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Ann: MDR AGM Presentation, page-23

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    eg netflix -

    net cashflows:

    2020: +$1.9 billion

    2019: -$3.3 billion

    2018: -$2.9 billion

    2017: -$2.0 billion

    2016: -$1.7 billion

    2015: -$0.9 billion

    2014: -$0.1 billion


    growth > early cashflow
 
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