The Home Depot, Inc. (HD)

Analysis: Margins & Ratios Industry: Home Improvement Sector: Consumer Cyclical Live Price: $380.17

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Revenue	156,528,666,667	150,570,600,000	125,529,900,000	108,695,533,333	100,288,950,000	92,049,080,000	80,968,063,333	166,189,000,000	154,596,000,000	159,514,000,000	152,669,000,000	157,403,000,000	151,157,000,000	132,110,000,000	110,225,000,000	108,203,000,000	100,904,000,000	94,595,000,000	88,519,000,000	83,176,000,000	78,812,000,000	74,754,000,000	70,395,000,000	67,997,000,000	66,176,000,000	71,288,000,000	77,349,000,000	79,022,000,000	81,511,000,000	73,094,000,000	64,816,000,000	58,247,000,000	53,553,000,000	45,738,000,000	38,434,000,000	30,219,000,000	24,156,000,000	19,535,500,000	15,470,400,000
Cost of Revenue	104,180,000,000	100,024,400,000	83,090,200,000	71,821,600,000	66,243,450,000	61,094,840,000	53,904,556,667	110,756,000,000	102,814,000,000	106,206,000,000	101,709,000,000	104,625,000,000	100,325,000,000	87,257,000,000	72,653,000,000	71,043,000,000	66,548,000,000	62,282,000,000	58,254,000,000	54,787,000,000	51,897,000,000	48,912,000,000	46,133,000,000	44,693,000,000	43,764,000,000	47,298,000,000	51,352,000,000	54,050,000,000	51,081,000,000	48,664,000,000	44,236,000,000	40,139,000,000	37,406,000,000	32,057,000,000	26,560,000,000	21,241,000,000	17,092,000,000	13,869,100,000	11,003,600,000
Cost of Revenue Margin	66.56%	66.42%	66.13%	65.98%	65.98%	66.53%	67.19%	66.64%	66.50%	66.58%	66.62%	66.47%	66.37%	66.05%	65.91%	65.66%	65.95%	65.84%	65.81%	65.87%	65.85%	65.43%	65.53%	65.73%	66.13%	66.35%	66.39%	68.40%	62.67%	66.58%	68.25%	68.91%	69.85%	70.09%	69.11%	70.29%	70.76%	70.99%	71.13%
Gross Profit	52,348,666,667	50,546,200,000	42,439,700,000	36,873,933,333	33,820,900,000	30,774,560,000	26,913,773,333	55,433,000,000	51,782,000,000	53,308,000,000	50,960,000,000	52,778,000,000	50,832,000,000	44,853,000,000	37,572,000,000	37,160,000,000	34,356,000,000	32,313,000,000	30,265,000,000	28,389,000,000	26,915,000,000	25,842,000,000	24,262,000,000	23,304,000,000	22,412,000,000	23,990,000,000	25,997,000,000	24,972,000,000	25,938,000,000	24,430,000,000	20,580,000,000	18,108,000,000	16,147,000,000	13,681,000,000	11,874,000,000	8,978,000,000	7,064,000,000	5,666,400,000	4,466,800,000
Gross Profit Margin	33.44%	33.58%	33.87%	34.02%	33.74%	33.25%	32.63%	33.36%	33.50%	33.42%	33.38%	33.53%	33.63%	33.95%	34.09%	34.34%	34.05%	34.16%	34.19%	34.13%	34.15%	34.57%	34.47%	34.27%	33.87%	33.65%	33.61%	31.60%	31.82%	33.42%	31.75%	31.09%	30.15%	29.91%	30.89%	29.71%	29.24%	29.01%	28.87%
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
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%
SG&A Expenses	27,210,000,000	26,296,600,000	22,253,300,000	20,258,266,667	19,475,400,000	18,109,160,000	15,935,336,667	30,655,000,000	27,702,000,000	28,748,000,000	26,598,000,000	26,284,000,000	25,406,000,000	24,447,000,000	19,740,000,000	19,513,000,000	17,864,000,000	17,132,000,000	16,801,000,000	16,834,000,000	16,122,000,000	16,508,000,000	16,028,000,000	15,849,000,000	15,902,000,000	17,846,000,000	17,053,000,000	18,348,000,000	16,485,000,000	16,504,000,000	13,734,000,000	12,278,000,000	11,215,000,000	9,490,000,000	7,616,000,000	5,944,000,000	4,765,000,000	3,900,400,000	3,105,700,000
SG&A Expenses Margin	17.38%	17.49%	17.82%	19.14%	20.08%	20.33%	20.25%	18.45%	17.92%	18.02%	17.42%	16.70%	16.81%	18.51%	17.91%	18.03%	17.70%	18.11%	18.98%	20.24%	20.46%	22.08%	22.77%	23.31%	24.03%	25.03%	22.05%	23.22%	20.22%	22.58%	21.19%	21.08%	20.94%	20.75%	19.82%	19.67%	19.73%	19.97%	20.08%
Operating Expenses	29,930,666,667	28,831,800,000	24,457,000,000	22,225,400,000	21,171,950,000	19,466,400,000	17,117,453,333	33,897,000,000	30,608,000,000	31,782,000,000	29,271,000,000	28,739,000,000	27,792,000,000	26,575,000,000	21,729,000,000	21,630,000,000	19,675,000,000	18,886,000,000	18,491,000,000	17,920,000,000	17,749,000,000	18,076,000,000	17,601,000,000	17,465,000,000	17,609,000,000	19,631,000,000	18,755,000,000	16,106,000,000	17,957,000,000	16,504,000,000	13,734,000,000	12,278,000,000	11,215,000,000	9,490,000,000	8,079,000,000	6,317,000,000	5,048,000,000	4,132,700,000	3,286,900,000
Operating Expenses Margin	19.12%	19.17%	19.59%	20.99%	21.78%	21.69%	21.58%	20.40%	19.80%	19.92%	19.17%	18.26%	18.39%	20.12%	19.71%	19.99%	19.50%	19.97%	20.89%	21.54%	22.52%	24.18%	25.00%	25.68%	26.61%	27.54%	24.25%	20.38%	22.03%	22.58%	21.19%	21.08%	20.94%	20.75%	21.02%	20.90%	20.90%	21.15%	21.25%
Operating Income (EBIT)	22,418,000,000	21,714,400,000	17,982,700,000	14,648,533,333	12,718,050,000	11,363,440,000	9,841,596,667	21,536,000,000	21,174,000,000	21,526,000,000	21,689,000,000	24,039,000,000	23,040,000,000	18,278,000,000	15,843,000,000	15,530,000,000	14,681,000,000	13,427,000,000	11,774,000,000	10,469,000,000	9,166,000,000	7,766,000,000	6,661,000,000	5,839,000,000	4,803,000,000	4,359,000,000	7,242,000,000	8,866,000,000	9,363,000,000	7,926,000,000	6,846,000,000	5,830,000,000	4,932,000,000	4,191,000,000	3,795,000,000	2,661,000,000	2,000,000,000	1,526,000,000	1,179,900,000
Operating Income (EBIT) Margin	14.32%	14.41%	14.28%	13.03%	12.05%	11.63%	11.10%	12.96%	13.70%	13.49%	14.21%	15.27%	15.24%	13.84%	14.37%	14.35%	14.55%	14.19%	13.30%	12.59%	11.63%	10.39%	9.46%	8.59%	7.26%	6.11%	9.36%	11.22%	11.49%	10.84%	10.56%	10.01%	9.21%	9.16%	9.87%	8.81%	8.28%	7.81%	7.63%
Interest Income	144,666,667	105,000,000	96,700,000	90,933,333	78,150,000	64,760,000	53,966,667	128,000,000	226,000,000	201,000,000	178,000,000	55,000,000	44,000,000	47,000,000	73,000,000	93,000,000	74,000,000	36,000,000	166,000,000	337,000,000	12,000,000	20,000,000	13,000,000	15,000,000	18,000,000	18,000,000	74,000,000	27,000,000	62,000,000	56,000,000	0	0	0	0	0	0	0	0	0
Interest Income Margin	0.09%	0.07%	0.08%	0.09%	0.08%	0.06%	0.05%	0.08%	0.15%	0.13%	0.12%	0.03%	0.03%	0.04%	0.07%	0.09%	0.07%	0.04%	0.19%	0.41%	0.02%	0.03%	0.02%	0.02%	0.03%	0.03%	0.10%	0.03%	0.08%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	1,960,333,333	1,715,000,000	1,377,500,000	1,138,933,333	976,300,000	783,960,000	657,466,667	2,456,000,000	2,196,000,000	2,321,000,000	1,943,000,000	1,617,000,000	1,347,000,000	1,347,000,000	1,201,000,000	1,051,000,000	1,057,000,000	972,000,000	919,000,000	830,000,000	711,000,000	632,000,000	606,000,000	530,000,000	676,000,000	624,000,000	696,000,000	365,000,000	81,000,000	70,000,000	3,000,000	0	0	0	0	7,000,000	118,000,000	0	0
Interest Expense Margin	1.25%	1.13%	1.08%	1.02%	0.93%	0.75%	0.64%	1.48%	1.42%	1.46%	1.27%	1.03%	0.89%	1.02%	1.09%	0.97%	1.05%	1.03%	1.04%	1.00%	0.90%	0.85%	0.86%	0.78%	1.02%	0.88%	0.90%	0.46%	0.10%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.49%	0.00%	0.00%
Net Interest Income	-1,815,666,667	-1,610,000,000	-1,280,800,000	-1,048,000,000	-898,150,000	-719,200,000	-603,500,000	-2,328,000,000	-1,970,000,000	-2,120,000,000	-1,765,000,000	-1,562,000,000	-1,303,000,000	-1,300,000,000	-1,128,000,000	-958,000,000	-983,000,000	-936,000,000	-753,000,000	-493,000,000	-699,000,000	-612,000,000	-593,000,000	-515,000,000	-658,000,000	-606,000,000	-622,000,000	-338,000,000	-19,000,000	-14,000,000	-3,000,000	0	0	0	0	-7,000,000	-118,000,000	0	0
Net Interest Income Margin	-1.16%	-1.06%	-1.00%	-0.93%	-0.85%	-0.68%	-0.59%	-1.40%	-1.27%	-1.33%	-1.16%	-0.99%	-0.86%	-0.98%	-1.02%	-0.89%	-0.97%	-0.99%	-0.85%	-0.59%	-0.89%	-0.82%	-0.84%	-0.76%	-0.99%	-0.85%	-0.80%	-0.43%	-0.02%	-0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.02%	-0.49%	0.00%	0.00%
Unusual Items	3,631,333,333	3,220,000,000	2,563,200,000	2,096,000,000	1,817,000,000	1,451,240,000	1,216,063,333	4,673,000,000	3,940,000,000	4,240,000,000	3,530,000,000	3,124,000,000	2,606,000,000	2,600,000,000	2,256,000,000	1,932,000,000	1,966,000,000	1,872,000,000	1,506,000,000	986,000,000	1,398,000,000	1,157,000,000	1,186,000,000	1,081,000,000	1,479,000,000	1,375,000,000	1,244,000,000	702,000,000	100,000,000	28,000,000	6,000,000	-42,000,000	-25,000,000	-26,000,000	-9,000,000	14,000,000	220,000,000	-8,700,000	-15,400,000
Unusual Items Margin	2.32%	2.13%	2.01%	1.86%	1.73%	1.38%	1.18%	2.81%	2.55%	2.66%	2.31%	1.98%	1.72%	1.97%	2.05%	1.79%	1.95%	1.98%	1.70%	1.19%	1.77%	1.55%	1.68%	1.59%	2.23%	1.93%	1.61%	0.89%	0.12%	0.04%	0.01%	-0.07%	-0.05%	-0.06%	-0.02%	0.05%	0.91%	-0.04%	-0.10%
EBT Excluding Unusual Items	16,971,000,000	16,884,400,000	14,137,100,000	11,504,533,333	9,982,200,000	9,180,160,000	8,012,970,000	14,518,000,000	15,264,000,000	15,166,000,000	16,394,000,000	19,353,000,000	19,131,000,000	14,378,000,000	12,459,000,000	12,624,000,000	11,732,000,000	10,619,000,000	9,515,000,000	8,990,000,000	7,069,000,000	6,064,000,000	4,882,000,000	4,192,000,000	2,503,000,000	2,215,000,000	5,376,000,000	7,800,000,000	9,182,000,000	7,884,000,000	6,837,000,000	5,914,000,000	4,982,000,000	4,243,000,000	3,813,000,000	2,640,000,000	1,678,000,000	1,543,400,000	1,210,700,000
EBT Excluding Unusual Items Margin	10.85%	11.22%	11.27%	10.24%	9.43%	9.55%	9.33%	8.74%	9.87%	9.51%	10.74%	12.30%	12.66%	10.88%	11.30%	11.67%	11.63%	11.23%	10.75%	10.81%	8.97%	8.11%	6.94%	6.16%	3.78%	3.11%	6.95%	9.87%	11.26%	10.79%	10.55%	10.15%	9.30%	9.28%	9.92%	8.74%	6.95%	7.90%	7.83%
Pre-Tax Income	20,602,333,333	20,104,400,000	16,700,300,000	13,600,533,333	11,799,200,000	10,631,400,000	9,229,033,333	19,191,000,000	19,204,000,000	19,406,000,000	19,924,000,000	22,477,000,000	21,737,000,000	16,978,000,000	14,715,000,000	14,556,000,000	13,698,000,000	12,491,000,000	11,021,000,000	9,976,000,000	8,467,000,000	7,221,000,000	6,068,000,000	5,273,000,000	3,982,000,000	3,590,000,000	6,620,000,000	8,502,000,000	9,282,000,000	7,912,000,000	6,843,000,000	5,872,000,000	4,957,000,000	4,217,000,000	3,804,000,000	2,654,000,000	1,898,000,000	1,534,700,000	1,195,300,000
Pre-Tax Income Margin	13.17%	13.35%	13.28%	12.10%	11.16%	10.93%	10.51%	11.55%	12.42%	12.17%	13.05%	14.28%	14.38%	12.85%	13.35%	13.45%	13.58%	13.20%	12.45%	11.99%	10.74%	9.66%	8.62%	7.75%	6.02%	5.04%	8.56%	10.76%	11.39%	10.82%	10.56%	10.08%	9.26%	9.22%	9.90%	8.78%	7.86%	7.86%	7.73%
Income Tax Expense	4,917,666,667	4,833,800,000	4,469,100,000	3,880,666,667	3,497,000,000	3,245,880,000	2,848,993,333	4,609,000,000	4,594,000,000	4,600,000,000	4,781,000,000	5,372,000,000	5,304,000,000	4,112,000,000	3,473,000,000	3,435,000,000	5,068,000,000	4,534,000,000	4,012,000,000	3,631,000,000	3,082,000,000	2,686,000,000	2,185,000,000	1,935,000,000	1,362,000,000	1,278,000,000	2,410,000,000	3,236,000,000	3,444,000,000	2,911,000,000	2,539,000,000	2,208,000,000	1,913,000,000	1,636,000,000	1,484,000,000	1,040,000,000	738,000,000	597,000,000	463,800,000
Income Tax Expense Margin	3.14%	3.21%	3.67%	3.64%	3.49%	3.55%	3.50%	2.77%	2.97%	2.88%	3.13%	3.41%	3.51%	3.11%	3.15%	3.17%	5.02%	4.79%	4.53%	4.37%	3.91%	3.59%	3.10%	2.85%	2.06%	1.79%	3.12%	4.10%	4.23%	3.98%	3.92%	3.79%	3.57%	3.58%	3.86%	3.44%	3.06%	3.06%	3.00%
Net Income	15,684,666,667	15,270,600,000	12,231,200,000	9,719,866,667	8,335,650,000	7,412,280,000	6,402,340,000	14,582,000,000	14,610,000,000	14,806,000,000	15,143,000,000	17,105,000,000	16,433,000,000	12,866,000,000	11,242,000,000	11,121,000,000	8,630,000,000	7,957,000,000	7,009,000,000	6,345,000,000	5,385,000,000	4,535,000,000	3,883,000,000	3,338,000,000	2,661,000,000	2,260,000,000	4,395,000,000	5,761,000,000	5,838,000,000	5,001,000,000	4,304,000,000	3,664,000,000	3,044,000,000	2,581,000,000	2,320,000,000	1,614,000,000	1,160,000,000	937,700,000	731,500,000
Net Income Margin	10.02%	10.14%	9.60%	8.47%	7.72%	7.42%	7.04%	8.77%	9.45%	9.28%	9.92%	10.87%	10.87%	9.74%	10.20%	10.28%	8.55%	8.41%	7.92%	7.63%	6.83%	6.07%	5.52%	4.91%	4.02%	3.17%	5.68%	7.29%	7.16%	6.84%	6.64%	6.29%	5.68%	5.64%	6.04%	5.34%	4.80%	4.80%	4.73%
Depreciation and Amortization	3,327,666,667	3,072,800,000	2,571,000,000	2,289,133,333	2,170,800,000	1,923,160,000	1,653,716,667	3,437,000,000	3,584,000,000	3,761,000,000	3,247,000,000	2,975,000,000	2,862,000,000	2,519,000,000	2,296,000,000	2,152,000,000	2,062,000,000	1,973,000,000	1,863,000,000	1,786,000,000	1,757,000,000	1,684,000,000	1,682,000,000	1,718,000,000	1,806,000,000	1,902,000,000	1,906,000,000	1,886,000,000	1,579,000,000	1,319,000,000	1,076,000,000	903,000,000	764,000,000	601,000,000	463,000,000	373,000,000	283,000,000	232,300,000	181,200,000
Depreciation and Amortization Margin	2.12%	2.03%	2.05%	2.14%	2.21%	2.08%	1.93%	2.07%	2.32%	2.36%	2.13%	1.89%	1.89%	1.91%	2.08%	1.99%	2.04%	2.09%	2.10%	2.15%	2.23%	2.25%	2.39%	2.53%	2.73%	2.67%	2.46%	2.39%	1.94%	1.80%	1.66%	1.55%	1.43%	1.31%	1.20%	1.23%	1.17%	1.19%	1.17%
EBITDA	25,872,666,667	24,881,600,000	20,660,500,000	17,036,400,000	14,956,550,000	13,340,760,000	11,540,436,667	25,084,000,000	24,954,000,000	25,435,000,000	25,114,000,000	27,069,000,000	25,946,000,000	20,844,000,000	18,212,000,000	17,929,000,000	16,817,000,000	15,436,000,000	13,803,000,000	12,592,000,000	10,935,000,000	9,537,000,000	8,356,000,000	7,521,000,000	6,464,000,000	6,116,000,000	9,222,000,000	10,779,000,000	11,004,000,000	9,245,000,000	7,922,000,000	6,733,000,000	5,696,000,000	4,792,000,000	4,258,000,000	3,034,000,000	2,283,000,000	1,758,000,000	1,361,100,000
EBITDA Margin	16.53%	16.51%	16.42%	15.26%	14.32%	13.75%	13.07%	15.09%	16.14%	15.95%	16.45%	17.20%	17.16%	15.78%	16.52%	16.57%	16.67%	16.32%	15.59%	15.14%	13.87%	12.76%	11.87%	11.06%	9.77%	8.58%	11.92%	13.64%	13.50%	12.65%	12.22%	11.56%	10.64%	10.48%	11.08%	10.04%	9.45%	9.00%	8.80%
NOPAT	17,067,208,181	16,494,165,543	13,173,019,203	10,470,290,651	8,950,387,673	7,902,200,685	6,812,152,809	16,363,813,871	16,108,734,639	16,423,475,008	16,484,467,326	18,293,682,208	17,418,057,690	13,851,145,482	12,103,772,069	11,865,150,453	9,249,308,658	8,553,249,460	7,487,883,677	6,658,561,047	5,829,563,009	4,877,276,001	4,262,469,183	3,696,298,502	3,160,185,836	2,807,244,568	4,605,561,934	5,491,455,657	5,888,945,701	5,009,849,090	4,305,886,892	3,637,792,916	3,028,647,973	2,565,086,792	2,314,511,041	1,618,256,971	1,222,339,305	932,384,310	722,075,504
NOPAT Margin	10.91%	10.94%	10.33%	9.12%	8.28%	7.86%	7.42%	9.85%	10.42%	10.30%	10.80%	11.62%	11.52%	10.48%	10.98%	10.97%	9.17%	9.04%	8.46%	8.01%	7.40%	6.52%	6.06%	5.44%	4.78%	3.94%	5.95%	6.95%	7.22%	6.85%	6.64%	6.25%	5.66%	5.61%	6.02%	5.36%	5.06%	4.77%	4.67%
Owner's Earnings	15,735,666,667	15,371,600,000	12,302,200,000	9,911,666,667	8,243,750,000	6,815,120,000	5,660,640,000	14,911,000,000	14,952,000,000	15,082,000,000	15,164,000,000	16,961,000,000	16,729,000,000	12,922,000,000	10,860,000,000	10,831,000,000	8,795,000,000	8,309,000,000	7,369,000,000	6,689,000,000	5,753,000,000	4,907,000,000	4,344,000,000	3,960,000,000	3,501,000,000	2,315,000,000	2,743,000,000	4,105,000,000	3,536,000,000	2,372,000,000	1,274,000,000	1,818,000,000	415,000,000	-376,000,000	202,000,000	-333,000,000	-38,000,000	-24,400,000	-365,400,000
Owner's Earnings Margin	10.05%	10.20%	9.67%	8.71%	7.61%	6.42%	5.24%	8.97%	9.67%	9.45%	9.93%	10.78%	11.07%	9.78%	9.85%	10.01%	8.72%	8.78%	8.32%	8.04%	7.30%	6.56%	6.17%	5.82%	5.29%	3.25%	3.55%	5.19%	4.34%	3.25%	1.97%	3.12%	0.77%	-0.82%	0.53%	-1.10%	-0.16%	-0.12%	-2.36%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Revenue	156,528,666,667	150,570,600,000	125,529,900,000	108,695,533,333	100,288,950,000	92,049,080,000	80,968,063,333	159,514,000,000	152,669,000,000	157,403,000,000	151,157,000,000	132,110,000,000	110,225,000,000	108,203,000,000	100,904,000,000	94,595,000,000	88,519,000,000	83,176,000,000	78,812,000,000	74,754,000,000	70,395,000,000	67,997,000,000	66,176,000,000	71,288,000,000	77,349,000,000	79,022,000,000	81,511,000,000	73,094,000,000	64,816,000,000	58,247,000,000	53,553,000,000	45,738,000,000	38,434,000,000	30,219,000,000	24,156,000,000	19,535,500,000	15,470,400,000
Cash & Cash Equivalents	2,725,333,333	3,682,800,000	3,067,400,000	2,623,466,667	2,156,500,000	1,982,840,000	1,672,410,000	1,659,000,000	3,760,000,000	2,757,000,000	2,343,000,000	7,895,000,000	2,133,000,000	1,778,000,000	3,595,000,000	2,538,000,000	2,216,000,000	1,723,000,000	1,929,000,000	2,494,000,000	1,987,000,000	545,000,000	1,421,000,000	519,000,000	445,000,000	600,000,000	793,000,000	506,000,000	1,103,000,000	2,188,000,000	2,477,000,000	167,000,000	168,000,000	62,000,000	172,000,000	146,000,000	53,300,000
Cash & Cash Equivalents Margin	1.75%	2.56%	2.51%	2.44%	2.09%	2.12%	1.85%	1.04%	2.46%	1.75%	1.55%	5.98%	1.94%	1.64%	3.56%	2.68%	2.50%	2.07%	2.45%	3.34%	2.82%	0.80%	2.15%	0.73%	0.58%	0.76%	0.97%	0.69%	1.70%	3.76%	4.63%	0.37%	0.44%	0.21%	0.71%	0.75%	0.34%
Short-Term Investments	0	0	0	0	2,300,000	143,920,000	120,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,000,000	12,000,000	14,000,000	14,000,000	1,659,000,000	1,749,000,000	65,000,000	69,000,000	10,000,000	2,000,000	0	0	0	0
Short-Term Investments Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.02%	0.02%	0.02%	2.27%	2.70%	0.11%	0.13%	0.02%	0.01%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	2,725,333,333	3,682,800,000	3,067,400,000	2,623,466,667	2,158,800,000	2,126,760,000	1,792,410,000	1,659,000,000	3,760,000,000	2,757,000,000	2,343,000,000	7,895,000,000	2,133,000,000	1,778,000,000	3,595,000,000	2,538,000,000	2,216,000,000	1,723,000,000	1,929,000,000	2,494,000,000	1,987,000,000	545,000,000	1,421,000,000	525,000,000	457,000,000	614,000,000	807,000,000	2,165,000,000	2,852,000,000	2,253,000,000	2,546,000,000	177,000,000	170,000,000	62,000,000	172,000,000	146,000,000	53,300,000
Cash & Short-Term Investments Margin	1.75%	2.56%	2.51%	2.44%	2.09%	2.33%	2.02%	1.04%	2.46%	1.75%	1.55%	5.98%	1.94%	1.64%	3.56%	2.68%	2.50%	2.07%	2.45%	3.34%	2.82%	0.80%	2.15%	0.74%	0.59%	0.78%	0.99%	2.96%	4.40%	3.87%	4.75%	0.39%	0.44%	0.21%	0.71%	0.75%	0.34%
Net Receivables	3,849,333,333	3,593,200,000	2,787,900,000	2,299,066,667	2,165,000,000	1,948,920,000	1,701,626,667	4,903,000,000	3,328,000,000	3,317,000,000	3,426,000,000	2,992,000,000	2,106,000,000	1,936,000,000	1,952,000,000	2,029,000,000	1,890,000,000	1,484,000,000	1,398,000,000	1,395,000,000	1,245,000,000	1,085,000,000	964,000,000	972,000,000	1,259,000,000	3,223,000,000	2,396,000,000	1,499,000,000	1,097,000,000	1,072,000,000	920,000,000	835,000,000	587,000,000	469,000,000	556,000,000	388,400,000	325,400,000
Net Receivables Margin	2.45%	2.38%	2.18%	2.04%	2.10%	2.05%	2.02%	3.07%	2.18%	2.11%	2.27%	2.26%	1.91%	1.79%	1.93%	2.14%	2.14%	1.78%	1.77%	1.87%	1.77%	1.60%	1.46%	1.36%	1.63%	4.08%	2.94%	2.05%	1.69%	1.84%	1.72%	1.83%	1.53%	1.55%	2.30%	1.99%	2.10%
Inventory	23,104,333,333	21,601,600,000	17,357,000,000	15,157,733,333	14,209,050,000	12,998,080,000	11,440,820,000	23,451,000,000	20,976,000,000	24,886,000,000	22,068,000,000	16,627,000,000	14,531,000,000	13,925,000,000	12,748,000,000	12,549,000,000	11,809,000,000	11,079,000,000	11,057,000,000	10,710,000,000	10,325,000,000	10,625,000,000	10,188,000,000	10,673,000,000	11,731,000,000	12,822,000,000	11,401,000,000	10,076,000,000	9,076,000,000	8,338,000,000	6,725,000,000	6,556,000,000	5,489,000,000	4,293,000,000	3,602,000,000	2,708,300,000	2,180,300,000
Inventory Margin	14.75%	14.29%	13.67%	13.91%	14.22%	14.14%	14.16%	14.70%	13.74%	15.81%	14.60%	12.59%	13.18%	12.87%	12.63%	13.27%	13.34%	13.32%	14.03%	14.33%	14.67%	15.63%	15.40%	14.97%	15.17%	16.23%	13.99%	13.78%	14.00%	14.31%	12.56%	14.33%	14.28%	14.21%	14.91%	13.86%	14.09%
Other Current Assets	1,630,666,667	1,414,600,000	1,081,800,000	1,045,933,333	1,072,050,000	913,080,000	792,990,000	1,670,000,000	1,711,000,000	1,511,000,000	1,218,000,000	963,000,000	1,040,000,000	890,000,000	638,000,000	608,000,000	569,000,000	1,016,000,000	895,000,000	773,000,000	963,000,000	1,224,000,000	1,327,000,000	1,192,000,000	1,227,000,000	1,341,000,000	665,000,000	450,000,000	303,000,000	254,000,000	170,000,000	209,000,000	144,000,000	109,000,000	130,000,000	466,700,000	113,000,000
Other Current Assets Margin	1.04%	0.93%	0.83%	0.99%	1.13%	1.00%	0.98%	1.05%	1.12%	0.96%	0.81%	0.73%	0.94%	0.82%	0.63%	0.64%	0.64%	1.22%	1.14%	1.03%	1.37%	1.80%	2.01%	1.67%	1.59%	1.70%	0.82%	0.62%	0.47%	0.44%	0.32%	0.46%	0.37%	0.36%	0.54%	2.39%	0.73%
Total Current Assets	31,309,666,667	30,292,200,000	24,294,100,000	21,126,200,000	19,604,900,000	17,986,840,000	15,727,846,667	31,683,000,000	29,775,000,000	32,471,000,000	29,055,000,000	28,477,000,000	19,810,000,000	18,529,000,000	18,933,000,000	17,724,000,000	16,484,000,000	15,302,000,000	15,279,000,000	15,372,000,000	14,520,000,000	13,479,000,000	13,900,000,000	13,362,000,000	14,674,000,000	18,000,000,000	15,269,000,000	14,190,000,000	13,328,000,000	11,917,000,000	10,361,000,000	7,777,000,000	6,390,000,000	4,933,000,000	4,460,000,000	3,709,400,000	2,672,000,000
Total Current Assets Margin	20.00%	20.15%	19.20%	19.39%	19.55%	19.51%	19.18%	19.86%	19.50%	20.63%	19.22%	21.56%	17.97%	17.12%	18.76%	18.74%	18.62%	18.40%	19.39%	20.56%	20.63%	19.82%	21.00%	18.74%	18.97%	22.78%	18.73%	19.41%	20.56%	20.46%	19.35%	17.00%	16.63%	16.32%	18.46%	18.99%	17.27%
Property, Plant & Equipment	33,968,000,000	32,747,600,000	28,065,800,000	26,686,866,667	26,553,450,000	24,778,760,000	21,808,766,667	35,294,000,000	34,038,000,000	32,572,000,000	31,167,000,000	30,667,000,000	28,365,000,000	22,375,000,000	22,075,000,000	21,914,000,000	22,191,000,000	22,720,000,000	23,348,000,000	24,069,000,000	24,448,000,000	25,060,000,000	25,550,000,000	26,234,000,000	27,476,000,000	26,605,000,000	24,901,000,000	22,726,000,000	20,063,000,000	17,168,000,000	15,375,000,000	13,068,000,000	10,227,000,000	8,160,000,000	6,509,000,000	5,437,000,000	4,461,000,000
Property, Plant & Equipment Margin	21.70%	21.79%	22.55%	25.75%	28.07%	28.41%	28.25%	22.13%	22.30%	20.69%	20.62%	23.21%	25.73%	20.68%	21.88%	23.17%	25.07%	27.32%	29.62%	32.20%	34.73%	36.85%	38.61%	36.80%	35.52%	33.67%	30.55%	31.09%	30.95%	29.47%	28.71%	28.57%	26.61%	27.00%	26.95%	27.83%	28.84%
Goodwill	11,791,333,333	9,989,800,000	6,092,500,000	4,469,600,000	4,007,900,000	3,347,720,000	2,789,766,667	19,475,000,000	8,455,000,000	7,444,000,000	7,449,000,000	7,126,000,000	2,254,000,000	2,252,000,000	2,275,000,000	2,093,000,000	2,102,000,000	1,353,000,000	1,289,000,000	1,170,000,000	1,120,000,000	1,187,000,000	1,171,000,000	1,134,000,000	1,209,000,000	6,314,000,000	3,286,000,000	1,394,000,000	833,000,000	575,000,000	419,000,000	314,000,000	0	0	0	0	0
Goodwill Margin	7.49%	6.56%	4.38%	3.46%	3.44%	2.98%	2.48%	12.21%	5.54%	4.73%	4.93%	5.39%	2.04%	2.08%	2.25%	2.21%	2.37%	1.63%	1.64%	1.57%	1.59%	1.75%	1.77%	1.59%	1.56%	7.99%	4.03%	1.91%	1.29%	0.99%	0.78%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	4,196,333,333	2,517,800,000	1,258,900,000	839,266,667	649,350,000	520,200,000	463,256,667	8,983,000,000	3,606,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	398,000,000	18,000,000	0	0	0	0	311,000,000	268,000,000	140,000,000	86,500,000	87,200,000
Intangible Assets Margin	2.66%	1.60%	0.80%	0.53%	0.42%	0.34%	0.39%	5.63%	2.36%	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%	0.00%	0.00%	0.49%	0.02%	0.00%	0.00%	0.00%	0.00%	0.81%	0.89%	0.58%	0.44%	0.56%
Long-Term Investments	0	46,000,000	23,000,000	15,333,333	11,500,000	9,200,000	7,666,667	0	0	0	58,000,000	172,000,000	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
Long-Term Investments Margin	0.00%	0.03%	0.02%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.04%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	0	129,800,000	78,800,000	52,533,333	39,400,000	32,720,000	27,266,667	0	0	0	344,000,000	305,000,000	139,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	30,000,000	0	0	0	0	0	0	0	0	0
Tax Assets Margin	0.00%	0.09%	0.06%	0.04%	0.03%	0.03%	0.02%	0.00%	0.00%	0.00%	0.23%	0.23%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	1,766,000,000	2,587,000,000	1,812,700,000	1,373,466,667	1,207,600,000	1,029,200,000	878,320,000	684,000,000	656,000,000	3,958,000,000	3,803,000,000	3,834,000,000	668,000,000	847,000,000	1,246,000,000	1,235,000,000	1,196,000,000	571,000,000	602,000,000	473,000,000	430,000,000	399,000,000	256,000,000	434,000,000	965,000,000	1,344,000,000	551,000,000	549,000,000	213,000,000	351,000,000	239,000,000	226,000,000	153,000,000	104,000,000	120,000,000	108,800,000	133,800,000
Other Non-Current Assets Margin	1.12%	1.76%	1.41%	1.16%	1.10%	0.98%	0.91%	0.43%	0.43%	2.51%	2.52%	2.90%	0.61%	0.78%	1.23%	1.31%	1.35%	0.69%	0.76%	0.63%	0.61%	0.59%	0.39%	0.61%	1.25%	1.70%	0.68%	0.75%	0.33%	0.60%	0.45%	0.49%	0.40%	0.34%	0.50%	0.56%	0.86%
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
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%
Total Non-Current Assets	51,721,666,667	48,018,000,000	37,331,700,000	33,437,066,667	32,469,200,000	29,717,800,000	25,975,043,333	64,436,000,000	46,755,000,000	43,974,000,000	42,821,000,000	42,104,000,000	31,426,000,000	25,474,000,000	25,596,000,000	25,242,000,000	25,489,000,000	24,644,000,000	25,239,000,000	25,712,000,000	25,998,000,000	26,646,000,000	26,977,000,000	27,802,000,000	29,650,000,000	34,263,000,000	29,136,000,000	24,717,000,000	21,109,000,000	18,094,000,000	16,033,000,000	13,608,000,000	10,691,000,000	8,532,000,000	6,769,000,000	5,632,300,000	4,682,000,000
Total Non-Current Assets Margin	32.99%	31.83%	29.21%	30.95%	33.07%	32.74%	32.06%	40.40%	30.63%	27.94%	28.33%	31.87%	28.51%	23.54%	25.37%	26.68%	28.79%	29.63%	32.02%	34.40%	36.93%	39.19%	40.77%	39.00%	38.33%	43.36%	35.74%	33.82%	32.57%	31.06%	29.94%	29.75%	27.82%	28.23%	28.02%	28.83%	30.26%
Total Assets	83,031,333,333	78,310,200,000	61,625,800,000	54,563,266,667	52,074,100,000	47,704,640,000	41,702,890,000	96,119,000,000	76,530,000,000	76,445,000,000	71,876,000,000	70,581,000,000	51,236,000,000	44,003,000,000	44,529,000,000	42,966,000,000	41,973,000,000	39,946,000,000	40,518,000,000	41,084,000,000	40,518,000,000	40,125,000,000	40,877,000,000	41,164,000,000	44,324,000,000	52,263,000,000	44,405,000,000	38,907,000,000	34,437,000,000	30,011,000,000	26,394,000,000	21,385,000,000	17,081,000,000	13,465,000,000	11,229,000,000	9,341,700,000	7,354,000,000
Total Assets Margin	52.98%	51.99%	48.40%	50.33%	52.62%	52.25%	51.24%	60.26%	50.13%	48.57%	47.55%	53.43%	46.48%	40.67%	44.13%	45.42%	47.42%	48.03%	51.41%	54.96%	57.56%	59.01%	61.77%	57.74%	57.30%	66.14%	54.48%	53.23%	53.13%	51.52%	49.29%	46.76%	44.44%	44.56%	46.49%	47.82%	47.54%
Accounts Payable	11,139,333,333	11,697,200,000	9,483,700,000	8,092,666,667	7,509,750,000	6,843,680,000	5,931,450,000	11,938,000,000	10,037,000,000	11,443,000,000	13,462,000,000	11,606,000,000	7,787,000,000	7,755,000,000	7,244,000,000	7,000,000,000	6,565,000,000	5,807,000,000	5,797,000,000	5,376,000,000	4,856,000,000	4,717,000,000	4,863,000,000	4,822,000,000	5,732,000,000	7,356,000,000	6,032,000,000	5,766,000,000	5,159,000,000	4,560,000,000	3,436,000,000	1,976,000,000	1,993,000,000	1,586,000,000	1,358,000,000	1,089,700,000	824,800,000
Accounts Payable Margin	7.11%	7.80%	7.52%	7.37%	7.44%	7.33%	7.01%	7.48%	6.57%	7.27%	8.91%	8.79%	7.06%	7.17%	7.18%	7.40%	7.42%	6.98%	7.36%	7.19%	6.90%	6.94%	7.35%	6.76%	7.41%	9.31%	7.40%	7.89%	7.96%	7.83%	6.42%	4.32%	5.19%	5.25%	5.62%	5.58%	5.33%
Short-Term Debt	3,588,666,667	3,464,400,000	2,779,800,000	2,036,800,000	1,840,850,000	1,493,840,000	1,246,726,667	6,172,000,000	2,418,000,000	2,176,000,000	4,312,000,000	2,244,000,000	3,641,000,000	2,395,000,000	2,761,000,000	1,252,000,000	427,000,000	328,000,000	33,000,000	1,321,000,000	30,000,000	1,042,000,000	1,020,000,000	1,767,000,000	2,047,000,000	18,000,000	1,413,000,000	11,000,000	509,000,000	0	5,000,000	4,000,000	29,000,000	14,000,000	8,000,000	2,500,000	2,300,000
Short-Term Debt Margin	2.28%	2.28%	2.14%	1.68%	1.68%	1.38%	1.15%	3.87%	1.58%	1.38%	2.85%	1.70%	3.30%	2.21%	2.74%	1.32%	0.48%	0.39%	0.04%	1.77%	0.04%	1.53%	1.54%	2.48%	2.65%	0.02%	1.73%	0.02%	0.79%	0.00%	0.01%	0.01%	0.08%	0.05%	0.03%	0.01%	0.01%
Tax Payables	838,333,333	897,600,000	743,200,000	639,866,667	559,950,000	447,960,000	373,300,000	1,460,000,000	477,000,000	578,000,000	1,006,000,000	967,000,000	660,000,000	667,000,000	574,000,000	533,000,000	510,000,000	469,000,000	408,000,000	494,000,000	414,000,000	381,000,000	470,000,000	626,000,000	505,000,000	0	0	0	0	0	0	0	0	0	0	0	0
Tax Payables Margin	0.53%	0.60%	0.59%	0.59%	0.55%	0.44%	0.37%	0.92%	0.31%	0.37%	0.67%	0.73%	0.60%	0.62%	0.57%	0.56%	0.58%	0.56%	0.52%	0.66%	0.59%	0.56%	0.71%	0.88%	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%
Deferred Revenue	2,812,000,000	2,971,000,000	2,379,300,000	2,012,800,000	1,869,000,000	1,682,240,000	1,401,866,667	2,610,000,000	2,762,000,000	3,064,000,000	3,596,000,000	2,823,000,000	2,116,000,000	1,782,000,000	1,805,000,000	1,669,000,000	1,566,000,000	1,468,000,000	1,337,000,000	1,270,000,000	1,147,000,000	1,177,000,000	1,158,000,000	1,165,000,000	1,474,000,000	1,634,000,000	1,757,000,000	1,546,000,000	1,281,000,000	998,000,000	851,000,000	0	0	0	0	0	0
Deferred Revenue Margin	1.80%	1.98%	1.88%	1.82%	1.84%	1.77%	1.47%	1.64%	1.81%	1.95%	2.38%	2.14%	1.92%	1.65%	1.79%	1.76%	1.77%	1.76%	1.70%	1.70%	1.63%	1.73%	1.75%	1.63%	1.91%	2.07%	2.16%	2.12%	1.98%	1.71%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	6,217,000,000	6,098,800,000	4,972,700,000	4,322,200,000	4,041,650,000	3,749,400,000	3,301,843,333	6,481,000,000	6,321,000,000	5,849,000,000	6,317,000,000	5,526,000,000	4,171,000,000	4,117,000,000	3,810,000,000	3,679,000,000	3,456,000,000	3,197,000,000	3,174,000,000	3,001,000,000	2,929,000,000	2,805,000,000	2,852,000,000	2,773,000,000	2,948,000,000	3,923,000,000	3,504,000,000	3,206,000,000	2,605,000,000	2,477,000,000	2,209,000,000	2,405,000,000	1,634,000,000	1,257,000,000	1,090,000,000	749,900,000	589,400,000
Other Current Liabilities Margin	3.97%	4.06%	3.94%	3.97%	4.04%	4.12%	4.12%	4.06%	4.14%	3.72%	4.18%	4.18%	3.78%	3.80%	3.78%	3.89%	3.90%	3.84%	4.03%	4.01%	4.16%	4.13%	4.31%	3.89%	3.81%	4.96%	4.30%	4.39%	4.02%	4.25%	4.12%	5.26%	4.25%	4.16%	4.51%	3.84%	3.81%
Total Current Liabilities	24,595,333,333	25,129,000,000	20,358,700,000	17,104,333,333	15,821,200,000	14,217,120,000	12,255,186,667	28,661,000,000	22,015,000,000	23,110,000,000	28,693,000,000	23,166,000,000	18,375,000,000	16,716,000,000	16,194,000,000	14,133,000,000	12,524,000,000	11,269,000,000	10,749,000,000	11,462,000,000	9,376,000,000	10,122,000,000	10,363,000,000	11,153,000,000	12,706,000,000	12,931,000,000	12,706,000,000	10,529,000,000	9,554,000,000	8,035,000,000	6,501,000,000	4,385,000,000	3,656,000,000	2,857,000,000	2,456,000,000	1,842,100,000	1,416,500,000
Total Current Liabilities Margin	15.69%	16.72%	16.08%	15.44%	15.56%	15.04%	14.12%	17.97%	14.42%	14.68%	18.98%	17.54%	16.67%	15.45%	16.05%	14.94%	14.15%	13.55%	13.64%	15.33%	13.32%	14.89%	15.66%	15.64%	16.43%	16.36%	15.59%	14.40%	14.74%	13.79%	12.14%	9.59%	9.51%	9.45%	10.17%	9.43%	9.16%
Long-Term Debt	51,377,000,000	47,453,200,000	36,521,400,000	28,380,933,333	23,487,050,000	19,074,440,000	16,081,556,667	56,118,000,000	49,825,000,000	48,188,000,000	41,957,000,000	41,178,000,000	33,736,000,000	26,807,000,000	24,267,000,000	22,349,000,000	20,789,000,000	16,869,000,000	14,691,000,000	9,475,000,000	10,758,000,000	8,707,000,000	8,662,000,000	9,667,000,000	11,383,000,000	11,643,000,000	2,672,000,000	2,148,000,000	856,000,000	1,321,000,000	1,250,000,000	1,545,000,000	750,000,000	1,566,000,000	1,303,000,000	1,246,600,000	720,100,000
Long-Term Debt Margin	32.81%	31.47%	28.39%	24.24%	21.15%	17.41%	15.29%	35.18%	32.64%	30.61%	27.76%	31.17%	30.61%	24.77%	24.05%	23.63%	23.49%	20.28%	18.64%	12.67%	15.28%	12.80%	13.09%	13.56%	14.72%	14.73%	3.28%	2.94%	1.32%	2.27%	2.33%	3.38%	1.95%	5.18%	5.39%	6.38%	4.65%
Capital Lease Obligations	8,070,000,000	7,315,400,000	4,247,100,000	2,831,400,000	2,123,550,000	1,698,840,000	1,415,700,000	8,907,000,000	8,132,000,000	7,171,000,000	6,183,000,000	6,184,000,000	5,894,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations Margin	5.16%	4.85%	2.96%	1.97%	1.48%	1.18%	0.99%	5.58%	5.33%	4.56%	4.09%	4.68%	5.35%	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%	0.00%
Deferred Tax Liabilities	1,281,333,333	1,176,800,000	819,600,000	685,533,333	666,650,000	654,200,000	556,940,000	1,962,000,000	863,000,000	1,019,000,000	909,000,000	1,131,000,000	706,000,000	491,000,000	440,000,000	296,000,000	379,000,000	642,000,000	514,000,000	319,000,000	340,000,000	272,000,000	319,000,000	369,000,000	0	1,416,000,000	946,000,000	1,309,000,000	967,000,000	362,000,000	189,000,000	195,000,000	87,000,000	85,000,000	78,000,000	66,000,000	37,200,000
Deferred Tax Liabilities Margin	0.81%	0.78%	0.62%	0.59%	0.64%	0.70%	0.63%	1.23%	0.57%	0.65%	0.60%	0.86%	0.64%	0.45%	0.44%	0.31%	0.43%	0.77%	0.65%	0.43%	0.48%	0.40%	0.48%	0.52%	0.00%	1.79%	1.16%	1.79%	1.49%	0.62%	0.35%	0.43%	0.23%	0.28%	0.32%	0.34%	0.24%
Other Non-Current Liabilities	2,695,666,667	2,381,400,000	2,130,300,000	2,101,400,000	2,039,750,000	1,732,760,000	1,473,060,000	2,738,000,000	2,783,000,000	2,566,000,000	2,013,000,000	1,807,000,000	1,535,000,000	1,867,000,000	2,174,000,000	1,855,000,000	1,965,000,000	1,844,000,000	2,042,000,000	2,051,000,000	2,146,000,000	2,135,000,000	2,140,000,000	2,198,000,000	2,521,000,000	1,243,000,000	1,172,000,000	763,000,000	653,000,000	491,000,000	372,000,000	245,000,000	237,000,000	208,000,000	178,000,000	134,000,000	115,800,000
Other Non-Current Liabilities Margin	1.72%	1.57%	1.73%	2.07%	2.18%	1.91%	1.71%	1.72%	1.82%	1.63%	1.33%	1.37%	1.39%	1.73%	2.15%	1.96%	2.22%	2.22%	2.59%	2.74%	3.05%	3.14%	3.23%	3.08%	3.26%	1.57%	1.44%	1.04%	1.01%	0.84%	0.69%	0.54%	0.62%	0.69%	0.74%	0.69%	0.75%
Total Non-Current Liabilities	55,354,000,000	51,011,400,000	39,471,300,000	31,167,866,667	26,193,450,000	21,461,400,000	18,111,556,667	60,818,000,000	53,471,000,000	51,773,000,000	44,879,000,000	44,116,000,000	35,977,000,000	29,165,000,000	26,881,000,000	24,500,000,000	23,133,000,000	19,355,000,000	17,247,000,000	11,845,000,000	13,244,000,000	11,114,000,000	11,121,000,000	12,234,000,000	13,904,000,000	14,302,000,000	4,790,000,000	4,220,000,000	2,476,000,000	2,174,000,000	1,811,000,000	1,985,000,000	1,074,000,000	1,859,000,000	1,559,000,000	1,446,600,000	873,100,000
Total Non-Current Liabilities Margin	35.35%	33.83%	30.74%	26.90%	23.97%	20.02%	17.63%	38.13%	35.02%	32.89%	29.69%	33.39%	32.64%	26.95%	26.64%	25.90%	26.13%	23.27%	21.88%	15.85%	18.81%	16.34%	16.81%	17.16%	17.98%	18.10%	5.88%	5.77%	3.82%	3.73%	3.38%	4.34%	2.79%	6.15%	6.45%	7.40%	5.64%
Total Liabilities	79,949,333,333	76,140,400,000	59,830,000,000	48,272,200,000	42,014,650,000	35,678,520,000	30,366,743,333	89,479,000,000	75,486,000,000	74,883,000,000	73,572,000,000	67,282,000,000	54,352,000,000	45,881,000,000	43,075,000,000	38,633,000,000	35,657,000,000	30,624,000,000	27,996,000,000	23,307,000,000	22,620,000,000	21,236,000,000	21,484,000,000	23,387,000,000	26,610,000,000	27,233,000,000	17,496,000,000	14,749,000,000	12,030,000,000	10,209,000,000	8,312,000,000	6,370,000,000	4,730,000,000	4,716,000,000	4,015,000,000	3,288,700,000	2,289,600,000
Total Liabilities Margin	51.04%	50.54%	46.82%	42.34%	39.54%	35.06%	31.75%	56.09%	49.44%	47.57%	48.67%	50.93%	49.31%	42.40%	42.69%	40.84%	40.28%	36.82%	35.52%	31.18%	32.13%	31.23%	32.46%	32.81%	34.40%	34.46%	21.46%	20.18%	18.56%	17.53%	15.52%	13.93%	12.31%	15.61%	16.62%	16.83%	14.80%
Preferred Stock	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
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%
Common Stock	90,000,000	89,800,000	89,200,000	88,600,000	91,300,000	96,600,000	84,333,333	90,000,000	90,000,000	90,000,000	90,000,000	89,000,000	89,000,000	89,000,000	89,000,000	88,000,000	88,000,000	88,000,000	88,000,000	88,000,000	87,000,000	86,000,000	86,000,000	85,000,000	85,000,000	121,000,000	120,000,000	119,000,000	119,000,000	118,000,000	117,000,000	116,000,000	115,000,000	0	0	0	0
Common Stock Margin	0.06%	0.06%	0.07%	0.09%	0.10%	0.12%	0.11%	0.06%	0.06%	0.06%	0.06%	0.07%	0.08%	0.08%	0.09%	0.09%	0.10%	0.11%	0.11%	0.12%	0.12%	0.13%	0.13%	0.12%	0.11%	0.15%	0.15%	0.16%	0.18%	0.20%	0.22%	0.25%	0.30%	0.00%	0.00%	0.00%	0.00%
Retained Earnings	83,361,666,667	75,159,800,000	58,037,800,000	45,522,133,333	39,076,700,000	34,563,880,000	29,610,990,000	89,533,000,000	83,656,000,000	76,896,000,000	67,580,000,000	58,134,000,000	51,729,000,000	46,423,000,000	39,935,000,000	35,519,000,000	30,973,000,000	26,995,000,000	23,180,000,000	20,038,000,000	17,246,000,000	14,995,000,000	13,226,000,000	12,093,000,000	11,388,000,000	33,052,000,000	28,943,000,000	23,962,000,000	19,680,000,000	15,971,000,000	12,799,000,000	10,151,000,000	7,941,000,000	5,876,000,000	4,430,000,000	3,406,600,000	2,579,100,000
Retained Earnings Margin	53.26%	49.70%	45.04%	39.04%	35.73%	34.05%	31.46%	56.13%	54.80%	48.85%	44.71%	44.00%	46.93%	42.90%	39.58%	37.55%	34.99%	32.46%	29.41%	26.81%	24.50%	22.05%	19.99%	16.96%	14.72%	41.83%	35.51%	32.78%	30.36%	27.42%	23.90%	22.19%	20.66%	19.44%	18.34%	17.44%	16.67%
Accumulated OCI	-774,666,667	-739,800,000	-754,100,000	-454,133,333	-252,650,000	-215,360,000	-180,600,000	-1,129,000,000	-477,000,000	-718,000,000	-704,000,000	-671,000,000	-739,000,000	-772,000,000	-566,000,000	-867,000,000	-898,000,000	-452,000,000	46,000,000	397,000,000	293,000,000	445,000,000	362,000,000	-77,000,000	755,000,000	310,000,000	409,000,000	119,000,000	14,000,000	-145,000,000	-246,000,000	-73,000,000	-34,000,000	0	0	0	0
Accumulated OCI Margin	-0.49%	-0.49%	-0.63%	-0.35%	-0.15%	-0.14%	-0.12%	-0.71%	-0.31%	-0.46%	-0.47%	-0.51%	-0.67%	-0.71%	-0.56%	-0.92%	-1.01%	-0.54%	0.06%	0.53%	0.42%	0.65%	0.55%	-0.11%	0.98%	0.39%	0.50%	0.16%	0.02%	-0.25%	-0.46%	-0.16%	-0.09%	0.00%	0.00%	0.00%	0.00%
Minority Interest	0	0	0	0	0	440,000	10,680,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,000,000	10,000,000	9,000,000	116,000,000	97,800,000	76,600,000
Minority Interest Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.03%	0.03%	0.48%	0.50%	0.50%
Total Shareholders’ Equity	3,082,000,000	2,169,800,000	1,795,800,000	6,291,066,667	10,059,450,000	12,025,680,000	11,325,466,667	6,640,000,000	1,044,000,000	1,562,000,000	-1,696,000,000	3,299,000,000	-3,116,000,000	-1,878,000,000	1,454,000,000	4,333,000,000	6,316,000,000	9,322,000,000	12,522,000,000	17,777,000,000	17,898,000,000	18,889,000,000	19,393,000,000	17,777,000,000	17,714,000,000	25,030,000,000	26,909,000,000	24,158,000,000	22,407,000,000	19,802,000,000	18,082,000,000	15,004,000,000	12,341,000,000	8,740,000,000	7,098,000,000	5,955,200,000	4,987,800,000
Total Shareholders’ Equity Margin	1.95%	1.44%	1.58%	7.99%	13.09%	17.20%	19.43%	4.16%	0.68%	0.99%	-1.12%	2.50%	-2.83%	-1.74%	1.44%	4.58%	7.14%	11.21%	15.89%	23.78%	25.43%	27.78%	29.31%	24.94%	22.90%	31.67%	33.01%	33.05%	34.57%	34.00%	33.76%	32.80%	32.11%	28.92%	29.38%	30.48%	32.24%
Total Equity	3,082,000,000	2,169,800,000	1,795,800,000	6,291,066,667	10,059,450,000	12,026,120,000	11,336,146,667	6,640,000,000	1,044,000,000	1,562,000,000	-1,696,000,000	3,299,000,000	-3,116,000,000	-1,878,000,000	1,454,000,000	4,333,000,000	6,316,000,000	9,322,000,000	12,522,000,000	17,777,000,000	17,898,000,000	18,889,000,000	19,393,000,000	17,777,000,000	17,714,000,000	25,030,000,000	26,909,000,000	24,158,000,000	22,407,000,000	19,802,000,000	18,082,000,000	15,015,000,000	12,351,000,000	8,749,000,000	7,214,000,000	6,053,000,000	5,064,400,000
Total Equity Margin	1.95%	1.44%	1.58%	7.99%	13.09%	17.20%	19.49%	4.16%	0.68%	0.99%	-1.12%	2.50%	-2.83%	-1.74%	1.44%	4.58%	7.14%	11.21%	15.89%	23.78%	25.43%	27.78%	29.31%	24.94%	22.90%	31.67%	33.01%	33.05%	34.57%	34.00%	33.76%	32.83%	32.14%	28.95%	29.86%	30.98%	32.74%
Total Liabilities & Equity	83,031,333,333	78,310,200,000	61,625,800,000	54,563,266,667	52,074,100,000	47,704,640,000	41,702,890,000	96,119,000,000	76,530,000,000	76,445,000,000	71,876,000,000	70,581,000,000	51,236,000,000	44,003,000,000	44,529,000,000	42,966,000,000	41,973,000,000	39,946,000,000	40,518,000,000	41,084,000,000	40,518,000,000	40,125,000,000	40,877,000,000	41,164,000,000	44,324,000,000	52,263,000,000	44,405,000,000	38,907,000,000	34,437,000,000	30,011,000,000	26,394,000,000	21,385,000,000	17,081,000,000	13,465,000,000	11,229,000,000	9,341,700,000	7,354,000,000
Total Liabilities & Equity Margin	52.98%	51.99%	48.40%	50.33%	52.62%	52.25%	51.24%	60.26%	50.13%	48.57%	47.55%	53.43%	46.48%	40.67%	44.13%	45.42%	47.42%	48.03%	51.41%	54.96%	57.56%	59.01%	61.77%	57.74%	57.30%	66.14%	54.48%	53.23%	53.13%	51.52%	49.29%	46.76%	44.44%	44.56%	46.49%	47.82%	47.54%
Total Investments	0	46,000,000	23,000,000	15,333,333	13,800,000	153,120,000	127,666,667	0	0	0	58,000,000	172,000,000	0	0	0	0	0	0	0	0	0	0	0	6,000,000	12,000,000	14,000,000	14,000,000	1,659,000,000	1,749,000,000	65,000,000	69,000,000	10,000,000	2,000,000	0	0	0	0
Total Investments Margin	0.00%	0.03%	0.02%	0.01%	0.01%	0.22%	0.18%	0.00%	0.00%	0.00%	0.04%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.02%	0.02%	0.02%	2.27%	2.70%	0.11%	0.13%	0.02%	0.01%	0.00%	0.00%	0.00%	0.00%
Net Debt	52,240,333,333	47,234,800,000	36,233,800,000	27,794,266,667	23,171,400,000	18,585,440,000	15,655,873,333	60,631,000,000	48,483,000,000	47,607,000,000	43,926,000,000	35,527,000,000	35,244,000,000	27,424,000,000	23,433,000,000	21,063,000,000	19,000,000,000	15,474,000,000	12,795,000,000	8,302,000,000	8,801,000,000	9,204,000,000	8,261,000,000	10,915,000,000	12,985,000,000	11,061,000,000	3,292,000,000	1,653,000,000	262,000,000	-867,000,000	-1,222,000,000	1,382,000,000	611,000,000	1,518,000,000	1,139,000,000	1,103,100,000	669,100,000
Net Debt Margin	33.34%	31.19%	28.02%	23.48%	20.74%	16.67%	14.60%	38.01%	31.76%	30.25%	29.06%	26.89%	31.97%	25.34%	23.22%	22.27%	21.46%	18.60%	16.23%	11.11%	12.50%	13.54%	12.48%	15.31%	16.79%	14.00%	4.04%	2.26%	0.40%	-1.49%	-2.28%	3.02%	1.59%	5.02%	4.72%	5.65%	4.33%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Revenue	156,528,666,667	150,570,600,000	125,529,900,000	108,695,533,333	100,288,950,000	92,049,080,000	80,968,063,333	159,514,000,000	152,669,000,000	157,403,000,000	151,157,000,000	132,110,000,000	110,225,000,000	108,203,000,000	100,904,000,000	94,595,000,000	88,519,000,000	83,176,000,000	78,812,000,000	74,754,000,000	70,395,000,000	67,997,000,000	66,176,000,000	71,288,000,000	77,349,000,000	79,022,000,000	81,511,000,000	73,094,000,000	64,816,000,000	58,247,000,000	53,553,000,000	45,738,000,000	38,434,000,000	30,219,000,000	24,156,000,000	19,535,500,000	15,470,400,000
Working Capital	6,714,333,333	5,163,200,000	3,935,400,000	4,021,866,667	3,783,700,000	3,769,720,000	3,472,660,000	3,022,000,000	7,760,000,000	9,361,000,000	362,000,000	5,311,000,000	1,435,000,000	1,813,000,000	2,739,000,000	3,591,000,000	3,960,000,000	4,033,000,000	4,530,000,000	3,910,000,000	5,144,000,000	3,357,000,000	3,537,000,000	2,209,000,000	1,968,000,000	5,069,000,000	2,563,000,000	3,661,000,000	3,774,000,000	3,882,000,000	3,860,000,000	3,392,000,000	2,734,000,000	2,076,000,000	2,004,000,000	1,867,300,000	1,255,500,000
Working Capital Margin	4.31%	3.44%	3.11%	3.95%	3.99%	4.48%	5.06%	1.89%	5.08%	5.95%	0.24%	4.02%	1.30%	1.68%	2.71%	3.80%	4.47%	4.85%	5.75%	5.23%	7.31%	4.94%	5.34%	3.10%	2.54%	6.41%	3.14%	5.01%	5.82%	6.66%	7.21%	7.42%	7.11%	6.87%	8.30%	9.56%	8.12%
Total Capital	58,047,666,667	53,087,400,000	41,097,000,000	36,708,800,000	35,387,350,000	32,593,960,000	28,653,750,000	68,930,000,000	53,287,000,000	51,926,000,000	44,573,000,000	46,721,000,000	34,261,000,000	27,324,000,000	28,482,000,000	27,934,000,000	27,532,000,000	26,519,000,000	27,246,000,000	28,573,000,000	28,686,000,000	28,638,000,000	29,075,000,000	29,211,000,000	31,144,000,000	36,691,000,000	30,994,000,000	26,317,000,000	23,772,000,000	21,123,000,000	19,337,000,000	16,553,000,000	13,120,000,000	10,320,000,000	8,409,000,000	7,204,300,000	5,710,200,000
Total Capital Margin	37.04%	35.19%	32.12%	33.91%	35.92%	35.98%	35.88%	43.21%	34.90%	32.99%	29.49%	35.37%	31.08%	25.25%	28.23%	29.53%	31.10%	31.88%	34.57%	38.22%	40.75%	42.12%	43.94%	40.98%	40.26%	46.43%	38.02%	36.00%	36.68%	36.26%	36.11%	36.19%	34.14%	34.15%	34.81%	36.88%	36.91%
Capital Employed	58,436,000,000	53,181,200,000	41,267,100,000	37,458,933,333	36,252,900,000	33,487,520,000	29,447,703,333	67,458,000,000	54,515,000,000	53,335,000,000	43,183,000,000	47,415,000,000	32,861,000,000	27,287,000,000	28,335,000,000	28,833,000,000	29,449,000,000	28,677,000,000	29,769,000,000	29,622,000,000	31,142,000,000	30,003,000,000	30,514,000,000	30,011,000,000	31,618,000,000	39,332,000,000	31,699,000,000	28,378,000,000	24,883,000,000	21,976,000,000	19,893,000,000	17,000,000,000	13,425,000,000	10,608,000,000	8,773,000,000	7,499,600,000	5,937,500,000
Capital Employed Margin	37.29%	35.27%	32.32%	34.90%	37.06%	37.22%	37.12%	42.29%	35.71%	33.88%	28.57%	35.89%	29.81%	25.22%	28.08%	30.48%	33.27%	34.48%	37.77%	39.63%	44.24%	44.12%	46.11%	42.10%	40.88%	49.77%	38.89%	38.82%	38.39%	37.73%	37.15%	37.17%	34.93%	35.10%	36.32%	38.39%	38.38%
Invested Capital	55,322,333,333	49,404,600,000	38,029,600,000	34,085,333,333	33,230,850,000	30,611,120,000	26,981,340,000	67,271,000,000	49,527,000,000	49,169,000,000	42,230,000,000	38,826,000,000	32,128,000,000	25,546,000,000	24,887,000,000	25,396,000,000	25,316,000,000	24,796,000,000	25,317,000,000	26,079,000,000	26,699,000,000	28,093,000,000	27,654,000,000	28,692,000,000	30,699,000,000	36,091,000,000	30,201,000,000	25,811,000,000	22,669,000,000	18,935,000,000	16,860,000,000	16,386,000,000	12,952,000,000	10,258,000,000	8,237,000,000	7,058,300,000	5,656,900,000
Invested Capital Margin	35.28%	32.64%	29.60%	31.47%	33.83%	33.87%	34.04%	42.17%	32.44%	31.24%	27.94%	29.39%	29.15%	23.61%	24.66%	26.85%	28.60%	29.81%	32.12%	34.89%	37.93%	41.32%	41.79%	40.25%	39.69%	45.67%	37.05%	35.31%	34.97%	32.51%	31.48%	35.83%	33.70%	33.95%	34.10%	36.13%	36.57%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Revenue	156,528,666,667	150,570,600,000	125,529,900,000	108,695,533,333	100,288,950,000	92,049,080,000	80,968,063,333	159,514,000,000	152,669,000,000	157,403,000,000	151,157,000,000	132,110,000,000	110,225,000,000	108,203,000,000	100,904,000,000	94,595,000,000	88,519,000,000	83,176,000,000	78,812,000,000	74,754,000,000	70,395,000,000	67,997,000,000	66,176,000,000	71,288,000,000	77,349,000,000	79,022,000,000	81,511,000,000	73,094,000,000	64,816,000,000	58,247,000,000	53,553,000,000	45,738,000,000	38,434,000,000	30,219,000,000	24,156,000,000	19,535,500,000	15,470,400,000
Net Income	15,684,666,667	15,270,600,000	12,231,200,000	9,719,866,667	8,335,650,000	7,412,280,000	6,402,340,000	14,806,000,000	15,143,000,000	17,105,000,000	16,433,000,000	12,866,000,000	11,242,000,000	11,121,000,000	8,630,000,000	7,957,000,000	7,009,000,000	6,345,000,000	5,385,000,000	4,535,000,000	3,883,000,000	3,338,000,000	2,661,000,000	2,260,000,000	4,395,000,000	5,761,000,000	5,838,000,000	5,001,000,000	4,304,000,000	3,664,000,000	3,044,000,000	2,581,000,000	2,320,000,000	1,614,000,000	1,160,000,000	937,700,000	731,500,000
Net Income Margin	10.02%	10.14%	9.60%	8.47%	7.72%	7.42%	7.04%	9.28%	9.92%	10.87%	10.87%	9.74%	10.20%	10.28%	8.55%	8.41%	7.92%	7.63%	6.83%	6.07%	5.52%	4.91%	4.02%	3.17%	5.68%	7.29%	7.16%	6.84%	6.64%	6.29%	5.68%	5.64%	6.04%	5.34%	4.80%	4.80%	4.73%
Depreciation & Amortization	3,327,666,667	3,072,800,000	2,571,000,000	2,289,133,333	2,170,800,000	1,923,160,000	1,653,716,667	3,761,000,000	3,247,000,000	2,975,000,000	2,862,000,000	2,519,000,000	2,296,000,000	2,152,000,000	2,062,000,000	1,973,000,000	1,863,000,000	1,786,000,000	1,757,000,000	1,684,000,000	1,682,000,000	1,718,000,000	1,806,000,000	1,902,000,000	1,906,000,000	1,886,000,000	1,579,000,000	1,319,000,000	1,076,000,000	903,000,000	764,000,000	601,000,000	463,000,000	373,000,000	283,000,000	232,300,000	181,200,000
Depreciation & Amortization Margin	2.12%	2.03%	2.05%	2.14%	2.21%	2.08%	1.93%	2.36%	2.13%	1.89%	1.89%	1.91%	2.08%	1.99%	2.04%	2.09%	2.10%	2.15%	2.23%	2.25%	2.39%	2.53%	2.73%	2.67%	2.46%	2.39%	1.94%	1.80%	1.66%	1.55%	1.43%	1.31%	1.20%	1.23%	1.17%	1.19%	1.17%
Deferred Income Tax	0	-169,000,000	-64,200,000	-42,800,000	-77,650,000	-18,240,000	-14,333,333	0	0	0	-276,000,000	-569,000,000	202,000,000	26,000,000	92,000,000	-117,000,000	0	0	0	0	0	0	0	0	-348,000,000	46,000,000	-609,000,000	319,000,000	605,000,000	173,000,000	0	0	0	7,000,000	-28,000,000	29,000,000	18,000,000
Deferred Income Tax Margin	0.00%	-0.12%	-0.04%	-0.03%	-0.08%	0.00%	0.01%	0.00%	0.00%	0.00%	-0.18%	-0.43%	0.18%	0.02%	0.09%	-0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.45%	0.06%	-0.75%	0.44%	0.93%	0.30%	0.00%	0.00%	0.00%	0.02%	-0.12%	0.15%	0.12%
Stock-Based Compensation	396,000,000	379,400,000	321,400,000	287,600,000	259,750,000	207,800,000	173,166,667	442,000,000	380,000,000	366,000,000	399,000,000	310,000,000	251,000,000	282,000,000	273,000,000	267,000,000	244,000,000	225,000,000	228,000,000	218,000,000	215,000,000	214,000,000	201,000,000	176,000,000	207,000,000	297,000,000	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	0.25%	0.25%	0.26%	0.27%	0.26%	0.21%	0.17%	0.28%	0.25%	0.23%	0.26%	0.23%	0.23%	0.26%	0.27%	0.28%	0.28%	0.27%	0.29%	0.29%	0.31%	0.31%	0.30%	0.25%	0.27%	0.38%	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	-1,106,666,667	-723,200,000	-380,700,000	-180,866,667	97,450,000	168,320,000	100,410,000	694,000,000	2,088,000,000	-6,102,000,000	-3,319,000,000	3,023,000,000	-286,000,000	-534,000,000	646,000,000	-418,000,000	401,000,000	209,000,000	258,000,000	441,000,000	871,000,000	-685,000,000	5,419,000,000	447,000,000	-433,000,000	-330,000,000	-441,000,000	-132,000,000	560,000,000	62,000,000	2,155,000,000	-386,000,000	-337,000,000	-131,000,000	-386,000,000	-124,000,000	-217,700,000
Change in Working Capital Margin	-0.69%	-0.40%	-0.21%	-0.05%	0.33%	0.42%	0.19%	0.44%	1.37%	-3.88%	-2.20%	2.29%	-0.26%	-0.49%	0.64%	-0.44%	0.45%	0.25%	0.33%	0.59%	1.24%	-1.01%	8.19%	0.63%	-0.56%	-0.42%	-0.54%	-0.18%	0.86%	0.11%	4.02%	-0.84%	-0.88%	-0.43%	-1.60%	-0.63%	-1.41%
Accounts Receivable	139,666,667	-96,200,000	-79,800,000	-87,266,667	-67,850,000	-80,040,000	-76,496,667	174,000,000	134,000,000	111,000,000	-435,000,000	-465,000,000	-170,000,000	33,000,000	139,000,000	-138,000,000	-181,000,000	-81,000,000	-15,000,000	-143,000,000	-170,000,000	-102,000,000	-23,000,000	121,000,000	116,000,000	96,000,000	-358,000,000	-266,000,000	25,000,000	-38,000,000	-119,000,000	-246,000,000	-85,000,000	85,000,000	-166,000,000	-58,000,000	-69,900,000
Accounts Receivable Margin	0.09%	-0.07%	-0.07%	-0.09%	-0.07%	-0.10%	-0.13%	0.11%	0.09%	0.07%	-0.29%	-0.35%	-0.15%	0.03%	0.14%	-0.15%	-0.20%	-0.10%	-0.02%	-0.19%	-0.24%	-0.15%	-0.03%	0.17%	0.15%	0.12%	-0.44%	-0.36%	0.04%	-0.07%	-0.22%	-0.54%	-0.22%	0.28%	-0.69%	-0.30%	-0.45%
Inventory	188,000,000	-1,299,200,000	-973,200,000	-717,333,333	-570,850,000	-631,680,000	-649,043,333	-743,000,000	4,137,000,000	-2,830,000,000	-5,403,000,000	-1,657,000,000	-593,000,000	-1,244,000,000	-84,000,000	-769,000,000	-546,000,000	-124,000,000	-455,000,000	-350,000,000	256,000,000	-355,000,000	625,000,000	743,000,000	-491,000,000	-563,000,000	-971,000,000	-849,000,000	-693,000,000	-1,592,000,000	-166,000,000	-1,075,000,000	-1,142,000,000	-698,000,000	-885,000,000	-525,000,000	-429,300,000
Inventory Margin	0.15%	-0.88%	-0.76%	-0.60%	-0.47%	-0.68%	-1.05%	-0.47%	2.71%	-1.80%	-3.57%	-1.25%	-0.54%	-1.15%	-0.08%	-0.81%	-0.62%	-0.15%	-0.58%	-0.47%	0.36%	-0.52%	0.94%	1.04%	-0.63%	-0.71%	-1.19%	-1.16%	-1.07%	-2.73%	-0.31%	-2.35%	-2.97%	-2.31%	-3.66%	-2.69%	-2.77%
Accounts Payable	-1,156,666,667	809,800,000	663,700,000	564,866,667	368,100,000	294,480,000	245,400,000	518,000,000	-1,411,000,000	-2,577,000,000	2,401,000,000	5,118,000,000	32,000,000	870,000,000	352,000,000	446,000,000	888,000,000	244,000,000	605,000,000	698,000,000	422,000,000	-133,000,000	0	-646,000,000	-465,000,000	0	0	0	0	0	0	0	0	0	0	0	0
Accounts Payable Margin	-0.75%	0.65%	0.59%	0.55%	0.34%	0.27%	0.23%	0.32%	-0.92%	-1.64%	1.59%	3.87%	0.03%	0.80%	0.35%	0.47%	1.00%	0.29%	0.77%	0.93%	0.60%	-0.20%	0.00%	-0.91%	-0.60%	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	-277,666,667	-137,600,000	8,600,000	58,866,667	368,050,000	585,560,000	580,550,000	745,000,000	-772,000,000	-806,000,000	118,000,000	27,000,000	445,000,000	-193,000,000	239,000,000	43,000,000	240,000,000	170,000,000	123,000,000	236,000,000	363,000,000	-95,000,000	4,817,000,000	229,000,000	407,000,000	137,000,000	888,000,000	983,000,000	1,228,000,000	1,692,000,000	2,440,000,000	935,000,000	890,000,000	482,000,000	665,000,000	459,000,000	281,500,000
Other Working Capital Margin	-0.18%	-0.09%	0.03%	0.09%	0.54%	0.94%	1.14%	0.47%	-0.51%	-0.51%	0.08%	0.02%	0.40%	-0.18%	0.24%	0.05%	0.27%	0.20%	0.16%	0.32%	0.52%	-0.14%	7.28%	0.32%	0.53%	0.17%	1.09%	1.34%	1.89%	2.90%	4.56%	2.04%	2.32%	1.60%	2.75%	2.35%	1.82%
Other Non-Cash Items	230,666,667	370,800,000	225,900,000	135,533,333	-96,650,000	-72,320,000	-57,633,333	107,000,000	314,000,000	271,000,000	472,000,000	690,000,000	-18,000,000	118,000,000	328,000,000	121,000,000	-144,000,000	-323,000,000	0	97,000,000	0	0	-4,962,000,000	743,000,000	0	0	253,000,000	125,000,000	0	0	0	0	0	54,000,000	0	25,000,000	0
Other Non-Cash Items Margin	0.15%	0.26%	0.17%	0.09%	-0.24%	-0.18%	-0.14%	0.07%	0.21%	0.17%	0.31%	0.52%	-0.02%	0.11%	0.33%	0.13%	-0.16%	-0.39%	0.00%	0.13%	0.00%	0.00%	-7.50%	1.04%	0.00%	0.00%	0.31%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.00%	0.13%	0.00%
Net Cash from Operating Activities	18,532,333,333	18,201,400,000	14,904,600,000	12,208,466,667	10,689,350,000	9,621,000,000	8,257,666,667	19,810,000,000	21,172,000,000	14,615,000,000	16,571,000,000	18,839,000,000	13,687,000,000	13,165,000,000	12,031,000,000	9,783,000,000	9,373,000,000	8,242,000,000	7,628,000,000	6,975,000,000	6,651,000,000	4,585,000,000	5,125,000,000	5,528,000,000	5,727,000,000	7,660,000,000	6,620,000,000	6,632,000,000	6,545,000,000	4,802,000,000	5,963,000,000	2,796,000,000	2,446,000,000	1,917,000,000	1,029,000,000	1,100,000,000	713,000,000
Net Cash from Operating Activities Margin	11.86%	12.16%	11.82%	10.89%	10.20%	9.95%	9.20%	12.42%	13.87%	9.29%	10.96%	14.26%	12.42%	12.17%	11.92%	10.34%	10.59%	9.91%	9.68%	9.33%	9.45%	6.74%	7.74%	7.75%	7.40%	9.69%	8.12%	9.07%	10.10%	8.24%	11.13%	6.11%	6.36%	6.34%	4.26%	5.63%	4.61%
Capital Expenditures (PPE)	-3,276,666,667	-2,971,800,000	-2,500,000,000	-2,097,333,333	-2,262,700,000	-2,520,320,000	-2,395,416,667	-3,485,000,000	-3,226,000,000	-3,119,000,000	-2,566,000,000	-2,463,000,000	-2,678,000,000	-2,442,000,000	-1,897,000,000	-1,621,000,000	-1,503,000,000	-1,442,000,000	-1,389,000,000	-1,312,000,000	-1,221,000,000	-1,096,000,000	-966,000,000	-1,847,000,000	-3,558,000,000	-3,542,000,000	-3,881,000,000	-3,948,000,000	-4,106,000,000	-2,749,000,000	-3,393,000,000	-3,558,000,000	-2,581,000,000	-2,320,000,000	-1,481,000,000	-1,194,400,000	-1,278,100,000
Capital Expenditures (PPE) Margin	-2.09%	-1.97%	-1.98%	-1.89%	-2.32%	-3.08%	-3.73%	-2.18%	-2.11%	-1.98%	-1.70%	-1.86%	-2.43%	-2.26%	-1.88%	-1.71%	-1.70%	-1.73%	-1.76%	-1.76%	-1.73%	-1.61%	-1.46%	-2.59%	-4.60%	-4.48%	-4.76%	-5.40%	-6.33%	-4.72%	-6.34%	-7.78%	-6.72%	-7.68%	-6.13%	-6.11%	-8.26%
Acquisitions (Net)	-6,386,000,000	-5,471,800,000	-2,942,000,000	-1,991,733,333	-1,409,400,000	-1,183,240,000	-989,400,000	-17,644,000,000	-1,514,000,000	0	-421,000,000	-7,780,000,000	0	-21,000,000	-374,000,000	0	-1,666,000,000	-200,000,000	-206,000,000	-170,000,000	36,000,000	84,000,000	178,000,000	0	8,324,000,000	-4,268,000,000	-2,546,000,000	-727,000,000	-215,000,000	-235,000,000	-190,000,000	-26,000,000	-101,000,000	0	0	0	0
Acquisitions (Net) Margin	-4.02%	-3.64%	-2.05%	-1.40%	-0.93%	-0.83%	-0.70%	-11.06%	-0.99%	0.00%	-0.28%	-5.89%	0.00%	-0.02%	-0.37%	0.00%	-1.88%	-0.24%	-0.26%	-0.23%	0.05%	0.12%	0.27%	0.00%	10.76%	-5.40%	-3.12%	-0.99%	-0.33%	-0.40%	-0.35%	-0.06%	-0.26%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0	0	0	0	-1,760,000,000	-2,478,240,000	-2,086,433,333	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-168,000,000	-168,000,000	-11,225,000,000	-5,409,000,000	-18,230,000,000	-25,890,000,000	-159,000,000	-583,000,000	-85,000,000	-39,000,000	-32,000,000	-2,000,000	-194,000,000	-409,000,000	0
Purchases of Investments Margin	0.00%	0.00%	0.00%	0.00%	-2.21%	-3.24%	-2.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.25%	-0.24%	-14.51%	-6.84%	-22.37%	-35.42%	-0.25%	-1.00%	-0.16%	-0.09%	-0.08%	-0.01%	-0.80%	-2.09%	0.00%
Sales / Maturities of Investments	0	0	14,400,000	33,333,333	1,845,600,000	2,547,280,000	2,147,993,333	0	0	0	0	0	0	0	0	0	144,000,000	323,000,000	0	0	0	33,000,000	33,000,000	139,000,000	10,899,000,000	5,434,000,000	19,907,000,000	25,990,000,000	219,000,000	506,000,000	25,000,000	30,000,000	30,000,000	4,000,000	599,000,000	67,900,000	56,900,000
Sales / Maturities of Investments Margin	0.00%	0.00%	0.02%	0.04%	2.31%	3.32%	2.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.39%	0.00%	0.00%	0.00%	0.05%	0.05%	0.19%	14.09%	6.88%	24.42%	35.56%	0.34%	0.87%	0.05%	0.07%	0.08%	0.01%	2.48%	0.35%	0.37%
Other Investing Activities	29,333,333	35,800,000	37,500,000	38,933,333	75,950,000	89,880,000	84,436,667	98,000,000	11,000,000	-21,000,000	18,000,000	73,000,000	25,000,000	47,000,000	43,000,000	38,000,000	43,000,000	48,000,000	88,000,000	50,000,000	56,000,000	-33,000,000	168,000,000	147,000,000	318,000,000	138,000,000	164,000,000	96,000,000	265,000,000	127,000,000	177,000,000	63,000,000	62,000,000	47,000,000	105,000,000	27,900,000	44,200,000
Other Investing Activities Margin	0.02%	0.02%	0.03%	0.04%	0.09%	0.12%	0.14%	0.06%	0.01%	-0.01%	0.01%	0.06%	0.02%	0.04%	0.04%	0.04%	0.05%	0.06%	0.11%	0.07%	0.08%	-0.05%	0.25%	0.21%	0.41%	0.17%	0.20%	0.13%	0.41%	0.22%	0.33%	0.14%	0.16%	0.16%	0.43%	0.14%	0.29%
Net Cash from Investing Activities	-9,633,333,333	-8,407,800,000	-5,390,100,000	-4,016,800,000	-3,510,550,000	-3,544,640,000	-3,238,820,000	-21,031,000,000	-4,729,000,000	-3,140,000,000	-2,969,000,000	-10,170,000,000	-2,653,000,000	-2,416,000,000	-2,228,000,000	-1,583,000,000	-2,982,000,000	-1,271,000,000	-1,507,000,000	-1,432,000,000	-1,129,000,000	-1,012,000,000	-755,000,000	-1,729,000,000	4,758,000,000	-7,647,000,000	-4,586,000,000	-4,479,000,000	-3,996,000,000	-2,934,000,000	-3,466,000,000	-3,530,000,000	-2,622,000,000	-2,271,000,000	-971,000,000	-1,507,600,000	-1,177,000,000
Net Cash from Investing Activities Margin	-6.09%	-5.59%	-3.98%	-3.22%	-3.05%	-3.70%	-4.21%	-13.18%	-3.10%	-1.99%	-1.96%	-7.70%	-2.41%	-2.23%	-2.21%	-1.67%	-3.37%	-1.53%	-1.91%	-1.92%	-1.60%	-1.49%	-1.14%	-2.43%	6.15%	-9.68%	-5.63%	-6.13%	-6.17%	-5.04%	-6.47%	-7.72%	-6.82%	-7.52%	-4.02%	-7.72%	-7.61%
Net Debt Issuance	4,310,000,000	3,899,800,000	3,310,500,000	2,678,200,000	2,373,250,000	1,939,080,000	1,663,973,333	8,790,000,000	724,000,000	3,416,000,000	2,482,000,000	4,087,000,000	1,985,000,000	2,037,000,000	3,298,000,000	2,274,000,000	4,012,000,000	2,232,000,000	3,933,000,000	-32,000,000	966,000,000	-31,000,000	-1,774,000,000	-2,045,000,000	1,714,000,000	7,526,000,000	1,871,000,000	485,000,000	-9,000,000	1,000,000	-222,000,000	757,000,000	262,000,000	238,000,000	-25,000,000	470,000,000	497,200,000
Net Debt Issuance Margin	2.72%	2.58%	2.68%	2.38%	2.21%	1.84%	1.77%	5.51%	0.47%	2.17%	1.64%	3.09%	1.80%	1.88%	3.27%	2.40%	4.53%	2.68%	4.99%	-0.04%	1.37%	-0.05%	-2.68%	-2.87%	2.22%	9.52%	2.30%	0.66%	-0.01%	0.00%	-0.41%	1.66%	0.68%	0.79%	-0.10%	2.41%	3.21%
Long-Term Debt Issuance	4,549,666,667	4,031,400,000	3,307,800,000	2,657,066,667	2,357,300,000	1,926,320,000	1,653,340,000	8,474,000,000	724,000,000	4,451,000,000	1,447,000,000	5,061,000,000	2,350,000,000	2,257,000,000	2,448,000,000	1,914,000,000	3,952,000,000	1,942,000,000	3,933,000,000	-32,000,000	966,000,000	-31,000,000	-1,774,000,000	-313,000,000	-20,000,000	8,426,000,000	971,000,000	485,000,000	-9,000,000	1,000,000	-222,000,000	757,000,000	262,000,000	238,000,000	-25,000,000	470,000,000	497,200,000
Long-Term Debt Issuance Margin	2.87%	2.68%	2.65%	2.34%	2.19%	1.83%	1.76%	5.31%	0.47%	2.83%	0.96%	3.83%	2.13%	2.09%	2.43%	2.02%	4.46%	2.33%	4.99%	-0.04%	1.37%	-0.05%	-2.68%	-0.44%	-0.03%	10.66%	1.19%	0.66%	-0.01%	0.00%	-0.41%	1.66%	0.68%	0.79%	-0.10%	2.41%	3.21%
Short-Term Debt Issuance	-239,666,667	-131,600,000	2,700,000	21,133,333	15,950,000	12,760,000	10,633,333	316,000,000	0	-1,035,000,000	1,035,000,000	-974,000,000	-365,000,000	-220,000,000	850,000,000	360,000,000	60,000,000	290,000,000	0	0	0	0	0	-1,732,000,000	1,734,000,000	-900,000,000	900,000,000	0	0	0	0	0	0	0	0	0	0
Short-Term Debt Issuance Margin	-0.15%	-0.10%	0.02%	0.04%	0.02%	0.01%	0.01%	0.20%	0.00%	-0.66%	0.68%	-0.74%	-0.33%	-0.20%	0.84%	0.38%	0.07%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.43%	2.24%	-1.14%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-4,879,000,000	-5,982,200,000	-6,797,500,000	-6,159,266,667	-5,599,150,000	-4,680,360,000	-3,876,016,667	-254,000,000	-7,951,000,000	-6,432,000,000	-14,809,000,000	-465,000,000	-6,685,000,000	-9,727,000,000	-8,000,000,000	-6,880,000,000	-6,772,000,000	-7,000,000,000	-8,546,000,000	-3,200,000,000	-3,164,000,000	-2,504,000,000	-140,000,000	14,000,000	-10,539,000,000	-6,303,000,000	-2,626,000,000	-2,821,000,000	-1,327,000,000	-1,674,000,000	445,000,000	351,000,000	267,000,000	167,000,000	122,000,000	104,000,000	68,500,000
Net Stock Issuance Margin	-3.15%	-3.92%	-5.75%	-5.95%	-5.71%	-4.86%	-3.96%	-0.16%	-5.21%	-4.09%	-9.80%	-0.35%	-6.06%	-8.99%	-7.93%	-7.27%	-7.65%	-8.42%	-10.84%	-4.28%	-4.49%	-3.68%	-0.21%	0.02%	-13.63%	-7.98%	-3.22%	-3.86%	-2.05%	-2.87%	0.83%	0.77%	0.69%	0.55%	0.51%	0.53%	0.44%
Common Stock Issuance	327,333,333	329,000,000	286,200,000	303,266,667	288,850,000	296,440,000	271,316,667	395,000,000	323,000,000	264,000,000	337,000,000	326,000,000	280,000,000	236,000,000	255,000,000	218,000,000	228,000,000	252,000,000	241,000,000	784,000,000	306,000,000	104,000,000	73,000,000	84,000,000	276,000,000	381,000,000	414,000,000	285,000,000	227,000,000	326,000,000	445,000,000	351,000,000	267,000,000	167,000,000	122,000,000	104,000,000	68,500,000
Common Stock Issuance Margin	0.21%	0.22%	0.23%	0.30%	0.31%	0.36%	0.39%	0.25%	0.21%	0.17%	0.22%	0.25%	0.25%	0.22%	0.25%	0.23%	0.26%	0.30%	0.31%	1.05%	0.43%	0.15%	0.11%	0.12%	0.36%	0.48%	0.51%	0.39%	0.35%	0.56%	0.83%	0.77%	0.69%	0.55%	0.51%	0.53%	0.44%
Common Stock Repurchased	-5,098,666,667	-6,179,200,000	-6,970,400,000	-6,354,133,333	-5,806,700,000	-4,911,760,000	-4,093,133,333	-649,000,000	-7,951,000,000	-6,696,000,000	-14,809,000,000	-791,000,000	-6,965,000,000	-9,963,000,000	-8,000,000,000	-6,880,000,000	-7,000,000,000	-7,000,000,000	-8,546,000,000	-3,984,000,000	-3,470,000,000	-2,608,000,000	-213,000,000	-70,000,000	-10,815,000,000	-6,684,000,000	-3,040,000,000	-3,106,000,000	-1,554,000,000	-2,000,000,000	0	0	0	0	0	0	0
Common Stock Repurchased Margin	-3.29%	-4.05%	-5.89%	-6.15%	-5.94%	-5.16%	-4.30%	-0.41%	-5.21%	-4.25%	-9.80%	-0.60%	-6.32%	-9.21%	-7.93%	-7.27%	-7.91%	-8.42%	-10.84%	-5.33%	-4.93%	-3.84%	-0.32%	-0.10%	-13.98%	-8.46%	-3.73%	-4.25%	-2.40%	-3.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	-107,666,667	-132,000,000	-113,300,000	-108,400,000	-81,300,000	-65,040,000	-54,200,000	0	-323,000,000	0	-337,000,000	0	0	0	-255,000,000	-218,000,000	0	-252,000,000	-241,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Issuance Margin	-0.07%	-0.09%	-0.09%	-0.10%	-0.08%	-0.06%	-0.05%	0.00%	-0.21%	0.00%	-0.22%	0.00%	0.00%	0.00%	-0.25%	-0.23%	0.00%	-0.30%	-0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	-8,367,000,000	-7,707,400,000	-5,984,600,000	-4,637,533,333	-3,828,500,000	-3,165,720,000	-2,663,490,000	-8,929,000,000	-8,383,000,000	-7,789,000,000	-6,985,000,000	-6,451,000,000	-5,958,000,000	-4,704,000,000	-4,212,000,000	-3,404,000,000	-3,031,000,000	-2,530,000,000	-2,243,000,000	-1,743,000,000	-1,632,000,000	-1,569,000,000	-1,525,000,000	-1,521,000,000	-1,709,000,000	-1,395,000,000	-857,000,000	-719,000,000	-595,000,000	-492,000,000	-396,000,000	-371,000,000	-255,000,000	-168,000,000	-139,000,000	-110,000,000	-89,700,000
Net Dividends Paid Margin	-5.35%	-5.11%	-4.65%	-3.96%	-3.44%	-2.92%	-2.53%	-5.60%	-5.49%	-4.95%	-4.62%	-4.88%	-5.41%	-4.35%	-4.17%	-3.60%	-3.42%	-3.04%	-2.85%	-2.33%	-2.32%	-2.31%	-2.30%	-2.13%	-2.21%	-1.77%	-1.05%	-0.98%	-0.92%	-0.84%	-0.74%	-0.81%	-0.66%	-0.56%	-0.58%	-0.56%	-0.58%
Common Dividends Paid	-8,367,000,000	-7,707,400,000	-5,984,600,000	-4,637,533,333	-3,758,750,000	-3,109,920,000	-2,616,990,000	-8,929,000,000	-8,383,000,000	-7,789,000,000	-6,985,000,000	-6,451,000,000	-5,958,000,000	-4,704,000,000	-4,212,000,000	-3,404,000,000	-3,031,000,000	-2,530,000,000	-2,243,000,000	-1,743,000,000	-1,632,000,000	-1,569,000,000	-1,525,000,000	-1,521,000,000	-1,709,000,000	0	-857,000,000	-719,000,000	-595,000,000	-492,000,000	-396,000,000	-371,000,000	-255,000,000	-168,000,000	-139,000,000	-110,000,000	-89,700,000
Common Dividends Paid Margin	-5.35%	-5.11%	-4.65%	-3.96%	-3.35%	-2.85%	-2.48%	-5.60%	-5.49%	-4.95%	-4.62%	-4.88%	-5.41%	-4.35%	-4.17%	-3.60%	-3.42%	-3.04%	-2.85%	-2.33%	-2.32%	-2.31%	-2.30%	-2.13%	-2.21%	0.00%	-1.05%	-0.98%	-0.92%	-0.84%	-0.74%	-0.81%	-0.66%	-0.56%	-0.58%	-0.56%	-0.58%
Preferred Dividends Paid	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
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	-107,333,333	-56,800,000	-42,500,000	-41,200,000	-54,100,000	-32,400,000	-23,540,000	-301,000,000	167,000,000	-188,000,000	192,000,000	-154,000,000	-176,000,000	-153,000,000	44,000,000	140,000,000	4,000,000	227,000,000	204,000,000	-59,000,000	-218,000,000	-347,000,000	-64,000,000	-128,000,000	-105,000,000	-31,000,000	-136,000,000	272,000,000	0	0	0	0	7,000,000	11,000,000	10,000,000	36,100,000	39,700,000
Other Financing Activities Margin	-0.07%	-0.04%	-0.03%	-0.04%	-0.06%	-0.04%	-0.01%	-0.19%	0.11%	-0.12%	0.13%	-0.12%	-0.16%	-0.14%	0.04%	0.15%	0.00%	0.27%	0.26%	-0.08%	-0.31%	-0.51%	-0.10%	-0.18%	-0.14%	-0.04%	-0.17%	0.37%	0.00%	0.00%	0.00%	0.00%	0.02%	0.04%	0.04%	0.18%	0.26%
Net Cash from Financing Activities	-9,043,333,333	-9,846,600,000	-9,514,100,000	-8,159,800,000	-7,108,500,000	-5,939,400,000	-4,899,073,333	-694,000,000	-15,443,000,000	-10,993,000,000	-19,120,000,000	-2,983,000,000	-10,834,000,000	-12,547,000,000	-8,870,000,000	-7,870,000,000	-5,787,000,000	-7,071,000,000	-6,652,000,000	-5,034,000,000	-4,048,000,000	-4,451,000,000	-3,503,000,000	-3,680,000,000	-10,639,000,000	-203,000,000	-1,748,000,000	-2,783,000,000	-1,931,000,000	-2,165,000,000	-173,000,000	737,000,000	281,000,000	248,000,000	-32,000,000	500,100,000	515,700,000
Net Cash from Financing Activities Margin	-5.84%	-6.49%	-7.75%	-7.57%	-7.00%	-5.97%	-4.73%	-0.44%	-10.12%	-6.98%	-12.65%	-2.26%	-9.83%	-11.60%	-8.79%	-8.32%	-6.54%	-8.50%	-8.44%	-6.73%	-5.75%	-6.55%	-5.29%	-5.16%	-13.75%	-0.26%	-2.14%	-3.81%	-2.98%	-3.72%	-0.32%	1.61%	0.73%	0.82%	-0.13%	2.56%	3.33%
Effect of FX on Cash	-83,666,667	-41,800,000	-10,400,000	-18,400,000	-14,500,000	-9,880,000	-8,313,333	-186,000,000	3,000,000	-68,000,000	-34,000,000	76,000,000	119,000,000	-19,000,000	124,000,000	-8,000,000	-111,000,000	-106,000,000	-34,000,000	-2,000,000	-32,000,000	2,000,000	35,000,000	-45,000,000	-1,000,000	-4,000,000	1,000,000	33,000,000	20,000,000	8,000,000	-14,000,000	-4,000,000	1,000,000	-4,000,000	0	200,000	400,000
Effect of FX on Cash Margin	-0.05%	-0.02%	0.00%	-0.02%	-0.01%	-0.01%	-0.01%	-0.12%	0.00%	-0.04%	-0.02%	0.06%	0.11%	-0.02%	0.12%	-0.01%	-0.13%	-0.13%	-0.04%	0.00%	-0.05%	0.00%	0.05%	-0.06%	0.00%	-0.01%	0.00%	0.05%	0.03%	0.01%	-0.03%	-0.01%	0.00%	-0.01%	0.00%	0.00%	0.00%
Net Change in Cash	-228,000,000	-94,800,000	-6,400,000	15,866,667	57,600,000	128,520,000	112,663,333	-2,101,000,000	1,003,000,000	414,000,000	-5,552,000,000	5,762,000,000	355,000,000	-1,817,000,000	1,057,000,000	322,000,000	493,000,000	-206,000,000	-565,000,000	507,000,000	1,442,000,000	-876,000,000	902,000,000	74,000,000	-155,000,000	-194,000,000	287,000,000	-597,000,000	638,000,000	-289,000,000	2,310,000,000	-1,000,000	106,000,000	-110,000,000	26,000,000	92,800,000	52,100,000
Net Change in Cash Margin	-0.13%	0.06%	0.09%	0.09%	0.14%	0.27%	0.25%	-1.32%	0.66%	0.26%	-3.67%	4.36%	0.32%	-1.68%	1.05%	0.34%	0.56%	-0.25%	-0.72%	0.68%	2.05%	-1.29%	1.36%	0.10%	-0.20%	-0.25%	0.35%	-0.82%	0.98%	-0.50%	4.31%	0.00%	0.28%	-0.36%	0.11%	0.48%	0.34%
Cash at Beginning of Period	2,953,333,333	3,777,600,000	3,073,800,000	2,607,600,000	2,098,850,000	1,923,200,000	1,617,150,000	3,760,000,000	2,757,000,000	2,343,000,000	7,895,000,000	2,133,000,000	1,778,000,000	3,595,000,000	2,538,000,000	2,216,000,000	1,723,000,000	1,929,000,000	2,494,000,000	1,987,000,000	545,000,000	1,421,000,000	519,000,000	445,000,000	600,000,000	793,000,000	506,000,000	1,103,000,000	2,188,000,000	2,477,000,000	167,000,000	168,000,000	62,000,000	172,000,000	146,000,000	53,300,000	1,200,000
Cash at Beginning of Period Margin	1.88%	2.50%	2.42%	2.35%	1.95%	1.95%	1.68%	2.36%	1.81%	1.49%	5.22%	1.61%	1.61%	3.32%	2.52%	2.34%	1.95%	2.32%	3.16%	2.66%	0.77%	2.09%	0.78%	0.62%	0.78%	1.00%	0.62%	1.51%	3.38%	4.25%	0.31%	0.37%	0.16%	0.57%	0.60%	0.27%	0.01%
Cash at End of Period	2,725,333,333	3,682,800,000	3,067,400,000	2,623,466,667	2,156,500,000	2,051,760,000	1,729,846,667	1,659,000,000	3,760,000,000	2,757,000,000	2,343,000,000	7,895,000,000	2,133,000,000	1,778,000,000	3,595,000,000	2,538,000,000	2,216,000,000	1,723,000,000	1,929,000,000	2,494,000,000	1,987,000,000	545,000,000	1,421,000,000	519,000,000	445,000,000	600,000,000	793,000,000	506,000,000	2,826,000,000	2,188,000,000	2,477,000,000	167,000,000	168,000,000	62,000,000	172,000,000	146,100,000	53,300,000
Cash at End of Period Margin	1.75%	2.56%	2.51%	2.44%	2.09%	2.22%	1.93%	1.04%	2.46%	1.75%	1.55%	5.98%	1.94%	1.64%	3.56%	2.68%	2.50%	2.07%	2.45%	3.34%	2.82%	0.80%	2.15%	0.73%	0.58%	0.76%	0.97%	0.69%	4.36%	3.76%	4.63%	0.37%	0.44%	0.21%	0.71%	0.75%	0.34%
Operating Cash Flow	18,532,333,333	18,201,400,000	14,908,200,000	12,210,866,667	10,691,200,000	9,633,360,000	8,267,970,000	19,810,000,000	21,172,000,000	14,615,000,000	16,571,000,000	18,839,000,000	13,723,000,000	13,165,000,000	12,031,000,000	9,783,000,000	9,373,000,000	8,242,000,000	7,628,000,000	6,975,000,000	6,651,000,000	4,585,000,000	5,125,000,000	5,528,000,000	5,727,000,000	7,661,000,000	6,620,000,000	6,904,000,000	6,545,000,000	4,802,000,000	5,963,000,000	2,796,000,000	2,446,000,000	1,917,000,000	1,029,000,000	1,100,100,000	713,000,000
Operating Cash Flow Margin	11.86%	12.16%	11.83%	10.89%	10.20%	9.97%	9.21%	12.42%	13.87%	9.29%	10.96%	14.26%	12.45%	12.17%	11.92%	10.34%	10.59%	9.91%	9.68%	9.33%	9.45%	6.74%	7.74%	7.75%	7.40%	9.69%	8.12%	9.45%	10.10%	8.24%	11.13%	6.11%	6.36%	6.34%	4.26%	5.63%	4.61%
Capital Expenditure	-3,276,666,667	-2,971,800,000	-2,500,000,000	-2,097,333,333	-2,262,700,000	-2,520,320,000	-2,395,416,667	-3,485,000,000	-3,226,000,000	-3,119,000,000	-2,566,000,000	-2,463,000,000	-2,678,000,000	-2,442,000,000	-1,897,000,000	-1,621,000,000	-1,503,000,000	-1,442,000,000	-1,389,000,000	-1,312,000,000	-1,221,000,000	-1,096,000,000	-966,000,000	-1,847,000,000	-3,558,000,000	-3,542,000,000	-3,881,000,000	-3,948,000,000	-4,106,000,000	-2,749,000,000	-3,393,000,000	-3,558,000,000	-2,581,000,000	-2,320,000,000	-1,481,000,000	-1,194,400,000	-1,278,100,000
Capital Expenditure Margin	-2.09%	-1.97%	-1.98%	-1.89%	-2.32%	-3.08%	-3.73%	-2.18%	-2.11%	-1.98%	-1.70%	-1.86%	-2.43%	-2.26%	-1.88%	-1.71%	-1.70%	-1.73%	-1.76%	-1.76%	-1.73%	-1.61%	-1.46%	-2.59%	-4.60%	-4.48%	-4.76%	-5.40%	-6.33%	-4.72%	-6.34%	-7.78%	-6.72%	-7.68%	-6.13%	-6.11%	-8.26%
Free Cash Flow	15,255,666,667	15,229,600,000	12,408,200,000	10,113,533,333	8,428,500,000	7,113,040,000	5,872,553,333	16,325,000,000	17,946,000,000	11,496,000,000	14,005,000,000	16,376,000,000	11,045,000,000	10,723,000,000	10,134,000,000	8,162,000,000	7,870,000,000	6,800,000,000	6,239,000,000	5,663,000,000	5,430,000,000	3,489,000,000	4,159,000,000	3,681,000,000	2,169,000,000	4,119,000,000	2,739,000,000	2,956,000,000	2,439,000,000	2,053,000,000	2,570,000,000	-762,000,000	-135,000,000	-403,000,000	-452,000,000	-94,300,000	-565,100,000
Free Cash Flow Margin	9.76%	10.19%	9.84%	9.00%	7.89%	6.89%	5.49%	10.23%	11.75%	7.30%	9.27%	12.40%	10.02%	9.91%	10.04%	8.63%	8.89%	8.18%	7.92%	7.58%	7.71%	5.13%	6.28%	5.16%	2.80%	5.21%	3.36%	4.04%	3.76%	3.52%	4.80%	-1.67%	-0.35%	-1.33%	-1.87%	-0.48%	-3.65%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Revenue	156,528,666,667	150,570,600,000	125,529,900,000	108,695,533,333	100,288,950,000	92,049,080,000	80,968,063,333	159,514,000,000	152,669,000,000	157,403,000,000	151,157,000,000	132,110,000,000	110,225,000,000	108,203,000,000	100,904,000,000	94,595,000,000	88,519,000,000	83,176,000,000	78,812,000,000	74,754,000,000	70,395,000,000	67,997,000,000	66,176,000,000	71,288,000,000	77,349,000,000	79,022,000,000	81,511,000,000	73,094,000,000	64,816,000,000	58,247,000,000	53,553,000,000	45,738,000,000	38,434,000,000	30,219,000,000	24,156,000,000	19,535,500,000	15,470,400,000
EBITDA	25,872,666,667	24,881,600,000	20,660,500,000	17,036,400,000	14,956,550,000	13,340,760,000	11,540,436,667	25,435,000,000	25,114,000,000	27,069,000,000	25,946,000,000	20,844,000,000	18,212,000,000	17,929,000,000	16,817,000,000	15,436,000,000	13,803,000,000	12,592,000,000	10,935,000,000	9,537,000,000	8,356,000,000	7,521,000,000	6,464,000,000	6,116,000,000	9,222,000,000	10,779,000,000	11,004,000,000	9,245,000,000	7,922,000,000	6,733,000,000	5,696,000,000	4,792,000,000	4,258,000,000	3,034,000,000	2,283,000,000	1,758,000,000	1,361,100,000
EBITDA Margin	16.53%	16.51%	16.42%	15.26%	14.32%	13.75%	13.07%	15.95%	16.45%	17.20%	17.16%	15.78%	16.52%	16.57%	16.67%	16.32%	15.59%	15.14%	13.87%	12.76%	11.87%	11.06%	9.77%	8.58%	11.92%	13.64%	13.50%	12.65%	12.22%	11.56%	10.64%	10.48%	11.08%	10.04%	9.45%	9.00%	8.80%
(-) Tax Adjustment	6,175,001,374	5,980,872,465	5,528,338,279	4,877,545,847	4,454,710,304	4,080,960,654	3,565,791,116	6,029,114,707	6,026,402,028	6,469,487,387	6,331,029,305	5,048,328,896	4,298,353,789	4,230,977,947	6,221,970,799	5,602,980,066	5,024,737,864	4,583,154,771	3,980,355,498	3,547,484,005	3,008,876,071	2,759,934,572	2,210,941,236	2,177,227,855	3,357,253,776	4,102,663,373	4,082,932,127	3,401,440,217	2,939,347,947	2,531,754,768	2,198,194,069	1,859,073,275	1,661,112,513	1,188,907,310	887,699,684	683,863,947	528,133,674
(-) Tax Adjustment Margin	3.95%	3.97%	4.54%	4.60%	4.50%	4.47%	4.35%	3.78%	3.95%	4.11%	4.19%	3.82%	3.90%	3.91%	6.17%	5.92%	5.68%	5.51%	5.05%	4.75%	4.27%	4.06%	3.34%	3.05%	4.34%	5.19%	5.01%	4.65%	4.53%	4.35%	4.10%	4.06%	4.32%	3.93%	3.67%	3.50%	3.41%
(-) Change In Working Capital	-1,106,666,667	-723,200,000	-380,700,000	-180,866,667	97,450,000	168,320,000	100,410,000	694,000,000	2,088,000,000	-6,102,000,000	-3,319,000,000	3,023,000,000	-286,000,000	-534,000,000	646,000,000	-418,000,000	401,000,000	209,000,000	258,000,000	441,000,000	871,000,000	-685,000,000	5,419,000,000	447,000,000	-433,000,000	-330,000,000	-441,000,000	-132,000,000	560,000,000	62,000,000	2,155,000,000	-386,000,000	-337,000,000	-131,000,000	-386,000,000	-124,000,000	-217,700,000
(-) Change In Working Capital Margin	-0.69%	-0.40%	-0.21%	-0.05%	0.33%	0.42%	0.19%	0.44%	1.37%	-3.88%	-2.20%	2.29%	-0.26%	-0.49%	0.64%	-0.44%	0.45%	0.25%	0.33%	0.59%	1.24%	-1.01%	8.19%	0.63%	-0.56%	-0.42%	-0.54%	-0.18%	0.86%	0.11%	4.02%	-0.84%	-0.88%	-0.43%	-1.60%	-0.63%	-1.41%
(-) Capital Expenditure	-3,276,666,667	-2,971,800,000	-2,500,000,000	-2,097,333,333	-2,262,700,000	-2,520,320,000	-2,395,416,667	-3,485,000,000	-3,226,000,000	-3,119,000,000	-2,566,000,000	-2,463,000,000	-2,678,000,000	-2,442,000,000	-1,897,000,000	-1,621,000,000	-1,503,000,000	-1,442,000,000	-1,389,000,000	-1,312,000,000	-1,221,000,000	-1,096,000,000	-966,000,000	-1,847,000,000	-3,558,000,000	-3,542,000,000	-3,881,000,000	-3,948,000,000	-4,106,000,000	-2,749,000,000	-3,393,000,000	-3,558,000,000	-2,581,000,000	-2,320,000,000	-1,481,000,000	-1,194,400,000	-1,278,100,000
(-) Capital Expenditure Margin	-2.09%	-1.97%	-1.98%	-1.89%	-2.32%	-3.08%	-3.73%	-2.18%	-2.11%	-1.98%	-1.70%	-1.86%	-2.43%	-2.26%	-1.88%	-1.71%	-1.70%	-1.73%	-1.76%	-1.76%	-1.73%	-1.61%	-1.46%	-2.59%	-4.60%	-4.48%	-4.76%	-5.40%	-6.33%	-4.72%	-6.34%	-7.78%	-6.72%	-7.68%	-6.13%	-6.11%	-8.26%
Unlevered Free Cash Flow	17,527,665,293	16,652,127,535	13,012,861,721	10,242,387,486	8,141,689,696	6,571,159,346	5,478,818,884	15,226,885,293	13,773,597,972	23,582,512,613	20,367,970,695	10,309,671,104	11,521,646,211	11,790,022,053	8,052,029,201	8,630,019,934	6,874,262,136	6,357,845,229	5,307,644,502	4,236,515,995	3,255,123,929	4,350,065,428	-2,131,941,236	1,644,772,145	2,739,746,224	3,464,336,627	3,481,067,873	2,027,559,783	316,652,053	1,390,245,232	-2,050,194,069	-239,073,275	352,887,487	-343,907,310	300,300,316	3,736,053	-227,433,674
Unlevered Free Cash Flow Margin	11.18%	10.97%	10.10%	8.81%	7.17%	5.79%	4.81%	9.55%	9.02%	14.98%	13.47%	7.80%	10.45%	10.90%	7.98%	9.12%	7.77%	7.64%	6.73%	5.67%	4.62%	6.40%	-3.22%	2.31%	3.54%	4.38%	4.27%	2.77%	0.49%	2.39%	-3.83%	-0.52%	0.92%	-1.14%	1.24%	0.02%	-1.47%
(-) Net Interest Income After Taxes	-1,382,541,514	-1,223,565,543	-940,596,779	-750,261,910	-634,700,074	-508,189,498	-426,037,081	-1,617,475,008	-1,341,467,326	-1,188,682,208	-985,057,690	-985,145,482	-861,772,069	-731,926,216	-619,308,658	-596,249,460	-478,883,677	-313,561,047	-444,563,009	-384,353,968	-379,469,183	-326,013,654	-432,938,222	-390,270,752	-395,561,934	-209,351,682	-11,950,226	-8,849,090	-1,886,892	0	0	0	0	-4,256,971	-72,118,019	0	0
(-) Net Interest Income After Taxes Margin	-0.88%	-0.81%	-0.73%	-0.65%	-0.59%	-0.47%	-0.40%	-1.01%	-0.88%	-0.76%	-0.65%	-0.75%	-0.78%	-0.68%	-0.61%	-0.63%	-0.54%	-0.38%	-0.56%	-0.51%	-0.54%	-0.48%	-0.65%	-0.55%	-0.51%	-0.26%	-0.01%	-0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	-0.30%	0.00%	0.00%
Net Debt Issuance	4,310,000,000	3,899,800,000	3,310,500,000	2,678,200,000	2,373,250,000	1,939,080,000	1,663,973,333	8,790,000,000	724,000,000	3,416,000,000	2,482,000,000	4,087,000,000	1,985,000,000	2,037,000,000	3,298,000,000	2,274,000,000	4,012,000,000	2,232,000,000	3,933,000,000	-32,000,000	966,000,000	-31,000,000	-1,774,000,000	-2,045,000,000	1,714,000,000	7,526,000,000	1,871,000,000	485,000,000	-9,000,000	1,000,000	-222,000,000	757,000,000	262,000,000	238,000,000	-25,000,000	470,000,000	497,200,000
Net Debt Issuance Margin	2.72%	2.58%	2.68%	2.38%	2.21%	1.84%	1.77%	5.51%	0.47%	2.17%	1.64%	3.09%	1.80%	1.88%	3.27%	2.40%	4.53%	2.68%	4.99%	-0.04%	1.37%	-0.05%	-2.68%	-2.87%	2.22%	9.52%	2.30%	0.66%	-0.01%	0.00%	-0.41%	1.66%	0.68%	0.79%	-0.10%	2.41%	3.21%
Levered Free Cash Flow	23,220,206,807	21,775,493,078	17,263,958,501	13,670,849,397	11,149,639,770	9,018,428,844	7,568,829,299	25,634,360,301	15,839,065,298	28,187,194,821	23,835,028,385	15,381,816,586	14,368,418,281	14,558,948,269	11,969,337,860	11,500,269,394	11,365,145,813	8,903,406,275	9,685,207,512	4,588,869,963	4,600,593,111	4,645,079,082	-3,473,003,014	-9,957,103	4,849,308,157	11,199,688,309	5,364,018,100	2,521,408,873	309,538,945	1,391,245,232	-2,272,194,069	517,926,725	614,887,487	-101,650,339	347,418,335	473,736,053	269,766,326
Levered Free Cash Flow Margin	14.78%	14.35%	13.51%	11.84%	9.97%	8.10%	6.98%	16.07%	10.37%	17.91%	15.77%	11.64%	13.04%	13.46%	11.86%	12.16%	12.84%	10.70%	12.29%	6.14%	6.54%	6.83%	-5.25%	-0.01%	6.27%	14.17%	6.58%	3.45%	0.48%	2.39%	-4.24%	1.13%	1.60%	-0.34%	1.44%	2.43%	1.74%