CBL & Associates Properties, Inc. (CBL)

Category: Company Returns Sector: Real Estate Industry: REIT - Retail Live Price: $36.15

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31
Net Income	-9M	-189M	-78M	-10M	4M	124M	33M	59M	7M	-93M	-622M	-295M	-109M	-79M	121M	128M	103M	219M	85M	132M	134M	62M	-15M	32M	89M	118M	0M	0M
Revenue	538M	553M	740M	846M	848M	554M	524M	516M	535M	563M	577M	576M	769M	859M	927M	1,028M	1,055M	1,061M	1,054M	1,035M	1,067M	1,072M	1,089M	1,138M	1,041M	1,002M	0M	0M
Return on Revenue	-1.31%	-32.61%	-15.11%	-6.08%	-3.48%	22.36%	6.27%	11.44%	1.22%	-16.60%	-107.85%	-51.24%	-14.15%	-9.15%	13.04%	12.45%	9.80%	20.66%	8.09%	12.72%	12.55%	5.80%	-1.38%	2.78%	8.57%	11.72%	0.00%	0.00%
Cost of Revenue	185M	186M	224M	257M	249M	198M	177M	175M	187M	192M	188M	188M	231M	253M	261M	281M	283M	294M	296M	313M	361M	346M	436M	364M	16M	312M	0M	0M
Return on Cost of Revenue	-3.86%	-99.76%	-44.87%	-16.55%	18.36%	62.62%	18.55%	33.67%	3.50%	-48.76%	-330.16%	-157.06%	-47.16%	-31.10%	46.42%	45.47%	36.48%	74.57%	28.77%	42.01%	37.13%	17.97%	-3.44%	8.69%	572.56%	37.65%	0.00%	0.00%
Gross Profit	353M	367M	529M	598M	590M	356M	347M	340M	348M	371M	388M	388M	660M	606M	667M	747M	772M	767M	757M	721M	707M	726M	654M	775M	710M	690M	0M	0M
Return on Gross Profit	-1.99%	-48.44%	-22.30%	-9.16%	-5.30%	34.78%	9.46%	17.32%	1.88%	-25.18%	-160.18%	-76.06%	-16.49%	-12.97%	18.14%	17.14%	13.40%	28.58%	11.25%	18.24%	18.96%	8.56%	-2.29%	4.08%	12.56%	17.03%	0.00%	0.00%
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
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%
SG&A Expenses	66M	61M	61M	57M	51M	70M	65M	67M	64M	67M	52M	53M	64M	62M	58M	63M	62M	50M	49M	51M	45M	43M	41M	45M	38M	40M	0M	0M
Return on SG&A Expenses	-13.73%	-356.47%	-150.42%	-12.97%	18.58%	176.12%	50.52%	87.68%	10.22%	-139.08%	-1,188.83%	-552.33%	-169.48%	-127.74%	206.86%	202.09%	166.41%	435.94%	174.36%	256.78%	299.29%	143.26%	-36.55%	69.82%	235.51%	297.31%	0.00%	0.00%
Operating Expenses	262M	222M	313M	333M	258M	187M	217M	208M	255M	324M	52M	269M	538M	62M	434M	493M	494M	392M	427M	342M	349M	355M	41M	45M	38M	40M	0M	0M
Return on Operating Expenses	0.70%	-259.25%	-136.95%	-79.95%	-31.66%	66.12%	15.15%	28.34%	2.57%	-28.82%	-1,188.83%	-109.53%	-20.22%	-127.74%	27.86%	25.95%	20.92%	55.95%	19.97%	38.46%	38.39%	17.49%	-36.55%	69.82%	235.51%	297.31%	0.00%	0.00%
Operating Income (EBIT)	91M	145M	151M	222M	241M	169M	130M	132M	93M	47M	336M	119M	-132M	-98M	233M	370M	410M	375M	331M	379M	358M	371M	281M	376M	425M	416M	0M	0M
Return on Operating Income (EBIT)	-49.22%	-116.33%	-30.78%	-8.98%	-4.12%	73.36%	25.18%	44.56%	7.01%	-199.23%	-185.12%	-248.86%	82.12%	79.96%	52.00%	34.55%	25.18%	58.42%	25.76%	34.71%	37.45%	16.77%	-5.33%	8.40%	20.97%	28.24%	0.00%	0.00%
Interest Income	11M	8M	4M	19M	14M	10M	16M	16M	13M	5M	0M	6M	3M	0M	0M	0M	0M	0M	0M	242M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Income	-489.41%	-1,216.36%	-1,001.73%	-664.19%	-498.14%	1,209.39%	204.42%	375.29%	49.59%	-1,893.11%	0.00%	-4,613.57%	-3,935.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	54.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	182M	149M	95M	79M	32M	169M	160M	154M	173M	217M	0M	201M	206M	0M	0M	0M	0M	0M	229M	0M	0M	0M	0M	0M	-288M	-257M	0M	0M
Return on Interest Expense	-0.35%	-29.62%	-20.08%	-10.91%	-12.02%	73.09%	20.45%	38.17%	3.79%	-43.01%	0.00%	-147.05%	-52.74%	0.00%	0.00%	0.00%	0.00%	0.00%	37.16%	0.00%	0.00%	0.00%	0.00%	0.00%	-30.97%	-45.71%	0.00%	0.00%
Net Interest Income	-170M	-141M	-91M	-60M	-18M	-159M	-144M	-139M	-160M	-212M	0M	-194M	-203M	0M	0M	0M	0M	0M	-229M	242M	0M	0M	0M	0M	288M	257M	0M	0M
Return on Net Interest Income	-0.86%	29.86%	20.28%	14.67%	14.84%	-77.79%	-22.73%	-42.49%	-4.10%	44.01%	0.00%	151.90%	53.45%	0.00%	0.00%	0.00%	0.00%	0.00%	-37.16%	54.43%	0.00%	0.00%	0.00%	0.00%	30.97%	45.71%	0.00%	0.00%
Unusual Items	273M	486M	317M	277M	236M	205M	242M	213M	249M	356M	980M	632M	200M	45M	93M	240M	164M	118M	443M	-57M	202M	279M	295M	305M	-11M	-28M	0M	0M
Return on Unusual Items	1.35%	-21.23%	-8.99%	-1.73%	-61.67%	60.24%	13.55%	27.69%	2.63%	-26.28%	-63.48%	-46.72%	-54.50%	-175.02%	129.66%	53.24%	62.92%	186.25%	19.22%	-230.01%	66.25%	22.27%	-5.09%	10.35%	-788.07%	-424.67%	0.00%	0.00%
EBT Excluding Unusual Items	-284M	-685M	-392M	-273M	-213M	-83M	-210M	-155M	-245M	-452M	-1,624M	-950M	-328M	-188M	46M	-110M	82M	140M	-327M	252M	-47M	-188M	-309M	-234M	160M	214M	0M	0M
Return on EBT Excluding Unusual Items	-6.70%	9.85%	39.72%	17.35%	18.11%	-148.99%	-15.64%	-38.10%	-2.67%	20.67%	38.31%	31.05%	33.15%	41.78%	262.81%	-115.99%	126.21%	156.75%	-26.07%	52.25%	-286.82%	-33.11%	4.86%	-13.49%	55.80%	54.81%	0.00%	0.00%
Pre-Tax Income	-11M	-199M	-75M	4M	23M	122M	32M	58M	4M	-96M	-644M	-319M	-129M	-143M	139M	130M	246M	257M	117M	195M	155M	91M	-14M	71M	148M	187M	0M	0M
Return on Pre-Tax Income	119.35%	109.45%	91.40%	86.26%	78.52%	101.13%	101.20%	101.37%	159.74%	96.94%	96.62%	92.59%	84.61%	54.89%	86.83%	98.41%	41.99%	85.11%	73.06%	67.62%	86.14%	68.01%	108.88%	44.53%	60.05%	62.93%	0.00%	0.00%
Income Tax Expense	2M	3M	-55M	-37M	-27M	0M	0M	1M	1M	3M	-5M	17M	3M	-571M	-2M	2M	-3M	-4M	1M	1M	0M	-6M	1M	13M	8M	6M	0M	0M
Return on Income Tax Expense	1,095.22%	2,895.20%	747.25%	-3,229.55%	-2,319.12%	252,638.78%	8,890.24%	5,589.57%	732.21%	-3,036.12%	12,943.04%	-1,752.70%	-3,449.95%	13.77%	-6,256.60%	6,204.07%	-3,514.82%	-4,871.08%	6,529.04%	9,373.22%	-65,978.33%	-968.54%	-1,226.60%	234.06%	1,062.54%	1,990.87%	0.00%	0.00%
Depreciation and Amortization	215M	214M	380M	347M	327M	172M	168M	156M	212M	277M	212M	215M	553M	600M	618M	658M	298M	292M	286M	267M	275M	286M	313M	343M	252M	238M	191M	150M
Return on Depreciation and Amortization	2.36%	-84.70%	-38.25%	-10.53%	-3.44%	71.80%	19.58%	37.74%	3.09%	-33.73%	-293.36%	-137.23%	-19.69%	-13.09%	19.57%	19.46%	34.74%	75.14%	29.83%	49.22%	48.62%	21.70%	-4.79%	9.22%	35.36%	49.40%	0.00%	0.00%
EBITDA	385M	318M	456M	468M	466M	451M	349M	369M	389M	398M	339M	97M	474M	544M	608M	663M	683M	685M	459M	475M	420M	419M	415M	719M	389M	397M	385M	319M
Return on EBITDA	-1.94%	-98.67%	-47.65%	-23.43%	-14.91%	27.46%	9.41%	15.98%	1.68%	-23.49%	-183.34%	-304.21%	-22.96%	-14.45%	19.88%	19.30%	15.12%	32.00%	18.57%	27.70%	31.86%	14.84%	-3.61%	4.39%	22.90%	29.57%	0.00%	0.00%
NOPAT	84M	142M	188M	248M	257M	169M	129M	130M	73M	48M	334M	125M	-136M	293M	236M	365M	415M	382M	327M	376M	358M	397M	306M	304M	401M	403M	0M	0M
Return on NOPAT	-46.24%	-112.32%	-39.69%	-15.03%	-8.43%	73.39%	25.47%	45.38%	8.97%	-193.06%	-186.51%	-236.37%	80.15%	-26.78%	51.29%	35.11%	24.89%	57.41%	26.05%	34.96%	37.40%	15.67%	-4.90%	10.37%	22.23%	29.16%	0.00%	0.00%
Owner's Earnings	206M	25M	108M	151M	67M	296M	200M	215M	218M	184M	-414M	-80M	141M	200M	403M	414M	-206M	250M	249M	149M	193M	353M	68M	-74M	-223M	-97M	-597M	-656M
Return on Owner's Earnings	-6.84%	99.67%	39.28%	46.03%	23.25%	41.79%	16.37%	27.40%	3.00%	-50.91%	150.25%	368.61%	-76.94%	-39.29%	29.98%	30.94%	-50.24%	87.77%	34.28%	88.43%	69.57%	17.63%	-21.92%	-42.63%	-39.89%	-121.11%	0.00%	0.00%

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	-9M	-189M	-78M	-10M	4M	3M	3M	59M	7M	-93M	-622M	-295M	-109M	-79M	121M	128M	103M	219M	85M	132M	134M	62M	-15M	32M	89M	118M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Cash & Cash Equivalents	40M	70M	50M	52M	50M	46M	42M	41M	34M	45M	170M	62M	33M	25M	33M	19M	37M	38M	66M	78M	56M	51M	48M	51M	66M	29M	29M	26M	99M	13M	10M	5M	7M	6M	69M	4M	0M
Return on Cash & Cash Equivalents	-15.11%	-177.98%	-20.77%	68.61%	80.22%	64.18%	53.48%	144.57%	19.15%	-209.05%	-366.95%	-477.63%	-331.48%	-312.55%	370.67%	675.37%	280.20%	577.65%	130.08%	168.18%	238.78%	122.11%	-31.19%	61.67%	135.43%	409.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Investments	266M	190M	95M	63M	55M	44M	36M	243M	262M	292M	150M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	143M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	-1.74%	-84.00%	-42.00%	-28.00%	-17.87%	-14.30%	-11.92%	24.25%	2.50%	-31.97%	-414.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	62.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	306M	260M	145M	116M	105M	90M	78M	284M	296M	337M	320M	62M	33M	25M	33M	19M	37M	38M	66M	78M	56M	51M	48M	51M	208M	29M	29M	26M	99M	13M	10M	5M	7M	6M	69M	4M	0M
Return on Cash & Short-Term Investments	-1.58%	-135.42%	0.51%	82.80%	86.23%	68.99%	57.49%	20.77%	2.21%	-27.73%	-194.70%	-477.63%	-331.48%	-312.55%	370.67%	675.37%	280.20%	577.65%	130.08%	168.18%	238.78%	122.11%	-31.19%	61.67%	42.78%	409.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Receivables	103M	136M	110M	95M	91M	82M	72M	48M	46M	216M	264M	104M	75M	78M	84M	95M	87M	81M	80M	79M	86M	0M	81M	87M	83M	81M	61M	52M	45M	42M	41M	42M	32M	29M	26M	27M	11M
Return on Net Receivables	31.28%	-85.26%	-27.35%	28.36%	34.79%	27.83%	23.19%	122.98%	14.17%	-43.33%	-235.43%	-284.68%	-144.55%	-101.00%	144.75%	135.19%	118.43%	269.43%	106.64%	166.66%	156.19%	0.00%	-18.43%	36.50%	107.63%	144.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	0M	0M	-610M	-407M	-305M	-244M	-203M	0M	0M	0M	0M	0M	0M	0M	0M	-6,064M	-36M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Inventory	0.00%	0.00%	-28.77%	-19.18%	-14.38%	-11.51%	-9.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.11%	-285.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 Assets	118M	84M	68M	59M	801M	641M	534M	169M	89M	97M	0M	67M	39M	43M	47M	63M	63M	73M	81M	58M	0M	0M	0M	7,591M	7,537M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Current Assets	-17.96%	-98.68%	-33.13%	20.03%	15.10%	12.08%	10.07%	34.89%	7.36%	-96.14%	0.00%	-439.53%	-278.49%	-184.12%	259.29%	201.66%	163.81%	299.22%	105.32%	227.17%	0.00%	0.00%	0.00%	0.42%	1.18%	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 Current Assets	527M	480M	322M	270M	997M	812M	684M	501M	431M	650M	584M	233M	147M	146M	163M	177M	187M	193M	226M	215M	142M	51M	129M	7,729M	7,829M	110M	90M	78M	144M	55M	51M	47M	40M	34M	95M	32M	11M
Return on Total Current Assets	-0.36%	-46.91%	-16.07%	17.90%	18.27%	14.61%	12.18%	11.77%	1.52%	-14.38%	-106.57%	-126.88%	-73.93%	-53.96%	74.28%	72.27%	55.20%	113.83%	37.65%	61.17%	94.42%	122.11%	-11.58%	0.41%	1.14%	106.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Property, Plant & Equipment	0M	724M	2,897M	3,553M	4,357M	4,192M	3,715M	0M	0M	0M	0M	3,621M	4,066M	4,755M	5,157M	5,515M	5,858M	5,947M	6,067M	6,300M	6,006M	0M	7,095M	7,321M	7,402M	6,094M	5,944M	4,895M	3,912M	3,611M	3,202M	2,041M	1,961M	1,806M	1,142M	987M	759M
Return on Property, Plant & Equipment	0.00%	-1.63%	-0.60%	0.22%	0.34%	0.27%	0.22%	0.00%	0.00%	0.00%	0.00%	-8.15%	-2.68%	-1.65%	2.35%	2.32%	1.76%	3.68%	1.40%	2.09%	2.23%	0.00%	-0.21%	0.43%	1.20%	1.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Goodwill	0M	0M	-15M	-10M	-7M	-6M	-5M	0M	0M	0M	0M	0M	0M	-29M	-60M	-59M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	0.00%	0.00%	-14.46%	-9.64%	-7.23%	-5.79%	-4.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	275.46%	-202.68%	-217.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	317M	295M	177M	172M	172M	138M	115M	347M	316M	287M	489M	34M	38M	49M	67M	65M	81M	83M	100M	127M	233M	266M	280M	306M	276M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Intangible Assets	-4.52%	-199.58%	-93.60%	-26.75%	-18.20%	-14.56%	-12.13%	16.97%	2.07%	-32.59%	-127.13%	-857.20%	-283.75%	-161.48%	181.08%	197.79%	128.25%	264.93%	85.54%	103.38%	57.49%	23.40%	-5.35%	10.33%	32.25%	0.00%	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	79M	171M	227M	242M	213M	170M	142M	83M	76M	77M	104M	512M	307M	284M	249M	267M	311M	302M	291M	287M	305M	179M	187M	208M	143M	79M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Investments	-13.91%	-139.91%	-63.29%	-27.11%	-9.40%	-7.52%	-6.26%	70.65%	8.56%	-120.94%	-600.23%	-57.59%	-35.39%	-27.71%	48.53%	47.96%	33.23%	72.58%	29.27%	45.78%	43.96%	34.64%	-8.04%	15.21%	62.54%	149.06%	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	1,716M	1,128M	790M	632M	527M	0M	0M	0M	0M	0M	0M	5,341M	5,705M	6,105M	6M	0M	0M	0M	-233M	0M	-466M	-513M	-143M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	0.00%	0.00%	161.01%	103.51%	74.36%	59.49%	49.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.47%	2.12%	2.10%	1,607.39%	0.00%	0.00%	0.00%	-57.49%	0.00%	3.21%	-6.15%	-62.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	1,687M	1,375M	-977M	-1,069M	-1,799M	-2,146M	-2,010M	1,815M	1,582M	1,664M	1,769M	43M	64M	-5,204M	-5,576M	-5,964M	37M	75M	102M	-6,714M	267M	0M	505M	-7,016M	-7,402M	-79M	-5,944M	-4,895M	-3,912M	-3,611M	-3,202M	-2,041M	-1,961M	-1,806M	-1,142M	-987M	-759M
Return on Other Non-Current Assets	-0.65%	-143.65%	-60.97%	-12.33%	-16.93%	-13.54%	-11.29%	3.25%	0.41%	-5.62%	-35.17%	-681.11%	-170.68%	1.51%	-2.17%	-2.15%	282.00%	292.98%	83.70%	-1.96%	50.12%	0.00%	-2.97%	-0.45%	-1.20%	-149.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Assets	0M	0M	-1,506M	-993M	-772M	-677M	-584M	0M	0M	0M	0M	0M	0M	-4,677M	-5,037M	-5,347M	0M	0M	0M	160M	0M	0M	0M	0M	0M	-245M	-292M	-335M	-319M	-372M	-311M	-147M	-152M	-153M	-116M	-107M	-69M
Return on Other Assets	0.00%	0.00%	-0.31%	5.27%	1.55%	1.24%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.68%	-2.40%	-2.39%	0.00%	0.00%	0.00%	82.12%	0.00%	0.00%	0.00%	0.00%	0.00%	-47.99%	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	2,083M	2,564M	4,025M	4,464M	4,359M	4,194M	3,716M	2,246M	1,974M	2,028M	2,362M	4,211M	4,475M	5,195M	5,542M	5,928M	6,293M	6,407M	6,560M	6,714M	6,578M	445M	7,600M	306M	276M	6,094M	5,944M	4,895M	3,912M	3,611M	3,202M	2,041M	1,961M	1,806M	1,142M	987M	759M
Return on Total Non-Current Assets	-0.55%	-7.00%	-3.30%	-0.69%	1.70%	1.36%	1.13%	2.63%	0.33%	-4.61%	-26.34%	-7.01%	-2.43%	-1.51%	2.18%	2.16%	1.64%	3.42%	1.30%	1.96%	2.04%	13.97%	-0.20%	10.33%	32.25%	1.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Assets	2,610M	3,044M	2,841M	3,740M	4,584M	4,329M	3,816M	2,747M	2,406M	2,678M	2,946M	4,444M	4,622M	664M	668M	757M	6,480M	6,599M	6,786M	7,090M	6,719M	496M	7,729M	8,034M	8,105M	5,959M	5,743M	4,638M	3,737M	3,295M	2,942M	1,941M	1,848M	1,687M	1,121M	912M	701M
Return on Total Assets	-0.36%	-5.77%	-0.64%	0.97%	0.89%	0.71%	0.59%	2.15%	0.27%	-3.49%	-21.12%	-6.64%	-2.35%	-11.83%	18.11%	16.90%	1.60%	3.32%	1.26%	1.86%	1.99%	12.53%	-0.19%	0.39%	1.10%	1.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Payable	0M	33M	119M	114M	86M	68M	57M	0M	0M	0M	0M	164M	219M	188M	167M	199M	255M	241M	279M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	0.00%	-35.98%	-9.41%	1.83%	1.37%	1.10%	0.91%	0.00%	0.00%	0.00%	0.00%	-179.92%	-49.68%	-41.90%	72.51%	64.25%	40.59%	91.07%	30.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt	0M	0M	0M	69M	159M	127M	106M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1,029M	0M	1,038M	0M	1,113M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt	0.00%	0.00%	0.00%	0.87%	0.98%	0.78%	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.02%	0.00%	-1.44%	0.00%	8.01%	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 Payables	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	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 Payables	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	0M	0M	-2,454M	-1,636M	-1,227M	-982M	-818M	0M	0M	0M	0M	0M	0M	-7,610M	-7,961M	-8,372M	-596M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	0.00%	0.00%	-1.94%	-1.29%	-0.97%	-0.77%	-0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.03%	-1.52%	-1.53%	-17.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	203M	160M	111M	15M	20M	134M	139M	222M	186M	200M	184M	6M	9M	74M	62M	81M	90M	85M	51M	-295M	-725M	0M	-790M	1,145M	-1,113M	0M	930M	791M	718M	652M	535M	256M	238M	231M	173M	163M	0M
Return on Other Current Liabilities	-5.52%	-1,046.11%	-614.75%	-385.70%	-289.44%	-231.56%	-192.96%	26.61%	3.51%	-46.67%	-337.40%	-4,876.62%	-1,279.43%	-105.58%	195.50%	157.44%	115.14%	256.33%	168.64%	-44.55%	-18.46%	0.00%	1.90%	2.76%	-8.01%	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 Current Liabilities	203M	193M	231M	241M	406M	443M	396M	222M	186M	200M	184M	170M	227M	262M	229M	280M	344M	326M	330M	353M	304M	0M	248M	1,145M	1,315M	870M	930M	791M	718M	652M	535M	256M	238M	231M	173M	163M	0M
Return on Total Current Liabilities	-5.52%	-105.49%	-47.68%	-20.16%	-14.27%	-11.41%	-9.51%	26.61%	3.51%	-46.67%	-337.40%	-173.52%	-47.82%	-30.00%	52.89%	45.63%	30.01%	67.20%	25.83%	37.27%	44.12%	0.00%	-6.04%	2.76%	6.78%	13.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt	2,098M	2,479M	2,063M	2,560M	3,110M	2,978M	2,625M	2,213M	1,969M	2,111M	2,360M	3,740M	3,531M	0M	0M	0M	4,711M	4,686M	4,862M	4,751M	3,460M	0M	4,578M	4,455M	5,869M	4,565M	4,341M	3,372M	2,738M	2,402M	2,316M	1,424M	1,361M	1,208M	741M	590M	393M
Return on Long-Term Debt	-0.48%	-7.14%	-3.66%	-1.57%	-0.95%	-0.76%	-0.63%	2.67%	0.33%	-4.43%	-26.36%	-7.89%	-3.08%	0.00%	0.00%	0.00%	2.19%	4.68%	1.75%	2.77%	3.87%	0.00%	-0.33%	0.71%	1.52%	2.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Lease Obligations	64M	69M	35M	23M	18M	14M	12M	0M	80M	111M	152M	3M	4M	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	-25.46%	-1,869.48%	-1,218.24%	-812.16%	-609.12%	-487.29%	-406.08%	0.00%	8.14%	-84.51%	-409.67%	-8,861.38%	-2,834.95%	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	0M	0M	6M	4M	3M	2M	2M	0M	0M	0M	0M	0M	0M	14M	20M	27M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Tax Liabilities	0.00%	0.00%	1,587.58%	1,058.39%	793.79%	635.03%	529.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-578.86%	597.71%	474.39%	15,382.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 Liabilities	-27M	-16M	-8M	-254M	-556M	-446M	-372M	0M	-80M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-4,751M	1,029M	0M	1,482M	1,641M	-5,869M	-4,565M	0M	-12M	-29M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Non-Current Liabilities	-2.71%	-1.63%	-0.81%	0.14%	-0.05%	-0.04%	-0.04%	0.00%	-8.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.77%	13.02%	0.00%	-1.01%	1.93%	-1.52%	-2.57%	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 Liabilities	2,071M	2,462M	3,329M	3,472M	3,951M	3,649M	3,184M	2,213M	1,889M	2,111M	2,360M	3,740M	3,531M	4,043M	4,231M	4,465M	4,711M	4,686M	4,862M	4,751M	4,489M	0M	6,060M	6,096M	5,869M	4,565M	4,341M	3,360M	2,709M	2,402M	2,316M	1,424M	1,361M	1,208M	741M	590M	393M
Return on Total Non-Current Liabilities	-0.47%	-7.13%	-3.28%	-1.37%	-0.81%	-0.65%	-0.54%	2.67%	0.35%	-4.43%	-26.36%	-7.89%	-3.08%	-1.94%	2.86%	2.87%	2.19%	4.68%	1.75%	2.77%	2.98%	0.00%	-0.25%	0.52%	1.52%	2.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Liabilities	2,274M	2,655M	2,209M	2,813M	3,536M	3,348M	2,942M	2,434M	2,075M	2,311M	2,545M	3,910M	3,758M	2M	2M	2M	5,055M	5,012M	5,191M	5,105M	4,793M	0M	6,309M	6,426M	6,264M	4,875M	4,661M	3,584M	2,900M	2,553M	2,420M	1,506M	1,428M	1,272M	790M	639M	430M
Return on Total Liabilities	-0.44%	-6.66%	997.84%	665.99%	499.69%	399.75%	333.13%	2.42%	0.32%	-4.04%	-24.45%	-7.55%	-2.89%	-4,549.39%	7,068.38%	7,493.56%	2.04%	4.37%	1.64%	2.58%	2.79%	0.00%	-0.24%	0.49%	1.42%	2.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%	-236,067.20%	-120,196.00%	297,573.07%	358,300.05%	286,640.04%	238,866.70%	0.00%	0.00%	0.00%	0.00%	-1,180,336.00%	-435,108.00%	0.00%	0.00%	0.00%	413,484.00%	876,600.00%	340,816.00%	526,400.00%	2,678,720.00%	1,243,020.00%	-299,780.00%	631,740.00%	1,782,940.00%	587,505.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	0M	0M	1M	1M	1M	1M	1M	0M	0M	0M	0M	2M	2M	2M	2M	2M	2M	2M	2M	2M	1M	1M	1M	1M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock	-27,149.73%	-611,836.47%	-304,935.50%	-200,672.55%	-148,749.26%	-118,999.41%	-99,166.18%	190,225.81%	20,456.25%	-292,131.25%	-2,962,723.81%	-15,009.36%	-6,247.96%	-4,549.39%	7,068.38%	7,493.56%	6,062.82%	12,868.47%	5,012.00%	8,158.71%	9,025.34%	4,202.23%	-1,086.95%	4,757.08%	13,466.31%	17,966.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Retained Earnings	-364M	-249M	140M	-64M	-72M	-59M	-53M	-372M	-380M	-339M	-152M	0M	0M	964M	1,140M	1,229M	-689M	-567M	-571M	-454M	-400M	-367M	-284M	-193M	-70M	10M	52M	31M	21M	-22M	-28M	-28M	-36M	-36M	-28M	-21M	0M
Return on Retained Earnings	3.33%	84.11%	41.84%	19.02%	67.92%	54.34%	45.28%	-15.86%	-1.72%	27.58%	410.55%	0.00%	0.00%	-8.15%	10.61%	10.42%	-15.00%	-38.67%	-14.93%	-29.01%	-33.52%	-16.96%	5.28%	-16.34%	-127.07%	1,211.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accumulated OCI	0M	-291M	299M	126M	-119M	-179M	-171M	1M	1M	-1M	0M	-1,456M	-1,161M	1,036M	1,245M	1,359M	1,972M	-553M	-564M	7M	3M	8M	-1,506M	-13M	-1,103M	-924M	-728M	-575M	-468M	-435M	-347M	-271M	-224M	-177M	-146M	-115M	0M
Return on Accumulated OCI	5,827.77%	4,151,314.04%	2,075,659.64%	1,384,245.16%	1,038,170.73%	830,536.59%	692,113.82%	7,540.92%	1,073.11%	8,869.26%	20,739,066.67%	20.26%	9.37%	-7.59%	9.71%	9.42%	5.24%	-39.60%	-15.09%	1,880.00%	4,464.53%	791.23%	1.00%	-242.98%	-8.08%	-12.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Minority Interest	-8M	-3M	1,291M	933M	701M	561M	467M	-11M	-9M	-3M	5M	2M	58M	4,032M	4,218M	4,473M	140M	181M	190M	656M	32M	34M	23M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	704.18%	-4,812.51%	-2,417.34%	-1,559.43%	-1,172.88%	-938.30%	-781.92%	-552.05%	-75.21%	2,739.80%	-12,694.80%	-13,480.31%	-188.48%	-1.95%	2.87%	2.86%	73.86%	121.12%	44.92%	20.05%	415.04%	180.78%	-66.06%	0.00%	0.00%	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	344M	392M	2,120M	1,860M	1,645M	1,460M	1,274M	324M	339M	371M	396M	532M	806M	5,341M	5,705M	6,105M	1,285M	1,407M	1,405M	1,329M	1,263M	1,300M	1,118M	794M	921M	1,085M	1,082M	1,054M	837M	741M	522M	435M	420M	416M	331M	273M	271M
Return on Total Shareholders’ Equity	-1.69%	-43.52%	-22.03%	-11.56%	-7.51%	-6.01%	-5.01%	18.23%	1.93%	-25.23%	-157.04%	-55.48%	-13.49%	-1.47%	2.12%	2.10%	8.04%	15.58%	6.06%	9.90%	10.60%	4.78%	-1.34%	3.98%	9.68%	10.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Equity	337M	389M	3,411M	2,794M	2,346M	2,021M	1,741M	313M	331M	367M	401M	534M	864M	9,372M	9,923M	10,578M	1,425M	1,587M	1,595M	1,985M	1,296M	1,335M	1,141M	794M	921M	1,085M	1,082M	1,054M	837M	741M	522M	435M	420M	416M	331M	273M	271M
Return on Total Equity	-1.54%	-43.00%	-21.88%	-11.87%	-7.74%	-6.19%	-5.16%	18.85%	1.98%	-25.46%	-155.12%	-55.26%	-12.59%	-0.84%	1.22%	1.21%	7.25%	13.80%	5.34%	6.63%	10.34%	4.66%	-1.31%	3.98%	9.68%	10.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Liabilities & Equity	2,610M	3,044M	3,912M	4,819M	5,378M	4,964M	4,346M	2,747M	2,406M	2,678M	2,946M	4,444M	4,622M	4,057M	4,251M	4,492M	6,480M	6,599M	6,786M	6,897M	6,056M	6,825M	7,427M	8,034M	8,105M	5,959M	5,743M	4,638M	3,737M	3,295M	2,942M	1,941M	1,848M	1,687M	1,121M	912M	701M
Return on Total Liabilities & Equity	-0.36%	-5.77%	-2.58%	-1.08%	-0.65%	-0.52%	-0.43%	2.15%	0.27%	-3.49%	-21.12%	-6.64%	-2.35%	-1.94%	2.84%	2.85%	1.60%	3.32%	1.26%	1.91%	2.21%	0.91%	-0.20%	0.39%	1.10%	1.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	345M	360M	322M	306M	267M	214M	178M	327M	339M	370M	254M	512M	307M	284M	249M	267M	311M	302M	291M	287M	305M	179M	187M	208M	285M	79M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Investments	-1.77%	-61.63%	-24.15%	-1.02%	8.61%	6.89%	5.74%	18.06%	1.93%	-25.28%	-245.29%	-57.59%	-35.39%	-27.71%	48.53%	47.96%	33.23%	72.58%	29.27%	45.78%	43.96%	34.64%	-8.04%	15.21%	31.27%	149.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	2,058M	2,408M	2,034M	2,589M	3,262M	3,093M	2,718M	2,172M	1,935M	2,066M	2,191M	3,678M	3,498M	56M	21M	46M	4,674M	4,648M	4,796M	4,667M	4,433M	-51M	5,568M	6,044M	5,946M	4,536M	4,312M	3,346M	2,639M	2,389M	2,306M	1,419M	1,354M	1,202M	672M	586M	393M
Return on Net Debt	-0.49%	-7.58%	68.46%	38.32%	28.96%	23.17%	19.30%	2.72%	0.34%	-4.52%	-28.40%	-8.02%	-3.11%	-139.48%	584.14%	278.71%	2.21%	4.72%	1.78%	2.82%	3.02%	-122.11%	-0.27%	0.52%	1.50%	2.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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	-9M	-189M	-78M	-10M	4M	3M	3M	59M	7M	-93M	-622M	-295M	-109M	-79M	121M	128M	103M	219M	85M	132M	134M	62M	-15M	32M	89M	118M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Working Capital	325M	287M	91M	28M	590M	369M	288M	279M	245M	450M	399M	63M	-80M	-116M	-66M	-103M	-157M	-134M	-104M	-138M	-162M	51M	-119M	6,584M	6,513M	-760M	-840M	-713M	-574M	-597M	-483M	-209M	-199M	-197M	-78M	-131M	11M
Return on Working Capital	1.00%	-124.96%	-79.51%	-73.17%	-54.93%	-43.94%	-36.62%	21.12%	2.67%	-20.78%	-155.77%	-472.02%	135.39%	67.54%	-183.72%	-123.78%	-65.78%	-164.02%	-82.27%	-95.41%	-82.81%	122.11%	12.60%	0.48%	1.37%	-15.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Capital	2,442M	2,871M	4,204M	4,502M	4,958M	4,600M	4,033M	2,536M	2,309M	2,481M	2,757M	4,271M	4,337M	5,422M	5,758M	6,170M	5,996M	6,092M	6,266M	6,074M	5,753M	1,300M	6,734M	6,889M	6,932M	5,649M	5,423M	4,426M	3,575M	3,143M	2,838M	1,859M	1,781M	1,624M	1,072M	863M	664M
Return on Total Capital	-0.39%	-6.13%	-2.87%	-0.96%	-0.54%	-0.43%	-0.36%	2.33%	0.28%	-3.77%	-22.57%	-6.91%	-2.51%	-1.45%	2.10%	2.07%	1.72%	3.60%	1.36%	2.17%	2.33%	4.78%	-0.22%	0.46%	1.29%	2.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Employed	2,408M	2,852M	2,611M	3,499M	4,177M	3,886M	3,420M	2,526M	2,219M	2,478M	2,762M	4,274M	4,395M	402M	439M	477M	6,136M	6,273M	6,456M	6,737M	6,416M	496M	7,481M	6,889M	6,790M	5,090M	4,813M	3,847M	3,019M	2,643M	2,407M	1,685M	1,610M	1,456M	948M	749M	701M
Return on Capital Employed	-0.38%	-6.12%	0.35%	1.66%	1.44%	1.15%	0.96%	2.33%	0.29%	-3.77%	-22.53%	-6.90%	-2.48%	-19.54%	27.54%	26.84%	1.68%	3.49%	1.32%	1.95%	2.09%	12.53%	-0.20%	0.46%	1.31%	2.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital	2,402M	2,801M	4,154M	4,449M	4,907M	4,553M	3,992M	2,495M	2,274M	2,437M	2,587M	4,210M	4,304M	5,397M	5,726M	6,151M	5,959M	6,054M	6,201M	5,996M	5,697M	1,249M	6,686M	6,838M	6,867M	5,621M	5,394M	4,400M	3,477M	3,130M	2,828M	1,854M	1,774M	1,618M	1,003M	859M	664M
Return on Invested Capital	-0.40%	-6.45%	-3.03%	-1.05%	-0.61%	-0.49%	-0.41%	2.36%	0.29%	-3.84%	-24.05%	-7.01%	-2.53%	-1.46%	2.11%	2.08%	1.73%	3.62%	1.37%	2.19%	2.35%	4.97%	-0.22%	0.46%	1.30%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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	-9M	-189M	-78M	-10M	4M	3M	3M	124M	33M	59M	7M	-93M	-622M	-295M	-109M	-79M	121M	128M	103M	219M	85M	132M	134M	62M	-15M	32M	89M	118M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Depreciation & Amortization	215M	214M	190M	220M	231M	206M	178M	172M	168M	156M	212M	277M	208M	215M	256M	285M	299M	293M	-298M	292M	279M	254M	275M	290M	313M	332M	252M	238M	191M	150M	120M	100M	89M	62M	55M	45M	33M	27M	24M
Return on Depreciation & Amortization	2.36%	-85.83%	-44.97%	-14.82%	-6.64%	-5.31%	-4.43%	71.80%	19.58%	37.74%	3.09%	-33.73%	-299.01%	-137.23%	-42.50%	-27.53%	40.44%	43.73%	-34.74%	75.14%	30.54%	51.77%	48.62%	21.40%	-4.79%	9.51%	35.36%	49.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Income Tax	-1M	0M	0M	0M	-1M	-1M	-1M	0M	-1M	-2M	-1M	1M	0M	0M	3M	-3M	5M	-1M	0M	1M	2M	3M	-6M	2M	1M	-7M	-9M	-6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	-4,123.85%	-2,474.31%	-9,274.61%	-4,441.64%	-3,567.56%	-2,854.05%	-2,378.37%	-45,345.42%	-4,451.15%	-3,573.94%	-510.21%	-8,287.41%	0.00%	0.00%	-4,077.10%	2,704.58%	2,672.12%	-14,111.36%	-67,562.75%	16,489.84%	4,671.27%	4,252.02%	-2,351.82%	3,060.12%	-1,281.11%	-422.74%	-979.21%	-2,043.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	13M	8M	7M	5M	4M	3M	3M	16M	14M	15M	13M	12M	0M	0M	5M	5M	6M	6M	5M	4M	3M	4M	2M	2M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	-113.70%	-68.22%	223.49%	1,639.13%	1,205.63%	964.50%	803.75%	753.46%	228.43%	395.03%	50.42%	-786.55%	0.00%	0.00%	-2,274.24%	-1,458.74%	2,088.05%	2,239.94%	1,981.05%	5,507.67%	3,126.75%	3,518.72%	7,511.83%	2,687.03%	-474.34%	0.00%	0.00%	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	-22M	-9M	-1M	-5M	30M	2M	-7M	6M	0M	4M	-19M	-51M	72M	-50M	29M	15M	-2M	-10M	4M	-3M	-6M	-2M	-43M	-6M	-6,702M	70M	7,383M	60M	-139M	-73M	-66M	-117M	-278M	-18M	-7M	-59M	-10M	-163M	-11M
Return on Change in Working Capital	529.57%	263.17%	-328.76%	-1,305.35%	-966.93%	-773.54%	-644.62%	2,154.42%	-13,555.79%	1,439.35%	-33.92%	183.28%	-866.31%	593.47%	-370.76%	-540.51%	-4,970.82%	-1,314.74%	2,593.35%	-7,423.78%	-1,325.10%	-6,120.93%	-312.98%	-1,109.84%	0.22%	45.05%	1.21%	195.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Receivable	-5M	-14M	-10M	-8M	-8M	-9M	-8M	5M	-4M	0M	-4M	-10M	21M	-75M	-11M	1M	-4M	-8M	-5M	-4M	-12M	-2M	0M	0M	0M	0M	-6M	-23M	-11M	-5M	-23M	-7M	-14M	-12M	-5M	-9M	-2M	-2M	-3M
Return on Accounts Receivable	238.78%	-366.97%	-1,310.08%	-1,687.89%	-1,371.00%	-1,096.80%	-914.00%	2,566.19%	-900.00%	0.00%	-174.47%	890.81%	-2,944.08%	392.87%	999.33%	-5,697.46%	-3,068.76%	-1,604.09%	-1,894.98%	-5,407.11%	-689.46%	-6,120.93%	0.00%	0.00%	0.00%	0.00%	-1,587.94%	-513.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	0M	0M	-4M	-3M	-2M	-2M	-1M	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
Return on Inventory	0.00%	0.00%	27.00%	18.00%	13.50%	10.80%	9.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	270.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Payable	-1M	16M	15M	8M	11M	11M	10M	8M	0M	-3M	0M	0M	49M	35M	40M	12M	8M	3M	8M	-20M	-20M	16M	1M	-6M	-7M	0M	73M	5M	16M	12M	1M	23M	18M	6M	7M	15M	1M	5M	-8M
Return on Accounts Payable	-736.20%	-861.09%	246.01%	1,062.66%	938.10%	750.48%	625.40%	1,611.47%	0.00%	-2,208.61%	0.00%	0.00%	-1,264.63%	-832.23%	-270.01%	-665.04%	1,480.66%	4,866.54%	1,353.38%	-1,122.18%	-436.29%	841.16%	15,306.97%	-1,109.84%	224.18%	0.00%	121.61%	2,476.31%	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	-16M	-12M	-3M	-5M	27M	0M	-8M	-7M	3M	7M	-16M	-41M	1M	-10M	40M	1M	-7M	-4M	2M	1M	6M	-21M	-44M	6M	-6,696M	70M	7,315M	78M	-144M	-80M	-45M	-133M	-283M	-12M	-9M	-65M	-9M	-166M	11M
Return on Other Working Capital	353.36%	-7,564.45%	-4,294.36%	-1,428.07%	-1,061.23%	-848.98%	-707.48%	-1,831.26%	964.00%	871.43%	-42.11%	230.75%	-41,812.63%	2,930.33%	-270.43%	-5,850.19%	-1,815.92%	-2,918.15%	5,733.28%	19,904.63%	1,437.31%	-622.49%	-306.71%	1,109.84%	0.22%	45.05%	1.22%	150.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Cash Items	5M	113M	251M	182M	143M	162M	149M	-102M	-8M	-29M	-24M	69M	381M	169M	112M	571M	548M	583M	128M	-44M	104M	96M	28M	42M	6,824M	12M	-7,156M	97M	337M	262M	220M	291M	358M	74M	66M	102M	37M	191M	16M
Return on Other Non-Cash Items	-123.39%	-141.53%	-69.32%	-23.44%	1.73%	1.38%	1.15%	-121.68%	-431.13%	-206.72%	-27.25%	-136.20%	-163.28%	-174.18%	-96.77%	-13.75%	22.05%	21.95%	81.00%	-500.83%	81.71%	137.49%	476.91%	146.27%	-0.22%	266.06%	-1.25%	121.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Operating Activities	198M	113M	241M	313M	340M	319M	277M	216M	205M	202M	184M	208M	39M	-69M	273M	235M	377M	448M	516M	468M	465M	482M	442M	430M	432M	419M	470M	389M	390M	339M	274M	274M	169M	118M	114M	89M	61M	55M	29M
Return on Net Cash from Operating Activities	-4.05%	-238.28%	-118.39%	-69.78%	-49.67%	-39.74%	-33.11%	57.39%	15.97%	29.16%	3.57%	-44.89%	-1,604.61%	425.39%	-39.79%	-33.43%	32.06%	28.59%	20.04%	46.82%	18.33%	27.33%	30.31%	14.46%	-3.47%	7.54%	18.96%	30.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Expenditures (PPE)	0M	-1M	-4M	-58M	-167M	-240M	-286M	0M	0M	0M	0M	0M	-5M	-1M	6M	-7M	-17M	-7M	-12M	-261M	-116M	-237M	-217M	0M	-230M	-438M	-565M	-452M	-788M	-807M	-501M	-575M	-442M	-335M	-467M	-1,253M	-369M	-496M	0M
Return on Capital Expenditures (PPE)	0.00%	7,252.77%	3,209.19%	2,121.13%	1,588.73%	1,270.98%	1,059.15%	0.00%	0.00%	0.00%	0.00%	0.00%	12,900.10%	23,363.74%	-1,880.00%	1,146.48%	-727.77%	-1,814.43%	-896.23%	-83.93%	-73.71%	-55.53%	-61.76%	0.00%	6.52%	-7.22%	-15.79%	-25.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Acquisitions (Net)	-8M	-5M	-21M	-39M	-73M	-58M	-49M	-9M	-8M	-9M	-11M	-3M	0M	1M	-6M	7M	0M	-1M	-192M	-225M	-41M	-96M	-12M	0M	-67M	0M	-376M	0M	-427M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Acquisitions (Net)	726.14%	-49,849.27%	-30,421.31%	-20,384.76%	-15,288.63%	-12,230.91%	-10,192.42%	-1,415.10%	-395.86%	-621.33%	-59.91%	2,859.65%	-208,782.55%	-42,642.20%	1,880.00%	-1,070.12%	-30,773.54%	-24,949.32%	-53.84%	-97.19%	-207.81%	-137.08%	-1,116.13%	0.00%	22.43%	0.00%	-23.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	-472M	-597M	-416M	-285M	-234M	-192M	-160M	-282M	-340M	-361M	-313M	-741M	-1,270M	-300M	-6M	-146M	-306M	-291M	-426M	-34M	-34M	-9M	-35M	-10M	-91M	0M	-240M	-34M	-29M	-36M	-26M	-21M	-25M	-6M	-7M	-7M	-4M	-6M	0M
Return on Purchases of Investments	-1.94%	28.32%	196.79%	-96.23%	-90.59%	-72.47%	-60.39%	-43.86%	-9.66%	-16.34%	-2.09%	12.61%	48.97%	98.47%	1,880.00%	53.98%	-39.47%	-43.95%	-24.24%	-643.37%	-250.14%	-1,493.93%	-377.30%	-646.73%	16.47%	0.00%	-37.22%	-347.53%	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	445M	541M	340M	190M	145M	117M	98M	154M	358M	380M	356M	601M	1,361M	9M	19M	89M	229M	201M	159M	16M	11M	-354M	-231M	0M	25M	0M	5M	3M	13M	18M	2M	2M	1M	1M	1M	3M	7M	3M	0M
Return on Sales / Maturities of Investments	0.60%	-671.00%	-384.73%	-119.18%	219.29%	175.43%	146.19%	80.25%	9.15%	15.53%	1.84%	-15.56%	-45.71%	-3,311.09%	-585.99%	-87.82%	52.81%	63.72%	64.95%	1,380.30%	774.44%	-37.18%	-57.93%	0.00%	-59.89%	0.00%	1,930.84%	4,302.49%	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	4M	3M	-4M	-27M	156M	235M	282M	70M	31M	56M	-30M	-13M	1M	1M	12M	3M	-76M	10M	-1M	-235M	-126M	-247M	229M	4M	205M	438M	1,176M	483M	1,230M	825M	525M	594M	466M	340M	473M	1,257M	366M	499M	0M
Return on Other Investing Activities	266.44%	-17,508.46%	-9,676.16%	-6,358.91%	-4,767.59%	-3,814.08%	-3,178.40%	175.79%	106.81%	105.86%	-21.72%	715.19%	-58,474.81%	-29,866.80%	-921.14%	-2,463.72%	-159.53%	1,281.44%	-6,956.33%	-93.31%	-67.79%	-53.35%	58.52%	1,533.84%	-7.32%	7.22%	7.58%	24.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Investing Activities	-30M	-59M	-79M	-112M	-276M	-308M	-306M	-66M	41M	65M	2M	-157M	87M	-290M	25M	-52M	-94M	-98M	-280M	-235M	-126M	-247M	-267M	-6M	-158M	-454M	-1,556M	-474M	-1,204M	-722M	-618M	-359M	-287M	-195M	-263M	-581M	-265M	-266M	-100M
Return on Net Cash from Investing Activities	178.40%	-15.12%	-66.38%	-136.45%	-103.73%	-82.99%	-69.16%	-186.60%	79.63%	90.71%	384.83%	59.66%	-712.45%	101.64%	-442.43%	149.93%	-128.12%	-130.71%	-36.89%	-93.31%	-67.79%	-53.35%	-50.22%	-1,118.23%	9.50%	-6.95%	-5.73%	-24.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	-108M	-54M	-85M	-60M	37M	41M	34M	-27M	-148M	-146M	-79M	-99M	-158M	210M	-207M	-150M	-57M	-212M	43M	11M	119M	-23M	-153M	0M	-473M	243M	1,049M	231M	593M	287M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Debt Issuance	15.22%	59.76%	36.97%	115.25%	90.22%	72.17%	60.14%	-459.63%	-22.22%	-40.32%	-8.29%	94.26%	393.67%	-140.52%	52.55%	52.44%	-212.87%	-60.47%	239.27%	1,942.65%	71.86%	-567.76%	-87.72%	0.00%	3.17%	12.98%	8.50%	50.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt Issuance	-108M	-54M	-85M	-60M	37M	41M	34M	-27M	-148M	-146M	-79M	-99M	-158M	210M	-207M	-150M	-57M	-212M	43M	11M	119M	-23M	-153M	0M	-473M	243M	1,049M	231M	593M	287M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Debt Issuance	15.22%	59.76%	36.97%	115.25%	90.22%	72.17%	60.14%	-459.63%	-22.22%	-40.32%	-8.29%	94.26%	393.67%	-140.52%	52.55%	52.44%	-212.87%	-60.47%	239.27%	1,942.65%	71.86%	-567.76%	-87.72%	0.00%	3.17%	12.98%	8.50%	50.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-13M	-8M	-4M	0M	11M	16M	14M	-17M	-24M	-36M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	56M	-17M	0M	362M	-4M	-97M	3M	-38M	185M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Stock Issuance	-250.67%	-1,180,486.40%	-617,819.86%	-411,915.37%	-308,757.15%	-247,005.72%	-205,838.10%	-742.08%	-135.47%	-161.75%	-590.26%	0.00%	0.00%	-5,901,680.00%	-271,942.50%	27,186.16%	-31,010.26%	0.00%	0.00%	0.00%	0.00%	233.56%	-765.57%	0.00%	-4.15%	-875.47%	-92.31%	4,559.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Issuance	0M	0M	0M	24M	37M	46M	44M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	210M	171M	-17M	0M	362M	-4M	0M	9M	10M	185M	77M	128M	11M	5M	3M	2M	76M	2M	81M
Return on Common Stock Issuance	0.00%	-1,180,336.00%	-604,713.51%	-394,836.98%	-294,693.39%	-235,754.72%	-196,462.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-5,901,680.00%	-271,942.50%	0.00%	0.00%	71,502.79%	54,984.57%	125,228.57%	40.66%	76.80%	-765.57%	0.00%	-4.15%	-875.47%	28,300.63%	1,265.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Repurchased	-13M	-8M	-4M	-10M	-16M	-18M	-15M	-17M	-24M	-36M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-115M	0M	0M	0M	0M	-105M	-7M	-48M	0M	-129M	-10M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	-250.67%	-150.40%	-457.61%	-312.70%	-326.37%	-261.10%	-217.58%	-742.08%	-135.47%	-161.75%	-590.26%	0.00%	0.00%	0.00%	0.00%	27,186.16%	-31,010.26%	0.00%	0.00%	0.00%	0.00%	-114.43%	0.00%	0.00%	0.00%	0.00%	-84.77%	-1,752.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-64M	-38M	-111M	-113M	-89M	-71M	-59M	-76M	-50M	-50M	-118M	-24M	0M	0M	-60M	-183M	-226M	-226M	-226M	-212M	-196M	-177M	0M	0M	0M	-22M	-26M	-31M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Dividends Paid	89.64%	53.79%	33.84%	7.82%	-37.64%	-30.11%	-25.09%	-163.59%	-65.54%	-117.10%	-5.54%	391.58%	0.00%	0.00%	182.43%	43.00%	-53.47%	-56.67%	-45.83%	-103.52%	-43.42%	-74.15%	0.00%	0.00%	0.00%	-144.77%	-340.97%	-384.39%	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	-64M	-38M	-108M	-122M	-126M	-105M	-88M	-76M	-50M	-50M	-118M	-24M	0M	0M	-26M	-183M	-226M	-226M	-226M	-212M	-196M	-177M	-165M	0M	-78M	-166M	-159M	-153M	-134M	-107M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Dividends Paid	89.64%	53.79%	57.50%	18.20%	7.02%	5.61%	4.68%	-163.59%	-65.54%	-117.10%	-5.54%	391.58%	0.00%	0.00%	419.03%	43.00%	-53.47%	-56.67%	-45.83%	-103.52%	-43.42%	-74.15%	-80.97%	0.00%	19.15%	-18.99%	-56.17%	-76.58%	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	-3M	-2M	-2M	-1M	-1M	0M	0M	0M	0M	0M	0M	0M	-34M	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%	32.31%	21.54%	16.15%	12.92%	10.77%	77,370,625.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	323.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	-11M	-7M	-27M	-50M	-66M	-154M	-152M	-10M	-3M	-3M	-6M	-23M	0M	-1M	-30M	-35M	-68M	-48M	-54M	-60M	-274M	-68M	-73M	0M	-87M	-145M	-124M	-122M	-100M	-90M	-617M	-844M	-720M	-249M	-139M	-228M	-133M	-145M	-78M
Return on Other Financing Activities	-473.53%	39,715.09%	19,852.71%	13,183.86%	9,879.25%	7,903.40%	6,586.17%	-1,290.32%	-1,134.73%	-1,720.25%	-111.18%	410.84%	170,458.08%	29,537.94%	364.06%	224.76%	-177.58%	-269.19%	-190.41%	-363.12%	-31.08%	-192.46%	-182.50%	0.00%	17.21%	-21.80%	-71.94%	-96.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Financing Activities	-195M	-107M	-227M	-363M	-523M	-537M	-472M	-129M	-225M	-237M	-204M	-146M	-158M	209M	-296M	-368M	-351M	-485M	-237M	-261M	-352M	-213M	-2,345M	0M	-963M	-1,698M	-685M	-1,049M	-621M	-537M	-617M	-844M	-720M	-249M	-139M	-228M	-133M	-145M	-78M
Return on Net Cash from Financing Activities	11.99%	57.51%	24.11%	4.35%	2.03%	1.63%	1.36%	-96.05%	-14.59%	-24.93%	-3.21%	64.12%	392.77%	-141.19%	36.69%	21.36%	-34.45%	-26.41%	-43.68%	-84.04%	-24.22%	-61.87%	-5.71%	0.00%	1.56%	-1.86%	-13.02%	-11.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Effect of FX on Cash	0M	64M	509M	854M	859M	847M	763M	0M	0M	0M	0M	0M	140M	180M	0M	673M	1,295M	1,242M	1,556M	1,071M	2,321M	2,156M	2,175M	0M	0M	-2M	1,807M	1,134M	1,438M	926M	968M	933M	843M	324M	288M	722M	336M	357M	0M
Return on Effect of FX on Cash	0.00%	-121.68%	-59.38%	-37.16%	-1,280.13%	-1,024.10%	-853.42%	0.00%	0.00%	0.00%	0.00%	0.00%	-444.16%	-164.25%	0.00%	-11.68%	9.34%	10.31%	6.64%	20.47%	3.67%	6.10%	6.16%	0.00%	-23,060.00%	-2,000.44%	4.93%	10.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	-27M	11M	4M	30M	24M	20M	12M	20M	22M	31M	-19M	-94M	108M	29M	2M	-7M	14M	-53M	34M	-28M	-13M	22M	5M	424M	-3M	-15M	37M	0M	3M	5M	7M	3M	5M	-2M	1M	3M	-1M	1M	-149M
Return on Net Change in Cash	85.47%	-267.93%	-637.81%	-310.36%	-4,465.18%	-3,572.15%	-2,976.79%	604.02%	150.54%	191.91%	-34.68%	99.19%	-577.30%	-1,018.76%	-7,036.03%	1,049.11%	884.32%	-243.21%	307.30%	-795.12%	-668.37%	593.97%	2,577.68%	14.65%	473.59%	-216.36%	240.12%	-85,145.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash at Beginning of Period	167M	119M	81M	71M	63M	53M	45M	623M	511M	123M	142M	236M	62M	33M	58M	33M	19M	72M	38M	66M	78M	56M	51M	0M	51M	66M	29M	29M	26M	20M	13M	10M	5M	7M	6M	3M	4M	3M	2M
Return on Cash at Beginning of Period	4.32%	-378.66%	-123.38%	-19.50%	22.21%	17.77%	14.81%	19.87%	6.42%	47.91%	4.61%	-39.58%	-1,007.06%	-899.21%	-189.14%	-240.81%	638.17%	178.82%	272.47%	334.58%	108.89%	234.61%	263.16%	0.00%	-29.26%	47.99%	310.62%	407.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash at End of Period	140M	130M	86M	101M	87M	73M	56M	643M	533M	154M	123M	142M	170M	62M	59M	25M	33M	19M	72M	38M	66M	78M	56M	424M	48M	51M	66M	29M	29M	26M	20M	13M	10M	5M	7M	6M	3M	4M	-147M
Return on Cash at End of Period	-7.40%	-173.35%	-17.30%	63.75%	76.58%	61.27%	51.05%	19.24%	6.15%	38.34%	5.32%	-65.86%	-366.95%	-477.63%	-184.19%	-312.55%	370.67%	675.37%	144.42%	577.65%	130.08%	168.18%	238.78%	14.65%	-31.19%	61.66%	135.43%	409.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow	198M	113M	241M	313M	340M	319M	277M	216M	205M	202M	184M	208M	39M	-69M	273M	235M	377M	448M	516M	468M	465M	482M	442M	430M	432M	419M	470M	389M	390M	339M	274M	274M	169M	118M	114M	89M	61M	55M	29M
Return on Operating Cash Flow	-4.05%	-238.28%	-118.39%	-69.78%	-49.67%	-39.74%	-33.11%	57.39%	15.97%	29.16%	3.57%	-44.89%	-1,604.61%	425.39%	-39.79%	-33.43%	32.06%	28.59%	20.04%	46.82%	18.33%	27.33%	30.31%	14.46%	-3.47%	7.54%	18.96%	30.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Expenditure	0M	0M	-4M	-58M	-167M	-240M	-286M	0M	0M	0M	0M	0M	0M	0M	6M	-7M	-17M	-7M	-12M	-261M	-116M	-237M	-217M	0M	-230M	-438M	-565M	-452M	-788M	-807M	-501M	-575M	-442M	-335M	-467M	-1,253M	-369M	-496M	0M
Return on Capital Expenditure	0.00%	0.00%	-417.20%	-296.46%	-224.47%	-179.57%	-149.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,880.00%	1,146.48%	-727.77%	-1,814.43%	-896.23%	-83.93%	-73.71%	-55.53%	-61.76%	0.00%	6.52%	-7.22%	-15.79%	-25.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow	198M	113M	238M	255M	173M	79M	-9M	216M	205M	202M	184M	208M	39M	-69M	279M	228M	361M	441M	504M	207M	349M	245M	225M	430M	202M	-19M	-94M	-63M	-398M	-467M	-226M	-301M	-273M	-217M	-353M	-1,164M	-308M	-441M	29M
Return on Free Cash Flow	-4.05%	-238.28%	-118.17%	-61.57%	-68.98%	-55.19%	-45.99%	57.39%	15.97%	29.16%	3.57%	-44.89%	-1,604.61%	425.39%	-38.96%	-34.44%	33.54%	29.05%	20.50%	105.90%	24.40%	53.82%	59.54%	14.46%	-7.42%	-169.17%	-94.39%	-185.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31
Net Income	-13M	-213M	-91M	-12M	-9M	123M	32M	57M	3M	-100M	-622M	-404M	-132M	-79M	126M	172M	71M	219M	85M	132M	185M	98M	-7M	7M	0M	0M	0M	0M
EBITDA	385M	318M	456M	468M	466M	451M	349M	369M	389M	398M	339M	97M	474M	544M	608M	663M	683M	685M	459M	475M	420M	419M	415M	719M	389M	397M	385M	319M
Return on EBITDA	-2.90%	-121.72%	-59.37%	-29.87%	-22.43%	27.32%	9.19%	15.48%	0.82%	-25.00%	-183.34%	-416.58%	-27.80%	-14.45%	20.74%	26.00%	10.41%	32.00%	18.57%	27.70%	44.01%	23.44%	-1.70%	1.04%	0.00%	0.00%	0.00%	0.00%
(-) Tax Adjustment	35M	21M	-97M	-67M	-40M	0M	4M	7M	85M	13M	-3M	5M	12M	-1,087M	-8M	11M	-8M	-12M	5M	3M	-1M	-29M	37M	137M	22M	13M	0M	0M
Return on (-) Tax Adjustment	24.79%	3,349.88%	1,489.70%	-1,031.76%	-774.50%	68,238.71%	807.59%	853.69%	3.78%	-783.10%	24,560.66%	-7,885.62%	-1,133.47%	7.23%	-1,494.18%	1,639.27%	-871.29%	-1,831.54%	1,659.30%	3,839.74%	-33,707.03%	-333.80%	-19.18%	5.46%	0.00%	0.00%	0.00%	0.00%
(-) Change In Working Capital	-22M	-9M	-1M	-5M	30M	6M	0M	4M	-19M	-51M	72M	-50M	29M	15M	-2M	-10M	4M	-3M	-6M	-2M	-43M	-6M	-6,702M	70M	7,383M	60M	-139M	-73M
Return on (-) Change In Working Capital	524.21%	303.80%	-464.08%	-1,446.40%	-1,084.26%	2,143.26%	-13,242.98%	1,394.12%	-16.60%	195.10%	-866.31%	812.69%	-448.96%	-540.51%	-5,183.72%	-1,771.33%	1,784.72%	-7,423.78%	-1,325.10%	-6,120.93%	-432.29%	-1,753.04%	0.11%	10.66%	0.00%	0.00%	0.00%	0.00%
(-) Capital Expenditure	0M	0M	-4M	-58M	-167M	0M	0M	0M	0M	0M	0M	0M	6M	-7M	-17M	-7M	-12M	-261M	-116M	-237M	-217M	0M	-230M	-438M	-565M	-452M	-788M	-807M
Return on (-) Capital Expenditure	0.00%	0.00%	-495.03%	-349.92%	-262.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2,276.55%	1,146.48%	-758.94%	-2,444.56%	-616.78%	-83.93%	-73.71%	-55.53%	-85.30%	0.00%	3.08%	-1.71%	0.00%	0.00%	0.00%	0.00%
Unlevered Free Cash Flow	373M	306M	550M	481M	309M	445M	345M	358M	323M	436M	270M	142M	427M	1,610M	602M	655M	676M	439M	345M	237M	247M	454M	6,851M	74M	-7,580M	-128M	-264M	-414M
Return on Unlevered Free Cash Flow	-1.96%	-104.32%	-49.96%	-18.18%	-13.14%	27.68%	9.29%	15.95%	0.99%	-22.81%	-230.38%	-285.38%	-30.84%	-4.88%	20.93%	26.31%	10.52%	49.97%	24.73%	55.56%	74.95%	21.63%	-0.10%	10.08%	0.00%	0.00%	0.00%	0.00%
(-) Net Interest Income After Taxes	-156M	-130M	-85M	-56M	-16M	-159M	-143M	-136M	-125M	-206M	0M	-184M	-199M	0M	0M	0M	0M	0M	-227M	240M	0M	0M	0M	0M	272M	249M	0M	0M
Return on (-) Net Interest Income After Taxes	1.30%	44.70%	28.99%	20.47%	15.36%	-77.41%	-22.46%	-41.92%	-2.57%	48.40%	0.00%	219.61%	66.36%	0.00%	0.00%	0.00%	0.00%	0.00%	-37.58%	54.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	-108M	-54M	-85M	-60M	37M	-27M	-148M	-146M	-79M	-99M	-158M	210M	-207M	-150M	-57M	-212M	43M	11M	119M	-23M	-153M	0M	-473M	243M	1,049M	231M	593M	287M
Return on Net Debt Issuance	19.08%	51.70%	23.58%	104.09%	78.30%	-457.25%	-21.71%	-39.05%	-4.06%	100.35%	393.67%	-192.42%	63.64%	52.44%	-221.98%	-81.46%	164.67%	1,942.65%	71.86%	-567.76%	-121.16%	0.00%	1.50%	3.07%	0.00%	0.00%	0.00%	0.00%
Levered Free Cash Flow	420M	382M	549M	477M	362M	577M	340M	348M	369M	543M	112M	536M	419M	1,460M	546M	444M	719M	450M	690M	-26M	94M	454M	6,378M	317M	-6,803M	-146M	329M	-127M
Return on Levered Free Cash Flow	-0.35%	-126.38%	-59.69%	-54.49%	-40.76%	21.34%	9.43%	16.41%	0.87%	-18.33%	-555.40%	-75.45%	-31.46%	-5.38%	23.11%	38.87%	9.89%	48.71%	12.35%	-499.67%	196.51%	21.63%	-0.11%	2.35%	0.00%	0.00%	0.00%	0.00%