Capital expenditure includes new ski lifts, trail works, grooming machines, snow-making equipment for Ski areas and new attractions and facilities at Leisure parks, as well as a variety of hardware and software. Capital expenditure has equated to 16% of consolidated sales over the last five years, or accrued €470 million. Meanwhile, Compagnie des Alpes has generated €630 million of cash flow, with free cash flow of €160 million.