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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Page: Growth Rates

AAPL

Industry Analysis

Master Data Export


Income Statement Growth

Metric / Statistic 3Y 5Y 10Y 15Y 20Y 25Y 30Y
Revenue
Avg YoY 4.78% 8.05% 3.64% 3.20% 1.47% 2.91% 6.42%
Slope 4.59% 7.07% 4.33% 2.58% 0.66% -0.14% 1.23%
CAGR 4.74% 7.89% 3.37% 1.76% -0.03% 1.07% 4.46%
LSR 4.74% 7.56% 4.25% 2.56% 0.64% -0.09% 1.67%
Cost of Revenue
Avg YoY 6.69% 10.40% 4.56% 2.41% 2.45% 2.54% 7.27%
Slope 6.49% 8.87% 4.28% 2.62% 0.81% -0.37% 1.10%
CAGR 6.66% 10.28% 4.33% 1.35% 1.36% 0.90% 5.10%
LSR 6.66% 9.55% 4.16% 2.60% 0.75% -0.33% 1.61%
Gross Profit
Avg YoY 1.83% 5.10% 5.54% 3.87% 0.18% 3.89% 4.97%
Slope 1.52% 3.64% 5.75% 4.36% 1.07% 0.44% 0.90%
CAGR 1.49% 4.86% 5.40% 3.65% -1.06% 0.99% 2.50%
LSR 1.49% 3.77% 5.99% 4.33% 1.19% 0.62% 1.01%
Gross Margin
Avg YoY -2.52% -2.48% 2.25% 2.77% 0.17% 1.51% -0.35%
Slope -3.27% -3.60% 1.56% 1.64% 0.49% 0.64% -0.88%
CAGR -3.11% -2.81% 1.96% 1.86% -1.02% -0.08% -1.87%
LSR -3.11% -3.53% 1.67% 1.73% 0.55% 0.71% -0.65%
R&D Expenses
Avg YoY 4.11% 5.33% 9.44% 19.01% 33.65% 27.75% 23.35%
Slope 3.90% 5.26% 9.26% 11.81% 13.16% 12.67% 11.45%
CAGR 4.03% 5.27% 9.26% 17.41% 13.78% 10.52% 12.24%
LSR 4.03% 5.47% 10.27% 15.95% 21.88%
SG&A Expenses
Avg YoY -2.15% 2.29% 2.48% 7.12% 2.16% 1.89% 7.71%
Slope -2.70% 2.97% 2.75% 5.00% 3.51% 1.33% 1.95%
CAGR -2.77% 1.87% 2.23% 6.28% 0.69% 0.67% 5.52%
LSR -2.77% 3.04% 2.78% 5.88% 3.72% 1.33% 2.37%
Operating Expenses
Avg YoY 3.42% 5.92% 4.79% 3.86% 2.23% 1.63% 3.31%
Slope 2.72% 7.00% 4.46% 4.50% 2.68% 1.80% 1.80%
CAGR 2.86% 5.47% 4.53% 3.58% 1.82% 1.13% 2.76%
LSR 2.86% 7.35% 4.52% 4.61% 2.57% 1.68% 1.76%
Operating Income (EBIT)
Avg YoY -0.83% 2.80% 11.05% 6.26% 7.05% 6.06% 6.65%
Slope -2.35% -2.42% 6.18% 6.38% 4.14% 2.27% 0.97%
CAGR -2.20% 1.16% 9.45% 4.80% 3.53% -0.03% 1.27%
LSR -2.20% -2.33% 7.53% 6.82% 4.17% 2.38% 0.96%
Operating Margin
Avg YoY -4.84% -4.96% 7.80% 6.84% 8.05% 4.93% 2.39%
Slope -7.29% -9.54% 2.26% 3.71% 3.28% 2.28% -1.38%
CAGR -6.63% -6.23% 5.88% 2.98% 3.57% -1.09% -3.05%
LSR -6.63% -9.20% 3.15% 4.15% 3.51% 2.47% -0.69%
Interest Income
Avg YoY 13.99% 14.37% 17.33% 12.85% 22.54% 19.40% 14.52%
Slope 11.50% 14.63% 15.80% 11.33% 10.11% 9.79% 8.83%
CAGR 12.87% 13.65% 14.37% 8.85% 14.69% 9.23% 6.97%
LSR 12.87% 16.09% 18.09% 11.21% 11.38% 11.62%
Interest Expense
Avg YoY 19.43% 14.05% 12.51% 8.99% 11.58% 8.89% 9.25%
Slope 11.21% 14.63% 9.96% 8.28% 5.96% 6.06% 4.13%
CAGR 13.49% 10.15% 10.44% 7.39% 8.01% 4.39% 3.72%
LSR 13.49% 15.84% 10.47% 8.28% 5.98% 6.59% 4.08%
Net Interest Income
Avg YoY 32.47% 17.89% 14.04% 11.13% 12.13% 9.61% 10.69%
Slope -10.84% -14.64% -4.21% -5.46% -2.71% -3.34% -1.26%
CAGR
LSR
Other Income / Expense
Avg YoY -27.80% 135.48% 112.89% 54.62% 50.80% -31.94% -12.49%
Slope 34.11% -15.71% 1.13% 0.07% 4.37% 0.33% 0.73%
CAGR
LSR
Unusual Items
Avg YoY -27.80% 135.48% 112.89% 54.62% 50.80% -31.94% -12.49%
Slope -34.11% 15.71% -1.13% -0.07% -4.37% -0.33% -0.73%
CAGR -28.39% 53.17% 17.94% -0.86% -0.87% 0.16%
LSR -28.39% 41.74% 4.88%
EBT excl. Unusual
Avg YoY 7.26% -0.36% 12.52% 15.40% 25.60% 23.80% 27.55%
Slope 6.91% -4.09% 7.93% 8.25% 7.76% 3.45% 1.72%
CAGR 6.99% -1.53% 8.21% 6.46% 4.84% -0.62% 1.50%
LSR 6.99% -3.93% 9.42% 9.67% 8.94% 4.05% 1.73%
Pre-Tax Income
Avg YoY 2.79% 0.90% 9.79% 7.61% 7.64% 6.38% 7.59%
Slope 2.46% -2.48% 6.86% 7.15% 5.54% 2.81% 1.30%
CAGR 2.42% 0.04% 8.70% 5.55% 4.12% -0.27% 1.38%
LSR 2.42% -2.41% 8.08% 7.83% 5.60% 2.91% 1.21%
Pre-Tax Margin
Avg YoY -1.59% -6.59% 6.94% 8.75% 9.37% 6.92% 4.62%
Slope -2.33% -9.88% 2.89% 4.48% 4.59% 2.72% -1.24%
CAGR -2.22% -7.28% 5.15% 3.72% 4.15% -1.32% -2.94%
LSR -2.22% -9.27% 3.68% 5.13% 4.93% 3.01% -0.45%
Income Tax Expense
Avg YoY 30.67% 8.81% 14.06% 9.05% 7.81% 9.75% 12.08%
Slope 26.23% 2.73% 4.50% 4.24% 2.36% 1.63% 0.79%
CAGR 28.46% 5.22% 10.13% 5.22% 3.87% 0.71% 2.76%
LSR 28.46% 1.92% 5.20% 4.44% 2.33% 1.86% 1.01%
Net Income
Avg YoY -3.85% -4.46% 10.49% 6.97% 8.77% 7.47% 32.53%
Slope -4.78% -8.09% 6.05% 7.35% 5.96% 3.52% 2.38%
CAGR -4.50% -5.31% 8.03% 4.55% 4.39% -0.15% 1.09%
LSR -4.50% -7.78% 7.41% 8.16% 6.10% 3.62% 3.02%
Net Margin
Avg YoY -7.86% -11.52% 7.71% 7.78% 10.01% 6.15% 19.50%
Slope -9.66% -15.48% 2.25% 4.81% 5.03% 3.50% 0.27%
CAGR -8.83% -12.23% 4.50% 2.74% 4.42% -1.21% -3.22%
LSR -8.83% -14.27% 3.03% 5.46% 5.42% 3.72% 1.33%
Depreciation & Amortization
Avg YoY 7.95% 11.75% 9.14% 7.44% 5.53% 5.24% 22.89%
Slope 7.67% 11.22% 8.88% 7.51% 5.56% 4.39% -0.41%
CAGR 7.93% 11.53% 8.78% 7.09% 5.15% 4.72% 4.15%
LSR 7.93% 12.10% 9.14% 7.55% 5.26% 4.03% 1.06%
EBITDA
Avg YoY 2.57% 5.81% 9.61% 6.26% 5.64% 4.35% 7.42%
Slope 2.07% 3.07% 7.24% 6.82% 4.69% 3.05% 0.42%
CAGR 2.03% 5.26% 9.14% 5.75% 4.20% 1.50% 2.29%
LSR 2.03% 3.22% 8.16% 7.16% 4.57% 2.91% 0.64%
EBITDA Margin
Avg YoY -1.75% -1.99% 6.37% 6.51% 6.80% 3.47% 2.39%
Slope -2.74% -4.09% 3.10% 4.04% 3.70% 2.94% -2.37%
CAGR -2.59% -2.44% 5.58% 3.92% 4.24% 0.42% -2.07%
LSR -2.59% -4.04% 3.75% 4.48% 3.90% 3.01% -1.01%
NOPAT
Avg YoY -0.83% 2.80% 11.05% 6.26% 7.05% 6.06% 6.65%
Slope -2.35% -2.42% 6.18% 6.38% 4.14% 2.27% 0.97%
CAGR -2.20% 1.16% 9.45% 4.80% 3.53% -0.03% 1.27%
LSR -2.20% -2.33% 7.53% 6.82% 4.17% 2.38% 0.96%
NOPAT Margin
Avg YoY -4.84% -4.96% 7.80% 6.84% 8.05% 4.93% 2.39%
Slope -7.29% -9.54% 2.26% 3.71% 3.28% 2.28% -1.38%
CAGR -6.63% -6.23% 5.88% 2.98% 3.57% -1.09% -3.05%
LSR -6.63% -9.20% 3.15% 4.15% 3.51% 2.47% -0.69%
Owner's Earnings
Avg YoY 4.82% -4.40% 14.59% 16.21% 24.60% 3.56% 10.17%
Slope 2.89% -9.46% 4.37% 9.64% 7.36% 6.50% -0.80%
CAGR 2.76% -6.05% 7.73% 6.64% 4.00% 1.54% 0.62%
LSR 2.76% -8.86% 5.13% 13.33% 8.52%
Owner's Earnings Margin
Avg YoY 0.67% -10.97% 11.83% 15.19% 21.92% -2.06% -0.81%
Slope -2.06% -17.29% 0.51% 7.53% 6.69% 6.63% -4.19%
CAGR -1.90% -12.92% 4.21% 4.79% 4.04% 0.46% -3.68%
LSR -1.90% -15.27% 0.85% 10.50% 7.83%
EPS (Basic)
Avg YoY -6.94% -3.80% 8.12% 5.24% 7.47% 10.22% 34.39%
Slope -8.68% -7.71% 6.35% 6.01% 4.28% 3.49% 2.91%
CAGR -7.95% -4.84% 6.27% 3.20% 3.17% 0.54% 1.83%
LSR -7.95% -7.54% 7.27% 6.29% 4.28% 3.82% 3.74%
EPS (Diluted)
Avg YoY -6.96% -3.84% 8.15% 5.24% 7.41% 10.14% 34.30%
Slope -8.72% -7.74% 6.42% 6.02% 4.29% 3.49% 2.90%
CAGR -7.99% -4.87% 6.29% 3.20% 3.14% 0.53% 1.82%
LSR -7.99% -7.57% 7.37% 6.28% 4.28% 3.81% 3.73%
Shares (Basic)
Avg YoY 3.80% -0.38% 1.93% 1.56% 1.41% 1.04% 0.73%
Slope 3.64% -0.27% 0.05% 1.68% 1.72% -0.41% -0.80%
CAGR 3.75% -0.49% 1.66% 1.31% 1.18% -0.68% -0.72%
LSR 3.75% -0.26% 0.13% 1.76% 1.74% -0.19% -0.69%
Shares (Diluted)
Avg YoY 3.84% -0.34% 1.92% 1.58% 1.46% 1.05% 0.74%
Slope 3.68% -0.24% -0.04% 1.68% 1.72% -0.40% -0.78%
CAGR 3.79% -0.45% 1.63% 1.31% 1.21% -0.68% -0.71%
LSR 3.79% -0.23% 0.03% 1.76% 1.75% -0.18% -0.68%

Balance Sheet Growth

Metric / Statistic 3Y 5Y 10Y 15Y 20Y 25Y 30Y
Cash & Cash Equivalents
Avg YoY 0.37% 9.18% 6.69% 4.04% 4.37% 6.95% 15.00%
Slope 0.13% 6.82% 8.85% 4.80% 3.09% 3.73% 3.98%
CAGR 0.13% 8.65% 5.79% 2.97% 3.27% 4.06% 9.00%
LSR 0.13% 7.48% 9.23% 4.43% 2.76% 3.87% 5.08%
Short-Term Investments
Avg YoY 1.74% 11.08% 57.87% 89.05% 69.27% 174.74% 2,261.24%
Slope 0.18% 11.65% 24.02% 14.94% 10.03% 10.49% 6.96%
CAGR 0.19% 8.73% 26.58% 15.56% 7.83% 27.50% 22.57%
LSR 0.19% 12.92% 38.49% 19.05% 8.98% 17.95% 15.35%
Cash & Short-Term Investments
Avg YoY 0.15% 9.04% 9.77% 5.78% 5.26% 8.79% 20.83%
Slope 0.15% 8.00% 11.84% 6.60% 4.24% 4.77% 4.46%
CAGR 0.15% 8.67% 8.35% 4.57% 4.06% 5.26% 10.00%
LSR 0.15% 8.78% 12.86% 6.04% 3.64% 4.85% 5.62%
Net Receivables
Avg YoY 5.36% 5.69% 9.67% 11.16% 5.04% 26.77% 26.08%
Slope 5.10% 5.27% 8.00% 6.30% 3.80% 4.86% 5.66%
CAGR 5.11% 5.49% 8.91% 8.08% 0.24% 7.39% 8.44%
LSR 5.11% 5.36% 8.49% 6.98% 4.26% 6.10% 7.62%
Inventory
Avg YoY -4.83% 10.28% 3.87% 2.66% 0.30% 4.29% 12.36%
Slope -5.31% 6.52% 5.71% 2.05% -0.23% 0.23% 1.02%
CAGR -5.06% 8.99% 2.40% 1.54% -0.84% 1.04% 3.78%
LSR -5.06% 7.54% 5.69% 1.73% -0.32% 0.22% 1.41%
Other Current Assets
Avg YoY 1.16% 8.75% 2.59% 1.00% 1.72% 1.98% 10.79%
Slope 1.06% 8.26% -1.68% -0.82% -0.46% -1.83% -1.15%
CAGR 1.08% 8.44% 1.00% -0.95% -2.21% -3.56% 3.60%
LSR 1.08% 9.02% -1.48% -0.81% -0.27% -1.26% -0.43%
Total Current Assets
Avg YoY 0.61% 7.88% 6.99% 4.73% 1.82% 6.95% 13.29%
Slope 0.54% 6.77% 8.14% 4.78% 2.52% 2.89% 3.22%
CAGR 0.53% 7.59% 6.41% 4.24% 0.89% 3.18% 6.74%
LSR 0.53% 7.30% 8.37% 4.50% 2.29% 2.95% 3.85%
Property, Plant & Equipment
Avg YoY 7.55% 12.67% 6.97% 4.99% 3.43% 9.53% 13.63%
Slope 7.21% 10.77% 8.02% 4.18% 2.41% 2.00% 3.12%
CAGR 7.31% 12.44% 6.29% 4.29% 2.78% 3.70% 7.12%
LSR 7.31% 11.69% 7.99% 3.85% 2.09% 2.16% 4.10%
Goodwill
Avg YoY -3.32% 7.78% 7.94% 40.80% 47.93% 39.71% 39.71%
Slope -3.37% 7.71% 5.43% 13.44% 14.64% 14.16% 13.17%
CAGR -3.33% 5.64% 4.70% 21.82%
LSR -3.33% 8.40% 5.76% 23.57%
Intangible Assets
Avg YoY -9.08% 2.03% 5.46% 4.08% 5.77% 17.69% 38.33%
Slope -10.14% -0.71% 6.98% 3.68% 3.86% 6.12% 7.27%
CAGR -9.41% 1.07% 4.45% 2.70% 3.95% 10.73% 16.70%
LSR -9.41% -0.60% 7.61% 3.59% 3.98% 9.19% 14.76%
Long-Term Investments
Avg YoY -20.41% 1.76% 9.91% 23.94% 17.17% 28.75% 31.09%
Slope -23.36% -0.27% 8.46% 13.22% 12.55% 11.46% 11.18%
CAGR -22.68% -2.32% 4.99% 17.78% 8.89% 9.56%
LSR -22.68% -0.85% 9.38% 20.62% 16.62% 14.63%
Tax Assets
Avg YoY -8.60% 14.18% 15.22% 8.27% 10.38% 32.24% 23.13%
Slope -13.90% 9.53% 16.36% 11.75% 6.94% 7.26% 6.73%
CAGR -14.87% 7.77% 12.00% 4.98% 6.08% 12.90% 1.25%
LSR -14.87% 10.98% 19.12% 11.45% 6.14% 8.64%
Other Non-Current Assets
Avg YoY 48.76% 39.71% 32.52% 21.26% 16.89% 18.58% -8.43%
Slope 33.21% 20.77% 22.37% 12.49% 8.39% 5.75% 5.49%
CAGR 34.60% 30.49% 26.55% 11.43% 9.50% 9.00%
LSR 34.60% 21.54% 28.12% 11.60% 6.33% 3.96%
Other Assets
Avg YoY
Slope
CAGR
LSR
Total Non-Current Assets
Avg YoY 4.25% 12.04% 8.93% 6.79% 5.20% 11.10% 14.65%
Slope 4.02% 9.27% 9.88% 6.86% 4.93% 4.33% 4.95%
CAGR 4.01% 11.57% 8.30% 6.24% 4.64% 5.62% 8.64%
LSR 4.01% 10.24% 10.39% 6.63% 4.53% 4.36% 5.98%
Total Assets
Avg YoY 1.85% 9.24% 7.55% 5.29% 2.64% 7.60% 13.26%
Slope 1.74% 7.62% 8.72% 5.46% 3.28% 3.34% 3.75%
CAGR 1.73% 8.92% 7.04% 4.88% 1.93% 3.89% 7.31%
LSR 1.73% 8.29% 9.03% 5.18% 2.96% 3.35% 4.43%
Accounts Payable
Avg YoY 8.20% 7.82% 7.61% 5.61% 1.55% 6.53% 13.27%
Slope 7.71% 6.34% 8.16% 5.41% 1.99% 1.64% 2.39%
CAGR 8.13% 7.46% 6.80% 4.68% -0.63% 2.82% 7.86%
LSR 8.13% 6.67% 8.53% 5.29% 2.04% 1.60% 3.06%
Short-Term Debt
Avg YoY -10.92% 5.77% 6.95% 5.30% 5.14% 7.10% 12.55%
Slope -12.66% 3.53% 5.49% 5.21% 3.70% 3.80% 3.37%
CAGR -11.51% 3.52% 4.43% 3.05% 3.13% 2.13% 6.09%
LSR -11.51% 3.88% 6.05% 5.36% 3.57% 4.18% 4.10%
Tax Payables
Avg YoY -12.07% 6.26% 5.49% 6.99% 4.32% 17.22% 45.96%
Slope -23.56% -2.71% 4.48% 4.68% 2.90% 4.94% 4.76%
CAGR -19.03% 0.30% 2.27% 4.16% 1.05% 7.00% 1.55%
LSR -19.03% -3.02% 4.32% 4.70% 2.74% 6.51% 6.60%
Deferred Revenue
Avg YoY -94.76% -49.98% 4.25% 8.18% 4.75% 15.19% 21.06%
Slope -135.81% -50.77% -2.56% 4.58% 4.93% 1.71% 3.84%
CAGR -99.40% -92.67% -65.61% -47.12% -39.17% -31.76% -23.60%
LSR -99.40% -90.61% -42.82% -17.87% -8.92% -6.84% -0.51%
Other Current Liabilities
Avg YoY 25.83% 21.47% 13.52% 10.60% 13.94% 11.40% 25.60%
Slope 20.68% 21.07% 8.63% 1.52% 1.88% 2.48% 3.26%
CAGR 24.51% 20.00% 7.90% 0.98% 6.31% 4.00% 8.61%
LSR 24.51% 23.71% 8.26% 1.46% 1.84% 2.60% 4.53%
Total Current Liabilities
Avg YoY 0.30% 4.97% 5.92% 3.78% 1.94% 5.28% 11.09%
Slope 0.26% 3.82% 6.71% 4.60% 2.55% 2.31% 2.88%
CAGR 0.25% 4.80% 5.47% 3.11% 0.75% 2.68% 7.05%
LSR 0.25% 4.04% 7.13% 4.55% 2.43% 2.27% 3.58%
Long-Term Debt
Avg YoY -4.41% 13.44% 14.32% 13.59% 11.04% 18.39% 22.43%
Slope -4.77% 9.65% 12.47% 10.12% 8.45% 4.73% 3.19%
CAGR -4.58% 11.92% 13.16% 11.09% 8.00% 4.84% 4.17%
LSR -4.58% 11.30% 14.12% 10.91% 8.57% 5.55% 3.69%
Capital Lease Obligations
Avg YoY 25.40% 10.52% 540.16% 540.16% 540.16% 540.16% 540.16%
Slope 21.60% 10.15% 30.44% 26.85% 22.59% 19.25% 16.70%
CAGR 25.04% 9.34%
LSR 25.04% 10.06%
Deferred Tax Liabilities
Avg YoY 14.94% 21.26% 20.04% 12.72% 13.81% 23.13% 16.13%
Slope 13.98% 17.79% 15.74% 12.31% 10.12% 10.23% 8.61%
CAGR 14.89% 21.06% 18.30% 9.97% 11.07% 14.97% 7.59%
LSR 14.89% 20.44% 17.89% 12.74% 9.94% 13.67% 9.58%
Other Non-Current Liabilities
Avg YoY 8.13% 38.95% 20.85% 18.36% 13.35% 16.48% 15.92%
Slope 3.80% 26.73% 18.07% 12.26% 7.45% 6.23% 5.72%
CAGR 4.28% 27.23% 14.02% 11.49% 4.90% 7.08% 7.05%
LSR 4.28% 36.46% 18.03% 11.09% 5.97% 5.14% 5.00%
Total Non-Current Liabilities
Avg YoY 0.48% 14.61% 16.09% 13.52% 10.41% 16.78% 20.22%
Slope 0.48% 12.28% 14.86% 11.67% 9.28% 5.95% 4.34%
CAGR 0.48% 13.68% 15.40% 12.14% 8.36% 6.09% 5.19%
LSR 0.48% 14.19% 17.01% 12.33% 9.05% 6.05% 4.32%
Total Liabilities
Avg YoY 0.33% 6.71% 7.35% 4.87% 2.80% 6.29% 11.18%
Slope 0.31% 5.58% 8.20% 5.77% 3.56% 2.85% 3.11%
CAGR 0.30% 6.49% 7.04% 4.36% 1.73% 3.24% 6.54%
LSR 0.30% 5.99% 8.77% 5.71% 3.33% 2.75% 3.62%
Preferred Stock
Avg YoY 286.38% 115.08% 115.08% 72.06% 72.06%
Slope -43.81% -17.64% -2.38% -9.90% -3.54%
CAGR
LSR
Common Stock
Avg YoY -2.58% 1.71% 2.78% 0.94% 3.23% 8.04% 14.65%
Slope -2.70% 1.31% 3.54% 1.31% 1.53% 1.85% 2.74%
CAGR -2.64% 1.58% 2.62% 0.60% 2.39% 2.66% 5.49%
LSR -2.64% 1.35% 3.65% 1.28% 1.63% 2.39% 4.05%
Retained Earnings
Avg YoY -9.56% -2.40% 4.54% 4.23% 4.30% 11.55% 21.49%
Slope -10.00% -2.44% 6.77% 5.18% 4.56% 4.96% 5.03%
CAGR -9.71% -2.77% 3.65% 3.13% 2.24% 5.81% 9.64%
LSR -9.71% -2.56% 7.48% 5.32% 4.63% 5.51% 6.58%
Accumulated OCI
Avg YoY 36.74% 34.18% 24.80% 144.41% 626.96% 530.89% 474.12%
Slope 13.38% 13.56% 14.42% 23.86% 20.93% 18.35% 16.60%
CAGR 11.94% 21.33% 18.36%
LSR 11.94% 13.19% 15.94%
Minority Interest
Avg YoY 10.25% 9.16% 15.59% 10.11% 7.46% 9.04% 20.35%
Slope 9.46% 7.39% 13.99% 8.07% 3.87% 2.97% 3.88%
CAGR 10.12% 8.66% 11.11% 4.85% 2.25% 3.23% 7.88%
LSR 10.12% 7.82% 15.87% 7.62% 3.08% 2.31% 4.89%
Total Shareholders’ Equity
Avg YoY -5.42% 0.78% 4.90% 3.84% 4.24% 10.29% 17.59%
Slope -5.68% 0.00% 6.38% 4.86% 4.20% 4.33% 4.58%
CAGR -5.46% 0.55% 4.44% 3.34% 3.07% 5.08% 8.20%
LSR -5.46% 0.02% 6.91% 4.92% 4.23% 4.76% 5.94%
Total Equity
Avg YoY -4.72% 1.14% 5.19% 3.94% 4.23% 9.90% 16.95%
Slope -4.92% 0.35% 6.69% 4.99% 4.18% 4.27% 4.55%
CAGR -4.76% 0.93% 4.73% 3.41% 3.02% 4.96% 8.18%
LSR -4.76% 0.39% 7.25% 5.03% 4.18% 4.64% 5.88%
Total Liabilities & Equity
Avg YoY -1.49% 4.63% 6.49% 4.46% 3.16% 7.19% 12.60%
Slope -1.54% 3.67% 7.64% 5.48% 3.79% 3.36% 3.61%
CAGR -1.52% 4.42% 6.19% 4.02% 2.13% 3.75% 7.02%
LSR -1.52% 3.90% 8.21% 5.46% 3.62% 3.37% 4.33%
Tangible Assets
Avg YoY 2.35% 9.58% 7.75% 5.33% 2.58% 7.46% 13.15%
Slope 2.24% 7.94% 8.86% 5.41% 3.13% 3.14% 3.55%
CAGR 2.23% 9.28% 7.18% 4.86% 1.79% 3.72% 7.15%
LSR 2.23% 8.63% 9.15% 5.11% 2.80% 3.12% 4.19%
Tangible Equity
Avg YoY -4.07% 0.74% 5.23% 3.88% 4.01% 9.36% 16.49%
Slope -4.21% -0.01% 6.74% 4.70% 3.73% 3.60% 3.87%
CAGR -4.10% 0.58% 4.77% 3.02% 2.49% 4.20% 7.46%
LSR -4.10% 0.02% 7.31% 4.76% 3.69% 3.85% 5.00%
Tangible Book Value
Avg YoY -4.07% 0.74% 5.23% 3.88% 4.01% 9.36% 16.49%
Slope -4.21% -0.01% 6.74% 4.70% 3.73% 3.60% 3.87%
CAGR -4.10% 0.58% 4.77% 3.02% 2.49% 4.20% 7.46%
LSR -4.10% 0.02% 7.31% 4.76% 3.69% 3.85% 5.00%
Total Investments
Avg YoY -19.71% 0.71% 7.88% 12.07% 8.66% 13.37% 36.79%
Slope -21.59% 0.14% 9.11% 10.67% 9.57% 8.14% 7.61%
CAGR -20.30% -1.78% 5.21% 9.92% 6.44% 5.25% 22.87%
LSR -20.30% -0.18% 9.95% 12.67% 10.41% 8.52%
Net Debt
Avg YoY 62.40% 30.38% -81.40% -46.27% -22.59% -62.44% -75.60%
Slope -43.51% -9.04% -11.68% 4.04% 4.06% -2.26% -6.99%
CAGR
LSR

Capital Structure Growth

Metric / Statistic 3Y 5Y 10Y 15Y 20Y 25Y 30Y
Working Capital
Avg YoY 0.37% 7.88% 3.84% 6.65% 2.85% 7.10% 12.03%
Slope 0.33% 6.97% 5.59% 4.51% 0.50% 1.43% 2.28%
CAGR 0.33% 7.58% 1.60% 3.33% -0.13% 2.67% 4.93%
LSR 0.33% 7.61% 5.75% 4.40% 0.42% 1.58% 3.04%
Total Capital
Avg YoY -1.06% 6.57% 6.71% 4.89% 3.28% 5.65% 10.60%
Slope -1.17% 5.03% 8.09% 5.41% 3.43% 2.96% 3.38%
CAGR -1.15% 6.22% 6.35% 4.37% 2.61% 2.89% 6.68%
LSR -1.15% 5.44% 8.59% 5.30% 3.16% 2.92% 4.02%
Capital Employed
Avg YoY 4.17% 9.58% 5.01% 6.91% 4.39% 12.27% 19.10%
Slope 4.01% 7.98% 6.68% 5.20% 3.69% 3.06% 3.61%
CAGR 4.02% 9.36% 3.80% 5.30% 2.99% 4.73% 6.73%
LSR 4.02% 8.59% 6.70% 5.22% 3.46% 3.28% 4.78%
Invested Capital
Avg YoY -1.65% 5.53% 6.93% 5.95% 3.60% 5.87% 10.11%
Slope -1.73% 4.28% 7.78% 5.65% 3.57% 2.66% 3.15%
CAGR -1.70% 5.24% 6.61% 5.08% 2.35% 2.47% 6.00%
LSR -1.70% 4.61% 8.38% 5.74% 3.37% 2.64% 3.69%

Cash Flow Growth

Metric / Statistic 3Y 5Y 10Y 15Y 20Y 25Y 30Y
Net Income
Avg YoY -10.55% -2.36% 8.67% 6.07% 7.80% 10.17%
Slope -13.24% -6.89% 6.84% 5.87% 3.82% 3.12%
CAGR -11.83% -3.89% 7.11% 2.86% 2.72% 0.32%
LSR -11.83% -6.85% 7.92% 6.19% 3.78% 3.29%
Depreciation & Amortization
Avg YoY 4.13% 12.62% 8.12% 6.45% 4.73% 8.89%
Slope 3.97% 11.21% 8.96% 6.00% 3.85% 4.14%
CAGR 3.99% 12.04% 7.03% 5.71% 3.89% 5.43%
LSR 3.99% 12.36% 9.11% 5.69% 3.45% 4.23%
Deferred Income Tax
Avg YoY 100.00% -12.19% -28.02% -28.02% -28.02% -36.02%
Slope 150.00% 48.32% -1.10% -13.88% -15.31% -14.74%
CAGR
LSR
Stock-Based Compensation
Avg YoY -67.44% -36.14% 21.07% 78.09% 552.62% 552.62%
Slope -89.55% -37.51% 1.35% 12.14% 13.62% 13.52%
CAGR -68.59% -45.75% -10.34% 17.12%
LSR -68.59% -45.25% -3.34% 25.03%
Change in Working Capital
Avg YoY 117.20% -5.94% -95.84% -58.89% -47.13% -6.26%
Slope 350.40% 61.24% 2.22% 3.80% 1.84% -6.67%
CAGR
LSR
Accounts Receivable
Avg YoY -304.65% -150.50% -120.19% -105.25% -105.25% -105.25%
Slope -89.09% -10.49% -15.50% -15.39% -16.16% -15.14%
CAGR 121.05% 22.69% 34.36%
LSR 121.05% -0.50% 17.18%
Inventory
Avg YoY 1.62% -5.99% -414.41% -585.57% -360.50% -303.09%
Slope 176.60% 57.29% 0.13% 0.23% -6.54% -1.64%
CAGR -70.46% -48.94% -15.62% -18.43% -3.54% -6.62%
LSR
Accounts Payable
Avg YoY 207.63% 92.36% 1,897.19% 1,897.19% 1,897.19% 1,897.19%
Slope 140.07% -30.61% 4.62% 15.44% 16.18% 15.16%
CAGR -12.03% 17.58%
LSR
Other Working Capital
Avg YoY 14.84% -56.68% -19.44% -81.92% -74.75% -43.66%
Slope 24.01% -23.88% -43.46% 1.73% 3.23% -33.49%
CAGR -25.94% 27.40% 8.86% -2.86%
LSR -25.94% 38.39%
Other Non-Cash Items
Avg YoY 75.51% 31.52% 38.97% 50.75% 193.93% 162.52%
Slope 43.73% 9.55% 7.08% 6.43% 2.65% 11.45%
CAGR 46.56% 13.13% 5.35% 10.59% 2.50%
LSR 46.56% 5.62% 9.23% 7.02% 5.83%
Net Cash from Operating Activities
Avg YoY 9.59% 10.02% 10.99% 10.94% 9.56% 14.36%
Slope 8.21% 11.09% 9.43% 7.93% 3.87% 2.81%
CAGR 8.92% 9.27% 7.95% 7.53% 5.24% 4.01%
LSR 8.92% 11.85% 10.08% 8.25% 3.62% 2.75%
Capital Expenditures (PPE)
Avg YoY 3.84% -8.23% -8.21% -5.11% -5.14% -7.87%
Slope 4.39% -5.46% -8.91% -4.43% -3.10% -2.57%
CAGR -4.18% 7.33% 6.69% 3.81% 3.78% 2.41%
LSR -4.18% 6.10% 9.87% 4.21% 2.87% 2.54%
Acquisitions (Net)
Avg YoY 44.19% -22.11% -94.70% -121.78% -85.41% -67.98%
Slope 1,289.07% -78.25% 114.41% 52.06% 3.87% 1.26%
CAGR -84.43% -45.49% -30.14% -26.03% -22.40%
LSR
Purchases of Investments
Avg YoY 20.59% -1.93% -12.25% -24.00% -37.20% -42.47%
Slope 22.65% 0.15% -12.61% -15.68% -14.45% -11.22%
CAGR -21.28% -1.11% 9.70% 17.73% 22.74% 7.41%
LSR -21.28% -0.39% 14.87% 22.69% 21.83% 13.10%
Sales / Maturities of Investments
Avg YoY 42.01% 24.05% 27.73% 30.20% 32.34% 34.72%
Slope 27.96% 19.64% 16.21% 17.18% 14.43% 12.32%
CAGR 36.78% 19.82% 19.77% 23.18% 13.85% 10.21%
LSR 36.78% 21.38% 18.06% 24.55% 17.76% 13.71%
Other Investing Activities
Avg YoY -145.72% 16.03% 120.87% 0.47% 16.71% 1.95%
Slope -232.37% -48.19% -8.45% 10.87% 6.10% 6.05%
CAGR
LSR
Net Cash from Investing Activities
Avg YoY 12.38% -0.66% -5.12% -0.51% -6.56% -22.43%
Slope 13.74% 2.28% -4.71% -2.43% -3.30% -2.20%
CAGR -12.60% -0.56% 3.68% -0.71% 3.34% 1.57%
LSR -12.60% -2.25% 5.12% 2.42% 3.57% 2.84%
Net Debt Issuance
Avg YoY 69.44% 18.50% 128.31% 32.73% 117.42% 131.74%
Slope 40.88% -7.75% 10.80% 3.97% 7.97% 11.21%
CAGR 42.93% -4.44% -0.42% 9.27%
LSR 42.93% -6.92%
Long-Term Debt Issuance
Avg YoY 88.24% 29.26% 90.93% 46.53% 109.21% 157.36%
Slope 60.49% -3.49% 10.31% 7.65% 8.36% 8.70%
CAGR 87.60% 3.23% 8.39% 11.67%
LSR 87.60% -4.31%
Short-Term Debt Issuance
Avg YoY 3.50% -57.18% -315.97% -185.16% -359.92% -359.92%
Slope 33.88% -20.83% -31.12% -17.77% -6.54% -8.99%
CAGR -44.47% 9.56% 26.75% -0.61% 10.73%
LSR -44.47% 24.47%
Net Stock Issuance
Avg YoY 100.00% 24.58% 43.44% 43.77% 173.76% 128.02%
Slope -137.31% -85.09% -50.89% -55.70% -76.53% -105.46%
CAGR 375.74% 125.27%
LSR
Common Stock Issuance
Avg YoY -99.99% 1,556.72% 1,004.68% 646.14% 714.39% 570.74%
Slope -149.96% -24.31% 4.97% -0.45% -2.12% -0.73%
CAGR
LSR
Common Stock Repurchased
Avg YoY -179.27% -134.64% -226.16% -185.39% -4,784.76% -4,377.70%
Slope -83.38% -63.84% -41.15% -31.58% -21.09% -15.52%
CAGR 120.21% 101.84% 8.65%
LSR 120.21% 92.29%
Preferred Stock Issuance
Avg YoY
Slope
CAGR
LSR
Net Dividends Paid
Avg YoY 6.80% -20.25% -7.79% -6.71% -7.24% -11.97%
Slope 7.11% -11.70% -8.07% -4.61% -4.27% -5.04%
CAGR -6.82% 16.72% 5.28% 4.50% 5.18% 8.48%
LSR -6.82% 15.07% 8.06% 4.23% 4.16% 5.79%
Common Dividends Paid
Avg YoY 10.19% -16.19% -10.61% -8.68% -7.64% -12.15%
Slope 12.50% -6.95% -9.57% -6.35% -4.92% -5.33%
CAGR -11.25% 12.05% 8.12% 5.61% 5.12% 8.41%
LSR -11.25% 8.95% 10.21% 6.15% 4.63% 5.79%
Preferred Dividends Paid
Avg YoY
Slope
CAGR
LSR
Other Financing Activities
Avg YoY -24.68% -91.86% -81.13% -1.18% -20.90% 272.24%
Slope -16.92% -32.07% -116.37% -101.09% -91.70% -304.43%
CAGR 20.55% 62.75%
LSR 20.55% 57.49%
Net Cash from Financing Activities
Avg YoY -53.32% -126.98% -311.70% -215.51% -224.50% -103.97%
Slope -42.28% -114.10% -38.93% -34.56% -14.02% -15.99%
CAGR 52.62% 8.07% 21.63% 5.69%
LSR 52.62%
Effect of FX on Cash
Avg YoY -17.99% 187.32% -79.61% -22.33% 52.61% 265.09%
Slope -38.63% 62.61% 58.65% 46.41% 32.46% 27.05%
CAGR -28.86% 12.10%
LSR -28.86%
Net Change in Cash
Avg YoY 80.31% 12.88% 69.04% 52.61% 43.51% 64.00%
Slope 207.10% -52.26% -2.18% 2.67% -1.57% 4.26%
CAGR
LSR
Cash at Beginning of Period
Avg YoY 5.09% 14.84% 6.76% 4.87% 5.70% 5.61%
Slope 4.75% 12.16% 7.43% 3.76% 3.34% 3.18%
CAGR 4.74% 14.20% 5.41% 3.66% 4.61% 3.07%
LSR 4.74% 13.63% 7.31% 3.40% 3.12% 3.16%
Cash at End of Period
Avg YoY 1.95% 10.70% 5.67% 4.54% 4.94% 6.51%
Slope 1.86% 8.65% 8.21% 4.21% 2.58% 2.85%
CAGR 1.90% 10.17% 4.70% 3.22% 3.71% 2.68%
LSR 1.90% 9.68% 8.40% 3.92% 2.33% 2.92%
Operating Cash Flow
Avg YoY 10.45% 10.45% 11.18% 11.06% 9.65% 14.43%
Slope 8.04% 11.63% 9.71% 8.09% 3.98% 2.88%
CAGR 8.92% 9.27% 7.95% 7.53% 5.24% 4.01%
LSR 8.92% 12.49% 10.35% 8.38% 3.69% 2.79%
Capital Expenditure
Avg YoY 2.65% -8.82% -8.47% -5.28% -5.29% -7.98%
Slope 2.81% -6.59% -9.33% -4.67% -3.26% -2.67%
CAGR -2.74% 8.14% 7.05% 4.03% 3.96% 2.54%
LSR -2.74% 7.35% 10.32% 4.42% 3.00% 2.62%
Free Cash Flow
Avg YoY 57.65% 29.97% 70.48% 110.47% 104.49% 80.61%
Slope 27.98% 23.16% 12.41% 14.05% 6.62% 5.24%
CAGR 40.80% 15.08% 6.15% 14.60% 1.78%
LSR 40.80% 25.92%

Free Cash Flow Growth

Metric / Statistic 3Y 5Y 10Y 15Y 20Y 25Y 30Y
EBITDA
Avg YoY -1.76% 2.04% 112.18% 85.08% 59.86% 85.48% 74.85%
Slope -4.32% 0.58% 5.04% -2.44% -4.66% -0.76% 1.03%
CAGR -4.61% -0.26% -3.28% 0.06% -6.90% 3.27% 2.89%
LSR -4.61% 0.46% 9.76% -2.27% -4.54% 0.19% 1.67%
(-) Tax Adjustment
Avg YoY 20.88% 6.90% 117.61% 99.56% 69.96% 134.97% 118.00%
Slope 16.97% 5.01% 1.83% -6.96% -7.04% -1.78% 0.44%
CAGR 19.64% 4.90% -2.01% -0.25% -7.12% 4.29% 4.72%
LSR 19.64% 4.91% 6.83% -5.33% -7.23% -0.58% 1.30%
Change In Working Capital
Avg YoY 117.20% -5.94% -95.84% -58.89% -47.13% -6.26% 84.46%
Slope 350.40% 61.24% 2.22% 3.80% 1.84% -6.67% -104.74%
CAGR -4.69% -1.23%
LSR
Capital Expenditure
Avg YoY 2.65% -8.82% -8.47% -5.28% -5.29% -7.98% -7.54%
Slope 2.81% -6.59% -9.33% -4.67% -3.26% -2.67% -2.39%
CAGR
LSR
Unlevered Free Cash Flow
Avg YoY -23.32% -4.12% 84.13% 67.36% 47.58% 56.72% -12.15%
Slope -29.25% -11.78% 2.74% -3.80% -6.09% -0.97% 3.56%
CAGR -29.27% -13.47% -10.14% -4.25% -10.68% 10.45% 4.44%
LSR -29.27% -13.53%
Net Interest After Taxes
Avg YoY -20.62% -15.93% -11.97% -10.32% -12.03% -13.95% -14.91%
Slope -3.38% -13.64% -5.21% -4.90% -1.82% -3.28% -1.85%
CAGR
LSR
Net Debt Issuance
Avg YoY 69.44% 18.50% 128.31% 32.73% 117.42% 131.74% -51.24%
Slope 40.88% -7.75% 10.80% 3.97% 7.97% 11.21% 22.46%
CAGR 42.93% -4.44% -0.42% 9.27%
LSR 42.93% -6.92%
Levered Free Cash Flow
Avg YoY -16.48% -6.35% 155.85% 108.72% 79.64% -285.75% -337.21%
Slope -19.62% -10.47% 3.78% -2.82% -4.99% -0.19% 4.31%
CAGR -19.64% -10.84% -5.99% -3.16% -8.97% 7.27%
LSR -19.64% -11.13% 9.26% -4.14% -5.42%