Reliance Steel & Aluminum Co. (RS)

Category: Company Returns Sector: Basic Materials Industry: Steel Live Price: $324.03

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y 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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,350M	1,167M	840M	669M	582M	479M	405M	728M	1,043M	875M	1,336M	1,840M	1,413M	369M	702M	634M	613M	304M	312M	372M	322M	404M	344M	194M	148M	483M	408M	355M	205M	170M	34M	30M	36M	62M	58M	48M	34M	30M	23M
Revenue	15,222M	13,714M	11,876M	10,755M	9,588M	8,069M	6,892M	13,922M	14,046M	13,835M	14,806M	17,025M	14,093M	8,812M	10,974M	11,535M	9,721M	8,613M	9,351M	10,452M	9,224M	8,442M	8,135M	6,313M	5,318M	8,719M	7,266M	5,748M	3,371M	2,947M	1,883M	1,748M	1,657M	1,727M	1,511M	1,353M	962M	654M	561M
Return on Revenue	8.72%	8.07%	6.54%	5.64%	5.54%	5.03%	4.84%	5.23%	7.42%	6.33%	9.02%	10.81%	10.03%	4.19%	6.39%	5.49%	6.31%	3.53%	3.33%	3.55%	3.49%	4.78%	4.23%	3.08%	2.79%	5.54%	5.61%	6.17%	6.09%	5.76%	1.81%	1.73%	2.19%	3.61%	3.81%	3.53%	3.56%	4.56%	4.04%
Cost of Revenue	10,838M	9,715M	8,531M	7,859M	7,043M	5,925M	5,063M	10,092M	10,065M	9,997M	10,504M	12,014M	9,833M	6,226M	7,864M	8,468M	7,152M	6,232M	7,022M	8,044M	7,019M	6,384M	6,282M	4,848M	4,037M	6,655M	5,498M	4,294M	2,496M	2,155M	1,372M	1,268M	1,195M	1,257M	1,097M	1,024M	738M	492M	432M
Return on Cost of Revenue	12.26%	11.42%	9.14%	7.76%	7.56%	6.88%	6.59%	7.22%	10.36%	8.75%	12.72%	15.32%	14.37%	5.93%	8.92%	7.48%	8.58%	4.88%	4.44%	4.62%	4.58%	6.32%	5.47%	4.01%	3.67%	7.25%	7.42%	8.26%	8.23%	7.87%	2.48%	2.38%	3.04%	4.96%	5.25%	4.66%	4.64%	6.05%	5.25%
Gross Profit	4,384M	3,999M	3,345M	2,896M	2,543M	2,143M	1,828M	3,830M	3,981M	3,838M	4,302M	5,011M	4,260M	2,586M	3,110M	3,066M	2,569M	2,381M	2,328M	2,407M	2,205M	2,058M	1,853M	1,464M	1,281M	2,064M	1,758M	1,449M	871M	788M	511M	480M	462M	470M	414M	329M	224M	162M	129M
Return on Gross Profit	30.19%	27.60%	23.13%	20.85%	20.95%	18.98%	18.48%	19.01%	26.19%	22.80%	31.05%	36.72%	33.17%	14.27%	22.56%	20.67%	23.88%	12.78%	13.38%	15.43%	14.58%	19.61%	18.55%	13.27%	11.57%	23.39%	23.21%	24.47%	23.57%	21.55%	6.66%	6.28%	7.86%	13.27%	13.92%	14.52%	15.27%	18.42%	17.57%
R&D Expenses	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	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on R&D Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	2,576M	2,379M	2,154M	1,915M	1,666M	1,410M	1,203M	2,761M	2,633M	2,662M	2,562M	2,503M	2,306M	1,862M	2,096M	2,108M	1,903M	1,804M	1,737M	1,767M	1,627M	1,396M	1,280M	1,104M	1,030M	1,211M	1,034M	821M	508M	484M	396M	379M	347M	319M	279M	220M	151M	110M	89M
Return on SG&A Expenses	52.84%	47.92%	37.02%	32.29%	33.08%	29.73%	28.69%	26.38%	39.60%	32.88%	52.13%	73.52%	61.26%	19.82%	33.46%	30.06%	32.24%	16.87%	17.93%	21.03%	19.77%	28.90%	26.85%	17.61%	14.38%	39.86%	39.45%	43.16%	40.45%	35.08%	8.59%	7.95%	10.46%	19.56%	20.67%	21.66%	22.59%	27.19%	25.39%
Operating Expenses	2,576M	2,379M	2,154M	1,915M	1,666M	1,415M	1,210M	2,831M	2,633M	2,662M	2,562M	2,503M	2,306M	1,862M	2,096M	2,108M	1,903M	1,804M	1,737M	1,767M	1,627M	1,396M	1,280M	1,104M	1,030M	1,211M	1,034M	821M	508M	484M	433M	408M	380M	347M	304M	240M	165M	118M	95M
Return on Operating Expenses	52.84%	47.92%	37.02%	32.29%	33.08%	29.58%	28.28%	25.72%	39.60%	32.88%	52.13%	73.52%	61.26%	19.82%	33.46%	30.06%	32.24%	16.87%	17.93%	21.03%	19.77%	28.90%	26.85%	17.61%	14.38%	39.86%	39.45%	43.16%	40.45%	35.08%	7.86%	7.40%	9.57%	17.97%	18.93%	19.91%	20.78%	25.23%	24.00%
Operating Income (EBIT)	1,808M	1,620M	1,191M	981M	877M	728M	618M	999M	1,348M	1,176M	1,740M	2,508M	1,954M	724M	1,014M	958M	667M	577M	591M	641M	578M	662M	573M	361M	250M	853M	724M	627M	364M	304M	78M	72M	83M	123M	110M	89M	59M	44M	35M
Return on Operating Income (EBIT)	74.86%	69.59%	68.07%	64.61%	62.72%	59.61%	59.60%	72.90%	77.32%	74.43%	76.80%	73.36%	72.32%	51.01%	69.20%	66.16%	92.03%	52.72%	52.68%	57.99%	55.62%	60.98%	60.04%	53.88%	59.17%	56.60%	56.39%	56.51%	56.51%	55.89%	43.70%	41.79%	43.88%	50.69%	52.60%	53.60%	57.58%	68.19%	65.61%
Interest Income	22M	13M	7M	9M	11M	8M	7M	0M	0M	21M	35M	9M	0M	0M	0M	0M	0M	1M	1M	1M	1M	1M	40M	29M	41M	31M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Income	9,269.74%	5,561.84%	8,938.92%	11,896.13%	9,018.42%	7,214.73%	6,012.28%	0.00%	0.00%	4,228.02%	3,795.17%	19,786.02%	0.00%	0.00%	0.00%	0.00%	0.00%	30,430.00%	31,150.00%	26,535.71%	32,160.00%	28,821.43%	855.22%	680.41%	358.88%	1,567.51%	0.00%	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	48M	87M	118M	116M	106M	86M	71M	50M	40M	40M	40M	62M	148M	142M	159M	156M	140M	147M	142M	134M	125M	103M	100M	94M	99M	117M	79M	62M	25M	29M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Expense	2,818.92%	1,933.91%	1,138.06%	857.17%	766.41%	636.79%	530.66%	1,450.60%	2,600.00%	2,171.71%	3,331.42%	2,953.61%	953.44%	259.38%	441.47%	405.44%	436.89%	207.43%	219.83%	276.41%	256.66%	393.27%	342.77%	207.84%	149.34%	413.73%	518.30%	574.64%	814.52%	591.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	-26M	-74M	-111M	-106M	-95M	-77M	-64M	-50M	-40M	-20M	-5M	-53M	-148M	-142M	-159M	-156M	-140M	-146M	-141M	-133M	-124M	-101M	-60M	-65M	-58M	-86M	-79M	-62M	-25M	-29M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Interest Income	-11,733.49%	-7,282.66%	-3,812.73%	-2,662.36%	-2,133.04%	-1,730.09%	-1,441.74%	-1,450.60%	-2,600.00%	-4,465.31%	-27,263.27%	-3,471.89%	-953.44%	-259.38%	-441.47%	-405.44%	-436.89%	-208.85%	-221.39%	-279.32%	-258.73%	-398.72%	-572.05%	-299.24%	-255.78%	-562.08%	-518.30%	-574.64%	-814.52%	-591.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	63M	159M	209M	197M	178M	148M	124M	101M	49M	56M	4M	131M	219M	388M	243M	264M	223M	294M	273M	227M	224M	154M	121M	129M	113M	173M	148M	118M	56M	62M	23M	22M	23M	20M	13M	9M	1M	-6M	-4M
Return on Unusual Items	13,029.36%	7,965.81%	4,085.02%	2,790.28%	2,160.55%	1,769.28%	1,553.01%	719.57%	2,136.48%	1,576.94%	36,105.41%	1,405.73%	645.80%	95.20%	288.21%	240.40%	274.94%	103.61%	113.98%	163.44%	143.44%	262.87%	283.90%	150.38%	131.32%	278.80%	275.98%	300.63%	369.99%	272.03%	148.06%	134.28%	160.38%	306.22%	439.69%	548.28%	2,442.86%	-505.08%	-567.50%
EBT Excluding Unusual Items	1,707M	1,375M	883M	694M	616M	509M	434M	847M	1,291M	1,084M	1,737M	2,300M	1,664M	91M	686M	587M	361M	136M	185M	319M	254M	456M	391M	167M	83M	593M	507M	453M	278M	208M	32M	27M	38M	82M	83M	72M	57M	56M	43M
Return on EBT Excluding Unusual Items	79.21%	146.08%	150.33%	135.94%	126.63%	120.17%	110.25%	86.00%	80.77%	80.71%	76.91%	80.02%	84.90%	407.85%	102.27%	107.96%	170.06%	224.58%	168.02%	116.46%	126.56%	88.51%	88.04%	116.25%	179.22%	81.48%	80.53%	78.22%	73.98%	81.77%	106.66%	110.69%	96.89%	75.78%	69.15%	66.62%	60.42%	53.69%	53.29%
Pre-Tax Income	1,770M	1,534M	1,092M	891M	794M	657M	558M	948M	1,340M	1,140M	1,741M	2,430M	1,883M	478M	929M	851M	584M	429M	459M	546M	478M	609M	512M	296M	195M	766M	654M	571M	333M	270M	55M	50M	60M	103M	96M	80M	58M	50M	39M
Return on Pre-Tax Income	76.41%	76.29%	77.53%	73.97%	71.72%	69.65%	67.94%	76.82%	77.82%	76.78%	76.74%	75.71%	75.04%	77.19%	75.49%	74.50%	105.07%	70.90%	67.91%	68.00%	67.24%	66.21%	67.20%	65.56%	75.79%	63.05%	62.34%	62.07%	61.65%	62.87%	62.00%	60.67%	60.40%	60.75%	59.75%	59.40%	58.97%	60.08%	58.81%
Income Tax Expense	416M	364M	248M	218M	209M	176M	151M	217M	294M	262M	401M	586M	466M	106M	223M	209M	-37M	120M	143M	170M	154M	201M	162M	99M	46M	283M	246M	217M	128M	100M	21M	20M	24M	40M	39M	33M	24M	20M	16M
Return on Income Tax Expense	327.18%	326.77%	107.47%	140.80%	154.63%	155.46%	153.94%	335.27%	354.26%	334.17%	333.47%	313.90%	303.41%	348.87%	314.29%	303.50%	-1,648.92%	253.37%	218.60%	218.53%	209.38%	200.65%	211.70%	197.15%	319.88%	170.64%	165.54%	163.65%	160.78%	169.32%	163.15%	154.28%	152.52%	154.76%	148.45%	146.32%	143.70%	150.51%	142.77%
Depreciation and Amortization	251M	242M	231M	208M	176M	148M	125M	280M	261M	269M	245M	240M	230M	227M	219M	215M	218M	222M	219M	214M	192M	149M	133M	121M	119M	98M	80M	62M	47M	45M	37M	29M	32M	28M	26M	19M	13M	9M	5M
Return on Depreciation and Amortization	545.39%	482.47%	358.72%	307.89%	337.74%	306.69%	306.14%	260.54%	399.46%	325.72%	544.38%	766.07%	613.81%	162.38%	319.88%	294.47%	280.86%	137.07%	142.56%	173.76%	167.15%	270.81%	258.30%	161.15%	124.62%	493.01%	510.75%	567.45%	440.56%	380.33%	92.24%	105.68%	112.37%	221.84%	225.00%	245.88%	259.09%	350.59%	436.54%
EBITDA	2,069M	1,863M	1,441M	1,214M	1,077M	895M	759M	1,278M	1,641M	1,449M	2,026M	2,733M	2,262M	848M	1,308M	1,222M	943M	798M	819M	895M	796M	861M	745M	511M	414M	981M	813M	696M	414M	352M	118M	100M	115M	151M	135M	108M	73M	52M	40M
Return on EBITDA	64.56%	59.94%	54.64%	50.63%	49.76%	47.01%	47.44%	57.00%	63.54%	60.40%	65.93%	67.33%	62.48%	43.54%	53.65%	51.85%	65.08%	38.14%	38.04%	41.53%	40.40%	46.86%	46.15%	38.07%	35.82%	49.20%	50.16%	50.96%	49.64%	48.15%	28.94%	30.03%	31.55%	41.26%	42.64%	44.00%	47.11%	57.09%	57.04%
NOPAT	1,383M	1,236M	921M	741M	645M	533M	451M	770M	1,052M	906M	1,339M	1,903M	1,471M	564M	770M	723M	709M	416M	408M	441M	393M	443M	391M	241M	191M	538M	451M	389M	224M	191M	48M	44M	50M	75M	65M	53M	35M	26M	20M
Return on NOPAT	97.69%	90.93%	86.96%	86.36%	86.79%	84.81%	87.37%	94.57%	99.09%	96.64%	99.76%	96.68%	96.09%	65.50%	91.07%	87.68%	86.52%	73.20%	76.42%	84.19%	81.93%	91.01%	87.97%	80.72%	77.54%	89.77%	90.45%	91.04%	91.66%	88.90%	70.49%	68.88%	72.64%	83.45%	88.04%	90.22%	97.64%	113.50%	111.56%
Owner's Earnings	1,188M	1,079M	808M	646M	559M	462M	380M	641M	874M	713M	1,113M	1,739M	1,407M	424M	679M	609M	670M	371M	358M	395M	346M	341M	321M	204M	197M	429M	364M	306M	198M	178M	50M	40M	44M	60M	-29M	-109M	-60M	17M	20M
Return on Owner's Earnings	116.21%	107.21%	100.40%	100.80%	101.57%	98.24%	81.61%	113.59%	119.33%	122.70%	120.08%	105.84%	100.45%	86.97%	103.37%	104.06%	91.52%	81.93%	87.06%	94.07%	92.95%	118.33%	107.27%	95.46%	75.15%	112.59%	112.17%	115.82%	103.58%	95.15%	68.06%	75.31%	82.33%	103.81%	-196.59%	-43.76%	-57.29%	176.33%	113.50%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y 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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,350M	1,167M	840M	669M	582M	479M	405M	875M	1,336M	1,840M	1,413M	369M	702M	634M	613M	304M	312M	372M	322M	404M	344M	194M	148M	483M	408M	355M	205M	170M	34M	30M	36M	62M	58M	48M	34M	30M	23M
Cash & Cash Equivalents	857M	711M	424M	312M	247M	199M	168M	318M	1,080M	1,173M	301M	684M	174M	128M	154M	123M	104M	106M	84M	98M	85M	73M	43M	52M	77M	57M	35M	12M	2M	9M	10M	3M	10M	7M	34M	1M	18M
Return on Cash & Cash Equivalents	185.21%	215.97%	292.04%	316.08%	387.36%	538.76%	624.55%	275.13%	123.67%	156.82%	470.22%	54.00%	402.47%	494.31%	397.28%	247.80%	298.66%	349.81%	384.69%	413.42%	406.38%	266.55%	344.54%	928.51%	529.65%	616.80%	586.59%	1,455.77%	1,570.18%	324.20%	365.88%	2,005.76%	581.82%	733.85%	100.59%	3,725.00%	126.11%
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	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%	0.00%	0.00%	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	857M	711M	424M	312M	247M	199M	168M	318M	1,080M	1,173M	301M	684M	174M	128M	154M	123M	104M	106M	84M	98M	85M	73M	43M	52M	77M	57M	35M	12M	2M	9M	10M	3M	10M	7M	34M	1M	18M
Return on Cash & Short-Term Investments	185.21%	215.97%	292.04%	316.08%	387.36%	538.76%	624.55%	275.13%	123.67%	156.82%	470.22%	54.00%	402.47%	494.31%	397.28%	247.80%	298.66%	349.81%	384.69%	413.42%	406.38%	266.55%	344.54%	928.51%	529.65%	616.80%	586.59%	1,455.77%	1,570.18%	324.20%	365.88%	2,005.76%	581.82%	733.85%	100.59%	3,725.00%	126.11%
Net Receivables	1,504M	1,425M	1,249M	1,141M	1,016M	858M	734M	1,402M	1,508M	1,602M	1,683M	928M	1,105M	1,258M	1,090M	960M	953M	1,145M	1,017M	836M	896M	725M	588M	861M	709M	691M	370M	330M	222M	190M	173M	193M	168M	156M	118M	73M	69M
Return on Net Receivables	88.61%	77.91%	62.40%	53.43%	52.36%	47.32%	45.02%	62.41%	88.59%	114.84%	83.96%	39.76%	63.48%	50.37%	56.26%	31.69%	32.68%	32.46%	31.61%	48.26%	38.36%	26.80%	25.20%	56.06%	57.54%	51.27%	55.53%	51.43%	15.33%	15.86%	21.05%	32.27%	34.35%	30.54%	29.06%	40.77%	32.95%
Inventory	2,022M	1,910M	1,771M	1,623M	1,428M	1,203M	1,030M	2,027M	2,043M	1,995M	2,065M	1,420M	1,646M	1,817M	1,726M	1,533M	1,436M	1,752M	1,540M	1,272M	1,213M	860M	720M	1,284M	911M	904M	387M	350M	288M	307M	308M	272M	233M	241M	159M	123M	72M
Return on Inventory	66.93%	59.04%	44.98%	38.30%	38.48%	34.98%	33.22%	43.18%	65.38%	92.22%	68.43%	25.99%	42.63%	34.87%	35.54%	19.86%	21.69%	21.20%	20.88%	31.71%	28.35%	22.59%	20.58%	37.59%	44.77%	39.20%	53.03%	48.52%	11.81%	9.81%	11.79%	22.95%	24.73%	19.82%	21.55%	24.27%	31.53%
Other Current Assets	135M	81M	40M	37M	33M	30M	28M	148M	140M	116M	0M	0M	0M	0M	0M	0M	0M	46M	39M	31M	33M	0M	2M	71M	0M	0M	36M	25M	18M	15M	18M	24M	18M	17M	12M	14M	8M
Return on Other Current Assets	1,044.61%	626.77%	313.38%	474.44%	748.95%	660.66%	596.59%	590.55%	951.50%	1,591.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	800.65%	826.74%	1,322.95%	1,032.43%	0.00%	6,611.24%	680.61%	0.00%	0.00%	570.64%	690.40%	189.43%	197.17%	196.80%	263.68%	313.04%	282.25%	292.31%	209.86%	283.75%
Total Current Assets	4,518M	4,165M	3,542M	3,169M	2,773M	2,331M	1,995M	3,896M	4,772M	4,887M	4,160M	3,113M	3,010M	3,285M	3,051M	2,689M	2,554M	3,121M	2,739M	2,277M	2,275M	1,701M	1,391M	2,302M	1,721M	1,675M	847M	733M	545M	533M	518M	491M	429M	420M	322M	211M	167M
Return on Total Current Assets	29.37%	26.79%	22.02%	19.20%	19.44%	17.74%	16.89%	22.47%	28.00%	37.66%	33.97%	11.86%	23.30%	19.29%	20.10%	11.32%	12.20%	11.90%	11.74%	17.72%	15.11%	11.43%	10.65%	20.97%	23.70%	21.16%	24.24%	23.15%	6.25%	5.66%	7.01%	12.68%	13.43%	11.35%	10.62%	14.13%	13.60%
Property, Plant & Equipment	2,497M	2,310M	2,023M	1,791M	1,544M	1,306M	1,115M	2,820M	2,480M	2,191M	2,061M	1,996M	1,997M	1,730M	1,656M	1,662M	1,636M	1,656M	1,604M	1,241M	1,106M	1,025M	981M	999M	825M	743M	480M	459M	467M	306M	290M	245M	227M	213M	161M	134M	66M
Return on Property, Plant & Equipment	56.30%	51.18%	40.21%	35.14%	36.53%	32.91%	31.60%	31.03%	53.87%	83.98%	68.55%	18.49%	35.13%	36.63%	37.03%	18.31%	19.05%	22.43%	20.05%	32.52%	31.10%	18.96%	15.10%	48.34%	49.47%	47.73%	42.82%	36.99%	7.28%	9.85%	12.51%	25.40%	25.33%	22.38%	21.24%	22.31%	34.24%
Goodwill	2,126M	2,084M	1,969M	1,786M	1,530M	1,224M	1,020M	2,162M	2,111M	2,106M	2,108M	1,935M	2,004M	1,871M	1,843M	1,827M	1,725M	1,736M	1,692M	1,315M	1,244M	1,110M	1,081M	1,066M	886M	785M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	63.71%	55.45%	41.41%	35.36%	34.03%	27.22%	22.69%	40.48%	63.28%	87.38%	67.04%	19.07%	35.01%	33.87%	33.29%	16.65%	18.06%	21.39%	19.01%	30.69%	27.63%	17.52%	13.70%	45.31%	46.04%	45.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	1,003M	1,007M	1,052M	1,038M	912M	787M	671M	1,007M	981M	1,020M	1,078M	947M	1,031M	1,072M	1,112M	1,151M	1,125M	1,242M	1,214M	937M	896M	756M	726M	742M	464M	354M	385M	342M	325M	284M	250M	232M	215M	177M	67M	0M	0M
Return on Intangible Assets	134.51%	114.72%	81.00%	64.91%	65.02%	56.50%	50.57%	86.89%	136.16%	180.47%	131.11%	38.97%	68.03%	59.11%	55.16%	26.43%	27.68%	29.92%	26.50%	43.09%	38.37%	25.72%	20.40%	65.09%	87.87%	100.09%	53.40%	49.66%	10.45%	10.61%	14.53%	26.86%	26.77%	26.96%	50.82%	0.00%	0.00%
Long-Term Investments	0M	0M	0M	5M	6M	4M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	5M	14M	16M	16M	18M	21M	21M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Investments	0.00%	0.00%	0.00%	996.63%	900.10%	720.08%	600.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6,879.63%	2,280.85%	2,603.23%	2,122.22%	1,063.55%	709.57%	2,343.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	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	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	133M	129M	107M	85M	83M	72M	65M	137M	136M	127M	129M	116M	89M	87M	89M	82M	82M	29M	40M	43M	36M	49M	104M	87M	87M	57M	57M	30M	33M	16M	24M	28M	29M	31M	34M	47M	27M
Return on Other Non-Current Assets	1,023.07%	896.48%	743.91%	787.48%	697.87%	607.76%	526.62%	637.90%	980.12%	1,451.18%	1,093.65%	319.57%	785.55%	726.72%	691.54%	371.55%	381.27%	1,267.92%	808.04%	949.41%	955.00%	392.75%	142.58%	553.65%	468.94%	621.44%	358.70%	575.17%	104.13%	185.78%	152.39%	219.06%	202.11%	153.38%	102.09%	63.81%	83.15%
Other Assets	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	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	5,759M	5,530M	5,152M	4,714M	4,082M	3,399M	2,880M	6,126M	5,709M	5,443M	5,376M	4,994M	5,121M	4,760M	4,700M	4,723M	4,567M	4,716M	4,602M	3,580M	3,331M	2,968M	2,916M	2,893M	2,262M	1,939M	922M	830M	825M	607M	564M	506M	471M	421M	262M	180M	94M
Return on Total Non-Current Assets	23.83%	21.03%	15.85%	13.43%	14.09%	13.21%	13.59%	14.29%	23.40%	33.80%	26.28%	7.39%	13.70%	13.31%	13.05%	6.44%	6.82%	7.88%	6.99%	11.27%	10.32%	6.55%	5.08%	16.69%	18.03%	18.29%	22.29%	20.45%	4.12%	4.97%	6.44%	12.32%	12.23%	11.33%	13.06%	16.53%	24.25%
Total Assets	10,277M	9,695M	8,693M	7,883M	6,856M	5,731M	4,875M	10,022M	10,480M	10,330M	9,536M	8,107M	8,131M	8,045M	7,751M	7,411M	7,122M	7,837M	7,341M	5,858M	5,606M	4,669M	4,307M	5,195M	3,983M	3,614M	1,769M	1,563M	1,369M	1,139M	1,082M	997M	900M	841M	584M	391M	261M
Return on Total Assets	13.10%	11.73%	9.16%	7.86%	8.11%	7.51%	7.40%	8.73%	12.75%	17.81%	14.82%	4.55%	8.63%	7.88%	7.91%	4.11%	4.37%	4.74%	4.38%	6.89%	6.13%	4.16%	3.44%	9.29%	10.24%	9.81%	11.61%	10.86%	2.48%	2.65%	3.36%	6.25%	6.40%	5.67%	5.86%	7.62%	8.71%
Accounts Payable	395M	380M	341M	321M	305M	262M	231M	362M	410M	412M	454M	259M	275M	339M	347M	302M	247M	287M	280M	256M	335M	245M	169M	248M	334M	340M	189M	140M	98M	77M	70M	83M	104M	92M	83M	50M	47M
Return on Accounts Payable	337.87%	293.45%	231.31%	193.15%	175.73%	153.46%	136.43%	241.83%	325.59%	446.19%	311.30%	142.34%	255.09%	187.04%	176.93%	100.69%	126.11%	129.67%	114.73%	157.86%	102.57%	79.33%	87.61%	194.42%	122.15%	104.16%	108.94%	120.96%	34.55%	38.95%	52.01%	75.43%	55.38%	52.07%	41.25%	59.24%	48.50%
Short-Term Debt	303M	184M	172M	136M	118M	98M	82M	400M	0M	508M	5M	6M	65M	65M	92M	83M	501M	94M	37M	84M	12M	86M	86M	94M	72M	23M	50M	46M	22M	20M	10M	0M	0M	0M	0M	3M	3M
Return on Short-Term Debt	148,627.02%	96,058.54%	48,344.33%	32,549.74%	24,573.21%	21,361.17%	21,556.80%	218.96%	445,300.00%	362.08%	28,260.00%	6,151.67%	1,080.89%	971.93%	666.74%	368.85%	62.20%	395.63%	881.10%	482.66%	2,818.03%	225.38%	171.51%	514.27%	568.06%	1,553.76%	410.37%	365.79%	151.83%	149.64%	351.92%	41,546.00%	28,800.00%	47,700.00%	34,200.00%	1,192.00%	782.76%
Tax Payables	0M	13M	7M	7M	5M	4M	3M	0M	0M	0M	64M	0M	0M	0M	0M	6M	0M	9M	0M	0M	22M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	0.00%	439.50%	710.56%	847.57%	635.67%	508.54%	423.78%	0.00%	0.00%	0.00%	2,197.51%	0.00%	0.00%	0.00%	0.00%	4,908.06%	0.00%	4,038.04%	0.00%	0.00%	1,569.86%	0.00%	0.00%	0.00%	0.00%	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	0M	0M	0M	0M	4M	4M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	4M	83M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	0.00%	0.00%	0.00%	0.00%	1,186.57%	949.26%	791.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4,192.36%	582.02%	18,957.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	216M	222M	185M	156M	119M	100M	88M	195M	214M	240M	294M	166M	172M	175M	139M	141M	119M	128M	120M	113M	111M	10M	-4M	0M	23M	24M	0M	0M	29M	4M	25M	61M	52M	37M	26M	21M	17M
Return on Other Current Liabilities	613.20%	508.57%	423.19%	499.33%	5,160.86%	9,090.66%	7,597.18%	448.36%	624.54%	766.71%	480.61%	222.62%	407.61%	362.53%	440.34%	216.12%	262.43%	289.33%	269.12%	357.71%	309.73%	2,032.13%	-3,530.09%	0.00%	1,763.29%	1,495.43%	95,998.60%	122,991.30%	118.42%	692.06%	145.43%	102.21%	111.41%	127.54%	132.56%	139.91%	137.58%
Total Current Liabilities	1,144M	1,022M	883M	782M	714M	608M	525M	1,213M	844M	1,375M	1,065M	613M	675M	699M	704M	656M	990M	663M	573M	578M	576M	509M	418M	650M	600M	551M	334M	289M	203M	143M	138M	144M	156M	129M	109M	74M	66M
Return on Total Current Liabilities	121.43%	111.44%	91.67%	79.77%	75.01%	66.66%	61.55%	72.15%	158.36%	133.80%	132.68%	60.21%	103.88%	90.65%	87.17%	46.39%	31.47%	56.05%	56.09%	69.79%	59.65%	38.21%	35.48%	74.25%	68.01%	64.37%	61.54%	58.77%	16.77%	21.11%	26.33%	43.36%	36.95%	36.95%	31.43%	40.22%	34.29%
Long-Term Debt	1,008M	1,261M	1,505M	1,509M	1,377M	1,180M	1,014M	743M	1,142M	1,139M	1,642M	1,639M	1,524M	2,139M	1,809M	1,847M	1,428M	2,208M	2,073M	1,124M	1,319M	855M	849M	1,672M	1,009M	1,083M	301M	381M	469M	344M	332M	422M	318M	343M	143M	108M	30M
Return on Long-Term Debt	132.10%	100.98%	65.28%	51.32%	47.87%	41.75%	40.07%	117.82%	116.99%	161.50%	86.05%	22.52%	46.04%	29.63%	33.90%	16.48%	21.82%	16.82%	15.52%	35.90%	26.07%	22.73%	17.44%	28.88%	40.44%	32.73%	68.19%	44.57%	7.25%	8.77%	10.95%	14.77%	18.11%	13.89%	23.85%	27.72%	74.67%
Capital Lease Obligations	243M	231M	136M	90M	69M	55M	46M	276M	235M	218M	221M	205M	202M	0M	0M	0M	0M	0M	0M	0M	0M	0M	4M	4M	4M	5M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	577.01%	510.01%	289.73%	193.16%	1,875.12%	1,500.10%	1,250.08%	317.56%	568.23%	845.25%	639.08%	179.96%	347.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3,853.26%	10,797.96%	9,075.75%	7,153.09%	3,725.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	503M	490M	505M	514M	442M	361M	304M	538M	494M	477M	485M	456M	469M	440M	441M	627M	627M	693M	691M	466M	440M	373M	336M	340M	200M	182M	66M	56M	40M	32M	28M	29M	26M	23M	19M	17M	0M
Return on Deferred Tax Liabilities	273.11%	238.36%	172.27%	135.98%	146.84%	150.68%	151.93%	162.83%	270.43%	386.09%	291.46%	81.01%	149.48%	143.99%	139.16%	48.54%	49.67%	53.62%	46.55%	86.53%	78.17%	52.17%	44.11%	141.86%	203.79%	195.18%	312.18%	305.19%	84.29%	95.25%	127.80%	217.58%	224.12%	205.60%	184.86%	176.33%	0.00%
Other Non-Current Liabilities	83M	92M	98M	105M	94M	75M	63M	84M	89M	78M	88M	123M	99M	88M	97M	103M	134M	131M	120M	122M	119M	103M	93M	94M	62M	46M	16M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Non-Current Liabilities	1,639.76%	1,365.26%	941.51%	718.50%	709.27%	567.41%	1,466.18%	1,045.64%	1,499.33%	2,374.32%	1,605.68%	301.31%	706.45%	722.58%	631.07%	296.59%	232.12%	284.24%	268.22%	330.74%	289.64%	189.55%	159.94%	511.63%	655.62%	768.81%	1,311.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29,800.00%	0.00%
Total Non-Current Liabilities	1,780M	2,018M	2,211M	2,197M	1,966M	1,659M	1,416M	1,578M	1,904M	1,859M	2,377M	2,371M	2,242M	2,666M	2,347M	2,576M	2,189M	3,046M	2,883M	1,712M	1,878M	1,330M	1,281M	2,110M	1,276M	1,316M	388M	436M	510M	376M	360M	450M	344M	367M	162M	125M	30M
Return on Total Non-Current Liabilities	74.87%	59.93%	40.69%	32.45%	31.65%	28.42%	28.67%	55.46%	70.17%	99.00%	59.44%	15.57%	31.29%	23.77%	26.13%	11.81%	14.23%	12.20%	11.15%	23.57%	18.31%	14.61%	11.57%	22.88%	31.98%	26.94%	52.91%	38.89%	6.67%	8.03%	10.08%	13.83%	16.75%	13.02%	21.12%	23.94%	74.67%
Total Liabilities	2,924M	3,040M	3,094M	2,979M	2,681M	2,267M	1,941M	2,791M	2,748M	3,234M	3,442M	2,984M	2,917M	3,365M	3,051M	3,232M	3,179M	3,709M	3,457M	2,290M	2,454M	1,839M	1,699M	2,760M	1,876M	1,867M	722M	725M	712M	519M	498M	594M	500M	496M	271M	199M	97M
Return on Total Liabilities	45.63%	38.06%	27.25%	22.27%	21.47%	19.25%	18.45%	31.36%	48.62%	56.90%	41.05%	12.37%	24.05%	18.83%	20.10%	9.41%	9.80%	10.02%	9.30%	17.62%	14.01%	10.57%	8.72%	17.49%	21.75%	18.99%	28.45%	23.40%	4.77%	5.82%	7.29%	10.49%	11.53%	9.62%	12.63%	15.01%	23.50%
Preferred Stock	0M	0M	10M	7M	5M	4M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	100M	0M	0M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock	0.00%	0.00%	31.24%	1,814.16%	1,360.62%	1,088.50%	907.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	312.44%	0.00%	0.00%	26,900.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	0M	0M	198M	333M	266M	266M	227M	0M	0M	0M	0M	0M	122M	136M	595M	590M	534M	819M	818M	722M	657M	0M	0M	0M	0M	0M	325M	314M	304M	295M	291M	139M	153M	0M	0M	0M	0M
Return on Common Stock	1,350,400.00%	1,166,660.00%	583,455.17%	388,982.97%	291,740.39%	233,397.62%	194,499.27%	875,200.00%	1,335,900.00%	1,840,100.00%	1,413,000.00%	369,100.00%	574.06%	464.59%	103.16%	51.55%	58.36%	45.34%	39.30%	55.87%	52.32%	0.00%	0.00%	0.00%	0.00%	0.00%	63.21%	54.06%	11.20%	10.24%	12.50%	44.76%	37.62%	0.00%	0.00%	0.00%	0.00%
Retained Earnings	7,436M	6,731M	5,477M	4,579M	3,790M	3,101M	2,612M	7,335M	7,799M	7,174M	6,155M	5,193M	5,190M	4,638M	4,144M	3,663M	3,480M	3,329M	3,063M	2,838M	2,496M	2,189M	2,020M	1,900M	1,440M	1,046M	705M	508M	345M	317M	294M	264M	247M	194M	158M	132M	104M
Return on Retained Earnings	18.24%	16.96%	14.40%	13.50%	16.33%	16.62%	17.65%	11.93%	17.13%	25.65%	22.96%	7.11%	13.52%	13.66%	14.80%	8.31%	8.95%	11.16%	10.50%	14.22%	13.78%	8.88%	7.33%	25.40%	28.34%	33.88%	29.16%	33.40%	9.86%	9.51%	12.36%	23.60%	23.30%	24.60%	21.59%	22.66%	21.91%
Accumulated OCI	-93M	-85M	-91M	-64M	-49M	-39M	-43M	-115M	-77M	-86M	-69M	-78M	-105M	-103M	-72M	-105M	-100M	-49M	-7M	-2M	-9M	10M	-2M	-32M	20M	-2M	0M	0M	-1M	-2M	-1M	0M	-96M	-81M	-65M	-57M	0M
Return on Accumulated OCI	-1,544.55%	-1,431.65%	-990.25%	-2,958.50%	-606.13%	-148.63%	-131.34%	-759.72%	-1,741.72%	-2,132.21%	-2,050.80%	-473.81%	-667.46%	-617.04%	-856.70%	-290.64%	-312.44%	-759.71%	-4,800.00%	-26,900.00%	-3,906.82%	1,891.51%	-9,728.04%	-1,507.92%	2,015.09%	-21,735.56%	63,211.38%	37,550.44%	-3,656.99%	-1,641.29%	-3,611.93%	-20,233.44%	-60.13%	-58.89%	-52.70%	-52.56%	0.00%
Minority Interest	10M	9M	15M	14M	12M	11M	9M	11M	11M	9M	7M	7M	8M	8M	33M	30M	29M	29M	10M	9M	8M	6M	2M	4M	2M	1M	17M	16M	9M	11M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	14,109.15%	13,401.72%	8,834.70%	6,979.15%	9,020.44%	7,285.81%	6,071.51%	7,956.36%	12,722.86%	21,648.24%	19,625.00%	5,056.16%	9,353.33%	8,021.52%	1,870.12%	1,004.29%	1,089.16%	1,285.47%	3,281.63%	4,483.33%	4,244.44%	3,045.33%	8,766.75%	13,292.32%	24,011.48%	28,451.61%	1,199.42%	1,092.48%	362.50%	281.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	7,343M	6,646M	5,584M	4,889M	4,163M	3,453M	2,925M	7,220M	7,722M	7,087M	6,087M	5,115M	5,207M	4,672M	4,667M	4,149M	3,914M	4,099M	3,875M	3,558M	3,144M	2,824M	2,606M	2,431M	2,106M	1,746M	1,030M	823M	648M	610M	584M	403M	400M	346M	313M	193M	164M
Return on Total Shareholders’ Equity	18.46%	17.16%	14.13%	12.52%	13.65%	13.02%	13.13%	12.12%	17.30%	25.96%	23.22%	7.22%	13.47%	13.56%	13.14%	7.33%	7.96%	9.06%	8.30%	11.34%	10.94%	6.88%	5.68%	19.86%	19.37%	20.30%	19.95%	20.63%	5.25%	4.95%	6.22%	15.46%	14.39%	13.79%	10.92%	15.47%	13.85%
Total Equity	7,353M	6,655M	5,599M	4,904M	4,175M	3,464M	2,934M	7,231M	7,733M	7,096M	6,094M	5,123M	5,214M	4,680M	4,700M	4,179M	3,943M	4,128M	3,884M	3,567M	3,152M	2,830M	2,608M	2,435M	2,108M	1,748M	1,047M	838M	657M	621M	584M	403M	400M	346M	313M	193M	164M
Return on Total Equity	18.44%	17.14%	14.09%	12.49%	13.60%	12.96%	13.08%	12.10%	17.28%	25.93%	23.19%	7.21%	13.45%	13.54%	13.05%	7.28%	7.90%	9.00%	8.28%	11.31%	10.91%	6.87%	5.68%	19.83%	19.35%	20.28%	19.62%	20.25%	5.18%	4.86%	6.22%	15.46%	14.39%	13.79%	10.92%	15.47%	13.85%
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	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%	0.00%	0.00%	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	0M	0M	0M	5M	6M	4M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	5M	14M	16M	16M	18M	21M	21M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Investments	0.00%	0.00%	0.00%	996.63%	900.10%	720.08%	600.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6,879.63%	2,280.85%	2,603.23%	2,122.22%	1,063.55%	709.57%	2,343.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	696M	965M	1,389M	1,424M	1,318M	1,134M	974M	1,100M	297M	692M	1,568M	1,167M	1,616M	2,076M	1,747M	1,806M	1,824M	2,210M	2,025M	1,110M	1,247M	868M	897M	1,718M	1,009M	1,053M	322M	416M	489M	335M	332M	419M	308M	337M	110M	109M	15M
Return on Net Debt	265.05%	183.39%	105.99%	78.59%	68.07%	57.76%	56.13%	79.56%	449.65%	265.95%	90.14%	31.64%	43.40%	30.53%	35.11%	16.85%	17.07%	16.81%	15.88%	36.36%	27.58%	22.38%	16.52%	28.10%	40.44%	33.65%	63.83%	40.84%	6.95%	9.00%	10.93%	14.88%	18.68%	14.16%	31.23%	27.29%	148.37%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y 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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,350M	1,167M	840M	669M	582M	479M	405M	875M	1,336M	1,840M	1,413M	369M	702M	634M	613M	304M	312M	372M	322M	404M	344M	194M	148M	483M	408M	355M	205M	170M	34M	30M	36M	62M	58M	48M	34M	30M	23M
Working Capital	3,374M	3,143M	2,658M	2,386M	2,059M	1,723M	1,470M	2,683M	3,928M	3,511M	3,095M	2,500M	2,335M	2,586M	2,348M	2,033M	1,565M	2,458M	2,166M	1,699M	1,698M	1,192M	973M	1,652M	1,122M	1,125M	514M	444M	342M	390M	380M	348M	273M	291M	213M	137M	101M
Return on Working Capital	39.68%	35.89%	29.50%	25.68%	26.88%	24.84%	23.96%	32.63%	34.01%	52.41%	45.65%	14.77%	30.04%	24.51%	26.13%	14.97%	19.91%	15.11%	14.85%	23.75%	20.24%	16.30%	15.22%	29.22%	36.37%	31.52%	40.00%	38.19%	9.95%	7.74%	9.56%	17.93%	21.10%	16.38%	16.03%	21.78%	22.54%
Total Capital	8,897M	8,322M	7,397M	6,625M	5,728M	4,786M	4,067M	8,638M	9,100M	8,953M	7,955M	6,965M	6,997M	6,875M	6,569M	6,078M	5,843M	6,415M	5,984M	4,766M	4,475M	3,765M	3,546M	4,202M	3,192M	2,857M	1,387M	1,250M	1,139M	954M	926M	825M	719M	689M	457M	303M	197M
Return on Total Capital	15.12%	13.69%	10.73%	9.32%	9.77%	9.07%	9.02%	10.13%	14.68%	20.55%	17.76%	5.30%	10.03%	9.22%	9.34%	5.01%	5.33%	5.79%	5.37%	8.47%	7.68%	5.16%	4.18%	11.49%	12.78%	12.41%	14.81%	13.58%	2.99%	3.16%	3.92%	7.55%	8.02%	6.92%	7.49%	9.85%	11.51%
Capital Employed	9,133M	8,673M	7,810M	7,101M	6,141M	5,123M	4,350M	8,809M	9,637M	8,955M	8,471M	7,494M	7,456M	7,346M	7,047M	6,755M	6,132M	7,174M	6,768M	5,280M	5,030M	4,160M	3,889M	4,545M	3,384M	3,063M	1,435M	1,275M	1,167M	996M	944M	854M	744M	712M	475M	317M	194M
Return on Capital Employed	14.78%	13.19%	10.23%	8.76%	9.19%	8.57%	8.56%	9.94%	13.86%	20.55%	16.68%	4.93%	9.41%	8.63%	8.70%	4.50%	5.08%	5.18%	4.75%	7.64%	6.84%	4.67%	3.81%	10.62%	12.06%	11.57%	14.31%	13.32%	2.92%	3.03%	3.85%	7.30%	7.74%	6.70%	7.20%	9.40%	11.68%
Invested Capital	8,039M	7,611M	6,973M	6,313M	5,481M	4,587M	3,899M	8,320M	8,019M	7,779M	7,654M	6,282M	6,823M	6,747M	6,414M	5,955M	5,739M	6,309M	5,900M	4,668M	4,391M	3,692M	3,503M	4,150M	3,115M	2,800M	1,352M	1,238M	1,137M	945M	916M	822M	709M	683M	423M	302M	179M
Return on Invested Capital	16.94%	15.03%	11.49%	9.87%	10.24%	9.45%	9.40%	10.52%	16.66%	23.65%	18.46%	5.88%	10.28%	9.39%	9.56%	5.11%	5.43%	5.89%	5.45%	8.64%	7.83%	5.26%	4.23%	11.63%	13.10%	12.66%	15.20%	13.71%	2.99%	3.19%	3.97%	7.58%	8.13%	6.99%	8.09%	9.87%	12.67%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y 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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,350M	1,167M	840M	669M	582M	479M	405M	728M	1,043M	875M	1,336M	1,840M	1,413M	369M	702M	634M	613M	304M	312M	372M	322M	404M	344M	194M	148M	483M	408M	355M	205M	170M	34M	30M	36M	62M	58M	48M	34M	30M	23M
Depreciation & Amortization	251M	242M	231M	208M	176M	148M	125M	280M	261M	269M	245M	240M	230M	227M	219M	215M	218M	222M	219M	214M	192M	152M	133M	121M	119M	98M	80M	60M	47M	45M	37M	29M	32M	28M	26M	19M	13M	9M	5M
Return on Depreciation & Amortization	545.39%	482.47%	358.72%	307.59%	338.53%	307.32%	306.67%	260.54%	399.46%	325.72%	544.38%	766.07%	613.81%	162.38%	319.88%	294.47%	280.86%	137.07%	142.56%	173.76%	167.15%	266.34%	258.30%	161.15%	124.62%	493.01%	510.75%	587.66%	440.56%	380.33%	92.24%	105.68%	112.37%	221.84%	225.00%	245.88%	259.09%	350.59%	436.54%
Deferred Income Tax	15M	2M	-18M	-12M	-4M	-3M	-2M	0M	16M	36M	16M	-7M	-24M	-14M	33M	-9M	-193M	-1M	-17M	-18M	3M	3M	-27M	43M	58M	23M	12M	7M	-1M	3M	8M	4M	-2M	0M	0M	0M	1M	2M	-2M
Return on Deferred Income Tax	-5,604.50%	-5,088.92%	-9,325.00%	-4,754.36%	-4,004.35%	-1,892.68%	-3,220.35%	0.00%	6,435.80%	2,404.40%	8,246.30%	-27,464.18%	-5,936.97%	-2,694.16%	2,158.46%	-6,963.74%	-318.48%	-60,860.00%	-1,821.64%	-2,041.21%	10,374.19%	14,410.71%	-1,263.97%	454.90%	255.37%	2,124.90%	3,387.77%	4,859.59%	-19,399.15%	6,226.27%	418.84%	843.36%	-1,696.36%	26,977.92%	-28,800.00%	-23,850.00%	2,630.77%	1,986.67%	-1,261.11%
Stock-Based Compensation	62M	60M	48M	39M	32M	25M	21M	57M	60M	57M	65M	65M	71M	42M	51M	46M	33M	24M	21M	23M	26M	23M	21M	17M	16M	13M	10M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	2,138.00%	1,856.88%	1,659.34%	1,596.62%	1,922.25%	1,537.80%	1,281.50%	1,277.54%	1,749.33%	1,540.85%	2,055.23%	2,817.92%	1,995.76%	874.64%	1,370.12%	1,392.75%	1,836.53%	1,247.13%	1,462.44%	1,629.39%	1,236.92%	1,754.35%	1,614.08%	1,121.22%	954.01%	3,660.45%	4,031.18%	5,849.95%	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	38M	-79M	-23M	-52M	-10M	-11M	-8M	-85M	100M	166M	2M	-55M	-910M	400M	279M	-267M	-284M	13M	425M	-221M	70M	14M	-247M	-165M	614M	50M	139M	-231M	9M	-106M	29M	29M	37M	-64M	54M	-31M	-3M	2M	7M
Return on Change in Working Capital	22,497.48%	13,485.86%	6,971.49%	4,840.59%	3,800.84%	3,043.12%	2,540.89%	-857.71%	1,045.74%	527.55%	70,310.53%	-3,345.64%	-155.33%	92.21%	251.16%	-237.61%	-216.29%	2,415.08%	73.26%	-168.18%	457.47%	2,861.70%	-139.47%	-117.54%	24.15%	957.07%	293.28%	-153.79%	2,287.21%	-160.51%	117.06%	103.82%	98.28%	-97.42%	106.08%	-155.37%	-1,368.00%	1,241.67%	324.29%
Accounts Receivable	123M	-30M	-5M	-20M	5M	1M	1M	-112M	146M	167M	96M	106M	-656M	137M	178M	-153M	-120M	-31M	223M	-97M	25M	123M	-146M	-147M	322M	166M	61M	-51M	-108M	-108M	-6M	-6M	57M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	1,220.36%	743.10%	234.83%	212.79%	165.18%	85.28%	71.07%	-651.92%	715.58%	522.82%	1,397.38%	1,740.87%	-215.36%	269.81%	393.88%	-413.37%	-512.45%	-975.32%	140.00%	-382.20%	1,266.14%	327.78%	-235.64%	-132.44%	45.99%	290.79%	665.89%	-701.08%	-189.87%	-156.87%	-571.50%	-506.92%	63.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	45M	-29M	7M	-20M	24M	19M	16M	-106M	20M	117M	-42M	59M	-506M	228M	212M	-89M	-187M	-30M	307M	-131M	112M	-1M	-231M	-122M	570M	191M	130M	-89M	-11M	-62M	20M	30M	21M	-25M	35M	-3M	1M	-7M	-12M
Return on Inventory	218.13%	107.47%	-107.33%	-2,161.08%	-1,701.53%	-1,364.56%	-972.85%	-685.04%	5,292.39%	749.32%	-3,219.04%	3,124.11%	-279.30%	162.24%	331.21%	-713.63%	-328.72%	-1,000.99%	101.53%	-283.59%	287.40%	-31,038.46%	-148.83%	-159.49%	26.00%	252.14%	314.82%	-396.48%	-1,810.82%	-275.09%	170.09%	100.06%	169.26%	-247.64%	164.57%	-1,445.45%	6,840.00%	-444.78%	-186.07%
Accounts Payable	-157M	-58M	-44M	-28M	-51M	-39M	-33M	57M	-118M	-146M	-90M	-237M	226M	-43M	-143M	-11M	34M	48M	-79M	-24M	-50M	-89M	108M	79M	-222M	-298M	-63M	-97M	68M	68M	8M	8M	-38M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	-956.85%	-619.21%	-752.73%	-639.97%	-526.97%	-382.77%	-318.97%	1,273.08%	-886.56%	-601.51%	-1,492.63%	-776.41%	624.94%	-850.46%	-492.28%	-5,978.30%	1,793.57%	640.63%	-394.80%	-1,535.12%	-647.08%	-454.39%	319.52%	244.81%	-66.70%	-162.04%	-649.27%	-365.08%	303.27%	250.55%	431.71%	382.93%	-95.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	27M	38M	20M	16M	13M	8M	8M	76M	52M	27M	37M	17M	26M	79M	32M	-14M	-12M	27M	-25M	32M	-17M	-19M	23M	24M	-56M	-9M	11M	7M	61M	-4M	7M	-3M	-3M	-39M	19M	-27M	-3M	9M	19M
Return on Other Working Capital	5,791.48%	4,646.49%	1,547.47%	998.83%	942.06%	493.17%	391.98%	959.42%	2,008.86%	3,217.65%	3,581.50%	10,575.29%	5,393.13%	464.86%	2,199.06%	-4,526.43%	-5,333.91%	1,139.70%	-1,236.11%	1,179.37%	-1,858.96%	-2,134.92%	1,507.89%	814.32%	-262.51%	-5,293.03%	3,679.58%	5,396.67%	337.98%	-4,735.71%	476.93%	-998.58%	-1,093.80%	-160.59%	298.45%	-174.09%	-1,140.00%	327.47%	118.23%
Other Non-Cash Items	21M	44M	39M	27M	19M	16M	12M	47M	1M	24M	7M	31M	15M	145M	13M	38M	2M	59M	61M	-18M	17M	2M	5M	1M	-12M	-2M	-10M	-7M	12M	10M	-2M	-1M	0M	-2M	0M	-5M	-6M	-6M	0M
Return on Other Non-Cash Items	9,673.64%	7,804.24%	7,263.47%	7,926.57%	4,483.40%	4,965.37%	6,749.53%	1,549.36%	115,844.44%	3,646.67%	19,360.87%	6,013.40%	9,744.83%	255.43%	5,354.96%	1,672.03%	25,558.33%	516.64%	511.49%	-2,087.08%	1,914.29%	18,340.91%	7,016.33%	21,079.50%	-1,219.21%	-20,378.94%	-4,028.39%	-5,284.05%	1,680.05%	1,627.77%	-2,075.05%	-5,011.13%	42,748.24%	-2,823.70%	57,600.00%	-900.00%	-534.38%	-513.79%	22,700.00%
Net Cash from Operating Activities	1,740M	1,438M	1,121M	883M	798M	656M	556M	1,029M	1,482M	1,430M	1,671M	2,119M	799M	1,173M	1,302M	665M	399M	627M	1,025M	356M	633M	602M	235M	214M	943M	665M	639M	191M	272M	122M	106M	91M	104M	24M	131M	31M	40M	36M	39M
Return on Net Cash from Operating Activities	76.00%	87.24%	81.82%	85.17%	84.54%	87.41%	86.96%	70.80%	70.35%	61.21%	79.93%	86.85%	176.76%	31.47%	53.90%	95.35%	153.73%	48.57%	30.39%	104.35%	50.78%	67.04%	146.42%	90.78%	15.71%	72.63%	63.85%	185.64%	75.47%	139.39%	31.96%	33.24%	35.08%	254.74%	43.84%	154.37%	85.93%	81.87%	57.61%
Capital Expenditures (PPE)	-414M	-330M	-262M	-231M	-198M	-164M	-151M	-367M	-430M	-431M	-469M	-342M	-237M	-172M	-242M	-240M	-162M	-155M	-172M	-190M	-168M	-214M	-156M	-111M	-70M	-152M	-124M	-109M	-54M	-36M	-21M	-19M	-25M	-30M	-113M	-176M	-107M	-21M	-8M
Return on Capital Expenditures (PPE)	-342.19%	-367.67%	-314.91%	-274.57%	-284.26%	-273.38%	-245.71%	-198.64%	-242.52%	-203.25%	-284.96%	-538.36%	-597.21%	-214.59%	-289.64%	-264.15%	-379.58%	-196.45%	-180.89%	-195.12%	-191.43%	-188.55%	-219.82%	-174.53%	-211.95%	-317.85%	-328.66%	-326.01%	-382.28%	-471.70%	-162.66%	-161.68%	-148.07%	-205.14%	-51.20%	-27.09%	-31.93%	-139.25%	-287.34%
Acquisitions (Net)	-126M	-165M	-147M	-203M	-215M	-190M	-159M	0M	-365M	-365M	-24M	11M	-439M	-7M	-178M	-78M	-38M	-349M	0M	-182M	-821M	-167M	-313M	-100M	-5M	-330M	-270M	-543M	-94M	0M	-246M	-53M	-130M	-41M	0M	0M	0M	0M	0M
Return on Acquisitions (Net)	3,691.79%	1,080.89%	-7,539.18%	-5,078.68%	-3,978.01%	-3,192.40%	-2,660.34%	364,100.00%	-285.33%	-240.04%	-5,566.25%	16,881.65%	-321.65%	-5,349.28%	-394.54%	-816.62%	-1,622.75%	-87.27%	-77,875.00%	-204.12%	-39.17%	-241.76%	-109.74%	-193.72%	-2,799.66%	-146.19%	-151.12%	-65.33%	-217.68%	0.00%	-13.83%	-56.58%	-28.02%	-151.45%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0M	0M	0M	-1M	-2M	-1M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-9M	0M	-32M	13M	0M	-3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Purchases of Investments	0.00%	0.00%	0.00%	-269.65%	-606.54%	-485.24%	-404.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4,044.71%	0.00%	-469.69%	3,834.00%	0.00%	-11,450.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	0M	0M	0M	3M	3M	3M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	4M	47M	7M	7M	0M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	0.00%	0.00%	0.00%	664.39%	1,489.27%	1,191.42%	992.85%	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%	0.00%	0.00%	9,550.00%	415.84%	2,253.01%	7,400.02%	0.00%	10,166.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	-6M	-1M	6M	4M	3M	2M	-1M	3M	6M	-9M	9M	-18M	24M	-10M	1M	37M	20M	-2M	3M	7M	10M	-1M	-9M	3M	7M	5M	-26M	1M	1M	-14M	3M	4M	9M	3M	19M	4M	9M	-93M	-14M
Return on Other Investing Activities	-1,913.82%	-727.89%	7,035.85%	2,030.39%	6,099.63%	5,000.47%	4,226.99%	21,417.65%	17,975.86%	-10,296.47%	15,010.11%	-10,455.11%	5,987.29%	-3,885.26%	77,944.44%	1,736.16%	3,067.00%	-20,286.67%	11,537.04%	5,020.27%	3,184.16%	-50,437.50%	-3,820.00%	6,150.41%	2,253.01%	8,991.94%	-1,585.89%	68,043.57%	13,834.14%	-1,241.88%	1,126.16%	806.17%	426.83%	1,901.71%	311.35%	1,289.19%	397.67%	-31.91%	-168.15%
Net Cash from Investing Activities	-545M	-495M	-403M	-426M	-408M	-350M	-309M	-363M	-790M	-804M	-484M	-349M	-652M	-188M	-419M	-281M	-179M	-505M	-170M	-365M	-979M	-382M	-475M	-162M	-94M	-458M	-420M	-650M	-147M	-50M	-264M	-68M	-146M	-68M	-94M	-172M	-99M	-115M	-21M
Return on Net Cash from Investing Activities	-304.32%	-265.10%	-230.39%	-182.45%	-164.62%	-152.30%	-135.44%	-200.61%	-132.06%	-108.90%	-276.07%	-528.01%	-216.62%	-195.91%	-167.38%	-225.52%	-341.92%	-60.25%	-183.34%	-101.78%	-32.85%	-105.71%	-72.44%	-120.13%	-158.31%	-105.49%	-97.18%	-54.50%	-140.10%	-341.86%	-12.90%	-44.21%	-24.94%	-91.31%	-61.28%	-27.67%	-34.72%	-25.96%	-106.07%
Net Debt Issuance	-170M	-91M	-121M	-39M	-63M	-48M	-34M	113M	125M	0M	-508M	-3M	-2M	59M	-618M	278M	-32M	-8M	-377M	169M	370M	-185M	284M	-18M	-831M	-114M	-120M	484M	-94M	-64M	147M	-18M	-96M	96M	-31M	129M	6M	62M	1M
Return on Net Debt Issuance	-121,866.72%	-91,834.49%	-46,496.50%	-31,053.96%	-23,336.85%	-18,684.87%	-15,402.42%	646.14%	836.76%	-291,733.33%	-262.82%	-73,604.00%	-94,200.00%	627.72%	-113.58%	227.87%	-1,922.88%	-3,901.28%	-82.71%	220.47%	86.83%	-217.87%	121.18%	-1,054.95%	-17.83%	-422.66%	-340.67%	73.30%	-219.69%	-263.55%	23.10%	-171.01%	-38.02%	64.69%	-186.41%	36.98%	610.71%	47.83%	4,540.00%
Long-Term Debt Issuance	-169M	-90M	-116M	6M	-29M	-20M	-11M	113M	125M	0M	-506M	0M	-1M	58M	-618M	327M	-40M	12M	-389M	167M	843M	-122M	388M	-22M	-831M	-111M	-120M	484M	-94M	-64M	147M	-18M	-96M	96M	-31M	129M	6M	62M	1M
Return on Long-Term Debt Issuance	-301,787.99%	-221,317.16%	-110,548.41%	-73,757.74%	-55,365.31%	-44,307.64%	-36,754.73%	646.14%	836.76%	-291,733.33%	-263.96%	-613,366.67%	-201,857.14%	635.28%	-113.58%	194.09%	-1,522.08%	2,623.28%	-80.02%	222.72%	38.13%	-330.74%	88.52%	-900.62%	-17.82%	-435.28%	-340.67%	73.30%	-219.69%	-263.55%	23.10%	-171.01%	-38.02%	64.69%	-186.41%	36.98%	610.71%	47.83%	4,540.00%
Short-Term Debt Issuance	-1M	-1M	-4M	-45M	-34M	-27M	-23M	0M	0M	0M	-2M	-2M	-1M	1M	0M	-48M	8M	-13M	13M	2M	-473M	-63M	-105M	3M	0M	-3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	-48,121.21%	-53,652.01%	-49,606.26%	-31,278.06%	-18,617.31%	-14,893.85%	-12,411.54%	0.00%	0.00%	0.00%	-60,722.73%	-83,640.91%	-176,625.00%	52,728.57%	-233,833.33%	-1,309.30%	7,302.38%	-2,415.08%	2,452.76%	21,852.94%	-67.99%	-638.45%	-328.37%	6,073.53%	111,396.99%	-14,572.20%	0.00%	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	-735M	-573M	-377M	-255M	-199M	-155M	-126M	-536M	-1,216M	-1,094M	-480M	-630M	-324M	-337M	-50M	-485M	-20M	0M	-356M	-50M	0M	0M	0M	0M	0M	-114M	-65M	7M	11M	10M	10M	4M	152M	-54M	2M	-11M	89M	1M	-7M
Return on Net Stock Issuance	-216.86%	-239.36%	-591.61%	-443.94%	2,820.54%	2,363.84%	2,170.86%	-135.76%	-85.78%	-80.02%	-278.60%	-291.94%	-436.79%	-109.43%	-1,403.00%	-130.69%	-3,097.98%	0.00%	-87.62%	-743.00%	0.00%	0.00%	0.00%	0.00%	57,425.58%	-421.68%	-623.75%	4,831.77%	1,857.98%	1,637.35%	324.21%	814.22%	23.97%	-114.70%	3,031.58%	-450.00%	38.47%	3,725.00%	-315.28%
Common Stock Issuance	0M	0M	4M	3M	3M	9M	11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	38M	0M	0M	0M	0M	0M	0M	0M	0M	0M	7M	11M	10M	10M	4M	152M	2M	2M	1M	96M	1M	0M
Return on Common Stock Issuance	0.00%	0.00%	81.15%	54.10%	19,004.92%	15,443.50%	13,512.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	811.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	57,425.58%	169,991.90%	145,179.72%	4,831.77%	1,857.98%	1,637.35%	324.21%	814.22%	23.97%	3,189.30%	3,031.58%	6,814.29%	35.51%	3,725.00%	5,675.00%
Common Stock Repurchased	-735M	-573M	-378M	-255M	-201M	-163M	-137M	-536M	-1,216M	-1,094M	-480M	-630M	-324M	-337M	-50M	-485M	-25M	0M	-356M	-50M	0M	0M	0M	0M	0M	-115M	-82M	0M	0M	0M	0M	0M	0M	-56M	0M	-11M	-7M	0M	-8M
Return on Common Stock Repurchased	-216.86%	-239.36%	-527.17%	-400.98%	-346.59%	-281.70%	-274.18%	-135.76%	-85.78%	-80.02%	-278.60%	-291.94%	-436.79%	-109.43%	-1,403.00%	-130.69%	-2,453.60%	0.00%	-87.62%	-743.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-420.63%	-496.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-110.72%	0.00%	-422.12%	-462.16%	0.00%	-298.68%
Preferred Stock Issuance	0M	0M	1M	0M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	5M	0M	0M	0M	0M	0M	0M	0M	0M	0M	16M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	0.00%	1,179.62%	786.41%	713.56%	570.85%	475.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11,796.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2,475.00%	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	-235M	-209M	-172M	-136M	-108M	-88M	-74M	-252M	-247M	-250M	-238M	-217M	-177M	-164M	-151M	-145M	-132M	-120M	-120M	-109M	-97M	-60M	-36M	-30M	-29M	-29M	-24M	-16M	-13M	-10M	-8M	-8M	-7M	-6M	-5M	-5M	-3M	-2M	-2M
Return on Net Dividends Paid	-586.38%	-556.48%	-465.90%	-507.67%	-764.58%	-774.21%	-863.11%	-288.51%	-421.59%	-350.50%	-561.07%	-847.58%	-798.31%	-224.92%	-463.65%	-436.13%	-464.70%	-252.74%	-259.37%	-341.77%	-331.89%	-670.27%	-957.66%	-654.56%	-504.23%	-1,651.71%	-1,685.28%	-2,195.77%	-1,639.56%	-1,671.04%	-424.01%	-396.67%	-533.41%	-1,038.48%	-1,175.51%	-1,060.00%	-1,315.38%	-1,568.42%	-1,418.75%
Common Dividends Paid	-235M	-209M	-172M	-136M	-108M	-88M	-73M	-252M	-247M	-250M	-238M	-217M	-177M	-164M	-151M	-145M	-132M	-120M	-120M	-109M	-97M	-60M	-36M	-30M	-29M	-29M	-24M	-16M	-13M	-8M	-8M	0M	-7M	-6M	-5M	-5M	-3M	-2M	-2M
Return on Common Dividends Paid	-586.38%	-556.48%	-465.90%	-507.67%	-764.58%	-1,043.64%	-1,087.64%	-288.51%	-421.59%	-350.50%	-561.07%	-847.58%	-798.31%	-224.92%	-463.65%	-436.13%	-464.70%	-252.74%	-259.37%	-341.77%	-331.89%	-670.27%	-957.66%	-654.56%	-504.23%	-1,651.71%	-1,685.28%	-2,195.77%	-1,639.56%	-2,009.09%	-424.01%	-6,794.37%	-533.41%	-1,038.48%	-1,175.51%	-1,060.00%	-1,315.38%	-1,568.42%	-1,418.75%
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	0M	0M	0M	0M	-2M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Dividends Paid	0.00%	0.00%	0.00%	0.00%	0.00%	-397.26%	-331.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-9,931.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	-45M	-40M	-26M	-8M	-4M	-3M	-3M	-39M	-22M	-33M	-56M	-45M	-28M	-40M	-22M	-52M	-14M	28M	4M	23M	59M	38M	0M	24M	0M	26M	10M	7M	-7M	0M	0M	-9M	0M	1M	0M	0M	0M	0M	0M
Return on Other Financing Activities	-3,047.76%	-3,031.60%	-1,436.81%	-12,148.58%	-7,095.94%	-5,126.29%	-4,295.24%	-1,876.80%	-4,717.65%	-2,676.45%	-2,368.62%	-4,098.22%	-5,101.08%	-913.61%	-3,232.72%	-1,223.36%	-4,259.72%	1,086.79%	8,418.92%	1,601.29%	548.81%	1,067.46%	-171,900.00%	821.75%	31,930.60%	1,824.90%	4,289.30%	5,134.81%	-2,869.63%	0.00%	0.00%	-339.83%	8,056.76%	6,044.52%	-57,600.00%	0.00%	34,200.00%	0.00%	22,700.00%
Net Cash from Financing Activities	-1,184M	-913M	-695M	-438M	-374M	-293M	-237M	-715M	-1,360M	-1,376M	-1,282M	-893M	-529M	-483M	-841M	-404M	-198M	-100M	-849M	33M	332M	-208M	248M	-24M	-860M	-231M	-200M	482M	-102M	-64M	150M	-23M	50M	37M	-34M	114M	92M	61M	-8M
Return on Net Cash from Financing Activities	-124.64%	-143.50%	-160.79%	-82.35%	-89.64%	-76.90%	-74.70%	-101.86%	-76.64%	-63.59%	-104.18%	-206.15%	-267.16%	-76.42%	-83.45%	-156.90%	-309.64%	-303.69%	-36.71%	1,125.76%	96.84%	-194.36%	138.85%	-794.44%	-17.23%	-208.55%	-204.13%	73.59%	-201.13%	-264.41%	22.72%	-129.72%	73.20%	168.29%	-169.41%	41.88%	37.17%	48.69%	-276.83%
Effect of FX on Cash	-5M	-2M	-1M	0M	0M	0M	9M	-4M	5M	-12M	2M	-5M	-1M	8M	4M	-6M	10M	-3M	-9M	-1M	0M	0M	4M	2M	1M	-1M	0M	0M	0M	2M	0M	0M	-1M	0M	0M	142M	59M	78M	-18M
Return on Effect of FX on Cash	10,387.74%	-16,346.04%	-8,501.87%	-4,859.24%	-997.96%	696.48%	580.53%	-17,760.98%	19,307.41%	-7,416.95%	78,582.35%	-40,002.17%	-117,750.00%	4,856.58%	16,313.95%	-10,740.68%	6,073.27%	-11,270.37%	-3,664.71%	-26,535.71%	-80,400.00%	100,875.00%	8,815.38%	9,375.45%	10,397.05%	-84,697.72%	168,576.45%	212,279.64%	-253,625.93%	10,845.24%	7,205.51%	24,526.02%	-5,205.73%	0.00%	0.00%	33.71%	58.26%	38.01%	-126.11%
Net Change in Cash	6M	29M	21M	18M	15M	12M	19M	-53M	-662M	-762M	-93M	873M	-383M	509M	46M	-26M	32M	19M	-2M	23M	-14M	13M	12M	30M	-9M	-25M	20M	22M	23M	9M	-7M	-1M	7M	-7M	3M	114M	92M	61M	-8M
Return on Net Change in Cash	-445.80%	-326.77%	-1,533.96%	-620.06%	-416.61%	-489.19%	-356.16%	-1,363.67%	-157.42%	-114.84%	-1,433.37%	210.80%	-368.93%	72.49%	1,521.69%	-2,418.70%	1,941.14%	1,644.86%	-16,394.74%	1,643.81%	-2,297.14%	3,103.85%	2,938.46%	649.73%	-1,647.48%	-1,928.95%	2,086.94%	1,578.88%	879.33%	1,787.93%	-476.40%	-4,819.01%	532.47%	-922.56%	1,694.12%	41.88%	37.17%	48.69%	-276.83%
Cash at Beginning of Period	851M	682M	403M	294M	232M	187M	158M	1,150M	3,343M	1,080M	1,173M	301M	684M	174M	128M	154M	123M	104M	106M	84M	98M	85M	73M	43M	52M	77M	57M	35M	12M	2M	9M	10M	3M	10M	7M	34M	1M	18M	8M
Return on Cash at Beginning of Period	269.07%	245.14%	326.79%	362.82%	491.91%	805.79%	862.84%	63.32%	31.19%	81.02%	113.85%	612.35%	206.73%	211.76%	547.19%	410.43%	499.51%	291.75%	293.31%	444.38%	329.51%	476.95%	471.60%	451.96%	284.95%	626.80%	709.80%	1,012.24%	1,762.05%	7,836.01%	365.50%	303.77%	1,169.49%	631.91%	886.15%	140.29%	4,275.00%	165.56%	273.49%
Cash at End of Period	857M	711M	424M	312M	247M	199M	177M	1,097M	2,681M	318M	1,080M	1,173M	301M	684M	174M	128M	154M	123M	104M	106M	84M	98M	85M	73M	43M	52M	77M	57M	35M	12M	2M	9M	10M	3M	10M	148M	93M	79M	0M
Return on Cash at End of Period	185.21%	215.97%	292.04%	316.08%	387.36%	538.76%	1,228.59%	66.41%	38.90%	275.13%	123.67%	156.82%	470.22%	54.00%	402.47%	494.31%	397.28%	247.80%	298.66%	349.81%	384.69%	413.42%	406.38%	266.55%	344.54%	928.51%	529.65%	616.80%	586.59%	1,455.77%	1,570.18%	324.20%	365.88%	2,005.76%	581.82%	32.25%	36.85%	37.63%	22,700.00%
Operating Cash Flow	1,740M	1,438M	1,121M	883M	798M	656M	556M	1,029M	1,482M	1,430M	1,671M	2,119M	799M	1,173M	1,302M	665M	399M	627M	1,025M	356M	633M	602M	235M	214M	943M	665M	639M	191M	272M	122M	106M	91M	104M	24M	131M	31M	40M	36M	39M
Return on Operating Cash Flow	76.00%	87.24%	81.82%	85.17%	84.54%	87.41%	86.96%	70.80%	70.35%	61.21%	79.93%	86.85%	176.76%	31.47%	53.90%	95.35%	153.73%	48.57%	30.39%	104.35%	50.78%	67.04%	146.42%	90.78%	15.71%	72.63%	63.85%	185.64%	75.47%	139.39%	31.96%	33.24%	35.08%	254.74%	43.84%	154.37%	85.93%	81.87%	57.61%
Capital Expenditure	-414M	-330M	-262M	-231M	-198M	-164M	-151M	-367M	-430M	-431M	-469M	-342M	-237M	-172M	-242M	-240M	-162M	-155M	-172M	-190M	-168M	-214M	-156M	-111M	-70M	-152M	-124M	-109M	-54M	-36M	-21M	-19M	-25M	-30M	-113M	-176M	-107M	-21M	-8M
Return on Capital Expenditure	-342.19%	-367.67%	-314.91%	-274.57%	-284.26%	-273.38%	-245.71%	-198.64%	-242.52%	-203.25%	-284.96%	-538.36%	-597.21%	-214.59%	-289.64%	-264.15%	-379.58%	-196.45%	-180.89%	-195.12%	-191.43%	-188.55%	-219.82%	-174.53%	-211.95%	-317.85%	-328.66%	-326.01%	-382.28%	-471.70%	-162.66%	-161.68%	-148.07%	-205.14%	-51.20%	-27.09%	-31.93%	-139.25%	-287.34%
Free Cash Flow	1,326M	1,108M	859M	653M	599M	492M	405M	662M	1,052M	999M	1,203M	1,777M	563M	1,001M	1,059M	425M	237M	472M	853M	166M	465M	388M	78M	103M	873M	513M	515M	82M	218M	86M	86M	72M	79M	-6M	19M	-145M	-67M	15M	32M
Return on Free Cash Flow	100.75%	118.04%	116.51%	146.02%	145.29%	87.11%	88.98%	110.00%	99.09%	87.59%	111.09%	103.56%	251.07%	36.87%	66.22%	149.21%	258.38%	64.53%	36.53%	224.34%	69.12%	104.02%	438.52%	189.19%	16.97%	94.15%	79.24%	431.16%	94.03%	197.85%	39.78%	41.85%	45.97%	-1,053.58%	304.76%	-32.85%	-50.82%	198.67%	72.06%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y 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	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,353M	1,170M	844M	673M	585M	481M	407M	730M	1,045M	878M	1,336M	1,844M	1,417M	372M	706M	642M	621M	309M	316M	376M	325M	408M	349M	198M	149M	483M	408M	355M	205M	170M	34M	30M	36M	62M	58M	48M	34M	30M	23M
EBITDA	2,069M	1,863M	1,441M	1,214M	1,077M	895M	759M	1,278M	1,641M	1,449M	2,026M	2,733M	2,262M	848M	1,308M	1,222M	943M	798M	819M	895M	796M	861M	745M	511M	414M	981M	813M	696M	414M	352M	118M	100M	115M	151M	135M	108M	73M	52M	40M
Return on EBITDA	64.67%	60.12%	55.04%	51.08%	50.12%	47.29%	47.67%	57.14%	63.67%	60.60%	65.93%	67.48%	62.68%	43.93%	54.00%	52.52%	65.88%	38.74%	38.61%	42.07%	40.79%	47.42%	46.87%	38.75%	36.07%	49.20%	50.16%	50.96%	49.64%	48.15%	28.94%	30.03%	31.55%	41.26%	42.64%	44.00%	47.11%	57.09%	57.04%
(-) Tax Adjustment	486M	441M	324M	297M	283M	239M	205M	293M	360M	333M	466M	659M	559M	188M	314M	300M	-60M	223M	254M	278M	256M	284M	236M	170M	98M	363M	306M	264M	159M	131M	45M	40M	46M	59M	54M	44M	30M	21M	16M
Return on (-) Tax Adjustment	276.67%	256.40%	94.96%	107.98%	115.11%	110.76%	112.66%	249.36%	289.84%	263.75%	286.49%	279.78%	253.43%	198.54%	224.85%	213.94%	-1,033.92%	138.44%	124.29%	135.19%	127.02%	143.70%	147.66%	116.53%	152.24%	133.17%	133.19%	134.37%	129.46%	129.69%	76.15%	76.35%	79.68%	105.12%	105.93%	108.39%	114.80%	143.01%	138.46%
(-) Change In Working Capital	38M	-79M	-23M	-52M	-10M	-11M	-8M	-85M	100M	166M	2M	-55M	-910M	400M	279M	-267M	-284M	13M	425M	-221M	70M	14M	-247M	-165M	614M	50M	139M	-231M	9M	-106M	29M	29M	37M	-64M	54M	-31M	-3M	2M	7M
Return on (-) Change In Working Capital	22,495.56%	13,484.78%	6,974.46%	4,844.71%	3,803.93%	3,045.60%	2,542.95%	-859.84%	1,047.84%	529.23%	70,310.53%	-3,353.09%	-155.81%	93.03%	252.81%	-240.64%	-218.97%	2,453.17%	74.37%	-170.35%	461.88%	2,895.74%	-141.66%	-119.66%	24.31%	957.07%	293.28%	-153.79%	2,287.21%	-160.51%	117.06%	103.82%	98.28%	-97.42%	106.08%	-155.37%	-1,368.00%	1,241.67%	324.29%
(-) Capital Expenditure	-414M	-330M	-262M	-231M	-198M	-164M	-151M	-367M	-430M	-431M	-469M	-342M	-237M	-172M	-242M	-240M	-162M	-155M	-172M	-190M	-168M	-214M	-156M	-111M	-70M	-152M	-124M	-109M	-54M	-36M	-21M	-19M	-25M	-30M	-113M	-176M	-107M	-21M	-8M
Return on (-) Capital Expenditure	-342.81%	-368.80%	-317.05%	-276.88%	-286.07%	-274.83%	-246.91%	-199.13%	-243.01%	-203.90%	-284.96%	-539.56%	-599.07%	-216.51%	-291.54%	-267.53%	-384.28%	-199.55%	-183.62%	-197.64%	-193.27%	-190.79%	-223.27%	-177.67%	-213.41%	-317.85%	-328.66%	-326.01%	-382.28%	-471.70%	-162.66%	-161.68%	-148.07%	-205.14%	-51.20%	-27.09%	-31.93%	-139.25%	-287.34%
Unlevered Free Cash Flow	1,132M	1,172M	878M	738M	605M	503M	412M	703M	751M	520M	1,089M	1,787M	2,375M	88M	472M	949M	1,125M	407M	-33M	647M	302M	349M	599M	395M	-368M	416M	244M	554M	192M	291M	23M	13M	8M	125M	-86M	-81M	-62M	8M	9M
Return on Unlevered Free Cash Flow	131.62%	175.61%	26.54%	43.77%	53.51%	80.25%	82.87%	103.82%	139.15%	169.01%	122.65%	103.20%	59.67%	423.53%	149.61%	67.64%	55.22%	75.92%	-961.10%	58.19%	107.49%	117.07%	58.34%	50.12%	-40.55%	115.97%	167.33%	64.04%	106.77%	58.26%	148.47%	227.80%	451.84%	49.72%	-66.92%	-58.88%	-55.35%	394.07%	266.88%
(-) Net Interest Income After Taxes	-20M	-56M	-87M	-80M	-70M	-57M	-47M	-39M	-31M	-15M	-4M	-40M	-112M	-111M	-121M	-118M	-149M	-105M	-97M	-92M	-84M	-68M	-41M	-43M	-44M	-54M	-49M	-38M	-16M	-18M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on (-) Net Interest Income After Taxes	-15,271.54%	-9,484.27%	-4,958.68%	-3,486.14%	-2,829.97%	-2,301.62%	-1,918.01%	-1,886.44%	-3,338.66%	-5,815.82%	-35,413.15%	-4,585.66%	-1,270.65%	-336.05%	-584.83%	-544.21%	-415.81%	-294.58%	-326.01%	-410.75%	-384.79%	-602.17%	-851.25%	-456.40%	-337.50%	-891.48%	-831.40%	-925.78%	-1,321.12%	-940.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	-170M	-91M	-121M	-39M	-63M	-48M	-34M	113M	125M	0M	-508M	-3M	-2M	59M	-618M	278M	-32M	-8M	-377M	169M	370M	-185M	284M	-18M	-831M	-114M	-120M	484M	-94M	-64M	147M	-18M	-96M	96M	-31M	129M	6M	62M	1M
Return on Net Debt Issuance	-122,232.49%	-92,111.50%	-46,643.45%	-31,152.99%	-23,411.13%	-18,744.29%	-15,451.94%	647.74%	838.44%	-292,666.67%	-262.82%	-73,768.00%	-94,493.33%	633.33%	-114.33%	230.78%	-1,946.71%	-3,962.82%	-83.96%	223.32%	87.66%	-220.46%	123.09%	-1,073.92%	-17.95%	-422.66%	-340.67%	73.30%	-219.69%	-263.55%	23.10%	-171.01%	-38.02%	64.69%	-186.41%	36.98%	610.71%	47.83%	4,540.00%
Levered Free Cash Flow	981M	1,137M	844M	779M	612M	512M	425M	855M	907M	534M	585M	1,825M	2,485M	258M	-25M	1,345M	1,242M	504M	-313M	907M	757M	231M	923M	420M	-1,155M	356M	173M	1,075M	114M	245M	170M	-4M	-88M	222M	-117M	48M	-56M	70M	9M
Return on Levered Free Cash Flow	164.63%	139.10%	-208.23%	-115.76%	-58.29%	-71.03%	-49.73%	85.43%	115.23%	164.33%	228.49%	101.07%	57.03%	144.60%	-2,835.62%	47.72%	50.00%	61.30%	-101.18%	41.50%	42.90%	176.47%	37.82%	47.14%	-12.92%	135.52%	235.65%	32.96%	179.50%	69.28%	19.99%	-686.01%	-41.51%	28.11%	-49.24%	99.39%	-60.86%	42.66%	252.06%