Cash flow China Express Airlines Co.,LTD

Equities

002928

CNE1000033L8

Airlines

End-of-day quote Shenzhen S.E. Other stock markets 11/03/2026			5-day change	1st Jan Change
9.410 ^CNY	-0.32%		-1.26%	-14.84%

05/01	Tranche Update on China Express Airlines Co.,LTD's Equity Buyback Plan announced on September 15, 2025.	CI
31/12	China Express Airlines Orders Three Aircraft From Airbus For Up to $420 Million	MT

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Published financial data: CHINA EXPRESS AIRLINES CO.,LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	472.05Cr	396.61Cr	264Cr	512.99Cr	668.24Cr
Other Revenues, Total	73.6L	13.13L	32.15L	2.14Cr	1.32Cr
Total Revenues	472.79Cr	396.74Cr	264.32Cr	515.13Cr	669.56Cr
Cost of Goods Sold, Total	407.72Cr	378.99Cr	389.82Cr	552.63Cr	657.98Cr
Gross Profit	65Cr	18Cr	-125.5Cr	-38Cr	12Cr
Selling General & Admin Expenses, Total	46Cr	48Cr	42Cr	51Cr	56Cr
Provision for Bad Debts	2.61Cr	2.71Cr	15Cr	8.3Cr	-1.84Cr
R&D Expenses	2.03Cr	2.15Cr	2.06Cr	2.28Cr	1.12Cr
Other Operating Expenses	-62Cr	-58Cr	-32Cr	-49Cr	-125.35Cr
Other Operating Expenses, Total	-11Cr	-5.43Cr	26Cr	12Cr	-71Cr
Operating Income	76Cr	23Cr	-151.95Cr	-50Cr	82Cr
Interest Expense, Total	-20Cr	-42Cr	-50Cr	-57Cr	-57Cr
Interest And Investment Income	90.02L	1.04Cr	1.06Cr	2.11Cr	16Cr
Net Interest Expenses	-19Cr	-41Cr	-49Cr	-55Cr	-41Cr
Currency Exchange Gains (Loss)	2.92Cr	6.69Cr	-34Cr	-3.23Cr	-6.19Cr
Other Non Operating Income (Expenses)	-98.4L	-1.05Cr	-83.99L	-2.01Cr	-2.13Cr
EBT, Excl. Unusual Items	59Cr	-12Cr	-235.79Cr	-109.86Cr	33Cr
Gain (Loss) On Sale Of Investments	-	-	-55.21L	-6.75T	4.54T
Gain (Loss) On Sale Of Assets	11Cr	55.53L	7L	-22.63L	2.52Cr
Asset Writedown	-	-	-12.6L	-1.54Cr	-1.11Cr
Other Unusual Items	2.3Cr	33.21L	1.94Cr	1.6Cr	2.91Cr
EBT, Incl. Unusual Items	72Cr	-11Cr	-234.46Cr	-110.02Cr	37Cr
Income Tax Expense	11Cr	-1.29Cr	-37Cr	-14Cr	10Cr
Earnings From Continuing Operations	61Cr	-9.87Cr	-197.42Cr	-96Cr	27Cr
Net Income to Company	61Cr	-9.87Cr	-197.42Cr	-96Cr	27Cr
Minority Interest	-	-	-	-	-
Net Income - (IS)	61Cr	-9.87Cr	-197.42Cr	-96Cr	27Cr
Net Income to Common Incl Extra Items	61Cr	-9.87Cr	-197.42Cr	-96Cr	27Cr
Net Income to Common Excl. Extra Items	61Cr	-9.87Cr	-197.42Cr	-96Cr	27Cr
Per Share Items
Net EPS - Basic	0.64	-0.1	-1.91	-0.76	0.21
Basic EPS - Continuing Operations	0.64	-0.1	-1.91	-0.76	0.21
Basic Weighted Average Shares Outstanding	96Cr	101.24Cr	103.1Cr	127.36Cr	127.36Cr
Net EPS - Diluted	0.6	-0.1	-1.91	-0.76	0.21
Diluted EPS - Continuing Operations	0.6	-0.1	-1.91	-0.76	0.21
Diluted Weighted Average Shares Outstanding	101.36Cr	101.24Cr	103.1Cr	127.36Cr	127.85Cr
Normalized Basic EPS	0.38	-0.07	-1.43	-0.54	0.16
Normalized Diluted EPS	0.36	-0.07	-1.43	-0.54	0.16
Dividend Per Share	0.06	-	-	-	-
Payout Ratio	27.4	-191.75	-8.53	-21.1	75.77
Supplemental Items
EBITDA	111Cr	36Cr	-136.37Cr	-30Cr	107.03Cr
EBITA	76Cr	23Cr	-151.78Cr	-50Cr	82Cr
EBIT	76Cr	23Cr	-151.95Cr	-50Cr	82Cr
EBITDAR	112.12Cr	36Cr	-130.8Cr	-20Cr	120.33Cr
Total Revenues (As Reported)	472.79Cr	396.74Cr	264.32Cr	515.13Cr	669.56Cr
Effective Tax Rate - (Ratio)	15.08	11.56	15.8	12.29	27.89
Total Current Taxes	12Cr	2.22Cr	1.56Cr	3.18Cr	3.05Cr
Total Deferred Taxes	-98.82L	-3.51Cr	-39Cr	-17Cr	7.31Cr
Normalized Net Income	37Cr	-7.53Cr	-147.37Cr	-69Cr	21Cr
Interest Capitalized	3.68Cr	1.79Cr	2.06Cr	1.87Cr	1.26Cr
Interest on Long-Term Debt	5.56Cr	33Cr	35Cr	39Cr	39Cr
Supplemental Operating Expense Items
Advertising Expense	16.36L	33.24L	70.48L	1.06Cr	65.17L
Selling and Marketing Expenses	24Cr	24Cr	18Cr	24Cr	29Cr
General and Administrative Expenses	21Cr	24Cr	24Cr	27Cr	26Cr
Research And Development Expense From Footnotes	2.03Cr	2.15Cr	2.06Cr	2.28Cr	1.12Cr
Net Rental Expense, Total	1.12Cr	65.19L	5.57Cr	9.53Cr	13Cr
Imputed Operating Lease Interest Expense	38.61L	33.52L	1.96Cr	3.47Cr	4.35Cr
Imputed Operating Lease Depreciation	73.43L	31.67L	3.6Cr	6.06Cr	8.96Cr
Maintenance & Repair Expenses, Total	32.76L	22Cr	14Cr	23Cr	35Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	148.89Cr	139.07Cr	178.94Cr	192.04Cr	165.93Cr
Trading Asset Securities, Total	-	-	25.62T	18.87T	23.41T
Total Cash And Short Term Investments	148.89Cr	139.07Cr	178.94Cr	192.04Cr	165.93Cr
Accounts Receivable, Total	112.01Cr	112.38Cr	87Cr	90Cr	103.52Cr
Other Receivables	76Cr	98Cr	104.61Cr	70Cr	176.51Cr
Total Receivables	188.25Cr	210.38Cr	192.05Cr	159.86Cr	280.02Cr
Inventory	11Cr	14Cr	17Cr	19Cr	24Cr
Other Current Assets, Total	29Cr	29Cr	24Cr	36Cr	48Cr
Total Current Assets	377.53Cr	392.47Cr	412.73Cr	407.64Cr	518.05Cr
Gross Property Plant And Equipment	794.49Cr	1.49TCr	1.66TCr	1.77TCr	2.01TCr
Accumulated Depreciation	-131.56Cr	-370.49Cr	-475.37Cr	-536.46Cr	-624.36Cr
Net Property Plant And Equipment	662.93Cr	1.12TCr	1.18TCr	1.23TCr	1.38TCr
Long-term Investments	3L	4L	31.38L	46.79L	30.54L
Other Intangibles, Total	19Cr	18Cr	19Cr	18Cr	10Cr
Deferred Tax Assets Long-Term	3.39Cr	8.92Cr	48Cr	64Cr	57Cr
Deferred Charges Long-Term	85Cr	84Cr	85Cr	95Cr	102.52Cr
Other Long-Term Assets, Total	3.08Cr	-	81.07L	2L	2L
Total Assets	1.15TCr	1.62TCr	1.75TCr	1.82TCr	2.07TCr
Liabilities
Accounts Payable, Total	18Cr	45Cr	55Cr	57Cr	74Cr
Accrued Expenses, Total	44Cr	8.5Cr	6.94Cr	8.3Cr	21Cr
Short-term Borrowings	130.11Cr	252.34Cr	218.72Cr	207.7Cr	257.94Cr
Current Portion of Long-Term Debt	30Cr	32Cr	47Cr	146.21Cr	49Cr
Current Portion of Leases	4.15Cr	91Cr	103.46Cr	100.83Cr	152.1Cr
Current Income Taxes Payable	8.63Cr	1.1Cr	1.22Cr	92L	33.17L
Unearned Revenue Current, Total	13Cr	5.94Cr	3.61Cr	6.62Cr	16Cr
Other Current Liabilities	82Cr	33Cr	35Cr	48Cr	57Cr
Total Current Liabilities	329.5Cr	469.22Cr	470.7Cr	575.2Cr	627.07Cr
Long-Term Debt	83Cr	162.96Cr	154.32Cr	178.31Cr	193.95Cr
Long-Term Leases	318.4Cr	607.79Cr	695.11Cr	727.98Cr	846.3Cr
Unearned Revenue Non Current	18Cr	5.6Cr	6.04Cr	6.89Cr	4.3Cr
Deferred Tax Liability Non Current	8L	5L	-	15.34T	10.84T
Other Non Current Liabilities	7.78Cr	13Cr	18Cr	21Cr	62Cr
Total Liabilities	757.01Cr	1.26TCr	1.34TCr	1.51TCr	1.73TCr
Common Stock, Total	101.36Cr	101.36Cr	127.82Cr	127.82Cr	127.82Cr
Additional Paid In Capital	115.06Cr	115.06Cr	329.56Cr	329.56Cr	326.1Cr
Retained Earnings	177.09Cr	150.11Cr	-47Cr	-143.62Cr	-116.83Cr
Treasury Stock	-	-5.01Cr	-5.01Cr	-5.01Cr	-1.31Cr
Comprehensive Income and Other	23.58L	12.26L	-	-	-
Total Common Equity	393.75Cr	361.64Cr	405.25Cr	308.75Cr	335.79Cr
Minority Interest	-	-	-	-	-
Total Equity	393.75Cr	361.64Cr	405.25Cr	308.75Cr	335.79Cr
Total Liabilities And Equity	1.15TCr	1.62TCr	1.75TCr	1.82TCr	2.07TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	101.36Cr	100.89Cr	127.36Cr	127.36Cr	127.36Cr
ECS Total Common Shares Outstanding	101.36Cr	100.89Cr	127.36Cr	127.36Cr	127.36Cr
Book Value / Share	3.88	3.58	3.18	2.42	2.64
Tangible Book Value	375.13Cr	343.46Cr	386.54Cr	290.96Cr	325.69Cr
Tangible Book Value Per Share	3.7	3.4	3.03	2.28	2.56
Total Debt	565.8Cr	1.15TCr	1.22TCr	1.36TCr	1.5TCr
Net Debt	416.91Cr	1.01TCr	1.04TCr	1.17TCr	1.33TCr
Debt Equivalent Oper. Leases	8.96Cr	5.22Cr	45Cr	76Cr	106.45Cr
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	3L	4L	3L	18.24L	7L
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	10Cr	13Cr	16Cr	20Cr	24Cr
Inventories - Others	79.05L	89.55L	1.4Cr	1.02Cr	84.64L
Buildings, Total	46Cr	45Cr	65Cr	65Cr	36Cr
Machinery, Total	118.08Cr	187.43Cr	229.75Cr	273.66Cr	269.84Cr
Full Time Employees	5.04T	5.57T	5.27T	5.45T	5.71T
Assets under Capital Lease - Gross	466.8Cr	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-79Cr	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	7.27Cr	9.98Cr	25Cr	33Cr	31Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	61Cr	-9.87Cr	-197.42Cr	-96Cr	27Cr
Depreciation & Amortization - CF	35Cr	92Cr	105.56Cr	123.01Cr	134.5Cr
Amortization of Goodwill and Intangible Assets - (CF)	14.13L	16.35L	16.97L	16.98L	16.97L
Depreciation & Amortization, Total	35Cr	92Cr	105.73Cr	123.18Cr	134.67Cr
Amortization of Deferred Charges, Total - (CF)	11Cr	11Cr	9.64Cr	8.72Cr	10Cr
(Gain) Loss From Sale Of Asset	-11Cr	-56.98L	-7L	22.63L	-2.52Cr
(Gain) Loss on Sale of Investments - (CF)	-25.19L	-	55.21L	-13.62L	-15Cr
Asset Writedown & Restructuring Costs	2L	1L	12.6L	1.54Cr	1.11Cr
Provision and Write-off of Bad Debts	2.61Cr	2.71Cr	15Cr	8.3Cr	-1.84Cr
Other Operating Activities, Total	21Cr	42Cr	87Cr	61Cr	64Cr
Change In Accounts Receivable	-36Cr	4.99Cr	26Cr	11Cr	-78Cr
Change In Inventories	-2.4Cr	-2.68Cr	-3.29Cr	-3.46Cr	-4.35Cr
Change In Accounts Payable	20Cr	-45Cr	28Cr	34Cr	39Cr
Change In Deferred Taxes	-90.96L	-3.63Cr	-39Cr	-17Cr	7.34Cr
Cash from Operations	100.77Cr	92Cr	32Cr	132.22Cr	180.96Cr
Capital Expenditure	-76Cr	-180.92Cr	-35Cr	-54Cr	-30Cr
Sale of Property, Plant, and Equipment	43Cr	13.51L	54.65T	5L	12Cr
Divestitures	-	-	-	-	27Cr
Investment in Marketable and Equity Securities, Total	4.97Cr	-90T	-	-3L	4L
Other Investing Activities, Total	-2.73Cr	-1.5Cr	4.5Cr	3.32T	-
Cash from Investing	-31Cr	-182.29Cr	-31Cr	-54Cr	9.05Cr
Long-Term Debt Issued, Total	253.64Cr	534.54Cr	320.45Cr	450.46Cr	409.17Cr
Total Debt Issued	253.64Cr	534.54Cr	320.45Cr	450.46Cr	409.17Cr
Long-Term Debt Repaid, Total	-282.15Cr	-431.09Cr	-505.3Cr	-480.02Cr	-591.3Cr
Total Debt Repaid	-282.15Cr	-431.09Cr	-505.3Cr	-480.02Cr	-591.3Cr
Issuance of Common Stock	-	-	243.5Cr	-	1.31Cr
Repurchase of Common Stock	-	-5.01Cr	-	-	-
Common Dividends Paid	-17Cr	-19Cr	-17Cr	-20Cr	-20Cr
Common & Preferred Stock Dividends Paid	-17Cr	-19Cr	-17Cr	-20Cr	-20Cr
Other Financing Activities, Total	-4.73Cr	-39.95L	-14Cr	-24Cr	-16Cr
Cash from Financing	-50Cr	79Cr	27Cr	-74Cr	-216.77Cr
Foreign Exchange Rate Adjustments	-1.35Cr	-9L	2.36Cr	1.11Cr	54.62L
Net Change in Cash	19Cr	-12Cr	31Cr	5.65Cr	-26Cr
Supplemental Items
Cash Income Tax Paid (Refund)	5.74Cr	16Cr	-19Cr	-7Cr	5.03Cr
Levered Free Cash Flow	4.12Cr	-219.35Cr	-19Cr	49Cr	41Cr
Unlevered Free Cash Flow	17Cr	-193.17Cr	13Cr	84Cr	77Cr
Change In Net Working Capital	1.55Cr	130.34Cr	-27Cr	-38Cr	89Cr
Net Debt Issued / Repaid	-29Cr	103.45Cr	-184.86Cr	-30Cr	-182.14Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.46	1.05	-5.64	-1.75	2.64
Return on Total Capital	5.36	1.37	-6.06	-1.89	2.93
Return On Equity %	18.24	-2.61	-51.47	-27.03	8.32
Return on Common Equity	18.24	-2.61	-51.47	-27.03	8.32
Margin Analysis
Gross Profit Margin %	13.76	4.47	-47.48	-7.28	1.73
SG&A Margin	9.79	12.09	15.86	9.83	8.3
EBITDA Margin %	23.48	9	-51.59	-5.81	15.98
EBITA Margin %	16.12	5.88	-57.42	-9.65	12.29
EBIT Margin %	16.09	5.84	-57.49	-9.68	12.26
Income From Continuing Operations Margin %	12.96	-2.49	-74.69	-18.73	4
Net Income Margin %	12.96	-2.49	-74.69	-18.73	4
Net Avail. For Common Margin %	12.96	-2.49	-74.69	-18.73	4
Normalized Net Income Margin	7.78	-1.9	-55.75	-13.33	3.06
Levered Free Cash Flow Margin	0.87	-55.29	-7.11	9.44	6.15
Unlevered Free Cash Flow Margin	3.52	-48.69	4.73	16.34	11.48
Asset Turnover
Asset Turnover	0.44	0.29	0.16	0.29	0.34
Fixed Assets Turnover	0.78	0.45	0.23	0.43	0.51
Receivables Turnover (Average Receivables)	4.48	3.53	2.64	5.78	6.9
Inventory Turnover (Average Inventory)	40.45	30.04	24.99	30.2	30.62
Short Term Liquidity
Current Ratio	1.15	0.84	0.88	0.71	0.83
Quick Ratio	1.02	0.74	0.79	0.61	0.71
Operating Cash Flow to Current Liabilities	0.31	0.2	0.07	0.23	0.29
Days Sales Outstanding (Average Receivables)	81.72	103.26	138.28	63.15	53.01
Days Outstanding Inventory (Average Inventory)	9.05	12.15	14.61	12.09	11.95
Average Days Payable Outstanding	12.97	44.63	46.49	36.76	36.1
Cash Conversion Cycle (Average Days)	77.79	70.78	106.39	38.47	28.86
Long Term Solvency
Total Debt/Equity	143.7	316.93	300.82	440.82	446.62
Total Debt / Total Capital	58.97	76.02	75.05	81.51	81.71
LT Debt/Equity	101.94	213.12	209.61	293.54	309.79
Long-Term Debt / Total Capital	41.83	51.12	52.3	54.28	56.67
Total Liabilities / Total Assets	65.78	77.68	76.84	83.02	83.78
EBIT / Interest Expense	3.79	0.55	-3.03	-0.88	1.44
EBITDA / Interest Expense	5.53	2.75	-0.92	1.29	3.79
(EBITDA - Capex) / Interest Expense	1.76	-1.56	-1.62	0.34	3.27
Total Debt / EBITDA	5.1	9.93	-26.37	18.56	6.92
Net Debt / EBITDA	3.76	8.73	-22.5	15.94	6.15
Total Debt / (EBITDA - Capex)	15.99	-17.49	-14.98	70.92	8.02
Net Debt / (EBITDA - Capex)	11.78	-15.36	-12.78	60.91	7.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.56	-16.08	-33.34	94.89	29.98
Gross Profit, 1 Yr. Growth %	-6.28	-72.72	-802.25	-70.12	-130.88
EBITDA, 1 Yr. Growth %	-0.73	-68.19	-482.86	-77.71	-482.84
EBITA, 1 Yr. Growth %	-5.51	-69.88	-753.02	-66.82	-272.45
EBIT, 1 Yr. Growth %	-4.47	-69.53	-803.88	-67.19	-265.05
Earnings From Cont. Operations, 1 Yr. Growth %	22.03	-116.11	1.65T	-51.12	-127.77
Net Income, 1 Yr. Growth %	22.03	-116.11	1.65T	-51.12	-127.77
Normalized Net Income, 1 Yr. Growth %	2.41	-120.48	1.63T	-53.41	-129.92
Diluted EPS Before Extra, 1 Yr. Growth %	10.01	-116.12	1.62T	-60.43	-127.66
Accounts Receivable, 1 Yr. Growth %	13.4	0.33	-22.34	3	14.93
Inventory, 1 Yr. Growth %	27.02	23.73	23.56	12.28	21.98
Net Property, Plant and Equip., 1 Yr. Growth %	20.74	68.48	6.05	4.01	12.15
Total Assets, 1 Yr. Growth %	17.49	40.8	7.95	3.91	13.86
Tangible Book Value, 1 Yr. Growth %	41.85	-8.44	12.48	-24.73	11.94
Common Equity, 1 Yr. Growth %	41.54	-8.15	12	-23.81	8.76
Cash From Operations, 1 Yr. Growth %	-4.41	-9.16	-65.41	317.61	36.87
Capital Expenditures, 1 Yr. Growth %	-32.96	139.29	-80.57	53.94	-44.91
Levered Free Cash Flow, 1 Yr. Growth %	-111.16	-670.91	-91.48	-358.7	-15.5
Unlevered Free Cash Flow, 1 Yr. Growth %	-171.29	-479.05	-106.43	573.14	-8.73
Dividend Per Share, 1 Yr. Growth %	20.32	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.35	-14.34	-25.23	13.98	59.16
Gross Profit, 2 Yr. CAGR %	3.92	-49.44	38.88	44.86	-69.62
EBITDA, 2 Yr. CAGR %	21.01	-43.48	10.21	-8.32	-10.74
EBITA, 2 Yr. CAGR %	29.82	-46.21	39.95	46.22	-25.88
EBIT, 2 Yr. CAGR %	30.56	-46.05	41.33	51.98	-26.49
Earnings From Cont. Operations, 2 Yr. CAGR %	57.38	-55.67	79.47	192.79	-63.16
Net Income, 2 Yr. CAGR %	57.38	-55.67	79.47	192.79	-63.16
Normalized Net Income, 2 Yr. CAGR %	62.36	-54.21	100.17	183.83	-62.68
Diluted EPS Before Extra, 2 Yr. CAGR %	47.14	-57.88	77.95	161.15	-66.91
Accounts Receivable, 2 Yr. CAGR %	18.05	6.67	-11.65	-10.56	8.81
Inventory, 2 Yr. CAGR %	23.84	25.36	23.64	17.78	17.03
Net Property, Plant and Equip., 2 Yr. CAGR %	21.59	42.63	33.67	5.03	8
Total Assets, 2 Yr. CAGR %	21.58	28.62	23.3	5.91	8.77
Tangible Book Value, 2 Yr. CAGR %	35.98	13.96	1.51	-7.98	-8.21
Common Equity, 2 Yr. CAGR %	36.16	14.02	1.45	-7.63	-8.97
Cash From Operations, 2 Yr. CAGR %	39.03	-6.82	-43.95	20.19	139.08
Capital Expenditures, 2 Yr. CAGR %	-26.36	26.66	-31.81	-45.3	-7.91
Levered Free Cash Flow, 2 Yr. CAGR %	-80.11	143.71	-30.05	-53.06	47.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	-57.37	187.51	-50.47	-34.23	147.97
Dividend Per Share, 2 Yr. CAGR %	2.73	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.09	-2.34	-21.23	2.9	19.08
Gross Profit, 3 Yr. CAGR %	-4.3	-33.46	21.81	-16.78	-13.47
EBITDA, 3 Yr. CAGR %	14.2	-22.19	6.84	-35.63	44.3
EBITA, 3 Yr. CAGR %	14.15	-19.79	23.46	-13.77	52.4
EBIT, 3 Yr. CAGR %	14.36	-19.62	24.03	-13.13	56.09
Earnings From Cont. Operations, 3 Yr. CAGR %	17.87	-26.39	57.82	16.34	33.52
Net Income, 3 Yr. CAGR %	17.87	-26.39	57.82	16.34	33.52
Normalized Net Income, 3 Yr. CAGR %	11.13	-18.58	60.1	23.13	34.03
Diluted EPS Before Extra, 3 Yr. CAGR %	9.39	-29.59	51.59	7.81	23.56
Accounts Receivable, 3 Yr. CAGR %	32.02	11.82	-3.98	-7.01	-2.76
Inventory, 3 Yr. CAGR %	26.47	23.8	24.76	19.73	19.17
Net Property, Plant and Equip., 3 Yr. CAGR %	28.65	35.56	29.22	22.95	7.35
Total Assets, 3 Yr. CAGR %	28.01	27.68	21.33	16.46	8.5
Tangible Book Value, 3 Yr. CAGR %	51.7	19.18	13.49	-8.12	-1.77
Common Equity, 3 Yr. CAGR %	50.71	19.41	13.36	-7.79	-2.46
Cash From Operations, 3 Yr. CAGR %	13.71	20.64	-33.03	9.48	25.51
Capital Expenditures, 3 Yr. CAGR %	-0.74	9.08	-32.19	-10.54	-45.17
Levered Free Cash Flow, 3 Yr. CAGR %	-55.01	28.19	-20.16	8.17	-42.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	-23.11	28.2	-18.82	18.21	-26.62
Dividend Per Share, 3 Yr. CAGR %	7.65	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	21.42	9.23	-5.18	3.87	4.37
Gross Profit, 5 Yr. CAGR %	5.53	-22.92	11.07	-9.05	-30.11
EBITDA, 5 Yr. CAGR %	20.47	-8.93	12.85	-16.95	-0.87
EBITA, 5 Yr. CAGR %	18.37	-10.96	24.26	1.9	0.4
EBIT, 5 Yr. CAGR %	18.32	-11.06	24.47	2.24	0.61
Earnings From Cont. Operations, 5 Yr. CAGR %	20.29	-22.13	39.46	31.28	-11.81
Net Income, 5 Yr. CAGR %	20.45	-22.18	39.46	31.28	-11.81
Normalized Net Income, 5 Yr. CAGR %	17.55	-20.06	40.62	37.54	-10.59
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.75	-25.57	32.89	22.09	-17.54
Accounts Receivable, 5 Yr. CAGR %	36.47	28.46	12.43	2.3	0.94
Inventory, 5 Yr. CAGR %	26.32	28.54	25.33	21.36	21.61
Net Property, Plant and Equip., 5 Yr. CAGR %	35.31	39.98	30.64	22.4	20.27
Total Assets, 5 Yr. CAGR %	36.19	34.97	26.11	18.48	16.14
Tangible Book Value, 5 Yr. CAGR %	53.29	34.97	29.18	7.48	4.25
Common Equity, 5 Yr. CAGR %	54.35	35.43	28.64	7.77	3.84
Cash From Operations, 5 Yr. CAGR %	10.9	3.84	-14.31	20.46	11.41
Capital Expenditures, 5 Yr. CAGR %	20.91	25.59	-14.58	-17.24	-23.36
Levered Free Cash Flow, 5 Yr. CAGR %	-	64.36	-16.11	-14.13	2.19
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	69.83	-19.35	-1.69	26.9