Cash flow Ferrari N.V.

Equities

RACE

NL0011585146

Auto & Truck Manufacturers

Market Closed - Borsa Italiana Other stock markets 20:45:00 13/03/2026 +04			After hours 00:32:39
289.20 ^EUR	-1.16%		290.65	+0.50%

01:10pm	DIARY - Italy to April 30	RE
03-12	Mercedes Longing for Former Dominance: Is Russell the Title Favorite?	DP

d03ea71b245261a510c952e.dtj7I-F-sMr9aRm_pv9KN6xJWHzoRUW7olkeji1Ecsc.Do2LZrRH6fiYDFT86JQHQPp9FzS7Nz3fyAMz30cVEIM5oZFVjSvziaJYbg

Published financial data: FERRARI N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	4.27B	5.1B	5.97B	6.55B	7B
Finance Div. Revenues	-	-	-	130M	142M
Total Revenues	4.27B	5.1B	5.97B	6.68B	7.15B
Cost of Goods Sold, Total	2.08B	2.65B	3B	3.24B	3.35B
Finance Div. Operating Exp.	-	-	-	88.31M	99.21M
Interest Expense - Finance Division	-	-	-	-	-
Gross Profit	2.19B	2.45B	2.97B	3.35B	3.69B
Selling General & Admin Expenses, Total	348M	428M	463M	561M	642M
R&D Expenses	768M	776M	882M	894M	919M
Other Operating Expenses	5.56M	21.55M	20.54M	7.94M	27.48M
Other Operating Expenses, Total	1.12B	1.23B	1.36B	1.46B	1.59B
Operating Income	1.07B	1.22B	1.61B	1.88B	2.1B
Interest Expense, Total	-38.4M	-54.2M	-29.26M	-40.05M	-41.17M
Interest And Investment Income	5.14M	4.58M	25.81M	31.49M	20.42M
Net Interest Expenses	-33.26M	-49.62M	-3.44M	-8.57M	-20.75M
Currency Exchange Gains (Loss)	-	-	-20.2M	-7.04M	-38.16M
Other Non Operating Income (Expenses)	-	-	8.63M	16.81M	12.83M
EBT, Excl. Unusual Items	1.04B	1.17B	1.59B	1.89B	2.06B
Gain (Loss) On Sale Of Investments	6.9M	6.18M	6.14M	8.24M	12.57M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Legal Settlements	-	-	1.64M	-4.5M	-6.82M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	1.04B	1.18B	1.6B	1.89B	2.06B
Income Tax Expense	209M	238M	345M	363M	464M
Earnings From Continuing Operations	833M	939M	1.26B	1.53B	1.6B
Net Income to Company	833M	939M	1.26B	1.53B	1.6B
Minority Interest	-2.37M	-6.68M	-5.41M	-4.04M	-2.6M
Net Income - (IS)	831M	933M	1.25B	1.52B	1.6B
Net Income to Common Incl Extra Items	831M	933M	1.25B	1.52B	1.6B
Net Income to Common Excl. Extra Items	831M	933M	1.25B	1.52B	1.6B
Per Share Items
Net EPS - Basic	4.5	5.1	6.91	8.47	8.97
Basic EPS - Continuing Operations	4.5	5.1	6.91	8.47	8.97
Basic Weighted Average Shares Outstanding	184M	183M	181M	180M	178M
Net EPS - Diluted	4.5	5.09	6.9	8.46	8.96
Diluted EPS - Continuing Operations	4.5	5.09	6.9	8.46	8.96
Diluted Weighted Average Shares Outstanding	185M	183M	182M	180M	178M
Normalized Basic EPS	3.5	3.97	5.47	6.53	7.21
Normalized Diluted EPS	3.49	3.96	5.46	6.52	7.2
Dividend Per Share	1.36	1.81	2.44	2.99	3.62
Payout Ratio	19.27	26.76	26.25	28.91	33.17
American Depositary Receipts Ratio (ADR)	0	0	0	0	0
Supplemental Items
EBITDA	1.31B	1.49B	1.91B	2.19B	2.41B
EBITA	1.1B	1.25B	1.64B	1.92B	2.14B
EBIT	1.07B	1.22B	1.61B	1.88B	2.1B
EBITDAR	1.32B	1.5B	1.91B	2.2B	2.41B
Effective Tax Rate - (Ratio)	20.06	20.25	21.52	19.22	22.49
Total Current Taxes	219M	270M	347M	383M	360M
Total Deferred Taxes	-12M	-30.18M	-4.54M	-17.48M	107M
Normalized Net Income	645M	726M	991M	1.17B	1.28B
Interest Capitalized	1.87M	1.91M	-	-	-
Interest on Long-Term Debt	2.74M	3.13M	1.45M	3.36M	5.03M
Non-Cash Pension Expense	0	22K	518K	467K	590K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	768M	776M	882M	894M	919M
Net Rental Expense, Total	5.29M	4.05M	4.06M	4.86M	5.29M
Imputed Operating Lease Interest Expense	637K	668K	694K	1.02M	1.05M
Imputed Operating Lease Depreciation	4.66M	3.38M	3.36M	3.84M	4.24M
Stock-Based Comp., Other (Total)	13.9M	-	29.94M	23.97M	27.55M
Total Stock-Based Compensation	13.9M	-	29.94M	23.97M	27.55M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.34B	1.39B	1.12B	1.74B	1.41B
Short Term Investments	1.94M	7.07M	5.57M	5.66M	4.42M
Trading Asset Securities, Total	6.05M	36.77M	17.41M	5.55M	1.49M
Total Cash And Short Term Investments	1.35B	1.43B	1.14B	1.75B	1.42B
Accounts Receivable, Total	185M	232M	261M	349M	360M
Other Receivables	75.58M	95.91M	77.14M	72.76M	131M
Total Receivables	261M	328M	339M	422M	492M
Inventory	541M	675M	949M	1.09B	1.11B
Prepaid Expenses	36.08M	42.91M	53.85M	63.98M	51.86M
Finance Division Loans and Leases Current	1.14B	1.4B	1.45B	1.66B	1.61B
Finance Division Other Current Assets, Total	-	-	-	-	57M
Other Current Assets, Total	30.37M	73.88M	49.01M	30.75M	79.94M
Total Current Assets	3.36B	3.95B	3.99B	5.02B	4.82B
Gross Property Plant And Equipment	3.54B	3.96B	4.15B	4.48B	4.9B
Accumulated Depreciation	-2.5B	-2.74B	-2.96B	-3.15B	-3.34B
Net Property Plant And Equipment	1.03B	1.22B	1.18B	1.33B	1.55B
Long-term Investments	54.51M	59.53M	67.67M	80.82M	96.44M
Goodwill	785M	785M	785M	785M	785M
Other Intangibles, Total	31.03M	42.92M	49.8M	42.78M	42.67M
Deferred Tax Assets Long-Term	169M	203M	218M	237M	226M
Deferred Charges Long-Term	1.11B	1.26B	1.37B	1.5B	1.6B
Other Long-Term Assets, Total	319M	239M	392M	499M	503M
Total Assets	6.86B	7.77B	8.05B	9.5B	9.63B
Liabilities
Accounts Payable, Total	798M	903M	931M	946M	841M
Accrued Expenses, Total	159M	181M	278M	289M	285M
Current Portion of Long-Term Debt	501M	963M	-	459M	12.37M
Current Portion of Leases	14.78M	15.92M	16.45M	26.49M	31.35M
Finance Division Debt Current	-	-	515M	649M	669M
Current Income Taxes Payable	113M	58.56M	89.27M	37.87M	4.95M
Unearned Revenue Current, Total	-	-	62M	-	-
Deferred Tax Liability Current	17.48M	40.35M	35.98M	27.59M	108M
Other Current Liabilities	145M	146M	144M	214M	144M
Total Current Liabilities	1.75B	2.31B	2.07B	2.65B	2.1B
Long-Term Debt	2.07B	1.79B	1.11B	1.28B	1.27B
Long-Term Leases	41.43M	41.51M	56.6M	99.78M	131M
Finance Division Debt Non Current	-	-	775M	836M	773M
Unearned Revenue Non Current	256M	270M	234M	883M	1.19B
Pension & Other Post Retirement Benefits	18.43M	15.14M	12.44M	17.48M	16.64M
Deferred Tax Liability Non Current	78.5M	86.16M	101M	82.43M	146M
Other Non Current Liabilities	436M	651M	617M	105M	89.38M
Total Liabilities	4.65B	5.16B	4.98B	5.95B	5.71B
Common Stock, Total	2.57M	2.57M	2.57M	2.57M	2.57M
Additional Paid In Capital	5.77B	5.77B	5.77B	5.77B	5.77B
Retained Earnings	-4.45B	-4.54B	-4.52B	-4.58B	-5.06B
Comprehensive Income and Other	887M	1.36B	1.81B	2.34B	3.19B
Total Common Equity	2.21B	2.59B	3.06B	3.53B	3.91B
Minority Interest	5.52M	9.63M	9.73M	9.29M	7.85M
Total Equity	2.21B	2.6B	3.07B	3.54B	3.91B
Total Liabilities And Equity	6.86B	7.77B	8.05B	9.5B	9.63B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	184M	182M	180M	179M	177M
ECS Total Common Shares Outstanding	184M	182M	180M	179M	177M
Book Value / Share	12	14.25	16.97	19.74	22.04
Tangible Book Value	1.39B	1.76B	2.23B	2.71B	3.08B
Tangible Book Value Per Share	7.56	9.7	12.34	15.11	17.37
Total Debt	2.63B	2.81B	2.48B	3.35B	2.88B
Net Debt	1.28B	1.38B	1.33B	1.6B	1.47B
Debt Equivalent of Unfunded Proj. Benefit Obligation	18.43M	15.14M	13.9M	13.45M	12.49M
Debt Equivalent Oper. Leases	42.34M	32.39M	32.44M	38.86M	42.3M
Minority Interest, Total (Incl. Fin. Div)	5.52M	9.63M	9.73M	9.29M	7.85M
Equity Method Investments, Total	42.93M	49.09M	55.2M	63.44M	76.01M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	99.38M	142M	203M	222M	238M
Inventories - Work In Process, Total	121M	145M	230M	239M	258M
Inventories - Finished Goods, Total	320M	387M	515M	627M	617M
Land - (BS)	50.06M	132M	151M	153M	158M
Buildings, Total	487M	498M	523M	657M	693M
Machinery, Total	2.77B	3.07B	3.21B	3.35B	3.68B
Full Time Employees	4.61K	4.92K	4.99K	5.44K	5.72K
Accumulated Allowance for Doubtful Accounts (Supple)	25.98M	25.8M	25.42M	33.38M	36.24M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	831M	933M	1.25B	1.52B	1.6B
Depreciation & Amortization - CF	230M	260M	290M	300M	299M
Amortization of Goodwill and Intangible Assets - (CF)	31.42M	28.65M	29.44M	36.36M	37.03M
Depreciation & Amortization, Total	262M	288M	320M	336M	336M
Amortization of Deferred Charges, Total - (CF)	194M	258M	343M	331M	326M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-6.9M	-6.18M	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-6.14M	-8.24M	-12.57M
Other Operating Activities, Total	162M	76.87M	167M	129M	192M
Change In Accounts Receivable	1.77M	-48.4M	-33.38M	-94.03M	-20.62M
Change In Inventories	-81.31M	-154M	-310M	-158M	-76.68M
Change In Accounts Payable	72.57M	104M	43.28M	7.67M	-59.13M
Change in Other Net Operating Assets	-153M	-47.88M	-58.6M	-139M	67.8M
Cash from Operations	1.28B	1.4B	1.72B	1.93B	2.35B
Capital Expenditure	-352M	-348M	-382M	-482M	-485M
Sale of Property, Plant, and Equipment	4.4M	578K	2.46M	2.04M	400K
Cash Acquisitions	-	-	-	-	-1.35M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-385M	-457M	-487M	-507M	-458M
Investment in Marketable and Equity Securities, Total	-	-1.37M	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-733M	-805M	-866M	-987M	-944M
Long-Term Debt Issued, Total	342M	157M	436M	1.11B	585M
Total Debt Issued	342M	157M	436M	1.11B	585M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-530M	-62.59M	-751M	-412M	-933M
Total Debt Repaid	-530M	-62.59M	-751M	-412M	-933M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-231M	-397M	-461M	-581M	-785M
Common Dividends Paid	-160M	-250M	-329M	-440M	-530M
Common & Preferred Stock Dividends Paid	-160M	-250M	-329M	-440M	-530M
Other Financing Activities, Total	-1.35M	-2.27M	-4.89M	-4.79M	-4.45M
Cash from Financing	-580M	-554M	-1.11B	-325M	-1.67B
Foreign Exchange Rate Adjustments	11.42M	383K	-7.7M	5.45M	-12.51M
Net Change in Cash	-18.26M	44.76M	-267M	620M	-275M
Supplemental Items
Cash Interest Paid	29.2M	37.35M	83.24M	50.35M	126M
Cash Income Tax Paid (Refund)	109M	305M	-	410M	386M
Levered Free Cash Flow	336M	58.9M	700M	601M	839M
Unlevered Free Cash Flow	360M	92.77M	718M	626M	865M
Change In Net Working Capital	40.64M	412M	111M	253M	196M
Net Debt Issued / Repaid	-187M	94.75M	-315M	701M	-348M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	10.18	10.43	12.72	13.42	13.75
Return on Total Capital	14.28	14.88	18.35	18.93	19.2
Return On Equity %	41.65	39.02	44.33	46.14	42.89
Return on Common Equity	41.63	38.87	44.29	46.15	42.92
Margin Analysis
Gross Profit Margin %	51.28	48.01	49.82	50.13	51.68
SG&A Margin	8.15	8.4	7.75	8.4	8.99
EBITDA Margin %	30.78	29.3	31.99	32.85	33.68
EBITA Margin %	25.76	24.53	27.45	28.76	29.96
EBIT Margin %	25.02	23.97	26.96	28.22	29.44
Income From Continuing Operations Margin %	19.51	18.43	21.06	22.85	22.38
Net Income Margin %	19.45	18.3	20.97	22.79	22.35
Net Avail. For Common Margin %	19.45	18.3	20.97	22.79	22.35
Normalized Net Income Margin	15.1	14.24	16.6	17.59	17.96
Levered Free Cash Flow Margin	7.87	1.16	11.72	9	11.74
Unlevered Free Cash Flow Margin	8.43	1.82	12.03	9.38	12.1
Asset Turnover
Asset Turnover	0.65	0.7	0.75	0.76	0.75
Fixed Assets Turnover	4.42	4.52	4.97	5.31	4.96
Receivables Turnover (Average Receivables)	23.13	24.41	24.18	21.44	19.74
Inventory Turnover (Average Inventory)	4.16	4.36	3.69	3.18	3.05
Short Term Liquidity
Current Ratio	1.92	1.71	1.93	1.9	2.3
Quick Ratio	1.58	1.37	1.42	1.45	1.71
Operating Cash Flow to Current Liabilities	0.73	0.61	0.83	0.73	1.12
Days Sales Outstanding (Average Receivables)	15.78	14.95	15.09	17.07	18.49
Days Outstanding Inventory (Average Inventory)	87.82	83.72	98.88	114.99	119.83
Average Days Payable Outstanding	127.69	111.53	102.34	101.56	96.5
Cash Conversion Cycle (Average Days)	-24.09	-12.86	11.64	30.51	41.82
Long Term Solvency
Total Debt/Equity	118.93	108.04	80.67	94.6	73.68
Total Debt / Total Capital	54.32	51.93	44.65	48.61	42.42
LT Debt/Equity	95.59	70.41	63.38	62.57	55.47
Long-Term Debt / Total Capital	43.66	33.84	35.08	32.16	31.94
Total Liabilities / Total Assets	67.78	66.49	61.86	62.69	59.34
EBIT / Interest Expense	27.83	22.53	55.01	47.04	51.11
EBITDA / Interest Expense	34.64	27.86	65.94	55.43	59.26
(EBITDA - Capex) / Interest Expense	25.47	21.44	52.89	43.38	47.48
Total Debt / EBITDA	1.98	1.86	1.28	1.51	1.18
Net Debt / EBITDA	0.96	0.91	0.69	0.72	0.6
Total Debt / (EBITDA - Capex)	2.69	2.42	1.6	1.93	1.48
Net Debt / (EBITDA - Capex)	1.31	1.19	0.86	0.92	0.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.44	19.3	17.17	11.83	7.03
Gross Profit, 1 Yr. Growth %	23.5	11.69	21.58	12.54	10.33
EBITDA, 1 Yr. Growth %	40.26	13.55	27.92	14.75	9.97
EBITA, 1 Yr. Growth %	48.73	13.62	31.14	17.05	11.75
EBIT, 1 Yr. Growth %	50.19	14.28	31.8	16.93	11.94
Earnings From Cont. Operations, 1 Yr. Growth %	36.83	12.74	33.87	21.35	4.82
Net Income, 1 Yr. Growth %	36.68	12.26	34.25	21.55	4.93
Normalized Net Income, 1 Yr. Growth %	56.13	12.54	36.61	18.34	9.58
Diluted EPS Before Extra, 1 Yr. Growth %	37.2	13.11	35.56	22.61	5.91
Accounts Receivable, 1 Yr. Growth %	0.4	25.63	12.46	33.59	3.2
Inventory, 1 Yr. Growth %	17.36	24.8	40.59	14.73	2.36
Net Property, Plant and Equip., 1 Yr. Growth %	15.32	17.88	-2.94	12.36	16.91
Total Assets, 1 Yr. Growth %	9.6	13.15	3.68	17.96	1.38
Tangible Book Value, 1 Yr. Growth %	44.88	26.99	26.13	21.57	13.79
Common Equity, 1 Yr. Growth %	23.57	17.54	18.05	15.45	10.55
Cash From Operations, 1 Yr. Growth %	53.03	9.4	22.32	12.23	21.94
Capital Expenditures, 1 Yr. Growth %	-1.32	-1.3	9.79	26.33	0.61
Levered Free Cash Flow, 1 Yr. Growth %	97	-81.71	14.18	-5.69	54.46
Unlevered Free Cash Flow, 1 Yr. Growth %	78.27	-73.19	14.19	-4.5	52.18
Dividend Per Share, 1 Yr. Growth %	57.09	32.89	34.97	22.23	21.06
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.48	21.36	18.23	14.47	9.4
Gross Profit, 2 Yr. CAGR %	5.68	17.45	16.53	16.97	11.43
EBITDA, 2 Yr. CAGR %	1.91	14.53	20.52	21.21	12.23
EBITA, 2 Yr. CAGR %	1.19	16.55	22.07	23.95	14.25
EBIT, 2 Yr. CAGR %	8.13	31.01	22.73	24.21	14.27
Earnings From Cont. Operations, 2 Yr. CAGR %	9.2	24.2	22.85	27.46	12.78
Net Income, 2 Yr. CAGR %	9.27	23.87	22.76	27.74	12.94
Normalized Net Income, 2 Yr. CAGR %	8.56	32.56	23.99	27.21	13.74
Diluted EPS Before Extra, 2 Yr. CAGR %	10.13	24.57	23.83	28.92	13.95
Accounts Receivable, 2 Yr. CAGR %	-10.59	12.31	18.86	22.57	17.41
Inventory, 2 Yr. CAGR %	13.44	21.02	32.46	27	8.37
Net Property, Plant and Equip., 2 Yr. CAGR %	9.14	16.59	6.97	4.43	14.61
Total Assets, 2 Yr. CAGR %	12.26	11.36	8.31	10.59	9.36
Tangible Book Value, 2 Yr. CAGR %	45.22	35.64	26.56	23.83	17.61
Common Equity, 2 Yr. CAGR %	22.03	20.52	17.8	16.75	12.98
Cash From Operations, 2 Yr. CAGR %	-0.9	29.39	15.68	17.17	16.99
Capital Expenditures, 2 Yr. CAGR %	0.02	-1.31	4.1	17.77	12.74
Levered Free Cash Flow, 2 Yr. CAGR %	31.64	-37.98	42.39	-0.97	14.74
Unlevered Free Cash Flow, 2 Yr. CAGR %	28.29	-29.1	41.24	-0.22	14.85
Dividend Per Share, 2 Yr. CAGR %	9.79	44.49	33.93	28.44	21.64
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.68	10.6	19.94	16.06	11.93
Gross Profit, 3 Yr. CAGR %	6.81	7.64	18.81	15.18	14.71
EBITDA, 3 Yr. CAGR %	5.73	5.65	18.83	18.6	17.26
EBITA, 3 Yr. CAGR %	4.79	5.17	21.22	20.41	19.65
EBIT, 3 Yr. CAGR %	9.07	10.14	31.28	20.81	19.88
Earnings From Cont. Operations, 3 Yr. CAGR %	1.93	10.37	27.35	22.35	19.42
Net Income, 3 Yr. CAGR %	1.92	10.26	27.24	22.36	19.64
Normalized Net Income, 3 Yr. CAGR %	8.98	9.87	33.89	22.12	20.94
Diluted EPS Before Extra, 3 Yr. CAGR %	2.82	11.12	28.13	23.42	20.74
Accounts Receivable, 3 Yr. CAGR %	-4.35	0.14	12.36	23.58	15.74
Inventory, 3 Yr. CAGR %	11.4	17.11	27.22	26.27	18.19
Net Property, Plant and Equip., 3 Yr. CAGR %	17.64	11.98	9.68	8.73	8.43
Total Assets, 3 Yr. CAGR %	12.26	12.55	8.74	11.43	7.43
Tangible Book Value, 3 Yr. CAGR %	38.05	38.87	32.39	24.87	20.39
Common Equity, 3 Yr. CAGR %	17.82	20.52	19.69	17.01	14.64
Cash From Operations, 3 Yr. CAGR %	11.15	2.42	26.99	14.52	18.74
Capital Expenditures, 3 Yr. CAGR %	5.41	-0.42	2.26	11.03	11.75
Levered Free Cash Flow, 3 Yr. CAGR %	98.68	-32.78	65.94	20.31	11.04
Unlevered Free Cash Flow, 3 Yr. CAGR %	137.75	-24.87	57.29	20.26	11.21
Dividend Per Share, 3 Yr. CAGR %	9.76	17	41.24	29.91	25.93
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.58	8.32	11.78	12.13	15.61
Gross Profit, 5 Yr. CAGR %	6.99	6.73	10.6	11.28	15.8
EBITDA, 5 Yr. CAGR %	10.88	7.68	11.42	11.62	16.16
EBITA, 5 Yr. CAGR %	11.41	7.09	11.39	12.32	18.4
EBIT, 5 Yr. CAGR %	10.76	9.65	14.34	15.57	24.22
Earnings From Cont. Operations, 5 Yr. CAGR %	15.82	11.82	9.84	16.91	21.31
Net Income, 5 Yr. CAGR %	15.81	11.74	9.8	16.94	21.31
Normalized Net Income, 5 Yr. CAGR %	11.02	9.49	14.76	16.5	25.46
Diluted EPS Before Extra, 5 Yr. CAGR %	16.36	12.54	10.76	17.92	22.26
Accounts Receivable, 5 Yr. CAGR %	-5.38	-0.59	4.34	8.57	14.36
Inventory, 5 Yr. CAGR %	10.78	11.37	19.39	20.97	19.32
Net Property, Plant and Equip., 5 Yr. CAGR %	12.23	13.28	13.25	8.9	11.63
Total Assets, 5 Yr. CAGR %	12.26	13.4	10.66	11.76	8.99
Tangible Book Value, 5 Yr. CAGR %	23.11	114.14	33.33	32.65	26.27
Common Equity, 5 Yr. CAGR %	46.67	27.2	17.81	18.99	16.96
Cash From Operations, 5 Yr. CAGR %	4.99	16.19	12.94	8.09	22.89
Capital Expenditures, 5 Yr. CAGR %	14.94	12.98	4.88	6.49	6.33
Levered Free Cash Flow, 5 Yr. CAGR %	-13.22	-28.37	74.83	25.39	40.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	-12.5	-22.63	93.04	23.41	36.2
Dividend Per Share, 5 Yr. CAGR %	16.49	20.58	18.85	21.45	33.05