Cash flow Kao Corporation

Equities

4452

JP3205800000

Personal Products

Delayed Japan Exchange Other stock markets 02:30:00 2026-05-14 am EDT			5-day change	1st Jan Change
5,893.00 ^JPY	+1.17%		+0.53%	-5.88%

May. 13	Kao Sells Steady, Earns Better
May. 13	Oasis Management Company is making proposal to Kao Corp, continue shareholder engagement, filing shows	RE

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Published financial data: KAO CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1,419B	1,551B	1,533B	1,628B	1,689B
Total Revenues	1,419B	1,551B	1,533B	1,628B	1,689B
Cost of Goods Sold, Total	846B	1,003B	972B	990B	1,020B
Gross Profit	573B	548B	560B	638B	668B
Selling General & Admin Expenses, Total	342B	354B	376B	408B	506B
R&D Expenses	58.99B	60.6B	62.58B	62.09B	-
Depreciation & Amortization - (IS)	26.19B	26.5B	27.82B	28.33B	-
Other Operating Expenses	-6.59B	-6.3B	-6.55B	-4.75B	-5.46B
Other Operating Expenses, Total	420B	435B	460B	493B	500B
Operating Income	153B	114B	100B	145B	168B
Interest Expense, Total	-2.49B	-2.35B	-3.38B	-3.62B	-2.71B
Interest And Investment Income	1.36B	2.23B	3.62B	4.8B	3.51B
Net Interest Expenses	-1.13B	-127M	236M	1.18B	794M
Income (Loss) On Equity Invest.	2.62B	2.54B	2.39B	3.48B	3.41B
Currency Exchange Gains (Loss)	4.99B	3.28B	1.03B	-427M	2.02B
Other Non Operating Income (Expenses)	10M	81M	152M	141M	252M
EBT, Excl. Unusual Items	159B	120B	104B	149B	174B
Restructuring Charges	-	-	-13.58B	-3.36B	-7M
Gain (Loss) On Sale Of Assets	-4.68B	-3.62B	-4.9B	6.8B	-4.12B
Asset Writedown	-4.55B	-34M	-21.7B	-1.81B	-301M
EBT, Incl. Unusual Items	150B	116B	63.84B	151B	170B
Income Tax Expense	38.59B	28.11B	17.68B	40.65B	49.26B
Earnings From Continuing Operations	111B	87.74B	46.16B	110B	121B
Net Income to Company	111B	87.74B	46.16B	110B	121B
Minority Interest	-1.78B	-1.7B	-2.29B	-2.61B	-505M
Net Income - (IS)	110B	86.04B	43.87B	108B	120B
Net Income to Common Incl Extra Items	110B	86.04B	43.87B	108B	120B
Net Income to Common Excl. Extra Items	110B	86.04B	43.87B	108B	120B
Per Share Items
Net EPS - Basic	230.59	183.28	94.37	231.94	260.3
Basic EPS - Continuing Operations	230.59	183.28	94.37	231.94	260.3
Basic Weighted Average Shares Outstanding	475M	469M	465M	465M	461M
Net EPS - Diluted	230.57	183.27	94.37	231.94	260.3
Diluted EPS - Continuing Operations	230.57	183.27	94.37	231.94	260.3
Diluted Weighted Average Shares Outstanding	476M	469M	465M	465M	461M
Normalized Basic EPS	205.57	155.48	134.93	195.35	235.02
Normalized Diluted EPS	205.56	155.47	134.93	195.35	235.02
Dividend Per Share	144	148	150	152	154
Payout Ratio	61.89	80.12	158.06	65.18	59.25
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	240B	203B	190B	233B	225B
EBITA	153B	114B	100B	145B	171B
EBIT	153B	114B	100B	145B	168B
EBITDAR	-	-	-	-	227B
Effective Tax Rate - (Ratio)	25.72	24.26	27.7	26.92	29
Total Current Taxes	-	-	-	-	42.1B
Total Deferred Taxes	-	-	-	-	7.16B
Normalized Net Income	97.74B	72.99B	62.72B	90.76B	108B
Interest on Long-Term Debt	-	-	-	-	1.94B
Non-Cash Pension Expense	400M	272M	343M	-43M	-933M
Supplemental Operating Expense Items
Advertising Expense	122B	122B	127B	143B	151B
Selling and Marketing Expenses	122B	122B	127B	143B	151B
Research And Development Expense From Footnotes	59B	60.6B	62.6B	62.1B	61.13B
Net Rental Expense, Total	-	-	-	-	1.86B
Imputed Operating Lease Interest Expense	-	-	-	-	165M
Imputed Operating Lease Depreciation	-	-	-	-	1.69B
Stock-Based Comp., Other (Total)	-	-	-	-	641M
Total Stock-Based Compensation	-	-	-	-	641M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	336B	268B	292B	358B	323B
Total Cash And Short Term Investments	336B	268B	292B	358B	323B
Accounts Receivable, Total	216B	231B	226B	238B	237B
Other Receivables	2.51B	4.17B	5.19B	5.47B	13.3B
Total Receivables	219B	235B	231B	244B	251B
Inventory	228B	278B	264B	275B	292B
Prepaid Expenses	9.56B	10.96B	11.33B	13.76B	13.81B
Other Current Assets, Total	17.38B	14.84B	19.18B	24.38B	25.68B
Total Current Assets	810B	807B	817B	914B	906B
Gross Property Plant And Equipment	-	-	-	-	1,826B
Accumulated Depreciation	-	-	-	-	-1,269B
Net Property Plant And Equipment	573B	578B	547B	540B	556B
Long-term Investments	44.07B	45.31B	49.66B	53.92B	15.62B
Goodwill	183B	192B	219B	228B	231B
Other Intangibles, Total	52.64B	60.18B	81.76B	81.95B	79.47B
Deferred Tax Assets Long-Term	41.35B	43.83B	55.52B	49.04B	43.3B
Other Long-Term Assets, Total	-	-	-	-	43.4B
Total Assets	1,704B	1,726B	1,770B	1,867B	1,875B
Liabilities
Accounts Payable, Total	229B	244B	236B	258B	173B
Accrued Expenses, Total	86.53B	88.35B	84.83B	95B	103B
Short-term Borrowings	848M	648M	14.02B	724M	823M
Current Portion of Long-Term Debt	5.31B	65.02B	22M	35.02B	25.24B
Current Portion of Leases	19.93B	19.44B	19.02B	20.15B	20.88B
Current Income Taxes Payable	31.52B	19.54B	26.39B	33.26B	31.82B
Unearned Revenue Current, Total	-	-	-	-	43.34B
Other Current Liabilities	48.68B	49.85B	80.14B	67.4B	120B
Total Current Liabilities	422B	487B	460B	510B	518B
Long-Term Debt	122B	62.17B	124B	95.31B	106B
Long-Term Leases	121B	116B	104B	94.12B	90.61B
Pension & Other Post Retirement Benefits	29.84B	38.74B	40.45B	39.46B	36.69B
Deferred Tax Liability Non Current	5.83B	6.86B	8.68B	9.75B	10.83B
Other Non Current Liabilities	19.96B	20.97B	20.63B	20.16B	18.44B
Total Liabilities	720B	731B	758B	768B	780B
Common Stock, Total	85.42B	85.42B	85.42B	85.42B	85.42B
Additional Paid In Capital	106B	106B	106B	106B	106B
Retained Earnings	782B	740B	712B	749B	717B
Treasury Stock	-3.96B	-3.46B	-3.27B	-5.92B	-5.12B
Comprehensive Income and Other	-3.72B	43.84B	83.92B	132B	161B
Total Common Equity	965B	972B	984B	1,067B	1,064B
Minority Interest	18.74B	23.32B	28.38B	32.06B	30.62B
Total Equity	984B	995B	1,012B	1,099B	1,095B
Total Liabilities And Equity	1,704B	1,726B	1,770B	1,867B	1,875B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	474M	465M	465M	464M	452M
ECS Total Common Shares Outstanding	-	465M	465M	464M	452M
Book Value / Share	2.04K	2.09K	2.12K	2.3K	2.35K
Tangible Book Value	729B	720B	683B	756B	754B
Tangible Book Value Per Share	1.54K	1.55K	1.47K	1.63K	1.67K
Total Debt	269B	263B	261B	245B	243B
Net Debt	-67.39B	-5.36B	-30.59B	-112B	-80.14B
Debt Equivalent of Unfunded Proj. Benefit Obligation	24.79B	2.08B	-26.44B	-61.64B	-108B
Debt Equivalent Oper. Leases	-	-	-	-	14.84B
Minority Interest, Total (Incl. Fin. Div)	18.74B	23.32B	28.38B	32.06B	30.62B
Equity Method Investments, Total	10.05B	11.06B	11.81B	14.53B	15.62B
Account Code - Inventory Valuation	-	-	-	-	3
Inventories - Raw Materials, Total	45.4B	53.04B	44.74B	50.27B	53.19B
Inventories - Work In Process, Total	14.12B	16.37B	15.84B	15.19B	18.19B
Inventories - Finished Goods, Total	169B	209B	203B	209B	221B
Land - (BS)	-	-	-	-	90.65B
Buildings, Total	-	-	-	-	533B
Machinery, Total	-	-	-	-	1,028B
Full Time Employees	33.51K	35.41K	34.26K	32.57K	31.51K
Accumulated Allowance for Doubtful Accounts (Supple)	1.74B	1.61B	2.08B	1.84B	1.95B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	150B	116B	63.84B	151B	120B
Depreciation & Amortization - CF	87.34B	89.74B	89.6B	88.42B	73.5B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	3B
Depreciation & Amortization, Total	87.34B	89.74B	89.6B	88.42B	76.5B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	9.34B
(Gain) Loss From Sale Of Asset	4.46B	3.52B	26.49B	4.17B	3.26B
(Income) Loss On Equity Investments - (CF)	-2.62B	-2.54B	-2.39B	-3.48B	-3.41B
Other Operating Activities, Total	-43.8B	-36.96B	-22.25B	-25.43B	7.96B
Change In Accounts Receivable	-4.44B	3.39B	20.48B	1.18B	4.01B
Change In Inventories	-20.51B	-36.93B	29.38B	-1.41B	-10.08B
Change In Accounts Payable	8.68B	5.5B	-19.38B	10.99B	-1.4B
Change in Other Net Operating Assets	-3.6B	-10.66B	16.72B	-23.89B	-6.58B
Cash from Operations	176B	131B	202B	202B	200B
Capital Expenditure	-59.95B	-65.52B	-54.17B	-57.4B	-61.21B
Sale of Property, Plant, and Equipment	-	-	-	9.83B	1.56B
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-11.57B	-11.68B	-12.28B	-10.07B	-9.63B
Investment in Marketable and Equity Securities, Total	1.51B	3.23B	-2.64B	-3.42B	-306M
Other Investing Activities, Total	2.78B	-944M	-40.21B	15.17B	-173M
Cash from Investing	-67.23B	-74.91B	-109B	-45.9B	-69.77B
Short Term Debt Issued, Total	440M	-	12.91B	-	90M
Long-Term Debt Issued, Total	30.29B	7.28B	64.94B	10B	35.5B
Total Debt Issued	30.73B	7.28B	77.85B	10B	35.59B
Short Term Debt Repaid, Total	-	-207M	-	-14.3B	-
Long-Term Debt Repaid, Total	-31.39B	-7.33B	-68.29B	-4.39B	-57.26B
Total Debt Repaid	-31.39B	-7.54B	-68.29B	-18.69B	-57.26B
Repurchase of Common Stock	-51.79B	-50.04B	-17M	-	-80.05B
Common Dividends Paid	-67.86B	-68.93B	-69.34B	-70.25B	-71.15B
Common & Preferred Stock Dividends Paid	-67.86B	-68.93B	-69.34B	-70.25B	-71.15B
Other Financing Activities, Total	-21.26B	-20.09B	-20.18B	-25.65B	-2.27B
Cash from Financing	-142B	-139B	-79.98B	-105B	-175B
Foreign Exchange Rate Adjustments	16.17B	15.5B	10.22B	14.94B	10.79B
Net Change in Cash	-17.11B	-67.82B	23.42B	66.05B	-34.43B
Supplemental Items
Cash Interest Paid	2.04B	1.91B	2.6B	2.62B	2.64B
Cash Income Tax Paid (Refund)	45.9B	39.34B	24.63B	27.63B	31.02B
Levered Free Cash Flow	81.89B	22.61B	123B	105B	110B
Unlevered Free Cash Flow	83.44B	24.08B	125B	108B	112B
Change In Net Working Capital	27.84B	59.53B	-38.87B	4.04B	8.74B
Net Debt Issued / Repaid	-661M	-258M	9.55B	-8.69B	-21.66B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.67	4.14	3.58	4.98	5.6
Return on Total Capital	7.75	5.66	4.95	6.93	7.82
Return On Equity %	11.59	8.87	4.6	10.46	10.99
Return on Common Equity	11.61	8.88	4.49	10.51	11.27
Margin Analysis
Gross Profit Margin %	40.4	35.35	36.57	39.2	39.57
SG&A Margin	24.1	22.81	24.56	25.04	29.96
EBITDA Margin %	16.92	13.12	12.38	14.33	13.32
EBITA Margin %	10.77	7.33	6.54	8.9	10.11
EBIT Margin %	10.77	7.33	6.54	8.9	9.94
Income From Continuing Operations Margin %	7.85	5.66	3.01	6.78	7.14
Net Income Margin %	7.73	5.55	2.86	6.62	7.11
Net Avail. For Common Margin %	7.73	5.55	2.86	6.62	7.11
Normalized Net Income Margin	6.89	4.71	4.09	5.57	6.42
Levered Free Cash Flow Margin	5.77	1.46	8	6.47	6.52
Unlevered Free Cash Flow Margin	5.88	1.55	8.13	6.6	6.62
Asset Turnover
Asset Turnover	0.84	0.9	0.88	0.9	0.9
Fixed Assets Turnover	2.46	2.7	2.73	3	3.08
Receivables Turnover (Average Receivables)	6.82	6.94	6.71	7.02	7.21
Inventory Turnover (Average Inventory)	3.97	3.96	3.59	3.68	3.6
Short Term Liquidity
Current Ratio	1.92	1.66	1.78	1.79	1.75
Quick Ratio	1.31	1.03	1.14	1.18	1.11
Operating Cash Flow to Current Liabilities	0.42	0.27	0.44	0.4	0.39
Days Sales Outstanding (Average Receivables)	53.55	52.57	54.36	52.14	50.62
Days Outstanding Inventory (Average Inventory)	91.88	92.18	101.79	99.53	101.4
Average Days Payable Outstanding	92.69	81.95	91.34	90.24	60.8
Cash Conversion Cycle (Average Days)	52.74	62.8	64.81	61.43	91.22
Long Term Solvency
Total Debt/Equity	27.31	26.41	25.8	22.33	22.21
Total Debt / Total Capital	21.45	20.89	20.51	18.25	18.17
LT Debt/Equity	24.66	17.86	22.53	17.24	17.92
Long-Term Debt / Total Capital	19.37	14.13	17.91	14.09	14.67
Total Liabilities / Total Assets	42.26	42.34	42.81	41.15	41.62
EBIT / Interest Expense	61.42	48.31	29.6	40.11	61.83
EBITDA / Interest Expense	96.54	86.43	56.07	64.57	90.01
(EBITDA - Capex) / Interest Expense	72.43	58.6	40.07	48.69	67.46
Total Debt / EBITDA	1.12	1.29	1.38	1.05	1
Net Debt / EBITDA	-0.28	-0.03	-0.16	-0.48	-0.33
Total Debt / (EBITDA - Capex)	1.49	1.91	1.92	1.39	1.33
Net Debt / (EBITDA - Capex)	-0.37	-0.04	-0.23	-0.64	-0.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.66	9.32	-1.19	6.26	3.7
Gross Profit, 1 Yr. Growth %	-2.96	-4.34	2.2	13.91	4.66
EBITDA, 1 Yr. Growth %	-9.4	-15.25	-6.71	22.99	9.48
EBITA, 1 Yr. Growth %	-14.63	-25.54	-11.89	44.71	14.73
EBIT, 1 Yr. Growth %	-14.63	-25.54	-11.89	44.71	15.04
Earnings From Cont. Operations, 1 Yr. Growth %	-13	-21.25	-47.39	139.13	9.25
Net Income, 1 Yr. Growth %	-13.09	-21.52	-49.01	145.65	11.43
Normalized Net Income, 1 Yr. Growth %	-10.24	-25.33	-14.06	44.7	18.14
Diluted EPS Before Extra, 1 Yr. Growth %	-12.08	-20.51	-48.51	145.78	12.23
Accounts Receivable, 1 Yr. Growth %	8.06	6.66	-2.03	5.37	2.82
Inventory, 1 Yr. Growth %	15.4	22.06	-5.23	4.1	6.46
Net Property, Plant and Equip., 1 Yr. Growth %	-1.34	0.92	-5.39	-1.27	3.04
Total Assets, 1 Yr. Growth %	2.3	1.31	2.51	5.51	0.42
Tangible Book Value, 1 Yr. Growth %	4.38	-1.23	-5.14	10.75	-0.38
Common Equity, 1 Yr. Growth %	4.49	0.72	1.19	8.45	-0.25
Cash From Operations, 1 Yr. Growth %	-18.25	-25.42	54.68	-0.44	-0.95
Capital Expenditures, 1 Yr. Growth %	0.93	9.29	-17.33	5.98	6.64
Levered Free Cash Flow, 1 Yr. Growth %	-39.8	-72.39	441.88	-14.08	2.85
Unlevered Free Cash Flow, 1 Yr. Growth %	-39.51	-71.14	417.56	-13.72	2.79
Dividend Per Share, 1 Yr. Growth %	2.86	2.78	1.35	1.33	1.32
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.82	5.94	3.93	2.46	4.97
Gross Profit, 2 Yr. CAGR %	-6.35	-3.65	-1.12	7.9	9.19
EBITDA, 2 Yr. CAGR %	-10.46	-12.37	-11.09	7.11	22.63
EBITA, 2 Yr. CAGR %	-15.92	-20.27	-19	12.92	55.7
EBIT, 2 Yr. CAGR %	-15.92	-20.27	-19	12.92	67.18
Earnings From Cont. Operations, 2 Yr. CAGR %	-13.92	-17.23	-35.64	12.16	61.63
Net Income, 2 Yr. CAGR %	-13.99	-17.41	-36.74	11.92	65.44
Normalized Net Income, 2 Yr. CAGR %	-14.03	-18.13	-19.89	11.52	69.77
Diluted EPS Before Extra, 2 Yr. CAGR %	-13.29	-16.4	-36.02	12.5	66.08
Accounts Receivable, 2 Yr. CAGR %	1.75	7.36	2.22	1.61	2.52
Inventory, 2 Yr. CAGR %	6.87	18.68	7.55	-0.68	5.27
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.44	-0.22	-2.28	-3.35	0.86
Total Assets, 2 Yr. CAGR %	1.5	1.81	1.91	4	2.93
Tangible Book Value, 2 Yr. CAGR %	7.55	1.54	-3.21	2.5	5.04
Common Equity, 2 Yr. CAGR %	6.08	2.59	0.95	4.76	4.01
Cash From Operations, 2 Yr. CAGR %	-15.28	-21.92	7.4	24.09	-0.69
Capital Expenditures, 2 Yr. CAGR %	-15.5	5.03	-4.95	-6.4	6.31
Levered Free Cash Flow, 2 Yr. CAGR %	-21.54	-59.23	22.33	115.77	6.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	-21.47	-58.22	22.22	111.31	5.96
Dividend Per Share, 2 Yr. CAGR %	5.25	2.82	2.06	1.34	1.32
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.01	1.07	3.51	4.7	2.87
Gross Profit, 3 Yr. CAGR %	-4.3	-5.68	-1.74	3.66	-24.48
EBITDA, 3 Yr. CAGR %	-4.38	-12.09	-10.53	-0.93	4.04
EBITA, 3 Yr. CAGR %	-10.63	-19.26	-17.57	-1.72	15.77
EBIT, 3 Yr. CAGR %	-10.63	-19.26	-17.57	-1.72	15.09
Earnings From Cont. Operations, 3 Yr. CAGR %	-10.49	-16.43	-28.84	-0.31	11.18
Net Income, 3 Yr. CAGR %	-10.65	-16.58	-29.68	-0.57	11.75
Normalized Net Income, 3 Yr. CAGR %	-9.49	-17.97	-16.8	-2.44	15.32
Diluted EPS Before Extra, 3 Yr. CAGR %	-9.79	-15.77	-28.87	0.2	12.41
Accounts Receivable, 3 Yr. CAGR %	-1.04	3.36	4.13	3.26	0.98
Inventory, 3 Yr. CAGR %	4.9	11.71	10.11	6.39	1.65
Net Property, Plant and Equip., 3 Yr. CAGR %	10.98	-1.33	-1.97	-1.95	-1.26
Total Assets, 3 Yr. CAGR %	5.26	1.44	2.04	3.1	2.79
Tangible Book Value, 3 Yr. CAGR %	6.97	4.54	-0.74	1.24	1.53
Common Equity, 3 Yr. CAGR %	5.48	4.26	2.12	3.39	3.06
Cash From Operations, 3 Yr. CAGR %	-3.55	-18.8	-1.94	4.72	15.11
Capital Expenditures, 3 Yr. CAGR %	-9.28	-7.93	-3.03	-1.44	-2.24
Levered Free Cash Flow, 3 Yr. CAGR %	-1.31	-44.6	-3.42	8.74	71.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.16	-43.75	-3.32	8.83	72.44
Dividend Per Share, 3 Yr. CAGR %	6.27	4.42	2.33	1.82	1.33
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.54	0.81	0.32	1.63	4.09
Gross Profit, 5 Yr. CAGR %	-6.91	-3.5	-3.04	-0.47	2.5
EBITDA, 5 Yr. CAGR %	-0.19	-5.01	-7.12	-4.86	-2.97
EBITA, 5 Yr. CAGR %	-4.4	-11.42	-14.08	-7.67	-0.55
EBIT, 5 Yr. CAGR %	-4.4	-11.42	-14.08	-7.67	-0.9
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.72	-10	-21.55	-5.99	-1.2
Net Income, 5 Yr. CAGR %	-2.83	-10.16	-22.18	-6.17	-0.98
Normalized Net Income, 5 Yr. CAGR %	-3.51	-10.68	-13.8	-7.25	0.3
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.85	-9.27	-21.38	-5.43	-0.15
Accounts Receivable, 5 Yr. CAGR %	0.73	1.27	0.25	2.66	3.48
Inventory, 5 Yr. CAGR %	6.66	8.64	5.95	6.58	8.15
Net Property, Plant and Equip., 5 Yr. CAGR %	9.08	7.87	5.47	-2.14	-0.85
Total Assets, 5 Yr. CAGR %	4.95	3.88	3.91	2.46	2.4
Tangible Book Value, 5 Yr. CAGR %	6.69	2.04	2.78	3.72	1.53
Common Equity, 5 Yr. CAGR %	7.26	3.81	3.65	4.46	2.87
Cash From Operations, 5 Yr. CAGR %	-0.97	-6.77	0.69	-3.79	-1.44
Capital Expenditures, 5 Yr. CAGR %	-4.29	-4.77	-7.57	-7.32	0.6
Levered Free Cash Flow, 5 Yr. CAGR %	-11.22	-16.55	7.54	-4.57	-3.6
Unlevered Free Cash Flow, 5 Yr. CAGR %	-11.06	-15.9	7.6	-4.49	-3.83
Dividend Per Share, 5 Yr. CAGR %	8.9	6.11	4.56	3.18	1.92