Professional Documents
Culture Documents
Assumptions
Net debt ($25.6)%
Fully diluted shares outstanding (35.159)%
Tax rate (35.0%)
EBITA ($82.7)% ($139.7)% ($143.9)% ($144.9)% ($145.9)% ($147.0)% ($148.1)% ($150.7)% ($152.4)% ($153.4)%
( – ) Taxes ((28.9)% ((48.9)% ((50.4)% ((50.7)% ((51.1)% ((51.4)% ((51.8)% ((52.8)% ((53.3)% ((53.7)%
Unlevered net income (53.8)% (90.8)% (93.5)% (94.2)% (94.9)% (95.5)% (96.2)% (98.0)% (99.0)% (99.7)%
( + ) Depreciation (12.2)% (16.2)% (16.2)% (16.4)% (16.5)% (16.6)% (16.8)% (15.3)% (14.9)% (15.0)%
( – ) Capital expenditures ((12.8)% ((18.0)% ((19.0)% ((19.2)% ((19.3)% ((19.5)% ((19.7)% ((19.9)% ((20.0)% ((20.2)%
( – ) Change in working capital (2.0)% ((3.8)% ((1.3)% ((0.4)% ((0.4)% ((0.4)% ((0.4)% ((0.4)% ((0.4)% ((0.4)%
( – ) Change in deferred taxes (–)% (–)% (–)% (–)% (–)% (–)% (–)% (–)% (–)% (–)%
Unlevered free cash flow (–)% ($55.1)% ($85.2)% ($89.5)% ($91.0)% ($91.6)% ($92.2)% ($92.9)% ($93.0)% ($93.4)% ($94.1)%