Masco Corporation (0JZ1.L)

Analysis: Margins & Ratios Industry: Construction Materials Sector: Basic Materials Live Price: $71.32

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Revenue	8,158,333,333	8,007,600,000	7,554,200,000	7,669,333,333	8,481,100,000	8,706,096,000	7,940,946,667	7,597,000,000	7,882,000,000	7,828,000,000	7,967,000,000	8,680,000,000	8,375,000,000	7,188,000,000	6,707,000,000	6,654,000,000	7,644,000,000	7,357,000,000	7,142,000,000	8,521,000,000	8,173,000,000	7,745,000,000	7,467,000,000	7,592,000,000	7,792,000,000	9,600,000,000	11,770,000,000	12,778,000,000	12,642,000,000	12,074,000,000	10,936,000,000	9,419,400,000	8,358,000,000	7,243,000,000	6,307,000,000	4,345,000,000	3,760,000,000	3,237,000,000	2,927,000,000	4,468,000,000	3,886,000,000	3,525,000,000	3,141,000,000	3,209,000,000	3,150,500,000
Cost of Revenue	5,365,000,000	5,241,600,000	4,965,400,000	5,262,333,333	5,939,200,000	6,068,376,800	5,475,077,333	4,888,000,000	5,033,000,000	4,997,000,000	5,131,000,000	5,967,000,000	5,512,000,000	4,601,000,000	4,336,000,000	4,287,000,000	5,033,000,000	4,901,000,000	4,889,000,000	6,134,000,000	5,918,000,000	5,794,000,000	5,683,000,000	5,752,000,000	5,774,000,000	7,224,000,000	8,559,000,000	9,259,000,000	9,033,000,000	8,356,000,000	7,586,000,000	6,450,590,000	5,806,800,000	4,726,030,000	3,859,100,000	2,686,200,000	2,280,900,000	1,960,500,000	1,756,200,000	2,881,200,000	2,505,600,000	2,266,500,000	2,103,800,000	2,116,000,000	2,085,600,000
Cost of Revenue Margin	65.66%	65.36%	65.68%	68.52%	69.69%	69.43%	68.00%	64.34%	63.85%	63.83%	64.40%	68.74%	65.81%	64.01%	64.65%	64.43%	65.84%	66.62%	68.45%	71.99%	72.41%	74.81%	76.11%	75.76%	74.10%	75.25%	72.72%	72.46%	71.45%	69.21%	69.37%	68.48%	69.48%	65.25%	61.19%	61.82%	60.66%	60.57%	60.00%	64.49%	64.48%	64.30%	66.98%	65.94%	66.20%
Gross Profit	2,793,333,333	2,766,000,000	2,588,800,000	2,407,000,000	2,541,900,000	2,637,719,200	2,465,869,333	2,709,000,000	2,849,000,000	2,831,000,000	2,836,000,000	2,713,000,000	2,863,000,000	2,587,000,000	2,371,000,000	2,367,000,000	2,611,000,000	2,456,000,000	2,253,000,000	2,387,000,000	2,255,000,000	1,951,000,000	1,784,000,000	1,840,000,000	2,018,000,000	2,376,000,000	3,211,000,000	3,519,000,000	3,609,000,000	3,718,000,000	3,350,000,000	2,968,810,000	2,551,200,000	2,516,970,000	2,447,900,000	1,658,800,000	1,479,100,000	1,276,500,000	1,170,800,000	1,586,800,000	1,380,400,000	1,258,500,000	1,037,200,000	1,093,000,000	1,064,900,000
Gross Profit Margin	34.34%	34.64%	34.32%	31.48%	30.31%	30.57%	32.00%	35.66%	36.15%	36.17%	35.60%	31.26%	34.19%	35.99%	35.35%	35.57%	34.16%	33.38%	31.55%	28.01%	27.59%	25.19%	23.89%	24.24%	25.90%	24.75%	27.28%	27.54%	28.55%	30.79%	30.63%	31.52%	30.52%	34.75%	38.81%	38.18%	39.34%	39.43%	40.00%	35.51%	35.52%	35.70%	33.02%	34.06%	33.80%
R&D Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D Expenses Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	1,443,666,667	1,500,200,000	1,402,300,000	1,426,200,000	1,541,300,000	1,543,485,600	1,443,694,667	1,417,000,000	1,514,000,000	1,468,000,000	1,473,000,000	1,390,000,000	1,843,000,000	1,327,000,000	1,295,000,000	1,264,000,000	1,217,000,000	1,407,000,000	1,339,000,000	1,347,000,000	1,347,000,000	1,535,000,000	1,543,000,000	1,598,000,000	1,701,000,000	1,802,000,000	1,979,000,000	2,010,000,000	1,941,000,000	1,974,000,000	1,754,000,000	1,393,000,000	1,418,200,000	1,221,940,000	1,354,600,000	1,036,700,000	957,800,000	696,300,000	678,300,000	956,600,000	860,500,000	785,400,000	686,200,000	636,700,000	570,900,000
SG&A Expenses Margin	17.75%	18.74%	18.58%	18.64%	18.41%	17.97%	18.82%	18.65%	19.21%	18.75%	18.49%	16.01%	22.01%	18.46%	19.31%	19.00%	15.92%	19.12%	18.75%	15.81%	16.48%	19.82%	20.66%	21.05%	21.83%	18.77%	16.81%	15.73%	15.35%	16.35%	16.04%	14.79%	16.97%	16.87%	21.48%	23.86%	25.47%	21.51%	23.17%	21.41%	22.14%	22.28%	21.85%	19.84%	18.12%
Operating Expenses	1,457,333,333	1,424,400,000	1,360,000,000	1,482,533,333	1,643,650,000	1,646,386,800	1,551,439,000	1,418,000,000	1,530,000,000	1,468,000,000	1,488,000,000	1,416,000,000	1,458,000,000	1,292,000,000	1,283,000,000	1,290,000,000	1,191,000,000	1,375,000,000	1,339,000,000	1,339,000,000	1,347,000,000	1,654,000,000	2,002,000,000	2,296,000,000	1,963,000,000	2,269,000,000	2,098,000,000	2,327,000,000	1,978,000,000	2,056,000,000	1,735,000,000	1,524,000,000	1,511,400,000	1,460,270,000	1,536,400,000	1,193,400,000	1,089,300,000	796,000,000	768,400,000	1,077,200,000	976,500,000	899,900,000	788,900,000	730,200,000	660,000,000
Operating Expenses Margin	17.91%	17.83%	18.07%	19.42%	19.59%	19.16%	20.36%	18.67%	19.41%	18.75%	18.68%	16.31%	17.41%	17.97%	19.13%	19.39%	15.58%	18.69%	18.75%	15.71%	16.48%	21.36%	26.81%	30.24%	25.19%	23.64%	17.82%	18.21%	15.65%	17.03%	15.87%	16.18%	18.08%	20.16%	24.36%	27.47%	28.97%	24.59%	26.25%	24.11%	25.13%	25.53%	25.12%	22.75%	20.95%
Operating Income (EBIT)	1,336,000,000	1,341,600,000	1,190,300,000	857,333,333	838,250,000	926,460,000	884,273,333	1,291,000,000	1,319,000,000	1,363,000,000	1,348,000,000	1,297,000,000	1,405,000,000	1,295,000,000	1,088,000,000	1,077,000,000	1,029,000,000	1,087,000,000	914,000,000	721,000,000	612,000,000	302,000,000	-215,000,000	-463,000,000	55,000,000	90,000,000	1,054,000,000	1,116,000,000	1,590,000,000	1,584,000,000	1,449,000,000	1,267,000,000	1,039,800,000	1,056,700,000	911,500,000	866,400,000	705,900,000	480,500,000	402,400,000	509,600,000	403,900,000	358,600,000	248,300,000	362,800,000	404,900,000
Operating Income (EBIT) Margin	16.42%	16.81%	15.75%	11.23%	10.01%	10.69%	11.63%	16.99%	16.73%	17.41%	16.92%	14.94%	16.78%	18.02%	16.22%	16.19%	13.46%	14.78%	12.80%	8.46%	7.49%	3.90%	-2.88%	-6.10%	0.71%	0.94%	8.95%	8.73%	12.58%	13.12%	13.25%	13.45%	12.44%	14.59%	14.45%	19.94%	18.77%	14.84%	13.75%	11.41%	10.39%	10.17%	7.91%	11.31%	12.85%
Interest Income	3,666,667	3,000,000	3,300,000	3,000,000	2,250,000	1,800,000	1,500,000	0	4,000,000	0	9,000,000	2,000,000	1,000,000	3,000,000	3,000,000	5,000,000	3,000,000	4,000,000	3,000,000	1,000,000	2,000,000	7,000,000	1,000,000	1,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income Margin	0.05%	0.04%	0.04%	0.04%	0.03%	0.02%	0.02%	0.00%	0.05%	0.00%	0.11%	0.02%	0.01%	0.04%	0.04%	0.08%	0.04%	0.05%	0.04%	0.01%	0.02%	0.09%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	104,333,333	147,000,000	178,200,000	200,066,667	185,600,000	148,480,000	123,733,333	101,000,000	100,000,000	99,000,000	106,000,000	108,000,000	278,000,000	144,000,000	159,000,000	156,000,000	278,000,000	229,000,000	225,000,000	225,000,000	235,000,000	254,000,000	254,000,000	251,000,000	225,000,000	228,000,000	258,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Margin	1.28%	1.83%	2.38%	2.62%	2.34%	1.87%	1.56%	1.33%	1.27%	1.26%	1.33%	1.24%	3.32%	2.00%	2.37%	2.34%	3.64%	3.11%	3.15%	2.64%	2.88%	3.28%	3.40%	3.31%	2.89%	2.38%	2.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	-100,666,667	-144,000,000	-174,900,000	-195,933,333	-182,500,000	-146,000,000	-121,666,667	-101,000,000	-96,000,000	-99,000,000	-97,000,000	-106,000,000	-277,000,000	-141,000,000	-156,000,000	-151,000,000	-275,000,000	-225,000,000	-222,000,000	-222,000,000	-232,000,000	-247,000,000	-245,000,000	-244,000,000	-225,000,000	-228,000,000	-258,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income Margin	-1.23%	-1.79%	-2.33%	-2.56%	-2.30%	-1.84%	-1.53%	-1.33%	-1.22%	-1.26%	-1.22%	-1.22%	-3.31%	-1.96%	-2.33%	-2.27%	-3.60%	-3.06%	-3.11%	-2.61%	-2.84%	-3.19%	-3.28%	-3.21%	-2.89%	-2.38%	-2.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	239,333,333	403,400,000	401,600,000	425,200,000	413,700,000	388,456,000	331,120,000	226,000,000	279,000,000	301,000,000	207,000,000	210,000,000	994,000,000	305,000,000	330,000,000	321,000,000	419,000,000	482,000,000	447,000,000	370,000,000	411,000,000	507,000,000	510,000,000	564,000,000	431,000,000	529,000,000	542,000,000	216,000,000	178,000,000	66,000,000	233,000,000	236,000,000	739,100,000	163,300,000	7,400,000	111,400,000	75,000,000	-22,200,000	50,600,000	187,000,000	41,300,000	53,800,000	150,700,000	126,900,000	77,800,000
Unusual Items Margin	2.95%	4.99%	5.30%	5.55%	5.10%	4.73%	4.13%	2.97%	3.54%	3.85%	2.60%	2.42%	11.87%	4.24%	4.92%	4.82%	5.48%	6.55%	6.26%	4.34%	5.03%	6.55%	6.83%	7.43%	5.53%	5.51%	4.60%	1.69%	1.41%	0.55%	2.13%	2.51%	8.84%	2.25%	0.12%	2.56%	1.99%	-0.69%	1.73%	4.19%	1.06%	1.53%	4.80%	3.95%	2.47%
EBT Excluding Unusual Items	958,000,000	678,800,000	562,000,000	204,000,000	194,200,000	296,228,000	344,266,667	940,000,000	857,000,000	860,000,000	1,031,000,000	983,000,000	-306,000,000	826,000,000	584,000,000	586,000,000	466,000,000	348,000,000	242,000,000	205,000,000	23,000,000	-465,000,000	-982,000,000	-1,341,000,000	-582,000,000	-740,000,000	228,000,000	684,000,000	1,234,000,000	1,452,000,000	983,000,000	795,000,000	-438,400,000	730,100,000	896,700,000	643,600,000	555,900,000	524,900,000	301,200,000	135,600,000	321,300,000	251,000,000	-53,100,000	109,000,000	249,300,000
EBT Excluding Unusual Items Margin	11.75%	8.62%	7.48%	2.71%	2.13%	3.07%	4.91%	12.37%	10.87%	10.99%	12.94%	11.32%	-3.65%	11.49%	8.71%	8.81%	6.10%	4.73%	3.39%	2.41%	0.28%	-6.00%	-13.15%	-17.66%	-7.47%	-7.71%	1.94%	5.35%	9.76%	12.03%	8.99%	8.44%	-5.25%	10.08%	14.22%	14.81%	14.78%	16.22%	10.29%	3.03%	8.27%	7.12%	-1.69%	3.40%	7.91%
Pre-Tax Income	1,197,333,333	1,082,200,000	963,600,000	629,200,000	607,900,000	684,684,000	675,386,667	1,166,000,000	1,136,000,000	1,161,000,000	1,238,000,000	1,193,000,000	688,000,000	1,131,000,000	914,000,000	907,000,000	885,000,000	830,000,000	689,000,000	575,000,000	434,000,000	42,000,000	-472,000,000	-777,000,000	-151,000,000	-211,000,000	770,000,000	900,000,000	1,412,000,000	1,518,000,000	1,216,000,000	1,031,000,000	300,700,000	893,400,000	904,100,000	755,000,000	630,900,000	502,700,000	351,800,000	322,600,000	362,600,000	304,800,000	97,600,000	235,900,000	327,100,000
Pre-Tax Income Margin	14.70%	13.61%	12.78%	8.26%	7.22%	7.80%	9.04%	15.35%	14.41%	14.83%	15.54%	13.74%	8.21%	15.73%	13.63%	13.63%	11.58%	11.28%	9.65%	6.75%	5.31%	0.54%	-6.32%	-10.23%	-1.94%	-2.20%	6.54%	7.04%	11.17%	12.57%	11.12%	10.95%	3.60%	12.33%	14.33%	17.38%	16.78%	15.53%	12.02%	7.22%	9.33%	8.65%	3.11%	7.35%	10.38%
Income Tax Expense	284,333,333	266,400,000	267,700,000	180,933,333	203,150,000	233,912,000	235,633,333	292,000,000	254,000,000	287,000,000	278,000,000	288,000,000	210,000,000	269,000,000	230,000,000	221,000,000	305,000,000	296,000,000	293,000,000	-333,000,000	111,000,000	83,000,000	-49,000,000	225,000,000	-49,000,000	132,000,000	336,000,000	412,000,000	518,000,000	569,000,000	463,000,000	348,900,000	102,200,000	301,700,000	334,500,000	279,000,000	248,500,000	207,500,000	151,700,000	128,900,000	141,500,000	121,700,000	52,700,000	97,100,000	106,200,000
Income Tax Expense Margin	3.49%	3.34%	3.56%	2.43%	2.37%	2.62%	3.18%	3.84%	3.22%	3.67%	3.49%	3.32%	2.51%	3.74%	3.43%	3.32%	3.99%	4.02%	4.10%	-3.91%	1.36%	1.07%	-0.66%	2.96%	-0.63%	1.38%	2.85%	3.22%	4.10%	4.71%	4.23%	3.70%	1.22%	4.17%	5.30%	6.42%	6.61%	6.41%	5.18%	2.88%	3.64%	3.45%	1.68%	3.03%	3.37%
Net Income	858,666,667	841,600,000	700,500,000	426,733,333	382,050,000	428,796,000	400,050,000	827,000,000	831,000,000	822,000,000	908,000,000	846,000,000	408,000,000	1,224,000,000	684,000,000	734,000,000	533,000,000	491,000,000	355,000,000	856,000,000	272,000,000	-114,000,000	-575,000,000	-1,043,000,000	-183,000,000	-391,000,000	386,000,000	488,000,000	940,000,000	893,000,000	806,000,000	589,700,000	198,500,000	591,700,000	569,600,000	476,000,000	382,400,000	295,200,000	-441,600,000	193,700,000	221,100,000	183,100,000	44,900,000	138,800,000	220,900,000
Net Income Margin	10.55%	10.71%	9.34%	5.59%	4.60%	4.94%	4.92%	10.89%	10.54%	10.50%	11.40%	9.75%	4.87%	17.03%	10.20%	11.03%	6.97%	6.67%	4.97%	10.05%	3.33%	-1.47%	-7.70%	-13.74%	-2.35%	-4.07%	3.28%	3.82%	7.44%	7.40%	7.37%	6.26%	2.37%	8.17%	9.03%	10.96%	10.17%	9.12%	-15.09%	4.34%	5.69%	5.19%	1.43%	4.33%	7.01%
Depreciation and Amortization	148,000,000	145,600,000	140,100,000	167,333,333	186,750,000	197,752,800	186,787,333	0	0	150,000,000	149,000,000	145,000,000	151,000,000	133,000,000	159,000,000	120,000,000	127,000,000	134,000,000	133,000,000	167,000,000	186,000,000	214,000,000	263,000,000	279,000,000	254,000,000	238,000,000	248,000,000	244,000,000	241,000,000	237,000,000	244,000,000	220,000,000	269,490,000	238,330,000	181,800,000	156,700,000	131,500,000	99,700,000	90,100,000	120,600,000	116,000,000	114,500,000	102,700,000	93,500,000	89,100,000
Depreciation and Amortization Margin	1.82%	1.82%	1.86%	2.19%	2.22%	2.30%	2.46%	0.00%	0.00%	1.92%	1.87%	1.67%	1.80%	1.85%	2.37%	1.80%	1.66%	1.82%	1.86%	1.96%	2.28%	2.76%	3.52%	3.67%	3.26%	2.48%	2.11%	1.91%	1.91%	1.96%	2.23%	2.34%	3.22%	3.29%	2.88%	3.61%	3.50%	3.08%	3.08%	2.70%	2.99%	3.25%	3.27%	2.91%	2.83%
EBITDA	1,449,666,667	1,374,800,000	1,269,500,000	990,400,000	1,001,000,000	1,104,372,800	1,054,527,333	1,267,000,000	1,236,000,000	1,410,000,000	1,493,000,000	1,446,000,000	1,117,000,000	1,408,000,000	1,232,000,000	1,223,000,000	1,124,000,000	1,195,000,000	1,047,000,000	899,000,000	807,000,000	541,000,000	125,000,000	-211,000,000	328,000,000	273,000,000	1,372,000,000	1,360,000,000	1,831,000,000	1,821,000,000	1,693,000,000	1,471,000,000	1,309,290,000	1,295,030,000	1,093,300,000	1,023,100,000	837,400,000	580,200,000	492,500,000	630,200,000	519,900,000	473,100,000	351,000,000	456,300,000	494,000,000
EBITDA Margin	17.80%	17.27%	16.87%	13.00%	11.94%	12.74%	13.88%	16.68%	15.68%	18.01%	18.74%	16.66%	13.34%	19.59%	18.37%	18.38%	14.70%	16.24%	14.66%	10.55%	9.87%	6.99%	1.67%	-2.78%	4.21%	2.84%	11.66%	10.64%	14.48%	15.08%	15.48%	15.62%	15.67%	17.88%	17.33%	23.55%	22.27%	17.92%	16.83%	14.10%	13.38%	13.42%	11.17%	14.22%	15.68%
NOPAT	1,018,419,292	1,003,679,988	854,622,983	603,712,971	572,252,132	622,283,034	587,215,824	967,696,398	1,024,082,746	1,026,065,461	1,045,298,869	983,893,546	976,148,256	986,993,811	814,214,442	814,577,729	674,372,881	699,346,988	525,317,852	1,138,553,043	455,474,654	-294,809,524	-192,680,085	-597,073,359	37,152,318	146,303,318	594,072,727	605,120,000	1,006,699,717	990,260,870	897,283,717	838,235,403	686,399,401	699,853,806	574,262,139	546,233,642	427,858,868	282,163,517	228,880,728	305,981,153	246,283,205	215,418,832	114,228,176	213,466,045	273,440,569
NOPAT Margin	12.52%	12.59%	11.30%	7.85%	6.87%	7.23%	7.67%	12.74%	12.99%	13.11%	13.12%	11.34%	11.66%	13.73%	12.14%	12.24%	8.82%	9.51%	7.36%	13.36%	5.57%	-3.81%	-2.58%	-7.86%	0.48%	1.52%	5.05%	4.74%	7.96%	8.20%	8.20%	8.90%	8.21%	9.66%	9.11%	12.57%	11.38%	8.72%	7.82%	6.85%	6.34%	6.11%	3.64%	6.65%	8.68%
Owner's Earnings	795,000,000	811,800,000	667,300,000	434,466,667	386,950,000	419,955,600	330,523,000	772,000,000	774,000,000	804,000,000	814,000,000	767,000,000	431,000,000	1,243,000,000	681,000,000	671,000,000	487,000,000	445,000,000	330,000,000	895,000,000	332,000,000	-19,000,000	-463,000,000	-901,000,000	-54,000,000	-353,000,000	386,000,000	344,000,000	899,000,000	820,000,000	779,000,000	525,330,000	193,560,000	442,000,000	-394,500,000	100,400,000	144,200,000	83,300,000	-516,600,000	123,700,000	170,600,000	179,900,000	34,600,000	66,700,000	146,300,000
Owner's Earnings Margin	9.77%	10.35%	8.90%	5.69%	4.70%	4.88%	3.56%	10.16%	9.82%	10.27%	10.22%	8.84%	5.15%	17.29%	10.15%	10.08%	6.37%	6.05%	4.62%	10.50%	4.06%	-0.25%	-6.20%	-11.87%	-0.69%	-3.68%	3.28%	2.69%	7.11%	6.79%	7.12%	5.58%	2.32%	6.10%	-6.25%	2.31%	3.84%	2.57%	-17.65%	2.77%	4.39%	5.10%	1.10%	2.08%	4.64%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Revenue	8,158,333,333	8,007,600,000	7,554,200,000	7,669,333,333	8,481,100,000	8,706,096,000	7,940,946,667	7,828,000,000	7,967,000,000	8,680,000,000	8,375,000,000	7,188,000,000	6,707,000,000	6,654,000,000	7,644,000,000	7,357,000,000	7,142,000,000	8,521,000,000	8,173,000,000	7,745,000,000	7,467,000,000	7,592,000,000	7,792,000,000	9,600,000,000	11,770,000,000	12,778,000,000	12,642,000,000	12,074,000,000	10,936,000,000	9,419,400,000	8,358,000,000	7,243,000,000	6,307,000,000	4,345,000,000	3,760,000,000	3,237,000,000	2,927,000,000	4,468,000,000	3,886,000,000	3,525,000,000	3,141,000,000	3,209,000,000	3,150,500,000
Cash & Cash Equivalents	573,333,333	794,400,000	888,000,000	1,080,533,333	1,174,650,000	1,083,679,600	961,333,000	634,000,000	634,000,000	452,000,000	926,000,000	1,326,000,000	697,000,000	559,000,000	1,194,000,000	990,000,000	1,468,000,000	1,383,000,000	1,223,000,000	1,351,000,000	1,656,000,000	1,715,000,000	1,413,000,000	1,028,000,000	922,000,000	1,958,000,000	1,964,000,000	1,256,000,000	795,000,000	1,066,570,000	311,990,000	169,430,000	230,800,000	541,700,000	441,300,000	473,700,000	60,500,000	61,200,000	120,000,000	45,400,000	62,100,000	51,100,000	46,500,000
Cash & Cash Equivalents Margin	7.09%	10.15%	11.92%	14.17%	14.01%	12.61%	11.99%	8.10%	7.96%	5.21%	11.06%	18.45%	10.39%	8.40%	15.62%	13.46%	20.55%	16.23%	14.96%	17.44%	22.18%	22.59%	18.13%	10.71%	7.83%	15.32%	15.54%	10.40%	7.27%	11.32%	3.73%	2.34%	3.66%	12.47%	11.74%	14.63%	2.07%	1.37%	3.09%	1.29%	1.98%	1.59%	1.48%
Short-Term Investments	0	0	55,700,000	78,933,333	59,200,000	47,360,000	39,466,667	0	0	0	0	0	0	0	108,000,000	201,000,000	248,000,000	306,000,000	321,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short-Term Investments Margin	0.00%	0.00%	0.76%	1.01%	0.76%	0.61%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.41%	2.73%	3.47%	3.59%	3.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	573,333,333	794,400,000	943,700,000	1,159,466,667	1,233,850,000	1,131,039,600	1,000,799,667	634,000,000	634,000,000	452,000,000	926,000,000	1,326,000,000	697,000,000	559,000,000	1,302,000,000	1,191,000,000	1,716,000,000	1,689,000,000	1,544,000,000	1,351,000,000	1,656,000,000	1,715,000,000	1,413,000,000	1,028,000,000	922,000,000	1,958,000,000	1,964,000,000	1,256,000,000	795,000,000	1,066,570,000	311,990,000	169,430,000	230,800,000	541,700,000	441,300,000	473,700,000	60,500,000	61,200,000	120,000,000	45,400,000	62,100,000	51,100,000	46,500,000
Cash & Short-Term Investments Margin	7.09%	10.15%	12.68%	15.18%	14.76%	13.21%	12.50%	8.10%	7.96%	5.21%	11.06%	18.45%	10.39%	8.40%	17.03%	16.19%	24.03%	19.82%	18.89%	17.44%	22.18%	22.59%	18.13%	10.71%	7.83%	15.32%	15.54%	10.40%	7.27%	11.32%	3.73%	2.34%	3.66%	12.47%	11.74%	14.63%	2.07%	1.37%	3.09%	1.29%	1.98%	1.59%	1.48%
Net Receivables	1,091,333,333	1,116,600,000	1,040,600,000	997,666,667	1,084,050,000	1,157,454,400	1,073,505,333	1,035,000,000	1,090,000,000	1,149,000,000	1,171,000,000	1,138,000,000	997,000,000	990,000,000	1,066,000,000	917,000,000	853,000,000	820,000,000	1,004,000,000	933,000,000	914,000,000	888,000,000	983,000,000	999,000,000	1,405,000,000	1,613,000,000	1,716,000,000	1,732,000,000	1,674,000,000	1,546,000,000	1,204,210,000	1,099,150,000	1,002,600,000	800,300,000	559,100,000	466,900,000	439,900,000	755,100,000	615,000,000	547,800,000	505,200,000	480,500,000	512,900,000
Net Receivables Margin	13.38%	13.99%	13.81%	13.06%	12.85%	13.31%	13.71%	13.22%	13.68%	13.24%	13.98%	15.83%	14.87%	14.88%	13.95%	12.46%	11.94%	9.62%	12.28%	12.05%	12.24%	11.70%	12.62%	10.41%	11.94%	12.62%	13.57%	14.34%	15.31%	16.41%	14.41%	15.18%	15.90%	18.42%	14.87%	14.42%	15.03%	16.90%	15.83%	15.54%	16.08%	14.97%	16.28%
Inventory	1,065,333,333	1,057,600,000	918,300,000	870,666,667	913,000,000	931,707,200	864,676,000	938,000,000	1,022,000,000	1,236,000,000	1,216,000,000	876,000,000	754,000,000	946,000,000	796,000,000	712,000,000	687,000,000	819,000,000	765,000,000	792,000,000	769,000,000	732,000,000	743,000,000	941,000,000	1,126,000,000	1,263,000,000	1,127,000,000	1,132,000,000	1,019,000,000	1,055,620,000	913,100,000	912,960,000	769,900,000	559,000,000	515,000,000	411,900,000	391,800,000	948,800,000	824,100,000	781,700,000	738,900,000	753,400,000	712,300,000
Inventory Margin	13.02%	13.15%	12.09%	11.34%	10.89%	10.85%	11.20%	11.98%	12.83%	14.24%	14.52%	12.19%	11.24%	14.22%	10.41%	9.68%	9.62%	9.61%	9.36%	10.23%	10.30%	9.64%	9.54%	9.80%	9.57%	9.88%	8.91%	9.38%	9.32%	11.21%	10.92%	12.60%	12.21%	12.87%	13.70%	12.72%	13.39%	21.24%	21.21%	22.18%	23.52%	23.48%	22.61%
Other Current Assets	73,666,667	44,200,000	73,600,000	84,266,667	63,200,000	55,624,800	61,320,667	2,000,000	110,000,000	109,000,000	0	0	173,000,000	342,000,000	0	0	0	335,000,000	73,000,000	100,000,000	20,000,000	0	0	0	0	0	0	0	0	0	0	126,620,000	106,500,000	81,600,000	111,300,000	77,300,000	72,300,000	126,300,000	84,700,000	90,600,000	69,700,000	80,200,000	121,600,000
Other Current Assets Margin	0.89%	0.53%	1.04%	1.12%	0.84%	0.74%	1.00%	0.03%	1.38%	1.26%	0.00%	0.00%	2.58%	5.14%	0.00%	0.00%	0.00%	3.93%	0.89%	1.29%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.75%	1.69%	1.88%	2.96%	2.39%	2.47%	2.83%	2.18%	2.57%	2.22%	2.50%	3.86%
Total Current Assets	2,844,000,000	3,088,600,000	3,039,700,000	3,189,200,000	3,431,750,000	3,429,034,000	3,123,975,000	2,730,000,000	2,856,000,000	2,946,000,000	3,422,000,000	3,489,000,000	2,711,000,000	2,766,000,000	3,215,000,000	2,934,000,000	3,328,000,000	3,863,000,000	3,468,000,000	3,217,000,000	3,429,000,000	3,464,000,000	3,451,000,000	3,300,000,000	3,808,000,000	5,115,000,000	5,123,000,000	4,402,000,000	3,804,000,000	3,949,770,000	2,626,920,000	2,308,160,000	2,109,800,000	1,862,600,000	1,626,700,000	1,429,800,000	964,500,000	1,891,400,000	1,643,800,000	1,465,500,000	1,375,900,000	1,365,200,000	1,393,300,000
Total Current Assets Margin	34.89%	38.81%	40.46%	41.70%	40.85%	39.74%	39.67%	34.87%	35.85%	33.94%	40.86%	48.54%	40.42%	41.57%	42.06%	39.88%	46.60%	45.34%	42.43%	41.54%	45.92%	45.63%	44.29%	34.38%	32.35%	40.03%	40.52%	36.46%	34.78%	41.93%	31.43%	31.87%	33.45%	42.87%	43.26%	44.17%	32.95%	42.33%	42.30%	41.57%	43.80%	42.54%	44.22%
Property, Plant & Equipment	1,326,000,000	1,227,000,000	1,162,800,000	1,250,133,333	1,488,600,000	1,624,865,200	1,541,497,667	1,347,000,000	1,390,000,000	1,241,000,000	1,083,000,000	1,074,000,000	1,054,000,000	1,223,000,000	1,129,000,000	1,060,000,000	1,027,000,000	1,139,000,000	1,252,000,000	1,429,000,000	1,567,000,000	1,737,000,000	1,981,000,000	2,136,000,000	2,367,000,000	2,363,000,000	2,173,000,000	2,272,000,000	2,339,000,000	2,315,060,000	2,016,730,000	1,906,840,000	1,624,400,000	1,164,300,000	1,037,300,000	940,600,000	856,700,000	1,231,800,000	1,095,200,000	1,030,500,000	1,000,100,000	970,100,000	880,700,000
Property, Plant & Equipment Margin	16.32%	15.36%	15.45%	16.37%	17.45%	18.57%	20.09%	17.21%	17.45%	14.30%	12.93%	14.94%	15.71%	18.38%	14.77%	14.41%	14.38%	13.37%	15.32%	18.45%	20.99%	22.88%	25.42%	22.25%	20.11%	18.49%	17.19%	18.82%	21.39%	24.58%	24.13%	26.33%	25.76%	26.80%	27.59%	29.06%	29.27%	27.57%	28.18%	29.23%	31.84%	30.23%	27.95%
Goodwill	579,000,000	573,600,000	678,700,000	1,116,133,333	1,555,800,000	1,244,640,000	1,037,200,000	597,000,000	603,000,000	537,000,000	568,000,000	563,000,000	509,000,000	898,000,000	841,000,000	832,000,000	839,000,000	1,884,000,000	1,903,000,000	1,894,000,000	1,891,000,000	2,383,000,000	3,108,000,000	3,371,000,000	3,938,000,000	3,957,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill Margin	7.13%	7.20%	9.11%	14.51%	17.86%	14.29%	11.90%	7.63%	7.57%	6.19%	6.78%	7.83%	7.59%	13.50%	11.00%	11.31%	11.75%	22.11%	23.28%	24.45%	25.32%	31.39%	39.89%	35.11%	33.46%	30.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	315,666,667	338,400,000	285,800,000	251,200,000	473,200,000	1,175,898,400	1,123,558,667	220,000,000	377,000,000	350,000,000	388,000,000	357,000,000	259,000,000	406,000,000	187,000,000	154,000,000	160,000,000	145,000,000	149,000,000	151,000,000	196,000,000	269,000,000	290,000,000	299,000,000	323,000,000	306,000,000	4,478,000,000	4,734,000,000	4,835,000,000	4,651,020,000	3,522,670,000	2,190,770,000	1,742,900,000	1,036,300,000	729,200,000	457,400,000	343,500,000	706,200,000	605,200,000	627,300,000	630,900,000	641,300,000	627,900,000
Intangible Assets Margin	3.86%	4.23%	3.79%	3.30%	4.85%	12.09%	13.30%	2.81%	4.73%	4.03%	4.63%	4.97%	3.86%	6.10%	2.45%	2.09%	2.24%	1.70%	1.82%	1.95%	2.62%	3.54%	3.72%	3.11%	2.74%	2.39%	35.42%	39.21%	44.21%	49.38%	42.15%	30.25%	27.63%	23.85%	19.39%	14.13%	11.74%	15.81%	15.57%	17.80%	20.09%	19.98%	19.93%
Long-Term Investments	7,333,333	40,800,000	30,600,000	45,066,667	33,800,000	27,040,000	22,533,333	0	0	22,000,000	25,000,000	157,000,000	11,000,000	12,000,000	13,000,000	18,000,000	48,000,000	50,000,000	113,000,000	95,000,000	112,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long-Term Investments Margin	0.08%	0.55%	0.42%	0.59%	0.44%	0.35%	0.30%	0.00%	0.00%	0.25%	0.30%	2.18%	0.16%	0.18%	0.17%	0.24%	0.67%	0.59%	1.38%	1.23%	1.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	20,000,000	45,200,000	66,400,000	63,800,000	47,850,000	38,280,000	31,900,000	0	0	60,000,000	57,000,000	109,000,000	99,000,000	42,000,000	45,000,000	68,000,000	184,000,000	293,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Assets Margin	0.23%	0.58%	0.91%	0.83%	0.63%	0.50%	0.42%	0.00%	0.00%	0.69%	0.68%	1.52%	1.48%	0.63%	0.59%	0.92%	2.58%	3.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	96,666,667	70,000,000	100,000,000	35,733,333	154,900,000	355,672,800	486,074,000	122,000,000	137,000,000	31,000,000	32,000,000	28,000,000	384,000,000	46,000,000	55,000,000	71,000,000	94,000,000	-158,000,000	161,000,000	-968,000,000	214,000,000	287,000,000	345,000,000	377,000,000	471,000,000	584,000,000	785,000,000	1,133,000,000	1,171,000,000	1,134,580,000	1,017,010,000	1,338,230,000	1,157,800,000	1,104,200,000	940,600,000	873,900,000	1,613,900,000	560,600,000	676,900,000	863,300,000	778,900,000	784,100,000	738,900,000
Other Non-Current Assets Margin	1.21%	0.88%	1.38%	0.54%	1.56%	3.76%	8.16%	1.56%	1.72%	0.36%	0.38%	0.39%	5.73%	0.69%	0.72%	0.97%	1.32%	-1.85%	1.97%	-12.50%	2.87%	3.78%	4.43%	3.93%	4.00%	4.57%	6.21%	9.38%	10.71%	12.05%	12.17%	18.48%	18.36%	25.41%	25.02%	27.00%	55.14%	12.55%	17.42%	24.49%	24.80%	24.43%	23.45%
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	2,344,666,667	2,295,000,000	2,324,600,000	2,814,466,667	3,793,450,000	4,497,836,400	4,268,963,667	2,286,000,000	2,507,000,000	2,241,000,000	2,153,000,000	2,288,000,000	2,316,000,000	2,627,000,000	2,273,000,000	2,203,000,000	2,352,000,000	3,304,000,000	3,465,000,000	3,658,000,000	3,868,000,000	4,676,000,000	5,724,000,000	6,183,000,000	7,099,000,000	7,210,000,000	7,436,000,000	8,139,000,000	8,345,000,000	8,100,660,000	6,556,410,000	5,435,840,000	4,525,100,000	3,304,800,000	2,707,100,000	2,271,900,000	2,814,100,000	2,498,600,000	2,377,300,000	2,521,100,000	2,409,900,000	2,395,500,000	2,247,500,000
Total Non-Current Assets Margin	28.83%	28.81%	31.06%	36.83%	43.29%	49.96%	54.51%	29.20%	31.47%	25.82%	25.71%	31.83%	34.53%	39.48%	29.74%	29.94%	32.93%	38.77%	42.40%	47.23%	51.80%	61.59%	73.46%	64.41%	60.31%	56.43%	58.82%	67.41%	76.31%	86.00%	78.44%	75.05%	71.75%	76.06%	72.00%	70.19%	96.14%	55.92%	61.18%	71.52%	76.72%	74.65%	71.34%
Total Assets	5,188,666,667	5,383,600,000	5,364,300,000	6,003,666,667	7,225,200,000	7,926,870,400	7,392,938,667	5,016,000,000	5,363,000,000	5,187,000,000	5,575,000,000	5,777,000,000	5,027,000,000	5,393,000,000	5,488,000,000	5,137,000,000	5,680,000,000	7,167,000,000	6,933,000,000	6,875,000,000	7,297,000,000	8,140,000,000	9,175,000,000	9,483,000,000	10,907,000,000	12,325,000,000	12,559,000,000	12,541,000,000	12,149,000,000	12,050,430,000	9,183,330,000	7,744,000,000	6,634,900,000	5,167,400,000	4,333,800,000	3,701,700,000	3,778,600,000	4,390,000,000	4,021,100,000	3,986,600,000	3,785,800,000	3,760,700,000	3,640,800,000
Total Assets Margin	63.72%	67.62%	71.52%	78.53%	84.14%	89.70%	94.18%	64.08%	67.32%	59.76%	66.57%	80.37%	74.95%	81.05%	71.79%	69.82%	79.53%	84.11%	84.83%	88.77%	97.72%	107.22%	117.75%	98.78%	92.67%	96.45%	99.34%	103.87%	111.09%	127.93%	109.87%	106.92%	105.20%	118.93%	115.26%	114.36%	129.09%	98.25%	103.48%	113.10%	120.53%	117.19%	115.56%
Accounts Payable	835,333,333	888,800,000	825,000,000	802,200,000	775,400,000	726,989,600	635,214,667	789,000,000	840,000,000	877,000,000	1,045,000,000	893,000,000	697,000,000	736,000,000	824,000,000	800,000,000	749,000,000	721,000,000	902,000,000	788,000,000	770,000,000	602,000,000	578,000,000	531,000,000	714,000,000	815,000,000	837,000,000	837,000,000	715,000,000	542,000,000	322,280,000	250,460,000	243,800,000	196,900,000	166,300,000	149,500,000	125,200,000	201,300,000	161,200,000	133,200,000	128,400,000	126,700,000	127,800,000
Accounts Payable Margin	10.24%	11.13%	10.92%	10.48%	9.46%	8.63%	7.91%	10.08%	10.54%	10.10%	12.48%	12.42%	10.39%	11.06%	10.78%	10.87%	10.49%	8.46%	11.04%	10.17%	10.31%	7.93%	7.42%	5.53%	6.07%	6.38%	6.62%	6.93%	6.54%	5.75%	3.86%	3.46%	3.87%	4.53%	4.42%	4.62%	4.28%	4.51%	4.15%	3.78%	4.09%	3.95%	4.06%
Short-Term Debt	70,333,333	44,800,000	135,600,000	196,133,333	288,850,000	274,112,400	242,363,667	3,000,000	3,000,000	205,000,000	10,000,000	3,000,000	2,000,000	8,000,000	116,000,000	2,000,000	1,004,000,000	505,000,000	6,000,000	206,000,000	803,000,000	66,000,000	364,000,000	71,000,000	122,000,000	1,446,000,000	832,000,000	80,000,000	334,000,000	321,000,000	129,860,000	210,950,000	62,300,000	254,000,000	68,500,000	7,600,000	25,700,000	48,400,000	33,200,000	94,800,000	132,100,000	199,800,000	171,900,000
Short-Term Debt Margin	0.81%	0.52%	1.84%	2.58%	3.15%	2.98%	2.81%	0.04%	0.04%	2.36%	0.12%	0.04%	0.03%	0.12%	1.52%	0.03%	14.06%	5.93%	0.07%	2.66%	10.75%	0.87%	4.67%	0.74%	1.04%	11.32%	6.58%	0.66%	3.05%	3.41%	1.55%	2.91%	0.99%	5.85%	1.82%	0.23%	0.88%	1.08%	0.85%	2.69%	4.21%	6.23%	5.46%
Tax Payables	41,333,333	37,600,000	30,200,000	29,466,667	22,100,000	17,680,000	14,733,333	28,000,000	32,000,000	64,000,000	32,000,000	32,000,000	18,000,000	25,000,000	27,000,000	19,000,000	25,000,000	53,000,000	60,000,000	27,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Payables Margin	0.50%	0.46%	0.39%	0.38%	0.28%	0.23%	0.19%	0.36%	0.40%	0.74%	0.38%	0.45%	0.27%	0.38%	0.35%	0.26%	0.35%	0.62%	0.73%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	50,333,333	56,000,000	39,100,000	26,066,667	19,550,000	15,640,000	13,033,333	45,000,000	45,000,000	61,000,000	67,000,000	62,000,000	40,000,000	39,000,000	32,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Revenue Margin	0.61%	0.70%	0.51%	0.34%	0.26%	0.20%	0.17%	0.57%	0.56%	0.70%	0.80%	0.86%	0.60%	0.59%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	74,333,333	96,200,000	115,600,000	113,466,667	85,100,000	92,705,600	145,651,333	79,000,000	83,000,000	61,000,000	76,000,000	182,000,000	190,000,000	335,000,000	50,000,000	52,000,000	48,000,000	340,000,000	48,000,000	91,000,000	67,000,000	0	0	0	0	0	0	0	0	-1,000,000	0	616,640,000	540,300,000	470,100,000	385,200,000	361,300,000	295,000,000	351,600,000	296,000,000	263,500,000	253,300,000	225,300,000	239,800,000
Other Current Liabilities Margin	0.92%	1.24%	1.61%	1.52%	1.14%	1.25%	2.74%	1.01%	1.04%	0.70%	0.91%	2.53%	2.83%	5.03%	0.65%	0.71%	0.67%	3.99%	0.59%	1.17%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	0.00%	8.51%	8.57%	10.82%	10.24%	11.16%	10.08%	7.87%	7.62%	7.48%	8.06%	7.02%	7.61%
Total Current Liabilities	1,714,666,667	1,803,400,000	1,784,300,000	1,836,533,333	1,953,350,000	1,902,402,400	1,694,578,667	1,560,000,000	1,695,000,000	1,889,000,000	1,939,000,000	1,934,000,000	1,548,000,000	1,684,000,000	1,628,000,000	1,460,000,000	2,506,000,000	2,211,000,000	1,782,000,000	1,862,000,000	2,363,000,000	1,487,000,000	1,781,000,000	1,547,000,000	1,908,000,000	3,389,000,000	2,894,000,000	2,147,000,000	2,099,000,000	1,932,450,000	1,236,560,000	1,078,050,000	846,400,000	846,600,000	620,000,000	518,400,000	445,900,000	601,300,000	490,400,000	491,500,000	513,800,000	551,800,000	539,500,000
Total Current Liabilities Margin	20.99%	22.60%	23.76%	24.04%	23.26%	22.10%	21.10%	19.93%	21.28%	21.76%	23.15%	26.91%	23.08%	25.31%	21.30%	19.85%	35.09%	25.95%	21.80%	24.04%	31.65%	19.59%	22.86%	16.11%	16.21%	26.52%	22.89%	17.78%	19.19%	20.52%	14.79%	14.88%	13.42%	19.48%	16.49%	16.01%	15.23%	13.46%	12.62%	13.94%	16.36%	17.20%	17.12%
Long-Term Debt	2,945,666,667	2,915,600,000	2,868,700,000	3,046,866,667	3,231,800,000	3,345,333,600	3,053,031,333	2,945,000,000	2,946,000,000	2,946,000,000	2,949,000,000	2,792,000,000	2,771,000,000	2,971,000,000	2,969,000,000	2,995,000,000	2,403,000,000	2,919,000,000	3,421,000,000	3,422,000,000	3,222,000,000	4,032,000,000	3,604,000,000	3,915,000,000	3,966,000,000	3,533,000,000	3,915,000,000	4,187,000,000	3,848,000,000	4,316,470,000	3,627,630,000	3,018,240,000	2,431,300,000	1,391,400,000	1,321,500,000	1,236,300,000	1,577,100,000	1,592,600,000	1,418,300,000	1,487,100,000	1,369,300,000	1,334,300,000	1,153,200,000
Long-Term Debt Margin	36.18%	36.52%	38.18%	39.89%	38.88%	39.14%	39.21%	37.62%	36.98%	33.94%	35.21%	38.84%	41.32%	44.65%	38.84%	40.71%	33.65%	34.26%	41.86%	44.18%	43.15%	53.11%	46.25%	40.78%	33.70%	27.65%	30.97%	34.68%	35.19%	45.83%	43.40%	41.67%	38.55%	32.02%	35.15%	38.19%	53.88%	35.64%	36.50%	42.19%	43.59%	41.58%	36.60%
Capital Lease Obligations	259,666,667	220,000,000	113,800,000	75,866,667	56,900,000	45,520,000	37,933,333	266,000,000	258,000,000	255,000,000	172,000,000	149,000,000	38,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations Margin	3.19%	2.74%	1.43%	0.95%	0.71%	0.57%	0.48%	3.40%	3.24%	2.94%	2.05%	2.07%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	0	0	0	237,666,667	421,000,000	430,438,400	386,085,333	0	0	0	0	0	0	0	0	0	0	106,000,000	397,000,000	1,053,000,000	970,000,000	1,039,000,000	973,000,000	1,040,000,000	1,008,000,000	932,000,000	902,000,000	740,000,000	672,000,000	508,000,000	199,310,000	221,650,000	220,700,000	230,200,000	163,300,000	107,100,000	100,300,000	83,500,000	113,900,000	121,100,000	103,800,000	100,600,000	89,600,000
Deferred Tax Liabilities Margin	0.00%	0.00%	0.00%	3.09%	4.63%	4.63%	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.24%	4.86%	13.60%	12.99%	13.69%	12.49%	10.83%	8.56%	7.29%	7.13%	6.13%	6.14%	5.39%	2.38%	3.06%	3.50%	5.30%	4.34%	3.31%	3.43%	1.87%	2.93%	3.44%	3.30%	3.13%	2.84%
Other Non-Current Liabilities	342,666,667	389,200,000	551,700,000	468,733,333	351,550,000	283,000,000	235,836,667	341,000,000	348,000,000	339,000,000	437,000,000	481,000,000	602,000,000	669,000,000	715,000,000	785,000,000	800,000,000	844,000,000	666,000,000	4,000,000	0	0	0	0	0	0	0	44,000,000	0	0	0	0	0	100,000	0	100,000	-100,000	-100,000	100,000	0	0	0	100,000
Other Non-Current Liabilities Margin	4.21%	4.91%	7.48%	6.19%	4.64%	3.73%	3.11%	4.36%	4.37%	3.91%	5.22%	6.69%	8.98%	10.05%	9.35%	10.67%	11.20%	9.90%	8.15%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Liabilities	3,533,666,667	3,516,200,000	3,542,300,000	3,834,533,333	4,065,300,000	4,107,513,200	3,723,801,000	3,509,000,000	3,552,000,000	3,540,000,000	3,558,000,000	3,422,000,000	3,535,000,000	3,640,000,000	3,684,000,000	3,780,000,000	3,203,000,000	3,869,000,000	4,484,000,000	4,479,000,000	4,192,000,000	5,071,000,000	4,577,000,000	4,955,000,000	4,974,000,000	4,465,000,000	4,817,000,000	4,971,000,000	4,520,000,000	4,824,000,000	3,826,940,000	3,239,890,000	2,652,000,000	1,868,600,000	1,484,800,000	1,343,500,000	1,677,300,000	1,676,000,000	1,532,300,000	1,608,200,000	1,473,100,000	1,434,900,000	1,242,900,000
Total Non-Current Liabilities Margin	43.40%	44.06%	47.21%	50.21%	48.94%	48.12%	47.55%	44.83%	44.58%	40.78%	42.48%	47.61%	52.71%	54.70%	48.19%	51.38%	44.85%	45.41%	54.86%	57.83%	56.14%	66.79%	58.74%	51.61%	42.26%	34.94%	38.10%	41.17%	41.33%	51.21%	45.79%	44.73%	42.05%	43.01%	39.49%	41.50%	57.30%	37.51%	39.43%	45.62%	46.90%	44.71%	39.45%
Total Liabilities	5,248,333,333	5,319,600,000	5,320,200,000	5,660,400,000	6,010,650,000	6,007,417,600	5,420,621,333	5,069,000,000	5,247,000,000	5,429,000,000	5,497,000,000	5,356,000,000	5,083,000,000	5,324,000,000	5,351,000,000	5,240,000,000	5,606,000,000	6,080,000,000	6,170,000,000	6,341,000,000	6,555,000,000	6,558,000,000	6,358,000,000	6,502,000,000	6,882,000,000	7,854,000,000	7,711,000,000	7,118,000,000	6,717,000,000	6,756,000,000	5,063,500,000	4,317,940,000	3,498,400,000	2,844,900,000	2,104,800,000	1,861,900,000	2,123,200,000	2,277,300,000	2,022,700,000	2,099,700,000	1,986,900,000	1,986,700,000	1,782,400,000
Total Liabilities Margin	64.39%	66.66%	70.88%	74.11%	72.10%	70.17%	68.71%	64.75%	65.86%	62.55%	65.64%	74.51%	75.79%	80.01%	70.00%	71.22%	78.49%	71.35%	75.49%	81.87%	87.79%	86.38%	81.60%	67.73%	58.47%	61.47%	61.00%	58.95%	61.42%	71.72%	60.58%	59.62%	55.47%	65.48%	55.98%	57.52%	72.54%	50.97%	52.05%	59.57%	63.26%	61.91%	56.58%
Preferred Stock	0	0	0	0	0	1,600	1,333	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	20,000	20,000	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	219,333,333	231,400,000	268,500,000	295,000,000	314,400,000	343,427,600	300,973,000	212,000,000	221,000,000	225,000,000	241,000,000	258,000,000	276,000,000	294,000,000	310,000,000	318,000,000	330,000,000	345,000,000	349,000,000	349,000,000	348,000,000	349,000,000	350,000,000	351,000,000	359,000,000	384,000,000	419,000,000	447,000,000	458,000,000	488,890,000	459,050,000	444,750,000	443,500,000	0	0	0	0	0	0	0	0	0	0
Common Stock Margin	2.69%	2.91%	3.61%	3.88%	3.78%	4.02%	3.58%	2.71%	2.77%	2.59%	2.88%	3.59%	4.12%	4.42%	4.06%	4.32%	4.62%	4.05%	4.27%	4.51%	4.66%	4.60%	4.49%	3.66%	3.05%	3.01%	3.31%	3.70%	4.19%	5.19%	5.49%	6.14%	7.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Retained Earnings	-745,333,333	-561,800,000	-439,800,000	-198,200,000	594,500,000	1,073,606,800	1,181,385,667	-693,000,000	-596,000,000	-947,000,000	-652,000,000	79,000,000	-332,000,000	-278,000,000	-298,000,000	-381,000,000	-300,000,000	690,000,000	79,000,000	-102,000,000	38,000,000	720,000,000	1,871,000,000	2,162,000,000	2,969,000,000	3,575,000,000	4,286,000,000	3,880,000,000	3,299,000,000	2,783,000,000	2,468,230,000	2,519,940,000	2,151,500,000	1,762,800,000	1,784,400,000	1,536,400,000	1,366,300,000	1,924,700,000	1,805,200,000	1,685,000,000	1,596,200,000	1,638,400,000	1,641,300,000
Retained Earnings Margin	-9.08%	-6.79%	-5.63%	-2.57%	4.75%	10.05%	15.58%	-8.85%	-7.48%	-10.91%	-7.79%	1.10%	-4.95%	-4.18%	-3.90%	-5.18%	-4.20%	8.10%	0.97%	-1.32%	0.51%	9.48%	24.01%	22.52%	25.23%	27.98%	33.90%	32.14%	30.17%	29.55%	29.53%	34.79%	34.11%	40.57%	47.46%	47.46%	46.68%	43.08%	46.45%	47.80%	50.82%	51.06%	52.10%
Accumulated OCI	225,333,333	153,200,000	-500,000	27,133,333	121,650,000	103,958,400	84,062,000	201,000,000	249,000,000	226,000,000	232,000,000	-142,000,000	-179,000,000	-127,000,000	-65,000,000	-235,000,000	-165,000,000	-111,000,000	115,000,000	59,000,000	76,000,000	273,000,000	366,000,000	308,000,000	697,000,000	512,000,000	143,000,000	454,000,000	256,000,000	-186,000,000	-188,290,000	-169,750,000	-60,500,000	-16,600,000	0	0	0	0	0	0	0	0	0
Accumulated OCI Margin	2.77%	1.82%	-0.18%	0.24%	1.13%	0.89%	0.69%	2.57%	3.13%	2.60%	2.77%	-1.98%	-2.67%	-1.91%	-0.85%	-3.19%	-2.31%	-1.30%	1.41%	0.76%	1.02%	3.60%	4.70%	3.21%	5.92%	4.01%	1.13%	3.76%	2.34%	-1.97%	-2.25%	-2.34%	-0.96%	-0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Minority Interest	235,666,667	238,000,000	217,300,000	215,333,333	178,900,000	143,120,000	119,266,667	227,000,000	242,000,000	238,000,000	257,000,000	226,000,000	179,000,000	180,000,000	236,000,000	195,000,000	193,000,000	204,000,000	228,000,000	212,000,000	215,000,000	198,000,000	188,000,000	160,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest Margin	2.89%	2.98%	2.87%	2.81%	2.31%	1.85%	1.54%	2.90%	3.04%	2.74%	3.07%	3.14%	2.67%	2.71%	3.09%	2.65%	2.70%	2.39%	2.79%	2.74%	2.88%	2.61%	2.41%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	-295,333,333	-174,000,000	-170,200,000	134,266,667	1,040,400,000	1,781,075,600	1,872,053,000	-280,000,000	-126,000,000	-480,000,000	-179,000,000	195,000,000	-235,000,000	-111,000,000	-53,000,000	-298,000,000	-135,000,000	924,000,000	559,000,000	322,000,000	527,000,000	1,384,000,000	2,629,000,000	2,821,000,000	4,025,000,000	4,471,000,000	4,848,000,000	5,423,000,000	5,456,000,000	5,294,000,000	4,119,830,000	3,426,060,000	3,136,500,000	2,774,000,000	2,229,000,000	1,839,800,000	1,655,400,000	2,112,700,000	1,998,400,000	1,886,900,000	1,798,900,000	1,774,000,000	1,858,400,000
Total Shareholders’ Equity Margin	-3.56%	-2.02%	-2.19%	1.68%	9.79%	17.74%	24.32%	-3.58%	-1.58%	-5.53%	-2.14%	2.71%	-3.50%	-1.67%	-0.69%	-4.05%	-1.89%	10.84%	6.84%	4.16%	7.06%	18.23%	33.74%	29.39%	34.20%	34.99%	38.35%	44.91%	49.89%	56.20%	49.29%	47.30%	49.73%	63.84%	59.28%	56.84%	56.56%	47.29%	51.43%	53.53%	57.27%	55.28%	58.99%
Total Equity	-59,666,667	64,000,000	47,100,000	349,600,000	1,219,300,000	1,924,195,600	1,991,319,667	-53,000,000	116,000,000	-242,000,000	78,000,000	421,000,000	-56,000,000	69,000,000	183,000,000	-103,000,000	58,000,000	1,128,000,000	787,000,000	534,000,000	742,000,000	1,582,000,000	2,817,000,000	2,981,000,000	4,025,000,000	4,471,000,000	4,848,000,000	5,423,000,000	5,456,000,000	5,294,000,000	4,119,830,000	3,426,060,000	3,136,500,000	2,774,000,000	2,229,000,000	1,839,800,000	1,655,400,000	2,112,700,000	1,998,400,000	1,886,900,000	1,798,900,000	1,774,000,000	1,858,400,000
Total Equity Margin	-0.67%	0.96%	0.68%	4.49%	12.10%	19.59%	25.86%	-0.68%	1.46%	-2.79%	0.93%	5.86%	-0.83%	1.04%	2.39%	-1.40%	0.81%	13.24%	9.63%	6.89%	9.94%	20.84%	36.15%	31.05%	34.20%	34.99%	38.35%	44.91%	49.89%	56.20%	49.29%	47.30%	49.73%	63.84%	59.28%	56.84%	56.56%	47.29%	51.43%	53.53%	57.27%	55.28%	58.99%
Total Liabilities & Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities & Equity Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	7,333,333	40,800,000	86,300,000	124,000,000	93,000,000	74,400,000	62,000,000	0	0	22,000,000	25,000,000	157,000,000	11,000,000	12,000,000	121,000,000	219,000,000	296,000,000	356,000,000	434,000,000	95,000,000	112,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Investments Margin	0.08%	0.55%	1.18%	1.60%	1.20%	0.96%	0.80%	0.00%	0.00%	0.25%	0.30%	2.18%	0.16%	0.18%	1.58%	2.98%	4.14%	4.18%	5.31%	1.23%	1.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	2,730,000,000	2,418,000,000	2,263,000,000	2,281,266,667	2,435,100,000	2,607,010,400	2,403,122,000	2,580,000,000	2,617,000,000	2,993,000,000	2,243,000,000	1,657,000,000	2,276,000,000	2,427,000,000	1,891,000,000	2,007,000,000	1,939,000,000	2,045,000,000	2,204,000,000	2,588,000,000	2,369,000,000	2,383,000,000	2,555,000,000	2,958,000,000	3,166,000,000	3,021,000,000	2,783,000,000	3,011,000,000	3,387,000,000	3,570,000,000	3,445,500,000	3,059,760,000	2,262,800,000	1,394,400,000	948,700,000	770,200,000	1,542,300,000	1,579,800,000	1,331,500,000	1,536,500,000	1,439,300,000	1,483,000,000	1,278,600,000
Net Debt Margin	33.43%	30.02%	29.97%	29.81%	29.17%	30.43%	31.01%	32.96%	32.85%	34.48%	26.78%	23.05%	33.93%	36.47%	24.74%	27.28%	27.15%	24.00%	26.97%	33.42%	31.73%	31.39%	32.79%	30.81%	26.90%	23.64%	22.01%	24.94%	30.97%	37.90%	41.22%	42.24%	35.88%	32.09%	25.23%	23.79%	52.69%	35.36%	34.26%	43.59%	45.82%	46.21%	40.58%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Revenue	8,158,333,333	8,007,600,000	7,554,200,000	7,669,333,333	8,481,100,000	8,706,096,000	7,940,946,667	7,828,000,000	7,967,000,000	8,680,000,000	8,375,000,000	7,188,000,000	6,707,000,000	6,654,000,000	7,644,000,000	7,357,000,000	7,142,000,000	8,521,000,000	8,173,000,000	7,745,000,000	7,467,000,000	7,592,000,000	7,792,000,000	9,600,000,000	11,770,000,000	12,778,000,000	12,642,000,000	12,074,000,000	10,936,000,000	9,419,400,000	8,358,000,000	7,243,000,000	6,307,000,000	4,345,000,000	3,760,000,000	3,237,000,000	2,927,000,000	4,468,000,000	3,886,000,000	3,525,000,000	3,141,000,000	3,209,000,000	3,150,500,000
Working Capital	1,129,333,333	1,285,200,000	1,255,400,000	1,352,666,667	1,478,400,000	1,526,631,600	1,429,396,333	1,170,000,000	1,161,000,000	1,057,000,000	1,483,000,000	1,555,000,000	1,163,000,000	1,082,000,000	1,587,000,000	1,474,000,000	822,000,000	1,652,000,000	1,686,000,000	1,355,000,000	1,066,000,000	1,977,000,000	1,670,000,000	1,753,000,000	1,900,000,000	1,726,000,000	2,229,000,000	2,255,000,000	1,705,000,000	2,017,320,000	1,390,360,000	1,230,110,000	1,263,400,000	1,016,000,000	1,006,700,000	911,400,000	518,600,000	1,290,100,000	1,153,400,000	974,000,000	862,100,000	813,400,000	853,800,000
Working Capital Margin	13.90%	16.21%	16.69%	17.65%	17.59%	17.64%	18.57%	14.95%	14.57%	12.18%	17.71%	21.63%	17.34%	16.26%	20.76%	20.04%	11.51%	19.39%	20.63%	17.50%	14.28%	26.04%	21.43%	18.26%	16.14%	13.51%	17.63%	18.68%	15.59%	21.42%	16.64%	16.98%	20.03%	23.38%	26.77%	28.16%	17.72%	28.87%	29.68%	27.63%	27.45%	25.35%	27.10%
Total Capital	3,008,000,000	3,038,400,000	2,980,100,000	3,474,600,000	4,634,050,000	5,458,902,800	5,226,172,333	2,934,000,000	3,125,000,000	2,965,000,000	2,990,000,000	3,178,000,000	2,738,000,000	2,868,000,000	3,032,000,000	2,699,000,000	3,272,000,000	4,348,000,000	3,986,000,000	3,950,000,000	4,552,000,000	5,482,000,000	6,597,000,000	6,807,000,000	8,113,000,000	9,450,000,000	9,595,000,000	9,690,000,000	9,638,000,000	9,931,000,000	7,877,320,000	6,655,250,000	5,630,100,000	4,721,600,000	3,619,000,000	3,083,700,000	3,258,200,000	3,753,700,000	3,449,900,000	3,468,800,000	3,300,300,000	3,308,100,000	3,183,500,000
Total Capital Margin	36.95%	38.16%	39.69%	45.39%	52.76%	60.61%	67.20%	37.48%	39.22%	34.16%	35.70%	44.21%	40.82%	43.10%	39.67%	36.69%	45.81%	51.03%	48.77%	51.00%	60.96%	72.21%	84.66%	70.91%	68.93%	73.96%	75.90%	80.26%	88.13%	105.43%	94.25%	91.89%	89.27%	108.67%	96.25%	95.26%	111.32%	84.01%	88.78%	98.41%	105.07%	103.09%	101.05%
Capital Employed	3,474,000,000	3,580,200,000	3,580,000,000	4,167,133,333	5,271,850,000	6,024,468,000	5,698,360,000	3,456,000,000	3,668,000,000	3,298,000,000	3,636,000,000	3,843,000,000	3,479,000,000	3,709,000,000	3,860,000,000	3,677,000,000	3,174,000,000	4,956,000,000	5,151,000,000	5,013,000,000	4,934,000,000	6,653,000,000	7,394,000,000	7,936,000,000	8,999,000,000	8,936,000,000	9,665,000,000	10,394,000,000	10,050,000,000	10,117,980,000	7,946,770,000	6,665,950,000	5,788,500,000	4,320,800,000	3,713,800,000	3,183,300,000	3,332,700,000	3,788,700,000	3,530,700,000	3,495,100,000	3,272,000,000	3,208,900,000	3,101,300,000
Capital Employed Margin	42.73%	45.01%	47.76%	54.48%	60.88%	67.61%	73.08%	44.15%	46.04%	38.00%	43.41%	53.46%	51.87%	55.74%	50.50%	49.98%	44.44%	58.16%	63.02%	64.73%	66.08%	87.63%	94.89%	82.67%	76.46%	69.93%	76.45%	86.09%	91.90%	107.42%	95.08%	92.03%	91.78%	99.44%	98.77%	98.34%	113.86%	84.80%	90.86%	99.15%	104.17%	100.00%	98.44%
Invested Capital	2,434,666,667	2,244,000,000	2,092,100,000	2,394,066,667	3,459,400,000	4,375,223,200	4,264,839,333	2,300,000,000	2,491,000,000	2,513,000,000	2,064,000,000	1,852,000,000	2,041,000,000	2,309,000,000	1,838,000,000	1,709,000,000	1,804,000,000	2,965,000,000	2,763,000,000	2,599,000,000	2,896,000,000	3,767,000,000	5,184,000,000	5,779,000,000	7,191,000,000	7,492,000,000	7,631,000,000	8,434,000,000	8,843,000,000	8,864,430,000	7,565,330,000	6,485,820,000	5,399,300,000	4,179,900,000	3,177,700,000	2,610,000,000	3,197,700,000	3,692,500,000	3,329,900,000	3,423,400,000	3,238,200,000	3,257,000,000	3,137,000,000
Invested Capital Margin	29.87%	28.00%	27.77%	31.22%	38.75%	48.00%	55.20%	29.38%	31.27%	28.95%	24.64%	25.77%	30.43%	34.70%	24.05%	23.23%	25.26%	34.80%	33.81%	33.56%	38.78%	49.62%	66.53%	60.20%	61.10%	58.63%	60.36%	69.85%	80.86%	94.11%	90.52%	89.55%	85.61%	96.20%	84.51%	80.63%	109.25%	82.64%	85.69%	97.12%	103.09%	101.50%	99.57%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Revenue	8,158,333,333	8,007,600,000	7,554,200,000	7,669,333,333	8,481,100,000	8,706,096,000	7,940,946,667	7,828,000,000	7,967,000,000	8,680,000,000	8,375,000,000	7,188,000,000	6,707,000,000	6,654,000,000	7,644,000,000	7,357,000,000	7,142,000,000	8,521,000,000	8,173,000,000	7,745,000,000	7,467,000,000	7,592,000,000	7,792,000,000	9,600,000,000	11,770,000,000	12,778,000,000	12,642,000,000	12,074,000,000	10,936,000,000	9,419,400,000	8,358,000,000	7,243,000,000	6,307,000,000	4,345,000,000	3,760,000,000	3,237,000,000	2,927,000,000	4,468,000,000	3,886,000,000	3,525,000,000	3,141,000,000	3,209,000,000	3,150,500,000
Net Income	874,666,667	875,600,000	875,800,000	563,266,667	486,350,000	512,236,000	469,583,333	822,000,000	960,000,000	842,000,000	478,000,000	1,276,000,000	980,000,000	981,000,000	901,000,000	814,000,000	704,000,000	695,000,000	607,000,000	-76,000,000	-533,000,000	-1,002,000,000	-145,000,000	-391,000,000	386,000,000	488,000,000	940,000,000	893,000,000	806,000,000	589,700,000	198,500,000	591,700,000	569,600,000	476,000,000	382,400,000	295,200,000	-441,600,000	193,700,000	221,100,000	183,100,000	44,900,000	138,800,000	220,900,000
Net Income Margin	10.75%	11.14%	11.78%	7.47%	6.03%	6.09%	5.88%	10.50%	12.05%	9.70%	5.71%	17.75%	14.61%	14.74%	11.79%	11.06%	9.86%	8.16%	7.43%	-0.98%	-7.14%	-13.20%	-1.86%	-4.07%	3.28%	3.82%	7.44%	7.40%	7.37%	6.26%	2.37%	8.17%	9.03%	10.96%	10.17%	9.12%	-15.09%	4.34%	5.69%	5.19%	1.43%	4.33%	7.01%
Depreciation & Amortization	148,000,000	145,600,000	143,700,000	169,733,333	188,550,000	199,204,800	186,804,000	150,000,000	149,000,000	145,000,000	151,000,000	133,000,000	159,000,000	156,000,000	127,000,000	134,000,000	133,000,000	167,000,000	186,000,000	214,000,000	263,000,000	279,000,000	254,000,000	238,000,000	248,000,000	244,000,000	241,000,000	237,000,000	244,000,000	220,300,000	269,490,000	238,330,000	181,800,000	136,300,000	116,100,000	99,700,000	90,100,000	120,600,000	116,000,000	114,500,000	102,700,000	93,500,000	89,100,000
Depreciation & Amortization Margin	1.82%	1.82%	1.92%	2.22%	2.25%	2.32%	2.44%	1.92%	1.87%	1.67%	1.80%	1.85%	2.37%	2.34%	1.66%	1.82%	1.86%	1.96%	2.28%	2.76%	3.52%	3.67%	3.26%	2.48%	2.11%	1.91%	1.91%	1.96%	2.23%	2.34%	3.22%	3.29%	2.88%	3.14%	3.09%	3.08%	3.08%	2.70%	2.99%	3.25%	3.27%	2.91%	2.83%
Deferred Income Tax	3,333,333	-4,200,000	39,200,000	8,933,333	3,150,000	12,674,800	14,999,000	28,000,000	-3,000,000	-15,000,000	-53,000,000	22,000,000	-18,000,000	46,000,000	43,000,000	130,000,000	212,000,000	-406,000,000	42,000,000	50,000,000	-112,000,000	168,000,000	-83,000,000	20,000,000	-41,000,000	-42,000,000	75,000,000	91,000,000	179,000,000	63,500,000	-94,890,000	15,260,000	5,200,000	45,900,000	34,900,000	28,900,000	18,200,000	-36,100,000	-8,500,000	11,600,000	-3,600,000	6,300,000	-2,100,000
Deferred Income Tax Margin	0.05%	-0.04%	0.55%	0.18%	0.09%	0.15%	0.25%	0.36%	-0.04%	-0.17%	-0.63%	0.31%	-0.27%	0.69%	0.56%	1.77%	2.97%	-4.76%	0.51%	0.65%	-1.50%	2.21%	-1.07%	0.21%	-0.35%	-0.33%	0.59%	0.75%	1.64%	0.67%	-1.14%	0.21%	0.08%	1.06%	0.93%	0.89%	0.62%	-0.81%	-0.22%	0.33%	-0.11%	0.20%	-0.07%
Stock-Based Compensation	10,333,333	27,400,000	30,700,000	39,466,667	36,750,000	29,400,000	24,500,000	0	31,000,000	0	61,000,000	45,000,000	35,000,000	27,000,000	38,000,000	29,000,000	41,000,000	47,000,000	54,000,000	61,000,000	61,000,000	62,000,000	69,000,000	74,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	0.13%	0.35%	0.41%	0.52%	0.47%	0.38%	0.31%	0.00%	0.39%	0.00%	0.73%	0.63%	0.52%	0.41%	0.50%	0.39%	0.57%	0.55%	0.66%	0.79%	0.82%	0.82%	0.89%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-49,666,667	-54,200,000	-46,900,000	-25,000,000	12,800,000	5,630,000	-6,828,333	-124,000,000	241,000,000	-266,000,000	-224,000,000	102,000,000	-6,000,000	51,000,000	-150,000,000	-88,000,000	-5,000,000	-93,000,000	38,000,000	36,000,000	-2,000,000	115,000,000	235,000,000	161,000,000	283,000,000	-57,000,000	9,000,000	-10,000,000	36,000,000	-12,520,000	37,370,000	-166,100,000	-200,700,000	-109,900,000	-35,400,000	29,000,000	-28,600,000	-75,100,000	-36,200,000	-92,400,000	36,900,000	-38,900,000	-61,900,000
Change in Working Capital Margin	-0.54%	-0.58%	-0.54%	-0.27%	0.13%	0.04%	-0.19%	-1.58%	3.02%	-3.06%	-2.67%	1.42%	-0.09%	0.77%	-1.96%	-1.20%	-0.07%	-1.09%	0.46%	0.46%	-0.03%	1.51%	3.02%	1.68%	2.40%	-0.45%	0.07%	-0.08%	0.33%	-0.13%	0.45%	-2.29%	-3.18%	-2.53%	-0.94%	0.90%	-0.98%	-1.68%	-0.93%	-2.62%	1.17%	-1.21%	-1.96%
Accounts Receivable	-4,000,000	-43,400,000	-67,600,000	-59,466,667	-44,600,000	-35,680,000	-29,733,333	-39,000,000	42,000,000	-15,000,000	-64,000,000	-141,000,000	-37,000,000	-46,000,000	-140,000,000	-132,000,000	-104,000,000	-81,000,000	-85,000,000	-50,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accounts Receivable Margin	-0.05%	-0.57%	-0.92%	-0.79%	-0.59%	-0.47%	-0.39%	-0.50%	0.53%	-0.17%	-0.76%	-1.96%	-0.55%	-0.69%	-1.83%	-1.79%	-1.46%	-0.95%	-1.04%	-0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	64,666,667	-49,000,000	-29,600,000	-30,866,667	-9,350,000	-12,708,800	-16,000,667	4,000,000	233,000,000	-43,000,000	-350,000,000	-89,000,000	58,000,000	-11,000,000	-76,000,000	-39,000,000	17,000,000	-75,000,000	-24,000,000	-16,000,000	-54,000,000	2,000,000	198,000,000	104,000,000	157,000,000	-126,000,000	-57,000,000	-138,000,000	39,000,000	10,510,000	47,580,000	-89,810,000	-68,300,000	-39,300,000	-38,800,000	-1,900,000	-14,000,000	-74,500,000	-38,800,000	-35,100,000	17,600,000	-48,700,000	-39,000,000
Inventory Margin	0.83%	-0.59%	-0.35%	-0.37%	-0.10%	-0.14%	-0.23%	0.05%	2.92%	-0.50%	-4.18%	-1.24%	0.86%	-0.17%	-0.99%	-0.53%	0.24%	-0.88%	-0.29%	-0.21%	-0.72%	0.03%	2.54%	1.08%	1.33%	-0.99%	-0.45%	-1.14%	0.36%	0.11%	0.57%	-1.24%	-1.08%	-0.90%	-1.03%	-0.06%	-0.48%	-1.67%	-1.00%	-1.00%	0.56%	-1.52%	-1.24%
Accounts Payable	-118,000,000	-70,800,000	-1,800,000	-1,200,000	-900,000	-720,000	-600,000	-95,000,000	-34,000,000	-225,000,000	0	0	0	108,000,000	67,000,000	79,000,000	82,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accounts Payable Margin	-1.41%	-0.85%	0.05%	0.03%	0.02%	0.02%	0.02%	-1.21%	-0.43%	-2.59%	0.00%	0.00%	0.00%	1.62%	0.88%	1.07%	1.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	7,666,667	109,000,000	43,500,000	46,400,000	52,550,000	42,658,800	29,439,000	6,000,000	0	17,000,000	190,000,000	332,000,000	-27,000,000	62,000,000	-74,000,000	-49,000,000	-22,000,000	-18,000,000	62,000,000	52,000,000	52,000,000	113,000,000	37,000,000	57,000,000	126,000,000	69,000,000	66,000,000	128,000,000	-3,000,000	-23,030,000	-10,210,000	-76,290,000	-132,400,000	-70,600,000	3,400,000	30,900,000	-14,600,000	-600,000	2,600,000	-57,300,000	19,300,000	9,800,000	-22,900,000
Other Working Capital Margin	0.09%	1.43%	0.57%	0.61%	0.62%	0.48%	0.29%	0.08%	0.00%	0.20%	2.27%	4.62%	-0.40%	0.93%	-0.97%	-0.67%	-0.31%	-0.21%	0.76%	0.67%	0.70%	1.49%	0.47%	0.59%	1.07%	0.54%	0.52%	1.06%	-0.03%	-0.24%	-0.12%	-1.05%	-2.10%	-1.62%	0.09%	0.95%	-0.50%	-0.01%	0.07%	-1.63%	0.61%	0.31%	-0.73%
Other Non-Cash Items	122,666,667	52,000,000	-117,300,000	9,200,000	109,750,000	135,922,800	109,625,667	199,000,000	35,000,000	134,000,000	517,000,000	-625,000,000	-317,000,000	-229,000,000	-208,000,000	-293,000,000	-386,000,000	192,000,000	-282,000,000	-4,000,000	562,000,000	843,000,000	375,000,000	695,000,000	343,000,000	535,000,000	109,000,000	243,000,000	156,000,000	72,830,000	586,640,000	144,600,000	-65,300,000	-4,300,000	-7,200,000	-32,600,000	100,000	108,100,000	-31,500,000	-13,200,000	69,900,000	5,000,000	-22,200,000
Other Non-Cash Items Margin	1.51%	0.40%	-1.83%	-0.06%	0.96%	1.29%	1.00%	2.54%	0.44%	1.54%	6.17%	-8.70%	-4.73%	-3.44%	-2.72%	-3.98%	-5.40%	2.25%	-3.45%	-0.05%	7.53%	11.10%	4.81%	7.24%	2.91%	4.19%	0.86%	2.01%	1.43%	0.77%	7.02%	2.00%	-1.04%	-0.10%	-0.19%	-1.01%	0.00%	2.42%	-0.81%	-0.37%	2.23%	0.16%	-0.70%
Net Cash from Operating Activities	1,109,333,333	1,042,200,000	925,200,000	765,600,000	841,900,000	905,533,200	820,521,000	1,075,000,000	1,413,000,000	840,000,000	930,000,000	953,000,000	833,000,000	1,032,000,000	751,000,000	726,000,000	699,000,000	602,000,000	645,000,000	281,000,000	239,000,000	465,000,000	705,000,000	797,000,000	1,270,000,000	1,208,000,000	1,374,000,000	1,454,000,000	1,421,000,000	1,224,850,000	966,640,000	733,840,000	490,600,000	419,100,000	405,000,000	340,100,000	322,500,000	311,200,000	260,900,000	203,600,000	250,800,000	204,700,000	223,800,000
Net Cash from Operating Activities Margin	13.72%	13.10%	12.29%	10.06%	9.96%	10.36%	10.29%	13.73%	17.74%	9.68%	11.10%	13.26%	12.42%	15.51%	9.82%	9.87%	9.79%	7.06%	7.89%	3.63%	3.20%	6.12%	9.05%	8.30%	10.79%	9.45%	10.87%	12.04%	12.99%	13.00%	11.57%	10.13%	7.78%	9.65%	10.77%	10.51%	11.02%	6.97%	6.71%	5.78%	7.98%	6.38%	7.10%
Capital Expenditures (PPE)	-211,666,667	-175,400,000	-176,900,000	-162,000,000	-183,650,000	-208,045,200	-256,331,000	-168,000,000	-243,000,000	-224,000,000	-128,000,000	-114,000,000	-162,000,000	-219,000,000	-173,000,000	-180,000,000	-158,000,000	-128,000,000	-126,000,000	-119,000,000	-151,000,000	-137,000,000	-125,000,000	-200,000,000	-248,000,000	-388,000,000	-282,000,000	-310,000,000	-271,000,000	-284,670,000	-274,430,000	-388,030,000	-1,145,900,000	-511,900,000	-354,300,000	-311,600,000	-165,100,000	-190,600,000	-166,500,000	-117,700,000	-113,000,000	-165,600,000	-163,700,000
Capital Expenditures (PPE) Margin	-2.59%	-2.18%	-2.35%	-2.13%	-2.15%	-2.39%	-3.81%	-2.15%	-3.05%	-2.58%	-1.53%	-1.59%	-2.42%	-3.29%	-2.26%	-2.45%	-2.21%	-1.50%	-1.54%	-1.54%	-2.02%	-1.80%	-1.60%	-2.08%	-2.11%	-3.04%	-2.23%	-2.57%	-2.48%	-3.02%	-3.28%	-5.36%	-18.17%	-11.78%	-9.42%	-9.63%	-5.64%	-4.27%	-4.28%	-3.34%	-3.60%	-5.16%	-5.20%
Acquisitions (Net)	-9,333,333	112,600,000	91,400,000	61,400,000	51,400,000	-45,633,200	-38,027,667	107,000,000	-136,000,000	1,000,000	-52,000,000	643,000,000	722,000,000	-549,000,000	39,000,000	180,000,000	-41,000,000	-2,000,000	10,000,000	9,000,000	-10,000,000	0	0	158,000,000	-158,000,000	132,000,000	-25,000,000	-16,000,000	-239,000,000	-735,990,000	-589,060,000	-588,780,000	0	0	0	0	0	0	0	0	0	0	0
Acquisitions (Net) Margin	-0.11%	1.60%	1.29%	0.86%	0.71%	-0.45%	-0.37%	1.37%	-1.71%	0.01%	-0.62%	8.95%	10.76%	-8.25%	0.51%	2.45%	-0.57%	-0.02%	0.12%	0.12%	-0.13%	0.00%	0.00%	1.65%	-1.34%	1.03%	-0.20%	-0.13%	-2.19%	-7.81%	-7.05%	-8.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0	0	-34,500,000	-59,000,000	-101,450,000	-150,470,400	-125,392,000	0	0	0	0	0	0	219,000,000	-99,000,000	-211,000,000	-254,000,000	-400,000,000	-410,000,000	119,000,000	151,000,000	0	0	200,000,000	-1,047,000,000	-142,000,000	-155,000,000	-349,000,000	-377,000,000	-581,980,000	-424,780,000	0	0	0	0	0	0	0	0	0	0	0	0
Purchases of Investments Margin	0.00%	0.00%	-0.44%	-0.71%	-0.99%	-1.49%	-1.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.29%	-1.30%	-2.87%	-3.56%	-4.69%	-5.02%	1.54%	2.02%	0.00%	0.00%	2.08%	-8.90%	-1.11%	-1.23%	-2.89%	-3.45%	-6.18%	-5.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	1,000,000	35,400,000	97,500,000	134,733,333	188,350,000	227,271,600	189,393,000	0	2,000,000	1,000,000	171,000,000	3,000,000	1,000,000	113,000,000	112,000,000	283,000,000	289,000,000	443,000,000	427,000,000	40,000,000	94,000,000	42,000,000	11,000,000	58,000,000	1,155,000,000	174,000,000	348,000,000	679,000,000	507,000,000	306,150,000	422,640,000	0	0	0	0	0	0	0	0	0	0	3,400,000	5,300,000
Sales / Maturities of Investments Margin	0.01%	0.42%	1.32%	1.73%	2.03%	2.37%	1.97%	0.00%	0.03%	0.01%	2.04%	0.04%	0.01%	1.70%	1.47%	3.85%	4.05%	5.20%	5.22%	0.52%	1.26%	0.55%	0.14%	0.60%	9.81%	1.36%	2.75%	5.62%	4.64%	3.25%	5.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.11%	0.17%
Other Investing Activities	-6,000,000	-4,400,000	-34,100,000	-37,800,000	-27,550,000	-5,637,200	30,455,667	-4,000,000	-6,000,000	-8,000,000	-3,000,000	-1,000,000	21,000,000	-215,000,000	96,000,000	-196,000,000	-25,000,000	-13,000,000	22,000,000	-76,000,000	-145,000,000	-14,000,000	-4,000,000	-229,000,000	-49,000,000	-2,000,000	300,000,000	157,000,000	252,000,000	310,000	199,060,000	-198,300,000	13,900,000	101,000,000	40,700,000	876,400,000	22,600,000	-142,900,000	210,700,000	-90,500,000	-75,300,000	62,400,000	-81,000,000
Other Investing Activities Margin	-0.07%	-0.05%	-0.49%	-0.53%	-0.42%	-0.21%	0.88%	-0.05%	-0.08%	-0.09%	-0.04%	-0.01%	0.31%	-3.23%	1.26%	-2.66%	-0.35%	-0.15%	0.27%	-0.98%	-1.94%	-0.18%	-0.05%	-2.39%	-0.42%	-0.02%	2.37%	1.30%	2.30%	0.00%	2.38%	-2.74%	0.22%	2.32%	1.08%	27.07%	0.77%	-3.20%	5.42%	-2.57%	-2.40%	1.94%	-2.57%
Net Cash from Investing Activities	-226,000,000	-31,800,000	-56,600,000	-62,666,667	-72,900,000	-182,514,400	-199,902,000	-65,000,000	-383,000,000	-230,000,000	-12,000,000	531,000,000	582,000,000	-651,000,000	-25,000,000	-124,000,000	-189,000,000	-100,000,000	-77,000,000	-27,000,000	-61,000,000	-109,000,000	-118,000,000	-13,000,000	-347,000,000	-226,000,000	186,000,000	161,000,000	-128,000,000	-1,296,180,000	-666,570,000	-1,175,110,000	-1,132,000,000	-410,900,000	-313,600,000	564,800,000	-142,500,000	-333,500,000	44,200,000	-208,200,000	-188,300,000	-99,800,000	-239,400,000
Net Cash from Investing Activities Margin	-2.76%	-0.21%	-0.68%	-0.77%	-0.82%	-2.17%	-2.58%	-0.83%	-4.81%	-2.65%	-0.14%	7.39%	8.68%	-9.78%	-0.33%	-1.69%	-2.65%	-1.17%	-0.94%	-0.35%	-0.82%	-1.44%	-1.51%	-0.14%	-2.95%	-1.77%	1.47%	1.33%	-1.17%	-13.76%	-7.98%	-16.22%	-17.95%	-9.46%	-8.34%	17.45%	-4.87%	-7.46%	1.14%	-5.91%	-5.99%	-3.11%	-7.60%
Net Debt Issuance	-6,000,000	29,400,000	-37,700,000	-61,133,333	-64,200,000	-12,014,400	14,544,667	-3,000,000	-205,000,000	190,000,000	152,000,000	13,000,000	-209,000,000	-115,000,000	55,000,000	-452,000,000	197,000,000	-2,000,000	-202,000,000	-396,000,000	-64,000,000	124,000,000	-11,000,000	-33,000,000	-881,000,000	151,000,000	407,000,000	-13,000,000	-541,000,000	634,000,000	201,630,000	702,010,000	579,000,000	315,700,000	262,300,000	-368,100,000	-52,200,000	134,200,000	-131,400,000	80,500,000	-30,000,000	168,900,000	161,700,000
Net Debt Issuance Margin	-0.14%	0.31%	-0.59%	-0.85%	-0.82%	-0.10%	0.26%	-0.04%	-2.57%	2.19%	1.81%	0.18%	-3.12%	-1.73%	0.72%	-6.14%	2.76%	-0.02%	-2.47%	-5.11%	-0.86%	1.63%	-0.14%	-0.34%	-7.49%	1.18%	3.22%	-0.11%	-4.95%	6.73%	2.41%	9.69%	9.18%	7.27%	6.98%	-11.37%	-1.78%	3.00%	-3.38%	2.28%	-0.96%	5.26%	5.13%
Long-Term Debt Issuance	-6,000,000	-1,600,000	-28,800,000	-33,333,333	19,850,000	55,225,600	70,578,000	-3,000,000	-205,000,000	190,000,000	-3,000,000	13,000,000	-8,000,000	-115,000,000	55,000,000	-412,000,000	200,000,000	-2,000,000	-202,000,000	-1,000,000	-5,000,000	-2,000,000	-11,000,000	-33,000,000	544,000,000	-10,000,000	407,000,000	-13,000,000	-541,000,000	634,000,000	201,630,000	702,010,000	579,000,000	315,700,000	262,300,000	-368,100,000	-52,200,000	134,200,000	-131,400,000	80,500,000	-30,000,000	168,900,000	161,700,000
Long-Term Debt Issuance Margin	-0.14%	-0.06%	-0.42%	-0.45%	0.02%	0.57%	0.82%	-0.04%	-2.57%	2.19%	-0.04%	0.18%	-0.12%	-1.73%	0.72%	-5.60%	2.80%	-0.02%	-2.47%	-0.01%	-0.07%	-0.03%	-0.14%	-0.34%	4.62%	-0.08%	3.22%	-0.11%	-4.95%	6.73%	2.41%	9.69%	9.18%	7.27%	6.98%	-11.37%	-1.78%	3.00%	-3.38%	2.28%	-0.96%	5.26%	5.13%
Short-Term Debt Issuance	0	31,000,000	-3,100,000	-23,266,667	-80,650,000	-64,520,000	-53,766,667	0	0	0	155,000,000	0	-201,000,000	0	58,000,000	-40,000,000	-3,000,000	0	0	-395,000,000	-58,000,000	135,000,000	0	0	-1,425,000,000	161,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short-Term Debt Issuance Margin	0.00%	0.37%	-0.10%	-0.34%	-0.80%	-0.64%	-0.53%	0.00%	0.00%	0.00%	1.85%	0.00%	-3.00%	0.00%	0.76%	-0.54%	-0.04%	0.00%	0.00%	-5.10%	-0.78%	1.78%	0.00%	0.00%	-12.11%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-646,000,000	-738,200,000	-654,900,000	-454,933,333	-478,550,000	-442,589,600	-376,344,667	-672,000,000	-353,000,000	-913,000,000	-1,026,000,000	-727,000,000	-896,000,000	-640,000,000	-331,000,000	-499,000,000	-492,000,000	-157,000,000	-35,000,000	-8,000,000	-30,000,000	-45,000,000	-11,000,000	-160,000,000	-797,000,000	-826,000,000	-953,000,000	-885,000,000	-790,000,000	400,000,000	-115,330,000	-103,410,000	-106,400,000	-90,100,000	-29,100,000	0	0	-61,700,000	0	0	63,600,000	-188,100,000	-109,800,000
Net Stock Issuance Margin	-7.84%	-9.18%	-8.69%	-6.02%	-5.64%	-5.04%	-4.35%	-8.58%	-4.43%	-10.52%	-12.25%	-10.11%	-13.36%	-9.62%	-4.33%	-6.78%	-6.89%	-1.84%	-0.43%	-0.10%	-0.40%	-0.59%	-0.14%	-1.67%	-6.77%	-6.46%	-7.54%	-7.33%	-7.22%	4.25%	-1.38%	-1.43%	-1.69%	-2.07%	-0.77%	0.00%	0.00%	-1.38%	0.00%	0.00%	2.02%	-5.86%	-3.49%
Common Stock Issuance	26,666,667	16,000,000	8,300,000	5,600,000	10,250,000	42,161,600	35,134,667	79,000,000	0	1,000,000	0	0	0	0	0	1,000,000	2,000,000	1,000,000	0	0	0	0	0	0	60,000,000	28,000,000	33,000,000	58,000,000	37,000,000	598,000,000	0	156,040,000	0	0	0	0	0	0	0	0	63,600,000	0	0
Common Stock Issuance Margin	0.34%	0.20%	0.11%	0.07%	0.10%	0.46%	0.38%	1.01%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.51%	0.22%	0.26%	0.48%	0.34%	6.35%	0.00%	2.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.02%	0.00%	0.00%
Common Stock Repurchased	-672,666,667	-754,200,000	-656,700,000	-456,200,000	-485,550,000	-482,151,200	-409,312,667	-751,000,000	-353,000,000	-914,000,000	-1,026,000,000	-727,000,000	-896,000,000	-654,000,000	-331,000,000	-459,000,000	-456,000,000	-158,000,000	-35,000,000	-8,000,000	-30,000,000	-45,000,000	-11,000,000	-160,000,000	-857,000,000	-854,000,000	-986,000,000	-943,000,000	-827,000,000	-198,000,000	-115,330,000	-259,450,000	-106,400,000	-90,100,000	-29,100,000	0	0	-61,700,000	0	0	0	-188,100,000	-109,800,000
Common Stock Repurchased Margin	-8.18%	-9.38%	-8.71%	-6.03%	-5.70%	-5.46%	-4.70%	-9.59%	-4.43%	-10.53%	-12.25%	-10.11%	-13.36%	-9.83%	-4.33%	-6.24%	-6.38%	-1.85%	-0.43%	-0.10%	-0.40%	-0.59%	-0.14%	-1.67%	-7.28%	-6.68%	-7.80%	-7.81%	-7.56%	-2.10%	-1.38%	-3.58%	-1.69%	-2.07%	-0.77%	0.00%	0.00%	-1.38%	0.00%	0.00%	0.00%	-5.86%	-3.49%
Preferred Stock Issuance	0	0	-6,500,000	-4,333,333	-3,250,000	-2,600,000	-2,166,667	0	0	0	0	0	0	14,000,000	0	-41,000,000	-38,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Issuance Margin	0.00%	0.00%	-0.09%	-0.06%	-0.04%	-0.04%	-0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.00%	-0.56%	-0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-256,333,333	-225,000,000	-178,600,000	-157,666,667	-195,900,000	-209,454,800	-197,275,667	-254,000,000	-257,000,000	-258,000,000	-211,000,000	-145,000,000	-144,000,000	-134,000,000	-129,000,000	-128,000,000	-126,000,000	-117,000,000	-107,000,000	-107,000,000	-125,000,000	-123,000,000	-182,000,000	-336,000,000	-347,000,000	-349,000,000	-339,000,000	-302,000,000	-286,000,000	-267,880,000	-243,810,000	-218,680,000	-165,000,000	-145,300,000	-131,700,000	-123,500,000	-116,400,000	-109,000,000	-99,000,000	-92,700,000	-85,200,000	-81,100,000	-74,800,000
Net Dividends Paid Margin	-3.15%	-2.80%	-2.33%	-2.05%	-2.24%	-2.35%	-2.53%	-3.24%	-3.23%	-2.97%	-2.52%	-2.02%	-2.15%	-2.01%	-1.69%	-1.74%	-1.76%	-1.37%	-1.31%	-1.38%	-1.67%	-1.62%	-2.34%	-3.50%	-2.95%	-2.73%	-2.68%	-2.50%	-2.62%	-2.84%	-2.92%	-3.02%	-2.62%	-3.34%	-3.50%	-3.82%	-3.98%	-2.44%	-2.55%	-2.63%	-2.71%	-2.53%	-2.37%
Common Dividends Paid	-256,333,333	-225,000,000	-178,600,000	-155,466,667	-193,450,000	-207,499,600	-195,646,333	-254,000,000	-257,000,000	-258,000,000	-211,000,000	-145,000,000	-144,000,000	-134,000,000	-129,000,000	-128,000,000	-126,000,000	-117,000,000	-107,000,000	-107,000,000	-107,000,000	-108,000,000	-166,000,000	-336,000,000	-347,000,000	-349,000,000	-339,000,000	-302,000,000	-286,000,000	-268,000,000	-243,810,000	-218,680,000	-165,000,000	-145,300,000	-131,700,000	-123,500,000	-116,400,000	-109,000,000	-99,000,000	-92,700,000	-85,200,000	-81,100,000	-74,800,000
Common Dividends Paid Margin	-3.15%	-2.80%	-2.33%	-2.02%	-2.21%	-2.33%	-2.51%	-3.24%	-3.23%	-2.97%	-2.52%	-2.02%	-2.15%	-2.01%	-1.69%	-1.74%	-1.76%	-1.37%	-1.31%	-1.38%	-1.43%	-1.42%	-2.13%	-3.50%	-2.95%	-2.73%	-2.68%	-2.50%	-2.62%	-2.85%	-2.92%	-3.02%	-2.62%	-3.34%	-3.50%	-3.82%	-3.98%	-2.44%	-2.55%	-2.63%	-2.71%	-2.53%	-2.37%
Preferred Dividends Paid	0	0	0	0	-800,000	-640,000	-533,333	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-16,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Dividends Paid Margin	0.00%	0.00%	0.00%	0.00%	-0.01%	-0.01%	-0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	-65,666,667	-87,400,000	-80,100,000	-63,600,000	-50,600,000	-38,225,200	-40,047,667	-73,000,000	-39,000,000	-85,000,000	-213,000,000	-27,000,000	-42,000,000	-131,000,000	-172,000,000	-30,000,000	11,000,000	-21,000,000	-38,000,000	-65,000,000	-18,000,000	-11,000,000	7,000,000	-102,000,000	19,000,000	18,000,000	0	55,000,000	0	1,370,000	0	0	11,500,000	-44,400,000	-225,300,000	-100,000	12,500,000	0	-100,000	0	100,000	0	-100,000
Other Financing Activities Margin	-0.80%	-1.06%	-1.04%	-0.82%	-0.65%	-0.50%	-0.63%	-0.93%	-0.49%	-0.98%	-2.54%	-0.38%	-0.63%	-1.97%	-2.25%	-0.41%	0.15%	-0.25%	-0.46%	-0.84%	-0.24%	-0.14%	0.09%	-1.06%	0.16%	0.14%	0.00%	0.46%	0.00%	0.01%	0.00%	0.00%	0.18%	-1.02%	-5.99%	0.00%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Financing Activities	-974,000,000	-1,021,200,000	-945,000,000	-730,933,333	-784,500,000	-698,488,800	-594,080,667	-1,002,000,000	-854,000,000	-1,066,000,000	-1,298,000,000	-886,000,000	-1,291,000,000	-1,020,000,000	-577,000,000	-1,046,000,000	-410,000,000	-297,000,000	-382,000,000	-576,000,000	-219,000,000	-40,000,000	-197,000,000	-632,000,000	-2,006,000,000	-1,006,000,000	-885,000,000	-1,145,000,000	-1,617,000,000	767,370,000	-157,510,000	379,920,000	319,100,000	92,300,000	-123,800,000	-491,700,000	-156,100,000	-36,500,000	-230,500,000	-12,200,000	-51,500,000	-100,300,000	-23,000,000
Net Cash from Financing Activities Margin	-11.93%	-12.73%	-12.57%	-9.65%	-9.29%	-7.94%	-7.17%	-12.80%	-10.72%	-12.28%	-15.50%	-12.33%	-19.25%	-15.33%	-7.55%	-14.22%	-5.74%	-3.49%	-4.67%	-7.44%	-2.93%	-0.53%	-2.53%	-6.58%	-17.04%	-7.87%	-7.00%	-9.48%	-14.79%	8.15%	-1.88%	5.25%	5.06%	2.12%	-3.29%	-15.19%	-5.33%	-0.82%	-5.93%	-0.35%	-1.64%	-3.13%	-0.73%
Effect of FX on Cash	-6,666,667	-1,800,000	1,500,000	-3,200,000	-1,950,000	4,021,600	-36,135,333	-8,000,000	6,000,000	-18,000,000	-20,000,000	31,000,000	14,000,000	4,000,000	55,000,000	-34,000,000	-15,000,000	-45,000,000	-3,000,000	17,000,000	-18,000,000	-14,000,000	-5,000,000	-46,000,000	47,000,000	18,000,000	-5,000,000	29,000,000	52,000,000	58,540,000	0	0	-100,000	-8,200,000	-91,400,000	-904,900,000	-180,000,000	22,300,000	-305,100,000	4,600,000	-62,500,000	-104,900,000	15,600,000
Effect of FX on Cash Margin	-0.08%	-0.01%	0.03%	-0.03%	-0.03%	0.03%	-1.20%	-0.10%	0.08%	-0.21%	-0.24%	0.43%	0.21%	0.06%	0.72%	-0.46%	-0.21%	-0.53%	-0.04%	0.22%	-0.24%	-0.18%	-0.06%	-0.48%	0.40%	0.14%	-0.04%	0.24%	0.48%	0.62%	0.00%	0.00%	0.00%	-0.19%	-2.43%	-27.95%	-6.15%	0.50%	-7.85%	0.13%	-1.99%	-3.27%	0.50%
Net Change in Cash	-97,333,333	-12,600,000	-74,900,000	-31,200,000	-17,450,000	28,551,600	-9,597,000	0	182,000,000	-474,000,000	-400,000,000	629,000,000	138,000,000	-635,000,000	204,000,000	-478,000,000	85,000,000	160,000,000	183,000,000	-305,000,000	-59,000,000	302,000,000	385,000,000	106,000,000	-1,036,000,000	-6,000,000	670,000,000	499,000,000	-272,000,000	754,580,000	142,560,000	-61,350,000	-322,400,000	92,300,000	-123,800,000	-491,700,000	-156,100,000	-36,500,000	-230,500,000	-12,200,000	-51,500,000	-100,300,000	-23,000,000
Net Change in Cash Margin	-1.06%	0.16%	-0.93%	-0.40%	-0.17%	0.28%	-0.66%	0.00%	2.28%	-5.46%	-4.78%	8.75%	2.06%	-9.54%	2.67%	-6.50%	1.19%	1.88%	2.24%	-3.94%	-0.79%	3.98%	4.94%	1.10%	-8.80%	-0.05%	5.30%	4.13%	-2.49%	8.01%	1.71%	-0.85%	-5.11%	2.12%	-3.29%	-15.19%	-5.33%	-0.82%	-5.93%	-0.35%	-1.64%	-3.13%	-0.73%
Cash at Beginning of Period	670,666,667	807,000,000	962,900,000	1,111,733,333	1,192,100,000	1,055,128,000	931,446,667	634,000,000	452,000,000	926,000,000	1,326,000,000	697,000,000	559,000,000	1,194,000,000	990,000,000	1,468,000,000	1,383,000,000	1,223,000,000	1,040,000,000	1,656,000,000	1,715,000,000	1,413,000,000	1,028,000,000	922,000,000	1,958,000,000	1,964,000,000	1,294,000,000	757,000,000	1,067,000,000	311,990,000	169,430,000	230,780,000	553,200,000	441,300,000	473,700,000	60,500,000	36,500,000	120,000,000	45,400,000	62,100,000	51,100,000	46,500,000	85,100,000
Cash at Beginning of Period Margin	8.15%	9.99%	12.85%	14.57%	14.18%	12.33%	11.43%	8.10%	5.67%	10.67%	15.83%	9.70%	8.33%	17.94%	12.95%	19.95%	19.36%	14.35%	12.72%	21.38%	22.97%	18.61%	13.19%	9.60%	16.64%	15.37%	10.24%	6.27%	9.76%	3.31%	2.03%	3.19%	8.77%	10.16%	12.60%	1.87%	1.25%	2.69%	1.17%	1.76%	1.63%	1.45%	2.70%
Cash at End of Period	573,333,333	794,400,000	888,000,000	1,080,533,333	1,174,650,000	1,083,679,600	921,849,667	634,000,000	634,000,000	452,000,000	926,000,000	1,326,000,000	697,000,000	559,000,000	1,194,000,000	990,000,000	1,468,000,000	1,383,000,000	1,223,000,000	1,351,000,000	1,656,000,000	1,715,000,000	1,413,000,000	1,028,000,000	922,000,000	1,958,000,000	1,964,000,000	1,256,000,000	795,000,000	1,066,570,000	311,990,000	169,430,000	230,800,000	533,600,000	349,900,000	-431,200,000	-119,600,000	83,500,000	-185,100,000	49,900,000	-400,000	-53,800,000	62,100,000
Cash at End of Period Margin	7.09%	10.15%	11.92%	14.17%	14.01%	12.61%	10.77%	8.10%	7.96%	5.21%	11.06%	18.45%	10.39%	8.40%	15.62%	13.46%	20.55%	16.23%	14.96%	17.44%	22.18%	22.59%	18.13%	10.71%	7.83%	15.32%	15.54%	10.40%	7.27%	11.32%	3.73%	2.34%	3.66%	12.28%	9.31%	-13.32%	-4.09%	1.87%	-4.76%	1.42%	-0.01%	-1.68%	1.97%
Operating Cash Flow	1,109,333,333	1,042,200,000	925,200,000	765,600,000	841,900,000	905,533,200	820,521,000	1,075,000,000	1,413,000,000	840,000,000	930,000,000	953,000,000	833,000,000	1,032,000,000	751,000,000	726,000,000	699,000,000	602,000,000	645,000,000	281,000,000	239,000,000	465,000,000	705,000,000	797,000,000	1,270,000,000	1,208,000,000	1,374,000,000	1,454,000,000	1,421,000,000	1,224,850,000	966,640,000	733,840,000	490,600,000	419,100,000	405,000,000	340,100,000	322,500,000	311,200,000	260,900,000	203,600,000	250,800,000	204,700,000	223,800,000
Operating Cash Flow Margin	13.72%	13.10%	12.29%	10.06%	9.96%	10.36%	10.29%	13.73%	17.74%	9.68%	11.10%	13.26%	12.42%	15.51%	9.82%	9.87%	9.79%	7.06%	7.89%	3.63%	3.20%	6.12%	9.05%	8.30%	10.79%	9.45%	10.87%	12.04%	12.99%	13.00%	11.57%	10.13%	7.78%	9.65%	10.77%	10.51%	11.02%	6.97%	6.71%	5.78%	7.98%	6.38%	7.10%
Capital Expenditure	-211,666,667	-175,400,000	-176,900,000	-162,000,000	-183,650,000	-208,045,200	-256,331,000	-168,000,000	-243,000,000	-224,000,000	-128,000,000	-114,000,000	-162,000,000	-219,000,000	-173,000,000	-180,000,000	-158,000,000	-128,000,000	-126,000,000	-119,000,000	-151,000,000	-137,000,000	-125,000,000	-200,000,000	-248,000,000	-388,000,000	-282,000,000	-310,000,000	-271,000,000	-284,670,000	-274,430,000	-388,030,000	-1,145,900,000	-511,900,000	-354,300,000	-311,600,000	-165,100,000	-190,600,000	-166,500,000	-117,700,000	-113,000,000	-165,600,000	-163,700,000
Capital Expenditure Margin	-2.59%	-2.18%	-2.35%	-2.13%	-2.15%	-2.39%	-3.81%	-2.15%	-3.05%	-2.58%	-1.53%	-1.59%	-2.42%	-3.29%	-2.26%	-2.45%	-2.21%	-1.50%	-1.54%	-1.54%	-2.02%	-1.80%	-1.60%	-2.08%	-2.11%	-3.04%	-2.23%	-2.57%	-2.48%	-3.02%	-3.28%	-5.36%	-18.17%	-11.78%	-9.42%	-9.63%	-5.64%	-4.27%	-4.28%	-3.34%	-3.60%	-5.16%	-5.20%
Free Cash Flow	897,666,667	866,800,000	748,300,000	603,600,000	658,250,000	697,488,000	564,190,000	907,000,000	1,170,000,000	616,000,000	802,000,000	839,000,000	671,000,000	813,000,000	578,000,000	546,000,000	541,000,000	474,000,000	519,000,000	162,000,000	88,000,000	328,000,000	580,000,000	597,000,000	1,022,000,000	820,000,000	1,092,000,000	1,144,000,000	1,150,000,000	940,180,000	692,210,000	345,810,000	-655,300,000	-92,800,000	50,700,000	28,500,000	157,400,000	120,600,000	94,400,000	85,900,000	137,800,000	39,100,000	60,100,000
Free Cash Flow Margin	11.12%	10.92%	9.94%	7.93%	7.82%	7.97%	6.48%	11.59%	14.69%	7.10%	9.58%	11.67%	10.00%	12.22%	7.56%	7.42%	7.57%	5.56%	6.35%	2.09%	1.18%	4.32%	7.44%	6.22%	8.68%	6.42%	8.64%	9.47%	10.52%	9.98%	8.28%	4.77%	-10.39%	-2.14%	1.35%	0.88%	5.38%	2.70%	2.43%	2.44%	4.39%	1.22%	1.91%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Revenue	8,158,333,333	8,007,600,000	7,554,200,000	7,669,333,333	8,481,100,000	8,706,096,000	7,940,946,667	7,828,000,000	7,967,000,000	8,680,000,000	8,375,000,000	7,188,000,000	6,707,000,000	6,654,000,000	7,644,000,000	7,357,000,000	7,142,000,000	8,521,000,000	8,173,000,000	7,745,000,000	7,467,000,000	7,592,000,000	7,792,000,000	9,600,000,000	11,770,000,000	12,778,000,000	12,642,000,000	12,074,000,000	10,936,000,000	9,419,400,000	8,358,000,000	7,243,000,000	6,307,000,000	4,345,000,000	3,760,000,000	3,237,000,000	2,927,000,000	4,468,000,000	3,886,000,000	3,525,000,000	3,141,000,000	3,209,000,000	3,150,500,000
EBITDA	1,449,666,667	1,374,800,000	1,269,500,000	990,400,000	1,001,000,000	1,104,372,800	1,054,527,333	1,410,000,000	1,493,000,000	1,446,000,000	1,117,000,000	1,408,000,000	1,232,000,000	1,223,000,000	1,124,000,000	1,195,000,000	1,047,000,000	899,000,000	807,000,000	541,000,000	125,000,000	-211,000,000	328,000,000	273,000,000	1,372,000,000	1,360,000,000	1,831,000,000	1,821,000,000	1,693,000,000	1,471,000,000	1,309,290,000	1,295,030,000	1,093,300,000	1,023,100,000	837,400,000	580,200,000	492,500,000	630,200,000	519,900,000	473,100,000	351,000,000	456,300,000	494,000,000
EBITDA Margin	17.80%	17.27%	16.87%	13.00%	11.94%	12.74%	13.88%	18.01%	18.74%	16.66%	13.34%	19.59%	18.37%	18.38%	14.70%	16.24%	14.66%	10.55%	9.87%	6.99%	1.67%	-2.78%	4.21%	2.84%	11.66%	10.64%	14.48%	15.08%	15.48%	15.62%	15.67%	17.88%	17.33%	23.55%	22.27%	17.92%	16.83%	14.10%	13.38%	13.42%	11.17%	14.22%	15.68%
(-) Tax Adjustment	344,296,987	341,743,627	357,551,354	283,754,391	310,682,333	356,838,632	349,507,889	348,552,972	335,261,712	349,076,278	340,944,767	334,882,405	310,021,882	297,996,692	387,367,232	426,168,675	445,240,929	-520,638,261	206,398,618	1,069,119,048	-12,976,695	-61,100,386	-106,437,086	170,786,730	598,690,909	622,577,778	671,712,465	682,575,099	644,620,888	497,800,097	444,993,143	437,329,921	404,500,442	378,072,715	329,836,583	239,489,755	212,371,376	251,806,510	202,884,308	188,898,524	189,525,615	187,819,966	160,387,649
(-) Tax Adjustment Margin	4.23%	4.28%	4.76%	3.79%	3.63%	4.03%	4.64%	4.45%	4.21%	4.02%	4.07%	4.66%	4.62%	4.48%	5.07%	5.79%	6.23%	-6.11%	2.53%	13.80%	-0.17%	-0.80%	-1.37%	1.78%	5.09%	4.87%	5.31%	5.65%	5.89%	5.28%	5.32%	6.04%	6.41%	8.70%	8.77%	7.40%	7.26%	5.64%	5.22%	5.36%	6.03%	5.85%	5.09%
(-) Change In Working Capital	-49,666,667	-54,200,000	-46,900,000	-25,000,000	12,800,000	5,630,000	-6,828,333	-124,000,000	241,000,000	-266,000,000	-224,000,000	102,000,000	-6,000,000	51,000,000	-150,000,000	-88,000,000	-5,000,000	-93,000,000	38,000,000	36,000,000	-2,000,000	115,000,000	235,000,000	161,000,000	283,000,000	-57,000,000	9,000,000	-10,000,000	36,000,000	-12,520,000	37,370,000	-166,100,000	-200,700,000	-109,900,000	-35,400,000	29,000,000	-28,600,000	-75,100,000	-36,200,000	-92,400,000	36,900,000	-38,900,000	-61,900,000
(-) Change In Working Capital Margin	-0.54%	-0.58%	-0.54%	-0.27%	0.13%	0.04%	-0.19%	-1.58%	3.02%	-3.06%	-2.67%	1.42%	-0.09%	0.77%	-1.96%	-1.20%	-0.07%	-1.09%	0.46%	0.46%	-0.03%	1.51%	3.02%	1.68%	2.40%	-0.45%	0.07%	-0.08%	0.33%	-0.13%	0.45%	-2.29%	-3.18%	-2.53%	-0.94%	0.90%	-0.98%	-1.68%	-0.93%	-2.62%	1.17%	-1.21%	-1.96%
(-) Capital Expenditure	-211,666,667	-175,400,000	-176,900,000	-162,000,000	-183,650,000	-208,045,200	-256,331,000	-168,000,000	-243,000,000	-224,000,000	-128,000,000	-114,000,000	-162,000,000	-219,000,000	-173,000,000	-180,000,000	-158,000,000	-128,000,000	-126,000,000	-119,000,000	-151,000,000	-137,000,000	-125,000,000	-200,000,000	-248,000,000	-388,000,000	-282,000,000	-310,000,000	-271,000,000	-284,670,000	-274,430,000	-388,030,000	-1,145,900,000	-511,900,000	-354,300,000	-311,600,000	-165,100,000	-190,600,000	-166,500,000	-117,700,000	-113,000,000	-165,600,000	-163,700,000
(-) Capital Expenditure Margin	-2.59%	-2.18%	-2.35%	-2.13%	-2.15%	-2.39%	-3.81%	-2.15%	-3.05%	-2.58%	-1.53%	-1.59%	-2.42%	-3.29%	-2.26%	-2.45%	-2.21%	-1.50%	-1.54%	-1.54%	-2.02%	-1.80%	-1.60%	-2.08%	-2.11%	-3.04%	-2.23%	-2.57%	-2.48%	-3.02%	-3.28%	-5.36%	-18.17%	-11.78%	-9.42%	-9.63%	-5.64%	-4.27%	-4.28%	-3.34%	-3.60%	-5.16%	-5.20%
Unlevered Free Cash Flow	943,369,679	911,856,373	781,948,646	569,645,609	493,867,667	533,858,968	455,516,777	1,017,447,028	673,738,288	1,138,923,722	872,055,233	857,117,595	765,978,118	655,003,308	713,632,768	676,831,325	448,759,071	1,384,638,261	436,601,382	-683,119,048	-11,023,305	-401,899,614	74,437,086	-258,786,730	242,309,091	406,422,222	868,287,535	838,424,901	741,379,112	701,049,903	552,496,857	635,770,079	-256,400,442	243,027,285	188,663,417	110,245	143,628,624	262,893,490	186,715,692	258,901,476	11,574,385	141,780,034	231,812,351
Unlevered Free Cash Flow Margin	11.53%	11.38%	10.30%	7.36%	6.03%	6.29%	5.62%	13.00%	8.46%	13.12%	10.41%	11.92%	11.42%	9.84%	9.34%	9.20%	6.28%	16.25%	5.34%	-8.82%	-0.15%	-5.29%	0.96%	-2.70%	2.06%	3.18%	6.87%	6.94%	6.78%	7.44%	6.61%	8.78%	-4.07%	5.59%	5.02%	0.00%	4.91%	5.88%	4.80%	7.34%	0.37%	4.42%	7.36%
(-) Net Interest Income After Taxes	-76,718,652	-106,014,145	-121,360,063	-130,432,376	-124,264,100	-99,411,280	-82,842,733	-74,527,132	-75,218,094	-80,410,729	-192,450,581	-107,464,191	-116,743,982	-114,207,277	-180,225,989	-144,759,036	-127,593,614	-353,725,217	-173,407,834	241,119,048	-279,264,831	-177,606,178	-298,013,245	-85,364,929	-145,418,182	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(-) Net Interest Income After Taxes Margin	-0.94%	-1.32%	-1.62%	-1.69%	-1.57%	-1.25%	-1.05%	-0.95%	-0.94%	-0.93%	-2.30%	-1.50%	-1.74%	-1.72%	-2.36%	-1.97%	-1.79%	-4.15%	-2.12%	3.11%	-3.74%	-2.34%	-3.82%	-0.89%	-1.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	-6,000,000	29,400,000	-37,700,000	-61,133,333	-64,200,000	-12,014,400	14,544,667	-3,000,000	-205,000,000	190,000,000	152,000,000	13,000,000	-209,000,000	-115,000,000	55,000,000	-452,000,000	197,000,000	-2,000,000	-202,000,000	-396,000,000	-64,000,000	124,000,000	-11,000,000	-33,000,000	-881,000,000	151,000,000	407,000,000	-13,000,000	-541,000,000	634,000,000	201,630,000	702,010,000	579,000,000	315,700,000	262,300,000	-368,100,000	-52,200,000	134,200,000	-131,400,000	80,500,000	-30,000,000	168,900,000	161,700,000
Net Debt Issuance Margin	-0.14%	0.31%	-0.59%	-0.85%	-0.82%	-0.10%	0.26%	-0.04%	-2.57%	2.19%	1.81%	0.18%	-3.12%	-1.73%	0.72%	-6.14%	2.76%	-0.02%	-2.47%	-5.11%	-0.86%	1.63%	-0.14%	-0.34%	-7.49%	1.18%	3.22%	-0.11%	-4.95%	6.73%	2.41%	9.69%	9.18%	7.27%	6.98%	-11.37%	-1.78%	3.00%	-3.38%	2.28%	-0.96%	5.26%	5.13%
Levered Free Cash Flow	1,014,088,331	1,047,270,518	865,608,708	638,944,651	553,931,767	621,255,847	552,904,177	1,088,974,160	543,956,381	1,409,334,451	1,216,505,814	977,581,786	673,722,101	654,210,584	948,858,757	369,590,361	773,352,685	1,736,363,478	408,009,217	-1,320,238,095	204,241,525	-100,293,436	361,450,331	-206,421,801	-493,272,727	557,422,222	1,275,287,535	825,424,901	200,379,112	1,335,049,903	754,126,857	1,337,780,079	322,599,558	558,727,285	450,963,417	-367,989,755	91,428,624	397,093,490	55,315,692	339,401,476	-18,425,615	310,680,034	393,512,351
Levered Free Cash Flow Margin	12.33%	13.02%	11.32%	8.20%	6.79%	7.44%	6.93%	13.91%	6.83%	16.24%	14.53%	13.60%	10.05%	9.83%	12.41%	5.02%	10.83%	20.38%	4.99%	-17.05%	2.74%	-1.32%	4.64%	-2.15%	-4.19%	4.36%	10.09%	6.84%	1.83%	14.17%	9.02%	18.47%	5.11%	12.86%	11.99%	-11.37%	3.12%	8.89%	1.42%	9.63%	-0.59%	9.68%	12.49%