Income Statement Sanwa Holdings Corporation

Equities

5929

JP3344400001

Construction Supplies & Fixtures

Market Closed - Japan Exchange Other stock markets 06:30:00 13/02/2026 GMT			5-day change	1st Jan Change
3,912.00 ^JPY	-1.16%		+3.90%	-4.09%

01-30	Sanwa Holdings Corporation Reports Earnings Results for the Nine Months Ended December 31, 2025	CI
01-05	Tranche Update on Sanwa Holdings Corporation's Equity Buyback Plan announced on October 31, 2025.	CI

63d4b6851ed1c698bad3.UwT-Fm2JwBWPpD_wNUHg1O5NUdiyKdx1Sl7lbS0v_wY.O0-5cyXYhFPA11yhDDKpnK0JGb-HT7sUCzCkJEhpjk4nToZ0PcuUcrjOWA

Published financial data: SANWA HOLDINGS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	427B	469B	588B	611B	662B
Total Revenues	427B	469B	588B	611B	662B
Cost of Goods Sold, Total	300B	331B	408B	414B	444B
Gross Profit	127B	138B	180B	197B	218B
Selling General & Admin Expenses, Total	89.76B	98.08B	116B	126B	131B
Provision for Bad Debts	386M	290M	1.8B	266M	-
R&D Expenses	4B	4.45B	5.61B	5.7B	6.41B
Other Operating Expenses, Total	94.15B	103B	123B	132B	138B
Operating Income	33.08B	35.49B	56.31B	65.36B	80.52B
Interest Expense, Total	-514M	-450M	-613M	-1.21B	-1.27B
Interest And Investment Income	496M	474M	552M	1.98B	4.64B
Net Interest Expenses	-18M	24M	-61M	774M	3.37B
Income (Loss) On Equity Invest.	-429M	-218M	-629M	-84M	407M
Currency Exchange Gains (Loss)	-90M	273M	-194M	206M	288M
Other Non Operating Income (Expenses)	-398M	-1.45B	-2.64B	-1.36B	-570M
EBT, Excl. Unusual Items	32.14B	34.12B	52.78B	64.9B	84.01B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-8M	22M	3M	-190M	109M
Gain (Loss) On Sale Of Assets	-10M	-282M	-43M	-7M	-6M
Asset Writedown	-283M	-	-3.45B	-4.66B	-1.11B
Other Unusual Items	-332M	-159M	-216M	2.25B	-1.68B
EBT, Incl. Unusual Items	31.51B	33.7B	49.07B	62.29B	81.33B
Income Tax Expense	10.31B	10.68B	15.81B	18.82B	23.45B
Earnings From Continuing Operations	21.2B	23.02B	33.26B	43.47B	57.88B
Net Income to Company	21.2B	23.02B	33.26B	43.47B	57.88B
Minority Interest	54M	-183M	-180M	-244M	-364M
Net Income - (IS)	21.25B	22.84B	33.08B	43.23B	57.51B
Net Income to Common Incl Extra Items	21.25B	22.84B	33.08B	43.23B	57.51B
Net Income to Common Excl. Extra Items	21.25B	22.84B	33.08B	43.23B	57.51B
Per Share Items
Net EPS - Basic	96.21	103.39	149.71	196.03	264.61
Basic EPS - Continuing Operations	96.21	103.39	149.71	196.03	264.61
Basic Weighted Average Shares Outstanding	221M	221M	221M	221M	217M
Net EPS - Diluted	95.97	103.13	149.34	195.56	264.4
Diluted EPS - Continuing Operations	95.97	103.13	149.34	195.56	264.4
Diluted Weighted Average Shares Outstanding	221M	221M	222M	221M	218M
Normalized Basic EPS	91.19	95.7	148.45	182.84	239.91
Normalized Diluted EPS	90.96	95.45	148.09	182.4	239.72
Dividend Per Share	34	36	58	78	106
Payout Ratio	35.33	32.88	29.39	31.7	36.43
Supplemental Items
EBITDA	44.65B	48.44B	71.09B	81.44B	96.7B
EBITA	34.64B	37.77B	59.07B	68.04B	82.32B
EBIT	33.08B	35.49B	56.31B	65.36B	80.52B
EBITDAR	49.38B	53.24B	76.86B	87.82B	104B
Effective Tax Rate - (Ratio)	32.73	31.68	32.22	30.21	28.84
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	20.14B	21.14B	32.81B	40.32B	52.14B
Non-Cash Pension Expense	116M	-1.33B	-442M	-5M	-186M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	4.64B	5.14B	6.38B	6.58B	7.29B
Net Rental Expense, Total	4.72B	4.8B	5.77B	6.38B	6.85B
Imputed Operating Lease Interest Expense	284M	286M	509M	1.06B	1.23B
Imputed Operating Lease Depreciation	4.44B	4.52B	5.26B	5.32B	5.62B
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	76.8B	52.9B	63.65B	95.95B	125B
Short Term Investments	13B	9B	8.6B	11.85B	8.89B
Total Cash And Short Term Investments	89.81B	61.9B	72.25B	108B	134B
Accounts Receivable, Total	85.44B	107B	124B	129B	131B
Other Receivables	-	-	-	-	-
Total Receivables	85.44B	107B	124B	129B	131B
Inventory	60.76B	63.68B	80.42B	80.69B	84.48B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	4.6B	5.12B	8.57B	9.21B	12.57B
Total Current Assets	241B	237B	285B	327B	363B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	69.42B	74.97B	83.36B	91.94B	98.45B
Long-term Investments	39.91B	39.81B	44.47B	47.8B	48.39B
Goodwill	4.91B	10.79B	7.6B	4.91B	3.55B
Other Intangibles, Total	15.86B	18.78B	19.48B	17.6B	18.65B
Loans Receivable Long-Term	676M	509M	632M	614M	427M
Deferred Tax Assets Long-Term	3.78B	3.9B	1.31B	1.76B	2.44B
Other Long-Term Assets, Total	2M	2M	2M	1M	1M
Total Assets	375B	386B	442B	492B	535B
Liabilities
Accounts Payable, Total	51.99B	62.56B	66.96B	64.3B	61.19B
Accrued Expenses, Total	6.31B	7.4B	11.15B	12.91B	13.32B
Short-term Borrowings	6B	8.19B	9.9B	6.82B	7.81B
Current Portion of Long-Term Debt	21.05B	9.55B	8.54B	1.22B	3.04B
Current Portion of Leases	696M	798M	2.57B	2.98B	3.25B
Current Income Taxes Payable	25.98B	25.06B	30.59B	34.63B	38.76B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	19.83B	15.43B	14.8B	16.87B	21.3B
Total Current Liabilities	132B	129B	145B	140B	149B
Long-Term Debt	39.14B	29.97B	30.82B	37.32B	34.25B
Long-Term Leases	2.66B	3B	7.77B	8.49B	8.63B
Pension & Other Post Retirement Benefits	14.01B	12.86B	11.32B	11.89B	11.22B
Deferred Tax Liability Non Current	3.7B	5.66B	2.03B	3.51B	4.57B
Other Non Current Liabilities	2.41B	2.46B	3.48B	5.26B	3.07B
Total Liabilities	194B	183B	200B	206B	210B
Common Stock, Total	38.41B	38.41B	38.41B	38.41B	38.41B
Additional Paid In Capital	39.9B	39.73B	39.74B	39.78B	39.43B
Retained Earnings	105B	121B	144B	174B	205B
Treasury Stock	-9.99B	-9.95B	-9.87B	-14.8B	-26.63B
Comprehensive Income and Other	6.33B	12.48B	28.17B	46.4B	65.99B
Total Common Equity	180B	202B	241B	284B	322B
Minority Interest	1.28B	1.38B	1.44B	1.69B	2.05B
Total Equity	181B	203B	242B	286B	324B
Total Liabilities And Equity	375B	386B	442B	492B	535B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	221M	221M	221M	219M	215M
ECS Total Common Shares Outstanding	221M	221M	221M	219M	215M
Book Value / Share	815.36	913.99	1.09K	1.3K	1.5K
Tangible Book Value	159B	172B	214B	261B	300B
Tangible Book Value Per Share	721.3	780.14	967.48	1.19K	1.4K
Total Debt	69.55B	51.5B	59.59B	56.83B	56.98B
Net Debt	-20.26B	-10.4B	-12.66B	-50.96B	-77.4B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.81B	4.58B	3.71B	2.16B	363M
Debt Equivalent Oper. Leases	37.8B	38.42B	46.15B	51.05B	54.8B
Minority Interest, Total (Incl. Fin. Div)	1.28B	1.38B	1.44B	1.69B	2.05B
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	-	-	-	-	-
Inventories - Raw Materials, Total	26.19B	34.56B	45.92B	49.07B	53.05B
Inventories - Work In Process, Total	25.44B	11.55B	14.2B	14.88B	16.01B
Inventories - Finished Goods, Total	9.12B	17.57B	20.3B	16.74B	15.42B
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	11.54K	12.78K	12.77K	12.93K	13.12K
Accumulated Allowance for Doubtful Accounts (Supple)	1.86B	2.34B	4.06B	3.64B	3.82B
Order Backlog	150B	198B	180B	204B	218B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	31.51B	33.7B	49.08B	62.29B	81.33B
Depreciation & Amortization - CF	10.01B	10.67B	12.02B	13.39B	14.38B
Amortization of Goodwill and Intangible Assets - (CF)	1.56B	2.28B	2.77B	2.68B	1.8B
Depreciation & Amortization, Total	11.57B	12.95B	14.79B	16.08B	16.18B
(Gain) Loss From Sale Of Asset	293M	282M	3.49B	4.67B	1.11B
(Gain) Loss on Sale of Investments - (CF)	-1M	-24M	-4M	188M	-110M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	429M	218M	629M	84M	-407M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-10.58B	-11.3B	-15.47B	-16.08B	-20.85B
Change In Accounts Receivable	10.69B	-9.95B	-13.24B	1.12B	3.52B
Change In Inventories	513M	-12.92B	-10.5B	5.6B	1.77B
Change In Accounts Payable	-2.46B	8.72B	2.17B	-5B	-5.04B
Change in Other Net Operating Assets	8.17B	-1.15B	3.48B	3.47B	-560M
Cash from Operations	50.14B	20.53B	34.42B	72.43B	76.94B
Capital Expenditure	-8.77B	-9.28B	-10.04B	-13.36B	-15.66B
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-3.54B	-12.98B	-3.16B	-933M	716M
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.02B	77M	14M	25M	162M
Other Investing Activities, Total	116M	830M	-2.76B	-10.55B	-15.4B
Cash from Investing	-11.18B	-21.35B	-15.94B	-24.82B	-30.17B
Short Term Debt Issued, Total	-	1.86B	1.35B	-	914M
Long-Term Debt Issued, Total	8.4B	618M	9.45B	7.75B	-
Total Debt Issued	8.4B	2.48B	10.8B	7.75B	914M
Short Term Debt Repaid, Total	-188M	-	-	-3.43B	-
Long-Term Debt Repaid, Total	-5.79B	-21.3B	-9.62B	-8.57B	-1.24B
Total Debt Repaid	-5.98B	-21.3B	-9.62B	-12B	-1.24B
Repurchase of Common Stock	28M	45M	82M	-4.89B	-17.52B
Common Dividends Paid	-7.51B	-7.51B	-9.72B	-13.7B	-20.95B
Common & Preferred Stock Dividends Paid	-7.51B	-7.51B	-9.72B	-13.7B	-20.95B
Other Financing Activities, Total	-1.05B	-1.08B	-1.43B	-3.4B	-4.09B
Cash from Financing	-6.1B	-27.36B	-9.89B	-26.24B	-42.89B
Foreign Exchange Rate Adjustments	-572M	1.7B	1.16B	1.34B	5.04B
Miscellaneous Cash Flow Adjustments	884M	91M	-1M	339M	-1M
Net Change in Cash	33.18B	-26.4B	9.76B	23.04B	8.92B
Supplemental Items
Cash Interest Paid	541M	486M	403M	959M	1.38B
Cash Income Tax Paid (Refund)	10.71B	11.28B	15.68B	20.99B	20.71B
Levered Free Cash Flow	40.87B	7.12B	15.03B	41.9B	46.89B
Unlevered Free Cash Flow	41.19B	7.4B	15.42B	42.65B	47.68B
Change In Net Working Capital	-17.71B	18.45B	24.52B	910M	3.17B
Net Debt Issued / Repaid	2.43B	-18.82B	1.18B	-4.26B	-327M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.67	5.83	8.5	8.75	9.81
Return on Total Capital	8.55	8.77	12.64	12.68	13.91
Return On Equity %	12.22	11.97	14.93	16.47	18.99
Return on Common Equity	12.34	11.96	14.94	16.48	18.98
Margin Analysis
Gross Profit Margin %	29.79	29.49	30.55	32.25	32.95
SG&A Margin	21.02	20.92	19.72	20.58	19.83
EBITDA Margin %	10.46	10.33	12.09	13.33	14.6
EBITA Margin %	8.11	8.05	10.04	11.13	12.43
EBIT Margin %	7.75	7.57	9.57	10.7	12.16
Income From Continuing Operations Margin %	4.96	4.91	5.66	7.11	8.74
Net Income Margin %	4.98	4.87	5.62	7.07	8.68
Net Avail. For Common Margin %	4.98	4.87	5.62	7.07	8.68
Normalized Net Income Margin	4.72	4.51	5.58	6.6	7.87
Levered Free Cash Flow Margin	9.57	1.52	2.56	6.86	7.08
Unlevered Free Cash Flow Margin	9.64	1.58	2.62	6.98	7.2
Asset Turnover
Asset Turnover	1.17	1.23	1.42	1.31	1.29
Fixed Assets Turnover	6.17	6.5	7.43	6.97	6.96
Receivables Turnover (Average Receivables)	4.96	4.88	5.09	4.82	5.08
Inventory Turnover (Average Inventory)	4.89	5.31	5.67	5.14	5.38
Short Term Liquidity
Current Ratio	1.82	1.84	1.98	2.34	2.44
Quick Ratio	1.33	1.31	1.36	1.7	1.79
Operating Cash Flow to Current Liabilities	0.38	0.16	0.24	0.52	0.52
Days Sales Outstanding (Average Receivables)	73.59	74.8	71.66	75.93	71.81
Days Outstanding Inventory (Average Inventory)	74.67	68.68	64.38	71.22	67.87
Average Days Payable Outstanding	65.01	62.67	55.59	57.98	51.13
Cash Conversion Cycle (Average Days)	83.25	80.82	80.46	89.16	88.56
Long Term Solvency
Total Debt/Equity	38.34	25.33	24.59	19.91	17.58
Total Debt / Total Capital	27.72	20.21	19.74	16.6	14.95
LT Debt/Equity	23.04	16.21	15.92	16.05	13.23
Long-Term Debt / Total Capital	16.66	12.94	12.78	13.38	11.25
Total Liabilities / Total Assets	51.65	47.36	45.2	41.94	39.36
EBIT / Interest Expense	64.35	78.86	91.86	53.97	63.25
EBITDA / Interest Expense	86.87	107.64	115.98	67.25	75.96
(EBITDA - Capex) / Interest Expense	69.81	87.02	99.6	56.21	63.66
Total Debt / EBITDA	1.56	1.06	0.84	0.7	0.59
Net Debt / EBITDA	-0.45	-0.21	-0.18	-0.63	-0.8
Total Debt / (EBITDA - Capex)	1.94	1.32	0.98	0.83	0.7
Net Debt / (EBITDA - Capex)	-0.56	-0.27	-0.21	-0.75	-0.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.98	9.81	25.42	3.9	8.39
Gross Profit, 1 Yr. Growth %	-1.56	8.71	29.92	9.69	10.73
EBITDA, 1 Yr. Growth %	-2.47	8.48	46.77	14.55	18.74
EBITA, 1 Yr. Growth %	-5.04	9.04	56.39	15.19	20.98
EBIT, 1 Yr. Growth %	-3.34	7.29	58.67	16.08	23.19
Earnings From Cont. Operations, 1 Yr. Growth %	-2.26	8.62	44.47	30.69	33.13
Net Income, 1 Yr. Growth %	-1.83	7.49	44.84	30.66	33.04
Normalized Net Income, 1 Yr. Growth %	-2.2	4.96	55.18	22.9	29.33
Diluted EPS Before Extra, 1 Yr. Growth %	-0.95	7.46	44.81	30.95	35.2
Accounts Receivable, 1 Yr. Growth %	-1.54	24.98	16.29	4.2	1.45
Inventory, 1 Yr. Growth %	-1.88	4.81	26.3	0.33	4.7
Net Property, Plant and Equip., 1 Yr. Growth %	0.47	8	11.2	10.29	7.08
Total Assets, 1 Yr. Growth %	5.97	2.95	14.51	11.18	8.73
Tangible Book Value, 1 Yr. Growth %	12.96	8.18	24.06	22.21	14.79
Common Equity, 1 Yr. Growth %	9.59	12.12	19.3	17.81	13.51
Cash From Operations, 1 Yr. Growth %	55.24	-59.07	67.71	110.39	6.23
Capital Expenditures, 1 Yr. Growth %	4.17	5.83	8.19	33.09	17.15
Levered Free Cash Flow, 1 Yr. Growth %	172.75	-82.58	111.22	178.67	11.92
Unlevered Free Cash Flow, 1 Yr. Growth %	166.54	-82.04	108.37	176.65	11.79
Dividend Per Share, 1 Yr. Growth %	0	5.88	61.11	34.48	35.9
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.06	3.22	17.36	14.15	6.12
Gross Profit, 2 Yr. CAGR %	3.53	3.45	18.85	19.38	10.21
EBITDA, 2 Yr. CAGR %	4.24	2.86	26.18	29.66	16.63
EBITA, 2 Yr. CAGR %	2.39	1.76	30.59	34.22	18.05
EBIT, 2 Yr. CAGR %	2.32	1.84	30.47	35.71	19.58
Earnings From Cont. Operations, 2 Yr. CAGR %	0.39	3.04	25.27	37.41	31.91
Net Income, 2 Yr. CAGR %	0.81	2.72	24.77	37.57	31.85
Normalized Net Income, 2 Yr. CAGR %	3.79	1.32	27.62	38.1	26.07
Diluted EPS Before Extra, 2 Yr. CAGR %	1.73	3.17	24.74	37.7	33.06
Accounts Receivable, 2 Yr. CAGR %	2.6	10.93	20.55	10.08	2.81
Inventory, 2 Yr. CAGR %	3.72	1.41	15.05	12.57	2.49
Net Property, Plant and Equip., 2 Yr. CAGR %	7.4	4.17	9.59	10.74	8.67
Total Assets, 2 Yr. CAGR %	5.29	4.45	8.58	12.83	9.94
Tangible Book Value, 2 Yr. CAGR %	7.93	10.54	15.85	23.13	18.44
Common Equity, 2 Yr. CAGR %	5.84	10.85	15.65	18.55	15.64
Cash From Operations, 2 Yr. CAGR %	43.74	-20.28	-17.14	87.84	49.5
Capital Expenditures, 2 Yr. CAGR %	-15.79	4.99	7	20	24.87
Levered Free Cash Flow, 2 Yr. CAGR %	84.64	-31.08	-39.35	142.61	76.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	82.36	-30.8	-38.82	140.1	75.86
Dividend Per Share, 2 Yr. CAGR %	3.08	2.9	30.61	47.2	35.19
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.46	4.58	10.14	12.69	12.2
Gross Profit, 3 Yr. CAGR %	4.18	5.23	11.61	15.71	16.42
EBITDA, 3 Yr. CAGR %	5.95	5.64	15.8	22.18	25.92
EBITA, 3 Yr. CAGR %	5	4.56	17.43	25.24	29.65
EBIT, 3 Yr. CAGR %	5.31	3.95	18.06	25.49	31.4
Earnings From Cont. Operations, 3 Yr. CAGR %	4.84	3.06	15.32	27.05	35.97
Net Income, 3 Yr. CAGR %	5.15	2.99	15.19	26.71	36.04
Normalized Net Income, 3 Yr. CAGR %	5.16	4.18	16.79	26.03	35.11
Diluted EPS Before Extra, 3 Yr. CAGR %	5.92	3.61	15.51	26.78	36.86
Accounts Receivable, 3 Yr. CAGR %	-0.33	9.58	12.69	14.83	7.12
Inventory, 3 Yr. CAGR %	4.38	4.08	9.11	9.92	9.88
Net Property, Plant and Equip., 3 Yr. CAGR %	6.32	7.6	6.46	9.82	9.51
Total Assets, 3 Yr. CAGR %	4.19	4.5	7.7	9.44	11.44
Tangible Book Value, 3 Yr. CAGR %	8.19	8.01	14.87	17.93	20.28
Common Equity, 3 Yr. CAGR %	6.22	7.89	13.6	16.37	16.85
Cash From Operations, 3 Yr. CAGR %	23.64	-5.43	2.15	13.04	55.34
Capital Expenditures, 3 Yr. CAGR %	-8.33	-9.13	6.05	15.07	19.04
Levered Free Cash Flow, 3 Yr. CAGR %	35.79	-15.95	0.11	0.83	87.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	35.11	-15.78	-0.08	1.17	86.09
Dividend Per Share, 3 Yr. CAGR %	4.26	4	19.49	31.89	43.33
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.16	5.79	8.81	8.31	8.52
Gross Profit, 5 Yr. CAGR %	3.81	5.9	9.82	10.68	11.05
EBITDA, 5 Yr. CAGR %	4.22	6.68	13.62	14.66	16.13
EBITA, 5 Yr. CAGR %	5.21	6.34	14.57	15.54	17.68
EBIT, 5 Yr. CAGR %	4.24	6.06	14.73	15.65	18.67
Earnings From Cont. Operations, 5 Yr. CAGR %	7.61	6.06	12.58	15.63	21.69
Net Income, 5 Yr. CAGR %	7.76	6	12.6	15.63	21.58
Normalized Net Income, 5 Yr. CAGR %	4.37	6.12	13.63	16.61	20.42
Diluted EPS Before Extra, 5 Yr. CAGR %	8.82	6.76	13.08	16.09	22.24
Accounts Receivable, 5 Yr. CAGR %	2.34	6.09	7.55	9.78	8.63
Inventory, 5 Yr. CAGR %	4.68	5.82	8.53	7.4	6.41
Net Property, Plant and Equip., 5 Yr. CAGR %	5.13	6.94	7.61	8.85	7.34
Total Assets, 5 Yr. CAGR %	3.87	3.62	5.92	7.76	8.59
Tangible Book Value, 5 Yr. CAGR %	9.02	8.42	11.19	13.82	16.29
Common Equity, 5 Yr. CAGR %	6.79	7.72	9.9	12.04	14.41
Cash From Operations, 5 Yr. CAGR %	15.52	-2.81	5.35	24.44	18.96
Capital Expenditures, 5 Yr. CAGR %	1.53	2.77	-2.48	1.56	13.21
Levered Free Cash Flow, 5 Yr. CAGR %	24.61	-14.24	-1.63	28.44	25.63
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.99	-13.97	-1.59	28.06	25.28
Dividend Per Share, 5 Yr. CAGR %	11.2	7.57	14.09	19.51	25.54