Rush Enterprises, Inc. (RUSHA)

Category: Company Returns Sector: Consumer Cyclical Industry: Auto - Dealerships Live Price: $61.53

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	348M	280M	196M	149M	121M	98M	83M	274M	307M	304M	347M	391M	241M	115M	142M	139M	172M	41M	66M	80M	49M	62M	55M	31M	6M	29M	51M	59M	45M	17M	9M	-2M	3M	3M	16M	11M	5M	6M	8M
Revenue	7,610M	6,539M	5,792M	4,880M	4,117M	3,468M	2,971M	7,672M	7,825M	7,805M	7,925M	7,102M	5,126M	4,736M	5,810M	5,506M	4,714M	4,215M	4,980M	4,727M	3,385M	3,091M	2,581M	1,498M	1,239M	1,655M	2,031M	2,351M	1,865M	1,095M	815M	757M	784M	897M	808M	613M	399M	344M	269M
Return on Revenue	4.60%	4.18%	3.18%	2.75%	2.54%	2.16%	2.13%	3.57%	3.93%	3.90%	4.38%	5.51%	4.71%	2.43%	2.44%	2.53%	3.65%	0.96%	1.33%	1.69%	1.45%	2.02%	2.14%	2.09%	0.47%	1.74%	2.54%	2.50%	2.39%	1.54%	1.08%	-0.23%	0.42%	0.37%	2.00%	1.76%	1.35%	1.80%	2.98%
Cost of Revenue	6,073M	5,223M	4,700M	3,983M	3,369M	2,838M	2,432M	6,180M	6,307M	6,273M	6,332M	5,615M	4,034M	3,860M	4,784M	4,528M	3,884M	3,497M	4,195M	3,971M	2,813M	2,590M	2,157M	1,213M	1,014M	1,358M	1,679M	1,998M	1,582M	910M	662M	616M	635M	738M	671M	508M	335M	289M	225M
Return on Cost of Revenue	5.77%	5.25%	3.95%	3.38%	3.12%	2.65%	2.60%	4.44%	4.87%	4.85%	5.48%	6.97%	5.98%	2.98%	2.96%	3.07%	4.43%	1.16%	1.57%	2.01%	1.75%	2.41%	2.56%	2.58%	0.58%	2.13%	3.07%	2.94%	2.82%	1.86%	1.33%	-0.28%	0.51%	0.45%	2.41%	2.13%	1.61%	2.14%	3.55%
Gross Profit	1,537M	1,316M	1,092M	897M	748M	630M	538M	1,491M	1,518M	1,531M	1,593M	1,487M	1,092M	875M	1,026M	978M	830M	718M	785M	756M	572M	501M	423M	285M	225M	297M	352M	353M	283M	185M	153M	141M	149M	159M	137M	105M	65M	55M	43M
Return on Gross Profit	22.65%	20.64%	16.60%	14.78%	14.06%	11.96%	11.98%	18.39%	20.26%	19.86%	21.79%	26.32%	22.10%	13.12%	13.80%	14.22%	20.74%	5.65%	8.41%	10.58%	8.60%	12.47%	13.04%	10.98%	2.61%	9.73%	14.63%	16.67%	15.79%	9.14%	5.76%	-1.24%	2.18%	2.09%	11.80%	10.33%	8.33%	11.36%	18.52%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on R&D Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	982M	868M	764M	637M	532M	451M	385M	1,007M	1,012M	996M	1,022M	928M	731M	665M	754M	705M	631M	588M	619M	574M	450M	362M	306M	227M	199M	228M	241M	230M	189M	142M	124M	112M	122M	124M	94M	76M	51M	41M	32M
Return on SG&A Expenses	35.57%	31.40%	24.03%	20.95%	20.02%	16.93%	16.86%	27.23%	30.38%	30.55%	33.97%	42.18%	33.01%	17.27%	18.78%	19.72%	27.28%	6.90%	10.67%	13.94%	10.93%	17.27%	18.03%	13.75%	2.95%	12.66%	21.40%	25.55%	23.65%	11.92%	7.11%	-1.56%	2.68%	2.68%	17.29%	14.25%	10.67%	15.27%	25.08%
Operating Expenses	1,043M	927M	820M	683M	570M	483M	413M	1,077M	1,042M	1,063M	1,081M	984M	785M	721M	809M	776M	681M	639M	663M	614M	480M	387M	326M	243M	216M	244M	256M	243M	199M	151M	133M	120M	133M	137M	102M	81M	54M	43M	34M
Return on Operating Expenses	33.50%	29.44%	22.42%	19.56%	18.74%	15.84%	15.78%	25.46%	29.50%	28.60%	32.11%	39.79%	30.77%	15.94%	17.50%	17.93%	25.27%	6.35%	9.96%	13.01%	10.25%	16.15%	16.96%	12.86%	2.72%	11.83%	20.15%	24.20%	22.41%	11.20%	6.63%	-1.45%	2.45%	2.42%	15.87%	13.40%	10.07%	14.42%	23.67%
Operating Income (EBIT)	496M	390M	272M	214M	178M	147M	125M	414M	475M	468M	512M	506M	309M	155M	216M	203M	149M	81M	121M	142M	92M	114M	97M	42M	9M	53M	96M	110M	84M	34M	20M	21M	16M	22M	35M	24M	11M	12M	9M
Return on Operating Income (EBIT)	70.01%	72.49%	71.69%	67.56%	64.59%	56.51%	56.35%	66.18%	64.67%	64.98%	67.73%	77.33%	78.12%	74.31%	65.43%	68.55%	115.75%	50.27%	54.47%	56.41%	53.64%	54.69%	56.72%	75.08%	63.17%	54.69%	53.38%	53.58%	53.42%	49.64%	43.89%	-8.35%	20.37%	15.39%	46.02%	45.00%	48.21%	53.45%	85.11%
Interest Income	1M	1M	1M	1M	1M	0M	0M	1M	0M	1M	1M	1M	1M	1M	2M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Income	44,000.11%	36,971.71%	24,272.62%	20,054.16%	15,640.19%	12,512.15%	10,426.79%	23,516.47%	0.00%	26,085.16%	44,666.02%	61,249.14%	36,745.05%	16,113.18%	8,427.56%	10,106.25%	19,318.63%	6,534.94%	13,480.20%	33,454.81%	0.00%	0.00%	0.00%	24,631.50%	10,896.30%	1,095.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	48M	32M	25M	20M	16M	13M	11M	54M	71M	72M	54M	20M	2M	10M	30M	21M	13M	15M	14M	11M	11M	13M	7M	5M	6M	10M	15M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Expense	1,016.34%	2,835.44%	1,735.13%	1,355.42%	1,053.58%	842.86%	702.39%	505.63%	435.46%	422.29%	646.36%	1,980.38%	9,947.05%	1,181.11%	464.40%	660.38%	1,303.91%	272.36%	473.06%	699.11%	460.27%	479.80%	771.02%	569.80%	102.35%	292.57%	345.38%	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 Interest Income	-48M	-31M	-24M	-19M	-16M	-13M	-11M	-53M	-71M	-71M	-53M	-19M	-2M	-9M	-29M	-20M	-12M	-14M	-13M	-11M	-11M	-13M	-7M	-5M	-6M	-7M	-15M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Interest Income	-1,043.88%	-3,609.09%	-2,141.62%	-1,628.31%	-1,263.63%	-1,010.90%	-842.42%	-516.74%	-435.46%	-429.24%	-655.85%	-2,046.55%	-13,639.27%	-1,274.54%	-491.49%	-706.54%	-1,398.29%	-284.21%	-490.26%	-714.03%	-460.27%	-479.80%	-771.02%	-583.29%	-103.32%	-399.24%	-345.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	87M	54M	44M	36M	31M	27M	23M	107M	140M	141M	103M	16M	-3M	12M	56M	39M	25M	29M	27M	22M	21M	26M	14M	11M	12M	15M	30M	16M	12M	5M	4M	6M	11M	16M	8M	6M	3M	3M	9M
Return on Unusual Items	1,003.89%	-882.76%	-271.99%	-81.05%	-3.15%	19.24%	45.32%	255.87%	219.62%	215.51%	336.17%	2,459.97%	-8,391.21%	965.76%	254.24%	353.27%	699.14%	142.10%	245.13%	357.01%	230.14%	239.90%	385.51%	291.65%	49.89%	193.47%	174.08%	375.29%	359.88%	317.61%	202.31%	-27.49%	30.83%	20.69%	197.51%	180.00%	216.00%	200.00%	85.11%
EBT Excluding Unusual Items	370M	313M	207M	161M	131M	106M	90M	253M	266M	257M	359M	493M	317M	140M	134M	144M	112M	38M	81M	108M	60M	75M	76M	26M	-9M	30M	52M	78M	59M	23M	11M	8M	-5M	-11M	19M	12M	6M	5M	-9M
Return on EBT Excluding Unusual Items	98.18%	90.59%	99.82%	95.52%	85.47%	69.72%	67.87%	108.34%	115.56%	118.49%	96.72%	79.32%	76.26%	82.16%	105.79%	96.70%	153.99%	107.10%	81.69%	73.93%	82.48%	83.11%	72.79%	122.30%	-68.59%	95.68%	98.60%	74.99%	75.97%	72.22%	77.54%	-21.26%	-63.41%	-31.59%	86.18%	90.00%	87.10%	114.81%	-85.11%
Pre-Tax Income	456M	367M	252M	197M	163M	133M	113M	360M	406M	398M	462M	509M	314M	152M	190M	183M	136M	66M	108M	131M	81M	101M	90M	36M	3M	45M	82M	94M	71M	29M	16M	15M	5M	6M	27M	18M	9M	9M	0M
Return on Pre-Tax Income	76.14%	76.22%	78.03%	74.09%	77.32%	70.78%	67.48%	76.11%	75.72%	76.46%	75.11%	76.84%	76.96%	75.72%	74.70%	75.92%	126.20%	61.07%	61.27%	61.25%	60.72%	61.72%	61.23%	86.17%	182.96%	64.02%	62.95%	62.50%	62.73%	58.84%	56.06%	-11.99%	60.01%	60.01%	60.00%	60.00%	62.07%	72.94%	0.00%
Income Tax Expense	108M	87M	56M	48M	42M	34M	29M	84M	98M	93M	114M	117M	72M	37M	48M	44M	-36M	26M	42M	51M	32M	39M	35M	12M	-3M	16M	30M	35M	27M	12M	6M	6M	2M	2M	11M	7M	3M	2M	1M
Return on Income Tax Expense	321.95%	322.36%	205.58%	196.94%	170.82%	158.91%	175.91%	327.89%	313.26%	327.59%	304.43%	333.82%	334.06%	311.89%	295.33%	315.28%	-481.75%	156.89%	158.21%	158.06%	154.56%	161.27%	157.91%	266.52%	-220.54%	177.94%	169.88%	166.66%	168.31%	146.16%	140.14%	-29.98%	150.05%	150.05%	150.00%	150.00%	163.64%	269.57%	571.43%
Depreciation and Amortization	219M	201M	182M	148M	119M	98M	83M	204M	189M	236M	221M	199M	169M	177M	175M	185M	158M	158M	145M	126M	93M	73M	57M	46M	41M	39M	36M	27M	21M	16M	16M	16M	16M	14M	8M	5M	3M	2M	2M
Return on Depreciation and Amortization	160.76%	137.90%	102.56%	92.79%	102.73%	90.05%	117.62%	134.67%	162.29%	128.82%	156.94%	196.53%	142.43%	64.78%	80.68%	75.12%	108.98%	25.75%	45.57%	63.23%	52.65%	85.22%	96.98%	68.12%	14.46%	74.96%	143.84%	217.13%	212.40%	106.24%	56.81%	-11.01%	20.19%	24.49%	192.91%	225.00%	180.00%	258.33%	421.05%
EBITDA	715M	592M	456M	363M	298M	246M	208M	617M	666M	706M	737M	703M	477M	339M	392M	389M	307M	245M	267M	265M	185M	188M	154M	88M	48M	87M	132M	137M	105M	50M	36M	37M	32M	35M	44M	29M	14M	14M	11M
Return on EBITDA	48.62%	46.08%	39.97%	37.41%	36.55%	32.18%	34.41%	44.47%	46.19%	43.08%	47.10%	55.69%	50.60%	33.91%	36.12%	35.72%	56.11%	16.57%	24.77%	30.19%	26.56%	33.31%	35.78%	35.66%	12.16%	33.02%	38.93%	42.97%	42.68%	33.83%	24.76%	-4.75%	10.14%	9.59%	37.16%	37.50%	38.03%	44.29%	70.80%
NOPAT	378M	298M	212M	161M	132M	109M	93M	318M	361M	359M	386M	390M	238M	117M	162M	154M	188M	49M	74M	87M	56M	70M	60M	28M	17M	34M	61M	69M	52M	20M	12M	13M	10M	13M	21M	14M	7M	8M	9M
Return on NOPAT	91.71%	94.95%	91.56%	92.55%	88.19%	78.63%	78.45%	86.18%	85.28%	84.76%	89.92%	100.45%	101.50%	98.14%	87.58%	90.30%	91.72%	82.31%	88.89%	92.10%	88.35%	88.60%	92.64%	110.94%	34.52%	85.43%	84.79%	85.72%	85.16%	83.09%	73.16%	-13.91%	33.94%	25.64%	76.70%	75.00%	77.68%	73.28%	85.11%
Owner's Earnings	218M	211M	113M	63M	47M	36M	28M	76M	155M	107M	199M	347M	244M	156M	24M	86M	120M	1M	-157M	-54M	-49M	-35M	-36M	-7M	-4M	-1M	22M	-30M	0M	-12M	6M	-2M	-1M	-24M	-36M	-16M	-2M	0M	4M
Return on Owner's Earnings	190.16%	148.63%	486.89%	256.78%	-1,340.50%	-1,079.48%	-699.26%	362.76%	198.52%	283.71%	174.12%	112.64%	99.05%	73.63%	600.59%	161.84%	143.25%	3,262.22%	-42.13%	-146.95%	-100.69%	-177.39%	-151.70%	-440.53%	-150.76%	-3,667.73%	233.82%	-194.37%	-26,882.53%	-144.25%	157.69%	71.95%	-248.63%	-13.81%	-45.18%	-67.92%	-300.00%	6,200.00%	222.22%

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	348M	280M	196M	149M	121M	98M	83M	304M	347M	391M	241M	115M	142M	139M	172M	41M	66M	80M	49M	62M	55M	31M	6M	29M	51M	59M	45M	17M	9M	-2M	3M	3M	16M	11M	5M	6M	8M
Cash & Cash Equivalents	204M	215M	166M	176M	171M	147M	125M	228M	184M	201M	148M	312M	182M	132M	125M	82M	65M	191M	217M	199M	208M	169M	149M	146M	187M	162M	133M	158M	34M	25M	20M	19M	20M	23M	20M	22M	2M
Return on Cash & Cash Equivalents	172.30%	143.33%	118.97%	88.71%	72.59%	60.61%	69.37%	133.32%	188.90%	194.67%	162.96%	36.82%	77.96%	105.57%	138.21%	49.47%	101.86%	41.76%	22.65%	31.42%	26.57%	18.51%	3.95%	19.72%	27.53%	36.39%	33.54%	10.69%	25.67%	-7.04%	16.43%	17.60%	80.81%	48.00%	27.27%	28.84%	380.95%
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	8M	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%	19.05%	15.24%	12.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	381.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	204M	215M	166M	176M	171M	147M	126M	228M	184M	201M	148M	312M	182M	132M	125M	82M	65M	191M	217M	199M	208M	169M	149M	154M	187M	162M	133M	158M	34M	25M	20M	19M	20M	23M	20M	22M	2M
Return on Cash & Short-Term Investments	172.30%	143.33%	118.97%	88.71%	72.54%	60.57%	69.33%	133.32%	188.90%	194.67%	162.96%	36.82%	77.96%	105.57%	138.21%	49.47%	101.86%	41.76%	22.65%	31.42%	26.57%	18.51%	3.95%	18.75%	27.53%	36.39%	33.54%	10.69%	25.67%	-7.04%	16.43%	17.60%	80.81%	48.00%	27.27%	28.84%	380.95%
Net Receivables	268M	218M	198M	166M	139M	116M	100M	355M	259M	191M	114M	172M	184M	204M	171M	166M	168M	178M	103M	90M	98M	44M	39M	55M	49M	74M	63M	30M	24M	25M	26M	20M	30M	20M	21M	23M	16M
Return on Net Receivables	141.52%	140.52%	101.24%	86.85%	81.25%	69.54%	64.99%	85.71%	133.82%	205.05%	211.43%	66.61%	77.07%	68.32%	100.59%	24.39%	39.41%	44.87%	47.65%	69.69%	56.25%	71.89%	15.14%	52.22%	105.56%	78.97%	70.31%	55.84%	36.05%	-6.99%	12.35%	16.34%	54.31%	55.38%	25.84%	26.84%	48.78%
Inventory	1,673M	1,379M	1,250M	1,066M	890M	742M	632M	1,788M	1,801M	1,429M	1,020M	858M	1,326M	1,340M	1,033M	840M	1,061M	1,024M	802M	691M	650M	322M	270M	362M	366M	485M	338M	190M	137M	115M	114M	177M	174M	107M	67M	37M	37M
Return on Inventory	21.22%	20.14%	14.95%	12.71%	12.01%	10.35%	10.84%	17.01%	19.27%	27.38%	23.66%	13.39%	10.68%	10.38%	16.66%	4.83%	6.22%	7.81%	6.14%	9.04%	8.50%	9.72%	2.18%	7.97%	14.07%	12.13%	13.19%	8.91%	6.42%	-1.51%	2.85%	1.87%	9.31%	10.08%	8.08%	16.89%	21.92%
Other Current Assets	22M	21M	18M	17M	15M	13M	11M	19M	16M	30M	26M	15M	21M	2M	34M	14M	0M	5M	16M	15M	12M	24M	15M	7M	9M	10M	6M	3M	12M	21M	2M	2M	1M	1M	0M	2M	0M
Return on Other Current Assets	1,706.08%	1,363.48%	1,441.02%	1,153.30%	987.67%	831.45%	988.76%	1,604.35%	2,199.47%	1,314.42%	928.41%	770.74%	669.52%	6,128.78%	503.71%	290.81%	0.00%	1,582.37%	302.37%	426.90%	449.40%	128.28%	39.06%	428.90%	590.03%	610.83%	784.96%	571.10%	75.55%	-8.17%	216.31%	178.09%	2,196.47%	1,800.00%	1,800.00%	413.33%	2,666.67%
Total Current Assets	2,173M	1,840M	1,641M	1,437M	1,225M	1,026M	876M	2,390M	2,260M	1,868M	1,324M	1,358M	1,713M	1,688M	1,375M	1,111M	1,327M	1,446M	1,153M	1,006M	980M	559M	473M	582M	610M	730M	540M	381M	209M	188M	163M	220M	224M	150M	108M	83M	55M
Return on Total Current Assets	16.35%	15.15%	11.34%	9.37%	8.58%	7.31%	7.47%	12.73%	15.35%	20.95%	18.23%	8.46%	8.27%	8.24%	12.52%	3.65%	4.98%	5.53%	4.27%	6.21%	5.63%	5.60%	1.24%	4.96%	8.43%	8.05%	8.26%	4.44%	4.22%	-0.93%	2.00%	1.51%	7.21%	7.21%	5.01%	7.49%	14.47%
Property, Plant & Equipment	1,602M	1,484M	1,341M	1,109M	905M	749M	632M	1,727M	1,608M	1,471M	1,347M	1,264M	1,337M	1,184M	1,160M	1,136M	1,173M	923M	740M	622M	500M	446M	355M	332M	299M	279M	196M	139M	114M	118M	132M	131M	103M	54M	34M	23M	18M
Return on Property, Plant & Equipment	21.93%	18.56%	13.92%	12.17%	12.70%	11.10%	13.36%	17.61%	21.58%	26.60%	17.92%	9.09%	10.59%	11.74%	14.84%	3.57%	5.63%	8.66%	6.65%	10.04%	11.05%	7.02%	1.66%	8.69%	17.22%	21.09%	22.75%	12.17%	7.71%	-1.48%	2.47%	2.55%	15.63%	19.85%	15.79%	26.72%	45.45%
Goodwill	422M	385M	338M	293M	245M	196M	164M	427M	421M	416M	370M	292M	292M	291M	291M	290M	285M	265M	215M	198M	183M	150M	141M	142M	121M	117M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	82.55%	70.43%	54.46%	45.34%	39.88%	31.90%	26.58%	71.15%	82.49%	94.00%	65.19%	39.33%	48.46%	47.72%	59.07%	13.98%	23.17%	30.16%	22.84%	31.50%	30.24%	20.80%	4.18%	20.34%	42.70%	50.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	12M	13M	30M	30M	23M	18M	15M	12M	12M	12M	14M	14M	16M	38M	58M	59M	61M	54M	53M	49M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Intangible Assets	2,846.05%	2,214.19%	1,280.29%	878.29%	658.72%	526.97%	439.15%	2,534.61%	2,821.59%	3,181.97%	1,712.16%	820.62%	890.46%	366.32%	298.42%	68.35%	108.45%	149.12%	93.56%	128.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	4M	11M	-7M	-2M	-3M	-2M	-2M	5M	8M	0M	0M	41M	35M	-179M	6M	6M	7M	7M	7M	7M	7M	8M	8M	-7M	-7M	-7M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Investments	3,534.32%	2,176.36%	1,555.45%	1,309.56%	888.76%	711.01%	592.51%	6,471.34%	4,131.61%	0.00%	0.00%	278.85%	405.68%	-77.57%	2,700.06%	651.29%	993.28%	1,157.96%	742.56%	942.29%	833.03%	412.96%	77.68%	-428.90%	-732.67%	-784.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	0M	0M	66M	49M	39M	31M	26M	0M	0M	0M	0M	0M	0M	141M	135M	197M	189M	18M	16M	15M	12M	10M	11M	7M	7M	7M	4M	2M	3M	4M	2M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	0.00%	0.00%	28.11%	146.60%	267.68%	277.36%	231.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	98.41%	127.21%	20.57%	34.95%	434.86%	302.37%	426.90%	449.40%	304.27%	51.55%	428.90%	732.67%	784.23%	1,157.29%	1,095.60%	308.38%	-39.86%	216.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	55M	49M	-22M	-16M	-7M	2M	4M	57M	54M	53M	64M	16M	15M	38M	-135M	-197M	-189M	-18M	-16M	-15M	37M	-5M	-10M	1M	2M	2M	100M	44M	40M	34M	41M	38M	38M	17M	14M	3M	3M
Return on Other Non-Current Assets	636.65%	600.93%	415.09%	167.80%	545.36%	439.16%	385.67%	537.41%	639.37%	733.19%	377.94%	716.74%	962.63%	366.32%	-127.21%	-20.57%	-34.95%	-434.86%	-302.37%	-426.90%	151.26%	-621.04%	-57.35%	2,518.76%	3,361.10%	2,523.00%	44.72%	38.26%	21.84%	-5.11%	7.92%	8.78%	42.32%	65.06%	40.00%	193.75%	250.00%
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	2,095M	1,942M	1,745M	1,462M	1,202M	995M	839M	2,228M	2,104M	1,953M	1,796M	1,628M	1,695M	1,513M	1,515M	1,492M	1,525M	1,249M	1,014M	876M	738M	609M	504M	475M	421M	398M	300M	185M	158M	156M	175M	168M	142M	71M	48M	26M	21M
Return on Total Non-Current Assets	16.73%	14.14%	10.66%	9.18%	9.34%	8.17%	10.14%	13.65%	16.50%	20.04%	13.45%	7.06%	8.35%	9.19%	11.36%	2.72%	4.33%	6.40%	4.85%	7.13%	7.48%	5.14%	1.17%	6.07%	12.23%	14.77%	14.89%	9.16%	5.60%	-1.12%	1.87%	1.97%	11.41%	15.21%	11.32%	23.48%	38.46%
Total Assets	4,268M	3,782M	3,386M	2,899M	2,426M	2,021M	1,715M	4,618M	4,364M	3,821M	3,120M	2,985M	3,407M	3,201M	2,890M	2,603M	2,852M	2,694M	2,168M	1,882M	1,718M	1,168M	977M	1,057M	1,032M	1,128M	840M	566M	367M	345M	338M	389M	366M	221M	156M	109M	76M
Return on Total Assets	8.26%	7.27%	5.47%	4.61%	4.40%	3.79%	4.12%	6.59%	7.95%	10.24%	7.74%	3.85%	4.16%	4.34%	5.96%	1.56%	2.32%	2.97%	2.27%	3.32%	3.21%	2.68%	0.60%	2.73%	4.99%	5.21%	5.31%	2.99%	2.41%	-0.51%	0.96%	0.86%	4.42%	4.89%	3.47%	5.68%	10.51%
Accounts Payable	193M	162M	140M	119M	97M	81M	68M	244M	162M	172M	122M	111M	134M	127M	108M	98M	120M	125M	100M	62M	62M	38M	22M	32M	40M	37M	23M	17M	16M	15M	15M	14M	10M	7M	6M	5M	8M
Return on Accounts Payable	188.87%	173.56%	133.87%	114.89%	115.83%	100.17%	104.83%	124.64%	214.05%	227.92%	197.41%	103.76%	105.90%	109.11%	159.52%	41.48%	54.93%	64.19%	49.03%	100.30%	88.63%	82.47%	26.24%	91.55%	127.29%	156.98%	191.30%	99.68%	54.60%	-11.56%	21.34%	23.49%	166.49%	156.52%	93.10%	119.23%	105.26%
Short-Term Debt	1,069M	906M	971M	862M	732M	616M	527M	1,081M	1,193M	933M	631M	690M	1,219M	1,205M	941M	792M	1,020M	1,006M	701M	625M	584M	308M	251M	324M	312M	475M	340M	187M	150M	114M	123M	191M	170M	96M	66M	44M	38M
Return on Short-Term Debt	33.05%	30.82%	20.71%	16.78%	15.25%	12.91%	12.89%	28.13%	29.08%	41.94%	38.28%	16.65%	11.62%	11.54%	18.30%	5.12%	6.47%	7.95%	7.02%	9.99%	9.45%	10.15%	2.35%	8.91%	16.52%	12.37%	13.13%	9.07%	5.90%	-1.53%	2.64%	1.74%	9.49%	11.21%	8.22%	13.96%	21.11%
Tax Payables	2M	1M	1M	0M	0M	0M	0M	0M	7M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Payables	1,708.54%	1,025.12%	512.56%	341.71%	256.28%	205.02%	170.85%	0.00%	5,125.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	37M	22M	21M	21M	16M	14M	12M	110M	0M	0M	0M	0M	0M	36M	27M	18M	22M	45M	58M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	28M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	92.38%	55.43%	180.55%	137.87%	103.40%	82.48%	68.73%	277.13%	0.00%	0.00%	0.00%	0.00%	0.00%	384.33%	629.36%	220.34%	294.38%	178.16%	84.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	198M	181M	96M	63M	47M	39M	36M	161M	311M	122M	85M	226M	155M	-34M	-29M	-11M	-25M	-3M	-19M	19M	0M	-8M	-6M	-3M	0M	0M	0M	0M	0M	22M	0M	17M	41M	31M	18M	9M	9M
Return on Other Current Liabilities	207.57%	191.60%	-57.37%	-239.03%	-226.19%	-180.50%	-141.61%	189.14%	111.56%	322.02%	284.48%	50.83%	91.29%	-403.52%	-592.77%	-360.22%	-266.54%	-2,691.25%	-265.52%	337.47%	0.00%	-392.45%	-102.69%	-835.70%	0.00%	0.00%	0.00%	0.00%	0.00%	-7.79%	0.00%	19.10%	39.20%	35.06%	30.00%	72.94%	86.96%
Total Current Liabilities	1,584M	1,356M	1,320M	1,160M	976M	821M	702M	1,650M	1,673M	1,429M	1,004M	1,027M	1,507M	1,493M	1,172M	993M	1,247M	1,275M	929M	788M	791M	415M	314M	404M	413M	574M	414M	243M	195M	180M	162M	223M	221M	134M	90M	58M	55M
Return on Total Current Liabilities	22.19%	20.36%	14.46%	11.91%	11.05%	9.41%	9.39%	18.43%	20.74%	27.39%	24.06%	11.19%	9.39%	9.31%	14.68%	4.09%	5.30%	6.27%	5.30%	7.92%	6.98%	7.54%	1.88%	7.14%	12.48%	10.24%	10.77%	6.96%	4.53%	-0.97%	2.02%	1.49%	7.31%	8.06%	6.03%	10.67%	14.63%
Long-Term Debt	366M	364M	413M	382M	325M	275M	234M	408M	414M	275M	335M	388M	438M	439M	466M	473M	497M	429M	386M	320M	265M	190M	154M	172M	165M	166M	114M	80M	66M	70M	83M	80M	65M	32M	23M	13M	14M
Return on Long-Term Debt	100.13%	80.42%	52.48%	40.87%	36.96%	31.17%	32.20%	74.47%	83.83%	142.10%	72.08%	29.61%	32.29%	31.66%	36.91%	8.59%	13.30%	18.63%	12.77%	19.54%	20.85%	16.48%	3.82%	16.78%	31.14%	35.39%	39.03%	21.15%	13.32%	-2.49%	3.95%	4.18%	24.71%	33.54%	23.79%	46.27%	58.39%
Capital Lease Obligations	224M	200M	144M	112M	88M	71M	59M	244M	202M	227M	187M	142M	117M	69M	83M	84M	84M	57M	45M	50M	46M	42M	34M	11M	13M	15M	15M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	156.25%	135.82%	133.52%	126.89%	163.49%	130.79%	108.99%	124.42%	171.70%	172.62%	129.37%	80.97%	120.98%	201.21%	207.03%	48.03%	78.86%	139.66%	108.25%	124.98%	121.20%	74.12%	17.08%	253.96%	393.10%	397.23%	305.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	113M	93M	129M	126M	105M	87M	73M	179M	160M	0M	0M	126M	164M	141M	135M	197M	189M	176M	148M	124M	93M	64M	55M	53M	41M	34M	23M	20M	17M	15M	13M	8M	4M	2M	1M	1M	0M
Return on Deferred Tax Liabilities	129.16%	95.67%	84.57%	72.23%	81.98%	73.24%	132.02%	170.00%	217.49%	0.00%	0.00%	90.86%	86.18%	98.41%	127.21%	20.57%	34.95%	45.52%	33.29%	50.47%	59.29%	49.23%	10.78%	54.57%	125.88%	173.64%	191.20%	83.87%	52.21%	-11.85%	26.07%	41.08%	384.81%	675.00%	450.00%	620.00%	0.00%
Other Non-Current Liabilities	75M	85M	48M	33M	25M	20M	16M	28M	25M	171M	167M	34M	21M	11M	10M	7M	5M	4M	5M	2M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Non-Current Liabilities	903.68%	638.22%	868.86%	1,673.94%	1,255.46%	-5,519.63%	-4,599.69%	1,083.94%	1,398.79%	228.31%	144.57%	335.48%	683.84%	1,250.78%	1,749.81%	562.55%	1,250.53%	1,788.75%	1,050.97%	2,514.29%	2,472.59%	8,593.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-163,100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Liabilities	745M	715M	714M	636M	530M	442M	374M	806M	801M	629M	650M	691M	740M	641M	678M	747M	760M	655M	573M	485M	396M	288M	237M	236M	219M	215M	152M	100M	83M	85M	95M	88M	70M	34M	24M	14M	14M
Return on Total Non-Current Liabilities	47.77%	39.42%	27.74%	22.39%	21.54%	18.54%	21.42%	37.76%	43.35%	62.19%	37.16%	16.64%	19.12%	21.69%	25.40%	5.43%	8.69%	12.20%	8.59%	12.87%	13.95%	10.86%	2.48%	12.22%	23.47%	27.37%	29.30%	16.89%	10.62%	-2.06%	3.43%	3.79%	23.22%	31.95%	22.59%	43.06%	58.39%
Total Liabilities	2,329M	2,072M	2,034M	1,796M	1,506M	1,263M	1,076M	2,456M	2,474M	2,058M	1,653M	1,717M	2,248M	2,134M	1,850M	1,740M	2,007M	1,930M	1,502M	1,274M	1,186M	703M	551M	641M	632M	789M	567M	343M	278M	265M	257M	311M	291M	168M	113M	73M	68M
Return on Total Liabilities	15.14%	13.34%	9.45%	7.73%	7.25%	6.19%	6.39%	12.39%	14.03%	19.02%	14.60%	6.69%	6.30%	6.52%	9.31%	2.33%	3.29%	4.14%	3.28%	4.90%	4.65%	4.45%	1.07%	4.50%	8.15%	7.45%	7.88%	4.93%	3.17%	-0.66%	1.27%	1.07%	5.56%	6.44%	4.76%	8.55%	11.70%
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	0M	0M	0M	1M	1M	1M	1M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock	49,464.71%	42,424.97%	33,547.60%	26,903.62%	23,374.03%	19,561.17%	17,070.78%	36,911.77%	43,058.93%	68,423.43%	42,880.11%	20,850.64%	30,447.96%	30,362.88%	37,913.88%	9,265.30%	15,361.16%	18,857.78%	11,888.16%	15,459.16%	13,872.61%	8,000.51%	1,516.49%	7,477.98%	13,444.39%	23,420.72%	18,066.80%	7,077.82%	6,306.43%	-1,245.71%	4,660.00%	4,750.00%	23,094.29%	0.00%	0.00%	0.00%	0.00%
Retained Earnings	1,509M	1,278M	1,045M	831M	674M	549M	460M	1,699M	1,450M	1,378M	1,032M	832M	1,066M	942M	813M	640M	600M	534M	454M	405M	342M	287M	256M	250M	221M	170M	111M	66M	49M	40M	42M	39M	36M	20M	9M	3M	7M
Return on Retained Earnings	23.41%	21.49%	17.40%	16.15%	17.72%	16.40%	29.22%	17.91%	23.93%	28.40%	23.40%	13.81%	13.29%	14.76%	21.18%	6.34%	11.01%	14.98%	10.84%	15.44%	16.14%	10.90%	2.30%	11.56%	23.31%	34.67%	40.29%	25.57%	17.93%	-4.32%	7.73%	8.54%	45.38%	55.38%	62.07%	187.88%	115.94%
Accumulated OCI	-5M	-3M	-111M	-74M	-82M	-74M	-64M	-9M	-2M	-4M	1M	1M	0M	-576M	-515M	0M	0M	0M	-1M	-2M	-2M	0M	-144M	-125M	-100M	-81M	-71M	-59M	-58M	-48M	-38M	-27M	-17M	-11M	-6M	-7M	-4M
Return on Accumulated OCI	-9,598.19%	3,020.28%	2,121.04%	-1,383.11%	-1,048.07%	-840.89%	-719.93%	-3,272.93%	-16,045.08%	-9,476.56%	30,675.39%	13,220.60%	42,012.76%	-24.13%	-33.43%	-14,189.51%	-21,656.72%	-17,381.96%	-4,094.59%	-3,556.66%	-2,832.89%	-14,090.99%	-4.09%	-23.17%	-51.41%	-72.84%	-63.12%	-28.50%	-15.15%	3.64%	-8.49%	-12.36%	-97.50%	-101.89%	-96.43%	-93.94%	-186.05%
Minority Interest	19M	12M	6M	4M	3M	2M	2M	20M	20M	19M	0M	0M	0M	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 Minority Interest	1,794.25%	1,076.55%	538.28%	358.85%	269.14%	215.31%	179.43%	1,494.32%	1,776.40%	2,112.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	1,919M	1,698M	1,347M	1,100M	918M	756M	637M	2,142M	1,871M	1,744M	1,467M	1,268M	1,159M	1,067M	1,040M	863M	845M	764M	665M	608M	531M	465M	426M	416M	400M	340M	274M	223M	89M	80M	81M	78M	75M	53M	42M	37M	8M
Return on Total Shareholders’ Equity	18.40%	16.14%	13.50%	12.02%	11.75%	10.35%	14.48%	14.20%	18.55%	22.44%	16.46%	9.06%	12.21%	13.03%	16.54%	4.70%	7.82%	10.46%	7.40%	10.27%	10.39%	6.73%	1.38%	6.94%	12.89%	17.31%	16.31%	7.59%	9.95%	-2.19%	4.01%	4.25%	21.60%	20.42%	12.83%	16.89%	103.90%
Total Equity	1,938M	1,710M	1,352M	1,104M	921M	759M	639M	2,162M	1,890M	1,763M	1,467M	1,268M	1,159M	1,067M	1,040M	863M	845M	764M	665M	608M	531M	465M	426M	416M	400M	340M	274M	223M	89M	80M	81M	78M	75M	53M	42M	37M	8M
Return on Total Equity	18.21%	16.03%	13.45%	11.98%	11.73%	10.33%	14.46%	14.07%	18.36%	22.20%	16.46%	9.06%	12.21%	13.03%	16.54%	4.70%	7.82%	10.46%	7.40%	10.27%	10.39%	6.73%	1.38%	6.94%	12.89%	17.31%	16.31%	7.59%	9.95%	-2.19%	4.01%	4.25%	21.60%	20.42%	12.83%	16.89%	103.90%
Total Liabilities & Equity	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Liabilities & Equity	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	4M	11M	-7M	-2M	-2M	-2M	-1M	5M	8M	0M	0M	41M	35M	-179M	6M	6M	7M	7M	7M	7M	7M	8M	8M	1M	-7M	-7M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Investments	3,534.32%	2,176.36%	1,555.45%	1,309.56%	1,081.00%	864.80%	720.67%	6,471.34%	4,131.61%	0.00%	0.00%	278.85%	405.68%	-77.57%	2,700.06%	651.29%	993.28%	1,157.96%	742.56%	942.29%	833.03%	412.96%	77.68%	3,415.98%	-732.67%	-784.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	1,455M	1,256M	1,357M	1,174M	970M	811M	692M	1,506M	1,626M	1,234M	1,004M	908M	1,592M	1,562M	1,349M	1,267M	1,521M	1,290M	905M	796M	687M	363M	284M	364M	303M	495M	336M	108M	182M	159M	186M	252M	216M	106M	69M	36M	50M
Return on Net Debt	24.42%	21.99%	14.81%	12.28%	11.82%	10.35%	10.59%	20.20%	21.35%	31.71%	24.04%	12.65%	8.89%	8.91%	12.76%	3.20%	4.34%	6.20%	5.44%	7.85%	8.04%	8.61%	2.07%	7.92%	16.99%	11.88%	13.29%	15.62%	4.86%	-1.09%	1.75%	1.32%	7.50%	10.19%	7.87%	17.08%	16.16%

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	348M	280M	196M	149M	121M	98M	83M	304M	347M	391M	241M	115M	142M	139M	172M	41M	66M	80M	49M	62M	55M	31M	6M	29M	51M	59M	45M	17M	9M	-2M	3M	3M	16M	11M	5M	6M	8M
Working Capital	589M	484M	322M	278M	249M	206M	173M	740M	587M	439M	321M	331M	205M	195M	203M	118M	80M	171M	224M	218M	189M	144M	159M	177M	198M	156M	126M	138M	14M	8M	2M	-3M	3M	16M	18M	25M	1M
Return on Working Capital	63.13%	59.86%	64.19%	52.69%	45.47%	41.27%	101.90%	41.12%	59.12%	89.14%	75.22%	34.72%	69.01%	71.44%	84.84%	34.30%	83.03%	46.78%	21.95%	28.70%	29.18%	21.76%	3.70%	16.30%	26.03%	37.61%	35.38%	12.24%	62.56%	-21.81%	200.37%	-130.96%	568.62%	68.79%	29.51%	25.10%	1,333.33%
Total Capital	3,579M	3,169M	2,869M	2,450M	2,058M	1,714M	1,455M	3,876M	3,680M	3,180M	2,619M	2,488M	2,934M	2,760M	2,514M	2,212M	2,431M	2,246M	1,787M	1,603M	1,426M	997M	859M	927M	890M	996M	742M	489M	305M	264M	287M	349M	311M	181M	131M	95M	59M
Return on Total Capital	9.86%	8.68%	6.47%	5.46%	5.17%	4.45%	4.88%	7.85%	9.43%	12.31%	9.22%	4.62%	4.83%	5.04%	6.85%	1.83%	2.72%	3.56%	2.75%	3.90%	3.87%	3.14%	0.68%	3.11%	5.79%	5.90%	6.01%	3.46%	2.90%	-0.66%	1.14%	0.95%	5.21%	5.95%	4.14%	6.56%	13.49%
Capital Employed	2,684M	2,425M	2,067M	1,740M	1,451M	1,201M	1,013M	2,967M	2,691M	2,392M	2,116M	1,959M	1,900M	1,708M	1,718M	1,610M	1,605M	1,420M	1,239M	1,093M	927M	753M	663M	652M	619M	554M	426M	323M	172M	164M	177M	166M	144M	87M	66M	51M	21M
Return on Capital Employed	13.17%	11.36%	8.90%	7.63%	7.46%	6.49%	8.12%	10.25%	12.90%	16.36%	11.41%	5.87%	7.45%	8.14%	10.02%	2.52%	4.12%	5.63%	3.97%	5.71%	5.96%	4.15%	0.89%	4.43%	8.32%	10.60%	10.48%	5.24%	5.14%	-1.06%	1.85%	2.00%	11.19%	12.46%	8.18%	12.13%	37.38%
Invested Capital	3,374M	2,954M	2,704M	2,274M	1,887M	1,567M	1,329M	3,648M	3,497M	2,979M	2,471M	2,176M	2,752M	2,629M	2,389M	2,130M	2,366M	2,054M	1,570M	1,404M	1,218M	828M	710M	780M	703M	834M	609M	331M	270M	239M	268M	330M	291M	159M	111M	73M	57M
Return on Invested Capital	10.47%	9.29%	6.88%	5.91%	5.74%	4.99%	5.48%	8.34%	9.93%	13.14%	9.77%	5.28%	5.14%	5.29%	7.20%	1.91%	2.79%	3.89%	3.13%	4.45%	4.53%	3.78%	0.83%	3.70%	7.33%	7.05%	7.32%	5.11%	3.27%	-0.73%	1.22%	1.01%	5.56%	6.80%	4.88%	8.49%	13.99%

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	348M	280M	196M	149M	121M	98M	83M	274M	307M	304M	347M	391M	241M	115M	142M	139M	172M	41M	66M	80M	49M	62M	55M	31M	6M	29M	51M	59M	45M	17M	9M	-2M	3M	3M	16M	11M	5M	6M	8M
Depreciation & Amortization	219M	201M	182M	148M	119M	98M	83M	249M	231M	236M	221M	199M	169M	177M	175M	185M	158M	158M	145M	126M	93M	73M	57M	46M	41M	39M	36M	27M	21M	16M	16M	16M	16M	14M	8M	5M	3M	2M	2M
Return on Depreciation & Amortization	160.76%	137.90%	102.56%	92.79%	102.73%	90.05%	117.62%	110.11%	132.83%	128.82%	156.94%	196.53%	142.43%	64.78%	80.68%	75.12%	108.98%	25.75%	45.57%	63.23%	52.65%	85.22%	96.98%	68.12%	14.46%	74.96%	143.84%	217.13%	212.40%	106.24%	56.81%	-11.01%	20.19%	24.49%	192.91%	225.00%	180.00%	258.33%	421.05%
Deferred Income Tax	11M	2M	1M	9M	8M	7M	6M	28M	15M	20M	8M	4M	14M	-38M	23M	6M	-62M	8M	32M	25M	22M	28M	29M	10M	-3M	10M	8M	7M	1M	4M	4M	-1M	3M	4M	3M	1M	0M	1M	0M
Return on Deferred Income Tax	5,095.49%	3,340.64%	2,005.71%	1,421.16%	1,321.01%	1,101.14%	1,121.31%	978.42%	2,019.76%	1,535.35%	4,565.91%	9,185.21%	1,720.22%	-303.47%	615.87%	2,318.86%	-276.72%	487.12%	208.73%	316.92%	222.89%	221.75%	192.51%	306.24%	-197.45%	290.28%	685.10%	854.82%	3,470.06%	407.71%	238.43%	264.64%	112.10%	85.41%	630.75%	2,160.00%	2,700.00%	620.00%	0.00%
Stock-Based Compensation	29M	26M	21M	16M	13M	10M	9M	32M	30M	30M	30M	25M	22M	19M	19M	18M	16M	13M	12M	11M	9M	7M	6M	4M	4M	4M	3M	3M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	1,230.52%	1,074.06%	883.69%	842.31%	865.34%	692.27%	576.89%	849.71%	1,026.40%	1,002.15%	1,143.36%	1,546.05%	1,085.21%	593.55%	744.98%	770.04%	1,102.97%	315.20%	533.37%	704.90%	569.31%	851.81%	971.55%	700.13%	160.59%	794.74%	1,495.99%	2,220.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-194M	-21M	-4M	-25M	-16M	-13M	-14M	557M	-271M	29M	-311M	-299M	-18M	496M	61M	-133M	-131M	295M	-29M	-151M	3M	50M	-226M	-14M	103M	3M	163M	-99M	-120M	-45M	-10M	-9M	68M	5M	-55M	-15M	1M	-10M	-15M
Return on Change in Working Capital	267.25%	-106.22%	-75.12%	63.40%	90.03%	70.58%	67.86%	49.25%	-113.42%	1,044.19%	-111.74%	-130.71%	-1,356.04%	23.17%	233.12%	-104.89%	-131.55%	13.76%	-230.57%	-53.06%	1,871.37%	125.06%	-24.45%	-216.63%	5.71%	908.56%	31.60%	-59.34%	-37.04%	-37.93%	-85.73%	19.62%	4.78%	63.33%	-29.51%	-70.59%	490.91%	-65.26%	-54.42%
Accounts Receivable	-54M	-24M	-12M	-16M	-10M	-8M	-7M	26M	-26M	-87M	0M	-75M	32M	11M	20M	-8M	-29M	2M	12M	-68M	-10M	14M	-50M	0M	16M	-5M	26M	-10M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	-291.27%	179.40%	221.05%	-831.24%	-670.56%	-536.45%	-447.04%	1,056.25%	-1,184.18%	-349.21%	0.00%	-524.59%	747.14%	1,023.67%	713.95%	-1,795.27%	-585.00%	2,425.70%	554.09%	-118.17%	-475.16%	440.32%	-110.46%	-14,415.67%	35.87%	-598.73%	200.44%	-580.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	-80M	53M	25M	-17M	-10M	-9M	-10M	400M	-212M	85M	0M	-325M	-34M	537M	82M	-255M	-147M	292M	19M	-152M	-67M	33M	-268M	-49M	104M	30M	132M	-114M	-102M	-50M	-13M	-13M	65M	-3M	-47M	-25M	-7M	0M	-11M
Return on Inventory	78.97%	-92.15%	-9.10%	-7.34%	-3.23%	-11.08%	-120.36%	68.62%	-144.97%	357.53%	0.00%	-120.61%	-719.10%	21.41%	173.25%	-54.53%	-116.73%	13.91%	353.91%	-52.63%	-73.22%	191.70%	-20.59%	-64.44%	5.63%	96.03%	38.90%	-51.40%	-43.62%	-34.04%	-67.12%	13.69%	5.01%	-129.93%	-34.59%	-43.20%	-80.60%	-3,100.00%	-75.47%
Accounts Payable	34M	18M	9M	13M	10M	8M	7M	107M	-4M	82M	-11M	31M	12M	-23M	2M	18M	9M	-22M	-4M	24M	38M	0M	24M	15M	-9M	-9M	3M	14M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	-549.56%	-27.61%	708.09%	-13,826.05%	-10,282.27%	-8,225.82%	-6,854.85%	257.27%	-8,504.79%	371.54%	-3,265.17%	1,244.93%	2,002.95%	-492.32%	6,317.85%	752.09%	1,920.23%	-181.08%	-1,590.11%	330.67%	129.16%	-215,362.07%	226.60%	204.04%	-64.64%	-323.53%	1,714.69%	418.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-94M	-68M	-27M	-6M	-6M	-4M	-3M	25M	-29M	-51M	-300M	68M	-29M	-29M	-43M	112M	37M	24M	-55M	45M	42M	3M	68M	19M	-9M	-13M	2M	11M	-18M	5M	3M	4M	3M	8M	-8M	10M	8M	-9M	-4M
Return on Other Working Capital	-47.36%	-277.46%	-107.76%	94.14%	206.57%	194.85%	152.96%	1,114.01%	-1,045.31%	-599.82%	-115.70%	573.45%	-844.23%	-401.03%	-328.80%	124.48%	464.44%	169.56%	-119.92%	178.84%	116.90%	1,948.07%	81.24%	164.69%	-67.21%	-219.72%	2,736.03%	515.58%	-245.46%	331.75%	309.25%	-45.29%	101.62%	42.58%	-201.14%	111.34%	69.23%	-66.67%	-195.12%
Other Non-Cash Items	-9M	-8M	-3M	-4M	-3M	-2M	-2M	-1M	-1M	-1M	0M	-27M	-7M	-7M	1M	0M	0M	7M	1M	-3M	-3M	-2M	-2M	-11M	0M	-1M	-2M	-3M	1M	2M	-2M	1M	-2M	-1M	0M	0M	0M	0M	-1M
Return on Other Non-Cash Items	57,956.84%	33,744.12%	30,350.57%	19,522.71%	15,417.88%	12,326.08%	9,542.67%	-29,232.62%	-22,214.45%	-37,596.17%	212,917.18%	-1,450.48%	-3,427.73%	-1,722.19%	9,579.36%	-46,822.22%	163,932.38%	598.03%	7,497.50%	-2,381.09%	-1,914.31%	-3,386.93%	-2,698.58%	-284.07%	18,980.65%	-2,705.25%	-2,077.97%	-1,852.11%	3,171.64%	993.31%	-427.55%	-184.94%	-202.11%	-384.39%	-9,738.55%	-5,400.00%	-5,400.00%	0.00%	-1,333.33%
Net Cash from Operating Activities	403M	479M	393M	293M	242M	199M	165M	1,141M	312M	620M	296M	294M	422M	763M	421M	215M	153M	521M	227M	89M	173M	219M	-81M	66M	150M	83M	259M	-7M	-52M	-6M	16M	16M	89M	25M	-28M	1M	9M	0M	-5M
Return on Net Cash from Operating Activities	99.80%	74.32%	61.93%	49.69%	-6.92%	-15.13%	249.12%	24.03%	98.57%	49.09%	117.36%	132.94%	57.16%	15.06%	33.61%	64.57%	112.70%	7.79%	29.07%	89.90%	28.37%	28.47%	-67.86%	47.09%	3.91%	34.75%	19.90%	-856.69%	-85.55%	-299.82%	54.06%	-10.92%	3.66%	13.20%	-58.08%	1,800.00%	58.06%	6,200.00%	-148.15%
Capital Expenditures (PPE)	-348M	-270M	-265M	-234M	-194M	-161M	-138M	-339M	-80M	-433M	-369M	-243M	-167M	-136M	-293M	-238M	-210M	-197M	-368M	-261M	-192M	-171M	-149M	-84M	-50M	-68M	-65M	-116M	-66M	-45M	-19M	-17M	-21M	-41M	-60M	-32M	-10M	-9M	-6M
Return on Capital Expenditures (PPE)	-108.45%	-110.82%	-78.13%	-63.23%	-59.99%	-51.92%	-53.73%	-80.83%	-385.26%	-70.24%	-94.08%	-161.02%	-144.41%	-84.35%	-48.24%	-58.37%	-82.00%	-20.60%	-17.96%	-30.66%	-25.69%	-36.53%	-37.17%	-37.11%	-11.65%	-42.35%	-78.89%	-50.63%	-67.82%	-37.96%	-47.03%	10.55%	-15.74%	-8.12%	-26.80%	-34.29%	-52.94%	-72.94%	-126.98%
Acquisitions (Net)	-9M	-59M	-40M	-58M	-51M	-41M	-35M	0M	-35M	-16M	-16M	7M	-269M	0M	-33M	-2M	-2M	-1M	-69M	-158M	-73M	-105M	-95M	-39M	0M	-37M	-8M	-36M	-66M	-4M	-6M	0M	-3M	-3M	-22M	0M	0M	0M	0M
Return on Acquisitions (Net)	595.86%	339.59%	-1,906.52%	-1,292.09%	-1,017.18%	-849.55%	-710.44%	-190,418.06%	-872.69%	-1,858.67%	-2,162.34%	5,808.58%	-89.63%	0.00%	-433.41%	-6,378.99%	-7,895.83%	-5,959.18%	-95.71%	-50.73%	-67.68%	-59.72%	-58.35%	-79.66%	0.00%	-77.19%	-654.61%	-162.90%	-67.59%	-483.31%	-159.17%	0.00%	-123.28%	-129.48%	-74.31%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0M	0M	1M	0M	-17M	-14M	-12M	0M	0M	0M	0M	0M	0M	0M	-22M	9M	4M	12M	3M	0M	0M	0M	0M	0M	0M	-356M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Purchases of Investments	0.00%	0.00%	765.87%	2,651.33%	1,988.09%	1,590.47%	1,325.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-629.29%	1,635.06%	4,337.93%	324.81%	1,990.15%	32,111.24%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	0M	0M	3M	2M	19M	15M	13M	0M	0M	0M	0M	0M	0M	0M	22M	6M	0M	0M	0M	0M	0M	0M	0M	0M	0M	348M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	0.00%	0.00%	8,881.09%	9,474.37%	7,106.19%	5,684.96%	4,737.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	629.29%	2,181.36%	52,962.77%	9,018.22%	24,019.27%	53,304.67%	0.00%	0.00%	0.00%	0.00%	0.00%	8.29%	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%
Other Investing Activities	-1M	2M	1M	3M	3M	4M	2M	-131M	-287M	4M	-2M	-5M	4M	9M	6M	-2M	1M	-5M	-3M	2M	-5M	1M	11M	27M	1M	2M	6M	7M	8M	13M	7M	5M	2M	3M	-1M	0M	-36M	0M	2M
Return on Other Investing Activities	-5,698.26%	-1,816.44%	-403.82%	376.48%	506.49%	425.74%	497.22%	-209.97%	-107.17%	7,933.05%	-16,534.30%	-8,493.53%	6,698.53%	1,314.05%	2,482.17%	-8,262.75%	13,870.19%	-861.98%	-2,183.57%	4,902.33%	-918.40%	5,098.37%	486.59%	116.45%	809.35%	1,381.76%	914.93%	840.16%	536.49%	127.84%	117.91%	-35.77%	177.19%	126.57%	-1,361.92%	3,600.00%	-15.04%	1,550.00%	500.00%
Net Cash from Investing Activities	-358M	-327M	-301M	-287M	-240M	-197M	-170M	-470M	-402M	-446M	-387M	-241M	-433M	-127M	-320M	-227M	-207M	-189M	-436M	-416M	-270M	-274M	-232M	-97M	-50M	-111M	-68M	-145M	-124M	-35M	-17M	-12M	-22M	-41M	-83M	-31M	-46M	-8M	-5M
Return on Net Cash from Investing Activities	-106.79%	-93.26%	-69.16%	-53.86%	-49.93%	-44.32%	-47.35%	-58.35%	-76.50%	-68.26%	-89.67%	-162.45%	-55.77%	-90.14%	-44.18%	-61.20%	-83.33%	-21.43%	-15.14%	-19.20%	-18.25%	-22.77%	-23.82%	-32.35%	-11.83%	-25.99%	-76.28%	-40.49%	-36.13%	-48.56%	-52.46%	14.97%	-15.15%	-8.13%	-19.41%	-34.62%	-11.71%	-76.54%	-170.21%
Net Debt Issuance	128M	-37M	-11M	49M	40M	32M	33M	-444M	238M	-73M	325M	133M	-90M	-479M	18M	145M	107M	-279M	80M	297M	116M	39M	345M	47M	-98M	4M	-171M	176M	148M	50M	10M	1M	-67M	15M	109M	33M	35M	-2M	2M
Return on Net Debt Issuance	-4.60%	-61.47%	80.00%	74.09%	97.30%	73.00%	64.80%	-61.76%	129.05%	-414.78%	106.70%	294.30%	-269.57%	-23.99%	783.53%	95.89%	160.36%	-14.54%	82.15%	26.95%	42.54%	159.21%	16.01%	66.57%	-5.98%	807.19%	-30.16%	33.37%	30.22%	33.50%	87.95%	-260.30%	-4.90%	22.74%	14.89%	32.53%	15.38%	-364.71%	421.05%
Long-Term Debt Issuance	55M	-81M	-12M	48M	52M	40M	39M	-244M	238M	-19M	325M	-141M	-90M	-479M	18M	145M	107M	-67M	80M	297M	116M	39M	345M	47M	-5M	-2M	2M	176M	148M	6M	10M	1M	-67M	15M	109M	33M	35M	-2M	2M
Return on Long-Term Debt Issuance	-588.85%	-412.02%	-99.85%	-45.83%	29.91%	28.97%	28.11%	-112.53%	129.05%	-1,595.51%	106.70%	-277.74%	-269.57%	-23.99%	783.53%	95.89%	160.36%	-60.36%	82.15%	26.95%	42.54%	159.21%	16.00%	66.32%	-120.90%	-1,261.58%	2,604.55%	33.37%	30.22%	280.62%	87.95%	-260.30%	-4.90%	22.74%	14.89%	32.53%	15.38%	-364.71%	421.05%
Short-Term Debt Issuance	73M	44M	1M	21M	3M	4M	3M	-200M	0M	-54M	0M	274M	0M	0M	0M	0M	0M	-208M	0M	0M	0M	-21M	283M	44M	-93M	6M	-173M	0M	0M	44M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	-139.20%	-83.52%	-43.71%	-43.21%	-9.60%	-6.16%	-5.13%	-136.89%	0.00%	-560.50%	0.00%	142.89%	0.00%	0.00%	0.00%	0.00%	0.00%	-19.53%	0.00%	0.00%	0.00%	-302.05%	19.52%	71.54%	-6.30%	492.24%	-29.82%	0.00%	0.00%	38.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-109M	-77M	-63M	-42M	-32M	-21M	-16M	-130M	-115M	-16M	-219M	-94M	-34M	-25M	-50M	-117M	-34M	-44M	2M	0M	-4M	0M	0M	2M	1M	-17M	3M	2M	3M	114M	0M	0M	0M	0M	0M	0M	0M	31M	0M
Return on Net Stock Issuance	-835.97%	-737.70%	-182.44%	-1,954.50%	-1,141.86%	-718.85%	-598.38%	-210.31%	-268.40%	-1,931.62%	-158.62%	-417.66%	-718.58%	-462.04%	-283.48%	-119.23%	-509.26%	-93.26%	2,869.37%	-27,476.63%	-1,387.96%	0.00%	0.00%	1,371.42%	711.49%	-171.57%	1,841.63%	2,664.82%	1,433.97%	14.86%	4,851.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.75%	0.00%
Common Stock Issuance	0M	0M	1M	3M	3M	7M	7M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	8M	4M	12M	9M	5M	6M	2M	1M	1M	3M	2M	3M	114M	0M	0M	0M	0M	0M	0M	0M	31M	0M
Return on Common Stock Issuance	0.00%	0.00%	224.52%	469.78%	811.73%	844.02%	704.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	491.31%	1,753.93%	668.43%	527.68%	1,233.31%	1,000.60%	1,371.42%	711.49%	2,568.06%	1,841.63%	2,664.82%	1,401.98%	14.86%	4,851.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.75%	0.00%
Common Stock Repurchased	-107M	-76M	-64M	-44M	-34M	-27M	-23M	-130M	-115M	-16M	-212M	-94M	-34M	-25M	-58M	-121M	-34M	-44M	-1M	-12M	-13M	0M	0M	0M	0M	-18M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Repurchased	-837.72%	-738.76%	-916.68%	-680.11%	-3,660.73%	-2,928.58%	-2,440.49%	-210.31%	-268.40%	-1,931.62%	-163.88%	-417.66%	-718.58%	-462.04%	-243.32%	-115.35%	-509.26%	-93.26%	-4,511.82%	-652.55%	-382.33%	0.00%	0.00%	0.00%	0.00%	-160.83%	0.00%	0.00%	-62,852.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	-2M	-1M	1M	2M	2M	1M	1M	0M	0M	0M	-7M	0M	0M	0M	8M	4M	0M	0M	4M	12M	9M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	-1,648.64%	-989.18%	206.75%	217.57%	163.18%	-1,077.74%	-898.12%	0.00%	0.00%	0.00%	-4,945.92%	0.00%	0.00%	0.00%	1,717.41%	3,542.08%	0.00%	0.00%	1,753.93%	668.43%	527.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-30,207.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-50M	-43M	-24M	-16M	-12M	-10M	-9M	-58M	-55M	-56M	-51M	-45M	-41M	-22M	-18M	-9M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-10M	-4M
Return on Net Dividends Paid	-704.16%	-642.38%	-547.50%	-365.00%	-273.75%	-219.00%	-191.94%	-472.72%	-561.91%	-547.94%	-686.12%	-878.40%	-587.96%	-511.50%	-772.96%	-1,490.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-60.78%	-222.22%
Common Dividends Paid	-50M	-43M	-24M	-16M	-12M	-10M	-9M	-58M	-55M	-56M	-51M	-45M	-41M	-22M	-18M	-9M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-10M	-4M
Return on Common Dividends Paid	-704.16%	-642.38%	-547.50%	-365.00%	-273.75%	-219.00%	-191.94%	-472.72%	-561.91%	-547.94%	-686.12%	-878.40%	-587.96%	-511.50%	-772.96%	-1,490.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-60.78%	-222.22%
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	13M	14M	10M	8M	6M	5M	5M	18M	14M	15M	18M	5M	11M	21M	-1M	0M	23M	8M	0M	5M	3M	7M	7M	1M	0M	1M	2M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	8M	13M
Return on Other Financing Activities	4,149.05%	3,042.84%	-2,249.02%	-920.10%	-1,217.75%	-2,462.45%	-1,687.39%	1,510.01%	2,183.73%	1,993.01%	1,919.87%	8,534.28%	2,220.93%	546.12%	-19,368.40%	0.00%	754.82%	509.44%	-19,600.30%	1,535.57%	1,918.04%	927.73%	772.64%	3,534.69%	-1,603.27%	4,552.84%	2,357.69%	2,732.96%	-18,593.75%	-30,207.14%	-9,293.68%	2,294.74%	0.00%	0.00%	0.00%	10,800.00%	0.00%	78.48%	61.07%
Net Cash from Financing Activities	-19M	-143M	-88M	-1M	2M	6M	13M	-614M	83M	-129M	74M	-1M	-153M	-505M	-51M	19M	96M	-315M	82M	302M	115M	46M	352M	50M	-98M	-13M	-166M	181M	151M	164M	10M	1M	-67M	15M	109M	33M	35M	27M	11M
Return on Net Cash from Financing Activities	-18,829.33%	-11,333.63%	-5,597.08%	-3,712.50%	-2,794.56%	-2,242.78%	-1,863.80%	-44.64%	370.22%	-235.19%	469.23%	-56,722.03%	-157.43%	-22.75%	-278.04%	729.45%	178.67%	-12.90%	80.19%	26.51%	42.90%	135.89%	15.69%	62.37%	-6.01%	-228.83%	-31.07%	32.56%	29.64%	10.30%	87.19%	-293.60%	-4.90%	22.74%	14.89%	32.43%	15.38%	22.63%	70.18%
Effect of FX on Cash	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Effect of FX on Cash	390,693.97%	234,416.38%	117,208.19%	78,138.79%	58,604.09%	46,883.28%	39,069.40%	-203,112.59%	1,397,490.91%	-123,639.43%	964,041.67%	331,679.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	27M	9M	4M	5M	3M	8M	8M	57M	-7M	44M	-17M	53M	-164M	130M	50M	7M	43M	17M	-127M	-26M	19M	-9M	39M	20M	3M	-41M	25M	28M	-25M	124M	10M	5M	1M	-1M	-3M	3M	-2M	19M	1M
Return on Net Change in Cash	-193.03%	-127.66%	216.99%	115.46%	105.55%	88.86%	76.92%	481.63%	-4,446.10%	684.94%	-2,003.90%	739.88%	-147.29%	88.08%	283.77%	1,935.45%	404.87%	236.23%	-52.17%	-309.41%	265.58%	-693.79%	142.31%	157.35%	219.23%	-71.10%	202.32%	206.35%	-177.75%	13.67%	91.72%	-35.51%	339.79%	-299.01%	-643.55%	400.00%	-317.65%	31.96%	615.38%
Cash at Beginning of Period	178M	205M	162M	171M	167M	139M	118M	853M	699M	184M	201M	148M	312M	182M	132M	125M	82M	65M	191M	217M	199M	208M	169M	149M	146M	187M	162M	133M	158M	34M	25M	20M	19M	20M	23M	20M	22M	2M	1M
Return on Cash at Beginning of Period	200.79%	148.60%	126.91%	94.29%	76.90%	65.92%	99.45%	32.14%	43.99%	165.55%	172.63%	264.19%	77.36%	63.26%	107.48%	111.66%	209.85%	62.58%	34.50%	36.79%	24.76%	30.06%	32.68%	20.98%	4.02%	15.44%	31.87%	44.18%	28.21%	49.19%	35.65%	-8.79%	17.27%	16.62%	71.80%	54.55%	25.12%	295.24%	888.89%
Cash at End of Period	204M	215M	166M	176M	171M	147M	125M	910M	692M	228M	184M	201M	148M	312M	182M	132M	125M	82M	65M	191M	217M	199M	208M	169M	149M	146M	187M	162M	133M	158M	34M	25M	20M	19M	20M	23M	20M	22M	2M
Return on Cash at End of Period	172.30%	143.33%	118.97%	88.71%	72.59%	60.61%	68.79%	30.13%	44.43%	133.32%	188.90%	194.67%	162.96%	36.82%	77.96%	105.57%	138.21%	49.47%	101.86%	41.76%	22.65%	31.42%	26.57%	18.51%	3.95%	19.72%	27.53%	36.39%	33.54%	10.69%	25.67%	-7.04%	16.43%	17.60%	80.81%	48.00%	27.27%	28.84%	363.64%
Operating Cash Flow	403M	479M	393M	293M	242M	199M	165M	1,141M	312M	620M	296M	294M	422M	763M	421M	215M	153M	521M	227M	89M	173M	219M	-81M	66M	150M	83M	259M	-7M	-52M	-6M	16M	16M	89M	25M	-28M	1M	9M	0M	-5M
Return on Operating Cash Flow	99.80%	74.32%	61.93%	49.69%	-6.92%	-15.13%	249.12%	24.03%	98.57%	49.09%	117.36%	132.94%	57.16%	15.06%	33.61%	64.57%	112.70%	7.79%	29.07%	89.90%	28.37%	28.47%	-67.86%	47.09%	3.91%	34.75%	19.90%	-856.69%	-85.55%	-299.82%	54.06%	-10.92%	3.66%	13.20%	-58.08%	1,800.00%	58.06%	6,200.00%	-148.15%
Capital Expenditure	-348M	-270M	-265M	-234M	-194M	-161M	-138M	-448M	-384M	-433M	-369M	-243M	-167M	-136M	-293M	-238M	-210M	-197M	-368M	-261M	-192M	-171M	-149M	-84M	-50M	-68M	-65M	-116M	-66M	-45M	-19M	-17M	-21M	-41M	-60M	-32M	-10M	-9M	-6M
Return on Capital Expenditure	-108.45%	-110.82%	-78.13%	-63.23%	-59.99%	-51.92%	-53.73%	-61.25%	-80.06%	-70.24%	-94.08%	-161.02%	-144.41%	-84.35%	-48.24%	-58.37%	-82.00%	-20.60%	-17.96%	-30.66%	-25.69%	-36.53%	-37.17%	-37.11%	-11.65%	-42.35%	-78.89%	-50.63%	-67.82%	-37.96%	-47.03%	10.55%	-15.74%	-8.12%	-26.80%	-34.29%	-52.94%	-72.94%	-126.98%
Free Cash Flow	55M	209M	128M	59M	48M	38M	27M	694M	-72M	187M	-73M	51M	255M	627M	128M	-23M	-57M	324M	-141M	-172M	-18M	48M	-230M	-18M	100M	15M	193M	-123M	-118M	-50M	-2M	-1M	68M	-16M	-88M	-31M	-1M	-8M	-12M
Return on Free Cash Flow	150.36%	112.81%	-26.80%	-43.77%	-25.80%	-24.60%	-47.02%	39.53%	-426.35%	163.08%	-474.33%	762.33%	94.61%	18.33%	110.80%	-607.36%	-301.03%	12.52%	-47.00%	-46.52%	-271.98%	129.08%	-24.01%	-175.05%	5.90%	193.74%	26.62%	-47.81%	-37.83%	-33.69%	-361.70%	312.54%	4.78%	-21.06%	-18.34%	-34.95%	-600.00%	-73.81%	-68.38%

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	348M	280M	196M	149M	121M	99M	84M	276M	308M	305M	347M	392M	241M	115M	142M	139M	172M	41M	66M	80M	49M	62M	55M	31M	6M	29M	51M	59M	45M	17M	9M	9M	3M	3M	16M	11M	5M	6M	8M
EBITDA	715M	592M	456M	363M	298M	246M	208M	617M	666M	706M	737M	703M	477M	339M	392M	389M	307M	245M	267M	265M	185M	188M	154M	88M	48M	87M	132M	137M	105M	50M	36M	37M	32M	35M	44M	29M	14M	14M	11M
Return on EBITDA	48.70%	46.12%	39.99%	37.43%	36.56%	33.42%	35.44%	44.78%	46.24%	43.20%	47.10%	55.79%	50.60%	33.91%	36.12%	35.72%	56.11%	16.57%	24.77%	30.19%	26.56%	33.31%	35.78%	35.66%	12.16%	33.02%	38.93%	42.97%	42.68%	34.35%	26.50%	23.76%	10.14%	9.59%	37.16%	37.50%	38.03%	44.29%	70.80%
(-) Tax Adjustment	169M	140M	101M	90M	74M	62M	53M	143M	161M	165M	182M	162M	110M	82M	99M	94M	-80M	95M	103M	103M	73M	72M	60M	28M	-40M	31M	49M	51M	39M	20M	14M	15M	13M	14M	17M	12M	5M	4M	0M
Return on (-) Tax Adjustment	206.12%	195.53%	116.11%	106.42%	100.38%	90.72%	90.61%	192.89%	191.30%	185.10%	190.89%	242.36%	219.63%	139.67%	142.79%	148.32%	-214.20%	42.58%	63.95%	77.91%	67.62%	87.02%	92.29%	110.31%	-14.66%	91.78%	105.06%	114.60%	114.53%	85.33%	66.26%	59.40%	25.35%	23.98%	92.89%	93.75%	100.26%	163.66%	0.00%
(-) Change In Working Capital	-194M	-21M	-4M	-25M	-16M	-13M	-14M	557M	-271M	29M	-311M	-299M	-18M	496M	61M	-133M	-131M	295M	-29M	-151M	3M	50M	-226M	-14M	103M	3M	163M	-99M	-120M	-45M	-10M	-9M	68M	5M	-55M	-15M	1M	-10M	-15M
Return on (-) Change In Working Capital	268.11%	-105.71%	-74.87%	63.57%	90.16%	65.71%	63.80%	49.59%	-113.53%	1,047.00%	-111.74%	-130.95%	-1,356.04%	23.17%	233.12%	-104.89%	-131.55%	13.76%	-230.57%	-53.06%	1,871.37%	125.06%	-24.45%	-216.63%	5.71%	908.56%	31.60%	-59.34%	-37.04%	-38.52%	-91.76%	-98.18%	4.78%	63.33%	-29.51%	-70.59%	490.91%	-65.26%	-54.42%
(-) Capital Expenditure	-348M	-270M	-265M	-234M	-194M	-161M	-138M	-448M	-384M	-433M	-369M	-243M	-167M	-136M	-293M	-238M	-210M	-197M	-368M	-261M	-192M	-171M	-149M	-84M	-50M	-68M	-65M	-116M	-66M	-45M	-19M	-17M	-21M	-41M	-60M	-32M	-10M	-9M	-6M
Return on (-) Capital Expenditure	-108.61%	-110.92%	-78.17%	-63.26%	-60.01%	-54.63%	-55.99%	-61.68%	-80.13%	-70.42%	-94.08%	-161.31%	-144.41%	-84.35%	-48.24%	-58.37%	-82.00%	-20.60%	-17.96%	-30.66%	-25.69%	-36.53%	-37.17%	-37.11%	-11.65%	-42.35%	-78.89%	-50.63%	-67.82%	-38.54%	-50.34%	-52.81%	-15.74%	-8.12%	-26.80%	-34.29%	-52.94%	-72.94%	-126.98%
Unlevered Free Cash Flow	391M	203M	93M	64M	46M	35M	31M	-531M	392M	79M	497M	597M	218M	-376M	-61M	190M	308M	-342M	-176M	52M	-82M	-105M	172M	-11M	-65M	-15M	-145M	68M	120M	30M	13M	14M	-70M	-25M	21M	1M	-2M	11M	20M
Return on Unlevered Free Cash Flow	173.83%	120.35%	45.08%	14.61%	5.49%	11.33%	41.35%	-52.00%	78.56%	386.00%	69.86%	65.63%	110.84%	-30.59%	-230.63%	73.22%	55.88%	-11.85%	-37.59%	153.54%	-60.23%	-59.40%	32.15%	-297.73%	-9.05%	-187.77%	-35.53%	85.86%	37.10%	57.45%	73.14%	60.58%	-4.68%	-13.08%	78.64%	1,000.00%	-217.20%	55.30%	40.61%
(-) Net Interest Income After Taxes	-36M	-23M	-19M	-14M	-12M	-10M	-8M	-41M	-54M	-54M	-40M	-15M	-1M	-7M	-22M	-15M	-16M	-9M	-8M	-7M	-6M	-8M	-4M	-4M	-10M	-5M	-9M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on (-) Net Interest Income After Taxes	-1,365.12%	-4,700.15%	-2,746.29%	-2,152.35%	-1,675.70%	-1,340.56%	-1,117.13%	-677.60%	-574.81%	-561.43%	-870.66%	-2,663.29%	-17,722.20%	-1,683.19%	-657.91%	-930.64%	-1,108.03%	-465.36%	-800.14%	-1,165.77%	-758.08%	-777.31%	-1,259.28%	-861.96%	-56.47%	-623.61%	-548.68%	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 Issuance	128M	-37M	-11M	49M	40M	32M	33M	-444M	238M	-73M	325M	133M	-90M	-479M	18M	145M	107M	-279M	80M	297M	116M	39M	345M	47M	-98M	4M	-171M	176M	148M	50M	10M	1M	-67M	15M	109M	33M	35M	-2M	2M
Return on Net Debt Issuance	-4.79%	-61.59%	79.94%	74.05%	97.27%	135.76%	117.11%	-62.19%	129.18%	-415.90%	106.70%	294.83%	-269.57%	-23.99%	783.53%	95.89%	160.36%	-14.54%	82.15%	26.95%	42.54%	159.21%	16.01%	66.57%	-5.98%	807.19%	-30.16%	33.37%	30.22%	34.01%	94.13%	1,302.69%	-4.90%	22.74%	14.89%	32.53%	15.38%	-364.71%	421.05%
Levered Free Cash Flow	556M	190M	101M	127M	98M	77M	72M	-934M	683M	60M	862M	745M	130M	-848M	-22M	350M	431M	-613M	-87M	356M	40M	-58M	521M	40M	-153M	-7M	-306M	245M	268M	80M	23M	15M	-136M	-11M	129M	34M	33M	10M	22M
Return on Levered Free Cash Flow	200.39%	154.77%	12.16%	16.43%	-6.81%	-1.96%	3.79%	-29.56%	45.03%	508.28%	40.26%	52.62%	186.26%	-13.56%	-649.49%	39.75%	39.94%	-6.62%	-75.86%	22.48%	121.63%	-107.89%	10.60%	77.99%	-3.85%	-402.69%	-16.81%	24.03%	16.65%	21.36%	41.16%	57.89%	-2.39%	-30.79%	12.52%	31.51%	16.56%	65.18%	37.04%