Balance Sheet National Grid plc

Equities

NG.

GB00BDR05C01

Multiline Utilities

Real-time Estimate Cboe Europe Other stock markets 08:23:30 22/04/2026 pm IST			5-day change	1st Jan Change
1,280.30 ^GBX	+2.11%		-0.88%	+12.36%

17/04	UK stocks end week higher after Iran says Strait of Hormuz is open	RE
17/04	NATIONAL GRID : Sell rating from UBS	ZD

69628e93a229661.TmLOsBdU2nMA6l4TDKg-iSuYd9b56dMvPoNGvXEaV30.LQmZwm4QihxargZ0f5B6vxjSD5Osr5REUch2x1xZBkx6OvbHThCFAE6aHw

Published financial data: NATIONAL GRID PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues - (Utility Template)	1.48TCr	1.84TCr	2.17TCr	1.98TCr	1.84TCr
Total Revenues	1.48TCr	1.84TCr	2.17TCr	1.98TCr	1.84TCr
Fuel & Purchased Power	-	-	-	-	-
Depreciation & Amortization - (IS) - (Collected)	-	-	-	-	-
Provision for Bad Debts	33Cr	17Cr	22Cr	18Cr	20Cr
Other Operating Expenses	1.14TCr	1.41TCr	1.74TCr	1.41TCr	1.32TCr
Total Operating Expenses	1.17TCr	1.42TCr	1.76TCr	1.43TCr	1.34TCr
Operating Income (REIT / Utility Template)	307.6Cr	420.5Cr	404.4Cr	558.6Cr	499Cr
Interest Expense, Total	-86Cr	-108.4Cr	-159.2Cr	-162.1Cr	-168Cr
Interest and Investment Income	3.5Cr	3.5Cr	8.1Cr	14Cr	34Cr
Net Interest Expenses	-83Cr	-104.9Cr	-151.1Cr	-148.1Cr	-133.8Cr
Income (Loss) on Equity Invest.	5.8Cr	9.2Cr	17Cr	3.7Cr	7.3Cr
Other Non Operating Income (Expenses)	-2.9Cr	4.2Cr	-60L	-8.7Cr	-12Cr
EBT, Excl. Unusual Items	227.9Cr	329Cr	269.8Cr	405.5Cr	360.7Cr
Restructuring Charges	-40L	-	-10Cr	-6.5Cr	-7.4Cr
Total Merger & Related Restructuring Charges	-2.4Cr	-22Cr	-12Cr	-4.4Cr	-6.5Cr
Gain (Loss) on Sale of Investments	2.3Cr	40Cr	31Cr	40L	-30Cr
Gain (Loss) on Sale of Assets	-	-	51Cr	-	19Cr
Asset Writedown	-	-	-1.5Cr	-	-
Insurance Settlements	-	3.8Cr	13Cr	9.2Cr	-
Other Unusual Items	-19Cr	-6.6Cr	18Cr	-99Cr	30Cr
EBT, Incl. Unusual Items	208.3Cr	344.1Cr	359Cr	304.8Cr	365Cr
Income Tax Expense	44Cr	125.8Cr	88Cr	83Cr	82Cr
Earnings From Continuing Operations	164.1Cr	218.3Cr	271.4Cr	221.7Cr	282.9Cr
Earnings Of Discontinued Operations	-	17Cr	508.3Cr	7.4Cr	7.6Cr
Net Income to Company	164.1Cr	235.4Cr	779.7Cr	229.1Cr	290.5Cr
Minority Interest	-10L	-10L	-	-10L	-30L
Net Income - (IS)	164Cr	235.3Cr	779.7Cr	229Cr	290.2Cr
Net Income to Common Incl Extra Items	164Cr	235.3Cr	779.7Cr	229Cr	290.2Cr
Net Income to Common Excl. Extra Items	164Cr	218.2Cr	271.4Cr	221.6Cr	282.6Cr
Per Share Items
Net EPS - Basic	0.47	0.65	2.13	0.62	0.62
Basic EPS - Continuing Operations	0.47	0.61	0.74	0.6	0.6
Basic Weighted Average Shares Outstanding	352.3Cr	359.9Cr	365.9Cr	369.2Cr	470.7Cr
Net EPS - Diluted	0.46	0.65	2.12	0.62	0.61
Diluted EPS - Continuing Operations	0.46	0.6	0.74	0.6	0.6
Diluted Weighted Average Shares Outstanding	354Cr	361.6Cr	367.6Cr	370.9Cr	472.9Cr
Normalized Basic EPS	0.4	0.57	0.46	0.69	0.48
Normalized Diluted EPS	0.4	0.57	0.46	0.68	0.48
Dividend Per Share	0.49	0.51	0.55	0.59	0.47
Payout Ratio	86.16	39.18	20.61	75.02	52.69
American Depositary Receipts Ratio (ADR)	0.83	0.83	0.83	0.83	0.83
Supplemental Items
Utility Revenues	1.41TCr	1.7TCr	2.01TCr	1.83TCr	1.69TCr
Non Utility Revenues	71Cr	140.5Cr	160Cr	157Cr	146.6Cr
EBITDA	443.9Cr	560.5Cr	559.2Cr	727.5Cr	679.4Cr
EBITA	307.6Cr	420.5Cr	404.4Cr	558.6Cr	499Cr
EBIT	307.6Cr	420.5Cr	404.4Cr	558.6Cr	499Cr
EBITDAR	445.2Cr	561.9Cr	561.1Cr	729.5Cr	681.8Cr
Effective Tax Rate - (Ratio)	21.22	36.56	24.4	27.26	22.49
Current Domestic Taxes	24Cr	25Cr	16Cr	37Cr	3Cr
Current Foreign Taxes	-1.2Cr	-2Cr	21Cr	-80L	80L
Total Current Taxes	22Cr	23Cr	37Cr	37Cr	3.8Cr
Deferred Domestic Taxes	3.7Cr	60Cr	27Cr	43Cr	55Cr
Deferred Foreign Taxes	18Cr	43Cr	24Cr	3.4Cr	23Cr
Total Deferred Taxes	22Cr	103.2Cr	51Cr	46Cr	78Cr
Normalized Net Income	142.34Cr	205.52Cr	168.62Cr	253.34Cr	225.14Cr
Interest Capitalized	13Cr	15Cr	25Cr	25Cr	29Cr
Interest on Long-Term Debt	2.1Cr	17Cr	27Cr	32Cr	33Cr
Non-Cash Pension Expense	1.7Cr	2.2Cr	-10Cr	-9.8Cr	-6.6Cr
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.7Cr	1.1Cr	2.3Cr	3.2Cr	4.3Cr
Net Rental Expense, Total	1.3Cr	1.4Cr	1.9Cr	2Cr	2.4Cr
Imputed Operating Lease Interest Expense	32.28L	35.29L	61.8L	64.9L	78.25L
Imputed Operating Lease Depreciation	97.72L	1.05Cr	1.28Cr	1.35Cr	1.62Cr
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	40L	3.8Cr	4.8Cr	3.7Cr	3.7Cr
Total Stock-Based Compensation	40L	3.8Cr	4.8Cr	3.7Cr	3.7Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	16Cr	20Cr	16Cr	56Cr	117.8Cr
Short Term Investments - (Utility / Insurance Templates)	57Cr	85Cr	84Cr	62Cr	60Cr
Trading Asset Securities, Total	176.8Cr	229.2Cr	176.4Cr	308.4Cr	515.6Cr
Accounts Receivable, Total	151.6Cr	195.3Cr	207.2Cr	201.8Cr	247.2Cr
Other Receivables	108.3Cr	143.9Cr	141.2Cr	102.3Cr	129.1Cr
Accounts Receivable (Summary Subtotal)	259.9Cr	339.2Cr	348.4Cr	304.1Cr	376.3Cr
Inventory - (Utility Template)	35Cr	39Cr	74Cr	73Cr	56Cr
Prepaid Expenses	39Cr	43Cr	44Cr	38Cr	34Cr
Other Current Assets, Total	410.6Cr	1.04TCr	173.2Cr	196.5Cr	274.1Cr
Total Current Assets	993.8Cr	1.8TCr	916.6Cr	1.04TCr	1.43TCr
Gross Property Plant And Equipment	6.61TCr	7.33TCr	8.18TCr	8.71TCr	9.25TCr
Accumulated Depreciation	-1.9TCr	-1.58TCr	-1.74TCr	-1.82TCr	-1.84TCr
Net Property Plant And Equipment	4.7TCr	5.75TCr	6.44TCr	6.89TCr	7.41TCr
Goodwill	458.8Cr	953.2Cr	984.7Cr	972.9Cr	953.2Cr
Other Intangibles, Total	144.3Cr	327.2Cr	360.4Cr	343.1Cr	356.4Cr
Long-Term Investments - (Utility Template)	162.2Cr	206.8Cr	215.9Cr	230Cr	140.6Cr
Other Long-Term Assets, Total	258.2Cr	449.3Cr	348.8Cr	357.9Cr	381.7Cr
Total Assets	6.72TCr	9.49TCr	9.27TCr	9.83TCr	11TCr
Liabilities
Accounts Payable, Total	216.5Cr	311.3Cr	324.9Cr	278.6Cr	296.5Cr
Accrued Expenses, Total	14Cr	28Cr	24Cr	-	13Cr
Short-Term Borrowings	63Cr	130.3Cr	84Cr	144.4Cr	222.6Cr
Current Portion of Long-Term Debt	308Cr	1.08TCr	211.2Cr	355Cr	267.1Cr
Current Portion of Leases	9.9Cr	11Cr	9.6Cr	11Cr	12Cr
Current Income Taxes Payable	7.5Cr	3.2Cr	24Cr	22Cr	22Cr
Unearned Revenue, Current	6.6Cr	13Cr	25Cr	13Cr	9.6Cr
Other Current Liabilities - (Bank / Utility Template)	311.5Cr	896Cr	210.5Cr	314.8Cr	219.3Cr
Total Current Liabilities	936.8Cr	2.48TCr	913Cr	1.14TCr	1.06TCr
Long-Term Debt	2.76TCr	3.37TCr	4.04TCr	4.24TCr	4.3TCr
Long-Term Leases	59Cr	45Cr	62Cr	66Cr	71Cr
Unearned Revenue Non Current	117.2Cr	138.3Cr	183.8Cr	213Cr	242.4Cr
Pension & Other Post Retirement Benefits	103.2Cr	81Cr	69Cr	59Cr	57Cr
Deferred Tax Liability Non-Current	481.5Cr	676.5Cr	718.1Cr	751.9Cr	803.8Cr
Other Non Current Liabilities, Total	278.9Cr	307.7Cr	323.6Cr	371.2Cr	360Cr
Total Liabilities	4.74TCr	7.1TCr	6.31TCr	6.84TCr	6.89TCr
Common Stock, Total	47Cr	48Cr	49Cr	49Cr	64Cr
Additional Paid In Capital	129.6Cr	130Cr	130.2Cr	129.8Cr	129.2Cr
Retained Earnings	2.32TCr	2.66TCr	3.16TCr	3.21TCr	4.01TCr
Comprehensive Income and Other	-509.4Cr	-456.3Cr	-386Cr	-399Cr	-423.3Cr
Total Common Equity	1.98TCr	2.38TCr	2.95TCr	2.99TCr	3.78TCr
Minority Interest	2.1Cr	2.3Cr	2.4Cr	2.5Cr	2.3Cr
Total Equity	1.99TCr	2.39TCr	2.96TCr	2.99TCr	3.78TCr
Total Liabilities And Equity	6.72TCr	9.49TCr	9.27TCr	9.83TCr	11TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	354.9Cr	364.51Cr	367.82Cr	371.97Cr	490.14Cr
ECS Total Common Shares Outstanding	354.9Cr	364.51Cr	367.74Cr	371.97Cr	489.71Cr
Book Value / Share	5.59	6.54	8.03	8.03	7.72
Tangible Book Value	1.38TCr	1.1TCr	1.61TCr	1.67TCr	2.47TCr
Tangible Book Value Per Share	3.89	3.03	4.37	4.49	5.05
Total Debt	3.2TCr	4.65TCr	4.41TCr	4.82TCr	4.87TCr
Net Debt	2.95TCr	4.31TCr	4.13TCr	4.39TCr	4.17TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	-101.3Cr	-307.4Cr	-193.8Cr	-166.9Cr	-160.4Cr
Debt Equivalent Oper. Leases	10Cr	11Cr	15Cr	16Cr	19Cr
Minority Interest, Total (Incl. Fin. Div)	2.1Cr	2.3Cr	2.4Cr	2.5Cr	2.3Cr
Equity Method Investments, Total	87Cr	123.8Cr	130Cr	142Cr	61Cr
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	35Cr	39Cr	74Cr	73Cr	45Cr
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Others	-	-	-	-	11Cr
Land - (BS)	375.2Cr	365.9Cr	406.6Cr	421Cr	424.4Cr
Machinery, Total	5.71TCr	6.41TCr	7.1TCr	7.59TCr	7.91TCr
Full Time Employees	23.68T	29.29T	29.45T	31.42T	31.65T
Accumulated Allowance for Doubtful Accounts (Supple)	67Cr	74Cr	56Cr	56Cr	58Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	164Cr	235.3Cr	779.7Cr	229Cr	290.2Cr
Depreciation, Depletion & Amortization	147.6Cr	152.3Cr	167.8Cr	180.4Cr	192.4Cr
Total Depreciation, Depletion & Amortization	147.6Cr	152.3Cr	167.8Cr	180.4Cr	192.4Cr
Amortization of Deferred Charges, Total	20Cr	30Cr	29Cr	30Cr	32Cr
(Gain) Loss On Sale of Asset - (CF)	-	-23Cr	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-19Cr
Total Asset Writedown	-2.2Cr	-5.5Cr	3.6Cr	-6Cr	30Cr
Stock-Based Compensation (CF)	2.7Cr	3.8Cr	4.8Cr	3.7Cr	3.7Cr
Change in Other Net Operating Assets (Collected)	4.6Cr	-16Cr	26Cr	72Cr	-34Cr
Other Operating Activities	109.8Cr	172Cr	-377Cr	184.3Cr	184.9Cr
Net Cash From Discontinued Operations	-	78Cr	56Cr	-	-
Cash from Operations	446.1Cr	627.2Cr	689.8Cr	693.9Cr	680.8Cr
Capital Expenditure	-436.2Cr	-509.8Cr	-632.5Cr	-690.4Cr	-878Cr
Sale of Property, Plant, and Equipment	80L	2.6Cr	8.7Cr	5.2Cr	2.6Cr
Cash Acquisitions	-2.6Cr	-785.3Cr	-1.9Cr	-1.9Cr	-
Divestitures	-	-	749.2Cr	68Cr	126.3Cr
Purchase / Sale of Intangible Assets	-43Cr	-45Cr	-57Cr	-55Cr	-53Cr
Investment in Marketable and Equity Securities, Total	-55Cr	-62Cr	16Cr	-145.2Cr	-303.9Cr
Other Investing Activities, Total	24Cr	-2.4Cr	-59Cr	69Cr	48Cr
Cash from Investing	-511.6Cr	-1.4TCr	24Cr	-749.9Cr	-1.06TCr
Short Term Debt Issued, Total	-	-	-	54Cr	92Cr
Long-Term Debt Issued, Total	564.5Cr	1.23TCr	1.19TCr	556.3Cr	323.7Cr
Total Debt Issued	564.5Cr	1.23TCr	1.19TCr	610.7Cr	416.2Cr
Short Term Debt Repaid, Total	-76Cr	-1.1Cr	-51Cr	-	-
Long-Term Debt Repaid, Total	-177.5Cr	-137.8Cr	-1.54TCr	-181.9Cr	-299.1Cr
Total Debt Repaid	-253.4Cr	-138.9Cr	-1.59TCr	-181.9Cr	-299.1Cr
Issuance of Common Stock	1.6Cr	3.3Cr	1.7Cr	2Cr	701.9Cr
Repurchase of Common Stock	-20L	-30L	-	-40L	-70L
Common Dividends Paid	-141.3Cr	-92Cr	-160.7Cr	-171.8Cr	-152.9Cr
Common & Preferred Stock Dividends Paid	-141.3Cr	-92Cr	-160.7Cr	-171.8Cr	-152.9Cr
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-96Cr	-229.7Cr	-156.5Cr	-159.9Cr	-212.6Cr
Cash from Financing	75Cr	776.9Cr	-717.3Cr	99Cr	452.8Cr
Foreign Exchange Rate Adjustments	-70L	50L	70L	-10L	-2.3Cr
Miscellaneous Cash Flow Adjustments	-40L	-1.1Cr	90L	-3Cr	-12Cr
Net Change in Cash	8.4Cr	2.5Cr	-1.9Cr	40Cr	62Cr
Supplemental Items
Cash Interest Paid	84Cr	105.3Cr	143Cr	162.7Cr	192Cr
Cash Income Tax Paid (Refund)	16Cr	30Cr	8.9Cr	34Cr	18Cr
Net Debt Issued / Repaid	311.1Cr	1.1TCr	-401.8Cr	428.8Cr	117.1Cr
Levered Free Cash Flow	-411.36Cr	-195.84Cr	-155.75Cr	-240.99Cr	-691.02Cr
Unlevered Free Cash Flow	-357.55Cr	-128.09Cr	-56Cr	-139.68Cr	-586.02Cr
Change In Net Working Capital	238.6Cr	22Cr	-178.5Cr	-42Cr	195.7Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.85	3.24	2.7	3.66	3.04
Return on Total Capital	3.71	4.3	3.51	4.6	3.79
Return On Equity %	8.28	9.99	10.16	7.46	8.36
Return on Common Equity	8.28	9.99	10.17	7.46	8.35
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	0.26	-	-0.39	-0.5	-0.53
EBITDA Margin %	30.04	30.38	25.82	36.65	36.97
EBITA Margin %	20.81	22.79	18.67	28.14	27.15
EBIT Margin %	20.81	22.79	18.67	28.14	27.15
Income From Continuing Operations Margin %	11.1	11.83	12.53	11.17	15.39
Net Income Margin %	11.1	12.75	36	11.54	15.79
Net Avail. For Common Margin %	11.1	11.83	12.53	11.16	15.38
Normalized Net Income Margin	9.63	11.14	7.79	12.76	12.25
Levered Free Cash Flow Margin	-27.83	-10.62	-7.19	-12.14	-37.6
Unlevered Free Cash Flow Margin	-24.19	-6.94	-2.6	-7.04	-31.89
Asset Turnover
Asset Turnover	0.22	0.23	0.23	0.21	0.18
Fixed Assets Turnover	0.31	0.35	0.36	0.3	0.26
Receivables Turnover (Average Receivables)	9.57	10.71	10.76	9.71	8.19
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	1.06	0.73	1	0.91	1.35
Quick Ratio	0.54	0.27	0.68	0.64	1.01
Operating Cash Flow to Current Liabilities	0.48	0.25	0.76	0.61	0.64
Days Sales Outstanding (Average Receivables)	38.12	34.09	33.91	37.71	44.59
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	-	-	-	-
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	161.06	194.74	149.19	161.24	128.69
Total Debt / Total Capital	61.69	66.07	59.87	61.72	56.27
LT Debt/Equity	141.89	143.36	138.88	144.15	115.42
Long-Term Debt / Total Capital	54.35	48.64	55.73	55.18	50.47
Total Liabilities / Total Assets	70.45	74.85	68.11	69.6	64.56
EBIT / Interest Expense	3.57	3.88	2.54	3.45	2.97
EBITDA / Interest Expense	5.29	5.28	3.59	4.56	4.12
(EBITDA - Capex) / Interest Expense	0.22	0.58	-0.38	0.3	-1.11
Total Debt / EBITDA	7.03	8.11	7.71	6.52	7.04
Net Debt / EBITDA	6.48	7.53	7.22	5.95	6.04
Total Debt / (EBITDA - Capex)	168.35	73.74	-73.14	99.17	-26.09
Net Debt / (EBITDA - Capex)	155.2	68.42	-68.55	90.41	-22.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.64	35.01	17.4	-8.35	-7.42
Gross Profit, 1 Yr. Growth %	1.64	35.01	17.4	-8.35	-7.42
EBITDA, 1 Yr. Growth %	-1.53	56.3	-0.41	24.57	-6.61
EBITA, 1 Yr. Growth %	-2.69	74.48	-4.06	32.84	-10.67
EBIT, 1 Yr. Growth %	-2.69	74.48	-4.06	32.84	-10.67
Earnings From Cont. Operations, 1 Yr. Growth %	28.81	67.41	24.32	-18.31	27.6
Net Income, 1 Yr. Growth %	29.75	43.48	231.36	-70.63	26.72
Diluted EPS Before Extra, 1 Yr. Growth %	26.5	63.86	22.39	-19.11	0.09
Normalized Net Income, 1 Yr. Growth %	4.83	93.5	-18.2	41.78	-11.13
Net Property, Plant and Equip., 1 Yr. Growth %	-5.46	22.3	12	6.94	7.52
Inventory, 1 Yr. Growth %	-16.59	13.26	88.3	-1.35	-32.73
Accounts Receivable, 1 Yr. Growth %	-3.5	30.81	6.09	-2.61	22.5
Total Assets, 1 Yr. Growth %	-0.51	41.13	-2.28	6.07	8.56
Tangible Book Value, 1 Yr. Growth %	8.18	-20.13	45.86	3.85	47.88
Cash From Operations, 1 Yr. Growth %	-3.4	40.6	9.98	0.59	-1.89
Capital Expenditures, 1 Yr. Growth %	-4.82	21.12	24.07	9.15	27.17
Levered Free Cash Flow, 1 Yr. Growth %	1.06T	-56.11	-20.22	83	186.75
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.37T	-67.82	-55.87	333.94	319.56
Dividend Per Share, 1 Yr. Growth %	1.21	3.68	8.77	5.56	-20.16
Common Equity, 1 Yr. Growth %	0.34	20.13	23.94	1.11	26.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.52	17.51	25.9	3.73	-7.89
Gross Profit, 2 Yr. CAGR %	-0.52	17.51	25.9	3.73	-7.89
EBITDA, 2 Yr. CAGR %	-6.78	19.41	24.88	9.79	7.86
EBITA, 2 Yr. CAGR %	-7.02	26.09	29.54	15.26	8.93
EBIT, 2 Yr. CAGR %	-7.02	26.09	29.54	15.26	8.93
Earnings From Cont. Operations, 2 Yr. CAGR %	4.52	45.58	44.27	0.78	2.1
Net Income, 2 Yr. CAGR %	4.18	36.44	118.04	-1.35	-38.99
Diluted EPS Before Extra, 2 Yr. CAGR %	2.46	42.73	41.61	-0.5	-9.98
Normalized Net Income, 2 Yr. CAGR %	-5.15	34.62	26	11.02	12.25
Net Property, Plant and Equip., 2 Yr. CAGR %	2.41	7.52	17.03	9.44	7.23
Inventory, 2 Yr. CAGR %	-3.16	-2.8	46.03	36.29	-13.24
Accounts Receivable, 2 Yr. CAGR %	-30.66	11.5	17.81	1.65	9.23
Total Assets, 2 Yr. CAGR %	2.96	18.49	17.43	1.81	7.31
Common Equity, 2 Yr. CAGR %	0.74	9.79	22.02	11.95	13.13
Tangible Book Value, 2 Yr. CAGR %	2.7	-7.04	7.94	23.08	23.93
Cash From Operations, 2 Yr. CAGR %	1.64	16.54	24.35	5.18	-0.65
Capital Expenditures, 2 Yr. CAGR %	9.54	9	22.59	16.37	17.82
Levered Free Cash Flow, 2 Yr. CAGR %	46.43	103.24	-40.92	11.21	129.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	65.07	294.93	-62.4	4.84	326.69
Dividend Per Share, 2 Yr. CAGR %	1.9	2.44	6.2	7.15	-8.2
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.04	7.3	17.47	13.25	-0.13
Gross Profit, 3 Yr. CAGR %	-1.04	7.3	17.47	13.25	-0.13
EBITDA, 3 Yr. CAGR %	-4.41	3.14	12.47	26.59	4.03
EBITA, 3 Yr. CAGR %	-4.68	5.73	15.2	32.34	5.87
EBIT, 3 Yr. CAGR %	-4.68	5.73	15.2	32.34	5.87
Earnings From Cont. Operations, 3 Yr. CAGR %	-22.67	13.27	38.12	19.35	9.03
Net Income, 3 Yr. CAGR %	-22.7	15.91	83.4	11.77	7.24
Diluted EPS Before Extra, 3 Yr. CAGR %	-23.17	10.99	35.6	17.5	-0.28
Normalized Net Income, 3 Yr. CAGR %	-5.63	9.12	14.14	33.61	3.08
Net Property, Plant and Equip., 3 Yr. CAGR %	5.68	8.65	8.99	13.57	8.8
Inventory, 3 Yr. CAGR %	8.99	2.03	21.17	28.13	12.33
Accounts Receivable, 3 Yr. CAGR %	-3.25	-14.76	9.67	10.57	8.17
Total Assets, 3 Yr. CAGR %	4.57	14.37	11.12	13.52	4.01
Common Equity, 3 Yr. CAGR %	1.75	6.83	14.32	14.61	16.62
Tangible Book Value, 3 Yr. CAGR %	3.4	-5.56	8.02	6.56	30.85
Cash From Operations, 3 Yr. CAGR %	-0.31	13.25	14.31	15.87	2.77
Capital Expenditures, 3 Yr. CAGR %	5.28	11.93	13.81	17.93	19.87
Levered Free Cash Flow, 3 Yr. CAGR %	73.84	0.69	48.65	-18.56	52.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	182.85	-0.8	89.91	-29.46	66.45
Dividend Per Share, 3 Yr. CAGR %	2.29	2.49	4.51	5.98	-2.86
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.27	4.18	7.27	5.86	6.59
Gross Profit, 5 Yr. CAGR %	8.22	9.53	7.27	5.86	6.59
EBITDA, 5 Yr. CAGR %	0.49	1.95	1.93	7.33	11.56
EBITA, 5 Yr. CAGR %	-0.31	2.37	2.63	9.44	13.54
EBIT, 5 Yr. CAGR %	-0.31	2.37	2.63	9.44	13.54
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.91	3.82	-5.22	8.1	22.39
Net Income, 5 Yr. CAGR %	-8.74	-21.3	17.04	8.67	18.08
Diluted EPS Before Extra, 5 Yr. CAGR %	-3.3	2.91	-6.29	6.24	15.1
Normalized Net Income, 5 Yr. CAGR %	-0.49	3.27	-0.08	9.87	14.7
Net Property, Plant and Equip., 5 Yr. CAGR %	1.64	7.63	10.09	8.96	8.29
Inventory, 5 Yr. CAGR %	0.65	5.55	22.52	14.56	6.01
Accounts Receivable, 5 Yr. CAGR %	3.51	4.16	4.36	-8.54	9.49
Total Assets, 5 Yr. CAGR %	2.66	7.58	9.54	9.17	9.58
Common Equity, 5 Yr. CAGR %	7.92	3.19	9.42	8.85	13.84
Tangible Book Value, 5 Yr. CAGR %	13.43	-3.75	5.19	5	14.12
Cash From Operations, 5 Yr. CAGR %	-3.63	3.7	8.9	9.95	8.07
Capital Expenditures, 5 Yr. CAGR %	8.85	9.11	11.09	13.69	15.4
Levered Free Cash Flow, 5 Yr. CAGR %	207.86	27.9	14.74	4.67	70.89
Unlevered Free Cash Flow, 5 Yr. CAGR %	51.74	148.56	28.91	1.26	134.79
Dividend Per Share, 5 Yr. CAGR %	0.78	1.09	3.84	4.33	-0.77