Cash flow Bharat Electronics Limited

Equities

BEL

INE263A01024

Aerospace & Defense

Market Closed - Bombay S.E. Other stock markets 10:20:59 14/01/2026 GMT			5-day change	1st Jan Change
417.90 ^INR	+1.11%		+0.55%	+4.55%

01-02	Bharat Electronics Bags Additional Orders Worth INR5.69 Billion	MT
01-02	Avantel Bags New Order Worth INR18 Million for Supply of Satcom Products	MT

58981fe1a7.SU_qDKoEm5D8NEF5zZkGVBS3ieG2ekEheYpQSFWKFug.Lh-waOYz0sG0YSkArqpyBH3P8NH1PHIWH8s8JCa7Vd4tPLhawinv061TFA

Published financial data: BHARAT ELECTRONICS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	141B	154B	177B	203B	238B
Other Revenues, Total	-	-	-	-	-
Total Revenues	141B	154B	177B	203B	238B
Cost of Goods Sold, Total	78.96B	91.19B	102B	109B	124B
Gross Profit	62.13B	62.49B	75.53B	94.02B	113B
Selling General & Admin Expenses, Total	19.56B	21.31B	23.67B	25.36B	28.1B
Depreciation & Amortization - (IS)	3.87B	4.01B	4.29B	4.43B	4.67B
Other Operating Expenses	9.57B	7.76B	10.74B	17.22B	16.76B
Other Operating Expenses, Total	33B	33.08B	38.69B	47.01B	49.54B
Operating Income	29.12B	29.41B	36.84B	47.01B	63.68B
Interest Expense, Total	-58.1M	-46.6M	-146M	-68.6M	-93.9M
Interest And Investment Income	639M	1.8B	2.63B	5.87B	6.48B
Net Interest Expenses	581M	1.75B	2.49B	5.8B	6.38B
Income (Loss) On Equity Invest.	304M	458M	459M	421M	355M
Currency Exchange Gains (Loss)	560M	415M	63.7M	523M	676M
Other Non Operating Income (Expenses)	17.6M	23.4M	13.5M	23.5M	18.2M
EBT, Excl. Unusual Items	30.59B	32.06B	39.86B	53.79B	71.11B
Gain (Loss) On Sale Of Investments	-	58.7M	58.7M	194M	205M
Gain (Loss) On Sale Of Assets	12.1M	4.5M	15.2M	70.2M	25.5M
Asset Writedown	-876M	-	-249M	-967M	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	29.72B	32.12B	39.69B	53.08B	71.35B
Income Tax Expense	8.72B	8.12B	9.83B	13.23B	18.12B
Earnings From Continuing Operations	21B	24B	29.86B	39.85B	53.23B
Net Income to Company	21B	24B	29.86B	39.85B	53.23B
Minority Interest	-8.2M	-13.5M	-18.2M	-7.2M	-12.4M
Net Income - (IS)	20.99B	23.99B	29.84B	39.85B	53.21B
Net Income to Common Incl Extra Items	20.99B	23.99B	29.84B	39.85B	53.21B
Net Income to Common Excl. Extra Items	20.99B	23.99B	29.84B	39.85B	53.21B
Per Share Items
Net EPS - Basic	2.87	3.28	4.08	5.45	7.28
Basic EPS - Continuing Operations	2.87	3.28	4.08	5.45	7.28
Basic Weighted Average Shares Outstanding	7.31B	7.31B	7.31B	7.31B	7.31B
Net EPS - Diluted	2.87	3.28	4.08	5.45	7.28
Diluted EPS - Continuing Operations	2.87	3.28	4.08	5.45	7.28
Diluted Weighted Average Shares Outstanding	7.31B	7.31B	7.31B	7.31B	7.31B
Normalized Basic EPS	2.61	2.74	3.41	4.6	6.08
Normalized Diluted EPS	2.61	2.74	3.41	4.6	6.08
Dividend Per Share	1.33	1.5	1.8	2.2	2.4
Payout Ratio	48.73	42.66	41.64	36.69	31.58
Supplemental Items
EBITDA	32.89B	33.23B	40.88B	51.14B	68.09B
EBITA	29.25B	29.54B	36.96B	47.21B	63.88B
EBIT	29.12B	29.41B	36.84B	47.01B	63.68B
EBITDAR	-	-	41.2B	51.48B	68.44B
Total Revenues (As Reported)	142B	156B	180B	209B	245B
Effective Tax Rate - (Ratio)	29.35	25.27	24.76	24.92	25.4
Total Current Taxes	8.02B	9.14B	8.57B	13.87B	17.7B
Total Deferred Taxes	708M	-1.03B	1.25B	-637M	415M
Normalized Net Income	19.11B	20.02B	24.9B	33.61B	44.43B
Interest Capitalized	97.4M	97.4M	-	-	-
Interest on Long-Term Debt	2.4M	30.6M	37M	42.1M	41.6M
Non-Cash Pension Expense	4.7M	-9.5M	-16.38M	1.23M	7.86M
Supplemental Operating Expense Items
Advertising Expense	-	28.9M	177M	133M	146M
Selling and Marketing Expenses	-	28.9M	177M	133M	146M
Research And Development Expense From Footnotes	-	-	104M	146M	142M
Net Rental Expense, Total	-	-	317M	332M	351M
Imputed Operating Lease Interest Expense	-	-	649M	294M	427M
Imputed Operating Lease Depreciation	-	-	-332M	37.74M	-75.25M
Maintenance & Repair Expenses, Total	-	1.53B	1.47B	1.8B	1.93B
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	30.43B	13.01B	39.46B	12.06B	7.13B
Short Term Investments	20.18B	62.65B	41.67B	98.43B	88.07B
Total Cash And Short Term Investments	50.61B	75.65B	81.13B	110B	95.2B
Accounts Receivable, Total	65.62B	61.08B	70.33B	128B	136B
Other Receivables	332M	870M	720M	2.04B	5.23B
Notes Receivable	157M	14.8M	17.2M	14.1M	14.7M
Total Receivables	66.11B	61.97B	71.07B	130B	141B
Inventory	49.68B	55.92B	64.48B	74.47B	91.19B
Prepaid Expenses	1.17B	1.15B	1.14B	415M	417M
Other Current Assets, Total	69.59B	78.24B	82.65B	25.02B	20.66B
Total Current Assets	237B	273B	300B	341B	349B
Gross Property Plant And Equipment	45.56B	49.95B	54.85B	60.55B	68.98B
Accumulated Depreciation	-16.73B	-20.4B	-24.29B	-28.1B	-32.16B
Net Property Plant And Equipment	28.83B	29.55B	30.56B	32.45B	36.82B
Long-term Investments	13.08B	15.75B	6.53B	6.82B	7.43B
Other Intangibles, Total	5.95B	6.76B	7.01B	6.19B	7.38B
Accounts Receivable Long-Term	0	0	0	0	0
Loans Receivable Long-Term	336M	72.8M	65.6M	70.3M	66.3M
Deferred Tax Assets Long-Term	4.63B	6.21B	5.04B	5.75B	5.35B
Deferred Charges Long-Term	4.33B	6.96B	4.74B	2.85B	2.31B
Other Long-Term Assets, Total	609M	863M	502M	509M	385M
Total Assets	295B	339B	355B	395B	408B
Liabilities
Accounts Payable, Total	35.08B	34.57B	34.93B	37.06B	33.39B
Accrued Expenses, Total	8.83B	8.71B	12.97B	12.95B	13.09B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	13.5M	11.9M	19.2M	22.6M	25.4M
Current Income Taxes Payable	-	6.9M	-	2.8M	-
Unearned Revenue Current, Total	119B	146B	150B	160B	140B
Other Current Liabilities	5.63B	6.56B	7.87B	9.91B	11.21B
Total Current Liabilities	168B	196B	206B	220B	198B
Long-Term Debt	-	-	-	-	-
Long-Term Leases	11.7M	515M	594M	602M	587M
Unearned Revenue Non Current	1.65B	1.48B	1.34B	1.18B	1.02B
Pension & Other Post Retirement Benefits	7.56B	10.62B	400K	900K	1.5M
Deferred Tax Liability Non Current	3.6M	14.5M	28.9M	54.7M	95.2M
Other Non Current Liabilities	6.63B	7.64B	8.5B	9.72B	9.17B
Total Liabilities	184B	216B	216B	232B	208B
Common Stock, Total	2.44B	2.44B	7.31B	7.31B	7.31B
Retained Earnings	110B	124B	137B	162B	198B
Comprehensive Income and Other	-2.14B	-3.63B	-5.29B	-5.87B	-5.8B
Total Common Equity	111B	123B	139B	163B	200B
Minority Interest	150M	163M	178M	179M	189M
Total Equity	111B	123B	139B	163B	200B
Total Liabilities And Equity	295B	339B	355B	395B	408B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.31B	7.31B	7.31B	7.31B	7.31B
ECS Total Common Shares Outstanding	7.31B	7.31B	7.31B	7.31B	7.31B
Book Value / Share	15.13	16.81	18.96	22.34	27.32
Tangible Book Value	105B	116B	132B	157B	192B
Tangible Book Value Per Share	14.32	15.88	18	21.49	26.31
Total Debt	25.2M	527M	613M	625M	612M
Net Debt	-50.59B	-75.13B	-80.52B	-110B	-94.59B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-138M	-223M	30.08M	215M	230M
Debt Equivalent Oper. Leases	-	-	2.54B	2.65B	2.81B
Minority Interest, Total (Incl. Fin. Div)	150M	163M	178M	179M	189M
Equity Method Investments, Total	1.9B	2.33B	2.01B	1.52B	1.61B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	31.93B	35.91B	40.62B	44.87B	53.42B
Inventories - Work In Process, Total	13.86B	17.02B	19.63B	26.52B	33.72B
Inventories - Finished Goods, Total	3.37B	2.59B	3.82B	2.6B	3.59B
Inventories - Others	525M	401M	412M	483M	469M
Land - (BS)	1.37B	1.43B	1.44B	1.44B	1.44B
Buildings, Total	8.28B	8.85B	9.93B	10.83B	13.71B
Machinery, Total	29.58B	32.38B	36.86B	40.67B	45.71B
Full Time Employees	9.17K	8.85K	11.46K	11.44K	11.2K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Order Backlog	534B	576B	607B	759B	716B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	20.99B	23.99B	29.84B	39.85B	53.21B
Depreciation & Amortization - CF	3.67B	3.74B	3.97B	3.99B	4.27B
Amortization of Goodwill and Intangible Assets - (CF)	125M	125M	125M	197M	197M
Depreciation & Amortization, Total	3.8B	3.86B	4.09B	4.19B	4.47B
Amortization of Deferred Charges, Total - (CF)	74.7M	147M	193M	242M	205M
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-12.1M	-4.5M	-15.2M	-70.2M	-25.5M
Asset Writedown & Restructuring Costs	876M	-	249M	967M	12.9M
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	8.31B	-
Other Operating Activities, Total	3.16B	-1.26B	-919M	-3.85B	-4.91B
Change In Accounts Receivable	1.62B	4.54B	-9.25B	-11.9B	-17.24B
Change In Inventories	-9.97B	-6.12B	-8.35B	-10.65B	-16.72B
Change In Accounts Payable	8.48B	704M	-389M	3.76B	-3.68B
Change in Unearned Revenues	-	-	-	-	-
Change In Income Taxes	-1.25B	-1.24B	-1.54B	-	-
Change in Other Net Operating Assets	23.16B	17.46B	-1.25B	15.75B	-9.47B
Cash from Operations	50.93B	42.07B	12.67B	46.59B	5.87B
Capital Expenditure	-4.69B	-5.55B	-5.9B	-6.53B	-10.11B
Sale of Property, Plant, and Equipment	13.3M	74M	17M	85.3M	30.5M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-21.88B	-45.01B	30.16B	-57.23B	9.52B
Other Investing Activities, Total	605M	1.76B	2.63B	4.43B	6.74B
Cash from Investing	-25.95B	-48.72B	26.91B	-59.24B	6.17B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-99.2M	-16.7M	-43.3M	-57.8M	-59.7M
Total Debt Repaid	-99.2M	-16.7M	-43.3M	-57.8M	-59.7M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-10.23B	-10.23B	-12.43B	-14.62B	-16.81B
Common & Preferred Stock Dividends Paid	-10.23B	-10.23B	-12.43B	-14.62B	-16.81B
Other Financing Activities, Total	-431M	-526M	-657M	-71.4M	-96.8M
Cash from Financing	-10.76B	-10.78B	-13.13B	-14.75B	-16.96B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	14.22B	-17.42B	26.45B	-27.39B	-4.93B
Supplemental Items
Cash Interest Paid	63.7M	50.5M	150M	71.4M	96.8M
Cash Income Tax Paid (Refund)	5.33B	8.04B	9.13B	14.18B	16.75B
Levered Free Cash Flow	41.34B	33.43B	9.09B	31.07B	-11.68B
Unlevered Free Cash Flow	41.37B	33.46B	9.18B	31.11B	-11.63B
Change In Net Working Capital	-23.99B	-16.61B	12.22B	-3.82B	45.99B
Net Debt Issued / Repaid	-99.2M	-16.7M	-43.3M	-57.8M	-59.7M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.76	5.8	6.64	7.83	9.91
Return on Total Capital	17.19	15.69	17.51	19.36	21.83
Return On Equity %	19.85	20.54	22.81	26.37	29.3
Return on Common Equity	19.87	20.55	22.83	26.4	29.32
Margin Analysis
Gross Profit Margin %	44.03	40.66	42.59	46.39	47.64
SG&A Margin	13.86	13.87	13.35	12.51	11.82
EBITDA Margin %	23.31	21.62	23.05	25.23	28.65
EBITA Margin %	20.73	19.22	20.84	23.29	26.88
EBIT Margin %	20.64	19.14	20.77	23.2	26.79
Income From Continuing Operations Margin %	14.88	15.62	16.84	19.66	22.39
Net Income Margin %	14.88	15.61	16.83	19.66	22.39
Net Avail. For Common Margin %	14.88	15.61	16.83	19.66	22.39
Normalized Net Income Margin	13.54	13.03	14.04	16.58	18.69
Levered Free Cash Flow Margin	29.3	21.75	5.13	15.33	-4.92
Unlevered Free Cash Flow Margin	29.32	21.77	5.18	15.35	-4.89
Asset Turnover
Asset Turnover	0.52	0.48	0.51	0.54	0.59
Fixed Assets Turnover	4.95	5.26	5.9	6.43	6.86
Receivables Turnover (Average Receivables)	2.12	2.43	2.7	1.56	1.8
Inventory Turnover (Average Inventory)	1.77	1.73	1.69	1.56	1.5
Short Term Liquidity
Current Ratio	1.41	1.39	1.46	1.55	1.76
Quick Ratio	0.69	0.7	0.74	1.09	1.2
Operating Cash Flow to Current Liabilities	0.3	0.21	0.06	0.21	0.03
Days Sales Outstanding (Average Receivables)	171.86	150.46	135.24	234.29	202.73
Days Outstanding Inventory (Average Inventory)	206.31	211.33	215.81	234.01	242.9
Average Days Payable Outstanding	124.97	130.47	114.92	108.53	91.07
Cash Conversion Cycle (Average Days)	253.2	231.32	236.13	359.77	354.57
Long Term Solvency
Total Debt/Equity	0.02	0.43	0.44	0.38	0.31
Total Debt / Total Capital	0.02	0.43	0.44	0.38	0.31
LT Debt/Equity	0.01	0.42	0.43	0.37	0.29
Long-Term Debt / Total Capital	0.01	0.42	0.43	0.37	0.29
Total Liabilities / Total Assets	62.45	63.72	60.89	58.65	51.04
EBIT / Interest Expense	501.25	631.16	252.67	685.33	678.18
EBITDA / Interest Expense	566.63	714.09	280.76	746.4	725.77
(EBITDA - Capex) / Interest Expense	485.86	595.09	240.26	651.28	618.08
Total Debt / EBITDA	0	0.02	0.01	0.01	0.01
Net Debt / EBITDA	-1.54	-2.26	-1.97	-2.15	-1.39
Total Debt / (EBITDA - Capex)	0	0.02	0.02	0.01	0.01
Net Debt / (EBITDA - Capex)	-1.79	-2.71	-2.3	-2.46	-1.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.8	8.93	15.4	14.29	17.27
Gross Profit, 1 Yr. Growth %	7.13	2.73	20.87	24.48	20.42
EBITDA, 1 Yr. Growth %	18.8	1.03	23.02	25.1	33.13
EBITA, 1 Yr. Growth %	21.12	0.99	25.15	27.72	35.3
EBIT, 1 Yr. Growth %	21.23	0.99	25.25	27.62	35.45
Earnings From Cont. Operations, 1 Yr. Growth %	15.07	14.31	24.42	33.45	33.56
Net Income, 1 Yr. Growth %	15.08	14.29	24.41	33.51	33.55
Normalized Net Income, 1 Yr. Growth %	21.86	4.78	24.35	34.99	32.21
Diluted EPS Before Extra, 1 Yr. Growth %	15.08	14.29	24.41	33.49	33.58
Accounts Receivable, 1 Yr. Growth %	-2.41	-6.92	15.15	-2.4	6
Inventory, 1 Yr. Growth %	25.51	12.56	15.31	15.49	22.45
Net Property, Plant and Equip., 1 Yr. Growth %	2.43	2.51	3.39	6.2	13.46
Total Assets, 1 Yr. Growth %	21.13	14.99	4.66	11.37	3.3
Tangible Book Value, 1 Yr. Growth %	11.71	10.94	13.36	19.35	22.46
Common Equity, 1 Yr. Growth %	9.81	11.09	12.83	17.78	22.34
Cash From Operations, 1 Yr. Growth %	98.15	-17.4	-69.89	288.53	-87.41
Capital Expenditures, 1 Yr. Growth %	-38.43	18.18	6.47	10.51	54.98
Levered Free Cash Flow, 1 Yr. Growth %	183.25	-19.39	-72.8	241.63	-137.61
Unlevered Free Cash Flow, 1 Yr. Growth %	183.14	-19.39	-72.55	238.71	-137.37
Dividend Per Share, 1 Yr. Growth %	42.86	12.5	20	22.22	9.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.7	8.86	12.12	14.84	15.77
Gross Profit, 2 Yr. CAGR %	1.15	3.81	11.43	22.66	22.44
EBITDA, 2 Yr. CAGR %	5.38	9.56	11.49	24.06	29.05
EBITA, 2 Yr. CAGR %	5.28	10.6	12.42	26.43	31.46
EBIT, 2 Yr. CAGR %	5.35	10.65	12.47	26.43	31.48
Earnings From Cont. Operations, 2 Yr. CAGR %	5.5	14.69	19.26	28.86	33.51
Net Income, 2 Yr. CAGR %	5.48	14.69	19.24	28.88	33.53
Normalized Net Income, 2 Yr. CAGR %	6	13	14.15	29.56	33.59
Diluted EPS Before Extra, 2 Yr. CAGR %	5.5	14.69	19.24	28.87	33.53
Accounts Receivable, 2 Yr. CAGR %	10.51	-4.69	3.53	44.86	1.72
Inventory, 2 Yr. CAGR %	5.74	18.86	13.93	15.4	18.92
Net Property, Plant and Equip., 2 Yr. CAGR %	8.22	2.47	2.95	4.78	9.77
Total Assets, 2 Yr. CAGR %	19.02	18.01	9.7	7.96	7.26
Tangible Book Value, 2 Yr. CAGR %	10.63	11.32	12.14	16.32	20.9
Common Equity, 2 Yr. CAGR %	9.57	10.45	11.95	15.28	20.04
Cash From Operations, 2 Yr. CAGR %	83.42	27.94	-50.13	5.24	-30.06
Capital Expenditures, 2 Yr. CAGR %	-21.5	-14.7	12.17	8.47	30.87
Levered Free Cash Flow, 2 Yr. CAGR %	272.49	51.36	-53.18	-3.6	13.35
Unlevered Free Cash Flow, 2 Yr. CAGR %	267.95	51.33	-52.96	-3.58	12.51
Dividend Per Share, 2 Yr. CAGR %	8.47	26.78	16.19	21.11	15.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.7	8.11	11	12.83	15.65
Gross Profit, 3 Yr. CAGR %	9.12	0.96	9.21	15.62	21.91
EBITDA, 3 Yr. CAGR %	17.24	3.91	13.87	15.85	27.01
EBITA, 3 Yr. CAGR %	17.95	3.83	15.25	17.31	29.32
EBIT, 3 Yr. CAGR %	18.07	3.88	15.32	17.31	29.37
Earnings From Cont. Operations, 3 Yr. CAGR %	13.63	8.36	17.84	23.81	30.4
Net Income, 3 Yr. CAGR %	13.6	8.34	17.84	23.82	30.42
Normalized Net Income, 3 Yr. CAGR %	15.57	5.59	16.66	20.71	30.44
Diluted EPS Before Extra, 3 Yr. CAGR %	13.91	8.35	17.84	23.81	30.42
Accounts Receivable, 3 Yr. CAGR %	9.38	4.36	1.51	25	30.54
Inventory, 3 Yr. CAGR %	2.75	7.96	17.66	14.45	17.71
Net Property, Plant and Equip., 3 Yr. CAGR %	10.55	6.28	2.78	4.02	7.6
Total Assets, 3 Yr. CAGR %	15.86	17.66	13.38	10.26	6.39
Tangible Book Value, 3 Yr. CAGR %	12.39	10.73	12	14.49	18.33
Common Equity, 3 Yr. CAGR %	11.33	10.08	11.23	13.86	17.58
Cash From Operations, 3 Yr. CAGR %	95.03	40.59	-21.01	-2.92	-48.15
Capital Expenditures, 3 Yr. CAGR %	-16.54	-10.03	-8.16	11.62	22.17
Levered Free Cash Flow, 3 Yr. CAGR %	41.9	123.89	-14.59	-9.18	-29.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	41.97	122.06	-14.34	-9.17	-29.7
Dividend Per Share, 3 Yr. CAGR %	25.99	9.79	24.48	18.17	16.96
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.92	12.13	11.26	10.75	12.88
Gross Profit, 5 Yr. CAGR %	11.93	7.99	9.57	9.14	14.32
EBITDA, 5 Yr. CAGR %	18.8	13.2	14.9	11.54	19.72
EBITA, 5 Yr. CAGR %	19.28	13.2	15.71	12.34	21.48
EBIT, 5 Yr. CAGR %	19.43	13.29	15.8	12.37	21.53
Earnings From Cont. Operations, 5 Yr. CAGR %	9.45	9.52	15.85	16.13	23.88
Net Income, 5 Yr. CAGR %	9.43	9.5	15.82	16.13	23.88
Normalized Net Income, 5 Yr. CAGR %	11.74	9.8	15	14.6	23.16
Diluted EPS Before Extra, 5 Yr. CAGR %	11.21	10.64	16.01	16.13	23.88
Accounts Receivable, 5 Yr. CAGR %	12.01	6.93	7	18.99	15.11
Inventory, 5 Yr. CAGR %	3.63	2.75	7.08	10.88	18.16
Net Property, Plant and Equip., 5 Yr. CAGR %	17.61	10.98	7.45	5.68	5.52
Total Assets, 5 Yr. CAGR %	9.65	14.02	13.36	13.68	10.89
Tangible Book Value, 5 Yr. CAGR %	3.37	9.88	12.29	12.93	15.48
Common Equity, 5 Yr. CAGR %	3.65	9.69	11.58	12.13	14.68
Cash From Operations, 5 Yr. CAGR %	17.65	133.25	13.03	25.21	-25.58
Capital Expenditures, 5 Yr. CAGR %	-6.58	-6.93	-6.06	-3.04	5.82
Levered Free Cash Flow, 5 Yr. CAGR %	39.3	37.21	-8.87	59.82	-4.35
Unlevered Free Cash Flow, 5 Yr. CAGR %	39.21	37.54	-8.67	59.06	-4.47
Dividend Per Share, 5 Yr. CAGR %	20.95	17.08	21.97	14.19	20.79