Cash flow Telecom Italia S.p.A.

Equities

TIT

IT0003497168

Integrated Telecommunications Services

Market Closed - Borsa Italiana Other stock markets 09:15:00 18/07/2025 pm IST			5-day change	1st Jan Change
0.4070 ^EUR	+0.37%		+0.42%	+65.04%

18/07	Autostrade CFO Peluso to return to Telecom Italia as finance chief, sources say	RE
18/07	Fincantieri set to pick Telecom Italia's cybersecurity boss to head defence unit, sources say	RE

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Published financial data: TELECOM ITALIA S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.58TCr	1.53TCr	1.58TCr	1.63TCr	1.44TCr
Other Revenues, Total	-	-	-	-	4.2Cr
Total Revenues	1.58TCr	1.53TCr	1.58TCr	1.63TCr	1.45TCr
Cost of Goods Sold, Total	754.6Cr	777.5Cr	817.7Cr	822Cr	875.3Cr
Gross Profit	825.9Cr	754.1Cr	761.1Cr	807.6Cr	573.1Cr
Selling General & Admin Expenses, Total	63Cr	82Cr	103.3Cr	117.2Cr	32Cr
Depreciation & Amortization - (IS)	461.6Cr	449Cr	477.7Cr	486.3Cr	318.9Cr
Other Operating Expenses	72Cr	65Cr	69Cr	68Cr	56Cr
Other Operating Expenses, Total	596.8Cr	595.4Cr	649.6Cr	671.4Cr	407.6Cr
Operating Income	229.1Cr	158.7Cr	111.5Cr	136.2Cr	165.5Cr
Interest Expense, Total	-117.3Cr	-111.4Cr	-132.1Cr	-173Cr	-135.3Cr
Interest And Investment Income	52Cr	23Cr	35Cr	22Cr	30Cr
Net Interest Expenses	-65Cr	-88Cr	-97Cr	-151.3Cr	-104.8Cr
Income (Loss) On Equity Invest.	1.8Cr	3.8Cr	2.3Cr	-2.9Cr	-2Cr
Currency Exchange Gains (Loss)	-5.1Cr	3.9Cr	2.3Cr	-30L	2.2Cr
Other Non Operating Income (Expenses)	10Cr	-3.7Cr	-12Cr	2.6Cr	-6.6Cr
EBT, Excl. Unusual Items	170.8Cr	74Cr	6.9Cr	-16Cr	54Cr
Restructuring Charges	-3.4Cr	-80L	-	-	-
Impairment of Goodwill	-	-412Cr	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-1.1Cr	10L	3.6Cr	-1.1Cr	-7.7Cr
Asset Writedown	-80L	-	-	-	-1.4Cr
Legal Settlements	-	-	-	-	-
Other Unusual Items	-26Cr	-113Cr	-69Cr	-71Cr	-20Cr
EBT, Incl. Unusual Items	139.7Cr	-451.5Cr	-59Cr	-88Cr	26Cr
Income Tax Expense	-595.5Cr	388.5Cr	206.6Cr	23Cr	17Cr
Earnings From Continuing Operations	735.2Cr	-840Cr	-265.4Cr	-110.7Cr	8.3Cr
Earnings Of Discontinued Operations	-	-	-	-	-45Cr
Net Income to Company	735.2Cr	-840Cr	-265.4Cr	-110.7Cr	-36Cr
Minority Interest	-13Cr	-25Cr	-27Cr	-33Cr	-25Cr
Net Income - (IS)	722.4Cr	-865.2Cr	-292.5Cr	-144.1Cr	-61Cr
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	722.4Cr	-865.2Cr	-292.5Cr	-144.1Cr	-61Cr
Net Income to Common Excl. Extra Items	722.4Cr	-865.2Cr	-292.5Cr	-144.1Cr	-16Cr
Per Share Items
Net EPS - Basic	0.34	-0.41	-0.14	-0.07	-0.03
Basic EPS - Continuing Operations	0.34	-0.41	-0.14	-0.07	-0.01
Basic Weighted Average Shares Outstanding	2.11TCr	2.12TCr	2.12TCr	2.13TCr	2.13TCr
Net EPS - Diluted	0.34	-0.41	-0.14	-0.07	-0.03
Diluted EPS - Continuing Operations	0.34	-0.41	-0.14	-0.07	-0.01
Diluted Weighted Average Shares Outstanding	2.11TCr	2.12TCr	2.12TCr	2.13TCr	2.13TCr
Normalized Basic EPS	0.04	0.01	-0.01	-0.02	0
Normalized Diluted EPS	0.04	0.01	-0.01	-0.02	0
Dividend Per Share	0.01	-	-	-	-
Payout Ratio	5.4	-4.25	-2.32	-13.12	-26.07
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
EBITDA	621.9Cr	538.2Cr	498Cr	526.3Cr	426.8Cr
EBITA	391.8Cr	309.8Cr	263.2Cr	290.2Cr	307.4Cr
EBIT	229.1Cr	158.7Cr	111.5Cr	136.2Cr	165.5Cr
EBITDAR	665.5Cr	598.5Cr	577.8Cr	619.8Cr	435.9Cr
Total Revenues (As Reported)	1.6TCr	1.56TCr	1.6TCr	1.65TCr	1.47TCr
Effective Tax Rate - (Ratio)	-426.27	-86.05	-351.36	-25.8	67.7
Total Current Taxes	58Cr	1.1Cr	-58Cr	7.8Cr	9.2Cr
Total Deferred Taxes	-653.5Cr	387.4Cr	264.6Cr	15Cr	8.2Cr
Normalized Net Income	94Cr	21Cr	-23Cr	-43Cr	9.34Cr
Interest Capitalized	-	-	4.8Cr	1.8Cr	-
Interest on Long-Term Debt	115.5Cr	111Cr	119.1Cr	129.9Cr	103.6Cr
Non-Cash Pension Expense	50L	50L	1.2Cr	1.7Cr	60L
Supplemental Operating Expense Items
Advertising Expense	20Cr	21Cr	24Cr	24Cr	23Cr
Selling and Marketing Expenses	20Cr	21Cr	24Cr	24Cr	23Cr
Research And Development Expense From Footnotes	7.9Cr	5.6Cr	4.9Cr	4.8Cr	3.5Cr
Net Rental Expense, Total	44Cr	60Cr	80Cr	94Cr	9.1Cr
Imputed Operating Lease Interest Expense	12Cr	16Cr	26Cr	40Cr	4.09Cr
Imputed Operating Lease Depreciation	31Cr	44Cr	53Cr	53Cr	5.01Cr
Maintenance & Repair Expenses, Total	28Cr	29Cr	52Cr	53Cr	31Cr
Stock-Based Comp., COGS (Total)	26L	70L	40L	30L	20L
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	26L	70L	40L	30L	20L

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	482.9Cr	690.4Cr	355.5Cr	291.2Cr	292.4Cr
Short Term Investments	77Cr	151.5Cr	104Cr	151.6Cr	111.6Cr
Trading Asset Securities, Total	47Cr	86Cr	54Cr	54Cr	53Cr
Total Cash And Short Term Investments	606.8Cr	927.4Cr	513.2Cr	496.8Cr	457Cr
Accounts Receivable, Total	302.2Cr	279.4Cr	298.6Cr	316Cr	240.4Cr
Other Receivables	56Cr	57Cr	55Cr	110Cr	84Cr
Notes Receivable	-	-	-	-	-
Total Receivables	358Cr	336.1Cr	353.7Cr	426Cr	324.9Cr
Inventory	24Cr	28Cr	32Cr	34Cr	30Cr
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	92Cr	115.3Cr	124.1Cr	130.7Cr	107Cr
Total Current Assets	1.08TCr	1.41TCr	1.02TCr	1.09TCr	918.6Cr
Gross Property Plant And Equipment	8.44TCr	8.59TCr	9.12TCr	9.47TCr	3.23TCr
Accumulated Depreciation	-6.62TCr	-6.77TCr	-7.16TCr	-7.45TCr	-2.42TCr
Net Property Plant And Equipment	1.81TCr	1.82TCr	1.96TCr	2.02TCr	802.7Cr
Long-term Investments	479.6Cr	517Cr	220.9Cr	174Cr	105Cr
Goodwill	2.28TCr	1.86TCr	1.91TCr	1.92TCr	1.1TCr
Other Intangibles, Total	674Cr	714.7Cr	765.6Cr	712.2Cr	601.1Cr
Accounts Receivable Long-Term	4.3Cr	4.5Cr	4.9Cr	11Cr	4Cr
Deferred Tax Assets Long-Term	749.6Cr	351.3Cr	77Cr	70Cr	51Cr
Deferred Charges Long-Term	159.8Cr	183.3Cr	180.5Cr	179.7Cr	124.9Cr
Other Long-Term Assets, Total	77Cr	68Cr	61Cr	43Cr	56Cr
Total Assets	7.32TCr	6.92TCr	6.2TCr	6.22TCr	3.77TCr
Liabilities
Accounts Payable, Total	413.3Cr	516.1Cr	529.5Cr	544.1Cr	435.1Cr
Accrued Expenses, Total	87Cr	83Cr	118Cr	141.6Cr	115.7Cr
Current Portion of Long-Term Debt	367.7Cr	594.5Cr	503.9Cr	577.1Cr	387Cr
Current Portion of Leases	63Cr	65Cr	87Cr	84Cr	52Cr
Current Income Taxes Payable	27Cr	30Cr	3.4Cr	2.7Cr	4.4Cr
Unearned Revenue Current, Total	83Cr	82Cr	90Cr	88Cr	91Cr
Other Current Liabilities	76Cr	265.5Cr	82Cr	164.8Cr	66Cr
Total Current Liabilities	1.12TCr	1.64TCr	1.41TCr	1.6TCr	1.15TCr
Long-Term Debt	2.37TCr	2.34TCr	2.17TCr	2.13TCr	872.8Cr
Long-Term Leases	419.9Cr	406.4Cr	459.7Cr	474.3Cr	242.1Cr
Unearned Revenue Non Current	86Cr	72Cr	69Cr	71Cr	50Cr
Pension & Other Post Retirement Benefits	72Cr	70Cr	68Cr	51Cr	20Cr
Deferred Tax Liability Non Current	28Cr	24Cr	8.4Cr	8.3Cr	6.1Cr
Other Non Current Liabilities	351.2Cr	161.6Cr	136.8Cr	129.8Cr	88Cr
Total Liabilities	4.44TCr	4.71TCr	4.33TCr	4.46TCr	2.43TCr
Common Stock, Total	1.17TCr	1.17TCr	1.17TCr	1.17TCr	1.17TCr
Additional Paid In Capital	213.3Cr	213.3Cr	213.3Cr	58Cr	-
Retained Earnings	722.4Cr	-865.2Cr	-292.5Cr	-144.1Cr	-61Cr
Treasury Stock	-8.9Cr	-6.3Cr	-6.3Cr	-5.7Cr	-5.3Cr
Comprehensive Income and Other	527Cr	1.23TCr	423.9Cr	289.2Cr	94Cr
Total Common Equity	2.62TCr	1.74TCr	1.51TCr	1.36TCr	1.2TCr
Minority Interest	262.5Cr	462.5Cr	366.4Cr	386.7Cr	140.4Cr
Total Equity	2.88TCr	2.2TCr	1.87TCr	1.75TCr	1.34TCr
Total Liabilities And Equity	7.32TCr	6.92TCr	6.2TCr	6.22TCr	3.77TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.12TCr	2.12TCr	2.12TCr	2.13TCr	2.13TCr
ECS Total Common Shares Outstanding	2.12TCr	2.12TCr	2.12TCr	2.13TCr	2.13TCr
Book Value / Share	1.24	0.82	0.71	0.64	0.56
Tangible Book Value	-337.2Cr	-830.1Cr	-1.17TCr	-1.26TCr	-508.4Cr
Tangible Book Value Per Share	-0.16	-0.39	-0.55	-0.6	-0.24
Total Debt	3.22TCr	3.41TCr	3.22TCr	3.26TCr	1.55TCr
Net Debt	2.61TCr	2.48TCr	2.71TCr	2.77TCr	1.1TCr
Debt Equivalent Oper. Leases	348.8Cr	482.4Cr	638.4Cr	748Cr	73Cr
Minority Interest, Total (Incl. Fin. Div)	262.5Cr	462.5Cr	366.4Cr	386.7Cr	140.4Cr
Equity Method Investments, Total	272.8Cr	297.9Cr	54Cr	54Cr	26Cr
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	20L	20L	20L	20L	30L
Inventories - Work In Process, Total	20L	50L	80L	20L	20L
Inventories - Finished Goods, Total	24Cr	25Cr	27Cr	31Cr	25Cr
Inventories - Others	-	2.9Cr	3.8Cr	2.7Cr	4.1Cr
Land - (BS)	23Cr	23Cr	23Cr	23Cr	4.6Cr
Buildings, Total	190.7Cr	196Cr	205.1Cr	205.3Cr	44Cr
Machinery, Total	7.01TCr	7.09TCr	7.41TCr	7.66TCr	2.17TCr
Full Time Employees	52.34T	51.91T	50.38T	47.15T	26.82T
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	63Cr	56Cr	50Cr	46Cr	39Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	722.4Cr	-865.2Cr	-292.5Cr	-144.1Cr	-61Cr
Depreciation & Amortization - CF	298.9Cr	297.9Cr	326Cr	332.3Cr	177Cr
Amortization of Goodwill and Intangible Assets - (CF)	162.7Cr	151.1Cr	151.7Cr	154Cr	141.9Cr
Depreciation & Amortization, Total	461.6Cr	449Cr	477.7Cr	486.3Cr	318.9Cr
(Gain) Loss From Sale Of Asset	-44Cr	-12Cr	-24Cr	-3.5Cr	-7.3Cr
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	3.6Cr	411.8Cr	90L	-60L	9.4Cr
(Income) Loss On Equity Investments - (CF)	-1.8Cr	-3.8Cr	-2.3Cr	2.9Cr	2Cr
Net Cash From Discontinued Operations	-	-	-	-	-67Cr
Other Operating Activities, Total	13Cr	25Cr	27Cr	33Cr	69Cr
Change In Accounts Receivable	48Cr	26Cr	-8.1Cr	-3.9Cr	14Cr
Change In Inventories	2Cr	-3.9Cr	-3.5Cr	-3.1Cr	-2.3Cr
Change In Accounts Payable	-23Cr	34Cr	48Cr	19Cr	-8Cr
Change In Income Taxes	71Cr	-31Cr	-48Cr	-2.1Cr	7.2Cr
Change In Deferred Taxes	-653.8Cr	389.4Cr	264.5Cr	15Cr	8.2Cr
Change in Other Net Operating Assets	56Cr	15Cr	49Cr	-4.8Cr	-25Cr
Cash from Operations	655.1Cr	433.6Cr	489.5Cr	394.4Cr	257.9Cr
Capital Expenditure	-347.7Cr	-401.3Cr	-630.5Cr	-396.9Cr	-195.4Cr
Sale of Property, Plant, and Equipment	68Cr	40L	6.2Cr	1.1Cr	28Cr
Cash Acquisitions	-70L	-	-131.6Cr	1.9Cr	-40L
Divestitures	-3.3Cr	17Cr	127.8Cr	-	416.9Cr
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.1Cr	-10Cr	-2.6Cr	-4.9Cr	-3.4Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-25Cr	-118.3Cr	97Cr	-92Cr	289.7Cr
Other Investing Activities, Total	2.4Cr	30L	30L	76Cr	-41Cr
Cash from Investing	-307.7Cr	-511.7Cr	-533.5Cr	-414.9Cr	494Cr
Short Term Debt Issued, Total	-	70Cr	-	24Cr	-
Long-Term Debt Issued, Total	147Cr	408.2Cr	228.8Cr	403.7Cr	188.6Cr
Total Debt Issued	147Cr	478.6Cr	228.8Cr	427.8Cr	188.6Cr
Short Term Debt Repaid, Total	-177.1Cr	-	-44Cr	-	-86Cr
Long-Term Debt Repaid, Total	-279Cr	-307.2Cr	-461.5Cr	-460.7Cr	-843.1Cr
Total Debt Repaid	-456.1Cr	-307.2Cr	-505.1Cr	-460.7Cr	-929.3Cr
Issuance of Common Stock	116.4Cr	-	20L	-	-
Common Dividends Paid	-39Cr	-37Cr	-6.8Cr	-19Cr	-16Cr
Common & Preferred Stock Dividends Paid	-39Cr	-37Cr	-6.8Cr	-19Cr	-16Cr
Other Financing Activities, Total	31Cr	181.8Cr	-4Cr	6.2Cr	16Cr
Cash from Financing	-200.9Cr	316.4Cr	-286.9Cr	-46Cr	-740.6Cr
Foreign Exchange Rate Adjustments	-16Cr	1.3Cr	-4Cr	1.8Cr	-10Cr
Net Change in Cash	130.6Cr	239.6Cr	-334.9Cr	-64Cr	1.2Cr
Supplemental Items
Cash Interest Paid	152Cr	144Cr	166.8Cr	210.3Cr	183.9Cr
Cash Income Tax Paid (Refund)	-22Cr	24Cr	-16Cr	12Cr	3Cr
Levered Free Cash Flow	583.54Cr	363.66Cr	-349.18Cr	103.3Cr	43Cr
Unlevered Free Cash Flow	656.85Cr	433.29Cr	-266.61Cr	211.42Cr	127.44Cr
Change In Net Working Capital	-399.5Cr	-285.7Cr	183.9Cr	-37Cr	100Cr
Net Debt Issued / Repaid	-309.1Cr	171.4Cr	-276.3Cr	-33Cr	-740.7Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2	1.39	1.06	1.37	2.07
Return on Total Capital	2.43	1.69	1.3	1.68	2.62
Return On Equity %	28.57	-33.02	-13.02	-6.11	0.54
Return on Common Equity	31.07	-39.66	-18.01	-10.04	-1.27
Margin Analysis
Gross Profit Margin %	52.26	49.24	48.21	49.56	39.57
SG&A Margin	4	5.32	6.54	7.19	2.24
EBITDA Margin %	39.35	35.14	31.54	32.3	29.47
EBITA Margin %	24.79	20.23	16.67	17.81	21.22
EBIT Margin %	14.5	10.36	7.06	8.36	11.43
Income From Continuing Operations Margin %	46.52	-54.84	-16.81	-6.79	0.57
Net Income Margin %	45.71	-56.49	-18.53	-8.84	-4.21
Net Avail. For Common Margin %	45.71	-56.49	-18.53	-8.84	-1.13
Normalized Net Income Margin	5.94	1.38	-1.44	-2.65	0.64
Levered Free Cash Flow Margin	36.92	23.74	-22.12	6.34	2.96
Unlevered Free Cash Flow Margin	41.56	28.29	-16.89	12.97	8.8
Asset Turnover
Asset Turnover	0.22	0.22	0.24	0.26	0.29
Fixed Assets Turnover	0.84	0.84	0.84	0.82	1.03
Receivables Turnover (Average Receivables)	4.97	5.3	5.5	5.33	5.21
Inventory Turnover (Average Inventory)	30.06	29.68	27.08	24.65	27.27
Short Term Liquidity
Current Ratio	0.97	0.86	0.72	0.68	0.8
Quick Ratio	0.86	0.77	0.61	0.58	0.68
Operating Cash Flow to Current Liabilities	0.59	0.26	0.35	0.25	0.22
Days Sales Outstanding (Average Receivables)	73.71	68.86	66.32	68.54	70.21
Days Outstanding Inventory (Average Inventory)	12.17	12.3	13.48	14.81	13.42
Average Days Payable Outstanding	205.56	217.04	232.23	237.69	205.85
Cash Conversion Cycle (Average Days)	-119.68	-135.88	-152.43	-154.35	-122.22
Long Term Solvency
Total Debt/Equity	111.52	154.71	172.2	186.35	116.32
Total Debt / Total Capital	52.72	60.74	63.26	65.08	53.77
LT Debt/Equity	96.58	124.78	140.65	148.62	83.44
Long-Term Debt / Total Capital	45.66	48.99	51.67	51.9	38.57
Total Liabilities / Total Assets	60.62	68.15	69.81	71.83	64.52
EBIT / Interest Expense	1.95	1.42	0.84	0.79	1.22
EBITDA / Interest Expense	5.89	5.46	4.46	3.6	3.58
(EBITDA - Capex) / Interest Expense	2.92	1.85	-0.31	1.3	2.14
Total Debt / EBITDA	4.66	5.61	5.47	5.24	3.21
Net Debt / EBITDA	3.78	4.08	4.6	4.44	2.27
Total Debt / (EBITDA - Capex)	9.38	16.52	-78.08	14.47	5.38
Net Debt / (EBITDA - Capex)	7.61	12.03	-65.65	12.26	3.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.07	-3.09	3.08	3.22	1.21
Gross Profit, 1 Yr. Growth %	-15.66	-8.63	0.91	6.11	-6.31
EBITDA, 1 Yr. Growth %	-15.45	-14.72	-7.49	5.68	-6.63
EBITA, 1 Yr. Growth %	-19.81	-22.74	-15.07	10.26	-9.05
EBIT, 1 Yr. Growth %	-28.65	-33.4	-29.79	22.15	-13.71
Earnings From Cont. Operations, 1 Yr. Growth %	499.67	-214.25	-68.4	-58.29	-188.3
Net Income, 1 Yr. Growth %	688.65	-219.77	-66.19	-50.74	-57.67
Normalized Net Income, 1 Yr. Growth %	10.82	-79.02	-207.3	89.63	12.67
Diluted EPS Before Extra, 1 Yr. Growth %	702.2	-224.45	-66.25	-50.76	-61.93
Accounts Receivable, 1 Yr. Growth %	-9.63	-6.4	8.54	6.76	-23.37
Inventory, 1 Yr. Growth %	-6.92	16.53	14.18	7.14	-13.91
Net Property, Plant and Equip., 1 Yr. Growth %	-7.03	0.14	7.88	3.16	-60.28
Total Assets, 1 Yr. Growth %	4.46	-5.53	-10.35	0.21	-39.41
Tangible Book Value, 1 Yr. Growth %	-67.79	146.17	41.02	8.03	-59.8
Common Equity, 1 Yr. Growth %	29.27	-33.57	-13.51	-9.4	-12.38
Cash From Operations, 1 Yr. Growth %	10.1	-33.81	12.89	-19.43	-19.86
Capital Expenditures, 1 Yr. Growth %	-4.71	15.42	57.11	-37.05	-10.04
Levered Free Cash Flow, 1 Yr. Growth %	-711.72	-38.29	-197.19	-129.58	-74.99
Unlevered Free Cash Flow, 1 Yr. Growth %	-5.19T	-34.61	-161.52	-179.3	-52.59
Dividend Per Share, 1 Yr. Growth %	0	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.65	-7.69	-0.05	3.15	-4.22
Gross Profit, 2 Yr. CAGR %	-8.15	-12.24	-3.97	3.48	-13.23
EBITDA, 2 Yr. CAGR %	-9.13	-14.46	-11.17	-1.12	-7.42
EBITA, 2 Yr. CAGR %	-10.36	-20.37	-18.98	-3.23	8.07
EBIT, 2 Yr. CAGR %	-16.39	-29.7	-31.6	-7.39	21.83
Earnings From Cont. Operations, 2 Yr. CAGR %	152.63	161.75	-39.92	-63.7	-82.32
Net Income, 2 Yr. CAGR %	126.27	207.33	-36.37	-59.19	-54.33
Normalized Net Income, 2 Yr. CAGR %	-6.91	-50.02	-52.49	42.64	-35.99
Diluted EPS Before Extra, 2 Yr. CAGR %	126.2	209.04	-35.19	-59.23	-76.4
Accounts Receivable, 2 Yr. CAGR %	-7.05	-8.59	0.02	7.18	-9.88
Inventory, 2 Yr. CAGR %	-21.13	4.14	15.35	10.61	-3.96
Net Property, Plant and Equip., 2 Yr. CAGR %	5.97	-3.51	3.93	5.49	-35.99
Total Assets, 2 Yr. CAGR %	5.64	-0.66	-7.97	-5.22	-22.08
Tangible Book Value, 2 Yr. CAGR %	-54.28	-10.96	86.32	23.43	-34.1
Common Equity, 2 Yr. CAGR %	15.86	-7.34	-24.2	-11.48	-10.9
Cash From Operations, 2 Yr. CAGR %	19.44	-14.63	-13.56	-4.63	-27.41
Capital Expenditures, 2 Yr. CAGR %	-12.4	4.87	34.66	-0.55	-44.33
Levered Free Cash Flow, 2 Yr. CAGR %	334.65	95.25	-23.03	-46.38	-64.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	148.33	479.72	-36.57	-30.15	-30.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-7.28	-6.83	-4.23	1.02	-1.84
Gross Profit, 3 Yr. CAGR %	-6.86	-8.33	-8.06	-0.72	-8.75
EBITDA, 3 Yr. CAGR %	-9.05	-10.6	-12.19	-5.87	-7.44
EBITA, 3 Yr. CAGR %	-11.15	-14.03	-18.63	-10.22	-0.27
EBIT, 3 Yr. CAGR %	-15.46	-21.47	-29.71	-17.01	1.39
Earnings From Cont. Operations, 3 Yr. CAGR %	78.76	93.91	29.36	-46.8	-78.54
Net Income, 3 Yr. CAGR %	86.09	83.03	47.26	-41.57	-58.69
Normalized Net Income, 3 Yr. CAGR %	-13.87	-41.98	-35.46	-24.64	-23.96
Diluted EPS Before Extra, 3 Yr. CAGR %	91.19	82.64	47.72	-40.86	-73.41
Accounts Receivable, 3 Yr. CAGR %	-5.48	-7.22	-3.7	1.92	-4.39
Inventory, 3 Yr. CAGR %	-5.85	-10.17	7.39	12.55	1.74
Net Property, Plant and Equip., 3 Yr. CAGR %	3.1	3.99	0.14	3.68	-23.82
Total Assets, 3 Yr. CAGR %	2.11	1.78	-4	-5.32	-18.35
Tangible Book Value, 3 Yr. CAGR %	-39.33	-19.86	3.79	55.37	-15.08
Common Equity, 3 Yr. CAGR %	6.74	-3.75	-9.44	-19.56	-11.78
Cash From Operations, 3 Yr. CAGR %	6.66	-1.89	-6.3	-15.56	-15.9
Capital Expenditures, 3 Yr. CAGR %	4.79	-3.97	20	4.51	-21.33
Levered Free Cash Flow, 3 Yr. CAGR %	128.05	127.5	54.11	-44.04	-50.77
Unlevered Free Cash Flow, 3 Yr. CAGR %	69.16	59.63	174.48	-31.67	-33.5
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-4.33	-4.24	-4.45	-2.96	-4.23
Gross Profit, 5 Yr. CAGR %	-4.55	-5.9	-5.73	-3.78	-10.16
EBITDA, 5 Yr. CAGR %	-4.95	-7.78	-9.64	-6.92	-10.31
EBITA, 5 Yr. CAGR %	-7.12	-10.91	-13.97	-9.86	-8.85
EBIT, 5 Yr. CAGR %	-10	-15.93	-21.71	-16.1	-12.41
Earnings From Cont. Operations, 5 Yr. CAGR %	171.32	34.35	15.58	-0.79	-41.64
Net Income, 5 Yr. CAGR %	152.78	36.77	21.14	0.42	-7.81
Normalized Net Income, 5 Yr. CAGR %	42.33	-34.14	-31.13	-16.8	-35.67
Diluted EPS Before Extra, 5 Yr. CAGR %	60.12	38.08	22.94	0.25	-29.08
Accounts Receivable, 5 Yr. CAGR %	-4.16	-7	-3.56	-2.01	-6.39
Inventory, 5 Yr. CAGR %	-0.96	0.87	2.12	-2.37	2.7
Net Property, Plant and Equip., 5 Yr. CAGR %	4.05	2.11	3.43	4.59	-16.27
Total Assets, 5 Yr. CAGR %	0.55	-0.36	-2.05	-1.08	-11.68
Tangible Book Value, 5 Yr. CAGR %	-28.71	-11.58	-4.96	-4.75	-13.45
Common Equity, 5 Yr. CAGR %	8.35	-3.86	-6.92	-6.92	-10.03
Cash From Operations, 5 Yr. CAGR %	5.34	-5.19	-1.94	-3	-15.4
Capital Expenditures, 5 Yr. CAGR %	0.06	-2.94	15.85	-2.61	-11.74
Levered Free Cash Flow, 5 Yr. CAGR %	166.39	1.16	47.98	27.31	-14.78
Unlevered Free Cash Flow, 5 Yr. CAGR %	42.17	0.04	14.46	14.7	58.12