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.														6/30/24
See my website on stocks or see my blog at the following sites.						https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/				Q2 2024
Finning International Inc				TSX:	FTT	OTC:	FINGF	https://www.finning.com/en_CA.html				Fiscal Yr:	Dec 31
Year	12/31/11	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		Value	Description	#Y	Item	Total G
Accounting Rules	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					Accounting Rules
Split Date
Split value																					Split
														$9,888	<-12 mths	3.62%
Revenue*	$5,895	$6,622	$6,756	$6,918	$6,190	$5,628	$6,265	$6,996	$7,817	$6,196	$7,294	$9,279	$10,527
Increase	27.01%	12.34%	2.02%	2.40%	-10.52%	-9.08%	11.32%	11.67%	11.74%	-20.74%	17.72%	27.21%	13.45%
Net Revenue*	$5,895	$6,622	$6,756	$6,918	$6,190	$5,628	$6,265	$6,996	$7,290	$5,768	$6,696	$8,215	$9,543	$10,075	$10,386	$10,862		41.25%	<-Total Growth	10	Revenue
Increase	27.01%	12.34%	2.02%	2.40%	-10.52%	-9.08%	11.32%	11.67%	4.20%	-20.88%	16.09%	22.69%	16.17%	5.57%	3.09%	4.58%		3.51%	<-IRR #YR->	10	Revenue	41.25%
5 year Running Average	$5,385	$5,577	$5,730	$6,166	$6,476	$6,423	$6,351	$6,399	$6,474	$6,389	$6,603	$6,993	$7,502	$8,059	$8,983	$9,816		6.41%	<-IRR #YR->	5	Revenue	36.41%
Revenue per Share	$34.36	$38.52	$39.28	$40.13	$36.84	$33.47	$37.23	$42.56	$44.64	$35.58	$42.43	$54.39	$66.27	$69.96	$72.12	$75.43		2.73%	<-IRR #YR->	10	5 yr Running Average	30.92%
Increase	26.90%	12.12%	1.96%	2.18%	-8.21%	-9.15%	11.25%	14.31%	4.88%	-20.29%	19.25%	28.18%	21.84%	5.57%	3.09%	4.58%		3.23%	<-IRR #YR->	5	5 yr Running Average	17.24%
5 year Running Average	$31.30	$32.57	$33.39	$35.87	$37.83	$37.65	$37.39	$38.05	$38.95	$38.70	$40.49	$43.92	$48.66	$53.73	$61.04	$67.63		5.37%	<-IRR #YR->	10	Revenue per Share	68.73%
P/S (Price/Sales) Med	0.71	0.67	0.61	0.71	0.59	0.66	0.75	0.67	0.65	0.55	0.76	0.58	0.59	0.57	0.00	0.00		9.26%	<-IRR #YR->	5	Revenue per Share	55.71%
P/S (Price/Sales) Close	0.65	0.64	0.69	0.63	0.51	0.79	0.85	0.56	0.57	0.76	0.75	0.62	0.58	0.59	0.57	0.55		3.84%	<-IRR #YR->	10	5 yr Running Average	45.72%
*Revenue in M CDN $					P/S Med	20 yr	0.67	15 yr	0.66	10 yr	0.65	5 yr	0.59		-9.51%	Diff M/C		5.04%	<-IRR #YR->	5	5 yr Running Average	27.90%
			-$6,756	$0	$0	$0	$0	$0	$0	$0	$0	$0	$9,543
								-$6,996	$0	$0	$0	$0	$9,543
			-$5,730	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7,502
								-$6,399	$0	$0	$0	$0	$7,502
			-$39.28	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$66.27
								-$42.56	$0.00	$0.00	$0.00	$0.00	$66.27
			-$33.39	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$48.66
								-$38.05	$0.00	$0.00	$0.00	$0.00	$48.66
														$550	<-12 mths	-4.85%
														$3.87	<-12 mths	-1.02%
Calculated										$185	$352	$504	$578
Adjusted Net Income	$259	$338	$335	$318	$221	$147	$224	$277	$269	$186	$352	$504	$578
AEPS* Basic	$1.51	$1.96	$1.95	$1.85	$1.29	$0.88	$1.36	$1.65	$1.65	$1.14	$2.18	$3.25	$3.91	$3.92	$4.21	$4.70		100.51%	<-Total Growth	10	AEPS
Increase	428.26%	29.80%	-0.51%	-5.13%	-30.27%	-31.78%	54.55%	21.32%	0.00%	-30.91%	91.23%	49.08%	20.31%	0.26%	7.40%	11.64%		10	0	10	Years of Data, EPS P or N	100.00%
5 year Running Average	$0.79	$0.87	$1.15	$1.36	$1.71	$1.59	$1.47	$1.41	$1.37	$1.34	$1.60	$1.97	$2.43	$2.88	$3.49	$4.00		7.20%	<-IRR #YR->	10	AEPS	100.51%
AEPS Yield	6.80%	7.98%	7.18%	7.33%	6.91%	3.35%	4.29%	6.93%	6.52%	4.22%	6.84%	9.66%	10.20%	9.47%	10.17%	11.36%		18.83%	<-IRR #YR->	5	AEPS	136.97%
Payout Ratio	33.77%	28.06%	30.64%	37.03%	56.20%	82.95%	54.78%	47.88%	49.39%	71.93%	39.45%	28.71%	25.22%	27.42%	26.13%	23.40%		7.79%	<-IRR #YR->	10	5 yr Running Average	111.69%
5 year Running Average	38.16%	39.15%	29.92%	25.90%	37.14%	46.98%	52.32%	55.77%	58.24%	61.39%	52.69%	47.47%	42.94%	38.55%	29.39%	26.18%		11.53%	<-IRR #YR->	5	5 yr Running Average	72.55%
Price/AEPS Median	16.16	13.17	12.29	15.46	16.96	25.13	20.65	17.39	17.49	17.23	14.84	9.76	10.02	10.11	0.00	0.00		17.09	<-Median->	10	Price/AEPS Median
Price/AEPS High	20.03	15.20	13.97	18.32	19.90	31.25	23.75	21.09	15.99	24.56	17.44	12.20	11.74	11.40	0.00	0.00		19.11	<-Median->	10	Price/AEPS High
Price/AEPS Low	12.28	11.13	10.61	12.59	14.02	19.01	17.55	13.69	18.99	9.89	12.25	7.32	8.29	8.83	0.00	0.00		13.14	<-Median->	10	Price/AEPS Low
Price/AEPS Close	14.71	12.54	13.92	13.64	14.48	29.88	23.32	14.42	15.33	23.71	14.62	10.36	9.80	10.56	9.83	8.80		14.55	<-Median->	10	Price/AEPS Close
Trailing P/AEPS Close	-48.28	16.27	13.85	12.94	10.10	20.38	36.05	17.50	15.33	16.38	27.96	15.44	11.79	10.58	10.56	9.83		15.91	<-Median->	10	Trailing P/AEPS Close
Median Values		DPR	10 Yrs	48.64%	5 Yrs	39.45%	P/CF	5 Yrs	in order	14.84	15.99	9.89	14.62		-28.89%	Diff M/C					DPR 75% to 95% best
* Adjusted Earnings per Share
Adjusted Net Income			-$1.95	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.91
								-$1.65	$0.00	$0.00	$0.00	$0.00	$3.91
			-$1.15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.43
								-$1.41	$0.00	$0.00	$0.00	$0.00	$2.43
														$3.51	<-12 mths	-0.85%
Difference Basic and Diluted	0.00%	0.00%	0.51%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%	0.00%	0.28%					0.00%	<-Median->	2	Difference Basic and Diluted
Pre Split 97				$1.84	$1.36
Pre Split '07					-26.07%
EPS Basic	$1.51	$1.96	$1.95	$1.85	-$0.94	$0.38	$1.31	$1.38	$1.48	$1.43	$2.26	$3.25	$3.55					82.05%	<-Total Growth	10	Earnings
Pre Split 97
Pre Split '07
EPS Diluted*	$1.51	$1.96	$1.94	$1.84	-$0.94	$0.38	$1.31	$1.38	$1.48	$1.43	$2.25	$3.25	$3.54	$3.94	$4.39	$4.70		82.47%	<-Total Growth	10	Earnings
Increase	428.26%	29.80%	-1.02%	-5.15%	-151.09%	140.43%	244.74%	5.34%	7.25%	-3.38%	57.34%	44.44%	8.92%	11.30%	11.35%	7.13%		9	1	10	Years of Data, EPS P or N	90.00%
Earnings Yield	6.8%	8.0%	7.1%	7.3%	-5.0%	1.4%	4.1%	5.8%	5.8%	5.3%	7.1%	9.7%	9.2%	9.5%	10.6%	11.4%		6.20%	<-IRR #YR->	10	Earnings per Share	82.47%
5 year Running Average	$0.78	$0.87	$1.14	$1.36	$1.26	$1.04	$0.91	$0.79	$0.72	$1.20	$1.57	$1.96	$2.39	$2.88	$3.47	$3.96		20.73%	<-IRR #YR->	5	Earnings per Share	156.52%
10 year Running Average	$0.83	$0.95	$1.06	$1.17	$0.98	$0.91	$0.89	$0.97	$1.04	$1.23	$1.30	$1.43	$1.59	$1.80	$2.33	$2.77		7.65%	<-IRR #YR->	10	5 yr Running Average	108.92%
* Diluted ESP per share									E/P	10 Yrs	5.82%	5Yrs	7.06%					24.66%	<-IRR #YR->	5	5 yr Running Average	201.01%
			-$1.94	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.54
								-$1.38	$0.00	$0.00	$0.00	$0.00	$3.54
			-$1.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.39
								-$0.79	$0.00	$0.00	$0.00	$0.00	$2.39
Dividend*														$1.08	$1.11				Estimates		Dividend*
Increase														9.03%	3.63%				Estimates		Increase
Payout Ratio EPS														27.28%	25.39%				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
Pre Split 97
Pre Split '07
Dividend*	$0.51	$0.55	$0.60	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.8200	$0.8600	$0.9330	$0.9860	$1.0750	$1.1000	$1.1000		65.02%	<-Total Growth	10	Dividends
Increase	8.51%	7.84%	8.64%	14.64%	5.84%	0.69%	2.05%	6.04%	3.16%	0.61%	4.88%	8.49%	5.68%	9.03%	2.33%	0.00%		27	2	36	Years of data, Count P, N	75.00%
Average Increases 5 Year Running	13.6%	9.0%	6.8%	9.3%	9.1%	7.5%	6.4%	5.9%	3.6%	2.5%	3.4%	4.6%	4.6%	5.7%	6.1%	5.1%		5.25%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$0.44	$0.48	$0.51	$0.56	$0.61	$0.66	$0.70	$0.74	$0.76	$0.78	$0.81	$0.84	$0.88	$0.93	$0.99	$1.04		71.92%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	2.09%	2.13%	2.49%	2.40%	3.31%	3.30%	2.65%	2.75%	2.82%	4.18%	2.66%	2.94%	2.52%	2.71%				2.79%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	1.69%	1.85%	2.19%	2.02%	2.82%	2.65%	2.31%	2.27%	3.09%	2.93%	2.26%	2.35%	2.15%	2.40%				2.33%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	2.75%	2.52%	2.89%	2.94%	4.01%	4.36%	3.12%	3.50%	2.60%	7.27%	3.22%	3.92%	3.04%	3.11%				3.36%	<-Median->	10	Yield on Low Price	AEPS
Yield on Close Price	2.30%	2.24%	2.20%	2.72%	3.88%	2.78%	2.35%	3.32%	3.22%	3.03%	2.70%	2.77%	2.57%	2.60%	2.66%	2.66%		2.77%	<-Median->	10	Yield on Close Price	CFPS
Payout Ratio EPS	33.77%	28.06%	30.80%	37.23%	-77.13%	192.11%	56.87%	57.25%	55.07%	57.34%	38.22%	28.71%	27.85%	27.28%	25.07%	23.40%		46.64%	<-Median->	10	DPR EPS	FCF
DPR EPS 5 Yr Running	56.67%	55.43%	44.89%	41.42%	48.61%	63.47%	76.88%	92.57%	105.40%	65.22%	51.34%	43.08%	36.94%	32.44%	28.53%	26.21%		57.40%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	-108.14%	71.08%	19.97%	21.64%	32.14%	27.90%	44.30%	49.95%	69.69%	13.82%	31.93%	14092.15%	62.28%	18.98%	15.61%	#DIV/0!		38.22%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	45.97%	40.65%	30.32%	33.72%	35.20%	27.85%	27.40%	32.52%	40.89%	30.04%	30.86%	37.05%	38.76%	29.43%	29.15%	#DIV/0!		33.12%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	14.74%	12.35%	10.70%	12.48%	18.24%	30.61%	20.38%	20.04%	18.06%	17.89%	14.80%	12.24%	11.17%	18.98%	15.61%	#DIV/0!		17.98%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	14.96%	15.30%	14.35%	13.33%	13.36%	15.02%	16.51%	18.90%	20.60%	20.44%	17.91%	15.94%	14.08%	14.38%	14.17%	#DIV/0!		16.23%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	2.79%	2.77%	5 Yr Med	5 Yr Cl	2.82%	2.77%	5 Yr Med	Payout	38.22%	62.28%	14.80%					4.53%	<-IRR #YR->	5	Dividends	24.81%
* Dividends per share	10 Yr Med	and Cur.	-4.68%	-4.18%	5 Yr Med	and Cur.	-5.88%	-4.10%	Last Div Inc --->		$0.2360	$0.2500	5.93%					5.14%	<-IRR #YR->	10	Dividends	65.02%
Yield if held 15 years																		5.69%	<-IRR #YR->	15	Dividends	129.30%
Yield if held 20 years																		12.12%	<-IRR #YR->	20	Dividends	447.78%
Yield if held 25 years																		9.59%	<-IRR #YR->	25	Dividends	886.00%
Yield if held 30 years																		10.84%	<-IRR #YR->	30	Dividends	2091.11%
Yield if held 35 years																		7.44%	<-IRR #YR->	35	Dividends
Yield if held 40 years																		8.09%	<-IRR #YR->	36	Dividends
Yield if held 5 years								-$0.79	$0.00	$0.00	$0.00	$0.00	$0.99								Yield if held 5 years
Yield if held 10 years			-$0.60	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.99								Yield if held 10 years
Yield if held 15 years	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.99								Yield if held 15 years
Yield if held 20 years	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.99								Yield if held 20 years
Yield if held 25 years	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.99								Yield if held 25 years
Yield if held 30 years	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.99								Yield if held 30 years
Yield if held 35 years	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.99								Yield if held 35 years
Yield if held 40 years	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.99								Yield if held 40 years
Historical Dividends	Historical	High Div	4.35%	Low Div	1.02%	10 Yr High	6.98%	10 Yr Low	2.04%	Med Div	1.98%	Close Div	2.05%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-40.28%		154.69%	Exp.	-62.78%		27.35%	Cheap	31.21%	Cheap	26.78%								High/Ave/Median
Future Dividend Yield					Div Yield	3.32%	earning in	5	Years	at IRR of	4.53%	Div Inc.	24.81%								Future Dividend Yield
Future Dividend Yield					Div Yield	4.14%	earning in	10	Years	at IRR of	4.53%	Div Inc.	55.78%								Future Dividend Yield
Future Dividend Yield					Div Yield	5.17%	earning in	15	Years	at IRR of	4.53%	Div Inc.	94.42%								Future Dividend Yield
Future Dividend Paid					Div Paid	$1.37	earning in	5	Years	at IRR of	4.53%	Div Inc.	24.81%								Future Dividend Paid
Future Dividend Paid					Div Paid	$1.71	earning in	10	Years	at IRR of	4.53%	Div Inc.	55.78%								Future Dividend Paid
Future Dividend Paid					Div Paid	$2.14	earning in	15	Years	at IRR of	4.53%	Div Inc.	94.42%								Future Dividend Paid
Dividend Covering Cost					Total Div	$6.02	over	5	Years	at IRR of	4.53%	Div Cov.	14.55%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$12.16	over	10	Years	at IRR of	4.53%	Div Cov.	29.40%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$19.83	over	15	Years	at IRR of	4.53%	Div Cov.	47.92%								Dividend Covering Cost
																						Years
Yield if held 5 years	2.43%	1.94%	2.75%	4.71%	3.29%	2.99%	2.89%	3.30%	2.85%	3.75%	3.89%	3.32%	3.44%	3.73%	5.60%	3.40%		3.31%	<-Median->	10	Paid Median Price	5
Yield if held 10 years	6.28%	4.53%	4.25%	4.26%	3.94%	3.48%	2.63%	3.64%	5.60%	3.72%	3.52%	3.62%	4.11%	3.76%	5.03%	4.97%		3.68%	<-Median->	10	Paid Median Price	10
Yield if held 15 years	8.38%	6.30%	8.31%	11.23%	12.23%	9.00%	6.14%	5.62%	5.07%	4.45%	4.10%	3.30%	4.54%	7.39%	4.98%	4.51%		5.35%	<-Median->	10	Paid Median Price	15
Yield if held 20 years	14.89%	17.60%	14.26%	12.89%	14.31%	12.00%	8.53%	10.99%	13.36%	13.83%	10.60%	7.69%	7.02%	6.69%	5.97%	5.24%		11.49%	<-Median->	10	Paid Median Price	20
Yield if held 25 years			22.62%	21.27%	21.28%	21.31%	23.84%	18.85%	15.34%	16.19%	14.14%	10.68%	13.71%	17.62%	18.55%	13.56%		17.52%	<-Median->	10	Paid Median Price	25
Yield if held 30 years								29.91%	25.31%	24.06%	25.11%	29.86%	23.53%	20.24%	21.72%	18.08%		25.21%	<-Median->	6	Paid Median Price	30
Yield if held 35 years													37.33%	33.39%	32.28%	32.12%		37.33%	<-Median->	1	Paid Median Price
Cost covered if held 5 years	10.54%	8.48%	11.82%	19.34%	13.90%	13.47%	13.50%	15.33%	13.30%	17.83%	18.22%	15.02%	15.38%	16.20%	25.22%	16.05%		15.18%	<-Median->	10	Paid Median Price
Cost covered if held 10 years	39.86%	29.97%	28.84%	28.24%	27.38%	26.21%	20.79%	28.73%	45.50%	31.57%	29.99%	29.84%	33.75%	29.65%	40.48%	41.71%		29.29%	<-Median->	10	Paid Median Price
Cost covered if held 15 years	61.41%	47.92%	65.13%	86.35%	99.37%	80.38%	58.68%	55.00%	51.93%	48.56%	45.42%	35.69%	49.05%	77.63%	54.02%	51.28%		53.46%	<-Median->	10	Paid Median Price
Cost covered if held 20 years	119.27%	147.04%	122.85%	108.56%	126.21%	115.45%	87.80%	116.24%	148.73%	165.13%	130.04%	93.45%	86.42%	81.02%	75.46%	70.19%		115.85%	<-Median->	10	Paid Median Price
Cost covered if held 25 years			208.14%	188.90%	196.40%	215.26%	258.48%	210.56%	180.19%	203.21%	181.71%	136.11%	177.63%	225.35%	248.68%	194.04%		192.65%	<-Median->	10	Paid Median Price
Cost covered if held 30 years								347.28%	307.07%	310.86%	332.92%	393.46%	315.91%	268.17%	301.02%	267.10%		324.41%	<-Median->	6	Paid Median Price
Cost covered if held 35 years													514.40%	452.22%	456.24%	484.57%		514.40%	<-Median->	1	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$6,996	$7,290	$5,768	$6,696	$8,215	$9,543	$9,888	<-12 mths	3.62%		36.41%	<-Total Growth	5	Revenue Growth	36.41%
AEPS Growth								$1.65	$1.65	$1.14	$2.18	$3.25	$3.91	$3.87	<-12 mths	-1.02%		136.97%	<-Total Growth	5	AEPS Growth	136.97%
Net Income Growth								$232	$242	$232	$364	$503	$523	$506	<-12 mths	-3.25%		125.43%	<-Total Growth	5	Net Income Growth	125.43%
Cash Flow Growth								$260	$191	$962	$425	$1	$228	$515	<-12 mths	125.88%		-12.31%	<-Total Growth	5	Cash Flow Growth	-12.31%
Dividend Growth								$0.79	$0.82	$0.82	$0.86	$0.93	$0.99	$1.08	<-12 mths	9.03%		24.81%	<-Total Growth	5	Dividend Growth	24.81%
Stock Price Growth								$23.80	$25.30	$27.03	$31.88	$33.66	$38.32	$41.38	<-12 mths	7.99%		61.01%	<-Total Growth	5	Stock Price Growth	61.01%
Revenue Growth			$6,756	$6,918	$6,190	$5,628	$6,265	$6,996	$7,290	$5,768	$6,696	$8,215	$9,543	$10,075	<-this year	5.57%		41.25%	<-Total Growth	10	Revenue Growth	41.25%
AEPS Growth			$1.95	$1.85	$1.29	$0.88	$1.36	$1.65	$1.65	$1.14	$2.18	$3.25	$3.91	$3.92	<-this year	0.26%		100.51%	<-Total Growth	10	AEPS Growth	100.51%
Net Income Growth			$335	$318	-$161	$65	$221	$232	$242	$232	$364	$503	$523	$562	<-this year	7.46%		56.00%	<-Total Growth	10	Net Income Growth	56.00%
Cash Flow Growth			$515	$546	$379	$440	$283	$260	$191	$962	$425	$1	$228	$816	<-this year	257.74%		-55.70%	<-Total Growth	10	Cash Flow Growth	-55.70%
Dividend Growth			$0.60	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.82	$0.86	$0.93	$0.99	$1.1	<-this year	9.03%		65.02%	<-Total Growth	10	Dividend Growth	65.02%
Stock Price Growth			$27.15	$25.23	$18.68	$26.29	$31.72	$23.80	$25.30	$27.03	$31.88	$33.66	$38.32	$41.38	<-this year	7.99%		41.14%	<-Total Growth	10	Stock Price Growth	41.14%
Dividends on Shares				$25.35	$26.83	$27.01	$27.57	$29.23	$30.16	$30.34	$31.82	$34.52	$36.48	$39.78	$40.70	$40.70		$299.29	No of Years	10	Total Divs	12/31/13
Paid			$1,004.55	$933.51	$691.16	$972.73	$1,173.64	$880.60	$936.10	$1,000.11	$1,179.56	$1,245.42	$1,417.84	$1,531.06	$1,531.06	$1,531.06		$1,417.84	No of Years	10	Worth	$27.15
Total																		$1,717.13
Graham No. AEPS	$16.32	$20.05	$21.77	$22.68	$18.82	$14.96	$18.89	$21.82	$21.93	$18.68	$26.87	$34.39	$39.19	$39.71	$41.16	$43.49		80.03%	<-Total Growth	10	Graham Number AEPS	Item
Price/GP Ratio Med	1.50	1.29	1.10	1.26	1.16	1.48	1.49	1.31	1.32	1.05	1.20	0.92	1.00	1.00				1.23	<-Median->	10	Price/GP Ratio	Revenue Growth
Price/GP Ratio High	1.85	1.49	1.25	1.49	1.36	1.84	1.71	1.59	1.20	1.50	1.41	1.15	1.17	1.13				1.45	<-Median->	10	Price/GP Ratio	AEPS Growth
Price/GP Ratio Low	1.14	1.09	0.95	1.03	0.96	1.12	1.26	1.04	1.43	0.60	0.99	0.69	0.83	0.87				1.01	<-Median->	10	Price/GP Ratio	Net Income Growth
Price/GP Ratio Close	1.36	1.23	1.25	1.11	0.99	1.76	1.68	1.09	1.15	1.45	1.19	0.98	0.98	1.04	1.01	0.95		1.13	<-Median->	10	Price/GP Ratio	Cash Flow Growth
Prem/Disc Close	36.09%	22.56%	24.72%	11.23%	-0.73%	75.73%	67.88%	9.05%	15.39%	44.68%	18.64%	-2.13%	-2.22%	4.20%	0.54%	-4.84%		13.31%	<-Median->	10	Graham Price	Dividend Growth
																						Stock Price Growth
Graham No. EPS	$16.32	$20.05	$21.71	$22.62	$10.21	$9.83	$18.54	$19.96	$20.77	$20.92	$27.30	$34.39	$37.29	$39.81	$42.01	$43.49		71.74%	<-Total Growth	10	Graham Number EPS
Price/GP Ratio Med	1.50	1.29	1.10	1.26	2.14	2.25	1.51	1.44	1.39	0.94	1.19	0.92	1.05	1.00				1.33	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.85	1.49	1.26	1.50	2.51	2.80	1.74	1.74	1.27	1.34	1.39	1.15	1.23	1.12				1.45	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	1.14	1.09	0.95	1.03	1.77	1.70	1.29	1.13	1.51	0.54	0.98	0.69	0.87	0.87				1.08	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	1.36	1.23	1.25	1.12	1.83	2.67	1.71	1.19	1.22	1.29	1.17	0.98	1.03	1.04	0.98	0.95		1.21	<-Median->	10	Price/GP Ratio
Prem/Disc Close	36.09%	22.56%	25.04%	11.53%	82.90%	167.42%	71.06%	19.24%	21.83%	29.18%	16.78%	-2.13%	2.76%	3.93%	-1.50%	-4.84%		20.54%	<-Median->	10	Graham Price
Pre Split '07
Price Close	$22.21	$24.57	$27.15	$25.23	$18.68	$26.29	$31.72	$23.80	$25.30	$27.03	$31.88	$33.66	$38.32	$41.38	$41.38	$41.38		41.14%	<-Total Growth	10	Stock Price
Increase	-18.01%	10.63%	10.50%	-7.07%	-25.96%	40.74%	20.65%	-24.97%	6.30%	6.84%	17.94%	5.58%	13.84%	7.99%	0.00%	0.00%		21.87	<-Median->	10	CAPE (10 Yr P/E)
P/E	14.71	12.54	13.99	13.71	-19.87	69.18	24.21	17.25	17.09	18.90	14.17	10.36	10.82	10.50	9.43	8.80		9.99%	<-IRR #YR->	5	Stock Price	61.01%
Trailing P/E	-48.28	16.27	13.85	13.01	10.15	-27.97	83.47	18.17	18.33	18.26	22.29	14.96	11.79	11.69	10.50	9.43		3.51%	<-IRR #YR->	10	Stock Price	41.14%
CAPE (10 Yr P/E)	23.58	22.03	20.89	19.54	23.24	25.42	26.40	25.12	24.23	20.50	20.08	18.91	17.71	16.54	13.74	12.14		13.07%	<-IRR #YR->	5	Price & Dividend	469.93%
Median 10, 5 Yrs		D.  per yr	2.54%	3.07%	% Tot Ret	41.96%	23.51%	T P/E	16.56	18.26	P/E:	15.63	14.17					6.04%	<-IRR #YR->	10	Price & Dividend	259.47%
Price 15		D.  per yr	3.08%		% Tot Ret	31.13%						CAPE Diff	-51.98%					6.82%	<-IRR #YR->	15	Stock Price	168.91%
Price  20		D.  per yr	2.37%		% Tot Ret	33.03%												4.80%	<-IRR #YR->	20	Stock Price	155.47%
Price  25		D.  per yr	2.95%		% Tot Ret	26.72%												8.09%	<-IRR #YR->	25	Stock Price	599.27%
Price  30		D.  per yr	2.45%		% Tot Ret	25.40%												7.21%	<-IRR #YR->	30	Stock Price	706.74%
Price  35		D.  per yr	2.64%		% Tot Ret	25.04%												7.91%	<-IRR #YR->	35	Stock Price
Price  40		D.  per yr	2.81%		% Tot Ret	25.50%												8.19%	<-IRR #YR->	36	Stock Price
Price & Dividend 15																		9.90%	<-IRR #YR->	15	Price & Dividend	350.54%
Price & Dividend 20																		7.17%	<-IRR #YR->	20	Price & Dividend	328.01%
Price & Dividend 25																		11.04%	<-IRR #YR->	25	Price & Dividend	1071.56%
Price & Dividend 30																		9.66%	<-IRR #YR->	30	Price & Dividend	986.35%
Price & Dividend 35																		10.55%	<-IRR #YR->	35	Stock Price
Price & Dividend 40																		11.00%	<-IRR #YR->	36	Stock Price
Price  5								-$23.80	$0.00	$0.00	$0.00	$0.00	$38.32								Price  5
Price 10			-$27.15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$38.32								Price 10
Price & Dividend 5								-$23.80	$0.82	$0.82	$0.86	$0.93	$39.31								Price & Dividend 5
Price & Dividend 10			-$27.15	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.82	$0.86	$0.93	$39.31								Price & Dividend 10
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	$38.32								Price 15
Price  20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$38.32								Price  20
Price  25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$38.32								Price  25
Price  30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$38.32								Price  30
Price  35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$38.32								Price  35
Price  40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$38.32								Price  40
Price & Dividend 15	$0.51	$0.55	$0.60	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.82	$0.86	$0.93	$39.31								Price & Dividend 15
Price & Dividend 20	$0.51	$0.55	$0.60	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.82	$0.86	$0.93	$39.31								Price & Dividend 20
Price & Dividend 25	$0.51	$0.55	$0.60	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.82	$0.86	$0.93	$39.31								Price & Dividend 25
Price & Dividend 30	$0.51	$0.55	$0.60	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.82	$0.86	$0.93	$39.31								Price & Dividend 30
Price & Dividend 35	$0.51	$0.55	$0.60	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.82	$0.86	$0.93	$39.31								Price & Dividend 35
Price & Dividend 40	$0.51	$0.55	$0.60	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.82	$0.86	$0.93	$39.31								Price & Dividend 40
Price H/L Median	$24.40	$25.81	$23.97	$28.60	$21.88	$22.12	$28.09	$28.70	$28.86	$19.64	$32.36	$31.72	$39.16	$39.65				63.37%	<-Total Growth	10	Stock Price
Increase	10.56%	5.76%	-7.11%	19.32%	-23.51%	1.10%	27.00%	2.17%	0.56%	-31.94%	64.77%	-1.98%	23.46%	1.25%				5.03%	<-IRR #YR->	10	Stock Price	63.37%
P/E	16.16	13.17	12.36	15.54	-23.27	58.20	21.44	20.79	19.50	13.73	14.38	9.76	11.06	10.06				6.42%	<-IRR #YR->	5	Stock Price	36.47%
Trailing P/E	-53.04	17.09	12.23	14.74	11.89	-23.53	73.91	21.90	20.91	13.27	22.63	14.10	12.05	11.20				7.73%	<-IRR #YR->	10	Price & Dividend
P/E on Run. 5 yr Ave	31.28	29.80	20.95	21.06	17.33	21.35	31.00	36.14	39.97	16.42	20.61	16.20	16.38	13.76				9.13%	<-IRR #YR->	5	Price & Dividend
P/E on Run. 10 yr Ave	29.26	27.28	22.70	24.48	22.25	24.36	31.70	29.61	27.75	15.98	24.83	22.15	24.60	22.00				15.70	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	2.70%	2.71%	% Tot Ret	34.91%	29.71%	T P/E	14.42	14.10	P/E:	14.96	13.73						Count	36	Years of data
			-$23.97	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$39.16
								-$28.70	$0.00	$0.00	$0.00	$0.00	$39.16
			-$23.97	$0.69	$0.73	$0.73	$0.75	$0.79	$0.82	$0.82	$0.86	$0.93	$40.15
								-$28.70	$0.82	$0.82	$0.86	$0.93	$40.15
High Months	Jul	Mar	Feb	Aug	May	Dec	Nov	Jun	Feb	Dec	Nov	Apr	Aug	Oct
Pre-Split 97
Pre Split '07
Price High	$30.25	$29.80	$27.25	$33.90	$25.67	$27.50	$32.30	$34.80	$26.38	$28.00	$38.02	$39.66	$45.89	$44.70				68.40%	<-Total Growth	10	Stock Price
Increase	10.48%	-1.49%	-8.56%	24.40%	-24.28%	7.13%	17.45%	7.74%	-24.20%	6.14%	35.79%	4.31%	15.71%	-2.59%				5.35%	<-IRR #YR->	10	Stock Price	68.40%
P/E	20.03	15.20	14.05	18.42	-27.31	72.37	24.66	25.22	17.82	19.58	16.90	12.20	12.96	11.35				5.69%	<-IRR #YR->	5	Stock Price	31.87%
Trailing P/E	-65.76	19.74	13.90	17.47	13.95	-29.26	85.00	26.56	19.12	18.92	26.59	17.63	14.12	12.63				19.00	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	18.27	18.92	P/E:	18.12	16.90					25.03	P/E Ratio		Historical High
			-$27.25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$45.89
								-$34.80	$0.00	$0.00	$0.00	$0.00	$45.89
Low Months	Oct	Mar	Aug	Dec	Dec	Feb	Apr	Dec	Oct	Mar	Jan	Sep	Mar	Feb
Pre-Split 97
Pre Split '07
Price Low	$18.55	$21.81	$20.69	$23.30	$18.08	$16.73	$23.87	$22.59	$31.33	$11.28	$26.70	$23.78	$32.43	$34.60				56.74%	<-Total Growth	10	Stock Price
Increase	10.68%	17.57%	-5.14%	12.61%	-22.40%	-7.47%	42.68%	-5.36%	38.69%	-64.00%	136.70%	-10.94%	36.38%	6.69%				4.60%	<-IRR #YR->	10	Stock Price	56.74%
P/E	12.28	11.13	10.66	12.66	-19.23	44.03	18.22	16.37	21.17	7.89	11.87	7.32	9.16	8.78				7.50%	<-IRR #YR->	5	Stock Price	43.56%
Trailing P/E	-40.33	14.44	10.56	12.01	9.83	-17.80	62.82	17.24	22.70	7.62	18.67	10.57	9.98	9.77				12.11	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	11.29	10.57	P/E:	12.26	9.16					8.86	P/E Ratio		Historical Low
			-$20.69	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$32.43
								-$22.59	$0.00	$0.00	$0.00	$0.00	$32.43
														$405	<-12 mths	513.64%					Free Cash Flow Company
														$1,129	<-12 mths	213.61%					Free Cash Flow MS
Free Cash Flow Company										$870	$300	-$170	$66	$466	$631	$697					Free Cash Flow Company
Change											-65.52%	-156.67%	138.82%	605.61%	35.54%	10.42%					Change
Free Cash Flow MS Old				$465	$303	$348	$162	$59	$37	$847	$292	-$170									Free Cash Flow MS Old
Change					-34.84%	14.85%	-53.45%	-63.58%	-37.29%	2189.19%	-65.53%	-158.22%									Change
Free Cash Flow MS	-$230	-$61	$416	$480	$230	$150	$230	$160	$260	$430	$570	$570	$360	$466	$631	$697		-13.46%	<-Total Growth	10	Free Cash Flow MS
Change	-192.37%	73.48%	781.97%	15.38%	-52.08%	-34.78%	53.33%	-30.43%	62.50%	65.38%	32.56%	0.00%	-36.84%	29.36%	35.54%	10.42%		17.61%	<-IRR #YR->	5	Free Cash Flow MS	125.00%
FCF/CF from Op Ratio	2.84	-0.46	0.81	0.88	0.61	0.34	0.81	0.62	1.36	0.45	1.34	570.00	1.58	0.57	0.62	#DIV/0!		-1.44%	<-IRR #YR->	10	Free Cash Flow MS	-13.46%
Dividends paid	$87.49	$94.53	$102.76	$117.99	$124	$123	$125	$133	$133	$133	$139	$144	$146	$155	$158	$158		42.07%	<-Total Growth	10	Dividends paid	Sites disag
Percentage paid					53.91%	82.00%	54.35%	83.13%	51.15%	30.93%	24.46%	25.26%	40.56%	33.24%	25.10%	22.73%		$0.51	<-Median->	9	Percentage paid
5 Year Coverage									61.94%	52.60%	40.21%	34.29%	31.75%	29.94%	28.60%	27.96%					5 Year Coverage
Dividend Coverage Ratio					1.85	1.22	1.84	1.20	1.95	3.23	4.09	3.96	2.47	3.01	3.98	4.40		1.95	<-Median->	9	Dividend Coverage Ratio
5 Year of Coverage									1.61	1.90	2.49	2.92	3.15	3.34	3.50	3.58					5 Year of Coverage
								-$160.00	$0.00	$0.00	$0.00	$0.00	$360.00
			-$416.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$360.00
														$343	<-12 mths	4187.50%
Free Cash Flow WSJ				$464.37	$116	$247	-$30	-$103	$89	$847	$292	-$170	$8	$466	$631	$697		-93.10%	<-Total Growth	9	Free Cash Flow
Change					-75.02%	112.93%	-112.15%	-243.33%	186.41%	851.69%	-65.53%	-158.22%	104.71%	5721.25%	35.54%	10.42%		#NUM!	<-IRR #YR->	5	Free Cash Flow WSJ	107.77%
FCF/CF from Op Ratio				0.85	0.31	0.56	-0.11	-0.40	0.47	0.88	0.69	-170.00	0.04	0.57	0.62	#DIV/0!		-36.32%	<-IRR #YR->	9	Free Cash Flow WSJ	#DIV/0!
Dividends paid				$118	$124	$123	$125	$133	$133	$133	$139	$144	$146	$155	$158	$158		17.74%	<-Total Growth	9	Dividends paid
Percentage paid				25.41%	106.90%	49.80%	-416.67%	-129.13%	149.44%	15.70%	47.74%	-84.71%	1825.00%	33.24%	25.10%	22.73%		36.58%	<-Median->	10	Percentage paid
5 Year Coverage								89.72%	200.00%	61.62%	60.59%	71.46%	65.24%	49.71%	60.53%	46.67%		68.35%	<-Median->	6	5 Year Coverage
Dividend Coverage Ratio				3.94	0.94	2.01	-0.24	-0.77	0.67	6.37	2.09	-1.18	0.05	3.01	3.98	4.40		0.80	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage									0.50	1.62	1.65	1.40	1.53	2.01	1.65	2.14		1.53	<-Median->	5	5 Year of Coverage
								$103.00	$0.00	$0.00	$0.00	$0.00	$8.00
				-$464.37	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.00
Market Cap $M	$3,811	$4,224	$4,670	$4,349	$3,139	$4,421	$5,337	$3,912	$4,132	$4,382	$5,031	$5,084	$5,518	$5,959	$5,959	$5,959		18.16%	<-Total Growth	10	Market Cap
Pre Split '07
Diluted # of Shares in Million	172.287	172.391	172.403	172.968	171.285	168.140	168.354	168.544	163.499	162.336	161.643	155.072	147.727	162.363	162.363	162.363		-14.31%	<-Total Growth	10	Diluted
Change	0.33%	0.06%	0.01%	0.33%	-0.97%	-1.84%	0.13%	0.11%	-2.99%	-0.71%	-0.43%	-4.07%	-4.74%	9.91%				-0.84%	<-Median->	10	Change
Difference Diluted/Basic	-0.4%	-0.3%	-0.2%	-0.4%	-0.1%	0.0%	-0.1%	-0.3%	0.0%	0.0%	-0.3%	-0.2%	-0.2%	0.0%				-0.15%	<-Median->	10	Difference Diluted/Basic
Basic # of Shares in Millions	171.550	171.837	171.981	172.216	171.142	168.095	168.132	167.998	163.427	162.290	161.088	154.740	147.473	162.352				-14.25%	<-Total Growth	10	Average
Change	0.30%	0.17%	0.08%	0.14%	-0.62%	-1.78%	0.02%	-0.08%	-2.72%	-0.70%	-0.74%	-3.94%	-4.70%	10.09%				-0.72%	<-Median->	10	Change
Difference Basic/Outstanding	0.0%	0.0%	0.0%	0.1%	-1.8%	0.0%	0.1%	-2.2%	-0.1%	-0.1%	-2.0%	-2.4%	-2.4%	-11.3%				-0.96%	<-Median->	10	Difference Basic/Outstanding
														$515	<-12 mths	125.88%
Pre Split '07																		Share Capital
# of Share in Millions	171.57	171.91	172.01	172.37	168.03	168.17	168.27	164.38	163.32	162.11	157.81	151.04	144.00	144.00	144.00	144.00		-1.76%	<-IRR #YR->	10	Shares	-16.28%
Change	0.08%	0.20%	0.06%	0.21%	-2.52%	0.08%	0.06%	-2.31%	-0.65%	-0.74%	-2.65%	-4.29%	-4.66%	0.00%	0.00%	0.00%		-2.61%	<-IRR #YR->	5	Shares	-12.40%
Cash Flow from Operations $M	-$80.92	$133.03	$514.70	$545.63	$379	$440	$283	$260	$191	$962	$425	$1	$228	$816	$1,015			-55.70%	<-Total Growth	10	Cash Flow
Increase	-125.09%	264.40%	286.92%	6.01%	-30.54%	16.09%	-35.68%	-8.13%	-26.54%	403.66%	-55.82%	-99.76%	22700.00%	257.74%	24.42%			SO; S. Iss	Buy Backs
5 year Running Average	$164	$202	$290	$287	$298	$402	$432	$382	$311	$427	$424	$368	$361	$486	$497			24.47%	<-Total Growth	10	CF 5 Yr Running
CFPS	-$0.47	$0.77	$2.99	$3.17	$2.26	$2.62	$1.68	$1.58	$1.17	$5.93	$2.69	$0.01	$1.58	$5.66	$7.05			-47.09%	<-Total Growth	10	Cash Flow per Share
Increase	-125.07%	264.08%	286.68%	5.79%	-28.75%	16.00%	-35.72%	-5.96%	-26.06%	407.43%	-54.62%	-99.75%	23814.16%	257.74%	24.42%			-7.82%	<-IRR #YR->	10	Cash Flow	-55.70%
5 year Running Average	$0.96	$1.18	$1.69	$1.67	$1.74	$2.36	$2.54	$2.26	$1.86	$2.60	$2.61	$2.28	$2.28	$3.18	$3.40			-2.59%	<-IRR #YR->	5	Cash Flow	-12.31%
P/CF on Med Price	-51.74	33.35	8.01	9.04	9.70	8.45	16.70	18.14	24.67	3.31	12.02	4791.03	24.73	7.00	0.00			-6.17%	<-IRR #YR->	10	Cash Flow per Share	-47.09%
P/CF on Closing Price	-47.09	31.75	9.07	7.97	8.28	10.05	18.86	15.05	21.63	4.55	11.84	5084.05	24.20	7.31	5.87			0.02%	<-IRR #YR->	5	Cash Flow per Share	0.10%
															-49.11%	Diff M/C		3.00%	<-IRR #YR->	10	CFPS 5 yr Running	34.45%
Excl.Working Capital CF	$674.75	$632.50	$445.80	$400.38	$289	-$39	$332	$388	$546	-$219	$492	$1,150	$1,043	$0.00	$0.00			0.15%	<-IRR #YR->	5	CFPS 5 yr Running	0.76%
Cash Flow from Operations $M WC	$593.8	$765.5	$960.5	$946.0	$668	$401	$615	$648	$737	$743	$917	$1,151	$1,271	$815.6	$1,014.8			32.33%	<-Total Growth	10	Cash Flow less WC
Increase	63.53%	28.91%	25.47%	-1.51%	-29.39%	-39.97%	53.37%	5.37%	13.73%	0.81%	23.42%	25.52%	10.43%	-35.83%	24.42%			2.84%	<-IRR #YR->	10	Cash Flow less WC	32.33%
5 year Running Average	$509	$538	$614	$726	$787	$748	$718	$656	$614	$629	$732	$839	$964	$980	$1,034			14.42%	<-IRR #YR->	5	Cash Flow less WC	96.14%
CFPS Excl. WC	$3.46	$4.45	$5.58	$5.49	$3.98	$2.38	$3.65	$3.94	$4.51	$4.58	$5.81	$7.62	$8.83	$5.66	$7.05			4.61%	<-IRR #YR->	10	CF less WC 5 Yr Run	56.86%
Increase	63.39%	28.66%	25.39%	-1.71%	-27.56%	-40.02%	53.28%	7.86%	14.47%	1.57%	26.78%	31.14%	15.82%	-35.83%	24.42%			8.01%	<-IRR #YR->	5	CF less WC 5 Yr Run	47.01%
5 year Running Average	$2.96	$3.14	$3.58	$4.22	$4.59	$4.38	$4.22	$3.89	$3.69	$3.82	$4.50	$5.29	$6.27	$6.50	$6.99			4.68%	<-IRR #YR->	10	CFPS - Less WC	58.07%
P/CF on Med Price	7.05	5.79	4.29	5.21	5.50	9.27	7.68	7.28	6.39	4.29	5.57	4.16	4.44	7.00	0.00			17.49%	<-IRR #YR->	5	CFPS - Less WC	123.90%
P/CF on Closing Price	6.42	5.52	4.86	4.60	4.70	11.03	8.68	6.04	5.61	5.90	5.49	4.42	4.34	7.3	5.9			5.77%	<-IRR #YR->	10	CFPS 5 yr Running	75.21%
*Operational Cash Flow.			CF-WC	P/CF Med	10 yr	14.36	5 yr	24.67	P/CF Med	10 yr	5.54	5 yr	4.44		31.98%	Diff M/C		10.03%	<-IRR #YR->	5	CFPS 5 yr Running	61.24%
			-172.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	144.0								Shares
								-164.4	0.0	0.0	0.0	0.0	144.0								Shares
			-$514.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$228.0								Cash Flow
								-$260.0	$0.0	$0.0	$0.0	$0.0	$228.0								Cash Flow
			-$2.99	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.58								Cash Flow per Share
								-$1.58	$0.00	$0.00	$0.00	$0.00	$1.58								Cash Flow per Share
			-$1.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$2.3								CFPS 5 yr Running
								-$2.3	$0.0	$0.0	$0.0	$0.0	$2.3								CFPS 5 yr Running
			-$960.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$1,271.0								Cash Flow less WC
								-$648.0	$0.0	$0.0	$0.0	$0.0	$1,271.0								Cash Flow less WC
			-$614.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$963.8								CF less WC 5 Yr Run
								-$655.6	$0.0	$0.0	$0.0	$0.0	$963.8								CF less WC 5 Yr Run
			-$5.58	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.83								CFPS - Less WC
								-$3.94	$0.00	$0.00	$0.00	$0.00	$8.83								CFPS - Less WC
			-$3.58	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.27								CFPS 5 yr Running
								-$3.89	$0.00	$0.00	$0.00	$0.00	$6.27								CFPS 5 yr Running
Changes in operating assets and liabilities (Note 23)	-$271.961	-$194.823	-$24.991	-$17.944
Accts Recei and other assets					$341	-$76	-$111	-$39	$89	$188	-$105	-$265	$112
Service work in progress/unbilled Rec					$15	-$6	-$24	$14	-$98	$15	-$41	-$139	-$78
Inventories - on hand Equipment					-$17	$145	-$148	-$291	$29	$508	-$210	-$715	-$408
Inventories  parts and supplies					$89	-$11
Other assets							-$52	$3	$68	$3	-$70	-$161	$70
Instalment Notes Received					$15	$2
Accts Pay and Accurals and other liab					-$382	$139	$234	$46	-$127	-$276	$145	$408	$14
Other Liabilites							$30	$164	-$180	-$16	$4	$134	-$59
Income Tax Rec/Payable					$15	$3
Additions to rental equipment	-$311.871	-$330.204	-$291.396	-$264.147	-$231	-$170	-$307	-$306	-$215	-$189	-$137	-$151	-$182
Additions to rental equip. net Pur Op											-$91	-$90	-$229
Equipment leased to customers, net of disposals	-$6.498	$0.053	$0.168
Proceeds on Rental Equip						$147	$183	$162	$126	$115	$62	$39	$57
Proceeds on Rental Equip net Pur Op											$66	$57	$89
Interest paid	-$45.736	-$66.050	-$86.403	-$71.015	-$73	-$77	-$81	-$73	-$105	-$92	-$74	-$96	-$165
Income tax paid	-$38.679	-$41.479	-$43.173	-$47.276	-$61	-$57	-$56	-$68	-$133	-$37	-$41	-$171	-$264
Total	-$674.745	-$632.503	-$445.795	-$400.382	-$289	$39	-$332	-$388	-$546	$219	-$492	-$1,150	-$1,043
Google --> TD			-$445.80	-$400.38	-$289	-$108	-$515	-$388	-$546	$219	-$492	-$1,150	-$1,043
Difference			$0.00	$0.00	$0	$147	$183	$0	$0	$0	$0	$0	$0
TD			-$446	-$400	-$289	-$108
Difference			$0	$0	$0	$147
In 2019, TD says, CF same				-$171	-$82	$39	-$328	-$388
Difference				-$229	-$207	$0	-$4
OPM	10.07%	11.56%	14.22%	13.67%	10.79%	7.13%	9.82%	9.26%	10.11%	12.88%	13.69%	14.01%	13.32%	8.10%				-6.32%	<-Total Growth	10	OPM
Increase	28.75%	14.76%	22.98%	-3.81%	-21.08%	-33.98%	37.77%	-5.64%	9.15%	27.42%	6.31%	2.31%	-4.94%	-39.22%					Should increase		or be stable.
Diff from Ave	-14.9%	-2.3%	20.1%	15.5%	-8.8%	-39.8%	-17.1%	-21.7%	-14.6%	8.8%	15.7%	18.4%	12.5%	-31.6%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	11.84%	5 Yrs	13.32%					should be	zero, it is a		check on calculations
														$1,304	<-12 mths	-1.29%
EBITDA	$548	$701	$737	$720	$604	$465	$577	$633	$750	$636	$856	$1,101	$1,321	$1,294	$1,326	$1,413		79.24%	<-Total Growth	10	EBITDA
Change		27.92%	5.14%	-2.31%	-16.11%	-23.01%	24.09%	9.71%	18.48%	-15.20%	34.59%	28.62%	19.98%	-2.04%	2.47%	6.56%		14.09%	<-Median->	10	Change
Margin	9.30%	10.59%	10.91%	10.41%	9.76%	8.26%	9.21%	9.05%	10.29%	11.03%	12.78%	13.40%	13.84%	12.84%	12.77%	13.01%		10.35%	<-Median->	10	Margin
Long Term Debt		$1,367	$1,418	$1,418	$1,548	$1,487	$1,296	$1,354	$1,318	$1,107	$921	$815	$949	$1,378				-33.08%	<-Total Growth	10	Debt	Type
Change			3.77%	0.00%	9.17%	-3.94%	-12.84%	4.48%	-2.66%	-16.01%	-16.80%	-11.51%	16.44%	45.21%				-3.30%	<-Median->	10	Change	Lg Term R
Debt/Market Cap Ratio		0.32	0.30	0.33	0.49	0.34	0.24	0.35	0.32	0.25	0.18	0.16	0.17	0.23				0.29	<-Median->	10	Debt/Market Cap Ratio	Intang/GW
Assets/Current Liabilities Ratio		2.27	3.26	3.84	4.11	3.98	3.31	2.86	2.96	3.36	2.77	2.14	2.17	2.29				3.13	<-Median->	10	Assets/Current Liab Ratio	Liquidity
Debt to Cash Flow (Years)		10.27	2.76	2.60	4.08	3.38	4.58	5.21	6.90	1.15	2.17	815.00	4.16	1.69				4.12	<-Median->	10	Debt to Cash Flow (Years)	Liq. + CF
																						Debt Ratio
Intangibles	$52.03	$94.80	$75.88	$55.78	$56	$71	$117	$176	$321	$322	$322	$333	$309	$280				307.22%	<-Total Growth	10	Intangibles	Leverage
Goodwill	$92.50	$109.48	$114.13	$132.14	$178	$118	$119	$120	$204	$205	$205	$325	$329	$333				188.27%	<-Total Growth	10	Goodwill	D/E Ratio
Total	$144.53	$204.28	$190.01	$187.93	$234	$189	$236	$296	$525	$527	$527	$658	$638	$613				235.77%	<-Total Growth	10	Total
Change		41.34%	-6.98%	-1.10%	24.40%	-19.16%	24.87%	25.42%	77.36%	0.38%	0.00%	24.86%	-3.04%	-3.92%				12.39%	<-Median->	10	Change
Intangible/Market Cap Ratio	0.04	0.05	0.04	0.04	0.07	0.04	0.04	0.08	0.13	0.12	0.10	0.13	0.12	0.10				0.09	<-Median->	10	Intangible/Market Cap Ratio
Current Assets	$2,777.5	$3,317.2	$3,248.6	$3,477.7	$3,460	$3,378	$3,513	$3,924	$3,659	$3,214	$3,619	$4,781	$4,930	$5,431				51.76%	<-Total Growth	10	Current Assets
Current Liabilities	$1,742.5	$2,250.2	$1,549.3	$1,372.3	$1,243	$1,233	$1,540	$1,992	$2,026	$1,623	$2,155	$3,401	$3,485	$3,503				124.94%	<-Total Growth	10	Current Liabilities
Liquidity	1.59	1.47	2.10	2.53	2.78	2.74	2.28	1.97	1.81	1.98	1.68	1.41	1.41	1.55				1.98	<-Median->	10	Ratio
Liq. with CF aft div	1.52	1.49	2.36	2.85	2.99	3.00	2.38	2.04	1.83	2.49	1.81	1.36	1.44	1.74				1.81	<-Median->	5	Ratio
Liq. CF re  Inv+Div	1.41	1.17	2.25	2.69	2.40	2.90	2.22	1.86	1.55	2.35	1.69	1.26	1.35	1.74				1.55	<-Median->	5	Ratio
Assets	$4,085.4	$5,118.0	$5,057.6	$5,272.7	$5,108	$4,910	$5,092	$5,696	$5,990	$5,458	$5,971	$7,269	$7,557	$8,033				49.42%	<-Total Growth	10	Assets
Liabilities	$2,740.4	$3,551.5	$3,199.8	$3,142.0	$3,058	$3,009	$3,129	$3,587	$3,875	$3,252	$3,628	$4,808	$5,027	$5,443				57.10%	<-Total Growth	10	Liabilities
Debt Ratio	1.49	1.44	1.58	1.68	1.67	1.63	1.63	1.59	1.55	1.68	1.65	1.51	1.50	1.48				1.63	<-Median->	10	Ratio
Book Value	$1,345	$1,567	$1,858	$2,131	$2,050	$1,901	$1,963	$2,109	$2,115	$2,206	$2,343	$2,461	$2,530	$2,590				36.19%	<-Total Growth	10	Book Value
NCI	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$20	$18	$16	$15							NCI
Book Value Net	$1,345	$1,567	$1,858	$2,131	$2,050	$1,901	$1,963	$2,109	$2,115	$2,206	$2,323	$2,443	$2,514	$2,575	$2,575	$2,575		35.32%	<-Total Growth	10	Book Value
Book Value per Share	$7.84	$9.11	$10.80	$12.36	$12.20	$11.30	$11.67	$12.83	$12.95	$13.61	$14.72	$16.17	$17.46	$17.88	$17.88	$17.88		61.65%	<-Total Growth	10	Book Value per Share
Change	-3.08%	16.25%	18.52%	14.45%	-1.30%	-7.34%	3.20%	9.98%	0.94%	5.08%	8.17%	9.88%	7.93%	2.43%	0.00%	0.00%		4.56%	P/B Ratio		Current/10 Year Median
P/B Ratio (Median)	3.11	2.83	2.22	2.31	1.79	1.96	2.41	2.24	2.23	1.44	2.20	1.96	2.24	2.22				2.20	P/B Ratio		Historical Median
P/B Ratio (Close)	2.83	2.70	2.51	2.04	1.53	2.33	2.72	1.86	1.95	1.99	2.17	2.08	2.20	2.31	2.31	2.31		4.92%	<-IRR #YR->	10	Book Value per Share	61.65%
Change	-15.41%	-4.84%	-6.76%	-18.81%	-24.98%	51.89%	16.91%	-31.77%	5.32%	1.67%	9.03%	-3.91%	5.47%	5.43%	0.00%	0.00%		6.35%	<-IRR #YR->	5	Book Value per Share	36.07%
Leverage (A/BK)	3.04	3.27	2.72	2.47	2.49	2.58	2.59	2.70	2.83	2.47	2.57	2.98	3.01	3.12				2.59	<-Median->	10	A/BV
Debt/Equity Ratio	2.04	2.27	1.72	1.47	1.49	1.58	1.59	1.70	1.83	1.47	1.56	1.97	2.00	2.11				1.59	<-Median->	10	Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities)									P/BV	10 yr Med	2.21	5 yr Med	2.20		4.56%	Diff M/C		2.67	Historical		Leverage (A/BK)
			-$10.80	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.46
								-$12.83	$0.00	$0.00	$0.00	$0.00	$17.46
														$580.0	<-12 mths	22.36%
Comprehensive Income	$225.30	$311.25	$387.66	$382.17	$117	-$31	$186	$374	$165	$247	$408	$510	$472					21.76%	<-Total Growth	10	Comprehensive Income
NCI	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$1	-$2	-$2								NCI
Comprehensive Income Net	$225.30	$311.25	$387.66	$382.17	$117	-$31	$186	$374	$165	$247	$409	$512	$474					22.27%	<-Total Growth	10	Comprehensive Income Net
Increase	482.83%	38.15%	24.55%	-1.42%	-69.39%	-126.50%	700.00%	101.08%	-55.88%	49.70%	65.59%	25.18%	-7.42%					25.18%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$91.76	$128.57	$175.75	$249.50	$284.67	$233.41	$208.37	$205.63	$162.20	$188.20	$276.20	$341.40	$361.40					2.03%	<-IRR #YR->	10	Comprehensive Income	22.27%
ROE	16.8%	19.9%	20.9%	17.9%	5.7%	-1.6%	9.5%	17.7%	7.8%	11.2%	17.6%	21.0%	18.9%					4.85%	<-IRR #YR->	5	Comprehensive Income	26.74%
5Yr Median	7.9%	9.7%	16.8%	17.9%	17.9%	17.9%	9.5%	9.5%	7.8%	9.5%	11.2%	17.6%	17.6%					7.48%	<-IRR #YR->	10	5 Yr Running Average	75.75%
% Difference from NI	-13.1%	-7.8%	15.6%	20.1%	-172.7%	-147.7%	-15.8%	61.2%	-31.8%	6.5%	12.4%	1.8%	-9.4%					11.94%	<-IRR #YR->	5	5 Yr Running Average	75.75%
Median Values										Diff	5, 10 yr	-3.8%	1.8%					17.6%	<-Median->	5	Return on Equity
			-$387.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$474.0
								-$374.0	$0.0	$0.0	$0.0	$0.0	$474.0
			-$175.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$361.4
								-$205.6	$0.0	$0.0	$0.0	$0.0	$361.4
Current Liability Coverage Ratio	0.34	0.34	0.62	0.69	0.54	0.33	0.40	0.33	0.36	0.46	0.43	0.34	0.36								CFO / Current Liabilities
5 year Median	0.36	0.34	0.34	0.34	0.54	0.54	0.54	0.40	0.36	0.36	0.40	0.36	0.36					0.36	<-Median->	5	Current Liability Cov Ratio
Asset Efficiency Ratio	14.54%	14.96%	18.99%	17.94%	13.08%	8.17%	12.08%	11.38%	12.30%	13.61%	15.36%	15.83%	16.82%	10.15%							CFO / Total Assets
5 year Median	12.20%	12.20%	14.54%	14.96%	14.96%	14.96%	13.08%	12.08%	12.08%	12.08%	12.30%	13.61%	15.36%	15.36%				15.4%	<-Median->	5	Return on Assets
Return on Assets ROA	6.35%	6.60%	6.63%	6.04%	-3.15%	1.32%	4.34%	4.07%	4.04%	4.25%	6.10%	6.92%	6.92%	7.00%				Net	Income/Assets		Return on Assets
5Yr Median	4.72%	4.72%	6.35%	6.35%	6.35%	6.04%	4.34%	4.07%	4.04%	4.07%	4.25%	4.25%	6.10%	6.92%				6.1%	<-Median->	5	Asset Efficiency Ratio
Comments	<--Real																				Comments
Return on Equity ROE	19.28%	21.55%	18.05%	14.94%	-7.85%	3.42%	11.26%	11.00%	11.44%	10.52%	15.67%	20.59%	20.80%	21.83%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	12.31%	12.31%	18.05%	18.05%	18.05%	14.94%	11.26%	11.00%	11.00%	11.00%	11.26%	11.44%	15.67%	20.59%				15.7%	<-Median->	5	Return on Equity
														$506	<-12 mths	-3.25%
Comments	<--Real																				Comments
Comments	$1.51	$1.96																			Comments
Net Income	$259.37	$337.62	$335.26	$318.24	-$161	$65	$221	$232	$242	$232	$363	$501	$521					55.40%	<-Total Growth	10	Net Income
NCI	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$1	-$2	-$2								NCI
Net Income Shareholders	$259.37	$337.62	$335.26	$318.24	-$161	$65	$221	$232	$242	$232	$364	$503	$523	$562	$614	$763		56.00%	<-Total Growth	10	Net Income
Increase	51.93%	30.17%	-0.70%	-5.07%	-150.59%	-140.37%	240.00%	4.98%	4.31%	-4.13%	56.90%	38.19%	3.98%	7.46%	9.25%	24.28%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$187.0	$198.9	$246.8	$284.2	$218	$179	$156	$135	$120	$198	$258	$315	$373	$436.8	$513.2	$593.0		4.55%	<-IRR #YR->	10	Net Income	56.00%
Operating Cash Flow	-$80.92	$133.03	$514.70	$545.63	$379	$440	$283	$260	$191	$962	$425	$1	$228					17.65%	<-IRR #YR->	5	Net Income	125.43%
Investment Cash Flow	-$139.37	-$625.65	-$78.78	-$81.26	-$306	-$40	-$116	-$184	-$378	-$99	-$151	-$268	-$229					4.21%	<-IRR #YR->	10	5 Yr Running Average	51.08%
Total Accruals	$479.65	$830.24	-$100.67	-$146.13	-$234	-$335	$54	$156	$429	-$631	$90	$770	$524					22.52%	<-IRR #YR->	5	5 Yr Running Average	176.05%
Total Assets	$4,085.4	$5,118.0	$5,057.6	$5,272.7	$5,108	$4,910	$5,092	$5,696	$5,990	$5,458	$5,971	$7,269	$7,557						Balance Sheet		Assets
Accruals Ratio	11.74%	16.22%	-1.99%	-2.77%	-4.58%	-6.82%	1.06%	2.74%	7.16%	-11.56%	1.51%	10.59%	6.93%					6.93%	<-Median->	5	Ratio
EPS/CF Ratio (WC)	0.44	0.44	0.35	0.34	-0.24	0.16	0.36	0.35	0.33	0.31	0.39	0.43	0.40					0.34	<-Median->	10	EPS/CF Ratio
			-$335.3	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$523.0
								-$232.0	$0.0	$0.0	$0.0	$0.0	$523.0
			-$246.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$372.8
								-$135.0	$0.0	$0.0	$0.0	$0.0	$372.8
Change in Close	-18.01%	10.63%	10.50%	-7.07%	-25.96%	40.74%	20.65%	-24.97%	6.30%	6.84%	17.94%	5.58%	13.84%	7.99%	0.00%	0.00%			Count	29	Years of data
up/down	up	down	down				up			down	up		down	down					Count	15	51.72%
Meet Prediction?	Yes						Yes				Yes							% right	Count	4	26.67%
Financial Cash Flow	-$2.81	$488.83	-$386.96	-$202.84	-$107	-$255	-$276	-$107	$23	-$573	-$300	-$13	-$71						C F Statement		Financial Cash Flow
Total Accruals	$482.46	$341.41	$286.29	$56.72	-$127	-$80	$330	$263	$406	-$58	$390	$783	$595								Accruals
Accruals Ratio	11.81%	6.67%	5.66%	1.08%	-2.49%	-1.63%	6.48%	4.62%	6.78%	-1.06%	6.53%	10.77%	7.87%					6.78%	<-Median->	5	Ratio
Cash	$122.75	$114.92	$176.27	$450.67	$475	$593	$458	$454	$268	$539	$502	$288	$152	$233							Cash
Cash per Share	$0.72	$0.67	$1.02	$2.61	$2.83	$3.53	$2.72	$2.76	$1.64	$3.32	$3.18	$1.91	$1.06	$1.62				$1.91	<-Median->	5	Cash per Share
Percentage of Stock Price	3.22%	2.72%	3.77%	10.36%	15.13%	13.41%	8.58%	11.60%	6.49%	12.30%	9.98%	5.66%	2.75%	3.91%				6.49%	<-Median->	5	% of Stock Price
Notes:
November 3, 2024.  Last estimates were for 9659M, $9862M, $10032M Revenue, $3.88, $4.03, $4.36 AEPS, $3.92, $4.15, $4.41 EPS, $0.99, $1.02, $1.02 Dividends,
$405M, $535M, $605M FCF, $2.10, $3.31 2023/4 CFPS, $1303M, $1313M, $1393M EBITDA, $571M, $583M, $630M Net Income.
November 4, 2023.  Last estimates were for 2022, 2023 and 2024 of $7791M, $8044M and $7730M for Revenue, $2.86, $2.87 and $2.82 for AEPS, $2.91, $3.18 and $3.05 for EPS,
$0.93 and $0.96 2022/3 for Dividends, $38M, $479M and $769M for FCF, $3.54, $4.97 and $5.42 for CFPS, $455M, $477M and $438M for Net Income.
November 5, 2022.  Last estimates were for $6762M, $7402M and $7737M for Revenue, $2.13, $2.35 and $2.61 for EPS, $0.86 and $0.90 for Dividend,
$235M, $319M and $366M for FCF, $3.65 and $4.10 for CFPS and $348M, $381M and $425M for Net Income.
November 7, 2021.  Last estimates were for 2020, 2021 and 2022 of $5824M, $6400M and $6740M for Revenue, $1.33, $1.54 and $1.83 for EPS,
$0.82 and $0.84 for Dividends for 2020-21, $570M, 186M, and $276M for FCF, $4.06, $3.18 and $3.97 for CFPS, and $232M, $267M and $297M for Net Income.
November 21, 2020.  Last estimates were for 7393M, $7441M and $7602M for Revenue, $1.64, $2.04 and $2.15 for EPS,
$1.66, $2.15 and $2.53 for CFPS and $278M, $334M and $350M for Net Income.
November 21, 2019.  Last estmate were for 2018, 2019 and 2020 of $7053M, $73524M and $7947M for Revenue, $1.62, $2.20 and $2.43 for EPS,
$2.35, $2.84 and $2.67 for CFPS and $259M, $370M and $402M for Net Income.
November 25, 2018.  Last estimates were for 2017, 2018 and 2019 of $6123M, $6585M and $6997M for Revenue, $1.32, $1.70 and $2.00 for EPS,
$2.14 and $2.68 for CFPS for 2017 and 2018 and $223M and $274M for Net Income for 2017 and 2018.
November 27, 2017.  Last estimates were for 2016, 2017 and 2018 of $5524M, $5593M and $5971M for Revenue, $0.68, $1.25 and $1.60 for EPS,
$2.12, $2.42 and $3.01 for CFPS and $119M, $214M and $268M for Net Income.
November 29, 2016.  Last estimates were for 2015, 2016 and 2017 of $6254M, $6147M and $6448M for Revenue, $1.34, $1.58 and $1.75 for EPS,
$2.12 and $2.60 for 2015 and 2016 for CFPS , $221M, $258M and $294M for Net Income.
December 5, 2015.  Last estimates were for 2014, 2015 and 2016 of $6878M, $6995M and $7354M for Revenue, $1.89, $2.12 and $2.30 for EPS,
$3.04, $3.28 and $3.33 for CFPS and $317M, $367M and $390M for Net Income.
December 5, 2014.  The last estimaytes were for 2013, 2014 and 2014 of $6752M, $6824M and $7013M for Revenue, $1.94, $2.16 and $2.37 for EPS, $3.04, $3.06 and $3.61 for CFPS.
November 27, 2013.  Last estimates were for 2012 and 2013 of $6689M and $7172M for Revenue and $1.91 and $2.34 for earnings and $3.30 for CFPS (2012 only)
Nov 28, 2012.  Last estimates were fo 2011 and 2012 of $5533M and $6069M for revenue, $1.50 and $2.04 for EPS and $2.26 and $3.30 for CFPS.
Nov 7, 2011.  Last I looked I got estimates for 2010 and 2011 of $.95 and $1.40 for earnings and $1.84 and $2.26 for cash flow.  Used earnings from continuing operations for Net Income, Graham Price.
Admin expense down in 2009.
Sep 25, 2010.  Earning estimates for 2009 and 2010 were $1.40 and $1.53 when I last looked.
AR 2007.  This is in the same industry as Toromont. Company does not look bad, but do I want to have 2 companies in this business? Lack of Cash Flow a problem.
1969 Finning went publich.
1933.  Company founded by Earl B. Finning
***Payout Ratio of Dividends to Cash Flow is using CF excluding Non-Cash Items (i.e. Working Capital changes)
Sector:
Industrial, Industrial
What should this stock accomplish?
Would I buy this company and Why.
Now, the only reason I would not buy this company is because I own Toromont Industries Ltd.  They are both involved with Caterpillar equipment, although the companies are often classified in different sectors.
I classify these companies as industrials, but Stock Channel classifies Finning as Construction and Finning as Industrial.
Why am I following this stock.
When I was in the market to buy an industrial stock in this area in 2007, I look at this stock was well as Toromont Industries (TSX-TIH).   At the time I liked Toromont better, so that is what I bought.
Dividends
Dividends are paid in Cycle 3, that is in March, June, September and December.  Dividends declared for shareholders of record in one month are paid in the following month.
For example, the dividend declared November 13 2013 for Shareholders of record of November 28 2013, is payable on December 12, 2013.
How they make their money.
Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company operates in
Canada, South America, UK and Ireland, and others.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date	2016	Nov 27	2017	Nov 25	22018	Nov 21	2019	Nov 21	2020	Nov 7	2021	Nov 5	2022	Nov 4	2023			Nov 3	2024
Parkes, Kevin												0.020	0.01%	0.031	0.02%			0.044	0.03%			41.26%
CEO - Shares - Amount													$0.662		$1.198				$1.827
Options - percentage												0.234	0.15%	0.333	0.23%			0.436	0.30%			31.06%
Options - amount													$7.866		$12.762				$18.062
Thomson, Scott	0.07%	0.160	0.10%	0.167	0.10%	0.173	0.11%	0.197	0.12%	0.225	0.14%	0.231	0.15%	0.231	0.16%						Last updated Nov 2022	-100.00%
CEO - Shares - Amount	$2.952		$5.087		$3.972		$4.376		$5.328		$7.160		$7.790		$8.868
Options - percentage	0.79%	1.312	0.78%	1.415	0.86%	1.544	0.95%	1.617	1.00%	0.786	0.50%	0.845	0.56%	0.713	0.49%							-100.00%
Options - amount	$34.931		$41.619		$33.676		$39.068		$43.699		$25.045		$28.428		$27.311
Palaschuk, Gregory						0.018	0.01%	0.023	0.01%	0.031	0.02%	0.034	0.02%	0.043	0.03%			0.046	0.03%		Used to be officer	7.10%
CFO - Shares - Amount							$0.446		$0.633		$0.996		$1.136		$1.643				$1.901
Options - percentage						0.100	0.06%	0.141	0.09%	0.162	0.10%	0.178	0.12%	0.196	0.14%			0.211	0.15%			7.84%
Options - amount							$2.528		$3.818		$5.180		$5.979		$7.510				$8.746
Nielsen, Steven Mathew	0.00%	0.008	0.00%	0.014	0.01%	0.019	0.01%	0.025	0.02%												Last Rep Dated Mar 2020
Officer- Shares - Amount	$0.066		$0.247		$0.325		$0.477		$0.677												Used to be CFO
Options - percentage	0.12%	0.264	0.16%	0.305	0.19%	0.336	0.21%	0.318	0.20%
Options - amount	$5.310		$8.368		$7.261		$8.508		$8.583
Holm, Kieran Colfquhoun														0.017	0.01%			0.018	0.01%			9.11%
Officer- Shares - Amount															$0.649				$0.765
Options - percentage														0.051	0.04%			0.023	0.02%			-54.43%
Options - amount															$1.950				$0.960
Amar, Juan Pablo	0.01%	0.017	0.01%			0.021	0.01%	0.024	0.01%	0.027	0.02%	0.029	0.02%	0.032	0.02%			0.034	0.02%			6.65%
Officer - Shares - Amount	$0.378		$0.533				$0.532		$0.642		$0.873		$0.992		$1.216				$1.401
Options - percentage	0.04%	0.042	0.02%			0.053	0.03%	0.106	0.07%	0.104	0.07%	0.124	0.08%	0.101	0.07%			0.096	0.07%			-5.28%
Options - amount	$1.863		$1.319				$1.352		$2.874		$3.327		$4.183		$3.866				$3.955
Cummings, David William		0.029	0.02%	0.003	0.00%	0.033	0.02%	0.084	0.05%	0.088	0.06%	0.098	0.06%								Last Rep Nov 2020
Officer - Shares - Amount			$0.910		$0.063		$0.830		$2.275		$2.815		$3.285								Ceased insdier Dec 2022
Options - percentage		0.165	0.10%	0.047	0.03%	0.223	0.14%	0.256	0.16%	0.259	0.16%	0.223	0.15%
Options - amount			$5.234		$1.122		$5.631		$6.924		$8.247		$7.503
Primrose, David Francis Neil	0.01%	0.022	0.01%	0.024	0.01%	0.027	0.02%	0.030	0.02%	0.031	0.02%	0.032	0.02%	0.034	0.02%			0.027	0.02%		Last Rep Jun 2020	-21.02%
Officer - Shares - Amount	$0.525		$0.701		$0.576		$0.687		$0.807		$0.979		$1.064		$1.318				$1.124
Options - percentage	0.10%	0.183	0.11%	0.159	0.10%	0.190	0.12%	0.204	0.13%	0.167	0.11%	0.214	0.14%	0.142	0.10%			0.117	0.08%			-17.11%
Options - amount	$4.373		$5.808		$3.785		$4.808		$5.501		$5.338		$7.209		$5.424				$4.855
Seraphim, Edward R.														0.001	0.00%			0.001	0.00%			0.00%
Director - Shares - Amount															$0.054				$0.058
Options - percentage														0.040	0.03%			0.047	0.03%			18.99%
Options - amount															$1.516				$1.948
Avril-Groves, Vicki L.				0.000	0.00%	0.005	0.00%	0.015	0.01%	0.015	0.01%	0.015	0.01%	0.015	0.01%						Ceased insider Aug 2024
Director - Shares - Amount					$0.000		$0.127		$0.405		$0.478		$0.505		$0.575
Options - percentage				0.011	0.01%	0.019	0.01%	0.029	0.02%	0.037	0.02%	0.044	0.03%	0.049	0.03%
Options - amount					$0.256		$0.476		$0.795		$1.194		$1.475		$1.880
Carter, James Edward Clark												0.010	0.01%	0.010	0.01%			0.010	0.01%		Chairman 2024	0.00%
Chariman - Shares - Amount													$0.337		$0.383				$0.414
Options - percentage												0.101	0.07%	0.108	0.08%			0.116	0.08%			7.20%
Options - amount													$3.413		$4.150				$4.804
Kvisle, Harold				0.013	0.01%	0.020	0.01%	0.035	0.02%	0.035	0.02%	0.050	0.03%	0.050	0.03%			0.045	0.03%		was Chairman before 2024	-10.00%
Director - Shares - Amount					$0.300		$0.506		$0.946		$1.116		$1.683		$1.916				$1.862
Options - percentage				0.008	0.01%	0.023	0.01%	0.045	0.03%	0.059	0.04%	0.073	0.05%	0.073	0.05%			0.097	0.07%			32.37%
Options - amount					$0.197		$0.585		$1.210		$1.874		$2.474		$2.816				$4.025
Whitehead, Douglas William Geoffrey	0.10%	0.153	0.09%	0.153	0.09%																was chairman to 2016
Chariman - Shares - Amount	$4.280		$4.847		$3.637																sites says chairman 2018
Options - percentage	0.04%	0.079	0.05%	0.087	0.05%
Options - amount	$1.877		$2.505		$2.076
Wilson, Michael M	0.01%	0.010	0.01%
Chairman - Shares - Amt	$0.263		$0.317
Options - percentage	0.02%	0.037	0.02%
Options - amount	$0.817		$1.183
Increase in O/S Shares	0.03%	0.136	0.08%	0.189	0.11%	0.243	0.15%	0.011	0.01%	0.004	0.00%	0.480	0.30%	0.174	0.12%			0.183	0.13%
due to SO	$0.828		$3.569		$6.004		$5.794		$0.266		$0.108		$15.301		$5.863				$7.004
Book Value	$1.000		$3.000		$7.000		$7.000		$3.000		$1.000		$3.981		$2.000				$3.000
Insider Buying	-$0.182		-$0.463		-$0.063		-$0.842		-$1.401		-$0.651		-$0.685		-$0.450				-$2.156
Insider Selling	$1.110		$1.447		$4.198		$0.194		$0.249		$8.615		$1.392		$4.144				$4.663
Net Insider Selling	$0.928		$0.985		$4.134		-$0.648		-$1.152		$7.964		$0.707		$3.694				$2.507
% of Market Cap	0.02%		0.02%		0.11%		-0.02%		-0.03%		0.16%		0.01%		0.07%				0.04%
Directors		13		12		13		12		12		13		14				12
Women	23%	3	23%	4	33%	4	31%	4	33%	4	33%	5	38%	5	36%			3	25%
Minorities	0%	0	0%	0	0%	0	0%	0	0%	0	0%	0	0%	1	7%			1	8%
Institutions/Holdings	39.24%	172	33.19%	193	33.41%					20	28.11%	20	26.16%	20	24.50%			20	29.51%
Total Shares Held	39.24%	55.790	33.16%	56.185	34.18%					45.369	28.75%	40.209	26.62%	35.775	24.84%			41.162	28.58%
Increase/Decrease	0.19%	-3.464	-5.85%	0.157	0.28%					-1.394	-2.98%	-4.404	-9.87%	-1.178	-3.19%			-0.784	-1.87%
Starting No. of Shares	Reuters	59.254	Reuters	56.028	Reuters					46.764	MS Top 20	44.613	MS Top 20	36.953	MS Top 20			41.946	MS Top 20
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