This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.														Estimates	Estimates	Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Q2 2024
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/
Capital Power Corp					TSX	CPX	OTC	CPRHF	https://www.capitalpower.com/			Fiscal Yr:	Dec 31
Year	12/31/12	12/31/13	12/31/14	12/31/15	12/31/16	12/31/17	12/31/18	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23	12/31/24	12/31/25	12/31/26	12/31/27		Value	Description	#Y	Item	Total G
Accounting Rules						IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					Accounting Rules
														$3,403	<-12 mths	-12.54%
Revenue*	$1,291	$1,393	$1,228	$1,251	$1,214	$1,046	$1,249	$1,713	$1,791	$1,757	$2,712	$4,068	$3,677					199.43%	<-Total Growth	10	Revenue
Other income						$100	$145	$250	$146	$233	$217	$214	$214
Total Revenue	$1,291	$1,393	$1,228	$1,251	$1,214	$1,146	$1,394	$1,963	$1,937	$1,990	$2,929	$4,282	$3,891	$3,280	$4,227	$3,987		216.86%	<-Total Growth	10	Revenue
Increase	-23.65%	7.90%	-11.84%	1.87%	-2.96%	-5.60%	21.64%	40.82%	-1.32%	2.74%	47.19%	46.19%	-9.13%	-15.70%	28.87%	-5.68%		12.22%	<-IRR #YR->	10	Revenue	216.86%
5 year Running Average		$1,429	$1,473	$1,371	$1,275	$1,246	$1,247	$1,394	$1,531	$1,686	$2,043	$2,620	$3,006	$3,274	$3,722	$3,933		14.66%	<-IRR #YR->	5	Revenue	98.22%
Revenue per Share	$18.45	$17.22	$14.71	$12.85	$12.63	$10.99	$13.68	$18.63	$18.24	$17.13	$25.06	$36.33	$28.00	$21.25	$27.39	$25.83		7.40%	<-IRR #YR->	10	5 yr Running Average	104.12%
Increase	-35.64%	-6.68%	-14.56%	-12.69%	-1.72%	-12.99%	24.56%	36.13%	-2.07%	-6.12%	46.31%	44.98%	-22.94%	-24.09%	28.87%	-5.68%		16.62%	<-IRR #YR->	5	5 yr Running Average	115.69%
5 year Running Average		$33.50	$27.17	$18.38	$15.17	$13.68	$12.97	$13.75	$14.83	$15.73	$18.55	$23.08	$24.95	$25.55	$27.61	$27.76		6.64%	<-IRR #YR->	10	Revenue per Share	90.28%
P/S (Price/Sales) Med	1.26	1.23	1.67	1.65	1.62	2.26	1.91	1.65	1.62	2.28	1.78	1.13	1.84	2.52	0.00	0.00		8.49%	<-IRR #YR->	5	Revenue per Share	50.30%
P/S (Price/Sales) Close	1.23	1.24	1.77	1.38	1.84	2.23	1.94	1.85	1.92	2.30	1.85	1.04	2.28	2.69	2.09	2.22		-0.85%	<-IRR #YR->	10	5 yr Running Average	-8.18%
P/S 10 Year Median	0.65	0.85	1.04	1.23	1.24	1.26	1.44	1.63	1.63	1.65	1.66	1.66	1.72	1.81	1.81	1.72		12.65%	<-IRR #YR->	5	5 yr Running Average	81.41%
*Revenue in M CDN $					P/S Med	20 yr	1.63	15 yr	1.65	10 yr	1.72	5 yr	1.78		57.05%	Diff M/C
			-$1,228.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$3,891.0
								-$1,963.0	$0.0	$0.0	$0.0	$0.0	$3,891.0
			-$1,472.6	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$3,005.8
								-$1,393.6	$0.0	$0.0	$0.0	$0.0	$3,005.8
			-$14.71	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$28.00
								-$18.63	$0.00	$0.00	$0.00	$0.00	$28.00
			-$27.17	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$24.95
								-$13.75	$0.00	$0.00	$0.00	$0.00	$24.95
													$613.0	<-12 mths	-13.66%
														$3.12	<-12 mths	-39.45%
Normalized Earnings	$86	$127	$59	$111	$117	$104	$115	$140	$128	$221	$424	$710	$665
AEPS* Dilued	$1.29	$1.74	$0.72	$1.22	$1.15	$1.03	$1.12	$1.34	$1.22	$1.97	$3.64	$6.04	$5.15	$1.96	$3.89	$3.91		614.73%	<-Total Growth	10	AEPS
Increase	4.03%	34.88%	-58.62%	69.44%	-5.74%	-10.43%	8.74%	19.64%	-8.96%	61.48%	84.77%	66.06%	-14.87%	-61.91%	98.47%	0.51%		10	0	10	Years of Data, EPS P or N	100.00%
AEPS Yield	5.68%	8.17%	2.77%	6.87%	4.95%	4.21%	4.21%	3.90%	3.49%	4.99%	7.86%	15.97%	8.08%	3.42%	6.79%	6.83%		21.73%	<-IRR #YR->	10	AEPS	614.73%
5 year Running Average		$1.25	$1.28	$1.24	$1.22	$1.17	$1.05	$1.17	$1.17	$1.34	$1.86	$2.84	$3.60	$3.75	$4.14	$4.19		30.88%	<-IRR #YR->	5	AEPS	284.03%
Payout Ratio	97.67%	72.41%	181.94%	115.57%	131.30%	156.80%	154.46%	138.43%	160.04%	105.84%	61.06%	38.96%	48.52%	135.04%	71.05%	70.69%		10.92%	<-IRR #YR->	10	5 yr Running Average	182.02%
5 year Running Average		93.34%	108.73%	113.84%	119.78%	131.61%	148.02%	139.31%	148.21%	143.11%	123.97%	100.87%	82.88%	77.88%	70.93%	72.85%		25.19%	<-IRR #YR->	5	5 yr Running Average	207.52%
Price/AEPS Median	18.02	12.17	34.21	17.34	17.77	24.08	23.29	22.95	24.25	19.85	12.26	6.77	10.02	27.32	0.00	0.00		18.81	<-Median->	10	Price/AEPS Median
Price/AEPS High	19.91	12.93	39.69	22.02	21.18	25.59	26.46	26.18	31.78	22.57	14.21	7.73	13.18	32.24	0.00	0.00		22.29	<-Median->	10	Price/AEPS High
Price/AEPS Low	16.14	11.41	28.72	12.66	14.35	22.57	20.13	19.72	16.72	17.13	10.31	5.82	6.86	22.40	0.00	0.00		15.53	<-Median->	10	Price/AEPS Low
Price/AEPS Close	17.62	12.24	36.11	14.57	20.20	23.78	23.74	25.66	28.67	20.03	12.73	6.26	12.38	29.22	14.72	14.65		20.12	<-Median->	10	Price/AEPS Close
Trailing P/AEPS Close	18.33	16.51	14.94	24.68	19.04	21.30	25.82	30.71	26.10	32.34	23.52	10.40	10.54	11.13	29.22	14.72		24.10	<-Median->	10	Trailing P/AEPS Close
Median Values	Historical	in order	18.83	21.92	16.43	20.12	P/AEPS	5 Yrs	in order	12.26	14.21	10.31	12.73		138.31%	Diff M/C					DPR 75% to 95% best
* Adjusted Earnings per Share
			-$0.72	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.15
								-$1.34	$0.00	$0.00	$0.00	$0.00	$5.15
			-$1.28	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.60
								-$1.17	$0.00	$0.00	$0.00	$0.00	$3.60
														$950.0	<-12 mths	16.28%
														$6.93	<-12 mths	9.31%
Adjusted Funds from Operations	$381	$426	$362	$400	$307	$363	$397	$555	$522	$605	$848	$819	$817
AFFO*	$3.89	$5.85	$4.40	$4.15	$3.19	$3.58	$3.85	$5.32	$4.96	$5.40	$7.28	$6.99	$6.34	$6.16				44.16%	<-Total Growth	10	AFFO
Increase	0.00%	50.39%	-24.82%	-5.65%	-23.11%	12.20%	7.54%	38.18%	-6.77%	8.87%	34.81%	-3.98%	-9.30%	-2.84%				10	0	10	Years of Data, AFFP, P or N	100.00%
AFFO Yield	17.11%	27.47%	16.92%	23.35%	13.74%	14.62%	14.48%	15.47%	14.18%	13.68%	15.71%	18.47%	9.95%	10.76%				3.72%	<-IRR #YR->	10	AFFO	44.16%
5 year Running Average		$6.58	$5.89	$4.44	$4.30	$4.23	$3.83	$4.02	$4.18	$4.62	$5.36	$5.99	$6.19	$6.43				3.57%	<-IRR #YR->	5	AFFO	19.17%
Payout Ratio	32.39%	21.54%	29.79%	33.98%	47.32%	45.11%	44.94%	34.87%	39.36%	38.61%	30.53%	33.69%	39.38%	42.97%				0.50%	<-IRR #YR->	10	5 yr Running Average	5.14%
5 year Running Average		21.07%	25.43%	30.02%	33.00%	35.55%	40.23%	41.24%	42.32%	40.58%	37.66%	35.41%	36.32%	37.04%				9.04%	<-IRR #YR->	5	5 yr Running Average	54.15%
Price/AFFO Median	5.98	3.62	5.60	5.10	6.40	6.93	6.78	5.78	5.96	7.24	6.13	5.86	8.14	8.69				6.27	<-Median->	10	P/AFFO Med
Price/AFFO High	6.60	3.85	6.50	6.47	7.63	7.36	7.70	6.59	7.82	8.24	7.10	6.68	10.70	10.26				7.50	<-Median->	10	P/AFFO High
Price/AFFO Low	5.35	3.39	4.70	3.72	5.17	6.49	5.85	4.97	4.11	6.25	5.16	5.04	5.57	7.13				5.16	<-Median->	10	P/AFFO Low
Price/AFFO Close	5.84	3.64	5.91	4.28	7.28	6.84	6.91	6.46	7.05	7.31	6.36	5.41	10.05	9.30				6.87	<-Median->	10	P/AFFO Close
Trailing P/AFFO Close	5.84	5.48	4.44	4.04	5.60	7.68	7.43	8.93	6.58	7.96	8.58	5.20	9.12	9.03				7.55	<-Median->	10	Trailing P/AFFO Close
Median Values	Historical	in order	5.97	6.82	5.10	6.41	P/AFFO	5 Yrs	in order	6.13	7.82	5.16	7.05		51.65%	Diff M/C					DPR 75% to 95% best
* Adjusted Funds From Operations
			-$4.40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.34
								-$5.32	$0.00	$0.00	$0.00	$0.00	$6.34
			-$5.89	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.19
								-$4.02	$0.00	$0.00	$0.00	$0.00	$6.19
														$3.12	<-12 mths	-39.42%
EPS Basic	$0.84	$2.13	$0.28	$0.70	$0.91	$1.07	$2.25	$0.73	$0.78	$0.39	$0.85	$6.07	$5.16					1742.86%	<-Total Growth	10	EPS Basic
EPS Diluted*	$0.84	$2.08	$0.28	$0.70	$0.91	$1.07	$2.25	$0.72	$0.77	$0.39	$0.84	$6.04	$5.15	$1.67	$3.53	$3.67		1739.29%	<-Total Growth	10	EPS Diluted
Increase	-47.17%	147.62%	-86.54%	150.00%	30.00%	17.58%	110.28%	-68.00%	6.94%	-49.35%	115.38%	619.05%	-14.74%	-67.63%	111.76%	4.05%		10	0	10	Years of Data, EPS P or N
Earnings Yield	3.70%	9.77%	1.08%	3.94%	3.92%	4.37%	8.46%	2.09%	2.20%	0.99%	1.81%	15.96%	8.08%	2.91%	6.16%	6.41%		33.80%	<-IRR #YR->	10	Earnings per Share	1739.29%
5 year Running Average		$1.18	$1.06	$1.10	$0.96	$1.01	$1.04	$1.13	$1.14	$1.04	$0.99	$1.75	$2.64	$2.82	$3.45	$4.01		48.22%	<-IRR #YR->	5	Earnings per Share	615.28%
10 year Running Average							$1.11	$1.09	$1.12	$1.00	$1.00	$1.40	$1.88	$1.98	$2.24	$2.50		9.57%	<-IRR #YR->	10	5 yr Running Average	149.34%
* Diluted ESP per share									E/P	10 Yrs	3.93%	5Yrs	2.20%					18.48%	<-IRR #YR->	5	5 yr Running Average	133.45%
			-$0.28	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.15
								-$0.72	$0.00	$0.00	$0.00	$0.00	$5.15
			-$1.06	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.64
								-$1.13	$0.00	$0.00	$0.00	$0.00	$2.64
Dividend*														$2.68	$2.78	$2.81			Estimates		Dividend*
Increase														7.37%	3.80%	0.83%			Estimates		Increase
Payout Ratio EPS														160.83%	78.84%	76.40%			Estimates		Payout Ratio EPS
Special Dividends	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends
Dividend*	$1.2600	$1.2600	$1.3100	$1.4100	$1.5100	$1.615	$1.730	$1.855	$1.953	$2.085	$2.223	$2.355	$2.4969	$2.6467	$2.7640	$2.7640		90.60%	<-Total Growth	10	Dividends
Increase	0.00%	0.00%	3.97%	7.63%	7.09%	6.95%	7.12%	7.23%	5.26%	6.79%	6.59%	5.96%	6.03%	6.00%	4.43%	0.00%		12	0	15	Years of data, Count P, N
Average Increases 5 Year Running			20.79%	2.32%	3.74%	5.13%	6.55%	7.21%	6.73%	6.67%	6.60%	6.36%	6.12%	6.27%	5.80%	4.48%		6.46%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running		$1.13	$1.27	$1.30	$1.35	$1.42	$1.52	$1.62	$1.73	$1.85	$1.97	$2.09	$2.22	$2.36	$2.50	$2.61		70.95%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	5.42%	5.95%	5.32%	6.67%	7.39%	6.51%	6.63%	6.03%	6.60%	5.33%	4.98%	5.75%	4.84%	4.94%				6.27%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	4.91%	5.60%	4.58%	5.25%	6.20%	6.13%	5.84%	5.29%	5.04%	4.69%	4.30%	5.04%	3.68%	4.19%				5.15%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	6.05%	6.34%	6.33%	9.13%	9.15%	6.95%	7.68%	7.02%	9.57%	6.18%	5.92%	6.69%	7.07%	6.03%				7.05%	<-Median->	10	Yield on Low Price	AEPS
Yield on Close Price	5.54%	5.92%	5.04%	7.93%	6.50%	6.59%	6.51%	5.39%	5.58%	5.28%	4.80%	6.22%	3.92%	4.62%	4.83%	4.83%		5.90%	<-Median->	10	Yield on Close Price	AFFO
Payout Ratio EPS	150.00%	60.58%	467.86%	201.43%	165.93%	150.93%	76.89%	257.64%	253.57%	534.62%	264.58%	38.99%	48.48%	158.77%	78.30%	75.25%		$1.58	<-Median->	16	DPR EPS	CFPS
DPR EPS 5 Yr Running		96.10%	120.04%	118.40%	140.33%	140.97%	145.39%	143.72%	151.44%	177.64%	198.09%	119.52%	84.24%	83.81%	72.47%	64.94%		$1.41	<-Median->	12	DPR EPS 5 Yr Running	FCF
Payout Ratio CFPS	36.42%	20.51%	27.96%	32.77%	38.72%	45.29%	39.16%	27.15%	33.93%	27.94%	27.78%	33.77%	30.33%	30.94%	30.56%	30.37%		$0.29	<-Median->	16	DPR CF
DPR CF 5 Yr Running		15.17%	18.65%	24.61%	30.01%	31.44%	36.29%	35.28%	35.40%	32.95%	30.33%	29.90%	30.51%	30.10%	30.60%	31.09%		$0.30	<-Median->	12	DPR CF 5 Yr Running
Payout Ratio CFPS WC	22.72%	21.19%	25.25%	28.79%	36.48%	36.70%	31.53%	26.10%	27.75%	28.17%	30.00%	20.76%	32.83%	30.94%	30.56%	30.37%		$0.27	<-Median->	16	DPR CF WC
DPR CF WC 5 Yr Running		14.33%	17.06%	21.52%	26.25%	28.91%	31.41%	31.19%	30.75%	29.39%	28.59%	25.98%	27.24%	27.90%	28.40%	28.54%		$0.28	<-Median->	12	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	6.27%	5.90%	5 Yr Med	5 Yr Cl	5.33%	5.28%	5 Yr Med	Payout	253.57%	30.33%	28.17%					6.12%	<-IRR #YR->	5	Dividends	34.60%
* Dividends per share	10 Yr Med	and Cur.	-23.05%	-18.24%	5 Yr Med	and Cur.	-9.48%	-8.66%	Last Div Inc --->		$0.6519	$0.6910	6.00%					6.66%	<-IRR #YR->	10	Dividends	90.60%
Dividends Growth 15																		4.67%	<-IRR #YR->	15	Dividends	296.33%
Dividends Growth 5								-$1.86	$0.00	$0.00	$0.00	$0.00	$2.50								Dividends Growth 5
Dividends Growth 10			-$1.31	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.50								Dividends Growth 10
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.50								Dividends Growth 15
Historical Dividends	Historical	High Div	9.28%	Low Div	3.41%	10 Yr High	9.53%	10 Yr Low	3.74%	Med Div	5.63%	Close Div	5.47%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-47.99%	Cheap	41.53%	Exp.	-49.36%		29.04%	Exp.	-14.28%	Exp.	-11.75%								High/Ave/Median
Future Dividend Yield					Div Yd	6.50%	earning in	5	Years	at IRR of	6.12%	Div Inc.	34.60%								Future Dividend Yield
Future Dividend Yield					Div Yd	8.74%	earning in	10	Years	at IRR of	6.12%	Div Inc.	81.18%								Future Dividend Yield
Future Dividend Yield					Div Yd	11.77%	earning in	15	Years	at IRR of	6.12%	Div Inc.	143.88%								Future Dividend Yield
					Div Paid	$3.72	earning in	5	Years	at IRR of	6.12%	Div Inc.	34.60%								Future Dividend Paid
					Div Paid	$5.01	earning in	10	Years	at IRR of	6.12%	Div Inc.	81.18%								Future Dividend Paid
					Div Paid	$6.74	earning in	15	Years	at IRR of	6.12%	Div Inc.	143.88%								Future Dividend Paid
					Total Div	$15.62	over	5	Years	at IRR of	6.12%	Div Cov.	27.27%								Dividend Covering Cost
					Total Div	$32.92	over	10	Years	at IRR of	6.12%	Div Cov.	57.49%								Dividend Covering Cost
					Total Div	$56.21	over	15	Years	at IRR of	6.12%	Div Cov.	98.16%								Dividend Covering Cost
Yield if held 5 years			6.28%	6.17%	6.20%	6.95%	8.17%	7.53%	9.23%	10.21%	8.96%	9.03%	8.12%	8.95%	7.07%	6.19%		8.14%	<-Median->	10	Paid Median Price
Yield if held 10 years								8.89%	8.54%	8.57%	9.56%	11.12%	10.14%	12.51%	13.53%	11.14%		9.23%	<-Median->	6	Paid Median Price
Yield if held 15 years													11.97%	11.58%	11.36%	11.89%		11.97%	<-Median->	1	Paid Median Price
Yield if held 20 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
Yield if held 25 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
Cost covered if held 5 years			30.44%	28.43%	27.73%	30.56%	35.76%	32.97%	40.96%	45.22%	39.69%	40.14%	36.14%	39.91%	31.93%	29.19%		35.95%	<-Median->	10	Paid Median Price
Cost covered if held 10 years								69.37%	66.33%	65.68%	72.90%	85.20%	78.08%	96.78%	106.33%	92.21%		71.14%	<-Median->	6	Paid Median Price
Cost covered if held 15 years													122.64%	117.97%	116.98%	128.93%		122.64%	<-Median->	1	Paid Median Price
Cost covered if held 20 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
Cost covered if held 25 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$1,963	$1,937	$1,990	$2,929	$4,282	$3,891	$3,403	<-12 mths	-12.54%		98.22%	<-Total Growth	5	Revenue Growth	98.22%
AEPS Growth								$1.34	$1.22	$1.97	$3.64	$6.04	$5.15	$3.12	<-12 mths	-39.45%		284.03%	<-Total Growth	5	AEPS Growth	284.03%
Net Income Growth								$125	$136	$98	$138	$744	$699	$438	<-12 mths	-37.34%		459.20%	<-Total Growth	5	Net Income Growth	459.20%
Cash Flow Growth								$720	$611	$867	$935	$822	$1,144	$1,027	<-12 mths	-10.23%		58.89%	<-Total Growth	5	Cash Flow Growth	58.89%
Dividend Growth								$1.86	$1.95	$2.09	$2.22	$2.36	$2.50	$2.65	<-12 mths	6.00%		34.60%	<-Total Growth	5	Dividend Growth	34.60%
Stock Price Growth								$34.39	$34.98	$39.46	$46.33	$37.84	$63.72	$57.27	<-12 mths	-10.12%		85.29%	<-Total Growth	5	Stock Price Growth	85.29%
Revenue Growth			$1,228	$1,251	$1,214	$1,146	$1,394	$1,963	$1,937	$1,990	$2,929	$4,282	$3,891	$3,280	<-this year	-15.70%		216.86%	<-Total Growth	10	Revenue Growth	216.86%
AEPS Growth			$0.72	$1.22	$1.15	$1.03	$1.12	$1.34	$1.22	$1.97	$3.64	$6.04	$5.15	$1.96	<-this year	-61.91%		614.73%	<-Total Growth	10	AEPS Growth	614.73%
Net Income Growth			$46	$90	$111	$144	$274	$125	$136	$98	$138	$744	$699	$251	<-this year	-64.05%		1419.57%	<-Total Growth	10	Net Income Growth	1419.57%
Cash Flow Growth			$391	$419	$375	$372	$450	$720	$611	$867	$935	$822	$1,144	$1,320	<-this year	15.42%		192.58%	<-Total Growth	10	Cash Flow Growth	192.58%
Dividend Growth			$1.31	$1.41	$1.51	$1.62	$1.73	$1.86	$1.95	$2.09	$2.22	$2.36	$2.50	$2.68	<-this year	7.37%		90.60%	<-Total Growth	10	Dividend Growth	90.60%
Stock Price Growth			$26.00	$17.77	$23.23	$24.49	$26.59	$34.39	$34.98	$39.46	$46.33	$37.84	$63.72	$57.27	<-this year	-10.12%		145.08%	<-Total Growth	10	Stock Price Growth	145.08%
Dividends on Shares				$54.99	$58.89	$62.99	$67.47	$72.35	$76.15	$81.32	$86.68	$91.85	$97.38	$103.22	$107.80	$107.80		$750.04	No of Years	10	Total Dividends	12/31/14
Paid			$1,014.00	$693.03	$905.97	$955.11	$1,037.01	$1,341.21	$1,364.22	$1,538.94	$1,806.87	$1,475.76	$2,485.08	$2,233.53	$2,233.53	$2,233.53		$2,485.08	No of Years	10	Worth	$26.00
Total																		$3,235.12			Total Value
Graham Number AEPS	$26.20	$30.74	$19.64	$25.37	$24.24	$22.14	$23.69	$24.58	$22.44	$28.22	$34.52	$53.03	$56.44	$29.88	$42.10	$42.21		187.37%	<-Total Growth	10	Graham Number AEPS
Increase	1.78%	17.33%	-36.12%	29.20%	-4.48%	-8.64%	6.99%	3.73%	-8.71%	25.80%	22.32%	53.61%	6.42%	-47.05%	40.88%	0.26%		6.71%	<-Median->	10	Graham Price
Price/GP Ratio Med	0.89	0.69	1.25	0.83	0.84	1.12	1.10	1.25	1.32	1.39	1.29	0.77	0.91	1.79	0.00	0.00		1.11	<-Median->	10	Price/GP Ratio Med
Price/GP Ratio High	0.98	0.73	1.46	1.06	1.01	1.19	1.25	1.43	1.73	1.58	1.50	0.88	1.20	2.11	0.00	0.00		1.23	<-Median->	10	Price/GP Ratio High
Price/GP Ratio Low	0.79	0.65	1.05	0.61	0.68	1.05	0.95	1.08	0.91	1.20	1.09	0.66	0.63	1.47	0.00	0.00		0.93	<-Median->	10	Price/GP Ratio Low
Price/GP Ratio Close	0.87	0.69	1.32	0.70	0.96	1.11	1.12	1.40	1.56	1.40	1.34	0.71	1.13	1.92	1.36	1.36		1.13	<-Median->	10	Price/GP Ratio Close
Prem/Disc Close	7.49%	-36.63%	112.30%	-7.54%	7.74%	8.51%	-20.81%	90.90%	96.26%	214.24%	179.36%	-28.62%	12.86%	107.82%	42.81%	40.00%		10.69%	<-Median->	10	Graham Price
Based on EPS 3 yrs trailing	$22.99	$23.03	$28.38	$23.73	$22.83	$17.32	$21.16	$25.21	$23.57	$22.45	$14.32	$17.61	$38.73	$42.74	$44.19	$39.64			based on EPS		3 yrs trailing
Graham Number EPS	$21.15	$33.61	$12.25	$19.22	$21.56	$22.57	$33.58	$18.01	$17.82	$12.56	$16.58	$53.01	$56.46	$27.56	$40.10	$40.91		360.99%	<-Total Growth	10	Graham Number EPS
Increase	-27.47%	58.97%	-63.57%	56.94%	12.18%	4.68%	48.78%	-46.35%	-1.06%	-29.55%	32.07%	219.63%	6.51%	-51.19%	45.52%	2.01%		9.34%	<-Median->	10	Graham Price
Price/GP Ratio Med	1.10	0.63	2.01	1.10	0.95	1.10	0.78	1.71	1.66	3.11	2.69	0.77	0.91	1.94				1.10	<-Median->	10	Price/GP Ratio Med
Price/GP Ratio High	1.21	0.67	2.33	1.40	1.13	1.17	0.88	1.95	2.18	3.54	3.12	0.88	1.20	2.29				1.30	<-Median->	10	Price/GP Ratio High
Price/GP Ratio Low	0.98	0.59	1.69	0.80	0.77	1.03	0.67	1.47	1.14	2.69	2.26	0.66	0.63	1.59				0.92	<-Median->	10	Price/GP Ratio Low
Price/GP Ratio Close	1.07	0.63	2.12	0.92	1.08	1.09	0.79	1.91	1.96	3.14	2.79	0.71	1.13	2.08	1.43	1.40		1.11	<-Median->	10	Price/GP Ratio Close
Prem/Disc Close	7.49%	-36.63%	112.30%	-7.54%	7.74%	8.51%	-20.81%	90.90%	96.26%	214.24%	179.36%	-28.64%	12.91%	107.82%	42.81%	40.00%		10.71%	<-Median->	10	Graham Price
Month, Year	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec		15.00	<Count Years>		Month, Year
Price Close	$22.73	$21.30	$26.00	$17.77	$23.23	$24.49	$26.59	$34.39	$34.98	$39.46	$46.33	$37.84	$63.72	$57.27	$57.27	$57.27		145.08%	<-Total Growth	10	Stock Price
Increase	-9.51%	-6.29%	22.07%	-31.65%	30.73%	5.42%	8.57%	29.33%	1.72%	12.81%	17.41%	-18.33%	68.39%	-10.12%	0.00%	0.00%		22.42	<-Median->	10	CAPE (10 Yr P/E)
P/E Ratio	27.06	10.24	92.86	25.39	25.53	22.89	11.82	47.76	45.43	101.18	55.15	6.26	12.37	34.36	16.22	15.59		13.13%	<-IRR #YR->	5	Stock Price	85.29%
Trailing P/E Ratio	14.30	25.36	12.50	63.46	33.19	26.91	24.85	15.28	48.58	51.25	118.79	45.05	10.55	11.12	34.36	16.22		9.38%	<-IRR #YR->	10	Stock Price	145.08%
CAPE (10 Yr P/E)							20.90	22.42	22.89	27.07	29.42	22.27	18.51	19.60	18.83	18.18		18.20%	<-IRR #YR->	5	Price & Dividend	117.60%
Median 10, 5 Yrs		D.  per yr	4.92%	5.08%	% Tot Ret	34.41%	27.89%	T P/E	$39.12	$48.58	P/E:	$25.46	$45.43					14.30%	<-IRR #YR->	10	Price & Dividend	219.05%
Price 15		D.  per yr	4.75%		% Tot Ret	38.60%						CAPE Diff	53.24%					7.56%	<-IRR #YR->	15	Stock Price	198.18%
Price & Dividend 15																		12.30%	<-IRR #YR->	15	Price & Dividend	317.88%
Price  5								-$34.39	$0.00	$0.00	$0.00	$0.00	$63.72								Price  5	TD bank
Price 10			-$26.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$63.72								Price 10	POW 30
Price & Dividend 5								-$34.39	$1.95	$2.09	$2.22	$2.36	$66.22								Price & Dividend 5
Price & Dividend 10			-$26.00	$1.41	$1.51	$1.62	$1.73	$1.86	$1.95	$2.09	$2.22	$2.36	$66.22								Price & Dividend 10	to year 35
Price  15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$63.72								Price  15
Price & Dividend 15	$1.26	$1.26	$1.31	$1.41	$1.51	$1.62	$1.73	$1.86	$1.95	$2.09	$2.22	$2.36	$66.22								Price & Dividend 15	Price  35
Price H/L Median	$23.25	$21.18	$24.63	$21.15	$20.43	$24.81	$26.09	$30.75	$29.59	$39.11	$44.63	$40.95	$51.58	$53.55				109.42%	<-Total Growth	10	Stock Price
Increase	-4.48%	-8.90%	16.29%	-14.13%	-3.40%	21.41%	5.16%	17.88%	-3.79%	32.18%	14.13%	-8.25%	25.96%	3.81%				10.90%	<-IRR #YR->	5	Stock Price	67.74%
P/E Ratio	27.68	10.18	87.96	30.21	22.45	23.18	11.59	42.71	38.42	100.27	53.13	6.78	10.02	32.12				7.67%	<-IRR #YR->	10	Stock Price	109.42%
Trailing P/E Ratio	14.62	25.21	11.84	75.54	29.19	27.26	24.38	13.67	41.09	50.79	114.44	48.75	8.54	10.40				16.79%	<-IRR #YR->	5	Price & Dividend	103.88%
P/E on Running 5 yr Average		17.95	23.28	19.26	21.24	24.61	25.03	27.21	25.86	37.60	44.90	23.37	19.55	19.01				13.21%	<-IRR #YR->	10	Price & Dividend	187.50%
P/E on Running 10 yr Average							23.48	28.11	26.39	39.07	44.59	29.31	27.38	27.03				25.56	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	5.89%	5.53%	% Tot Ret	35.08%	41.90%	T P/E	35.14	48.75	P/E:	26.70	38.42						Count	15	Years of data
								-$30.75	$0.00	$0.00	$0.00	$0.00	$51.58
			-$24.63	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$51.58
								-$30.75	$1.95	$2.09	$2.22	$2.36	$54.08
			-$24.63	$1.41	$1.51	$1.62	$1.73	$1.86	$1.95	$2.09	$2.22	$2.36	$54.08
High Months	Jan	May	Sep	Jan	Dec	Sep	Oct	Dec	Feb	Oct	Aug	Jan	Dec	Jul
Price High	$25.68	$22.50	$28.58	$26.86	$24.36	$26.36	$29.63	$35.08	$38.77	$44.47	$51.72	$46.70	$67.85	$63.19				137.40%	<-Total Growth	10	Stock Price
Increase	-5.10%	-12.38%	27.02%	-6.02%	-9.31%	8.21%	12.41%	18.39%	10.52%	14.70%	16.30%	-9.71%	45.29%	-6.87%				14.10%	<-IRR #YR->	5	Stock Price	93.42%
P/E Ratio	30.57	10.82	102.07	38.37	26.77	24.64	13.17	48.72	50.35	114.03	61.57	7.73	13.17	37.91				9.03%	<-IRR #YR->	10	Stock Price	137.40%
Trailing P/E Ratio	16.15	26.79	13.74	95.93	34.80	28.97	27.69	15.59	53.85	57.75	132.62	55.60	11.23	12.27				28.67	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	44.32	55.60	P/E:	32.57	50.35					105.66	P/E Ratio		Historical High
								-$35.08	$0.00	$0.00	$0.00	$0.00	$67.85
			-$28.58	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$67.85
Low Months	Sep	Aug	Jan	Dec	Jan	Jan	Feb	Jan	Mar	Mar	Jan	Oct	Apr	Apr
Price Low	$20.82	$19.86	$20.68	$15.44	$16.50	$23.25	$22.54	$26.42	$20.40	$33.74	$37.54	$35.20	$35.31	$43.90				70.74%	<-Total Growth	10	Stock Price
Increase	-3.70%	-4.61%	4.13%	-25.34%	6.87%	40.91%	-3.05%	17.21%	-22.79%	65.39%	11.26%	-6.23%	0.31%	24.33%				5.97%	<-IRR #YR->	5	Stock Price	33.65%
P/E Ratio	24.79	9.55	73.86	22.06	18.13	21.73	10.02	36.69	26.49	86.51	44.69	5.83	6.86	26.33				5.50%	<-IRR #YR->	10	Stock Price	70.74%
Trailing P/E Ratio	13.09	23.64	9.94	55.14	23.57	25.55	21.07	11.74	28.33	43.82	96.26	41.90	5.85	8.52				21.89	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	26.94	41.90	P/E:	21.89	26.49					6.55	P/E Ratio		Historical Low
								-$26.42	$0.00	$0.00	$0.00	$0.00	$35.31
			-$20.68	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$35.31
Free Cash Flow Mkt Sc									$512	$647	$253	$99	$74	$695	$535	$324			<-Total Growth	4	Free Cash Flow Mkt Sc
Change										26.37%	-60.90%	-60.87%	-25.25%	838.92%	-23.06%	-39.36%		-43.06%	<-Median->	4	Change
														-$81	<-12 mths	-1720.00%
Free Cash Flow WSJ								$53	$278	$214	$217	$45	$5						<-Total Growth	5	Free Cash Flow WSJ
Change									424.53%	-23.02%	1.40%	-79.26%	-88.89%					-23.02%	<-Median->	5	Change
														-$161	<-12 mths	-0.63%
Free Cash Flow MS old				$279	$62	$154	$95	$85	$305	$245	$253	$280									Free Cash Flow MS old
Change					-77.78%	148.39%	-38.31%	-10.53%	258.82%	-19.67%	3.27%	10.67%									Change
Free Cash Flow MS	-$356	-$444	$171	$260	$40	$190	$130	$0	$270	$140	$50	$280	-$160	$641	$956			-193.57%	<-Total Growth	10	Free Cash Flow
Change	-1013%	-24.72%	138.51%	52.05%	-84.62%	375.00%	-31.58%	-100.00%	#DIV/0!	-48.15%	-64.29%	460.00%	-157.14%	500.31%	49.26%			#NUM!	<-IRR #YR->	5	Free Cash Flow MS	#DIV/0!
FCF/CF from Op Ratio	-1.47	-0.89	0.44	0.62	0.11	0.51	0.29	0.00	0.44	0.16	0.05	0.34	-0.14	0.49	0.68			#NUM!	<-IRR #YR->	10	Free Cash Flow MS	-193.57%
Dividends paid	$62	$62	$68	$106	$166	$194	$217	$238	$242	$219	$296	$290	$347	$408	$427			410.32%	<-Total Growth	10	Dividends paid
Percentage paid	-17.42%	-13.96%	39.77%	40.77%	415.00%	102.11%	166.92%	#DIV/0!	89.63%	156.43%	592.00%	103.57%	-216.89%	63.78%	44.62%			#DIV/0!	<-Median->	9	Percentage paid
5 Year Coverage			-45.58%	-87.03%	-141.03%	274.65%	94.94%	148.55%	167.78%	152.05%	205.42%	173.65%	240.35%	164.18%	100.09%						5 Year Coverage
Dividend Coverage Ratio	-5.74	-7.16	2.51	2.45	0.24	0.98	0.60	0.00	1.12	0.64	0.17	0.97	-0.46	1.57	2.24			0.62	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage			-2.19	-1.15	-0.71	0.36	1.05	0.67	0.60	0.66	0.49	0.58	0.42	0.61	1.00						5 Year of Coverage
								$0.00	0.00	0.00	0.00	0.00	-160.00
			-$171.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-160.00
Market Cap in $M	$1,590.1	$1,723.0	$2,170.0	$1,730.4	$2,233.6	$2,554.7	$2,708.8	$3,624.1	$3,714.2	$4,585.0	$5,415.4	$4,459.9	$8,855.8	$8,838.9	$8,838.9	$8,838.9		308.10%	<-Total Growth	10	Market Cap	308.10%
Diluted # of Shares in Million	66.82	98.87	82.54	96.39	96.28	101.09	103.33	105.01	105.85	112.81	117.22	117.46	129.23	145.56	145.56	145.56		56.55%	<-Total Growth	10	Diluted # of Shares in Million
Change	-26.18%	47.96%	-16.51%	16.78%	-0.12%	5.00%	2.22%	1.63%	0.80%	6.57%	3.91%	0.20%	10.02%	12.64%	0.00%	0.00%		4.58%	<-IRR #YR->	10	Change
Difference Diluted/Basic	0.0%	-26.3%	-0.3%	0.0%	-0.1%	-0.3%	-0.3%	-0.7%	-0.5%	-0.7%	-0.6%	-0.3%	-0.2%	-0.2%	-0.2%	-0.2%		4.24%	<-IRR #YR->	5	Difference Diluted/Basic
Change in Diluted Shares per Year
			-82.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	129.2
								-105.0	0.0	0.0	0.0	0.0	129.2
Basic # of Shares in Millions	66.82	72.82	82.31	96.39	96.21	100.75	102.98	104.30	105.30	112.05	116.54	117.06	128.90	145.23	145.23	145.23		56.61%	<-Total Growth	10	Basic
Change	50.99%	8.98%	13.03%	17.11%	-0.19%	4.71%	2.21%	1.28%	0.96%	6.41%	4.00%	0.45%	10.12%	12.67%	0.00%	0.00%		3.11%	<-Median->	10	Change
Difference Basic/Outstanding	4.69%	11.08%	1.40%	1.02%	-0.06%	3.54%	-1.07%	1.04%	0.83%	3.69%	0.30%	0.69%	7.82%	6.27%	6.27%	6.27%		0.93%	<-Median->	10	Difference Basic/Outstanding
														$1,027	<-12 mths	-10.23%
# of Share in Millions	69.956	80.890	83.461	97.380	96.152	104.314	101.873	105.382	106.181	116.194	116.887	117.863	138.979	154.337	154.337	154.337		5.23%	<-IRR #YR->	10	Shares	66.52%
Change	18.63%	15.63%	3.18%	16.68%	-1.26%	8.49%	-2.34%	3.44%	0.76%	9.43%	0.60%	0.83%	17.92%	11.05%	0.00%	0.00%		5.69%	<-IRR #YR->	5	Shares	31.88%
Cash Flow from Operations $M	$242	$497	$391	$419	$375	$372	$450	$720	$611	$867	$935	$822	$1,144	$1,320	$1,396	$1,404		192.58%	<-Total Growth	10	Cash Flow
Increase	-47.51%	105.37%	-21.33%	7.16%	-10.50%	-0.80%	20.97%	60.00%	-15.14%	41.90%	7.84%	-12.09%	39.17%	15.42%	5.73%	0.61%		SO, BuyBacks	Shares Iss		Pur of Company.
5 year Running Average		$349	$392	$402	$385	$411	$401	$467	$506	$604	$717	$791	$876	$1,018	$1,123	$1,217		123.30%	<-Total Growth	10	CF 5 Yr Running
CFPS	$3.46	$6.14	$4.68	$4.30	$3.90	$3.57	$4.42	$6.83	$5.75	$7.46	$8.00	$6.97	$8.23	$8.56	$9.05	$9.10		75.70%	<-Total Growth	10	Cash Flow per Share
Increase	-55.75%	77.61%	-23.75%	-8.16%	-9.36%	-8.56%	23.87%	54.67%	-15.78%	29.67%	7.20%	-12.81%	18.03%	3.93%	5.73%	0.61%		11.33%	<-IRR #YR->	10	Cash Flow	192.58%
5 year Running Average		$7.47	$6.81	$5.28	$4.50	$4.52	$4.17	$4.60	$4.89	$5.61	$6.49	$7.00	$7.28	$7.84	$8.16	$8.38		9.70%	<-IRR #YR->	5	Cash Flow	58.89%
P/CF on Med Price	6.72	3.45	5.26	4.92	5.24	6.96	5.91	4.50	5.14	5.24	5.58	5.87	6.27	6.26	0.00	0.00		5.80%	<-IRR #YR->	10	Cash Flow per Share	75.70%
P/CF on Closing Price	6.57	3.47	5.55	4.13	5.96	6.87	6.02	5.03	6.08	5.29	5.79	5.43	7.74	6.69	6.33	6.29		3.80%	<-IRR #YR->	5	Cash Flow per Share	20.48%
															23.74%	Diff M/C		0.68%	<-IRR #YR->	10	CFPS 5 yr Running	6.97%
														$994	<-12 mths	-5.96%
Excl.Working Capital CF	$146	-$16	$42	$58	$23	$87	$109	$29	$136	-$7	-$69	$515	-$87	$0	$0	$0		9.61%	<-IRR #YR->	5	CFPS 5 yr Running	58.22%
Cash Flow from Operations $M WC	$388	$481	$433	$477	$398	$459	$559	$749	$747	$860	$866	$1,337	$1,057	$1,320	$1,396	$1,404		144.11%	<-Total Growth	10	Cash Flow less WC
Increase	-23.77%	23.97%	-9.98%	10.16%	-16.56%	15.33%	21.79%	33.99%	-0.27%	15.13%	0.70%	54.39%	-20.94%	24.92%	5.73%	0.61%		9.33%	<-IRR #YR->	10	Cash Flow less WC	144.11%
5 year Running Average		$382	$436	$458	$435	$450	$465	$528	$582	$675	$756	$912	$973	$1,088	$1,195	$1,303		7.13%	<-IRR #YR->	5	Cash Flow less WC	41.12%
CFPS Excl. WC	$5.55	$5.95	$5.19	$4.90	$4.14	$4.40	$5.49	$7.11	$7.04	$7.40	$7.41	$11.34	$7.61	$8.56	$9.05	$9.10		8.36%	<-IRR #YR->	10	CF less WC 5 Yr Run	123.26%
Increase	-35.74%	7.21%	-12.75%	-5.58%	-15.50%	6.30%	24.71%	29.53%	-1.02%	5.21%	0.10%	53.11%	-32.95%	12.49%	5.73%	0.61%		13.00%	<-IRR #YR->	5	CF less WC 5 Yr Run	84.22%
5 year Running Average		$7.92	$7.44	$6.04	$5.14	$4.91	$4.82	$5.21	$5.63	$6.29	$6.89	$8.06	$8.16	$8.46	$8.79	$9.13		3.90%	<-IRR #YR->	10	CFPS - Less WC	46.60%
P/CF on Median Price	4.19	3.56	4.75	4.32	4.94	5.64	4.75	4.33	4.21	5.28	6.02	3.61	6.78	6.26	0.00	0.00		1.36%	<-IRR #YR->	5	CFPS - Less WC	7.01%
P/CF on Closing Price	4.10	3.58	5.01	3.63	5.61	5.57	4.85	4.84	4.97	5.33	6.25	3.34	8.38	6.69	6.33	6.29		0.92%	<-IRR #YR->	10	CFPS 5 yr Running	9.59%
*Operational Cash Flow.			CF/-WC	P/CF Med	10 yr	5.41	5 yr	5.58	P/CF Med	10 yr	4.84	5 yr	5.28		38.18%	Diff M/C		9.40%	<-IRR #YR->	5	CFPS 5 yr Running	56.71%
			-83.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	139.0								Shares
								-105.4	0.0	0.0	0.0	0.0	139.0								Shares
			-$391.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$1,144.0								Cash Flow
								-$720.0	$0.0	$0.0	$0.0	$0.0	$1,144.0								Cash Flow
			-$4.68	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.23								Cash Flow per Share
								-$6.83	$0.00	$0.00	$0.00	$0.00	$8.23								Cash Flow per Share
			-$6.81	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.28								CFPS 5 yr Running
								-$4.60	$0.00	$0.00	$0.00	$0.00	$7.28								CFPS 5 yr Running
			-$433.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$1,057.0								Cash Flow less WC
								-$749.0	$0.0	$0.0	$0.0	$0.0	$1,057.0								Cash Flow less WC
			-$436.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$973.4								CF less WC 5 Yr Run
								-$528.4	$0.0	$0.0	$0.0	$0.0	$973.4								CF less WC 5 Yr Run
			-$5.19	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.61								CFPS - Less WC
								-$7.11	$0.00	$0.00	$0.00	$0.00	$7.61								CFPS - Less WC
			-$7.44	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.16								CFPS 5 yr Running
								-$5.21	$0.00	$0.00	$0.00	$0.00	$8.16								CFPS 5 yr Running
Impairmant													27
Gains on acquisition and disposal	-$15	-$76					-$159	-$24
Net finance expense (note					$86	$108	$123	$156				166	221
Fair value changes on commodity			-$36	$1	-$12	$41	$67	-$118	$15	$220	429	-321	-238
Foreign exchange losses (gains					-$4	-$28	-$10	$5	$0	$9	15	6	29
Income Tax Paid					$30	-$41
Income from joint ventures					-$25	-$31	-$19	-$2		-$9	-32	-65	-76
Recognition of Government Grant											-126
Tax equity attributes										-$88	-83	-71	-76
Other  items			$21	-$17	-$13	-$21	$6	$21		-$30	$39	$13	$44
Change in fair value of derivative instruments				$8	-$31	-$5	$21	$29		-$43	-$213	$249	$13
Distributions received from joint ventures					$24	$27	$30	$12				$36	$120
Finance lease rec	$75	$78	$17	$19
Interest paid	-$59	-$67	-$45	-$80	-$73	-$81	-$96	-$110	-$132	-$111	-$89	-$111	-$163
Income Tax Paid	-$7	$10								$7	-$37	-$214	-$38
Other cash items					-$25	-$16	-$22	-$67	-$45	-$30	-$13	$13	$15
Change in non-cash operating working capital
Trade & Other Rec	-$105	$108	$25	$11	$17	-$26	-$78	$38	-$23	-$1	-$465	$275	$194
Income Tax
Inventory	-$14	-$10	-$13	$13	$5	$4	-$37	$11	-$31	$1	-$8	-$4	$77
Prepaid Expenses
Trade and other Pay	-$12	-$31	-$6	-$5	-$7	-$14	$66	$20	$89	$86	$655	-$470	-$58
Deferred Reven & other Liab			-$1	-$1			-$1	-$1	-$5	$16	-$7	-$4	-$5
Provisions	-$9	$4	-$4	-$7	$5	-$4		$1	-$4	-$2	$4	-$23
Change in Working Capital	-$146	$16	-$42	-$58	-$23	-$87	-$109	-$29	-$136	$25	$69	-$525	$86
TD				-$58	-$34	-$90	-$109	-$29	-$136	$7	$69	-$515	$87
Difference				$0	$11	$3	$0	$0	$0	$18	$0	-$10	-$1
OPM Ratio	18.75%	35.68%	31.84%	33.49%	30.89%	32.46%	32.28%	36.68%	31.54%	43.57%	31.92%	19.20%	29.40%	40.25%				-7.66%	<-Total Growth	10	OPM
Increase	-31.24%	90.33%	-10.76%	5.19%	-7.77%	5.09%	-0.55%	13.62%	-14.00%	38.12%	-26.73%	-39.86%	53.16%	36.92%					Should increase		or be stable.
Diff from Median	-41.6%	11.1%	-0.8%	4.3%	-3.8%	1.1%	0.6%	14.3%	-1.7%	35.7%	-0.6%	-40.2%	-8.4%	25.4%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	32.10%	5 Yrs	31.54%					should be	zero, it is a		check on calculations
EBIT									$477	$585	$800	$881	$830	$694	$1,064	$1,175					EBIT
Change										22.64%	36.75%	10.13%	-5.79%	-16.39%	53.31%	10.43%					Change
Margin									24.30%	30.20%	40.20%	30.08%	19.38%	17.84%	32.44%	27.80%					Margin
														$1,420	<-12 mths	6.53%
Adjusted EBITDA	$441	$509	$423	$482	$520	$551	$646	$1,029	$955	$1,124	$1,353	$1,455	$1,333	$1,596	$1,837	$1,858		215.13%	<-Total Growth	10	Debt
Change	-9.07%	15.42%	-16.90%	13.95%	7.88%	5.96%	17.24%	59.29%	-7.19%	17.70%	20.37%	7.54%	-8.38%	19.73%	15.10%	1.14%		10.92%	<-Median->	10	Change
Margin	26.08%	39.43%	30.37%	39.25%	41.57%	45.39%	56.37%	73.82%	48.65%	58.03%	67.99%	49.68%	31.13%	41.02%	56.01%	43.96%		49.16%	<-Median->	10	Margin
Covering Assets	$3,628	$3,525	$3,701	$3,679	$3,764	$4,378	$5,356	$6,089	$6,098	$6,203	$6,360	$6,557	$8,061	$7,798				117.81%	<-Total Growth	10	Covering Assets	Property, Plant and Equipments
Change		-2.84%	4.99%	-0.59%	2.31%	16.31%	22.34%	13.69%	0.15%	1.72%	2.53%	3.10%	22.94%	-3.26%				2.81%	<-Median->	10	Change	Type
Debt/Covering Assets Ratio	0.45	0.34	0.27	0.35	0.35	0.44	0.41	0.42	0.51	0.58	0.66	0.69	0.66	0.63				0.47	<-Median->	10	Debt/Covering Assets Ratio	Lg Term R
Long Term Debt	$1,640	$1,181	$987	$1,276	$1,308	$1,907	$2,191	$2,556	$3,135	$3,586	$4,217	$4,548	$5,313	$4,874				438.30%	<-Total Growth	10	Debt	Lg Term /A
Change	12.95%	-27.99%	-16.43%	29.28%	2.51%	45.80%	14.89%	16.66%	22.65%	14.39%	17.60%	7.85%	16.82%	-8.26%				16.74%	<-Median->	10	Change	Intang/GW
Debt/Market Cap Ratio	1.03	0.69	0.45	0.74	0.59	0.75	0.81	0.71	0.84	0.78	0.78	1.02	0.60	0.55				0.76	<-Median->	10	Debt/Market Cap Ratio	Liquidity
Assets/Current Liabilities Ratio	16.40	8.60	6.19	9.27	11.06	10.85	8.45	6.00	7.75	7.53	4.58	5.45	9.56	7.20				8.10	<-Median->	10	Assets/Current Liab Ratio	Liq. + CF
Debt to Cash Flow (Years)	6.78	2.38	2.52	3.05	3.49	5.13	4.87	3.55	5.13	4.14	4.51	5.53	4.64	3.69				4.58	<-Median->	10	Debt to Cash Flow (Years)	Debt Ratio
																						Leverage
Intangibles	$316	$310	$350	$341	$299	$401	$473	$760	$738	$749	$782	$740	$709					102.57%	<-Total Growth	10	Intangibles	D/E Ratio
Goodwill	$22	$23	$25	$30	$23	$35	$35	$35	$35	$35	$35	$35	$35					40.00%	<-Total Growth	10	Goodwill
Total	$338	$333	$375	$371	$322	$436	$508	$795	$773	$784	$817	$775	$744	$872				98.40%	<-Total Growth	10	Total
Change	-1.17%	-1.48%	12.61%	-1.07%	-13.21%	35.40%	16.51%	56.50%	-2.77%	1.42%	4.21%	-5.14%	-4.00%	17.20%				0.18%	<-Median->	10	Change
Intangible/Market Cap Ratio	0.21	0.19	0.17	0.21	0.14	0.17	0.19	0.22	0.21	0.17	0.15	0.17	0.08	0.10				0.17	<-Median->	10	Intangible/Market Cap Ratio
Current Assets	$526	$441	$492	$535	$554	$542	$921	$868	$1,157	$1,186	$1,686	$2,632	$1,948	$1,455				295.93%	<-Total Growth	10	Current Assets
Current Liabilities	$313	$607	$875	$582	$548	$636	$906	$1,439	$1,150	$1,205	$2,212	$2,047	$1,353	$1,662				54.63%	<-Total Growth	10	Current Liabilities
Liquidity Ratio	1.68	0.73	0.56	0.92	1.01	0.85	1.02	0.60	1.01	0.98	0.76	1.29	1.44	0.88				1.00	<-Median->	10	Ratio
Liq. with CF aft div	1.31	0.62	0.50	0.74	0.80	0.67	0.85	0.97	1.30	1.42	1.06	1.49	1.82	1.34				1.42	<-Median->	5	Ratio
Liq. with CF aft div (WC)	2.30	1.32	0.94	1.41	1.37	1.25	1.37	0.99	1.40	1.42	1.03	1.71	1.79	1.36
Liq. CF re  Inv+Div	0.52	0.67	-0.86	0.15	0.38	0.20	0.70	-0.12	0.15	-1.44	0.05	1.10	0.78	0.41				0.15	<-Median->	5	Ratio
Curr Long Term Debt	$19	$346	$599	$339	$200	$239	$456	$857	$417	$378	$733	$733	$304	$594				$417.0	<-Median->	5	Ratio
Liquidity Less CLTD	1.79	1.69	1.78	2.20	1.59	1.37	2.05	1.49	1.58	1.43	1.14	2.00	1.86	1.36				1.58	<-Median->	5	Ratio
Liq. with CF aft div	2.01	2.58	2.29	2.51	1.88	1.62	2.19	2.04	1.88	1.92	1.51	2.17	2.21	1.88				1.92	<-Median->	5	Ratio
Assets	$5,134	$5,219	$5,420	$5,393	$6,062	$6,898	$7,660	$8,630	$8,911	$9,073	$10,135	$11,156	$12,930	$11,959				138.56%	<-Total Growth	10	Assets
Liabilities	$2,382	$2,215	$2,417	$2,577	$3,161	$3,836	$4,541	$5,529	$5,982	$6,214	$7,675	$7,970	$8,359	$8,086				245.84%	<-Total Growth	10	Liabilities
Debt Ratio	2.16	2.36	2.24	2.09	1.92	1.80	1.69	1.56	1.49	1.46	1.32	1.40	1.55	1.48				1.55	<-Median->	10	Ratio
Estimates BVPS														$30.42	$30.46	$31.62			Estimates		Estimates BVPS
Estimate Book Value														$4,694.9	$4,701.1	$4,880.1			Estimates		Estimate Book Value
P/B Ratio (Close)														1.88	1.88	1.81			Estimates		P/B Ratio (Close)
Difference from 10 year median															75.88%	Diff M/C			Estimates		Difference from 10 yr med.
Book Value	$2,752	$3,004	$3,003	$2,816	$2,901	$3,062	$3,119	$3,101	$2,929	$2,859	$2,460	$3,186	$4,571	$3,873				52.21%	<-Total Growth	10	Book Value
NCI	$829	$587	$552	$68	$58	$48	$43	$37	$29	$18	$6	-$4	-$5	-$5				-100.91%	<-Total Growth	10	NCI
Book Value	$1,923	$2,417	$2,451	$2,748	$2,843	$3,014	$3,076	$3,064	$2,900	$2,841	$2,454	$3,190	$4,576	$3,878				86.70%	<-Total Growth	10	Book Value
Book Value per share	$27.49	$29.88	$29.37	$28.22	$29.57	$28.89	$30.19	$29.08	$27.31	$24.45	$20.99	$27.07	$32.93	$25.13				12.12%	<-Total Growth	10	Book Value per Share
P/B Ratio (Median)	0.85	0.71	0.84	0.75	0.69	0.86	0.86	1.06	1.08	1.60	2.13	1.51	1.57	2.13				0.96	<-Median->	10	10 Year P/B Ratio
									P/B Ratios	10 yr Med	1.07	5 yr Med	1.57
Preference Shares	$268	$464	$464	$464	$660	$807	$807	$953	$953	$753	$753	$753	$753	$753				62.28%	<-Total Growth	10	Preferred Shares
Net Book Value	$1,655	$1,953	$1,987	$2,284	$2,183	$2,207	$2,269	$2,111	$1,947	$2,088	$1,701	$2,437	$3,823	$3,125	$3,125	$3,125		92.40%	<-Total Growth	10	Net Book Value
Book Value per share	$23.66	$24.14	$23.81	$23.45	$22.70	$21.16	$22.27	$20.03	$18.34	$17.97	$14.55	$20.68	$27.51	$20.25	$20.25	$20.25		15.54%	<-Total Growth	10	Book Value per Share
Increase	-0.42%	2.05%	-1.39%	-1.48%	-3.20%	-6.81%	5.27%	-10.06%	-8.46%	-2.00%	-19.02%	42.08%	33.04%	-26.39%	0.00%	0.00%		156.47%	P/B Ratio		Current/Historical Median
P/B Ratio (Median)	0.98	0.88	1.03	0.90	0.90	1.17	1.17	1.54	1.61	2.18	3.07	1.98	1.88	2.64	0.00	0.00		1.10	P/B Ratio		Historical Median
P/B Ratio (Close)	0.96	0.88	1.09	0.76	1.02	1.16	1.19	1.72	1.91	2.20	3.18	1.83	2.32	2.83	2.83	2.83		1.46%	<-IRR #YR->	10	Book Value per Share	15.54%
Change	-9.13%	-8.18%	23.79%	-30.63%	35.05%	13.13%	3.14%	43.80%	11.12%	15.11%	44.98%	-42.52%	26.58%	22.10%	0.00%	0.00%		6.55%	<-IRR #YR->	5	Book Value per Share	37.32%
Median 10 year P/B Ratio	1.00	0.98	1.00	0.98	0.96	0.98	1.00	1.02	1.03	1.10	1.17	1.35	1.57	1.74	1.74	1.74
Leverage (A/BK)	3.10	2.67	2.73	2.36	2.78	3.13	3.38	4.09	4.58	4.35	5.96	4.58	3.38	3.83	0.00	0.00		4.58	<-Median->	5	A/BV
Debt/Equity Ratio	1.44	1.13	1.22	1.13	1.45	1.74	2.00	2.62	3.07	2.98	4.51	3.27	2.19	2.59	0.00	0.00		3.07	<-Median->	5	Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities)									P/B Ratios	10 yr Med	1.57	5 yr Med	1.98		79.67%	Diff M/C		3.38	Historical		Leverage (A/BK)
			-$23.81	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$27.51
								-$20.03	$0.00	$0.00	$0.00	$0.00	$27.51
														$368.00	<-12 mths	-62.37%
Total Comprehensive Income	$116	$186	$90	$130	$76	$19	$365	$57	$69	$60	$38	$1,016	$980
NCI	$42	$41	$14	-$2	-$9	-$10	-$7	-$6	-$6	-$11	-$10	-$7	$2
Shareholders	$74	$145	$76	$132	$85	$29	$372	$63	$75	$71	$48	$1,023	$978					1186.84%	<-Total Growth	10	Comprehensive Income
Increase	-6.33%	95.95%	-47.59%	73.68%	-35.61%	-65.88%	1182.76%	-83.06%	19.05%	-5.33%	-32.39%	2031.25%	-4.40%					-4.40%	<-Median->	5	Comprehensive Income
5 Yr Running Average		$65	$76	$101	$102	$93	$139	$136	$125	$122	$126	$256	$439					29.11%	<-IRR #YR->	10	Comprehensive Income	1186.84%
ROE	4.5%	7.4%	3.8%	5.8%	3.9%	1.3%	16.4%	3.0%	3.9%	3.4%	2.8%	42.0%	25.6%					73.06%	<-IRR #YR->	5	Comprehensive Income	1452.38%
5Yr Median		4.9%	4.5%	5.6%	4.5%	3.9%	3.9%	3.9%	3.9%	3.4%	3.4%	3.4%	3.9%					19.20%	<-IRR #YR->	10	5 Yr Running Average	479.16%
% Difference from Net Income	19.4%	-17.1%	65.2%	46.7%	-23.4%	-79.9%	35.8%	-49.6%	-44.9%	-27.6%	-65.2%	37.5%	39.9%					26.37%	<-IRR #YR->	5	5 Yr Running Average	222.32%
Median Values										Diff	5, 10 yr	-25.5%	-27.6%					3.9%	<-Median->	5	Return on Equity
			-$76.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$978.0
								-$63.0	$0.0	$0.0	$0.0	$0.0	$978.0
			-$75.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$439.0
								-$136.2	$0.0	$0.0	$0.0	$0.0	$439.0
Current Liability Coverage Ratio	1.24	0.79	0.49	0.82	0.73	0.72	0.62	0.52	0.65	0.71	0.39	0.65	0.78	0.79							CFO / Current Liabilities
5 year Median	0.88	0.79	0.79	0.82	0.79	0.73	0.72	0.72	0.65	0.65	0.62	0.65	0.65	0.71				0.68	<-Median->	10	Current Liability Cov Ratio
Asset Efficiency Ratio	7.56%	9.22%	7.99%	8.84%	6.57%	6.65%	7.30%	8.68%	8.38%	9.48%	8.54%	11.98%	8.17%	11.04%							CFO / Total Assets
5 year Median	7.32%	7.56%	7.99%	8.84%	7.99%	7.99%	7.30%	7.30%	7.30%	8.38%	8.54%	8.68%	8.54%	9.48%				8.5%	<-Median->	10	Return on Assets
Return on Assets ROA	1.21%	3.35%	0.85%	1.67%	1.83%	2.09%	3.58%	1.45%	1.53%	1.08%	1.36%	6.67%	5.41%	2.10%				Net	Income/Assets		Return on Assets
5Yr Median	0.81%	1.21%	1.21%	1.62%	1.67%	1.83%	1.83%	1.83%	1.83%	1.53%	1.45%	1.45%	1.53%	2.10%				1.7%	<-Median->	10	Asset Efficiency Ratio
Return on Equity ROE	3.75%	8.96%	2.32%	3.94%	5.08%	6.52%	12.08%	5.92%	6.99%	4.69%	8.11%	30.53%	18.28%	8.04%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	4.02%	4.29%	3.75%	3.94%	3.94%	5.08%	5.08%	5.92%	6.52%	6.52%	6.99%	6.99%	8.11%	8.11%				6.8%	<-Median->	10	Return on Equity
														$409	<-12 mths	-38.50%
Shareholders Net Income	$62	$175	$46	$90	$111	$144	$274	$125	$136	$98	$138	$744	$699								Earnings per Share
Preferred Shareholders Div	6	20	23	23	23	36	42	49	54	54	39	34	34
Net for Shareholders EPS	$56	$155	$23	$67	$88	$108	$232	$76	$82	$44	$99	$710	$665
														$438	<-12 mths	-37.34%
Net Income	$90	$228	$50	$86	$102	$134	$267	$119	$130	$87	$128	$737	$701
NCI	$28	$53	$4	-$4	-$9	-$10	-$7	-$6	-$6	-$11	-$10	-$7	$2
Shareholders	$62	$175	$46	$90	$111	$144	$274	$125	$136	$98	$138	$744	$699	$251	$573	$598		1419.57%	<-Total Growth	10	Net Income
Increase	-19.48%	182.26%	-73.71%	95.65%	23.33%	29.73%	90.28%	-54.38%	8.80%	-27.94%	40.82%	439.13%	-6.05%	-64.05%	128.01%	4.36%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average		$69.2	$74.2	$90.0	$96.8	$113.2	$133.0	$149	$158	$155	$154	$248	$363	$386.1	$481.1	$573.1		31.27%	<-IRR #YR->	10	Net Income	1419.57%
Operating Cash Flow	$242	$497	$391	$419	$375	$372	$450	$720	$611	$867	$935	$822	$1,144					41.10%	<-IRR #YR->	5	Net Income	459.20%
Investment Cash Flow	-$466	-$348	-$230	-$136	-$253	-$1,114	-$554	-$866	-$349	-$585	-$910	-$807	-$1,916					17.21%	<-IRR #YR->	10	5 Yr Running Average	389.22%
Total Accruals	$286	$26	-$115	-$193	-$11	$886	$378	$271	-$126	-$184	$113	$729	$1,471					19.53%	<-IRR #YR->	5	5 Yr Running Average	143.95%
Total Assets	$5,134	$5,219	$5,420	$5,393	$6,062	$6,898	$7,660	$8,630	$8,911	$9,073	$10,135	$11,156	$12,930						Balance Sheet		Assets
Accruals Ratio	5.57%	0.50%	-2.12%	-3.58%	-0.18%	12.84%	4.93%	3.14%	-1.41%	-2.03%	1.11%	6.53%	11.38%					1.11%	<-Median->	5	Ratio
EPS/CF Ratio (WC)	0.15	0.35	0.05	0.14	0.22	0.24	0.41	0.10	0.11	0.05	0.11	0.53	0.68					0.18	<-Median->	10	EPS/CF Ratio
			-$46.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$699.0
								-$125.0	$0.0	$0.0	$0.0	$0.0	$699.0
			-$74.2	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$363.0
								-$148.8	$0.0	$0.0	$0.0	$0.0	$363.0
Change in Close	-9.51%	-6.29%	22.07%	-31.65%	30.73%	5.42%	8.57%	29.33%	1.72%	12.81%	17.41%	-18.33%	68.39%	-10.12%	0.00%	0.00%			Count	16	Years of data
up/down													down	down					Count	2	12.50%
Meet Prediction?																		% right	Count	0	0.00%
Financial Cash Flow	$205	-$101	-$191	-$280	-$102	$697	$2,363	$218	-$146	-$275	-$102	$1,103	$202						C F Statement		Financial Cash Flow
Total Accruals	$81	$127	$76	$87	$91	$189	-$1,985	$53	$20	$91	$215	-$374	$1,269								Accruals
Accruals Ratio	1.58%	2.43%	1.40%	1.61%	1.50%	2.74%	-25.91%	0.61%	0.22%	1.00%	2.12%	-3.35%	9.81%					1.00%	<-Median->	5	Ratio
Cash	$53	$100	$71	$80	$98	$52	$182	$248	$367	$387	$307	$1,423	$865	$308							Cash
Cash per Share	$0.76	$1.24	$0.85	$0.82	$1.02	$0.50	$1.79	$2.35	$3.46	$3.33	$2.63	$12.07	$6.22	$2.00				$3.46	<-Median->	5	Cash per Share
Percentage of Stock Price	3.33%	5.80%	3.27%	4.62%	4.39%	2.04%	6.72%	6.84%	9.88%	8.44%	5.67%	31.91%	9.77%	3.48%				9.77%	<-Median->	5	% of Stock Price
Notes:
August 29, 2025.  Last estimates ere for 2024, 2025, 2026 of $3164M, $2546M, $2765M Revenue, $4.03, $3.15, $4.19 AEPS, $6.36, $6.16 2024/5 AFFO, $3.85, $2.73, $4.64 EPS,
$2.53, $2.67, $2.75 Dividend, $814M, $641M, $956M FCF, $7.45, $7.23, $7.51 CFPS, $1357M, $1435M, $1494M EBITDA, $26.65, $27.30, $29.13 BVPS, $503M, $360M, $618M Net Income.
August 18, 2024.  Last estimates were for $3299M, $2450M, $2569M Revenue, $5.35, $3.31, $2.59 AEPS, $7.23, $6.71 2023/4 AFFO, $5.45, $3.02, $2.17 EPS,
$2.39, $2.52, $2.65 Dividends, $8.63, $8.25, $7.69 CFPS, $1500M, $1233M 2023/4 EBITDA, $22.50, $23.20, $22.90 BVPS, $640M, $358M, $214M Net Income.
August 19, 2023.  Last estimates were for 2022, 2023 and 2024 of $2167M, $1947M and $2296M for Revenue, $3.16, $2.78 and $3.03 for AEPS, $6.25 and 6.16 for 2022/3 for AFFO,
$2.96, $2.26 and $3.44 for EPS, $2.25, $2.37 and $2.47 for Dividends, $570M, $530M and $4.85M for FCF, $9.20, $7.71 and $8.45 fpr CFPS, and $358M, $317M for 2022/3 for Net Income.
August 21, 2022.  Last estimates were for 2021, $2022 and 2023 of $1876M, $1865M and $2037M for Revenue, $1.99, $1.89 and $2.71 for EPS,
$2.11, $2.23 and $2.31 for Dividends, $558M, $446M and $523M for FCF, $6.85, $6.71 and $6.85 for CFPS, $235M and $217M for 2021-22 for Net Income./td>
August 21, 2021.  Last estimates were for 2020, 2021 and 2022 of $1798M $1712M and $1775M for Revenue, $1.02, $1.38 and $2.68 for EPS,
$1.98, $2.11 and $2.20 for Div., $456M, $519M and $583M for FCF, $6.10, $6.32 and $6.27 for CFPS and $106M, $147M and $282M for Net Income.
August 2020.  Started Spreadsheet
Capital Power became a company through an Initial Public Offering (IPO), and the power generating assets and business of EPCOR were moved to
Capital Power as a new, separate, independent, and publicly traded company.  Capital Power commenced trading on the TSX, and its new era as a
North American wholesale power generator, on July 9, 2009
Edmonton Power Corporation (EPCOR)
Initial Public Offering in 2009, Capital Power
Sector:
Utilities, Infrastructure
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock.
Capital power Corp is in John Heinzl's yield Hog model portfolio.
In Money Sense annual list of the 100 best dividend stocks for 2021, this stock was rated an A.
Why I bought this stock.
Dividends
Dividends are paid quarterly in Cycle 1 of January, April, July and October.  Dividends are declared in one month for shareholders of record of the following month and paid in the next month.
For example, the dividends declared on February 21, 2020 are for shareholders of record of March 31, 2020 and is payble on April 30, 2020.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers
For employees
For community
For investors
How they make their money.
Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital
Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada
and the U.S. Capital Power's natural gas and coal facilities.
Shares; '%, Value $M	Div.			Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date	5.55%	11.30%			2019	Sep 14	2020	Aug 21	2021	Aug 21	2022	Aug 19	2023	Aug 18	2024			Aug 29	2025
Dey, Avik	5.42%	10.29%										0.000	0.00%	0.000	0.00%			0.000	0.00%			#DIV/0!
CEO - Shares - Amount													$0.000		$0.000				$0.000
Options - percentage	Div.											0.116	0.10%	0.260	0.19%			0.393	0.25%			51.21%
Options - amount	7.51%	22.02%											$4.374		$16.578				$22.531
	5.28%	9.28%
Vaasjo, Brian Tellef	5.51%	10.09%		0.128	0.12%	0.128	0.12%	0.128	0.11%	0.132	0.11%
CEO - Shares - Amount					$4.409		$4.484		$5.058		$6.103
Options - percentage	Div.	check		1.767	1.68%	1.679	1.58%	1.427	1.23%	1.277	1.09%
Options - amount	6.45%	17.63%			$60.762		$58.724		$56.305		$59.159
	5.09%	9.71%
Haskins, Sandra Anne	5.37%	10.61%		0.000	0.00%	0.003	0.00%	0.005	0.00%	0.009	0.01%	0.008	0.01%	0.010	0.01%			0.010	0.01%			0.00%
CFO - Shares - Amount					$0.000		$0.090		$0.182		$0.413		$0.319		$0.643				$0.578
Options - percentage	Div.	check		0.000	0.00%	0.038	0.04%	0.060	0.05%	0.087	0.07%	0.119	0.10%	0.143	0.10%			0.160	0.10%			11.84%
Options - amount	6.28%	19.88%			$0.000		$1.338		$2.370		$4.050		$4.505		$9.130				$9.178
	5.34%	12.72%
DeNeve, Bryan	5.15%	11.28%		0.025	0.02%	0.036	0.03%	0.039	0.03%	0.039	0.03%	0.037	0.03%	0.012	0.01%			0.006	0.00%		used to be CFO	-51.52%
Officer - Shares - Amount					$0.857		$1.277		$1.557		$1.828		$1.398		$0.768				$0.335		Last report Mar 2025
Options - percentage	Div.	check		0.399	0.38%	0.399	0.38%	0.279	0.24%	0.175	0.15%	0.190	0.16%	0.186	0.13%			0.154	0.10%			-16.96%
Options - amount	6.82%	14.13%			$13.710		$13.961		$11.015		$8.118		$7.201		$11.826				$8.827
	6.41%	12.32%
Chisholm, Burness Kathryn	5.73%	9.89%		0.019	0.02%	0.022	0.02%	0.025	0.02%	0.027	0.02%	0.027	0.02%								Last updated Mar 2023	#DIV/0!
Officer - Shares - Amount					$0.640		$0.779		$0.989		$1.262		$1.031
Options - percentage	Div.	check		0.382	0.36%	0.390	0.37%	0.316	0.27%	0.301	0.26%	0.300	0.25%									#DIV/0!
Options - amount	5.08%	18.21%			$13.144		$13.637		$12.464		$13.964		$11.337
	4.92%	14.30%
Wollin, Steve	4.75%	12.30%												0.000	0.00%			0.135	0.09%			#DIV/0!
Officer - Shares - Amount															$0.000				$7.744
Options - percentage														0.034	0.02%			1.349	0.87%			3843.46%
Options - amount															$2.180				$77.249
Graham, Carolyn Joan														0.001	0.00%			0.001	0.00%			0.00%
Director - Shares - Amount															$0.079				$0.071
Options - percentage														0.002	0.00%			0.007	0.00%			262.42%
Options - amount															$0.127				$0.414
Perry, Barry										0.026	0.02%	0.026	0.02%	0.026	0.02%			0.026	0.02%		Added because he owns shares	0.00%
Director - Shares - Amount											$1.205		$0.984		$1.657				$1.489
Options - percentage										0.002	0.00%	0.004	0.00%	0.008	0.01%			0.014	0.01%			76.82%
Options - amount											$0.077		$0.144		$0.489				$0.777
Beneby, Doyle Nolan				0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%									#DIV/0!
Director - Shares - Amount					$0.000		$0.000		$0.000		$0.000		$0.000
Options - percentage				0.033	0.03%	0.038	0.04%	0.048	0.04%	0.056	0.05%	0.064	0.05%									#DIV/0!
Options - amount					$1.132		$1.342		$1.898		$2.599		$2.437
Graham, Carolyn Joan												0.001	0.00%	0.001	0.00%			0.001	0.00%			0.00%
Chairman - Shares - Amt													$0.047		$0.079				$0.071
Options - percentage												0.000	0.00%	0.002	0.00%			0.007	0.00%			262.42%
Options - amount													$0.000		$0.127				$0.414
Gardiner, Jill						0.007	0.01%	0.007	0.01%	0.007	0.01%	0.006	0.00%	0.007	0.00%			0.007	0.00%			0.00%
Chairman - Shares - Amt							$0.235		$0.265		$0.311		$0.216		$0.427				$0.384
Options - percentage						0.019	0.02%	0.024	0.02%	0.030	0.03%	0.036	0.03%	0.094	0.07%			0.102	0.07%			8.43%
Options - amount							$0.669		$0.952		$1.379		$1.370		$5.984				$5.831
Increase in O/S Shares				0.546	0.54%	1.029	0.99%	0.749	0.71%	0.889	0.76%	0.693	0.59%	0.315	0.27%			0.828	0.60%
Due to Stock Options					$18.767		$35.399		$26.205		$35.063		$32.105		$11.907				$52.756
Book Value					$14.000		$25.000		$19.000		$23.000		$17.000		$9.000				$27.000
Insider Buying					-$0.631		-$0.396		-$0.570		-$0.391		-$1.175		-$0.957				$0.000
Insider Selling					$9.097		$2.402		$26.282		$19.336		$3.268		$5.135				$3.172
Net Insider Selling					$8.465		$2.007		$25.712		$18.945		$2.094		$4.179				$3.172
Net Selling % of Market Cap					0.23%		0.05%		0.56%		0.35%		0.05%		0.05%				0.04%
Directors						9		9		10		10		11				10
Women						4	44%	4	44%	4	40%	4	40%	4	36%			4	40%
Minorities						1	11%	1	11%	1	10%	2	20%	2	18%			2	20%
Institutions/Holdings								20	16.10%	20	11.62%	20	16.36%	20	16.12%			20	17.75%
Total Shares Held								18.458	15.89%	13.539	11.58%	19.137	16.24%	20.952	15.08%			27.539	17.84%
Increase/Decrease 3 Mths								-0.606	-3.18%	-0.073	-0.54%	-1.255	-6.15%	0.447	2.18%			1.425	5.46%
Starting No. of Shares								19.064		13.612		20.392		20.505				26.113