CHINA NATIONAL ELECTRIC APPARATUS RESEARCH INSTITUTE CO., LTD.

Income Statement China National Electric Apparatus Research Institute Co., Ltd.

Equities

688128

CNE100003NR6

Business Support Services

End-of-day quote Shanghai S.E. Other stock markets 2026-04-10			5-day change	1st Jan Change
25.60 ^CNY	+1.15%		+5.57%	-11.97%

Jan. 16	China National Electric Apparatus Research Institute Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-10-27	China National Electric Apparatus Research Institute Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2025	CI

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Published financial data: CHINA NATIONAL ELECTRIC APPARATUS RESEARCH INSTITUTE CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2.45B	3.34B	3.73B	4.11B	4.44B
Other Revenues, Total	72.47M	66.5M	63.39M	60.52M	82.1M
Total Revenues	2.52B	3.41B	3.79B	4.17B	4.52B
Cost of Goods Sold, Total	1.73B	2.48B	2.72B	2.91B	3.08B
Gross Profit	794M	931M	1.08B	1.26B	1.45B
Selling General & Admin Expenses, Total	323M	408M	479M	581M	629M
Provision for Bad Debts	14.75M	15.54M	27.9M	40.28M	55.32M
R&D Expenses	209M	247M	288M	323M	358M
Other Operating Expenses	13.39M	3.88M	-14.07M	-70.27M	-23.43M
Other Operating Expenses, Total	560M	675M	780M	874M	1.02B
Operating Income	234M	256M	299M	386M	427M
Interest Expense, Total	-2.73M	-7.32M	-9.1M	-4.19M	-3.8M
Interest And Investment Income	33.74M	43.84M	24.31M	30.24M	39.32M
Net Interest Expenses	31.01M	36.52M	15.21M	26.06M	35.52M
Currency Exchange Gains (Loss)	-12.79M	-4.25M	13.87M	164K	5.1M
Other Non Operating Income (Expenses)	-3.67M	-4.58M	-5.34M	-3.75M	-4.22M
EBT, Excl. Unusual Items	248M	284M	323M	409M	463M
Impairment of Goodwill	-	-921K	-	-	-
Gain (Loss) On Sale Of Investments	2.58M	1.5M	-5.49M	-3.45M	1.25M
Gain (Loss) On Sale Of Assets	121K	-9.34K	-98.45K	52.29K	24.37K
Asset Writedown	-2.55M	115K	-1.22M	-2.18M	297K
Legal Settlements	-	-	-	-	-
Other Unusual Items	60.66M	67.34M	66.23M	50.56M	63.19M
EBT, Incl. Unusual Items	309M	352M	382M	454M	528M
Income Tax Expense	25.74M	39.19M	24.05M	45.7M	57.85M
Earnings From Continuing Operations	283M	313M	358M	408M	470M
Net Income to Company	283M	313M	358M	408M	470M
Minority Interest	-516K	2.35M	5.23M	1.87M	-3.32M
Net Income - (IS)	283M	315M	363M	410M	467M
Net Income to Common Incl Extra Items	283M	315M	363M	410M	467M
Net Income to Common Excl. Extra Items	283M	315M	363M	410M	467M
Per Share Items
Net EPS - Basic	0.7	0.78	0.9	1.01	1.15
Basic EPS - Continuing Operations	0.7	0.78	0.9	1.01	1.15
Basic Weighted Average Shares Outstanding	404M	404M	404M	406M	406M
Net EPS - Diluted	0.7	0.78	0.9	1.01	1.15
Diluted EPS - Continuing Operations	0.7	0.78	0.9	1.01	1.15
Diluted Weighted Average Shares Outstanding	404M	404M	404M	406M	406M
Normalized Basic EPS	0.38	0.45	0.51	0.63	0.71
Normalized Diluted EPS	0.38	0.45	0.51	0.63	0.71
Dividend Per Share	0.3	0.35	0.4	0.45	0.5
Payout Ratio	43.88	39.31	39.28	39.64	39.06
Supplemental Items
EBITDA	301M	333M	384M	492M	555M
EBITA	237M	259M	302M	390M	431M
EBIT	234M	256M	299M	386M	427M
EBITDAR	303M	337M	386M	499M	568M
Total Revenues (As Reported)	2.52B	3.41B	3.79B	4.17B	4.52B
Effective Tax Rate - (Ratio)	8.33	11.14	6.29	10.07	10.95
Current Domestic Taxes	32.27M	28.39M	23.81M	52.54M	-
Total Current Taxes	32.27M	28.39M	23.81M	52.54M	59.86M
Deferred Domestic Taxes	-6.53M	10.79M	239K	-6.85M	-
Total Deferred Taxes	-6.53M	10.79M	239K	-6.85M	-2M
Normalized Net Income	155M	180M	207M	257M	286M
Interest on Long-Term Debt	-	4.82M	433K	3.33M	3.1M
Non-Cash Pension Expense	7.26M	230K	220K	220K	180K
Supplemental Operating Expense Items
Marketing Expenses	6.12M	-	-	-	-
Selling and Marketing Expenses	154M	207M	232M	286M	291M
General and Administrative Expenses	169M	199M	247M	291M	329M
Research And Development Expense From Footnotes	209M	247M	288M	323M	358M
Net Rental Expense, Total	2.36M	4.34M	2.36M	7M	12.93M
Imputed Operating Lease Interest Expense	1.73M	3.27M	1.36M	1.49M	3.76M
Imputed Operating Lease Depreciation	626K	1.07M	998K	5.51M	9.17M
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	734M	535M	913M	823M	977M
Short Term Investments	-	-	-	-	175M
Trading Asset Securities, Total	753M	501M	191M	190M	80.18M
Total Cash And Short Term Investments	1.49B	1.04B	1.1B	1.01B	1.23B
Accounts Receivable, Total	938M	1.41B	1.63B	1.74B	1.83B
Other Receivables	16.67M	21.09M	20.89M	21.2M	29.8M
Total Receivables	955M	1.43B	1.65B	1.76B	1.86B
Inventory	511M	919M	1.6B	2.51B	2.26B
Prepaid Expenses	-	-	-	-	29.21K
Other Current Assets, Total	139M	221M	262M	659M	233M
Total Current Assets	3.09B	3.61B	4.62B	5.94B	5.59B
Gross Property Plant And Equipment	1.07B	1.29B	1.45B	1.58B	1.83B
Accumulated Depreciation	-535M	-618M	-720M	-809M	-946M
Net Property Plant And Equipment	533M	673M	726M	768M	886M
Long-term Investments	174M	379M	705M	793M	851M
Goodwill	1.77M	850K	850K	850K	850K
Other Intangibles, Total	102M	100M	101M	153M	161M
Deferred Tax Assets Long-Term	41.35M	38.52M	37.53M	44.54M	41.37M
Deferred Charges Long-Term	12.04M	18.6M	17.44M	26.02M	24.71M
Other Long-Term Assets, Total	38.65M	32.54M	42.87M	-411M	-148M
Total Assets	3.99B	4.85B	6.25B	7.32B	7.41B
Liabilities
Accounts Payable, Total	671M	1.04B	1.3B	1.24B	1B
Accrued Expenses, Total	202M	225M	289M	320M	395M
Short-term Borrowings	28.36M	24.42M	54.92M	11.5M	35.69M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	339K	24.38M	19.48M	61.8M	20.22M
Current Income Taxes Payable	18.95M	20.01M	11.25M	30.93M	34.93M
Unearned Revenue Current, Total	477M	681M	1.47B	2.38B	2.27B
Other Current Liabilities	91.04M	107M	188M	125M	186M
Total Current Liabilities	1.49B	2.12B	3.33B	4.17B	3.95B
Long-Term Debt	-	-	-	-	-
Long-Term Leases	2.45M	75.36M	53.81M	60.38M	57.61M
Unearned Revenue Non Current	149M	149M	141M	105M	94.77M
Pension & Other Post Retirement Benefits	7.26M	7.46M	7.4M	7.53M	8.02M
Deferred Tax Liability Non Current	377K	-	-	-	-
Other Non Current Liabilities	27.56M	32.95M	38.4M	42.8M	51.65M
Total Liabilities	1.68B	2.39B	3.57B	4.39B	4.16B
Common Stock, Total	404M	404M	404M	404M	404M
Additional Paid In Capital	1.4B	1.41B	1.41B	1.41B	1.41B
Retained Earnings	453M	647M	869M	1.12B	1.4B
Comprehensive Income and Other	32.57M	-14.72M	-19.39M	-10.85M	3.81M
Total Common Equity	2.3B	2.44B	2.66B	2.92B	3.22B
Minority Interest	22.42M	20.07M	14.84M	13.5M	25.59M
Total Equity	2.32B	2.46B	2.68B	2.93B	3.25B
Total Liabilities And Equity	3.99B	4.85B	6.25B	7.32B	7.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	404M	404M	404M	404M	404M
ECS Total Common Shares Outstanding	404M	404M	404M	404M	404M
Book Value / Share	5.67	6.04	6.58	7.21	7.97
Tangible Book Value	2.19B	2.34B	2.56B	2.76B	3.06B
Tangible Book Value Per Share	5.42	5.79	6.33	6.83	7.57
Total Debt	31.14M	124M	128M	134M	114M
Net Debt	-1.46B	-912M	-976M	-879M	-1.12B
Debt Equivalent of Unfunded Proj. Benefit Obligation	7.26M	7.46M	7.4M	7.53M	8.02M
Debt Equivalent Oper. Leases	18.88M	34.68M	18.88M	55.97M	103M
Minority Interest, Total (Incl. Fin. Div)	22.42M	20.07M	14.84M	13.5M	25.59M
Equity Method Investments, Total	19.92M	16.9M	18.12M	28.35M	26.57M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	61.21M	122M	232M	211M	197M
Inventories - Work In Process, Total	197M	275M	384M	261M	170M
Inventories - Finished Goods, Total	260M	529M	992M	2.07B	1.94B
Buildings, Total	457M	457M	468M	471M	501M
Machinery, Total	584M	704M	832M	949M	1.11B
Full Time Employees	2.51K	2.79K	2.92K	3.08K	3.15K
Assets under Capital Lease - Gross	4.83M	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-1.04M	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	110M	121M	100M	137M	186M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	283M	315M	363M	410M	467M
Depreciation & Amortization - CF	63.96M	95.14M	106M	126M	147M
Amortization of Goodwill and Intangible Assets - (CF)	3.19M	3.19M	2.91M	3.6M	4.29M
Depreciation & Amortization, Total	67.15M	98.32M	109M	129M	152M
Amortization of Deferred Charges, Total - (CF)	5.01M	8.85M	12.7M	13.92M	12.59M
(Gain) Loss From Sale Of Asset	-121K	9.34K	52.25K	-46.22K	-917K
(Gain) Loss on Sale of Investments - (CF)	-25.28M	-1.5M	5.49M	-11.4M	-13.22M
Asset Writedown & Restructuring Costs	2.55M	806K	1.26M	2.17M	596K
Provision and Write-off of Bad Debts	14.75M	15.54M	27.9M	40.28M	55.32M
Other Operating Activities, Total	3.62M	-15.15M	-550K	3.51M	29.87M
Change In Accounts Receivable	-191M	-555M	-1.56B	-147M	-140M
Change In Inventories	-63.05M	-409M	-683M	-933M	226M
Change In Accounts Payable	291M	639M	2.43B	899M	-261M
Change In Deferred Taxes	-6.53M	10.79M	239K	-6.92M	703K
Cash from Operations	381M	108M	706M	400M	528M
Capital Expenditure	-162M	-147M	-182M	-243M	-214M
Sale of Property, Plant, and Equipment	3.06M	325K	167K	275K	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-74.15M	-11.07M	1.7M	-60M	45.33M
Other Investing Activities, Total	27.29M	21.23M	11.77M	8.94M	6.16M
Cash from Investing	-206M	-136M	-168M	-294M	-162M
Short Term Debt Issued, Total	-	33.35M	33.5M	18M	18M
Long-Term Debt Issued, Total	47.34M	2.42M	-	-	-
Total Debt Issued	47.34M	35.78M	33.5M	18M	18M
Short Term Debt Repaid, Total	-	-37.28M	-30.96M	-33.45M	-18.5M
Long-Term Debt Repaid, Total	-43.7M	-25.47M	-28.32M	-26.2M	-21.44M
Total Debt Repaid	-43.7M	-62.74M	-59.28M	-59.65M	-39.94M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-10.78M
Common Dividends Paid	-124M	-124M	-143M	-163M	-182M
Common & Preferred Stock Dividends Paid	-124M	-124M	-143M	-163M	-182M
Other Financing Activities, Total	-2.99M	577K	-	-2	-
Cash from Financing	-123M	-150M	-169M	-204M	-215M
Foreign Exchange Rate Adjustments	-1.77M	-1.08M	2.39M	353K	404K
Net Change in Cash	49.65M	-179M	371M	-97.9M	151M
Supplemental Items
Cash Interest Paid	-	-	9.71M	2.99M	1.4M
Cash Income Tax Paid (Refund)	38.91M	71.41M	76.39M	104M	121M
Levered Free Cash Flow	89.69M	-238M	362M	-383M	75.52M
Unlevered Free Cash Flow	91.4M	-234M	368M	-380M	77.89M
Change In Net Working Capital	-35.45M	354M	-241M	521M	140M
Net Debt Issued / Repaid	3.64M	-26.97M	-25.78M	-41.65M	-21.94M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.88	3.62	3.37	3.56	3.61
Return on Total Capital	6.44	6.49	6.93	8.16	8.32
Return On Equity %	12.66	13.08	13.93	14.56	15.16
Return on Common Equity	12.77	13.3	14.23	14.7	15.18
Margin Analysis
Gross Profit Margin %	31.5	27.32	28.43	30.2	31.99
SG&A Margin	12.82	11.98	12.61	13.92	13.92
EBITDA Margin %	11.94	9.76	10.11	11.78	12.27
EBITA Margin %	9.4	7.61	7.96	9.35	9.54
EBIT Margin %	9.27	7.52	7.88	9.26	9.44
Income From Continuing Operations Margin %	11.24	9.18	9.44	9.78	10.4
Net Income Margin %	11.22	9.25	9.57	9.83	10.33
Net Avail. For Common Margin %	11.22	9.25	9.57	9.83	10.33
Normalized Net Income Margin	6.14	5.28	5.45	6.17	6.33
Levered Free Cash Flow Margin	3.56	-6.99	9.54	-9.17	1.67
Unlevered Free Cash Flow Margin	3.63	-6.86	9.69	-9.11	1.72
Asset Turnover
Asset Turnover	0.67	0.77	0.68	0.62	0.61
Fixed Assets Turnover	5.05	5.65	5.43	5.59	5.31
Receivables Turnover (Average Receivables)	2.79	2.85	2.45	2.44	2.49
Inventory Turnover (Average Inventory)	3.6	3.46	2.15	1.42	1.29
Short Term Liquidity
Current Ratio	2.08	1.7	1.39	1.42	1.42
Quick Ratio	1.64	1.16	0.83	0.66	0.78
Operating Cash Flow to Current Liabilities	0.26	0.05	0.21	0.1	0.13
Days Sales Outstanding (Average Receivables)	131.01	128.29	148.73	149.41	147.15
Days Outstanding Inventory (Average Inventory)	101.53	105.37	169.38	257.93	284.12
Average Days Payable Outstanding	130.39	108.21	125.63	121.31	145.77
Cash Conversion Cycle (Average Days)	102.15	125.45	192.48	286.03	285.5
Long Term Solvency
Total Debt/Equity	1.34	5.04	4.79	4.56	3.49
Total Debt / Total Capital	1.33	4.8	4.57	4.36	3.38
LT Debt/Equity	0.11	3.06	2.01	2.06	1.77
Long-Term Debt / Total Capital	0.1	2.91	1.92	1.97	1.71
Total Liabilities / Total Assets	41.98	49.2	57.17	59.95	56.14
EBIT / Interest Expense	85.71	35.02	32.84	92.28	112.4
EBITDA / Interest Expense	110.35	48.46	44.81	123.15	152.3
(EBITDA - Capex) / Interest Expense	50.83	28.42	24.81	65.05	96.06
Total Debt / EBITDA	0.1	0.35	0.31	0.26	0.2
Net Debt / EBITDA	-4.84	-2.57	-2.39	-1.7	-1.93
Total Debt / (EBITDA - Capex)	0.22	0.6	0.57	0.49	0.31
Net Debt / (EBITDA - Capex)	-10.5	-4.39	-4.32	-3.23	-3.07
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.46	35.24	11.36	9.97	8.39
Gross Profit, 1 Yr. Growth %	-12.02	17.28	15.9	16.82	16.7
EBITDA, 1 Yr. Growth %	-2.41	10.03	14.61	27.19	11.98
EBITA, 1 Yr. Growth %	-6.24	8.85	15.47	27.97	9.42
EBIT, 1 Yr. Growth %	-5.94	9.66	16.7	29.26	10.51
Earnings From Cont. Operations, 1 Yr. Growth %	10.85	10.41	14.51	14	15.23
Net Income, 1 Yr. Growth %	12.11	11.44	15.32	12.87	13.89
Normalized Net Income, 1 Yr. Growth %	2.07	16.29	15.11	24.42	11.22
Diluted EPS Before Extra, 1 Yr. Growth %	0	11.43	15.38	12.22	13.86
Accounts Receivable, 1 Yr. Growth %	15.3	50.31	15.61	6.49	5.54
Inventory, 1 Yr. Growth %	14.45	79.81	74.3	57.01	-10.09
Net Property, Plant and Equip., 1 Yr. Growth %	14.99	26.22	7.78	5.9	8.21
Total Assets, 1 Yr. Growth %	12.78	21.46	28.81	17.13	0.32
Tangible Book Value, 1 Yr. Growth %	8.25	6.92	9.24	7.97	10.71
Common Equity, 1 Yr. Growth %	7.7	6.51	8.88	9.64	9.93
Cash From Operations, 1 Yr. Growth %	-14.58	-71.61	552.67	-43.3	32.08
Capital Expenditures, 1 Yr. Growth %	3.46	-9.6	24.16	33.65	-12.18
Levered Free Cash Flow, 1 Yr. Growth %	22.88	-365.67	-251.92	-223.94	-38.33
Unlevered Free Cash Flow, 1 Yr. Growth %	22.61	-355.72	-257.32	-220.87	-37.72
Dividend Per Share, 1 Yr. Growth %	0	16.67	14.29	12.5	11.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.52	11.27	22.72	10.66	9.17
Gross Profit, 2 Yr. CAGR %	1.49	1.58	16.59	16.36	15.8
EBITDA, 2 Yr. CAGR %	5.88	3.88	12.64	21.2	19.85
EBITA, 2 Yr. CAGR %	5.94	1.34	12.56	22.15	18.96
EBIT, 2 Yr. CAGR %	6.19	1.56	13.13	22.82	19.52
Earnings From Cont. Operations, 2 Yr. CAGR %	16.06	10.63	12.44	14.25	14.61
Net Income, 2 Yr. CAGR %	16.89	11.78	13.36	14.09	13.38
Normalized Net Income, 2 Yr. CAGR %	11.53	8.95	15.7	19.67	17.64
Diluted EPS Before Extra, 2 Yr. CAGR %	9.86	5.56	13.39	13.79	13.04
Accounts Receivable, 2 Yr. CAGR %	1.32	31.64	31.82	10.96	6.04
Inventory, 2 Yr. CAGR %	-9.15	43.45	77.03	65.43	18.81
Net Property, Plant and Equip., 2 Yr. CAGR %	18.27	20.48	16.64	6.84	10.5
Total Assets, 2 Yr. CAGR %	23.1	17.04	25.08	22.83	8.88
Tangible Book Value, 2 Yr. CAGR %	54.34	7.58	8.07	8.6	9.37
Common Equity, 2 Yr. CAGR %	49.82	7.1	7.69	9.26	10.05
Cash From Operations, 2 Yr. CAGR %	47.91	-50.76	36.11	92.37	-13.46
Capital Expenditures, 2 Yr. CAGR %	39.24	-3.29	5.94	28.81	8.33
Levered Free Cash Flow, 2 Yr. CAGR %	56.2	80.68	100.9	26.71	-50.54
Unlevered Free Cash Flow, 2 Yr. CAGR %	55.3	77.07	100.58	27.51	-50.22
Dividend Per Share, 2 Yr. CAGR %	-	8.01	15.47	13.39	11.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.06	9.46	11.3	18.31	9.9
Gross Profit, 3 Yr. CAGR %	11.72	6.51	6.14	16.67	15.83
EBITDA, 3 Yr. CAGR %	27.13	7.42	7.56	17.59	18.38
EBITA, 3 Yr. CAGR %	36.85	7.13	6.13	17.85	18.16
EBIT, 3 Yr. CAGR %	37.31	7.34	6.38	18.27	18.57
Earnings From Cont. Operations, 3 Yr. CAGR %	36.52	14.14	11.91	12.96	14.58
Net Income, 3 Yr. CAGR %	36.2	15.05	12.94	13.2	14.02
Normalized Net Income, 3 Yr. CAGR %	43.02	13.1	10.96	18.53	16.79
Diluted EPS Before Extra, 3 Yr. CAGR %	21.53	10.38	8.74	13	13.82
Accounts Receivable, 3 Yr. CAGR %	9.91	15.56	26.07	22.77	9.14
Inventory, 3 Yr. CAGR %	-5.45	14.06	53.08	70.09	35
Net Property, Plant and Equip., 3 Yr. CAGR %	12.77	20.86	16.09	12.94	9.59
Total Assets, 3 Yr. CAGR %	18.66	22.55	20.84	22.37	15.15
Tangible Book Value, 3 Yr. CAGR %	35.28	36.56	8.13	8.04	9.32
Common Equity, 3 Yr. CAGR %	32.5	33.72	7.69	8.33	9.66
Cash From Operations, 3 Yr. CAGR %	40.99	-14.69	16.53	1.65	69.71
Capital Expenditures, 3 Yr. CAGR %	36.84	20.56	5.11	14.47	13.37
Levered Free Cash Flow, 3 Yr. CAGR %	-29.94	86.45	70.53	62.18	-31.82
Unlevered Free Cash Flow, 3 Yr. CAGR %	-29.26	83.39	70.23	60.8	-30.67
Dividend Per Share, 3 Yr. CAGR %	-	-	10.06	14.47	12.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	16.6	14.33	9.94	10.44
Gross Profit, 5 Yr. CAGR %	-	14.44	13.64	10.34	9.91
EBITDA, 5 Yr. CAGR %	-	31.23	21.24	12.87	12.49
EBITA, 5 Yr. CAGR %	-	61.85	26.72	13.08	11.3
EBIT, 5 Yr. CAGR %	-	64.34	27.07	13.28	11.45
Earnings From Cont. Operations, 5 Yr. CAGR %	-	18.89	26.32	14.19	12.98
Net Income, 5 Yr. CAGR %	-	19.19	26.56	14.66	13.12
Normalized Net Income, 5 Yr. CAGR %	-	25.97	31.39	15.68	13.59
Diluted EPS Before Extra, 5 Yr. CAGR %	-	4.84	18.2	11.73	10.44
Accounts Receivable, 5 Yr. CAGR %	-	22.52	18.2	13.69	17.64
Inventory, 5 Yr. CAGR %	-	17.53	21.51	32.35	38.32
Net Property, Plant and Equip., 5 Yr. CAGR %	-	11.95	14.3	15.04	13.82
Total Assets, 5 Yr. CAGR %	-	21.78	21.19	22.66	15.9
Tangible Book Value, 5 Yr. CAGR %	-	51.71	23.66	24.6	8.62
Common Equity, 5 Yr. CAGR %	-	45.53	21.95	23.34	8.63
Cash From Operations, 5 Yr. CAGR %	-	-7.56	39.02	18.1	3.46
Capital Expenditures, 5 Yr. CAGR %	-	17.17	23.53	23.8	6.39
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	6.78	59.76	0.68
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	7.33	58.58	0.88
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	10.76