3M Company (MMM)

Category: Company Returns Sector: Industrials Industry: Conglomerates Live Price: $167.80

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	985M	2,865M	3,899M	4,094M	3,958M	3,589M	3,243M	3,401M	4,390M	4,173M	-6,995M	5,777M	5,921M	5,449M	4,570M	5,349M	4,858M	5,050M	4,833M	4,956M	4,659M	4,444M	4,283M	4,085M	3,193M	3,460M	4,096M	3,851M	3,146M	2,990M	2,403M	1,974M	1,430M	1,782M	1,763M	1,175M	2,121M	1,526M	976M
Revenue	27,805M	30,191M	30,789M	30,451M	28,685M	26,443M	24,484M	24,825M	24,567M	24,575M	24,610M	34,229M	35,355M	32,184M	32,136M	32,765M	31,657M	30,109M	30,274M	31,821M	30,871M	29,904M	29,611M	26,662M	23,123M	25,269M	24,462M	22,923M	21,167M	20,011M	18,232M	16,332M	16,079M	16,724M	15,659M	15,021M	15,070M	14,236M	13,460M
Return on Revenue	1.81%	7.82%	11.77%	12.87%	13.45%	13.15%	12.66%	13.70%	17.87%	16.98%	-28.42%	16.88%	16.75%	16.93%	14.22%	16.33%	15.35%	16.77%	15.96%	15.57%	15.09%	14.86%	14.46%	15.32%	13.81%	13.69%	16.74%	16.80%	14.86%	14.94%	13.18%	12.09%	8.89%	10.66%	11.26%	7.82%	14.07%	10.72%	7.25%
Cost of Revenue	16,265M	16,824M	16,418M	16,122M	15,088M	13,881M	12,966M	14,743M	14,540M	14,495M	15,037M	19,263M	18,743M	16,581M	16,830M	16,575M	15,995M	15,133M	15,532M	16,463M	16,112M	15,692M	15,613M	13,760M	12,036M	13,235M	12,664M	11,586M	10,408M	9,958M	9,285M	8,496M	8,749M	8,787M	8,852M	8,705M	8,580M	8,099M	7,720M
Return on Cost of Revenue	4.09%	15.34%	23.10%	25.03%	26.20%	25.59%	24.31%	23.07%	30.19%	28.79%	-46.52%	29.99%	31.59%	32.86%	27.15%	32.27%	30.37%	33.37%	31.12%	30.10%	28.92%	28.32%	27.43%	29.69%	26.53%	26.14%	32.34%	33.24%	30.23%	30.03%	25.88%	23.23%	16.34%	20.28%	19.92%	13.50%	24.72%	18.84%	12.64%
Gross Profit	11,540M	13,367M	14,371M	14,329M	13,598M	12,562M	11,518M	10,082M	10,027M	10,080M	9,573M	14,966M	16,612M	15,603M	15,306M	16,190M	15,662M	14,976M	14,742M	15,358M	14,759M	14,212M	13,998M	12,902M	11,087M	12,034M	11,798M	11,337M	10,759M	10,053M	8,947M	7,836M	7,330M	7,937M	6,807M	6,316M	6,490M	6,137M	5,740M
Return on Gross Profit	2.31%	15.50%	23.79%	26.35%	27.54%	26.98%	26.45%	33.73%	43.78%	41.40%	-73.07%	38.60%	35.64%	34.92%	29.86%	33.04%	31.02%	33.72%	32.78%	32.27%	31.57%	31.27%	30.60%	31.66%	28.80%	28.75%	34.72%	33.97%	29.24%	29.74%	26.86%	25.19%	19.51%	22.45%	25.90%	18.60%	32.68%	24.87%	17.00%
R&D Expenses	1,350M	1,578M	1,693M	1,670M	1,586M	1,489M	1,241M	1,151M	1,075M	1,070M	1,123M	1,856M	1,977M	1,862M	1,874M	1,816M	1,862M	1,735M	1,751M	1,770M	1,715M	1,634M	1,570M	1,434M	1,285M	1,391M	1,372M	1,352M	1,274M	1,143M	1,102M	1,070M	1,084M	1,101M	0M	0M	0M	0M	0M
Return on R&D Expenses	26.13%	134.10%	203.69%	227.88%	237.29%	228.15%	190.12%	295.48%	408.37%	390.00%	-622.89%	311.26%	299.49%	292.64%	243.86%	294.55%	260.90%	291.07%	276.01%	280.00%	271.66%	271.97%	272.80%	284.87%	248.48%	248.74%	298.54%	284.84%	246.94%	261.59%	218.06%	184.49%	131.92%	161.85%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	5,840M	6,282M	6,339M	6,266M	5,920M	5,541M	5,236M	3,910M	-74M	4,079M	4,403M	9,037M	7,109M	6,784M	6,458M	6,600M	6,574M	6,222M	6,120M	6,468M	6,384M	6,102M	6,170M	5,479M	4,816M	5,134M	5,041M	4,828M	4,601M	4,332M	4,039M	3,720M	4,061M	3,963M	3,879M	3,784M	3,815M	3,646M	3,440M
Return on SG&A Expenses	2.45%	34.19%	55.68%	61.55%	64.32%	61.92%	58.35%	86.98%	-5,932.43%	102.30%	-158.87%	63.93%	83.29%	80.32%	70.76%	81.05%	73.90%	81.16%	78.97%	76.62%	72.98%	72.83%	69.42%	74.56%	66.30%	67.39%	81.25%	79.76%	68.38%	69.02%	59.49%	53.06%	35.21%	44.97%	45.45%	31.05%	55.60%	41.85%	28.37%
Operating Expenses	7,189M	7,860M	8,031M	7,936M	7,507M	7,019M	6,468M	5,222M	1,001M	5,149M	5,526M	10,893M	9,086M	8,646M	8,332M	8,416M	8,436M	7,957M	7,871M	8,238M	8,099M	7,736M	7,740M	6,913M	6,101M	6,525M	6,413M	6,180M	5,875M	5,475M	5,141M	4,790M	5,057M	4,879M	3,879M	3,784M	3,815M	3,646M	3,440M
Return on Operating Expenses	2.50%	27.14%	43.65%	48.41%	50.56%	48.74%	47.36%	65.13%	438.56%	81.04%	-126.58%	53.03%	65.17%	63.02%	54.85%	63.56%	57.59%	63.47%	61.40%	60.16%	57.53%	57.45%	55.34%	59.09%	52.34%	53.03%	63.87%	62.31%	53.55%	54.61%	46.74%	41.21%	28.28%	36.52%	45.45%	31.05%	55.60%	41.85%	28.37%
Operating Income (EBIT)	4,350M	5,507M	6,340M	6,393M	6,091M	5,540M	5,029M	4,860M	9,026M	4,931M	4,047M	4,073M	7,526M	6,957M	6,974M	7,774M	7,226M	7,019M	6,871M	7,120M	6,660M	6,476M	6,258M	5,989M	4,986M	5,509M	5,385M	5,157M	4,884M	4,578M	3,713M	3,046M	2,273M	3,058M	2,956M	2,039M	2,675M	2,491M	2,221M
Return on Operating Income (EBIT)	17.87%	42.12%	55.45%	59.95%	62.07%	62.29%	61.97%	69.98%	48.64%	84.63%	-172.84%	141.84%	78.67%	78.32%	65.53%	68.81%	67.23%	71.95%	70.34%	69.61%	69.95%	68.62%	68.44%	68.21%	64.04%	62.81%	76.06%	74.68%	64.41%	65.31%	64.72%	64.81%	62.91%	58.27%	59.64%	57.63%	79.29%	61.26%	43.94%
Interest Income	256M	165M	108M	85M	83M	72M	60M	267M	450M	452M	250M	67M	26M	29M	80M	70M	50M	29M	26M	33M	41M	39M	39M	38M	37M	105M	132M	51M	56M	46M	28M	39M	37M	0M	0M	0M	0M	0M	0M
Return on Interest Income	2,249.21%	9,662.07%	10,738.25%	11,126.07%	9,754.39%	8,763.86%	7,303.21%	1,273.78%	975.56%	923.23%	-2,798.00%	8,622.39%	22,773.08%	18,789.66%	5,712.50%	7,641.43%	9,716.00%	17,413.79%	18,588.46%	15,018.18%	11,363.41%	11,394.87%	10,982.05%	10,750.00%	8,629.73%	3,295.24%	3,103.03%	7,550.98%	5,617.86%	6,500.00%	8,582.14%	5,061.54%	3,864.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	871M	724M	481M	367M	315M	266M	222M	969M	1,296M	1,182M	932M	498M	457M	553M	431M	240M	84M	207M	229M	101M	0M	221M	154M	215M	157M	215M	210M	122M	82M	69M	84M	80M	124M	0M	0M	0M	0M	0M	0M
Return on Interest Expense	254.18%	608.71%	1,666.60%	1,884.33%	2,042.58%	2,066.66%	1,722.21%	350.98%	338.73%	353.05%	-750.54%	1,160.04%	1,295.62%	985.35%	1,060.32%	2,228.75%	5,783.33%	2,439.61%	2,110.48%	4,906.93%	0.00%	2,010.86%	2,781.17%	1,900.00%	2,033.76%	1,609.30%	1,950.48%	3,156.56%	3,836.59%	4,333.33%	2,860.71%	2,467.50%	1,153.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	-614M	-560M	-373M	-282M	-232M	-194M	-162M	-702M	-846M	-730M	-682M	-431M	-431M	-524M	-351M	-170M	-34M	-178M	-203M	-68M	41M	-182M	-115M	-177M	-120M	-110M	-78M	-71M	-26M	-23M	-56M	-41M	-87M	0M	0M	0M	0M	0M	0M
Return on Net Interest Income	-295.45%	-660.00%	-2,725.46%	-2,110.23%	-3,011.75%	-3,359.37%	-2,799.48%	-484.47%	-518.91%	-571.64%	1,025.66%	-1,340.37%	-1,373.78%	-1,039.89%	-1,301.99%	-3,146.47%	-14,288.24%	-2,837.08%	-2,380.79%	-7,288.24%	11,363.41%	-2,441.76%	-3,724.35%	-2,307.91%	-2,660.83%	-3,145.45%	-5,251.28%	-5,423.94%	-12,100.00%	-13,000.00%	-4,291.07%	-4,814.63%	-1,643.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	4,972M	3,270M	1,901M	1,353M	1,016M	832M	681M	1,295M	5,143M	833M	15,982M	-1,899M	743M	691M	1,613M	944M	-288M	144M	251M	162M	57M	307M	342M	411M	474M	511M	-652M	-397M	82M	46M	112M	82M	174M	84M	76M	87M	-765M	89M	130M
Return on Unusual Items	50.99%	347.69%	633.40%	1,417.39%	1,242.49%	1,553.84%	1,490.15%	262.63%	85.36%	500.96%	-43.77%	-304.21%	796.90%	788.57%	283.32%	566.63%	-1,686.81%	3,506.94%	1,925.50%	3,059.26%	8,173.68%	1,447.56%	1,252.34%	993.92%	673.63%	677.10%	-628.22%	-970.03%	3,836.59%	6,500.00%	2,145.54%	2,407.32%	821.84%	2,121.43%	2,319.74%	1,350.57%	-277.25%	1,714.61%	750.77%
EBT Excluding Unusual Items	-4,979M	-474M	2,910M	3,970M	4,292M	4,069M	3,829M	2,972M	-414M	3,995M	-27,235M	8,302M	6,471M	6,099M	4,099M	6,056M	7,836M	6,909M	6,572M	6,864M	6,505M	6,044M	5,689M	5,344M	4,158M	4,597M	6,767M	6,022M	4,746M	4,509M	3,545M	2,923M	2,012M	2,890M	2,804M	1,865M	4,205M	2,313M	1,961M
Return on EBT Excluding Unusual Items	66.58%	76.11%	78.90%	77.21%	75.05%	73.41%	70.91%	114.43%	-1,060.39%	104.46%	25.68%	69.59%	91.50%	89.34%	111.49%	88.33%	62.00%	73.09%	73.54%	72.20%	71.62%	73.53%	75.29%	76.44%	76.79%	75.27%	60.53%	63.95%	66.29%	66.31%	67.79%	67.53%	71.07%	61.66%	62.87%	63.00%	50.44%	65.97%	49.77%
Pre-Tax Income	-7M	2,796M	4,812M	5,323M	5,308M	4,901M	4,510M	4,267M	4,729M	4,828M	-11,253M	6,403M	7,214M	6,790M	5,712M	7,000M	7,548M	7,053M	6,823M	7,026M	6,562M	6,351M	6,031M	5,755M	4,632M	5,108M	6,115M	5,625M	4,828M	4,555M	3,657M	3,005M	2,186M	2,974M	2,880M	1,952M	3,440M	2,402M	2,091M
Return on Pre-Tax Income	79.61%	80.23%	76.44%	74.52%	72.76%	71.10%	69.03%	79.70%	92.83%	86.43%	62.16%	90.22%	82.08%	80.25%	80.01%	76.41%	64.36%	71.60%	70.83%	70.54%	71.00%	69.97%	71.02%	70.98%	68.93%	67.74%	66.98%	68.46%	65.16%	65.64%	65.71%	65.69%	65.42%	59.92%	61.22%	60.19%	61.66%	63.53%	46.68%
Income Tax Expense	-484M	234M	1,059M	1,305M	1,393M	1,330M	1,263M	851M	797M	804M	-2,867M	612M	1,285M	1,337M	1,130M	1,637M	2,679M	1,995M	1,982M	2,028M	1,841M	1,840M	1,674M	1,592M	1,388M	1,588M	1,964M	1,723M	1,627M	1,503M	1,202M	966M	702M	1,025M	1,032M	685M	1,241M	886M	785M
Return on Income Tax Expense	568.99%	515.06%	398.48%	349.08%	315.48%	291.61%	270.01%	399.65%	550.82%	519.03%	243.98%	943.95%	460.78%	407.55%	404.42%	326.76%	181.34%	253.13%	243.84%	244.38%	253.07%	241.52%	255.85%	256.60%	230.04%	217.88%	208.55%	223.51%	193.36%	198.94%	199.92%	204.35%	203.70%	173.85%	170.83%	171.53%	170.91%	172.23%	124.33%
Depreciation and Amortization	1,496M	1,663M	1,585M	1,485M	1,386M	1,310M	1,238M	1,200M	1,440M	1,224M	1,433M	1,831M	1,915M	1,911M	1,593M	1,488M	1,544M	1,474M	1,435M	1,408M	1,371M	1,288M	1,236M	1,120M	1,157M	1,153M	1,072M	1,079M	986M	999M	964M	954M	1,089M	1,025M	900M	866M	870M	883M	859M
Return on Depreciation and Amortization	56.10%	152.53%	240.30%	276.74%	289.26%	273.84%	256.92%	283.42%	304.86%	340.93%	-488.14%	315.51%	309.19%	285.14%	286.88%	359.48%	314.64%	342.61%	336.79%	351.99%	339.82%	345.03%	346.52%	364.73%	275.97%	300.09%	382.09%	356.90%	319.07%	299.30%	249.27%	206.92%	131.31%	173.85%	195.89%	135.68%	243.79%	172.82%	113.62%
EBITDA	2,347M	5,175M	6,874M	7,172M	7,006M	6,476M	5,955M	6,385M	7,447M	7,225M	-8,906M	8,721M	9,576M	9,259M	7,736M	8,728M	9,176M	8,734M	8,487M	8,535M	7,933M	7,860M	7,421M	7,090M	5,946M	6,476M	7,397M	6,826M	5,896M	5,623M	4,705M	4,000M	3,362M	4,083M	3,856M	2,905M	3,545M	3,374M	3,080M
Return on EBITDA	67.51%	64.65%	61.13%	60.00%	58.61%	56.48%	54.50%	53.27%	58.95%	57.76%	78.54%	66.24%	61.83%	58.85%	59.07%	61.29%	52.94%	57.82%	56.95%	58.07%	58.73%	56.54%	57.71%	57.62%	53.70%	53.43%	55.37%	56.42%	53.36%	53.17%	51.07%	49.35%	42.53%	43.64%	45.72%	40.45%	59.83%	45.23%	31.69%
NOPAT	3,603M	4,516M	4,870M	4,801M	4,489M	4,038M	3,628M	3,891M	7,505M	4,110M	3,016M	3,684M	6,185M	5,587M	5,594M	5,956M	4,661M	5,034M	4,875M	5,065M	4,792M	4,600M	4,521M	4,332M	3,492M	3,796M	3,655M	3,577M	3,238M	3,067M	2,493M	2,067M	1,543M	2,004M	1,897M	1,323M	1,710M	1,572M	1,387M
Return on NOPAT	8.81%	43.94%	69.49%	78.37%	83.75%	85.84%	87.31%	87.41%	58.50%	101.54%	-231.94%	156.83%	95.73%	97.53%	81.69%	89.81%	104.22%	100.33%	99.14%	97.85%	97.23%	96.61%	94.74%	94.29%	91.44%	91.14%	112.05%	107.65%	97.15%	97.48%	96.41%	95.51%	92.67%	88.92%	92.95%	88.78%	124.04%	97.06%	70.36%
Owner's Earnings	1,197M	3,137M	4,035M	4,110M	3,714M	3,374M	3,008M	3,784M	4,720M	4,355M	-6,623M	5,859M	6,233M	5,859M	4,464M	5,260M	5,029M	5,104M	4,807M	4,871M	4,365M	4,248M	4,060M	3,765M	2,290M	2,775M	2,674M	2,683M	2,203M	2,053M	2,631M	2,165M	1,539M	1,692M	1,624M	611M	1,585M	1,300M	747M
Return on Owner's Earnings	100.01%	97.61%	98.82%	101.02%	110.95%	109.81%	114.27%	89.88%	93.01%	95.82%	105.62%	98.60%	94.99%	93.00%	102.37%	101.69%	96.60%	98.94%	100.54%	101.75%	106.74%	104.61%	105.49%	108.50%	139.43%	124.68%	153.18%	143.53%	142.81%	145.64%	91.33%	91.18%	92.92%	105.32%	108.56%	192.31%	133.82%	117.38%	130.66%

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	985M	2,865M	3,899M	4,094M	3,958M	3,589M	3,243M	4,173M	-6,995M	5,777M	5,921M	5,449M	4,570M	5,349M	4,858M	5,050M	4,833M	4,956M	4,659M	4,444M	4,283M	4,085M	3,193M	3,460M	4,096M	3,851M	3,146M	2,990M	2,403M	1,974M	1,430M	1,782M	1,763M	1,175M	2,121M	1,526M	976M
Cash & Cash Equivalents	4,997M	4,838M	3,664M	3,307M	2,945M	2,601M	2,231M	5,600M	5,735M	3,655M	4,564M	4,634M	2,353M	2,853M	3,053M	2,398M	1,798M	1,897M	2,581M	2,883M	2,219M	3,377M	3,040M	1,849M	1,896M	1,447M	1,072M	2,757M	1,836M	618M	616M	302M	387M	211M	230M	583M	485M
Return on Cash & Cash Equivalents	36.87%	71.59%	137.81%	152.54%	167.79%	189.47%	237.81%	74.52%	-121.97%	158.06%	129.73%	117.59%	194.22%	187.49%	159.12%	210.59%	268.80%	261.25%	180.51%	154.14%	193.01%	120.97%	105.03%	187.13%	216.03%	266.14%	293.47%	108.45%	130.88%	319.42%	232.14%	590.07%	455.56%	556.87%	922.17%	261.75%	201.24%
Short-Term Investments	805M	604M	497M	704M	637M	509M	457M	2,128M	50M	238M	201M	404M	98M	380M	1,076M	280M	118M	626M	756M	1,648M	1,461M	1,101M	744M	373M	579M	471M	0M	0M	0M	0M	0M	0M	54M	237M	247M	161M	287M
Return on Short-Term Investments	-3,788.86%	-1,414.41%	534.97%	512.76%	528.66%	422.93%	549.35%	196.10%	-13,990.00%	2,427.31%	2,945.77%	1,348.76%	4,663.27%	1,407.63%	451.49%	1,803.57%	4,095.76%	791.69%	616.27%	269.66%	293.16%	371.03%	429.17%	927.61%	707.43%	817.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3,264.81%	495.78%	858.70%	947.83%	340.07%
Cash & Short-Term Investments	5,802M	5,442M	4,162M	4,011M	3,582M	3,111M	2,688M	7,728M	5,785M	3,893M	4,765M	5,038M	2,451M	3,233M	4,129M	2,678M	1,916M	2,523M	3,337M	4,531M	3,680M	4,478M	3,784M	2,222M	2,475M	1,918M	1,072M	2,757M	1,836M	618M	616M	302M	441M	448M	477M	744M	772M
Return on Cash & Short-Term Investments	27.16%	62.78%	122.43%	124.40%	138.29%	165.87%	186.17%	54.00%	-120.92%	148.39%	124.26%	108.16%	186.45%	165.45%	117.66%	188.57%	252.24%	196.43%	139.62%	98.08%	116.39%	91.22%	84.38%	155.72%	165.49%	200.78%	293.47%	108.45%	130.88%	319.42%	232.14%	590.07%	399.77%	262.28%	444.65%	205.11%	126.42%
Net Receivables	3,872M	4,243M	4,505M	4,372M	4,116M	3,894M	3,671M	3,272M	3,710M	4,635M	4,770M	4,830M	4,963M	5,123M	4,982M	4,501M	4,260M	4,315M	4,352M	4,186M	3,976M	3,707M	3,360M	3,325M	3,582M	3,357M	3,121M	3,335M	3,162M	2,840M	2,786M	2,891M	2,778M	2,666M	2,434M	2,504M	2,398M
Return on Net Receivables	21.21%	60.12%	82.02%	91.08%	94.76%	89.73%	84.65%	127.54%	-188.54%	124.64%	124.13%	112.82%	92.08%	104.41%	97.51%	112.20%	113.45%	114.86%	107.05%	106.16%	107.72%	110.20%	95.03%	104.06%	114.35%	114.72%	100.80%	89.66%	76.00%	69.51%	51.33%	61.64%	63.46%	44.07%	87.14%	60.94%	40.70%
Inventory	4,338M	4,448M	4,168M	3,977M	3,646M	3,319M	3,136M	3,698M	3,944M	5,372M	4,985M	4,239M	4,134M	4,366M	4,034M	3,385M	3,518M	3,706M	3,864M	3,837M	3,416M	3,155M	2,639M	3,013M	2,852M	2,601M	2,162M	1,897M	1,816M	1,931M	2,091M	2,312M	2,030M	2,219M	2,399M	2,264M	2,206M
Return on Inventory	14.34%	58.07%	93.04%	103.69%	111.42%	110.64%	103.53%	112.84%	-177.36%	107.54%	118.78%	128.54%	110.55%	122.51%	120.43%	149.19%	137.38%	133.73%	120.57%	115.82%	125.38%	129.48%	120.99%	114.84%	143.62%	148.06%	145.51%	157.62%	132.32%	102.23%	68.39%	77.08%	86.85%	52.95%	88.41%	67.40%	44.24%
Other Current Assets	1,638M	1,334M	1,267M	1,194M	1,136M	1,068M	1,047M	1,186M	2,940M	788M	883M	875M	1,423M	987M	1,132M	1,162M	1,292M	946M	1,180M	1,076M	1,168M	875M	1,012M	1,038M	929M	1,070M	760M	731M	906M	670M	803M	874M	871M	985M	858M	974M	1,019M
Return on Other Current Assets	282.35%	428.07%	424.13%	427.10%	413.51%	384.84%	348.08%	351.85%	-237.93%	733.12%	670.55%	622.74%	321.15%	541.95%	429.15%	434.60%	374.07%	523.89%	394.83%	413.01%	366.70%	466.86%	315.51%	333.33%	440.90%	359.91%	413.95%	409.03%	265.23%	294.63%	178.08%	203.89%	202.41%	119.29%	247.20%	156.67%	95.78%
Total Current Assets	15,650M	15,467M	14,101M	13,573M	12,494M	11,402M	10,550M	15,884M	16,379M	14,688M	15,403M	14,982M	12,971M	13,709M	14,277M	11,726M	10,986M	11,765M	12,733M	13,630M	12,240M	12,215M	10,795M	9,598M	9,838M	8,946M	7,115M	8,720M	7,720M	6,059M	6,296M	6,379M	6,066M	6,318M	6,168M	6,486M	6,395M
Return on Total Current Assets	7.63%	19.54%	29.30%	31.52%	33.37%	32.64%	31.23%	26.27%	-42.71%	39.33%	38.44%	36.37%	35.23%	39.02%	34.03%	43.07%	43.99%	42.12%	36.59%	32.60%	34.99%	33.44%	29.58%	36.05%	41.63%	43.05%	44.22%	34.29%	31.13%	32.58%	22.71%	27.94%	29.06%	18.60%	34.39%	23.53%	15.26%
Property, Plant & Equipment	8,769M	9,376M	9,171M	8,811M	8,207M	7,701M	7,275M	7,953M	8,347M	10,007M	10,287M	10,285M	10,191M	8,738M	8,866M	8,516M	8,515M	8,489M	8,652M	8,378M	7,666M	7,279M	7,000M	6,886M	6,582M	5,907M	5,593M	5,711M	5,609M	5,621M	5,615M	5,823M	5,656M	5,566M	5,034M	4,844M	4,638M
Return on Property, Plant & Equipment	8.80%	27.39%	41.38%	46.07%	48.53%	46.28%	43.47%	52.47%	-83.80%	57.73%	57.56%	52.98%	44.84%	61.22%	54.79%	59.30%	56.76%	58.38%	53.85%	53.04%	55.87%	56.12%	45.61%	50.25%	62.23%	65.19%	56.25%	52.36%	42.84%	35.12%	25.47%	30.60%	31.17%	21.11%	42.13%	31.50%	21.04%
Goodwill	8,484M	10,548M	10,516M	9,387M	8,227M	6,785M	5,654M	6,281M	6,382M	12,790M	13,486M	13,802M	13,444M	10,051M	10,513M	9,166M	9,249M	7,050M	7,345M	7,385M	7,047M	6,820M	5,832M	5,753M	4,589M	4,082M	3,473M	2,655M	2,419M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	0.67%	17.08%	32.62%	42.72%	51.49%	49.67%	41.39%	66.44%	-109.61%	45.17%	43.90%	39.48%	33.99%	53.22%	46.21%	55.09%	52.25%	70.30%	63.43%	60.18%	60.78%	59.90%	54.75%	60.14%	89.26%	94.34%	90.58%	112.62%	99.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	2,411M	3,671M	3,525M	2,935M	2,438M	2,142M	1,807M	1,210M	1,323M	4,699M	5,288M	5,835M	6,379M	2,657M	2,936M	2,320M	2,601M	1,435M	1,688M	1,925M	1,916M	1,820M	1,342M	1,398M	801M	708M	486M	277M	274M	2,167M	1,213M	852M	657M	0M	0M	0M	0M
Return on Intangible Assets	-20.30%	28.89%	98.64%	152.44%	223.73%	273.97%	237.25%	344.88%	-528.72%	122.94%	111.97%	93.38%	71.64%	201.32%	165.46%	217.67%	185.81%	345.37%	276.01%	230.86%	223.54%	224.45%	237.93%	247.50%	511.36%	543.93%	647.33%	1,079.42%	877.01%	91.09%	117.89%	209.15%	268.34%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	1,227M	832M	495M	647M	631M	532M	443M	2,505M	210M	967M	262M	214M	196M	188M	150M	128M	126M	117M	1,575M	1,325M	1,051M	686M	928M	463M	778M	480M	272M	227M	218M	238M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Investments	-855.65%	447.85%	1,843.58%	1,620.39%	1,394.13%	1,245.26%	1,037.72%	166.59%	-3,330.95%	597.41%	2,259.92%	2,546.26%	2,331.63%	2,845.21%	3,238.67%	3,945.31%	3,835.71%	4,235.90%	295.81%	335.40%	407.52%	595.48%	344.07%	747.30%	526.48%	802.29%	1,156.62%	1,317.18%	1,102.29%	829.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	3,295M	2,267M	1,383M	1,171M	990M	825M	707M	4,146M	4,779M	959M	581M	871M	521M	365M	511M	422M	675M	1,130M	360M	578M	1,018M	648M	625M	1,053M	176M	253M	138M	132M	183M	210M	152M	143M	88M	88M	167M	132M	105M
Return on Tax Assets	185.56%	440.28%	740.74%	730.68%	896.44%	985.36%	1,044.27%	100.65%	-146.37%	602.40%	1,019.10%	625.60%	877.16%	1,465.48%	950.68%	1,196.68%	716.00%	438.58%	1,294.17%	768.86%	420.73%	630.40%	510.88%	328.58%	2,327.27%	1,522.13%	2,279.71%	2,265.15%	1,313.11%	940.00%	940.79%	1,246.15%	2,003.41%	1,335.23%	1,270.06%	1,156.06%	929.52%
Other Non-Current Assets	5,798M	4,103M	2,434M	1,885M	1,789M	1,763M	1,817M	1,889M	13,160M	2,345M	1,765M	1,355M	957M	792M	734M	611M	731M	711M	1,197M	655M	678M	688M	728M	467M	1,930M	918M	3,464M	2,986M	1,177M	1,482M	1,330M	1,325M	1,429M	2,181M	1,869M	1,902M	3,045M
Return on Other Non-Current Assets	138.04%	230.34%	445.41%	496.29%	467.32%	401.04%	347.63%	220.91%	-53.15%	246.35%	335.47%	402.14%	477.53%	675.38%	661.85%	826.51%	661.15%	697.05%	389.22%	678.47%	631.71%	593.75%	438.60%	740.90%	212.23%	419.50%	90.82%	100.13%	204.16%	133.20%	107.52%	134.49%	123.37%	53.87%	113.48%	80.23%	32.05%
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	29,984M	30,797M	27,508M	24,865M	22,299M	19,743M	17,699M	23,984M	34,201M	31,767M	31,669M	32,362M	31,688M	22,791M	23,710M	21,180M	21,732M	19,504M	20,817M	20,246M	19,376M	17,941M	16,455M	15,949M	14,856M	12,348M	13,398M	11,988M	9,880M	9,270M	8,310M	8,143M	7,830M	7,835M	7,070M	6,878M	7,788M
Return on Total Non-Current Assets	5.04%	10.13%	15.51%	17.98%	19.65%	20.11%	20.17%	17.40%	-20.45%	18.19%	18.70%	16.84%	14.42%	23.47%	20.49%	23.84%	22.24%	25.41%	22.38%	21.95%	22.10%	22.77%	19.40%	21.69%	27.57%	31.19%	23.48%	24.94%	24.32%	21.29%	17.21%	21.88%	22.52%	15.00%	30.00%	22.19%	12.53%
Total Assets	45,634M	46,264M	41,609M	38,437M	34,793M	31,145M	28,248M	39,868M	50,580M	46,455M	47,072M	47,344M	44,659M	36,500M	37,987M	32,906M	32,718M	31,269M	33,550M	33,876M	31,616M	30,156M	27,250M	25,547M	24,694M	21,294M	20,513M	20,708M	17,600M	15,329M	14,606M	14,522M	13,896M	14,153M	13,238M	13,364M	14,183M
Return on Total Assets	3.02%	6.63%	10.10%	11.39%	12.31%	12.37%	12.15%	10.47%	-13.83%	12.44%	12.58%	11.51%	10.23%	14.65%	12.79%	15.35%	14.77%	15.85%	13.89%	13.12%	13.55%	13.55%	11.72%	13.54%	16.59%	18.08%	15.34%	14.44%	13.65%	12.88%	9.79%	12.27%	12.69%	8.30%	16.02%	11.42%	6.88%
Accounts Payable	2,873M	2,835M	2,411M	2,185M	1,985M	1,789M	1,639M	2,660M	2,776M	3,183M	2,994M	2,561M	2,228M	2,266M	1,945M	1,798M	1,694M	1,807M	1,799M	1,762M	1,643M	1,662M	1,453M	1,301M	1,505M	1,402M	1,256M	1,168M	1,087M	945M	753M	1,081M	1,008M	868M	898M	895M	762M
Return on Accounts Payable	28.80%	99.38%	175.40%	203.06%	216.45%	214.79%	207.16%	156.88%	-251.98%	181.50%	197.76%	212.77%	205.12%	236.05%	249.77%	280.87%	285.30%	274.27%	258.98%	252.21%	260.68%	245.79%	219.75%	265.95%	272.16%	274.68%	250.48%	255.99%	221.07%	208.89%	189.91%	164.85%	174.90%	135.37%	236.19%	170.50%	128.08%
Short-Term Debt	2,473M	2,010M	1,852M	1,480M	1,442M	1,465M	1,423M	2,082M	3,139M	2,199M	1,570M	1,062M	3,042M	1,211M	1,853M	972M	1,389M	106M	1,683M	527M	95M	1,269M	613M	1,552M	901M	2,506M	1,072M	2,094M	1,202M	1,237M	1,373M	1,866M	1,130M	1,492M	1,499M	1,117M	822M
Return on Short-Term Debt	80.10%	226.10%	285.21%	898.53%	756.18%	633.02%	548.57%	200.43%	-222.84%	262.71%	377.13%	513.09%	150.23%	441.70%	262.17%	519.55%	347.95%	4,675.47%	276.83%	843.26%	4,508.42%	321.91%	520.88%	222.94%	454.61%	153.67%	293.47%	142.79%	199.92%	159.58%	104.15%	95.50%	156.02%	78.75%	141.49%	136.62%	118.73%
Tax Payables	280M	280M	278M	327M	453M	446M	372M	0M	582M	259M	260M	300M	194M	243M	310M	299M	332M	435M	417M	371M	355M	554M	450M	491M	712M	1,310M	1,187M	1,041M	1,051M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	342.87%	1,024.45%	1,439.09%	1,319.28%	1,116.89%	914.14%	761.79%	0.00%	-1,201.89%	2,230.50%	2,277.31%	1,816.33%	2,355.67%	2,201.23%	1,567.10%	1,688.96%	1,455.72%	1,139.31%	1,117.27%	1,197.84%	1,206.48%	737.36%	709.56%	704.68%	575.28%	293.97%	265.04%	287.22%	228.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	192M	321M	423M	435M	401M	346M	288M	15M	23M	538M	529M	498M	430M	617M	513M	551M	518M	541M	521M	471M	389M	369M	316M	322M	323M	299M	237M	226M	196M	198M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	-506.42%	138.84%	542.04%	692.16%	817.54%	795.87%	663.23%	27,820.00%	-30,413.04%	1,073.79%	1,119.28%	1,094.18%	1,062.79%	866.94%	946.98%	916.52%	933.01%	916.08%	894.24%	943.52%	1,101.03%	1,107.05%	1,010.44%	1,074.53%	1,268.11%	1,287.96%	1,327.43%	1,323.01%	1,226.02%	996.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	6,207M	5,166M	3,947M	3,479M	3,122M	2,871M	2,694M	6,499M	8,777M	3,344M	3,682M	3,527M	3,328M	2,907M	2,550M	2,114M	2,738M	2,070M	3,078M	2,744M	2,585M	2,235M	2,065M	2,462M	1,921M	1,806M	1,999M	1,542M	1,546M	2,077M	2,383M	1,807M	1,681M	1,862M	1,586M	1,777M	2,140M
Return on Other Current Liabilities	52.42%	94.51%	139.98%	153.40%	159.00%	151.32%	140.54%	64.21%	-79.70%	172.76%	160.81%	154.49%	137.32%	184.00%	190.51%	238.88%	176.52%	239.42%	151.36%	161.95%	165.69%	182.77%	154.62%	140.54%	213.22%	213.23%	157.38%	193.90%	155.43%	95.04%	60.01%	98.62%	104.88%	63.10%	133.73%	85.88%	45.61%
Total Current Liabilities	12,025M	10,612M	9,055M	8,118M	7,522M	7,012M	6,500M	11,256M	15,297M	9,523M	9,035M	7,948M	9,222M	7,244M	7,687M	6,219M	7,118M	5,998M	7,498M	6,200M	5,441M	6,089M	4,897M	5,839M	5,362M	7,323M	5,238M	6,071M	5,082M	4,457M	4,509M	4,754M	3,819M	4,386M	3,983M	3,789M	3,724M
Return on Total Current Liabilities	17.34%	37.22%	52.18%	58.94%	59.88%	56.30%	53.34%	37.07%	-45.73%	60.66%	65.53%	68.56%	49.56%	73.84%	63.20%	81.20%	67.90%	82.63%	62.14%	71.68%	78.72%	67.09%	65.20%	59.26%	76.39%	52.59%	60.06%	49.25%	47.28%	44.29%	31.71%	37.48%	46.16%	26.79%	53.25%	40.27%	26.21%
Long-Term Debt	13,282M	15,055M	13,868M	10,912M	9,034M	7,516M	6,469M	11,577M	13,612M	14,656M	16,740M	18,691M	18,236M	13,486M	12,156M	10,723M	8,799M	6,790M	4,384M	4,987M	4,563M	4,277M	5,204M	5,224M	4,088M	1,112M	1,368M	798M	1,805M	2,142M	1,520M	971M	1,480M	1,614M	1,015M	851M	1,203M
Return on Long-Term Debt	8.02%	17.72%	29.53%	50.20%	77.86%	97.39%	103.20%	36.05%	-51.39%	39.42%	35.37%	29.15%	25.06%	39.66%	39.96%	47.10%	54.93%	72.99%	106.27%	89.11%	93.86%	95.51%	61.36%	66.23%	100.20%	346.31%	229.97%	374.69%	133.13%	92.16%	94.08%	183.52%	119.12%	72.80%	208.97%	179.32%	81.13%
Capital Lease Obligations	749M	830M	469M	260M	213M	176M	147M	615M	716M	916M	947M	958M	965M	75M	60M	45M	-609M	59M	58M	-487M	-508M	94M	107M	58M	69M	65M	59M	71M	70M	2M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	110.75%	305.26%	2,765.72%	3,112.00%	3,641.14%	7,166.67%	5,972.23%	678.54%	-976.96%	630.68%	625.24%	568.79%	473.58%	7,132.00%	8,096.67%	11,222.22%	-793.60%	8,400.00%	8,032.76%	-912.53%	-843.11%	4,345.74%	2,984.11%	5,965.52%	5,936.23%	5,924.62%	5,332.20%	4,211.27%	3,432.86%	98,700.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	409M	404M	353M	322M	349M	381M	344M	354M	315M	559M	458M	333M	301M	279M	235M	145M	551M	141M	538M	167M	251M	198M	91M	21M	355M	84M	1,609M	1,284M	426M	0M	469M	362M	332M	193M	89M	97M	90M
Return on Deferred Tax Liabilities	-2.79%	584.15%	1,278.34%	1,572.99%	2,475.68%	2,044.31%	1,909.61%	1,178.81%	-2,220.63%	1,033.45%	1,292.79%	1,636.34%	1,518.27%	1,917.20%	2,067.23%	3,482.76%	877.13%	3,514.89%	865.99%	2,661.08%	1,706.37%	2,063.13%	3,508.79%	16,476.19%	1,153.80%	4,584.52%	195.53%	232.87%	564.08%	0.00%	304.90%	492.27%	531.02%	608.81%	2,383.15%	1,573.20%	1,084.44%
Other Non-Current Liabilities	12,074M	9,877M	7,844M	6,685M	5,821M	5,048M	4,508M	12,787M	16,488M	6,947M	5,722M	7,441M	6,774M	5,643M	6,250M	5,461M	4,928M	5,177M	3,163M	4,453M	5,480M	3,557M	3,733M	4,383M	3,106M	2,766M	2,153M	2,122M	2,330M	2,279M	1,495M	1,558M	1,605M	1,798M	1,864M	1,970M	1,799M
Return on Other Non-Current Liabilities	24.46%	50.02%	68.06%	81.10%	89.91%	93.55%	91.98%	32.63%	-42.42%	83.16%	103.48%	73.23%	67.46%	94.79%	77.73%	92.47%	98.07%	95.73%	147.30%	99.80%	78.16%	114.84%	85.53%	78.94%	131.87%	139.23%	146.12%	140.90%	103.13%	86.62%	95.65%	114.38%	109.84%	65.35%	113.79%	77.46%	54.25%
Total Non-Current Liabilities	25,765M	25,336M	22,027M	17,900M	15,208M	12,972M	11,338M	24,718M	30,415M	22,162M	22,920M	26,465M	25,311M	19,408M	18,678M	16,344M	13,853M	12,129M	8,104M	9,636M	10,313M	8,050M	9,051M	9,829M	7,585M	4,012M	5,175M	4,259M	4,633M	4,879M	3,484M	2,891M	3,417M	3,441M	2,968M	2,918M	3,092M
Return on Total Non-Current Liabilities	6.65%	13.27%	20.38%	29.37%	36.09%	39.48%	40.94%	16.88%	-23.00%	26.07%	25.83%	20.59%	18.06%	27.56%	26.01%	30.90%	34.89%	40.86%	57.49%	46.12%	41.53%	50.75%	35.28%	35.20%	54.00%	95.99%	60.79%	70.20%	51.87%	40.46%	41.04%	61.64%	51.59%	34.15%	71.46%	52.30%	31.57%
Total Liabilities	37,790M	35,948M	31,082M	26,019M	22,730M	19,984M	17,838M	35,974M	45,712M	31,685M	31,955M	34,413M	34,533M	26,652M	26,365M	22,563M	20,971M	18,127M	15,602M	15,836M	15,754M	14,139M	13,948M	15,668M	12,947M	11,335M	10,413M	10,330M	9,715M	9,336M	7,993M	7,645M	7,236M	7,827M	6,951M	6,707M	6,816M
Return on Total Liabilities	4.84%	9.78%	14.61%	19.16%	21.41%	21.77%	21.71%	11.60%	-15.30%	18.23%	18.53%	15.83%	13.23%	20.07%	18.43%	22.38%	23.05%	27.34%	29.86%	28.06%	27.19%	28.89%	22.89%	22.08%	31.64%	33.97%	30.21%	28.94%	24.73%	21.14%	17.89%	23.31%	24.36%	15.01%	30.51%	22.75%	14.32%
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	9M	9M	9M	9M	9M	9M	50M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M	5M	5M	5M	236M	236M	236M	296M	296M
Return on Common Stock	10,944.44%	31,833.33%	43,316.67%	45,490.37%	43,976.67%	41,727.02%	34,872.15%	46,366.67%	-77,722.22%	64,188.89%	65,788.89%	60,544.44%	50,777.78%	59,433.33%	53,977.78%	56,111.11%	53,700.00%	55,066.67%	51,766.67%	49,377.78%	47,588.89%	45,388.89%	35,477.78%	38,444.44%	45,511.11%	42,788.89%	34,955.56%	33,222.22%	26,700.00%	39,480.00%	28,600.00%	35,640.00%	747.03%	497.88%	898.73%	515.54%	329.73%
Retained Earnings	40,742M	42,362M	40,818M	37,329M	33,077M	29,095M	25,862M	36,797M	37,479M	47,950M	45,821M	43,761M	42,135M	40,636M	39,115M	37,907M	36,575M	34,317M	32,416M	30,679M	28,348M	25,995M	23,753M	22,248M	20,316M	17,933M	17,358M	15,649M	14,010M	12,748M	11,914M	11,517M	10,741M	9,980M	9,848M	8,756M	9,164M
Return on Retained Earnings	1.57%	6.02%	9.31%	11.15%	12.80%	13.41%	13.77%	11.34%	-18.66%	12.05%	12.92%	12.45%	10.85%	13.16%	12.42%	13.32%	13.21%	14.44%	14.37%	14.49%	15.11%	15.71%	13.44%	15.55%	20.16%	21.47%	18.12%	19.11%	17.15%	15.48%	12.00%	15.47%	16.41%	11.77%	21.54%	17.43%	10.65%
Accumulated OCI	-6,394M	-6,719M	-6,923M	-6,183M	-5,159M	-4,384M	-3,779M	-5,731M	-6,778M	-6,673M	-6,750M	-7,661M	-8,139M	-6,866M	-7,026M	-7,245M	-6,359M	-6,289M	-3,913M	-4,750M	-5,025M	-3,543M	-3,754M	-3,646M	-747M	-1,873M	-411M	132M	-1,554M	-2,284M	-1,491M	-1,217M	-915M	-858M	-918M	-575M	-523M
Return on Accumulated OCI	-18.73%	-43.01%	-56.39%	-70.39%	-137.76%	-38.94%	-66.21%	-72.81%	103.20%	-86.57%	-87.72%	-71.13%	-56.15%	-77.91%	-69.14%	-69.70%	-76.00%	-78.80%	-119.06%	-93.56%	-85.23%	-115.30%	-85.06%	-94.90%	-548.33%	-205.61%	-765.45%	2,265.15%	-154.63%	-86.43%	-95.91%	-146.43%	-192.68%	-136.95%	-231.05%	-265.39%	-186.62%
Minority Interest	54M	59M	55M	153M	142M	148M	189M	52M	61M	48M	71M	64M	63M	52M	59M	45M	39M	33M	446M	465M	442M	354M	538M	0M	0M	0M	0M	0M	0M	0M	527M	346M	371M	390M	361M	373M	483M
Return on Minority Interest	2,864.40%	5,089.34%	7,483.56%	6,265.14%	4,728.53%	3,814.28%	3,244.41%	8,025.00%	-11,467.21%	12,035.42%	8,339.44%	8,514.06%	7,253.97%	10,286.54%	8,233.90%	11,222.22%	12,392.31%	15,018.18%	1,044.62%	955.70%	969.00%	1,153.95%	593.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	271.35%	515.03%	475.20%	301.28%	587.53%	409.12%	202.07%
Total Shareholders’ Equity	7,790M	10,257M	10,443M	12,247M	11,922M	11,013M	10,221M	3,842M	4,807M	14,722M	15,046M	12,867M	10,063M	9,796M	11,563M	10,298M	11,429M	13,109M	17,502M	17,575M	15,420M	15,663M	12,764M	9,880M	11,747M	9,959M	10,395M	10,378M	7,885M	5,993M	6,086M	6,531M	6,289M	5,936M	5,926M	6,284M	6,884M
Return on Total Shareholders’ Equity	0.78%	16.81%	31.74%	30.73%	31.24%	30.71%	29.66%	108.62%	-145.52%	39.24%	39.35%	42.35%	45.41%	54.60%	42.01%	49.04%	42.29%	37.81%	26.62%	25.29%	27.78%	26.08%	25.02%	35.02%	34.87%	38.67%	30.26%	28.81%	30.48%	32.94%	23.50%	27.29%	28.03%	19.79%	35.79%	24.28%	14.18%
Total Equity	7,844M	10,316M	10,499M	12,400M	12,085M	11,178M	10,425M	3,894M	4,868M	14,770M	15,117M	12,931M	10,126M	9,848M	11,622M	10,343M	11,468M	13,142M	17,948M	18,040M	15,862M	16,017M	13,302M	10,304M	11,747M	9,959M	10,395M	10,378M	7,885M	5,993M	6,613M	6,877M	6,660M	6,326M	6,287M	6,657M	7,367M
Return on Total Equity	0.86%	16.78%	31.61%	30.46%	30.92%	30.32%	29.10%	107.16%	-143.69%	39.11%	39.17%	42.14%	45.13%	54.32%	41.80%	48.83%	42.14%	37.71%	25.96%	24.63%	27.00%	25.50%	24.00%	33.58%	34.87%	38.67%	30.26%	28.81%	30.48%	32.94%	21.62%	25.91%	26.47%	18.57%	33.74%	22.92%	13.25%
Total Liabilities & Equity	45,634M	46,264M	41,609M	38,437M	34,793M	31,145M	28,248M	39,868M	50,580M	46,455M	47,072M	47,344M	44,659M	36,500M	37,987M	32,906M	32,718M	31,269M	33,550M	33,876M	31,616M	30,156M	27,250M	25,547M	24,694M	21,294M	20,513M	20,708M	17,600M	15,329M	14,606M	14,522M	13,896M	14,153M	13,238M	13,364M	14,183M
Return on Total Liabilities & Equity	3.02%	6.63%	10.10%	11.39%	12.31%	12.37%	12.15%	10.47%	-13.83%	12.44%	12.58%	11.51%	10.23%	14.65%	12.79%	15.35%	14.77%	15.85%	13.89%	13.12%	13.55%	13.55%	11.72%	13.54%	16.59%	18.08%	15.34%	14.44%	13.65%	12.88%	9.79%	12.27%	12.69%	8.30%	16.02%	11.42%	6.88%
Total Investments	2,033M	1,436M	992M	1,405M	1,308M	1,074M	928M	4,633M	260M	1,205M	463M	618M	294M	568M	1,226M	408M	244M	1,556M	2,331M	2,973M	2,512M	1,787M	1,672M	836M	1,357M	951M	272M	227M	218M	238M	0M	0M	54M	237M	247M	161M	287M
Return on Total Investments	-706.96%	7.93%	615.05%	481.17%	484.29%	517.38%	628.06%	90.07%	-2,690.38%	479.42%	1,278.83%	881.72%	1,554.42%	941.73%	396.25%	1,237.75%	1,980.74%	318.51%	199.87%	149.48%	170.50%	228.60%	190.97%	413.88%	301.84%	404.94%	1,156.62%	1,317.18%	1,102.29%	829.41%	0.00%	0.00%	3,264.81%	495.78%	858.70%	947.83%	340.07%
Net Debt	10,758M	12,228M	12,121M	9,203M	7,619M	6,451M	5,720M	8,059M	11,016M	13,200M	13,746M	15,119M	18,925M	11,844M	10,956M	9,297M	9,045M	4,973M	3,486M	3,189M	3,026M	2,169M	2,777M	4,927M	3,093M	2,171M	1,368M	135M	1,171M	2,761M	2,277M	2,535M	2,223M	2,895M	2,284M	1,385M	1,540M
Return on Net Debt	10.68%	22.23%	33.26%	69.01%	88.00%	175.39%	159.03%	51.78%	-63.50%	43.77%	43.07%	36.04%	24.15%	45.16%	44.34%	54.32%	53.43%	99.66%	133.65%	139.35%	141.54%	188.34%	114.98%	70.23%	132.43%	177.38%	229.97%	2,214.81%	205.21%	71.50%	62.80%	70.30%	79.31%	40.59%	92.86%	110.18%	63.38%

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	985M	2,865M	3,899M	4,094M	3,958M	3,589M	3,243M	4,173M	-6,995M	5,777M	5,921M	5,449M	4,570M	5,349M	4,858M	5,050M	4,833M	4,956M	4,659M	4,444M	4,283M	4,085M	3,193M	3,460M	4,096M	3,851M	3,146M	2,990M	2,403M	1,974M	1,430M	1,782M	1,763M	1,175M	2,121M	1,526M	976M
Working Capital	3,625M	4,855M	5,046M	5,454M	4,972M	4,390M	4,049M	4,628M	1,082M	5,165M	6,368M	7,034M	3,749M	6,465M	6,590M	5,507M	3,868M	5,767M	5,235M	7,430M	6,799M	6,126M	5,898M	3,759M	4,476M	1,623M	1,877M	2,649M	2,638M	1,602M	1,787M	1,625M	2,247M	1,932M	2,185M	2,697M	2,671M
Return on Working Capital	-148.16%	-54.80%	22.10%	39.03%	61.40%	69.79%	69.14%	90.17%	-646.49%	111.85%	92.98%	77.47%	121.90%	82.74%	73.72%	91.70%	124.95%	85.94%	89.00%	59.81%	62.99%	66.68%	54.14%	92.05%	91.51%	237.28%	167.61%	112.87%	91.09%	123.22%	80.02%	109.66%	78.46%	60.82%	97.07%	56.58%	36.54%
Total Capital	23,545M	27,322M	26,228M	24,757M	22,487M	20,065M	18,172M	17,501M	21,558M	31,577M	33,356M	32,620M	31,341M	24,493M	25,572M	21,993M	22,272M	19,979M	23,569M	23,647M	20,665M	21,209M	18,581M	16,656M	16,736M	13,577M	12,835M	13,270M	10,892M	9,372M	8,979M	9,368M	8,899M	9,042M	8,440M	8,252M	8,909M
Return on Total Capital	3.23%	8.83%	14.42%	16.51%	18.14%	18.54%	18.36%	23.84%	-32.45%	18.29%	17.75%	16.70%	14.58%	21.84%	19.00%	22.96%	21.70%	24.81%	19.77%	18.79%	20.73%	19.26%	17.18%	20.77%	24.47%	28.36%	24.51%	22.53%	22.06%	21.06%	15.93%	19.02%	19.81%	12.99%	25.13%	18.49%	10.96%
Capital Employed	33,609M	35,652M	32,554M	30,319M	27,271M	24,132M	21,748M	28,612M	35,283M	36,932M	38,037M	39,396M	35,437M	29,256M	30,300M	26,687M	25,600M	25,271M	26,052M	27,676M	26,175M	24,067M	22,353M	19,708M	19,332M	13,971M	15,275M	14,637M	12,518M	10,872M	10,097M	9,768M	10,077M	9,767M	9,255M	9,575M	10,459M
Return on Capital Employed	3.47%	7.96%	12.48%	14.11%	15.64%	16.12%	16.03%	14.58%	-19.83%	15.64%	15.57%	13.83%	12.90%	18.28%	16.03%	18.92%	18.88%	19.61%	17.88%	16.06%	16.36%	16.97%	14.28%	17.56%	21.19%	27.56%	20.60%	20.43%	19.20%	18.16%	14.16%	18.24%	17.50%	12.03%	22.92%	15.94%	9.33%
Invested Capital	18,549M	22,485M	22,564M	21,450M	19,542M	17,463M	15,941M	11,901M	15,823M	27,922M	28,792M	27,986M	28,988M	21,640M	22,519M	19,595M	20,474M	18,082M	20,988M	20,764M	18,446M	17,832M	15,541M	14,807M	14,840M	12,130M	11,763M	10,513M	9,056M	8,754M	8,363M	9,066M	8,512M	8,831M	8,210M	7,669M	8,424M
Return on Invested Capital	3.85%	10.32%	16.30%	18.68%	20.51%	20.98%	20.53%	35.06%	-44.21%	20.69%	20.56%	19.47%	15.77%	24.72%	21.57%	25.77%	23.61%	27.41%	22.20%	21.40%	23.22%	22.91%	20.55%	23.37%	27.60%	31.75%	26.74%	28.44%	26.53%	22.55%	17.10%	19.66%	20.71%	13.31%	25.83%	19.90%	11.59%

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	985M	2,865M	3,899M	4,094M	3,958M	3,589M	3,243M	3,401M	4,390M	4,173M	-6,995M	5,777M	5,921M	5,449M	4,570M	5,349M	4,858M	5,050M	4,833M	4,956M	4,659M	4,444M	4,283M	4,085M	3,193M	3,460M	4,096M	3,851M	3,146M	2,990M	2,403M	1,974M	1,430M	1,782M	1,763M	1,175M	2,121M	1,526M	976M
Depreciation & Amortization	1,727M	1,801M	1,654M	1,502M	1,166M	1,092M	1,056M	1,780M	1,578M	1,363M	1,987M	1,831M	1,915M	1,911M	1,593M	1,488M	1,544M	1,474M	1,435M	1,408M	1,371M	1,288M	1,156M	771M	0M	786M	0M	0M	0M	0M	905M	954M	1,089M	1,025M	900M	866M	870M	883M	859M
Return on Depreciation & Amortization	89.88%	172.79%	250.44%	296.10%	244.09%	226.37%	217.37%	191.07%	278.20%	306.16%	-352.04%	315.51%	309.19%	285.14%	286.88%	359.48%	314.64%	342.61%	336.79%	351.99%	339.82%	345.03%	370.50%	529.83%	0.00%	440.20%	0.00%	0.00%	0.00%	0.00%	265.52%	206.92%	131.31%	173.85%	195.89%	135.68%	243.79%	172.82%	113.62%
Deferred Income Tax	-1,399M	-906M	-435M	-308M	-205M	-133M	-111M	543M	-94M	321M	-3,855M	-663M	-166M	-165M	-273M	-57M	107M	7M	395M	-146M	-167M	33M	177M	-170M	701M	118M	11M	-316M	0M	0M	115M	579M	1M	89M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	203.37%	-1,251.84%	6,058.92%	4,525.89%	5,364.69%	10,189.06%	8,490.88%	626.34%	-4,670.21%	1,300.00%	181.45%	-871.34%	-3,566.87%	-3,302.42%	-1,673.99%	-9,384.21%	4,540.19%	72,142.86%	1,223.54%	-3,394.52%	-2,789.82%	13,466.67%	2,419.77%	-2,402.94%	455.49%	2,932.20%	37,236.36%	-1,218.67%	0.00%	0.00%	2,089.57%	340.93%	143,000.00%	2,002.25%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	275M	272M	284M	274M	248M	198M	165M	358M	294M	289M	274M	263M	274M	262M	278M	302M	324M	298M	276M	280M	240M	223M	253M	274M	217M	202M	228M	200M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	362.53%	1,065.66%	1,368.85%	1,505.09%	1,474.13%	1,179.31%	982.75%	950.00%	1,493.20%	1,443.94%	-2,552.92%	2,196.58%	2,160.95%	2,079.77%	1,643.88%	1,771.19%	1,499.38%	1,694.63%	1,751.09%	1,770.00%	1,941.25%	1,992.83%	1,692.89%	1,490.88%	1,471.43%	1,712.87%	1,796.49%	1,925.50%	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	-1,859M	-1,174M	-578M	-464M	-334M	-192M	-160M	-630M	-5,169M	-5,223M	317M	-670M	-751M	458M	803M	-272M	359M	-7M	-790M	-100M	-160M	-254M	-520M	-143M	534M	-163M	20M	-148M	27M	585M	1,006M	497M	488M	-695M	313M	416M	-405M	-83M	-230M
Return on Change in Working Capital	-1,049.59%	-549.49%	-7,554.63%	-5,922.94%	-3,041.95%	-2,386.21%	-2,053.20%	-539.84%	-84.93%	-79.90%	-2,206.62%	-862.24%	-788.42%	1,189.74%	569.12%	-1,966.54%	1,353.20%	-72,142.86%	-611.77%	-4,956.00%	-2,911.88%	-1,749.61%	-823.65%	-2,856.64%	597.94%	-2,122.70%	20,480.00%	-2,602.03%	11,651.85%	511.11%	238.87%	397.18%	293.03%	-256.40%	563.26%	282.45%	-523.70%	-1,838.55%	-424.35%
Accounts Receivable	3M	10M	-52M	-110M	-86M	-65M	-54M	-669M	114M	114M	0M	-105M	-122M	165M	345M	-305M	-245M	-313M	-58M	-268M	-337M	-133M	-205M	-189M	55M	197M	-35M	-103M	-184M	56M	38M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	-613.79%	-678.45%	-1,575.04%	-1,771.61%	-1,808.19%	-980.03%	-816.69%	-508.37%	3,850.88%	3,660.53%	0.00%	-5,501.90%	-4,853.28%	3,302.42%	1,324.64%	-1,753.77%	-1,982.86%	-1,613.42%	-8,332.76%	-1,849.25%	-1,382.49%	-3,341.35%	-2,089.27%	-2,161.38%	5,805.45%	1,756.35%	-11,702.86%	-3,738.83%	-1,709.78%	5,339.29%	6,323.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	-7M	-203M	-148M	-169M	-143M	-94M	-83M	-119M	159M	41M	567M	-629M	-903M	-91M	370M	-509M	-387M	57M	3M	-113M	-86M	-251M	-196M	-404M	453M	-127M	-54M	-309M	-294M	7M	281M	279M	194M	-261M	96M	195M	-295M	-75M	-51M
Return on Inventory	2,675.31%	276.46%	17,027.09%	10,366.72%	7,178.98%	7,516.44%	6,189.42%	-2,857.98%	2,761.01%	10,178.05%	-1,233.69%	-918.44%	-655.70%	-5,987.91%	1,235.14%	-1,050.88%	-1,255.30%	8,859.65%	161,100.00%	-4,385.84%	-5,417.44%	-1,770.52%	-2,185.20%	-1,011.14%	704.86%	-2,724.41%	-7,585.19%	-1,246.28%	-1,070.07%	42,714.29%	855.16%	707.53%	737.11%	-682.76%	1,836.46%	602.56%	-718.98%	-2,034.67%	-1,913.73%
Accounts Payable	98M	213M	154M	118M	91M	79M	66M	287M	28M	46M	138M	111M	518M	252M	-117M	408M	24M	148M	9M	75M	16M	72M	-83M	146M	109M	-224M	-4M	68M	113M	35M	112M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	3,069.13%	2,502.55%	8,727.16%	8,453.89%	1,712.02%	1,797.15%	1,497.62%	1,185.02%	15,678.57%	9,071.74%	-5,068.84%	5,204.50%	1,143.05%	2,162.30%	-3,905.98%	1,311.03%	20,241.67%	3,412.16%	53,700.00%	6,608.00%	29,118.75%	6,172.22%	-5,160.24%	2,797.95%	2,929.36%	-1,544.64%	-102,400.00%	5,663.24%	2,784.07%	8,542.86%	2,145.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-1,953M	-1,194M	-531M	-302M	-196M	-111M	-88M	-129M	-5,470M	-5,424M	-388M	-47M	-244M	132M	205M	134M	967M	101M	-744M	206M	247M	58M	-36M	304M	-83M	-9M	113M	196M	392M	487M	575M	218M	294M	-434M	217M	221M	-110M	-8M	-179M
Return on Other Working Capital	-3,521.86%	-1,772.84%	220.96%	240.69%	-1,614.45%	-1,211.03%	-1,682.67%	-2,636.43%	-80.26%	-76.94%	1,802.84%	-12,291.49%	-2,426.64%	4,128.03%	2,229.27%	3,991.79%	502.38%	5,000.00%	-649.60%	2,405.83%	1,886.23%	7,662.07%	-11,897.22%	1,343.75%	-3,846.99%	-38,444.44%	3,624.78%	1,964.80%	802.55%	613.96%	417.91%	905.50%	486.39%	-410.60%	812.44%	531.67%	-1,928.18%	-19,075.00%	-545.25%
Other Non-Cash Items	4,957M	3,077M	1,422M	924M	774M	656M	535M	-5,806M	971M	881M	14,952M	-961M	253M	259M	87M	-385M	-963M	-168M	263M	186M	-188M	-501M	-139M	279M	296M	130M	-80M	252M	1,032M	707M	34M	74M	70M	28M	62M	-83M	-880M	-115M	655M
Return on Other Non-Cash Items	-58.09%	853.98%	646.07%	276.19%	229.80%	926.45%	772.34%	-58.58%	452.11%	473.67%	-46.78%	-601.14%	2,340.32%	2,103.86%	5,252.87%	-1,389.35%	-504.47%	-3,005.95%	1,837.64%	2,664.52%	-2,478.19%	-887.03%	-3,081.29%	1,464.16%	1,078.72%	2,661.54%	-5,120.00%	1,528.17%	304.84%	422.91%	7,067.65%	2,667.57%	2,042.86%	6,364.29%	2,843.55%	-1,415.66%	-241.02%	-1,326.96%	149.01%
Net Cash from Operating Activities	4,697M	5,931M	6,249M	6,046M	5,627M	5,159M	4,686M	1,508M	1,987M	1,819M	6,680M	5,591M	7,454M	8,113M	7,070M	6,439M	6,240M	6,662M	6,420M	6,626M	5,817M	5,300M	5,284M	5,174M	4,941M	4,533M	4,275M	3,839M	4,258M	4,282M	3,773M	2,992M	3,078M	2,326M	3,038M	2,374M	1,706M	2,211M	2,260M
Return on Net Cash from Operating Activities	76.01%	74.92%	75.13%	76.67%	78.05%	75.34%	74.25%	225.53%	220.94%	229.41%	-104.72%	103.33%	79.43%	67.16%	64.64%	83.07%	77.85%	75.80%	75.28%	74.80%	80.09%	83.85%	81.06%	78.95%	64.62%	76.33%	95.81%	100.31%	73.88%	69.83%	63.69%	65.98%	46.46%	76.61%	58.03%	49.49%	124.33%	69.02%	43.19%
Capital Expenditures (PPE)	-1,515M	-1,530M	-1,518M	-1,486M	-1,410M	-1,307M	-1,291M	-1,397M	-1,248M	-1,181M	-1,615M	-1,749M	-1,603M	-1,501M	-1,699M	-1,577M	-1,373M	-1,420M	-1,461M	-1,493M	-1,665M	-1,484M	-1,379M	-1,091M	-903M	-1,471M	-1,422M	-1,168M	-943M	-937M	-677M	-763M	-980M	-1,115M	-1,039M	-1,430M	-1,406M	-1,109M	-1,088M
Return on Capital Expenditures (PPE)	-83.51%	-196.58%	-263.13%	-281.84%	-288.39%	-280.25%	-254.54%	-243.45%	-351.76%	-353.34%	433.13%	-330.30%	-369.37%	-363.02%	-268.98%	-339.19%	-353.82%	-355.63%	-330.80%	-331.95%	-279.82%	-299.46%	-310.59%	-374.43%	-353.60%	-235.21%	-288.05%	-329.71%	-333.62%	-319.10%	-354.95%	-258.72%	-145.92%	-159.82%	-169.68%	-82.17%	-150.85%	-137.60%	-89.71%
Acquisitions (Net)	184M	231M	-662M	-682M	-611M	-587M	-523M	-50M	60M	0M	60M	491M	51M	551M	-4,748M	859M	-958M	-16M	-2,914M	-94M	8M	-1,046M	-649M	-1,830M	-69M	-1,306M	358M	321M	-1,293M	-73M	-439M	-1,258M	-218M	-472M	-374M	-265M	-40M	-263M	-49M
Return on Acquisitions (Net)	-3,493.92%	423.40%	-2,959.20%	1,471.01%	963.66%	537.58%	155.00%	-6,802.00%	7,316.67%	0.00%	-11,658.33%	1,176.58%	11,609.80%	988.93%	-96.25%	622.70%	-507.10%	-31,562.50%	-165.85%	-5,272.34%	58,237.50%	-424.86%	-659.94%	-223.22%	-4,627.54%	-264.93%	1,144.13%	1,199.69%	-243.31%	-4,095.89%	-547.38%	-156.92%	-655.96%	-377.54%	-471.39%	-443.40%	-5,302.50%	-580.23%	-1,991.84%
Purchases of Investments	-2,290M	-2,130M	-1,573M	-1,914M	-2,312M	-1,852M	-1,545M	-3,191M	-2,543M	-4,153M	-1,466M	-1,250M	-2,202M	-1,579M	-1,635M	-1,828M	-798M	-163M	-652M	-1,280M	-4,040M	-211M	-4,162M	-3,287M	-2,240M	-2,211M	-8,194M	-3,253M	-1,627M	-10M	-16M	-7M	-12M	-12M	-67M	0M	0M	0M	0M
Return on Purchases of Investments	-28.50%	-139.90%	-571.98%	-570.38%	-460.82%	-4,364.07%	-3,724.44%	-106.58%	-172.63%	-100.48%	477.15%	-462.16%	-268.89%	-345.09%	-279.51%	-292.61%	-608.77%	-3,098.16%	-741.26%	-387.19%	-115.32%	-2,106.16%	-102.91%	-124.28%	-142.54%	-156.49%	-49.99%	-118.38%	-193.36%	-29,900.00%	-15,018.75%	-28,200.00%	-11,916.67%	-14,850.00%	-2,631.34%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	1,665M	1,842M	1,523M	1,705M	2,028M	1,631M	1,360M	6,367M	1,390M	2,074M	1,660M	1,261M	2,406M	1,811M	1,443M	669M	1,354M	1,247M	1,300M	754M	627M	5,281M	3,417M	273M	1,401M	2,502M	6,902M	2,591M	1,581M	13M	34M	18M	47M	121M	9M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	79.32%	156.98%	303.67%	409.53%	345.80%	2,098.63%	2,401.82%	53.42%	315.83%	201.21%	-421.39%	458.13%	246.09%	300.88%	316.70%	799.55%	358.79%	404.97%	371.77%	657.29%	743.06%	84.15%	125.34%	1,496.34%	227.91%	138.29%	59.35%	148.63%	198.99%	23,000.00%	7,067.65%	10,966.67%	3,042.55%	1,472.73%	19,588.89%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	136M	116M	142M	348M	324M	279M	286M	170M	-20M	54M	154M	201M	31M	138M	195M	2,099M	-1,311M	-1,051M	910M	1,517M	4,214M	-5,226M	55M	3,246M	79M	87M	989M	49M	41M	69M	129M	83M	113M	105M	357M	123M	1,089M	111M	-71M
Return on Other Investing Activities	2,019.90%	5,821.65%	3,138.67%	2,643.47%	3,180.87%	3,006.18%	2,559.95%	2,000.59%	-21,950.00%	7,727.78%	-4,542.21%	2,874.13%	19,100.00%	3,948.55%	2,343.59%	254.84%	-370.56%	-480.49%	531.10%	326.70%	110.56%	-85.04%	7,787.27%	125.85%	4,041.77%	3,977.01%	414.16%	7,859.18%	7,673.17%	4,333.33%	1,862.79%	2,378.31%	1,265.49%	1,697.14%	493.84%	955.28%	194.77%	1,374.77%	-1,374.65%
Net Cash from Investing Activities	-1,820M	-1,471M	-2,088M	-2,029M	-1,981M	-1,835M	-1,713M	1,899M	-2,361M	-3,206M	-1,207M	-1,046M	-1,317M	-580M	-6,444M	222M	-3,086M	-1,403M	-2,817M	-596M	-856M	-2,686M	-2,718M	-2,689M	-1,732M	-2,399M	-1,367M	-1,460M	-2,241M	-938M	-969M	-1,927M	-1,050M	-1,373M	-1,114M	-1,572M	-357M	-1,261M	-1,208M
Return on Net Cash from Investing Activities	-34.31%	-298.40%	15.76%	-112.88%	-136.28%	-146.43%	-156.32%	179.09%	-185.94%	-130.16%	579.54%	-552.29%	-449.58%	-939.48%	-70.92%	2,409.46%	-157.42%	-359.94%	-171.57%	-831.54%	-544.28%	-165.45%	-157.58%	-151.92%	-184.35%	-144.23%	-299.63%	-263.77%	-140.38%	-318.76%	-247.99%	-102.44%	-136.19%	-129.79%	-158.26%	-74.75%	-594.12%	-121.02%	-80.79%
Net Debt Issuance	1,541M	320M	1,191M	855M	736M	598M	526M	-859M	5,401M	5,506M	-46M	-838M	-1,145M	-1,875M	3,249M	933M	1,603M	1,043M	3,482M	1,010M	-37M	722M	-307M	-472M	-1,014M	1,037M	1,222M	1,135M	-485M	-111M	-440M	445M	109M	236M	-341M	571M	477M	82M	26M
Return on Net Debt Issuance	4,864.31%	2,757.04%	1,542.52%	111.93%	86.18%	39.77%	224.75%	-395.93%	81.28%	75.79%	15,206.52%	-689.38%	-517.12%	-290.61%	140.66%	573.31%	303.06%	484.18%	138.80%	490.69%	-12,591.89%	615.51%	-1,395.11%	-865.47%	-314.89%	333.65%	335.19%	339.30%	-648.66%	-2,693.69%	-546.14%	443.60%	1,311.93%	755.08%	-517.01%	205.78%	444.65%	1,860.98%	3,753.85%
Long-Term Debt Issuance	1,427M	281M	1,168M	841M	764M	623M	546M	-859M	5,886M	5,711M	-251M	-1,178M	-1,143M	-1,732M	3,565M	1,217M	1,025M	1,840M	2,622M	983M	-35M	758M	-318M	-448M	-478M	676M	2,444M	253M	-227M	-510M	-225M	649M	129M	236M	-341M	571M	477M	82M	26M
Return on Long-Term Debt Issuance	789.84%	307.38%	303.73%	-762.82%	-564.73%	-431.25%	-167.76%	-395.93%	74.58%	73.07%	2,786.85%	-490.41%	-518.02%	-314.61%	128.19%	439.52%	473.95%	274.46%	184.32%	504.17%	-13,311.43%	586.28%	-1,346.86%	-911.83%	-667.99%	511.83%	167.59%	1,522.13%	-1,385.90%	-586.27%	-1,068.00%	304.16%	1,108.53%	755.08%	-517.01%	205.78%	444.65%	1,860.98%	3,753.85%
Short-Term Debt Issuance	113M	39M	24M	14M	-28M	-24M	-20M	0M	-485M	-205M	205M	340M	-2M	-143M	-316M	-284M	578M	-797M	860M	27M	-2M	-36M	11M	-24M	-536M	361M	-1,222M	882M	-258M	399M	-215M	-204M	-20M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	-1,249.56%	-60,721.84%	-30,617.00%	-34,079.56%	-25,597.43%	-20,817.38%	-17,347.82%	0.00%	-905.15%	-2,035.61%	-3,412.20%	1,699.12%	-296,050.00%	-3,810.49%	-1,446.20%	-1,883.45%	840.48%	-633.63%	561.98%	18,355.56%	-232,950.00%	-12,344.44%	38,936.36%	-17,020.83%	-595.71%	958.45%	-335.19%	436.62%	-1,219.38%	749.37%	-1,117.67%	-967.65%	-7,150.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-1,099M	-959M	-2,213M	-2,479M	-2,211M	-1,892M	-1,663M	-5,631M	-1,080M	-1,801M	-33M	-1,464M	-1,560M	61M	-1,407M	-4,870M	-2,068M	-3,753M	-5,238M	-5,652M	-5,212M	-2,204M	-1,799M	-188M	414M	-1,342M	-2,443M	-1,828M	-1,832M	-1,283M	-130M	-420M	-860M	-389M	-478M	-369M	-1,338M	-264M	-137M
Return on Net Stock Issuance	6,856.89%	5,824.78%	2,822.75%	1,695.86%	1,270.06%	889.01%	669.64%	-60.40%	-406.48%	-231.70%	21,196.97%	-394.60%	-379.55%	8,932.79%	-324.80%	-109.84%	-234.91%	-134.56%	-92.27%	-87.69%	-89.39%	-201.63%	-238.08%	-2,172.87%	771.26%	-257.82%	-167.66%	-210.67%	-171.72%	-233.05%	-1,848.46%	-470.00%	-166.28%	-458.10%	-368.83%	-318.43%	-158.52%	-578.03%	-712.41%
Common Stock Issuance	0M	0M	0M	105M	208M	265M	269M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	902M	666M	431M	289M	796M	523M	545M	508M	555M	522M	462M	425M	347M	249M	355M	268M	214M
Return on Common Stock Issuance	0.00%	0.00%	0.00%	72.55%	242.72%	279.32%	319.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	474.83%	613.36%	740.84%	1,197.23%	514.57%	736.33%	577.25%	588.58%	432.97%	378.16%	309.52%	419.29%	508.07%	471.89%	597.46%	569.40%	456.07%
Common Stock Repurchased	-1,099M	-1,173M	-2,320M	-2,655M	-2,472M	-2,200M	-1,967M	-5,631M	-1,098M	-1,801M	-33M	-1,464M	-2,199M	-368M	-1,407M	-4,870M	-2,068M	-3,753M	-5,238M	-5,652M	-5,212M	-2,204M	-2,701M	-854M	-17M	-1,631M	-3,239M	-2,351M	-2,377M	-1,791M	-685M	-942M	-1,322M	-814M	-825M	-618M	-1,693M	-532M	-351M
Return on Common Stock Repurchased	6,856.89%	3,764.14%	1,792.43%	1,127.25%	-125.42%	-142.51%	-155.23%	-60.40%	-399.82%	-231.70%	21,196.97%	-394.60%	-269.26%	-1,480.71%	-324.80%	-109.84%	-234.91%	-134.56%	-92.27%	-87.69%	-89.39%	-201.63%	-158.57%	-478.34%	-18,782.35%	-212.14%	-126.46%	-163.80%	-132.35%	-166.95%	-350.80%	-209.55%	-108.17%	-218.92%	-213.70%	-190.13%	-125.28%	-286.84%	-278.06%
Preferred Stock Issuance	0M	214M	107M	176M	132M	105M	88M	0M	18M	0M	0M	0M	639M	429M	0M	0M	0M	0M	0M	0M	0M	0M	902M	666M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	439.35%	219.68%	219.00%	164.25%	131.40%	109.50%	0.00%	24,388.89%	0.00%	0.00%	0.00%	926.60%	1,270.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	474.83%	613.36%	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%
Net Dividends Paid	-2,887M	-3,094M	-3,002M	-2,577M	-2,276M	-2,021M	-1,826M	-2,339M	-2,432M	-1,982M	-3,311M	-3,369M	-3,420M	-3,388M	-3,316M	-3,193M	-2,803M	-2,678M	-2,561M	-2,216M	-1,730M	-1,635M	-1,555M	-1,500M	-1,431M	-1,398M	-1,380M	-1,376M	-1,286M	-1,125M	-1,034M	-968M	-948M	-918M	-901M	-887M	-876M	-803M	-790M
Return on Net Dividends Paid	-56.92%	-100.94%	-136.07%	-178.21%	-198.26%	-200.49%	-196.53%	-145.40%	-180.51%	-210.54%	211.27%	-171.48%	-173.13%	-160.83%	-137.82%	-167.52%	-173.31%	-188.57%	-188.72%	-223.65%	-269.31%	-271.80%	-275.43%	-272.33%	-223.13%	-247.50%	-296.81%	-279.87%	-244.63%	-265.78%	-232.40%	-203.93%	-150.84%	-194.12%	-195.67%	-132.47%	-242.12%	-190.04%	-123.54%
Common Dividends Paid	-2,887M	-3,094M	-3,002M	-2,577M	-2,276M	-2,021M	-1,826M	-2,339M	-2,432M	-1,982M	-3,311M	-3,369M	-3,420M	-3,388M	-3,316M	-3,193M	-2,803M	-2,678M	-2,561M	-2,216M	-1,730M	-1,635M	-1,555M	-1,500M	-1,431M	-1,398M	-1,380M	-1,376M	-1,286M	-1,125M	-1,034M	-968M	-948M	-918M	-901M	-887M	-876M	-803M	-790M
Return on Common Dividends Paid	-56.92%	-100.94%	-136.07%	-178.21%	-198.26%	-200.49%	-196.53%	-145.40%	-180.51%	-210.54%	211.27%	-171.48%	-173.13%	-160.83%	-137.82%	-167.52%	-173.31%	-188.57%	-188.72%	-223.65%	-269.31%	-271.80%	-275.43%	-272.33%	-223.13%	-247.50%	-296.81%	-279.87%	-244.63%	-265.78%	-232.40%	-203.93%	-150.84%	-194.12%	-195.67%	-132.47%	-242.12%	-190.04%	-123.54%
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	-20M	-36M	264M	381M	286M	221M	182M	2,159M	-635M	-625M	243M	321M	-20M	-98M	350M	429M	613M	762M	669M	255M	1,733M	1,059M	-14M	39M	17M	-63M	54M	8M	-22M	-15M	-23M	-78M	-17M	-60M	-51M	-53M	-22M	79M	0M
Return on Other Financing Activities	-582.20%	-7,382.36%	-3,218.16%	-3,311.20%	252.25%	-1,569.95%	-1,754.40%	157.53%	-691.34%	-667.68%	-2,878.60%	1,799.69%	-29,605.00%	-5,560.20%	1,305.71%	1,246.85%	792.50%	662.73%	722.42%	1,943.53%	268.84%	419.64%	-30,592.86%	10,474.36%	18,782.35%	-5,492.06%	7,585.19%	48,137.50%	-14,300.00%	-19,933.33%	-10,447.83%	-2,530.77%	-8,411.76%	-2,970.00%	-3,456.86%	-2,216.98%	-9,640.91%	1,931.65%	0.00%
Net Cash from Financing Activities	-2,466M	-3,769M	-3,760M	-3,820M	-3,468M	-3,096M	-2,781M	-6,670M	1,254M	1,098M	-3,147M	-5,350M	-6,145M	-5,300M	-1,124M	-6,701M	-2,655M	-4,626M	-3,648M	-6,603M	-5,246M	-2,058M	-3,675M	-2,121M	-2,014M	-1,766M	-2,547M	-2,061M	-3,679M	-2,534M	-1,627M	-1,021M	-1,716M	-1,131M	-1,728M	-738M	-1,759M	-906M	-901M
Return on Net Cash from Financing Activities	164.78%	59.04%	-61.58%	-86.99%	-104.62%	-111.69%	-115.03%	-50.99%	350.08%	380.05%	222.28%	-107.98%	-96.35%	-102.81%	-406.58%	-79.82%	-182.98%	-109.17%	-132.48%	-75.06%	-88.81%	-215.94%	-116.54%	-192.60%	-158.54%	-195.92%	-160.82%	-186.85%	-85.51%	-118.00%	-147.70%	-193.34%	-83.33%	-157.56%	-102.03%	-159.21%	-120.58%	-168.43%	-108.32%
Effect of FX on Cash	-65M	-42M	-30M	-27M	-35M	-20M	-15M	-4M	30M	-44M	-48M	-104M	-62M	48M	-2M	-160M	156M	-33M	-54M	-111M	-17M	108M	-49M	-27M	-4M	-415M	88M	57M	-23M	111M	41M	-42M	2M	93M	-20M	-83M	57M	54M	37M
Return on Effect of FX on Cash	-155.33%	267.22%	-25,164.60%	-20,218.16%	-19,309.93%	-12,357.11%	-10,332.46%	-85,025.00%	14,633.33%	-9,484.09%	14,572.92%	-5,554.81%	-9,550.00%	11,352.08%	-228,500.00%	-3,343.13%	3,114.10%	-15,303.03%	-8,950.00%	-4,464.86%	-27,405.88%	4,114.81%	-8,740.82%	-15,129.63%	-79,825.00%	-833.73%	4,654.55%	6,756.14%	-13,678.26%	2,693.69%	5,860.98%	-4,700.00%	71,500.00%	1,916.13%	-8,815.00%	-1,415.66%	3,721.05%	2,825.93%	2,637.84%
Net Change in Cash	345M	649M	370M	171M	142M	209M	177M	-3,267M	910M	-333M	2,278M	-909M	-70M	2,281M	-500M	-200M	655M	600M	-99M	-684M	-302M	664M	-1,158M	337M	1,191M	-47M	449M	375M	-1,685M	921M	1,218M	2M	314M	-85M	176M	-19M	-353M	98M	188M
Return on Net Change in Cash	-731.92%	-2,083.09%	-1,730.24%	-1,203.87%	-1,169.96%	2,967.27%	2,349.15%	-104.10%	482.42%	-1,253.15%	-307.07%	-635.53%	-8,458.57%	238.89%	-914.00%	-2,674.50%	741.68%	841.67%	-4,881.82%	-724.56%	-1,542.72%	669.28%	-369.86%	1,212.17%	268.09%	-7,361.70%	912.25%	1,026.93%	-186.71%	324.65%	197.29%	98,700.00%	455.41%	-2,096.47%	1,001.70%	-6,184.21%	-600.85%	1,557.14%	519.15%
Cash at Beginning of Period	4,717M	4,228M	3,314M	3,149M	2,813M	2,401M	2,061M	23,576M	32,067M	5,933M	3,655M	4,564M	4,634M	2,353M	2,853M	3,053M	2,398M	1,798M	1,897M	2,581M	2,883M	2,219M	3,377M	3,040M	1,849M	1,896M	1,447M	1,072M	2,757M	1,836M	618M	616M	302M	387M	211M	230M	583M	485M	297M
Return on Cash at Beginning of Period	1.84%	72.98%	143.85%	150.24%	168.26%	206.85%	250.83%	14.43%	13.69%	70.34%	-191.38%	126.58%	127.77%	231.58%	160.18%	175.20%	202.59%	280.87%	254.77%	192.02%	161.60%	200.27%	126.83%	134.38%	172.69%	182.49%	283.07%	359.24%	114.11%	162.85%	388.83%	320.45%	473.51%	460.47%	835.55%	510.87%	363.81%	314.64%	328.62%
Cash at End of Period	5,063M	4,877M	3,684M	3,320M	2,955M	2,609M	2,238M	20,309M	32,977M	5,600M	5,933M	3,655M	4,564M	4,634M	2,353M	2,853M	3,053M	2,398M	1,798M	1,897M	2,581M	2,883M	2,219M	3,377M	3,040M	1,849M	1,896M	1,447M	1,072M	2,757M	1,836M	618M	616M	302M	387M	211M	230M	583M	485M
Return on Cash at End of Period	38.23%	72.40%	138.22%	152.81%	168.00%	189.63%	237.95%	16.75%	13.31%	74.52%	-117.90%	158.06%	129.73%	117.59%	194.22%	187.49%	159.12%	210.59%	268.80%	261.25%	180.51%	154.14%	193.01%	120.97%	105.03%	187.13%	216.03%	266.14%	293.47%	108.45%	130.88%	319.42%	232.14%	590.07%	455.56%	556.87%	922.17%	261.75%	201.24%
Operating Cash Flow	4,697M	5,931M	6,249M	6,046M	5,627M	5,159M	4,686M	1,508M	1,987M	1,819M	6,680M	5,591M	7,454M	8,113M	7,070M	6,439M	6,240M	6,662M	6,420M	6,626M	5,817M	5,300M	5,284M	5,174M	4,941M	4,533M	4,275M	3,839M	4,258M	4,282M	3,773M	2,992M	3,078M	2,326M	3,038M	2,374M	1,706M	2,211M	2,260M
Return on Operating Cash Flow	76.01%	74.92%	75.13%	76.67%	78.05%	75.34%	74.25%	225.53%	220.94%	229.41%	-104.72%	103.33%	79.43%	67.16%	64.64%	83.07%	77.85%	75.80%	75.28%	74.80%	80.09%	83.85%	81.06%	78.95%	64.62%	76.33%	95.81%	100.31%	73.88%	69.83%	63.69%	65.98%	46.46%	76.61%	58.03%	49.49%	124.33%	69.02%	43.19%
Capital Expenditure	-1,515M	-1,530M	-1,518M	-1,486M	-1,410M	-1,307M	-1,291M	-1,397M	-1,248M	-1,181M	-1,615M	-1,749M	-1,603M	-1,501M	-1,699M	-1,577M	-1,373M	-1,420M	-1,461M	-1,493M	-1,665M	-1,484M	-1,379M	-1,091M	-903M	-1,471M	-1,422M	-1,168M	-943M	-937M	-677M	-763M	-980M	-1,115M	-1,039M	-1,430M	-1,406M	-1,109M	-1,088M
Return on Capital Expenditure	-83.51%	-196.58%	-263.13%	-281.84%	-288.39%	-280.25%	-254.54%	-243.45%	-351.76%	-353.34%	433.13%	-330.30%	-369.37%	-363.02%	-268.98%	-339.19%	-353.82%	-355.63%	-330.80%	-331.95%	-279.82%	-299.46%	-310.59%	-374.43%	-353.60%	-235.21%	-288.05%	-329.71%	-333.62%	-319.10%	-354.95%	-258.72%	-145.92%	-159.82%	-169.68%	-82.17%	-150.85%	-137.60%	-89.71%
Free Cash Flow	3,182M	4,402M	4,731M	4,560M	4,217M	3,853M	3,394M	111M	739M	638M	5,065M	3,842M	5,851M	6,612M	5,371M	4,862M	4,867M	5,242M	4,959M	5,133M	4,152M	3,816M	3,905M	4,083M	4,038M	3,062M	2,853M	2,671M	3,315M	3,345M	3,096M	2,229M	2,098M	1,211M	1,999M	944M	300M	1,102M	1,172M
Return on Free Cash Flow	222.11%	169.99%	133.87%	124.91%	122.42%	116.77%	135.35%	3,063.96%	594.05%	654.08%	-138.10%	150.36%	101.20%	82.41%	85.09%	110.02%	99.82%	96.34%	97.46%	96.55%	112.21%	116.46%	109.68%	100.05%	79.07%	113.00%	143.57%	144.18%	94.90%	89.39%	77.62%	88.56%	68.16%	147.15%	88.19%	124.47%	707.00%	138.48%	83.28%

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	995M	2,860M	3,901M	4,118M	3,978M	3,606M	3,257M	5,263M	4,407M	4,188M	-6,995M	5,791M	5,929M	5,388M	4,582M	5,363M	4,869M	5,058M	4,841M	4,998M	4,721M	4,511M	4,357M	4,163M	3,193M	3,460M	4,096M	3,851M	3,199M	2,990M	2,403M	1,974M	1,430M	1,782M	1,763M	1,175M	2,121M	1,526M	976M
EBITDA	2,347M	5,175M	6,874M	7,172M	7,006M	6,476M	5,955M	6,385M	7,447M	7,225M	-8,906M	8,721M	9,576M	9,259M	7,736M	8,728M	9,176M	8,734M	8,487M	8,535M	7,933M	7,860M	7,421M	7,090M	5,946M	6,476M	7,397M	6,826M	5,896M	5,623M	4,705M	4,000M	3,362M	4,083M	3,856M	2,905M	3,545M	3,374M	3,080M
Return on EBITDA	67.64%	64.60%	61.17%	60.31%	58.89%	56.70%	54.68%	82.43%	59.18%	57.97%	78.54%	66.40%	61.92%	58.19%	59.23%	61.45%	53.06%	57.91%	57.04%	58.56%	59.51%	57.39%	58.71%	58.72%	53.70%	53.43%	55.37%	56.42%	54.26%	53.17%	51.07%	49.35%	42.53%	43.64%	45.72%	40.45%	59.83%	45.23%	31.69%
(-) Tax Adjustment	1,435M	1,567M	1,960M	2,039M	2,042M	1,920M	1,803M	1,273M	1,255M	1,203M	2,269M	834M	1,706M	1,823M	1,530M	2,041M	3,257M	2,470M	2,465M	2,464M	2,226M	2,277M	2,060M	1,961M	1,782M	2,013M	2,376M	2,091M	1,987M	1,855M	1,546M	1,286M	1,080M	1,407M	1,382M	1,019M	1,279M	1,245M	1,156M
Return on (-) Tax Adjustment	244.85%	275.53%	249.04%	235.15%	219.80%	205.00%	191.36%	413.30%	351.13%	348.08%	-308.28%	694.74%	347.59%	295.53%	299.40%	262.75%	149.50%	204.74%	196.36%	202.88%	212.12%	198.10%	211.52%	212.26%	179.21%	171.86%	172.41%	184.18%	161.00%	161.15%	155.39%	153.52%	132.45%	126.63%	127.59%	115.26%	165.85%	122.62%	84.41%
(-) Change In Working Capital	-1,859M	-1,174M	-578M	-464M	-334M	-192M	-160M	-630M	-5,169M	-5,223M	317M	-670M	-751M	458M	803M	-272M	359M	-7M	-790M	-100M	-160M	-254M	-520M	-143M	534M	-163M	20M	-148M	27M	585M	1,006M	497M	488M	-695M	313M	416M	-405M	-83M	-230M
Return on (-) Change In Working Capital	-1,050.38%	-552.84%	-7,567.89%	-5,943.51%	-3,047.56%	-2,390.70%	-2,056.95%	-835.40%	-85.26%	-80.18%	-2,206.62%	-864.33%	-789.48%	1,176.42%	570.61%	-1,971.69%	1,356.27%	-72,257.14%	-612.78%	-4,998.00%	-2,950.63%	-1,775.98%	-837.88%	-2,911.19%	597.94%	-2,122.70%	20,480.00%	-2,602.03%	11,848.15%	511.11%	238.87%	397.18%	293.03%	-256.40%	563.26%	282.45%	-523.70%	-1,838.55%	-424.35%
(-) Capital Expenditure	-1,515M	-1,530M	-1,518M	-1,486M	-1,410M	-1,307M	-1,291M	-1,397M	-1,248M	-1,181M	-1,615M	-1,749M	-1,603M	-1,501M	-1,699M	-1,577M	-1,373M	-1,420M	-1,461M	-1,493M	-1,665M	-1,484M	-1,379M	-1,091M	-903M	-1,471M	-1,422M	-1,168M	-943M	-937M	-677M	-763M	-980M	-1,115M	-1,039M	-1,430M	-1,406M	-1,109M	-1,088M
Return on (-) Capital Expenditure	-84.20%	-196.28%	-263.34%	-283.54%	-289.95%	-281.50%	-255.58%	-376.74%	-353.13%	-354.61%	433.13%	-331.10%	-369.87%	-358.96%	-269.69%	-340.08%	-354.62%	-356.20%	-331.35%	-334.76%	-283.54%	-303.98%	-315.95%	-381.58%	-353.60%	-235.21%	-288.05%	-329.71%	-339.24%	-319.10%	-354.95%	-258.72%	-145.92%	-159.82%	-169.68%	-82.17%	-150.85%	-137.60%	-89.71%
Unlevered Free Cash Flow	1,255M	3,252M	3,973M	4,110M	3,888M	3,440M	3,020M	4,345M	10,113M	10,064M	-13,107M	6,808M	7,018M	5,477M	3,704M	5,382M	4,187M	4,851M	5,351M	4,678M	4,202M	4,353M	4,502M	4,181M	2,727M	3,155M	3,579M	3,715M	2,939M	2,246M	1,476M	1,454M	814M	2,256M	1,122M	40M	1,265M	1,103M	1,066M
Return on Unlevered Free Cash Flow	60.01%	72.58%	89.73%	94.43%	98.51%	106.26%	206.02%	121.14%	43.58%	41.61%	53.37%	85.06%	84.48%	98.38%	123.72%	99.65%	116.28%	104.28%	90.48%	106.83%	112.34%	103.63%	96.78%	99.58%	117.08%	109.68%	114.44%	103.66%	108.84%	133.15%	162.86%	135.75%	175.60%	79.00%	157.09%	2,969.33%	167.65%	138.29%	91.58%
(-) Net Interest Income After Taxes	-618M	-526M	-333M	-246M	-199M	-165M	-137M	-562M	-703M	-608M	-856M	-390M	-354M	-421M	-282M	-130M	-22M	-128M	-144M	-48M	29M	-129M	-83M	-128M	-84M	-76M	-53M	-49M	-17M	-15M	-38M	-28M	-59M	0M	0M	0M	0M	0M	0M
Return on (-) Net Interest Income After Taxes	-452.18%	-862.13%	-3,957.91%	-3,059.46%	-4,418.41%	-4,947.16%	-4,122.64%	-936.49%	-626.51%	-688.32%	817.40%	-1,485.61%	-1,673.78%	-1,280.36%	-1,627.35%	-4,117.65%	-22,200.00%	-3,962.36%	-3,361.08%	-10,332.35%	16,004.88%	-3,489.56%	-5,244.35%	-3,251.41%	-3,799.32%	-4,564.48%	-7,735.87%	-7,818.99%	-18,557.63%	-19,402.03%	-6,392.04%	-7,095.62%	-2,421.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	1,541M	320M	1,191M	855M	736M	598M	526M	-859M	5,401M	5,506M	-46M	-838M	-1,145M	-1,875M	3,249M	933M	1,603M	1,043M	3,482M	1,010M	-37M	722M	-307M	-472M	-1,014M	1,037M	1,222M	1,135M	-485M	-111M	-440M	445M	109M	236M	-341M	571M	477M	82M	26M
Return on Net Debt Issuance	4,863.84%	2,757.27%	1,542.99%	99.26%	76.13%	31.73%	218.05%	-612.69%	81.60%	76.06%	15,206.52%	-691.05%	-517.82%	-287.36%	141.03%	574.81%	303.74%	484.95%	139.03%	494.85%	-12,759.46%	624.79%	-1,419.22%	-881.99%	-314.89%	333.65%	335.19%	339.30%	-659.59%	-2,693.69%	-546.14%	443.60%	1,311.93%	755.08%	-517.01%	205.78%	444.65%	1,860.98%	3,753.85%
Levered Free Cash Flow	3,414M	4,098M	5,498M	5,211M	4,823M	4,203M	3,683M	4,048M	16,217M	16,178M	-12,297M	6,360M	6,227M	4,023M	7,234M	6,445M	5,812M	6,021M	8,977M	5,737M	4,136M	5,204M	4,278M	3,837M	1,797M	4,268M	4,854M	4,899M	2,471M	2,150M	1,073M	1,927M	982M	2,492M	781M	611M	1,742M	1,185M	1,092M
Return on Levered Free Cash Flow	57.94%	80.59%	77.12%	84.63%	91.03%	100.13%	108.71%	130.03%	27.17%	25.89%	56.88%	91.05%	95.21%	133.94%	63.34%	83.21%	83.77%	84.00%	53.93%	87.12%	114.15%	86.68%	101.84%	108.50%	177.66%	81.08%	84.38%	78.60%	129.44%	139.07%	223.92%	102.44%	145.56%	71.52%	225.66%	192.44%	121.75%	128.73%	89.40%