A.P. Møller - Mærsk A/S (DP4B.DE)

Category: Company Returns Sector: Industrials Industry: Marine Shipping Live Price: $1,998.00

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	2,050M	1,884M	963M	858M	738M	1,082M	167M	960M	601M	4,590M	2,820M	448M	80M	498M	-189M	-305M	124M	788M	564M	604M	496M	791M	-166M	518M	574M	450M	504M	701M	462M	270M
Revenue	9,855M	9,105M	7,455M	7,800M	7,759M	8,930M	7,702M	8,722M	8,027M	12,816M	9,713M	6,247M	6,114M	6,134M	4,865M	5,575M	6,336M	7,478M	7,746M	9,530M	8,849M	8,845M	7,871M	9,164M	8,572M	7,365M	5,204M	4,754M	4,177M	3,367M
Return on Revenue	18.10%	18.10%	9.25%	8.75%	7.86%	12.11%	2.16%	11.01%	7.48%	35.81%	29.04%	7.17%	1.31%	8.12%	-3.89%	-5.47%	1.96%	10.54%	7.28%	6.34%	5.61%	8.95%	-2.11%	5.66%	6.69%	6.11%	9.68%	14.74%	11.07%	8.02%
Cost of Revenue	7,649M	7,031M	6,331M	5,804M	4,420M	0M	6,876M	7,634M	7,418M	7,893M	6,598M	5,611M	5,882M	6,083M	4,690M	5,510M	5,990M	6,569M	6,353M	8,102M	1,317M	1,415M	1,332M	0M	0M	0M	0M	0M	0M	0M
Return on Cost of Revenue	26.28%	25.91%	13.16%	16.90%	12.05%	0.00%	2.42%	12.58%	8.10%	58.15%	42.75%	7.98%	1.36%	8.19%	-4.04%	-5.53%	2.08%	12.00%	8.88%	7.45%	37.67%	55.90%	-12.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Gross Profit	2,207M	2,074M	1,124M	1,995M	3,339M	8,930M	826M	1,088M	609M	4,923M	3,115M	636M	232M	51M	175M	65M	347M	909M	1,394M	1,429M	7,532M	7,429M	6,538M	9,164M	8,572M	7,365M	5,204M	4,754M	4,177M	3,367M
Return on Gross Profit	93.39%	88.24%	90.71%	72.92%	55.97%	12.11%	20.17%	88.29%	98.66%	93.23%	90.56%	70.46%	34.56%	972.09%	-108.27%	-468.36%	35.86%	86.73%	40.46%	42.27%	6.59%	10.65%	-2.54%	5.66%	6.69%	6.11%	9.68%	14.74%	11.07%	8.02%
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
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%
SG&A Expenses	0M	0M	7M	115M	1,083M	0M	-3,867M	0M	0M	0M	0M	0M	0M	0M	0M	0M	66M	120M	181M	175M	1,177M	0M	0M	5,806M	5,652M	5,084M	3,389M	3,603M	3,187M	2,614M
Return on SG&A Expenses	0.00%	0.00%	18.70%	102.79%	79.23%	0.00%	-4.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	187.00%	655.56%	312.22%	344.92%	42.17%	0.00%	0.00%	8.93%	10.15%	8.86%	14.87%	19.45%	14.51%	10.32%
Operating Expenses	287M	204M	142M	938M	2,285M	8,930M	-3,601M	150M	609M	100M	109M	52M	8M	-24M	90M	145M	177M	123M	268M	244M	6,161M	5,856M	5,897M	7,464M	7,385M	6,480M	4,401M	4,023M	3,599M	2,920M
Return on Operating Expenses	1,771.39%	1,753.07%	743.12%	570.10%	429.09%	12.11%	-4.63%	639.02%	98.66%	4,576.49%	2,592.77%	858.43%	1,060.42%	-2,044.52%	-209.57%	-210.76%	70.25%	641.30%	210.35%	247.15%	8.05%	13.51%	-2.82%	6.94%	7.77%	6.95%	11.45%	17.41%	12.85%	9.24%
Operating Income (EBIT)	2,189M	2,053M	1,098M	1,155M	1,125M	4,572M	944M	937M	715M	4,914M	3,093M	603M	284M	76M	101M	-36M	294M	930M	1,199M	1,307M	1,361M	1,553M	600M	1,700M	1,187M	885M	803M	846M	578M	446M
Return on Operating Income (EBIT)	93.28%	89.06%	184.46%	140.66%	113.73%	23.66%	17.64%	102.45%	83.98%	93.41%	91.20%	74.28%	28.17%	658.84%	-187.99%	857.96%	42.30%	84.76%	47.03%	46.22%	36.45%	50.93%	-27.71%	30.49%	48.30%	50.87%	62.72%	82.85%	79.98%	60.48%
Interest Income	144M	90M	52M	52M	54M	0M	44M	174M	189M	69M	8M	10M	14M	11M	16M	14M	11M	14M	14M	29M	116M	84M	47M	70M	71M	83M	43M	63M	58M	35M
Return on Interest Income	2,521.71%	9,318.56%	4,953.76%	4,176.95%	3,277.90%	0.00%	377.22%	550.36%	317.97%	6,696.79%	34,503.85%	4,523.81%	559.34%	4,592.75%	-1,158.65%	-2,178.65%	1,130.00%	5,510.99%	4,123.83%	2,106.22%	428.51%	947.13%	-354.59%	740.16%	808.06%	543.52%	1,166.63%	1,120.94%	795.97%	767.05%
Interest Expense	128M	128M	119M	135M	148M	15M	0M	141M	121M	120M	127M	131M	149M	125M	100M	100M	79M	96M	122M	140M	241M	231M	206M	299M	195M	145M	96M	59M	68M	72M
Return on Interest Expense	1,662.84%	1,510.32%	766.47%	661.67%	557.30%	7,048.09%	0.00%	681.05%	495.72%	3,811.75%	2,220.54%	342.55%	53.69%	397.12%	-189.76%	-305.84%	157.88%	818.11%	462.80%	431.22%	205.86%	342.33%	-80.59%	173.07%	293.55%	310.61%	524.42%	1,191.38%	683.65%	376.63%
Net Interest Income	16M	-38M	-61M	-72M	-86M	-15M	44M	33M	68M	-52M	-118M	-121M	-135M	-107M	-72M	-67M	-43M	-45M	-76M	-103M	-97M	-148M	-159M	-229M	-126M	-62M	-53M	21M	-10M	-36M
Return on Net Interest Income	-1,697.68%	-1,569.28%	-794.68%	-804.37%	-716.15%	-7,048.09%	377.22%	2,868.08%	886.77%	-8,847.88%	-2,382.74%	-370.61%	-59.39%	-467.40%	263.10%	454.10%	-290.81%	-1,747.39%	-739.67%	-586.55%	-509.09%	-536.10%	104.49%	-225.90%	-453.86%	-729.43%	-952.66%	3,283.09%	-4,844.57%	-739.95%
Unusual Items	3M	96M	140M	154M	147M	3,381M	655M	-168M	-38M	213M	267M	204M	267M	153M	180M	183M	134M	177M	225M	233M	102M	176M	308M	377M	-32M	-53M	33M	-122M	-120M	26M
Return on Unusual Items	-0.78%	254.49%	144.92%	222.52%	116.97%	32.00%	25.43%	-573.08%	-1,579.34%	2,150.07%	1,055.41%	219.40%	29.99%	326.03%	-105.06%	-166.87%	92.62%	444.59%	250.45%	258.84%	484.93%	449.78%	-53.99%	137.35%	-1,773.57%	-848.32%	1,540.09%	-575.64%	-385.03%	1,031.41%
EBT Excluding Unusual Items	2,167M	1,899M	887M	931M	925M	-2,174M	-410M	1,239M	724M	4,539M	2,677M	316M	-115M	-115M	-176M	-315M	93M	658M	857M	951M	1,282M	1,349M	143M	1,175M	1,376M	1,054M	791M	1,085M	828M	430M
Return on EBT Excluding Unusual Items	87.22%	101.79%	34.50%	46.10%	38.39%	-49.77%	-40.63%	77.51%	83.01%	101.13%	105.36%	141.93%	-69.73%	-431.74%	107.40%	96.71%	133.39%	119.89%	65.80%	63.48%	38.70%	58.64%	-115.85%	44.12%	41.67%	42.74%	63.72%	64.55%	55.85%	62.71%
Pre-Tax Income	2,170M	1,995M	1,026M	1,085M	1,072M	1,207M	245M	1,071M	686M	4,752M	2,944M	520M	152M	37M	4M	-133M	227M	835M	1,082M	1,185M	1,384M	1,525M	451M	1,552M	1,344M	1,000M	824M	964M	708M	457M
Return on Pre-Tax Income	91.28%	91.16%	-269.54%	-160.68%	-113.24%	89.66%	67.99%	89.63%	87.62%	96.58%	95.79%	86.18%	52.64%	1,331.51%	-4,820.00%	230.01%	54.66%	94.43%	52.11%	50.97%	35.84%	51.88%	-36.83%	33.39%	42.67%	45.01%	61.18%	72.70%	65.33%	59.11%
Income Tax Expense	102M	96M	89M	270M	367M	100M	66M	92M	71M	143M	110M	64M	72M	61M	34M	166M	82M	467M	529M	533M	890M	734M	617M	1,037M	754M	554M	330M	263M	245M	187M
Return on Income Tax Expense	1,698.83%	1,674.18%	872.04%	618.16%	480.28%	1,077.00%	252.38%	1,046.06%	841.85%	3,208.57%	2,574.18%	700.25%	111.14%	820.98%	-550.23%	-183.97%	151.53%	168.74%	106.58%	113.25%	55.73%	107.80%	-26.92%	49.98%	76.04%	81.25%	152.81%	266.32%	188.43%	144.57%
Depreciation and Amortization	963M	876M	844M	860M	819M	850M	558M	971M	981M	937M	777M	714M	674M	523M	474M	1,142M	1,249M	1,102M	757M	863M	793M	948M	918M	767M	806M	546M	443M	177M	197M	82M
Return on Depreciation and Amortization	216.68%	215.14%	112.62%	99.22%	90.26%	127.25%	29.86%	98.88%	61.27%	489.90%	362.90%	62.76%	11.87%	95.31%	-39.97%	-26.69%	9.96%	71.56%	74.53%	69.97%	62.59%	83.42%	-18.11%	67.60%	71.18%	82.43%	113.80%	396.23%	234.39%	329.27%
EBITDA	3,260M	2,999M	1,921M	2,013M	1,993M	1,942M	-2,528M	2,184M	1,788M	5,810M	3,849M	1,364M	975M	677M	576M	429M	1,555M	2,033M	1,885M	2,062M	2,302M	2,705M	1,662M	2,618M	2,347M	1,684M	1,362M	1,440M	775M	528M
Return on EBITDA	52.20%	52.54%	24.87%	26.50%	24.77%	55.70%	-6.59%	43.98%	33.61%	79.01%	73.29%	32.83%	8.21%	73.61%	-32.88%	-71.00%	8.00%	38.78%	29.91%	29.28%	21.56%	29.25%	-10.00%	19.80%	24.44%	26.75%	36.98%	48.66%	59.63%	51.09%
NOPAT	2,088M	1,954M	920M	815M	699M	4,191M	690M	857M	641M	4,766M	2,978M	529M	150M	-47M	-782M	-80M	188M	410M	613M	718M	486M	806M	-221M	564M	521M	395M	482M	615M	378M	264M
Return on NOPAT	100.70%	96.30%	-5.28%	34.40%	50.59%	25.81%	24.15%	112.05%	93.74%	96.31%	94.72%	84.70%	53.51%	-1,059.48%	24.23%	381.27%	66.17%	192.45%	92.02%	84.05%	102.12%	98.19%	75.25%	91.85%	110.06%	114.05%	104.60%	113.96%	122.42%	102.31%
Owner's Earnings	2,396M	2,254M	1,239M	959M	656M	254M	498M	1,271M	1,008M	4,908M	3,130M	954M	434M	569M	-281M	150M	252M	532M	297M	154M	135M	872M	-593M	-415M	-323M	-147M	214M	50M	-68M	-207M
Return on Owner's Earnings	76.22%	73.15%	38.50%	104.88%	61.37%	426.13%	33.48%	75.55%	59.59%	93.52%	90.12%	46.96%	18.44%	87.59%	67.36%	-203.46%	49.34%	148.20%	189.81%	391.35%	367.99%	90.78%	28.02%	-124.92%	-177.56%	-306.21%	234.95%	1,403.27%	-684.19%	-130.16%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	2,050M	1,884M	963M	858M	738M	960M	601M	4,590M	2,820M	448M	80M	498M	-189M	-305M	124M	788M	564M	604M	496M	791M	-166M	518M	574M	450M	504M	701M	462M	270M
Cash & Cash Equivalents	1,223M	1,290M	926M	781M	711M	1,034M	1,053M	1,581M	1,860M	922M	750M	448M	341M	645M	630M	551M	513M	363M	359M	670M	253M	402M	705M	637M	504M	481M	413M	296M
Return on Cash & Cash Equivalents	146.76%	128.10%	67.93%	90.33%	83.52%	92.91%	57.04%	290.33%	151.64%	48.59%	10.68%	111.15%	-55.50%	-47.24%	19.74%	143.00%	109.88%	166.57%	138.09%	118.07%	-65.75%	129.07%	81.38%	70.72%	100.03%	145.78%	111.86%	91.15%
Short-Term Investments	132M	79M	91M	81M	139M	248M	0M	148M	0M	0M	0M	385M	0M	8M	120M	60M	49M	60M	59M	81M	72M	155M	390M	583M	372M	648M	370M	230M
Return on Short-Term Investments	1,162.07%	177,310.58%	78,800.74%	52,886.70%	39,688.17%	386.65%	0.00%	3,099.58%	598,066.67%	285,000.00%	25,450.00%	129.45%	-120,500.00%	-3,728.85%	103.94%	1,323.22%	1,148.90%	1,003.38%	840.29%	977.31%	-232.09%	335.07%	147.08%	77.26%	135.56%	108.08%	124.82%	117.10%
Cash & Short-Term Investments	1,355M	1,369M	1,017M	863M	850M	1,282M	1,053M	1,729M	1,860M	922M	750M	833M	341M	653M	750M	611M	562M	423M	418M	751M	324M	556M	1,095M	1,220M	875M	1,129M	784M	527M
Return on Cash & Short-Term Investments	132.47%	119.52%	58.25%	78.58%	68.37%	74.91%	57.04%	265.46%	151.60%	48.59%	10.67%	59.80%	-55.48%	-46.64%	16.59%	129.05%	100.28%	142.86%	118.60%	105.35%	-51.24%	93.18%	52.39%	36.92%	57.56%	62.07%	58.99%	51.25%
Net Receivables	2,587M	2,052M	1,403M	1,181M	1,029M	3,644M	75M	4,043M	1,778M	722M	727M	769M	790M	781M	699M	784M	898M	71M	971M	956M	34M	874M	1,008M	921M	26M	722M	607M	534M
Return on Net Receivables	313.16%	232.03%	119.07%	156.03%	196.80%	26.35%	799.58%	113.54%	158.67%	62.04%	11.00%	64.77%	-23.97%	-39.03%	17.78%	100.60%	62.80%	852.47%	51.11%	82.79%	-494.06%	59.32%	56.90%	48.89%	1,924.38%	97.06%	76.20%	50.52%
Inventory	255M	232M	196M	223M	228M	252M	261M	252M	229M	165M	225M	167M	153M	136M	123M	179M	197M	363M	353M	292M	284M	240M	298M	230M	153M	118M	104M	93M
Return on Inventory	810.81%	787.11%	402.16%	355.04%	309.97%	381.57%	230.52%	1,820.32%	1,231.43%	271.69%	35.59%	297.84%	-123.72%	-224.94%	101.28%	440.30%	286.17%	166.18%	140.53%	270.86%	-58.49%	215.65%	192.17%	195.96%	328.45%	592.80%	442.77%	291.72%
Other Current Assets	2,525M	2,059M	1,765M	1,547M	1,294M	89M	3,363M	4,121M	1,881M	842M	783M	1,735M	3,203M	868M	761M	1,665M	2,047M	1,317M	317M	208M	1,059M	126M	409M	140M	937M	43M	674M	579M
Return on Other Current Assets	400.96%	281.20%	142.02%	138.53%	149.47%	1,073.64%	17.86%	111.38%	149.92%	53.20%	10.22%	28.71%	-5.91%	-35.11%	16.33%	47.35%	27.55%	45.84%	156.59%	380.41%	-15.69%	412.58%	140.17%	320.51%	53.80%	1,620.87%	68.59%	46.58%
Total Current Assets	5,535M	4,533M	3,473M	3,118M	2,898M	5,356M	4,952M	6,298M	4,056M	2,002M	1,839M	2,960M	3,786M	1,752M	1,732M	2,551M	2,886M	2,199M	2,152M	2,243M	1,767M	1,922M	2,890M	2,578M	2,033M	2,012M	1,562M	1,198M
Return on Total Current Assets	34.31%	38.97%	20.08%	22.47%	20.84%	17.93%	12.13%	72.88%	69.54%	22.38%	4.35%	16.83%	-5.00%	-17.40%	7.18%	30.91%	19.54%	27.46%	23.05%	35.27%	-9.40%	26.97%	19.85%	17.47%	24.79%	34.82%	29.59%	22.52%
Property, Plant & Equipment	5,631M	5,466M	5,562M	6,017M	5,907M	5,707M	5,410M	5,777M	5,448M	4,989M	5,202M	4,759M	4,884M	6,523M	6,917M	7,022M	6,503M	7,282M	6,992M	6,833M	7,191M	6,665M	5,655M	4,655M	3,727M	2,739M	2,462M	2,190M
Return on Property, Plant & Equipment	35.79%	33.63%	17.34%	14.68%	12.95%	16.83%	11.11%	79.45%	51.77%	8.98%	1.54%	10.47%	-3.88%	-4.67%	1.80%	11.23%	8.67%	8.29%	7.10%	11.58%	-2.31%	7.78%	10.14%	9.67%	13.52%	25.58%	18.78%	12.32%
Goodwill	812M	567M	321M	227M	170M	806M	811M	818M	245M	152M	100M	101M	114M	53M	14M	14M	75M	98M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	251.37%	439.58%	293.11%	654.04%	490.53%	119.08%	74.06%	560.96%	1,149.39%	294.42%	79.91%	491.32%	-166.67%	-580.54%	909.20%	5,510.99%	750.37%	618.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	1,058M	1,075M	834M	767M	707M	1,138M	780M	1,256M	1,062M	1,139M	1,016M	570M	573M	517M	288M	429M	679M	855M	791M	410M	392M	418M	534M	609M	693M	34M	28M	13M
Return on Intangible Assets	175.60%	166.33%	87.79%	98.07%	90.33%	84.41%	77.01%	365.39%	265.49%	39.35%	7.87%	87.35%	-33.09%	-59.01%	43.11%	183.90%	83.07%	70.65%	62.70%	192.87%	-42.41%	123.93%	107.38%	73.97%	72.69%	2,034.86%	1,633.05%	2,142.86%
Long-Term Investments	216M	289M	331M	513M	555M	82M	338M	228M	430M	364M	349M	328M	371M	409M	411M	399M	1,326M	990M	904M	768M	860M	676M	724M	606M	543M	157M	103M	96M
Return on Long-Term Investments	1,117.76%	826.41%	421.16%	311.38%	248.72%	1,165.84%	177.93%	2,009.50%	655.77%	123.00%	22.96%	151.92%	-51.12%	-74.46%	30.28%	197.67%	42.53%	60.98%	54.88%	102.98%	-19.32%	76.63%	79.25%	74.31%	92.78%	445.84%	450.57%	281.71%
Tax Assets	161M	116M	94M	99M	103M	57M	364M	63M	56M	39M	37M	42M	47M	93M	140M	84M	75M	105M	135M	144M	168M	131M	127M	113M	33M	0M	0M	0M
Return on Tax Assets	3,052.15%	3,068.18%	1,610.37%	1,285.23%	1,098.41%	1,673.70%	164.95%	7,317.79%	5,039.89%	1,144.58%	214.77%	1,186.89%	-399.01%	-328.64%	88.78%	935.63%	748.63%	574.42%	366.42%	549.57%	-99.04%	394.85%	451.77%	398.67%	1,543.62%	0.00%	0.00%	0.00%
Other Non-Current Assets	538M	363M	286M	253M	226M	639M	691M	286M	63M	136M	165M	142M	165M	262M	309M	323M	189M	192M	130M	109M	72M	270M	138M	167M	74M	613M	445M	292M
Return on Other Non-Current Assets	614.18%	1,333.68%	687.58%	589.10%	507.95%	150.39%	86.98%	1,605.17%	4,496.74%	329.10%	48.48%	349.78%	-114.65%	-116.46%	40.23%	243.80%	297.73%	314.60%	380.45%	724.20%	-232.09%	191.88%	415.36%	269.86%	677.37%	114.28%	103.84%	92.49%
Other Assets	-25M	-15M	-8M	-5M	-4M	0M	-75M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-17M
Return on Other Assets	-266.53%	-159.92%	-79.96%	-53.31%	-39.98%	0.00%	-799.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,571.80%
Total Non-Current Assets	8,296M	7,802M	7,391M	7,852M	7,651M	8,430M	8,029M	8,429M	7,305M	6,819M	6,869M	5,943M	6,154M	7,856M	8,079M	8,272M	8,848M	9,522M	8,953M	8,265M	8,682M	8,161M	7,178M	6,149M	5,070M	3,543M	3,038M	2,590M
Return on Total Non-Current Assets	24.44%	23.70%	12.26%	10.67%	9.48%	11.39%	7.48%	54.46%	38.61%	6.57%	1.16%	8.38%	-3.08%	-3.88%	1.54%	9.53%	6.37%	6.34%	5.54%	9.57%	-1.91%	6.35%	7.99%	7.32%	9.94%	19.77%	15.22%	10.42%
Total Assets	13,806M	12,320M	10,857M	10,964M	10,545M	13,786M	12,906M	14,726M	11,361M	8,822M	8,709M	8,903M	9,939M	9,608M	9,811M	10,822M	11,734M	11,721M	11,105M	10,508M	10,449M	10,083M	10,068M	8,727M	7,103M	5,555M	4,600M	3,771M
Return on Total Assets	14.26%	14.54%	7.54%	6.98%	6.31%	6.97%	4.66%	31.17%	24.83%	5.08%	0.92%	5.60%	-1.91%	-3.17%	1.27%	7.28%	4.81%	5.15%	4.47%	7.53%	-1.59%	5.14%	5.70%	5.16%	7.09%	12.61%	10.05%	7.16%
Accounts Payable	1,043M	984M	901M	907M	893M	1,053M	1,006M	1,070M	981M	811M	875M	830M	825M	770M	788M	830M	846M	965M	1,008M	945M	935M	883M	969M	798M	677M	571M	459M	369M
Return on Accounts Payable	193.35%	184.56%	94.52%	86.83%	76.67%	91.21%	59.71%	429.13%	287.49%	55.28%	9.14%	60.01%	-22.95%	-39.56%	15.77%	95.04%	66.69%	62.58%	49.22%	83.71%	-17.76%	58.72%	59.17%	56.45%	74.39%	122.69%	100.69%	73.19%
Short-Term Debt	51M	69M	162M	170M	228M	83M	31M	40M	74M	119M	113M	249M	383M	317M	210M	222M	0M	0M	354M	354M	365M	352M	532M	414M	354M	405M	422M	470M
Return on Short-Term Debt	4,850.57%	3,750.66%	1,893.73%	1,310.38%	1,005.82%	1,161.41%	1,940.10%	11,450.20%	3,825.59%	375.99%	70.60%	199.81%	-49.45%	-96.23%	59.25%	355.17%	0.00%	0.00%	140.03%	223.20%	-45.46%	147.38%	107.77%	108.74%	142.29%	173.10%	109.65%	57.41%
Tax Payables	86M	74M	58M	67M	74M	98M	69M	89M	67M	48M	48M	50M	44M	33M	34M	50M	82M	78M	96M	121M	78M	160M	130M	110M	0M	62M	64M	53M
Return on Tax Payables	2,326.63%	2,429.19%	1,233.72%	1,103.54%	875.66%	983.74%	864.71%	5,131.46%	4,231.60%	934.43%	165.80%	1,002.85%	-427.30%	-914.62%	364.52%	1,587.03%	686.33%	772.38%	517.10%	653.13%	-213.50%	324.77%	440.77%	408.12%	0.00%	1,132.36%	727.09%	507.52%
Deferred Revenue	0M	0M	16M	39M	128M	0M	0M	0M	0M	0M	0M	50M	44M	33M	34M	50M	82M	78M	96M	121M	516M	449M	495M	110M	403M	111M	64M	53M
Return on Deferred Revenue	0.00%	0.00%	2.54%	282.76%	248.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,002.85%	-427.30%	-914.62%	364.52%	1,587.03%	686.33%	772.38%	517.10%	653.13%	-32.20%	115.43%	115.79%	408.12%	124.89%	628.77%	727.09%	507.52%
Other Current Liabilities	230M	213M	312M	364M	343M	272M	267M	152M	193M	183M	124M	435M	872M	355M	270M	214M	995M	626M	222M	283M	330M	375M	339M	183M	174M	117M	92M	54M
Return on Other Current Liabilities	1,201.28%	1,061.91%	542.70%	430.07%	362.17%	353.33%	224.82%	3,025.70%	1,461.07%	244.64%	64.59%	114.53%	-21.72%	-85.91%	45.99%	368.48%	56.66%	96.39%	223.30%	279.19%	-50.39%	138.30%	169.23%	246.25%	288.95%	599.49%	502.66%	500.82%
Total Current Liabilities	2,102M	1,957M	1,863M	1,868M	1,866M	2,189M	2,023M	2,094M	1,901M	1,580M	1,546M	1,793M	2,320M	1,687M	1,492M	1,509M	2,129M	1,908M	1,922M	1,928M	1,895M	1,965M	2,196M	1,734M	1,511M	1,289M	1,036M	946M
Return on Total Current Liabilities	97.59%	93.90%	48.45%	44.12%	38.24%	43.88%	29.70%	219.19%	148.37%	28.35%	5.18%	27.78%	-8.17%	-18.07%	8.33%	52.23%	26.48%	31.65%	25.82%	41.04%	-8.77%	26.37%	26.12%	25.98%	33.35%	54.34%	44.61%	28.53%
Long-Term Debt	654M	713M	1,226M	1,579M	1,826M	714M	655M	593M	678M	922M	1,172M	1,263M	2,370M	2,094M	1,793M	1,716M	2,000M	2,734M	2,495M	2,480M	2,971M	2,769M	2,681M	2,494M	1,929M	788M	906M	922M
Return on Long-Term Debt	333.31%	292.86%	149.49%	109.53%	86.08%	134.59%	91.68%	773.66%	415.81%	48.57%	6.83%	39.44%	-7.99%	-14.56%	6.93%	45.95%	28.19%	22.09%	19.89%	31.91%	-5.59%	18.72%	21.39%	18.06%	26.12%	88.96%	51.06%	29.27%
Capital Lease Obligations	1,754M	1,659M	1,103M	774M	580M	1,794M	1,642M	1,826M	1,659M	1,375M	1,348M	356M	432M	357M	237M	267M	312M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	113.84%	108.83%	61.31%	72.63%	54.47%	53.53%	36.58%	251.40%	170.05%	32.58%	5.93%	139.85%	-43.90%	-85.38%	52.49%	295.70%	180.64%	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	90M	87M	76M	95M	133M	131M	0M	139M	82M	83M	57M	58M	72M	95M	44M	110M	175M	219M	165M	0M	182M	161M	269M	350M	273M	59M	72M	53M
Return on Deferred Tax Liabilities	1,346.39%	1,606.48%	872.55%	689.32%	554.81%	732.49%	0.00%	3,306.68%	3,450.38%	542.86%	140.61%	851.88%	-261.39%	-320.50%	282.50%	715.41%	322.66%	275.25%	300.98%	0.00%	-91.35%	321.16%	213.31%	128.63%	184.61%	1,187.91%	646.30%	508.37%
Other Non-Current Liabilities	385M	360M	442M	552M	495M	271M	417M	467M	334M	312M	311M	305M	310M	782M	907M	960M	909M	660M	639M	690M	47M	532M	412M	346M	296M	132M	122M	135M
Return on Other Non-Current Liabilities	493.61%	493.98%	257.23%	200.02%	159.32%	353.94%	144.12%	982.77%	845.52%	143.58%	25.75%	163.10%	-61.20%	-38.97%	13.71%	82.16%	62.02%	91.47%	77.63%	114.74%	-350.96%	97.41%	139.29%	130.07%	170.26%	529.64%	380.24%	199.67%
Total Non-Current Liabilities	2,399M	2,376M	2,463M	2,698M	2,836M	2,488M	2,298M	2,409M	2,294M	2,391M	2,629M	1,861M	2,679M	2,876M	2,700M	2,675M	2,910M	3,613M	3,478M	3,169M	3,745M	3,463M	3,362M	3,190M	2,498M	979M	1,099M	1,110M
Return on Total Non-Current Liabilities	85.08%	79.39%	41.37%	34.57%	29.02%	38.60%	26.14%	190.50%	122.97%	18.74%	3.04%	26.77%	-7.07%	-10.60%	4.60%	29.47%	19.38%	16.71%	14.26%	24.97%	-4.44%	14.97%	17.06%	14.12%	20.17%	71.58%	42.08%	24.30%
Total Liabilities	4,475M	4,318M	4,318M	4,561M	4,699M	4,677M	4,246M	4,503M	4,195M	3,971M	4,176M	3,654M	4,999M	4,563M	4,192M	4,185M	5,039M	5,521M	5,400M	5,097M	5,640M	5,428M	5,558M	4,924M	4,009M	2,268M	2,135M	2,056M
Return on Total Liabilities	45.53%	43.03%	22.32%	19.26%	16.37%	20.53%	14.15%	101.92%	67.24%	11.28%	1.92%	13.63%	-3.79%	-6.68%	2.97%	18.84%	11.19%	10.94%	9.19%	15.52%	-2.95%	9.55%	10.32%	9.15%	12.57%	30.89%	21.66%	13.12%
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
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%
Common Stock	495M	522M	560M	448M	367M	451M	501M	533M	552M	571M	593M	593M	593M	593M	614M	626M	128M	122M	121M	123M	133M	129M	135M	122M	110M	126M	117M	98M
Return on Common Stock	397.87%	356.56%	181.72%	262.01%	272.94%	212.86%	119.96%	860.79%	510.73%	78.47%	13.49%	83.97%	-31.93%	-51.38%	20.25%	125.85%	440.90%	493.02%	411.35%	641.83%	-124.86%	401.23%	424.43%	368.20%	459.65%	556.39%	395.63%	276.39%
Retained Earnings	8,843M	7,459M	5,972M	5,176M	4,083M	8,692M	8,146M	9,691M	6,569M	4,197M	3,948M	4,678M	4,255M	4,508M	5,041M	5,968M	5,966M	5,851M	0M	123M	0M	0M	4,025M	0M	0M	0M	0M	0M
Return on Retained Earnings	21.93%	23.88%	12.33%	53.21%	40.62%	11.05%	7.38%	47.36%	42.94%	10.67%	2.03%	10.65%	-4.45%	-6.76%	2.47%	13.21%	9.45%	10.32%	0.00%	641.83%	0.00%	0.00%	14.25%	0.00%	0.00%	0.00%	0.00%	0.00%
Accumulated OCI	-171M	-143M	-2,253M	-3,086M	-2,315M	-195M	-154M	-165M	-125M	-75M	-125M	-3,568M	-3,200M	-7,838M	-7,081M	-6,291M	-5,875M	-6,055M	-5,549M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accumulated OCI	-1,223.67%	-1,306.03%	-660.03%	-442.75%	-332.06%	-491.47%	-390.80%	-2,788.73%	-2,265.40%	-593.75%	-64.19%	-13.96%	5.92%	3.89%	-1.76%	-12.53%	-9.60%	-9.97%	-8.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Minority Interest	164M	164M	142M	202M	204M	162M	167M	164M	170M	158M	116M	121M	128M	131M	102M	107M	423M	383M	378M	320M	305M	260M	262M	213M	17M	14M	14M	17M
Return on Minority Interest	1,252.83%	1,140.73%	592.41%	488.54%	544.39%	593.11%	360.57%	2,804.80%	1,661.30%	283.86%	68.88%	411.02%	-147.67%	-233.05%	121.32%	734.26%	133.43%	157.69%	131.25%	247.37%	-54.41%	199.23%	219.07%	211.11%	2,984.64%	4,991.63%	3,269.17%	1,571.80%
Total Shareholders’ Equity	9,167M	7,838M	6,398M	6,201M	5,641M	8,947M	8,494M	10,059M	6,997M	4,692M	4,417M	5,128M	4,812M	4,914M	5,516M	6,530M	6,273M	5,818M	5,327M	5,091M	4,503M	4,395M	4,248M	3,590M	3,060M	3,259M	2,437M	1,698M
Return on Total Shareholders’ Equity	21.15%	22.66%	11.69%	11.55%	11.19%	10.73%	7.07%	45.63%	40.31%	9.55%	1.81%	9.71%	-3.94%	-6.20%	2.25%	12.07%	8.99%	10.38%	9.31%	15.54%	-3.69%	11.79%	13.50%	12.54%	16.46%	21.50%	18.98%	15.89%
Total Equity	9,331M	8,002M	6,539M	6,403M	5,845M	9,109M	8,660M	10,223M	7,166M	4,850M	4,533M	5,249M	4,940M	5,045M	5,618M	6,638M	6,695M	6,201M	5,705M	5,411M	4,809M	4,655M	4,510M	3,803M	3,077M	3,273M	2,451M	1,715M
Return on Total Equity	20.79%	22.19%	11.46%	11.19%	10.83%	10.54%	6.94%	44.90%	39.36%	9.24%	1.77%	9.49%	-3.83%	-6.04%	2.21%	11.88%	8.42%	9.74%	8.70%	14.62%	-3.46%	11.14%	12.72%	11.84%	16.37%	21.41%	18.87%	15.73%
Total Liabilities & Equity	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Liabilities & Equity	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	348M	368M	398M	569M	658M	331M	338M	376M	431M	364M	349M	334M	375M	534M	546M	547M	1,337M	1,002M	904M	768M	931M	822M	1,114M	1,189M	576M	727M	473M	326M
Return on Total Investments	562.47%	493.08%	255.26%	197.13%	158.96%	290.35%	177.93%	1,219.12%	655.06%	122.95%	22.94%	148.99%	-50.48%	-57.03%	22.78%	144.11%	42.17%	60.26%	54.88%	102.98%	-17.84%	63.09%	51.50%	37.88%	87.51%	96.39%	97.74%	82.71%
Net Debt	1,237M	1,151M	1,461M	1,701M	1,894M	1,557M	1,275M	878M	551M	1,495M	1,884M	1,420M	2,412M	1,765M	1,373M	1,386M	1,966M	2,732M	2,653M	2,164M	3,084M	2,720M	2,508M	2,271M	1,780M	835M	928M	1,096M
Return on Net Debt	210.50%	234.73%	119.69%	90.66%	72.23%	61.69%	47.11%	522.70%	512.19%	29.97%	4.25%	35.08%	-7.85%	-17.27%	9.06%	56.87%	28.68%	22.10%	18.70%	36.56%	-5.39%	19.06%	22.86%	19.83%	28.31%	83.94%	49.81%	24.62%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	2,050M	1,884M	963M	858M	738M	960M	601M	4,590M	2,820M	448M	80M	498M	-189M	-305M	124M	788M	564M	604M	496M	791M	-166M	518M	574M	450M	504M	701M	462M	270M
Working Capital	3,433M	2,575M	1,611M	1,250M	1,032M	3,167M	2,929M	4,204M	2,155M	422M	293M	1,167M	1,466M	64M	240M	1,041M	757M	292M	231M	315M	-129M	-43M	694M	844M	522M	723M	526M	253M
Return on Working Capital	53.34%	79.43%	3.31%	57.09%	1.11%	30.32%	20.51%	109.18%	130.88%	106.26%	27.29%	42.70%	-12.92%	-472.93%	51.80%	75.72%	74.49%	207.02%	215.22%	250.80%	129.18%	-1,195.80%	82.63%	53.33%	96.50%	96.94%	87.92%	106.86%
Total Capital	11,626M	10,279M	8,785M	8,683M	8,245M	11,538M	10,822M	12,518M	9,407M	7,109M	7,051M	6,996M	7,565M	7,324M	7,519M	8,468M	8,752M	8,912M	8,339M	7,925M	7,840M	7,516M	7,461M	6,498M	5,344M	4,574M	3,779M	3,090M
Return on Total Capital	16.85%	17.36%	9.01%	8.57%	7.87%	8.32%	5.55%	36.67%	29.98%	6.30%	1.13%	7.12%	-2.50%	-4.16%	1.65%	9.31%	6.44%	6.78%	5.95%	9.98%	-2.12%	6.90%	7.69%	6.93%	9.43%	15.32%	12.24%	8.73%
Capital Employed	11,704M	10,363M	8,995M	9,096M	8,678M	11,597M	10,883M	12,632M	9,460M	7,241M	7,163M	7,110M	7,619M	7,921M	8,319M	9,313M	9,605M	9,814M	9,183M	8,580M	8,553M	8,118M	7,872M	6,993M	5,592M	4,266M	3,564M	2,826M
Return on Capital Employed	16.71%	17.23%	8.94%	8.30%	7.59%	8.28%	5.52%	36.33%	29.81%	6.19%	1.12%	7.01%	-2.49%	-3.85%	1.49%	8.47%	5.87%	6.15%	5.40%	9.22%	-1.94%	6.39%	7.29%	6.44%	9.01%	16.42%	12.97%	9.55%
Invested Capital	10,403M	8,989M	7,859M	7,902M	7,534M	10,504M	9,769M	10,938M	7,547M	6,187M	6,301M	6,548M	7,223M	6,679M	6,889M	7,917M	8,239M	8,550M	7,980M	7,255M	7,587M	7,114M	6,757M	5,861M	4,840M	4,094M	3,365M	2,794M
Return on Invested Capital	19.09%	20.37%	10.54%	9.76%	8.90%	9.14%	6.15%	41.97%	37.37%	7.24%	1.27%	7.61%	-2.62%	-4.56%	1.81%	9.96%	6.84%	7.06%	6.22%	10.91%	-2.19%	7.29%	8.49%	7.68%	10.41%	17.11%	13.74%	9.66%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	2,050M	1,884M	963M	858M	738M	1,082M	167M	960M	601M	4,590M	2,820M	448M	80M	498M	-189M	-305M	124M	788M	564M	604M	496M	791M	-166M	518M	574M	450M	504M	701M	462M	270M
Depreciation & Amortization	975M	883M	848M	863M	821M	0M	910M	971M	981M	972M	777M	714M	674M	523M	474M	1,142M	1,249M	1,102M	757M	863M	793M	948M	918M	767M	806M	546M	443M	0M	0M	0M
Return on Depreciation & Amortization	210.72%	211.56%	110.83%	98.03%	89.36%	0.00%	18.32%	98.88%	61.27%	472.00%	362.90%	62.76%	11.87%	95.31%	-39.97%	-26.69%	9.96%	71.56%	74.53%	69.97%	62.59%	83.42%	-18.11%	67.60%	71.18%	82.43%	113.80%	0.00%	0.00%	0.00%
Deferred Income Tax	-1M	-2M	-1M	-1M	-1M	0M	-237M	0M	0M	-4M	-3M	-2M	-2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	-37,433.33%	-48,750.05%	-24,884.03%	-16,589.35%	-12,442.01%	0.00%	-70.29%	0.00%	0.00%	-112,300.00%	-105,541.18%	-25,909.09%	-5,090.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	2M	2M	2M	1M	1M	0M	1M	0M	1M	4M	3M	2M	2M	2M	2M	-2M	2M	3M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	58,666.67%	61,490.05%	34,888.48%	33,030.04%	24,772.53%	0.00%	17,666.67%	0.00%	63,700.00%	112,300.00%	105,541.18%	25,909.09%	5,090.00%	22,635.71%	-10,954.55%	19,390.00%	5,273.33%	26,394.74%	59,790.21%	60,380.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-73M	-93M	-63M	-47M	-41M	39M	-241M	-49M	89M	-259M	-235M	-13M	86M	-50M	-64M	-176M	44M	20M	95M	-97M	-14M	-85M	51M	9M	79M	-148M	-95M	-19M	-34M	-4M
Return on Change in Working Capital	-1,021.37%	-1,556.55%	-793.88%	-565.91%	-146.10%	2,775.00%	-69.19%	-1,964.31%	674.07%	-1,773.88%	-1,200.13%	-3,518.52%	93.22%	-996.54%	294.62%	173.13%	279.51%	4,012.00%	591.09%	-619.58%	-3,602.19%	-931.19%	-324.41%	5,999.32%	725.99%	-303.39%	-530.90%	-3,780.37%	-1,360.88%	-7,232.14%
Accounts Receivable	5M	-61M	-39M	-23M	-17M	0M	294M	-119M	294M	-160M	-300M	-18M	31M	-4M	-63M	-107M	56M	53M	69M	-70M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	-1,158.00%	-1,378.42%	-1,849.80%	-1,136.36%	-852.27%	0.00%	56.68%	-810.21%	204.39%	-2,868.17%	-939.86%	-2,478.26%	261.03%	-12,676.00%	300.50%	285.15%	223.45%	1,492.56%	820.92%	-860.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	0M	0M	0M	-5M	-10M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	16M	34M	-76M	-55M	0M	-41M	46M	-65M	-23M	-31M	-3M	5M	-13M
Return on Inventory	0.00%	0.00%	0.00%	329.00%	100.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4,965.35%	1,663.69%	-789.83%	-904.15%	0.00%	401.54%	1,133.55%	-885.52%	-1,940.77%	-1,625.58%	-26,585.87%	9,153.68%	-2,031.77%
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
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%
Other Working Capital	-78M	-33M	-16M	-5M	-3M	39M	-535M	70M	-205M	-99M	65M	5M	55M	-43M	-1M	9M	-11M	4M	62M	-21M	41M	0M	93M	-37M	144M	-125M	-64M	-16M	-39M	10M
Return on Other Working Capital	-1,187.89%	1,830.50%	1,863.11%	2,585.10%	1,822.52%	2,775.00%	-31.16%	1,379.01%	-293.32%	-4,649.36%	4,333.82%	8,382.35%	145.01%	-1,152.36%	15,062.50%	-3,462.50%	-1,114.08%	20,895.83%	916.84%	-2,874.40%	1,207.14%	0.00%	-179.44%	-1,397.62%	398.93%	-359.61%	-788.37%	-4,407.03%	-1,184.74%	2,825.58%
Other Non-Cash Items	-156M	-154M	-162M	-325M	-446M	881M	342M	-151M	-173M	-145M	-173M	-129M	-100M	-64M	-102M	-250M	-335M	-674M	-595M	-840M	-208M	-939M	-820M	-1,279M	-1,133M	-787M	-21M	155M	271M	285M
Return on Other Non-Cash Items	-1,381.49%	-1,224.50%	-670.73%	-487.57%	-494.40%	122.74%	48.71%	-637.68%	-346.82%	-3,159.96%	-1,629.61%	-348.41%	-79.66%	-774.82%	185.10%	121.72%	-37.17%	-116.93%	-94.81%	-71.85%	-238.44%	-84.30%	20.27%	-40.54%	-50.63%	-57.24%	-2,446.25%	453.36%	170.76%	94.64%
Net Cash from Operating Activities	2,910M	2,684M	1,720M	1,595M	1,435M	2,093M	672M	1,793M	1,516M	5,420M	3,462M	1,231M	930M	507M	408M	680M	1,253M	1,377M	1,456M	1,232M	1,067M	1,598M	760M	1,278M	1,221M	674M	831M	837M	699M	551M
Return on Net Cash from Operating Activities	59.29%	59.15%	32.13%	37.49%	37.77%	51.70%	24.81%	53.55%	39.63%	84.69%	81.47%	36.41%	8.60%	98.26%	-46.42%	-44.82%	9.93%	57.24%	38.72%	49.03%	46.50%	49.52%	-21.87%	40.54%	46.99%	66.83%	60.63%	83.74%	66.13%	48.95%
Capital Expenditures (PPE)	-629M	-513M	-571M	-762M	-902M	-828M	-578M	-660M	-573M	-654M	-468M	-208M	-320M	-452M	-566M	-687M	-1,121M	-1,358M	-1,024M	-1,313M	-1,154M	-868M	-1,344M	-1,700M	-1,702M	-1,144M	-732M	-651M	-530M	-477M
Return on Capital Expenditures (PPE)	-317.20%	-354.02%	-183.86%	-142.12%	-114.59%	-130.66%	-28.80%	-145.42%	-104.83%	-701.37%	-602.89%	-215.58%	-25.01%	-110.19%	33.48%	44.34%	-11.09%	-58.05%	-55.10%	-46.01%	-43.00%	-91.14%	12.36%	-30.49%	-33.69%	-39.37%	-68.82%	-107.67%	-87.25%	-56.55%
Acquisitions (Net)	-177M	-144M	-62M	-39M	-87M	-110M	90M	8M	184M	-723M	-128M	-63M	-6M	-5M	-603M	-109M	826M	150M	1M	89M	-177M	-31M	-26M	-56M	-95M	-79M	-892M	59M	5M	-9M
Return on Acquisitions (Net)	3,739.12%	1,659.41%	-231.96%	2,888.09%	2,090.73%	-987.37%	184.67%	11,526.42%	325.83%	-634.88%	-2,209.61%	-710.72%	-1,339.47%	-9,603.03%	31.41%	279.39%	15.06%	524.03%	47,273.18%	681.33%	-279.58%	-2,558.02%	645.76%	-918.65%	-606.57%	-570.73%	-56.50%	1,180.45%	9,350.54%	-3,052.76%
Purchases of Investments	-708M	-542M	-149M	-59M	-112M	-665M	-405M	0M	0M	-2,125M	-794M	208M	-24M	-1M	566M	687M	-7M	-15M	-4M	-79M	-168M	868M	67M	-112M	-307M	-522M	-479M	-31M	-15M	-16M
Return on Purchases of Investments	-72.00%	-71.15%	-8,178.90%	-6,756.56%	-5,121.84%	-162.73%	-41.12%	0.00%	0.00%	-215.99%	-355.36%	215.58%	-332.68%	-79,225.00%	-33.48%	-44.34%	-1,797.73%	-5,223.96%	-13,366.90%	-764.21%	-295.43%	91.14%	-246.92%	-463.43%	-186.64%	-86.25%	-105.21%	-2,233.70%	-3,045.88%	-1,718.53%
Sales / Maturities of Investments	2M	4M	127M	349M	365M	358M	322M	0M	0M	5M	1M	14M	411M	546M	136M	153M	7M	1,358M	53M	1,313M	1,154M	88M	87M	293M	447M	553M	682M	651M	530M	477M
Return on Sales / Maturities of Investments	31,395.70%	64,347.59%	32,322.95%	21,688.55%	16,279.87%	301.84%	51.71%	0.00%	0.00%	94,187.10%	224,275.00%	3,275.86%	19.45%	91.27%	-139.31%	-199.49%	1,719.57%	58.05%	1,056.24%	46.01%	43.00%	895.43%	-191.72%	177.05%	128.44%	81.49%	73.89%	107.67%	87.25%	56.55%
Other Investing Activities	178M	100M	-38M	-282M	-165M	89M	414M	-594M	1,030M	99M	77M	-112M	76M	66M	-497M	-610M	81M	-1,120M	171M	-1,031M	-1,092M	-774M	26M	215M	294M	308M	84M	-555M	-431M	-378M
Return on Other Investing Activities	1,510.40%	1,562.80%	891.59%	597.94%	475.29%	1,222.38%	40.27%	-161.74%	58.35%	4,634.60%	3,684.19%	-401.41%	105.38%	754.52%	38.08%	49.99%	153.89%	-70.40%	329.79%	-58.60%	-45.43%	-102.19%	-645.76%	240.82%	194.92%	146.43%	600.30%	-126.31%	-107.24%	-71.35%
Net Cash from Investing Activities	-1,334M	-1,095M	-693M	-793M	-901M	-1,155M	-361M	-1,246M	641M	-3,399M	-1,311M	-161M	137M	154M	-964M	-566M	-214M	-985M	-802M	-1,021M	-1,437M	-717M	-1,191M	-1,360M	-1,363M	-885M	-1,337M	-527M	-441M	-403M
Return on Net Cash from Investing Activities	-39.47%	-122.36%	-21.45%	-37.92%	-36.18%	-93.63%	-46.15%	-77.09%	93.75%	-135.06%	-215.08%	-278.32%	58.24%	323.70%	19.64%	53.85%	-58.08%	-80.07%	-70.30%	-59.15%	-34.51%	-110.37%	13.96%	-38.10%	-42.07%	-50.91%	-37.68%	-133.02%	-104.75%	-67.00%
Net Debt Issuance	49M	-90M	-89M	-123M	-26M	-127M	342M	230M	29M	-113M	-304M	-292M	-229M	-789M	129M	257M	196M	-454M	-249M	-52M	193M	-403M	136M	-93M	271M	399M	614M	48M	-51M	-117M
Return on Net Debt Issuance	-529.48%	-533.88%	-296.91%	-297.26%	-236.63%	-848.58%	48.69%	417.85%	2,065.95%	-4,072.25%	-927.71%	-153.23%	-34.96%	-63.10%	-146.59%	-118.45%	63.43%	-173.65%	-226.34%	-1,150.37%	256.71%	-196.25%	-122.28%	-557.81%	211.47%	112.96%	82.01%	1,449.85%	-911.05%	-230.07%
Long-Term Debt Issuance	49M	-90M	-89M	-123M	-26M	-127M	342M	230M	29M	-113M	-304M	-292M	-229M	-789M	129M	257M	196M	-454M	-249M	-52M	193M	-403M	136M	-93M	271M	399M	614M	48M	-51M	-117M
Return on Long-Term Debt Issuance	-529.48%	-533.88%	-296.91%	-297.26%	-236.63%	-848.58%	48.69%	417.85%	2,065.95%	-4,072.25%	-927.71%	-153.23%	-34.96%	-63.10%	-146.59%	-118.45%	63.43%	-173.65%	-226.34%	-1,150.37%	256.71%	-196.25%	-122.28%	-557.81%	211.47%	112.96%	82.01%	1,449.85%	-911.05%	-230.07%
Short-Term Debt 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
Return on Short-Term Debt 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%
Net Stock Issuance	-333M	-285M	-174M	-122M	-79M	-149M	-307M	-86M	-487M	-426M	-304M	-122M	-124M	0M	2M	-74M	-119M	-94M	2M	0M	0M	0M	248M	0M	0M	0M	0M	0M	0M	0M
Return on Net Stock Issuance	-772.96%	-722.77%	-1,198.03%	853.51%	636.77%	-727.48%	-54.28%	-1,116.82%	-123.45%	-1,078.61%	-927.71%	-367.27%	-64.35%	0.00%	-8,607.14%	409.94%	-104.91%	-841.44%	25,624.37%	0.00%	0.00%	0.00%	-67.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Issuance	3M	4M	2M	2M	14M	0M	0M	1M	4M	5M	3M	5M	0M	0M	2M	0M	4M	7M	2M	0M	0M	0M	248M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Issuance	59,329.96%	53,808.88%	16,652.96%	13,553.23%	10,161.56%	0.00%	0.00%	67,877.78%	15,925.00%	94,187.10%	81,554.55%	9,500.00%	0.00%	0.00%	-8,607.14%	-96,950.00%	3,042.31%	11,144.44%	25,624.37%	0.00%	0.00%	0.00%	-67.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Repurchased	-336M	-288M	-176M	-124M	-93M	-150M	-311M	-87M	-490M	-430M	-307M	-127M	-124M	0M	0M	-75M	-123M	-101M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	-762.55%	-711.70%	-331.61%	-273.23%	-204.92%	-720.63%	-53.62%	-1,098.74%	-122.50%	-1,066.40%	-917.28%	-353.60%	-64.35%	0.00%	0.00%	408.21%	-101.41%	-782.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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
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%
Net Dividends Paid	-999M	-645M	-456M	-345M	-276M	-400M	-210M	-210M	-1,710M	-1,076M	-160M	-68M	-74M	-81M	-71M	-150M	-965M	-178M	-152M	-122M	-120M	-40M	-81M	-79M	-70M	-63M	-46M	0M	-23M	-15M
Return on Net Dividends Paid	-306.62%	-669.37%	-361.24%	-488.31%	-520.48%	-270.20%	-79.52%	-458.29%	-35.14%	-426.43%	-1,764.21%	-662.79%	-108.53%	-612.96%	265.42%	203.46%	-12.88%	-443.41%	-369.81%	-496.40%	-414.27%	-1,988.37%	205.20%	-659.36%	-824.48%	-715.25%	-1,091.04%	0.00%	-1,978.61%	-1,843.70%
Common Dividends Paid	-999M	-645M	-456M	-345M	-275M	-400M	-210M	-210M	-1,710M	-1,076M	-160M	-68M	-74M	-81M	-71M	-150M	-965M	-178M	-144M	-122M	-120M	-40M	-81M	-79M	-70M	-63M	-46M	-35M	-23M	-15M
Return on Common Dividends Paid	-306.62%	-669.37%	-361.24%	-489.68%	-521.51%	-270.20%	-79.52%	-458.29%	-35.14%	-426.43%	-1,764.21%	-662.79%	-108.53%	-612.96%	265.42%	203.46%	-12.88%	-443.41%	-390.36%	-496.40%	-414.27%	-1,988.37%	205.20%	-659.36%	-824.48%	-715.25%	-1,091.04%	-1,980.49%	-1,978.61%	-1,843.70%
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
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%
Other Financing Activities	-522M	-488M	-298M	-207M	-159M	-542M	-481M	-484M	-474M	-607M	-474M	-401M	-328M	-174M	-9M	-12M	-14M	-11M	-40M	-48M	-14M	-15M	-13M	-16M	-3M	-21M	-13M	-21M	-17M	6M
Return on Other Financing Activities	-360.17%	-357.45%	163.59%	-1,125.38%	-2,205.18%	-199.48%	-34.62%	-198.22%	-126.64%	-755.64%	-595.09%	-111.68%	-24.42%	-285.75%	2,114.04%	2,518.18%	-898.86%	-7,063.38%	-1,426.11%	-1,252.77%	-3,470.83%	-5,303.57%	1,288.50%	-3,309.19%	-19,235.05%	-2,190.26%	-3,776.82%	-3,274.30%	-2,688.10%	4,709.30%
Net Cash from Financing Activities	-1,805M	-1,508M	-1,021M	-800M	-541M	-1,219M	-656M	-550M	-2,642M	-2,222M	-1,242M	-883M	-755M	-1,045M	51M	-23M	-902M	-737M	-431M	-218M	59M	-458M	290M	-187M	199M	315M	555M	-8M	-91M	-126M
Return on Net Cash from Financing Activities	-134.62%	-136.34%	22.20%	24.80%	28.01%	-88.75%	-25.41%	-174.54%	-22.74%	-206.57%	-227.11%	-50.73%	-10.60%	-47.67%	-370.77%	1,346.53%	-13.79%	-107.02%	-130.85%	-277.25%	837.95%	-172.80%	-57.39%	-276.89%	288.69%	142.90%	90.81%	-8,291.19%	-506.32%	-213.83%
Effect of FX on Cash	-34M	-25M	-24M	-18M	-17M	-7M	-33M	-27M	-35M	-39M	-12M	-13M	-2M	-15M	24M	-79M	-44M	-43M	-21M	4M	12M	14M	-6M	-6M	-53M	-46M	49M	-17M	-13M	1M
Return on Effect of FX on Cash	-5,677.85%	-8,661.49%	-5,156.10%	-2,049.44%	-1,854.09%	-16,385.71%	-512.08%	-3,593.53%	-1,713.90%	-11,726.10%	-22,711.39%	-3,562.50%	-4,241.67%	-3,335.79%	-782.47%	387.80%	-281.49%	-1,837.00%	-2,658.71%	15,262.68%	4,234.89%	5,817.53%	2,873.82%	-8,203.72%	-1,074.15%	-973.30%	1,037.27%	-4,090.13%	-3,585.98%	35,735.30%
Net Change in Cash	-266M	53M	40M	48M	24M	-288M	-395M	-29M	-527M	-240M	892M	171M	253M	78M	-302M	10M	93M	7M	184M	-3M	-296M	434M	-163M	-275M	2M	91M	97M	284M	154M	23M
Return on Net Change in Cash	-1,763.88%	-942.63%	-697.44%	-956.69%	480.41%	-375.25%	-42.18%	-3,266.84%	-113.92%	-1,910.86%	316.27%	262.19%	31.63%	637.63%	62.83%	-3,127.42%	134.07%	10,670.21%	306.10%	-18,366.95%	-167.56%	182.30%	101.78%	-188.22%	23,034.57%	493.33%	517.04%	246.41%	301.11%	1,169.39%
Cash at Beginning of Period	1,485M	1,225M	878M	725M	682M	4,390M	5,040M	1,058M	1,578M	1,818M	922M	748M	495M	357M	641M	628M	535M	528M	313M	366M	656M	236M	416M	679M	708M	549M	418M	845M	630M	503M
Return on Cash at Beginning of Period	127.11%	149.44%	84.82%	116.90%	103.67%	24.64%	3.31%	90.77%	38.08%	252.47%	305.97%	59.90%	16.16%	139.73%	-29.56%	-48.52%	23.22%	149.34%	180.16%	165.08%	75.59%	335.13%	-39.95%	76.32%	81.01%	81.95%	120.43%	82.96%	73.37%	53.60%
Cash at End of Period	1,219M	1,278M	918M	774M	706M	4,102M	4,655M	1,029M	1,051M	1,578M	1,814M	919M	748M	435M	339M	638M	628M	535M	497M	363M	360M	670M	253M	404M	710M	641M	516M	1,129M	784M	527M
Return on Cash at End of Period	147.15%	129.15%	68.72%	91.35%	84.08%	26.38%	3.58%	93.37%	57.19%	290.90%	155.52%	48.76%	10.70%	114.61%	-55.81%	-47.78%	19.79%	147.28%	113.41%	166.57%	137.73%	118.07%	-65.75%	128.36%	80.73%	70.28%	97.68%	62.07%	58.99%	51.25%
Operating Cash Flow	2,910M	2,684M	1,720M	1,595M	1,435M	2,093M	672M	1,793M	1,516M	5,420M	3,462M	1,231M	930M	507M	408M	680M	1,253M	1,377M	1,456M	1,232M	1,067M	1,598M	760M	1,278M	1,221M	674M	831M	837M	699M	551M
Return on Operating Cash Flow	59.29%	59.15%	32.13%	37.49%	37.77%	51.70%	24.81%	53.55%	39.63%	84.69%	81.47%	36.41%	8.60%	98.26%	-46.42%	-44.82%	9.93%	57.24%	38.72%	49.03%	46.50%	49.52%	-21.87%	40.54%	46.99%	66.83%	60.63%	83.74%	66.13%	48.95%
Capital Expenditure	-629M	-513M	-571M	-762M	-902M	-828M	-578M	-660M	-573M	-654M	-468M	-208M	-320M	-452M	-566M	-687M	-1,121M	-1,358M	-1,024M	-1,313M	-1,154M	-868M	-1,344M	-1,700M	-1,702M	-1,144M	-732M	-651M	-530M	-477M
Return on Capital Expenditure	-317.20%	-354.02%	-183.86%	-142.12%	-114.59%	-130.66%	-28.80%	-145.42%	-104.83%	-701.37%	-602.89%	-215.58%	-25.01%	-110.19%	33.48%	44.34%	-11.09%	-58.05%	-55.10%	-46.01%	-43.00%	-91.14%	12.36%	-30.49%	-33.69%	-39.37%	-68.82%	-107.67%	-87.25%	-56.55%
Free Cash Flow	2,280M	2,172M	1,149M	834M	532M	1,265M	93M	1,133M	943M	4,765M	2,994M	1,023M	611M	55M	-158M	-7M	132M	19M	433M	-81M	-87M	730M	-585M	-422M	-482M	-470M	99M	186M	169M	74M
Return on Free Cash Flow	81.61%	76.57%	564.41%	578.51%	443.87%	85.54%	179.05%	84.76%	63.73%	96.32%	94.20%	43.81%	13.11%	908.02%	120.14%	4,125.53%	94.50%	4,110.66%	130.27%	-745.80%	-570.08%	108.46%	28.41%	-122.95%	-119.06%	-95.84%	509.22%	376.81%	273.24%	364.32%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y 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
Net Income	2,164M	2,048M	1,097M	1,105M	1,100M	1,172M	153M	1,022M	618M	4,851M	3,093M	658M	271M	99M	101M	-36M	294M	930M	1,199M	1,307M	496M	1,673M	610M	1,782M	1,469M	1,063M	504M	701M	462M	270M
EBITDA	3,260M	2,999M	1,921M	2,013M	1,993M	1,942M	-2,528M	2,184M	1,788M	5,810M	3,849M	1,364M	975M	677M	576M	429M	1,555M	2,033M	1,885M	2,062M	2,302M	2,705M	1,662M	2,618M	2,347M	1,684M	1,362M	1,440M	775M	528M
Return on EBITDA	54.96%	58.69%	36.40%	41.34%	44.38%	60.35%	-6.07%	46.79%	34.60%	83.50%	80.36%	48.23%	27.81%	14.56%	17.49%	-8.28%	18.90%	45.75%	63.61%	63.35%	21.56%	61.84%	36.72%	68.04%	62.58%	63.11%	36.98%	48.66%	59.63%	51.09%
(-) Tax Adjustment	183M	172M	467M	696M	863M	162M	-681M	187M	186M	175M	143M	168M	462M	1,098M	1,152M	537M	561M	1,138M	922M	928M	1,480M	1,302M	2,274M	1,749M	1,317M	933M	545M	393M	269M	216M
Return on (-) Tax Adjustment	1,217.49%	1,240.76%	632.60%	456.04%	364.36%	724.94%	-22.53%	546.05%	332.40%	2,774.02%	2,159.49%	391.85%	58.72%	8.98%	8.74%	-6.62%	52.40%	81.76%	130.08%	140.74%	33.52%	128.50%	26.84%	101.85%	111.52%	113.92%	92.37%	178.25%	171.99%	124.96%
(-) Change In Working Capital	-73M	-93M	-63M	-47M	-41M	39M	-241M	-49M	89M	-259M	-235M	-13M	86M	-50M	-64M	-176M	44M	20M	95M	-97M	-14M	-85M	51M	9M	79M	-148M	-95M	-19M	-34M	-4M
Return on (-) Change In Working Capital	-1,090.24%	-1,950.92%	-911.16%	-668.83%	619.65%	3,006.85%	-63.71%	-2,089.71%	693.83%	-1,874.85%	-1,315.99%	-5,167.90%	315.93%	-197.17%	-156.72%	20.18%	660.78%	4,733.60%	1,256.91%	-1,340.57%	-3,602.19%	-1,968.61%	1,191.90%	20,621.43%	1,858.95%	-715.91%	-530.90%	-3,780.37%	-1,360.88%	-7,232.14%
(-) Capital Expenditure	-629M	-513M	-571M	-762M	-902M	-828M	-578M	-660M	-573M	-654M	-468M	-208M	-320M	-452M	-566M	-687M	-1,121M	-1,358M	-1,024M	-1,313M	-1,154M	-868M	-1,344M	-1,700M	-1,702M	-1,144M	-732M	-651M	-530M	-477M
Return on (-) Capital Expenditure	-334.63%	-396.32%	-212.71%	-176.53%	-152.31%	-141.58%	-26.52%	-154.70%	-107.90%	-741.29%	-661.09%	-316.64%	-84.77%	-21.80%	-17.81%	5.17%	-26.22%	-68.49%	-117.16%	-99.54%	-43.00%	-192.68%	-45.40%	-104.80%	-86.27%	-92.91%	-68.82%	-107.67%	-87.25%	-56.55%
Unlevered Free Cash Flow	2,521M	2,407M	945M	602M	269M	914M	-2,184M	1,385M	939M	5,239M	3,473M	1,001M	107M	-823M	-1,078M	-619M	-172M	-482M	-155M	-81M	-319M	620M	-2,008M	-840M	-751M	-244M	180M	415M	11M	-161M
Return on Unlevered Free Cash Flow	77.40%	77.39%	45.24%	-134.01%	-130.13%	128.28%	-7.02%	73.76%	65.85%	92.60%	89.06%	65.71%	252.36%	-11.98%	-9.35%	5.74%	-171.32%	-192.82%	-771.21%	-1,612.68%	-155.65%	269.85%	-30.40%	-212.22%	-195.46%	-434.90%	280.51%	168.98%	4,370.06%	-167.35%
(-) Net Interest Income After Taxes	14M	-36M	-12M	-26M	-26M	-14M	32M	31M	61M	-50M	-114M	-106M	-71M	71M	83M	21M	-43M	-36M	-55M	-61M	-45M	-77M	59M	-76M	-55M	-28M	-32M	3M	-6M	-22M
Return on (-) Net Interest Income After Taxes	-1,761.95%	-1,721.91%	-957.73%	-1,316.59%	-1,458.07%	-8,330.45%	475.41%	3,337.10%	1,018.80%	-9,641.75%	-2,702.97%	-620.74%	-382.40%	138.31%	120.72%	-165.68%	-678.72%	-2,573.81%	-2,169.12%	-2,133.59%	-1,110.22%	-2,184.86%	1,040.44%	-2,339.29%	-2,689.86%	-3,834.96%	-1,588.82%	26,079.85%	-7,415.60%	-1,251.77%
Net Debt Issuance	49M	-90M	-89M	-123M	-26M	-127M	342M	230M	29M	-113M	-304M	-292M	-229M	-789M	129M	257M	196M	-454M	-249M	-52M	193M	-403M	136M	-93M	271M	399M	614M	48M	-51M	-117M
Return on Net Debt Issuance	-577.68%	-595.07%	-289.22%	-415.04%	-340.18%	-919.48%	44.83%	444.53%	2,126.49%	-4,304.04%	-1,017.27%	-225.05%	-118.48%	-12.49%	77.98%	-13.81%	149.96%	-204.88%	-481.28%	-2,489.01%	256.71%	-414.89%	449.25%	-1,917.36%	541.48%	266.55%	82.01%	1,449.85%	-911.05%	-230.07%
Levered Free Cash Flow	2,556M	2,353M	869M	505M	269M	800M	-1,874M	1,584M	908M	5,177M	3,283M	815M	-51M	-1,684M	-1,032M	-383M	68M	-900M	-349M	-72M	-81M	293M	-1,931M	-856M	-426M	182M	826M	460M	-34M	-257M
Return on Levered Free Cash Flow	75.45%	80.26%	29.20%	-133.73%	-97.30%	146.46%	-8.18%	64.49%	68.14%	93.71%	94.21%	80.73%	-536.79%	-5.85%	-9.77%	9.28%	433.86%	-103.32%	-343.24%	-1,807.81%	-614.01%	570.41%	-31.62%	-208.07%	-345.11%	583.77%	61.02%	152.22%	-1,362.49%	-105.01%