Cash flow Webzen Inc.

Equities

A069080

KR7069080000

Internet Services

End-of-day quote Korea S.E. Other stock markets 13/03/2026			5-day change	1st Jan Change
12,350.00 ^KRW	+0.08%		-2.99%	-4.26%

11/02	Webzen Q4 operating profit 7 billion won, down 53.6% from year earlier	RE
11/02	Webzen Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2025	CI

3894eb14f16.6k_G4aw5H5n8oHEa3xIDYXIPEBYpIwvU1KCiVpGujLw.mx-Pu_1TWNGU5Cgt50hwNzZuJVlgG2qWn9LBJKTxud-NBvCJ6QpboMvUBg

Published financial data: WEBZEN INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	29TCr	28TCr	24TCr	20TCr	21TCr
Total Revenues	29TCr	28TCr	24TCr	20TCr	21TCr
Cost of Goods Sold, Total	2.92Cr	2.1Cr	6.5Cr	2.97Cr	2.86Cr
Gross Profit	29TCr	28TCr	24TCr	20TCr	21TCr
Selling General & Admin Expenses, Total	17TCr	16TCr	13TCr	12TCr	13TCr
Provision for Bad Debts	-28Cr	96Cr	11Cr	-15Cr	-15Cr
R&D Expenses	884.66Cr	1.08TCr	1.66TCr	1.82TCr	1.69TCr
Depreciation & Amortization - (IS)	480.48Cr	413.1Cr	423.4Cr	488.73Cr	514.87Cr
Amortization of Goodwill and Intangible Assets - (IS)	33Cr	22Cr	40Cr	144.22Cr	150.16Cr
Other Operating Expenses	454.43Cr	454.13Cr	429.55Cr	432.03Cr	364.3Cr
Other Operating Expenses, Total	19TCr	18TCr	16TCr	15TCr	16TCr
Operating Income	11TCr	10TCr	8.3TCr	4.99TCr	5.46TCr
Interest Expense, Total	-13Cr	-8.75Cr	-12Cr	-10Cr	-17Cr
Interest And Investment Income	584.72Cr	803.98Cr	1.2TCr	1.83TCr	1.86TCr
Net Interest Expenses	571.84Cr	795.23Cr	1.19TCr	1.82TCr	1.84TCr
Income (Loss) On Equity Invest.	-	-	-	-	4.62Cr
Currency Exchange Gains (Loss)	-303.69Cr	166.54Cr	-131.7Cr	28Cr	72Cr
Other Non Operating Income (Expenses)	55Cr	111.15Cr	146.12Cr	46Cr	-362.09Cr
EBT, Excl. Unusual Items	11TCr	11TCr	9.5TCr	6.89TCr	7.01TCr
Impairment of Goodwill	-12Cr	-	-	-	-
Gain (Loss) On Sale Of Investments	576.82Cr	672.08Cr	1.03TCr	299.26Cr	149.25Cr
Gain (Loss) On Sale Of Assets	13Cr	25Cr	2.25Cr	35.18L	1.82Cr
Asset Writedown	-82Cr	-	-	4.02Cr	-23Cr
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	12TCr	12TCr	11TCr	7.19TCr	7.14TCr
Income Tax Expense	2.98TCr	3.42TCr	3.29TCr	1.44TCr	1.47TCr
Earnings From Continuing Operations	8.63TCr	8.69TCr	7.24TCr	5.76TCr	5.68TCr
Net Income to Company	8.63TCr	8.69TCr	7.24TCr	5.76TCr	5.68TCr
Minority Interest	-5.7Cr	70.99L	-11.01L	3.89Cr	18Cr
Net Income - (IS)	8.62TCr	8.69TCr	7.24TCr	5.76TCr	5.69TCr
Net Income to Common Incl Extra Items	8.62TCr	8.69TCr	7.24TCr	5.76TCr	5.69TCr
Net Income to Common Excl. Extra Items	8.62TCr	8.69TCr	7.24TCr	5.76TCr	5.69TCr
Per Share Items
Net EPS - Basic	2.8T	2.86T	2.44T	1.96T	1.93T
Basic EPS - Continuing Operations	2.8T	2.86T	2.44T	1.96T	1.93T
Basic Weighted Average Shares Outstanding	3.08Cr	3.04Cr	2.97Cr	2.95Cr	2.95Cr
Net EPS - Diluted	2.8T	2.86T	2.44T	1.96T	1.93T
Diluted EPS - Continuing Operations	2.8T	2.86T	2.44T	1.96T	1.93T
Diluted Weighted Average Shares Outstanding	3.08Cr	3.04Cr	2.97Cr	2.95Cr	2.95Cr
Normalized Basic EPS	2.26T	2.35T	2T	1.46T	1.49T
Normalized Diluted EPS	2.26T	2.35T	2T	1.46T	1.49T
Dividend Per Share	-	-	370	300	300
Payout Ratio	-	-	-	18.9	15.51
American Depositary Receipts Ratio (ADR)	0.3	0.3	0.3	0.3	0.3
Supplemental Items
EBITDA	11TCr	11TCr	8.79TCr	5.65TCr	6.14TCr
EBITA	11TCr	10TCr	8.34TCr	5.14TCr	5.61TCr
EBIT	11TCr	10TCr	8.3TCr	4.99TCr	5.46TCr
EBITDAR	11TCr	11TCr	8.85TCr	5.7TCr	6.2TCr
Effective Tax Rate - (Ratio)	25.69	28.24	31.26	19.96	20.55
Normalized Net Income	6.94TCr	7.13TCr	5.94TCr	4.31TCr	4.4TCr
Supplemental Operating Expense Items
Advertising Expense	1.62TCr	1.31TCr	1.3TCr	813.98Cr	810.94Cr
Selling and Marketing Expenses	12TCr	11TCr	8.8TCr	6.63TCr	7.88TCr
General and Administrative Expenses	133.46Cr	116.66Cr	89Cr	87Cr	79Cr
Research And Development Expense From Footnotes	884.66Cr	1.08TCr	1.66TCr	1.82TCr	1.69TCr
Net Rental Expense, Total	50Cr	42Cr	55Cr	51Cr	58Cr
Imputed Operating Lease Interest Expense	13Cr	7.29Cr	11Cr	11Cr	18Cr
Imputed Operating Lease Depreciation	37Cr	35Cr	44Cr	41Cr	40Cr
Maintenance & Repair Expenses, Total	2.92Cr	2.1Cr	6.5Cr	2.97Cr	2.86Cr
Stock-Based Comp., SG&A Exp. (Total)	-	386.91Cr	316.7Cr	260.65Cr	67Cr
Total Stock-Based Compensation	-	386.91Cr	316.7Cr	260.65Cr	67Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	8.75TCr	7.29TCr	5.18TCr	8.4TCr	26TCr
Short Term Investments	2.3TCr	6.71TCr	9.35TCr	3.77TCr	7.63TCr
Trading Asset Securities, Total	18TCr	18TCr	19TCr	22TCr	12TCr
Total Cash And Short Term Investments	29TCr	32TCr	33TCr	34TCr	46TCr
Accounts Receivable, Total	3.56TCr	2.7TCr	2.36TCr	3.43TCr	2.16TCr
Other Receivables	230.13Cr	402.66Cr	385.56Cr	497.33Cr	346.94Cr
Notes Receivable	-	-	-	-	-
Total Receivables	3.79TCr	3.1TCr	2.75TCr	3.93TCr	2.5TCr
Inventory	5.29Cr	4.97Cr	3.07Cr	2.83Cr	3.36Cr
Prepaid Expenses	185.86Cr	225.83Cr	445.92Cr	118.46Cr	200.4Cr
Other Current Assets, Total	8.3Cr	25Cr	20Cr	23Cr	6.65Cr
Total Current Assets	33TCr	36TCr	37TCr	38TCr	48TCr
Gross Property Plant And Equipment	6.72TCr	7.91TCr	8.29TCr	9.39TCr	11TCr
Accumulated Depreciation	-2.82TCr	-3TCr	-3.3TCr	-3.55TCr	-3.8TCr
Net Property Plant And Equipment	3.9TCr	4.91TCr	4.99TCr	5.84TCr	7.18TCr
Long-term Investments	11TCr	16TCr	18TCr	20TCr	14TCr
Goodwill	2.82TCr	2.82TCr	2.82TCr	2.82TCr	2.82TCr
Other Intangibles, Total	342.88Cr	322.16Cr	665.3Cr	359.38Cr	190.08Cr
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	926.57Cr	1.56TCr	1.03TCr	906.44Cr	1.08TCr
Other Long-Term Assets, Total	1.55TCr	705.25Cr	868Cr	2.44TCr	2.04TCr
Total Assets	54TCr	62TCr	65TCr	70TCr	75TCr
Liabilities
Accrued Expenses, Total	63Cr	60Cr	60Cr	59Cr	751.68Cr
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	138.33Cr	144.05Cr	207.86Cr	157.12Cr	196.73Cr
Current Income Taxes Payable	2.12TCr	2.34TCr	1.17TCr	843.52Cr	932.33Cr
Unearned Revenue Current, Total	1.97TCr	2.23TCr	1.53TCr	1.95TCr	1.29TCr
Other Current Liabilities	4.95TCr	4.9TCr	3.31TCr	4.26TCr	3.69TCr
Total Current Liabilities	9.24TCr	9.67TCr	6.27TCr	7.27TCr	6.86TCr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	197.27Cr	324.59Cr	285.72Cr	141.99Cr	378.27Cr
Unearned Revenue Non Current	1.19TCr	751.47Cr	530.16Cr	306.39Cr	345.58Cr
Pension & Other Post Retirement Benefits	-	-	-	8.07Cr	16Cr
Other Non Current Liabilities	178.46Cr	185.95Cr	161.06Cr	192.45Cr	228.43Cr
Total Liabilities	11TCr	11TCr	7.25TCr	7.92TCr	7.83TCr
Common Stock, Total	1.77TCr	1.77TCr	1.77TCr	1.77TCr	1.77TCr
Additional Paid In Capital	15TCr	15TCr	15TCr	15TCr	15TCr
Retained Earnings	32TCr	41TCr	48TCr	52TCr	57TCr
Treasury Stock	-5.6TCr	-7.55TCr	-8.56TCr	-8.03TCr	-8.03TCr
Comprehensive Income and Other	2.72Cr	324.36Cr	692.78Cr	1.09TCr	1.24TCr
Total Common Equity	43TCr	50TCr	57TCr	62TCr	67TCr
Minority Interest	35Cr	185.87Cr	224.54Cr	220.81Cr	209.89Cr
Total Equity	43TCr	51TCr	57TCr	62TCr	67TCr
Total Liabilities And Equity	54TCr	62TCr	65TCr	70TCr	75TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.06Cr	2.99Cr	2.95Cr	2.95Cr	2.95Cr
ECS Total Common Shares Outstanding	3.06Cr	2.99Cr	2.95Cr	2.95Cr	2.95Cr
Book Value / Share	14.18T	16.83T	19.42T	21.1T	22.76T
Tangible Book Value	40TCr	47TCr	54TCr	59TCr	64TCr
Tangible Book Value Per Share	13.15T	15.78T	18.23T	20.02T	21.73T
Total Debt	335.6Cr	468.64Cr	493.59Cr	299.12Cr	575Cr
Net Debt	-29TCr	-32TCr	-33TCr	-34TCr	-45TCr
Debt Equivalent Oper. Leases	396.01Cr	335.26Cr	442.65Cr	408.95Cr	467.37Cr
Minority Interest, Total (Incl. Fin. Div)	35Cr	185.87Cr	224.54Cr	220.81Cr	209.89Cr
Equity Method Investments, Total	-	-	-	-	5.62Cr
Inventories - Others	5.29Cr	4.97Cr	3.07Cr	2.83Cr	3.36Cr
Land - (BS)	1.01TCr	1.27TCr	1.33TCr	1.41TCr	1.97TCr
Buildings, Total	2.85TCr	3.53TCr	3.68TCr	3.87TCr	5.18TCr
Machinery, Total	2.04TCr	2.14TCr	2.25TCr	2.39TCr	2.63TCr
Accumulated Allowance for Doubtful Accounts (Supple)	71Cr	201.63Cr	213.71Cr	198.9Cr	186.27Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	8.62TCr	8.69TCr	7.24TCr	5.76TCr	5.69TCr
Depreciation & Amortization - CF	509.51Cr	439.14Cr	450.28Cr	516.2Cr	537.87Cr
Amortization of Goodwill and Intangible Assets - (CF)	37Cr	26Cr	43Cr	146.66Cr	151.53Cr
Depreciation & Amortization, Total	546.17Cr	465.22Cr	493.33Cr	662.86Cr	689.4Cr
(Gain) Loss From Sale Of Asset	-13Cr	-25Cr	-2.25Cr	-35.18L	-1.82Cr
(Gain) Loss on Sale of Investments - (CF)	-576.82Cr	-672.08Cr	-1.03TCr	-299.26Cr	-149.25Cr
Asset Writedown & Restructuring Costs	94Cr	-	-	-4.02Cr	23Cr
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-4.62Cr
Stock-Based Compensation (CF)	-3L	441.61Cr	385.49Cr	325.9Cr	80Cr
Provision and Write-off of Bad Debts	-65Cr	96Cr	11Cr	-15Cr	-15Cr
Other Operating Activities, Total	1.95TCr	-241.33Cr	-271.92Cr	-111.94Cr	435.23Cr
Change In Accounts Receivable	-131.04Cr	744.84Cr	245.5Cr	-803.5Cr	1.33TCr
Change In Inventories	-88.31L	-11.56L	-4.89Cr	11.59L	-59.97L
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	3.12TCr	-679.61Cr	-3.13TCr	484.54Cr	-835.97Cr
Cash from Operations	14TCr	8.82TCr	3.94TCr	6TCr	7.24TCr
Capital Expenditure	-114.4Cr	-284.93Cr	-160.88Cr	-2.11TCr	-1.16TCr
Sale of Property, Plant, and Equipment	4.57Cr	11Cr	98.14L	37.86L	91.72L
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-236.24Cr	-5.25Cr	-383.77Cr	-6.64Cr	-4.62Cr
Investment in Marketable and Equity Securities, Total	-8.25TCr	-7.93TCr	-4.3TCr	833.47Cr	13TCr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-520	1.32T	160	-260.19Cr	-80Cr
Cash from Investing	-8.6TCr	-8.21TCr	-4.84TCr	-1.54TCr	11TCr
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-133.56Cr	-146.09Cr	-150.61Cr	-197.86Cr	-191.39Cr
Total Debt Repaid	-133.56Cr	-146.09Cr	-150.61Cr	-197.86Cr	-191.39Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-729.99Cr	-1.95TCr	-1.01TCr	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-1.09TCr	-882.92Cr
Common & Preferred Stock Dividends Paid	-	-	-	-1.09TCr	-882.92Cr
Other Financing Activities, Total	14Cr	-420	50	220	6.4Cr
Cash from Financing	-849.96Cr	-2.1TCr	-1.16TCr	-1.29TCr	-1.07TCr
Foreign Exchange Rate Adjustments	-182.06Cr	25Cr	-45Cr	48Cr	41Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	3.91TCr	-1.47TCr	-2.11TCr	3.22TCr	18TCr
Supplemental Items
Cash Interest Paid	13Cr	8.45Cr	12Cr	10Cr	17Cr
Cash Income Tax Paid (Refund)	1.83TCr	3.87TCr	3.99TCr	1.61TCr	1.52TCr
Levered Free Cash Flow	12TCr	8.07TCr	2.12TCr	2.11TCr	3.9TCr
Unlevered Free Cash Flow	12TCr	8.08TCr	2.13TCr	2.12TCr	3.91TCr
Change In Net Working Capital	-4.79TCr	-1.06TCr	3.32TCr	-192.77Cr	-908.59Cr
Net Debt Issued / Repaid	-133.56Cr	-146.09Cr	-150.61Cr	-197.86Cr	-191.39Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	14.1	11.15	8.22	4.62	4.69
Return on Total Capital	16.9	13.62	9.52	5.17	5.22
Return On Equity %	21.83	18.47	13.4	9.61	8.75
Return on Common Equity	21.83	18.51	13.45	9.65	8.81
Margin Analysis
Gross Profit Margin %	99.99	99.99	99.97	99.98	99.99
SG&A Margin	57.1	56.45	55.1	59.97	61.99
EBITDA Margin %	38.54	37.92	36.32	28.8	28.61
EBITA Margin %	36.81	36.38	34.46	26.17	26.11
EBIT Margin %	36.69	36.28	34.28	25.42	25.4
Income From Continuing Operations Margin %	29.33	30.5	29.9	29.33	26.43
Net Income Margin %	29.31	30.5	29.9	29.35	26.51
Net Avail. For Common Margin %	29.31	30.5	29.9	29.35	26.51
Normalized Net Income Margin	23.6	25.03	24.53	21.95	20.5
Levered Free Cash Flow Margin	39.86	28.35	8.76	10.76	18.16
Unlevered Free Cash Flow Margin	39.89	28.37	8.79	10.79	18.21
Asset Turnover
Asset Turnover	0.61	0.49	0.38	0.29	0.3
Fixed Assets Turnover	7.32	6.47	4.9	3.63	3.3
Receivables Turnover (Average Receivables)	8.45	9.11	9.57	6.78	7.69
Inventory Turnover (Average Inventory)	0.58	0.41	1.62	1.01	0.93
Short Term Liquidity
Current Ratio	3.61	3.67	5.84	5.26	7.03
Quick Ratio	3.59	3.65	5.76	5.24	7
Operating Cash Flow to Current Liabilities	1.47	0.91	0.63	0.83	1.06
Days Sales Outstanding (Average Receivables)	43.29	40.06	38.13	53.84	47.59
Days Outstanding Inventory (Average Inventory)	629.7	892.6	225.69	361.98	395.67
Long Term Solvency
Total Debt/Equity	0.77	0.93	0.86	0.48	0.85
Total Debt / Total Capital	0.77	0.92	0.85	0.48	0.85
LT Debt/Equity	0.45	0.64	0.5	0.23	0.56
Long-Term Debt / Total Capital	0.45	0.64	0.49	0.23	0.56
Total Liabilities / Total Assets	19.9	17.77	11.21	11.26	10.43
EBIT / Interest Expense	837.81	1.18T	675.14	485.94	323.99
EBITDA / Interest Expense	880.22	1.23T	715.27	550.49	364.93
(EBITDA - Capex) / Interest Expense	871.34	1.2T	702.18	344.94	296.06
Total Debt / EBITDA	0.03	0.04	0.06	0.05	0.09
Net Debt / EBITDA	-2.56	-2.94	-3.74	-5.99	-7.31
Total Debt / (EBITDA - Capex)	0.03	0.04	0.06	0.08	0.12
Net Debt / (EBITDA - Capex)	-2.59	-3.02	-3.81	-9.56	-9.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	67.05	-3.17	-14.97	-18.94	9.4
Gross Profit, 1 Yr. Growth %	67.06	-3.16	-14.99	-18.93	9.4
EBITDA, 1 Yr. Growth %	90.76	-4.74	-18.56	-35.71	8.69
EBITA, 1 Yr. Growth %	101.11	-4.31	-19.46	-38.43	9.15
EBIT, 1 Yr. Growth %	108.34	-4.23	-19.67	-39.88	9.32
Earnings From Cont. Operations, 1 Yr. Growth %	104.54	0.69	-16.65	-20.48	-1.42
Net Income, 1 Yr. Growth %	102.33	0.76	-16.65	-20.42	-1.17
Normalized Net Income, 1 Yr. Growth %	88.66	2.74	-16.7	-27.44	2.15
Diluted EPS Before Extra, 1 Yr. Growth %	104.67	2.14	-14.71	-19.9	-1.18
Accounts Receivable, 1 Yr. Growth %	4.52	-24.18	-12.36	45.08	-37.09
Inventory, 1 Yr. Growth %	11.37	-6.09	-38.31	-7.67	18.63
Net Property, Plant and Equip., 1 Yr. Growth %	-5.6	25.73	1.61	17.05	23.07
Total Assets, 1 Yr. Growth %	31.1	13.37	5.14	8.69	6.81
Tangible Book Value, 1 Yr. Growth %	23.99	17.36	13.67	9.8	8.57
Common Equity, 1 Yr. Growth %	22.23	16.05	13.5	8.67	7.86
Cash From Operations, 1 Yr. Growth %	591.94	-34.91	-55.34	52.39	20.74
Capital Expenditures, 1 Yr. Growth %	-56.34	149.05	-43.54	1.21T	-45.07
Levered Free Cash Flow, 1 Yr. Growth %	1.61T	-31.13	-73.72	-0.45	84.71
Unlevered Free Cash Flow, 1 Yr. Growth %	1.58T	-31.13	-73.65	-0.51	84.64
Dividend Per Share, 1 Yr. Growth %	-	-	-	-18.92	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.92	27.19	-9.26	-16.98	-5.83
Gross Profit, 2 Yr. CAGR %	15.92	27.19	-9.27	-16.98	-5.82
EBITDA, 2 Yr. CAGR %	22.12	34.8	-11.92	-27.65	-16.41
EBITA, 2 Yr. CAGR %	23.09	38.72	-12.21	-29.58	-18.02
EBIT, 2 Yr. CAGR %	25.17	41.26	-12.29	-30.51	-18.93
Earnings From Cont. Operations, 2 Yr. CAGR %	31.18	43.51	-8.39	-18.58	-11.46
Net Income, 2 Yr. CAGR %	30.85	42.78	-8.36	-18.56	-11.32
Normalized Net Income, 2 Yr. CAGR %	20.76	39.22	-7.49	-22.25	-13.9
Diluted EPS Before Extra, 2 Yr. CAGR %	31.98	44.58	-6.67	-17.35	-11.03
Accounts Receivable, 2 Yr. CAGR %	9.35	-10.98	-18.48	12.76	-4.47
Inventory, 2 Yr. CAGR %	-33.04	2.27	-23.89	-24.53	4.66
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.39	8.94	13.03	9.06	20.02
Total Assets, 2 Yr. CAGR %	16.95	21.91	9.18	6.9	7.74
Tangible Book Value, 2 Yr. CAGR %	19.7	20.63	15.5	11.72	9.18
Common Equity, 2 Yr. CAGR %	17.7	19.1	14.77	11.06	8.26
Cash From Operations, 2 Yr. CAGR %	28.38	112.22	-46.08	-17.5	35.64
Capital Expenditures, 2 Yr. CAGR %	-36.24	4.27	18.59	172.19	168.47
Levered Free Cash Flow, 2 Yr. CAGR %	33.62	242.97	-57.46	-48.86	35.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	33.66	240.62	-57.4	-48.8	35.54
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-9.96
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	20.94	9.17	11.21	-12.61	-8.98
Gross Profit, 3 Yr. CAGR %	20.94	9.17	11.21	-12.61	-8.98
EBITDA, 3 Yr. CAGR %	29.1	12.42	13.96	-20.7	-17.13
EBITA, 3 Yr. CAGR %	30.29	13.18	15.73	-22	-18.51
EBIT, 3 Yr. CAGR %	35.04	14.49	17.03	-22.66	-19.18
Earnings From Cont. Operations, 3 Yr. CAGR %	42.26	20.11	19.74	-12.61	-13.22
Net Income, 3 Yr. CAGR %	41.75	19.94	19.33	-12.57	-13.13
Normalized Net Income, 3 Yr. CAGR %	31.99	14.43	17.31	-14.68	-14.85
Diluted EPS Before Extra, 3 Yr. CAGR %	42.66	21.17	21.26	-11.3	-12.27
Accounts Receivable, 3 Yr. CAGR %	15.38	-3.22	-11.44	-1.21	-7.17
Inventory, 3 Yr. CAGR %	-30.73	-25.05	-13.59	-18.83	-12.25
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.73	7.65	6.44	14.36	13.54
Total Assets, 3 Yr. CAGR %	18.82	15.74	16.04	9.01	6.87
Tangible Book Value, 3 Yr. CAGR %	20.75	18.91	18.26	13.57	10.66
Common Equity, 3 Yr. CAGR %	17.29	17.15	17.2	12.7	9.98
Cash From Operations, 3 Yr. CAGR %	53.15	2.37	26.24	-23.77	-6.33
Capital Expenditures, 3 Yr. CAGR %	-49.54	0.42	-15.01	164.25	59.66
Levered Free Cash Flow, 3 Yr. CAGR %	86.17	7.14	45.65	-43.53	-21.53
Unlevered Free Cash Flow, 3 Yr. CAGR %	86.17	7.16	45.13	-43.48	-21.48
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.96	5.3	7.81	-2.15	4.05
Gross Profit, 5 Yr. CAGR %	3.96	5.31	7.81	-2.16	4.05
EBITDA, 5 Yr. CAGR %	7.73	11.68	10.79	-5.75	0.67
EBITA, 5 Yr. CAGR %	7.47	12.04	11.26	-6.39	0.82
EBIT, 5 Yr. CAGR %	8.79	14.08	13.63	-6.24	1.05
Earnings From Cont. Operations, 5 Yr. CAGR %	7.45	14.12	19.3	2.81	6.12
Net Income, 5 Yr. CAGR %	7.34	13.96	19.05	2.73	5.97
Normalized Net Income, 5 Yr. CAGR %	8.43	14.24	14.5	-1.96	3.66
Diluted EPS Before Extra, 5 Yr. CAGR %	7.96	14.88	20.39	3.98	7.13
Accounts Receivable, 5 Yr. CAGR %	1.93	-0.43	0.41	2.88	-8.71
Inventory, 5 Yr. CAGR %	-	-5.41	-28.07	-24.84	-6.71
Net Property, Plant and Equip., 5 Yr. CAGR %	4.59	8.35	3.93	8.21	11.68
Total Assets, 5 Yr. CAGR %	14.34	15.32	14.87	12.12	12.65
Tangible Book Value, 5 Yr. CAGR %	21.32	19.15	18.63	15.98	14.54
Common Equity, 5 Yr. CAGR %	16.8	16.1	16.27	14.67	13.54
Cash From Operations, 5 Yr. CAGR %	6.08	13.13	0.87	-6.1	29.92
Capital Expenditures, 5 Yr. CAGR %	-11.23	-3.09	-28.98	49.63	34.64
Levered Free Cash Flow, 5 Yr. CAGR %	6.69	27.22	3.14	-20.3	41.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	6.71	27.24	3.2	-20.25	41.21