Iochpe-Maxion S.A. (MYPK3.SA)

Category: Company Returns Sector: Consumer Cyclical Industry: Auto - Parts Live Price: $10.01

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	35M	22M	22M	23M	22M	36M	34M	48M	6M	51M	97M	-89M	61M	36M	1M	4M	9M	12M	31M	12M	40M	30M	10M	39M	13M	10M	13M	9M
Revenue	2,852M	2,524M	2,001M	1,602M	1,266M	2,854M	2,700M	2,777M	2,709M	3,070M	2,479M	1,587M	1,814M	1,742M	1,356M	1,235M	1,240M	1,071M	1,067M	954M	526M	403M	239M	331M	234M	226M	271M	199M
Return on Revenue	1.19%	0.38%	0.85%	1.92%	2.99%	1.28%	1.27%	1.73%	0.21%	1.65%	3.92%	-5.61%	3.37%	2.09%	0.09%	0.32%	0.72%	1.15%	2.89%	1.27%	7.69%	7.37%	4.18%	11.71%	5.61%	4.63%	4.83%	4.63%
Cost of Revenue	2,542M	2,256M	1,767M	1,407M	1,109M	2,506M	2,389M	2,447M	2,436M	2,742M	2,171M	1,484M	1,600M	1,503M	1,147M	1,059M	1,078M	923M	911M	854M	426M	328M	202M	266M	191M	186M	218M	158M
Return on Cost of Revenue	1.34%	0.50%	1.01%	2.32%	3.64%	1.45%	1.43%	1.96%	0.23%	1.84%	4.48%	-6.00%	3.82%	2.43%	0.10%	0.37%	0.83%	1.33%	3.38%	1.42%	9.49%	9.07%	4.95%	14.56%	6.87%	5.62%	5.98%	5.83%
Gross Profit	310M	268M	234M	195M	158M	348M	311M	330M	273M	328M	309M	102M	215M	239M	209M	176M	162M	148M	156M	101M	100M	75M	37M	65M	43M	40M	52M	41M
Return on Gross Profit	10.66%	-4.69%	2.86%	9.91%	15.89%	10.47%	10.99%	14.53%	2.04%	15.42%	31.52%	-86.99%	28.47%	15.27%	0.55%	2.22%	5.53%	8.29%	19.83%	12.01%	40.50%	39.40%	27.16%	59.98%	30.71%	26.36%	24.99%	22.34%
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
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%
SG&A Expenses	139M	131M	114M	93M	75M	166M	137M	145M	137M	134M	134M	102M	101M	103M	102M	97M	88M	71M	74M	48M	35M	28M	20M	23M	19M	17M	20M	17M
Return on SG&A Expenses	24.92%	12.01%	17.14%	31.73%	44.80%	21.95%	24.89%	33.15%	4.06%	37.56%	72.52%	-87.25%	60.71%	35.35%	1.14%	4.02%	10.18%	17.29%	41.47%	25.35%	114.09%	106.33%	51.13%	170.53%	70.45%	61.53%	66.36%	53.95%
Operating Expenses	139M	121M	110M	92M	75M	166M	135M	145M	130M	142M	77M	112M	92M	112M	119M	89M	80M	72M	73M	76M	35M	28M	20M	23M	20M	19M	27M	18M
Return on Operating Expenses	24.33%	23.83%	23.46%	35.38%	46.14%	21.97%	25.38%	33.07%	4.28%	35.65%	125.63%	-79.50%	66.30%	32.64%	0.97%	4.37%	11.16%	16.96%	42.00%	15.88%	115.47%	105.86%	51.04%	170.84%	66.00%	55.43%	48.68%	50.42%
Operating Income (EBIT)	171M	147M	124M	104M	85M	177M	178M	185M	143M	186M	231M	-10M	122M	127M	90M	87M	81M	76M	82M	50M	65M	47M	17M	42M	23M	21M	25M	23M
Return on Operating Income (EBIT)	19.02%	204.33%	111.70%	87.99%	81.47%	20.55%	19.21%	25.98%	3.89%	27.18%	42.09%	922.51%	49.90%	28.70%	1.29%	4.49%	10.98%	16.23%	37.55%	24.01%	62.37%	62.76%	58.03%	92.42%	57.44%	50.24%	51.34%	40.11%
Interest Income	8M	5M	3M	3M	2M	11M	13M	-4M	27M	2M	0M	1M	0M	0M	0M	0M	0M	0M	1M	2M	5M	5M	3M	0M	1M	1M	0M	1M
Return on Interest Income	624.82%	1,147.69%	-733.01%	-886.49%	-1,717.09%	323.01%	254.50%	-1,361.51%	20.60%	3,215.37%	20,862.95%	-16,998.96%	-15,931.78%	-11,348.65%	1,250.59%	1,290.83%	11,670.45%	-10,253.71%	2,300.81%	583.97%	744.34%	657.30%	348.83%	-27,377.75%	1,052.19%	1,859.07%	3,073.33%	690.57%
Interest Expense	106M	86M	67M	53M	41M	113M	113M	101M	111M	107M	67M	43M	31M	40M	43M	65M	60M	48M	39M	28M	8M	10M	5M	5M	4M	3M	5M	7M
Return on Interest Expense	33.27%	7.76%	35.43%	88.44%	160.83%	32.14%	30.30%	47.67%	5.00%	47.15%	145.05%	-206.07%	199.71%	92.22%	2.68%	6.04%	14.91%	25.45%	79.64%	42.90%	522.99%	301.31%	191.63%	798.86%	314.43%	319.00%	266.01%	127.26%
Net Interest Income	-98M	-80M	-64M	-51M	-39M	-102M	-99M	-104M	-83M	-106M	-67M	-43M	-31M	-40M	-43M	-64M	-60M	-48M	-37M	-25M	-6M	-5M	-3M	-5M	-2M	-4M	-6M	-6M
Return on Net Interest Income	-33.54%	-7.62%	-35.05%	-115.09%	-205.27%	-35.69%	-34.39%	-46.05%	-6.72%	-47.85%	-146.06%	208.60%	-197.24%	-91.47%	-2.69%	-6.07%	-14.93%	-25.39%	-82.50%	-49.00%	-662.58%	-556.34%	-381.49%	-776.21%	-753.60%	-262.95%	-204.95%	-156.01%
Unusual Items	180M	155M	126M	100M	77M	201M	190M	183M	179M	178M	125M	109M	62M	80M	106M	127M	117M	95M	76M	52M	5M	11M	5M	10M	5M	7M	8M	16M
Return on Unusual Items	19.26%	10.80%	21.04%	91.12%	127.64%	18.12%	18.03%	26.26%	3.10%	28.43%	78.15%	-81.94%	98.96%	45.66%	1.09%	3.08%	7.63%	12.95%	40.61%	23.27%	801.42%	278.17%	201.08%	388.10%	281.14%	155.48%	160.15%	59.29%
EBT Excluding Unusual Items	-91M	-82M	-64M	-45M	-30M	-123M	-102M	-77M	-132M	-64M	49M	-184M	30M	7M	-79M	-102M	-93M	-66M	-32M	-27M	57M	31M	10M	27M	16M	10M	14M	-2M
Return on EBT Excluding Unusual Items	-48.61%	20.38%	79.73%	53.67%	66.60%	-29.68%	-33.55%	-62.61%	-4.23%	-78.99%	199.39%	48.32%	204.05%	506.26%	-1.47%	-3.81%	-9.59%	-18.72%	-95.28%	-44.10%	70.89%	94.86%	103.77%	143.78%	79.84%	103.77%	95.95%	-417.98%
Pre-Tax Income	89M	73M	62M	55M	47M	78M	88M	106M	48M	114M	173M	-76M	92M	87M	27M	24M	24M	29M	44M	25M	62M	42M	15M	37M	21M	17M	22M	13M
Return on Pre-Tax Income	33.75%	55.02%	44.11%	49.27%	54.84%	46.53%	38.97%	45.22%	11.61%	44.41%	56.14%	117.73%	66.64%	41.88%	4.29%	15.97%	37.16%	42.03%	70.78%	49.29%	65.13%	70.74%	68.45%	104.91%	62.18%	62.23%	60.00%	69.09%
Income Tax Expense	36M	33M	24M	19M	16M	21M	35M	37M	29M	41M	60M	0M	15M	32M	13M	8M	2M	8M	5M	5M	22M	12M	5M	-2M	8M	6M	9M	4M
Return on Income Tax Expense	90.95%	-4,369.41%	-2,089.81%	-1,300.59%	-1,047.43%	173.82%	98.44%	128.89%	19.35%	124.61%	162.83%	-22,282.74%	397.28%	115.35%	9.26%	47.11%	379.94%	156.85%	580.63%	223.33%	186.75%	241.76%	216.91%	-2,136.45%	164.44%	165.08%	150.20%	223.75%
Depreciation and Amortization	88M	94M	77M	60M	47M	100M	88M	91M	85M	89M	101M	101M	76M	64M	55M	57M	55M	42M	38M	31M	10M	9M	8M	7M	6M	5M	5M	5M
Return on Depreciation and Amortization	38.65%	24.72%	28.59%	78.52%	130.37%	36.53%	38.70%	52.62%	6.53%	56.78%	95.96%	-88.31%	80.43%	56.62%	2.12%	6.79%	16.38%	29.57%	80.22%	38.61%	419.80%	323.69%	122.89%	587.54%	233.46%	219.76%	265.98%	176.72%
EBITDA	282M	249M	203M	166M	133M	279M	285M	303M	244M	298M	336M	62M	198M	185M	129M	141M	135M	116M	117M	84M	83M	57M	35M	49M	28M	25M	32M	24M
Return on EBITDA	11.68%	-15.81%	-1.82%	8.93%	18.59%	13.08%	11.99%	15.83%	2.28%	16.93%	28.99%	-143.06%	30.82%	19.74%	0.90%	2.78%	6.61%	10.61%	26.31%	14.39%	49.01%	51.82%	28.35%	79.86%	46.10%	42.10%	41.35%	37.87%
NOPAT	99M	88M	80M	70M	57M	130M	108M	120M	57M	120M	151M	-10M	102M	81M	48M	57M	73M	55M	72M	39M	42M	34M	12M	44M	14M	13M	15M	16M
Return on NOPAT	30.66%	214.77%	120.03%	98.70%	95.59%	28.07%	31.80%	40.02%	9.72%	42.23%	64.23%	917.66%	59.95%	45.06%	2.40%	6.80%	12.17%	22.17%	42.77%	30.81%	95.76%	88.72%	84.79%	88.09%	92.38%	80.64%	85.50%	58.03%
Owner's Earnings	27M	29M	24M	20M	15M	35M	13M	32M	-1M	51M	114M	-49M	50M	16M	13M	8M	5M	1M	24M	-1M	14M	24M	-38M	25M	6M	3M	3M	5M
Return on Owner's Earnings	-162.86%	-44.24%	36.12%	78.08%	116.77%	104.74%	257.74%	149.69%	-737.36%	99.08%	85.72%	181.66%	123.44%	233.68%	9.03%	47.87%	168.43%	1,185.74%	127.62%	-910.46%	283.02%	124.00%	-26.01%	156.12%	206.75%	354.02%	473.33%	201.12%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	35M	22M	22M	23M	22M	48M	6M	51M	97M	-89M	61M	36M	1M	4M	9M	12M	31M	12M	40M	30M	10M	39M	13M	10M	13M	9M
Cash & Cash Equivalents	466M	377M	240M	187M	144M	446M	537M	414M	197M	291M	117M	88M	98M	78M	134M	130M	120M	91M	53M	10M	10M	16M	27M	16M	9M	6M
Return on Cash & Cash Equivalents	7.99%	8.54%	14.91%	37.27%	57.43%	10.75%	1.04%	12.20%	49.37%	-30.63%	52.22%	41.35%	1.18%	4.99%	6.68%	9.45%	25.72%	13.34%	76.65%	284.80%	99.69%	237.79%	47.78%	65.53%	138.81%	161.53%
Short-Term Investments	0M	0M	0M	4M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	8M	48M	22M	0M	0M	0M	0M	8M
Return on Short-Term Investments	0.00%	0.00%	0.00%	36.62%	29.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	487.46%	61.83%	44.85%	0.00%	0.00%	0.00%	0.00%	119.70%
Cash & Short-Term Investments	466M	377M	240M	191M	148M	446M	537M	414M	197M	291M	117M	88M	98M	78M	134M	130M	120M	91M	61M	59M	32M	16M	27M	16M	9M	13M
Return on Cash & Short-Term Investments	7.99%	8.54%	14.91%	20.98%	41.78%	10.75%	1.04%	12.20%	49.37%	-30.63%	52.22%	41.35%	1.18%	4.99%	6.68%	9.45%	25.72%	13.34%	66.24%	50.80%	30.93%	237.79%	47.78%	65.53%	138.81%	68.75%
Net Receivables	359M	342M	270M	217M	171M	293M	384M	400M	359M	275M	206M	241M	206M	167M	172M	133M	141M	146M	82M	51M	41M	47M	26M	24M	29M	27M
Return on Net Receivables	10.16%	5.04%	7.80%	15.04%	23.57%	16.38%	1.45%	12.64%	27.12%	-32.38%	29.62%	15.12%	0.56%	2.34%	5.18%	9.20%	21.86%	8.27%	49.41%	58.81%	24.55%	83.39%	49.55%	43.24%	45.04%	34.16%
Inventory	451M	450M	328M	250M	196M	442M	420M	489M	579M	317M	241M	262M	216M	157M	155M	123M	116M	112M	69M	58M	36M	44M	31M	22M	26M	28M
Return on Inventory	7.50%	2.23%	5.93%	14.42%	23.55%	10.84%	1.32%	10.32%	16.81%	-28.13%	25.40%	13.90%	0.54%	2.49%	5.78%	9.99%	26.65%	10.86%	58.41%	51.13%	27.58%	87.55%	41.80%	47.07%	50.62%	33.24%
Other Current Assets	85M	79M	57M	42M	32M	135M	5M	115M	96M	43M	40M	43M	29M	38M	27M	20M	21M	3M	4M	3M	0M	6M	6M	6M	3M	2M
Return on Other Current Assets	62.73%	16.81%	36.66%	195.91%	216.97%	35.42%	108.69%	44.08%	100.86%	-205.01%	150.92%	84.71%	4.01%	10.26%	32.68%	60.67%	146.19%	396.96%	1,022.12%	946.13%	0.00%	602.69%	233.87%	176.47%	387.70%	490.31%
Total Current Assets	1,376M	1,261M	902M	706M	552M	1,339M	1,361M	1,428M	1,240M	935M	608M	638M	552M	428M	494M	409M	402M	361M	217M	171M	110M	114M	91M	69M	68M	70M
Return on Total Current Assets	2.51%	1.17%	2.45%	4.97%	8.33%	3.58%	0.41%	3.54%	7.85%	-9.53%	10.05%	5.71%	0.21%	0.91%	1.81%	3.00%	7.68%	3.36%	18.62%	17.44%	9.05%	34.05%	14.35%	15.22%	19.23%	13.11%
Property, Plant & Equipment	801M	793M	693M	580M	454M	917M	746M	741M	780M	780M	664M	616M	548M	529M	608M	497M	474M	437M	200M	172M	163M	69M	55M	49M	41M	31M
Return on Property, Plant & Equipment	4.26%	2.77%	3.14%	5.38%	10.99%	5.23%	0.75%	6.82%	12.48%	-11.42%	9.21%	5.92%	0.21%	0.74%	1.47%	2.47%	6.51%	2.77%	20.19%	17.31%	6.11%	56.44%	23.71%	21.30%	31.48%	29.58%
Goodwill	340M	346M	296M	229M	172M	381M	312M	328M	365M	346M	269M	259M	221M	218M	261M	178M	158M	138M	4M	0M	4M	0M	0M	0M	0M	0M
Return on Goodwill	9.92%	6.13%	7.32%	76.82%	71.20%	12.57%	1.78%	15.41%	26.65%	-25.77%	22.73%	14.10%	0.52%	1.79%	3.43%	6.88%	19.54%	8.79%	1,043.90%	0.00%	271.70%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	47M	51M	46M	37M	31M	46M	45M	50M	60M	56M	46M	43M	36M	36M	45M	30M	28M	25M	1M	5M	1M	47M	26M	0M	0M	27M
Return on Intangible Assets	72.61%	44.35%	47.21%	332.82%	313.67%	104.10%	12.44%	101.29%	161.71%	-157.81%	132.07%	84.21%	3.23%	10.90%	19.96%	40.98%	110.35%	48.46%	3,702.95%	617.51%	1,148.13%	83.39%	49.55%	0.00%	0.00%	34.16%
Long-Term Investments	64M	54M	34M	22M	15M	42M	80M	70M	59M	17M	14M	8M	9M	15M	23M	2M	4M	23M	5M	-48M	-22M	0M	0M	0M	0M	1M
Return on Long-Term Investments	64.64%	-31.31%	80.41%	201.38%	148.78%	115.07%	6.94%	71.89%	165.67%	-516.13%	452.25%	430.15%	13.53%	26.44%	38.24%	548.62%	878.12%	51.69%	800.01%	-61.89%	-44.98%	0.00%	0.00%	0.00%	0.00%	926.64%
Tax Assets	52M	58M	49M	37M	30M	61M	46M	49M	59M	76M	56M	47M	47M	34M	16M	13M	16M	12M	13M	17M	19M	15M	4M	5M	6M	7M
Return on Tax Assets	64.99%	48.78%	50.21%	92.74%	124.54%	79.25%	12.03%	103.68%	166.26%	-117.33%	110.05%	78.18%	2.49%	11.42%	56.02%	91.27%	198.65%	103.32%	317.25%	178.56%	53.21%	259.94%	363.74%	199.84%	222.95%	126.78%
Other Non-Current Assets	70M	75M	51M	43M	35M	106M	42M	61M	126M	38M	42M	23M	23M	18M	28M	9M	12M	46M	11M	62M	32M	7M	5M	3M	6M	4M
Return on Other Non-Current Assets	46.91%	-3.11%	34.89%	78.32%	133.56%	45.27%	13.11%	82.34%	77.37%	-233.65%	145.65%	160.21%	5.11%	21.41%	32.10%	131.02%	247.87%	26.32%	372.65%	48.06%	30.95%	570.31%	280.78%	396.30%	217.96%	231.05%
Other Assets	0M	0M	0M	-2M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-27M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Assets	0.00%	0.00%	0.00%	-3.01%	-2.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-45.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	1,383M	1,370M	1,163M	943M	730M	1,552M	1,271M	1,324M	1,390M	1,313M	1,090M	995M	883M	850M	958M	730M	691M	658M	234M	207M	197M	91M	64M	57M	53M	44M
Return on Total Non-Current Assets	2.45%	1.51%	1.84%	3.87%	8.43%	3.09%	0.44%	3.82%	7.00%	-6.78%	5.61%	3.66%	0.13%	0.46%	0.93%	1.68%	4.46%	1.84%	17.29%	14.36%	5.07%	42.38%	20.39%	18.36%	24.49%	20.87%
Total Assets	2,759M	2,631M	2,065M	1,647M	1,281M	2,891M	2,632M	2,752M	2,630M	2,248M	1,698M	1,634M	1,435M	1,278M	1,452M	1,139M	1,093M	992M	451M	378M	307M	205M	156M	126M	121M	114M
Return on Total Assets	1.24%	0.69%	1.03%	2.15%	4.09%	1.66%	0.21%	1.84%	3.70%	-3.96%	3.60%	2.23%	0.08%	0.31%	0.62%	1.08%	2.82%	1.22%	8.96%	7.88%	3.25%	18.88%	8.42%	8.32%	10.77%	8.05%
Accounts Payable	390M	369M	281M	216M	165M	410M	345M	416M	411M	265M	204M	239M	191M	155M	170M	148M	114M	103M	41M	27M	20M	11M	11M	8M	12M	12M
Return on Accounts Payable	8.49%	3.11%	6.92%	21.63%	53.77%	11.70%	1.61%	12.16%	23.67%	-33.60%	29.95%	15.29%	0.61%	2.52%	5.27%	8.28%	27.02%	11.71%	98.95%	109.36%	50.86%	351.13%	116.58%	123.99%	108.37%	74.41%
Short-Term Debt	199M	242M	229M	187M	148M	111M	296M	189M	268M	345M	117M	195M	245M	214M	305M	194M	129M	118M	59M	25M	50M	40M	24M	23M	14M	21M
Return on Short-Term Debt	23.89%	16.43%	15.81%	25.70%	34.75%	43.06%	1.88%	26.73%	36.26%	-25.78%	52.02%	18.71%	0.47%	1.82%	2.93%	6.33%	23.91%	10.25%	68.33%	118.61%	19.96%	97.37%	54.92%	46.06%	91.08%	43.50%
Tax Payables	40M	35M	27M	21M	16M	38M	23M	58M	40M	16M	22M	22M	24M	14M	10M	10M	15M	12M	3M	2M	4M	1M	1M	0M	1M	5M
Return on Tax Payables	79.20%	-12.56%	50.26%	227.43%	1,039.83%	125.52%	24.24%	87.86%	243.58%	-543.98%	278.73%	165.51%	4.92%	27.92%	88.32%	121.48%	209.03%	104.07%	1,161.61%	1,312.59%	264.54%	7,418.36%	2,324.69%	5,523.90%	1,853.79%	202.94%
Deferred Revenue	10M	11M	9M	6M	5M	9M	9M	12M	15M	11M	5M	20M	0M	10M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	335.51%	163.45%	227.90%	151.93%	113.95%	522.82%	64.65%	419.06%	646.37%	-835.66%	1,238.57%	184.66%	0.00%	38.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	108M	105M	89M	77M	62M	143M	82M	99M	109M	93M	132M	86M	41M	47M	62M	34M	41M	89M	71M	31M	17M	30M	13M	8M	13M	24M
Return on Other Current Liabilities	30.52%	16.93%	19.90%	31.84%	50.02%	33.53%	6.77%	51.26%	88.96%	-95.87%	46.30%	42.53%	2.82%	8.24%	14.45%	36.40%	75.51%	13.56%	56.82%	96.32%	58.97%	128.16%	100.97%	136.75%	97.86%	37.73%
Total Current Liabilities	827M	841M	683M	546M	426M	780M	836M	864M	936M	788M	468M	591M	554M	457M	559M	405M	332M	328M	192M	99M	90M	91M	61M	47M	49M	62M
Return on Total Current Liabilities	4.22%	2.35%	3.37%	6.73%	11.27%	6.15%	0.67%	5.85%	10.40%	-11.30%	13.06%	6.17%	0.21%	0.85%	1.60%	3.03%	9.29%	3.70%	21.06%	30.17%	11.05%	42.76%	21.56%	22.36%	26.68%	14.74%
Long-Term Debt	987M	855M	595M	480M	367M	1,046M	930M	984M	734M	582M	437M	315M	270M	340M	313M	330M	373M	378M	57M	107M	68M	23M	27M	17M	18M	11M
Return on Long-Term Debt	3.44%	1.65%	3.83%	10.11%	26.02%	4.58%	0.60%	5.13%	13.26%	-15.31%	13.98%	11.59%	0.43%	1.15%	2.85%	3.72%	8.26%	3.20%	70.44%	27.69%	14.78%	170.45%	48.90%	60.78%	73.83%	86.17%
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	0M	0M	0M
Return on Capital Lease Obligations	0.00%	0.00%	15,099.03%	10,066.02%	7,549.52%	0.00%	0.00%	0.00%	0.00%	0.00%	134,974.00%	16,016.31%	0.00%	0.00%	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	10M	17M	24M	27M	20M	14M	9M	8M	22M	32M	32M	36M	31M	30M	30M	32M	44M	35M	26M	23M	0M	0M	0M	0M	0M	0M
Return on Deferred Tax Liabilities	354.51%	245.56%	156.88%	132.97%	99.73%	348.78%	64.61%	650.13%	445.00%	-280.73%	193.32%	100.73%	3.79%	13.22%	29.98%	38.43%	70.78%	34.66%	153.64%	128.22%	0.00%	0.00%	0.00%	0.00%	0.00%	2,672.24%
Other Non-Current Liabilities	123M	134M	120M	98M	77M	133M	118M	119M	142M	157M	128M	113M	103M	87M	104M	81M	82M	88M	9M	7M	27M	12M	12M	14M	13M	7M
Return on Other Non-Current Liabilities	27.73%	19.02%	18.94%	73.91%	88.27%	36.05%	4.73%	42.40%	68.56%	-56.62%	47.70%	32.40%	1.12%	4.50%	8.58%	15.10%	37.47%	13.75%	442.67%	410.31%	37.02%	331.25%	111.35%	76.40%	100.72%	130.23%
Total Non-Current Liabilities	1,120M	1,006M	740M	605M	465M	1,193M	1,056M	1,111M	897M	771M	597M	463M	404M	456M	447M	443M	499M	501M	93M	138M	95M	34M	39M	31M	31M	18M
Return on Total Non-Current Liabilities	3.03%	1.68%	2.96%	7.07%	16.98%	4.02%	0.53%	4.55%	10.84%	-11.55%	10.24%	7.87%	0.29%	0.85%	2.00%	2.77%	6.18%	2.42%	43.55%	21.57%	10.56%	112.54%	33.98%	33.85%	42.60%	50.87%
Total Liabilities	1,947M	1,846M	1,423M	1,148M	890M	1,972M	1,893M	1,975M	1,833M	1,559M	1,065M	1,054M	958M	913M	1,007M	848M	831M	794M	285M	236M	185M	125M	99M	78M	80M	81M
Return on Total Liabilities	1.76%	0.98%	1.55%	3.26%	6.42%	2.43%	0.29%	2.56%	5.31%	-5.71%	5.74%	3.46%	0.12%	0.43%	0.89%	1.45%	3.71%	1.53%	14.20%	12.58%	5.40%	30.99%	13.19%	13.46%	16.41%	11.43%
Preferred Stock	0M	0M	0M	2M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	29M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock	0.00%	0.00%	0.00%	7.10%	5.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	106.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	286M	286M	245M	199M	158M	286M	286M	286M	286M	286M	286M	255M	231M	127M	127M	127M	127M	118M	91M	65M	47M	47M	29M	29M	29M	29M
Return on Common Stock	12.14%	7.86%	8.56%	14.68%	22.42%	16.79%	1.95%	17.69%	34.07%	-31.19%	21.40%	14.30%	0.50%	3.08%	7.05%	9.68%	24.33%	10.29%	44.69%	45.60%	21.09%	81.88%	44.83%	35.79%	44.67%	31.48%
Retained Earnings	125M	92M	64M	50M	38M	146M	117M	113M	82M	0M	0M	71M	58M	56M	0M	46M	38M	25M	1M	1M	0M	0M	0M	0M	0M	0M
Return on Retained Earnings	27.42%	40.32%	26.18%	622.75%	467.07%	32.77%	4.76%	44.74%	119.33%	0.00%	0.00%	51.21%	2.01%	6.95%	0.00%	26.42%	81.96%	48.31%	5,354.33%	3,568.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accumulated OCI	333M	343M	262M	184M	138M	405M	276M	319M	370M	347M	195M	208M	146M	142M	211M	78M	60M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accumulated OCI	9.90%	6.06%	8.70%	10.27%	-423.24%	11.84%	2.01%	15.84%	26.29%	-25.69%	31.42%	17.55%	0.80%	2.75%	4.23%	15.67%	51.31%	0.00%	0.00%	0.00%	0.00%	-8,618.92%	0.00%	0.00%	0.00%	0.00%
Minority Interest	77M	72M	60M	47M	36M	93M	71M	68M	65M	62M	49M	50M	44M	42M	55M	40M	41M	32M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	44.74%	28.11%	36.72%	34.09%	3,279.88%	51.59%	7.85%	74.78%	150.75%	-144.44%	125.68%	72.79%	2.64%	9.24%	16.29%	30.65%	76.01%	37.59%	0.00%	0.00%	0.00%	0.00%	0.00%	25,453.74%	39,632.42%	30,434.73%
Total Shareholders’ Equity	735M	713M	582M	451M	356M	826M	669M	710M	732M	627M	585M	529M	432M	323M	390M	251M	221M	165M	166M	141M	122M	80M	56M	48M	42M	34M
Return on Total Shareholders’ Equity	4.59%	2.57%	3.40%	7.03%	11.92%	5.81%	0.83%	7.12%	13.29%	-14.20%	10.45%	6.89%	0.27%	1.21%	2.29%	4.90%	13.95%	7.32%	24.32%	21.06%	8.16%	48.34%	23.31%	21.81%	31.37%	27.29%
Total Equity	812M	784M	642M	499M	391M	918M	740M	778M	797M	689M	633M	579M	476M	365M	445M	291M	262M	198M	166M	141M	122M	80M	56M	48M	42M	34M
Return on Total Equity	4.16%	2.35%	3.10%	6.57%	11.57%	5.22%	0.75%	6.50%	12.21%	-12.93%	9.65%	6.29%	0.24%	1.07%	2.01%	4.22%	11.79%	6.13%	24.32%	21.06%	8.16%	48.34%	23.31%	21.79%	31.35%	27.27%
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
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%
Total Investments	48M	38M	25M	18M	14M	42M	80M	23M	25M	17M	14M	8M	9M	15M	13M	2M	4M	6M	13M	0M	0M	0M	0M	0M	0M	9M
Return on Total Investments	112.64%	41.75%	119.87%	4,904.54%	9,950.98%	115.07%	6.94%	215.89%	386.95%	-516.13%	452.25%	430.15%	13.53%	26.44%	67.61%	548.62%	878.12%	187.85%	302.90%	70,451.93%	15,443.42%	54,201.01%	20,164.62%	16,094.71%	19,547.70%	106.01%
Net Debt	720M	720M	584M	480M	371M	711M	689M	759M	805M	637M	437M	421M	417M	476M	485M	394M	382M	406M	64M	122M	108M	46M	23M	24M	23M	26M
Return on Net Debt	4.74%	2.46%	3.79%	9.34%	19.55%	6.74%	0.81%	6.66%	12.09%	-13.99%	13.97%	8.65%	0.28%	0.82%	1.85%	3.12%	8.07%	2.98%	63.65%	24.37%	9.28%	83.81%	56.40%	43.66%	57.74%	35.21%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	35M	22M	22M	23M	22M	48M	6M	51M	97M	-89M	61M	36M	1M	4M	9M	12M	31M	12M	40M	30M	10M	39M	13M	10M	13M	9M
Working Capital	549M	420M	219M	160M	125M	559M	525M	565M	304M	147M	140M	47M	-2M	-28M	-65M	4M	70M	33M	25M	72M	20M	23M	31M	22M	19M	8M
Return on Working Capital	6.20%	-2.04%	2.99%	43.26%	51.27%	8.58%	1.06%	8.95%	31.96%	-60.75%	43.60%	76.85%	-52.96%	-13.71%	-13.68%	336.75%	44.27%	36.34%	160.31%	41.32%	49.92%	167.22%	42.95%	47.69%	68.80%	118.87%
Total Capital	1,920M	1,810M	1,406M	1,118M	871M	1,983M	1,894M	1,883M	1,734M	1,554M	1,139M	1,039M	947M	877M	1,009M	774M	723M	662M	278M	274M	240M	143M	107M	88M	74M	66M
Return on Total Capital	1.80%	1.06%	1.56%	3.25%	6.10%	2.42%	0.29%	2.68%	5.61%	-5.73%	5.36%	3.51%	0.12%	0.44%	0.89%	1.59%	4.26%	1.83%	14.58%	10.87%	4.16%	27.15%	12.26%	11.90%	17.73%	14.04%
Capital Employed	1,932M	1,790M	1,382M	1,101M	855M	2,111M	1,796M	1,889M	1,694M	1,460M	1,230M	1,043M	880M	821M	892M	734M	761M	664M	259M	279M	217M	115M	95M	79M	72M	52M
Return on Capital Employed	1.75%	0.98%	1.50%	3.25%	6.62%	2.27%	0.31%	2.68%	5.74%	-6.10%	4.97%	3.50%	0.13%	0.47%	1.00%	1.67%	4.05%	1.82%	15.61%	10.66%	4.60%	33.81%	13.83%	13.26%	18.06%	17.75%
Invested Capital	1,454M	1,433M	1,166M	931M	727M	1,536M	1,358M	1,469M	1,537M	1,264M	1,022M	951M	849M	799M	875M	645M	604M	571M	225M	263M	230M	126M	79M	72M	64M	60M
Return on Invested Capital	2.32%	1.25%	1.77%	3.74%	7.13%	3.12%	0.41%	3.44%	6.33%	-7.05%	5.98%	3.84%	0.14%	0.49%	1.02%	1.90%	5.11%	2.12%	18.00%	11.30%	4.34%	30.66%	16.49%	14.54%	20.33%	15.37%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	35M	22M	22M	23M	22M	36M	34M	48M	6M	51M	97M	-89M	61M	36M	1M	4M	9M	12M	31M	12M	40M	30M	10M	39M	13M	10M	13M	9M
Depreciation & Amortization	88M	94M	77M	61M	47M	100M	88M	91M	85M	89M	101M	101M	76M	64M	55M	57M	55M	44M	38M	31M	10M	11M	8M	7M	6M	5M	5M	5M
Return on Depreciation & Amortization	38.65%	24.72%	28.59%	74.35%	127.24%	36.53%	38.70%	52.62%	6.53%	56.78%	95.96%	-88.31%	80.43%	56.62%	2.12%	6.79%	16.38%	28.20%	80.22%	38.61%	422.29%	259.96%	122.89%	587.54%	233.46%	219.76%	265.98%	176.72%
Deferred Income Tax	22M	13M	7M	5M	3M	1M	21M	37M	29M	0M	0M	0M	0M	0M	0M	0M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M
Return on Deferred Income Tax	49.42%	-4,426.90%	-2,175.45%	-1,450.30%	-1,087.73%	5,224.60%	165.58%	128.89%	19.35%	0.00%	0.00%	-22,282.74%	0.00%	0.00%	0.00%	0.00%	379.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	685.73%
Stock-Based Compensation	3M	2M	1M	1M	0M	0M	0M	3M	0M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	773.85%	984,024.31%	997,856.11%	677,167.85%	507,875.89%	0.00%	0.00%	1,411.83%	0.00%	909.70%	0.00%	4,917,800.00%	0.00%	5,033,125.00%	5,002.34%	20,312.26%	0.00%	0.00%	160,687.74%	18,268.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	225M	87M	30M	15M	9M	-28M	214M	205M	307M	162M	-219M	-19M	-20M	-28M	-37M	-9M	-44M	22M	18M	-47M	-21M	-43M	9M	-41M	-5M	-1M	-10M	-1M
Return on Change in Working Capital	18.81%	96.03%	-2.03%	-5.28%	-112.41%	-130.90%	16.01%	23.37%	1.81%	31.25%	-44.35%	468.08%	-306.68%	-128.64%	-3.11%	-41.47%	-20.54%	56.85%	169.47%	-25.53%	-190.05%	-69.69%	116.56%	-94.33%	-289.85%	-1,765.89%	-135.42%	-763.15%
Accounts Receivable	32M	-9M	-14M	-10M	-7M	55M	31M	40M	144M	-86M	-116M	-27M	23M	-25M	-24M	-23M	-48M	5M	-8M	0M	0M	0M	6M	0M	0M	5M	0M	-11M
Return on Accounts Receivable	21.91%	63.03%	39.19%	16.33%	31.39%	66.22%	111.22%	120.75%	3.88%	-58.89%	-83.86%	333.28%	264.52%	-146.93%	-4.78%	-17.31%	-18.74%	233.75%	-380.76%	0.00%	0.00%	0.00%	170.81%	0.00%	0.00%	212.01%	0.00%	-87.22%
Inventory	48M	-26M	-23M	-19M	-14M	-26M	41M	44M	56M	43M	-258M	-18M	28M	-26M	-47M	-14M	-35M	-12M	-1M	-8M	-11M	-22M	8M	-13M	-9M	4M	2M	-13M
Return on Inventory	78.18%	140.05%	72.11%	-183.26%	-100.64%	-141.58%	83.55%	108.31%	9.98%	116.25%	-37.74%	503.43%	216.09%	-139.08%	-2.44%	-27.97%	-25.70%	-101.25%	-2,725.26%	-144.51%	-363.50%	-135.49%	123.49%	-300.08%	-143.56%	292.75%	763.45%	-69.79%
Accounts Payable	153M	127M	71M	47M	35M	-47M	183M	159M	124M	176M	138M	36M	0M	23M	22M	12M	21M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-5M	6M
Return on Accounts Payable	21.11%	-22.82%	12.69%	8.46%	-5.66%	-77.68%	18.70%	30.19%	4.50%	28.64%	70.27%	-247.70%	0.00%	161.37%	5.30%	32.45%	41.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-240.10%	166.25%
Other Working Capital	-9M	-4M	-5M	-4M	-5M	-10M	-41M	-38M	-16M	28M	16M	-11M	-71M	0M	13M	15M	18M	28M	27M	-39M	-10M	-21M	-5M	-28M	5M	-9M	-6M	17M
Return on Other Working Capital	6.70%	294.24%	4,048.79%	2,671.37%	1,984.78%	-356.64%	-83.46%	-127.50%	-35.37%	182.99%	608.41%	842.65%	-85.70%	39,016.47%	9.23%	25.92%	50.76%	43.12%	112.44%	-31.01%	-398.28%	-143.50%	-186.13%	-137.57%	284.46%	-114.96%	-220.79%	54.14%
Other Non-Cash Items	-14M	-10M	-5M	-2M	-1M	6M	0M	13M	-66M	11M	-24M	15M	-13M	20M	23M	-18M	-8M	-3M	-5M	9M	27M	-4M	-12M	1M	3M	1M	3M	1M
Return on Other Non-Cash Items	274.39%	-37.90%	-59.49%	-142.32%	184.16%	656.23%	-9,307.64%	366.61%	-8.48%	465.04%	-407.64%	-605.01%	-460.62%	183.86%	5.05%	-21.48%	-112.24%	-458.48%	-612.85%	131.04%	148.00%	-747.58%	-82.30%	4,270.78%	430.11%	718.48%	480.87%	811.92%
Net Cash from Operating Activities	366M	218M	145M	115M	89M	123M	360M	398M	361M	340M	-28M	20M	119M	111M	55M	46M	27M	84M	90M	12M	78M	7M	19M	3M	17M	16M	11M	16M
Return on Net Cash from Operating Activities	9.48%	-149.93%	-62.21%	0.81%	73.87%	29.55%	9.50%	12.05%	1.54%	14.85%	-343.54%	-434.55%	51.31%	32.75%	2.11%	8.48%	32.92%	14.64%	34.31%	97.74%	52.04%	435.48%	52.15%	1,153.77%	76.00%	65.04%	118.27%	58.69%
Capital Expenditures (PPE)	-95M	-86M	-74M	-63M	-53M	-102M	-108M	-107M	-91M	-88M	-85M	-57M	-83M	-80M	-41M	-53M	-58M	-54M	-45M	-45M	-36M	-17M	-53M	-21M	-12M	-12M	-15M	-10M
Return on Capital Expenditures (PPE)	-36.17%	-13.54%	-21.24%	-41.01%	-54.99%	-35.70%	-31.64%	-44.97%	-6.11%	-57.42%	-114.22%	155.04%	-73.50%	-45.40%	-2.84%	-7.42%	-15.53%	-22.54%	-68.69%	-26.88%	-113.19%	-171.49%	-18.93%	-188.80%	-105.86%	-85.28%	-85.86%	-93.58%
Acquisitions (Net)	-3M	-2M	-2M	-1M	-1M	0M	0M	-4M	-5M	0M	0M	0M	-7M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Acquisitions (Net)	-450.54%	-270.33%	-217.78%	-145.19%	-108.89%	0.00%	0.00%	-1,228.62%	-123.01%	0.00%	0.00%	0.00%	-826.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0M	0M	-1M	-14M	-10M	0M	0M	0M	0M	0M	0M	0M	-11M	0M	0M	0M	0M	0M	0M	-197M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Purchases of Investments	0.00%	0.00%	-55.38%	-37.33%	-28.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-553.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	0M	0M	0M	1M	1M	0M	0M	0M	0M	0M	0M	0M	4M	0M	0M	0M	0M	0M	0M	8M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	0.00%	0.00%	167.94%	121.68%	91.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,679.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	145.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	-1M	-2M	-1M	-1M	-1M	-2M	-8M	-2M	0M	-1M	-3M	-3M	3M	-5M	-2M	3M	-1M	2M	0M	0M	0M	0M	-4M	-1M	0M	0M	0M	0M
Return on Other Investing Activities	-4,438.27%	-2,864.02%	-1,424.19%	-1,845.08%	-4,055.64%	-1,560.00%	-418.87%	-2,079.33%	-1,526.73%	-9,708.77%	-3,649.10%	2,643.84%	2,072.70%	-738.29%	-53.22%	137.73%	-1,340.74%	492.85%	-13,927.15%	0.00%	0.00%	0.00%	-264.07%	-3,787.93%	0.00%	-49,384.62%	0.00%	0.00%
Net Cash from Investing Activities	-99M	-89M	-78M	-77M	-64M	-104M	-116M	-113M	-96M	-89M	-88M	-61M	-95M	-85M	-43M	-50M	-58M	-52M	-45M	-234M	-36M	-17M	-57M	-22M	-12M	-12M	-15M	-10M
Return on Net Cash from Investing Activities	-35.12%	-13.94%	-20.27%	-38.97%	-52.94%	-34.90%	-29.41%	-42.50%	-5.80%	-57.08%	-110.76%	146.45%	-64.34%	-42.77%	-2.70%	-7.84%	-15.35%	-23.62%	-68.35%	-5.17%	-113.19%	-171.49%	-17.66%	-179.84%	-105.86%	-85.14%	-85.86%	-93.58%
Net Debt Issuance	25M	64M	27M	37M	33M	-49M	-175M	-181M	51M	206M	29M	216M	34M	-20M	-78M	-6M	15M	-2M	-16M	279M	20M	15M	60M	12M	11M	8M	3M	5M
Return on Net Debt Issuance	3.02%	59.86%	29.16%	-14.80%	42.32%	-74.15%	-19.54%	-26.50%	11.02%	24.54%	331.44%	-41.20%	178.91%	-180.41%	-1.48%	-64.75%	59.97%	-727.22%	-198.17%	4.34%	207.47%	200.04%	16.73%	326.24%	121.97%	132.44%	471.04%	175.33%
Long-Term Debt Issuance	27M	27M	8M	25M	23M	-55M	-177M	-181M	51M	212M	-163M	216M	34M	-20M	-78M	-6M	15M	-2M	-16M	279M	20M	15M	60M	12M	11M	8M	3M	5M
Return on Long-Term Debt Issuance	2.79%	-18.48%	-10.02%	-40.91%	22.74%	-65.80%	-19.35%	-26.50%	11.02%	23.85%	-59.59%	-41.20%	178.91%	-180.41%	-1.48%	-64.75%	59.97%	-727.22%	-198.17%	4.34%	207.47%	200.04%	16.73%	326.24%	121.97%	132.44%	471.04%	175.33%
Short-Term Debt Issuance	-2M	37M	19M	12M	9M	6M	2M	0M	0M	-6M	193M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	-284.95%	-160.87%	-80.43%	-53.62%	-40.22%	584.80%	1,984.78%	0.00%	0.00%	-854.84%	50.51%	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%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-2M	-1M	0M	0M	0M	0M	-1M	-1M	-3M	-2M	0M	0M	7M	-2M	-1M	0M	0M	0M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M
Return on Net Stock Issuance	-2,108.30%	-1,264.98%	-808.13%	-1,053.54%	-790.15%	0.00%	-2,771.53%	-3,884.93%	-218.10%	-2,221.87%	0.00%	0.00%	913.20%	-1,531.92%	-138.59%	-999.12%	0.00%	0.00%	0.00%	-3,491.59%	-4,230.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Issuance	0M	0M	60M	40M	30M	0M	0M	0M	0M	0M	0M	0M	7M	0M	105M	0M	491M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Issuance	0.00%	0.00%	84.78%	56.52%	42.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	844.90%	0.00%	1.11%	0.00%	1.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Repurchased	-2M	-1M	-2M	-1M	-1M	0M	-1M	-1M	-3M	-2M	0M	0M	-1M	-2M	-1M	0M	-5M	0M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	-2,108.30%	-1,264.98%	-2,046.38%	-1,879.04%	-1,409.28%	0.00%	-2,771.53%	-3,884.93%	-218.10%	-2,221.87%	0.00%	0.00%	-11,296.79%	-1,531.92%	-138.59%	-999.12%	-172.48%	0.00%	0.00%	-3,491.59%	-4,230.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0M	0M	-10M	-7M	-5M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-105M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	0.00%	-0.11%	-0.07%	-0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.11%	0.00%	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	-19M	-16M	-12M	-11M	-10M	-19M	-2M	-2M	-19M	-36M	0M	-23M	-20M	-7M	-2M	-4M	-5M	-14M	-5M	-16M	-12M	-4M	-14M	-5M	-4M	-5M	-3M	0M
Return on Net Dividends Paid	-727.81%	-359.13%	-299.84%	-331.32%	-343.50%	-193.01%	-1,446.70%	-2,015.37%	-29.20%	-138.86%	0.00%	387.77%	-310.44%	-555.44%	-61.30%	-103.09%	-172.48%	-85.69%	-661.78%	-77.30%	-341.97%	-804.71%	-69.60%	-804.44%	-316.42%	-203.56%	-506.08%	0.00%
Common Dividends Paid	-19M	-16M	-12M	-11M	-10M	-19M	-2M	-2M	-19M	-36M	0M	-23M	-20M	-7M	-2M	-4M	-5M	-14M	-5M	-16M	-12M	-4M	-14M	-5M	-4M	-5M	-3M	0M
Return on Common Dividends Paid	-727.81%	-359.13%	-299.84%	-331.32%	-343.50%	-193.01%	-1,446.70%	-2,015.37%	-29.20%	-138.86%	0.00%	387.77%	-310.44%	-555.44%	-61.30%	-103.09%	-172.48%	-85.69%	-661.78%	-77.30%	-341.97%	-804.71%	-69.60%	-804.44%	-316.42%	-203.56%	-506.08%	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	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%	0.00%	0.00%	0.00%
Other Financing Activities	-184M	-163M	-80M	-55M	-41M	-82M	-227M	-228M	-151M	-174M	-243M	-18M	-21M	-20M	81M	-14M	-10M	-10M	-6M	0M	0M	-6M	-5M	0M	0M	0M	0M	0M
Return on Other Financing Activities	-17.92%	82.01%	-16.56%	-90.24%	-78.40%	-44.33%	-15.04%	-21.05%	-3.68%	-29.02%	-40.04%	503.86%	-284.88%	-177.93%	1.43%	-27.72%	-86.56%	-117.11%	-542.99%	0.00%	0.00%	-527.87%	-214.38%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Financing Activities	-180M	-116M	-65M	-29M	-19M	-150M	-406M	-412M	-122M	-7M	-214M	176M	0M	-50M	0M	-24M	-1M	-26M	-26M	263M	7M	6M	41M	7M	7M	3M	0M	5M
Return on Net Cash from Financing Activities	-250.45%	-169.53%	-2,330.88%	-1,488.66%	-718.70%	-24.26%	-8.42%	-11.63%	-4.55%	-735.18%	-45.55%	-50.74%	-21,222.33%	-73.44%	330.05%	-16.07%	-1,479.35%	-46.33%	-119.06%	4.60%	602.66%	537.08%	24.55%	548.82%	198.48%	379.11%	6,804.81%	175.33%
Effect of FX on Cash	-4M	10M	8M	7M	5M	2M	32M	37M	-20M	-28M	23M	39M	5M	13M	8M	-28M	36M	5M	10M	2M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Effect of FX on Cash	-26.44%	22.05%	163.11%	1,407.07%	914.66%	1,722.30%	105.75%	130.16%	-27.33%	-182.14%	420.85%	-231.28%	1,222.19%	273.06%	14.60%	-14.06%	25.05%	268.09%	300.56%	646.59%	31,381.46%	-13,121.74%	-2,812.91%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	83M	66M	32M	29M	22M	-129M	-130M	-90M	122M	217M	-94M	174M	29M	-10M	20M	-56M	4M	10M	29M	43M	42M	0M	3M	-11M	11M	7M	-4M	0M
Return on Net Change in Cash	-8.42%	-36.07%	-10.39%	484.89%	360.62%	-28.21%	-26.35%	-53.06%	4.55%	23.26%	-103.85%	-51.26%	211.91%	-356.78%	5.73%	-7.00%	222.61%	123.57%	105.88%	28.08%	95.55%	7,024.09%	341.97%	-348.22%	114.29%	159.55%	-328.41%	0.00%
Cash at Beginning of Period	383M	311M	208M	158M	122M	1,524M	1,914M	537M	414M	197M	291M	117M	88M	98M	78M	134M	130M	120M	91M	48M	10M	10M	7M	27M	16M	9M	13M	0M
Return on Cash at Beginning of Period	11.97%	-1.35%	11.09%	57.67%	71.89%	2.39%	1.79%	8.94%	1.34%	25.63%	33.46%	-76.11%	69.30%	37.05%	1.48%	2.91%	6.88%	10.23%	33.97%	25.40%	387.65%	296.83%	140.72%	141.30%	82.10%	111.20%	97.57%	0.00%
Cash at End of Period	466M	377M	240M	187M	144M	1,395M	1,784M	446M	537M	414M	197M	291M	117M	88M	98M	78M	134M	130M	120M	91M	53M	10M	10M	16M	27M	16M	9M	6M
Return on Cash at End of Period	7.99%	8.54%	14.91%	37.27%	57.43%	2.61%	1.92%	10.75%	1.04%	12.20%	49.37%	-30.63%	52.22%	41.35%	1.18%	4.99%	6.68%	9.45%	25.72%	13.34%	76.65%	284.80%	99.69%	237.79%	47.78%	65.53%	138.81%	161.53%
Operating Cash Flow	366M	261M	167M	129M	100M	123M	360M	398M	361M	340M	185M	20M	119M	111M	55M	50M	27M	84M	90M	12M	78M	7M	19M	3M	17M	16M	11M	16M
Return on Operating Cash Flow	9.48%	-70.68%	-22.66%	27.18%	93.64%	29.55%	9.50%	12.05%	1.54%	14.85%	52.69%	-434.55%	51.31%	32.75%	2.11%	7.78%	32.92%	14.64%	34.31%	97.74%	52.04%	435.48%	52.15%	1,153.77%	76.00%	65.04%	118.27%	58.69%
Capital Expenditure	-96M	-87M	-76M	-64M	-54M	-101M	-109M	-107M	-91M	-89M	-85M	-61M	-88M	-85M	-43M	-53M	-58M	-55M	-45M	-45M	-36M	-17M	-56M	-21M	-12M	-12M	-15M	-10M
Return on Capital Expenditure	-35.99%	-15.15%	-21.37%	-41.17%	-55.05%	-35.94%	-31.29%	-44.80%	-6.08%	-57.08%	-114.22%	146.45%	-69.77%	-42.77%	-2.70%	-7.34%	-15.35%	-22.41%	-68.35%	-27.03%	-113.19%	-172.94%	-17.68%	-188.80%	-105.86%	-85.28%	-85.86%	-93.58%
Free Cash Flow	271M	174M	90M	65M	46M	22M	251M	291M	270M	252M	97M	-40M	32M	26M	12M	-3M	-31M	29M	45M	-33M	42M	-11M	-37M	-17M	5M	4M	-4M	6M
Return on Free Cash Flow	12.87%	72.00%	54.66%	28.94%	20.59%	166.20%	13.63%	16.48%	2.07%	20.07%	100.51%	220.90%	193.87%	139.83%	9.71%	-128.06%	-28.77%	42.25%	68.89%	-37.07%	96.31%	-282.88%	-26.70%	-225.74%	269.41%	273.96%	-313.29%	157.43%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	42M	33M	35M	35M	31M	45M	38M	48M	6M	73M	114M	-76M	76M	55M	15M	16M	22M	21M	38M	19M	62M	42M	15M	37M	13M	10M	13M	9M
EBITDA	282M	249M	203M	166M	133M	279M	285M	303M	244M	298M	336M	62M	198M	185M	129M	141M	135M	116M	117M	84M	83M	57M	35M	49M	28M	25M	32M	24M
Return on EBITDA	14.21%	-9.14%	6.17%	18.93%	26.56%	16.21%	13.28%	15.83%	2.28%	24.53%	33.83%	-122.15%	38.49%	30.02%	11.29%	11.49%	16.04%	18.48%	32.64%	22.75%	75.25%	73.25%	41.42%	76.12%	46.10%	42.10%	41.35%	37.87%
(-) Tax Adjustment	120M	95M	70M	54M	42M	75M	113M	106M	146M	106M	116M	0M	33M	67M	60M	48M	13M	31M	14M	19M	29M	17M	11M	-2M	11M	9M	13M	8M
Return on (-) Tax Adjustment	39.24%	-4,580.63%	-2,236.87%	-1,430.85%	-1,127.23%	60.54%	33.55%	45.11%	3.80%	68.82%	98.11%	-23,119.02%	229.46%	82.69%	24.39%	33.89%	164.04%	68.95%	267.76%	103.06%	215.79%	250.34%	131.27%	-1,550.15%	121.91%	111.67%	103.50%	122.63%
(-) Change In Working Capital	225M	87M	30M	15M	9M	-28M	214M	205M	307M	162M	-219M	-19M	-20M	-28M	-37M	-9M	-44M	22M	18M	-47M	-21M	-43M	9M	-41M	-5M	-1M	-10M	-1M
Return on (-) Change In Working Capital	23.49%	83.68%	-42.08%	-36.15%	-132.65%	-162.24%	17.74%	23.37%	1.81%	45.28%	-51.75%	399.68%	-383.00%	-195.62%	-38.98%	-171.67%	-49.86%	99.00%	210.24%	-40.36%	-291.81%	-98.52%	170.29%	-89.91%	-289.85%	-1,765.89%	-135.42%	-763.15%
(-) Capital Expenditure	-96M	-87M	-76M	-64M	-54M	-101M	-109M	-107M	-91M	-89M	-85M	-61M	-88M	-85M	-43M	-53M	-58M	-55M	-45M	-45M	-36M	-17M	-56M	-21M	-12M	-12M	-15M	-10M
Return on (-) Capital Expenditure	-44.53%	-28.37%	-39.54%	-65.35%	-73.15%	-44.54%	-34.67%	-44.80%	-6.08%	-82.71%	-133.30%	125.05%	-87.14%	-65.03%	-33.78%	-30.37%	-37.28%	-39.03%	-84.79%	-42.73%	-173.80%	-244.47%	-25.82%	-179.96%	-105.86%	-85.28%	-85.86%	-93.58%
Unlevered Free Cash Flow	-158M	-20M	28M	33M	28M	130M	-151M	-116M	-301M	-58M	354M	20M	97M	61M	63M	49M	107M	8M	40M	68M	39M	66M	-41M	72M	10M	4M	13M	8M
Return on Unlevered Free Cash Flow	-56.43%	-102.96%	-26.91%	22.28%	42.79%	34.61%	-25.17%	-41.50%	-1.85%	-125.95%	32.06%	-377.56%	78.39%	91.34%	22.93%	32.85%	20.22%	256.88%	96.61%	28.07%	158.04%	63.62%	-35.62%	51.69%	133.47%	274.75%	97.46%	112.63%
(-) Net Interest Income After Taxes	-56M	-51M	-43M	-35M	-27M	-75M	-60M	-68M	-34M	-68M	-44M	-42M	-26M	-25M	-23M	-42M	-54M	-35M	-33M	-20M	-1M	-4M	-2M	-5M	-2M	-2M	-3M	-4M
Return on (-) Net Interest Income After Taxes	-65.06%	-55.25%	-93.14%	-430.69%	-494.87%	-60.41%	-63.08%	-70.94%	-16.50%	-107.73%	-260.16%	179.06%	-295.97%	-218.40%	-62.63%	-37.99%	-40.18%	-60.41%	-116.55%	-93.93%	-4,146.27%	-1,111.75%	-907.64%	-705.25%	-721.15%	-618.08%	-484.94%	-225.71%
Net Debt Issuance	25M	64M	27M	37M	33M	-49M	-175M	-181M	51M	206M	29M	216M	34M	-20M	-78M	-6M	15M	-2M	-16M	279M	20M	15M	60M	12M	11M	8M	3M	5M
Return on Net Debt Issuance	6.69%	74.34%	17.98%	-48.28%	16.83%	-91.89%	-21.66%	-26.50%	11.02%	35.56%	386.79%	-35.18%	223.44%	-274.34%	-18.56%	-268.04%	145.60%	-1,266.44%	-245.84%	6.86%	318.57%	282.78%	24.45%	310.97%	121.97%	132.44%	471.04%	175.33%
Levered Free Cash Flow	-77M	95M	97M	105M	87M	156M	-266M	-229M	-217M	216M	427M	279M	157M	66M	8M	86M	176M	42M	57M	368M	60M	85M	20M	89M	22M	13M	19M	18M
Return on Levered Free Cash Flow	3.47%	1.95%	34.92%	41.68%	47.23%	28.93%	-14.27%	-20.95%	-2.57%	33.94%	26.58%	-27.28%	48.52%	84.16%	175.64%	18.86%	12.31%	50.87%	67.28%	5.21%	103.01%	49.62%	71.77%	41.70%	58.56%	78.08%	69.22%	52.60%