VGP N.V. (0HM0.L)

Category: Company Returns Sector: Real Estate Industry: Real Estate - General Live Price: $105.00

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Net Income	99M	299M	220M	156M	611M	-230M	337M	103M	-144M	763M	436M	241M	142M	113M	107M	102M	58M	29M	14M	15M	31M	1M	34M	43M	16M
Revenue	131M	97M	69M	53M	326M	171M	147M	141M	104M	54M	37M	33M	84M	29M	29M	27M	35M	7M	5M	23M	42M	31M	17M	8M	3M
Return on Revenue	54.15%	548.46%	477.63%	383.20%	187.63%	-134.26%	228.63%	72.62%	-138.80%	1,400.83%	1,179.01%	739.56%	168.64%	382.40%	369.00%	374.43%	166.83%	407.61%	256.74%	65.79%	74.63%	4.43%	196.63%	533.13%	532.21%
Cost of Revenue	33M	25M	15M	12M	45M	25M	30M	35M	33M	14M	12M	11M	1M	2M	6M	5M	4M	3M	2M	7M	9M	8M	5M	3M	1M
Return on Cost of Revenue	332.92%	1,974.75%	3,183.60%	2,378.05%	1,362.98%	-910.54%	1,140.06%	292.88%	-434.18%	5,357.30%	3,517.68%	2,182.73%	10,784.15%	4,945.65%	1,911.35%	2,138.36%	1,546.33%	1,121.46%	613.29%	225.66%	328.06%	18.07%	681.07%	1,611.90%	2,370.17%
Gross Profit	98M	72M	54M	42M	326M	146M	118M	106M	71M	40M	25M	22M	83M	27M	23M	22M	31M	4M	3M	16M	32M	24M	12M	5M	2M
Return on Gross Profit	59.51%	769.75%	646.42%	528.18%	187.19%	-157.48%	285.98%	96.57%	-204.02%	1,896.81%	1,773.39%	1,118.56%	171.32%	414.45%	457.28%	453.91%	187.01%	640.37%	441.61%	92.87%	96.61%	5.87%	276.43%	796.61%	686.32%
R&D Expenses	0M	0M	0M	0M	27M	41M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on R&D Expenses	0.00%	1,716,999,716.12%	1,190,049,866.53%	793,366,577.69%	2,291.27%	-554.10%	0.00%	0.00%	0.00%	5,226,257,633.88%	3,358,740,946.74%	3,315,500,084.68%	0.00%	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	31M	37M	29M	20M	135M	44M	32M	20M	40M	61M	34M	21M	21M	22M	18M	16M	8M	3M	2M	2M	2M	3M	2M	0M	0M
Return on SG&A Expenses	404.92%	745.67%	727.48%	779.70%	453.05%	-525.21%	1,056.77%	518.88%	-360.88%	1,247.42%	1,266.18%	1,135.98%	674.76%	501.17%	591.00%	643.53%	752.88%	888.56%	765.81%	617.22%	1,396.19%	48.38%	1,635.97%	10,091.14%	10,739.84%
Operating Expenses	-83M	-30M	32M	23M	-330M	1,219M	-255M	-33M	38M	64M	37M	23M	93M	122M	125M	103M	54M	1M	2M	-2M	-25M	11M	-41M	-48M	-20M
Return on Operating Expenses	-272.43%	311.93%	302.26%	344.34%	-184.93%	-18.85%	-132.38%	-307.58%	-377.32%	1,188.81%	1,188.15%	1,033.59%	153.16%	92.50%	85.44%	98.21%	107.59%	2,492.51%	571.80%	-903.42%	-126.02%	13.01%	-82.76%	-88.58%	-81.17%
Operating Income (EBIT)	181M	390M	202M	145M	313M	761M	372M	139M	32M	912M	492M	-2M	62M	4M	4M	6M	23M	38M	15M	18M	57M	13M	53M	54M	22M
Return on Operating Income (EBIT)	-93.40%	-21.61%	-639.22%	-388.85%	195.05%	-30.21%	90.49%	73.49%	-444.19%	83.71%	88.45%	-13,607.74%	230.58%	2,520.22%	2,866.12%	1,706.64%	255.68%	75.43%	89.45%	84.21%	54.69%	10.68%	63.69%	79.72%	73.13%
Interest Income	40M	29M	20M	15M	109M	42M	59M	40M	20M	14M	11M	7M	15M	11M	16M	10M	8M	4M	4M	5M	0M	1M	0M	1M	0M
Return on Interest Income	40.24%	1,877.83%	1,677.22%	1,705.82%	559.95%	-552.88%	572.06%	256.79%	-708.13%	5,277.28%	3,991.17%	3,709.42%	956.83%	986.08%	664.67%	1,066.02%	734.18%	704.20%	339.96%	318.65%	6,718.07%	118.43%	9,396.05%	3,743.99%	10,182.96%
Interest Expense	45M	32M	27M	21M	31M	130M	50M	41M	44M	24M	0M	28M	26M	27M	19M	14M	10M	3M	0M	7M	17M	13M	12M	6M	1M
Return on Interest Expense	199.30%	742.71%	681.22%	1,184.36%	1,999.39%	-177.33%	669.87%	253.03%	-325.01%	3,115.68%	0.00%	856.33%	556.12%	416.25%	562.14%	707.78%	605.78%	1,031.93%	8,906.92%	223.17%	185.41%	10.34%	275.34%	755.16%	2,196.01%
Net Interest Income	-5M	-3M	-9M	-7M	51M	-88M	9M	-1M	-24M	-10M	11M	-17M	-15M	-15M	-14M	-12M	-7M	1M	4M	-4M	-16M	-12M	-12M	-5M	-1M
Return on Net Interest Income	-4,244.25%	-3,269.62%	-2,112.51%	-1,264.08%	1,206.41%	261.07%	3,917.91%	-17,251.38%	600.73%	-7,606.54%	3,991.17%	-1,455.15%	-945.48%	-776.22%	-749.29%	-850.81%	-794.45%	3,168.45%	366.08%	-385.49%	-190.67%	-11.33%	-283.65%	-945.96%	-1,711.96%
Unusual Items	73M	49M	-38M	-27M	-461M	1,060M	-11M	8M	224M	25M	-1M	-183M	-89M	-117M	-126M	-106M	-53M	-2M	-7M	4M	33M	24M	24M	9M	2M
Return on Unusual Items	-559.69%	-10,290.62%	-5,202.30%	-3,546.97%	-132.53%	-21.68%	-2,950.11%	1,335.35%	-64.30%	3,066.30%	-52,840.31%	-132.26%	-160.49%	-95.93%	-85.01%	-96.28%	-110.13%	-1,351.61%	-187.42%	372.39%	95.33%	5.67%	141.83%	473.04%	1,062.36%
EBT Excluding Unusual Items	40M	295M	285M	204M	1,156M	-1,272M	387M	125M	-391M	872M	483M	385M	250M	255M	259M	222M	130M	41M	26M	12M	8M	-24M	17M	40M	20M
Return on EBT Excluding Unusual Items	68.71%	76.76%	63.49%	88.10%	52.82%	18.07%	87.16%	82.19%	36.78%	87.53%	90.14%	62.71%	56.97%	44.18%	41.41%	45.80%	44.72%	70.00%	52.57%	127.45%	391.90%	-5.84%	195.15%	106.69%	82.31%
Pre-Tax Income	113M	344M	247M	177M	695M	-212M	375M	132M	-167M	897M	482M	202M	161M	138M	133M	116M	77M	39M	19M	16M	40M	1M	41M	49M	21M
Return on Pre-Tax Income	84.40%	85.72%	88.62%	85.33%	87.82%	108.64%	89.81%	77.43%	85.95%	85.10%	90.30%	119.25%	88.33%	81.91%	80.73%	87.36%	75.30%	73.82%	73.07%	94.95%	76.68%	186.37%	82.13%	87.05%	76.39%
Income Tax Expense	15M	45M	27M	21M	85M	-34M	38M	30M	-24M	134M	47M	-38M	19M	25M	26M	15M	19M	10M	3M	2M	9M	-1M	7M	6M	5M
Return on Income Tax Expense	612.06%	667.53%	502.46%	481.43%	721.19%	670.50%	881.55%	342.98%	611.64%	571.00%	930.49%	-632.54%	757.01%	452.70%	418.94%	690.89%	304.85%	281.99%	436.61%	844.45%	328.83%	-215.78%	459.75%	672.49%	323.53%
Depreciation and Amortization	7M	6M	3M	2M	20M	678M	10M	7M	5M	3M	2M	1M	0M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Depreciation and Amortization	690.98%	9,336.23%	24,333.34%	21,658.40%	3,124.91%	-33.87%	3,334.34%	1,474.53%	-2,735.92%	26,740.23%	17,867.97%	17,035.05%	55,299.54%	48,238.69%	64,285.92%	11,793.05%	27,729.78%	22,926.42%	8,330.22%	7,888.41%	14,667.78%	457.59%	15,781.22%	55,195.45%	18,577.03%
EBITDA	196M	112M	57M	43M	206M	222M	436M	115M	38M	-21M	-10M	5M	-13M	5M	7M	7M	23M	5M	1M	15M	30M	21M	53M	6M	23M
Return on EBITDA	-71.88%	-1,669.34%	39.61%	224.77%	296.32%	-103.45%	77.36%	89.15%	-382.14%	-3,622.28%	-4,508.80%	4,424.64%	-1,098.37%	2,395.08%	1,530.62%	1,490.89%	253.34%	604.23%	1,910.73%	104.39%	102.74%	6.52%	63.01%	706.40%	69.21%
NOPAT	157M	338M	176M	125M	275M	637M	334M	108M	28M	776M	445M	-2M	54M	4M	3M	5M	17M	28M	13M	16M	43M	24M	43M	47M	17M
Return on NOPAT	-107.04%	-24.96%	-273.21%	-134.45%	222.09%	-36.06%	100.76%	94.92%	-516.81%	98.37%	97.95%	-11,449.20%	261.04%	3,076.92%	3,550.27%	1,953.67%	339.55%	102.18%	107.43%	94.88%	71.32%	5.73%	77.55%	91.57%	95.73%
Owner's Earnings	12M	47M	15M	8M	630M	-780M	347M	109M	-421M	-80M	280M	95M	-249M	7M	-38M	103M	58M	-77M	-3M	-41M	31M	2M	34M	43M	16M
Return on Owner's Earnings	74.98%	-115.27%	105.23%	43.62%	96.90%	29.46%	97.09%	93.65%	34.21%	-956.85%	155.54%	252.86%	-57.03%	1,616.89%	-283.21%	99.16%	99.64%	-37.16%	-522.52%	-37.37%	99.32%	82.07%	99.37%	99.82%	99.46%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Net Income	99M	299M	220M	156M	337M	103M	-144M	763M	436M	241M	142M	113M	107M	102M	58M	29M	14M	15M	31M	1M	34M	43M	16M
Cash & Cash Equivalents	549M	434M	270M	192M	578M	246M	821M	261M	261M	207M	190M	36M	84M	12M	51M	93M	22M	19M	6M	5M	5M	62M	3M
Return on Cash & Cash Equivalents	27.44%	108.35%	205.92%	189.15%	58.27%	41.58%	-17.53%	292.61%	166.82%	116.73%	75.01%	317.14%	127.50%	881.03%	113.22%	30.67%	60.55%	79.24%	494.33%	27.18%	665.98%	68.95%	543.79%
Short-Term Investments	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	549M	434M	270M	192M	578M	246M	821M	261M	261M	207M	190M	36M	84M	12M	51M	93M	22M	19M	6M	5M	5M	62M	3M
Return on Cash & Short-Term Investments	27.44%	108.35%	205.92%	189.15%	58.27%	41.58%	-17.53%	292.61%	166.82%	116.73%	75.01%	317.14%	127.50%	881.03%	113.22%	30.67%	60.55%	79.24%	494.33%	27.18%	665.98%	68.95%	543.79%
Net Receivables	24M	36M	22M	16M	35M	19M	19M	98M	9M	7M	9M	13M	3M	6M	2M	10M	10M	0M	0M	0M	0M	0M	4M
Return on Net Receivables	251.21%	1,259.68%	1,734.68%	1,427.99%	968.41%	548.11%	-762.88%	777.53%	4,767.24%	3,333.00%	1,663.77%	866.85%	3,427.94%	1,756.87%	3,650.81%	286.18%	136.06%	0.00%	0.00%	0.00%	0.00%	0.00%	456.56%
Inventory	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-2M	0M	0M	0M	0M	0M	0M	0M
Return on Inventory	0.00%	0.00%	0.00%	-89.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,337.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Assets	632M	545M	460M	336M	296M	1,123M	477M	665M	164M	226M	341M	519M	175M	619M	6M	10M	11M	51M	357M	5M	11M	11M	4M
Return on Other Current Assets	30.89%	94.73%	72.16%	138.62%	113.73%	9.13%	-30.19%	114.79%	266.18%	106.95%	41.66%	21.72%	61.26%	16.41%	902.36%	288.45%	128.13%	30.03%	8.70%	25.94%	304.13%	392.72%	378.08%
Total Current Assets	1,205M	1,014M	752M	543M	909M	1,388M	1,317M	1,024M	434M	440M	539M	567M	262M	637M	59M	105M	33M	70M	363M	10M	16M	73M	7M
Return on Total Current Assets	11.17%	41.69%	36.64%	37.53%	37.05%	7.38%	-10.93%	74.54%	100.39%	54.89%	26.36%	19.86%	40.88%	15.97%	97.90%	27.16%	41.12%	21.78%	8.54%	13.27%	208.79%	58.65%	223.02%
Property, Plant & Equipment	119M	83M	157M	138M	144M	126M	86M	38M	20M	6M	301M	291M	461M	101M	489M	0M	0M	0M	0M	0M	0M	0M	8M
Return on Property, Plant & Equipment	49.56%	872.08%	845.91%	2,638.80%	234.64%	81.26%	-167.22%	2,022.51%	2,189.21%	3,889.03%	47.22%	38.69%	23.27%	100.55%	11.85%	8,182.49%	4,804.56%	4,653.60%	13,470.41%	347.93%	6,983.86%	17,264.93%	194.88%
Goodwill	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	0.00%	0.00%	1,371.81%	1,692.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13,718.07%	7,822.35%	3,851.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	1M	1M	1M	0M	1M	1M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Intangible Assets	12,718.82%	33,379.82%	254,930.16%	185,078.74%	39,639.09%	8,729.20%	-10,211.83%	62,146.75%	66,595.87%	446,984.78%	295,380.49%	266,652.78%	652,042.86%	721,341.67%	86,594.74%	47,650.98%	19,963.79%	30,086.05%	42,583.87%	1,837.50%	285,640.00%	404,766.67%	0.00%
Long-Term Investments	1,264M	1,160M	689M	459M	1,528M	1,218M	1,046M	1,008M	1,000M	529M	283M	169M	105M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Investments	5.58%	27.21%	7,700.36%	24,655.03%	22.06%	8.42%	-13.75%	75.75%	43.56%	45.61%	50.16%	66.83%	102.34%	76,602.65%	290,347.06%	2,474.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	9M	6M	4M	3M	14M	10M	5M	2M	2M	1M	1M	1M	1M	1M	0M	0M	0M	0M	1M	3M	1M	0M	0M
Return on Tax Assets	109.65%	10,876.63%	13,822.24%	13,196.16%	2,469.77%	1,051.20%	-3,192.03%	33,284.95%	20,769.26%	29,584.60%	15,427.52%	13,872.11%	17,321.82%	7,633.25%	19,131.40%	18,001.48%	14,656.96%	5,323.87%	2,606.32%	49.43%	2,464.54%	0.00%	0.00%
Other Non-Current Assets	2,486M	1,924M	1,005M	727M	2,870M	2,436M	2,153M	1,663M	498M	432M	-1M	-1M	-1M	-1M	0M	323M	172M	138M	220M	503M	463M	264M	113M
Return on Other Non-Current Assets	3.09%	28.51%	-5,405.63%	-4,876.39%	11.74%	4.21%	-6.68%	45.91%	87.39%	55.86%	-15,427.52%	-13,872.11%	-17,321.82%	-7,633.25%	-19,131.40%	8.84%	7.89%	10.97%	14.12%	0.27%	7.25%	16.18%	14.26%
Other Assets	2,087M	1,549M	903M	602M	0M	5,179M	1,082M	824M	661M	499M	299M	185M	196M	104M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Assets	-3.77%	29.45%	45.68%	1,305.88%	0.00%	1.98%	-13.30%	92.67%	65.90%	48.39%	47.49%	60.96%	54.74%	97.97%	19,131.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	3,879M	3,174M	1,855M	1,327M	4,555M	3,791M	3,292M	2,712M	1,521M	969M	585M	460M	565M	102M	490M	325M	173M	139M	221M	506M	465M	265M	122M
Return on Total Non-Current Assets	1.91%	12.50%	25.49%	20.55%	7.40%	2.70%	-4.37%	28.15%	28.64%	24.93%	24.32%	24.50%	18.96%	99.67%	11.83%	8.77%	7.87%	10.92%	14.02%	0.27%	7.22%	16.16%	13.29%
Total Assets	5,445M	4,702M	2,992M	2,126M	5,465M	5,179M	5,690M	4,559M	2,616M	1,907M	1,424M	1,212M	1,023M	842M	549M	430M	206M	209M	584M	516M	481M	338M	129M
Return on Total Assets	1.87%	7.80%	9.35%	8.66%	6.17%	1.98%	-2.53%	16.74%	16.65%	12.66%	9.99%	9.30%	10.47%	12.07%	10.55%	6.63%	6.60%	7.27%	5.31%	0.27%	6.98%	12.67%	12.54%
Accounts Payable	92M	91M	68M	49M	82M	79M	115M	112M	68M	66M	46M	45M	38M	31M	25M	7M	4M	7M	12M	9M	33M	24M	7M
Return on Accounts Payable	138.55%	347.41%	326.87%	319.09%	410.36%	130.24%	-124.94%	682.94%	638.43%	364.98%	312.38%	250.12%	279.83%	324.39%	231.81%	416.84%	380.89%	226.01%	262.08%	15.98%	101.66%	175.47%	223.64%
Short-Term Debt	251M	169M	106M	74M	135M	131M	486M	52M	40M	2M	18M	96M	96M	4M	7M	13M	14M	6M	6M	6M	10M	2M	1M
Return on Short-Term Debt	99.45%	569.40%	2,205.17%	1,603.70%	249.85%	78.11%	-29.62%	1,472.48%	1,076.18%	15,707.64%	809.59%	117.99%	111.77%	2,457.72%	862.62%	223.06%	94.58%	275.72%	547.76%	21.58%	336.68%	2,607.66%	2,095.58%
Tax Payables	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	219,723.08%	44,425.61%	19,361.97%
Deferred Revenue	-154M	-98M	-70M	-47M	0M	0M	-461M	-27M	0M	-2M	-18M	-96M	-96M	-4M	-7M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	10.39%	-549.03%	-2,194.99%	-1,520.83%	0.00%	0.00%	31.18%	-2,776.35%	0.00%	-15,707.64%	-809.59%	-117.99%	-111.77%	-2,457.72%	-862.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	202M	149M	108M	87M	20M	76M	511M	115M	25M	65M	39M	48M	12M	168M	2M	13M	0M	8M	206M	0M	14M	0M	0M
Return on Other Current Liabilities	607.76%	848.26%	613.79%	998.76%	1,717.46%	133.99%	-28.16%	663.10%	1,754.93%	373.33%	368.32%	233.43%	861.11%	60.40%	2,746.74%	221.86%	5,675.98%	183.92%	15.03%	432.35%	242.23%	0.00%	0.00%
Total Current Liabilities	405M	323M	239M	181M	268M	293M	654M	260M	140M	132M	102M	189M	147M	205M	34M	33M	19M	20M	224M	15M	57M	26M	8M
Return on Total Current Liabilities	46.20%	148.71%	124.81%	110.98%	125.55%	35.04%	-21.99%	293.07%	311.88%	182.81%	139.83%	59.68%	72.69%	49.49%	168.57%	87.20%	72.85%	74.14%	13.86%	8.99%	59.05%	163.80%	199.99%
Long-Term Debt	2,266M	1,850M	1,187M	829M	2,281M	2,214M	2,302M	1,574M	879M	901M	663M	460M	391M	201M	227M	187M	5M	5M	142M	277M	212M	139M	57M
Return on Long-Term Debt	4.38%	22.24%	26.20%	62.08%	14.77%	4.63%	-6.25%	48.49%	49.54%	26.78%	21.46%	24.49%	27.39%	50.68%	25.57%	15.22%	295.68%	310.99%	21.83%	0.50%	15.83%	30.87%	28.14%
Capital Lease Obligations	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	55M	69M	45M	34M	42M	28M	94M	132M	51M	37M	20M	15M	24M	11M	32M	14M	4M	2M	10M	26M	26M	18M	11M
Return on Deferred Tax Liabilities	338.60%	488.26%	596.62%	524.48%	804.97%	364.64%	-153.81%	578.88%	846.64%	649.71%	725.53%	773.53%	444.52%	931.56%	180.61%	206.77%	344.82%	851.12%	317.75%	5.38%	131.26%	241.73%	142.28%
Other Non-Current Liabilities	78M	82M	39M	26M	45M	39M	148M	170M	9M	0M	-20M	0M	0M	0M	0M	1M	1M	0M	0M	16M	4M	2M	1M
Return on Other Non-Current Liabilities	303.60%	1,191.39%	525.18%	4,344.98%	747.93%	260.05%	-97.19%	449.08%	4,597.09%	0.00%	-705.17%	0.00%	0.00%	0.00%	0.00%	3,370.60%	2,718.08%	46,203.57%	7,630.64%	8.62%	906.79%	2,684.52%	1,205.88%
Total Non-Current Liabilities	2,371M	1,960M	1,242M	868M	2,378M	2,286M	2,450M	1,744M	943M	901M	663M	460M	391M	201M	227M	203M	10M	7M	153M	319M	241M	158M	70M
Return on Total Non-Current Liabilities	4.26%	20.55%	25.35%	45.39%	14.17%	4.48%	-5.87%	43.76%	46.19%	26.78%	21.46%	24.49%	27.39%	50.68%	25.57%	14.08%	140.78%	226.65%	20.25%	0.43%	13.91%	27.10%	23.04%
Total Liabilities	2,777M	2,283M	1,494M	1,060M	2,646M	2,579M	3,104M	2,005M	1,083M	1,086M	785M	665M	565M	417M	296M	235M	28M	27M	377M	334M	298M	184M	78M
Return on Total Liabilities	4.02%	18.08%	19.10%	22.32%	12.74%	3.97%	-4.63%	38.08%	40.23%	22.24%	18.10%	16.95%	18.97%	24.36%	19.55%	12.13%	48.01%	55.86%	8.23%	0.41%	11.26%	23.25%	20.66%
Preferred Stock	24M	29M	31M	29M	0M	36M	36M	36M	36M	36M	36M	36M	59M	0M	59M	59M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock	-38.63%	648.17%	481.15%	330.49%	0.00%	286.99%	-402.89%	2,137.21%	1,219.55%	676.00%	398.17%	315.61%	180.81%	0.00%	97.77%	48.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	124M	110M	110M	99M	124M	124M	124M	92M	85M	73M	109M	109M	132M	132M	132M	73M	73M	26M	73M	73M	73M	73M	13M
Return on Common Stock	79.41%	316.07%	230.27%	166.97%	271.57%	82.60%	-115.96%	828.54%	513.59%	330.30%	130.69%	103.59%	80.97%	76.78%	43.78%	39.04%	18.60%	58.02%	42.41%	1.89%	45.89%	58.52%	125.33%
Retained Earnings	1,551M	1,511M	1,001M	714M	1,702M	1,483M	1,469M	1,788M	1,113M	749M	565M	474M	385M	281M	180M	122M	104M	155M	140M	115M	114M	0M	0M
Return on Retained Earnings	5.64%	19.74%	24.39%	22.96%	19.80%	6.91%	-9.80%	42.68%	39.12%	32.25%	25.17%	23.77%	27.83%	36.12%	32.24%	23.43%	13.02%	9.77%	22.11%	1.20%	29.43%	0.00%	0.00%
Accumulated OCI	-24M	-29M	-30M	-28M	0M	-36M	-36M	-36M	-36M	-36M	-36M	-36M	-59M	11M	-59M	-59M	0M	0M	0M	0M	0M	0M	0M
Return on Accumulated OCI	38.63%	-648.17%	-390.16%	-269.84%	0.00%	-286.99%	402.89%	-2,137.21%	-1,219.55%	-676.00%	-398.17%	-315.61%	-180.81%	909.83%	-97.77%	-48.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Minority Interest	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	2,668M	2,418M	1,498M	1,066M	2,819M	2,600M	2,586M	2,555M	1,533M	822M	638M	547M	458M	425M	253M	195M	178M	182M	207M	182M	183M	154M	51M
Return on Total Shareholders’ Equity	3.44%	13.72%	18.82%	17.11%	11.96%	3.94%	-5.56%	29.88%	28.41%	29.38%	22.28%	20.59%	23.39%	23.91%	22.91%	14.63%	7.66%	8.36%	14.97%	0.76%	18.36%	27.85%	31.89%
Total Equity	2,668M	2,418M	1,498M	1,066M	2,819M	2,600M	2,586M	2,555M	1,533M	822M	638M	547M	458M	425M	253M	195M	178M	182M	207M	182M	183M	154M	51M
Return on Total Equity	3.44%	13.72%	18.82%	17.11%	11.96%	3.94%	-5.56%	29.88%	28.41%	29.38%	22.28%	20.59%	23.39%	23.91%	22.91%	14.63%	7.66%	8.36%	14.97%	0.76%	18.36%	27.85%	31.89%
Total Liabilities & Equity	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Liabilities & Equity	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	1,264M	1,160M	689M	459M	1,528M	1,218M	1,046M	1,008M	1,000M	529M	283M	169M	105M	0M	0M	1M	-1M	1M	0M	0M	0M	0M	0M
Return on Total Investments	5.58%	27.21%	7,700.36%	24,602.77%	22.06%	8.42%	-13.75%	75.75%	43.56%	45.61%	50.16%	66.83%	102.34%	76,602.65%	290,347.06%	2,474.75%	-2,124.59%	1,340.62%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	1,959M	1,572M	996M	692M	1,837M	2,098M	1,942M	1,341M	642M	696M	491M	422M	301M	189M	182M	107M	-3M	-9M	141M	278M	217M	78M	55M
Return on Net Debt	5.27%	28.12%	32.03%	-10.85%	18.34%	4.88%	-7.41%	56.93%	67.84%	34.68%	28.98%	26.68%	35.61%	53.77%	31.81%	26.61%	-390.52%	-173.09%	22.06%	0.50%	15.47%	54.71%	29.26%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Net Income	99M	299M	220M	156M	337M	103M	-144M	763M	436M	241M	142M	113M	107M	102M	58M	29M	14M	15M	31M	1M	34M	43M	16M
Working Capital	800M	691M	513M	362M	641M	1,095M	662M	764M	294M	308M	438M	379M	115M	431M	25M	72M	14M	49M	139M	-5M	-41M	47M	-1M
Return on Working Capital	13.40%	57.64%	54.59%	64.43%	52.57%	9.36%	-21.73%	99.97%	148.05%	78.45%	32.48%	29.77%	93.43%	23.57%	233.53%	39.45%	94.41%	30.83%	22.29%	-27.87%	-82.33%	91.37%	-1,936.20%
Total Capital	5,184M	4,437M	2,770M	1,955M	5,234M	4,945M	5,374M	4,181M	2,453M	1,725M	1,318M	1,005M	843M	626M	486M	395M	197M	192M	354M	466M	405M	294M	109M
Return on Total Capital	1.94%	8.37%	10.68%	9.97%	6.44%	2.07%	-2.68%	18.26%	17.76%	14.00%	10.79%	11.21%	12.71%	16.25%	11.92%	7.22%	6.92%	7.91%	8.76%	0.30%	8.29%	14.56%	14.84%
Capital Employed	5,040M	4,379M	2,753M	1,945M	5,196M	4,887M	5,036M	4,299M	2,476M	1,775M	1,322M	1,024M	876M	637M	515M	398M	187M	188M	360M	501M	424M	311M	121M
Return on Capital Employed	1.91%	8.21%	10.46%	9.80%	6.49%	2.10%	-2.86%	17.76%	17.59%	13.60%	10.76%	11.01%	12.24%	15.96%	11.25%	7.18%	7.26%	8.06%	8.61%	0.28%	7.91%	13.73%	13.38%
Invested Capital	4,636M	4,004M	2,501M	1,763M	4,656M	4,699M	4,553M	3,920M	2,192M	1,518M	1,129M	970M	759M	614M	435M	302M	174M	173M	348M	461M	399M	232M	106M
Return on Invested Capital	2.09%	9.12%	11.64%	10.98%	7.24%	2.18%	-3.16%	19.47%	19.87%	15.91%	12.60%	11.62%	14.12%	16.55%	13.32%	9.44%	7.81%	8.79%	8.92%	0.30%	8.40%	18.45%	15.26%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Net Income	99M	299M	220M	156M	611M	-230M	337M	103M	-144M	763M	436M	241M	142M	113M	107M	102M	58M	29M	14M	15M	31M	1M	34M	43M	16M
Depreciation & Amortization	7M	6M	3M	2M	20M	9M	10M	7M	5M	3M	2M	1M	0M	0M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Depreciation & Amortization	690.98%	9,336.23%	19,740.93%	18,596.79%	3,124.91%	-2,458.14%	3,334.34%	1,474.53%	-2,735.92%	26,740.23%	17,867.97%	17,035.05%	67,281.11%	44,442.13%	10,176.81%	11,793.05%	27,729.78%	22,926.42%	8,330.22%	7,888.41%	14,667.78%	457.59%	15,781.22%	55,195.45%	18,577.03%
Deferred Income Tax	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	-32M	-33M	-24M	-16M	-29M	-106M	-21M	-10M	-66M	-48M	-21M	-11M	-29M	-9M	-17M	-10M	9M	8M	-5M	-13M	3M	-17M	10M	12M	-13M
Return on Change in Working Capital	-823.60%	-1,230.73%	-1,181.60%	-673.54%	-2,126.15%	216.87%	-1,630.98%	-1,059.24%	219.42%	-1,603.49%	-2,079.37%	-2,214.46%	-493.18%	-1,313.56%	-629.34%	-1,011.82%	652.81%	353.33%	-299.82%	-115.01%	1,121.58%	-8.04%	339.80%	364.47%	-127.95%
Accounts Receivable	-30M	-37M	-26M	-17M	-38M	-109M	-14M	-24M	-51M	-60M	-33M	-14M	-29M	-9M	-17M	-10M	9M	-2M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	-854.13%	-1,027.77%	-1,026.53%	-754.61%	-1,610.90%	211.27%	-2,425.72%	-420.22%	283.56%	-1,262.93%	-1,313.52%	-1,678.61%	-493.18%	-1,313.56%	-629.34%	-1,011.82%	652.81%	-1,706.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Inventory	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	-1M	4M	7M	4M	7M	3M	-3M	15M	-15M	13M	12M	3M	-13M	20M	34M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	-2,904.21%	160.02%	2,846.83%	1,897.89%	9,173.58%	-8,187.96%	-10,379.28%	696.55%	970.09%	5,946.35%	3,566.38%	6,937.01%	-1,107.10%	560.95%	318.28%	20,959.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-2M	-1M	-5M	-3M	2M	0M	-7M	0M	0M	0M	0M	0M	13M	-20M	-34M	0M	0M	10M	0M	0M	0M	0M	0M	0M	0M
Return on Other Working Capital	-1,659.36%	-995.62%	-2,570.93%	-1,694.44%	40,289.85%	0.00%	-4,978.09%	0.00%	0.00%	0.00%	0.00%	0.00%	1,107.10%	-560.95%	-318.28%	-20,959.08%	0.00%	292.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Cash Items	-142M	-345M	-247M	-174M	-640M	-380M	-385M	-162M	121M	-821M	-478M	-266M	-174M	-112M	-83M	-107M	-69M	-35M	-14M	-4M	-28M	3M	-36M	-49M	-21M
Return on Other Non-Cash Items	-89.89%	-90.73%	-95.01%	-114.81%	-95.37%	60.42%	-87.63%	-63.37%	-118.66%	-92.94%	-91.06%	-90.63%	-81.96%	-100.32%	-128.78%	-94.76%	-84.17%	-82.56%	-95.18%	-397.82%	-112.35%	47.08%	-92.95%	-86.62%	-75.74%
Net Cash from Operating Activities	-45M	-60M	-41M	-26M	-39M	-181M	-20M	-32M	-83M	-103M	-61M	-34M	-60M	-8M	8M	-15M	-2M	12M	0M	-1M	16M	-13M	15M	12M	-13M
Return on Net Cash from Operating Activities	-613.02%	-658.65%	-498.90%	-2,433.77%	-1,572.61%	127.13%	-1,693.14%	-319.39%	173.48%	-743.15%	-711.05%	-701.13%	-237.30%	-1,414.60%	1,343.82%	-686.50%	-3,200.97%	232.18%	-26,927.91%	-1,816.99%	196.06%	-10.46%	226.07%	369.72%	-127.00%
Capital Expenditures (PPE)	94M	257M	208M	127M	0M	560M	0M	0M	282M	846M	158M	147M	392M	106M	146M	0M	0M	-105M	-16M	-56M	0M	0M	0M	0M	0M
Return on Capital Expenditures (PPE)	-17.01%	62.99%	69.48%	37.17%	0.00%	-41.06%	0.00%	0.00%	-51.03%	90.23%	275.73%	163.83%	36.30%	106.34%	73.37%	0.00%	0.00%	-27.06%	-83.10%	-27.11%	0.00%	0.00%	0.00%	0.00%	0.00%
Acquisitions (Net)	741M	445M	268M	191M	0M	0M	982M	809M	433M	0M	0M	0M	0M	183M	277M	0M	0M	-5M	8M	181M	0M	0M	0M	0M	0M
Return on Acquisitions (Net)	4.58%	891,057.27%	576,197.44%	383,293.34%	-304,176.61%	-543,589.61%	34.30%	12.67%	-33.23%	1,805,708.33%	2,649,564.29%	934,604.55%	295,380.49%	61.64%	38.66%	76,602.65%	-12,157.39%	-594.04%	168.69%	8.41%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	-384M	-545M	-460M	-307M	-820M	-2,164M	0M	0M	-1,153M	-920M	-652M	-572M	-401M	-303M	-429M	-173M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Purchases of Investments	4.16%	-27.45%	-33.58%	-22.39%	-74.47%	10.62%	0.00%	0.00%	12.48%	-82.96%	-66.77%	-42.21%	-35.47%	-37.18%	-25.00%	-58.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	146M	201M	146M	97M	842M	772M	0M	0M	438M	74M	494M	425M	9M	14M	5M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	-10.96%	216.96%	544.21%	362.81%	72.57%	-29.77%	0.00%	0.00%	-32.88%	1,029.55%	88.12%	56.86%	1,562.25%	786.84%	1,951.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	-692M	-616M	-342M	-233M	177M	-1,341M	-593M	-819M	-665M	-846M	-158M	-147M	123M	0M	-146M	-173M	-69M	-4M	31M	2M	-36M	-48M	-155M	-95M	-31M
Return on Other Investing Activities	-15.89%	-82.73%	-59.40%	-39.61%	344.92%	17.13%	-56.80%	-12.52%	21.64%	-90.23%	-275.73%	-163.83%	115.64%	0.00%	-73.37%	-58.82%	-83.54%	-730.89%	44.43%	855.62%	-85.75%	-2.89%	-21.60%	-45.12%	-51.96%
Net Cash from Investing Activities	-95M	-258M	-174M	-121M	198M	-1,341M	389M	-9M	-665M	-846M	-158M	-147M	123M	-106M	-146M	-173M	-70M	-114M	22M	126M	-36M	-48M	-155M	-95M	-31M
Return on Net Cash from Investing Activities	-324.12%	-267.67%	-162.50%	-116.38%	307.82%	17.13%	86.61%	-1,080.61%	21.64%	-90.23%	-275.73%	-163.83%	115.64%	-106.34%	-73.37%	-58.73%	-82.97%	-25.00%	60.96%	12.03%	-85.75%	-2.89%	-21.60%	-45.12%	-51.96%
Net Debt Issuance	255M	292M	229M	164M	143M	965M	70M	-440M	1,136M	696M	-2M	239M	132M	91M	272M	94M	30M	181M	-1M	-65M	29M	61M	82M	82M	8M
Return on Net Debt Issuance	147.45%	-5,066.69%	-2,485.37%	-1,703.00%	426.92%	-23.80%	478.31%	-23.28%	-12.67%	109.66%	-25,885.48%	101.20%	107.55%	123.55%	39.38%	108.13%	195.48%	15.74%	-984.61%	-23.22%	105.26%	2.26%	41.07%	52.11%	207.13%
Long-Term Debt Issuance	255M	292M	229M	164M	499M	965M	70M	-440M	1,136M	696M	-2M	239M	132M	91M	272M	94M	30M	181M	-1M	-65M	29M	61M	82M	82M	8M
Return on Long-Term Debt Issuance	147.45%	-5,066.69%	-2,485.37%	-1,703.00%	122.43%	-23.80%	478.31%	-23.28%	-12.67%	109.66%	-25,885.48%	101.20%	107.55%	123.55%	39.38%	108.13%	195.48%	15.74%	-984.61%	-23.22%	105.26%	2.26%	41.07%	52.11%	207.13%
Short-Term Debt Issuance	0M	0M	0M	0M	-356M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	0.00%	0.00%	0.00%	0.00%	-171.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	117M	209M	95M	58M	0M	0M	0M	0M	351M	346M	347M	0M	0M	-24M	-74M	0M	0M	-9M	-18M	-47M	0M	0M	0M	60M	11M
Return on Net Stock Issuance	-13.67%	61.00%	-31.83%	-49.77%	0.00%	0.00%	0.00%	0.00%	-41.02%	220.43%	125.60%	0.00%	0.00%	-478.30%	-144.99%	0.00%	0.00%	-318.97%	-76.93%	-32.38%	0.00%	0.00%	0.00%	71.04%	140.61%
Common Stock Issuance	117M	209M	111M	74M	0M	697M	0M	0M	351M	346M	347M	0M	0M	0M	0M	70M	0M	0M	0M	0M	0M	0M	0M	60M	11M
Return on Common Stock Issuance	-13.67%	61.00%	44.93%	29.95%	0.00%	-32.97%	0.00%	0.00%	-41.02%	220.43%	125.60%	0.00%	0.00%	0.00%	0.00%	144.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	71.04%	140.61%
Common Stock Repurchased	0M	0M	-10M	-11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-24M	-74M	0M	0M	-9M	-18M	-47M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	0.00%	0.00%	-62.33%	-70.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-478.30%	-144.99%	0.00%	0.00%	-318.97%	-76.93%	-32.38%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	-127M	-108M	-63M	-42M	-224M	-264M	-119M	-88M	-176M	-88M	-71M	-48M	-41M	0M	0M	0M	0M	0M	0M	0M	-6M	0M	0M	0M	0M
Return on Net Dividends Paid	-106.20%	-359.78%	-264.49%	-210.15%	-272.27%	87.13%	-284.21%	-116.31%	81.94%	-865.26%	-615.07%	-502.93%	-343.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-507.44%	0.00%	0.00%	0.00%	0.00%
Common Dividends Paid	-127M	-108M	-63M	-42M	-224M	-264M	-119M	-88M	-176M	-88M	-71M	-48M	-41M	0M	0M	0M	0M	0M	0M	0M	-6M	0M	0M	0M	0M
Return on Common Dividends Paid	-106.20%	-359.78%	-264.49%	-210.15%	-272.27%	87.13%	-284.21%	-116.31%	81.94%	-865.26%	-615.07%	-502.93%	-343.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-507.44%	0.00%	0.00%	0.00%	0.00%
Preferred Dividends Paid	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Dividends Paid	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	0M	0M	7M	5M	0M	690M	0M	0M	0M	0M	0M	0M	0M	0M	0M	70M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Financing Activities	0.00%	0.00%	14.43%	9.62%	0.00%	-33.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	144.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Financing Activities	245M	393M	267M	185M	-81M	1,392M	-48M	-528M	1,311M	954M	274M	191M	91M	68M	198M	164M	30M	172M	-19M	-112M	23M	61M	82M	142M	19M
Return on Net Cash from Financing Activities	-243.58%	-98.39%	7.39%	22.26%	-751.63%	-16.51%	-700.36%	-19.40%	-10.98%	80.00%	158.80%	126.70%	156.67%	166.59%	54.06%	61.81%	195.48%	16.56%	-71.35%	-13.52%	132.81%	2.26%	41.07%	30.06%	83.75%
Effect of FX on Cash	0M	-1M	0M	0M	26M	-1M	0M	-1M	0M	-1M	-1M	1M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	2M	0M	0M
Return on Effect of FX on Cash	-1,174,875.52%	-727,352.54%	-358,009.73%	-228,565.95%	2,357.64%	17,519.45%	-3,587,337.50%	-15,341.30%	78,052.23%	-57,425.35%	-54,710.77%	18,424.10%	-48,249.40%	22,534.04%	39,011.11%	24,945.53%	32,473.03%	27,615.91%	15,647.30%	-6,634.36%	82,506.25%	11,760.00%	1,913.19%	-3,642,900.00%	0.00%
Net Change in Cash	106M	74M	53M	38M	104M	-158M	332M	-574M	560M	0M	54M	17M	154M	-49M	73M	-40M	-42M	71M	3M	13M	1M	0M	-57M	59M	-25M
Return on Net Change in Cash	19.34%	-66,159.99%	-32,964.99%	-21,774.17%	586.00%	145.69%	101.55%	-17.84%	-25.69%	-331,660.71%	802.76%	1,398.54%	92.32%	-232.29%	147.78%	-256.33%	-138.53%	40.43%	413.98%	117.77%	2,603.75%	3,094.74%	-58.84%	72.41%	-65.88%
Cash at Beginning of Period	443M	359M	217M	154M	1,952M	2,394M	246M	821M	261M	261M	207M	190M	36M	84M	12M	51M	93M	22M	19M	6M	5M	5M	62M	3M	0M
Return on Cash at Beginning of Period	31.35%	119.39%	238.62%	233.26%	31.29%	-9.60%	136.71%	12.49%	-55.16%	292.35%	210.58%	127.36%	400.10%	134.08%	929.12%	198.56%	62.30%	127.08%	70.92%	242.22%	610.17%	27.42%	54.06%	1,441.02%	0.00%
Cash at End of Period	549M	434M	270M	192M	2,056M	2,237M	578M	246M	821M	261M	261M	207M	190M	36M	84M	12M	51M	93M	22M	19M	6M	5M	5M	62M	-25M
Return on Cash at End of Period	27.44%	108.35%	205.92%	189.15%	29.70%	-10.27%	58.27%	41.58%	-17.53%	292.61%	166.82%	116.73%	75.01%	317.14%	127.50%	881.03%	113.22%	30.67%	60.55%	79.24%	494.33%	27.18%	665.98%	68.95%	-65.88%
Operating Cash Flow	-45M	-60M	-41M	-26M	-39M	-181M	-20M	-32M	-83M	-103M	-61M	-34M	-60M	-8M	8M	-15M	-2M	12M	0M	-1M	16M	-13M	15M	12M	-13M
Return on Operating Cash Flow	-613.02%	-658.65%	-498.90%	-2,433.77%	-1,572.61%	127.13%	-1,693.14%	-319.39%	173.48%	-743.15%	-711.05%	-701.13%	-237.30%	-1,414.60%	1,343.82%	-686.50%	-3,200.97%	232.18%	-26,927.91%	-1,816.99%	196.06%	-10.46%	226.07%	369.72%	-127.00%
Capital Expenditure	94M	257M	208M	127M	0M	560M	0M	0M	282M	846M	158M	147M	392M	106M	146M	0M	0M	-105M	-16M	-56M	0M	0M	0M	0M	0M
Return on Capital Expenditure	-17.01%	62.99%	69.48%	37.17%	0.00%	-41.06%	0.00%	0.00%	-51.03%	90.23%	275.73%	163.83%	36.30%	106.34%	73.37%	0.00%	0.00%	-27.06%	-83.10%	-27.11%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow	49M	197M	167M	101M	-39M	379M	-20M	-32M	199M	743M	97M	113M	332M	98M	154M	-15M	-2M	-93M	-16M	-57M	16M	-13M	15M	12M	-13M
Return on Free Cash Flow	-694.94%	-306.35%	-177.70%	-328.14%	-1,572.61%	-60.65%	-1,693.14%	-319.39%	-72.29%	102.70%	450.38%	213.78%	42.85%	114.98%	69.57%	-686.50%	-3,200.97%	-30.63%	-82.84%	-26.71%	196.06%	-10.46%	226.07%	369.72%	-127.00%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Net Income	121M	313M	227M	163M	611M	421M	375M	132M	-144M	763M	436M	241M	142M	113M	107M	102M	58M	39M	19M	16M	40M	1M	41M	49M	21M
EBITDA	196M	112M	57M	43M	206M	222M	436M	115M	38M	-21M	-10M	5M	-13M	5M	7M	7M	23M	5M	1M	15M	30M	21M	53M	6M	23M
Return on EBITDA	-60.29%	-1,662.39%	43.09%	290.77%	296.32%	189.46%	86.13%	115.14%	-382.14%	-3,622.28%	-4,508.80%	4,424.64%	-1,098.37%	2,395.08%	1,530.62%	1,490.89%	253.34%	818.50%	2,614.85%	109.94%	133.98%	3.50%	76.72%	811.44%	90.60%
(-) Tax Adjustment	22M	12M	6M	5M	25M	-36M	44M	26M	-5M	-3M	-1M	-1M	-2M	1M	1M	1M	6M	1M	0M	2M	7M	-18M	10M	1M	6M
Return on (-) Tax Adjustment	1,358.33%	-13,338.64%	-6,660.34%	-3,018.32%	2,433.33%	-1,169.24%	845.43%	510.06%	2,719.49%	-24,305.52%	-46,462.64%	-23,468.86%	-9,413.09%	13,237.63%	7,942.91%	11,791.22%	1,025.67%	3,126.59%	15,624.03%	977.77%	574.54%	-4.05%	429.42%	6,268.33%	383.71%
(-) Change In Working Capital	-32M	-33M	-24M	-16M	-29M	-106M	-21M	-10M	-66M	-48M	-21M	-11M	-29M	-9M	-17M	-10M	9M	8M	-5M	-13M	3M	-17M	10M	12M	-13M
Return on (-) Change In Working Capital	-988.22%	-1,329.50%	-1,230.99%	-683.15%	-2,126.15%	-397.16%	-1,816.00%	-1,368.07%	219.42%	-1,603.49%	-2,079.37%	-2,214.46%	-493.18%	-1,313.56%	-629.34%	-1,011.82%	652.81%	478.63%	-410.31%	-121.12%	1,462.66%	-4.31%	413.72%	418.67%	-167.50%
(-) Capital Expenditure	94M	257M	208M	127M	0M	560M	0M	0M	282M	846M	158M	147M	392M	106M	146M	0M	0M	-105M	-16M	-56M	0M	0M	0M	0M	0M
Return on (-) Capital Expenditure	-17.01%	62.99%	69.48%	34.39%	0.00%	75.19%	0.00%	0.00%	-51.03%	90.23%	275.73%	163.83%	36.30%	106.34%	73.37%	0.00%	0.00%	-36.65%	-113.72%	-28.55%	0.00%	0.00%	0.00%	0.00%	0.00%
Unlevered Free Cash Flow	112M	-125M	-133M	-97M	210M	-196M	412M	99M	-173M	-816M	-146M	-130M	-374M	-94M	-123M	16M	8M	-110M	-11M	-30M	20M	57M	34M	-6M	30M
Return on Unlevered Free Cash Flow	102.72%	-16.84%	12.00%	50.56%	291.20%	-215.16%	91.09%	134.13%	82.94%	-93.51%	-298.86%	-185.75%	-37.99%	-120.47%	-86.86%	635.22%	694.25%	-35.13%	-165.62%	-53.49%	198.42%	1.31%	120.64%	-760.07%	69.43%
(-) Net Interest Income After Taxes	-7M	-4M	-7M	-6M	69M	-102M	8M	0M	-27M	-9M	10M	-26M	-9M	-13M	-2M	-4M	-1M	1M	3M	-2M	-12M	-23M	-10M	-4M	0M
Return on (-) Net Interest Income After Taxes	-7,797.88%	-5,582.45%	-3,815.67%	-2,621.00%	885.63%	-411.44%	4,857.22%	-28,777.58%	526.71%	-8,938.68%	4,420.10%	-936.74%	-1,503.33%	-879.42%	-4,514.01%	-2,410.95%	-4,600.00%	4,068.81%	580.92%	-883.77%	-324.27%	-3.26%	-420.47%	-1,248.21%	-4,798.03%
Net Debt Issuance	255M	292M	229M	164M	143M	965M	70M	-440M	1,136M	696M	-2M	239M	132M	91M	272M	94M	30M	181M	-1M	-65M	29M	61M	82M	82M	8M
Return on Net Debt Issuance	163.28%	-5,057.20%	-2,480.62%	-1,721.60%	426.92%	43.59%	532.57%	-30.06%	-12.67%	109.66%	-25,885.48%	101.20%	107.55%	123.55%	39.38%	108.13%	195.48%	21.32%	-1,347.45%	-24.45%	137.27%	1.21%	50.00%	59.86%	271.15%
Levered Free Cash Flow	374M	171M	103M	73M	284M	872M	475M	-341M	990M	-112M	-157M	134M	-233M	10M	151M	114M	39M	70M	-16M	-94M	62M	140M	125M	80M	39M
Return on Levered Free Cash Flow	8.57%	-187.00%	41.87%	36.77%	215.18%	48.25%	79.05%	-38.80%	-14.54%	-683.79%	-276.93%	179.69%	-61.12%	1,075.26%	70.90%	88.99%	147.64%	54.99%	-117.63%	-17.11%	64.90%	0.53%	32.61%	61.76%	54.65%