Valmont Industries, Inc. (VMI)

Category: Company Returns Sector: Industrials Industry: Conglomerates Live Price: $443.58

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-28	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	248M	216M	165M	178M	158M	132M	114M	234M	299M	348M	143M	251M	196M	141M	146M	94M	116M	173M	40M	184M	278M	234M	228M	94M	154M	132M	95M	62M	39M	27M	25M	34M	27M	30M	26M	28M	38M	21M	25M
Revenue	4,198M	3,798M	3,240M	3,100M	2,704M	2,341M	2,052M	4,103M	4,053M	4,075M	4,175M	4,345M	3,502M	2,895M	2,767M	2,757M	2,746M	2,522M	2,619M	3,123M	3,304M	3,030M	2,661M	1,976M	1,787M	1,907M	1,500M	1,281M	1,108M	1,031M	838M	855M	872M	846M	614M	606M	623M	645M	545M
Return on Revenue	5.92%	5.64%	4.96%	5.66%	5.76%	5.26%	5.14%	5.70%	7.38%	8.55%	3.44%	5.77%	5.59%	4.86%	5.29%	3.42%	4.23%	6.87%	1.53%	5.89%	8.43%	7.73%	8.58%	4.78%	8.62%	6.94%	6.31%	4.80%	3.53%	2.61%	3.04%	3.93%	3.06%	3.59%	4.30%	4.55%	6.02%	3.29%	4.55%
Cost of Revenue	2,997M	2,748M	2,384M	2,279M	1,986M	1,721M	1,507M	2,860M	2,842M	2,834M	2,939M	3,219M	2,618M	2,130M	2,084M	2,089M	2,064M	1,865M	1,998M	2,315M	2,359M	2,227M	1,995M	1,456M	1,255M	1,397M	1,100M	955M	830M	786M	630M	623M	655M	604M	445M	458M	437M	458M	387M
Return on Cost of Revenue	8.32%	7.81%	6.75%	7.71%	7.86%	7.17%	7.03%	8.17%	10.53%	12.29%	4.88%	7.79%	7.47%	6.61%	7.02%	4.52%	5.63%	9.29%	2.01%	7.95%	11.81%	10.51%	11.45%	6.48%	12.27%	9.48%	8.61%	6.45%	4.71%	3.42%	4.05%	5.39%	4.08%	5.03%	5.93%	6.02%	8.58%	4.63%	6.40%
Gross Profit	1,201M	1,051M	856M	820M	718M	620M	546M	1,244M	1,211M	1,241M	1,236M	1,126M	884M	766M	683M	668M	682M	656M	621M	808M	945M	802M	667M	520M	532M	510M	400M	327M	278M	246M	208M	231M	218M	242M	195M	173M	186M	187M	157M
Return on Gross Profit	20.65%	20.49%	18.79%	21.45%	21.66%	19.83%	19.09%	18.79%	24.70%	28.06%	11.61%	22.27%	22.13%	18.38%	21.45%	14.12%	17.05%	26.40%	6.46%	22.77%	29.46%	29.17%	34.24%	18.16%	28.94%	25.94%	23.69%	18.84%	14.04%	10.93%	12.25%	14.53%	12.27%	12.55%	13.56%	15.98%	20.20%	11.35%	15.77%
R&D Expenses	20M	12M	6M	4M	3M	2M	2M	0M	0M	59M	0M	0M	0M	0M	0M	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	196.76%	118.05%	59.03%	39.35%	29.51%	23.61%	19.68%	0.00%	0.00%	590.27%	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	726M	658M	546M	503M	439M	383M	337M	724M	712M	717M	768M	693M	591M	523M	455M	440M	415M	411M	447M	450M	472M	420M	404M	341M	294M	282M	244M	217M	195M	176M	153M	161M	153M	145M	123M	105M	107M	120M	103M
Return on SG&A Expenses	34.49%	32.70%	29.63%	35.74%	36.13%	32.55%	31.28%	32.26%	42.02%	48.60%	18.67%	36.20%	33.12%	26.91%	32.19%	21.43%	28.03%	42.16%	8.97%	40.85%	58.98%	55.71%	56.58%	27.66%	52.36%	46.97%	38.78%	28.41%	20.00%	15.29%	16.62%	20.86%	17.49%	21.02%	21.53%	26.26%	34.98%	17.73%	24.05%
Operating Expenses	785M	698M	572M	520M	452M	394M	350M	825M	743M	717M	944M	693M	597M	540M	455M	456M	415M	411M	489M	450M	472M	420M	404M	341M	294M	282M	244M	217M	195M	176M	153M	161M	153M	175M	145M	125M	124M	134M	116M
Return on Operating Expenses	33.33%	31.77%	29.01%	35.33%	35.82%	32.16%	30.40%	28.34%	40.27%	48.60%	15.19%	36.20%	32.76%	26.08%	32.19%	20.69%	28.03%	42.16%	8.20%	40.85%	58.98%	55.71%	56.58%	27.66%	52.36%	46.97%	38.78%	28.41%	20.00%	15.29%	16.62%	20.86%	17.49%	17.38%	18.27%	22.10%	30.34%	15.77%	21.47%
Operating Income (EBIT)	416M	352M	285M	300M	266M	226M	197M	419M	468M	525M	292M	433M	287M	226M	228M	212M	267M	245M	132M	358M	473M	382M	263M	178M	238M	229M	156M	110M	83M	70M	55M	70M	65M	67M	50M	48M	62M	52M	42M
Return on Operating Income (EBIT)	57.83%	60.80%	55.73%	57.89%	57.75%	54.96%	54.82%	55.77%	63.91%	66.39%	49.21%	57.90%	68.21%	62.27%	64.24%	44.47%	43.52%	70.60%	30.46%	51.43%	58.87%	61.23%	86.71%	52.90%	64.68%	57.92%	60.86%	55.91%	47.16%	38.34%	46.66%	47.84%	41.05%	45.20%	52.59%	57.74%	60.48%	40.46%	59.33%
Interest Income	5M	4M	4M	5M	4M	3M	3M	8M	7M	7M	6M	2M	1M	2M	4M	5M	5M	3M	3M	6M	6M	8M	9M	5M	2M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Income	6,533.71%	8,387.89%	5,692.49%	4,767.42%	4,370.28%	3,496.22%	2,913.52%	2,790.23%	4,268.70%	4,848.38%	2,302.97%	12,449.78%	16,411.91%	5,926.41%	3,714.05%	2,021.23%	2,453.87%	5,579.13%	1,217.14%	3,042.94%	4,299.66%	2,829.69%	2,464.20%	1,949.98%	10,194.77%	5,699.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	54M	49M	46M	42M	36M	33M	29M	43M	62M	59M	57M	48M	43M	41M	40M	44M	45M	44M	45M	37M	33M	32M	36M	31M	16M	18M	17M	16M	20M	38M	13M	16M	21M	20M	9M	3M	2M	35M	2M
Return on Interest Expense	457.79%	435.00%	349.33%	435.09%	467.04%	403.71%	471.75%	546.78%	484.96%	593.06%	252.56%	527.75%	459.10%	342.53%	364.63%	213.29%	260.37%	390.08%	89.91%	500.07%	856.84%	740.15%	631.12%	304.97%	976.78%	724.79%	543.27%	376.48%	193.10%	71.41%	192.44%	212.04%	127.40%	148.50%	296.63%	1,061.54%	1,562.50%	61.10%	1,078.26%
Net Interest Income	-49M	-46M	-43M	-37M	-29M	-24M	-20M	-34M	-55M	-52M	-51M	-46M	-41M	-39M	-36M	-40M	-40M	-41M	-41M	-31M	-26M	-23M	-27M	-26M	-14M	-16M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Interest Income	-503.50%	-469.27%	-379.69%	-511.84%	-479.41%	-383.53%	-319.61%	-680.04%	-547.12%	-675.72%	-283.67%	-551.12%	-472.31%	-363.54%	-404.32%	-238.45%	-291.27%	-419.41%	-97.08%	-598.41%	-1,070.08%	-1,002.32%	-848.41%	-361.51%	-1,080.29%	-830.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	110M	94M	86M	78M	67M	61M	54M	80M	115M	107M	107M	116M	69M	73M	64M	98M	79M	66M	80M	104M	50M	46M	56M	52M	26M	39M	33M	30M	39M	63M	22M	27M	38M	39M	17M	7M	6M	54M	6M
Return on Unusual Items	224.89%	230.19%	193.44%	250.92%	264.24%	228.62%	247.85%	293.00%	260.54%	324.14%	133.96%	216.58%	283.25%	193.02%	227.84%	95.88%	148.03%	261.58%	50.14%	176.43%	560.60%	504.91%	404.35%	183.13%	588.46%	339.34%	287.96%	204.38%	100.91%	42.87%	114.18%	125.15%	71.17%	77.30%	156.21%	400.00%	681.82%	39.19%	442.86%
EBT Excluding Unusual Items	245M	209M	155M	182M	164M	134M	116M	294M	293M	361M	128M	247M	190M	119M	136M	55M	150M	154M	13M	180M	400M	313M	177M	101M	200M	167M	107M	66M	26M	-18M	23M	32M	11M	9M	25M	37M	53M	-21M	33M
Return on EBT Excluding Unusual Items	103.36%	106.27%	130.97%	118.55%	113.42%	116.33%	104.44%	79.51%	102.06%	96.41%	112.15%	101.52%	102.92%	118.35%	107.97%	171.78%	77.52%	112.32%	308.73%	102.26%	69.67%	74.80%	128.77%	93.04%	77.00%	79.52%	88.29%	92.96%	152.38%	-152.19%	109.75%	103.77%	243.53%	335.06%	104.35%	75.41%	70.22%	-100.47%	75.38%
Pre-Tax Income	356M	304M	241M	259M	231M	195M	170M	374M	408M	469M	235M	363M	259M	192M	200M	153M	228M	220M	93M	284M	449M	359M	234M	153M	226M	206M	140M	96M	64M	45M	46M	59M	48M	48M	42M	44M	59M	33M	39M
Return on Pre-Tax Income	68.16%	70.67%	66.07%	67.46%	66.83%	65.07%	64.84%	62.54%	73.33%	74.31%	61.04%	69.12%	75.49%	73.37%	73.26%	61.53%	50.88%	78.58%	43.13%	64.74%	61.97%	65.15%	97.67%	61.69%	68.09%	64.42%	67.57%	63.90%	60.71%	59.67%	55.96%	56.73%	55.07%	62.81%	62.56%	63.45%	63.67%	64.24%	64.42%
Income Tax Expense	106M	86M	71M	76M	69M	59M	52M	111M	102M	118M	90M	109M	61M	50M	48M	43M	106M	42M	47M	95M	158M	127M	-5M	55M	73M	70M	44M	31M	24M	16M	17M	22M	18M	18M	16M	16M	21M	12M	14M
Return on Income Tax Expense	228.40%	257.46%	241.86%	-121.90%	-42.67%	-2.36%	27.25%	211.05%	294.30%	295.19%	159.20%	230.81%	318.54%	283.57%	306.59%	218.73%	109.51%	411.84%	84.59%	193.88%	176.50%	185.03%	-4,974.03%	171.57%	211.18%	188.56%	215.16%	199.69%	160.50%	166.68%	154.15%	155.42%	149.12%	168.89%	167.09%	173.58%	175.23%	179.66%	181.02%
Depreciation and Amortization	97M	93M	89M	84M	73M	65M	57M	90M	96M	95M	99M	97M	93M	83M	82M	83M	85M	82M	91M	89M	77M	70M	75M	60M	45M	40M	35M	37M	40M	38M	35M	34M	36M	30M	22M	20M	16M	15M	12M
Return on Depreciation and Amortization	256.20%	229.93%	183.26%	213.06%	220.51%	193.07%	188.62%	258.83%	312.93%	365.07%	145.35%	258.18%	211.32%	169.73%	177.97%	113.91%	136.82%	210.19%	44.01%	205.96%	359.64%	333.35%	306.21%	158.19%	344.02%	334.36%	269.25%	168.42%	98.17%	69.89%	73.67%	99.08%	73.49%	100.43%	120.55%	139.39%	228.66%	143.24%	200.00%
EBITDA	508M	447M	377M	386M	340M	292M	255M	507M	565M	623M	392M	509M	395M	317M	322M	280M	358M	347M	229M	410M	559M	461M	344M	244M	287M	263M	191M	147M	123M	109M	89M	104M	101M	98M	72M	68M	78M	67M	54M
Return on EBITDA	47.28%	47.15%	41.47%	44.34%	44.63%	41.43%	41.28%	46.07%	52.91%	55.92%	36.60%	49.33%	49.49%	44.42%	45.43%	33.65%	32.46%	49.88%	17.54%	44.84%	49.79%	50.76%	66.27%	38.74%	53.71%	50.27%	49.64%	41.97%	31.86%	24.76%	28.57%	32.26%	26.34%	31.17%	36.62%	40.83%	47.83%	31.55%	45.76%
NOPAT	292M	252M	199M	211M	186M	157M	136M	295M	351M	393M	180M	304M	219M	167M	173M	152M	143M	199M	65M	238M	307M	248M	268M	114M	161M	150M	107M	75M	52M	45M	35M	45M	41M	42M	31M	30M	39M	34M	27M
Return on NOPAT	83.73%	84.92%	80.16%	82.11%	83.09%	80.29%	81.08%	79.25%	85.12%	88.72%	79.81%	82.65%	89.40%	84.00%	84.41%	61.88%	81.29%	87.25%	62.16%	77.21%	90.72%	94.50%	85.04%	82.60%	95.46%	87.97%	88.72%	82.21%	75.85%	59.72%	73.25%	75.35%	65.09%	71.96%	84.06%	91.00%	95.00%	62.98%	92.11%
Owner's Earnings	255M	212M	173M	181M	159M	135M	113M	224M	315M	364M	145M	255M	180M	117M	131M	105M	146M	198M	86M	200M	249M	207M	220M	118M	155M	121M	73M	70M	44M	48M	42M	54M	37M	14M	8M	-12M	15M	-1M	2M
Return on Owner's Earnings	97.59%	104.31%	93.68%	95.82%	97.62%	96.65%	48.48%	104.27%	94.85%	95.62%	98.67%	98.48%	108.43%	120.37%	111.55%	89.69%	79.65%	87.61%	46.76%	91.86%	111.77%	112.96%	103.87%	80.02%	99.60%	109.32%	129.25%	87.69%	89.29%	55.60%	60.10%	62.71%	71.44%	213.87%	342.86%	-235.90%	253.38%	-2,355.56%	1,033.33%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-28	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	248M	216M	165M	178M	158M	132M	114M	348M	143M	251M	196M	141M	146M	94M	116M	173M	40M	184M	278M	234M	228M	94M	154M	132M	95M	62M	39M	27M	25M	34M	27M	30M	26M	28M	38M	21M	25M
Cash & Cash Equivalents	184M	226M	304M	343M	281M	230M	194M	164M	203M	185M	177M	401M	354M	313M	493M	400M	349M	372M	614M	414M	363M	347M	181M	69M	107M	64M	47M	30M	33M	20M	25M	23M	15M	8M	12M	10M	17M
Return on Cash & Cash Equivalents	139.30%	112.68%	71.33%	63.66%	75.12%	83.20%	110.52%	211.95%	70.66%	135.30%	110.38%	35.11%	41.41%	30.12%	23.59%	43.31%	11.49%	49.51%	45.38%	56.52%	62.91%	27.21%	85.15%	193.09%	88.91%	96.91%	83.38%	88.98%	76.43%	172.33%	108.85%	131.17%	177.18%	363.16%	326.09%	223.16%	145.88%
Short-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 Short-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%
Cash & Short-Term Investments	184M	226M	304M	343M	281M	230M	194M	164M	203M	185M	177M	401M	354M	313M	493M	400M	349M	372M	614M	414M	363M	347M	181M	69M	107M	64M	47M	30M	33M	20M	25M	23M	15M	8M	12M	10M	17M
Return on Cash & Short-Term Investments	139.30%	112.68%	71.33%	63.66%	75.12%	83.20%	110.52%	211.95%	70.66%	135.30%	110.38%	35.11%	41.41%	30.12%	23.59%	43.31%	11.49%	49.51%	45.38%	56.52%	62.91%	27.21%	85.15%	193.09%	88.91%	96.91%	83.38%	88.98%	76.43%	172.33%	108.85%	131.17%	177.18%	363.16%	326.09%	223.16%	145.88%
Net Receivables	818M	763M	649M	600M	513M	441M	384M	842M	834M	779M	723M	635M	628M	601M	531M	446M	466M	537M	581M	516M	471M	411M	260M	328M	254M	231M	195M	189M	152M	133M	135M	140M	107M	116M	111M	82M	82M
Return on Net Receivables	30.26%	28.00%	24.83%	29.83%	31.55%	29.15%	28.91%	41.38%	17.19%	32.21%	27.06%	22.15%	23.30%	15.70%	21.88%	38.85%	8.60%	34.27%	47.92%	45.37%	48.52%	22.99%	59.32%	40.41%	37.22%	26.67%	19.99%	14.26%	16.79%	25.34%	19.83%	21.65%	24.72%	23.83%	33.94%	25.79%	30.17%
Inventory	659M	631M	503M	457M	397M	344M	301M	590M	658M	729M	729M	449M	375M	384M	421M	350M	341M	360M	380M	412M	394M	280M	211M	313M	220M	194M	158M	187M	116M	121M	109M	131M	85M	78M	79M	100M	76M
Return on Inventory	38.40%	34.68%	32.60%	39.92%	40.68%	37.02%	36.42%	59.00%	21.79%	34.42%	26.84%	31.34%	39.09%	24.60%	27.61%	49.49%	11.78%	51.17%	73.29%	56.76%	57.98%	33.68%	73.09%	42.24%	43.05%	31.68%	24.68%	14.38%	21.88%	27.83%	24.50%	23.26%	30.91%	35.52%	47.23%	21.14%	32.46%
Other Current Assets	89M	56M	30M	31M	28M	25M	24M	87M	92M	88M	0M	11M	0M	0M	0M	0M	25M	68M	0M	58M	0M	33M	42M	32M	23M	0M	0M	14M	11M	17M	12M	19M	13M	19M	17M	19M	10M
Return on Other Current Assets	280.61%	418.06%	225.39%	214.25%	220.01%	216.32%	211.42%	399.39%	156.37%	286.06%	0.00%	1,248.50%	0.00%	0.00%	0.00%	0.00%	163.57%	270.51%	0.00%	400.94%	0.00%	288.38%	363.40%	408.89%	414.21%	0.00%	0.00%	186.86%	233.76%	197.68%	227.78%	161.66%	204.65%	146.81%	227.27%	112.77%	243.14%
Total Current Assets	1,751M	1,705M	1,521M	1,465M	1,248M	1,064M	922M	1,683M	1,788M	1,781M	1,713M	1,561M	1,388M	1,341M	1,473M	1,253M	1,227M	1,393M	1,598M	1,426M	1,253M	1,094M	715M	756M	622M	495M	408M	429M	321M	295M	285M	313M	220M	220M	218M	211M	186M
Return on Total Current Assets	14.27%	12.65%	10.58%	11.98%	12.80%	12.03%	12.20%	20.69%	8.03%	14.09%	11.42%	9.02%	10.54%	7.04%	7.89%	13.82%	3.27%	13.21%	17.43%	16.42%	18.22%	8.63%	21.52%	17.52%	15.24%	12.44%	9.57%	6.27%	7.94%	11.40%	9.38%	9.71%	12.00%	12.55%	17.21%	10.06%	13.35%
Property, Plant & Equipment	601M	600M	564M	546M	468M	415M	369M	589M	617M	596M	599M	598M	558M	514M	519M	518M	532M	606M	534M	513M	455M	440M	283M	269M	233M	201M	195M	206M	190M	193M	210M	208M	174M	157M	141M	121M	114M
Return on Property, Plant & Equipment	41.50%	36.14%	28.87%	32.56%	34.17%	30.19%	28.45%	59.13%	23.24%	42.12%	32.68%	23.54%	26.23%	18.36%	22.40%	33.42%	7.53%	30.34%	52.13%	45.66%	50.19%	21.47%	54.38%	49.16%	40.70%	30.68%	20.07%	13.07%	13.41%	17.41%	12.74%	14.60%	15.18%	17.53%	26.63%	17.58%	21.85%
Goodwill	666M	627M	495M	443M	366M	304M	255M	624M	633M	740M	709M	430M	429M	385M	338M	321M	337M	385M	350M	331M	315M	315M	178M	175M	116M	108M	107M	0M	56M	56M	95M	79M	0M	30M	0M	0M	0M
Return on Goodwill	37.47%	34.54%	33.16%	42.16%	48.46%	45.67%	41.17%	55.82%	22.67%	33.91%	27.61%	32.69%	34.14%	24.49%	34.42%	53.95%	11.91%	47.77%	79.65%	70.76%	72.56%	29.98%	86.33%	75.53%	81.56%	56.81%	36.63%	0.00%	45.49%	60.41%	28.18%	38.58%	0.00%	93.24%	0.00%	0.00%	0.00%
Intangible Assets	154M	161M	161M	167M	144M	126M	106M	134M	151M	177M	175M	167M	176M	176M	139M	144M	170M	202M	171M	172M	168M	186M	96M	105M	58M	56M	60M	169M	14M	16M	0M	67M	25M	0M	0M	0M	0M
Return on Intangible Assets	165.66%	138.54%	105.71%	108.91%	112.83%	108.42%	93.81%	259.74%	95.21%	142.04%	111.56%	84.15%	83.31%	53.62%	83.87%	119.99%	23.57%	91.08%	162.94%	135.88%	135.83%	50.87%	159.73%	126.69%	162.34%	109.25%	64.98%	15.87%	177.51%	214.94%	0.00%	45.49%	103.94%	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	284M	262M	205M	174M	138M	113M	95M	300M	289M	264M	252M	203M	212M	114M	134M	155M	126M	143M	124M	127M	116M	57M	29M	21M	24M	32M	32M	33M	23M	19M	0M	0M	0M	0M	9M	10M	9M
Return on Other Non-Current Assets	86.93%	81.53%	78.93%	112.78%	177.55%	156.76%	1,079.65%	116.21%	49.68%	94.90%	77.65%	69.21%	68.98%	82.42%	86.46%	111.99%	31.86%	128.51%	224.78%	184.40%	197.65%	166.97%	531.55%	619.49%	397.00%	190.06%	121.29%	82.48%	109.84%	175.60%	0.00%	0.00%	0.00%	27,600.00%	398.94%	207.84%	263.83%
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	1,704M	1,649M	1,425M	1,331M	1,117M	956M	823M	1,647M	1,690M	1,776M	1,734M	1,399M	1,375M	1,190M	1,130M	1,139M	1,173M	1,337M	1,179M	1,143M	1,053M	997M	587M	570M	431M	398M	394M	408M	284M	284M	304M	275M	199M	187M	150M	131M	123M
Return on Total Non-Current Assets	14.59%	13.02%	11.26%	13.44%	14.92%	13.83%	14.50%	21.15%	8.49%	14.12%	11.28%	10.06%	10.65%	7.93%	10.29%	15.22%	3.42%	13.76%	23.63%	20.49%	21.68%	9.47%	26.24%	23.21%	21.97%	15.48%	9.93%	6.59%	8.98%	11.86%	8.77%	11.05%	13.25%	14.75%	24.97%	16.21%	20.18%
Total Assets	3,455M	3,354M	2,946M	2,795M	2,365M	2,020M	1,745M	3,330M	3,477M	3,557M	3,447M	2,959M	2,763M	2,530M	2,602M	2,392M	2,399M	2,730M	2,776M	2,569M	2,306M	2,091M	1,302M	1,326M	1,053M	892M	802M	836M	605M	579M	589M	588M	419M	407M	368M	342M	309M
Return on Total Assets	7.21%	6.41%	5.45%	6.32%	6.87%	6.41%	6.59%	10.46%	4.13%	7.05%	5.67%	4.75%	5.30%	3.73%	4.47%	7.24%	1.67%	6.74%	10.03%	9.11%	9.90%	4.51%	11.82%	9.98%	9.00%	6.90%	4.87%	3.22%	4.21%	5.81%	4.53%	5.17%	6.30%	6.78%	10.19%	6.21%	8.03%
Accounts Payable	364M	341M	271M	249M	215M	185M	162M	372M	358M	360M	348M	268M	198M	218M	228M	177M	180M	197M	216M	212M	217M	180M	118M	137M	129M	103M	91M	70M	63M	55M	57M	63M	47M	46M	49M	44M	47M
Return on Accounts Payable	67.74%	62.39%	60.01%	72.70%	74.69%	69.14%	67.44%	93.57%	40.04%	69.62%	56.24%	52.48%	73.96%	43.26%	51.00%	97.60%	22.29%	93.60%	128.86%	110.19%	105.34%	52.49%	130.23%	96.73%	73.65%	59.57%	43.10%	38.41%	40.29%	60.92%	46.81%	48.25%	56.41%	60.00%	77.00%	48.51%	52.88%
Short-Term Debt	4M	14M	11M	12M	15M	17M	18M	2M	4M	7M	18M	38M	23M	11M	1M	2M	2M	15M	19M	14M	12M	9M	12M	20M	38M	31M	19M	13M	31M	14M	22M	47M	23M	31M	26M	32M	12M
Return on Short-Term Debt	7,323.41%	4,681.83%	4,799.79%	3,692.44%	2,898.11%	2,347.30%	1,977.07%	14,750.49%	3,656.35%	3,563.39%	1,067.67%	371.27%	649.72%	823.52%	10,314.11%	10,847.34%	1,954.07%	1,215.73%	1,448.50%	1,721.24%	1,961.75%	1,041.48%	1,268.99%	647.23%	252.47%	195.58%	211.23%	212.60%	83.54%	240.24%	119.27%	64.74%	113.79%	88.46%	144.79%	66.88%	215.65%
Tax Payables	9M	7M	7M	4M	3M	3M	2M	23M	1M	4M	0M	10M	7M	5M	11M	7M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	9,394.52%	5,919.65%	3,740.34%	2,493.56%	1,870.17%	1,496.14%	1,246.78%	1,547.20%	19,789.66%	6,846.70%	0.00%	1,414.71%	2,107.50%	2,061.87%	1,011.49%	2,624.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	124M	127M	75M	50M	38M	30M	25M	127M	71M	173M	136M	130M	118M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	207.20%	174.78%	99.80%	66.54%	49.90%	39.92%	33.27%	274.37%	202.14%	145.08%	144.11%	108.21%	124.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	133M	136M	107M	98M	74M	59M	58M	143M	131M	124M	145M	138M	84M	79M	84M	72M	70M	88M	123M	102M	84M	0M	0M	0M	3M	2M	2M	2M	2M	2M	2M	2M	51M	43M	49M	54M	46M
Return on Other Current Liabilities	184.95%	158.44%	152.04%	163.92%	515.80%	743.45%	629.03%	243.49%	109.64%	201.73%	135.33%	102.00%	175.28%	118.99%	137.68%	239.26%	57.02%	209.18%	226.47%	229.70%	273.05%	0.00%	0.00%	0.00%	3,476.98%	2,525.40%	1,854.72%	1,391.36%	1,326.76%	1,876.62%	1,670.40%	2,005.28%	51.36%	63.74%	76.69%	39.26%	53.45%
Total Current Liabilities	780M	756M	582M	521M	451M	391M	346M	811M	723M	804M	766M	673M	514M	409M	403M	350M	367M	397M	437M	412M	408M	347M	257M	281M	271M	217M	179M	151M	152M	141M	139M	167M	121M	121M	124M	129M	105M
Return on Total Current Liabilities	31.32%	28.08%	28.13%	35.42%	36.18%	32.78%	31.15%	42.92%	19.84%	31.20%	25.54%	20.90%	28.50%	23.07%	28.84%	49.52%	10.94%	46.32%	63.79%	56.75%	55.95%	27.21%	59.94%	47.19%	34.94%	28.37%	21.81%	17.79%	16.82%	23.88%	19.20%	18.15%	21.75%	22.90%	30.36%	16.38%	23.66%
Long-Term Debt	903M	877M	816M	721M	596M	517M	440M	730M	1,108M	871M	947M	728M	765M	742M	754M	755M	757M	767M	471M	473M	474M	469M	160M	337M	201M	203M	219M	315M	135M	156M	187M	202M	104M	91M	21M	22M	29M
Return on Long-Term Debt	29.82%	25.89%	20.50%	27.06%	31.83%	28.60%	37.84%	47.71%	12.95%	28.80%	20.66%	19.31%	19.14%	12.72%	15.42%	22.95%	5.30%	24.00%	59.14%	49.53%	48.12%	20.14%	96.06%	39.27%	47.18%	30.35%	17.86%	8.54%	18.93%	21.62%	14.28%	15.05%	25.31%	30.50%	181.16%	96.80%	86.41%
Capital Lease Obligations	151M	136M	77M	51M	38M	31M	26M	135M	163M	155M	148M	80M	86M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	169.46%	163.24%	98.68%	65.79%	49.34%	39.47%	32.89%	258.86%	88.16%	161.36%	132.40%	175.42%	170.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	23M	32M	37M	52M	49M	44M	39M	6M	21M	41M	48M	42M	59M	43M	35M	36M	36M	72M	79M	88M	85M	90M	49M	45M	36M	35M	43M	43M	23M	18M	15M	15M	11M	12M	9M	10M	11M
Return on Deferred Tax Liabilities	2,258.90%	1,504.61%	891.79%	677.60%	565.13%	481.46%	446.01%	5,489.58%	676.61%	610.51%	408.85%	337.48%	248.55%	216.95%	333.01%	483.85%	112.47%	256.24%	352.86%	265.09%	267.04%	104.96%	312.37%	293.41%	266.44%	175.92%	90.46%	63.04%	112.04%	184.37%	177.19%	197.16%	237.84%	230.00%	416.67%	223.16%	236.19%
Other Non-Current Liabilities	48M	98M	168M	178M	140M	116M	97M	54M	45M	44M	125M	222M	194M	200M	259M	269M	268M	244M	245M	188M	140M	175M	28M	22M	24M	28M	25M	23M	22M	15M	16M	17M	5M	4M	4M	3M	3M
Return on Other Non-Current Liabilities	510.70%	350.38%	199.88%	168.60%	222.18%	209.83%	295.63%	643.55%	315.74%	572.80%	156.36%	63.46%	75.46%	47.08%	44.94%	64.47%	14.97%	75.52%	113.56%	124.36%	162.86%	53.87%	559.52%	589.06%	389.67%	219.42%	157.01%	117.73%	115.24%	218.78%	167.39%	183.00%	561.70%	657.14%	986.84%	642.42%	775.00%
Total Non-Current Liabilities	1,124M	1,143M	1,097M	1,002M	824M	707M	601M	925M	1,337M	1,111M	1,268M	1,072M	1,104M	986M	1,047M	1,059M	1,061M	1,082M	795M	749M	700M	734M	237M	405M	261M	266M	287M	380M	180M	189M	218M	234M	120M	107M	34M	35M	42M
Return on Total Non-Current Liabilities	23.65%	19.90%	15.36%	18.82%	22.66%	20.70%	26.56%	37.65%	10.73%	22.57%	15.43%	13.12%	13.27%	9.57%	11.10%	16.35%	3.78%	17.00%	35.03%	31.25%	32.61%	12.86%	64.94%	32.71%	36.35%	23.15%	13.62%	7.07%	14.20%	17.78%	12.25%	12.99%	21.98%	25.87%	111.94%	61.10%	58.49%
Total Liabilities	1,904M	1,898M	1,679M	1,523M	1,276M	1,098M	947M	1,736M	2,060M	1,915M	2,034M	1,745M	1,617M	1,395M	1,450M	1,409M	1,427M	1,479M	1,232M	1,162M	1,108M	1,081M	494M	685M	532M	483M	466M	531M	331M	330M	357M	401M	242M	227M	157M	164M	147M
Return on Total Liabilities	13.37%	11.56%	9.67%	12.08%	13.54%	12.35%	12.85%	20.06%	6.96%	13.10%	9.62%	8.06%	9.05%	6.76%	8.01%	12.29%	2.81%	12.44%	22.61%	20.15%	20.60%	8.73%	31.17%	19.32%	17.82%	12.75%	8.39%	5.06%	7.70%	10.19%	7.48%	7.57%	10.93%	12.15%	23.89%	12.92%	16.85%
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	28M	28M	28M	28M	28M	28M	27M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	28M	14M	14M
Return on Common Stock	887.21%	773.42%	591.14%	637.63%	564.55%	472.15%	415.34%	1,248.24%	514.25%	899.15%	701.18%	504.28%	524.76%	338.18%	416.63%	620.90%	143.79%	659.41%	998.17%	838.97%	818.31%	338.28%	551.76%	474.54%	339.47%	220.59%	140.07%	96.35%	91.35%	120.53%	95.67%	108.96%	94.62%	98.92%	134.41%	151.43%	177.14%
Retained Earnings	2,726M	2,563M	2,258M	1,939M	1,587M	1,327M	1,135M	2,941M	2,644M	2,593M	2,394M	2,245M	2,174M	2,028M	1,954M	1,875M	1,730M	1,719M	1,563M	1,301M	1,080M	850M	767M	624M	496M	406M	357M	325M	307M	289M	265M	245M	221M	200M	179M	153M	137M
Return on Retained Earnings	8.98%	8.28%	7.03%	9.94%	11.78%	11.45%	12.16%	11.84%	5.43%	9.67%	8.17%	6.27%	6.74%	4.65%	5.95%	9.24%	2.32%	10.70%	17.82%	18.00%	21.15%	11.10%	20.06%	21.21%	19.08%	15.17%	10.95%	8.28%	8.30%	11.63%	10.08%	12.42%	11.97%	13.77%	20.90%	13.85%	18.10%
Accumulated OCI	-294M	-291M	-296M	-198M	-147M	-119M	-99M	-333M	-273M	-275M	-263M	-310M	-313M	-303M	-279M	-346M	-267M	-134M	-48M	44M	64M	64M	17M	-1M	17M	4M	-6M	1M	-2M	-10M	-12M	-7M	-5M	-3M	-2M	3M	7M
Return on Accumulated OCI	-82.81%	-73.64%	-55.27%	-15.74%	-1,127.28%	-900.00%	-830.35%	-104.65%	-52.51%	-91.25%	-74.35%	-45.42%	-46.71%	-31.12%	-41.66%	-50.02%	-15.01%	-136.85%	-584.02%	532.73%	356.44%	148.29%	908.05%	-24,839.96%	557.27%	1,697.30%	-632.04%	2,227.09%	-1,187.10%	-334.65%	-223.24%	-436.72%	-517.65%	-985.71%	-1,875.00%	623.53%	344.44%
Minority Interest	58M	46M	47M	50M	41M	34M	29M	52M	63M	61M	27M	26M	45M	76M	39M	39M	47M	49M	23M	57M	51M	94M	22M	17M	10M	8M	7M	10M	8M	7M	6M	7M	7M	4M	4M	2M	2M
Return on Minority Interest	438.88%	518.77%	386.80%	428.35%	504.76%	482.87%	537.59%	675.98%	228.49%	412.16%	731.33%	545.87%	322.43%	124.54%	298.36%	443.00%	85.78%	378.77%	1,220.32%	409.95%	448.11%	100.15%	698.27%	785.97%	913.07%	742.48%	530.17%	265.96%	309.16%	510.92%	439.03%	451.51%	361.64%	707.69%	937.50%	921.74%	1,127.27%
Total Shareholders’ Equity	1,492M	1,409M	1,222M	1,224M	1,051M	889M	771M	1,542M	1,354M	1,581M	1,387M	1,182M	1,144M	1,060M	1,113M	943M	918M	1,202M	1,522M	1,350M	1,147M	916M	786M	624M	511M	401M	329M	295M	265M	242M	226M	192M	171M	176M	207M	175M	159M
Return on Total Shareholders’ Equity	16.35%	15.01%	12.99%	14.07%	14.88%	14.32%	14.50%	22.58%	10.59%	15.87%	14.11%	11.90%	12.79%	8.90%	10.45%	18.36%	4.37%	15.31%	18.30%	17.34%	19.91%	10.30%	19.58%	21.21%	18.55%	15.34%	11.89%	9.12%	9.60%	13.90%	11.82%	15.84%	15.48%	15.69%	18.11%	12.10%	15.57%
Total Equity	1,551M	1,455M	1,270M	1,274M	1,091M	923M	800M	1,594M	1,417M	1,642M	1,414M	1,208M	1,190M	1,136M	1,152M	983M	965M	1,250M	1,545M	1,407M	1,198M	1,010M	808M	641M	521M	410M	336M	305M	274M	249M	232M	199M	178M	180M	211M	178M	162M
Return on Total Equity	15.75%	14.55%	12.52%	13.53%	14.38%	13.84%	14.04%	21.85%	10.12%	15.28%	13.84%	11.65%	12.31%	8.31%	10.09%	17.63%	4.16%	14.71%	18.03%	16.64%	19.06%	9.34%	19.04%	20.66%	18.18%	15.03%	11.63%	8.82%	9.31%	13.53%	11.51%	15.30%	14.85%	15.35%	17.76%	11.94%	15.36%
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	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	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 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%
Net Debt	874M	801M	599M	440M	369M	335M	290M	703M	1,072M	848M	936M	446M	520M	440M	262M	356M	410M	410M	-124M	72M	123M	131M	-8M	289M	132M	171M	190M	297M	132M	150M	185M	226M	113M	114M	35M	44M	23M
Return on Net Debt	30.85%	29.00%	29.73%	46.61%	-47.91%	-35.18%	-19.00%	49.57%	13.39%	29.58%	20.90%	31.56%	28.17%	21.44%	44.33%	48.60%	9.79%	44.85%	-225.36%	324.82%	185.38%	72.18%	-1,831.76%	45.81%	71.90%	36.04%	20.53%	9.04%	19.34%	22.42%	14.44%	13.47%	23.45%	24.19%	106.84%	48.07%	106.90%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-28	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	248M	216M	165M	178M	158M	132M	114M	348M	143M	251M	196M	141M	146M	94M	116M	173M	40M	184M	278M	234M	228M	94M	154M	132M	95M	62M	39M	27M	25M	34M	27M	30M	26M	28M	38M	21M	25M
Working Capital	971M	949M	939M	943M	797M	673M	576M	872M	1,065M	977M	947M	887M	875M	932M	1,070M	903M	860M	996M	1,161M	1,014M	845M	747M	459M	475M	351M	278M	229M	277M	170M	154M	146M	146M	99M	99M	94M	81M	81M
Return on Working Capital	26.37%	23.12%	17.72%	18.83%	20.50%	19.83%	21.56%	39.94%	13.48%	25.69%	20.66%	15.86%	16.74%	10.13%	10.87%	19.18%	4.66%	18.48%	23.98%	23.10%	27.02%	12.63%	33.57%	27.86%	27.02%	22.16%	17.05%	9.69%	15.03%	21.82%	18.34%	20.88%	26.77%	27.77%	39.72%	26.04%	30.62%
Total Capital	2,551M	2,436M	2,126M	2,008M	1,700M	1,454M	1,254M	2,409M	2,629M	2,614M	2,500M	2,029M	2,018M	1,813M	1,868M	1,700M	1,677M	1,984M	2,012M	1,836M	1,633M	1,394M	959M	982M	749M	636M	566M	622M	431M	412M	435M	441M	298M	298M	254M	229M	200M
Return on Total Capital	9.84%	8.85%	7.55%	8.81%	9.55%	8.90%	9.23%	14.46%	5.46%	9.60%	7.83%	6.94%	7.26%	5.20%	6.22%	10.19%	2.39%	9.27%	13.84%	12.75%	13.98%	6.77%	16.06%	13.49%	12.65%	9.68%	6.91%	4.32%	5.92%	8.17%	6.13%	6.90%	8.86%	9.27%	14.78%	9.27%	12.43%
Capital Employed	2,675M	2,599M	2,364M	2,274M	1,914M	1,629M	1,399M	2,519M	2,754M	2,753M	2,681M	2,286M	2,250M	2,121M	2,199M	2,042M	2,033M	2,332M	2,340M	2,156M	1,898M	1,744M	1,045M	1,046M	782M	675M	623M	685M	453M	438M	450M	421M	298M	287M	245M	212M	204M
Return on Capital Employed	9.38%	8.32%	6.83%	7.76%	8.56%	8.07%	8.59%	13.83%	5.21%	9.11%	7.30%	6.16%	6.51%	4.45%	5.29%	8.48%	1.97%	7.89%	11.90%	10.86%	12.03%	5.41%	14.73%	12.66%	12.12%	9.11%	6.27%	3.92%	5.62%	7.68%	5.93%	7.23%	8.86%	9.63%	15.33%	9.99%	12.16%
Invested Capital	2,366M	2,210M	1,822M	1,664M	1,420M	1,224M	1,061M	2,245M	2,426M	2,429M	2,323M	1,628M	1,664M	1,500M	1,375M	1,300M	1,328M	1,612M	1,398M	1,422M	1,270M	1,047M	778M	913M	642M	572M	519M	592M	397M	392M	411M	418M	283M	290M	242M	219M	183M
Return on Invested Capital	10.59%	9.76%	8.87%	10.90%	11.54%	10.57%	10.72%	15.52%	5.91%	10.33%	8.42%	8.64%	8.80%	6.29%	8.45%	13.33%	3.02%	11.41%	19.91%	16.46%	17.98%	9.02%	19.79%	14.50%	14.75%	10.76%	7.53%	4.54%	6.41%	8.58%	6.50%	7.28%	9.33%	9.52%	15.48%	9.67%	13.59%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-28	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	248M	216M	165M	178M	158M	132M	114M	234M	299M	348M	143M	251M	196M	141M	146M	94M	116M	173M	40M	184M	278M	234M	228M	94M	154M	132M	95M	62M	39M	27M	25M	34M	27M	30M	26M	28M	38M	21M	25M
Depreciation & Amortization	97M	93M	89M	84M	73M	65M	57M	46M	96M	95M	99M	97M	93M	83M	82M	83M	85M	82M	91M	89M	77M	70M	75M	60M	45M	40M	35M	37M	40M	39M	35M	34M	36M	30M	22M	20M	16M	15M	12M
Return on Depreciation & Amortization	256.20%	229.93%	183.26%	213.06%	220.51%	193.05%	188.61%	503.93%	312.93%	365.07%	145.35%	258.18%	211.32%	169.73%	177.97%	113.91%	136.82%	210.19%	44.01%	205.96%	359.64%	333.35%	306.21%	158.19%	344.02%	334.36%	269.25%	168.42%	98.17%	69.56%	73.67%	99.08%	73.49%	100.43%	120.55%	139.39%	228.66%	143.24%	200.00%
Deferred Income Tax	-15M	-9M	-2M	-7M	-6M	-5M	-4M	2M	-22M	-25M	-19M	-1M	0M	-1M	4M	-2M	40M	-24M	5M	5M	-10M	4M	-85M	5M	7M	-5M	-2M	-11M	-2M	-5M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	-7,553.50%	48,560.73%	24,121.91%	16,658.76%	12,030.75%	9,601.73%	8,001.44%	13,406.88%	-1,357.13%	-1,412.53%	-769.34%	-20,478.61%	275,535.21%	-10,071.08%	3,715.94%	-5,687.22%	292.39%	-731.40%	825.79%	3,503.64%	-2,746.17%	6,292.26%	-268.72%	1,881.18%	2,087.34%	-2,940.85%	-5,846.48%	-558.12%	-2,008.17%	-571.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	37M	31M	20M	16M	12M	10M	8M	15M	32M	30M	39M	42M	29M	15M	12M	10M	11M	10M	7M	7M	7M	6M	6M	7M	7M	5M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	710.41%	751.66%	931.37%	1,700.50%	1,532.02%	1,225.62%	1,021.35%	1,515.94%	932.82%	1,165.95%	365.83%	599.43%	681.16%	945.90%	1,263.55%	907.92%	1,085.75%	1,744.36%	553.80%	2,733.67%	4,275.89%	4,015.65%	3,849.40%	1,319.25%	2,337.40%	2,795.54%	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%
Change in Working Capital	-3M	-48M	-21M	-32M	-23M	-22M	-20M	19M	103M	128M	-81M	-56M	-285M	52M	80M	-55M	-74M	10M	72M	-98M	34M	-108M	-69M	-26M	137M	-125M	-16M	-34M	53M	-60M	-10M	-3M	43M	-54M	17M	-5M	-32M	-17M	-8M
Return on Change in Working Capital	-117.91%	-30.67%	145.51%	78.52%	24.83%	-38.27%	-63.27%	1,240.61%	289.20%	271.59%	-178.09%	-447.23%	-68.71%	269.10%	182.48%	-172.92%	-156.92%	1,700.02%	55.80%	-187.01%	814.18%	-215.80%	-329.42%	-359.24%	112.41%	-105.81%	-581.85%	-179.88%	73.90%	-44.98%	-246.01%	-1,167.27%	61.62%	-56.63%	152.60%	-552.00%	-117.19%	-126.19%	-298.80%
Accounts Receivable	-54M	-51M	-21M	-24M	-18M	-15M	-12M	16M	-52M	-41M	-46M	-74M	-69M	-24M	5M	13M	-49M	25M	50M	1M	-13M	-85M	-10M	-47M	50M	-49M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	-496.99%	-469.98%	165.46%	1,126.64%	846.93%	677.54%	564.62%	1,433.98%	-570.53%	-842.87%	-309.83%	-338.26%	-282.40%	-576.54%	2,707.25%	750.54%	-236.68%	703.57%	79.81%	20,284.01%	-2,191.45%	-275.74%	-2,371.54%	-200.28%	307.16%	-268.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	44M	-36M	-25M	-22M	-16M	-15M	-14M	18M	82M	46M	88M	-3M	-290M	-22M	12M	-14M	-57M	-11M	3M	21M	13M	-14M	-119M	22M	107M	-83M	-14M	-29M	25M	-49M	9M	-10M	36M	-41M	-9M	4M	-8M	-16M	-10M
Return on Inventory	-2,130.23%	-1,420.19%	-709.36%	-376.76%	-320.94%	-260.83%	-234.37%	1,315.48%	363.36%	763.01%	162.24%	-7,315.92%	-67.47%	-642.79%	1,189.05%	-684.99%	-202.36%	-1,511.49%	1,217.14%	857.38%	2,073.48%	-1,719.47%	-192.07%	422.83%	143.54%	-158.73%	-694.17%	-215.03%	156.99%	-54.98%	283.22%	-330.60%	74.74%	-74.34%	-310.59%	673.17%	-487.01%	-130.06%	-255.67%
Accounts Payable	17M	35M	18M	13M	9M	7M	6M	2M	-3M	25M	-11M	37M	89M	33M	-21M	-1M	39M	0M	-7M	-34M	12M	-6M	43M	-1M	-20M	10M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	239.91%	272.86%	16,060.58%	9,884.90%	7,440.91%	5,952.73%	4,960.61%	10,516.74%	-9,825.71%	1,404.21%	-1,362.67%	678.19%	218.78%	425.77%	-683.83%	-6,349.33%	294.99%	166,569.23%	-589.52%	-536.04%	2,237.22%	-3,745.75%	535.47%	-10,823.28%	-780.71%	1,325.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-10M	4M	7M	1M	2M	0M	0M	-17M	77M	99M	-112M	-15M	-15M	66M	84M	-52M	-7M	-3M	25M	-86M	21M	-4M	17M	-1M	-1M	-2M	-3M	-6M	28M	-11M	-19M	7M	8M	-13M	26M	-9M	-24M	-1M	1M
Return on Other Working Capital	-465.35%	-498.15%	-965.00%	-1,949.27%	-3,071.90%	-2,449.70%	-2,135.54%	-1,339.46%	390.60%	351.40%	-127.92%	-1,619.52%	-1,309.44%	214.70%	174.46%	-181.88%	-1,677.83%	-5,633.56%	159.62%	-212.89%	1,323.99%	-6,297.34%	1,379.59%	-15,782.44%	-21,991.57%	-5,650.75%	-3,595.79%	-1,100.57%	139.64%	-247.27%	-131.65%	461.24%	351.04%	-237.69%	102.33%	-303.30%	-154.32%	-4,240.00%	1,771.43%
Other Non-Cash Items	36M	33M	13M	6M	5M	5M	4M	289M	-20M	-7M	123M	-10M	32M	25M	-30M	16M	-38M	-38M	52M	-18M	8M	-13M	-14M	6M	0M	5M	-5M	3M	4M	5M	10M	5M	4M	4M	-2M	0M	1M	1M	0M
Return on Other Non-Cash Items	-2,534.90%	-1,286.69%	-700.66%	-430.38%	-10,525.26%	-8,299.79%	-7,266.75%	80.82%	-1,481.52%	-5,131.27%	116.51%	-2,589.95%	619.40%	551.87%	-490.04%	600.73%	-306.35%	-454.96%	77.45%	-1,013.36%	3,494.65%	-1,784.49%	-1,657.17%	1,511.27%	-208,028.38%	2,419.09%	-1,796.19%	2,368.90%	987.09%	528.84%	253.43%	706.05%	761.79%	760.38%	-1,552.94%	-6,900.00%	2,678.57%	3,533.33%	-8,266.67%
Net Cash from Operating Activities	402M	318M	269M	250M	223M	189M	163M	539M	495M	573M	307M	326M	66M	316M	308M	153M	146M	219M	272M	174M	396M	197M	150M	152M	350M	53M	110M	59M	134M	6M	60M	69M	110M	11M	64M	42M	23M	20M	29M
Return on Net Cash from Operating Activities	61.49%	105.13%	80.84%	87.84%	91.64%	106.49%	104.13%	43.38%	60.42%	60.81%	46.77%	76.89%	296.69%	44.48%	47.59%	61.66%	79.77%	79.04%	14.73%	105.68%	70.25%	118.76%	152.54%	62.00%	44.04%	251.83%	85.91%	104.08%	29.21%	437.30%	42.63%	48.42%	24.30%	276.77%	41.31%	65.71%	160.94%	107.07%	86.71%
Capital Expenditures (PPE)	-90M	-97M	-81M	-81M	-71M	-62M	-58M	-56M	-79M	-79M	-97M	-93M	-108M	-107M	-97M	-72M	-55M	-58M	-45M	-73M	-107M	-97M	-83M	-36M	-44M	-51M	-57M	-28M	-35M	-17M	-18M	-14M	-26M	-46M	-41M	-59M	-39M	-37M	-35M
Return on Capital Expenditures (PPE)	-285.17%	-233.77%	-204.79%	-222.54%	-222.32%	-206.31%	-183.13%	-417.76%	-376.96%	-438.33%	-148.26%	-268.91%	-181.49%	-131.86%	-150.28%	-131.07%	-210.33%	-299.09%	-88.23%	-251.94%	-260.87%	-241.13%	-274.84%	-261.50%	-348.84%	-260.22%	-167.31%	-220.60%	-111.28%	-156.45%	-144.17%	-241.21%	-104.06%	-65.44%	-65.02%	-46.70%	-95.91%	-57.45%	-71.26%
Acquisitions (Net)	-22M	-79M	-64M	-78M	-67M	-63M	-52M	4M	-1M	0M	-26M	-39M	-313M	-16M	-82M	-143M	-5M	-6M	-13M	-186M	-63M	-46M	2M	-238M	0M	-143M	-23M	-4M	0M	-125M	0M	0M	-34M	-63M	0M	0M	0M	0M	0M
Return on Acquisitions (Net)	-394.64%	-426.70%	-780.48%	109.25%	-23.31%	-24.57%	-20.47%	6,101.36%	-39,839.28%	0.00%	-545.39%	-638.54%	-62.60%	-886.98%	-178.89%	-65.97%	-2,167.85%	-2,944.62%	-313.95%	-99.07%	-440.98%	-512.34%	10,535.67%	-39.71%	0.00%	-92.66%	-418.40%	-1,593.99%	0.00%	-21.43%	0.00%	0.00%	-78.33%	-48.12%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0M	0M	-1M	0M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	-6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-5M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Purchases of Investments	0.00%	-2,193.19%	-1,333.92%	-889.28%	-730.75%	169.09%	140.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-10,965.94%	-2,373.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,275.79%	0.00%	0.00%	0.00%	0.00%	7,827.86%	11,014.49%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	0M	2M	2M	1M	1M	1M	1M	0M	0M	0M	0M	0M	0M	12M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	3M	0M	0M	0M	0M	0M	0M	8M	0M	0M	0M	2M
Return on Sales / Maturities of Investments	0.00%	234.82%	354.74%	236.49%	266.59%	3,630.68%	3,084.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,174.10%	2,373.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,784.40%	0.00%	0.00%	33,535.53%	0.00%	42,369.84%	9,529.78%	318.07%	0.00%	0.00%	0.00%	1,458.82%
Other Investing Activities	3M	4M	12M	11M	9M	7M	7M	-90M	-1M	1M	8M	0M	3M	8M	11M	60M	11M	5M	10M	2M	38M	6M	-3M	11M	1M	-1M	8M	-4M	5M	-8M	-4M	0M	-2M	-1M	0M	2M	29M	-1M	2M
Return on Other Investing Activities	37,765.90%	24,330.85%	12,813.98%	9,079.72%	7,487.46%	6,365.51%	5,686.92%	-258.57%	-30,160.58%	60,778.18%	1,840.13%	50,679.39%	6,560.36%	1,796.16%	1,317.09%	158.41%	1,055.48%	3,556.39%	398.18%	9,838.29%	729.33%	3,856.85%	-7,222.65%	854.19%	28,827.90%	-15,539.55%	1,154.05%	-1,709.08%	820.13%	-334.13%	-725.51%	15,568.98%	-1,115.46%	-4,005.27%	13,200.00%	1,200.00%	128.87%	-4,240.00%	1,180.95%
Net Cash from Investing Activities	-109M	-170M	-132M	-146M	-129M	-117M	-103M	-142M	-81M	-79M	-115M	-132M	-417M	-104M	-168M	-155M	-50M	-53M	-48M	-257M	-132M	-137M	-84M	-263M	-44M	-195M	-71M	-37M	-30M	-151M	-21M	-14M	-62M	-110M	-32M	-57M	-10M	-37M	-31M
Return on Net Cash from Investing Activities	-251.97%	-187.61%	-172.99%	-166.11%	-167.12%	-151.88%	-147.98%	-164.01%	-368.85%	-441.52%	-124.46%	-189.93%	-46.88%	-135.24%	-87.07%	-60.70%	-234.28%	-326.55%	-83.28%	-71.62%	-211.42%	-171.24%	-271.59%	-35.92%	-353.12%	-68.03%	-133.32%	-167.54%	-128.74%	-17.84%	-120.70%	-245.00%	-43.25%	-27.69%	-82.24%	-48.59%	-375.00%	-56.68%	-80.00%
Net Debt Issuance	-79M	-14M	-4M	38M	20M	23M	22M	-168M	-82M	-380M	232M	-90M	201M	-33M	32M	-2M	-1M	-2M	-1M	290M	5M	1M	9M	305M	-186M	115M	2M	-10M	-90M	149M	-16M	-40M	-39M	115M	5M	70M	-5M	14M	-6M
Return on Net Debt Issuance	-102.90%	-128.07%	-2,365.52%	73.37%	242.24%	183.19%	138.29%	-139.32%	-363.34%	-91.75%	61.85%	-278.80%	97.36%	-429.03%	463.92%	-4,075.64%	-7,896.74%	-7,852.77%	-3,653.64%	63.47%	5,362.78%	16,839.71%	2,458.89%	30.91%	-82.93%	115.00%	4,370.70%	-615.01%	-43.43%	18.00%	-156.80%	-84.09%	-68.59%	26.35%	538.78%	39.20%	-721.15%	147.22%	-435.09%
Long-Term Debt Issuance	-75M	-7M	-3M	38M	20M	24M	23M	-168M	-81M	-378M	235M	-82M	221M	-33M	20M	-13M	-1M	-2M	-1M	294M	0M	0M	7M	308M	-178M	113M	0M	-11M	-90M	172M	-16M	-40M	-39M	115M	5M	70M	-5M	14M	-6M
Return on Long-Term Debt Issuance	-111.85%	-135.23%	-2,608.05%	-10,920.92%	-7,112.35%	-5,700.58%	-4,764.85%	-139.02%	-369.71%	-92.11%	60.98%	-304.43%	88.45%	-429.03%	723.65%	-733.79%	-13,104.85%	-8,635.69%	-3,653.64%	62.50%	-87,851.42%	-53,441.10%	3,466.04%	30.60%	-86.50%	116.73%	22,129.21%	-549.35%	-43.22%	15.65%	-156.80%	-84.09%	-68.59%	26.35%	538.78%	39.20%	-721.15%	147.22%	-435.09%
Short-Term Debt Issuance	-4M	-7M	-2M	-1M	-1M	-2M	-2M	0M	-1M	-1M	-3M	-8M	-20M	0M	11M	11M	-1M	0M	-13M	-4M	6M	2M	3M	-3M	-8M	2M	2M	1M	0M	-22M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	-10,371.00%	-6,415.90%	-13,669.02%	-7,836.82%	-4,627.70%	-3,706.94%	-3,089.12%	64,375.21%	-21,069.93%	-23,451.78%	-4,350.36%	-3,310.85%	-966.50%	0.00%	1,292.56%	894.92%	-19,870.09%	-86,616.00%	-312.12%	-4,113.95%	5,054.25%	12,804.81%	8,462.12%	-3,069.24%	-2,011.77%	7,733.47%	5,446.41%	5,145.82%	8,684.22%	-119.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-158M	-118M	-100M	-94M	-70M	-57M	-50M	-148M	-241M	-70M	-345M	-58M	-48M	-71M	-63M	-115M	0M	-56M	-170M	-396M	-9M	0M	-5M	0M	0M	-1M	0M	-5M	4M	4M	-3M	-13M	0M	-1M	-22M	-53M	0M	0M	1M
Return on Net Stock Issuance	-322.61%	-315.33%	-222.39%	1,245.55%	6,966.10%	5,115.77%	3,927.20%	-158.13%	-123.96%	-497.02%	-41.55%	-429.27%	-410.58%	-198.21%	-232.71%	-82.18%	0.00%	-308.76%	-23.63%	-46.47%	-3,066.05%	0.00%	-4,754.44%	28,774.09%	74,728.64%	-13,441.32%	59,567.92%	-1,149.71%	933.34%	745.87%	-918.78%	-267.81%	-8,809.57%	-2,177.65%	-118.92%	-52.08%	-18,750.00%	5,300.00%	3,542.86%
Common Stock Issuance	0M	0M	0M	2M	5M	4M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	20M	4M	5M	8M	10M	29M	14M	6M	1M	9M	1M	3M	1M	3M	3M	2M	1M
Return on Common Stock Issuance	0.00%	0.00%	0.00%	217.02%	478.08%	632.97%	844.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,141.08%	2,114.22%	3,114.95%	1,760.83%	942.79%	210.55%	277.18%	426.34%	2,138.17%	391.44%	2,125.24%	1,181.50%	4,400.00%	836.36%	1,209.68%	1,009.52%	2,066.67%
Common Stock Repurchased	-152M	-108M	-94M	-90M	-71M	-58M	-51M	-148M	-241M	-70M	-345M	-40M	-26M	-56M	-63M	-115M	0M	-54M	-169M	-395M	0M	0M	-5M	-5M	-5M	-9M	-10M	-35M	-10M	-3M	-4M	-21M	-2M	-4M	-23M	-56M	-3M	-2M	-1M
Return on Common Stock Repurchased	-386.13%	-431.40%	-281.76%	-625.67%	-786.13%	-799.90%	-916.86%	-158.13%	-123.96%	-497.02%	-41.55%	-619.81%	-749.54%	-249.05%	-232.71%	-82.18%	0.00%	-321.99%	-23.74%	-46.57%	0.00%	0.00%	-4,754.44%	-1,766.40%	-3,250.44%	-1,556.88%	-957.95%	-177.96%	-394.26%	-995.22%	-642.64%	-159.02%	-1,712.19%	-765.94%	-115.79%	-49.02%	-1,136.36%	-1,247.06%	-4,960.00%
Preferred Stock Issuance	-6M	-11M	-6M	-4M	-3M	-2M	-2M	0M	0M	0M	0M	-18M	-22M	-14M	0M	0M	0M	-2M	-1M	-1M	7M	0M	0M	-4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	-465.44%	-655.06%	-1,594.06%	-2,415.18%	-1,811.38%	-1,449.11%	-1,207.59%	0.00%	60,688.24%	0.00%	0.00%	-1,396.32%	-907.92%	-971.03%	0.00%	0.00%	0.00%	-7,515.49%	-5,149.81%	-22,139.11%	3,964.82%	0.00%	0.00%	-2,112.81%	0.00%	0.00%	0.00%	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	-48M	-44M	-39M	-35M	-29M	-24M	-21M	-51M	-49M	-48M	-50M	-46M	-41M	-37M	-33M	-34M	-34M	-34M	-35M	-32M	-25M	-22M	-23M	-30M	-15M	-12M	-10M	-9M	-8M	-8M	-7M	-7M	-6M	-6M	-6M	-7M	-6M	-5M	-4M
Return on Net Dividends Paid	-519.17%	-482.18%	-410.46%	-543.88%	-618.44%	-579.46%	-570.03%	-455.20%	-612.23%	-720.17%	-289.76%	-547.58%	-472.40%	-380.97%	-448.53%	-279.76%	-343.28%	-508.71%	-113.46%	-567.07%	-1,095.81%	-1,087.70%	-984.72%	-318.21%	-1,047.57%	-1,080.70%	-919.10%	-677.20%	-486.06%	-351.20%	-343.77%	-497.62%	-423.16%	-501.98%	-419.05%	-418.18%	-646.55%	-441.67%	-688.89%
Common Dividends Paid	-48M	-44M	-39M	-34M	-28M	-24M	-21M	-51M	-49M	-48M	-50M	-46M	-41M	-37M	-33M	-34M	-34M	-34M	-35M	-32M	-25M	-22M	-18M	-17M	-15M	-12M	-10M	-9M	-8M	-8M	-7M	-7M	-6M	-6M	-6M	-7M	-6M	-5M	-4M
Return on Common Dividends Paid	-519.17%	-482.18%	-410.46%	-578.45%	-644.37%	-600.20%	-587.31%	-455.20%	-612.23%	-720.17%	-289.76%	-547.58%	-472.40%	-380.97%	-448.53%	-279.76%	-343.28%	-508.71%	-113.46%	-567.07%	-1,095.81%	-1,087.70%	-1,252.58%	-568.96%	-1,047.57%	-1,080.70%	-919.10%	-677.20%	-486.06%	-351.20%	-343.77%	-497.62%	-423.16%	-501.98%	-419.05%	-418.18%	-646.55%	-441.67%	-688.89%
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	-1M	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%	-805.13%	-644.10%	-536.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-16,102.62%	0.00%	0.00%	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	-9M	-7M	-10M	-10M	-6M	-5M	-4M	-2M	-18M	-25M	-14M	12M	22M	-33M	-35M	-11M	3M	-3M	-14M	-1M	-8M	4M	-32M	-19M	3M	7M	8M	18M	0M	-6M	0M	0M	0M	0M	0M	0M	0M	0M	-2M
Return on Other Financing Activities	-146.34%	7.97%	-421.08%	-1,107.61%	-373.84%	-318.55%	-1,553.04%	-14,424.81%	-1,641.84%	-1,417.01%	-1,056.75%	2,034.74%	904.52%	-425.66%	-418.88%	-837.63%	3,496.99%	-6,200.14%	-290.96%	-13,958.73%	-3,448.35%	6,200.58%	-709.76%	-487.12%	5,776.40%	1,790.12%	1,219.11%	351.64%	0.00%	-486.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-37,500.00%	0.00%	-1,127.27%
Net Cash from Financing Activities	-294M	-184M	-153M	-100M	-84M	-63M	-53M	-368M	-391M	-523M	-176M	-182M	134M	-174M	-99M	-162M	-32M	-95M	-220M	-140M	-37M	-16M	-46M	270M	-198M	109M	0M	-7M	-94M	140M	-26M	-59M	-46M	108M	-24M	11M	-11M	10M	-11M
Return on Net Cash from Financing Activities	-95.30%	-44.06%	-98.99%	-250.67%	-2,487.28%	-1,996.40%	-1,670.52%	-63.42%	-76.56%	-66.64%	-81.33%	-137.91%	146.54%	-80.97%	-147.96%	-58.20%	-363.14%	-182.05%	-18.23%	-131.64%	-745.02%	-1,431.20%	-497.28%	35.00%	-77.59%	121.14%	-45,101.43%	-886.04%	-41.65%	19.24%	-96.39%	-56.70%	-58.63%	28.17%	-111.86%	255.56%	-331.86%	212.00%	-229.63%
Effect of FX on Cash	-4M	-2M	-4M	-5M	-4M	-3M	-3M	-2M	5M	-10M	3M	-4M	-6M	9M	0M	-15M	29M	-20M	-27M	-20M	-28M	7M	-4M	7M	5M	-5M	4M	1M	0M	2M	2M	-1M	-1M	-1M	-1M	0M	0M	0M	0M
Return on Effect of FX on Cash	-1,322.94%	-1,165.10%	-8,750.56%	-6,065.70%	-5,221.18%	-4,369.96%	-3,751.64%	-11,207.77%	6,441.18%	-3,494.47%	5,635.31%	-6,109.67%	-3,478.49%	1,621.82%	-80,443.96%	-627.00%	404.09%	-862.41%	-150.84%	-938.46%	-1,003.06%	3,257.79%	-6,158.83%	1,362.68%	3,279.53%	-2,538.29%	2,350.78%	5,180.47%	-21,710.56%	1,629.15%	1,585.01%	-2,354.97%	-2,145.74%	-3,539.00%	-3,300.00%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	-4M	-38M	-21M	-1M	6M	6M	4M	26M	28M	-39M	18M	8M	-223M	47M	40M	-180M	93M	51M	-23M	-242M	200M	51M	16M	166M	112M	-38M	43M	17M	9M	-3M	14M	-5M	1M	8M	7M	-4M	2M	-8M	-13M
Return on Net Change in Cash	994.44%	638.79%	379.19%	386.46%	329.53%	303.92%	289.26%	911.75%	1,071.95%	-899.29%	813.58%	3,069.04%	-87.53%	298.18%	363.01%	-52.54%	125.18%	340.51%	-178.26%	-75.98%	139.54%	456.86%	1,427.82%	56.81%	137.18%	-348.73%	220.12%	369.92%	415.12%	-857.45%	184.27%	-671.51%	1,983.14%	368.93%	361.64%	-690.00%	1,875.00%	-278.95%	-187.88%
Cash at Beginning of Period	189M	264M	325M	344M	274M	224M	189M	758M	708M	203M	185M	177M	401M	354M	313M	493M	400M	349M	372M	614M	414M	363M	347M	181M	69M	107M	64M	47M	37M	33M	20M	25M	23M	15M	8M	12M	10M	17M	30M
Return on Cash at Beginning of Period	130.15%	95.81%	63.44%	60.95%	82.39%	92.59%	116.80%	30.84%	42.26%	171.52%	77.38%	141.54%	48.82%	39.80%	46.74%	19.15%	29.06%	49.63%	10.80%	29.98%	67.25%	64.50%	65.81%	52.20%	224.51%	124.28%	149.14%	131.32%	104.34%	80.61%	130.61%	137.14%	115.18%	203.54%	347.37%	240.00%	394.74%	124.71%	82.39%
Cash at End of Period	184M	226M	304M	343M	281M	230M	194M	783M	736M	164M	203M	185M	177M	401M	354M	313M	493M	400M	349M	372M	614M	414M	363M	347M	181M	69M	107M	64M	47M	30M	33M	20M	25M	23M	15M	8M	12M	9M	17M
Return on Cash at End of Period	139.30%	112.68%	71.33%	63.66%	75.12%	83.20%	110.79%	29.83%	40.66%	211.95%	70.66%	135.30%	110.38%	35.11%	41.41%	30.12%	23.59%	43.31%	11.49%	49.51%	45.38%	56.52%	62.91%	27.21%	85.15%	193.09%	88.91%	96.91%	83.38%	88.98%	76.43%	172.33%	108.85%	131.17%	177.18%	368.00%	326.09%	225.53%	146.75%
Operating Cash Flow	402M	318M	269M	250M	223M	189M	163M	539M	495M	573M	307M	326M	66M	316M	308M	153M	146M	219M	272M	174M	396M	197M	150M	152M	350M	53M	110M	59M	134M	6M	60M	69M	110M	11M	64M	42M	23M	20M	29M
Return on Operating Cash Flow	61.49%	105.13%	80.84%	87.84%	91.64%	106.49%	104.13%	43.38%	60.42%	60.81%	46.77%	76.89%	296.69%	44.48%	47.59%	61.66%	79.77%	79.04%	14.73%	105.68%	70.25%	118.76%	152.54%	62.00%	44.04%	251.83%	85.91%	104.08%	29.21%	437.30%	42.63%	48.42%	24.30%	276.77%	41.31%	65.71%	160.94%	107.07%	86.71%
Capital Expenditure	-90M	-97M	-81M	-81M	-71M	-62M	-58M	-56M	-79M	-79M	-97M	-93M	-108M	-107M	-97M	-72M	-55M	-58M	-45M	-73M	-107M	-97M	-83M	-36M	-44M	-51M	-57M	-28M	-35M	-17M	-18M	-14M	-26M	-46M	-41M	-59M	-39M	-37M	-35M
Return on Capital Expenditure	-285.17%	-233.77%	-204.79%	-222.54%	-222.32%	-206.31%	-183.13%	-417.76%	-376.96%	-438.33%	-148.26%	-268.91%	-181.49%	-131.86%	-150.28%	-131.07%	-210.33%	-299.09%	-88.23%	-251.94%	-260.87%	-241.13%	-274.84%	-261.50%	-348.84%	-260.22%	-167.31%	-220.60%	-111.28%	-156.45%	-144.17%	-241.21%	-104.06%	-65.44%	-65.02%	-46.70%	-95.91%	-57.45%	-71.26%
Free Cash Flow	312M	221M	187M	170M	152M	127M	105M	483M	416M	493M	210M	233M	-42M	210M	210M	81M	90M	161M	227M	101M	290M	100M	67M	116M	305M	2M	54M	31M	99M	-11M	42M	56M	84M	-35M	23M	-17M	-16M	-17M	-6M
Return on Free Cash Flow	82.20%	-30.74%	28.60%	81.49%	474.62%	372.64%	283.55%	48.41%	71.96%	70.61%	68.32%	107.68%	-467.43%	67.13%	69.66%	116.45%	128.51%	107.43%	17.69%	182.02%	96.13%	234.02%	342.79%	81.27%	50.41%	7,806.43%	176.57%	197.05%	39.61%	-243.60%	60.54%	60.58%	31.71%	-85.70%	113.30%	-161.40%	-237.34%	-123.98%	-400.00%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-28	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	250M	218M	170M	183M	161M	135M	117M	167M	306M	351M	145M	254M	198M	142M	159M	100M	122M	178M	45M	189M	280M	239M	237M	100M	154M	132M	95M	62M	39M	27M	25M	34M	27M	30M	26M	28M	38M	21M	25M
EBITDA	508M	447M	377M	386M	340M	292M	255M	507M	565M	623M	392M	509M	395M	317M	322M	280M	358M	347M	229M	410M	559M	461M	344M	244M	287M	263M	191M	147M	123M	109M	89M	104M	101M	98M	72M	68M	78M	67M	54M
Return on EBITDA	47.75%	47.63%	42.88%	45.80%	45.72%	42.30%	42.00%	32.95%	54.16%	56.30%	36.97%	49.99%	50.02%	44.88%	49.48%	35.77%	34.16%	51.37%	19.82%	46.14%	50.14%	51.81%	68.86%	41.22%	53.71%	50.27%	49.64%	41.97%	31.86%	24.76%	28.57%	32.26%	26.34%	31.17%	36.62%	40.83%	47.83%	31.55%	45.76%
(-) Tax Adjustment	153M	127M	114M	114M	103M	89M	79M	150M	141M	157M	150M	152M	94M	82M	77M	79M	166M	66M	117M	137M	196M	162M	-7M	88M	92M	90M	60M	47M	46M	39M	32M	38M	37M	36M	27M	25M	28M	24M	19M
Return on (-) Tax Adjustment	162.33%	174.31%	158.74%	-91.79%	-34.48%	-11.93%	8.66%	111.19%	217.36%	223.65%	96.42%	166.94%	211.07%	173.46%	207.09%	127.16%	73.53%	269.22%	38.86%	138.18%	142.82%	147.15%	-3,506.99%	114.64%	166.60%	147.14%	158.06%	131.18%	84.23%	69.16%	78.69%	88.39%	71.32%	83.82%	97.80%	111.70%	131.65%	88.23%	128.59%
(-) Change In Working Capital	-3M	-48M	-21M	-32M	-23M	-22M	-20M	19M	103M	128M	-81M	-56M	-285M	52M	80M	-55M	-74M	10M	72M	-98M	34M	-108M	-69M	-26M	137M	-125M	-16M	-34M	53M	-60M	-10M	-3M	43M	-54M	17M	-5M	-32M	-17M	-8M
Return on (-) Change In Working Capital	-119.91%	-31.46%	150.62%	79.26%	25.39%	-37.82%	-62.90%	887.34%	296.05%	273.43%	-179.88%	-453.27%	-69.44%	271.89%	198.75%	-183.83%	-165.12%	1,750.65%	63.06%	-192.44%	819.94%	-220.26%	-342.28%	-382.21%	112.41%	-105.81%	-581.85%	-179.88%	73.90%	-44.98%	-246.01%	-1,167.27%	61.62%	-56.63%	152.60%	-552.00%	-117.19%	-126.19%	-298.80%
(-) Capital Expenditure	-90M	-97M	-81M	-81M	-71M	-62M	-58M	-56M	-79M	-79M	-97M	-93M	-108M	-107M	-97M	-72M	-55M	-58M	-45M	-73M	-107M	-97M	-83M	-36M	-44M	-51M	-57M	-28M	-35M	-17M	-18M	-14M	-26M	-46M	-41M	-59M	-39M	-37M	-35M
Return on (-) Capital Expenditure	-287.87%	-236.05%	-211.23%	-229.61%	-227.62%	-210.55%	-186.67%	-298.80%	-385.88%	-441.31%	-149.75%	-272.54%	-183.44%	-133.22%	-163.68%	-139.34%	-221.33%	-308.00%	-99.70%	-259.26%	-262.72%	-246.12%	-285.58%	-278.21%	-348.84%	-260.22%	-167.31%	-220.60%	-111.28%	-156.45%	-144.17%	-241.21%	-104.06%	-65.44%	-65.02%	-46.70%	-95.91%	-57.45%	-71.26%
Unlevered Free Cash Flow	268M	271M	203M	223M	189M	163M	137M	282M	242M	258M	225M	319M	479M	76M	68M	184M	211M	213M	-5M	299M	222M	310M	337M	146M	13M	248M	91M	106M	-12M	112M	50M	55M	-5M	68M	-13M	-11M	43M	23M	8M
Return on Unlevered Free Cash Flow	93.22%	101.70%	7.64%	32.14%	76.93%	47.65%	40.43%	59.24%	126.68%	135.72%	64.27%	79.68%	41.32%	187.52%	235.85%	54.49%	58.10%	83.79%	-864.38%	63.39%	126.32%	77.03%	70.29%	68.69%	1,173.69%	53.46%	104.60%	58.05%	-333.30%	23.94%	51.48%	61.01%	-528.15%	44.39%	-206.33%	-246.23%	87.59%	91.89%	294.77%
(-) Net Interest Income After Taxes	-34M	-32M	-29M	-26M	-22M	-21M	-18M	-24M	-41M	-39M	-31M	-32M	-32M	-29M	-28M	-28M	-21M	-33M	-20M	-20M	-17M	-15M	-27M	-17M	-10M	-10M	-12M	-11M	-13M	-24M	-8M	-10M	-13M	-13M	-6M	-2M	-2M	-22M	-1M
Return on (-) Net Interest Income After Taxes	-723.73%	-658.47%	-555.37%	-745.54%	-784.75%	-675.22%	-775.03%	-691.23%	-745.93%	-909.17%	-464.69%	-797.33%	-625.64%	-495.50%	-578.64%	-352.72%	-572.48%	-533.74%	-223.84%	-924.49%	-1,660.69%	-1,579.02%	-864.58%	-600.57%	-1,594.33%	-1,261.29%	-791.99%	-553.64%	-310.56%	-111.23%	-302.12%	-333.92%	-202.01%	-236.43%	-474.16%	-1,673.08%	-2,454.17%	-95.10%	-1,673.91%
Net Debt Issuance	-79M	-14M	-4M	38M	20M	23M	22M	-168M	-82M	-380M	232M	-90M	201M	-33M	32M	-2M	-1M	-2M	-1M	290M	5M	1M	9M	305M	-186M	115M	2M	-10M	-90M	149M	-16M	-40M	-39M	115M	5M	70M	-5M	14M	-6M
Return on Net Debt Issuance	-104.16%	-129.51%	-2,500.01%	16.13%	199.31%	148.84%	109.67%	-99.65%	-371.93%	-92.38%	62.47%	-282.56%	98.40%	-433.47%	505.29%	-4,332.87%	-8,309.71%	-8,086.63%	-4,128.69%	65.31%	5,400.73%	17,188.20%	2,554.94%	32.89%	-82.93%	115.00%	4,370.70%	-615.01%	-43.43%	18.00%	-156.80%	-84.09%	-68.59%	26.35%	538.78%	39.20%	-721.15%	147.22%	-435.09%
Levered Free Cash Flow	222M	290M	228M	286M	232M	206M	177M	139M	200M	-83M	489M	261M	711M	72M	127M	210M	230M	244M	14M	609M	244M	327M	374M	468M	-163M	373M	105M	107M	-89M	286M	42M	25M	-31M	197M	-2M	61M	39M	60M	4M
Return on Levered Free Cash Flow	-99.05%	-14.22%	55.45%	57.23%	45.17%	41.44%	22.32%	120.58%	152.77%	-424.24%	29.66%	97.42%	27.81%	198.26%	125.83%	47.72%	53.09%	73.07%	325.91%	31.09%	114.90%	73.13%	63.39%	21.45%	-94.53%	35.47%	90.48%	57.45%	-43.85%	9.41%	61.13%	133.43%	-86.78%	15.45%	-1,134.50%	45.36%	95.80%	35.47%	591.21%