The Home Depot, Inc. (HD)

Category: Company Returns Sector: Consumer Cyclical Industry: Home Improvement Live Price: $380.17

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Net Income	15,685M	15,271M	12,231M	9,720M	8,336M	7,412M	6,402M	14,582M	14,610M	14,806M	15,143M	17,105M	16,433M	12,866M	11,242M	11,121M	8,630M	7,957M	7,009M	6,345M	5,385M	4,535M	3,883M	3,338M	2,661M	2,260M	4,395M	5,761M	5,838M	5,001M	4,304M	3,664M	3,044M	2,581M	2,320M	1,614M	1,160M	938M	732M
Revenue	156,529M	150,571M	125,530M	108,696M	100,289M	92,049M	80,968M	166,189M	154,596M	159,514M	152,669M	157,403M	151,157M	132,110M	110,225M	108,203M	100,904M	94,595M	88,519M	83,176M	78,812M	74,754M	70,395M	67,997M	66,176M	71,288M	77,349M	79,022M	81,511M	73,094M	64,816M	58,247M	53,553M	45,738M	38,434M	30,219M	24,156M	19,536M	15,470M
Return on Revenue	10.02%	10.14%	9.60%	8.47%	7.72%	7.42%	7.04%	8.77%	9.45%	9.28%	9.92%	10.87%	10.87%	9.74%	10.20%	10.28%	8.55%	8.41%	7.92%	7.63%	6.83%	6.07%	5.52%	4.91%	4.02%	3.17%	5.68%	7.29%	7.16%	6.84%	6.64%	6.29%	5.68%	5.64%	6.04%	5.34%	4.80%	4.80%	4.73%
Cost of Revenue	104,180M	100,024M	83,090M	71,822M	66,243M	61,095M	53,905M	110,756M	102,814M	106,206M	101,709M	104,625M	100,325M	87,257M	72,653M	71,043M	66,548M	62,282M	58,254M	54,787M	51,897M	48,912M	46,133M	44,693M	43,764M	47,298M	51,352M	54,050M	51,081M	48,664M	44,236M	40,139M	37,406M	32,057M	26,560M	21,241M	17,092M	13,869M	11,004M
Return on Cost of Revenue	15.06%	15.26%	14.52%	12.82%	11.69%	11.17%	10.52%	13.17%	14.21%	13.94%	14.89%	16.35%	16.38%	14.74%	15.47%	15.65%	12.97%	12.78%	12.03%	11.58%	10.38%	9.27%	8.42%	7.47%	6.08%	4.78%	8.56%	10.66%	11.43%	10.28%	9.73%	9.13%	8.14%	8.05%	8.73%	7.60%	6.79%	6.76%	6.65%
Gross Profit	52,349M	50,546M	42,440M	36,874M	33,821M	30,775M	26,914M	55,433M	51,782M	53,308M	50,960M	52,778M	50,832M	44,853M	37,572M	37,160M	34,356M	32,313M	30,265M	28,389M	26,915M	25,842M	24,262M	23,304M	22,412M	23,990M	25,997M	24,972M	25,938M	24,430M	20,580M	18,108M	16,147M	13,681M	11,874M	8,978M	7,064M	5,666M	4,467M
Return on Gross Profit	29.97%	30.18%	28.37%	24.93%	22.88%	22.28%	21.46%	26.31%	28.21%	27.77%	29.72%	32.41%	32.33%	28.68%	29.92%	29.93%	25.12%	24.62%	23.16%	22.35%	20.01%	17.55%	16.00%	14.32%	11.87%	9.42%	16.91%	23.07%	22.51%	20.47%	20.91%	20.23%	18.85%	18.87%	19.54%	17.98%	16.42%	16.55%	16.38%
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	27,210M	26,297M	22,253M	20,258M	19,475M	18,109M	15,935M	30,655M	27,702M	28,748M	26,598M	26,284M	25,406M	24,447M	19,740M	19,513M	17,864M	17,132M	16,801M	16,834M	16,122M	16,508M	16,028M	15,849M	15,902M	17,846M	17,053M	18,348M	16,485M	16,504M	13,734M	12,278M	11,215M	9,490M	7,616M	5,944M	4,765M	3,900M	3,106M
Return on SG&A Expenses	57.84%	58.16%	54.12%	45.67%	40.35%	38.12%	36.08%	47.57%	52.74%	51.50%	56.93%	65.08%	64.68%	52.63%	56.95%	56.99%	48.31%	46.45%	41.72%	37.69%	33.40%	27.47%	24.23%	21.06%	16.73%	12.66%	25.77%	31.40%	35.41%	30.30%	31.34%	29.84%	27.14%	27.20%	30.46%	27.15%	24.34%	24.04%	23.55%
Operating Expenses	29,931M	28,832M	24,457M	22,225M	21,172M	19,466M	17,117M	33,897M	30,608M	31,782M	29,271M	28,739M	27,792M	26,575M	21,729M	21,630M	19,675M	18,886M	18,491M	17,920M	17,749M	18,076M	17,601M	17,465M	17,609M	19,631M	18,755M	16,106M	17,957M	16,504M	13,734M	12,278M	11,215M	9,490M	8,079M	6,317M	5,048M	4,133M	3,287M
Return on Operating Expenses	52.61%	53.08%	49.24%	41.63%	37.14%	35.54%	33.69%	43.02%	47.73%	46.59%	51.73%	59.52%	59.13%	48.41%	51.74%	51.41%	43.86%	42.13%	37.90%	35.41%	30.34%	25.09%	22.06%	19.11%	15.11%	11.51%	23.43%	35.77%	32.51%	30.30%	31.34%	29.84%	27.14%	27.20%	28.72%	25.55%	22.98%	22.69%	22.26%
Operating Income (EBIT)	22,418M	21,714M	17,983M	14,649M	12,718M	11,363M	9,842M	21,536M	21,174M	21,526M	21,689M	24,039M	23,040M	18,278M	15,843M	15,530M	14,681M	13,427M	11,774M	10,469M	9,166M	7,766M	6,661M	5,839M	4,803M	4,359M	7,242M	8,866M	9,363M	7,926M	6,846M	5,830M	4,932M	4,191M	3,795M	2,661M	2,000M	1,526M	1,180M
Return on Operating Income (EBIT)	69.92%	70.29%	67.16%	64.32%	63.00%	62.89%	62.51%	67.71%	69.00%	68.78%	69.82%	71.16%	71.32%	70.39%	70.96%	71.61%	58.78%	59.26%	59.53%	60.61%	58.75%	58.40%	58.29%	57.17%	55.40%	51.85%	60.69%	64.98%	62.35%	63.10%	62.87%	62.85%	61.72%	61.58%	61.13%	60.65%	58.00%	61.45%	62.00%
Interest Income	145M	105M	97M	91M	78M	65M	54M	128M	226M	201M	178M	55M	44M	47M	73M	93M	74M	36M	166M	337M	12M	20M	13M	15M	18M	18M	74M	27M	62M	56M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Income	15,657.82%	22,339.13%	17,704.10%	19,906.42%	18,131.38%	14,862.32%	12,385.26%	11,392.19%	6,464.60%	7,366.17%	8,507.30%	31,100.00%	37,347.73%	27,374.47%	15,400.00%	11,958.06%	11,662.16%	22,102.78%	4,222.29%	1,882.79%	44,875.00%	22,675.00%	29,869.23%	22,253.33%	14,783.33%	12,555.56%	5,939.19%	21,337.04%	9,416.13%	8,930.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	1,960M	1,715M	1,378M	1,139M	976M	784M	657M	2,456M	2,196M	2,321M	1,943M	1,617M	1,347M	1,347M	1,201M	1,051M	1,057M	972M	919M	830M	711M	632M	606M	530M	676M	624M	696M	365M	81M	70M	3M	0M	0M	0M	0M	7M	118M	0M	0M
Return on Interest Expense	825.03%	930.05%	904.22%	836.81%	1,136.26%	6,933.45%	6,579.21%	593.73%	665.30%	637.91%	779.36%	1,057.82%	1,219.97%	955.16%	936.05%	1,058.14%	816.46%	818.62%	762.68%	764.46%	757.38%	717.56%	640.76%	629.81%	393.64%	362.18%	631.47%	1,578.36%	7,207.41%	7,144.29%	143,466.67%	0.00%	0.00%	0.00%	0.00%	23,057.14%	983.05%	0.00%	0.00%
Net Interest Income	-1,816M	-1,610M	-1,281M	-1,048M	-898M	-719M	-604M	-2,328M	-1,970M	-2,120M	-1,765M	-1,562M	-1,303M	-1,300M	-1,128M	-958M	-983M	-936M	-753M	-493M	-699M	-612M	-593M	-515M	-658M	-606M	-622M	-338M	-19M	-14M	-3M	0M	0M	0M	0M	-7M	-118M	0M	0M
Return on Net Interest Income	-883.81%	-980.46%	-971.86%	-921.33%	-2,386.73%	-9,076.91%	-8,365.43%	-626.37%	-741.62%	-698.40%	-857.96%	-1,095.07%	-1,261.17%	-989.69%	-996.63%	-1,160.86%	-877.92%	-850.11%	-930.81%	-1,287.02%	-770.39%	-741.01%	-654.81%	-648.16%	-404.41%	-372.94%	-706.59%	-1,704.44%	-30,726.32%	-35,721.43%	-143,466.67%	0.00%	0.00%	0.00%	0.00%	-23,057.14%	-983.05%	0.00%	0.00%
Unusual Items	3,631M	3,220M	2,563M	2,096M	1,817M	1,451M	1,216M	4,673M	3,940M	4,240M	3,530M	3,124M	2,606M	2,600M	2,256M	1,932M	1,966M	1,872M	1,506M	986M	1,398M	1,157M	1,186M	1,081M	1,479M	1,375M	1,244M	702M	100M	28M	6M	-42M	-25M	-26M	-9M	14M	220M	-9M	-15M
Return on Unusual Items	441.90%	490.23%	485.45%	460.76%	713.38%	2,921.40%	1,459.49%	312.05%	370.81%	349.20%	428.98%	547.54%	630.58%	494.85%	498.32%	575.62%	438.96%	425.05%	465.41%	643.51%	385.19%	391.96%	327.40%	308.79%	179.92%	164.36%	353.30%	820.66%	5,838.00%	17,860.71%	71,733.33%	-8,723.81%	-12,176.00%	-9,926.92%	-25,777.78%	11,528.57%	527.27%	-10,778.16%	-4,750.00%
EBT Excluding Unusual Items	16,971M	16,884M	14,137M	11,505M	9,982M	9,180M	8,013M	14,518M	15,264M	15,166M	16,394M	19,353M	19,131M	14,378M	12,459M	12,624M	11,732M	10,619M	9,515M	8,990M	7,069M	6,064M	4,882M	4,192M	2,503M	2,215M	5,376M	7,800M	9,182M	7,884M	6,837M	5,914M	4,982M	4,243M	3,813M	2,640M	1,678M	1,543M	1,211M
Return on EBT Excluding Unusual Items	92.79%	90.75%	85.42%	82.33%	83.12%	78.91%	76.17%	100.44%	95.72%	97.63%	92.37%	88.38%	85.90%	89.48%	90.23%	88.09%	73.56%	74.93%	73.66%	70.58%	76.18%	74.79%	79.54%	79.63%	106.31%	102.03%	81.75%	73.86%	63.58%	63.43%	62.95%	61.95%	61.10%	60.83%	60.84%	61.14%	69.13%	60.76%	60.42%
Pre-Tax Income	20,602M	20,104M	16,700M	13,601M	11,799M	10,631M	9,229M	19,191M	19,204M	19,406M	19,924M	22,477M	21,737M	16,978M	14,715M	14,556M	13,698M	12,491M	11,021M	9,976M	8,467M	7,221M	6,068M	5,273M	3,982M	3,590M	6,620M	8,502M	9,282M	7,912M	6,843M	5,872M	4,957M	4,217M	3,804M	2,654M	1,898M	1,535M	1,195M
Return on Pre-Tax Income	76.13%	75.96%	72.29%	69.35%	68.35%	67.12%	66.11%	75.98%	76.08%	76.30%	76.00%	76.10%	75.60%	75.78%	76.40%	76.40%	63.00%	63.70%	63.60%	63.60%	63.60%	62.80%	63.99%	63.30%	66.83%	62.95%	66.39%	67.76%	62.90%	63.21%	62.90%	62.40%	61.41%	61.20%	60.99%	60.81%	61.12%	61.10%	61.20%
Income Tax Expense	4,918M	4,834M	4,469M	3,881M	3,497M	3,246M	2,849M	4,609M	4,594M	4,600M	4,781M	5,372M	5,304M	4,112M	3,473M	3,435M	5,068M	4,534M	4,012M	3,631M	3,082M	2,686M	2,185M	1,935M	1,362M	1,278M	2,410M	3,236M	3,444M	2,911M	2,539M	2,208M	1,913M	1,636M	1,484M	1,040M	738M	597M	464M
Return on Income Tax Expense	319.00%	315.94%	274.77%	241.08%	225.92%	213.70%	204.20%	316.38%	318.02%	321.87%	316.73%	318.41%	309.82%	312.89%	323.70%	323.76%	170.28%	175.50%	174.70%	174.75%	174.72%	168.84%	177.71%	172.51%	195.37%	176.84%	182.37%	178.03%	169.51%	171.80%	169.52%	165.94%	159.12%	157.76%	156.33%	155.19%	157.18%	157.07%	157.72%
Depreciation and Amortization	3,328M	3,073M	2,571M	2,289M	2,171M	1,923M	1,654M	3,437M	3,584M	3,761M	3,247M	2,975M	2,862M	2,519M	2,296M	2,152M	2,062M	1,973M	1,863M	1,786M	1,757M	1,684M	1,682M	1,718M	1,806M	1,902M	1,906M	1,886M	1,579M	1,319M	1,076M	903M	764M	601M	463M	373M	283M	232M	181M
Return on Depreciation and Amortization	478.33%	503.99%	472.44%	405.37%	362.63%	370.61%	380.55%	424.27%	407.65%	393.67%	466.37%	574.96%	574.18%	510.76%	489.63%	516.78%	418.53%	403.29%	376.22%	355.26%	306.49%	269.30%	230.86%	194.30%	147.34%	118.82%	230.59%	305.46%	369.73%	379.15%	400.00%	405.76%	398.43%	429.45%	501.08%	432.71%	409.89%	403.66%	403.70%
EBITDA	25,873M	24,882M	20,661M	17,036M	14,957M	13,341M	11,540M	25,084M	24,954M	25,435M	25,114M	27,069M	25,946M	20,844M	18,212M	17,929M	16,817M	15,436M	13,803M	12,592M	10,935M	9,537M	8,356M	7,521M	6,464M	6,116M	9,222M	10,779M	11,004M	9,245M	7,922M	6,733M	5,696M	4,792M	4,258M	3,034M	2,283M	1,758M	1,361M
Return on EBITDA	60.57%	61.35%	58.42%	54.81%	52.72%	52.98%	53.01%	58.13%	58.55%	58.21%	60.30%	63.19%	63.34%	61.73%	61.73%	62.03%	51.32%	51.55%	50.78%	50.39%	49.25%	47.55%	46.47%	44.38%	41.17%	36.95%	47.66%	53.45%	53.05%	54.09%	54.33%	54.42%	53.44%	53.86%	54.49%	53.20%	50.81%	53.34%	53.74%
NOPAT	17,067M	16,494M	13,173M	10,470M	8,950M	7,902M	6,812M	16,364M	16,109M	16,423M	16,484M	18,294M	17,418M	13,851M	12,104M	11,865M	9,249M	8,553M	7,488M	6,659M	5,830M	4,877M	4,262M	3,696M	3,160M	2,807M	4,606M	5,491M	5,889M	5,010M	4,306M	3,638M	3,029M	2,565M	2,315M	1,618M	1,222M	932M	722M
Return on NOPAT	91.84%	92.55%	92.93%	92.76%	92.78%	94.29%	95.13%	89.11%	90.70%	90.15%	91.86%	93.50%	94.34%	92.89%	92.88%	93.73%	93.30%	93.03%	93.60%	95.29%	92.37%	92.98%	91.10%	90.31%	84.20%	80.51%	95.43%	104.91%	99.13%	99.82%	99.96%	100.72%	100.51%	100.62%	100.24%	99.74%	94.90%	100.57%	101.31%
Owner's Earnings	15,736M	15,372M	12,302M	9,912M	8,244M	6,815M	5,661M	14,911M	14,952M	15,082M	15,164M	16,961M	16,729M	12,922M	10,860M	10,831M	8,795M	8,309M	7,369M	6,689M	5,753M	4,907M	4,344M	3,960M	3,501M	2,315M	2,743M	4,105M	3,536M	2,372M	1,274M	1,818M	415M	-376M	202M	-333M	-38M	-24M	-365M
Return on Owner's Earnings	99.63%	99.34%	99.19%	96.43%	104.29%	115.32%	-118.30%	97.79%	97.71%	98.17%	99.86%	100.85%	98.23%	99.57%	103.52%	102.68%	98.12%	95.76%	95.11%	94.86%	93.60%	92.42%	89.39%	84.29%	76.01%	97.62%	160.23%	140.34%	165.10%	210.83%	337.83%	201.54%	733.49%	-686.44%	1,148.51%	-484.68%	-3,052.63%	-3,843.03%	-200.19%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Net Income	15,685M	15,271M	12,231M	9,720M	8,336M	7,412M	6,402M	14,806M	15,143M	17,105M	16,433M	12,866M	11,242M	11,121M	8,630M	7,957M	7,009M	6,345M	5,385M	4,535M	3,883M	3,338M	2,661M	2,260M	4,395M	5,761M	5,838M	5,001M	4,304M	3,664M	3,044M	2,581M	2,320M	1,614M	1,160M	938M	732M
Cash & Cash Equivalents	2,725M	3,683M	3,067M	2,623M	2,157M	1,983M	1,672M	1,659M	3,760M	2,757M	2,343M	7,895M	2,133M	1,778M	3,595M	2,538M	2,216M	1,723M	1,929M	2,494M	1,987M	545M	1,421M	519M	445M	600M	793M	506M	1,103M	2,188M	2,477M	167M	168M	62M	172M	146M	53M
Return on Cash & Cash Equivalents	638.54%	555.99%	480.23%	429.30%	487.31%	518.42%	654.46%	892.47%	402.74%	620.42%	701.37%	162.96%	527.05%	625.48%	240.06%	313.51%	316.29%	368.25%	279.16%	181.84%	195.42%	612.48%	187.26%	435.45%	987.64%	960.17%	736.19%	988.34%	390.21%	167.46%	122.89%	1,545.51%	1,380.95%	2,603.23%	674.42%	642.26%	1,372.42%
Short-Term Investments	0M	0M	0M	0M	2M	144M	120M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	6M	12M	14M	14M	1,659M	1,749M	65M	69M	10M	2M	0M	0M	0M	0M
Return on Short-Term Investments	0.00%	0.00%	0.00%	0.00%	7,857.08%	7,741.91%	10,318.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	37,666.67%	36,625.00%	41,150.00%	41,700.00%	301.45%	246.08%	5,636.92%	4,411.59%	25,810.00%	116,000.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	2,725M	3,683M	3,067M	2,623M	2,159M	2,127M	1,792M	1,659M	3,760M	2,757M	2,343M	7,895M	2,133M	1,778M	3,595M	2,538M	2,216M	1,723M	1,929M	2,494M	1,987M	545M	1,421M	525M	457M	614M	807M	2,165M	2,852M	2,253M	2,546M	177M	170M	62M	172M	146M	53M
Return on Cash & Short-Term Investments	638.54%	555.99%	480.23%	429.30%	484.03%	472.12%	615.33%	892.47%	402.74%	620.42%	701.37%	162.96%	527.05%	625.48%	240.06%	313.51%	316.29%	368.25%	279.16%	181.84%	195.42%	612.48%	187.26%	430.48%	961.71%	938.27%	723.42%	230.99%	150.91%	162.63%	119.56%	1,458.19%	1,364.71%	2,603.23%	674.42%	642.26%	1,372.42%
Net Receivables	3,849M	3,593M	2,788M	2,299M	2,165M	1,949M	1,702M	4,903M	3,328M	3,317M	3,426M	2,992M	2,106M	1,936M	1,952M	2,029M	1,890M	1,484M	1,398M	1,395M	1,245M	1,085M	964M	972M	1,259M	3,223M	2,396M	1,499M	1,097M	1,072M	920M	835M	587M	469M	556M	388M	325M
Return on Net Receivables	424.22%	436.47%	449.57%	416.87%	376.66%	369.63%	355.17%	301.98%	455.02%	515.68%	479.66%	430.01%	533.81%	574.43%	442.11%	392.16%	370.85%	427.56%	385.19%	325.09%	311.89%	307.65%	276.04%	232.51%	349.09%	178.75%	243.66%	333.62%	392.34%	341.79%	330.87%	309.10%	395.23%	344.14%	208.63%	241.43%	224.80%
Inventory	23,104M	21,602M	17,357M	15,158M	14,209M	12,998M	11,441M	23,451M	20,976M	24,886M	22,068M	16,627M	14,531M	13,925M	12,748M	12,549M	11,809M	11,079M	11,057M	10,710M	10,325M	10,625M	10,188M	10,673M	11,731M	12,822M	11,401M	10,076M	9,076M	8,338M	6,725M	6,556M	5,489M	4,293M	3,602M	2,708M	2,180M
Return on Inventory	68.02%	71.18%	70.36%	61.40%	55.09%	53.10%	50.26%	63.14%	72.19%	68.73%	74.47%	77.38%	77.37%	79.86%	67.70%	63.41%	59.35%	57.27%	48.70%	42.34%	37.61%	31.42%	26.12%	21.17%	37.46%	44.93%	51.21%	49.63%	47.42%	43.94%	45.26%	39.37%	42.27%	37.60%	32.20%	34.62%	33.55%
Other Current Assets	1,631M	1,415M	1,082M	1,046M	1,072M	913M	793M	1,670M	1,711M	1,511M	1,218M	963M	1,040M	890M	638M	608M	569M	1,016M	895M	773M	963M	1,224M	1,327M	1,192M	1,227M	1,341M	665M	450M	303M	254M	170M	209M	144M	109M	130M	467M	113M
Return on Other Current Assets	967.89%	1,117.77%	1,181.26%	953.42%	817.86%	934.28%	939.65%	886.59%	885.04%	1,132.03%	1,349.18%	1,336.03%	1,080.96%	1,249.55%	1,352.66%	1,308.72%	1,231.81%	624.51%	601.68%	586.68%	403.22%	272.71%	200.53%	189.60%	358.19%	429.60%	877.89%	1,111.33%	1,420.46%	1,442.52%	1,790.59%	1,234.93%	1,611.11%	1,480.73%	892.31%	200.92%	647.35%
Total Current Assets	31,310M	30,292M	24,294M	21,126M	19,605M	17,987M	15,728M	31,683M	29,775M	32,471M	29,055M	28,477M	19,810M	18,529M	18,933M	17,724M	16,484M	15,302M	15,279M	15,372M	14,520M	13,479M	13,900M	13,362M	14,674M	18,000M	15,269M	14,190M	13,328M	11,917M	10,361M	7,777M	6,390M	4,933M	4,460M	3,709M	2,672M
Return on Total Current Assets	50.09%	50.40%	50.18%	43.97%	39.79%	38.26%	36.81%	46.73%	50.86%	52.68%	56.56%	45.18%	56.75%	60.02%	45.58%	44.89%	42.52%	41.47%	35.24%	29.50%	26.74%	24.76%	19.14%	16.91%	29.95%	32.01%	38.23%	35.24%	32.29%	30.75%	29.38%	33.19%	36.31%	32.72%	26.01%	25.28%	27.38%
Property, Plant & Equipment	33,968M	32,748M	28,066M	26,687M	26,553M	24,779M	21,809M	35,294M	34,038M	32,572M	31,167M	30,667M	28,365M	22,375M	22,075M	21,914M	22,191M	22,720M	23,348M	24,069M	24,448M	25,060M	25,550M	26,234M	27,476M	26,605M	24,901M	22,726M	20,063M	17,168M	15,375M	13,068M	10,227M	8,160M	6,509M	5,437M	4,461M
Return on Property, Plant & Equipment	46.32%	46.73%	43.00%	35.27%	30.46%	28.54%	26.91%	41.95%	44.49%	52.51%	52.73%	41.95%	39.63%	49.70%	39.09%	36.31%	31.58%	27.93%	23.06%	18.84%	15.88%	13.32%	10.41%	8.61%	16.00%	21.65%	23.44%	22.01%	21.45%	21.34%	19.80%	19.75%	22.69%	19.78%	17.82%	17.25%	16.40%
Goodwill	11,791M	9,990M	6,093M	4,470M	4,008M	3,348M	2,790M	19,475M	8,455M	7,444M	7,449M	7,126M	2,254M	2,252M	2,275M	2,093M	2,102M	1,353M	1,289M	1,170M	1,120M	1,187M	1,171M	1,134M	1,209M	6,314M	3,286M	1,394M	833M	575M	419M	314M	0M	0M	0M	0M	0M
Return on Goodwill	161.64%	177.21%	297.16%	324.92%	296.64%	359.76%	299.80%	76.03%	179.10%	229.78%	220.61%	180.55%	498.76%	493.83%	379.34%	380.17%	333.44%	468.96%	417.77%	387.61%	346.70%	281.21%	227.24%	199.29%	363.52%	91.24%	177.66%	358.75%	516.69%	637.22%	726.49%	821.97%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	4,196M	2,518M	1,259M	839M	649M	520M	463M	8,983M	3,606M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	398M	18M	0M	0M	0M	0M	311M	268M	140M	87M	87M
Return on Intangible Assets	194.92%	116.95%	58.48%	38.98%	102.58%	1,193.40%	1,131.15%	164.82%	419.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,466.83%	27,783.33%	0.00%	0.00%	0.00%	0.00%	745.98%	602.24%	828.57%	1,084.05%	838.88%
Long-Term Investments	0M	46M	23M	15M	12M	9M	8M	0M	0M	0M	58M	172M	0M	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 Long-Term Investments	0.00%	7,162.60%	3,581.30%	2,387.53%	1,790.65%	1,432.52%	1,193.77%	0.00%	0.00%	0.00%	28,332.76%	7,480.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	0M	130M	79M	53M	39M	33M	27M	0M	0M	0M	344M	305M	139M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	30M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	0.00%	1,799.08%	1,708.32%	1,138.88%	854.16%	1,350.13%	1,125.11%	0.00%	0.00%	0.00%	4,777.03%	4,218.36%	8,087.77%	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%	0.00%	16,670.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	1,766M	2,587M	1,813M	1,373M	1,208M	1,029M	878M	684M	656M	3,958M	3,803M	3,834M	668M	847M	1,246M	1,235M	1,196M	571M	602M	473M	430M	399M	256M	434M	965M	1,344M	551M	549M	213M	351M	239M	226M	153M	104M	120M	109M	134M
Return on Other Non-Current Assets	1,635.06%	1,134.57%	1,059.17%	1,019.72%	939.98%	1,007.63%	1,021.14%	2,164.62%	2,308.38%	432.16%	432.11%	335.58%	1,682.93%	1,312.99%	692.62%	644.29%	586.04%	1,111.21%	894.52%	958.77%	903.02%	836.59%	1,039.45%	520.74%	455.44%	428.65%	1,059.53%	910.93%	2,020.66%	1,043.87%	1,273.64%	1,142.04%	1,516.34%	1,551.92%	966.67%	861.86%	546.71%
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	51,722M	48,018M	37,332M	33,437M	32,469M	29,718M	25,975M	64,436M	46,755M	43,974M	42,821M	42,104M	31,426M	25,474M	25,596M	25,242M	25,489M	24,644M	25,239M	25,712M	25,998M	26,646M	26,977M	27,802M	29,650M	34,263M	29,136M	24,717M	21,109M	18,094M	16,033M	13,608M	10,691M	8,532M	6,769M	5,632M	4,682M
Return on Total Non-Current Assets	31.42%	32.64%	33.54%	28.50%	24.86%	23.84%	22.87%	22.98%	32.39%	38.90%	38.38%	30.56%	35.77%	43.66%	33.72%	31.52%	27.50%	25.75%	21.34%	17.64%	14.94%	12.53%	9.86%	8.13%	14.82%	16.81%	20.04%	20.23%	20.39%	20.25%	18.99%	18.97%	21.70%	18.92%	17.14%	16.65%	15.62%
Total Assets	83,031M	78,310M	61,626M	54,563M	52,074M	47,705M	41,703M	96,119M	76,530M	76,445M	71,876M	70,581M	51,236M	44,003M	44,529M	42,966M	41,973M	39,946M	40,518M	41,084M	40,518M	40,125M	40,877M	41,164M	44,324M	52,263M	44,405M	38,907M	34,437M	30,011M	26,394M	21,385M	17,081M	13,465M	11,229M	9,342M	7,354M
Return on Total Assets	19.19%	19.73%	20.05%	17.24%	15.23%	14.63%	14.06%	15.40%	19.79%	22.38%	22.86%	18.23%	21.94%	25.27%	19.38%	18.52%	16.70%	15.88%	13.29%	11.04%	9.58%	8.32%	6.51%	5.49%	9.92%	11.02%	13.15%	12.85%	12.50%	12.21%	11.53%	12.07%	13.58%	11.99%	10.33%	10.04%	9.95%
Accounts Payable	11,139M	11,697M	9,484M	8,093M	7,510M	6,844M	5,931M	11,938M	10,037M	11,443M	13,462M	11,606M	7,787M	7,755M	7,244M	7,000M	6,565M	5,807M	5,797M	5,376M	4,856M	4,717M	4,863M	4,822M	5,732M	7,356M	6,032M	5,766M	5,159M	4,560M	3,436M	1,976M	1,993M	1,586M	1,358M	1,090M	825M
Return on Accounts Payable	141.46%	131.46%	128.46%	114.79%	103.76%	101.80%	100.78%	124.02%	150.87%	149.48%	122.07%	110.86%	144.37%	143.40%	119.13%	113.67%	106.76%	109.26%	92.89%	84.36%	79.96%	70.77%	54.72%	46.87%	76.67%	78.32%	96.78%	86.73%	83.43%	80.35%	88.59%	130.62%	116.41%	101.77%	85.42%	86.05%	88.69%
Short-Term Debt	3,589M	3,464M	2,780M	2,037M	1,841M	1,494M	1,247M	6,172M	2,418M	2,176M	4,312M	2,244M	3,641M	2,395M	2,761M	1,252M	427M	328M	33M	1,321M	30M	1,042M	1,020M	1,767M	2,047M	18M	1,413M	11M	509M	0M	5M	4M	29M	14M	8M	3M	2M
Return on Short-Term Debt	550.74%	521.34%	596.93%	2,521.93%	3,542.56%	9,702.62%	11,530.21%	239.89%	626.26%	786.08%	381.10%	573.35%	308.76%	464.34%	312.57%	635.54%	1,641.45%	1,934.45%	16,318.18%	343.30%	12,943.33%	320.35%	260.88%	127.90%	214.70%	32,005.56%	413.16%	45,463.64%	845.58%	0.00%	60,880.00%	64,525.00%	8,000.00%	11,528.57%	14,500.00%	37,508.00%	31,804.35%
Tax Payables	838M	898M	743M	640M	560M	448M	373M	1,460M	477M	578M	1,006M	967M	660M	667M	574M	533M	510M	469M	408M	494M	414M	381M	470M	626M	505M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	2,382.70%	2,022.42%	1,785.34%	1,550.55%	1,252.78%	1,002.23%	835.19%	1,014.11%	3,174.63%	2,959.34%	1,633.50%	1,330.51%	1,703.33%	1,667.32%	1,503.48%	1,492.87%	1,374.31%	1,352.88%	1,319.85%	918.02%	937.92%	876.12%	566.17%	361.02%	870.30%	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	2,812M	2,971M	2,379M	2,013M	1,869M	1,682M	1,402M	2,610M	2,762M	3,064M	3,596M	2,823M	2,116M	1,782M	1,805M	1,669M	1,566M	1,468M	1,337M	1,270M	1,147M	1,177M	1,158M	1,165M	1,474M	1,634M	1,757M	1,546M	1,281M	998M	851M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	557.93%	517.31%	514.43%	463.90%	418.27%	389.99%	324.99%	567.28%	548.26%	558.26%	456.98%	455.76%	531.29%	624.07%	478.12%	476.75%	447.57%	432.22%	402.77%	357.09%	338.54%	283.60%	229.79%	193.99%	298.17%	352.57%	332.27%	323.48%	335.99%	367.13%	357.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	6,217M	6,099M	4,973M	4,322M	4,042M	3,749M	3,302M	6,481M	6,321M	5,849M	6,317M	5,526M	4,171M	4,117M	3,810M	3,679M	3,456M	3,197M	3,174M	3,001M	2,929M	2,805M	2,852M	2,773M	2,948M	3,923M	3,504M	3,206M	2,605M	2,477M	2,209M	2,405M	1,634M	1,257M	1,090M	750M	589M
Return on Other Current Liabilities	253.49%	250.69%	243.87%	213.97%	192.34%	182.44%	172.90%	228.45%	239.57%	292.44%	260.14%	232.83%	269.53%	270.12%	226.51%	216.28%	202.81%	198.47%	169.66%	151.12%	132.57%	119.00%	93.30%	81.50%	149.08%	146.85%	166.61%	155.99%	165.22%	147.92%	137.80%	107.32%	141.98%	128.40%	106.42%	125.04%	124.11%
Total Current Liabilities	24,595M	25,129M	20,359M	17,104M	15,821M	14,217M	12,255M	28,661M	22,015M	23,110M	28,693M	23,166M	18,375M	16,716M	16,194M	14,133M	12,524M	11,269M	10,749M	11,462M	9,376M	10,122M	10,363M	11,153M	12,706M	12,931M	12,706M	10,529M	9,554M	8,035M	6,501M	4,385M	3,656M	2,857M	2,456M	1,842M	1,417M
Return on Total Current Liabilities	64.82%	61.45%	60.05%	54.73%	49.60%	49.43%	50.18%	51.66%	68.78%	74.02%	57.27%	55.54%	61.18%	66.53%	53.29%	56.30%	55.96%	56.30%	50.10%	39.57%	41.41%	32.98%	25.68%	20.26%	34.59%	44.55%	45.95%	47.50%	45.05%	45.60%	46.82%	58.86%	63.46%	56.49%	47.23%	50.90%	51.64%
Long-Term Debt	51,377M	47,453M	36,521M	28,381M	23,487M	19,074M	16,082M	56,118M	49,825M	48,188M	41,957M	41,178M	33,736M	26,807M	24,267M	22,349M	20,789M	16,869M	14,691M	9,475M	10,758M	8,707M	8,662M	9,667M	11,383M	11,643M	2,672M	2,148M	856M	1,321M	1,250M	1,545M	750M	1,566M	1,303M	1,247M	720M
Return on Long-Term Debt	30.76%	32.54%	34.24%	35.93%	44.98%	92.93%	100.05%	26.38%	30.39%	35.50%	39.17%	31.24%	33.32%	41.49%	35.56%	35.60%	33.71%	37.61%	36.66%	47.86%	36.09%	38.34%	30.72%	23.38%	38.61%	49.48%	218.49%	232.82%	502.80%	277.37%	243.52%	167.06%	309.33%	103.07%	89.03%	75.22%	101.58%
Capital Lease Obligations	8,070M	7,315M	4,247M	2,831M	2,124M	1,699M	1,416M	8,907M	8,132M	7,171M	6,183M	6,184M	5,894M	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	196.99%	212.96%	125.55%	83.70%	62.78%	50.22%	41.85%	166.23%	186.21%	238.53%	265.78%	208.05%	190.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	1,281M	1,177M	820M	686M	667M	654M	557M	1,962M	863M	1,019M	909M	1,131M	706M	491M	440M	296M	379M	642M	514M	319M	340M	272M	319M	369M	0M	1,416M	946M	1,309M	967M	362M	189M	195M	87M	85M	78M	66M	37M
Return on Deferred Tax Liabilities	1,395.98%	1,426.67%	1,748.95%	1,554.43%	1,289.35%	1,222.42%	1,333.34%	754.64%	1,754.69%	1,678.61%	1,807.81%	1,137.58%	1,592.35%	2,264.97%	1,961.36%	2,688.18%	1,849.34%	988.32%	1,047.67%	1,421.63%	1,142.06%	1,227.21%	834.17%	612.47%	0.00%	406.85%	617.12%	382.05%	445.09%	1,012.15%	1,610.58%	1,323.59%	2,666.67%	1,898.82%	1,487.18%	1,420.76%	1,966.40%
Other Non-Current Liabilities	2,696M	2,381M	2,130M	2,101M	2,040M	1,733M	1,473M	2,738M	2,783M	2,566M	2,013M	1,807M	1,535M	1,867M	2,174M	1,855M	1,965M	1,844M	2,042M	2,051M	2,146M	2,135M	2,140M	2,198M	2,521M	1,243M	1,172M	763M	653M	491M	372M	245M	237M	208M	178M	134M	116M
Return on Other Non-Current Liabilities	583.83%	655.97%	579.05%	463.78%	415.99%	490.09%	533.01%	540.76%	544.13%	666.60%	816.34%	712.01%	732.38%	595.66%	396.96%	428.95%	356.69%	344.09%	263.71%	221.11%	180.94%	156.35%	124.35%	102.82%	174.34%	463.48%	498.12%	655.44%	659.11%	746.23%	818.28%	1,053.47%	978.90%	775.96%	651.69%	699.78%	631.69%
Total Non-Current Liabilities	55,354M	51,011M	39,471M	31,168M	26,193M	21,461M	18,112M	60,818M	53,471M	51,773M	44,879M	44,116M	35,977M	29,165M	26,881M	24,500M	23,133M	19,355M	17,247M	11,845M	13,244M	11,114M	11,121M	12,234M	13,904M	14,302M	4,790M	4,220M	2,476M	2,174M	1,811M	1,985M	1,074M	1,859M	1,559M	1,447M	873M
Return on Total Non-Current Liabilities	28.57%	30.30%	31.57%	31.83%	35.68%	58.90%	66.61%	24.34%	28.32%	33.04%	36.62%	29.16%	31.25%	38.13%	32.10%	32.48%	30.30%	32.78%	31.22%	38.29%	29.32%	30.03%	23.93%	18.47%	31.61%	40.28%	121.88%	118.51%	173.83%	168.54%	168.08%	130.03%	216.01%	86.82%	74.41%	64.82%	83.78%
Total Liabilities	79,949M	76,140M	59,830M	48,272M	42,015M	35,679M	30,367M	89,479M	75,486M	74,883M	73,572M	67,282M	54,352M	45,881M	43,075M	38,633M	35,657M	30,624M	27,996M	23,307M	22,620M	21,236M	21,484M	23,387M	26,610M	27,233M	17,496M	14,749M	12,030M	10,209M	8,312M	6,370M	4,730M	4,716M	4,015M	3,289M	2,290M
Return on Total Liabilities	19.82%	20.18%	20.61%	19.89%	19.58%	22.97%	24.89%	16.55%	20.06%	22.84%	22.34%	19.12%	20.68%	24.24%	20.03%	20.60%	19.66%	20.72%	19.23%	19.46%	17.17%	15.72%	12.39%	9.66%	16.52%	21.15%	33.37%	33.91%	35.78%	35.89%	36.62%	40.52%	49.05%	34.22%	28.89%	28.51%	31.95%
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	90M	90M	89M	89M	91M	97M	84M	90M	90M	90M	90M	89M	89M	89M	89M	88M	88M	88M	88M	88M	87M	86M	86M	85M	85M	121M	120M	119M	119M	118M	117M	116M	115M	0M	0M	0M	0M
Return on Common Stock	17,427.41%	16,999.46%	13,682.77%	10,910.35%	9,210.25%	7,998.25%	6,732.45%	16,451.11%	16,825.56%	19,005.56%	18,258.89%	14,456.18%	12,631.46%	12,495.51%	9,696.63%	9,042.05%	7,964.77%	7,210.23%	6,119.32%	5,153.41%	4,463.22%	3,881.40%	3,094.19%	2,658.82%	5,170.59%	4,761.16%	4,865.00%	4,202.52%	3,616.81%	3,105.08%	2,601.71%	2,225.00%	2,017.39%	0.00%	0.00%	0.00%	0.00%
Retained Earnings	83,362M	75,160M	58,038M	45,522M	39,077M	34,564M	29,611M	89,533M	83,656M	76,896M	67,580M	58,134M	51,729M	46,423M	39,935M	35,519M	30,973M	26,995M	23,180M	20,038M	17,246M	14,995M	13,226M	12,093M	11,388M	33,052M	28,943M	23,962M	19,680M	15,971M	12,799M	10,151M	7,941M	5,876M	4,430M	3,407M	2,579M
Return on Retained Earnings	18.96%	20.67%	21.57%	21.99%	22.24%	22.39%	23.28%	16.54%	18.10%	22.24%	24.32%	22.13%	21.73%	23.96%	21.61%	22.40%	22.63%	23.50%	23.23%	22.63%	22.52%	22.26%	20.12%	18.69%	38.59%	17.43%	20.17%	20.87%	21.87%	22.94%	23.78%	25.43%	29.22%	27.47%	26.19%	27.53%	28.36%
Accumulated OCI	-775M	-740M	-754M	-454M	-253M	-215M	-181M	-1,129M	-477M	-718M	-704M	-671M	-739M	-772M	-566M	-867M	-898M	-452M	46M	397M	293M	445M	362M	-77M	755M	310M	409M	119M	14M	-145M	-246M	-73M	-34M	0M	0M	0M	0M
Return on Accumulated OCI	-2,289.46%	-2,224.01%	-1,730.48%	-252.29%	-105.82%	1,021.16%	623.52%	-1,311.43%	-3,174.63%	-2,382.31%	-2,334.23%	-1,917.44%	-1,521.24%	-1,440.54%	-1,524.73%	-917.76%	-780.51%	-1,403.76%	11,706.52%	1,142.32%	1,325.26%	750.11%	735.08%	-2,935.06%	582.12%	1,858.39%	1,427.38%	4,202.52%	30,742.86%	-2,526.90%	-1,237.40%	-3,535.62%	-6,823.53%	0.00%	0.00%	0.00%	0.00%
Minority Interest	0M	0M	0M	0M	0M	0M	11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	11M	10M	9M	116M	98M	77M
Return on Minority Interest	0.00%	0.00%	0.00%	0.00%	0.00%	938.55%	2,250.36%	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%	23,463.64%	23,200.00%	17,933.33%	1,000.00%	958.79%	954.96%
Total Shareholders’ Equity	3,082M	2,170M	1,796M	6,291M	10,059M	12,026M	11,325M	6,640M	1,044M	1,562M	-1,696M	3,299M	-3,116M	-1,878M	1,454M	4,333M	6,316M	9,322M	12,522M	17,777M	17,898M	18,889M	19,393M	17,777M	17,714M	25,030M	26,909M	24,158M	22,407M	19,802M	18,082M	15,004M	12,341M	8,740M	7,098M	5,955M	4,988M
Return on Total Shareholders’ Equity	922.84%	437.92%	212.48%	153.38%	119.83%	99.57%	85.77%	222.98%	1,450.48%	1,095.07%	-968.93%	390.00%	-360.78%	-592.17%	593.54%	183.64%	110.97%	68.06%	43.00%	25.51%	21.70%	17.67%	13.72%	12.71%	24.81%	23.02%	21.70%	20.70%	19.21%	18.50%	16.83%	17.20%	18.80%	18.47%	16.34%	15.75%	14.67%
Total Equity	3,082M	2,170M	1,796M	6,291M	10,059M	12,026M	11,336M	6,640M	1,044M	1,562M	-1,696M	3,299M	-3,116M	-1,878M	1,454M	4,333M	6,316M	9,322M	12,522M	17,777M	17,898M	18,889M	19,393M	17,777M	17,714M	25,030M	26,909M	24,158M	22,407M	19,802M	18,082M	15,015M	12,351M	8,749M	7,214M	6,053M	5,064M
Return on Total Equity	922.84%	437.92%	212.48%	153.38%	119.83%	99.57%	85.75%	222.98%	1,450.48%	1,095.07%	-968.93%	390.00%	-360.78%	-592.17%	593.54%	183.64%	110.97%	68.06%	43.00%	25.51%	21.70%	17.67%	13.72%	12.71%	24.81%	23.02%	21.70%	20.70%	19.21%	18.50%	16.83%	17.19%	18.78%	18.45%	16.08%	15.49%	14.44%
Total Liabilities & Equity	83,031M	78,310M	61,626M	54,563M	52,074M	47,705M	41,703M	96,119M	76,530M	76,445M	71,876M	70,581M	51,236M	44,003M	44,529M	42,966M	41,973M	39,946M	40,518M	41,084M	40,518M	40,125M	40,877M	41,164M	44,324M	52,263M	44,405M	38,907M	34,437M	30,011M	26,394M	21,385M	17,081M	13,465M	11,229M	9,342M	7,354M
Return on Total Liabilities & Equity	19.19%	19.73%	20.05%	17.24%	15.23%	14.63%	14.06%	15.40%	19.79%	22.38%	22.86%	18.23%	21.94%	25.27%	19.38%	18.52%	16.70%	15.88%	13.29%	11.04%	9.58%	8.32%	6.51%	5.49%	9.92%	11.02%	13.15%	12.85%	12.50%	12.21%	11.53%	12.07%	13.58%	11.99%	10.33%	10.04%	9.95%
Total Investments	0M	46M	23M	15M	14M	153M	128M	0M	0M	0M	58M	172M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	6M	12M	14M	14M	1,659M	1,749M	65M	69M	10M	2M	0M	0M	0M	0M
Return on Total Investments	0.00%	7,162.60%	3,581.30%	2,387.53%	9,647.73%	9,174.43%	11,512.02%	0.00%	0.00%	0.00%	28,332.76%	7,480.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	37,666.67%	36,625.00%	41,150.00%	41,700.00%	301.45%	246.08%	5,636.92%	4,411.59%	25,810.00%	116,000.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	52,240M	47,235M	36,234M	27,794M	23,171M	18,585M	15,656M	60,631M	48,483M	47,607M	43,926M	35,527M	35,244M	27,424M	23,433M	21,063M	19,000M	15,474M	12,795M	8,302M	8,801M	9,204M	8,261M	10,915M	12,985M	11,061M	3,292M	1,653M	262M	-867M	-1,222M	1,382M	611M	1,518M	1,139M	1,103M	669M
Return on Net Debt	30.53%	33.04%	34.92%	37.82%	44.17%	93.75%	104.20%	24.42%	31.23%	35.93%	37.41%	36.21%	31.90%	40.55%	36.83%	37.78%	36.89%	41.00%	42.09%	54.63%	44.12%	36.27%	32.21%	20.71%	33.85%	52.08%	177.34%	302.54%	1,642.75%	-422.61%	-249.10%	186.76%	379.71%	106.32%	101.84%	85.01%	109.33%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Net Income	15,685M	15,271M	12,231M	9,720M	8,336M	7,412M	6,402M	14,806M	15,143M	17,105M	16,433M	12,866M	11,242M	11,121M	8,630M	7,957M	7,009M	6,345M	5,385M	4,535M	3,883M	3,338M	2,661M	2,260M	4,395M	5,761M	5,838M	5,001M	4,304M	3,664M	3,044M	2,581M	2,320M	1,614M	1,160M	938M	732M
Working Capital	6,714M	5,163M	3,935M	4,022M	3,784M	3,770M	3,473M	3,022M	7,760M	9,361M	362M	5,311M	1,435M	1,813M	2,739M	3,591M	3,960M	4,033M	4,530M	3,910M	5,144M	3,357M	3,537M	2,209M	1,968M	5,069M	2,563M	3,661M	3,774M	3,882M	3,860M	3,392M	2,734M	2,076M	2,004M	1,867M	1,256M
Return on Working Capital	289.27%	1,129.91%	776.00%	555.14%	453.47%	382.78%	329.95%	489.94%	195.14%	182.73%	4,539.50%	242.25%	783.41%	613.40%	315.08%	221.58%	176.99%	157.33%	118.87%	115.98%	75.49%	99.43%	75.23%	102.31%	223.32%	113.65%	227.78%	136.60%	114.04%	94.38%	78.86%	76.09%	84.86%	77.75%	57.88%	50.22%	58.26%
Total Capital	58,048M	53,087M	41,097M	36,709M	35,387M	32,594M	28,654M	68,930M	53,287M	51,926M	44,573M	46,721M	34,261M	27,324M	28,482M	27,934M	27,532M	26,519M	27,246M	28,573M	28,686M	28,638M	29,075M	29,211M	31,144M	36,691M	30,994M	26,317M	23,772M	21,123M	19,337M	16,553M	13,120M	10,320M	8,409M	7,204M	5,710M
Return on Total Capital	27.61%	29.45%	30.50%	25.98%	22.76%	21.64%	20.47%	21.48%	28.42%	32.94%	36.87%	27.54%	32.81%	40.70%	30.30%	28.49%	25.46%	23.93%	19.76%	15.87%	13.54%	11.66%	9.15%	7.74%	14.11%	15.70%	18.84%	19.00%	18.11%	17.35%	15.74%	15.59%	17.68%	15.64%	13.79%	13.02%	12.81%
Capital Employed	58,436M	53,181M	41,267M	37,459M	36,253M	33,488M	29,448M	67,458M	54,515M	53,335M	43,183M	47,415M	32,861M	27,287M	28,335M	28,833M	29,449M	28,677M	29,769M	29,622M	31,142M	30,003M	30,514M	30,011M	31,618M	39,332M	31,699M	28,378M	24,883M	21,976M	19,893M	17,000M	13,425M	10,608M	8,773M	7,500M	5,938M
Return on Capital Employed	27.27%	29.40%	30.38%	25.53%	22.31%	21.13%	19.96%	21.95%	27.78%	32.07%	38.05%	27.13%	34.21%	40.76%	30.46%	27.60%	23.80%	22.13%	18.09%	15.31%	12.47%	11.13%	8.72%	7.53%	13.90%	14.65%	18.42%	17.62%	17.30%	16.67%	15.30%	15.18%	17.28%	15.21%	13.22%	12.50%	12.32%
Invested Capital	55,322M	49,405M	38,030M	34,085M	33,231M	30,611M	26,981M	67,271M	49,527M	49,169M	42,230M	38,826M	32,128M	25,546M	24,887M	25,396M	25,316M	24,796M	25,317M	26,079M	26,699M	28,093M	27,654M	28,692M	30,699M	36,091M	30,201M	25,811M	22,669M	18,935M	16,860M	16,386M	12,952M	10,258M	8,237M	7,058M	5,657M
Return on Invested Capital	29.12%	31.88%	33.16%	28.15%	24.47%	23.24%	21.83%	22.01%	30.58%	34.79%	38.91%	33.14%	34.99%	43.53%	34.68%	31.33%	27.69%	25.59%	21.27%	17.39%	14.54%	11.88%	9.62%	7.88%	14.32%	15.96%	19.33%	19.38%	18.99%	19.35%	18.05%	15.75%	17.91%	15.73%	14.08%	13.29%	12.93%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Net Income	15,685M	15,271M	12,231M	9,720M	8,336M	7,412M	6,402M	14,582M	14,610M	14,806M	15,143M	17,105M	16,433M	12,866M	11,242M	11,121M	8,630M	7,957M	7,009M	6,345M	5,385M	4,535M	3,883M	3,338M	2,661M	2,260M	4,395M	5,761M	5,838M	5,001M	4,304M	3,664M	3,044M	2,581M	2,320M	1,614M	1,160M	938M	732M
Depreciation & Amortization	3,328M	3,073M	2,571M	2,289M	2,171M	1,923M	1,654M	4,051M	3,584M	3,761M	3,247M	2,975M	2,862M	2,519M	2,296M	2,152M	2,062M	1,973M	1,863M	1,786M	1,757M	1,684M	1,682M	1,718M	1,806M	1,902M	1,906M	1,886M	1,579M	1,319M	1,076M	903M	764M	601M	463M	373M	283M	232M	181M
Return on Depreciation & Amortization	478.33%	503.99%	472.44%	405.37%	362.63%	370.61%	380.55%	359.96%	407.65%	393.67%	466.37%	574.96%	574.18%	510.76%	489.63%	516.78%	418.53%	403.29%	376.22%	355.26%	306.49%	269.30%	230.86%	194.30%	147.34%	118.82%	230.59%	305.46%	369.73%	379.15%	400.00%	405.76%	398.43%	429.45%	501.08%	432.71%	409.89%	403.66%	403.70%
Deferred Income Tax	0M	-169M	-64M	-43M	-78M	-18M	-14M	479M	0M	0M	0M	0M	-276M	-569M	202M	26M	92M	-117M	0M	0M	0M	0M	0M	0M	0M	0M	-348M	46M	-609M	319M	605M	173M	0M	0M	0M	7M	-28M	29M	18M
Return on Deferred Income Tax	0.00%	-1,643.03%	4,270.29%	2,846.86%	2,650.26%	2,296.09%	2,787.13%	3,044.26%	0.00%	0.00%	0.00%	0.00%	-5,953.99%	-2,261.16%	5,565.35%	42,773.08%	9,380.43%	-6,800.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,262.93%	12,523.91%	-958.62%	1,567.71%	711.40%	2,117.92%	0.00%	0.00%	0.00%	23,057.14%	-4,142.86%	3,233.45%	4,063.89%
Stock-Based Compensation	396M	379M	321M	288M	260M	208M	173M	522M	408M	442M	380M	366M	399M	310M	251M	282M	273M	267M	244M	225M	228M	218M	215M	214M	201M	176M	207M	297M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	4,002.76%	4,055.43%	3,771.35%	3,222.77%	2,750.62%	2,200.49%	1,833.75%	2,793.49%	3,580.88%	3,349.77%	3,985.00%	4,673.50%	4,118.55%	4,150.32%	4,478.88%	3,943.62%	3,161.17%	2,980.15%	2,872.54%	2,820.00%	2,361.84%	2,080.28%	1,806.05%	1,559.81%	1,323.88%	1,284.09%	2,123.19%	1,939.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-1,107M	-723M	-381M	-181M	97M	168M	100M	-462M	1,261M	694M	2,088M	-6,102M	-3,319M	3,023M	-286M	-534M	646M	-418M	401M	209M	258M	441M	871M	-685M	5,419M	447M	-433M	-330M	-441M	-132M	560M	62M	2,155M	-386M	-337M	-131M	-386M	-124M	-218M
Return on Change in Working Capital	859.45%	501.77%	-232.43%	252.38%	12.79%	104.72%	-23.18%	-3,156.28%	1,158.60%	2,133.43%	725.24%	-280.32%	-495.12%	425.60%	-3,930.77%	-2,082.58%	1,335.91%	-1,903.59%	1,747.88%	3,035.89%	2,087.21%	1,028.34%	445.81%	-487.30%	49.11%	505.59%	-1,015.01%	-1,745.76%	-1,323.81%	-3,788.64%	768.57%	5,909.68%	141.25%	-668.65%	-688.43%	-1,232.06%	-300.52%	-756.21%	-336.01%
Accounts Receivable	140M	-96M	-80M	-87M	-68M	-80M	-76M	1,967M	4M	174M	134M	111M	-435M	-465M	-170M	33M	139M	-138M	-181M	-81M	-15M	-143M	-170M	-102M	-23M	121M	116M	96M	-358M	-266M	25M	-38M	-119M	-246M	-85M	85M	-166M	-58M	-70M
Return on Accounts Receivable	11,739.95%	5,735.05%	5,233.26%	-8.58%	-83.57%	16.61%	-125.91%	741.33%	365,250.00%	8,509.20%	11,300.75%	15,409.91%	-3,777.70%	-2,766.88%	-6,612.94%	33,700.00%	6,208.63%	-5,765.94%	-3,872.38%	-7,833.33%	-35,900.00%	-3,171.33%	-2,284.12%	-3,272.55%	-11,569.57%	1,867.77%	3,788.79%	6,001.04%	-1,630.73%	-1,880.08%	17,216.00%	-9,642.11%	-2,557.98%	-1,049.19%	-2,729.41%	1,898.82%	-698.80%	-1,616.72%	-1,046.49%
Inventory	188M	-1,299M	-973M	-717M	-571M	-632M	-649M	-1,606M	895M	-743M	4,137M	-2,830M	-5,403M	-1,657M	-593M	-1,244M	-84M	-769M	-546M	-124M	-455M	-350M	256M	-355M	625M	743M	-491M	-563M	-971M	-849M	-693M	-1,592M	-166M	-1,075M	-1,142M	-698M	-885M	-525M	-429M
Return on Inventory	-743.70%	-662.34%	-1,869.37%	-1,714.22%	-1,375.15%	-1,240.69%	-1,064.39%	-907.97%	1,632.40%	-1,992.73%	366.04%	-604.42%	-304.15%	-776.46%	-1,895.78%	-893.97%	-10,273.81%	-1,034.72%	-1,283.70%	-5,116.94%	-1,183.52%	-1,295.71%	1,516.80%	-940.28%	425.76%	304.17%	-895.11%	-1,023.27%	-601.24%	-589.05%	-621.07%	-230.15%	-1,833.73%	-240.09%	-203.15%	-231.23%	-131.07%	-178.61%	-170.39%
Accounts Payable	-1,157M	810M	664M	565M	368M	294M	245M	-596M	365M	518M	-1,411M	-2,577M	2,401M	5,118M	32M	870M	352M	446M	888M	244M	605M	698M	422M	-133M	0M	-646M	-465M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	373.78%	411.43%	4,349.18%	3,069.49%	2,237.37%	1,789.89%	1,491.58%	-2,446.64%	4,002.74%	2,858.30%	-1,073.21%	-663.76%	684.42%	251.39%	35,131.25%	1,278.28%	2,451.70%	1,784.08%	789.30%	2,600.41%	890.08%	649.71%	920.14%	-2,509.77%	0.00%	-349.85%	-945.16%	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 Working Capital	-278M	-138M	9M	59M	368M	586M	581M	-227M	-3M	745M	-772M	-806M	118M	27M	445M	-193M	239M	43M	240M	170M	123M	236M	363M	-95M	4,817M	229M	407M	137M	888M	983M	1,228M	1,692M	2,440M	935M	890M	482M	665M	459M	282M
Return on Other Working Capital	-698.78%	11,896.35%	8,128.18%	5,924.66%	4,792.72%	3,893.24%	3,285.50%	-6,423.79%	-487,000.00%	1,987.38%	-1,961.53%	-2,122.21%	13,926.27%	47,651.85%	2,526.29%	-5,762.18%	3,610.88%	18,504.65%	2,920.42%	3,732.35%	4,378.05%	1,921.61%	1,069.70%	-3,513.68%	55.24%	986.90%	1,079.85%	4,205.11%	657.43%	508.75%	350.49%	216.55%	124.75%	276.04%	260.67%	334.85%	174.44%	204.29%	259.86%
Other Non-Cash Items	231M	371M	226M	136M	-97M	-72M	-58M	-1,523M	9M	107M	314M	271M	472M	690M	-18M	118M	328M	121M	-144M	-323M	0M	97M	0M	0M	-4,962M	743M	0M	0M	253M	125M	0M	0M	0M	0M	0M	54M	0M	25M	0M
Return on Other Non-Cash Items	8,323.93%	6,063.60%	-1,837.32%	-1,044.16%	-655.21%	-364.14%	-78.79%	-957.45%	162,333.33%	13,837.38%	4,822.61%	6,311.81%	3,481.57%	1,864.64%	-62,455.56%	9,424.58%	2,631.10%	6,576.03%	-4,867.36%	-1,964.40%	0.00%	4,675.26%	0.00%	0.00%	-53.63%	304.17%	0.00%	0.00%	2,307.51%	4,000.80%	0.00%	0.00%	0.00%	0.00%	0.00%	2,988.89%	0.00%	3,750.80%	0.00%
Net Cash from Operating Activities	18,532M	18,201M	14,905M	12,208M	10,689M	9,621M	8,258M	17,649M	19,872M	19,810M	21,172M	14,615M	16,571M	18,839M	13,687M	13,165M	12,031M	9,783M	9,373M	8,242M	7,628M	6,975M	6,651M	4,585M	5,125M	5,528M	5,727M	7,660M	6,620M	6,632M	6,545M	4,802M	5,963M	2,796M	2,446M	1,917M	1,029M	1,100M	713M
Return on Net Cash from Operating Activities	87.77%	86.15%	82.52%	77.93%	75.10%	74.51%	78.08%	82.62%	73.52%	74.74%	71.52%	117.04%	99.17%	68.29%	82.14%	84.47%	71.73%	81.33%	74.78%	76.98%	70.60%	65.02%	58.38%	72.80%	51.92%	40.88%	76.74%	75.21%	88.19%	75.41%	65.76%	76.30%	51.05%	92.31%	94.85%	84.19%	112.73%	85.25%	102.59%
Capital Expenditures (PPE)	-3,277M	-2,972M	-2,500M	-2,097M	-2,263M	-2,520M	-2,395M	-3,722M	-3,242M	-3,485M	-3,226M	-3,119M	-2,566M	-2,463M	-2,678M	-2,442M	-1,897M	-1,621M	-1,503M	-1,442M	-1,389M	-1,312M	-1,221M	-1,096M	-966M	-1,847M	-3,558M	-3,542M	-3,881M	-3,948M	-4,106M	-2,749M	-3,393M	-3,558M	-2,581M	-2,320M	-1,481M	-1,194M	-1,278M
Return on Capital Expenditures (PPE)	-480.89%	-521.09%	-489.28%	-445.91%	-376.16%	-322.01%	-280.79%	-391.78%	-450.65%	-424.85%	-469.40%	-548.41%	-640.41%	-522.37%	-419.79%	-455.41%	-454.93%	-490.87%	-466.33%	-440.01%	-387.69%	-345.66%	-318.02%	-304.56%	-275.47%	-122.36%	-123.52%	-162.65%	-150.43%	-126.67%	-104.82%	-133.28%	-89.71%	-72.54%	-89.89%	-69.57%	-78.33%	-78.51%	-57.23%
Acquisitions (Net)	-6,386M	-5,472M	-2,942M	-1,992M	-1,409M	-1,183M	-989M	-5,279M	-18,332M	-17,644M	-1,514M	0M	-421M	-7,780M	0M	-21M	-374M	0M	-1,666M	-200M	-206M	-170M	36M	84M	178M	0M	8,324M	-4,268M	-2,546M	-727M	-215M	-235M	-190M	-26M	-101M	0M	0M	0M	0M
Return on Acquisitions (Net)	-361.37%	-1,030.56%	-6,083.81%	-3,635.50%	-2,667.45%	-2,765.08%	-2,380.80%	-276.23%	-79.70%	-83.92%	-1,000.20%	0.00%	-3,903.33%	-165.37%	0.00%	-52,957.14%	-2,307.49%	0.00%	-420.71%	-3,172.50%	-2,614.08%	-2,667.65%	10,786.11%	3,973.81%	1,494.94%	0.00%	52.80%	-134.98%	-229.30%	-687.90%	-2,001.86%	-1,559.15%	-1,602.11%	-9,926.92%	-2,297.03%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0M	0M	0M	0M	-1,760M	-2,478M	-2,086M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-168M	-168M	-11,225M	-5,409M	-18,230M	-25,890M	-159M	-583M	-85M	-39M	-32M	-2M	-194M	-409M	0M
Return on Purchases of Investments	0.00%	0.00%	0.00%	0.00%	-155.34%	-666.43%	-3,514.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,583.93%	-1,345.24%	-39.15%	-106.51%	-32.02%	-19.32%	-2,706.92%	-628.47%	-3,581.18%	-6,617.95%	-7,250.00%	-80,700.00%	-597.94%	-229.27%	0.00%
Sales / Maturities of Investments	0M	0M	14M	33M	1,846M	2,547M	2,148M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	144M	323M	0M	0M	0M	33M	33M	139M	10,899M	5,434M	19,907M	25,990M	219M	506M	25M	30M	30M	4M	599M	68M	57M
Return on Sales / Maturities of Investments	0.00%	0.00%	486.74%	1,129.79%	1,340.61%	2,012.00%	3,374.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4,867.36%	1,964.40%	0.00%	0.00%	0.00%	10,115.15%	8,063.64%	1,625.90%	40.32%	106.02%	29.33%	19.24%	1,965.30%	724.11%	12,176.00%	8,603.33%	7,733.33%	40,350.00%	193.66%	1,381.00%	1,285.59%
Other Investing Activities	29M	36M	38M	39M	76M	90M	84M	117M	81M	98M	11M	-21M	18M	73M	25M	47M	43M	38M	43M	48M	88M	50M	56M	-33M	168M	147M	318M	138M	164M	96M	265M	127M	177M	63M	62M	47M	105M	28M	44M
Return on Other Investing Activities	23,773.14%	36,047.70%	30,617.75%	22,093.62%	17,182.11%	14,367.09%	12,415.80%	12,463.25%	18,037.04%	15,108.16%	137,663.64%	-81,452.38%	91,294.44%	17,624.66%	44,968.00%	23,661.70%	20,069.77%	20,939.47%	16,300.00%	13,218.75%	6,119.32%	9,070.00%	6,933.93%	-10,115.15%	1,583.93%	1,537.41%	1,382.08%	4,174.64%	3,559.76%	5,209.38%	1,624.15%	2,885.04%	1,719.77%	4,096.83%	3,741.94%	3,434.04%	1,104.76%	3,360.93%	1,654.98%
Net Cash from Investing Activities	-9,633M	-8,408M	-5,390M	-4,017M	-3,511M	-3,545M	-3,239M	-8,884M	-21,493M	-21,031M	-4,729M	-3,140M	-2,969M	-10,170M	-2,653M	-2,416M	-2,228M	-1,583M	-2,982M	-1,271M	-1,507M	-1,432M	-1,129M	-1,012M	-755M	-1,729M	4,758M	-7,647M	-4,586M	-4,479M	-3,996M	-2,934M	-3,466M	-3,530M	-2,622M	-2,271M	-971M	-1,508M	-1,177M
Return on Net Cash from Investing Activities	-311.79%	-323.07%	-362.44%	-364.76%	-303.24%	-262.80%	-232.45%	-164.14%	-67.98%	-70.40%	-320.22%	-544.75%	-553.49%	-126.51%	-423.75%	-460.31%	-387.34%	-502.65%	-235.04%	-499.21%	-357.33%	-316.69%	-343.93%	-329.84%	-352.45%	-130.71%	92.37%	-75.34%	-127.30%	-111.65%	-107.71%	-124.88%	-87.82%	-73.12%	-88.48%	-71.07%	-119.46%	-62.20%	-62.15%
Net Debt Issuance	4,310M	3,900M	3,311M	2,678M	2,373M	1,939M	1,664M	409M	11,896M	8,790M	724M	3,416M	2,482M	4,087M	1,985M	2,037M	3,298M	2,274M	4,012M	2,232M	3,933M	-32M	966M	-31M	-1,774M	-2,045M	1,714M	7,526M	1,871M	485M	-9M	1M	-222M	757M	262M	238M	-25M	470M	497M
Return on Net Debt Issuance	920.25%	747.53%	563.62%	-1,232.02%	-904.79%	12,019.32%	9,925.11%	3,565.28%	122.81%	168.44%	2,091.57%	500.73%	662.09%	314.80%	566.35%	545.95%	261.67%	349.91%	174.70%	284.27%	136.92%	-14,171.88%	401.97%	-10,767.74%	-150.00%	-110.51%	256.42%	76.55%	312.03%	1,031.13%	-47,822.22%	366,400.00%	-1,371.17%	340.95%	885.50%	678.15%	-4,640.00%	199.51%	147.12%
Long-Term Debt Issuance	4,550M	4,031M	3,308M	2,657M	2,357M	1,926M	1,653M	-1,447M	10,552M	8,474M	724M	4,451M	1,447M	5,061M	2,350M	2,257M	2,448M	1,914M	3,952M	1,942M	3,933M	-32M	966M	-31M	-1,774M	-313M	-20M	8,426M	971M	485M	-9M	1M	-222M	757M	262M	238M	-25M	470M	497M
Return on Long-Term Debt Issuance	883.53%	808.09%	595.72%	-1,207.79%	-2,014.71%	11,131.38%	9,185.16%	-1,007.74%	138.46%	174.72%	2,091.57%	384.30%	1,135.66%	254.22%	478.38%	492.73%	352.53%	415.73%	177.35%	326.73%	136.92%	-14,171.88%	401.97%	-10,767.74%	-150.00%	-722.04%	-21,975.00%	68.37%	601.24%	1,031.13%	-47,822.22%	366,400.00%	-1,371.17%	340.95%	885.50%	678.15%	-4,640.00%	199.51%	147.12%
Short-Term Debt Issuance	-240M	-132M	3M	21M	16M	13M	11M	1,856M	1,344M	316M	0M	-1,035M	1,035M	-974M	-365M	-220M	850M	360M	60M	290M	0M	0M	0M	0M	0M	-1,732M	1,734M	-900M	900M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	1,010.93%	659.91%	1,007.18%	817.32%	619.56%	495.65%	413.04%	785.67%	1,087.05%	4,685.44%	0.00%	-1,652.66%	1,587.73%	-1,320.94%	-3,080.00%	-5,055.00%	1,015.29%	2,210.28%	11,681.67%	2,187.93%	0.00%	0.00%	0.00%	0.00%	0.00%	-130.48%	253.46%	-640.11%	648.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-4,879M	-5,982M	-6,798M	-6,159M	-5,599M	-4,680M	-3,876M	349M	-1,904M	-254M	-7,951M	-6,432M	-14,809M	-465M	-6,685M	-9,727M	-8,000M	-6,880M	-6,772M	-7,000M	-8,546M	-3,200M	-3,164M	-2,504M	-140M	14M	-10,539M	-6,303M	-2,626M	-2,821M	-1,327M	-1,674M	445M	351M	267M	167M	122M	104M	69M
Return on Net Stock Issuance	-2,095.17%	-1,832.67%	-977.29%	-688.29%	178.12%	170.45%	300.57%	4,178.22%	-767.33%	-5,829.13%	-190.45%	-265.94%	-110.97%	-2,766.88%	-168.17%	-114.33%	-107.88%	-115.65%	-103.50%	-90.64%	-63.01%	-141.72%	-122.72%	-133.31%	-1,900.71%	16,142.86%	-41.70%	-91.40%	-222.32%	-177.28%	-324.34%	-218.88%	684.04%	735.33%	868.91%	966.47%	950.82%	901.63%	1,067.88%
Common Stock Issuance	327M	329M	286M	303M	289M	296M	271M	349M	362M	395M	323M	264M	337M	326M	280M	236M	255M	218M	228M	252M	241M	784M	306M	104M	73M	84M	276M	381M	414M	285M	227M	326M	445M	351M	267M	167M	122M	104M	69M
Return on Common Stock Issuance	4,971.92%	4,747.73%	4,257.44%	3,492.25%	3,161.70%	2,777.12%	2,472.79%	4,178.22%	4,035.91%	3,748.35%	4,688.24%	6,479.17%	4,876.26%	3,946.63%	4,015.00%	4,712.29%	3,384.31%	3,650.00%	3,074.12%	2,517.86%	2,234.44%	578.44%	1,268.95%	3,209.62%	3,645.21%	2,690.48%	1,592.39%	1,512.07%	1,410.14%	1,754.74%	1,896.04%	1,123.93%	684.04%	735.33%	868.91%	966.47%	950.82%	901.63%	1,067.88%
Common Stock Repurchased	-5,099M	-6,179M	-6,970M	-6,354M	-5,807M	-4,912M	-4,093M	0M	-2,135M	-649M	-7,951M	-6,696M	-14,809M	-791M	-6,965M	-9,963M	-8,000M	-6,880M	-7,000M	-7,000M	-8,546M	-3,984M	-3,470M	-2,608M	-213M	-70M	-10,815M	-6,684M	-3,040M	-3,106M	-1,554M	-2,000M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	-909.09%	-892.96%	-506.15%	-371.26%	-518.28%	-439.47%	-366.23%	0.00%	-684.31%	-2,281.36%	-190.45%	-255.45%	-110.97%	-1,626.55%	-161.41%	-111.62%	-107.88%	-115.65%	-100.13%	-90.64%	-63.01%	-113.83%	-111.90%	-127.99%	-1,249.30%	-3,228.57%	-40.64%	-86.19%	-192.04%	-161.01%	-276.96%	-183.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	-108M	-132M	-113M	-108M	-81M	-65M	-54M	0M	-131M	0M	-323M	0M	-337M	0M	0M	0M	-255M	-218M	0M	-252M	-241M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	-1,562.75%	-1,912.90%	-1,659.88%	-1,423.41%	-1,067.56%	-854.04%	-711.70%	0.00%	-11,152.67%	0.00%	-4,688.24%	0.00%	-4,876.26%	0.00%	0.00%	0.00%	-3,384.31%	-3,650.00%	0.00%	-2,517.86%	-2,234.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-8,367M	-7,707M	-5,985M	-4,638M	-3,829M	-3,166M	-2,663M	-9,098M	-8,773M	-8,929M	-8,383M	-7,789M	-6,985M	-6,451M	-5,958M	-4,704M	-4,212M	-3,404M	-3,031M	-2,530M	-2,243M	-1,743M	-1,632M	-1,569M	-1,525M	-1,521M	-1,709M	-1,395M	-857M	-719M	-595M	-492M	-396M	-371M	-255M	-168M	-139M	-110M	-90M
Return on Net Dividends Paid	-188.69%	-200.15%	-209.58%	-219.83%	-248.60%	-344.00%	-432.43%	-160.28%	-166.53%	-165.82%	-180.64%	-219.60%	-235.26%	-199.44%	-188.69%	-236.42%	-204.89%	-233.75%	-231.24%	-250.79%	-240.08%	-260.18%	-237.93%	-212.75%	-174.49%	-148.59%	-257.17%	-412.97%	-681.21%	-695.55%	-723.36%	-744.72%	-768.69%	-695.69%	-909.80%	-960.71%	-834.53%	-852.45%	-815.50%
Common Dividends Paid	-8,367M	-7,707M	-5,985M	-4,638M	-3,759M	-3,110M	-2,617M	-9,098M	-8,773M	-8,929M	-8,383M	-7,789M	-6,985M	-6,451M	-5,958M	-4,704M	-4,212M	-3,404M	-3,031M	-2,530M	-2,243M	-1,743M	-1,632M	-1,569M	-1,525M	-1,521M	-1,709M	0M	-857M	-719M	-595M	-492M	-396M	-371M	-255M	-168M	-139M	-110M	-90M
Return on Common Dividends Paid	-188.69%	-200.15%	-209.58%	-219.83%	-227.95%	-327.48%	-418.67%	-160.28%	-166.53%	-165.82%	-180.64%	-219.60%	-235.26%	-199.44%	-188.69%	-236.42%	-204.89%	-233.75%	-231.24%	-250.79%	-240.08%	-260.18%	-237.93%	-212.75%	-174.49%	-148.59%	-257.17%	0.00%	-681.21%	-695.55%	-723.36%	-744.72%	-768.69%	-695.69%	-909.80%	-960.71%	-834.53%	-852.45%	-815.50%
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	-107M	-57M	-43M	-41M	-54M	-32M	-24M	-225M	-102M	-301M	167M	-188M	192M	-154M	-176M	-153M	44M	140M	4M	227M	204M	-59M	-218M	-347M	-64M	-128M	-105M	-31M	-136M	272M	0M	0M	0M	0M	7M	11M	10M	36M	40M
Return on Other Financing Activities	-1,649.89%	-949.07%	18,212.07%	11,808.40%	7,207.02%	5,839.16%	6,994.49%	-6,480.89%	-14,323.53%	-4,918.94%	9,067.66%	-9,098.40%	8,558.85%	-8,354.55%	-6,387.50%	-7,268.63%	19,613.64%	5,683.57%	175,225.00%	2,795.15%	2,639.71%	-7,686.44%	-1,781.19%	-961.96%	-4,157.81%	-1,765.63%	-4,185.71%	-18,583.87%	-4,292.65%	1,838.60%	0.00%	0.00%	0.00%	0.00%	33,142.86%	14,672.73%	11,600.00%	2,597.51%	1,842.57%
Net Cash from Financing Activities	-9,043M	-9,847M	-9,514M	-8,160M	-7,109M	-5,939M	-4,899M	-8,565M	1,117M	-694M	-15,443M	-10,993M	-19,120M	-2,983M	-10,834M	-12,547M	-8,870M	-7,870M	-5,787M	-7,071M	-6,652M	-5,034M	-4,048M	-4,451M	-3,503M	-3,680M	-10,639M	-203M	-1,748M	-2,783M	-1,931M	-2,165M	-173M	737M	281M	248M	-32M	500M	516M
Return on Net Cash from Financing Activities	-795.70%	-580.87%	-341.63%	-256.53%	-359.93%	-367.19%	-366.63%	-170.25%	1,307.97%	-2,133.43%	-98.06%	-155.60%	-85.95%	-431.31%	-103.77%	-88.63%	-97.29%	-101.11%	-121.12%	-89.73%	-80.95%	-90.09%	-95.92%	-74.99%	-75.96%	-61.41%	-41.31%	-2,837.93%	-333.98%	-179.70%	-222.89%	-169.24%	-1,759.54%	350.20%	825.62%	650.81%	-3,625.00%	187.50%	141.85%
Effect of FX on Cash	-84M	-42M	-10M	-18M	-15M	-10M	-8M	-47M	-23M	-186M	3M	-68M	-34M	76M	119M	-19M	124M	-8M	-111M	-106M	-34M	-2M	-32M	2M	35M	-45M	-1M	-4M	1M	33M	20M	8M	-14M	-4M	1M	-4M	0M	0M	0M
Return on Effect of FX on Cash	157,217.35%	88,049.73%	29,234.69%	13,235.89%	10,069.70%	7,904.03%	34,699.19%	-31,025.53%	-63,521.74%	-7,960.22%	504,766.67%	-25,154.41%	-48,332.35%	16,928.95%	9,447.06%	-58,531.58%	6,959.68%	-99,462.50%	-6,314.41%	-5,985.85%	-15,838.24%	-226,750.00%	-12,134.38%	166,900.00%	7,602.86%	-5,022.22%	-439,500.00%	-144,025.00%	583,800.00%	15,154.55%	21,520.00%	45,800.00%	-21,742.86%	-64,525.00%	232,000.00%	-40,350.00%	0.00%	468,850.00%	182,875.00%
Net Change in Cash	-228M	-95M	-6M	16M	58M	129M	113M	153M	-527M	-2,101M	1,003M	414M	-5,552M	5,762M	355M	-1,817M	1,057M	322M	493M	-206M	-565M	507M	1,442M	-876M	902M	74M	-155M	-194M	287M	-597M	638M	-289M	2,310M	-1M	106M	-110M	26M	93M	52M
Return on Net Change in Cash	1,645.57%	972.80%	1,212.80%	591.83%	422.78%	-10,037.74%	-8,111.53%	9,530.72%	-2,772.30%	-704.71%	1,509.77%	4,131.64%	-295.98%	223.29%	3,166.76%	-612.05%	816.46%	2,471.12%	1,421.70%	-3,080.10%	-953.10%	894.48%	269.28%	-381.05%	295.01%	3,054.05%	-2,835.48%	-2,969.59%	2,034.15%	-837.69%	674.61%	-1,267.82%	131.77%	-258,100.00%	2,188.68%	-1,467.27%	4,461.54%	1,010.45%	1,404.03%
Cash at Beginning of Period	2,953M	3,778M	3,074M	2,608M	2,099M	1,923M	1,617M	7,363M	11,695M	3,760M	2,757M	2,343M	7,895M	2,133M	1,778M	3,595M	2,538M	2,216M	1,723M	1,929M	2,494M	1,987M	545M	1,421M	519M	445M	600M	793M	506M	1,103M	2,188M	2,477M	167M	168M	62M	172M	146M	53M	1M
Return on Cash at Beginning of Period	557.69%	496.88%	453.19%	416.83%	494.29%	561.71%	2,741.18%	198.04%	124.93%	393.78%	549.26%	730.05%	208.14%	603.19%	632.28%	309.35%	340.03%	359.07%	406.79%	328.93%	215.92%	228.23%	712.48%	234.90%	512.72%	507.87%	732.50%	726.48%	1,153.75%	453.40%	196.71%	147.92%	1,822.75%	1,536.31%	3,741.94%	938.37%	794.52%	1,759.29%	60,958.33%
Cash at End of Period	2,725M	3,683M	3,067M	2,623M	2,157M	2,052M	1,730M	7,516M	11,168M	1,659M	3,760M	2,757M	2,343M	7,895M	2,133M	1,778M	3,595M	2,538M	2,216M	1,723M	1,929M	2,494M	1,987M	545M	1,421M	519M	445M	600M	793M	506M	2,826M	2,188M	2,477M	167M	168M	62M	172M	146M	53M
Return on Cash at End of Period	638.54%	555.99%	480.23%	429.30%	487.31%	508.91%	646.52%	194.01%	130.82%	892.47%	402.74%	620.42%	701.37%	162.96%	527.05%	625.48%	240.06%	313.51%	316.29%	368.25%	279.16%	181.84%	195.42%	612.48%	187.26%	435.45%	987.64%	960.17%	736.19%	988.34%	152.30%	167.46%	122.89%	1,545.51%	1,380.95%	2,603.23%	674.42%	641.82%	1,372.42%
Operating Cash Flow	18,532M	18,201M	14,908M	12,211M	10,691M	9,633M	8,268M	17,649M	19,872M	19,810M	21,172M	14,615M	16,571M	18,839M	13,723M	13,165M	12,031M	9,783M	9,373M	8,242M	7,628M	6,975M	6,651M	4,585M	5,125M	5,528M	5,727M	7,661M	6,620M	6,904M	6,545M	4,802M	5,963M	2,796M	2,446M	1,917M	1,029M	1,100M	713M
Return on Operating Cash Flow	87.77%	86.15%	82.50%	77.92%	75.09%	74.38%	77.97%	82.62%	73.52%	74.74%	71.52%	117.04%	99.17%	68.29%	81.92%	84.47%	71.73%	81.33%	74.78%	76.98%	70.60%	65.02%	58.38%	72.80%	51.92%	40.88%	76.74%	75.20%	88.19%	72.44%	65.76%	76.30%	51.05%	92.31%	94.85%	84.19%	112.73%	85.24%	102.59%
Capital Expenditure	-3,277M	-2,972M	-2,500M	-2,097M	-2,263M	-2,520M	-2,395M	-3,722M	-3,242M	-3,485M	-3,226M	-3,119M	-2,566M	-2,463M	-2,678M	-2,442M	-1,897M	-1,621M	-1,503M	-1,442M	-1,389M	-1,312M	-1,221M	-1,096M	-966M	-1,847M	-3,558M	-3,542M	-3,881M	-3,948M	-4,106M	-2,749M	-3,393M	-3,558M	-2,581M	-2,320M	-1,481M	-1,194M	-1,278M
Return on Capital Expenditure	-480.89%	-521.09%	-489.28%	-445.91%	-376.16%	-322.01%	-280.79%	-391.78%	-450.65%	-424.85%	-469.40%	-548.41%	-640.41%	-522.37%	-419.79%	-455.41%	-454.93%	-490.87%	-466.33%	-440.01%	-387.69%	-345.66%	-318.02%	-304.56%	-275.47%	-122.36%	-123.52%	-162.65%	-150.43%	-126.67%	-104.82%	-133.28%	-89.71%	-72.54%	-89.89%	-69.57%	-78.33%	-78.51%	-57.23%
Free Cash Flow	15,256M	15,230M	12,408M	10,114M	8,429M	7,113M	5,873M	13,927M	16,630M	16,325M	17,946M	11,496M	14,005M	16,376M	11,045M	10,723M	10,134M	8,162M	7,870M	6,800M	6,239M	5,663M	5,430M	3,489M	4,159M	3,681M	2,169M	4,119M	2,739M	2,956M	2,439M	2,053M	2,570M	-762M	-135M	-403M	-452M	-94M	-565M
Return on Free Cash Flow	107.96%	103.95%	99.70%	94.92%	105.24%	96.35%	-36.36%	104.70%	87.85%	90.70%	84.38%	148.79%	117.34%	78.57%	101.78%	103.71%	85.16%	97.49%	89.06%	93.31%	86.31%	80.08%	71.51%	95.67%	63.98%	61.40%	202.63%	139.86%	213.14%	169.18%	176.47%	178.47%	118.44%	-338.71%	-1,718.52%	-400.50%	-256.64%	-994.38%	-129.45%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31	2003-01-31	2002-01-31	2001-01-31	2000-01-31	1999-01-31	1998-01-31	1997-01-31	1996-01-31
Net Income	15,685M	15,271M	12,231M	9,720M	8,336M	7,412M	6,402M	14,582M	14,610M	14,806M	15,143M	17,105M	16,433M	12,866M	11,242M	11,121M	8,630M	7,957M	7,009M	6,345M	5,385M	4,535M	3,883M	3,338M	2,661M	2,260M	4,395M	5,761M	5,838M	5,001M	4,304M	3,664M	3,044M	2,581M	2,320M	1,614M	1,160M	938M	732M
EBITDA	25,873M	24,882M	20,661M	17,036M	14,957M	13,341M	11,540M	25,084M	24,954M	25,435M	25,114M	27,069M	25,946M	20,844M	18,212M	17,929M	16,817M	15,436M	13,803M	12,592M	10,935M	9,537M	8,356M	7,521M	6,464M	6,116M	9,222M	10,779M	11,004M	9,245M	7,922M	6,733M	5,696M	4,792M	4,258M	3,034M	2,283M	1,758M	1,361M
Return on EBITDA	60.57%	61.35%	58.42%	54.81%	52.72%	52.98%	53.01%	58.13%	58.55%	58.21%	60.30%	63.19%	63.34%	61.73%	61.73%	62.03%	51.32%	51.55%	50.78%	50.39%	49.25%	47.55%	46.47%	44.38%	41.17%	36.95%	47.66%	53.45%	53.05%	54.09%	54.33%	54.42%	53.44%	53.86%	54.49%	53.20%	50.81%	53.34%	53.74%
(-) Tax Adjustment	6,175M	5,981M	5,528M	4,878M	4,455M	4,081M	3,566M	6,024M	5,970M	6,029M	6,026M	6,469M	6,331M	5,048M	4,298M	4,231M	6,222M	5,603M	5,025M	4,583M	3,980M	3,547M	3,009M	2,760M	2,211M	2,177M	3,357M	4,103M	4,083M	3,401M	2,939M	2,532M	2,198M	1,859M	1,661M	1,189M	888M	684M	528M
Return on (-) Tax Adjustment	253.75%	255.13%	222.03%	191.46%	175.52%	169.03%	163.58%	242.05%	244.74%	245.58%	251.28%	264.39%	259.56%	254.86%	261.54%	262.85%	138.70%	142.01%	139.49%	138.44%	135.29%	127.84%	129.05%	120.94%	120.36%	103.80%	130.91%	140.42%	142.99%	147.03%	146.43%	144.72%	138.48%	138.83%	139.67%	135.75%	130.67%	137.12%	138.51%
(-) Change In Working Capital	-1,107M	-723M	-381M	-181M	97M	168M	100M	-462M	1,261M	694M	2,088M	-6,102M	-3,319M	3,023M	-286M	-534M	646M	-418M	401M	209M	258M	441M	871M	-685M	5,419M	447M	-433M	-330M	-441M	-132M	560M	62M	2,155M	-386M	-337M	-131M	-386M	-124M	-218M
Return on (-) Change In Working Capital	859.45%	501.77%	-232.43%	252.38%	12.79%	104.72%	-23.18%	-3,156.28%	1,158.60%	2,133.43%	725.24%	-280.32%	-495.12%	425.60%	-3,930.77%	-2,082.58%	1,335.91%	-1,903.59%	1,747.88%	3,035.89%	2,087.21%	1,028.34%	445.81%	-487.30%	49.11%	505.59%	-1,015.01%	-1,745.76%	-1,323.81%	-3,788.64%	768.57%	5,909.68%	141.25%	-668.65%	-688.43%	-1,232.06%	-300.52%	-756.21%	-336.01%
(-) Capital Expenditure	-3,277M	-2,972M	-2,500M	-2,097M	-2,263M	-2,520M	-2,395M	-3,722M	-3,242M	-3,485M	-3,226M	-3,119M	-2,566M	-2,463M	-2,678M	-2,442M	-1,897M	-1,621M	-1,503M	-1,442M	-1,389M	-1,312M	-1,221M	-1,096M	-966M	-1,847M	-3,558M	-3,542M	-3,881M	-3,948M	-4,106M	-2,749M	-3,393M	-3,558M	-2,581M	-2,320M	-1,481M	-1,194M	-1,278M
Return on (-) Capital Expenditure	-480.89%	-521.09%	-489.28%	-445.91%	-376.16%	-322.01%	-280.79%	-391.78%	-450.65%	-424.85%	-469.40%	-548.41%	-640.41%	-522.37%	-419.79%	-455.41%	-454.93%	-490.87%	-466.33%	-440.01%	-387.69%	-345.66%	-318.02%	-304.56%	-275.47%	-122.36%	-123.52%	-162.65%	-150.43%	-126.67%	-104.82%	-133.28%	-89.71%	-72.54%	-89.89%	-69.57%	-78.33%	-78.51%	-57.23%
Unlevered Free Cash Flow	17,528M	16,652M	13,013M	10,242M	8,142M	6,571M	5,479M	15,800M	14,481M	15,227M	13,774M	23,583M	20,368M	10,310M	11,522M	11,790M	8,052M	8,630M	6,874M	6,358M	5,308M	4,237M	3,255M	4,350M	-2,132M	1,645M	2,740M	3,464M	3,481M	2,028M	317M	1,390M	-2,050M	-239M	353M	-344M	300M	4M	-227M
Return on Unlevered Free Cash Flow	93.24%	97.04%	97.84%	98.85%	99.49%	105.24%	932.75%	92.29%	100.89%	97.24%	109.94%	72.53%	80.68%	124.80%	97.57%	94.33%	107.18%	92.20%	101.96%	99.80%	101.46%	107.05%	119.29%	76.73%	-124.82%	137.41%	160.42%	166.29%	167.71%	246.65%	1,359.22%	263.55%	-148.47%	-1,079.59%	657.43%	-469.31%	386.28%	25,098.68%	-321.63%
(-) Net Interest Income After Taxes	-1,383M	-1,224M	-941M	-750M	-635M	-508M	-426M	-1,769M	-1,499M	-1,617M	-1,341M	-1,189M	-985M	-985M	-862M	-732M	-619M	-596M	-479M	-314M	-445M	-384M	-379M	-326M	-433M	-390M	-396M	-209M	-12M	-9M	-2M	0M	0M	0M	0M	-4M	-72M	0M	0M
Return on (-) Net Interest Income After Taxes	-1,161.07%	-1,291.49%	-1,347.30%	-1,328.99%	-3,692.21%	-14,338.34%	-13,266.04%	-824.36%	-974.82%	-915.38%	-1,128.84%	-1,438.99%	-1,668.23%	-1,306.00%	-1,304.52%	-1,519.42%	-1,393.49%	-1,334.51%	-1,463.61%	-2,023.53%	-1,211.30%	-1,179.90%	-1,023.27%	-1,023.88%	-614.64%	-579.09%	-1,111.08%	-2,751.83%	-48,852.63%	-56,514.29%	-228,100.00%	0.00%	0.00%	0.00%	0.00%	-37,914.29%	-1,608.47%	0.00%	0.00%
Net Debt Issuance	4,310M	3,900M	3,311M	2,678M	2,373M	1,939M	1,664M	409M	11,896M	8,790M	724M	3,416M	2,482M	4,087M	1,985M	2,037M	3,298M	2,274M	4,012M	2,232M	3,933M	-32M	966M	-31M	-1,774M	-2,045M	1,714M	7,526M	1,871M	485M	-9M	1M	-222M	757M	262M	238M	-25M	470M	497M
Return on Net Debt Issuance	920.25%	747.53%	563.62%	-1,232.02%	-904.79%	12,019.32%	9,925.11%	3,565.28%	122.81%	168.44%	2,091.57%	500.73%	662.09%	314.80%	566.35%	545.95%	261.67%	349.91%	174.70%	284.27%	136.92%	-14,171.88%	401.97%	-10,767.74%	-150.00%	-110.51%	256.42%	76.55%	312.03%	1,031.13%	-47,822.22%	366,400.00%	-1,371.17%	340.95%	885.50%	678.15%	-4,640.00%	199.51%	147.12%
Levered Free Cash Flow	23,220M	21,775M	17,264M	13,671M	11,150M	9,018M	7,569M	17,978M	27,876M	25,634M	15,839M	28,187M	23,835M	15,382M	14,368M	14,559M	11,969M	11,500M	11,365M	8,903M	9,685M	4,589M	4,601M	4,645M	-3,473M	-10M	4,849M	11,200M	5,364M	2,521M	310M	1,391M	-2,272M	518M	615M	-102M	347M	474M	270M
Return on Levered Free Cash Flow	71.35%	73.33%	72.42%	73.75%	-1,070.84%	-768.01%	-653.60%	81.11%	52.41%	57.76%	95.61%	60.68%	68.94%	83.64%	78.24%	76.39%	72.10%	69.19%	61.67%	71.26%	55.60%	98.83%	84.40%	71.86%	-76.62%	-22,697.36%	90.63%	51.44%	108.84%	198.34%	1,390.46%	263.36%	-133.97%	498.33%	377.30%	-1,587.80%	333.89%	197.94%	271.16%