English

Sirion Holdings, Inc.

EDGAR

Filing (10KSB) · filed 2007-03-30

5 filing records in this dataset, filed from 2006-06-22 to 2007-03-30. Explore the available filing history and original sources.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

445 thousand USD

2006-12-31 · USD

Exact inputs and evidence

Revenue: 3473363 USD Source
Revenue: 3028474 USD Source

Operating margin

-1,274.91%

2006-12-31 · %

Exact inputs and evidence

Operating Income: -11924703 USD Source
Operating Income: -6252758 USD Source
Revenue: 3473363 USD Source
Revenue: 3028474 USD Source

Cash and cash equivalents: 10.8 million USD 2006-12-31 Source
Exact value

10778062 USD
Long-term debt including current maturities: Not available
Shares outstanding: Not available

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2007-03-30.

Financial data available through: 2006-12-31.

Coverage by financial measure

Revenue: 2 of 11 periods available· newest 2006-12-31
Operating income: 2 of 11 periods available· newest 2006-12-31
Net income: 2 of 11 periods available· newest 2006-12-31
Operating cash flow: 2 of 11 periods available· newest 2006-12-31
Capital expenditure: 2 of 11 periods available· newest 2006-12-31
Total assets: 1 of 11 periods available· newest 2006-12-31
Total liabilities: 1 of 11 periods available· newest 2006-12-31
Current assets: 1 of 11 periods available· newest 2006-12-31
Current liabilities: 1 of 11 periods available· newest 2006-12-31
Cash and cash equivalents: 2 of 11 periods available· newest 2006-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+148.2%

Prior period

USD 1.4 million

2005-01-01 – 2005-12-31
Current period

USD 3.47 million

2006-01-01 – 2006-12-31

Exact inputs and evidence

3473363 − 1399662 = 2073701 USD

1399662 USD · 2005-01-01 – 2005-12-31
Inspect prior input Prior source
3473363 USD · 2006-01-01 – 2006-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Sirion Holdings, Inc. · 2006-12-31 Sirion Holdings, Inc. (edgar:1355015) Year-over-year change in Revenue: 2073701 USD Concept: fundies:Revenue Period: 2006-01-01 to 2006-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 3473363 USD (2006-01-01 to 2006-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#4609 Input fundies:Revenue: 1399662 USD (2005-01-01 to 2005-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#4609
The citation records this snapshot. The page link may show a newer release later.
Net income
−USD 6.92 million

Prior period

−USD 4.39 million

2005-01-01 – 2005-12-31
Current period

−USD 11.32 million

2006-01-01 – 2006-12-31

Exact inputs and evidence

-11315333 − -4391813 = -6923520 USD

-4391813 USD · 2005-01-01 – 2005-12-31
Inspect prior input Prior source
-11315333 USD · 2006-01-01 – 2006-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Sirion Holdings, Inc. · 2006-12-31 Sirion Holdings, Inc. (edgar:1355015) Year-over-year change in Net income: -6923520 USD Concept: fundies:NetIncome Period: 2006-01-01 to 2006-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -11315333 USD (2006-01-01 to 2006-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6165 Input fundies:NetIncome: -4391813 USD (2005-01-01 to 2005-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6165
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
−USD 7.79 million

Prior period

−USD 2.25 million

2005-01-01 – 2005-12-31
Current period

−USD 10.05 million

2006-01-01 – 2006-12-31

Exact inputs and evidence

-10048847 − -2254710 = -7794137 USD

-2254710 USD · 2005-01-01 – 2005-12-31
Inspect prior input Prior source
-10048847 USD · 2006-01-01 – 2006-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Sirion Holdings, Inc. · 2006-12-31 Sirion Holdings, Inc. (edgar:1355015) Year-over-year change in Operating cash flow: -7794137 USD Concept: fundies:OperatingCashFlow Period: 2006-01-01 to 2006-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -10048847 USD (2006-01-01 to 2006-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6391 Input fundies:OperatingCashFlow: -2254710 USD (2005-01-01 to 2005-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6391
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+513.1%

Prior period

USD 187,565

2005-01-01 – 2005-12-31
Current period

USD 1.15 million

2006-01-01 – 2006-12-31

Exact inputs and evidence

1149974 − 187565 = 962409 USD

187565 USD · 2005-01-01 – 2005-12-31
Inspect prior input Prior source
1149974 USD · 2006-01-01 – 2006-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · Sirion Holdings, Inc. · 2006-12-31 Sirion Holdings, Inc. (edgar:1355015) Year-over-year change in Capital expenditure: 962409 USD Concept: fundies:CapitalExpenditure Period: 2006-01-01 to 2006-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 1149974 USD (2006-01-01 to 2006-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6477 Input fundies:CapitalExpenditure: 187565 USD (2005-01-01 to 2005-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6477
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2006 2006-01-01 – 2006-12-31

Revenue USD 3.47 million 100% of revenue
Operating costs Derived USD 15.4 million 443% of revenue
Operating income −USD 11.92 million −343% of revenue
Tax, interest and other Derived −USD 609,370 −18% of revenue
Net income −USD 11.32 million −326% of revenue

Cash

Operating cash flow −USD 10.05 million −289% of revenue
Capital expenditure USD 1.15 million 33% of revenue
Free cash flow Derived −USD 11.2 million −322% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2005 Operating loss: operating costs were 356% of revenue.
2006 Operating loss: operating costs were 443% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2005 2005-01-01 – 2005-12-31	1399662	4983280 Derived	-3583618	808195 Derived	-4391813	-2442275 Derived	Source 2005-01-01 – 2005-12-31: 1399662 USD Inspect Revenue Open source 2005-01-01 – 2005-12-31: -3583618 USD Inspect Operating Income Open source 2005-01-01 – 2005-12-31: -4391813 USD Inspect Net Income Open source 2005-01-01 – 2005-12-31: -2254710 USD Inspect Operating Cash Flow Open source 2005-01-01 – 2005-12-31: 187565 USD Inspect Capital Expenditure Open source
2006 2006-01-01 – 2006-12-31	3473363	15398066 Derived	-11924703	-609370 Derived	-11315333	-11198821 Derived	Source 2006-01-01 – 2006-12-31: 3473363 USD Inspect Revenue Open source 2006-01-01 – 2006-12-31: -11924703 USD Inspect Operating Income Open source 2006-01-01 – 2006-12-31: -11315333 USD Inspect Net Income Open source 2006-01-01 – 2006-12-31: -10048847 USD Inspect Operating Cash Flow Open source 2006-01-01 – 2006-12-31: 1149974 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 3.5M 2006

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20052005-12-31	Revenue	1399662	Revenue: 1399662 Open source
20062006-12-31	Revenue	3473363	Revenue: 3473363 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

148.2% 2006

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20052005-12-31	Year over year	No prior comparable period	Revenue: 1399662 Open source
20062006-12-31	Year over year	148.2%	Revenue: 3473363 Open source Revenue: 1399662 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -343.3% 2006

Net margin -325.8% 2006

Free cash flow margin -322.4% 2006

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20052005-12-31	Operating margin	-256%	Operating Income: -3583618 Open source Revenue: 1399662 Open source
20062006-12-31	Operating margin	-343.3%	Operating Income: -11924703 Open source Revenue: 3473363 Open source
20052005-12-31	Net margin	-313.8%	Net Income: -4391813 Open source Revenue: 1399662 Open source
20062006-12-31	Net margin	-325.8%	Net Income: -11315333 Open source Revenue: 3473363 Open source
20052005-12-31	Free cash flow margin	-174.5%	Revenue: 1399662 Open source Operating Cash Flow: -2254710 Open source Capital Expenditure: 187565 Open source
20062006-12-31	Free cash flow margin	-322.4%	Revenue: 3473363 Open source Operating Cash Flow: -10048847 Open source Capital Expenditure: 1149974 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -10M 2006

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20052005-12-31	Operating cash flow	-2254710	Operating Cash Flow: -2254710 Open source
20062006-12-31	Operating cash flow	-10048847	Operating Cash Flow: -10048847 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -11.2M 2006

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20052005-12-31	Free cash flow	-2442275	Operating Cash Flow: -2254710 Open source Capital Expenditure: 187565 Open source
20062006-12-31	Free cash flow	-11198821	Operating Cash Flow: -10048847 Open source Capital Expenditure: 1149974 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

10.6% 2006

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2005-12-31	Liabilities / assets	Not reported	No source recorded
20062006-12-31	Liabilities / assets	10.6%	Total Liabilities: 5252600 Open source Total Assets: 49422705 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

4.85× 2006

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2005-12-31	Current assets / current liabilities	Not reported	No source recorded
20062006-12-31	Current assets / current liabilities	4.85×	Current Assets: 11642527 Open source Current Liabilities: 2398536 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2005 2005-01-01 – 2005-12-31	−USD 4.39 million Exact value Exact value: -4391813 USD 2005-01-01 – 2005-12-31: -4391813 USD Inspect Net Income Open source Share or cite Citation for Net Income · Sirion Holdings, Inc. · 2005-12-31 Sirion Holdings, Inc. (edgar:1355015) Net Income: -4391813 USD Concept: fundies:NetIncome Period: 2005-01-01 to 2005-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015/explain?concept=fundies%3ANetIncome&period=2005-12-31&surface=latest&period_type=duration&start=2005-01-01&unit=USD&dimensions= Input fundies:NetIncome: -4391813 USD (2005-01-01 to 2005-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6165 The citation records this snapshot. The page link may show a newer release later.	−USD 2.25 million Exact value Exact value: -2254710 USD 2005-01-01 – 2005-12-31: -2254710 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sirion Holdings, Inc. · 2005-12-31 Sirion Holdings, Inc. (edgar:1355015) Operating Cash Flow: -2254710 USD Concept: fundies:OperatingCashFlow Period: 2005-01-01 to 2005-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015/explain?concept=fundies%3AOperatingCashFlow&period=2005-12-31&surface=latest&period_type=duration&start=2005-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -2254710 USD (2005-01-01 to 2005-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6391 The citation records this snapshot. The page link may show a newer release later.	USD 187,565 Exact value Exact value: 187565 USD 2005-01-01 – 2005-12-31: 187565 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sirion Holdings, Inc. · 2005-12-31 Sirion Holdings, Inc. (edgar:1355015) Capital Expenditure: 187565 USD Concept: fundies:CapitalExpenditure Period: 2005-01-01 to 2005-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015/explain?concept=fundies%3ACapitalExpenditure&period=2005-12-31&surface=latest&period_type=duration&start=2005-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 187565 USD (2005-01-01 to 2005-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6477 The citation records this snapshot. The page link may show a newer release later.	−USD 2.44 million Calculation and evidence -2254710 − 187565 USD Exact free cash flow: -2442275 USD 2005-01-01 – 2005-12-31: -2254710 USD · Inspect Operating Cash Flow · Source 2005-01-01 – 2005-12-31: 187565 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sirion Holdings, Inc. · 2005-12-31 Sirion Holdings, Inc. (edgar:1355015) Free cash flow: -2442275 USD Concept: free-cash-flow Period: 2005-01-01 to 2005-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -2254710 USD (2005-01-01 to 2005-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6391 Input fundies:CapitalExpenditure: 187565 USD (2005-01-01 to 2005-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6477 The citation records this snapshot. The page link may show a newer release later.
2006 2006-01-01 – 2006-12-31	−USD 11.32 million Exact value Exact value: -11315333 USD 2006-01-01 – 2006-12-31: -11315333 USD Inspect Net Income Open source Share or cite Citation for Net Income · Sirion Holdings, Inc. · 2006-12-31 Sirion Holdings, Inc. (edgar:1355015) Net Income: -11315333 USD Concept: fundies:NetIncome Period: 2006-01-01 to 2006-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015/explain?concept=fundies%3ANetIncome&period=2006-12-31&surface=latest&period_type=duration&start=2006-01-01&unit=USD&dimensions= Input fundies:NetIncome: -11315333 USD (2006-01-01 to 2006-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6165 The citation records this snapshot. The page link may show a newer release later.	−USD 10.05 million Exact value Exact value: -10048847 USD 2006-01-01 – 2006-12-31: -10048847 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sirion Holdings, Inc. · 2006-12-31 Sirion Holdings, Inc. (edgar:1355015) Operating Cash Flow: -10048847 USD Concept: fundies:OperatingCashFlow Period: 2006-01-01 to 2006-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015/explain?concept=fundies%3AOperatingCashFlow&period=2006-12-31&surface=latest&period_type=duration&start=2006-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -10048847 USD (2006-01-01 to 2006-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6391 The citation records this snapshot. The page link may show a newer release later.	USD 1.15 million Exact value Exact value: 1149974 USD 2006-01-01 – 2006-12-31: 1149974 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sirion Holdings, Inc. · 2006-12-31 Sirion Holdings, Inc. (edgar:1355015) Capital Expenditure: 1149974 USD Concept: fundies:CapitalExpenditure Period: 2006-01-01 to 2006-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015/explain?concept=fundies%3ACapitalExpenditure&period=2006-12-31&surface=latest&period_type=duration&start=2006-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1149974 USD (2006-01-01 to 2006-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6477 The citation records this snapshot. The page link may show a newer release later.	−USD 11.2 million Calculation and evidence -10048847 − 1149974 USD Exact free cash flow: -11198821 USD 2006-01-01 – 2006-12-31: -10048847 USD · Inspect Operating Cash Flow · Source 2006-01-01 – 2006-12-31: 1149974 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sirion Holdings, Inc. · 2006-12-31 Sirion Holdings, Inc. (edgar:1355015) Free cash flow: -11198821 USD Concept: free-cash-flow Period: 2006-01-01 to 2006-12-31 Values: Latest reported Published: 2026-11-09T07:58:02Z Snapshot: e5884e9604a54b8111bbafbb5d9aa89fe64f23b8ca8287df70e5ffae0664bb9f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1355015?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -10048847 USD (2006-01-01 to 2006-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6391 Input fundies:CapitalExpenditure: 1149974 USD (2006-01-01 to 2006-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1355015/0000950144-07-002906.txt#6477 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

5 filings · 0 latest values · 0 originally reported values

Dataset published 2026-11-09. Source filing dates and reporting periods are shown separately.

Identifiers: 0001355015, 1355015, edgar:1355015

Also known as TENBY PHARMA INC

Sirion Holdings, Inc.

Latest quarter

Revenue

Operating margin

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2006 2006-01-01 – 2006-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation