ACNB Corporation (ACNB)

Category: Company Returns Sector: Financial Services Industry: Banks - Regional Live Price: $49.40

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	33M	29M	22M	18M	15M	14M	13M	33M	29M	32M	32M	36M	28M	18M	24M	22M	10M	11M	11M	10M	9M	9M	9M	8M	7M	7M	8M	7M	7M	9M	11M	9M	8M	8M	8M	8M	7M	7M	6M
Revenue	118M	112M	90M	77M	72M	67M	59M	178M	125M	132M	115M	108M	101M	105M	88M	80M	66M	53M	52M	49M	49M	52M	54M	57M	57M	57M	62M	58M	51M	44M	46M	43M	43M	43M	41M	19M	17M	17M	16M
Return on Revenue	28.23%	25.94%	24.03%	21.84%	19.59%	19.83%	22.64%	18.47%	23.43%	24.09%	27.62%	32.97%	27.58%	17.45%	27.04%	27.04%	14.85%	20.41%	21.24%	20.82%	18.89%	16.99%	15.87%	14.82%	12.66%	11.76%	12.81%	12.53%	14.41%	21.34%	23.35%	20.79%	19.53%	18.99%	19.04%	40.18%	42.42%	41.48%	40.21%
Cost of Revenue	11M	12M	10M	10M	13M	13M	14M	41M	19M	21M	9M	4M	7M	21M	11M	9M	5M	4M	4M	4M	5M	11M	13M	16M	18M	24M	27M	24M	18M	13M	14M	14M	16M	17M	16M	17M	15M	15M	14M
Return on Cost of Revenue	494.44%	393.81%	317.31%	254.42%	199.19%	171.66%	150.83%	80.38%	155.58%	150.99%	345.79%	986.53%	399.63%	86.11%	220.87%	241.14%	180.16%	276.28%	285.56%	271.07%	171.26%	82.51%	65.92%	52.51%	39.43%	27.56%	29.33%	29.98%	41.24%	69.04%	75.78%	64.41%	51.16%	47.15%	48.23%	45.94%	47.80%	46.91%	44.74%
Gross Profit	107M	100M	81M	68M	60M	53M	46M	137M	106M	111M	106M	105M	94M	84M	77M	71M	61M	49M	48M	46M	44M	42M	41M	41M	39M	33M	35M	34M	33M	30M	32M	29M	26M	25M	25M	2M	2M	2M	2M
Return on Gross Profit	30.93%	28.86%	26.67%	24.90%	23.95%	25.51%	70.70%	23.98%	27.58%	28.66%	30.01%	34.11%	29.62%	21.89%	30.81%	30.45%	16.18%	22.04%	22.95%	22.55%	21.24%	21.39%	20.90%	20.65%	18.65%	20.53%	22.75%	21.52%	22.16%	30.89%	33.75%	30.70%	31.58%	31.79%	31.46%	320.41%	376.51%	357.96%	396.99%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on R&D Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	41M	40M	33M	29M	25M	22M	20M	51M	45M	44M	42M	37M	38M	37M	31M	29M	26M	24M	23M	21M	21M	20M	19M	20M	19M	16M	14M	14M	13M	10M	10M	9M	8M	8M	8M	7M	7M	6M	6M
Return on SG&A Expenses	81.01%	73.12%	64.97%	58.17%	55.94%	65.10%	72.70%	63.87%	64.98%	71.80%	74.88%	96.35%	73.13%	49.45%	77.67%	75.64%	36.99%	45.23%	48.56%	47.97%	45.01%	43.55%	44.09%	42.25%	38.40%	41.80%	55.08%	53.69%	57.25%	94.17%	108.75%	94.18%	104.97%	106.64%	103.55%	103.21%	110.72%	120.88%	115.13%
Operating Expenses	65M	63M	52M	45M	40M	35M	29M	95M	69M	71M	66M	60M	59M	61M	48M	45M	44M	35M	33M	32M	32M	30M	30M	30M	30M	25M	25M	25M	24M	19M	18M	17M	14M	13M	13M	-9M	-9M	-9M	-8M
Return on Operating Expenses	51.00%	46.04%	41.54%	37.45%	35.20%	39.43%	23.82%	34.41%	42.25%	45.05%	48.21%	59.73%	47.22%	30.00%	49.81%	48.65%	22.21%	31.33%	33.15%	31.89%	29.10%	29.30%	28.32%	27.78%	23.95%	26.94%	31.71%	29.55%	30.11%	50.12%	59.83%	52.41%	58.19%	61.27%	58.95%	-85.21%	-81.44%	-82.56%	-81.07%
Operating Income (EBIT)	42M	37M	28M	23M	19M	18M	17M	42M	37M	40M	40M	45M	35M	23M	29M	27M	16M	15M	15M	13M	12M	11M	11M	10M	9M	8M	10M	9M	9M	12M	14M	12M	12M	12M	12M	11M	11M	11M	10M
Return on Operating Income (EBIT)	79.28%	79.67%	76.89%	77.60%	78.90%	77.81%	76.04%	79.11%	79.47%	78.79%	79.52%	79.54%	79.48%	81.02%	80.78%	81.39%	59.60%	74.26%	74.55%	76.96%	78.61%	79.30%	79.79%	80.36%	84.18%	86.23%	80.55%	79.11%	83.95%	80.50%	77.41%	74.13%	69.07%	66.07%	67.48%	67.31%	66.95%	67.09%	67.32%
Interest Income	97M	91M	72M	61M	58M	54M	51M	147M	104M	106M	96M	87M	78M	85M	69M	64M	52M	40M	39M	37M	38M	40M	42M	45M	46M	48M	52M	48M	42M	38M	37M	38M	39M	40M	38M	39M	35M	34M	32M
Return on Interest Income	34.64%	32.26%	30.35%	27.81%	24.75%	24.56%	23.88%	22.41%	28.09%	29.90%	32.90%	41.12%	35.72%	21.65%	34.26%	33.88%	18.99%	26.98%	28.13%	27.56%	24.79%	21.99%	20.33%	18.87%	15.77%	14.13%	15.39%	15.10%	17.45%	24.66%	29.35%	23.56%	21.29%	20.32%	20.48%	20.05%	20.62%	20.97%	20.05%
Interest Expense	12M	11M	9M	8M	11M	12M	12M	36M	21M	24M	8M	4M	7M	12M	10M	7M	5M	4M	4M	4M	4M	6M	7M	10M	14M	19M	27M	23M	17M	13M	14M	13M	16M	17M	16M	16M	15M	15M	14M
Return on Interest Expense	500.30%	410.78%	332.38%	279.12%	218.96%	187.71%	164.30%	90.26%	137.29%	133.50%	380.87%	986.53%	402.52%	150.50%	233.93%	293.93%	180.16%	276.28%	285.56%	282.23%	233.52%	145.79%	113.94%	87.49%	53.24%	35.69%	29.88%	31.09%	42.46%	70.61%	77.22%	66.19%	51.92%	47.82%	49.00%	46.94%	48.48%	47.00%	44.74%
Net Interest Income	85M	80M	63M	53M	47M	42M	39M	110M	83M	83M	88M	83M	71M	73M	59M	57M	46M	36M	35M	34M	34M	34M	34M	35M	32M	29M	25M	25M	25M	25M	23M	24M	23M	23M	22M	22M	20M	19M	18M
Return on Net Interest Income	39.15%	36.39%	34.27%	31.71%	30.61%	32.22%	32.86%	29.82%	35.31%	38.54%	36.01%	42.91%	39.20%	25.28%	40.14%	38.29%	21.23%	29.90%	31.21%	30.55%	27.73%	25.89%	24.75%	24.06%	22.41%	23.40%	31.72%	29.35%	29.62%	37.89%	47.34%	36.58%	36.08%	35.34%	35.19%	34.99%	35.87%	37.87%	36.34%
Unusual Items	-85M	-80M	-63M	-53M	-47M	-42M	-39M	-110M	-83M	-83M	-88M	-83M	-71M	-73M	-59M	-57M	-46M	-36M	-35M	-34M	-34M	-34M	-34M	-35M	-32M	-29M	-25M	-25M	-25M	-25M	-23M	-24M	-23M	-23M	-22M	-22M	-20M	-19M	-18M
Return on Unusual Items	-39.15%	-36.39%	-34.27%	-31.71%	-30.61%	-32.22%	-32.86%	-29.82%	-35.31%	-38.54%	-36.01%	-42.91%	-39.20%	-25.28%	-40.14%	-38.29%	-21.23%	-29.90%	-31.21%	-30.55%	-27.73%	-25.89%	-24.75%	-24.06%	-22.41%	-23.40%	-31.72%	-29.35%	-29.62%	-37.89%	-47.34%	-36.58%	-36.08%	-35.34%	-35.19%	-34.99%	-35.87%	-37.87%	-36.34%
EBT Excluding Unusual Items	126M	116M	92M	76M	66M	60M	55M	152M	120M	123M	128M	128M	106M	95M	88M	84M	63M	51M	50M	47M	45M	46M	45M	45M	41M	37M	35M	34M	34M	36M	37M	36M	35M	35M	34M	34M	31M	29M	27M
Return on EBT Excluding Unusual Items	26.18%	24.81%	23.59%	22.34%	21.87%	22.55%	22.70%	21.66%	24.45%	25.88%	24.79%	27.87%	26.25%	19.27%	26.82%	26.04%	15.66%	21.32%	22.00%	21.87%	20.50%	19.52%	18.89%	18.52%	17.70%	18.41%	22.76%	21.41%	21.90%	25.76%	29.38%	24.49%	23.70%	23.02%	23.13%	23.02%	23.36%	24.21%	23.60%
Pre-Tax Income	42M	37M	28M	23M	19M	18M	17M	42M	37M	40M	40M	45M	35M	23M	29M	27M	16M	15M	15M	13M	12M	11M	11M	10M	9M	8M	10M	9M	9M	12M	14M	12M	12M	12M	12M	11M	11M	11M	10M
Return on Pre-Tax Income	79.28%	79.67%	76.89%	77.60%	78.90%	77.81%	76.04%	79.11%	79.47%	78.79%	79.52%	79.54%	79.48%	81.02%	80.78%	81.39%	59.60%	74.26%	74.55%	76.96%	78.61%	79.30%	79.79%	80.36%	84.18%	86.23%	80.55%	79.11%	83.95%	80.50%	77.41%	74.13%	69.07%	66.07%	67.48%	67.31%	66.95%	67.09%	67.32%
Income Tax Expense	9M	7M	6M	5M	4M	4M	4M	9M	8M	9M	8M	9M	7M	4M	6M	5M	7M	4M	4M	3M	3M	2M	2M	2M	1M	1M	2M	2M	1M	2M	3M	3M	4M	4M	4M	4M	4M	3M	3M
Return on Income Tax Expense	382.80%	392.55%	354.93%	362.54%	395.60%	374.88%	346.60%	378.79%	387.02%	371.47%	388.29%	388.65%	387.39%	426.97%	420.21%	437.41%	147.54%	288.46%	292.93%	334.09%	367.46%	383.18%	394.71%	409.29%	531.98%	626.18%	414.03%	378.70%	523.12%	412.77%	342.71%	286.58%	223.27%	194.68%	207.51%	205.89%	202.61%	203.81%	206.03%
Depreciation and Amortization	3M	3M	3M	3M	3M	2M	2M	6M	3M	3M	3M	4M	3M	4M	3M	3M	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M	3M	3M	3M	4M	1M	0M	0M	1M	1M	1M	1M	1M
Return on Depreciation and Amortization	978.12%	849.41%	754.78%	646.13%	562.97%	667.58%	748.82%	572.04%	955.65%	1,049.98%	942.53%	941.83%	808.89%	503.81%	879.86%	762.29%	427.05%	603.83%	627.75%	498.79%	467.39%	435.37%	383.15%	359.48%	316.48%	359.30%	386.04%	272.12%	233.42%	269.10%	266.27%	624.40%	2,638.29%	1,632.06%	1,312.58%	1,152.99%	1,100.30%	1,110.78%	1,098.47%
EBITDA	45M	40M	31M	25M	22M	20M	19M	47M	40M	43M	43M	49M	38M	26M	32M	30M	19M	16M	17M	15M	14M	13M	13M	13M	11M	10M	12M	12M	12M	15M	18M	13M	12M	13M	12M	12M	11M	11M	10M
Return on EBITDA	73.32%	72.43%	69.47%	68.50%	67.66%	66.89%	66.33%	69.50%	73.37%	73.29%	73.33%	73.34%	72.37%	69.80%	73.98%	73.54%	52.30%	66.13%	66.64%	66.68%	67.29%	67.08%	66.03%	65.68%	66.49%	69.54%	66.64%	61.29%	61.74%	61.96%	59.98%	66.26%	67.30%	63.50%	64.18%	63.60%	63.11%	63.26%	63.44%
NOPAT	33M	29M	22M	18M	15M	14M	13M	33M	29M	32M	32M	36M	28M	18M	24M	22M	10M	11M	11M	10M	9M	9M	9M	8M	7M	7M	8M	7M	7M	9M	11M	9M	8M	8M	8M	8M	7M	7M	6M
Return on NOPAT	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Owner's Earnings	35M	31M	24M	19M	16M	15M	13M	36M	31M	34M	34M	38M	30M	21M	25M	23M	10M	10M	11M	9M	9M	9M	9M	10M	8M	7M	9M	8M	6M	7M	14M	8M	7M	8M	8M	8M	8M	8M	7M
Return on Owner's Earnings	94.05%	92.70%	95.35%	96.78%	96.43%	98.57%	97.58%	89.98%	94.45%	93.89%	93.52%	94.74%	93.72%	87.60%	94.91%	95.14%	94.82%	105.27%	99.85%	111.79%	102.41%	100.09%	96.84%	87.05%	95.63%	93.16%	87.45%	86.17%	114.46%	133.30%	76.17%	108.31%	116.07%	101.90%	96.21%	92.02%	91.67%	91.74%	91.66%

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	33M	29M	22M	18M	15M	14M	13M	32M	32M	36M	28M	18M	24M	22M	10M	11M	11M	10M	9M	9M	9M	8M	7M	7M	8M	7M	7M	9M	11M	9M	8M	8M	8M	8M	7M	7M	6M
Cash & Cash Equivalents	94M	278M	162M	117M	93M	79M	70M	47M	66M	168M	710M	399M	114M	41M	34M	19M	19M	20M	18M	51M	23M	24M	24M	17M	19M	21M	19M	23M	33M	18M	22M	19M	34M	21M	29M	22M	23M
Return on Cash & Cash Equivalents	45.56%	29.04%	36.37%	37.14%	37.09%	37.83%	36.39%	67.38%	48.04%	21.26%	3.92%	4.61%	20.74%	53.17%	28.42%	57.41%	58.74%	52.31%	51.42%	17.29%	37.58%	34.83%	29.91%	39.85%	41.31%	35.29%	38.27%	41.01%	32.23%	49.22%	38.03%	43.53%	23.23%	37.13%	25.16%	32.20%	28.21%
Short-Term Investments	341M	360M	258M	213M	160M	128M	107M	18M	452M	554M	437M	338M	191M	162M	157M	143M	126M	118M	130M	166M	209M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	64.83%	41.26%	25.48%	18.67%	14.00%	11.20%	9.34%	181.03%	7.02%	6.46%	6.37%	5.45%	12.43%	13.45%	6.22%	7.60%	8.77%	8.72%	7.17%	5.36%	4.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	435M	638M	420M	330M	253M	207M	177M	65M	518M	722M	1,147M	737M	305M	203M	193M	162M	144M	138M	148M	217M	232M	24M	24M	17M	19M	21M	19M	23M	33M	18M	22M	19M	34M	21M	29M	22M	23M
Return on Cash & Short-Term Investments	20.06%	13.02%	10.30%	10.62%	17.20%	21.92%	23.13%	49.10%	6.12%	4.95%	2.43%	2.50%	7.77%	10.73%	5.06%	6.71%	7.63%	7.47%	6.29%	4.09%	3.67%	34.83%	29.91%	39.85%	41.31%	35.29%	38.27%	41.01%	32.23%	49.22%	38.03%	43.53%	23.23%	37.13%	25.16%	32.20%	28.21%
Net Receivables	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Receivables	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Inventory	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Current Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Current Assets	435M	638M	420M	330M	253M	207M	177M	65M	518M	722M	1,147M	737M	305M	203M	193M	162M	144M	138M	148M	217M	232M	24M	24M	17M	19M	21M	19M	23M	33M	18M	22M	19M	34M	21M	29M	22M	23M
Return on Total Current Assets	20.06%	13.02%	10.30%	10.62%	17.20%	21.92%	23.13%	49.10%	6.12%	4.95%	2.43%	2.50%	7.77%	10.73%	5.06%	6.71%	7.63%	7.47%	6.29%	4.09%	3.67%	34.83%	29.91%	39.85%	41.31%	35.29%	38.27%	41.01%	32.23%	49.22%	38.03%	43.53%	23.23%	37.13%	25.16%	32.20%	28.21%
Property, Plant & Equipment	29M	32M	28M	24M	21M	19M	16M	28M	29M	30M	34M	36M	29M	26M	27M	18M	18M	18M	16M	15M	14M	14M	15M	14M	15M	15M	15M	12M	7M	7M	6M	5M	5M	5M	5M	6M	6M
Return on Property, Plant & Equipment	113.75%	94.68%	79.44%	72.52%	66.86%	80.41%	89.32%	113.26%	109.65%	118.33%	81.27%	50.87%	81.16%	82.35%	36.56%	59.87%	61.06%	58.05%	58.25%	58.73%	58.70%	59.63%	48.91%	46.65%	54.62%	49.02%	50.19%	77.62%	152.67%	123.98%	146.16%	172.67%	172.92%	150.67%	135.12%	110.56%	100.05%
Goodwill	44M	43M	29M	21M	17M	13M	11M	44M	44M	44M	42M	42M	20M	20M	20M	6M	6M	6M	6M	6M	6M	6M	6M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	74.90%	66.90%	96.37%	112.74%	96.24%	77.00%	64.16%	72.07%	71.72%	80.91%	66.10%	43.68%	121.15%	111.07%	49.99%	172.31%	174.65%	163.13%	147.67%	140.87%	134.78%	140.97%	120.88%	112.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	9M	8M	5M	4M	4M	3M	3M	8M	9M	10M	6M	7M	4M	4M	3M	1M	1M	1M	2M	2M	3M	4M	4M	5M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Intangible Assets	367.08%	362.13%	586.73%	540.57%	420.54%	336.43%	280.36%	406.30%	348.91%	346.03%	456.22%	253.19%	535.83%	493.49%	381.00%	1,579.80%	1,066.51%	860.37%	504.88%	368.87%	278.85%	228.28%	165.50%	136.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	1,792M	1,696M	1,424M	1,215M	1,127M	1,039M	927M	2,109M	1,675M	1,592M	1,463M	1,642M	1,284M	1,320M	1,281M	954M	916M	864M	814M	758M	698M	858M	857M	889M	834M	872M	857M	843M	799M	685M	582M	529M	497M	349M	339M	322M	321M
Return on Long-Term Investments	1.88%	1.73%	1.53%	1.40%	1.26%	1.28%	1.40%	1.51%	1.89%	2.25%	1.90%	1.12%	1.85%	1.65%	0.76%	1.14%	1.20%	1.19%	1.14%	1.17%	1.22%	0.98%	0.84%	0.76%	0.95%	0.84%	0.86%	1.10%	1.35%	1.30%	1.43%	1.53%	1.57%	2.21%	2.13%	2.21%	2.01%
Tax Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	137M	119M	95M	83M	75M	66M	72M	141M	144M	127M	94M	90M	77M	75M	73M	65M	63M	62M	60M	51M	52M	63M	56M	46M	59M	57M	54M	46M	33M	24M	20M	15M	10M	170M	94M	122M	109M
Return on Other Non-Current Assets	24.24%	24.52%	23.00%	20.62%	18.85%	22.49%	22.05%	22.58%	21.97%	28.16%	29.52%	20.36%	30.63%	29.13%	13.34%	16.71%	17.61%	16.48%	15.54%	17.38%	16.49%	13.43%	13.01%	14.72%	13.48%	12.79%	13.60%	20.05%	32.41%	36.62%	41.17%	55.13%	75.22%	4.56%	7.68%	5.82%	5.91%
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	2,012M	1,899M	1,580M	1,347M	1,244M	1,140M	1,029M	2,330M	1,901M	1,804M	1,640M	1,818M	1,415M	1,445M	1,404M	1,044M	1,003M	952M	898M	833M	773M	944M	938M	960M	907M	944M	926M	901M	840M	717M	608M	549M	512M	523M	438M	450M	436M
Return on Total Non-Current Assets	1.67%	1.54%	1.37%	1.26%	1.14%	1.17%	1.23%	1.37%	1.67%	1.98%	1.70%	1.01%	1.68%	1.50%	0.70%	1.04%	1.10%	1.08%	1.04%	1.07%	1.10%	0.89%	0.77%	0.70%	0.87%	0.77%	0.80%	1.03%	1.28%	1.24%	1.37%	1.48%	1.53%	1.48%	1.65%	1.58%	1.48%
Total Assets	2,446M	2,536M	2,000M	1,677M	1,497M	1,347M	1,205M	2,395M	2,419M	2,526M	2,787M	2,555M	1,720M	1,648M	1,595M	1,206M	1,148M	1,090M	1,046M	1,050M	1,005M	969M	962M	977M	927M	965M	945M	924M	873M	735M	630M	567M	546M	544M	467M	472M	459M
Return on Total Assets	1.35%	1.15%	1.09%	1.02%	0.96%	1.02%	1.09%	1.33%	1.31%	1.42%	1.00%	0.72%	1.38%	1.32%	0.61%	0.90%	0.96%	0.94%	0.89%	0.85%	0.85%	0.87%	0.75%	0.69%	0.86%	0.76%	0.78%	1.01%	1.23%	1.21%	1.32%	1.43%	1.43%	1.42%	1.55%	1.50%	1.41%
Accounts Payable	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt	38M	38M	36M	42M	46M	49M	42M	16M	57M	42M	35M	38M	34M	35M	37M	35M	35M	46M	49M	47M	92M	39M	55M	83M	31M	60M	59M	65M	70M	76M	52M	49M	30M	0M	0M	0M	0M
Return on Short-Term Debt	114.05%	93.81%	69.04%	52.10%	42.65%	37.09%	31.78%	201.23%	55.71%	85.22%	79.07%	47.82%	69.39%	62.77%	26.52%	31.42%	31.30%	22.52%	18.99%	18.79%	9.25%	21.54%	13.06%	8.08%	25.80%	12.15%	12.44%	14.33%	15.45%	11.65%	16.19%	16.53%	26.23%	0.00%	0.00%	0.00%	0.00%
Tax Payables	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	1,951M	2,093M	1,640M	1,361M	1,193M	1,067M	959M	1,793M	1,862M	2,199M	2,426M	2,186M	1,412M	1,348M	1,298M	968M	913M	845M	801M	834M	783M	747M	729M	690M	671M	670M	679M	647M	639M	583M	509M	453M	453M	456M	396M	403M	392M
Return on Other Current Liabilities	1.70%	1.42%	1.35%	1.28%	1.22%	1.30%	1.37%	1.78%	1.70%	1.63%	1.15%	0.84%	1.68%	1.61%	0.75%	1.12%	1.21%	1.22%	1.16%	1.07%	1.09%	1.13%	0.99%	0.98%	1.18%	1.09%	1.09%	1.44%	1.68%	1.53%	1.64%	1.79%	1.73%	1.70%	1.83%	1.76%	1.65%
Total Current Liabilities	1,989M	2,131M	1,677M	1,403M	1,239M	1,117M	1,002M	1,808M	1,919M	2,241M	2,462M	2,224M	1,446M	1,383M	1,335M	1,002M	948M	891M	850M	881M	875M	786M	784M	774M	701M	730M	739M	712M	709M	659M	561M	502M	482M	456M	396M	403M	392M
Return on Total Current Liabilities	1.67%	1.39%	1.32%	1.23%	1.17%	1.23%	1.31%	1.76%	1.65%	1.60%	1.13%	0.83%	1.64%	1.57%	0.73%	1.08%	1.16%	1.16%	1.10%	1.01%	0.97%	1.07%	0.92%	0.87%	1.13%	1.00%	1.00%	1.31%	1.52%	1.35%	1.49%	1.61%	1.62%	1.70%	1.83%	1.76%	1.65%
Long-Term Debt	160M	115M	97M	90M	97M	86M	72M	258M	198M	24M	38M	57M	70M	84M	95M	74M	77M	81M	83M	60M	71M	81M	80M	107M	130M	146M	126M	132M	87M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Debt	58.77%	56.39%	38.14%	29.50%	23.74%	19.77%	16.47%	12.34%	16.01%	147.97%	73.31%	32.34%	33.99%	26.04%	10.35%	14.64%	14.40%	12.71%	11.26%	14.82%	11.94%	10.33%	8.99%	6.31%	6.09%	5.01%	5.86%	7.05%	12.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Lease Obligations	3M	3M	2M	1M	1M	1M	1M	3M	3M	3M	3M	3M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	1,164.88%	986.40%	560.93%	373.96%	280.47%	224.37%	186.98%	1,152.17%	1,211.78%	1,130.68%	851.19%	586.17%	677.36%	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Tax Liabilities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Liabilities	22M	19M	15M	10M	10M	9M	10M	25M	25M	15M	15M	17M	14M	13M	11M	10M	9M	8M	7M	7M	-39M	8M	9M	12M	10M	12M	7M	6M	4M	5M	7M	5M	4M	27M	19M	20M	16M
Return on Other Non-Current Liabilities	162.37%	156.05%	143.25%	126.70%	114.28%	126.05%	117.02%	126.71%	127.86%	232.55%	181.78%	111.36%	163.66%	163.14%	85.37%	110.93%	129.19%	124.37%	136.04%	121.76%	-22.05%	107.91%	76.05%	58.45%	80.31%	59.53%	110.75%	159.68%	251.82%	162.36%	122.51%	169.10%	215.57%	28.15%	38.77%	35.76%	41.28%
Total Non-Current Liabilities	182M	134M	113M	100M	107M	95M	82M	283M	223M	40M	53M	73M	84M	97M	106M	84M	85M	89M	90M	67M	33M	89M	90M	118M	140M	158M	132M	138M	91M	5M	7M	5M	4M	27M	19M	20M	16M
Return on Total Non-Current Liabilities	38.63%	38.64%	27.89%	23.30%	18.96%	34.07%	40.37%	11.24%	14.23%	90.43%	52.24%	25.06%	28.14%	22.46%	9.23%	12.93%	12.96%	11.53%	10.40%	13.21%	26.06%	9.43%	8.04%	5.69%	5.66%	4.62%	5.57%	6.75%	11.80%	162.36%	122.51%	169.10%	215.57%	28.15%	38.77%	35.76%	41.28%
Total Liabilities	2,171M	2,265M	1,790M	1,503M	1,346M	1,212M	1,084M	2,092M	2,141M	2,280M	2,515M	2,297M	1,531M	1,480M	1,441M	1,086M	1,033M	980M	939M	949M	907M	875M	874M	892M	842M	887M	871M	850M	800M	665M	568M	507M	486M	483M	414M	423M	408M
Return on Total Liabilities	1.52%	1.30%	1.22%	1.14%	1.07%	1.13%	1.21%	1.52%	1.48%	1.57%	1.11%	0.80%	1.55%	1.47%	0.68%	1.00%	1.07%	1.05%	0.99%	0.94%	0.94%	0.96%	0.83%	0.76%	0.94%	0.82%	0.85%	1.10%	1.35%	1.34%	1.47%	1.60%	1.61%	1.60%	1.75%	1.68%	1.58%
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	22M	22M	19M	18M	17M	16M	16M	22M	22M	22M	22M	22M	18M	18M	18M	15M	15M	15M	15M	15M	15M	15M	15M	15M	15M	14M	14M	14M	14M	14M	14M	14M	14M	14M	13M	13M	13M
Return on Common Stock	148.95%	131.49%	111.11%	94.14%	83.19%	79.91%	75.44%	142.44%	142.54%	161.88%	126.64%	83.92%	132.85%	122.37%	55.25%	70.96%	72.21%	67.72%	61.55%	58.96%	56.60%	56.21%	48.20%	45.03%	52.99%	51.10%	54.28%	68.49%	79.23%	65.52%	61.35%	59.51%	54.43%	53.43%	55.04%	53.87%	48.68%
Retained Earnings	214M	192M	152M	127M	111M	100M	90M	235M	213M	194M	167M	148M	139M	122M	106M	101M	95M	88M	83M	78M	74M	70M	66M	63M	61M	63M	66M	63M	59M	53M	49M	46M	46M	43M	35M	32M	34M
Return on Retained Earnings	15.62%	15.18%	14.25%	13.37%	12.90%	13.70%	14.66%	13.57%	14.84%	18.44%	16.64%	12.40%	17.11%	17.85%	9.21%	10.81%	11.65%	11.65%	11.27%	11.41%	11.56%	12.11%	11.00%	10.72%	12.92%	11.60%	11.25%	14.74%	18.34%	16.87%	17.13%	17.50%	17.10%	18.03%	20.67%	22.29%	19.11%
Accumulated OCI	-48M	-32M	-19M	-13M	-10M	-8M	-7M	-42M	-45M	-58M	-10M	-6M	-6M	-9M	-7M	-6M	-5M	-3M	0M	0M	1M	1M	0M	-2M	0M	-5M	-5M	-2M	0M	4M	0M	1M	-2M	1M	1M	0M	0M
Return on Accumulated OCI	-69.54%	-165.30%	-201.93%	280.62%	-468.49%	-153.18%	-25.95%	-76.43%	-70.56%	-61.63%	-291.61%	-326.25%	-405.28%	-235.96%	-138.01%	-180.43%	-233.11%	-377.89%	8,787.74%	-4,191.51%	1,298.02%	712.27%	-2,027.81%	-374.87%	-10,872.60%	-160.26%	-143.61%	-423.86%	2,436.20%	238.78%	1,886.20%	1,402.95%	-350.34%	579.09%	830.92%	1,991.32%	0.00%
Minority Interest	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	275M	271M	210M	174M	151M	134M	121M	303M	277M	245M	272M	258M	190M	168M	154M	120M	115M	110M	107M	101M	97M	94M	88M	84M	85M	77M	74M	75M	72M	70M	63M	60M	60M	61M	53M	49M	51M
Return on Total Shareholders’ Equity	12.17%	10.77%	10.43%	9.93%	9.69%	10.42%	10.90%	10.50%	11.42%	14.59%	10.23%	7.13%	12.52%	12.93%	6.36%	9.05%	9.60%	9.35%	8.72%	8.78%	8.72%	8.98%	8.18%	7.99%	9.32%	9.43%	9.97%	12.49%	14.87%	12.70%	13.30%	13.39%	13.07%	12.64%	13.74%	14.38%	12.55%
Total Equity	275M	271M	210M	174M	151M	134M	121M	303M	277M	245M	272M	258M	190M	168M	154M	120M	115M	110M	107M	101M	97M	94M	88M	84M	85M	77M	74M	75M	72M	70M	63M	60M	60M	61M	53M	49M	51M
Return on Total Equity	12.17%	10.77%	10.43%	9.93%	9.69%	10.42%	10.90%	10.50%	11.42%	14.59%	10.23%	7.13%	12.52%	12.93%	6.36%	9.05%	9.60%	9.35%	8.72%	8.78%	8.72%	8.98%	8.18%	7.99%	9.32%	9.43%	9.97%	12.49%	14.87%	12.70%	13.30%	13.39%	13.07%	12.64%	13.74%	14.38%	12.55%
Total Liabilities & Equity	2,446M	2,536M	2,000M	1,677M	1,497M	1,347M	1,205M	2,395M	2,419M	2,526M	2,787M	2,555M	1,720M	1,648M	1,595M	1,206M	1,148M	1,090M	1,046M	1,050M	1,005M	969M	962M	977M	927M	965M	945M	924M	873M	735M	630M	567M	546M	544M	467M	472M	459M
Return on Total Liabilities & Equity	1.35%	1.15%	1.09%	1.02%	0.96%	1.02%	1.09%	1.33%	1.31%	1.42%	1.00%	0.72%	1.38%	1.32%	0.61%	0.90%	0.96%	0.94%	0.89%	0.85%	0.85%	0.87%	0.75%	0.69%	0.86%	0.76%	0.78%	1.01%	1.23%	1.21%	1.32%	1.43%	1.43%	1.42%	1.55%	1.50%	1.41%
Total Investments	2,133M	2,056M	1,681M	1,429M	1,287M	1,167M	1,033M	2,126M	2,127M	2,146M	1,900M	1,980M	1,475M	1,482M	1,439M	1,097M	1,041M	982M	944M	924M	907M	858M	857M	889M	834M	872M	857M	843M	799M	685M	582M	529M	497M	349M	339M	322M	321M
Return on Total Investments	1.55%	1.41%	1.29%	1.18%	1.10%	1.15%	1.30%	1.50%	1.49%	1.67%	1.46%	0.93%	1.61%	1.47%	0.68%	0.99%	1.06%	1.05%	0.99%	0.96%	0.94%	0.98%	0.84%	0.76%	0.95%	0.84%	0.86%	1.10%	1.35%	1.30%	1.43%	1.53%	1.57%	2.21%	2.13%	2.21%	2.01%
Net Debt	104M	-126M	-28M	16M	51M	57M	44M	227M	189M	-102M	-637M	-304M	-10M	77M	97M	90M	93M	107M	114M	56M	140M	96M	111M	173M	142M	185M	166M	174M	123M	58M	30M	30M	-4M	-21M	-29M	-22M	-23M
Return on Net Debt	-1.40%	-2.92%	-18.11%	-8.84%	-5.41%	-0.96%	-11.66%	14.05%	16.78%	-35.04%	-4.37%	-6.05%	-228.68%	28.15%	10.08%	12.09%	11.85%	9.62%	8.20%	15.90%	6.05%	8.73%	6.48%	3.89%	5.60%	3.94%	4.45%	5.34%	8.74%	15.26%	28.19%	26.66%	-203.09%	-37.13%	-25.16%	-32.20%	-28.21%

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	33M	29M	22M	18M	15M	14M	13M	32M	32M	36M	28M	18M	24M	22M	10M	11M	11M	10M	9M	9M	9M	8M	7M	7M	8M	7M	7M	9M	11M	9M	8M	8M	8M	8M	7M	7M	6M
Working Capital	-1,555M	-1,493M	-1,257M	-1,073M	-986M	-910M	-825M	-1,743M	-1,401M	-1,519M	-1,314M	-1,487M	-1,141M	-1,180M	-1,142M	-840M	-804M	-753M	-702M	-664M	-643M	-761M	-760M	-757M	-682M	-709M	-719M	-689M	-676M	-641M	-539M	-484M	-449M	-435M	-367M	-381M	-369M
Return on Working Capital	-2.15%	-1.96%	-1.72%	-1.58%	-1.44%	-1.45%	-1.51%	-1.83%	-2.26%	-2.35%	-2.12%	-1.24%	-2.08%	-1.84%	-0.86%	-1.29%	-1.37%	-1.37%	-1.33%	-1.34%	-1.32%	-1.11%	-0.95%	-0.89%	-1.16%	-1.03%	-1.03%	-1.35%	-1.59%	-1.39%	-1.55%	-1.67%	-1.74%	-1.78%	-1.97%	-1.87%	-1.75%
Total Capital	474M	424M	344M	307M	294M	270M	235M	577M	532M	311M	345M	353M	293M	286M	285M	229M	226M	237M	239M	209M	261M	214M	224M	275M	246M	283M	259M	271M	229M	147M	114M	109M	90M	61M	53M	49M	51M
Return on Total Capital	7.65%	7.25%	6.49%	5.64%	4.95%	5.12%	6.33%	5.52%	5.95%	11.49%	8.06%	5.21%	8.08%	7.60%	3.43%	4.75%	4.87%	4.35%	3.90%	4.26%	3.26%	3.93%	3.22%	2.45%	3.22%	2.58%	2.85%	3.43%	4.70%	6.08%	7.30%	7.40%	8.72%	12.64%	13.74%	14.38%	12.55%
Capital Employed	457M	406M	323M	274M	258M	230M	203M	587M	500M	285M	325M	331M	274M	265M	260M	204M	200M	199M	196M	169M	130M	183M	178M	203M	225M	235M	206M	212M	164M	76M	69M	65M	63M	89M	71M	69M	67M
Return on Capital Employed	8.11%	7.69%	6.99%	6.41%	5.69%	6.44%	7.07%	5.43%	6.34%	12.56%	8.55%	5.55%	8.66%	8.21%	3.76%	5.33%	5.52%	5.16%	4.74%	5.27%	6.53%	4.60%	4.05%	3.32%	3.52%	3.10%	3.57%	4.38%	6.58%	11.78%	12.00%	12.41%	12.32%	8.72%	10.14%	10.26%	9.62%
Invested Capital	380M	146M	182M	190M	202M	191M	165M	530M	466M	143M	-365M	-46M	179M	245M	251M	210M	208M	217M	220M	157M	238M	190M	200M	258M	227M	262M	240M	249M	196M	128M	92M	91M	56M	40M	24M	27M	29M
Return on Invested Capital	12.60%	-1.96%	2.67%	3.29%	3.25%	3.96%	7.03%	6.01%	6.80%	25.00%	-7.63%	-39.96%	13.24%	8.86%	3.90%	5.18%	5.31%	4.74%	4.23%	5.65%	3.57%	4.43%	3.61%	2.61%	3.50%	2.78%	3.08%	3.74%	5.50%	6.93%	9.04%	8.92%	13.97%	19.16%	30.27%	25.99%	22.61%

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	33M	29M	22M	18M	15M	14M	13M	33M	29M	32M	32M	36M	28M	18M	24M	22M	10M	11M	11M	10M	9M	9M	9M	8M	7M	7M	8M	7M	7M	9M	11M	9M	8M	8M	8M	8M	7M	7M	6M
Depreciation & Amortization	3M	3M	3M	3M	3M	2M	2M	5M	3M	3M	3M	4M	3M	4M	3M	3M	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M	3M	3M	3M	4M	1M	0M	0M	1M	1M	1M	1M	1M
Return on Depreciation & Amortization	978.12%	849.41%	754.78%	646.13%	562.97%	667.58%	748.82%	694.75%	931.09%	1,049.98%	942.53%	941.83%	808.89%	503.81%	879.86%	762.29%	427.05%	603.83%	627.75%	498.79%	467.39%	435.37%	383.15%	359.48%	316.48%	359.30%	386.04%	272.12%	233.42%	269.10%	266.27%	624.40%	2,638.29%	1,632.06%	1,312.58%	1,152.99%	1,100.30%	1,110.78%	1,098.47%
Deferred Income Tax	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	0M	1M	2M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	0.00%	-354.41%	3,163.86%	2,187.64%	3,034.12%	2,518.56%	2,721.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,772.06%	19,767.50%	3,904.49%	572.06%	6,356.14%	2,810.46%	1,176.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	33,136.36%	-5,268.57%	2,659.43%	7,375.34%	-1,121.41%	-1,755.16%	-4,876.51%	-3,911.50%	-2,475.96%	9,902.74%	7,812.09%	7,339.77%
Stock-Based Compensation	1M	1M	0M	0M	0M	0M	0M	1M	1M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	3,527.29%	4,513.70%	6,740.92%	4,493.94%	3,370.46%	2,696.37%	2,246.97%	2,386.70%	2,007.39%	2,521.46%	3,156.18%	4,904.25%	7,688.95%	4,297.66%	7,366.77%	11,692.47%	7,359.40%	18,422.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	1M	1M	2M	1M	0M	-1M	-1M	3M	2M	7M	0M	-4M	2M	-1M	2M	2M	5M	0M	3M	-1M	-1M	1M	-1M	-5M	-4M	-1M	-5M	0M	1M	0M	-2M	-6M	-15M	2M	-3M	0M	1M	-1M	0M
Return on Change in Working Capital	6,290.95%	3,746.81%	2,425.04%	1,505.32%	1,205.79%	728.45%	266.59%	940.46%	1,396.86%	462.47%	19,321.95%	-911.58%	1,404.34%	-1,543.12%	1,523.51%	988.55%	183.09%	2,394.05%	427.18%	-979.07%	-816.39%	1,459.11%	-1,147.37%	-186.96%	-178.42%	-928.93%	-169.38%	1,938.83%	873.93%	-5,745.68%	-483.96%	-148.15%	-56.30%	529.43%	-270.41%	-4,598.21%	909.31%	-733.64%	-5,520.51%
Accounts Receivable	-1M	-1M	0M	0M	0M	0M	0M	0M	-2M	0M	-1M	-1M	1M	-2M	0M	-1M	-1M	0M	0M	0M	0M	0M	0M	0M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	-11,499.79%	-6,737.12%	-4,902.77%	-1,998.71%	-1,392.25%	-1,113.80%	-1,811.15%	14,927.73%	-1,649.69%	-29,216.51%	-2,720.00%	-2,562.87%	1,946.43%	-1,132.64%	13,401.69%	-2,485.49%	-1,911.72%	-7,654.23%	-16,692.42%	13,363.64%	2,797.30%	2,700.91%	-3,308.17%	3,493.36%	1,277.70%	858.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-5,988.37%	1,635.52%	-23,696.67%	1,560.14%
Inventory	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Inventory	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Payable	0M	0M	0M	0M	0M	0M	0M	-1M	1M	1M	1M	0M	-1M	-1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M
Return on Accounts Payable	-17,723.21%	-11,320.45%	3,466.36%	2,363.57%	1,707.37%	1,365.90%	1,405.54%	-3,600.99%	2,327.36%	4,206.87%	4,264.87%	-61,641.38%	-2,100.68%	-1,331.93%	1,808.00%	10,819.90%	3,002.45%	49,404.55%	26,230.95%	11,184.78%	-2,151.27%	-2,820.95%	-3,572.27%	-1,850.33%	-781.28%	-524.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3,005.84%	0.00%	3,863.59%	1,149.29%
Other Working Capital	1M	2M	2M	1M	0M	-1M	-1M	4M	3M	6M	1M	-2M	2M	2M	0M	3M	6M	1M	3M	-1M	-1M	1M	0M	-4M	-4M	0M	-5M	0M	1M	0M	-2M	-6M	-15M	2M	-3M	0M	0M	-1M	-1M
Return on Other Working Capital	1,490.00%	1,393.49%	4,510.17%	2,746.97%	2,034.06%	1,391.06%	1,090.67%	784.92%	1,120.58%	510.52%	5,407.51%	-1,448.04%	1,482.90%	1,014.56%	34,883.82%	756.72%	176.93%	1,893.55%	423.24%	-843.44%	-894.81%	1,493.45%	-3,456.10%	-196.29%	-195.80%	-2,970.93%	-169.38%	1,938.83%	873.93%	-5,745.68%	-483.96%	-148.15%	-56.30%	529.43%	-270.41%	-2,609.80%	2,047.88%	-633.04%	-590.94%
Other Non-Cash Items	1M	4M	1M	2M	2M	1M	1M	2M	-1M	-3M	4M	3M	9M	5M	-3M	2M	-2M	-1M	-1M	-1M	8M	-2M	8M	3M	5M	5M	-1M	0M	0M	-2M	0M	0M	0M	0M	0M	1M	-1M	1M	0M
Return on Other Non-Cash Items	332.65%	335.41%	-23.88%	-56.76%	77.92%	5,198.86%	4,375.96%	1,507.16%	-2,347.84%	-981.08%	722.81%	1,256.22%	327.19%	351.90%	-880.84%	1,087.40%	-432.52%	-882.22%	-807.70%	-755.51%	119.13%	-397.94%	104.00%	317.70%	145.57%	148.61%	-997.11%	-1,739.86%	4,852.63%	-484.54%	119,644.44%	2,406.49%	3,473.75%	3,372.92%	3,092.09%	925.15%	-1,411.91%	563.31%	-1,861.38%
Net Cash from Operating Activities	40M	37M	29M	23M	20M	17M	16M	37M	37M	40M	41M	39M	42M	25M	26M	30M	17M	12M	14M	11M	18M	9M	18M	9M	10M	12M	5M	10M	11M	11M	13M	4M	-6M	10M	6M	9M	8M	8M	7M
Return on Net Cash from Operating Activities	83.10%	77.52%	77.73%	77.40%	79.93%	77.80%	81.51%	88.88%	80.07%	80.05%	78.05%	91.20%	66.07%	72.22%	92.22%	73.61%	57.55%	89.67%	76.62%	95.15%	51.79%	95.52%	46.83%	94.51%	69.33%	54.24%	175.95%	73.28%	64.75%	84.36%	84.51%	228.54%	-130.45%	79.41%	140.22%	88.29%	87.71%	87.41%	96.82%
Capital Expenditures (PPE)	-1M	-1M	-2M	-2M	-2M	-2M	-2M	-1M	-1M	-1M	-1M	-2M	-2M	-1M	-1M	-2M	-2M	-2M	-2M	-3M	-2M	-2M	-2M	-1M	-2M	-1M	-1M	-2M	-4M	-6M	-1M	-2M	-1M	-1M	0M	0M	0M	0M	0M
Return on Capital Expenditures (PPE)	-2,668.15%	-2,305.15%	-1,609.39%	-1,232.43%	-1,043.67%	-994.80%	-919.55%	-2,618.90%	-2,056.62%	-3,317.29%	-2,713.01%	-1,974.16%	-1,766.12%	-1,755.15%	-1,665.80%	-1,247.73%	-557.09%	-463.69%	-633.89%	-326.87%	-421.11%	-433.67%	-437.80%	-773.09%	-370.02%	-487.99%	-865.54%	-483.10%	-180.25%	-160.93%	-1,595.26%	-422.19%	-567.14%	-1,251.16%	-2,716.32%	0.00%	0.00%	0.00%	0.00%
Acquisitions (Net)	-3M	5M	3M	2M	1M	1M	1M	36M	0M	0M	0M	-7M	0M	35M	-1M	-3M	6M	0M	0M	0M	0M	0M	0M	0M	0M	-6M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Acquisitions (Net)	-6,232.00%	-3,728.61%	-2,940.77%	-4,746.24%	-4,466.99%	-3,573.60%	-2,978.00%	90.71%	-16,866.67%	0.00%	-18,211.49%	-484.51%	0.00%	52.98%	-3,706.41%	-841.97%	151.89%	0.00%	-6,368.21%	0.00%	-12,097.40%	0.00%	-2,530.36%	-27,158.06%	-16,788.37%	-111.99%	-1,246.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	-119M	-158M	-100M	-85M	-79M	-110M	-101M	-77M	-49M	0M	-49M	-307M	-217M	-218M	-45M	-39M	-30M	-50M	-44M	-22M	-61M	-64M	-72M	-55M	-41M	-82M	-148M	-7M	-35M	-425M	-372M	-223M	-111M	-30M	-26M	-81M	-60M	-74M	-46M
Return on Purchases of Investments	-25.51%	-19.56%	-28.45%	-25.79%	-27.41%	-23.66%	-22.22%	-42.69%	-60.09%	0.00%	-64.88%	-11.66%	-12.84%	-8.44%	-52.32%	-55.58%	-32.48%	-21.55%	-24.77%	-46.24%	-15.32%	-13.78%	-11.84%	-15.21%	-17.41%	-8.21%	-5.37%	-109.05%	-21.19%	-2.19%	-2.90%	-4.00%	-7.53%	-26.64%	-30.09%	-9.52%	-11.99%	-9.63%	-13.91%
Sales / Maturities of Investments	95M	100M	71M	67M	75M	96M	89M	154M	91M	60M	160M	66M	109M	105M	27M	51M	45M	46M	36M	55M	47M	65M	56M	74M	74M	125M	216M	24M	68M	402M	285M	135M	65M	14M	30M	36M	72M	60M	69M
Return on Sales / Maturities of Investments	42.31%	33.97%	37.54%	30.29%	25.71%	23.86%	22.53%	21.36%	32.17%	53.28%	19.86%	53.78%	25.49%	17.45%	87.26%	42.60%	21.71%	23.41%	30.56%	18.80%	19.80%	13.67%	15.24%	11.38%	9.71%	5.40%	3.67%	30.21%	10.89%	2.31%	3.78%	6.61%	12.90%	56.82%	26.16%	21.76%	10.03%	11.86%	9.38%
Other Investing Activities	-78M	-20M	-31M	-32M	-35M	-32M	-27M	-12M	-110M	-56M	-94M	-82M	170M	-36M	28M	-61M	-72M	-53M	-54M	-73M	-22M	-16M	-30M	-25M	-13M	-94M	-25M	-31M	-59M	-36M	-43M	-11M	-2M	-14M	5M	0M	0M	0M	0M
Return on Other Investing Activities	-44.56%	-33.70%	-17.47%	-23.18%	-24.01%	-48.09%	371.34%	-266.98%	-26.61%	-56.48%	-33.74%	-43.46%	16.40%	-51.23%	84.00%	-35.53%	-13.67%	-20.48%	-20.48%	-14.01%	-42.20%	-54.69%	-28.36%	-33.82%	-56.79%	-7.17%	-32.28%	-23.77%	-12.44%	-25.67%	-25.01%	-79.99%	-535.11%	-56.22%	165.53%	14,855.77%	1,708.98%	-3,025.11%	-1,362.66%
Net Cash from Investing Activities	-105M	-74M	-59M	-50M	-39M	-47M	-39M	99M	-69M	2M	15M	-332M	61M	-115M	8M	-54M	-52M	-59M	-64M	-44M	-38M	-18M	-48M	-7M	18M	-59M	42M	-15M	-30M	-65M	-131M	-101M	-49M	-31M	8M	-46M	12M	-14M	22M
Return on Net Cash from Investing Activities	502.04%	307.22%	173.70%	100.50%	74.04%	56.26%	50.71%	33.01%	-42.24%	1,311.61%	205.27%	-10.78%	45.99%	-16.02%	295.74%	-40.56%	-18.84%	-18.29%	-17.18%	-23.32%	-24.43%	-49.93%	-17.61%	-114.23%	39.68%	-11.47%	18.81%	-49.51%	-24.19%	-14.40%	-8.25%	-8.79%	-16.96%	-25.96%	93.81%	-16.94%	59.05%	-50.31%	29.40%
Net Debt Issuance	67M	33M	13M	8M	3M	9M	8M	-46M	172M	19M	190M	-7M	-22M	-17M	-18M	-13M	18M	-3M	-15M	-5M	24M	-10M	-3M	-15M	-55M	29M	-44M	20M	-12M	40M	80M	25M	3M	19M	7M	18M	-9M	15M	-15M
Return on Net Debt Issuance	-109.93%	-112.59%	-125.27%	-120.63%	-92.19%	-58.13%	-45.74%	-71.21%	17.04%	168.11%	16.68%	-514.57%	-124.78%	-108.38%	-128.69%	-162.98%	55.40%	-379.77%	-73.77%	-201.02%	38.02%	-89.79%	-247.73%	-56.13%	-13.17%	22.95%	-17.84%	35.70%	-62.08%	23.10%	13.42%	35.70%	275.97%	42.32%	110.67%	43.12%	-77.99%	48.47%	-43.01%
Long-Term Debt Issuance	74M	36M	16M	11M	5M	10M	9M	-40M	175M	60M	175M	-14M	-19M	-22M	-17M	-11M	15M	-2M	-4M	-2M	23M	-11M	-10M	1M	-27M	-23M	-15M	20M	-6M	45M	76M	3M	3M	3M	7M	10M	-10M	14M	15M
Return on Long-Term Debt Issuance	-63.26%	-83.91%	-142.11%	-95.05%	-80.77%	-27.58%	-15.90%	-81.72%	16.77%	53.08%	18.11%	-260.96%	-146.15%	-83.61%	-137.75%	-196.21%	63.77%	-483.07%	-248.30%	-582.67%	40.95%	-79.08%	-82.48%	698.67%	-27.08%	-28.95%	-51.96%	36.93%	-118.55%	20.68%	14.12%	329.05%	275.97%	286.04%	116.43%	75.15%	-72.33%	49.64%	43.71%
Short-Term Debt Issuance	-6M	-4M	-3M	-3M	-2M	0M	-1M	-6M	-3M	-41M	15M	7M	-3M	5M	-1M	-2M	2M	-1M	-10M	-3M	2M	1M	7M	-16M	-28M	53M	-29M	1M	-6M	-5M	4M	22M	0M	16M	0M	8M	1M	0M	-30M
Return on Short-Term Debt Issuance	221.40%	35.34%	-419.99%	-215.99%	-116.59%	-86.71%	106.42%	-553.53%	-1,075.41%	-77.57%	212.27%	529.50%	-853.28%	365.76%	-1,955.56%	-962.30%	422.26%	-1,775.98%	-104.95%	-306.89%	532.59%	662.64%	123.65%	-51.95%	-25.63%	12.80%	-27.17%	1,078.40%	-130.34%	-197.62%	271.85%	40.04%	0.00%	49.66%	2,235.14%	101.15%	997.10%	2,048.70%	-21.68%
Net Stock Issuance	-2M	-2M	0M	0M	0M	0M	0M	-6M	-2M	0M	-1M	-6M	-1M	1M	1M	1M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-5M	-1M	0M	0M	0M	0M
Return on Net Stock Issuance	5,057.47%	3,098.87%	2,836.70%	2,631.47%	1,771.11%	972.16%	521.98%	-590.77%	-1,590.68%	18,197.71%	-2,426.34%	-598.96%	-1,910.36%	2,232.28%	2,659.30%	4,019.96%	2,030.71%	1,954.86%	2,207.82%	2,700.79%	2,083.89%	3,012.20%	3,308.17%	0.00%	-2,524.13%	-1,525.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-10,969.74%	-148.40%	-635.50%	0.00%	-1,763.17%	-1,496.63%	-4,749.26%
Common Stock Issuance	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	1M	1M	0M	1M	1M	1M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Issuance	5,640.05%	13,108.49%	7,841.51%	5,968.01%	4,476.01%	3,580.81%	2,984.00%	12,163.33%	8,433.33%	7,510.85%	4,395.01%	5,014.31%	46,390.00%	2,232.28%	2,659.30%	4,019.96%	2,030.71%	1,954.86%	2,207.82%	2,700.79%	2,083.89%	3,012.20%	3,308.17%	0.00%	0.00%	0.00%	0.00%	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 Repurchased	-3M	-2M	-1M	-1M	-1M	0M	0M	-6M	-2M	0M	-2M	-7M	-2M	0M	0M	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 Common Stock Repurchased	-4,962.63%	-3,344.54%	-1,672.27%	-1,114.85%	-1,038.63%	-830.91%	-959.39%	-545.71%	-1,338.26%	-12,789.56%	-1,563.30%	-535.05%	-1,834.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2,524.13%	-1,525.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,763.17%	-1,496.63%	-4,749.26%
Preferred Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-10M	-9M	-8M	-7M	-6M	-6M	-6M	-12M	-10M	-11M	-10M	-9M	-9M	-9M	-7M	-6M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-6M	-5M	-5M	-5M	-5M	-4M	-9M	-4M
Return on Net Dividends Paid	-338.67%	-307.64%	-286.85%	-257.86%	-232.94%	-222.54%	-211.04%	-265.51%	-287.84%	-297.27%	-326.61%	-392.15%	-310.37%	-211.79%	-342.79%	-347.36%	-187.04%	-224.57%	-228.57%	-222.63%	-205.09%	-196.42%	-188.43%	-186.84%	-160.00%	-148.22%	-173.83%	-159.66%	-149.10%	-190.27%	-222.57%	-151.66%	-174.30%	-166.02%	-159.39%	-170.94%	-174.19%	-78.83%	-184.17%
Common Dividends Paid	-10M	-9M	-8M	-7M	-6M	-6M	-6M	-12M	-10M	-11M	-10M	-9M	-9M	-9M	-7M	-6M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-5M	-6M	-5M	-5M	-5M	-5M	-4M	-9M	-4M
Return on Common Dividends Paid	-338.67%	-307.64%	-286.85%	-257.86%	-232.94%	-222.54%	-211.04%	-265.51%	-287.84%	-297.27%	-326.61%	-392.15%	-310.37%	-211.79%	-342.79%	-347.36%	-187.04%	-224.57%	-228.57%	-222.63%	-205.09%	-196.42%	-188.43%	-186.84%	-160.00%	-148.22%	-173.83%	-159.66%	-149.10%	-190.27%	-222.57%	-151.66%	-174.30%	-166.02%	-159.39%	-170.94%	-174.19%	-78.83%	-184.17%
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	-211M	1M	28M	26M	24M	27M	23M	-56M	-125M	-69M	-337M	-227M	241M	399M	64M	50M	38M	55M	68M	44M	-34M	51M	36M	18M	38M	20M	1M	-10M	33M	7M	57M	75M	56M	1M	-3M	14M	0M	0M	0M
Return on Other Financing Activities	-23.69%	-10.98%	8.81%	11.40%	52.00%	111.16%	85.72%	-59.11%	-23.45%	-45.95%	-9.40%	-15.72%	11.56%	4.61%	36.97%	43.85%	26.07%	19.89%	16.18%	23.26%	-27.78%	17.29%	23.44%	46.76%	18.89%	34.31%	868.38%	-75.21%	22.69%	124.37%	18.97%	11.80%	14.99%	1,568.80%	-262.60%	55.12%	0.00%	0.00%	0.00%
Net Cash from Financing Activities	-156M	23M	33M	28M	21M	30M	25M	-120M	35M	-61M	-158M	-249M	208M	374M	40M	31M	50M	47M	49M	35M	-13M	37M	29M	-2M	-21M	44M	-48M	6M	16M	43M	132M	95M	54M	9M	-2M	27M	-14M	5M	-19M
Return on Net Cash from Financing Activities	-28.88%	-13.67%	12.74%	-28.04%	-14.50%	-5.94%	-15.05%	-27.46%	83.70%	-52.29%	-20.03%	-14.33%	13.37%	4.91%	59.74%	71.22%	19.40%	22.88%	22.55%	29.51%	-70.94%	23.85%	29.75%	-560.15%	-33.75%	15.31%	-16.49%	118.36%	47.04%	21.71%	8.15%	9.42%	15.50%	86.90%	-381.80%	28.18%	-52.27%	137.37%	-34.62%
Effect of FX on Cash	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Effect of FX on Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	-221M	-13M	3M	2M	1M	0M	1M	17M	2M	-19M	-102M	-542M	311M	285M	73M	6M	16M	0M	-1M	2M	-33M	29M	-2M	0M	7M	-2M	-1M	1M	-3M	-11M	14M	-3M	-2M	-12M	12M	-9M	7M	-1M	10M
Return on Net Change in Cash	-69.31%	-38.51%	528.31%	1,963.51%	1,451.01%	1,126.35%	915.04%	195.08%	1,315.46%	-170.34%	-31.00%	-6.60%	8.96%	6.45%	32.29%	336.45%	63.11%	6,246.55%	-1,202.73%	660.89%	-28.00%	30.89%	-548.52%	24,054.29%	100.08%	-294.88%	-549.65%	527.50%	-215.61%	-86.84%	75.22%	-314.96%	-465.49%	-69.34%	65.91%	-81.82%	108.61%	-864.84%	64.71%
Cash at Beginning of Period	315M	292M	159M	115M	91M	79M	69M	315M	267M	66M	168M	710M	399M	114M	41M	34M	19M	19M	20M	18M	51M	23M	24M	24M	17M	19M	21M	19M	23M	33M	19M	22M	24M	35M	24M	33M	22M	23M	13M
Return on Cash at Beginning of Period	24.05%	19.04%	38.20%	37.75%	37.64%	37.43%	36.85%	10.42%	10.98%	48.28%	18.84%	5.03%	6.97%	16.08%	57.99%	63.15%	51.70%	57.95%	56.00%	56.80%	18.13%	39.28%	35.17%	34.88%	42.65%	35.10%	38.42%	37.82%	32.50%	27.86%	56.38%	40.61%	35.15%	22.87%	33.26%	23.44%	32.60%	30.91%	49.61%
Cash at End of Period	94M	278M	162M	117M	93M	79M	70M	332M	269M	47M	66M	168M	710M	399M	114M	41M	34M	19M	19M	20M	18M	51M	23M	24M	24M	17M	19M	21M	19M	23M	33M	19M	22M	24M	35M	24M	29M	22M	23M
Return on Cash at End of Period	45.56%	29.04%	36.37%	37.14%	37.09%	37.35%	35.80%	9.89%	10.89%	67.38%	48.04%	21.26%	3.92%	4.61%	20.74%	53.17%	28.42%	57.41%	58.74%	52.31%	51.42%	17.29%	37.58%	34.83%	29.91%	39.85%	41.31%	35.29%	38.27%	41.01%	32.23%	46.62%	38.03%	34.13%	22.11%	32.84%	25.07%	32.05%	28.08%
Operating Cash Flow	40M	37M	29M	23M	20M	17M	16M	37M	37M	40M	41M	39M	42M	25M	26M	30M	17M	12M	14M	11M	18M	9M	18M	9M	10M	12M	5M	10M	11M	11M	13M	4M	-6M	10M	6M	9M	8M	8M	7M
Return on Operating Cash Flow	83.10%	77.52%	77.73%	77.40%	79.93%	77.80%	81.51%	88.88%	80.07%	80.05%	78.05%	91.20%	66.07%	72.22%	92.22%	73.61%	57.55%	89.67%	76.62%	95.15%	51.79%	95.52%	46.83%	94.51%	69.33%	54.24%	175.95%	73.28%	64.75%	84.36%	84.51%	228.54%	-130.45%	79.41%	140.22%	88.29%	87.71%	87.41%	96.82%
Capital Expenditure	-1M	-1M	-2M	-2M	-2M	-2M	-2M	-1M	-1M	-1M	-1M	-2M	-2M	-1M	-1M	-2M	-2M	-2M	-2M	-3M	-2M	-2M	-2M	-1M	-2M	-1M	-1M	-2M	-4M	-6M	-1M	-2M	-1M	-1M	0M	0M	0M	0M	0M
Return on Capital Expenditure	-2,668.15%	-2,305.15%	-1,609.39%	-1,232.43%	-1,043.67%	-994.80%	-919.55%	-3,072.12%	-2,056.62%	-3,317.29%	-2,713.01%	-1,974.16%	-1,766.12%	-1,755.15%	-1,665.80%	-1,247.73%	-557.09%	-463.69%	-633.89%	-326.87%	-421.11%	-433.67%	-437.80%	-773.09%	-370.02%	-487.99%	-865.54%	-483.10%	-180.25%	-160.93%	-1,595.26%	-422.19%	-567.14%	-1,251.16%	-2,716.32%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow	39M	36M	27M	22M	18M	15M	14M	36M	35M	39M	39M	37M	41M	24M	24M	28M	15M	10M	13M	8M	16M	7M	16M	8M	8M	11M	4M	8M	7M	5M	12M	2M	-8M	10M	5M	9M	8M	8M	7M
Return on Free Cash Flow	86.00%	80.39%	84.03%	87.75%	93.54%	104.57%	104.08%	91.53%	83.31%	82.03%	80.36%	95.62%	68.64%	75.32%	97.62%	78.23%	64.18%	111.17%	87.15%	134.21%	59.05%	122.50%	52.44%	107.67%	85.31%	61.03%	220.84%	86.38%	101.04%	177.30%	89.24%	498.27%	-106.06%	84.79%	147.85%	88.29%	87.71%	87.41%	96.82%

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	33M	29M	22M	18M	15M	14M	13M	25M	31M	32M	32M	36M	28M	18M	24M	22M	10M	11M	11M	10M	9M	9M	9M	8M	7M	7M	8M	7M	7M	9M	11M	9M	8M	8M	8M	8M	7M	7M	6M
EBITDA	45M	40M	31M	25M	22M	20M	19M	37M	42M	43M	43M	49M	38M	26M	32M	30M	19M	16M	17M	15M	14M	13M	13M	13M	11M	10M	12M	12M	12M	15M	18M	13M	12M	13M	12M	12M	11M	11M	10M
Return on EBITDA	73.32%	72.43%	69.47%	68.50%	67.66%	66.89%	66.33%	68.54%	73.73%	73.29%	73.33%	73.34%	72.37%	69.80%	73.98%	73.54%	52.30%	66.13%	66.64%	66.68%	67.29%	67.08%	66.03%	65.68%	66.49%	69.54%	66.64%	61.29%	61.74%	61.96%	59.98%	66.26%	67.30%	63.50%	64.18%	63.60%	63.11%	63.26%	63.44%
(-) Tax Adjustment	9M	8M	7M	6M	5M	4M	4M	8M	9M	9M	9M	10M	8M	5M	6M	6M	8M	4M	4M	4M	3M	3M	3M	3M	2M	1M	2M	2M	2M	3M	4M	3M	4M	4M	4M	4M	4M	4M	3M
Return on (-) Tax Adjustment	354.00%	356.51%	321.08%	320.01%	337.30%	319.61%	298.64%	321.16%	362.61%	345.54%	358.08%	358.39%	352.73%	367.82%	384.88%	395.21%	129.47%	256.87%	261.83%	289.43%	314.55%	324.14%	326.68%	334.50%	420.22%	504.99%	342.56%	293.40%	384.74%	317.73%	265.52%	256.17%	217.58%	187.11%	197.36%	194.53%	190.99%	192.20%	194.13%
(-) Change In Working Capital	1M	1M	2M	1M	0M	-1M	-1M	3M	2M	7M	0M	-4M	2M	-1M	2M	2M	5M	0M	3M	-1M	-1M	1M	-1M	-5M	-4M	-1M	-5M	0M	1M	0M	-2M	-6M	-15M	2M	-3M	0M	1M	-1M	0M
Return on (-) Change In Working Capital	6,290.95%	3,746.81%	2,425.04%	1,505.32%	1,205.79%	728.45%	266.59%	720.93%	1,484.44%	462.47%	19,321.95%	-911.58%	1,404.34%	-1,543.12%	1,523.51%	988.55%	183.09%	2,394.05%	427.18%	-979.07%	-816.39%	1,459.11%	-1,147.37%	-186.96%	-178.42%	-928.93%	-169.38%	1,938.83%	873.93%	-5,745.68%	-483.96%	-148.15%	-56.30%	529.43%	-270.41%	-4,598.21%	909.31%	-733.64%	-5,520.51%
(-) Capital Expenditure	-1M	-1M	-2M	-2M	-2M	-2M	-2M	-1M	-1M	-1M	-1M	-2M	-2M	-1M	-1M	-2M	-2M	-2M	-2M	-3M	-2M	-2M	-2M	-1M	-2M	-1M	-1M	-2M	-4M	-6M	-1M	-2M	-1M	-1M	0M	0M	0M	0M	0M
Return on (-) Capital Expenditure	-2,668.15%	-2,305.15%	-1,609.39%	-1,232.43%	-1,043.67%	-994.80%	-919.55%	-2,355.00%	-2,185.56%	-3,317.29%	-2,713.01%	-1,974.16%	-1,766.12%	-1,755.15%	-1,665.80%	-1,247.73%	-557.09%	-463.69%	-633.89%	-326.87%	-421.11%	-433.67%	-437.80%	-773.09%	-370.02%	-487.99%	-865.54%	-483.10%	-180.25%	-160.93%	-1,595.26%	-422.19%	-567.14%	-1,251.16%	-2,716.32%	0.00%	0.00%	0.00%	0.00%
Unlevered Free Cash Flow	33M	30M	21M	18M	15M	15M	14M	24M	30M	26M	33M	41M	27M	21M	23M	20M	4M	9M	8M	10M	10M	8M	9M	14M	11M	8M	13M	8M	5M	6M	15M	14M	22M	6M	11M	8M	7M	9M	7M
Return on Unlevered Free Cash Flow	101.36%	98.54%	119.90%	111.16%	106.02%	102.63%	100.40%	103.46%	103.37%	120.68%	95.94%	87.45%	103.05%	85.57%	103.50%	108.05%	241.61%	115.53%	137.57%	105.21%	94.95%	113.25%	93.72%	61.38%	64.26%	87.51%	59.40%	96.89%	144.83%	143.85%	69.70%	64.23%	38.08%	129.59%	72.23%	92.58%	105.17%	83.56%	92.64%
(-) Net Interest Income After Taxes	67M	63M	49M	42M	37M	33M	30M	78M	67M	65M	70M	66M	56M	59M	48M	46M	27M	27M	26M	26M	26M	27M	27M	28M	27M	25M	20M	20M	21M	20M	18M	18M	16M	15M	15M	15M	13M	13M	12M
Return on (-) Net Interest Income After Taxes	49.38%	45.73%	44.31%	40.78%	38.86%	41.62%	43.62%	32.32%	46.57%	48.91%	45.29%	53.95%	49.31%	31.20%	49.70%	47.05%	35.62%	40.26%	41.86%	39.69%	35.28%	32.65%	31.02%	29.94%	26.62%	27.14%	39.38%	37.10%	35.29%	47.06%	61.16%	49.34%	52.24%	53.49%	52.15%	51.99%	53.58%	56.46%	53.97%
Net Debt Issuance	67M	33M	13M	8M	3M	9M	8M	-46M	172M	19M	190M	-7M	-22M	-17M	-18M	-13M	18M	-3M	-15M	-5M	24M	-10M	-3M	-15M	-55M	29M	-44M	20M	-12M	40M	80M	25M	3M	19M	7M	18M	-9M	15M	-15M
Return on Net Debt Issuance	-109.93%	-112.59%	-125.27%	-120.63%	-92.19%	-58.13%	-45.74%	-54.58%	18.10%	168.11%	16.68%	-514.57%	-124.78%	-108.38%	-128.69%	-162.98%	55.40%	-379.77%	-73.77%	-201.02%	38.02%	-89.79%	-247.73%	-56.13%	-13.17%	22.95%	-17.84%	35.70%	-62.08%	23.10%	13.42%	35.70%	275.97%	42.32%	110.67%	43.12%	-77.99%	48.47%	-43.01%
Levered Free Cash Flow	34M	-1M	-15M	-16M	-19M	-9M	-8M	-100M	135M	-20M	153M	-32M	-52M	-54M	-43M	-39M	-6M	-20M	-33M	-21M	8M	-29M	-22M	-29M	-71M	12M	-51M	8M	-28M	27M	78M	21M	9M	10M	3M	11M	-16M	11M	-20M
Return on Levered Free Cash Flow	-83.62%	-67.69%	-70.47%	-48.89%	-32.13%	-15.17%	-1.75%	-25.26%	23.02%	-161.01%	20.71%	-110.57%	-53.80%	-33.80%	-54.85%	-55.14%	-169.99%	-53.15%	-33.14%	-48.39%	117.85%	-30.36%	-39.05%	-28.63%	-10.21%	55.07%	-15.48%	87.91%	-26.64%	34.50%	13.79%	42.89%	93.07%	79.03%	269.79%	67.75%	-45.50%	67.17%	-32.28%