Baker Hughes Company (BKR)

Analysis: Margins & Ratios Industry: Oil & Gas Equipment & Services Sector: Energy Live Price: $51.75

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y 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
Revenue	24,830,333,333	23,139,600,000	20,954,900,000	27,711,000,000	27,300,000,000	27,829,000,000	25,506,000,000	21,156,000,000	20,502,000,000	20,705,000,000	23,838,000,000	22,877,000,000	17,179,000,000	13,269,000,000	16,688,000,000	19,191,000,000
Cost of Revenue	19,642,333,333	18,577,200,000	16,764,200,000	21,390,000,000	21,543,000,000	21,916,000,000	20,255,000,000	16,756,000,000	16,453,000,000	17,506,000,000	19,406,000,000	18,891,000,000	14,143,000,000	10,123,000,000	12,193,000,000	14,280,000,000
Cost of Revenue Margin	79.12%	80.43%	79.78%	77.19%	78.91%	78.75%	79.41%	79.20%	80.25%	84.55%	81.41%	82.58%	82.33%	76.29%	73.06%	74.41%
Gross Profit	5,163,666,667	4,547,800,000	4,183,400,000	6,321,000,000	5,757,000,000	5,840,000,000	5,251,000,000	4,400,000,000	4,049,000,000	3,199,000,000	4,432,000,000	3,986,000,000	3,036,000,000	3,146,000,000	4,495,000,000	4,911,000,000
Gross Profit Margin	20.79%	19.51%	20.19%	22.81%	21.09%	20.99%	20.59%	20.80%	19.75%	15.45%	18.59%	17.42%	17.67%	23.71%	26.94%	25.59%
R&D Expenses	214,333,333	227,000,000	378,300,000	453,000,000	815,000,000	643,000,000	0	0	492,000,000	0	687,000,000	700,000,000	501,000,000	352,000,000	408,000,000	420,000,000
R&D Expenses Margin	0.77%	0.94%	1.87%	1.63%	2.99%	2.31%	0.00%	0.00%	2.40%	0.00%	2.88%	3.06%	2.92%	2.65%	2.44%	2.19%
SG&A Expenses	2,526,333,333	2,490,600,000	2,457,200,000	2,336,000,000	2,507,000,000	2,458,000,000	2,611,000,000	2,510,000,000	2,470,000,000	2,404,000,000	2,832,000,000	2,699,000,000	2,535,000,000	1,938,000,000	2,115,000,000	2,402,000,000
SG&A Expenses Margin	10.31%	10.92%	12.03%	8.43%	9.18%	8.83%	10.24%	11.86%	12.05%	11.61%	11.88%	11.80%	14.76%	14.61%	12.67%	12.52%
Operating Expenses	2,969,333,333	6,164,800,000	4,789,500,000	3,070,000,000	2,669,000,000	2,759,000,000	2,934,000,000	3,215,000,000	2,739,000,000	19,177,000,000	3,358,000,000	3,285,000,000	3,320,000,000	2,475,000,000	4,633,000,000	2,389,000,000
Operating Expenses Margin	12.20%	28.52%	23.68%	11.08%	9.78%	9.91%	11.50%	15.20%	13.36%	92.62%	14.09%	14.36%	19.33%	18.65%	27.76%	12.45%
Operating Income (EBIT)	2,194,333,333	-1,617,000,000	-627,500,000	3,252,000,000	3,088,000,000	3,081,000,000	2,317,000,000	1,185,000,000	1,310,000,000	-15,978,000,000	1,074,000,000	701,000,000	-284,000,000	457,000,000	-138,000,000	2,509,000,000
Operating Income (EBIT) Margin	8.59%	-9.00%	-3.65%	11.74%	11.31%	11.07%	9.08%	5.60%	6.39%	-77.17%	4.51%	3.06%	-1.65%	3.44%	-0.83%	13.07%
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income 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%
Interest Expense	222,000,000	245,800,000	204,200,000	216,000,000	188,000,000	198,000,000	216,000,000	252,000,000	299,000,000	264,000,000	237,000,000	223,000,000	131,000,000	102,000,000	120,000,000	232,000,000
Interest Expense Margin	0.92%	1.10%	0.97%	0.78%	0.69%	0.71%	0.85%	1.19%	1.46%	1.28%	0.99%	0.97%	0.76%	0.77%	0.72%	1.21%
Net Interest Income	-222,000,000	-245,800,000	-204,200,000	-216,000,000	-188,000,000	-198,000,000	-216,000,000	-252,000,000	-299,000,000	-264,000,000	-237,000,000	-223,000,000	-131,000,000	-102,000,000	-120,000,000	-232,000,000
Net Interest Income Margin	-0.92%	-1.10%	-0.97%	-0.78%	-0.69%	-0.71%	-0.85%	-1.19%	-1.46%	-1.28%	-0.99%	-0.97%	-0.76%	-0.77%	-0.72%	-1.21%
Unusual Items	435,666,667	395,200,000	345,100,000	327,000,000	280,000,000	14,000,000	-122,000,000	1,415,000,000	1,181,000,000	-512,000,000	558,000,000	383,000,000	193,000,000	201,000,000	140,000,000	405,000,000
Unusual Items Margin	2.09%	1.91%	1.70%	1.18%	1.03%	0.05%	-0.48%	6.69%	5.76%	-2.47%	2.34%	1.67%	1.12%	1.51%	0.84%	2.11%
EBT Excluding Unusual Items	1,545,000,000	-2,161,600,000	-1,113,500,000	2,814,000,000	2,716,000,000	3,251,000,000	2,777,000,000	-1,393,000,000	-753,000,000	-14,690,000,000	195,000,000	158,000,000	-539,000,000	157,000,000	-298,000,000	1,931,000,000
EBT Excluding Unusual Items Margin	5.33%	-11.73%	-6.09%	10.15%	9.95%	11.68%	10.89%	-6.58%	-3.67%	-70.95%	0.82%	0.69%	-3.14%	1.18%	-1.79%	10.06%
Pre-Tax Income	1,980,666,667	-1,766,400,000	-768,400,000	3,141,000,000	2,996,000,000	3,265,000,000	2,655,000,000	22,000,000	428,000,000	-15,202,000,000	753,000,000	541,000,000	-346,000,000	358,000,000	-158,000,000	2,336,000,000
Pre-Tax Income Margin	7.42%	-9.82%	-4.38%	11.33%	10.97%	11.73%	10.41%	0.10%	2.09%	-73.42%	3.16%	2.36%	-2.01%	2.70%	-0.95%	12.17%
Income Tax Expense	514,000,000	571,800,000	429,000,000	213,000,000	727,000,000	257,000,000	685,000,000	600,000,000	758,000,000	559,000,000	482,000,000	258,000,000	45,000,000	173,000,000	473,000,000	484,000,000
Income Tax Expense Margin	2.15%	2.57%	2.04%	0.77%	2.66%	0.92%	2.69%	2.84%	3.70%	2.70%	2.02%	1.13%	0.26%	1.30%	2.83%	2.52%
Net Income	1,440,333,333	-1,167,600,000	-592,800,000	2,891,000,000	2,240,000,000	2,979,000,000	1,943,000,000	-601,000,000	-219,000,000	-9,940,000,000	128,000,000	195,000,000	-61,000,000	254,000,000	-606,000,000	1,840,000,000
Net Income Margin	5.16%	-6.72%	-3.43%	10.43%	8.21%	10.70%	7.62%	-2.84%	-1.07%	-48.01%	0.54%	0.85%	-0.36%	1.91%	-3.63%	9.59%
Depreciation and Amortization	1,094,666,667	1,141,200,000	1,079,300,000	1,152,000,000	1,118,000,000	1,136,000,000	1,087,000,000	1,061,000,000	1,105,000,000	1,317,000,000	1,418,000,000	1,486,000,000	1,103,000,000	550,000,000	530,000,000	586,000,000
Depreciation and Amortization Margin	4.45%	5.02%	5.13%	4.16%	4.10%	4.08%	4.26%	5.02%	5.39%	6.36%	5.95%	6.50%	6.42%	4.14%	3.18%	3.05%
EBITDA	3,297,333,333	-379,400,000	537,700,000	4,509,000,000	4,303,000,000	4,599,000,000	3,958,000,000	1,335,000,000	1,832,000,000	-13,621,000,000	2,408,000,000	2,250,000,000	888,000,000	1,236,000,000	492,000,000	3,095,000,000
EBITDA Margin	12.78%	-3.70%	1.89%	16.27%	15.76%	16.53%	15.52%	6.31%	8.94%	-65.79%	10.10%	9.84%	5.17%	9.31%	2.95%	16.13%
NOPAT	-8,858,497,746	-8,830,214,927	-4,403,375,566	3,031,472,779	2,338,675,567	2,838,483,308	1,719,205,273	-31,133,181,818	-1,010,046,729	-16,565,534,666	386,525,896	366,696,858	-320,936,416	236,159,218	-551,126,582	1,989,155,822
NOPAT Margin	-43.41%	-43.03%	-21.53%	10.94%	8.57%	10.20%	6.74%	-147.16%	-4.93%	-80.01%	1.62%	1.60%	-1.87%	1.78%	-3.30%	10.37%
Owner's Earnings	1,443,666,667	-946,800,000	-340,400,000	2,796,000,000	2,077,000,000	2,837,000,000	1,806,000,000	-312,000,000	345,000,000	-9,410,000,000	570,000,000	686,000,000	377,000,000	380,000,000	-683,000,000	1,843,000,000
Owner's Earnings Margin	5.27%	-5.59%	-2.16%	10.09%	7.61%	10.19%	7.08%	-1.47%	1.68%	-45.45%	2.39%	3.00%	2.19%	2.86%	-4.09%	9.60%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y 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
Revenue	24,830,333,333	23,139,600,000	20,954,900,000	27,829,000,000	25,506,000,000	21,156,000,000	20,502,000,000	20,705,000,000	23,838,000,000	22,877,000,000	17,179,000,000	13,269,000,000	16,688,000,000
Cash & Cash Equivalents	2,832,666,667	3,296,600,000	3,289,800,000	3,364,000,000	2,646,000,000	2,488,000,000	3,853,000,000	4,132,000,000	3,249,000,000	3,723,000,000	7,030,000,000	981,000,000	1,432,000,000
Cash & Cash Equivalents Margin	11.41%	14.59%	15.98%	12.09%	10.37%	11.76%	18.79%	19.96%	13.63%	16.27%	40.92%	7.39%	8.58%
Short-Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Short-Term Investments 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%
Cash & Short-Term Investments	2,832,666,667	3,296,600,000	3,289,800,000	3,364,000,000	2,646,000,000	2,488,000,000	3,853,000,000	4,132,000,000	3,249,000,000	3,723,000,000	7,030,000,000	981,000,000	1,432,000,000
Cash & Short-Term Investments Margin	11.41%	14.59%	15.98%	12.09%	10.37%	11.76%	18.79%	19.96%	13.63%	16.27%	40.92%	7.39%	8.58%
Net Receivables	6,718,333,333	6,285,600,000	5,445,800,000	7,122,000,000	7,075,000,000	5,958,000,000	5,651,000,000	5,622,000,000	6,416,000,000	5,969,000,000	6,015,000,000	2,563,000,000	2,067,000,000
Net Receivables Margin	27.16%	27.24%	25.59%	25.59%	27.74%	28.16%	27.56%	27.15%	26.92%	26.09%	35.01%	19.32%	12.39%
Inventory	4,878,333,333	4,607,000,000	4,366,500,000	4,954,000,000	5,094,000,000	4,587,000,000	3,979,000,000	4,421,000,000	4,608,000,000	4,620,000,000	4,507,000,000	3,224,000,000	3,671,000,000
Inventory Margin	19.82%	20.04%	21.23%	17.80%	19.97%	21.68%	19.41%	21.35%	19.33%	20.19%	26.24%	24.30%	22.00%
Other Current Assets	1,605,333,333	1,735,600,000	1,303,000,000	1,771,000,000	1,486,000,000	1,559,000,000	1,582,000,000	2,280,000,000	949,000,000	659,000,000	872,000,000	633,000,000	1,239,000,000
Other Current Assets Margin	6.52%	7.66%	6.24%	6.36%	5.83%	7.37%	7.72%	11.01%	3.98%	2.88%	5.08%	4.77%	7.42%
Total Current Assets	16,034,666,667	15,924,800,000	14,405,100,000	17,211,000,000	16,301,000,000	14,592,000,000	15,065,000,000	16,455,000,000	15,222,000,000	14,971,000,000	18,424,000,000	7,401,000,000	8,409,000,000
Total Current Assets Margin	64.91%	69.54%	69.04%	61.85%	63.91%	68.97%	73.48%	79.47%	63.86%	65.44%	107.25%	55.78%	50.39%
Property, Plant & Equipment	4,852,333,333	4,958,400,000	4,909,800,000	5,127,000,000	4,892,000,000	4,538,000,000	4,877,000,000	5,358,000,000	6,240,000,000	6,228,000,000	6,959,000,000	2,325,000,000	2,554,000,000
Property, Plant & Equipment Margin	19.68%	21.74%	23.55%	18.42%	19.18%	21.45%	23.79%	25.88%	26.18%	27.22%	40.51%	17.52%	15.30%
Goodwill	6,048,333,333	6,016,200,000	10,496,200,000	6,078,000,000	6,137,000,000	5,930,000,000	5,959,000,000	5,977,000,000	20,690,000,000	20,717,000,000	19,927,000,000	6,680,000,000	6,867,000,000
Goodwill Margin	24.64%	26.37%	51.67%	21.84%	24.06%	28.03%	29.07%	28.87%	86.79%	90.56%	116.00%	50.34%	41.15%
Intangible Assets	4,074,333,333	4,150,200,000	4,333,400,000	3,951,000,000	4,093,000,000	4,179,000,000	4,131,000,000	4,397,000,000	5,381,000,000	5,719,000,000	6,358,000,000	2,449,000,000	2,676,000,000
Intangible Assets Margin	16.67%	18.28%	21.05%	14.20%	16.05%	19.75%	20.15%	21.24%	22.57%	25.00%	37.01%	18.46%	16.04%
Long-Term Investments	0	0	9,500,000	0	0	0	0	0	0	0	0	0	95,000,000
Long-Term Investments Margin	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.57%
Tax Assets	887,666,667	870,200,000	741,800,000	1,284,000,000	722,000,000	657,000,000	735,000,000	953,000,000	954,000,000	1,072,000,000	715,000,000	326,000,000	0
Tax Assets Margin	3.52%	3.75%	3.40%	4.61%	2.83%	3.11%	3.59%	4.60%	4.00%	4.69%	4.16%	2.46%	0.00%
Other Non-Current Assets	4,598,333,333	4,640,600,000	4,100,600,000	4,712,000,000	4,799,000,000	4,284,000,000	4,541,000,000	4,867,000,000	4,882,000,000	3,732,000,000	4,117,000,000	2,540,000,000	2,532,000,000
Other Non-Current Assets Margin	18.67%	20.33%	19.67%	16.93%	18.82%	20.25%	22.15%	23.51%	20.48%	16.31%	23.97%	19.14%	15.17%
Other Assets	333,333	200,000	100,000	0	1,000,000	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%
Total Non-Current Assets	20,461,000,000	20,635,600,000	24,591,300,000	21,152,000,000	20,643,000,000	19,588,000,000	20,243,000,000	21,552,000,000	38,147,000,000	37,468,000,000	38,076,000,000	14,320,000,000	14,724,000,000
Total Non-Current Assets Margin	83.18%	90.47%	119.40%	76.01%	80.93%	92.59%	98.74%	104.09%	160.03%	163.78%	221.64%	107.92%	88.23%
Total Assets	36,496,333,333	36,573,400,000	39,002,900,000	38,363,000,000	36,945,000,000	34,181,000,000	35,348,000,000	38,030,000,000	53,369,000,000	52,439,000,000	56,500,000,000	21,721,000,000	23,133,000,000
Total Assets Margin	148.09%	160.07%	188.47%	137.85%	144.85%	161.57%	172.41%	183.68%	223.88%	229.22%	328.89%	163.70%	138.62%
Accounts Payable	4,437,000,000	4,117,600,000	3,556,500,000	4,542,000,000	4,471,000,000	4,298,000,000	3,745,000,000	3,532,000,000	4,268,000,000	4,025,000,000	3,377,000,000	1,898,000,000	1,409,000,000
Accounts Payable Margin	18.06%	17.90%	16.74%	16.32%	17.53%	20.32%	18.27%	17.06%	17.90%	17.59%	19.66%	14.30%	8.44%
Short-Term Debt	293,000,000	361,600,000	584,500,000	53,000,000	148,000,000	678,000,000	40,000,000	889,000,000	321,000,000	942,000,000	2,037,000,000	239,000,000	498,000,000
Short-Term Debt Margin	1.33%	1.69%	3.06%	0.19%	0.58%	3.20%	0.20%	4.29%	1.35%	4.12%	11.86%	1.80%	2.98%
Tax Payables	0	0	7,800,000	0	0	0	0	0	0	0	0	78,000,000	0
Tax Payables Margin	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.59%	0.00%
Deferred Revenue	5,012,000,000	4,344,400,000	2,635,700,000	5,672,000,000	5,542,000,000	3,822,000,000	3,232,000,000	3,454,000,000	2,870,000,000	1,765,000,000	0	0	0
Deferred Revenue Margin	20.06%	18.52%	11.24%	20.38%	21.73%	18.07%	15.76%	16.68%	12.04%	7.72%	0.00%	0.00%	0.00%
Other Current Liabilities	2,610,666,667	2,459,000,000	2,822,400,000	2,724,000,000	2,830,000,000	2,278,000,000	2,111,000,000	2,352,000,000	2,555,000,000	2,288,000,000	3,813,000,000	2,797,000,000	4,476,000,000
Other Current Liabilities Margin	10.55%	10.66%	14.41%	9.79%	11.10%	10.77%	10.30%	11.36%	10.72%	10.00%	22.20%	21.08%	26.82%
Total Current Liabilities	12,352,666,667	11,282,600,000	9,616,500,000	12,991,000,000	12,991,000,000	11,076,000,000	9,128,000,000	10,227,000,000	10,014,000,000	9,020,000,000	9,227,000,000	4,934,000,000	6,557,000,000
Total Current Liabilities Margin	49.99%	48.78%	45.55%	46.68%	50.93%	52.35%	44.52%	49.39%	42.01%	39.43%	53.71%	37.18%	39.29%
Long-Term Debt	5,941,000,000	6,250,800,000	5,011,500,000	5,970,000,000	5,873,000,000	5,980,000,000	6,687,000,000	6,744,000,000	6,301,000,000	6,285,000,000	6,225,000,000	37,000,000	13,000,000
Long-Term Debt Margin	24.25%	27.59%	22.84%	21.45%	23.03%	28.27%	32.62%	32.57%	26.43%	27.47%	36.24%	0.28%	0.08%
Capital Lease Obligations	591,333,333	597,800,000	382,300,000	673,000,000	549,000,000	552,000,000	624,000,000	591,000,000	641,000,000	103,000,000	87,000,000	1,000,000	2,000,000
Capital Lease Obligations Margin	2.39%	2.62%	1.67%	2.42%	2.15%	2.61%	3.04%	2.85%	2.69%	0.45%	0.51%	0.01%	0.01%
Deferred Tax Liabilities	162,666,667	160,200,000	236,500,000	83,000,000	176,000,000	229,000,000	127,000,000	186,000,000	51,000,000	143,000,000	490,000,000	880,000,000	0
Deferred Tax Liabilities Margin	0.69%	0.72%	1.39%	0.30%	0.69%	1.08%	0.62%	0.90%	0.21%	0.63%	2.85%	6.63%	0.00%
Other Non-Current Liabilities	2,340,333,333	2,449,800,000	2,172,100,000	2,264,000,000	2,386,000,000	2,371,000,000	2,620,000,000	2,608,000,000	2,504,000,000	1,875,000,000	2,061,000,000	1,014,000,000	2,018,000,000
Other Non-Current Liabilities Margin	9.57%	10.81%	10.45%	8.14%	9.35%	11.21%	12.78%	12.60%	10.50%	8.20%	12.00%	7.64%	12.09%
Total Non-Current Liabilities	8,444,000,000	8,860,800,000	7,439,200,000	8,317,000,000	8,435,000,000	8,580,000,000	9,434,000,000	9,538,000,000	8,856,000,000	8,406,000,000	8,863,000,000	1,932,000,000	2,031,000,000
Total Non-Current Liabilities Margin	34.50%	39.12%	34.78%	29.89%	33.07%	40.56%	46.02%	46.07%	37.15%	36.74%	51.59%	14.56%	12.17%
Total Liabilities	20,796,666,667	20,143,400,000	17,055,700,000	21,308,000,000	21,426,000,000	19,656,000,000	18,562,000,000	19,765,000,000	18,870,000,000	17,426,000,000	18,090,000,000	6,866,000,000	8,588,000,000
Total Liabilities Margin	84.49%	87.90%	80.33%	76.57%	84.00%	92.91%	90.54%	95.46%	79.16%	76.17%	105.30%	51.74%	51.46%
Preferred Stock	0	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%
Common Stock	0	0	1,592,000,000	0	0	0	0	0	0	0	0	0	15,920,000,000
Common Stock Margin	0.00%	0.00%	9.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	95.40%
Retained Earnings	-8,473,333,333	-9,104,400,000	-4,560,000,000	-5,840,000,000	-8,819,000,000	-10,761,000,000	-10,160,000,000	-9,942,000,000	0	25,000,000	-103,000,000	0	0
Retained Earnings Margin	-35.48%	-40.80%	-20.45%	-20.99%	-34.58%	-50.87%	-49.56%	-48.02%	0.00%	0.11%	-0.60%	0.00%	0.00%
Accumulated OCI	-2,976,000,000	-2,618,200,000	-2,007,500,000	-3,161,000,000	-2,796,000,000	-2,971,000,000	-2,385,000,000	-1,778,000,000	-1,636,000,000	-1,219,000,000	-703,000,000	-1,894,000,000	-1,532,000,000
Accumulated OCI Margin	-12.12%	-11.32%	-9.63%	-11.36%	-10.96%	-14.04%	-11.63%	-8.59%	-6.86%	-5.33%	-4.09%	-14.27%	-9.18%
Minority Interest	147,333,333	1,541,400,000	6,228,200,000	160,000,000	151,000,000	131,000,000	1,916,000,000	5,349,000,000	12,570,000,000	17,548,000,000	24,133,000,000	167,000,000	157,000,000
Minority Interest Margin	0.60%	7.39%	30.91%	0.57%	0.59%	0.62%	9.35%	25.83%	52.73%	76.71%	140.48%	1.26%	0.94%
Total Shareholders’ Equity	15,552,333,333	14,876,000,000	15,712,700,000	16,895,000,000	15,368,000,000	14,394,000,000	14,830,000,000	12,893,000,000	21,929,000,000	17,465,000,000	14,277,000,000	14,688,000,000	14,388,000,000
Total Shareholders’ Equity Margin	63.00%	64.72%	77.20%	60.71%	60.25%	68.04%	72.33%	62.27%	91.99%	76.34%	83.11%	110.69%	86.22%
Total Equity	15,699,666,667	16,417,400,000	21,940,900,000	17,055,000,000	15,519,000,000	14,525,000,000	16,746,000,000	18,242,000,000	34,499,000,000	35,013,000,000	38,410,000,000	14,855,000,000	14,545,000,000
Total Equity Margin	63.60%	72.11%	108.10%	61.28%	60.84%	68.66%	81.68%	88.10%	144.72%	153.05%	223.59%	111.95%	87.16%
Total Liabilities & Equity	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%
Total Investments	0	0	9,500,000	0	0	0	0	0	0	0	0	0	95,000,000
Total Investments Margin	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.57%
Net Debt	3,401,333,333	3,315,800,000	2,325,300,000	2,659,000,000	3,375,000,000	4,170,000,000	2,874,000,000	3,501,000,000	3,373,000,000	3,607,000,000	1,319,000,000	-704,000,000	-921,000,000
Net Debt Margin	14.17%	14.68%	10.02%	9.55%	13.23%	19.71%	14.02%	16.91%	14.15%	15.77%	7.68%	-5.31%	-5.52%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y 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
Revenue	24,830,333,333	23,139,600,000	20,954,900,000	27,829,000,000	25,506,000,000	21,156,000,000	20,502,000,000	20,705,000,000	23,838,000,000	22,877,000,000	17,179,000,000	13,269,000,000	16,688,000,000
Working Capital	3,682,000,000	4,642,200,000	4,788,600,000	4,220,000,000	3,310,000,000	3,516,000,000	5,937,000,000	6,228,000,000	5,208,000,000	5,951,000,000	9,197,000,000	2,467,000,000	1,852,000,000
Working Capital Margin	14.92%	20.76%	23.49%	15.16%	12.98%	16.62%	28.96%	30.08%	21.85%	26.01%	53.54%	18.59%	11.10%
Total Capital	21,786,333,333	21,488,400,000	21,327,800,000	22,918,000,000	21,389,000,000	21,052,000,000	21,557,000,000	20,526,000,000	28,551,000,000	24,795,000,000	22,626,000,000	14,965,000,000	14,899,000,000
Total Capital Margin	88.57%	94.00%	103.19%	82.35%	83.86%	99.51%	105.15%	99.14%	119.77%	108.38%	131.71%	112.78%	89.28%
Capital Employed	24,143,666,667	25,290,800,000	29,386,400,000	25,372,000,000	23,954,000,000	23,105,000,000	26,220,000,000	27,803,000,000	43,355,000,000	43,419,000,000	47,273,000,000	16,787,000,000	16,576,000,000
Capital Employed Margin	98.10%	111.29%	142.92%	91.17%	93.92%	109.21%	127.89%	134.28%	181.87%	189.79%	275.18%	126.51%	99.33%
Invested Capital	18,953,666,667	18,191,800,000	18,038,000,000	19,554,000,000	18,743,000,000	18,564,000,000	17,704,000,000	16,394,000,000	25,302,000,000	21,072,000,000	15,596,000,000	13,984,000,000	13,467,000,000
Invested Capital Margin	77.17%	79.41%	87.22%	70.26%	73.48%	87.75%	86.35%	79.18%	106.14%	92.11%	90.79%	105.39%	80.70%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y 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
Revenue	24,830,333,333	23,139,600,000	20,954,900,000	27,829,000,000	25,506,000,000	21,156,000,000	20,502,000,000	20,705,000,000	23,838,000,000	22,877,000,000	17,179,000,000	13,269,000,000	16,688,000,000	19,191,000,000
Net Income	1,466,666,667	1,137,400,000	537,700,000	3,008,000,000	1,970,000,000	-578,000,000	336,000,000	951,000,000	94,000,000	195,000,000	-396,000,000	403,000,000	-606,000,000	1,840,000,000
Net Income Margin	5.27%	4.41%	2.04%	10.81%	7.72%	-2.73%	1.64%	4.59%	0.39%	0.85%	-2.31%	3.04%	-3.63%	9.59%
Depreciation & Amortization	1,094,666,667	1,141,200,000	1,079,300,000	1,136,000,000	1,087,000,000	1,061,000,000	1,105,000,000	1,317,000,000	1,418,000,000	1,486,000,000	1,103,000,000	550,000,000	530,000,000	586,000,000
Depreciation & Amortization Margin	4.45%	5.02%	5.13%	4.08%	4.26%	5.02%	5.39%	6.36%	5.95%	6.50%	6.42%	4.14%	3.18%	3.05%
Deferred Income Tax	-208,333,333	-66,400,000	-92,000,000	-671,000,000	-59,000,000	105,000,000	133,000,000	160,000,000	51,000,000	-249,000,000	-333,000,000	39,000,000	-96,000,000	0
Deferred Income Tax Margin	-0.72%	-0.14%	-0.38%	-2.41%	-0.23%	0.50%	0.65%	0.77%	0.21%	-1.09%	-1.94%	0.29%	-0.58%	0.00%
Stock-Based Compensation	202,000,000	204,200,000	124,500,000	202,000,000	197,000,000	207,000,000	205,000,000	210,000,000	187,000,000	0	37,000,000	0	0	27,000,000
Stock-Based Compensation Margin	0.83%	0.90%	0.55%	0.73%	0.77%	0.98%	1.00%	1.01%	0.78%	0.00%	0.22%	0.00%	0.00%	0.14%
Change in Working Capital	165,666,667	310,800,000	167,000,000	-53,000,000	428,000,000	122,000,000	614,000,000	443,000,000	437,000,000	274,000,000	-1,201,000,000	-639,000,000	1,245,000,000	-286,000,000
Change in Working Capital Margin	0.69%	1.44%	0.59%	-0.19%	1.68%	0.58%	2.99%	2.14%	1.83%	1.20%	-6.99%	-4.82%	7.46%	-1.49%
Accounts Receivable	-590,000,000	-243,200,000	-244,600,000	-159,000,000	-986,000,000	-625,000,000	-126,000,000	680,000,000	-583,000,000	-204,000,000	-1,190,000,000	278,000,000	469,000,000	-102,000,000
Accounts Receivable Margin	-2.46%	-0.94%	-1.01%	-0.57%	-3.87%	-2.95%	-0.61%	3.28%	-2.45%	-0.89%	-6.93%	2.10%	2.81%	-0.53%
Inventory	-482,666,667	-271,600,000	-69,200,000	-102,000,000	-461,000,000	-885,000,000	170,000,000	-80,000,000	-200,000,000	-339,000,000	418,000,000	345,000,000	442,000,000	-187,000,000
Inventory Margin	-2.12%	-1.18%	-0.06%	-0.37%	-1.81%	-4.18%	0.83%	-0.39%	-0.84%	-1.48%	2.43%	2.60%	2.65%	-0.97%
Accounts Payable	252,333,333	58,400,000	93,200,000	91,000,000	61,000,000	605,000,000	246,000,000	-711,000,000	249,000,000	794,000,000	303,000,000	-256,000,000	-450,000,000	291,000,000
Accounts Payable Margin	1.14%	0.24%	0.28%	0.33%	0.24%	2.86%	1.20%	-3.43%	1.04%	3.47%	1.76%	-1.93%	-2.70%	1.52%
Other Working Capital	986,000,000	767,200,000	213,800,000	117,000,000	1,814,000,000	1,027,000,000	324,000,000	554,000,000	971,000,000	23,000,000	-732,000,000	-1,006,000,000	-954,000,000	3,000,000
Other Working Capital Margin	4.13%	3.33%	0.33%	0.42%	7.11%	4.85%	1.58%	2.68%	4.07%	0.10%	-4.26%	-7.58%	-5.72%	0.02%
Other Non-Cash Items	40,000,000	-335,200,000	-157,700,000	-290,000,000	-561,000,000	971,000,000	-19,000,000	-1,777,000,000	-61,000,000	56,000,000	-9,000,000	-91,000,000	204,000,000	-280,000,000
Other Non-Cash Items Margin	0.45%	-1.47%	-0.69%	-1.04%	-2.20%	4.59%	-0.09%	-8.58%	-0.26%	0.24%	-0.05%	-0.69%	1.22%	-1.46%
Net Cash from Operating Activities	2,760,666,667	2,392,000,000	1,658,800,000	3,332,000,000	3,062,000,000	1,888,000,000	2,374,000,000	1,304,000,000	2,126,000,000	1,762,000,000	-799,000,000	262,000,000	1,277,000,000	1,887,000,000
Net Cash from Operating Activities Margin	10.97%	10.16%	7.24%	11.97%	12.01%	8.92%	11.58%	6.30%	8.92%	7.70%	-4.65%	1.97%	7.65%	9.83%
Capital Expenditures (PPE)	-665,333,333	-664,800,000	-699,100,000	0	-1,224,000,000	-772,000,000	-541,000,000	-787,000,000	-976,000,000	-995,000,000	-665,000,000	-424,000,000	-607,000,000	-583,000,000
Capital Expenditures (PPE) Margin	-2.82%	-2.98%	-3.40%	0.00%	-4.80%	-3.65%	-2.64%	-3.80%	-4.09%	-4.35%	-3.87%	-3.20%	-3.64%	-3.04%
Acquisitions (Net)	-284,333,333	-160,200,000	-424,000,000	0	-8,000,000	-845,000,000	-109,000,000	161,000,000	-99,000,000	-89,000,000	-3,345,000,000	-1,000,000	95,000,000	-592,000,000
Acquisitions (Net) Margin	-1.34%	-0.76%	-2.35%	0.00%	-0.03%	-3.99%	-0.53%	0.78%	-0.42%	-0.39%	-19.47%	-0.01%	0.57%	-3.08%
Purchases of Investments	-8,666,667	-34,600,000	-17,300,000	0	0	-26,000,000	-147,000,000	0	0	0	0	0	0	0
Purchases of Investments Margin	-0.04%	-0.17%	-0.08%	0.00%	0.00%	-0.12%	-0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	163,333,333	127,400,000	63,700,000	92,000,000	372,000,000	26,000,000	147,000,000	0	0	0	0	0	0	0
Sales / Maturities of Investments Margin	0.64%	0.53%	0.26%	0.33%	1.46%	0.12%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	-337,333,333	-163,400,000	-39,500,000	-1,108,000,000	43,000,000	53,000,000	187,000,000	8,000,000	30,000,000	506,000,000	-113,000,000	-47,000,000	46,000,000	339,000,000
Other Investing Activities Margin	-1.19%	-0.52%	-0.10%	-3.98%	0.17%	0.25%	0.91%	0.04%	0.13%	2.21%	-0.66%	-0.35%	0.28%	1.77%
Net Cash from Investing Activities	-1,132,333,333	-895,600,000	-1,116,200,000	-1,016,000,000	-817,000,000	-1,564,000,000	-463,000,000	-618,000,000	-1,045,000,000	-578,000,000	-4,123,000,000	-472,000,000	-466,000,000	-836,000,000
Net Cash from Investing Activities Margin	-4.75%	-3.90%	-5.67%	-3.65%	-3.20%	-7.39%	-2.26%	-2.98%	-4.38%	-2.53%	-24.00%	-3.56%	-2.79%	-4.36%
Net Debt Issuance	-274,000,000	-153,400,000	47,300,000	-143,000,000	-651,000,000	-28,000,000	-936,000,000	991,000,000	-587,000,000	-1,060,000,000	3,088,000,000	-156,000,000	-45,000,000	-248,000,000
Net Debt Issuance Margin	-1.07%	-0.60%	0.65%	-0.51%	-2.55%	-0.13%	-4.57%	4.79%	-2.46%	-4.63%	17.98%	-1.18%	-0.27%	-1.29%
Long-Term Debt Issuance	-274,000,000	-85,400,000	237,300,000	-143,000,000	-651,000,000	-28,000,000	-63,000,000	458,000,000	-45,000,000	-684,000,000	3,751,000,000	0	-222,000,000	-248,000,000
Long-Term Debt Issuance Margin	-1.07%	-0.26%	1.60%	-0.51%	-2.55%	-0.13%	-0.31%	2.21%	-0.19%	-2.99%	21.83%	0.00%	-1.33%	-1.29%
Short-Term Debt Issuance	0	-68,000,000	-190,000,000	0	0	0	-873,000,000	533,000,000	-542,000,000	-376,000,000	-663,000,000	-156,000,000	177,000,000	0
Short-Term Debt Issuance Margin	0.00%	-0.34%	-0.96%	0.00%	0.00%	0.00%	-4.26%	2.57%	-2.27%	-1.64%	-3.86%	-1.18%	1.06%	0.00%
Net Stock Issuance	-616,666,667	-456,800,000	-549,700,000	-484,000,000	-538,000,000	-828,000,000	-434,000,000	0	-250,000,000	-2,486,000,000	-477,000,000	0	0	-384,000,000
Net Stock Issuance Margin	-2.59%	-1.98%	-2.46%	-1.74%	-2.11%	-3.91%	-2.12%	0.00%	-1.05%	-10.87%	-2.78%	0.00%	0.00%	-2.00%
Common Stock Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Issuance 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%
Common Stock Repurchased	-616,666,667	-456,800,000	-549,700,000	-484,000,000	-538,000,000	-828,000,000	-434,000,000	0	-250,000,000	-2,486,000,000	-477,000,000	0	0	0
Common Stock Repurchased Margin	-2.59%	-1.98%	-2.46%	-1.74%	-2.11%	-3.91%	-2.12%	0.00%	-1.05%	-10.87%	-2.78%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Issuance 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%
Net Dividends Paid	-782,666,667	-685,600,000	-459,000,000	-836,000,000	-786,000,000	-726,000,000	-592,000,000	-488,000,000	-395,000,000	-315,000,000	-155,000,000	0	-297,000,000	-279,000,000
Net Dividends Paid Margin	-3.17%	-2.95%	-2.05%	-3.00%	-3.08%	-3.43%	-2.89%	-2.36%	-1.66%	-1.38%	-0.90%	0.00%	-1.78%	-1.45%
Common Dividends Paid	-782,666,667	-685,600,000	-459,000,000	-836,000,000	-786,000,000	-726,000,000	-592,000,000	-488,000,000	-395,000,000	-315,000,000	-155,000,000	0	-297,000,000	-279,000,000
Common Dividends Paid Margin	-3.17%	-2.95%	-2.05%	-3.00%	-3.08%	-3.43%	-2.89%	-2.36%	-1.66%	-1.38%	-0.90%	0.00%	-1.78%	-1.45%
Preferred Dividends Paid	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	-42,333,333	-117,200,000	683,800,000	-64,000,000	-53,000,000	-10,000,000	-181,000,000	-278,000,000	-302,000,000	-502,000,000	8,463,000,000	54,000,000	-289,000,000	523,000,000
Other Financing Activities Margin	-0.16%	-0.54%	4.18%	-0.23%	-0.21%	-0.05%	-0.88%	-1.34%	-1.27%	-2.19%	49.26%	0.41%	-1.73%	2.73%
Net Cash from Financing Activities	-1,715,666,667	-1,413,000,000	-266,000,000	-1,527,000,000	-2,028,000,000	-1,592,000,000	-2,143,000,000	225,000,000	-1,534,000,000	-4,363,000,000	10,919,000,000	-102,000,000	-515,000,000	-388,000,000
Net Cash from Financing Activities Margin	-6.99%	-6.07%	0.39%	-5.49%	-7.95%	-7.53%	-10.45%	1.09%	-6.44%	-19.07%	63.56%	-0.77%	-3.09%	-2.02%
Effect of FX on Cash	-75,666,667	-60,400,000	-79,200,000	-71,000,000	-59,000,000	-97,000,000	-47,000,000	-28,000,000	-21,000,000	-128,000,000	52,000,000	-139,000,000	-254,000,000	-53,000,000
Effect of FX on Cash Margin	-0.31%	-0.26%	-0.42%	-0.26%	-0.23%	-0.46%	-0.23%	-0.14%	-0.09%	-0.56%	0.30%	-1.05%	-1.52%	-0.28%
Net Change in Cash	-163,000,000	23,000,000	197,400,000	718,000,000	158,000,000	-1,365,000,000	-279,000,000	883,000,000	-474,000,000	-3,307,000,000	6,049,000,000	-451,000,000	42,000,000	610,000,000
Net Change in Cash Margin	-1.08%	-0.07%	1.53%	2.58%	0.62%	-6.45%	-1.36%	4.26%	-1.99%	-14.46%	35.21%	-3.40%	0.25%	3.18%
Cash at Beginning of Period	2,995,666,667	3,273,600,000	3,092,400,000	2,646,000,000	2,488,000,000	3,853,000,000	4,132,000,000	3,249,000,000	3,723,000,000	7,030,000,000	981,000,000	1,432,000,000	1,390,000,000	780,000,000
Cash at Beginning of Period Margin	12.49%	14.66%	14.45%	9.51%	9.75%	18.21%	20.15%	15.69%	15.62%	30.73%	5.71%	10.79%	8.33%	4.06%
Cash at End of Period	2,832,666,667	3,296,600,000	3,289,800,000	3,364,000,000	2,646,000,000	2,488,000,000	3,853,000,000	4,132,000,000	3,249,000,000	3,723,000,000	7,030,000,000	981,000,000	1,432,000,000	1,390,000,000
Cash at End of Period Margin	11.41%	14.59%	15.98%	12.09%	10.37%	11.76%	18.79%	19.96%	13.63%	16.27%	40.92%	7.39%	8.58%	7.24%
Operating Cash Flow	2,760,666,667	2,392,000,000	1,658,800,000	3,332,000,000	3,062,000,000	1,888,000,000	2,374,000,000	1,304,000,000	2,126,000,000	1,762,000,000	-799,000,000	262,000,000	1,277,000,000	1,887,000,000
Operating Cash Flow Margin	10.97%	10.16%	7.24%	11.97%	12.01%	8.92%	11.58%	6.30%	8.92%	7.70%	-4.65%	1.97%	7.65%	9.83%
Capital Expenditure	-1,091,333,333	-920,400,000	-826,900,000	-1,278,000,000	-1,224,000,000	-772,000,000	-541,000,000	-787,000,000	-976,000,000	-995,000,000	-665,000,000	-424,000,000	-607,000,000	-583,000,000
Capital Expenditure Margin	-4.35%	-3.90%	-3.86%	-4.59%	-4.80%	-3.65%	-2.64%	-3.80%	-4.09%	-4.35%	-3.87%	-3.20%	-3.64%	-3.04%
Free Cash Flow	1,669,333,333	1,471,600,000	831,900,000	2,054,000,000	1,838,000,000	1,116,000,000	1,833,000,000	517,000,000	1,150,000,000	767,000,000	-1,464,000,000	-162,000,000	670,000,000	1,304,000,000
Free Cash Flow Margin	6.62%	6.26%	3.37%	7.38%	7.21%	5.28%	8.94%	2.50%	4.82%	3.35%	-8.52%	-1.22%	4.01%	6.79%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y 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
Revenue	24,830,333,333	23,139,600,000	20,954,900,000	27,829,000,000	25,506,000,000	21,156,000,000	20,502,000,000	20,705,000,000	23,838,000,000	22,877,000,000	17,179,000,000	13,269,000,000	16,688,000,000	19,191,000,000
EBITDA	3,297,333,333	-379,400,000	537,700,000	4,599,000,000	3,958,000,000	1,335,000,000	1,832,000,000	-13,621,000,000	2,408,000,000	2,250,000,000	888,000,000	1,236,000,000	492,000,000	3,095,000,000
EBITDA Margin	12.78%	-3.70%	1.89%	16.53%	15.52%	6.31%	8.94%	-65.79%	10.10%	9.84%	5.17%	9.31%	2.95%	16.13%
(-) Tax Adjustment	1,351,060,963	1,359,368,392	1,110,800,697	362,003,982	1,021,178,908	2,670,000,000	3,244,523,364	-500,864,294	1,541,375,830	1,073,012,939	115,491,329	597,284,916	984,000,000	641,258,562
(-) Tax Adjustment Margin	5.98%	6.27%	5.36%	1.30%	4.00%	12.62%	15.83%	-2.42%	6.47%	4.69%	0.67%	4.50%	5.90%	3.34%
(-) Change In Working Capital	165,666,667	310,800,000	167,000,000	-53,000,000	428,000,000	122,000,000	614,000,000	443,000,000	437,000,000	274,000,000	-1,201,000,000	-639,000,000	1,245,000,000	-286,000,000
(-) Change In Working Capital Margin	0.69%	1.44%	0.59%	-0.19%	1.68%	0.58%	2.99%	2.14%	1.83%	1.20%	-6.99%	-4.82%	7.46%	-1.49%
(-) Capital Expenditure	-1,091,333,333	-920,400,000	-826,900,000	-1,278,000,000	-1,224,000,000	-772,000,000	-541,000,000	-787,000,000	-976,000,000	-995,000,000	-665,000,000	-424,000,000	-607,000,000	-583,000,000
(-) Capital Expenditure Margin	-4.35%	-3.90%	-3.86%	-4.59%	-4.80%	-3.65%	-2.64%	-3.80%	-4.09%	-4.35%	-3.87%	-3.20%	-3.64%	-3.04%
Unlevered Free Cash Flow	689,272,370	-2,969,968,392	-1,567,000,697	3,011,996,018	1,284,821,092	-2,229,000,000	-2,567,523,364	-14,350,135,706	-546,375,830	-92,012,939	1,308,508,671	853,715,084	-2,344,000,000	2,156,741,438
Unlevered Free Cash Flow Margin	1.77%	-15.30%	-7.92%	10.82%	5.04%	-10.54%	-12.52%	-69.31%	-2.29%	-0.40%	7.62%	6.43%	-14.05%	11.24%
(-) Net Interest Income After Taxes	-30,228,629	-22,888,167	-36,306,008	-182,414,701	-160,271,186	252,000,000	230,537,383	-254,292,330	-85,294,821	-116,652,495	-113,962,428	-52,709,497	120,000,000	-183,931,507
(-) Net Interest Income After Taxes Margin	-0.03%	-0.04%	-0.14%	-0.66%	-0.63%	1.19%	1.12%	-1.23%	-0.36%	-0.51%	-0.66%	-0.40%	0.72%	-0.96%
Net Debt Issuance	-274,000,000	-153,400,000	47,300,000	-143,000,000	-651,000,000	-28,000,000	-936,000,000	991,000,000	-587,000,000	-1,060,000,000	3,088,000,000	-156,000,000	-45,000,000	-248,000,000
Net Debt Issuance Margin	-1.07%	-0.60%	0.65%	-0.51%	-2.55%	-0.13%	-4.57%	4.79%	-2.46%	-4.63%	17.98%	-1.18%	-0.27%	-1.29%
Levered Free Cash Flow	445,500,999	-3,100,480,225	-1,483,394,690	3,051,410,720	794,092,279	-2,509,000,000	-3,734,060,748	-13,104,843,376	-1,048,081,009	-1,035,360,444	4,510,471,098	750,424,581	-2,509,000,000	2,092,672,945
Levered Free Cash Flow Margin	0.74%	-15.86%	-7.13%	10.96%	3.11%	-11.86%	-18.21%	-63.29%	-4.40%	-4.53%	26.26%	5.66%	-15.03%	10.90%