Becton, Dickinson and Company (BDX)

Analysis: Growth Rates Industry: Medical - Instruments & Supplies Sector: Healthcare Live Price: $207.11

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	-14.56%	-5.03%	1.90%	8.38%	6.50%	8.64%	9.95%
Slope	-15.59%	-3.77%	1.09%	6.93%	7.37%	7.81%	7.74%
CAGR	-14.91%	-5.99%	0.74%	7.12%	5.40%	7.14%	7.74%
LSR	-14.91%	-4.07%	1.21%	8.90%	8.58%	9.56%	9.54%
Market Capitalization
Avg YoY	-14.31%	-4.85%	2.11%	8.52%	6.67%	8.76%	9.77%
Slope	-15.32%	-3.59%	1.32%	7.07%	7.51%	7.92%	7.83%
CAGR	-14.68%	-5.81%	0.97%	7.28%	5.60%	7.31%	7.73%
LSR	-14.68%	-3.88%	1.47%	9.06%	8.75%	9.72%	9.64%
(-) Cash & Equivalents
Avg YoY	-14.80%	-11.14%	110.41%	74.40%	59.00%	63.21%	51.47%
Slope	-21.19%	-14.56%	-23.53%	-4.53%	1.87%	4.72%	6.39%
CAGR	-22.30%	-21.53%	-9.23%	-3.93%	-1.43%	9.91%	6.24%
LSR	-22.30%	-13.21%	-12.64%	-5.35%	1.18%	6.64%	11.54%
(+) Total Debt
Avg YoY	11.09%	3.35%	4.49%	21.47%	21.86%	17.99%	17.38%
Slope	9.23%	4.27%	-1.49%	6.75%	10.13%	10.43%	9.91%
CAGR	10.15%	2.60%	2.58%	13.03%	14.17%	11.77%	11.80%
LSR	10.15%	4.26%	-1.22%	10.81%	17.61%	16.22%	13.96%
Enterprise Value
Avg YoY	-9.24%	-2.99%	3.34%	10.69%	8.65%	9.81%	10.54%
Slope	-9.78%	-1.70%	1.66%	7.52%	8.35%	8.61%	8.34%
CAGR	-9.61%	-3.56%	1.60%	8.83%	7.12%	8.09%	8.47%
LSR	-9.61%	-1.85%	1.98%	10.00%	10.22%	10.78%	10.27%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Revenue
Avg YoY	6.20%	3.42%	6.99%	8.36%	7.70%	7.95%	7.67%
Slope	6.03%	3.38%	5.79%	7.76%	7.31%	7.12%	6.92%
CAGR	6.18%	3.37%	6.41%	7.85%	7.29%	7.61%	7.38%
LSR	6.18%	3.37%	6.26%	8.76%	7.89%	7.81%	7.71%
Cost of Revenue
Avg YoY	3.23%	3.31%	7.71%	9.58%	8.51%	8.38%	8.58%
Slope	3.13%	3.17%	6.47%	8.64%	8.15%	7.71%	7.55%
CAGR	3.13%	3.21%	6.98%	8.87%	7.93%	7.92%	8.15%
LSR	3.13%	3.19%	7.16%	10.03%	8.96%	8.41%	8.60%
Gross Profit
Avg YoY	10.22%	3.76%	6.61%	7.48%	7.14%	7.72%	7.07%
Slope	9.67%	3.65%	4.96%	6.73%	6.36%	6.47%	6.24%
CAGR	10.21%	3.55%	5.77%	6.78%	6.60%	7.27%	6.63%
LSR	10.21%	3.59%	5.23%	7.38%	6.75%	7.15%	6.84%
Gross Margin
Avg YoY	3.86%	0.29%	-0.39%	-0.80%	-0.50%	-0.20%	-0.56%
Slope	3.69%	0.21%	-0.99%	-1.29%	-1.06%	-0.60%	-0.81%
CAGR	3.80%	0.18%	-0.61%	-0.99%	-0.64%	-0.32%	-0.70%
LSR	3.80%	0.21%	-0.97%	-1.27%	-1.06%	-0.61%	-0.81%
R&D Expenses
Avg YoY	1.21%	-0.22%	5.47%	7.97%	8.35%	8.17%	7.72%
Slope	1.10%	-0.77%	4.91%	7.54%	7.62%	7.69%	7.44%
CAGR	1.09%	-0.29%	4.81%	7.32%	7.83%	7.73%	—
LSR	1.09%	-0.77%	5.36%	8.66%	8.56%	8.86%	—
SG&A Expenses
Avg YoY	5.79%	2.89%	7.07%	8.60%	7.60%	7.73%	6.76%
Slope	5.64%	2.60%	5.57%	7.37%	7.19%	6.93%	6.62%
CAGR	5.75%	2.83%	6.46%	7.88%	7.04%	7.25%	6.25%
LSR	5.75%	2.58%	6.14%	8.32%	7.83%	7.55%	7.19%
Operating Expenses
Avg YoY	10.12%	3.78%	6.01%	9.50%	8.34%	8.42%	7.35%
Slope	9.60%	3.77%	4.26%	7.56%	7.62%	7.43%	6.83%
CAGR	10.12%	3.59%	5.44%	8.67%	7.67%	7.86%	6.73%
LSR	10.12%	3.71%	4.57%	8.92%	8.58%	8.33%	7.34%
Operating Income (EBIT)
Avg YoY	10.55%	3.76%	15.09%	9.85%	9.44%	10.07%	9.79%
Slope	9.89%	3.32%	7.23%	4.37%	3.13%	4.10%	4.76%
CAGR	10.51%	3.46%	6.77%	3.17%	4.38%	5.94%	6.36%
LSR	10.51%	3.27%	7.44%	4.05%	2.82%	4.39%	5.52%
Operating Margin
Avg YoY	4.19%	0.33%	6.34%	0.92%	1.26%	1.69%	1.76%
Slope	3.94%	-0.11%	0.97%	-5.01%	-4.78%	-2.92%	-1.73%
CAGR	4.08%	0.09%	0.33%	-4.34%	-2.71%	-1.56%	-0.95%
LSR	4.08%	-0.10%	1.11%	-4.33%	-4.70%	-3.17%	-2.03%
Interest Income
Avg YoY	77.98%	110.00%	65.87%	41.17%	34.68%	34.68%	34.68%
Slope	-6.60%	37.27%	9.25%	3.74%	5.46%	8.30%	9.10%
CAGR	-11.94%	43.35%	6.81%	-0.91%	—	—	—
LSR	-11.94%	68.23%	6.49%	-0.94%	—	—	—
Interest Expense
Avg YoY	16.46%	7.84%	7.01%	21.66%	23.83%	23.83%	23.83%
Slope	15.16%	8.50%	0.03%	8.23%	11.49%	12.16%	11.78%
CAGR	16.46%	6.92%	5.21%	15.25%	—	—	—
LSR	16.46%	8.53%	0.27%	12.86%	—	—	—
Net Interest Income
Avg YoY	24.05%	9.16%	7.91%	34.88%	24.98%	24.98%	24.98%
Slope	-19.21%	-4.87%	0.85%	-8.76%	-12.33%	-12.69%	-12.15%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Income / Expense
Avg YoY	28.37%	10.00%	9.29%	34.43%	33.76%	21.47%	31.43%
Slope	-21.82%	-4.00%	-1.05%	-9.61%	-12.73%	-12.32%	-10.88%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unusual Items
Avg YoY	28.37%	10.00%	9.29%	34.43%	33.76%	21.47%	31.43%
Slope	21.82%	4.00%	1.05%	9.61%	12.73%	12.32%	10.88%
CAGR	22.14%	5.71%	6.47%	20.94%	26.10%	12.90%	12.92%
LSR	22.14%	2.97%	0.95%	16.89%	—	—	—
EBT excl. Unusual
Avg YoY	1.52%	6.67%	-20.55%	24.86%	20.20%	19.61%	19.53%
Slope	-11.18%	2.59%	26.87%	-5.41%	-6.83%	-2.91%	-0.05%
CAGR	-13.15%	-2.42%	6.35%	-6.34%	-3.10%	0.78%	1.88%
LSR	-13.15%	1.29%	—	—	—	—	—
Pre-Tax Income
Avg YoY	7.25%	3.27%	29.81%	18.78%	15.94%	15.69%	14.63%
Slope	5.95%	3.34%	8.77%	2.71%	1.08%	2.63%	3.82%
CAGR	6.41%	2.70%	6.43%	1.09%	2.74%	5.05%	5.54%
LSR	6.41%	3.36%	9.18%	2.20%	0.55%	2.66%	4.55%
Pre-Tax Margin
Avg YoY	1.27%	0.04%	17.65%	7.73%	6.20%	6.03%	5.58%
Slope	0.21%	0.04%	2.58%	-7.28%	-6.81%	-4.14%	-2.29%
CAGR	0.22%	-0.65%	0.02%	-6.27%	-4.24%	-2.38%	-1.71%
LSR	0.22%	-0.02%	2.75%	-6.03%	-6.81%	-4.77%	-2.94%
Income Tax Expense
Avg YoY	47.64%	38.16%	-127.09%	-79.67%	-56.98%	-40.74%	-32.71%
Slope	16.98%	22.02%	3.26%	-5.20%	-5.64%	-1.88%	0.43%
CAGR	24.32%	23.39%	8.61%	-4.98%	-2.19%	1.63%	2.15%
LSR	24.32%	26.97%	—	—	—	—	—
Net Income
Avg YoY	6.65%	-4.56%	36.61%	23.05%	20.02%	19.08%	17.38%
Slope	5.98%	-5.16%	8.83%	3.84%	2.76%	4.10%	4.99%
CAGR	6.34%	-5.36%	6.21%	2.00%	4.31%	6.14%	6.32%
LSR	6.34%	-4.72%	11.34%	3.53%	2.30%	4.37%	5.98%
Net Margin
Avg YoY	0.62%	-7.82%	27.81%	14.13%	11.82%	10.64%	9.32%
Slope	0.14%	-8.47%	2.82%	-5.88%	-5.07%	-2.69%	-1.16%
CAGR	0.15%	-8.44%	-0.19%	-5.42%	-2.77%	-1.37%	-0.99%
LSR	0.15%	-7.83%	4.79%	-4.81%	-5.18%	-3.19%	-1.61%
Depreciation & Amortization
Avg YoY	3.81%	2.08%	11.42%	14.11%	11.60%	10.41%	10.14%
Slope	3.71%	1.89%	6.66%	10.91%	10.40%	9.55%	8.86%
CAGR	3.73%	2.02%	9.21%	11.99%	9.96%	9.08%	9.03%
LSR	3.73%	1.87%	8.25%	14.38%	12.33%	10.72%	9.81%
EBITDA
Avg YoY	7.04%	2.83%	9.61%	7.82%	7.67%	8.25%	8.31%
Slope	6.81%	2.60%	6.94%	7.46%	6.30%	6.41%	6.48%
CAGR	7.04%	2.74%	7.89%	6.20%	6.42%	7.19%	7.42%
LSR	7.04%	2.57%	7.64%	7.98%	6.40%	6.92%	7.32%
EBITDA Margin
Avg YoY	0.82%	-0.56%	1.92%	-0.70%	-0.16%	0.17%	0.52%
Slope	0.80%	-0.78%	1.27%	-0.83%	-1.44%	-0.82%	-0.35%
CAGR	0.81%	-0.60%	1.39%	-1.52%	-0.81%	-0.39%	0.04%
LSR	0.81%	-0.78%	1.30%	-0.71%	-1.38%	-0.83%	-0.36%
NOPAT
Avg YoY	10.55%	3.76%	15.09%	9.85%	9.44%	10.07%	9.79%
Slope	9.89%	3.32%	7.23%	4.37%	3.13%	4.10%	4.76%
CAGR	10.51%	3.46%	6.77%	3.17%	4.38%	5.94%	6.36%
LSR	10.51%	3.27%	7.44%	4.05%	2.82%	4.39%	5.52%
NOPAT Margin
Avg YoY	4.19%	0.33%	6.34%	0.92%	1.26%	1.69%	1.76%
Slope	3.94%	-0.11%	0.97%	-5.01%	-4.78%	-2.92%	-1.73%
CAGR	4.08%	0.09%	0.33%	-4.34%	-2.71%	-1.56%	-0.95%
LSR	4.08%	-0.10%	1.11%	-4.33%	-4.70%	-3.17%	-2.03%
Owner's Earnings
Avg YoY	8.09%	2.13%	13.43%	10.48%	10.89%	12.44%	-12.81%
Slope	7.58%	2.30%	9.98%	9.48%	8.31%	7.96%	8.61%
CAGR	8.00%	1.91%	10.54%	7.87%	8.85%	10.09%	8.45%
LSR	8.00%	2.27%	11.73%	10.19%	8.66%	8.69%	—
Owner's Earnings Margin
Avg YoY	1.91%	-1.25%	6.43%	2.32%	3.27%	4.43%	-18.78%
Slope	1.66%	-1.08%	4.67%	1.26%	0.75%	0.81%	3.11%
CAGR	1.71%	-1.41%	3.88%	0.02%	1.45%	2.30%	0.99%
LSR	1.71%	-1.07%	5.15%	1.32%	0.72%	0.81%	—
EPS (Basic)
Avg YoY	6.51%	-4.41%	32.74%	20.88%	19.04%	18.48%	16.91%
Slope	5.95%	-5.12%	5.75%	0.22%	1.10%	3.22%	4.44%
CAGR	6.27%	-5.14%	2.74%	0.13%	3.51%	5.66%	6.02%
LSR	6.27%	-4.70%	7.79%	0.20%	0.90%	3.83%	5.77%
EPS (Diluted)
Avg YoY	6.80%	-4.21%	33.21%	21.19%	19.36%	18.77%	17.07%
Slope	6.22%	-4.91%	5.99%	0.39%	1.26%	3.35%	4.53%
CAGR	6.57%	-4.96%	2.98%	0.28%	3.70%	5.83%	6.02%
LSR	6.57%	-4.51%	8.06%	0.35%	1.06%	3.98%	5.87%
Shares (Basic)
Avg YoY	0.06%	-0.23%	3.51%	2.02%	0.91%	0.56%	0.38%
Slope	0.06%	-0.02%	3.07%	3.23%	1.44%	0.58%	0.25%
CAGR	0.06%	-0.23%	3.37%	1.87%	0.78%	0.45%	0.28%
LSR	0.06%	-0.02%	3.30%	3.33%	1.39%	0.52%	0.20%
Shares (Diluted)
Avg YoY	-0.21%	-0.42%	3.28%	1.87%	0.73%	0.40%	0.38%
Slope	-0.22%	-0.22%	2.83%	3.08%	1.26%	0.42%	0.15%
CAGR	-0.22%	-0.43%	3.13%	1.72%	0.59%	0.29%	0.29%
LSR	-0.22%	-0.22%	3.04%	3.17%	1.23%	0.37%	0.11%

Product Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Interventional
Avg YoY	4.96%	6.48%	7.27%	7.27%	7.27%
Slope	4.83%	6.17%	5.70%	5.70%	5.70%
CAGR	4.96%	6.46%	6.89%	6.89%	6.89%
LSR	4.96%	6.44%	6.00%	6.00%	6.00%
Life Sciences
Avg YoY	-3.93%	3.45%	0.43%	0.43%	0.43%
Slope	-4.16%	-1.06%	0.76%	0.76%	0.76%
CAGR	-4.02%	1.88%	-0.36%	-0.36%	-0.36%
LSR	-4.02%	-0.78%	0.73%	0.73%	0.73%
Medical
Avg YoY	6.08%	3.14%	1.75%	6.02%	6.02%
Slope	5.88%	2.56%	-0.84%	3.61%	3.61%
CAGR	6.08%	3.02%	1.19%	5.29%	5.29%
LSR	6.08%	2.56%	-0.76%	4.33%	4.33%
Biosciences
Avg YoY	6.58%	0.08%	0.08%	0.08%	0.08%
Slope	6.35%	0.31%	0.31%	0.31%	0.31%
CAGR	6.57%	-0.37%	-0.37%	-0.37%	-0.37%
LSR	6.57%	0.37%	0.37%	0.37%	0.37%
Diagnostics
Avg YoY	-11.55%	-4.07%	-4.07%	-4.07%	-4.07%
Slope	-14.40%	-8.11%	-8.11%	-8.11%	-8.11%
CAGR	-12.80%	-5.53%	-5.53%	-5.53%	-5.53%
LSR	-12.80%	-7.86%	-7.86%	-7.86%	-7.86%

Geographic Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Asia
Avg YoY	-2.94%	2.99%	3.81%	11.20%	11.20%
Slope	-3.02%	0.67%	3.77%	7.27%	7.27%
CAGR	-2.95%	2.37%	3.32%	10.13%	10.13%
LSR	-2.95%	0.84%	4.00%	9.01%	9.01%
Europe
Avg YoY	3.69%	6.47%	3.84%	4.18%	4.18%
Slope	3.61%	2.80%	2.68%	2.24%	2.24%
CAGR	3.69%	5.26%	2.87%	3.28%	3.28%
LSR	3.69%	3.15%	2.71%	2.30%	2.30%
Others Country
Avg YoY	6.17%	-3.07%	-1.99%	1.58%	1.58%
Slope	6.00%	-4.25%	-3.95%	-2.38%	-2.38%
CAGR	6.14%	-3.54%	-3.92%	-0.14%	-0.14%
LSR	6.14%	-3.98%	-3.78%	-2.40%	-2.40%
UNITED STATES
Avg YoY	3.64%	3.95%	6.14%	9.32%	9.32%
Slope	3.58%	3.28%	4.30%	7.48%	7.48%
CAGR	3.64%	3.89%	5.66%	8.62%	8.62%
LSR	3.64%	3.37%	4.60%	8.85%	8.85%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Cash & Cash Equivalents
Avg YoY	-14.80%	-11.14%	110.41%	74.40%	59.00%	63.21%	51.47%
Slope	-21.19%	-14.56%	-23.53%	-4.53%	1.87%	4.72%	6.39%
CAGR	-22.30%	-21.53%	-9.23%	-3.93%	-1.43%	9.91%	6.24%
LSR	-22.30%	-13.21%	-12.64%	-5.35%	1.18%	6.64%	11.54%
Short-Term Investments
Avg YoY	2,657.15%	1,320.43%	569.24%	386.79%	297.42%	247.34%	227.50%
Slope	0.01%	44.59%	-9.39%	-18.73%	-7.70%	-0.45%	2.99%
CAGR	0.22%	-9.25%	-36.60%	-25.49%	-13.24%	2.06%	—
LSR	0.22%	38.12%	-16.72%	-27.56%	-18.14%	—	—
Cash & Short-Term Investments
Avg YoY	-4.63%	-6.11%	91.32%	62.64%	51.25%	57.01%	46.33%
Slope	-19.00%	-10.90%	-23.07%	-5.92%	0.75%	4.13%	6.01%
CAGR	-22.16%	-21.45%	-11.26%	-5.80%	-1.90%	9.71%	6.28%
LSR	-22.16%	-11.19%	-12.87%	-7.29%	-0.35%	6.32%	11.66%
Net Receivables
Avg YoY	9.33%	7.17%	4.17%	5.38%	6.53%	5.96%	5.96%
Slope	8.31%	8.35%	2.96%	3.78%	4.72%	5.23%	5.12%
CAGR	8.94%	6.70%	3.83%	4.77%	5.99%	5.52%	5.52%
LSR	8.94%	8.67%	2.88%	3.97%	5.20%	5.90%	5.65%
Inventory
Avg YoY	9.53%	9.92%	6.44%	7.18%	7.99%	7.49%	8.25%
Slope	8.71%	8.79%	6.00%	5.45%	6.23%	6.54%	6.52%
CAGR	9.32%	9.62%	6.19%	6.66%	7.54%	7.05%	7.83%
LSR	9.32%	9.40%	6.10%	5.74%	6.94%	7.46%	7.57%
Other Current Assets
Avg YoY	2.48%	196.18%	124.08%	79.27%	79.27%	52.11%	31.76%
Slope	2.39%	35.51%	21.97%	21.48%	19.58%	15.79%	10.43%
CAGR	2.38%	39.77%	6.60%	—	—	—	7.76%
LSR	2.38%	63.25%	—	—	—	—	—
Total Current Assets
Avg YoY	4.59%	6.60%	19.02%	15.59%	14.30%	14.34%	12.59%
Slope	3.28%	8.18%	-4.05%	1.54%	4.34%	5.67%	6.11%
CAGR	3.51%	4.85%	1.96%	4.32%	5.74%	7.38%	6.76%
LSR	3.51%	8.66%	-1.44%	2.06%	5.23%	7.13%	7.60%
Property, Plant & Equipment
Avg YoY	3.53%	4.38%	3.59%	4.11%	6.02%	5.89%	5.98%
Slope	3.47%	4.53%	2.55%	2.94%	4.40%	5.23%	5.48%
CAGR	3.53%	4.35%	3.47%	3.94%	5.83%	5.72%	5.83%
LSR	3.53%	4.65%	2.58%	3.07%	5.02%	6.15%	6.46%
Goodwill
Avg YoY	16.71%	9.36%	21.31%	54.94%	44.59%	37.36%	37.36%
Slope	15.46%	7.82%	8.56%	14.61%	15.15%	14.43%	13.35%
CAGR	16.30%	8.90%	14.46%	26.29%	23.15%	19.46%	—
LSR	16.30%	7.70%	11.27%	28.34%	28.81%	—	—
Intangible Assets
Avg YoY	-36.69%	-21.72%	0.67%	37.78%	33.30%	28.54%	30.09%
Slope	-48.07%	-20.87%	-3.88%	7.48%	10.81%	10.90%	10.29%
CAGR	-47.59%	-30.13%	-10.81%	5.50%	8.95%	7.71%	9.95%
LSR	-47.59%	-25.93%	-5.93%	13.86%	19.62%	16.72%	14.45%
Long-Term Investments
Avg YoY	—	—	-97.68%	2,877.03%	2,877.03%	2,877.03%	2,877.03%
Slope	—	—	-54.01%	-13.78%	-0.22%	4.67%	6.58%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Current Assets
Avg YoY	21.58%	8.63%	14.08%	14.37%	12.09%	10.95%	13.60%
Slope	19.22%	9.22%	11.40%	11.10%	10.03%	8.61%	7.80%
CAGR	21.54%	7.04%	12.16%	12.83%	10.43%	8.28%	9.68%
LSR	21.54%	9.19%	12.21%	12.26%	10.80%	8.71%	8.15%
Other Assets
Avg YoY	—	52.47%	-95.53%	-84.05%	-84.05%	-84.05%	-84.05%
Slope	—	-62.35%	23.52%	123.41%	61.77%	34.69%	20.74%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Non-Current Assets
Avg YoY	2.47%	1.03%	10.38%	22.84%	20.13%	17.09%	16.49%
Slope	2.38%	1.12%	4.28%	10.30%	11.54%	11.21%	10.48%
CAGR	2.43%	1.00%	6.81%	14.05%	13.62%	11.67%	11.93%
LSR	2.43%	1.12%	5.53%	15.58%	16.85%	15.46%	13.80%
Total Assets
Avg YoY	2.72%	1.66%	6.74%	14.14%	13.43%	12.35%	11.92%
Slope	2.53%	2.24%	2.76%	8.46%	9.91%	9.91%	9.44%
CAGR	2.61%	1.59%	5.83%	11.25%	11.27%	10.59%	10.40%
LSR	2.61%	2.25%	3.25%	11.63%	13.50%	13.15%	12.13%
Accounts Payable
Avg YoY	-42.75%	-22.49%	-1.80%	5.69%	6.23%	19.88%	18.54%
Slope	-69.93%	-23.48%	1.06%	6.81%	8.24%	6.99%	7.03%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Short-Term Debt
Avg YoY	30.67%	89.12%	125.36%	122.46%	91.62%	84.94%	76.59%
Slope	13.15%	14.00%	3.93%	7.80%	8.88%	8.41%	6.74%
CAGR	17.19%	33.48%	1.86%	12.55%	6.43%	4.97%	6.56%
LSR	17.19%	25.78%	8.00%	11.54%	10.81%	9.97%	6.83%
Tax Payables
Avg YoY	-40.11%	-25.59%	-12.92%	70.47%	102.17%	102.17%	102.17%
Slope	-68.25%	-26.81%	-15.36%	4.71%	9.65%	10.98%	10.96%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Current Liabilities
Avg YoY	-100.00%	-100.00%	-100.00%	-3,120.68%	-2,090.98%	-1,336.74%	-988.22%
Slope	149.96%	95.55%	49.69%	35.35%	18.12%	13.58%	6.44%
CAGR	8,135.88%	157.61%	44.27%	—	15.13%	22.31%	9.82%
LSR	—	—	—	—	—	—	—
Total Current Liabilities
Avg YoY	71.30%	43.54%	30.73%	38.01%	25.36%	22.70%	19.64%
Slope	52.64%	26.67%	11.11%	11.99%	10.40%	8.94%	6.93%
CAGR	69.04%	34.65%	12.81%	19.35%	10.65%	10.48%	8.26%
LSR	69.04%	27.32%	10.31%	14.41%	10.94%	8.65%	5.98%
Long-Term Debt
Avg YoY	10.09%	2.11%	5.22%	20.91%	22.81%	19.49%	18.31%
Slope	8.85%	3.37%	-1.92%	6.66%	10.24%	10.62%	10.23%
CAGR	9.59%	1.17%	2.65%	13.08%	15.89%	13.52%	13.00%
LSR	9.59%	3.42%	-1.59%	10.74%	18.62%	17.37%	15.46%
Capital Lease Obligations
Avg YoY	-100.00%	-100.00%	-54.85%	-62.37%	-41.24%	-41.24%	-41.24%
Slope	-150.00%	0.00%	-19.70%	-37.29%	-16.09%	-5.48%	-0.47%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Deferred Tax Liabilities
Avg YoY	—	-50.71%	10.64%	52.39%	42.17%	37.18%	35.33%
Slope	—	-75.18%	-12.88%	3.88%	9.04%	10.14%	10.18%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Current Liabilities
Avg YoY	-15.14%	115.27%	48.24%	33.66%	34.67%	26.97%	22.74%
Slope	-16.87%	28.06%	16.00%	9.33%	9.47%	9.25%	8.52%
CAGR	-15.31%	34.13%	9.70%	8.04%	14.56%	10.56%	9.09%
LSR	-15.31%	48.33%	14.04%	6.69%	9.61%	9.94%	8.88%
Total Non-Current Liabilities
Avg YoY	0.88%	-1.35%	2.09%	6.72%	2,710.84%	2,147.07%	1,778.48%
Slope	0.81%	-0.36%	-2.16%	-29.84%	-14.01%	-4.18%	0.40%
CAGR	0.82%	-1.72%	1.08%	-25.61%	14.77%	12.44%	11.73%
LSR	0.82%	-0.28%	-1.99%	-4.20%	1.79%	12.02%	14.35%
Total Liabilities
Avg YoY	11.30%	4.19%	4.02%	8.19%	1,744.46%	1,382.38%	1,145.05%
Slope	10.73%	4.20%	-0.43%	-28.80%	-13.70%	-4.00%	0.50%
CAGR	11.27%	3.88%	3.26%	-23.86%	13.30%	11.80%	10.40%
LSR	11.27%	4.11%	-0.31%	-3.26%	0.93%	10.43%	12.05%
Preferred Stock
Avg YoY	—	-49.18%	-20.60%	-20.60%	-20.60%	-24.71%	-18.27%
Slope	—	-74.80%	-13.78%	7.30%	11.62%	-17.91%	-13.82%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock
Avg YoY	0.23%	0.85%	-1.71%	-0.76%	0.12%	0.27%	0.17%
Slope	0.22%	0.70%	-1.93%	-2.15%	-0.52%	0.13%	2.18%
CAGR	0.22%	0.84%	-1.87%	-0.92%	-0.01%	0.16%	—
LSR	0.22%	0.71%	-1.81%	-2.11%	-0.52%	0.12%	—
Retained Earnings
Avg YoY	3.67%	5.23%	0.21%	2.59%	5.96%	7.26%	7.30%
Slope	3.61%	4.46%	0.27%	0.12%	3.22%	4.97%	5.76%
CAGR	3.67%	5.16%	-0.12%	2.22%	5.53%	6.88%	6.98%
LSR	3.67%	4.63%	0.32%	0.18%	4.07%	6.60%	7.78%
Accumulated OCI
Avg YoY	10.16%	-0.90%	-2.23%	10.27%	-11.57%	-15.20%	-10.66%
Slope	-9.63%	0.82%	4.59%	-2.80%	-8.04%	-8.40%	-8.70%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Shareholders’ Equity
Avg YoY	2.86%	6.38%	0.85%	2.34%	5.21%	6.98%	6.95%
Slope	2.82%	5.01%	0.94%	-0.30%	2.55%	4.40%	5.28%
CAGR	2.86%	6.18%	0.32%	1.79%	4.69%	6.49%	6.55%
LSR	2.86%	5.32%	0.98%	-0.27%	3.12%	5.77%	7.06%
Total Equity
Avg YoY	2.86%	6.38%	0.85%	2.34%	5.21%	6.98%	6.95%
Slope	2.82%	5.01%	0.94%	-0.30%	2.55%	4.40%	5.28%
CAGR	2.86%	6.18%	0.32%	1.79%	4.69%	6.49%	6.55%
LSR	2.86%	5.32%	0.98%	-0.27%	3.12%	5.77%	7.06%
Total Liabilities & Equity
Avg YoY	8.24%	4.69%	2.48%	-0.84%	445.98%	355.38%	295.15%
Slope	7.94%	4.48%	0.02%	-25.68%	-12.68%	-3.43%	0.84%
CAGR	8.22%	4.63%	2.17%	-21.66%	8.77%	9.24%	8.61%
LSR	8.22%	4.48%	0.04%	-5.62%	-2.07%	6.93%	9.60%
Tangible Assets
Avg YoY	6.13%	5.63%	9.49%	9.43%	9.66%	9.52%	8.98%
Slope	5.54%	6.96%	-0.43%	2.75%	4.82%	5.76%	6.03%
CAGR	5.84%	5.00%	2.80%	4.99%	6.29%	6.81%	6.69%
LSR	5.84%	7.23%	0.46%	3.14%	5.70%	6.97%	7.29%
Tangible Equity
Avg YoY	-0.10%	-3.40%	138.75%	79.39%	61.74%	52.43%	43.83%
Slope	0.29%	3.18%	-6.67%	-27.81%	-34.68%	-34.16%	-31.55%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Tangible Book Value
Avg YoY	-0.10%	-3.40%	138.75%	79.39%	61.74%	52.43%	43.83%
Slope	0.29%	3.18%	-6.67%	-27.81%	-34.68%	-34.16%	-31.55%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Investments
Avg YoY	2,657.15%	1,320.43%	566.66%	374.01%	288.01%	239.56%	220.35%
Slope	0.01%	44.59%	-31.94%	-16.95%	-5.53%	1.01%	4.02%
CAGR	0.22%	-9.25%	-44.23%	-25.49%	-13.24%	2.06%	—
LSR	0.22%	38.12%	-24.11%	-30.27%	-18.09%	—	—
Net Debt
Avg YoY	13.52%	5.65%	22.23%	47.36%	51.62%	38.75%	35.31%
Slope	11.59%	5.94%	3.01%	9.40%	12.29%	11.98%	10.85%
CAGR	12.83%	5.02%	3.71%	17.32%	21.85%	11.88%	12.46%
LSR	12.83%	5.97%	4.78%	15.86%	25.47%	20.50%	14.95%

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Working Capital
Avg YoY	-31.61%	91.60%	165.42%	106.55%	82.69%	72.01%	60.31%
Slope	-36.46%	-9.35%	-24.50%	-9.05%	-2.09%	1.65%	3.79%
CAGR	-31.81%	-18.87%	-10.65%	-9.15%	-3.35%	2.39%	1.84%
LSR	-31.81%	-1.62%	-11.24%	-11.79%	-5.70%	-0.12%	3.80%
Total Capital
Avg YoY	3.79%	2.45%	7.97%	14.87%	13.72%	12.73%	12.63%
Slope	3.51%	2.82%	2.62%	8.60%	10.00%	9.97%	9.54%
CAGR	3.64%	2.37%	6.48%	11.61%	11.29%	10.77%	10.94%
LSR	3.64%	2.85%	3.19%	11.98%	13.61%	13.21%	12.45%
Capital Employed
Avg YoY	1.20%	0.34%	7.29%	14.12%	13.90%	12.95%	12.54%
Slope	1.15%	0.80%	2.15%	8.31%	9.93%	9.99%	9.62%
CAGR	1.17%	0.30%	5.94%	10.99%	11.57%	11.06%	10.95%
LSR	1.17%	0.80%	2.74%	11.60%	13.76%	13.52%	12.87%
Invested Capital
Avg YoY	4.53%	3.41%	10.41%	18.43%	16.60%	14.22%	14.05%
Slope	4.28%	3.43%	4.84%	9.89%	10.84%	10.53%	9.87%
CAGR	4.44%	3.34%	7.25%	12.81%	12.43%	10.79%	11.13%
LSR	4.44%	3.49%	5.97%	13.85%	14.70%	13.69%	12.42%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Net Income
Avg YoY	5.09%	-4.42%	32.75%	21.14%	18.82%	18.30%	16.68%
Slope	4.75%	-4.89%	6.10%	1.26%	1.55%	3.39%	4.55%
CAGR	4.96%	-4.96%	2.98%	0.32%	3.26%	5.83%	6.02%
LSR	4.96%	-4.51%	8.18%	1.12%	1.24%	3.86%	5.77%
Depreciation & Amortization
Avg YoY	4.09%	2.53%	7.06%	11.39%	10.28%	9.56%	9.38%
Slope	3.95%	2.11%	4.40%	8.63%	9.09%	8.78%	8.34%
CAGR	3.96%	2.46%	5.89%	10.11%	9.32%	8.76%	8.72%
LSR	3.96%	2.09%	5.06%	10.86%	10.97%	10.30%	9.70%
Deferred Income Tax
Avg YoY	-30.65%	-104.48%	-42.79%	-103.25%	-70.76%	-179.69%	-124.92%
Slope	16.74%	-12.75%	0.87%	-10.54%	-12.54%	-13.97%	-12.70%
CAGR	-12.51%	12.23%	-1.88%	—	7.45%	—	12.73%
LSR	-12.51%	15.89%	-2.08%	—	—	—	—
Stock-Based Compensation
Avg YoY	0.19%	3.64%	1.91%	9.49%	6.66%	6.66%	6.66%
Slope	0.03%	3.15%	-1.08%	4.40%	7.45%	9.57%	9.98%
CAGR	0.03%	3.47%	-0.03%	7.55%	—	—	—
LSR	0.03%	3.24%	-0.89%	5.72%	—	—	—
Change in Working Capital
Avg YoY	-120.83%	-200.83%	-44.80%	344.00%	241.06%	144.85%	104.16%
Slope	2.73%	-9.64%	-112.13%	-66.75%	-17.03%	-22.92%	-10.62%
CAGR	-1.49%	—	—	6.73%	8.39%	16.93%	12.58%
LSR	—	—	—	—	—	—	—
Accounts Receivable
Avg YoY	30.54%	-201.92%	-93.85%	-522.02%	-419.89%	-419.89%	-419.89%
Slope	81.18%	-10.34%	-2.06%	-11.31%	-7.36%	-9.52%	-9.94%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Inventory
Avg YoY	111.71%	-48.91%	7.88%	8.82%	0.33%	-14.84%	-22.85%
Slope	-180.54%	5.26%	-36.13%	-9.15%	-3.21%	-5.96%	-4.55%
CAGR	423.97%	41.51%	—	7.49%	6.86%	10.85%	13.30%
LSR	—	—	—	—	—	—	—
Accounts Payable
Avg YoY	44.90%	-22.27%	56.36%	208.90%	208.90%	208.90%	208.90%
Slope	595.35%	-263.87%	-40.87%	-12.52%	0.49%	5.12%	6.89%
CAGR	-40.05%	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Working Capital
Avg YoY	-418.19%	-199.28%	-16.99%	3.87%	16.86%	219.80%	283.72%
Slope	-156.22%	12.60%	-132.58%	-4.43%	-34.06%	-133.52%	-50.19%
CAGR	579.74%	8.05%	—	5.04%	8.66%	—	—
LSR	—	—	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-41.65%	43.26%	31.22%	54.05%	57.16%	47.10%	56.84%
Slope	-52.57%	17.19%	-38.20%	-6.99%	-2.66%	2.55%	2.90%
CAGR	-7.71%	42.85%	-2.79%	6.75%	4.49%	7.42%	11.06%
LSR	—	—	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	8.73%	-2.96%	2.48%	5.39%	7.46%	7.60%	8.46%
Slope	6.71%	-3.34%	0.27%	3.31%	4.47%	5.33%	6.02%
CAGR	7.36%	-6.91%	0.17%	3.30%	5.67%	6.06%	6.86%
LSR	7.36%	-2.17%	0.16%	3.51%	5.04%	6.32%	7.74%
Capital Expenditures (PPE)
Avg YoY	5.77%	10.42%	0.77%	-1.14%	-2.89%	-4.32%	-9.51%
Slope	7.04%	12.78%	2.25%	-0.28%	-1.52%	-3.61%	-3.17%
CAGR	-6.54%	-10.98%	-2.42%	-0.07%	1.82%	2.74%	5.16%
LSR	-6.54%	-11.64%	-2.45%	0.20%	1.61%	4.62%	3.98%
Acquisitions (Net)
Avg YoY	-360.07%	-227.08%	-15,510.14%	-11,339.38%	-8,472.13%	-7,655.74%	-7,309.67%
Slope	-24.19%	-6.82%	12.98%	0.89%	-6.36%	-8.82%	-9.44%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Purchases of Investments
Avg YoY	100.00%	100.00%	17,709.05%	7,893.42%	9,101.51%	6,666.32%	6,028.17%
Slope	0.00%	-50.00%	-58.19%	-37.43%	-13.49%	-3.82%	0.69%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Sales / Maturities of Investments
Avg YoY	—	—	-75.58%	61,818.86%	6,598,043.50%	5,075,404.76%	3,881,345.10%
Slope	150.00%	100.00%	-21.27%	-32.03%	-13.43%	-3.78%	0.71%
CAGR	—	—	-8.60%	7.45%	—	17.85%	16.04%
LSR	—	—	—	—	—	—	—
Other Investing Activities
Avg YoY	-12.38%	-40.69%	-4.82%	-6.24%	-33,805.66%	-26,763.12%	-22,198.29%
Slope	-11.52%	-28.71%	16.09%	34.59%	13.41%	3.77%	-0.72%
CAGR	12.34%	36.42%	-8.71%	-40.28%	12.65%	5.55%	—
LSR	12.34%	39.53%	-12.23%	-33.10%	-7.48%	5.85%	—
Net Cash from Investing Activities
Avg YoY	-289.11%	-143.75%	-225.77%	-193.78%	-146.58%	-119.57%	-110.51%
Slope	-2.26%	-0.63%	8.16%	-0.03%	-4.77%	-6.80%	-6.95%
CAGR	7.12%	-18.43%	-0.85%	-3.36%	-0.38%	1.43%	6.86%
LSR	7.12%	-10.49%	-0.57%	1.26%	3.95%	7.04%	7.12%
Net Debt Issuance
Avg YoY	241.17%	-68.16%	14.29%	11,333.18%	8,938.80%	7,102.13%	5,890.61%
Slope	-55.20%	59.49%	-36.76%	-14.62%	-1.21%	4.28%	5.52%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	312.35%	134.09%	144.54%	95.59%	84,758.56%	65,499.70%	53,384.07%
Slope	-185.44%	53.37%	-49.21%	-16.72%	-2.54%	3.54%	5.00%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	143.82%	29.33%	15.12%	117.12%	-992.57%	-862.34%	-862.34%
Slope	165.30%	63.19%	335.76%	43.54%	60.76%	31.04%	24.88%
CAGR	—	—	—	18.33%	6.56%	—	—
LSR	—	—	—	—	—	—	—
Net Stock Issuance
Avg YoY	-102.71%	22.75%	2,319.57%	1,407.49%	923.59%	672.62%	617.69%
Slope	-100.45%	19.48%	-70.54%	494.70%	38.88%	19.13%	10.88%
CAGR	—	-12.68%	—	—	5.90%	—	4.06%
LSR	—	—	—	—	—	—	—
Common Stock Issuance
Avg YoY	—	—	-100.00%	-40.62%	-19.34%	-2.64%	5.69%
Slope	—	—	-30.66%	-0.90%	5.40%	6.85%	7.65%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock Repurchased
Avg YoY	-102.71%	22.75%	-80.13%	-25.54%	-29.23%	-27.92%	-13.29%
Slope	-100.45%	19.48%	-19.98%	8.41%	3.28%	-0.21%	-2.62%
CAGR	—	-12.68%	42.14%	-4.49%	3.69%	—	3.64%
LSR	—	—	—	—	—	—	—
Preferred Stock Issuance
Avg YoY	—	—	—	—	—	-100.00%	-100.00%
Slope	—	—	—	—	—	-17.31%	-8.68%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Dividends Paid
Avg YoY	-4.03%	-3.90%	-5.66%	-7.25%	-9.04%	-10.91%	-10.79%
Slope	-3.85%	-3.05%	-3.72%	-6.24%	-7.42%	-8.27%	-8.38%
CAGR	3.84%	3.80%	5.45%	7.09%	8.88%	10.51%	10.45%
LSR	3.84%	3.07%	4.00%	7.09%	8.93%	11.11%	11.58%
Common Dividends Paid
Avg YoY	-4.03%	-3.90%	-5.66%	-7.25%	-9.04%	-10.89%	-10.78%
Slope	-3.85%	-3.05%	-3.72%	-6.24%	-7.42%	-8.27%	-8.39%
CAGR	3.84%	3.80%	5.45%	7.09%	8.88%	10.51%	10.45%
LSR	3.84%	3.07%	4.00%	7.09%	8.93%	11.12%	11.58%
Preferred Dividends Paid
Avg YoY	—	—	—	—	—	100.00%	100.00%
Slope	—	—	—	—	—	17.31%	8.68%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Financing Activities
Avg YoY	13.56%	106.49%	0.26%	21.60%	20.31%	24.40%	18.75%
Slope	16.61%	-78.55%	102.25%	42.39%	-26.99%	-13.03%	-5.71%
CAGR	-14.66%	—	—	—	—	—	—
LSR	-14.66%	—	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	-34.99%	-54.52%	-2,165.26%	-1,349.87%	-1,070.84%	-851.71%	-693.19%
Slope	-71.39%	13.03%	-596.84%	-49.94%	-19.30%	111.26%	305.82%
CAGR	36.25%	2.71%	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Effect of FX on Cash
Avg YoY	-60.36%	-103.65%	20.94%	6.71%	72.42%	348.62%	278.81%
Slope	-83.67%	45.60%	20.11%	7.56%	-10.78%	-15.79%	-9.07%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Change in Cash
Avg YoY	-178.11%	-92.23%	1,141.91%	736.98%	497.51%	410.00%	356.87%
Slope	-632.36%	15.13%	-174.45%	-63.15%	-26.35%	-13.92%	-5.76%
CAGR	—	18.13%	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	26.83%	-3.68%	100.10%	66.82%	53.42%	61.81%	46.95%
Slope	23.56%	-15.17%	-13.63%	-1.13%	3.51%	6.18%	7.30%
CAGR	26.83%	-10.30%	-0.14%	1.33%	2.48%	15.99%	7.70%
LSR	26.83%	-12.73%	-6.89%	-2.09%	2.99%	10.42%	12.62%
Cash at End of Period
Avg YoY	-14.67%	-13.19%	106.60%	71.95%	57.20%	61.78%	50.29%
Slope	-22.50%	-15.18%	-22.79%	-4.18%	2.08%	4.86%	6.49%
CAGR	-24.03%	-22.44%	-9.23%	-3.93%	-1.43%	9.91%	6.25%
LSR	-24.03%	-14.57%	-12.15%	-4.82%	1.58%	6.95%	11.78%
Operating Cash Flow
Avg YoY	8.73%	-2.96%	2.48%	5.39%	7.46%	7.60%	8.46%
Slope	6.71%	-3.34%	0.27%	3.31%	4.47%	5.33%	6.02%
CAGR	7.36%	-6.91%	0.17%	3.30%	5.67%	6.06%	6.86%
LSR	7.36%	-2.17%	0.16%	3.51%	5.04%	6.32%	7.74%
Capital Expenditure
Avg YoY	5.77%	10.42%	0.77%	-1.14%	-2.89%	-4.32%	-9.51%
Slope	7.04%	12.78%	2.25%	-0.28%	-1.52%	-3.61%	-3.17%
CAGR	-6.54%	-10.98%	-2.42%	-0.07%	1.82%	2.74%	5.16%
LSR	-6.54%	-11.64%	-2.45%	0.20%	1.61%	4.62%	3.98%
Free Cash Flow
Avg YoY	16.02%	2.10%	5.00%	8.43%	10.89%	11.16%	1.22%
Slope	10.84%	-0.01%	1.20%	4.56%	5.79%	6.11%	7.47%
CAGR	12.61%	-5.57%	1.05%	4.67%	7.59%	7.83%	7.55%
LSR	12.61%	1.46%	0.95%	4.87%	6.72%	7.17%	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
EBITDA
Avg YoY	14.26%	5.56%	4.76%	6.77%	7.37%	8.31%	7.42%
Slope	13.09%	5.34%	2.43%	4.88%	5.42%	6.15%	6.09%
CAGR	14.20%	5.16%	3.42%	5.56%	6.44%	7.54%	6.65%
LSR	14.20%	5.26%	2.37%	5.29%	5.94%	7.26%	7.04%
(-) Tax Adjustment
Avg YoY	51.23%	37.79%	-14.94%	-5.96%	-1.93%	2.29%	1.91%
Slope	23.37%	24.11%	2.87%	-1.05%	-1.18%	1.19%	1.98%
CAGR	33.41%	26.35%	5.54%	-0.77%	1.33%	4.04%	3.22%
LSR	33.41%	29.32%	—	—	—	—	—
Change In Working Capital
Avg YoY	-120.83%	-200.83%	-44.80%	344.00%	241.06%	144.85%	104.16%
Slope	2.73%	-9.64%	-112.13%	-66.75%	-17.03%	-22.92%	-10.62%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Capital Expenditure
Avg YoY	5.77%	10.42%	0.77%	-1.14%	-2.89%	-4.32%	-9.51%
Slope	7.04%	12.78%	2.25%	-0.28%	-1.52%	-3.61%	-3.17%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	17.95%	19.51%	45.02%	33.99%	28.32%	26.30%	92.09%
Slope	13.69%	7.62%	6.99%	8.85%	8.75%	8.78%	8.55%
CAGR	13.45%	14.60%	8.82%	8.92%	9.56%	11.36%	8.44%
LSR	13.45%	8.12%	8.61%	9.83%	9.40%	10.13%	—
Net Interest After Taxes
Avg YoY	-25.16%	-9.38%	-6.13%	-39.75%	-70.98%	-70.98%	-70.98%
Slope	-18.09%	-3.16%	3.42%	-6.94%	-11.32%	-12.05%	-11.70%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Debt Issuance
Avg YoY	241.17%	-68.16%	14.29%	11,333.18%	8,938.80%	7,102.13%	5,890.61%
Slope	-55.20%	59.49%	-36.76%	-14.62%	-1.21%	4.28%	5.52%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	30.30%	22.60%	165.63%	143.68%	120.83%	105.10%	87.70%
Slope	6.69%	10.19%	-0.17%	2.08%	6.28%	7.87%	8.00%
CAGR	8.97%	8.18%	15.17%	3.01%	7.81%	13.76%	8.32%
LSR	8.97%	10.86%	7.69%	4.46%	8.41%	11.12%	10.26%