AGCO Corporation (AGCO)

Category: Company Returns Sector: Industrials Industry: Agricultural - Machinery Live Price: $111.35

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	545M	592M	398M	421M	353M	289M	257M	375M	170M	-425M	1,171M	890M	897M	427M	125M	286M	186M	160M	266M	410M	597M	522M	583M	221M	136M	386M	246M	-65M	32M	159M	74M	-84M	23M	4M	-12M	61M	169M	126M	129M
Revenue	12,909M	11,803M	10,059M	9,782M	8,975M	7,843M	6,970M	10,049M	12,575M	11,662M	14,412M	12,651M	11,138M	9,150M	9,041M	9,352M	8,307M	7,411M	7,467M	9,724M	10,787M	9,962M	8,773M	6,897M	6,630M	8,425M	6,828M	5,435M	5,450M	5,273M	3,495M	2,923M	2,542M	2,336M	2,413M	2,941M	3,224M	2,318M	2,125M
Return on Revenue	3.84%	4.85%	3.66%	4.10%	3.56%	2.98%	3.09%	3.73%	1.35%	-3.64%	8.13%	7.03%	8.05%	4.67%	1.38%	3.05%	2.24%	2.16%	3.57%	4.22%	5.54%	5.24%	6.65%	3.20%	2.05%	4.58%	3.61%	-1.19%	0.58%	3.01%	2.13%	-2.89%	0.89%	0.15%	-0.48%	2.06%	5.23%	5.43%	6.08%
Cost of Revenue	9,729M	8,995M	7,800M	7,647M	7,103M	6,233M	5,543M	7,570M	9,432M	8,817M	10,675M	9,696M	8,630M	7,158M	7,118M	7,418M	6,598M	5,947M	5,947M	7,697M	8,443M	7,888M	7,024M	5,653M	5,558M	6,944M	5,659M	4,524M	4,654M	4,440M	2,879M	2,391M	2,107M	1,960M	2,057M	2,404M	2,558M	1,847M	1,592M
Return on Cost of Revenue	5.11%	6.34%	4.73%	5.23%	4.51%	3.76%	3.92%	4.96%	1.80%	-4.82%	10.97%	9.17%	10.39%	5.97%	1.76%	3.85%	2.82%	2.69%	4.48%	5.33%	7.07%	6.62%	8.30%	3.90%	2.44%	5.56%	4.35%	-1.43%	0.68%	3.58%	2.58%	-3.53%	1.07%	0.18%	-0.56%	2.52%	6.60%	6.82%	8.11%
Gross Profit	3,179M	2,808M	2,259M	2,135M	1,873M	1,610M	1,427M	2,479M	3,143M	2,845M	3,738M	2,955M	2,508M	1,992M	1,923M	1,934M	1,708M	1,463M	1,521M	2,027M	2,344M	2,074M	1,749M	1,243M	1,073M	1,481M	1,169M	911M	795M	833M	616M	532M	435M	377M	356M	537M	667M	470M	533M
Return on Gross Profit	15.50%	20.74%	16.44%	19.09%	17.15%	14.57%	14.96%	15.14%	5.41%	-14.93%	31.34%	30.10%	35.76%	21.44%	6.51%	14.76%	10.91%	10.94%	17.52%	20.25%	25.48%	25.17%	33.35%	17.73%	12.65%	26.06%	21.07%	-7.12%	3.97%	19.05%	12.07%	-15.87%	5.20%	0.93%	-3.23%	11.28%	25.30%	26.77%	24.23%
R&D Expenses	495M	447M	383M	356M	300M	240M	200M	460M	541M	493M	549M	444M	406M	343M	343M	355M	323M	296M	282M	337M	353M	317M	276M	220M	192M	195M	155M	128M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on R&D Expenses	109.18%	134.65%	99.63%	117.58%	107.06%	85.64%	71.37%	81.62%	31.42%	-86.17%	213.45%	200.27%	221.04%	124.66%	36.46%	80.38%	57.69%	54.07%	94.40%	121.78%	168.99%	164.65%	211.65%	100.41%	70.71%	198.41%	159.01%	-50.74%	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	1,340M	1,225M	1,091M	1,040M	932M	820M	730M	1,316M	1,496M	1,375M	1,455M	1,190M	1,089M	1,016M	1,046M	1,062M	957M	868M	852M	995M	1,089M	1,041M	869M	692M	630M	721M	626M	542M	521M	510M	403M	384M	307M	274M	274M	327M	330M	243M	228M
Return on SG&A Expenses	41.47%	49.77%	35.69%	40.14%	35.53%	29.87%	30.69%	28.51%	11.36%	-30.90%	80.54%	74.79%	82.39%	42.04%	11.97%	26.88%	19.48%	18.45%	31.26%	41.23%	54.85%	50.14%	67.10%	31.86%	21.54%	53.53%	39.36%	-11.98%	6.07%	31.15%	18.46%	-22.00%	7.37%	1.28%	-4.19%	18.54%	51.20%	51.75%	56.65%
Operating Expenses	1,835M	1,672M	1,474M	1,396M	1,232M	1,063M	936M	1,799M	2,037M	1,868M	2,003M	1,634M	1,495M	1,359M	1,390M	1,417M	1,280M	1,164M	1,135M	1,332M	1,442M	1,358M	1,145M	912M	822M	915M	781M	670M	521M	510M	405M	385M	325M	311M	299M	367M	330M	243M	263M
Return on Operating Expenses	30.06%	36.33%	26.26%	29.89%	26.75%	22.83%	24.51%	20.86%	8.34%	-22.75%	58.47%	54.45%	60.02%	31.44%	9.01%	20.15%	14.56%	13.75%	23.48%	30.80%	41.41%	38.44%	50.95%	24.19%	16.51%	42.16%	31.55%	-9.69%	6.07%	31.15%	18.36%	-21.92%	6.95%	1.13%	-3.85%	16.52%	51.20%	51.75%	49.01%
Operating Income (EBIT)	1,344M	1,136M	784M	739M	641M	543M	488M	680M	1,107M	977M	1,734M	1,322M	1,014M	633M	534M	517M	428M	299M	386M	694M	901M	716M	604M	332M	251M	565M	388M	241M	275M	324M	184M	104M	97M	66M	58M	171M	337M	227M	269M
Return on Operating Income (EBIT)	30.46%	49.47%	49.21%	56.90%	51.20%	42.44%	41.00%	55.21%	15.35%	-43.47%	67.54%	67.31%	88.49%	67.46%	23.46%	55.21%	43.57%	53.49%	69.02%	59.11%	66.25%	72.96%	96.57%	66.48%	54.15%	68.28%	63.41%	-26.90%	11.50%	49.07%	40.54%	-81.15%	23.37%	5.32%	-19.93%	35.54%	50.01%	55.46%	47.92%
Interest Income	55M	38M	25M	24M	24M	20M	16M	0M	7M	66M	64M	33M	19M	10M	9M	8M	9M	13M	19M	14M	21M	20M	29M	31M	22M	34M	26M	16M	16M	15M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Income	1,293.21%	2,598.12%	2,253.33%	2,252.37%	1,812.48%	1,491.50%	1,242.92%	0.00%	2,359.72%	-640.72%	1,824.61%	2,695.76%	4,796.79%	4,314.14%	1,406.74%	3,524.69%	1,982.98%	1,203.76%	1,424.60%	3,040.00%	2,871.15%	2,597.51%	2,025.35%	718.24%	605.80%	1,128.36%	932.95%	-400.62%	197.50%	1,037.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	92M	65M	59M	63M	64M	60M	50M	80M	65M	160M	69M	46M	25M	25M	29M	56M	52M	63M	64M	72M	79M	78M	57M	64M	66M	67M	51M	71M	96M	92M	60M	57M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Expense	1,123.68%	1,723.56%	1,059.52%	931.27%	758.89%	613.08%	510.90%	470.89%	260.58%	-265.50%	1,702.62%	1,933.91%	3,531.50%	1,715.26%	434.72%	513.49%	357.77%	252.52%	418.87%	570.79%	757.87%	671.94%	1,028.75%	344.53%	206.54%	572.55%	487.72%	-90.90%	32.92%	172.05%	124.00%	-147.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	-37M	-27M	-34M	-38M	-40M	-40M	-33M	-80M	-58M	-94M	-5M	-13M	-7M	-15M	-20M	-48M	-43M	-50M	-45M	-58M	-58M	-58M	-28M	-33M	-43M	-33M	-24M	-55M	-80M	-77M	-60M	-57M	0M	0M	0M	0M	0M	0M	0M
Return on Net Interest Income	-10,618.31%	-9,618.07%	-5,066.99%	-3,737.44%	-2,924.06%	-2,346.58%	-1,955.48%	-470.89%	-292.93%	453.36%	-25,465.22%	-6,843.08%	-13,388.06%	-2,847.33%	-629.15%	-601.05%	-436.53%	-319.56%	-593.32%	-702.74%	-1,029.66%	-906.42%	-2,090.68%	-662.16%	-313.39%	-1,162.35%	-1,021.99%	117.57%	-39.50%	-206.23%	-124.00%	147.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	653M	402M	277M	215M	194M	180M	164M	626M	951M	1,458M	337M	163M	11M	41M	250M	170M	148M	97M	94M	161M	109M	119M	22M	40M	102M	48M	55M	288M	172M	176M	145M	136M	82M	80M	90M	96M	92M	55M	74M
Return on Unusual Items	287.67%	2,091.57%	1,124.94%	1,046.06%	853.76%	687.45%	594.05%	59.93%	17.86%	-29.13%	347.39%	544.76%	8,542.86%	1,051.97%	50.10%	167.94%	126.29%	165.05%	282.20%	255.22%	549.91%	439.11%	2,651.36%	545.79%	133.43%	805.64%	449.45%	-22.54%	18.37%	90.12%	51.24%	-62.24%	27.56%	4.39%	-12.79%	62.99%	184.17%	227.26%	173.52%
EBT Excluding Unusual Items	76M	359M	264M	348M	293M	223M	194M	-493M	-738M	-1,845M	1,065M	1,008M	999M	567M	54M	225M	175M	155M	242M	431M	742M	535M	588M	284M	91M	503M	303M	-279M	11M	48M	-47M	-110M	-67M	-94M	-122M	-22M	154M	116M	121M
Return on EBT Excluding Unusual Items	73.77%	77.28%	106.61%	101.07%	107.13%	94.12%	80.35%	-76.14%	-23.03%	23.02%	110.04%	88.25%	89.75%	75.34%	233.15%	127.11%	106.33%	103.02%	110.04%	95.20%	80.46%	97.52%	99.22%	77.59%	149.94%	76.78%	81.31%	23.24%	295.33%	329.46%	-158.64%	76.87%	-33.58%	-3.74%	9.42%	-276.71%	109.47%	108.35%	107.05%
Pre-Tax Income	729M	761M	541M	563M	487M	403M	358M	133M	214M	-387M	1,402M	1,171M	1,010M	608M	304M	395M	323M	252M	337M	592M	851M	654M	610M	325M	192M	551M	358M	9M	183M	224M	98M	26M	15M	-14M	-32M	74M	246M	172M	195M
Return on Pre-Tax Income	89.74%	85.67%	74.23%	75.01%	29.87%	21.81%	29.03%	281.55%	79.58%	109.71%	83.57%	75.95%	88.82%	70.30%	41.24%	72.35%	57.73%	63.43%	79.17%	69.34%	70.19%	79.80%	95.64%	67.93%	70.60%	70.10%	68.86%	-754.65%	17.30%	70.77%	75.69%	-327.13%	153.74%	-25.18%	35.71%	81.56%	68.66%	73.37%	66.21%
Income Tax Expense	208M	184M	151M	148M	139M	120M	108M	-179M	47M	98M	230M	297M	108M	188M	181M	111M	134M	92M	73M	188M	259M	138M	25M	104M	57M	165M	111M	74M	151M	86M	41M	100M	2M	-8M	-10M	28M	88M	60M	66M
Return on Income Tax Expense	125.55%	286.34%	243.90%	389.97%	323.90%	316.05%	294.43%	-209.78%	365.38%	-431.71%	508.42%	299.93%	827.49%	227.54%	69.25%	257.44%	139.52%	173.64%	367.45%	218.65%	231.03%	378.61%	2,371.14%	211.21%	240.18%	234.45%	221.10%	-88.30%	20.91%	184.22%	180.15%	-84.57%	1,189.47%	-46.05%	112.75%	220.36%	192.80%	209.83%	195.90%
Depreciation and Amortization	297M	289M	282M	261M	228M	197M	175M	330M	320M	332M	290M	270M	282M	272M	272M	290M	280M	275M	260M	280M	259M	230M	174M	154M	148M	147M	134M	116M	106M	100M	66M	52M	70M	70M	77M	80M	72M	54M	36M
Return on Depreciation and Amortization	202.06%	216.30%	145.34%	169.08%	152.48%	127.88%	136.38%	113.83%	53.08%	-127.87%	404.07%	329.97%	318.31%	157.02%	46.03%	98.48%	66.62%	58.30%	102.42%	146.36%	230.22%	227.10%	336.20%	142.90%	91.94%	263.41%	184.49%	-56.19%	29.84%	158.64%	112.90%	-161.38%	32.10%	5.02%	-14.97%	76.04%	234.31%	235.33%	363.66%
EBITDA	1,058M	1,057M	831M	836M	734M	635M	576M	511M	544M	59M	1,692M	1,423M	1,252M	859M	562M	706M	616M	543M	603M	891M	1,141M	908M	791M	493M	367M	726M	511M	168M	362M	417M	277M	199M	181M	136M	142M	275M	409M	281M	305M
Return on EBITDA	-197.72%	-94.35%	-30.51%	-2.05%	3.88%	4.61%	8.58%	73.50%	31.23%	-724.91%	69.22%	62.52%	71.67%	49.73%	22.28%	40.45%	30.27%	29.49%	44.17%	46.05%	52.35%	57.47%	73.72%	44.71%	36.97%	53.18%	48.17%	-38.70%	8.73%	38.10%	26.86%	-42.41%	12.46%	2.58%	-8.10%	22.00%	41.22%	44.88%	42.34%
NOPAT	1,221M	1,001M	634M	587M	394M	320M	289M	1,592M	866M	1,226M	1,449M	987M	905M	437M	216M	372M	251M	190M	303M	474M	628M	565M	580M	225M	177M	396M	267M	-1,821M	48M	199M	106M	-298M	84M	30M	39M	107M	217M	148M	178M
Return on NOPAT	45.43%	66.61%	71.44%	79.15%	76.17%	69.60%	66.75%	23.57%	19.63%	-34.66%	80.83%	90.14%	99.13%	97.63%	58.01%	76.79%	74.32%	84.28%	87.97%	86.56%	95.17%	92.44%	100.63%	97.99%	76.70%	97.40%	92.10%	3.56%	66.51%	79.68%	69.92%	28.29%	26.84%	11.74%	-29.17%	56.43%	77.68%	85.28%	72.38%
Owner's Earnings	409M	513M	387M	387M	317M	263M	225M	432M	50M	-486M	941M	771M	909M	429M	124M	372M	262M	234M	315M	389M	465M	412M	456M	208M	68M	281M	243M	-72M	26M	194M	62M	-87M	54M	6M	21M	19M	-121M	134M	119M
Return on Owner's Earnings	109.08%	105.09%	92.74%	101.48%	108.66%	103.15%	97.02%	86.94%	337.77%	87.43%	124.43%	115.40%	98.68%	99.51%	101.13%	76.73%	71.06%	68.51%	84.54%	105.42%	128.49%	126.88%	127.80%	106.16%	199.56%	137.28%	101.32%	90.01%	122.96%	81.98%	120.78%	97.01%	42.09%	63.64%	-54.50%	324.06%	-139.88%	93.82%	108.21%

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	545M	592M	398M	421M	353M	289M	257M	-425M	1,171M	890M	897M	427M	125M	286M	186M	160M	266M	410M	597M	522M	583M	221M	136M	386M	246M	-65M	32M	159M	74M	-84M	23M	4M	-12M	61M	169M	126M	129M
Cash & Cash Equivalents	665M	798M	597M	640M	599M	501M	422M	612M	595M	788M	882M	1,112M	430M	326M	368M	430M	427M	364M	1,047M	781M	724M	720M	651M	512M	582M	401M	221M	326M	147M	34M	29M	13M	20M	16M	31M	42M	28M
Return on Cash & Cash Equivalents	80.14%	76.10%	64.76%	66.36%	56.60%	43.60%	90.59%	-69.41%	196.87%	112.97%	101.68%	38.42%	29.14%	87.55%	50.69%	37.26%	62.43%	112.84%	57.03%	66.82%	80.52%	30.63%	20.83%	75.34%	42.29%	-16.18%	14.32%	48.77%	50.61%	-246.06%	78.20%	26.32%	-58.67%	381.13%	540.71%	301.92%	462.72%
Short-Term Investments	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	665M	798M	597M	640M	599M	501M	422M	612M	595M	788M	882M	1,112M	430M	326M	368M	430M	427M	364M	1,047M	781M	724M	720M	651M	512M	582M	401M	221M	326M	147M	34M	29M	13M	20M	16M	31M	42M	28M
Return on Cash & Short-Term Investments	80.14%	76.10%	64.76%	66.36%	56.60%	43.60%	90.59%	-69.41%	196.87%	112.97%	101.68%	38.42%	29.14%	87.55%	50.69%	37.26%	62.43%	112.84%	57.03%	66.82%	80.52%	30.63%	20.83%	75.34%	42.29%	-16.18%	14.32%	48.77%	50.61%	-246.06%	78.20%	26.32%	-58.67%	381.13%	540.71%	301.92%	462.72%
Net Receivables	1,365M	1,188M	1,037M	1,005M	936M	867M	876M	1,267M	1,605M	1,221M	992M	856M	801M	880M	1,019M	890M	837M	964M	941M	925M	971M	909M	725M	816M	766M	677M	656M	823M	554M	497M	472M	603M	758M	1,016M	997M	870M	975M
Return on Net Receivables	37.43%	50.53%	36.88%	41.05%	35.46%	29.21%	25.98%	-33.52%	72.97%	72.84%	90.47%	49.89%	15.64%	32.43%	18.29%	17.98%	31.84%	42.58%	63.49%	56.47%	60.10%	24.27%	18.71%	47.31%	32.14%	-9.58%	4.82%	19.29%	13.44%	-16.97%	4.79%	0.58%	-1.52%	5.96%	16.92%	14.48%	13.24%
Inventory	3,121M	2,786M	2,273M	2,066M	1,840M	1,619M	1,439M	2,731M	3,441M	3,190M	2,594M	1,974M	2,079M	1,909M	1,873M	1,515M	1,423M	1,751M	2,016M	1,703M	1,560M	1,234M	1,157M	1,390M	1,134M	1,065M	1,063M	1,069M	804M	709M	559M	531M	561M	672M	623M	474M	361M
Return on Inventory	15.46%	20.52%	16.28%	20.12%	18.00%	15.07%	15.77%	-15.55%	34.05%	27.89%	34.58%	21.63%	6.02%	14.96%	9.95%	10.57%	18.72%	23.44%	29.62%	30.66%	37.40%	17.88%	11.73%	27.76%	21.72%	-6.09%	2.97%	14.85%	9.26%	-11.91%	4.04%	0.66%	-2.05%	9.02%	27.09%	26.57%	35.76%
Other Current Assets	589M	548M	449M	430M	375M	330M	288M	527M	700M	541M	547M	426M	420M	422M	368M	331M	211M	233M	513M	546M	408M	259M	215M	288M	239M	166M	147M	186M	180M	172M	123M	93M	77M	87M	64M	82M	60M
Return on Other Current Assets	83.78%	103.12%	83.81%	96.97%	86.87%	73.48%	84.17%	-80.56%	167.39%	164.50%	164.08%	100.19%	29.79%	67.61%	50.69%	48.40%	126.02%	176.52%	116.37%	95.68%	142.86%	85.10%	63.06%	134.23%	103.18%	-39.12%	21.44%	85.24%	41.26%	-49.10%	18.39%	3.76%	-14.90%	69.90%	264.84%	154.48%	213.74%
Total Current Assets	5,739M	5,320M	4,356M	4,142M	3,750M	3,317M	3,024M	5,138M	6,341M	5,739M	5,014M	4,368M	3,729M	3,537M	3,628M	3,166M	2,898M	3,311M	4,517M	3,955M	3,663M	3,121M	2,749M	3,005M	2,722M	2,309M	2,086M	2,405M	1,685M	1,412M	1,183M	1,240M	1,416M	1,791M	1,715M	1,467M	1,425M
Return on Total Current Assets	8.57%	10.67%	8.42%	9.73%	8.58%	7.15%	6.96%	-8.27%	18.47%	15.50%	17.89%	9.78%	3.36%	8.07%	5.14%	5.06%	9.19%	12.40%	13.22%	13.20%	15.92%	7.07%	4.94%	12.84%	9.05%	-2.81%	1.51%	6.60%	4.42%	-5.98%	1.91%	0.28%	-0.81%	3.38%	9.84%	8.59%	9.06%
Property, Plant & Equipment	1,947M	1,826M	1,630M	1,533M	1,335M	1,148M	1,009M	1,988M	2,097M	1,755M	1,619M	1,674M	1,604M	1,373M	1,485M	1,361M	1,347M	1,530M	1,602M	1,406M	1,223M	925M	943M	811M	753M	644M	561M	593M	434M	344M	317M	316M	311M	418M	404M	292M	147M
Return on Property, Plant & Equipment	28.39%	33.22%	23.88%	27.44%	25.09%	21.17%	23.77%	-21.37%	55.86%	50.69%	55.41%	25.52%	7.81%	20.79%	12.55%	11.76%	19.78%	26.82%	37.27%	37.13%	47.71%	23.84%	14.39%	47.58%	32.71%	-10.08%	5.63%	26.77%	17.13%	-24.56%	7.13%	1.11%	-3.70%	14.51%	41.79%	43.06%	88.12%
Goodwill	1,488M	1,410M	1,388M	1,285M	1,122M	927M	773M	1,820M	1,333M	1,311M	1,281M	1,307M	1,298M	1,496M	1,541M	1,376M	1,115M	1,193M	1,179M	1,192M	1,195M	633M	634M	587M	666M	592M	697M	731M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	44.13%	47.02%	31.15%	34.93%	32.09%	26.54%	22.12%	-23.34%	87.85%	67.87%	70.03%	32.69%	9.64%	19.09%	12.09%	11.63%	23.90%	34.41%	50.67%	43.79%	48.83%	34.85%	21.40%	65.74%	37.00%	-10.96%	4.54%	21.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	467M	450M	509M	510M	431M	415M	390M	729M	309M	364M	392M	456M	502M	573M	649M	607M	508M	554M	566M	607M	667M	172M	167M	177M	206M	208M	212M	238M	418M	395M	413M	286M	313M	371M	339M	206M	104M
Return on Intangible Assets	188.40%	177.53%	107.00%	103.44%	97.73%	80.98%	75.73%	-58.28%	379.34%	244.13%	228.71%	93.74%	24.96%	49.82%	28.72%	26.36%	52.47%	74.11%	105.59%	86.00%	87.52%	128.50%	81.35%	218.15%	119.74%	-31.22%	14.94%	66.67%	17.81%	-21.39%	5.47%	1.22%	-3.68%	16.36%	49.76%	61.24%	123.90%
Long-Term Investments	490M	465M	432M	420M	361M	288M	240M	520M	513M	437M	414M	443M	380M	400M	409M	415M	393M	424M	416M	390M	346M	398M	354M	275M	285M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Investments	116.78%	132.75%	92.00%	101.19%	89.15%	71.32%	59.44%	-81.76%	228.48%	203.62%	216.93%	96.48%	32.93%	71.38%	45.57%	38.59%	67.80%	96.77%	143.52%	133.77%	168.44%	55.40%	38.34%	140.28%	86.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	424M	304M	203M	160M	139M	123M	103M	561M	482M	229M	169M	78M	94M	105M	112M	100M	101M	216M	24M	40M	38M	58M	70M	30M	89M	106M	84M	146M	148M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	185.61%	327.41%	263.39%	567.22%	512.27%	416.18%	346.81%	-75.72%	243.23%	389.32%	529.83%	550.39%	133.48%	272.16%	166.13%	160.58%	264.55%	190.09%	2,447.54%	1,305.25%	1,551.33%	380.17%	193.86%	1,290.64%	276.43%	-61.52%	37.57%	108.69%	50.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	350M	305M	225M	194M	182M	188M	197M	435M	347M	269M	293M	180M	153M	142M	147M	143M	137M	141M	135M	131M	127M	131M	116M	70M	68M	256M	221M	185M	155M	199M	261M	261M	234M	172M	163M	152M	488M
Return on Other Non-Current Assets	190.41%	222.92%	183.07%	239.43%	230.74%	188.65%	165.30%	-97.61%	337.77%	331.08%	305.83%	237.54%	81.83%	200.49%	126.72%	111.88%	195.16%	290.86%	443.68%	397.94%	459.65%	168.58%	117.29%	554.45%	362.74%	-25.34%	14.28%	86.02%	47.88%	-42.52%	8.68%	1.34%	-4.92%	35.27%	103.24%	82.83%	26.47%
Other Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	5,166M	4,760M	4,387M	4,102M	3,569M	3,088M	2,711M	6,053M	5,080M	4,364M	4,168M	4,136M	4,031M	4,089M	4,344M	4,003M	3,599M	4,058M	3,922M	3,767M	3,594M	2,316M	2,250M	1,950M	2,066M	1,806M	1,775M	1,893M	1,155M	937M	991M	864M	857M	960M	906M	650M	738M
Return on Total Non-Current Assets	12.14%	13.65%	9.41%	10.60%	9.75%	8.14%	8.80%	-7.02%	23.06%	20.38%	21.52%	10.33%	3.11%	6.98%	4.29%	4.00%	7.40%	10.11%	15.23%	13.86%	16.23%	9.52%	6.03%	19.79%	11.92%	-3.59%	1.78%	8.39%	6.44%	-9.01%	2.28%	0.41%	-1.34%	6.31%	18.62%	19.37%	17.48%
Total Assets	10,905M	10,080M	8,743M	8,243M	7,318M	6,405M	5,735M	11,191M	11,421M	10,104M	9,182M	8,504M	7,760M	7,626M	7,972M	7,168M	6,498M	7,369M	8,439M	7,722M	7,257M	5,437M	4,999M	4,955M	4,788M	4,115M	3,861M	4,297M	2,839M	2,349M	2,173M	2,104M	2,273M	2,750M	2,621M	2,117M	2,163M
Return on Total Assets	5.09%	6.01%	4.41%	5.04%	4.52%	3.78%	3.82%	-3.80%	10.26%	8.80%	9.77%	5.02%	1.61%	3.74%	2.34%	2.23%	4.10%	5.57%	7.08%	6.76%	8.04%	4.06%	2.71%	7.79%	5.14%	-1.58%	0.82%	3.70%	2.62%	-3.59%	1.04%	0.17%	-0.51%	2.20%	6.44%	5.95%	5.97%
Accounts Payable	1,135M	1,068M	939M	902M	865M	765M	690M	813M	1,207M	1,385M	1,078M	855M	915M	866M	918M	723M	626M	670M	960M	888M	937M	683M	622M	1,027M	827M	707M	591M	602M	393M	312M	272M	244M	244M	287M	350M	362M	331M
Return on Accounts Payable	36.33%	48.43%	37.38%	43.37%	36.80%	30.56%	30.08%	-52.25%	97.03%	64.22%	83.19%	49.95%	13.69%	32.97%	20.32%	22.16%	42.58%	61.24%	62.19%	58.78%	62.25%	32.30%	21.83%	37.57%	29.78%	-9.18%	5.35%	26.38%	18.92%	-27.05%	8.30%	1.43%	-4.71%	21.11%	48.19%	34.83%	39.06%
Short-Term Debt	209M	216M	193M	195M	187M	150M	137M	415M	15M	196M	93M	360M	153M	211M	95M	85M	306M	94M	312M	251M	60M	275M	193M	0M	403M	208M	6M	7M	0M	0M	0M	0M	0M	0M	0M	0M	361M
Return on Short-Term Debt	2,720.30%	1,849.04%	993.22%	787.84%	19,915.97%	16,024.83%	13,355.22%	-102.31%	7,809.33%	453.88%	965.55%	118.74%	81.62%	135.57%	195.39%	187.47%	87.00%	435.21%	191.59%	207.84%	970.55%	80.18%	70.27%	385,900.00%	61.16%	-31.26%	501.59%	2,301.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	35.72%
Tax Payables	329M	304M	216M	174M	130M	104M	87M	240M	401M	345M	283M	250M	170M	138M	135M	114M	87M	108M	167M	169M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	124.20%	172.25%	172.58%	184.65%	138.49%	110.79%	92.33%	-177.37%	291.97%	258.00%	317.52%	171.11%	73.52%	207.18%	137.67%	141.06%	305.15%	378.60%	356.96%	308.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	2,413M	2,228M	1,823M	1,618M	1,415M	1,233M	1,093M	2,358M	2,720M	2,162M	2,001M	1,898M	1,646M	1,552M	1,502M	1,223M	1,166M	1,344M	1,373M	1,156M	1,208M	955M	854M	951M	854M	709M	663M	750M	536M	473M	371M	392M	408M	474M	480M	355M	247M
Return on Other Current Liabilities	22.07%	26.71%	20.79%	26.56%	23.97%	20.14%	21.21%	-18.01%	43.06%	41.15%	44.83%	22.50%	7.61%	18.39%	12.41%	13.09%	22.84%	30.54%	43.51%	45.16%	48.27%	23.08%	15.89%	40.57%	28.86%	-9.15%	4.76%	21.17%	13.88%	-17.84%	6.10%	0.89%	-2.82%	12.80%	35.12%	35.51%	52.25%
Total Current Liabilities	4,086M	3,815M	3,171M	2,888M	2,597M	2,251M	2,006M	3,826M	4,344M	4,088M	3,455M	3,363M	2,885M	2,767M	2,651M	2,145M	2,185M	2,217M	2,812M	2,465M	2,206M	1,913M	1,669M	1,979M	2,083M	1,624M	1,260M	1,359M	929M	785M	643M	636M	652M	761M	831M	716M	939M
Return on Total Current Liabilities	12.54%	15.26%	11.76%	14.44%	12.73%	10.70%	10.85%	-11.10%	26.97%	21.76%	25.97%	12.70%	4.34%	10.32%	7.03%	7.46%	12.19%	18.51%	21.24%	21.18%	26.45%	11.53%	8.13%	19.50%	11.82%	-4.00%	2.51%	11.69%	8.01%	-10.75%	3.52%	0.55%	-1.76%	7.97%	20.31%	17.58%	13.75%
Long-Term Debt	1,754M	1,634M	1,494M	1,318M	1,128M	1,050M	991M	2,361M	1,512M	1,390M	1,527M	1,383M	1,340M	1,275M	1,618M	1,610M	925M	998M	939M	1,036M	1,410M	443M	454M	625M	294M	577M	842M	1,152M	711M	637M	618M	570M	692M	924M	727M	567M	569M
Return on Long-Term Debt	41.16%	42.63%	29.51%	36.10%	35.47%	28.99%	26.59%	-17.99%	77.49%	63.99%	58.75%	30.89%	9.34%	22.39%	11.52%	9.94%	28.79%	41.14%	63.63%	50.42%	41.38%	49.77%	29.89%	61.74%	83.75%	-11.24%	3.75%	13.79%	10.46%	-13.25%	3.66%	0.61%	-1.66%	6.56%	23.19%	22.20%	22.69%
Capital Lease Obligations	129M	126M	78M	52M	39M	31M	26M	128M	134M	125M	116M	126M	149M	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	415.94%	472.73%	244.79%	163.19%	122.40%	97.92%	81.60%	-333.18%	871.58%	709.41%	776.62%	339.24%	84.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	120M	118M	114M	143M	127M	101M	84M	125M	123M	112M	117M	112M	107M	116M	131M	112M	86M	212M	251M	243M	192M	104M	119M	108M	164M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Tax Liabilities	469.97%	511.44%	351.33%	311.71%	264.87%	211.90%	176.58%	-339.84%	955.46%	794.29%	767.32%	379.98%	117.01%	245.49%	142.84%	142.44%	308.33%	193.86%	237.74%	215.12%	303.33%	212.22%	114.32%	356.98%	150.55%	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	751M	704M	588M	530M	475M	424M	366M	836M	787M	631M	640M	628M	521M	475M	477M	464M	417M	446M	392M	497M	419M	318M	363M	223M	204M	420M	343M	364M	293M	210M	113M	108M	100M	84M	71M	59M	66M
Return on Other Non-Current Liabilities	79.70%	89.44%	66.88%	81.79%	77.59%	64.15%	77.03%	-50.82%	148.92%	141.00%	140.13%	67.97%	24.04%	60.16%	39.06%	34.51%	63.82%	92.08%	152.23%	105.01%	139.38%	69.36%	37.39%	172.89%	120.97%	-15.46%	9.21%	43.60%	25.38%	-40.29%	19.93%	3.25%	-11.47%	72.57%	236.27%	214.48%	195.31%
Total Non-Current Liabilities	2,625M	2,457M	2,196M	1,990M	1,730M	1,575M	1,441M	3,322M	2,421M	2,133M	2,284M	2,123M	1,968M	1,866M	2,226M	2,186M	1,429M	1,655M	1,582M	1,776M	2,021M	865M	936M	956M	661M	997M	1,185M	1,516M	1,004M	846M	731M	678M	792M	1,008M	799M	626M	635M
Return on Total Non-Current Liabilities	25.77%	27.34%	19.27%	22.60%	21.36%	17.55%	16.83%	-12.79%	48.39%	41.70%	39.28%	20.11%	6.36%	15.30%	8.37%	7.32%	18.64%	24.80%	37.75%	29.41%	28.87%	25.50%	14.50%	40.35%	37.24%	-6.51%	2.67%	10.48%	7.41%	-9.97%	3.09%	0.52%	-1.45%	6.01%	21.12%	20.12%	20.33%
Total Liabilities	6,711M	6,272M	5,367M	4,878M	4,326M	3,826M	3,447M	7,148M	6,764M	6,221M	5,738M	5,486M	4,853M	4,633M	4,876M	4,331M	3,614M	3,872M	4,394M	4,240M	4,226M	2,778M	2,605M	2,935M	2,745M	2,621M	2,445M	2,875M	1,933M	1,631M	1,374M	1,314M	1,444M	1,768M	1,629M	1,342M	1,574M
Return on Total Liabilities	8.56%	9.82%	7.27%	8.73%	7.86%	6.53%	6.46%	-5.94%	17.32%	14.30%	15.63%	7.78%	2.58%	6.16%	3.82%	3.70%	7.37%	10.60%	13.59%	12.31%	13.80%	7.94%	5.21%	13.15%	8.97%	-2.48%	1.29%	5.52%	3.85%	-5.17%	1.64%	0.27%	-0.80%	3.43%	10.35%	9.38%	8.20%
Preferred Stock	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	0M
Return on Common Stock	77,914.29%	83,054.64%	54,322.32%	52,238.88%	43,260.27%	35,416.47%	31,423.17%	-60,685.71%	167,342.86%	127,085.71%	128,142.86%	53,387.50%	15,650.00%	35,687.50%	23,300.00%	20,012.50%	33,300.00%	45,600.00%	59,720.00%	52,210.00%	58,330.00%	24,500.00%	15,077.78%	42,877.78%	27,366.67%	-7,211.11%	3,511.11%	17,644.44%	9,300.00%	-10,550.00%	3,228.57%	583.33%	-1,916.67%	10,100.00%	28,116.67%	20,983.33%	0.00%
Retained Earnings	5,887M	5,520M	4,889M	4,197M	3,424M	2,870M	2,476M	5,645M	6,360M	5,655M	5,182M	4,759M	4,444M	4,477M	4,254M	4,114M	3,996M	3,772M	3,402M	2,844M	2,322M	1,738M	1,518M	1,382M	1,020M	774M	825M	794M	635M	561M	645M	623M	622M	636M	578M	411M	288M
Return on Retained Earnings	8.88%	10.58%	7.70%	10.78%	10.90%	9.55%	11.71%	-7.53%	18.42%	15.73%	17.31%	8.97%	2.82%	6.38%	4.38%	3.89%	6.67%	10.88%	17.55%	18.36%	25.12%	12.68%	8.94%	27.92%	24.14%	-8.38%	3.83%	20.01%	11.72%	-15.06%	3.50%	0.56%	-1.85%	9.53%	29.21%	30.60%	44.87%
Accumulated OCI	-1,805M	-1,799M	-1,641M	-1,256M	-994M	-861M	-733M	-1,903M	-1,708M	-1,803M	-1,771M	-1,811M	-1,595M	-1,555M	-1,362M	-1,442M	-1,460M	-907M	-511M	-479M	-401M	-132M	-187M	-436M	79M	-190M	-305M	-266M	-320M	-431M	-378M	-261M	-221M	-82M	-102M	3M	-44M
Return on Accumulated OCI	-31.86%	-33.97%	-23.91%	-54.85%	-32.41%	-28.76%	126.26%	22.32%	-68.58%	-49.34%	-50.65%	-23.59%	-7.85%	-18.36%	-13.69%	-11.11%	-18.24%	-45.27%	-116.94%	-108.91%	-145.61%	-166.92%	-72.41%	-88.49%	311.77%	34.10%	-10.36%	-59.81%	-23.25%	19.56%	-5.98%	-1.34%	5.20%	-74.26%	-166.04%	5,036.00%	-294.08%
Minority Interest	100M	73M	65M	54M	41M	33M	27M	300M	0M	0M	28M	38M	53M	61M	66M	61M	45M	48M	35M	33M	36M	1M	8M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	538,686.15%	324,079.49%	162,224.17%	110,371.08%	83,206.10%	66,564.88%	55,470.73%	-141.55%	1,171,400.00%	444,800.00%	3,215.05%	1,123.95%	235.34%	471.12%	283.71%	262.03%	592.00%	847.93%	1,726.01%	1,567.87%	1,620.28%	27,562.50%	1,785.53%	6,770.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	4,094M	3,736M	3,311M	3,312M	2,952M	2,547M	2,261M	3,743M	4,657M	3,882M	3,416M	2,980M	2,854M	2,933M	3,030M	2,776M	2,838M	3,449M	4,010M	3,457M	2,995M	2,658M	2,393M	2,014M	2,043M	1,494M	1,416M	1,422M	906M	718M	799M	790M	829M	982M	992M	775M	589M
Return on Total Shareholders’ Equity	12.24%	15.46%	11.27%	12.16%	10.86%	9.12%	9.60%	-11.35%	25.16%	22.91%	26.26%	14.33%	4.39%	9.73%	6.15%	5.77%	9.39%	11.90%	14.89%	15.10%	19.47%	8.29%	5.67%	19.16%	12.06%	-4.35%	2.23%	11.16%	8.21%	-11.76%	2.83%	0.44%	-1.39%	6.17%	17.01%	16.25%	21.92%
Total Equity	4,194M	3,809M	3,376M	3,366M	2,993M	2,580M	2,289M	4,043M	4,657M	3,883M	3,444M	3,018M	2,907M	2,994M	3,095M	2,837M	2,883M	3,497M	4,045M	3,491M	3,031M	2,659M	2,401M	2,020M	2,043M	1,494M	1,416M	1,422M	906M	718M	799M	790M	829M	982M	992M	775M	589M
Return on Total Equity	12.52%	15.55%	11.25%	12.10%	10.81%	9.08%	9.57%	-10.51%	25.15%	22.91%	26.05%	14.15%	4.31%	9.54%	6.02%	5.64%	9.24%	11.74%	14.76%	14.96%	19.24%	8.29%	5.65%	19.10%	12.06%	-4.35%	2.23%	11.16%	8.21%	-11.76%	2.83%	0.44%	-1.39%	6.17%	17.01%	16.25%	21.92%
Total Liabilities & Equity	10,905M	10,080M	8,743M	8,243M	7,318M	6,405M	5,735M	11,191M	11,421M	10,104M	9,182M	8,504M	7,760M	7,626M	7,972M	7,168M	6,498M	7,369M	8,439M	7,722M	7,257M	5,437M	4,999M	4,955M	4,788M	4,115M	3,861M	4,297M	2,839M	2,349M	2,173M	2,104M	2,273M	2,750M	2,621M	2,117M	2,163M
Return on Total Liabilities & Equity	5.09%	6.01%	4.41%	5.04%	4.52%	3.78%	3.82%	-3.80%	10.26%	8.80%	9.77%	5.02%	1.61%	3.74%	2.34%	2.23%	4.10%	5.57%	7.08%	6.76%	8.04%	4.06%	2.71%	7.79%	5.14%	-1.58%	0.82%	3.70%	2.62%	-3.59%	1.04%	0.17%	-0.51%	2.20%	6.44%	5.95%	5.97%
Total Investments	490M	465M	432M	420M	361M	288M	240M	520M	513M	437M	414M	443M	380M	400M	409M	415M	393M	424M	416M	390M	346M	398M	354M	275M	285M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Investments	116.78%	132.75%	92.00%	101.19%	89.15%	71.32%	59.44%	-81.76%	228.48%	203.62%	216.93%	96.48%	32.93%	71.38%	45.57%	38.59%	67.80%	96.77%	143.52%	133.77%	168.44%	55.40%	38.34%	140.28%	86.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	1,298M	1,052M	1,090M	872M	716M	699M	706M	2,164M	932M	799M	737M	631M	1,064M	1,160M	1,346M	1,266M	805M	728M	203M	506M	745M	-2M	-4M	113M	114M	384M	628M	833M	564M	603M	589M	557M	672M	908M	696M	525M	902M
Return on Net Debt	72.50%	81.37%	50.29%	-704.69%	-659.05%	-526.33%	-436.36%	-19.63%	125.74%	111.38%	121.64%	67.73%	11.76%	24.62%	13.85%	12.65%	33.11%	56.36%	294.19%	103.28%	78.25%	-11,605.26%	-3,155.81%	341.81%	215.30%	-16.91%	5.04%	19.06%	13.19%	-14.01%	3.84%	0.63%	-1.71%	6.67%	24.23%	23.96%	14.31%

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	545M	592M	398M	421M	353M	289M	257M	-425M	1,171M	890M	897M	427M	125M	286M	186M	160M	266M	410M	597M	522M	583M	221M	136M	386M	246M	-65M	32M	159M	74M	-84M	23M	4M	-12M	61M	169M	126M	129M
Working Capital	1,654M	1,505M	1,185M	1,254M	1,153M	1,065M	1,018M	1,312M	1,997M	1,651M	1,560M	1,006M	845M	771M	977M	1,021M	713M	1,094M	1,705M	1,490M	1,457M	1,208M	1,080M	1,027M	638M	685M	826M	1,046M	755M	627M	540M	604M	764M	1,030M	884M	751M	486M
Return on Working Capital	26.72%	36.03%	30.41%	31.33%	27.65%	22.78%	21.21%	-32.38%	58.65%	53.87%	57.52%	42.47%	14.82%	37.04%	19.08%	15.68%	37.37%	37.52%	35.02%	35.04%	40.03%	18.25%	12.57%	37.59%	38.58%	-9.47%	3.83%	15.19%	9.85%	-13.46%	4.19%	0.58%	-1.51%	5.88%	19.08%	16.78%	26.59%
Total Capital	6,057M	5,586M	4,998M	4,824M	4,266M	3,746M	3,389M	6,519M	6,183M	5,469M	5,036M	4,722M	4,348M	4,419M	4,743M	4,472M	4,070M	4,540M	5,260M	4,744M	4,465M	3,376M	3,040M	2,639M	2,740M	2,279M	2,264M	2,581M	1,617M	1,355M	1,417M	1,360M	1,521M	1,906M	1,719M	1,342M	1,519M
Return on Total Capital	9.57%	11.11%	7.90%	8.66%	7.83%	6.52%	6.44%	-6.52%	18.94%	16.27%	17.81%	9.04%	2.88%	6.46%	3.93%	3.58%	6.55%	9.04%	11.35%	11.01%	13.06%	6.53%	4.46%	14.62%	8.99%	-2.85%	1.40%	6.15%	4.60%	-6.23%	1.59%	0.26%	-0.76%	3.18%	9.81%	9.38%	8.50%
Capital Employed	6,819M	6,265M	5,572M	5,355M	4,722M	4,154M	3,729M	7,365M	7,078M	6,016M	5,728M	5,141M	4,875M	4,860M	5,321M	5,024M	4,312M	5,152M	5,627M	5,257M	5,052M	3,524M	3,330M	2,976M	2,704M	2,491M	2,601M	2,938M	1,910M	1,564M	1,531M	1,468M	1,621M	1,990M	1,790M	1,401M	1,224M
Return on Capital Employed	8.52%	9.91%	7.08%	7.81%	7.10%	5.90%	5.96%	-5.77%	16.55%	14.79%	15.66%	8.31%	2.57%	5.87%	3.50%	3.19%	6.18%	7.97%	10.61%	9.93%	11.55%	6.26%	4.08%	12.97%	9.11%	-2.61%	1.22%	5.40%	3.89%	-5.40%	1.48%	0.24%	-0.71%	3.05%	9.42%	8.99%	10.55%
Invested Capital	5,392M	4,788M	4,401M	4,184M	3,668M	3,245M	2,967M	5,907M	5,588M	4,681M	4,153M	3,611M	3,918M	4,093M	4,375M	4,042M	3,643M	4,177M	4,213M	3,963M	3,741M	2,657M	2,389M	2,127M	2,157M	1,878M	2,044M	2,255M	1,470M	1,320M	1,388M	1,347M	1,501M	1,890M	1,688M	1,300M	1,491M
Return on Invested Capital	10.92%	13.24%	9.19%	10.20%	9.32%	7.76%	7.49%	-7.19%	20.96%	19.00%	21.60%	11.83%	3.20%	6.98%	4.26%	3.96%	7.31%	9.83%	14.17%	13.17%	15.59%	8.30%	5.68%	18.14%	11.42%	-3.46%	1.55%	7.04%	5.06%	-6.39%	1.63%	0.26%	-0.77%	3.21%	10.00%	9.68%	8.66%

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	545M	592M	398M	421M	353M	289M	257M	375M	170M	-425M	1,171M	890M	897M	427M	125M	286M	186M	160M	266M	410M	597M	522M	583M	221M	136M	386M	246M	-65M	32M	159M	74M	-84M	23M	4M	-12M	61M	169M	126M	129M
Depreciation & Amortization	297M	289M	282M	261M	229M	198M	176M	330M	320M	332M	288M	270M	282M	272M	272M	290M	280M	275M	260M	280M	259M	230M	174M	154M	148M	147M	138M	122M	106M	113M	66M	52M	70M	70M	77M	80M	72M	54M	36M
Return on Depreciation & Amortization	202.90%	216.80%	145.59%	169.24%	152.44%	127.11%	135.73%	113.83%	53.08%	-127.87%	406.59%	329.97%	318.31%	157.02%	46.03%	98.48%	66.62%	58.30%	102.42%	146.36%	230.22%	227.10%	336.20%	142.90%	91.94%	263.41%	178.22%	-53.24%	29.84%	140.16%	112.90%	-161.38%	32.10%	5.02%	-14.97%	76.04%	234.31%	235.33%	363.66%
Deferred Income Tax	-142M	-108M	-58M	-48M	-30M	-25M	-20M	-421M	-240M	-103M	-264M	-58M	-118M	3M	15M	-15M	-14M	2M	-27M	4M	22M	-36M	-128M	3M	-22M	7M	3M	11M	108M	15M	-12M	48M	-33M	-38M	-47M	-22M	53M	20M	33M
Return on Deferred Income Tax	-521.07%	2,047.55%	1,443.25%	2,286.44%	2,411.61%	1,938.80%	1,651.95%	-89.19%	-70.82%	413.63%	-443.04%	-1,533.79%	-760.81%	12,561.76%	829.14%	-1,942.18%	-1,321.99%	7,623.81%	-994.03%	11,400.00%	2,752.07%	-1,434.34%	-457.13%	7,603.45%	-619.63%	5,286.30%	9,852.00%	-612.26%	29.29%	1,095.17%	-604.88%	-174.38%	-68.90%	-9.31%	24.36%	-270.54%	315.92%	626.37%	392.40%
Stock-Based Compensation	33M	33M	32M	28M	24M	21M	17M	22M	30M	18M	46M	34M	27M	38M	41M	46M	38M	18M	12M	-11M	35M	37M	24M	13M	8M	33M	26M	4M	0M	0M	1M	24M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	944.11%	1,448.39%	1,171.78%	1,006.58%	1,642.89%	4,013.01%	3,344.18%	1,698.19%	562.58%	-2,308.70%	2,524.57%	2,616.47%	3,273.72%	1,135.90%	303.15%	616.63%	487.96%	884.53%	2,183.61%	-3,800.00%	1,726.01%	1,418.75%	2,390.57%	1,645.52%	1,696.25%	1,158.86%	958.37%	-1,854.29%	15,800.00%	52,933.33%	14,880.00%	-345.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-126M	-127M	-62M	-61M	-34M	-18M	-21M	611M	14M	30M	-113M	-294M	-451M	195M	61M	-33M	40M	-94M	37M	-219M	-105M	-90M	80M	44M	84M	-171M	98M	209M	11M	-16M	-41M	-1M	162M	138M	198M	-103M	-184M	26M	-136M
Return on Change in Working Capital	-927.50%	-552.41%	-240.26%	-167.34%	-102.92%	545.86%	462.53%	61.45%	1,179.86%	-1,440.00%	-1,039.40%	-303.10%	-198.80%	219.25%	204.58%	-859.94%	463.68%	-170.86%	721.95%	-187.57%	-568.76%	-581.40%	733.71%	496.62%	161.93%	-225.94%	251.33%	-31.05%	295.33%	-1,011.46%	-180.15%	16,880.00%	13.99%	2.54%	-5.80%	-58.61%	-91.88%	480.53%	-94.86%
Accounts Receivable	-230M	-198M	-433M	-643M	-613M	-585M	-488M	243M	-65M	59M	-444M	-306M	-208M	-91M	64M	-565M	-864M	-1,144M	-830M	-1,422M	-1,508M	-1,357M	149M	-1,174M	-869M	-1,108M	83M	77M	-813M	-1,049M	-794M	-516M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	-424.45%	-435.43%	-209.91%	-122.26%	-83.87%	-67.42%	-56.18%	154.70%	-263.00%	-718.78%	-263.95%	-290.62%	-431.87%	-471.93%	196.24%	-50.50%	-21.56%	-13.99%	-32.10%	-28.86%	-39.60%	-38.47%	390.95%	-18.79%	-15.62%	-34.84%	295.32%	-84.51%	-3.89%	-15.13%	-9.37%	16.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	-175M	-233M	-171M	-160M	-122M	-102M	-88M	417M	157M	309M	-164M	-668M	-763M	120M	-216M	-214M	-196M	-33M	118M	111M	-357M	-161M	-221M	-61M	293M	-374M	11M	66M	-42M	-65M	14M	-119M	40M	24M	72M	-17M	-100M	-23M	-32M
Return on Inventory	-327.74%	-148.80%	-128.74%	-135.91%	1.67%	18.85%	-33.99%	90.11%	107.94%	-137.56%	-712.53%	-133.11%	-117.62%	356.81%	-57.88%	-133.22%	-95.10%	-483.69%	226.53%	368.40%	-167.33%	-324.49%	-263.94%	-363.86%	46.35%	-103.13%	2,301.87%	-98.04%	-75.06%	-243.93%	539.13%	70.92%	57.07%	14.77%	-15.95%	-350.29%	-168.03%	-557.08%	-399.69%
Accounts Payable	-31M	28M	37M	25M	20M	18M	15M	-49M	-213M	-225M	-192M	322M	292M	-59M	36M	-24M	124M	63M	36M	-219M	55M	-62M	162M	71M	-411M	284M	54M	55M	40M	53M	-17M	7M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	-48.77%	-112.40%	-24.64%	32.25%	50.17%	-11.58%	-9.65%	-767.48%	-79.80%	188.88%	-611.38%	276.19%	306.98%	-722.67%	350.70%	-1,174.90%	150.93%	254.94%	733.88%	-187.06%	1,091.77%	-846.19%	359.40%	312.32%	-32.99%	135.69%	455.27%	-117.79%	79.40%	298.50%	-450.91%	-1,140.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	311M	277M	504M	716M	682M	652M	540M	1M	135M	-114M	687M	359M	227M	225M	178M	771M	977M	1,021M	713M	1,311M	1,705M	1,490M	-11M	1,208M	1,071M	1,027M	-50M	11M	826M	1,046M	755M	627M	122M	114M	126M	-86M	-83M	49M	-104M
Return on Other Working Capital	264.23%	275.62%	155.76%	-241.70%	-232.87%	-184.97%	-159.10%	75,060.00%	126.32%	374.27%	170.48%	247.94%	395.33%	190.08%	70.34%	37.04%	19.08%	15.68%	37.37%	31.30%	35.02%	35.04%	-5,302.73%	18.25%	12.67%	37.59%	-490.64%	-595.41%	3.83%	15.19%	9.85%	-13.46%	18.52%	3.07%	-9.11%	-70.38%	-202.76%	257.99%	-124.37%
Other Non-Cash Items	295M	179M	113M	74M	56M	46M	38M	167M	499M	898M	-26M	11M	41M	-31M	184M	24M	44M	8M	-22M	-20M	-6M	10M	-9M	4M	-2M	-125M	-6M	162M	-10M	-5M	1M	33M	4M	1M	17M	-3M	-11M	-19M	6M
Return on Other Non-Cash Items	1,066.08%	799.37%	643.38%	-6.38%	-682.78%	-267.52%	-289.07%	225.13%	34.06%	-47.30%	-4,557.98%	7,803.51%	2,171.91%	-1,373.31%	68.23%	1,194.56%	421.72%	1,952.44%	-1,200.00%	-2,031.68%	-9,953.33%	5,495.79%	-6,340.22%	6,300.00%	-9,046.67%	-308.72%	-3,848.44%	-40.04%	-316.00%	-2,996.23%	9,300.00%	-255.76%	627.78%	291.67%	-66.47%	-1,836.36%	-1,606.67%	-662.63%	2,188.14%
Net Cash from Operating Activities	877M	842M	697M	669M	594M	508M	444M	1,022M	792M	690M	1,103M	838M	683M	897M	696M	596M	578M	370M	524M	438M	797M	666M	726M	439M	352M	291M	504M	442M	246M	266M	88M	73M	225M	174M	234M	11M	100M	207M	67M
Return on Net Cash from Operating Activities	50.25%	65.95%	52.21%	59.97%	55.88%	46.35%	70.56%	36.71%	21.44%	-61.57%	106.19%	106.13%	131.35%	47.64%	17.99%	47.91%	32.27%	43.33%	50.82%	93.61%	74.93%	78.35%	80.36%	50.26%	38.58%	132.48%	48.84%	-14.68%	12.83%	59.72%	84.55%	-115.30%	10.03%	2.01%	-4.92%	541.07%	168.70%	60.91%	192.40%
Capital Expenditures (PPE)	-433M	-368M	-293M	-296M	-264M	-224M	-207M	-273M	-440M	-393M	-518M	-388M	-270M	-270M	-273M	-203M	-204M	-201M	-211M	-302M	-392M	-341M	-300M	-167M	-215M	-251M	-141M	-129M	-112M	-78M	-79M	-55M	-39M	-68M	-44M	-122M	-361M	-45M	-45M
Return on Capital Expenditures (PPE)	-115.73%	-167.58%	-132.12%	-139.28%	-122.90%	-106.56%	-109.94%	-137.32%	-38.64%	108.01%	-226.10%	-229.10%	-332.47%	-158.24%	-45.79%	-140.43%	-91.42%	-79.65%	-126.02%	-136.12%	-152.42%	-153.33%	-194.17%	-131.96%	-63.03%	-153.56%	-174.19%	50.27%	-28.26%	-202.55%	-94.54%	153.73%	-57.51%	-5.17%	26.02%	-49.84%	-46.69%	-278.54%	-284.99%
Acquisitions (Net)	-460M	-277M	-212M	-224M	-169M	-174M	-145M	630M	-1,901M	-1,263M	-10M	-107M	-32M	26M	-3M	-6M	-294M	-400M	-29M	-134M	-20M	-39M	-1,018M	-25M	-17M	-1M	-18M	3M	0M	-766M	0M	-61M	-148M	0M	0M	0M	0M	0M	0M
Return on Acquisitions (Net)	-4,249.50%	-2,782.05%	-2,388.71%	-1,968.44%	-4,912.92%	-3,926.22%	-3,271.85%	59.62%	-8.94%	33.64%	-11,953.06%	-829.08%	-2,785.71%	1,623.95%	-4,038.71%	-4,922.41%	-63.42%	-40.01%	-912.33%	-305.81%	-3,062.56%	-1,345.62%	-57.30%	-868.11%	-793.57%	-64,316.67%	-1,383.71%	-2,237.93%	0.00%	-20.74%	0.00%	139.04%	-15.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0M	-8M	-6M	-6M	-10M	-7M	-6M	0M	-2M	0M	0M	0M	-13M	-29M	-3M	-6M	-1M	-5M	-4M	0M	10M	0M	-43M	0M	-35M	0M	-68M	-3M	0M	0M	0M	13M	0M	0M	0M	0M	0M	0M	0M
Return on Purchases of Investments	0.00%	-1,663.01%	-5,114.45%	-3,101.72%	-2,252.17%	-1,828.53%	-1,523.78%	0.00%	-10,618.75%	0.00%	0.00%	0.00%	-6,847.33%	-1,467.70%	-4,038.71%	-4,922.41%	-23,300.00%	-3,557.78%	-7,010.53%	0.00%	5,972.00%	0.00%	-1,353.36%	0.00%	-393.33%	0.00%	-362.21%	2,237.93%	0.00%	0.00%	0.00%	-669.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	-5M	5M	3M	1M	2M	2M	1M	7M	0M	-7M	-22M	13M	13M	29M	3M	0M	0M	0M	0M	0M	-10M	0M	2M	0M	37M	0M	6M	-3M	-23M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	2,369.41%	3,084.65%	1,946.20%	3,491.78%	2,947.51%	2,076.68%	1,730.57%	5,439.13%	0.00%	5,740.54%	-5,423.15%	6,790.84%	6,847.33%	1,467.70%	4,038.71%	0.00%	0.00%	0.00%	0.00%	0.00%	-5,972.00%	0.00%	38,886.67%	0.00%	365.77%	0.00%	4,105.00%	2,237.93%	-135.04%	0.00%	0.00%	-7,033.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	1M	-1M	1M	-4M	-1M	2M	-12M	249M	2M	13M	4M	-14M	-9M	2M	5M	4M	4M	3M	0M	3M	3M	5M	-4M	-81M	37M	-28M	-3M	4M	34M	47M	21M	1M	6M	-2M	24M	0M	0M	-302M	-133M
Return on Other Investing Activities	7,120.86%	6,796.88%	-7,846.58%	-3,035.19%	-2,862.72%	-2,535.69%	-2,119.32%	150.60%	8,090.48%	-3,242.75%	30,826.32%	-6,220.98%	-9,857.14%	22,478.95%	2,555.10%	7,930.56%	4,546.34%	5,717.86%	-133,200.00%	14,657.14%	22,969.23%	11,350.00%	-15,764.86%	-273.57%	365.77%	-1,398.19%	-9,122.22%	-1,664.10%	92.13%	337.87%	355.98%	-7,033.33%	376.67%	-175.00%	-48.73%	0.00%	0.00%	-41.72%	-96.78%
Net Cash from Investing Activities	-898M	-649M	-506M	-527M	-442M	-402M	-369M	612M	-2,340M	-1,650M	-546M	-497M	-311M	-242M	-272M	-206M	-494M	-598M	-241M	-433M	-409M	-375M	-1,364M	-273M	-193M	-280M	-224M	-128M	-101M	-797M	-58M	-101M	-181M	-70M	-21M	-122M	-361M	-347M	-179M
Return on Net Cash from Investing Activities	-122.66%	-166.61%	-119.32%	-113.13%	-99.81%	-83.14%	-74.25%	61.29%	-7.26%	25.74%	-214.66%	-179.07%	-288.33%	-176.71%	-46.10%	-138.93%	-37.76%	-26.76%	-110.63%	-94.80%	-146.12%	-139.34%	-42.77%	-80.74%	-70.42%	-138.07%	-110.00%	50.66%	-31.32%	-19.92%	-128.72%	83.90%	-12.50%	-5.02%	55.83%	-49.84%	-46.69%	-36.28%	-72.24%
Net Debt Issuance	422M	283M	168M	126M	67M	69M	71M	-1,236M	1,917M	1,362M	-129M	33M	-4M	150M	-108M	-176M	-126M	496M	182M	-101M	-58M	-223M	690M	-99M	-61M	37M	-121M	-170M	-231M	414M	84M	22M	-20M	-108M	-205M	186M	118M	175M	115M
Return on Net Debt Issuance	585.03%	-4,313.09%	-2,181.29%	-1,574.83%	-1,148.97%	-934.04%	-766.19%	-30.35%	8.87%	-31.18%	-909.47%	2,695.76%	-23,605.26%	284.73%	-115.50%	-162.12%	-148.17%	32.31%	146.05%	-407.95%	-1,027.88%	-234.65%	84.60%	-223.63%	-221.01%	1,042.97%	-203.55%	38.18%	-13.69%	38.39%	88.26%	-380.18%	-114.72%	-3.26%	5.62%	32.67%	142.48%	72.15%	112.36%
Long-Term Debt Issuance	422M	283M	168M	126M	67M	69M	71M	-1,236M	1,917M	1,362M	-129M	33M	-4M	150M	-108M	-176M	-126M	496M	182M	-101M	-58M	-223M	690M	-99M	-61M	37M	-121M	-170M	-231M	414M	84M	22M	-20M	-108M	-205M	186M	118M	175M	115M
Return on Long-Term Debt Issuance	585.03%	-4,313.09%	-2,181.29%	-1,574.83%	-1,149.05%	-934.10%	-766.24%	-30.35%	8.87%	-31.18%	-909.47%	2,695.76%	-23,605.26%	284.73%	-115.50%	-162.12%	-148.17%	32.31%	146.05%	-407.95%	-1,027.88%	-234.65%	84.60%	-223.63%	-222.46%	1,042.97%	-203.55%	38.18%	-13.69%	38.39%	88.26%	-380.18%	-114.72%	-3.26%	5.62%	32.67%	142.48%	72.15%	112.36%
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%	-1,696.25%	-1,357.00%	-1,130.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-33,925.00%	0.00%	0.00%	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	-32M	-57M	-111M	-108M	-80M	-51M	-41M	-31M	-65M	-22M	-53M	-21M	-135M	-55M	-130M	-184M	-7M	-213M	-288M	-500M	-1M	-18M	0M	1M	0M	0M	8M	11M	1M	303M	3M	10M	6M	0M	0M	-88M	142M	2M	-2M
Return on Net Stock Issuance	-1,532.58%	-1,207.74%	-915.94%	11,107.02%	14,994.93%	12,145.09%	10,154.26%	-1,206.75%	-261.79%	1,930.91%	-2,210.19%	-4,318.45%	-664.44%	-776.55%	-96.31%	-154.91%	-2,701.45%	-75.34%	-92.66%	-82.13%	-59,720.00%	-2,966.48%	194,433.33%	44,100.00%	0.00%	128,633.33%	3,003.66%	-600.93%	2,257.14%	52.41%	2,976.00%	-819.42%	353.13%	1,166.67%	0.00%	-69.10%	118.64%	7,405.88%	-6,455.00%
Common Stock Issuance	0M	0M	0M	0M	1M	14M	16M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	0M	0M	8M	11M	1M	303M	3M	10M	6M	0M	0M	0M	142M	2M	1M
Return on Common Stock Issuance	0.00%	0.00%	0.00%	15,902.22%	18,591.33%	15,022.21%	13,605.35%	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%	194,433.33%	44,100.00%	0.00%	128,633.33%	3,003.66%	-600.93%	2,257.14%	52.41%	2,976.00%	-819.42%	353.13%	1,166.67%	0.00%	15,150.00%	118.64%	7,405.88%	9,930.77%
Common Stock Repurchased	-32M	-57M	-111M	-108M	-81M	-66M	-58M	-31M	-65M	-22M	-53M	-21M	-135M	-55M	-130M	-184M	-7M	-213M	-288M	-500M	-1M	-18M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-13M	0M	0M	-88M	0M	0M	-3M
Return on Common Stock Repurchased	-1,532.58%	-1,207.74%	-915.94%	-4,795.20%	-3,596.40%	-2,884.02%	-2,536.05%	-1,206.75%	-261.79%	1,930.91%	-2,210.19%	-4,318.45%	-664.44%	-776.55%	-96.31%	-154.91%	-2,701.45%	-75.34%	-92.66%	-82.13%	-59,720.00%	-2,966.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-172.52%	0.00%	0.00%	-68.79%	0.00%	0.00%	-3,912.12%
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	-378M	-308M	-177M	-123M	-92M	-74M	-62M	-87M	-273M	-273M	-457M	-404M	-359M	-48M	-48M	-47M	-45M	-43M	-42M	-41M	-39M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	-3M	-2M	-2M	-3M	-2M	0M
Return on Net Dividends Paid	-106.86%	-292.12%	-375.74%	-419.90%	-314.93%	-438.34%	-849.17%	-433.87%	-62.21%	155.55%	-256.10%	-220.03%	-250.21%	-889.79%	-260.83%	-606.16%	-418.88%	-376.71%	-634.29%	-1,005.88%	-1,535.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4,520.00%	-140.00%	479.17%	-2,525.00%	-6,748.00%	-5,722.73%	0.00%
Common Dividends Paid	-378M	-308M	-177M	-123M	-92M	-74M	-62M	-87M	-273M	-273M	-457M	-404M	-359M	-48M	-48M	-47M	-45M	-43M	-42M	-41M	-39M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	-3M	-2M	-2M	-3M	-2M	0M
Return on Common Dividends Paid	-106.86%	-292.12%	-375.74%	-419.90%	-314.93%	-438.34%	-849.17%	-433.87%	-62.21%	155.55%	-256.10%	-220.03%	-250.21%	-889.79%	-260.83%	-606.16%	-418.88%	-376.71%	-634.29%	-1,005.88%	-1,535.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4,520.00%	-140.00%	479.17%	-2,525.00%	-6,748.00%	-5,722.73%	0.00%
Preferred Dividends Paid	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Dividends Paid	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	-23M	-27M	-18M	-16M	-13M	-12M	-10M	-5M	-18M	-22M	-33M	-15M	-42M	-24M	-27M	-6M	1M	-4M	-6M	-21M	-9M	-2M	-19M	-11M	-4M	-3M	0M	-5M	0M	-21M	-10M	0M	-13M	0M	0M	0M	-4M	-12M	0M
Return on Other Financing Activities	-2,512.70%	-2,284.26%	1,233.91%	-2,418.10%	-2,524.29%	-2,086.81%	-1,933.52%	-8,340.00%	-933.52%	1,957.60%	-3,604.31%	-5,891.39%	-2,125.59%	-1,757.61%	-463.70%	-4,922.41%	37,280.00%	-3,904.88%	-4,228.57%	-1,963.64%	-6,786.36%	-34,806.67%	-3,102.66%	-1,951.33%	-3,479.49%	-12,059.38%	0.00%	1,324.49%	0.00%	-752.61%	-759.18%	0.00%	-172.52%	0.00%	0.00%	0.00%	-4,820.00%	-1,015.32%	0.00%
Net Cash from Financing Activities	-11M	-110M	-137M	-121M	-118M	-68M	-42M	-1,359M	1,560M	1,046M	-672M	-407M	-540M	23M	-313M	-413M	-177M	236M	-153M	-662M	-107M	-242M	671M	-109M	-65M	34M	-113M	-164M	-230M	696M	77M	33M	-27M	-110M	-207M	95M	255M	162M	113M
Return on Net Cash from Financing Activities	-144.53%	256.33%	96.12%	0.62%	37.03%	20.53%	28.02%	-27.63%	10.89%	-40.63%	-174.39%	-218.57%	-166.27%	1,881.50%	-39.95%	-69.08%	-105.49%	67.72%	-173.66%	-61.99%	-559.18%	-216.10%	86.93%	-201.55%	-207.81%	1,131.67%	-218.35%	39.55%	-13.77%	22.83%	96.62%	-259.69%	-84.01%	-3.19%	5.55%	63.52%	66.26%	77.91%	114.35%
Effect of FX on Cash	-61M	-47M	-30M	-23M	-20M	-15M	-13M	-35M	-50M	-68M	-80M	-34M	-62M	9M	-4M	-19M	31M	-5M	-67M	-27M	-16M	7M	-29M	12M	47M	-116M	14M	31M	-21M	14M	6M	0M	-2M	-1M	-2M	0M	-4M	0M	1M
Return on Effect of FX on Cash	-1,153.23%	-9.22%	-782.66%	-382.44%	-217.26%	-1,254.43%	-262.92%	-1,081.56%	-337.10%	626.55%	-1,469.76%	-2,616.47%	-1,439.81%	4,853.41%	-2,980.95%	-1,526.74%	605.19%	-3,480.43%	-397.61%	-1,520.00%	-3,828.21%	7,677.94%	-2,032.40%	1,792.68%	289.96%	-332.39%	1,797.81%	-212.79%	-151.20%	1,110.49%	1,352.73%	-28,133.33%	-1,076.19%	-269.23%	500.00%	-20,200.00%	-4,439.47%	31,475.00%	16,137.50%
Net Change in Cash	-92M	36M	25M	-3M	14M	24M	20M	242M	-38M	17M	-194M	-100M	-230M	686M	107M	-42M	-62M	3M	63M	-684M	266M	57M	5M	69M	141M	-70M	181M	181M	-105M	179M	113M	5M	16M	-6M	4M	-15M	-11M	22M	2M
Return on Net Change in Cash	-1,322.25%	-858.90%	59.54%	997.44%	728.92%	530.38%	589.13%	155.40%	-445.93%	-2,469.77%	-603.81%	-893.17%	-390.00%	62.23%	117.34%	-686.30%	-300.65%	5,336.67%	422.86%	-60.04%	224.60%	917.57%	12,962.22%	321.90%	96.58%	-549.72%	135.85%	-35.96%	-30.10%	88.91%	66.02%	-1,562.96%	144.87%	-55.56%	-310.81%	-396.08%	-1,606.67%	580.18%	6,147.62%
Cash at Beginning of Period	758M	765M	574M	644M	585M	478M	403M	2,602M	4,409M	596M	790M	889M	1,119M	433M	326M	368M	430M	427M	364M	1,047M	781M	724M	720M	651M	512M	582M	401M	221M	326M	147M	34M	29M	13M	20M	16M	31M	42M	20M	26M
Return on Cash at Beginning of Period	59.03%	71.19%	62.61%	61.91%	53.16%	51.35%	98.01%	14.42%	3.85%	-71.34%	148.37%	100.06%	80.15%	98.68%	38.39%	77.64%	43.38%	37.52%	73.25%	39.19%	76.44%	72.07%	81.03%	33.85%	26.49%	66.26%	61.41%	-29.42%	9.71%	108.03%	216.91%	-292.04%	169.92%	17.86%	-72.33%	194.23%	404.56%	629.50%	500.39%
Cash at End of Period	666M	801M	599M	642M	600M	502M	423M	2,843M	4,371M	613M	596M	790M	889M	1,119M	433M	326M	368M	430M	427M	364M	1,047M	781M	724M	720M	653M	512M	582M	401M	221M	326M	147M	34M	29M	13M	20M	16M	31M	42M	28M
Return on Cash at End of Period	80.02%	75.82%	64.60%	66.25%	56.52%	43.53%	90.53%	13.20%	3.89%	-69.33%	196.71%	112.68%	100.89%	38.16%	28.93%	87.55%	50.69%	37.26%	62.43%	112.84%	57.03%	66.82%	80.52%	30.63%	20.79%	75.34%	42.29%	-16.18%	14.32%	48.77%	50.61%	-246.06%	78.20%	26.32%	-58.67%	381.13%	540.71%	301.92%	462.72%
Operating Cash Flow	877M	842M	697M	669M	594M	508M	444M	1,022M	792M	690M	1,103M	838M	683M	897M	696M	596M	578M	370M	524M	438M	797M	666M	726M	439M	352M	291M	504M	442M	246M	266M	88M	73M	225M	174M	234M	11M	100M	207M	67M
Return on Operating Cash Flow	50.25%	65.95%	52.21%	59.97%	55.88%	46.35%	70.56%	36.71%	21.44%	-61.57%	106.19%	106.13%	131.35%	47.64%	17.99%	47.91%	32.27%	43.33%	50.82%	93.61%	74.93%	78.35%	80.36%	50.26%	38.58%	132.48%	48.84%	-14.68%	12.83%	59.72%	84.55%	-115.30%	10.03%	2.01%	-4.92%	541.07%	168.70%	60.91%	192.40%
Capital Expenditure	-433M	-368M	-293M	-296M	-264M	-224M	-207M	-273M	-440M	-393M	-518M	-388M	-270M	-270M	-273M	-203M	-204M	-201M	-211M	-302M	-392M	-341M	-300M	-167M	-215M	-251M	-141M	-129M	-112M	-78M	-79M	-55M	-39M	-68M	-44M	-122M	-361M	-45M	-45M
Return on Capital Expenditure	-115.73%	-167.58%	-132.12%	-139.28%	-122.90%	-106.56%	-109.94%	-137.32%	-38.64%	108.01%	-226.10%	-229.10%	-332.47%	-158.24%	-45.79%	-140.43%	-91.42%	-79.65%	-126.02%	-136.12%	-152.42%	-153.33%	-194.17%	-131.96%	-63.03%	-153.56%	-174.19%	50.27%	-28.26%	-202.55%	-94.54%	153.73%	-57.51%	-5.17%	26.02%	-49.84%	-46.69%	-278.54%	-284.99%
Free Cash Flow	444M	474M	404M	374M	330M	284M	237M	749M	353M	297M	585M	450M	413M	627M	423M	393M	374M	169M	313M	137M	405M	326M	426M	272M	136M	40M	363M	313M	135M	188M	9M	18M	186M	107M	190M	-110M	-261M	162M	22M
Return on Free Cash Flow	84.92%	108.01%	87.25%	113.21%	141.65%	130.88%	127.22%	50.10%	48.17%	-143.22%	200.24%	197.73%	217.14%	68.16%	29.63%	72.72%	49.88%	95.01%	85.17%	299.78%	147.38%	160.20%	137.09%	81.19%	99.49%	964.75%	67.87%	-20.73%	23.49%	84.69%	800.00%	-461.20%	12.14%	3.28%	-6.07%	-54.89%	-64.56%	77.96%	592.20%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Net Income	520M	576M	390M	415M	348M	286M	254M	314M	169M	-486M	1,171M	875M	902M	420M	123M	284M	189M	160M	264M	404M	592M	516M	585M	220M	136M	400M	246M	-65M	32M	159M	74M	-84M	23M	4M	-12M	61M	171M	129M	129M
EBITDA	1,058M	1,057M	831M	836M	734M	635M	576M	511M	544M	59M	1,692M	1,423M	1,252M	859M	562M	706M	616M	543M	603M	891M	1,141M	908M	791M	493M	367M	726M	511M	168M	362M	417M	277M	199M	181M	136M	142M	275M	409M	281M	305M
Return on EBITDA	-232.66%	-115.41%	-41.10%	-9.22%	-1.40%	0.39%	5.12%	61.50%	31.03%	-828.67%	69.22%	61.48%	72.03%	48.88%	21.85%	40.20%	30.75%	29.51%	43.77%	45.35%	51.92%	56.85%	73.98%	44.65%	36.97%	55.13%	48.17%	-38.70%	8.73%	38.10%	26.86%	-42.41%	12.46%	2.58%	-8.10%	22.00%	41.73%	46.13%	42.34%
(-) Tax Adjustment	218M	211M	217M	212M	215M	197M	178M	-685M	118M	15M	278M	360M	134M	265M	335M	198M	255M	198M	130M	283M	347M	191M	32M	159M	108M	217M	159M	335M	299M	160M	116M	398M	23M	-74M	-45M	102M	146M	98M	103M
Return on (-) Tax Adjustment	-865.62%	-353.51%	-122.96%	88.46%	89.15%	80.66%	82.53%	-45.82%	142.47%	-3,260.78%	421.14%	242.78%	671.09%	158.19%	36.70%	143.02%	74.31%	80.78%	203.17%	143.01%	170.88%	269.73%	1,834.07%	138.82%	125.75%	184.37%	154.68%	-19.35%	10.55%	99.18%	63.93%	-21.21%	96.39%	-4.72%	25.58%	59.45%	117.18%	131.94%	125.29%
(-) Change In Working Capital	-126M	-127M	-62M	-61M	-34M	-18M	-21M	611M	14M	30M	-113M	-294M	-451M	195M	61M	-33M	40M	-94M	37M	-219M	-105M	-90M	80M	44M	84M	-171M	98M	209M	11M	-16M	-41M	-1M	162M	138M	198M	-103M	-184M	26M	-136M
Return on (-) Change In Working Capital	-994.51%	-593.56%	-260.63%	-179.87%	-112.73%	538.01%	456.39%	51.42%	1,172.22%	-1,646.10%	-1,039.40%	-298.02%	-199.80%	215.50%	200.65%	-854.52%	470.90%	-170.97%	715.45%	-184.73%	-564.10%	-575.06%	736.23%	495.95%	161.93%	-234.19%	251.33%	-31.05%	295.33%	-1,011.46%	-180.15%	16,880.00%	13.99%	2.54%	-5.80%	-58.61%	-93.03%	493.89%	-94.86%
(-) Capital Expenditure	-433M	-368M	-293M	-296M	-264M	-224M	-207M	-273M	-440M	-393M	-518M	-388M	-270M	-270M	-273M	-203M	-204M	-201M	-211M	-302M	-392M	-341M	-300M	-167M	-215M	-251M	-141M	-129M	-112M	-78M	-79M	-55M	-39M	-68M	-44M	-122M	-361M	-45M	-45M
Return on (-) Capital Expenditure	-109.30%	-163.51%	-129.95%	-137.53%	-121.87%	-105.74%	-109.52%	-114.89%	-38.39%	123.47%	-226.10%	-225.26%	-334.14%	-155.54%	-44.92%	-139.55%	-92.84%	-79.70%	-124.88%	-134.06%	-151.17%	-151.66%	-194.84%	-131.78%	-63.03%	-159.17%	-174.19%	50.27%	-28.26%	-202.55%	-94.54%	153.73%	-57.51%	-5.17%	26.02%	-49.84%	-47.27%	-286.28%	-284.99%
Unlevered Free Cash Flow	532M	605M	383M	389M	289M	232M	213M	312M	-29M	-379M	1,009M	968M	1,299M	129M	-107M	337M	117M	237M	225M	526M	507M	466M	379M	123M	-40M	428M	113M	-506M	-60M	194M	123M	-253M	-43M	4M	-56M	155M	86M	111M	293M
Return on Unlevered Free Cash Flow	111.54%	145.98%	104.65%	112.27%	80.81%	72.83%	74.67%	100.68%	-590.57%	128.10%	116.14%	90.39%	69.42%	325.87%	-114.42%	84.10%	162.00%	67.51%	117.41%	76.85%	116.73%	110.76%	154.28%	178.92%	-339.98%	93.43%	218.62%	12.83%	-52.77%	81.86%	60.38%	33.31%	-52.62%	81.65%	20.66%	39.03%	198.98%	116.55%	44.11%
(-) Net Interest Income After Taxes	-28M	-20M	-23M	-27M	-22M	-19M	-15M	-187M	-45M	-70M	-4M	-10M	-6M	-10M	-8M	-34M	-25M	-32M	-35M	-40M	-40M	-45M	-27M	-23M	-31M	-23M	-17M	55M	-14M	-47M	-35M	57M	0M	0M	0M	0M	0M	0M	0M
Return on (-) Net Interest Income After Taxes	-12,929.84%	-11,582.53%	-6,227.85%	-4,603.71%	-3,652.42%	-2,949.77%	-2,458.14%	-168.22%	-372.07%	694.83%	-30,474.34%	-9,010.00%	-15,073.13%	-4,050.00%	-1,525.63%	-830.74%	-756.21%	-503.79%	-749.44%	-1,013.53%	-1,466.90%	-1,135.94%	-2,186.02%	-974.77%	-443.88%	-1,718.72%	-1,484.23%	-117.57%	-228.38%	-334.87%	-213.85%	-147.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	422M	283M	168M	126M	67M	69M	71M	-1,236M	1,917M	1,362M	-129M	33M	-4M	150M	-108M	-176M	-126M	496M	182M	-101M	-58M	-223M	690M	-99M	-61M	37M	-121M	-170M	-231M	414M	84M	22M	-20M	-108M	-205M	186M	118M	175M	115M
Return on Net Debt Issuance	568.50%	-4,347.67%	-2,198.61%	-1,585.19%	-1,154.84%	-938.74%	-769.98%	-25.40%	8.81%	-35.65%	-909.47%	2,650.61%	-23,723.68%	279.87%	-113.28%	-161.10%	-150.48%	32.33%	144.74%	-401.79%	-1,019.45%	-232.09%	84.89%	-223.33%	-221.01%	1,081.08%	-203.55%	38.18%	-13.69%	38.39%	88.26%	-380.18%	-114.72%	-3.26%	5.62%	32.67%	144.26%	74.15%	112.36%
Levered Free Cash Flow	982M	907M	575M	542M	378M	320M	299M	-738M	1,933M	1,053M	884M	1,010M	1,301M	289M	-208M	195M	16M	765M	442M	465M	490M	289M	1,096M	47M	-71M	488M	8M	-731M	-277M	655M	242M	-289M	-63M	-103M	-260M	341M	204M	286M	408M
Return on Levered Free Cash Flow	57.67%	77.50%	173.09%	175.91%	275.43%	222.14%	191.21%	-42.56%	8.73%	-46.11%	132.56%	86.57%	69.31%	145.16%	-59.13%	145.20%	1,176.75%	20.95%	59.66%	86.88%	120.96%	178.56%	53.42%	467.88%	-191.82%	81.90%	2,982.51%	8.88%	-11.41%	24.24%	30.70%	29.24%	-36.08%	-3.39%	4.42%	17.78%	83.63%	45.32%	31.68%