TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY)

Cash flow TSMC (Taiwan Semiconductor Manufacturing Company)

Equities

2330

TW0002330008

Semiconductors

End-of-day quote Taiwan S.E. Other stock markets 15/07/2025			5-day change	1st Jan Change
1,110.00 ^TWD	+1.37%		+2.78%	+3.26%

15/07	Broadcom launches new Tomahawk Ultra networking chip in AI battle against Nvidia	RE
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Published financial data: TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1,33900Cr	1,58700Cr	2,26400Cr	2,16200Cr	2,89400Cr
Total Revenues	1,33900Cr	1,58700Cr	2,26400Cr	2,16200Cr	2,89400Cr
Cost of Goods Sold, Total	63TCr	77TCr	92TCr	99TCr	1,27000Cr
Gross Profit	71TCr	82TCr	1,34800Cr	1,17500Cr	1,62400Cr
Selling General & Admin Expenses, Total	3.56TCr	4.45TCr	6.34TCr	7.15TCr	9.69TCr
R&D Expenses	11TCr	12TCr	16TCr	18TCr	20TCr
Other Operating Expenses	-69Cr	5.9Cr	-42Cr	-19Cr	7.97Cr
Other Operating Expenses, Total	14TCr	17TCr	23TCr	25TCr	30TCr
Operating Income	57TCr	65TCr	1,12200Cr	92TCr	1,32300Cr
Interest Expense, Total	-208.15Cr	-541.42Cr	-1.17TCr	-1.2TCr	-1.05TCr
Interest And Investment Income	901.84Cr	570.88Cr	2.24TCr	6.03TCr	8.72TCr
Net Interest Expenses	693.69Cr	29Cr	1.07TCr	4.83TCr	7.67TCr
Income (Loss) On Equity Invest.	359.28Cr	560.31Cr	779.84Cr	465.51Cr	487.94Cr
Currency Exchange Gains (Loss)	-330.33Cr	1.37TCr	450.58Cr	-268.55Cr	1TCr
Other Non Operating Income (Expenses)	933.13Cr	-651.08Cr	40Cr	793.54Cr	-708.66Cr
EBT, Excl. Unusual Items	58TCr	66TCr	1,14500Cr	98TCr	1,40800Cr
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	143.57Cr	9.6Cr	-46Cr	-49Cr	-73Cr
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-27Cr	-79Cr	-	-115.05Cr
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	58TCr	66TCr	1,14400Cr	98TCr	1,40600Cr
Income Tax Expense	6.66TCr	6.61TCr	13TCr	14TCr	23TCr
Earnings From Continuing Operations	52TCr	60TCr	1,01700Cr	84TCr	1,17200Cr
Net Income to Company	52TCr	60TCr	1,01700Cr	84TCr	1,17200Cr
Minority Interest	-27Cr	-53Cr	-37Cr	73Cr	84Cr
Net Income - (IS)	52TCr	60TCr	1,01700Cr	84TCr	1,17300Cr
Net Income to Common Incl Extra Items	52TCr	60TCr	1,01700Cr	84TCr	1,17300Cr
Net Income to Common Excl. Extra Items	52TCr	60TCr	1,01700Cr	84TCr	1,17300Cr
Per Share Items
Net EPS - Basic	19.97	23.01	39.2	32.34	45.25
Basic EPS - Continuing Operations	19.97	23.01	39.2	32.34	45.25
Basic Weighted Average Shares Outstanding	2.59TCr	2.59TCr	2.59TCr	2.59TCr	2.59TCr
Net EPS - Diluted	19.97	23.01	39.2	32.34	45.25
Diluted EPS - Continuing Operations	19.97	23.01	39.2	32.34	45.25
Diluted Weighted Average Shares Outstanding	2.59TCr	2.59TCr	2.59TCr	2.59TCr	2.59TCr
Normalized Basic EPS	14.05	15.97	27.6	23.64	33.97
Normalized Diluted EPS	14.05	15.97	27.6	23.64	33.96
Dividend Per Share	10	11	11	13	17
Payout Ratio	50.07	44.55	28.06	34.79	30.94
American Depositary Receipts Ratio (ADR)	0.62	0.62	0.62	0.62	0.62
Supplemental Items
EBITDA	89TCr	1,06700Cr	1,55100Cr	1,44500Cr	1,97700Cr
EBITA	57TCr	66TCr	1,12600Cr	93TCr	1,32700Cr
EBIT	57TCr	65TCr	1,12200Cr	92TCr	1,32300Cr
EBITDAR	90TCr	1,07200Cr	1,55600Cr	1,44600Cr	1,97700Cr
Effective Tax Rate - (Ratio)	11.39	9.96	11.12	14.44	16.6
Total Current Taxes	7.29TCr	8.92TCr	15TCr	14TCr	23TCr
Total Deferred Taxes	-627.52Cr	-2.32TCr	-2TCr	413.6Cr	218.63Cr
Normalized Net Income	36TCr	41TCr	72TCr	61TCr	88TCr
Interest Capitalized	-	-	266.69Cr	632.97Cr	931.03Cr
Interest on Long-Term Debt	156.51Cr	539.63Cr	1.71TCr	1.82TCr	1.97TCr
Non-Cash Pension Expense	8.16Cr	4.72Cr	7.43Cr	14Cr	12Cr
Supplemental Operating Expense Items
Marketing Expenses	711.29Cr	755.86Cr	992.04Cr	1.06TCr	1.31TCr
Selling and Marketing Expenses	711.29Cr	755.86Cr	992.04Cr	1.06TCr	1.31TCr
General and Administrative Expenses	2.85TCr	3.69TCr	5.35TCr	6.09TCr	8.37TCr
Research And Development Expense From Footnotes	11TCr	12TCr	16TCr	18TCr	20TCr
Net Rental Expense, Total	341.07Cr	541.9Cr	473.11Cr	121.51Cr	18Cr
Imputed Operating Lease Interest Expense	20Cr	42Cr	66Cr	19Cr	2.82Cr
Imputed Operating Lease Depreciation	320.88Cr	500.19Cr	406.83Cr	102.53Cr	15Cr
Stock-Based Comp., Other (Total)	66.12L	77.88L	34Cr	54Cr	164.62Cr
Total Stock-Based Compensation	66.12L	77.88L	34Cr	54Cr	164.62Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	66TCr	1,06500Cr	1,34300Cr	1,46500Cr	2,12800Cr
Short Term Investments	14TCr	14TCr	24TCr	22TCr	29TCr
Trading Asset Securities, Total	225.95Cr	17Cr	107.27Cr	92Cr	1.1Cr
Total Cash And Short Term Investments	80TCr	1,20500Cr	1,58700Cr	1,68800Cr	2,42200Cr
Accounts Receivable, Total	15TCr	20TCr	23TCr	20TCr	27TCr
Other Receivables	5.06Cr	6.15Cr	6.9Cr	7.19Cr	3L
Total Receivables	15TCr	20TCr	23TCr	20TCr	27TCr
Inventory	14TCr	19TCr	22TCr	25TCr	29TCr
Other Current Assets, Total	672.56Cr	1.07TCr	1.3TCr	5.34TCr	11TCr
Total Current Assets	1,09200Cr	1,60700Cr	2,05300Cr	2,19400Cr	3,08800Cr
Gross Property Plant And Equipment	4,45500Cr	5,27000Cr	6,40400Cr	7,25900Cr	8,05000Cr
Accumulated Depreciation	-2,87200Cr	-3,26200Cr	-3,66900Cr	-4,15400Cr	-4,77500Cr
Net Property Plant And Equipment	1,58300Cr	2,00800Cr	2,73600Cr	3,10500Cr	3,27500Cr
Long-term Investments	2.77TCr	2.94TCr	6.89TCr	13TCr	15TCr
Goodwill	543.66Cr	537.92Cr	579.18Cr	579.64Cr	607.09Cr
Other Intangibles, Total	2.03TCr	2.14TCr	2.02TCr	1.7TCr	2.02TCr
Deferred Tax Assets Long-Term	2.6TCr	4.92TCr	6.92TCr	6.42TCr	6.59TCr
Other Long-Term Assets, Total	575.4Cr	521.7Cr	1.2TCr	1.71TCr	8.72TCr
Total Assets	2,76100Cr	3,72600Cr	4,96500Cr	5,53200Cr	6,69200Cr
Liabilities
Accounts Payable, Total	4.11TCr	4.87TCr	5.65TCr	5.73TCr	7.41TCr
Accrued Expenses, Total	9.46TCr	11TCr	16TCr	17TCr	21TCr
Short-term Borrowings	8.86TCr	11TCr	-	-	-
Current Portion of Long-Term Debt	260.12Cr	457.63Cr	1.93TCr	3.66TCr	5.99TCr
Current Portion of Leases	182.8Cr	217.65Cr	260.35Cr	281.06Cr	304.9Cr
Current Income Taxes Payable	5.39TCr	5.96TCr	12TCr	9.89TCr	15TCr
Unearned Revenue Current, Total	1.38TCr	4.05TCr	7.19TCr	5.44TCr	8.94TCr
Other Current Liabilities	32TCr	36TCr	52TCr	49TCr	68TCr
Total Current Liabilities	62TCr	74TCr	94TCr	91TCr	1,26500Cr
Long-Term Debt	26TCr	61TCr	84TCr	92TCr	96TCr
Long-Term Leases	2.06TCr	2.08TCr	2.98TCr	2.87TCr	2.88TCr
Pension & Other Post Retirement Benefits	1.19TCr	1.1TCr	932.11Cr	925.72Cr	758.07Cr
Deferred Tax Liability Non Current	172.99Cr	187.39Cr	103.14Cr	5.39Cr	398.85Cr
Other Non Current Liabilities	266.1Cr	17TCr	18TCr	18TCr	11TCr
Total Liabilities	91TCr	1,55500Cr	2,00400Cr	2,04900Cr	2,36800Cr
Common Stock, Total	26TCr	26TCr	26TCr	26TCr	26TCr
Additional Paid In Capital	5.63TCr	6.48TCr	6.93TCr	6.99TCr	7.33TCr
Retained Earnings	1,58900Cr	1,90700Cr	2,63800Cr	3,15800Cr	3,91700Cr
Comprehensive Income and Other	-5.47TCr	-6.26TCr	-2.05TCr	-2.83TCr	3.87TCr
Total Common Equity	1,85000Cr	2,16800Cr	2,94600Cr	3,45900Cr	4,28900Cr
Minority Interest	96Cr	244.67Cr	1.48TCr	2.43TCr	3.5TCr
Total Equity	1,85100Cr	2,17100Cr	2,96000Cr	3,48300Cr	4,32400Cr
Total Liabilities And Equity	2,76100Cr	3,72600Cr	4,96500Cr	5,53200Cr	6,69200Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.59TCr	2.59TCr	2.59TCr	2.59TCr	2.59TCr
ECS Total Common Shares Outstanding	2.59TCr	2.59TCr	2.59TCr	2.59TCr	2.59TCr
Book Value / Share	71.33	83.62	113.6	133.38	165.37
Tangible Book Value	1,82400Cr	2,14100Cr	2,92000Cr	3,43600Cr	4,26200Cr
Tangible Book Value Per Share	70.34	82.59	112.6	132.51	164.36
Total Debt	37TCr	76TCr	89TCr	99TCr	1,05000Cr
Net Debt	-43TCr	-45TCr	-70TCr	-70TCr	-1,37200Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.19TCr	1.1TCr	932.11Cr	925.72Cr	758.07Cr
Debt Equivalent Oper. Leases	2.73TCr	4.34TCr	3.78TCr	972.12Cr	145Cr
Minority Interest, Total (Incl. Fin. Div)	96Cr	244.67Cr	1.48TCr	2.43TCr	3.5TCr
Equity Method Investments, Total	1.88TCr	2.2TCr	2.76TCr	2.96TCr	3.74TCr
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	1.47TCr	1.11TCr	2.04TCr	3.88TCr	4.64TCr
Inventories - Work In Process, Total	9.17TCr	14TCr	13TCr	16TCr	18TCr
Inventories - Finished Goods, Total	2.17TCr	3.26TCr	5.48TCr	3.45TCr	3.52TCr
Inventories - Others	925.89Cr	1.17TCr	2.03TCr	2.12TCr	2.5TCr
Land - (BS)	394.26Cr	648.82Cr	766.18Cr	762.2Cr	1.31TCr
Buildings, Total	52TCr	58TCr	64TCr	82TCr	96TCr
Machinery, Total	3,67600Cr	4,06100Cr	4,38100Cr	5,48500Cr	5,95800Cr
Full Time Employees	56.83T	65.15T	-	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Assets on Operating Lease - Gross	142.65Cr	19Cr	2.13Cr	5.07Cr	20Cr
Assets on Operating Lease - Accumulated Depreciation	-42Cr	-19Cr	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	25Cr	35Cr	33Cr	53Cr	45Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	52TCr	60TCr	1,01700Cr	84TCr	1,17300Cr
Depreciation & Amortization - CF	32TCr	41TCr	43TCr	52TCr	65TCr
Amortization of Goodwill and Intangible Assets - (CF)	351.7Cr	493.14Cr	398.16Cr	395.01Cr	371.59Cr
Depreciation & Amortization, Total	33TCr	42TCr	43TCr	53TCr	66TCr
Amortization of Deferred Charges, Total - (CF)	366.93Cr	327.58Cr	477.45Cr	530.81Cr	547.02Cr
(Gain) Loss From Sale Of Asset	-19Cr	27Cr	-9.29Cr	37Cr	259.8Cr
(Gain) Loss on Sale of Investments - (CF)	-143.88Cr	-9.6Cr	46Cr	48Cr	86Cr
Asset Writedown & Restructuring Costs	1.02Cr	27Cr	79Cr	-	115.05Cr
(Income) Loss On Equity Investments - (CF)	-359.28Cr	-560.31Cr	-779.84Cr	-465.51Cr	-487.94Cr
Stock-Based Compensation (CF)	66.12L	77.88L	30Cr	48Cr	124.27Cr
Other Operating Activities, Total	659.59Cr	-3.41TCr	4.06TCr	-6.85TCr	-2.42TCr
Change in Trading Asset Securities	-296.53Cr	264.92Cr	-135.44Cr	29Cr	84Cr
Change In Accounts Receivable	-808.27Cr	-5.21TCr	-3.22TCr	2.84TCr	-6.94TCr
Change In Inventories	-5.44TCr	-5.57TCr	-2.8TCr	-2.98TCr	-3.69TCr
Change In Accounts Payable	40Cr	829.83Cr	759.41Cr	85Cr	1.71TCr
Change in Other Net Operating Assets	3.67TCr	23TCr	18TCr	-5.66TCr	10TCr
Cash from Operations	82TCr	1,11200Cr	1,61100Cr	1,24200Cr	1,82600Cr
Capital Expenditure	-51TCr	-84TCr	-1,08300Cr	-95TCr	-96TCr
Sale of Property, Plant, and Equipment	61Cr	39Cr	98Cr	70Cr	89Cr
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-954.24Cr	-904.08Cr	-694.17Cr	-551.53Cr	-881.85Cr
Investment in Marketable and Equity Securities, Total	36Cr	440Cr	-13TCr	-5.58TCr	-5.8TCr
Other Investing Activities, Total	1TCr	708.02Cr	2.82TCr	10TCr	16TCr
Cash from Investing	-51TCr	-84TCr	-1,19100Cr	-91TCr	-86TCr
Short Term Debt Issued, Total	748.53Cr	3.57TCr	-	-	-
Long-Term Debt Issued, Total	24TCr	37TCr	20TCr	12TCr	6.52TCr
Total Debt Issued	25TCr	40TCr	20TCr	12TCr	6.52TCr
Short Term Debt Repaid, Total	-3.91TCr	-	-11TCr	-	-
Long-Term Debt Repaid, Total	-3.44TCr	-458.53Cr	-699.49Cr	-2.27TCr	-1.22TCr
Total Debt Repaid	-7.35TCr	-458.53Cr	-12TCr	-2.27TCr	-1.22TCr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-87Cr	-	-308.92Cr
Common Dividends Paid	-26TCr	-27TCr	-29TCr	-29TCr	-36TCr
Common & Preferred Stock Dividends Paid	-26TCr	-27TCr	-29TCr	-29TCr	-36TCr
Other Financing Activities, Total	-203.5Cr	520.9Cr	385.31Cr	-651.97Cr	-3.32TCr
Cash from Financing	-8.86TCr	14TCr	-20TCr	-20TCr	-35TCr
Foreign Exchange Rate Adjustments	-2.35TCr	-758.38Cr	5.84TCr	-833.88Cr	4.72TCr
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	20TCr	40TCr	28TCr	12TCr	66TCr
Supplemental Items
Cash Interest Paid	178.11Cr	383.36Cr	1.22TCr	1.74TCr	1.88TCr
Cash Income Tax Paid (Refund)	5.14TCr	8.35TCr	8.66TCr	16TCr	18TCr
Levered Free Cash Flow	19TCr	-4.12TCr	28TCr	8.27TCr	69TCr
Unlevered Free Cash Flow	19TCr	-3.78TCr	29TCr	9.02TCr	69TCr
Change In Net Working Capital	-2.41TCr	1.84TCr	-24TCr	6.31TCr	-17TCr
Net Debt Issued / Repaid	17TCr	40TCr	8.2TCr	9.33TCr	5.3TCr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	14.1	12.53	16.14	10.97	13.53
Return on Total Capital	17.56	15.79	20.69	13.84	16.8
Return On Equity %	29.84	29.7	39.64	26	30.04
Return on Common Equity	29.84	29.69	39.76	26.18	30.29
Margin Analysis
Gross Profit Margin %	53.1	51.63	59.56	54.36	56.12
SG&A Margin	2.66	2.8	2.8	3.31	3.35
EBITDA Margin %	66.62	67.2	68.53	66.84	68.3
EBITA Margin %	42.58	41.27	49.74	42.81	45.85
EBIT Margin %	42.32	40.96	49.56	42.63	45.72
Income From Continuing Operations Margin %	38.69	37.61	44.92	38.75	40.51
Net Income Margin %	38.67	37.58	44.9	38.79	40.54
Net Avail. For Common Margin %	38.67	37.58	44.9	38.79	40.54
Normalized Net Income Margin	27.2	26.08	31.61	28.36	30.43
Levered Free Cash Flow Margin	14.34	-2.59	12.5	3.82	23.77
Unlevered Free Cash Flow Margin	14.43	-2.38	12.83	4.17	24
Asset Turnover
Asset Turnover	0.53	0.49	0.52	0.41	0.47
Fixed Assets Turnover	0.91	0.88	0.95	0.74	0.91
Receivables Turnover (Average Receivables)	9.37	9.22	10.54	9.98	12.21
Inventory Turnover (Average Inventory)	5.7	4.65	4.42	4.18	4.71
Short Term Liquidity
Current Ratio	1.77	2.17	2.17	2.4	2.44
Quick Ratio	1.54	1.9	1.93	2.07	2.13
Operating Cash Flow to Current Liabilities	1.33	1.5	1.71	1.36	1.44
Days Sales Outstanding (Average Receivables)	39.05	39.59	34.63	36.58	29.97
Days Outstanding Inventory (Average Inventory)	64.19	78.54	82.58	87.33	77.65
Average Days Payable Outstanding	21.8	19.9	20.36	20.43	18.39
Cash Conversion Cycle (Average Days)	81.45	98.22	96.85	103.48	89.24
Long Term Solvency
Total Debt/Equity	19.97	34.82	30.09	28.32	24.29
Total Debt / Total Capital	16.65	25.83	23.13	22.07	19.54
LT Debt/Equity	14.95	29.21	29.35	27.19	22.83
Long-Term Debt / Total Capital	12.46	21.67	22.56	21.19	18.37
Total Liabilities / Total Assets	32.97	41.73	40.37	37.04	35.39
EBIT / Interest Expense	272.3	120.1	95.5	76.79	126.08
EBITDA / Interest Expense	429.91	197.51	132.3	120.7	188.71
(EBITDA - Capex) / Interest Expense	186.22	42.51	40.16	41.55	97.62
Total Debt / EBITDA	0.41	0.71	0.57	0.68	0.53
Net Debt / EBITDA	-0.48	-0.42	-0.45	-0.48	-0.69
Total Debt / (EBITDA - Capex)	0.95	3.28	1.89	1.98	1.02
Net Debt / (EBITDA - Capex)	-1.12	-1.95	-1.48	-1.41	-1.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	25.17	18.53	42.61	-4.51	33.89
Gross Profit, 1 Yr. Growth %	43.35	15.24	64.53	-12.85	38.23
EBITDA, 1 Yr. Growth %	35.93	19.58	45.57	-6.87	36.82
EBITA, 1 Yr. Growth %	51.06	14.88	72.14	-17.82	43.39
EBIT, 1 Yr. Growth %	50.82	14.73	72.56	-17.88	43.6
Earnings From Cont. Operations, 1 Yr. Growth %	50.04	15.23	70.31	-17.62	39.95
Net Income, 1 Yr. Growth %	50	15.19	70.4	-17.51	39.92
Normalized Net Income, 1 Yr. Growth %	48.59	13.65	72.82	-14.33	43.66
Diluted EPS Before Extra, 1 Yr. Growth %	49.98	15.2	70.39	-17.51	39.93
Accounts Receivable, 1 Yr. Growth %	4.48	35.79	16.66	-12.71	34.74
Inventory, 1 Yr. Growth %	65.52	40.59	14.52	13.5	14.69
Net Property, Plant and Equip., 1 Yr. Growth %	15.6	26.81	36.25	13.49	5.48
Total Assets, 1 Yr. Growth %	21.9	34.95	33.26	11.43	20.96
Tangible Book Value, 1 Yr. Growth %	13.94	17.41	36.34	17.69	24.04
Common Equity, 1 Yr. Growth %	14.08	17.23	35.85	17.42	23.99
Cash From Operations, 1 Yr. Growth %	33.74	35.19	44.82	-22.89	47.04
Capital Expenditures, 1 Yr. Growth %	10.17	65.44	29.01	-12.27	0.65
Levered Free Cash Flow, 1 Yr. Growth %	-27.52	-122.33	-606.14	-67.85	739.35
Unlevered Free Cash Flow, 1 Yr. Growth %	-27.59	-120.35	-652.72	-65.91	676.33
Dividend Per Share, 1 Yr. Growth %	5.26	10	-0	18.18	30.77
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.95	21.8	30.02	16.7	13.07
Gross Profit, 2 Yr. CAGR %	19.19	28.53	37.7	19.74	9.76
EBITDA, 2 Yr. CAGR %	14.77	27.4	31.88	16.44	12.88
EBITA, 2 Yr. CAGR %	21.04	31.57	40.54	18.94	8.55
EBIT, 2 Yr. CAGR %	20.92	31.38	40.72	19.04	8.59
Earnings From Cont. Operations, 2 Yr. CAGR %	19.46	29.87	41.07	18.45	7.38
Net Income, 2 Yr. CAGR %	19.44	29.82	41.08	18.56	7.43
Normalized Net Income, 2 Yr. CAGR %	20.35	29.79	40.17	21.68	10.94
Diluted EPS Before Extra, 2 Yr. CAGR %	19.43	29.82	41.07	18.56	7.44
Accounts Receivable, 2 Yr. CAGR %	6.32	19.11	25.86	0.91	8.45
Inventory, 2 Yr. CAGR %	15.35	52.55	26.89	14.01	14.09
Net Property, Plant and Equip., 2 Yr. CAGR %	21.53	21.08	31.45	24.35	9.41
Total Assets, 2 Yr. CAGR %	14.93	28.26	34.11	21.86	16.1
Tangible Book Value, 2 Yr. CAGR %	5.35	15.94	27.04	26.67	20.82
Common Equity, 2 Yr. CAGR %	5.54	15.92	26.71	26.3	20.66
Cash From Operations, 2 Yr. CAGR %	19.72	34.46	39.92	5.67	6.48
Capital Expenditures, 2 Yr. CAGR %	26.78	35.01	46.1	6.39	-6.03
Levered Free Cash Flow, 2 Yr. CAGR %	16.58	-61.17	19.26	21.6	63.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	16.19	-62.94	20.4	31.02	62.05
Dividend Per Share, 2 Yr. CAGR %	11.8	7.61	4.88	8.71	24.32
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.07	15.45	28.38	17.3	22.17
Gross Profit, 3 Yr. CAGR %	12.85	17.86	39.55	18.23	25.61
EBITDA, 3 Yr. CAGR %	11.45	16.35	33.15	17.44	22.87
EBITA, 3 Yr. CAGR %	13.63	18.96	43.83	17.52	26.59
EBIT, 3 Yr. CAGR %	13.59	18.82	43.88	17.6	26.72
Earnings From Cont. Operations, 3 Yr. CAGR %	14.52	18.03	42.15	17.91	25.22
Net Income, 3 Yr. CAGR %	14.5	18	42.14	17.97	25.29
Normalized Net Income, 3 Yr. CAGR %	13.65	18.07	42.79	18.95	28.6
Diluted EPS Before Extra, 3 Yr. CAGR %	14.51	18.01	42.14	17.97	25.29
Accounts Receivable, 3 Yr. CAGR %	6.09	15.35	18.29	11.41	11.12
Inventory, 3 Yr. CAGR %	22.96	23.21	38.64	22.26	14.24
Net Property, Plant and Equip., 3 Yr. CAGR %	14.22	23.26	25.94	25.17	17.71
Total Assets, 3 Yr. CAGR %	11.5	21.25	29.91	26.08	21.56
Tangible Book Value, 3 Yr. CAGR %	7.22	9.22	22.38	23.84	25.79
Common Equity, 3 Yr. CAGR %	7.38	9.3	22.21	23.53	25.53
Cash From Operations, 3 Yr. CAGR %	12.02	24.67	37.83	14.72	17.98
Capital Expenditures, 3 Yr. CAGR %	15.34	38.54	32.98	23.26	4.44
Levered Free Cash Flow, 3 Yr. CAGR %	6.87	-33.7	1.2	-25.38	130.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.64	-35.85	1.81	-23.36	136.47
Dividend Per Share, 3 Yr. CAGR %	7.72	11.2	5.01	9.14	15.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.69	10.86	18.29	15.95	22.02
Gross Profit, 5 Yr. CAGR %	11.62	11.53	22.2	18.61	26.77
EBITDA, 5 Yr. CAGR %	10.46	12.2	19.21	16.36	24.64
EBITA, 5 Yr. CAGR %	12.02	11.52	23.7	18.91	28.52
EBIT, 5 Yr. CAGR %	11.99	11.47	23.75	18.91	28.56
Earnings From Cont. Operations, 5 Yr. CAGR %	11.34	12.47	24.13	18.2	27.06
Net Income, 5 Yr. CAGR %	11.33	12.45	24.13	18.22	27.08
Normalized Net Income, 5 Yr. CAGR %	12.2	11.4	23.58	19.5	29.08
Diluted EPS Before Extra, 5 Yr. CAGR %	11.32	12.46	24.13	18.23	27.09
Accounts Receivable, 5 Yr. CAGR %	11.28	8.93	13.59	9.34	14.25
Inventory, 5 Yr. CAGR %	15.42	31.73	24.52	19.45	28.25
Net Property, Plant and Equip., 5 Yr. CAGR %	13.16	15.01	20.82	23.7	19.05
Total Assets, 5 Yr. CAGR %	10.74	14.58	20.04	21.49	24.2
Tangible Book Value, 5 Yr. CAGR %	9.1	9.76	14.56	15.89	21.75
Common Equity, 5 Yr. CAGR %	9.15	9.79	14.55	15.81	21.59
Cash From Operations, 5 Yr. CAGR %	9.2	15.55	22.44	16.69	24.31
Capital Expenditures, 5 Yr. CAGR %	14.52	20.67	26.78	24.65	15.73
Levered Free Cash Flow, 5 Yr. CAGR %	1.48	-25.13	12.47	-10.16	20.3
Unlevered Free Cash Flow, 5 Yr. CAGR %	1.39	-26.58	12.75	-8.83	20.35
Dividend Per Share, 5 Yr. CAGR %	10.76	9.46	6.58	10.2	12.34