Franklin Financial Services Corporation (FRAF)

Category: Company Returns Sector: Financial Services Industry: Banks - Regional Live Price: $53.15

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	13M	14M	11M	10M	9M	9M	8M	16M	14M	11M	14M	15M	20M	13M	16M	6M	2M	8M	10M	8M	6M	5M	7M	8M	7M	9M	9M	8M	6M	5M	6M	6M	6M	5M	5M	5M	4M	4M	4M
Revenue	91M	80M	66M	60M	58M	53M	48M	126M	112M	114M	90M	70M	64M	60M	63M	56M	51M	48M	46M	45M	45M	48M	52M	52M	53M	55M	60M	49M	37M	32M	33M	33M	37M	37M	34M	19M	17M	15M	15M
Return on Revenue	15.35%	19.61%	17.77%	16.56%	16.21%	16.14%	17.46%	12.48%	12.54%	9.75%	15.05%	21.26%	30.66%	21.36%	25.56%	10.84%	4.26%	16.94%	21.97%	18.59%	13.74%	11.19%	12.72%	14.54%	12.51%	15.65%	15.53%	15.40%	16.65%	16.27%	17.90%	16.74%	15.12%	13.35%	15.04%	25.46%	24.98%	26.68%	28.02%
Cost of Revenue	26M	17M	12M	12M	13M	14M	14M	49M	42M	46M	26M	6M	1M	9M	7M	14M	3M	6M	4M	4M	7M	12M	17M	16M	18M	17M	25M	20M	13M	10M	11M	13M	17M	19M	16M	14M	13M	12M	12M
Return on Cost of Revenue	115.91%	588.48%	368.72%	274.52%	216.37%	181.50%	156.94%	31.87%	33.48%	24.17%	52.61%	270.96%	2,445.89%	148.79%	219.25%	43.23%	68.84%	134.34%	279.10%	213.03%	85.39%	44.28%	39.39%	48.55%	36.36%	49.88%	37.34%	37.48%	48.51%	53.53%	54.32%	42.90%	32.42%	26.82%	32.26%	33.81%	33.15%	35.29%	36.30%
Gross Profit	66M	62M	54M	49M	44M	40M	34M	76M	70M	68M	65M	65M	63M	51M	56M	42M	48M	42M	43M	41M	38M	36M	35M	37M	35M	38M	35M	29M	24M	22M	22M	20M	20M	19M	18M	5M	4M	4M	3M
Return on Gross Profit	20.16%	23.29%	20.77%	19.93%	20.94%	22.05%	33.88%	20.51%	20.05%	16.34%	21.07%	23.07%	31.05%	24.94%	28.94%	14.47%	4.54%	19.39%	23.85%	20.37%	16.37%	14.97%	18.78%	20.75%	19.07%	22.80%	26.59%	26.14%	25.35%	23.38%	26.70%	27.45%	28.35%	26.59%	28.17%	103.16%	101.32%	109.38%	122.91%
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	33M	30M	26M	23M	21M	18M	16M	38M	35M	36M	32M	31M	27M	25M	24M	22M	20M	19M	19M	19M	19M	19M	18M	16M	17M	15M	13M	11M	10M	9M	8M	8M	7M	7M	7M	6M	6M	6M	6M
Return on SG&A Expenses	40.66%	49.30%	44.74%	42.43%	46.78%	51.22%	54.69%	40.72%	39.84%	30.53%	42.85%	48.59%	72.52%	52.02%	67.14%	27.59%	10.72%	41.63%	53.84%	43.51%	32.88%	28.06%	37.29%	47.24%	39.02%	55.78%	72.17%	69.42%	62.87%	56.48%	71.13%	72.63%	76.67%	67.96%	73.91%	85.57%	67.81%	64.42%	68.51%
Operating Expenses	50M	46M	41M	37M	33M	29M	25M	57M	53M	55M	49M	47M	40M	38M	37M	36M	42M	32M	30M	31M	31M	30M	28M	26M	26M	25M	23M	19M	17M	16M	15M	14M	13M	13M	12M	-2M	-1M	-2M	-2M
Return on Operating Expenses	26.60%	32.42%	28.67%	26.99%	28.99%	31.04%	-6.63%	27.45%	26.37%	20.33%	27.88%	31.61%	48.84%	33.44%	43.92%	16.84%	5.15%	25.02%	33.67%	27.24%	20.40%	17.90%	23.46%	29.13%	25.40%	33.81%	40.61%	39.23%	35.83%	32.46%	39.84%	41.19%	43.53%	39.38%	43.21%	-291.04%	-301.52%	-238.14%	-187.40%
Operating Income (EBIT)	16M	17M	14M	12M	11M	10M	10M	19M	17M	13M	16M	17M	23M	13M	19M	6M	6M	9M	12M	10M	8M	6M	7M	11M	9M	12M	12M	10M	7M	6M	7M	7M	7M	6M	6M	6M	6M	6M	6M
Return on Operating Income (EBIT)	85.02%	87.66%	83.18%	83.52%	82.08%	82.07%	81.13%	81.05%	83.65%	83.36%	86.32%	85.38%	85.24%	98.02%	84.84%	102.77%	37.90%	86.13%	81.80%	80.73%	82.80%	91.29%	94.11%	72.16%	76.61%	70.02%	77.04%	78.31%	86.71%	83.65%	80.96%	82.33%	81.28%	81.91%	80.95%	76.16%	75.84%	74.95%	74.23%
Interest Income	78M	65M	53M	48M	47M	43M	40M	111M	96M	101M	77M	56M	48M	46M	49M	45M	40M	37M	35M	35M	36M	39M	42M	43M	44M	46M	49M	41M	30M	25M	25M	27M	31M	32M	29M	27M	26M	25M	25M
Return on Interest Income	18.41%	24.87%	22.76%	21.08%	20.39%	20.24%	19.69%	14.07%	14.73%	11.02%	17.73%	26.47%	41.25%	27.87%	32.75%	13.66%	5.46%	21.88%	29.54%	24.22%	17.33%	13.73%	15.75%	17.61%	15.10%	18.74%	18.70%	18.51%	20.57%	20.93%	23.47%	20.35%	17.87%	15.43%	17.34%	17.50%	16.58%	16.64%	16.74%
Interest Expense	24M	16M	10M	9M	11M	11M	12M	46M	40M	44M	23M	5M	3M	4M	7M	4M	2M	2M	2M	3M	4M	7M	9M	12M	15M	16M	24M	20M	12M	9M	9M	12M	16M	18M	15M	13M	12M	11M	11M
Return on Interest Expense	130.41%	277.79%	263.88%	217.08%	174.08%	148.63%	129.88%	34.03%	35.39%	25.26%	58.80%	307.18%	675.95%	321.77%	226.56%	145.35%	87.35%	360.22%	430.37%	264.21%	142.35%	77.87%	71.76%	61.17%	44.88%	53.59%	38.90%	37.93%	50.21%	58.87%	64.48%	47.22%	35.47%	27.95%	33.98%	36.54%	35.69%	37.22%	37.28%
Net Interest Income	54M	50M	44M	40M	36M	32M	29M	65M	56M	57M	54M	52M	45M	42M	42M	41M	37M	35M	32M	32M	32M	32M	33M	31M	29M	30M	26M	21M	18M	16M	16M	16M	16M	15M	14M	14M	14M	14M	14M
Return on Net Interest Income	24.63%	29.67%	26.25%	24.70%	26.45%	28.19%	28.84%	23.98%	25.23%	19.53%	25.38%	28.97%	43.93%	30.52%	38.28%	15.08%	5.82%	23.29%	31.71%	26.66%	19.73%	16.68%	20.18%	24.72%	22.76%	28.81%	36.03%	36.14%	34.85%	32.47%	36.90%	35.75%	36.04%	34.46%	35.42%	33.57%	30.98%	30.10%	30.37%
Unusual Items	-54M	-50M	-44M	-40M	-36M	-32M	-29M	-65M	-56M	-57M	-54M	-52M	-45M	-42M	-42M	-41M	-37M	-35M	-32M	-32M	-32M	-32M	-33M	-31M	-29M	-30M	-26M	-21M	-18M	-16M	-16M	-16M	-16M	-15M	-14M	-14M	-14M	-14M	-14M
Return on Unusual Items	-24.63%	-29.67%	-26.25%	-24.70%	-26.45%	-28.19%	-28.84%	-23.98%	-25.23%	-19.53%	-25.38%	-28.97%	-43.93%	-30.52%	-38.28%	-15.08%	-5.82%	-23.29%	-31.71%	-26.66%	-19.73%	-16.68%	-20.18%	-24.72%	-22.76%	-28.81%	-36.03%	-36.14%	-34.85%	-32.47%	-36.90%	-35.75%	-36.04%	-34.46%	-35.42%	-33.57%	-30.98%	-30.10%	-30.37%
EBT Excluding Unusual Items	70M	66M	57M	51M	47M	42M	38M	85M	73M	70M	69M	69M	68M	55M	61M	47M	43M	44M	45M	42M	39M	38M	40M	41M	38M	42M	38M	31M	25M	22M	23M	22M	22M	21M	21M	21M	20M	19M	19M
Return on EBT Excluding Unusual Items	19.02%	21.87%	19.51%	18.68%	19.61%	20.61%	20.94%	18.51%	19.39%	15.82%	19.61%	21.63%	28.99%	23.27%	26.38%	13.15%	5.05%	18.34%	22.85%	20.04%	15.93%	14.10%	16.62%	18.41%	17.55%	20.41%	24.55%	24.73%	24.86%	23.39%	25.35%	24.93%	24.97%	24.26%	24.64%	23.30%	22.00%	21.47%	21.55%
Pre-Tax Income	16M	17M	14M	12M	11M	10M	10M	19M	17M	13M	16M	17M	23M	13M	19M	6M	6M	9M	12M	10M	8M	6M	7M	11M	9M	12M	12M	10M	7M	6M	7M	7M	7M	6M	6M	6M	6M	6M	6M
Return on Pre-Tax Income	85.02%	87.66%	83.18%	83.52%	82.08%	82.07%	81.13%	81.05%	83.65%	83.36%	86.32%	85.38%	85.24%	98.02%	84.84%	102.77%	37.90%	86.13%	81.80%	80.73%	82.80%	91.29%	94.11%	72.16%	76.61%	70.02%	77.04%	78.31%	86.71%	83.65%	80.96%	82.33%	81.28%	81.91%	80.95%	76.16%	75.84%	74.95%	74.23%
Income Tax Expense	2M	2M	2M	2M	2M	2M	2M	4M	3M	2M	2M	3M	3M	0M	3M	0M	4M	1M	2M	2M	1M	1M	0M	3M	2M	4M	3M	2M	1M	1M	1M	1M	1M	1M	1M	2M	1M	1M	1M
Return on Income Tax Expense	572.02%	1,450.92%	523.35%	602.59%	547.43%	529.54%	496.14%	427.59%	511.55%	500.86%	631.00%	584.20%	577.28%	4,961.24%	559.55%	-3,712.12%	61.04%	621.12%	449.32%	418.84%	481.24%	1,047.85%	1,598.30%	259.18%	327.45%	233.56%	335.48%	360.99%	652.29%	511.53%	425.35%	465.97%	434.32%	452.71%	425.00%	319.48%	313.88%	299.27%	288.01%
Depreciation and Amortization	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M	1M	1M	1M	1M	1M	1M	1M	2M	2M	2M	2M	2M	2M	2M	2M	1M	2M	2M	2M	2M	2M	1M	1M	1M	1M	1M	1M	1M
Return on Depreciation and Amortization	748.36%	967.89%	787.29%	639.82%	588.35%	550.38%	556.24%	735.38%	678.05%	531.05%	674.50%	1,039.53%	1,631.95%	962.41%	1,176.28%	460.53%	157.68%	577.64%	661.31%	424.34%	317.47%	271.92%	314.61%	396.05%	322.16%	346.99%	622.04%	503.66%	374.97%	271.69%	283.50%	337.76%	565.62%	533.80%	510.00%	631.41%	562.97%	556.95%	666.51%
EBITDA	17M	18M	15M	13M	13M	12M	11M	21M	19M	15M	18M	19M	24M	14M	20M	7M	7M	11M	14M	12M	9M	8M	9M	12M	11M	15M	14M	11M	9M	8M	9M	8M	8M	7M	7M	7M	7M	6M	6M
Return on EBITDA	75.83%	79.49%	73.89%	71.61%	70.06%	69.45%	69.13%	73.00%	74.46%	72.05%	76.53%	78.90%	81.00%	88.96%	79.13%	84.02%	30.56%	74.96%	72.79%	67.82%	65.67%	68.34%	72.44%	61.04%	61.89%	58.26%	68.55%	67.77%	70.42%	63.96%	62.98%	66.20%	71.07%	71.01%	69.86%	67.96%	66.84%	66.06%	66.79%
NOPAT	13M	14M	11M	10M	9M	9M	8M	16M	14M	11M	14M	15M	20M	13M	16M	6M	2M	8M	10M	8M	6M	5M	7M	8M	7M	9M	9M	8M	6M	5M	6M	6M	6M	5M	5M	5M	4M	4M	4M
Return on NOPAT	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Owner's Earnings	10M	11M	10M	9M	9M	8M	8M	17M	14M	11M	15M	4M	12M	14M	16M	6M	2M	9M	11M	10M	8M	5M	8M	7M	7M	9M	9M	7M	7M	6M	7M	6M	4M	3M	5M	6M	5M	5M	5M
Return on Owner's Earnings	184.60%	162.18%	128.54%	116.17%	111.74%	111.92%	107.85%	94.76%	100.91%	104.49%	89.96%	359.35%	163.32%	93.80%	101.79%	97.33%	89.29%	90.78%	95.31%	83.71%	81.27%	106.43%	82.99%	102.70%	92.64%	101.11%	106.80%	107.74%	84.01%	84.82%	83.98%	93.19%	156.78%	144.38%	94.44%	86.33%	84.92%	84.78%	86.95%

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	13M	14M	11M	10M	9M	9M	8M	11M	14M	15M	20M	13M	16M	6M	2M	8M	10M	8M	6M	5M	7M	8M	7M	9M	9M	8M	6M	5M	6M	6M	6M	5M	5M	5M	4M	4M	4M
Cash & Cash Equivalents	104M	114M	85M	71M	59M	50M	44M	205M	29M	79M	186M	70M	93M	53M	59M	37M	39M	49M	41M	78M	34M	22M	33M	17M	18M	22M	21M	10M	16M	15M	17M	18M	15M	24M	11M	10M	8M
Return on Cash & Cash Equivalents	23.55%	19.91%	18.03%	18.23%	22.98%	25.92%	27.74%	5.41%	46.30%	18.94%	10.57%	18.32%	17.41%	11.57%	3.71%	22.06%	26.05%	17.29%	15.30%	6.89%	19.24%	34.43%	19.81%	51.43%	51.16%	34.18%	29.47%	50.86%	37.40%	38.24%	33.82%	28.18%	33.55%	19.69%	40.16%	40.20%	50.69%
Short-Term Investments	426M	441M	295M	236M	177M	142M	118M	319M	473M	487M	530M	397M	187M	131M	127M	144M	159M	172M	160M	133M	125M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	3.14%	3.27%	4.33%	4.09%	3.07%	2.46%	2.05%	3.48%	2.88%	3.07%	3.70%	3.22%	8.60%	4.66%	1.71%	5.62%	6.40%	4.89%	3.90%	4.02%	5.24%	0.00%	0.00%	0.00%	0.00%	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	531M	555M	380M	308M	236M	192M	162M	524M	502M	566M	715M	467M	280M	184M	186M	181M	199M	220M	200M	211M	159M	22M	33M	17M	18M	22M	21M	10M	16M	15M	17M	18M	15M	24M	11M	10M	8M
Return on Cash & Short-Term Investments	2.49%	2.59%	3.28%	5.39%	13.34%	18.22%	21.32%	2.12%	2.71%	2.64%	2.74%	2.74%	5.76%	3.32%	1.17%	4.48%	5.14%	3.81%	3.11%	2.54%	4.12%	34.43%	19.81%	51.43%	51.16%	34.18%	29.47%	50.86%	37.40%	38.24%	33.82%	28.18%	33.55%	19.69%	40.16%	40.20%	50.69%
Net Receivables	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 Net Receivables	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	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 Inventory	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 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 Current 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 Current Assets	531M	555M	380M	308M	236M	192M	162M	524M	502M	566M	715M	467M	280M	184M	186M	181M	199M	220M	200M	211M	159M	22M	33M	17M	18M	22M	21M	10M	16M	15M	17M	18M	15M	24M	11M	10M	8M
Return on Total Current Assets	2.49%	2.59%	3.28%	5.39%	13.34%	18.22%	21.32%	2.12%	2.71%	2.64%	2.74%	2.74%	5.76%	3.32%	1.17%	4.48%	5.14%	3.81%	3.11%	2.54%	4.12%	34.43%	19.81%	51.43%	51.16%	34.18%	29.47%	50.86%	37.40%	38.24%	33.82%	28.18%	33.55%	19.69%	40.16%	40.20%	50.69%
Property, Plant & Equipment	34M	29M	22M	20M	18M	17M	15M	33M	33M	36M	24M	18M	19M	14M	14M	14M	15M	15M	16M	17M	16M	17M	16M	16M	14M	13M	9M	10M	10M	10M	9M	7M	6M	6M	6M	7M	6M
Return on Property, Plant & Equipment	38.62%	53.49%	54.01%	50.19%	52.15%	53.76%	57.60%	33.49%	40.93%	41.45%	81.91%	69.65%	84.92%	45.30%	15.84%	57.53%	69.14%	55.84%	38.60%	31.49%	40.95%	45.88%	41.83%	55.01%	66.77%	57.78%	68.70%	54.03%	61.06%	56.91%	59.93%	69.19%	92.73%	81.59%	73.86%	61.62%	74.03%
Goodwill	9M	9M	9M	9M	8M	6M	5M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	146.54%	159.83%	127.28%	110.13%	90.89%	72.71%	60.59%	123.10%	150.82%	165.68%	217.57%	141.97%	178.74%	67.93%	24.13%	89.70%	113.18%	93.19%	69.12%	59.51%	72.86%	84.43%	71.90%	93.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	0M	0M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	1M	2M	2M	2M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Intangible Assets	0.00%	0.00%	0.00%	454.27%	368.75%	295.00%	245.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4,641.99%	892.84%	477.74%	421.63%	379.84%	267.57%	293.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	1,284M	1,168M	1,032M	940M	890M	807M	730M	1,573M	1,242M	1,038M	987M	1,003M	925M	961M	933M	883M	772M	718M	714M	743M	757M	857M	874M	816M	734M	714M	560M	513M	496M	484M	450M	422M	414M	386M	328M	311M	287M
Return on Long-Term Investments	1.08%	1.30%	1.14%	1.06%	1.05%	1.07%	1.12%	0.71%	1.10%	1.44%	1.99%	1.28%	1.74%	0.64%	0.23%	0.92%	1.32%	1.17%	0.87%	0.72%	0.87%	0.89%	0.75%	1.05%	1.26%	1.06%	1.09%	1.01%	1.18%	1.15%	1.24%	1.19%	1.23%	1.25%	1.33%	1.33%	1.45%
Tax Assets	13M	9M	7M	6M	5M	4M	3M	11M	12M	16M	3M	2M	4M	6M	6M	6M	5M	4M	5M	5M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	104.42%	287.66%	233.34%	189.54%	142.16%	113.73%	94.77%	102.47%	115.23%	95.57%	591.91%	533.11%	402.57%	102.22%	37.50%	138.38%	214.46%	194.13%	114.45%	98.24%	102.90%	0.00%	0.00%	0.00%	0.00%	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	41M	39M	36M	38M	38M	35M	31M	48M	39M	36M	35M	36M	32M	35M	33M	35M	36M	35M	39M	40M	41M	45M	45M	42M	43M	38M	31M	31M	29M	24M	23M	18M	10M	9M	9M	8M	12M
Return on Other Non-Current Assets	33.43%	38.44%	31.84%	27.00%	25.04%	24.53%	28.37%	23.09%	35.27%	41.93%	56.01%	35.89%	50.26%	17.41%	6.60%	23.34%	28.56%	24.20%	16.06%	13.31%	15.98%	17.02%	14.68%	20.65%	21.33%	19.76%	19.49%	16.79%	20.26%	23.55%	24.85%	27.07%	50.50%	52.82%	49.85%	50.34%	34.32%
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	1,381M	1,254M	1,106M	1,014M	961M	870M	785M	1,674M	1,334M	1,134M	1,058M	1,068M	989M	1,025M	994M	947M	837M	781M	784M	816M	831M	930M	946M	886M	802M	777M	601M	553M	534M	518M	482M	448M	430M	401M	343M	326M	305M
Return on Total Non-Current Assets	1.00%	1.21%	1.06%	0.98%	0.98%	1.00%	1.04%	0.66%	1.02%	1.32%	1.85%	1.20%	1.63%	0.60%	0.22%	0.85%	1.22%	1.08%	0.79%	0.66%	0.79%	0.82%	0.70%	0.97%	1.15%	0.97%	1.02%	0.94%	1.09%	1.08%	1.16%	1.12%	1.19%	1.20%	1.27%	1.27%	1.37%
Total Assets	1,911M	1,808M	1,486M	1,321M	1,197M	1,062M	948M	2,198M	1,836M	1,700M	1,774M	1,535M	1,269M	1,210M	1,180M	1,127M	1,035M	1,001M	985M	1,027M	990M	952M	979M	902M	820M	799M	621M	563M	550M	532M	499M	466M	445M	425M	354M	336M	313M
Return on Total Assets	0.71%	0.81%	0.77%	0.75%	0.79%	0.84%	0.91%	0.50%	0.74%	0.88%	1.11%	0.83%	1.27%	0.51%	0.18%	0.72%	0.99%	0.84%	0.63%	0.52%	0.66%	0.80%	0.67%	0.95%	1.13%	0.95%	0.98%	0.92%	1.06%	1.05%	1.12%	1.07%	1.15%	1.13%	1.23%	1.23%	1.33%
Accounts Payable	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 Accounts Payable	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt	44M	26M	15M	22M	34M	37M	32M	1M	130M	0M	0M	0M	0M	0M	0M	24M	0M	9M	24M	42M	53M	51M	56M	83M	68M	85M	56M	51M	64M	48M	44M	33M	40M	0M	0M	0M	0M
Return on Short-Term Debt	546.76%	328.05%	167.36%	122.15%	94.39%	77.86%	65.31%	1,629.81%	10.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	33.32%	0.00%	92.54%	26.15%	12.71%	12.37%	14.88%	11.79%	10.34%	13.58%	8.89%	10.90%	10.18%	9.20%	11.65%	12.61%	15.16%	12.85%	0.00%	0.00%	0.00%	0.00%
Tax Payables	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	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 Deferred Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	1,635M	1,569M	1,300M	1,142M	1,007M	880M	782M	1,815M	1,538M	1,551M	1,584M	1,355M	1,125M	1,083M	1,047M	982M	919M	881M	846M	874M	788M	734M	738M	627M	606M	595M	457M	400M	372M	372M	354M	357M	333M	327M	275M	268M	257M
Return on Other Current Liabilities	0.82%	0.93%	0.88%	0.86%	0.97%	1.07%	1.15%	0.61%	0.88%	0.96%	1.24%	0.94%	1.43%	0.57%	0.21%	0.82%	1.11%	0.95%	0.74%	0.61%	0.83%	1.04%	0.89%	1.37%	1.53%	1.27%	1.34%	1.30%	1.57%	1.50%	1.58%	1.40%	1.53%	1.47%	1.59%	1.54%	1.62%
Total Current Liabilities	1,678M	1,595M	1,315M	1,164M	1,041M	917M	814M	1,816M	1,668M	1,551M	1,584M	1,355M	1,125M	1,083M	1,047M	1,006M	919M	890M	870M	917M	841M	785M	794M	711M	674M	680M	513M	451M	436M	420M	398M	390M	373M	327M	275M	268M	257M
Return on Total Current Liabilities	0.80%	0.91%	0.87%	0.85%	0.92%	1.00%	1.08%	0.61%	0.82%	0.96%	1.24%	0.94%	1.43%	0.57%	0.21%	0.80%	1.11%	0.94%	0.72%	0.59%	0.78%	0.97%	0.83%	1.21%	1.37%	1.11%	1.19%	1.15%	1.34%	1.33%	1.40%	1.28%	1.37%	1.47%	1.59%	1.54%	1.62%
Long-Term Debt	91M	65M	33M	32M	41M	43M	39M	224M	24M	26M	24M	25M	5M	0M	0M	0M	0M	0M	12M	12M	48M	71M	95M	106M	60M	38M	49M	52M	56M	60M	50M	29M	30M	31M	21M	15M	6M
Return on Long-Term Debt	39.49%	50.03%	56.24%	45.35%	37.15%	32.03%	31.85%	4.96%	55.55%	57.97%	80.25%	51.43%	312.25%	0.00%	0.00%	0.00%	0.00%	0.00%	50.25%	43.23%	13.59%	10.74%	6.95%	8.10%	15.50%	19.69%	12.59%	9.92%	10.34%	9.35%	11.11%	16.99%	17.17%	15.63%	20.36%	27.71%	73.96%
Capital Lease Obligations	5M	5M	3M	2M	2M	1M	1M	4M	5M	6M	5M	5M	5M	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	261.95%	285.95%	174.20%	116.13%	87.10%	69.68%	58.07%	260.36%	282.35%	243.13%	403.87%	240.06%	312.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	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 Deferred Tax Liabilities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Liabilities	11M	10M	10M	10M	10M	9M	10M	14M	11M	8M	8M	10M	11M	9M	17M	5M	5M	8M	7M	7M	14M	13M	12M	13M	9M	9M	4M	5M	5M	6M	5M	3M	3M	28M	22M	18M	16M
Return on Other Non-Current Liabilities	127.93%	150.80%	134.95%	115.53%	109.65%	110.92%	101.65%	82.12%	118.78%	182.91%	247.15%	123.05%	145.49%	71.54%	12.44%	177.35%	188.72%	109.59%	86.10%	80.43%	48.16%	59.15%	56.29%	67.37%	107.87%	85.39%	143.04%	96.83%	107.45%	96.00%	116.20%	163.52%	188.89%	17.30%	20.23%	23.33%	26.69%
Total Non-Current Liabilities	102M	75M	43M	41M	51M	51M	49M	237M	36M	34M	32M	35M	16M	9M	17M	5M	5M	8M	20M	19M	62M	84M	106M	119M	68M	47M	53M	58M	62M	65M	55M	33M	32M	59M	43M	33M	21M
Return on Total Non-Current Liabilities	28.85%	36.68%	73.27%	61.45%	48.82%	41.15%	36.51%	4.67%	37.85%	44.02%	60.58%	36.27%	99.25%	71.54%	12.44%	177.35%	188.72%	109.59%	31.73%	28.12%	10.60%	9.09%	6.19%	7.23%	13.55%	16.00%	11.57%	8.99%	9.43%	8.52%	10.14%	15.39%	15.74%	8.21%	10.15%	12.67%	19.61%
Total Liabilities	1,781M	1,670M	1,358M	1,205M	1,092M	968M	863M	2,053M	1,704M	1,585M	1,617M	1,390M	1,142M	1,091M	1,065M	1,011M	924M	898M	889M	936M	903M	869M	901M	829M	743M	728M	566M	509M	498M	485M	454M	423M	405M	385M	318M	301M	279M
Return on Total Liabilities	0.76%	0.88%	0.85%	0.82%	0.87%	0.93%	1.00%	0.54%	0.80%	0.94%	1.21%	0.92%	1.41%	0.56%	0.20%	0.80%	1.10%	0.94%	0.70%	0.57%	0.73%	0.88%	0.73%	1.04%	1.25%	1.04%	1.08%	1.02%	1.17%	1.15%	1.23%	1.18%	1.26%	1.25%	1.37%	1.37%	1.50%
Preferred Stock	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 Preferred Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	5M	5M	5M	5M	5M	4M	4M	5M	5M	5M	5M	5M	5M	5M	5M	5M	5M	5M	5M	5M	4M	4M	4M	4M	4M	4M	4M	4M	3M	3M	3M	3M	3M	3M	3M	2M	2M
Return on Common Stock	280.44%	305.88%	243.98%	213.53%	205.40%	198.70%	194.92%	235.60%	288.64%	317.09%	416.39%	271.70%	342.14%	130.29%	46.41%	172.50%	219.02%	182.37%	136.64%	119.14%	148.65%	176.33%	153.18%	199.93%	215.31%	176.09%	160.59%	136.42%	191.79%	183.02%	183.71%	164.43%	170.00%	157.80%	143.28%	203.30%	205.86%
Retained Earnings	133M	124M	104M	91M	80M	70M	61M	139M	134M	126M	117M	103M	95M	84M	82M	83M	79M	71M	66M	62M	60M	58M	55M	52M	48M	43M	39M	36M	34M	31M	29M	26M	23M	21M	17M	18M	15M
Return on Retained Earnings	9.99%	11.86%	10.89%	10.85%	12.21%	13.31%	15.19%	7.96%	10.15%	11.87%	16.82%	12.49%	16.97%	7.30%	2.65%	9.73%	13.00%	11.76%	9.46%	8.59%	10.90%	13.13%	12.07%	16.49%	19.31%	17.75%	15.82%	14.53%	17.05%	17.89%	19.44%	19.62%	22.57%	23.37%	25.53%	23.46%	27.92%
Accumulated OCI	-43M	-25M	-15M	-12M	-9M	-7M	-6M	-36M	-41M	-51M	-1M	3M	-6M	-6M	-6M	-4M	-4M	-3M	-5M	-4M	-5M	-6M	-5M	-8M	1M	0M	1M	2M	2M	1M	0M	0M	-1M	2M	2M	1M	0M
Return on Accumulated OCI	-31.20%	-655.69%	-414.58%	-329.66%	9.04%	230.74%	218.15%	-31.26%	-33.21%	-29.13%	-3,586.11%	401.25%	-269.21%	-96.00%	-36.10%	-191.86%	-274.15%	-271.03%	-132.71%	-132.47%	-128.03%	-134.92%	-128.16%	-110.80%	1,393.98%	3,207.63%	763.05%	238.71%	330.50%	1,061.52%	2,497.32%	1,459.77%	-392.31%	269.49%	225.48%	673.25%	0.00%
Minority Interest	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	130M	139M	128M	116M	105M	94M	84M	145M	132M	114M	157M	145M	128M	118M	115M	116M	111M	104M	95M	92M	87M	83M	79M	73M	78M	72M	56M	55M	52M	47M	45M	43M	39M	40M	36M	35M	35M
Return on Total Shareholders’ Equity	10.35%	10.47%	8.82%	8.36%	8.95%	9.42%	9.87%	7.67%	10.29%	13.08%	12.49%	8.82%	12.64%	5.17%	1.89%	6.94%	9.16%	8.12%	6.53%	5.85%	7.53%	9.21%	8.36%	11.76%	11.92%	10.57%	10.98%	9.50%	11.26%	11.80%	12.36%	11.59%	12.98%	12.04%	12.02%	11.68%	11.96%
Total Equity	130M	139M	128M	116M	105M	94M	84M	145M	132M	114M	157M	145M	128M	118M	115M	116M	111M	104M	95M	92M	87M	83M	79M	73M	78M	72M	56M	55M	52M	47M	45M	43M	39M	40M	36M	35M	35M
Return on Total Equity	10.35%	10.47%	8.82%	8.36%	8.95%	9.42%	9.87%	7.67%	10.29%	13.08%	12.49%	8.82%	12.64%	5.17%	1.89%	6.94%	9.16%	8.12%	6.53%	5.85%	7.53%	9.21%	8.36%	11.76%	11.92%	10.57%	10.98%	9.50%	11.26%	11.80%	12.36%	11.59%	12.98%	12.04%	12.02%	11.68%	11.96%
Total Liabilities & Equity	1,911M	1,808M	1,486M	1,321M	1,197M	1,062M	948M	2,198M	1,836M	1,700M	1,774M	1,535M	1,269M	1,210M	1,180M	1,127M	1,035M	1,001M	985M	1,027M	990M	952M	979M	902M	820M	799M	621M	563M	550M	532M	499M	466M	445M	425M	354M	336M	313M
Return on Total Liabilities & Equity	0.71%	0.81%	0.77%	0.75%	0.79%	0.84%	0.91%	0.50%	0.74%	0.88%	1.11%	0.83%	1.27%	0.51%	0.18%	0.72%	0.99%	0.84%	0.63%	0.52%	0.66%	0.80%	0.67%	0.95%	1.13%	0.95%	0.98%	0.92%	1.06%	1.05%	1.12%	1.07%	1.15%	1.13%	1.23%	1.23%	1.33%
Total Investments	1,710M	1,609M	1,327M	1,177M	1,067M	949M	848M	1,892M	1,714M	1,524M	1,517M	1,400M	1,113M	1,093M	1,060M	1,027M	932M	890M	874M	877M	882M	857M	874M	816M	734M	714M	560M	513M	496M	484M	450M	422M	414M	386M	328M	311M	287M
Return on Total Investments	0.79%	0.91%	0.87%	0.84%	0.89%	0.94%	1.00%	0.59%	0.79%	0.98%	1.29%	0.91%	1.45%	0.56%	0.21%	0.79%	1.10%	0.94%	0.71%	0.61%	0.74%	0.89%	0.75%	1.05%	1.26%	1.06%	1.09%	1.01%	1.18%	1.15%	1.24%	1.19%	1.23%	1.25%	1.33%	1.33%	1.45%
Net Debt	30M	-23M	-37M	-18M	16M	29M	27M	19M	125M	-53M	-161M	-45M	-87M	-53M	-59M	-12M	-39M	-40M	-5M	-23M	67M	100M	117M	173M	110M	101M	84M	93M	104M	93M	78M	45M	54M	6M	11M	5M	-3M
Return on Net Debt	13.87%	0.20%	-12.40%	-19.28%	-12.77%	-8.80%	-5.51%	58.88%	10.87%	-28.13%	-12.17%	-28.44%	-18.44%	-11.57%	-3.71%	-65.24%	-26.05%	-21.26%	-138.24%	-23.11%	9.76%	7.62%	5.61%	4.98%	8.43%	7.46%	7.29%	5.57%	5.60%	6.00%	7.15%	11.19%	9.41%	75.85%	41.27%	89.21%	-161.10%

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	13M	14M	11M	10M	9M	9M	8M	11M	14M	15M	20M	13M	16M	6M	2M	8M	10M	8M	6M	5M	7M	8M	7M	9M	9M	8M	6M	5M	6M	6M	6M	5M	5M	5M	4M	4M	4M
Working Capital	-1,148M	-1,040M	-935M	-856M	-805M	-725M	-652M	-1,292M	-1,166M	-986M	-869M	-888M	-845M	-898M	-862M	-826M	-720M	-670M	-669M	-705M	-682M	-763M	-761M	-694M	-656M	-658M	-492M	-441M	-420M	-405M	-382M	-372M	-358M	-302M	-264M	-258M	-249M
Return on Working Capital	-1.18%	-1.45%	-1.25%	-1.16%	-1.16%	-1.20%	-1.27%	-0.86%	-1.17%	-1.52%	-2.26%	-1.44%	-1.91%	-0.68%	-0.25%	-0.98%	-1.42%	-1.25%	-0.93%	-0.76%	-0.96%	-1.00%	-0.87%	-1.24%	-1.41%	-1.15%	-1.24%	-1.18%	-1.39%	-1.38%	-1.46%	-1.34%	-1.43%	-1.59%	-1.65%	-1.60%	-1.68%
Total Capital	265M	229M	177M	170M	180M	173M	155M	369M	287M	140M	182M	170M	133M	118M	115M	141M	111M	113M	132M	146M	189M	205M	229M	262M	206M	195M	160M	158M	172M	155M	140M	106M	109M	71M	58M	50M	41M
Return on Total Capital	6.14%	7.35%	7.09%	6.26%	5.61%	5.25%	5.63%	3.01%	4.74%	10.67%	10.81%	7.53%	12.14%	5.17%	1.89%	5.75%	9.16%	7.46%	4.73%	3.67%	3.48%	3.72%	2.87%	3.28%	4.50%	3.88%	3.81%	3.29%	3.40%	3.60%	4.00%	4.74%	4.69%	6.80%	7.56%	8.22%	10.29%
Capital Employed	233M	214M	171M	157M	156M	145M	133M	382M	168M	148M	189M	180M	144M	127M	133M	121M	117M	111M	115M	111M	149M	166M	185M	192M	146M	119M	108M	112M	114M	113M	100M	76M	72M	98M	79M	68M	56M
Return on Capital Employed	7.03%	7.71%	7.16%	6.56%	6.24%	6.07%	6.09%	2.90%	8.09%	10.08%	10.35%	7.09%	11.21%	4.82%	1.64%	6.68%	8.74%	7.56%	5.42%	4.85%	4.40%	4.57%	3.56%	4.48%	6.34%	6.37%	5.63%	4.62%	5.13%	4.95%	5.57%	6.61%	7.11%	4.88%	5.50%	6.08%	7.43%
Invested Capital	161M	116M	92M	98M	121M	123M	111M	164M	257M	61M	-4M	100M	40M	65M	57M	104M	72M	64M	91M	68M	154M	183M	196M	246M	187M	173M	140M	148M	156M	140M	123M	88M	94M	46M	47M	40M	32M
Return on Invested Capital	12.17%	-85.11%	-35.03%	-20.93%	-14.67%	-10.88%	-7.45%	6.79%	5.29%	24.45%	-474.85%	12.78%	40.17%	9.36%	3.85%	7.77%	14.13%	13.13%	6.86%	7.84%	4.25%	4.17%	3.36%	3.50%	4.94%	4.38%	4.38%	3.51%	3.74%	3.98%	4.53%	5.69%	5.45%	10.39%	9.31%	10.33%	12.91%

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	13M	14M	11M	10M	9M	9M	8M	16M	14M	11M	14M	15M	20M	13M	16M	6M	2M	8M	10M	8M	6M	5M	7M	8M	7M	9M	9M	8M	6M	5M	6M	6M	6M	5M	5M	5M	4M	4M	4M
Depreciation & Amortization	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M	1M	1M	1M	1M	1M	1M	1M	2M	2M	2M	2M	2M	2M	2M	2M	1M	2M	2M	2M	2M	2M	1M	1M	1M	1M	1M	1M	1M
Return on Depreciation & Amortization	748.36%	967.89%	787.29%	639.82%	588.35%	550.38%	556.24%	735.38%	678.05%	531.05%	674.50%	1,039.53%	1,631.95%	962.41%	1,176.28%	460.53%	157.68%	577.64%	661.31%	424.34%	317.47%	271.92%	314.61%	396.05%	322.16%	346.99%	622.04%	503.66%	374.97%	271.69%	283.50%	337.76%	565.62%	533.80%	510.00%	631.41%	562.97%	556.95%	666.51%
Deferred Income Tax	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	1M	0M	-2M	2M	0M	-1M	-1M	0M	0M	0M	0M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	40.29%	4,252.14%	-60,081.06%	-40,339.36%	-30,754.51%	-24,603.61%	-20,503.01%	0.00%	0.00%	-2,346.51%	1,192.81%	1,274.57%	21,795.56%	-655.74%	855.36%	-612,500.00%	-261.85%	-972.00%	-9,192.79%	2,857.82%	1,790.80%	1,461.85%	-7,218.68%	-3,171.67%	-887.47%	3,493.90%	-16,528.57%	5,485.51%	-1,563.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	1M	0M	0M	0M	0M	0M	0M	1M	1M	1M	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 Stock-Based Compensation	2,599.76%	4,782.49%	5,155.38%	3,436.92%	4,096.74%	3,277.39%	2,731.16%	1,953.99%	2,419.76%	1,750.63%	2,815.32%	3,233.33%	9,615.69%	6,497.46%	0.00%	3,310.81%	1,351.55%	9,189.77%	13,789.19%	0.00%	0.00%	0.00%	0.00%	0.00%	22,706.90%	7,674.11%	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%
Change in Working Capital	1M	0M	0M	0M	-1M	-1M	-1M	-1M	3M	2M	3M	0M	2M	-5M	1M	-2M	1M	0M	-1M	1M	2M	2M	0M	0M	-3M	-4M	4M	-26M	0M	0M	0M	-1M	2M	-1M	0M	0M	-1M	0M	-1M
Return on Change in Working Capital	-1,217.67%	-565.47%	-477.24%	-1,179.65%	29,664.21%	23,928.61%	19,149.60%	-1,284.51%	561.30%	655.58%	463.94%	-4,772.52%	1,086.76%	-261.12%	1,094.77%	-371.89%	303.49%	-1,793.13%	-1,178.29%	715.06%	299.47%	230.16%	-10,768.85%	-3,398.21%	-213.52%	-233.37%	254.92%	-29.03%	611,200.00%	2,154.36%	3,476.19%	-596.04%	368.03%	-471.47%	-1,275.00%	-1,331.02%	-835.82%	-19,652.38%	-633.18%
Accounts Receivable	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	2M	0M	0M	1M	-3M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	0.00%	0.00%	0.00%	-737.33%	-600.32%	-480.25%	3,344.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	376.33%	-3,804.96%	-8,421.79%	790.45%	-189.06%	-757.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	120,125.00%	-2,833.12%	-2,990.58%	-1,952.80%
Inventory	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Inventory	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Payable	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	4M	1M	-1M	0M	-2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	0.00%	0.00%	0.00%	20.64%	75.23%	60.19%	132.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	708.18%	139.64%	939.77%	-1,478.06%	1,650.38%	-455.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2,472.78%
Other Working Capital	1M	0M	0M	0M	-1M	-1M	-1M	-1M	3M	2M	3M	0M	2M	-5M	1M	-2M	1M	0M	-1M	1M	0M	-1M	-1M	-1M	0M	-1M	4M	-26M	0M	0M	0M	-1M	2M	-1M	0M	0M	0M	0M	-1M
Return on Other Working Capital	-1,217.67%	-565.47%	-477.24%	-527.64%	30,110.45%	24,285.60%	20,207.03%	-1,284.51%	561.30%	655.58%	463.94%	-4,772.52%	1,086.76%	-261.12%	1,094.77%	-371.89%	303.49%	-1,793.13%	-1,178.29%	715.06%	-1,369.67%	-391.61%	-963.20%	-1,132.74%	0.00%	-1,302.27%	254.92%	-29.03%	611,200.00%	2,154.36%	3,476.19%	-596.04%	368.03%	-471.47%	-1,275.00%	-1,316.44%	-1,185.60%	3,527.35%	-679.51%
Other Non-Cash Items	7M	5M	5M	4M	5M	4M	5M	9M	4M	7M	6M	8M	3M	-1M	-2M	3M	13M	7M	2M	3M	5M	1M	7M	3M	4M	3M	1M	24M	6M	6M	-8M	0M	1M	0M	0M	0M	12M	15M	13M
Return on Other Non-Cash Items	191.95%	-17.15%	-20.26%	107.90%	179.05%	321.48%	255.98%	172.32%	334.75%	165.36%	212.57%	197.91%	571.56%	-1,233.14%	-859.47%	185.05%	17.20%	123.20%	417.17%	335.41%	130.57%	1,023.85%	99.79%	231.51%	174.02%	260.45%	1,385.63%	32.11%	110.19%	92.35%	-75.92%	1,774.84%	709.00%	1,955.86%	1,700.00%	-2,154.71%	37.76%	28.20%	31.00%
Net Cash from Operating Activities	25M	21M	18M	16M	15M	13M	13M	26M	23M	22M	27M	25M	26M	6M	19M	9M	16M	15M	13M	14M	15M	11M	15M	12M	9M	11M	15M	7M	13M	13M	0M	7M	9M	5M	6M	5M	16M	19M	18M
Return on Net Cash from Operating Activities	53.79%	86.95%	73.02%	65.67%	68.06%	127.97%	115.08%	59.19%	60.03%	51.02%	51.19%	59.17%	74.45%	198.91%	84.97%	65.85%	13.39%	54.44%	76.78%	58.53%	40.48%	50.80%	43.54%	61.60%	76.43%	77.80%	61.76%	112.72%	47.38%	40.04%	1,553.19%	84.41%	62.91%	97.43%	85.00%	96.45%	26.98%	21.18%	23.71%
Capital Expenditures (PPE)	-5M	-5M	-3M	-2M	-2M	-2M	-2M	-1M	-2M	-3M	0M	-12M	-9M	0M	-2M	-1M	-1M	-1M	-1M	0M	-1M	-2M	-1M	-2M	-2M	-3M	-2M	-2M	0M	-1M	-1M	-1M	-3M	-2M	-1M	0M	0M	0M	0M
Return on Capital Expenditures (PPE)	-1,093.23%	-1,229.41%	-1,021.98%	-1,021.02%	-910.34%	-807.56%	-697.25%	-1,238.81%	-638.97%	-432.37%	-2,725.05%	-122.26%	-222.73%	-2,644.63%	-974.30%	-527.11%	-194.46%	-1,396.72%	-980.21%	-2,435.36%	-1,182.54%	-233.57%	-885.31%	-358.72%	-432.94%	-334.31%	-445.64%	-369.81%	-1,308.78%	-528.72%	-617.34%	-448.35%	-185.54%	-202.14%	-728.57%	0.00%	0.00%	0.00%	0.00%
Acquisitions (Net)	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	-1M	0M	-8M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Acquisitions (Net)	0.00%	0.00%	0.00%	0.00%	-44.18%	-35.34%	-29.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-783.50%	0.00%	-100.12%	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	-91M	-146M	-90M	-74M	-71M	-68M	-68M	-117M	-24M	-136M	-50M	-87M	-216M	-241M	-105M	-30M	-9M	-1M	-22M	-41M	-69M	-44M	-38M	-28M	-43M	-42M	-86M	-78M	-55M	-53M	-44M	-58M	-87M	-39M	-107M	-72M	-51M	-62M	-33M
Return on Purchases of Investments	-17.44%	-13.35%	-99.58%	-72.13%	-57.46%	-48.04%	-41.35%	-13.43%	-57.60%	-8.14%	-27.06%	-17.13%	-9.10%	-5.32%	-15.37%	-20.30%	-25.30%	-821.02%	-47.05%	-20.38%	-9.02%	-12.28%	-17.49%	-27.07%	-15.31%	-20.25%	-10.80%	-9.72%	-11.10%	-9.75%	-13.14%	-9.65%	-6.44%	-12.79%	-4.76%	-6.67%	-8.63%	-6.64%	-12.74%
Sales / Maturities of Investments	77M	69M	50M	46M	50M	50M	49M	115M	44M	97M	72M	61M	71M	42M	50M	23M	24M	29M	32M	31M	37M	35M	31M	55M	49M	56M	109M	54M	51M	41M	54M	41M	65M	46M	101M	55M	24M	24M	25M
Return on Sales / Maturities of Investments	18.29%	22.62%	24.17%	22.37%	19.94%	18.22%	17.39%	13.57%	32.24%	11.41%	18.78%	24.67%	27.53%	30.71%	32.54%	26.82%	9.21%	27.68%	32.39%	27.29%	16.68%	15.21%	20.86%	13.83%	13.40%	15.32%	8.50%	14.05%	11.98%	12.72%	10.91%	13.56%	8.62%	10.83%	5.05%	8.79%	18.20%	17.20%	16.85%
Other Investing Activities	-133M	-91M	-70M	-47M	-50M	-43M	-38M	-197M	-160M	-143M	-200M	-56M	19M	-78M	33M	-39M	-46M	-130M	-58M	-2M	29M	6M	-27M	-13M	-65M	-108M	-44M	-23M	-48M	-13M	-18M	-17M	-11M	-21M	-26M	-41M	0M	-3M	-1M
Return on Other Investing Activities	-13.72%	8.90%	4.84%	-21.04%	-19.97%	-23.17%	-86.54%	-7.94%	-8.82%	-7.77%	-6.80%	-26.59%	102.11%	-16.45%	48.14%	-15.71%	-4.72%	-6.21%	-17.61%	-387.19%	21.72%	86.85%	-24.57%	-60.76%	-10.07%	-7.98%	-20.91%	-32.31%	-12.66%	-39.98%	-32.23%	-32.12%	-52.02%	-23.29%	-19.54%	-11.86%	-1,504.48%	-119.42%	-361.82%
Net Cash from Investing Activities	-153M	-174M	-112M	-78M	-73M	-63M	-58M	-200M	-143M	-184M	-178M	-95M	-134M	-277M	-23M	-47M	-32M	-103M	-49M	-13M	-4M	-5M	-34M	12M	-61M	-98M	-23M	-57M	-53M	-26M	-10M	-35M	-36M	-17M	-33M	-58M	-27M	-42M	-9M
Return on Net Cash from Investing Activities	-9.79%	-9.72%	-16.55%	-32.14%	-28.33%	-28.24%	-26.72%	-7.84%	-9.87%	-6.02%	-7.63%	-15.72%	-14.65%	-4.62%	-68.63%	-12.90%	-6.75%	-7.88%	-20.75%	-64.92%	-175.25%	-118.96%	-19.58%	62.07%	-10.83%	-8.79%	-39.94%	-13.28%	-11.57%	-19.66%	-58.61%	-15.83%	-15.64%	-29.64%	-15.45%	-8.29%	-16.22%	-9.91%	-45.69%
Net Debt Issuance	67M	44M	22M	7M	8M	8M	9M	-49M	180M	70M	130M	0M	0M	20M	0M	0M	-24M	24M	0M	-12M	0M	-47M	-21M	-28M	-39M	61M	4M	19M	1M	-17M	13M	13M	32M	-7M	14M	52M	6M	11M	1M
Return on Net Debt Issuance	8.77%	18.36%	11.62%	-5,936.68%	-4,415.44%	-3,532.21%	-2,911.37%	-31.98%	7.82%	15.86%	10.46%	0.00%	0.00%	65.50%	0.00%	0.00%	-8.97%	33.32%	0.00%	-67.74%	-89,028.57%	-11.46%	-31.87%	-26.71%	-16.99%	13.99%	214.66%	39.96%	489.74%	-31.26%	46.57%	43.84%	17.37%	-72.94%	35.66%	9.24%	68.68%	37.55%	813.04%
Long-Term Debt Issuance	67M	44M	22M	8M	8M	8M	7M	81M	160M	200M	0M	0M	0M	20M	0M	0M	0M	0M	0M	-12M	0M	-36M	-23M	-24M	-11M	46M	21M	-10M	-4M	-4M	-3M	9M	21M	0M	-1M	19M	-5M	2M	5M
Return on Long-Term Debt Issuance	1.85%	14.21%	7.11%	-5,940.09%	-4,466.60%	-3,673.74%	-3,071.21%	19.35%	8.80%	5.55%	0.00%	0.00%	0.00%	65.50%	0.00%	0.00%	0.00%	0.00%	0.00%	-67.74%	-89,028.57%	-14.93%	-29.13%	-31.98%	-57.50%	18.51%	43.53%	-74.97%	-160.29%	-126.39%	-185.87%	60.27%	26.78%	-2,286.30%	-510.00%	25.22%	-91.54%	202.40%	81.05%
Short-Term Debt Issuance	0M	0M	0M	-2M	-1M	-1M	2M	-130M	20M	-130M	130M	0M	0M	0M	0M	0M	-24M	24M	0M	0M	-18M	-11M	2M	-5M	-27M	15M	-17M	29M	5M	-13M	16M	3M	11M	-7M	15M	33M	11M	9M	-5M
Return on Short-Term Debt Issuance	0.64%	0.38%	2.63%	7.98%	12.25%	15.03%	13.96%	-12.05%	70.42%	-8.54%	10.46%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.97%	33.32%	0.00%	0.00%	-33.92%	-49.25%	338.78%	-162.27%	-24.11%	57.28%	-54.60%	26.07%	120.77%	-41.53%	37.24%	160.84%	49.39%	-75.34%	33.33%	14.57%	39.24%	46.10%	-90.03%
Net Stock Issuance	-1M	0M	0M	0M	0M	0M	0M	0M	1M	1M	-1M	-2M	1M	1M	-3M	0M	0M	-1M	0M	0M	0M	0M	0M	1M	1M	0M	0M	0M	-1M	0M	0M	-1M	-1M	-1M	0M	0M	-1M	-2M	-2M
Return on Net Stock Issuance	-294.60%	536.50%	-593.19%	1,117.23%	772.57%	753.31%	636.73%	5,038.91%	1,257.41%	1,203.80%	-1,308.76%	-778.83%	1,641.51%	1,924.81%	-636.96%	-6,960.23%	0.00%	-1,017.23%	0.00%	0.00%	0.00%	0.00%	21,896.67%	793.74%	1,063.81%	-1,893.17%	4,674.75%	-3,963.35%	-1,189.11%	3,605.56%	2,049.12%	-777.27%	-525.75%	-970.35%	-1,700.00%	2,793.60%	-453.06%	-166.28%	-205.15%
Common Stock Issuance	2M	2M	2M	1M	1M	1M	1M	1M	2M	2M	1M	1M	2M	2M	1M	1M	1M	2M	1M	1M	1M	1M	0M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Issuance	897.69%	842.34%	739.10%	2,141.44%	1,705.57%	1,590.64%	1,603.10%	1,224.30%	820.69%	634.59%	1,003.54%	1,054.94%	821.44%	697.17%	1,224.54%	432.25%	219.58%	483.96%	818.94%	910.29%	673.00%	456.98%	21,896.67%	793.74%	845.31%	1,144.47%	0.00%	0.00%	0.00%	3,605.56%	2,049.12%	0.00%	0.00%	0.00%	0.00%	2,793.60%	1,359.19%	2,063.50%	2,110.61%
Common Stock Repurchased	-2M	-2M	-1M	-1M	-1M	-1M	-1M	-1M	-1M	-1M	-2M	-3M	-1M	-1M	-4M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	-3M	-2M
Return on Common Stock Repurchased	-786.04%	-1,019.09%	-1,349.19%	-899.46%	-916.04%	-732.83%	-633.38%	-1,617.23%	-2,362.92%	-1,342.08%	-568.00%	-448.05%	-1,644.26%	-1,093.08%	-419.01%	-6,960.23%	0.00%	-1,017.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4,115.63%	-713.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-339.80%	-153.88%	-186.98%
Preferred Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	-6M	-6M	-5M	-4M	-4M	-4M	-4M	-6M	-6M	-6M	-6M	-6M	-6M	-5M	-5M	-5M	-4M	-4M	-3M	-3M	-3M	-3M	-4M	-4M	-4M	-4M	-4M	-4M	-3M	-3M	-3M	-3M	-2M	-2M	-3M	-4M	-2M	-2M	-1M
Return on Net Dividends Paid	-234.74%	-260.85%	-236.11%	-225.50%	-219.44%	-217.13%	-219.28%	-271.17%	-250.86%	-197.18%	-243.04%	-264.02%	-355.10%	-244.93%	-315.05%	-133.21%	-53.98%	-229.55%	-325.07%	-295.12%	-221.78%	-169.24%	-153.73%	-181.50%	-158.87%	-209.84%	-233.80%	-212.70%	-191.18%	-176.00%	-213.37%	-174.48%	-238.35%	-237.07%	-170.00%	-133.51%	-277.72%	-274.58%	-294.30%
Common Dividends Paid	-6M	-6M	-5M	-4M	-4M	-4M	-4M	-6M	-6M	-6M	-6M	-6M	-6M	-5M	-5M	-5M	-4M	-4M	-3M	-3M	-3M	-3M	-4M	-4M	-4M	-4M	-4M	-4M	-3M	-3M	-3M	-3M	-2M	-2M	-3M	-4M	-2M	-2M	-1M
Return on Common Dividends Paid	-234.74%	-260.85%	-236.11%	-225.50%	-219.44%	-217.13%	-219.28%	-271.17%	-250.86%	-197.18%	-243.04%	-264.02%	-355.10%	-244.93%	-315.05%	-133.21%	-53.98%	-229.55%	-325.07%	-295.12%	-221.78%	-169.24%	-153.73%	-181.50%	-158.87%	-209.84%	-233.80%	-212.70%	-191.18%	-176.00%	-213.37%	-174.48%	-238.35%	-237.07%	-170.00%	-133.51%	-277.72%	-274.58%	-294.30%
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	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%	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	77M	138M	93M	70M	64M	54M	46M	180M	106M	278M	-13M	-33M	230M	229M	43M	37M	66M	65M	30M	22M	-46M	88M	55M	-4M	111M	21M	11M	33M	57M	27M	1M	18M	-3M	24M	7M	18M	7M	11M	1M
Return on Other Financing Activities	-47.59%	-25.73%	-2.46%	-11.34%	-0.25%	38.52%	58.76%	8.72%	13.27%	4.00%	-101.30%	-45.46%	8.53%	5.58%	37.45%	16.45%	3.29%	12.37%	34.48%	38.75%	-13.51%	6.12%	11.87%	-188.70%	5.93%	40.80%	84.28%	23.28%	10.74%	18.91%	1,073.53%	31.23%	-176.69%	20.95%	77.27%	27.23%	58.20%	38.38%	598.71%
Net Cash from Financing Activities	138M	176M	110M	73M	68M	57M	52M	125M	282M	343M	110M	-40M	226M	244M	35M	33M	38M	85M	26M	6M	-49M	38M	31M	-36M	69M	78M	12M	48M	54M	8M	11M	27M	26M	14M	18M	66M	11M	18M	-2M
Return on Net Cash from Financing Activities	-7.11%	-1.48%	11.08%	16.21%	18.55%	22.72%	16.00%	12.51%	5.00%	3.24%	12.37%	-36.94%	8.70%	5.24%	45.54%	18.82%	5.74%	9.48%	38.58%	130.59%	-12.74%	14.25%	21.53%	-21.28%	9.58%	11.03%	80.26%	15.86%	11.23%	64.59%	54.92%	20.92%	21.82%	34.76%	28.98%	7.25%	38.56%	23.24%	-186.15%
Effect of FX on Cash	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 Effect of FX on Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 Change in Cash	9M	24M	16M	11M	10M	8M	6M	-48M	162M	180M	-42M	-110M	118M	-27M	31M	-6M	22M	-3M	-9M	8M	-37M	44M	12M	-11M	17M	-9M	3M	-3M	15M	-5M	1M	-2M	-1M	3M	-9M	13M	1M	-4M	6M
Return on Net Change in Cash	-13.32%	-14.26%	-54.93%	-30.70%	-24.60%	-23.13%	3.81%	-32.53%	8.67%	6.15%	-32.56%	-13.55%	16.62%	-47.97%	52.20%	-108.48%	9.92%	-323.35%	-108.24%	107.06%	-16.80%	12.28%	54.57%	-68.32%	39.82%	-97.92%	276.88%	-292.28%	42.07%	-96.02%	559.39%	-283.32%	-455.17%	188.87%	-54.84%	36.14%	738.24%	-94.16%	67.05%
Cash at Beginning of Period	88M	81M	64M	57M	47M	41M	37M	873M	459M	23M	65M	175M	57M	84M	53M	59M	37M	39M	49M	41M	78M	34M	22M	33M	17M	25M	22M	25M	10M	16M	15M	17M	18M	15M	24M	11M	11M	15M	9M
Return on Cash at Beginning of Period	25.82%	25.41%	21.55%	20.83%	25.89%	27.58%	29.03%	1.80%	3.07%	47.96%	20.95%	8.53%	34.33%	15.27%	30.43%	10.45%	5.93%	20.65%	21.00%	20.62%	8.01%	15.71%	29.72%	22.89%	39.40%	33.72%	41.79%	30.60%	59.87%	33.25%	40.08%	33.70%	31.48%	33.12%	20.90%	43.24%	41.47%	27.69%	48.20%
Cash at End of Period	97M	105M	80M	68M	57M	49M	43M	825M	622M	204M	23M	65M	175M	57M	84M	53M	59M	37M	39M	49M	41M	78M	34M	22M	33M	17M	25M	22M	25M	10M	16M	15M	17M	18M	15M	24M	11M	11M	15M
Return on Cash at End of Period	29.08%	24.17%	20.34%	19.77%	23.15%	26.06%	27.05%	1.90%	2.27%	5.45%	58.76%	23.02%	11.20%	22.40%	19.22%	11.57%	3.71%	22.06%	26.05%	17.29%	15.30%	6.89%	19.24%	34.43%	19.81%	51.43%	36.31%	34.18%	24.71%	50.86%	37.40%	38.24%	33.82%	28.18%	33.77%	19.69%	39.26%	39.23%	28.04%
Operating Cash Flow	25M	21M	18M	16M	15M	13M	13M	26M	23M	22M	27M	25M	26M	6M	19M	9M	16M	15M	13M	14M	15M	11M	15M	12M	9M	11M	15M	7M	13M	13M	0M	7M	9M	5M	6M	5M	16M	19M	18M
Return on Operating Cash Flow	53.79%	86.95%	73.02%	65.67%	68.06%	127.97%	115.08%	59.19%	60.03%	51.02%	51.19%	59.17%	74.45%	198.91%	84.97%	65.85%	13.39%	54.44%	76.78%	58.53%	40.48%	50.80%	43.54%	61.60%	76.43%	77.80%	61.76%	112.72%	47.38%	40.04%	1,553.19%	84.41%	62.91%	97.43%	85.00%	96.45%	26.98%	21.18%	23.71%
Capital Expenditure	-5M	-5M	-3M	-2M	-2M	-2M	-2M	-1M	-2M	-3M	0M	-12M	-9M	0M	-2M	-1M	-1M	-1M	-1M	0M	-1M	-2M	-1M	-2M	-2M	-3M	-2M	-2M	0M	-1M	-1M	-1M	-3M	-2M	-1M	0M	0M	0M	0M
Return on Capital Expenditure	-1,093.23%	-1,229.41%	-1,021.98%	-1,021.02%	-910.34%	-807.56%	-697.25%	-1,238.81%	-638.97%	-432.37%	-2,725.05%	-122.26%	-222.73%	-2,644.63%	-974.30%	-527.11%	-194.46%	-1,396.72%	-980.21%	-2,435.36%	-1,182.54%	-233.57%	-885.31%	-358.72%	-432.94%	-334.31%	-445.64%	-369.81%	-1,308.78%	-528.72%	-617.34%	-448.35%	-185.54%	-202.14%	-728.57%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow	19M	16M	15M	14M	13M	11M	12M	25M	21M	19M	26M	13M	18M	6M	17M	8M	15M	14M	12M	14M	15M	8M	14M	10M	7M	8M	13M	5M	12M	12M	-1M	5M	6M	3M	5M	5M	16M	19M	18M
Return on Free Cash Flow	74.90%	110.32%	87.43%	77.41%	81.92%	41.78%	43.63%	62.16%	66.26%	57.84%	52.17%	114.68%	111.82%	215.09%	93.09%	75.25%	14.38%	56.64%	83.30%	59.97%	41.91%	64.93%	45.79%	74.36%	92.81%	101.40%	71.70%	162.13%	49.16%	43.32%	-1,024.56%	103.99%	95.18%	188.09%	96.23%	96.45%	26.98%	21.18%	23.71%

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	13M	14M	11M	10M	9M	9M	8M	16M	14M	11M	14M	15M	20M	13M	16M	6M	2M	8M	10M	8M	6M	5M	7M	8M	7M	9M	9M	8M	6M	5M	6M	6M	6M	5M	5M	5M	4M	4M	4M
EBITDA	17M	18M	15M	13M	13M	12M	11M	21M	19M	15M	18M	19M	24M	14M	20M	7M	7M	11M	14M	12M	9M	8M	9M	12M	11M	15M	14M	11M	9M	8M	9M	8M	8M	7M	7M	7M	7M	6M	6M
Return on EBITDA	75.83%	79.49%	73.89%	71.61%	70.06%	69.45%	69.13%	73.00%	74.46%	72.05%	76.53%	78.90%	81.00%	88.96%	79.13%	84.02%	30.56%	74.96%	72.79%	67.82%	65.67%	68.34%	72.44%	61.04%	61.89%	58.26%	68.55%	67.77%	70.42%	63.96%	62.98%	66.20%	71.07%	71.01%	69.86%	67.96%	66.84%	66.06%	66.79%
(-) Tax Adjustment	3M	2M	2M	2M	2M	2M	2M	4M	3M	3M	2M	3M	4M	0M	3M	0M	4M	1M	3M	2M	2M	1M	1M	3M	2M	4M	3M	2M	1M	1M	2M	1M	1M	1M	1M	2M	2M	2M	2M
Return on (-) Tax Adjustment	510.72%	1,316.69%	506.01%	535.18%	481.36%	459.84%	431.58%	385.11%	455.37%	432.91%	559.41%	539.86%	548.63%	4,502.63%	521.91%	-3,034.88%	49.21%	540.52%	399.86%	351.90%	381.69%	784.49%	1,230.27%	219.23%	264.54%	194.34%	298.51%	312.42%	529.79%	391.11%	330.86%	374.65%	379.74%	392.49%	366.78%	285.09%	276.62%	263.78%	259.15%
(-) Change In Working Capital	1M	0M	0M	0M	-1M	-1M	-1M	-1M	3M	2M	3M	0M	2M	-5M	1M	-2M	1M	0M	-1M	1M	2M	2M	0M	0M	-3M	-4M	4M	-26M	0M	0M	0M	-1M	2M	-1M	0M	0M	-1M	0M	-1M
Return on (-) Change In Working Capital	-1,217.67%	-565.47%	-477.24%	-1,179.65%	29,664.21%	23,928.61%	19,149.60%	-1,284.43%	561.30%	655.58%	463.94%	-4,772.52%	1,086.76%	-261.12%	1,094.77%	-371.89%	303.49%	-1,793.13%	-1,178.29%	715.06%	299.47%	230.16%	-10,768.85%	-3,398.21%	-213.52%	-233.37%	254.92%	-29.03%	611,200.00%	2,154.36%	3,476.19%	-596.04%	368.03%	-471.47%	-1,275.00%	-1,331.02%	-835.82%	-19,652.38%	-633.18%
(-) Capital Expenditure	-5M	-5M	-3M	-2M	-2M	-2M	-2M	-1M	-2M	-3M	0M	-12M	-9M	0M	-2M	-1M	-1M	-1M	-1M	0M	-1M	-2M	-1M	-2M	-2M	-3M	-2M	-2M	0M	-1M	-1M	-1M	-3M	-2M	-1M	0M	0M	0M	0M
Return on (-) Capital Expenditure	-1,093.23%	-1,229.41%	-1,021.98%	-1,021.02%	-910.34%	-807.56%	-697.25%	-1,238.74%	-638.97%	-432.37%	-2,725.05%	-122.26%	-222.73%	-2,644.63%	-974.30%	-527.11%	-194.46%	-1,396.72%	-980.21%	-2,435.36%	-1,182.54%	-233.57%	-885.31%	-358.72%	-432.94%	-334.31%	-445.64%	-369.81%	-1,308.78%	-528.72%	-617.34%	-448.35%	-185.54%	-202.14%	-728.57%	0.00%	0.00%	0.00%	0.00%
Unlevered Free Cash Flow	8M	11M	10M	9M	10M	9M	8M	17M	11M	9M	12M	4M	10M	19M	14M	8M	1M	9M	11M	8M	5M	3M	8M	7M	10M	11M	5M	33M	7M	6M	6M	7M	2M	4M	6M	6M	5M	5M	5M
Return on Unlevered Free Cash Flow	198.06%	171.78%	148.03%	140.02%	127.51%	129.36%	121.83%	90.30%	126.79%	129.34%	114.19%	350.66%	195.60%	69.11%	113.88%	76.78%	252.13%	88.24%	90.37%	99.08%	118.72%	211.38%	83.65%	107.20%	67.79%	75.12%	197.17%	23.10%	86.60%	93.26%	91.34%	84.14%	300.28%	114.83%	90.92%	83.63%	79.72%	87.74%	78.78%
(-) Net Interest Income After Taxes	46M	43M	36M	33M	30M	26M	24M	53M	47M	47M	46M	44M	38M	41M	36M	42M	14M	30M	26M	25M	26M	29M	31M	22M	22M	21M	20M	16M	15M	13M	13M	13M	13M	12M	12M	11M	11M	10M	10M
Return on (-) Net Interest Income After Taxes	28.92%	33.89%	31.04%	29.42%	32.26%	34.38%	35.64%	29.59%	30.17%	23.43%	29.40%	33.93%	51.54%	31.13%	45.12%	14.67%	15.36%	27.04%	38.77%	33.03%	23.83%	18.27%	21.44%	34.26%	29.71%	41.14%	46.77%	46.15%	40.19%	38.82%	45.57%	43.43%	44.33%	42.07%	43.75%	44.08%	40.85%	40.15%	40.91%
Net Debt Issuance	67M	44M	22M	7M	8M	8M	9M	-49M	180M	70M	130M	0M	0M	20M	0M	0M	-24M	24M	0M	-12M	0M	-47M	-21M	-28M	-39M	61M	4M	19M	1M	-17M	13M	13M	32M	-7M	14M	52M	6M	11M	1M
Return on Net Debt Issuance	8.77%	18.36%	11.62%	-5,936.68%	-4,415.44%	-3,532.21%	-2,911.37%	-31.98%	7.82%	15.86%	10.46%	0.00%	0.00%	65.50%	0.00%	0.00%	-8.97%	33.32%	0.00%	-67.74%	-89,028.57%	-11.46%	-31.87%	-26.71%	-16.99%	13.99%	214.66%	39.96%	489.74%	-31.26%	46.57%	43.84%	17.37%	-72.94%	35.66%	9.24%	68.68%	37.55%	813.04%
Levered Free Cash Flow	29M	11M	-5M	-17M	-12M	-10M	-6M	-85M	144M	31M	96M	-40M	-28M	-3M	-22M	-34M	-38M	4M	-15M	-29M	-21M	-74M	-43M	-44M	-51M	52M	-11M	35M	-7M	-24M	6M	7M	21M	-14M	8M	47M	1M	5M	-4M
Return on Levered Free Cash Flow	4.07%	-95.36%	-41.44%	-34.18%	-33.10%	-20.43%	-2.56%	-18.52%	9.75%	35.56%	14.22%	-37.56%	-69.98%	-419.05%	-74.74%	-18.13%	-5.79%	228.95%	-67.90%	-28.61%	-29.81%	-7.28%	-15.14%	-17.45%	-12.86%	16.53%	-85.82%	21.44%	-88.56%	-21.26%	95.42%	85.71%	26.07%	-34.76%	61.80%	10.25%	380.92%	76.19%	-95.06%