Margins Net margin FCF margin0% 10% 20% FY2008 · Net margin -0.5% FY08 Net margin -0.5% derived: net income ÷ revenue FY2009 · Net margin 17.9% FY09 Net margin 17.9% derived: net income ÷ revenue FY2010 · Net margin 13.0% FY10 Net margin 13.0% derived: net income ÷ revenue FY2011 · Net margin -1.7% FY11 Net margin -1.7% derived: net income ÷ revenue FY2012 · Net margin 16.8% FY12 Net margin 16.8% derived: net income ÷ revenue FY2013 · Net margin 22.3% FY13 Net margin 22.3% derived: net income ÷ revenue FY2014 · Net margin 21.1% FY14 Net margin 21.1% derived: net income ÷ revenue FY2015 · Net margin 17.2% FY15 Net margin 17.2% derived: net income ÷ revenue FY2021 · Net margin 11.6% FY21 Net margin 11.6% derived: net income ÷ revenue FY2022 · Net margin 5.0% FY22 Net margin 5.0% derived: net income ÷ revenue FY2023 · Net margin 17.3% FY23 Net margin 17.3% derived: net income ÷ revenue FY2024 · Net margin 7.9% FY24 Net margin 7.9% derived: net income ÷ revenue FY2025 · Net margin 9.1% FY25 Net margin 9.1% derived: net income ÷ revenue FY25 Net margin 9.1% derived: net income ÷ revenue ’08 ’11 ’14 ’22 ’25 FY2025: net 9.1% of revenue
Cash engine Operating cash flow Free cash flow$0 $2B $4B FY2008 · OCF $663.0M · 0001095073-11-000010 · filed 2011-03-01 FY08 OCF $663.0M 0001095073-11-000010 · filed 2011-03-01 FY2009 · OCF $784.7M · 0001095073-12-000013 · filed 2012-02-29 FY09 OCF $784.7M 0001095073-12-000013 · filed 2012-02-29 FY2010 · OCF $918.5M · 0001095073-13-000015 · filed 2013-03-01 FY10 OCF $918.5M 0001095073-13-000015 · filed 2013-03-01 FY2011 · OCF $659.5M · 0001095073-13-000015 · filed 2013-03-01 FY11 OCF $659.5M 0001095073-13-000015 · filed 2013-03-01 FY2012 · OCF $663.9M · 0001095073-13-000015 · filed 2013-03-01 FY12 OCF $663.9M 0001095073-13-000015 · filed 2013-03-01 FY2013 · OCF $1.10B · 0001095073-16-000071 · filed 2016-02-29 FY13 OCF $1.10B 0001095073-16-000071 · filed 2016-02-29 FY2014 · OCF $1.05B · 0001095073-17-000011 · filed 2017-03-01 FY14 OCF $1.05B 0001095073-17-000011 · filed 2017-03-01 FY2015 · OCF $1.11B · 0001095073-18-000008 · filed 2018-03-01 FY15 OCF $1.11B 0001095073-18-000008 · filed 2018-03-01 FY2016 · OCF $1.38B · 0001095073-19-000011 · filed 2019-03-01 FY16 OCF $1.38B 0001095073-19-000011 · filed 2019-03-01 FY2017 · OCF $1.16B · 0001095073-20-000006 · filed 2020-03-02 FY17 OCF $1.16B 0001095073-20-000006 · filed 2020-03-02 FY2018 · OCF $610.1M · 0001095073-21-000006 · filed 2021-03-01 FY18 OCF $610.1M 0001095073-21-000006 · filed 2021-03-01 FY2019 · OCF $1.85B · 0001095073-22-000005 · filed 2022-02-28 FY19 OCF $1.85B 0001095073-22-000005 · filed 2022-02-28 FY2020 · OCF $2.87B · 0001095073-23-000007 · filed 2023-02-24 FY20 OCF $2.87B 0001095073-23-000007 · filed 2023-02-24 FY2021 · OCF $3.83B · 0001095073-24-000009 · filed 2024-02-28 FY21 OCF $3.83B 0001095073-24-000009 · filed 2024-02-28 FY2022 · OCF $3.69B · 0001095073-25-000015 · filed 2025-02-27 FY22 OCF $3.69B 0001095073-25-000015 · filed 2025-02-27 FY2023 · OCF $4.55B · 0001095073-26-000006 · filed 2026-02-26 FY23 OCF $4.55B 0001095073-26-000006 · filed 2026-02-26 FY2024 · OCF $4.96B · 0001095073-26-000006 · filed 2026-02-26 FY24 OCF $4.96B 0001095073-26-000006 · filed 2026-02-26 FY2025 · OCF $3.07B · 0001095073-26-000006 · filed 2026-02-26 FY25 OCF $3.07B 0001095073-26-000006 · filed 2026-02-26 FY25 OCF $3.07B 0001095073-26-000006 · filed 2026-02-26 ’09 ’13 ’17 ’21 ’25
Returns on capital Return on equity Return on assets0% 10% 20% FY2009 · ROE 13.2% · ROA 4.5% FY09 ROE 13.2% ROA 4.5% derived: net income ÷ equity · derived: net income ÷ assets FY2010 · ROE 9.7% · ROA 3.3% FY10 ROE 9.7% ROA 3.3% derived: net income ÷ equity · derived: net income ÷ assets FY2011 · ROE -1.3% · ROA -0.4% FY11 ROE -1.3% ROA -0.4% derived: net income ÷ equity · derived: net income ÷ assets FY2012 · ROE 12.3% · ROA 4.2% FY12 ROE 12.3% ROA 4.2% derived: net income ÷ equity · derived: net income ÷ assets FY2013 · ROE 18.1% · ROA 6.4% FY13 ROE 18.1% ROA 6.4% derived: net income ÷ equity · derived: net income ÷ assets FY2014 · ROE 16.1% · ROA 5.8% FY14 ROE 16.1% ROA 5.8% derived: net income ÷ equity · derived: net income ÷ assets FY2015 · ROE 12.9% · ROA 4.8% FY15 ROE 12.9% ROA 4.8% derived: net income ÷ equity · derived: net income ÷ assets FY2021 · ROE 13.6% · ROA 3.6% FY21 ROE 13.6% ROA 3.6% derived: net income ÷ equity · derived: net income ÷ assets FY2022 · ROE 7.1% · ROA 1.5% FY22 ROE 7.1% ROA 1.5% derived: net income ÷ equity · derived: net income ÷ assets FY2023 · ROE 19.1% · ROA 5.1% FY23 ROE 19.1% ROA 5.1% derived: net income ÷ equity · derived: net income ÷ assets FY2024 · ROE 9.9% · ROA 2.4% FY24 ROE 9.9% ROA 2.4% derived: net income ÷ equity · derived: net income ÷ assets FY2025 · ROE 10.3% · ROA 2.5% FY25 ROE 10.3% ROA 2.5% derived: net income ÷ equity · derived: net income ÷ assets FY25 ROE 10.3% ROA 2.5% derived: net income ÷ equity · derived: net income ÷ assets ’11 ’14 ’22 ’25 return on equity 13% (FY2009) → 10% (FY2025) · on assets 2.5%
Balance sheet Liabilities Equity$0 $20B $40B $60B FY2009 · Liabilities $11.90B · Equity $6.10B FY09 Liabilities $11.90B Equity $6.10B 0001095073-11-000010 · filed 2011-03-01 FY2010 · Liabilities $12.10B · Equity $6.28B FY10 Liabilities $12.10B Equity $6.28B 0001095073-12-000013 · filed 2012-02-29 FY2011 · Liabilities $12.82B · Equity $6.07B FY11 Liabilities $12.82B Equity $6.07B 0001095073-13-000015 · filed 2013-03-01 FY2012 · Liabilities $13.04B · Equity $6.73B FY12 Liabilities $13.04B Equity $6.73B 0001095073-14-000008 · filed 2014-03-03 FY2013 · Liabilities $12.75B · Equity $6.97B FY13 Liabilities $12.75B Equity $6.97B 0001095073-15-000007 · filed 2015-03-02 FY2014 · Liabilities $12.95B · Equity $7.45B FY14 Liabilities $12.95B Equity $7.45B 0001095073-16-000071 · filed 2016-02-29 FY2015 · Liabilities $12.94B · Equity $7.61B FY15 Liabilities $12.94B Equity $7.61B 0001095073-17-000011 · filed 2017-03-01 FY2016 · Liabilities $13.25B · Equity $8.08B FY16 Liabilities $13.25B Equity $8.08B 0001095073-18-000008 · filed 2018-03-01 FY2017 · Liabilities $15.22B · Equity $8.37B FY17 Liabilities $15.22B Equity $8.37B 0001095073-19-000011 · filed 2019-03-01 FY2018 · Liabilities $16.89B · Equity $7.86B FY18 Liabilities $16.89B Equity $7.86B 0001095073-20-000006 · filed 2020-03-02 FY2019 · Liabilities $18.19B · Equity $9.13B FY19 Liabilities $18.19B Equity $9.13B 0001095073-21-000006 · filed 2021-03-01 FY2020 · Liabilities $22.99B · Equity $9.73B FY20 Liabilities $22.99B Equity $9.73B 0001095073-22-000005 · filed 2022-02-28 FY2021 · Liabilities $28.05B · Equity $10.14B FY21 Liabilities $28.05B Equity $10.14B 0001095073-23-000007 · filed 2023-02-24 FY2022 · Liabilities $31.52B · Equity $8.44B FY22 Liabilities $31.52B Equity $8.44B 0001095073-24-000009 · filed 2024-02-28 FY2023 · Liabilities $36.20B · Equity $13.20B FY23 Liabilities $36.20B Equity $13.20B 0001095073-25-000015 · filed 2025-02-27 FY2024 · Liabilities $42.47B · Equity $13.88B FY24 Liabilities $42.47B Equity $13.88B 0001095073-26-000006 · filed 2026-02-26 FY2025 · Liabilities $47.05B · Equity $15.46B FY25 Liabilities $47.05B Equity $15.46B 0001095073-26-000006 · filed 2026-02-26 FY25 Liabilities $47.05B Equity $15.46B 0001095073-26-000006 · filed 2026-02-26 ’09 ’13 ’17 ’21 ’25
FY2025: $62.51B assets · $47.05B liabilities · $15.46B equity