Cash flow Adani Energy Solutions Limited

Equities

ADANIENSOL

INE931S01010

Electric Utilities

End-of-day quote NSE India S.E. Other stock markets 09/01/2026			5-day change	1st Jan Change
960.60 ^INR	-3.39%		-9.20%	-6.50%

24/12	Adani Energy Solutions Limited, Q2 2026 Earnings Call, Oct 28, 2025
22/12	GE Vernova gets contract for HVDC technology in Adani's 2.5-GW transmission corridor in India	RE

d9755cc6a7ddf756.r1yalA3ADLSmF4ZrJoGpKCTv5s3Hz89qoCexbksp0dY.x2ngwFSsf_jwf8cmULTAcEC8sImBjLpS7hXeFA8ZiJDILvH7bu1E_s118Q

Published financial data: ADANI ENERGY SOLUTIONS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues - (Utility Template)	9.93TCr	11TCr	13TCr	17TCr	24TCr
Other Revenues, Total	-	-	-	-	41L
Total Revenues	9.93TCr	11TCr	13TCr	17TCr	24TCr
Fuel & Purchased Power	972.56Cr	1.07TCr	1.38TCr	1.12TCr	623.54Cr
Operations And Maintenance	459.37Cr	543.72Cr	531.88Cr	675.76Cr	558.91Cr
Selling General & Admin Expenses, Total	15Cr	17Cr	25Cr	23Cr	32Cr
Depreciation & Amortization - (IS) - (Collected)	1.33TCr	1.43TCr	1.61TCr	1.78TCr	1.91TCr
Provision for Bad Debts	27Cr	18Cr	15Cr	17Cr	17Cr
Other Operating Expenses	4.49TCr	5.39TCr	6.58TCr	8.6TCr	14TCr
Total Operating Expenses	7.29TCr	8.46TCr	10TCr	12TCr	17TCr
Operating Income (REIT / Utility Template)	2.64TCr	2.8TCr	3.15TCr	4.4TCr	6.55TCr
Interest Expense, Total	-1.89TCr	-2.19TCr	-2.74TCr	-2.7TCr	-3.14TCr
Interest and Investment Income	466.95Cr	508.99Cr	494.77Cr	386.62Cr	488.36Cr
Net Interest Expenses	-1.43TCr	-1.68TCr	-2.24TCr	-2.31TCr	-2.65TCr
Currency Exchange Gains (Loss)	-208.61Cr	-153.31Cr	-46L	-40L	-1.13Cr
Other Non Operating Income (Expenses)	570.67Cr	727.73Cr	998.71Cr	-493.04Cr	-1.46TCr
EBT, Excl. Unusual Items	1.57TCr	1.69TCr	1.9TCr	1.59TCr	2.44TCr
Restructuring Charges	-	-	-211.72Cr	-	-
Gain (Loss) on Sale of Investments	46Cr	10Cr	21Cr	43Cr	125.92Cr
Gain (Loss) on Sale of Assets	-	-5L	-20L	3.73Cr	3.8Cr
Other Unusual Items	2.11Cr	80L	51L	144.88Cr	-1.49TCr
EBT, Incl. Unusual Items	1.62TCr	1.7TCr	1.71TCr	1.78TCr	1.07TCr
Income Tax Expense	330.33Cr	464.74Cr	431.12Cr	583.95Cr	153.16Cr
Earnings From Continuing Operations	1.29TCr	1.24TCr	1.28TCr	1.2TCr	921.69Cr
Net Income to Company	1.29TCr	1.24TCr	1.28TCr	1.2TCr	921.69Cr
Minority Interest	-66Cr	-31Cr	-24Cr	-58Cr	138.28Cr
Net Income - (IS)	1.22TCr	1.2TCr	1.26TCr	1.14TCr	1.06TCr
Preferred Dividend and Other Adjustments	231.68Cr	226.3Cr	20Cr	-	-
Net Income to Common Incl Extra Items	992.36Cr	978.31Cr	1.24TCr	1.14TCr	1.06TCr
Net Income to Common Excl. Extra Items	992.36Cr	978.31Cr	1.24TCr	1.14TCr	1.06TCr
Per Share Items
Net EPS - Basic	9.02	8.9	11.1	10.2	9.05
Basic EPS - Continuing Operations	9.02	8.9	11.1	10.2	9.05
Basic Weighted Average Shares Outstanding	109.98Cr	109.98Cr	111.37Cr	111.55Cr	117.14Cr
Net EPS - Diluted	9.02	8.9	11.1	10.2	9.05
Diluted EPS - Continuing Operations	9.02	8.9	11.1	10.2	9.05
Diluted Weighted Average Shares Outstanding	109.98Cr	109.98Cr	111.37Cr	111.55Cr	117.14Cr
Normalized Basic EPS	8.34	9.32	10.46	8.37	14.19
Normalized Diluted EPS	8.34	9.32	10.46	8.37	14.19
Payout Ratio	0.11	0.03	-	7.54	-
Supplemental Items
Utility Revenues	8.82TCr	10TCr	12TCr	14TCr	17TCr
Non Utility Revenues	1.64TCr	1.87TCr	1.74TCr	2.89TCr	7.48TCr
EBITDA	3.93TCr	4.18TCr	4.7TCr	6.1TCr	8.39TCr
EBITA	2.64TCr	2.8TCr	3.15TCr	4.4TCr	6.55TCr
EBIT	2.64TCr	2.8TCr	3.15TCr	4.4TCr	6.55TCr
EBITDAR	3.94TCr	4.19TCr	4.72TCr	6.12TCr	8.42TCr
Total Revenues (As Reported)	10TCr	12TCr	14TCr	17TCr	24TCr
Effective Tax Rate - (Ratio)	20.39	27.33	25.19	32.81	14.25
Current Domestic Taxes	-	-	260.94Cr	298.6Cr	195.04Cr
Total Current Taxes	187.01Cr	244.23Cr	260.94Cr	298.6Cr	195.04Cr
Deferred Domestic Taxes	-	-	170.18Cr	285.35Cr	-42Cr
Total Deferred Taxes	143.32Cr	220.51Cr	170.18Cr	285.35Cr	-42Cr
Normalized Net Income	916.78Cr	1.02TCr	1.16TCr	934.08Cr	1.66TCr
Interest Capitalized	189.51Cr	-	-	-	-
Interest on Long-Term Debt	189.53Cr	11Cr	9.41Cr	7.73Cr	7.14Cr
Non-Cash Pension Expense	11Cr	12Cr	-4.75Cr	14Cr	12Cr
Supplemental Operating Expense Items
Net Rental Expense, Total	15Cr	17Cr	25Cr	23Cr	32Cr
Imputed Operating Lease Interest Expense	9.88Cr	11Cr	17Cr	14Cr	21Cr
Imputed Operating Lease Depreciation	5.38Cr	6.6Cr	7.91Cr	8.88Cr	11Cr
Maintenance & Repair Expenses, Total	459.37Cr	543.72Cr	531.88Cr	675.76Cr	558.91Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	263.68Cr	189.05Cr	190.64Cr	742.06Cr	2.19TCr
Short Term Investments - (Utility / Insurance Templates)	180.38Cr	6.15Cr	679.8Cr	751.46Cr	973.25Cr
Trading Asset Securities, Total	-	260.53Cr	1.02TCr	426.86Cr	2.26TCr
Accounts Receivable, Total	2.28TCr	1.89TCr	3.16TCr	4.04TCr	4.98TCr
Other Receivables	21Cr	146.47Cr	84Cr	164.54Cr	137.69Cr
Accounts Receivable (Summary Subtotal)	2.3TCr	2.04TCr	3.24TCr	4.2TCr	5.12TCr
Inventory - (Utility Template)	233.71Cr	250.11Cr	151.91Cr	255.28Cr	625.24Cr
Prepaid Expenses	36Cr	124.69Cr	46Cr	40Cr	87Cr
Notes Receivable (Collected)	24Cr	7.81Cr	477.2Cr	407.78Cr	6.45Cr
Other Current Assets, Total	1.52TCr	1.64TCr	1.14TCr	1.22TCr	2.33TCr
Total Current Assets	4.56TCr	4.52TCr	6.94TCr	8.05TCr	14TCr
Gross Property Plant And Equipment	36TCr	40TCr	45TCr	50TCr	54TCr
Accumulated Depreciation	-5.01TCr	-6.51TCr	-8.03TCr	-9.76TCr	-11TCr
Net Property Plant And Equipment	31TCr	34TCr	37TCr	40TCr	44TCr
Regulatory Assets	439.45Cr	1.12TCr	1.96TCr	1.57TCr	3.09TCr
Goodwill	592.88Cr	598.29Cr	598.29Cr	598.29Cr	598.29Cr
Other Intangibles, Total	1.02TCr	1.1TCr	1.1TCr	1.1TCr	1.12TCr
Long-Term Investments - (Utility Template)	-	-	-	-	1L
Accounts Receivable Long-Term	159.14Cr	1.07TCr	867Cr	803.7Cr	4.36TCr
Loans Receivable Long-Term - (Utility Template)	1.07TCr	1.13TCr	26Cr	23Cr	16Cr
Deferred Tax Assets Long-Term (Collected)	-	-	-	40Cr	58Cr
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	4.76TCr	4.29TCr	5.29TCr	6.17TCr	7.59TCr
Total Assets	43TCr	47TCr	54TCr	59TCr	74TCr
Liabilities
Accounts Payable, Total	1.24TCr	1.61TCr	1.8TCr	1.72TCr	2.96TCr
Accrued Expenses, Total	450.09Cr	525.24Cr	638.23Cr	781.41Cr	1.14TCr
Short-Term Borrowings	1.97TCr	1.46TCr	2.19TCr	2.55TCr	1.98TCr
Current Portion of Long-Term Debt	1.19TCr	585.12Cr	681.82Cr	901.38Cr	1.23TCr
Current Portion of Leases	45Cr	21Cr	20Cr	15Cr	34Cr
Current Income Taxes Payable	6.48Cr	12Cr	8.01Cr	3.18Cr	5.09Cr
Unearned Revenue, Current	9.54Cr	11Cr	13Cr	15Cr	23Cr
Other Current Liabilities - (Bank / Utility Template)	1.51TCr	1.44TCr	1.67TCr	1.98TCr	2.56TCr
Total Current Liabilities	6.42TCr	5.66TCr	7.02TCr	7.96TCr	9.92TCr
Long-Term Debt	24TCr	28TCr	31TCr	34TCr	37TCr
Long-Term Leases	89Cr	66Cr	52Cr	45Cr	51Cr
Unearned Revenue Non Current	231.77Cr	290.25Cr	332.96Cr	420.37Cr	-
Pension & Other Post Retirement Benefits	168.36Cr	197Cr	182.51Cr	239.81Cr	260.71Cr
Deferred Tax Liability Non-Current	1.19TCr	1.41TCr	1.54TCr	1.65TCr	1.75TCr
Other Non Current Liabilities, Total	1.31TCr	1.06TCr	716.82Cr	994.76Cr	1.97TCr
Total Liabilities	33TCr	36TCr	41TCr	45TCr	51TCr
Common Stock, Total	1.1TCr	1.1TCr	1.12TCr	1.12TCr	1.2TCr
Additional Paid In Capital	-	-	3.83TCr	3.83TCr	12TCr
Retained Earnings	2.5TCr	3.49TCr	4.68TCr	5.8TCr	6.86TCr
Comprehensive Income and Other	5.32TCr	5.32TCr	2.03TCr	1.89TCr	2.06TCr
Total Common Equity	8.92TCr	9.91TCr	12TCr	13TCr	22TCr
Minority Interest	1.1TCr	1.09TCr	1.1TCr	1.06TCr	943.06Cr
Total Equity	10TCr	11TCr	13TCr	14TCr	23TCr
Total Liabilities And Equity	43TCr	47TCr	54TCr	59TCr	74TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	109.98Cr	109.98Cr	111.55Cr	111.55Cr	120.13Cr
ECS Total Common Shares Outstanding	109.98Cr	109.98Cr	111.55Cr	111.55Cr	120.13Cr
Book Value / Share	55.37	62.35	104.55	113.33	183.71
Tangible Book Value	7.3TCr	8.22TCr	9.96TCr	11TCr	20TCr
Tangible Book Value Per Share	40.66	46.95	89.33	98.09	169.42
Total Debt	27TCr	30TCr	34TCr	37TCr	40TCr
Net Debt	27TCr	29TCr	32TCr	35TCr	35TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	180.72Cr	212.59Cr	195.01Cr	256.61Cr	273.92Cr
Debt Equivalent Oper. Leases	122.08Cr	137.2Cr	199.76Cr	180.16Cr	259.04Cr
Minority Interest, Total (Incl. Fin. Div)	1.1TCr	1.09TCr	1.1TCr	1.06TCr	943.06Cr
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	147.12Cr	163.23Cr	57Cr	137.31Cr	-
Inventories - Others	87Cr	87Cr	95Cr	117.97Cr	625.24Cr
Land - (BS)	2.76TCr	2.86TCr	2.9TCr	3.01TCr	2.1TCr
Buildings, Total	1.03TCr	1.12TCr	1.19TCr	1.37TCr	1.23TCr
Machinery, Total	26TCr	30TCr	34TCr	42TCr	44TCr
Full Time Employees	5.28T	5.1T	5T	4.96T	4.19T
Accumulated Allowance for Doubtful Accounts (Supple)	11Cr	12Cr	24Cr	24Cr	24Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	1.22TCr	1.2TCr	1.26TCr	1.14TCr	1.06TCr
Depreciation, Depletion & Amortization	1.32TCr	1.41TCr	1.58TCr	1.74TCr	1.86TCr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	63L
Total Depreciation, Depletion & Amortization	1.32TCr	1.41TCr	1.58TCr	1.74TCr	1.87TCr
Amortization of Deferred Charges, Total	7.21Cr	17Cr	29Cr	40Cr	41Cr
(Gain) Loss On Sale of Asset - (CF)	-	4.12Cr	20L	-3.73Cr	-3.8Cr
(Gain) Loss on Sale of Investments - (CF)	-46Cr	-10Cr	-21Cr	-43Cr	-125.92Cr
Provision and Write-off of Bad Debts	27Cr	18Cr	34Cr	17Cr	-17Cr
Change in Accounts Receivable	-39Cr	-105.44Cr	-394.95Cr	-144.45Cr	327.32Cr
Change In Inventories	312.86Cr	-16Cr	98Cr	-103.37Cr	-476.1Cr
Change in Accounts Payable	-402.3Cr	433.45Cr	219.55Cr	-59Cr	967.18Cr
Change in Other Net Operating Assets (Collected)	-403.17Cr	-876.34Cr	-1.5TCr	901Cr	1.03TCr
Other Operating Activities	1.78TCr	2.02TCr	2.48TCr	2.56TCr	4.03TCr
Cash from Operations	3.78TCr	4.1TCr	3.78TCr	6.04TCr	8.7TCr
Capital Expenditure	-3.95TCr	-4.19TCr	-4.7TCr	-5.43TCr	-9.38TCr
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-563.24Cr	-143.48Cr	-43Cr	-35Cr	-2.58TCr
Divestitures	-	-	-	-	815Cr
Purchase / Sale of Intangible Assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.09TCr	-41Cr	-1.01TCr	188.46Cr	-2.22TCr
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.34TCr	-38Cr	633.05Cr	3.83Cr	403.24Cr
Other Investing Activities, Total	234.06Cr	465.19Cr	418.68Cr	329.01Cr	-2.27TCr
Cash from Investing	-4.03TCr	-3.95TCr	-4.7TCr	-4.94TCr	-15TCr
Short Term Debt Issued, Total	2.81TCr	-	731.2Cr	361.25Cr	-
Long-Term Debt Issued, Total	2.54TCr	8.21TCr	5.17TCr	5.46TCr	7.25TCr
Total Debt Issued	5.34TCr	8.21TCr	5.9TCr	5.82TCr	7.25TCr
Short Term Debt Repaid, Total	-2.07TCr	-511.05Cr	-	-	-565.38Cr
Long-Term Debt Repaid, Total	-1.36TCr	-5.58TCr	-3.6TCr	-3.3TCr	-4.19TCr
Total Debt Repaid	-3.43TCr	-6.1TCr	-3.6TCr	-3.3TCr	-4.76TCr
Issuance of Common Stock	-	-	3.85TCr	-	8.37TCr
Repurchase of Common Stock	-680Cr	-	-3.08TCr	-	-
Common Dividends Paid	-1.39Cr	-34L	-	-86Cr	-
Common & Preferred Stock Dividends Paid	-1.39Cr	-34L	-	-86Cr	-
Other Financing Activities, Total	-1.97TCr	-2.35TCr	-2.15TCr	-2.98TCr	-2.89TCr
Cash from Financing	-744.65Cr	-234.86Cr	923.22Cr	-543.24Cr	7.98TCr
Miscellaneous Cash Flow Adjustments	16Cr	12Cr	9L	7L	5.47Cr
Net Change in Cash	-969.31Cr	-75Cr	1.59Cr	551.42Cr	1.45TCr
Supplemental Items
Cash Interest Paid	1.99TCr	2.38TCr	2.21TCr	3.22TCr	2.98TCr
Cash Income Tax Paid (Refund)	252.53Cr	266.86Cr	245.56Cr	300.08Cr	228.7Cr
Net Debt Issued / Repaid	1.91TCr	2.12TCr	2.3TCr	2.52TCr	2.49TCr
Levered Free Cash Flow	676.48Cr	-1.96TCr	-4.27TCr	-3.33TCr	-5.19TCr
Unlevered Free Cash Flow	1.86TCr	-586.79Cr	-2.56TCr	-1.64TCr	-3.23TCr
Change In Net Working Capital	-2.84TCr	-428.28Cr	1.43TCr	731.03Cr	-152.31Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.97	3.86	3.88	4.88	6.18
Return on Total Capital	4.64	4.48	4.48	5.61	7.18
Return On Equity %	13.17	11.75	10.78	9	5.02
Return on Common Equity	11.39	10.39	11.46	9.33	6.11
Margin Analysis
Gross Profit Margin %	58.67	53.72	51.02	56.86	45.84
SG&A Margin	9.53	8.01	6.02	5.87	4.48
EBITDA Margin %	39.55	37.09	35.34	36.74	35.28
EBITA Margin %	26.55	24.85	23.69	26.47	27.56
EBIT Margin %	26.55	24.85	23.69	26.47	27.55
Income From Continuing Operations Margin %	12.99	10.98	9.63	7.2	3.88
Net Income Margin %	12.33	10.7	9.45	6.85	4.46
Net Avail. For Common Margin %	10	8.69	9.3	6.85	4.46
Normalized Net Income Margin	9.24	9.1	8.76	5.62	7
Levered Free Cash Flow Margin	6.81	-17.38	-32.15	-20.02	-21.82
Unlevered Free Cash Flow Margin	18.73	-5.21	-19.26	-9.86	-13.58
Asset Turnover
Asset Turnover	0.24	0.25	0.26	0.3	0.36
Fixed Assets Turnover	0.35	0.35	0.38	0.43	0.57
Receivables Turnover (Average Receivables)	4.53	5.4	5.27	4.62	5.27
Inventory Turnover (Average Inventory)	10.59	21.54	32.39	35.19	29.24
Short Term Liquidity
Current Ratio	0.71	0.8	0.99	1.01	1.37
Quick Ratio	0.43	0.44	0.73	0.77	1.06
Operating Cash Flow to Current Liabilities	0.59	0.72	0.54	0.76	0.88
Days Sales Outstanding (Average Receivables)	80.64	67.61	69.3	79.25	69.25
Days Outstanding Inventory (Average Inventory)	34.47	16.95	11.27	10.4	12.48
Average Days Payable Outstanding	143.91	99.48	96.99	88.7	61.63
Cash Conversion Cycle (Average Days)	-28.8	-14.93	-16.43	0.95	20.11
Long Term Solvency
Total Debt/Equity	270.33	271.67	268.57	270.52	175.09
Total Debt / Total Capital	73	73.09	72.87	73.01	63.65
LT Debt/Equity	238.43	252.94	245.94	245.24	160.98
Long-Term Debt / Total Capital	64.38	68.06	66.73	66.19	58.52
Total Liabilities / Total Assets	76.82	76.81	76.34	76.61	68.89
EBIT / Interest Expense	1.39	1.28	1.15	1.63	2.09
EBITDA / Interest Expense	2.09	1.92	1.73	2.27	2.68
(EBITDA - Capex) / Interest Expense	0	0.01	0.01	0.26	-0.31
Total Debt / EBITDA	6.85	7.11	7.25	6.05	4.79
Net Debt / EBITDA	6.73	7	6.85	5.73	4.14
Total Debt / (EBITDA - Capex)	5.43T	1.78T	1.35T	52.8	-41.79
Net Debt / (EBITDA - Capex)	5.34T	1.76T	1.27T	50.07	-36.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-13.05	13.41	18.08	24.94	43.11
Gross Profit, 1 Yr. Growth %	-9.27	3.84	11.25	39.25	26.66
EBITDA, 1 Yr. Growth %	-12.28	6.34	12.51	30.64	36.73
EBITA, 1 Yr. Growth %	-21.06	6.15	12.54	40.78	47.96
EBIT, 1 Yr. Growth %	-21.06	6.15	12.54	40.78	47.94
Earnings From Cont. Operations, 1 Yr. Growth %	82.53	-4.17	3.63	-6.64	-22.91
Net Income, 1 Yr. Growth %	65	-1.59	4.29	-9.48	-6.8
Diluted EPS Before Extra, 1 Yr. Growth %	176.79	-1.42	24.81	-8.17	-11.25
Normalized Net Income, 1 Yr. Growth %	32.63	11.78	13.62	-19.68	78.01
Net Property, Plant and Equip., 1 Yr. Growth %	19.88	9.84	10.43	8.28	8.25
Inventory, 1 Yr. Growth %	-56.81	7.02	-39.26	68.05	144.92
Accounts Receivable, 1 Yr. Growth %	8.24	-17.08	66.99	27.83	23.49
Total Assets, 1 Yr. Growth %	8.87	9.79	13.63	8.62	26.26
Tangible Book Value, 1 Yr. Growth %	5.69	12.56	21.24	8.86	86
Cash From Operations, 1 Yr. Growth %	-30.4	8.25	-7.8	59.85	44.02
Capital Expenditures, 1 Yr. Growth %	43.06	6.04	12.2	15.47	72.72
Levered Free Cash Flow, 1 Yr. Growth %	-118.37	-389.23	298.37	-22.01	56.14
Unlevered Free Cash Flow, 1 Yr. Growth %	-180.1	-131.56	-752.71	-35.83	97.54
Common Equity, 1 Yr. Growth %	4.95	11.14	17.65	7.6	74.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.57	-0.7	15.72	21.46	33.72
Gross Profit, 2 Yr. CAGR %	21.27	-2.94	7.91	24.47	26.75
EBITDA, 2 Yr. CAGR %	18.86	-3.42	9.38	20.89	33.99
EBITA, 2 Yr. CAGR %	17.76	-8.46	9.3	25.34	44.83
EBIT, 2 Yr. CAGR %	17.76	-8.46	9.3	25.34	44.83
Earnings From Cont. Operations, 2 Yr. CAGR %	51.86	32.26	-0.35	-1.64	-15.16
Net Income, 2 Yr. CAGR %	47.95	27.43	1.31	-2.83	-8.15
Diluted EPS Before Extra, 2 Yr. CAGR %	97.86	65.19	10.93	7.06	-9.72
Normalized Net Income, 2 Yr. CAGR %	36.79	21.76	12.7	-4.53	19.58
Net Property, Plant and Equip., 2 Yr. CAGR %	14.08	14.75	10.14	9.35	8.26
Inventory, 2 Yr. CAGR %	-20.11	-32.02	-19.38	1.03	102.88
Accounts Receivable, 2 Yr. CAGR %	12.75	-5.26	17.67	46.1	25.64
Total Assets, 2 Yr. CAGR %	15.05	9.33	11.69	11.09	17.11
Common Equity, 2 Yr. CAGR %	5.31	8	14.35	12.93	37.05
Tangible Book Value, 2 Yr. CAGR %	6.25	9.07	16.82	15.38	42.29
Cash From Operations, 2 Yr. CAGR %	20.85	-13.2	-0.1	21.4	51.73
Capital Expenditures, 2 Yr. CAGR %	81.59	23.16	9.07	13.82	41.22
Levered Free Cash Flow, 2 Yr. CAGR %	62.77	-27.11	151.33	76.07	10.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	77.98	-49.73	17.35	104.29	12.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	36.02	15.5	5.2	18.71	28.29
Gross Profit, 3 Yr. CAGR %	23.97	15.16	1.85	17.48	21.36
EBITDA, 3 Yr. CAGR %	11.58	14.53	1.62	15.83	26.17
EBITA, 3 Yr. CAGR %	5.47	13.76	-1.94	18.59	32.78
EBIT, 3 Yr. CAGR %	5.47	13.76	-1.94	18.59	32.77
Earnings From Cont. Operations, 3 Yr. CAGR %	4.11	30.25	21.93	-2.49	-9.31
Net Income, 3 Yr. CAGR %	2.31	29.15	19.2	-2.42	-4.17
Diluted EPS Before Extra, 3 Yr. CAGR %	-3.18	56.86	50.45	4.16	0.57
Normalized Net Income, 3 Yr. CAGR %	-0.11	27.89	18.98	0.62	17.5
Net Property, Plant and Equip., 3 Yr. CAGR %	39.33	12.65	13.29	9.51	8.98
Inventory, 3 Yr. CAGR %	87.7	-11.93	-34.52	2.99	35.72
Accounts Receivable, 3 Yr. CAGR %	38.71	1.77	14.44	20.97	38.14
Total Assets, 3 Yr. CAGR %	35.79	13.27	10.74	10.66	15.93
Common Equity, 3 Yr. CAGR %	13.77	7.22	11.12	12.33	30.57
Tangible Book Value, 3 Yr. CAGR %	8.38	8.32	12.99	14.43	35.29
Cash From Operations, 3 Yr. CAGR %	19.85	16.49	-11.44	16.85	28.51
Capital Expenditures, 3 Yr. CAGR %	60.2	51.78	19.4	11.17	30.8
Levered Free Cash Flow, 3 Yr. CAGR %	13.33	97.15	5.08	70.03	69.1
Unlevered Free Cash Flow, 3 Yr. CAGR %	28.06	-0.01	3.32	-4.16	101.86
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	35.2	31.38	27.5	17.85	15.8
Gross Profit, 5 Yr. CAGR %	23.27	23.55	17.28	18.98	11.16
EBITDA, 5 Yr. CAGR %	15.3	16.05	10.7	17.03	13.38
EBITA, 5 Yr. CAGR %	14.03	14.61	6.98	18.26	14.43
EBIT, 5 Yr. CAGR %	14.03	14.61	6.98	18.26	14.42
Earnings From Cont. Operations, 5 Yr. CAGR %	28.51	24.3	2.3	16.41	5.46
Net Income, 5 Yr. CAGR %	27.18	23.67	1.91	15.26	7.4
Diluted EPS Before Extra, 5 Yr. CAGR %	21.95	18.63	2.23	34.63	22.65
Normalized Net Income, 5 Yr. CAGR %	25.14	25.27	4.83	13.77	19.19
Net Property, Plant and Equip., 5 Yr. CAGR %	25.08	25.34	26.82	11.32	11.25
Inventory, 5 Yr. CAGR %	60.77	45.27	33.86	-6.96	2.93
Accounts Receivable, 5 Yr. CAGR %	15.63	19.21	29.88	17.61	18.8
Total Assets, 5 Yr. CAGR %	29.77	29.94	25.58	12.39	13.24
Common Equity, 5 Yr. CAGR %	27.26	27.46	14	9.47	21.03
Tangible Book Value, 5 Yr. CAGR %	25.37	25.63	11.68	11.09	24.12
Cash From Operations, 5 Yr. CAGR %	19.64	13.36	11.43	18.43	9.85
Capital Expenditures, 5 Yr. CAGR %	40.01	25.25	37.37	35.28	27.69
Levered Free Cash Flow, 5 Yr. CAGR %	5.04	60.85	55.85	67.09	7.09
Unlevered Free Cash Flow, 5 Yr. CAGR %	100.36	17.57	23.66	22.77	6.81