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Latest revision | Your text | ||
Line 471: | Line 471: | ||
=== Income statement === | === Income statement === | ||
{| class="wikitable" | {| class="wikitable" | ||
| | |+ | ||
!Fiscal year is January-December. All values USD Millions. | |||
!2022 | !2022 | ||
!2021 | !2021 | ||
Line 477: | Line 478: | ||
!2019 | !2019 | ||
!2018 | !2018 | ||
! | |||
|- | |- | ||
| | |Sales/Revenue | ||
| | |5,600 | ||
| | |4,612 | ||
| | |2,929 | ||
| | |1,578 | ||
| | |1,073 | ||
| | |||
|- | |- | ||
| | |Sales Growth | ||
| | |21.42% | ||
| | |57.43% | ||
| | |85.63% | ||
| | |47.05% | ||
| - | | - | ||
| | |||
|- | |- | ||
| | |Cost of Goods Sold (COGS) incl. D&A | ||
| | |2,883 | ||
| | |2,174 | ||
| | |1,426 | ||
|729 | |729 | ||
|488 | |488 | ||
| | |||
|- | |- | ||
| | |COGS excluding D&A | ||
| | |2,792 | ||
| | |2,108 | ||
| | |1,356 | ||
|693 | |693 | ||
|461 | |461 | ||
| | |||
|- | |- | ||
| | |Depreciation & Amortization Expense | ||
|91 | |91 | ||
|66 | |66 | ||
Line 512: | Line 518: | ||
|36 | |36 | ||
|27 | |27 | ||
| | |||
|- | |- | ||
| | |Depreciation | ||
|36 | |36 | ||
|42 | |42 | ||
Line 519: | Line 526: | ||
|17 | |17 | ||
|17 | |17 | ||
| | |||
|- | |- | ||
| | |Amortization of Intangibles | ||
|54 | |54 | ||
|24 | |24 | ||
Line 526: | Line 534: | ||
|19 | |19 | ||
|10 | |10 | ||
| | |||
|- | |- | ||
| | |Amortization of Deferred Charges | ||
| | | - | ||
| - | | - | ||
| - | |||
| - | |||
| - | |||
| | |||
|- | |- | ||
| | |COGS Growth | ||
| | |32.62% | ||
| | |52.46% | ||
| | |95.56% | ||
|49.31% | |||
| - | |||
| | |||
|- | |||
|Gross Income | |||
|2,717 | |||
|2,438 | |||
|1,504 | |||
|849 | |849 | ||
|585 | |585 | ||
| | |||
|- | |- | ||
| | |Gross Income Growth | ||
| | |11.44% | ||
| | |62.14% | ||
| | |77.10% | ||
| | |45.17% | ||
| - | | - | ||
| | |||
|- | |- | ||
| | |Gross Profit Margin | ||
| | |48.52% | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| | |SG&A Expense | ||
| | |3,381 | ||
| | |2,110 | ||
| | |1,374 | ||
|985 | |985 | ||
|673 | |673 | ||
| | |||
|- | |- | ||
| | |Research & Development | ||
| | |1,472 | ||
|847 | |847 | ||
|531 | |531 | ||
|344 | |344 | ||
|226 | |226 | ||
| | |||
|- | |- | ||
| | |Other SG&A | ||
| | |1,909 | ||
| | |1,264 | ||
|844 | |844 | ||
|641 | |641 | ||
|447 | |447 | ||
| | |||
|- | |- | ||
| | |SGA Growth | ||
| | |60.20% | ||
| | |53.55% | ||
| | |39.54% | ||
| | |46.44% | ||
| - | | - | ||
| | |||
|- | |- | ||
| | |Other Operating Expense | ||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | | - | ||
| - | | - | ||
| | |||
|- | |||
| colspan="1" rowspan="2" |EBIT | |||
| colspan="1" rowspan="2" |-664 | |||
| colspan="1" rowspan="2" |328 | |||
| colspan="1" rowspan="2" |129 | |||
| colspan="1" rowspan="2" |-136 | |||
| colspan="1" rowspan="2" |-88 | |||
| | |||
|- | |- | ||
| | | | ||
|99 | |- | ||
|23 | | colspan="1" rowspan="2" |Unusual Expense | ||
| -2 | | colspan="1" rowspan="2" |3,133 | ||
| -8 | | colspan="1" rowspan="2" |-2,778 | ||
| -6 | | colspan="1" rowspan="2" |-99 | ||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Non Operating Income/Expense | |||
| colspan="1" rowspan="2" |99 | |||
| colspan="1" rowspan="2" |23 | |||
| colspan="1" rowspan="2" |-2 | |||
| colspan="1" rowspan="2" |-8 | |||
| colspan="1" rowspan="2" |-6 | |||
| | |||
|- | |||
| | |||
|- | |- | ||
| | |Non-Operating Interest Income | ||
|79 | |79 | ||
|15 | |15 | ||
Line 610: | Line 652: | ||
|48 | |48 | ||
|29 | |29 | ||
| | |||
|- | |||
|Equity in Affiliates (Pretax) | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |- | ||
| | |Interest Expense | ||
|3 | |3 | ||
|3 | |3 | ||
Line 617: | Line 668: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |||
| colspan="1" rowspan="2" |Interest Expense Growth | |||
| colspan="1" rowspan="2" |0.17% | |||
| colspan="1" rowspan="2" |-61.55% | |||
| colspan="1" rowspan="2" |0.00% | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |- | ||
| | | | ||
|- | |- | ||
| | |Gross Interest Expense | ||
|3 | |3 | ||
|3 | |3 | ||
Line 631: | Line 686: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| | |Interest Capitalized | ||
| - | | - | ||
| - | | - | ||
Line 638: | Line 694: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| | | colspan="1" rowspan="2" |Pretax Income | ||
| - | | colspan="1" rowspan="2" |-3,623 | ||
| | | colspan="1" rowspan="2" |3,141 | ||
|240 | | colspan="1" rowspan="2" |240 | ||
| -96 | | colspan="1" rowspan="2" |-96 | ||
| -65 | | colspan="1" rowspan="2" |-65 | ||
| | |||
|- | |- | ||
| | | | ||
|- | |- | ||
| | | colspan="1" rowspan="2" |Pretax Income Growth | ||
| - | | colspan="1" rowspan="2" |-215.36% | ||
| | | colspan="1" rowspan="2" |1206.60% | ||
| - | | colspan="1" rowspan="2" |350.86% | ||
| - | | colspan="1" rowspan="2" |-48.43% | ||
| | | colspan="1" rowspan="2" |- | ||
| | |||
|- | |- | ||
| | | | ||
| -162 | |- | ||
|226 | | colspan="1" rowspan="2" |Pretax Margin | ||
| -79 | | colspan="1" rowspan="2" |-64.70% | ||
|29 | | colspan="1" rowspan="2" |- | ||
| - | | colspan="1" rowspan="2" |- | ||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Income Tax | |||
| colspan="1" rowspan="2" |-162 | |||
| colspan="1" rowspan="2" |226 | |||
| colspan="1" rowspan="2" |-79 | |||
| colspan="1" rowspan="2" |29 | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Income Tax - Current Domestic | |||
| colspan="1" rowspan="2" |1 | |||
| colspan="1" rowspan="2" |2 | |||
| colspan="1" rowspan="2" |-54 | |||
| colspan="1" rowspan="2" |63 | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |- | ||
| | | | ||
|- | |- | ||
| | |Income Tax - Current Foreign | ||
|24 | |24 | ||
|33 | |33 | ||
Line 680: | Line 752: | ||
|2 | |2 | ||
| - | | - | ||
| | |||
|- | |- | ||
| | | colspan="1" rowspan="2" |Income Tax - Deferred Domestic | ||
| -180 | | colspan="1" rowspan="2" |-180 | ||
|192 | | colspan="1" rowspan="2" |192 | ||
|13 | | colspan="1" rowspan="2" |13 | ||
| -14 | | colspan="1" rowspan="2" |-14 | ||
| - | | colspan="1" rowspan="2" |- | ||
| | |||
|- | |- | ||
| | | | ||
|- | |- | ||
| | | colspan="1" rowspan="2" |Income Tax - Deferred Foreign | ||
| - | | colspan="1" rowspan="2" |-7 | ||
| | | colspan="1" rowspan="2" |-1 | ||
| | | colspan="1" rowspan="2" |-57 | ||
| - | | colspan="1" rowspan="2" |-22 | ||
| - | | colspan="1" rowspan="2" |- | ||
| | |||
|- | |- | ||
| | | | ||
|- | |||
|Income Tax Credits | |||
| - | | - | ||
| - | | - | ||
Line 708: | Line 780: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| | |Equity in Affiliates | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| | |Other After Tax Income (Expense) | ||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| | | colspan="1" rowspan="2" |Consolidated Net Income | ||
| | | colspan="1" rowspan="2" |-3,460 | ||
| | | colspan="1" rowspan="2" |2,915 | ||
| | | colspan="1" rowspan="2" |320 | ||
| | | colspan="1" rowspan="2" |-125 | ||
| | | colspan="1" rowspan="2" |-65 | ||
| | |||
|- | |- | ||
| | | | ||
|- | |- | ||
| | |Minority Interest Expense | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| | | colspan="1" rowspan="2" |Net Income | ||
| - | | colspan="1" rowspan="2" |-3,460 | ||
| | | colspan="1" rowspan="2" |2,915 | ||
| | | colspan="1" rowspan="2" |320 | ||
| - | | colspan="1" rowspan="2" |-125 | ||
| - | | colspan="1" rowspan="2" |-65 | ||
| | | | ||
|- | |||
=== | | | ||
|- | |||
| colspan="1" rowspan="2" |Net Income Growth | |||
| colspan="1" rowspan="2" |-218.72% | |||
| colspan="1" rowspan="2" |812.23% | |||
| colspan="1" rowspan="2" |355.93% | |||
| colspan="1" rowspan="2" |-93.39% | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Net Margin | |||
| colspan="1" rowspan="2" |-61.79% | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|- | |- | ||
|Extraordinaries & Discontinued Operations | |||
| - | | - | ||
| - | | - | ||
Line 830: | Line 852: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Extra Items & Gain/Loss Sale Of Assets | |||
| - | |||
| - | |||
|- | |||
| - | |||
| - | | - | ||
| - | |||
| - | |||
| | |||
|- | |- | ||
|Cumulative Effect - Accounting Chg | |||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | |||
|- | |- | ||
|Discontinued Operations | |||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | |||
|- | |- | ||
| colspan="1" rowspan="2" |Net Income After Extraordinaries | |||
| | | colspan="1" rowspan="2" |-3,460 | ||
| | | colspan="1" rowspan="2" |2,915 | ||
| | | colspan="1" rowspan="2" |320 | ||
| | | colspan="1" rowspan="2" |-125 | ||
| | | colspan="1" rowspan="2" |-65 | ||
| | |||
|- | |- | ||
| | |||
| | |||
|- | |- | ||
|Preferred Dividends | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| colspan="1" rowspan="2" |Net Income Available to Common | |||
| | | colspan="1" rowspan="2" |-3,460 | ||
| | | colspan="1" rowspan="2" |2,915 | ||
| | | colspan="1" rowspan="2" |320 | ||
| | | colspan="1" rowspan="2" |-125 | ||
| | | colspan="1" rowspan="2" |-65 | ||
| | |||
|- | |- | ||
| | |||
| | |||
|- | |- | ||
| colspan="1" rowspan="2" |EPS (Basic) | |||
| | | colspan="1" rowspan="2" |-2.73 | ||
| | | colspan="1" rowspan="2" |2.34 | ||
| | | colspan="1" rowspan="2" |0.27 | ||
| | | colspan="1" rowspan="2" |-0.11 | ||
| | | colspan="1" rowspan="2" |-0.06 | ||
| | |||
|- | |- | ||
| | |||
| | |- | ||
| | | colspan="1" rowspan="2" |EPS (Basic) Growth | ||
| | | colspan="1" rowspan="2" |-216.88% | ||
| | | colspan="1" rowspan="2" |775.04% | ||
| | | colspan="1" rowspan="2" |341.81% | ||
| colspan="1" rowspan="2" |-80.85% | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |- | ||
| | |||
| | |||
|- | |- | ||
|Basic Shares Outstanding | |||
| | |1,266 | ||
| | |1,247 | ||
| | |1,196 | ||
| | |1,130 | ||
| | |1,057 | ||
| | |||
|- | |- | ||
| colspan="1" rowspan="2" |EPS (Diluted) | |||
| | | colspan="1" rowspan="2" |-2.73 | ||
| | | colspan="1" rowspan="2" |2.29 | ||
| | | colspan="1" rowspan="2" |0.26 | ||
| | | colspan="1" rowspan="2" |-0.11 | ||
| | | colspan="1" rowspan="2" |-0.06 | ||
| | |||
|- | |- | ||
| | |||
| | |||
|- | |- | ||
| colspan="1" rowspan="2" |EPS (Diluted) Growth | |||
| | | colspan="1" rowspan="2" |-219.42% | ||
| | | colspan="1" rowspan="2" |784.29% | ||
| | | colspan="1" rowspan="2" |334.30% | ||
| | | colspan="1" rowspan="2" |-80.81% | ||
| | | colspan="1" rowspan="2" |- | ||
| | |||
|- | |||
| | |||
|- | |- | ||
|Diluted Shares Outstanding | |||
| | |1,266 | ||
| | |1,274 | ||
| | |1,235 | ||
| | |1,130 | ||
| | |1,057 | ||
| | |||
|- | |- | ||
| colspan="1" rowspan="2" |EBITDA | |||
| | | colspan="1" rowspan="2" |-574 | ||
| | | colspan="1" rowspan="2" |394 | ||
| | | colspan="1" rowspan="2" |199 | ||
| | | colspan="1" rowspan="2" |-100 | ||
| | | colspan="1" rowspan="2" |-61 | ||
| | |||
|- | |- | ||
| | |||
| | |||
|- | |- | ||
! | | colspan="1" rowspan="2" |EBITDA Growth | ||
| | | colspan="1" rowspan="2" |-245.66% | ||
| colspan="1" rowspan="2" |97.66% | |||
| colspan="1" rowspan="2" |298.61% | |||
| colspan="1" rowspan="2" |-65.25% | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |EBITDA Margin | |||
| colspan="1" rowspan="2" |-10.24% | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |EBIT | |||
| colspan="1" rowspan="2" |-664 | |||
| colspan="1" rowspan="2" |328 | |||
| colspan="1" rowspan="2" |129 | |||
| colspan="1" rowspan="2" |-136 | |||
| colspan="1" rowspan="2" |-88 | |||
| | |||
|- | |||
| | |||
|} | |||
Balance Sheet | |||
{| class="wikitable" | |||
|+ | |||
!Fiscal year is January-December. All values USD Millions. | |||
!2022 | |||
!2021 | |||
!2020 | |||
!2019 | |||
!2018 | |||
! | |||
|- | |||
|Net Income before Extraordinaries | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | |||
| | |||
|- | |- | ||
|Cash & Short Term Investments | |||
| | |5,053 | ||
| | |7,768 | ||
| | |6,388 | ||
| | |2,455 | ||
| | |1,970 | ||
| | |||
|- | |- | ||
|Cash Only | |||
| | |1,649 | ||
| | |2,503 | ||
| | |2,704 | ||
| | |650 | ||
| | |411 | ||
| | |||
|- | |- | ||
|Short-Term Investments | |||
| - | |||
| | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| colspan="1" rowspan="2" |Cash & Short Term Investments Growth | |||
| | | colspan="1" rowspan="2" |-34.95% | ||
| | | colspan="1" rowspan="2" |21.61% | ||
| | | colspan="1" rowspan="2" |160.18% | ||
| | | colspan="1" rowspan="2" |24.65% | ||
| | | colspan="1" rowspan="2" |- | ||
| | |||
|- | |- | ||
| | |||
| | |||
|- | |- | ||
|Cash & ST Investments / Total Assets | |||
| | |46.97% | ||
| | |58.23% | ||
| | |82.29% | ||
| | |70.36% | ||
| | |87.19% | ||
| | |||
|- | |||
|Total Accounts Receivable | |||
|858 | |||
|668 | |||
|422 | |||
|241 | |||
|133 | |||
| | |||
|- | |- | ||
|Accounts Receivables, Net | |||
| | |203 | ||
| | |127 | ||
| | |64 | ||
| | |41 | ||
| | |24 | ||
| | |||
|- | |- | ||
|Accounts Receivables, Gross | |||
|288 | |||
|175 | |||
|87 | |||
|54 | |||
|27 | |27 | ||
| | |||
|- | |||
| colspan="1" rowspan="2" |Bad Debt/Doubtful Accounts | |||
| colspan="1" rowspan="2" |-85 | |||
| colspan="1" rowspan="2" |-48 | |||
| colspan="1" rowspan="2" |-24 | |||
| colspan="1" rowspan="2" |-12 | |||
| colspan="1" rowspan="2" |-3 | |||
| | |||
|- | |||
| | |||
|- | |||
|Other Receivables | |||
|655 | |||
|541 | |||
|358 | |||
|199 | |||
|109 | |||
| | |||
|- | |||
|Accounts Receivable Growth | |||
|28.43% | |||
|58.45% | |||
|75.13% | |||
|80.68% | |||
| - | | - | ||
| | | | ||
|- | |- | ||
|Accounts Receivable Turnover | |||
| | |6.53 | ||
| | |6.9 | ||
| | |6.95 | ||
| | |6.56 | ||
| | |8.06 | ||
| | |||
|- | |- | ||
|Inventories | |||
| | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Finished Goods | |||
| | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | |||
| | |||
|- | |- | ||
|Work in Progress | |||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | |||
|- | |- | ||
|Raw Materials | |||
| | | - | ||
| | | - | ||
| | | - | ||
| | |||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Progress Payments & Other | |||
| | | - | ||
| | | - | ||
| | | - | ||
|- | |||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Other Current Assets | |||
|113 | |||
|103 | |||
| | |||
| | |||
|68 | |68 | ||
| | |49 | ||
| | |26 | ||
| | | | ||
|- | |- | ||
|Prepaid Expenses | |||
| | |48 | ||
| | |50 | ||
| | |25 | ||
| | |21 | ||
| | |13 | ||
| | |||
|- | |- | ||
|Miscellaneous Current Assets | |||
| | |65 | ||
| | |53 | ||
| | |43 | ||
| | |28 | ||
| | |13 | ||
| | |||
|- | |- | ||
|Total Current Assets | |||
| | |6,023 | ||
| | |8,539 | ||
| | |6,878 | ||
| | |2,745 | ||
| | |2,129 | ||
| | |||
|- | |- | ||
|Net Property, Plant & Equipment | |||
| | |486 | ||
| | |302 | ||
| | |211 | ||
| | |246 | ||
| | |62 | ||
|- | | | ||
|- | |||
| - | |Property, Plant & Equipment - Gross | ||
|640 | |||
|402 | |||
|311 | |||
|292 | |||
|92 | |||
| | |||
|- | |||
|Buildings | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | |||
| | |||
|- | |- | ||
|Land & Improvements | |||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | |||
|- | |- | ||
|Machinery & Equipment | |||
| | |19 | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
|- | | | ||
| | |||
|- | |- | ||
|Construction in Progress | |||
| | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Leases | |||
| | |||
| - | | - | ||
| - | | - | ||
Line 1,250: | Line 1,247: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Computer Software and Equipment | |||
|40 | |||
|24 | |||
|24 | |||
|18 | |||
|14 | |||
| | |||
|- | |||
|Leased Property | |||
| - | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | | | ||
|- | |- | ||
|Transportation Equipment | |||
| | |||
| - | | - | ||
| - | | - | ||
Line 1,278: | Line 1,271: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Other Property, Plant & Equipment | |||
| | |225 | ||
| | |181 | ||
| | |167 | ||
| | |140 | ||
| | |77 | ||
| | |||
|- | |- | ||
|Accumulated Depreciation | |||
| | |154 | ||
| | |100 | ||
| | |100 | ||
| | |46 | ||
| | |||
|30 | |30 | ||
| | | | ||
|- | |- | ||
|Buildings | |||
| - | | - | ||
| | | - | ||
| | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Land & Improvements | |||
| - | | - | ||
| - | | - | ||
| | | - | ||
| | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Machinery & Equipment | |||
| | |0 | ||
| - | |||
|0 | |||
| - | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Construction in Progress | |||
| | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | | | ||
|- | |- | ||
|Leases | |||
| - | | - | ||
| - | | - | ||
Line 1,442: | Line 1,327: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Computer Software and Equipment | |||
| | |17 | ||
| | |15 | ||
| | |15 | ||
| | |11 | ||
| | |8 | ||
| | |||
|- | |- | ||
|Leased Property | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Transportation Equipment | |||
| - | | - | ||
| - | | - | ||
Line 1,463: | Line 1,351: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Other Property, Plant & Equipment | |||
| | |136 | ||
| | |85 | ||
| | |85 | ||
| | |35 | ||
| | |23 | ||
| | |||
|- | |- | ||
|Total Investments and Advances | |||
| | |1,953 | ||
| | |3,956 | ||
| | |173 | ||
| | |||
| - | | - | ||
| - | |||
| | |||
|- | |- | ||
|LT Investment - Affiliate Companies | |||
| - | | - | ||
| - | | - | ||
Line 1,484: | Line 1,375: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Other Long-Term Investments | |||
| | |1,953 | ||
| | |3,956 | ||
| | |173 | ||
| | | - | ||
| | | - | ||
| | |||
|- | |- | ||
|Long-Term Note Receivable | |||
| - | | - | ||
|- | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Intangible Assets | |||
| | |2,226 | ||
| | |495 | ||
| | |448 | ||
| | |479 | ||
| | |64 | ||
| | |||
|- | |- | ||
|Net Goodwill | |||
| | |1,836 | ||
| | |357 | ||
| | |312 | ||
| | |312 | ||
| | |38 | ||
| | |||
|- | |- | ||
|Net Other Intangibles | |||
| | |390 | ||
| - | |138 | ||
| - | |136 | ||
|167 | |||
|26 | |||
| | |||
|- | |||
|Other Assets | |||
|27 | |||
| - | |||
| - | |||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Deferred Charges | |||
|27 | |||
| | |||
| | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Tangible Other Assets | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Total Assets | |||
| | |10,757 | ||
| | |13,340 | ||
| | |7,763 | ||
| | |3,489 | ||
| | |2,259 | ||
| | |||
|- | |- | ||
| colspan="1" rowspan="2" |Assets - Total - Growth | |||
| | | colspan="1" rowspan="2" |-19.36% | ||
| | | colspan="1" rowspan="2" |71.85% | ||
| | | colspan="1" rowspan="2" |122.47% | ||
| colspan="1" rowspan="2" |54.47% | |||
| colspan="1" rowspan="2" |- | |||
| | | | ||
|- | |||
| | | | ||
|- | |- | ||
|Asset Turnover | |||
|0.46 | |||
| | |||
| | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| colspan="1" rowspan="2" |Return On Average Assets | |||
| | | colspan="1" rowspan="2" |-28.72% | ||
| | | colspan="1" rowspan="2" |- | ||
| | | colspan="1" rowspan="2" |- | ||
| | | colspan="1" rowspan="2" |- | ||
| | | colspan="1" rowspan="2" |- | ||
| | |||
|- | |- | ||
| | |||
| | |||
|- | |- | ||
| | |||
| | | | ||
| | | | ||
| | | | ||
| | | | ||
| | | | ||
| | |||
|- | |- | ||
|All values USD Millions. | |||
| | |2022 | ||
| | |2021 | ||
| | |2020 | ||
| | |2019 | ||
| | |2018 | ||
| | |||
|- | |- | ||
|ST Debt & Current Portion LT Debt | |||
| | |18 | ||
| | |16 | ||
| | |10 | ||
|9 | |||
| - | | - | ||
| | |||
|- | |||
|Short Term Debt | |||
|18 | |||
|16 | |||
|10 | |||
|9 | |||
| - | | - | ||
| | |||
|- | |- | ||
|Current Portion of Long Term Debt | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Accounts Payable | |||
| | |364 | ||
| | |284 | ||
| | |169 | ||
| | |91 | ||
| | |61 | ||
| | |||
|- | |- | ||
|Accounts Payable Growth | |||
| | |28.09% | ||
| | |68.33% | ||
| | |86.40% | ||
| | |47.73% | ||
| - | | - | ||
| | |||
|- | |- | ||
|Income Tax Payable | |||
| | |57 | ||
| | |80 | ||
| | |74 | ||
| | |121 | ||
| | | - | ||
| | |||
|- | |- | ||
|Other Current Liabilities | |||
| | |417 | ||
| | |323 | ||
| | |186 | ||
| | |95 | ||
| | |77 | ||
| | |||
|- | |- | ||
|Dividends Payable | |||
| - | | - | ||
| - | | - | ||
Line 1,736: | Line 1,555: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
|Accrued Payroll | |||
| | |68 | ||
| | |72 | ||
| | |62 | ||
| | |32 | ||
| | |14 | ||
| | |||
|- | |- | ||
|Miscellaneous Current Liabilities | |||
| | |349 | ||
| | |251 | ||
| | |124 | ||
| | |63 | ||
| | |63 | ||
| | |||
|- | |- | ||
|Total Current Liabilities | |||
| - | |856 | ||
| | |703 | ||
| | |438 | ||
| | |316 | ||
| - | |139 | ||
| | |||
|- | |||
|Total Current Assets FOR CALCULATION PURPOSES ONLY | |||
|6,023 | |||
|8,539 | |||
|6,878 | |||
|2,745 | |||
|2,129 | |||
| | |||
|- | |||
|Total Assets FOR CALCULATION PURPOSES ONLY | |||
|10,757 | |||
|13,340 | |||
|7,763 | |||
|3,489 | |||
|2,259 | |||
| | |||
|- | |- | ||
|Inventories FOR CALCULATION PURPOSES ONLY | |||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | | | ||
|- | |- | ||
|Cash & Short Term Investments FOR CALCULATION PURPOSES ONLY | |||
|5,053 | |||
|7,768 | |||
|6,388 | |||
|2,455 | |||
|1,970 | |||
| | |||
|- | |||
|Current Ratio | |||
|7.04 | |||
|12.15 | |||
|15.69 | |||
|8.68 | |||
|15.35 | |||
| | |||
|- | |||
|Quick Ratio | |||
|7.04 | |||
|12.15 | |||
|15.69 | |||
|8.68 | |||
|15.35 | |||
| | | | ||
|- | |- | ||
| | |Cash Ratio | ||
| | |5.9 | ||
| | |11.05 | ||
| | |14.57 | ||
| | |7.76 | ||
| | |14.2 | ||
| | | | ||
| | |- | ||
| | |Long-Term Debt | ||
|1,378 | |||
|1,158 | |||
|903 | |||
|143 | |||
| - | |||
| | |||
|- | |||
|Long-Term Debt excl. Capitalized Leases | |||
|913 | |||
|911 | |||
|758 | |||
| - | |||
| - | | - | ||
| | |||
|- | |- | ||
| | |Non-Convertible Debt | ||
| | |913 | ||
| | |911 | ||
| | |758 | ||
| | | - | ||
| | | - | ||
| | | | ||
|- | |- | ||
| | |Convertible Debt | ||
| - | | - | ||
| - | | - | ||
| - | |||
| - | |||
| - | |||
| - | | | ||
| - | |||
| - | |||
| | |||
|- | |- | ||
| | |Capitalized Lease Obligations | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | | ||
| | |- | ||
| | |Provision for Risks & Charges | ||
| | | - | ||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |- | ||
| | | colspan="1" rowspan="2" |Deferred Taxes | ||
| | | colspan="1" rowspan="2" |-25 | ||
| | | colspan="1" rowspan="2" |135 | ||
| | | colspan="1" rowspan="2" |-53 | ||
| | | colspan="1" rowspan="2" |-11 | ||
| | | colspan="1" rowspan="2" |1 | ||
| | | | ||
| | |||
| | |||
| | |||
|- | |- | ||
| | | | ||
|- | |- | ||
| | |Deferred Taxes - Credit | ||
|16 | |||
|183 | |||
| | | - | ||
| | |9 | ||
| - | |5 | ||
| | | | ||
| | |||
| | |||
|- | |- | ||
| | |Deferred Taxes - Debit | ||
|41 | |||
| | |48 | ||
| | |53 | ||
| | |19 | ||
| | |4 | ||
| | |||
| | |||
| | |||
|- | |- | ||
| | |Other Liabilities | ||
| | |268 | ||
| | |163 | ||
| | |21 | ||
| | |6 | ||
| | |24 | ||
| | | | ||
|- | |- | ||
| | |Deferred Tax Liability-Untaxed Reserves | ||
| | | - | ||
| | | - | ||
| - | | - | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| | |Other Liabilities (excl. Deferred Income) | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | |22 | ||
| | | | ||
| | |- | ||
|1 | |Deferred Income | ||
| | |268 | ||
|163 | |||
|21 | |||
|6 | |||
|2 | |||
| | |||
|- | |||
|Total Liabilities | |||
|2,518 | |||
|2,207 | |||
|1,362 | |||
|474 | |||
|168 | |||
| | |||
|- | |- | ||
| | |Non-Equity Reserves | ||
| - | | - | ||
| - | | - | ||
Line 1,921: | Line 1,757: | ||
| - | | - | ||
| - | | - | ||
| | |||
|- | |- | ||
| | |Total Liabilities / Total Assets | ||
| | |23.41% | ||
| | |16.54% | ||
| | |17.55% | ||
| | |13.58% | ||
| | |7.45% | ||
| | | | ||
|- | |- | ||
| | |Preferred Stock (Carrying Value) | ||
| - | | - | ||
| - | | - | ||
| - | |||
| - | |||
| - | |||
| - | | | ||
| - | |||
| - | |||
| | |||
|- | |- | ||
| | |Redeemable Preferred Stock | ||
| - | | - | ||
| - | | - | ||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | | | ||
|- | |- | ||
| | |Non-Redeemable Preferred Stock | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | | ||
|- | |- | ||
| | |Preferred Stock issues for ESOP | ||
| - | |||
| - | |||
| - | |||
| - | |||
| - | | - | ||
| | | | ||
|- | |- | ||
|ESOP Guarantees - Preferred Stock | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | | | ||
|- | |||
|Common Equity (Total) | |||
|8,239 | |||
|11,133 | |||
|6,401 | |||
|3,016 | |||
|2,091 | |||
| | | | ||
|- | |||
|Common Stock Par/Carry Value | |||
|8,747 | |||
|8,040 | |||
|6,115 | |||
|3,256 | |||
|2,216 | |||
| | | | ||
|- | |||
|Additional Paid-In Capital/Capital Surplus | |||
|30 | |||
|161 | |||
|261 | |||
|63 | |||
|75 | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Retained Earnings | |||
| colspan="1" rowspan="2" |-522 | |||
| colspan="1" rowspan="2" |2,938 | |||
| colspan="1" rowspan="2" |15 | |||
| colspan="1" rowspan="2" |-304 | |||
| colspan="1" rowspan="2" |-188 | |||
| | | | ||
|- | |||
| | | | ||
| | |- | ||
| | |ESOP Debt Guarantee | ||
| | | - | ||
| | | - | ||
| | | - | ||
| - | |||
| - | |||
| | | | ||
|- | |- | ||
| | |Cumulative Translation Adjustment/Unrealized For. Exch. Gain | ||
| - | | - | ||
| - | | - | ||
| | | - | ||
| | | - | ||
| - | | - | ||
| | | | ||
|- | |- | ||
| | |Unrealized Gain/Loss Marketable Securities | ||
| - | | - | ||
| - | | - | ||
| | | - | ||
| | | - | ||
| - | | - | ||
| | | | ||
|- | |- | ||
|Revaluation Reserves | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Other Appropriated Reserves | |||
| colspan="1" rowspan="2" |-16 | |||
| colspan="1" rowspan="2" |-6 | |||
| colspan="1" rowspan="2" |9 | |||
| colspan="1" rowspan="2" |1 | |||
| colspan="1" rowspan="2" |-12 | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
|Unappropriated Reserves | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | | | ||
|- | |||
|Treasury Stock | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | | | ||
| | |- | ||
| | |Common Equity / Total Assets | ||
| | |76.59% | ||
| | |83.46% | ||
| | |82.45% | ||
| | |86.42% | ||
|92.55% | |||
| | |||
|- | |||
|Total Shareholders' Equity | |||
|8,239 | |||
|11,133 | |||
|6,401 | |||
|3,016 | |||
|2,091 | |||
| | | | ||
|- | |- | ||
|' | |Total Shareholders' Equity / Total Assets | ||
|76.59% | |||
|83.46% | |||
|82.45% | |||
|86.42% | |||
|92.55% | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | | | ||
|- | |- | ||
| | |Accumulated Minority Interest | ||
| | | - | ||
| - | | - | ||
| - | | - | ||
| | | - | ||
| | | - | ||
| | | | ||
|- | |- | ||
|Total Equity | |||
|8,239 | |||
|11,133 | |||
|6,401 | |||
|3,016 | |||
|2,091 | |||
| | | | ||
|- | |||
|Liabilities & Shareholders' Equity | |||
|10,757 | |||
|13,340 | |||
|7,763 | |||
|3,489 | |||
|2,259 | |||
| | | | ||
|} | |||
Cash flow statement | |||
{| class="wikitable" | |||
|+ | |||
! | |||
! | |||
! | |||
! | |||
! | |||
! | |||
! | |||
|- | |||
!Fiscal year is January-December. All values USD Thousands. | |||
!2022 | |||
!2021 | |||
!2020 | |||
!2019 | |||
!2018 | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Net Income before Extraordinaries | |||
| colspan="1" rowspan="2" |-3,460,418.00 | |||
| colspan="1" rowspan="2" |2,914,659.00 | |||
| colspan="1" rowspan="2" |319,509.00 | |||
| colspan="1" rowspan="2" |-124,842.00 | |||
| colspan="1" rowspan="2" |-64,553.00 | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Net Income Growth | |||
| colspan="1" rowspan="2" |-218.72% | |||
| colspan="1" rowspan="2" |812.23% | |||
| colspan="1" rowspan="2" |355.93% | |||
| colspan="1" rowspan="2" |-93.39% | |||
| colspan="1" rowspan="2" |- | |||
| | | | ||
| | |- | ||
| | | | ||
| | |- | ||
| | |Depreciation, Depletion & Amortization | ||
| | |90,520.00 | ||
|66,308.00 | |||
|70,060.00 | |||
|35,651.00 | |||
|27,052.00 | |||
| | | | ||
|- | |- | ||
| | |Depreciation and Depletion | ||
| | |36,172.00 | ||
| | |41,828.00 | ||
| | |38,192.00 | ||
| | |16,779.00 | ||
| - | | - | ||
| | | | ||
|- | |- | ||
|Amortization of Intangible Assets | |||
|54,348.00 | |||
|24,480.00 | |||
|31,868.00 | |||
|18,872.00 | |||
| - | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Deferred Taxes & Investment Tax Credit | |||
| colspan="1" rowspan="2" |-186,571.00 | |||
| colspan="1" rowspan="2" |190,963.00 | |||
| colspan="1" rowspan="2" |-41,998.00 | |||
| colspan="1" rowspan="2" |-37,918.00 | |||
| colspan="1" rowspan="2" |- | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Deferred Taxes | |||
| colspan="1" rowspan="2" |-186,571.00 | |||
| colspan="1" rowspan="2" |190,963.00 | |||
| colspan="1" rowspan="2" |-41,998.00 | |||
| colspan="1" rowspan="2" |-37,918.00 | |||
| colspan="1" rowspan="2" |- | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
|Investment Tax Credit | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Other Funds | |||
| colspan="1" rowspan="2" |3,518,292.00 | |||
| colspan="1" rowspan="2" |-2,506,578.00 | |||
| colspan="1" rowspan="2" |177,719.00 | |||
| colspan="1" rowspan="2" |177,549.00 | |||
| colspan="1" rowspan="2" |102,914.00 | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Funds from Operations | |||
| colspan="1" rowspan="2" |-38,177.00 | |||
| colspan="1" rowspan="2" |665,352.00 | |||
| colspan="1" rowspan="2" |525,290.00 | |||
| colspan="1" rowspan="2" |50,440.00 | |||
| colspan="1" rowspan="2" |65,413.00 | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
|Extraordinaries | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Changes in Working Capital | |||
| colspan="1" rowspan="2" |-98,271.00 | |||
| colspan="1" rowspan="2" |-160,924.00 | |||
| colspan="1" rowspan="2" |-100,332.00 | |||
| colspan="1" rowspan="2" |20,175.00 | |||
| colspan="1" rowspan="2" |-56,089.00 | |||
| | |||
|- | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Receivables | |||
| colspan="1" rowspan="2" |-127,908.00 | |||
| colspan="1" rowspan="2" |-338,377.00 | |||
| colspan="1" rowspan="2" |-141,867.00 | |||
| colspan="1" rowspan="2" |-130,392.00 | |||
| colspan="1" rowspan="2" |-83,343.00 | |||
| | | | ||
|- | |- | ||
| | | | ||
|- | |- | ||
| | |Inventories | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | - | ||
| | | | ||
|- | |- | ||
|Accounts Payable | |||
|36,541.00 | |||
|138,175.00 | |||
|118,588.00 | |||
|84,563.00 | |||
|20,641.00 | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Income Taxes Payable | |||
| colspan="1" rowspan="2" |-3,941.00 | |||
| colspan="1" rowspan="2" |45,263.00 | |||
| colspan="1" rowspan="2" |-105,890.00 | |||
| colspan="1" rowspan="2" |64,648.00 | |||
| colspan="1" rowspan="2" |- | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
|Other Accruals | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Other Assets/Liabilities | |||
| colspan="1" rowspan="2" |-2,963.00 | |||
| colspan="1" rowspan="2" |-5,985.00 | |||
| colspan="1" rowspan="2" |28,837.00 | |||
| colspan="1" rowspan="2" |1,356.00 | |||
| colspan="1" rowspan="2" |6,613.00 | |||
| | | | ||
|- | |||
| | | | ||
| | |- | ||
| | | colspan="1" rowspan="2" |Net Operating Cash Flow | ||
| | | colspan="1" rowspan="2" |-136,448.00 | ||
| | | colspan="1" rowspan="2" |504,428.00 | ||
| | | colspan="1" rowspan="2" |424,958.00 | ||
| colspan="1" rowspan="2" |70,615.00 | |||
| colspan="1" rowspan="2" |9,324.00 | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Net Operating Cash Flow Growth | |||
| colspan="1" rowspan="2" |-127.05% | |||
| colspan="1" rowspan="2" |18.70% | |||
| colspan="1" rowspan="2" |501.80% | |||
| colspan="1" rowspan="2" |657.35% | |||
| colspan="1" rowspan="2" |- | |||
| | | | ||
|- | |- | ||
| | | | ||
|- | |- | ||
| | | colspan="1" rowspan="2" |Net Operating Cash Flow / Sales | ||
| | | colspan="1" rowspan="2" |-2.44% | ||
| - | | colspan="1" rowspan="2" |10.94% | ||
| | | colspan="1" rowspan="2" |14.51% | ||
| | | colspan="1" rowspan="2" |4.47% | ||
| | | colspan="1" rowspan="2" |0.87% | ||
| | | | ||
| | |- | ||
| | |||
| | |||
| - | |||
| | | | ||
|- | |- | ||
Line 2,185: | Line 2,166: | ||
| | | | ||
| | | | ||
| | | | ||
|- | |- | ||
| | |All values USD Thousands. | ||
|2022 | |||
|2021 | |||
|2020 | |||
|2019 | |||
|2018 | |||
| | | | ||
| - | |- | ||
| | | colspan="1" rowspan="2" |Capital Expenditures | ||
| - | | colspan="1" rowspan="2" |-50,018.00 | ||
| - | | colspan="1" rowspan="2" |-50,788.00 | ||
| | | colspan="1" rowspan="2" |-41,995.00 | ||
| | | colspan="1" rowspan="2" |-62,397.00 | ||
| | | colspan="1" rowspan="2" |-41,545.00 | ||
| | |||
| | |||
| | | | ||
|- | |- | ||
| | | | ||
| - | |- | ||
| - | | colspan="1" rowspan="2" |Capital Expenditures (Fixed Assets) | ||
| - | | colspan="1" rowspan="2" |-50,018.00 | ||
| | | colspan="1" rowspan="2" |-50,788.00 | ||
| - | | colspan="1" rowspan="2" |-41,733.00 | ||
| | | colspan="1" rowspan="2" |-56,759.00 | ||
| - | | colspan="1" rowspan="2" |-27,950.00 | ||
| | |||
| - | |||
| | | | ||
|- | |- | ||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Capital Expenditures (Other Assets) | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |-262 | |||
| colspan="1" rowspan="2" |-5,638.00 | |||
| colspan="1" rowspan="2" |-13,595.00 | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Capital Expenditures Growth | |||
| colspan="1" rowspan="2" |1.52% | |||
| colspan="1" rowspan="2" |-20.94% | |||
| colspan="1" rowspan="2" |32.70% | |||
| colspan="1" rowspan="2" |-50.19% | |||
| colspan="1" rowspan="2" |- | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Capital Expenditures / Sales | |||
| colspan="1" rowspan="2" |-0.89% | |||
| colspan="1" rowspan="2" |-1.10% | |||
| colspan="1" rowspan="2" |-1.43% | |||
| colspan="1" rowspan="2" |-3.95% | |||
| colspan="1" rowspan="2" |-3.87% | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Net Assets from Acquisitions | |||
| colspan="1" rowspan="2" |-1,753,748.00 | |||
| colspan="1" rowspan="2" |-59,627.00 | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |-265,512.00 | |||
| colspan="1" rowspan="2" |-19,397.00 | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
|Sale of Fixed Assets & Businesses | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Purchase/Sale of Investments | |||
| colspan="1" rowspan="2" |1,243,882.00 | |||
| colspan="1" rowspan="2" |-2,237,375.00 | |||
| colspan="1" rowspan="2" |-1,889,853.00 | |||
| colspan="1" rowspan="2" |-241,566.00 | |||
| colspan="1" rowspan="2" |-749,691.00 | |||
| | | | ||
|- | |||
| | | | ||
|- | |- | ||
| | | colspan="1" rowspan="2" |Purchase of Investments | ||
| colspan="1" rowspan="2" |-5,646,285.00 | |||
| colspan="1" rowspan="2" |-7,987,599.00 | |||
| colspan="1" rowspan="2" |-5,611,258.00 | |||
| colspan="1" rowspan="2" |-2,718,604.00 | |||
| colspan="1" rowspan="2" |-2,447,955.00 | |||
| | | | ||
| - | |- | ||
| | | | ||
|- | |- | ||
|Sale/Maturity of Investments | |||
|6,890,167.00 | |||
|5,750,224.00 | |||
|3,721,405.00 | |||
|2,477,038.00 | |||
|1,698,264.00 | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Other Uses | |||
| colspan="1" rowspan="2" |-525,538.00 | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
|Other Sources | |||
|366,855.00 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Net Investing Cash Flow | |||
| colspan="1" rowspan="2" |-718,567.00 | |||
| colspan="1" rowspan="2" |-2,347,790.00 | |||
| colspan="1" rowspan="2" |-1,931,848.00 | |||
| colspan="1" rowspan="2" |-569,475.00 | |||
| colspan="1" rowspan="2" |-810,633.00 | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Net Investing Cash Flow Growth | |||
| colspan="1" rowspan="2" |69.39% | |||
| colspan="1" rowspan="2" |-21.53% | |||
| colspan="1" rowspan="2" |-239.23% | |||
| colspan="1" rowspan="2" |29.75% | |||
| colspan="1" rowspan="2" |- | |||
| | | | ||
|- | |||
| | | | ||
|- | |||
| colspan="1" rowspan="2" |Net Investing Cash Flow / Sales | |||
| colspan="1" rowspan="2" |-12.83% | |||
| colspan="1" rowspan="2" |-50.91% | |||
| colspan="1" rowspan="2" |-65.94% | |||
| colspan="1" rowspan="2" |-36.08% | |||
| colspan="1" rowspan="2" |-75.53% | |||
| | |||
|- | |||
| | |||
|- | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|All values USD Thousands. | |||
|2022 | |||
|2021 | |||
|2020 | |||
|2019 | |||
|2018 | |||
| | |||
|- | |||
|Cash Dividends Paid - Total | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
|Common Dividends | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
|Preferred Dividends | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
|Change in Capital Stock | |||
|17,549.00 | |||
|1,649,762.00 | |||
|2,649,400.00 | |||
|736,351.00 | |||
|1,072,182.00 | |||
| | |||
|- | |||
|Repurchase of Common & Preferred Stk. | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
|Sale of Common & Preferred Stock | |||
|17,549.00 | |||
|1,649,762.00 | |||
|2,649,400.00 | |||
|736,351.00 | |||
|1,072,182.00 | |||
| | |||
|- | |||
|Proceeds from Stock Options | |||
| - | |||
|1,541,168.00 | |||
|2,578,591.00 | |||
|688,014.00 | |||
|1,041,688.00 | |||
| | |||
|- | |||
|Other Proceeds from Sale of Stock | |||
|17,549.00 | |||
|108,594.00 | |||
|70,809.00 | |||
|48,337.00 | |||
|30,494.00 | |||
| | |||
|- | |||
|Issuance/Reduction of Debt, Net | |||
| - | |||
| - | |||
|907,950.00 | |||
| - | |||
| - | |||
| | |||
|- | |||
|Change in Current Debt | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
|Change in Long-Term Debt | |||
| - | |||
| - | |||
|907,950.00 | |||
| - | |||
| - | |||
| | |||
|- | |||
|Issuance of Long-Term Debt | |||
| - | |||
| - | |||
|907,950.00 | |||
| - | |||
| - | |||
| | |||
|- | |||
|Reduction in Long-Term Debt | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
|Other Funds | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
|Other Uses | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
|Other Sources | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
|Net Financing Cash Flow | |||
|17,549.00 | |||
|1,649,762.00 | |||
|3,557,350.00 | |||
|736,351.00 | |||
|1,072,182.00 | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Net Financing Cash Flow Growth | |||
| colspan="1" rowspan="2" |-98.94% | |||
| colspan="1" rowspan="2" |-53.62% | |||
| colspan="1" rowspan="2" |383.11% | |||
| colspan="1" rowspan="2" |-31.32% | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|- | |||
|Net Financing Cash Flow / Sales | |||
|0.31% | |||
|35.77% | |||
|121.43% | |||
|46.66% | |||
|99.90% | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Exchange Rate Effect | |||
| colspan="1" rowspan="2" |-16,198.00 | |||
| colspan="1" rowspan="2" |-7,005.00 | |||
| colspan="1" rowspan="2" |3,221.00 | |||
| colspan="1" rowspan="2" |1,742.00 | |||
| colspan="1" rowspan="2" |-1,867.00 | |||
| | |||
|- | |||
| | |||
|- | |||
|Miscellaneous Funds | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Net Change in Cash | |||
| colspan="1" rowspan="2" |-853,664.00 | |||
| colspan="1" rowspan="2" |-200,605.00 | |||
| colspan="1" rowspan="2" |2,053,681.00 | |||
| colspan="1" rowspan="2" |239,233.00 | |||
| colspan="1" rowspan="2" |269,006.00 | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Free Cash Flow | |||
| colspan="1" rowspan="2" |-186,466.00 | |||
| colspan="1" rowspan="2" |453,640.00 | |||
| colspan="1" rowspan="2" |383,225.00 | |||
| colspan="1" rowspan="2" |13,856.00 | |||
| colspan="1" rowspan="2" |-18,626.00 | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Free Cash Flow Growth | |||
| colspan="1" rowspan="2" |-141.10% | |||
| colspan="1" rowspan="2" |18.37% | |||
| colspan="1" rowspan="2" |2665.77% | |||
| colspan="1" rowspan="2" |174.39% | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|- | |||
| colspan="1" rowspan="2" |Free Cash Flow Yield | |||
| colspan="1" rowspan="2" |-0.42% | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| colspan="1" rowspan="2" |- | |||
| | |||
|- | |||
| | |||
|} | |||
{| class="wikitable" | |||
|'''Year''' | |||
|'''Current''' | |||
|'''2022''' | |||
|'''2021''' | |||
|'''2020''' | |||
|'''2019''' | |||
|'''2018''' | |||
|'''2017''' | |||
|'''2016''' | |||
|'''2015''' | |||
|- | |||
| | |||
|83,120 | |||
|44,152 | |||
|1,72,966 | |||
|1,37,999 | |||
|45,858 | |||
|14,810 | |||
|10,027 | |||
|3,813 | |||
|1,965 | |||
|- | |||
|'''Market Cap Growth''' | |||
| - | |||
| -74.47% | |||
|25.34% | |||
|200.92% | |||
|209.65% | |||
|47.71% | |||
|162.98% | |||
|94.04% | |||
| - | |||
|- | |||
|'''Enterprise Value''' | |||
|78,693 | |||
|40,495 | |||
|1,66,371 | |||
|1,32,523 | |||
|43,555 | |||
|12,865 | |||
|9,088 | |||
|3,420 | |||
|1,775 | |||
|- | |||
|'''PE Ratio''' | |||
| -31.87 | |||
| -12.76 | |||
|59.34 | |||
|431.91 | |||
| -367.33 | |||
| -229.42 | |||
| -250.69 | |||
| -107.84 | |||
| -104.57 | |||
|- | |||
|'''PS Ratio''' | |||
|14.02 | |||
|7.88 | |||
|37.51 | |||
|47.11 | |||
|29.06 | |||
|13.8 | |||
|14.89 | |||
|9.79 | |||
|9.57 | |||
|- | |||
|'''PB Ratio''' | |||
|9.79 | |||
|5.36 | |||
|15.54 | |||
|21.56 | |||
|15.21 | |||
|7.08 | |||
|10.02 | |||
|9.29 | |||
|10.06 | |||
|- | |||
|'''EV/Sales Ratio''' | |||
|13.33 | |||
|7.23 | |||
|36.07 | |||
|45.24 | |||
|27.6 | |||
|11.99 | |||
|13.5 | |||
|8.79 | |||
|8.65 | |||
|- | |||
|'''EV/EBITDA Ratio''' | |||
| -31.89 | |||
| -11.48 | |||
|51.82 | |||
|414.77 | |||
| -723.93 | |||
| -343.06 | |||
| -547.07 | |||
| -159.92 | |||
| -153.6 | |||
|- | |||
|'''EV/EBIT Ratio''' | |||
| -30.16 | |||
| -11.19 | |||
|52.92 | |||
|531.26 | |||
| -454.57 | |||
| -199.29 | |||
| -227.24 | |||
| -96.74 | |||
| -94.45 | |||
|- | |||
|'''EV/FCF Ratio''' | |||
| -1841.91 | |||
| -217.17 | |||
|343.09 | |||
|346.05 | |||
|5299.92 | |||
| -399.28 | |||
| -555.5 | |||
| -279.92 | |||
| -336.12 | |||
|- | |||
|'''Debt / Equity Ratio''' | |||
|0.17 | |||
|0.17 | |||
|0.11 | |||
|0.14 | |||
|0.05 | |||
|0.01 | |||
| - | |||
| - | |||
| - | |||
|- | |||
|'''Asset Turnover''' | |||
|0.54 | |||
|0.5 | |||
|0.37 | |||
|0.49 | |||
|0.55 | |||
|0.56 | |||
|0.71 | |||
|1.06 | |||
|1.21 | |||
|- | |||
|'''Interest Coverage''' | |||
| -720.52 | |||
| -1034.4 | |||
|900.11 | |||
|27.46 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
|- | |||
|'''Return on Equity (ROE)''' | |||
| -22.50% | |||
| -39.10% | |||
|27.90% | |||
|6.30% | |||
| -4.90% | |||
| -3.70% | |||
| -4.70% | |||
| -11.80% | |||
| -14.30% | |||
|- | |||
|'''Return on Assets (ROA)''' | |||
| -17.60% | |||
| -31.10% | |||
|23.50% | |||
|5.40% | |||
| -4.30% | |||
| -3.40% | |||
| -4.20% | |||
| -9.60% | |||
| -11.10% | |||
|- | |||
|'''Return on Capital (ROIC)''' | |||
| -25.00% | |||
| -45.00% | |||
|31.40% | |||
|7.10% | |||
| -5.10% | |||
| -4.40% | |||
| -5.80% | |||
| -18.40% | |||
| -32.20% | |||
|} | |||
== Valuation == | |||
{| class="wikitable" | |||
|'''DCF''' | |||
|'''2018''' | |||
| '''2019''' | |||
| '''2020''' | |||
| '''2021''' | |||
|'''2022''' | |||
|'''2023''' | |||
|'''2024''' | |||
|'''2025''' | |||
|'''2026''' | |||
|'''2027''' | |||
| | |||
|- | |||
|'''Revenue''' | |||
|1,073 | |||
|1,578 | |||
|2,929 | |||
|4,612 | |||
|5,600 | |||
|8,562 | |||
|13,090 | |||
|20,014 | |||
|30,599 | |||
|46,783 | |||
| | |||
|- | |||
|% growth | |||
| - | |||
|47.06% | |||
|85.61% | |||
|57.46% | |||
|21.42% | |||
|52.89% | |||
|52.89% | |||
|52.89% | |||
|52.89% | |||
|52.89% | |||
| | |||
|- | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|'''EBIT''' | |||
| -88 | |||
| -136 | |||
|129 | |||
|328 | |||
| -664 | |||
|347 | |||
|367 | |||
|388 | |||
|410 | |||
|434 | |||
| | |||
|- | |||
|% margin | |||
| -8.20% | |||
| -8.62% | |||
|4.40% | |||
|7.11% | |||
| -11.86% | |||
|5.76% | |||
|5.76% | |||
|5.76% | |||
|5.76% | |||
|5.76% | |||
| | |||
|- | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|'''Taxes''' | |||
|0 | |||
|29 | |||
| -79 | |||
|226 | |||
| -162 | |||
|231 | |||
|235 | |||
|240 | |||
|245 | |||
|250 | |||
| | |||
|- | |||
|% of EBIT | |||
|0.00% | |||
| -21.32% | |||
| -61.24% | |||
|68.90% | |||
|24.40% | |||
|2.00% | |||
|2.00% | |||
|2.00% | |||
|2.00% | |||
|2.00% | |||
| | |||
|- | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|'''EBIAT''' | |||
| -88 | |||
| -165 | |||
|208 | |||
|102 | |||
| -502 | |||
|116 | |||
|132 | |||
|148 | |||
|166 | |||
|184 | |||
| | |||
|- | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|'''D&A''' | |||
|27 | |||
|36 | |||
|70 | |||
|66 | |||
|91 | |||
|93 | |||
|95 | |||
|96 | |||
|98 | |||
|100 | |||
| | |||
|- | |||
|% of sales | |||
|2.52% | |||
|2.28% | |||
|2.39% | |||
|1.43% | |||
|1.63% | |||
|1.93% | |||
|1.93% | |||
|1.93% | |||
|1.93% | |||
|1.93% | |||
| | |||
|- | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|'''Capex''' | |||
| -42 | |||
| -62 | |||
| -42 | |||
| -51 | |||
| -50 | |||
|(49) | |||
|(48) | |||
|(47) | |||
|(46) | |||
|(46) | |||
| | |||
|- | |||
|% of slaes | |||
| -3.87% | |||
| -3.93% | |||
| -1.43% | |||
| -1.11% | |||
| -0.89% | |||
| -1.84% | |||
| -1.84% | |||
| -1.84% | |||
| -1.84% | |||
| -1.84% | |||
| | |||
|- | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|'''Changes in NWC''' | |||
| | |||
| -56 | |||
| -20 | |||
| -100 | |||
| -161 | |||
|0 | |||
|0 | |||
|0 | |||
|0 | |||
|0 | |||
| | |||
|- | |||
|% of sales | |||
| | |||
| -3.55% | |||
| -0.68% | |||
| -2.17% | |||
| -2.88% | |||
| -2.32% | |||
| -2.32% | |||
| -2.32% | |||
| -2.32% | |||
| -2.32% | |||
| | |||
|- | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|'''Unlevered FCF''' | |||
| | |||
| -135 | |||
|256 | |||
|217 | |||
| -300 | |||
|160 | |||
|178 | |||
|197 | |||
|218 | |||
|239 | |||
| | |||
|- | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|Year count | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|0.52 | |||
|1.52 | |||
|2.52 | |||
|3.52 | |||
|4.52 | |||
| | |||
|- | |||
|Discount factor | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|0.94 | |||
|0.82 | |||
|0.72 | |||
|0.64 | |||
|0.56 | |||
|'''TV''' | |||
|- | |||
| colspan="2" |'''Present value of FCF''' | |||
| | |||
| | |||
| | |||
| | |||
|150 | |||
|147 | |||
|143 | |||
|139 | |||
|134 | |||
|1442.206495 | |||
|} | |||
{| class="wikitable" | |||
| colspan="2" |'''WACC''' | |||
|- | |||
|'''Risk free rate (5 year US Bond)''' | |||
|4.17% | |||
|- | |||
|'''Market risk premium''' | |||
|4.72% | |||
|- | |||
|'''Levered beta''' | |||
|2.043 | |||
|- | |||
|'''Cost of equity''' | |||
|13.81% | |||
|- | |||
|'''Cost of debt''' | |||
|4.72% | |||
|- | |||
|'''Share price''' | |||
|65.02 | |||
|- | |||
|'''Shares outstanding (latest reported)''' | |||
|1,266.27 | |||
|- | |||
|'''Market capitalization''' | |||
|82332 | |||
|- | |||
|'''Total debt''' | |||
|1.40E+03 | |||
|- | |||
|'''Total capital''' | |||
|8.37E+04 | |||
|- | |||
|'''% debt capital''' | |||
|1.67% | |||
|- | |||
|'''% equity capital''' | |||
|98.33% | |||
|- | |||
|'''Internally calculated WACC''' | |||
|13.66% | |||
|- | |||
|'''Terminal growth rate''' | |||
|'''4%''' | |||
|} | |||
{| class="wikitable" | |||
| | | | ||
| | | | ||
| | |% of EV | ||
|- | |- | ||
| | |'''Present vale of FCF''' | ||
| | |712 | ||
| | |33.04% | ||
|- | |- | ||
|'''Present value of TV''' | |||
|1442 | |||
|66.96% | |||
|'''TV''' | |||
|- | |- | ||
| | | | ||
| | | | ||
| | | | ||
|- | |- | ||
|'''Enterprise value''' | |||
| | |2,154 | ||
| | | | ||
|- | |- | ||
| | |||
| | | | ||
| | | | ||
|- | |- | ||
|'''(-) Net Debt''' | |||
| -252.00 | | -252.00 | ||
| | | | ||
|- | |- | ||
|'''Equity Value''' | |||
| | |2406 | ||
| | | | ||
|- | |- | ||
|'''Shares''' | |||
|1,266 | |1,266 | ||
| | | | ||
|- | |- | ||
|'''Share Price''' | |||
|''' | |'''''1.90''''' | ||
| | | | ||
|- | |- | ||
|'''Current Share Price''' | |||
|'''65.02''' | |'''''65.02''''' | ||
| | | | ||
|} | |} | ||
Line 2,389: | Line 3,169: | ||
==== Sensitivity Analysis ==== | ==== Sensitivity Analysis ==== | ||
{| class="wikitable" | {| class="wikitable" | ||
| rowspan="8" |TV | |||
| colspan="8" |WACC | |||
|- | |- | ||
|1.900 | |||
| | |||
|12.00% | |12.00% | ||
|12.50% | |12.50% | ||
Line 2,409: | Line 3,181: | ||
|15.00% | |15.00% | ||
|- | |- | ||
|2.5% | |2.5% | ||
|$ | |$ 2.002 | ||
|$ | |$ 1.912 | ||
|$ | |$ 1.830 | ||
|$ | |$ 1.733 | ||
|$ | |$ 1.687 | ||
|$ | |$ 1.625 | ||
|$ | |$ 1.568 | ||
|- | |- | ||
|3.0% | |3.0% | ||
|$ | |$ 2.076 | ||
|$ | |$ 1.977 | ||
|$ | |$ 1.888 | ||
|$ | |$ 1.783 | ||
|$ | |$ 1.734 | ||
|$ | |$ 1.668 | ||
|$ | |$ 1.607 | ||
|- | |- | ||
|3.5% | |3.5% | ||
|$ | |$ 2.159 | ||
|$ | |$ 2.050 | ||
|$ | |$ 1.953 | ||
|$ | |$ 1.839 | ||
|$ | |$ 1.786 | ||
|$ | |$ 1.714 | ||
|$ | |$ 1.648 | ||
|- | |- | ||
|4.0% | |4.0% | ||
|$ | |$ 2.252 | ||
|$ | |$ 2.132 | ||
|$ | |$ 2.025 | ||
|$ | |$ 1.900 | ||
|$ | |$ 1.843 | ||
|$ | |$ 1.765 | ||
|$ | |$ 1.694 | ||
|- | |- | ||
|4.5% | |4.5% | ||
|$ | |$ 2.358 | ||
|$ | |$ 2.223 | ||
|$ | |$ 2.105 | ||
|$ | |$ 1.968 | ||
|$ | |$ 1.905 | ||
|$ | |$ 1.821 | ||
|$ | |$ 1.744 | ||
|- | |- | ||
|5.0% | |5.0% | ||
|$ | |$ 2.478 | ||
|$ | |$ 2.327 | ||
|$ | |$ 2.195 | ||
|$ | |$ 2.044 | ||
|$ | |$ 1.975 | ||
|$ | |$ 1.882 | ||
|$ | |$ 1.799 | ||
|} | |} | ||