Old Dominion Freight Line, Inc. (ODFL)

Category: Company Returns Sector: Industrials Industry: Trucking Live Price: $175.65

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,268M	1,102M	780M	577M	448M	363M	304M	1,057M	1,246M	1,186M	1,240M	1,377M	1,034M	673M	616M	606M	464M	296M	305M	268M	206M	169M	139M	76M	35M	69M	72M	73M	53M	39M	28M	18M	12M	14M	14M	11M	10M	6M	5M
Revenue	5,980M	5,442M	4,469M	3,689M	3,093M	2,596M	2,219M	5,575M	5,925M	5,815M	5,866M	6,260M	5,256M	4,015M	4,109M	4,044M	3,358M	2,992M	2,972M	2,788M	2,338M	2,135M	1,904M	1,481M	1,245M	1,538M	1,402M	1,279M	1,061M	824M	668M	566M	502M	476M	426M	383M	329M	293M	248M
Return on Revenue	21.18%	19.99%	16.39%	13.51%	11.29%	9.73%	8.55%	18.97%	21.03%	20.40%	21.13%	22.00%	19.68%	16.75%	14.98%	14.98%	13.81%	9.89%	10.25%	9.60%	8.82%	7.94%	7.33%	5.11%	2.80%	4.47%	5.13%	5.67%	5.04%	4.73%	4.13%	3.26%	2.37%	2.88%	3.38%	2.90%	3.05%	2.10%	1.93%
Cost of Revenue	3,863M	3,572M	3,064M	2,594M	2,016M	1,642M	1,381M	3,734M	3,839M	3,792M	3,794M	4,004M	3,481M	2,787M	2,939M	2,899M	2,483M	2,247M	2,215M	2,100M	1,801M	1,664M	1,500M	1,199M	265M	401M	204M	309M	245M	199M	130M	139M	124M	121M	98M	51M	89M	94M	44M
Return on Cost of Revenue	32.78%	30.44%	23.96%	19.31%	20.02%	19.02%	18.02%	28.31%	32.45%	31.28%	32.67%	34.40%	29.71%	24.14%	20.94%	20.89%	18.68%	13.16%	13.76%	12.74%	11.44%	10.18%	9.30%	6.31%	13.14%	17.13%	35.18%	23.46%	21.87%	19.61%	21.17%	13.33%	9.60%	11.30%	14.68%	21.76%	11.26%	6.53%	11.03%
Gross Profit	2,117M	1,871M	1,405M	1,095M	1,076M	954M	838M	1,840M	2,085M	2,023M	2,072M	2,256M	1,775M	1,229M	1,170M	1,144M	875M	745M	757M	687M	536M	471M	404M	282M	980M	1,137M	1,197M	970M	817M	625M	537M	428M	378M	355M	328M	332M	240M	199M	205M
Return on Gross Profit	59.83%	58.50%	53.10%	47.05%	36.77%	30.32%	25.85%	57.45%	59.75%	58.64%	59.82%	61.04%	58.27%	54.75%	52.60%	52.93%	52.98%	39.72%	40.22%	38.91%	38.44%	36.00%	34.56%	26.85%	3.56%	6.04%	6.00%	7.48%	6.55%	6.24%	5.14%	4.31%	3.15%	3.86%	4.39%	3.35%	4.19%	3.09%	2.35%
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	283M	252M	214M	180M	335M	309M	274M	273M	300M	310M	281M	259M	224M	184M	206M	194M	177M	152M	154M	145M	124M	109M	96M	82M	806M	914M	846M	772M	663M	510M	448M	28M	18M	26M	23M	271M	19M	17M	171M
Return on SG&A Expenses	451.97%	436.68%	344.78%	279.53%	211.54%	177.25%	152.96%	387.32%	414.93%	382.94%	441.02%	531.96%	462.28%	365.22%	298.61%	311.61%	261.72%	194.08%	198.38%	184.73%	166.47%	156.08%	145.74%	92.11%	4.32%	7.51%	8.49%	9.40%	8.06%	7.65%	6.16%	65.38%	67.99%	53.24%	62.12%	4.11%	53.12%	35.48%	2.81%
Operating Expenses	442M	406M	353M	298M	446M	457M	432M	450M	454M	479M	432M	415M	383M	322M	352M	327M	299M	261M	259M	246M	198M	185M	169M	144M	901M	1,001M	977M	840M	719M	555M	486M	538M	478M	456M	406M	361M	316M	287M	174M
Return on Operating Expenses	288.80%	269.05%	209.13%	168.69%	128.22%	103.44%	86.69%	235.17%	274.36%	247.72%	287.24%	331.45%	269.75%	209.09%	175.11%	185.11%	154.85%	113.41%	117.52%	108.67%	104.20%	91.37%	82.31%	52.52%	3.87%	6.86%	7.35%	8.64%	7.43%	7.03%	5.68%	3.43%	2.49%	3.00%	3.55%	3.08%	3.18%	2.14%	2.76%
Operating Income (EBIT)	1,675M	1,465M	1,052M	797M	626M	509M	427M	1,391M	1,631M	1,544M	1,641M	1,841M	1,392M	907M	819M	817M	576M	484M	498M	441M	338M	285M	234M	138M	70M	129M	130M	130M	98M	71M	51M	36M	25M	27M	28M	23M	20M	13M	0M
Return on Operating Income (EBIT)	75.73%	75.14%	72.78%	68.22%	64.58%	62.04%	58.31%	76.03%	76.38%	76.82%	75.55%	74.82%	74.33%	74.18%	75.18%	74.13%	80.53%	61.13%	61.15%	60.62%	60.90%	59.40%	59.58%	54.92%	49.54%	53.21%	55.28%	55.61%	54.80%	55.22%	53.89%	50.88%	48.15%	51.19%	51.33%	49.25%	50.16%	47.44%	0.00%
Interest Income	12M	7M	5M	3M	3M	2M	2M	5M	20M	17M	13M	5M	1M	2M	7M	3M	1M	0M	0M	0M	0M	0M	0M	0M	0M	1M	2M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Income	14,951.37%	42,642.51%	96,016.64%	108,442.26%	87,845.86%	72,713.68%	60,594.74%	21,992.03%	6,100.61%	6,972.39%	9,684.37%	28,197.36%	131,599.87%	36,758.58%	9,101.26%	19,456.09%	62,672.16%	509,939.66%	145,784.69%	247,698.15%	140,212.93%	149,957.52%	77,483.33%	51,115.54%	81,095.35%	6,895.28%	4,769.72%	3,244.03%	34,278.85%	60,925.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	1M	1M	2M	5M	7M	6M	5M	0M	0M	0M	0M	2M	2M	3M	0M	0M	2M	4M	5M	7M	10M	12M	14M	13M	13M	14M	14M	12M	7M	5M	6M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Expense	304,904.14%	199,757.31%	151,671.96%	101,731.25%	76,430.32%	61,191.55%	50,992.96%	2,857,775.68%	457,994.12%	559,468.40%	267,134.05%	88,109.98%	59,894.33%	24,179.80%	163,267.37%	320,459.26%	21,530.83%	6,827.45%	5,848.18%	4,047.11%	2,142.55%	1,468.26%	991.47%	599.79%	267.40%	490.27%	496.56%	583.21%	800.16%	730.60%	451.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	11M	6M	3M	-2M	-4M	-4M	-3M	5M	20M	17M	12M	3M	-1M	-1M	6M	3M	-1M	-4M	-5M	-7M	-9M	-11M	-14M	-12M	-13M	-13M	-13M	-10M	-7M	-5M	-6M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Interest Income	19,525.75%	-24,401.12%	-13,746.48%	-9,789.93%	-7,486.48%	-6,036.83%	-5,030.69%	22,162.59%	6,182.97%	7,060.38%	10,048.66%	41,468.20%	-109,922.95%	-70,659.87%	9,638.55%	20,713.68%	-32,798.73%	-6,920.10%	-6,092.58%	-4,114.33%	-2,175.79%	-1,482.78%	-1,004.32%	-606.91%	-268.28%	-527.80%	-554.26%	-711.04%	-819.29%	-739.47%	-451.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	-18M	-9M	-3M	5M	10M	9M	8M	-6M	-37M	-30M	-19M	-4M	4M	6M	-12M	-1M	1M	11M	13M	15M	19M	24M	28M	26M	26M	29M	27M	21M	14M	11M	12M	6M	5M	4M	5M	5M	4M	3M	-8M
Return on Unusual Items	-14,794.50%	-1,776.07%	-2,116.51%	-1,122.11%	-773.69%	-561.82%	-436.31%	-18,118.18%	-3,375.45%	-3,901.81%	-6,376.70%	-34,104.98%	25,106.19%	10,396.94%	-5,292.96%	-43,698.99%	31,592.23%	2,810.92%	2,304.07%	1,749.03%	1,072.11%	718.50%	500.34%	293.47%	132.97%	233.47%	265.04%	339.93%	386.35%	345.25%	229.43%	306.63%	228.59%	318.51%	313.13%	239.55%	262.77%	202.11%	-61.54%
EBT Excluding Unusual Items	1,700M	1,476M	1,055M	788M	610M	494M	414M	1,398M	1,685M	1,588M	1,667M	1,845M	1,384M	895M	836M	817M	574M	467M	477M	417M	309M	250M	192M	99M	31M	83M	89M	98M	76M	53M	33M	24M	14M	18M	19M	13M	12M	7M	16M
Return on EBT Excluding Unusual Items	74.55%	74.71%	72.93%	71.81%	74.87%	75.53%	74.99%	75.65%	73.95%	74.69%	74.35%	74.63%	74.72%	75.17%	73.66%	74.14%	80.75%	63.32%	63.90%	64.12%	66.60%	67.91%	72.56%	76.69%	112.70%	82.49%	80.99%	74.05%	69.97%	73.17%	82.97%	76.15%	83.20%	75.45%	76.37%	83.65%	81.14%	89.43%	30.77%
Pre-Tax Income	1,682M	1,467M	1,052M	793M	620M	503M	422M	1,392M	1,648M	1,558M	1,648M	1,841M	1,388M	901M	824M	816M	576M	478M	490M	433M	329M	273M	220M	124M	57M	113M	116M	119M	90M	65M	45M	30M	20M	22M	23M	18M	16M	10M	8M
Return on Pre-Tax Income	75.39%	75.06%	72.89%	69.31%	67.19%	65.92%	65.23%	75.97%	75.60%	76.15%	75.22%	74.79%	74.50%	74.63%	74.70%	74.27%	80.54%	61.93%	62.18%	61.85%	62.71%	62.05%	63.37%	60.80%	61.00%	60.96%	62.03%	60.81%	59.24%	60.37%	60.93%	61.00%	61.00%	61.00%	61.39%	62.00%	62.00%	62.00%	61.54%
Income Tax Expense	415M	365M	272M	216M	172M	140M	118M	335M	402M	372M	408M	464M	354M	229M	208M	210M	112M	182M	185M	165M	123M	104M	81M	49M	22M	44M	44M	47M	36M	26M	18M	12M	8M	9M	9M	7M	6M	4M	3M
Return on Income Tax Expense	306.51%	301.17%	283.07%	243.51%	221.53%	208.33%	200.55%	316.10%	309.88%	319.25%	303.60%	296.68%	292.16%	294.16%	295.31%	288.63%	413.87%	162.67%	164.41%	162.13%	168.16%	163.49%	173.01%	155.10%	156.41%	156.12%	163.39%	155.15%	146.96%	152.34%	155.96%	156.42%	156.40%	156.40%	159.02%	163.17%	163.14%	163.14%	160.00%
Depreciation and Amortization	315M	293M	251M	204M	173M	145M	123M	361M	340M	345M	324M	276M	260M	261M	254M	230M	206M	190M	165M	146M	127M	111M	91M	80M	95M	87M	80M	68M	56M	45M	38M	31M	30M	27M	25M	22M	17M	16M	-14M
Return on Depreciation and Amortization	408.36%	376.11%	295.16%	246.48%	205.28%	176.59%	152.80%	293.04%	365.94%	344.21%	382.03%	498.85%	397.99%	257.47%	242.63%	262.93%	225.39%	155.77%	184.28%	182.65%	162.20%	153.01%	153.57%	94.14%	36.79%	78.84%	89.94%	107.30%	95.67%	86.99%	72.23%	59.40%	39.83%	50.66%	56.93%	50.81%	58.45%	38.18%	-35.29%
EBITDA	1,998M	1,763M	1,305M	1,003M	799M	649M	536M	1,753M	1,988M	1,902M	1,973M	2,119M	1,652M	1,168M	1,078M	1,046M	784M	672M	661M	586M	465M	395M	325M	217M	165M	214M	210M	199M	153M	115M	90M	67M	55M	-75M	-52M	-7M	-59M	-72M	44M
Return on EBITDA	63.39%	62.08%	57.47%	52.35%	47.21%	41.60%	27.67%	60.33%	62.65%	62.35%	62.83%	64.99%	62.63%	57.59%	57.10%	57.90%	59.17%	44.03%	46.13%	45.68%	44.29%	42.86%	42.92%	34.80%	21.14%	32.13%	34.19%	36.39%	35.02%	34.00%	30.80%	27.52%	21.80%	-18.35%	-27.65%	-167.57%	-17.05%	-8.53%	10.88%
NOPAT	1,262M	1,100M	779M	579M	451M	366M	307M	1,057M	1,233M	1,176M	1,234M	1,377M	1,037M	677M	612M	607M	464M	300M	310M	273M	212M	177M	148M	84M	43M	79M	81M	79M	58M	43M	31M	22M	15M	16M	17M	14M	12M	8M	0M
Return on NOPAT	100.45%	100.10%	99.80%	98.22%	95.71%	93.61%	88.69%	100.08%	101.03%	100.88%	100.43%	100.04%	99.77%	99.39%	100.64%	99.81%	99.99%	98.71%	98.35%	98.01%	97.12%	95.74%	94.02%	90.33%	81.21%	87.29%	89.12%	91.46%	91.80%	91.47%	88.44%	83.41%	78.94%	83.93%	83.61%	79.44%	80.91%	76.53%	0.00%
Owner's Earnings	815M	779M	490M	328M	234M	184M	151M	878M	880M	759M	807M	878M	744M	709M	390M	248M	287M	68M	8M	46M	38M	-93M	-20M	50M	-81M	-26M	-35M	-59M	-33M	-10M	-36M	-20M	-2M	-22M	4M	-12M	-7M	-16M	-37M
Return on Owner's Earnings	155.57%	140.12%	552.23%	394.58%	256.00%	153.75%	131.53%	120.43%	141.59%	156.20%	153.66%	156.84%	138.99%	94.90%	157.88%	244.48%	161.36%	436.93%	3,821.04%	577.78%	548.48%	-182.21%	-700.01%	152.32%	-42.93%	-267.13%	-204.46%	-123.22%	-160.95%	-394.50%	-76.47%	-90.28%	-653.76%	-61.28%	388.80%	-92.11%	-143.15%	-38.19%	-13.11%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,268M	1,102M	780M	577M	448M	363M	304M	1,186M	1,240M	1,377M	1,034M	673M	616M	606M	464M	296M	305M	268M	206M	169M	139M	76M	35M	69M	72M	73M	53M	39M	28M	18M	12M	14M	14M	11M	10M	6M	5M
Cash & Cash Equivalents	243M	319M	234M	166M	127M	102M	85M	109M	434M	186M	463M	401M	404M	190M	127M	10M	11M	35M	30M	13M	76M	5M	4M	24M	6M	3M	1M	1M	1M	19M	1M	1M	1M	1M	1M	1M	1M
Return on Cash & Cash Equivalents	705.43%	501.49%	890.60%	883.20%	1,187.89%	1,425.62%	1,386.50%	1,091.38%	285.73%	739.17%	223.62%	167.57%	152.52%	318.30%	363.85%	2,907.92%	2,655.94%	769.01%	683.08%	1,317.97%	183.88%	1,388.09%	836.03%	284.92%	1,135.15%	2,830.30%	5,423.43%	5,254.99%	2,626.07%	95.86%	1,564.39%	2,341.20%	1,843.92%	1,687.41%	1,489.32%	454.10%	480.00%
Short-Term Investments	16M	127M	63M	42M	37M	30M	25M	0M	0M	49M	254M	330M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	5M	24M	85M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	930.10%	680.11%	340.05%	226.70%	259.66%	207.73%	173.11%	0.00%	0.00%	2,790.31%	406.54%	203.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,412.82%	294.70%	85.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	259M	445M	297M	209M	164M	132M	110M	109M	434M	236M	717M	732M	404M	190M	127M	10M	11M	35M	30M	13M	76M	5M	4M	29M	31M	88M	1M	1M	1M	19M	1M	1M	1M	1M	1M	1M	1M
Return on Cash & Short-Term Investments	653.83%	439.54%	859.62%	862.55%	987.57%	1,265.36%	1,252.96%	1,091.38%	285.73%	584.37%	144.26%	91.93%	152.52%	318.30%	363.85%	2,907.92%	2,655.94%	769.01%	683.08%	1,317.97%	183.88%	1,388.09%	836.03%	237.10%	233.96%	82.72%	5,423.43%	5,254.99%	2,626.07%	95.86%	1,564.39%	2,341.20%	1,843.92%	1,687.41%	1,489.32%	454.10%	480.00%
Net Receivables	583M	560M	477M	400M	336M	283M	243M	528M	615M	605M	599M	454M	408M	468M	416M	334M	345M	348M	258M	220M	218M	181M	141M	147M	158M	145M	127M	97M	76M	68M	52M	59M	56M	51M	45M	41M	37M
Return on Net Receivables	217.93%	194.91%	154.30%	125.49%	104.58%	89.66%	77.97%	224.77%	201.44%	227.58%	172.65%	148.10%	150.80%	129.34%	111.54%	88.42%	88.30%	76.89%	79.80%	76.90%	64.00%	41.87%	24.75%	46.87%	45.42%	50.05%	42.04%	40.09%	36.52%	27.15%	22.82%	23.32%	25.65%	21.73%	22.36%	15.03%	12.83%
Inventory	0M	0M	0M	-12M	-9M	-6M	-4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-181M	0M	0M	0M	0M	0M	11M	9M	8M	7M	7M	6M	6M	5M	5M	4M
Return on Inventory	0.00%	0.00%	0.00%	-2.79%	-2.09%	49.26%	69.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-41.87%	0.00%	0.00%	0.00%	0.00%	0.00%	369.56%	312.46%	231.12%	162.06%	198.15%	224.04%	175.81%	198.69%	136.11%	123.08%
Other Current Assets	90M	54M	27M	24M	21M	18M	15M	84M	94M	93M	0M	0M	0M	0M	0M	0M	0M	0M	23M	20M	19M	19M	16M	20M	14M	12M	11M	5M	5M	4M	1M	1M	2M	2M	2M	3M	8M
Return on Other Current Assets	1,401.36%	840.81%	420.41%	470.49%	460.75%	538.57%	513.45%	1,406.70%	1,315.67%	1,481.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	886.55%	844.98%	716.48%	405.29%	214.67%	338.84%	514.41%	589.03%	500.66%	847.28%	608.06%	503.05%	1,363.69%	927.29%	634.41%	502.49%	509.54%	234.06%	58.54%
Total Current Assets	933M	1,085M	835M	661M	546M	456M	391M	721M	1,143M	934M	1,384M	1,243M	867M	706M	585M	383M	382M	404M	333M	275M	332M	223M	174M	209M	216M	256M	150M	123M	101M	115M	74M	80M	76M	70M	60M	56M	51M
Return on Total Current Assets	140.16%	109.87%	94.25%	80.55%	67.91%	58.67%	51.29%	164.58%	108.41%	147.49%	74.75%	54.10%	71.01%	85.76%	79.32%	77.30%	79.82%	66.25%	61.90%	61.61%	42.03%	33.99%	20.02%	32.82%	33.21%	28.31%	35.60%	31.82%	27.23%	16.12%	16.12%	17.08%	18.89%	15.93%	16.77%	10.92%	9.50%
Property, Plant & Equipment	4,096M	3,684M	3,081M	2,504M	2,056M	1,699M	1,438M	4,505M	4,095M	3,687M	3,216M	2,914M	2,969M	2,755M	2,404M	2,241M	2,023M	1,743M	1,543M	1,379M	1,127M	964M	939M	824M	721M	608M	466M	363M	316M	256M	218M	201M	167M	159M	125M	109M	88M
Return on Property, Plant & Equipment	31.31%	29.84%	23.95%	20.04%	17.30%	15.40%	13.99%	26.33%	30.27%	37.35%	32.17%	23.08%	20.73%	21.98%	19.29%	13.20%	15.06%	15.35%	13.36%	12.29%	12.38%	7.85%	3.71%	8.33%	9.96%	11.94%	11.47%	10.73%	8.74%	7.22%	5.46%	6.80%	8.63%	6.99%	8.04%	5.63%	5.45%
Goodwill	0M	0M	10M	13M	10M	9M	7M	0M	0M	0M	0M	0M	19M	19M	19M	19M	19M	19M	19M	19M	19M	19M	0M	0M	0M	0M	13M	11M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	0.00%	0.00%	1,174.24%	1,076.78%	827.71%	676.81%	564.01%	0.00%	0.00%	0.00%	0.00%	0.00%	3,162.50%	3,111.89%	2,382.85%	1,519.63%	1,565.48%	1,374.47%	1,059.00%	870.64%	716.59%	388.69%	0.00%	0.00%	0.00%	0.00%	402.43%	366.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	0M	0M	0M	0M	5M	4M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	2M	0M	0M	25M	26M	24M	17M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Intangible Assets	0.00%	0.00%	0.00%	470.70%	410.45%	328.36%	273.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7,060.50%	0.00%	0.00%	141.55%	268.79%	305.43%	432.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	252M	238M	155M	116M	92M	77M	66M	265M	274M	218M	222M	212M	140M	65M	60M	53M	42M	40M	37M	39M	35M	34M	26M	16M	20M	11M	25M	19M	17M	19M	19M	15M	14M	13M	6M	5M	5M
Return on Other Non-Current Assets	510.78%	463.07%	575.39%	536.20%	491.09%	417.49%	366.63%	447.10%	452.94%	632.30%	465.79%	317.24%	438.29%	936.87%	774.91%	560.59%	727.83%	662.39%	563.33%	437.66%	400.67%	225.02%	133.38%	439.11%	362.73%	632.91%	210.83%	206.00%	158.43%	96.63%	63.35%	91.03%	100.26%	85.46%	157.56%	116.21%	102.13%
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	4,348M	3,922M	3,246M	2,633M	2,162M	1,787M	1,512M	4,771M	4,369M	3,905M	3,438M	3,126M	3,129M	2,839M	2,484M	2,314M	2,085M	1,803M	1,599M	1,437M	1,181M	1,017M	985M	866M	765M	636M	491M	382M	333M	275M	237M	216M	181M	172M	131M	114M	93M
Return on Total Non-Current Assets	29.50%	28.02%	22.72%	19.06%	16.46%	14.63%	13.28%	24.86%	28.37%	35.27%	30.09%	21.52%	19.67%	21.33%	18.67%	12.78%	14.62%	14.84%	12.89%	11.79%	11.81%	7.44%	3.54%	7.93%	9.39%	11.41%	10.88%	10.20%	8.28%	6.72%	5.02%	6.33%	7.94%	6.46%	7.65%	5.37%	5.17%
Total Assets	5,281M	5,007M	4,081M	3,296M	2,709M	2,245M	1,904M	5,491M	5,512M	4,839M	4,822M	4,369M	3,996M	3,545M	3,068M	2,696M	2,467M	2,236M	1,932M	1,713M	1,513M	1,240M	1,159M	1,075M	981M	892M	642M	509M	435M	389M	311M	297M	258M	242M	191M	171M	143M
Return on Total Assets	24.18%	21.88%	18.03%	15.21%	13.07%	11.54%	10.36%	21.60%	22.49%	28.46%	21.45%	15.40%	15.41%	17.08%	15.11%	10.97%	12.35%	11.96%	10.67%	9.89%	9.22%	6.10%	3.01%	6.39%	7.32%	8.13%	8.33%	7.65%	6.35%	4.74%	3.83%	4.62%	5.59%	4.60%	5.25%	3.60%	3.35%
Accounts Payable	104M	92M	84M	69M	61M	52M	46M	92M	113M	106M	83M	69M	70M	79M	74M	89M	67M	45M	37M	45M	42M	29M	33M	41M	33M	38M	31M	25M	12M	17M	14M	27M	23M	21M	14M	15M	11M
Return on Accounts Payable	1,228.90%	1,184.41%	898.64%	740.31%	597.86%	503.41%	428.60%	1,291.75%	1,099.10%	1,295.84%	1,253.50%	981.86%	876.13%	771.37%	629.03%	331.52%	456.30%	590.36%	560.27%	377.47%	331.31%	258.89%	104.19%	167.51%	215.45%	192.56%	172.68%	154.09%	226.51%	109.63%	86.27%	51.65%	62.77%	52.08%	70.88%	41.35%	45.71%
Short-Term Debt	25M	15M	15M	23M	22M	20M	18M	36M	20M	20M	0M	0M	0M	0M	50M	0M	26M	36M	36M	39M	39M	37M	37M	12M	12M	13M	18M	22M	22M	11M	8M	9M	22M	9M	5M	4M	6M
Return on Short-Term Debt	5,468.55%	3,281.13%	1,848.35%	1,386.83%	1,146.51%	947.56%	810.59%	3,322.33%	6,197.51%	6,885.80%	0.00%	0.00%	0.00%	0.00%	927.55%	0.00%	1,150.29%	749.05%	577.10%	434.74%	354.40%	203.75%	95.08%	573.65%	589.12%	571.54%	298.24%	177.00%	122.99%	165.74%	141.59%	151.59%	66.03%	122.29%	195.06%	167.91%	77.42%
Tax Payables	0M	2M	2M	2M	2M	1M	1M	0M	0M	0M	0M	9M	9M	0M	0M	0M	0M	0M	2M	6M	0M	0M	0M	0M	0M	0M	4M	1M	2M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	0.00%	1,544.44%	1,478.82%	30,854.48%	23,206.43%	18,854.30%	15,786.20%	0.00%	0.00%	0.00%	0.00%	7,722.21%	7,065.99%	0.00%	0.00%	0.00%	0.00%	0.00%	9,507.06%	2,678.24%	435,843.75%	0.00%	0.00%	0.00%	0.00%	0.00%	1,311.30%	2,837.85%	1,589.86%	0.00%	2,801.18%	0.00%	0.00%	2,228.46%	0.00%	0.00%	0.00%
Deferred Revenue	0M	0M	0M	4M	5M	5M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	20M	19M	19M	16M	20M	0M	0M	11M	5M	0M	0M	0M	14M	14M	12M	11M	8M	0M
Return on Deferred Revenue	0.00%	0.00%	0.00%	131.12%	151.05%	158.72%	144.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	844.98%	716.48%	405.29%	214.67%	338.84%	0.00%	0.00%	500.66%	847.28%	0.00%	0.00%	0.00%	99.74%	100.85%	92.08%	95.58%	72.90%	0.00%
Other Current Liabilities	232M	229M	194M	156M	126M	102M	87M	128M	279M	288M	258M	191M	193M	198M	153M	129M	125M	106M	97M	80M	67M	51M	37M	43M	39M	36M	27M	21M	0M	0M	0M	14M	13M	12M	9M	9M	15M
Return on Other Current Liabilities	617.22%	520.87%	400.68%	335.92%	293.81%	246.24%	219.08%	929.60%	444.34%	477.72%	401.07%	351.63%	319.71%	305.19%	303.98%	228.97%	244.56%	251.90%	212.08%	211.69%	208.98%	147.31%	93.60%	159.24%	185.56%	203.57%	195.56%	182.86%	0.00%	0.00%	0.00%	96.94%	114.77%	92.97%	108.23%	68.89%	31.58%
Total Current Liabilities	538M	490M	410M	346M	292M	248M	214M	541M	545M	530M	464M	373M	366M	357M	351M	289M	285M	256M	232M	225M	205M	170M	148M	142M	128M	122M	111M	94M	78M	63M	51M	63M	72M	54M	39M	36M	32M
Return on Total Current Liabilities	235.65%	222.01%	178.93%	144.71%	120.33%	102.31%	88.54%	219.43%	227.57%	259.94%	222.81%	180.28%	168.14%	169.78%	132.11%	102.47%	106.76%	104.65%	88.80%	75.27%	68.10%	44.49%	23.54%	48.30%	56.24%	59.70%	48.16%	41.56%	35.23%	29.24%	23.54%	21.60%	20.12%	20.41%	25.68%	17.13%	15.05%
Long-Term Debt	60M	76M	73M	110M	139M	126M	112M	40M	60M	80M	100M	100M	45M	45M	45M	105M	107M	120M	156M	198M	224M	233M	268M	239M	249M	261M	110M	57M	75M	82M	90M	75M	43M	61M	42M	39M	24M
Return on Long-Term Debt	2,251.67%	1,692.62%	1,277.31%	887.26%	672.80%	544.61%	457.54%	2,966.15%	2,066.63%	1,722.25%	1,034.92%	673.15%	1,367.82%	1,345.93%	1,030.61%	281.75%	283.92%	222.93%	132.37%	85.51%	62.40%	32.51%	13.03%	28.79%	28.80%	27.83%	48.63%	68.49%	36.81%	22.49%	13.23%	18.38%	33.44%	18.08%	23.81%	15.56%	20.00%
Capital Lease Obligations	98M	95M	53M	35M	27M	21M	18M	108M	105M	81M	89M	93M	54M	0M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	1,327.44%	1,173.63%	2,749.20%	1,832.80%	1,374.60%	1,099.68%	916.40%	1,095.17%	1,182.73%	1,704.40%	1,164.84%	720.99%	1,147.37%	0.00%	0.00%	0.00%	20,476.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	352M	305M	273M	233M	190M	158M	134M	382M	363M	311M	249M	220M	262M	248M	190M	273M	235M	191M	189M	153M	135M	91M	81M	74M	62M	52M	43M	39M	31M	26M	21M	22M	21M	20M	17M	13M	10M
Return on Deferred Tax Liabilities	365.13%	363.35%	277.85%	221.64%	192.01%	168.79%	149.96%	310.55%	341.34%	443.51%	415.88%	305.47%	234.96%	244.55%	244.14%	108.50%	129.63%	139.76%	108.99%	110.62%	103.38%	83.35%	43.20%	92.85%	115.28%	139.25%	125.02%	99.18%	88.28%	71.41%	57.29%	63.28%	69.24%	56.88%	60.41%	45.93%	46.60%
Other Non-Current Liabilities	248M	285M	242M	197M	160M	131M	111M	192M	287M	265M	329M	350M	242M	215M	206M	179M	154M	146M	123M	107M	87M	76M	69M	61M	50M	39M	32M	23M	17M	15M	13M	12M	11M	10M	8M	7M	8M
Return on Other Non-Current Liabilities	523.18%	415.27%	320.08%	264.66%	231.60%	211.64%	193.70%	618.52%	432.16%	518.86%	314.55%	192.28%	254.55%	281.18%	225.61%	165.34%	197.73%	183.54%	167.50%	158.68%	160.31%	99.11%	50.85%	113.33%	143.66%	185.95%	168.32%	172.18%	158.28%	124.36%	92.72%	111.39%	129.72%	115.40%	130.30%	86.85%	57.83%
Total Non-Current Liabilities	691M	684M	597M	547M	495M	420M	361M	706M	710M	656M	678M	670M	549M	508M	441M	556M	496M	457M	468M	461M	452M	401M	418M	375M	364M	353M	186M	119M	124M	123M	124M	108M	75M	91M	66M	60M	43M
Return on Total Non-Current Liabilities	184.16%	161.11%	125.67%	96.38%	77.08%	65.35%	56.73%	167.93%	174.60%	209.96%	152.67%	100.40%	112.16%	119.21%	105.28%	53.15%	61.37%	58.52%	44.05%	36.73%	30.87%	18.86%	8.34%	18.33%	19.74%	20.56%	28.82%	32.66%	22.31%	15.04%	9.63%	12.63%	19.21%	12.26%	15.10%	10.25%	11.27%
Total Liabilities	1,229M	1,174M	1,007M	895M	789M	669M	576M	1,247M	1,255M	1,186M	1,142M	1,043M	915M	865M	792M	845M	782M	742M	700M	687M	657M	571M	566M	517M	492M	475M	297M	218M	202M	186M	174M	172M	147M	145M	106M	96M	75M
Return on Total Liabilities	103.36%	93.03%	73.50%	57.31%	46.35%	39.33%	34.11%	95.13%	98.80%	116.15%	90.60%	64.49%	67.28%	70.04%	58.59%	35.00%	38.97%	36.04%	29.44%	24.68%	21.24%	13.24%	6.16%	13.29%	14.61%	15.29%	18.03%	17.90%	13.66%	9.93%	6.83%	7.97%	9.83%	7.66%	9.51%	6.41%	6.44%
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	18M	15M	12M	11M	9M	8M	6M	21M	22M	11M	12M	12M	12M	8M	8M	8M	8M	9M	9M	9M	9M	6M	6M	4M	4M	4M	4M	4M	2M	1M	1M	1M	1M	1M	1M	1M	0M
Return on Common Stock	7,917.06%	7,698.29%	6,392.50%	4,957.51%	4,106.81%	3,588.62%	3,157.68%	5,568.94%	5,687.62%	12,494.64%	8,993.78%	5,746.47%	5,149.49%	7,456.21%	5,629.69%	3,588.51%	3,609.64%	3,107.38%	2,392.21%	1,966.71%	1,618.73%	1,352.60%	623.48%	1,842.19%	1,926.82%	1,946.59%	1,434.42%	1,046.48%	1,718.56%	1,733.52%	1,432.61%	1,648.13%	1,732.97%	1,338.15%	1,207.94%	735.81%	0.00%
Retained Earnings	3,799M	3,596M	2,874M	2,223M	1,764M	1,439M	1,210M	3,995M	4,005M	3,397M	3,494M	3,088M	2,850M	2,530M	2,130M	1,707M	1,542M	1,351M	1,089M	883M	714M	574M	498M	464M	395M	323M	250M	197M	158M	130M	112M	100M	86M	72M	61M	51M	45M
Return on Retained Earnings	33.73%	30.51%	25.70%	23.17%	21.57%	20.29%	19.29%	29.69%	30.95%	40.54%	29.61%	21.78%	21.59%	23.94%	21.77%	17.32%	19.76%	19.80%	18.93%	19.19%	19.55%	13.18%	7.00%	14.82%	18.19%	22.47%	21.35%	19.80%	17.47%	14.16%	10.64%	13.70%	16.69%	15.47%	16.52%	12.11%	10.76%
Accumulated OCI	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	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 Accumulated OCI	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	4,052M	3,832M	3,074M	2,401M	1,921M	1,576M	1,328M	4,245M	4,258M	3,653M	3,680M	3,326M	3,081M	2,680M	2,277M	1,851M	1,685M	1,494M	1,232M	1,026M	857M	669M	593M	558M	489M	418M	345M	292M	233M	204M	137M	125M	111M	97M	86M	75M	69M
Return on Total Shareholders’ Equity	31.58%	28.62%	24.01%	21.26%	19.23%	17.54%	16.33%	27.94%	29.11%	37.70%	28.11%	20.22%	19.98%	22.60%	20.37%	15.98%	18.09%	17.91%	16.73%	16.52%	16.28%	11.31%	5.88%	12.30%	14.68%	17.38%	15.50%	13.38%	11.87%	9.07%	8.71%	10.98%	12.97%	11.51%	11.74%	8.20%	6.98%
Total Equity	4,052M	3,832M	3,074M	2,401M	1,921M	1,576M	1,328M	4,245M	4,258M	3,653M	3,680M	3,326M	3,081M	2,680M	2,277M	1,851M	1,685M	1,494M	1,232M	1,026M	857M	669M	593M	558M	489M	418M	345M	292M	233M	204M	137M	125M	111M	97M	86M	75M	69M
Return on Total Equity	31.58%	28.62%	24.01%	21.26%	19.23%	17.54%	16.33%	27.94%	29.11%	37.70%	28.11%	20.22%	19.98%	22.60%	20.37%	15.98%	18.09%	17.91%	16.73%	16.52%	16.28%	11.31%	5.88%	12.30%	14.68%	17.38%	15.50%	13.38%	11.87%	9.07%	8.71%	10.98%	12.97%	11.51%	11.74%	8.20%	6.98%
Total Liabilities & Equity	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Liabilities & Equity	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	16M	127M	63M	42M	37M	30M	25M	0M	0M	49M	254M	330M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	5M	24M	85M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Investments	930.10%	680.11%	340.05%	226.70%	259.66%	207.73%	173.11%	0.00%	0.00%	2,790.31%	406.54%	203.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,412.82%	294.70%	85.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	-127M	-209M	-136M	-26M	40M	49M	49M	60M	-354M	-86M	-363M	-301M	-359M	-145M	-32M	95M	122M	121M	161M	228M	193M	266M	301M	228M	257M	272M	128M	79M	96M	74M	98M	83M	64M	70M	47M	42M	29M
Return on Net Debt	14.83%	-92.77%	-192.00%	-93.06%	-62.89%	-45.04%	-34.50%	1,989.69%	-350.32%	-1,594.88%	-285.25%	-223.11%	-171.66%	-416.89%	-1,428.67%	311.98%	249.07%	221.22%	127.82%	74.47%	72.14%	28.47%	11.57%	30.14%	27.90%	26.68%	41.79%	49.54%	28.64%	24.96%	12.19%	16.51%	22.47%	15.90%	21.53%	14.70%	16.44%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,268M	1,102M	780M	577M	448M	363M	304M	1,186M	1,240M	1,377M	1,034M	673M	616M	606M	464M	296M	305M	268M	206M	169M	139M	76M	35M	69M	72M	73M	53M	39M	28M	18M	12M	14M	14M	11M	10M	6M	5M
Working Capital	394M	595M	425M	315M	254M	209M	177M	180M	599M	404M	920M	870M	501M	349M	234M	94M	96M	148M	101M	50M	127M	53M	26M	67M	89M	135M	39M	29M	23M	51M	23M	17M	5M	15M	21M	20M	19M
Return on Working Capital	402.11%	279.22%	252.19%	233.35%	200.40%	177.29%	163.91%	658.37%	207.04%	340.93%	112.49%	77.30%	122.92%	173.30%	198.53%	314.69%	316.30%	180.59%	204.36%	339.66%	109.78%	144.00%	133.86%	102.44%	81.12%	53.83%	136.47%	135.78%	119.80%	35.91%	51.09%	81.59%	308.24%	72.64%	48.32%	30.12%	25.81%
Total Capital	4,168M	3,942M	3,171M	2,541M	2,087M	1,727M	1,462M	4,413M	4,338M	3,753M	3,780M	3,426M	3,126M	2,725M	2,372M	1,956M	1,818M	1,650M	1,424M	1,266M	1,126M	940M	899M	810M	753M	692M	474M	371M	330M	297M	235M	208M	176M	167M	133M	118M	99M
Return on Total Capital	30.72%	27.83%	23.25%	19.80%	17.03%	15.10%	13.66%	26.88%	28.57%	36.70%	27.37%	19.63%	19.69%	22.22%	19.55%	15.12%	16.76%	16.22%	14.48%	13.38%	12.39%	8.05%	3.88%	8.48%	9.54%	10.48%	11.28%	10.51%	8.36%	6.22%	5.06%	6.58%	8.19%	6.65%	7.56%	5.20%	4.85%
Capital Employed	4,742M	4,516M	3,671M	2,950M	2,417M	1,998M	1,690M	4,951M	4,968M	4,309M	4,357M	3,996M	3,629M	3,189M	2,717M	2,408M	2,181M	1,981M	1,700M	1,487M	1,308M	1,070M	1,011M	933M	853M	771M	531M	416M	356M	326M	260M	233M	186M	187M	152M	135M	111M
Return on Capital Employed	26.96%	24.29%	20.07%	17.03%	14.71%	13.10%	11.89%	23.96%	24.95%	31.96%	23.74%	16.83%	16.96%	19.00%	17.07%	12.28%	13.97%	13.51%	12.12%	11.39%	10.66%	7.07%	3.45%	7.36%	8.42%	9.42%	10.08%	9.38%	7.75%	5.66%	4.57%	5.87%	7.74%	5.94%	6.60%	4.56%	4.31%
Invested Capital	3,925M	3,623M	2,937M	2,375M	1,960M	1,625M	1,377M	4,304M	3,904M	3,567M	3,317M	3,025M	2,722M	2,535M	2,244M	1,946M	1,807M	1,615M	1,393M	1,254M	1,050M	934M	894M	786M	747M	690M	473M	370M	329M	278M	234M	208M	175M	167M	132M	117M	98M
Return on Invested Capital	32.64%	30.27%	25.06%	21.12%	18.05%	15.93%	14.36%	27.56%	31.75%	38.61%	31.18%	22.24%	22.61%	23.89%	20.66%	15.20%	16.86%	16.56%	14.79%	13.52%	13.28%	8.10%	3.90%	8.74%	9.62%	10.52%	11.30%	10.53%	8.39%	6.65%	5.08%	6.59%	8.22%	6.68%	7.60%	5.26%	4.90%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,268M	1,102M	780M	577M	448M	363M	304M	1,057M	1,246M	1,186M	1,240M	1,377M	1,034M	673M	616M	606M	464M	296M	305M	268M	206M	169M	139M	76M	35M	69M	72M	73M	53M	39M	28M	18M	12M	14M	14M	11M	10M	6M	5M
Depreciation & Amortization	315M	293M	251M	204M	173M	145M	123M	361M	340M	345M	324M	276M	260M	261M	254M	230M	206M	190M	165M	146M	127M	111M	91M	80M	95M	87M	80M	68M	56M	45M	38M	31M	30M	27M	25M	22M	17M	16M	-14M
Return on Depreciation & Amortization	408.36%	376.11%	295.16%	246.48%	205.28%	176.59%	152.80%	293.04%	365.94%	344.21%	382.03%	498.85%	397.99%	257.47%	242.63%	262.93%	225.39%	155.77%	184.28%	182.65%	162.20%	153.01%	153.57%	94.14%	36.79%	78.84%	89.94%	107.30%	95.67%	86.99%	72.23%	59.40%	39.83%	50.66%	56.93%	50.81%	58.45%	38.18%	-35.29%
Deferred Income Tax	24M	15M	7M	8M	8M	7M	6M	-20M	12M	19M	53M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	43M	8M	11M	5M	9M	8M	-2M	8M	5M	2M	0M	2M	1M	3M	4M	3M	3M
Return on Deferred Income Tax	2,818.83%	1,691.30%	845.65%	651.37%	544.18%	361.87%	376.71%	-5,199.53%	10,189.30%	6,132.75%	2,323.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	321.74%	992.27%	323.54%	1,283.20%	839.85%	942.09%	-2,275.53%	488.07%	608.06%	810.80%	-4,578.85%	835.12%	1,208.14%	413.54%	257.72%	183.13%	192.00%
Stock-Based Compensation	13M	14M	16M	15M	13M	11M	9M	0M	11M	11M	11M	16M	15M	14M	43M	11M	23M	16M	-3M	13M	9M	6M	18M	22M	6M	6M	11M	11M	8M	1M	6M	5M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	10,100.98%	8,376.99%	4,079.63%	3,259.54%	2,627.08%	2,376.27%	1,980.23%	0.00%	11,243.18%	10,450.90%	11,186.84%	8,665.19%	6,877.95%	4,704.07%	1,434.77%	5,660.45%	2,043.06%	1,825.71%	-12,052.61%	1,990.14%	2,328.17%	2,650.59%	791.27%	336.59%	571.28%	1,125.11%	654.98%	661.70%	635.40%	6,054.66%	443.59%	366.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-18M	-34M	-14M	-12M	-7M	-6M	-5M	29M	68M	84M	-55M	-83M	-127M	9M	43M	14M	-35M	0M	11M	-19M	11M	-5M	2M	-23M	-10M	38M	-1M	7M	4M	-2M	4M	-11M	-7M	0M	-1M	9M	-4M	-1M	-7M
Return on Change in Working Capital	-829.71%	827.38%	-47,351.03%	-31,387.67%	-23,913.43%	-19,439.40%	-16,270.31%	3,649.65%	1,831.92%	1,409.34%	-2,239.51%	-1,658.97%	-812.69%	7,438.70%	1,420.37%	4,315.41%	-1,336.76%	-484,860.66%	2,814.43%	-1,415.27%	1,941.17%	-3,132.20%	5,626.06%	-324.42%	-352.59%	183.11%	-9,564.85%	1,044.31%	1,236.42%	-2,237.06%	624.72%	-166.56%	-182.84%	-5,754.62%	-1,261.03%	128.61%	-274.86%	-649.47%	-67.61%
Accounts Receivable	20M	-23M	-21M	-20M	-15M	-14M	-12M	0M	-4M	74M	0M	-13M	-126M	-49M	30M	-35M	-76M	-11M	-9M	-54M	-30M	-5M	0M	0M	0M	0M	0M	0M	0M	-21M	-8M	-16M	7M	-3M	-5M	-1M	-4M	-3M	-7M
Return on Accounts Receivable	-2,995.04%	-2,236.10%	-1,766.56%	-1,464.98%	-1,098.74%	-919.48%	-826.40%	0.00%	-32,148.23%	1,601.07%	0.00%	-10,586.20%	-823.80%	-1,371.56%	2,029.40%	-1,747.15%	-607.41%	-2,646.43%	-3,513.49%	-491.37%	-685.60%	-3,132.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-181.70%	-364.45%	-116.50%	181.34%	-531.06%	-290.05%	-1,016.45%	-249.83%	-177.93%	-70.59%
Inventory	0M	0M	0M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	23M	0M	-1M	-4M	0M	1M	0M	-4M	0M
Return on Inventory	0.00%	0.00%	0.00%	0.00%	0.00%	-303.47%	-233.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6,487.85%	122.24%	0.00%	-895.11%	-325.94%	4,706.21%	990.20%	-2,554.20%	-153.72%	-2,400.00%
Accounts Payable	-5M	-3M	-1M	0M	0M	0M	1M	0M	0M	-21M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	13M	-4M	-8M	8M	-4M	7M	6M	16M	-5M	3M	-13M	4M	2M	7M	-1M	4M	2M
Return on Accounts Payable	4,470.70%	2,682.42%	1,341.21%	847.61%	675.96%	562.71%	470.44%	0.00%	0.00%	-5,660.10%	19,072.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,083.26%	-1,781.28%	-463.03%	896.80%	-1,653.21%	1,080.06%	944.45%	244.60%	-592.78%	606.90%	-93.62%	383.53%	903.45%	154.68%	-1,436.05%	141.05%	282.35%
Other Working Capital	-34M	-9M	9M	9M	8M	7M	6M	29M	72M	31M	-62M	-70M	-2M	58M	13M	49M	42M	11M	19M	36M	41M	0M	-10M	-19M	-2M	30M	4M	0M	-1M	4M	-6M	2M	1M	3M	2M	1M	1M	2M	-2M
Return on Other Working Capital	-49.82%	-11,853.94%	-4,795.62%	-3,229.01%	-1,006.62%	-677.84%	-490.35%	3,649.65%	1,733.16%	3,821.97%	-2,004.17%	-1,967.26%	-60,278.26%	1,158.04%	4,732.93%	1,243.65%	1,113.26%	2,660.95%	1,562.67%	752.69%	506.66%	0.00%	-1,341.57%	-396.66%	-1,478.21%	230.10%	1,998.66%	31,551.74%	-3,999.63%	890.84%	-465.27%	1,072.75%	1,227.32%	460.83%	748.88%	778.71%	688.48%	286.03%	-266.67%
Other Non-Cash Items	38M	24M	21M	13M	8M	6M	6M	34M	17M	14M	-4M	105M	31M	-24M	28M	39M	-121M	64M	76M	-17M	-2M	48M	-16M	-22M	-6M	-8M	-13M	-11M	-6M	-1M	-6M	-2M	-3M	0M	0M	0M	0M	0M	27M
Return on Other Non-Cash Items	-7,318.02%	-4,268.49%	-1,715.60%	-1,996.54%	-1,672.57%	-3,625.03%	-3,414.33%	3,104.73%	7,140.98%	8,604.08%	-31,863.80%	1,305.65%	3,383.52%	-2,771.89%	2,163.20%	1,538.95%	-382.50%	463.49%	403.30%	-1,588.00%	-10,357.44%	354.05%	-852.35%	-348.33%	-587.94%	-832.95%	-564.36%	-647.24%	-870.79%	-4,533.95%	-465.82%	-1,017.75%	-430.87%	-50,725.93%	-5,926.34%	-15,661.97%	3,014.41%	6,751.65%	18.05%
Net Cash from Operating Activities	1,640M	1,413M	1,061M	806M	642M	525M	443M	1,461M	1,695M	1,659M	1,569M	1,692M	1,213M	933M	984M	900M	536M	566M	554M	392M	351M	328M	277M	141M	131M	197M	158M	155M	114M	90M	75M	44M	32M	42M	40M	44M	28M	25M	13M
Return on Net Cash from Operating Activities	77.30%	77.86%	71.29%	66.37%	59.84%	55.52%	51.55%	72.38%	73.50%	71.48%	78.99%	81.41%	85.30%	72.10%	62.56%	67.29%	86.48%	52.29%	55.01%	68.30%	58.78%	51.65%	50.28%	53.62%	26.68%	34.95%	45.54%	46.94%	47.06%	43.40%	36.77%	41.64%	36.90%	32.48%	36.01%	25.12%	36.12%	24.84%	36.36%
Capital Expenditures (PPE)	-768M	-616M	-541M	-453M	-386M	-324M	-276M	-540M	-706M	-771M	-757M	-775M	-550M	-225M	-479M	-588M	-382M	-418M	-462M	-368M	-296M	-373M	-250M	-106M	-211M	-181M	-187M	-199M	-143M	-94M	-102M	-70M	-44M	-63M	-36M	-45M	-34M	-38M	-28M
Return on Capital Expenditures (PPE)	-165.04%	-196.40%	-147.15%	-119.08%	-97.65%	-83.88%	-74.15%	-195.75%	-176.36%	-153.77%	-163.67%	-177.66%	-188.04%	-298.86%	-128.41%	-102.95%	-121.37%	-70.77%	-65.94%	-72.76%	-69.73%	-45.41%	-55.74%	-71.14%	-16.54%	-37.84%	-38.45%	-36.45%	-37.50%	-41.61%	-27.08%	-26.38%	-27.30%	-21.71%	-40.01%	-24.67%	-29.33%	-16.03%	-17.27%
Acquisitions (Net)	0M	0M	0M	0M	-4M	-4M	-4M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-7M	-7M	-20M	-19M	-23M	0M	0M	0M	-10M	0M	-1M	-17M	0M	0M	0M
Return on Acquisitions (Net)	0.00%	0.00%	0.00%	0.00%	-119.08%	-100.00%	-129.18%	27,442.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-479.85%	-945.05%	-351.58%	-373.80%	-231.36%	0.00%	0.00%	0.00%	-118.40%	0.00%	-1,309.18%	-66.23%	0.00%	0.00%	0.00%
Purchases of Investments	-10M	-6M	-3M	-2M	-29M	-23M	-19M	0M	-30M	-30M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-42M	-42M	-161M	-302M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Purchases of Investments	-1,317.86%	-790.72%	-395.36%	-263.57%	-213.33%	-170.66%	-142.22%	0.00%	-4,152.48%	-3,953.58%	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%	-82.26%	-162.01%	-44.71%	-24.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	26M	16M	8M	5M	29M	23M	19M	0M	30M	30M	49M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	5M	62M	221M	217M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	2,163.61%	1,298.17%	649.08%	432.72%	369.25%	295.40%	246.17%	0.00%	4,152.48%	3,953.58%	2,537.26%	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%	717.36%	110.99%	32.44%	33.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	99M	13M	13M	12M	13M	11M	9M	11M	43M	20M	49M	228M	95M	-327M	6M	8M	14M	11M	24M	22M	11M	12M	5M	2M	52M	3M	5M	6M	5M	2M	3M	1M	7M	2M	3M	2M	2M	1M	1M
Return on Other Investing Activities	3,015.73%	1,986.49%	3,570.11%	3,095.00%	2,607.60%	2,332.92%	2,030.86%	9,495.12%	2,926.96%	5,893.82%	2,548.48%	604.88%	1,091.24%	-205.98%	10,825.15%	7,665.71%	3,225.36%	2,805.85%	1,246.58%	1,223.42%	1,834.56%	1,409.99%	2,565.67%	3,690.29%	67.11%	1,971.78%	1,373.99%	1,289.89%	1,024.23%	2,447.71%	797.23%	2,081.40%	177.53%	667.12%	489.33%	510.09%	638.14%	595.93%	369.23%
Net Cash from Investing Activities	-653M	-593M	-523M	-438M	-377M	-316M	-270M	-525M	-664M	-751M	-660M	-547M	-455M	-552M	-474M	-580M	-368M	-407M	-438M	-346M	-284M	-361M	-245M	-104M	-204M	-166M	-141M	-298M	-160M	-92M	-98M	-69M	-47M	-61M	-34M	-60M	-33M	-37M	-27M
Return on Net Cash from Investing Activities	-199.10%	-189.28%	-144.91%	-118.36%	-97.12%	-83.49%	-73.78%	-201.33%	-187.67%	-157.89%	-187.85%	-251.55%	-227.19%	-121.94%	-129.96%	-104.36%	-126.11%	-72.60%	-69.62%	-77.36%	-72.48%	-46.92%	-56.98%	-72.53%	-17.12%	-41.42%	-50.86%	-24.35%	-33.32%	-42.33%	-28.04%	-26.72%	-25.35%	-22.44%	-42.17%	-18.63%	-30.74%	-16.47%	-18.11%
Net Debt Issuance	-13M	3M	-10M	-17M	-2M	-1M	2M	25M	0M	-20M	-20M	0M	0M	55M	0M	-50M	-10M	-29M	-25M	-36M	-49M	-30M	-11M	-35M	53M	-13M	-13M	146M	48M	-18M	4M	7M	42M	-9M	-6M	15M	9M	38M	12M
Return on Net Debt Issuance	-4,042.63%	-2,180.62%	-1,898.64%	-1,483.47%	-1,155.98%	-901.68%	-751.75%	4,229.51%	0.00%	-5,930.37%	-6,197.51%	0.00%	0.00%	1,224.77%	0.00%	-1,211.34%	-4,649.36%	-1,025.89%	-1,196.69%	-749.02%	-420.83%	-567.26%	-1,315.51%	-213.11%	65.70%	-531.10%	-564.45%	49.83%	112.55%	-216.96%	656.67%	261.46%	28.43%	-152.13%	-251.81%	72.27%	111.53%	16.12%	41.38%
Long-Term Debt Issuance	-13M	3M	-10M	-17M	-2M	-1M	1M	25M	0M	-20M	-20M	0M	0M	55M	0M	-50M	-10M	-29M	-25M	-36M	-49M	-30M	-11M	-35M	53M	-13M	-13M	146M	48M	-21M	-10M	7M	42M	-9M	-6M	15M	9M	38M	12M
Return on Long-Term Debt Issuance	-4,042.63%	-2,180.62%	-1,898.64%	-1,483.47%	-1,155.98%	-937.86%	-781.90%	4,229.51%	0.00%	-5,930.37%	-6,197.51%	0.00%	0.00%	1,224.77%	0.00%	-1,211.34%	-4,649.36%	-1,025.89%	-1,196.69%	-749.02%	-420.83%	-567.26%	-1,315.51%	-213.11%	65.70%	-531.10%	-564.45%	49.83%	112.55%	-183.02%	-281.72%	261.46%	28.43%	-152.13%	-251.81%	72.27%	111.53%	16.12%	41.38%
Short-Term Debt Issuance	0M	0M	0M	0M	2M	3M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	65M	0M	0M	-11M	-6M	3M	14M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	0.00%	0.00%	0.00%	0.00%	-74.57%	-4.98%	-4.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.61%	0.00%	0.00%	-632.52%	-912.54%	1,169.88%	197.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-899M	-720M	-426M	-281M	-211M	-166M	-138M	-748M	-870M	-967M	-454M	-1,277M	-536M	-364M	-241M	-163M	-8M	-130M	-114M	-6M	0M	0M	48M	0M	0M	0M	0M	0M	0M	20M	0M	48M	0M	0M	0M	0M	0M	0M	0M
Return on Net Stock Issuance	-167.90%	-176.26%	-778.94%	-822.47%	-616.85%	-484.04%	3,360.80%	-141.37%	-143.14%	-122.62%	-273.25%	-107.82%	-192.81%	-184.77%	-255.44%	-370.97%	-5,787.77%	-226.96%	-267.00%	-4,835.76%	0.00%	0.00%	288.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	197.40%	0.00%	38.56%	0.00%	0.00%	0.00%	69,500.00%	41,825.00%	0.00%	1,600.00%
Common Stock Issuance	0M	0M	0M	3M	2M	5M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	48M	0M	0M	0M	0M	0M	0M	20M	0M	48M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Issuance	0.00%	0.00%	0.00%	19.21%	14.41%	20.96%	3,781.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	288.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	197.40%	0.00%	38.56%	0.00%	0.00%	0.00%	69,500.00%	41,825.00%	0.00%	1,600.00%
Common Stock Repurchased	-899M	-720M	-426M	-284M	-213M	-170M	-142M	-788M	-870M	-967M	-454M	-1,277M	-536M	-364M	-241M	-163M	-8M	-130M	-114M	-6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	-167.90%	-176.26%	-778.94%	-841.68%	-631.26%	-505.01%	-420.84%	-134.19%	-143.14%	-122.62%	-273.25%	-107.82%	-192.81%	-184.77%	-255.44%	-370.97%	-5,787.77%	-226.96%	-267.00%	-4,835.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	40M	0M	0M	0M	0M	0M	0M	0M	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%	2,643.44%	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%	0.00%	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	-178M	-139M	-83M	-55M	-41M	-33M	-28M	-233M	-212M	-224M	-175M	-134M	-92M	-71M	-55M	-43M	-33M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Dividends Paid	-754.12%	-865.87%	-828.91%	-552.61%	-414.46%	-331.57%	-276.30%	-454.55%	-588.16%	-530.40%	-707.93%	-1,024.03%	-1,119.87%	-947.13%	-1,128.31%	-1,422.89%	-1,408.58%	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%	0.00%	0.00%
Common Dividends Paid	-178M	-139M	-83M	-55M	-41M	-33M	-28M	-233M	-212M	-224M	-175M	-134M	-92M	-71M	-55M	-43M	-33M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Dividends Paid	-754.12%	-865.87%	-828.91%	-552.61%	-414.46%	-331.57%	-276.30%	-454.55%	-588.16%	-530.40%	-707.93%	-1,024.03%	-1,119.87%	-947.13%	-1,128.31%	-1,422.89%	-1,408.58%	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%	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	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	-15M	-23M	-12M	-8M	-6M	-5M	-5M	-8M	-81M	-22M	-13M	-9M	-67M	-3M	-1M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	0M	0M	1M	-12M	-27M	28M	0M	0M	-5M	-25M	0M
Return on Other Financing Activities	-10,222.06%	-10,462.40%	-37,353.63%	-841,912.42%	-632,690.66%	-505,132.26%	-421,111.27%	-13,707.25%	-1,528.93%	-5,318.71%	-9,443.11%	-15,904.37%	-1,535.75%	-20,110.07%	-42,508.15%	-56,393.67%	-134,818.02%	-87,504.44%	0.00%	0.00%	0.00%	-8,472,600.00%	0.00%	-3,782,550.00%	0.00%	0.00%	0.00%	-11,857.68%	-13,269.23%	22,802.34%	2,857.14%	-158.12%	-44.11%	49.49%	0.00%	0.00%	-207.40%	-24.39%	-4,800.00%
Net Cash from Financing Activities	-1,105M	-879M	-530M	-361M	-260M	-205M	-169M	-963M	-1,164M	-1,233M	-662M	-1,420M	-696M	-384M	-297M	-257M	-51M	-159M	-140M	-41M	-49M	-30M	38M	-36M	53M	-13M	-13M	145M	47M	2M	5M	43M	15M	19M	-6M	15M	4M	13M	12M
Return on Net Cash from Financing Activities	-126.81%	-140.88%	-245.60%	-262.45%	-240.15%	-83.02%	-64.23%	-109.77%	-107.06%	-96.18%	-187.28%	-96.96%	-148.58%	-175.41%	-207.27%	-235.76%	-904.80%	-185.45%	-218.29%	-648.57%	-420.83%	-567.22%	368.99%	-213.10%	65.70%	-531.10%	-564.45%	50.04%	113.51%	1,997.54%	533.95%	42.67%	80.01%	73.35%	-251.81%	72.19%	239.91%	47.54%	40.68%
Effect of FX on Cash	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	13M
Return on Effect of FX on Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	48,004.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,440,100.00%	0.00%	0.00%	0.00%	36.09%
Net Change in Cash	-118M	-59M	7M	13M	10M	8M	7M	-28M	-132M	-325M	247M	-276M	61M	-2M	213M	63M	117M	-1M	-23M	5M	30M	13M	70M	1M	-20M	18M	4M	2M	0M	0M	-18M	18M	0M	0M	0M	0M	-1M	0M	12M
Return on Net Change in Cash	-120.83%	-6,017.91%	-5,248.20%	-2,571.25%	-496.71%	-913.13%	-2,830.70%	-3,835.11%	-940.62%	-364.81%	500.84%	-498.52%	1,691.98%	-31,419.06%	288.58%	964.13%	395.40%	-22,733.67%	-1,306.84%	5,799.13%	683.08%	1,317.97%	198.11%	5,914.86%	-174.94%	386.35%	1,908.40%	4,598.80%	21,915.98%	-12,618.77%	-151.58%	99.81%	6,764.20%	-6,987.76%	11,804.10%	-74,133.33%	-1,478.35%	1,674.11%	40.68%
Cash at Beginning of Period	361M	378M	226M	153M	117M	94M	79M	304M	1,296M	434M	186M	463M	401M	404M	190M	127M	10M	11M	35M	30M	0M	0M	5M	4M	24M	6M	3M	1M	1M	1M	19M	1M	1M	1M	1M	1M	1M	1M	2M
Return on Cash at Beginning of Period	412.14%	332.16%	1,047.32%	1,048.84%	1,716.55%	1,775.96%	1,659.97%	347.71%	96.15%	273.42%	665.28%	297.72%	257.67%	166.68%	323.48%	475.18%	4,559.77%	2,578.15%	875.87%	886.57%	0.00%	0.00%	2,559.08%	1,813.74%	144.67%	1,085.29%	2,801.56%	7,359.94%	7,206.87%	3,709.99%	143.31%	2,426.02%	2,035.04%	1,753.65%	2,185.28%	1,649.85%	741.91%	623.12%	200.00%
Cash at End of Period	243M	319M	234M	166M	127M	102M	86M	277M	1,163M	109M	434M	186M	463M	401M	404M	190M	127M	10M	11M	35M	30M	13M	76M	5M	4M	24M	6M	3M	1M	1M	1M	19M	1M	1M	1M	1M	1M	1M	14M
Return on Cash at End of Period	705.43%	501.49%	890.60%	883.20%	1,187.89%	1,425.62%	1,371.63%	382.38%	107.09%	1,091.38%	285.73%	739.17%	223.62%	167.57%	152.52%	318.30%	363.85%	2,907.92%	2,655.94%	769.01%	683.08%	1,317.97%	183.88%	1,388.09%	836.03%	284.92%	1,135.15%	2,830.30%	5,423.43%	5,254.99%	2,626.07%	95.86%	1,564.39%	2,341.20%	1,843.92%	1,687.41%	1,489.32%	454.10%	33.80%
Operating Cash Flow	1,640M	1,413M	1,061M	806M	642M	525M	443M	1,461M	1,695M	1,659M	1,569M	1,692M	1,213M	933M	984M	900M	536M	566M	554M	392M	351M	328M	277M	141M	131M	197M	158M	155M	114M	90M	75M	44M	32M	42M	40M	44M	28M	25M	13M
Return on Operating Cash Flow	77.30%	77.86%	71.29%	66.37%	59.84%	55.52%	51.55%	72.38%	73.50%	71.48%	78.99%	81.41%	85.30%	72.10%	62.56%	67.29%	86.48%	52.29%	55.01%	68.30%	58.78%	51.65%	50.28%	53.62%	26.68%	34.95%	45.54%	46.94%	47.06%	43.40%	36.77%	41.64%	36.90%	32.48%	36.01%	25.12%	36.12%	24.84%	36.36%
Capital Expenditure	-768M	-616M	-541M	-453M	-386M	-324M	-276M	-540M	-706M	-771M	-757M	-775M	-550M	-225M	-479M	-588M	-382M	-418M	-462M	-368M	-296M	-373M	-250M	-106M	-211M	-181M	-187M	-199M	-143M	-94M	-102M	-70M	-44M	-63M	-36M	-45M	-34M	-38M	-28M
Return on Capital Expenditure	-165.04%	-196.40%	-147.15%	-119.08%	-97.65%	-83.88%	-74.15%	-195.75%	-176.36%	-153.77%	-163.67%	-177.66%	-188.04%	-298.86%	-128.41%	-102.95%	-121.37%	-70.77%	-65.94%	-72.76%	-69.73%	-45.41%	-55.74%	-71.14%	-16.54%	-37.84%	-38.45%	-36.45%	-37.50%	-41.61%	-27.08%	-26.38%	-27.30%	-21.71%	-40.01%	-24.67%	-29.33%	-16.03%	-17.27%
Free Cash Flow	872M	797M	520M	353M	256M	201M	167M	921M	989M	888M	812M	916M	663M	708M	505M	312M	154M	148M	92M	24M	55M	-45M	27M	35M	-80M	15M	-29M	-44M	-29M	-4M	-27M	-26M	-11M	-21M	4M	-1M	-6M	-14M	-15M
Return on Free Cash Flow	145.51%	137.53%	183.69%	245.46%	175.07%	85.79%	29.82%	114.84%	126.01%	133.57%	152.68%	150.27%	156.13%	95.02%	121.99%	194.23%	300.82%	200.33%	331.83%	1,114.92%	374.34%	-375.42%	513.40%	217.83%	-43.50%	457.63%	-246.91%	-163.12%	-184.56%	-1,011.73%	-102.84%	-71.97%	-104.84%	-65.47%	360.30%	-1,376.24%	-155.97%	-45.21%	-32.88%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	1,268M	1,102M	780M	577M	448M	363M	304M	1,057M	1,246M	1,186M	1,240M	1,377M	1,034M	673M	616M	606M	464M	296M	305M	268M	206M	169M	139M	76M	35M	69M	72M	73M	53M	39M	28M	19M	12M	14M	15M	11M	10M	6M	5M
EBITDA	1,998M	1,763M	1,305M	1,003M	799M	649M	536M	1,753M	1,988M	1,902M	1,973M	2,119M	1,652M	1,168M	1,078M	1,046M	784M	672M	661M	586M	465M	395M	325M	217M	165M	214M	210M	199M	153M	115M	90M	67M	55M	-75M	-52M	-7M	-59M	-72M	44M
Return on EBITDA	63.39%	62.08%	57.47%	52.35%	47.21%	41.62%	27.67%	60.33%	62.65%	62.35%	62.83%	64.99%	62.63%	57.59%	57.10%	57.90%	59.17%	44.03%	46.13%	45.68%	44.29%	42.86%	42.92%	34.80%	21.14%	32.13%	34.19%	36.39%	35.02%	34.00%	30.80%	28.10%	21.80%	-18.38%	-28.11%	-167.57%	-17.05%	-8.53%	10.88%
(-) Tax Adjustment	492M	439M	339M	276M	226M	184M	152M	421M	485M	454M	489M	534M	421M	296M	273M	269M	153M	256M	250M	223M	174M	150M	119M	85M	64M	83M	80M	78M	62M	45M	35M	26M	21M	-29M	-20M	-3M	-22M	-27M	17M
Return on (-) Tax Adjustment	257.60%	249.08%	223.78%	186.34%	160.07%	137.87%	96.47%	251.02%	256.79%	261.39%	253.59%	257.81%	245.62%	226.98%	225.71%	225.01%	304.08%	115.64%	121.96%	119.75%	118.76%	112.93%	117.17%	88.77%	54.19%	82.29%	90.04%	92.85%	86.88%	85.80%	78.83%	72.05%	55.89%	-47.14%	-72.82%	-441.00%	-44.86%	-22.46%	28.30%
(-) Change In Working Capital	-18M	-34M	-14M	-12M	-7M	-6M	-5M	29M	68M	84M	-55M	-83M	-127M	9M	43M	14M	-35M	0M	11M	-19M	11M	-5M	2M	-23M	-10M	38M	-1M	7M	4M	-2M	4M	-11M	-7M	0M	-1M	9M	-4M	-1M	-7M
Return on (-) Change In Working Capital	-829.71%	827.38%	-47,351.03%	-31,387.67%	-23,913.43%	-19,439.99%	-16,271.51%	3,649.65%	1,831.92%	1,409.34%	-2,239.51%	-1,658.97%	-812.69%	7,438.70%	1,420.37%	4,315.41%	-1,336.76%	-484,860.66%	2,814.43%	-1,415.27%	1,941.17%	-3,132.20%	5,626.06%	-324.42%	-352.59%	183.11%	-9,564.85%	1,044.31%	1,236.42%	-2,237.06%	624.72%	-170.06%	-182.84%	-5,765.97%	-1,282.31%	128.61%	-274.86%	-649.47%	-67.61%
(-) Capital Expenditure	-768M	-616M	-541M	-453M	-386M	-324M	-276M	-540M	-706M	-771M	-757M	-775M	-550M	-225M	-479M	-588M	-382M	-418M	-462M	-368M	-296M	-373M	-250M	-106M	-211M	-181M	-187M	-199M	-143M	-94M	-102M	-70M	-44M	-63M	-36M	-45M	-34M	-38M	-28M
Return on (-) Capital Expenditure	-165.04%	-196.40%	-147.15%	-119.08%	-97.65%	-83.91%	-74.19%	-195.75%	-176.36%	-153.77%	-163.67%	-177.66%	-188.04%	-298.86%	-128.41%	-102.95%	-121.37%	-70.77%	-65.94%	-72.76%	-69.73%	-45.41%	-55.74%	-71.14%	-16.54%	-37.84%	-38.45%	-36.45%	-37.50%	-41.61%	-27.08%	-26.93%	-27.30%	-21.75%	-40.69%	-24.67%	-29.33%	-16.03%	-17.27%
Unlevered Free Cash Flow	756M	743M	439M	285M	194M	147M	114M	762M	729M	593M	782M	893M	808M	638M	283M	175M	284M	-2M	-62M	13M	-14M	-122M	-47M	49M	-100M	-89M	-56M	-85M	-56M	-23M	-52M	-18M	-4M	-108M	-67M	-58M	-67M	-82M	6M
Return on Unlevered Free Cash Flow	170.92%	149.27%	-1,500.79%	-981.90%	-757.55%	-632.30%	-526.55%	138.70%	170.89%	199.96%	158.51%	154.28%	128.09%	105.49%	217.77%	346.96%	163.42%	-15,992.12%	-490.28%	1,994.15%	-1,431.94%	-138.38%	-298.30%	153.91%	-34.75%	-77.42%	-128.89%	-85.59%	-95.87%	-171.62%	-53.37%	-104.79%	-314.11%	-12.66%	-21.91%	-19.23%	-14.96%	-7.49%	74.55%
(-) Net Interest Income After Taxes	8M	5M	2M	-1M	-2M	-2M	-2M	4M	15M	13M	9M	2M	-1M	-1M	5M	2M	-1M	-3M	-3M	-4M	-6M	-7M	-9M	-8M	-8M	-8M	-8M	-6M	-4M	-3M	-4M	0M	0M	0M	0M	0M	0M	0M	0M
Return on (-) Net Interest Income After Taxes	26,025.37%	-32,830.52%	-18,505.61%	-13,343.37%	-10,244.58%	-8,274.31%	-6,895.26%	29,173.74%	8,178.22%	9,271.96%	13,358.54%	55,445.62%	-147,547.61%	-94,681.09%	12,902.43%	27,890.32%	-40,723.62%	-11,174.24%	-9,798.38%	-6,652.01%	-3,469.71%	-2,389.73%	-1,584.82%	-998.20%	-439.80%	-865.86%	-893.48%	-1,169.34%	-1,372.57%	-1,224.86%	-741.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	-13M	3M	-10M	-17M	-2M	-1M	2M	25M	0M	-20M	-20M	0M	0M	55M	0M	-50M	-10M	-29M	-25M	-36M	-49M	-30M	-11M	-35M	53M	-13M	-13M	146M	48M	-18M	4M	7M	42M	-9M	-6M	15M	9M	38M	12M
Return on Net Debt Issuance	-4,042.63%	-2,180.62%	-1,898.64%	-1,483.47%	-1,155.98%	-901.48%	-751.72%	4,229.51%	0.00%	-5,930.37%	-6,197.51%	0.00%	0.00%	1,224.77%	0.00%	-1,211.34%	-4,649.36%	-1,025.89%	-1,196.69%	-749.02%	-420.83%	-567.26%	-1,315.51%	-213.11%	65.70%	-531.10%	-564.45%	49.83%	112.55%	-216.96%	656.67%	266.95%	28.43%	-152.43%	-256.06%	72.27%	111.53%	16.12%	41.38%
Levered Free Cash Flow	734M	741M	427M	268M	194M	149M	117M	784M	714M	560M	753M	890M	808M	693M	278M	122M	275M	-28M	-84M	-18M	-57M	-145M	-49M	21M	-39M	-94M	-60M	67M	-4M	-38M	-44M	-11M	38M	-117M	-73M	-42M	-58M	-44M	18M
Return on Levered Free Cash Flow	177.02%	151.21%	22.54%	-109.64%	-152.07%	-134.45%	-113.75%	134.91%	174.54%	211.66%	164.68%	154.71%	127.97%	97.03%	221.51%	494.86%	168.67%	-1,055.08%	-360.59%	-1,463.54%	-358.88%	-116.67%	-287.23%	356.30%	-88.62%	-73.29%	-118.90%	108.24%	-1,224.25%	-103.95%	-63.03%	-172.51%	31.26%	-11.69%	-20.18%	-26.19%	-17.28%	-14.00%	26.61%