Turk Altin Isletmeleri A.S./ADR (KOZAY)
Turk Altin Isletmeleri A.S., formerly known as Koza Altin Isletmeleri A.S., engages in gold mining operations in Turkey. It owns and operates seven mines in the regions of Ovacik-Bergama-Izmir, Çukuralan-Izmir, Kaymaz-Eskisehir, Mastra-Gümüshane, and Himmetdede-Kayseri.
Sector: American Depositary Receipts
Industry: Gold
Turk Altin Isletmeleri A.S. Unsponsored ADR
OTC:KOZAYBasic Materials · Gold
+0.69%$7.34
Mkt Cap-
Float319.5M
O/S-
Inst Own-
SI<0.1%
Div Yield1.38%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$340.32M
Net Income$82.48M
Total Assets$961.65M
Free Cash Flow$22.31M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$374K
Total Equity$859.48M
Shares Outstanding
Short Interest
Split History1 split
- 2.1:1Forward splitMar 14, 20231 share → 2.1
Balance Sheet Details
Assets$961.65M
Liabilities$102.17M
Accounts Receivable$155K
Accounts Payable$7.12M
Inventory$54.69M
PP&E (Net)$401.77M
Goodwill$0
Intangible Assets$554K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
| Revenue | $340.32M | $175.55M | $162.92M | $115.28M | $80.43M | $65.3M | $57.26M | $32.37M | $19.44M | $20.88M | $16.72M | $17.8M | $18.68M | $20.96M | $16.19M | $9.49M | $6.88M | $3.94M | $3.45M | $3.58M |
| YoY Growth | 93.9% | 7.8% | 41.3% | 43.3% | 23.2% | 14.1% | 76.9% | 66.5% | -6.9% | 24.9% | -6.1% | -4.7% | -10.9% | 29.5% | 70.7% | 37.9% | 74.6% | 14.3% | -3.6% | - |
| Cost of Revenue | $191.31M | $115.54M | $93.92M | $45.06M | $30.22M | $23.66M | $19.2M | $12.72M | $8.08M | $6.77M | $8.59M | $6.46M | $7.27M | $4.76M | $3.86M | $2.84M | $2.39M | $1.21M | $1.46M | $1.26M |
| Gross Profit | $149.01M | $60.01M | $68.99M | $70.22M | $50.2M | $41.64M | $38.06M | $19.65M | $11.36M | $14.11M | $8.12M | $11.34M | $11.41M | $16.2M | $12.33M | $6.64M | $4.49M | $2.73M | $1.98M | $2.32M |
| Gross Margin | 43.8% | 34.2% | 42.3% | 60.9% | 62.4% | 63.8% | 66.5% | 60.7% | 58.4% | 67.6% | 48.6% | 63.7% | 61.1% | 77.3% | 76.2% | 70.0% | 65.3% | 69.3% | 57.5% | 64.8% |
| Research and Development | $29.16M | $21.19M | $11.94M | $5.85M | $5.21M | $2.39M | $2.75M | $764K | $148K | $384K | $316K | $316K | $411K | $534K | $0 | $0 | $0 | $165K | $77K | $84K |
| Selling, General, and Administrative | $39.72M | $26.28M | $21.21M | $9.39M | $5.9M | $5.05M | $870K | $700K | $2.11M | $1.77M | $2.59M | $1.47M | $1.49M | $1.28M | $1.44M | $686K | $619K | $575K | $426K | $298K |
| Other | $2.46M | $12.61M | $23.97M | $8.21M | $2.93M | $5K | $2.09M | $1.9M | -$69K | $3.22M | -$7K | $644K | $948K | $136K | $314K | $281K | $182K | -$5K | $3K | $6K |
| Total Operating Expenses | $71.34M | $60.08M | $57.12M | $23.45M | $14.04M | $7.45M | $5.71M | $3.36M | $2.19M | $5.38M | $2.9M | $2.12M | $2.43M | $1.95M | $1.75M | $967K | $801K | $736K | $506K | $389K |
| Operating Income (EBIT) | $77.67M | -$76K | $11.88M | $27.44M | $39.25M | $34.31M | $45.28M | $16.07M | $9.17M | $8.73M | $5.23M | $10.23M | $10.4M | $14.25M | $10.58M | $5.68M | $3.69M | $1.99M | $1.73M | $1.93M |
| Operating Margin | 22.8% | -0.0% | 7.3% | 23.8% | 48.8% | 52.5% | 79.1% | 49.6% | 47.2% | 41.8% | 31.3% | 57.5% | 55.7% | 68.0% | 65.3% | 59.8% | 53.6% | 50.6% | 50.1% | 53.9% |
| Interest Expense | $4K | $109K | $944K | $26.34M | $0 | $0 | $0 | $4K | $4K | $96K | $0 | $1.16M | $67K | $463K | $739K | $116K | $27K | $39K | $49K | $96K |
| Interest Income | $43.46M | $24.07M | $7.24M | $26.34M | $23.25M | $11.42M | $11.23M | $6.49M | $3.75M | $1.84M | $441K | $2.14M | $171K | $1.94M | $1.4M | $549K | $22K | $0 | $0 | $0 |
| Other Income (Expense) | $39.55M | $19.12M | -$9.2M | -$57.88M | $41.47M | $12.93M | $106K | $279K | $42K | $1.24M | $1.2M | $972K | $103K | $615K | $662K | $116K | -$5K | $39K | $49K | $96K |
| Income Before Tax (EBT) | $117.22M | $19.04M | $2.67M | $95.62M | $80.72M | $47.25M | $45.38M | $28.65M | $13.78M | $11.94M | $6.42M | $11.21M | $10.5M | $15.73M | $11.24M | $5.79M | $3.68M | $2.03M | $1.78M | $2.03M |
| Income Tax Expense | $34.75M | $6.9M | -$5.49M | $15.03M | $20.36M | $10.87M | $9.87M | $5.06M | $2.68M | $4M | $1.18M | $1.26M | $496K | $2.83M | $1.99M | $1.06M | $734K | $419K | $287K | $419K |
| Net Income | $82.48M | $12.14M | $8.16M | $80.59M | $60.37M | $36.38M | $35.51M | $23.59M | $11.11M | $7.94M | $5.09M | $9.94M | $10.01M | $12.9M | $9.25M | $4.73M | $2.95M | $1.61M | $1.49M | $1.62M |
| Net Income Margin | 24.2% | 6.9% | 5.0% | 69.9% | 75.1% | 55.7% | 62.0% | 72.9% | 57.1% | 38.0% | 30.4% | 55.9% | 53.6% | 61.6% | 57.1% | 49.9% | 42.9% | 40.9% | 43.2% | 45.3% |
| Supplementary Data | ||||||||||||||||||||
| EPS | 12.80 | 1.90 | 1.30 | 12.50 | 9.40 | 5.70 | 5.50 | 3.70 | 1.70 | 1.20 | 0.79 | 1.50 | 1.60 | 1.90 | 1.40 | 0.73 | 0.46 | 0.25 | 0.23 | 0.25 |
| Diluted EPS | 12.80 | 1.90 | 1.30 | 12.50 | 9.40 | 5.70 | 5.50 | 3.70 | 1.70 | 1.20 | 0.79 | 1.50 | 1.60 | 1.90 | 1.40 | 0.73 | 0.46 | 0.25 | 0.23 | 0.25 |
| Weighted Average OS | 320.18M | 320.18M | 315.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.25M | 320.50M | 320.50M | 320.50M | 320.50M |
| EBITDA | $137.66M | $44.35M | $24.89M | -$24.67M | $85.13M | $51.77M | $49.93M | $30.34M | $15.03M | $13.48M | $10.86M | $11.77M | $13.36M | $17.05M | $12.82M | $7.03M | $5.22M | $2.61M | $2.06M | $2.37M |
| EBITDA Margin | 40.4% | 25.3% | 15.3% | -21.4% | 105.8% | 79.3% | 87.2% | 93.7% | 77.3% | 64.6% | 65.0% | 66.1% | 71.6% | 81.4% | 79.2% | 74.2% | 75.9% | 66.1% | 59.8% | 66.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
| Assets | ||||||||||||||||||||
| Current Assets | ||||||||||||||||||||
| Cash and Cash Equivalents | $97.82M | $2.16M | $5.23M | $2.85M | $178.56M | $119M | $89.53M | $51.42M | $36.43M | $30.96M | $20.44M | $21.52M | $18.9M | $18.64M | $11.64M | $3.95M | $419K | $170K | $358K | $240K |
| Short-Term Investments | $273.17M | $169.41M | $160.22M | $196.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $370.99M | $171.56M | $193.77M | $198.99M | $178.56M | $119M | $89.53M | $51.42M | $36.43M | $30.96M | $20.44M | $21.52M | $18.9M | $18.64M | $11.64M | $3.95M | $419K | $170K | $358K | $240K |
| Accounts Receivable | $155K | $71K | $8K | -$139.46M | $18K | $89K | $8.58M | $6.56M | $4.1M | $2.2M | $7K | $11K | $6K | $73K | $471K | $0 | $980K | $0 | $0 | $0 |
| Inventory | $54.69M | $55.6M | $27.28M | $21.82M | $8.56M | $8.16M | $7.65M | $6.18M | $4.22M | $2.64M | $2.95M | $3.95M | $2.36M | $1.43M | $1.14M | $916K | $1.06M | $422K | $252K | $130K |
| Other Current Assets | $2.93M | $57.16M | $7.76M | $10.86M | $1.56M | $1.48M | $1.02M | $6.7M | $4.07M | $2.2M | $40K | $52K | $948K | $437K | $58K | $69K | $7K | $56K | $43K | $23K |
| Total Current Assets | $433.64M | $287.18M | $230M | $225.37M | $188.74M | $128.78M | $106.17M | $64.38M | $45.26M | $36.32M | $25.22M | $26.12M | $22.34M | $20.63M | $13.42M | $5.1M | $2.47M | $1.14M | $1.38M | $1.35M |
| Long-Term Assets | ||||||||||||||||||||
| Property, Plant & Equipment Net | $401.77M | $205.91M | $97.92M | $25.65M | $20.01M | $13.5M | $11.57M | $13.52M | $10.52M | $9.04M | $9.95M | $11.64M | $12.24M | $8.96M | $7.44M | $5.26M | $4.01M | $3.49M | $1.7M | $1.49M |
| Goodwill | $0 | $0 | $1.91M | $226K | $226K | $226K | $282K | $282K | $282K | $282K | $282K | $282K | $282K | $282K | $282K | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $554K | $774K | $245K | $91K | $80K | $22K | $29K | $48K | $38K | $30K | $15K | $18K | $28K | $28K | $15K | $0 | $980K | $0 | $0 | $0 |
| Long-Term Investments | $83.84M | -$119.65M | -$125.75M | -$191.74M | $28.89M | $23.04M | $7.47M | $6.63M | $6.68M | $6.79M | $6.76M | $1.33M | $2.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $9.24M | $24.18M | $20.38M | $4.74M | $3.82M | $2.21M | $2.05M | $1.65M | $352K | $314K | $1.29M | $1.18M | $101K | $0 | $195K | $181K | $84K | $41K | $92K | $42K |
| Other Long-Term Assets | $32.61M | $252.93M | $239.26M | $205.56M | $1.44M | $640K | $20 | $636K | $340K | $187K | $58K | $11K | $10K | $1.62M | $6K | $134K | $102K | $193K | $53K | $11K |
| Total Long-Term Assets | $528.01M | $364.14M | $233.97M | $44.52M | $54.47M | $39.64M | $21.4M | $22.76M | $18.22M | $16.64M | $18.36M | $14.47M | $14.9M | $10.89M | $7.94M | $5.87M | $4.27M | $3.8M | $1.9M | $1.6M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $961.65M | $651.32M | $463.97M | $269.9M | $243.22M | $168.42M | $127.58M | $87.14M | $63.48M | $52.96M | $43.58M | $40.58M | $37.24M | $31.52M | $21.35M | $10.97M | $6.74M | $4.94M | $3.28M | $2.95M |
| Liabilities | ||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||
| Accounts Payable | $7.12M | $4M | $6.01M | $5.09M | $3.97M | $2.08M | $1.36M | $1.06M | $457K | $431K | $540K | $322K | $942K | $665K | $647K | $349K | $396K | $402K | $182K | $141K |
| Short-Term Debt | $353K | $0 | $7.7M | $0 | -$8.42M | -$2.38M | $0 | $0 | $0 | $0 | $176K | $0 | $0 | $139K | $365K | $241K | $185K | $43K | $54K | $17K |
| Current Income Tax Payable | $4.82M | $866K | $3.97M | $982K | $8.55M | $2.57M | $2.99M | $888K | $599K | $926K | $1.29M | $539K | $0 | $417K | $800K | $318K | $331K | $85K | $103K | $27K |
| Current Unearned Revenue | $0 | $0 | $0 | $22K | $18.01M | $10.12M | $6.71M | $0 | $0 | $0 | $1.29M | $0 | $0 | $802K | $1.04M | $596K | $500K | $185K | $187K | $89K |
| Other Current Liabilities | $54.9M | $25.05M | $6.01M | -$2.73M | $2.07M | $1.99M | $4.01M | $1.12M | $3.15M | $1.67M | $871K | $717K | $343K | $490K | $796K | $315K | $216K | $117K | $114K | $93K |
| Total Current Liabilities | $79.3M | $35.29M | $36.87M | $21.45M | $22.48M | $12.34M | $8.16M | $4.32M | $4.26M | $3.06M | $2.93M | $1.5M | $1.75M | $1.75M | $2.61M | $1.25M | $1.13M | $669K | $460K | $289K |
| Long-Term Liabilities | ||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $89K | $0 | $0 | $0 | $146K | $358K | $582K | $767K | $21K | $13K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | -$4.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $220K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $4.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $188K | $0 | $0 | $0 | $0 | $0 | $4K |
| Other Long-Term Liabilities | $22.84M | $21.75M | $12.62M | $9.68M | $7.79M | $3.9M | $3.69M | $2.69M | $1.65M | $2.7M | $1.38M | $1.53M | $1.46M | $1.63M | $1.12M | $548K | $395K | $426K | $254K | $13K |
| Total Long-Term Liabilities | $22.86M | $21.77M | $12.75M | $10.19M | $8.37M | $4.08M | $3.7M | $2.69M | $929K | $2.7M | $1.47M | $1.53M | $1.46M | $1.64M | $1.27M | $906K | $976K | $1.19M | $275K | $251K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $102.17M | $57.06M | $49.62M | $31.64M | $30.85M | $16.42M | $11.86M | $7M | $5.19M | $5.75M | $4.41M | $3.03M | $3.21M | $3.39M | $3.88M | $2.15M | $2.11M | $1.86M | $735K | $540K |
| Stockholders' Equity | ||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $64.36M | $64.36M | $64.36M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $1.21M | $891K | $891K | $891K |
| Retained Earnings | $540.74M | $350.11M | $243.67M | $228.06M | $206.54M | $146.17M | $109.79M | $74.28M | $52.41M | $41.31M | $33.37M | $32.13M | $29.11M | $23.53M | $14.28M | $4.79M | $2.76M | $1.66M | $1.3M | $1.35M |
| Comprehensive Income & Other | $0 | $0 | $0 | $7.06M | $2.69M | $2.69M | $2.79M | $2.72M | $2.73M | $2.76M | $2.67M | -$71K | $59K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $254.39M | $179.79M | $106.33M | $7.13M | $2.76M | $2.76M | $2.86M | $2.79M | $2.81M | $2.83M | $2.75M | $2.35M | $1.85M | $1.54M | $124K | $963K | $665K | $529K | $350K | $160K |
| Total Equity | $859.48M | $594.25M | $414.36M | $238.26M | $212.36M | $151.99M | $115.72M | $80.13M | $58.28M | $47.2M | $39.18M | $37.55M | $34.03M | $28.13M | $17.47M | $8.81M | $4.63M | $3.08M | $2.54M | $2.41M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6K |
| Total Liabilities and Equity | $961.65M | $651.32M | $463.97M | $269.9M | $243.22M | $168.42M | $127.58M | $87.14M | $63.48M | $52.96M | $43.58M | $40.58M | $37.24M | $31.52M | $21.35M | $10.97M | $6.74M | $4.94M | $3.28M | $2.95M |
| Supplementary Data | ||||||||||||||||||||
| Total Debt | $374K | $126K | $7.99M | $712K | $985K | $286K | $89K | $0 | $0 | $0 | $266K | $0 | $0 | $139K | $511K | $600K | $767K | $810K | $75K | $30K |
| Net Debt | -$97.45M | -$2.03M | $2.77M | -$2.14M | -$177.57M | -$118.71M | -$89.44M | -$51.42M | -$36.43M | -$30.96M | -$20.17M | -$21.52M | -$18.9M | -$18.5M | -$11.13M | -$3.35M | $348K | $639K | -$283K | -$209K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
| Operating Activities | ||||||||||||||||||||
| Net Income | $82.48M | $12.14M | $8.16M | $80.59M | $60.37M | $36.38M | $35.51M | $23.59M | $11.11M | $7.94M | $5.24M | $9.94M | $10.01M | $15.73M | $11.24M | $5.79M | $3.68M | $2.03M | $1.78M | $2.03M |
| Depreciation & Amortization | $20.43M | $25.2M | $21.27M | $5.77M | $4.41M | $4.52M | $4.52M | $1.69M | $1.85M | $1.44M | $4.37M | $2.85M | $2.79M | $1.84M | $1.53M | $1.36M | $1.53M | $613K | $584K | $439K |
| Deferred Income Tax | $0 | $0 | $0 | -$687K | -$1.61M | -$129K | $0 | -$627K | -$216K | $959K | -$111K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||
| Accounts Receivable | $6.04M | $26.31M | -$9.07M | -$9.21M | -$8.98M | -$10.07M | -$1.99M | -$2.76M | -$1.47M | -$2.05M | -$574K | -$4K | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $32.19M | -$16.2M | -$1.7M | -$12.27M | -$649K | -$1.24M | -$1.48M | -$1.95M | -$1.59M | $257K | $1.05M | -$1.59M | -$712K | -$287K | -$220K | $144K | -$638K | -$170K | -$125K | $104K |
| Accounts Payable | $0 | $0 | $920K | -$886K | $1.89M | $723K | $296K | $605K | $26K | -$12K | $213K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$826K | $50.18M | $2.08M | -$3.76M | $298K | $356K | -$317K | -$2.15M | -$2.49M | -$40K | $2.09M | -$476K | -$571K | -$340K | -$210K | $331K | -$432K | $148K | -$133K | -$51K |
| Total Working Capital Change | $37.4M | $60.28M | -$7.78M | -$26.13M | -$7.44M | -$10.23M | -$3.49M | -$4.1M | -$4.08M | $218K | $2.78M | -$2.06M | -$1.28M | -$627K | -$430K | $474K | -$1.07M | -$21K | -$258K | $53K |
| Other Non-Cash Items | $19.33M | -$34.89M | -$44.35M | -$76.15M | -$9.22M | -$4.25M | $4.5M | -$780K | -$4.34M | -$1.1M | $8.14M | -$912K | -$1.29M | -$3.98M | -$1.56M | -$1.2M | -$612K | -$415K | -$636K | -$502K |
| Net Cash from Operating | $159.64M | $62.73M | -$22.7M | -$16.6M | $46.51M | $26.3M | $41.05M | $19.77M | $4.32M | $9.46M | $12.37M | $9.82M | $10.23M | $12.96M | $10.78M | $6.43M | $3.54M | $2.21M | $1.47M | $2.02M |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -$137.11M | -$88.06M | -$25.26M | -$11.51M | -$9.97M | -$6.04M | -$2.95M | -$4.84M | -$2.7M | -$646K | -$2.85M | -$1.17M | -$7.6M | -$4.87M | -$3.25M | -$2.57M | -$1.91M | -$2.36M | -$827K | -$786K |
| Acquisitions | $0 | $0 | $0 | $558K | $0 | $10K | $9K | $65K | $86K | $133K | $14K | -$296K | $0 | $0 | $0 | -$96K | $0 | $0 | $219K | $0 |
| Purchases of Investments | -$20.2M | -$56.03M | $0 | -$161.41M | $0 | -$488K | $0 | $0 | $0 | -$70K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34K | $0 |
| Sales of Investments | $43.16M | $128.16M | $0 | $160.86M | $277K | $477K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.05M | $659K | $209K |
| Other Investing Activities | -$2.27M | -$26.16M | $107.21M | -$94.44M | $22.46M | $10.68M | $9.03M | $65K | $3.85M | $1.98M | $610K | $1.05M | $1.45M | $1.51M | $763K | $521K | $83K | -$696K | -$196K | -$706K |
| Net Cash from Investing | -$116.42M | -$42.09M | $81.95M | -$105.95M | $12.76M | $4.63M | -$2.94M | -$4.78M | $1.15M | $1.33M | -$2.84M | -$415K | -$6.15M | -$3.36M | -$2.49M | -$2.14M | -$1.83M | -$2M | -$110K | -$1.28M |
| Financing Activities | ||||||||||||||||||||
| Debt Repaid | $818K | - | - | - | - | - | - | - | - | $266K | -$236K | - | $138K | - | -$5K | $221K | -$228K | -$735K | -$45K | $25K |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$13.84M | -$29.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$31.84M | -$52.4M | $0 | $0 | $0 | $0 | $0 | $0 | -$3.52M | -$6.29M | -$3.41M | -$2.24M | -$452K | -$553K | -$1.4M | -$1.07M | -$1.32M | -$450K |
| Other Financing Activities | -$70K | -$274K | -$29.7M | $47.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12K | -$9K | -$19K | -$16K | $22K | -$15K | -$50K | -$12K | -$29K |
| Net Cash from Financing | -$887K | -$21.82M | -$54.52M | -$52.4M | $0 | $0 | $0 | $0 | $0 | -$266K | -$3.28M | -$6.3M | -$3.56M | -$2.54M | -$728K | -$752K | -$1.46M | -$389K | -$1.28M | -$504K |
| Forex Effect | -$11.25M | -$4.18M | -$4.2M | -$115.28M | $0 | $0 | $0 | $0 | $0 | $0 | -$1.53M | -$485K | -$254K | -$72K | $121K | $4K | $2K | -$8K | $38K | -$106 |
| Net Change in Cash | $94.89M | -$5.36M | $529K | -$174.96M | $59.27M | $30.93M | $38.11M | $14.99M | $5.47M | $10.52M | -$1.08M | $2.61M | $265K | $7M | $7.69M | $3.53M | $248K | -$188K | $118K | $229K |
| Supplementary Data | ||||||||||||||||||||
| Operating Cash Flow | $159.64M | $62.73M | -$22.7M | -$16.6M | $46.51M | $26.3M | $41.05M | $19.77M | $4.32M | $9.46M | $12.37M | $9.82M | $10.23M | $12.96M | $10.78M | $6.43M | $3.54M | $2.21M | $1.47M | $2.02M |
| Capital Expenditure | -$137.33M | -$88.11M | -$25.26M | -$11.51M | -$9.97M | -$6.04M | -$2.95M | -$4.84M | -$2.7M | -$646K | -$2.85M | -$1.17M | -$7.6M | -$4.87M | -$3.25M | -$2.57M | -$1.91M | -$2.36M | -$827K | -$786K |
| Free Cash Flow | $22.31M | -$25.38M | -$47.96M | -$28.12M | $36.53M | $20.25M | $38.1M | $14.93M | $1.62M | $8.81M | $9.52M | $8.65M | $2.63M | $8.1M | $7.53M | $3.86M | $1.62M | -$149K | $641K | $1.23M |
| Cash at Beginning | $2.81M | $7.51M | $4.67M | $177.78M | $118.51M | $87.58M | $51.42M | $36.43M | $30.96M | $20.44M | $21.52M | $18.9M | $18.64M | $11.64M | $3.95M | $419K | $170K | $358K | $240K | $10K |
| Cash at End | $97.7M | $2.15M | $5.2M | $2.82M | $177.78M | $118.51M | $89.53M | $51.42M | $36.43M | $30.96M | $20.44M | $21.52M | $18.9M | $18.64M | $11.64M | $3.95M | $419K | $170K | $358K | $240K |