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.														Q3 2024
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/
Maple Leaf Foods Inc					TSX	MFI	OTC	MLFNF	https://www.mapleleaffoods.com/			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					Accounting Rules
Cost of Sales	$4,126.5	$4,096.8	$2,773.9	$2,939.0	$2,911.8	$2,740.9	$2,934.7	$2,943.7	$3,350.6	$3,600.7	$3,862.0	$4,314.9	$4,416.6	$4,173.4	<-12 mths	-5.51%		59.22%	<-Total Growth	10	Cost of Sales
Change		-0.72%	-32.29%	5.95%	-0.92%	-5.87%	7.07%	0.31%	13.82%	7.46%	7.26%	11.73%	2.36%	-5.51%	<-12 mths	-333.80%		6.51%	<-Median->	10	Change
Ratio	0.84	0.84	0.63	0.93	0.88	0.82	0.83	0.84	0.85	0.84	0.85	0.91	0.91	0.86	<-12 mths	-5.21%		0.85	<-Median->	10	Ratio
Selling & Admin	$504.2	$494.7	$303.4	$297.9	$288.1	$324.8	$348.6	$341.5	$457.7	$490.7	$467.1	$431.7	$405.1	$31.4	<-12 mths	-92.24%		33.49%	<-Total Growth	10	Selling & Admin
Change		-1.88%	-38.66%	-1.83%	-3.30%	12.76%	7.33%	-2.04%	34.02%	7.21%	-4.81%	-7.57%	-6.17%	-92.24%	<-12 mths	-1394.41%		-1.94%	<-Median->	10	Change
Ratio	0.10	0.10	0.07	0.09	0.09	0.10	0.10	0.10	0.12	0.11	0.10	0.09	0.08	0.01	<-12 mths	-92.22%		0.10	<-Median->	10	Ratio
Total	$4,630.7	$4,591.5	$3,077.4	$3,236.8	$3,199.8	$3,065.7	$3,283.4	$3,285.2	$3,808.2	$4,091.3	$4,329.1	$4,746.6	$4,821.6	$4,204.8	<-12 mths	-12.79%		56.68%	<-Total Growth	10	Total
Change		-0.85%	-32.98%	5.18%	-1.14%	-4.19%	7.10%	0.06%	15.92%	7.43%	5.81%	9.65%	1.58%	-12.79%	<-12 mths	-909.88%		5.50%	<-Median->	10	Change
Ratio	0.95	0.94	0.70	1.03	0.97	0.92	0.93	0.94	0.97	0.95	0.96	1.00	0.99	0.87	<-12 mths	-12.52%		0.96	<-Median->	10	Ratio
														$4,853	<-12 mths	-0.32%
Revenue*	$4,893.6	$4,864.8	$4,406.4	$3,157.2	$3,292.9	$3,331.8	$3,522.2	$3,495.5	$3,941.5	$4,303.7	$4,521.1	$4,739.1	$4,867.9	$4,898	$5,054	$5,277		10.47%	<-Total Growth	10	Revenue
Increase	-1.50%	-0.59%	-9.42%	-28.35%	4.30%	1.18%	5.72%	-0.76%	12.76%	9.19%	5.05%	4.82%	2.72%	0.62%	3.18%	4.41%		1.00%	<-IRR #YR->	10	Revenue	10.47%
5 year Running Average	$4,567.2	$5,038.2	$4,870.9	$4,458.0	$4,123.0	$3,810.6	$3,542.1	$3,359.9	$3,517	$3,719.0	$3,956.8	$4,200.2	$4,474.7	$4,666.0	$4,816.0	$4,967.2		6.85%	<-IRR #YR->	5	Revenue	39.26%
Revenue per Share	$35.08	$34.78	$31.44	$22.09	$24.39	$25.22	$27.85	$28.32	$32.06	$34.94	$36.50	$38.95	$39.73	$39.70	$40.96	$42.77		-0.84%	<-IRR #YR->	10	5 yr Running Average	-8.13%
Increase	-1.69%	-0.85%	-9.59%	-29.75%	10.44%	3.40%	10.39%	1.69%	13.24%	8.97%	4.46%	6.71%	2.00%	-0.08%	3.18%	4.41%		5.90%	<-IRR #YR->	5	5 yr Running Average	33.18%
5 year Running Average	$33.88	$36.96	$35.14	$31.81	$29.56	$27.59	$26.20	$25.57	$27.57	$29.68	$31.93	$34.15	$36.43	$37.96	$39.17	$40.42		2.37%	<-IRR #YR->	10	Revenue per Share	26.35%
P/S (Price/Sales) Med	0.33	0.33	0.45	0.81	0.89	1.06	1.10	1.09	0.89	0.73	0.76	0.67	0.69	0.61	0.01	0.00		7.01%	<-IRR #YR->	5	Revenue per Share	40.30%
P/S (Price/Sales) Close	0.31	0.34	0.53	0.88	0.97	1.11	1.29	0.97	0.81	0.81	0.80	0.63	0.64	0.55	0.53	0.70		0.36%	<-IRR #YR->	10	5 yr Running Average	3.69%
P/S 10 Year Median	0.30	0.31	0.33	0.33	0.33	0.39	0.39	0.63	0.85	0.85	0.85	0.85	0.85	0.82	0.74	0.71		7.34%	<-IRR #YR->	5	5 yr Running Average	42.47%
*Revenue in M CDN $					P/S Med	20 yr	0.68	15 yr	0.73	10 yr	0.85	5 yr	0.73		-35.09%	Diff M/C
			-$4,406.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$4,867.9
								-$3,495.5	$0.0	$0.0	$0.0	$0.0	$4,867.9
			-$4,870.9	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$4,474.7
								-$3,359.9	$0.0	$0.0	$0.0	$0.0	$4,474.7
			-$31.44	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$39.73
								-$28.32	$0.00	$0.00	$0.00	$0.00	$39.73
			-$35.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$36.43
								-$25.57	$0.00	$0.00	$0.00	$0.00	$36.43
														$0.49	<-12 mths	444.44%
Adjusted Profit CDN$	$48.2	$67.1	-$71.3	-$79.1	$82.2	$169.2	$203.9	$155.6	$85.1	$128.0	$128.4	-$32.1	$11.0					115.36%	<-Total Growth	10	Adjusted Profit CDN$
Return on Equity ROE	5.57%	7.53%	-4.55%	-3.52%	4.00%	8.11%	9.94%	7.75%	4.37%	6.63%	6.31%	-1.94%	0.72%					5.34%	<-Median->	10	Return on Equity ROE
5Yr Median	3.45%	3.45%	3.45%	3.45%	4.00%	4.00%	4.00%	7.75%	7.75%	7.75%	6.63%	6.31%	4.37%					5.34%	<-Median->	10	5Yr Median
Basic	$0.34	$0.47	-$0.51	-$0.56	$0.58	$1.23	$1.54	$1.22	$0.68	$1.03	$1.03	-$0.26	$0.09					117.65%	<-Total Growth	10	AEPS
AEPS* Dilued	$0.34	$0.47	-$0.51	-$0.56	$0.58	$1.23	$1.54	$1.22	$0.68	$1.03	$1.03	-$0.26	$0.09	$0.64	$1.32	$1.79		117.65%	<-Total Growth	10	AEPS
Increase	9.68%	38.24%	-209%	-9.80%	203.57%	112.07%	25.20%	-20.78%	-44.26%	51.47%	0.00%	-125.24%	134.62%	611.11%	106.25%	35.61%		8	2	10	Years of Data, EPS P or N	80.00%
5 year Running Average	$0.41	$0.19	$0.14	$0.01	$0.06	$0.24	$0.46	$0.80	$1.05	$1.14	$1.10	$0.74	$0.51	$0.51	$0.56	$0.72		#NUM!	<-IRR #YR->	10	AEPS	117.65%
AEPS Yield	3.14%	3.93%	-3.04%	-2.88%	2.44%	4.37%	4.30%	4.46%	2.63%	3.65%	3.52%	-1.06%	0.36%	2.93%	6.03%	6.01%		-14.01%	<-IRR #YR->	5	AEPS	-92.62%
Payout Ratio	47.06%	34.04%	0.00%	0.00%	55.17%	29.27%	28.57%	42.62%	85.29%	62.14%	69.90%	0.00%	933.33%	137.50%	66.67%	49.16%		13.73%	<-IRR #YR->	10	5 yr Running Average	261.97%
5 year Running Average	53.75%	58.54%	58.54%	26.54%	27.25%	23.70%	22.60%	31.13%	48.19%	49.58%	57.71%	51.99%	230.13%	240.57%	241.48%	237.33%		-8.51%	<-IRR #YR->	5	5 yr Running Average	-35.91%
Price/AEPS Median	33.63	24.47	-27.95	-32.05	37.25	21.70	19.93	25.40	41.97	24.77	26.90	-99.94	303.89	37.79	0.27	0.00		25.09	<-Median->	10	Price/AEPS Median
Price/AEPS High	36.53	27.66	-33.18	-36.88	41.45	25.41	23.99	29.10	51.03	29.73	30.74	-124.58	346.67	42.67	0.00	0.00		29.41	<-Median->	10	Price/AEPS High
Price/AEPS Low	30.74	21.28	-22.73	-27.23	33.05	17.98	15.87	21.70	32.91	19.82	23.06	-75.31	261.11	32.91	0.00	0.00		20.76	<-Median->	10	Price/AEPS Low
Price/AEPS Close	31.85	25.47	-32.92	-34.77	40.97	22.86	23.26	22.40	38.06	27.40	28.41	-94.04	280.44	34.19	16.58	16.65		25.33	<-Median->	10	Price/AEPS Close
Trailing P/AEPS Close	34.94	35.21	35.72	-38.18	-42.43	48.48	29.12	17.75	21.21	41.50	28.41	23.74	-97.08	243.11	34.19	22.58		22.48	<-Median->	10	Trailing P/AEPS Close
Median Values		DPR	10 Yrs	48.90%	5 Yrs	69.90%	P/CF	5 Yrs	in order	26.90	30.74	23.06	28.41		27.10%	Diff M/C					DPR 75% to 95% best
* Adjusted (loss) Earnings per Share
			$0.51	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.09
								-$1.22	$0.00	$0.00	$0.00	$0.00	$0.09
			-$0.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.51
								-$0.80	$0.00	$0.00	$0.00	$0.00	$0.51
														$0.27	<-12 mths	126.21%						Yahoo
Difference Basic and Diluted	1.69%	2.41%	0.00%	0.00%	3.33%	2.22%	3.13%	2.47%	0.00%	1.09%	1.20%	0.00%	0.00%					1.15%	<-Median->	10	Difference Basic and Diluted
EPS Basic	$0.59	$0.83	$3.55	$5.03	$0.30	$1.35	$1.28	$0.81	$0.60	$0.92	$0.83	-$2.52	-$1.03					-129.01%	<-Total Growth	10	EPS Basic	WSJ
EPS Diluted*	$0.58	$0.81	$3.55	$5.03	$0.29	$1.32	$1.24	$0.79	$0.60	$0.91	$0.82	-$2.52	-$1.03	$1.04	$1.84	$1.90		-129.01%	<-Total Growth	10	EPS Diluted
Increase	205.26%	39.66%	338.27%	41.69%	-94.23%	355.17%	-6.06%	-36.29%	-24.05%	51.67%	-9.89%	-407.32%	59.13%	200.97%	76.92%	3.26%		8	2	10	Years of Data, EPS P or N	80.00%
Earnings Yield	5.36%	6.77%	21.14%	25.83%	1.22%	4.69%	3.46%	2.89%	2.32%	3.22%	2.80%	-10.31%	-4.08%	4.75%	8.41%	6.38%		#NUM!	<-IRR #YR->	10	Earnings per Share	-129.01%
5 year Running Average	$0.49	$0.34	$1.10	$2.03	$2.05	$2.20	$2.29	$1.73	$0.85	$0.97	$0.87	$0.12	-$0.24	-$0.16	$0.03	$0.25		-27.00%	<-IRR #YR->	5	Earnings per Share	-230.38%
10 year Running Average	$0.51	$0.52	$0.85	$1.26	$1.22	$1.35	$1.31	$1.42	$1.44	$1.51	$1.54	$1.20	$0.75	$0.35	$0.50	$0.56		#NUM!	<-IRR #YR->	10	5 yr Running Average	-122.10%
* Diluted ESP per share									E/P	10 Yrs	2.85%	5Yrs	2.32%					#NUM!	<-IRR #YR->	5	5 yr Running Average	-114.07%
			-$3.55	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$1.03
								-$0.79	$0.00	$0.00	$0.00	$0.00	-$1.03
			-$1.10	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$0.24
								-$1.73	$0.00	$0.00	$0.00	$0.00	-$0.24
Dividend*														$0.88	$0.90	$0.96			Estimates		Dividend*
Increase														4.76%	2.27%	6.67%			Estimates		Increase
Payout Ratio EPS														84.62%	48.91%	50.53%			Estimates		Payout Ratio EPS
Comment
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*	$0.16	$0.16	$0.16	$0.16	$0.32	$0.36	$0.44	$0.52	$0.58	$0.64	$0.72	$0.80	$0.84	$0.88	$0.88	$0.88		425.00%	<-Total Growth	10	Dividends
Increase	0.00%	0.00%	0.00%	0.00%	100.00%	12.50%	22.22%	18.18%	11.54%	10.34%	12.50%	11.11%	5.00%	4.76%	0.00%	0.00%		9	2	33	Years of data, Count P, N
Average Increases 5 Year Running	0.00%	0.00%	0.00%	0.00%	20.00%	25.00%	35.00%	45.00%	16.25%	15.56%	12.73%	10.77%	44.83%	37.50%	22.22%	10.00%		18.13%	<-Median->	10	5 year Increases
Dividends 5 Yr Running	$0.16	$0.16	$0.16	$0.16	$0.19	$0.23	$0.29	$0.36	$0.44	$0.51	$0.58	$0.65	$0.72	$0.78	$0.82	$0.86		347.50%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	1.40%	1.39%	1.12%	0.89%	1.48%	1.35%	1.43%	1.68%	2.03%	2.51%	2.60%	3.08%	3.07%	3.64%				1.86%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	1.29%	1.23%	0.95%	0.77%	1.33%	1.15%	1.19%	1.46%	1.67%	2.09%	2.27%	2.47%	2.69%	3.22%				1.57%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	1.53%	1.60%	1.38%	1.05%	1.67%	1.63%	1.80%	1.96%	2.59%	3.14%	3.03%	4.09%	3.57%	4.18%				2.28%	<-Median->	10	Yield on Low Price	AEPS
Yield on Close Price	1.48%	1.34%	0.95%	0.82%	1.35%	1.28%	1.23%	1.90%	2.24%	2.27%	2.46%	3.27%	3.33%	4.02%	4.02%	2.95%		2.07%	<-Median->	10	Yield on Close Price	CFPS
Payout Ratio EPS	27.59%	19.75%	4.51%	3.18%	110.34%	27.27%	35.48%	65.82%	96.67%	70.33%	87.80%	0.00%	0.00%	84.62%	47.83%	46.32%		30.23%	<-Median->	32	DPR EPS	FCF
DPR EPS 5 Yr Running	32.52%	47.62%	14.49%	7.87%	9.36%	10.55%	12.60%	20.76%	52.36%	52.26%	66.51%	543.33%	0.00%	0.00%	2746.67%	347.97%		32.79%	<-Median->	29	DPR EPS 5 Yr Running
Payout Ratio CFPS	9.12%	10.26%	8.62%	6.31%	27.10%	13.32%	14.38%	21.42%	26.41%	24.52%	29.26%	197.38%	58.19%	25.88%	26.67%	#DIV/0!		14.33%	<-Median->	26	DPR CF
DPR CF 5 Yr Running	11.80%	10.63%	10.17%	8.21%	10.80%	11.80%	12.71%	15.12%	19.19%	19.54%	22.74%	32.28%	39.27%	37.60%	37.42%	#DIV/0!		12.44%	<-Median->	19	DPR CF 5 Yr Running
Payout Ratio CFPS WC	19.71%	36.27%	6.68%	29.38%	36.27%	14.10%	13.83%	26.17%	26.39%	32.78%	51.20%	0.00%	134.37%	21.21%	21.21%	#DIV/0!		14.04%	<-Median->	26	DPR CF WC
DPR CF WC 5 Yr Running	15.42%	15.84%	14.47%	12.56%	18.92%	17.02%	15.07%	19.68%	20.55%	21.40%	27.04%	51.23%	71.58%	55.81%	45.03%	#DIV/0!		15.42%	<-Median->	19	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	1.86%	2.07%	5 Yr Med	5 Yr Cl	2.60%	2.46%	5 Yr Med	Payout	70.33%	29.26%	32.78%					10.07%	<-IRR #YR->	5	Dividends	61.54%
* Dividends per share	10 Yr Med	and Cur.	116.80%	94.12%	5 Yr Med	and Cur.	54.76%	63.45%	Last Div Inc --->		$0.21	$0.22	4.76%					18.04%	<-IRR #YR->	10	Dividends	425.00%
Dividends Growth 15																		11.69%	<-IRR #YR->	15	Dividends	425.00%
Dividends Growth 20																		8.64%	<-IRR #YR->	20	Dividends	425.00%
Dividends Growth 25																		6.86%	<-IRR #YR->	25	Dividends	425.00%
Dividends Growth 30																		2.68%	<-IRR #YR->	30	Dividends
Dividends Growth 35																		2.43%	<-IRR #YR->	33	Dividends
Dividends Growth 5								-$0.52	$0.00	$0.00	$0.00	$0.00	$0.84								Dividends Growth 5
Dividends Growth 10			-$0.16	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.84								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	$0.84								Dividends Growth 15
Dividends Growth 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	$0.84								Dividends Growth 20
Dividends Growth 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	$0.84								Dividends Growth 25
Dividends Growth 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	$0.84								Dividends Growth 30
Dividends Growth 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	$0.84								Dividends Growth 35
Historical Dividends	Historical	High Div	3.74%	Low Div	0.89%	10 Yr High	4.03%	10 Yr Low	0.81%	Med Div	1.49%	Close Div	1.47%								Historical Dividends
High/Ave/Median Values	Curr diff	Cheap	7.54%		77.87%	Exp.	-0.20%		396.54%	Cheap	169.93%	Cheap	173.73%								High/Ave/Median
Future Dividend Yield					Div Yield	6.50%	earning in	5	Years	at IRR of	10.07%	Div Inc.	61.54%								Future Dividend Yield	Div Yd
Future Dividend Yield					Div Yield	10.50%	earning in	10	Years	at IRR of	10.07%	Div Inc.	160.95%								Future Dividend Yield	6.50%
Future Dividend Yield					Div Yield	16.95%	earning in	15	Years	at IRR of	10.07%	Div Inc.	321.53%								Future Dividend Yield	10.50%
																						16.95%
Future Dividend Paid					Div Paid	$1.42	earning in	5	Years	at IRR of	10.07%	Div Inc.	61.54%								Future Dividend Paid
Future Dividend Paid					Div Paid	$2.30	earning in	10	Years	at IRR of	10.07%	Div Inc.	160.95%								Future Dividend Paid
Future Dividend Paid					Div Paid	$3.71	earning in	15	Years	at IRR of	10.07%	Div Inc.	321.53%								Future Dividend Paid
Dividend Covering Cost					Div Paid	$5.38	over	5	Years	at IRR of	10.07%	Div Cov.	24.59%								Dividend Covering Cost
Dividend Covering Cost					Div Paid	$12.65	over	10	Years	at IRR of	10.07%	Div Cov.	57.81%								Dividend Covering Cost
Dividend Covering Cost					Div Paid	$24.39	over	15	Years	at IRR of	10.07%	Div Cov.	111.47%								Dividend Covering Cost
Yield if held 5 years	1.14%	1.09%	1.46%	1.65%	2.98%	3.15%	3.83%	3.65%	3.23%	2.96%	2.70%	2.61%	2.71%	3.08%	3.45%	3.18%		2.97%	<-Median->	10	Paid Median Price	Div Yd
Yield if held 10 years	1.49%	1.18%	1.48%	1.26%	1.93%	2.56%	2.99%	4.75%	5.99%	5.96%	6.30%	6.96%	5.89%	4.90%	4.07%	3.30%		5.32%	<-Median->	10	Paid Median Price	3.08%
Yield if held 15 years	2.06%	0.87%	0.95%	1.18%	3.02%	3.35%	3.25%	4.81%	4.58%	3.86%	5.11%	5.43%	7.67%	9.10%	8.20%	7.70%		4.22%	<-Median->	10	Paid Median Price	4.90%
Yield if held 20 years	1.14%	1.15%	1.19%	1.34%	3.10%	4.65%	2.40%	3.09%	4.26%	6.04%	6.70%	5.90%	7.78%	6.96%	5.31%	6.25%		4.45%	<-Median->	10	Paid Median Price	9.10%
Yield if held 25 years					2.35%	2.56%	3.17%	3.87%	4.86%	6.21%	9.29%	4.36%	4.99%	6.47%	8.30%	8.19%		4.36%	<-Median->	9	Paid Median Price
Yield if held 30 years										4.70%	5.12%	5.77%	6.25%	7.37%	8.53%	11.35%		5.44%	<-Median->	4	Paid Median Price
Yield if held 35 years															6.46%	6.26%		#NUM!	<-Median->	0	Paid Median Price
Cost covered if held 5 years	5.68%	5.43%	7.31%	8.27%	8.94%	10.14%	12.52%	12.63%	12.37%	11.76%	10.87%	10.62%	11.55%	13.59%	16.15%	15.45%		11.21%	<-Median->	10	Paid Median Price
Cost covered if held 10 years	14.90%	11.81%	14.81%	12.65%	10.62%	13.91%	15.21%	23.74%	31.21%	32.60%	35.51%	40.87%	37.74%	33.98%	30.83%	26.90%		27.48%	<-Median->	10	Paid Median Price
Cost covered if held 15 years	30.97%	13.08%	14.26%	17.65%	24.15%	25.70%	22.44%	31.48%	30.20%	25.96%	34.49%	37.35%	56.44%	71.32%	70.98%	72.93%		28.08%	<-Median->	10	Paid Median Price
Cost covered if held 20 years	27.84%	26.63%	25.86%	27.27%	32.58%	45.94%	20.93%	24.96%	33.97%	48.11%	52.70%	46.49%	64.63%	60.87%	50.83%	64.87%		39.95%	<-Median->	10	Paid Median Price
Cost covered if held 25 years					37.39%	36.09%	37.01%	39.26%	45.86%	57.21%	83.35%	38.69%	46.24%	62.50%	86.98%	92.55%		39.26%	<-Median->	9	Paid Median Price
Cost covered if held 30 years										56.04%	56.71%	60.50%	65.90%	78.37%	97.16%	138.58%		58.61%	<-Median->	4	Paid Median Price
Cost covered if held 35 years															86.28%	87.15%		#NUM!	<-Median->	0	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$3,495.5	$3,941.5	$4,303.7	$4,521.1	$4,739.1	$4,867.9	$4,852.5	<-12 mths	-0.32%		39.26%	<-Total Growth	5	Revenue Growth	39.26%
AEPS Growth								$0.79	$0.60	$0.91	$0.82	-$2.52	-$1.03	$0.49	<-12 mths	-147.57%		-230.38%	<-Total Growth	5	AEPS Growth	-230.38%
Net Income Growth								$101.3	$74.6	$113.3	$102.8	-$311.9	-$125.0	$33.7	<-12 mths	-127.00%		-223.31%	<-Total Growth	5	Net Income Growth	-223.31%
Cash Flow Growth								$299.7	$270.0	$321.4	$304.8	$49.3	$176.9	$392.0	<-12 mths	121.63%		-40.98%	<-Total Growth	5	Cash Flow Growth	-40.98%
Dividend Growth								$0.52	$0.58	$0.64	$0.72	$0.80	$0.84	$0.88	<-12 mths	4.76%		61.54%	<-Total Growth	5	Dividend Growth	61.54%
Stock Price Growth								$27.33	$25.88	$28.22	$29.26	$24.45	$25.24	$21.88	<-12 mths	-13.31%		-7.65%	<-Total Growth	5	Stock Price Growth	-7.65%
Revenue Growth			$4,406.4	$3,157.2	$3,292.9	$3,331.8	$3,522.2	$3,495.5	$3,941.5	$4,303.7	$4,521.1	$4,739.1	$4,867.9	$4,898.0	<-this year	0.62%		10.47%	<-Total Growth	10	Revenue Growth	10.47%
AEPS Growth			$3.55	$5.03	$0.29	$1.32	$1.24	$0.79	$0.60	$0.91	$0.82	-$2.52	-$1.03	$0.64	<-this year	-162.14%		-129.01%	<-Total Growth	10	AEPS Growth	-129.01%
Net Income Growth			$512.2	$711.9	$41.6	$181.7	$164.1	$101.3	$74.6	$113.3	$102.8	-$311.9	-$125.0	$128.3	<-this year	-202.68%		-124.40%	<-Total Growth	10	Net Income Growth	-124.40%
Cash Flow Growth			$260.1	$362.2	$159.4	$357.0	$387.0	$299.7	$270.0	$321.4	$304.8	$49.3	$176.9	$512.0	<-this year	189.46%		-32.00%	<-Total Growth	10	Cash Flow Growth	-32.00%
Dividend Growth			$0.16	$0.16	$0.32	$0.36	$0.44	$0.52	$0.58	$0.64	$0.72	$0.80	$0.84	$0.88	<-this year	4.76%		425.00%	<-Total Growth	10	Dividend Growth	425.00%
Stock Price Growth			$16.79	$19.47	$23.76	$28.12	$35.82	$27.33	$25.88	$28.22	$29.26	$24.45	$25.24	$29.80	<-this year	18.07%		50.33%	<-Total Growth	10	Stock Price Growth	50.33%
Dividends on Shares				$9.60	$19.20	$21.60	$26.40	$31.20	$34.80	$38.40	$43.20	$48.00	$50.40	$52.80	$52.80	$52.80		$322.80	No of Years	10	Total Dividends	12/31/13
Paid			$1,007.40	$1,168.20	$1,425.60	$1,687.20	$2,149.20	$1,639.80	$1,552.80	$1,693.20	$1,755.60	$1,467.00	$1,514.40	$1,312.80	$1,312.80	$1,788.00		$1,514.40	No of Years	10	Worth	$16.79
Total																		$1,837.20
Dividends on Shares	$14.56	$14.56	$14.56	$14.56	$29.12	$32.76	$40.04	$47.32	$52.78	$58.24	$65.52	$72.80	$76.44	$80.08	$80.08	$80.08		$562.38	No of Years	15	Total Dividends	12/31/08
Paid	$985.53	$1,089.27	$1,527.89	$1,771.77	$2,162.16	$2,558.92	$3,259.62	$2,487.03	$2,355.08	$2,568.02	$2,662.66	$2,224.95	$2,296.84	$1,991.08	$1,991.08	$2,711.80		$2,296.84	No of Years	15	Worth	$11.07
Total																		$2,859.22
Graham Number AEPS	$6.89	$8.21	$10.88	$14.31	$14.09	$20.92	$23.71	$21.12	$15.58	$19.07	$19.52	$17.78	$5.00	$13.28	$19.07	$22.20		-54.02%	<-Total Growth	10	Graham Number AEPS
Increase	-11.80%	19.16%	32.59%	31.56%	-1.58%	48.46%	13.34%	-10.89%	-26.25%	22.40%	2.36%	-8.88%	-71.87%	165.34%	43.61%	16.45%		0.39%	<-Median->	10	Increase
Price/GP Ratio Med	1.66	1.40	1.31	1.25	1.53	1.28	1.29	1.47	1.83	1.34	1.42	1.46	5.47	1.82				1.44	<-Median->	10	Price/GP Ratio Med
Price/GP Ratio High	1.80	1.58	1.56	1.44	1.71	1.49	1.56	1.68	2.23	1.61	1.62	1.82	6.24	2.06				1.65	<-Median->	10	Price/GP Ratio High
Price/GP Ratio Low	1.52	1.22	1.07	1.07	1.36	1.06	1.03	1.25	1.44	1.07	1.22	1.10	4.70	1.59				1.16	<-Median->	10	Price/GP Ratio Low
Price/GP Ratio Close	1.57	1.46	1.54	1.36	1.69	1.34	1.51	1.29	1.66	1.48	1.50	1.37	5.04	1.65	1.15	1.34		1.49	<-Median->	10	Price/GP Ratio Close
Prem/Disc Close	57.25%	45.86%	54.31%	36.01%	68.65%	34.44%	51.10%	29.38%	66.13%	48.00%	49.92%	37.48%	404.46%	64.81%	14.76%	34.22%		48.96%	<-Median->	10	Graham Price
Graham Number EPS	$9.00	$10.77	$29.90	$42.16	$9.96	$21.67	$21.27	$17.00	$14.63	$17.92	$17.41	$15.87	$15.10	$16.92	$22.51	$22.87		-49.50%	<-Total Growth	10	Graham Number EPS
Increase	47.14%	19.77%	177.57%	40.97%	-76.37%	117.50%	-1.82%	-20.09%	-13.92%	22.48%	-2.84%	-8.88%	-4.82%	12.06%	33.01%	1.62%		-3.83%	<-Median->	10	Increase
Price/GP Ratio Med	1.27	1.07	0.48	0.43	2.17	1.23	1.44	1.82	1.95	1.42	1.59	1.64	1.81	1.43				1.61	<-Median->	10	Price/GP Ratio Med
Price/GP Ratio High	1.38	1.21	0.57	0.49	2.41	1.44	1.74	2.09	2.37	1.71	1.82	2.04	2.07	1.61				1.93	<-Median->	10	Price/GP Ratio High
Price/GP Ratio Low	1.16	0.93	0.39	0.36	1.92	1.02	1.15	1.56	1.53	1.14	1.36	1.23	1.56	1.24				1.30	<-Median->	10	Price/GP Ratio Low
Price/GP Ratio Close	1.20	1.11	0.56	0.46	2.39	1.30	1.68	1.61	1.77	1.57	1.68	1.54	1.67	1.29	0.97	1.30		1.64	<-Median->	10	Price/GP Ratio Close
Prem/Disc Close	20.40%	11.10%	-43.85%	-53.81%	138.50%	29.78%	68.38%	60.78%	76.86%	57.46%	68.03%	54.08%	67.13%	29.29%	-2.80%	30.28%		63.95%	<-Median->	10	Graham Price
Month, Year	Dec-11	Dec-12	Dec-13	Dec-14	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-25	Dec-26		33.00	<Count Years>		Month, Year
Price Close	$10.83	$11.97	$16.79	$19.47	$23.76	$28.12	$35.82	$27.33	$25.88	$28.22	$29.26	$24.45	$25.24	$21.88	$21.88	$29.80		50.33%	<-Total Growth	10	Stock Price
Increase	-4.92%	10.53%	40.27%	15.96%	22.03%	18.35%	27.38%	-23.70%	-5.31%	9.04%	3.69%	-16.44%	3.23%	-13.31%	0.00%	36.20%		14.29	<-Median->	10	CAPE (10 Yr P/E)
P/E Ratio	18.67	14.78	4.73	3.87	81.93	21.30	28.89	34.59	43.13	31.01	35.68	-9.70	-24.50	21.04	11.89	15.68		-1.58%	<-IRR #YR->	5	Stock Price	-7.65%
Trailing P/E Ratio	57.00	20.64	20.73	5.48	4.72	96.97	27.14	22.04	32.76	47.03	32.15	29.82	-10.02	-21.24	21.04	16.20		4.16%	<-IRR #YR->	10	Stock Price	50.33%
CAPE (10 Yr P/E)	24.36	24.09	15.49	10.76	11.84	11.88	13.80	13.89	14.68	15.09	16.06	21.54	35.91	78.02	53.51	48.26		1.12%	<-IRR #YR->	5	Price & Dividend	5.45%
Median 10, 5 Yrs		D.  per yr	2.51%	2.70%	% Tot Ret	37.66%	241.10%	T P/E	28.48	32.15	P/E:	29.95	31.01		-29.75%	Diff M/C		6.67%	<-IRR #YR->	10	Price & Dividend	82.37%
Price 15		D.  per yr	2.19%		% Tot Ret	27.90%						CAPE Diff	446.16%					5.65%	<-IRR #YR->	15	Stock Price	128.00%
Price  20		D.  per yr	1.86%		% Tot Ret	29.32%												4.48%	<-IRR #YR->	20	Stock Price	140.38%
Price  25		D.  per yr	1.43%		% Tot Ret	39.78%												2.17%	<-IRR #YR->	25	Stock Price	71.12%
Price 30		D.  per yr	1.48%		% Tot Ret	39.52%												2.27%	<-IRR #YR->	30	Stock Price
Price 35		D.  per yr	1.76%		% Tot Ret	40.51%												2.58%	<-IRR #YR->	33	Stock Price
Price & Dividend 15																		7.83%	<-IRR #YR->	15	Price & Dividend	183.83%
Price & Dividend 20																		6.34%	<-IRR #YR->	20	Price & Dividend	206.86%
Price & Dividend 25																		3.61%	<-IRR #YR->	25	Price & Dividend	123.86%
Price & Dividend 30																		3.75%	<-IRR #YR->	30	Price & Dividend	156.47%
Price & Dividend 35																		4.34%	<-IRR #YR->	33	Price & Dividend
Price  5								-$27.33	$0.00	$0.00	$0.00	$0.00	$25.24								Price  5
Price 10			-$16.79	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$25.24								Price 10
Price & Dividend 5								-$27.33	$0.58	$0.64	$0.72	$0.80	$26.08								Price & Dividend 5
Price & Dividend 10			-$16.79	$0.16	$0.32	$0.36	$0.44	$0.52	$0.58	$0.64	$0.72	$0.80	$26.08								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	$25.24								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	$25.24								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	$25.24								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	$25.24								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	$25.24								Price 35
Price & Dividend 15	$0.16	$0.16	$0.16	$0.16	$0.32	$0.36	$0.44	$0.52	$0.58	$0.64	$0.72	$0.80	$26.08								Price & Dividend 15
Price & Dividend 20	$0.16	$0.16	$0.16	$0.16	$0.32	$0.36	$0.44	$0.52	$0.58	$0.64	$0.72	$0.80	$26.08								Price & Dividend 20
Price & Dividend 25	$0.16	$0.16	$0.16	$0.16	$0.32	$0.36	$0.44	$0.52	$0.58	$0.64	$0.72	$0.80	$26.08								Price & Dividend 25
Price & Dividend 30	$0.16	$0.16	$0.16	$0.16	$0.32	$0.36	$0.44	$0.52	$0.58	$0.64	$0.72	$0.80	$26.08								Price & Dividend 30
Price & Dividend 35	$0.16	$0.16	$0.16	$0.16	$0.32	$0.36	$0.44	$0.52	$0.58	$0.64	$0.72	$0.80	$26.08								Price & Dividend 35
Price H/L Median	$11.44	$11.50	$14.26	$17.95	$21.61	$26.69	$30.69	$30.99	$28.54	$25.52	$27.71	$25.99	$27.35	$24.19	36.20%			91.86%	<-Total Growth	10	Stock Price
Increase	6.52%	0.57%	23.96%	25.92%	20.36%	23.54%	14.99%	0.98%	-7.91%	-10.60%	8.58%	-6.21%	5.25%	-11.57%	4.02%			-2.47%	<-IRR #YR->	5	Stock Price	-11.75%
P/E Ratio	19.72	14.20	4.02	3.57	74.50	20.22	24.75	39.23	47.57	28.04	33.79	-10.31	-26.55	23.25	40.22%			6.73%	<-IRR #YR->	10	Stock Price	91.86%
Trailing P/E Ratio	60.18	19.83	17.60	5.06	4.30	92.03	23.25	24.99	36.13	42.53	30.45	31.69	-10.85	-23.48				-0.04%	<-IRR #YR->	5	Price & Dividend	-0.19%
P/E on Running 5 yr Average	23.24	34.23	12.91	8.83	10.53	12.13	13.43	17.87	33.66	26.25	31.77	216.54	-112.09	-155.03				9.35%	<-IRR #YR->	10	Price & Dividend	129.60%
P/E on Running 10 yr Average	22.51	22.20	16.85	14.25	17.75	19.83	23.41	21.84	19.82	16.88	18.04	21.60	36.71	69.90				19.62	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	2.43%	2.62%	% Tot Ret	-6002.00%	27.98%	T P/E	27.72	31.69	P/E:	26.39	28.04						Count	33	Years of data
								-$30.99	$0.00	$0.00	$0.00	$0.00	$27.35
			-$14.26	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$27.35
								-$30.99	$0.58	$0.64	$0.72	$0.80	$28.19
			-$14.26	$0.16	$0.32	$0.36	$0.44	$0.52	$0.58	$0.64	$0.72	$0.80	$28.19
High Months	Apr	Apr	Nov	Jul	Jul	Oct	Dec	Jan	Aug	June	Nov	Feb	Aug	Jan
Price High	$12.42	$13.00	$16.92	$20.65	$24.04	$31.26	$36.94	$35.50	$34.70	$30.62	$31.66	$32.39	$31.20	$27.31				84.40%	<-Total Growth	10	Stock Price
Increase	-3.72%	4.67%	30.15%	22.04%	16.42%	30.03%	18.17%	-3.90%	-2.25%	-11.76%	3.40%	2.31%	-3.67%	-12.47%				-2.55%	<-IRR #YR->	5	Stock Price	-12.11%
P/E Ratio	21.41	16.05	4.77	4.11	82.90	23.68	29.79	44.94	57.83	33.65	38.61	-12.85	-30.29	26.26				6.31%	<-IRR #YR->	10	Stock Price	84.40%
Trailing P/E Ratio	65.37	22.41	20.89	5.82	4.78	107.79	27.98	28.63	43.92	51.03	34.79	39.50	-12.38	-26.51				24.27	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	31.71	39.50	P/E:	31.72	33.65					72.40	P/E Ratio		Historical High
								-$35.50	$0.00	$0.00	$0.00	$0.00	$31.20
			-$16.92	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$31.20
Low Months	Dec	Jul	Jan	Feb	Jan	Feb	Jan	Dec	Nov	Mar	Feb	Nov	Mar	Oct
Price Low	$10.45	$10.00	$11.59	$15.25	$19.17	$22.12	$24.44	$26.48	$22.38	$20.41	$23.75	$19.58	$23.50	$21.06				102.76%	<-Total Growth	10	Stock Price
Increase	21.94%	-4.31%	15.90%	31.58%	25.70%	15.39%	10.49%	8.35%	-15.48%	-8.80%	16.36%	-17.56%	20.02%	-10.38%				-2.36%	<-IRR #YR->	5	Stock Price	-11.25%
P/E Ratio	18.02	12.35	3.26	3.03	66.10	16.76	19.71	33.52	37.30	22.43	28.96	-7.77	-22.82	20.25				7.32%	<-IRR #YR->	10	Stock Price	102.76%
Trailing P/E Ratio	55.00	17.24	14.31	4.30	3.81	76.28	18.52	21.35	28.33	34.02	26.10	23.88	-9.33	-20.45				16.08	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	22.62	26.10	P/E:	21.07	22.43					-19.14	P/E Ratio		Historical Low
								-$26.48	$0.00	$0.00	$0.00	$0.00	$23.50
			-$11.59	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$23.50
														$319	<-12 mths	258.43%
Free Cash Flow Market Screener									-$0.6	$119.3	-$295.9	-$329.2	-$21.5	$280.5	$212.0
Change										21215.04%	-348.03%	-11.25%	93.47%	1404.65%	-24.42%
Free Cash Flow Company					$12.0	$244.0	$244.5	$119.8	-$0.6	-$119.3	-$295.9	-$20.9	$89.0					641.67%	<-Total Growth	8	Free Cash Flow Company
Change						1933.03%	0.20%	-50.98%	-100.47%	-21015.04%	-148.03%	92.94%	525.84%					-25.39%	<-Median->	8	Change
														$76	<-12 mths	-55.05%
Free Cash Flow MS Revised 2022		$218.08	$260.13	-$362.22	$159.41	$357.16	$386.70	$299.69	$270.18	$321.45	$304.79	$49.00						-100.00%	<-Total Growth	9	Free Cash Flow
Free Cash Flow MS Revised 2024				-$621.40	$11.71	$243.96	$244.45	$119.82	$2.09	-$111.09	$304.79	$49.00
Free Cash Flow MS	$15.66	-$88.25	-$101.03	-$140.00	$160.00	$340.00	$350.00	$330.00	$260.00	$340.00	$340.00	$160.00	$170.00	$280.5	$212.0			268.27%	<-Total Growth	10	Free Cash Flow
Change		-663.54%	-14.48%	-38.57%	214.29%	112.50%	2.94%	-5.71%	-21.21%	30.77%	0.00%	-52.94%	6.25%	65.00%	-24.42%			-12.42%	<-IRR #YR->	5	Free Cash Flow MS	-48.48%
FCF/CF from Op Ratio	0.06	-0.40	-0.39	-0.39	1.00	0.95	0.90	1.10	0.96	1.06	1.12	3.24	0.96	0.55	0.41			#NUM!	<-IRR #YR->	10	Free Cash Flow MS	268.27%
Dividends paid	$22.39	$22.23	$22.43	$22.66	$44.67	$48.35	$56.64	$65.12	$72.00	$78.93	$89.05	$99.08	$92.54	$108.58	$108.58			312.65%	<-Total Growth	10	Dividends paid
Percentage paid	142.95%	-25.19%	-22.20%	-16.18%	27.92%	14.22%	16.18%	19.73%	27.69%	23.22%	-30.10%	-30.15%	-381.36%	38.71%	51.22%			15.20%	<-Median->	10	Percentage paid
5 Year Coverage					-87.47%	93.91%	31.98%	22.83%	19.91%	19.82%	22.33%	28.26%	33.99%	36.28%	42.83%						5 Year Coverage
Dividend Coverage Ratio	0.70	-3.97	-4.50	-6.18	3.58	7.03	6.18	5.07	3.61	4.31	3.82	1.61	1.84	2.58	1.95			3.71	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage					-1.14	1.06	3.13	4.38	5.02	5.05	4.48	3.54	2.94	2.76	2.34						5 Year of Coverage
								-$330	$0	$0	$0	$0	$170
			$101	$0	$0	$0	$0	$0	$0	$0	$0	$0	$170
														-$64	<-12 mths	-161.68%
Free Cash Flow WSJ						$243.96	$244.45	$119.82	-$565.00	-$119.31	-$295.90	-$328.63	-$24.27	$280.5	$212.0			-109.95%	<-Total Growth	7	Free Cash Flow WSJ
Change							0.20%	-50.98%	-571.54%	78.88%	-148.02%	-11.06%	92.62%	1255.89%	-24.42%			#NUM!	<-IRR #YR->	5	Free Cash Flow MS
FCF/CF from Op Ratio						0.68	0.63	0.40	-2.09	-0.37	-0.97	-6.66	-0.14	0.55	0.41			#NUM!	<-IRR #YR->	7	Free Cash Flow MS
Dividends paid						$48.35	$56.64	$65.12	$72.00	$78.93	$89.05	$99.08	$92.54	$108.58	$108.58			91.41%	<-Total Growth	7	Dividends paid
Percentage paid						19.82%	23.17%	54.35%	-12.74%	-66.16%	-30.10%	-30.15%	-381.36%	38.71%	51.22%			-21.42%	<-Median->	8	Percentage paid
5 Year Coverage										-422.02%	-58.73%	-33.99%	-32.38%	-96.02%	-318.52%						5 Year Coverage
Dividend Coverage Ratio						5.05	4.32	1.84	-7.85	-1.51	-3.32	-3.32	-0.26	2.58	1.95			-0.89	<-Median->	8	Dividend Coverage Ratio
5 Year of Coverage										-0.24	-1.70	-2.94	-3.09	-1.04	-0.31						5 Year of Coverage
								-$120	$0	$0	$0	$0	-$24
						-$244	$0	$0	$0	$0	$0	$0	-$24
Market Cap in $M	$1,511.0	$1,674.4	$2,353.0	$2,783.1	$3,207.3	$3,714.2	$4,530.8	$3,373.8	$3,181.4	$3,476.1	$3,624.5	$2,975.1	$3,092.8	$2,699.8	$2,699.8	$3,677.0		31.44%	<-Total Growth	10	Market Cap	31.44%
Diluted # of Shares in Millions	141.80	142.70	139.90	141.20	141.70	137.60	132.40	127.50	125.20	124.30	124.70	123.60	121.80	124.10	124.10	124.10		-12.94%	<-Total Growth	10	Diluted # of Shares in Million
Change	1.94%	0.63%	-1.96%	0.93%	0.35%	-2.89%	-3.78%	-3.70%	-1.80%	-0.72%	0.32%	-0.88%	-1.46%	1.89%	0.00%	0.00%		-1.38%	<-IRR #YR->	10	Change
Difference Diluted/Basic	0.0%	-2.3%	0.0%	0.0%	-0.4%	-2.5%	-2.9%	-2.0%	-1.3%	-1.0%	-1.0%	0.0%	0.0%	-1.0%	-1.0%	-1.0%		-0.91%	<-IRR #YR->	5	Difference Diluted/Basic
Change in Diluted Shares per Year
			-139.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	121.8
								-127.5	0.0	0.0	0.0	0.0	121.8
Basic # of Shares in Millions	141.80	139.40	139.90	141.20	141.20	134.20	128.60	125.00	123.60	123.10	123.50	123.60	121.80	122.90	122.90	122.90		-12.94%	<-Total Growth	10	Basic
Change	4.57%	-1.69%	0.36%	0.93%	0.00%	-4.96%	-4.17%	-2.80%	-1.12%	-0.40%	0.32%	0.08%	-1.46%	0.90%	0.00%	0.00%		-0.76%	<-Median->	10	Change
Difference Basic/Outstanding	-1.61%	0.35%	0.17%	1.23%	-4.40%	-1.58%	-1.64%	-1.24%	-0.54%	0.06%	0.30%	-1.55%	0.60%	0.40%	0.40%	0.40%		-0.89%	<-Median->	10	Difference Basic/Outstanding
Issued
Repurchases
														$392	<-12 mths	121.63%						Alpha Sp
# of Share in Millions	139.517	139.885	140.142	142.943	134.987	132.085	126.489	123.448	122.930	123.180	123.871	121.680	122.534	123.390	123.390	123.390		-1.33%	<-IRR #YR->	10	Shares	-12.56%
Change	0.19%	0.26%	0.18%	2.00%	-5.57%	-2.15%	-4.24%	-2.40%	-0.42%	0.20%	0.56%	-1.77%	0.70%	0.70%	0.00%	0.00%		-0.15%	<-IRR #YR->	5	Shares	-0.74%
Cash Flow from Operations $M	$244.8	$218.1	$260.1	$362.2	$159.4	$357.0	$387.0	$299.7	$270.0	$321.4	$304.8	$49.3	$176.9	$512.0	$512.0			-32.00%	<-Total Growth	10	Cash Flow
Increase	-13.69%	-10.93%	19.28%	39.25%	-55.99%	123.96%	8.40%	-22.56%	-9.91%	19.06%	-5.18%	-83.82%	258.66%	189.46%	0.00%			Stock Options	Share Pur.
5 year Running Average	$183.8	$206.3	$219.2	$273.8	$248.9	$271.4	$305.2	$313.1	$294.6	$327.0	$316.6	$249.0	$224.5	$272.9	$311.0			2.42%	<-Total Growth	10	CF 5 Yr Running
CFPS	$1.75	$1.56	$1.86	$2.53	$1.18	$2.70	$3.06	$2.43	$2.20	$2.61	$2.46	$0.41	$1.44	$3.40	$3.30			-22.23%	<-Total Growth	10	Cash Flow per Share
Increase	-13.86%	-11.16%	19.06%	36.52%	-53.40%	128.88%	13.20%	-20.65%	-9.53%	18.81%	-5.71%	-83.53%	256.16%	135.53%	-2.94%			-3.78%	<-IRR #YR->	10	Cash Flow	-32.00%
5 year Running Average	$1.36	$1.50	$1.57	$1.95	$1.78	$1.97	$2.27	$2.38	$2.31	$2.60	$2.55	$2.02	$1.82	$2.06	$2.20			-10.01%	<-IRR #YR->	5	Cash Flow	-40.98%
P/CF on Med Price	6.52	7.38	7.68	7.08	18.30	9.87	10.03	12.77	12.99	9.78	11.26	64.11	18.95	7.11	0.11			-2.48%	<-IRR #YR->	10	Cash Flow per Share	-22.23%
P/CF on Closing Price	6.17	7.68	9.05	7.68	20.12	10.40	11.71	11.26	11.78	10.81	11.89	60.32	17.48	6.44	6.63			-9.87%	<-IRR #YR->	5	Cash Flow per Share	-40.54%
															-46.43%	Diff M/C		1.48%	<-IRR #YR->	10	CFPS 5 yr Running	15.84%
														$278.69	<-12 mths	263.81%
Excl.Working Capital CF	-$131.6	-$156.4	$75.5	-$284.4	-$40.3	-$19.9	$15.4	-$54.4	-$63.2	-$80.9	-$130.6	-$193.0	-$100.3	$0.0	$0.0			-5.20%	<-IRR #YR->	5	CFPS 5 yr Running	-23.43%
Cash Flow from Operations $M WC	$113.3	$61.7	$335.6	$77.8	$119.1	$337.1	$402.4	$245.3	$270.2	$240.5	$174.2	-$143.7	$76.6	$512.0	$512.0			-77.17%	<-Total Growth	10	Cash Flow less WC
Increase	-62.61%	-45.53%	443.85%	-76.80%	53.01%	183.05%	19.37%	-39.04%	10.14%	-10.98%	-27.57%	-182.48%	153.31%	568.39%	0.00%			-13.73%	<-IRR #YR->	10	Cash Flow less WC	-77.17%
5 year Running Average	$139.8	$137.2	$154.8	$178.3	$141.5	$186.3	$254.4	$236.4	$274.8	$299.1	$266.5	$157.3	$123.6	$171.9	$226.2			-20.77%	<-IRR #YR->	5	Cash Flow less WC	-68.77%
CFPS Excl. WC	$0.81	$0.44	$2.39	$0.54	$0.88	$2.55	$3.18	$1.99	$2.20	$1.95	$1.41	-$1.18	$0.63	$4.15	$4.15			-2.23%	<-IRR #YR->	10	CF less WC 5 Yr Run	-20.15%
Increase	-62.68%	-45.67%	442.85%	-77.26%	62.03%	189.27%	24.65%	-37.54%	10.60%	-11.16%	-27.97%	-183.96%	152.94%	563.75%	0.00%			-12.17%	<-IRR #YR->	5	CF less WC 5 Yr Run	-47.72%
5 year Running Average	$1.04	$1.01	$1.11	$1.27	$1.01	$1.36	$1.91	$1.83	$2.16	$2.37	$2.15	$1.27	$1.00	$1.39	$1.83			-12.57%	<-IRR #YR->	10	CFPS - Less WC	-73.89%
P/CF on Median Price	14.08	26.07	5.95	32.96	24.49	10.46	9.65	15.59	12.99	13.07	19.70	-22.01	43.75	5.83	0.09			-20.65%	<-IRR #YR->	5	CFPS - Less WC	-68.54%
P/CF on Closing Price	13.34	27.14	7.01	35.75	26.93	11.02	11.26	13.75	11.78	14.45	20.81	-20.71	40.37	5.27	5.27			-1.00%	<-IRR #YR->	10	CFPS 5 yr Running	-9.54%
*Operational Cash Flow.			CF/-WC	P/CF Med	10 yr	12.01	5 yr	12.99	P/CF Med	10 yr	14.33	5 yr	13.07		-63.21%	Diff M/C		-11.38%	<-IRR #YR->	5	CFPS 5 yr Running	-45.33%
			-140.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	122.5								Shares
								-123.4	0.0	0.0	0.0	0.0	122.5								Shares
			-$260.1	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$176.9								Cash Flow
								-$299.7	$0.0	$0.0	$0.0	$0.0	$176.9								Cash Flow
			-$1.86	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.44								Cash Flow per Share
								-$2.43	$0.00	$0.00	$0.00	$0.00	$1.44								Cash Flow per Share
			-$1.57	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.82								CFPS 5 yr Running
								-$2.38	$0.00	$0.00	$0.00	$0.00	$1.82								CFPS 5 yr Running
			-$335.6	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$76.6								Cash Flow less WC
								-$245.3	$0.0	$0.0	$0.0	$0.0	$76.6								Cash Flow less WC
			-$154.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$123.6								CF less WC 5 Yr Run
								-$236.4	$0.0	$0.0	$0.0	$0.0	$123.6								CF less WC 5 Yr Run
			-$2.39	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.63								CFPS - Less WC
								-$1.99	$0.00	$0.00	$0.00	$0.00	$0.63								CFPS - Less WC
			-$1.11	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.00								CFPS 5 yr Running
								-$1.83	$0.00	$0.00	$0.00	$0.00	$1.00								CFPS 5 yr Running
Change in other long-term rec
Net Taxes Paid	-$17.703	-$21.861	-$28.537	-$1.442	-$12.735	-$4.944	-$10.604	-$6.820	-$40.682	-$26.212	-$69.595	-$30.162	$39.028
Interest Paid	-$57.969	-$69.896	-$62.949	-$39.897	-$3.674	-$3.904	-$2.299	-$7.996	-$28.137	-$28.839	-$22.088	-$54.897	-$150.425
Change in WC	-$55.886	-$64.616	$166.955	-$243.035	-$23.889	-$11.016	$28.340	-$39.552	$5.633	-$25.883	-$38.899	-$107.938	$11.116
Change in Working Capital	-$131.558	-$156.373	$75.469	-$284.374	-$40.298	-$19.864	$15.437	-$54.368	-$63.186	-$80.934	-$130.582	-$192.997	-$100.281
TD						-$20	$15	-$54	-$63	-$81	-$131	-$193	-$100
Difference						$0	$0	$0	$0	$0	$0	$0	$0
																		For banks, use Net Income, not CF
OPM Ratio	5.00%	4.48%	5.90%	11.47%	4.84%	10.71%	10.99%	8.57%	6.85%	7.47%	6.74%	1.04%	3.63%	10.45%				-38.45%	<-Total Growth	10	OPM
Increase	-12.38%	-10.40%	31.69%	94.34%	-57.80%	121.34%	2.54%	-21.97%	-20.10%	9.04%	-9.74%	-84.56%	249.16%	187.68%					Should increase		or be stable.
Diff from Median	-30.1%	-37.4%	-17.5%	60.2%	-32.4%	49.7%	53.5%	19.7%	-4.3%	4.3%	-5.8%	-85.5%	-49.2%	46.0%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	7.16%	5 Yrs	6.74%					should be	zero, it is a		check on calculations
														$518	<-12 mths	21.21%
Adjusted EBITDA		$132.80	-$48.70	$14.80	$220.00	$343.00	$381.0	$344.0	$321.2	$397.9	$399.5	$272.9	$427.6	$542.1	$635.0	$687.8		978.03%	<-Total Growth	10	Adjusted EBITDA
Change			-136.67%	130.39%	1386.49%	55.91%	11.08%	-9.71%	-6.63%	23.88%	0.40%	-31.69%	56.69%	26.78%	17.14%	8.31%		17.48%	<-Median->	10	Change
Margin		2.73%	-1.11%	0.47%	6.68%	10.29%	10.82%	9.84%	8.15%	9.25%	8.84%	5.76%	8.78%	11.07%	12.56%	13.03%		8.81%	<-Median->	10	EBITDA Margin
Long Term Debt	$941.96	$1,206.95	$744.21	$10.02	$9.84	$9.12	$8.44	$302.52	$538.43	$745.05	$1,247.07	$1,709.49	$1,550.08	$1,478.32							Debt	Type
Change	142.10%	28.13%	-38.34%	-98.65%	-1.74%	-7.36%	-7.41%	3483.13%	77.98%	38.37%	67.38%	37.08%	-9.33%	-4.63%				17.67%	<-Median->	10	Change	Lg Term R
Debt/Market Cap Ratio	0.62	0.72	0.32	0.00	0.00	0.00	0.00	0.09	0.17	0.21	0.34	0.57	0.50	0.55				0.13	<-Median->	10	Debt/Market Cap Ratio	Intang/GW
Assets/Current Liabilities Ratio	4.99	5.97	1.84	7.43	7.99	7.02	7.52	6.32	6.57	5.79	6.56	7.00	4.46	4.76				6.79	<-Median->	10	Assets/Current Liab Ratio	Liquidity
Current Liabilities/Asset Ratio	0.20	0.17	0.54	0.13	0.13	0.14	0.13	0.16	0.15	0.17	0.15	0.14	0.22	0.21				0.15	<-Median->	10	Current Liab/Asset Ratio	Liq. + CF
Debt to Cash Flow (Years)	3.85	5.53	2.86	0.03	0.06	0.03	0.02	1.01	1.99	2.32	4.09	34.66	8.76	2.89				1.50	<-Median->	10	Debt to Cash Flow (Years)	Debt Ratio
																						Leverage
Intangibles	$191.90	$208.79	$198.58	$165.07	$138.16	$128.09	$215.20	$429.42	$352.71	$341.20	$365.32	$360.56	$345.13	$338.38				73.80%	<-Total Growth	10	Intangibles	D/E Ratio
Goodwill	$753.74	$753.16	$720.80	$428.24	$428.24	$428.24	$517.39	$647.72	$657.18	$652.50	$658.67	$477.35	$477.35	$477.35				-33.77%	<-Total Growth	10	Goodwill
Total	$191.90	$208.79	$198.58	$165.07	$138.16	$128.09	$215.20	$429.42	$352.71	$341.20	$365.32	$360.56	$345.13	$338.38				73.80%	<-Total Growth	10	Total
Change	17.43%	8.81%	-4.89%	-16.88%	-16.30%	-7.29%	68.01%	99.55%	-17.86%	-3.27%	7.07%	-1.30%	-4.28%	-1.96%				-3.77%	<-Median->	10	Change
Intangible/Market Cap Ratio	0.13	0.12	0.08	0.06	0.04	0.03	0.05	0.13	0.11	0.10	0.10	0.12	0.11	0.13				0.10	<-Median->	10	Intangible/Market Cap Ratio
Current Assets	$643.0	$803.5	$3,599.1	$1,064.3	$830.6	$972.2	$765.8	$748.4	$874.3	$882.8	$937.1	$1,045.8	$1,211.5	$1,180.0				-197.09%	<-Total Growth	10	Current Assets
Current Liabilities	$588.7	$543.0	$1,957.1	$387.2	$329.1	$375.2	$350.3	$494.9	$535.1	$667.0	$668.7	$633.9	$1,032.4	$936.3				-89.57%	<-Total Growth	10	Current Liabilities
Liquidity Ratio	1.09	1.48	1.84	2.75	2.52	2.59	2.19	1.51	1.63	1.32	1.40	1.65	1.17	1.26				1.64	<-Median->	10	Ratio
Liq. with CF aft div	1.05	1.42	1.82	2.60	2.23	2.30	1.89	1.34	1.44	1.61	1.64	1.50	1.22	1.62				1.50	<-Median->	5	Liq. with CF aft div	If Div = 0
Liq. with CF aft div (WC)	1.24	1.53	1.99	2.79	2.54	3.09	2.87	1.77	1.89	1.51	1.47	1.23	1.14	1.62							Liq. with CF aft div (WC)
Liq. CF re  Inv+Div	1.03	1.07	1.97	3.65	1.74	2.56	1.50	0.81	1.09	0.90	0.75	0.94	0.92	1.34				0.92	<-Median->	5	Liq. CF re  Inv+Div
Curr Long Term Debt	$5.618	$6.573	$209.780	$0.000	$0.813	$0.794	$0.805	$80.897	$0.000	$0.900	$5.176	$0.921	$400.735	$300.771				$0.9	<-Median->	5	Curr Long Term Debt
Liquidity Less CLTD	1.10	1.50	2.06	2.75	2.53	2.60	2.19	1.81	1.63	1.33	1.41	1.65	1.92	1.86				1.63	<-Median->	5	Liquidity Less CLTD
Liq. with CF aft div	1.47	1.83	2.18	3.48	2.66	3.15	2.85	2.19	1.89	1.62	1.65	1.50	1.89	2.27				1.65	<-Median->	5	Liq. with CF aft div
Assets	$2,940.5	$3,243.7	$3,599.1	$2,876.5	$2,630.9	$2,632.6	$2,632.6	$3,127.8	$3,514.0	$3,860.2	$4,385.8	$4,439.4	$4,603.1	$4,454.2				27.90%	<-Total Growth	10	Assets
Liabilities	$2,010.3	$2,285.7	$1,957.1	$632.0	$577.7	$544.6	$581.0	$1,121.0	$1,564.2	$1,927.7	$2,349.9	$2,778.8	$3,088.3	$2,944.0				57.80%	<-Total Growth	10	Liabilities
Debt Ratio	1.46	1.42	1.84	4.55	4.55	4.83	4.53	2.79	2.25	2.00	1.87	1.60	1.49	1.51				2.52	<-Median->	10	Ratio
Estimates BVPS														$12.24	$12.55				Estimates		Estimates BVPS
Estimate Book Value														$1,510.3	$1,548.5				Estimates		Estimate Book Value
P/B Ratio (Close)														1.79	1.74				Estimates		P/B Ratio (Close)
Difference from 10 year median															2.51%	Diff M/C			Estimates		Difference from 10 yr med.
Gross Book Value	$930.1	$958.0	$1,642.0	$2,244.5	$2,053.1	$2,088.0	$2,051.6	$2,006.8	$1,949.9	$1,932.5	$2,035.9	$1,660.6	$1,514.8	$1,510.2
NCI	$65.0	$67.1	$60.9	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0
Book Value	$865.1	$890.9	$1,569.0	$2,244.5	$2,053.1	$2,088.0	$2,051.6	$2,006.8	$1,949.9	$1,932.5	$2,035.9	$1,660.6	$1,514.8	$1,510.2	$1,510.2	$1,510.2		-3.46%	<-Total Growth	10	Book Value
Book Value per share	$6.20	$6.37	$11.20	$15.70	$15.21	$15.81	$16.22	$16.26	$15.86	$15.69	$16.44	$13.65	$12.36	$12.24	$12.24	$12.24		10.42%	<-Total Growth	10	Book Value per Share
Increase	-29.08%	2.72%	75.79%	40.25%	-3.13%	3.93%	2.60%	0.23%	-2.43%	-1.09%	4.77%	-16.97%	-9.42%	-1.00%	0.00%	0.00%		-0.99%	P/B Ratio		Current/Historical Median
P/B Ratio (Median)	1.84	1.81	1.27	1.14	1.42	1.69	1.89	1.91	1.80	1.63	1.69	1.90	2.21	1.98	0.03	0.00		1.81	P/B Ratio		Historical Median
P/B Ratio (Close)	1.75	1.88	1.50	1.24	1.56	1.78	2.21	1.68	1.63	1.80	1.78	1.79	2.04	1.79	1.79	2.43		1.00%	<-IRR #YR->	10	Book Value per Share	10.42%
Change	34.07%	7.60%	-20.21%	-17.32%	25.98%	13.87%	24.15%	-23.88%	-2.95%	10.25%	-1.03%	0.64%	13.96%	-12.44%	0.00%	36.20%		-5.33%	<-IRR #YR->	5	Book Value per Share	-23.96%
Median 10 year P/B Ratio	1.77	1.77	1.70	1.46	1.35	1.35	1.35	1.55	1.74	1.74	1.69	1.69	1.74	1.85	1.85	1.85
Leverage (A/BK)	3.40	3.64	2.29	1.28	1.28	1.26	1.28	1.56	1.80	2.00	2.15	2.67	3.04	2.95				2.15	<-Median->	5	A/BV
Debt/Equity Ratio	2.32	2.57	1.25	0.28	0.28	0.26	0.28	0.56	0.80	1.00	1.15	1.67	2.04	1.95				1.15	<-Median->	5	Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities)									P/B Ratios	10 yr Med	1.74	5 yr Med	1.80		2.52%	Diff M/C		2.78	Historical		Leverage (A/BK)
			-$11.20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$12.36
								-$16.26	$0.00	$0.00	$0.00	$0.00	$12.36
														$33.28	<-12 mths	137.74%
Total Comprehensive Income	-$22.89	$38.49	$725.71	$664.04	$41.78	$229.98	$149.73	$126.38	$64.02	$50.25	$187.28	-$242.54	-$88.17
NCI	$4.09	$6.51	$19.20	$1.73	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Comprehensive Income	-$26.98	$31.98	$706.52	$662.31	$41.78	$229.98	$149.73	$126.38	$64.02	$50.25	$187.28	-$242.54	-$88.17					-112.48%	<-Total Growth	10	Comprehensive Income
Increase	-28.28%	218.54%	2109.17%	-6.26%	-93.69%	450.44%	-34.89%	-15.60%	-49.34%	-21.51%	272.71%	-229.51%	63.65%					-21.51%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$30	-$4	$148	$271	$283	$335	$358	$242	$122	$124	$116	$37	-$6					#NUM!	<-IRR #YR->	10	Comprehensive Income	-112.48%
ROE	0.0%	3.6%	45.0%	29.5%	2.0%	11.0%	7.3%	6.3%	3.3%	2.6%	9.2%	0.0%	0.0%					#NUM!	<-IRR #YR->	5	Comprehensive Income	-169.76%
5Yr Median			3.6%	3.6%	3.6%	11.0%	11.0%	7.3%	6.3%	6.3%	6.3%	3.3%	2.6%					#NUM!	<-IRR #YR->	10	5 Yr Running Average	-103.94%
% Difference from Net Income	0.0%	-72.3%	42.2%	-6.7%	0.5%	26.6%	-8.7%	24.7%	-14.2%	-55.6%	82.1%	0.0%	0.0%					#NUM!	<-IRR #YR->	5	5 Yr Running Average	-102.41%
Median Values										Diff	5, 10 yr	0.0%	0.0%					2.6%	<-Median->	5	Return on Equity
			-$706.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$88.2
								-$126.4	$0.0	$0.0	$0.0	$0.0	-$88.2
			-$148.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$5.8
								-$242.0	$0.0	$0.0	$0.0	$0.0	-$5.8
Current Liability Coverage Ratio	0.19	0.11	0.17	0.20	0.36	0.90	1.15	0.50	0.50	0.36	0.26	-0.23	0.07	0.55							CFO / Current Liabilities
5 year Median	0.19	0.19	0.17	0.19	0.19	0.20	0.36	0.50	0.50	0.50	0.50	0.36	0.26	0.26				0.36	<-Median->	10	Current Liability Cov Ratio
Asset Efficiency Ratio	3.85%	1.90%	9.32%	2.71%	4.53%	12.81%	15.29%	7.84%	7.69%	6.23%	3.97%	-3.24%	1.66%	11.49%							CFO / Total Assets
5 year Median	3.85%	3.85%	3.85%	3.85%	3.85%	4.53%	9.32%	7.84%	7.84%	7.84%	7.69%	6.23%	3.97%	3.97%				5.4%	<-Median->	10	Return on Assets
Return on Assets ROA	2.79%	3.55%	13.81%	24.68%	1.58%	6.90%	6.23%	3.24%	2.12%	2.93%	2.34%	-7.03%	-2.72%	2.88%				Net	Income/Assets		Return on Assets
5Yr Median	1.71%	1.71%	2.79%	3.55%	3.55%	6.90%	6.90%	6.23%	3.24%	3.24%	2.93%	2.34%	2.12%	2.34%				2.6%	<-Median->	10	Asset Efficiency Ratio
Return on Equity ROE	9.49%	12.94%	31.68%	31.63%	2.03%	8.70%	8.00%	5.05%	3.83%	5.86%	5.05%	0.00%	0.00%	8.50%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	4.39%	4.39%	9.49%	12.94%	12.94%	12.94%	8.70%	8.00%	5.05%	5.86%	5.05%	5.05%	3.83%	5.05%				5.1%	<-Median->	10	Return on Equity
														$34	<-12 mths	127.00%
Net Income	$87.33	$122.71	$512.16	$711.91	$41.58	$181.7	$164.1	$101.3	$74.6	$113.3	$102.8	-$311.9	-$125.0
NCI	$5.20	$7.42	$15.16	$1.98	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Net Income	$82.13	$115.30	$497.00	$709.93	$41.58	$181.70	$164.09	$101.35	$74.63	$113.28	$102.82	-$311.89	-$124.98	$128	$227	$234		-125.15%	<-Total Growth	10	Net Income	Alpha Sp
Increase	218.08%	40.38%	331.06%	42.84%	-94.14%	336.99%	-9.69%	-38.24%	-26.36%	51.79%	-9.23%	-403.33%	59.93%	202.68%	76.92%	3.26%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$66.1	$47.7	$154.5	$286.0	$289.2	$309.1	$318.9	$239.7	$113	$127	$111	$16	-$29	-$18.5	$4.3	$30.6		#NUM!	<-IRR #YR->	10	Net Income	-125.15%
Operating Cash Flow	$244.8	$218.1	$260.1	$362.2	$159.4	$357.0	$387.0	$299.7	$270.0	$321.4	$304.8	$49.3	$176.9					#NUM!	<-IRR #YR->	5	Net Income	-223.31%
Investment Cash Flow	-$209.4	-$375.5	$520.0	$1,330.0	-$138.9	-$106.5	-$325.7	-$559.0	-$275.3	-$417.4	-$623.5	-$377.0	-$188.6					#NUM!	<-IRR #YR->	10	5 Yr Running Average	-118.92%
Total Accruals	$46.7	$272.7	-$283.2	-$982.2	$21.1	-$68.8	$102.8	$360.7	$79.9	$209.3	$421.5	$15.8	-$113.3					#NUM!	<-IRR #YR->	5	5 Yr Running Average	-112.19%
Total Assets	$2,940.5	$3,243.7	$3,599.1	$2,876.5	$2,630.9	$2,632.6	$2,632.6	$3,127.8	$3,514.0	$3,860.2	$4,385.8	$4,439.4	$4,603.1						Balance Sheet		Assets
Accruals Ratio	1.59%	8.41%	-7.87%	-34.15%	0.80%	-2.61%	3.90%	11.53%	2.27%	5.42%	9.61%	0.36%	-2.46%					2.27%	<-Median->	5	Ratio
EPS/CF Ratio (WC)	0.71	1.84	1.48	9.24	0.33	0.52	0.39	0.40	0.27	0.47	0.58	2.13	-1.65					0.43	<-Median->	10	EPS/CF Ratio
			-$497.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$125.0
								-$101.3	$0.0	$0.0	$0.0	$0.0	-$125.0
			-$154.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$29.2
								-$239.7	$0.0	$0.0	$0.0	$0.0	-$29.2
Change in Close	-4.92%	10.53%	40.27%	15.96%	22.03%	18.35%	27.38%	-23.70%	-5.31%	9.04%	3.69%	-16.44%	3.23%	-13.31%	0.00%	36.20%			Count	29	Years of data
up/down			Down	up	up				Down		Down	Down							Count	9	31.03%
Meet Prediction?				Yes	Yes				Yes									% right	Count	4	44.44%
Financial Cash Flow	-$56.0	$236.0	-$320.1	-$973.7	-$224.6	-$139.3	-$261.2	$128.5	$29.8	$99.5	$379.9	$256.7	$124.0						C F Statement		Financial Cash Flow
Total Accruals	$102.7	$36.7	$36.9	-$8.6	$245.6	$70.5	$364.0	$232.2	$50.1	$109.7	$41.6	-$240.9	-$237.3								Accruals
Accruals Ratio	3.49%	1.13%	1.03%	-0.30%	9.34%	2.68%	13.83%	7.42%	1.43%	2.84%	0.95%	-5.43%	-5.15%					0.95%	<-Median->	5	Ratio
Cash	-$36.4	$42.2	$502.3	$496.3	$292.3	$403.6	$203.4	$72.5	$97.3	$100.8	$162.0	$91.1	$203.4	$181.8							Cash
Cash per Share	-$0.26	$0.30	$3.58	$3.47	$2.17	$3.06	$1.61	$0.59	$0.79	$0.82	$1.31	$0.75	$1.66	$1.47				$0.82	<-Median->	5	Cash per Share
Percentage of Stock Price	-2.41%	2.52%	21.35%	17.83%	9.11%	10.87%	4.49%	2.15%	3.06%	2.90%	4.47%	3.06%	6.58%	6.73%				3.06%	<-Median->	5	% of Stock Price
Notes:
December 14, 2024.  Last estimates were for 2023,2024, 2025 of $4923M, $5126M, $5281M Revenue, $0.26, $1.62, $2.37 AEPS, $0.64, $2.01, $2.71 EPS, $0.84, $0.88 2023/4 Dividends,
-$54M, $249M, $378M FCF, 1.39, $3.48 2023/4 FCPS, $441M, $665M, $746M EBITDA, $12.90, $13.70 2023/4 BVPS, $78M, $246M, $332M Net Income.
December 16, 2023.  Last estimates were for 2022, 2023 and 2024 of $4757M, $4986M and $5162M for Revenue, $0.19, $1.47 and $2.78 for AEPS, $0.17, $1.47 and $2.78 for EPS,
$0.80 and $0.88 2022/3 for Dividends, -$335<. $1533M and $316M for FCF, $0.77, $3.60 and $4.13 for CFPS, $13.40 and $14.30 2022/3 for BVPS, and $24M, $183M and $347M for Net Income.
December 17, 2022.  Last estimates were for 2021, 2022 and 2023 of $4583M, $4810M and $4975M for Revenue, $1.26, $1.67 and $2.25 for EPS,
$0.72, $0.76 and $0.76 for Dividends, -$375M, $53.6M and $270M for FCF, $2.80 and $3.70 for 20221/22 for CFPS, and $123M and $168M for 2021/2 for Net Income.
2014. As the result of a series of divestitures culminating with the 2014 sale of the bakery division (Canada Bread Company), Maple Leaf today via its acquisition of Lightlife and Field Roast.
now only produces and sells fresh & packaged meats, as well as plant-based protein products.
2002. In 2002, the company purchased San Francisco-based Grace Baking Company.[9] In 2003, the company purchased rival meat packer  Schneider Foods.
1991.  Maple Leaf Foods is the result of the 1991 merger between Canada Packers and Maple Leaf Mills.
1961.  Maple Leaf Mills was created in 1961 through the amalgamation of the Maple Leaf Milling Company Limited, Toronto Elevators Limited and Purity Flour Mills Limited.
1927.  Canada Packers was founded in 1927 as a merger of several major Toronto meat packers, most prominently
William Davies Company and was immediately Canada's largest food processor, a title it would hold for the next sixty years.
Sector:
Staples, Consumer
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock.
I am doing a report on this stock because it was on the Top 100 Canadian Dividend Stocks by <a href="https://maplemoney.com/canadian-dividend-stocks/" target="_top"> Maple Money </a>.
It also was on the Top 100 Dividend Stocks Money Sense for 2021 gets a solid C Rating from <a href="https://www.moneysense.ca/save/investing/stocks/top-100-dividend-stocks/" target="_top">Money Sense</a>.
Why I bought this stock.
Dividends
Dividends are paid quarterly in Cycle 3 of March, June, September and December.  Dividends are declared in one month for shareholders of record of the following month and the same month.
For example, the dividends declared on February 26, 2020 was for shareholders of record of March 13, 2020 and paid on March 31, 2020.
However, some dividends are declared two months in advance.  For Example the Dividend for September 30, 2020 was declared on July 29, 2020 for shareholders of record of September 7, 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.
Maple Leaf Foods Inc is a producer of food products under leading brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders
Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. Its main markets are Canada, the United States, Japan, and China
Shares; '%, Value $M	Years	Div. Gth	Tot Ret	Cap Gain	Div.	check		Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date	5	14.87%	5.47%	3.50%	1.97%	5.47%			2020	Dec 14	2021	Dec 17	2022	Dec 16	2023			Dec 16	2023
Frank, Curtis Eugene	10	14.87%	11.32%	9.50%	1.83%	11.32%				0.035	0.03%	0.045	0.04%	0.058	0.05%			0.063	0.05%			9.21%
President/COO - Shares - Amount	15	9.68%	5.50%	4.21%	1.28%	5.50%					$0.992		$1.103		$1.453				$1.376
Options - percentage	20	7.18%	8.15%	6.57%	1.58%	8.15%				0.497	0.40%	0.636	0.52%	0.847	0.69%			1.328	1.08%			56.83%
Options - amount	25	4.46%	8.02%	6.30%	1.72%	8.02%					$14.034		$15.562		$21.373				$29.057
	30	1.75%	4.76%	3.23%	1.53%	4.76%
Smales, David Andrew																		0.000	0.00%			#DIV/0!
CFO - Shares - Amount	Years	Div. Gth	Tot Ret	Cap Gain	Div.	check													$0.000
Options - percentage	5	14.87%	2.82%	0.80%	2.02%	2.82%												0.217	0.18%			#DIV/0!
Options - amount	10	16.23%	12.58%	10.45%	2.13%	12.58%													$4.740
	15	10.55%	7.47%	5.92%	1.54%	7.47%
Verellen, Geert	20	7.81%	6.70%	5.25%	1.45%	6.70%		2.100	1.71%	0.000	0.00%	0.000	0.00%	0.012	0.01%						Ceased insider Jan 2024	-100.00%
CFO - Shares - Amount	25	6.20%	6.14%	4.71%	1.43%	6.14%			$54.348		$0.000		$0.000		$0.315
Options - percentage	30	2.15%	2.99%	1.83%	1.16%	2.99%		0.151	0.12%	0.251	0.20%	0.318	0.26%	0.366	0.30%							-100.00%
Options - amount	31	2.08%	4.80%	3.24%	1.55%	4.80%			$3.912		$7.080		$7.780		$9.229
Dubreuil, Stephane	Years	Div. Gth	Tot Ret	Cap Gain	Div.	check								0.014	0.01%			0.017	0.01%			24.98%
Officer - Shares - Amount	5	12.70%	-5.20%	-7.35%	2.15%	-5.20%									$0.344				$0.372
Options - percentage	10	17.46%	10.00%	7.40%	2.59%	10.00%								0.160	0.13%			0.212	0.17%			32.19%
Options - amount	15	11.33%	5.14%	3.38%	1.76%	5.14%									$4.045				$4.636
	20	8.38%	5.80%	4.10%	1.70%	5.80%
Brooks, Bentley Andrew	25	6.65%	3.08%	1.76%	1.31%	3.08%		0.024	0.02%	0.026	0.02%	0.022	0.02%	0.026	0.02%						Ceased insider Oct 2024	-100.00%
Officer - Shares - Amount	30	2.51%	3.12%	1.73%	1.39%	3.12%			$0.611		$0.736		$0.537		$0.651
Options - percentage	32	2.35%	4.29%	2.56%	1.73%	4.29%		0.138	0.11%	0.143	0.12%	0.160	0.13%	0.180	0.15%							-100.00%
Options - amount									$3.582		$4.032		$3.900		$4.538
	Years	Div. Gth	Tot Ret	Cap Gain	Div.	check
Close, Ronald Gordon	5	10.07%	1.12%	-1.58%	2.70%	1.12%		0.008	0.01%	0.008	0.01%	0.008	0.01%	0.008	0.01%			0.008	0.01%			0.00%
Director - Shares - Amount	10	18.04%	6.67%	4.16%	2.51%	6.67%			$0.217		$0.237		$0.205		$0.212				$0.184
Options - percentage	15	11.69%	7.83%	5.65%	2.19%	7.83%		0.027	0.02%	0.035	0.03%	0.043	0.04%	0.053	0.04%			0.062	0.05%			18.02%
Options - amount	20	8.64%	6.34%	4.48%	1.86%	6.34%			$0.696		$0.990		$1.058		$1.330				$1.361
	25	6.86%	3.61%	2.17%	1.43%	3.61%
Aziz, William	30	2.68%	3.75%	2.27%	1.48%	3.75%						0.019	0.02%	0.019	0.02%			0.019	0.02%			0.00%
Director - Shares - Amt	33	2.43%	4.34%	2.58%	1.76%	4.34%							$0.458		$0.487				$0.422
Options - percentage												0.053	0.04%	0.063	0.05%			0.073	0.06%			15.72%
Options - amount													$1.295		$1.587				$1.592
Beattie, William Geoffrey								0.023	0.02%	0.024	0.02%	0.024	0.02%								Ceased insider Jan 2023
Lead Director - Shares - Amt									$0.599		$0.669		$0.595
Options - percentage								0.153	0.12%	0.170	0.14%	0.186	0.15%
Options - amount									$3.969		$4.789		$4.554
McCain, Michael Harrison								48.551	39.49%	48.720	39.55%	48.829	40.13%	48.949	39.95%			48.949	39.67%			0.00%
Chairman and CEO - Shares - Amount									$1,256.491		$1,374.864		$1,193.873		$1,235.468				$1,071.000
Options - percentage								3.976	3.23%	4.136	3.36%	4.154	3.41%	3.994	3.26%			3.810	3.09%			-4.60%
Options - amount									$102.900		$116.718		$101.560		$100.798				$83.362
Increase in O/S Shares								0.798	0.65%	0.250	0.20%	0.950	0.77%	0.584	0.48%			0.658	0.54%
Due to Stock Options									$20.652		$6.470		$26.809		$14.279				$16.608
Book Value									$20.723		$15.024		$1.012		$20.121				$13.079
Insider Buying									$0.013		-$0.594		-$0.836		-$1.869				-$1.978
Insider Selling									$0.000		$4.199		$2.475		$5.807				$0.907
Net Insider Selling									$0.013		$3.605		$1.640		$3.938				-$1.071
Net Selling % of Market Cap									0.00%		0.10%		0.06%		0.13%				-0.04%
Directors										10		10		10				11
Women										3	30%	3	30%	3	30%			3	27%
Minorities										0	0%	0	0%	0	0%			0	0%
Institutions/Holdings										20	18.43%	20	18.79%	20	26.08%			20	22.12%
Total Shares Held										22.860	18.56%	23.235	19.10%	31.944	26.07%			27.297	22.12%
Increase/Decrease 3 Mths										0.421	1.88%	2.911	14.32%	-1.014	-3.08%			0.424	1.58%
Starting No. of Shares										22.439		20.325		32.958				26.873
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