Cash flow BAE Systems plc

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BA.

GB0002634946

Aerospace & Defense

Real-time Estimate Cboe Europe Other stock markets 15:10:16 16/07/2026 +04			5-day change	1st Jan Change
1,808.00 ^GBX	-0.28%		-1.69%	+5.48%

02:35pm	Bae Systems plc Announces Appoints John Pettigrew, A Non-Executive Director, Effective December 1, 2026	CI
10:27am	Gcap, Canada to become observer in next-generation fighter project - source	RE

821983f0cdb9195f3b39178594.mdYg9fto9PzabWpzRnYZEKsQ3nzWLyyzIo-ltjVeDWc.1ZBtmLowoYa1FB8mMhIsWPMhsSqcWh_eG8jj9HspUhPNpWiygjqur6oBAQ

Published financial data: BAE SYSTEMS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	19.52B	21.26B	23.08B	26.31B	28.34B
Total Revenues	19.52B	21.26B	23.08B	26.31B	28.34B
Cost of Goods Sold, Total	17.02B	18.48B	20.11B	22.89B	24.59B
Gross Profit	2.5B	2.77B	2.97B	3.43B	3.74B
Selling General & Admin Expenses, Total	65M	37M	-41M	15M	-19M
Depreciation & Amortization - (IS)	513M	549M	564M	663M	690M
Amortization of Goodwill and Intangible Assets - (IS)	188M	215M	218M	422M	470M
Other Operating Expenses	-107M	-109M	-133M	-147M	-147M
Other Operating Expenses, Total	659M	692M	608M	953M	994M
Operating Income	1.84B	2.08B	2.36B	2.47B	2.75B
Interest Expense, Total	-249M	-269M	-339M	-555M	-504M
Interest And Investment Income	30M	35M	131M	117M	81M
Net Interest Expenses	-219M	-234M	-208M	-438M	-423M
Income (Loss) On Equity Invest.	139M	180M	208M	213M	194M
Currency Exchange Gains (Loss)	35M	-524M	210M	90M	-10M
Other Non Operating Income (Expenses)	-30M	400M	-290M	-23M	26M
EBT, Excl. Unusual Items	1.77B	1.9B	2.28B	2.32B	2.54B
Merger & Related Restructuring Charges	-3M	-16M	-20M	-72M	-22M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	7M	-	94M	12M
Gain (Loss) On Sale Of Assets	350M	97M	10M	-6M	0
Asset Writedown	-19M	-3M	-5M	-12M	-13M
Other Unusual Items	13M	-	60M	13M	58M
EBT, Incl. Unusual Items	2.11B	1.99B	2.33B	2.33B	2.57B
Income Tax Expense	198M	315M	386M	291M	421M
Earnings From Continuing Operations	1.91B	1.67B	1.94B	2.04B	2.15B
Net Income to Company	1.91B	1.67B	1.94B	2.04B	2.15B
Minority Interest	-154M	-83M	-83M	-85M	-89M
Net Income - (IS)	1.76B	1.59B	1.86B	1.96B	2.06B
Net Income to Common Incl Extra Items	1.76B	1.59B	1.86B	1.96B	2.06B
Net Income to Common Excl. Extra Items	1.76B	1.59B	1.86B	1.96B	2.06B
Per Share Items
Net EPS - Basic	0.55	0.51	0.61	0.65	0.69
Basic EPS - Continuing Operations	0.55	0.51	0.61	0.65	0.69
Basic Weighted Average Shares Outstanding	3.19B	3.11B	3.03B	3.01B	3B
Net EPS - Diluted	0.55	0.5	0.6	0.64	0.68
Diluted EPS - Continuing Operations	0.55	0.5	0.6	0.64	0.68
Diluted Weighted Average Shares Outstanding	3.21B	3.15B	3.07B	3.05B	3.03B
Normalized Basic EPS	0.3	0.36	0.44	0.45	0.5
Normalized Diluted EPS	0.3	0.35	0.44	0.45	0.49
Dividend Per Share	0.25	0.27	0.3	0.33	0.36
Payout Ratio	44.2	50.41	46.15	47.9	49.81
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	2.22B	2.52B	2.82B	3.25B	3.59B
EBITA	1.92B	2.19B	2.47B	2.81B	3.13B
EBIT	1.84B	2.08B	2.36B	2.47B	2.75B
EBITDAR	2.25B	2.55B	2.85B	3.28B	3.62B
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	9.38	15.84	16.6	12.48	16.37
Current Domestic Taxes	18M	116M	111M	130M	141M
Current Foreign Taxes	199M	369M	609M	-62M	154M
Total Current Taxes	217M	485M	720M	68M	295M
Deferred Domestic Taxes	-34M	-12M	23M	11M	26M
Deferred Foreign Taxes	15M	-158M	-357M	212M	100M
Total Deferred Taxes	-19M	-170M	-334M	223M	126M
Normalized Net Income	952M	1.11B	1.34B	1.36B	1.5B
Interest on Long-Term Debt	43M	48M	53M	73M	79M
Non-Cash Pension Expense	88M	47M	-1M	-2M	-80M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.6B	2B	2.3B	1.9B	3.2B
Net Rental Expense, Total	23M	30M	30M	33M	35M
Imputed Operating Lease Interest Expense	6.82M	9.57M	11.9M	17.22M	14.49M
Imputed Operating Lease Depreciation	16.18M	20.43M	18.1M	15.78M	20.51M
Stock-Based Comp., COGS (Total)	92M	101M	110M	144M	174M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	92M	101M	110M	144M	174M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.92B	3.11B	4.07B	3.38B	3.44B
Trading Asset Securities, Total	8M	23M	43M	49M	31M
Total Cash And Short Term Investments	2.92B	3.13B	4.11B	3.43B	3.47B
Accounts Receivable, Total	3.76B	5.06B	4.66B	5.16B	5.5B
Other Receivables	693M	726M	711M	620M	667M
Total Receivables	4.45B	5.79B	5.37B	5.78B	6.17B
Inventory	811M	976M	1.16B	1.32B	1.38B
Prepaid Expenses	444M	509M	933M	1B	924M
Other Current Assets, Total	186M	229M	204M	213M	203M
Total Current Assets	8.82B	10.63B	11.77B	11.75B	12.15B
Gross Property Plant And Equipment	7.6B	8.72B	9.08B	11.06B	11.39B
Accumulated Depreciation	-3.66B	-4.06B	-4.13B	-4.46B	-4.59B
Net Property Plant And Equipment	3.94B	4.66B	4.95B	6.6B	6.8B
Long-term Investments	744M	1.03B	1.02B	1.02B	902M
Goodwill	10.91B	11.82B	11.39B	13.3B	12.73B
Other Intangibles, Total	769M	775M	660M	2.91B	2.44B
Accounts Receivable Long-Term	54M	44M	33M	126M	133M
Deferred Tax Assets Long-Term	622M	338M	609M	315M	172M
Deferred Charges Long-Term	37M	50M	53M	59M	75M
Other Long-Term Assets, Total	1.24B	2.11B	1.59B	2.07B	2.28B
Total Assets	27.14B	31.46B	32.06B	38.14B	37.68B
Liabilities
Accounts Payable, Total	697M	1.9B	2.4B	3.08B	3.35B
Accrued Expenses, Total	2.66B	2.76B	2.72B	2.96B	2.96B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	490M	132M	790M	738M	125M
Current Portion of Leases	212M	241M	147M	183M	253M
Current Income Taxes Payable	27M	103M	285M	55M	44M
Unearned Revenue Current, Total	3.01B	3.99B	3.93B	4.58B	4.89B
Other Current Liabilities	1.61B	724M	680M	749M	678M
Total Current Liabilities	8.7B	9.85B	10.94B	12.34B	12.3B
Long-Term Debt	4.73B	5.22B	4.49B	7.74B	7.27B
Long-Term Leases	1.08B	1.38B	1.27B	1.66B	1.51B
Unearned Revenue Non Current	1.33B	1.95B	3.1B	3.01B	3.12B
Pension & Other Post Retirement Benefits	2.61B	651M	575M	503M	406M
Deferred Tax Liability Non Current	77M	5M	10M	14M	26M
Other Non Current Liabilities	943M	1.01B	952M	1.1B	1.1B
Total Liabilities	19.47B	20.06B	21.34B	26.36B	25.74B
Common Stock, Total	85M	82M	81M	80M	79M
Additional Paid In Capital	1.25B	1.25B	1.25B	1.25B	1.25B
Retained Earnings	414M	3.13B	3.02B	4.04B	4.77B
Comprehensive Income and Other	5.68B	6.75B	6.2B	6.24B	5.68B
Total Common Equity	7.44B	11.22B	10.56B	11.62B	11.78B
Minority Interest	232M	185M	164M	161M	153M
Total Equity	7.67B	11.4B	10.72B	11.78B	11.94B
Total Liabilities And Equity	27.14B	31.46B	32.06B	38.14B	37.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.16B	3.07B	3.03B	3B	2.99B
ECS Total Common Shares Outstanding	3.16B	3.07B	3.03B	3B	2.99B
Book Value / Share	2.35	3.65	3.49	3.87	3.94
Tangible Book Value	-4.24B	-1.38B	-1.49B	-4.59B	-3.39B
Tangible Book Value Per Share	-1.34	-0.45	-0.49	-1.53	-1.13
Total Debt	6.52B	6.97B	6.7B	10.32B	9.16B
Net Debt	3.59B	3.84B	2.59B	6.89B	5.69B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.35B	-1.41B	-683M	-1.1B	-1.22B
Debt Equivalent Oper. Leases	184M	240M	240M	264M	280M
Minority Interest, Total (Incl. Fin. Div)	232M	185M	164M	161M	153M
Equity Method Investments, Total	554M	787M	832M	823M	698M
Account Code - Inventory Valuation	3	3	3	6	6
Inventories - Raw Materials, Total	432M	535M	646M	746M	748M
Inventories - Work In Process, Total	312M	372M	437M	471M	554M
Inventories - Finished Goods, Total	67M	69M	73M	107M	82M
Land - (BS)	2.36B	2.62B	2.68B	3.67B	3.92B
Machinery, Total	3.48B	3.83B	3.94B	4.4B	4.7B
Full Time Employees	90.5K	93.1K	99.8K	107K	111K
Accumulated Allowance for Doubtful Accounts (Supple)	15M	20M	20M	19M	17M
Order Backlog	44B	58.9B	69.8B	77.8B	83.6B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.76B	1.59B	1.86B	1.96B	2.06B
Depreciation & Amortization - CF	513M	549M	564M	663M	687M
Amortization of Goodwill and Intangible Assets - (CF)	81M	107M	111M	334M	379M
Depreciation & Amortization, Total	594M	656M	675M	997M	1.07B
Amortization of Deferred Charges, Total - (CF)	107M	108M	107M	88M	91M
(Gain) Loss From Sale Of Asset	-350M	-96M	-10M	10M	-
(Gain) Loss on Sale of Investments - (CF)	29M	-403M	267M	-92M	-57M
Asset Writedown & Restructuring Costs	19M	3M	5M	12M	16M
(Income) Loss On Equity Investments - (CF)	-139M	-180M	-208M	-213M	-194M
Stock-Based Compensation (CF)	92M	101M	110M	144M	174M
Other Operating Activities, Total	268M	736M	-168M	278M	619M
Change In Accounts Receivable	610M	-1.07B	-287M	-121M	-723M
Change In Inventories	54M	-93M	-223M	-144M	-110M
Change In Accounts Payable	-615M	1.48B	1.64B	1.01B	488M
Change in Other Net Operating Assets	20M	-	-	-	-
Cash from Operations	2.45B	2.84B	3.76B	3.92B	3.43B
Capital Expenditure	-366M	-599M	-826M	-990M	-920M
Sale of Property, Plant, and Equipment	271M	18M	19M	23M	25M
Cash Acquisitions	-30M	-162M	-14M	-4.78B	-8M
Divestitures	215M	124M	-8M	8M	-
Sale (Purchase) of Intangible assets	-96M	-94M	-131M	-173M	-183M
Investment in Marketable and Equity Securities, Total	-18M	-1M	-	186M	39M
Net (Increase) Decrease in Loans Originated / Sold - Investing	10M	9M	10M	12M	6M
Other Investing Activities, Total	80M	283M	409M	441M	500M
Cash from Investing	66M	-422M	-541M	-5.27B	-541M
Long-Term Debt Issued, Total	-	-	162M	6.93B	-
Total Debt Issued	-	-	162M	6.93B	-
Long-Term Debt Repaid, Total	-584M	-636M	-292M	-3.98B	-749M
Total Debt Repaid	-584M	-636M	-292M	-3.98B	-749M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-368M	-788M	-561M	-555M	-502M
Common Dividends Paid	-777M	-802M	-857M	-937M	-1.03B
Common & Preferred Stock Dividends Paid	-777M	-802M	-857M	-937M	-1.03B
Other Financing Activities, Total	-527M	-107M	-640M	-762M	-496M
Cash from Financing	-2.26B	-2.33B	-2.19B	695M	-2.77B
Foreign Exchange Rate Adjustments	-7M	106M	-71M	-40M	-57M
Net Change in Cash	250M	190M	960M	-689M	60M
Supplemental Items
Cash Interest Paid	247M	269M	356M	543M	512M
Cash Income Tax Paid (Refund)	234M	365M	395M	175M	196M
Levered Free Cash Flow	1.42B	1.17B	1.57B	2.02B	1.78B
Unlevered Free Cash Flow	1.58B	1.34B	1.78B	2.36B	2.1B
Change In Net Working Capital	-95M	132M	-374M	-752M	-152M
Net Debt Issued / Repaid	-584M	-636M	-130M	2.95B	-749M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.22	4.44	4.65	4.4	4.53
Return on Total Capital	8.86	7.99	8.24	7.82	7.96
Return On Equity %	30.38	17.56	17.54	18.14	18.14
Return on Common Equity	29.11	17.06	17.06	17.64	17.62
Margin Analysis
Gross Profit Margin %	12.82	13.05	12.86	13.02	13.21
SG&A Margin	0.33	0.17	-0.18	0.06	-0.07
EBITDA Margin %	11.39	11.86	12.23	12.36	12.66
EBITA Margin %	9.86	10.3	10.71	10.67	11.04
EBIT Margin %	9.45	9.79	10.23	9.4	9.7
Income From Continuing Operations Margin %	9.79	7.87	8.41	7.76	7.59
Net Income Margin %	9.01	7.48	8.05	7.43	7.28
Net Avail. For Common Margin %	9.01	7.48	8.05	7.43	7.28
Normalized Net Income Margin	4.87	5.21	5.82	5.18	5.28
Levered Free Cash Flow Margin	7.29	5.52	6.81	7.66	6.29
Unlevered Free Cash Flow Margin	8.09	6.31	7.73	8.98	7.41
Asset Turnover
Asset Turnover	0.71	0.73	0.73	0.75	0.75
Fixed Assets Turnover	5.1	4.94	4.8	4.56	4.23
Receivables Turnover (Average Receivables)	4.86	4.82	4.75	5.36	5.31
Inventory Turnover (Average Inventory)	20.39	20.69	18.86	18.46	18.16
Short Term Liquidity
Current Ratio	1.01	1.08	1.08	0.95	0.99
Quick Ratio	0.85	0.91	0.87	0.75	0.78
Operating Cash Flow to Current Liabilities	0.28	0.29	0.34	0.32	0.28
Days Sales Outstanding (Average Receivables)	75.05	75.75	76.89	68.32	68.68
Days Outstanding Inventory (Average Inventory)	17.9	17.64	19.35	19.83	20.1
Average Days Payable Outstanding	14.99	34.45	38.68	43.51	47.59
Cash Conversion Cycle (Average Days)	77.96	58.94	57.56	44.64	41.18
Long Term Solvency
Total Debt/Equity	85.02	61.16	62.47	87.59	76.73
Total Debt / Total Capital	45.95	37.95	38.45	46.69	43.42
LT Debt/Equity	75.86	57.89	53.73	79.77	73.56
Long-Term Debt / Total Capital	41	35.92	33.07	42.52	41.62
Total Liabilities / Total Assets	71.74	63.77	66.56	69.12	68.32
EBIT / Interest Expense	7.41	7.74	6.96	4.46	5.46
EBITDA / Interest Expense	9.79	10.18	8.96	6.25	7.57
(EBITDA - Capex) / Interest Expense	8.32	7.95	6.52	4.47	5.75
Total Debt / EBITDA	2.67	2.55	2.21	2.97	2.4
Net Debt / EBITDA	1.47	1.4	0.85	1.99	1.49
Total Debt / (EBITDA - Capex)	3.15	3.26	3.03	4.16	3.16
Net Debt / (EBITDA - Capex)	1.73	1.8	1.17	2.78	1.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.27	8.9	8.56	14.01	7.69
Gross Profit, 1 Yr. Growth %	8.92	10.83	7.03	14.24	9.28
EBITDA, 1 Yr. Growth %	7.91	13.35	11.94	15.2	10.37
EBITA, 1 Yr. Growth %	10	13.71	12.93	13.55	11.47
EBIT, 1 Yr. Growth %	7.65	12.91	13.4	4.74	11.2
Earnings From Cont. Operations, 1 Yr. Growth %	39.46	-12.45	15.89	5.21	5.39
Net Income, 1 Yr. Growth %	35.33	-9.5	16.72	5.33	5.42
Normalized Net Income, 1 Yr. Growth %	8.7	16.33	21.28	1.43	9.89
Diluted EPS Before Extra, 1 Yr. Growth %	35.06	-7.68	19.6	6.13	6.08
Accounts Receivable, 1 Yr. Growth %	-11.95	34.72	-8	10.84	6.51
Inventory, 1 Yr. Growth %	-5.48	20.35	18.44	14.53	4.53
Net Property, Plant and Equip., 1 Yr. Growth %	6.34	18.18	6.14	33.4	3.03
Total Assets, 1 Yr. Growth %	-1.43	15.95	1.91	18.96	-1.21
Tangible Book Value, 1 Yr. Growth %	-39.95	-67.5	7.83	208.47	-26.18
Common Equity, 1 Yr. Growth %	60.16	50.82	-5.85	10.01	1.45
Cash From Operations, 1 Yr. Growth %	109.86	16.02	32.44	4.39	-12.56
Capital Expenditures, 1 Yr. Growth %	-4.94	16.09	37.9	19.85	-7.07
Levered Free Cash Flow, 1 Yr. Growth %	2.76	-7.84	34.06	28.23	-11.55
Unlevered Free Cash Flow, 1 Yr. Growth %	2.86	-6.11	33.06	32.44	-11.21
Dividend Per Share, 1 Yr. Growth %	5.91	7.57	11.11	10	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.27	5.01	8.73	11.25	10.81
Gross Profit, 2 Yr. CAGR %	5.36	9.87	8.91	11.13	11.73
EBITDA, 2 Yr. CAGR %	6.93	10.6	12.64	13.56	12.76
EBITA, 2 Yr. CAGR %	7.98	11.84	13.32	13.24	12.51
EBIT, 2 Yr. CAGR %	5.81	10.25	13.15	8.99	7.92
Earnings From Cont. Operations, 2 Yr. CAGR %	11.72	10.5	0.73	10.42	5.3
Net Income, 2 Yr. CAGR %	9.14	10.67	2.78	10.88	5.38
Normalized Net Income, 2 Yr. CAGR %	-1.41	12.45	18.78	10.92	5.58
Diluted EPS Before Extra, 2 Yr. CAGR %	8.93	11.67	5.08	12.66	6.1
Accounts Receivable, 2 Yr. CAGR %	-4.45	8.91	11.33	0.98	8.65
Inventory, 2 Yr. CAGR %	-1.45	6.66	19.39	16.47	9.42
Net Property, Plant and Equip., 2 Yr. CAGR %	5.02	12.1	12	18.99	17.24
Total Assets, 2 Yr. CAGR %	2.89	6.9	8.7	10.11	8.4
Tangible Book Value, 2 Yr. CAGR %	-7.23	-55.82	-40.8	82.38	50.9
Common Equity, 2 Yr. CAGR %	17.27	55.42	19.16	1.77	5.64
Cash From Operations, 2 Yr. CAGR %	23.78	56.04	23.96	17.58	-4.46
Capital Expenditures, 2 Yr. CAGR %	0.83	24.73	26.52	28.56	5.54
Levered Free Cash Flow, 2 Yr. CAGR %	44.92	-7.95	11.16	31.12	6.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	38.38	-6.51	11.77	32.75	8.44
Dividend Per Share, 2 Yr. CAGR %	4.01	6.74	9.33	10.55	10
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.09	5.11	6.18	10.46	10.05
Gross Profit, 3 Yr. CAGR %	5.61	7.15	8.91	11.03	10.51
EBITDA, 3 Yr. CAGR %	7.23	9.03	11.04	13.49	12.48
EBITA, 3 Yr. CAGR %	7.84	9.86	12.2	13.4	12.65
EBIT, 3 Yr. CAGR %	6.49	8.13	11.29	10.28	9.72
Earnings From Cont. Operations, 3 Yr. CAGR %	22.78	3	12.27	2.2	8.72
Net Income, 3 Yr. CAGR %	20.69	2.53	12.65	3.62	9.03
Normalized Net Income, 3 Yr. CAGR %	4.45	4.18	15.32	12.69	10.57
Diluted EPS Before Extra, 3 Yr. CAGR %	20.58	3.09	14.25	5.43	10.43
Accounts Receivable, 3 Yr. CAGR %	-0.58	7.14	2.96	11.17	2.79
Inventory, 3 Yr. CAGR %	1.57	5.34	10.45	17.75	12.35
Net Property, Plant and Equip., 3 Yr. CAGR %	18.58	9.24	10.08	18.72	13.41
Total Assets, 3 Yr. CAGR %	3.12	7.07	5.21	12.02	6.2
Tangible Book Value, 3 Yr. CAGR %	-5.82	-34.6	-40.52	2.63	34.91
Common Equity, 3 Yr. CAGR %	10.27	27.53	31.5	16.03	1.66
Cash From Operations, 3 Yr. CAGR %	26.81	21.14	47.74	17.06	6.53
Capital Expenditures, 3 Yr. CAGR %	0.74	18.5	28.98	24.26	15.38
Levered Free Cash Flow, 3 Yr. CAGR %	37.37	20.08	4.34	16.58	14.99
Unlevered Free Cash Flow, 3 Yr. CAGR %	32.64	17.61	5.16	18.28	16.1
Dividend Per Share, 3 Yr. CAGR %	4.18	5.19	8.17	9.55	10.37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.87	4.3	6.53	7.53	8.01
Gross Profit, 5 Yr. CAGR %	3.12	4.58	6.92	8.72	10.25
EBITDA, 5 Yr. CAGR %	4.71	6.7	9.36	10.82	11.73
EBITA, 5 Yr. CAGR %	4.92	7.01	10	11.2	12.32
EBIT, 5 Yr. CAGR %	4.52	6.31	9.11	8.47	9.93
Earnings From Cont. Operations, 5 Yr. CAGR %	15.31	14.33	13.43	5.91	9.43
Net Income, 5 Yr. CAGR %	14	13.98	13.18	5.79	9.68
Normalized Net Income, 5 Yr. CAGR %	6.6	4.65	9.96	6.82	11.32
Diluted EPS Before Extra, 5 Yr. CAGR %	13.77	14.29	14.12	6.81	10.92
Accounts Receivable, 5 Yr. CAGR %	6.3	9.38	4.02	4.64	5.2
Inventory, 5 Yr. CAGR %	1.74	5.89	8.35	9.66	10.03
Net Property, Plant and Equip., 5 Yr. CAGR %	13.45	15.88	15.9	13.04	12.89
Total Assets, 5 Yr. CAGR %	3.38	6.43	5.32	8.28	6.48
Tangible Book Value, 5 Yr. CAGR %	-11.43	-24.54	-21.79	-1.43	-13.68
Common Equity, 5 Yr. CAGR %	16.68	18.94	13.74	16.53	20.48
Cash From Operations, 5 Yr. CAGR %	14.77	8.4	25.66	19.7	24.1
Capital Expenditures, 5 Yr. CAGR %	-2.15	9.02	18.2	22.42	19.03
Levered Free Cash Flow, 5 Yr. CAGR %	19.38	58.07	23.43	24.38	5.2
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.1	40.48	21.41	23.45	6.46
Dividend Per Share, 5 Yr. CAGR %	3.34	4.37	6.21	7.3	8.9