Fleury S.A. (FLRY3.SA)

Category: Company Returns Sector: Healthcare Industry: Medical - Diagnostics & Research Live Price: $15.43

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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
Net Income	81M	71M	59M	45M	109M	111M	112M	77M	56M	63M	47M	57M	60M	58M	41M	19M	16M	11M	19M	18M	24M	15M	8M	5M	6M
Revenue	1,124M	922M	678M	534M	1,462M	1,367M	1,392M	1,172M	808M	701M	538M	526M	483M	432M	380M	343M	304M	300M	272M	204M	158M	139M	122M	100M	88M
Return on Revenue	7.16%	7.83%	9.24%	8.81%	7.44%	8.13%	8.02%	6.55%	6.90%	9.04%	8.65%	10.75%	12.44%	13.45%	10.91%	5.66%	5.11%	3.69%	7.10%	8.94%	14.92%	10.85%	6.21%	4.59%	6.59%
Cost of Revenue	826M	673M	489M	386M	1,069M	1,004M	1,004M	884M	589M	497M	392M	365M	336M	298M	271M	252M	232M	233M	199M	139M	100M	82M	71M	59M	51M
Return on Cost of Revenue	9.75%	10.78%	12.97%	12.51%	10.18%	11.07%	11.12%	8.68%	9.47%	12.74%	11.89%	15.49%	17.87%	19.47%	15.30%	7.71%	6.71%	4.76%	9.70%	13.15%	23.55%	18.50%	10.69%	7.72%	11.49%
Gross Profit	298M	249M	189M	148M	393M	363M	388M	288M	219M	204M	147M	161M	146M	133M	109M	91M	72M	67M	73M	65M	58M	58M	51M	40M	38M
Return on Gross Profit	26.96%	28.73%	32.28%	30.38%	27.68%	30.59%	28.75%	26.68%	25.44%	31.05%	31.73%	35.16%	41.01%	43.56%	38.06%	21.35%	21.45%	16.44%	26.43%	27.95%	40.68%	26.25%	14.84%	11.33%	15.44%
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
Return on R&D Expenses	0.00%	0.00%	5,533.14%	3,688.76%	63,069.75%	91,571.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	55,331.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	34M	25M	22M	22M	106M	70M	46M	35M	21M	13M	10M	9M	12M	46M	14M	12M	14M	16M	15M	41M	27M	33M	28M	20M	19M
Return on SG&A Expenses	244.15%	336.45%	336.44%	253.50%	102.16%	158.63%	242.41%	222.16%	267.87%	483.06%	466.77%	609.00%	489.12%	124.98%	297.14%	161.85%	110.57%	69.30%	127.98%	44.55%	85.72%	45.91%	26.68%	22.71%	30.18%
Operating Expenses	136M	109M	80M	65M	173M	154M	171M	149M	86M	83M	55M	55M	55M	47M	47M	48M	37M	37M	34M	40M	27M	35M	41M	32M	32M
Return on Operating Expenses	60.47%	68.43%	80.41%	70.97%	62.71%	72.03%	65.18%	51.43%	64.80%	76.13%	84.62%	102.25%	108.63%	123.69%	87.24%	40.17%	41.68%	30.20%	56.47%	45.93%	86.11%	43.68%	18.69%	14.21%	18.33%
Operating Income (EBIT)	172M	145M	111M	85M	220M	218M	217M	166M	133M	121M	89M	106M	91M	86M	61M	43M	35M	31M	39M	26M	31M	23M	18M	12M	6M
Return on Operating Income (EBIT)	46.53%	48.92%	54.44%	54.85%	49.54%	51.00%	51.45%	46.27%	41.89%	52.44%	52.57%	53.58%	65.89%	67.23%	67.51%	45.55%	44.20%	36.07%	49.69%	71.36%	77.10%	65.70%	43.10%	38.01%	97.75%
Interest Income	27M	19M	10M	8M	56M	19M	35M	27M	18M	8M	4M	-1M	-1M	9M	0M	0M	1M	-3M	0M	8M	10M	1M	-2M	0M	-3M
Return on Interest Income	305.63%	543.51%	2,803.46%	2,318.04%	195.72%	586.58%	322.45%	280.13%	314.30%	747.63%	1,053.03%	-4,597.63%	-4,519.35%	652.21%	40,486.55%	-6,704.75%	1,405.44%	-377.71%	5,222.34%	242.25%	243.67%	1,492.45%	-358.01%	-4,037.48%	-198.58%
Interest Expense	87M	65M	43M	33M	122M	93M	97M	90M	75M	36M	28M	28M	15M	18M	25M	24M	20M	16M	10M	4M	5M	5M	6M	4M	2M
Return on Interest Expense	91.85%	123.66%	180.69%	205.78%	89.47%	119.34%	115.36%	85.68%	74.53%	175.59%	167.16%	204.71%	408.42%	326.28%	167.98%	81.16%	76.65%	70.53%	186.56%	458.24%	487.88%	311.34%	124.32%	122.56%	254.47%
Net Interest Income	-61M	-47M	-34M	-26M	-66M	-74M	-62M	-62M	-57M	-28M	-23M	-29M	-16M	-9M	-25M	-24M	-19M	-19M	-14M	-8M	5M	-4M	-8M	-4M	-5M
Return on Net Interest Income	-133.43%	-165.70%	-230.08%	-154.28%	-164.81%	-149.70%	-179.61%	-123.44%	-97.23%	-229.49%	-198.71%	-195.98%	-374.57%	-652.90%	-168.68%	-80.19%	-80.52%	-59.43%	-139.87%	-220.32%	486.80%	-393.41%	-92.28%	-118.94%	-111.54%
Unusual Items	128M	99M	66M	49M	149M	150M	137M	132M	117M	59M	50M	57M	25M	18M	33M	36M	28M	29M	21M	-2M	-10M	4M	14M	8M	5M
Return on Unusual Items	62.55%	77.68%	123.10%	21.75%	72.86%	73.89%	81.68%	58.22%	47.75%	108.12%	92.65%	98.80%	235.78%	326.45%	127.02%	54.48%	54.87%	37.93%	93.74%	-847.77%	-243.40%	391.42%	52.56%	59.47%	111.54%
EBT Excluding Unusual Items	-24M	-6M	12M	13M	-13M	-9M	6M	-36M	-43M	31M	11M	20M	56M	60M	21M	-4M	-2M	-9M	8M	26M	45M	19M	-3M	0M	1M
Return on EBT Excluding Unusual Items	526.33%	437.46%	243.77%	134.53%	-835.88%	-1,271.78%	1,923.19%	-215.57%	-128.63%	202.89%	405.43%	283.69%	106.79%	97.29%	200.16%	-437.53%	-671.85%	-122.21%	252.69%	69.31%	52.27%	79.04%	-249.09%	917.88%	790.94%
Pre-Tax Income	104M	93M	78M	61M	136M	142M	142M	96M	73M	90M	62M	77M	82M	77M	53M	31M	26M	20M	28M	24M	35M	23M	11M	8M	6M
Return on Pre-Tax Income	78.02%	76.00%	74.17%	71.12%	79.82%	78.44%	78.35%	79.75%	75.95%	70.53%	75.41%	73.28%	73.50%	74.95%	77.71%	62.24%	59.75%	55.00%	68.37%	75.48%	66.56%	65.76%	66.61%	55.85%	97.75%
Income Tax Expense	24M	22M	20M	16M	31M	31M	33M	20M	18M	26M	15M	21M	22M	19M	12M	12M	10M	9M	9M	6M	12M	8M	4M	6M	2M
Return on Income Tax Expense	346.39%	317.57%	295.21%	263.06%	346.79%	352.95%	337.15%	383.47%	318.54%	241.97%	306.74%	274.24%	277.35%	299.23%	348.56%	164.80%	148.46%	122.20%	216.19%	307.90%	199.06%	192.05%	190.68%	79.85%	302.00%
Depreciation and Amortization	115M	96M	65M	48M	157M	139M	141M	122M	82M	71M	65M	58M	34M	26M	26M	22M	21M	20M	18M	11M	6M	6M	9M	5M	4M
Return on Depreciation and Amortization	69.79%	74.19%	111.32%	127.81%	69.34%	79.90%	79.00%	62.74%	67.62%	89.89%	71.68%	97.46%	175.17%	224.60%	157.37%	87.66%	75.14%	56.22%	106.31%	171.97%	394.28%	269.76%	84.10%	98.56%	135.91%
EBITDA	306M	253M	186M	141M	414M	374M	381M	306M	230M	196M	153M	162M	131M	119M	104M	78M	68M	55M	56M	39M	37M	31M	28M	17M	15M
Return on EBITDA	26.20%	28.25%	33.55%	34.96%	26.25%	29.74%	29.27%	25.09%	24.22%	32.28%	30.36%	34.82%	45.81%	48.95%	39.80%	24.88%	22.98%	19.96%	34.39%	47.07%	64.49%	48.09%	27.32%	27.43%	37.66%
NOPAT	133M	110M	84M	63M	169M	169M	167M	131M	101M	86M	67M	77M	67M	65M	48M	27M	21M	17M	27M	19M	20M	15M	11M	4M	4M
Return on NOPAT	60.15%	64.84%	73.67%	77.29%	64.35%	65.57%	67.02%	58.41%	55.01%	74.02%	69.71%	73.11%	89.65%	89.70%	86.87%	73.20%	73.97%	65.59%	72.67%	94.53%	115.84%	99.92%	66.24%	126.48%	144.54%
Owner's Earnings	117M	98M	69M	48M	167M	173M	164M	124M	63M	59M	77M	77M	35M	30M	34M	21M	15M	4M	8M	-6M	19M	14M	2M	-7M	5M
Return on Owner's Earnings	72.54%	77.02%	103.13%	98.20%	65.16%	64.31%	67.86%	61.83%	87.93%	107.37%	60.09%	73.50%	170.45%	191.09%	120.32%	90.89%	104.58%	279.84%	242.21%	-311.25%	126.21%	107.16%	371.31%	-63.71%	113.16%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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
Net Income	81M	71M	59M	45M	112M	77M	56M	63M	47M	57M	60M	58M	41M	19M	16M	11M	19M	18M	24M	15M	8M	5M	6M
Cash & Cash Equivalents	4M	4M	25M	44M	4M	4M	3M	6M	5M	2M	10M	61M	57M	93M	92M	98M	33M	88M	98M	96M	3M	5M	5M
Return on Cash & Cash Equivalents	2,181.86%	1,699.00%	1,276.74%	859.95%	2,828.03%	1,933.20%	1,784.35%	1,037.68%	911.73%	3,483.35%	600.36%	94.99%	72.89%	20.85%	16.98%	11.32%	58.95%	20.71%	23.92%	15.83%	228.04%	85.89%	117.06%
Short-Term Investments	273M	228M	150M	100M	420M	163M	234M	138M	184M	144M	137M	61M	17M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	32.45%	33.71%	287.62%	47,352.17%	26.56%	46.97%	23.83%	45.84%	25.35%	39.27%	44.00%	95.91%	246.03%	2,282.44%	0.00%	0.00%	0.00%	23,190.55%	684,215.79%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	276M	232M	176M	145M	424M	167M	237M	144M	189M	146M	147M	122M	74M	114M	92M	98M	33M	88M	98M	96M	3M	5M	5M
Return on Cash & Short-Term Investments	31.89%	32.85%	36.51%	33.13%	26.31%	45.85%	23.51%	43.90%	24.66%	38.83%	40.99%	47.72%	56.23%	17.05%	16.98%	11.32%	58.95%	20.69%	23.92%	15.83%	228.04%	85.89%	117.06%
Net Receivables	246M	202M	144M	118M	296M	273M	169M	144M	128M	103M	92M	93M	73M	72M	71M	72M	79M	65M	40M	29M	19M	18M	14M
Return on Net Receivables	32.94%	35.87%	44.56%	39.60%	37.69%	28.15%	32.97%	44.08%	36.48%	54.78%	65.55%	62.12%	56.76%	27.00%	21.99%	15.28%	24.33%	27.98%	58.89%	51.83%	39.12%	25.85%	42.48%
Inventory	23M	19M	12M	9M	28M	24M	17M	13M	11M	6M	5M	4M	6M	3M	2M	3M	3M	3M	2M	2M	2M	2M	1M
Return on Inventory	343.44%	383.90%	701.42%	700.46%	397.44%	314.06%	318.82%	481.93%	407.27%	980.06%	1,248.30%	1,488.13%	723.94%	654.29%	627.30%	362.65%	565.81%	570.21%	1,366.71%	671.30%	354.11%	281.40%	444.15%
Other Current Assets	32M	24M	20M	16M	44M	43M	9M	14M	11M	14M	17M	10M	17M	16M	19M	17M	1M	1M	1M	2M	4M	0M	0M
Return on Other Current Assets	342.59%	377.33%	356.60%	545.75%	252.41%	177.08%	598.26%	443.42%	415.49%	395.55%	356.93%	556.95%	249.25%	120.62%	79.73%	63.80%	1,292.13%	1,333.07%	1,851.60%	966.21%	201.80%	1,073.12%	1,361.25%
Total Current Assets	578M	478M	352M	288M	793M	508M	433M	316M	339M	269M	260M	229M	169M	205M	184M	191M	120M	158M	142M	130M	29M	25M	21M
Return on Total Current Assets	14.02%	15.18%	17.93%	15.85%	14.08%	15.12%	12.88%	20.08%	13.73%	21.03%	23.12%	25.30%	24.51%	9.48%	8.43%	5.80%	16.08%	11.52%	16.60%	11.61%	26.45%	18.18%	28.34%
Property, Plant & Equipment	429M	366M	253M	192M	455M	479M	353M	283M	261M	280M	142M	116M	85M	80M	83M	82M	77M	68M	32M	29M	28M	21M	17M
Return on Property, Plant & Equipment	18.78%	19.31%	28.19%	29.23%	24.51%	16.03%	15.80%	22.36%	17.86%	20.21%	42.37%	49.95%	48.63%	24.22%	18.71%	13.45%	25.12%	26.79%	72.48%	52.81%	27.52%	22.32%	33.42%
Goodwill	668M	543M	399M	333M	773M	765M	465M	393M	319M	302M	255M	241M	237M	237M	239M	239M	239M	230M	52M	50M	40M	37M	11M
Return on Goodwill	12.16%	13.43%	15.92%	15.43%	14.44%	10.03%	12.00%	16.12%	14.57%	18.70%	23.52%	24.14%	17.47%	8.20%	6.50%	4.63%	8.07%	7.92%	45.12%	30.04%	19.01%	12.27%	52.20%
Intangible Assets	228M	161M	101M	78M	289M	287M	107M	75M	48M	45M	40M	38M	39M	37M	39M	39M	38M	37M	7M	6M	3M	2M	1M
Return on Intangible Assets	39.10%	59.52%	88.53%	94.41%	38.63%	26.75%	51.91%	84.04%	96.27%	124.41%	151.00%	153.17%	106.61%	52.47%	40.34%	28.52%	50.94%	49.71%	361.45%	267.13%	221.80%	245.94%	606.69%
Long-Term Investments	-129M	-110M	-55M	-36M	-386M	0M	0M	0M	-165M	0M	0M	1M	0M	1M	0M	4M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Investments	-9.63%	-11.43%	3,138,178.47%	2,095,956.55%	-28.88%	0.00%	0.00%	0.00%	-28.25%	31,231,700.00%	138,160.42%	8,319.10%	0.00%	3,662.33%	0.00%	294.30%	0.00%	0.00%	57,269.16%	0.00%	0.00%	0.00%	0.00%
Tax Assets	6M	5M	3M	7M	4M	6M	9M	5M	2M	2M	0M	0M	0M	0M	24M	22M	18M	14M	5M	9M	6M	3M	3M
Return on Tax Assets	1,625.21%	1,673.04%	1,084.59%	776.78%	3,008.95%	1,233.43%	633.24%	1,388.87%	2,100.73%	2,480.68%	0.00%	0.00%	0.00%	0.00%	64.96%	51.24%	106.87%	132.95%	449.75%	174.96%	134.00%	143.44%	224.83%
Other Non-Current Assets	179M	152M	84M	58M	439M	53M	44M	28M	194M	24M	12M	14M	14M	20M	12M	9M	4M	6M	2M	4M	6M	3M	6M
Return on Other Non-Current Assets	99.15%	109.64%	210.36%	280.34%	25.43%	145.64%	126.38%	226.77%	23.98%	235.37%	517.33%	415.24%	291.54%	95.88%	124.38%	126.82%	485.04%	307.06%	1,058.21%	398.59%	137.76%	132.32%	90.13%
Other Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	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%	987.81%	0.00%	0.00%
Total Non-Current Assets	1,380M	1,117M	785M	631M	1,573M	1,590M	978M	784M	660M	654M	448M	409M	375M	375M	397M	391M	376M	355M	99M	97M	82M	66M	39M
Return on Total Non-Current Assets	5.87%	6.55%	8.52%	8.41%	7.09%	4.83%	5.70%	8.08%	7.05%	8.65%	13.39%	14.18%	11.04%	5.18%	3.91%	2.84%	5.14%	5.14%	23.86%	15.58%	9.25%	6.90%	15.09%
Total Assets	1,958M	1,595M	1,137M	919M	2,366M	2,097M	1,411M	1,100M	999M	923M	708M	639M	544M	580M	581M	582M	496M	513M	241M	228M	112M	92M	59M
Return on Total Assets	4.11%	4.55%	5.74%	5.28%	4.72%	3.66%	3.95%	5.76%	4.66%	6.13%	8.48%	9.09%	7.61%	3.35%	2.67%	1.90%	3.89%	3.55%	9.79%	6.65%	6.80%	5.00%	9.85%
Accounts Payable	102M	83M	56M	42M	128M	112M	66M	65M	45M	34M	35M	27M	26M	19M	19M	19M	13M	14M	7M	8M	8M	5M	5M
Return on Accounts Payable	80.12%	88.20%	125.45%	133.01%	87.52%	68.30%	84.53%	98.05%	102.60%	164.00%	170.97%	215.93%	159.91%	102.70%	81.58%	58.62%	150.13%	133.41%	316.91%	188.92%	89.71%	87.48%	125.96%
Short-Term Debt	53M	62M	51M	37M	37M	56M	65M	68M	86M	38M	39M	57M	27M	34M	14M	13M	16M	5M	6M	7M	10M	7M	2M
Return on Short-Term Debt	173.62%	133.72%	128.49%	155.72%	298.02%	137.54%	85.31%	93.30%	54.41%	149.80%	153.36%	101.58%	154.57%	56.97%	109.63%	83.26%	120.67%	367.75%	369.70%	212.00%	79.76%	69.97%	364.70%
Tax Payables	14M	13M	9M	7M	18M	15M	9M	17M	5M	6M	5M	6M	4M	5M	4M	4M	6M	5M	3M	4M	5M	6M	2M
Return on Tax Payables	597.81%	614.82%	757.99%	654.30%	625.04%	525.87%	642.52%	383.50%	897.18%	994.99%	1,092.79%	1,046.61%	941.20%	430.25%	357.26%	257.41%	349.89%	356.56%	913.44%	393.45%	165.59%	72.35%	253.71%
Deferred Revenue	5M	3M	1M	1M	0M	15M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	175.29%	105.17%	52.59%	35.06%	0.00%	525.87%	0.00%	0.00%	0.00%	0.00%	0.00%	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	3M	10M	10M	10M	-10M	1M	19M	16M	26M	14M	10M	12M	4M	7M	3M	4M	4M	36M	2M	8M	17M	7M	5M
Return on Other Current Liabilities	3,815.02%	2,402.22%	1,489.34%	1,184.30%	-1,116.35%	12,272.17%	289.26%	387.69%	178.32%	408.34%	604.28%	499.86%	1,070.97%	298.91%	470.25%	283.61%	508.48%	51.03%	1,557.64%	201.57%	44.56%	68.74%	114.99%
Total Current Liabilities	282M	253M	178M	134M	316M	305M	224M	219M	199M	135M	113M	116M	74M	76M	48M	47M	44M	69M	24M	34M	35M	27M	17M
Return on Total Current Liabilities	28.48%	27.55%	36.44%	39.21%	35.36%	25.12%	24.95%	28.99%	23.34%	41.81%	53.08%	50.16%	55.90%	25.69%	32.37%	23.50%	43.75%	26.48%	97.68%	44.78%	21.68%	16.97%	33.93%
Long-Term Debt	519M	427M	297M	234M	706M	453M	398M	317M	259M	244M	189M	134M	124M	145M	174M	165M	85M	99M	10M	17M	23M	19M	7M
Return on Long-Term Debt	15.58%	16.94%	22.99%	34.79%	15.81%	16.94%	14.00%	20.00%	17.95%	23.17%	31.79%	43.37%	33.44%	13.39%	8.93%	6.71%	22.60%	18.44%	235.33%	90.21%	33.58%	24.54%	78.98%
Capital Lease Obligations	232M	197M	114M	76M	233M	259M	203M	149M	142M	149M	1M	1M	0M	0M	0M	0M	0M	3M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	35.01%	36.04%	945.18%	670.95%	47.90%	29.60%	27.53%	42.46%	32.70%	37.95%	4,886.31%	4,347.36%	0.00%	0.00%	0.00%	0.00%	0.00%	612.47%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	71M	74M	53M	40M	135M	0M	77M	79M	81M	81M	76M	0M	0M	0M	0M	0M	42M	21M	6M	2M	0M	0M	1M
Return on Deferred Tax Liabilities	51.51%	58.53%	44.17%	64.45%	82.37%	0.00%	72.16%	80.67%	57.45%	69.75%	79.27%	0.00%	0.00%	0.00%	0.00%	0.00%	45.57%	88.63%	390.89%	631.20%	6,982.03%	0.00%	971.03%
Other Non-Current Liabilities	103M	71M	59M	53M	55M	203M	52M	24M	19M	19M	12M	79M	68M	60M	74M	64M	15M	28M	17M	20M	26M	27M	15M
Return on Other Non-Current Liabilities	116.12%	171.22%	180.83%	145.20%	203.51%	37.79%	107.06%	259.78%	247.96%	300.31%	485.02%	73.60%	60.69%	32.60%	20.87%	17.43%	128.44%	65.84%	137.16%	74.36%	28.78%	16.90%	39.36%
Total Non-Current Liabilities	880M	734M	503M	389M	1,077M	866M	698M	546M	482M	469M	278M	214M	192M	205M	248M	229M	143M	148M	33M	42M	49M	46M	23M
Return on Total Non-Current Liabilities	9.07%	9.69%	14.03%	16.54%	10.36%	8.86%	7.98%	11.62%	9.65%	12.06%	21.59%	27.13%	21.56%	9.49%	6.26%	4.84%	13.52%	12.28%	70.93%	36.16%	15.46%	9.91%	25.58%
Total Liabilities	1,162M	986M	680M	523M	1,392M	1,172M	922M	764M	682M	605M	391M	330M	266M	281M	296M	276M	187M	217M	57M	76M	84M	73M	40M
Return on Total Liabilities	6.87%	7.15%	10.05%	11.31%	8.02%	6.55%	6.05%	8.29%	6.83%	9.36%	15.35%	17.61%	15.56%	6.93%	5.24%	4.02%	10.33%	8.39%	41.09%	20.03%	9.03%	6.26%	14.58%
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
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%
Common Stock	434M	364M	310M	283M	496M	496M	311M	260M	259M	258M	257M	256M	254M	250M	250M	250M	250M	250M	151M	136M	17M	13M	7M
Return on Common Stock	18.65%	19.65%	19.03%	15.44%	22.52%	15.49%	17.93%	24.35%	17.94%	21.90%	23.37%	22.68%	16.33%	7.78%	6.22%	4.43%	7.73%	7.30%	15.62%	11.14%	44.43%	35.94%	79.41%
Retained Earnings	85M	66M	46M	42M	115M	72M	69M	46M	31M	36M	39M	37M	13M	2M	34M	54M	0M	45M	32M	15M	9M	2M	8M
Return on Retained Earnings	94.93%	115.02%	236.12%	169.47%	97.39%	106.59%	80.80%	138.86%	151.47%	157.92%	152.59%	156.98%	321.58%	997.06%	45.94%	20.34%	0.00%	40.43%	74.11%	98.98%	82.34%	205.21%	73.77%
Accumulated OCI	275M	172M	95M	69M	357M	360M	109M	33M	0M	24M	21M	-1M	0M	48M	35M	56M	0M	0M	0M	16M	2M	0M	0M
Return on Accumulated OCI	34.55%	59.42%	-584.21%	-385.20%	31.30%	21.30%	51.04%	193.47%	0.00%	231.44%	292.09%	-6,703.28%	0.00%	40.52%	44.41%	19.77%	0.00%	0.00%	0.00%	94.39%	443.62%	0.00%	0.00%
Minority Interest	8M	5M	3M	2M	16M	5M	4M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	1M
Return on Minority Interest	1,275.94%	1,526.27%	763.14%	508.76%	718.46%	1,534.30%	1,575.06%	3,803.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3,598.80%	543.01%	419.76%
Total Shareholders’ Equity	788M	603M	454M	394M	958M	921M	486M	334M	317M	319M	317M	309M	278M	300M	285M	306M	309M	296M	183M	152M	27M	18M	18M
Return on Total Shareholders’ Equity	10.49%	13.02%	14.20%	11.75%	11.65%	8.34%	11.48%	18.96%	14.68%	17.76%	18.95%	18.79%	14.90%	6.48%	5.45%	3.62%	6.25%	6.17%	12.85%	9.96%	27.85%	26.18%	32.68%
Total Equity	796M	608M	456M	396M	973M	926M	489M	336M	317M	319M	317M	309M	278M	300M	285M	306M	309M	296M	183M	152M	28M	18M	19M
Return on Total Equity	10.38%	12.94%	14.16%	11.73%	11.46%	8.29%	11.40%	18.87%	14.68%	17.76%	18.95%	18.79%	14.90%	6.48%	5.45%	3.62%	6.25%	6.17%	12.85%	9.96%	27.64%	24.98%	30.32%
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
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%
Total Investments	144M	118M	95M	63M	34M	163M	234M	138M	19M	144M	137M	61M	17M	1M	1M	1M	0M	0M	0M	0M	0M	0M	2M
Return on Total Investments	133.95%	138.96%	252.50%	8,252.11%	331.05%	46.97%	23.83%	45.84%	247.11%	39.27%	43.98%	94.82%	246.03%	1,406.12%	1,108.41%	783.28%	43,328.46%	23,190.55%	52,845.93%	33,974.39%	7,858.05%	13,986.19%	305.33%
Net Debt	800M	682M	437M	303M	973M	764M	663M	528M	482M	429M	219M	131M	94M	86M	97M	81M	69M	19M	-82M	-72M	29M	20M	4M
Return on Net Debt	9.98%	10.32%	20.31%	21.97%	11.47%	10.04%	8.41%	12.00%	9.66%	13.18%	27.39%	44.24%	44.14%	22.59%	16.08%	13.75%	28.10%	97.25%	-28.70%	-21.13%	26.36%	23.04%	145.76%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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
Net Income	81M	71M	59M	45M	112M	77M	56M	63M	47M	57M	60M	58M	41M	19M	16M	11M	19M	18M	24M	15M	8M	5M	6M
Working Capital	296M	225M	174M	154M	477M	202M	210M	97M	140M	134M	147M	114M	95M	129M	136M	144M	76M	89M	118M	97M	-6M	-2M	3M
Return on Working Capital	29.32%	37.33%	37.96%	30.97%	23.40%	37.94%	26.61%	65.33%	33.35%	42.31%	40.96%	51.06%	43.65%	15.02%	11.40%	7.70%	25.42%	20.38%	19.99%	15.68%	-120.21%	-255.14%	172.17%
Total Capital	1,592M	1,290M	915M	742M	1,934M	1,689M	1,152M	868M	804M	750M	546M	501M	429M	479M	473M	484M	410M	402M	200M	176M	59M	43M	27M
Return on Total Capital	5.05%	5.65%	7.21%	6.58%	5.77%	4.54%	4.84%	7.30%	5.79%	7.55%	10.99%	11.58%	9.66%	4.06%	3.29%	2.29%	4.70%	4.53%	11.79%	8.61%	12.78%	10.73%	21.74%
Capital Employed	1,677M	1,342M	959M	785M	2,050M	1,792M	1,188M	881M	799M	788M	595M	523M	470M	505M	533M	534M	452M	444M	216M	194M	77M	65M	42M
Return on Capital Employed	4.81%	5.49%	6.85%	6.18%	5.44%	4.28%	4.70%	7.19%	5.82%	7.18%	10.09%	11.10%	8.81%	3.85%	2.91%	2.07%	4.27%	4.11%	10.88%	7.81%	9.92%	7.10%	13.87%
Invested Capital	1,588M	1,285M	891M	698M	1,931M	1,685M	1,149M	862M	799M	748M	536M	440M	372M	386M	382M	386M	378M	314M	101M	80M	56M	37M	22M
Return on Invested Capital	5.06%	5.67%	7.65%	7.84%	5.78%	4.56%	4.85%	7.35%	5.82%	7.56%	11.20%	13.19%	11.14%	5.04%	4.07%	2.87%	5.11%	5.80%	23.27%	18.85%	13.54%	12.26%	26.70%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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
Net Income	81M	71M	59M	45M	109M	111M	112M	77M	56M	63M	47M	57M	60M	58M	41M	19M	16M	11M	19M	18M	24M	15M	8M	5M	6M
Depreciation & Amortization	115M	96M	65M	48M	157M	139M	141M	122M	82M	71M	65M	58M	34M	26M	26M	22M	21M	20M	18M	11M	6M	6M	9M	5M	4M
Return on Depreciation & Amortization	69.79%	74.19%	111.32%	127.81%	69.34%	79.90%	79.00%	62.74%	67.62%	89.89%	71.68%	97.46%	175.17%	224.60%	157.38%	87.66%	75.14%	56.22%	106.31%	171.97%	394.28%	270.70%	84.10%	98.56%	135.91%
Deferred Income Tax	3M	2M	1M	1M	0M	5M	0M	6M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Income Tax	1,031.15%	618.69%	309.34%	206.23%	0.00%	2,304.77%	0.00%	1,197.46%	1,895.99%	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%
Stock-Based Compensation	3M	3M	2M	1M	5M	4M	4M	3M	3M	2M	1M	1M	2M	2M	1M	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	2,341.11%	3,000.68%	3,861.18%	3,489.08%	2,159.02%	2,935.69%	2,818.07%	2,321.58%	1,883.69%	3,355.96%	4,624.10%	5,377.36%	3,977.75%	3,767.10%	4,941.65%	5,544.58%	-4,585.89%	1,562.16%	5,869.38%	0.00%	10,878.74%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-45M	-32M	-23M	-23M	-42M	-61M	-36M	-62M	-37M	-1M	-23M	-26M	-1M	-26M	-2M	-14M	-17M	-25M	-43M	-16M	-17M	-17M	-3M	1M	2M
Return on Change in Working Capital	-195.23%	-1,116.23%	-1,259.98%	-868.58%	-259.31%	-183.36%	-310.11%	-124.53%	-151.05%	-4,794.16%	-201.29%	-216.96%	-4,089.10%	-221.37%	-2,349.03%	-142.16%	-90.81%	-43.74%	-45.10%	-113.20%	-136.09%	-88.16%	-278.00%	340.12%	236.83%
Accounts Receivable	-39M	-32M	-24M	-18M	-48M	-49M	-34M	-55M	-29M	-16M	-27M	-16M	-12M	-24M	-11M	-14M	-13M	-21M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	-220.37%	-246.21%	-285.15%	-201.76%	-226.26%	-225.77%	-329.89%	-139.38%	-191.83%	-397.95%	-172.00%	-354.16%	-510.71%	-238.50%	-376.16%	-140.91%	-123.11%	-51.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	-2M	-3M	-2M	-1M	-2M	-1M	-4M	1M	-4M	0M	-6M	-1M	-1M	2M	-3M	-1M	0M	0M	0M	-1M	0M	0M	0M	0M	0M
Return on Inventory	2,951.72%	7,894.43%	2,429.89%	2,119.85%	-4,473.10%	-15,167.61%	-3,106.65%	13,246.58%	-1,284.77%	31,439.89%	-822.91%	-7,231.23%	-6,607.91%	3,170.98%	-1,394.56%	-3,110.49%	3,462.55%	12,503.68%	-6,196.98%	-2,270.40%	0.00%	4,607.33%	-1,677.14%	-1,769.04%	1,225.65%
Accounts Payable	6M	9M	6M	4M	12M	5M	14M	3M	1M	15M	10M	-2M	8M	1M	5M	0M	0M	0M	0M	0M	0M	-1M	0M	0M	0M
Return on Accounts Payable	2,456.02%	1,651.17%	652.51%	-298.84%	937.46%	2,438.42%	778.48%	2,421.34%	4,168.24%	419.33%	468.48%	-2,877.97%	729.40%	6,315.11%	794.90%	-6,692.21%	0.00%	0.00%	0.00%	0.00%	-11,007.71%	-1,317.63%	0.00%	0.00%	0.00%
Other Working Capital	-9M	-6M	-3M	-8M	-3M	-15M	-13M	-10M	-5M	-1M	0M	-7M	3M	-5M	7M	1M	-5M	-4M	-42M	-15M	-17M	-16M	-2M	2M	2M
Return on Other Working Capital	-919.85%	-5,063.34%	-2,284.80%	-1,582.68%	-3,573.10%	-730.71%	-865.06%	-743.83%	-1,150.67%	-8,910.77%	-13,646.36%	-769.37%	2,024.95%	-1,253.00%	591.08%	1,874.99%	-314.65%	-275.11%	-45.43%	-119.14%	-137.79%	-92.58%	-333.24%	285.27%	293.56%
Other Non-Cash Items	105M	79M	58M	46M	154M	127M	131M	114M	71M	50M	28M	43M	33M	37M	31M	38M	33M	32M	35M	14M	8M	1M	-1M	4M	0M
Return on Other Non-Cash Items	76.94%	105.05%	118.34%	116.44%	70.62%	87.59%	85.14%	67.60%	78.08%	127.35%	167.06%	131.40%	183.82%	158.29%	134.10%	50.54%	47.13%	34.83%	54.73%	132.97%	293.61%	1,908.15%	-960.89%	120.34%	1,581.09%
Net Cash from Operating Activities	263M	218M	161M	119M	379M	324M	350M	261M	179M	185M	117M	133M	127M	96M	98M	67M	52M	38M	30M	26M	20M	4M	13M	14M	13M
Return on Net Cash from Operating Activities	30.85%	33.32%	38.86%	46.38%	28.71%	34.26%	31.92%	29.44%	31.19%	34.35%	39.71%	42.65%	47.27%	60.54%	42.39%	29.12%	30.03%	29.17%	63.80%	68.96%	115.13%	347.79%	57.96%	31.85%	45.02%
Capital Expenditures (PPE)	-79M	-69M	-55M	-45M	-99M	-77M	-88M	-75M	-75M	-75M	-34M	-38M	-59M	-54M	-33M	-20M	-21M	-27M	-29M	-33M	-9M	-5M	-11M	-4M	-5M
Return on Capital Expenditures (PPE)	-101.06%	-104.93%	-110.54%	-106.70%	-110.19%	-143.54%	-126.24%	-102.40%	-74.54%	-84.67%	-136.82%	-150.26%	-101.61%	-108.47%	-124.33%	-96.10%	-72.75%	-41.30%	-65.45%	-54.62%	-260.95%	-308.14%	-70.80%	-120.46%	-126.59%
Acquisitions (Net)	-31M	-37M	-24M	-25M	-28M	-34M	-28M	9M	-73M	-79M	-15M	-44M	-10M	0M	-1M	-2M	-1M	-3M	-38M	-83M	-9M	-8M	0M	0M	0M
Return on Acquisitions (Net)	123.35%	-3.94%	-6,071.72%	-4,250.16%	-391.90%	-327.58%	-396.07%	843.03%	-76.91%	-80.72%	-309.01%	-129.92%	-596.97%	-54,806.50%	-4,010.33%	-1,153.85%	-2,345.60%	-345.97%	-50.99%	-21.86%	-270.76%	-193.26%	0.00%	0.00%	0.00%
Purchases of Investments	-37M	-31M	-31M	-21M	-98M	-237M	0M	-4M	-106M	-1M	-42M	-17M	-76M	-47M	-14M	-2M	0M	0M	0M	0M	0M	0M	-6M	0M	-2M
Return on Purchases of Investments	-742.22%	-2,468.55%	-1,401.55%	-934.37%	-110.99%	-46.83%	0.00%	-2,174.12%	-52.53%	-10,006.46%	-109.63%	-328.12%	-79.07%	-123.31%	-298.21%	-844.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-122.11%	0.00%	-305.33%
Sales / Maturities of Investments	23M	23M	14M	10M	0M	9M	0M	70M	0M	46M	0M	0M	2M	9M	18M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	36.79%	43,236.19%	43,544.98%	29,029.99%	0.00%	1,265.04%	0.00%	110.37%	0.00%	136.94%	215,933.61%	150,877.78%	2,860.22%	633.88%	232.53%	64,664.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	-84M	-51M	-23M	-15M	46M	-3M	-256M	0M	3M	1M	0M	0M	-3M	-3M	15M	13M	0M	0M	0M	0M	-2M	-2M	-4M	-13M	0M
Return on Other Investing Activities	9,938.01%	5,311.35%	7,550.69%	7,210.60%	237.45%	-3,573.68%	-43.61%	27,823.90%	2,033.74%	10,252.74%	-13,510.04%	52,667.28%	-2,063.12%	-2,087.63%	281.39%	152.29%	7,566.31%	5,588.94%	20,777.39%	0.00%	-1,280.55%	-895.31%	-197.13%	-36.31%	-1,610.43%
Net Cash from Investing Activities	-208M	-164M	-119M	-96M	-179M	-343M	-372M	0M	-251M	-107M	-92M	-98M	-146M	-94M	-16M	-11M	-22M	-30M	-67M	-117M	-20M	-14M	-21M	-16M	-7M
Return on Net Cash from Investing Activities	5,836.42%	3,479.88%	1,680.52%	1,102.14%	-60.88%	-32.40%	-29.96%	17,561.46%	-22.24%	-59.17%	-50.67%	-57.56%	-41.15%	-61.54%	-263.75%	-170.20%	-71.22%	-37.14%	-28.70%	-15.61%	-120.39%	-104.86%	-36.51%	-27.90%	-84.78%
Net Debt Issuance	90M	66M	42M	33M	54M	209M	235M	-35M	69M	-2M	62M	55M	37M	41M	-28M	-10M	9M	76M	-6M	3M	-6M	-8M	0M	8M	-3M
Return on Net Debt Issuance	-29.49%	-677.19%	-332.41%	-214.01%	200.58%	53.07%	47.43%	-216.98%	81.07%	-3,372.46%	74.98%	102.65%	164.33%	140.23%	-145.45%	-199.88%	170.48%	14.60%	-307.55%	613.63%	-377.16%	-178.27%	0.00%	57.43%	-182.76%
Long-Term Debt Issuance	90M	73M	46M	41M	54M	10M	235M	-35M	69M	33M	62M	55M	37M	41M	-28M	-10M	9M	76M	-6M	85M	-6M	-8M	4M	8M	-3M
Return on Long-Term Debt Issuance	-29.49%	35.59%	23.98%	-15.89%	200.58%	1,103.15%	47.43%	-216.98%	81.07%	191.46%	74.98%	102.65%	164.33%	140.23%	-145.45%	-199.88%	170.48%	14.60%	-307.55%	21.42%	-377.16%	-178.27%	202.90%	57.43%	-182.76%
Short-Term Debt Issuance	0M	-7M	-3M	-8M	0M	199M	0M	0M	0M	-35M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-82M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	0.00%	-36.24%	-18.12%	-13.56%	0.00%	55.77%	0.00%	0.00%	0.00%	-181.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-22.19%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	49M	29M	15M	11M	-4M	-4M	-4M	-4M	153M	-4M	1M	1M	1M	2M	4M	0M	0M	0M	0M	0M	15M	123M	4M	0M	0M
Return on Net Stock Issuance	-1,698.77%	-435.20%	1,174.40%	1,231.30%	-2,870.78%	-2,942.45%	-2,946.08%	-2,186.57%	36.33%	-1,409.29%	4,329.59%	4,379.71%	5,998.28%	2,437.23%	1,104.75%	0.00%	0.00%	0.00%	6,567.34%	0.00%	158.14%	12.32%	174.84%	0.00%	0.00%
Common Stock Issuance	51M	31M	16M	12M	0M	0M	0M	0M	153M	1M	1M	1M	1M	2M	4M	0M	0M	0M	0M	0M	15M	123M	4M	0M	0M
Return on Common Stock Issuance	127,266.77%	78,611.82%	40,697.91%	27,580.30%	0.00%	958,640.63%	0.00%	381,763.96%	36.33%	6,929.23%	4,329.59%	4,379.71%	5,998.28%	2,437.23%	1,104.75%	0.00%	0.00%	0.00%	6,567.34%	0.00%	158.14%	12.32%	174.84%	0.00%	0.00%
Common Stock Repurchased	-2M	-2M	-1M	-1M	0M	-7M	-4M	-4M	0M	-4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	-1,706.73%	-1,305.90%	-652.95%	-435.30%	0.00%	-1,518.41%	-2,946.08%	-2,174.12%	0.00%	-1,409.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	-1,385.85%	-692.92%	-461.95%	0.00%	0.00%	0.00%	0.00%	0.00%	-6,929.23%	0.00%	0.00%	0.00%	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	-72M	-62M	-52M	-39M	-94M	-55M	-62M	-92M	-61M	-54M	-41M	-56M	-55M	-24M	-70M	-3M	-36M	-15M	-6M	-5M	0M	0M	0M	0M	-4M
Return on Net Dividends Paid	-117.95%	-116.85%	-176.34%	-171.37%	-116.28%	-201.80%	-179.45%	-83.07%	-91.31%	-118.16%	-112.24%	-101.58%	-109.36%	-246.49%	-59.51%	-662.24%	-42.90%	-72.73%	-314.82%	-376.74%	0.00%	0.00%	0.00%	0.00%	-150.67%
Common Dividends Paid	-72M	-62M	-52M	-39M	-94M	-55M	-62M	-92M	-61M	-54M	-41M	-56M	-55M	-24M	-70M	-3M	-36M	-15M	-6M	-5M	0M	0M	-2M	-6M	-4M
Return on Common Dividends Paid	-117.95%	-116.85%	-176.34%	-171.37%	-116.28%	-201.80%	-179.45%	-83.07%	-91.31%	-118.16%	-112.24%	-101.58%	-109.36%	-246.49%	-59.51%	-662.24%	-42.90%	-72.73%	-314.82%	-376.74%	0.00%	0.00%	-329.97%	-81.53%	-150.67%
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
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%
Other Financing Activities	-123M	-86M	-55M	-33M	-157M	-120M	-147M	-129M	-92M	-16M	-44M	-43M	-15M	-20M	-24M	-22M	-9M	-4M	-6M	82M	-7M	-12M	1M	-6M	0M
Return on Other Financing Activities	-65.38%	-137.99%	-177.33%	-192.29%	-69.15%	-92.79%	-76.17%	-59.49%	-60.47%	-387.00%	-106.84%	-130.19%	-404.52%	-289.98%	-172.07%	-86.55%	-170.79%	-298.17%	-313.55%	22.29%	-350.89%	-126.21%	563.10%	-82.24%	-4,080.30%
Net Cash from Financing Activities	-56M	-53M	-50M	-27M	-200M	31M	23M	-260M	69M	-76M	-22M	-43M	-32M	0M	-118M	-35M	-36M	57M	-18M	80M	2M	102M	6M	2M	-7M
Return on Net Cash from Financing Activities	180.11%	48.92%	2,742.74%	1,902.50%	-54.27%	361.16%	488.99%	-29.49%	80.84%	-82.97%	-212.77%	-132.36%	-186.41%	27,591.91%	-34.98%	-55.35%	-42.92%	19.46%	-105.65%	22.81%	1,216.44%	14.79%	133.42%	190.37%	-80.95%
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
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%
Net Change in Cash	-1M	0M	-7M	-5M	0M	0M	0M	1M	-3M	1M	3M	-8M	-51M	4M	-36M	20M	-6M	65M	-55M	-10M	3M	92M	-2M	0M	-1M
Return on Net Change in Cash	-153,193.74%	-90,385.10%	-45,137.25%	-30,065.40%	-63,536.93%	-41,370.87%	-466,796.97%	9,085.72%	-1,869.96%	6,318.63%	1,337.09%	-675.06%	-117.53%	1,363.17%	-113.78%	96.16%	-247.49%	17.02%	-34.92%	-175.21%	832.11%	16.41%	-378.99%	1,240.32%	-516.27%
Cash at Beginning of Period	4M	4M	33M	50M	9M	25M	4M	3M	6M	5M	2M	10M	61M	57M	93M	92M	98M	33M	88M	98M	96M	3M	5M	5M	6M
Return on Cash at Beginning of Period	2,059.93%	2,057.46%	1,111.89%	748.91%	1,215.68%	445.07%	2,811.00%	2,455.71%	913.08%	1,241.58%	2,865.95%	565.47%	98.29%	102.16%	44.43%	21.24%	15.89%	33.82%	21.93%	18.52%	24.63%	454.20%	142.37%	92.28%	95.42%
Cash at End of Period	4M	4M	26M	45M	9M	25M	4M	4M	3M	6M	5M	2M	10M	61M	57M	113M	92M	98M	33M	88M	98M	96M	3M	5M	5M
Return on Cash at End of Period	2,181.86%	1,699.00%	1,276.38%	859.71%	1,239.39%	449.91%	2,828.03%	1,933.20%	1,784.35%	1,037.68%	911.73%	3,483.35%	600.36%	95.04%	72.89%	17.19%	16.98%	11.32%	58.95%	20.71%	23.92%	15.83%	228.04%	85.89%	117.06%
Operating Cash Flow	263M	218M	161M	118M	379M	309M	350M	261M	179M	185M	117M	133M	127M	96M	98M	67M	52M	38M	30M	22M	20M	4M	13M	14M	13M
Return on Operating Cash Flow	30.85%	33.32%	38.86%	47.24%	28.71%	35.97%	31.92%	29.44%	31.19%	34.35%	39.71%	42.65%	47.27%	60.54%	42.39%	29.12%	30.03%	29.17%	63.80%	81.89%	115.13%	347.79%	57.96%	31.85%	45.02%
Capital Expenditure	-79M	-69M	-55M	-45M	-99M	-77M	-88M	-75M	-75M	-75M	-34M	-38M	-59M	-54M	-33M	-20M	-21M	-27M	-29M	-35M	-11M	-7M	-15M	-16M	-5M
Return on Capital Expenditure	-101.06%	-104.93%	-110.54%	-103.62%	-110.19%	-143.54%	-126.24%	-102.40%	-74.54%	-84.67%	-136.82%	-150.26%	-101.61%	-108.47%	-124.33%	-96.10%	-72.75%	-41.30%	-65.45%	-52.55%	-216.78%	-229.24%	-52.09%	-27.90%	-117.36%
Free Cash Flow	184M	149M	106M	74M	280M	232M	261M	186M	104M	110M	83M	95M	68M	42M	64M	47M	30M	11M	1M	-7M	10M	-2M	-1M	-2M	8M
Return on Free Cash Flow	45.89%	50.29%	64.25%	220.54%	38.82%	48.00%	42.72%	41.32%	53.64%	57.80%	55.94%	59.55%	88.39%	137.01%	64.33%	41.78%	51.15%	99.37%	2,532.38%	-262.85%	245.52%	-672.54%	-514.24%	-224.88%	73.03%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y 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
Net Income	81M	70M	59M	45M	105M	110M	109M	77M	56M	64M	47M	57M	60M	58M	41M	19M	16M	11M	19M	18M	24M	15M	8M	5M	6M
EBITDA	306M	253M	186M	141M	414M	374M	381M	306M	230M	196M	153M	162M	131M	119M	104M	78M	68M	55M	56M	39M	37M	31M	28M	17M	15M
Return on EBITDA	26.02%	28.17%	33.51%	34.93%	25.31%	29.55%	28.68%	25.09%	24.29%	32.42%	30.36%	34.82%	45.81%	48.95%	39.80%	24.88%	22.98%	19.96%	34.39%	47.07%	64.49%	48.09%	27.32%	27.43%	37.66%
(-) Tax Adjustment	69M	60M	46M	37M	95M	83M	89M	64M	55M	57M	38M	43M	35M	30M	23M	30M	27M	25M	18M	9M	12M	11M	10M	12M	5M
Return on (-) Tax Adjustment	115.30%	116.13%	132.36%	127.91%	109.98%	132.96%	123.41%	120.65%	101.85%	111.22%	123.50%	130.32%	172.86%	195.41%	178.51%	65.88%	57.10%	44.36%	108.74%	192.00%	192.87%	140.46%	78.21%	39.21%	116.35%
(-) Change In Working Capital	-45M	-32M	-23M	-23M	-42M	-61M	-36M	-62M	-37M	-1M	-23M	-26M	-1M	-26M	-2M	-14M	-17M	-25M	-43M	-16M	-17M	-17M	-3M	1M	2M
Return on (-) Change In Working Capital	-193.26%	-1,119.34%	-1,261.53%	-869.62%	-250.10%	-182.16%	-303.81%	-124.53%	-151.45%	-4,815.60%	-201.29%	-216.96%	-4,089.10%	-221.37%	-2,349.03%	-142.16%	-90.81%	-43.74%	-45.10%	-113.20%	-136.09%	-88.16%	-278.00%	340.12%	236.83%
(-) Capital Expenditure	-79M	-69M	-55M	-45M	-99M	-77M	-88M	-75M	-75M	-75M	-34M	-38M	-59M	-54M	-33M	-20M	-21M	-27M	-29M	-35M	-11M	-7M	-15M	-16M	-5M
Return on (-) Capital Expenditure	-100.27%	-104.53%	-110.34%	-103.48%	-106.28%	-142.60%	-123.67%	-102.40%	-74.74%	-85.05%	-136.82%	-150.26%	-101.61%	-108.47%	-124.33%	-96.10%	-72.75%	-41.30%	-65.45%	-52.55%	-216.78%	-229.24%	-52.09%	-27.90%	-117.36%
Unlevered Free Cash Flow	202M	155M	108M	82M	262M	274M	240M	229M	137M	66M	105M	107M	39M	62M	49M	42M	36M	29M	52M	11M	31M	31M	6M	-13M	3M
Return on Unlevered Free Cash Flow	39.91%	52.25%	69.34%	70.64%	40.00%	40.33%	45.52%	33.52%	40.68%	97.07%	44.45%	52.64%	155.10%	94.24%	83.98%	46.21%	42.98%	38.18%	37.35%	171.16%	76.59%	48.42%	121.73%	-35.94%	191.74%
(-) Net Interest Income After Taxes	-47M	-36M	-25M	-18M	-51M	-58M	-48M	-49M	-43M	-20M	-18M	-21M	-12M	-7M	-19M	-15M	-11M	-10M	-7M	3M	3M	-3M	-5M	-1M	-4M
Return on (-) Net Interest Income After Taxes	-171.23%	-220.51%	-309.66%	-147.41%	-206.48%	-191.37%	-229.23%	-155.85%	-128.62%	-325.36%	-263.49%	-267.44%	-509.62%	-871.09%	-217.07%	-128.86%	-135.68%	-108.07%	-282.97%	680.91%	731.36%	-598.27%	-141.82%	-395.82%	-164.92%
Net Debt Issuance	90M	66M	42M	33M	54M	209M	235M	-35M	69M	-2M	62M	55M	37M	41M	-28M	-10M	9M	76M	-6M	3M	-6M	-8M	0M	8M	-3M
Return on Net Debt Issuance	-29.74%	-680.36%	-333.99%	-215.06%	193.46%	52.73%	46.46%	-216.98%	81.29%	-3,387.54%	74.98%	102.65%	164.33%	140.23%	-145.45%	-199.88%	170.48%	14.60%	-307.55%	613.63%	-377.16%	-178.27%	0.00%	57.43%	-182.76%
Levered Free Cash Flow	339M	257M	175M	134M	367M	541M	523M	243M	250M	83M	184M	184M	87M	110M	40M	47M	57M	115M	52M	11M	21M	25M	12M	-4M	3M
Return on Levered Free Cash Flow	24.97%	35.32%	47.40%	55.01%	28.56%	20.41%	20.90%	31.61%	22.39%	76.45%	25.23%	30.79%	68.99%	52.94%	103.74%	40.98%	27.40%	9.62%	36.96%	166.57%	110.65%	59.82%	65.51%	-126.76%	172.20%