Cash flow Tsingtao Brewery Company Limited Hong Kong S.E.

Equities

168 CNE1000004K1

Brewers

Market Closed - Hong Kong S.E. Other stock markets 03:08:20 2025-12-16 EST			5-day change	1st Jan Change
50.85 ^HKD	-0.97%		-3.05%	-10.48%

10-27	Tsingtao Brewery's Q3 Profit Rises 2%; Hong Kong Shares Down 3%	MT
10-27	Tsingtao Brewery Q3 net profit up 1.6% y/y	RE

efcd4bf2ea4f17ef6ac5fa3e2156a.fEmzflo7MrjXAhMmgqS4d_5Jpl5VcN4iQXfOLoRvEP0.TnDcDmoMeveRbmFjtpLzAMYi_y4NSK8UMS-YA70kR8oaKPo9L1Qfi6JQSg

Published financial data: TSINGTAO BREWERY COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	27.34B	29.67B	31.7B	33.41B	31.58B
Other Revenues, Total	422M	494M	474M	531M	559M
Total Revenues	27.76B	30.17B	32.17B	33.94B	32.14B
Cost of Goods Sold, Total	16.58B	19.18B	20.4B	20.92B	19.29B
Gross Profit	11.18B	10.98B	11.77B	13.02B	12.85B
Selling General & Admin Expenses, Total	6.64B	5.73B	5.62B	6.16B	5.97B
Provision for Bad Debts	-443K	9.91M	-252K	-676K	238K
R&D Expenses	21.47M	30.89M	62.95M	101M	82.54M
Other Operating Expenses	2.22B	2.32B	2.39B	2.39B	2.3B
Other Operating Expenses, Total	8.88B	8.09B	8.07B	8.65B	8.35B
Operating Income	2.3B	2.89B	3.7B	4.38B	4.5B
Interest Expense, Total	-19.13M	-29.09M	-16.68M	-16.43M	-21.84M
Interest And Investment Income	549M	502M	630M	678M	735M
Net Interest Expenses	530M	473M	613M	662M	713M
Currency Exchange Gains (Loss)	-11.85M	-8.72M	12.2M	-2.86M	-2.55M
Other Non Operating Income (Expenses)	-2.51M	-4.34M	6.52M	-17.79M	-2.22M
EBT, Excl. Unusual Items	2.81B	3.35B	4.33B	5.02B	5.21B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	55.09M	253M	164M	230M	200M
Gain (Loss) On Sale Of Assets	-5.2M	482M	-9.52M	179M	4.27M
Asset Writedown	-131M	-189M	-26.12M	-79.53M	-35.75M
Other Unusual Items	507M	580M	548M	401M	508M
EBT, Incl. Unusual Items	3.24B	4.48B	5.01B	5.75B	5.88B
Income Tax Expense	913M	1.22B	1.2B	1.4B	1.39B
Earnings From Continuing Operations	2.33B	3.26B	3.8B	4.35B	4.49B
Net Income to Company	2.33B	3.26B	3.8B	4.35B	4.49B
Minority Interest	-126M	-101M	-94.09M	-80.35M	-147M
Net Income - (IS)	2.2B	3.16B	3.71B	4.27B	4.34B
Preferred Dividend and Other Adjustments	-	10.03M	9.78M	7.97M	193K
Net Income to Common Incl Extra Items	2.2B	3.15B	3.7B	4.26B	4.34B
Net Income to Common Excl. Extra Items	2.2B	3.15B	3.7B	4.26B	4.34B
Per Share Items
Net EPS - Basic	1.63	2.33	2.74	3.14	3.19
Basic EPS - Continuing Operations	1.63	2.33	2.74	3.14	3.19
Basic Weighted Average Shares Outstanding	1.35B	1.35B	1.35B	1.36B	1.36B
Net EPS - Diluted	1.63	2.32	2.73	3.13	3.19
Diluted EPS - Continuing Operations	1.63	2.32	2.73	3.13	3.19
Diluted Weighted Average Shares Outstanding	1.35B	1.36B	1.36B	1.36B	1.36B
Normalized Basic EPS	1.21	1.48	1.93	2.25	2.28
Normalized Diluted EPS	1.21	1.47	1.92	2.24	2.28
Dividend Per Share	0.75	1.1	1.3	2	2.2
Payout Ratio	33.83	33.07	40.73	58.06	63.12
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	3.36B	3.91B	4.68B	5.39B	5.54B
EBITA	2.46B	3.01B	3.79B	4.46B	4.57B
EBIT	2.3B	2.89B	3.7B	4.38B	4.5B
EBITDAR	3.54B	4.12B	4.89B	5.62B	5.77B
Total Revenues (As Reported)	-	-	32.17B	33.94B	-
Effective Tax Rate - (Ratio)	28.17	27.3	24	24.33	23.63
Current Domestic Taxes	1.19B	1.6B	1.25B	1.17B	1.28B
Total Current Taxes	1.19B	1.6B	1.25B	1.17B	1.28B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-280M	-377M	-43.94M	231M	108M
Normalized Net Income	1.63B	1.99B	2.61B	3.05B	3.11B
Interest on Long-Term Debt	5.47M	6.41M	7.44M	-	6.04M
Non-Cash Pension Expense	44.12M	39.59M	50.84M	73.94M	71.6M
Supplemental Operating Expense Items
Advertising Expense	912M	1.17B	1.28B	1.64B	1.48B
Selling and Marketing Expenses	4.9B	3.96B	4.07B	4.58B	4.52B
General and Administrative Expenses	1.64B	1.65B	1.43B	1.47B	1.34B
Research And Development Expense From Footnotes	21.47M	30.89M	62.95M	101M	103M
Net Rental Expense, Total	174M	206M	214M	230M	232M
Imputed Operating Lease Interest Expense	44.58M	75.74M	73.16M	124M	361M
Imputed Operating Lease Depreciation	129M	131M	141M	106M	-130M
Maintenance & Repair Expenses, Total	387M	91.55M	84.14M	397M	429M
Stock-Based Comp., R&D Exp. (Total)	-	-	4.57M	2.23M	471K
Stock-Based Comp., G&A Exp. (Total)	128M	245M	173M	82.48M	23.87M
Total Stock-Based Compensation	128M	245M	177M	84.71M	24.34M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	18.48B	14.61B	17.87B	19.29B	17.99B
Short Term Investments	-	6.31B	5.12B	3.58B	160M
Trading Asset Securities, Total	1.89B	2.78B	2.68B	1.92B	2.02B
Total Cash And Short Term Investments	20.37B	23.7B	25.67B	24.8B	20.17B
Accounts Receivable, Total	125M	125M	124M	100M	102M
Other Receivables	30.76M	621M	633M	146M	31.88M
Notes Receivable	100M	340M	621M	-	130M
Total Receivables	256M	1.09B	1.38B	246M	264M
Inventory	3.28B	3.49B	4.15B	3.54B	3.58B
Other Current Assets, Total	725M	683M	798M	1.03B	1.18B
Total Current Assets	24.63B	28.96B	32B	29.61B	25.19B
Gross Property Plant And Equipment	20.17B	20.67B	21.49B	22.01B	23.25B
Accumulated Depreciation	-9.36B	-9.6B	-9.88B	-10.26B	-10.7B
Net Property Plant And Equipment	10.81B	11.08B	11.61B	11.75B	12.55B
Long-term Investments	375M	367M	369M	1.79B	7.48B
Goodwill	1.31B	1.31B	1.31B	1.31B	1.31B
Other Intangibles, Total	2.5B	2.48B	2.56B	2.49B	2.68B
Deferred Tax Assets Long-Term	1.72B	2.13B	2.25B	2.03B	1.93B
Deferred Charges Long-Term	86.26M	127M	102M	111M	85.7M
Other Long-Term Assets, Total	85.98M	113M	117M	167M	191M
Total Assets	41.51B	46.56B	50.31B	49.26B	51.42B
Liabilities
Accounts Payable, Total	2.3B	3.24B	3.6B	2.76B	2.93B
Accrued Expenses, Total	3.16B	3.19B	3.57B	3.41B	2.77B
Short-term Borrowings	703M	246M	225M	-	-
Current Portion of Long-Term Debt	216K	-	-	-	-
Current Portion of Leases	41.87M	48.43M	49.26M	50.25M	42.06M
Current Income Taxes Payable	246M	475M	191M	130M	166M
Unearned Revenue Current, Total	6.57B	8.12B	8.91B	7.69B	8.31B
Other Current Liabilities	2.48B	2.94B	3.13B	2.88B	3.3B
Total Current Liabilities	15.51B	18.26B	19.67B	16.92B	17.52B
Long-Term Debt	-	-	-	-	-
Long-Term Leases	116M	113M	98.4M	63.39M	68.24M
Unearned Revenue Non Current	2.9B	3.21B	3.13B	2.89B	2.95B
Pension & Other Post Retirement Benefits	991M	991M	918M	877M	747M
Deferred Tax Liability Non Current	168M	171M	202M	238M	260M
Other Non Current Liabilities	462M	24.54M	16.28M	16.21M	16.09M
Total Liabilities	20.15B	22.77B	24.04B	21B	21.56B
Common Stock, Total	1.36B	1.36B	1.36B	1.36B	1.36B
Additional Paid In Capital	3.68B	3.96B	4.15B	4.21B	4.2B
Retained Earnings	15.88B	18.01B	20.22B	22.04B	23.65B
Treasury Stock	-280M	-273M	-172M	-77.64M	-1.5M
Comprehensive Income and Other	-19.85M	-59.63M	-75.8M	-81.06M	-154M
Total Common Equity	20.62B	23B	25.49B	27.45B	29.06B
Minority Interest	746M	792M	777M	805M	799M
Total Equity	21.37B	23.79B	26.27B	28.25B	29.86B
Total Liabilities And Equity	41.51B	46.56B	50.31B	49.26B	51.42B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.36B	1.36B	1.36B	1.36B	1.36B
ECS Total Common Shares Outstanding	1.36B	1.36B	1.36B	1.36B	1.36B
Book Value / Share	15.12	16.86	18.69	20.12	21.3
Tangible Book Value	16.81B	19.21B	21.63B	23.65B	25.07B
Tangible Book Value Per Share	12.32	14.08	15.85	17.34	18.38
Total Debt	861M	407M	373M	114M	110M
Net Debt	-19.5B	-23.29B	-25.3B	-24.69B	-20.06B
Debt Equivalent of Unfunded Proj. Benefit Obligation	561M	626M	654M	664M	557M
Debt Equivalent Oper. Leases	1.39B	1.65B	1.71B	1.84B	1.85B
Minority Interest, Total (Incl. Fin. Div)	746M	792M	777M	805M	799M
Equity Method Investments, Total	374M	366M	368M	365M	392M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.58B	1.56B	1.55B	1.47B	1.58B
Inventories - Work In Process, Total	431M	403M	470M	530M	478M
Inventories - Finished Goods, Total	1.27B	1.54B	2.13B	1.54B	1.52B
Buildings, Total	7.36B	7.36B	7.91B	8.11B	8.68B
Machinery, Total	12.25B	12.29B	12.86B	13.15B	13.69B
Full Time Employees	35.68K	32.95K	31.71K	30.69K	29.87K
Accumulated Allowance for Doubtful Accounts (Supple)	183M	181M	178M	177M	167M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	2.2B	3.16B	3.71B	4.27B	4.34B
Depreciation & Amortization - CF	941M	955M	939M	987M	1.03B
Amortization of Goodwill and Intangible Assets - (CF)	164M	114M	89.75M	85.64M	73.68M
Depreciation & Amortization, Total	1.11B	1.07B	1.03B	1.07B	1.1B
Amortization of Deferred Charges, Total - (CF)	57.47M	75.15M	97.05M	110M	137M
(Gain) Loss From Sale Of Asset	5.2M	-482M	9.52M	-179M	-4.27M
(Gain) Loss on Sale of Investments - (CF)	-80.34M	-440M	-334M	-402M	-317M
Asset Writedown & Restructuring Costs	131M	189M	26.12M	82.85M	35.75M
Stock-Based Compensation (CF)	-	245M	177M	84.71M	24.34M
Provision and Write-off of Bad Debts	-553K	2.09M	-77.3K	-676K	238K
Other Operating Activities, Total	-437M	-577M	-714M	-683M	-753M
Change In Accounts Receivable	65.87M	25.27M	-106M	-205M	-155M
Change In Inventories	-101M	-220M	-662M	607M	-39.57M
Change In Accounts Payable	2.29B	3.38B	1.69B	-2.21B	669M
Change In Deferred Taxes	-280M	-377M	-43.94M	231M	108M
Cash from Operations	4.95B	6.04B	4.88B	2.78B	5.15B
Capital Expenditure	-1.3B	-1.63B	-1.78B	-1.62B	-2.14B
Sale of Property, Plant, and Equipment	20.46M	33.03M	42.14M	722M	200M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-470M	-9.18B	-1.11B	-3.3B	-6.62B
Other Investing Activities, Total	257M	537M	651M	728M	1.14B
Cash from Investing	-1.49B	-10.25B	-2.2B	-3.46B	-7.42B
Short Term Debt Issued, Total	-	251M	229M	-	-
Long-Term Debt Issued, Total	720M	-	-	-	-
Total Debt Issued	720M	251M	229M	-	-
Short Term Debt Repaid, Total	-	-702M	-271M	-219M	-
Long-Term Debt Repaid, Total	-323M	-56.29M	-55.26M	-56.64M	-59.53M
Total Debt Repaid	-323M	-758M	-326M	-276M	-59.53M
Issuance of Common Stock	282M	6.23M	-	-	-
Repurchase of Common Stock	-	-	-	-510K	-
Common Dividends Paid	-745M	-1.04B	-1.51B	-2.48B	-2.74B
Common & Preferred Stock Dividends Paid	-745M	-1.04B	-1.51B	-2.48B	-2.74B
Other Financing Activities, Total	-290M	-69.98M	-67.12M	-113M	-181M
Cash from Financing	-356M	-1.61B	-1.68B	-2.87B	-2.98B
Foreign Exchange Rate Adjustments	-23.86M	-9.09M	22.17M	5.68M	4.19M
Net Change in Cash	3.09B	-5.83B	1.03B	-3.55B	-5.25B
Supplemental Items
Cash Income Tax Paid (Refund)	4.93B	5.33B	5.63B	6.22B	5.64B
Levered Free Cash Flow	3.02B	3.75B	2.19B	1.36B	2.33B
Unlevered Free Cash Flow	3.03B	3.76B	2.2B	1.37B	2.34B
Change In Net Working Capital	-1.6B	-2.2B	-367M	1.01B	-404M
Net Debt Issued / Repaid	397M	-506M	-97.39M	-276M	-59.53M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.64	4.11	4.77	5.49	5.58
Return on Total Capital	6.76	7.79	9.09	9.94	9.64
Return On Equity %	11.27	14.42	15.2	15.95	15.46
Return on Common Equity	11.06	14.42	15.26	16.09	15.38
Margin Analysis
Gross Profit Margin %	40.28	36.41	36.58	38.37	39.97
SG&A Margin	23.94	18.99	17.46	18.15	18.57
EBITDA Margin %	12.11	12.96	14.54	15.89	17.25
EBITA Margin %	8.87	9.97	11.77	13.14	14.22
EBIT Margin %	8.28	9.59	11.49	12.89	14
Income From Continuing Operations Margin %	8.38	10.79	11.83	12.81	13.98
Net Income Margin %	7.93	10.46	11.53	12.58	13.52
Net Avail. For Common Margin %	7.93	10.43	11.5	12.55	13.52
Normalized Net Income Margin	5.88	6.61	8.12	9	9.67
Levered Free Cash Flow Margin	10.89	12.41	6.81	4.01	7.24
Unlevered Free Cash Flow Margin	10.93	12.47	6.84	4.04	7.28
Asset Turnover
Asset Turnover	0.7	0.69	0.66	0.68	0.64
Fixed Assets Turnover	2.61	2.76	2.84	2.91	2.65
Receivables Turnover (Average Receivables)	155.63	237.3	254.57	297.61	311.41
Inventory Turnover (Average Inventory)	5.13	5.66	5.34	5.44	5.42
Short Term Liquidity
Current Ratio	1.59	1.59	1.63	1.75	1.44
Quick Ratio	1.32	1.34	1.34	1.48	1.16
Operating Cash Flow to Current Liabilities	0.32	0.33	0.25	0.16	0.29
Days Sales Outstanding (Average Receivables)	2.35	1.54	1.43	1.23	1.18
Days Outstanding Inventory (Average Inventory)	71.35	64.45	68.39	67.12	67.5
Average Days Payable Outstanding	51.03	55.36	59.2	53.97	53.82
Cash Conversion Cycle (Average Days)	22.67	10.62	10.62	14.37	14.86
Long Term Solvency
Total Debt/Equity	4.03	1.71	1.42	0.4	0.37
Total Debt / Total Capital	3.87	1.68	1.4	0.4	0.37
LT Debt/Equity	0.54	0.47	0.37	0.22	0.23
Long-Term Debt / Total Capital	0.52	0.47	0.37	0.22	0.23
Total Liabilities / Total Assets	48.53	48.9	47.78	42.64	41.93
EBIT / Interest Expense	120.12	99.46	221.64	266.28	205.97
EBITDA / Interest Expense	177.89	136.21	283.29	331.54	256.51
(EBITDA - Capex) / Interest Expense	110.19	80.01	176.58	233.09	158.46
Total Debt / EBITDA	0.25	0.1	0.08	0.02	0.02
Net Debt / EBITDA	-5.73	-5.88	-5.35	-4.53	-3.58
Total Debt / (EBITDA - Capex)	0.41	0.17	0.13	0.03	0.03
Net Debt / (EBITDA - Capex)	-9.25	-10.01	-8.59	-6.45	-5.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.8	8.67	6.65	5.49	-5.3
Gross Profit, 1 Yr. Growth %	2.93	12.75	7.15	10.63	-1.53
EBITDA, 1 Yr. Growth %	27.85	16.22	19.24	15.3	2.77
EBITA, 1 Yr. Growth %	41.88	22.11	25.36	17.79	2.48
EBIT, 1 Yr. Growth %	46.29	25.87	27.19	18.33	2.81
Earnings From Cont. Operations, 1 Yr. Growth %	20.62	39.94	16.84	14.28	3.3
Net Income, 1 Yr. Growth %	18.86	43.34	17.59	15.02	1.81
Normalized Net Income, 1 Yr. Growth %	32.14	22.17	30.91	16.98	1.7
Diluted EPS Before Extra, 1 Yr. Growth %	18.68	42.82	17.38	14.84	1.73
Accounts Receivable, 1 Yr. Growth %	-44.66	-0.18	-0.66	-19.1	2.02
Inventory, 1 Yr. Growth %	3.12	6.46	18.87	-14.75	1.03
Net Property, Plant and Equip., 1 Yr. Growth %	3.27	2.48	4.77	1.23	6.82
Total Assets, 1 Yr. Growth %	11.26	12.16	8.05	-2.1	4.39
Tangible Book Value, 1 Yr. Growth %	9.83	14.29	12.57	9.34	6
Common Equity, 1 Yr. Growth %	7.57	11.54	10.84	7.67	5.87
Cash From Operations, 1 Yr. Growth %	23.33	22	-19.27	-43.07	85.58
Capital Expenditures, 1 Yr. Growth %	12.11	26.24	8.88	-9.12	32.35
Levered Free Cash Flow, 1 Yr. Growth %	45.97	23.87	-41.66	-38.01	69.47
Unlevered Free Cash Flow, 1 Yr. Growth %	45.85	23.98	-41.67	-37.7	69.2
Dividend Per Share, 1 Yr. Growth %	36.36	46.67	18.18	53.85	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.2	3.83	7.65	6.06	-0.05
Gross Profit, 2 Yr. CAGR %	5.84	0.55	9.92	8.88	4.47
EBITDA, 2 Yr. CAGR %	16.06	21.91	17.92	17.25	8.86
EBITA, 2 Yr. CAGR %	24.43	31.65	23.99	21.51	9.87
EBIT, 2 Yr. CAGR %	28.35	35.72	26.82	22.68	10.3
Earnings From Cont. Operations, 2 Yr. CAGR %	22.09	29.92	27.87	15.56	8.65
Net Income, 2 Yr. CAGR %	24.41	30.53	29.83	16.3	8.21
Normalized Net Income, 2 Yr. CAGR %	23.54	27.06	26.46	23.75	9.07
Diluted EPS Before Extra, 2 Yr. CAGR %	24.32	30.19	29.48	16.1	8.09
Accounts Receivable, 2 Yr. CAGR %	-12.78	-25.68	-0.42	-10.36	-9.15
Inventory, 2 Yr. CAGR %	11.25	4.78	12.49	0.67	-7.19
Net Property, Plant and Equip., 2 Yr. CAGR %	0.62	2.88	3.62	2.99	3.99
Total Assets, 2 Yr. CAGR %	10.38	11.71	10.09	2.85	1.1
Tangible Book Value, 2 Yr. CAGR %	9.33	12.04	13.43	10.94	7.66
Common Equity, 2 Yr. CAGR %	7.12	9.53	11.19	9.24	6.76
Cash From Operations, 2 Yr. CAGR %	11.39	22.66	-0.76	-32.2	2.79
Capital Expenditures, 2 Yr. CAGR %	30.39	18.96	17.24	-0.53	9.67
Levered Free Cash Flow, 2 Yr. CAGR %	13.48	34.48	-14.9	-39.8	3.25
Unlevered Free Cash Flow, 2 Yr. CAGR %	13.5	34.48	-14.86	-39.72	3.42
Dividend Per Share, 2 Yr. CAGR %	25	41.42	31.66	34.84	30.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.85	4.32	4.76	6.93	2.13
Gross Profit, 3 Yr. CAGR %	1.73	3.24	2.7	10.15	5.36
EBITDA, 3 Yr. CAGR %	11.08	16.12	21.15	17.04	12.21
EBITA, 3 Yr. CAGR %	17.33	23.67	29.71	21.89	14.81
EBIT, 3 Yr. CAGR %	21.12	27.53	33.02	23.92	15.66
Earnings From Cont. Operations, 3 Yr. CAGR %	18.96	27.77	25.41	23.17	11.32
Net Income, 3 Yr. CAGR %	20.34	30.43	26.06	24.69	11.25
Normalized Net Income, 3 Yr. CAGR %	18.97	23.08	28.33	23.22	15.91
Diluted EPS Before Extra, 3 Yr. CAGR %	20.28	30.2	25.77	24.4	11.1
Accounts Receivable, 3 Yr. CAGR %	-11.99	-8.77	-18.13	-7.09	-6.41
Inventory, 3 Yr. CAGR %	11.1	9.63	9.28	2.56	0.79
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.15	1.24	3.5	2.82	4.25
Total Assets, 3 Yr. CAGR %	10.25	10.97	10.48	5.87	3.36
Tangible Book Value, 3 Yr. CAGR %	8.78	10.96	12.22	12.05	9.27
Common Equity, 3 Yr. CAGR %	6.35	8.58	9.97	10	8.11
Cash From Operations, 3 Yr. CAGR %	28.91	14.82	6.7	-17.54	-5.16
Capital Expenditures, 3 Yr. CAGR %	13.4	28.99	15.5	7.69	9.41
Levered Free Cash Flow, 3 Yr. CAGR %	41.13	16.85	1.88	-23.37	-14.74
Unlevered Free Cash Flow, 3 Yr. CAGR %	41.03	16.9	1.88	-23.28	-14.71
Dividend Per Share, 3 Yr. CAGR %	21.32	31.84	33.21	38.67	25.99
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.09	2.93	4.13	5.01	2.81
Gross Profit, 5 Yr. CAGR %	1.42	0.3	2.07	5.46	3.41
EBITDA, 5 Yr. CAGR %	10.68	10.69	13.77	16.65	16.08
EBITA, 5 Yr. CAGR %	14.01	15.81	19.96	22.91	21.38
EBIT, 5 Yr. CAGR %	16.42	18.87	23.38	25.68	23.42
Earnings From Cont. Operations, 5 Yr. CAGR %	7.62	24.11	22.45	22.74	18.42
Net Income, 5 Yr. CAGR %	5.14	24.77	24.05	24.58	18.59
Normalized Net Income, 5 Yr. CAGR %	5.28	15.6	21.91	23.35	20.25
Diluted EPS Before Extra, 5 Yr. CAGR %	5.11	24.66	23.88	24.37	18.38
Accounts Receivable, 5 Yr. CAGR %	-2.32	-3.73	-7.54	-9.41	-14.65
Inventory, 5 Yr. CAGR %	8.5	7.68	11.65	5.95	2.37
Net Property, Plant and Equip., 5 Yr. CAGR %	1.2	-0.99	0.73	1.94	3.7
Total Assets, 5 Yr. CAGR %	7.81	9.13	10.19	7.65	6.62
Tangible Book Value, 5 Yr. CAGR %	6.2	9.81	10.61	10.95	10.37
Common Equity, 5 Yr. CAGR %	4.61	7.11	8.26	8.84	8.67
Cash From Operations, 5 Yr. CAGR %	13.98	15.26	16.11	-7	5.12
Capital Expenditures, 5 Yr. CAGR %	-0.3	13.82	14.92	16.26	13.13
Levered Free Cash Flow, 5 Yr. CAGR %	26.83	10.74	15.28	-10.34	2.35
Unlevered Free Cash Flow, 5 Yr. CAGR %	26.78	10.77	15.25	-10.27	2.37
Dividend Per Share, 5 Yr. CAGR %	13.97	25.74	25.35	33.03	31.95