Cash flow Internet Initiative Japan Inc.

Stocks

3774

JP3152820001

Integrated Telecommunications Services

Delayed Japan Exchange 12:00:00 10/09/2026 pm IST			5-day change	1st Jan Change
3,299.00 ^JPY	+2.10%		+1.51%	+19.29%

02/09	Nomura Downgrades Internet Initiative Japan to Neutral from Buy; Price Target is 3,477 Yen	MT
07/08	Internet Initiative Japan Inc. Provides Dividend Guidance for the Second Quarter End and Full Fiscal Year Ending March 31, 2027 the Fiscal Year Ending March 31, 2027	CI

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Published financial data: INTERNET INITIATIVE JAPAN INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	23TCr	25TCr	28TCr	32TCr	35TCr
Other Revenues, Total	10L	-	-	-	-
Total Revenues	23TCr	25TCr	28TCr	32TCr	35TCr
Cost of Goods Sold, Total	17TCr	19TCr	21TCr	25TCr	27TCr
Gross Profit	5.16TCr	5.79TCr	6.39TCr	6.84TCr	7.62TCr
Selling General & Admin Expenses, Total	2.43TCr	2.73TCr	3.08TCr	3.4TCr	3.79TCr
R&D Expenses	51Cr	55Cr	64Cr	64Cr	64Cr
Depreciation & Amortization - (IS)	312.5Cr	307.9Cr	329.4Cr	363.7Cr	388.6Cr
Other Operating Expenses	-2.6Cr	-2.3Cr	2.5Cr	-3.3Cr	-113.5Cr
Other Operating Expenses, Total	2.79TCr	3.09TCr	3.48TCr	3.83TCr	4.13TCr
Operating Income	2.37TCr	2.7TCr	2.91TCr	3.01TCr	3.49TCr
Interest Expense, Total	-51Cr	-50Cr	-56Cr	-98Cr	-132.1Cr
Interest And Investment Income	12Cr	17Cr	34Cr	32Cr	47Cr
Net Interest Expenses	-39Cr	-32Cr	-23Cr	-66Cr	-85Cr
Income (Loss) On Equity Invest.	-233.4Cr	-20Cr	-46Cr	-41Cr	-47Cr
Currency Exchange Gains (Loss)	33Cr	36Cr	53Cr	4.7Cr	4.5Cr
Other Non Operating Income (Expenses)	3.6Cr	90L	-1.7Cr	-1.7Cr	80L
EBT, Excl. Unusual Items	2.13TCr	2.69TCr	2.89TCr	2.91TCr	3.36TCr
Gain (Loss) On Sale Of Investments	305.5Cr	30Cr	15Cr	20Cr	176Cr
Gain (Loss) On Sale Of Assets	-22Cr	13Cr	-13Cr	-9.3Cr	-10Cr
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	2.42TCr	2.73TCr	2.89TCr	2.92TCr	3.52TCr
Income Tax Expense	836.1Cr	833Cr	895.8Cr	908Cr	1.08TCr
Earnings From Continuing Operations	1.58TCr	1.9TCr	2TCr	2.01TCr	2.44TCr
Net Income to Company	1.58TCr	1.9TCr	2TCr	2.01TCr	2.44TCr
Minority Interest	-13Cr	-14Cr	-14Cr	-17Cr	-22Cr
Net Income - (IS)	1.57TCr	1.88TCr	1.98TCr	1.99TCr	2.42TCr
Net Income to Common Incl Extra Items	1.57TCr	1.88TCr	1.98TCr	1.99TCr	2.42TCr
Net Income to Common Excl. Extra Items	1.57TCr	1.88TCr	1.98TCr	1.99TCr	2.42TCr
Per Share Items
Net EPS - Basic	86.78	104.26	111.81	112.68	136.51
Basic EPS - Continuing Operations	86.78	104.26	111.81	112.68	136.51
Basic Weighted Average Shares Outstanding	18Cr	18Cr	18Cr	18Cr	18Cr
Net EPS - Diluted	86.37	103.75	111.23	112.1	135.92
Diluted EPS - Continuing Operations	86.37	103.75	111.23	112.1	135.92
Diluted Weighted Average Shares Outstanding	18Cr	18Cr	18Cr	18Cr	18Cr
Normalized Basic EPS	73.09	92.2	101.06	101.76	117.22
Normalized Diluted EPS	72.74	91.74	100.54	101.24	116.71
Dividend Per Share	24	29.26	34.36	35	39
Payout Ratio	24.48	26.02	28.65	30.77	27.09
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	5.21TCr	5.58TCr	5.84TCr	6.15TCr	6.75TCr
EBITA	2.37TCr	2.7TCr	2.91TCr	3.01TCr	3.49TCr
EBIT	2.37TCr	2.7TCr	2.91TCr	3.01TCr	3.49TCr
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	34.61	30.5	30.96	31.11	30.74
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	1.32TCr	1.67TCr	1.79TCr	1.8TCr	2.08TCr
Non-Cash Pension Expense	2.5Cr	3.3Cr	5.5Cr	7.9Cr	4.5Cr
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	432.7Cr	422.4Cr	457.1Cr	447.9Cr	527.3Cr
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	51Cr	55Cr	64Cr	64Cr	64Cr
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	4.74TCr	4.25TCr	4.55TCr	3.25TCr	3.84TCr
Total Cash And Short Term Investments	4.74TCr	4.25TCr	4.55TCr	3.25TCr	3.84TCr
Accounts Receivable, Total	3.76TCr	4.13TCr	4.57TCr	5.64TCr	6.21TCr
Total Receivables	3.76TCr	4.13TCr	4.57TCr	5.64TCr	6.21TCr
Inventory	260.8Cr	318.8Cr	322.7Cr	468.1Cr	713.2Cr
Prepaid Expenses	1.36TCr	1.53TCr	2.01TCr	2.81TCr	3.78TCr
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	328.5Cr	433.7Cr	542.1Cr	849.7Cr	673.7Cr
Total Current Assets	10TCr	11TCr	12TCr	13TCr	15TCr
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	6.27TCr	7TCr	7.03TCr	7.95TCr	8.42TCr
Long-term Investments	3.85TCr	4.28TCr	5.45TCr	7.11TCr	7.68TCr
Goodwill	947.9Cr	985.9Cr	1.03TCr	1.03TCr	1.08TCr
Other Intangibles, Total	1.64TCr	1.66TCr	1.84TCr	2.1TCr	2.27TCr
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	18Cr	20Cr	29Cr	25Cr	33Cr
Other Long-Term Assets, Total	20L	-	-	-	-
Total Assets	23TCr	25TCr	27TCr	31TCr	35TCr
Liabilities
Accounts Payable, Total	2.07TCr	2.23TCr	2.54TCr	3.02TCr	3.45TCr
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	1.49TCr	1.48TCr	2.66TCr	3.36TCr	3.56TCr
Current Portion of Long-Term Debt	150Cr	205.8Cr	356.3Cr	4.6Cr	-
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	579.5Cr	403.4Cr	532.8Cr	520.5Cr	511.9Cr
Unearned Revenue Current, Total	6.5Cr	7.9Cr	5.6Cr	3.6Cr	3.2Cr
Other Current Liabilities	3.38TCr	3.46TCr	3.74TCr	4.42TCr	5.43TCr
Total Current Liabilities	7.68TCr	7.79TCr	9.84TCr	11TCr	13TCr
Long-Term Debt	550Cr	360.2Cr	4.7Cr	-	-
Long-Term Leases	-	-	-	-	-
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	439.4Cr	451.3Cr	499.1Cr	484.9Cr	101.3Cr
Deferred Tax Liability Non Current	64Cr	61Cr	148.3Cr	147.4Cr	131.6Cr
Other Non Current Liabilities	3.99TCr	4.03TCr	4.18TCr	5.07TCr	5.56TCr
Total Liabilities	13TCr	13TCr	15TCr	17TCr	19TCr
Common Stock, Total	2.56TCr	2.56TCr	2.56TCr	2.56TCr	2.57TCr
Additional Paid In Capital	3.65TCr	3.67TCr	3.57TCr	3.59TCr	3.59TCr
Retained Earnings	3.7TCr	5.11TCr	6.56TCr	7.99TCr	9.82TCr
Treasury Stock	-185Cr	-183.1Cr	-1.2TCr	-1.19TCr	-1.18TCr
Comprehensive Income and Other	627.5Cr	657.1Cr	1.09TCr	1.13TCr	1TCr
Total Common Equity	10TCr	12TCr	13TCr	14TCr	16TCr
Minority Interest	109.2Cr	118.5Cr	128.1Cr	140.3Cr	146.4Cr
Total Equity	10TCr	12TCr	13TCr	14TCr	16TCr
Total Liabilities And Equity	23TCr	25TCr	27TCr	31TCr	35TCr
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	573.16	653.67	711.22	795.19	891.38
Tangible Book Value	7.76TCr	9.16TCr	9.71TCr	11TCr	12TCr
Tangible Book Value Per Share	429.75	507.16	548.98	618.12	702.8
Total Debt	2.19TCr	2.04TCr	3.02TCr	3.36TCr	3.56TCr
Net Debt	-2.55TCr	-2.2TCr	-1.53TCr	108.2Cr	-282.5Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	439.47Cr	451.3Cr	499.1Cr	472.5Cr	88Cr
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	109.2Cr	118.5Cr	128.1Cr	140.3Cr	146.4Cr
Equity Method Investments, Total	582.9Cr	578.5Cr	516.9Cr	663.9Cr	629.3Cr
Account Code - Inventory Valuation	-	-	-	-	-
Inventories - Work In Process, Total	88Cr	101.1Cr	84Cr	158.6Cr	297.7Cr
Inventories - Finished Goods, Total	172.2Cr	217.7Cr	238.5Cr	309.5Cr	415.5Cr
Inventories - Others	10L	-	-	-	-
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	4.15T	4.45T	4.8T	5.22T	5.53T
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-
Order Backlog	7.28TCr	8.28TCr	11TCr	12TCr	16TCr

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	2.42TCr	2.73TCr	2.89TCr	2.92TCr	3.52TCr
Depreciation & Amortization - CF	2.84TCr	2.88TCr	2.93TCr	3.14TCr	3.27TCr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	2.84TCr	2.88TCr	2.93TCr	3.14TCr	3.27TCr
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	22Cr	-13Cr	14Cr	9.2Cr	10Cr
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	233.4Cr	20Cr	46Cr	41Cr	47Cr
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-893.6Cr	-1.05TCr	-871.1Cr	-1.01TCr	-1.18TCr
Change In Accounts Receivable	-140.3Cr	-343.2Cr	-405.3Cr	-1.07TCr	-517.8Cr
Change In Inventories	-42Cr	-56Cr	15Cr	-139Cr	-217.8Cr
Change In Accounts Payable	55Cr	141.7Cr	231.5Cr	433.1Cr	373.2Cr
Change in Unearned Revenues	-	-	-	-	-
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-137.5Cr	-456.1Cr	-775Cr	-1.47TCr	-257.7Cr
Cash from Operations	4.36TCr	3.85TCr	4.08TCr	2.85TCr	5.05TCr
Capital Expenditure	-678.3Cr	-1.18TCr	-1.17TCr	-1.19TCr	-2.04TCr
Sale of Property, Plant, and Equipment	215Cr	154.6Cr	68Cr	179.4Cr	275.5Cr
Cash Acquisitions	-261.2Cr	-26Cr	-2.9Cr	-192.5Cr	-20Cr
Divestitures	78Cr	-	-	-	-
Sale (Purchase) of Intangible assets	-473.4Cr	-547.1Cr	-657.5Cr	-821.1Cr	-810.9Cr
Investment in Marketable and Equity Securities, Total	-61Cr	-238.7Cr	-2.4Cr	-128.9Cr	-29Cr
Other Investing Activities, Total	-2.8Cr	-2.6Cr	-24Cr	-21Cr	-11Cr
Cash from Investing	-1.18TCr	-1.84TCr	-1.79TCr	-2.17TCr	-2.63TCr
Short Term Debt Issued, Total	148Cr	-	1.18TCr	700Cr	200Cr
Long-Term Debt Issued, Total	-	18Cr	-	-	-
Total Debt Issued	148Cr	18Cr	1.18TCr	700Cr	200Cr
Short Term Debt Repaid, Total	-	-10Cr	-	-	-
Long-Term Debt Repaid, Total	-517Cr	-151.5Cr	-206Cr	-356.3Cr	-4.8Cr
Total Debt Repaid	-517Cr	-161.5Cr	-206Cr	-356.3Cr	-4.8Cr
Repurchase of Common Stock	-	-	-1.14TCr	-	-
Common Dividends Paid	-383.6Cr	-490.1Cr	-568.2Cr	-613.4Cr	-655.3Cr
Common & Preferred Stock Dividends Paid	-383.6Cr	-490.1Cr	-568.2Cr	-613.4Cr	-655.3Cr
Other Financing Activities, Total	-1.98TCr	-1.94TCr	-1.34TCr	-1.7TCr	-1.45TCr
Cash from Financing	-2.73TCr	-2.57TCr	-2.08TCr	-1.97TCr	-1.91TCr
Foreign Exchange Rate Adjustments	48Cr	67Cr	95Cr	-5.2Cr	84Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	492.3Cr	-491.9Cr	300.2Cr	-1.29TCr	586.1Cr
Supplemental Items
Cash Interest Paid	53Cr	53Cr	62Cr	117.1Cr	141.1Cr
Cash Income Tax Paid (Refund)	569.9Cr	995.8Cr	813Cr	976.4Cr	1TCr
Levered Free Cash Flow	3.1TCr	2.16TCr	2.58TCr	1.77TCr	2.33TCr
Unlevered Free Cash Flow	3.13TCr	2.2TCr	2.61TCr	1.83TCr	2.41TCr
Change In Net Working Capital	45Cr	648.2Cr	302Cr	1.18TCr	183.9Cr
Net Debt Issued / Repaid	-369Cr	-143.7Cr	974Cr	343.7Cr	195.2Cr

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	6.54	7.07	6.99	6.42	6.61
Return on Total Capital	12.18	12.69	12.24	11.31	11.75
Return On Equity %	16.16	16.95	16.22	14.94	16.19
Return on Common Equity	16.2	17	16.26	14.96	16.2
Margin Analysis
Gross Profit Margin %	22.81	22.91	23.13	21.59	22.05
SG&A Margin	10.75	10.79	11.16	10.74	10.98
EBITDA Margin %	23.03	22.09	21.15	19.41	19.55
EBITA Margin %	10.46	10.7	10.54	9.51	10.09
EBIT Margin %	10.46	10.7	10.54	9.51	10.09
Income From Continuing Operations Margin %	6.98	7.51	7.24	6.35	7.07
Net Income Margin %	6.92	7.45	7.18	6.29	7
Net Avail. For Common Margin %	6.92	7.45	7.18	6.29	7
Normalized Net Income Margin	5.83	6.59	6.49	5.68	6.01
Levered Free Cash Flow Margin	13.68	8.57	9.34	5.59	6.75
Unlevered Free Cash Flow Margin	13.82	8.69	9.47	5.78	6.99
Asset Turnover
Asset Turnover	1	1.06	1.06	1.08	1.05
Fixed Assets Turnover	3.47	3.81	3.94	4.23	4.22
Receivables Turnover (Average Receivables)	6.25	6.4	6.34	6.21	5.83
Inventory Turnover (Average Inventory)	73.11	67.22	66.16	62.83	45.58
Short Term Liquidity
Current Ratio	1.36	1.37	1.22	1.15	1.17
Quick Ratio	1.11	1.08	0.93	0.78	0.78
Operating Cash Flow to Current Liabilities	0.57	0.49	0.41	0.25	0.39
Days Sales Outstanding (Average Receivables)	58.42	57.04	57.68	58.78	62.58
Days Outstanding Inventory (Average Inventory)	4.99	5.43	5.53	5.81	8.01
Average Days Payable Outstanding	41.66	40.22	41.17	40.66	43.47
Cash Conversion Cycle (Average Days)	21.75	22.26	22.05	23.93	27.12
Long Term Solvency
Total Debt/Equity	20.9	17.12	23.76	23.66	22.3
Total Debt / Total Capital	17.29	14.62	19.2	19.13	18.24
LT Debt/Equity	5.26	3.02	0.04	-	-
Long-Term Debt / Total Capital	4.35	2.58	0.03	-	-
Total Liabilities / Total Assets	54.87	51.54	53.59	54.52	54.03
EBIT / Interest Expense	46.26	54.5	51.85	30.61	26.39
EBITDA / Interest Expense	101.81	112.57	104.07	62.49	51.12
(EBITDA - Capex) / Interest Expense	88.57	88.81	83.14	50.4	35.69
Total Debt / EBITDA	0.42	0.37	0.52	0.55	0.53
Net Debt / EBITDA	-0.49	-0.39	-0.26	0.02	-0.04
Total Debt / (EBITDA - Capex)	0.48	0.46	0.65	0.68	0.75
Net Debt / (EBITDA - Capex)	-0.56	-0.5	-0.33	0.02	-0.06
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.26	11.65	9.25	14.76	9.02
Gross Profit, 1 Yr. Growth %	28.17	12.17	10.29	7.1	11.35
EBITDA, 1 Yr. Growth %	21.88	7.11	4.56	5.33	9.82
EBITA, 1 Yr. Growth %	60.07	14.14	7.59	3.56	15.72
EBIT, 1 Yr. Growth %	60.07	14.14	7.59	3.56	15.72
Earnings From Cont. Operations, 1 Yr. Growth %	61.22	20.12	5.25	0.64	21.41
Net Income, 1 Yr. Growth %	61.38	20.2	5.27	0.51	21.35
Normalized Net Income, 1 Yr. Growth %	50.36	26.2	7.6	0.43	15.38
Diluted EPS Before Extra, 1 Yr. Growth %	61.23	20.12	7.21	0.78	21.25
Accounts Receivable, 1 Yr. Growth %	8.19	9.8	10.51	23.37	10.15
Inventory, 1 Yr. Growth %	20.13	22.24	1.22	45.06	52.36
Net Property, Plant and Equip., 1 Yr. Growth %	-7.48	11.6	0.45	13.1	5.91
Total Assets, 1 Yr. Growth %	5	6.21	11.18	14.15	11.04
Tangible Book Value, 1 Yr. Growth %	16	18.06	5.92	12.66	13.92
Common Equity, 1 Yr. Growth %	15.09	14.09	6.46	11.87	12.31
Cash From Operations, 1 Yr. Growth %	7.47	-11.57	5.84	-30.04	76.88
Capital Expenditures, 1 Yr. Growth %	6.15	73.77	-0.36	1.36	71.19
Levered Free Cash Flow, 1 Yr. Growth %	12.64	-30.08	19.12	-31.37	31.7
Unlevered Free Cash Flow, 1 Yr. Growth %	12.39	-29.81	19.03	-29.94	31.79
Dividend Per Share, 1 Yr. Growth %	61.34	21.9	17.45	1.86	11.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.21	8.92	10.44	11.97	11.85
Gross Profit, 2 Yr. CAGR %	25.86	19.9	11.22	8.68	9.21
EBITDA, 2 Yr. CAGR %	18.43	14.26	5.83	4.95	7.55
EBITA, 2 Yr. CAGR %	65.48	35.17	10.82	5.56	9.47
EBIT, 2 Yr. CAGR %	65.48	35.17	10.82	5.56	9.47
Earnings From Cont. Operations, 2 Yr. CAGR %	94.14	39.16	12.44	2.92	10.54
Net Income, 2 Yr. CAGR %	97.79	39.28	12.49	2.87	10.44
Normalized Net Income, 2 Yr. CAGR %	71.96	37.75	16.53	3.95	7.64
Diluted EPS Before Extra, 2 Yr. CAGR %	97.59	39.17	13.48	3.95	10.54
Accounts Receivable, 2 Yr. CAGR %	6.84	8.99	10.15	16.76	16.58
Inventory, 2 Yr. CAGR %	2.63	21.18	11.24	21.17	48.66
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.93	1.61	5.88	6.59	9.45
Total Assets, 2 Yr. CAGR %	5.94	5.6	8.66	12.65	12.58
Tangible Book Value, 2 Yr. CAGR %	19.11	17.02	11.82	9.24	13.29
Common Equity, 2 Yr. CAGR %	14.42	14.59	10.21	9.14	12.09
Cash From Operations, 2 Yr. CAGR %	14.23	-2.52	-3.26	-13.95	11.24
Capital Expenditures, 2 Yr. CAGR %	-2.92	35.82	31.58	0.5	31.73
Levered Free Cash Flow, 2 Yr. CAGR %	-9.23	-11.26	-8.74	-9.58	-4.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.18	-11.18	-8.59	-8.68	-3.91
Dividend Per Share, 2 Yr. CAGR %	88.56	40.24	19.65	9.38	6.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.56	7.32	9.03	11.86	10.98
Gross Profit, 3 Yr. CAGR %	21.23	21.12	16.61	9.83	9.57
EBITDA, 3 Yr. CAGR %	33.41	14.53	10.93	5.66	6.54
EBITA, 3 Yr. CAGR %	55.27	46.21	25.27	8.34	8.84
EBIT, 3 Yr. CAGR %	55.27	46.21	25.27	8.34	8.84
Earnings From Cont. Operations, 3 Yr. CAGR %	62.27	65.43	26.79	8.36	8.75
Net Income, 3 Yr. CAGR %	64.51	67.54	26.87	8.35	8.69
Normalized Net Income, 3 Yr. CAGR %	56.95	55.11	26.87	10.9	7.63
Diluted EPS Before Extra, 3 Yr. CAGR %	64.37	67.39	27.58	9.08	9.42
Accounts Receivable, 3 Yr. CAGR %	4.1	7.82	9.5	14.4	14.52
Inventory, 3 Yr. CAGR %	-8.49	8.79	14.12	21.53	30.79
Net Property, Plant and Equip., 3 Yr. CAGR %	23.7	0.99	1.22	8.24	6.36
Total Assets, 3 Yr. CAGR %	11.49	6.03	7.43	10.46	12.11
Tangible Book Value, 3 Yr. CAGR %	14.75	18.76	13.2	12.1	10.78
Common Equity, 3 Yr. CAGR %	10.72	14.31	11.81	10.76	10.18
Cash From Operations, 3 Yr. CAGR %	20.1	4.88	0.19	-13.17	9.41
Capital Expenditures, 3 Yr. CAGR %	-1.42	17.87	22.49	20.62	20.02
Levered Free Cash Flow, 3 Yr. CAGR %	37.16	-16.79	-2.11	-17.01	2.49
Unlevered Free Cash Flow, 3 Yr. CAGR %	36.62	-16.66	-2.07	-16.35	3.2
Dividend Per Share, 3 Yr. CAGR %	52.63	63.04	32.19	13.4	10.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.48	7.5	7.49	9.15	10.15
Gross Profit, 5 Yr. CAGR %	15.38	15.45	17.12	15.98	13.59
EBITDA, 5 Yr. CAGR %	31.59	28.76	21.6	10.59	9.57
EBITA, 5 Yr. CAGR %	33.45	30.55	35.68	28.35	18.69
EBIT, 5 Yr. CAGR %	35.34	31.94	35.68	28.35	18.69
Earnings From Cont. Operations, 5 Yr. CAGR %	36.52	29.17	40.12	36.83	20.02
Net Income, 5 Yr. CAGR %	37.69	29.82	41.31	37.84	20.02
Normalized Net Income, 5 Yr. CAGR %	32.36	31.63	39.33	32.17	18.8
Diluted EPS Before Extra, 5 Yr. CAGR %	37.94	29.72	41.73	38.34	20.47
Accounts Receivable, 5 Yr. CAGR %	6.57	5.37	6.48	11.31	12.27
Inventory, 5 Yr. CAGR %	-1.4	13.21	-1.06	13.58	26.86
Net Property, Plant and Equip., 5 Yr. CAGR %	18.08	17.05	16.24	3.19	4.44
Total Assets, 5 Yr. CAGR %	11.03	9.92	10.35	8.63	9.46
Tangible Book Value, 5 Yr. CAGR %	11.5	12.91	13.57	14.85	13.23
Common Equity, 5 Yr. CAGR %	9.18	10.02	10.52	12.21	11.93
Cash From Operations, 5 Yr. CAGR %	42.68	23.78	10.15	-3.1	4.47
Capital Expenditures, 5 Yr. CAGR %	-8.58	-5.66	10.65	10.59	26.11
Levered Free Cash Flow, 5 Yr. CAGR %	83.79	60.22	16.53	-13.98	-3.24
Unlevered Free Cash Flow, 5 Yr. CAGR %	89.3	64.62	16.33	-13.55	-2.81
Dividend Per Share, 5 Yr. CAGR %	28.88	34.08	38.47	38.98	21.26