AFM 204 - Class 10 Excel - Terminal Value

Exxon Mobil Corporation (NYSE:XOM) > Financials > Income Statement
In Millions of the reported currency, except per share items.
Template:
Period Type:
Currency:
Units:
Standard
Annual
Reported Currency
S&P Capital IQ (Defau
Income Statement
Restated
12 months
Dec-31-1997
USD
Restated
12 months
Dec-31-1998
USD
Reclassified
12 months
Dec-31-1999
USD
Revenue
Other Revenue
Total Revenue
176,552.0
176,552.0
144,701.0
144,701.0
160,883.0
160,883.0
Cost Of Goods Sold

Gross Profit
102,916.0
73,636.0
79,811.0
64,890.0
93,817.0
67,066.0
13,574.0
1,252.0
8,228.0
33,867.0
12,925.0
1,506.0
8,355.0
33,203.0
12,918.0
1,246.0
8,093.0
34,765.0
Other Operating Exp., Total
56,921.0
55,989.0
57,022.0
Operating Income
16,715.0
8,901.0
10,044.0
For the Fiscal Period Ending

Currency
Selling General & Admin Exp.

Exploration/Drilling Costs
R & D Exp.
Depreciation & Amort.
Other Operating Expense/(Income)
Interest Expense
Interest and Invest. Income
Net Interest Exp.
(863.0)
(568.0)
-
(695.0)
-
(863.0)
(568.0)
(695.0)
Income/(Loss) from Affiliates

Currency Exchange Gains (Loss)
Other Non-Operating Inc. (Exp.)
EBT Excl. Unusual Items
4,011.0
19,863.0
4,015.0
12,348.0
2,998.0
12,347.0
Restructuring Charges
Merger & Related Restruct. Charges
Impairment of Goodwill
Gain (Loss) On Sale Of Invest.
Gain (Loss) On Sale Of Assets
Other Unusual Items
EBT Incl. Unusual Items
19,863.0
12,348.0
(427.0)
(625.0)
11,295.0
Income Tax Expense

Earnings from Cont. Ops.
7,605.0
12,258.0
3,939.0
8,409.0
3,240.0
8,055.0
Earnings of Discontinued Ops.

Extraord. Item & Account. Change
Net Income to Company
12,258.0
(70.0)
8,339.0
8,055.0
Minority Int. in Earnings

Net Income
(526.0)
11,732.0
(265.0)
8,074.0
(145.0)
7,910.0
Dec-31-1997
USD
Restated
Dec-31-1998
USD
Dec-31-1999
USD
Balance Sheet
Balance Sheet as of:
Currency
ASSETS
Cash And Equivalents
Short Term Investments
Total Cash & ST Investments
4,047
15.0
4,062
2,386
50.0
2,436
1,688
73.0
1,761
Accounts Receivable
Other Receivables
Total Receivables
7,989.0
2,713.0
10,702.0
10,862.0
4,967.0
15,829.0
14,605.0
4,550.0
19,155.0
Inventory
Prepaid Exp.
Deferred Tax Assets, Curr.
Restricted Cash
Other Current Assets
Total Current Assets
5,487.0
941.0
21,192.0
8,692.0
1,637.0
28,594.0
8,492.0
1,733.0
31,141.0
127,778.0
(61,364.0)
66,414.0
182,467.0
(89,884.0)
92,583.0
189,212.0
(95,169.0)
94,043.0
Long-term Investments
Deferred Tax Assets, LT
Other Long-Term Assets
Total Assets
3,755.0
4,703.0
96,064.0
11,612.0
6,546.0
139,335.0
12,289.0
7,048.0
144,521.0
LIABILITIES
Accounts Payable
Accrued Exp.
Short-term Borrowings
Curr. Port. of LT Debt
Curr. Income Taxes Payable
Other Current Liabilities
Total Current Liabilities
11,400.0
3,283.0
2,132.0
770.0
2,069.0
19,654.0
17,615.0
5,539.0
6,960.0
1,524.0
2,143.0
33,781.0
19,487.0
6,005.0
10,163.0
407.0
2,671.0
38,733.0
Gross Property, Plant & Equipment

Accumulated Depreciation
Net Property, Plant & Equipment
Long-Term Debt
Capital Leases
Pension & Other Post-Retire. Benefits
Def. Tax Liability, Non-Curr.
Other Non-Current Liabilities
Total Liabilities
7,050.0
-
8,532.0
-
8,402.0
-
13,452.0
9,877.0
50,033.0
16,749.0
14,526.0
73,588.0
16,251.0
13,981.0
77,367.0
190.0
190.0
746.0
746.0
2,323.0
52,214.0
(9,723.0)
(1,344.0)
43,470.0
4,870.0
75,109.0
(15,831.0)
(2,774.0)
61,374.0
3,403.0
75,055.0
(12,126.0)
(2,866.0)
63,466.0
2,371.0
3,627.0
3,688.0
Total Equity
46,031.0
65,747.0
67,154.0
Total Liabilities And Equity
96,064.0
139,335.0
144,521.0
Supplemental Items
Total Shares Out. on Filing Date
Total Shares Out. on Balance Sheet Date
Book Value/Share
Tangible Book Value
Tangible Book Value/Share
Total Debt
Net Debt
Debt Equiv. of Unfunded Proj. Benefit Obligation
4,899.3
4,914.0
$8.85
43,470.0
$8.85
9,952.0
5,890.0
3,866.0
4,855.9
6,916.0
$8.87
61,374.0
$8.87
17,016.0
14,580.0
7,099.0
6,959.8
6,954.0
$9.13
63,466.0
$9.13
18,972.0
17,211.0
3,006.0
Pref. Stock, Convertible

Total Pref. Equity
Common Stock
Additional Paid In Capital
Retained Earnings
Treasury Stock
Comprehensive Inc. and Other
Total Common Equity
Minority Interest
Debt Equivalent Oper. Leases

Total Minority Interest
Equity Method Investments
Inventory Method
LIFO Reserve
Raw Materials Inventory
Finished Goods Inventory
Land
Machinery
Full Time Employees
Accum. Allowance for Doubtful Accts
Filing Date
Restatement Type
Calculation Type
22,728.0
2,371.0
3,562.0
LIFO
(2,673.0)
762.0
4,725.0
101,769.0
26,009.0
80,000
80.0
Mar-23-2000
NC
RUP
22,080.0
3,627.0
10,843.0
LIFO
(957.0)
1,155.0
7,537.0
155,310.0
27,157.0
79,000
234.0
Mar-28-2001
RS
RUP
17,376.0
3,688.0
11,325.0
LIFO
(5,898.0)
1,122.0
7,370.0
160,839.0
28,373.0
NA
231.0
Mar-27-2002
NC
RUP
Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share c
Cash Flow
Currency
Net Income
Depreciation & Amort., Total
(Gain) Loss From Sale Of Assets
(Gain) Loss On Sale Of Invest.
(Income) Loss on Equity Invest.
Restated
12 months
Dec-31-1997
USD
Restated
12 months
Dec-31-1998
USD
12 months
Dec-31-1999
USD
11,732.0
8,228.0
8,228.0
8,074.0
8,355.0
8,355.0
7,910.0
8,304.0
8,304.0
526.0
73.0
265.0
328.0
145.0
146.0
Other Operating Activities

Change in Acc. Receivable
Change In Inventories
Change in Acc. Payable
Change in Inc. Taxes
Change in Other Net Operating Assets
Cash from Ops.
Capital Expenditure
Sale of Property, Plant, and Equipment
Cash Acquisitions
Divestitures
Invest. in Marketable & Equity Securt.
Net (Inc.) Dec. in Loans Originated/Sold
Other Investing Activities
Cash from Investing
1,427.0
2,078.0
292.0
(2,884.0)
(30.0)
21,442.0
(192.0)
2,170.0
438.0
(3,010.0)
8.0
16,436.0
(1,287.0)
(3,478.0)
50.0
3,046.0
177.0
15,013.0
(11,652.0)
(12,730.0)
(10,849.0)
2,193.0
(1,376.0)
(10,835.0)
1,884.0
(1,472.0)
336.0
(11,982.0)
972.0
(1,495.0)
387.0
(10,985.0)
Short Term Debt Issued

Long-Term Debt Issued
Total Debt Issued
Short Term Debt Repaid
Long-Term Debt Repaid
Total Debt Repaid
1,400.0
1,089.0
2,489.0
(2,591.0)
(806.0)
(3,397.0)
3,314.0
1,384.0
4,698.0
(2,175.0)
(305.0)
(2,480.0)
4,080.0
454.0
4,534.0
(2,359.0)
(341.0)
(2,700.0)
Issuance of Common Stock

Repurchase of Common Stock
424.0
(3,122.0)
507.0
(3,547.0)
348.0
(670.0)
Common Dividends Paid

Common and/or Pref. Dividends Paid
Total Dividends Paid
Special Dividend Paid
Other Financing Activities
(5,757.0)
(5,757.0)
(5,843.0)
(5,843.0)
-
(216.0)
(5,872.0)
(5,872.0)
-
(471.0)
(419.0)
Cash from Financing

Foreign Exchange Rate Adj.
Net Change in Cash
Supplemental Items
Cash Interest Paid
Cash Taxes Paid
Levered Free Cash Flow
Unlevered Free Cash Flow
Change in Net Working Capital
Net Debt Issued
Filing Date
Restatement Type
Calculation Type
Indirect Method
CFO
CAPEX
FCF
PV of FCF (time 0 = Dec 31 2013)
Sum of PV (note the time period)
Add Cash
Substract Debt
DCF Valuation
Convert to per share (divide by shares O/S)
PV of FCF (time 0 = Dec 31, 2014)
Add Cash
Substract Debt
DCF Valuation
(9,579.0)
(7,136.0)
(4,779.0)
(127.0)
901.0
23.0
(2,659.0)
53.0
(698.0)
1,149.0
6,762.0
6,051.5
6,590.9
432.0
(908.0)
Mar-23-2000
RS
REP
1,066.0
4,629.0
350.1
705.1
483.0
2,218.0
Mar-28-2001
RS
REP
882.0
3,805.0
2,942.1
3,376.5
356.0
1,834.0
Mar-27-2002
NC
REP
21,442
-10,835
10,607
16,436
-11,982
4,454
15,013
-10,985
4,028
Cash Returned to Shareholders
8,879
9,390
6,542
Restatement:
Order:
Conversion:
Decimals:
Latest Filings
Latest on Right
Historical
Capital IQ (Default)
Reclassified
12 months
Dec-31-2000
USD
Reclassified
12 months
Dec-31-2001
USD
Reclassified
12 months
Dec-31-2002
USD
Reclassified
12 months
Dec-31-2003
USD
Reclassified
12 months
Dec-31-2004
USD
Reclassified
12 months
Dec-31-2005
USD
205,240.0
205,240.0
186,808.0
1,896.0
188,704.0
178,909.0
1,491.0
180,400.0
213,199.0
2,850.0
216,049.0
263,989.0
1,554.0
265,543.0
328,213.0
2,162.0
330,375.0
126,513.0
78,727.0
108,297.0
80,407.0
107,193.0
73,207.0
127,130.0
88,919.0
160,516.0
105,027.0
209,781.0
120,594.0
12,044.0
936.0
8,001.0
32,708.0
12,325.0
1,175.0
7,848.0
35,653.0
11,770.0
920.0
8,310.0
35,746.0
12,722.0
1,010.0
9,047.0
40,107.0
13,131.0
1,098.0
9,767.0
43,605.0
13,642.0
964.0
10,253.0
44,571.0
53,689.0
57,001.0
56,746.0
62,886.0
67,601.0
69,430.0
25,038.0
23,406.0
16,461.0
26,033.0
37,426.0
51,164.0
(589.0)
(293.0)
-
(398.0)
-
(207.0)
-
(638.0)
-
(496.0)
-
(589.0)
(293.0)
(398.0)
(207.0)
(638.0)
(496.0)
4,250.0
28,699.0
2,174.0
25,287.0
2,066.0
18,129.0
4,373.0
30,199.0
4,961.0
41,749.0
7,583.0
58,251.0
268.0
42,017.0
1,980.0
60,231.0
(748.0)
(410.0)
27,293.0
24,539.0
17,719.0
2,240.0
221.0
32,660.0
11,075.0
16,218.0
8,967.0
15,572.0
6,499.0
11,220.0
11,006.0
21,654.0
15,911.0
26,106.0
23,302.0
36,929.0
184.0
1,730.0
18,132.0
102.0
215.0
15,889.0
449.0
11,669.0
550.0
22,204.0
26,106.0
36,929.0
(412.0)
17,720.0
(569.0)
15,320.0
(209.0)
11,460.0
(694.0)
21,510.0
(776.0)
25,330.0
(799.0)
36,130.0
Dec-31-2000
USD
Dec-31-2001
USD
Dec-31-2002
USD
Dec-31-2003
USD
Dec-31-2004
USD
Dec-31-2005
USD
(1,406.0)
7,080
7,080
6,547
6,547
7,229
7,229
10,626
10,626
18,531
18,531
28,671
28,671
17,568.0
5,428.0
22,996.0
13,597.0
5,952.0
19,549.0
15,317.0
5,846.0
21,163.0
16,766.0
7,543.0
24,309.0
20,712.0
4,647.0
25,359.0
23,858.0
3,626.0
27,484.0
8,304.0
2,019.0
40,399.0
7,904.0
1,681.0
35,681.0
8,068.0
1,831.0
38,291.0
8,957.0
2,068.0
45,960.0
9,487.0
1,175.0
1,221.0
4,604.0
60,377.0
9,321.0
3,262.0
4,604.0
73,342.0
187,746.0
(97,917.0)
89,829.0
190,503.0
(100,901.0)
89,602.0
204,960.0
(110,020.0)
94,940.0
229,315.0
(124,350.0)
104,965.0
242,422.0
(133,783.0)
108,639.0
240,294.0
(133,284.0)
107,010.0
10,604.0
8,168.0
149,000.0
9,455.0
8,436.0
143,174.0
10,947.0
8,466.0
152,644.0
14,431.0
8,922.0
174,278.0
17,472.0
1,406.0
7,362.0
195,256.0
19,428.0
8,555.0
208,335.0
21,332.0
5,423.0
5,511.0
650.0
5,275.0
38,191.0
18,094.0
4,768.0
3,364.0
339.0
3,549.0
30,114.0
20,558.0
4,628.0
3,209.0
884.0
3,896.0
33,175.0
23,071.0
5,374.0
2,886.0
1,903.0
5,152.0
38,386.0
23,837.0
6,055.0
2,672.0
608.0
7,938.0
1,871.0
42,981.0
30,513.0
5,607.0
1,256.0
515.0
8,416.0
46,307.0
7,280.0
-
7,099.0
-
6,655.0
-
4,756.0
-
4,659.0
354.0
16,442.0
13,100.0
75,013.0
16,359.0
13,616.0
67,188.0
16,484.0
18,965.0
75,279.0
20,118.0
17,721.0
80,981.0
21,092.0
20,462.0
89,548.0
6,220.0
10,220.0
20,878.0
9,997.0
93,622.0
3,661.0
86,652.0
(14,132.0)
(5,424.0)
70,757.0
3,789.0
95,718.0
(19,597.0)
(6,749.0)
73,161.0
4,217.0
100,961.0
(24,077.0)
(6,504.0)
74,597.0
4,468.0
115,956.0
(29,361.0)
(1,148.0)
89,915.0
5,067.0
134,390.0
(38,214.0)
513.0
101,756.0
4,477.0
163,335.0
(55,347.0)
(1,279.0)
111,186.0
3,230.0
2,825.0
2,768.0
3,382.0
3,952.0
3,527.0
73,987.0
75,986.0
77,365.0
93,297.0
105,708.0
114,713.0
149,000.0
143,174.0
152,644.0
174,278.0
195,256.0
208,335.0
6,910.8
6,930.0
$10.21
70,757.0
$10.21
13,441.0
6,361.0
4,139.0
6,792.6
6,809.0
$10.74
73,161.0
$10.74
10,802.0
4,255.0
7,249.0
6,689.9
6,700.0
$11.13
74,597.0
$11.13
10,748.0
3,519.0
11,331.0
6,557.5
6,568.0
$13.69
89,915.0
$13.69
9,545.0
(1,081.0)
10,107.0
6,385.4
6,401.0
$15.9
101,756.0
$15.9
8,293.0
(10,238.0)
11,502.0
6,091.2
6,133.0
$18.13
111,186.0
$18.13
7,991.0
(20,680.0)
11,178.0
15,480.0
3,230.0
9,374.0
LIFO
(6,700.0)
1,060.0
7,244.0
158,149.0
29,597.0
NA
258.0
Mar-26-2003
NC
RUP
19,632.0
2,825.0
6,216.0
LIFO
(4,200.0)
1,161.0
6,743.0
160,477.0
30,026.0
97,900
279.0
Mar-15-2004
NC
RUP
18,576.0
2,768.0
6,932.0
LIFO
(6,800.0)
1,241.0
6,827.0
176,242.0
28,718.0
92,500
314.0
Feb-28-2005
NC
RUP
18,384.0
3,382.0
9,545.0
LIFO
(6,800.0)
1,292.0
7,665.0
198,640.0
30,675.0
105,700
358.0
Apr-12-2006
NCA
RUP
19,928.0
3,952.0
15,541.0
LIFO
(9,800.0)
1,351.0
8,136.0
NA
NA
105,200
332.0
Feb-28-2007
NC
RUP
22,320.0
3,527.0
12,116.0
LIFO
(15,400.0)
1,469.0
7,852.0
208,182.0
32,112.0
106,100
321.0
Feb-28-2008
NC
RUP
y ADRs, total share counts are ADR-equivalent.
12 months
Dec-31-2000
USD
12 months
Dec-31-2001
USD
12 months
Dec-31-2002
USD
12 months
Dec-31-2003
USD
12 months
Dec-31-2004
USD
12 months
Dec-31-2005
USD
17,720.0
8,001.0
8,001.0
15,320.0
7,848.0
7,848.0
11,460.0
8,310.0
8,310.0
21,510.0
9,047.0
9,047.0
25,330.0
9,767.0
9,767.0
36,130.0
10,253.0
10,253.0
412.0
(387.0)
569.0
78.0
209.0
1,466.0
(170.0)
694.0
(2,461.0)
(402.0)
776.0
(268.0)
(1,643.0)
799.0
(1,980.0)
(734.0)
(2,887.0)
(4,832.0)
(297.0)
5,411.0
(204.0)
22,937.0
843.0
3,062.0
154.0
(5,103.0)
118.0
22,889.0
(8,446.0)
(9,989.0)
(12,859.0)
(11,986.0)
(13,839.0)
5,770.0
(1,607.0)
985.0
(3,298.0)
1,078.0
(1,035.0)
1,735.0
(8,211.0)
2,793.0
(2,012.0)
898.0
(9,758.0)
2,290.0
(809.0)
536.0
(10,842.0)
2,754.0
(2,287.0)
(3,391.0)
(14,910.0)
6,036.0
(2,810.0)
343.0
(10,270.0)
500.0
238.0
738.0
(5,542.0)
(901.0)
(6,443.0)
705.0
547.0
1,252.0
(3,518.0)
(506.0)
(4,024.0)
751.0
396.0
1,147.0
(1,208.0)
(246.0)
(1,454.0)
715.0
127.0
842.0
(2,052.0)
(914.0)
(2,966.0)
450.0
470.0
920.0
(2,309.0)
(562.0)
(2,871.0)
377.0
195.0
572.0
(1,993.0)
(81.0)
(2,074.0)
493.0
(2,352.0)
301.0
(5,721.0)
299.0
(4,798.0)
434.0
(5,881.0)
960.0
(9,951.0)
941.0
(18,221.0)
(6,123.0)
(6,254.0)
(6,217.0)
(6,515.0)
(6,896.0)
(7,185.0)
(6,123.0)
(11,437.0)
(6,254.0)
(478.0)
(452.0)
(305.0)
353.0
365.0
32.0
21,268.0
(6,217.0)
(595.0)
324.0
(1,286.0)
(100.0)
1,130.0
42.0
28,498.0
(6,515.0)
(330.0)
940.0
(472.0)
(223.0)
6,333.0
11.0
40,551.0
(6,896.0)
(677.0)
5.0
(3,700.0)
(434.0)
7,806.0
(7.0)
48,138.0
(7,185.0)
(430.0)
(974.0)
(14,165.0)
(15,041.0)
(11,353.0)
(14,763.0)
(18,268.0)
(26,941.0)
(82.0)
5,392.0
(170.0)
(533.0)
525.0
682.0
504.0
3,397.0
532.0
7,905.0
(787.0)
10,140.0
729.0
8,671.0
14,763.6
15,131.8
72.0
(5,705.0)
Mar-26-2003
NC
REP
562.0
9,855.0
10,870.6
11,053.8
1,434.0
(2,772.0)
Mar-15-2004
NC
REP
437.0
6,106.0
8,161.4
8,410.1
(743.0)
(307.0)
Feb-28-2005
NC
REP
429.0
8,149.0
12,572.3
12,701.6
(243.0)
(2,124.0)
Apr-12-2006
NCA
REP
328.0
13,510.0
20,554.5
20,953.3
408.0
(1,951.0)
Feb-28-2007
NC
REP
473.0
22,535.0
30,478.5
30,788.5
(2,010.0)
(1,502.0)
Feb-28-2008
NC
REP
22,937
-3,298
19,639
22,889
-8,211
14,678
21,268
-9,758
11,510
28,498
-10,842
17,656
40,551
-14,910
25,641
48,138
-10,270
37,868
8,475
11,975
11,015
12,396
16,847
25,406
12 months
Dec-31-2006
USD
12 months
Dec-31-2007
USD
Reclassified
12 months
Dec-31-2008
USD
Reclassified
12 months
Dec-31-2009
USD
Reclassified
12 months
Dec-31-2010
USD
Reclassified
12 months
Dec-31-2011
USD
335,086.0
3,652.0
338,738.0
358,600.0
3,106.0
361,706.0
425,071.0
425,071.0
275,564.0
275,564.0
341,578.0
2,419.0
343,997.0
433,526.0
4,111.0
437,637.0
209,667.0
129,071.0
229,113.0
132,593.0
284,724.0
140,347.0
183,816.0
91,748.0
231,513.0
112,484.0
304,035.0
133,602.0
13,490.0
1,181.0
11,416.0
42,393.0
14,022.0
1,469.0
12,250.0
44,091.0
15,004.0
1,451.0
12,379.0
45,223.0
14,000.0
2,021.0
11,917.0
37,571.0
13,912.0
2,144.0
14,760.0
39,127.0
14,179.0
2,081.0
15,583.0
43,544.0
68,480.0
71,832.0
74,057.0
65,509.0
69,943.0
75,387.0
60,591.0
60,761.0
66,290.0
26,239.0
42,541.0
58,215.0
(654.0)
(400.0)
-
(673.0)
-
(548.0)
-
(259.0)
-
(247.0)
-
(654.0)
(400.0)
(673.0)
(548.0)
(259.0)
(247.0)
6,985.0
66,922.0
8,901.0
69,262.0
11,081.0
(143.0)
3,023.0
79,578.0
7,143.0
1,455.0
34,289.0
10,677.0
52,959.0
15,289.0
73,257.0
1,531.0
68,453.0
2,217.0
71,479.0
62.0
3,757.0
83,397.0
488.0
34,777.0
52,959.0
73,257.0
27,902.0
40,551.0
29,864.0
41,615.0
36,530.0
46,867.0
15,119.0
19,658.0
21,561.0
31,398.0
31,051.0
42,206.0
40,551.0
41,615.0
46,867.0
19,658.0
31,398.0
42,206.0
(1,051.0)
39,500.0
(1,005.0)
40,610.0
(1,647.0)
45,220.0
(378.0)
19,280.0
(938.0)
30,460.0
(1,146.0)
41,060.0
Dec-31-2006
USD
Dec-31-2007
USD
Dec-31-2008
USD
Dec-31-2009
USD
Dec-31-2010
USD
Dec-31-2011
USD
28,244
28,244
33,981
519.0
34,500
31,437
570.0
32,007
10,693
169.0
10,862
7,825
7,825
12,664
12,664
25,076.0
3,866.0
28,942.0
30,775.0
5,675.0
36,450.0
18,707.0
5,995.0
24,702.0
22,186.0
5,459.0
27,645.0
25,439.0
6,845.0
32,284.0
30,044.0
8,598.0
38,642.0
10,714.0
3,273.0
4,604.0
75,777.0
11,089.0
2,497.0
1,427.0
85,963.0
11,646.0
2,097.0
1,814.0
72,266.0
11,553.0
3,322.0
1,853.0
55,235.0
12,976.0
3,359.0
628.0
1,912.0
58,984.0
15,024.0
4,549.0
404.0
1,680.0
72,963.0
259,284.0
(145,597.0)
113,687.0
280,340.0
(159,471.0)
120,869.0
270,845.0
(149,499.0)
121,346.0
305,906.0
(166,790.0)
139,116.0
373,938.0
(174,390.0)
199,548.0
393,995.0
(179,331.0)
214,664.0
22,060.0
7,491.0
219,015.0
15,347.0
19,903.0
242,082.0
16,094.0
1,725.0
16,621.0
228,052.0
17,319.0
2,263.0
19,390.0
233,323.0
18,986.0
3,527.0
21,465.0
302,510.0
18,512.0
4,218.0
20,695.0
331,052.0
30,433.0
6,052.0
1,243.0
459.0
8,033.0
2,597.0
48,817.0
29,239.0
12,480.0
2,065.0
318.0
10,654.0
3,556.0
58,312.0
21,190.0
11,901.0
2,032.0
368.0
10,057.0
3,552.0
49,100.0
24,236.0
5,921.0
2,128.0
348.0
8,310.0
11,118.0
52,061.0
30,780.0
6,778.0
2,442.0
345.0
9,812.0
12,476.0
62,633.0
33,969.0
7,123.0
4,280.0
3,431.0
12,727.0
15,975.0
77,505.0
6,425.0
220.0
13,931.0
20,851.0
11,123.0
101,367.0
6,774.0
409.0
13,278.0
22,899.0
14,366.0
116,038.0
6,645.0
380.0
20,729.0
19,726.0
13,949.0
110,529.0
6,761.0
368.0
17,942.0
23,148.0
17,651.0
117,931.0
11,923.0
304.0
19,367.0
35,150.0
20,454.0
149,831.0
9,062.0
260.0
24,994.0
36,618.0
21,869.0
170,308.0
4,786.0
195,207.0
(83,387.0)
(2,762.0)
113,844.0
4,933.0
228,518.0
(113,678.0)
1,989.0
121,762.0
5,314.0
265,680.0
(148,098.0)
(9,931.0)
112,965.0
5,503.0
276,937.0
(166,410.0)
(5,461.0)
110,569.0
9,371.0
298,899.0
(156,608.0)
(4,823.0)
146,839.0
9,512.0
330,939.0
(176,932.0)
(9,123.0)
154,396.0
3,804.0
4,282.0
4,558.0
4,823.0
5,840.0
6,348.0
117,648.0
126,044.0
117,523.0
115,392.0
152,679.0
160,744.0
219,015.0
242,082.0
228,052.0
233,323.0
302,510.0
331,052.0
5,693.4
5,729.0
$19.87
113,844.0
$19.87
8,347.0
(19,897.0)
8,122.0
5,350.0
5,382.0
$22.62
121,762.0
$22.62
9,566.0
(24,934.0)
6,728.0
4,922.9
4,976.0
$22.7
112,965.0
$22.7
9,425.0
(22,582.0)
15,368.0
4,721.3
4,727.0
$23.39
110,569.0
$23.39
9,605.0
(1,257.0)
11,647.0
4,958.6
4,979.0
$29.49
146,839.0
$29.49
15,014.0
7,189.0
13,129.0
4,713.2
4,734.0
$32.61
154,396.0
$32.61
17,033.0
4,369.0
18,330.0
27,232.0
3,804.0
20,382.0
LIFO
(15,900.0)
1,735.0
8,979.0
NA
NA
82,100
306.0
Apr-13-2009
NCA
RUP
25,592.0
4,282.0
13,700.0
LIFO
(25,400.0)
2,226.0
8,863.0
NA
NA
80,800
258.0
Feb-26-2010
NC
RUP
31,936.0
4,558.0
14,458.0
LIFO
(10,000.0)
2,315.0
9,331.0
NA
NA
104,700
219.0
Feb-28-2011
NCA
RUP
34,624.0
4,823.0
15,742.0
LIFO
(17,100.0)
2,835.0
8,718.0
NA
NA
80,700
198.0
Feb-24-2012
NC
RUP
29,376.0
5,840.0
17,429.0
LIFO
(21,300.0)
3,124.0
9,852.0
NA
NA
83,600
152.0
Feb-27-2013
NC
RUP
31,896.0
6,348.0
16,968.0
LIFO
(25,600.0)
3,359.0
11,665.0
NA
NA
82,100
128.0
Feb-26-2014
NC
RUP
12 months
Dec-31-2006
USD
12 months
Dec-31-2007
USD
12 months
Dec-31-2008
USD
12 months
Dec-31-2009
USD
12 months
Dec-31-2010
USD
12 months
Dec-31-2011
USD
39,500.0
11,416.0
11,416.0
40,610.0
12,250.0
12,250.0
45,220.0
12,379.0
12,379.0
19,280.0
11,917.0
11,917.0
30,460.0
14,760.0
14,760.0
41,060.0
15,583.0
15,583.0
1,051.0
(1,531.0)
(579.0)
(2,217.0)
(3,757.0)
-
(714.0)
921.0
(488.0)
(1,401.0)
-
(483.0)
(2,842.0)
-
(596.0)
(273.0)
(108.0)
(181.0)
(1,057.0)
1,160.0
(385.0)
49,286.0
(15,462.0)
934.0
(5,441.0)
72.0
6,228.0
280.0
52,002.0
(15,387.0)
3,530.0
8,641.0
(1,285.0)
(5,415.0)
(509.0)
59,725.0
(629.0)
(3,170.0)
459.0
1,420.0
132.0
28,438.0
1,345.0
(5,863.0)
(1,148.0)
9,943.0
913.0
48,413.0
2,829.0
(7,906.0)
(2,208.0)
8,880.0
222.0
55,345.0
(19,318.0)
(22,491.0)
(26,871.0)
(30,975.0)
3,080.0
(2,604.0)
756.0
(14,230.0)
4,204.0
(3,540.0)
4,995.0
(9,728.0)
5,985.0
(2,740.0)
574.0
(15,499.0)
1,545.0
(2,197.0)
724.0
(22,419.0)
3,261.0
(1,099.0)
505.0
(24,204.0)
11,133.0
(3,666.0)
1,343.0
(22,165.0)
334.0
318.0
652.0
(546.0)
(33.0)
(579.0)
1,211.0
592.0
1,803.0
(996.0)
(209.0)
(1,205.0)
1,210.0
79.0
1,289.0
(1,624.0)
(192.0)
(1,816.0)
1,336.0
225.0
1,561.0
(1,646.0)
(68.0)
(1,714.0)
1,307.0
1,143.0
2,450.0
(2,436.0)
(6,224.0)
(8,660.0)
2,624.0
702.0
3,326.0
(1,103.0)
(266.0)
(1,369.0)
1,173.0
(29,558.0)
1,079.0
(31,822.0)
753.0
(35,734.0)
752.0
(19,703.0)
1,043.0
(13,093.0)
924.0
(22,055.0)
(7,628.0)
(7,621.0)
(8,058.0)
(8,023.0)
(8,498.0)
(9,020.0)
(7,628.0)
(7,621.0)
(270.0)
(8,058.0)
(579.0)
(8,023.0)
(461.0)
(8,498.0)
(156.0)
(9,020.0)
(166.0)
(62.0)
(36,210.0)
(38,345.0)
(44,027.0)
(27,283.0)
(26,924.0)
(28,256.0)
727.0
(427.0)
1,808.0
5,737.0
(2,743.0)
(2,544.0)
520.0
(20,744.0)
(153.0)
(2,868.0)
(85.0)
4,839.0
1,382.0
26,165.0
33,658.6
34,067.4
283.0
73.0
Apr-13-2009
NCA
REP
555.0
26,342.0
40,062.6
40,312.6
(4,884.0)
598.0
Feb-26-2010
NC
REP
650.0
33,941.0
36,694.6
37,115.3
(1,975.0)
(527.0)
Feb-28-2011
NCA
REP
820.0
15,427.0
4,976.9
5,319.4
1,229.0
(153.0)
Feb-24-2012
NC
REP
703.0
18,941.0
18,591.3
18,753.1
(3,475.0)
(6,210.0)
Feb-27-2013
NC
REP
557.0
27,254.0
22,439.0
22,593.4
(808.0)
1,957.0
Feb-26-2014
NC
REP
49,286
-14,230
35,056
52,002
-9,728
42,274
59,725
-15,499
44,226
28,438
-22,419
6,019
48,413
-24,204
24,209
55,345
-22,165
33,180
37,186
39,443
43,792
27,726
21,591
31,075
Pro-Forma
Reclassified
12 months
Dec-31-2012
USD
12 months
Dec-31-2013
USD
419,100.0
8,390.0
427,490.0
390,247.0
3,469.0
393,716.0
413,954
435,233
457,606
481,128
505,860
531,863
299,506.0
127,984.0
282,181.0
111,535.0
285,803
128,151
300,494
134,739
315,941
141,665
332,181
148,947
349,257
156,603
367,210
164,653
13,128.0
1,840.0
15,888.0
38,857.0
12,211.0
1,976.0
17,182.0
36,396.0
12,211
2,227
12,211
2,342
12,211
2,462
12,211
2,589
12,211
2,722
12,211
2,862
36,676
36,959
37,244
37,531
37,820
38,111
69,713.0
67,765.0
51,115
51,512
51,917
52,330
52,753
53,184
58,271.0
43,770.0
77,037
83,227
89,748
96,616
103,851
111,469
2014
2015
2016
2017
2018
2019
USD
USD
USD
USD
USD
USD
(327.0)
(9.0)
-
(327.0)
(9.0)
15,010.0
4,352.0
77,306.0
13,927.0
23.0
57,711.0
9,943
10,454
10,992
11,557
12,151
12,775
86,980
93,681
100,739
108,173
116,001
124,244
1,420.0
78,726.0
57,711.0
86,980
93,681
100,739
108,173
116,001
124,244
31,045.0
47,681.0
24,263.0
33,448.0
36,192
50,787
38,981
54,700
41,918
58,822
45,011
63,162
48,268
67,733
51,698
72,546
47,681.0
33,448.0
50,787
54,700
58,822
63,162
67,733
72,546
(2,801.0)
44,880.0
(868.0)
32,580.0
-1,488
49,300
-1,602
53,098
-1,723
57,099
-1,850
61,312
-1,984
65,749
-2,125
70,422
Dec-31-2012
USD
Dec-31-2013
USD
2014
2015
2016
2017
2018
2019
USD
USD
USD
USD
USD
USD
18,409
26,592
35,333
44,623
54,453
64,809
18,409
26,592
35,333
44,623
54,453
64,809
37,133
39,042
41,048
43,159
45,377
47,710
16,135.0
3,575.0
269.0
1,533.0
59,308.0
17,738
18,650
19,608
20,616
21,676
22,790
4,119
0
1,533
78,931
4,466
0
1,533
90,283
4,842
0
1,533
102,365
5,250
0
1,533
115,181
5,692
0
1,533
128,731
6,171
0
1,533
143,013
409,314.0
(182,365.0)
226,949.0
434,517.0
(190,867.0)
243,650.0
471,106
(190,867)
280,239
510,776
(190,867)
319,909
553,787
(190,867)
362,920
600,419
(190,867)
409,552
650,979
(190,867)
460,112
705,795
(190,867)
514,928
18,967.0
3,269.0
20,150.0
333,795.0
19,734.0
2,822.0
21,294.0
346,808.0
18,243
3,647
19,704
400,764
18,243
3,954
19,704
452,093
18,243
4,287
19,704
507,518
18,243
4,648
19,704
567,327
18,243
5,039
19,704
631,828
18,243
5,463
19,704
701,351
33,789.0
4,130.0
2,628.0
1,025.0
9,758.0
12,809.0
64,139.0
30,920.0
3,883.0
14,774.0
1,034.0
7,831.0
13,282.0
71,724.0
34,235
6,317
0
35,994
6,317
0
37,845
6,317
0
39,790
6,317
0
41,835
6,317
0
43,986
6,317
0
14,851
13,095
68,497
15,995
13,095
71,401
17,200
13,095
74,456
18,469
13,095
77,671
19,806
13,095
81,052
21,213
13,095
84,610
9,582
9,582
4,644
4,644
28,373.0
6,614.0
34,987.0
25,993.0
7,159.0
33,152.0
14,542.0
3,540.0
341.0
1,468.0
64,460.0
21,175
339
20,026
339
18,877
339
17,728
339
16,579
339
15,430
339
50,391
49,285
189,686
57,524
51,818
201,108
65,258
54,482
213,412
73,643
57,282
226,663
82,735
60,227
240,932
92,591
63,322
256,293
10,077
10,077
10,077
10,077
10,077
10,077
429,353
-226,314
-9,106
204,009
477,833
-234,783
-9,574
243,553
530,038
-243,757
-10,066
286,292
586,185
-253,230
-10,584
332,449
646,502
-263,193
-11,128
382,259
711,231
-273,632
-11,700
435,976
6,492.0
7,069
7,432
7,814
8,216
8,638
9,082
171,660.0
180,495.0
211,078
250,985
294,106
340,665
390,897
445,058
333,795.0
346,808.0
400,764
452,093
507,518
567,327
631,828
701,351
4,502.0
4,502.0
$36.84
165,863.0
$36.84
11,581.0
1,999.0
17,727.0
4,321.2
4,335.0
$40.14
174,003.0
$40.14
22,699.0
18,055.0
14,188.0
7,497.0
431.0
25,267.0
37,570.0
27,231.0
162,135.0
6,516.0
375.0
20,646.0
40,530.0
26,522.0
166,313.0
9,653.0
365,727.0
(197,333.0)
(12,184.0)
165,863.0
10,077.0
387,432.0
(212,781.0)
(10,725.0)
174,003.0
5,797.0
30,456.0
5,797.0
18,530.0
LIFO
(21,300.0)
3,706.0
10,836.0
NA
NA
76,900
109.0
Feb-26-2014
NC
REP
30,376.0
6,492.0
19,619.0
LIFO
(21,200.0)
4,018.0
12,117.0
NA
NA
75,000
112.0
Feb-26-2014
O
REP
400,764
12 months
Dec-31-2012
USD
12 months
Dec-31-2013
USD
44,880.0
15,888.0
15,888.0
32,580.0
17,182.0
17,182.0
(13,018.0)
(1,828.0)
-
(1,157.0)
3.0
452,093
507,518
567,327
631,828
701,351
2014
2015
2016
2017
2018
2019
USD
USD
USD
USD
USD
USD
49,300
0
0
53,098
0
0
57,099
0
0
61,312
0
0
65,749
0
0
70,422
0
0
8,950.0
(1,082.0)
(1,873.0)
3,624.0
(42.0)
56,170.0
1,697.0
(305.0)
(1,812.0)
(2,498.0)
(105.0)
44,914.0
-3,981
-1,603
3,315
-1,909
-912
1,760
-2,007
-959
1,850
-2,110
-1,008
1,945
-2,218
-1,060
2,045
-2,333
-1,114
2,150
20,872
67,903
5,540
57,578
6,271
62,255
7,058
67,198
7,905
72,421
8,816
77,942
-36,589
-39,670
-43,011
-46,632
-50,559
-54,817
3,690
3,690
3,690
3,690
3,690
3,690
823
-32,077
823
-35,158
823
-38,498
823
-42,120
823
-46,047
823
-50,304
(34,271.0)
3,600.0
4,055.0
(598.0)
1,613.0
(25,601.0)
(33,669.0)
958.0
995.0
1,953.0
(4,714.0)
(147.0)
(4,861.0)
12,028.0
345.0
12,373.0
(756.0)
(13.0)
(769.0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
193.0
(21,068.0)
50.0
(15,998.0)
(13,533)
(8,469)
(8,974)
(9,473)
(9,963)
(10,440)
(10,092.0)
(10,875.0)
-7,379
-4,618
-4,893
-5,166
-5,433
-5,693
-7,379
-4,618
-4,893
-5,166
-5,433
-5,693
2,707.0
(4,435.0)
1,196.0
(34,201.0)
(10,092.0)
7.0
(10,875.0)
(257.0)
(33,868.0)
(15,476.0)
-22,062
-14,236
-15,016
-15,787
-16,544
-17,281
217.0
(3,082.0)
(175.0)
(4,938.0)
13,765
8,184
8,740
9,290
9,830
10,356
67,903
-32,077
35,826
33,602
57,578
-35,158
22,420
19,722
62,255
-38,498
23,757
19,601
67,198
-42,120
25,078
19,406
72,421
-46,047
26,374
19,142
77,942
-50,304
27,637
18,813
35,826
726,621
18,409
-21,175
723,855
?
21,028
20,898
20,691
20,409
20,059
555.0
24,349.0
14,799.0
15,003.4
3,887.0
(2,908.0)
Feb-26-2014
NC
REP
426.0
25,066.0
7,361.6
7,367.3
4,356.0
11,604.0
Feb-26-2014
O
REP
56,170
-25,601
30,569
44,914
-34,201
10,713
681,505
4,644
-22,324
663,825
153.62
31,160
26,873
20,913
13,087
13,867
14,638
15,395
16,132
Pro-Forma
2020
2021
2022
2023
2024
USD
USD
USD
USD
USD
559,202
587,947
618,170
649,946
683,355
386,085
173,117
405,932
182,016
426,798
191,372
448,737
201,209
471,803
211,552
12,211
3,009
12,211
3,163
12,211
3,326
12,211
3,497
12,211
3,677
38,405
38,701
38,999
39,299
39,602
53,625
54,075
54,536
55,007
55,490
119,492
127,940
136,836
146,202
156,062
13,432
14,122
14,848
15,611
16,414
132,924
142,063
151,684
161,813
172,476
132,924
142,063
151,684
161,813
172,476
55,310
77,614
59,112
82,951
63,116
88,568
67,330
94,483
71,767
100,709
77,614
82,951
88,568
94,483
100,709
-2,273
75,341
-2,430
80,521
-2,594
85,974
-2,767
91,716
-2,950
97,759
2020
2021
2022
2023
2024
USD
USD
USD
USD
USD
75,672
87,018
98,818
111,037
123,632
75,672
87,018
98,818
111,037
123,632
50,162
52,740
55,452
58,302
61,299
23,962
25,193
26,488
27,850
29,281
6,691
0
1,533
158,019
7,254
0
1,533
173,739
7,865
0
1,533
190,156
8,528
0
1,533
207,250
9,246
0
1,533
224,991
765,228
(190,867)
574,361
829,665
(190,867)
638,798
899,528
(190,867)
708,661
975,274
(190,867)
784,407
1,057,398
(190,867)
866,531
18,243
5,923
19,704
776,250
18,243
6,422
19,704
856,906
18,243
6,963
19,704
943,727
18,243
7,549
19,704
1,037,153
18,243
8,185
19,704
1,137,654
46,247
6,317
0
48,624
6,317
0
51,123
6,317
0
53,751
6,317
0
56,514
6,317
0
22,695
13,095
88,353
24,256
13,095
92,291
25,898
13,095
96,433
27,628
13,095
100,790
29,448
13,095
105,374
14,281
339
13,132
339
11,983
339
10,834
339
9,685
339
103,278
66,577
272,829
114,865
70,000
290,627
127,427
73,598
309,780
141,048
77,381
330,392
155,815
81,359
352,571
10,077
10,077
10,077
10,077
10,077
780,628
-284,532
-12,301
493,872
854,967
-295,871
-12,934
556,239
934,534
-307,622
-13,598
623,391
1,019,634
-319,752
-14,297
695,662
1,110,593
-332,224
-15,032
773,414
9,549
10,040
10,556
11,099
11,669
503,421
566,279
633,947
706,760
785,083
776,250
856,906
943,727
1,037,153
1,137,654
776,250
856,906
943,727
1,037,153
1,137,654
2020
2021
2022
2023
2024
USD
USD
USD
USD
USD
75,341
0
0
80,521
0
0
85,974
0
0
91,716
0
0
97,759
0
0
-2,452
-1,171
2,261
-2,578
-1,232
2,377
-2,711
-1,295
2,499
-2,850
-1,362
2,628
-2,997
-1,432
2,763
9,797
83,776
10,854
89,942
11,991
96,459
13,216
103,347
14,535
110,629
-59,432
-64,437
-69,863
-75,746
-82,124
3,690
3,690
3,690
3,690
3,690
823
-54,920
823
-59,925
823
-65,351
823
-71,234
823
-77,612
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(10,900)
(11,339)
(11,751)
(12,131)
(12,472)
-5,944
-6,183
-6,408
-6,615
-6,801
-5,944
-6,183
-6,408
-6,615
-6,801
-17,993
-18,670
-19,307
-19,894
-20,421
10,863
11,346
11,800
12,219
12,595
83,776
-54,920
28,855
18,423
89,942
-59,925
30,017
17,974
96,459
-65,351
31,108
17,471
103,347
-71,234
32,113
16,916
19,642
19,164
18,628
18,036
Terminal Value
110,629 Note: TV is itself a PV where time = 0 is the same as the
-77,612 In this case, time = 0 is in 2024
33,016
939,419
16,312
464,124
17,392
494,849
16,844
17,521
18,158
18,745
19,272
is the same as the FCF input
Template:
Period Type:
Currency:
Units:
Standard
Annual
Reported Currency
Income Statement
Restated
12 months
Dec-31-1997
USD
Restated
12 months
Dec-31-1998
USD
Reclassified
12 months
Dec-31-1999
USD
Revenue
Other Revenue
Total Revenue
176,552.0
176,552.0
144,701.0
144,701.0
160,883.0
160,883.0
Cost Of Goods Sold

Gross Profit
102,916.0
73,636.0
79,811.0
64,890.0
93,817.0
67,066.0
13,574.0
1,252.0
8,228.0
33,867.0
12,925.0
1,506.0
8,355.0
33,203.0
12,918.0
1,246.0
8,093.0
34,765.0
56,921.0
55,989.0
57,022.0
Operating Income
16,715.0
8,901.0
10,044.0

Currency

R & D Exp.
Interest Expense
Net Interest Exp.
(863.0)
(568.0)
-
(695.0)
-
(863.0)
(568.0)
(695.0)

4,011.0
19,863.0
4,015.0
12,348.0
2,998.0
12,347.0
Other Unusual Items
19,863.0
12,348.0
(427.0)
(625.0)
11,295.0
Income Tax Expense

7,605.0
12,258.0
3,939.0
8,409.0
3,240.0
8,055.0

12,258.0
(70.0)
8,339.0
8,055.0

Net Income
(526.0)
11,732.0
(265.0)
8,074.0
(145.0)
7,910.0
Dec-31-1997
USD
Restated
Dec-31-1998
USD
Dec-31-1999
USD
Balance Sheet
Currency
ASSETS
4,047
15.0
4,062
2,386
50.0
2,436
1,688
73.0
1,761
Accounts Receivable
Other Receivables
Total Receivables
7,989.0
2,713.0
10,702.0
10,862.0
4,967.0
15,829.0
14,605.0
4,550.0
19,155.0
Inventory
Prepaid Exp.
Restricted Cash
5,487.0
941.0
21,192.0
8,692.0
1,637.0
28,594.0
8,492.0
1,733.0
31,141.0
127,778.0
(61,364.0)
66,414.0
182,467.0
(89,884.0)
92,583.0
189,212.0
(95,169.0)
94,043.0
Total Assets
3,755.0
4,703.0
96,064.0
11,612.0
6,546.0
139,335.0
12,289.0
7,048.0
144,521.0
LIABILITIES
Accounts Payable
Accrued Exp.
11,400.0
3,283.0
2,132.0
770.0
2,069.0
19,654.0
17,615.0
5,539.0
6,960.0
1,524.0
2,143.0
33,781.0
19,487.0
6,005.0
10,163.0
407.0
2,671.0
38,733.0

Long-Term Debt
Capital Leases
Total Liabilities
7,050.0
-
8,532.0
-
8,402.0
-
13,452.0
9,877.0
50,033.0
16,749.0
14,526.0
73,588.0
16,251.0
13,981.0
77,367.0
190.0
190.0
746.0
746.0
2,323.0
52,214.0
(9,723.0)
(1,344.0)
43,470.0
4,870.0
75,109.0
(15,831.0)
(2,774.0)
61,374.0
3,403.0
75,055.0
(12,126.0)
(2,866.0)
63,466.0
2,371.0
3,627.0
3,688.0
Total Equity
46,031.0
65,747.0
67,154.0
96,064.0
139,335.0
144,521.0
Supplemental Items
Book Value/Share
Tangible Book Value
Total Debt
Net Debt
4,899.3
4,914.0
$8.85
43,470.0
$8.85
9,952.0
5,890.0
3,866.0
4,855.9
6,916.0
$8.87
61,374.0
$8.87
17,016.0
14,580.0
7,099.0
6,959.8
6,954.0
$9.13
63,466.0
$9.13
18,972.0
17,211.0
3,006.0

Total Pref. Equity
Common Stock
Retained Earnings
Treasury Stock
Total Common Equity
Minority Interest

Inventory Method
LIFO Reserve
Land
Machinery
Full Time Employees
Filing Date
Restatement Type
Calculation Type
22,728.0
2,371.0
3,562.0
LIFO
(2,673.0)
762.0
4,725.0
101,769.0
26,009.0
80,000
80.0
Mar-23-2000
NC
RUP
22,080.0
3,627.0
10,843.0
LIFO
(957.0)
1,155.0
7,537.0
155,310.0
27,157.0
79,000
234.0
Mar-28-2001
RS
RUP
17,376.0
3,688.0
11,325.0
LIFO
(5,898.0)
1,122.0
7,370.0
160,839.0
28,373.0
NA
231.0
Mar-27-2002
NC
RUP
Cash Flow
Currency
Net Income
Restated
12 months
Dec-31-1997
USD
Restated
12 months
Dec-31-1998
USD
12 months
Dec-31-1999
USD
11,732.0
8,228.0
8,228.0
8,074.0
8,355.0
8,355.0
7,910.0
8,304.0
8,304.0
526.0
73.0
265.0
328.0
145.0
146.0

Cash from Ops.
Capital Expenditure
Cash Acquisitions
Divestitures
Cash from Investing
1,427.0
2,078.0
292.0
(2,884.0)
(30.0)
21,442.0
(192.0)
2,170.0
438.0
(3,010.0)
8.0
16,436.0
(1,287.0)
(3,478.0)
50.0
3,046.0
177.0
15,013.0
(11,652.0)
(12,730.0)
(10,849.0)
2,193.0
(1,376.0)
(10,835.0)
1,884.0
(1,472.0)
336.0
(11,982.0)
972.0
(1,495.0)
387.0
(10,985.0)

Total Debt Issued
Total Debt Repaid
1,400.0
1,089.0
2,489.0
(2,591.0)
(806.0)
(3,397.0)
3,314.0
1,384.0
4,698.0
(2,175.0)
(305.0)
(2,480.0)
4,080.0
454.0
4,534.0
(2,359.0)
(341.0)
(2,700.0)

424.0
(3,122.0)
507.0
(3,547.0)
348.0
(670.0)

(5,757.0)
(5,757.0)
(5,843.0)
(5,843.0)
-
(216.0)
(5,872.0)
(5,872.0)
-
(471.0)
(419.0)
Cash from Financing

Net Change in Cash
Supplemental Items
Cash Interest Paid
Cash Taxes Paid
Net Debt Issued
Filing Date
Restatement Type
Calculation Type
Indirect Method
CFO
CAPEX
FCF
Add Cash
Substract Debt
DCF Valuation
Add Cash
Substract Debt
DCF Valuation
(9,579.0)
(7,136.0)
(4,779.0)
(127.0)
901.0
23.0
(2,659.0)
53.0
(698.0)
1,149.0
6,762.0
6,051.5
6,590.9
432.0
(908.0)
Mar-23-2000
RS
REP
1,066.0
4,629.0
350.1
705.1
483.0
2,218.0
Mar-28-2001
RS
REP
882.0
3,805.0
2,942.1
3,376.5
356.0
1,834.0
Mar-27-2002
NC
REP
21,442
-10,835
10,607
16,436
-11,982
4,454
15,013
-10,985
4,028
8,879
9,390
6,542
Restatement:
Order:
Conversion:
Decimals:
Latest Filings
Latest on Right
Historical
Reclassified
12 months
Dec-31-2000
USD
Reclassified
12 months
Dec-31-2001
USD
Reclassified
12 months
Dec-31-2002
USD
Reclassified
12 months
Dec-31-2003
USD
Reclassified
12 months
Dec-31-2004
USD
Reclassified
12 months
Dec-31-2005
USD
205,240.0
205,240.0
186,808.0
1,896.0
188,704.0
178,909.0
1,491.0
180,400.0
213,199.0
2,850.0
216,049.0
263,989.0
1,554.0
265,543.0
328,213.0
2,162.0
330,375.0
126,513.0
78,727.0
108,297.0
80,407.0
107,193.0
73,207.0
127,130.0
88,919.0
160,516.0
105,027.0
209,781.0
120,594.0
12,044.0
936.0
8,001.0
32,708.0
12,325.0
1,175.0
7,848.0
35,653.0
11,770.0
920.0
8,310.0
35,746.0
12,722.0
1,010.0
9,047.0
40,107.0
13,131.0
1,098.0
9,767.0
43,605.0
13,642.0
964.0
10,253.0
44,571.0
53,689.0
57,001.0
56,746.0
62,886.0
67,601.0
69,430.0
25,038.0
23,406.0
16,461.0
26,033.0
37,426.0
51,164.0
(589.0)
(293.0)
-
(398.0)
-
(207.0)
-
(638.0)
-
(496.0)
-
(589.0)
(293.0)
(398.0)
(207.0)
(638.0)
(496.0)
4,250.0
28,699.0
2,174.0
25,287.0
2,066.0
18,129.0
4,373.0
30,199.0
4,961.0
41,749.0
7,583.0
58,251.0
268.0
42,017.0
1,980.0
60,231.0
(748.0)
(410.0)
27,293.0
24,539.0
17,719.0
2,240.0
221.0
32,660.0
11,075.0
16,218.0
8,967.0
15,572.0
6,499.0
11,220.0
11,006.0
21,654.0
15,911.0
26,106.0
23,302.0
36,929.0
184.0
1,730.0
18,132.0
102.0
215.0
15,889.0
449.0
11,669.0
550.0
22,204.0
26,106.0
36,929.0
(412.0)
17,720.0
(569.0)
15,320.0
(209.0)
11,460.0
(694.0)
21,510.0
(776.0)
25,330.0
(799.0)
36,130.0
Dec-31-2000
USD
Dec-31-2001
USD
Dec-31-2002
USD
Dec-31-2003
USD
Dec-31-2004
USD
Dec-31-2005
USD
(1,406.0)
7,080
7,080
6,547
6,547
7,229
7,229
10,626
10,626
18,531
18,531
28,671
28,671
17,568.0
5,428.0
22,996.0
13,597.0
5,952.0
19,549.0
15,317.0
5,846.0
21,163.0
16,766.0
7,543.0
24,309.0
20,712.0
4,647.0
25,359.0
23,858.0
3,626.0
27,484.0
8,304.0
2,019.0
40,399.0
7,904.0
1,681.0
35,681.0
8,068.0
1,831.0
38,291.0
8,957.0
2,068.0
45,960.0
9,487.0
1,175.0
1,221.0
4,604.0
60,377.0
9,321.0
3,262.0
4,604.0
73,342.0
187,746.0
(97,917.0)
89,829.0
190,503.0
(100,901.0)
89,602.0
204,960.0
(110,020.0)
94,940.0
229,315.0
(124,350.0)
104,965.0
242,422.0
(133,783.0)
108,639.0
240,294.0
(133,284.0)
107,010.0
10,604.0
8,168.0
149,000.0
9,455.0
8,436.0
143,174.0
10,947.0
8,466.0
152,644.0
14,431.0
8,922.0
174,278.0
17,472.0
1,406.0
7,362.0
195,256.0
19,428.0
8,555.0
208,335.0
21,332.0
5,423.0
5,511.0
650.0
5,275.0
38,191.0
18,094.0
4,768.0
3,364.0
339.0
3,549.0
30,114.0
20,558.0
4,628.0
3,209.0
884.0
3,896.0
33,175.0
23,071.0
5,374.0
2,886.0
1,903.0
5,152.0
38,386.0
23,837.0
6,055.0
2,672.0
608.0
7,938.0
1,871.0
42,981.0
30,513.0
5,607.0
1,256.0
515.0
8,416.0
46,307.0
7,280.0
-
7,099.0
-
6,655.0
-
4,756.0
-
4,659.0
354.0
16,442.0
13,100.0
75,013.0
16,359.0
13,616.0
67,188.0
16,484.0
18,965.0
75,279.0
20,118.0
17,721.0
80,981.0
21,092.0
20,462.0
89,548.0
6,220.0
10,220.0
20,878.0
9,997.0
93,622.0
3,661.0
86,652.0
(14,132.0)
(5,424.0)
70,757.0
3,789.0
95,718.0
(19,597.0)
(6,749.0)
73,161.0
4,217.0
100,961.0
(24,077.0)
(6,504.0)
74,597.0
4,468.0
115,956.0
(29,361.0)
(1,148.0)
89,915.0
5,067.0
134,390.0
(38,214.0)
513.0
101,756.0
4,477.0
163,335.0
(55,347.0)
(1,279.0)
111,186.0
3,230.0
2,825.0
2,768.0
3,382.0
3,952.0
3,527.0
73,987.0
75,986.0
77,365.0
93,297.0
105,708.0
114,713.0
149,000.0
143,174.0
152,644.0
174,278.0
195,256.0
208,335.0
6,910.8
6,930.0
$10.21
70,757.0
$10.21
13,441.0
6,361.0
4,139.0
6,792.6
6,809.0
$10.74
73,161.0
$10.74
10,802.0
4,255.0
7,249.0
6,689.9
6,700.0
$11.13
74,597.0
$11.13
10,748.0
3,519.0
11,331.0
6,557.5
6,568.0
$13.69
89,915.0
$13.69
9,545.0
(1,081.0)
10,107.0
6,385.4
6,401.0
$15.9
101,756.0
$15.9
8,293.0
(10,238.0)
11,502.0
6,091.2
6,133.0
$18.13
111,186.0
$18.13
7,991.0
(20,680.0)
11,178.0
15,480.0
3,230.0
9,374.0
LIFO
(6,700.0)
1,060.0
7,244.0
158,149.0
29,597.0
NA
258.0
Mar-26-2003
NC
RUP
19,632.0
2,825.0
6,216.0
LIFO
(4,200.0)
1,161.0
6,743.0
160,477.0
30,026.0
97,900
279.0
Mar-15-2004
NC
RUP
18,576.0
2,768.0
6,932.0
LIFO
(6,800.0)
1,241.0
6,827.0
176,242.0
28,718.0
92,500
314.0
Feb-28-2005
NC
RUP
18,384.0
3,382.0
9,545.0
LIFO
(6,800.0)
1,292.0
7,665.0
198,640.0
30,675.0
105,700
358.0
Apr-12-2006
NCA
RUP
19,928.0
3,952.0
15,541.0
LIFO
(9,800.0)
1,351.0
8,136.0
NA
NA
105,200
332.0
Feb-28-2007
NC
RUP
22,320.0
3,527.0
12,116.0
LIFO
(15,400.0)
1,469.0
7,852.0
208,182.0
32,112.0
106,100
321.0
Feb-28-2008
NC
RUP
12 months
Dec-31-2000
USD
12 months
Dec-31-2001
USD
12 months
Dec-31-2002
USD
12 months
Dec-31-2003
USD
12 months
Dec-31-2004
USD
12 months
Dec-31-2005
USD
17,720.0
8,001.0
8,001.0
15,320.0
7,848.0
7,848.0
11,460.0
8,310.0
8,310.0
21,510.0
9,047.0
9,047.0
25,330.0
9,767.0
9,767.0
36,130.0
10,253.0
10,253.0
412.0
(387.0)
569.0
78.0
209.0
1,466.0
(170.0)
694.0
(2,461.0)
(402.0)
776.0
(268.0)
(1,643.0)
799.0
(1,980.0)
(734.0)
(2,887.0)
(4,832.0)
(297.0)
5,411.0
(204.0)
22,937.0
843.0
3,062.0
154.0
(5,103.0)
118.0
22,889.0
(8,446.0)
(9,989.0)
(12,859.0)
(11,986.0)
(13,839.0)
5,770.0
(1,607.0)
985.0
(3,298.0)
1,078.0
(1,035.0)
1,735.0
(8,211.0)
2,793.0
(2,012.0)
898.0
(9,758.0)
2,290.0
(809.0)
536.0
(10,842.0)
2,754.0
(2,287.0)
(3,391.0)
(14,910.0)
6,036.0
(2,810.0)
343.0
(10,270.0)
500.0
238.0
738.0
(5,542.0)
(901.0)
(6,443.0)
705.0
547.0
1,252.0
(3,518.0)
(506.0)
(4,024.0)
751.0
396.0
1,147.0
(1,208.0)
(246.0)
(1,454.0)
715.0
127.0
842.0
(2,052.0)
(914.0)
(2,966.0)
450.0
470.0
920.0
(2,309.0)
(562.0)
(2,871.0)
377.0
195.0
572.0
(1,993.0)
(81.0)
(2,074.0)
493.0
(2,352.0)
301.0
(5,721.0)
299.0
(4,798.0)
434.0
(5,881.0)
960.0
(9,951.0)
941.0
(18,221.0)
(6,123.0)
(6,254.0)
(6,217.0)
(6,515.0)
(6,896.0)
(7,185.0)
(6,123.0)
(11,437.0)
(6,254.0)
(478.0)
(452.0)
(305.0)
353.0
365.0
32.0
21,268.0
(6,217.0)
(595.0)
324.0
(1,286.0)
(100.0)
1,130.0
42.0
28,498.0
(6,515.0)
(330.0)
940.0
(472.0)
(223.0)
6,333.0
11.0
40,551.0
(6,896.0)
(677.0)
5.0
(3,700.0)
(434.0)
7,806.0
(7.0)
48,138.0
(7,185.0)
(430.0)
(974.0)
(14,165.0)
(15,041.0)
(11,353.0)
(14,763.0)
(18,268.0)
(26,941.0)
(82.0)
5,392.0
(170.0)
(533.0)
525.0
682.0
504.0
3,397.0
532.0
7,905.0
(787.0)
10,140.0
729.0
8,671.0
14,763.6
15,131.8
72.0
(5,705.0)
Mar-26-2003
NC
REP
562.0
9,855.0
10,870.6
11,053.8
1,434.0
(2,772.0)
Mar-15-2004
NC
REP
437.0
6,106.0
8,161.4
8,410.1
(743.0)
(307.0)
Feb-28-2005
NC
REP
429.0
8,149.0
12,572.3
12,701.6
(243.0)
(2,124.0)
Apr-12-2006
NCA
REP
328.0
13,510.0
20,554.5
20,953.3
408.0
(1,951.0)
Feb-28-2007
NC
REP
473.0
22,535.0
30,478.5
30,788.5
(2,010.0)
(1,502.0)
Feb-28-2008
NC
REP
22,937
-3,298
19,639
22,889
-8,211
14,678
21,268
-9,758
11,510
28,498
-10,842
17,656
40,551
-14,910
25,641
48,138
-10,270
37,868
8,475
11,975
11,015
12,396
16,847
25,406
12 months
Dec-31-2006
USD
12 months
Dec-31-2007
USD
Reclassified
12 months
Dec-31-2008
USD
Reclassified
12 months
Dec-31-2009
USD
Reclassified
12 months
Dec-31-2010
USD
Reclassified
12 months
Dec-31-2011
USD
335,086.0
3,652.0
338,738.0
358,600.0
3,106.0
361,706.0
425,071.0
425,071.0
275,564.0
275,564.0
341,578.0
2,419.0
343,997.0
433,526.0
4,111.0
437,637.0
209,667.0
129,071.0
229,113.0
132,593.0
284,724.0
140,347.0
183,816.0
91,748.0
231,513.0
112,484.0
304,035.0
133,602.0
13,490.0
1,181.0
11,416.0
42,393.0
14,022.0
1,469.0
12,250.0
44,091.0
15,004.0
1,451.0
12,379.0
45,223.0
14,000.0
2,021.0
11,917.0
37,571.0
13,912.0
2,144.0
14,760.0
39,127.0
14,179.0
2,081.0
15,583.0
43,544.0
68,480.0
71,832.0
74,057.0
65,509.0
69,943.0
75,387.0
60,591.0
60,761.0
66,290.0
26,239.0
42,541.0
58,215.0
(654.0)
(400.0)
-
(673.0)
-
(548.0)
-
(259.0)
-
(247.0)
-
(654.0)
(400.0)
(673.0)
(548.0)
(259.0)
(247.0)
6,985.0
66,922.0
8,901.0
69,262.0
11,081.0
(143.0)
3,023.0
79,578.0
7,143.0
1,455.0
34,289.0
10,677.0
52,959.0
15,289.0
73,257.0
1,531.0
68,453.0
2,217.0
71,479.0
62.0
3,757.0
83,397.0
488.0
34,777.0
52,959.0
73,257.0
27,902.0
40,551.0
29,864.0
41,615.0
36,530.0
46,867.0
15,119.0
19,658.0
21,561.0
31,398.0
31,051.0
42,206.0
40,551.0
41,615.0
46,867.0
19,658.0
31,398.0
42,206.0
(1,051.0)
39,500.0
(1,005.0)
40,610.0
(1,647.0)
45,220.0
(378.0)
19,280.0
(938.0)
30,460.0
(1,146.0)
41,060.0
Dec-31-2006
USD
Dec-31-2007
USD
Dec-31-2008
USD
Dec-31-2009
USD
Dec-31-2010
USD
Dec-31-2011
USD
28,244
28,244
33,981
519.0
34,500
31,437
570.0
32,007
10,693
169.0
10,862
7,825
7,825
12,664
12,664
25,076.0
3,866.0
28,942.0
30,775.0
5,675.0
36,450.0
18,707.0
5,995.0
24,702.0
22,186.0
5,459.0
27,645.0
25,439.0
6,845.0
32,284.0
30,044.0
8,598.0
38,642.0
10,714.0
3,273.0
4,604.0
75,777.0
11,089.0
2,497.0
1,427.0
85,963.0
11,646.0
2,097.0
1,814.0
72,266.0
11,553.0
3,322.0
1,853.0
55,235.0
12,976.0
3,359.0
628.0
1,912.0
58,984.0
15,024.0
4,549.0
404.0
1,680.0
72,963.0
259,284.0
(145,597.0)
113,687.0
280,340.0
(159,471.0)
120,869.0
270,845.0
(149,499.0)
121,346.0
305,906.0
(166,790.0)
139,116.0
373,938.0
(174,390.0)
199,548.0
393,995.0
(179,331.0)
214,664.0
22,060.0
7,491.0
219,015.0
15,347.0
19,903.0
242,082.0
16,094.0
1,725.0
16,621.0
228,052.0
17,319.0
2,263.0
19,390.0
233,323.0
18,986.0
3,527.0
21,465.0
302,510.0
18,512.0
4,218.0
20,695.0
331,052.0
30,433.0
6,052.0
1,243.0
459.0
8,033.0
2,597.0
48,817.0
29,239.0
12,480.0
2,065.0
318.0
10,654.0
3,556.0
58,312.0
21,190.0
11,901.0
2,032.0
368.0
10,057.0
3,552.0
49,100.0
24,236.0
5,921.0
2,128.0
348.0
8,310.0
11,118.0
52,061.0
30,780.0
6,778.0
2,442.0
345.0
9,812.0
12,476.0
62,633.0
33,969.0
7,123.0
4,280.0
3,431.0
12,727.0
15,975.0
77,505.0
6,425.0
220.0
13,931.0
20,851.0
11,123.0
101,367.0
6,774.0
409.0
13,278.0
22,899.0
14,366.0
116,038.0
6,645.0
380.0
20,729.0
19,726.0
13,949.0
110,529.0
6,761.0
368.0
17,942.0
23,148.0
17,651.0
117,931.0
11,923.0
304.0
19,367.0
35,150.0
20,454.0
149,831.0
9,062.0
260.0
24,994.0
36,618.0
21,869.0
170,308.0
4,786.0
195,207.0
(83,387.0)
(2,762.0)
113,844.0
4,933.0
228,518.0
(113,678.0)
1,989.0
121,762.0
5,314.0
265,680.0
(148,098.0)
(9,931.0)
112,965.0
5,503.0
276,937.0
(166,410.0)
(5,461.0)
110,569.0
9,371.0
298,899.0
(156,608.0)
(4,823.0)
146,839.0
9,512.0
330,939.0
(176,932.0)
(9,123.0)
154,396.0
3,804.0
4,282.0
4,558.0
4,823.0
5,840.0
6,348.0
117,648.0
126,044.0
117,523.0
115,392.0
152,679.0
160,744.0
219,015.0
242,082.0
228,052.0
233,323.0
302,510.0
331,052.0
5,693.4
5,729.0
$19.87
113,844.0
$19.87
8,347.0
(19,897.0)
8,122.0
5,350.0
5,382.0
$22.62
121,762.0
$22.62
9,566.0
(24,934.0)
6,728.0
4,922.9
4,976.0
$22.7
112,965.0
$22.7
9,425.0
(22,582.0)
15,368.0
4,721.3
4,727.0
$23.39
110,569.0
$23.39
9,605.0
(1,257.0)
11,647.0
4,958.6
4,979.0
$29.49
146,839.0
$29.49
15,014.0
7,189.0
13,129.0
4,713.2
4,734.0
$32.61
154,396.0
$32.61
17,033.0
4,369.0
18,330.0
27,232.0
3,804.0
20,382.0
LIFO
(15,900.0)
1,735.0
8,979.0
NA
NA
82,100
306.0
Apr-13-2009
NCA
RUP
25,592.0
4,282.0
13,700.0
LIFO
(25,400.0)
2,226.0
8,863.0
NA
NA
80,800
258.0
Feb-26-2010
NC
RUP
31,936.0
4,558.0
14,458.0
LIFO
(10,000.0)
2,315.0
9,331.0
NA
NA
104,700
219.0
Feb-28-2011
NCA
RUP
34,624.0
4,823.0
15,742.0
LIFO
(17,100.0)
2,835.0
8,718.0
NA
NA
80,700
198.0
Feb-24-2012
NC
RUP
29,376.0
5,840.0
17,429.0
LIFO
(21,300.0)
3,124.0
9,852.0
NA
NA
83,600
152.0
Feb-27-2013
NC
RUP
31,896.0
6,348.0
16,968.0
LIFO
(25,600.0)
3,359.0
11,665.0
NA
NA
82,100
128.0
Feb-26-2014
NC
RUP
12 months
Dec-31-2006
USD
12 months
Dec-31-2007
USD
12 months
Dec-31-2008
USD
12 months
Dec-31-2009
USD
12 months
Dec-31-2010
USD
12 months
Dec-31-2011
USD
39,500.0
11,416.0
11,416.0
40,610.0
12,250.0
12,250.0
45,220.0
12,379.0
12,379.0
19,280.0
11,917.0
11,917.0
30,460.0
14,760.0
14,760.0
41,060.0
15,583.0
15,583.0
1,051.0
(1,531.0)
(579.0)
(2,217.0)
(3,757.0)
-
(714.0)
921.0
(488.0)
(1,401.0)
-
(483.0)
(2,842.0)
-
(596.0)
(273.0)
(108.0)
(181.0)
(1,057.0)
1,160.0
(385.0)
49,286.0
(15,462.0)
934.0
(5,441.0)
72.0
6,228.0
280.0
52,002.0
(15,387.0)
3,530.0
8,641.0
(1,285.0)
(5,415.0)
(509.0)
59,725.0
(629.0)
(3,170.0)
459.0
1,420.0
132.0
28,438.0
1,345.0
(5,863.0)
(1,148.0)
9,943.0
913.0
48,413.0
2,829.0
(7,906.0)
(2,208.0)
8,880.0
222.0
55,345.0
(19,318.0)
(22,491.0)
(26,871.0)
(30,975.0)
3,080.0
(2,604.0)
756.0
(14,230.0)
4,204.0
(3,540.0)
4,995.0
(9,728.0)
5,985.0
(2,740.0)
574.0
(15,499.0)
1,545.0
(2,197.0)
724.0
(22,419.0)
3,261.0
(1,099.0)
505.0
(24,204.0)
11,133.0
(3,666.0)
1,343.0
(22,165.0)
334.0
318.0
652.0
(546.0)
(33.0)
(579.0)
1,211.0
592.0
1,803.0
(996.0)
(209.0)
(1,205.0)
1,210.0
79.0
1,289.0
(1,624.0)
(192.0)
(1,816.0)
1,336.0
225.0
1,561.0
(1,646.0)
(68.0)
(1,714.0)
1,307.0
1,143.0
2,450.0
(2,436.0)
(6,224.0)
(8,660.0)
2,624.0
702.0
3,326.0
(1,103.0)
(266.0)
(1,369.0)
1,173.0
(29,558.0)
1,079.0
(31,822.0)
753.0
(35,734.0)
752.0
(19,703.0)
1,043.0
(13,093.0)
924.0
(22,055.0)
(7,628.0)
(7,621.0)
(8,058.0)
(8,023.0)
(8,498.0)
(9,020.0)
(7,628.0)
(7,621.0)
(270.0)
(8,058.0)
(579.0)
(8,023.0)
(461.0)
(8,498.0)
(156.0)
(9,020.0)
(166.0)
(62.0)
(36,210.0)
(38,345.0)
(44,027.0)
(27,283.0)
(26,924.0)
(28,256.0)
727.0
(427.0)
1,808.0
5,737.0
(2,743.0)
(2,544.0)
520.0
(20,744.0)
(153.0)
(2,868.0)
(85.0)
4,839.0
1,382.0
26,165.0
33,658.6
34,067.4
283.0
73.0
Apr-13-2009
NCA
REP
555.0
26,342.0
40,062.6
40,312.6
(4,884.0)
598.0
Feb-26-2010
NC
REP
650.0
33,941.0
36,694.6
37,115.3
(1,975.0)
(527.0)
Feb-28-2011
NCA
REP
820.0
15,427.0
4,976.9
5,319.4
1,229.0
(153.0)
Feb-24-2012
NC
REP
703.0
18,941.0
18,591.3
18,753.1
(3,475.0)
(6,210.0)
Feb-27-2013
NC
REP
557.0
27,254.0
22,439.0
22,593.4
(808.0)
1,957.0
Feb-26-2014
NC
REP
49,286
-14,230
35,056
52,002
-9,728
42,274
59,725
-15,499
44,226
28,438
-22,419
6,019
48,413
-24,204
24,209
55,345
-22,165
33,180
37,186
39,443
43,792
27,726
21,591
31,075
Pro-Forma
Reclassified
12 months
Dec-31-2012
USD
12 months
Dec-31-2013
USD
419,100.0
8,390.0
427,490.0
390,247.0
3,469.0
393,716.0
413,954
435,233
457,606
481,128
505,860
531,863
299,506.0
127,984.0
282,181.0
111,535.0
285,803
128,151
300,494
134,739
315,941
141,665
332,181
148,947
349,257
156,603
367,210
164,653
13,128.0
1,840.0
15,888.0
38,857.0
12,211.0
1,976.0
17,182.0
36,396.0
12,211
2,227
12,211
2,342
12,211
2,462
12,211
2,589
12,211
2,722
12,211
2,862
36,676
36,959
37,244
37,531
37,820
38,111
69,713.0
67,765.0
51,115
51,512
51,917
52,330
52,753
53,184
58,271.0
43,770.0
77,037
83,227
89,748
96,616
103,851
111,469
2014
2015
2016
2017
2018
2019
USD
USD
USD
USD
USD
USD
(327.0)
(9.0)
-
(327.0)
(9.0)
15,010.0
4,352.0
77,306.0
13,927.0
23.0
57,711.0
9,943
10,454
10,992
11,557
12,151
12,775
86,980
93,681
100,739
108,173
116,001
124,244
1,420.0
78,726.0
57,711.0
86,980
93,681
100,739
108,173
116,001
124,244
31,045.0
47,681.0
24,263.0
33,448.0
36,192
50,787
38,981
54,700
41,918
58,822
45,011
63,162
48,268
67,733
51,698
72,546
47,681.0
33,448.0
50,787
54,700
58,822
63,162
67,733
72,546
(2,801.0)
44,880.0
(868.0)
32,580.0
-1,488
49,300
-1,602
53,098
-1,723
57,099
-1,850
61,312
-1,984
65,749
-2,125
70,422
Dec-31-2012
USD
Dec-31-2013
USD
2014
2015
2016
2017
2018
2019
USD
USD
USD
USD
USD
USD
18,409
26,592
35,333
44,623
54,453
64,809
18,409
26,592
35,333
44,623
54,453
64,809
37,133
39,042
41,048
43,159
45,377
47,710
16,135.0
3,575.0
269.0
1,533.0
59,308.0
17,738
18,650
19,608
20,616
21,676
22,790
4,119
0
1,533
78,931
4,466
0
1,533
90,283
4,842
0
1,533
102,365
5,250
0
1,533
115,181
5,692
0
1,533
128,731
6,171
0
1,533
143,013
409,314.0
(182,365.0)
226,949.0
434,517.0
(190,867.0)
243,650.0
471,106
(190,867)
280,239
510,776
(190,867)
319,909
553,787
(190,867)
362,920
600,419
(190,867)
409,552
650,979
(190,867)
460,112
705,795
(190,867)
514,928
18,967.0
3,269.0
20,150.0
333,795.0
19,734.0
2,822.0
21,294.0
346,808.0
18,243
3,647
19,704
400,764
18,243
3,954
19,704
452,093
18,243
4,287
19,704
507,518
18,243
4,648
19,704
567,327
18,243
5,039
19,704
631,828
18,243
5,463
19,704
701,351
33,789.0
4,130.0
2,628.0
1,025.0
9,758.0
12,809.0
64,139.0
30,920.0
3,883.0
14,774.0
1,034.0
7,831.0
13,282.0
71,724.0
34,235
6,317
0
35,994
6,317
0
37,845
6,317
0
39,790
6,317
0
41,835
6,317
0
43,986
6,317
0
14,851
13,095
68,497
15,995
13,095
71,401
17,200
13,095
74,456
18,469
13,095
77,671
19,806
13,095
81,052
21,213
13,095
84,610
9,582
9,582
4,644
4,644
28,373.0
6,614.0
34,987.0
25,993.0
7,159.0
33,152.0
14,542.0
3,540.0
341.0
1,468.0
64,460.0
21,175
339
20,026
339
18,877
339
17,728
339
16,579
339
15,430
339
50,391
49,285
189,686
57,524
51,818
201,108
65,258
54,482
213,412
73,643
57,282
226,663
82,735
60,227
240,932
92,591
63,322
256,293
10,077
10,077
10,077
10,077
10,077
10,077
429,353
-226,314
-9,106
204,009
477,833
-234,783
-9,574
243,553
530,038
-243,757
-10,066
286,292
586,185
-253,230
-10,584
332,449
646,502
-263,193
-11,128
382,259
711,231
-273,632
-11,700
435,976
6,492.0
7,069
7,432
7,814
8,216
8,638
9,082
171,660.0
180,495.0
211,078
250,985
294,106
340,665
390,897
445,058
333,795.0
346,808.0
400,764
452,093
507,518
567,327
631,828
701,351
4,502.0
4,502.0
$36.84
165,863.0
$36.84
11,581.0
1,999.0
17,727.0
4,321.2
4,335.0
$40.14
174,003.0
$40.14
22,699.0
18,055.0
14,188.0
7,497.0
431.0
25,267.0
37,570.0
27,231.0
162,135.0
6,516.0
375.0
20,646.0
40,530.0
26,522.0
166,313.0
9,653.0
365,727.0
(197,333.0)
(12,184.0)
165,863.0
10,077.0
387,432.0
(212,781.0)
(10,725.0)
174,003.0
5,797.0
30,456.0
5,797.0
18,530.0
LIFO
(21,300.0)
3,706.0
10,836.0
NA
NA
76,900
109.0
Feb-26-2014
NC
REP
30,376.0
6,492.0
19,619.0
LIFO
(21,200.0)
4,018.0
12,117.0
NA
NA
75,000
112.0
Feb-26-2014
O
REP
400,764
12 months
Dec-31-2012
USD
12 months
Dec-31-2013
USD
44,880.0
15,888.0
15,888.0
32,580.0
17,182.0
17,182.0
(13,018.0)
(1,828.0)
-
(1,157.0)
3.0
452,093
507,518
567,327
631,828
701,351
2014
2015
2016
2017
2018
2019
USD
USD
USD
USD
USD
USD
49,300
0
0
53,098
0
0
57,099
0
0
61,312
0
0
65,749
0
0
70,422
0
0
8,950.0
(1,082.0)
(1,873.0)
3,624.0
(42.0)
56,170.0
1,697.0
(305.0)
(1,812.0)
(2,498.0)
(105.0)
44,914.0
-3,981
-1,603
3,315
-1,909
-912
1,760
-2,007
-959
1,850
-2,110
-1,008
1,945
-2,218
-1,060
2,045
-2,333
-1,114
2,150
20,872
67,903
5,540
57,578
6,271
62,255
7,058
67,198
7,905
72,421
8,816
77,942
-36,589
-39,670
-43,011
-46,632
-50,559
-54,817
3,690
3,690
3,690
3,690
3,690
3,690
823
-32,077
823
-35,158
823
-38,498
823
-42,120
823
-46,047
823
-50,304
(34,271.0)
3,600.0
4,055.0
(598.0)
1,613.0
(25,601.0)
(33,669.0)
958.0
995.0
1,953.0
(4,714.0)
(147.0)
(4,861.0)
12,028.0
345.0
12,373.0
(756.0)
(13.0)
(769.0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
193.0
(21,068.0)
50.0
(15,998.0)
(13,533)
(8,469)
(8,974)
(9,473)
(9,963)
(10,440)
(10,092.0)
(10,875.0)
-7,379
-4,618
-4,893
-5,166
-5,433
-5,693
-7,379
-4,618
-4,893
-5,166
-5,433
-5,693
2,707.0
(4,435.0)
1,196.0
(34,201.0)
(10,092.0)
7.0
(10,875.0)
(257.0)
(33,868.0)
(15,476.0)
-22,062
-14,236
-15,016
-15,787
-16,544
-17,281
217.0
(3,082.0)
(175.0)
(4,938.0)
13,765
8,184
8,740
9,290
9,830
10,356
67,903
-32,077
35,826
33,602
57,578
-35,158
22,420
19,722
62,255
-38,498
23,757
19,601
67,198
-42,120
25,078
19,406
72,421
-46,047
26,374
19,142
77,942
-50,304
27,637
18,813
35,826
231,772
18,409
-21,175
229,006
?
21,028
20,898
20,691
20,409
20,059
555.0
24,349.0
14,799.0
15,003.4
3,887.0
(2,908.0)
Feb-26-2014
NC
REP
426.0
25,066.0
7,361.6
7,367.3
4,356.0
11,604.0
Feb-26-2014
O
REP
56,170
-25,601
30,569
44,914
-34,201
10,713
217,382
4,644
-22,324
199,702
46.21
31,160
26,873
20,913
13,087
13,867
14,638
15,395
16,132
Pro-Forma
2020
2021
2022
2023
2024
USD
USD
USD
USD
USD
2025
559,202
587,947
618,170
649,946
683,355
386,085
173,117
405,932
182,016
426,798
191,372
448,737
201,209
471,803
211,552
12,211
3,009
12,211
3,163
12,211
3,326
12,211
3,497
12,211
3,677
38,405
38,701
38,999
39,299
39,602
53,625
54,075
54,536
55,007
55,490
119,492
127,940
136,836
146,202
156,062
2026
2027
13,432
14,122
14,848
15,611
16,414
132,924
142,063
151,684
161,813
172,476
132,924
142,063
151,684
161,813
172,476
55,310
77,614
59,112
82,951
63,116
88,568
67,330
94,483
71,767
100,709
77,614
82,951
88,568
94,483
100,709
-2,273
75,341
-2,430
80,521
-2,594
85,974
-2,767
91,716
-2,950
97,759
2020
2021
2022
2023
2024
USD
USD
USD
USD
USD
75,672
87,018
98,818
111,037
123,632
75,672
87,018
98,818
111,037
123,632
50,162
52,740
55,452
58,302
61,299
23,962
25,193
26,488
27,850
29,281
6,691
0
1,533
158,019
7,254
0
1,533
173,739
7,865
0
1,533
190,156
8,528
0
1,533
207,250
9,246
0
1,533
224,991
765,228
(190,867)
574,361
829,665
(190,867)
638,798
899,528
(190,867)
708,661
975,274
(190,867)
784,407
1,057,398
(190,867)
866,531
18,243
5,923
19,704
776,250
18,243
6,422
19,704
856,906
18,243
6,963
19,704
943,727
18,243
7,549
19,704
1,037,153
18,243
8,185
19,704
1,137,654
46,247
6,317
0
48,624
6,317
0
51,123
6,317
0
53,751
6,317
0
56,514
6,317
0
22,695
13,095
88,353
24,256
13,095
92,291
25,898
13,095
96,433
27,628
13,095
100,790
29,448
13,095
105,374
14,281
339
13,132
339
11,983
339
10,834
339
9,685
339
103,278
66,577
272,829
114,865
70,000
290,627
127,427
73,598
309,780
141,048
77,381
330,392
155,815
81,359
352,571
10,077
10,077
10,077
10,077
10,077
780,628
-284,532
-12,301
493,872
854,967
-295,871
-12,934
556,239
934,534
-307,622
-13,598
623,391
1,019,634
-319,752
-14,297
695,662
1,110,593
-332,224
-15,032
773,414
9,549
10,040
10,556
11,099
11,669
503,421
566,279
633,947
706,760
785,083
776,250
856,906
943,727
1,037,153
1,137,654
776,250
856,906
943,727
1,037,153
1,137,654
2020
2021
2022
2023
2024
USD
USD
USD
USD
USD
75,341
0
0
80,521
0
0
85,974
0
0
91,716
0
0
97,759
0
0
-2,452
-1,171
2,261
-2,578
-1,232
2,377
-2,711
-1,295
2,499
-2,850
-1,362
2,628
-2,997
-1,432
2,763
9,797
83,776
10,854
89,942
11,991
96,459
13,216
103,347
14,535
110,629
-59,432
-64,437
-69,863
-75,746
-82,124
3,690
3,690
3,690
3,690
3,690
823
-54,920
823
-59,925
823
-65,351
823
-71,234
823
-77,612
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(10,900)
(11,339)
(11,751)
(12,131)
(12,472)
-5,944
-6,183
-6,408
-6,615
-6,801
-5,944
-6,183
-6,408
-6,615
-6,801
-17,993
-18,670
-19,307
-19,894
-20,421
10,863
11,346
11,800
12,219
12,595
83,776
-54,920
28,855
18,423
89,942
-59,925
30,017
17,974
96,459
-65,351
31,108
17,471
103,347
-71,234
32,113
16,916
19,642
19,164
18,628
18,036
110,629 Continue FCF Forecasts using TV assumptions

-77,612 FCF grows at "g" and discounted at WACC
33,016
34,007
35,027
36,078
16,312
15,758
15,223
14,706
100 year sum
449,950
96.9461%
(3.28)
200 year sum
463,676
99.9035%
(0.10)
300 year sum
464,103
99.9955%
(0.00)
Terminal Value
464,124
100.0000%
17,392
16,801
16,231
15,680
16,844
17,521
18,158
18,745
19,272
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
umptions
ACC
37,160
38,275
14,207
13,725
DCF per share impact
15,147
14,633
39,423
13,259
40,606
12,808
41,824
12,374
43,079
11,953
44,371
11,548
45,703
11,156
47,074
10,777
48,486
10,411
49,940
10,057
14,136
13,656
13,193
12,745
12,312
11,894
11,490
11,100
10,723
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
51,439
9,716
52,982
9,386
54,571
9,067
56,208
8,759
57,895
8,462
59,631
8,175
61,420
7,897
63,263
7,629
65,161
7,370
67,116
7,120
69,129
6,878
10,359
10,007
9,668
9,339
9,022
8,716
8,420
8,134
7,858
7,591
7,333
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
71,203
6,645
73,339
6,419
75,539
6,201
77,806
5,991
80,140
5,787
82,544
5,591
85,020
5,401
87,571
5,217
90,198
5,040
92,904
4,869
95,691
4,704
7,084
6,844
6,612
6,387
6,170
5,961
5,758
5,563
5,374
5,192
5,015
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
98,562
4,544
101,519
4,390
104,564
4,241
107,701
4,097
110,932
3,958
114,260
3,823
117,688
3,694
121,218
3,568
124,855
3,447
128,601
3,330
132,459
3,217
4,845
4,680
4,522
4,368
4,220
4,076
3,938
3,804
3,675
3,550
3,430
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
136,432
3,108
140,525
3,002
144,741
2,900
149,083
2,802
153,556
2,707
158,163
2,615
162,907
2,526
167,795
2,440
172,829
2,357
178,013
2,277
183,354
2,200
3,313
3,201
3,092
2,987
2,886
2,788
2,693
2,602
2,513
2,428
2,346
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
188,854
2,125
194,520
2,053
200,356
1,983
206,366
1,916
212,557
1,851
218,934
1,788
225,502
1,727
232,267
1,669
239,235
1,612
246,412
1,557
253,805
1,505
2,266
2,189
2,115
2,043
1,974
1,907
1,842
1,779
1,719
1,661
1,604
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
261,419
1,453
269,261
1,404
277,339
1,356
285,659
1,310
294,229
1,266
303,056
1,223
312,148
1,181
321,512
1,141
331,157
1,103
341,092
1,065
351,325
1,029
1,550
1,497
1,446
1,397
1,350
1,304
1,260
1,217
1,176
1,136
1,097
2105
2106
2107
2108
2109
2110
2111
2112
2113
2114
2115
361,865
994
372,720
960
383,902
928
395,419
896
407,282
866
419,500
836
432,085
808
445,048
781
458,399
754
472,151
728
486,316
704
1,060
1,024
989
955
923
892
861
832
804
777
750
2116
2117
2118
2119
2120
2121
2122
2123
2124
2125
2126
500,905
680
515,932
657
531,410
634
547,353
613
563,773
592
580,686
572
598,107
553
616,050
534
634,532
516
653,568
498
673,175
481
725
700
676
653
631
610
589
569
550
531
513
2127
2128
2129
2130
2131
2132
2133
2134
2135
2136
2137
693,370
465
714,171
449
735,596
434
757,664
419
780,394
405
803,806
391
827,920
378
852,757
365
878,340
353
904,690
341
931,831
329
496
479
463
447
432
417
403
389
376
363
351
2138
2139
2140
2141
2142
2143
2144
2145
2146
2147
2148
959,786
318
988,580
307
1,018,237
297
1,048,784
287
1,080,248
277
1,112,655
268
1,146,035
258
1,180,416
250
1,215,828
241
1,252,303
233
1,289,872
225
339
327
316
306
295
285
276
266
257
248
240
2149
2150
2151
2152
2153
2154
2155
2156
2157
2158
2159
1,328,568
217
1,368,425
210
1,409,478
203
1,451,763
196
1,495,315
189
1,540,175
183
1,586,380
177
1,633,972
171
1,682,991
165
1,733,480
159
1,785,485
154
232
224
216
209
202
195
188
182
176
170
164
2160
2161
2162
2163
2164
2165
2166
2167
2168
2169
2170
1,839,049
149
1,894,221
144
1,951,047
139
2,009,579
134
2,069,866
130
2,131,962
125
2,195,921
121
2,261,799
117
2,329,653
113
2,399,542
109
2,471,529
105
159
153
148
143
138
133
129
124
120
116
112
2171
2172
2173
2174
2175
2176
2177
2178
2179
2180
2181
2,545,674
102
2,622,045
98
2,700,706
95
2,781,727
92
2,865,179
89
2,951,134
86
3,039,668
83
3,130,858
80
3,224,784
77
3,321,528
75
3,421,173
72
108
105
101
98
94
91
88
85
82
79
77
2182
2183
2184
2185
2186
2187
2188
2189
2190
2191
2192
3,523,809
70
3,629,523
67
3,738,409
65
3,850,561
63
3,966,078
61
4,085,060
59
4,207,612
57
4,333,840
55
4,463,855
53
4,597,771
51
4,735,704
49
74
72
69
67
65
62
60
58
56
54
52
2193
2194
2195
2196
2197
2198
2199
2200
2201
2202
2203
4,877,775
48
5,024,109
46
5,174,832
44
5,330,077
43
5,489,979
41
5,654,678
40
5,824,319
39
5,999,048
37
6,179,020
36
6,364,390
35
6,555,322
34
51
49
47
46
44
43
41
40
38
37
36
2204
2205
2206
2207
2208
2209
2210
2211
2212
2213
2214
6,751,982
33
6,954,541
31
7,163,178
30
7,378,073
29
7,599,415
28
7,827,397
27
8,062,219
26
8,304,086
26
8,553,209
25
8,809,805
24
9,074,099
23
35
34
32
31
30
29
28
27
26
25
25
2215
2216
2217
2218
2219
2220
2221
2222
2223
2224
2225
9,346,322
22
9,626,712
21
24
23
9,915,513 10,212,978 10,519,368 10,834,949 11,159,997 11,494,797 11,839,641 12,194,830 12,560,675

21
20
19
19
18
17
17
16
16
22
21
21
20
19
19
18
17
17
2226
2227
2228
2229
2230
2231
2232
2233
2234
2235
2236
12,937,495 13,325,620 13,725,389 14,137,150 14,561,265 14,998,103 15,448,046 15,911,487 16,388,832 16,880,497 17,386,912
15
15
14
14
13
13
12
12
12
11
11
16
16
15
15
14
14
13
13
12
12
11
2237
2238
2239
2240
2241
2242
2243
2244
2245
2246
2247
17,908,519 18,445,775 18,999,148 19,569,123 20,156,196 20,760,882 21,383,709 22,025,220 22,685,976 23,366,556 24,067,552
10
10
10
9
9
9
8
8
8
8
7
11
11
10
10
10
2248
2249
2250
2251
2252
2253
2254
2255
2256
2257
2258
24,789,579 25,533,266 26,299,264 27,088,242 27,900,890 28,737,916 29,600,054 30,488,055 31,402,697 32,344,778 33,315,121
7
7
7
6
6
6
6
6
5
5
5
2259
2260
2261
2262
2263
2264
2265
2266
2267
2268
2269
34,314,575 35,344,012 36,404,332 37,496,462 38,621,356 39,779,997 40,973,397 42,202,599 43,468,677 44,772,737 46,115,919
5
5
5
4
4
4
4
4
4
4
3
2270
2271
2272
2273
2274
2275
2276
2277
2278
2279
2280
47,499,397 48,924,379 50,392,110 51,903,873 53,460,990 55,064,819 56,716,764 58,418,267 60,170,815 61,975,939 63,835,217
3
3
3
3
3
3
3
3
3
2
2
2281
2282
2283
2284
2285
2286
2287
2288
2289
2290
2291
65,750,274 67,722,782 69,754,466 71,847,100 74,002,512 76,222,588 78,509,265 80,864,543 83,290,480 85,789,194 88,362,870
2
2
2
2
2
2
2
2
2
2
2
2292
2293
2294
2295
2296
2297
2298
2299
2300
2301
2302
91,013,756 93,744,169 96,556,494 99,453,189

2
2
1
1
###
1
###
1
### 111,935,440
1
1
###
1
###
1
###
1
2303
2304
2305
2306
2307
2308
2309
2310
2311
2312
2313
###
1
###
1
###
1
###
1
###
1
###
1
###
1
###
1
###
1
###
1
###
1
2314
2315
2316
2317
2318
2319
2320
2321
2322
2323
174,391,768
0.73
###
0.70
###
0.68
###
0.66
###
0.63
###
0.61
###
0.59
###
0.57
###
0.55
###
0.53
0.78
0.75
0.72
0.70
0.68
0.65
0.63
0.61
0.59
0.57
2324
2325
###
0.52
###
0.50
0.55
0.53
Template:
Period Type:
Currency:
Units:
Standard
Annual
Reported Currency
Income Statement
Restated
12 months
Dec-31-1997
USD
Restated
12 months
Dec-31-1998
USD
Reclassified
12 months
Dec-31-1999
USD
176,552.0
176,552.0
144,701.0
144,701.0
160,883.0
160,883.0
102,916.0
73,636.0
79,811.0
64,890.0
93,817.0
67,066.0
13,574.0
1,252.0
8,228.0
33,867.0
12,925.0
1,506.0
8,355.0
33,203.0
12,918.0
1,246.0
8,093.0
34,765.0
56,921.0
55,989.0
57,022.0
Operating Income
16,715.0
8,901.0
10,044.0

Currency
Revenue
Other Revenue
Total Revenue
Annual Growth Rate
Cost Of Goods Sold
Gross Profit
R & D Exp.
Interest Expense
Net Interest Exp.
(863.0)
(568.0)
-
(695.0)
-
(863.0)
(568.0)
(695.0)

4,011.0
19,863.0
4,015.0
12,348.0
2,998.0
12,347.0
Other Unusual Items
19,863.0
12,348.0
(427.0)
(625.0)
11,295.0
Income Tax Expense

7,605.0
12,258.0
3,939.0
8,409.0
3,240.0
8,055.0

12,258.0
(70.0)
8,339.0
8,055.0

Net Income
(526.0)
11,732.0
(265.0)
8,074.0
(145.0)
7,910.0
Dec-31-1997
USD
Restated
Dec-31-1998
USD
Dec-31-1999
USD
Balance Sheet
Currency
ASSETS
4,047
15.0
4,062
2,386
50.0
2,436
1,688
73.0
1,761
Accounts Receivable
Other Receivables
Total Receivables
7,989.0
2,713.0
10,702.0
10,862.0
4,967.0
15,829.0
14,605.0
4,550.0
19,155.0
Inventory
Prepaid Exp.
Restricted Cash
5,487.0
941.0
21,192.0
8,692.0
1,637.0
28,594.0
8,492.0
1,733.0
31,141.0
127,778.0
(61,364.0)
66,414.0
182,467.0
(89,884.0)
92,583.0
189,212.0
(95,169.0)
94,043.0
Total Assets
3,755.0
4,703.0
96,064.0
11,612.0
6,546.0
139,335.0
12,289.0
7,048.0
144,521.0
LIABILITIES
Accounts Payable
Accrued Exp.
11,400.0
3,283.0
2,132.0
770.0
2,069.0
19,654.0
17,615.0
5,539.0
6,960.0
1,524.0
2,143.0
33,781.0
19,487.0
6,005.0
10,163.0
407.0
2,671.0
38,733.0

Long-Term Debt
Capital Leases
Total Liabilities
7,050.0
-
8,532.0
-
8,402.0
-
13,452.0
9,877.0
50,033.0
16,749.0
14,526.0
73,588.0
16,251.0
13,981.0
77,367.0
190.0
190.0
746.0
746.0
2,323.0
52,214.0
(9,723.0)
(1,344.0)
43,470.0
4,870.0
75,109.0
(15,831.0)
(2,774.0)
61,374.0
3,403.0
75,055.0
(12,126.0)
(2,866.0)
63,466.0
2,371.0
3,627.0
3,688.0
Total Equity
46,031.0
65,747.0
67,154.0
96,064.0
139,335.0
144,521.0
Supplemental Items
Book Value/Share
Tangible Book Value
Total Debt
Net Debt
4,899.3
4,914.0
$8.85
43,470.0
$8.85
9,952.0
5,890.0
3,866.0
4,855.9
6,916.0
$8.87
61,374.0
$8.87
17,016.0
14,580.0
7,099.0
6,959.8
6,954.0
$9.13
63,466.0
$9.13
18,972.0
17,211.0
3,006.0

Total Pref. Equity
Common Stock
Retained Earnings
Treasury Stock
Total Common Equity
Minority Interest

Inventory Method
LIFO Reserve
Land
Machinery
Full Time Employees
Filing Date
Restatement Type
Calculation Type
22,728.0
2,371.0
3,562.0
LIFO
(2,673.0)
762.0
4,725.0
101,769.0
26,009.0
80,000
80.0
Mar-23-2000
NC
RUP
22,080.0
3,627.0
10,843.0
LIFO
(957.0)
1,155.0
7,537.0
155,310.0
27,157.0
79,000
234.0
Mar-28-2001
RS
RUP
17,376.0
3,688.0
11,325.0
LIFO
(5,898.0)
1,122.0
7,370.0
160,839.0
28,373.0
NA
231.0
Mar-27-2002
NC
RUP
Cash Flow
Currency
Net Income
Restated
12 months
Dec-31-1997
USD
Restated
12 months
Dec-31-1998
USD
12 months
Dec-31-1999
USD
11,732.0
8,228.0
8,228.0
8,074.0
8,355.0
8,355.0
7,910.0
8,304.0
8,304.0
526.0
73.0
265.0
328.0
145.0
146.0

Cash from Ops.
Capital Expenditure
Cash Acquisitions
Divestitures
Cash from Investing
1,427.0
2,078.0
292.0
(2,884.0)
(30.0)
21,442.0
(192.0)
2,170.0
438.0
(3,010.0)
8.0
16,436.0
(1,287.0)
(3,478.0)
50.0
3,046.0
177.0
15,013.0
(11,652.0)
(12,730.0)
(10,849.0)
2,193.0
(1,376.0)
(10,835.0)
1,884.0
(1,472.0)
336.0
(11,982.0)
972.0
(1,495.0)
387.0
(10,985.0)

Total Debt Issued
Total Debt Repaid
1,400.0
1,089.0
2,489.0
(2,591.0)
(806.0)
(3,397.0)
3,314.0
1,384.0
4,698.0
(2,175.0)
(305.0)
(2,480.0)
4,080.0
454.0
4,534.0
(2,359.0)
(341.0)
(2,700.0)

424.0
(3,122.0)
507.0
(3,547.0)
348.0
(670.0)

(5,757.0)
(5,757.0)
(5,843.0)
(5,843.0)
-
(216.0)
(5,872.0)
(5,872.0)
-
(471.0)
(419.0)
Cash from Financing

Net Change in Cash
Supplemental Items
Cash Interest Paid
Cash Taxes Paid
Net Debt Issued
Filing Date
Restatement Type
Calculation Type
Indirect Method
CFO
CAPEX
FCF
Add Cash
Substract Debt
DCF Valuation
Add Cash
Substract Debt
DCF Valuation
(9,579.0)
(7,136.0)
(4,779.0)
(127.0)
901.0
23.0
(2,659.0)
53.0
(698.0)
1,149.0
6,762.0
6,051.5
6,590.9
432.0
(908.0)
Mar-23-2000
RS
REP
1,066.0
4,629.0
350.1
705.1
483.0
2,218.0
Mar-28-2001
RS
REP
882.0
3,805.0
2,942.1
3,376.5
356.0
1,834.0
Mar-27-2002
NC
REP
21,442
-10,835
10,607
16,436
-11,982
4,454
15,013
-10,985
4,028
8,879
9,390
6,542
Restatement:
Order:
Conversion:
Decimals:
Latest Filings
Latest on Right
Historical
Reclassified
12 months
Dec-31-2000
USD
Reclassified
12 months
Dec-31-2001
USD
Reclassified
12 months
Dec-31-2002
USD
Reclassified
12 months
Dec-31-2003
USD
Reclassified
12 months
Dec-31-2004
USD
Reclassified
12 months
Dec-31-2005
USD
205,240.0
205,240.0
186,808.0
1,896.0
188,704.0
178,909.0
1,491.0
180,400.0
213,199.0
2,850.0
216,049.0
263,989.0
1,554.0
265,543.0
328,213.0
2,162.0
330,375.0
126,513.0
78,727.0
108,297.0
80,407.0
107,193.0
73,207.0
127,130.0
88,919.0
160,516.0
105,027.0
209,781.0
120,594.0
12,044.0
936.0
8,001.0
32,708.0
12,325.0
1,175.0
7,848.0
35,653.0
11,770.0
920.0
8,310.0
35,746.0
12,722.0
1,010.0
9,047.0
40,107.0
13,131.0
1,098.0
9,767.0
43,605.0
13,642.0
964.0
10,253.0
44,571.0
53,689.0
57,001.0
56,746.0
62,886.0
67,601.0
69,430.0
25,038.0
23,406.0
16,461.0
26,033.0
37,426.0
51,164.0
(589.0)
(293.0)
-
(398.0)
-
(207.0)
-
(638.0)
-
(496.0)
-
(589.0)
(293.0)
(398.0)
(207.0)
(638.0)
(496.0)
4,250.0
28,699.0
2,174.0
25,287.0
2,066.0
18,129.0
4,373.0
30,199.0
4,961.0
41,749.0
7,583.0
58,251.0
268.0
42,017.0
1,980.0
60,231.0
(748.0)
(410.0)
27,293.0
24,539.0
17,719.0
2,240.0
221.0
32,660.0
11,075.0
16,218.0
8,967.0
15,572.0
6,499.0
11,220.0
11,006.0
21,654.0
15,911.0
26,106.0
23,302.0
36,929.0
184.0
1,730.0
18,132.0
102.0
215.0
15,889.0
449.0
11,669.0
550.0
22,204.0
26,106.0
36,929.0
(412.0)
17,720.0
(569.0)
15,320.0
(209.0)
11,460.0
(694.0)
21,510.0
(776.0)
25,330.0
(799.0)
36,130.0
Dec-31-2000
USD
Dec-31-2001
USD
Dec-31-2002
USD
Dec-31-2003
USD
Dec-31-2004
USD
Dec-31-2005
USD
(1,406.0)
7,080
7,080
6,547
6,547
7,229
7,229
10,626
10,626
18,531
18,531
28,671
28,671
17,568.0
5,428.0
22,996.0
13,597.0
5,952.0
19,549.0
15,317.0
5,846.0
21,163.0
16,766.0
7,543.0
24,309.0
20,712.0
4,647.0
25,359.0
23,858.0
3,626.0
27,484.0
8,304.0
2,019.0
40,399.0
7,904.0
1,681.0
35,681.0
8,068.0
1,831.0
38,291.0
8,957.0
2,068.0
45,960.0
9,487.0
1,175.0
1,221.0
4,604.0
60,377.0
9,321.0
3,262.0
4,604.0
73,342.0
187,746.0
(97,917.0)
89,829.0
190,503.0
(100,901.0)
89,602.0
204,960.0
(110,020.0)
94,940.0
229,315.0
(124,350.0)
104,965.0
242,422.0
(133,783.0)
108,639.0
240,294.0
(133,284.0)
107,010.0
10,604.0
8,168.0
149,000.0
9,455.0
8,436.0
143,174.0
10,947.0
8,466.0
152,644.0
14,431.0
8,922.0
174,278.0
17,472.0
1,406.0
7,362.0
195,256.0
19,428.0
8,555.0
208,335.0
21,332.0
5,423.0
5,511.0
650.0
5,275.0
38,191.0
18,094.0
4,768.0
3,364.0
339.0
3,549.0
30,114.0
20,558.0
4,628.0
3,209.0
884.0
3,896.0
33,175.0
23,071.0
5,374.0
2,886.0
1,903.0
5,152.0
38,386.0
23,837.0
6,055.0
2,672.0
608.0
7,938.0
1,871.0
42,981.0
30,513.0
5,607.0
1,256.0
515.0
8,416.0
46,307.0
7,280.0
-
7,099.0
-
6,655.0
-
4,756.0
-
4,659.0
354.0
16,442.0
13,100.0
75,013.0
16,359.0
13,616.0
67,188.0
16,484.0
18,965.0
75,279.0
20,118.0
17,721.0
80,981.0
21,092.0
20,462.0
89,548.0
6,220.0
10,220.0
20,878.0
9,997.0
93,622.0
3,661.0
86,652.0
(14,132.0)
(5,424.0)
70,757.0
3,789.0
95,718.0
(19,597.0)
(6,749.0)
73,161.0
4,217.0
100,961.0
(24,077.0)
(6,504.0)
74,597.0
4,468.0
115,956.0
(29,361.0)
(1,148.0)
89,915.0
5,067.0
134,390.0
(38,214.0)
513.0
101,756.0
4,477.0
163,335.0
(55,347.0)
(1,279.0)
111,186.0
3,230.0
2,825.0
2,768.0
3,382.0
3,952.0
3,527.0
73,987.0
75,986.0
77,365.0
93,297.0
105,708.0
114,713.0
149,000.0
143,174.0
152,644.0
174,278.0
195,256.0
208,335.0
6,910.8
6,930.0
$10.21
70,757.0
$10.21
13,441.0
6,361.0
4,139.0
6,792.6
6,809.0
$10.74
73,161.0
$10.74
10,802.0
4,255.0
7,249.0
6,689.9
6,700.0
$11.13
74,597.0
$11.13
10,748.0
3,519.0
11,331.0
6,557.5
6,568.0
$13.69
89,915.0
$13.69
9,545.0
(1,081.0)
10,107.0
6,385.4
6,401.0
$15.9
101,756.0
$15.9
8,293.0
(10,238.0)
11,502.0
6,091.2
6,133.0
$18.13
111,186.0
$18.13
7,991.0
(20,680.0)
11,178.0
15,480.0
3,230.0
9,374.0
LIFO
(6,700.0)
1,060.0
7,244.0
158,149.0
29,597.0
NA
258.0
Mar-26-2003
NC
RUP
19,632.0
2,825.0
6,216.0
LIFO
(4,200.0)
1,161.0
6,743.0
160,477.0
30,026.0
97,900
279.0
Mar-15-2004
NC
RUP
18,576.0
2,768.0
6,932.0
LIFO
(6,800.0)
1,241.0
6,827.0
176,242.0
28,718.0
92,500
314.0
Feb-28-2005
NC
RUP
18,384.0
3,382.0
9,545.0
LIFO
(6,800.0)
1,292.0
7,665.0
198,640.0
30,675.0
105,700
358.0
Apr-12-2006
NCA
RUP
19,928.0
3,952.0
15,541.0
LIFO
(9,800.0)
1,351.0
8,136.0
NA
NA
105,200
332.0
Feb-28-2007
NC
RUP
22,320.0
3,527.0
12,116.0
LIFO
(15,400.0)
1,469.0
7,852.0
208,182.0
32,112.0
106,100
321.0
Feb-28-2008
NC
RUP
12 months
Dec-31-2000
USD
12 months
Dec-31-2001
USD
12 months
Dec-31-2002
USD
12 months
Dec-31-2003
USD
12 months
Dec-31-2004
USD
12 months
Dec-31-2005
USD
17,720.0
8,001.0
8,001.0
15,320.0
7,848.0
7,848.0
11,460.0
8,310.0
8,310.0
21,510.0
9,047.0
9,047.0
25,330.0
9,767.0
9,767.0
36,130.0
10,253.0
10,253.0
412.0
(387.0)
569.0
78.0
209.0
1,466.0
(170.0)
694.0
(2,461.0)
(402.0)
776.0
(268.0)
(1,643.0)
799.0
(1,980.0)
(734.0)
(2,887.0)
(4,832.0)
(297.0)
5,411.0
(204.0)
22,937.0
843.0
3,062.0
154.0
(5,103.0)
118.0
22,889.0
(8,446.0)
(9,989.0)
(12,859.0)
(11,986.0)
(13,839.0)
5,770.0
(1,607.0)
985.0
(3,298.0)
1,078.0
(1,035.0)
1,735.0
(8,211.0)
2,793.0
(2,012.0)
898.0
(9,758.0)
2,290.0
(809.0)
536.0
(10,842.0)
2,754.0
(2,287.0)
(3,391.0)
(14,910.0)
6,036.0
(2,810.0)
343.0
(10,270.0)
500.0
238.0
738.0
(5,542.0)
(901.0)
(6,443.0)
705.0
547.0
1,252.0
(3,518.0)
(506.0)
(4,024.0)
751.0
396.0
1,147.0
(1,208.0)
(246.0)
(1,454.0)
715.0
127.0
842.0
(2,052.0)
(914.0)
(2,966.0)
450.0
470.0
920.0
(2,309.0)
(562.0)
(2,871.0)
377.0
195.0
572.0
(1,993.0)
(81.0)
(2,074.0)
493.0
(2,352.0)
301.0
(5,721.0)
299.0
(4,798.0)
434.0
(5,881.0)
960.0
(9,951.0)
941.0
(18,221.0)
(6,123.0)
(6,254.0)
(6,217.0)
(6,515.0)
(6,896.0)
(7,185.0)
(6,123.0)
(11,437.0)
(6,254.0)
(478.0)
(452.0)
(305.0)
353.0
365.0
32.0
21,268.0
(6,217.0)
(595.0)
324.0
(1,286.0)
(100.0)
1,130.0
42.0
28,498.0
(6,515.0)
(330.0)
940.0
(472.0)
(223.0)
6,333.0
11.0
40,551.0
(6,896.0)
(677.0)
5.0
(3,700.0)
(434.0)
7,806.0
(7.0)
48,138.0
(7,185.0)
(430.0)
(974.0)
(14,165.0)
(15,041.0)
(11,353.0)
(14,763.0)
(18,268.0)
(26,941.0)
(82.0)
5,392.0
(170.0)
(533.0)
525.0
682.0
504.0
3,397.0
532.0
7,905.0
(787.0)
10,140.0
729.0
8,671.0
14,763.6
15,131.8
72.0
(5,705.0)
Mar-26-2003
NC
REP
562.0
9,855.0
10,870.6
11,053.8
1,434.0
(2,772.0)
Mar-15-2004
NC
REP
437.0
6,106.0
8,161.4
8,410.1
(743.0)
(307.0)
Feb-28-2005
NC
REP
429.0
8,149.0
12,572.3
12,701.6
(243.0)
(2,124.0)
Apr-12-2006
NCA
REP
328.0
13,510.0
20,554.5
20,953.3
408.0
(1,951.0)
Feb-28-2007
NC
REP
473.0
22,535.0
30,478.5
30,788.5
(2,010.0)
(1,502.0)
Feb-28-2008
NC
REP
22,937
-3,298
19,639
22,889
-8,211
14,678
21,268
-9,758
11,510
28,498
-10,842
17,656
40,551
-14,910
25,641
48,138
-10,270
37,868
8,475
11,975
11,015
12,396
16,847
25,406
12 months
Dec-31-2006
USD
12 months
Dec-31-2007
USD
Reclassified
12 months
Dec-31-2008
USD
Reclassified
12 months
Dec-31-2009
USD
Reclassified
12 months
Dec-31-2010
USD
Reclassified
12 months
Dec-31-2011
USD
335,086.0
3,652.0
338,738.0
358,600.0
3,106.0
361,706.0
425,071.0
425,071.0
275,564.0
275,564.0
341,578.0
2,419.0
343,997.0
433,526.0
4,111.0
437,637.0
209,667.0
129,071.0
229,113.0
132,593.0
284,724.0
140,347.0
183,816.0
91,748.0
231,513.0
112,484.0
304,035.0
133,602.0
13,490.0
1,181.0
11,416.0
42,393.0
14,022.0
1,469.0
12,250.0
44,091.0
15,004.0
1,451.0
12,379.0
45,223.0
14,000.0
2,021.0
11,917.0
37,571.0
13,912.0
2,144.0
14,760.0
39,127.0
14,179.0
2,081.0
15,583.0
43,544.0
68,480.0
71,832.0
74,057.0
65,509.0
69,943.0
75,387.0
60,591.0
60,761.0
66,290.0
26,239.0
42,541.0
58,215.0
(654.0)
(400.0)
-
(673.0)
-
(548.0)
-
(259.0)
-
(247.0)
-
(654.0)
(400.0)
(673.0)
(548.0)
(259.0)
(247.0)
6,985.0
66,922.0
8,901.0
69,262.0
11,081.0
(143.0)
3,023.0
79,578.0
7,143.0
1,455.0
34,289.0
10,677.0
52,959.0
15,289.0
73,257.0
1,531.0
68,453.0
2,217.0
71,479.0
62.0
3,757.0
83,397.0
488.0
34,777.0
52,959.0
73,257.0
27,902.0
40,551.0
29,864.0
41,615.0
36,530.0
46,867.0
15,119.0
19,658.0
21,561.0
31,398.0
31,051.0
42,206.0
40,551.0
41,615.0
46,867.0
19,658.0
31,398.0
42,206.0
(1,051.0)
39,500.0
(1,005.0)
40,610.0
(1,647.0)
45,220.0
(378.0)
19,280.0
(938.0)
30,460.0
(1,146.0)
41,060.0
Dec-31-2006
USD
Dec-31-2007
USD
Dec-31-2008
USD
Dec-31-2009
USD
Dec-31-2010
USD
Dec-31-2011
USD
28,244
28,244
33,981
519.0
34,500
31,437
570.0
32,007
10,693
169.0
10,862
7,825
7,825
12,664
12,664
25,076.0
3,866.0
28,942.0
30,775.0
5,675.0
36,450.0
18,707.0
5,995.0
24,702.0
22,186.0
5,459.0
27,645.0
25,439.0
6,845.0
32,284.0
30,044.0
8,598.0
38,642.0
10,714.0
3,273.0
4,604.0
75,777.0
11,089.0
2,497.0
1,427.0
85,963.0
11,646.0
2,097.0
1,814.0
72,266.0
11,553.0
3,322.0
1,853.0
55,235.0
12,976.0
3,359.0
628.0
1,912.0
58,984.0
15,024.0
4,549.0
404.0
1,680.0
72,963.0
259,284.0
(145,597.0)
113,687.0
280,340.0
(159,471.0)
120,869.0
270,845.0
(149,499.0)
121,346.0
305,906.0
(166,790.0)
139,116.0
373,938.0
(174,390.0)
199,548.0
393,995.0
(179,331.0)
214,664.0
22,060.0
7,491.0
219,015.0
15,347.0
19,903.0
242,082.0
16,094.0
1,725.0
16,621.0
228,052.0
17,319.0
2,263.0
19,390.0
233,323.0
18,986.0
3,527.0
21,465.0
302,510.0
18,512.0
4,218.0
20,695.0
331,052.0
30,433.0
6,052.0
1,243.0
459.0
8,033.0
2,597.0
48,817.0
29,239.0
12,480.0
2,065.0
318.0
10,654.0
3,556.0
58,312.0
21,190.0
11,901.0
2,032.0
368.0
10,057.0
3,552.0
49,100.0
24,236.0
5,921.0
2,128.0
348.0
8,310.0
11,118.0
52,061.0
30,780.0
6,778.0
2,442.0
345.0
9,812.0
12,476.0
62,633.0
33,969.0
7,123.0
4,280.0
3,431.0
12,727.0
15,975.0
77,505.0
6,425.0
220.0
13,931.0
20,851.0
11,123.0
101,367.0
6,774.0
409.0
13,278.0
22,899.0
14,366.0
116,038.0
6,645.0
380.0
20,729.0
19,726.0
13,949.0
110,529.0
6,761.0
368.0
17,942.0
23,148.0
17,651.0
117,931.0
11,923.0
304.0
19,367.0
35,150.0
20,454.0
149,831.0
9,062.0
260.0
24,994.0
36,618.0
21,869.0
170,308.0
4,786.0
195,207.0
(83,387.0)
(2,762.0)
113,844.0
4,933.0
228,518.0
(113,678.0)
1,989.0
121,762.0
5,314.0
265,680.0
(148,098.0)
(9,931.0)
112,965.0
5,503.0
276,937.0
(166,410.0)
(5,461.0)
110,569.0
9,371.0
298,899.0
(156,608.0)
(4,823.0)
146,839.0
9,512.0
330,939.0
(176,932.0)
(9,123.0)
154,396.0
3,804.0
4,282.0
4,558.0
4,823.0
5,840.0
6,348.0
117,648.0
126,044.0
117,523.0
115,392.0
152,679.0
160,744.0
219,015.0
242,082.0
228,052.0
233,323.0
302,510.0
331,052.0
5,693.4
5,729.0
$19.87
113,844.0
$19.87
8,347.0
(19,897.0)
8,122.0
5,350.0
5,382.0
$22.62
121,762.0
$22.62
9,566.0
(24,934.0)
6,728.0
4,922.9
4,976.0
$22.7
112,965.0
$22.7
9,425.0
(22,582.0)
15,368.0
4,721.3
4,727.0
$23.39
110,569.0
$23.39
9,605.0
(1,257.0)
11,647.0
4,958.6
4,979.0
$29.49
146,839.0
$29.49
15,014.0
7,189.0
13,129.0
4,713.2
4,734.0
$32.61
154,396.0
$32.61
17,033.0
4,369.0
18,330.0
27,232.0
3,804.0
20,382.0
LIFO
(15,900.0)
1,735.0
8,979.0
NA
NA
82,100
306.0
Apr-13-2009
NCA
RUP
25,592.0
4,282.0
13,700.0
LIFO
(25,400.0)
2,226.0
8,863.0
NA
NA
80,800
258.0
Feb-26-2010
NC
RUP
31,936.0
4,558.0
14,458.0
LIFO
(10,000.0)
2,315.0
9,331.0
NA
NA
104,700
219.0
Feb-28-2011
NCA
RUP
34,624.0
4,823.0
15,742.0
LIFO
(17,100.0)
2,835.0
8,718.0
NA
NA
80,700
198.0
Feb-24-2012
NC
RUP
29,376.0
5,840.0
17,429.0
LIFO
(21,300.0)
3,124.0
9,852.0
NA
NA
83,600
152.0
Feb-27-2013
NC
RUP
31,896.0
6,348.0
16,968.0
LIFO
(25,600.0)
3,359.0
11,665.0
NA
NA
82,100
128.0
Feb-26-2014
NC
RUP
12 months
Dec-31-2006
USD
12 months
Dec-31-2007
USD
12 months
Dec-31-2008
USD
12 months
Dec-31-2009
USD
12 months
Dec-31-2010
USD
12 months
Dec-31-2011
USD
39,500.0
11,416.0
11,416.0
40,610.0
12,250.0
12,250.0
45,220.0
12,379.0
12,379.0
19,280.0
11,917.0
11,917.0
30,460.0
14,760.0
14,760.0
41,060.0
15,583.0
15,583.0
1,051.0
(1,531.0)
(579.0)
(2,217.0)
(3,757.0)
-
(714.0)
921.0
(488.0)
(1,401.0)
-
(483.0)
(2,842.0)
-
(596.0)
(273.0)
(108.0)
(181.0)
(1,057.0)
1,160.0
(385.0)
49,286.0
(15,462.0)
934.0
(5,441.0)
72.0
6,228.0
280.0
52,002.0
(15,387.0)
3,530.0
8,641.0
(1,285.0)
(5,415.0)
(509.0)
59,725.0
(629.0)
(3,170.0)
459.0
1,420.0
132.0
28,438.0
1,345.0
(5,863.0)
(1,148.0)
9,943.0
913.0
48,413.0
2,829.0
(7,906.0)
(2,208.0)
8,880.0
222.0
55,345.0
(19,318.0)
(22,491.0)
(26,871.0)
(30,975.0)
3,080.0
(2,604.0)
756.0
(14,230.0)
4,204.0
(3,540.0)
4,995.0
(9,728.0)
5,985.0
(2,740.0)
574.0
(15,499.0)
1,545.0
(2,197.0)
724.0
(22,419.0)
3,261.0
(1,099.0)
505.0
(24,204.0)
11,133.0
(3,666.0)
1,343.0
(22,165.0)
334.0
318.0
652.0
(546.0)
(33.0)
(579.0)
1,211.0
592.0
1,803.0
(996.0)
(209.0)
(1,205.0)
1,210.0
79.0
1,289.0
(1,624.0)
(192.0)
(1,816.0)
1,336.0
225.0
1,561.0
(1,646.0)
(68.0)
(1,714.0)
1,307.0
1,143.0
2,450.0
(2,436.0)
(6,224.0)
(8,660.0)
2,624.0
702.0
3,326.0
(1,103.0)
(266.0)
(1,369.0)
1,173.0
(29,558.0)
1,079.0
(31,822.0)
753.0
(35,734.0)
752.0
(19,703.0)
1,043.0
(13,093.0)
924.0
(22,055.0)
(7,628.0)
(7,621.0)
(8,058.0)
(8,023.0)
(8,498.0)
(9,020.0)
(7,628.0)
(7,621.0)
(270.0)
(8,058.0)
(579.0)
(8,023.0)
(461.0)
(8,498.0)
(156.0)
(9,020.0)
(166.0)
(62.0)
(36,210.0)
(38,345.0)
(44,027.0)
(27,283.0)
(26,924.0)
(28,256.0)
727.0
(427.0)
1,808.0
5,737.0
(2,743.0)
(2,544.0)
520.0
(20,744.0)
(153.0)
(2,868.0)
(85.0)
4,839.0
1,382.0
26,165.0
33,658.6
34,067.4
283.0
73.0
Apr-13-2009
NCA
REP
555.0
26,342.0
40,062.6
40,312.6
(4,884.0)
598.0
Feb-26-2010
NC
REP
650.0
33,941.0
36,694.6
37,115.3
(1,975.0)
(527.0)
Feb-28-2011
NCA
REP
820.0
15,427.0
4,976.9
5,319.4
1,229.0
(153.0)
Feb-24-2012
NC
REP
703.0
18,941.0
18,591.3
18,753.1
(3,475.0)
(6,210.0)
Feb-27-2013
NC
REP
557.0
27,254.0
22,439.0
22,593.4
(808.0)
1,957.0
Feb-26-2014
NC
REP
49,286
-14,230
35,056
52,002
-9,728
42,274
59,725
-15,499
44,226
28,438
-22,419
6,019
48,413
-24,204
24,209
55,345
-22,165
33,180
37,186
39,443
43,792
27,726
21,591
31,075
Pro-Forma
Reclassified
12 months
Dec-31-2012
USD
12 months
Dec-31-2013
USD
419,100.0
8,390.0
427,490.0
390,247.0
3,469.0
393,716.0
299,506.0
127,984.0
282,181.0
111,535.0
13,128.0
1,840.0
15,888.0
38,857.0
12,211.0
1,976.0
17,182.0
36,396.0
69,713.0
58,271.0
2014
2015
2016
2017
2018
2019
USD
USD
USD
USD
USD
USD
413,954
5.14%
285,803
128,151
434,428
4.95%
299,938
134,489
455,068
4.75%
314,189
140,879
475,804
4.56%
328,505
147,298
496,559
4.36%
342,835
153,724
517,252
4.17%
357,122
160,130
12,211
2,227
12,211
2,337
12,211
2,448
12,211
2,560
12,211
2,672
12,211
2,783
19,442
36,676
20,846
36,959
22,383
37,244
24,066
37,531
25,904
37,820
27,910
38,111
67,765.0
70,557
72,353
74,287
76,367
78,606
81,015
43,770.0
57,594
62,136
66,593
70,931
75,117
79,115
(327.0)
(9.0)
-
(327.0)
(9.0)
15,010.0
4,352.0
77,306.0
13,927.0
23.0
57,711.0
9,943
10,435
10,931
11,429
11,927
12,424
67,537
72,571
77,523
82,360
87,045
91,539
1,420.0
78,726.0
57,711.0
67,537
72,571
77,523
82,360
87,045
91,539
31,045.0
47,681.0
24,263.0
33,448.0
28,102
39,435
30,197
42,374
32,257
45,266
34,270
48,090
36,219
50,825
38,089
53,450
47,681.0
33,448.0
39,435
42,374
45,266
48,090
50,825
53,450
(2,801.0)
44,880.0
(868.0)
32,580.0
-1,155
38,280
-1,241
41,133
-1,326
43,940
-1,409
46,681
-1,489
49,337
-1,565
51,884
Dec-31-2012
USD
Dec-31-2013
USD
2014
2015
2016
2017
2018
2019
USD
USD
USD
USD
USD
USD
19,077
29,258
39,966
51,124
62,636
74,396
19,077
29,258
39,966
51,124
62,636
74,396
37,133
38,969
40,821
42,681
44,543
46,399
16,135.0
3,575.0
269.0
1,533.0
59,308.0
17,738
18,615
19,499
20,388
21,277
22,164
4,119
0
1,533
79,600
4,466
0
1,533
92,841
4,842
0
1,533
106,662
5,250
0
1,533
120,975
5,692
0
1,533
135,681
6,171
0
1,533
150,663
409,314.0
(182,365.0)
226,949.0
434,517.0
(190,867.0)
243,650.0
471,106
(210,309)
260,797
510,776
(231,155)
279,621
553,787
(253,538)
300,249
600,419
(277,604)
322,815
650,979
(303,508)
347,471
705,795
(331,418)
374,377
18,967.0
3,269.0
20,150.0
333,795.0
19,734.0
2,822.0
21,294.0
346,808.0
18,243
3,647
19,704
381,991
18,243
3,954
19,704
414,363
18,243
4,287
19,704
449,144
18,243
4,648
19,704
486,385
18,243
5,039
19,704
526,137
18,243
5,463
19,704
568,450
33,789.0
4,130.0
2,628.0
1,025.0
9,758.0
12,809.0
64,139.0
30,920.0
3,883.0
14,774.0
1,034.0
7,831.0
13,282.0
71,724.0
34,235
6,317
0
35,928
6,317
0
37,635
6,317
0
39,350
6,317
0
41,066
6,317
0
42,777
6,317
0
11,531
13,095
65,177
12,391
13,095
67,730
13,236
13,095
70,282
14,062
13,095
72,823
14,862
13,095
75,339
15,629
13,095
77,818
9,582
9,582
4,644
4,644
28,373.0
6,614.0
34,987.0
25,993.0
7,159.0
33,152.0
14,542.0
3,540.0
341.0
1,468.0
64,460.0
21,175
339
20,026
339
18,877
339
17,728
339
16,579
339
15,430
339
46,895
49,285
182,870
50,280
51,722
190,096
53,989
54,179
197,666
58,047
56,648
205,585
62,480
59,119
213,856
67,318
61,583
222,488
10,077
10,077
10,077
10,077
10,077
10,077
418,002
-226,921
-9,106
192,051
453,529
-237,201
-9,556
216,848
491,602
-247,962
-10,011
243,707
532,194
-259,129
-10,467
272,675
575,266
-270,618
-10,923
303,801
620,763
-282,332
-11,378
337,129
6,492.0
7,069
7,418
7,771
8,125
8,479
8,833
171,660.0
180,495.0
199,120
224,266
251,477
280,800
312,281
345,962
333,795.0
346,808.0
381,991
414,363
449,144
486,385
526,137
568,450
4,502.0
4,502.0
$36.84
165,863.0
$36.84
11,581.0
1,999.0
17,727.0
4,321.2
4,335.0
$40.14
174,003.0
$40.14
22,699.0
18,055.0
14,188.0
7,497.0
431.0
25,267.0
37,570.0
27,231.0
162,135.0
6,516.0
375.0
20,646.0
40,530.0
26,522.0
166,313.0
9,653.0
365,727.0
(197,333.0)
(12,184.0)
165,863.0
10,077.0
387,432.0
(212,781.0)
(10,725.0)
174,003.0
5,797.0
30,456.0
5,797.0
18,530.0
LIFO
(21,300.0)
3,706.0
10,836.0
NA
NA
76,900
109.0
Feb-26-2014
NC
REP
30,376.0
6,492.0
19,619.0
LIFO
(21,200.0)
4,018.0
12,117.0
NA
NA
75,000
112.0
Feb-26-2014
O
REP
381,991
12 months
Dec-31-2012
USD
12 months
Dec-31-2013
USD
44,880.0
15,888.0
15,888.0
32,580.0
17,182.0
17,182.0
(13,018.0)
(1,828.0)
-
(1,157.0)
3.0
414,363
449,144
486,385
526,137
568,450
2014
2015
2016
2017
2018
2019
USD
USD
USD
USD
USD
USD
38,280
19,442
19,442
41,133
20,846
20,846
43,940
22,383
22,383
46,681
24,066
24,066
49,337
25,904
25,904
51,884
27,910
27,910
8,950.0
(1,082.0)
(1,873.0)
3,624.0
(42.0)
56,170.0
1,697.0
(305.0)
(1,812.0)
(2,498.0)
(105.0)
44,914.0
-3,981
-1,603
3,315
-1,837
-877
1,693
-1,852
-884
1,707
-1,860
-889
1,715
-1,862
-889
1,716
-1,856
-887
1,711
14,057
69,510
1,415
62,373
1,689
66,984
1,969
71,683
2,257
76,462
2,552
81,314
-36,589
-39,670
-43,011
-46,632
-50,559
-54,817
3,690
3,690
3,690
3,690
3,690
3,690
823
-32,077
823
-35,158
823
-38,498
823
-42,120
823
-46,047
823
-50,304
(34,271.0)
3,600.0
4,055.0
(598.0)
1,613.0
(25,601.0)
(33,669.0)
958.0
995.0
1,953.0
(4,714.0)
(147.0)
(4,861.0)
12,028.0
345.0
12,373.0
(756.0)
(13.0)
(769.0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
193.0
(21,068.0)
50.0
(15,998.0)
(14,140)
(10,280)
(10,760)
(11,167)
(11,489)
(11,714)
(10,092.0)
(10,875.0)
-7,710
-5,606
-5,867
-6,089
-6,265
-6,387
-7,710
-5,606
-5,867
-6,089
-6,265
-6,387
2,707.0
(4,435.0)
1,196.0
(34,201.0)
(10,092.0)
7.0
(10,875.0)
(257.0)
(33,868.0)
(15,476.0)
-23,000
-17,035
-17,777
-18,405
-18,903
-19,250
217.0
(3,082.0)
(175.0)
(4,938.0)
14,433
10,180
10,709
11,157
11,512
11,760
69,510
-32,077
37,433
35,109
62,373
-35,158
27,215
23,941
66,984
-38,498
28,485
23,502
71,683
-42,120
29,563
22,876
76,462
-46,047
30,415
22,075
81,314
-50,304
31,010
21,109
24,391
23,536
22,506
555.0
24,349.0
14,799.0
15,003.4
3,887.0
(2,908.0)
Feb-26-2014
NC
REP
426.0
25,066.0
7,361.6
7,367.3
4,356.0
11,604.0
Feb-26-2014
O
REP
56,170
-25,601
30,569
44,914
-34,201
10,713
639,148
4,644
-22,324
621,468
143.82
663,825 Previous DCF

154 Previous DCF per share
37,433
25,525
25,058
681,460
19,077
-21,175
679,362
?
31,160
26,873
21,851
15,886
16,628
17,256
17,754
18,101
Pro-Forma
2020
2021
2022
2023
2024
USD
USD
USD
USD
USD
537,802
3.97%
371,310
166,492
558,122
3.78%
385,340
172,782
578,124
3.58%
399,149
178,974
597,717
3.39%
412,677
185,040
616,812
3.19%
425,860
190,951
12,211
2,894
12,211
3,003
12,211
3,110
12,211
3,216
12,211
3,319
30,097
38,405
32,479
38,701
35,073
38,999
37,895
39,299
40,963
39,602
83,606
86,394
89,393
92,621
96,095
82,886
86,389
89,581
92,419
94,857
12,918
13,406
13,886
14,357
14,816
95,804
99,795
103,468
106,776
109,672
95,804
99,795
103,468
106,776
109,672
39,864
55,940
41,524
58,270
43,053
60,415
44,430
62,347
45,634
64,038
55,940
58,270
60,415
62,347
64,038
-1,638
54,301
-1,707
56,563
-1,769
58,645
-1,826
60,521
-1,876
62,162
2020
2021
2022
2023
2024
USD
USD
USD
USD
USD
86,280
98,151
109,854
121,214
132,042
86,280
98,151
109,854
121,214
132,042
48,242
50,065
51,859
53,617
55,330
23,045
23,915
24,772
25,612
26,430
6,691
0
1,533
165,791
7,254
0
1,533
180,919
7,865
0
1,533
195,883
8,528
0
1,533
210,504
9,246
0
1,533
224,580
765,228
(361,514)
403,713
829,665
(393,993)
435,671
899,528
(429,066)
470,462
975,274
(466,961)
508,313
1,057,398
(507,924)
549,474
18,243
5,923
19,704
613,375
18,243
6,422
19,704
660,959
18,243
6,963
19,704
711,255
18,243
7,549
19,704
764,313
18,243
8,185
19,704
820,186
44,477
6,317
0
46,157
6,317
0
47,812
6,317
0
49,432
6,317
0
51,011
6,317
0
16,357
13,095
80,246
17,039
13,095
82,607
17,666
13,095
84,889
18,231
13,095
87,074
18,725
13,095
89,148
14,281
339
13,132
339
11,983
339
10,834
339
9,685
339
72,593
64,030
231,488
78,340
66,449
240,867
84,596
68,830
250,637
91,402
71,163
260,812
98,803
73,436
271,411
10,077
10,077
10,077
10,077
10,077
668,615
-294,159
-11,830
372,702
718,736
-305,974
-12,277
410,562
771,022
-317,635
-12,717
450,746
825,353
-328,987
-13,148
493,294
881,589
-339,855
-13,569
538,242
9,184
9,531
9,872
10,207
10,533
381,886
420,092
460,618
503,501
548,775
613,375
660,959
711,255
764,313
820,186
613,375
660,959
711,255
764,313
820,186
2020
2021
2022
2023
2024
USD
USD
USD
USD
USD
54,301
30,097
30,097
56,563
32,479
32,479
58,645
35,073
35,073
60,521
37,895
37,895
62,162
40,963
40,963
-1,843
-881
1,699
-1,823
-871
1,680
-1,794
-857
1,654
-1,758
-840
1,620
-1,713
-818
1,579
2,857
86,230
3,173
91,202
3,502
96,223
3,847
101,285
4,209
106,382
-59,432
-64,437
-69,863
-75,746
-82,124
3,690
3,690
3,690
3,690
3,690
823
-54,920
823
-59,925
823
-65,351
823
-71,234
823
-77,612
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(1,149)
-1,149
(11,827)
(11,815)
(11,662)
(11,352)
(10,868)
-6,449
-6,443
-6,359
-6,190
-5,926
-6,449
-6,443
-6,359
-6,190
-5,926
-19,425
-19,406
-19,170
-18,691
-17,943
11,885
11,871
11,702
11,361
10,827
86,230
-54,920
31,310
19,990
91,202
-59,925
31,277
18,729
96,223
-65,351
30,872
17,339
101,285
-71,234
30,051
15,830
21,313
19,969
18,487
16,878
Terminal Value
106,382 Note: TV is itself a PV where time = 0 is the same as the
-77,612 In this case, time = 0 is in 2024
28,770
818,603
14,214
404,434
15,155
431,208
18,276
18,257
18,021
17,542
16,794
is the same as the FCF input
Present Value of a Perpetuity

Periodic Cash Flow
Discount Rate
PV of a Perpetuity
10%
$0.00
Present Value of a Constant Growth Perpetuity

Periodic Cash Flow
Growth Rate
5.000000%
Discount Rate
10%
PV Constant Growth Perpetuity
$0.00
Thought Exercise: Constant Growth
We have a family business that started in year 0.
We make hats.
In year 0 we made 1 hat.
Our production has grown at the following per annum rates ever since:
Annual Growth Rate
Initial Hats
1%
2%
3%
Example ->
0.0000000000
What if 9.9%? 9.9999999% 10%? 11%?

0.0000000000
um rates ever since:

Current Hats
0
0
0
1
$0.00
10%
0.00
2
$0.00
10%
0.00
1
$0.00
10%
0.00
2
$0.00
10%
0.00
3
$0.00
10%
0.00
4
$0.00
10%
0.00
5
$0.00
10%
0.00
6
$0.00
10%
0.00
7
$0.00
10%
0.00
8
$0.00
10%
0.00
3
$0.00
10%
0.00
4
$0.00
10%
0.00
5
$0.00
10%
0.00
6
$0.00
10%
0.00
7
$0.00
10%
0.00
8
$0.00
10%
0.00
9
$0.00
10%
0.00
10
$0.00
10%
0.00
11
$0.00
10%
0.00
12
$0.00
10%
0.00
13
$0.00
10%
0.00
14
$0.00
10%
0.00
9
$0.00
10%
0.00
10
$0.00
10%
0.00
11
$0.00
10%
0.00
12
$0.00
10%
0.00
13
$0.00
10%
0.00
14
$0.00
10%
0.00
15
$0.00
10%
0.00
16
$0.00
10%
0.00
17
$0.00
10%
0.00
18
$0.00
10%
0.00
19
$0.00
10%
0.00
20
$0.00
10%
0.00
15
$0.00
10%
0.00
16
$0.00
10%
0.00
17
$0.00
10%
0.00
18
$0.00
10%
0.00
19
$0.00
10%
0.00
20
$0.00
10%
0.00
21
$0.00
10%
0.00
22
$0.00
10%
0.00
23
$0.00
10%
0.00
24
$0.00
10%
0.00
25
$0.00
10%
0.00
26
$0.00
10%
0.00
21
$0.00
10%
0.00
22
$0.00
10%
0.00
23
$0.00
10%
0.00
24
$0.00
10%
0.00
25
$0.00
10%
0.00
26
$0.00
10%
0.00
27
$0.00
10%
0.00
28
$0.00
10%
0.00
29
$0.00
10%
0.00
30
$0.00
10%
0.00
31
$0.00
10%
0.00
32
$0.00
10%
0.00
27
$0.00
10%
0.00
28
$0.00
10%
0.00
29
$0.00
10%
0.00
30
$0.00
10%
0.00
31
$0.00
10%
0.00
32
$0.00
10%
0.00
33
$0.00
10%
0.00
34
$0.00
10%
0.00
35
$0.00
10%
0.00
36
$0.00
10%
0.00
37
$0.00
10%
0.00
38
$0.00
10%
0.00
33
$0.00
10%
0.00
34
$0.00
10%
0.00
35
$0.00
10%
0.00
36
$0.00
10%
0.00
37
$0.00
10%
0.00
38
$0.00
10%
0.00
39
$0.00
10%
0.00
40
$0.00
10%
0.00
41
$0.00
10%
0.00
42
$0.00
10%
0.00
43
$0.00
10%
0.00
44
$0.00
10%
0.00
39
$0.00
10%
0.00
40
$0.00
10%
0.00
41
$0.00
10%
0.00
42
$0.00
10%
0.00
43
$0.00
10%
0.00
44
$0.00
10%
0.00
45
$0.00
10%
0.00
46
$0.00
10%
0.00
47
$0.00
10%
0.00
48
$0.00
10%
0.00
49
$0.00
10%
0.00
50
$0.00
10%
0.00
45
$0.00
10%
0.00
46
$0.00
10%
0.00
47
$0.00
10%
0.00
48
$0.00
10%
0.00
49
$0.00
10%
0.00
50
$0.00
10%
0.00
51
$0.00
10%
0.00
52
$0.00
10%
0.00
53
$0.00
10%
0.00
54
$0.00
10%
0.00
55
$0.00
10%
0.00
56
$0.00
10%
0.00
51
$0.00
10%
0.00
52
$0.00
10%
0.00
53
$0.00
10%
0.00
54
$0.00
10%
0.00
55
$0.00
10%
0.00
56
$0.00
10%
0.00
57
$0.00
10%
0.00
58
$0.00
10%
0.00
59
$0.00
10%
0.00
60
$0.00
10%
0.00
61
$0.00
10%
0.00
62
$0.00
10%
0.00
57
$0.00
10%
0.00
58
$0.00
10%
0.00
59
$0.00
10%
0.00
60
$0.00
10%
0.00
61
$0.00
10%
0.00
62
$0.00
10%
0.00
63
$0.00
10%
0.00
64
$0.00
10%
0.00
65
$0.00
10%
0.00
66
$0.00
10%
0.00
67
$0.00
10%
0.00
68
$0.00
10%
0.00
63
$0.00
10%
0.00
64
$0.00
10%
0.00
65
$0.00
10%
0.00
66
$0.00
10%
0.00
67
$0.00
10%
0.00
68
$0.00
10%
0.00
69
$0.00
10%
0.00
70
$0.00
10%
0.00
71
$0.00
10%
0.00
72
$0.00
10%
0.00
73
$0.00
10%
0.00
74
$0.00
10%
0.00
69
$0.00
10%
0.00
70
$0.00
10%
0.00
71
$0.00
10%
0.00
72
$0.00
10%
0.00
73
$0.00
10%
0.00
74
$0.00
10%
0.00
75
$0.00
10%
0.00
76
$0.00
10%
0.00
77
$0.00
10%
0.00
78
$0.00
10%
0.00
79
$0.00
10%
0.00
80
$0.00
10%
0.00
75
$0.00
10%
0.00
76
$0.00
10%
0.00
77
$0.00
10%
0.00
78
$0.00
10%
0.00
79
$0.00
10%
0.00
80
$0.00
10%
0.00
81
$0.00
10%
0.00
82
$0.00
10%
0.00
83
$0.00
10%
0.00
84
$0.00
10%
0.00
85
$0.00
10%
0.00
86
$0.00
10%
0.00
81
$0.00
10%
0.00
82
$0.00
10%
0.00
83
$0.00
10%
0.00
84
$0.00
10%
0.00
85
$0.00
10%
0.00
86
$0.00
10%
0.00
87
$0.00
10%
0.00
88
$0.00
10%
0.00
89
$0.00
10%
0.00
90
$0.00
10%
0.00
91
$0.00
10%
0.00
92
$0.00
10%
0.00
87
$0.00
10%
0.00
88
$0.00
10%
0.00
89
$0.00
10%
0.00
90
$0.00
10%
0.00
91
$0.00
10%
0.00
92
$0.00
10%
0.00
93
$0.00
10%
0.00
94
$0.00
10%
0.00
95
$0.00
10%
0.00
96
$0.00
10%
0.00
97
$0.00
10%
0.00
98
$0.00
10%
0.00
93
$0.00
10%
0.00
94
$0.00
10%
0.00
95
$0.00
10%
0.00
96
$0.00
10%
0.00
97
$0.00
10%
0.00
98
$0.00
10%
0.00
99
$0.00
10%
0.00
100
$0.00
10%
0.00
101
$0.00
10%
0.00
102
$0.00
10%
0.00
103
$0.00
10%
0.00
104
$0.00
10%
0.00
99
$0.00
10%
0.00
100
$0.00
10%
0.00
101
$0.00
10%
0.00
102
$0.00
10%
0.00
103
$0.00
10%
0.00
104
$0.00
10%
0.00
105
$0.00
10%
0.00
106
$0.00
10%
0.00
107
$0.00
10%
0.00
108
$0.00
10%
0.00
109
$0.00
10%
0.00
110
$0.00
10%
0.00
105
$0.00
10%
0.00
106
$0.00
10%
0.00
107
$0.00
10%
0.00
108
$0.00
10%
0.00
109
$0.00
10%
0.00
110
$0.00
10%
0.00
111
$0.00
10%
0.00
112
$0.00
10%
0.00
113
$0.00
10%
0.00
114
$0.00
10%
0.00
115
$0.00
10%
0.00
116
$0.00
10%
0.00
111
$0.00
10%
0.00
112
$0.00
10%
0.00
113
$0.00
10%
0.00
114
$0.00
10%
0.00
115
$0.00
10%
0.00
116
$0.00
10%
0.00
117
$0.00
10%
0.00
118
$0.00
10%
0.00
119
$0.00
10%
0.00
120
$0.00
10%
0.00
121
$0.00
10%
0.00
122
$0.00
10%
0.00
117
$0.00
10%
0.00
118
$0.00
10%
0.00
119
$0.00
10%
0.00
120
$0.00
10%
0.00
121
$0.00
10%
0.00
122
$0.00
10%
0.00
123
$0.00
10%
0.00
124
$0.00
10%
0.00
125
$0.00
10%
0.00
126
$0.00
10%
0.00
127
$0.00
10%
0.00
128
$0.00
10%
0.00
123
$0.00
10%
0.00
124
$0.00
10%
0.00
125
$0.00
10%
0.00
126
$0.00
10%
0.00
127
$0.00
10%
0.00
128
$0.00
10%
0.00
129
$0.00
10%
0.00
130
$0.00
10%
0.00
131
$0.00
10%
0.00
132
$0.00
10%
0.00
133
$0.00
10%
0.00
134
$0.00
10%
0.00
129
$0.00
10%
0.00
130
$0.00
10%
0.00
131
$0.00
10%
0.00
132
$0.00
10%
0.00
133
$0.00
10%
0.00
134
$0.00
10%
0.00
135
$0.00
10%
0.00
136
$0.00
10%
0.00
137
$0.00
10%
0.00
138
$0.00
10%
0.00
139
$0.00
10%
0.00
140
$0.00
10%
0.00
135
$0.00
10%
0.00
136
$0.00
10%
0.00
137
$0.00
10%
0.00
138
$0.00
10%
0.00
139
$0.00
10%
0.00
140
$0.00
10%
0.00
141
$0.00
10%
0.00
142
$0.00
10%
0.00
143
$0.00
10%
0.00
144
$0.00
10%
0.00
145
$0.00
10%
0.00
146
$0.00
10%
0.00
141
$0.00
10%
0.00
142
$0.00
10%
0.00
143
$0.00
10%
0.00
144
$0.00
10%
0.00
145
$0.00
10%
0.00
146
$0.00
10%
0.00
147
$0.00
10%
0.00
148
$0.00
10%
0.00
149
$0.00
10%
0.00
150
$0.00
10%
0.00
151
$0.00
10%
0.00
152
$0.00
10%
0.00
147
$0.00
10%
0.00
148
$0.00
10%
0.00
149
$0.00
10%
0.00
150
$0.00
10%
0.00
151
$0.00
10%
0.00
152
$0.00
10%
0.00
153
$0.00
10%
0.00
154
$0.00
10%
0.00
155
$0.00
10%
0.00
156
$0.00
10%
0.00
157
$0.00
10%
0.00
158
$0.00
10%
0.00
153
$0.00
10%
0.00
154
$0.00
10%
0.00
155
$0.00
10%
0.00
156
$0.00
10%
0.00
157
$0.00
10%
0.00
158
$0.00
10%
0.00
159
$0.00
10%
0.00
160
$0.00
10%
0.00
161
$0.00
10%
0.00
162
$0.00
10%
0.00
163
$0.00
10%
0.00
164
$0.00
10%
0.00
159
$0.00
10%
0.00
160
$0.00
10%
0.00
161
$0.00
10%
0.00
162
$0.00
10%
0.00
163
$0.00
10%
0.00
164
$0.00
10%
0.00
165
$0.00
10%
0.00
166
$0.00
10%
0.00
167
$0.00
10%
0.00
168
$0.00
10%
0.00
169
$0.00
10%
0.00
170
$0.00
10%
0.00
165
$0.00
10%
0.00
166
$0.00
10%
0.00
167
$0.00
10%
0.00
168
$0.00
10%
0.00
169
$0.00
10%
0.00
170
$0.00
10%
0.00
171
$0.00
10%
0.00
172
$0.00
10%
0.00
173
$0.00
10%
0.00
174
$0.00
10%
0.00
175
$0.00
10%
0.00
176
$0.00
10%
0.00
171
$0.00
10%
0.00
172
$0.00
10%
0.00
173
$0.00
10%
0.00
174
$0.00
10%
0.00
175
$0.00
10%
0.00
176
$0.00
10%
0.00
177
$0.00
10%
0.00
178
$0.00
10%
0.00
179
$0.00
10%
0.00
180
$0.00
10%
0.00
181
$0.00
10%
0.00
182
$0.00
10%
0.00
177
$0.00
10%
0.00
178
$0.00
10%
0.00
179
$0.00
10%
0.00
180
$0.00
10%
0.00
181
$0.00
10%
0.00
182
$0.00
10%
0.00
183
$0.00
10%
0.00
184
$0.00
10%
0.00
185
$0.00
10%
0.00
186
$0.00
10%
0.00
187
$0.00
10%
0.00
188
$0.00
10%
0.00
183
$0.00
10%
0.00
184
$0.00
10%
0.00
185
$0.00
10%
0.00
186
$0.00
10%
0.00
187
$0.00
10%
0.00
188
$0.00
10%
0.00
189
$0.00
10%
0.00
190
$0.00
10%
0.00
191
$0.00
10%
0.00
192
$0.00
10%
0.00
193
$0.00
10%
0.00
194
$0.00
10%
0.00
189
$0.00
10%
0.00
190
$0.00
10%
0.00
191
$0.00
10%
0.00
192
$0.00
10%
0.00
193
$0.00
10%
0.00
194
$0.00
10%
0.00
195
$0.00
10%
0.00
196
$0.00
10%
0.00
197
$0.00
10%
0.00
198
$0.00
10%
0.00
199
$0.00
10%
0.00
200
$0.00
10%
0.00
195
$0.00
10%
0.00
196
$0.00
10%
0.00
197
$0.00
10%
0.00
198
$0.00
10%
0.00
199
$0.00
10%
0.00
200
$0.00
10%
0.00
201
$0.00
10%
0.00
202
$0.00
10%
0.00
203
$0.00
10%
0.00
204
$0.00
10%
0.00
205
$0.00
10%
0.00
206
$0.00
10%
0.00
201
$0.00
10%
0.00
202
$0.00
10%
0.00
203
$0.00
10%
0.00
204
$0.00
10%
0.00
205
$0.00
10%
0.00
206
$0.00
10%
0.00
207
$0.00
10%
0.00
208
$0.00
10%
0.00
209
$0.00
10%
0.00
210
$0.00
10%
0.00
211
$0.00
10%
0.00
212
$0.00
10%
0.00
207
$0.00
10%
0.00
208
$0.00
10%
0.00
209
$0.00
10%
0.00
210
$0.00
10%
0.00
211
$0.00
10%
0.00
212
$0.00
10%
0.00
213
$0.00
10%
0.00
214
$0.00
10%
0.00
215
$0.00
10%
0.00
216
$0.00
10%
0.00
217
$0.00
10%
0.00
218
$0.00
10%
0.00
213
$0.00
10%
0.00
214
$0.00
10%
0.00
215
$0.00
10%
0.00
216
$0.00
10%
0.00
217
$0.00
10%
0.00
218
$0.00
10%
0.00
219
$0.00
10%
0.00
220
$0.00
10%
0.00
221
$0.00
10%
0.00
222
$0.00
10%
0.00
223
$0.00
10%
0.00
224
$0.00
10%
0.00
219
$0.00
10%
0.00
220
$0.00
10%
0.00
221
$0.00
10%
0.00
222
$0.00
10%
0.00
223
$0.00
10%
0.00
224
$0.00
10%
0.00
225
$0.00
10%
0.00
226
$0.00
10%
0.00
227
$0.00
10%
0.00
228
$0.00
10%
0.00
229
$0.00
10%
0.00
230
$0.00
10%
0.00
225
$0.00
10%
0.00
226
$0.00
10%
0.00
227
$0.00
10%
0.00
228
$0.00
10%
0.00
229
$0.00
10%
0.00
230
$0.00
10%
0.00
231
$0.00
10%
0.00
232
$0.00
10%
0.00
233
$0.00
10%
0.00
234
$0.00
10%
0.00
235
$0.00
10%
0.00
236
$0.00
10%
0.00
231
$0.00
10%
0.00
232
$0.00
10%
0.00
233
$0.00
10%
0.00
234
$0.00
10%
0.00
235
$0.00
10%
0.00
236
$0.00
10%
0.00
237
$0.00
10%
0.00
238
$0.00
10%
0.00
239
$0.00
10%
0.00
240
$0.00
10%
0.00
241
$0.00
10%
0.00
242
$0.00
10%
0.00
237
$0.00
10%
0.00
238
$0.00
10%
0.00
239
$0.00
10%
0.00
240
$0.00
10%
0.00
241
$0.00
10%
0.00
242
$0.00
10%
0.00
243
$0.00
10%
0.00
244
$0.00
10%
0.00
245
$0.00
10%
0.00
246
$0.00
10%
0.00
247
$0.00
10%
0.00
248
$0.00
10%
0.00
243
$0.00
10%
0.00
244
$0.00
10%
0.00
245
$0.00
10%
0.00
246
$0.00
10%
0.00
247
$0.00
10%
0.00
248
$0.00
10%
0.00
249
$0.00
10%
0.00
250
$0.00
10%
0.00
251
$0.00
10%
0.00
252
$0.00
10%
0.00
253
$0.00
10%
0.00
254
$0.00
10%
0.00
249
$0.00
10%
0.00
250
$0.00
10%
0.00
251
$0.00
10%
0.00
252
$0.00
10%
0.00
253
$0.00
10%
0.00
254
$0.00
10%
0.00
255
$0.00
10%
0.00
256
$0.00
10%
0.00
257
$0.00
10%
0.00
258
$0.00
10%
0.00
259
$0.00
10%
0.00
260
$0.00
10%
0.00
255
$0.00
10%
0.00
256
$0.00
10%
0.00
257
$0.00
10%
0.00
258
$0.00
10%
0.00
259
$0.00
10%
0.00
260
$0.00
10%
0.00
261
$0.00
10%
0.00
262
$0.00
10%
0.00
263
$0.00
10%
0.00
264
$0.00
10%
0.00
265
$0.00
10%
0.00
266
$0.00
10%
0.00
261
$0.00
10%
0.00
262
$0.00
10%
0.00
263
$0.00
10%
0.00
264
$0.00
10%
0.00
265
$0.00
10%
0.00
266
$0.00
10%
0.00
267
$0.00
10%
0.00
268
$0.00
10%
0.00
269
$0.00
10%
0.00
270
$0.00
10%
0.00
271
$0.00
10%
0.00
272
$0.00
10%
0.00
267
$0.00
10%
0.00
268
$0.00
10%
0.00
269
$0.00
10%
0.00
270
$0.00
10%
0.00
271
$0.00
10%
0.00
272
$0.00
10%
0.00
273
$0.00
10%
0.00
274
$0.00
10%
0.00
275
$0.00
10%
0.00
276
$0.00
10%
0.00
277
$0.00
10%
0.00
278
$0.00
10%
0.00
273
$0.00
10%
0.00
274
$0.00
10%
0.00
275
$0.00
10%
0.00
276
$0.00
10%
0.00
277
$0.00
10%
0.00
278
$0.00
10%
0.00
279
$0.00
10%
0.00
280
$0.00
10%
0.00
281
$0.00
10%
0.00
282
$0.00
10%
0.00
283
$0.00
10%
0.00
284
$0.00
10%
0.00
279
$0.00
10%
0.00
280
$0.00
10%
0.00
281
$0.00
10%
0.00
282
$0.00
10%
0.00
283
$0.00
10%
0.00
284
$0.00
10%
0.00
285
$0.00
10%
0.00
286
$0.00
10%
0.00
287
$0.00
10%
0.00
288
$0.00
10%
0.00
289
$0.00
10%
0.00
290
$0.00
10%
0.00
285
$0.00
10%
0.00
286
$0.00
10%
0.00
287
$0.00
10%
0.00
288
$0.00
10%
0.00
289
$0.00
10%
0.00
290
$0.00
10%
0.00
291
$0.00
10%
0.00
292
$0.00
10%
0.00
293
$0.00
10%
0.00
294
$0.00
10%
0.00
295
$0.00
10%
0.00
296
$0.00
10%
0.00
291
$0.00
10%
0.00
292
$0.00
10%
0.00
293
$0.00
10%
0.00
294
$0.00
10%
0.00
295
$0.00
10%
0.00
296
$0.00
10%
0.00
297
$0.00
10%
0.00
298
$0.00
10%
0.00
299
$0.00
10%
0.00
300
$0.00
10%
0.00
297
$0.00
10%
0.00
298
$0.00
10%
0.00
299
$0.00
10%
0.00
300
$0.00
10%
0.00
1997
Change in Revenue
Arithmetic Average
Geometric Average
1998
-18.04%
6.80%
5.14%
Simple moving average (5-year)

Weighted moving average (5-year)
Exponential moving average (5-year)
Exponential Moving Average
Percentage Base
Exponents
Total
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
51%
5
4
3
2
1
3.41%
6.69%
13.16%
25.87%
50.87%
100.00%
1999
11.18%
2000
27.57%
2001
-8.06%
2002
-4.40%
2003
19.76%
2004
22.91%
2005
24.41%
1.65%
2.19%
-0.56%
9.21%
8.22%
10.08%
11.56%
12.79%
16.59%
10.93%
17.08%
20.38%
2006
2.53%
2007
6.78%
2008
17.52%
2009
-35.17%
2010
24.83%
2011
27.22%
13.04%
14.28%
11.79%
15.28%
12.19%
9.52%
14.83%
12.94%
13.41%
3.21%
-3.73%
-11.46%
3.30%
3.48%
6.38%
8.24%
11.45%
17.05%
2012
-2.32%
2013
-7.90%
6.42%
7.93%
7.37%
1.33%
3.16%
-0.57%
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
COGS as a % of Total Revenue

COGS annual growth rate
SG&A as a % of Total Revenue
SG&A Annual growth rate
Exploration & Drilling costs as a % of Total Revenue
Exploration & Drilling costs annual growth rate
Depreciation & Amortization as a % of Gross PP&E
Depreciation & Amortization as a % of Net PP&E
Other Operating Expenses/(Income) as % of Total Revenue
Other Operating Expenses/(Income) growth rate
Interest Expense as a % of Total Debt
Income/(Loss) from Affiliates as a % of Revenue
Income/(Loss) from Affiliates growth rate
Income Tax as a % of EBT
Minority Interest as a % of Revenue
Minority Interest as a % of Net Income to Company
Accounts Receivable as % of Revenue
Accounts Receivable annual growth rate
Other Receivables as % of Revenue
Other Receivables annual growth rate
Total Receivables as % of Revenue
Total Receivables annual growth rate
Inventory as % of Revenue
Inventory as % of COGS
Inventory annual growth rate
Deferred tax assets, current as % of Revenue
Deferred tax assets, current as % of COGS
Deferred tax assets, current as % of Gross PP&E
Deferred tax assets, current as % of Net PP&E
Deferred tax assets, current, annual growth rate
Other Current Assets as % of Revenue
Other Current Assets growth rate
Gross PP&E as % of Revenue
Gross PP&E as % of COGS
Gross PP&E annual growth rate
Net PP&E as % of Revenue
Net PP&E as % of COGS
Net PP&E annual growth rate
Accumulated Depreciation as % of Gross PP&E
Accumulated Depreciation growth rate
Long-term Investments as % of Revenue
1997
58.29%
7.69%
0.71%
6.44%
12.39%
19.18%
-8.67%
2.27%
38.29%
-0.30%
-4.29%
4.53%
1.54%
6.06%
3.11%
5.33%
72.37%
124.16%
37.62%
64.53%
-48.02%
2.13%
Long-term Investments annual growth rate

Deferred tax assets, LT as % of Gross PP&E
Deferred tax assets, LT as % of Net PP&E
Deferred tax assets, LT annual growth rate
Other Long-term Assets as % of Revenue
Other Long-term Assets annual growth rate
Accounts Payable as a % of COGS
Accounts Payable annual growth rate
Accrued Expenses as % of COGS
Accrued Expenses annual growth rate
Current Income Taxes Payable as % of Income Tax Expense
Other Current Liabilities as % of COGS
Other Current Liabilities annual growth rate
Capital Leases as a % of PP&E
Capital Leases annual growth rate
Pension Benefit Obligations as a % of Revenue
Pension Benefit Obligations as a % of COGS
Pension Benefit Obligations as a % of SG&A
Pension Benefit Obligations annual growth rate
PBO + Other Non-Current Liabilities as % of Revenue
PBO + Other Non-Current Liabilities as % of COGS
PBO + Other Non-Current Liabilities annual growth rate
PBO + Other Non-Current Liabilities
Def. Tax Liability, Non-Curr., as % of Gross PP&E
Def. Tax Liability, Non-Curr., as % of Net PP&E
Def. Tax Liability, Non-Curr., annual growth rate
Comprehensive Income as % of Revenue
Comprehensive Income as % of PBO + Other Non-Curr. Liabilti
Minority Interest as % Revenue
Minority Interest as % of Income/Loss Affiliates
Minority Interest annual growth rate
Divestitures as a % of Revenue
Divestitures as a % of Gross PP&E
Divestitures as a % of Net PP&E
Divestirure annual growth rate
Repurchase of Common Stock as % of (CFO - CFI)
Dividend as % of (CFO - CFI)
Combined Repurchases and Dividends as % of (CFO-CFI)
Dividends + Repurchases
CFO - CFI
2.66%
11.08%
3.19%
27.21%
5.59%
9.60%
9,877
10.53%
20.25%
-0.76%
-13.61%
1.34%
59.11%
1.24%
1.72%
3.30%
-17.30%
-31.90%
-49.20%
-8,879
10,607
1998
55.16%
-22.45%
8.93%
-4.78%
1.04%
20.29%
4.58%
9.02%
22.95%
-1.96%
-3.34%
2.77%
0.10%
31.90%
-0.18%
-3.18%
7.51%
35.96%
3.43%
83.08%
10.94%
47.91%
6.01%
10.89%
58.41%
1999
58.31%
17.55%
8.03%
-0.05%
0.77%
-17.26%
4.28%
8.61%
21.61%
4.70%
-3.66%
1.86%
-25.33%
28.69%
-0.09%
-1.80%
9.08%
34.46%
2.83%
-8.40%
11.91%
21.01%
5.28%
9.05%
-2.30%
2000
61.64%
34.85%
5.87%
-6.77%
0.46%
-24.88%
4.26%
8.91%
15.94%
-5.92%
-4.38%
2.07%
41.76%
40.58%
-0.20%
-2.27%
8.56%
20.29%
2.64%
19.30%
11.20%
20.05%
4.05%
6.56%
-2.21%
2001
57.39%
-14.40%
6.53%
2.33%
0.62%
25.53%
4.12%
8.76%
18.89%
9.00%
-2.71%
1.15%
-48.85%
36.54%
-0.30%
-3.58%
7.21%
-22.60%
3.15%
9.65%
10.36%
-14.99%
4.19%
7.30%
-4.82%
2002
59.42%
-1.02%
6.52%
-4.50%
0.51%
-21.70%
4.05%
8.75%
19.81%
0.26%
-3.70%
1.15%
-4.97%
36.68%
-0.12%
-1.79%
8.49%
12.65%
3.24%
-1.78%
11.73%
8.26%
4.47%
7.53%
2.07%
2003
58.84%
18.60%
5.89%
8.09%
0.47%
9.78%
3.95%
8.62%
18.56%
12.20%
-2.17%
2.02%
111.67%
33.70%
-0.32%
-3.13%
7.76%
9.46%
3.49%
29.03%
11.25%
14.87%
4.15%
7.05%
11.02%
126.10%
228.62%
42.80%
63.98%
116.00%
39.40%
-49.26%
46.48%
8.02%
117.61%
201.68%
3.70%
58.45%
100.24%
1.58%
-50.30%
5.88%
7.64%
91.48%
148.40%
-0.77%
43.77%
71.00%
-4.48%
-52.15%
2.89%
5.17%
100.95%
175.91%
1.47%
47.48%
82.74%
-0.25%
-52.97%
3.05%
5.01%
113.61%
191.21%
7.59%
52.63%
88.57%
5.96%
-53.68%
9.04%
6.07%
106.14%
180.38%
11.88%
48.58%
82.57%
10.56%
-54.23%
13.02%
6.68%
209.24%
5.83%
-13.71%
-10.84%
15.78%
31.83%
4.52%
39.19%
22.07%
54.52%
6.94%
68.72%
54.40%
4.38%
7.67%
20.77%
10.63%
6.40%
8.41%
82.44%
3.98%
15.89%
16.86%
9.47%
4.29%
-9.69%
47.63%
4.47%
3.28%
16.71%
-15.18%
4.40%
-12.08%
39.58%
4.69%
0.36%
19.18%
13.62%
4.32%
-2.94%
59.95%
4.13%
5.39%
18.15%
12.22%
4.23%
16.12%
46.81%
10.04%
18.20%
47.07%
14,526
9.18%
18.09%
24.51%
-1.92%
-19.10%
2.51%
90.34%
52.97%
1.30%
1.03%
2.03%
-14.09%
-25.42%
-41.87%
-67.28%
-9,390
4,454
8.69%
14.90%
-3.75%
13,981
8.59%
17.28%
-2.97%
-1.78%
-20.50%
2.29%
123.02%
1.68%
0.60%
0.51%
1.03%
-48.41%
-5.44%
-47.69%
-53.13%
-6,542
4,028
6.38%
10.35%
-6.30%
13,100
8.76%
18.30%
1.18%
-2.64%
-41.40%
1.57%
76.00%
-12.42%
2.81%
3.07%
6.42%
493.62%
-14.26%
-37.12%
-51.38%
-8,475
19,639
7.22%
12.57%
3.94%
13,616
8.59%
18.26%
-0.50%
-3.58%
-49.57%
1.50%
129.94%
-12.54%
0.57%
0.57%
1.20%
-81.32%
-30.33%
-33.15%
-63.48%
-11,975
14,678
10.51%
17.69%
39.28%
18,965
8.04%
17.36%
0.76%
-3.61%
-34.29%
1.53%
133.98%
-2.02%
1.55%
1.36%
2.94%
159.09%
-24.22%
-31.38%
-55.59%
-11,015
11,510
8.20%
13.94%
-6.56%
17,721
8.77%
19.17%
22.05%
-0.53%
-6.48%
1.57%
77.34%
22.18%
1.06%
1.00%
2.18%
-18.01%
-23.03%
-25.52%
-48.55%
-12,396
17,656
2004
60.45%
26.26%
4.94%
3.21%
0.41%
8.71%
4.03%
8.99%
16.42%
8.72%
-8.04%
1.87%
13.45%
37.87%
-0.29%
-2.97%
7.80%
23.54%
1.75%
-38.39%
9.55%
4.32%
3.57%
5.91%
5.92%
2005
63.50%
30.69%
4.13%
3.89%
0.29%
-12.20%
4.27%
9.58%
13.49%
2.22%
-6.21%
2.30%
52.85%
38.69%
-0.24%
-2.16%
7.22%
15.19%
1.10%
-21.97%
8.32%
8.38%
2.82%
4.44%
-1.75%
2006
61.90%
-0.05%
3.98%
-1.11%
0.35%
22.51%
4.40%
10.04%
12.51%
-4.89%
-8.05%
2.06%
-7.89%
40.76%
-0.31%
-2.59%
7.40%
5.11%
1.14%
6.62%
8.54%
5.30%
3.16%
5.11%
14.94%
0.46%
0.76%
0.50%
1.12%
2007
63.34%
9.27%
3.88%
3.94%
0.41%
24.39%
4.37%
10.13%
12.19%
4.01%
-4.37%
2.46%
27.43%
41.78%
-0.28%
-2.41%
8.51%
22.73%
1.57%
46.79%
10.08%
25.94%
3.07%
4.84%
3.50%
2008
66.98%
24.27%
3.53%
7.00%
0.34%
-1.23%
4.57%
10.20%
10.64%
2.57%
-7.44%
2.61%
24.49%
43.80%
-0.39%
-3.51%
4.40%
-39.21%
1.41%
5.64%
5.81%
-32.23%
2.74%
4.09%
5.02%
2009
66.71%
-35.44%
5.08%
-6.69%
0.73%
39.28%
3.90%
8.57%
13.63%
-16.92%
-5.93%
2.59%
-35.54%
43.47%
-0.14%
-1.92%
8.05%
18.60%
1.98%
-8.94%
10.03%
11.91%
4.19%
6.29%
-0.80%
0.69%
1.09%
0.89%
2.07%
0.49%
0.74%
0.77%
1.73%
-16.02%
0.43%
27.12%
63.72%
95.13%
-3.39%
28.55%
42.62%
0.39%
-55.20%
-6.25%
3.79%
1.21%
1.81%
1.09%
2.39%
58.42%
0.67%
2.15%
111.01%
166.42%
12.95%
50.48%
75.68%
14.64%
-54.52%
11.57%
6.28%
0.39%
91.29%
151.03%
5.72%
40.91%
67.68%
3.50%
-55.19%
7.59%
6.58%
72.73%
114.55%
-0.88%
32.39%
51.01%
-1.50%
-55.47%
-0.37%
5.88%
76.54%
123.66%
7.90%
33.56%
54.22%
6.24%
-56.15%
9.24%
6.51%
77.50%
122.36%
8.12%
33.42%
52.76%
6.32%
-56.88%
9.53%
4.24%
21.07%
0.58%
1.29%
11.20%
13.55%
-30.43%
4.87%
0.64%
1.42%
2.77%
-17.48%
14.85%
3.32%
3.77%
12.67%
49.89%
1.17%
2.59%
16.20%
14.55%
28.01%
2.67%
-7.40%
36.12%
2.21%
-12.44%
14.51%
-0.26%
2.89%
7.94%
28.79%
1.24%
5.50%
165.69%
12.76%
-3.92%
5.45%
106.21%
35.68%
1.55%
36.93%
0.15%
185.91%
3.67%
5.80%
-5.31%
-4.69%
7.64%
12.07%
10.34%
27,644
8.17%
18.95%
9.82%
0.55%
7.20%
1.18%
48.11%
12.57%
1.16%
1.50%
3.48%
36.49%
-62.65%
-15.00%
-77.65%
-39,443
42,274
3.91%
-16.49%
7.44%
-27.53%
4.18%
-4.64%
27.53%
1.25%
-0.11%
0.14%
92.91%
4.88%
7.28%
38.16%
56.12%
8.16%
12.18%
25.44%
34,678
7.28%
16.26%
-13.86%
-2.34%
-28.64%
1.07%
41.13%
6.45%
1.41%
2.21%
4.93%
42.36%
-61.71%
-13.91%
-75.62%
-43,792
44,226
0.15%
0.08%
3.09%
4.87%
-25.08%
7.71%
12.75%
15.47%
20,462
8.70%
19.41%
4.84%
0.19%
2.51%
1.49%
79.66%
16.85%
1.04%
1.14%
2.54%
20.26%
-26.41%
-18.30%
-44.71%
-16,847
25,641
6.12%
9.64%
-1.20%
20,217
8.69%
19.51%
-1.01%
-0.39%
-6.33%
1.07%
46.51%
-10.75%
1.83%
2.51%
5.64%
119.17%
-39.56%
-15.60%
-55.15%
-25,406
37,868
4.11%
6.64%
3.27%
36.31%
7.40%
11.95%
23.93%
25,054
8.04%
18.34%
-0.13%
-0.82%
-11.02%
1.12%
54.46%
7.85%
0.91%
1.19%
2.71%
-48.97%
-60.69%
-15.66%
-76.35%
-37,186
35,056
7.61%
0.74%
1.63%
31.19%
7.04%
16.66%
13.18%
14.37%
3.22%
-50.25%
54.96%
6.05%
213.01%
0.12%
96.84%
6.51%
9.76%
28.16%
-13.44%
12.92%
19.36%
2.64%
35,593
7.57%
16.64%
17.35%
-1.98%
-15.34%
1.75%
67.52%
5.81%
0.56%
0.51%
1.11%
-74.19%
-73.73%
-30.02%
-103.75%
-27,726
6,019
2010
67.30%
25.95%
4.04%
-0.63%
0.62%
6.09%
3.95%
7.40%
11.37%
4.14%
-1.76%
3.10%
49.48%
40.71%
-0.27%
-2.99%
7.40%
14.66%
1.99%
25.39%
9.38%
16.78%
3.77%
5.60%
12.32%
2011
69.47%
31.33%
3.24%
1.92%
0.48%
-2.94%
3.96%
7.26%
9.95%
11.29%
-1.47%
3.49%
43.20%
42.39%
-0.26%
-2.72%
6.87%
18.10%
1.96%
25.61%
8.83%
19.69%
3.43%
4.94%
15.78%
2012
70.06%
-1.49%
3.07%
-7.41%
0.43%
-11.58%
3.88%
7.00%
9.09%
-10.76%
-2.93%
3.51%
-1.82%
39.43%
-0.66%
-5.87%
6.64%
-5.56%
1.55%
-23.08%
8.18%
-9.46%
3.40%
4.86%
-3.21%
2013
71.67%
-5.78%
3.10%
-6.99%
0.50%
7.39%
3.95%
7.05%
9.24%
-6.33%
-0.04%
3.54%
-7.22%
42.04%
-0.22%
-2.60%
6.60%
-8.39%
1.82%
8.24%
8.42%
-5.24%
4.10%
5.72%
10.95%
0.98%
1.45%
0.90%
1.68%
1.11%
0.56%
3.18%
108.70%
161.52%
22.24%
58.01%
86.19%
43.44%
-46.64%
4.56%
5.52%
1.04%
1.50%
1.15%
2.12%
35.43%
0.38%
-12.13%
90.03%
129.59%
5.36%
49.05%
70.61%
7.58%
-45.52%
2.83%
4.23%
0.83%
1.18%
0.86%
1.56%
-22.18%
0.34%
-12.62%
95.75%
136.66%
3.89%
53.09%
75.77%
5.72%
-44.55%
1.69%
4.44%
0.91%
1.27%
0.82%
1.47%
0.99%
0.39%
4.43%
110.36%
153.99%
6.16%
61.88%
86.35%
7.36%
-43.93%
4.66%
5.01%
Min
55.16%
-35.44%
3.07%
-7.41%
0.29%
-24.88%
3.88%
7.00%
9.09%
-16.92%
1.15%
-48.85%
28.69%
-0.66%
-5.87%
4.40%
-39.21%
1.10%
-38.39%
5.81%
-32.23%
2.74%
4.09%
-4.82%
0.46%
0.74%
0.50%
1.12%
-22.18%
0.34%
-12.62%
63.72%
95.13%
-3.39%
28.55%
42.62%
-4.48%
-56.88%
-6.25%
2.13%
9.63%
0.94%
1.77%
55.86%
6.24%
10.70%
13.30%
27.00%
2.93%
14.47%
45.51%
5.39%
12.21%
0.08%
82.61%
5.63%
8.37%
39.21%
7.94%
11.58%
17.20%
11.88%
39,821
9.40%
17.61%
51.85%
-1.40%
-12.11%
1.70%
54.70%
21.09%
0.95%
0.87%
1.63%
111.07%
-32.94%
-21.38%
-54.31%
-21,591
24,209
-2.50%
1.07%
1.96%
19.59%
4.73%
-3.59%
11.17%
10.36%
2.34%
5.09%
40.99%
5.25%
28.05%
0.07%
85.53%
5.71%
8.22%
76.27%
29.05%
10.71%
15.41%
17.68%
46,863
9.29%
17.06%
4.18%
-2.08%
-19.47%
1.45%
41.52%
8.70%
2.54%
2.83%
5.19%
241.40%
-40.86%
-16.71%
-57.57%
-31,075
33,180
2.46%
0.80%
1.44%
-22.50%
4.71%
-2.63%
11.28%
-0.53%
1.38%
-42.02%
31.43%
4.28%
-19.82%
0.11%
165.77%
5.91%
8.44%
92.47%
1.09%
12.28%
17.53%
12.02%
52,498
9.18%
16.55%
2.60%
-2.85%
-23.21%
1.36%
38.62%
-8.68%
0.95%
0.99%
1.79%
-63.58%
-41.06%
-19.67%
-60.73%
-31,160
30,569
4.04%
0.65%
1.16%
-13.67%
5.41%
5.68%
10.96%
-8.49%
1.38%
-5.98%
32.28%
4.71%
3.69%
0.09%
87.01%
5.24%
7.32%
69.08%
-18.29%
11.98%
16.72%
-10.15%
47,168
9.33%
16.63%
7.88%
-2.72%
-22.74%
1.65%
46.61%
11.99%
0.69%
0.62%
1.11%
-33.24%
-36.24%
-24.63%
-60.87%
-26,873
10,713
-30.43%
0.58%
1.16%
-22.50%
2.21%
-17.48%
7.44%
-27.53%
1.38%
-50.25%
27.21%
1.17%
-19.82%
0.07%
82.61%
3.09%
4.87%
-25.08%
-18.29%
5.59%
9.60%
-10.15%
7.28%
16.26%
-13.86%
-3.61%
-49.57%
1.07%
38.62%
-12.54%
0.56%
0.51%
1.03%
-81.32%
-73.73%
-47.69%
-103.75%
Mean
Max
62.97%
8.63%
5.20%
-0.53%
0.54%
4.51%
4.29%
8.90%
15.03%
0.77%
Last 5 years Std Dev

Std Dev as % of Mean
71.67%
69.04%
4.95%
7.86%
34.85%
2.91%
21.04%
243.72%
8.93%
3.71%
1.84%
35.28%
8.09%
-3.96%
5.16%
-966.23%
1.04%
0.55%
0.19%
35.63%
39.28%
7.65%
18.85%
417.74%
6.44%
3.93%
0.60%
13.96%
12.39%
7.45%
1.36%
15.25%
22.95%
10.66%
4.49%
29.86%
12.20%
-3.72%
8.15%
1057.54%
2.40%
14.55%
38.67%
-0.27%
-2.93%
7.29%
9.69%
2.15%
9.80%
9.45%
8.91%
3.85%
6.21%
7.80%
3.54%
111.67%
43.80%
-0.09%
-1.79%
9.08%
35.96%
3.49%
83.08%
11.91%
47.91%
6.01%
10.89%
58.41%
3.25%
9.62%
41.61%
-0.31%
-3.22%
7.11%
7.48%
1.86%
5.44%
8.97%
6.74%
3.78%
5.48%
7.01%
0.73%
39.92%
4.16%
0.13%
1.02%
1.27%
20.01%
0.81%
29.38%
1.79%
18.51%
0.86%
1.76%
15.12%
30.41%
274.32%
10.75%
-47.28%
-34.71%
17.46%
206.60%
37.55%
299.84%
18.94%
207.85%
22.37%
28.30%
193.70%
0.83%
1.22%
0.87%
1.77%
9.62%
0.45%
2.02%
95.64%
153.25%
8.42%
46.70%
74.62%
9.15%
-51.45%
7.84%
5.48%
1.21%
1.81%
1.15%
2.39%
58.42%
0.67%
27.12%
126.10%
228.62%
42.80%
63.98%
116.00%
43.44%
-43.93%
46.48%
8.02%
0.99%
1.44%
0.97%
1.84%
14.75%
0.47%
-3.00%
103.17%
149.64%
10.12%
54.50%
78.92%
15.75%
-47.03%
5.06%
5.10%
0.26%
0.37%
0.20%
0.41%
31.19%
0.12%
14.50%
18.27%
34.80%
11.04%
10.91%
18.74%
13.47%
4.34%
11.38%
1.48%
31.81%
29.94%
22.64%
22.98%
324.02%
26.11%
717.50%
19.10%
22.71%
131.16%
23.36%
25.12%
147.14%
-8.43%
145.15%
26.91%
17.48%
0.77%
1.52%
14.09%
4.35%
14.63%
14.64%
7.98%
3.76%
6.54%
43.60%
3.43%
39.14%
0.11%
113.80%
4.97%
7.41%
35.14%
11.76%
9.01%
14.24%
11.36%
209.24%
1.07%
1.96%
55.86%
7.04%
165.69%
22.07%
54.52%
6.94%
106.21%
82.44%
6.05%
213.01%
0.15%
185.91%
6.51%
9.76%
92.47%
56.12%
12.92%
19.36%
47.07%
4.25%
0.84%
1.59%
14.09%
5.63%
5.36%
11.98%
8.54%
2.25%
-15.74%
41.03%
5.14%
47.43%
0.09%
103.55%
5.80%
8.42%
61.04%
1.27%
11.89%
17.24%
6.81%
53.15%
0.18%
0.28%
32.31%
1.30%
42.70%
3.90%
18.98%
1.54%
37.20%
14.26%
2.08%
78.90%
0.03%
43.04%
1.13%
1.49%
39.50%
26.20%
2.31%
3.15%
16.50%
304.14%
23.01%
18.32%
229.29%
29.89%
291.91%
26.67%
238.05%
40.92%
568.81%
32.72%
60.60%
201.61%
28.35%
37.82%
22.78%
20.14%
112.43%
222.78%
25.64%
22.11%
145.25%
8.71%
17.98%
8.03%
-1.69%
-18.48%
1.54%
71.09%
7.61%
1.25%
1.39%
2.90%
52.60%
-36.22%
-25.85%
-62.08%
10.53%
20.25%
51.85%
0.55%
7.20%
2.51%
133.98%
52.97%
2.81%
3.07%
6.42%
493.62%
-5.44%
-13.91%
-44.71%
8.95%
16.90%
16.77%
-2.21%
-18.57%
1.58%
49.79%
7.78%
1.14%
1.16%
2.17%
36.29%
-44.97%
-22.48%
-67.45%
0.77%
1.19%
15.17%
1.24%
14.60%
0.39%
31.50%
16.58%
0.64%
0.81%
1.71%
149.57%
19.00%
10.21%
14.61%
8.85%
6.62%
188.89%
-73.54%
-79.04%
25.23%
44.32%
217.94%
51.64%
58.51%
59.05%
284.33%
-52.44%
-39.49%
-23.53%
Correl
R2
0.9948
0.9878
0.5716
0.5457
0.5809
-0.5556
0.9741
0.9578
0.7072
0.6230
0.9340
0.7086
0.9957
-0.7794
-0.8245
0.8584
0.0411
0.4465
-0.1203
0.8554
-0.0278
0.8555
0.8902
-0.1953
-0.2506
0.1562
0.2896
0.7765
0.7636
0.3591
-0.4050
0.0539
0.8402
0.8767
-0.4398
0.7688
0.8191
-0.2765
-0.9561
0.9007
0.7605
0.99
0.98
0.33
0.30
0.34
0.31
0.95
0.92
0.50
0.39
Other Income vs. Total Revenue

0.02980033
30366.4056811388
0.00769302
2333.7239425002
0.50009039
3152.7775474308
15.0054246
15
149154014
149100093.953756
Other Income % vs time
-0.00819818
0.2240740811
0.00088528
0.0090714367
0.85112761
0.0178818112
85.7574357
15
0.02742173
0.0047963876
0.87
0.50
0.99
0.61
0.68
0.74
0.00
0.20
0.01
0.73
0.00
0.73
0.79
0.04 Correl of growth rate to Revenue growth rate
Correl of growth rate to COGS growth rate
0.02
0.08
0.60
0.58
0.13 Correl of growth rate to Gross PP&E growth
0.16
0.00
0.71
0.77
0.19
0.59
0.67
0.08
0.91
0.81
0.58
-0.3274
0.7143
0.7234
0.8801
0.7901
-0.1149
0.8173
-0.0950
0.4274
0.1443
0.9103
0.3997
-0.7115
0.1631
-0.1797
0.6848
0.7974
-0.0397
0.6117
0.8710
0.9081
-0.2379
0.11
0.51
0.52
0.77 Correl of growth rate to Gross PP&E growth
0.62
0.01
0.67
0.01
0.18
0.02
0.83
0.16
0.51
0.03
0.03
0.47
0.64
0.00
0.37
0.76
0.82
0.06
0.9754
0.9926
0.8814
-0.4667
-0.6647
0.7992
0.9144
0.2027
0.6236
0.3890
0.3687
0.5756
-0.7978
-0.3452
-0.7773
0.95
0.99
0.78
0.22
0.44
0.64
0.84
0.04
0.39
0.15
0.14
0.33
0.64
0.12
0.60
LINEST
Slope Coefficient
Std Err
R2
F Stat
SS reg
KEY
Constant
Std Err
Std Err Var
Df
SS resid
Pro-Forma Model A
Growth Rate of Revenue
5.14%
COGS as a % of Revenue
SG&A as a CAGR
Exploration & Drilling costs as a % of Revenue
Depreciation & Amortization as a % of Net PP&E
Other Operating Expenses/(Income) as a CAGR
69.04%
0.00%
0.54%
7.45%
0.77%
Interest Expense as a % of Total LT Debt

Income/(loss) from affiliates as a % of Revenue
Currency Gains/(Losses)
Other non-Operating Inc./(Expenses)
Total Unusual Items as a % of Total Revenue
-3.42%
2.40%
Tax Rate
Minority Interest as a % of Net Income
41.61%
-2.93%
Total Receivables (A/R + Other Receivables)

Inventory
Prepaid Expenses
Deferred Tax Assets, current
Restricted Cash
Gross PP&E
Long-term Assets
Accounts Payable
Accrued Exp.
Capital Leases
PBO + Other Non-Current Liabilities
Deferred Tax Liabilities, Non-current
Comprehensive Income
Minority Interest
Divestitures
Bonds
Average Annual Repayment
Average Annual Issuance
8.97%
6.21%
0
0.87%
0
0
8.42%
18,243
0.77%
19,704
11.98%
6,317
41.03%
13,095
339
17.24%
17.98%
-18.48%
71.09%
3,690
823
1,889
-3,038
Average Annual Net Change in Bonds

Stock Repurchases
Dividends
WACC
Current-Current
Historical-Historical
WACC in the model
Terminal Growth
-1,149
-37.77%
-20.60%
6.62%
10.56%
6.62%
3%
Pro-Forma Model Assumptions

Average CAGR 1997 - 2013; most conservative growth rate
Average of COGS / Total Revenue 2008 - 2013; appears to have changed over time
Average annual growth rate 1997 - 2013
Average % of Revenue 1997 - 2013; less variability than growth rates
Depreciation / Net PP&E; latest 5 years; appears to be a drop, may be temprorary or due to c
Avereage annual growth rate 1997 - 2013; very little change since 1997 compared to revenu
Interest Exp / Total LT Debt 2013 is zero Capital Structure details compute 3.42%
Average of Income/(Loss) from Affiliates / Revenue 1997 - 2013; maybe a very-long wave rela
1 time item, not material or included in other accounts
Only 2 items, not material
Very random and not material
Average of Income Tax / EBT 2008 - 2013; seems systematically higher in recent years
Average of Minority Interest / Net Income to Company 1997 - 2013; not a material account
Total Receivables / Total Revenue 2008 - 2013; appears to have be a shift over time; Total Rec
Inventory / COGS; slightly higher correlation, better business operations relationship
Has registered as zero for the last 5 years; may be incorporated into another account
Deferred Tax Assets, Current / Gross PP&E; best correlation; low number of observations; not
Periodically appears and disappears, restriction appears temporary?; not material
Growth rate; appears to be stable and has a short history; not material
Growth Rate; More stable than Revenue or COGS; impacted by acquisitions; reasonable longAverage since 2004; as a measure of book value should be based on new ventures
Deferred Tax Assets, Current / Gross PP&E; best correlation; low number of observations; not
Average since 2007; appears to be a distinct jump then little change
AP / COG; 2008 - 2013 as appears to be change in levels since financial crisis
Average 1997 - 2013; not particular linkage to income statements account; not material acco
Current Income Taxes Payable / Income Tax Expense; last 5 years, may be some change after
Jumps discreetly in 2009; no other apparent pattern, limited number of observations
Average of the entries; Initial entry 2006; may be tied to specifc project(s), varies in a tight ra
PBO + Other non-current liabilities / COGS; last 5 years as there has been a definite shift due
Deferred Tax Liabilities, Non-current / Net PP&E; same issues as deferred tax assets
Comprehensive Income / PBO + Other; 1997 - 2013; consists of pension obligation adjustmen
Minority Interest / Income from Affiliates; minority interests should be linked to business caus
Average 1997 - 2012; no particular pattern, not material but continuous activity across years
Average 1997 - 2012; no particular pattern, not material but continuous activity across years
Amount to be repurchased each year until bonds = 0

Stock Repurchases / (CFO - CFI); payout of FCF equal to last three years average
Dividends / (CFO - CFI); payout of FCF equal to average of last three years
Notes
Revenue earned from oil production, refining, and marketing; volatile, economicall sensisitve
Changing production costs due to increasingly difficult exploration environment?
Overhead fixed expenses
e in asset mix
According to notes, composed of non-income related taxes and duties (production royalties)
Results from minority ownership in other entities
Subtraction for other minority interests in XOM entities

AR is trade (oil & gas) related, other is unknown - posssibly related to financing program?
About 1/3 is materials and supply and 2/3 is oil products
terial account
70% Upstream (production), 15% Downstream, 8% Chemicla, remaining is Other

Ownership in companies using the equity method (includes advances and/or LT receivables)
terial account
Unknown
ncial crisis
not material
The PBO was included in Other until 2005; this can be accounted for either by finding the PBO
nd currency gains/losses
e PBO amount in Other and restating the financials, or by adding the two accounts
Exxon Mobil Corporation (NYSE:XOM) > Financials > Capital Structure Details
Principal Due in Millions of the reported currency.
FY 2013 (Dec-31-2013) Capital Structure As Reported Details
Description
4.900% Senior Note Due 2014
8.625% Debentures Due 2021
Bank Loans
Capitalized Lease Obligations
Commercial Paper
Industrial Revenue Bonds Due 2014-2051
Long Term Committed Lines of Credit
Long Term Debt Due within One Year
Other Debt
Other Foreign Currency Obligations

Other US Dollar Obligations
Short Term Committed Lines of Credit
Variable Note Due 2034
Variable Notes Due 2014-2017
Variable Notes Due 2014-2019
Period Type:
Currency:
Units:
Annual
Reported Currency
S&P Capital IQ (Default)
Type
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Term Loans
Capital Lease
Commercial Paper
Bonds and Notes
Revolving Credit
Other Borrowings
Other Borrowings
Principal Due (USD)

132.0
243.0
389.0
212.0
200.0
489.0
238.0
485.0
312.0
249.0
722.0
375.0
14,051.0
2,527.0
1,034.0
1.0
Coupon/Base Rate
4.900%
5.000%
5.300%
5.500%
5.650%
6.100%
6.250%
6.375%
6.500%
6.750%
8.625%
0.775%
8.500%
3.600%
0.100%
Source:
Conversion:
Decimals:
A 2013 filed Feb-26-2014

Historical
Floating Rate
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
Maturity
2014
2015
2015
2018
2016
2036
2017
2038
2018
2037
2021
Apr-01-2013
Dec-31-2014
2014 - 2051
Dec-31-2014
Dec-31-2014
Other Borrowings
Other Borrowings
Revolving Credit
Bonds and Notes
Bonds and Notes
Bonds and Notes
9.0
112.0
4.400%
177.0
742.0
0.500%
3.300%
4.600%
NA
NA
NA
NA
NA
NA
2034
2014 - 2017
2014 - 2019
Seniority
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Secured
No
No
No
No
No
No
No
No
No
No
No
No
Yes
No
No
No
No
No
Convertible
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
Repayme
nt
Currency Principal Due * Coupon Rate
USD
0.00
USD
6.60
USD
12.88
USD
21.40
USD
11.98
USD
12.20
USD
30.56
USD
15.17
USD
31.53
USD
21.06
USD
21.48
USD
5.60
USD
31.88
USD
505.84
USD
2.53
USD
0.00
USD
0.00
USD
0.00
Senior
Senior
Senior
Senior
Senior
Senior
No
No
No
No
No
No
No
No
No
No
No
No
USD
USD
USD
USD
USD
0.00
4.93
0.00
0.00
5.84
34.13
775.58 Sum of Principal * Coupon Rate
22,699.00 Outstanding Principal
3.42% Weighted Average Coupon Rat
Coupon Rate
pal
Coupon Rate

AFM 204 - Class 10 Excel - Terminal Value

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Exxon Mobil Corporation (NYSE:XOM) > Financials > Income Statement

In Millions of the reported currency, except per share items.

Cost Of Goods Sold

Other Operating Exp., Total

For the Fiscal Period Ending

Selling General & Admin Exp.

Income/(Loss) from Affiliates

Income Tax Expense

Earnings of Discontinued Ops.

Minority Int. in Earnings

Gross Property, Plant & Equipment

Total Liabilities And Equity

Pref. Stock, Convertible

Debt Equivalent Oper. Leases

Other Operating Activities

Short Term Debt Issued

Issuance of Common Stock

Common Dividends Paid

Cash from Financing

Cash Returned to Shareholders

y ADRs, total share counts are ADR-equivalent.

is the same as the FCF input

Exxon Mobil Corporation (NYSE:XOM) > Financials > Income Statement

In Millions of the reported currency, except per share items.

Cost Of Goods Sold

Other Operating Exp., Total

For the Fiscal Period Ending

Selling General & Admin Exp.

Income/(Loss) from Affiliates

Income Tax Expense

Earnings of Discontinued Ops.

Minority Int. in Earnings

Gross Property, Plant & Equipment

Total Liabilities And Equity

Pref. Stock, Convertible

Debt Equivalent Oper. Leases

Other Operating Activities

Short Term Debt Issued

Issuance of Common Stock

Common Dividends Paid

Cash from Financing

Cash Returned to Shareholders

y ADRs, total share counts are ADR-equivalent.

110,629 Continue FCF Forecasts using TV assumptions

9,915,513 10,212,978 10,519,368 10,834,949 11,159,997 11,494,797 11,839,641 12,194,830 12,560,675

91,013,756 93,744,169 96,556,494 99,453,189

Exxon Mobil Corporation (NYSE:XOM) > Financials > Income Statement

In Millions of the reported currency, except per share items.

Other Operating Exp., Total

For the Fiscal Period Ending

Income/(Loss) from Affiliates

Income Tax Expense

Earnings of Discontinued Ops.

Minority Int. in Earnings

Gross Property, Plant & Equipment

Total Liabilities And Equity

Pref. Stock, Convertible

Debt Equivalent Oper. Leases

Other Operating Activities

Short Term Debt Issued

Issuance of Common Stock

Common Dividends Paid

Cash from Financing