Income Statement Nomura Research Institute, Ltd.

Stocks

4307

JP3762800005

IT Services & Consulting

Market Closed - Japan Exchange Other stock markets 12:00:00 10/07/2026 pm IST			5-day change	1st Jan Change
4,979.00 ^JPY	-0.78%		+1.41%	-17.31%

02/07	Japan's Nikkei falls as AI-related shares track US peers lower	RE
25/06	Japan's $2.3 Trillion Investment Plan Draws Mixed Reaction	DJ

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Published financial data: NOMURA RESEARCH INSTITUTE, LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	61TCr	69TCr	74TCr	76TCr	81TCr
Total Revenues	61TCr	69TCr	74TCr	76TCr	81TCr
Cost of Goods Sold, Total	40TCr	45TCr	48TCr	49TCr	51TCr
Gross Profit	22TCr	24TCr	26TCr	28TCr	30TCr
Selling General & Admin Expenses, Total	11TCr	13TCr	14TCr	14TCr	15TCr
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-12Cr	-133.1Cr	-28Cr	-260.4Cr	-87Cr
Other Operating Expenses, Total	11TCr	13TCr	14TCr	14TCr	14TCr
Operating Income	10TCr	11TCr	12TCr	13TCr	16TCr
Interest Expense, Total	-138.2Cr	-480.7Cr	-609.5Cr	-568.4Cr	-421.4Cr
Interest And Investment Income	170.5Cr	206.6Cr	340.5Cr	425.5Cr	509.8Cr
Net Interest Expenses	32Cr	-274.1Cr	-269Cr	-142.9Cr	88Cr
Income (Loss) On Equity Invest.	20Cr	45Cr	78Cr	90Cr	110.3Cr
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-187.2Cr	-59Cr	-50Cr	68Cr	-31Cr
EBT, Excl. Unusual Items	10TCr	11TCr	12TCr	13TCr	16TCr
Gain (Loss) On Sale Of Investments	-	-44Cr	143Cr	1.5Cr	-62Cr
Gain (Loss) On Sale Of Assets	335.6Cr	223.9Cr	1.5Cr	-	10L
Asset Writedown	-	-	-75Cr	16Cr	-9.76TCr
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	10TCr	11TCr	12TCr	13TCr	5.88TCr
Income Tax Expense	3.29TCr	3.2TCr	3.71TCr	3.98TCr	4.31TCr
Earnings From Continuing Operations	7.18TCr	7.65TCr	8.02TCr	9.44TCr	1.58TCr
Net Income to Company	7.18TCr	7.65TCr	8.02TCr	9.44TCr	1.58TCr
Minority Interest	-35Cr	-19Cr	-52Cr	-62Cr	-53Cr
Net Income - (IS)	7.14TCr	7.63TCr	7.96TCr	9.38TCr	1.53TCr
Net Income to Common Incl Extra Items	7.14TCr	7.63TCr	7.96TCr	9.38TCr	1.53TCr
Net Income to Common Excl. Extra Items	7.14TCr	7.63TCr	7.96TCr	9.38TCr	1.53TCr
Per Share Items
Net EPS - Basic	120.57	128.92	136.9	163.56	26.62
Basic EPS - Continuing Operations	120.57	128.92	136.9	163.56	26.62
Basic Weighted Average Shares Outstanding	59Cr	59Cr	58Cr	57Cr	57Cr
Net EPS - Diluted	120.34	128.88	136.84	163.56	26.62
Diluted EPS - Continuing Operations	120.34	128.88	136.84	163.56	26.62
Diluted Weighted Average Shares Outstanding	59Cr	59Cr	58Cr	57Cr	57Cr
Normalized Basic EPS	106.27	112.34	124.3	145	170.34
Normalized Diluted EPS	106.07	112.31	124.24	144.99	170.34
Dividend Per Share	40	45	53	63	77
Payout Ratio	31.7	33.25	34.63	35.53	259
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	14TCr	15TCr	17TCr	18TCr	21TCr
EBITA	10TCr	11TCr	12TCr	13TCr	16TCr
EBIT	10TCr	11TCr	12TCr	13TCr	16TCr
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	31.41	29.5	31.62	29.65	73.18
Normalized Net Income	6.3TCr	6.65TCr	7.23TCr	8.31TCr	9.76TCr
Non-Cash Pension Expense	608.9Cr	694.9Cr	756.3Cr	770.2Cr	731.1Cr
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	499.2Cr	490.8Cr	530.1Cr	611.4Cr	541.2Cr
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	12TCr	13TCr	17TCr	17TCr	13TCr
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	12TCr	13TCr	17TCr	17TCr	13TCr
Accounts Receivable, Total	14TCr	13TCr	14TCr	16TCr	21TCr
Total Receivables	14TCr	13TCr	14TCr	16TCr	21TCr
Inventory	-	-	-	-	-
Prepaid Expenses	-	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	8.24TCr	8.83TCr	8.94TCr	9.25TCr	15TCr
Total Current Assets	33TCr	35TCr	41TCr	42TCr	50TCr
Net Property Plant And Equipment	7.65TCr	7.4TCr	6.91TCr	6.07TCr	7.48TCr
Long-term Investments	16TCr	17TCr	18TCr	17TCr	17TCr
Goodwill	9.55TCr	10TCr	11TCr	11TCr	4.1TCr
Other Intangibles, Total	12TCr	14TCr	15TCr	16TCr	16TCr
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	542.6Cr	567.1Cr	610.2Cr	554.1Cr	841.1Cr
Other Long-Term Assets, Total	40L	40L	30L	20L	50L
Total Assets	79TCr	84TCr	92TCr	93TCr	96TCr
Liabilities
Accounts Payable, Total	5.38TCr	5.57TCr	5.3TCr	5.81TCr	10TCr
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	8.28TCr	556.6Cr	287.1Cr	445.3Cr	172.6Cr
Current Portion of Long-Term Debt	3.41TCr	1.47TCr	1.03TCr	3.28TCr	1.04TCr
Current Portion of Leases	1.22TCr	936.4Cr	1.1TCr	1.1TCr	1.09TCr
Current Income Taxes Payable	2.06TCr	1.31TCr	2.39TCr	2.34TCr	2.64TCr
Other Current Liabilities	9.47TCr	9.99TCr	11TCr	11TCr	12TCr
Total Current Liabilities	30TCr	20TCr	21TCr	24TCr	27TCr
Long-Term Debt	9.13TCr	18TCr	25TCr	21TCr	19TCr
Long-Term Leases	3TCr	2.54TCr	2.04TCr	1.41TCr	2.09TCr
Pension & Other Post Retirement Benefits	756.1Cr	708.6Cr	614.6Cr	519.4Cr	411.4Cr
Deferred Tax Liability Non Current	1.02TCr	1.4TCr	1.58TCr	1.54TCr	1.62TCr
Other Non Current Liabilities	981.8Cr	829.1Cr	891.4Cr	777Cr	1.53TCr
Total Liabilities	45TCr	44TCr	52TCr	49TCr	52TCr
Common Stock, Total	2.24TCr	2.36TCr	2.47TCr	2.57TCr	2.57TCr
Additional Paid In Capital	2.83TCr	2.94TCr	3.14TCr	3.43TCr	3.32TCr
Retained Earnings	33TCr	32TCr	32TCr	38TCr	35TCr
Treasury Stock	-6.88TCr	-627.7Cr	-1.75TCr	-4.01TCr	-3.1TCr
Comprehensive Income and Other	2.86TCr	3.05TCr	4.06TCr	3.55TCr	5.2TCr
Total Common Equity	34TCr	40TCr	40TCr	43TCr	43TCr
Minority Interest	312.6Cr	339.9Cr	348.9Cr	391.8Cr	409.7Cr
Total Equity	34TCr	40TCr	40TCr	44TCr	44TCr
Total Liabilities And Equity	79TCr	84TCr	92TCr	93TCr	96TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	59Cr	59Cr	57Cr	57Cr	56Cr
ECS Total Common Shares Outstanding	59Cr	59Cr	58Cr	57Cr	57Cr
Book Value / Share	575.59	674.35	693.33	758.67	755.4
Tangible Book Value	13TCr	16TCr	13TCr	17TCr	23TCr
Tangible Book Value Per Share	218.15	273.32	232.88	289.82	403.75
Total Debt	25TCr	24TCr	30TCr	27TCr	24TCr
Net Debt	13TCr	11TCr	12TCr	10TCr	10TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	-7.78TCr	-8.26TCr	-7.64TCr	-7.42TCr	-7.78TCr
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	312.6Cr	339.9Cr	348.9Cr	391.8Cr	409.7Cr
Equity Method Investments, Total	642.7Cr	952.7Cr	979.6Cr	1.07TCr	1.14TCr
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Full Time Employees	16.51T	17.39T	16.71T	16.68T	16.89T
Accumulated Allowance for Doubtful Accounts (Supple)	36Cr	33Cr	39Cr	28Cr	39Cr
Order Backlog	35TCr	38TCr	40TCr	43TCr	47TCr

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	10TCr	11TCr	12TCr	13TCr	5.89TCr
Depreciation & Amortization - CF	4.19TCr	4.51TCr	4.82TCr	4.89TCr	5.13TCr
Depreciation & Amortization, Total	4.19TCr	4.51TCr	4.82TCr	4.89TCr	5.13TCr
(Gain) Loss From Sale Of Asset	-224.2Cr	-193.9Cr	208.1Cr	443Cr	9.83TCr
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-20Cr	-45Cr	-78Cr	-90Cr	-110.3Cr
Other Operating Activities, Total	-2TCr	-4TCr	-2.85TCr	-4.15TCr	-4.5TCr
Change In Accounts Receivable	-920Cr	435.9Cr	-813.6Cr	-1.81TCr	-3.57TCr
Change In Inventories	21Cr	-28Cr	11Cr	36Cr	-66Cr
Change In Accounts Payable	337.7Cr	469.3Cr	165.6Cr	525.9Cr	2.27TCr
Change in Other Net Operating Assets	-2.04TCr	-109.4Cr	1.05TCr	-244.7Cr	-100.3Cr
Cash from Operations	9.81TCr	12TCr	14TCr	13TCr	15TCr
Capital Expenditure	-682.4Cr	-1.21TCr	-748.4Cr	-666Cr	-584.4Cr
Sale of Property, Plant, and Equipment	1.04TCr	690.7Cr	4.4Cr	-	6.1Cr
Cash Acquisitions	-7.57TCr	-1.18TCr	-407.1Cr	-62Cr	-494.8Cr
Divestitures	-	-	-	-	22Cr
Sale (Purchase) of Intangible assets	-3.62TCr	-4.26TCr	-4.23TCr	-4.29TCr	-4.05TCr
Investment in Marketable and Equity Securities, Total	-556.2Cr	-104.1Cr	7.4Cr	299.3Cr	-4.57TCr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.64TCr	-	-	-	-
Other Investing Activities, Total	-32Cr	-58Cr	33Cr	-37Cr	-38Cr
Cash from Investing	-13TCr	-6.12TCr	-5.34TCr	-4.76TCr	-9.7TCr
Short Term Debt Issued, Total	6.84TCr	-	-	163.4Cr	-
Long-Term Debt Issued, Total	2.94TCr	12TCr	7.78TCr	291.8Cr	-
Total Debt Issued	9.78TCr	12TCr	7.78TCr	455.2Cr	-
Short Term Debt Repaid, Total	-	-8.5TCr	-308.5Cr	-	-285Cr
Long-Term Debt Repaid, Total	-1.63TCr	-4.92TCr	-1.89TCr	-2.47TCr	-4.29TCr
Total Debt Repaid	-1.63TCr	-13TCr	-2.2TCr	-2.47TCr	-4.57TCr
Issuance of Common Stock	675Cr	2.27TCr	503.4Cr	828.5Cr	619.6Cr
Repurchase of Common Stock	-6.01TCr	-2.02TCr	-6.84TCr	-3.03TCr	-
Common Dividends Paid	-2.26TCr	-2.54TCr	-2.76TCr	-3.33TCr	-3.95TCr
Common & Preferred Stock Dividends Paid	-2.26TCr	-2.54TCr	-2.76TCr	-3.33TCr	-3.95TCr
Other Financing Activities, Total	-1.35TCr	-1.24TCr	-1.24TCr	-1.19TCr	-1.17TCr
Cash from Financing	-799.5Cr	-4.49TCr	-4.76TCr	-8.73TCr	-9.08TCr
Foreign Exchange Rate Adjustments	282.9Cr	86Cr	339.9Cr	-63Cr	421Cr
Miscellaneous Cash Flow Adjustments	-	-10L	-10L	-	-
Net Change in Cash	-3.76TCr	1.36TCr	4.47TCr	-533.7Cr	-3.6TCr
Supplemental Items
Cash Interest Paid	99Cr	399.1Cr	589.1Cr	586Cr	447.8Cr
Cash Income Tax Paid (Refund)	2.19TCr	4.09TCr	2.85TCr	3.96TCr	4.36TCr
Levered Free Cash Flow	4.54TCr	5.36TCr	7.92TCr	6.06TCr	4.07TCr
Unlevered Free Cash Flow	4.63TCr	5.66TCr	8.31TCr	6.41TCr	4.33TCr
Change In Net Working Capital	1.69TCr	231.5Cr	-1.04TCr	1.88TCr	5.88TCr
Net Debt Issued / Repaid	8.15TCr	-966.9Cr	5.58TCr	-2.01TCr	-4.57TCr

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	8.87	8.41	8.44	9.04	10.29
Return on Total Capital	11.75	11.11	11.08	11.86	14.04
Return On Equity %	21.25	20.54	19.91	22.45	3.6
Return on Common Equity	21.33	20.67	19.95	22.5	3.52
Margin Analysis
Gross Profit Margin %	35.33	34.65	35.44	36	36.84
SG&A Margin	18.56	19.01	19.33	18.84	17.88
EBITDA Margin %	23.64	22.35	22.69	23.89	25.36
EBITA Margin %	16.78	15.83	16.15	17.5	19.07
EBIT Margin %	16.78	15.83	16.15	17.5	19.07
Income From Continuing Operations Margin %	11.74	11.05	10.88	12.34	1.94
Net Income Margin %	11.68	11.02	10.81	12.26	1.87
Net Avail. For Common Margin %	11.68	11.02	10.81	12.26	1.87
Normalized Net Income Margin	10.3	9.61	9.82	10.87	11.98
Levered Free Cash Flow Margin	7.42	7.74	10.76	7.92	4.99
Unlevered Free Cash Flow Margin	7.56	8.17	11.28	8.39	5.31
Asset Turnover
Asset Turnover	0.85	0.85	0.84	0.83	0.86
Fixed Assets Turnover	7.34	9.2	10.3	11.79	12.03
Receivables Turnover (Average Receivables)	5.05	5.18	5.39	5.1	4.37
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	1.12	1.76	1.89	1.75	1.84
Quick Ratio	0.84	1.32	1.47	1.36	1.27
Operating Cash Flow to Current Liabilities	0.33	0.6	0.66	0.54	0.54
Days Sales Outstanding (Average Receivables)	72.21	70.47	67.94	71.63	83.48
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	42.06	44.17	41.84	41.45	57.19
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	73.12	59.08	74.08	61.88	53.91
Total Debt / Total Capital	42.24	37.14	42.55	38.23	35.03
LT Debt/Equity	35.4	51.73	68.06	50.85	48.66
Long-Term Debt / Total Capital	20.45	32.52	39.1	31.41	31.61
Total Liabilities / Total Assets	56.63	51.99	56.32	52.83	54.36
EBIT / Interest Expense	74.28	22.8	19.51	23.54	36.87
EBITDA / Interest Expense	104.63	32.18	27.41	32.15	49.04
(EBITDA - Capex) / Interest Expense	99.69	29.67	26.19	30.98	47.65
Total Debt / EBITDA	1.73	1.54	1.79	1.48	1.14
Net Debt / EBITDA	0.93	0.7	0.75	0.56	0.5
Total Debt / (EBITDA - Capex)	1.82	1.67	1.87	1.54	1.18
Net Debt / (EBITDA - Capex)	0.98	0.76	0.78	0.58	0.52
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.14	13.17	6.41	3.84	6.52
Gross Profit, 1 Yr. Growth %	16.29	10.99	8.83	5.47	9.03
EBITDA, 1 Yr. Growth %	16.79	6.97	8.03	9.36	13.09
EBITA, 1 Yr. Growth %	23.83	6.74	8.54	12.52	16.1
EBIT, 1 Yr. Growth %	23.83	6.74	8.54	12.52	16.1
Earnings From Cont. Operations, 1 Yr. Growth %	36.54	6.55	4.79	17.74	-83.28
Net Income, 1 Yr. Growth %	35.14	6.81	4.37	17.73	-83.73
Normalized Net Income, 1 Yr. Growth %	36.61	5.59	8.75	14.94	17.46
Diluted EPS Before Extra, 1 Yr. Growth %	36.56	7.1	6.18	19.53	-83.73
Accounts Receivable, 1 Yr. Growth %	27.61	-3.01	7.81	11.58	35.44
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-15.33	-3.22	-6.62	-12.21	23.29
Total Assets, 1 Yr. Growth %	20.28	6.15	10.09	0.62	3.37
Tangible Book Value, 1 Yr. Growth %	-46.73	25.74	-17.02	23.55	39.87
Common Equity, 1 Yr. Growth %	2.68	17.58	0.13	8.64	-0.03
Cash From Operations, 1 Yr. Growth %	16.01	21.16	19.66	-8.49	13.4
Capital Expenditures, 1 Yr. Growth %	-10.61	76.74	-37.95	-11.01	-12.25
Levered Free Cash Flow, 1 Yr. Growth %	-22.1	17.96	47.96	-23.55	-32.88
Unlevered Free Cash Flow, 1 Yr. Growth %	-21.47	22.25	46.83	-22.78	-32.49
Dividend Per Share, 1 Yr. Growth %	11.11	12.5	17.78	18.87	22.22
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.54	12.15	9.74	5.12	5.17
Gross Profit, 2 Yr. CAGR %	9.3	13.61	9.91	7.14	7.24
EBITDA, 2 Yr. CAGR %	12.83	11.77	7.5	8.7	11.21
EBITA, 2 Yr. CAGR %	11.09	14.97	7.64	10.51	14.3
EBIT, 2 Yr. CAGR %	11.09	14.97	7.64	10.51	14.3
Earnings From Cont. Operations, 2 Yr. CAGR %	1.12	20.62	5.67	11.08	-55.63
Net Income, 2 Yr. CAGR %	1.55	20.14	5.58	10.85	-56.23
Normalized Net Income, 2 Yr. CAGR %	10.16	20.1	7.16	11.8	16.2
Diluted EPS Before Extra, 2 Yr. CAGR %	5.04	20.94	6.64	12.65	-55.89
Accounts Receivable, 2 Yr. CAGR %	1.45	11.25	2.26	9.68	22.93
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	9.79	-9.48	-4.93	-9.45	4.04
Total Assets, 2 Yr. CAGR %	21.7	12.99	8.1	5.25	1.99
Tangible Book Value, 2 Yr. CAGR %	-17.04	-18.16	2.15	1.26	31.46
Common Equity, 2 Yr. CAGR %	11.7	9.88	8.5	4.3	4.21
Cash From Operations, 2 Yr. CAGR %	-2.29	18.55	20.41	4.64	1.87
Capital Expenditures, 2 Yr. CAGR %	17.12	25.69	4.72	-25.69	-11.63
Levered Free Cash Flow, 2 Yr. CAGR %	-21.46	-4.14	32.11	6.36	-28.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	-20.89	-2.02	33.98	6.48	-27.8
Dividend Per Share, 2 Yr. CAGR %	11.8	11.8	15.11	18.32	20.53
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.86	9.38	10.2	7.73	5.58
Gross Profit, 3 Yr. CAGR %	9.46	9.86	12	8.41	7.77
EBITDA, 3 Yr. CAGR %	12.39	10.84	10.51	8.12	10.14
EBITA, 3 Yr. CAGR %	12.84	9.62	12.78	9.24	12.34
EBIT, 3 Yr. CAGR %	12.84	9.62	12.78	9.24	12.34
Earnings From Cont. Operations, 3 Yr. CAGR %	11.68	2.9	15.09	9.55	-40.91
Net Income, 3 Yr. CAGR %	11.94	3.27	14.64	9.48	-41.53
Normalized Net Income, 3 Yr. CAGR %	12.14	8.61	16.19	9.69	13.66
Diluted EPS Before Extra, 3 Yr. CAGR %	18.71	5.72	15.8	10.77	-40.89
Accounts Receivable, 3 Yr. CAGR %	0.51	-0.06	10.09	5.27	17.67
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	5.35	5.27	-8.53	-7.42	0.36
Total Assets, 3 Yr. CAGR %	8.86	16.28	12.02	5.55	4.62
Tangible Book Value, 3 Yr. CAGR %	-26.24	-4.71	-17.78	8.84	12.77
Common Equity, 3 Yr. CAGR %	-6.26	13.62	6.53	8.55	2.83
Cash From Operations, 3 Yr. CAGR %	20.31	4.97	18.92	9.88	7.48
Capital Expenditures, 3 Yr. CAGR %	7.28	34.34	-0.66	-0.81	-21.46
Levered Free Cash Flow, 3 Yr. CAGR %	8.65	-10.06	10.78	10.09	-8.77
Unlevered Free Cash Flow, 3 Yr. CAGR %	9.05	-8.54	12.13	11.5	-8.52
Dividend Per Share, 3 Yr. CAGR %	10.06	12.04	13.76	16.35	19.61
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.58	7.98	8	7.66	8.16
Gross Profit, 5 Yr. CAGR %	8.49	8.48	9.64	8.76	10.07
EBITDA, 5 Yr. CAGR %	10.7	9.76	10.4	9.98	10.79
EBITA, 5 Yr. CAGR %	11.9	10.96	10.73	9.98	13.39
EBIT, 5 Yr. CAGR %	11.9	10.96	10.73	9.98	13.39
Earnings From Cont. Operations, 5 Yr. CAGR %	10.31	6.37	9.24	6.1	-21.39
Net Income, 5 Yr. CAGR %	9.66	6.71	9.35	6.24	-22.01
Normalized Net Income, 5 Yr. CAGR %	10.15	10.52	10.12	9.88	16.19
Diluted EPS Before Extra, 5 Yr. CAGR %	14.75	11.19	13.72	8.44	-21.29
Accounts Receivable, 5 Yr. CAGR %	6.85	2.59	1.2	3.73	15.06
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	3.69	1.55	1.11	-0.89	-3.7
Total Assets, 5 Yr. CAGR %	4.66	5.13	8.55	11.73	7.89
Tangible Book Value, 5 Yr. CAGR %	-17.48	-12.64	-15.98	-2.37	-0.8
Common Equity, 5 Yr. CAGR %	-4.87	-1.05	-0.61	9.8	5.6
Cash From Operations, 5 Yr. CAGR %	9.92	10.1	20.35	4.84	11.78
Capital Expenditures, 5 Yr. CAGR %	-12.79	-6.56	6.25	6.01	-5.2
Levered Free Cash Flow, 5 Yr. CAGR %	13.99	9	17.48	-3.82	-6.95
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.3	10.04	18.41	-2.8	-5.98
Dividend Per Share, 5 Yr. CAGR %	9.46	11.03	12.05	14.51	16.42