Cash flow Vodacom Group Limited

Equities

VOD

ZAE000132577

Wireless Telecommunications Services

End-of-day quote Johannesburg S.E. Other stock markets 04/03/2026			5-day change	1st Jan Change
159.82 ^ZAR	+0.74%		-1.95%	+13.10%

02/03	Vodafone teams up with Amazon's satellites to connect masts in Europe and Africa	RE
12/02	Absa Group Announces Executive Changes	CI

3d05194e7c88be769b2df0ed.17gPgVi2fEM5Id9T6e0T-8DrR1upVRLiJdXG03tmRT0.h9pmtwnsBXF3b4gZndpmj5CIIA3oZHClVaGN60lQLWeZ3ErgGuU4Ok9Chg

Published financial data: VODACOM GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	9.83TCr	10TCr	12TCr	15TCr	15TCr
Total Revenues	9.83TCr	10TCr	12TCr	15TCr	15TCr
Cost of Goods Sold, Total	4.33TCr	4.59TCr	5.37TCr	6.78TCr	6.98TCr
Gross Profit	5.5TCr	5.68TCr	6.55TCr	8.28TCr	8.25TCr
Selling General & Admin Expenses, Total	171.8Cr	188.6Cr	193.6Cr	215.6Cr	191.4Cr
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	1.51TCr	1.47TCr	1.8TCr	2.28TCr	2.19TCr
Other Operating Expenses	1.3TCr	1.51TCr	1.89TCr	2.47TCr	2.55TCr
Other Operating Expenses, Total	2.98TCr	3.17TCr	3.88TCr	4.96TCr	4.94TCr
Operating Income	2.52TCr	2.52TCr	2.66TCr	3.31TCr	3.31TCr
Interest Expense, Total	-419Cr	-422.9Cr	-556.9Cr	-816.3Cr	-809.3Cr
Interest And Investment Income	77Cr	55Cr	86Cr	141.6Cr	146Cr
Net Interest Expenses	-342.3Cr	-367.5Cr	-471.2Cr	-674.7Cr	-663.3Cr
Income (Loss) On Equity Invest.	350.1Cr	305.6Cr	260.7Cr	219.7Cr	272.4Cr
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-38Cr	20L	46Cr	-45Cr	-38Cr
EBT, Excl. Unusual Items	2.49TCr	2.46TCr	2.5TCr	2.81TCr	2.88TCr
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-107.8Cr	-	-	-	-
Gain (Loss) On Sale Of Assets	-7Cr	-	40L	-1.3Cr	-
Asset Writedown	-60L	-	-	-	-3.4Cr
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	2.38TCr	2.46TCr	2.5TCr	2.81TCr	2.88TCr
Income Tax Expense	671Cr	682.9Cr	689.7Cr	885.9Cr	888.2Cr
Earnings From Continuing Operations	1.71TCr	1.77TCr	1.81TCr	1.93TCr	1.99TCr
Net Income to Company	1.71TCr	1.77TCr	1.81TCr	1.93TCr	1.99TCr
Minority Interest	-49Cr	-57Cr	-134.4Cr	-297.2Cr	-329.3Cr
Net Income - (IS)	1.66TCr	1.72TCr	1.68TCr	1.63TCr	1.66TCr
Net Income to Common Incl Extra Items	1.66TCr	1.72TCr	1.68TCr	1.63TCr	1.66TCr
Net Income to Common Excl. Extra Items	1.66TCr	1.72TCr	1.68TCr	1.63TCr	1.66TCr
Per Share Items
Net EPS - Basic	9.78	10.13	9.48	8.42	8.59
Basic EPS - Continuing Operations	9.78	10.13	9.48	8.42	8.59
Basic Weighted Average Shares Outstanding	169.5Cr	169.36Cr	176.87Cr	193.4Cr	193.2Cr
Net EPS - Diluted	9.56	9.84	9.21	8.27	8.45
Diluted EPS - Continuing Operations	9.56	9.84	9.21	8.27	8.45
Diluted Weighted Average Shares Outstanding	173.49Cr	174.43Cr	181.97Cr	197Cr	196.5Cr
Normalized Basic EPS	8.91	8.73	8.08	7.56	7.61
Normalized Diluted EPS	8.7	8.47	7.85	7.42	7.49
Dividend Per Share	8.25	8.5	6.7	5.9	6.2
Payout Ratio	84.1	82.56	78.34	75.95	66.96
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	3.49TCr	3.47TCr	3.8TCr	5.59TCr	5.5TCr
EBITA	2.56TCr	2.55TCr	2.73TCr	3.31TCr	3.31TCr
EBIT	2.52TCr	2.52TCr	2.66TCr	3.31TCr	3.31TCr
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	28.22	27.8	27.58	31.5	30.87
Current Domestic Taxes	517.1Cr	517.4Cr	511.5Cr	-	-
Current Foreign Taxes	193Cr	165.9Cr	248.2Cr	-	-
Total Current Taxes	710.1Cr	683.3Cr	759.7Cr	-	-
Deferred Domestic Taxes	-16Cr	-2.8Cr	-29Cr	-	-
Deferred Foreign Taxes	-23Cr	2.4Cr	-41Cr	-	-
Total Deferred Taxes	-39Cr	-40L	-70Cr	-	-
Normalized Net Income	1.51TCr	1.48TCr	1.43TCr	1.46TCr	1.47TCr
Interest on Long-Term Debt	140.8Cr	148.3Cr	164.4Cr	-	-
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	171.8Cr	188.6Cr	193.6Cr	215.6Cr	191.4Cr
Selling and Marketing Expenses	171.8Cr	188.6Cr	193.6Cr	215.6Cr	191.4Cr
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., COGS (Total)	24Cr	23Cr	13Cr	-	-
Stock-Based Comp., Other (Total)	31Cr	34Cr	35Cr	42Cr	46Cr
Total Stock-Based Compensation	55Cr	58Cr	48Cr	42Cr	46Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.58TCr	1.77TCr	2.21TCr	2.37TCr	2.57TCr
Short Term Investments	-	-	-	1.11TCr	1.37TCr
Trading Asset Securities, Total	34Cr	38Cr	40Cr	-	-
Total Cash And Short Term Investments	1.61TCr	1.81TCr	2.25TCr	3.48TCr	3.94TCr
Accounts Receivable, Total	2.26TCr	2.38TCr	3.05TCr	3.14TCr	3.18TCr
Other Receivables	35Cr	23Cr	29Cr	71Cr	65Cr
Notes Receivable	-	23Cr	56Cr	-	-
Total Receivables	2.29TCr	2.43TCr	3.13TCr	3.22TCr	3.25TCr
Inventory	119.8Cr	178.7Cr	215.6Cr	232.1Cr	228.7Cr
Restricted Cash	610.8Cr	638.6Cr	983.2Cr	-	-
Other Current Assets, Total	-	-	-	141.4Cr	147.2Cr
Total Current Assets	4.63TCr	5.05TCr	6.58TCr	7.07TCr	7.57TCr
Gross Property Plant And Equipment	11TCr	12TCr	16TCr	-	-
Accumulated Depreciation	-5.75TCr	-6.43TCr	-8.75TCr	-	-
Net Property Plant And Equipment	5.65TCr	5.93TCr	7.42TCr	7.46TCr	8.11TCr
Long-term Investments	5.02TCr	4.75TCr	5.26TCr	5.83TCr	5.38TCr
Goodwill	327.7Cr	327.4Cr	431.5Cr	-	-
Other Intangibles, Total	990.9Cr	1.08TCr	2.33TCr	2.79TCr	2.99TCr
Accounts Receivable Long-Term	481.1Cr	513.7Cr	604.8Cr	711.6Cr	762.9Cr
Loans Receivable Long-Term	44Cr	39Cr	20Cr	-	-
Deferred Tax Assets Long-Term	5.9Cr	12Cr	55Cr	66Cr	104.7Cr
Other Long-Term Assets, Total	45Cr	97Cr	120.9Cr	121.1Cr	81Cr
Total Assets	17TCr	18TCr	23TCr	24TCr	25TCr
Liabilities
Accounts Payable, Total	1.68TCr	1.25TCr	4.14TCr	4.26TCr	4.41TCr
Short-term Borrowings	54Cr	105.8Cr	132.3Cr	219.7Cr	208.8Cr
Current Portion of Long-Term Debt	620.9Cr	1.82TCr	426.7Cr	1.17TCr	1.16TCr
Current Portion of Leases	342.5Cr	386.7Cr	406Cr	-	-
Current Income Taxes Payable	36Cr	117.8Cr	266.5Cr	298.4Cr	364.9Cr
Other Current Liabilities	1.48TCr	2.09TCr	1.07TCr	1.18TCr	1.46TCr
Total Current Liabilities	4.21TCr	5.77TCr	6.44TCr	7.13TCr	7.6TCr
Long-Term Debt	3.1TCr	2.06TCr	5.03TCr	5.95TCr	6.4TCr
Long-Term Leases	869.5Cr	878.9Cr	1.03TCr	-	-
Deferred Tax Liability Non Current	343.5Cr	336.5Cr	385.7Cr	392.8Cr	425.2Cr
Other Non Current Liabilities	104.3Cr	212.2Cr	195.8Cr	205.6Cr	204Cr
Total Liabilities	8.63TCr	9.25TCr	13TCr	14TCr	15TCr
Common Stock, Total	5.71TCr	5.71TCr	8.99TCr	8.99TCr	8.99TCr
Additional Paid In Capital	7Cr	7.3Cr	7.7Cr	-	-
Retained Earnings	3.69TCr	3.99TCr	4.35TCr	4.75TCr	5.29TCr
Treasury Stock	-1.69TCr	-1.7TCr	-1.71TCr	-1.71TCr	-1.72TCr
Comprehensive Income and Other	220.4Cr	-58Cr	-3.05TCr	-2.75TCr	-3.36TCr
Total Common Equity	7.94TCr	7.94TCr	8.59TCr	9.28TCr	9.2TCr
Minority Interest	632Cr	602.9Cr	1.15TCr	1.11TCr	1.16TCr
Total Equity	8.57TCr	8.55TCr	9.74TCr	10TCr	10TCr
Total Liabilities And Equity	17TCr	18TCr	23TCr	24TCr	25TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	169.45Cr	169.33Cr	193.54Cr	193.4Cr	193.2Cr
ECS Total Common Shares Outstanding	169.45Cr	169.33Cr	193.54Cr	193.4Cr	193.2Cr
Book Value / Share	46.84	46.91	44.41	47.96	47.63
Tangible Book Value	6.62TCr	6.54TCr	5.83TCr	6.48TCr	6.21TCr
Tangible Book Value Per Share	39.06	38.61	30.12	33.53	32.16
Total Debt	4.99TCr	5.25TCr	7.03TCr	7.35TCr	7.77TCr
Net Debt	3.38TCr	3.44TCr	4.79TCr	3.86TCr	3.83TCr
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	632Cr	602.9Cr	1.15TCr	1.11TCr	1.16TCr
Equity Method Investments, Total	5.02TCr	4.74TCr	5.26TCr	5.83TCr	5.38TCr
Account Code - Inventory Valuation	5	5	5	3	-
Inventories - Finished Goods, Total	145.8Cr	202.7Cr	233.6Cr	-	-
Land - (BS)	550.6Cr	527.4Cr	619Cr	-	-
Full Time Employees	-	-	-	-	-
Assets on Operating Lease - Gross	-	-	10Cr	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-7.5Cr	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	1.66TCr	1.72TCr	1.68TCr	1.63TCr	1.66TCr
Depreciation & Amortization - CF	1.25TCr	1.2TCr	1.43TCr	2.28TCr	2.19TCr
Amortization of Goodwill and Intangible Assets - (CF)	37Cr	29Cr	70Cr	-	-
Depreciation & Amortization, Total	1.29TCr	1.23TCr	1.5TCr	2.28TCr	2.19TCr
Amortization of Deferred Charges, Total - (CF)	223.9Cr	237.6Cr	298.8Cr	-	-
(Gain) Loss From Sale Of Asset	20L	-10L	3.1Cr	13Cr	-10Cr
(Gain) Loss on Sale of Investments - (CF)	107.8Cr	70Cr	86Cr	85Cr	209.6Cr
Asset Writedown & Restructuring Costs	60L	-	-	-	3.4Cr
Provision for Credit Losses	-2.2Cr	2.4Cr	11Cr	-	-
(Income) Loss On Equity Investments - (CF)	-350.1Cr	-305.6Cr	-260.7Cr	-219.7Cr	-272.4Cr
Stock-Based Compensation (CF)	55Cr	58Cr	48Cr	42Cr	46Cr
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	359.5Cr	392.5Cr	502.2Cr	1.09TCr	1.11TCr
Change In Accounts Receivable	-256.9Cr	-148.6Cr	-477.7Cr	-520.5Cr	-358.2Cr
Change In Inventories	17Cr	-59Cr	-11Cr	-32Cr	-2.4Cr
Change In Accounts Payable	235.3Cr	211.7Cr	720.2Cr	532.6Cr	702.1Cr
Cash from Operations	3.34TCr	3.4TCr	4.1TCr	4.9TCr	5.28TCr
Capital Expenditure	-1.34TCr	-1.38TCr	-2.02TCr	-2.23TCr	-2.47TCr
Sale of Property, Plant, and Equipment	6.9Cr	6.1Cr	8.9Cr	18Cr	12Cr
Cash Acquisitions	-	-	-922.1Cr	-38Cr	-
Divestitures	1.5Cr	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-87Cr	-32Cr	-46Cr	-78Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	436.2Cr	269.2Cr	292.4Cr	225.7Cr	114.5Cr
Cash from Investing	-899.7Cr	-1.2TCr	-2.67TCr	-2.07TCr	-2.42TCr
Long-Term Debt Issued, Total	18Cr	857Cr	1.97TCr	1.82TCr	2.44TCr
Total Debt Issued	18Cr	857Cr	1.97TCr	1.82TCr	2.44TCr
Long-Term Debt Repaid, Total	-405.2Cr	-971.7Cr	-1.19TCr	-2.17TCr	-2.92TCr
Total Debt Repaid	-405.2Cr	-971.7Cr	-1.19TCr	-2.17TCr	-2.92TCr
Issuance of Common Stock	7.8Cr	8.4Cr	13Cr	9.3Cr	9Cr
Repurchase of Common Stock	-56Cr	-52Cr	-51Cr	-53Cr	-52Cr
Common Dividends Paid	-1.39TCr	-1.42TCr	-1.31TCr	-1.24TCr	-1.11TCr
Common & Preferred Stock Dividends Paid	-1.39TCr	-1.42TCr	-1.31TCr	-1.24TCr	-1.11TCr
Other Financing Activities, Total	-528.7Cr	-481.4Cr	-594.1Cr	-936.9Cr	-953.3Cr
Cash from Financing	-2.36TCr	-2.06TCr	-1.17TCr	-2.57TCr	-2.59TCr
Foreign Exchange Rate Adjustments	-175.8Cr	-5.1Cr	155.3Cr	-180.8Cr	-63Cr
Net Change in Cash	-98Cr	144.9Cr	407.3Cr	78Cr	209.8Cr
Supplemental Items
Cash Interest Paid	394.5Cr	431.2Cr	534.1Cr	766.7Cr	780.5Cr
Cash Income Tax Paid (Refund)	742.8Cr	712.4Cr	736.1Cr	811.2Cr	806.6Cr
Levered Free Cash Flow	1.41TCr	1.49TCr	2.07TCr	1.71TCr	1.8TCr
Unlevered Free Cash Flow	1.67TCr	1.76TCr	2.42TCr	2.22TCr	2.3TCr
Change In Net Working Capital	131.9Cr	-45Cr	-928.2Cr	-60Cr	-463.2Cr
Net Debt Issued / Repaid	-387.2Cr	-114.7Cr	772.7Cr	-351.8Cr	-478Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	8.71	8.99	8.2	8.83	8.43
Return on Total Capital	10.94	11.51	10.9	12	11.53
Return On Equity %	18.38	20.72	19.8	19.14	19.17
Return on Common Equity	19.39	21.61	20.28	18.23	17.96
Margin Analysis
Gross Profit Margin %	55.99	55.33	54.95	54.95	54.16
SG&A Margin	1.75	1.84	1.62	1.43	1.26
EBITDA Margin %	35.5	33.73	31.86	37.14	36.15
EBITA Margin %	26.05	24.79	22.95	22.01	21.74
EBIT Margin %	25.67	24.51	22.36	22.01	21.74
Income From Continuing Operations Margin %	17.37	17.26	15.2	12.79	13.07
Net Income Margin %	16.87	16.71	14.07	10.82	10.9
Net Avail. For Common Margin %	16.87	16.71	14.07	10.82	10.9
Normalized Net Income Margin	15.36	14.39	11.99	9.7	9.66
Levered Free Cash Flow Margin	14.3	14.53	17.39	11.34	11.8
Unlevered Free Cash Flow Margin	16.97	17.1	20.31	14.73	15.13
Asset Turnover
Asset Turnover	0.54	0.59	0.59	0.64	0.62
Fixed Assets Turnover	1.7	1.78	1.79	2.02	1.95
Receivables Turnover (Average Receivables)	4.46	4.43	4.39	4.86	4.81
Inventory Turnover (Average Inventory)	33.53	30.75	27.23	30.3	30.28
Short Term Liquidity
Current Ratio	1.1	0.88	1.02	0.99	1
Quick Ratio	0.93	0.73	0.83	0.94	0.95
Operating Cash Flow to Current Liabilities	0.79	0.59	0.64	0.69	0.69
Days Sales Outstanding (Average Receivables)	81.77	82.33	83.13	75.28	75.84
Days Outstanding Inventory (Average Inventory)	10.88	11.87	13.4	12.08	12.05
Average Days Payable Outstanding	140.71	88.18	229.65	225.99	226.73
Cash Conversion Cycle (Average Days)	-48.06	6.02	-133.12	-138.64	-138.84
Long Term Solvency
Total Debt/Equity	58.25	61.39	72.19	70.77	75.01
Total Debt / Total Capital	36.81	38.04	41.93	41.44	42.86
LT Debt/Equity	46.38	34.34	62.29	57.34	61.78
Long-Term Debt / Total Capital	29.31	21.28	36.17	33.58	35.3
Total Liabilities / Total Assets	50.17	51.98	57.33	56.85	58.54
EBIT / Interest Expense	6.02	5.95	4.78	4.06	4.09
EBITDA / Interest Expense	9.1	8.86	7.47	6.85	6.8
(EBITDA - Capex) / Interest Expense	5.89	5.58	3.85	4.12	3.75
Total Debt / EBITDA	1.31	1.4	1.69	1.31	1.41
Net Debt / EBITDA	0.89	0.92	1.15	0.69	0.7
Total Debt / (EBITDA - Capex)	2.02	2.22	3.28	2.19	2.56
Net Debt / (EBITDA - Capex)	1.37	1.46	2.23	1.15	1.26
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.33	4.51	16	26.37	1.08
Gross Profit, 1 Yr. Growth %	5.35	3.28	15.19	26.38	-0.37
EBITDA, 1 Yr. Growth %	3.79	2.47	8.74	25.36	-1.59
EBITA, 1 Yr. Growth %	3.79	3.82	6.3	24.38	-0.12
EBIT, 1 Yr. Growth %	3.57	4.23	4.74	24.38	-0.12
Earnings From Cont. Operations, 1 Yr. Growth %	2.57	3.88	2.13	6.37	3.25
Net Income, 1 Yr. Growth %	4	3.51	-2.31	-2.83	1.88
Normalized Net Income, 1 Yr. Growth %	2.51	2.5	-4.42	2.31	0.67
Diluted EPS Before Extra, 1 Yr. Growth %	3.58	2.93	-6.4	-10.21	2.18
Accounts Receivable, 1 Yr. Growth %	5	5.43	28.24	3.1	1.16
Inventory, 1 Yr. Growth %	-13.31	49.17	20.65	7.65	-1.46
Net Property, Plant and Equip., 1 Yr. Growth %	-4.72	4.95	25.25	0.54	8.7
Total Assets, 1 Yr. Growth %	-9.59	3.48	28.29	5.39	3.89
Tangible Book Value, 1 Yr. Growth %	-15.47	-1.21	-10.83	11.21	-4.17
Common Equity, 1 Yr. Growth %	-13.4	0.08	8.19	7.93	-0.8
Cash From Operations, 1 Yr. Growth %	1.6	2	20.34	19.68	7.73
Capital Expenditures, 1 Yr. Growth %	-3.22	2.98	45.74	10.66	10.59
Levered Free Cash Flow, 1 Yr. Growth %	33	11.51	37.35	-43.35	5.18
Unlevered Free Cash Flow, 1 Yr. Growth %	23.46	9.78	36.5	-34.04	3.79
Dividend Per Share, 1 Yr. Growth %	5.1	3.03	-21.18	-11.94	5.08
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.53	6.4	10.1	21.07	13.02
Gross Profit, 2 Yr. CAGR %	5.8	4.31	9.07	20.66	12.21
EBITDA, 2 Yr. CAGR %	4.81	1.52	5.95	26.56	11.07
EBITA, 2 Yr. CAGR %	4.57	1.59	5.59	13.5	11.46
EBIT, 2 Yr. CAGR %	4.41	1.66	5.02	14.13	11.46
Earnings From Cont. Operations, 2 Yr. CAGR %	4.84	3.22	3	4.22	4.8
Net Income, 2 Yr. CAGR %	5.77	3.75	0.56	-2.57	-0.51
Normalized Net Income, 2 Yr. CAGR %	3.87	0.19	-0.48	-1.11	1.49
Diluted EPS Before Extra, 2 Yr. CAGR %	5.68	3.25	-1.85	-8.32	-4.21
Accounts Receivable, 2 Yr. CAGR %	6.47	5.21	16.27	14.99	2.13
Inventory, 2 Yr. CAGR %	-7.92	13.71	34.15	13.97	2.99
Net Property, Plant and Equip., 2 Yr. CAGR %	13.31	-0	14.65	12.22	4.54
Total Assets, 2 Yr. CAGR %	5.8	-3.28	15.22	16.28	4.64
Tangible Book Value, 2 Yr. CAGR %	-0.72	-8.62	-6.14	-0.42	3.24
Common Equity, 2 Yr. CAGR %	0.88	-6.9	4.06	8.06	3.47
Cash From Operations, 2 Yr. CAGR %	9.08	1.8	10.79	20.01	13.55
Capital Expenditures, 2 Yr. CAGR %	-0.77	-0.17	22.51	26.99	10.63
Levered Free Cash Flow, 2 Yr. CAGR %	2.21	18.83	24.43	6.4	-22.81
Unlevered Free Cash Flow, 2 Yr. CAGR %	4.27	14.04	22.98	11.85	-17.26
Dividend Per Share, 2 Yr. CAGR %	1.87	4.06	-9.88	-16.69	-3.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.41	5.85	9.51	15.28	14
Gross Profit, 3 Yr. CAGR %	5.26	4.95	7.81	14.56	13.2
EBITDA, 3 Yr. CAGR %	3.99	2.94	4.13	18.25	16.38
EBITA, 3 Yr. CAGR %	3.63	2.84	3.49	10.55	8.76
EBIT, 3 Yr. CAGR %	3.52	2.84	3.03	11.11	9.17
Earnings From Cont. Operations, 3 Yr. CAGR %	3.13	4.52	2.86	4.11	3.9
Net Income, 3 Yr. CAGR %	2.62	5.01	1.69	-0.58	-1.11
Normalized Net Income, 3 Yr. CAGR %	4.75	1.85	-1.01	0.44	-0.52
Diluted EPS Before Extra, 3 Yr. CAGR %	1.31	4.75	-0.07	-4.72	-4.95
Accounts Receivable, 3 Yr. CAGR %	11.48	6.12	12.39	11.71	10.18
Inventory, 3 Yr. CAGR %	-1.22	8.14	15.98	24.66	8.57
Net Property, Plant and Equip., 3 Yr. CAGR %	11.7	10.45	7.79	9.74	11.03
Total Assets, 3 Yr. CAGR %	9.4	5.02	6.27	11.84	11.99
Tangible Book Value, 3 Yr. CAGR %	6.11	-0.88	-9.36	-0.68	-1.68
Common Equity, 3 Yr. CAGR %	7.18	0.61	-2.12	5.34	5.02
Cash From Operations, 3 Yr. CAGR %	8.52	6.66	7.64	13.68	15.77
Capital Expenditures, 3 Yr. CAGR %	7.49	0.46	13.25	18.42	21.27
Levered Free Cash Flow, 3 Yr. CAGR %	5.75	3.51	25.16	8.47	5.99
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.92	4.63	21.46	11.5	9.09
Dividend Per Share, 3 Yr. CAGR %	0.41	2.25	-5.14	-10.57	-9.98
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.19	4.8	6.65	11.69	10.9
Gross Profit, 5 Yr. CAGR %	5.1	4.63	6.77	10.97	9.55
EBITDA, 5 Yr. CAGR %	4.23	3.2	4.11	11.98	10.36
EBITA, 5 Yr. CAGR %	3.89	2.84	3.51	7.19	6.05
EBIT, 5 Yr. CAGR %	3.82	2.89	3.21	7.44	6.32
Earnings From Cont. Operations, 5 Yr. CAGR %	5.75	6.2	3.08	4.4	3.63
Net Income, 5 Yr. CAGR %	5.12	5.05	1.79	1.91	0.81
Normalized Net Income, 5 Yr. CAGR %	5.06	3.64	1.69	0.87	-0.02
Diluted EPS Before Extra, 5 Yr. CAGR %	2.21	2.12	0.04	-0.69	-1.75
Accounts Receivable, 5 Yr. CAGR %	9	9.59	13.38	9.58	8.17
Inventory, 5 Yr. CAGR %	-6.48	7.1	11.64	10.44	10.6
Net Property, Plant and Equip., 5 Yr. CAGR %	7.28	8.09	12.87	11.16	6.48
Total Assets, 5 Yr. CAGR %	16.92	17.01	11.69	9.39	5.62
Tangible Book Value, 5 Yr. CAGR %	35.22	34.46	1.03	-0.7	-4.52
Common Equity, 5 Yr. CAGR %	26.86	26.98	5.92	3.53	0.08
Cash From Operations, 5 Yr. CAGR %	6.5	5.74	9.42	11.82	9.97
Capital Expenditures, 5 Yr. CAGR %	-0.18	3.44	13.26	10.33	12.19
Levered Free Cash Flow, 5 Yr. CAGR %	18.08	10.79	11.76	4.88	11.19
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.34	10.42	12.15	7.66	11.25
Dividend Per Share, 5 Yr. CAGR %	0.74	0.48	-3.84	-5.79	-4.61