Cash flow AB Volvo

Equities

VOLV B

SE0000115446

Heavy Machinery & Vehicles

Market Closed - Nasdaq Stockholm Other stock markets 09:30:00 08/05/2026 pm IST			5-day change	1st Jan Change
323.80 ^SEK	-1.22%		+1.47%	+9.43%

08/05	VOLVO B : Jefferies keeps its Buy rating	ZD
07/05	Volvo/Scania venture Milence secures SEK 1.3 billion for European charging network	FW

2ffd3731deb84e6dcade14310.GM9DGRthYBXbJJeNvSw8v6ZB1esbuMO8Vsxgi6Clelk.K4cvK1oALUCuZv77ylwM4PYTvKIp8rHuAvhW8c31ImpBq3tYcVg0e5ZG4A

Published financial data: AB VOLVO

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	36TCr	46TCr	53TCr	50TCr	45TCr
Finance Div. Revenues	1.34TCr	1.74TCr	2.4TCr	2.7TCr	2.65TCr
Total Revenues	37TCr	47TCr	55TCr	53TCr	48TCr
Cost of Goods Sold, Total	27TCr	35TCr	39TCr	36TCr	34TCr
Finance Div. Operating Exp.	1.01TCr	1.65TCr	2.03TCr	2.29TCr	2.26TCr
Gross Profit	8.73TCr	11TCr	15TCr	14TCr	11TCr
Selling General & Admin Expenses, Total	2.64TCr	3.19TCr	3.77TCr	3.9TCr	3.69TCr
R&D Expenses	1.8TCr	2.25TCr	2.66TCr	3.1TCr	2.62TCr
Other Operating Expenses	150Cr	457.5Cr	92Cr	179.2Cr	79Cr
Other Operating Expenses, Total	4.6TCr	5.9TCr	6.53TCr	7.18TCr	6.39TCr
Operating Income	4.13TCr	4.68TCr	8.01TCr	6.79TCr	4.85TCr
Interest Expense, Total	-116.7Cr	-120.5Cr	-116.7Cr	-159.2Cr	-181.9Cr
Interest And Investment Income	36Cr	114Cr	269Cr	270.6Cr	190.9Cr
Net Interest Expenses	-81Cr	-6.5Cr	152.3Cr	111.4Cr	9Cr
Income (Loss) On Equity Invest.	-5.4Cr	-133.3Cr	-256.8Cr	-216.6Cr	-163Cr
Currency Exchange Gains (Loss)	-2.4Cr	-33Cr	-85Cr	-28Cr	-33Cr
Other Non Operating Income (Expenses)	95Cr	-11Cr	-73Cr	-22Cr	-88Cr
EBT, Excl. Unusual Items	4.14TCr	4.5TCr	7.75TCr	6.64TCr	4.58TCr
Restructuring Charges	16Cr	7.7Cr	-257Cr	57Cr	-18Cr
Gain (Loss) On Sale Of Investments	-1.5Cr	-	-1.4Cr	-	-2.4Cr
Gain (Loss) On Sale Of Assets	164.3Cr	-	-219.9Cr	25Cr	184Cr
Legal Settlements	-	-	-600Cr	-	-
EBT, Incl. Unusual Items	4.32TCr	4.51TCr	6.67TCr	6.72TCr	4.74TCr
Income Tax Expense	994.7Cr	1.21TCr	1.68TCr	1.66TCr	1.27TCr
Earnings From Continuing Operations	3.32TCr	3.3TCr	4.99TCr	5.06TCr	3.47TCr
Net Income to Company	3.32TCr	3.3TCr	4.99TCr	5.06TCr	3.47TCr
Minority Interest	-46Cr	-25Cr	-11Cr	-19Cr	-25Cr
Net Income - (IS)	3.28TCr	3.27TCr	4.98TCr	5.04TCr	3.45TCr
Net Income to Common Incl Extra Items	3.28TCr	3.27TCr	4.98TCr	5.04TCr	3.45TCr
Net Income to Common Excl. Extra Items	3.28TCr	3.27TCr	4.98TCr	5.04TCr	3.45TCr
Per Share Items
Net EPS - Basic	16.13	16.1	24.51	24.79	16.94
Basic EPS - Continuing Operations	16.13	16.1	24.51	24.79	16.94
Basic Weighted Average Shares Outstanding	203.3Cr	203.3Cr	203.3Cr	203.3Cr	203.35Cr
Net EPS - Diluted	16.12	16.09	24.5	24.78	16.94
Diluted EPS - Continuing Operations	16.12	16.09	24.5	24.78	16.94
Diluted Weighted Average Shares Outstanding	203.3Cr	203.3Cr	203.3Cr	203.3Cr	203.35Cr
Normalized Basic EPS	12.5	13.71	23.78	20.32	13.94
Normalized Diluted EPS	12.5	13.71	23.78	20.32	13.94
Dividend Per Share	6.5	7	7.5	8	8.5
Payout Ratio	37.21	40.39	28.57	30.27	47.21
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	4.62TCr	5.28TCr	8.65TCr	7.49TCr	5.6TCr
EBITA	4.15TCr	4.7TCr	8.03TCr	6.82TCr	4.89TCr
EBIT	4.13TCr	4.68TCr	8.01TCr	6.79TCr	4.85TCr
EBITDAR	4.68TCr	5.34TCr	8.72TCr	7.57TCr	5.68TCr
Effective Tax Rate - (Ratio)	23.03	26.86	25.17	24.75	26.77
Total Current Taxes	873.9Cr	1.51TCr	1.91TCr	1.57TCr	1.16TCr
Total Deferred Taxes	120.8Cr	-296.1Cr	-226.2Cr	93Cr	106.8Cr
Normalized Net Income	2.54TCr	2.79TCr	4.83TCr	4.13TCr	2.83TCr
Interest on Long-Term Debt	24Cr	26Cr	34Cr	40Cr	44Cr
Non-Cash Pension Expense	2.8Cr	6.1Cr	20Cr	16Cr	22Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	2.16TCr	2.61TCr	3.04TCr	3.12TCr	2.96TCr
General and Administrative Expenses	485.9Cr	586.7Cr	734.2Cr	778.4Cr	721.3Cr
Research And Development Expense From Footnotes	2.07TCr	2.54TCr	2.96TCr	3.44TCr	2.98TCr
Net Rental Expense, Total	59Cr	64Cr	76Cr	83Cr	82Cr
Imputed Operating Lease Interest Expense	3.59Cr	3.33Cr	3.12Cr	4.2Cr	4.63Cr
Imputed Operating Lease Depreciation	56Cr	60Cr	73Cr	79Cr	77Cr
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	6.21TCr	8.39TCr	8.33TCr	8.52TCr	7.34TCr
Short Term Investments	17Cr	9.3Cr	8.9Cr	22Cr	14Cr
Trading Asset Securities, Total	84Cr	76Cr	146Cr	168.9Cr	240.5Cr
Total Cash And Short Term Investments	6.31TCr	8.47TCr	8.49TCr	8.71TCr	7.59TCr
Accounts Receivable, Total	4.05TCr	4.8TCr	4.14TCr	4TCr	2.93TCr
Other Receivables	1.31TCr	1.53TCr	1.65TCr	1.84TCr	1.69TCr
Notes Receivable	125.5Cr	506.2Cr	233.1Cr	372.4Cr	155.9Cr
Total Receivables	5.48TCr	6.83TCr	6.03TCr	6.21TCr	4.78TCr
Inventory	6.37TCr	7.54TCr	7.6TCr	7.71TCr	6.51TCr
Prepaid Expenses	322.5Cr	362.4Cr	383.7Cr	429.6Cr	410.7Cr
Finance Division Loans and Leases Current	6.96TCr	9.04TCr	11TCr	12TCr	11TCr
Finance Division Other Current Assets, Total	58Cr	88Cr	179.9Cr	245.2Cr	186.6Cr
Other Current Assets, Total	44Cr	50Cr	1.22TCr	79Cr	90Cr
Total Current Assets	26TCr	32TCr	35TCr	36TCr	31TCr
Net Property Plant And Equipment	9.43TCr	11TCr	11TCr	13TCr	12TCr
Long-term Investments	2.33TCr	2.72TCr	2.49TCr	2.77TCr	2.74TCr
Goodwill	-	-	-	-	2.37TCr
Other Intangibles, Total	3.7TCr	4.15TCr	4.24TCr	4.42TCr	2.28TCr
Finance Division Loans and Leases Long-Term	8.34TCr	11TCr	12TCr	13TCr	13TCr
Finance Division Other Long-Term Assets, Total	136.4Cr	211.5Cr	225.3Cr	221.6Cr	147.6Cr
Accounts Receivable Long-Term	258.1Cr	247.5Cr	1.4Cr	145.8Cr	1.4Cr
Loans Receivable Long-Term	44Cr	68Cr	90Cr	86Cr	77Cr
Deferred Tax Assets Long-Term	974.4Cr	1.22TCr	1.41TCr	1.39TCr	1.15TCr
Other Long-Term Assets, Total	824.3Cr	740.5Cr	621.2Cr	628.9Cr	501.9Cr
Total Assets	52TCr	63TCr	67TCr	71TCr	65TCr
Liabilities
Accounts Payable, Total	7.61TCr	8.92TCr	8.19TCr	7.76TCr	6.73TCr
Accrued Expenses, Total	3.45TCr	4.14TCr	4.5TCr	4.77TCr	4.37TCr
Short-term Borrowings	1.37TCr	635.8Cr	-	-	-
Current Portion of Long-Term Debt	3.42TCr	6.43TCr	9.68TCr	10TCr	11TCr
Current Portion of Leases	163.2Cr	177.7Cr	187.7Cr	210.4Cr	211.1Cr
Finance Division Other Current Liabilities, Total	126.9Cr	178.7Cr	206.4Cr	215.1Cr	177.5Cr
Current Income Taxes Payable	372Cr	614.7Cr	414Cr	191.7Cr	272.1Cr
Unearned Revenue Current, Total	1.31TCr	1.6TCr	1.33TCr	1.62TCr	1.47TCr
Other Current Liabilities	2.42TCr	2.52TCr	3.93TCr	3.15TCr	2.49TCr
Total Current Liabilities	20TCr	25TCr	28TCr	28TCr	27TCr
Long-Term Debt	9.98TCr	14TCr	14TCr	15TCr	13TCr
Long-Term Leases	446.9Cr	480.6Cr	531.4Cr	594.4Cr	586.2Cr
Finance Division Other Non Current Liabilities, Total	223.5Cr	253.3Cr	239.5Cr	244.5Cr	176.1Cr
Unearned Revenue Non Current	2.25TCr	2.75TCr	2.66TCr	3.16TCr	3.01TCr
Pension & Other Post Retirement Benefits	1.21TCr	869Cr	1.11TCr	1.26TCr	860.4Cr
Deferred Tax Liability Non Current	277.3Cr	306Cr	248.7Cr	248.3Cr	357.3Cr
Other Non Current Liabilities	2.55TCr	2.74TCr	2.57TCr	2.62TCr	2.22TCr
Total Liabilities	37TCr	46TCr	49TCr	52TCr	47TCr
Common Stock, Total	256.2Cr	256.2Cr	256.2Cr	256.2Cr	256.2Cr
Retained Earnings	14TCr	15TCr	17TCr	18TCr	18TCr
Comprehensive Income and Other	230.9Cr	1.26TCr	961.5Cr	1.19TCr	-373.6Cr
Total Common Equity	14TCr	16TCr	18TCr	19TCr	18TCr
Minority Interest	307.3Cr	351.9Cr	294.8Cr	331.2Cr	8.3Cr
Total Equity	14TCr	17TCr	18TCr	20TCr	18TCr
Total Liabilities And Equity	52TCr	63TCr	67TCr	71TCr	65TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	203.35Cr	203.35Cr	203.35Cr	203.35Cr	203.35Cr
ECS Total Common Shares Outstanding	203.35Cr	203.35Cr	203.35Cr	203.35Cr	203.35Cr
Book Value / Share	69.36	80.02	87.43	95.43	87.73
Tangible Book Value	10TCr	12TCr	14TCr	15TCr	13TCr
Tangible Book Value Per Share	51.13	59.59	66.53	73.62	64.83
Total Debt	15TCr	21TCr	24TCr	26TCr	25TCr
Net Debt	9.07TCr	13TCr	15TCr	18TCr	17TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	636.3Cr	293Cr	618.5Cr	751.8Cr	428Cr
Debt Equivalent Oper. Leases	473.6Cr	508Cr	606.4Cr	664.8Cr	653.6Cr
Minority Interest, Total (Incl. Fin. Div)	307.3Cr	351.9Cr	294.8Cr	331.2Cr	8.3Cr
Equity Method Investments, Total	2.07TCr	2.16TCr	1.92TCr	2.25TCr	2.11TCr
Account Code - Inventory Valuation	5	5	5	5	5
Full Time Employees	84.95T	86.99T	89.72T	89.68T	85.33T
Part Time Employees	1.29T	4.22T	4.08T	4.33T	4.51T

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	3.28TCr	3.27TCr	4.98TCr	5.04TCr	3.45TCr
Depreciation & Amortization - CF	662.4Cr	796.6Cr	853.9Cr	912.8Cr	969.2Cr
Amortization of Goodwill and Intangible Assets - (CF)	13Cr	12Cr	15Cr	21Cr	39Cr
Depreciation & Amortization, Total	675.8Cr	808.4Cr	869Cr	934.2Cr	1.01TCr
Amortization of Deferred Charges, Total - (CF)	1.13TCr	1.13TCr	1.17TCr	1.21TCr	1.19TCr
(Gain) Loss From Sale Of Asset	-161.6Cr	-23Cr	177.8Cr	-27Cr	-180.1Cr
(Gain) Loss on Sale of Investments - (CF)	1.5Cr	-11Cr	23Cr	3.4Cr	3.7Cr
Asset Writedown & Restructuring Costs	48Cr	133.6Cr	321.7Cr	55Cr	147.9Cr
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	6.7Cr	133.3Cr	236.8Cr	216.6Cr	163Cr
Provision and Write-off of Bad Debts	53Cr	426Cr	139.8Cr	176.4Cr	229.1Cr
Other Operating Activities, Total	77Cr	321.4Cr	326.4Cr	-131.6Cr	258.7Cr
Change In Accounts Receivable	-206.2Cr	-577Cr	21Cr	400.9Cr	-228.9Cr
Change In Inventories	-1.23TCr	-591.1Cr	-948.6Cr	221.2Cr	159.3Cr
Change In Accounts Payable	1.32TCr	803.1Cr	-472.2Cr	-677.8Cr	256.3Cr
Change in Other Net Operating Assets	-1.63TCr	-2.5TCr	-4.18TCr	-2.77TCr	-1.9TCr
Cash from Operations	3.36TCr	3.32TCr	2.67TCr	4.64TCr	4.56TCr
Capital Expenditure	-1.81TCr	-2.05TCr	-2.34TCr	-1.39TCr	-1.83TCr
Sale of Property, Plant, and Equipment	583.7Cr	555.8Cr	568Cr	48Cr	67Cr
Cash Acquisitions	-79Cr	-26Cr	-7.7Cr	-300.6Cr	-80Cr
Divestitures	2.28TCr	15Cr	-226.8Cr	237.1Cr	163.9Cr
Sale (Purchase) of Intangible assets	-372.2Cr	-539Cr	-527.8Cr	-449.3Cr	-778.6Cr
Investment in Marketable and Equity Securities, Total	-738.4Cr	-93Cr	-123.5Cr	-488.9Cr	-213.7Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-8.7Cr	-16Cr	-28Cr	-71Cr	-72Cr
Cash from Investing	-148.9Cr	-2.15TCr	-2.68TCr	-2.41TCr	-2.75TCr
Long-Term Debt Issued, Total	8.91TCr	18TCr	24TCr	34TCr	47TCr
Total Debt Issued	8.91TCr	18TCr	24TCr	34TCr	47TCr
Long-Term Debt Repaid, Total	-9.61TCr	-14TCr	-21TCr	-33TCr	-46TCr
Total Debt Repaid	-9.61TCr	-14TCr	-21TCr	-33TCr	-46TCr
Common Dividends Paid	-1.22TCr	-1.32TCr	-1.42TCr	-1.53TCr	-1.63TCr
Common & Preferred Stock Dividends Paid	-1.22TCr	-1.32TCr	-1.42TCr	-1.53TCr	-1.63TCr
Special Dividend Paid	-3.76TCr	-1.32TCr	-1.42TCr	-2.14TCr	-2.14TCr
Other Financing Activities, Total	-76Cr	-6.3Cr	-51Cr	-9Cr	-8.3Cr
Cash from Financing	-5.76TCr	748.3Cr	182.1Cr	-2.19TCr	-2.54TCr
Foreign Exchange Rate Adjustments	231.6Cr	252Cr	-221.1Cr	141Cr	-454.1Cr
Miscellaneous Cash Flow Adjustments	10L	-	-	-10L	10L
Net Change in Cash	-2.31TCr	2.18TCr	-56Cr	184.5Cr	-1.18TCr
Supplemental Items
Cash Interest Paid	85Cr	86Cr	115.8Cr	124.4Cr	145.8Cr
Cash Income Tax Paid (Refund)	965.1Cr	1.16TCr	2.08TCr	1.84TCr	1.15TCr
Levered Free Cash Flow	2.98TCr	214.8Cr	1.97TCr	3.12TCr	4.46TCr
Unlevered Free Cash Flow	3.05TCr	290.11Cr	2.04TCr	3.22TCr	4.57TCr
Change In Net Working Capital	-839.9Cr	1.99TCr	2.14TCr	1.33TCr	-1.95TCr
Net Debt Issued / Repaid	-697.2Cr	3.4TCr	3.08TCr	1.48TCr	1.23TCr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.03	5.11	7.69	6.12	4.45
Return on Total Capital	8.61	8.63	12.52	9.63	6.82
Return On Equity %	22.75	21.25	28.78	26.75	18.47
Return on Common Equity	22.9	21.54	29.26	27.1	18.5
Margin Analysis
Gross Profit Margin %	23.46	22.36	26.31	26.52	23.45
SG&A Margin	7.1	6.74	6.82	7.41	7.69
EBITDA Margin %	12.4	11.15	15.64	14.21	11.68
EBITA Margin %	11.14	9.92	14.52	12.94	10.2
EBIT Margin %	11.11	9.89	14.5	12.9	10.12
Income From Continuing Operations Margin %	8.93	6.96	9.03	9.6	7.24
Net Income Margin %	8.81	6.91	9.01	9.56	7.19
Net Avail. For Common Margin %	8.81	6.91	9.01	9.56	7.19
Normalized Net Income Margin	6.83	5.89	8.74	7.84	5.92
Levered Free Cash Flow Margin	7.99	0.45	3.56	5.93	9.31
Unlevered Free Cash Flow Margin	8.19	0.61	3.69	6.12	9.54
Asset Turnover
Asset Turnover	0.73	0.83	0.85	0.76	0.7
Fixed Assets Turnover	4.11	4.71	5.1	4.48	3.84
Receivables Turnover (Average Receivables)	9.12	10.25	11.77	12.28	13.06
Inventory Turnover (Average Inventory)	4.95	5.05	5.12	4.76	4.84
Short Term Liquidity
Current Ratio	1.26	1.28	1.24	1.28	1.15
Quick Ratio	0.92	0.95	0.9	0.96	0.87
Operating Cash Flow to Current Liabilities	0.17	0.13	0.09	0.17	0.17
Days Sales Outstanding (Average Receivables)	40	35.59	31.02	29.8	27.95
Days Outstanding Inventory (Average Inventory)	73.72	72.3	71.36	76.93	75.41
Average Days Payable Outstanding	84.66	83.13	80.53	79.89	79.59
Cash Conversion Cycle (Average Days)	29.06	24.76	21.84	26.83	23.77
Long Term Solvency
Total Debt/Equity	106.74	128.75	132.4	134.14	139.39
Total Debt / Total Capital	51.63	56.28	56.97	57.29	58.23
LT Debt/Equity	72.34	85.17	77.79	81.51	77.31
Long-Term Debt / Total Capital	34.99	37.23	33.47	34.81	32.29
Total Liabilities / Total Assets	72.06	73.57	73.19	72.38	72.48
EBIT / Interest Expense	35.43	38.87	68.67	42.67	26.66
EBITDA / Interest Expense	41.22	45.58	76.11	48.54	32.21
(EBITDA - Capex) / Interest Expense	25.69	28.6	56.07	39.82	22.12
Total Debt / EBITDA	3.2	3.9	2.69	3.43	4.25
Net Debt / EBITDA	1.89	2.35	1.74	2.3	2.95
Total Debt / (EBITDA - Capex)	5.13	6.21	3.66	4.18	6.18
Net Debt / (EBITDA - Capex)	3.02	3.75	2.36	2.8	4.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.98	27.21	16.75	-4.61	-9.04
Gross Profit, 1 Yr. Growth %	16.24	21.27	37.35	-4.26	-19.56
EBITDA, 1 Yr. Growth %	41.34	12.74	63.58	-13.94	-25.73
EBITA, 1 Yr. Growth %	45.06	13.21	70.7	-15.66	-28.77
EBIT, 1 Yr. Growth %	45.49	13.29	70.81	-15.76	-29.12
Earnings From Cont. Operations, 1 Yr. Growth %	65.61	-0.82	51.45	1.29	-31.38
Net Income, 1 Yr. Growth %	69.72	-0.2	52.27	1.13	-31.62
Normalized Net Income, 1 Yr. Growth %	48.51	9.66	73.09	-14.54	-31.88
Diluted EPS Before Extra, 1 Yr. Growth %	69.68	-0.19	52.27	1.14	-31.64
Accounts Receivable, 1 Yr. Growth %	6.29	17.17	-14.66	-3.33	-26.68
Inventory, 1 Yr. Growth %	34.78	18.31	0.77	1.53	-15.58
Net Property, Plant and Equip., 1 Yr. Growth %	8.41	13.04	3.44	13.39	-0.66
Total Assets, 1 Yr. Growth %	0.99	21.95	7.15	6.01	-9.23
Tangible Book Value, 1 Yr. Growth %	-6.09	16.54	11.64	10.67	-11.94
Common Equity, 1 Yr. Growth %	-2.93	15.37	9.26	9.14	-8.07
Cash From Operations, 1 Yr. Growth %	9.92	-1.2	-19.76	117.07	-1.83
Capital Expenditures, 1 Yr. Growth %	26.72	12.91	14.33	5.88	32.05
Levered Free Cash Flow, 1 Yr. Growth %	-25.97	-92.78	795.14	4.38	41.41
Unlevered Free Cash Flow, 1 Yr. Growth %	-25.72	-90.48	591.29	4.05	40.58
Dividend Per Share, 1 Yr. Growth %	8.33	7.69	7.14	6.67	6.25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.17	18.28	21.86	5.48	-6.85
Gross Profit, 2 Yr. CAGR %	-8.1	18.73	29.06	14.88	-12.24
EBITDA, 2 Yr. CAGR %	-4.73	27.11	35.91	19.01	-19.8
EBITA, 2 Yr. CAGR %	-4.56	28.15	39.13	20.38	-22.21
EBIT, 2 Yr. CAGR %	-4.41	28.38	39.22	20.34	-22.45
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.56	28.16	22.56	23.86	-16.63
Net Income, 2 Yr. CAGR %	-4.38	30.15	23.27	24.09	-16.84
Normalized Net Income, 2 Yr. CAGR %	-3.5	27.62	37.89	21.62	-23.42
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.4	30.14	23.28	24.1	-16.85
Accounts Receivable, 2 Yr. CAGR %	0.13	12.21	0.51	-9.17	-15.81
Inventory, 2 Yr. CAGR %	6.59	26.28	9.19	1.15	-7.42
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.25	10.7	8.14	8.3	6.13
Total Assets, 2 Yr. CAGR %	-0.86	10.97	14.31	6.58	-1.91
Tangible Book Value, 2 Yr. CAGR %	1	4.62	14.06	11.15	-1.28
Common Equity, 2 Yr. CAGR %	0.88	5.83	12.27	9.2	0.17
Cash From Operations, 2 Yr. CAGR %	-7.17	4.21	-10.96	18.2	45.98
Capital Expenditures, 2 Yr. CAGR %	0.17	19.62	13.62	-17.59	18.24
Levered Free Cash Flow, 2 Yr. CAGR %	172.72	-76.88	-18.71	277.14	22.08
Unlevered Free Cash Flow, 2 Yr. CAGR %	221.23	-73.41	-18.21	230.58	21.51
Dividend Per Share, 2 Yr. CAGR %	-	8.01	7.42	6.9	6.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.61	3.1	17.77	12.28	0.4
Gross Profit, 3 Yr. CAGR %	1.05	0.8	24.64	16.97	2.01
EBITDA, 3 Yr. CAGR %	6.14	1.24	38.33	16.94	1.92
EBITA, 3 Yr. CAGR %	8.13	1.03	41.08	18	1.3
EBIT, 3 Yr. CAGR %	8.33	1.16	41.28	18.01	1.11
Earnings From Cont. Operations, 3 Yr. CAGR %	9.44	-3.33	35.49	15.01	1.73
Net Income, 3 Yr. CAGR %	9.61	-3.01	37.14	15.4	1.74
Normalized Net Income, 3 Yr. CAGR %	8.98	0.7	41.34	17.56	0.5
Diluted EPS Before Extra, 3 Yr. CAGR %	9.61	-3.02	37.13	15.41	1.73
Accounts Receivable, 3 Yr. CAGR %	-0.74	5.9	2.77	-0.78	-15.43
Inventory, 3 Yr. CAGR %	-0.85	10.36	17.13	6.57	-4.77
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.51	3.3	8.23	9.86	5.23
Total Assets, 3 Yr. CAGR %	2.81	6.22	9.68	11.47	1.02
Tangible Book Value, 3 Yr. CAGR %	6.83	5.93	6.91	12.92	2.85
Common Equity, 3 Yr. CAGR %	4.56	5.49	6.96	11.22	3.11
Cash From Operations, 3 Yr. CAGR %	2.56	-5.22	-4.48	11.34	11.11
Capital Expenditures, 3 Yr. CAGR %	1.9	4.25	17.83	-8.47	-3.57
Levered Free Cash Flow, 3 Yr. CAGR %	49.9	-18.72	-21.21	1.64	172.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	45.63	-0.6	-20.79	1.88	149.37
Dividend Per Share, 3 Yr. CAGR %	9.14	-	7.72	7.17	6.69
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.28	7.31	7.18	4.05	7.2
Gross Profit, 5 Yr. CAGR %	5.2	6.58	11.44	6.21	8.39
EBITDA, 5 Yr. CAGR %	10.72	8.87	17.5	8.03	11.36
EBITA, 5 Yr. CAGR %	13.93	10.77	19.6	8.4	11.33
EBIT, 5 Yr. CAGR %	14.25	10.96	19.77	8.47	11.28
Earnings From Cont. Operations, 5 Yr. CAGR %	20.25	9.66	14.51	6.74	11.57
Net Income, 5 Yr. CAGR %	20.05	9.82	14.88	7.04	12.27
Normalized Net Income, 5 Yr. CAGR %	15.5	10.7	19.74	8.64	10.61
Diluted EPS Before Extra, 5 Yr. CAGR %	20.03	9.83	14.89	7.03	12.26
Accounts Receivable, 5 Yr. CAGR %	3.82	4.85	-0.02	-0.2	-5.11
Inventory, 5 Yr. CAGR %	5.79	7.61	3.05	6.58	6.61
Net Property, Plant and Equip., 5 Yr. CAGR %	0.83	2.36	2.24	5.27	7.39
Total Assets, 5 Yr. CAGR %	5.28	8.47	7.27	6.37	4.89
Tangible Book Value, 5 Yr. CAGR %	12.33	11.61	9.67	7.99	3.55
Common Equity, 5 Yr. CAGR %	7.98	8.98	7.58	6.96	4.19
Cash From Operations, 5 Yr. CAGR %	13.89	-2.43	-3.08	3.53	8.3
Capital Expenditures, 5 Yr. CAGR %	0.74	3.49	6.43	-5.11	5.11
Levered Free Cash Flow, 5 Yr. CAGR %	51.82	-38.5	17.35	50.84	2.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	64.45	-35.29	15.62	61.28	2.19
Dividend Per Share, 5 Yr. CAGR %	14.87	10.49	8.45	-	7.21