Brookfield Global Infrastructure Securities Income Fund (BGI-UN.TO)

Analysis: Margins & Ratios Industry: Asset Management - Income Sector: Financial Services Live Price: $7.70

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Revenue	5,736,814	4,605,916	43,565	18,033,819	9,329,930	9,709,499	5,023,975	2,476,969	10,145,029	-4,325,894	22,546,692	-3,017,448	9,243,103	18,718,929	-70,085,203	20,960,142	31,638,135
Cost of Revenue	836,759	854,338	881,948	1,626,648	1,750,931	793,709	849,805	866,762	819,504	941,911	1,288,622	1,457,942	1,801,223	0	0	0	0
Cost of Revenue Margin	20.03%	9.28%	2.33%	9.02%	18.77%	8.17%	16.91%	34.99%	8.08%	-21.77%	5.72%	-48.32%	19.49%	0.00%	0.00%	0.00%	0.00%
Gross Profit	5,183,324	4,085,439	-671,452	14,249,656	7,579,000	8,915,790	5,023,975	1,610,207	10,145,029	-5,267,805	21,258,070	-4,475,390	7,441,880	18,718,929	-70,085,203	20,960,142	31,638,135
Gross Profit Margin	85.61%	95.72%	100.17%	79.02%	81.23%	91.83%	100.00%	65.01%	100.00%	121.77%	94.28%	148.32%	80.51%	100.00%	100.00%	100.00%	100.00%
R&D Expenses	0	1	0	0	0	0	0	0	0	3	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%
SG&A Expenses	-1,978,165	-1,016,161	-194,226	-3,926,890	0	-6,404,831	254,065	216,272	436,948	416,739	328,994	306,517	454,035	727,094	1,321,909	1,803,692	942,528
SG&A Expenses Margin	-17.39%	-11.50%	-5.93%	-21.78%	0.00%	-65.96%	5.06%	8.73%	4.31%	-9.63%	1.46%	-10.16%	4.91%	3.88%	-1.89%	8.61%	2.98%
Operating Expenses	-1,978,165	-1,016,161	-49,699	-1,383,557	-939,137	-6,404,831	254,065	216,272	436,948	416,739	328,994	306,517	454,035	782,321	2,711,949	2,543,504	1,475,357
Operating Expenses Margin	-17.39%	-11.50%	-6.10%	-7.67%	-10.07%	-65.96%	5.06%	8.73%	4.31%	-9.63%	1.46%	-10.16%	4.91%	4.18%	-3.87%	12.13%	4.66%
Operating Income (EBIT)	8,113,232	3,133,308	-1,151,120	25,974,751	8,707,306	15,320,621	4,769,910	4,249,166	9,514,362	-18,187,515	22,217,698	-3,323,964	8,789,068	17,936,608	-72,797,152	18,416,638	30,162,779
Operating Income (EBIT) Margin	141.43%	187.70%	144.20%	144.03%	93.33%	157.79%	94.94%	171.55%	93.78%	420.43%	98.54%	110.16%	95.09%	95.82%	103.87%	87.87%	95.34%
Interest Income	189,781	114,216	196,740	0	3,431,582	464,755	78,599	25,988	12	1,727	16,865	12,767	1,223	164,508	1,200,958	56,874	32
Interest Income Margin	2.47%	1.47%	0.62%	0.00%	36.78%	4.79%	1.56%	1.05%	0.00%	-0.04%	0.07%	-0.42%	0.01%	0.88%	-1.71%	0.27%	0.00%
Interest Expense	715,133	587,135	772,642	178,901	671,209	1,295,290	360,166	489,944	336,138	454,137	1,021,884	1,141,659	784,228	797,666	1,045,306	853,442	265,075
Interest Expense Margin	13.43%	6.62%	1.11%	0.99%	7.19%	13.34%	7.17%	19.78%	3.31%	-10.50%	4.53%	-37.84%	8.48%	4.26%	-1.49%	4.07%	0.84%
Net Interest Income	-525,353	-472,919	-575,902	0	0	-830,534	-281,567	-463,957	-336,125	-452,410	-1,005,019	-1,128,893	-783,005	-633,159	155,652	-796,568	-265,043
Net Interest Income Margin	-10.96%	-5.15%	-0.49%	0.00%	0.00%	-8.55%	-5.60%	-18.73%	-3.31%	10.46%	-4.46%	37.41%	-8.47%	-3.38%	-0.22%	-3.80%	-0.84%
Unusual Items	1,896,250	1,633,703	1,156,294	2,498,178	87,141	3,316,681	281,567	2,090,503	142,406	2,337,358	1,005,019	1,128,893	783,005	633,159	-155,652	796,568	265,043
Unusual Items Margin	41.39%	14.31%	5.07%	13.85%	0.93%	34.16%	5.60%	84.40%	1.40%	-54.03%	4.46%	-37.41%	8.47%	3.38%	0.22%	3.80%	0.84%
EBT Excluding Unusual Items	4,846,084	338,821	-2,887,806	21,157,295	5,772,652	9,517,794	4,488,343	532,116	9,565,675	-22,409,821	21,212,679	-4,452,857	8,006,063	17,303,450	-72,641,500	17,620,070	29,897,736
EBT Excluding Unusual Items Margin	69.62%	164.23%	134.55%	117.32%	61.87%	98.03%	89.34%	21.48%	94.29%	518.04%	94.08%	147.57%	86.62%	92.44%	103.65%	84.06%	94.50%
Pre-Tax Income	6,742,334	1,972,524	-1,731,512	23,655,473	5,859,793	12,834,474	4,769,910	2,622,619	9,708,081	-20,072,463	22,217,698	-3,323,964	8,789,068	17,936,608	-72,797,152	18,416,638	30,162,779
Pre-Tax Income Margin	111.00%	178.54%	139.62%	131.17%	62.81%	132.18%	94.94%	105.88%	95.69%	464.01%	98.54%	110.16%	95.09%	95.82%	103.87%	87.87%	95.34%
Income Tax Expense	324,007	393,298	742,814	0	0	571,997	14,550	385,473	422,346	572,124	702,714	810,066	1,174,010	1,371,926	1,402,931	2,093,979	1,281,011
Income Tax Expense Margin	7.25%	2.54%	0.70%	0.00%	0.00%	5.89%	0.29%	15.56%	4.16%	-13.23%	3.12%	-26.85%	12.70%	7.33%	-2.00%	9.99%	4.05%
Net Income	6,737,484	1,885,145	-2,321,366	23,655,473	30,196,858	12,834,474	4,755,359	2,622,619	9,285,735	-20,072,463	21,514,984	-4,134,031	7,615,059	16,564,682	-74,200,082	16,322,659	28,881,768
Net Income Margin	110.91%	177.65%	139.74%	131.17%	323.66%	132.18%	94.65%	105.88%	91.53%	464.01%	95.42%	137.00%	82.39%	88.49%	105.87%	77.87%	91.29%
Depreciation and Amortization	55,237	67,455	63,342	2,624,996	7,706,690	0	0	165,711	171,566	0	124,643	116,869	38,088	16,548	0	0	0
Depreciation and Amortization Margin	2.23%	1.68%	0.56%	14.56%	82.60%	0.00%	0.00%	6.69%	1.69%	0.00%	0.55%	-3.87%	0.41%	0.09%	0.00%	0.00%	0.00%
EBITDA	8,110,638	3,170,496	-3,364,894	25,974,751	9,652,344	15,320,621	4,762,129	4,249,166	9,708,081	-18,187,515	22,217,698	-5,389,401	6,467,431	0	-72,797,152	18,416,638	30,162,779
EBITDA Margin	141.38%	188.05%	139.12%	144.03%	103.46%	157.79%	94.79%	171.55%	95.69%	420.43%	98.54%	178.61%	69.97%	0.00%	103.87%	87.87%	95.34%
NOPAT	7,672,602	2,682,467	-1,922,705	25,974,751	8,707,306	14,637,824	4,755,359	3,624,623	9,100,444	-18,705,912	21,514,984	-4,134,031	7,615,059	16,564,682	-74,200,082	16,322,659	28,881,768
NOPAT Margin	130.58%	182.77%	142.30%	144.03%	93.33%	150.76%	94.65%	146.33%	89.70%	432.42%	95.42%	137.00%	82.39%	88.49%	105.87%	77.87%	91.29%
Owner's Earnings	6,737,483	1,885,144	-2,321,367	23,655,469	30,196,858	12,834,472	4,755,356	2,622,619	9,285,735	-20,072,463	21,514,984	-4,134,031	7,615,059	16,564,682	-74,200,082	16,322,659	28,881,768
Owner's Earnings Margin	110.91%	177.65%	139.74%	131.17%	323.66%	132.18%	94.65%	105.88%	91.53%	464.01%	95.42%	137.00%	82.39%	88.49%	105.87%	77.87%	91.29%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Revenue	5,736,814	4,605,916	43,565	9,709,499	5,023,975	2,476,969	10,145,029	-4,325,894	22,546,692	-3,017,448	9,243,103	18,718,929	-70,085,203	20,960,142	31,638,135
Cash & Cash Equivalents	1,707,555	1,685,697	3,402,313	1,561,578	354,519	3,206,567	1,570,012	1,735,809	1,041,453	2,628,452	1,183,466	2,128,909	18,612,358	83,423,246	43,003,101
Cash & Cash Equivalents Margin	50.86%	25.59%	4.31%	16.08%	7.06%	129.46%	15.48%	-40.13%	4.62%	-87.11%	12.80%	11.37%	-26.56%	398.01%	135.92%
Short-Term Investments	44,409,691	26,645,814	13,322,907	68,602,355	64,626,717	0	0	0	0	0	0	0	0	0	0
Short-Term Investments Margin	664.31%	398.58%	199.29%	706.55%	1,286.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	46,117,246	28,331,512	16,725,220	70,163,933	64,981,236	3,206,567	1,570,012	1,735,809	1,041,453	2,628,452	1,183,466	2,128,909	18,612,358	83,423,246	43,003,101
Cash & Short-Term Investments Margin	715.17%	424.17%	203.60%	722.63%	1,293.42%	129.46%	15.48%	-40.13%	4.62%	-87.11%	12.80%	11.37%	-26.56%	398.01%	135.92%
Net Receivables	287,843	301,868	1,210,795	273,301	324,090	266,138	296,787	349,027	589,407	586,410	625,021	6,052,073	2,745,692	11,031,762	2,448,357
Net Receivables Margin	6.67%	2.97%	3.32%	2.81%	6.45%	10.74%	2.93%	-8.07%	2.61%	-19.43%	6.76%	32.33%	-3.92%	52.63%	7.74%
Inventory	47,182,678	43,372,202	57,790,567	0	65,305,326	76,242,707	75,312,976	0	114,790,217	109,963,789	136,290,655	0	0	0	0
Inventory Margin	1,459.31%	1,024.06%	345.97%	0.00%	1,299.87%	3,078.06%	742.36%	0.00%	509.12%	-3,644.26%	1,474.51%	0.00%	0.00%	0.00%	0.00%
Other Current Assets	-45,793,462	-27,849,437	-38,713,249	-68,602,355	-65,305,326	-3,472,705	-1,866,799	0	-1,630,860	-109,963,789	-136,290,655	0	0	0	0
Other Current Assets Margin	-715.54%	-433.00%	-0.25%	-706.55%	-1,299.87%	-140.20%	-18.40%	0.00%	-7.23%	3,644.26%	-1,474.51%	0.00%	0.00%	0.00%	0.00%
Total Current Assets	1,995,398	1,987,566	4,613,107	1,834,880	678,609	3,472,705	1,866,799	2,084,836	1,630,860	3,214,863	1,808,487	8,180,983	21,358,050	94,455,008	45,451,457
Total Current Assets Margin	57.53%	28.56%	7.63%	18.90%	13.51%	140.20%	18.40%	-48.19%	7.23%	-106.54%	19.57%	43.70%	-30.47%	450.64%	143.66%
Property, Plant & Equipment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property, Plant & Equipment 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%
Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill 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%
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible 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%
Long-Term Investments	45,798,906	55,863,043	93,136,248	0	64,626,717	72,770,002	73,446,177	68,472,319	113,159,357	106,748,926	134,482,167	138,367,940	159,288,878	315,239,218	338,996,718
Long-Term Investments Margin	1,408.08%	673.07%	229.64%	0.00%	1,286.37%	2,937.87%	723.96%	-1,582.85%	501.89%	-3,537.72%	1,454.95%	739.19%	-227.28%	1,503.99%	1,071.48%
Tax Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax 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%
Other Non-Current Assets	22,867,452	13,720,471	-47,028,556	68,602,355	0	0	0	0	0	-106,748,926	-134,482,167	-138,367,940	-159,288,878	-315,239,218	-338,996,718
Other Non-Current Assets Margin	235.52%	141.31%	227.74%	706.55%	0.00%	0.00%	0.00%	0.00%	0.00%	3,537.72%	-1,454.95%	-739.19%	227.28%	-1,503.99%	-1,071.48%
Other Assets	0	0	435,166	0	0	0	0	0	0	0	0	4,351,656	0	0	0
Other Assets Margin	0.00%	0.00%	2.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	23.25%	0.00%	0.00%	0.00%
Total Non-Current Assets	68,666,358	69,583,514	99,996,484	68,602,355	64,626,717	72,770,002	73,446,177	68,472,319	113,159,357	106,748,926	134,482,167	138,367,940	159,288,878	315,239,218	338,996,718
Total Non-Current Assets Margin	1,643.59%	814.38%	300.29%	706.55%	1,286.37%	2,937.87%	723.96%	-1,582.85%	501.89%	-3,537.72%	1,454.95%	739.19%	-227.28%	1,503.99%	1,071.48%
Total Assets	70,661,756	71,571,080	105,044,757	70,437,235	65,305,326	76,242,707	75,312,976	70,557,155	114,790,217	109,963,789	136,290,655	150,900,579	180,646,928	409,694,225	384,448,175
Total Assets Margin	1,701.13%	842.94%	310.25%	725.45%	1,299.87%	3,078.06%	742.36%	-1,631.04%	509.12%	-3,644.26%	1,474.51%	806.14%	-257.75%	1,954.63%	1,215.14%
Accounts Payable	1,995,327	2,030,155	2,224,457	1,830,744	1,994,714	2,160,522	2,132,125	2,032,671	1,966,917	2,125,623	2,407,936	2,572,562	3,020,756	4,464,994	6,924,333
Accounts Payable Margin	48.59%	23.96%	9.36%	18.86%	39.70%	87.22%	21.02%	-46.99%	8.72%	-70.44%	26.05%	13.74%	-4.31%	21.30%	21.89%
Short-Term Debt	14,622,538	14,978,055	17,811,280	14,465,523	12,791,163	16,610,927	15,443,513	15,579,146	33,048,622	34,890,644	35,283,259	0	0	0	0
Short-Term Debt Margin	358.07%	173.26%	23.83%	148.98%	254.60%	670.62%	152.23%	-360.14%	146.58%	-1,156.30%	381.73%	0.00%	0.00%	0.00%	0.00%
Tax Payables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Payables 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%
Deferred Revenue	-4,816,802	-8,261,654	-13,803,032	0	0	-14,450,405	-13,311,388	-13,546,475	-31,081,705	-32,765,021	-32,875,322	0	0	0	0
Deferred Revenue Margin	-194.46%	-80.29%	19.09%	0.00%	0.00%	-583.39%	-131.21%	313.15%	-137.85%	1,085.85%	-355.67%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	-9,805,736	-6,716,401	-4,261,264	-14,465,523	-12,791,163	-2,160,522	-2,132,125	-2,032,671	-1,966,917	-2,127,457	-2,407,936	-2,048,367	-479,956	-1,637,332	-6,924,333
Other Current Liabilities Margin	-163.60%	-92.97%	-43.94%	-148.98%	-254.60%	-87.22%	-21.02%	46.99%	-8.72%	70.51%	-26.05%	-10.94%	0.68%	-7.81%	-21.89%
Total Current Liabilities	1,995,327	2,030,155	2,224,457	1,830,744	1,994,714	2,160,522	2,132,125	2,032,671	1,966,917	2,125,623	2,407,936	2,572,562	3,020,756	4,464,994	6,924,333
Total Current Liabilities Margin	48.59%	23.96%	9.36%	18.86%	39.70%	87.22%	21.02%	-46.99%	8.72%	-70.44%	26.05%	13.74%	-4.31%	21.30%	21.89%
Long-Term Debt	14,622,538	14,978,055	10,793,890	14,465,523	12,791,163	16,610,927	15,443,513	15,579,146	33,048,622	0	0	0	0	0	0
Long-Term Debt Margin	358.07%	173.26%	101.29%	148.98%	254.60%	670.62%	152.23%	-360.14%	146.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations 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%
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities 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%
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities 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%
Total Non-Current Liabilities	14,622,538	14,978,055	26,915,927	14,465,523	12,791,163	16,610,927	15,443,513	15,579,146	33,048,622	34,890,644	35,283,259	37,733,064	53,313,408	100,863,064	92,728,030
Total Non-Current Liabilities Margin	358.07%	173.26%	36.38%	148.98%	254.60%	670.62%	152.23%	-360.14%	146.58%	-1,156.30%	381.73%	201.58%	-76.07%	481.21%	293.09%
Total Liabilities	16,617,865	17,008,210	29,393,400	16,296,267	14,785,878	18,771,449	17,575,638	17,611,817	35,015,540	37,018,102	37,691,195	42,353,992	56,814,120	151,898,853	127,240,054
Total Liabilities Margin	406.66%	197.22%	46.76%	167.84%	294.31%	757.84%	173.24%	-407.13%	155.30%	-1,226.80%	407.78%	226.26%	-81.06%	724.70%	402.17%
Preferred Stock	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%
Common Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common 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%
Retained Earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings 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%
Accumulated OCI	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated OCI 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%
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest 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%
Total Shareholders’ Equity	54,043,891	54,562,870	75,651,357	54,140,967	50,519,448	57,471,258	57,737,338	52,945,338	79,774,677	72,945,688	98,599,460	108,546,587	123,832,809	257,795,372	257,208,121
Total Shareholders’ Equity Margin	1,294.47%	645.72%	263.49%	557.61%	1,005.57%	2,320.23%	569.12%	-1,223.92%	353.82%	-2,417.46%	1,066.74%	579.88%	-176.69%	1,229.93%	812.97%
Total Equity	54,043,891	54,562,870	75,651,357	54,140,967	50,519,448	57,471,258	57,737,338	52,945,338	79,774,677	72,945,688	98,599,460	108,546,587	123,832,809	257,795,372	257,208,121
Total Equity Margin	1,294.47%	645.72%	263.49%	557.61%	1,005.57%	2,320.23%	569.12%	-1,223.92%	353.82%	-2,417.46%	1,066.74%	579.88%	-176.69%	1,229.93%	812.97%
Total Liabilities & Equity	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%
Total Investments	90,208,597	82,508,857	106,459,156	68,602,355	129,253,434	72,770,002	73,446,177	68,472,319	113,159,357	106,748,926	134,482,167	138,367,940	159,288,878	315,239,218	338,996,718
Total Investments Margin	2,072.38%	1,071.65%	428.93%	706.55%	2,572.73%	2,937.87%	723.96%	-1,582.85%	501.89%	-3,537.72%	1,454.95%	739.19%	-227.28%	1,503.99%	1,071.48%
Net Debt	12,914,983	13,292,357	23,513,614	12,903,945	12,436,644	13,404,360	13,873,501	13,843,337	32,007,169	32,262,192	34,099,792	35,604,154	34,701,050	17,439,818	49,724,929
Net Debt Margin	307.20%	147.67%	32.07%	132.90%	247.55%	541.16%	136.75%	-320.01%	141.96%	-1,069.19%	368.92%	190.20%	-49.51%	83.20%	157.17%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Revenue	5,736,814	4,605,916	43,565	9,709,499	5,023,975	2,476,969	10,145,029	-4,325,894	22,546,692	-3,017,448	9,243,103	18,718,929	-70,085,203	20,960,142	31,638,135
Working Capital	71	-42,590	2,388,650	4,135	-1,316,105	1,312,183	-265,326	52,165	-336,057	1,089,240	-599,449	5,608,421	18,337,294	89,990,014	38,527,125
Working Capital Margin	8.94%	4.60%	-1.73%	0.04%	-26.20%	52.98%	-2.62%	-1.21%	-1.49%	-36.10%	-6.49%	29.96%	-26.16%	429.34%	121.77%
Total Capital	68,666,429	69,540,924	102,567,284	68,606,490	63,310,611	74,082,185	73,180,851	68,524,484	112,823,299	107,836,332	133,882,718	146,279,651	177,146,216	358,658,436	349,936,151
Total Capital Margin	1,652.53%	818.98%	299.87%	706.59%	1,260.17%	2,990.84%	721.35%	-1,584.05%	500.40%	-3,573.76%	1,448.46%	781.45%	-252.76%	1,711.15%	1,106.06%
Capital Employed	68,666,429	69,540,924	102,820,300	68,606,490	63,310,611	74,082,185	73,180,851	68,524,484	112,823,299	107,838,166	133,882,718	148,328,018	177,626,172	405,229,232	377,523,842
Capital Employed Margin	1,652.53%	818.98%	300.89%	706.59%	1,260.17%	2,990.84%	721.35%	-1,584.05%	500.40%	-3,573.82%	1,448.46%	792.40%	-253.44%	1,933.33%	1,193.26%
Invested Capital	66,958,874	67,855,227	99,164,971	67,044,912	62,956,092	70,875,618	71,610,839	66,788,675	111,781,846	105,207,879	132,699,252	144,150,741	158,533,859	275,235,190	306,933,051
Invested Capital Margin	1,601.67%	793.39%	295.56%	690.51%	1,253.11%	2,861.39%	705.87%	-1,543.93%	495.78%	-3,486.65%	1,435.66%	770.08%	-226.20%	1,313.14%	970.14%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Revenue	5,736,814	4,605,916	43,565	9,709,499	5,023,975	2,476,969	10,145,029	-4,325,894	22,546,692	-3,017,448	9,243,103	18,718,929	-70,085,203	20,960,142	31,638,135
Net Income	6,737,484	1,885,145	-2,321,366	12,834,474	4,755,359	2,622,619	9,285,735	-20,072,463	21,514,984	-4,134,031	7,615,059	16,564,682	-74,200,082	16,322,659	28,881,768
Net Income Margin	110.91%	177.65%	139.74%	132.18%	94.65%	105.88%	91.53%	464.01%	95.42%	137.00%	82.39%	88.49%	105.87%	77.87%	91.29%
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation & Amortization 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%
Deferred Income Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Income Tax 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%
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation 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%
Change in Working Capital	-63,673	-17,297	-60,058	-95,361	-10,463	-85,196	44,715	59,819	-327	20,762	4,367,184	-4,363,822	-537,896	-2,246,221	2,980,801
Change in Working Capital Margin	-1.54%	-1.11%	1.84%	-0.98%	-0.21%	-3.44%	0.44%	-1.38%	0.00%	-0.69%	47.25%	-23.31%	0.77%	-10.72%	9.42%
Accounts Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accounts Receivable 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%
Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory 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%
Accounts Payable	-63,673	-17,297	-5,052	-95,361	-10,463	-85,196	44,715	59,819	-327	20,762	15,528	0	0	0	0
Accounts Payable Margin	-1.54%	-1.11%	-0.61%	-0.98%	-0.21%	-3.44%	0.44%	-1.38%	0.00%	-0.69%	0.17%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Working Capital 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%
Other Non-Cash Items	-4,440,222	5,345,487	19,267,886	-10,892,597	-3,092,590	664,520	-4,879,314	44,927,418	-6,415,261	27,773,686	7,264,458	19,182,968	118,145,569	39,181,559	-311,601,796
Other Non-Cash Items Margin	-48.97%	-246.72%	-217.00%	-112.18%	-61.56%	26.83%	-48.10%	-1,038.57%	-28.45%	-920.44%	78.59%	102.48%	-168.57%	186.93%	-984.89%
Net Cash from Operating Activities	2,233,589	7,213,335	16,886,461	1,846,517	1,652,306	3,201,943	4,451,136	24,914,774	15,099,396	23,660,417	19,246,701	31,383,828	43,407,591	53,257,997	-279,739,227
Net Cash from Operating Activities Margin	60.39%	-70.18%	-75.41%	19.02%	32.89%	129.27%	43.88%	-575.95%	66.97%	-784.12%	208.23%	167.66%	-61.94%	254.09%	-884.18%
Capital Expenditures (PPE)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Expenditures (PPE) 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%
Acquisitions (Net)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Acquisitions (Net) 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%
Purchases of Investments	-12,484,303	-18,209,942	-9,104,971	-14,403,569	-14,696,394	-8,352,946	-28,539,267	-25,057,535	0	0	0	0	0	0	0
Purchases of Investments Margin	-259.36%	-96.03%	-48.02%	-148.35%	-292.53%	-337.22%	-281.31%	579.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	19,746,729	28,149,644	14,074,822	22,702,228	25,127,754	11,410,206	31,630,692	49,877,343	0	0	0	0	0	0	0
Sales / Maturities of Investments Margin	398.21%	70.68%	35.34%	233.81%	500.16%	460.65%	311.79%	-1,153.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Investing Activities 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%
Net Cash from Investing Activities	7,262,426	9,939,702	4,969,851	8,298,659	10,431,359	3,057,260	3,091,425	24,819,808	0	0	0	0	0	0	0
Net Cash from Investing Activities Margin	138.84%	-25.35%	-12.67%	85.47%	207.63%	123.43%	30.47%	-573.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	-520,779	-3,833,490	-1,916,745	343,448	-3,073,200	1,167,414	-135,633	-17,469,476	0	0	0	0	0	0	0
Net Debt Issuance Margin	-3.50%	78.40%	39.20%	3.54%	-61.17%	47.13%	-1.34%	403.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long-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%
Short-Term Debt Issuance	-520,779	-3,833,490	-1,916,745	343,448	-3,073,200	1,167,414	-135,633	-17,469,476	0	0	0	0	0	0	0
Short-Term Debt Issuance Margin	-3.50%	78.40%	39.20%	3.54%	-61.17%	47.13%	-1.34%	403.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-740,869	1,843	-9,542,252	-2,220,136	-4,358,464	4,355,994	2,261,984	-30,164	-7,326,797	-12,990,122	-8,327,996	-21,037,334	-45,749,489	-801,805	-13,678,404
Net Stock Issuance Margin	22.08%	17.85%	35.00%	-22.87%	-86.75%	175.86%	22.30%	0.70%	-32.50%	430.50%	-90.10%	-112.39%	65.28%	-3.83%	-43.23%
Common Stock Issuance	1,501,215	1,369,725	708,551	99,095	0	4,404,551	2,344,978	0	0	50,405	139,761	46,715	0	0	249,489,440
Common Stock Issuance Margin	59.61%	40.39%	20.20%	1.02%	0.00%	177.82%	23.11%	0.00%	0.00%	-1.67%	1.51%	0.25%	0.00%	0.00%	788.57%
Common Stock Repurchased	-2,242,084	-1,367,882	-10,232,155	-2,319,231	-4,358,464	-48,557	-82,994	-30,164	-7,326,797	-13,040,527	-8,327,996	-21,037,334	-45,749,489	-801,805	-13,678,404
Common Stock Repurchased Margin	-37.53%	-22.54%	14.97%	-23.89%	-86.75%	-1.96%	-0.82%	0.70%	-32.50%	432.17%	-90.10%	-112.39%	65.28%	-3.83%	-43.23%
Preferred Stock Issuance	0	0	5,040	0	0	0	0	0	0	50,405	0	0	0	0	0
Preferred Stock Issuance Margin	0.00%	0.00%	-0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.67%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-7,402,798	-7,248,578	-8,846,659	-7,061,429	-7,695,154	-7,451,812	-7,039,073	-6,995,423	-7,621,251	-8,832,694	-9,554,105	-11,296,313	-14,919,335	-14,945,531	-3,742,342
Net Dividends Paid Margin	-175.58%	-86.88%	-31.79%	-72.73%	-153.17%	-300.84%	-69.38%	161.71%	-33.80%	292.72%	-103.36%	-60.35%	21.29%	-71.30%	-11.83%
Common Dividends Paid	-7,402,798	-7,248,578	-8,846,659	-7,061,429	-7,695,154	-7,451,812	-7,039,073	-6,995,423	-7,621,251	-8,832,694	-9,554,105	-11,296,313	-14,919,335	-14,945,531	-3,742,342
Common Dividends Paid Margin	-175.58%	-86.88%	-31.79%	-72.73%	-153.17%	-300.84%	-69.38%	161.71%	-33.80%	292.72%	-103.36%	-60.35%	21.29%	-71.30%	-11.83%
Preferred Dividends Paid	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%
Other Financing Activities	184,707	224,911	-6,639,974	0	191,105	363,015	295,789	274,644	-1,738,347	-392,614	-2,310,044	-15,533,629	-47,549,656	2,909,485	340,163,073
Other Financing Activities Margin	6.15%	3.01%	-1.98%	0.00%	3.80%	14.66%	2.92%	-6.35%	-7.71%	13.01%	-24.99%	-82.98%	67.85%	13.88%	1,075.17%
Net Cash from Financing Activities	-8,479,740	-10,855,314	-26,945,630	-8,938,117	-14,935,714	-1,565,388	-4,616,933	-24,220,418	-16,686,396	-22,215,431	-20,192,144	-47,867,276	-108,218,480	-12,837,851	322,742,328
Net Cash from Financing Activities Margin	-150.85%	12.37%	40.43%	-92.06%	-297.29%	-63.20%	-45.51%	559.89%	-74.01%	736.23%	-218.46%	-255.72%	154.41%	-61.25%	1,020.11%
Effect of FX on Cash	-1,019,087	-6,193,699	-3,096,849	0	0	-3,057,260	-3,091,425	-24,819,808	0	0	0	0	0	0	0
Effect of FX on Cash Margin	-41.14%	83.97%	41.99%	0.00%	0.00%	-123.43%	-30.47%	573.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	-2,811	104,025	-8,186,167	1,207,059	-2,852,048	1,636,555	-165,797	694,356	-1,586,999	1,444,986	-945,443	-16,483,448	-64,810,889	40,420,145	43,003,101
Net Change in Cash Margin	7.24%	0.81%	-5.67%	12.43%	-56.77%	66.07%	-1.63%	-16.05%	-7.04%	-47.89%	-10.23%	-88.06%	92.47%	192.84%	135.92%
Cash at Beginning of Period	1,710,366	1,581,672	11,588,479	354,519	3,206,567	1,570,012	1,735,809	1,041,453	2,628,452	1,183,466	2,128,909	18,612,358	83,423,246	43,003,101	0
Cash at Beginning of Period Margin	43.62%	24.78%	9.98%	3.65%	63.83%	63.38%	17.11%	-24.07%	11.66%	-39.22%	23.03%	99.43%	-119.03%	205.17%	0.00%
Cash at End of Period	1,707,555	1,685,697	3,402,313	1,561,578	354,519	3,206,567	1,570,012	1,735,809	1,041,453	2,628,452	1,183,466	2,128,909	18,612,358	83,423,246	43,003,101
Cash at End of Period Margin	50.86%	25.59%	4.31%	16.08%	7.06%	129.46%	15.48%	-40.13%	4.62%	-87.11%	12.80%	11.37%	-26.56%	398.01%	135.92%
Operating Cash Flow	5,710,709	9,299,607	17,929,597	1,846,517	12,083,666	3,201,943	4,451,136	24,914,774	15,099,396	23,660,417	19,246,701	31,383,828	43,407,591	53,257,997	-279,739,227
Operating Cash Flow Margin	129.60%	-28.65%	-54.65%	19.02%	240.52%	129.27%	43.88%	-575.95%	66.97%	-784.12%	208.23%	167.66%	-61.94%	254.09%	-884.18%
Capital Expenditure	2	1	1	2	3	0	0	0	0	0	0	0	0	0	0
Capital Expenditure 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%
Free Cash Flow	5,710,709	9,299,608	17,929,597	1,846,519	12,083,666	3,201,943	4,451,136	24,914,774	15,099,396	23,660,417	19,246,701	31,383,828	43,407,591	53,257,997	-279,739,227
Free Cash Flow Margin	129.60%	-28.65%	-54.65%	19.02%	240.52%	129.27%	43.88%	-575.95%	66.97%	-784.12%	208.23%	167.66%	-61.94%	254.09%	-884.18%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Revenue	5,736,814	4,605,916	43,565	9,709,499	5,023,975	2,476,969	10,145,029	-4,325,894	22,546,692	-3,017,448	9,243,103	18,718,929	-70,085,203	20,960,142	31,638,135
EBITDA	8,110,638	3,170,496	-3,364,894	15,320,621	4,762,129	4,249,166	9,708,081	-18,187,515	22,217,698	-5,389,401	6,467,431	0	-72,797,152	18,416,638	30,162,779
EBITDA Margin	141.38%	188.05%	139.12%	157.79%	94.79%	171.55%	95.69%	420.43%	98.54%	178.61%	69.97%	0.00%	103.87%	87.87%	95.34%
(-) Tax Adjustment	440,622	245,163	7,607	682,797	14,526	624,543	422,346	-518,397	702,714	-1,313,423	863,894	0	-1,402,931	2,093,979	1,281,011
(-) Tax Adjustment Margin	10.85%	9.74%	10.67%	7.03%	0.29%	25.21%	4.16%	11.98%	3.12%	43.53%	9.35%	0.00%	2.00%	9.99%	4.05%
(-) Change In Working Capital	-63,673	-17,297	-60,058	-95,361	-10,463	-85,196	44,715	59,819	-327	20,762	4,367,184	-4,363,822	-537,896	-2,246,221	2,980,801
(-) Change In Working Capital Margin	-1.54%	-1.11%	1.84%	-0.98%	-0.21%	-3.44%	0.44%	-1.38%	0.00%	-0.69%	47.25%	-23.31%	0.77%	-10.72%	9.42%
(-) Capital Expenditure	2	1	1	2	3	0	0	0	0	0	0	0	0	0	0
(-) Capital Expenditure 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%
Unlevered Free Cash Flow	7,733,688	2,942,629	-3,312,443	14,733,182	4,758,063	3,709,819	9,241,020	-17,728,938	21,515,311	-4,096,740	1,236,352	4,363,822	-70,856,325	18,568,880	25,900,967
Unlevered Free Cash Flow Margin	132.07%	179.43%	126.61%	151.74%	94.71%	149.77%	91.09%	409.83%	95.43%	135.77%	13.38%	23.31%	101.10%	88.59%	81.87%
(-) Net Interest Income After Taxes	-489,997	-446,202	-516,851	-793,520	-280,708	-395,764	-321,502	-439,515	-973,232	-853,776	-678,414	-584,730	152,652	-705,998	-253,786
(-) Net Interest Income After Taxes Margin	-9.91%	-4.55%	-0.94%	-8.17%	-5.59%	-15.98%	-3.17%	10.16%	-4.32%	28.29%	-7.34%	-3.12%	-0.22%	-3.37%	-0.80%
Net Debt Issuance	-520,779	-3,833,490	-1,916,745	343,448	-3,073,200	1,167,414	-135,633	-17,469,476	0	0	0	0	0	0	0
Net Debt Issuance Margin	-3.50%	78.40%	39.20%	3.54%	-61.17%	47.13%	-1.34%	403.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Levered Free Cash Flow	7,702,906	-444,658	-4,712,337	15,870,150	1,965,571	5,272,998	9,426,889	-34,758,899	22,488,543	-3,242,964	1,914,767	4,948,552	-71,008,977	19,274,878	26,154,753
Levered Free Cash Flow Margin	138.48%	262.38%	166.76%	163.45%	39.12%	212.88%	92.92%	803.51%	99.74%	107.47%	20.72%	26.44%	101.32%	91.96%	82.67%