (378.2m) | (602.7m) | (1.4b) | (458.0m) | (720.4m) | (1.4b) | (409.1m) | (648.5m) | (1.4b) | (375.6m) | (627.7m) | (1.3b) | (483.8m) | (693.3m) | (1.5b) |

## Purchases of PP&E | (8.6m) | (35.0m) | (51.2m) | (11.0m) | (40.5m) | (71.5m) | (13.3m) | (60.7m) | (96.1m) | (34.4m) | (86.9m) | (125.7m) | (25.8m) | (70.9m) | (98.9m) | (80.0m) | (15.2m) | (42.9m) | (66.5m) | |||||||||||

## Capital Expenditures | (8.7m) | (38.8m) | (66.4m) | (6.2m) | (44.9m) | (73.9m) | (13.1m) | (56.7m) | (77.9m) | (12.1m) | (66.4m) | |||||||||||||||||||

## Cash From Investing Activities | (6.0m) | (16.6m) | (36.1m) | (14.3m) | (127.1m) | 323.5m | (6.7m) | (64.1m) | (180.3m) | (29.1m) | (64.0m) | (67.9m) | (26.3m) | (80.7m) | (132.7m) | 32.1m | 365.1m | 314.0m | 5.1m | (55.8m) | 64.7m | (13.0m) | (79.4m) | (122.6m) | (6.6m) | (83.2m) | (119.3m) | (358.8m) | (417.1m) | (489.7m) |

## Short-term Borrowings | (2.7b) | |||||||||||||||||||||||||||||

## Long-term Borrowings | (30.8m) | (30.8m) | (636.6m) | (225.0m) | (50.0m) | (445.0m) | (40.0m) | (230.0m) | (285.0m) | |||||||||||||||||||||

## Dividends Paid | (48.7m) | (95.1m) | (140.9m) | (45.9m) | (91.4m) | (150.1m) | (54.2m) | (108.4m) | (162.7m) | (54.5m) | (109.3m) | (164.1m) | (54.9m) | (109.9m) | (164.9m) | (55.1m) | (110.3m) | (157.5m) | (48.5m) | (96.0m) | (141.5m) | (49.9m) | (100.1m) | (150.3m) | (52.1m) | (103.5m) | (154.9m) | (52.5m) | (104.1m) | (154.8m) |

## Cash From Financing Activities | (348.9m) | (281.9m) | 1.2b | (257.3m) | (389.4m) | 603.8m | (623.1m) | (51.6m) | (33.3m) | (229.3m) | (392.5m) | (101.9m) | (348.4m) | (845.3m) | 531.3m | (350.7m) | (1.4b) | (688.2m) | (117.0m) | 121.4m | 638.5m | (27.4m) | (106.9m) | 631.3m | (169.9m) | (226.3m) | 110.4m | (100.2m) | (176.8m) | 611.9m |

## Net Change in Cash | (705.4m) | (844.3m) | (338.4m) | (665.1m) | (1.1b) | (458.9m) | (1.0b) | (683.4m) | (1.5b) | (583.7m) | (956.8m) | (1.3b) | (755.8m) | (1.6b) | (864.2m) | (707.8m) | (1.6b) | (1.8b) | (572.0m) | (658.9m) | (709.6m) | (449.4m) | (835.9m) | (847.1m) | (553.2m) | (940.4m) | (1.4b) | (942.3m) | (1.3b) | (1.3b) |

## Interest Paid | 27.3m | 30.9m | 69.3m | 37.6m | 27.7m | 55.3m | 13.5m | 42.1m | 62.2m | 15.9m | 27.8m | 43.3m | 15.4m | 27.4m | 43.6m | 15.4m | 15.6m | 32.8m | 15.5m | 40.7m | 59.8m | 15.5m | 39.9m | 57.8m | 15.5m | 39.9m | 55.6m | 15.5m | 40.0m | 66.0m |

## Income Taxes Paid | 64.7m | 103.8m | 159.9m | 99.4m | 122.8m | 163.5m | 19.7m | 48.2m | 105.0m | 106.5m | 116.1m | 87.7m | 88.9m | 157.7m | 201.4m | 75.4m | 132.1m | 157.7m | 61.3m | 112.3m | 158.7m | 57.9m | 76.5m | 102.8m | 32.0m | 50.2m | 103.8m | 36.1m | 54.1m | 84.9m |

## Free Cash Flow | (386.9m) | (641.5m) | (1.5b) | (464.2m) | (765.3m) | (1.5b) | (422.2m) | (705.2m) | (1.4b) | (387.6m) | (694.1m) |

- Source: SEC Filings

USD | Y, 2020 |
---|---|

## EV/CFO | -4.1 x |

## Financial Leverage | -10.8 x |