The Cross-Harbour (Holdings) Limited (0032.HK)

Category: Company Returns Sector: Consumer Defensive Industry: Education & Training Services Live Price: $8.12

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Net Income	22M	30M	59M	56M	48M	135M	-67M	56M	67M	-57M	-6M	93M	93M	58M	152M	53M	80M	61M	57M	52M	31M	46M	37M	18M	34M	22M	21M	17M	11M
Revenue	120M	110M	89M	71M	62M	323M	189M	157M	112M	90M	90M	98M	89M	32M	137M	30M	57M	40M	37M	36M	32M	29M	28M	31M	37M	35M	32M	33M	33M
Return on Revenue	10.49%	23.96%	83.15%	102.21%	97.12%	41.81%	-35.15%	35.46%	59.41%	-63.41%	-7.04%	95.36%	104.51%	179.48%	110.65%	177.63%	139.45%	153.52%	151.53%	142.22%	96.41%	157.97%	133.94%	57.39%	89.97%	62.99%	64.88%	53.13%	34.18%
Cost of Revenue	39M	35M	29M	22M	20M	88M	62M	45M	40M	32M	29M	27M	28M	26M	23M	21M	20M	17M	15M	15M	0M	0M	13M	14M	15M	14M	0M	0M	0M
Return on Cost of Revenue	36.65%	86.79%	230.79%	225.90%	210.21%	153.78%	-106.87%	123.82%	167.53%	-181.39%	-21.53%	345.49%	339.39%	224.35%	662.42%	246.01%	401.82%	353.00%	378.72%	348.79%	0.00%	0.00%	296.20%	129.25%	231.91%	158.35%	0.00%	0.00%	0.00%
Gross Profit	81M	75M	60M	49M	42M	235M	127M	112M	73M	59M	61M	71M	62M	6M	114M	8M	37M	22M	22M	22M	32M	29M	15M	17M	23M	21M	32M	33M	33M
Return on Gross Profit	14.75%	33.10%	219.95%	214.55%	194.12%	57.42%	-52.37%	49.69%	92.06%	-97.49%	-10.46%	131.72%	151.01%	897.47%	132.84%	639.07%	213.56%	271.66%	252.61%	240.14%	96.41%	157.97%	244.50%	103.23%	146.98%	104.59%	64.88%	53.13%	34.18%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on R&D Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	33M	31M	27M	23M	20M	73M	64M	39M	34M	26M	28M	27M	32M	26M	24M	21M	18M	15M	12M	12M	11M	25M	11M	10M	12M	12M	11M	11M	11M
Return on SG&A Expenses	41.30%	89.20%	230.79%	273.32%	263.21%	184.71%	-104.01%	144.52%	198.75%	-219.38%	-22.23%	344.35%	290.88%	217.22%	643.82%	256.32%	453.63%	415.73%	476.35%	422.58%	290.60%	186.68%	351.36%	175.02%	272.60%	181.41%	183.93%	157.40%	97.90%
Operating Expenses	31M	30M	39M	35M	28M	73M	64M	39M	23M	30M	35M	23M	32M	53M	55M	54M	50M	46M	12M	12M	39M	19M	11M	10M	-1M	10M	11M	11M	11M
Return on Operating Expenses	82.96%	127.92%	157.18%	194.91%	50.16%	185.16%	-104.01%	144.96%	292.14%	-188.23%	-17.91%	408.62%	290.88%	108.34%	276.45%	98.34%	158.23%	131.55%	476.35%	422.58%	78.48%	242.84%	351.36%	175.02%	-2,854.68%	223.99%	183.93%	157.40%	97.90%
Operating Income (EBIT)	51M	45M	33M	24M	21M	162M	63M	74M	50M	28M	25M	48M	30M	-20M	91M	-12M	20M	8M	5M	8M	-7M	10M	9M	-1M	24M	11M	11M	10M	7M
Return on Operating Income (EBIT)	1.82%	34.94%	34.51%	191.56%	95.69%	83.23%	-105.47%	75.61%	134.43%	-204.57%	-25.13%	194.37%	314.03%	-286.58%	167.38%	-427.97%	403.54%	783.90%	1,068.26%	646.12%	-421.94%	452.01%	419.70%	-1,909.42%	139.79%	196.19%	194.10%	169.02%	166.32%
Interest Income	0M	0M	0M	0M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	1M	0M	0M	0M	0M
Return on Interest Income	-1,060,119.05%	-116,072.97%	1,277,882.85%	991,112.88%	743,714.59%	0.00%	-5,647.72%	0.00%	0.00%	-3,180,357.14%	-189,403.85%	2,789,396.15%	2,797,330.77%	1,720,734.62%	4,720,192.00%	1,641,704.00%	2,479,232.00%	1,888,856.00%	114,629.69%	52,787.58%	31,591.39%	0.00%	0.00%	2,384.26%	5,214.43%	0.00%	0.00%	0.00%	0.00%
Interest Expense	2M	1M	1M	1M	0M	5M	1M	2M	2M	0M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	1M	1M	1M	0M	0M	0M	0M	0M	8M
Return on Interest Expense	-7,944.68%	-1,009.35%	676,415.40%	643,705.00%	486,179.04%	2,871.27%	-5,647.72%	2,298.39%	3,218.26%	-29,350.69%	-1,804.51%	20,591.79%	15,893.92%	0.00%	2,950,120.00%	1,323,954.84%	2,479,232.00%	2,485,336.84%	357,868.29%	40,504.01%	4,019.46%	3,692.39%	5,366.42%	31,734.39%	12,232.82%	14,257.10%	4,415.15%	7,779.77%	147.63%
Net Interest Income	-2M	-1M	-1M	-1M	0M	-5M	0M	-2M	-2M	0M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M	-1M	-1M	-1M	1M	0M	0M	0M	0M	0M
Return on Net Interest Income	8,035.81%	1,036.87%	-1,643,895.50%	-564,137.94%	-423,722.06%	-2,871.27%	0.00%	-2,298.39%	-3,218.26%	29,624.09%	1,821.86%	-20,744.94%	-15,984.75%	-1,720,734.62%	-7,866,986.67%	-6,840,433.33%	0.00%	7,870,233.33%	168,650.57%	-53,700.13%	-4,605.43%	-3,692.39%	-5,366.42%	2,577.95%	9,088.57%	-14,257.10%	-4,415.15%	0.00%	0.00%
Unusual Items	42M	17M	-20M	-30M	-28M	4M	206M	4M	8M	115M	18M	-58M	9M	-80M	-78M	-74M	-68M	-61M	-58M	-52M	-41M	-38M	-31M	-23M	-15M	-15M	-14M	-14M	-2M
Return on Unusual Items	732.14%	399.91%	253.89%	136.37%	65.69%	3,559.30%	-32.37%	1,428.23%	818.11%	-49.93%	-34.79%	-162.08%	993.45%	-72.29%	-193.42%	-71.08%	-117.32%	-99.93%	-98.12%	-99.52%	-74.18%	-121.59%	-121.58%	-77.99%	-230.38%	-151.34%	-150.42%	-127.63%	-741.04%
EBT Excluding Unusual Items	-32M	11M	75M	85M	76M	159M	-348M	68M	35M	-201M	-11M	163M	12M	139M	247M	136M	156M	129M	121M	112M	76M	87M	71M	45M	53M	41M	39M	38M	17M
Return on EBT Excluding Unusual Items	99.51%	82.77%	141.70%	110.01%	95.74%	84.73%	19.12%	81.56%	188.50%	28.46%	58.31%	57.04%	810.52%	41.36%	61.29%	38.76%	51.21%	46.97%	46.92%	46.19%	40.31%	52.82%	52.58%	40.43%	63.59%	54.40%	53.55%	46.05%	64.58%
Pre-Tax Income	10M	29M	54M	55M	48M	163M	-143M	72M	44M	-86M	7M	106M	21M	59M	169M	62M	88M	68M	63M	60M	35M	49M	40M	21M	38M	26M	25M	24M	16M
Return on Pre-Tax Income	98.85%	59.66%	110.72%	103.57%	99.31%	82.76%	46.71%	77.16%	153.20%	66.20%	-86.26%	88.01%	446.36%	96.68%	89.73%	85.23%	90.89%	88.63%	89.91%	86.20%	88.28%	93.39%	92.64%	83.96%	87.84%	84.93%	83.15%	72.05%	70.74%
Income Tax Expense	5M	5M	4M	3M	3M	11M	11M	6M	5M	5M	5M	4M	3M	-4M	11M	3M	2M	3M	2M	3M	1M	1M	1M	1M	2M	1M	2M	4M	3M
Return on Income Tax Expense	388.42%	627.54%	1,099.19%	1,609.83%	1,682.62%	1,209.76%	-606.47%	950.85%	1,286.33%	-1,071.91%	-124.49%	2,096.93%	2,943.84%	-1,367.75%	1,342.76%	1,579.72%	3,355.57%	2,138.84%	3,287.61%	1,683.94%	2,155.00%	3,890.19%	3,715.16%	1,547.51%	1,612.99%	1,501.40%	1,127.84%	427.61%	440.60%
Depreciation and Amortization	12M	12M	9M	7M	6M	10M	21M	15M	12M	10M	11M	12M	13M	5M	5M	5M	4M	3M	3M	2M	2M	3M	2M	3M	3M	3M	2M	3M	2M
Return on Depreciation and Amortization	114.99%	209.29%	923.80%	1,261.49%	1,193.00%	1,408.67%	-317.15%	379.57%	565.45%	-600.05%	-55.14%	756.64%	700.71%	1,083.04%	3,001.75%	1,139.41%	2,266.62%	2,216.34%	2,138.76%	2,194.70%	1,387.12%	1,747.37%	1,566.02%	563.57%	1,069.44%	857.63%	881.01%	664.69%	509.46%
EBITDA	28M	19M	23M	18M	17M	175M	-120M	88M	62M	-65M	-51M	60M	43M	-15M	96M	-8M	23M	10M	8M	10M	-5M	13M	12M	2M	27M	14M	14M	13M	24M
Return on EBITDA	86.72%	85.43%	6.99%	109.26%	158.44%	77.13%	55.31%	63.28%	108.61%	88.27%	12.33%	154.65%	216.85%	-389.70%	158.54%	-685.43%	342.55%	579.08%	720.62%	502.39%	-595.10%	361.90%	314.31%	779.91%	123.63%	159.67%	152.47%	130.46%	47.61%
NOPAT	47M	39M	29M	21M	18M	151M	68M	68M	44M	30M	8M	46M	25M	-21M	85M	-12M	19M	7M	5M	8M	-7M	10M	9M	-1M	23M	11M	10M	9M	6M
Return on NOPAT	14.07%	32.65%	40.75%	201.85%	100.23%	89.34%	-97.93%	82.29%	152.60%	-192.67%	-81.85%	202.89%	370.16%	-267.66%	179.36%	-452.38%	414.77%	817.79%	1,098.30%	680.98%	-439.96%	463.12%	430.43%	-2,018.96%	147.84%	207.95%	209.54%	203.26%	198.13%
Owner's Earnings	32M	40M	63M	57M	49M	150M	-50M	68M	75M	-49M	2M	103M	94M	53M	151M	53M	76M	61M	59M	38M	30M	34M	40M	20M	34M	23M	19M	19M	13M
Return on Owner's Earnings	95.74%	4.27%	53.27%	73.49%	79.55%	90.28%	132.37%	81.65%	88.74%	116.83%	-356.38%	90.53%	99.21%	108.09%	100.19%	99.53%	104.32%	100.00%	96.18%	136.57%	101.25%	135.60%	94.52%	88.83%	98.21%	97.82%	109.22%	92.71%	87.10%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Net Income	22M	30M	59M	56M	48M	56M	67M	-57M	-6M	93M	93M	58M	152M	53M	80M	61M	57M	52M	31M	46M	37M	18M	34M	22M	21M	17M	11M
Cash & Cash Equivalents	302M	298M	285M	234M	199M	324M	321M	259M	315M	272M	218M	166M	388M	345M	241M	213M	137M	87M	104M	121M	143M	61M	156M	56M	62M	57M	43M
Return on Cash & Cash Equivalents	5.32%	9.64%	21.33%	27.36%	28.02%	17.23%	20.81%	-22.08%	-2.01%	34.26%	42.92%	34.68%	39.10%	15.31%	33.08%	28.43%	41.41%	59.70%	29.58%	38.00%	26.12%	29.41%	21.62%	39.54%	33.34%	30.52%	26.33%
Short-Term Investments	242M	248M	173M	124M	96M	364M	161M	199M	219M	297M	348M	59M	40M	15M	29M	19M	38M	26M	30M	8M	10M	5M	24M	20M	0M	0M	0M
Return on Short-Term Investments	9.40%	11.33%	117.88%	167.70%	174.77%	15.33%	41.58%	-28.70%	-2.90%	31.35%	26.82%	97.16%	377.60%	343.38%	277.22%	326.64%	150.85%	199.06%	101.32%	558.73%	363.37%	362.50%	140.53%	113.51%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	486M	512M	486M	377M	310M	515M	484M	459M	533M	569M	566M	463M	555M	406M	312M	247M	174M	113M	134M	130M	154M	66M	180M	76M	62M	57M	43M
Return on Cash & Short-Term Investments	4.06%	5.47%	12.22%	18.91%	20.83%	10.85%	13.81%	-12.48%	-1.19%	16.37%	16.51%	12.43%	27.34%	12.98%	25.52%	24.62%	32.49%	45.92%	22.90%	35.58%	24.37%	27.20%	18.74%	29.33%	33.34%	30.52%	26.33%
Net Receivables	12M	16M	16M	11M	8M	8M	2M	26M	17M	27M	28M	17M	12M	11M	10M	7M	1M	1M	1M	0M	0M	1M	-6M	3M	2M	2M	0M
Return on Net Receivables	1,524.94%	977.71%	809.49%	1,491.72%	1,792.79%	725.70%	4,068.65%	-219.54%	-37.37%	351.11%	328.66%	331.81%	1,316.06%	468.27%	761.58%	823.58%	4,303.66%	5,690.88%	3,462.76%	0.00%	10,208.23%	1,890.12%	-523.69%	724.66%	1,180.61%	748.51%	0.00%
Inventory	0M	0M	0M	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	13,543.18%	21,533.07%	52,465.92%	46,909.47%	41,670.01%	32,768.48%	40,527.98%	-32,666.91%	-4,066.47%	71,102.25%	102,149.72%	47,093.79%	146,045.54%	58,716.17%	62,988.62%	43,203.48%	42,902.34%	34,251.48%	23,315.25%	35,310.33%	36,146.77%	14,611.04%	27,688.89%	25,225.69%	26,085.67%	21,631.25%	16,906.01%
Other Current Assets	9M	9M	9M	7M	6M	6M	3M	17M	-3M	23M	0M	17M	6M	11M	10M	7M	2M	0M	0M	7M	0M	0M	8M	0M	0M	0M	8M
Return on Other Current Assets	907.51%	675.62%	755.73%	817.06%	633.32%	926.40%	2,130.69%	-334.55%	242.28%	413.27%	0.00%	340.21%	2,586.41%	470.17%	782.47%	847.19%	3,185.08%	0.00%	0.00%	666.25%	0.00%	0.00%	410.55%	0.00%	0.00%	0.00%	148.59%
Total Current Assets	503M	531M	504M	390M	320M	529M	494M	485M	550M	596M	595M	480M	567M	418M	323M	255M	177M	115M	136M	137M	156M	69M	182M	79M	64M	59M	50M
Return on Total Current Assets	4.09%	5.35%	11.85%	18.37%	20.24%	10.56%	13.52%	-11.80%	-1.15%	15.64%	15.71%	11.97%	26.76%	12.61%	24.66%	23.85%	31.90%	45.03%	22.52%	33.75%	24.05%	26.31%	18.44%	28.15%	32.38%	29.28%	22.33%
Property, Plant & Equipment	53M	49M	39M	33M	28M	61M	67M	30M	41M	44M	54M	25M	21M	22M	23M	19M	19M	22M	20M	20M	9M	12M	14M	16M	16M	14M	10M
Return on Property, Plant & Equipment	1.14%	39.81%	190.24%	208.88%	209.53%	92.02%	100.04%	-188.64%	-15.37%	210.97%	172.99%	226.43%	716.01%	236.76%	351.18%	313.03%	291.19%	239.39%	152.01%	235.15%	394.35%	155.93%	235.65%	138.66%	132.91%	128.32%	115.49%
Goodwill	0M	0M	0M	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 Goodwill	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	0M	0M	8M	6M	4M	0M	0M	0M	0M	0M	28M	17M	12M	11M	10M	7M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Intangible Assets	0.00%	0.00%	320.64%	268.66%	201.50%	0.00%	0.00%	0.00%	0.00%	0.00%	328.66%	331.81%	1,316.06%	468.27%	761.58%	823.58%	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	508M	532M	455M	405M	349M	510M	528M	486M	474M	661M	403M	495M	338M	300M	357M	332M	315M	339M	251M	288M	253M	254M	166M	232M	0M	0M	0M
Return on Long-Term Investments	3.95%	4.93%	14.42%	14.93%	13.78%	10.95%	12.67%	-11.77%	-1.33%	14.11%	23.19%	11.61%	44.85%	17.60%	22.29%	18.27%	17.95%	15.33%	12.21%	15.99%	14.80%	7.10%	20.23%	9.58%	0.00%	0.00%	0.00%
Tax Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	8,205.74%	7,759.45%	18,239.68%	16,743.72%	26,431.35%	0.00%	44,709.72%	-20,092.51%	-1,606.69%	15,786.74%	14,651.61%	19,579.47%	58,130.44%	22,675.47%	28,562.58%	18,964.42%	16,006.47%	14,269.43%	7,794.61%	11,723.95%	13,006.38%	10,313.68%	90,227.59%	123,425.71%	40,498.00%	13,497.90%	7,392.80%
Other Non-Current Assets	6M	6M	-201M	-150M	-99M	6M	6M	6M	9M	5M	-456M	-521M	-359M	-322M	-380M	-352M	38M	26M	30M	8M	10M	5M	24M	20M	218M	214M	191M
Return on Other Non-Current Assets	375.85%	590.33%	284.05%	255.55%	241.13%	951.54%	1,158.59%	-982.57%	-66.85%	1,890.92%	-20.48%	-11.05%	-42.21%	-16.38%	-20.96%	-17.26%	150.85%	199.06%	101.32%	558.73%	363.37%	362.50%	140.53%	113.51%	9.54%	8.12%	5.86%
Other Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Assets	0.00%	0.00%	6,476.20%	5,581.76%	4,186.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13,907.09%	8,547.36%	13,745.01%	28,562.58%	18,964.42%	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	566M	587M	498M	447M	398M	576M	600M	523M	525M	711M	458M	521M	359M	322M	380M	352M	372M	387M	302M	317M	273M	271M	204M	267M	234M	227M	201M
Return on Total Non-Current Assets	3.29%	4.36%	13.28%	13.56%	12.87%	9.69%	11.13%	-10.95%	-1.20%	13.12%	20.42%	11.05%	42.21%	16.38%	20.96%	17.26%	15.19%	13.42%	10.16%	14.56%	13.71%	6.66%	16.45%	8.31%	8.90%	7.63%	5.57%
Total Assets	1,069M	1,118M	1,002M	838M	718M	1,105M	1,095M	1,008M	1,076M	1,307M	1,053M	1,001M	928M	741M	703M	607M	550M	502M	438M	453M	429M	339M	387M	346M	298M	287M	251M
Return on Total Assets	1.83%	2.41%	6.14%	7.28%	7.27%	5.05%	6.11%	-5.68%	-0.59%	7.13%	8.88%	5.74%	16.35%	7.12%	11.33%	10.01%	10.29%	10.34%	7.00%	10.17%	8.73%	5.31%	8.69%	6.41%	6.98%	6.05%	4.46%
Accounts Payable	1M	1M	1M	1M	2M	1M	1M	1M	1M	2M	1M	0M	0M	0M	0M	0M	0M	0M	0M	7M	6M	6M	11M	0M	0M	0M	0M
Return on Accounts Payable	2,577.73%	2,648.08%	10,102.30%	11,220.19%	9,535.22%	6,225.07%	7,143.48%	-5,635.36%	-591.39%	6,098.58%	12,768.71%	12,127.70%	34,707.29%	10,580.72%	17,598.18%	16,691.91%	21,482.58%	15,331.25%	13,069.32%	704.79%	637.21%	309.40%	313.23%	14,794.18%	6,347.65%	119,450.44%	13,483.00%
Short-Term Debt	8M	8M	8M	8M	7M	13M	10M	2M	9M	7M	0M	39M	0M	0M	0M	0M	0M	0M	20M	27M	15M	0M	0M	0M	3M	0M	0M
Return on Short-Term Debt	-595.42%	-112.51%	-41.37%	-5.93%	49.70%	426.77%	659.56%	-2,872.58%	-69.88%	1,293.60%	0.00%	148.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	152.65%	172.20%	254.26%	0.00%	0.00%	0.00%	828.52%	0.00%	0.00%
Tax Payables	1M	1M	2M	2M	2M	1M	1M	1M	1M	2M	5M	2M	1M	1M	0M	1M	2M	2M	1M	1M	2M	2M	2M	1M	1M	0M	0M
Return on Tax Payables	3,863.09%	3,232.59%	5,763.44%	4,979.85%	4,237.00%	5,006.45%	10,587.95%	-4,005.13%	-453.33%	5,026.98%	1,844.55%	2,409.21%	13,084.02%	7,740.97%	16,392.70%	5,626.95%	3,256.96%	2,238.75%	2,324.25%	3,616.46%	2,224.50%	1,192.33%	2,140.72%	1,992.11%	2,492.57%	4,929.84%	2,684.15%
Deferred Revenue	53M	60M	39M	26M	19M	0M	76M	83M	77M	64M	47M	40M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	6.25%	31.09%	49.90%	33.27%	24.95%	0.00%	87.88%	-69.14%	-8.24%	144.93%	200.35%	143.20%	0.00%	0.00%	0.00%	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	28M	22M	27M	26M	24M	65M	9M	11M	6M	21M	13M	15M	51M	46M	36M	31M	27M	23M	19M	17M	17M	16M	22M	18M	15M	25M	9M
Return on Other Current Liabilities	100.75%	127.32%	234.22%	227.17%	208.09%	86.32%	718.76%	-502.82%	-115.01%	449.35%	702.50%	375.23%	294.60%	114.50%	218.77%	194.02%	210.03%	225.84%	161.30%	274.12%	219.19%	115.26%	154.36%	125.78%	139.76%	68.29%	122.81%
Total Current Liabilities	100M	101M	81M	66M	55M	92M	107M	101M	103M	103M	73M	95M	53M	47M	37M	33M	29M	26M	41M	45M	34M	17M	24M	19M	19M	26M	19M
Return on Total Current Liabilities	22.23%	30.23%	95.09%	114.14%	114.86%	60.86%	62.72%	-56.89%	-6.15%	90.63%	128.30%	60.79%	285.74%	111.64%	213.28%	185.47%	195.51%	202.44%	75.43%	102.27%	111.28%	103.80%	141.90%	116.20%	111.90%	66.41%	59.15%
Long-Term Debt	0M	0M	10M	14M	10M	0M	0M	0M	0M	0M	0M	0M	35M	36M	33M	29M	26M	24M	0M	20M	0M	0M	0M	0M	0M	0M	11M
Return on Long-Term Debt	0.00%	0.00%	82.45%	112.91%	84.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	432.46%	146.90%	245.10%	206.22%	214.18%	219.20%	0.00%	229.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	105.79%
Capital Lease Obligations	28M	19M	11M	7M	6M	38M	45M	2M	3M	8M	15M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	-1,139.13%	-493.56%	-184.34%	-122.89%	-92.17%	145.85%	149.05%	-3,712.27%	-181.08%	1,130.68%	624.40%	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%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	0M	0M	1M	1M	1M	0M	0M	0M	0M	0M	1M	1M	9M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Tax Liabilities	1,862.48%	6,482.01%	8,377.43%	40,991.29%	43,558.36%	14,644.76%	13,694.34%	-22,751.66%	-2,256.87%	29,079.51%	18,534.81%	9,058.33%	1,783.82%	7,113.10%	14,874.20%	29,476.53%	132,583.73%	144,740.14%	44,918.08%	179,376.50%	194,228.67%	25,047.50%	17,444.00%	12,799.70%	6,777.91%	9,781.09%	3,115.54%
Other Non-Current Liabilities	0M	0M	0M	0M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	47M	0M	0M	0M	0M	3M	3M
Return on Other Non-Current Liabilities	0.00%	0.00%	0.00%	0.00%	4.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	79.91%	0.00%	0.00%	0.00%	0.00%	674.90%	436.18%
Total Non-Current Liabilities	21M	15M	19M	20M	17M	26M	35M	2M	4M	9M	15M	1M	35M	36M	33M	29M	26M	24M	0M	20M	47M	0M	0M	0M	0M	3M	14M
Return on Total Non-Current Liabilities	-927.79%	-372.53%	862.42%	3,627.37%	5,827.98%	218.26%	189.90%	-3,191.53%	-167.63%	1,088.37%	604.05%	9,058.33%	432.46%	146.90%	245.10%	206.22%	213.83%	218.87%	44,918.08%	229.31%	79.88%	25,047.50%	17,444.00%	12,799.70%	6,777.91%	631.33%	82.88%
Total Liabilities	120M	116M	101M	86M	72M	117M	142M	102M	107M	111M	88M	95M	97M	84M	70M	62M	55M	49M	41M	65M	81M	17M	24M	19M	19M	29M	32M
Return on Total Liabilities	12.95%	23.31%	61.57%	71.09%	79.11%	47.59%	47.15%	-55.90%	-5.93%	83.66%	105.83%	60.38%	156.92%	62.87%	113.17%	97.33%	102.13%	105.17%	75.30%	70.73%	46.50%	103.38%	140.76%	115.15%	110.08%	60.09%	34.52%
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
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%
Common Stock	209M	209M	209M	166M	134M	209M	209M	209M	209M	209M	209M	209M	209M	209M	209M	209M	48M	48M	48M	45M	45M	45M	45M	45M	0M	0M	0M
Return on Common Stock	10.42%	14.55%	28.05%	46.76%	47.32%	26.67%	31.91%	-27.32%	-3.02%	44.51%	44.63%	27.46%	72.42%	25.19%	38.04%	28.98%	118.11%	108.35%	64.00%	101.49%	82.42%	39.68%	74.02%	48.88%	0.00%	0.00%	0.00%
Retained Earnings	711M	728M	628M	457M	355M	751M	715M	668M	746M	759M	686M	611M	563M	411M	375M	311M	265M	0M	0M	0M	136M	112M	0M	0M	0M	0M	0M
Return on Retained Earnings	2.74%	3.93%	10.38%	9.65%	9.41%	7.44%	9.35%	-8.56%	-0.85%	12.29%	13.63%	9.41%	26.96%	12.84%	21.26%	19.52%	21.39%	0.00%	0.00%	0.00%	27.53%	16.06%	0.00%	0.00%	0.00%	0.00%	0.00%
Accumulated OCI	3M	40M	43M	21M	13M	3M	3M	4M	-12M	203M	49M	66M	58M	20M	33M	10M	-33M	-31M	-30M	-29M	-30M	-28M	0M	0M	0M	0M	0M
Return on Accumulated OCI	875.50%	544.94%	377.20%	252.08%	179.71%	1,770.55%	2,270.43%	-1,414.48%	52.37%	45.85%	191.52%	87.69%	261.71%	265.13%	241.22%	607.90%	-170.97%	-168.59%	-102.52%	-156.53%	-123.17%	-64.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Minority Interest	24M	25M	21M	18M	16M	24M	25M	24M	26M	24M	20M	20M	18M	17M	16M	14M	13M	13M	10M	9M	8M	9M	9M	8M	7M	6M	6M
Return on Minority Interest	83.06%	123.67%	303.16%	341.87%	337.19%	229.30%	262.81%	-242.93%	-24.45%	393.60%	457.77%	292.74%	833.71%	316.76%	512.26%	437.69%	426.04%	402.67%	302.51%	527.55%	452.74%	205.41%	379.36%	285.58%	292.66%	285.92%	203.55%
Total Shareholders’ Equity	924M	977M	879M	734M	630M	963M	927M	882M	943M	1,172M	944M	886M	813M	640M	617M	530M	481M	440M	387M	379M	340M	313M	354M	319M	272M	252M	213M
Return on Total Shareholders’ Equity	2.17%	2.76%	7.00%	8.34%	8.30%	5.80%	7.21%	-6.49%	-0.67%	7.96%	9.90%	6.49%	18.66%	8.24%	12.90%	11.45%	11.76%	11.80%	7.92%	12.16%	11.01%	5.76%	9.50%	6.96%	7.65%	6.90%	5.25%
Total Equity	949M	1,002M	900M	752M	646M	988M	953M	905M	969M	1,195M	964M	906M	831M	657M	633M	544M	494M	453M	397M	388M	348M	322M	363M	327M	279M	258M	219M
Return on Total Equity	2.12%	2.70%	6.84%	8.14%	8.10%	5.65%	7.01%	-6.32%	-0.65%	7.80%	9.69%	6.35%	18.25%	8.03%	12.59%	11.15%	11.44%	11.47%	7.72%	11.88%	10.75%	5.60%	9.27%	6.79%	7.46%	6.73%	5.12%
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
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%
Total Investments	749M	780M	628M	529M	456M	874M	688M	686M	693M	958M	752M	554M	378M	315M	386M	351M	353M	365M	281M	297M	263M	259M	190M	251M	218M	214M	191M
Return on Total Investments	2.58%	3.31%	11.68%	12.72%	12.41%	6.39%	9.71%	-8.34%	-0.91%	9.73%	12.44%	10.37%	40.09%	16.74%	20.63%	17.30%	16.04%	14.23%	10.90%	15.54%	14.22%	6.96%	17.69%	8.84%	9.54%	8.12%	5.86%
Net Debt	-217M	-242M	-240M	-194M	-167M	-118M	-276M	-256M	-302M	-257M	-196M	-127M	-353M	-309M	-208M	-184M	-110M	-63M	-84M	-74M	-82M	-61M	-156M	-56M	-62M	-57M	-32M
Return on Net Debt	-16.36%	-16.66%	-27.46%	-35.97%	-35.46%	-47.28%	-24.19%	22.38%	2.10%	-36.33%	-47.75%	-45.22%	-42.99%	-17.09%	-38.24%	-32.98%	-51.33%	-82.04%	-36.69%	-61.91%	-45.80%	-29.41%	-21.62%	-39.54%	-33.34%	-30.52%	-35.05%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Net Income	22M	30M	59M	56M	48M	56M	67M	-57M	-6M	93M	93M	58M	152M	53M	80M	61M	57M	52M	31M	46M	37M	18M	34M	22M	21M	17M	11M
Working Capital	403M	430M	423M	325M	266M	437M	388M	384M	447M	493M	522M	386M	514M	371M	286M	222M	148M	90M	95M	92M	122M	51M	159M	60M	46M	33M	31M
Return on Working Capital	5.04%	6.52%	13.71%	22.86%	25.64%	12.78%	17.24%	-14.89%	-1.42%	18.90%	17.91%	14.91%	29.53%	14.22%	27.88%	27.36%	38.12%	57.91%	32.10%	50.36%	30.68%	35.25%	21.19%	37.16%	45.57%	52.39%	35.88%
Total Capital	953M	1,000M	907M	762M	655M	1,002M	972M	885M	956M	1,187M	966M	925M	848M	676M	650M	560M	508M	463M	407M	426M	402M	313M	354M	319M	275M	252M	224M
Return on Total Capital	2.00%	2.64%	6.70%	7.90%	7.88%	5.58%	6.87%	-6.46%	-0.66%	7.85%	9.68%	6.22%	17.88%	7.80%	12.26%	10.84%	11.15%	11.20%	7.53%	10.82%	9.32%	5.76%	9.50%	6.96%	7.58%	6.90%	5.00%
Capital Employed	969M	1,017M	921M	772M	663M	1,013M	988M	907M	973M	1,204M	980M	907M	875M	693M	666M	574M	521M	476M	397M	408M	395M	322M	363M	327M	280M	260M	232M
Return on Capital Employed	1.99%	2.61%	6.59%	7.81%	7.79%	5.51%	6.76%	-6.31%	-0.65%	7.74%	9.54%	6.34%	17.34%	7.61%	11.96%	10.58%	10.86%	10.90%	7.72%	11.30%	9.47%	5.60%	9.26%	6.79%	7.45%	6.66%	4.82%
Invested Capital	652M	702M	622M	528M	455M	677M	651M	626M	641M	915M	748M	759M	460M	331M	409M	346M	371M	377M	304M	305M	258M	252M	199M	263M	212M	195M	181M
Return on Invested Capital	3.12%	3.71%	10.70%	11.92%	11.78%	8.24%	10.26%	-9.14%	-0.99%	10.19%	12.49%	7.57%	32.96%	15.92%	19.47%	17.53%	15.25%	13.79%	10.10%	15.12%	14.50%	7.16%	16.94%	8.44%	9.81%	8.91%	6.18%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Net Income	22M	30M	59M	56M	48M	135M	-67M	56M	67M	-57M	-6M	93M	93M	58M	152M	53M	80M	61M	57M	52M	31M	46M	37M	18M	34M	22M	21M	17M	11M
Depreciation & Amortization	12M	12M	9M	7M	6M	20M	21M	15M	12M	10M	11M	12M	13M	5M	5M	5M	4M	3M	3M	2M	2M	3M	2M	3M	3M	3M	2M	3M	2M
Return on Depreciation & Amortization	114.99%	209.29%	923.80%	1,261.49%	1,193.00%	676.06%	-317.15%	379.57%	565.45%	-600.05%	-55.14%	756.64%	700.71%	1,083.04%	3,001.75%	1,139.41%	2,266.62%	2,216.34%	2,138.76%	2,194.70%	1,387.12%	1,747.37%	1,566.02%	563.57%	1,069.44%	857.63%	881.01%	664.69%	509.46%
Deferred Income Tax	0M	0M	0M	0M	0M	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 Income Tax	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	2M	5M	3M	3M	2M	23M	-1M	-20M	23M	1M	1M	18M	7M	-1M	-4M	-1M	0M	0M	3M	4M	3M	2M	1M	-3M	1M	1M	0M	-1M	-2M
Return on Change in Working Capital	-1,474.42%	-885.87%	23,365.16%	17,226.39%	16,468.70%	575.29%	7,135.68%	-279.68%	287.21%	-4,430.79%	-527.87%	521.76%	1,335.88%	-8,631.89%	-3,597.82%	-10,359.06%	259,333.89%	18,503.68%	1,774.48%	1,247.26%	959.63%	2,259.15%	5,032.70%	-671.23%	4,227.14%	1,718.34%	60,671.16%	-1,711.63%	-698.83%
Accounts Receivable	-2M	-1M	-1M	-1M	-1M	-2M	-1M	-4M	2M	-3M	3M	-1M	0M	-1M	-4M	-1M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	1,354.25%	-932.85%	41,006.63%	28,012.17%	21,009.13%	-5,909.15%	7,489.48%	-1,377.56%	3,779.43%	1,660.88%	-247.59%	-8,479.40%	-39,896.11%	-8,875.04%	-3,609.81%	-9,663.90%	476,775.38%	18,030.32%	-7,914.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	0M	0M	0M	0M	0M	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	-22,531.08%	-55,455.80%	-65,672.49%	-327,391.86%	-31,384.99%	2,840,227.03%	151,055.98%	-1,010,488.37%	649,967.50%	292,927.63%	25,782.72%	-235,468.51%	305,590.76%	-315,064.08%	-1,082,612.84%	144,009.12%	568,631.19%	-704,797.01%	287,698.04%	-258,862.18%	-3,407,357.14%	-170,834.76%	189,183.77%	-935,106.67%	-100,638.46%	-269,993.75%	5,399,733.33%	-124,980.56%	102,629.41%
Accounts Payable	1M	-2M	0M	0M	0M	0M	0M	2M	2M	-1M	-14M	1M	1M	0M	2M	2M	1M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	3,488.12%	3,488.99%	6,422.93%	4,809.56%	3,607.17%	0.00%	0.00%	3,015.34%	2,721.38%	4,727.65%	45.79%	6,934.82%	13,359.77%	16,239.24%	9,176.11%	2,407.19%	5,602.02%	0.00%	7,914.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	2M	7M	4M	3M	3M	26M	0M	-18M	19M	6M	12M	18M	7M	0M	-2M	-2M	-1M	0M	4M	4M	3M	2M	1M	-3M	1M	1M	0M	-1M	-2M
Return on Other Working Capital	-307.46%	-89.05%	-3,243.20%	-1,769.66%	2,253.92%	524.35%	0.00%	-314.45%	351.10%	-959.03%	-50.68%	527.83%	1,437.79%	-16,239.24%	-9,176.11%	-2,407.19%	-5,602.02%	0.00%	1,456.82%	1,241.28%	959.36%	2,229.66%	5,170.24%	-671.71%	4,056.74%	1,707.47%	61,360.61%	-1,735.39%	-694.10%
Other Non-Cash Items	49M	55M	0M	-17M	-19M	-49M	283M	-59M	52M	154M	111M	16M	35M	-55M	-142M	-41M	-70M	-52M	-58M	-57M	-34M	-50M	-40M	-20M	-37M	-23M	-17M	-14M	-6M
Return on Other Non-Cash Items	-1.12%	116.77%	39.73%	-6.06%	-29.34%	-274.93%	-23.54%	-94.18%	128.01%	-37.19%	-5.69%	592.91%	267.25%	-105.37%	-106.55%	-128.77%	-113.15%	-115.82%	-97.04%	-91.40%	-90.81%	-93.13%	-93.23%	-91.24%	-90.86%	-96.55%	-123.93%	-124.28%	-188.96%
Net Cash from Operating Activities	77M	98M	68M	48M	38M	129M	195M	8M	116M	107M	118M	139M	149M	8M	10M	16M	13M	11M	10M	10M	6M	5M	3M	2M	5M	7M	6M	5M	6M
Return on Net Cash from Operating Activities	226.52%	148.24%	401.00%	473.50%	515.16%	104.38%	-34.09%	675.25%	57.56%	-53.25%	-5.39%	67.00%	62.82%	759.11%	1,492.94%	331.66%	622.25%	534.41%	541.09%	521.35%	480.94%	1,014.77%	1,105.00%	810.04%	645.37%	315.86%	324.39%	347.99%	190.84%
Capital Expenditures (PPE)	-2M	-3M	-5M	-6M	-5M	-4M	-5M	-2M	-3M	-1M	-3M	-3M	-13M	-10M	-5M	-4M	-7M	-3M	0M	-16M	-3M	-15M	0M	-1M	-3M	-2M	-4M	-1M	-1M
Return on Capital Expenditures (PPE)	-51.40%	-720.62%	-1,015.39%	-1,890.98%	-2,509.95%	-3,631.00%	1,412.66%	-2,579.92%	-2,001.98%	4,427.70%	187.66%	-3,636.58%	-742.19%	-598.27%	-2,836.59%	-1,204.48%	-1,169.25%	-2,218.11%	-14,176.43%	-319.13%	-1,184.34%	-312.73%	-17,007.76%	-1,932.04%	-1,328.76%	-1,060.55%	-505.23%	-1,392.83%	-2,077.02%
Acquisitions (Net)	0M	0M	0M	8M	1M	0M	0M	0M	0M	0M	0M	0M	0M	2M	0M	2M	0M	5M	60M	1M	47M	-1M	14M	-131M	8M	5M	0M	0M	0M
Return on Acquisitions (Net)	22,451.75%	68,876.24%	80,183.18%	53,547.19%	40,215.97%	199,408.73%	-24,802.39%	0.00%	98,666.79%	-31,311.53%	-7,383.06%	284,409.02%	266,412.45%	3,577.70%	167,382.70%	2,998.44%	17,079.31%	1,212.70%	94.19%	7,179.11%	65.10%	-7,175.06%	271.74%	-13.76%	424.00%	429.57%	0.00%	9,946.87%	39,118.83%
Purchases of Investments	-133M	-194M	-160M	-116M	-96M	-78M	-339M	-82M	-146M	-171M	-334M	-236M	-129M	-355M	-53M	-28M	-70M	-22M	-12M	-23M	-53M	-29M	-26M	-39M	-49M	-54M	0M	-3M	-5M
Return on Purchases of Investments	-26.80%	-23.59%	-79.69%	-133.66%	-115.30%	-173.58%	19.63%	-68.10%	-45.85%	33.56%	1.90%	-39.46%	-72.31%	-16.18%	-287.86%	-189.51%	-113.14%	-274.36%	-485.62%	-230.38%	-58.17%	-159.45%	-145.67%	-45.98%	-68.44%	-40.88%	0.00%	-533.56%	-210.92%
Sales / Maturities of Investments	64M	136M	84M	61M	55M	42M	272M	33M	115M	44M	305M	183M	77M	39M	3M	22M	17M	17M	0M	42M	13M	6M	22M	68M	75M	20M	7M	1M	3M
Return on Sales / Maturities of Investments	32.29%	29.15%	694.80%	2,455.44%	1,873.98%	318.72%	-24.48%	167.49%	58.17%	-128.79%	-2.07%	50.95%	121.55%	148.77%	5,831.14%	241.04%	459.72%	354.58%	28,380.27%	123.43%	240.16%	785.14%	166.51%	26.32%	45.03%	111.88%	298.32%	2,557.39%	336.46%
Other Investing Activities	35M	61M	74M	61M	53M	-16M	0M	96M	11M	0M	88M	110M	0M	118M	110M	118M	94M	92M	10M	37M	-6M	45M	17M	22M	76M	8M	9M	9M	2M
Return on Other Investing Activities	226.60%	151.46%	107.38%	97.54%	116.29%	-833.99%	-17,990.35%	58.43%	621.38%	0.00%	-7.16%	84.65%	0.00%	48.57%	138.22%	44.83%	84.90%	66.00%	586.90%	141.83%	-507.68%	102.24%	220.70%	81.10%	44.20%	274.72%	241.91%	203.96%	564.77%
Net Cash from Investing Activities	-35M	1M	-7M	8M	8M	-55M	-71M	45M	-23M	-127M	57M	54M	-65M	-206M	54M	109M	34M	84M	58M	41M	-1M	7M	27M	-80M	107M	-23M	11M	5M	-1M
Return on Net Cash from Investing Activities	-38.62%	8.91%	43.15%	-43.50%	-21.00%	-244.34%	93.41%	124.81%	-285.67%	44.98%	-11.15%	171.56%	-143.98%	-27.85%	278.89%	48.36%	231.56%	72.06%	97.79%	127.92%	-2,073.32%	691.53%	137.11%	-22.41%	31.42%	-95.26%	181.60%	356.86%	-2,201.24%
Net Debt Issuance	-6M	-5M	-3M	-6M	-1M	-12M	-3M	-13M	-4M	-3M	-3M	-4M	0M	0M	0M	0M	0M	0M	0M	-20M	-27M	-15M	62M	0M	0M	0M	0M	0M	0M
Return on Net Debt Issuance	-101.83%	-529.80%	-264.90%	-222.14%	-2,780.05%	-1,172.87%	2,457.42%	-445.56%	-1,789.50%	1,929.58%	249.96%	-2,593.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-258.45%	-111.50%	-313.09%	60.80%	0.00%	-12,232.82%	0.00%	-40,097.03%	0.00%	0.00%
Long-Term Debt Issuance	-6M	-5M	-3M	-4M	0M	-12M	-3M	-13M	-4M	-3M	-3M	-4M	0M	0M	0M	0M	0M	0M	0M	0M	-27M	-15M	62M	0M	0M	0M	0M	0M	0M
Return on Long-Term Debt Issuance	-101.83%	-529.80%	-264.90%	-205.11%	-2,767.28%	-1,172.87%	2,457.42%	-445.56%	-1,789.50%	1,929.58%	249.96%	-2,593.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-114.49%	-313.09%	60.80%	0.00%	-12,232.82%	0.00%	-40,097.03%	0.00%	0.00%
Short-Term Debt Issuance	0M	0M	0M	-1M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-20M	-1M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	0.00%	0.00%	0.00%	-301.89%	-226.42%	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%	-258.45%	-4,269.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	0M	0M	0M	0M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	6M	0M	0M	0M	0M	24M	0M	0M	0M
Return on Net Stock Issuance	0.00%	0.00%	0.00%	33.23%	29.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	498.51%	0.00%	0.00%	0.00%	0.00%	90.66%	0.00%	0.00%	0.00%
Common Stock Issuance	0M	0M	0M	0M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	6M	0M	0M	0M	0M	24M	0M	0M	0M
Return on Common Stock Issuance	0.00%	0.00%	0.00%	33.23%	29.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	498.51%	0.00%	0.00%	0.00%	0.00%	90.66%	0.00%	0.00%	0.00%
Common Stock Repurchased	0M	0M	0M	0M	0M	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 Common Stock Repurchased	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
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%
Net Dividends Paid	-20M	-20M	-19M	-17M	-16M	-40M	-40M	-23M	-17M	-20M	-20M	-20M	-19M	-19M	-17M	-17M	-16M	-14M	-14M	-14M	-14M	-16M	-14M	-14M	-13M	-14M	-12M	-8M	-7M
Return on Net Dividends Paid	-116.02%	-156.23%	-330.87%	-332.40%	-299.51%	-335.80%	165.40%	-244.13%	-387.92%	284.00%	31.42%	-464.51%	-486.03%	-310.67%	-914.18%	-317.50%	-499.24%	-422.33%	-393.70%	-361.00%	-213.32%	-286.92%	-274.75%	-132.22%	-267.62%	-154.25%	-175.41%	-218.54%	-158.96%
Common Dividends Paid	-20M	-20M	-19M	-17M	-16M	-40M	-40M	-23M	-17M	-20M	-20M	-20M	-19M	-19M	-17M	-17M	-16M	-14M	-14M	-14M	-14M	-16M	-14M	-14M	-11M	-13M	-11M	-6M	-7M
Return on Common Dividends Paid	-116.02%	-156.23%	-330.87%	-332.40%	-303.54%	-335.80%	165.40%	-244.13%	-387.92%	284.00%	31.42%	-464.51%	-486.03%	-310.67%	-914.18%	-317.50%	-499.24%	-422.33%	-393.70%	-361.00%	-213.32%	-286.92%	-274.75%	-132.22%	-303.47%	-176.79%	-197.48%	-302.22%	-158.96%
Preferred Dividends Paid	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-2M	-1M	-2M	0M
Return on Preferred Dividends Paid	0.00%	0.00%	0.00%	0.00%	-138.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,210.06%	-1,569.69%	-789.35%	0.00%
Other Financing Activities	-12M	-10M	-8M	-6M	-5M	-35M	-17M	-15M	-10M	-12M	-7M	-5M	-13M	-5M	-5M	-5M	-4M	-4M	-4M	-3M	-2M	-3M	-3M	-2M	-1M	0M	0M	13M	5M
Return on Other Financing Activities	-200.57%	-443.55%	-1,066.91%	-1,261.52%	-2,289.97%	-389.65%	382.58%	-382.44%	-679.82%	460.55%	94.17%	-1,710.24%	-740.68%	-1,216.07%	-3,338.18%	-1,125.60%	-2,030.83%	-1,391.57%	-1,329.52%	-1,928.58%	-1,948.65%	-1,655.30%	-1,250.18%	-743.64%	-2,265.45%	-22,617.28%	0.00%	136.44%	206.61%
Net Cash from Financing Activities	-39M	-35M	-29M	-29M	-21M	-86M	-60M	-50M	-31M	-36M	-29M	-29M	-32M	-23M	-21M	-21M	-20M	-19M	-19M	-37M	-37M	-34M	45M	-16M	-13M	10M	-12M	4M	-2M
Return on Net Cash from Financing Activities	-55.89%	-93.27%	-237.33%	-224.02%	-179.93%	-156.32%	110.29%	-111.66%	-217.03%	161.01%	21.53%	-320.19%	-293.46%	-247.45%	-717.65%	-247.64%	-400.73%	-324.00%	-303.75%	-139.71%	-82.21%	-137.30%	83.28%	-112.26%	-261.89%	222.09%	-169.57%	393.74%	-689.33%
Effect of FX on Cash	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Effect of FX on Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 Change in Cash	3M	21M	11M	13M	14M	-12M	64M	3M	62M	-55M	42M	54M	52M	-222M	43M	104M	27M	77M	50M	13M	-32M	-22M	76M	-94M	99M	-6M	6M	14M	4M
Return on Net Change in Cash	690.13%	445.48%	307.30%	223.54%	171.76%	-1,099.39%	-104.55%	1,858.95%	107.95%	103.50%	-14.90%	171.90%	179.71%	-25.89%	349.40%	50.87%	291.53%	78.98%	113.87%	387.94%	-94.64%	-206.11%	49.49%	-19.12%	33.83%	-353.54%	371.45%	121.72%	299.86%
Cash at Beginning of Period	298M	277M	274M	218M	183M	1,258M	1,116M	321M	259M	315M	272M	218M	166M	388M	345M	241M	213M	137M	87M	74M	106M	128M	53M	156M	56M	62M	57M	43M	39M
Return on Cash at Beginning of Period	8.33%	13.09%	23.99%	32.32%	34.98%	10.74%	-5.97%	17.39%	25.78%	-18.20%	-2.33%	42.80%	56.38%	14.82%	44.03%	21.91%	37.32%	44.42%	65.07%	70.55%	28.93%	35.93%	71.10%	11.59%	59.88%	35.56%	36.63%	40.73%	28.86%
Cash at End of Period	302M	298M	285M	231M	196M	1,246M	1,180M	324M	321M	259M	315M	272M	218M	166M	388M	345M	241M	213M	137M	87M	74M	106M	128M	61M	156M	56M	62M	57M	43M
Return on Cash at End of Period	5.32%	9.64%	21.33%	28.54%	29.06%	10.84%	-5.64%	17.23%	20.81%	-22.08%	-2.01%	34.26%	42.92%	34.68%	39.10%	15.31%	33.08%	28.43%	41.41%	59.70%	41.67%	43.52%	29.18%	29.41%	21.62%	39.54%	33.34%	30.52%	26.33%
Operating Cash Flow	77M	98M	68M	48M	38M	102M	195M	8M	116M	107M	118M	139M	149M	8M	10M	16M	13M	11M	10M	10M	6M	5M	3M	2M	5M	7M	6M	5M	6M
Return on Operating Cash Flow	226.52%	148.24%	401.00%	473.50%	515.16%	131.91%	-34.09%	675.25%	57.56%	-53.25%	-5.39%	67.00%	62.82%	759.11%	1,492.94%	331.66%	622.25%	534.41%	541.09%	521.35%	480.94%	1,014.77%	1,105.00%	810.04%	645.37%	315.86%	324.39%	347.99%	190.84%
Capital Expenditure	-2M	-3M	-5M	-6M	-5M	-5M	-5M	-2M	-3M	-1M	-3M	-3M	-13M	-10M	-5M	-4M	-7M	-3M	0M	-16M	-3M	-15M	0M	-1M	-3M	-2M	-4M	-1M	-1M
Return on Capital Expenditure	-51.40%	-720.62%	-1,015.39%	-1,890.98%	-2,509.95%	-2,487.53%	1,412.66%	-2,579.92%	-2,001.98%	4,427.70%	187.66%	-3,636.58%	-742.19%	-598.27%	-2,836.59%	-1,204.48%	-1,169.25%	-2,218.11%	-14,176.43%	-319.13%	-1,184.34%	-312.73%	-17,007.76%	-1,932.04%	-1,328.76%	-1,060.55%	-505.23%	-1,392.83%	-2,077.02%
Free Cash Flow	75M	95M	63M	43M	33M	97M	191M	6M	113M	106M	114M	137M	136M	-2M	5M	12M	6M	9M	10M	-6M	4M	-10M	3M	1M	3M	5M	2M	4M	5M
Return on Free Cash Flow	306.67%	196.55%	316.74%	264.60%	457.83%	139.29%	-34.93%	914.64%	59.27%	-53.90%	-5.54%	68.26%	68.63%	-2,823.55%	3,151.75%	457.68%	1,330.12%	704.04%	562.56%	-822.76%	809.76%	-452.04%	1,181.78%	1,394.85%	1,254.84%	449.84%	906.30%	463.89%	210.15%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Net Income	15M	26M	57M	56M	49M	135M	-67M	73M	29M	-57M	-6M	93M	93M	58M	152M	53M	80M	61M	63M	60M	35M	49M	40M	21M	38M	26M	21M	17M	11M
EBITDA	28M	19M	23M	18M	17M	175M	-120M	88M	62M	-65M	-51M	60M	43M	-15M	96M	-8M	23M	10M	8M	10M	-5M	13M	12M	2M	27M	14M	14M	13M	24M
Return on EBITDA	72.53%	76.91%	2.74%	113.61%	172.68%	77.13%	55.31%	82.51%	46.81%	88.27%	12.33%	154.65%	216.85%	-389.70%	158.54%	-685.43%	342.55%	579.08%	801.49%	582.85%	-674.13%	387.51%	339.28%	928.89%	140.74%	188.00%	152.47%	130.46%	47.61%
(-) Tax Adjustment	3M	-5M	-1M	0M	0M	12M	-9M	7M	7M	-4M	-36M	3M	7M	1M	6M	0M	1M	0M	0M	1M	0M	0M	0M	0M	1M	1M	1M	2M	4M
Return on (-) Tax Adjustment	946.38%	1,308.33%	1,579.98%	4,676.82%	5,442.74%	1,127.37%	718.19%	1,016.88%	392.99%	1,429.25%	17.80%	3,684.74%	1,430.17%	5,513.19%	2,372.47%	-12,704.00%	12,646.30%	13,974.24%	29,306.91%	11,386.47%	-16,456.78%	16,141.61%	13,605.66%	17,120.63%	2,584.45%	3,323.71%	2,068.16%	774.33%	296.49%
(-) Change In Working Capital	2M	5M	3M	3M	2M	23M	-1M	-20M	23M	1M	1M	18M	7M	-1M	-4M	-1M	0M	0M	3M	4M	3M	2M	1M	-3M	1M	1M	0M	-1M	-2M
Return on (-) Change In Working Capital	-1,557.24%	-935.57%	23,340.32%	17,255.57%	16,548.67%	575.29%	7,135.68%	-364.71%	123.77%	-4,430.79%	-527.87%	521.76%	1,335.88%	-8,631.89%	-3,597.82%	-10,359.06%	259,333.89%	18,503.68%	1,973.62%	1,446.99%	1,087.07%	2,419.02%	5,432.39%	-799.45%	4,812.34%	2,023.33%	60,671.16%	-1,711.63%	-698.83%
(-) Capital Expenditure	-2M	-3M	-5M	-6M	-5M	-5M	-5M	-2M	-3M	-1M	-3M	-3M	-13M	-10M	-5M	-4M	-7M	-3M	0M	-16M	-3M	-15M	0M	-1M	-3M	-2M	-4M	-1M	-1M
Return on (-) Capital Expenditure	66.90%	-649.64%	-979.90%	-1,988.74%	-2,687.87%	-2,487.53%	1,412.66%	-3,364.24%	-862.77%	4,427.70%	187.66%	-3,636.58%	-742.19%	-598.27%	-2,836.59%	-1,204.48%	-1,169.25%	-2,218.11%	-15,767.31%	-370.24%	-1,341.63%	-334.86%	-18,358.49%	-2,301.12%	-1,512.72%	-1,248.79%	-505.23%	-1,392.83%	-2,077.02%
Unlevered Free Cash Flow	21M	16M	17M	10M	10M	134M	-115M	99M	28M	-63M	-20M	37M	17M	-25M	88M	-11M	16M	7M	4M	-11M	-11M	-4M	11M	4M	22M	10M	8M	11M	21M
Return on Unlevered Free Cash Flow	89.41%	109.83%	107.11%	97.92%	153.90%	100.62%	57.96%	73.64%	104.36%	90.24%	31.14%	249.79%	550.55%	-232.39%	172.07%	-473.05%	504.78%	869.24%	1,554.13%	-566.84%	-323.85%	-1,135.01%	379.45%	545.13%	170.96%	268.59%	245.14%	160.26%	53.81%
(-) Net Interest Income After Taxes	-1M	-1M	-1M	0M	0M	-4M	0M	-2M	-2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	-1M	-1M	1M	0M	0M	0M	0M	-6M
Return on (-) Net Interest Income After Taxes	8,912.60%	2,203.45%	-1,406,157.34%	-392,038.25%	-294,744.29%	-3,082.13%	0.00%	-3,261.79%	-1,574.44%	31,574.03%	5,933.19%	-21,653.73%	-18,841.57%	1,607,134.26%	-8,430,336.46%	-7,230,546.88%	0.00%	8,210,470.29%	192,850.75%	-212,830.50%	-5,439.89%	-4,050.95%	-5,940.75%	3,246.55%	10,942.70%	-17,794.14%	-4,766.56%	-9,356.14%	-175.87%
Net Debt Issuance	-6M	-5M	-3M	-6M	-1M	-12M	-3M	-13M	-4M	-3M	-3M	-4M	0M	0M	0M	0M	0M	0M	0M	-20M	-27M	-15M	62M	0M	0M	0M	0M	0M	0M
Return on Net Debt Issuance	192.45%	-353.23%	-176.62%	-168.50%	-2,824.26%	-1,172.87%	2,457.42%	-581.02%	-771.19%	1,929.58%	249.96%	-2,593.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-299.83%	-126.31%	-335.25%	65.63%	0.00%	-13,926.32%	0.00%	-40,097.03%	0.00%	0.00%
Levered Free Cash Flow	16M	12M	14M	5M	9M	127M	-118M	89M	26M	-66M	-23M	34M	17M	-25M	88M	-11M	16M	7M	4M	-31M	-38M	-18M	73M	3M	22M	10M	9M	11M	27M
Return on Levered Free Cash Flow	93.58%	116.30%	108.78%	197.25%	217.21%	106.27%	56.62%	82.20%	112.10%	86.45%	27.82%	272.92%	534.92%	-232.36%	172.07%	-473.08%	504.78%	869.33%	1,566.76%	-196.28%	-92.41%	-276.47%	55.43%	655.13%	175.86%	264.60%	234.51%	157.56%	41.20%