KLA Corporation (KLAC)

Analysis: Margins & Ratios Industry: Semiconductors Sector: Technology Live Price: $1,567.82

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	10,821,488,333	9,719,016,400	6,947,161,800	5,626,997,800	4,753,475,750	4,148,618,960	3,631,682,867	12,524,317,000	10,249,890,000	12,156,162,000	9,812,247,000	10,496,056,000	9,211,883,000	6,918,734,000	5,806,424,000	4,568,904,000	4,036,701,000	3,480,014,000	2,984,493,000	2,814,049,000	2,929,408,000	2,842,781,000	3,171,944,000	3,175,167,000	1,820,760,000	1,520,216,000	2,521,716,000	2,731,229,000	2,070,627,000	2,085,153,000	1,496,718,000	1,323,049,000	1,637,282,000	2,103,757,000	1,498,812,000	843,200,000	1,166,300,000	1,031,800,000	694,900,000
Cost of Revenue	4,242,461,333	3,818,398,000	2,730,923,500	2,238,942,467	1,927,122,650	1,699,914,760	1,498,329,133	4,807,249,000	4,061,401,000	4,581,004,000	3,928,073,000	4,218,307,000	3,592,441,000	2,772,165,000	2,449,561,000	1,869,377,000	1,447,369,000	1,287,547,000	1,163,391,000	1,215,229,000	1,232,962,000	1,237,452,000	1,330,016,000	1,259,243,000	815,662,000	864,824,000	1,145,416,000	1,190,323,000	942,091,000	862,353,000	670,013,000	671,505,000	814,393,000	937,152,000	677,805,000	447,100,000	554,900,000	471,900,000	300,300,000
Cost of Revenue Margin	39.30%	39.39%	39.19%	40.15%	41.92%	42.79%	43.48%	38.38%	39.62%	37.68%	40.03%	40.19%	39.00%	40.07%	42.19%	40.92%	35.86%	37.00%	38.98%	43.18%	42.09%	43.53%	41.93%	39.66%	44.80%	56.89%	45.42%	43.58%	45.50%	41.36%	44.77%	50.75%	49.74%	44.55%	45.22%	53.02%	47.58%	45.74%	43.21%
Gross Profit	6,579,027,000	5,900,618,400	4,216,238,300	3,388,055,333	2,826,353,100	2,448,704,200	2,133,353,733	7,717,068,000	6,188,489,000	7,575,158,000	5,884,174,000	6,277,749,000	5,619,442,000	4,146,569,000	3,356,863,000	2,699,527,000	2,589,332,000	2,192,467,000	1,821,102,000	1,598,820,000	1,696,446,000	1,605,329,000	1,841,928,000	1,915,924,000	1,005,098,000	655,392,000	1,376,300,000	1,540,906,000	1,128,536,000	1,222,800,000	826,705,000	651,544,000	822,889,000	1,166,605,000	821,007,000	396,100,000	611,400,000	559,900,000	394,600,000
Gross Profit Margin	60.70%	60.61%	60.81%	59.85%	58.08%	57.21%	56.52%	61.62%	60.38%	62.32%	59.97%	59.81%	61.00%	59.93%	57.81%	59.08%	64.14%	63.00%	61.02%	56.82%	57.91%	56.47%	58.07%	60.34%	55.20%	43.11%	54.58%	56.42%	54.50%	58.64%	55.23%	49.25%	50.26%	55.45%	54.78%	46.98%	52.42%	54.26%	56.79%
R&D Expenses	1,310,266,000	1,192,907,800	915,627,300	770,219,333	674,781,100	601,120,440	525,164,600	1,397,653,000	1,288,682,000	1,355,090,000	1,278,981,000	1,296,727,000	1,105,254,000	928,487,000	863,864,000	711,030,000	608,712,000	526,870,000	481,258,000	530,616,000	539,469,000	487,832,000	452,937,000	386,163,000	329,560,000	371,463,000	409,973,000	437,513,000	393,823,000	340,277,000	280,641,000	268,291,000	287,408,000	355,772,000	246,227,000	164,700,000	181,900,000	134,100,000	0
R&D Expenses Margin	12.18%	12.39%	13.87%	14.64%	15.67%	16.13%	15.59%	11.16%	12.57%	11.15%	13.03%	12.35%	12.00%	13.42%	14.88%	15.56%	15.08%	15.14%	16.13%	18.86%	18.42%	17.16%	14.28%	12.16%	18.10%	24.43%	16.26%	16.02%	19.02%	16.32%	18.75%	20.28%	17.55%	16.91%	16.43%	19.53%	15.60%	13.00%	0.00%
SG&A Expenses	978,286,000	904,893,400	706,990,100	599,438,733	558,673,850	504,841,320	458,353,667	1,035,124,000	926,708,000	979,023,000	969,509,000	986,326,000	860,007,000	729,602,000	734,149,000	599,124,000	443,426,000	389,336,000	379,399,000	406,864,000	384,907,000	387,812,000	372,666,000	369,431,000	361,372,000	415,126,000	466,951,000	513,525,000	424,922,000	299,961,000	248,706,000	253,933,000	290,588,000	354,368,000	267,877,000	199,100,000	242,400,000	219,400,000	200,800,000
SG&A Expenses Margin	9.11%	9.44%	10.79%	11.50%	13.87%	14.49%	15.82%	8.26%	9.04%	8.05%	9.88%	9.40%	9.34%	10.55%	12.64%	13.11%	10.98%	11.19%	12.71%	14.46%	13.14%	13.64%	11.75%	11.64%	19.85%	27.31%	18.52%	18.80%	20.52%	14.39%	16.62%	19.19%	17.75%	16.84%	17.87%	23.61%	20.78%	21.26%	28.90%
Operating Expenses	2,288,552,000	2,097,801,200	1,622,617,400	1,369,658,067	1,233,454,950	1,106,760,200	984,723,633	2,432,777,000	2,215,390,000	2,334,113,000	2,248,490,000	2,283,053,000	1,965,261,000	1,658,089,000	1,598,013,000	1,310,154,000	1,052,138,000	916,206,000	860,657,000	937,480,000	924,376,000	875,644,000	825,603,000	755,594,000	690,932,000	786,589,000	876,924,000	951,038,000	818,745,000	640,238,000	529,347,000	542,185,000	577,996,000	710,140,000	514,104,000	363,700,000	424,300,000	353,500,000	217,100,000
Operating Expenses Margin	21.29%	21.83%	24.66%	26.14%	29.55%	30.68%	31.54%	19.42%	21.61%	19.20%	22.92%	21.75%	21.33%	23.97%	27.52%	28.68%	26.06%	26.33%	28.84%	33.31%	31.56%	30.80%	26.03%	23.80%	37.95%	51.74%	34.77%	34.82%	39.54%	30.70%	35.37%	40.98%	35.30%	33.76%	34.30%	43.13%	36.38%	34.26%	31.24%
Operating Income (EBIT)	4,290,475,000	3,802,817,200	2,593,620,900	2,018,397,267	1,570,560,950	1,325,328,880	1,130,745,433	5,284,291,000	3,973,098,999	5,241,045,000	3,635,684,000	3,994,696,000	3,654,181,000	2,488,480,000	1,758,850,000	1,389,373,000	1,537,194,000	1,276,261,000	960,445,000	661,340,000	772,070,000	729,685,000	1,016,325,000	1,160,330,000	314,166,000	-577,941,000	499,376,000	589,868,000	309,791,000	582,562,000	297,358,000	138,722,000	244,893,000	458,468,000	311,541,000	-10,300,000	164,600,000	145,800,000	177,500,000
Operating Income (EBIT) Margin	39.41%	38.77%	36.15%	33.71%	27.06%	25.45%	23.65%	42.19%	38.76%	43.11%	37.05%	38.06%	39.67%	35.97%	30.29%	30.41%	38.08%	36.67%	32.18%	23.50%	26.36%	25.67%	32.04%	36.54%	17.25%	-38.02%	19.80%	21.60%	14.96%	27.94%	19.87%	10.49%	14.96%	21.79%	20.79%	-1.22%	14.11%	14.13%	25.54%
Interest Income	138,353,000	86,536,600	56,934,200	42,750,133	34,167,700	27,334,160	22,778,467	0	160,688,000	180,276,000	160,688,000	74,095,000	8,695,000	8,929,000	21,646,000	40,367,000	36,869,000	23,270,000	14,507,000	12,545,000	13,555,000	14,976,000	15,321,000	15,513,000	17,512,000	24,590,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income Margin	1.28%	0.81%	0.74%	0.65%	0.62%	0.49%	0.41%	0.00%	1.57%	1.48%	1.64%	0.71%	0.09%	0.13%	0.37%	0.88%	0.91%	0.67%	0.49%	0.45%	0.46%	0.53%	0.48%	0.49%	0.96%	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%	0.00%
Interest Expense	304,548,000	246,262,200	187,592,800	145,765,600	115,355,350	92,284,280	76,903,567	291,070,000	319,190,000	305,451,000	311,253,000	296,940,000	160,339,000	157,328,000	160,274,000	124,604,000	114,376,000	122,476,000	122,887,000	106,009,000	53,812,000	54,176,000	42,231,000	54,328,000	54,517,000	55,339,000	10,767,000	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Margin	2.84%	2.51%	2.85%	2.60%	2.30%	1.84%	1.54%	2.32%	3.11%	2.51%	3.17%	2.83%	1.74%	2.27%	2.76%	2.73%	2.83%	3.52%	4.12%	3.77%	1.84%	1.91%	1.33%	1.71%	2.99%	3.64%	0.43%	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	-166,195,000	-159,725,600	-130,658,600	-103,813,200	-81,119,250	-64,895,400	-54,079,500	-291,070,000	-158,502,000	-125,175,000	-150,565,000	-222,845,000	-151,644,000	-148,399,000	-138,628,000	-84,237,000	-77,507,000	-99,206,000	-108,380,000	-93,464,000	-40,257,000	-39,200,000	-38,876,000	-38,815,000	-37,005,000	-28,182,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income Margin	-1.56%	-1.70%	-2.11%	-1.98%	-1.68%	-1.34%	-1.12%	-2.32%	-1.55%	-1.03%	-1.53%	-2.12%	-1.65%	-2.14%	-2.39%	-1.84%	-1.92%	-2.85%	-3.63%	-3.32%	-1.37%	-1.38%	-1.23%	-1.22%	-2.03%	-1.85%	0.00%	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	582,113,333	467,870,600	366,912,300	286,943,067	210,697,500	160,414,480	127,564,200	700,124,000	714,592,999	721,772,000	596,217,000	428,351,000	316,588,000	276,425,000	580,767,000	177,379,000	158,770,000	202,221,000	210,633,000	320,673,000	77,866,000	78,264,000	69,141,000	89,079,000	59,990,000	55,339,000	-50,091,000	-87,367,000	-68,067,000	-37,755,000	-27,358,000	-41,796,000	-42,563,000	-54,116,000	-41,536,000	-60,600,000	-41,700,000	-28,200,000	-11,400,000
Unusual Items Margin	5.36%	4.71%	5.42%	5.07%	3.72%	2.50%	1.49%	5.59%	6.97%	5.94%	6.08%	4.08%	3.44%	4.00%	10.00%	3.88%	3.93%	5.81%	7.06%	11.40%	2.66%	2.75%	2.18%	2.81%	3.29%	3.64%	-1.99%	-3.20%	-3.29%	-1.81%	-1.83%	-3.16%	-2.60%	-2.57%	-2.77%	-7.19%	-3.58%	-2.73%	-1.64%
EBT Excluding Unusual Items	3,292,443,333	3,026,801,600	1,990,454,900	1,547,526,600	1,230,353,600	1,069,450,040	929,742,133	4,175,113,000	2,702,415,001	3,922,676,000	2,593,815,000	3,360,839,000	3,172,649,000	2,084,029,000	735,944,000	1,118,852,000	1,297,161,000	971,025,000	647,559,000	113,458,000	656,595,000	612,357,000	904,953,000	1,020,987,000	231,191,000	-657,870,000	610,325,000	764,602,000	445,925,000	658,072,000	352,074,000	222,314,000	330,019,000	566,700,000	394,613,000	110,900,000	248,000,000	202,200,000	200,300,000
EBT Excluding Unusual Items Margin	30.24%	31.06%	27.42%	25.52%	21.30%	21.80%	21.81%	33.34%	26.37%	32.27%	26.43%	32.02%	34.44%	30.12%	12.67%	24.49%	32.13%	27.90%	21.70%	4.03%	22.41%	21.54%	28.53%	32.16%	12.70%	-43.27%	24.20%	27.99%	21.54%	31.56%	23.52%	16.80%	20.16%	26.94%	26.33%	13.15%	21.26%	19.60%	28.82%
Pre-Tax Income	3,874,556,667	3,494,672,200	2,357,367,200	1,834,469,667	1,441,051,100	1,229,864,520	1,057,306,333	4,875,237,000	3,417,008,000	4,644,448,000	3,190,032,000	3,789,190,000	3,489,237,000	2,360,454,000	1,316,711,000	1,296,231,000	1,455,931,000	1,173,246,000	858,192,000	434,131,000	734,461,000	690,621,000	974,094,000	1,110,066,000	291,181,000	-602,531,000	560,234,000	677,235,000	377,858,000	620,317,000	324,716,000	180,518,000	287,456,000	512,584,000	353,077,000	50,300,000	206,300,000	174,000,000	188,900,000
Pre-Tax Income Margin	35.61%	35.76%	32.84%	30.59%	25.02%	24.30%	23.29%	38.93%	33.34%	38.21%	32.51%	36.10%	37.88%	34.12%	22.68%	28.37%	36.07%	33.71%	28.76%	15.43%	25.07%	24.29%	30.71%	34.96%	15.99%	-39.63%	22.22%	24.80%	18.25%	29.75%	21.70%	13.64%	17.56%	24.37%	23.56%	5.97%	17.69%	16.86%	27.18%
Income Tax Expense	470,926,667	372,611,600	314,056,400	269,424,800	219,562,150	195,336,040	173,419,333	638,405,000	450,636,000	582,805,000	428,136,000	401,839,000	167,177,000	283,101,000	101,686,000	121,214,000	653,666,000	247,170,000	153,770,000	67,973,000	151,706,000	147,472,000	218,079,000	315,578,000	78,881,000	-79,163,000	201,151,000	150,509,000	-1,507,000	157,000,000	81,015,000	43,327,000	71,290,000	139,526,000	99,279,000	11,100,000	72,200,000	68,600,000	68,000,000
Income Tax Expense Margin	4.33%	3.78%	5.17%	5.42%	4.69%	4.84%	5.05%	5.10%	4.40%	4.79%	4.36%	3.83%	1.81%	4.09%	1.75%	2.65%	16.19%	7.10%	5.15%	2.42%	5.18%	5.19%	6.88%	9.94%	4.33%	-5.21%	7.98%	5.51%	-0.07%	7.53%	5.41%	3.27%	4.35%	6.63%	6.62%	1.32%	6.19%	6.65%	9.79%
Net Income	3,403,605,333	3,122,183,000	2,043,608,000	1,565,243,000	1,221,760,500	1,022,625,840	873,968,133	4,236,832,000	2,966,372,000	4,061,643,000	2,761,896,000	3,387,277,000	3,321,807,000	2,078,292,000	1,216,785,000	1,175,617,000	802,265,000	926,076,000	704,422,000	366,158,000	582,755,000	543,149,000	756,015,000	794,488,000	212,300,000	-523,368,000	359,083,000	528,098,000	380,452,000	466,695,000	243,701,000	137,191,000	216,166,000	66,683,000	253,798,000	39,200,000	134,100,000	105,400,000	120,900,000
Net Income Margin	31.28%	31.99%	27.67%	25.17%	20.34%	18.89%	17.76%	33.83%	28.94%	33.41%	28.15%	32.27%	36.06%	30.04%	20.96%	25.73%	19.87%	26.61%	23.60%	13.01%	19.89%	19.11%	23.83%	25.02%	11.66%	-34.43%	14.24%	19.34%	18.37%	22.38%	16.28%	10.37%	13.20%	3.17%	16.93%	4.65%	11.50%	10.22%	17.40%
Depreciation and Amortization	403,643,667	381,522,000	267,059,900	206,661,200	181,410,800	159,147,280	139,924,000	198,273,000	395,150,000	394,088,000	401,730,000	415,113,000	363,344,000	333,335,000	348,049,000	233,224,000	62,684,000	52,100,000	66,932,000	80,536,000	83,072,000	87,534,000	92,133,000	86,044,000	87,348,000	135,848,000	126,376,000	109,290,000	69,436,000	70,853,000	82,926,000	71,448,000	69,590,000	55,649,000	63,338,000	48,200,000	38,900,000	52,300,000	16,300,000
Depreciation and Amortization Margin	3.76%	4.01%	3.64%	3.39%	3.85%	3.93%	3.96%	1.58%	3.86%	3.24%	4.09%	3.95%	3.94%	4.82%	5.99%	5.10%	1.55%	1.50%	2.24%	2.86%	2.84%	3.08%	2.90%	2.71%	4.80%	8.94%	5.01%	4.00%	3.35%	3.40%	5.54%	5.40%	4.25%	2.65%	4.23%	5.72%	3.34%	5.07%	2.35%
EBITDA	4,582,908,000	4,122,552,200	2,800,427,000	2,189,072,067	1,728,096,000	1,461,244,560	1,259,598,500	5,518,287,000	4,132,295,000	5,340,702,000	3,906,779,000	4,501,243,000	4,012,920,000	2,851,117,000	1,825,034,000	1,654,059,000	1,599,878,000	1,276,261,000	1,036,277,000	773,476,000	855,142,000	832,331,000	1,120,424,000	1,250,438,000	433,046,000	-411,344,000	625,752,000	699,158,000	379,227,000	615,273,000	326,556,000	200,768,000	314,483,000	512,114,000	370,241,000	80,600,000	226,000,000	258,700,000	321,300,000
EBITDA Margin	42.21%	42.28%	39.01%	36.72%	30.81%	29.05%	28.37%	44.06%	40.32%	43.93%	39.82%	42.89%	43.56%	41.21%	31.43%	36.20%	39.63%	36.67%	34.72%	27.49%	29.19%	29.28%	35.32%	39.38%	23.78%	-27.06%	24.81%	25.60%	18.31%	29.51%	21.82%	15.17%	19.21%	24.34%	24.70%	9.56%	19.38%	25.07%	46.24%
NOPAT	3,767,392,204	3,394,260,398	2,249,655,542	1,724,004,588	1,333,849,821	1,118,341,625	949,445,681	4,592,320,990	3,449,125,558	4,583,376,482	3,147,736,793	3,571,063,338	3,479,101,171	2,190,024,204	1,623,018,811	1,259,449,044	847,043,537	1,007,388,631	788,353,408	557,792,306	612,595,703	573,871,455	788,791,374	830,462,568	229,058,358	-502,008,735	320,075,954	458,775,480	311,026,530	435,117,655	223,168,683	105,426,661	184,158,759	333,672,442	223,941,188	-8,027,038	106,993,989	88,317,931	113,603,759
NOPAT Margin	34.60%	34.65%	30.51%	27.80%	22.06%	20.48%	18.67%	36.67%	33.65%	37.70%	32.08%	34.02%	37.77%	31.65%	27.95%	27.57%	20.98%	28.95%	26.41%	19.82%	20.91%	20.19%	24.87%	26.15%	12.58%	-33.02%	12.69%	16.80%	15.02%	20.87%	14.91%	7.97%	11.25%	15.86%	14.94%	-0.95%	9.17%	8.56%	16.35%
Owner's Earnings	3,487,521,000	3,204,078,600	2,119,382,800	1,624,606,600	1,279,330,950	1,063,479,960	904,138,033	4,258,503,000	3,091,790,000	4,115,522,000	2,886,242,000	3,460,799,000	3,377,831,000	2,179,999,000	1,412,159,000	1,278,343,000	798,002,000	945,318,000	739,613,000	400,903,000	598,325,000	556,110,000	790,552,000	829,381,000	269,446,000	-409,746,000	428,136,000	553,606,000	376,078,000	477,173,000	271,099,000	74,873,000	217,098,000	-39,863,000	238,442,000	26,700,000	89,800,000	100,900,000	81,300,000
Owner's Earnings Margin	32.08%	32.88%	28.84%	26.25%	21.85%	19.80%	18.11%	34.00%	30.16%	33.86%	29.41%	32.97%	36.67%	31.51%	24.32%	27.98%	19.77%	27.16%	24.78%	14.25%	20.42%	19.56%	24.92%	26.12%	14.80%	-26.95%	16.98%	20.27%	18.16%	22.88%	18.11%	5.66%	13.26%	-1.89%	15.91%	3.17%	7.70%	9.78%	11.70%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	10,821,488,333	9,719,016,400	6,947,161,800	5,626,997,800	4,753,475,750	4,148,618,960	3,631,682,867	12,156,162,000	9,812,247,000	10,496,056,000	9,211,883,000	6,918,734,000	5,806,424,000	4,568,904,000	4,036,701,000	3,480,014,000	2,984,493,000	2,814,049,000	2,929,408,000	2,842,781,000	3,171,944,000	3,175,167,000	1,820,760,000	1,520,216,000	2,521,716,000	2,731,229,000	2,070,627,000	2,085,153,000	1,496,718,000	1,323,049,000	1,637,282,000	2,103,757,000	1,498,812,000	843,200,000	1,166,300,000	1,031,800,000	694,900,000
Cash & Cash Equivalents	1,994,634,000	1,800,684,000	1,491,974,400	1,255,776,200	1,143,566,800	1,027,983,760	901,796,867	2,078,908,000	1,977,129,000	1,927,865,000	1,584,908,000	1,434,610,000	1,234,409,000	1,015,994,000	1,404,382,000	1,153,051,000	1,108,488,000	838,025,000	630,861,000	985,390,000	751,294,000	711,329,000	529,918,000	524,967,000	1,128,106,000	722,511,000	1,129,191,000	663,163,000	598,698,000	606,903,000	429,820,000	529,674,000	478,212,000	271,500,000	216,000,000	279,200,000	109,400,000
Cash & Cash Equivalents Margin	18.54%	18.71%	24.21%	24.95%	28.18%	29.31%	28.60%	17.10%	20.15%	18.37%	17.21%	20.74%	21.26%	22.24%	34.79%	33.13%	37.14%	29.78%	21.54%	34.66%	23.69%	22.40%	29.10%	34.53%	44.74%	26.45%	54.53%	31.80%	40.00%	45.87%	26.25%	25.18%	31.91%	32.20%	18.52%	27.06%	15.74%
Short-Term Investments	2,085,958,333	1,688,177,400	1,463,277,200	1,583,165,400	1,407,518,850	1,222,501,520	1,027,812,333	2,415,715,000	2,526,866,000	1,315,294,000	1,123,100,000	1,059,912,000	746,063,000	723,391,000	1,475,936,000	1,863,689,000	1,382,806,000	1,549,086,000	2,521,776,000	1,933,491,000	1,783,150,000	1,327,206,000	1,004,126,000	804,917,000	409,130,000	988,118,000	1,196,605,000	1,320,677,000	330,476,000	350,061,000	243,526,000	167,421,000	119,932,000	59,600,000	92,300,000	0	0
Short-Term Investments Margin	19.39%	17.13%	25.08%	37.20%	38.81%	36.44%	31.13%	19.87%	25.75%	12.53%	12.19%	15.32%	12.85%	15.83%	36.56%	53.55%	46.33%	55.05%	86.08%	68.01%	56.22%	41.80%	55.15%	52.95%	16.22%	36.18%	57.79%	63.34%	22.08%	26.46%	14.87%	7.96%	8.00%	7.07%	7.91%	0.00%	0.00%
Cash & Short-Term Investments	4,080,592,333	3,488,861,400	2,955,251,600	2,838,941,600	2,551,085,650	2,267,098,320	1,943,453,400	4,494,623,000	4,503,995,000	3,243,159,000	2,708,008,000	2,494,522,000	1,980,472,000	1,739,385,000	2,880,318,000	3,016,740,000	2,491,294,000	2,387,111,000	3,152,637,000	2,918,881,000	2,534,444,000	2,038,535,000	1,534,044,000	1,329,884,000	1,537,236,000	1,710,629,000	2,325,796,000	2,195,186,000	1,133,154,000	956,964,000	673,346,000	697,095,000	598,144,000	331,100,000	308,300,000	279,200,000	109,400,000
Cash & Short-Term Investments Margin	37.92%	35.85%	49.29%	62.14%	66.99%	66.70%	60.53%	36.97%	45.90%	30.90%	29.40%	36.05%	34.11%	38.07%	71.35%	86.69%	83.47%	84.83%	107.62%	102.68%	79.90%	64.20%	84.25%	87.48%	60.96%	62.63%	112.32%	105.28%	75.71%	72.33%	41.13%	33.14%	39.91%	39.27%	26.43%	27.06%	15.74%
Net Receivables	2,124,599,000	1,971,102,400	1,405,795,600	1,140,954,467	966,320,300	837,398,040	749,130,033	2,433,700,000	2,004,698,000	1,935,399,000	2,016,337,000	1,465,378,000	1,264,098,000	1,084,128,000	651,678,000	571,117,000	631,423,000	618,344,000	520,315,000	550,435,000	724,223,000	643,044,000	488,059,000	210,143,000	492,488,000	581,500,000	439,899,000	333,218,000	372,773,000	223,535,000	277,006,000	402,013,000	481,950,000	280,100,000	304,100,000	269,300,000	203,500,000
Net Receivables Margin	19.63%	20.39%	20.12%	20.22%	20.30%	19.99%	21.56%	20.02%	20.43%	18.44%	21.89%	21.18%	21.77%	23.73%	16.14%	16.41%	21.16%	21.97%	17.76%	19.36%	22.83%	20.25%	26.81%	13.82%	19.53%	21.29%	21.24%	15.98%	24.91%	16.90%	16.92%	19.11%	32.16%	33.22%	26.07%	26.10%	29.28%
Inventory	3,041,238,000	2,569,196,600	1,778,293,600	1,394,551,800	1,156,709,400	992,246,480	860,865,033	3,212,149,000	3,034,781,000	2,876,784,000	2,146,889,000	1,575,380,000	1,310,985,000	1,262,500,000	931,845,000	732,988,000	698,635,000	617,904,000	656,457,000	634,448,000	650,802,000	575,730,000	401,730,000	370,206,000	459,449,000	535,370,000	449,156,000	358,339,000	337,414,000	258,799,000	323,016,000	394,406,000	282,489,000	195,700,000	234,600,000	174,600,000	132,400,000
Inventory Margin	28.25%	26.17%	24.86%	23.60%	22.99%	22.31%	21.86%	26.42%	30.93%	27.41%	23.31%	22.77%	22.58%	27.63%	23.08%	21.06%	23.41%	21.96%	22.41%	22.32%	20.52%	18.13%	22.06%	24.35%	18.22%	19.60%	21.69%	17.19%	22.54%	19.56%	19.73%	18.75%	18.85%	23.21%	20.11%	16.92%	19.05%
Other Current Assets	305,150,333	237,701,000	140,750,200	176,493,667	240,427,750	263,472,000	240,199,033	357,264,000	362,701,000	195,486,000	188,735,000	84,319,000	93,035,000	88,786,000	14,619,000	13,004,000	9,553,000	244,211,000	221,943,000	215,742,000	201,102,000	356,905,000	372,511,000	488,384,000	546,591,000	425,272,000	328,392,000	313,647,000	348,161,000	367,085,000	345,920,000	403,432,000	189,171,000	135,400,000	109,400,000	136,900,000	48,300,000
Other Current Assets Margin	2.83%	2.35%	1.64%	3.85%	8.17%	10.79%	10.94%	2.94%	3.70%	1.86%	2.05%	1.22%	1.60%	1.94%	0.36%	0.37%	0.32%	8.68%	7.58%	7.59%	6.34%	11.24%	20.46%	32.13%	21.68%	15.57%	15.86%	15.04%	23.26%	27.75%	21.13%	19.18%	12.62%	16.06%	9.38%	13.27%	6.95%
Total Current Assets	9,700,655,000	8,393,424,800	6,381,484,200	5,633,137,933	4,978,146,450	4,411,157,560	3,836,099,767	10,698,789,000	10,031,144,000	8,372,032,000	7,168,911,000	5,696,248,000	4,723,545,000	4,315,075,000	4,549,000,000	4,392,066,000	3,868,032,000	3,904,576,000	4,586,095,000	4,351,503,000	4,164,043,000	3,676,010,000	2,835,465,000	2,398,617,000	3,035,764,000	3,252,771,000	3,543,243,000	3,201,891,000	2,191,502,000	1,806,383,000	1,619,288,000	1,896,946,000	1,551,754,000	942,300,000	956,400,000	860,000,000	493,600,000
Total Current Assets Margin	90.00%	86.03%	97.45%	111.33%	119.70%	120.78%	115.71%	88.01%	102.23%	79.76%	77.82%	82.33%	81.35%	94.44%	112.69%	126.21%	129.60%	138.75%	156.55%	153.07%	131.28%	115.77%	155.73%	157.78%	120.38%	119.10%	171.12%	153.56%	146.42%	136.53%	98.90%	90.17%	103.53%	111.75%	82.00%	83.35%	71.03%
Property, Plant & Equipment	1,278,367,333	1,115,477,000	749,509,300	598,684,800	532,101,400	495,101,760	435,862,100	1,252,775,000	1,341,780,000	1,240,547,000	976,373,000	765,910,000	620,614,000	448,799,000	286,306,000	283,975,000	278,014,000	314,591,000	330,263,000	305,281,000	277,686,000	257,358,000	236,752,000	291,878,000	355,474,000	382,240,000	395,412,000	385,921,000	376,052,000	382,729,000	300,560,000	290,254,000	199,719,000	168,300,000	140,900,000	117,600,000	71,800,000
Property, Plant & Equipment Margin	11.93%	11.49%	10.25%	10.17%	11.60%	13.47%	13.46%	10.31%	13.67%	11.82%	10.60%	11.07%	10.69%	9.82%	7.09%	8.16%	9.32%	11.18%	11.27%	10.74%	8.75%	8.11%	13.00%	19.20%	14.10%	14.00%	19.10%	18.51%	25.13%	28.93%	18.36%	13.80%	13.33%	19.96%	12.08%	11.40%	10.33%
Goodwill	2,028,913,000	2,083,592,000	1,571,462,100	1,157,849,733	950,460,500	760,368,400	633,640,333	1,792,193,000	2,015,726,000	2,278,820,000	2,320,049,000	2,011,172,000	2,045,402,000	2,211,858,000	354,698,000	349,526,000	335,177,000	335,263,000	335,355,000	326,635,000	327,716,000	328,156,000	328,006,000	329,379,000	601,882,000	311,856,000	70,341,000	0	0	0	0	0	0	0	0	0	0
Goodwill Margin	19.00%	22.25%	22.50%	18.70%	17.94%	14.35%	11.96%	14.74%	20.54%	21.71%	25.19%	29.07%	35.23%	48.41%	8.79%	10.04%	11.23%	11.91%	11.45%	11.49%	10.33%	10.34%	18.01%	21.67%	23.87%	11.42%	3.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	682,950,667	885,715,400	742,328,700	509,262,133	418,927,900	338,313,960	281,928,300	444,785,000	668,764,000	935,303,000	1,194,414,000	1,185,311,000	1,391,413,000	1,560,670,000	19,333,000	18,963,000	4,331,000	11,895,000	27,697,000	34,515,000	55,636,000	85,902,000	117,336,000	149,080,000	297,778,000	175,432,000	0	58,670,000	20,621,000	0	0	0	0	0	0	0	0
Intangible Assets Margin	6.46%	9.90%	10.88%	7.72%	7.51%	6.18%	5.15%	3.66%	6.82%	8.91%	12.97%	17.13%	23.96%	34.16%	0.48%	0.54%	0.15%	0.42%	0.95%	1.21%	1.75%	2.71%	6.44%	9.81%	11.81%	6.42%	0.00%	2.81%	1.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	0	0	0	-38,076,333	-58,039,400	-46,431,520	-38,692,933	0	0	0	0	0	0	0	0	0	0	-78,648,000	-75,138,000	-114,833,000	-128,738,000	-173,788,000	-328,522,000	-261,121,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Long-Term Investments Margin	0.00%	0.00%	0.00%	-1.26%	-2.71%	-2.17%	-1.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.79%	-2.56%	-4.04%	-4.06%	-5.47%	-18.04%	-17.18%	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%
Tax Assets	945,970,000	737,508,800	491,786,800	365,934,200	355,202,050	308,373,800	256,978,167	1,105,770,000	915,241,000	816,899,000	579,173,000	270,461,000	236,797,000	206,141,000	193,200,000	291,967,000	302,219,000	78,648,000	75,138,000	114,833,000	128,738,000	173,788,000	328,522,000	261,121,000	323,870,000	309,487,000	392,028,000	192,613,000	88,593,000	324,098,000	0	0	0	0	0	0	0
Tax Assets Margin	8.74%	7.28%	6.83%	5.82%	8.28%	8.21%	6.84%	9.10%	9.33%	7.78%	6.29%	3.91%	4.08%	4.51%	4.79%	8.39%	10.13%	2.79%	2.56%	4.04%	4.06%	5.47%	18.04%	17.18%	12.84%	11.33%	18.93%	9.24%	5.92%	24.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	554,427,000	472,694,200	343,315,600	283,391,933	271,800,250	339,133,760	345,629,133	773,614,000	460,911,000	428,756,000	358,168,000	342,022,000	262,189,000	265,973,000	197,213,000	182,150,000	162,160,000	181,039,000	181,298,000	154,590,000	146,489,000	154,307,000	144,570,000	440,584,000	233,622,000	191,463,000	174,887,000	147,222,000	862,411,000	677,485,000	797,870,000	557,351,000	452,030,000	474,300,000	451,100,000	365,700,000	147,400,000
Other Non-Current Assets Margin	5.05%	4.80%	4.99%	5.16%	6.95%	13.21%	17.06%	6.36%	4.70%	4.08%	3.89%	4.94%	4.52%	5.82%	4.89%	5.23%	5.43%	6.43%	6.19%	5.44%	4.62%	4.86%	7.94%	28.98%	9.26%	7.01%	8.45%	7.06%	57.62%	51.21%	48.73%	26.49%	30.16%	56.25%	38.68%	35.44%	21.21%
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	5,490,628,000	5,294,987,400	3,904,891,900	2,919,449,067	2,514,501,000	2,219,306,320	1,935,716,900	5,369,137,000	5,402,422,000	5,700,325,000	5,428,177,000	4,574,876,000	4,556,415,000	4,693,441,000	1,089,619,000	1,140,107,000	1,094,400,000	921,436,000	949,751,000	935,854,000	936,265,000	999,511,000	1,071,591,000	1,210,921,000	1,812,626,000	1,370,478,000	1,032,668,000	838,712,000	1,347,677,000	1,060,214,000	1,098,430,000	847,605,000	651,749,000	642,600,000	592,000,000	483,300,000	219,200,000
Total Non-Current Assets Margin	51.18%	55.72%	55.62%	47.69%	51.29%	53.74%	53.08%	44.17%	55.06%	54.31%	58.93%	66.12%	78.47%	102.73%	26.99%	32.76%	36.67%	32.74%	32.42%	32.92%	29.52%	31.48%	58.85%	79.65%	71.88%	50.18%	49.87%	40.22%	90.04%	80.13%	67.09%	40.29%	43.48%	76.21%	50.76%	46.84%	31.54%
Total Assets	15,191,283,000	13,688,412,200	10,284,449,800	8,551,490,667	7,491,825,200	6,627,636,840	5,769,460,800	16,067,926,000	15,433,566,000	14,072,357,000	12,597,088,000	10,271,124,000	9,279,960,000	9,008,516,000	5,619,356,000	5,532,173,000	4,962,432,000	4,826,012,000	5,538,664,000	5,287,357,000	5,100,308,000	4,675,521,000	3,907,056,000	3,609,538,000	4,848,390,000	4,623,249,000	4,575,911,000	3,986,372,000	3,539,179,000	2,866,597,000	2,717,718,000	2,744,551,000	2,203,503,000	1,584,900,000	1,548,400,000	1,343,300,000	712,800,000
Total Assets Margin	141.18%	141.75%	153.02%	158.99%	170.97%	174.40%	168.69%	132.18%	157.29%	134.07%	136.75%	148.45%	159.82%	197.17%	139.21%	158.97%	166.27%	171.50%	189.07%	185.99%	160.79%	147.25%	214.58%	237.44%	192.27%	169.27%	220.99%	191.18%	236.46%	216.67%	165.99%	130.46%	147.02%	187.96%	132.76%	130.19%	102.58%
Accounts Payable	396,340,667	394,888,600	286,439,000	231,264,133	196,602,850	168,455,440	147,216,733	458,509,000	359,487,000	371,026,000	443,338,000	342,083,000	264,280,000	202,416,000	169,354,000	147,380,000	106,517,000	103,342,000	103,422,000	115,680,000	139,183,000	142,945,000	107,938,000	63,485,000	104,315,000	92,165,000	95,192,000	67,717,000	63,991,000	33,893,000	52,988,000	60,740,000	55,016,000	35,200,000	46,400,000	41,200,000	27,300,000
Accounts Payable Margin	3.66%	4.15%	4.17%	4.12%	4.20%	4.01%	4.00%	3.77%	3.66%	3.53%	4.81%	4.94%	4.55%	4.43%	4.20%	4.24%	3.57%	3.67%	3.53%	4.07%	4.39%	4.50%	5.93%	4.18%	4.14%	3.37%	4.60%	3.25%	4.28%	2.56%	3.24%	2.89%	3.67%	4.17%	3.98%	3.99%	3.93%
Short-Term Debt	249,978,667	153,987,200	126,991,800	85,793,267	69,135,950	55,308,760	48,233,967	0	749,936,000	0	0	20,000,000	0	249,999,000	0	249,983,000	0	16,981,000	0	0	0	0	0	95,820,000	0	0	0	0	0	0	0	0	0	14,600,000	21,500,000	25,100,000	3,100,000
Short-Term Debt Margin	2.55%	1.59%	2.06%	1.41%	1.37%	1.10%	1.13%	0.00%	7.64%	0.00%	0.00%	0.29%	0.00%	5.47%	0.00%	7.18%	0.00%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	6.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.73%	1.84%	2.43%	0.45%
Tax Payables	176,584,000	148,807,200	87,131,700	65,377,400	57,376,250	45,901,000	38,250,833	0	146,740,000	383,012,000	126,964,000	87,320,000	35,640,000	23,350,000	23,287,000	17,040,000	27,964,000	15,582,000	15,283,000	11,076,000	50,839,000	16,564,000	53,492,000	49,738,000	63,634,000	0	0	0	0	0	0	0	0	0	0	0	0
Tax Payables Margin	1.71%	1.56%	1.09%	0.97%	1.16%	0.93%	0.77%	0.00%	1.50%	3.65%	1.38%	1.26%	0.61%	0.51%	0.58%	0.49%	0.94%	0.55%	0.52%	0.39%	1.60%	0.52%	2.94%	3.27%	2.52%	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	1,990,738,333	1,615,969,800	1,050,969,300	785,008,067	633,201,200	531,061,640	442,551,367	2,001,214,000	2,133,675,000	1,837,326,000	1,276,722,000	830,912,000	684,626,000	622,694,000	465,276,000	341,556,000	315,692,000	313,238,000	286,472,000	218,803,000	210,313,000	236,602,000	204,764,000	142,056,000	207,489,000	254,051,000	80,543,000	80,772,000	57,318,000	225,689,000	248,738,000	0	0	0	0	0	0
Deferred Revenue Margin	18.57%	16.32%	13.89%	12.11%	11.18%	10.54%	8.79%	16.46%	21.75%	17.50%	13.86%	12.01%	11.79%	13.63%	11.53%	9.81%	10.58%	11.13%	9.78%	7.70%	6.63%	7.45%	11.25%	9.34%	8.23%	9.30%	3.89%	3.87%	3.83%	17.06%	15.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	884,201,667	835,647,200	619,654,400	528,626,067	505,702,550	527,024,120	486,600,467	534,621,000	1,105,818,000	1,012,166,000	952,158,000	573,473,000	466,546,000	435,388,000	373,279,000	356,310,000	386,785,000	364,568,000	364,517,000	333,642,000	300,336,000	369,784,000	326,581,000	341,441,000	364,619,000	466,708,000	685,311,000	660,836,000	700,133,000	391,474,000	385,764,000	923,345,000	439,811,000	302,500,000	282,800,000	258,500,000	138,800,000
Other Current Liabilities Margin	8.44%	8.79%	9.39%	10.15%	12.86%	17.31%	18.91%	4.40%	11.27%	9.64%	10.34%	8.29%	8.03%	9.53%	9.25%	10.24%	12.96%	12.96%	12.44%	11.74%	9.47%	11.65%	17.94%	22.46%	14.46%	17.09%	33.10%	31.69%	46.78%	29.59%	23.56%	43.89%	29.34%	35.88%	24.25%	25.05%	19.97%
Total Current Liabilities	4,163,137,000	3,492,744,200	2,444,566,100	1,929,966,133	1,665,564,100	1,499,096,160	1,305,641,033	4,085,795,000	4,660,774,000	3,742,842,000	2,871,083,000	2,103,227,000	1,699,786,000	1,768,486,000	1,218,083,000	1,293,162,000	1,002,423,000	1,001,763,000	895,611,000	861,532,000	862,907,000	882,018,000	771,787,000	563,983,000	950,332,000	1,073,207,000	1,002,481,000	931,862,000	911,629,000	651,056,000	687,490,000	984,085,000	494,827,000	352,300,000	350,700,000	324,800,000	169,200,000
Total Current Liabilities Margin	38.92%	35.67%	34.72%	33.25%	35.18%	37.89%	36.93%	33.61%	47.50%	35.66%	31.17%	30.40%	29.27%	38.71%	30.18%	37.16%	33.59%	35.60%	30.57%	30.31%	27.20%	27.78%	42.39%	37.10%	37.69%	39.29%	48.41%	44.69%	60.91%	49.21%	41.99%	46.78%	33.01%	41.78%	30.07%	31.48%	24.35%
Long-Term Debt	5,885,064,000	5,547,735,400	4,235,754,200	3,234,626,333	2,537,750,350	2,030,200,280	1,691,833,567	5,884,257,000	5,880,199,000	5,890,736,000	6,660,718,000	3,422,767,000	3,469,670,000	3,173,383,000	2,237,402,000	2,680,474,000	3,057,936,000	3,173,435,000	747,919,000	747,376,000	746,833,000	746,290,000	745,747,000	745,204,000	744,661,000	0	0	0	0	0	0	0	0	0	0	0	0
Long-Term Debt Margin	54.82%	57.25%	65.04%	57.47%	49.08%	39.26%	32.72%	48.41%	59.93%	56.12%	72.31%	49.47%	59.76%	69.46%	55.43%	77.02%	102.46%	112.77%	25.53%	26.29%	23.54%	23.50%	40.96%	49.02%	29.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Lease Obligations	188,643,000	156,515,400	88,245,600	58,830,400	44,122,800	35,298,240	29,415,200	204,025,000	189,508,000	172,396,000	113,587,000	103,061,000	99,879,000	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	1.75%	1.59%	0.97%	0.65%	0.48%	0.39%	0.32%	1.68%	1.93%	1.64%	1.23%	1.49%	1.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	487,640,667	554,496,400	413,684,900	300,197,400	228,722,300	182,977,840	152,821,533	446,945,000	486,690,000	529,287,000	658,937,000	650,623,000	660,885,000	702,285,000	1,197,000	0	0	0	119,483,000	117,453,000	50,839,000	78,337,000	53,492,000	49,738,000	-31,745,000	0	0	0	0	0	0	0	0	0	0	3,900,000	6,300,000
Deferred Tax Liabilities Margin	4.56%	6.05%	5.70%	4.62%	3.71%	2.97%	2.52%	3.68%	4.96%	5.04%	7.15%	9.40%	11.38%	15.37%	0.03%	0.00%	0.00%	0.00%	4.08%	4.13%	1.60%	2.47%	2.94%	3.27%	-1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.38%	0.91%
Other Non-Current Liabilities	486,277,667	523,148,600	462,731,100	361,769,600	289,941,900	231,953,520	193,297,933	450,799,000	490,204,000	517,830,000	596,359,000	560,551,000	601,399,000	587,897,000	493,242,000	172,407,000	156,623,000	182,230,000	168,288,000	154,069,000	140,074,000	154,572,000	122,557,000	10,425,000	171,667,000	67,645,000	0	0	0	0	0	0	0	0	0	0	100,000
Other Non-Current Liabilities Margin	4.55%	5.64%	7.39%	6.72%	5.87%	4.70%	3.92%	3.71%	5.00%	4.93%	6.47%	8.10%	10.36%	12.87%	12.22%	4.95%	5.25%	6.48%	5.74%	5.42%	4.42%	4.87%	6.73%	0.69%	6.81%	2.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
Total Non-Current Liabilities	7,367,968,000	7,044,614,800	5,364,882,600	4,054,895,467	3,178,131,000	2,542,874,920	2,119,405,767	7,289,678,000	7,404,464,000	7,409,762,000	8,326,915,000	4,792,255,000	4,899,164,000	4,562,337,000	2,780,762,000	2,912,594,000	3,270,895,000	3,402,810,000	973,707,000	943,673,000	921,806,000	932,610,000	888,658,000	861,163,000	916,328,000	67,600,000	5,439,000	9,253,000	0	0	0	0	0	0	0	3,900,000	6,400,000
Total Non-Current Liabilities Margin	68.67%	73.14%	81.21%	70.53%	60.12%	48.11%	40.14%	59.97%	75.46%	70.60%	90.39%	69.26%	84.37%	99.86%	68.89%	83.69%	109.60%	120.92%	33.24%	33.20%	29.06%	29.37%	48.81%	56.65%	36.34%	2.48%	0.26%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.38%	0.92%
Total Liabilities	11,531,105,000	10,537,359,000	7,809,448,700	5,984,861,600	4,840,043,150	4,038,679,400	3,422,303,733	11,375,473,000	12,065,238,000	11,152,604,000	11,197,998,000	6,895,482,000	6,598,950,000	6,330,823,000	3,998,845,000	4,205,756,000	4,273,318,000	4,404,573,000	1,869,318,000	1,805,205,000	1,784,713,000	1,814,628,000	1,660,445,000	1,425,146,000	1,866,660,000	1,073,207,000	1,002,481,000	931,862,000	911,629,000	651,056,000	687,490,000	984,085,000	494,827,000	352,300,000	350,700,000	328,700,000	175,600,000
Total Liabilities Margin	107.60%	108.80%	115.93%	103.77%	95.16%	85.87%	76.96%	93.58%	122.96%	106.26%	121.56%	99.66%	113.65%	138.56%	99.06%	120.85%	143.18%	156.52%	63.81%	63.50%	56.27%	57.15%	91.20%	93.75%	74.02%	39.29%	48.41%	44.69%	60.91%	49.21%	41.99%	46.78%	33.01%	41.78%	30.07%	31.86%	25.27%
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	134,333	139,600	148,100	153,533	140,800	151,120	142,167	132,000	134,000	137,000	142,000	153,000	155,000	159,000	156,000	157,000	156,000	158,000	165,000	165,000	167,000	167,000	168,000	171,000	174,000	0	0	196,000	196,000	192,000	190,000	188,000	187,000	100,000	100,000	100,000	0
Common Stock Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%
Retained Earnings	1,388,343,667	1,161,807,200	936,851,800	1,219,626,200	1,396,692,850	1,414,327,680	1,284,811,267	2,179,330,000	1,137,270,000	848,431,000	366,882,000	1,277,123,000	654,930,000	714,825,000	1,056,445,000	848,457,000	284,825,000	-12,362,000	2,479,113,000	2,359,233,000	2,247,258,000	1,852,633,000	1,356,454,000	1,370,132,000	2,204,417,000	2,570,751,000	2,137,710,000	2,083,638,000	1,640,587,000	1,396,886,000	1,259,695,000	1,043,529,000	976,846,000	723,000,000	683,800,000	542,700,000	259,800,000
Retained Earnings Margin	12.53%	12.01%	14.71%	29.56%	44.64%	53.38%	54.47%	17.93%	11.59%	8.08%	3.98%	18.46%	11.28%	15.65%	26.17%	24.38%	9.54%	-0.44%	84.63%	82.99%	70.85%	58.35%	74.50%	90.13%	87.42%	94.12%	103.24%	99.93%	109.61%	105.58%	76.94%	49.60%	65.17%	85.74%	58.63%	52.60%	37.39%
Accumulated OCI	-28,071,667	-37,448,600	-49,398,700	-41,667,933	-30,477,100	-23,704,920	-19,758,600	1,201,000	-49,075,000	-36,341,000	-27,471,000	-75,557,000	-79,774,000	-73,029,000	-53,933,000	-51,323,000	-48,685,000	-40,573,000	-30,271,000	-36,646,000	-21,143,000	-2,399,000	-31,303,000	-21,217,000	47,684,000	11,405,000	8,908,000	3,882,000	2,159,000	3,687,000	4,587,000	2,604,000	13,665,000	5,200,000	16,300,000	13,600,000	-48,900,000
Accumulated OCI Margin	-0.28%	-0.45%	-0.96%	-0.94%	-0.73%	-0.54%	-0.54%	0.01%	-0.50%	-0.35%	-0.30%	-1.09%	-1.37%	-1.60%	-1.34%	-1.47%	-1.63%	-1.44%	-1.03%	-1.29%	-0.67%	-0.08%	-1.72%	-1.40%	1.89%	0.42%	0.43%	0.19%	0.14%	0.28%	0.28%	0.12%	0.91%	0.62%	1.40%	1.32%	-7.04%
Minority Interest	0	-834,600	2,999,800	1,999,867	1,771,850	1,787,600	1,489,667	0	0	0	-2,261,000	-1,912,000	15,586,000	18,585,000	0	0	0	0	0	0	0	0	0	0	0	0	5,439,000	9,253,000	0	0	0	0	0	0	0	0	0
Minority Interest Margin	0.00%	-0.01%	0.06%	0.04%	0.04%	0.05%	0.04%	0.00%	0.00%	0.00%	-0.02%	-0.03%	0.27%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	3,660,178,000	3,151,887,800	2,472,001,300	2,564,629,200	2,650,010,200	2,587,169,840	2,345,667,400	4,692,453,000	3,368,328,000	2,919,753,000	1,401,351,000	3,377,554,000	2,665,424,000	2,659,108,000	1,620,511,000	1,326,417,000	689,114,000	421,439,000	3,669,346,000	3,482,152,000	3,315,595,000	2,860,893,000	2,246,611,000	2,184,392,000	2,981,730,000	3,550,042,000	3,567,991,000	3,045,257,000	2,627,550,000	2,215,541,000	2,030,228,000	1,760,466,000	1,708,676,000	1,232,600,000	1,197,700,000	1,014,600,000	537,200,000
Total Shareholders’ Equity Margin	33.58%	32.96%	37.02%	55.17%	75.76%	88.48%	91.68%	38.60%	34.33%	27.82%	15.21%	48.82%	45.90%	58.20%	40.14%	38.12%	23.09%	14.98%	125.26%	122.49%	104.53%	90.10%	123.39%	143.69%	118.24%	129.98%	172.31%	146.04%	175.55%	167.46%	124.00%	83.68%	114.00%	146.18%	102.69%	98.33%	77.31%
Total Equity	3,660,178,000	3,151,053,200	2,475,001,100	2,566,629,067	2,651,782,050	2,588,957,440	2,347,157,067	4,692,453,000	3,368,328,000	2,919,753,000	1,399,090,000	3,375,642,000	2,681,010,000	2,677,693,000	1,620,511,000	1,326,417,000	689,114,000	421,439,000	3,669,346,000	3,482,152,000	3,315,595,000	2,860,893,000	2,246,611,000	2,184,392,000	2,981,730,000	3,550,042,000	3,573,430,000	3,054,510,000	2,627,550,000	2,215,541,000	2,030,228,000	1,760,466,000	1,708,676,000	1,232,600,000	1,197,700,000	1,014,600,000	537,200,000
Total Equity Margin	33.58%	32.94%	37.09%	55.21%	75.80%	88.53%	91.73%	38.60%	34.33%	27.82%	15.19%	48.79%	46.17%	58.61%	40.14%	38.12%	23.09%	14.98%	125.26%	122.49%	104.53%	90.10%	123.39%	143.69%	118.24%	129.98%	172.58%	146.49%	175.55%	167.46%	124.00%	83.68%	114.00%	146.18%	102.69%	98.33%	77.31%
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	2,085,958,333	1,688,177,400	1,463,277,200	1,583,165,400	1,394,462,800	1,212,056,680	1,019,108,300	2,415,715,000	2,526,866,000	1,315,294,000	1,123,100,000	1,059,912,000	746,063,000	723,391,000	1,475,936,000	1,863,689,000	1,382,806,000	1,549,086,000	2,521,776,000	1,933,491,000	1,783,150,000	1,327,206,000	1,004,126,000	543,796,000	409,130,000	988,118,000	1,196,605,000	1,320,677,000	330,476,000	350,061,000	243,526,000	167,421,000	119,932,000	59,600,000	92,300,000	0	0
Total Investments Margin	19.39%	17.13%	25.08%	37.20%	37.95%	35.75%	30.56%	19.87%	25.75%	12.53%	12.19%	15.32%	12.85%	15.83%	36.56%	53.55%	46.33%	55.05%	86.08%	68.01%	56.22%	41.80%	55.15%	35.77%	16.22%	36.18%	57.79%	63.34%	22.08%	26.46%	14.87%	7.96%	8.00%	7.07%	7.91%	0.00%	0.00%
Net Debt	4,329,051,667	4,057,554,000	2,959,017,200	2,123,285,933	1,504,997,300	1,090,867,520	866,055,867	4,009,374,000	4,842,514,000	4,135,267,000	5,189,397,000	2,111,218,000	2,335,140,000	2,407,388,000	833,020,000	1,777,406,000	1,949,448,000	2,352,391,000	114,240,000	-238,014,000	-4,461,000	34,961,000	215,829,000	269,975,000	-383,445,000	-722,511,000	-1,129,191,000	-663,163,000	-598,698,000	-606,903,000	-429,820,000	-529,674,000	-478,212,000	-256,900,000	-194,500,000	-254,100,000	-106,300,000
Net Debt Margin	40.58%	41.72%	43.85%	34.57%	22.60%	11.32%	5.46%	32.98%	49.35%	39.40%	56.33%	30.51%	40.22%	52.69%	20.64%	51.07%	65.32%	83.59%	3.90%	-8.37%	-0.14%	1.10%	11.85%	17.76%	-15.21%	-26.45%	-54.53%	-31.80%	-40.00%	-45.87%	-26.25%	-25.18%	-31.91%	-30.47%	-16.68%	-24.63%	-15.30%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	10,821,488,333	9,719,016,400	6,947,161,800	5,626,997,800	4,753,475,750	4,148,618,960	3,631,682,867	12,156,162,000	9,812,247,000	10,496,056,000	9,211,883,000	6,918,734,000	5,806,424,000	4,568,904,000	4,036,701,000	3,480,014,000	2,984,493,000	2,814,049,000	2,929,408,000	2,842,781,000	3,171,944,000	3,175,167,000	1,820,760,000	1,520,216,000	2,521,716,000	2,731,229,000	2,070,627,000	2,085,153,000	1,496,718,000	1,323,049,000	1,637,282,000	2,103,757,000	1,498,812,000	843,200,000	1,166,300,000	1,031,800,000	694,900,000
Working Capital	5,537,518,000	4,900,680,600	3,936,918,100	3,703,171,800	3,312,582,350	2,912,061,400	2,530,458,733	6,612,994,000	5,370,370,000	4,629,190,000	4,297,828,000	3,593,021,000	3,023,759,000	2,546,589,000	3,330,917,000	3,098,904,000	2,865,609,000	2,902,813,000	3,690,484,000	3,489,971,000	3,301,136,000	2,793,992,000	2,063,678,000	1,834,634,000	2,085,432,000	2,179,564,000	2,540,762,000	2,270,029,000	1,279,873,000	1,155,327,000	931,798,000	912,861,000	1,056,927,000	590,000,000	605,700,000	535,200,000	324,400,000
Working Capital Margin	51.08%	50.36%	62.72%	78.08%	84.52%	82.90%	78.78%	54.40%	54.73%	44.10%	46.66%	51.93%	52.08%	55.74%	82.52%	89.05%	96.02%	103.15%	125.98%	122.77%	104.07%	88.00%	113.34%	120.68%	82.70%	79.80%	122.70%	108.87%	85.51%	87.32%	56.91%	43.39%	70.52%	69.97%	51.93%	51.87%	46.68%
Total Capital	9,983,863,667	9,010,125,800	6,922,992,900	5,943,691,333	5,298,574,300	4,706,021,120	4,113,520,133	10,780,735,000	10,187,971,000	8,982,885,000	8,175,656,000	6,923,382,000	6,234,973,000	6,082,490,000	3,857,913,000	4,256,874,000	3,747,050,000	3,611,855,000	4,414,447,000	4,229,528,000	4,062,428,000	3,607,183,000	2,992,358,000	2,979,334,000	3,726,391,000	3,550,042,000	3,567,991,000	3,045,257,000	2,627,550,000	2,215,541,000	2,030,228,000	1,760,466,000	1,708,676,000	1,247,200,000	1,219,200,000	1,039,700,000	540,300,000
Total Capital Margin	92.70%	93.38%	105.09%	114.69%	126.54%	129.10%	125.75%	88.69%	103.83%	85.58%	88.75%	100.07%	107.38%	133.13%	95.57%	122.32%	125.55%	128.35%	150.69%	148.78%	128.07%	113.61%	164.35%	195.98%	147.77%	129.98%	172.31%	146.04%	175.55%	167.46%	124.00%	83.68%	114.00%	147.91%	104.54%	100.77%	77.75%
Capital Employed	11,028,146,000	10,195,668,000	7,839,883,700	6,621,524,533	5,826,261,100	5,128,540,680	4,463,819,767	11,982,131,000	10,772,792,000	10,329,515,000	9,726,005,000	8,167,897,000	7,580,174,000	7,240,030,000	4,401,273,000	4,239,011,000	3,960,009,000	3,824,249,000	4,643,053,000	4,425,825,000	4,237,401,000	3,793,503,000	3,135,269,000	3,045,555,000	3,898,058,000	3,550,042,000	3,573,430,000	3,054,510,000	2,627,550,000	2,215,541,000	2,030,228,000	1,760,466,000	1,708,676,000	1,232,600,000	1,197,700,000	1,018,500,000	543,600,000
Capital Employed Margin	102.26%	106.08%	118.29%	125.74%	135.79%	136.52%	131.76%	98.57%	109.79%	98.41%	105.58%	118.05%	130.55%	158.46%	109.03%	121.81%	132.69%	135.90%	158.50%	155.69%	133.59%	119.47%	172.20%	200.34%	154.58%	129.98%	172.58%	146.49%	175.55%	167.46%	124.00%	83.68%	114.00%	146.18%	102.69%	98.71%	78.23%
Invested Capital	7,989,229,667	7,209,441,800	5,431,018,500	4,687,915,133	4,155,007,500	3,678,037,360	3,211,723,267	8,701,827,000	8,210,842,000	7,055,020,000	6,590,748,000	5,488,772,000	5,000,564,000	5,066,496,000	2,453,531,000	3,103,823,000	2,638,562,000	2,773,830,000	3,783,586,000	3,244,138,000	3,311,134,000	2,895,854,000	2,462,440,000	2,454,367,000	2,598,285,000	2,827,531,000	2,438,800,000	2,382,094,000	2,028,852,000	1,608,638,000	1,600,408,000	1,230,792,000	1,230,464,000	975,700,000	1,003,200,000	760,500,000	430,900,000
Invested Capital Margin	74.16%	74.67%	80.87%	89.75%	98.36%	99.79%	97.15%	71.58%	83.68%	67.22%	71.55%	79.33%	86.12%	110.89%	60.78%	89.19%	88.41%	98.57%	129.16%	114.12%	104.39%	91.20%	135.24%	161.45%	103.04%	103.53%	117.78%	114.24%	135.55%	121.59%	97.75%	58.50%	82.10%	115.71%	86.02%	73.71%	62.01%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	10,821,488,333	9,719,016,400	6,947,161,800	5,626,997,800	4,753,475,750	4,148,618,960	3,631,682,867	12,156,162,000	9,812,247,000	10,496,056,000	9,211,883,000	6,918,734,000	5,806,424,000	4,568,904,000	4,036,701,000	3,480,014,000	2,984,493,000	2,814,049,000	2,929,408,000	2,842,781,000	3,171,944,000	3,175,167,000	1,820,760,000	1,520,216,000	2,521,716,000	2,731,229,000	2,070,627,000	2,085,153,000	1,496,718,000	1,323,049,000	1,637,282,000	2,103,757,000	1,498,812,000	843,200,000	1,166,300,000	1,031,800,000	694,900,000
Net Income	3,403,630,000	3,122,060,600	2,043,310,800	1,565,044,867	1,221,611,900	1,021,641,120	875,670,867	4,061,643,000	2,761,896,000	3,387,351,000	3,322,060,000	2,077,353,000	1,215,025,000	1,175,017,000	802,265,000	926,076,000	704,422,000	366,158,000	582,755,000	543,149,000	756,015,000	794,488,000	212,300,000	-523,368,000	359,083,000	528,098,000	380,452,000	445,049,000	243,701,000	137,191,000	216,166,000	66,683,000	253,798,000	39,200,000	134,100,000	105,400,000	196,600,000
Net Income Margin	31.28%	31.98%	27.67%	25.17%	20.34%	18.84%	18.09%	33.41%	28.15%	32.27%	36.06%	30.03%	20.93%	25.72%	19.87%	26.61%	23.60%	13.01%	19.89%	19.11%	23.83%	25.02%	11.66%	-34.43%	14.24%	19.34%	18.37%	21.34%	16.28%	10.37%	13.20%	3.17%	16.93%	4.65%	11.50%	10.22%	28.29%
Depreciation & Amortization	403,643,667	381,522,000	267,633,500	207,043,600	181,697,600	159,348,720	140,381,867	394,088,000	401,730,000	415,113,000	363,344,000	333,335,000	348,049,000	233,224,000	62,684,000	57,836,000	66,932,000	80,536,000	83,072,000	87,534,000	92,133,000	86,044,000	87,348,000	135,848,000	126,376,000	109,290,000	69,436,000	70,153,000	82,926,000	71,448,000	69,590,000	55,649,000	63,338,000	48,200,000	38,900,000	52,300,000	25,000,000
Depreciation & Amortization Margin	3.76%	4.01%	3.66%	3.40%	3.86%	3.93%	4.01%	3.24%	4.09%	3.95%	3.94%	4.82%	5.99%	5.10%	1.55%	1.66%	2.24%	2.86%	2.84%	3.08%	2.90%	2.71%	4.80%	8.94%	5.01%	4.00%	3.35%	3.36%	5.54%	5.40%	4.25%	2.65%	4.23%	5.72%	3.34%	5.07%	3.60%
Deferred Income Tax	-233,316,667	-214,779,200	-107,194,600	-54,422,333	-45,666,000	-40,917,040	-39,818,267	-246,577,000	-155,228,000	-298,145,000	-329,501,000	-44,445,000	-93,110,000	-27,511,000	98,760,000	4,007,000	19,804,000	-24,245,000	17,176,000	4,532,000	193,412,000	64,736,000	-24,998,000	59,697,000	16,644,000	-13,944,000	-134,384,000	-53,497,000	-24,578,000	-10,629,000	36,037,000	-56,939,000	-60,522,000	-27,900,000	-46,200,000	-17,300,000	-19,700,000
Deferred Income Tax Margin	-2.15%	-2.13%	-0.97%	-0.11%	-0.27%	-0.44%	-0.89%	-2.03%	-1.58%	-2.84%	-3.58%	-0.64%	-1.60%	-0.60%	2.45%	0.12%	0.66%	-0.86%	0.59%	0.16%	6.10%	2.04%	-1.37%	3.93%	0.66%	-0.51%	-6.49%	-2.57%	-1.64%	-0.80%	2.20%	-2.71%	-4.04%	-3.31%	-3.96%	-1.68%	-2.83%
Stock-Based Compensation	216,376,667	177,576,800	125,223,600	106,588,467	89,517,200	71,613,760	59,678,133	265,011,000	212,695,000	171,424,000	126,918,000	111,836,000	111,381,000	94,194,000	62,784,000	50,943,000	45,050,000	55,302,000	60,940,000	70,084,000	78,835,000	81,430,000	85,982,000	105,535,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	1.99%	1.80%	1.75%	1.94%	2.04%	1.63%	1.36%	2.18%	2.17%	1.63%	1.38%	1.62%	1.92%	2.06%	1.56%	1.46%	1.51%	1.97%	2.08%	2.47%	2.49%	2.56%	4.72%	6.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-279,081,000	-277,193,400	-162,204,300	-114,473,867	-97,871,700	-78,366,160	-66,107,300	-646,175,000	-201,181,000	10,113,000	-305,411,000	-243,313,000	-87,365,000	-326,343,000	192,741,000	44,976,000	-60,085,000	11,882,000	60,043,000	224,207,000	-181,019,000	-210,178,000	82,968,000	-34,920,000	71,325,000	-173,095,000	-186,604,000	-6,932,000	-313,000	61,806,000	-103,733,000	47,452,000	-4,765,000	39,000,000	-73,200,000	105,500,000	-90,600,000
Change in Working Capital Margin	-2.42%	-2.82%	-1.87%	-1.38%	-1.55%	-1.23%	-1.18%	-5.32%	-2.05%	0.10%	-3.32%	-3.52%	-1.50%	-7.14%	4.77%	1.29%	-2.01%	0.42%	2.05%	7.89%	-5.71%	-6.62%	4.56%	-2.30%	2.83%	-6.34%	-9.01%	-0.33%	-0.02%	4.67%	-6.34%	2.26%	-0.32%	4.63%	-6.28%	10.22%	-13.04%
Accounts Receivable	-165,775,000	-242,161,200	-151,989,400	-112,581,267	-85,260,450	-62,222,800	-60,637,733	-367,897,000	-80,894,000	-48,534,000	-510,326,000	-203,155,000	-118,362,000	-146,151,000	-76,033,000	39,750,000	-8,292,000	-118,520,000	32,591,000	159,245,000	-113,922,000	-128,219,000	-220,857,000	277,331,000	149,309,000	-107,345,000	-114,928,000	36,645,000	-149,240,000	53,468,000	125,005,000	83,761,000	-185,262,000	40,900,000	-57,500,000	34,900,000	-96,600,000
Accounts Receivable Margin	-1.44%	-2.56%	-1.90%	-1.61%	-1.08%	-0.57%	-1.24%	-3.03%	-0.82%	-0.46%	-5.54%	-2.94%	-2.04%	-3.20%	-1.88%	1.14%	-0.28%	-4.21%	1.11%	5.60%	-3.59%	-4.04%	-12.13%	18.24%	5.92%	-3.93%	-5.55%	1.76%	-9.97%	4.04%	7.63%	3.98%	-12.36%	4.85%	-4.93%	3.38%	-13.90%
Inventory	-356,103,000	-381,082,400	-233,352,300	-172,046,333	-123,332,700	-101,186,800	-90,738,333	-155,170,000	-164,092,000	-749,047,000	-567,003,000	-270,100,000	-74,817,000	-59,561,000	-179,605,000	-46,549,000	-67,579,000	27,500,000	-26,173,000	14,787,000	-93,145,000	-170,141,000	-27,715,000	120,249,000	100,168,000	9,015,000	-87,676,000	-18,295,000	-78,616,000	64,215,000	71,430,000	-101,750,000	-95,780,000	30,800,000	-62,300,000	21,300,000	-86,500,000
Inventory Margin	-3.36%	-4.03%	-3.08%	-2.57%	-1.60%	-1.35%	-1.74%	-1.28%	-1.67%	-7.14%	-6.16%	-3.90%	-1.29%	-1.30%	-4.45%	-1.34%	-2.26%	0.98%	-0.89%	0.52%	-2.94%	-5.36%	-1.52%	7.91%	3.97%	0.33%	-4.23%	-0.88%	-5.25%	4.85%	4.36%	-4.84%	-6.39%	3.65%	-5.34%	2.06%	-12.45%
Accounts Payable	-28,632,000	19,020,400	19,947,400	13,046,933	9,664,450	7,731,560	6,442,967	33,789,000	24,976,000	-144,661,000	101,632,000	79,366,000	61,144,000	-21,627,000	21,778,000	39,968,000	3,109,000	848,000	-12,333,000	-22,812,000	-3,732,000	34,259,000	44,381,000	-46,796,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Accounts Payable Margin	-0.28%	0.28%	0.38%	0.24%	0.15%	0.12%	0.10%	0.28%	0.25%	-1.38%	1.10%	1.15%	1.05%	-0.47%	0.54%	1.15%	0.10%	0.03%	-0.42%	-0.80%	-0.12%	1.08%	2.44%	-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%	0.00%
Other Working Capital	271,429,000	327,029,800	203,190,000	157,106,800	101,057,000	77,311,880	78,825,800	-156,897,000	18,829,000	952,355,000	670,286,000	150,576,000	44,670,000	-99,004,000	426,601,000	11,807,000	12,677,000	102,054,000	65,958,000	72,987,000	29,780,000	53,923,000	287,159,000	-385,704,000	-178,152,000	-74,765,000	16,000,000	-25,282,000	227,543,000	-55,877,000	-300,168,000	65,441,000	276,277,000	-32,700,000	46,600,000	49,300,000	92,500,000
Other Working Capital Margin	2.66%	3.49%	2.74%	2.56%	0.99%	0.57%	1.70%	-1.29%	0.19%	9.07%	7.28%	2.18%	0.77%	-2.17%	10.57%	0.34%	0.42%	3.63%	2.25%	2.57%	0.94%	1.70%	15.77%	-25.37%	-7.06%	-2.74%	0.77%	-1.21%	15.20%	-4.22%	-18.33%	3.11%	18.43%	-3.88%	4.00%	4.78%	13.31%
Other Non-Cash Items	175,508,333	122,415,400	89,028,400	64,935,067	93,623,550	92,240,480	78,372,667	253,913,000	288,663,000	-16,051,000	135,292,000	-49,740,000	284,870,000	4,051,000	9,886,000	-4,173,000	-16,427,000	116,273,000	-25,100,000	-16,318,000	2,241,000	6,646,000	4,200,000	452,892,000	94,747,000	160,337,000	186,269,000	51,962,000	47,941,000	-13,559,000	52,124,000	295,073,000	668,000	23,800,000	20,600,000	100,000	0
Other Non-Cash Items Margin	1.63%	1.13%	1.02%	0.88%	3.09%	3.35%	2.94%	2.09%	2.94%	-0.15%	1.47%	-0.72%	4.91%	0.09%	0.24%	-0.12%	-0.55%	4.13%	-0.86%	-0.57%	0.07%	0.21%	0.23%	29.79%	3.76%	5.87%	9.00%	2.49%	3.20%	-1.02%	3.18%	14.03%	0.04%	2.82%	1.77%	0.01%	0.00%
Net Cash from Operating Activities	3,686,761,000	3,311,602,200	2,255,797,400	1,774,715,800	1,442,912,550	1,225,560,880	1,048,177,967	4,081,903,000	3,308,575,000	3,669,805,000	3,312,702,000	2,185,026,000	1,778,850,000	1,152,632,000	1,229,120,000	1,079,665,000	759,696,000	605,906,000	778,886,000	913,188,000	941,617,000	823,166,000	447,800,000	195,684,000	668,175,000	610,686,000	315,169,000	506,735,000	349,677,000	246,257,000	270,184,000	407,918,000	252,517,000	122,300,000	74,200,000	246,000,000	111,300,000
Net Cash from Operating Activities Margin	34.09%	33.96%	31.26%	29.90%	27.50%	26.09%	24.32%	33.58%	33.72%	34.96%	35.96%	31.58%	30.64%	25.23%	30.45%	31.02%	25.45%	21.53%	26.59%	32.12%	29.69%	25.93%	24.59%	12.87%	26.50%	22.36%	15.22%	24.30%	23.36%	18.61%	16.50%	19.39%	16.85%	14.50%	6.36%	23.84%	16.02%
Capital Expenditures (PPE)	-319,728,000	-299,626,400	-191,858,700	-147,680,000	-124,127,150	-118,494,600	-110,211,967	-340,209,000	-277,384,000	-341,591,000	-307,320,000	-231,628,000	-152,675,000	-130,498,000	-66,947,000	-38,594,000	-31,741,000	-45,791,000	-67,502,000	-74,573,000	-57,596,000	-51,151,000	-30,202,000	-22,226,000	-57,323,000	-83,782,000	-73,810,000	-59,675,000	-55,528,000	-133,766,000	-68,658,000	-162,195,000	-78,694,000	-60,700,000	-83,200,000	-56,800,000	-64,600,000
Capital Expenditures (PPE) Margin	-2.96%	-3.11%	-2.49%	-2.32%	-2.34%	-3.02%	-3.66%	-2.80%	-2.83%	-3.25%	-3.34%	-3.35%	-2.63%	-2.86%	-1.66%	-1.11%	-1.06%	-1.63%	-2.30%	-2.62%	-1.82%	-1.61%	-1.66%	-1.46%	-2.27%	-3.07%	-3.56%	-2.86%	-3.71%	-10.11%	-4.19%	-7.71%	-5.25%	-7.20%	-7.13%	-5.50%	-9.30%
Acquisitions (Net)	13,412,333	-84,408,600	-237,643,200	-159,628,800	-178,036,200	-145,208,200	-122,004,333	0	-3,682,000	43,919,000	-479,113,000	16,833,000	-90,143,000	-1,818,283,000	-17,403,000	-28,560,000	0	0	-18,000,000	0	0	0	-1,500,000	-141,399,000	-494,036,000	-521,693,000	-7,664,000	-44,628,000	0	0	-4,035,000	-20,818,000	-19,925,000	-10,000,000	0	0	0
Acquisitions (Net) Margin	0.13%	-0.92%	-4.72%	-3.19%	-4.81%	-3.98%	-3.40%	0.00%	-0.04%	0.42%	-5.20%	0.24%	-1.55%	-39.80%	-0.43%	-0.82%	0.00%	0.00%	-0.61%	0.00%	0.00%	0.00%	-0.08%	-9.30%	-19.59%	-19.10%	-0.37%	-2.14%	0.00%	0.00%	-0.25%	-0.99%	-1.33%	-1.19%	0.00%	0.00%	0.00%
Purchases of Investments	-2,440,165,000	-1,911,204,000	-1,414,760,400	-1,483,490,200	-1,677,047,300	-1,755,445,600	-1,585,800,900	-2,890,866,000	-2,891,085,000	-1,538,544,000	-1,108,914,000	-1,126,611,000	-908,734,000	-163,185,000	-547,629,000	-1,727,938,000	-1,244,098,000	-1,792,359,000	-1,899,621,000	-1,628,943,000	-1,578,330,000	-1,205,496,000	-1,157,707,000	-1,076,145,000	-1,129,522,000	-3,299,976,000	-4,625,243,000	-3,537,460,000	-2,078,409,000	-1,688,769,000	-2,127,460,000	-913,096,000	-667,887,000	-598,200,000	-915,200,000	-997,300,000	-509,300,000
Purchases of Investments Margin	-22.63%	-19.24%	-22.04%	-32.93%	-50.86%	-65.07%	-66.36%	-23.78%	-29.46%	-14.66%	-12.04%	-16.28%	-15.65%	-3.57%	-13.57%	-49.65%	-41.69%	-63.69%	-64.85%	-57.30%	-49.76%	-37.97%	-63.58%	-70.79%	-44.79%	-120.82%	-223.37%	-169.65%	-138.86%	-127.64%	-129.94%	-43.40%	-44.56%	-70.94%	-78.47%	-96.66%	-73.29%
Sales / Maturities of Investments	2,020,535,667	1,578,397,000	1,328,395,300	1,385,966,133	1,629,033,900	1,686,850,640	1,521,753,933	3,022,170,000	1,690,087,000	1,349,350,000	991,231,000	839,147,000	892,678,000	930,984,000	923,597,000	1,231,259,000	1,413,450,000	2,756,371,000	1,305,178,000	1,460,231,000	1,104,807,000	878,952,000	955,567,000	733,056,000	1,664,593,000	3,506,183,000	4,931,787,000	3,517,165,000	1,813,381,000	1,621,224,000	1,837,817,000	801,001,000	670,052,000	631,200,000	825,600,000	870,400,000	484,100,000
Sales / Maturities of Investments Margin	18.31%	15.57%	21.92%	31.71%	50.44%	62.86%	63.86%	24.86%	17.22%	12.86%	10.76%	12.13%	15.37%	20.38%	22.88%	35.38%	47.36%	97.95%	44.55%	51.37%	34.83%	27.68%	52.48%	48.22%	66.01%	128.37%	238.18%	168.68%	121.16%	122.54%	112.25%	38.07%	44.71%	74.86%	70.79%	84.36%	69.66%
Other Investing Activities	3,834,333	8,203,200	5,103,900	5,141,733	8,680,250	7,072,080	5,893,400	6,424,000	5,079,000	0	27,658,000	1,855,000	0	0	0	2,947,000	7,076,000	0	3,836,000	1,838,000	2,228,000	18,185,000	5,878,000	21,814,000	68,787,000	0	0	0	0	3,197,000	0	0	0	-100,000	100,000	0	0
Other Investing Activities Margin	0.03%	0.09%	0.08%	0.11%	0.30%	0.25%	0.21%	0.05%	0.05%	0.00%	0.30%	0.03%	0.00%	0.00%	0.00%	0.08%	0.24%	0.00%	0.13%	0.06%	0.07%	0.57%	0.32%	1.43%	2.73%	0.00%	0.00%	0.00%	0.00%	0.24%	0.00%	0.00%	0.00%	-0.01%	0.01%	0.00%	0.00%
Net Cash from Investing Activities	-722,110,667	-708,638,800	-510,763,100	-399,691,133	-341,496,500	-325,225,680	-290,369,867	-202,481,000	-1,476,985,000	-486,866,000	-876,458,000	-500,404,000	-258,874,000	-1,180,982,000	291,618,000	-560,886,000	144,687,000	918,221,000	-676,109,000	-241,447,000	-528,891,000	-359,510,000	-227,964,000	-484,900,000	52,499,000	-399,268,000	225,070,000	-124,598,000	-320,556,000	-198,114,000	-362,336,000	-295,108,000	-96,454,000	-37,800,000	-172,700,000	-183,700,000	-89,800,000
Net Cash from Investing Activities Margin	-7.12%	-7.62%	-7.25%	-6.63%	-7.27%	-8.96%	-9.35%	-1.67%	-15.05%	-4.64%	-9.51%	-7.23%	-4.46%	-25.85%	7.22%	-16.12%	4.85%	32.63%	-23.08%	-8.49%	-16.67%	-11.32%	-12.52%	-31.90%	2.08%	-14.62%	10.87%	-5.98%	-21.42%	-14.97%	-22.13%	-14.03%	-6.44%	-4.48%	-14.81%	-17.80%	-12.92%
Net Debt Issuance	-269,574,000	476,806,000	262,358,300	328,824,800	283,847,100	227,126,560	188,254,933	-750,000,000	735,043,000	-793,765,000	3,222,409,000	-29,657,000	20,799,000	1,181,311,000	-697,557,000	-130,000,000	-135,000,000	2,308,789,000	0	0	0	0	0	0	744,570,000	0	0	0	0	0	-448,000	1,670,000	-18,316,000	-8,700,000	-2,600,000	-6,800,000	5,900,000
Net Debt Issuance Margin	-2.08%	5.66%	2.90%	7.40%	7.03%	5.62%	4.61%	-6.17%	7.49%	-7.56%	34.98%	-0.43%	0.36%	25.86%	-17.28%	-3.74%	-4.52%	82.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.53%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.03%	0.08%	-1.22%	-1.03%	-0.22%	-0.66%	0.85%
Long-Term Debt Issuance	-269,574,000	476,806,000	262,358,300	328,824,800	283,847,100	227,126,560	188,254,933	-750,000,000	735,043,000	-793,765,000	3,222,409,000	-29,657,000	20,799,000	1,181,311,000	-697,557,000	-130,000,000	-135,000,000	2,308,789,000	0	0	0	0	0	0	744,570,000	0	0	0	0	0	-448,000	1,670,000	-18,316,000	-8,700,000	-2,600,000	-6,800,000	5,900,000
Long-Term Debt Issuance Margin	-2.08%	5.66%	2.90%	7.40%	7.03%	5.62%	4.61%	-6.17%	7.49%	-7.56%	34.98%	-0.43%	0.36%	25.86%	-17.28%	-3.74%	-4.52%	82.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.53%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.03%	0.08%	-1.22%	-1.03%	-0.22%	-0.66%	0.85%
Short-Term Debt 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
Short-Term Debt 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 Stock Issuance	-1,592,087,000	-2,076,712,400	-1,243,216,700	-898,291,200	-763,534,900	-610,764,840	-504,576,667	-1,998,432,000	-1,590,812,000	-1,187,017,000	-4,754,792,000	-852,509,000	-753,450,000	-1,030,374,000	-141,725,000	20,357,000	-143,413,000	-555,880,000	-128,622,000	-147,133,000	-100,295,000	-110,271,000	-100,408,000	-186,407,000	-955,535,000	-545,216,000	-8,764,000	-70,056,000	113,006,000	26,587,000	-8,084,000	-59,876,000	79,021,000	-7,500,000	18,500,000	22,200,000	19,600,000
Net Stock Issuance Margin	-14.65%	-21.58%	-15.12%	-12.47%	-13.16%	-10.41%	-8.31%	-16.44%	-16.21%	-11.31%	-51.62%	-12.32%	-12.98%	-22.55%	-3.51%	0.58%	-4.81%	-19.75%	-4.39%	-5.18%	-3.16%	-3.47%	-5.51%	-12.26%	-37.89%	-19.96%	-0.42%	-3.36%	7.55%	2.01%	-0.49%	-2.85%	5.27%	-0.89%	1.59%	2.15%	2.82%
Common Stock Issuance	140,431,667	124,081,400	90,597,000	98,630,800	109,348,500	111,631,000	100,695,800	151,514,000	144,934,000	124,847,000	113,014,000	86,098,000	75,634,000	64,828,000	61,444,000	45,359,000	38,298,000	47,008,000	112,221,000	126,121,000	163,569,000	124,573,000	35,867,000	40,108,000	155,635,000	263,245,000	212,653,000	133,602,000	168,812,000	92,499,000	115,136,000	93,756,000	106,999,000	41,300,000	34,500,000	22,200,000	25,100,000
Common Stock Issuance Margin	1.30%	1.28%	1.32%	2.15%	3.15%	3.96%	3.99%	1.25%	1.48%	1.19%	1.23%	1.24%	1.30%	1.42%	1.52%	1.30%	1.28%	1.67%	3.83%	4.44%	5.16%	3.92%	1.97%	2.64%	6.17%	9.64%	10.27%	6.41%	11.28%	6.99%	7.03%	4.46%	7.14%	4.90%	2.96%	2.15%	3.61%
Common Stock Repurchased	-1,732,518,667	-2,200,793,800	-1,333,813,700	-996,922,000	-872,883,400	-722,395,840	-605,272,467	-2,149,946,000	-1,735,746,000	-1,311,864,000	-4,867,806,000	-938,607,000	-829,084,000	-1,095,202,000	-203,169,000	-25,002,000	-181,711,000	-602,888,000	-240,843,000	-273,254,000	-263,864,000	-234,844,000	-136,275,000	-226,515,000	-1,111,170,000	-808,461,000	-221,417,000	-203,658,000	-55,806,000	-65,912,000	-123,220,000	-153,632,000	-27,978,000	-48,800,000	-16,000,000	0	-5,500,000
Common Stock Repurchased Margin	-15.96%	-22.86%	-16.44%	-14.62%	-16.30%	-14.38%	-12.31%	-17.69%	-17.69%	-12.50%	-52.84%	-13.57%	-14.28%	-23.97%	-5.03%	-0.72%	-6.09%	-21.42%	-8.22%	-9.61%	-8.32%	-7.40%	-7.48%	-14.90%	-44.06%	-29.60%	-10.69%	-9.77%	-3.73%	-4.98%	-7.53%	-7.30%	-1.87%	-5.79%	-1.37%	0.00%	-0.79%
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	-803,397,000	-721,614,400	-569,509,700	-646,791,667	-510,267,950	-409,160,120	-340,966,767	-904,594,000	-773,041,000	-732,556,000	-638,528,000	-559,353,000	-522,421,000	-472,263,000	-402,065,000	-343,993,000	-346,283,000	-3,041,055,000	-298,871,000	-265,893,000	-233,561,000	-167,398,000	-102,409,000	-102,149,000	-108,521,000	-95,057,000	-95,348,000	-23,644,000	0	0	0	0	0	0	0	0	0
Net Dividends Paid Margin	-7.43%	-7.46%	-8.81%	-15.22%	-12.65%	-10.17%	-8.47%	-7.44%	-7.88%	-6.98%	-6.93%	-8.08%	-9.00%	-10.34%	-9.96%	-9.88%	-11.60%	-108.07%	-10.20%	-9.35%	-7.36%	-5.27%	-5.62%	-6.72%	-4.30%	-3.48%	-4.60%	-1.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Dividends Paid	-803,397,000	-721,614,400	-569,509,700	-646,791,667	-510,267,950	-409,160,120	-340,966,767	-904,594,000	-773,041,000	-732,556,000	-638,528,000	-559,353,000	-522,421,000	-472,263,000	-402,065,000	-343,993,000	-346,283,000	-3,041,055,000	-298,871,000	-265,893,000	-233,561,000	-167,398,000	-102,409,000	-102,149,000	-108,521,000	-95,057,000	-95,348,000	-23,644,000	0	0	0	0	0	0	0	0	0
Common Dividends Paid Margin	-7.43%	-7.46%	-8.81%	-15.22%	-12.65%	-10.17%	-8.47%	-7.44%	-7.88%	-6.98%	-6.93%	-8.08%	-9.00%	-10.34%	-9.96%	-9.88%	-11.60%	-108.07%	-10.20%	-9.35%	-7.36%	-5.27%	-5.62%	-6.72%	-4.30%	-3.48%	-4.60%	-1.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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	-130,841,333	-106,996,000	-67,815,300	-52,839,333	-39,495,900	-31,091,480	-25,906,233	-132,661,000	-147,207,000	-112,656,000	-86,094,000	-56,362,000	-44,563,000	-38,679,000	-28,756,000	-19,169,000	-12,006,000	-14,826,000	-31,394,000	-15,484,000	-30,247,000	-22,486,000	-13,514,000	-10,561,000	548,000	7,046,000	19,153,000	12,631,000	0	0	0	0	0	0	0	100,000	0
Other Financing Activities Margin	-1.22%	-1.08%	-0.87%	-0.83%	-0.64%	-0.49%	-0.40%	-1.09%	-1.50%	-1.07%	-0.93%	-0.81%	-0.77%	-0.85%	-0.71%	-0.55%	-0.40%	-0.53%	-1.07%	-0.54%	-0.95%	-0.71%	-0.74%	-0.69%	0.02%	0.26%	0.92%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%
Net Cash from Financing Activities	-2,795,899,333	-2,428,516,800	-1,618,183,400	-1,269,097,400	-1,029,451,650	-823,889,880	-683,194,733	-3,785,687,000	-1,776,017,000	-2,825,994,000	-2,257,005,000	-1,497,881,000	-1,299,635,000	-360,005,000	-1,270,103,000	-472,805,000	-636,702,000	-1,302,972,000	-458,887,000	-428,510,000	-364,103,000	-300,155,000	-216,331,000	-299,117,000	-318,938,000	-633,227,000	-84,959,000	-81,069,000	113,006,000	26,587,000	-8,532,000	-58,206,000	60,705,000	-16,200,000	15,900,000	15,500,000	25,500,000
Net Cash from Financing Activities Margin	-25.39%	-24.46%	-21.90%	-21.13%	-19.42%	-15.44%	-12.58%	-31.14%	-18.10%	-26.92%	-24.50%	-21.65%	-22.38%	-7.88%	-31.46%	-13.59%	-21.33%	-46.30%	-15.66%	-15.07%	-11.48%	-9.45%	-11.88%	-19.68%	-12.65%	-23.18%	-4.10%	-3.89%	7.55%	2.01%	-0.52%	-2.77%	4.05%	-1.92%	1.36%	1.50%	3.67%
Effect of FX on Cash	-4,084,333	-5,546,800	-2,762,600	-2,661,267	-1,177,150	-316,840	-305,500	8,044,000	-6,309,000	-13,988,000	-28,941,000	13,460,000	-1,926,000	-33,000	696,000	-1,411,000	2,782,000	-13,991,000	1,581,000	-9,135,000	-8,658,000	17,910,000	1,446,000	-14,806,000	3,859,000	15,129,000	10,748,000	8,213,000	6,968,000	2,753,000	830,000	-3,142,000	-10,044,000	-12,900,000	19,400,000	-300,000	2,600,000
Effect of FX on Cash Margin	-0.04%	-0.05%	-0.02%	-0.05%	-0.02%	0.02%	0.01%	0.07%	-0.06%	-0.13%	-0.31%	0.19%	-0.03%	0.00%	0.02%	-0.04%	0.09%	-0.50%	0.05%	-0.32%	-0.27%	0.56%	0.08%	-0.97%	0.15%	0.55%	0.52%	0.39%	0.47%	0.21%	0.05%	-0.15%	-0.67%	-1.53%	1.66%	-0.03%	0.37%
Net Change in Cash	164,666,667	168,899,800	124,088,300	103,266,000	70,787,250	76,128,480	74,311,200	101,779,000	49,264,000	342,957,000	150,298,000	200,201,000	218,415,000	-388,388,000	251,331,000	44,563,000	270,463,000	207,164,000	-354,529,000	234,096,000	39,965,000	181,411,000	4,951,000	-603,139,000	405,595,000	-406,680,000	466,028,000	309,281,000	149,095,000	77,483,000	-99,854,000	51,462,000	206,724,000	55,500,000	-63,200,000	77,500,000	49,600,000
Net Change in Cash Margin	1.54%	1.83%	2.10%	2.10%	0.79%	1.71%	2.41%	0.84%	0.50%	3.27%	1.63%	2.89%	3.76%	-8.50%	6.23%	1.28%	9.06%	7.36%	-12.10%	8.23%	1.26%	5.71%	0.27%	-39.67%	16.08%	-14.89%	22.51%	14.83%	9.96%	5.86%	-6.10%	2.45%	13.79%	6.58%	-5.42%	7.51%	7.14%
Cash at Beginning of Period	1,829,967,333	1,631,784,200	1,367,886,100	1,152,510,200	1,072,779,550	945,563,280	825,319,000	1,977,129,000	1,927,865,000	1,584,908,000	1,434,610,000	1,234,409,000	1,015,994,000	1,404,382,000	1,153,051,000	1,108,488,000	838,025,000	630,861,000	985,390,000	751,294,000	711,329,000	529,918,000	524,967,000	1,128,106,000	722,511,000	1,129,191,000	663,163,000	353,882,000	449,603,000	372,120,000	529,674,000	478,212,000	271,488,000	216,000,000	279,200,000	201,700,000	152,100,000
Cash at Beginning of Period Margin	17.00%	16.89%	22.12%	22.85%	27.39%	27.12%	26.24%	16.26%	19.65%	15.10%	15.57%	17.84%	17.50%	30.74%	28.56%	31.85%	28.08%	22.42%	33.64%	26.43%	22.43%	16.69%	28.83%	74.21%	28.65%	41.34%	32.03%	16.97%	30.04%	28.13%	32.35%	22.73%	18.11%	25.62%	23.94%	19.55%	21.89%
Cash at End of Period	1,994,634,000	1,800,684,000	1,491,974,400	1,255,776,200	1,143,566,800	1,021,691,760	899,630,200	2,078,908,000	1,977,129,000	1,927,865,000	1,584,908,000	1,434,610,000	1,234,409,000	1,015,994,000	1,404,382,000	1,153,051,000	1,108,488,000	838,025,000	630,861,000	985,390,000	751,294,000	711,329,000	529,918,000	524,967,000	1,128,106,000	722,511,000	1,129,191,000	663,163,000	598,698,000	449,603,000	429,820,000	529,674,000	478,212,000	271,500,000	216,000,000	279,200,000	201,700,000
Cash at End of Period Margin	18.54%	18.71%	24.21%	24.95%	28.18%	28.83%	28.65%	17.10%	20.15%	18.37%	17.21%	20.74%	21.26%	22.24%	34.79%	33.13%	37.14%	29.78%	21.54%	34.66%	23.69%	22.40%	29.10%	34.53%	44.74%	26.45%	54.53%	31.80%	40.00%	33.98%	26.25%	25.18%	31.91%	32.20%	18.52%	27.06%	29.03%
Operating Cash Flow	3,686,761,000	3,311,602,200	2,255,797,400	1,774,715,800	1,442,912,550	1,225,560,880	1,048,177,967	4,081,903,000	3,308,575,000	3,669,805,000	3,312,702,000	2,185,026,000	1,778,850,000	1,152,632,000	1,229,120,000	1,079,665,000	759,696,000	605,906,000	778,886,000	913,188,000	941,617,000	823,166,000	447,800,000	195,684,000	668,175,000	610,686,000	315,169,000	506,735,000	349,677,000	246,257,000	270,184,000	407,918,000	252,517,000	122,300,000	74,200,000	246,000,000	111,300,000
Operating Cash Flow Margin	34.09%	33.96%	31.26%	29.90%	27.50%	26.09%	24.32%	33.58%	33.72%	34.96%	35.96%	31.58%	30.64%	25.23%	30.45%	31.02%	25.45%	21.53%	26.59%	32.12%	29.69%	25.93%	24.59%	12.87%	26.50%	22.36%	15.22%	24.30%	23.36%	18.61%	16.50%	19.39%	16.85%	14.50%	6.36%	23.84%	16.02%
Capital Expenditure	-319,728,000	-299,626,400	-191,858,700	-147,680,000	-124,127,150	-118,494,600	-110,211,967	-340,209,000	-277,384,000	-341,591,000	-307,320,000	-231,628,000	-152,675,000	-130,498,000	-66,947,000	-38,594,000	-31,741,000	-45,791,000	-67,502,000	-74,573,000	-57,596,000	-51,151,000	-30,202,000	-22,226,000	-57,323,000	-83,782,000	-73,810,000	-59,675,000	-55,528,000	-133,766,000	-68,658,000	-162,195,000	-78,694,000	-60,700,000	-83,200,000	-56,800,000	-64,600,000
Capital Expenditure Margin	-2.96%	-3.11%	-2.49%	-2.32%	-2.34%	-3.02%	-3.66%	-2.80%	-2.83%	-3.25%	-3.34%	-3.35%	-2.63%	-2.86%	-1.66%	-1.11%	-1.06%	-1.63%	-2.30%	-2.62%	-1.82%	-1.61%	-1.66%	-1.46%	-2.27%	-3.07%	-3.56%	-2.86%	-3.71%	-10.11%	-4.19%	-7.71%	-5.25%	-7.20%	-7.13%	-5.50%	-9.30%
Free Cash Flow	3,367,033,000	3,011,975,800	2,063,938,700	1,627,035,800	1,318,785,400	1,107,066,280	937,966,000	3,741,694,000	3,031,191,000	3,328,214,000	3,005,382,000	1,953,398,000	1,626,175,000	1,022,134,000	1,162,173,000	1,041,071,000	727,955,000	560,115,000	711,384,000	838,615,000	884,021,000	772,015,000	417,598,000	173,458,000	610,852,000	526,904,000	241,359,000	447,060,000	294,149,000	112,491,000	201,526,000	245,723,000	173,823,000	61,600,000	-9,000,000	189,200,000	46,700,000
Free Cash Flow Margin	31.13%	30.85%	28.77%	27.57%	25.16%	23.07%	20.66%	30.78%	30.89%	31.71%	32.63%	28.23%	28.01%	22.37%	28.79%	29.92%	24.39%	19.90%	24.28%	29.50%	27.87%	24.31%	22.94%	11.41%	24.22%	19.29%	11.66%	21.44%	19.65%	8.50%	12.31%	11.68%	11.60%	7.31%	-0.77%	18.34%	6.72%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	10,821,488,333	9,719,016,400	6,947,161,800	5,626,997,800	4,753,475,750	4,148,618,960	3,631,682,867	12,156,162,000	9,812,247,000	10,496,056,000	9,211,883,000	6,918,734,000	5,806,424,000	4,568,904,000	4,036,701,000	3,480,014,000	2,984,493,000	2,814,049,000	2,929,408,000	2,842,781,000	3,171,944,000	3,175,167,000	1,820,760,000	1,520,216,000	2,521,716,000	2,731,229,000	2,070,627,000	2,085,153,000	1,496,718,000	1,323,049,000	1,637,282,000	2,103,757,000	1,498,812,000	843,200,000	1,166,300,000	1,031,800,000	694,900,000
EBITDA	4,582,908,000	4,122,552,200	2,800,427,000	2,189,072,067	1,728,096,000	1,461,244,560	1,259,598,500	5,340,702,000	3,906,779,000	4,501,243,000	4,012,920,000	2,851,117,000	1,825,034,000	1,654,059,000	1,599,878,000	1,276,261,000	1,036,277,000	773,476,000	855,142,000	832,331,000	1,120,424,000	1,250,438,000	433,046,000	-411,344,000	625,752,000	699,158,000	379,227,000	615,273,000	326,556,000	200,768,000	314,483,000	512,114,000	370,241,000	80,600,000	226,000,000	258,700,000	321,300,000
EBITDA Margin	42.21%	42.28%	39.01%	36.72%	30.81%	29.05%	28.37%	43.93%	39.82%	42.89%	43.56%	41.21%	31.43%	36.20%	39.63%	36.67%	34.72%	27.49%	29.19%	29.28%	35.32%	39.38%	23.78%	-27.06%	24.81%	25.60%	18.31%	29.51%	21.82%	15.17%	19.21%	24.34%	24.70%	9.56%	19.38%	25.07%	46.24%
(-) Tax Adjustment	557,285,426	441,214,547	367,453,560	317,088,612	265,311,467	232,360,198	207,588,186	670,173,900	524,331,020	477,351,356	192,267,801	341,948,656	140,942,399	154,675,446	718,293,554	268,872,369	185,679,095	121,105,114	176,633,167	177,732,095	250,839,185	355,484,019	117,312,261	54,044,066	224,675,119	155,381,177	-1,512,460	155,723,382	81,474,071	48,187,301	77,992,782	139,398,065	104,105,213	17,786,481	79,094,523	101,993,218	115,661,196
(-) Tax Adjustment Margin	5.13%	4.49%	6.00%	6.38%	6.01%	5.93%	6.35%	5.51%	5.34%	4.55%	2.09%	4.94%	2.43%	3.39%	17.79%	7.73%	6.22%	4.30%	6.03%	6.25%	7.91%	11.20%	6.44%	3.56%	8.91%	5.69%	-0.07%	7.47%	5.44%	3.64%	4.76%	6.63%	6.95%	2.11%	6.78%	9.88%	16.64%
(-) Change In Working Capital	-279,081,000	-277,193,400	-162,204,300	-114,473,867	-97,871,700	-78,366,160	-66,107,300	-646,175,000	-201,181,000	10,113,000	-305,411,000	-243,313,000	-87,365,000	-326,343,000	192,741,000	44,976,000	-60,085,000	11,882,000	60,043,000	224,207,000	-181,019,000	-210,178,000	82,968,000	-34,920,000	71,325,000	-173,095,000	-186,604,000	-6,932,000	-313,000	61,806,000	-103,733,000	47,452,000	-4,765,000	39,000,000	-73,200,000	105,500,000	-90,600,000
(-) Change In Working Capital Margin	-2.42%	-2.82%	-1.87%	-1.38%	-1.55%	-1.23%	-1.18%	-5.32%	-2.05%	0.10%	-3.32%	-3.52%	-1.50%	-7.14%	4.77%	1.29%	-2.01%	0.42%	2.05%	7.89%	-5.71%	-6.62%	4.56%	-2.30%	2.83%	-6.34%	-9.01%	-0.33%	-0.02%	4.67%	-6.34%	2.26%	-0.32%	4.63%	-6.28%	10.22%	-13.04%
(-) Capital Expenditure	-319,728,000	-299,626,400	-191,858,700	-147,680,000	-124,127,150	-118,494,600	-110,211,967	-340,209,000	-277,384,000	-341,591,000	-307,320,000	-231,628,000	-152,675,000	-130,498,000	-66,947,000	-38,594,000	-31,741,000	-45,791,000	-67,502,000	-74,573,000	-57,596,000	-51,151,000	-30,202,000	-22,226,000	-57,323,000	-83,782,000	-73,810,000	-59,675,000	-55,528,000	-133,766,000	-68,658,000	-162,195,000	-78,694,000	-60,700,000	-83,200,000	-56,800,000	-64,600,000
(-) Capital Expenditure Margin	-2.96%	-3.11%	-2.49%	-2.32%	-2.34%	-3.02%	-3.66%	-2.80%	-2.83%	-3.25%	-3.34%	-3.35%	-2.63%	-2.86%	-1.66%	-1.11%	-1.06%	-1.63%	-2.30%	-2.62%	-1.82%	-1.61%	-1.66%	-1.46%	-2.27%	-3.07%	-3.56%	-2.86%	-3.71%	-10.11%	-4.19%	-7.71%	-5.25%	-7.20%	-7.13%	-5.50%	-9.30%
Unlevered Free Cash Flow	3,984,975,574	3,658,904,653	2,403,319,040	1,838,777,321	1,436,529,083	1,188,755,922	1,007,905,648	4,976,494,100	3,306,244,980	3,672,187,644	3,818,743,199	2,520,853,344	1,618,781,601	1,695,228,554	621,896,446	923,818,631	878,941,905	594,697,886	550,963,833	355,818,905	993,007,815	1,053,980,981	202,563,739	-452,694,066	272,428,881	633,089,823	493,533,460	406,806,618	189,866,929	-42,991,301	271,565,218	163,068,935	192,206,787	-36,886,481	136,905,477	-5,593,218	231,638,804
Unlevered Free Cash Flow Margin	36.54%	37.50%	32.39%	29.39%	24.00%	21.33%	19.54%	40.94%	33.70%	34.99%	41.45%	36.44%	27.88%	37.10%	15.41%	26.55%	29.45%	21.13%	18.81%	12.52%	31.31%	33.19%	11.13%	-29.78%	10.80%	23.18%	23.83%	19.51%	12.69%	-3.25%	16.59%	7.75%	12.82%	-4.37%	11.74%	-0.54%	33.33%
(-) Net Interest Income After Taxes	-146,345,885	-142,803,366	-112,827,426	-87,902,755	-69,360,586	-55,488,469	-46,240,391	-109,467,511	-130,357,586	-199,212,558	-144,378,403	-130,600,769	-127,922,138	-76,359,775	-42,708,860	-78,306,080	-88,960,578	-78,830,103	-31,941,748	-30,829,414	-20,885,421	-27,780,377	-26,980,337	-34,788,930	-6,901,128	0	0	0	0	0	0	0	0	0	0	0	0
(-) Net Interest Income After Taxes Margin	-1.38%	-1.52%	-1.77%	-1.62%	-1.41%	-1.13%	-0.94%	-0.90%	-1.33%	-1.90%	-1.57%	-1.89%	-2.20%	-1.67%	-1.06%	-2.25%	-2.98%	-2.80%	-1.09%	-1.08%	-0.66%	-0.87%	-1.48%	-2.29%	-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%
Net Debt Issuance	-269,574,000	476,806,000	262,358,300	328,824,800	283,847,100	227,126,560	188,254,933	-750,000,000	735,043,000	-793,765,000	3,222,409,000	-29,657,000	20,799,000	1,181,311,000	-697,557,000	-130,000,000	-135,000,000	2,308,789,000	0	0	0	0	0	0	744,570,000	0	0	0	0	0	-448,000	1,670,000	-18,316,000	-8,700,000	-2,600,000	-6,800,000	5,900,000
Net Debt Issuance Margin	-2.08%	5.66%	2.90%	7.40%	7.03%	5.62%	4.61%	-6.17%	7.49%	-7.56%	34.98%	-0.43%	0.36%	25.86%	-17.28%	-3.74%	-4.52%	82.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.53%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.03%	0.08%	-1.22%	-1.03%	-0.22%	-0.66%	0.85%
Levered Free Cash Flow	3,861,747,460	4,278,514,019	2,778,504,766	2,255,504,876	1,789,736,769	1,471,370,951	1,242,400,971	4,335,961,611	4,171,645,566	3,077,635,202	7,185,530,602	2,621,797,113	1,767,502,738	2,952,899,329	-32,951,694	872,124,712	832,902,483	2,982,316,989	582,905,581	386,648,319	1,013,893,236	1,081,761,358	229,544,076	-417,905,136	1,023,900,009	633,089,823	493,533,460	406,806,618	189,866,929	-42,991,301	271,117,218	164,738,935	173,890,787	-45,586,481	134,305,477	-12,393,218	237,538,804
Levered Free Cash Flow Margin	35.84%	44.68%	37.06%	38.41%	32.44%	28.09%	25.10%	35.67%	42.51%	29.32%	78.00%	37.89%	30.44%	64.63%	-0.82%	25.06%	27.91%	105.98%	19.90%	13.60%	31.96%	34.07%	12.61%	-27.49%	40.60%	23.18%	23.83%	19.51%	12.69%	-3.25%	16.56%	7.83%	11.60%	-5.41%	11.52%	-1.20%	34.18%