So, if we look directly at the figures, Ametek has generated $7.75 billion in free cash flow over the last 10 years. This was spent on acquisitions ($8.7 billion) and dividends ($1.4 billion). Ametek makes several targeted acquisitions a year. The gap is naturally filled by debt ($1.9 bn, with $3.9 bn of debt issued and $2 bn of debt repaid), but this remains within perfectly acceptable standards for a growing company. The net debt/EBITDA ratio stands at 1.5.