Fleury Michon S.A. (ALFLE.PA)

Category: Company Returns Sector: Consumer Defensive Industry: Packaged Foods Live Price: $24.80

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	24M	8M	7M	11M	12M	73M	9M	56M	12M	3M	5M	-36M	-33M	17M	10M	20M	20M	21M	19M	21M	15M	20M	17M	6M	15M	14M	17M	18M	15M	14M
Revenue	954M	911M	888M	854M	781M	1,911M	1,857M	948M	982M	933M	829M	864M	878M	852M	842M	866M	890M	830M	820M	811M	757M	702M	625M	590M	578M	531M	498M	479M	708M	656M
Return on Revenue	2.48%	0.77%	0.78%	1.34%	1.63%	3.83%	0.46%	5.92%	1.23%	0.30%	0.57%	-4.15%	-3.75%	2.00%	1.20%	2.28%	2.25%	2.57%	2.33%	2.59%	2.02%	2.78%	2.78%	1.07%	2.65%	2.66%	3.35%	3.70%	2.08%	2.07%
Cost of Revenue	510M	475M	462M	443M	397M	729M	1,803M	492M	517M	522M	409M	433M	468M	433M	442M	449M	455M	413M	401M	388M	485M	339M	281M	280M	269M	247M	220M	213M	225M	224M
Return on Cost of Revenue	4.75%	1.43%	1.51%	2.62%	3.34%	10.04%	0.47%	11.39%	2.33%	0.54%	1.15%	-8.28%	-7.03%	3.93%	2.29%	4.40%	4.41%	5.16%	4.75%	5.41%	3.16%	5.76%	6.19%	2.25%	5.70%	5.73%	7.57%	8.31%	6.53%	6.05%
Gross Profit	444M	436M	426M	410M	384M	953M	54M	455M	465M	411M	420M	431M	410M	419M	400M	417M	435M	417M	418M	423M	272M	363M	344M	310M	309M	285M	277M	266M	483M	432M
Return on Gross Profit	5.20%	1.68%	1.63%	2.80%	3.25%	7.68%	15.86%	12.31%	2.59%	0.69%	1.12%	-8.33%	-8.03%	4.07%	2.53%	4.73%	4.61%	5.12%	4.56%	4.97%	5.63%	5.39%	5.05%	2.03%	4.96%	4.97%	6.02%	6.66%	3.04%	3.15%
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	43M	80M	109M	97M	73M	189M	517M	0M	-9M	137M	145M	127M	144M	144M	133M	131M	136M	127M	124M	120M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on SG&A Expenses	-43.22%	-30.92%	-12.83%	-5.24%	-3.93%	38.77%	1.65%	0.00%	-131.72%	2.07%	3.25%	-28.21%	-22.87%	11.81%	7.63%	15.06%	14.74%	16.74%	15.34%	17.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses	427M	426M	412M	389M	362M	1,156M	21M	440M	447M	394M	408M	441M	424M	397M	384M	389M	401M	383M	380M	377M	242M	333M	313M	293M	284M	262M	252M	237M	460M	411M
Return on Operating Expenses	5.39%	1.84%	1.84%	3.12%	3.59%	6.33%	39.88%	12.74%	2.70%	0.72%	1.16%	-8.13%	-7.75%	4.29%	2.63%	5.08%	4.99%	5.56%	5.01%	5.58%	6.33%	5.87%	5.55%	2.15%	5.41%	5.39%	6.62%	7.47%	3.20%	3.30%
Operating Income (EBIT)	14M	10M	11M	20M	21M	21M	32M	14M	18M	10M	12M	-4M	-31M	22M	13M	25M	34M	34M	38M	43M	34M	35M	33M	15M	26M	24M	26M	30M	26M	26M
Return on Operating Income (EBIT)	160.63%	263.62%	171.56%	131.95%	112.85%	347.20%	26.34%	388.15%	66.75%	26.99%	39.63%	796.61%	107.55%	77.57%	74.92%	77.79%	59.68%	63.50%	50.35%	48.43%	45.10%	56.26%	53.36%	40.66%	58.69%	60.08%	65.04%	59.30%	57.50%	52.67%
Interest Income	5M	3M	3M	2M	2M	11M	3M	8M	5M	1M	1M	1M	2M	2M	2M	3M	2M	3M	3M	2M	1M	0M	0M	1M	1M	1M	0M	0M	0M	0M
Return on Interest Income	398.56%	-375.52%	-81.27%	515.29%	-765.60%	656.80%	247.66%	693.33%	239.31%	263.03%	626.83%	-3,700.12%	-1,778.17%	778.57%	422.52%	784.19%	857.79%	737.52%	729.53%	1,049.91%	1,598.28%	4,426.86%	-32,178.26%	1,163.34%	1,441.17%	2,185.84%	4,346.48%	3,936.55%	0.00%	0.00%
Interest Expense	9M	7M	5M	5M	4M	20M	11M	12M	11M	5M	5M	5M	3M	3M	3M	3M	4M	4M	4M	4M	4M	3M	5M	4M	3M	2M	1M	2M	19M	20M
Return on Interest Expense	209.52%	-9.53%	106.04%	244.86%	360.65%	363.96%	74.96%	455.65%	114.63%	58.29%	104.47%	-780.72%	-945.16%	584.09%	345.68%	568.01%	555.48%	525.46%	490.24%	488.96%	418.01%	689.81%	341.14%	163.71%	486.84%	756.06%	1,792.31%	954.84%	75.68%	69.44%
Net Interest Income	-4M	-4M	-3M	-2M	-2M	-9M	-8M	-4M	-5M	-4M	-4M	-4M	-2M	-1M	-1M	-1M	-1M	-1M	-1M	-2M	-3M	-3M	-4M	-4M	-2M	-2M	-1M	0M	0M	0M
Return on Net Interest Income	-541.36%	-151.99%	-661.81%	-800.19%	-831.79%	-816.29%	-107.49%	-1,329.15%	-220.03%	-74.88%	-125.37%	989.50%	2,017.57%	-2,338.23%	-1,900.88%	-2,060.42%	-1,576.18%	-1,827.46%	-1,494.66%	-915.18%	-566.06%	-581.38%	-453.91%	-151.07%	-735.19%	-871.49%	-2,421.29%	-8,518.08%	8,693.75%	5,303.67%
Unusual Items	4M	5M	4M	5M	5M	3M	27M	3M	2M	6M	3M	10M	10M	1M	-2M	-1M	2M	0M	5M	8M	9M	11M	10M	7M	5M	4M	1M	3M	22M	25M
Return on Unusual Items	786.32%	435.76%	-5.41%	-493.37%	-263.04%	2,738.91%	31.38%	1,646.31%	667.69%	44.97%	161.89%	-342.03%	-322.15%	1,560.50%	-646.96%	-3,838.58%	1,014.26%	-8,332.57%	387.31%	253.23%	164.28%	181.34%	169.51%	88.05%	338.53%	358.24%	1,185.40%	529.39%	67.44%	54.63%
EBT Excluding Unusual Items	11M	4M	7M	13M	14M	25M	-14M	12M	20M	2M	10M	-22M	-49M	20M	17M	27M	31M	35M	29M	29M	18M	16M	17M	4M	19M	17M	23M	25M	1M	-4M
Return on EBT Excluding Unusual Items	234.08%	182.87%	126.00%	111.22%	107.24%	296.29%	-60.79%	473.08%	60.49%	168.67%	47.94%	164.14%	66.62%	83.07%	58.94%	72.15%	64.86%	60.47%	65.08%	72.23%	84.98%	125.50%	100.97%	140.25%	80.06%	83.85%	71.35%	72.05%	1,051.13%	-309.89%
Pre-Tax Income	15M	9M	10M	18M	19M	27M	13M	15M	22M	8M	13M	-11M	-39M	22M	16M	27M	33M	35M	34M	37M	27M	26M	27M	12M	24M	21M	25M	28M	23M	20M
Return on Pre-Tax Income	152.82%	162.21%	117.32%	98.42%	89.68%	267.37%	64.88%	367.48%	55.47%	35.50%	36.99%	315.61%	83.99%	78.87%	64.85%	73.53%	60.96%	60.92%	55.72%	56.20%	56.01%	74.17%	63.28%	54.09%	64.74%	67.95%	67.30%	63.42%	63.38%	66.31%
Income Tax Expense	2M	3M	4M	7M	7M	-3M	2M	0M	4M	1M	4M	6M	-6M	5M	6M	7M	13M	14M	15M	16M	12M	8M	10M	5M	8M	7M	8M	10M	9M	-7M
Return on Income Tax Expense	-3,815.98%	-2,391.04%	-1,045.14%	-645.03%	-438.35%	-2,599.00%	354.34%	-11,935.75%	297.14%	190.67%	115.33%	-622.60%	524.50%	363.42%	182.59%	277.63%	155.71%	152.80%	125.61%	128.35%	127.30%	241.79%	172.16%	117.71%	200.60%	212.23%	205.75%	171.92%	171.82%	-184.67%
Depreciation and Amortization	46M	49M	44M	40M	37M	86M	90M	51M	42M	44M	49M	57M	49M	35M	40M	36M	34M	35M	33M	37M	33M	31M	30M	28M	28M	27M	29M	22M	21M	14M
Return on Depreciation and Amortization	48.26%	18.39%	21.41%	33.33%	37.24%	85.28%	9.49%	109.55%	28.74%	6.48%	9.64%	-62.46%	-66.87%	49.24%	25.59%	55.44%	58.73%	60.94%	57.37%	56.61%	46.99%	63.96%	57.98%	22.58%	55.23%	51.95%	57.13%	79.99%	71.23%	95.68%
EBITDA	62M	59M	57M	61M	59M	-356M	114M	67M	64M	55M	62M	48M	27M	58M	55M	64M	70M	69M	71M	81M	66M	65M	62M	43M	54M	50M	55M	52M	46M	40M
Return on EBITDA	36.05%	8.19%	2.42%	10.74%	14.54%	-20.53%	7.46%	84.23%	18.78%	5.15%	7.65%	-74.85%	-124.17%	29.37%	18.39%	31.04%	28.63%	31.07%	26.69%	25.84%	23.27%	29.93%	28.06%	14.52%	28.54%	28.32%	30.37%	34.05%	31.82%	33.97%
NOPAT	13M	8M	8M	12M	13M	23M	26M	15M	15M	9M	8M	-7M	-26M	17M	9M	19M	20M	20M	21M	24M	19M	24M	21M	8M	18M	16M	17M	19M	16M	35M
Return on NOPAT	163.93%	215.75%	162.60%	137.99%	125.06%	314.81%	32.24%	376.56%	82.07%	33.16%	58.33%	528.63%	128.05%	99.06%	116.18%	105.82%	98.08%	105.59%	90.50%	86.15%	80.52%	81.16%	84.37%	75.22%	86.66%	88.38%	96.66%	93.96%	91.10%	38.75%
Owner's Earnings	34M	29M	21M	18M	15M	83M	37M	66M	12M	24M	23M	18M	-21M	15M	24M	30M	14M	26M	20M	22M	-12M	9M	19M	-15M	1M	14M	13M	-3M	2M	-4M
Return on Owner's Earnings	64.46%	3.89%	54.46%	59.98%	201.10%	88.45%	23.25%	84.94%	96.81%	11.62%	20.79%	-194.69%	156.69%	112.13%	42.09%	66.53%	147.65%	81.46%	93.04%	94.51%	-132.15%	218.21%	90.06%	-43.20%	2,844.66%	100.07%	130.84%	-515.98%	934.25%	-366.47%

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	24M	8M	7M	11M	12M	56M	12M	3M	5M	-36M	-33M	17M	10M	20M	20M	21M	19M	21M	15M	20M	17M	6M	15M	14M	17M	18M	15M	14M
Cash & Cash Equivalents	196M	191M	172M	146M	121M	265M	196M	127M	185M	182M	145M	164M	164M	177M	118M	133M	91M	101M	65M	71M	62M	48M	49M	44M	42M	35M	0M	0M
Return on Cash & Cash Equivalents	9.84%	2.48%	3.46%	9.56%	14.35%	21.15%	6.16%	2.22%	2.55%	-19.67%	-22.63%	10.41%	6.18%	11.18%	16.99%	15.99%	20.89%	20.74%	23.72%	27.46%	27.82%	13.24%	31.11%	31.88%	39.52%	51.11%	0.00%	0.00%
Short-Term Investments	1M	1M	1M	1M	0M	1M	1M	1M	1M	0M	0M	0M	0M	1M	1M	1M	0M	0M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	3,830.67%	-967.49%	-656.03%	1,538.29%	15,350.67%	9,306.63%	1,870.49%	314.88%	820.00%	-17,149.44%	-16,198.84%	3,459.90%	4,556.08%	2,954.83%	3,505.13%	2,076.00%	10,893.96%	12,786.43%	1,236.21%	2,642.06%	98,680.00%	26,815.00%	65,285.00%	54,745.45%	38,413.51%	4,052.96%	0.00%	0.00%
Cash & Short-Term Investments	197M	192M	173M	146M	122M	266M	196M	128M	185M	182M	146M	164M	164M	177M	119M	134M	91M	102M	66M	72M	62M	48M	49M	44M	42M	35M	0M	0M
Return on Cash & Short-Term Investments	9.82%	2.47%	3.44%	9.48%	14.29%	21.10%	6.14%	2.21%	2.54%	-19.65%	-22.60%	10.38%	6.17%	11.14%	16.91%	15.87%	20.85%	20.71%	23.28%	27.18%	27.81%	13.23%	31.10%	31.87%	39.48%	50.47%	0.00%	0.00%
Net Receivables	76M	76M	76M	88M	92M	45M	96M	87M	71M	78M	87M	106M	93M	0M	97M	104M	96M	124M	135M	107M	105M	132M	131M	117M	34M	0M	0M	0M
Return on Net Receivables	46.41%	20.02%	10.97%	13.11%	14.56%	123.38%	12.61%	3.24%	6.64%	-45.75%	-37.97%	16.08%	10.83%	0.00%	20.63%	20.47%	19.95%	16.94%	11.33%	18.27%	16.53%	4.75%	11.73%	12.05%	49.40%	0.00%	0.00%	0.00%
Inventory	87M	85M	81M	76M	69M	79M	86M	97M	79M	85M	80M	78M	77M	77M	70M	67M	64M	71M	67M	61M	51M	59M	51M	48M	41M	34M	0M	0M
Return on Inventory	29.36%	10.39%	10.03%	16.43%	19.55%	71.06%	14.09%	2.93%	5.97%	-42.09%	-41.03%	21.76%	13.18%	25.79%	28.66%	31.97%	29.68%	29.76%	22.79%	31.98%	33.79%	10.74%	29.86%	29.54%	40.53%	52.44%	0.00%	0.00%
Other Current Assets	36M	22M	20M	15M	11M	34M	1M	74M	0M	0M	-13M	39M	36M	0M	31M	23M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	176M	172M
Return on Other Current Assets	393.40%	236.04%	156.35%	-11,016.32%	-8,262.24%	166.66%	1,009.73%	3.82%	0.00%	0.00%	247.65%	43.52%	28.32%	0.00%	63.76%	91.77%	1,623,200.00%	-1,790,100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.36%	7.90%
Total Current Assets	376M	362M	357M	332M	303M	426M	380M	321M	337M	347M	314M	376M	371M	377M	318M	324M	281M	297M	270M	241M	220M	239M	232M	210M	188M	169M	176M	172M
Return on Total Current Assets	5.74%	1.66%	1.66%	3.39%	4.18%	13.17%	3.17%	0.88%	1.40%	-10.33%	-10.47%	4.53%	2.73%	5.23%	6.30%	6.59%	6.78%	7.07%	5.68%	8.12%	7.92%	2.64%	6.61%	6.74%	8.88%	10.50%	8.36%	7.90%
Property, Plant & Equipment	233M	240M	244M	241M	224M	235M	237M	227M	249M	251M	272M	246M	234M	243M	248M	242M	245M	248M	234M	211M	197M	196M	169M	154M	146M	141M	124M	115M
Return on Property, Plant & Equipment	10.05%	3.55%	3.31%	4.93%	5.78%	23.83%	5.08%	1.25%	1.90%	-14.29%	-12.10%	6.93%	4.33%	8.13%	8.07%	8.82%	7.79%	8.46%	6.54%	9.25%	8.81%	3.22%	9.05%	9.16%	11.40%	12.58%	11.89%	11.84%
Goodwill	102M	106M	95M	82M	75M	99M	99M	109M	111M	114M	141M	99M	60M	58M	57M	57M	56M	57M	57M	57M	56M	56M	54M	54M	47M	37M	0M	0M
Return on Goodwill	23.77%	8.83%	12.37%	19.53%	21.28%	56.55%	12.16%	2.60%	4.25%	-31.41%	-23.41%	17.15%	16.83%	34.12%	34.89%	37.62%	33.78%	36.77%	26.81%	34.25%	30.91%	11.34%	28.52%	26.42%	35.36%	47.30%	0.00%	0.00%
Intangible Assets	22M	22M	16M	12M	10M	20M	24M	23M	22M	22M	22M	16M	5M	5M	4M	5M	4M	3M	3M	3M	2M	2M	2M	2M	3M	13M	40M	41M
Return on Intangible Assets	115.75%	41.21%	122.22%	264.05%	342.35%	284.61%	50.57%	12.08%	21.80%	-163.02%	-147.70%	109.52%	190.59%	416.78%	446.98%	462.10%	489.06%	621.35%	525.04%	640.93%	740.84%	258.08%	739.77%	578.48%	569.20%	132.57%	36.63%	33.14%
Long-Term Investments	22M	24M	31M	31M	26M	5M	32M	27M	28M	27M	41M	41M	28M	38M	37M	36M	41M	35M	32M	12M	11M	11M	12M	12M	3M	2M	0M	0M
Return on Long-Term Investments	356.91%	191.44%	106.00%	95.83%	118.97%	1,022.77%	37.47%	10.49%	16.87%	-130.38%	-80.52%	41.46%	36.03%	51.90%	53.89%	59.80%	46.56%	59.74%	48.49%	162.91%	153.80%	58.61%	127.88%	114.27%	487.25%	926.11%	0.00%	0.00%
Tax Assets	1M	1M	1M	1M	1M	2M	1M	0M	1M	0M	0M	0M	0M	2M	2M	2M	2M	2M	2M	2M	1M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	1,554.15%	-2,333.40%	-920.84%	-222.33%	3,868.21%	2,607.48%	1,199.65%	855.32%	820.00%	-17,149.44%	0.00%	0.00%	0.00%	1,168.38%	1,290.25%	1,305.90%	1,243.83%	1,257.09%	877.66%	1,188.93%	1,304.14%	2,145.20%	32,642.50%	44,607.41%	0.00%	8,921.30%	0.00%	0.00%
Other Non-Current Assets	1M	0M	0M	1M	0M	1M	1M	1M	0M	0M	0M	0M	0M	1M	1M	1M	0M	0M	1M	1M	0M	0M	0M	0M	0M	0M	3M	3M
Return on Other Non-Current Assets	3,824.63%	-527,865.22%	-264,105.42%	-174,088.58%	-119,143.87%	9,288.52%	1,870.49%	314.88%	401,800.00%	-3,052,600.00%	-16,198.84%	3,459.90%	4,556.08%	2,949.65%	3,505.13%	2,073.63%	10,893.96%	12,878.42%	1,237.38%	2,642.06%	92,512.50%	26,815.00%	65,285.00%	5,425.23%	38,413.51%	4,052.96%	426.25%	513.18%
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
Return on Other Assets	-342,300.00%	-205,380.00%	-161,550.00%	-107,700.00%	-80,775.00%	0.00%	-1,026,900.00%	0.00%	0.00%	0.00%	0.00%	-1,449,700.00%	861,100.00%	0.00%	0.00%	0.00%	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	381M	394M	387M	368M	336M	362M	394M	387M	410M	415M	476M	402M	327M	346M	350M	341M	348M	346M	329M	286M	268M	265M	237M	223M	200M	194M	167M	158M
Return on Total Non-Current Assets	6.42%	2.35%	2.36%	3.53%	4.15%	15.47%	3.06%	0.73%	1.15%	-8.64%	-6.91%	4.24%	3.09%	5.71%	5.73%	6.25%	5.48%	6.08%	4.66%	6.84%	6.47%	2.38%	6.46%	6.34%	8.35%	9.12%	8.79%	8.58%
Total Assets	757M	756M	744M	700M	639M	788M	774M	709M	748M	762M	790M	778M	698M	723M	667M	665M	629M	643M	598M	527M	488M	504M	469M	433M	388M	363M	343M	330M
Return on Total Assets	3.02%	1.00%	1.02%	1.73%	2.08%	7.11%	1.56%	0.40%	0.63%	-4.71%	-4.16%	2.19%	1.45%	2.73%	3.00%	3.21%	3.03%	3.27%	2.56%	3.71%	3.56%	1.25%	3.27%	3.27%	4.30%	4.88%	4.28%	4.11%
Accounts Payable	128M	120M	108M	107M	107M	135M	134M	114M	116M	101M	108M	92M	90M	91M	103M	100M	97M	111M	110M	102M	90M	119M	115M	110M	102M	110M	0M	0M
Return on Accounts Payable	17.71%	4.33%	6.20%	10.34%	11.12%	41.67%	8.97%	2.48%	4.07%	-35.53%	-30.39%	18.45%	11.17%	21.62%	19.50%	21.36%	19.57%	19.00%	13.86%	19.25%	19.39%	5.31%	13.27%	12.86%	16.40%	16.15%	0.00%	0.00%
Short-Term Debt	85M	86M	84M	72M	62M	72M	100M	82M	75M	100M	64M	100M	96M	109M	43M	58M	44M	45M	46M	42M	38M	36M	41M	27M	12M	13M	0M	0M
Return on Short-Term Debt	31.02%	12.71%	10.52%	20.68%	30.13%	77.61%	12.00%	3.45%	6.32%	-35.84%	-51.13%	17.03%	10.55%	18.13%	47.05%	36.53%	42.91%	46.21%	33.35%	46.04%	45.41%	17.57%	37.17%	51.67%	140.64%	135.34%	0.00%	0.00%
Tax Payables	2M	3M	2M	3M	2M	2M	2M	2M	4M	3M	3M	2M	2M	2M	2M	4M	2M	8M	0M	0M	0M	0M	0M	0M	0M	1M	0M	0M
Return on Tax Payables	1,010.49%	408.30%	448.40%	410.31%	307.73%	2,334.62%	582.80%	114.04%	111.64%	-1,101.62%	-1,258.94%	1,048.99%	447.56%	892.88%	1,312.07%	514.74%	905.30%	250.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2,834.02%	0.00%	0.00%
Deferred Revenue	0M	10M	12M	11M	18M	0M	0M	0M	20M	28M	19M	12M	12M	13M	12M	14M	11M	18M	0M	0M	73M	0M	0M	60M	59M	0M	0M	0M
Return on Deferred Revenue	0.00%	-20.96%	26.70%	47.34%	39.29%	0.00%	0.00%	0.00%	23.13%	-127.93%	-171.82%	137.65%	83.14%	150.10%	172.77%	152.88%	172.57%	117.67%	0.00%	0.00%	23.86%	0.00%	0.00%	23.61%	28.09%	0.00%	0.00%	0.00%
Other Current Liabilities	106M	69M	77M	75M	64M	110M	106M	102M	10M	20M	81M	86M	85M	84M	89M	89M	86M	83M	71M	17M	15M	58M	22M	20M	45M	15M	125M	121M
Return on Other Current Liabilities	21.75%	-13.73%	-3.17%	11.67%	24.04%	51.13%	11.35%	2.77%	48.40%	-182.32%	-40.77%	19.69%	11.95%	23.49%	22.61%	24.05%	22.09%	25.37%	21.43%	113.80%	114.89%	10.78%	70.70%	71.94%	37.37%	114.89%	11.71%	11.21%
Total Current Liabilities	321M	318M	296M	276M	257M	319M	343M	301M	305M	320M	284M	284M	273M	290M	239M	251M	231M	250M	228M	217M	201M	215M	223M	198M	174M	181M	125M	121M
Return on Total Current Liabilities	7.35%	2.48%	2.57%	4.44%	5.09%	17.58%	3.51%	0.94%	1.55%	-11.19%	-11.61%	6.00%	3.70%	6.81%	8.40%	8.49%	8.25%	8.42%	6.71%	9.00%	8.66%	2.93%	6.88%	7.14%	9.59%	9.80%	11.71%	11.21%
Long-Term Debt	169M	177M	155M	144M	125M	167M	174M	164M	197M	185M	194M	156M	96M	103M	114M	111M	116M	126M	146M	103M	100M	100M	54M	52M	41M	25M	16M	18M
Return on Long-Term Debt	14.04%	5.02%	6.63%	9.87%	13.39%	33.47%	6.92%	1.73%	2.40%	-19.43%	-16.94%	10.90%	10.51%	19.13%	17.62%	19.23%	16.44%	16.63%	10.52%	18.90%	17.37%	6.30%	28.37%	27.20%	40.46%	71.63%	94.29%	75.53%
Capital Lease Obligations	6M	11M	17M	17M	13M	0M	10M	9M	10M	26M	29M	18M	18M	25M	25M	27M	29M	31M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	52.91%	13.75%	26.31%	31.64%	23.73%	0.00%	126.48%	32.24%	47.57%	-137.56%	-112.27%	93.05%	55.55%	78.65%	79.41%	78.11%	65.52%	67.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	2M	2M	4M	6M	7M	1M	2M	3M	1M	4M	3M	8M	6M	7M	8M	6M	9M	6M	11M	11M	10M	11M	9M	8M	6M	5M	0M	0M
Return on Deferred Tax Liabilities	2,715.04%	1,567.03%	773.78%	598.73%	490.41%	7,266.82%	772.11%	106.21%	494.83%	-804.80%	-989.55%	205.17%	160.06%	279.75%	247.25%	357.30%	220.42%	350.45%	137.24%	177.74%	171.46%	59.90%	163.93%	168.66%	263.25%	336.92%	0.00%	0.00%
Other Non-Current Liabilities	54M	35M	22M	17M	15M	52M	59M	50M	5M	9M	4M	24M	5M	6M	6M	7M	7M	8M	9M	3M	3M	2M	3M	14M	15M	13M	73M	71M
Return on Other Non-Current Liabilities	44.35%	-34.68%	-5.71%	106.50%	157.02%	106.88%	20.53%	5.64%	100.48%	-406.90%	-818.46%	72.02%	206.60%	346.73%	309.41%	307.72%	277.66%	267.98%	174.29%	626.93%	505.53%	290.68%	534.90%	101.85%	109.93%	136.83%	20.16%	19.15%
Total Non-Current Liabilities	234M	246M	223M	207M	179M	233M	244M	226M	261M	267M	264M	216M	160M	173M	183M	186M	187M	197M	181M	130M	127M	124M	77M	74M	63M	43M	89M	89M
Return on Total Non-Current Liabilities	10.09%	3.73%	4.27%	6.58%	9.14%	24.09%	4.94%	1.25%	1.81%	-13.43%	-12.47%	7.89%	6.30%	11.41%	10.94%	11.49%	10.18%	10.69%	8.47%	15.08%	13.64%	5.09%	19.89%	19.04%	26.59%	41.26%	16.61%	15.28%
Total Liabilities	555M	564M	518M	483M	436M	552M	587M	527M	567M	587M	547M	500M	434M	463M	422M	437M	418M	446M	409M	347M	328M	338M	300M	272M	237M	224M	214M	210M
Return on Total Liabilities	4.25%	1.50%	1.62%	2.65%	3.21%	10.16%	2.05%	0.54%	0.83%	-6.10%	-6.01%	3.41%	2.33%	4.26%	4.75%	4.88%	4.56%	4.71%	3.74%	5.64%	5.30%	1.86%	5.11%	5.19%	7.05%	7.92%	6.87%	6.46%
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	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	16M	18M	18M	18M	18M	18M	0M	0M
Return on Common Stock	150.50%	50.69%	46.99%	71.79%	73.49%	356.74%	76.73%	18.02%	30.02%	-228.10%	-209.40%	108.32%	64.34%	125.63%	127.55%	135.73%	121.29%	133.76%	97.45%	118.75%	105.60%	34.50%	84.01%	77.49%	91.44%	97.00%	0.00%	0.00%
Retained Earnings	24M	8M	27M	56M	46M	56M	12M	3M	5M	-36M	-33M	17M	10M	20M	214M	197M	179M	165M	15M	20M	17M	6M	15M	14M	17M	18M	15M	14M
Return on Retained Earnings	100.00%	100.00%	90.85%	76.19%	82.16%	100.00%	100.00%	100.00%	100.00%	100.00%	99.12%	100.00%	100.00%	100.00%	9.37%	10.85%	10.67%	12.73%	99.98%	100.14%	100.05%	100.07%	100.21%	100.00%	100.00%	100.01%	100.24%	99.71%
Accumulated OCI	153M	159M	-53M	-94M	-70M	154M	149M	154M	151M	187M	244M	-437M	-407M	-379M	-347M	-319M	-292M	-267M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accumulated OCI	15.41%	6.03%	-0.07%	-1.45%	-1.09%	36.31%	8.08%	1.84%	3.13%	-19.19%	-13.47%	-3.89%	-2.48%	-5.20%	-5.77%	-6.69%	-6.53%	-7.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Minority Interest	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	13,711.00%	751.65%	5,775.61%	6,363.63%	9,156.42%	31,409.87%	7,335.00%	2,388.12%	5,022.50%	-42,397.22%	-1,052.74%	-11,597.60%	-43,055.00%	57,975.86%	51,727.27%	-15,525.64%	15,759.22%	13,985.16%	10,269.29%	13,210.32%	17,414.12%	6,964.94%	20,087.69%	19,117.46%	24,089.83%	22,843.94%	7,923.42%	9,032.81%
Total Shareholders’ Equity	202M	192M	225M	217M	203M	236M	187M	182M	181M	174M	240M	278M	265M	260M	246M	228M	210M	197M	189M	180M	160M	165M	169M	161M	151M	139M	32M	30M
Return on Total Shareholders’ Equity	10.58%	2.75%	2.57%	4.92%	5.87%	23.73%	6.45%	1.56%	2.61%	-20.58%	-13.74%	6.12%	3.82%	7.58%	8.16%	9.34%	9.06%	10.69%	8.10%	10.88%	10.88%	3.81%	9.06%	8.81%	11.05%	12.73%	45.70%	44.62%
Total Equity	202M	192M	225M	217M	203M	236M	187M	182M	181M	174M	243M	278M	265M	260M	246M	228M	210M	197M	189M	180M	160M	165M	169M	161M	151M	139M	32M	31M
Return on Total Equity	10.57%	2.75%	2.59%	4.93%	5.88%	23.71%	6.45%	1.56%	2.61%	-20.57%	-13.56%	6.12%	3.82%	7.58%	8.16%	9.35%	9.06%	10.69%	8.09%	10.87%	10.87%	3.81%	9.05%	8.80%	11.05%	12.73%	45.44%	44.40%
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	22M	25M	31M	31M	26M	6M	33M	28M	29M	28M	41M	42M	28M	39M	38M	37M	41M	35M	33M	13M	11M	11M	12M	12M	3M	2M	0M	0M
Return on Total Investments	322.79%	171.10%	95.62%	88.02%	112.76%	921.50%	36.73%	10.15%	16.53%	-129.40%	-80.12%	40.97%	35.75%	51.00%	53.08%	58.13%	46.36%	59.47%	46.66%	153.45%	153.56%	58.48%	127.63%	114.03%	481.14%	753.85%	0.00%	0.00%
Net Debt	-19M	33M	59M	75M	69M	-265M	89M	119M	110M	113M	143M	107M	47M	61M	64M	63M	98M	102M	200M	75M	76M	88M	46M	35M	11M	3M	16M	18M
Return on Net Debt	-1.72%	-6.50%	4.60%	10.24%	20.54%	-21.15%	13.59%	2.38%	4.28%	-31.58%	-23.09%	15.84%	21.68%	32.52%	31.49%	33.73%	19.41%	20.71%	7.65%	26.16%	22.91%	7.14%	33.32%	40.40%	153.32%	561.32%	94.29%	75.53%

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	24M	8M	7M	11M	12M	56M	12M	3M	5M	-36M	-33M	17M	10M	20M	20M	21M	19M	21M	15M	20M	17M	6M	15M	14M	17M	18M	15M	14M
Working Capital	55M	45M	61M	56M	46M	107M	37M	21M	32M	27M	31M	92M	98M	87M	79M	72M	50M	47M	41M	24M	19M	24M	9M	12M	14M	-12M	50M	51M
Return on Working Capital	32.87%	-4.34%	-5.24%	11.95%	35.25%	52.46%	32.39%	13.77%	14.72%	-135.03%	-107.34%	18.50%	10.33%	22.58%	25.25%	29.49%	38.09%	44.29%	37.05%	82.71%	92.35%	25.91%	167.85%	119.56%	120.01%	-146.88%	29.18%	26.74%
Total Capital	463M	469M	482M	455M	407M	489M	471M	428M	476M	478M	528M	549M	475M	498M	427M	425M	400M	399M	454M	325M	298M	301M	265M	240M	204M	177M	48M	48M
Return on Total Capital	4.90%	1.64%	1.58%	2.68%	3.40%	11.47%	2.56%	0.66%	0.99%	-7.49%	-6.24%	3.10%	2.13%	3.97%	4.69%	5.02%	4.77%	5.26%	3.37%	6.00%	5.83%	2.09%	5.79%	5.89%	8.18%	10.01%	30.78%	28.05%
Capital Employed	436M	438M	448M	424M	382M	469M	431M	408M	442M	441M	507M	494M	425M	433M	429M	414M	398M	393M	370M	309M	287M	289M	246M	235M	214M	182M	218M	209M
Return on Capital Employed	5.15%	1.68%	1.69%	2.85%	3.55%	11.95%	2.80%	0.69%	1.07%	-8.12%	-6.50%	3.45%	2.38%	4.56%	4.67%	5.15%	4.79%	5.34%	4.14%	6.32%	6.05%	2.18%	6.22%	6.02%	7.80%	9.73%	6.75%	6.50%
Invested Capital	267M	277M	310M	309M	285M	224M	276M	301M	291M	296M	382M	386M	312M	321M	309M	292M	309M	298M	389M	254M	236M	254M	215M	196M	162M	142M	48M	48M
Return on Invested Capital	10.13%	3.98%	3.16%	4.25%	4.91%	25.06%	4.37%	0.94%	1.62%	-12.10%	-8.61%	4.41%	3.25%	6.15%	6.48%	7.32%	6.18%	7.05%	3.93%	7.69%	7.38%	2.48%	7.12%	7.23%	10.31%	12.45%	30.78%	28.05%

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	24M	8M	7M	11M	12M	73M	9M	56M	12M	3M	5M	-36M	-33M	17M	10M	20M	20M	21M	19M	21M	15M	20M	17M	6M	15M	14M	17M	18M	15M	14M
Depreciation & Amortization	45M	52M	47M	42M	39M	63M	90M	42M	42M	52M	42M	82M	57M	36M	39M	39M	34M	35M	33M	37M	33M	31M	30M	28M	28M	27M	29M	22M	21M	14M
Return on Depreciation & Amortization	55.94%	27.08%	26.12%	36.47%	39.60%	115.44%	9.49%	133.63%	28.74%	5.44%	11.20%	-43.60%	-57.63%	47.92%	25.62%	51.17%	58.73%	60.94%	57.37%	56.61%	46.99%	63.96%	57.98%	22.58%	55.23%	51.95%	57.13%	79.99%	71.23%	95.68%
Deferred Income Tax	0M	-1M	0M	0M	0M	0M	-5M	0M	0M	0M	-5M	1M	-5M	-1M	1M	-1M	13M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	0.00%	-1,231.98%	-856.28%	-570.86%	-428.14%	0.00%	-164.68%	0.00%	0.00%	0.00%	-91.09%	-6,068.79%	601.89%	-2,412.15%	906.42%	-1,654.82%	155.71%	0.00%	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	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	0.00%	0.00%	213,305.88%	142,203.92%	106,652.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4,558.81%	861,100.00%	840,650.00%	426,750.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	4M	2M	-4M	-3M	-4M	59M	-35M	10M	35M	-34M	21M	-21M	-7M	4M	-15M	-27M	-7M	4M	-6M	15M	-18M	3M	10M	-7M	-6M	-12M	-15M	-15M	-1M	11M
Return on Change in Working Capital	194.15%	154.67%	122.04%	136.87%	82.47%	124.29%	-24.40%	556.77%	34.06%	-8.38%	22.72%	168.17%	461.45%	412.90%	-65.68%	-73.24%	-288.39%	479.16%	-339.37%	140.99%	-85.05%	637.01%	178.77%	-96.23%	-261.61%	-115.77%	-108.78%	-115.64%	-1,946.97%	119.60%
Accounts Receivable	0M	2M	0M	0M	0M	-4M	-1M	11M	-9M	-2M	-6M	17M	-19M	0M	4M	0M	0M	-3M	5M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	76.82%	-12.70%	-478.27%	-346.83%	-260.12%	-1,700.98%	-908.00%	497.37%	-129.71%	-137.20%	-79.44%	-214.52%	173.26%	5,798.80%	266.92%	-6,136.13%	-4,822.03%	-812.75%	393.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	0M	0M	-1M	-1M	-1M	34M	-35M	6M	12M	-18M	-6M	5M	-2M	2M	0M	-7M	-3M	-2M	6M	-3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Inventory	339.38%	44.39%	-408.24%	-350.21%	-262.66%	216.25%	-24.69%	931.57%	101.94%	-15.38%	-76.37%	-719.78%	1,686.16%	1,123.80%	-6,194.96%	-298.37%	-620.95%	-856.44%	297.62%	-612.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Payable	7M	5M	4M	2M	2M	17M	13M	1M	15M	4M	15M	-8M	17M	-1M	2M	-12M	5M	3M	-5M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	1,749.14%	1,143.50%	383.09%	283.38%	212.53%	438.04%	64.65%	5,100.75%	80.93%	65.76%	31.70%	438.34%	-194.21%	-2,579.54%	627.17%	-170.50%	430.52%	812.75%	-393.03%	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	-3M	3M	-2M	-1M	-1M	13M	-13M	-8M	18M	-18M	6M	18M	-3M	3M	-21M	-8M	-8M	10M	-17M	18M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Working Capital	-207.65%	-148.25%	34.75%	38.14%	28.60%	579.17%	-67.35%	-673.96%	67.09%	-16.08%	83.52%	-201.80%	1,051.16%	572.33%	-49.01%	-234.00%	-251.73%	222.97%	-112.98%	114.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Cash Items	-18M	3M	2M	32M	23M	-62M	205M	-48M	2M	-7M	13M	54M	10M	-4M	2M	11M	-9M	1M	-1M	8M	4M	444M	13M	-27M	3M	-7M	-10M	-6M	2M	2M
Return on Other Non-Cash Items	175.22%	98.86%	6.20%	110.91%	92.34%	-118.97%	4.16%	-115.68%	683.23%	-41.88%	34.99%	-66.37%	-329.00%	-472.99%	412.21%	176.81%	-219.30%	3,042.71%	-2,054.68%	259.32%	349.84%	4.40%	131.20%	-23.61%	440.97%	-201.14%	-164.22%	-278.43%	645.31%	689.86%
Net Cash from Operating Activities	55M	64M	53M	84M	72M	133M	72M	60M	91M	14M	76M	80M	32M	53M	38M	41M	51M	61M	46M	81M	34M	497M	70M	27M	41M	29M	29M	28M	37M	41M
Return on Net Cash from Operating Activities	42.32%	17.64%	13.01%	18.74%	23.72%	55.08%	11.91%	94.00%	13.22%	19.75%	6.21%	-44.97%	-104.42%	32.35%	26.82%	47.75%	39.36%	34.85%	41.70%	25.90%	44.68%	3.93%	24.71%	23.27%	37.66%	49.12%	58.54%	62.38%	39.88%	33.04%
Capital Expenditures (PPE)	-35M	-31M	-33M	-35M	-36M	-54M	-62M	-32M	-42M	-31M	-24M	-28M	-45M	-37M	-26M	-29M	-41M	-30M	-32M	-36M	-59M	-41M	-28M	-49M	-43M	-27M	-33M	-43M	-34M	-31M
Return on Capital Expenditures (PPE)	-71.15%	-20.96%	-23.54%	-33.19%	-35.55%	-135.92%	-13.82%	-175.15%	-29.01%	-9.29%	-19.54%	128.21%	72.81%	-45.56%	-39.57%	-68.91%	-49.37%	-70.75%	-59.94%	-58.53%	-25.74%	-47.50%	-61.94%	-12.92%	-36.03%	-51.93%	-50.35%	-40.92%	-43.54%	-43.14%
Acquisitions (Net)	-1M	-2M	-14M	-9M	-7M	2M	2M	-2M	0M	-1M	-5M	-1M	-82M	-46M	-4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-9M	0M	0M	0M	0M
Return on Acquisitions (Net)	-6,542.82%	-3,132.26%	-18,927.92%	-16,779.73%	-11,698.07%	3,549.20%	371.37%	-3,447.15%	-15,798.46%	-382.86%	-97.55%	4,064.71%	40.37%	-37.04%	-254.99%	-168,130.00%	-5,236.20%	-72,660.00%	5,153.02%	0.00%	0.00%	5,090.21%	0.00%	4,965.74%	0.00%	-152.11%	12,920.91%	0.00%	0.00%	0.00%
Purchases of Investments	-1M	-2M	-1M	-3M	-3M	-2M	-2M	-2M	-1M	0M	0M	-5M	0M	0M	-1M	0M	-3M	0M	-8M	-6M	-19M	0M	0M	0M	0M	-9M	0M	-1M	0M	0M
Return on Purchases of Investments	-1,905.71%	-1,281.96%	-5,133.09%	-4,596.81%	-4,297.76%	-3,013.73%	-526.76%	-3,193.51%	-1,740.51%	-783.12%	-1,455.80%	763.15%	14,986.10%	-22,651.56%	-1,548.74%	-35,027.08%	-679.81%	-4,976.71%	-242.70%	-347.46%	-79.58%	-11,974.82%	-8,088.52%	-1,481.49%	-3,567.49%	-164.27%	-3,701.30%	-1,552.73%	0.00%	0.00%
Sales / Maturities of Investments	27M	17M	10M	7M	6M	81M	1M	81M	0M	0M	0M	5M	4M	1M	11M	0M	1M	7M	0M	0M	0M	0M	0M	0M	1M	0M	1M	0M	0M	0M
Return on Sales / Maturities of Investments	1,142.62%	845.25%	1,208.09%	6,226.39%	6,795.54%	90.31%	1,158.53%	69.33%	2,468.51%	890.04%	1,477.21%	-678.81%	-857.79%	1,805.35%	92.42%	4,945.00%	1,869.66%	291.67%	9,958.28%	12,695.74%	21,380.33%	36,988.89%	9,368.35%	10,944.90%	1,943.01%	18,248.48%	2,010.33%	22,843.94%	0.00%	0.00%
Other Investing Activities	5M	4M	1M	1M	1M	1M	0M	1M	8M	5M	5M	2M	2M	-14M	2M	1M	1M	1M	0M	1M	1M	0M	0M	-2M	1M	1M	1M	2M	1M	2M
Return on Other Investing Activities	2,023.20%	889.29%	695.74%	-218,262.17%	-163,171.13%	7,879.14%	-60,533.33%	5,865.23%	142.51%	61.85%	96.63%	-1,719.77%	-1,379.13%	-122.82%	593.45%	1,722.64%	1,696.82%	2,756.45%	-1,623,200.00%	2,445.49%	1,608.14%	-1,664,500.00%	5,759.53%	-289.11%	1,613.97%	2,302.87%	1,122.67%	906.07%	1,893.95%	777.02%
Net Cash from Investing Activities	-5M	-13M	-37M	-39M	-39M	28M	-60M	46M	-33M	-27M	-24M	-26M	-121M	-96M	-18M	-27M	-42M	-23M	-39M	-41M	-78M	-41M	-28M	-51M	-41M	-44M	-31M	-42M	-33M	-30M
Return on Net Cash from Investing Activities	24.67%	38.28%	2.26%	-15.99%	-21.86%	263.67%	-14.14%	120.74%	-36.12%	-10.61%	-19.57%	136.96%	27.26%	-17.67%	-57.68%	-72.65%	-48.09%	-94.72%	-48.76%	-51.35%	-19.71%	-47.82%	-62.55%	-12.31%	-37.18%	-31.82%	-53.57%	-41.78%	-44.56%	-45.68%
Net Debt Issuance	-14M	-15M	-2M	-4M	1M	-15M	-32M	-41M	23M	-22M	-36M	4M	40M	53M	-10M	-14M	-18M	-9M	-9M	7M	-33M	8M	0M	47M	7M	10M	18M	19M	-5M	-6M
Return on Net Debt Issuance	-31.91%	-219.60%	-149.65%	-95.88%	243.36%	-497.60%	-27.01%	-135.56%	52.45%	-12.62%	-13.09%	-989.18%	-83.13%	32.33%	-96.51%	-136.68%	-114.48%	-226.92%	-204.92%	298.00%	-46.13%	238.30%	5,827.56%	13.53%	233.29%	137.02%	93.88%	94.11%	-268.59%	-212.34%
Long-Term Debt Issuance	-14M	-15M	-1M	2M	6M	-41M	-32M	-41M	23M	-22M	-36M	4M	40M	53M	-10M	-14M	-4M	-9M	-9M	7M	45M	8M	0M	47M	7M	10M	18M	19M	-5M	-6M
Return on Long-Term Debt Issuance	-31.91%	-219.60%	-183.91%	-113.38%	230.23%	-176.96%	-27.01%	-135.56%	52.45%	-12.62%	-13.09%	-989.18%	-83.13%	32.33%	-96.51%	-136.68%	-457.15%	-226.92%	-204.92%	298.00%	33.99%	238.30%	5,827.56%	13.53%	233.29%	137.02%	93.88%	94.11%	-268.59%	-212.34%
Short-Term Debt Issuance	0M	0M	-1M	-6M	-5M	27M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-13M	0M	0M	0M	-78M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	0.00%	0.00%	-15.27%	-11.49%	-8.61%	274.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-152.72%	0.00%	0.00%	0.00%	-19.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	0M	-1M	0M	5M	3M	1M	0M	0M	0M	0M	0M	-3M	0M	0M	2M	0M	0M	6M	0M	-2M	77M	0M	-20M	-2M	-5M	0M	-1M	-7M	0M	0M
Return on Net Stock Issuance	6,320.89%	4,620.19%	-64,793.65%	-42,675.93%	-32,534.50%	13,727.75%	1,979.29%	16,930.14%	3,846.07%	-1,813.53%	3,067.18%	1,071.09%	112,096.00%	13,806.67%	516.56%	56,043.33%	-853,500.00%	354.65%	8,774.05%	-1,351.02%	19.92%	0.00%	-85.38%	-308.57%	-306.21%	-8,481.69%	-1,369.27%	-259.86%	0.00%	0.00%
Common Stock Issuance	0M	0M	0M	5M	4M	1M	0M	0M	0M	0M	0M	0M	0M	0M	2M	0M	0M	0M	0M	0M	78M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Issuance	6,925.40%	4,768.68%	9,420.99%	6,866.90%	5,150.18%	13,727.75%	2,023.40%	16,930.14%	3,846.07%	0.00%	3,067.18%	0.00%	0.00%	13,806.67%	516.56%	56,043.33%	0.00%	0.00%	8,774.05%	0.00%	19.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Repurchased	0M	-1M	0M	-1M	-2M	0M	0M	0M	0M	0M	0M	-3M	0M	0M	0M	0M	0M	0M	0M	-4M	-1M	-1M	-20M	-2M	-5M	0M	-1M	-7M	0M	0M
Return on Common Stock Repurchased	-604.51%	-148.49%	-74,214.64%	-49,732.00%	-37,826.56%	0.00%	90,800.00%	0.00%	0.00%	-1,813.53%	0.00%	1,071.09%	112,096.00%	0.00%	0.00%	0.00%	-853,500.00%	0.00%	0.00%	-545.60%	-1,097.81%	-2,190.13%	-85.38%	-308.57%	-306.21%	-8,481.69%	-1,369.27%	-259.86%	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	-6M	-5M	-6M	-5M	-5M	-12M	-6M	-6M	-6M	-6M	-5M	-4M	-6M	-6M	-6M	-6M	-6M	-6M	-6M	-4M	-4M	-4M	-3M	-3M	-3M	-4M	-4M	-4M	0M	0M
Return on Net Dividends Paid	-378.63%	-65.35%	-95.42%	-195.29%	-250.98%	-598.29%	-145.80%	-882.33%	-205.13%	-48.41%	-96.17%	905.28%	543.63%	-307.07%	-183.06%	-337.88%	-343.05%	-373.69%	-333.99%	-479.92%	-345.94%	-441.63%	-641.89%	-182.11%	-467.32%	-366.19%	-432.80%	-490.47%	0.00%	0.00%
Common Dividends Paid	-6M	-5M	-6M	-5M	-5M	-12M	-6M	-6M	-6M	-6M	-5M	-4M	-6M	-6M	-6M	-6M	-6M	-6M	-6M	-4M	-4M	-4M	-3M	-3M	-3M	-4M	-4M	-4M	0M	0M
Return on Common Dividends Paid	-378.63%	-65.35%	-95.42%	-195.29%	-250.98%	-598.29%	-145.80%	-882.33%	-205.13%	-48.41%	-96.17%	905.28%	543.63%	-307.07%	-183.06%	-337.88%	-343.05%	-373.69%	-333.99%	-479.92%	-345.94%	-441.63%	-641.89%	-182.11%	-467.32%	-366.19%	-432.80%	-490.47%	0.00%	0.00%
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	-4M	-6M	6M	4M	2M	-5M	-6M	10M	-9M	-13M	-7M	-9M	32M	1M	-8M	52M	11M	-1M	-1M	0M	-2M	0M	-3M	-6M	-3M	0M	0M	-3M	-3M	0M
Return on Other Financing Activities	133.55%	147.61%	309.67%	-492.31%	-3,472.68%	-1,585.85%	-135.45%	557.29%	-135.44%	-21.19%	-66.78%	404.16%	-103.96%	2,380.46%	-132.03%	37.98%	176.22%	-2,431.73%	-1,278.11%	4,252.02%	-620.46%	-10,403.13%	-540.81%	-99.48%	-591.35%	-66,911.11%	6,073.93%	-706.51%	-544.30%	-3,790.82%
Net Cash from Financing Activities	-24M	-26M	-2M	-1M	1M	-31M	-42M	-37M	9M	-42M	-48M	-13M	65M	48M	-22M	32M	-12M	-10M	-16M	-1M	37M	1M	-26M	35M	-4M	6M	13M	6M	-8M	-7M
Return on Net Cash from Financing Activities	-5.16%	52.05%	9.36%	-45.18%	-36.41%	-235.91%	-20.54%	-150.22%	141.52%	-6.77%	-9.86%	285.58%	-50.50%	35.51%	-46.59%	62.22%	-167.32%	-213.93%	-117.06%	-3,070.50%	41.65%	2,588.65%	-66.90%	18.14%	-355.87%	225.50%	128.61%	300.94%	-179.84%	-201.08%
Effect of FX on Cash	0M	0M	0M	-30M	-22M	0M	-307M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-447M	-2M	3M	0M	-1M	0M	0M	0M	0M
Return on Effect of FX on Cash	219,616.40%	69,229.69%	24,980.82%	105,049.08%	79,698.13%	22,499.64%	-2.78%	682,042.86%	25,046.34%	-48,240.00%	-7,440.74%	-305,260.00%	-121,843.48%	21,319.12%	13,454.69%	-15,861.32%	6,590.73%	-12,975.00%	15,459.05%	19,248.39%	1,304,200.00%	-4.37%	-728.80%	226.77%	21,404.92%	-2,676.44%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	27M	25M	15M	14M	12M	130M	-33M	69M	66M	-54M	4M	41M	-24M	4M	-1M	46M	-2M	29M	-10M	40M	-7M	10M	14M	13M	-5M	-10M	10M	-8M	-4M	5M
Return on Net Change in Cash	31.49%	25.70%	-81.50%	-61.60%	-52.84%	56.33%	-25.67%	81.53%	18.16%	-5.23%	121.50%	-87.45%	137.02%	394.37%	-692.20%	43.13%	-825.83%	74.69%	-199.88%	53.01%	-229.81%	192.94%	122.61%	47.05%	-321.28%	-142.63%	161.55%	-218.22%	-341.77%	294.50%
Cash at Beginning of Period	167M	162M	151M	124M	101M	545M	623M	193M	126M	181M	177M	136M	160M	155M	157M	111M	114M	85M	95M	55M	62M	51M	37M	24M	29M	39M	28M	36M	40M	36M
Return on Cash at Beginning of Period	13.39%	3.29%	4.87%	13.01%	20.89%	13.42%	1.37%	29.07%	9.54%	1.57%	2.67%	-26.41%	-20.60%	10.95%	6.44%	17.77%	17.65%	25.10%	20.16%	38.31%	24.89%	38.02%	46.69%	26.41%	53.58%	36.71%	59.19%	48.76%	36.32%	37.85%
Cash at End of Period	194M	188M	166M	138M	112M	675M	590M	262M	193M	126M	181M	177M	136M	160M	155M	157M	111M	114M	85M	95M	55M	62M	51M	37M	24M	29M	39M	28M	36M	40M
Return on Cash at End of Period	9.98%	2.45%	3.58%	10.59%	18.33%	10.84%	1.45%	21.43%	6.25%	2.24%	2.61%	-20.28%	-24.24%	10.66%	6.51%	12.58%	18.04%	18.79%	22.43%	22.24%	27.91%	31.76%	33.81%	16.92%	64.31%	49.43%	43.32%	62.78%	40.64%	33.54%
Operating Cash Flow	55M	64M	53M	84M	72M	137M	72M	60M	91M	14M	76M	80M	32M	53M	38M	41M	51M	61M	46M	81M	34M	497M	70M	27M	41M	29M	29M	28M	37M	41M
Return on Operating Cash Flow	42.32%	17.64%	13.01%	18.74%	23.72%	53.42%	11.91%	94.00%	13.22%	19.75%	6.21%	-44.97%	-104.42%	32.35%	26.82%	47.75%	39.36%	34.85%	41.70%	25.90%	44.68%	3.93%	24.71%	23.27%	37.66%	49.12%	58.54%	62.38%	39.88%	33.04%
Capital Expenditure	-35M	-31M	-33M	-35M	-36M	-54M	-62M	-32M	-42M	-31M	-24M	-28M	-45M	-37M	-26M	-29M	-41M	-30M	-32M	-36M	-59M	-41M	-28M	-49M	-43M	-27M	-33M	-43M	-34M	-31M
Return on Capital Expenditure	-71.15%	-20.96%	-23.54%	-33.19%	-35.55%	-135.92%	-13.82%	-175.15%	-29.01%	-9.29%	-19.54%	128.21%	72.81%	-45.56%	-39.57%	-68.91%	-49.37%	-70.75%	-59.94%	-58.53%	-25.74%	-47.50%	-61.94%	-12.92%	-36.03%	-51.93%	-50.35%	-40.92%	-43.54%	-43.14%
Free Cash Flow	20M	33M	20M	48M	37M	83M	10M	28M	50M	-16M	52M	52M	-14M	15M	12M	13M	10M	31M	14M	45M	-25M	456M	42M	-22M	-2M	2M	-5M	-15M	3M	10M
Return on Free Cash Flow	69.89%	29.90%	93.46%	75.35%	42.99%	88.00%	86.11%	202.90%	24.28%	-17.52%	9.11%	-69.27%	240.55%	111.62%	83.29%	155.55%	194.11%	68.66%	136.97%	46.45%	-60.73%	4.29%	41.12%	-29.03%	-831.13%	908.30%	-359.64%	-118.92%	474.74%	141.21%

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	24M	8M	8M	12M	15M	72M	19M	56M	12M	3M	5M	-36M	-23M	17M	10M	20M	20M	21M	19M	21M	15M	20M	17M	32M	15M	21M	25M	28M	15M	14M
EBITDA	62M	59M	57M	61M	59M	-356M	114M	67M	64M	55M	62M	48M	27M	58M	55M	64M	70M	69M	71M	81M	66M	65M	62M	43M	54M	50M	55M	52M	46M	40M
Return on EBITDA	36.09%	8.24%	6.15%	13.19%	20.80%	-20.23%	16.49%	84.26%	18.83%	5.19%	7.66%	-74.75%	-86.75%	29.16%	18.28%	31.04%	28.58%	30.68%	26.66%	25.84%	23.27%	29.93%	28.06%	74.69%	28.54%	41.67%	45.13%	53.70%	31.82%	33.97%
(-) Tax Adjustment	7M	13M	14M	19M	19M	37M	21M	-2M	12M	10M	20M	24M	-4M	13M	20M	17M	27M	27M	32M	36M	29M	20M	23M	20M	17M	16M	18M	19M	17M	-14M
Return on (-) Tax Adjustment	-869.29%	-546.29%	-181.37%	-97.81%	-43.58%	196.63%	90.08%	-2,736.63%	100.89%	27.87%	23.89%	-147.45%	541.74%	134.37%	51.47%	117.18%	73.00%	76.95%	60.09%	59.01%	52.90%	97.58%	76.35%	162.55%	88.42%	130.16%	137.98%	145.56%	86.25%	-94.60%
(-) Change In Working Capital	4M	2M	-4M	-3M	-4M	59M	-35M	10M	35M	-34M	21M	-21M	-7M	4M	-15M	-27M	-7M	4M	-6M	15M	-18M	3M	10M	-7M	-6M	-12M	-15M	-15M	-1M	11M
Return on (-) Change In Working Capital	194.22%	154.66%	107.92%	127.09%	49.82%	122.43%	-53.97%	556.93%	34.16%	-8.44%	22.74%	167.93%	322.38%	409.94%	-65.31%	-73.23%	-287.87%	473.07%	-338.89%	140.99%	-85.05%	637.01%	178.77%	-495.07%	-261.61%	-170.38%	-161.63%	-182.34%	-1,946.97%	119.60%
(-) Capital Expenditure	-35M	-31M	-33M	-35M	-36M	-54M	-62M	-32M	-42M	-31M	-24M	-28M	-45M	-37M	-26M	-29M	-41M	-30M	-32M	-36M	-59M	-41M	-28M	-49M	-43M	-27M	-33M	-43M	-34M	-31M
Return on (-) Capital Expenditure	-71.22%	-21.04%	-25.71%	-34.57%	-41.71%	-133.89%	-30.57%	-175.20%	-29.10%	-9.35%	-19.56%	128.03%	50.87%	-45.23%	-39.34%	-68.89%	-49.28%	-69.85%	-59.86%	-58.53%	-25.74%	-47.50%	-61.94%	-66.45%	-36.03%	-76.42%	-74.81%	-64.52%	-43.54%	-43.14%
Unlevered Free Cash Flow	17M	13M	14M	10M	9M	-506M	67M	27M	-25M	48M	-3M	17M	-7M	4M	25M	45M	9M	7M	14M	-5M	-5M	1M	1M	-19M	0M	19M	19M	5M	-4M	11M
Return on Unlevered Free Cash Flow	56.15%	-39.56%	85.78%	161.74%	-62.10%	-14.25%	28.29%	211.39%	-48.88%	5.94%	-155.30%	-210.95%	314.20%	434.25%	39.74%	43.81%	223.62%	315.22%	140.51%	-412.91%	-330.68%	1,856.13%	1,254.73%	-172.60%	-4,989.56%	109.92%	129.39%	575.31%	-382.13%	118.11%
(-) Net Interest Income After Taxes	-4M	-3M	-2M	-2M	-2M	-10M	-6M	-4M	-4M	-3M	-3M	-2M	-2M	-1M	0M	-1M	-1M	-1M	-1M	-1M	-2M	-2M	-3M	-2M	-1M	-1M	0M	-1M	-12M	-27M
Return on (-) Net Interest Income After Taxes	-551.27%	33.07%	-990.33%	-1,293.58%	-1,603.68%	-729.09%	-291.09%	-1,289.83%	-271.33%	-92.67%	-184.79%	2,003.97%	1,214.95%	-2,964.88%	-2,931.13%	-2,802.04%	-2,585.60%	-3,000.33%	-2,682.58%	-1,628.06%	-1,010.75%	-1,178.69%	-533.74%	-1,813.35%	-1,085.56%	-2,502.18%	-6,734.98%	-3,149.68%	-119.92%	-51.09%
Net Debt Issuance	-14M	-15M	-2M	-4M	1M	-15M	-32M	-41M	23M	-22M	-36M	4M	40M	53M	-10M	-14M	-18M	-9M	-9M	7M	-33M	8M	0M	47M	7M	10M	18M	19M	-5M	-6M
Return on Net Debt Issuance	-31.90%	-219.32%	-146.94%	-93.86%	253.18%	-490.16%	-59.76%	-135.60%	52.61%	-12.71%	-13.10%	-987.78%	-58.07%	32.10%	-95.97%	-136.65%	-114.27%	-224.03%	-204.63%	298.00%	-46.13%	238.30%	5,827.56%	69.59%	233.29%	201.65%	139.50%	148.40%	-268.59%	-212.34%
Levered Free Cash Flow	7M	1M	14M	8M	11M	-511M	42M	-10M	3M	29M	-37M	22M	34M	57M	15M	31M	-8M	-2M	5M	3M	-36M	11M	5M	30M	8M	30M	37M	25M	3M	32M
Return on Levered Free Cash Flow	-26.01%	-50.18%	-41.62%	-19.54%	25.18%	-14.12%	45.36%	-535.07%	447.08%	9.96%	-12.93%	-159.95%	-67.30%	29.59%	66.29%	63.02%	-256.90%	-1,043.98%	384.17%	645.96%	-42.17%	179.10%	351.85%	109.56%	199.71%	69.17%	66.46%	113.71%	500.23%	42.86%