Cash flow Ferrari N.V.

Equities

RACE

NL0011585146

Auto & Truck Manufacturers

Real-time Borsa Italiana Other stock markets 02:18:01 16/04/2026 pm IST			5-day change	1st Jan Change
305.95 ^EUR	+1.06%		+1.81%	-4.05%

01:22pm	Milan leads European gains at the open; BPM rallies	AN
16/04	Ferrari N.V. Approves Dividend, Payable on May 5, 2026	CI

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Published financial data: FERRARI N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	427.09Cr	509.53Cr	597.01Cr	654.63Cr	700.38Cr
Finance Div. Revenues	-	-	-	13Cr	14Cr
Total Revenues	427.09Cr	509.53Cr	597.01Cr	667.67Cr	714.58Cr
Cost of Goods Sold, Total	208.06Cr	264.9Cr	299.59Cr	324.12Cr	335.38Cr
Finance Div. Operating Exp.	-	-	-	8.83Cr	9.92Cr
Interest Expense - Finance Division	-	-	-	-	-
Gross Profit	219.03Cr	244.63Cr	297.43Cr	334.72Cr	369.28Cr
Selling General & Admin Expenses, Total	35Cr	43Cr	46Cr	56Cr	64Cr
R&D Expenses	77Cr	78Cr	88Cr	89Cr	92Cr
Other Operating Expenses	55.61L	2.15Cr	2.05Cr	79.38L	2.75Cr
Other Operating Expenses, Total	112.17Cr	122.51Cr	136.47Cr	146.32Cr	158.88Cr
Operating Income	106.86Cr	122.12Cr	160.96Cr	188.4Cr	210.4Cr
Interest Expense, Total	-3.84Cr	-5.42Cr	-2.93Cr	-4.01Cr	-4.12Cr
Interest And Investment Income	51.4L	45.8L	2.58Cr	3.15Cr	2.04Cr
Net Interest Expenses	-3.33Cr	-4.96Cr	-34.45L	-85.68L	-2.08Cr
Currency Exchange Gains (Loss)	-	-	-2.02Cr	-70.36L	-3.82Cr
Other Non Operating Income (Expenses)	-	-	86.27L	1.68Cr	1.28Cr
EBT, Excl. Unusual Items	103.53Cr	117.16Cr	159.46Cr	188.52Cr	205.79Cr
Gain (Loss) On Sale Of Investments	68.96L	61.75L	61.37L	82.45L	1.26Cr
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Legal Settlements	-	-	16.4L	-45.05L	-68.21L
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	104.22Cr	117.78Cr	160.24Cr	188.9Cr	206.36Cr
Income Tax Expense	21Cr	24Cr	34Cr	36Cr	46Cr
Earnings From Continuing Operations	83Cr	94Cr	125.75Cr	152.59Cr	159.95Cr
Net Income to Company	83Cr	94Cr	125.75Cr	152.59Cr	159.95Cr
Minority Interest	-23.69L	-66.8L	-54.09L	-40.36L	-25.97L
Net Income - (IS)	83Cr	93Cr	125.2Cr	152.19Cr	159.69Cr
Net Income to Common Incl Extra Items	83Cr	93Cr	125.2Cr	152.19Cr	159.69Cr
Net Income to Common Excl. Extra Items	83Cr	93Cr	125.2Cr	152.19Cr	159.69Cr
Per Share Items
Net EPS - Basic	4.5	5.1	6.91	8.47	8.97
Basic EPS - Continuing Operations	4.5	5.1	6.91	8.47	8.97
Basic Weighted Average Shares Outstanding	18Cr	18Cr	18Cr	18Cr	18Cr
Net EPS - Diluted	4.5	5.09	6.9	8.46	8.96
Diluted EPS - Continuing Operations	4.5	5.09	6.9	8.46	8.96
Diluted Weighted Average Shares Outstanding	18Cr	18Cr	18Cr	18Cr	18Cr
Normalized Basic EPS	3.5	3.97	5.47	6.53	7.21
Normalized Diluted EPS	3.49	3.96	5.46	6.52	7.2
Dividend Per Share	1.36	1.81	2.44	2.99	3.62
Payout Ratio	19.27	26.76	26.25	28.91	33.17
American Depositary Receipts Ratio (ADR)	0	0	0	0	0
Supplemental Items
EBITDA	131.48Cr	149.29Cr	190.97Cr	219.32Cr	240.69Cr
EBITA	110Cr	124.99Cr	163.9Cr	192.04Cr	214.1Cr
EBIT	106.86Cr	122.12Cr	160.96Cr	188.4Cr	210.4Cr
EBITDAR	132.01Cr	149.69Cr	191.37Cr	219.81Cr	241.22Cr
Effective Tax Rate - (Ratio)	20.06	20.25	21.52	19.22	22.49
Total Current Taxes	22Cr	27Cr	35Cr	38Cr	36Cr
Total Deferred Taxes	-1.2Cr	-3.02Cr	-45.41L	-1.75Cr	11Cr
Normalized Net Income	64Cr	73Cr	99Cr	117.42Cr	128.36Cr
Interest Capitalized	18.74L	19.14L	-	-	-
Interest on Long-Term Debt	27.42L	31.33L	14.5L	33.56L	50.32L
Non-Cash Pension Expense	0	22T	5L	5L	6L
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	77Cr	78Cr	88Cr	89Cr	92Cr
Net Rental Expense, Total	52.93L	40.49L	40.55L	48.58L	52.88L
Imputed Operating Lease Interest Expense	6L	7L	7L	10.19L	10.53L
Imputed Operating Lease Depreciation	46.56L	33.81L	33.61L	38.39L	42.35L
Stock-Based Comp., Other (Total)	1.39Cr	-	2.99Cr	2.4Cr	2.75Cr
Total Stock-Based Compensation	1.39Cr	-	2.99Cr	2.4Cr	2.75Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	134.41Cr	138.89Cr	112.2Cr	174.22Cr	141.07Cr
Short Term Investments	19.35L	70.68L	55.68L	56.56L	44.21L
Trading Asset Securities, Total	60.53L	3.68Cr	1.74Cr	55.47L	14.87L
Total Cash And Short Term Investments	135.21Cr	143.27Cr	114.5Cr	175.34Cr	141.66Cr
Accounts Receivable, Total	18Cr	23Cr	26Cr	35Cr	36Cr
Other Receivables	7.56Cr	9.59Cr	7.71Cr	7.28Cr	13Cr
Total Receivables	26Cr	33Cr	34Cr	42Cr	49Cr
Inventory	54Cr	67Cr	95Cr	108.82Cr	111.39Cr
Prepaid Expenses	3.61Cr	4.29Cr	5.38Cr	6.4Cr	5.19Cr
Finance Division Loans and Leases Current	114.4Cr	140Cr	145.12Cr	166.16Cr	161.34Cr
Finance Division Other Current Assets, Total	-	-	-	-	5.7Cr
Other Current Assets, Total	3.04Cr	7.39Cr	4.9Cr	3.07Cr	7.99Cr
Total Current Assets	336.37Cr	395.25Cr	398.6Cr	501.99Cr	482.44Cr
Gross Property Plant And Equipment	353.66Cr	395.92Cr	414.54Cr	447.71Cr	489.81Cr
Accumulated Depreciation	-250.23Cr	-274Cr	-296.19Cr	-314.75Cr	-334.36Cr
Net Property Plant And Equipment	103.43Cr	121.92Cr	118.34Cr	132.96Cr	155.44Cr
Long-term Investments	5.45Cr	5.95Cr	6.77Cr	8.08Cr	9.64Cr
Goodwill	79Cr	79Cr	79Cr	79Cr	79Cr
Other Intangibles, Total	3.1Cr	4.29Cr	4.98Cr	4.28Cr	4.27Cr
Deferred Tax Assets Long-Term	17Cr	20Cr	22Cr	24Cr	23Cr
Deferred Charges Long-Term	110.71Cr	126.45Cr	136.99Cr	150.29Cr	159.58Cr
Other Long-Term Assets, Total	32Cr	24Cr	39Cr	50Cr	50Cr
Total Assets	686.35Cr	776.58Cr	805.13Cr	949.71Cr	962.84Cr
Liabilities
Accounts Payable, Total	80Cr	90Cr	93Cr	95Cr	84Cr
Accrued Expenses, Total	16Cr	18Cr	28Cr	29Cr	29Cr
Current Portion of Long-Term Debt	50Cr	96Cr	-	46Cr	1.24Cr
Current Portion of Leases	1.48Cr	1.59Cr	1.64Cr	2.65Cr	3.13Cr
Finance Division Debt Current	-	-	51Cr	65Cr	67Cr
Current Income Taxes Payable	11Cr	5.86Cr	8.93Cr	3.79Cr	49.51L
Unearned Revenue Current, Total	-	-	6.2Cr	-	-
Deferred Tax Liability Current	1.75Cr	4.03Cr	3.6Cr	2.76Cr	11Cr
Other Current Liabilities	15Cr	15Cr	14Cr	21Cr	14Cr
Total Current Liabilities	174.88Cr	230.82Cr	207.04Cr	264.85Cr	209.66Cr
Long-Term Debt	207.25Cr	179.09Cr	111.41Cr	128.16Cr	126.77Cr
Long-Term Leases	4.14Cr	4.15Cr	5.66Cr	9.98Cr	13Cr
Finance Division Debt Non Current	-	-	78Cr	84Cr	77Cr
Unearned Revenue Non Current	26Cr	27Cr	23Cr	88Cr	119.32Cr
Pension & Other Post Retirement Benefits	1.84Cr	1.51Cr	1.24Cr	1.75Cr	1.66Cr
Deferred Tax Liability Non Current	7.85Cr	8.62Cr	10Cr	8.24Cr	15Cr
Other Non Current Liabilities	44Cr	65Cr	62Cr	11Cr	8.94Cr
Total Liabilities	465.21Cr	516.33Cr	498.07Cr	595.39Cr	571.36Cr
Common Stock, Total	25.73L	25.73L	25.73L	25.73L	25.73L
Additional Paid In Capital	576.85Cr	576.85Cr	576.85Cr	576.85Cr	576.85Cr
Retained Earnings	-445.2Cr	-454.14Cr	-451.79Cr	-458.18Cr	-505.7Cr
Comprehensive Income and Other	89Cr	136.31Cr	180.77Cr	234.47Cr	319.28Cr
Total Common Equity	220.59Cr	259.29Cr	306.09Cr	353.39Cr	390.69Cr
Minority Interest	55.18L	96.3L	97.34L	92.92L	78.49L
Total Equity	221.14Cr	260.25Cr	307.06Cr	354.32Cr	391.47Cr
Total Liabilities And Equity	686.35Cr	776.58Cr	805.13Cr	949.71Cr	962.84Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	18Cr	18Cr	18Cr	18Cr	18Cr
ECS Total Common Shares Outstanding	18Cr	18Cr	18Cr	18Cr	18Cr
Book Value / Share	12	14.25	16.97	19.74	22.04
Tangible Book Value	138.97Cr	176.48Cr	222.59Cr	270.6Cr	307.9Cr
Tangible Book Value Per Share	7.56	9.7	12.34	15.11	17.37
Total Debt	263Cr	281.18Cr	247.72Cr	335.19Cr	288.42Cr
Net Debt	127.79Cr	137.9Cr	133.22Cr	159.85Cr	146.76Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.84Cr	1.51Cr	1.39Cr	1.34Cr	1.25Cr
Debt Equivalent Oper. Leases	4.23Cr	3.24Cr	3.24Cr	3.89Cr	4.23Cr
Minority Interest, Total (Incl. Fin. Div)	55.18L	96.3L	97.34L	92.92L	78.49L
Equity Method Investments, Total	4.29Cr	4.91Cr	5.52Cr	6.34Cr	7.6Cr
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	9.94Cr	14Cr	20Cr	22Cr	24Cr
Inventories - Work In Process, Total	12Cr	15Cr	23Cr	24Cr	26Cr
Inventories - Finished Goods, Total	32Cr	39Cr	52Cr	63Cr	62Cr
Land - (BS)	5.01Cr	13Cr	15Cr	15Cr	16Cr
Buildings, Total	49Cr	50Cr	52Cr	66Cr	69Cr
Machinery, Total	276.67Cr	307.05Cr	320.57Cr	335Cr	368.08Cr
Full Time Employees	4.61T	4.92T	4.99T	5.44T	5.72T
Accumulated Allowance for Doubtful Accounts (Supple)	2.6Cr	2.58Cr	2.54Cr	3.34Cr	3.62Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	83Cr	93Cr	125.2Cr	152.19Cr	159.69Cr
Depreciation & Amortization - CF	23Cr	26Cr	29Cr	30Cr	30Cr
Amortization of Goodwill and Intangible Assets - (CF)	3.14Cr	2.86Cr	2.94Cr	3.64Cr	3.7Cr
Depreciation & Amortization, Total	26Cr	29Cr	32Cr	34Cr	34Cr
Amortization of Deferred Charges, Total - (CF)	19Cr	26Cr	34Cr	33Cr	33Cr
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-68.96L	-61.75L	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-61.37L	-82.45L	-1.26Cr
Other Operating Activities, Total	16Cr	7.69Cr	17Cr	13Cr	19Cr
Change In Accounts Receivable	17.71L	-4.84Cr	-3.34Cr	-9.4Cr	-2.06Cr
Change In Inventories	-8.13Cr	-15Cr	-31Cr	-16Cr	-7.67Cr
Change In Accounts Payable	7.26Cr	10Cr	4.33Cr	76.72L	-5.91Cr
Change in Other Net Operating Assets	-15Cr	-4.79Cr	-5.86Cr	-14Cr	6.78Cr
Cash from Operations	128.27Cr	140.33Cr	171.66Cr	192.67Cr	234.93Cr
Capital Expenditure	-35Cr	-35Cr	-38Cr	-48Cr	-49Cr
Sale of Property, Plant, and Equipment	44.05L	6L	24.58L	20.41L	4L
Cash Acquisitions	-	-	-	-	-13.52L
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-38Cr	-46Cr	-49Cr	-51Cr	-46Cr
Investment in Marketable and Equity Securities, Total	-	-13.67L	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-73Cr	-81Cr	-87Cr	-99Cr	-94Cr
Long-Term Debt Issued, Total	34Cr	16Cr	44Cr	111.27Cr	58Cr
Total Debt Issued	34Cr	16Cr	44Cr	111.27Cr	58Cr
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-53Cr	-6.26Cr	-75Cr	-41Cr	-93Cr
Total Debt Repaid	-53Cr	-6.26Cr	-75Cr	-41Cr	-93Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-23Cr	-40Cr	-46Cr	-58Cr	-79Cr
Common Dividends Paid	-16Cr	-25Cr	-33Cr	-44Cr	-53Cr
Common & Preferred Stock Dividends Paid	-16Cr	-25Cr	-33Cr	-44Cr	-53Cr
Other Financing Activities, Total	-13.54L	-22.66L	-48.9L	-47.88L	-44.48L
Cash from Financing	-58Cr	-55Cr	-110.94Cr	-32Cr	-166.72Cr
Foreign Exchange Rate Adjustments	1.14Cr	4L	-76.98L	54.48L	-1.25Cr
Net Change in Cash	-1.83Cr	4.48Cr	-27Cr	62Cr	-27Cr
Supplemental Items
Cash Interest Paid	2.92Cr	3.74Cr	8.32Cr	5.04Cr	13Cr
Cash Income Tax Paid (Refund)	11Cr	30Cr	-	41Cr	39Cr
Levered Free Cash Flow	34Cr	5.89Cr	70Cr	60Cr	84Cr
Unlevered Free Cash Flow	36Cr	9.28Cr	72Cr	63Cr	86Cr
Change In Net Working Capital	4.06Cr	41Cr	11Cr	25Cr	20Cr
Net Debt Issued / Repaid	-19Cr	9.48Cr	-32Cr	70Cr	-35Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	10.18	10.43	12.72	13.42	13.75
Return on Total Capital	14.28	14.88	18.35	18.93	19.2
Return On Equity %	41.65	39.02	44.33	46.14	42.89
Return on Common Equity	41.63	38.87	44.29	46.15	42.92
Margin Analysis
Gross Profit Margin %	51.28	48.01	49.82	50.13	51.68
SG&A Margin	8.15	8.4	7.75	8.4	8.99
EBITDA Margin %	30.78	29.3	31.99	32.85	33.68
EBITA Margin %	25.76	24.53	27.45	28.76	29.96
EBIT Margin %	25.02	23.97	26.96	28.22	29.44
Income From Continuing Operations Margin %	19.51	18.43	21.06	22.85	22.38
Net Income Margin %	19.45	18.3	20.97	22.79	22.35
Net Avail. For Common Margin %	19.45	18.3	20.97	22.79	22.35
Normalized Net Income Margin	15.1	14.24	16.6	17.59	17.96
Levered Free Cash Flow Margin	7.87	1.16	11.72	9	11.74
Unlevered Free Cash Flow Margin	8.43	1.82	12.03	9.38	12.1
Asset Turnover
Asset Turnover	0.65	0.7	0.75	0.76	0.75
Fixed Assets Turnover	4.42	4.52	4.97	5.31	4.96
Receivables Turnover (Average Receivables)	23.13	24.41	24.18	21.44	19.74
Inventory Turnover (Average Inventory)	4.16	4.36	3.69	3.18	3.05
Short Term Liquidity
Current Ratio	1.92	1.71	1.93	1.9	2.3
Quick Ratio	1.58	1.37	1.42	1.45	1.71
Operating Cash Flow to Current Liabilities	0.73	0.61	0.83	0.73	1.12
Days Sales Outstanding (Average Receivables)	15.78	14.95	15.09	17.07	18.49
Days Outstanding Inventory (Average Inventory)	87.82	83.72	98.88	114.99	119.83
Average Days Payable Outstanding	127.69	111.53	102.34	101.56	96.5
Cash Conversion Cycle (Average Days)	-24.09	-12.86	11.64	30.51	41.82
Long Term Solvency
Total Debt/Equity	118.93	108.04	80.67	94.6	73.68
Total Debt / Total Capital	54.32	51.93	44.65	48.61	42.42
LT Debt/Equity	95.59	70.41	63.38	62.57	55.47
Long-Term Debt / Total Capital	43.66	33.84	35.08	32.16	31.94
Total Liabilities / Total Assets	67.78	66.49	61.86	62.69	59.34
EBIT / Interest Expense	27.83	22.53	55.01	47.04	51.11
EBITDA / Interest Expense	34.64	27.86	65.94	55.43	59.26
(EBITDA - Capex) / Interest Expense	25.47	21.44	52.89	43.38	47.48
Total Debt / EBITDA	1.98	1.86	1.28	1.51	1.18
Net Debt / EBITDA	0.96	0.91	0.69	0.72	0.6
Total Debt / (EBITDA - Capex)	2.69	2.42	1.6	1.93	1.48
Net Debt / (EBITDA - Capex)	1.31	1.19	0.86	0.92	0.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.44	19.3	17.17	11.83	7.03
Gross Profit, 1 Yr. Growth %	23.5	11.69	21.58	12.54	10.33
EBITDA, 1 Yr. Growth %	40.26	13.55	27.92	14.75	9.97
EBITA, 1 Yr. Growth %	48.73	13.62	31.14	17.05	11.75
EBIT, 1 Yr. Growth %	50.19	14.28	31.8	16.93	11.94
Earnings From Cont. Operations, 1 Yr. Growth %	36.83	12.74	33.87	21.35	4.82
Net Income, 1 Yr. Growth %	36.68	12.26	34.25	21.55	4.93
Normalized Net Income, 1 Yr. Growth %	56.13	12.54	36.61	18.34	9.58
Diluted EPS Before Extra, 1 Yr. Growth %	37.2	13.11	35.56	22.61	5.91
Accounts Receivable, 1 Yr. Growth %	0.4	25.63	12.46	33.59	3.2
Inventory, 1 Yr. Growth %	17.36	24.8	40.59	14.73	2.36
Net Property, Plant and Equip., 1 Yr. Growth %	15.32	17.88	-2.94	12.36	16.91
Total Assets, 1 Yr. Growth %	9.6	13.15	3.68	17.96	1.38
Tangible Book Value, 1 Yr. Growth %	44.88	26.99	26.13	21.57	13.79
Common Equity, 1 Yr. Growth %	23.57	17.54	18.05	15.45	10.55
Cash From Operations, 1 Yr. Growth %	53.03	9.4	22.32	12.23	21.94
Capital Expenditures, 1 Yr. Growth %	-1.32	-1.3	9.79	26.33	0.61
Levered Free Cash Flow, 1 Yr. Growth %	97	-81.71	14.18	-5.69	54.46
Unlevered Free Cash Flow, 1 Yr. Growth %	78.27	-73.19	14.19	-4.5	52.18
Dividend Per Share, 1 Yr. Growth %	57.09	32.89	34.97	22.23	21.06
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.48	21.36	18.23	14.47	9.4
Gross Profit, 2 Yr. CAGR %	5.68	17.45	16.53	16.97	11.43
EBITDA, 2 Yr. CAGR %	1.91	14.53	20.52	21.21	12.23
EBITA, 2 Yr. CAGR %	1.19	16.55	22.07	23.95	14.25
EBIT, 2 Yr. CAGR %	8.13	31.01	22.73	24.21	14.27
Earnings From Cont. Operations, 2 Yr. CAGR %	9.2	24.2	22.85	27.46	12.78
Net Income, 2 Yr. CAGR %	9.27	23.87	22.76	27.74	12.94
Normalized Net Income, 2 Yr. CAGR %	8.56	32.56	23.99	27.21	13.74
Diluted EPS Before Extra, 2 Yr. CAGR %	10.13	24.57	23.83	28.92	13.95
Accounts Receivable, 2 Yr. CAGR %	-10.59	12.31	18.86	22.57	17.41
Inventory, 2 Yr. CAGR %	13.44	21.02	32.46	27	8.37
Net Property, Plant and Equip., 2 Yr. CAGR %	9.14	16.59	6.97	4.43	14.61
Total Assets, 2 Yr. CAGR %	12.26	11.36	8.31	10.59	9.36
Tangible Book Value, 2 Yr. CAGR %	45.22	35.64	26.56	23.83	17.61
Common Equity, 2 Yr. CAGR %	22.03	20.52	17.8	16.75	12.98
Cash From Operations, 2 Yr. CAGR %	-0.9	29.39	15.68	17.17	16.99
Capital Expenditures, 2 Yr. CAGR %	0.02	-1.31	4.1	17.77	12.74
Levered Free Cash Flow, 2 Yr. CAGR %	31.64	-37.98	42.39	-0.97	14.74
Unlevered Free Cash Flow, 2 Yr. CAGR %	28.29	-29.1	41.24	-0.22	14.85
Dividend Per Share, 2 Yr. CAGR %	9.79	44.49	33.93	28.44	21.64
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.68	10.6	19.94	16.06	11.93
Gross Profit, 3 Yr. CAGR %	6.81	7.64	18.81	15.18	14.71
EBITDA, 3 Yr. CAGR %	5.73	5.65	18.83	18.6	17.26
EBITA, 3 Yr. CAGR %	4.79	5.17	21.22	20.41	19.65
EBIT, 3 Yr. CAGR %	9.07	10.14	31.28	20.81	19.88
Earnings From Cont. Operations, 3 Yr. CAGR %	1.93	10.37	27.35	22.35	19.42
Net Income, 3 Yr. CAGR %	1.92	10.26	27.24	22.36	19.64
Normalized Net Income, 3 Yr. CAGR %	8.98	9.87	33.89	22.12	20.94
Diluted EPS Before Extra, 3 Yr. CAGR %	2.82	11.12	28.13	23.42	20.74
Accounts Receivable, 3 Yr. CAGR %	-4.35	0.14	12.36	23.58	15.74
Inventory, 3 Yr. CAGR %	11.4	17.11	27.22	26.27	18.19
Net Property, Plant and Equip., 3 Yr. CAGR %	17.64	11.98	9.68	8.73	8.43
Total Assets, 3 Yr. CAGR %	12.26	12.55	8.74	11.43	7.43
Tangible Book Value, 3 Yr. CAGR %	38.05	38.87	32.39	24.87	20.39
Common Equity, 3 Yr. CAGR %	17.82	20.52	19.69	17.01	14.64
Cash From Operations, 3 Yr. CAGR %	11.15	2.42	26.99	14.52	18.74
Capital Expenditures, 3 Yr. CAGR %	5.41	-0.42	2.26	11.03	11.75
Levered Free Cash Flow, 3 Yr. CAGR %	98.68	-32.78	65.94	20.31	11.04
Unlevered Free Cash Flow, 3 Yr. CAGR %	137.75	-24.87	57.29	20.26	11.21
Dividend Per Share, 3 Yr. CAGR %	9.76	17	41.24	29.91	25.93
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.58	8.32	11.78	12.13	15.61
Gross Profit, 5 Yr. CAGR %	6.99	6.73	10.6	11.28	15.8
EBITDA, 5 Yr. CAGR %	10.88	7.68	11.42	11.62	16.16
EBITA, 5 Yr. CAGR %	11.41	7.09	11.39	12.32	18.4
EBIT, 5 Yr. CAGR %	10.76	9.65	14.34	15.57	24.22
Earnings From Cont. Operations, 5 Yr. CAGR %	15.82	11.82	9.84	16.91	21.31
Net Income, 5 Yr. CAGR %	15.81	11.74	9.8	16.94	21.31
Normalized Net Income, 5 Yr. CAGR %	11.02	9.49	14.76	16.5	25.46
Diluted EPS Before Extra, 5 Yr. CAGR %	16.36	12.54	10.76	17.92	22.26
Accounts Receivable, 5 Yr. CAGR %	-5.38	-0.59	4.34	8.57	14.36
Inventory, 5 Yr. CAGR %	10.78	11.37	19.39	20.97	19.32
Net Property, Plant and Equip., 5 Yr. CAGR %	12.23	13.28	13.25	8.9	11.63
Total Assets, 5 Yr. CAGR %	12.26	13.4	10.66	11.76	8.99
Tangible Book Value, 5 Yr. CAGR %	23.11	114.14	33.33	32.65	26.27
Common Equity, 5 Yr. CAGR %	46.67	27.2	17.81	18.99	16.96
Cash From Operations, 5 Yr. CAGR %	4.99	16.19	12.94	8.09	22.89
Capital Expenditures, 5 Yr. CAGR %	14.94	12.98	4.88	6.49	6.33
Levered Free Cash Flow, 5 Yr. CAGR %	-13.22	-28.37	74.83	25.39	40.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	-12.5	-22.63	93.04	23.41	36.2
Dividend Per Share, 5 Yr. CAGR %	16.49	20.58	18.85	21.45	33.05