National Fuel Gas Company (NFG)

Analysis: Margins & Ratios Industry: Oil & Gas Integrated Sector: Energy Live Price: $81.21

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Revenue	2,132,040,667	2,064,965,400	1,818,941,500	1,819,910,333	1,889,515,150	1,880,198,000	1,780,081,333	2,267,668,000	1,944,810,000	2,277,541,000	1,944,810,000	2,173,771,000	2,186,046,000	1,742,659,000	1,546,291,000	1,693,332,000	1,592,668,000	1,579,881,000	1,452,416,000	1,760,913,000	2,113,081,000	1,829,551,000	1,626,853,000	1,778,842,000	1,760,503,000	2,051,543,000	2,400,361,000	2,039,566,000	2,239,675,000	1,860,774,000	1,907,968,000	1,921,573,000	1,464,496,000	2,059,836,000	1,412,416,000	1,263,274,000	1,248,000,000	1,265,800,000	1,208,000,000
Cost of Revenue	1,074,778,667	1,098,071,200	1,029,016,100	1,098,171,933	1,082,451,350	1,043,711,960	952,825,833	1,098,487,000	1,127,106,000	771,306,000	1,127,106,000	1,325,924,000	1,283,084,000	982,936,000	978,595,000	1,092,637,000	988,552,000	901,108,000	838,913,000	1,156,145,000	1,452,697,000	1,229,282,000	1,088,516,000	1,255,778,000	658,432,000	997,216,000	1,235,157,000	1,018,081,000	1,267,562,000	959,827,000	949,452,000	963,567,000	513,492,000	1,057,434,000	543,276,000	461,700,000	479,300,000	530,100,000	477,600,000
Cost of Revenue Margin	50.94%	53.58%	57.26%	60.78%	57.78%	55.74%	52.95%	48.44%	57.95%	33.87%	57.95%	61.00%	58.69%	56.40%	63.29%	64.53%	62.07%	57.04%	57.76%	65.66%	68.75%	67.19%	66.91%	70.60%	37.40%	48.61%	51.46%	49.92%	56.60%	51.58%	49.76%	50.14%	35.06%	51.34%	38.46%	36.55%	38.41%	41.88%	39.54%
Gross Profit	1,057,262,000	966,894,200	789,925,400	721,738,400	807,063,800	836,486,040	827,255,500	1,169,181,000	817,704,000	1,506,235,000	817,704,000	847,847,000	902,962,000	759,723,000	567,696,000	600,695,000	604,116,000	678,773,000	613,503,000	604,768,000	660,384,000	600,269,000	538,337,000	523,064,000	1,102,071,000	1,054,327,000	1,165,204,000	1,021,485,000	972,113,000	900,947,000	958,516,000	958,006,000	951,004,000	1,002,402,000	869,140,000	801,574,000	768,700,000	735,700,000	730,400,000
Gross Profit Margin	49.06%	46.42%	42.74%	39.22%	42.22%	44.26%	47.05%	51.56%	42.05%	66.13%	42.05%	39.00%	41.31%	43.60%	36.71%	35.47%	37.93%	42.96%	42.24%	34.34%	31.25%	32.81%	33.09%	29.40%	62.60%	51.39%	48.54%	50.08%	43.40%	48.42%	50.24%	49.86%	64.94%	48.66%	61.54%	63.45%	61.59%	58.12%	60.46%
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	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
SG&A 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%
Operating Expenses	464,485,333	320,340,200	342,783,400	332,599,133	419,894,800	466,459,000	481,456,867	355,721,000	607,981,000	692,776,000	607,980,000	92,700,000	88,446,000	119,799,000	537,838,000	88,886,000	84,393,000	84,995,000	1,030,021,000	1,215,821,000	90,711,000	82,431,000	90,288,000	81,902,000	661,620,000	826,733,000	679,079,000	624,987,000	616,490,000	616,918,000	625,393,000	555,378,000	662,147,000	803,743,000	571,431,000	544,700,000	660,700,000	498,700,000	506,700,000
Operating Expenses Margin	21.98%	15.37%	19.85%	19.10%	22.54%	25.20%	28.26%	15.69%	31.26%	30.42%	31.26%	4.26%	4.05%	6.87%	34.78%	5.25%	5.30%	5.38%	70.92%	69.04%	4.29%	4.51%	5.55%	4.60%	37.58%	40.30%	28.29%	30.64%	27.53%	33.15%	32.78%	28.90%	45.21%	39.02%	40.46%	43.12%	52.94%	39.40%	41.95%
Operating Income (EBIT)	592,776,667	646,554,000	447,142,000	389,139,267	387,169,000	370,027,040	345,798,633	813,460,000	209,723,000	813,459,000	209,724,000	755,147,000	814,516,000	639,924,000	29,858,000	511,809,000	519,723,000	593,778,000	-416,518,000	-611,053,000	569,673,000	517,838,000	448,049,000	441,162,000	440,451,000	227,594,000	486,125,000	396,498,000	355,623,000	284,029,000	333,123,000	402,628,000	288,857,000	198,659,000	297,709,000	256,874,000	108,000,000	237,000,000	223,700,000
Operating Income (EBIT) Margin	27.08%	31.04%	22.89%	20.12%	19.68%	19.06%	18.80%	35.87%	10.78%	35.72%	10.78%	34.74%	37.26%	36.72%	1.93%	30.22%	32.63%	37.58%	-28.68%	-34.70%	26.96%	28.30%	27.54%	24.80%	25.02%	11.09%	20.25%	19.44%	15.88%	15.26%	17.46%	20.95%	19.72%	9.64%	21.08%	20.33%	8.65%	18.72%	18.52%
Interest Income	0	0	423,500	1,551,133	2,179,350	1,743,480	1,452,900	0	0	0	0	0	0	0	0	0	0	0	4,235,000	3,922,000	4,170,000	4,335,000	3,689,000	2,916,000	3,729,000	5,776,000	10,815,000	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income Margin	0.00%	0.00%	0.03%	0.09%	0.11%	0.09%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.29%	0.22%	0.20%	0.24%	0.23%	0.16%	0.21%	0.28%	0.45%	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	142,138,333	140,625,800	128,236,500	115,639,000	99,464,450	79,571,560	66,309,633	155,834,000	138,695,000	155,834,000	138,695,000	131,886,000	130,357,000	146,357,000	117,077,000	106,756,000	114,522,000	119,837,000	121,044,000	99,471,000	94,277,000	94,111,000	86,240,000	78,121,000	93,946,000	86,789,000	73,969,000	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Margin	6.68%	6.88%	7.14%	6.42%	5.45%	4.36%	3.63%	6.87%	7.13%	6.84%	7.13%	6.07%	5.96%	8.40%	7.57%	6.30%	7.19%	7.59%	8.33%	5.65%	4.46%	5.14%	5.30%	4.39%	5.34%	4.23%	3.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	-142,138,333	-140,625,800	-127,813,000	-114,087,867	-97,285,100	-77,828,080	-64,856,733	-155,834,000	-138,695,000	-155,834,000	-138,695,000	-131,886,000	-130,357,000	-146,357,000	-117,077,000	-106,756,000	-114,522,000	-119,837,000	-116,809,000	-95,549,000	-90,107,000	-89,776,000	-82,551,000	-75,205,000	-90,217,000	-81,013,000	-63,154,000	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income Margin	-6.68%	-6.88%	-7.11%	-6.33%	-5.34%	-4.27%	-3.56%	-6.87%	-7.13%	-6.84%	-7.13%	-6.07%	-5.96%	-8.40%	-7.57%	-6.30%	-7.19%	-7.59%	-8.04%	-5.43%	-4.26%	-4.91%	-5.07%	-4.23%	-5.12%	-3.95%	-2.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	260,679,333	270,442,600	257,670,200	223,928,133	196,420,600	173,712,880	155,711,000	275,241,000	261,163,000	275,240,000	261,164,000	245,634,000	262,223,000	307,952,000	251,968,000	229,054,000	250,218,000	269,451,000	223,798,000	183,059,000	170,753,000	174,855,000	159,969,000	93,584,000	174,308,000	156,779,000	112,629,000	63,010,000	62,764,000	37,536,000	84,268,000	97,411,000	99,141,000	96,054,000	93,434,000	77,074,000	51,700,000	53,600,000	52,700,000
Unusual Items Margin	12.27%	13.30%	14.45%	12.51%	10.79%	9.55%	8.80%	12.14%	13.43%	12.08%	13.43%	11.30%	12.00%	17.67%	16.29%	13.53%	15.71%	17.06%	15.41%	10.40%	8.08%	9.56%	9.83%	5.26%	9.90%	7.64%	4.69%	3.09%	2.80%	2.02%	4.42%	5.07%	6.77%	4.66%	6.62%	6.10%	4.14%	4.23%	4.36%
EBT Excluding Unusual Items	213,556,333	246,294,600	59,614,600	55,370,867	91,612,900	100,429,360	99,233,367	418,812,000	-173,908,000	418,813,000	-173,909,000	395,765,000	420,427,000	170,377,000	-357,001,000	160,457,000	133,809,000	174,713,000	-747,305,000	-881,622,000	318,274,000	257,904,000	210,662,000	329,199,000	182,052,000	-4,951,000	324,021,000	270,478,000	230,095,000	208,957,000	164,587,000	207,806,000	90,575,000	6,551,000	110,841,000	102,726,000	4,600,000	129,800,000	118,300,000
EBT Excluding Unusual Items Margin	9.22%	11.33%	1.11%	1.44%	3.44%	4.24%	4.74%	18.47%	-8.94%	18.39%	-8.94%	18.21%	19.23%	9.78%	-23.09%	9.48%	8.40%	11.06%	-51.45%	-50.07%	15.06%	14.10%	12.95%	18.51%	10.34%	-0.24%	13.50%	13.26%	10.27%	11.23%	8.63%	10.81%	6.18%	0.32%	7.85%	8.13%	0.37%	10.25%	9.79%
Pre-Tax Income	474,235,667	516,737,200	317,284,800	279,299,000	288,033,500	274,142,240	254,944,367	694,053,000	87,255,000	694,053,000	87,255,000	641,399,000	682,650,000	478,329,000	-105,033,000	389,511,000	384,027,000	444,164,000	-523,507,000	-698,563,000	489,027,000	432,759,000	370,631,000	422,783,000	356,360,000	151,828,000	436,650,000	333,488,000	292,859,000	246,493,000	248,855,000	305,217,000	189,716,000	102,605,000	204,275,000	179,800,000	56,300,000	183,400,000	171,000,000
Pre-Tax Income Margin	21.49%	24.63%	15.55%	13.95%	14.22%	13.78%	13.55%	30.61%	4.49%	30.47%	4.49%	29.51%	31.23%	27.45%	-6.79%	23.00%	24.11%	28.11%	-36.04%	-39.67%	23.14%	23.65%	22.78%	23.77%	20.24%	7.40%	18.19%	16.35%	13.08%	13.25%	13.04%	15.88%	12.95%	4.98%	14.46%	14.23%	4.51%	14.49%	14.16%
Income Tax Expense	116,608,000	116,227,000	60,573,400	64,260,333	78,011,600	79,243,600	76,065,267	175,549,000	9,742,000	175,549,000	9,742,000	164,533,000	116,629,000	114,682,000	18,739,000	85,221,000	-7,494,000	160,682,000	-232,549,000	-319,136,000	189,614,000	172,758,000	150,554,000	164,381,000	137,227,000	51,120,000	167,922,000	131,813,000	108,245,000	92,978,000	94,590,000	124,150,000	72,034,000	37,106,000	77,068,000	64,800,000	24,000,000	68,700,000	66,300,000
Income Tax Expense Margin	5.26%	5.54%	2.76%	3.09%	3.75%	3.93%	4.05%	7.74%	0.50%	7.71%	0.50%	7.57%	5.34%	6.58%	1.21%	5.03%	-0.47%	10.17%	-16.01%	-18.12%	8.97%	9.44%	9.25%	9.24%	7.79%	2.49%	7.00%	6.46%	4.83%	5.00%	4.96%	6.46%	4.92%	1.80%	5.46%	5.13%	1.92%	5.43%	5.49%
Net Income	357,627,667	400,510,200	256,711,400	215,038,667	214,823,750	200,586,960	183,316,033	518,504,000	77,513,000	518,504,000	77,513,000	476,866,000	566,021,000	363,647,000	-123,772,000	304,290,000	391,521,000	283,482,000	-290,958,000	-379,427,000	299,413,000	260,001,000	220,077,000	258,402,000	225,913,000	100,708,000	268,728,000	337,455,000	138,091,000	189,488,000	166,586,000	178,944,000	117,682,000	65,499,000	127,207,000	115,000,000	23,200,000	114,700,000	104,700,000
Net Income Margin	16.23%	19.09%	12.79%	10.85%	10.72%	10.16%	9.72%	22.87%	3.99%	22.77%	3.99%	21.94%	25.89%	20.87%	-8.00%	17.97%	24.58%	17.94%	-20.03%	-21.55%	14.17%	14.21%	13.53%	14.53%	12.83%	4.91%	11.20%	16.55%	6.17%	10.18%	8.73%	9.31%	8.04%	3.18%	9.01%	9.10%	1.86%	9.06%	8.67%
Depreciation and Amortization	441,064,333	405,657,200	332,467,700	324,628,867	287,784,650	267,567,320	235,758,433	456,594,000	457,026,000	456,594,000	457,026,000	409,573,000	369,790,000	335,303,000	306,158,000	275,660,000	240,961,000	224,195,000	249,417,000	336,158,000	383,781,000	326,760,000	271,530,000	226,527,000	191,809,000	173,410,000	170,623,000	170,803,000	179,615,000	193,144,000	189,538,000	195,226,000	180,668,000	174,914,000	142,170,000	129,700,000	0	111,700,000	0
Depreciation and Amortization Margin	20.80%	19.71%	18.11%	17.71%	15.43%	14.39%	12.97%	20.13%	23.50%	20.05%	23.50%	18.84%	16.92%	19.24%	19.80%	16.28%	15.13%	14.19%	17.17%	19.09%	18.16%	17.86%	16.69%	12.73%	10.90%	8.45%	7.11%	8.37%	8.02%	10.38%	9.93%	10.16%	12.34%	8.49%	10.07%	10.27%	0.00%	8.82%	0.00%
EBITDA	1,057,438,333	1,063,020,200	777,989,000	719,566,867	681,797,050	643,069,080	593,356,000	1,306,481,000	682,976,000	1,306,481,000	682,976,000	1,182,858,000	1,182,797,000	959,989,000	318,202,000	771,927,000	739,510,000	788,196,000	-153,046,000	-262,934,000	967,085,000	853,630,000	728,401,000	727,431,000	642,115,000	416,542,000	681,242,000	567,301,000	535,238,000	477,173,000	522,661,000	597,854,000	469,525,000	373,573,000	439,879,000	386,574,000	226,900,000	348,700,000	321,900,000
EBITDA Margin	48.97%	51.22%	40.80%	38.08%	35.40%	33.70%	32.55%	57.61%	35.12%	57.36%	35.12%	54.42%	54.11%	55.09%	20.58%	45.59%	46.43%	49.89%	-10.54%	-14.93%	45.77%	46.66%	44.77%	40.89%	36.47%	20.30%	28.38%	27.81%	23.90%	25.64%	27.39%	31.11%	32.06%	18.14%	31.14%	30.60%	18.18%	27.55%	26.65%
NOPAT	451,817,253	503,461,701	362,966,519	299,557,173	283,914,980	264,261,822	243,446,090	607,709,013	186,307,477	607,708,266	186,308,365	561,435,127	675,358,032	486,498,713	35,184,984	399,830,456	529,865,006	378,971,225	-231,494,983	-331,895,630	348,789,539	311,116,344	266,047,038	269,635,116	270,842,263	150,963,831	299,176,455	239,779,945	224,179,501	176,892,293	206,502,661	238,855,123	179,179,771	126,816,099	185,390,619	164,296,496	61,960,924	148,221,919	136,967,193
NOPAT Margin	20.70%	24.18%	18.81%	15.62%	14.56%	13.70%	13.22%	26.80%	9.58%	26.68%	9.58%	25.83%	30.89%	27.92%	2.28%	23.61%	33.27%	23.99%	-15.94%	-18.85%	16.51%	17.01%	16.35%	15.16%	15.38%	7.36%	12.46%	11.76%	10.01%	9.51%	10.82%	12.43%	12.23%	6.16%	13.13%	13.01%	4.96%	11.71%	11.34%
Owner's Earnings	-152,616,333	-77,329,600	-170,352,000	-267,383,400	-190,050,960	-158,354,888	-159,424,540	62,277,000	-512,487,000	62,277,000	-396,697,000	-123,429,000	123,985,000	-52,784,000	-590,587,000	-208,988,000	48,478,000	57,342,000	-623,117,000	-1,061,448,000	-231,223,000	-116,700,000	-545,177,000	-352,683,000	-51,150,200	-35,812,000	41,617,000	231,530,000	23,547,000	163,102,000	-5,755,000	26,693,000	-114,686,000	-227,207,000	-142,164,000	-145,500,000	-370,000,000	-99,300,000	-66,900,000
Owner's Earnings Margin	-7.78%	-4.14%	-10.75%	-15.89%	-11.45%	-9.52%	-10.08%	2.75%	-26.35%	2.73%	-20.40%	-5.68%	5.67%	-3.03%	-38.19%	-12.34%	3.04%	3.63%	-42.90%	-60.28%	-10.94%	-6.38%	-33.51%	-19.83%	-2.91%	-1.75%	1.73%	11.35%	1.05%	8.77%	-0.30%	1.39%	-7.83%	-11.03%	-10.07%	-11.52%	-29.65%	-7.84%	-5.54%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Revenue	2,132,040,667	2,064,965,400	1,818,941,500	1,819,910,333	1,889,515,150	1,880,198,000	1,780,081,333	2,277,541,000	1,944,810,000	2,173,771,000	2,186,046,000	1,742,659,000	1,546,291,000	1,693,332,000	1,592,668,000	1,579,881,000	1,452,416,000	1,760,913,000	2,113,081,000	1,829,551,000	1,626,853,000	1,778,842,000	1,760,503,000	2,051,543,000	2,400,361,000	2,039,566,000	2,239,675,000	1,860,774,000	1,907,968,000	1,921,573,000	1,464,496,000	2,059,836,000	1,412,416,000	1,263,274,000	1,248,000,000	1,265,800,000	1,208,000,000
Cash & Cash Equivalents	45,611,667	42,882,200	117,048,800	102,716,667	133,429,700	116,088,720	100,908,833	43,166,000	38,222,000	55,447,000	46,048,000	31,528,000	20,541,000	20,428,000	229,606,000	555,530,000	129,972,000	113,596,000	36,886,000	64,858,000	74,494,000	80,428,000	395,171,000	408,053,000	68,239,000	186,770,000	69,611,000	57,607,000	66,153,000	51,421,000	22,216,000	36,227,000	32,125,000	29,222,000	30,400,000	14,000,000	19,300,000
Cash & Cash Equivalents Margin	2.14%	2.07%	7.14%	6.15%	7.48%	6.49%	5.73%	1.90%	1.97%	2.55%	2.11%	1.81%	1.33%	1.21%	14.42%	35.16%	8.95%	6.45%	1.75%	3.55%	4.58%	4.52%	22.45%	19.89%	2.84%	9.16%	3.11%	3.10%	3.47%	2.68%	1.52%	1.76%	2.27%	2.31%	2.44%	1.11%	1.60%
Short-Term Investments	0	0	0	0	0	0	-733	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	-22,000	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	45,611,667	42,882,200	117,048,800	102,716,667	133,429,700	116,088,720	100,908,100	43,166,000	38,222,000	55,447,000	46,048,000	31,528,000	20,541,000	20,428,000	229,606,000	555,530,000	129,972,000	113,596,000	36,886,000	64,858,000	74,494,000	80,428,000	395,171,000	408,053,000	68,239,000	186,770,000	69,611,000	57,607,000	66,153,000	51,421,000	22,216,000	36,227,000	32,125,000	29,200,000	30,400,000	14,000,000	19,300,000
Cash & Short-Term Investments Margin	2.14%	2.07%	7.14%	6.15%	7.48%	6.49%	5.73%	1.90%	1.97%	2.55%	2.11%	1.81%	1.33%	1.21%	14.42%	35.16%	8.95%	6.45%	1.75%	3.55%	4.58%	4.52%	22.45%	19.89%	2.84%	9.16%	3.11%	3.10%	3.47%	2.68%	1.52%	1.76%	2.27%	2.31%	2.44%	1.11%	1.60%
Net Receivables	199,136,333	249,589,600	213,155,800	193,370,400	198,408,100	188,431,440	177,301,067	197,020,000	178,245,000	222,144,000	411,955,000	238,584,000	164,713,000	209,681,000	196,959,000	144,955,000	167,302,000	125,750,000	183,609,000	157,062,000	137,803,000	164,774,000	242,728,000	163,350,000	209,761,000	224,688,000	227,079,000	155,064,000	155,931,000	157,100,000	117,428,000	157,101,000	148,744,000	116,502,000	97,700,000	127,800,000	117,500,000
Net Receivables Margin	9.35%	12.11%	11.67%	10.59%	10.52%	10.03%	9.94%	8.65%	9.17%	10.22%	18.84%	13.69%	10.65%	12.38%	12.37%	9.18%	11.52%	7.14%	8.69%	8.58%	8.47%	9.26%	13.79%	7.96%	8.74%	11.02%	10.14%	8.33%	8.17%	8.18%	8.02%	7.63%	10.53%	9.22%	7.83%	10.10%	9.73%
Inventory	84,668,333	109,341,000	93,423,100	88,037,400	89,557,150	93,627,600	88,254,333	89,782,000	82,725,000	81,498,000	172,343,000	120,357,000	85,215,000	79,595,000	77,840,000	74,238,000	70,638,000	64,666,000	67,239,000	93,796,000	78,372,000	82,257,000	73,571,000	80,382,000	118,611,000	101,864,000	96,154,000	97,796,000	104,027,000	121,951,000	108,832,000	116,941,000	80,940,000	64,500,000	56,300,000	49,000,000	56,200,000
Inventory Margin	3.98%	5.35%	5.14%	4.85%	4.76%	5.01%	4.97%	3.94%	4.25%	3.75%	7.88%	6.91%	5.51%	4.70%	4.89%	4.70%	4.86%	3.67%	3.18%	5.13%	4.82%	4.62%	4.18%	3.92%	4.94%	4.99%	4.29%	5.26%	5.45%	6.35%	7.43%	5.68%	5.73%	5.11%	4.51%	3.87%	4.65%
Other Current Assets	51,798,667	77,248,000	48,336,900	56,274,267	70,797,900	75,030,800	68,311,467	80,759,000	38,264,000	36,373,000	113,028,000	117,816,000	16,609,000	25,830,000	14,972,000	18,656,000	21,062,000	47,337,000	63,042,000	108,183,000	42,136,000	100,047,000	151,579,000	125,185,000	102,867,000	72,442,000	119,771,000	241,844,000	43,128,000	73,615,000	57,592,000	43,633,000	61,974,000	39,600,000	26,100,000	17,900,000	28,000,000
Other Current Assets Margin	2.40%	3.82%	2.53%	3.01%	3.65%	3.92%	3.72%	3.55%	1.97%	1.67%	5.17%	6.76%	1.07%	1.53%	0.94%	1.18%	1.45%	2.69%	2.98%	5.91%	2.59%	5.62%	8.61%	6.10%	4.29%	3.55%	5.35%	13.00%	2.26%	3.83%	3.93%	2.12%	4.39%	3.13%	2.09%	1.41%	2.32%
Total Current Assets	393,691,333	492,930,800	491,737,700	459,110,933	498,868,600	481,027,320	441,581,800	410,727,000	355,919,000	414,428,000	761,131,000	522,449,000	314,198,000	362,623,000	544,591,000	818,280,000	413,031,000	375,801,000	377,332,000	448,677,000	355,576,000	411,901,000	775,377,000	776,970,000	499,478,000	554,138,000	484,745,000	572,776,000	404,603,000	410,962,000	306,068,000	353,902,000	324,271,000	257,300,000	210,500,000	208,700,000	221,000,000
Total Current Assets Margin	18.47%	24.04%	27.64%	25.67%	26.83%	25.92%	24.77%	18.03%	18.30%	19.06%	34.82%	29.98%	20.32%	21.41%	34.19%	51.79%	28.44%	21.34%	17.86%	24.52%	21.86%	23.16%	44.04%	37.87%	20.81%	27.17%	21.64%	30.78%	21.21%	21.39%	20.90%	17.18%	22.96%	20.37%	16.87%	16.49%	18.29%
Property, Plant & Equipment	7,450,569,667	7,060,493,800	6,093,559,500	5,726,842,267	5,069,822,800	4,634,682,600	4,222,715,200	7,712,642,000	7,339,205,000	7,299,862,000	6,566,477,000	6,384,283,000	6,017,917,000	5,509,510,000	4,977,143,000	4,674,074,000	4,454,482,000	5,331,895,000	5,743,091,000	5,151,726,000	4,739,803,000	4,000,524,000	3,450,229,000	3,133,362,000	3,154,100,000	2,878,405,000	2,877,726,000	2,839,300,000	3,006,764,000	2,999,087,000	2,844,745,000	2,780,713,000	2,683,391,000	2,353,900,000	2,248,100,000	1,819,400,000	1,709,600,000
Property, Plant & Equipment Margin	350.61%	343.71%	334.82%	314.70%	273.51%	250.63%	236.92%	338.64%	377.37%	335.82%	300.38%	366.35%	389.18%	325.37%	312.50%	295.85%	306.69%	302.79%	271.79%	281.58%	291.35%	224.89%	195.98%	152.73%	131.40%	141.13%	128.49%	152.59%	157.59%	156.07%	194.25%	135.00%	189.99%	186.33%	180.14%	143.74%	141.52%
Goodwill	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	4,818,880	4,015,733	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	5,476,000	0	0	0	0	0	0	0	0
Goodwill Margin	0.26%	0.27%	0.31%	0.31%	0.30%	0.26%	0.22%	0.24%	0.28%	0.25%	0.25%	0.31%	0.35%	0.32%	0.34%	0.35%	0.38%	0.31%	0.26%	0.30%	0.34%	0.31%	0.31%	0.27%	0.23%	0.27%	0.24%	0.29%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	0	0	0	0	5,486,050	25,185,840	20,988,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,677,000	21,536,000	26,174,000	28,836,000	31,498,000	42,302,000	45,994,000	157,100,000	117,428,000	157,101,000	0	0	0	0	0
Intangible Assets Margin	0.00%	0.00%	0.00%	0.00%	0.25%	1.34%	1.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%	1.05%	1.09%	1.41%	1.41%	2.27%	2.41%	8.18%	8.02%	7.63%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	87,805,000	101,614,400	126,159,100	113,674,800	111,574,800	89,259,840	74,383,200	107,734,000	81,705,000	73,976,000	95,025,000	149,632,000	240,128,000	144,917,000	132,545,000	125,265,000	110,664,000	92,990,000	86,788,000	96,308,000	86,774,000	80,671,000	92,667,000	139,577,000	96,919,000	85,902,000	111,309,000	0	0	0	0	0	0	0	0	0	0
Long-Term Investments Margin	4.11%	5.05%	7.32%	6.52%	6.15%	4.92%	4.10%	4.73%	4.20%	3.40%	4.35%	8.59%	15.53%	8.56%	8.32%	7.93%	7.62%	5.28%	4.11%	5.26%	5.33%	4.54%	5.26%	6.80%	4.04%	4.21%	4.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	0	0	52,822,700	59,421,600	63,920,300	51,136,240	42,613,533	0	0	0	0	0	255,996,000	272,231,000	0	0	0	-45,300,000	40,323,000	72,756,000	150,941,000	144,377,000	149,712,000	138,435,000	1,871,000	8,550,000	88,514,000	0	0	0	0	0	0	0	0	0	0
Tax Assets Margin	0.00%	0.00%	3.26%	3.56%	3.65%	2.92%	2.43%	0.00%	0.00%	0.00%	0.00%	0.00%	16.56%	16.08%	0.00%	0.00%	0.00%	-2.57%	1.91%	3.98%	9.28%	8.12%	8.50%	6.75%	0.08%	0.42%	3.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	502,169,333	475,529,200	444,195,200	497,895,333	474,522,200	432,604,880	398,668,267	482,524,999	537,465,000	486,518,000	468,153,000	402,985,000	387,215,999	167,400,000	376,731,000	480,225,000	652,734,000	758,777,000	486,587,000	516,160,000	596,572,000	668,382,000	630,487,000	553,773,000	346,169,000	327,105,000	164,480,000	262,798,000	254,766,000	262,726,000	242,241,000	302,147,000	229,226,000	231,400,000	225,900,000	239,200,000	219,200,000
Other Non-Current Assets Margin	23.73%	23.15%	24.97%	27.88%	25.94%	23.65%	22.70%	21.19%	27.64%	22.38%	21.42%	23.12%	25.04%	9.89%	23.65%	30.40%	44.94%	43.09%	23.03%	28.21%	36.67%	37.57%	35.81%	26.99%	14.42%	16.04%	7.34%	14.12%	13.35%	13.67%	16.54%	14.67%	16.23%	18.32%	18.10%	18.90%	18.15%
Other Assets	0	0	0	-1,772,600	-1,329,450	-1,063,560	-886,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-26,589,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets Margin	0.00%	0.00%	0.00%	-0.10%	-0.07%	-0.06%	-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%	-1.49%	0.00%	0.00%	0.00%	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	8,046,020,000	7,643,113,400	6,722,212,500	6,401,479,600	5,729,429,350	5,222,212,840	4,750,487,933	8,308,376,999	7,963,851,000	7,865,832,000	7,135,131,000	6,942,376,000	6,906,732,999	6,099,534,000	5,491,895,000	5,285,040,000	5,223,356,000	6,189,138,000	6,362,265,000	5,769,670,000	5,579,566,000	4,899,430,000	4,330,248,000	3,992,159,000	3,630,709,000	3,334,274,000	3,279,003,000	3,149,876,000	3,313,000,000	3,316,953,000	3,095,241,000	3,091,664,000	2,912,617,000	2,585,300,000	2,474,000,000	2,058,600,000	1,928,800,000
Total Non-Current Assets Margin	378.71%	372.18%	370.68%	352.87%	309.74%	282.87%	266.77%	364.80%	409.49%	361.85%	326.39%	398.38%	446.66%	360.21%	344.82%	334.52%	359.63%	351.47%	301.09%	315.36%	342.97%	275.43%	245.97%	194.59%	151.26%	163.48%	146.41%	169.28%	173.64%	172.62%	211.35%	150.09%	206.22%	204.65%	198.24%	162.63%	159.67%
Total Assets	8,439,711,333	8,136,044,200	7,213,950,200	6,858,817,933	6,226,968,500	5,702,176,600	5,191,183,433	8,719,104,000	8,319,770,000	8,280,260,000	7,896,262,000	7,464,825,000	7,220,931,000	6,462,157,000	6,036,486,000	6,103,320,000	5,636,387,000	6,564,939,000	6,739,597,000	6,218,347,000	5,935,142,000	5,284,742,000	5,105,625,000	4,769,129,000	4,130,187,000	3,888,412,000	3,763,748,000	3,722,652,000	3,717,603,000	3,727,915,000	3,401,309,000	3,445,566,000	3,236,888,000	2,842,600,000	2,684,500,000	2,267,300,000	2,149,800,000
Total Assets Margin	397.18%	396.22%	398.31%	378.45%	336.50%	308.73%	291.49%	382.83%	427.79%	380.92%	361.21%	428.36%	466.98%	381.62%	379.02%	386.32%	388.07%	372.81%	318.95%	339.88%	364.82%	297.09%	290.01%	232.47%	172.07%	190.65%	168.05%	200.06%	194.85%	194.00%	232.25%	167.27%	229.17%	225.02%	215.10%	179.12%	177.96%
Accounts Payable	167,102,333	170,381,400	152,355,900	145,074,467	144,423,400	139,956,760	128,970,633	184,046,000	165,068,000	152,193,000	178,945,000	171,655,000	144,914,000	132,208,000	160,031,000	126,443,000	108,056,000	180,388,000	136,674,000	105,283,000	87,985,000	142,228,000	127,786,000	196,501,000	145,273,000	109,757,000	133,034,000	155,485,000	115,979,000	119,596,000	100,886,000	118,505,000	88,853,000	82,747,000	59,900,000	74,100,000	64,600,000
Accounts Payable Margin	7.86%	8.32%	8.43%	8.01%	7.72%	7.51%	7.22%	8.08%	8.49%	7.00%	8.19%	9.85%	9.37%	7.81%	10.05%	8.00%	7.44%	10.24%	6.47%	5.75%	5.41%	8.00%	7.26%	9.58%	6.05%	5.38%	5.94%	8.36%	6.08%	6.22%	6.89%	5.75%	6.29%	6.55%	4.80%	5.85%	5.35%
Short-Term Debt	442,800,000	419,180,000	250,170,800	213,220,533	186,062,850	211,467,960	243,975,533	450,200,000	590,700,000	287,500,000	609,000,000	158,500,000	50,608,000	55,200,000	0	300,000,000	0	0	85,600,000	0	421,000,000	190,000,000	200,000,000	0	100,000,000	200,024,000	22,925,000	9,393,000	171,060,000	359,931,000	425,950,000	599,108,000	630,764,000	463,103,000	543,200,000	195,800,000	199,700,000
Short-Term Debt Margin	21.12%	20.06%	12.58%	11.10%	9.64%	11.17%	14.53%	19.77%	30.37%	13.23%	27.86%	9.10%	3.27%	3.26%	0.00%	18.99%	0.00%	0.00%	4.05%	0.00%	25.88%	10.68%	11.36%	0.00%	4.17%	9.81%	1.02%	0.50%	8.97%	18.73%	29.09%	29.09%	44.66%	36.66%	43.53%	15.47%	16.53%
Tax Payables	0	30,800	209,200	983,067	737,300	589,840	491,533	0	0	0	0	154,000	163,000	0	0	1,775,000	0	6,856,000	5,798,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Payables Margin	0.00%	0.00%	0.01%	0.05%	0.04%	0.03%	0.03%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%	0.11%	0.00%	0.39%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	40,864,333	41,899,800	22,481,800	20,251,933	15,188,950	12,151,160	10,125,967	17,188,000	55,638,000	49,767,000	50,391,000	36,515,000	15,319,000	0	0	0	0	0	0	0	41,997,000	36,964,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Revenue Margin	1.97%	2.06%	1.13%	1.06%	0.80%	0.64%	0.53%	0.75%	2.86%	2.29%	2.31%	2.10%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.58%	2.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	181,097,667	457,919,400	329,116,200	267,893,133	208,947,250	167,157,800	139,298,167	274,330,000	120,303,000	148,660,000	978,266,000	768,038,000	234,109,000	184,741,000	237,369,000	184,565,000	160,781,000	229,552,000	238,342,000	166,928,000	67,166,000	25,247,000	66,118,000	44,133,000	50,297,000	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities Margin	8.36%	22.78%	17.76%	14.44%	11.23%	8.98%	7.49%	12.05%	6.19%	6.84%	44.75%	44.07%	15.14%	10.91%	14.90%	11.68%	11.07%	13.04%	11.28%	9.12%	4.13%	1.42%	3.76%	2.15%	2.10%	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 Current Liabilities	942,656,000	1,201,334,000	827,798,700	718,664,733	637,824,050	630,609,040	620,596,333	925,764,000	1,095,892,000	806,312,000	1,942,569,000	1,236,133,000	459,573,000	421,908,000	440,060,000	646,039,000	303,737,000	446,140,000	490,576,000	302,171,000	734,479,000	528,618,000	524,324,000	318,507,000	374,571,000	439,346,000	319,762,000	459,957,000	455,454,000	550,306,000	679,558,000	863,470,000	808,570,000	639,094,000	689,400,000	364,200,000	351,400,000
Total Current Liabilities Margin	44.70%	58.78%	43.80%	38.53%	33.73%	33.61%	35.37%	40.65%	56.35%	37.09%	88.86%	70.93%	29.72%	24.92%	27.63%	40.89%	20.91%	25.34%	23.22%	16.52%	45.15%	29.72%	29.78%	15.53%	15.60%	21.54%	14.28%	24.72%	23.87%	28.64%	46.40%	41.92%	57.25%	50.59%	55.24%	28.77%	29.09%
Long-Term Debt	2,318,529,667	2,333,537,000	2,273,227,700	2,010,048,600	1,766,925,200	1,637,225,880	1,485,187,067	2,382,861,000	2,188,243,000	2,384,485,000	2,083,409,000	2,628,687,000	2,629,576,000	2,133,718,000	2,131,365,000	2,083,681,000	2,086,252,000	2,084,009,000	1,637,443,000	1,649,000,000	1,149,000,000	899,000,000	1,049,000,000	1,249,000,000	997,500,000	796,600,000	1,095,675,000	1,119,012,000	1,133,317,000	1,147,779,000	1,145,341,000	1,046,694,000	953,622,000	822,743,000	693,000,000	581,600,000	574,000,000
Long-Term Debt Margin	108.94%	114.60%	127.84%	112.37%	96.78%	89.75%	84.18%	104.62%	112.52%	109.69%	95.30%	150.84%	170.06%	126.01%	133.82%	131.89%	143.64%	118.35%	77.49%	90.13%	70.63%	50.54%	59.59%	60.88%	41.56%	39.06%	48.92%	60.14%	59.40%	59.73%	78.21%	50.81%	67.52%	65.13%	55.53%	45.95%	47.52%
Capital Lease Obligations	0	0	1,477,700	985,133	738,850	591,080	492,567	0	0	0	0	0	14,777,000	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	0.00%	0.00%	0.10%	0.06%	0.05%	0.04%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	1,153,532,333	963,849,200	865,244,600	983,469,267	869,876,350	761,360,120	684,034,933	1,225,262,000	1,111,165,000	1,124,170,000	698,229,000	660,420,000	952,050,000	653,382,000	512,686,000	891,287,000	823,795,000	1,275,162,000	1,456,283,000	1,347,007,000	1,065,757,000	955,384,000	804,046,000	71,035,000	639,063,000	580,748,000	550,596,000	489,720,000	0	431,481,000	365,117,000	350,158,000	336,945,000	286,000,000	269,600,000	300,600,000	293,900,000
Deferred Tax Liabilities Margin	54.22%	46.50%	47.80%	54.14%	47.05%	41.27%	38.26%	53.80%	57.13%	51.72%	31.94%	37.90%	61.57%	38.59%	32.19%	56.41%	56.72%	72.41%	68.92%	73.63%	65.51%	53.71%	45.67%	3.46%	26.62%	28.47%	24.58%	26.32%	0.00%	22.45%	24.93%	17.00%	23.86%	22.64%	21.60%	23.75%	24.33%
Other Non-Current Liabilities	1,056,219,000	1,082,839,000	1,028,611,000	952,977,200	891,476,350	585,139,600	317,216,000	1,090,613,000	1,076,127,000	1,001,917,000	1,092,159,000	1,153,379,000	1,068,568,999	1,114,124,000	1,015,045,000	778,578,000	895,599,000	734,188,000	744,612,000	725,440,000	1,025,811,000	778,497,000	830,651,000	1,396,912,000	513,954,000	439,199,000	354,153,000	447,450,000	838,083,000	-1,579,260,000	-1,510,458,000	-1,396,852,000	-1,290,567,000	-1,108,743,000	-962,600,000	-882,200,000	-867,900,000
Other Non-Current Liabilities Margin	49.77%	53.09%	57.50%	53.23%	48.62%	31.49%	12.98%	47.89%	55.33%	46.09%	49.96%	66.19%	69.11%	65.79%	63.73%	49.28%	61.66%	41.69%	35.24%	39.65%	63.05%	43.76%	47.18%	68.09%	21.41%	21.53%	15.81%	24.05%	43.93%	-82.19%	-103.14%	-67.81%	-91.37%	-87.77%	-77.13%	-69.70%	-71.85%
Total Non-Current Liabilities	4,528,281,000	4,380,225,200	4,181,001,000	3,966,030,267	3,557,927,900	3,007,445,600	2,570,598,000	4,698,736,000	4,375,535,000	4,510,572,000	3,873,797,000	4,442,486,000	4,789,371,999	3,901,224,000	3,659,096,000	3,753,546,000	3,805,646,000	4,093,359,000	3,838,338,000	3,721,447,000	3,240,568,000	2,786,732,000	2,835,330,000	2,861,386,000	2,152,017,000	1,818,947,000	2,000,424,000	2,056,182,000	1,971,400,000	0	0	0	0	0	0	989,400,000	942,400,000
Total Non-Current Liabilities Margin	212.93%	214.18%	234.04%	220.92%	194.12%	163.85%	141.75%	206.31%	224.99%	207.50%	177.21%	254.93%	309.73%	230.39%	229.75%	237.58%	262.02%	232.46%	181.65%	203.41%	199.19%	156.66%	161.05%	139.47%	89.65%	89.18%	89.32%	110.50%	103.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	78.16%	78.01%
Total Liabilities	5,470,937,000	5,581,559,200	5,008,799,700	4,689,862,133	4,199,627,300	3,849,993,040	3,492,746,433	5,624,500,000	5,471,427,000	5,316,884,000	5,816,366,000	5,678,619,000	5,248,945,000	4,323,132,000	4,099,156,000	4,399,585,000	4,109,383,000	4,539,499,000	4,328,914,000	4,023,618,000	3,975,047,000	3,392,857,000	3,359,654,000	3,179,893,000	2,526,588,000	2,258,293,000	2,320,186,000	2,493,069,000	2,421,049,000	2,557,244,000	2,365,666,000	2,420,252,000	2,240,563,000	1,875,704,000	1,768,900,000	1,353,600,000	1,293,800,000
Total Liabilities Margin	257.63%	272.96%	277.84%	259.73%	228.07%	209.38%	196.58%	246.95%	281.33%	244.59%	266.07%	325.86%	339.45%	255.30%	257.38%	278.48%	282.93%	257.79%	204.86%	219.92%	244.34%	190.73%	190.83%	155.00%	105.26%	110.72%	103.59%	133.98%	126.89%	133.08%	161.53%	117.50%	158.63%	148.48%	141.74%	106.94%	107.10%
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	91,068,000	91,172,800	88,975,300	87,220,600	85,843,450	85,013,000	78,580,733	90,379,000	91,006,000	91,819,000	91,478,000	91,182,000	90,955,000	86,315,000	85,957,000	85,543,000	85,119,000	84,594,000	84,157,000	83,662,000	83,330,000	82,813,000	82,075,000	80,500,000	79,121,000	83,461,000	83,403,000	84,357,000	82,990,000	81,438,000	80,265,000	79,406,000	78,660,000	38,837,000	38,500,000	38,200,000	37,900,000
Common Stock Margin	4.29%	4.46%	4.99%	4.87%	4.64%	4.61%	4.44%	3.97%	4.68%	4.22%	4.18%	5.23%	5.88%	5.10%	5.40%	5.41%	5.86%	4.80%	3.98%	4.57%	5.12%	4.66%	4.66%	3.92%	3.30%	4.09%	3.72%	4.53%	4.35%	4.24%	5.48%	3.85%	5.57%	3.07%	3.08%	3.02%	3.14%
Retained Earnings	1,875,237,000	1,680,794,200	1,329,513,200	1,331,174,400	1,235,137,950	1,117,611,200	1,008,741,467	2,012,529,000	1,727,326,000	1,885,856,000	1,587,085,000	1,191,175,000	991,630,000	1,272,601,000	1,098,900,000	851,669,000	676,361,000	1,103,200,000	1,614,361,000	1,442,617,000	1,306,284,000	1,206,022,000	1,063,262,000	948,293,000	953,799,000	983,776,000	786,013,000	813,020,000	718,926,000	642,690,000	549,397,000	513,488,000	525,847,000	472,517,000	428,100,000	472,600,000	422,900,000
Retained Earnings Margin	87.98%	80.98%	71.36%	71.98%	65.47%	59.46%	55.60%	88.36%	88.82%	86.76%	72.60%	68.35%	64.13%	75.15%	69.00%	53.91%	46.57%	62.65%	76.40%	78.85%	80.30%	67.80%	60.40%	46.22%	39.74%	48.23%	35.09%	43.69%	37.68%	33.45%	37.51%	24.93%	37.23%	37.40%	34.30%	37.34%	35.01%
Accumulated OCI	-43,252,667	-253,817,600	-153,951,300	-107,738,200	-83,813,900	-83,388,440	-70,449,367	-59,222,000	-15,476,000	-55,060,000	-625,733,000	-513,597,000	-114,757,000	-52,155,000	-67,750,000	-30,123,000	-5,640,000	93,372,000	-3,979,000	-19,234,000	-99,020,000	-47,699,000	-44,985,000	-42,396,000	2,963,000	-6,203,000	30,416,000	-197,628,000	-54,775,000	-65,537,000	-69,636,000	-20,857,000	-29,957,000	-4,013,000	7,300,000	-2,100,000	0
Accumulated OCI Margin	-1.98%	-12.80%	-8.11%	-5.72%	-4.46%	-4.48%	-3.80%	-2.60%	-0.80%	-2.53%	-28.62%	-29.47%	-7.42%	-3.08%	-4.25%	-1.91%	-0.39%	5.30%	-0.19%	-1.05%	-6.09%	-2.68%	-2.56%	-2.07%	0.12%	-0.30%	1.36%	-10.62%	-2.87%	-3.41%	-4.75%	-1.01%	-2.12%	-0.32%	0.58%	-0.17%	0.00%
Minority Interest	0	0	0	0	0	4,857,520	6,585,633	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	37,048,000	33,281,000	28,785,000	22,324,000	23,031,000	27,600,000	25,500,000	0	0
Minority Interest Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.94%	1.73%	1.97%	1.08%	1.63%	2.18%	2.04%	0.00%	0.00%
Total Shareholders’ Equity	2,968,774,333	2,554,485,000	2,205,150,500	2,168,955,800	2,027,341,200	1,847,080,440	1,692,118,033	3,094,604,000	2,848,343,000	2,963,376,000	2,079,896,000	1,786,206,000	1,971,986,000	2,139,025,000	1,937,330,000	1,703,735,000	1,527,004,000	2,025,440,000	2,410,683,000	2,194,729,000	1,960,095,000	1,891,885,000	1,745,971,000	1,589,236,000	1,603,599,000	1,630,119,000	1,443,562,000	1,229,583,000	1,253,701,000	1,137,390,000	1,006,858,000	1,002,655,000	987,437,000	939,293,000	890,100,000	913,700,000	856,000,000
Total Shareholders’ Equity Margin	139.55%	123.26%	120.48%	118.71%	108.42%	99.08%	94.52%	135.87%	146.46%	136.32%	95.14%	102.50%	127.53%	126.32%	121.64%	107.84%	105.14%	115.02%	114.08%	119.96%	120.48%	106.35%	99.17%	77.47%	66.81%	79.92%	64.45%	66.08%	65.71%	59.19%	68.75%	48.68%	69.91%	74.35%	71.32%	72.18%	70.86%
Total Equity	2,968,774,333	2,554,485,000	2,205,150,500	2,168,955,800	2,027,341,200	1,851,937,960	1,698,703,667	3,094,604,000	2,848,343,000	2,963,376,000	2,079,896,000	1,786,206,000	1,971,986,000	2,139,025,000	1,937,330,000	1,703,735,000	1,527,004,000	2,025,440,000	2,410,683,000	2,194,729,000	1,960,095,000	1,891,885,000	1,745,971,000	1,589,236,000	1,603,599,000	1,630,119,000	1,443,562,000	1,229,583,000	1,290,749,000	1,170,671,000	1,035,643,000	1,024,979,000	1,010,468,000	966,893,000	915,600,000	913,700,000	856,000,000
Total Equity Margin	139.55%	123.26%	120.48%	118.71%	108.42%	99.35%	94.94%	135.87%	146.46%	136.32%	95.14%	102.50%	127.53%	126.32%	121.64%	107.84%	105.14%	115.02%	114.08%	119.96%	120.48%	106.35%	99.17%	77.47%	66.81%	79.92%	64.45%	66.08%	67.65%	60.92%	70.72%	49.76%	71.54%	76.54%	73.37%	72.18%	70.86%
Total Liabilities & Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities & Equity Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	87,805,000	101,614,400	126,159,100	113,674,800	111,574,800	73,746,960	61,455,067	107,734,000	81,705,000	73,976,000	95,025,000	149,632,000	240,128,000	144,917,000	132,545,000	125,265,000	110,664,000	92,990,000	86,788,000	96,308,000	86,774,000	80,671,000	92,667,000	139,577,000	96,919,000	85,902,000	111,309,000	0	-387,822,000	0	0	0	0	-22,000	0	0	0
Total Investments Margin	4.11%	5.05%	7.32%	6.52%	6.15%	4.11%	3.42%	4.73%	4.20%	3.40%	4.35%	8.59%	15.53%	8.56%	8.32%	7.93%	7.62%	5.28%	4.11%	5.26%	5.33%	4.54%	5.26%	6.80%	4.04%	4.21%	4.97%	0.00%	-20.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	2,715,718,000	2,709,834,800	2,407,827,400	2,121,537,600	1,820,599,600	1,733,438,120	1,628,947,933	2,789,895,000	2,740,721,000	2,616,538,000	2,646,361,000	2,755,659,000	2,674,420,000	2,168,490,000	1,901,759,000	1,828,151,000	1,956,280,000	1,970,413,000	1,686,157,000	1,584,142,000	1,495,506,000	1,008,572,000	853,829,000	843,095,000	1,030,761,000	812,254,000	1,048,989,000	1,070,798,000	1,238,224,000	1,456,289,000	1,549,075,000	1,609,575,000	1,552,261,000	1,256,624,000	1,205,800,000	763,400,000	754,400,000
Net Debt Margin	127.93%	132.60%	133.38%	117.38%	99.00%	94.48%	93.03%	122.50%	140.92%	120.37%	121.06%	158.13%	172.96%	128.06%	119.41%	115.71%	134.69%	111.90%	79.80%	86.59%	91.93%	56.70%	48.50%	41.10%	42.94%	39.82%	46.84%	57.55%	64.90%	75.79%	105.78%	78.14%	109.90%	99.47%	96.62%	60.31%	62.45%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Revenue	2,132,040,667	2,064,965,400	1,818,941,500	1,819,910,333	1,889,515,150	1,880,198,000	1,780,081,333	2,277,541,000	1,944,810,000	2,173,771,000	2,186,046,000	1,742,659,000	1,546,291,000	1,693,332,000	1,592,668,000	1,579,881,000	1,452,416,000	1,760,913,000	2,113,081,000	1,829,551,000	1,626,853,000	1,778,842,000	1,760,503,000	2,051,543,000	2,400,361,000	2,039,566,000	2,239,675,000	1,860,774,000	1,907,968,000	1,921,573,000	1,464,496,000	2,059,836,000	1,412,416,000	1,263,274,000	1,248,000,000	1,265,800,000	1,208,000,000
Working Capital	-548,964,667	-708,403,200	-336,061,000	-259,553,800	-138,955,450	-149,581,720	-179,014,533	-515,037,000	-739,973,000	-391,884,000	-1,181,438,000	-713,684,000	-145,375,000	-59,285,000	104,531,000	172,241,000	109,294,000	-70,339,000	-113,244,000	146,506,000	-378,903,000	-116,717,000	251,053,000	458,463,000	124,907,000	114,792,000	164,983,000	112,819,000	-50,851,000	-139,344,000	-373,490,000	-509,568,000	-484,299,000	-381,794,000	-478,900,000	-155,500,000	-130,400,000
Working Capital Margin	-26.23%	-34.74%	-16.16%	-12.85%	-6.90%	-7.68%	-10.60%	-22.61%	-38.05%	-18.03%	-54.04%	-40.95%	-9.40%	-3.50%	6.56%	10.90%	7.52%	-3.99%	-5.36%	8.01%	-23.29%	-6.56%	14.26%	22.35%	5.20%	5.63%	7.37%	6.06%	-2.67%	-7.25%	-25.50%	-24.74%	-34.29%	-30.22%	-38.37%	-12.28%	-10.79%
Total Capital	5,730,104,000	5,307,202,000	4,730,026,700	4,393,210,067	3,981,370,500	3,696,607,280	3,421,974,800	5,927,665,000	5,627,286,000	5,635,361,000	4,772,305,000	4,573,393,000	4,666,947,000	4,327,943,000	4,068,695,000	4,087,416,000	3,613,256,000	4,109,449,000	4,133,726,000	3,843,729,000	3,530,095,000	2,980,885,000	2,994,971,000	2,840,384,000	2,702,599,000	2,629,143,000	2,562,162,000	2,357,988,000	2,558,078,000	2,645,100,000	2,578,149,000	2,648,457,000	2,571,823,000	2,225,139,000	2,126,300,000	1,691,100,000	1,629,700,000
Total Capital Margin	269.62%	257.92%	261.00%	242.24%	214.90%	200.05%	193.28%	260.27%	289.35%	259.24%	218.31%	262.44%	301.82%	255.59%	255.46%	258.72%	248.78%	233.37%	195.63%	210.09%	216.99%	167.57%	170.12%	138.45%	112.59%	128.91%	114.40%	126.72%	134.07%	137.65%	176.04%	128.58%	182.09%	176.14%	170.38%	133.60%	134.91%
Capital Employed	7,497,055,333	6,934,710,200	6,386,151,500	6,140,153,200	5,589,144,450	5,071,567,560	4,570,587,100	7,793,340,000	7,223,878,000	7,473,948,000	5,953,693,000	6,228,692,000	6,761,358,000	6,040,249,000	5,596,426,000	5,457,281,000	5,332,650,000	6,118,799,000	6,249,021,000	5,916,176,000	5,200,663,000	4,756,124,000	4,581,301,000	4,450,622,000	3,755,616,000	3,449,066,000	3,443,986,000	3,262,695,000	3,262,149,000	3,177,609,000	2,721,751,000	2,582,096,000	2,428,318,000	2,203,506,000	1,995,100,000	1,903,100,000	1,798,400,000
Capital Employed Margin	352.48%	337.44%	354.52%	339.92%	302.76%	275.13%	256.12%	342.18%	371.44%	343.82%	272.35%	357.42%	437.26%	356.71%	351.39%	345.42%	367.16%	347.48%	295.73%	323.37%	319.68%	267.37%	260.23%	216.94%	156.46%	169.11%	153.77%	175.34%	170.98%	165.36%	185.85%	125.35%	171.93%	174.43%	159.86%	150.35%	148.87%
Invested Capital	5,684,492,333	5,264,319,800	4,612,977,900	4,290,493,400	3,847,940,800	3,580,518,560	3,321,065,967	5,884,499,000	5,589,064,000	5,579,914,000	4,726,257,000	4,541,865,000	4,646,406,000	4,307,515,000	3,839,089,000	3,531,886,000	3,483,284,000	3,995,853,000	4,096,840,000	3,778,871,000	3,455,601,000	2,900,457,000	2,599,800,000	2,432,331,000	2,634,360,000	2,442,373,000	2,492,551,000	2,300,381,000	2,491,925,000	2,593,679,000	2,555,933,000	2,612,230,000	2,539,698,000	2,195,917,000	2,095,900,000	1,677,100,000	1,610,400,000
Invested Capital Margin	267.48%	255.86%	253.86%	236.09%	207.42%	193.56%	187.54%	258.37%	287.38%	256.69%	216.20%	260.63%	300.49%	254.38%	241.05%	223.55%	239.83%	226.92%	193.88%	206.55%	212.41%	163.05%	147.67%	118.56%	109.75%	119.75%	111.29%	123.62%	130.61%	134.98%	174.53%	126.82%	179.81%	173.83%	167.94%	132.49%	133.31%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Revenue	2,132,040,667	2,064,965,400	1,818,941,500	1,819,910,333	1,889,515,150	1,880,198,000	1,780,081,333	2,277,541,000	1,944,810,000	2,173,771,000	2,186,046,000	1,742,659,000	1,546,291,000	1,693,332,000	1,592,668,000	1,579,881,000	1,452,416,000	1,760,913,000	2,113,081,000	1,829,551,000	1,626,853,000	1,778,842,000	1,760,503,000	2,051,543,000	2,400,361,000	2,039,566,000	2,239,675,000	1,860,774,000	1,907,968,000	1,921,573,000	1,464,496,000	2,059,836,000	1,412,416,000	1,263,274,000	1,248,000,000	1,265,800,000	1,208,000,000
Net Income	357,627,667	400,510,200	256,711,400	215,038,667	214,484,750	200,315,760	183,393,367	518,504,000	77,513,000	476,866,000	566,021,000	363,647,000	-123,772,000	304,290,000	391,521,000	283,482,000	-290,958,000	-379,427,000	299,413,000	260,001,000	220,077,000	258,402,000	219,133,000	100,708,000	268,728,000	337,455,000	138,091,000	189,488,000	166,586,000	178,944,000	117,682,000	65,499,000	127,207,000	115,000,000	32,300,000	114,700,000	104,700,000
Net Income Margin	16.23%	19.09%	12.79%	10.85%	10.70%	10.14%	9.73%	22.77%	3.99%	21.94%	25.89%	20.87%	-8.00%	17.97%	24.58%	17.94%	-20.03%	-21.55%	14.17%	14.21%	13.53%	14.53%	12.45%	4.91%	11.20%	16.55%	6.17%	10.18%	8.73%	9.31%	8.04%	3.18%	9.01%	9.10%	2.59%	9.06%	8.67%
Depreciation & Amortization	441,064,333	405,657,200	377,411,500	354,591,400	309,601,140	255,406,672	212,838,893	456,594,000	457,026,000	409,573,000	369,790,000	335,303,000	755,596,000	275,660,000	240,961,000	224,195,000	249,417,000	336,158,000	383,781,000	326,760,000	271,530,000	226,527,000	178,700,800	173,410,000	170,623,000	170,803,000	179,615,000	193,144,000	0	0	0	0	0	0	0	0	0
Depreciation & Amortization Margin	20.80%	19.71%	21.02%	19.65%	16.84%	13.89%	11.57%	20.05%	23.50%	18.84%	16.92%	19.24%	48.87%	16.28%	15.13%	14.19%	17.17%	19.09%	18.16%	17.86%	16.69%	12.73%	10.15%	8.45%	7.11%	8.37%	8.02%	10.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Income Tax	90,022,333	96,095,000	51,008,100	51,413,133	51,173,400	47,548,720	40,869,200	121,274,000	-2,610,000	151,403,000	104,415,000	105,993,000	54,313,000	122,265,000	-18,153,000	117,975,000	-246,794,000	-357,587,000	142,415,000	167,887,000	144,150,000	164,251,000	134,679,000	-2,521,000	72,496,000	52,847,000	-5,230,000	40,388,000	40,329,000	78,369,000	62,013,000	-55,849,000	41,858,000	14,000,000	-26,200,000	3,800,000	3,900,000
Deferred Income Tax Margin	4.05%	4.60%	2.31%	2.45%	2.48%	2.38%	2.07%	5.32%	-0.13%	6.96%	4.78%	6.08%	3.51%	7.22%	-1.14%	7.47%	-16.99%	-20.31%	6.74%	9.18%	8.86%	9.23%	7.65%	-0.12%	3.02%	2.59%	-0.23%	2.17%	2.11%	4.08%	4.23%	-2.71%	2.96%	1.11%	-2.10%	0.30%	0.32%
Stock-Based Compensation	14,236,667	15,856,200	14,917,700	11,788,867	6,722,010	5,377,608	4,481,340	0	22,080,000	20,630,000	19,506,000	17,065,000	14,931,000	21,186,000	15,762,000	12,262,000	5,755,000	3,208,000	11,763,000	12,446,000	-985,000	1,224,000	13,200	-5,927,000	-16,275,000	-13,689,000	-6,515,000	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	0.69%	0.79%	0.83%	0.65%	0.39%	0.31%	0.26%	0.00%	1.14%	0.95%	0.89%	0.98%	0.97%	1.25%	0.99%	0.78%	0.40%	0.18%	0.56%	0.68%	-0.06%	0.07%	0.00%	-0.29%	-0.68%	-0.67%	-0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-19,284,667	-77,586,200	-49,018,600	-16,809,933	-7,978,500	-11,927,280	-11,853,167	-185,222,000	-31,588,000	158,956,000	-247,925,000	-82,152,000	33,214,000	-37,526,000	-30,921,000	30,118,000	-97,140,000	123,185,000	62,596,000	-42,812,000	32,958,000	62,110,000	-78,385,000	142,170,000	-19,631,000	-6,379,000	54,804,000	-91,109,000	32,336,000	-79,830,000	-40,913,000	40,904,000	-78,913,000	4,500,000	3,100,000	56,600,000	-42,700,000
Change in Working Capital Margin	-0.81%	-3.70%	-2.53%	-0.81%	-0.42%	-0.66%	-0.69%	-8.13%	-1.62%	7.31%	-11.34%	-4.71%	2.15%	-2.22%	-1.94%	1.91%	-6.69%	7.00%	2.96%	-2.34%	2.03%	3.49%	-4.45%	6.93%	-0.82%	-0.31%	2.45%	-4.90%	1.69%	-4.15%	-2.79%	1.99%	-5.59%	0.36%	0.25%	4.47%	-3.53%
Accounts Receivable	64,475,667	-7,351,000	-3,037,600	3,427,733	12,052,050	9,835,240	8,196,033	-54,521,000	34,369,000	213,579,000	-168,769,000	-61,413,000	0	6,379,000	0	0	0	51,638,000	12,408,000	0	13,859,000	3,887,000	10,262,000	161,354,000	0	0	18,009,000	0	4,840,000	0	0	0	0	0	0	0	0
Accounts Receivable Margin	3.07%	-0.41%	-0.17%	0.19%	0.61%	0.50%	0.41%	-2.39%	1.77%	9.83%	-7.72%	-3.52%	0.00%	0.38%	0.00%	0.00%	0.00%	2.93%	0.59%	0.00%	0.85%	0.22%	0.58%	7.87%	0.00%	0.00%	0.80%	0.00%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	-1,803,000	-862,800	-431,400	1,187,600	5,367,250	3,287,320	2,012,533	-7,147,000	1,738,000	0	3,109,000	-2,014,000	0	0	0	0	0	3,438,000	13,285,000	0	5,405,000	0	6,546,000	81,306,000	0	0	1,679,000	1,934,000	13,662,000	-12,421,000	8,717,000	-37,054,000	-13,707,000	-7,800,000	-1,300,000	7,300,000	-6,300,000
Inventory Margin	-0.07%	-0.04%	-0.02%	0.06%	0.27%	0.17%	0.09%	-0.31%	0.09%	0.00%	0.14%	-0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	0.63%	0.00%	0.33%	0.00%	0.37%	3.96%	0.00%	0.00%	0.07%	0.10%	0.72%	-0.65%	0.60%	-1.80%	-0.97%	-0.62%	-0.10%	0.58%	-0.52%
Accounts Payable	7,869,000	11,299,400	-2,505,300	6,425,400	3,868,650	3,094,920	2,579,100	12,785,000	-10,683,000	21,505,000	12,305,000	20,585,000	2,114,000	-24,770,000	21,356,000	-2,345,000	-77,905,000	57,720,000	36,066,000	1,167,000	-10,551,000	37,032,000	-59,622,000	41,876,000	25,107,000	-26,002,000	-367,000	0	0	0	0	0	0	0	0	0	0
Accounts Payable Margin	0.33%	0.55%	-0.28%	0.25%	0.11%	0.09%	0.07%	0.56%	-0.55%	0.99%	0.56%	1.18%	0.14%	-1.46%	1.34%	-0.15%	-5.36%	3.28%	1.71%	0.06%	-0.65%	2.08%	-3.39%	2.04%	1.05%	-1.27%	-0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-89,826,333	-80,671,800	-43,044,300	-27,850,667	-29,266,450	-28,144,760	-24,640,833	-136,339,000	-57,012,000	-76,128,000	-94,570,000	-39,310,000	31,100,000	-19,135,000	-52,277,000	32,463,000	-19,235,000	10,389,000	837,000	-43,979,000	24,245,000	21,191,000	-35,571,000	-142,366,000	-44,738,000	19,623,000	35,483,000	-93,043,000	13,834,000	-67,409,000	-49,630,000	77,958,000	-65,206,000	12,300,000	4,400,000	49,300,000	-36,400,000
Other Working Capital Margin	-4.14%	-3.80%	-2.07%	-1.32%	-1.40%	-1.42%	-1.26%	-5.99%	-2.93%	-3.50%	-4.33%	-2.26%	2.01%	-1.13%	-3.28%	2.05%	-1.32%	0.59%	0.04%	-2.40%	1.49%	1.19%	-2.02%	-6.94%	-1.86%	0.96%	1.58%	-5.00%	0.73%	-3.51%	-3.39%	3.78%	-4.62%	0.97%	0.35%	3.89%	-3.01%
Other Non-Cash Items	250,688,000	160,895,000	182,091,800	195,459,467	155,483,400	160,508,520	158,840,233	188,877,000	543,540,000	19,647,000	714,000	51,697,000	6,527,000	8,608,000	16,133,000	16,476,000	968,699,000	1,128,043,000	9,422,000	14,290,000	-6,943,000	-33,838,000	5,554,000	201,592,000	6,835,000	-146,840,000	110,635,000	-14,565,000	197,898,000	149,354,000	206,768,000	363,590,000	148,094,000	138,400,000	243,800,000	119,600,000	102,600,000
Other Non-Cash Items Margin	12.38%	8.03%	10.98%	11.52%	9.05%	9.20%	9.63%	8.29%	27.95%	0.90%	0.03%	2.97%	0.42%	0.51%	1.01%	1.04%	66.70%	64.06%	0.45%	0.78%	-0.43%	-1.90%	0.32%	9.83%	0.28%	-7.20%	4.94%	-0.78%	10.37%	7.77%	14.12%	17.65%	10.49%	10.96%	19.54%	9.45%	8.49%
Net Cash from Operating Activities	1,134,354,333	1,001,427,400	833,121,900	811,481,600	729,486,200	657,230,000	588,569,867	1,100,027,000	1,065,961,000	1,237,075,000	812,521,000	791,553,000	740,809,000	694,483,000	615,303,000	684,508,000	588,979,000	853,580,000	909,390,000	738,572,000	660,787,000	678,676,000	459,695,000	609,432,000	482,776,000	394,197,000	471,400,000	317,346,000	437,149,000	326,837,000	345,550,000	414,144,000	238,246,000	271,900,000	253,000,000	294,700,000	168,500,000
Net Cash from Operating Activities Margin	53.34%	48.52%	45.40%	44.31%	39.05%	35.27%	32.59%	48.30%	54.81%	56.91%	37.17%	45.42%	47.91%	41.01%	38.63%	43.33%	40.55%	48.47%	43.04%	40.37%	40.62%	38.15%	26.11%	29.71%	20.11%	19.33%	21.05%	17.05%	22.91%	17.01%	23.60%	20.11%	16.87%	21.52%	20.27%	23.28%	13.95%
Capital Expenditures (PPE)	-951,308,333	-883,497,000	-804,474,900	-837,013,467	-714,475,850	-614,348,520	-555,579,467	-912,821,000	-931,236,000	-1,009,868,000	-811,826,000	-751,734,000	-1,222,411,000	-788,938,000	-584,004,000	-450,335,000	-581,576,000	-1,018,179,000	-914,417,000	-703,461,000	-1,036,784,000	-837,612,000	-455,764,000	-309,930,000	-397,734,000	-276,728,000	-294,159,000	-219,530,000	-172,341,000	-152,251,000	-232,368,000	-292,706,000	-269,371,000	-260,500,000	-393,200,000	-214,000,000	-171,600,000
Capital Expenditures (PPE) Margin	-44.81%	-42.94%	-44.56%	-46.39%	-39.01%	-33.56%	-31.38%	-40.08%	-47.88%	-46.46%	-37.14%	-43.14%	-79.05%	-46.59%	-36.67%	-28.50%	-40.04%	-57.82%	-43.27%	-38.45%	-63.73%	-47.09%	-25.89%	-15.11%	-16.57%	-13.57%	-13.13%	-11.80%	-9.03%	-7.92%	-15.87%	-14.21%	-19.07%	-20.62%	-31.51%	-16.91%	-14.21%
Acquisitions (Net)	0	0	0	3,957,667	15,696,850	12,557,480	10,464,567	0	0	0	0	0	0	0	0	0	0	0	0	0	0	59,365,000	53,770,000	-31,290,000	0	232,092,000	0	0	0	0	0	0	0	0	0	0	0
Acquisitions (Net) Margin	0.00%	0.00%	0.00%	0.22%	0.81%	0.65%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.34%	3.05%	-1.53%	0.00%	11.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0	0	0	0	-65,850	-52,680	-43,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,317,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Purchases of 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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	3,333,333	8,000,000	4,000,000	2,666,667	2,000,000	1,600,000	1,333,333	0	0	10,000,000	30,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Sales / Maturities of Investments Margin	0.15%	0.37%	0.18%	0.12%	0.09%	0.07%	0.06%	0.00%	0.00%	0.46%	1.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 Investing Activities	-31,342,333	57,522,400	48,713,700	36,242,333	27,348,350	26,037,480	13,415,633	21,121,000	-2,669,000	-112,479,000	263,122,000	118,517,000	-1,205,000	-10,237,000	55,117,000	27,770,000	128,080,000	-6,611,000	5,982,000	-2,522,000	446,000	59,203,000	-251,000	-4,806,000	68,742,000	-57,136,000	-3,217,000	116,206,000	9,136,000	47,421,000	26,544,000	-95,337,000	-114,968,000	-2,700,000	-109,900,000	-19,600,000	-1,300,000
Other Investing Activities Margin	-1.46%	2.89%	2.78%	2.06%	1.53%	1.48%	0.61%	0.93%	-0.14%	-5.17%	12.04%	6.80%	-0.08%	-0.60%	3.46%	1.76%	8.82%	-0.38%	0.28%	-0.14%	0.03%	3.33%	-0.01%	-0.23%	2.86%	-2.80%	-0.14%	6.25%	0.48%	2.47%	1.81%	-4.63%	-8.14%	-0.21%	-8.81%	-1.55%	-0.11%
Net Cash from Investing Activities	-979,317,333	-817,974,600	-751,761,200	-794,146,800	-669,496,500	-574,206,240	-530,409,833	-891,700,000	-933,905,000	-1,112,347,000	-518,704,000	-633,217,000	-1,223,616,000	-799,175,000	-528,887,000	-422,565,000	-453,496,000	-1,024,790,000	-908,435,000	-705,983,000	-1,036,338,000	-719,044,000	-402,245,000	-347,343,000	-328,992,000	-101,772,000	-297,376,000	-103,324,000	-163,205,000	-104,830,000	-205,824,000	-388,043,000	-384,339,000	-263,200,000	-503,100,000	-233,600,000	-172,900,000
Net Cash from Investing Activities Margin	-46.11%	-39.68%	-41.59%	-43.99%	-36.58%	-31.36%	-30.17%	-39.15%	-48.02%	-51.17%	-23.73%	-36.34%	-79.13%	-47.20%	-33.21%	-26.75%	-31.22%	-58.20%	-42.99%	-38.59%	-63.70%	-40.42%	-22.85%	-16.93%	-13.71%	-4.99%	-13.28%	-5.55%	-8.55%	-5.46%	-14.05%	-18.84%	-27.21%	-20.83%	-40.31%	-18.45%	-14.31%
Net Debt Issuance	40,836,000	26,412,000	67,872,600	100,990,733	81,494,550	45,134,160	58,891,300	44,143,000	102,559,000	-24,194,000	-98,500,000	108,052,000	467,807,000	55,200,000	-271,492,000	295,151,000	0	359,035,000	85,600,000	74,415,000	477,085,000	-160,000,000	0	147,780,000	96,631,000	-119,576,000	-9,805,000	-128,676,000	-204,485,000	-126,935,000	-85,213,000	43,772,000	208,385,000	51,600,000	324,200,000	-9,100,000	63,300,000
Net Debt Issuance Margin	2.03%	1.56%	4.29%	6.12%	4.84%	2.75%	3.94%	1.94%	5.27%	-1.11%	-4.51%	6.20%	30.25%	3.26%	-17.05%	18.68%	0.00%	20.39%	4.05%	4.07%	29.33%	-8.99%	0.00%	7.20%	4.03%	-5.86%	-0.44%	-6.92%	-10.72%	-6.61%	-5.82%	2.13%	14.75%	4.08%	25.98%	-0.72%	5.24%
Long-Term Debt Issuance	10,769,333	2,372,000	52,852,600	90,977,400	73,984,550	42,196,520	56,443,267	-15,357,000	299,359,000	-251,694,000	0	-20,448,000	493,007,000	0	-271,492,000	295,151,000	0	444,635,000	0	245,415,000	346,085,000	-200,000,000	0	147,780,000	96,631,000	-119,576,000	-9,805,000	-13,317,000	-243,085,000	-126,935,000	-85,213,000	43,772,000	208,385,000	51,600,000	324,200,000	-9,100,000	63,300,000
Long-Term Debt Issuance Margin	1.05%	0.39%	3.55%	5.61%	4.46%	2.61%	3.82%	-0.67%	15.39%	-11.58%	0.00%	-1.17%	31.88%	0.00%	-17.05%	18.68%	0.00%	25.25%	0.00%	13.41%	21.27%	-11.24%	0.00%	7.20%	4.03%	-5.86%	-0.44%	-0.72%	-12.74%	-6.61%	-5.82%	2.13%	14.75%	4.08%	25.98%	-0.72%	5.24%
Short-Term Debt Issuance	30,066,667	24,040,000	15,020,000	10,013,333	7,510,000	2,937,640	2,448,033	59,500,000	-196,800,000	227,500,000	-98,500,000	128,500,000	-25,200,000	55,200,000	0	0	0	-85,600,000	85,600,000	-171,000,000	131,000,000	40,000,000	0	0	0	0	0	-115,359,000	38,600,000	0	0	0	0	0	0	0	0
Short-Term Debt Issuance Margin	0.99%	1.17%	0.75%	0.51%	0.38%	0.14%	0.11%	2.61%	-10.12%	10.47%	-4.51%	7.37%	-1.63%	3.26%	0.00%	0.00%	0.00%	-4.86%	4.05%	-9.35%	8.05%	2.25%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.20%	2.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-44,613,000	-29,426,200	3,133,800	4,300,000	-5,403,700	-4,221,080	-1,884,967	-59,088,000	-68,042,000	-6,709,000	-9,590,000	-3,702,000	161,603,000	-8,877,000	4,110,000	7,784,000	13,849,000	10,540,000	7,474,000	5,395,000	10,345,000	-592,000	26,057,000	28,176,000	-219,574,000	-30,572,000	23,339,000	20,279,000	23,763,000	17,019,000	-70,059,000	11,545,000	14,278,000	10,700,000	7,900,000	7,100,000	9,000,000
Net Stock Issuance Margin	-2.13%	-1.41%	0.46%	0.43%	-0.02%	-0.05%	0.08%	-2.59%	-3.50%	-0.31%	-0.44%	-0.21%	10.45%	-0.52%	0.26%	0.49%	0.95%	0.60%	0.35%	0.29%	0.64%	-0.03%	1.48%	1.37%	-9.15%	-1.50%	1.04%	1.09%	1.25%	0.89%	-4.78%	0.56%	1.01%	0.85%	0.63%	0.56%	0.75%
Common Stock Issuance	0	0	2,574,300	2,917,133	7,812,950	9,591,200	9,625,267	0	0	0	0	0	0	0	4,110,000	7,784,000	13,849,000	10,540,000	7,474,000	0	0	0	26,057,000	28,176,000	17,432,000	17,498,000	23,339,000	20,279,000	23,763,000	17,019,000	10,915,000	11,545,000	14,278,000	10,700,000	7,900,000	7,100,000	9,000,000
Common Stock Issuance Margin	0.00%	0.00%	0.17%	0.18%	0.41%	0.51%	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%	0.49%	0.95%	0.60%	0.35%	0.00%	0.00%	0.00%	1.48%	1.37%	0.73%	0.86%	1.04%	1.09%	1.25%	0.89%	0.75%	0.56%	1.01%	0.85%	0.63%	0.56%	0.75%
Common Stock Repurchased	-44,613,000	-29,426,200	559,500	1,382,867	-13,216,650	-13,812,280	-11,510,233	-59,088,000	-68,042,000	-6,709,000	-9,590,000	-3,702,000	161,603,000	-8,877,000	0	0	0	0	0	5,395,000	10,345,000	-592,000	0	0	-237,006,000	-48,070,000	0	0	0	0	-80,974,000	0	0	0	0	0	0
Common Stock Repurchased Margin	-2.13%	-1.41%	0.29%	0.25%	-0.42%	-0.56%	-0.47%	-2.59%	-3.50%	-0.31%	-0.44%	-0.21%	10.45%	-0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.29%	0.64%	-0.03%	0.00%	0.00%	-9.87%	-2.36%	0.00%	0.00%	0.00%	0.00%	-5.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	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 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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	-182,777,333	-175,913,600	-159,745,300	-147,392,067	-136,360,800	-122,866,720	-113,583,800	-188,438,000	-183,798,000	-176,096,000	-168,147,000	-163,089,000	-153,322,000	-147,418,000	-143,258,000	-139,063,000	-134,824,000	-130,719,000	-126,642,000	-122,710,000	-118,798,000	-114,559,000	-109,596,000	-104,158,000	-103,683,000	-100,632,000	-98,266,000	-94,159,000	-89,092,000	-84,530,000	0	-76,671,000	-73,046,000	-70,100,000	-67,200,000	-64,300,000	-61,200,000
Net Dividends Paid Margin	-8.61%	-8.58%	-8.86%	-8.16%	-7.37%	-6.61%	-6.38%	-8.27%	-9.45%	-8.10%	-7.69%	-9.36%	-9.92%	-8.71%	-8.99%	-8.80%	-9.28%	-7.42%	-5.99%	-6.71%	-7.30%	-6.44%	-6.23%	-5.08%	-4.32%	-4.93%	-4.39%	-5.06%	-4.67%	-4.40%	0.00%	-3.72%	-5.17%	-5.55%	-5.38%	-5.08%	-5.07%
Common Dividends Paid	-182,777,333	-175,913,600	-159,745,300	-147,392,067	-136,360,800	-122,866,720	-113,583,800	-188,438,000	-183,798,000	-176,096,000	-168,147,000	-163,089,000	-153,322,000	-147,418,000	-143,258,000	-139,063,000	-134,824,000	-130,719,000	-126,642,000	-122,710,000	-118,798,000	-114,559,000	-109,596,000	-104,158,000	-103,683,000	-100,632,000	-98,266,000	-94,159,000	-89,092,000	-84,530,000	0	-76,671,000	-73,046,000	-70,100,000	-67,200,000	-64,300,000	-61,200,000
Common Dividends Paid Margin	-8.61%	-8.58%	-8.86%	-8.16%	-7.37%	-6.61%	-6.38%	-8.27%	-9.45%	-8.10%	-7.69%	-9.36%	-9.92%	-8.71%	-8.99%	-8.80%	-9.28%	-7.42%	-5.99%	-6.71%	-7.30%	-6.44%	-6.23%	-5.08%	-4.32%	-4.93%	-4.39%	-5.06%	-4.67%	-4.40%	0.00%	-3.72%	-5.17%	-5.55%	-5.38%	-5.08%	-5.07%
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	0	0	186,800	1,067,267	-677,300	-1,048,880	-882,467	0	0	0	0	0	0	0	0	0	1,868,000	9,064,000	4,641,000	675,000	985,000	-1,224,000	13,207,000	5,927,000	16,275,000	13,689,000	-78,653,000	-12,676,000	0	0	0	0	-152,000	0	0	0	-100,000
Other Financing Activities Margin	0.00%	0.00%	0.01%	0.06%	-0.01%	-0.04%	-0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%	0.51%	0.22%	0.04%	0.06%	-0.07%	0.75%	0.29%	0.68%	0.67%	-3.51%	-0.68%	0.00%	0.00%	0.00%	0.00%	-0.01%	0.00%	0.00%	0.00%	-0.01%
Net Cash from Financing Activities	-186,554,333	-178,927,800	-88,552,100	-41,034,067	-60,947,250	-83,002,520	-57,459,933	-203,383,000	-149,281,000	-206,999,000	-276,237,000	-58,739,000	476,088,000	-101,095,000	-410,640,000	163,872,000	-119,107,000	247,920,000	-28,927,000	-42,225,000	369,617,000	-276,375,000	-70,332,000	77,725,000	-210,351,000	-237,091,000	-163,385,000	-215,232,000	-269,814,000	-194,446,000	-155,272,000	-21,354,000	149,465,000	-7,800,000	264,900,000	-66,300,000	11,000,000
Net Cash from Financing Activities Margin	-8.71%	-8.43%	-4.09%	-1.56%	-2.56%	-3.95%	-2.39%	-8.93%	-7.68%	-9.52%	-12.64%	-3.37%	30.79%	-5.97%	-25.78%	10.37%	-8.20%	14.08%	-1.37%	-2.31%	22.72%	-15.54%	-3.99%	3.79%	-8.76%	-11.62%	-7.30%	-11.57%	-14.14%	-10.12%	-10.60%	-1.04%	10.58%	-0.62%	21.23%	-5.24%	0.91%
Effect of FX on Cash	0	0	0	0	61,300	339,480	247,267	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-139,000	1,365,000	1,276,000	3,451,000	1,644,000	1,535,000	-645,000	-469,000	-2,100,000	1,600,000	-100,000	0
Effect of FX on Cash Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	0.06%	0.07%	0.18%	0.09%	0.10%	-0.03%	-0.03%	-0.17%	0.13%	-0.01%	0.00%
Net Change in Cash	-31,517,333	4,525,000	-7,043,000	-23,600,333	-822,050	706,120	1,235,200	4,944,000	-17,225,000	-82,271,000	17,580,000	99,597,000	-6,719,000	-205,787,000	-324,224,000	427,299,000	16,376,000	76,710,000	-27,972,000	-9,636,000	-5,934,000	-316,743,000	-12,882,000	339,814,000	-56,567,000	55,195,000	12,004,000	66,000	14,732,000	29,205,000	-14,011,000	4,102,000	2,903,000	-1,200,000	16,400,000	-5,300,000	6,600,000
Net Change in Cash Margin	-1.48%	0.41%	-0.27%	-1.22%	-0.08%	0.00%	0.05%	0.22%	-0.89%	-3.78%	0.80%	5.72%	-0.43%	-12.15%	-20.36%	27.05%	1.13%	4.36%	-1.32%	-0.53%	-0.36%	-17.81%	-0.73%	16.56%	-2.36%	2.71%	0.54%	0.00%	0.77%	1.52%	-0.96%	0.20%	0.21%	-0.09%	1.31%	-0.42%	0.55%
Cash at Beginning of Period	77,129,000	74,413,200	143,321,200	139,136,600	140,768,250	120,595,800	104,017,233	38,222,000	55,447,000	137,718,000	120,138,000	20,541,000	27,260,000	233,047,000	557,271,000	129,972,000	113,596,000	36,886,000	64,858,000	74,494,000	80,428,000	397,171,000	408,053,000	68,239,000	124,806,000	69,611,000	57,607,000	57,541,000	51,421,000	22,216,000	36,227,000	32,125,000	29,222,000	30,400,000	14,000,000	19,300,000	12,700,000
Cash at Beginning of Period Margin	3.62%	3.51%	8.41%	8.04%	7.91%	6.77%	5.91%	1.68%	2.85%	6.34%	5.50%	1.18%	1.76%	13.76%	34.99%	8.23%	7.82%	2.09%	3.07%	4.07%	4.94%	22.33%	23.18%	3.33%	5.20%	3.41%	2.57%	3.09%	2.70%	1.16%	2.47%	1.56%	2.07%	2.41%	1.12%	1.52%	1.05%
Cash at End of Period	45,611,667	78,938,200	136,278,200	115,536,267	139,946,200	120,957,440	104,965,367	43,166,000	38,222,000	55,447,000	137,718,000	120,138,000	20,541,000	27,260,000	233,047,000	557,271,000	129,972,000	113,596,000	36,886,000	64,858,000	74,494,000	80,428,000	395,171,000	408,053,000	68,239,000	124,806,000	69,611,000	57,607,000	57,541,000	51,421,000	22,216,000	36,227,000	32,125,000	29,200,000	30,400,000	14,000,000	19,300,000
Cash at End of Period Margin	2.14%	3.92%	8.14%	6.82%	7.83%	6.75%	5.95%	1.90%	1.97%	2.55%	6.30%	6.89%	1.33%	1.61%	14.63%	35.27%	8.95%	6.45%	1.75%	3.55%	4.58%	4.52%	22.45%	19.89%	2.84%	6.12%	3.11%	3.10%	3.02%	2.68%	1.52%	1.76%	2.27%	2.31%	2.44%	1.11%	1.60%
Operating Cash Flow	1,134,354,333	1,001,427,400	833,121,900	811,388,933	729,416,700	657,174,400	588,523,533	1,100,027,000	1,065,961,000	1,237,075,000	812,521,000	791,553,000	740,809,000	694,483,000	615,303,000	684,508,000	588,979,000	853,580,000	909,390,000	738,572,000	660,787,000	677,286,000	459,695,000	609,432,000	482,776,000	394,197,000	471,400,000	317,346,000	437,149,000	326,837,000	345,550,000	414,144,000	238,246,000	271,900,000	253,000,000	294,700,000	168,500,000
Operating Cash Flow Margin	53.34%	48.52%	45.40%	44.31%	39.05%	35.26%	32.58%	48.30%	54.81%	56.91%	37.17%	45.42%	47.91%	41.01%	38.63%	43.33%	40.55%	48.47%	43.04%	40.37%	40.62%	38.07%	26.11%	29.71%	20.11%	19.33%	21.05%	17.05%	22.91%	17.01%	23.60%	20.11%	16.87%	21.52%	20.27%	23.28%	13.95%
Capital Expenditure	-951,308,333	-883,497,000	-804,474,900	-837,013,467	-714,475,850	-614,348,520	-555,579,467	-912,821,000	-931,236,000	-1,009,868,000	-811,826,000	-751,734,000	-1,222,411,000	-788,938,000	-584,004,000	-450,335,000	-581,576,000	-1,018,179,000	-914,417,000	-703,461,000	-1,036,784,000	-837,612,000	-455,764,000	-309,930,000	-397,734,000	-276,728,000	-294,159,000	-219,530,000	-172,341,000	-152,251,000	-232,368,000	-292,706,000	-269,371,000	-260,500,000	-393,200,000	-214,000,000	-171,600,000
Capital Expenditure Margin	-44.81%	-42.94%	-44.56%	-46.39%	-39.01%	-33.56%	-31.38%	-40.08%	-47.88%	-46.46%	-37.14%	-43.14%	-79.05%	-46.59%	-36.67%	-28.50%	-40.04%	-57.82%	-43.27%	-38.45%	-63.73%	-47.09%	-25.89%	-15.11%	-16.57%	-13.57%	-13.13%	-11.80%	-9.03%	-7.92%	-15.87%	-14.21%	-19.07%	-20.62%	-31.51%	-16.91%	-14.21%
Free Cash Flow	183,046,000	117,930,400	28,647,000	-25,624,533	14,940,850	42,825,880	32,944,067	187,206,000	134,725,000	227,207,000	695,000	39,819,000	-481,602,000	-94,455,000	31,299,000	234,173,000	7,403,000	-164,599,000	-5,027,000	35,111,000	-375,997,000	-160,326,000	3,931,000	299,502,000	85,042,000	117,469,000	177,241,000	97,816,000	264,808,000	174,586,000	113,182,000	121,438,000	-31,125,000	11,400,000	-140,200,000	80,700,000	-3,100,000
Free Cash Flow Margin	8.53%	5.58%	0.85%	-2.09%	0.04%	1.70%	1.21%	8.22%	6.93%	10.45%	0.03%	2.28%	-31.15%	-5.58%	1.97%	14.82%	0.51%	-9.35%	-0.24%	1.92%	-23.11%	-9.01%	0.22%	14.60%	3.54%	5.76%	7.91%	5.26%	13.88%	9.09%	7.73%	5.90%	-2.20%	0.90%	-11.23%	6.38%	-0.26%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Revenue	2,132,040,667	2,064,965,400	1,818,941,500	1,819,910,333	1,889,515,150	1,880,198,000	1,780,081,333	2,277,541,000	1,944,810,000	2,173,771,000	2,186,046,000	1,742,659,000	1,546,291,000	1,693,332,000	1,592,668,000	1,579,881,000	1,452,416,000	1,760,913,000	2,113,081,000	1,829,551,000	1,626,853,000	1,778,842,000	1,760,503,000	2,051,543,000	2,400,361,000	2,039,566,000	2,239,675,000	1,860,774,000	1,907,968,000	1,921,573,000	1,464,496,000	2,059,836,000	1,412,416,000	1,263,274,000	1,248,000,000	1,265,800,000	1,208,000,000
EBITDA	1,057,438,333	1,063,020,200	777,989,000	719,566,867	681,797,050	643,069,080	593,356,000	1,306,481,000	682,976,000	1,182,858,000	1,182,797,000	959,989,000	318,202,000	771,927,000	739,510,000	788,196,000	-153,046,000	-262,934,000	967,085,000	853,630,000	728,401,000	727,431,000	642,115,000	416,542,000	681,242,000	567,301,000	535,238,000	477,173,000	522,661,000	597,854,000	469,525,000	373,573,000	439,879,000	386,574,000	226,900,000	348,700,000	321,900,000
EBITDA Margin	48.97%	51.22%	40.80%	38.08%	35.40%	33.70%	32.55%	57.36%	35.12%	54.42%	54.11%	55.09%	20.58%	45.59%	46.43%	49.89%	-10.54%	-14.93%	45.77%	46.66%	44.77%	40.89%	36.47%	20.30%	28.38%	27.81%	23.90%	25.64%	27.39%	31.11%	32.06%	18.14%	31.14%	30.60%	18.18%	27.55%	26.65%
(-) Tax Adjustment	236,711,875	228,475,216	170,673,050	208,087,345	209,643,459	205,123,271	192,850,344	330,452,333	76,254,108	303,429,184	202,077,831	230,162,626	56,770,608	168,889,687	-14,430,985	285,139,970	67,985,135	120,120,454	374,974,910	340,770,294	295,883,734	282,830,282	247,265,448	140,248,354	261,984,471	224,228,898	197,831,848	179,991,282	198,663,897	243,182,962	178,275,759	135,098,677	165,955,671	139,321,442	96,724,689	130,619,902	124,806,842
(-) Tax Adjustment Margin	10.80%	10.97%	9.03%	11.17%	10.96%	10.83%	10.73%	14.51%	3.92%	13.96%	9.24%	13.21%	3.67%	9.97%	-0.91%	18.05%	4.68%	6.82%	17.75%	18.63%	18.19%	15.90%	14.05%	6.84%	10.91%	10.99%	8.83%	9.67%	10.41%	12.66%	12.17%	6.56%	11.75%	11.03%	7.75%	10.32%	10.33%
(-) Change In Working Capital	-19,284,667	-77,586,200	-49,018,600	-16,809,933	-7,978,500	-11,927,280	-11,853,167	-185,222,000	-31,588,000	158,956,000	-247,925,000	-82,152,000	33,214,000	-37,526,000	-30,921,000	30,118,000	-97,140,000	123,185,000	62,596,000	-42,812,000	32,958,000	62,110,000	-78,385,000	142,170,000	-19,631,000	-6,379,000	54,804,000	-91,109,000	32,336,000	-79,830,000	-40,913,000	40,904,000	-78,913,000	4,500,000	3,100,000	56,600,000	-42,700,000
(-) Change In Working Capital Margin	-0.81%	-3.70%	-2.53%	-0.81%	-0.42%	-0.66%	-0.69%	-8.13%	-1.62%	7.31%	-11.34%	-4.71%	2.15%	-2.22%	-1.94%	1.91%	-6.69%	7.00%	2.96%	-2.34%	2.03%	3.49%	-4.45%	6.93%	-0.82%	-0.31%	2.45%	-4.90%	1.69%	-4.15%	-2.79%	1.99%	-5.59%	0.36%	0.25%	4.47%	-3.53%
(-) Capital Expenditure	-951,308,333	-883,497,000	-804,474,900	-837,013,467	-714,475,850	-614,348,520	-555,579,467	-912,821,000	-931,236,000	-1,009,868,000	-811,826,000	-751,734,000	-1,222,411,000	-788,938,000	-584,004,000	-450,335,000	-581,576,000	-1,018,179,000	-914,417,000	-703,461,000	-1,036,784,000	-837,612,000	-455,764,000	-309,930,000	-397,734,000	-276,728,000	-294,159,000	-219,530,000	-172,341,000	-152,251,000	-232,368,000	-292,706,000	-269,371,000	-260,500,000	-393,200,000	-214,000,000	-171,600,000
(-) Capital Expenditure Margin	-44.81%	-42.94%	-44.56%	-46.39%	-39.01%	-33.56%	-31.38%	-40.08%	-47.88%	-46.46%	-37.14%	-43.14%	-79.05%	-46.59%	-36.67%	-28.50%	-40.04%	-57.82%	-43.27%	-38.45%	-63.73%	-47.09%	-25.89%	-15.11%	-16.57%	-13.57%	-13.13%	-11.80%	-9.03%	-7.92%	-15.87%	-14.21%	-19.07%	-20.62%	-31.51%	-16.91%	-14.21%
Unlevered Free Cash Flow	-111,297,208	28,634,184	-148,140,350	-308,724,011	-234,343,759	-164,475,431	-143,220,644	248,429,667	-292,926,108	-289,395,184	416,818,169	60,244,374	-994,193,608	-148,374,687	200,857,985	22,603,030	-705,467,135	-1,524,418,454	-384,902,910	-147,789,294	-637,224,734	-455,121,282	17,470,552	-175,806,354	41,154,529	72,723,102	-11,556,848	168,760,718	119,320,103	282,250,038	99,794,241	-95,135,677	83,465,329	-17,747,442	-266,124,689	-52,519,902	68,193,158
Unlevered Free Cash Flow Margin	-5.82%	1.01%	-10.25%	-18.68%	-14.15%	-10.03%	-8.87%	10.91%	-15.06%	-13.31%	19.07%	3.46%	-64.30%	-8.76%	12.61%	1.43%	-48.57%	-86.57%	-18.22%	-8.08%	-39.17%	-25.59%	0.99%	-8.57%	1.71%	3.57%	-0.52%	9.07%	6.25%	14.69%	6.81%	-4.62%	5.91%	-1.40%	-21.32%	-4.15%	5.65%
(-) Net Interest Income After Taxes	-112,560,828	-111,407,087	-109,856,195	-96,123,423	-79,496,537	-63,597,229	-52,997,691	-116,418,418	-123,209,736	-98,054,330	-108,085,841	-111,267,107	-96,189,223	-83,398,885	-116,756,811	-76,484,435	-168,697,162	-139,200,218	-55,169,157	-53,937,295	-49,017,962	-45,964,768	-55,476,265	-53,736,183	-38,866,937	0	0	0	0	0	0	0	0	0	0	0	0
(-) Net Interest Income After Taxes Margin	-5.32%	-5.46%	-6.22%	-5.42%	-4.43%	-3.55%	-2.96%	-5.11%	-6.34%	-4.51%	-4.94%	-6.38%	-6.22%	-4.93%	-7.33%	-4.84%	-11.61%	-7.91%	-2.61%	-2.95%	-3.01%	-2.58%	-3.15%	-2.62%	-1.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	40,836,000	26,412,000	67,872,600	100,990,733	81,494,550	45,134,160	58,891,300	44,143,000	102,559,000	-24,194,000	-98,500,000	108,052,000	467,807,000	55,200,000	-271,492,000	295,151,000	0	359,035,000	85,600,000	74,415,000	477,085,000	-160,000,000	0	147,780,000	96,631,000	-119,576,000	-9,805,000	-128,676,000	-204,485,000	-126,935,000	-85,213,000	43,772,000	208,385,000	51,600,000	324,200,000	-9,100,000	63,300,000
Net Debt Issuance Margin	2.03%	1.56%	4.29%	6.12%	4.84%	2.75%	3.94%	1.94%	5.27%	-1.11%	-4.51%	6.20%	30.25%	3.26%	-17.05%	18.68%	0.00%	20.39%	4.05%	4.07%	29.33%	-8.99%	0.00%	7.20%	4.03%	-5.86%	-0.44%	-6.92%	-10.72%	-6.61%	-5.82%	2.13%	14.75%	4.08%	25.98%	-0.72%	5.24%
Levered Free Cash Flow	42,099,620	166,453,270	29,588,445	-111,609,855	-73,352,673	-55,744,041	-31,331,653	408,991,085	-67,157,372	-215,534,854	426,404,010	279,563,481	-430,197,385	-9,775,802	46,122,796	394,238,465	-536,769,973	-1,026,183,237	-244,133,753	-19,436,999	-111,121,771	-569,156,514	72,946,817	25,709,829	176,652,466	-46,852,898	-21,361,848	40,084,718	-85,164,897	155,315,038	14,581,241	-51,363,677	291,850,329	33,852,558	58,075,311	-61,619,902	131,493,158
Levered Free Cash Flow Margin	1.53%	8.03%	0.26%	-7.14%	-4.88%	-3.73%	-1.98%	17.96%	-3.45%	-9.92%	19.51%	16.04%	-27.82%	-0.58%	2.90%	24.95%	-36.96%	-58.28%	-11.55%	-1.06%	-6.83%	-32.00%	4.14%	1.25%	7.36%	-2.30%	-0.95%	2.15%	-4.46%	8.08%	1.00%	-2.49%	20.66%	2.68%	4.65%	-4.87%	10.89%