Bunge Limited (0U6R.L)

Category: Company Returns Sector: Consumer Defensive Industry: Agricultural Farm Products Live Price: $106.62

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y 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
Net Income	1,663M	1,643M	890M	872M	817M	704M	1,323M	1,151M	1,137M	2,243M	1,610M	2,078M	1,145M	-1,280M	267M	160M	745M	791M	515M	306M	64M	942M	2,354M	361M	1,064M	778M	521M	530M	469M	411M	255M	134M	12M	-5M
Revenue	59,960M	56,087M	49,925M	51,920M	48,089M	41,759M	60,109M	54,502M	53,108M	59,540M	67,232M	59,152M	41,404M	41,140M	45,743M	45,794M	42,679M	43,455M	57,161M	61,347M	60,991M	56,097M	43,953M	41,926M	52,574M	37,842M	26,274M	24,377M	25,168M	22,165M	13,882M	11,302M	9,667M	7,950M
Return on Revenue	2.77%	2.92%	1.60%	1.63%	1.68%	1.62%	2.20%	2.11%	2.14%	3.77%	2.39%	3.51%	2.77%	-3.11%	0.58%	0.35%	1.75%	1.82%	0.90%	0.50%	0.10%	1.68%	5.36%	0.86%	2.02%	2.06%	1.98%	2.17%	1.86%	1.85%	1.84%	1.19%	0.12%	-0.06%
Cost of Revenue	55,987M	52,474M	47,150M	49,211M	45,513M	39,448M	56,630M	50,936M	49,715M	54,695M	63,550M	55,789M	38,619M	40,598M	43,477M	44,029M	40,269M	40,762M	54,540M	58,587M	58,418M	53,470M	41,640M	40,722M	48,538M	35,327M	24,703M	22,806M	23,282M	20,860M	12,544M	10,331M	8,935M	7,332M
Return on Cost of Revenue	2.97%	3.12%	1.72%	1.75%	1.80%	1.74%	2.34%	2.26%	2.29%	4.10%	2.53%	3.72%	2.96%	-3.15%	0.61%	0.36%	1.85%	1.94%	0.94%	0.52%	0.11%	1.76%	5.65%	0.89%	2.19%	2.20%	2.11%	2.32%	2.01%	1.97%	2.03%	1.30%	0.13%	-0.07%
Gross Profit	3,973M	3,614M	2,774M	2,709M	2,577M	2,311M	3,479M	3,566M	3,393M	4,845M	3,682M	3,363M	2,785M	542M	2,266M	1,765M	2,410M	2,693M	2,621M	2,760M	2,573M	2,627M	2,313M	1,204M	4,036M	2,515M	1,571M	1,571M	1,886M	1,305M	1,338M	971M	732M	618M
Return on Gross Profit	41.18%	45.29%	7.14%	16.15%	19.82%	19.49%	38.03%	32.28%	33.51%	46.30%	43.73%	61.79%	41.11%	-236.16%	11.78%	9.07%	30.91%	29.37%	19.65%	11.09%	2.49%	35.86%	101.77%	29.98%	26.36%	30.93%	33.16%	33.74%	24.87%	31.49%	19.06%	13.80%	1.64%	-0.81%
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
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%
SG&A Expenses	1,620M	1,490M	1,438M	1,472M	1,417M	1,251M	1,927M	1,820M	1,776M	1,715M	1,369M	1,234M	1,358M	1,351M	1,423M	1,437M	1,284M	1,435M	1,691M	1,559M	1,563M	1,436M	1,455M	1,342M	1,613M	1,359M	978M	956M	871M	691M	579M	423M	387M	321M
Return on SG&A Expenses	104.14%	113.02%	61.34%	59.67%	57.69%	53.84%	68.66%	63.24%	64.02%	130.79%	117.60%	168.40%	84.32%	-94.74%	18.76%	11.13%	58.02%	55.12%	30.46%	19.63%	4.09%	65.60%	161.79%	26.90%	65.96%	57.25%	53.27%	55.44%	53.85%	59.48%	44.04%	31.68%	3.10%	-1.56%
Operating Expenses	1,620M	1,490M	1,438M	1,472M	1,417M	1,286M	1,927M	1,820M	1,776M	1,715M	1,369M	1,234M	1,358M	1,351M	1,423M	1,437M	1,284M	1,435M	1,691M	1,559M	1,563M	1,436M	1,455M	1,342M	1,613M	1,359M	978M	956M	982M	582M	857M	707M	687M	321M
Return on Operating Expenses	104.14%	113.02%	61.34%	59.67%	57.69%	52.91%	68.66%	63.24%	64.02%	130.79%	117.60%	168.40%	84.32%	-94.74%	18.76%	11.13%	58.02%	55.12%	30.46%	19.63%	4.09%	65.60%	161.79%	26.90%	65.96%	57.25%	53.27%	55.44%	47.76%	70.62%	29.75%	18.95%	1.75%	-1.56%
Operating Income (EBIT)	2,353M	2,123M	1,336M	1,237M	1,160M	1,025M	1,552M	1,746M	1,617M	3,130M	2,313M	2,129M	1,427M	-809M	843M	328M	1,126M	1,258M	930M	1,201M	1,010M	1,191M	858M	-138M	2,423M	1,156M	593M	615M	904M	723M	481M	264M	45M	297M
Return on Operating Income (EBIT)	70.53%	77.89%	75.71%	79.85%	61.07%	58.42%	85.24%	65.92%	70.32%	71.66%	69.61%	97.60%	80.24%	158.22%	31.67%	48.78%	66.16%	62.88%	55.38%	25.48%	6.34%	79.09%	274.36%	-261.59%	43.91%	67.30%	87.86%	86.18%	51.88%	56.85%	53.01%	50.76%	26.67%	-1.68%
Interest Income	127M	90M	65M	68M	76M	61M	213M	139M	163M	148M	71M	48M	22M	31M	31M	38M	51M	43M	87M	76M	53M	96M	67M	122M	214M	166M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Income	1,493.56%	2,802.88%	1,446.80%	1,338.54%	1,066.99%	853.59%	621.13%	828.06%	697.55%	1,515.54%	2,267.61%	4,329.17%	5,204.55%	-4,129.03%	861.29%	421.05%	1,460.78%	1,839.53%	591.95%	402.63%	120.75%	981.25%	3,513.43%	295.90%	497.20%	468.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	463M	380M	333M	328M	296M	237M	525M	500M	471M	516M	403M	243M	265M	339M	339M	263M	234M	258M	347M	363M	294M	295M	294M	283M	361M	353M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Expense	358.53%	472.56%	274.98%	274.95%	238.35%	190.68%	252.00%	230.20%	241.40%	434.69%	399.50%	855.14%	432.08%	-377.58%	78.76%	60.84%	318.38%	306.59%	148.41%	84.30%	21.77%	319.32%	800.68%	127.56%	294.74%	220.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	-336M	-289M	-269M	-260M	-220M	-176M	-312M	-361M	-308M	-368M	-332M	-195M	-243M	-308M	-308M	-225M	-183M	-215M	-260M	-287M	-241M	-199M	-227M	-161M	-147M	-187M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Interest Income	-487.87%	-600.09%	-351.77%	-357.29%	-336.17%	-268.93%	-424.04%	-318.84%	-369.16%	-609.51%	-484.94%	-1,065.64%	-471.19%	415.58%	-86.69%	-71.11%	-407.10%	-367.91%	-198.08%	-106.62%	-26.56%	-473.37%	-1,037.00%	-224.22%	-723.81%	-416.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	476M	289M	390M	274M	266M	231M	86M	434M	401M	447M	579M	-241M	257M	704M	695M	323M	313M	422M	456M	474M	879M	370M	-1,964M	-202M	999M	142M	108M	167M	146M	104M	102M	72M	11M	318M
Return on Unusual Items	354.47%	129.34%	97.83%	86.52%	128.66%	153.39%	1,538.37%	265.21%	283.54%	501.79%	278.07%	-862.24%	445.53%	-181.82%	38.42%	49.54%	238.02%	187.44%	112.94%	64.56%	7.28%	254.59%	-119.86%	-178.71%	106.51%	547.89%	482.41%	317.37%	321.23%	395.19%	250.00%	186.11%	109.09%	-1.57%
EBT Excluding Unusual Items	1,738M	1,835M	825M	948M	847M	739M	1,692M	1,239M	1,123M	2,604M	1,487M	2,806M	1,156M	-1,909M	-239M	-93M	683M	629M	278M	540M	-507M	650M	5,013M	427M	572M	1,059M	377M	281M	612M	515M	277M	120M	23M	-339M
Return on EBT Excluding Unusual Items	98.55%	93.75%	48.69%	60.54%	78.94%	79.65%	78.19%	92.90%	101.25%	86.14%	108.27%	74.06%	99.05%	67.05%	-111.72%	-172.04%	109.08%	125.76%	185.25%	56.67%	-12.62%	144.92%	46.96%	84.54%	186.01%	73.47%	138.20%	188.61%	76.63%	79.81%	92.06%	111.67%	52.17%	1.47%
Pre-Tax Income	2,214M	2,124M	1,215M	1,222M	1,113M	970M	1,778M	1,673M	1,524M	3,051M	2,066M	2,565M	1,413M	-1,205M	456M	230M	996M	1,051M	734M	1,014M	372M	1,020M	3,049M	225M	1,571M	1,201M	485M	448M	758M	619M	379M	192M	34M	-21M
Return on Pre-Tax Income	75.35%	77.62%	77.25%	70.64%	78.91%	75.16%	74.41%	68.80%	74.61%	73.52%	77.93%	81.01%	81.03%	106.22%	58.55%	69.57%	74.80%	75.26%	70.16%	30.18%	17.20%	92.35%	77.21%	160.44%	67.73%	64.78%	107.42%	118.30%	61.87%	66.40%	67.28%	69.79%	35.29%	23.81%
Income Tax Expense	479M	417M	292M	321M	257M	233M	390M	455M	336M	714M	388M	398M	248M	86M	179M	56M	220M	296M	249M	904M	-6M	55M	699M	-110M	245M	310M	-36M	-82M	289M	201M	104M	68M	12M	-27M
Return on Income Tax Expense	355.83%	410.26%	160.37%	188.48%	54.53%	79.99%	339.23%	252.97%	338.39%	314.15%	414.95%	522.11%	461.69%	-1,488.37%	149.16%	285.71%	338.64%	267.23%	206.83%	33.85%	-1,066.67%	1,712.73%	336.77%	-328.18%	434.29%	250.97%	-1,447.22%	-646.34%	162.28%	204.48%	245.19%	197.06%	100.00%	18.52%
Depreciation and Amortization	442M	437M	506M	518M	482M	421M	600M	479M	468M	451M	408M	424M	435M	548M	622M	609M	547M	545M	607M	568M	570M	526M	443M	443M	439M	385M	324M	278M	212M	184M	168M	163M	149M	0M
Return on Depreciation and Amortization	378.30%	377.64%	200.52%	191.04%	187.15%	177.18%	220.50%	240.29%	242.95%	497.34%	394.61%	490.09%	263.22%	-233.58%	42.93%	26.27%	136.20%	145.14%	84.84%	53.87%	11.23%	179.09%	531.38%	81.49%	242.37%	202.08%	160.80%	190.65%	221.23%	223.37%	151.79%	82.21%	8.05%	0.00%
EBITDA	3,119M	2,941M	2,054M	2,069M	1,899M	1,651M	2,903M	2,652M	2,463M	4,018M	2,877M	3,232M	2,113M	-318M	1,417M	1,102M	1,777M	1,854M	1,688M	1,945M	1,236M	1,841M	3,786M	871M	2,337M	1,939M	917M	893M	1,116M	907M	649M	427M	194M	297M
Return on EBITDA	52.65%	55.29%	79.69%	64.11%	60.25%	54.76%	45.57%	43.40%	46.16%	55.82%	55.96%	64.29%	54.19%	402.52%	18.84%	14.52%	41.92%	42.66%	30.51%	15.73%	5.18%	51.17%	62.18%	41.45%	45.53%	40.12%	56.82%	59.35%	42.03%	45.31%	39.29%	31.38%	6.19%	-1.68%
NOPAT	1,846M	1,702M	1,019M	916M	890M	776M	1,212M	1,271M	1,260M	2,398M	1,879M	1,799M	1,177M	-867M	512M	248M	877M	904M	615M	130M	1,026M	1,127M	661M	-205M	2,045M	858M	637M	728M	559M	488M	349M	171M	29M	-85M
Return on NOPAT	89.82%	96.46%	91.91%	112.24%	90.26%	86.64%	109.20%	90.55%	90.20%	93.56%	85.70%	115.53%	97.32%	147.68%	52.14%	64.48%	84.92%	87.53%	83.81%	234.87%	6.24%	83.60%	355.97%	-175.70%	52.03%	90.72%	81.79%	72.85%	83.85%	84.18%	73.06%	78.59%	41.21%	5.89%
Owner's Earnings	1,088M	1,316M	702M	583M	519M	445M	1,434M	314M	229M	1,572M	1,463M	2,103M	1,215M	-1,256M	396M	107M	508M	687M	283M	-168M	-461M	343M	1,725M	-114M	607M	505M	342M	286M	244M	291M	181M	67M	-23M	-5M
Return on Owner's Earnings	249.75%	188.46%	152.29%	128.00%	113.52%	115.70%	92.26%	366.56%	496.51%	142.68%	110.05%	98.81%	94.24%	101.91%	67.42%	149.53%	146.65%	115.14%	181.98%	-182.14%	-13.88%	274.64%	136.46%	-316.67%	175.29%	154.06%	152.34%	185.31%	192.21%	141.24%	140.88%	200.00%	-52.17%	100.00%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y 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
Net Income	1,663M	1,643M	890M	872M	817M	704M	1,137M	2,243M	1,610M	2,078M	1,145M	-1,280M	267M	160M	745M	791M	515M	306M	64M	942M	2,354M	361M	1,064M	778M	521M	530M	469M	411M	255M	134M	12M	-5M
Cash & Cash Equivalents	2,339M	1,654M	1,093M	996M	910M	808M	3,311M	2,602M	1,104M	902M	352M	320M	389M	601M	934M	411M	362M	742M	569M	835M	1,504M	553M	1,004M	981M	365M	354M	432M	489M	470M	199M	423M	363M
Return on Cash & Cash Equivalents	88.79%	164.41%	78.95%	83.57%	89.83%	84.55%	34.34%	86.20%	145.83%	230.38%	325.28%	-400.00%	68.64%	26.62%	79.76%	192.46%	142.27%	41.24%	11.25%	112.81%	156.52%	65.28%	105.98%	79.31%	142.74%	149.72%	108.56%	84.05%	54.26%	67.34%	2.84%	-1.38%
Short-Term Investments	236M	315M	306M	963M	723M	582M	484M	105M	119M	520M	346M	393M	162M	213M	158M	559M	1,573M	4,632M	3,153M	1,996M	39M	0M	0M	0M	0M	0M	0M	13M	12M	6M	61M	0M
Return on Short-Term Investments	1,241.35%	890.92%	498.18%	740.42%	555.32%	745.83%	234.92%	2,136.19%	1,352.94%	399.62%	330.92%	-325.70%	164.81%	75.12%	471.52%	141.50%	32.74%	6.61%	2.03%	47.19%	6,035.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3,161.54%	2,125.00%	2,233.33%	19.67%	0.00%
Cash & Short-Term Investments	2,575M	1,969M	1,399M	1,959M	1,632M	1,390M	3,795M	2,707M	1,223M	1,422M	698M	713M	551M	814M	1,092M	970M	1,935M	5,374M	3,722M	2,831M	1,543M	553M	1,004M	981M	365M	354M	432M	502M	482M	205M	484M	363M
Return on Cash & Short-Term Investments	81.49%	110.93%	59.30%	54.19%	67.79%	66.68%	29.96%	82.86%	131.64%	146.13%	164.04%	-179.52%	48.46%	19.66%	68.22%	81.55%	26.61%	5.69%	1.72%	33.27%	152.56%	65.28%	105.98%	79.31%	142.74%	149.72%	108.56%	81.87%	52.90%	65.37%	2.48%	-1.38%
Net Receivables	3,019M	2,738M	2,463M	2,582M	2,522M	2,272M	2,737M	3,024M	3,296M	2,506M	2,129M	2,218M	2,239M	2,181M	2,324M	1,971M	2,189M	2,586M	2,936M	2,987M	3,401M	2,363M	2,868M	2,909M	1,879M	1,702M	1,928M	1,495M	1,168M	881M	873M	0M
Return on Net Receivables	54.85%	60.25%	33.50%	31.55%	30.56%	28.06%	41.54%	74.17%	48.85%	82.92%	53.78%	-57.71%	11.92%	7.34%	32.06%	40.13%	23.53%	11.83%	2.18%	31.54%	69.21%	15.28%	37.10%	26.74%	27.73%	31.14%	24.33%	27.49%	21.83%	15.21%	1.37%	0.00%
Inventory	7,335M	7,521M	6,283M	6,209M	5,801M	5,065M	6,491M	7,105M	8,408M	8,431M	7,172M	5,038M	5,871M	5,074M	4,773M	4,466M	5,554M	5,796M	6,590M	5,733M	6,635M	4,862M	5,653M	5,924M	3,684M	2,769M	2,636M	2,867M	2,407M	1,368M	1,311M	923M
Return on Inventory	22.74%	21.77%	12.45%	12.79%	13.23%	12.72%	17.52%	31.57%	19.15%	24.65%	15.96%	-25.41%	4.55%	3.15%	15.61%	17.71%	9.27%	5.28%	0.97%	16.43%	35.48%	7.42%	18.82%	13.13%	14.14%	19.14%	17.79%	14.34%	10.59%	9.80%	0.92%	-0.54%
Other Current Assets	2,513M	3,219M	2,535M	2,681M	2,812M	2,486M	2,316M	2,386M	2,836M	3,160M	5,397M	1,559M	1,732M	1,515M	1,881M	2,569M	2,547M	2,980M	3,013M	2,599M	3,724M	4,005M	3,536M	4,275M	2,465M	1,739M	1,635M	1,307M	1,392M	830M	759M	-1,286M
Return on Other Current Assets	66.62%	57.37%	30.11%	28.88%	27.10%	25.53%	49.09%	94.01%	56.77%	65.76%	21.22%	-82.10%	15.42%	10.56%	39.61%	30.79%	20.22%	10.27%	2.12%	36.24%	63.21%	9.01%	30.09%	18.20%	21.14%	30.48%	28.69%	31.45%	18.32%	16.14%	1.58%	0.39%
Total Current Assets	16,355M	16,341M	13,543M	14,296M	13,444M	11,765M	15,958M	16,350M	16,758M	16,460M	16,181M	10,248M	11,068M	10,403M	11,092M	10,916M	13,081M	17,772M	17,264M	15,074M	15,815M	11,783M	13,176M	14,518M	8,393M	6,564M	6,668M	6,418M	5,449M	3,284M	3,427M	0M
Return on Total Current Assets	10.15%	10.03%	5.56%	5.52%	5.68%	5.44%	7.12%	13.72%	9.61%	12.62%	7.08%	-12.49%	2.41%	1.54%	6.72%	7.25%	3.94%	1.72%	0.37%	6.25%	14.88%	3.06%	8.08%	5.36%	6.21%	8.07%	7.03%	6.40%	4.68%	4.08%	0.35%	0.00%
Property, Plant & Equipment	5,431M	5,070M	4,818M	4,978M	4,722M	4,182M	6,186M	5,467M	4,641M	4,411M	4,643M	4,928M	4,538M	4,601M	4,486M	4,282M	5,057M	5,574M	5,408M	5,134M	5,312M	5,244M	3,969M	4,216M	3,446M	2,900M	2,536M	2,090M	1,965M	1,669M	1,859M	0M
Return on Property, Plant & Equipment	31.37%	33.17%	18.43%	17.59%	17.47%	16.37%	18.38%	41.03%	34.69%	47.11%	24.66%	-25.97%	5.88%	3.48%	16.61%	18.47%	10.18%	5.49%	1.18%	18.35%	44.31%	6.88%	26.81%	18.45%	15.12%	18.28%	18.49%	19.67%	12.98%	8.03%	0.65%	0.00%
Goodwill	471M	496M	513M	536M	469M	375M	453M	489M	470M	484M	586M	611M	727M	515M	373M	418M	349M	392M	351M	893M	934M	427M	325M	354M	236M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	350.75%	335.39%	192.42%	168.37%	168.90%	135.12%	250.99%	458.69%	342.55%	429.34%	195.39%	-209.49%	36.73%	31.07%	199.73%	189.23%	147.56%	78.06%	18.23%	105.49%	252.03%	84.54%	327.38%	219.77%	220.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	360M	408M	430M	372M	321M	307M	321M	398M	360M	431M	529M	583M	697M	323M	336M	326M	256M	326M	295M	220M	186M	170M	107M	139M	99M	308M	323M	240M	345M	166M	200M	0M
Return on Intangible Assets	455.00%	412.72%	239.62%	293.78%	343.58%	293.94%	354.21%	563.57%	447.22%	482.13%	216.45%	-219.55%	38.31%	49.54%	221.73%	242.64%	201.17%	93.87%	21.69%	428.18%	1,265.59%	212.35%	994.39%	559.71%	526.26%	172.08%	145.20%	171.25%	73.91%	80.72%	6.00%	0.00%
Long-Term Investments	1,183M	1,055M	884M	791M	698M	558M	953M	1,422M	1,175M	960M	767M	910M	542M	842M	891M	378M	557M	537M	687M	637M	609M	622M	761M	706M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Investments	138.02%	155.96%	100.03%	112.90%	100.08%	80.06%	119.31%	157.74%	137.02%	216.46%	149.28%	-140.66%	49.26%	19.00%	83.61%	209.26%	92.46%	56.98%	9.32%	147.88%	386.54%	58.04%	139.82%	110.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	710M	604M	538M	675M	703M	603M	645M	773M	712M	550M	339M	442M	458M	516M	524M	417M	565M	564M	1,213M	1,211M	1,200M	979M	864M	903M	714M	462M	273M	233M	256M	100M	169M	0M
Return on Tax Assets	230.86%	281.63%	153.97%	130.96%	119.91%	119.49%	176.28%	290.17%	226.12%	377.82%	337.76%	-289.59%	58.30%	31.01%	142.18%	189.69%	91.15%	54.26%	5.28%	77.79%	196.17%	36.87%	123.15%	86.16%	72.97%	114.72%	171.79%	176.39%	99.61%	134.00%	7.10%	0.00%
Other Non-Current Assets	440M	491M	878M	1,201M	1,247M	1,108M	383M	473M	464M	523M	610M	595M	1,395M	1,671M	1,486M	1,177M	1,567M	1,616M	2,062M	2,052M	1,945M	2,061M	1,028M	1,155M	1,459M	1,212M	1,107M	903M	334M	224M	199M	0M
Return on Other Non-Current Assets	372.69%	340.62%	163.40%	123.72%	106.18%	94.15%	296.87%	474.21%	346.98%	397.32%	187.70%	-215.13%	19.14%	9.58%	50.13%	67.20%	32.87%	18.94%	3.10%	45.91%	121.03%	17.52%	103.50%	67.36%	35.71%	43.73%	42.37%	45.51%	76.35%	59.82%	6.03%	0.00%
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	4,611M
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%	-0.11%
Total Non-Current Assets	8,595M	8,124M	8,061M	8,554M	8,159M	7,135M	8,941M	9,022M	7,822M	7,359M	7,474M	8,069M	8,357M	8,468M	8,096M	6,998M	8,351M	9,009M	10,016M	10,147M	10,186M	9,503M	7,054M	7,473M	5,954M	4,882M	4,239M	3,466M	2,900M	2,159M	2,427M	0M
Return on Total Non-Current Assets	19.39%	20.34%	11.14%	10.27%	10.15%	9.65%	12.72%	24.86%	20.58%	28.24%	15.32%	-15.86%	3.19%	1.89%	9.20%	11.30%	6.17%	3.40%	0.64%	9.28%	23.11%	3.80%	15.08%	10.41%	8.75%	10.86%	11.06%	11.86%	8.79%	6.21%	0.49%	0.00%
Total Assets	24,950M	24,465M	21,604M	22,850M	21,603M	18,900M	24,899M	25,372M	24,580M	23,819M	23,655M	18,317M	19,425M	18,871M	19,188M	17,914M	21,432M	26,781M	27,280M	25,221M	26,001M	21,286M	20,230M	21,991M	14,347M	11,446M	10,907M	9,884M	8,349M	5,443M	5,854M	4,611M
Return on Total Assets	6.65%	6.70%	3.71%	3.57%	3.62%	3.46%	4.57%	8.84%	6.55%	8.72%	4.84%	-6.99%	1.37%	0.85%	3.88%	4.42%	2.40%	1.14%	0.23%	3.73%	9.05%	1.70%	5.26%	3.54%	3.63%	4.63%	4.30%	4.16%	3.05%	2.46%	0.20%	-0.11%
Accounts Payable	3,609M	3,543M	3,361M	3,367M	3,307M	2,904M	2,777M	3,664M	4,386M	4,250M	2,636M	2,842M	3,501M	3,395M	3,485M	2,675M	3,248M	3,522M	3,319M	3,173M	3,637M	3,275M	4,158M	4,061M	2,328M	1,803M	1,898M	1,678M	1,271M	775M	839M	0M
Return on Accounts Payable	46.29%	46.24%	24.94%	24.69%	23.89%	22.63%	40.94%	61.22%	36.71%	48.89%	43.44%	-45.04%	7.63%	4.71%	21.38%	29.57%	15.86%	8.69%	1.93%	29.69%	64.72%	11.02%	25.59%	19.16%	22.38%	29.40%	24.71%	24.49%	20.06%	17.29%	1.43%	0.00%
Short-Term Debt	1,246M	1,550M	1,440M	2,203M	1,806M	1,672M	1,544M	802M	1,392M	1,177M	2,836M	1,278M	1,169M	634M	1,723M	1,842M	2,345M	5,935M	5,365M	2,679M	2,330M	197M	551M	1,112M	610M	589M	681M	1,017M	1,499M	983M	1,522M	0M
Return on Short-Term Debt	156.33%	137.18%	72.00%	58.97%	75.31%	65.88%	73.64%	279.68%	115.66%	176.55%	40.37%	-100.16%	22.84%	25.24%	43.24%	42.94%	21.96%	5.16%	1.19%	35.16%	101.03%	183.25%	193.10%	69.96%	85.41%	89.98%	68.87%	40.41%	17.01%	13.63%	0.79%	0.00%
Tax Payables	158M	140M	76M	51M	38M	30M	80M	238M	156M	168M	57M	0M	0M	0M	0M	60M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	1,131.91%	1,328.28%	795.97%	530.65%	397.99%	318.39%	1,421.25%	942.44%	1,032.05%	1,236.90%	2,008.77%	0.00%	0.00%	0.00%	0.00%	1,318.33%	0.00%	0.00%	0.00%	0.00%	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	522M	482M	440M	396M	310M	248M	501M	463M	601M	437M	406M	411M	405M	406M	395M	371M	392M	330M	223M	283M	323M	253M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	326.43%	347.36%	193.25%	216.47%	169.48%	135.59%	226.95%	484.45%	267.89%	475.51%	282.02%	-311.44%	65.93%	39.41%	188.61%	213.21%	131.38%	92.73%	28.70%	332.86%	728.79%	142.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	1,484M	2,144M	1,781M	1,828M	1,814M	1,562M	1,316M	1,251M	1,885M	2,253M	4,014M	1,139M	1,479M	1,174M	1,533M	1,764M	1,950M	1,956M	1,686M	1,579M	2,446M	100M	3,365M	2,590M	1,577M	1,225M	594M	634M	568M	588M	385M	0M
Return on Other Current Liabilities	117.04%	94.37%	48.46%	45.76%	59.27%	56.00%	86.40%	179.30%	85.41%	92.23%	28.53%	-112.38%	18.05%	13.63%	48.60%	44.84%	26.41%	15.64%	3.80%	59.66%	96.24%	361.00%	31.62%	30.04%	33.04%	43.27%	78.96%	64.83%	44.89%	22.79%	3.12%	0.00%
Total Current Liabilities	8,241M	9,006M	8,004M	8,782M	8,149M	7,188M	7,435M	7,687M	9,600M	9,324M	10,985M	6,595M	7,172M	6,215M	7,684M	7,340M	8,704M	12,535M	11,561M	8,893M	10,004M	6,207M	8,074M	8,834M	4,515M	3,617M	3,902M	3,937M	3,794M	2,346M	2,746M	0M
Return on Total Current Liabilities	20.41%	18.79%	10.13%	9.62%	9.92%	9.35%	15.29%	29.18%	16.77%	22.29%	10.42%	-19.41%	3.72%	2.57%	9.70%	10.78%	5.92%	2.44%	0.55%	10.59%	23.53%	5.82%	13.18%	8.81%	11.54%	14.65%	12.02%	10.44%	6.72%	5.71%	0.44%	0.00%
Long-Term Debt	4,011M	4,254M	3,935M	3,654M	3,516M	3,162M	4,694M	4,080M	3,259M	4,787M	4,452M	3,716M	4,203M	4,160M	3,069M	2,926M	2,855M	3,179M	3,532M	3,348M	2,551M	3,618M	3,032M	3,435M	2,874M	2,557M	2,600M	2,377M	1,904M	830M	1,003M	793M
Return on Long-Term Debt	42.87%	39.55%	22.48%	24.98%	24.06%	21.89%	24.22%	54.98%	49.40%	43.41%	25.72%	-34.45%	6.35%	3.85%	24.28%	27.03%	18.04%	9.63%	1.81%	28.14%	92.28%	9.98%	35.09%	22.65%	18.13%	20.73%	18.04%	17.29%	13.39%	16.14%	1.20%	-0.63%
Capital Lease Obligations	909M	880M	515M	344M	258M	206M	881M	874M	972M	856M	816M	755M	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	183.78%	186.88%	76.49%	50.99%	38.24%	30.59%	129.06%	256.64%	165.64%	242.76%	140.32%	-169.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	381M	368M	320M	257M	233M	224M	379M	400M	365M	338M	360M	329M	356M	223M	239M	209M	177M	185M	84M	134M	84M	183M	132M	149M	180M	145M	232M	206M	253M	126M	141M	0M
Return on Deferred Tax Liabilities	433.95%	446.94%	268.26%	448.03%	445.05%	380.73%	300.00%	560.75%	441.10%	614.79%	318.06%	-389.06%	75.00%	71.75%	311.72%	378.47%	290.96%	165.41%	76.19%	702.99%	2,802.38%	197.27%	806.06%	522.15%	289.44%	365.52%	202.16%	199.51%	100.79%	106.35%	8.51%	0.00%
Other Non-Current Liabilities	840M	767M	799M	810M	876M	778M	847M	824M	849M	658M	657M	711M	892M	916M	853M	787M	969M	757M	848M	771M	808M	913M	1,556M	1,628M	700M	576M	518M	433M	431M	272M	282M	-793M
Return on Other Non-Current Liabilities	198.69%	217.23%	114.14%	110.40%	98.91%	91.05%	134.24%	272.21%	189.63%	315.81%	174.28%	-180.03%	29.93%	17.47%	87.34%	100.51%	53.15%	40.42%	7.55%	122.18%	291.34%	39.54%	68.38%	47.79%	74.43%	92.01%	90.54%	94.92%	59.16%	49.26%	4.26%	0.63%
Total Non-Current Liabilities	5,802M	5,949M	5,387M	4,944M	4,792M	4,298M	6,515M	5,870M	5,020M	6,289M	6,050M	5,295M	5,451M	5,299M	4,161M	3,922M	4,001M	4,121M	4,464M	4,253M	3,443M	4,714M	4,720M	5,212M	3,754M	3,278M	3,350M	3,016M	2,588M	1,228M	1,426M	0M
Return on Total Non-Current Liabilities	29.24%	27.94%	16.15%	18.25%	17.45%	15.93%	17.45%	38.21%	32.07%	33.04%	18.93%	-24.17%	4.90%	3.02%	17.90%	20.17%	12.87%	7.43%	1.43%	22.15%	68.37%	7.66%	22.54%	14.93%	13.88%	16.17%	14.00%	13.63%	9.85%	10.91%	0.84%	0.00%
Total Liabilities	14,042M	14,955M	13,391M	13,726M	12,941M	11,486M	13,950M	13,557M	14,620M	15,613M	17,035M	11,890M	12,623M	11,514M	11,845M	11,262M	12,705M	16,656M	16,025M	13,146M	13,447M	10,921M	12,794M	14,046M	8,269M	6,895M	7,252M	6,953M	6,382M	3,574M	4,172M	3,414M
Return on Total Liabilities	11.90%	11.15%	6.18%	6.18%	6.20%	5.77%	8.15%	16.54%	11.01%	13.31%	6.72%	-10.77%	2.12%	1.39%	6.29%	7.02%	4.05%	1.84%	0.40%	7.17%	17.51%	3.31%	8.32%	5.54%	6.30%	7.69%	6.47%	5.91%	4.00%	3.75%	0.29%	-0.15%
Preferred Stock	0M	276M	483M	552M	681M	545M	0M	0M	0M	690M	690M	690M	690M	690M	690M	690M	690M	690M	690M	690M	690M	1,553M	1,553M	1,553M	690M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock	0.00%	93.42%	56.61%	78.14%	69.47%	55.58%	0.00%	0.00%	0.00%	301.16%	165.94%	-185.51%	38.70%	23.19%	107.97%	114.64%	74.64%	44.35%	9.28%	136.52%	341.16%	23.25%	68.51%	50.10%	75.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	1M	1M	1M	1M	1M	58M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1,429M	0M
Return on Common Stock	166,333.33%	164,260.00%	88,960.00%	87,180.00%	81,655.00%	70,400.03%	113,700.00%	224,300.00%	161,000.00%	207,800.00%	114,500.00%	-128,000.00%	26,700.00%	16,000.00%	74,500.00%	79,100.00%	51,500.00%	30,600.00%	6,400.00%	94,200.00%	235,400.00%	36,100.00%	106,400.00%	77,800.00%	52,100.00%	53,000.00%	46,900.00%	41,100.00%	25,500.00%	13,400.00%	0.84%	0.00%
Retained Earnings	11,712M	10,270M	8,986M	8,253M	6,943M	5,709M	12,838M	12,077M	10,222M	8,979M	7,236M	6,437M	8,059M	8,081M	8,208M	7,725M	7,180M	6,891M	6,792M	6,917M	6,153M	3,996M	3,844M	2,962M	2,350M	1,907M	1,440M	1,022M	653M	435M	309M	0M
Return on Retained Earnings	14.39%	16.43%	8.69%	10.09%	13.21%	16.43%	8.86%	18.57%	15.75%	23.14%	15.82%	-19.89%	3.31%	1.98%	9.08%	10.24%	7.17%	4.44%	0.94%	13.62%	38.26%	9.03%	27.68%	26.27%	22.17%	27.79%	32.57%	40.22%	39.05%	30.80%	3.88%	0.00%
Accumulated OCI	-6,376M	-6,369M	-6,267M	-4,716M	-3,547M	-2,983M	-6,702M	-6,054M	-6,371M	-6,471M	-6,246M	-5,624M	-6,935M	-5,930M	-5,978M	-6,360M	-4,058M	-2,572M	-1,410M	-610M	583M	319M	-811M	669M	-63M	-312M	-427M	-656M	-1,181M	-766M	-599M	0M
Return on Accumulated OCI	-26.43%	-25.95%	-13.84%	5.45%	-40.84%	-41.21%	-16.97%	-37.05%	-25.27%	-32.11%	-18.33%	22.76%	-3.85%	-2.70%	-12.46%	-12.44%	-12.69%	-11.90%	-4.54%	-154.43%	403.77%	113.17%	-131.20%	116.29%	-826.98%	-169.87%	-109.84%	-62.65%	-21.59%	-17.49%	-2.00%	0.00%
Minority Interest	912M	765M	559M	482M	479M	478M	1,036M	964M	736M	537M	551M	514M	629M	209M	199M	211M	281M	268M	393M	368M	334M	871M	0M	752M	410M	325M	280M	554M	495M	493M	543M	0M
Return on Minority Interest	187.06%	231.19%	177.52%	203.31%	174.24%	152.29%	109.75%	232.68%	218.75%	386.96%	207.80%	-249.03%	42.45%	76.56%	374.37%	374.88%	183.27%	114.18%	16.28%	255.98%	704.79%	41.45%	0.00%	103.46%	127.07%	163.08%	167.50%	74.19%	51.52%	27.18%	2.21%	0.00%
Total Shareholders’ Equity	9,996M	8,745M	7,655M	8,642M	8,220M	6,966M	9,913M	10,851M	9,224M	7,669M	6,069M	5,913M	6,173M	7,148M	7,144M	6,441M	8,446M	9,857M	10,862M	11,707M	12,220M	9,494M	7,436M	7,945M	5,668M	4,226M	3,375M	2,377M	1,472M	1,376M	1,139M	1,197M
Return on Total Shareholders’ Equity	16.53%	19.11%	10.32%	9.35%	9.50%	9.97%	11.47%	20.67%	17.45%	27.10%	18.87%	-21.65%	4.33%	2.24%	10.43%	12.28%	6.10%	3.10%	0.59%	8.05%	19.26%	3.80%	14.31%	9.79%	9.19%	12.54%	13.90%	17.29%	17.32%	9.74%	1.05%	-0.42%
Total Equity	10,908M	9,510M	8,213M	9,124M	8,662M	7,414M	10,949M	11,815M	9,960M	8,206M	6,620M	6,427M	6,802M	7,357M	7,343M	6,652M	8,727M	10,125M	11,255M	12,075M	12,554M	10,365M	7,436M	7,945M	6,078M	4,551M	3,655M	2,931M	1,967M	1,869M	1,682M	1,197M
Return on Total Equity	15.18%	17.63%	9.64%	8.83%	9.01%	9.12%	10.38%	18.98%	16.16%	25.32%	17.30%	-19.92%	3.93%	2.17%	10.15%	11.89%	5.90%	3.02%	0.57%	7.80%	18.75%	3.48%	14.31%	9.79%	8.57%	11.65%	12.83%	14.02%	12.96%	7.17%	0.71%	-0.42%
Total Liabilities & Equity	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Liabilities & Equity	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	1,419M	1,370M	1,190M	1,755M	1,420M	1,140M	1,437M	1,527M	1,294M	1,480M	1,113M	1,303M	704M	1,055M	1,049M	937M	2,130M	5,169M	3,840M	2,633M	648M	622M	761M	706M	0M	0M	0M	13M	12M	6M	61M	0M
Return on Total Investments	116.81%	118.74%	70.40%	75.65%	72.14%	359.30%	79.12%	146.89%	124.42%	140.41%	102.88%	-98.23%	37.93%	15.17%	71.02%	84.42%	24.18%	5.92%	1.67%	35.78%	363.27%	58.04%	139.82%	110.20%	0.00%	0.00%	0.00%	3,161.54%	2,125.00%	2,233.33%	19.67%	0.00%
Net Debt	3,827M	5,030M	4,797M	5,205M	4,670M	4,232M	3,808M	3,154M	4,519M	5,918M	7,752M	5,429M	4,983M	4,193M	3,858M	4,357M	4,838M	8,372M	8,328M	5,192M	3,377M	3,262M	2,579M	3,566M	3,119M	2,792M	2,849M	2,905M	2,933M	1,614M	2,102M	430M
Return on Net Debt	45.53%	37.30%	20.95%	20.83%	21.11%	18.82%	29.86%	71.12%	35.63%	35.11%	14.77%	-23.58%	5.36%	3.82%	19.31%	18.15%	10.64%	3.66%	0.77%	18.14%	69.71%	11.07%	41.26%	21.82%	16.70%	18.98%	16.46%	14.15%	8.69%	8.30%	0.57%	-1.16%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y 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
Net Income	1,663M	1,643M	890M	872M	817M	704M	1,137M	2,243M	1,610M	2,078M	1,145M	-1,280M	267M	160M	745M	791M	515M	306M	64M	942M	2,354M	361M	1,064M	778M	521M	530M	469M	411M	255M	134M	12M	-5M
Working Capital	8,115M	7,335M	5,540M	5,514M	5,295M	4,577M	8,523M	8,663M	7,158M	7,136M	5,196M	3,653M	3,896M	4,188M	3,408M	3,576M	4,377M	5,237M	5,703M	6,181M	5,811M	5,576M	5,102M	5,684M	3,878M	2,947M	2,766M	2,481M	1,655M	938M	681M	0M
Return on Working Capital	20.57%	22.58%	13.25%	13.80%	13.97%	13.78%	13.34%	25.89%	22.49%	29.12%	22.04%	-35.04%	6.85%	3.82%	21.86%	22.12%	11.77%	5.84%	1.12%	15.24%	40.51%	6.47%	20.85%	13.69%	13.43%	17.98%	16.96%	16.57%	15.41%	14.29%	1.76%	0.00%
Total Capital	16,162M	15,430M	13,544M	14,844M	13,800M	12,006M	17,032M	16,607M	14,847M	14,489M	14,173M	11,662M	11,545M	11,942M	11,936M	11,209M	13,646M	18,971M	19,759M	17,734M	17,101M	13,309M	11,019M	12,492M	9,152M	7,372M	6,656M	5,771M	4,875M	3,189M	3,664M	1,990M
Return on Total Capital	10.34%	10.69%	5.94%	5.61%	5.78%	5.58%	6.68%	13.51%	10.84%	14.34%	8.08%	-10.98%	2.31%	1.34%	6.24%	7.06%	3.77%	1.61%	0.32%	5.31%	13.77%	2.71%	9.66%	6.23%	5.69%	7.19%	7.05%	7.12%	5.23%	4.20%	0.33%	-0.25%
Capital Employed	16,710M	15,459M	13,600M	14,068M	13,454M	11,711M	17,464M	17,685M	14,980M	14,495M	12,670M	11,722M	12,253M	12,656M	11,504M	10,574M	12,728M	14,246M	15,719M	16,328M	15,997M	15,079M	12,156M	13,157M	9,832M	7,829M	7,005M	5,947M	4,555M	3,097M	3,108M	4,611M
Return on Capital Employed	9.98%	10.66%	5.98%	5.79%	5.80%	5.60%	6.51%	12.68%	10.75%	14.34%	9.04%	-10.92%	2.18%	1.26%	6.48%	7.48%	4.05%	2.15%	0.41%	5.77%	14.72%	2.39%	8.75%	5.91%	5.30%	6.77%	6.70%	6.91%	5.60%	4.33%	0.39%	-0.11%
Invested Capital	13,823M	13,775M	12,452M	13,848M	12,890M	11,198M	13,721M	14,005M	13,743M	13,587M	13,821M	11,342M	11,156M	11,341M	11,002M	10,798M	13,284M	18,229M	19,190M	16,899M	15,597M	12,756M	10,015M	11,511M	8,787M	7,018M	6,224M	5,282M	4,405M	2,990M	3,241M	1,627M
Return on Invested Capital	12.01%	11.92%	6.62%	6.18%	6.32%	6.10%	8.29%	16.02%	11.72%	15.29%	8.28%	-11.29%	2.39%	1.41%	6.77%	7.33%	3.88%	1.68%	0.33%	5.57%	15.09%	2.83%	10.62%	6.76%	5.93%	7.55%	7.54%	7.78%	5.79%	4.48%	0.37%	-0.31%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y 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
Net Income	1,663M	1,643M	890M	872M	817M	704M	1,323M	1,151M	1,137M	2,243M	1,610M	2,078M	1,145M	-1,280M	267M	160M	745M	791M	515M	306M	64M	942M	2,354M	361M	1,064M	778M	521M	530M	469M	411M	255M	134M	12M	-5M
Depreciation & Amortization	442M	437M	506M	518M	482M	421M	600M	367M	468M	451M	408M	424M	435M	548M	622M	609M	547M	545M	607M	568M	570M	526M	443M	443M	439M	385M	324M	278M	212M	184M	168M	163M	149M	0M
Return on Depreciation & Amortization	378.30%	377.64%	200.52%	191.04%	187.15%	177.18%	220.50%	313.62%	242.95%	497.34%	394.61%	490.09%	263.22%	-233.58%	42.93%	26.27%	136.20%	145.14%	84.84%	53.87%	11.23%	179.09%	531.38%	81.49%	242.37%	202.08%	160.80%	190.65%	221.23%	223.37%	151.79%	82.21%	8.05%	0.00%
Deferred Income Tax	-43M	-66M	-23M	6M	-43M	-38M	-55M	-159M	-10M	-1M	-119M	-272M	71M	-24M	6M	-23M	126M	16M	-45M	460M	-32M	-217M	160M	-204M	-251M	-62M	-191M	-238M	-56M	-17M	-4M	-11M	-17M	0M
Return on Deferred Income Tax	-79,007.65%	-47,234.85%	-22,155.15%	-14,786.15%	-11,207.17%	-9,402.50%	-2,405.45%	-723.90%	-11,370.00%	-224,300.00%	-1,352.94%	-763.97%	1,612.68%	5,333.33%	4,450.00%	-695.65%	591.27%	4,943.75%	-1,144.44%	66.52%	-200.00%	-434.10%	1,471.25%	-176.96%	-423.90%	-1,254.84%	-272.77%	-222.69%	-837.50%	-2,417.65%	-6,375.00%	-1,218.18%	-70.59%	0.00%
Stock-Based Compensation	66M	66M	54M	53M	47M	38M	70M	67M	65M	69M	65M	61M	71M	39M	46M	29M	44M	46M	49M	53M	44M	49M	60M	17M	66M	48M	19M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	2,492.29%	2,499.22%	1,375.90%	1,425.24%	1,473.86%	1,179.09%	1,890.00%	1,717.91%	1,749.23%	3,250.72%	2,476.92%	3,406.56%	1,612.68%	-3,282.05%	580.43%	551.72%	1,693.18%	1,719.57%	1,051.02%	577.36%	145.45%	1,922.45%	3,923.33%	2,123.53%	1,612.12%	1,620.83%	2,742.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-2,286M	-3,393M	-2,604M	-1,872M	-1,533M	-1,311M	319M	619M	95M	673M	-7,627M	-5,007M	-5,097M	-2,003M	-2,492M	-2,880M	-1,111M	-593M	447M	1,072M	-1,568M	1,219M	-3,215M	-416M	461M	-1,563M	-854M	-195M	38M	-523M	-580M	-332M	-732M	0M
Return on Change in Working Capital	503.01%	289.01%	129.22%	95.73%	59.87%	90.68%	414.73%	185.95%	1,196.84%	333.28%	-21.11%	-41.50%	-22.46%	63.90%	-10.71%	-5.56%	-67.06%	-133.39%	115.21%	28.54%	-4.08%	77.28%	-73.22%	-86.78%	230.80%	-49.78%	-61.01%	-271.79%	1,234.21%	-78.59%	-43.97%	-40.36%	-1.64%	0.00%
Accounts Receivable	-2,240M	-1,501M	-801M	-628M	-526M	-465M	-248M	332M	169M	256M	-7,146M	-530M	-255M	-257M	-110M	95M	-131M	-97M	108M	148M	-373M	267M	-1,560M	-229M	-766M	-319M	-69M	270M	-398M	-129M	-116M	-127M	-336M	0M
Return on Accounts Receivable	508.81%	137.07%	-27.51%	39.55%	-25.30%	-50.85%	-533.47%	346.69%	672.78%	876.17%	-22.53%	-392.08%	-449.02%	498.05%	-242.73%	168.42%	-568.70%	-815.46%	476.85%	206.76%	-17.16%	352.81%	-150.90%	-157.64%	-138.90%	-243.89%	-755.07%	196.30%	-117.84%	-318.60%	-219.83%	-105.51%	-3.57%	0.00%
Inventory	448M	-451M	-294M	-386M	-377M	-352M	-146M	28M	96M	1,518M	-269M	-1,301M	-2,298M	504M	-1,107M	-130M	-269M	314M	-161M	238M	-1,567M	530M	-1,894M	1,636M	-905M	-1,743M	-729M	-11M	328M	-249M	-728M	-303M	-311M	0M
Return on Inventory	244.54%	104.81%	9.79%	-2.94%	-253.69%	-207.16%	-906.16%	4,110.71%	1,184.38%	147.76%	-598.51%	-159.72%	-49.83%	-253.97%	-24.12%	-123.08%	-276.95%	251.91%	-319.88%	128.57%	-4.08%	177.74%	-124.29%	22.07%	-117.57%	-44.64%	-71.47%	-4,818.18%	142.99%	-165.06%	-35.03%	-44.22%	-3.86%	0.00%
Accounts Payable	0M	338M	217M	272M	252M	202M	-48M	0M	0M	0M	0M	1,594M	97M	-498M	335M	25M	708M	-88M	-100M	436M	554M	-295M	1,305M	-1,427M	1,161M	1,231M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	0.00%	262.16%	149.39%	61.44%	52.56%	42.05%	-2,756.25%	0.00%	0.00%	0.00%	0.00%	130.36%	1,180.41%	257.03%	79.70%	640.00%	105.23%	-898.86%	-515.00%	70.18%	11.55%	-319.32%	180.38%	-25.30%	91.65%	63.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-494M	-1,779M	-1,727M	-1,130M	-881M	-695M	761M	259M	-170M	-1,101M	-212M	-4,770M	-2,641M	-1,752M	-1,610M	-2,870M	-1,419M	-722M	600M	250M	-182M	717M	-1,066M	-396M	971M	-732M	-56M	-454M	108M	-145M	264M	98M	-85M	0M
Return on Other Working Capital	-543.99%	-343.78%	-183.01%	-116.43%	-144.07%	-100.46%	173.85%	444.40%	-668.82%	-203.72%	-759.43%	-43.56%	-43.35%	73.06%	-16.58%	-5.57%	-52.50%	-109.56%	85.83%	122.40%	-35.16%	131.38%	-220.83%	-91.16%	109.58%	-106.28%	-930.36%	-116.74%	434.26%	-283.45%	96.59%	136.73%	-14.12%	0.00%
Other Non-Cash Items	-27M	-106M	166M	-20M	-21M	9M	-1,769M	183M	94M	-221M	46M	-267M	-181M	1,923M	267M	116M	73M	-194M	-131M	-135M	496M	95M	-2,274M	-543M	502M	3M	-89M	7M	139M	-96M	289M	251M	67M	37M
Return on Other Non-Cash Items	1,231.55%	456.75%	306.80%	223.27%	1,820.70%	1,459.31%	-74.79%	628.96%	1,209.57%	-1,014.93%	3,500.00%	-778.28%	-632.60%	-66.56%	100.00%	137.93%	1,020.55%	-407.73%	-393.13%	-226.67%	12.90%	991.58%	-103.52%	-66.48%	211.95%	25,933.33%	-585.39%	7,571.43%	337.41%	-428.13%	88.24%	53.39%	17.91%	-13.51%
Net Cash from Operating Activities	-114M	-1,354M	-976M	-428M	-228M	-159M	550M	2,295M	1,900M	3,308M	-5,549M	-2,894M	-3,536M	-808M	-1,264M	-1,975M	446M	610M	1,399M	2,225M	-457M	2,614M	-2,435M	-368M	2,543M	-411M	-289M	382M	802M	-41M	128M	205M	-521M	37M
Return on Net Cash from Operating Activities	32.88%	-1.11%	42.04%	26.42%	5.46%	-22.90%	240.55%	50.15%	59.84%	67.81%	-29.01%	-71.80%	-32.38%	158.42%	-21.12%	-8.10%	167.04%	129.67%	36.81%	13.75%	-14.00%	36.04%	-96.67%	-98.10%	41.84%	-189.29%	-180.28%	138.74%	58.48%	-1,002.44%	199.22%	65.37%	-2.30%	-13.51%
Capital Expenditures (PPE)	-1,018M	-763M	-693M	-807M	-780M	-680M	-489M	-1,204M	-1,376M	-1,122M	-555M	-399M	-365M	-524M	-493M	-662M	-784M	-649M	-839M	-1,042M	-1,095M	-1,125M	-1,072M	-918M	-896M	-658M	-503M	-522M	-437M	-304M	-242M	-230M	-184M	0M
Return on Capital Expenditures (PPE)	-190.88%	-281.43%	-145.81%	-123.87%	-116.97%	-110.08%	-270.55%	-95.60%	-82.63%	-199.91%	-290.09%	-520.80%	-313.70%	244.27%	-54.16%	-24.17%	-95.03%	-121.88%	-61.38%	-29.37%	-5.84%	-83.73%	-219.59%	-39.32%	-118.75%	-118.24%	-103.58%	-101.53%	-107.32%	-135.20%	-105.37%	-58.26%	-6.52%	0.00%
Acquisitions (Net)	387M	389M	69M	38M	-6M	-64M	-3,527M	91M	675M	34M	453M	601M	180M	709M	-984M	-479M	-74M	-426M	-96M	402M	60M	-236M	-254M	-144M	-202M	-192M	-74M	-64M	-355M	-196M	-856M	-13M	-78M	0M
Return on Acquisitions (Net)	2,373.64%	1,620.56%	666.93%	332.64%	113.74%	34.28%	-37.51%	1,264.84%	168.44%	6,597.06%	355.41%	345.76%	636.11%	-180.54%	-27.13%	-33.40%	-1,006.76%	-185.68%	-536.46%	76.12%	106.67%	-399.15%	-926.77%	-250.69%	-526.73%	-405.21%	-704.05%	-828.13%	-132.11%	-209.69%	-29.79%	-1,030.77%	-15.38%	0.00%
Purchases of Investments	-625M	-511M	-592M	-421M	-327M	-262M	-409M	-926M	-1,285M	-133M	-456M	-342M	-337M	-449M	-1,184M	-944M	-553M	-235M	-196M	-68M	-83M	-55M	0M	0M	-94M	-39M	-91M	0M	0M	0M	0M	0M	0M	0M
Return on Purchases of Investments	-709.34%	-615.08%	-330.11%	-386.91%	-475.15%	-380.12%	-323.47%	-124.30%	-88.48%	-1,686.47%	-353.07%	-607.60%	-339.76%	285.08%	-22.55%	-16.95%	-134.72%	-336.60%	-262.76%	-450.00%	-77.11%	-1,712.73%	0.00%	0.00%	-1,131.91%	-1,994.87%	-572.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	444M	375M	535M	401M	303M	243M	164M	767M	958M	49M	326M	171M	370M	449M	1,164M	941M	427M	498M	282M	134M	108M	95M	50M	0M	0M	23M	11M	0M	0M	0M	16M	0M	0M	0M
Return on Sales / Maturities of Investments	1,730.03%	1,342.95%	680.29%	864.85%	1,054.59%	907.42%	806.71%	150.07%	118.68%	4,577.55%	493.87%	1,215.20%	309.46%	-285.08%	22.94%	17.00%	174.47%	158.84%	182.62%	228.36%	59.26%	991.58%	4,708.00%	0.00%	0.00%	3,382.61%	4,736.36%	0.00%	0.00%	0.00%	1,593.75%	0.00%	0.00%	0.00%
Other Investing Activities	2,269M	2,771M	2,157M	1,721M	1,311M	1,081M	-1,420M	-48M	-86M	163M	6,731M	5,082M	1,965M	1,318M	1,907M	2,963M	1,518M	10M	164M	145M	43M	101M	3,785M	110M	86M	72M	46M	106M	-49M	601M	9M	64M	171M	-108M
Return on Other Investing Activities	25.97%	35.41%	805.84%	648.48%	700.29%	646.67%	-93.17%	-2,397.92%	-1,322.09%	1,376.07%	23.92%	40.89%	58.27%	-97.12%	14.00%	5.40%	49.08%	7,910.00%	314.02%	211.03%	148.84%	932.67%	62.19%	328.18%	1,237.21%	1,080.56%	1,132.61%	500.00%	-957.14%	68.39%	2,833.33%	209.38%	7.02%	4.63%
Net Cash from Investing Activities	1,459M	2,260M	1,031M	634M	279M	138M	-5,681M	-1,320M	-1,114M	-1,009M	6,499M	5,113M	1,813M	1,483M	410M	-1,162M	-926M	-802M	-685M	-429M	-967M	-1,220M	2,509M	-952M	-1,106M	-794M	-611M	-480M	-841M	60M	-1,073M	-179M	-91M	-108M
Return on Net Cash from Investing Activities	-99.86%	-39.16%	-40.98%	-36.42%	-48.71%	-18.27%	-23.29%	-87.20%	-102.06%	-222.30%	24.77%	40.64%	63.15%	-86.31%	65.12%	-13.77%	-80.45%	-98.63%	-75.18%	-71.33%	-6.62%	-77.21%	93.82%	-37.92%	-96.20%	-97.98%	-85.27%	-110.42%	-55.77%	685.00%	-23.77%	-74.86%	-13.19%	4.63%
Net Debt Issuance	314M	409M	359M	181M	168M	169M	4,824M	966M	1,416M	230M	-705M	-1,097M	2,202M	-438M	956M	86M	61M	882M	-591M	-1,318M	1,368M	-824M	480M	166M	-858M	922M	299M	128M	-166M	-59M	1,046M	-518M	554M	0M
Return on Net Debt Issuance	275.72%	137.94%	250.69%	185.16%	177.17%	102.60%	27.43%	119.15%	80.30%	975.22%	-228.37%	-189.43%	52.00%	292.24%	27.93%	186.05%	1,221.31%	89.68%	-87.14%	-23.22%	4.68%	-114.32%	490.42%	217.47%	-124.01%	84.38%	174.25%	414.06%	-282.53%	-696.61%	24.38%	-25.87%	2.17%	0.00%
Long-Term Debt Issuance	132M	336M	256M	187M	200M	160M	2,243M	829M	1,292M	-168M	-729M	997M	287M	-454M	470M	62M	110M	695M	-653M	-362M	1,179M	195M	-119M	532M	-171M	827M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Debt Issuance	-489.32%	-172.12%	52.73%	-75.05%	-79.30%	-63.44%	58.98%	138.84%	88.00%	-1,335.12%	-220.85%	208.43%	398.95%	281.94%	56.81%	258.06%	677.27%	113.81%	-78.87%	-84.53%	5.43%	483.08%	-1,978.15%	67.86%	-622.22%	94.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt Issuance	182M	73M	103M	-6M	-53M	-42M	2,581M	137M	124M	398M	24M	-2,094M	1,915M	16M	486M	24M	-49M	187M	62M	-956M	189M	-1,019M	599M	-366M	-687M	95M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	2,729.61%	1,629.88%	-22.64%	60.44%	73.60%	58.88%	51.26%	840.15%	916.94%	563.57%	6,708.33%	-99.24%	59.79%	-8,000.00%	54.94%	666.67%	-1,520.41%	422.99%	830.65%	-32.01%	33.86%	-92.44%	392.99%	-98.63%	-154.88%	818.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-633M	-420M	-260M	-214M	-43M	3M	-1,045M	-734M	-1,100M	-600M	-200M	-100M	-100M	0M	0M	0M	-200M	-300M	-226M	43M	23M	-97M	-348M	763M	7M	877M	693M	13M	178M	7M	293M	278M	163M	0M
Return on Net Stock Issuance	-427.40%	-901.04%	-514.14%	-401.79%	673.06%	789.55%	-126.60%	-156.81%	-103.36%	-373.83%	-805.00%	-2,078.00%	-1,145.00%	0.00%	0.00%	0.00%	-372.50%	-263.67%	-227.88%	711.63%	278.26%	-971.13%	-676.44%	47.31%	15,200.00%	88.71%	75.18%	4,076.92%	263.48%	5,871.43%	87.03%	48.20%	7.36%	0.00%
Common Stock Issuance	0M	0M	3M	13M	85M	112M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	25M	74M	43M	23M	23M	6M	763M	7M	32M	693M	13M	348M	7M	293M	278M	163M	0M
Return on Common Stock Issuance	0.00%	0.00%	316.40%	3,211.92%	3,500.47%	3,046.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3,164.00%	695.95%	711.63%	278.26%	4,095.65%	39,233.33%	47.31%	15,200.00%	2,431.25%	75.18%	4,076.92%	134.77%	5,871.43%	87.03%	48.20%	7.36%	0.00%
Common Stock Repurchased	-633M	-420M	-260M	-225M	-169M	-142M	-1,045M	-734M	-1,100M	-600M	-200M	-100M	-100M	0M	0M	0M	-200M	-300M	-300M	0M	0M	-120M	-354M	0M	0M	0M	0M	0M	-170M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	-427.40%	-901.04%	-514.14%	-450.87%	-338.15%	-281.56%	-126.60%	-156.81%	-103.36%	-373.83%	-805.00%	-2,078.00%	-1,145.00%	0.00%	0.00%	0.00%	-372.50%	-263.67%	-171.67%	0.00%	0.00%	-785.00%	-664.97%	0.00%	0.00%	0.00%	0.00%	0.00%	-275.88%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0M	0M	0M	0M	42M	34M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	845M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	0.00%	0.00%	0.00%	4.60%	3.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	92.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-370M	-350M	-320M	-281M	-244M	-208M	-415M	-383M	-378M	-383M	-349M	-323M	-316M	-317M	-305M	-297M	-282M	-249M	-221M	-201M	-192M	-186M	-211M	-198M	-168M	-114M	-74M	-120M	-86M	-105M	-65M	-34M	-18M	0M
Return on Net Dividends Paid	-449.25%	-470.69%	-267.29%	-314.24%	-367.87%	-365.89%	-318.80%	-300.52%	-300.79%	-585.64%	-461.32%	-643.34%	-362.34%	403.79%	-87.54%	-53.87%	-264.18%	-317.67%	-233.03%	-152.24%	-33.33%	-506.45%	-1,115.64%	-182.32%	-633.33%	-682.46%	-704.05%	-441.67%	-545.35%	-391.43%	-392.31%	-394.12%	-66.67%	0.00%
Common Dividends Paid	-370M	-336M	-291M	-245M	-204M	-172M	-415M	-383M	-378M	-383M	-349M	-289M	-282M	-283M	-271M	-247M	-223M	-207M	-187M	-167M	-151M	-140M	-124M	-103M	-87M	-80M	-74M	-63M	-51M	-42M	-65M	-34M	-18M	0M
Return on Common Dividends Paid	-449.25%	-494.56%	-290.00%	-398.15%	-503.18%	-512.59%	-318.80%	-300.52%	-300.79%	-585.64%	-461.32%	-719.03%	-406.03%	452.30%	-98.52%	-64.78%	-334.08%	-382.13%	-275.40%	-183.23%	-42.38%	-672.86%	-1,898.39%	-350.49%	-1,222.99%	-972.50%	-704.05%	-841.27%	-919.61%	-978.57%	-392.31%	-394.12%	-66.67%	0.00%
Preferred Dividends Paid	0M	-14M	-24M	-30M	-35M	-28M	0M	0M	0M	0M	0M	-34M	-34M	-34M	-34M	-34M	-34M	-34M	-34M	-34M	-34M	-34M	-78M	-78M	-81M	-34M	0M	-57M	0M	0M	0M	0M	0M	0M
Return on Preferred Dividends Paid	0.00%	-1,895.88%	-1,148.82%	-1,325.31%	-1,243.71%	-994.97%	0.00%	0.00%	0.00%	0.00%	0.00%	-6,111.76%	-3,367.65%	3,764.71%	-785.29%	-470.59%	-2,191.18%	-2,326.47%	-1,514.71%	-900.00%	-188.24%	-2,770.59%	-3,017.95%	-462.82%	-1,313.58%	-2,288.24%	0.00%	-929.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	118M	44M	13M	6M	3M	8M	191M	-116M	-28M	-103M	485M	-112M	-23M	-16M	-20M	15M	-92M	19M	-20M	-89M	0M	35M	40M	26M	-127M	95M	-27M	0M	0M	55M	21M	50M	10M	-253M
Return on Other Financing Activities	-1,968.81%	-2,548.01%	-165.50%	266.84%	172.13%	231.69%	692.67%	-992.24%	-4,060.71%	-2,177.67%	331.96%	-1,855.36%	-4,978.26%	8,000.00%	-1,335.00%	1,066.67%	-809.78%	4,163.16%	-2,575.00%	-343.82%	0.00%	2,691.43%	5,885.00%	1,388.46%	-837.80%	818.95%	-1,929.63%	0.00%	0.00%	747.27%	1,214.29%	268.00%	120.00%	1.98%
Net Cash from Financing Activities	-572M	-317M	-203M	-303M	-112M	-25M	3,555M	-267M	-90M	-856M	-769M	-1,632M	1,763M	-771M	631M	-180M	-488M	360M	-1,058M	-1,565M	1,206M	-1,060M	-30M	774M	-1,146M	1,762M	891M	21M	-74M	-102M	1,295M	-224M	709M	-253M
Return on Net Cash from Financing Activities	-578.24%	-359.42%	-161.06%	-640.60%	-351.44%	-324.16%	37.22%	-431.09%	-1,263.33%	-262.03%	-209.36%	-127.33%	64.95%	166.02%	42.31%	-88.89%	-152.66%	219.72%	-48.68%	-19.55%	5.31%	-88.87%	-7,846.67%	46.64%	-92.84%	44.15%	58.47%	2,523.81%	-633.78%	-402.94%	19.69%	-59.82%	1.69%	1.98%
Effect of FX on Cash	34M	12M	-1M	-16M	-17M	-15M	12M	-12M	9M	28M	66M	-63M	19M	5M	11M	3M	33M	-119M	-36M	-60M	-46M	-77M	-19M	95M	-268M	59M	20M	-1M	56M	61M	-81M	-30M	-37M	0M
Return on Effect of FX on Cash	7,694.48%	5,162.27%	956.48%	-408.51%	-2,761.05%	-2,180.15%	11,025.00%	-9,591.67%	12,633.33%	8,010.71%	2,439.39%	-3,298.41%	6,026.32%	-25,600.00%	2,427.27%	5,333.33%	2,257.58%	-664.71%	-1,430.56%	-510.00%	-139.13%	-1,223.38%	-12,389.47%	380.00%	-397.01%	1,318.64%	2,605.00%	-53,000.00%	837.50%	673.77%	-314.81%	-446.67%	-32.43%	0.00%
Net Change in Cash	808M	601M	296M	185M	145M	119M	-1,564M	696M	705M	1,471M	247M	524M	59M	-71M	-212M	-333M	523M	49M	-380M	173M	-264M	257M	25M	-451M	23M	616M	11M	-78M	-57M	19M	271M	-224M	60M	-324M
Return on Net Change in Cash	321.86%	660.56%	668.84%	1,099.20%	1,260.86%	1,064.47%	-84.59%	165.37%	161.28%	152.48%	651.82%	396.56%	1,940.68%	1,802.82%	-125.94%	-48.05%	142.45%	1,614.29%	-135.53%	176.88%	-24.24%	366.54%	9,416.00%	-80.04%	4,626.09%	126.30%	4,736.36%	-679.49%	-822.81%	2,163.16%	94.10%	-59.82%	20.00%	1.54%
Cash at Beginning of Period	1,560M	1,077M	809M	758M	725M	658M	16,278M	8,970M	2,623M	1,152M	905M	381M	322M	393M	605M	934M	411M	362M	742M	569M	835M	578M	553M	1,004M	981M	365M	354M	432M	489M	470M	199M	423M	363M	0M
Return on Cash at Beginning of Period	138.65%	263.39%	145.23%	144.79%	139.96%	125.83%	8.13%	12.83%	43.35%	194.70%	177.90%	545.41%	355.59%	-325.70%	44.13%	17.13%	181.27%	218.51%	69.41%	53.78%	7.66%	162.98%	425.68%	35.96%	108.46%	213.15%	147.18%	122.69%	95.91%	87.45%	128.14%	31.68%	3.31%	0.00%
Cash at End of Period	2,368M	1,678M	1,105M	943M	870M	776M	14,714M	9,666M	3,328M	2,623M	1,152M	905M	381M	322M	393M	601M	934M	411M	362M	742M	571M	835M	578M	553M	1,004M	981M	365M	354M	432M	489M	470M	199M	423M	-324M
Return on Cash at End of Period	86.48%	157.91%	75.88%	98.24%	100.83%	93.35%	8.99%	11.91%	34.16%	85.51%	139.76%	229.61%	300.52%	-397.52%	67.94%	26.62%	79.76%	192.46%	142.27%	41.24%	11.21%	112.81%	407.27%	65.28%	105.98%	79.31%	142.74%	149.72%	108.56%	84.05%	54.26%	67.34%	2.84%	1.54%
Operating Cash Flow	-114M	-1,354M	-533M	-132M	-6M	18M	550M	2,295M	1,900M	3,308M	-5,549M	-2,894M	-3,536M	-814M	-1,264M	1,006M	1,904M	610M	1,399M	2,225M	-455M	2,614M	-2,435M	-368M	2,543M	-411M	-289M	382M	802M	-41M	130M	209M	-521M	37M
Return on Operating Cash Flow	32.88%	-1.11%	31.53%	19.41%	0.20%	-27.28%	240.55%	50.15%	59.84%	67.81%	-29.01%	-71.80%	-32.38%	157.25%	-21.12%	15.90%	39.13%	129.67%	36.81%	13.75%	-14.07%	36.04%	-96.67%	-98.10%	41.84%	-189.29%	-180.28%	138.74%	58.48%	-1,002.44%	196.15%	64.11%	-2.30%	-13.51%
Capital Expenditure	-1,018M	-763M	-693M	-807M	-780M	-680M	-489M	-1,204M	-1,376M	-1,122M	-555M	-399M	-365M	-524M	-493M	-662M	-784M	-649M	-839M	-1,042M	-1,095M	-1,125M	-1,072M	-918M	-896M	-658M	-503M	-522M	-437M	-304M	-242M	-230M	-184M	0M
Return on Capital Expenditure	-190.88%	-281.43%	-145.81%	-123.87%	-116.97%	-110.08%	-270.55%	-95.60%	-82.63%	-199.91%	-290.09%	-520.80%	-313.70%	244.27%	-54.16%	-24.17%	-95.03%	-121.88%	-61.38%	-29.37%	-5.84%	-83.73%	-219.59%	-39.32%	-118.75%	-118.24%	-103.58%	-101.53%	-107.32%	-135.20%	-105.37%	-58.26%	-6.52%	0.00%
Free Cash Flow	-1,131M	-2,118M	-1,669M	-1,235M	-1,008M	-839M	61M	1,091M	524M	2,186M	-6,104M	-3,293M	-3,901M	-1,332M	-1,757M	-2,637M	-338M	-39M	560M	1,183M	-1,552M	1,489M	-3,507M	-1,286M	1,647M	-1,069M	-792M	-140M	365M	-345M	-112M	-21M	-705M	37M
Return on Free Cash Flow	97.74%	40.15%	-197.30%	-124.21%	-117.19%	-128.08%	2,168.85%	105.50%	216.98%	102.61%	-26.38%	-63.10%	-29.35%	96.10%	-15.20%	-6.07%	-220.41%	-2,028.21%	91.96%	25.87%	-4.12%	63.26%	-67.12%	-28.07%	64.60%	-72.78%	-65.78%	-378.57%	128.49%	-119.13%	-227.68%	-638.10%	-1.70%	-13.51%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y 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
Net Income	1,734M	1,707M	926M	890M	842M	725M	1,385M	1,218M	1,188M	2,337M	1,678M	2,167M	1,165M	-1,291M	287M	174M	767M	790M	517M	207M	36M	940M	2,388M	335M	1,326M	778M	521M	530M	469M	411M	255M	134M	12M	0M
EBITDA	3,119M	2,941M	2,054M	2,069M	1,899M	1,651M	2,903M	2,652M	2,463M	4,018M	2,877M	3,232M	2,113M	-318M	1,417M	1,102M	1,777M	1,854M	1,688M	1,945M	1,236M	1,841M	3,786M	871M	2,337M	1,939M	917M	893M	1,116M	907M	649M	427M	194M	297M
Return on EBITDA	54.91%	57.38%	81.47%	64.87%	61.23%	55.55%	47.71%	45.93%	48.23%	58.16%	58.32%	67.05%	55.13%	405.97%	20.25%	15.79%	43.16%	42.61%	30.63%	10.64%	2.91%	51.06%	63.07%	38.46%	56.74%	40.12%	56.82%	59.35%	42.03%	45.31%	39.29%	31.38%	6.19%	0.00%
(-) Tax Adjustment	675M	579M	461M	524M	404M	368M	637M	721M	543M	940M	540M	501M	371M	-23M	556M	268M	393M	522M	573M	1,734M	-20M	99M	868M	-426M	364M	500M	-68M	-163M	425M	295M	178M	151M	68M	-382M
Return on (-) Tax Adjustment	259.29%	304.82%	767.56%	587.95%	408.51%	346.77%	217.51%	168.87%	218.78%	248.54%	310.56%	432.11%	314.14%	5,688.37%	51.60%	64.85%	195.41%	151.30%	90.28%	11.94%	-180.58%	946.92%	275.13%	-78.67%	363.83%	155.45%	-765.43%	-324.26%	110.22%	139.55%	143.19%	88.61%	17.53%	0.00%
(-) Change In Working Capital	-2,286M	-3,393M	-2,604M	-1,872M	-1,533M	-1,311M	319M	619M	95M	673M	-7,627M	-5,007M	-5,097M	-2,003M	-2,492M	-2,880M	-1,111M	-593M	447M	1,072M	-1,568M	1,219M	-3,215M	-416M	461M	-1,563M	-854M	-195M	38M	-523M	-580M	-332M	-732M	0M
Return on (-) Change In Working Capital	525.26%	301.93%	135.43%	99.32%	65.72%	95.36%	434.17%	196.77%	1,250.53%	347.25%	-22.00%	-43.28%	-22.86%	64.45%	-11.52%	-6.04%	-69.04%	-133.22%	115.66%	19.31%	-2.30%	77.11%	-74.28%	-80.53%	287.64%	-49.78%	-61.01%	-271.79%	1,234.21%	-78.59%	-43.97%	-40.36%	-1.64%	0.00%
(-) Capital Expenditure	-1,018M	-763M	-693M	-807M	-780M	-680M	-489M	-1,204M	-1,376M	-1,122M	-555M	-399M	-365M	-524M	-493M	-662M	-784M	-649M	-839M	-1,042M	-1,095M	-1,125M	-1,072M	-918M	-896M	-658M	-503M	-522M	-437M	-304M	-242M	-230M	-184M	0M
Return on (-) Capital Expenditure	-198.99%	-291.85%	-151.69%	-127.20%	-120.79%	-113.14%	-283.23%	-101.16%	-86.34%	-208.29%	-302.34%	-543.11%	-319.18%	246.37%	-58.22%	-26.28%	-97.83%	-121.73%	-61.62%	-19.87%	-3.29%	-83.56%	-222.76%	-36.49%	-147.99%	-118.24%	-103.58%	-101.53%	-107.32%	-135.20%	-105.37%	-58.26%	-6.52%	0.00%
Unlevered Free Cash Flow	3,713M	4,991M	3,504M	2,610M	2,248M	1,915M	1,458M	108M	449M	1,283M	9,409M	7,339M	6,474M	1,184M	2,860M	3,052M	1,711M	1,276M	-171M	-1,903M	1,729M	-602M	5,061M	795M	616M	2,344M	1,336M	729M	216M	831M	809M	378M	674M	679M
Return on Unlevered Free Cash Flow	154.88%	102.43%	52.56%	6.99%	25.37%	33.73%	94.98%	1,130.45%	264.60%	182.19%	17.83%	29.53%	17.99%	-109.07%	10.04%	5.70%	44.81%	61.92%	-302.99%	-10.88%	2.08%	-156.08%	47.18%	42.15%	215.42%	33.20%	39.00%	72.66%	217.63%	49.43%	31.52%	35.47%	1.78%	0.00%
(-) Net Interest Income After Taxes	-264M	-231M	-210M	-194M	-171M	-136M	-244M	-263M	-240M	-282M	-270M	-165M	-200M	-286M	-187M	-170M	-143M	-154M	-172M	-31M	-245M	-188M	-175M	-240M	-124M	-139M	0M	0M	0M	0M	0M	0M	0M	0M
Return on (-) Net Interest Income After Taxes	-648.72%	-768.61%	-469.67%	-502.76%	-465.53%	-372.43%	-568.64%	-463.43%	-494.81%	-829.08%	-622.29%	-1,315.38%	-581.48%	451.37%	-153.40%	-102.22%	-537.95%	-511.50%	-300.93%	-664.87%	-14.70%	-499.28%	-1,364.89%	-139.75%	-1,068.71%	-560.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	314M	409M	359M	181M	168M	169M	4,824M	966M	1,416M	230M	-705M	-1,097M	2,202M	-438M	956M	86M	61M	882M	-591M	-1,318M	1,368M	-824M	480M	166M	-858M	922M	299M	128M	-166M	-59M	1,046M	-518M	554M	0M
Return on Net Debt Issuance	287.32%	143.47%	259.14%	191.62%	179.71%	104.63%	28.71%	126.09%	83.90%	1,016.09%	-238.01%	-197.54%	52.91%	294.75%	30.02%	202.33%	1,257.38%	89.57%	-87.48%	-15.71%	2.63%	-114.08%	497.50%	201.81%	-154.55%	84.38%	174.25%	414.06%	-282.53%	-696.61%	24.38%	-25.87%	2.17%	0.00%
Levered Free Cash Flow	4,291M	5,631M	4,073M	2,984M	2,587M	2,220M	6,526M	1,337M	2,105M	1,795M	8,973M	6,406M	8,876M	1,032M	4,003M	3,308M	1,915M	2,312M	-590M	-3,190M	3,342M	-1,238M	5,716M	1,201M	-118M	3,404M	1,635M	857M	50M	772M	1,855M	-140M	1,228M	679M
Return on Levered Free Cash Flow	68.45%	50.46%	21.38%	5.77%	-44.45%	1.23%	21.22%	91.13%	56.44%	130.23%	18.70%	33.83%	13.12%	-125.13%	7.17%	5.26%	40.05%	34.17%	-87.65%	-6.49%	1.08%	-75.93%	41.78%	27.90%	-1,120.09%	22.85%	31.86%	61.81%	947.35%	53.21%	13.75%	-95.56%	0.98%	0.00%