This report is for educational purposes only, and not to provide investment advice.  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.														Q1 2026	<-Estimates
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/			3/31/26	<-Estimates
Canadian Tire Corp					TSX:	CTC.A	OTC:	CDNAF	https://corp.canadiantire.ca/			Fiscal Yr:	Dec 31
Year	31-Dec-13	31-Dec-14	31-Dec-15	31-Dec-16	31-Dec-17	31-Dec-18	31-Dec-19	31-Dec-20	31-Dec-21	31-Dec-22	31-Dec-23	31-Dec-24	31-Dec-25	31-Dec-26	31-Dec-27	31-Dec-28
Year End Date	28-Dec-13	3-Jan-15	2-Jan-16	31-Dec-16	31-Dec-17	29-Dec-18	28-Dec-19	2-Jan-21	1-Jan-22	31-Dec-22	30-Dec-23	28-Dec-24	1-Jan-26	31-Dec-26	31-Dec-27	31-Dec-28		Value	Description	#Y	Item	Total G
Accounting Rules	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS	IRFS					Accounting Rules
Cost of Sales								$9,794.4	$10,456.9	$11,712.7	$10,952.9	$10,739.1	$10,700.2						<-Total Growth	5	Cost of Sales
Change									6.76%	12.01%	-6.49%	-1.95%	-0.36%					-0.36%	<-Median->	5	Change
Ratio								0.66	0.64	0.66	0.66	0.66	0.66					65.70%	<-Median->	6	Ratio
Selling & Admin								$3,599.3	$3,934.3	$3,502.5	$3,675.7	$3,553.3	$3,470.6						<-Total Growth	5	Selling & Admin
Change									9.31%	-10.98%	4.95%	-3.33%	-2.33%					-2.33%	<-Median->	5	Change
Ratio								0.24	0.24	0.20	0.22	0.22	0.21					21.90%	<-Median->	6	Ratio
Total								$13,393.7	$14,391.2	$15,215.2	$14,628.6	$14,292.4	$14,170.8						<-Total Growth	5	Total
Change									7.45%	5.73%	-3.86%	-2.30%	-0.85%					-0.85%	<-Median->	5	Change
Ratio								0.90	0.88	0.85	0.88	0.87	0.87					87.60%	<-Median->	6	Ratio
														$16,389	<-12 mths	0.45%			Estimates		last 12 months from Qtr.
Revenue*	$11,786	$12,463	$12,280	$12,681	$13,435	$14,059	$14,534	$14,871	$16,292	$17,811	$16,657	$16,358	$16,316	$16,442	$16,863	$17,322		32.87%	<-Total Growth	10	Revenue
Increase	3.14%	5.75%	-1.47%	3.27%	5.95%	4.64%	3.38%	2.32%	9.56%	9.32%	-6.48%	-1.79%	-0.26%	0.78%	2.56%	2.72%		2.88%	<-IRR #YR->	10	Revenue	32.87%
5 year Running Average	$10,253	$11,009	$11,668	$12,127	$12,529	$12,983	$13,398	$13,916	$14,638	$15,513	$16,033	$16,398	$16,687	$16,716	$16,527	$16,660		1.87%	<-IRR #YR->	5	Revenue	9.71%
Revenue per Share	$147.35	$160.92	$165.80	$179.24	$202.06	$223.50	$236.25	$244.56	$270.87	$308.67	$299.46	$294.09	$308.14	$310.53	$318.48	$327.15		3.64%	<-IRR #YR->	10	5 yr Running Average	43.00%
Increase	4.63%	9.21%	3.03%	8.11%	12.73%	10.61%	5.71%	3.52%	10.76%	13.96%	-2.98%	-1.79%	4.78%	0.78%	2.56%	2.72%		3.70%	<-IRR #YR->	5	5 yr Running Average	19.91%
5 year Running Average	$126.49	$137.38	$148.49	$158.83	$171.08	$186.31	$201.37	$217.12	$235.45	$256.77	$271.96	$283.53	$296.25	$304.18	$306.14	$311.68		6.39%	<-IRR #YR->	10	Revenue per Share	85.85%
P/S (Price/Sales) Med	0.57	0.69	0.74	0.67	0.76	0.72	0.61	0.46	0.69	0.54	0.54	0.49	0.51	0.57	0.00	0.00		4.73%	<-IRR #YR->	5	Revenue per Share	26.00%
P/S (Price/Sales) Close	0.68	0.76	0.71	0.78	0.81	0.64	0.59	0.68	0.67	0.46	0.47	0.51	0.56	0.60	0.59	0.57		7.15%	<-IRR #YR->	10	5 yr Running Average	99.51%
*Revenue in M CDN $					P/S Med	20 yr	0.56	15 yr	0.57	10 yr	0.58	5 yr	0.54		4.80%	Diff M/C		6.41%	<-IRR #YR->	5	5 yr Running Average	36.44%
			-$12,280	$0	$0	$0	$0	$0	$0	$0	$0	$0	$16,316
								-$14,871	$0	$0	$0	$0	$16,316
			-$11,668	$0	$0	$0	$0	$0	$0	$0	$0	$0	$16,687
								-$13,916	$0	$0	$0	$0	$16,687
			-$165.80	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$308.14
								-$244.56	$0.00	$0.00	$0.00	$0.00	$308.14
			-$148.49	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$296.25
								-$217.12	$0.00	$0.00	$0.00	$0.00	$296.25
Payout Ratio Adj EPS														50.46%	46.36%				Estimates		Payout Ratio EPS
Per Share														$13.63	<-12 mths	-1.02%			Estimates		Last 12 months from Qtr
Normalized Net Income	$570.0	$632.0	$659.4	$669.1	$735.0	$777.5	$923.30	$904.9	$1,290.8	$1,250.9	$716.1	$787.7	$833.3					26.37%	<-Total Growth	10	Normalized Net Income Less	NCI
Normalized Net Income Net											$585.3	$703.5	$749.9
Return on Equity ROE	11.03%	13.02%	13.20%	13.55%	15.47%	17.81%	20.72%	20.11%	25.19%	22.26%	12.91%	12.80%	14.17%					16.64%	<-Median->	10	Return on Equity ROE
5Yr Median				13.02%	13.20%	13.55%	15.47%	17.81%	20.11%	20.72%	20.72%	20.11%	14.17%					16.64%	<-Median->	10	5Yr Median
											$10.37	$12.62	$13.77
Adjusted EPS	$7.07	$8.01	$8.66	$9.22	$10.67	$11.98	$14.94	$14.86	$21.25	$21.21	$12.74	$12.65	$13.77					59.00%	<-Total Growth	10	Adjusted EPS	same as
Adjusted EPS Diluted	$7.02	$7.94	$8.61	$9.25	$10.70	$11.95	$13.04	$13.00	$18.91	$18.75	$10.37	$12.62	$13.77	$14.26	$15.60	$17.19		59.93%	<-Total Growth	10	Adjusted EPS Diluted
Increase	8.84%	13.11%	8.44%	7.43%	15.68%	11.68%	9.12%	-0.31%	45.46%	-0.85%	-44.69%	21.70%	9.11%	3.56%	9.40%	10.19%		10	0	10	Years of Data, AFFP, P or N	100.00%
Earnings Yield	7.1%	6.5%	7.3%	6.6%	6.5%	8.4%	10.7%	8.9%	11.7%	15.0%	9.1%	8.4%	7.9%	7.6%	8.3%	9.2%		4.81%	<-IRR #YR->	10	Adjusted EPS	$0.59
5 year Running Average	$5.70	$6.45	$7.17	$7.89	$8.73	$9.71	$11.09	$12.33	$14.74	$16.85	$17.00	$16.54	$16.32	$12.07	$7.83	$5.28		1.16%	<-IRR #YR->	5	Adjusted EPS	-7.33%
Payout Ratio	19.80%	23.41%	24.25%	24.95%	24.37%	30.04%	27.78%	30.62%	22.12%	27.82%	54.18%	55.35%	51.56%	50.49%	46.15%	41.88%		8.57%	<-IRR #YR->	10	5 yr Running Average	127.51%
5 year Running Average	18.87%	19.89%	21.40%	22.50%	23.55%	25.70%	26.59%	27.89%	26.59%	27.18%	30.83%	35.13%	38.72%	56.49%	90.42%	135.14%		5.76%	<-IRR #YR->	5	5 yr Running Average	32.33%
Price/AEPS Median	11.96	14.02	14.27	13.00	14.28	13.43	11.04	8.64	9.93	8.91	15.52	11.48	11.36	12.48	0.00	0.00		11.42	<-Median->	10	Price/AEPS Median
Price/AEPS High	14.33	16.25	15.89	14.79	15.62	15.26	12.00	11.65	11.26	10.34	18.13	12.84	12.54	13.22	0.00	0.00		12.69	<-Median->	10	Price/AEPS High
Price/AEPS Low	9.58	11.80	12.65	11.21	12.93	11.59	10.08	5.63	8.61	7.49	12.90	10.12	10.17	11.75	0.00	0.00		10.15	<-Median->	10	Price/AEPS Low
Price/AEPS Close	14.17	15.46	13.72	15.06	15.32	11.94	10.73	12.87	9.56	7.55	13.57	11.98	12.63	13.13	12.00	10.89		12.31	<-Median->	10	Price/AEPS Close
Trailing P/AEPS Close	15.42	17.48	14.88	16.18	17.72	13.34	11.71	12.83	13.91	7.48	7.51	14.58	13.78	13.60	13.13	12.00		13.56	<-Median->	10	Trailing P/AEPS Close
Median Values	Historical	in order	11.95	14.56	10.15	13.50	P/AEPS	5 Yrs	in order	11.36	12.54	10.12	11.98		15.65%	Diff M/C
* Adjusted Net Income/Adjusted EPS TD Waterhouse									E/P	10 Yrs	8.64%	5Yrs	9.05%
			-$8.61	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$13.77
								-$13.00	$0.00	$0.00	$0.00	$0.00	$13.77
			-$7.17	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$16.32
								-$12.33	$0.00	$0.00	$0.00	$0.00	$16.32
														$9.46	<-12 mths	-2.17%			Estimates		Last 12 months from Qtr
Difference Basic and Diluted	0.72%	0.78%	0.58%	0.32%	0.28%	0.28%	0.16%	0.32%	0.97%	0.56%	0.26%	0.25%	0.31%					0.00	<-Median->	10	Difference Basic and Diluted
EPS Basic	$6.96	$7.65	$8.66	$9.25	$10.70	$10.67	$12.60	$12.35	$18.56	$17.70	$3.79	$15.96	$9.70					12.01%	<-Total Growth	10	EPS Basic
EPS Diluted*	$6.91	$7.59	$8.61	$9.22	$10.67	$10.64	$12.58	$12.31	$18.38	$17.60	$3.78	$15.92	$9.67	$12.78	$13.94	$15.03		12.31%	<-Total Growth	10	EPS Diluted
Change	13.28%	9.84%	13.44%	7.08%	15.73%	-0.28%	18.23%	-2.15%	49.31%	-4.24%	-78.52%	321.16%	-39.26%	32.16%	9.08%	7.82%		10	0	10	Years of Data, EPS P or N	100.00%
Earnings Yield	6.9%	6.2%	7.3%	6.6%	6.5%	7.5%	9.0%	7.4%	10.2%	12.4%	2.7%	10.5%	5.6%	6.8%	7.4%	8.0%		1.17%	<-IRR #YR->	10	Earnings per Share	12.31%
5 year Running Average	$5.68	$6.37	$6.98	$7.69	$8.60	$9.35	$10.34	$11.08	$12.92	$14.30	$12.93	$13.60	$13.07	$11.95	$11.22	$13.47		-4.71%	<-IRR #YR->	5	Earnings per Share	-21.45%
10 year Running Average	$4.99	$5.40	$5.86	$6.35	$6.91	$7.51	$8.36	$9.03	$10.30	$11.45	$11.14	$11.97	$12.08	$12.43	$12.76	$13.20		6.47%	<-IRR #YR->	10	5 yr Running Average	87.14%
* ESP per share (Cdn GAAP) (Adjusted earnings strip out non-operatinl items and used to determine dividends.)									E/P	10 Yrs	7.41%	5Yrs	10.16%					3.35%	<-IRR #YR->	5	5 yr Running Average	17.92%
			-$8.61	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$9.67
								-$12.31	$0.00	$0.00	$0.00	$0.00	$9.67
			-$6.98	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$13.07
								-$11.08	$0.00	$0.00	$0.00	$0.00	$13.07
Dividend*														$7.20	$7.23	$7.23			Estimates		Dividend*
Increase														1.34%	0.51%	-0.10%			Estimates		Increase
Payout Ratio EPS														56.30%	51.88%	48.07%			Estimates		Payout Ratio EPS
Special Dividends	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends
Dividend*	$1.40	$1.88	$2.10	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$7.10	$7.20	$7.20	$7.20		238.10%	<-Total Growth	10	Dividends
Increase	16.67%	33.93%	12.00%	9.52%	13.04%	38.46%	15.28%	9.64%	3.30%	25.53%	16.95%	1.45%	1.43%	1.41%	0.00%	0.00%		23	0	37	Years of data	Count P, N
Average Increases 5 Year Running	11.34%	18.13%	20.53%	16.24%	17.03%	21.39%	17.66%	17.19%	15.94%	18.44%	14.14%	11.37%	9.73%	9.35%	4.25%	0.86%		16.64%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$1.08	$1.28	$1.54	$1.78	$2.06	$2.50	$2.95	$3.44	$3.92	$4.58	$5.24	$5.81	$6.32	$6.82	$7.08	$7.14		368.00%	<-Median->	10	Dividends 5 Yr Running
Yield H/L Price	1.67%	1.68%	1.71%	1.91%	1.70%	2.24%	2.88%	4.05%	2.50%	3.53%	4.29%	4.83%	4.54%	4.04%				3.21%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	1.39%	1.45%	1.53%	1.68%	1.56%	1.97%	2.65%	3.00%	2.21%	3.04%	3.67%	4.32%	4.11%	3.82%				2.83%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	2.08%	2.00%	1.93%	2.22%	1.88%	2.60%	3.16%	6.22%	2.89%	4.20%	5.16%	5.48%	5.07%	4.30%				3.68%	<-Median->	10	Yield on Low Price	AEPS
Yield on Close Price	1.41%	1.53%	1.78%	1.65%	1.59%	2.52%	2.97%	2.72%	2.60%	4.17%	4.90%	4.63%	4.08%	3.84%	3.84%	3.84%		2.84%	<-Median->	10	Yield on Close Price	CFPS
Payout Ratio EPS	20.26%	24.70%	24.39%	24.95%	24.37%	33.83%	32.99%	36.96%	25.57%	33.52%	182.54%	43.97%	73.42%	56.34%	51.65%	47.90%		33.68%	<-Median->	10	Payout Ratio EPS	FCF
DPR EPS 5 Yr Running	18.96%	20.13%	21.98%	23.09%	23.90%	26.70%	28.52%	31.04%	30.35%	32.02%	40.53%	42.73%	48.36%	57.07%	63.11%	53.01%		30.69%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	12.54%	25.26%	15.89%	16.50%	17.77%	28.05%	23.47%	11.33%	15.58%	60.15%	28.35%	18.87%	39.48%	23.67%	#DIV/0!	#DIV/0!		21.17%	<-Median->	10	Payout Ratio CFPS
DPR CF 5 Yr Running	9.80%	11.22%	13.18%	16.16%	17.02%	20.11%	20.40%	17.33%	16.97%	20.69%	21.45%	20.52%	26.47%	28.50%	#DIV/0!	#DIV/0!		20.25%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	9.35%	10.58%	34.63%	10.63%	10.20%	13.52%	12.27%	12.82%	10.82%	13.30%	18.44%	18.46%	19.52%	23.67%	#DIV/0!	#DIV/0!		13.06%	<-Median->	10	Payout Ratio CFPS WC
DPR CF WC 5 Yr Running	7.84%	8.24%	10.40%	11.34%	11.96%	12.79%	12.98%	12.02%	11.89%	12.46%	13.47%	14.62%	15.84%	18.28%	#DIV/0!	#DIV/0!		12.63%	<-Median->	10	DPR CF WC 5 Yr Running
Median Valus	10 Yr Med	10 Yr Cl	3.21%	2.84%	5 Yr Med	5 Yr Cl	4.29%	4.17%	5 Yr Med	Payout	43.97%	28.35%	18.44%					9.31%	<-IRR #YR->	5	Dividends	56.04%
* Dividends per share	10 Yr Med	and Cur.	19.91%	35.27%	5 Yr Med	and Cur.	-10.34%	-7.79%	Last Div Inc --->		$1.775	$1.800	1.41%					12.95%	<-IRR #YR->	10	Dividends	238.10%
Dividends Growth 15																		15.29%	<-IRR #YR->	15	Dividends	745.24%
Dividends Growth 20																		13.34%	<-IRR #YR->	20	Dividends	1124.14%
Dividends Growth 25																		12.19%	<-IRR #YR->	25	Dividends	1675.00%
Dividends Growth 30																		10.06%	<-IRR #YR->	30	Dividends	1675.00%
Dividends Growth 35																		8.72%	<-IRR #YR->	35	Dividends
Dividends Growth 40																		9.59%	<-IRR #YR->	37	Dividends
Dividends Growth 5								-$4.55	$0.00	$0.00	$0.00	$0.00	$7.10								Dividends Growth 5
Dividends Growth 10			-$2.10	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.10								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	$7.10								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	$7.10								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	$7.10								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	$7.10								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	$7.10								Dividends Growth 35
Dividends Growth 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	$7.10								Dividends Growth 40
Historical Dividends	Historical	High Div	5.08%	Low Div	0.88%	10 Yr High	6.15%	10 Yr Low	1.57%	Med Div	1.71%	Close Div	1.66%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-24.32%		336.90%	Exp.	-37.48%		144.89%	Cheap	124.84%	Cheap	131.56%								High/Ave/Median
Future Dividend Yield					Div Yd	6.00%	earning in	5	Years	at IRR of	9.31%	Div Inc.	56.04%								Future Dividend Yield
Future Dividend Yield					Div Yd	9.36%	earning in	10	Years	at IRR of	9.31%	Div Inc.	143.50%								Future Dividend Yield
Future Dividend Yield					Div Yd	14.61%	earning in	15	Years	at IRR of	9.31%	Div Inc.	279.96%								Future Dividend Yield
Future Dividend Paid					Div Paid	$11.24	earning in	5	Years	at IRR of	9.31%	Div Inc.	56.04%								Future Dividend Paid
Future Dividend Paid					Div Paid	$17.53	earning in	10	Years	at IRR of	9.31%	Div Inc.	143.50%								Future Dividend Paid
Future Dividend Paid					Div Paid	$27.36	earning in	15	Years	at IRR of	9.31%	Div Inc.	279.96%								Future Dividend Paid
Dividend Covering Cost					Total Div	$43.35	over	5	Years	at IRR of	9.31%	Div Cov.	23.15%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$99.77	over	10	Years	at IRR of	9.31%	Div Cov.	53.28%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$187.81	over	15	Years	at IRR of	9.31%	Div Cov.	100.29%								Dividend Covering Cost
I am earning GC					Div Gr	1700.00%	02/11/00	# yrs ->	44387	2000	$22.32	Cap Gain	739.02%								I am earning GC
I am earning Div					org yield	1.79%	12/31/14	Pension	Div G Yrly	21.41%	Div start	$0.40	-1.79%	32.26%							I am earning Div
I am earning GC					Div Gr	757.14%	6/5/09	# yrs ->	44013	2009	$51.76	Cap Gain	261.80%								I am earning GC	Item
I am earning Div					org yield	1.62%	12/31/14	Trading	Div G Yrly	47.01%	Div start	$0.84	-1.62%	13.91%							I am earning Div	Revenue Growth
																						AEPS Growth
Yield if held 5 years	2.54%	3.91%	3.48%	3.81%	3.83%	4.29%	3.73%	3.70%	3.91%	3.86%	4.30%	4.86%	6.32%	3.83%	4.31%	4.47%		3.89%	<-Median->	10	Paid Median Price	Net Income Growth
Yield if held 10 years	3.96%	3.90%	3.20%	3.37%	3.34%	6.54%	8.66%	7.54%	7.78%	8.70%	8.22%	6.29%	5.78%	5.99%	4.71%	4.49%		7.04%	<-Median->	10	Paid Median Price	Cash Flow Growth
Yield if held 15 years	3.78%	4.78%	8.07%	9.77%	9.11%	10.19%	8.63%	6.93%	6.89%	7.57%	12.54%	14.62%	11.77%	11.92%	10.62%	8.58%		9.44%	<-Median->	10	Paid Median Price	CF Growth excl WC
Yield if held 20 years	9.18%	13.57%	14.73%	12.27%	9.81%	9.73%	10.57%	17.48%	19.96%	20.68%	19.53%	14.55%	10.82%	10.56%	9.24%	13.08%		13.41%	<-Median->	10	Paid Median Price	Dividend Growth
Yield if held 25 years	9.03%	8.69%	9.66%	9.63%	14.65%	23.60%	30.04%	31.92%	25.07%	22.26%	18.65%	17.83%	27.28%	30.57%	25.24%	20.38%		22.93%	<-Median->	10	Paid Median Price	Stock Price Growth
Yield if held 30 years						23.23%	19.24%	20.92%	19.69%	33.24%	45.23%	50.67%	49.81%	38.40%	27.17%	19.46%		28.23%	<-Median->	8	Paid Median Price
Yield if held 35 years												32.46%	32.64%	30.16%	40.56%	47.20%		32.55%	<-Median->	2	Paid Median Price	Revenue Growth
																						AEPS Growth
Cost covered if held 5 years	9.77%	13.39%	12.73%	14.69%	15.15%	14.86%	13.25%	14.00%	16.30%	14.99%	16.33%	20.18%	28.14%	18.16%	21.18%	22.19%		15.07%	<-Median->	10	Paid Median Price	Net Income Growth
Cost covered if held 10 years	24.62%	20.95%	17.67%	19.41%	19.37%	32.44%	44.19%	41.25%	47.14%	48.92%	46.08%	39.34%	39.72%	44.66%	38.16%	38.58%		40.48%	<-Median->	10	Paid Median Price	Cash Flow Growth
Cost covered if held 15 years	28.92%	31.02%	53.31%	66.99%	63.01%	59.93%	51.61%	43.88%	48.15%	48.77%	80.04%	104.84%	93.64%	103.60%	101.13%	88.62%		61.47%	<-Median->	10	Paid Median Price	CF Growth excl WC
Cost covered if held 20 years	83.25%	102.61%	111.36%	94.80%	75.38%	62.64%	68.60%	119.40%	150.21%	143.30%	134.09%	112.01%	92.04%	98.16%	94.20%	144.90%		103.40%	<-Median->	10	Paid Median Price	Dividend Growth
Cost covered if held 25 years	94.06%	74.91%	82.18%	82.83%	123.80%	165.03%	209.37%	232.02%	199.33%	161.79%	133.45%	142.61%	240.83%	295.01%	267.40%	235.14%		163.41%	<-Median->	10	Paid Median Price	Stock Price Growth
Cost covered if held 30years						174.55%	143.31%	161.26%	164.92%	252.82%	336.77%	419.65%	453.70%	381.20%	295.38%	229.93%		213.68%	<-Median->	8	Paid Median Price
Cost covered if held 35 years												278.02%	306.55%	307.75%	452.25%	570.80%		292.29%	<-Median->	2	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$14,871.0	$16,292.1	$17,810.6	$16,656.5	$16,357.8	$16,315.5	$16,389	<-12 mths	0.45%		9.71%	<-Total Growth	5	Revenue Growth	9.71%
AEPS Growth								$13.00	$18.91	$18.75	$10.37	$12.62	$13.77	$13.63	<-12 mths	-1.02%		5.92%	<-Total Growth	5	AEPS Growth	5.92%
Net Income Growth								$751.8	$1,127.6	$1,044.1	$213.3	$887.7	$526.3	$515	<-12 mths	-2.17%		-29.99%	<-Total Growth	5	Net Income Growth	-29.99%
Cash Flow Growth								$2,442.8	$1,814.4	$566.0	$1,353.7	$2,063.8	$952.1					-61.02%	<-Total Growth	5	Cash Flow Growth	-61.02%
CF Growth excl WC								$2,158.7	$2,612.6	$2,560.1	$2,081.3	$2,109.1	$1,926.0					-10.78%	<-Total Growth	5	CF Growth excl WC	-10.78%
Dividend Growth								$4.55	$4.70	$5.90	$6.90	$7.00	$7.10	$7.20	<-12 mths	1.41%		56.04%	<-Total Growth	5	Dividend Growth	56.04%
Stock Price Growth								$167.33	$180.85	$141.50	$140.72	$151.22	$173.94	$187.27	<-12 mths	7.66%		3.95%	<-Total Growth	5	Stock Price Growth	3.95%
Revenue Growth			$12,279.6	$12,681.0	$13,434.9	$14,058.7	$14,534.4	$14,871.0	$16,292.1	$17,810.6	$16,656.5	$16,357.8	$16,315.5	$16,442	<-this year	0.78%		32.87%	<-Total Growth	10	Revenue Growth	32.87%
AEPS Growth			$8.61	$9.25	$10.70	$11.95	$13.04	$13.00	$18.91	$18.75	$10.37	$12.62	$13.77	$14.26	<-this year	3.56%		59.93%	<-Total Growth	10	AEPS Growth	59.93%
Net Income Growth			$659.4	$669.1	$735.0	$692.1	$778.4	$751.8	$1,127.6	$1,044.1	$213.3	$887.7	$526.3	$703	<-this year	33.57%		-20.19%	<-Total Growth	10	Net Income Growth	-20.19%
Cash Flow Growth			$978.9	$986.4	$972.8	$807.4	$1,087.6	$2,442.8	$1,814.4	$566.0	$1,353.7	$2,063.8	$952.1	$1,611	<-this year	69.17%		-2.74%	<-Total Growth	10	Cash Flow Growth	-2.74%
CF Growth excl WC			$449.1	$1,531.1	$1,694.2	$1,674.3	$2,081.4	$2,158.7	$2,612.6	$2,560.1	$2,081.3	$2,109.1	$1,926.0	$1,611	<-this year	-16.37%		328.86%	<-Total Growth	10	CF Growth excl WC	328.86%
Dividend Growth			$2.10	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$7.10	$7.20	<-this year	1.34%		238.10%	<-Total Growth	10	Dividend Growth	238.10%
Stock Price Growth			$118.16	$139.27	$163.90	$142.74	$139.95	$167.33	$180.85	$141.50	$140.72	$151.22	$173.94	$191.45	<-this year	10.07%		47.21%	<-Total Growth	10	Stock Price Growth	47.21%
Dividends on Shares				$20.70	$23.40	$32.40	$37.35	$40.95	$42.30	$53.10	$62.10	$63.00	$63.90	$64.80	$64.80	$64.80		$439.20	No of Years	10	Total Dividends	1/2/16
Paid			$1,063.44	$1,253.43	$1,475.10	$1,284.66	$1,259.55	$1,505.97	$1,627.65	$1,273.50	$1,266.48	$1,360.98	$1,565.46	$1,685.43	$1,685.43	$1,685.43		$1,565.46	No of Years	10	Worth	$118.16
Total																		$2,004.66			Total
Graham No. AEPS	$101.02	$105.83	$114.30	$120.53	$131.15	$136.61	$145.78	$147.11	$190.38	$202.68	$152.56	$177.26	$185.50	$188.77	$197.44	$207.26		62.30%	<-Total Growth	10	Graham Price AEPS
Price/GP Ratio Med	0.83	1.05	1.08	1.00	1.16	1.17	0.99	0.76	0.99	0.82	1.05	0.82	0.84	0.94				0.99	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.00	1.22	1.20	1.14	1.27	1.34	1.07	1.03	1.12	0.96	1.23	0.91	0.93	1.00				1.10	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.67	0.89	0.95	0.86	1.06	1.01	0.90	0.50	0.85	0.69	0.88	0.72	0.75	0.89				0.86	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	0.98	1.16	1.03	1.16	1.25	1.04	0.96	1.14	0.95	0.70	0.92	0.85	0.94	0.99	0.95	0.90		0.95	<-Median->	10	Price/GP Ratio
Prem/Disc Close	-1.51%	15.98%	3.38%	15.54%	24.97%	4.48%	-4.00%	13.74%	-5.01%	-30.19%	-7.76%	-14.69%	-6.23%	-0.80%	-5.15%	-9.64%		-4.50%	<-Median->	10	Graham Price
Graham No. EPS	$100.22	$103.47	$114.30	$120.34	$130.97	$128.91	$143.18	$143.15	$187.69	$196.37	$92.11	$199.09	$155.45	$178.71	$186.64	$193.80		36.01%	<-Total Growth	10	Graham Price EPS
Price/GP Ratio Med	0.84	1.08	1.08	1.00	1.17	1.24	1.01	0.78	1.00	0.85	1.75	0.73	1.01	1.00				1.00	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.00	1.25	1.20	1.14	1.28	1.41	1.09	1.06	1.13	0.99	2.04	0.81	1.11	1.05				1.12	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.67	0.91	0.95	0.86	1.06	1.07	0.92	0.51	0.87	0.71	1.45	0.64	0.90	0.94				0.88	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	0.99	1.19	1.03	1.16	1.25	1.11	0.98	1.17	0.96	0.72	1.53	0.76	1.12	1.05	1.00	0.97		1.11	<-Median->	10	Price/GP Ratio
Prem/Disc Close	-0.73%	18.62%	3.38%	15.73%	25.15%	10.73%	-2.26%	16.89%	-3.65%	-27.94%	52.78%	-24.05%	11.89%	4.79%	0.34%	-3.37%		11.31%	<-Median->	10	Graham Price
Date	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	Dec-27	Dec-28		37.00	<Count Years>		Month, Year
Price Close	$99.49	$122.74	$118.16	$139.27	$163.90	$142.74	$139.95	$167.33	$180.85	$141.50	$140.72	$151.22	$173.94	$187.27	$187.27	$187.27		47.21%	<-Total Growth	10	Stock Price
Increase	43.40%	23.37%	-3.73%	17.87%	17.69%	-12.91%	-1.95%	19.56%	8.08%	8.08%	-0.55%	7.46%	15.02%	7.66%	0.00%	0.00%		13.30	<-Median->	10	CAPE (10 Yr P/E)
P/E	14.40	16.17	13.72	15.11	15.36	13.42	11.12	13.59	9.84	9.84	37.23	9.50	17.99	14.65	13.43	12.46		0.78%	<-IRR #YR->	5	Stock Price	3.95%
Trailing P/E	16.31	17.76	15.57	16.18	17.78	13.38	13.15	13.30	14.69	14.69	8.00	40.01	10.93	19.37	14.65	13.43		3.94%	<-IRR #YR->	10	Stock Price	47.21%
CAPE (10 Yr P/E)	13.52	13.73	13.48	13.51	13.73	13.94	13.52	13.60	13.05	13.05	13.08	12.41	12.76	12.78	12.64	12.56		4.47%	<-IRR #YR->	5	Price & Dividend	25.55%
Median 10, 5 Yrs		D.  per yr	3.29%	3.69%	% Tot Ret	45.46%	82.59%	T P/E	$14.03	$14.69	P/E:	$13.50	$9.84					7.23%	<-IRR #YR->	10	Price & Dividend	90.28%
Price 15		D.  per yr	3.04%		% Tot Ret	32.06%						CAPE Diff	10.19%					6.44%	<-IRR #YR->	15	Stock Price	155.08%
Price  20		D.  per yr	2.24%		% Tot Ret	32.35%												4.69%	<-IRR #YR->	20	Stock Price	150.13%
Price  25		D.  per yr	2.95%		% Tot Ret	23.97%												9.35%	<-IRR #YR->	25	Stock Price	835.16%
Price  30		D.  per yr	2.62%		% Tot Ret	23.53%												8.51%	<-IRR #YR->	30	Stock Price	1059.60%
Price  35		D.  per yr	1.84%		% Tot Ret	24.02%												5.82%	<-IRR #YR->	35	Stock Price
Price  40		D.  per yr	2.02%		% Tot Ret	23.67%												6.51%	<-IRR #YR->	37	Stock Price
Price & Dividend 15																		9.48%	<-IRR #YR->	15	Price & Dividend	239.13%
Price & Dividend 20																		6.93%	<-IRR #YR->	20	Price & Dividend	237.81%
Price & Dividend 25																		12.30%	<-IRR #YR->	25	Price & Dividend	1174.27%
Price & Dividend 30																		11.13%	<-IRR #YR->	30	Price & Dividend	1493.43%
Price & Dividend 35																		7.66%	<-IRR #YR->	35	Price & Dividend
Price & Dividend 40																		8.53%	<-IRR #YR->	37	Price & Dividend
Price  5								-$167.33	$0.00	$0.00	$0.00	$0.00	$173.94								Price  5
Price 10			-$118.16	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$173.94								Price 10
Price & Dividend 5								-$167.33	$4.70	$5.90	$6.90	$7.00	$181.04								Price & Dividend 5
Price & Dividend 10			-$118.16	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$181.04								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	$173.94								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	$173.94								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	$173.94								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	$173.94								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	$173.94								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	$173.94								Price  40
Price & Dividend 15	$1.40	$1.88	$2.10	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$181.04								Price & Dividend 15
Price & Dividend 20	$1.40	$1.88	$2.10	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$181.04								Price & Dividend 20
Price & Dividend 25	$1.40	$1.88	$2.10	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$181.04								Price & Dividend 25
Price & Dividend 30	$1.40	$1.88	$2.10	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$181.04								Price & Dividend 30
Price & Dividend 35	$1.40	$1.88	$2.10	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$181.04								Price & Dividend 35
Price & Dividend 40	$1.40	$1.88	$2.10	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$181.04								Price & Dividend 40
Price H/L Med.	$83.93	$111.35	$122.87	$120.24	$152.78	$160.46	$143.99	$112.29	$187.80	$167.13	$160.91	$144.93	$156.37	$178.00				27.26%	<-Total Growth	10	Stock Price
Increase	23.76%	32.68%	10.35%	-2.14%	27.06%	5.02%	-10.26%	-22.01%	67.25%	-11.01%	-3.72%	-9.93%	7.89%	13.83%				2.44%	<-IRR #YR->	10	Stock Price
P/E	12.15	14.67	14.27	13.04	14.32	15.08	11.45	9.12	10.22	9.50	42.57	9.10	16.17	13.93				6.85%	<-IRR #YR->	5	Stock Price
Trailing P/E	13.76	16.11	16.19	13.97	16.57	15.04	13.53	8.93	15.26	9.09	9.14	38.34	9.82	18.41				5.84%	<-IRR #YR->	10	Price & Dividend
P/E on Running 5 yr Average	14.79	17.47	17.59	15.64	17.77	17.17	13.92	10.13	14.54	11.69	12.44	10.66	11.96	14.90				11.72%	<-IRR #YR->	5	Price & Dividend
P/E on Running 10 yr Average	16.82	20.63	20.97	18.93	22.12	21.36	17.23	12.43	18.23	14.60	14.45	12.11	12.95	14.32				13.06	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	3.40%	4.88%	% Tot Ret	58.18%	41.59%	T P/E	13.75	9.82	P/E:	12.24	10.22						Count	37	Years of data
			-$122.87	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$156.37
								-$112.29	$0.00	$0.00	$0.00	$0.00	$156.37
			-$122.87	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$163.47
								-$112.29	$4.70	$5.90	$6.90	$7.00	$163.47
High Months	Sep	Dec	Jun	Jun	May	Aug	Nov	Feb	May	Mar	Jul	Sep	Jul	Feb
Price High	$100.61	$128.99	$136.81	$136.81	$167.17	$182.40	$156.50	$151.44	$212.84	$193.87	$188.05	$162.09	$172.74	$188.48				26.26%	<-Total Growth	10	Stock Price
Increase	37.82%	28.21%	6.06%	0.00%	22.19%	9.11%	-14.20%	-3.23%	40.54%	-8.91%	-3.00%	-13.80%	6.57%	9.11%				2.36%	<-IRR #YR->	10	Stock Price
P/E	14.56	16.99	15.89	14.84	15.67	17.14	12.44	12.30	11.58	11.02	49.75	10.18	17.86	14.75				2.67%	<-IRR #YR->	5	Stock Price
Trailing P/E	16.49	18.67	18.03	15.89	18.13	17.09	14.71	12.04	17.29	10.55	10.68	42.88	10.85	19.49				14.84	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	15.30	10.85	P/E:	13.64	11.58					17.87	P/E Ratio		Historical High
			-$136.81	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$172.74
								-$151.44	$0.00	$0.00	$0.00	$0.00	$172.74
Low Months	Jan	Feb	Nov	Jan	Jan	Dec	Aug	Mar	Mar	Dec	Oct	Apr	Feb	Jan
Price Low	$67.24	$93.71	$108.93	$103.67	$138.39	$138.5	$131.5	$73.1	$162.76	$140.39	$133.76	$127.77	$140.00	$167.52				28.52%	<-Total Growth	10	Stock Price
Increase	7.38%	39.37%	16.24%	-4.83%	33.49%	0.09%	-5.08%	-44.37%	122.53%	-13.74%	-4.72%	-4.48%	9.57%	19.66%				2.54%	<-IRR #YR->	10	Stock Price
P/E	9.73	12.35	12.65	11.24	12.97	13.02	10.45	5.94	8.86	7.98	35.39	8.03	14.48	13.11				13.87%	<-IRR #YR->	5	Stock Price
Trailing P/E	11.02	13.56	14.35	12.04	15.01	12.98	12.36	5.81	13.22	7.64	7.60	33.80	8.79	17.32				10.45	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	12.20	8.79	P/E:	10.85	8.86					8.54	P/E Ratio		Historical Low
			-$108.93	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$140.00
								-$73.14	$0.00	$0.00	$0.00	$0.00	$140.00
Premium for Voting S.	$24.91	$127.26	$81.84	$57.63	$67.21	$68.36	$36.30	$40.67	$161.38	$108.49	$119.28	$46.33	$46.06	$28.73	$28.73	$28.73		$62.42	<-Median->	10	Premium Versus Cl A
As percent of CTC.A	25.04%	103.68%	69.26%	41.38%	41.01%	47.89%	25.94%	24.31%	89.23%	76.67%	84.76%	30.64%	26.48%	15.34%	15.34%	15.34%		41.19%	<-Median->	10	Premium Versus Cl A
Date	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	Dec-27	Dec-28		126.00	<Count Years>		Month, Year
Price Close Common	$124.40	$250.00	$200.00	$196.90	$231.11	$211.10	$176.25	$208.00	$342.23	$249.99	$260.00	$197.55	$220.00	$216.00	$216.00	$216.00		10.00%	<-Total Growth	10	Stock Price	Used to be
Increase	53.58%	100.96%	-20.00%	-1.55%	17.37%	-8.66%	-16.51%	18.01%	64.53%	-26.95%	4.00%	-24.02%	11.36%	-1.82%	0.00%	0.00%		0.96%	<-IRR #YR->	10	Stock Price	Class C
P/E	18.00	32.94	23.23	21.36	21.66	19.84	14.01	16.90	18.62	14.20	68.78	12.41	22.75	16.90	15.49	14.37		1.13%	<-IRR #YR->	5	Stock Price
Trailing P/E	20.39	36.18	26.35	22.87	25.07	19.78	16.56	16.53	27.80	13.60	14.77	52.26	13.82	22.34	16.90	15.49		3.23%	<-IRR #YR->	10	Price & Dividend
Median 10, 5 Yrs		D.  per yr	2.27%	2.95%	% Tot Ret	70.32%	261.58%	T P/E	18.17	14.77	P/E:	19.23	18.62					4.08%	<-IRR #YR->	5	Price & Dividend
			-$200.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$220.00
								-$208.00	$0.00	$0.00	$0.00	$0.00	$220.00
			-$200.00	$2.30	$2.60	$3.60	$4.15	$4.55	$4.70	$5.90	$6.90	$7.00	$227.10
								-$208.00	$4.70	$5.90	$6.90	$7.00	$227.10
Free Cash Flow Market Watch			$463.0	$369.1	$501.8	$390.6	$652.4	$2,140	$1,180	-$146								-100.00%	<-Total Growth	7	Free Cash Flow	Mrkt Screen
Change				-20.28%	35.95%	-22.16%	67.03%	228.02%	-44.86%	-112.37%								-$0.20	<-Median->	7	Change	Diffs from
Free Cash Flow Mkt Sc								$2,006.0	$1,036.0	-$268.6	$685.1	$1,427.0	$523.0	$553.0
Change									-48.35%	-125.93%	355.06%	108.29%	-63.35%	5.74%
Free Cash Flow MS, old				$206	$304	$261	$474	$2,006	$1,036	-$269	$685
Change					47.57%	-14.14%	81.61%	323.21%	-48.35%	-125.97%	354.65%
Free Cash Flow MS,	$383	-$114	$368	$70	$70	$800	$850	$1,260	$1,280	$960	$870	$1,060	$670	$553				82.07%	<-Total Growth	10	Free Cash Flow
Change	-16.01%	-129.77%	422.81%	-80.98%	0.00%	1042.86%	6.25%	48.24%	1.59%	-25.00%	-9.38%	21.84%	-36.79%	-17.46%				-11.87%	<-IRR #YR->	5	Free Cash Flow MS	-46.83%
FCF/CF from Op Ratio	0.43	-0.20	0.38	0.07	0.07	0.99	0.78	0.52	0.71	1.70	0.64	0.51	0.70	0.34				6.18%	<-IRR #YR->	10	Free Cash Flow MS	82.07%
Dividends paid	$112.0	$145.2	$152.0	$158.0	$170.0	$222.0	$242.5	$262.9	$271.1	$325.8	$360.8	$359.8	$361.7	$381.2				137.96%	<-Total Growth	10	Dividends paid
Percentage paid			41.30%	225.71%	242.86%	27.75%	28.53%	20.87%	21.18%	33.94%	41.47%	33.94%	53.99%	68.94%				$0.34	<-Median->	10	Percentage paid
5 Year Coverage							43.77%	34.60%	27.43%	25.71%	28.03%	29.10%	34.69%	43.50%							5 Year Coverage
Dividend Coverage Ratio			2.42	0.44	0.41	3.60	3.51	4.79	4.72	2.95	2.41	2.95	1.85	1.45				2.95	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage						1.41	2.28	2.89	3.65	3.89	3.57	3.44	2.88	2.30							5 Year of Coverage
								-$1,260	$0	$0	$0	$0	$670
			-$368	$0	$0	$0	$0	$0	$0	$0	$0	$0	$670
Free Cash Flow WSJ			$463	$369	$502	$391	$652	$2,136	$1,184	-$146	$773	$1,496	$370	$553				-20.09%	<-Total Growth	10	Free Cash Flow WSJ
Change				-20.30%	36.04%	-22.11%	66.75%	227.61%	-44.57%	-112.33%	629.45%	93.53%	-75.27%	49.46%				-29.58%	<-IRR #YR->	5	Free Cash Flow WSJ
FCF/CF from Op Ratio			0.47	0.37	0.52	0.48	0.60	0.87	0.65	-0.26	0.57	0.72	0.39	0.34				-2.22%	<-IRR #YR->	10	Free Cash Flow WSJ
Dividends paid			$152.0	$158.0	$170.0	$222.0	$242.5	$262.9	$271.1	$325.8	$360.8	$359.8	$361.7	$381.2				137.96%	<-Total Growth	10	Dividends paid
Percentage paid			32.83%	42.82%	33.86%	56.78%	37.19%	12.31%	22.90%	0.00%	46.68%	24.05%	97.76%	68.94%				$0.36	<-Median->	10	Percentage paid
5 Year Coverage			32.83%	37.26%	35.98%	40.70%	39.73%	26.06%	24.02%	31.40%	31.81%	29.04%	45.67%	58.74%							5 Year Coverage
Dividend Coverage Ratio			3.05	2.34	2.95	1.76	2.69	8.12	4.37	-0.45	2.14	4.16	1.02	1.45				2.51	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage			3.05	2.68	2.78	2.46	2.52	3.84	4.16	3.18	3.14	3.44	2.19	1.70							5 Year of Coverage
								-$2,136	$0	$0	$0	$0	$370
			-$463	$0	$0	$0	$0	$0	$0	$0	$0	$0	$370
Class A non-voting	$7,617	$9,086	$8,347	$9,376	$10,337	$8,490	$8,131	$9,602	$10,258	$7,680	$7,345	$7,893	$8,614	$9,274	$9,274	$9,274		3.21%	<-Total Growth	10	Class A non-voting
Common Shares	$426	$856	$685	$674	$791	$723	$603	$712	$1,172	$856	$890	$676	$753	$739	$739	$739		10.00%	<-Total Growth	10	Common Shares
Market Cap	$8,043	$9,941	$9,031	$10,050	$11,128	$9,213	$8,734	$10,314	$11,430	$8,536	$8,235	$8,570	$9,367	$10,014	$10,014	$10,014		3.72%	<-Total Growth	10	Market Cap
Diluted # of Shares in Million	81.18	79.61	76.58	72.56	68.87	65.06	61.86	61.09	61.35	59.34	56.46	55.77	54.46	54.46	54.46			-28.89%	<-Total Growth	10	Diluted
Change	-0.76%	-1.93%	-3.81%	-5.26%	-5.08%	-5.53%	-4.92%	-1.25%	0.42%	-3.27%	-4.85%	-1.22%	-2.34%	0.00%	0.00%			-4.06%	<-Median->	10	Change
Difference Diluted/Basic	-0.7%	-0.8%	-0.6%	-0.3%	-0.3%	-0.3%	-0.1%	-0.3%	-1.0%	-0.6%	-0.4%	-0.3%	0.0%	0.0%	0.0%			-0.27%	<-Median->	10	Difference Diluted/Basic
Average # of Sh in M	80.65	78.96	76.15	72.36	68.68	64.89	61.79	60.90	60.74	58.98	56.23	55.63	54.46	54.46	54.46			-28.48%	<-Total Growth	10	Basic
Change	-0.96%	-2.10%	-3.56%	-4.98%	-5.09%	-5.52%	-4.77%	-1.45%	-0.25%	-2.90%	-4.67%	-1.07%	-2.10%	0.00%	0.00%			-3.78%	<-Median->	10	Change
Difference	-0.8%	-1.9%	-2.7%	-2.2%	-3.2%	-3.1%	-0.4%	-0.1%	-1.0%	-2.2%	-1.1%	0.0%	-2.8%	-2.8%	-2.8%			-1.63%	<-Median->	10	Difference
Class A non-voting	76.56	74.02	70.64	67.32	63.07	59.48	58.10	57.38	56.72	54.28	52.20	52.20	49.52	49.52	49.52	49.52			93.53%		Ratio of Shares
Common Shares	3.42	3.42	3.42	3.42	3.42	3.42	3.42	3.42	3.42	3.42	3.42	3.42	3.42	3.42	3.42	3.42			6.47%		Ratio of Shares
# of Share in Millions	79.98	77.45	74.06	70.75	66.49	62.90	61.52	60.81	60.15	57.70	55.62	55.62	52.95	52.95	52.95	52.95		-3.30%	<-IRR #YR->	10	Shares	-28.51%
Change	-1.43%	-3.17%	-4.37%	-4.47%	-6.02%	-5.40%	-2.20%	-1.16%	-1.09%	-4.07%	-3.60%	0.00%	-4.81%	0.00%	0.00%	0.00%		-2.73%	<-IRR #YR->	5	Shares	-12.92%
CF fr Op $Millon	$893.2	$574.8	$978.9	$986.4	$972.8	$807.4	$1,087.6	$2,442.8	$1,814.4	$566.0	$1,353.7	$2,063.8	$952.1	$1,610.7				-2.74%	<-Total Growth	10	Cash Flow
Increase	20.22%	-35.65%	70.30%	0.77%	-1.38%	-17.00%	34.70%	124.60%	-25.72%	-68.81%	139.17%	52.46%	-53.87%	69.17%					DRIP, SO		Buy Backs
5 year Running Average	$890.3	$921.5	$919.1	$835.3	$881.2	$864.1	$966.6	$1,259.4	$1,425.0	$1,343.6	$1,452.9	$1,648.1	$1,350.0	$1,309.3				46.89%	<-Total Growth	10	CF 5 Yr Running
Fr Statement
CFPS	$11.17	$7.42	$13.22	$13.94	$14.63	$12.84	$17.68	$40.17	$30.17	$9.81	$24.34	$37.10	$17.98	$30.42				36.05%	<-Total Growth	10	Cash Flow per Share
Increase	21.96%	-33.54%	78.09%	5.49%	4.94%	-12.27%	37.73%	127.24%	-24.91%	-67.48%	148.11%	52.46%	-51.54%	69.17%				-0.28%	<-IRR #YR->	10	Cash Flow	-2.74%
5 year Running Average	$10.98	$11.43	$11.64	$10.98	$12.08	$12.41	$14.46	$19.85	$23.10	$22.13	$24.43	$28.32	$23.88	$23.93				-17.18%	<-IRR #YR->	5	Cash Flow	-61.02%
P/CF on Med Price	7.52	15.00	9.30	8.62	10.44	12.50	8.14	2.80	6.23	17.04	6.61	3.91	8.70	5.85				3.13%	<-IRR #YR->	10	Cash Flow per Share	36.05%
P/CF on Closing Price	8.91	16.54	8.94	9.99	11.20	11.12	7.92	4.17	6.00	14.43	5.78	4.08	9.67	6.16				-14.85%	<-IRR #YR->	5	Cash Flow per Share	-55.24%
															-26.57%	Diff M/C		7.45%	<-IRR #YR->	10	CFPS 5 yr Running	105.08%
Excl.Working Capital CF	$304.2	$797.6	-$529.8	$544.7	$721.4	$866.9	$993.8	-$284.1	$798.2	$1,994.1	$727.6	$45.3	$973.9	$0.0				3.76%	<-IRR #YR->	5	CFPS 5 yr Running	20.29%
CF fr Op $M WC	$1,197	$1,372	$449	$1,531	$1,694	$1,674	$2,081	$2,159	$2,613	$2,560	$2,081	$2,109	$1,926	$1,611				328.86%	<-Total Growth	10	Cash Flow less WC
Increase	-17.48%	14.61%	-67.28%	240.93%	10.65%	-1.17%	24.31%	3.71%	21.03%	-2.01%	-18.70%	1.34%	-8.68%	-16.37%				15.67%	<-IRR #YR->	10	Cash Flow less WC	328.86%
5 year Running Average	$1,112.7	$1,248.3	$1,174.0	$1,200.2	$1,248.8	$1,344.2	$1,486.0	$1,827.9	$2,044.2	$2,217.4	$2,298.8	$2,304.4	$2,257.8	$2,057.4				-2.26%	<-IRR #YR->	5	Cash Flow less WC	-10.78%
CFPS Excl. WC	$14.97	$17.72	$6.06	$21.64	$25.48	$26.62	$33.83	$35.50	$43.44	$44.37	$37.42	$37.92	$36.38	$30.42				6.76%	<-IRR #YR->	10	CF less WC 5 Yr Run	92.32%
Increase	-16.28%	18.37%	-65.78%	256.90%	17.74%	4.46%	27.11%	4.93%	22.35%	2.15%	-15.66%	1.34%	-4.07%	-16.37%				4.31%	<-IRR #YR->	5	CF less WC 5 Yr Run	23.52%
5 year Running Average	$13.73	$15.57	$14.77	$15.66	$17.18	$19.50	$22.73	$28.61	$32.97	$36.75	$38.91	$39.73	$39.90	$37.30				19.62%	<-IRR #YR->	10	CFPS - Less WC	499.87%
P/CF on Med Price	5.61	6.28	20.26	5.56	6.00	6.03	4.26	3.16	4.32	3.77	4.30	3.82	4.30	5.85				0.49%	<-IRR #YR->	5	CFPS - Less WC	2.46%
P/CF on Closing Price	6.65	6.93	19.49	6.44	6.43	5.36	4.14	4.71	4.16	3.19	3.76	3.99	4.78	6.16				10.45%	<-IRR #YR->	10	CFPS 5 yr Running	170.25%
*Cash Generated from Operating Activities			CF/-WC	P/CF Med	10 yr	8.38	5 yr	6.61	P/CF Med	10 yr	4.30	5 yr	4.30		43.19%	Diff M/C		6.88%	<-IRR #YR->	5	CFPS 5 yr Running	39.45%
Chges in WC from Google Finance for 2011 to 2016
			-74.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	52.9								Shares
								-60.8	0.0	0.0	0.0	0.0	52.9								Shares
			-$978.9	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$952.1								Cash Flow
								-$2,442.8	$0.0	$0.0	$0.0	$0.0	$952.1								Cash Flow
			-$13.22	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.98								Cash Flow per Share
								-$40.17	$0.00	$0.00	$0.00	$0.00	$17.98								Cash Flow per Share
			-$11.64	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$23.88								CFPS 5 yr Running
								-$19.85	$0.00	$0.00	$0.00	$0.00	$23.88								CFPS 5 yr Running
			-$449.1	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$1,926.0								Cash Flow less WC
								-$2,158.7	$0.0	$0.0	$0.0	$0.0	$1,926.0								Cash Flow less WC
			-$1,174.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$2,257.8								CF less WC 5 Yr Run
								-$1,827.9	$0.0	$0.0	$0.0	$0.0	$2,257.8								CF less WC 5 Yr Run
			-$6.06	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$36.38								CFPS - Less WC
								-$35.50	$0.00	$0.00	$0.00	$0.00	$36.38								CFPS - Less WC
			-$14.77	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$39.90								CFPS 5 yr Running
								-$28.61	$0.00	$0.00	$0.00	$0.00	$39.90								CFPS 5 yr Running
Change in loans receivable	-$274.10	-$332.4	-$25.20	-$306.10	-$430.40	-$491.5	-$270.4	$925.1	-$486.8	-$657.1	-$289.3	-$139.0									<--no longer part of WC re TD.
Change in operating working capital and other	$270.20	-$83.5	-$115.30	$126.10			-$105.50	-$183.7	$241.6	-$574.4	$99.50	$510.20	-$148.20
Trade and other rec					-$50.80	$32.8
Merchandise Inventories					-$29.20	-$104.4
Income Taxes					-$1.00	-$6.5
Prepaid Expenses & deposits					-$8.00	-$24.5
Trande and other payables					$154.10	$76.2
Provisions	-$8.80	-$17.1			$31.60	$13.6
Long term Provisisons	$14.00	$3.2			-$1.30	$6.2
Other long Term liab					$11.60	-$38.0
Change in loans receivable	-$274.10	-$332.4	-$25.20	-$306.10	-$430.40	-$491.5	-$270.4	$925.1	-$486.8	-$657.1	-$289.3	-$139.0	-$202.5								<-- part of WC againre TD.
Interest paid	-$126.50	-$122.0	-$101.40	-$114.00	-$125.90	-$148.5	-$297.3	-$272.6	-$233.0	-$254.6	-$366.1	-$413.6	-$367.9
Interest received	$12.00	$10.4	$8.40	$6.50	$8.70	$10.1	$27.3	$15.8	$13.9	$21.3	$38.8	$44.0	$28.6
Income taxes paid	-$191.20	-$256.5	-$284.00	-$262.80	-$294.30	-$204.4	-$347.9	-$200.5	-$333.9	-$529.3	-$210.5	-$46.9	-$283.9
Other			$14.60	$5.60	$13.50	$12.0
Sum	-$304.4	-$797.9	-$502.90	-$544.70	-$721.40	-$866.9	-$993.8	$284.1	-$798.2	-$1,994.1	-$727.6	-$45.3	-$973.9
Googhle -->TD	-$304.2	-$797.6	-$502.90	-$544.70	-$721.40	-$867	-$994	$284	-$798	-$1,994	-$438	-$45	-$974
Difference	-$0.2	-$0.3	$0.00	$0.00	$0.00	$0	$0	$0	$0	$0	-$290	$0	$0
TD 2 25		-$759	-$503	-$545	-$721			$284	-$798	-$1,994	-$728
Difference		-$39	$0	$0	$0			$0	$0	$0	$0
Old			-$529.80	-$588.90
OPM	7.58%	4.61%	7.97%	7.78%	7.24%	5.74%	7.48%	16.43%	11.14%	3.18%	8.13%	12.62%	5.84%	9.80%				-26.80%	<-Total Growth	10	OPM
Increase	16.56%	-39.14%	72.84%	-2.42%	-6.91%	-20.69%	30.30%	119.52%	-32.20%	-71.46%	155.74%	55.24%	-53.75%	67.87%					Should increase		or be stable.
Diff from Median	-0.7%	-39.6%	4.5%	1.9%	-5.1%	-24.7%	-1.9%	115.3%	45.9%	-58.4%	6.5%	65.3%	-23.5%	28.4%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	7.63%	5 Yrs	8.13%					should be	zero, it is a		check on calculations
														$2,289	<-12 mths	5.53%
Adjusted EBITDA	$1,235.7	$1,359.4	$1,518.8	$1,561.8	$1,693.8	$1,742.7	$2,146.3	$2,180.6	$2,666.8	$2,642.0	$2,090.7	$2,175.3	$2,168.5	$1,296	$2,273	$2,362		42.78%	<-Total Growth	10	Adjusted EBITDA	Also
Change	8.58%	10.01%	11.73%	2.83%	8.45%	2.89%	23.16%	1.60%	22.30%	-0.93%	-20.87%	4.05%	-0.31%	-40.24%	75.39%	3.92%		2.86%	<-Median->	10	Change	Normalized
Margin	10.48%	10.91%	12.37%	12.32%	12.61%	12.40%	14.77%	14.66%	16.37%	14.83%	12.55%	13.30%	13.29%	7.88%	13.48%	13.64%		13.29%	<-Median->	10	Margin
														$1,481	<-12 mths	5.47%
EBIT									$1,965	$1,898	$1,288	$1,390	$1,404	$1,382	$1,449	$1,559			<-Total Growth	4	EBIT
Change										-3.41%	-32.14%	7.92%	1.01%	-1.57%	4.85%	7.59%		-1.20%	<-Median->	4	Change
Margin									12.06%	10.66%	7.73%	8.50%	8.61%	8.41%	8.59%	9.00%		8.61%	<-Median->	5	Margin
Long Term Debt			$4,343.6	$3,897.9	$4,535.0	$5,507.0	$5,383.6	$4,115.7	$3,558.7	$3,217.5	$4,404.0	$3,875.5	$3,617.9	$3,617.9							Debt	Type
Change				-10.26%	16.34%	21.43%	-2.24%	-23.55%	-13.53%	-9.59%	36.88%	-12.00%	-6.65%	0.00%				-8.12%	<-Median->	10	Change	Lg Term R
Debt/Market Cap Ratio			0.52	0.42	0.44	0.65	0.66	0.43	0.35	0.42	0.60	0.49	0.42	0.39				0.43	<-Median->	10	Debt/Market Cap Ratio	Intang/GW
Assets/Current Liabilities Ratio			3.86	3.27	3.46	3.29	3.39	4.05	3.21	3.09	3.44	3.51	3.48	3.48				3.42	<-Median->	10	Assets/Current Liabilities Ratio	Liquidity
Debt to Cash Flow (Years)			4.44	3.95	4.66	6.82	4.95	1.68	1.96	5.68	3.25	1.88	3.80	2.25				3.88	<-Median->	10	Debt to Cash Flow (Years)	Liq. + CF
																						Debt Ratio
Intangibles	$752.6	$815.1	$809.8	$835.6	$848.2	$1,410.4	$1,523.2	$1,483.3	$1,495.4	$1,478.4	$1,409.9	$1,337.5	$870.0	$870.0				7.43%	<-Total Growth	10	Intangibles	Leverage
Goodwill	$432.9	$436.6	$437.0	$444.7	$444.7	$861.6	$891.1	$889.5	$876.8	$863.2	$844.8	$838.7	$491.1	$491.1				12.38%	<-Total Growth	10	Goodwill	D/E Ratio
Total	$1,185.5	$1,251.7	$1,246.8	$1,280.3	$1,292.9	$2,272.0	$2,414.3	$2,372.8	$2,372.2	$2,341.6	$2,254.7	$2,176.2	$1,361.1	$1,361.1				9.17%	<-Total Growth	10	Total
Change	8.77%	5.58%	-0.39%	2.69%	0.98%	75.73%	6.26%	-1.72%	-0.03%	-1.29%	-3.71%	-3.48%	-37.46%	0.00%				-0.66%	<-Median->	10	Change
Intangible/Market Cap Ratio	0.15	0.13	0.14	0.13	0.12	0.25	0.28	0.23	0.21	0.27	0.27	0.25	0.15	0.14				0.24	<-Median->	10	Intangible/Market Cap Ratio
Current Assets	$7,977.8	$8,510.2	$8,692.3	$8,637.7	$8,796.1	$9,255.8	$9,555.3	$10,546.8	$11,646.6	$11,530.4	$11,293.1	$11,347.9	$11,316.3	$11,316.3				Liquidity ratio of 1.5 and up, best
Current Liabilities	$4,322.1	$4,578.8	$3,883.8	$4,680.9	$4,519.3	$5,258.2	$5,751.4	$5,025.8	$6,790.0	$7,147.0	$6,389.0	$6,335.4	$6,196.5	$6,196.5				1.78	<-Median->	10	Ratio
Liquidity	1.85	1.86	2.24	1.85	1.95	1.76	1.66	2.10	1.72	1.61	1.77	1.79	1.83	1.83				1.77	<-Median->	5	Ratio
Liq. with CF aft div	2.03	1.95	2.45	2.02	2.12	1.87	1.81	2.53	1.94	1.64	1.92	2.06	1.92	2.02				1.92	<-Median->	5	Ratio
Liq. CF re  Inv+Div	1.71	1.73	2.27	1.73	1.86	1.50	1.60	2.16	1.75	1.57	1.72	1.97	1.92	2.02				1.75	<-Median->	5	Ratio
Assets	$13,630.0	$14,553.2	$14,987.8	$15,302.8	$15,624.2	$17,286.8	$19,518.3	$20,377.1	$21,802.2	$22,102.3	$21,978.3	$22,240.6	$21,539.8	$21,539.8				Debt Ratio of 1.5 and up, best
Liabilities	$8,180.1	$8,922.4	$9,198.1	$9,565.5	$10,050.5	$11,871.8	$14,013.6	$14,542.4	$15,291.4	$15,063.1	$15,533.5	$15,152.3	$14,725.9	$14,725.9				1.46	<-Median->	10	Ratio
Debt Ratio	1.67	1.63	1.63	1.60	1.55	1.46	1.39	1.40	1.43	1.47	1.41	1.47	1.46	1.46				1.46	<-Median->	5	Ratio
Estimates BVPS														$111.80	$116.40				Estimates		Estimates BVPS
Estimate Book Value														$5,919.6	$6,163.1				Estimates		Estimate Book Value
P/B Ratio (Close)														1.68	1.61				Estimates		P/B Ratio (Close)
Difference from 10 year median															-2.58%	Diff M/C			Estimates		Difference from 10 yr med.
Book Value	$5,449.9	$5,630.8	$5,789.7	$5,737.3	$5,573.7	$5,415.0	$5,504.7	$5,834.7	$6,510.8	$7,039.2	$6,444.8	$7,088.3	$6,813.9	$6,813.9				17.69%	<-Total Growth	10	Book Value
NCI	$282.6	$775.3	$795.5	$798.7	$823.3	$1,048.8	$1,048.8	$1,335.6	$1,387.0	$1,420.7	$896.8	$933.3	$933.3	$933.3
Book Value	$5,167.3	$4,855.5	$4,994.2	$4,938.6	$4,750.4	$4,366.2	$4,455.9	$4,499.1	$5,123.8	$5,618.5	$5,548.0	$6,155.0	$5,880.6	$5,880.6	$5,880.6	$5,880.6		17.75%	<-Total Growth	10	Book Value
Book Value per Share	$64.60	$62.69	$67.43	$69.81	$71.45	$69.41	$72.43	$73.99	$85.19	$97.37	$99.75	$110.66	$111.06	$111.06	$111.06	$111.06		64.70%	<-Total Growth	10	Book Value per Share
Change	10.05%	-2.96%	7.56%	3.52%	2.35%	-2.84%	4.35%	2.15%	15.13%	14.30%	2.44%	10.94%	0.37%	0.00%	0.00%	0.00%		11.10%	P/B Ratio		Current/Historical Median
P/B Ratio (Median)	1.30	1.78	1.82	1.72	2.14	2.31	1.99	1.52	2.20	1.72	1.61	1.31	1.41	1.60	0.00	0.00		1.52	P/B Ratio		Historical Median
P/B Ratio (Close)	1.54	1.96	1.75	2.00	2.29	2.06	1.93	2.26	2.12	1.45	1.41	1.37	1.57	1.69	1.69	1.69		5.12%	<-IRR #YR->	10	Book Value per Share	64.70%
Change	30.31%	27.13%	-10.50%	13.86%	14.99%	-10.36%	-6.04%	17.04%	-6.13%	-31.55%	-2.92%	-3.14%	14.61%	7.66%	0.00%	0.00%		8.46%	<-IRR #YR->	5	Book Value per Share	50.11%
Leverage (A/BK)	2.50	2.58	2.59	2.67	2.80	3.19	3.55	3.49	3.35	3.14	3.41	3.14	3.16	3.16				3.18	<-Median->	10	A/BV
Debt/Equity Ratio	1.50	1.58	1.59	1.67	1.80	2.19	2.55	2.49	2.35	2.14	2.41	2.14	2.16	2.16				2.18	<-Median->	10	Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities)									P/B Ratios	10 yr Med	1.72	5 yr Med	1.61		-1.94%	Diff M/C
			-$67.43	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$111.06
								-$73.99	$0.00	$0.00	$0.00	$0.00	$111.06
Comprehensive Income	$623.5	$660.9	$801.4	$634.4	$740.3	$795.1	$743.7	$765.1	$1,251.9	$1,450.8	$275.3	$1,154.9	$757.8					-5.44%	<-Total Growth	10	Comprehensive Income
NCI	$3.2	$35.4	$74.0	$79.6	$85.6	$89.4	$111.4	$101.7	$137.5	$157.5	$136.0	$84.2	$84.2					13.78%	<-Total Growth	10	NCI
Shareholders	$620.3	$625.5	$727.4	$554.8	$654.7	$705.7	$632.3	$663.4	$1,114.4	$1,293.3	$139.3	$1,070.7	$673.6					-7.40%	<-Total Growth	10	Shareholders
Increase	30.04%	0.84%	16.29%	-23.73%	18.01%	7.79%	-10.40%	4.92%	67.98%	16.06%	-89.23%	668.63%	-37.09%					16.06%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$446.1	$532.6	$589.3	$601.0	$636.5	$653.6	$655.0	$642.2	$754.1	$881.8	$768.5	$856.2	$858.3					-0.77%	<-IRR #YR->	10	Comprehensive Income	-7.40%
ROE	11.4%	11.1%	12.6%	9.7%	11.7%	13.0%	11.5%	11.4%	17.1%	18.4%	2.2%	15.1%	9.9%					0.31%	<-IRR #YR->	5	Comprehensive Income	1.54%
5Yr Median	10.9%	11.1%	11.3%	11.1%	11.4%	11.7%	11.7%	11.5%	11.7%	13.0%	11.5%	15.1%	15.1%					-3.91%	<-IRR #YR->	10	5 Yr Running Average	45.65%
% Difference from NI	10.5%	3.6%	10.3%	-17.1%	-10.9%	2.0%	-18.8%	-11.8%	-1.2%	23.9%	-34.7%	20.6%	28.0%					5.97%	<-IRR #YR->	5	5 Yr Running Average	33.65%
Median Values										Diff	5, 10 yr	-6.0%	20.6%					15.1%	<-Median->	5	Return on Equity
			-$727.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$673.6
								-$663.4	$0.0	$0.0	$0.0	$0.0	$673.6
			-$589.3	$0.0	-$636.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$858.3
								-$642.2	$0.0	$0.0	$0.0	$0.0	$858.3
Current Liability Coverage Ratio	0.28	0.30	0.12	0.33	0.37	0.32	0.36	0.43	0.38	0.36	0.33	0.33	0.31	0.26							CFO / Current Liabilities
5 year Median	0.31	0.31	0.30	0.30	0.30	0.32	0.33	0.36	0.37	0.36	0.36	0.36	0.33	0.33				34.6%	<-Median->	10	Current Liability Cov Ratio
Asset Efficiency Ratio	8.79%	9.43%	3.00%	10.01%	10.84%	9.69%	10.66%	10.59%	11.98%	11.58%	9.47%	9.48%	8.94%	7.48%							CFO / Total Assets
5 year Median	9.36%	9.43%	9.43%	9.43%	9.43%	9.69%	10.01%	10.59%	10.66%	10.66%	10.66%	10.59%	9.48%	9.47%				10.3%	<-Median->	10	Return on Assets
Return on Assets ROA	4.12%	4.15%	4.40%	4.37%	4.70%	4.00%	3.99%	3.69%	5.17%	4.72%	0.97%	3.99%	2.44%	3.26%				Net	Income/Assets		Return on Assets
5Yr Median	3.81%	4.12%	4.12%	4.15%	4.37%	4.37%	4.37%	4.00%	4.00%	4.00%	3.99%	3.99%	3.99%	3.26%				4.0%	<-Median->	10	Asset Efficiency Ratio
Return on Equity ROE	10.30%	10.73%	11.39%	11.66%	13.19%	12.78%	14.14%	12.88%	17.32%	14.83%	3.31%	12.52%	7.72%	10.32%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	10.48%	10.59%	10.59%	10.73%	11.39%	11.66%	12.78%	12.88%	13.19%	14.14%	14.14%	12.88%	12.52%	10.32%				12.8%	<-Median->	10	Return on Equity
														$515	<-12 mths	-2.17%			Estimates		last 12 months from Qtr.
Net Income	$564.4	$639.3	$735.9	$747.5	$818.8	$783.0	$894.8	$862.6	$1,260.7	$1,182.8	$339.1	$971.9	$609.7					-17.15%	<-Total Growth	10	Net Income
NCI	$3.2	$35.3	$76.5	$78.4	$83.8	$90.9	$116.4	$110.8	$133.1	$138.7	$125.8	$84.2	$83.4					9.02%	<-Total Growth	10	NCI
Shareholders	$561.2	$604.0	$659.4	$669.1	$735.0	$692.1	$778.4	$751.8	$1,127.6	$1,044.1	$213.3	$887.7	$526.3	$703	$740	$771		-20.19%	<-Total Growth	10	Shareholders
Increase	12.42%	7.63%	9.17%	1.47%	9.85%	-5.84%	12.47%	-3.42%	49.99%	-7.41%	-79.57%	316.17%	-40.71%	33.57%	5.26%	4.19%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$463.2	$517.0	$558.2	$598.6	$645.7	$671.9	$706.8	$725.3	$817.0	$878.8	$783.0	$804.9	$759.8	$674.9	$614.1	$725.6		-2.23%	<-IRR #YR->	10	Net Income	-20.19%
Operating Cash Flow	$893.2	$574.8	$978.9	$986.4	$972.8	$807.4	$1,087.6	$2,442.8	$1,814.4	$566.0	$1,353.7	$2,063.8	$952.1					-6.88%	<-IRR #YR->	5	Net Income	-29.99%
Investment Cash Flow	-$786.4	-$589.5	-$299.0	-$782.8	-$639.9	-$1,308.6	-$758.7	-$848.0	-$736.5	-$329.9	-$747.8	-$264.1	$638.8					3.13%	<-IRR #YR->	10	5 Yr Running Ave.	36.13%
Total Accruals	$454.4	$618.7	-$20.5	$465.5	$402.1	$1,193.3	$449.5	-$843.0	$49.7	$808.0	-$392.6	-$912.0	-$1,064.6					0.93%	<-IRR #YR->	5	5 Yr Running Ave.	4.76%
Total Assets	$13,630	$14,553	$14,988	$15,303	$15,624	$17,287	$19,518	$20,377	$21,802	$22,102	$21,978	$22,241	$21,540						Balance Sheet		Assets
Accruals Ratio	3.33%	4.25%	-0.14%	3.04%	2.57%	6.90%	2.30%	-4.14%	0.23%	3.66%	-1.79%	-4.10%	-4.94%					-1.79%	<-Median->	5	Ratio
EPS/CF Ratio	0.46	0.43	1.42	0.43	0.42	0.40	0.37	0.35	0.42	0.40	0.10	0.42	0.27					0.40	<-Median->	10	EPS/CF Ratio
			-$659	$0	$0	$0	$0	$0	$0	$0	$0	$0	$526
								-$752	$0	$0	$0	$0	$526
			-$558	$0	$0	$0	$0	$0	$0	$0	$0	$0	$760
								-$725	$0	$0	$0	$0	$760
Chge in Close	43.40%	23.37%	-3.73%	17.87%	17.69%	-12.91%	-1.95%	19.56%	8.08%	8.08%	-0.55%	7.46%	15.02%	7.66%	0.00%	0.00%			Count	33	Years of data
up/down			down				Down												Count	12	36.36%
Meet Prediction?			Yes				yes											% right	Count	3	25.00%
Financial Cash Flow	-$365.5	$88.6	-$434.6	-$280.4	-$719.7	-$534.6	-$604.2	-$462.7	-$653.4	-$1,661.5	-$621.0	-$1,635.3	-$1,513.0						C F Statement		Financial CF
Total Accruals	$819.9	$530.1	$414.1	$745.9	$1,121.8	$1,727.9	$1,053.7	-$380.3	$703.1	$2,469.5	$228.4	$723.3	$448.4								Accruals
Accruals Ratio	6.02%	3.64%	2.76%	4.87%	7.18%	10.00%	5.40%	-1.87%	3.22%	11.17%	1.04%	3.25%	2.08%					3.22%	<-Median->	5	Ratio
Cash	$574.20	$647.80	$900.60	$823.80	$437.00	$470.40	$195.10	$1,327.20	$1,751.70	$326.30	$311.20	$475.60	$553.50	$553.50							Cash
Cash per Share	$7.18	$8.36	$12.16	$11.64	$6.57	$7.48	$3.17	$21.83	$29.12	$5.66	$5.59	$8.55	$10.45	$10.45				$8.55	<-Median->	5	Cash per Share
Percentage of Stock Price	7.22%	6.81%	10.29%	8.36%	4.01%	5.24%	2.27%	13.04%	16.10%	4.00%	3.98%	5.65%	6.01%	5.58%				5.65%	<-Median->	5	% of Stock Price
Notes:
February 22, 2026.  Last estimate are for 2025, 2026, 2027 of $16673M, $17003M, $17326M Revenue, $1345, $14.70, $17.45 AEPS, $12.80, $13.19, $13.97 EPS, $7.08, $7.10, $7.05 Dividends,
$386.7M, $552M 2025/6 FCF, $28.91, $30.42 2025/6 CFPS, $2202M, $2285M, $2340M EBITDA, $114.50, $120.60 2025/6 BVPS, $693M, $714M, $732M Net Income.
February 21, 2025.  Last estimates were for 2024, 2025 2026 of 16784M, $17414M, $18536M Revenue, $11.20, $14.08 2024/5 AEPS, 15.26, $20.08, $21.70 EPS,
$616M, $670M, $893M FCF, 29.40, $31.10, $33.20 CFPS. $2115M, $2326M, $2685M EBITDA, $102.00, $108.00 2024/5 BVPS, $723M, $844M, $1083M Net Income.
March 10, 2024.  Last estimates were for 2023, 2024 and 2025 of $17830M, $18430M and $18987M for Revenue, $17.59, $19.52 and $20.27 for AEPS, $18.30, $19.60 and $20.90 for EPS,
$6.79, $6.80 and $6.84 for Dividends, $931M and $749M 2023/4 for FCF, $33.80 and $36.80 2023/4 for CFPS, $1030M, $1052M and $1090M for Net Income.
March 12, 2023.  Last estimates were for 2022, 2023 and 2024 of $16773M, $17188M and $17554M for Revenue, $17.93 and $15.56 for AEPS 2022/3, $17.90, $19.60 and $21.10 for EPS,
$5.35, $6.14 and $6.86 for Dividends, $673M, $994M, and $1018M for FCF, $28.20, $33.30 and $32.40 for CFPS, $92.20 and $103.00 for BVPS, and $1039M, $1083M and $1151M for Net Income.
March 15, 2021.  Last estimates were for 2021 and 2022 of $14946M, $15342M for Revenue, $13.68 and $15.06 for Adj EPS, $13.00 and $14.70 for EPS,
$4.67 and $4.93 for Dividends, $842M and $923M for FCF, $27.40 and $29.80 for CFPS, $828M and $888M for Net Income.
March 11, 2021, Last estimates were for 2020 and 2021 of $15322 and $15607M, $14.12 and $14.86 for Adj EPS,
$13.60 and $14.86 for EPS, $27.90 and $20.71 for CFPS and $790M and $831M for Net Income.
March 7, 2020.  Last estimates were for 2019, 2020 and 2021 of $14795M, $15292M and 16655M for Revenue, $12.91, $14.12 and $14.86 for Adjusted EPS,
$13.20, $14.50 and $14.86 for EPS, $19.10, $20.90 and $18.40 for CFPS and $813 and $865 for Net Income for 2019 and 2020.
March 09, 2019.  Last estimates were for 2018, 2019 and 2020 of $13873M, $14340M and $14875M for Revenue, $11.70, $13.50 and $13.19 fr Adj EPS,
$11.70, 13.30 and $13.19 for EPS, $18.20, $19.70 and $16.90 for CFPS and $774M and $866M for Net Income for 2018 and 2019.
March 04, 2018.  Last estimates were for 2017, 2018 smf 2019 of $13506M, $13777M and $14447M for Revenue, $10.00, $11.00 and $12.51 for Adjusted EPS,
$10.00, 11.00 and $12.51 for EPS, $17.50 and $18.80 for CFPS for 2017 and 2018 and $716M and $734M for Net Income for 2017 and 2018.
March 5, 2017.  Last estimates were for 2017, 2018 and 2019 of $12784M, $13116M and $13672M for Revenue, $8.71, $9.76 and $10.30 for EPS,
$15.90, $12.40 and $18.20 for CFPS, $633M and $678M for Net Income.
March 12, 2015.  Last estimates were for 2015, 2016 and 2017 of $12765M, $13275M and $13655M for Revenue, $8.25 and $9.42 Adjusted EPS for 2015 and 2016,
$7.93, $8.79 and $9.32 for EPS, $12.70, $13.90 and $14.90 for CFPS and $612, $656 and $735.9 for Net Income.
March 20, 2015.  Last estimates were for 2014, 2015 snf 2016 of $12153M, $12285M and $12687M for Revenue, $7.00 for Adjusted EPS for 2014,
$7.36, $7.85 and $8.17 for EPS, $13.70 and $12.70 for CFPS for 2014 and 2015 and $546M for Net Income for 2014.
February 22, 2014.  Last estimates were for 2013 and 2014 of $11512M and $11733M for Revenue, $6.80 and $7.00 for Adjusted EPS, $6.69 and $7.07 for EPS.
It would seem that for 2013 there is no adjusted EPS referred to my anyone as far as I can see.
Mar 23, 2013.  Last Estimates were for 2012 and 2013 of $11257M and $11564M for Revenue, $6.12 and f$6.67 for Earnings and f$12.32 and $14.63 for CFPS.
Feb 11, 2012.  Last estimates I got were for 2011 and 2012 for EPS of 5.36 and 5.70 and CF for $9.12 and $9.62.
Aug 19, 2011. Credit rating agency DBRS has downgraded Canadian Tire Corp. (CTC.A-T $52.21) debt to BBB from an A rating, a day after the retailer completed its acquisition of sporting goods
chain The Forzani Group Ltd. (FGL-T $26.47). The downgrade in the debentures and medium-term notes of Canadian Tire was mainly because of the increase in the size of the company’s debt, DBRS said Friday.
Jun 11, 2011.  Last estimates I got for 2011 and 2012 were $4.57 and $5.05 for earnings and $9.30 and $9.35 for cash flow.
Feb 2010, unaudited Jan 2010 statements.  In Jul 2009, I picked up Earnings and cash flow of $4.12 and $8.80 and they came in at $4.10 and $5.13.
April 2009 AR 2008. In August 2008, I picked up an earnings estimate of $5.20 and it came in at $4.59.
AP 2007. I have done well by this stock.  Am concerned with fall in OPM and slow revenue growth.  Accruals ratio does not look good neither, but they often have high numbers.
AP 2006.  Not followed TD or Mike. FP Card says hold but gives expected price of $81, Market Watch says buy and expected price at 80?  Keeper at present.
Revenue, Earnings and return are good. Dividend increases are good.  Accruals look shady, but do not seem to affect the price. Profit margin thin, but Roe is good.
AP  2005.  This stock seems to be doing well.  There are still a number of buy ratings on it.  TDNewCrest does not follow it. Made IRR since 2000 of 19%
Still of the opinion that this is not a good long term stock.  I bought only because the price when very low.  It is still a sell.
Controlling shareholder is Martha Billes.  She has 3.8%, but has 61.4% voting control.
AP 2004.  There is 6 buy ratings and 3 holds on this stock. Stock is doing much better and I will hold for now. From Big Chart.  TD does not follow this stock
2003.  I am still concerned about this stock.
Martha Gardner Billes owns controlling shares in this company.   There are voting shares (CTC)  and non-voting (CTC.A) shares.
Sector:
Consumer Discretionary
What should this stock accomplish?
You would buy this stock for diversification reasons.  There may be volatility in this stock, especially concerning Earnings and Cash Flow.
You should buy it for both rising dividends and capital gain appreciation.  You should expect low dividend yield and moderate dividend growth.  <
Would I buy this company and Why.
Yes, I think this is a good consumer discretionary stock.  It is a dividend growht stock.
Why am I following this stock.
I own this stock.
Why I bought this stock.
In 2000 when I first bought this stock, it was on the Investment Reporter's list of conservative Canadian stocks.
I bought stock for my trading account in 2009 because I have done well with it in my Pension Account and it was a consumer stock.
I have moved all my shares from my Pension Account to my Trading Account.
Dividends
Dividends are paid quarterly, in cylce 3, which is in March, June, September and December.  The dividends are paid near the first of the month.  Dividends declared for shareholders of one month are paid two months later.
For example, the dividend declared November 8, 2012 payable to shareholders of record of January 31, 2013 are paid on March 1, 2013.
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 more than 90 years, Canadian Tire Corporation (CTC) has been providing customers with everything they need for life in Canada.
For employees Canadian Tire is a place where you can truly make a difference in the lives of Canadians, perform at your best, and be recognized for your achievements.
For community  Like a good neighbour, helping Canadians with whatever life happens to throw at them is what we do.
For investors Reasons to invest in CTC: Strong competitive advantage. Extensive reach and scale. Investing in retail leadership. Consistent financial performance.
How they make their money
Canadian Tire is a leading general merchandise retailer.  The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek,
Sports Experts, PartSource, Party City, and Helly Hansen. The firm also offers a loyalty program with 11 million members and owns a financial services arm that manages a
credit card portfolio for its more than 2 million active users.
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	2018	Mar 6	2019	Mar 7	2020	Mar 12	2021	Mar 15	2022	Mar 12	2023	Mar 12	2024	Feb 21	2025			Feb 22	2026
Hicks, Gregory Hubert						0.004	0.01%	0.007	0.01%	0.007	0.01%	0.011	0.02%	0.013	0.02%			0.000	0.00%			20.14%
CEO - Shares - Amount							$0.792		$0.964		$0.999		$1.711		$2.251				$0.000
Options - percentage						0.146	0.24%	0.154	0.27%	0.182	0.33%	0.183	0.33%	0.290	0.55%			0.000	0.00%			67.04%
Options - amount							$26.374		$21.844		$25.580		$27.614		$50.506				$0.000
Wetmore, Stephen Gerald	0.00%	0.000	0.00%	0.000	0.00%																CEO 2019, 2020
CEO- Shares - Amount	$0.000		$0.000		$0.000																was CEO, now director
Options - percentage	0.17%	0.169	0.28%	0.140	0.23%																not found now
Options - amount	$14.972		$23.705		$23.438
Myers, Darren																		0.000	0.00%
CFO - Shares - Amount																			$0.000
Options - percentage																		0.000	0.00%
Options - amount																			$0.000
Craig, Gregory George				0.007	0.01%	0.011	0.02%	0.012	0.02%	0.012	0.02%	0.013	0.02%	1.38%	0.03%					A	Site says CFO 2020	14.67%
CFO - Shares - Amount					$1.226		$1.977		$1.649		$1.640		$1.906		$2.393					A
Class C Shares				0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%					C		0.00%
Class C - amount					$0.000		$0.000		$0.000		$0.000		$0.000		$0.000					C
Options - percentage				0.045	0.07%	0.080	0.13%	0.086	0.15%	0.100	0.18%	0.103	0.19%	0.122	0.23%							24.50%
Options - amount					$7.463		$14.444		$12.211		$14.077		$15.590		$21.254
Damiani, Elizabeth Camilla												0.000	0.00%	0.000	0.00%			0.000	0.00%	A		40.07%
Officer - Shares - Amount													$0.045		$0.070				$0.000	A
Options - percentage												0.005	0.01%	0.035	0.07%			0.000	0.00%			579.30%
Options - amount													$0.821		$6.105				$0.000
Christie, James Robert	0.01%	0.008	0.01%	0.009	0.01%	0.010	0.02%	0.010	0.02%	0.010	0.02%	0.011	0.02%								Last filing Sep 2024
Officer - Shares - Amount	$1.075		$1.084		$1.426		$1.724		$1.445		$1.437		$1.673
Class C Shares	0.00%	0.098	0.16%	0.095	0.16%	0.127	0.21%	0.068	0.12%	0.078	0.14%	0.089	0.16%
Class C - amount	$0.000		$13.694		$15.879		$22.987		$9.584		$11.022		$13.434
Flood, Thomas Joseph (TJ)												0.006	0.01%	0.007	0.01%			0.000	0.00%	A		21.31%
Officer - Shares - Amount													$0.958		$1.273				$0.000	A
Options - percentage												0.042	0.08%	0.072	0.14%			0.000	0.00%			81.23%
Options - amount													$6.341		$12.584				$0.000
Anderson, Robert James								0.003	0.00%	0.004	0.01%	0.002	0.00%								Last filing Dec 2024
Officer - Shares - Amount									$0.396		$0.563		$0.302
Options - percentage								0.000	0.00%	0.000	0.00%	0.000	0.00%
Options - amount									$0.000		$0.000		$0.000
Billes, Martha Gardiner	1.27%	0.756	1.30%	0.756	1.32%	0.756	1.26%	0.756	1.31%	0.756	1.36%	0.756	1.36%	0.756	1.43%			0.000	0.00%	A		5.05%
Director - Shares - Amount	$107.888		$105.779		$126.474		$136.693		$106.951		$106.361		$114.297		$131.470				$0.000	A
Class C Shares	61.38%	2.101	61.38%	2.101	61.38%	2.101	61.38%	2.101	61.38%	2.101	61.38%	2.101	61.38%	2.101	61.38%			0.000	0.00%	C		0.00%
Class C - amount	$443.549		$370.328		$437.039		$719.077		$525.266		$546.299		$415.082		$462.253				$0.000	C
Options - percentage	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%			0.000	0.00%			#DIV/0!
Options - amount	$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000				$0.000
Frazier, Steve										0.004	0.01%	0.004	0.01%	0.005	0.01%			0.000	0.00%			18.18%
Director - Shares - Amount											$0.535		$0.665		$0.861				$0.000
Options - percentage										0.000	0.00%	0.000	0.00%	0.000	0.00%			0.000	0.00%			#DIV/0!
Options - amount											$0.000		$0.000		$0.000				$0.000
Anderson, Eric																		0.000	0.00%
Director - Shares - Amount																			$0.000
Options - percentage																		0.000	0.00%
Options - amount																			$0.000
Owens, J. Michael								0.002	0.00%	0.004	0.01%	0.004	0.01%	0.004	0.01%			0.000	0.00%		Chair in 2023	5.05%
Chairman - Shares - Amt									$0.218		$0.563		$0.605		$0.696				$0.000
Options - percentage								0.001	0.00%	0.002	0.00%	0.004	0.01%	0.006	0.01%			0.000	0.00%			73.21%
Options - amount									$0.089		$0.272		$0.534		$1.012				$0.000
Sabia, Maureen Joanne	0.01%	0.005	0.01%	0.005	0.01%	0.005	0.01%	0.005	0.01%	0.005	0.01%											#DIV/0!
Chairman - Shares - Amt	$0.725		$0.708		$0.850		$0.919		$0.719		$0.715
Options - percentage	0.00%	0.002	0.00%	0.002	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%											#DIV/0!
Options - amount	$0.334		$0.335		$0.412		$0.460		$0.369		$0.367
C.T.C. Dealer Holdings Limited	0.36%							0.213	0.37%	0.213	0.38%									A	Last updated in Jun 2014	#DIV/0!
10% Holder	$30.389								$30.125		$29.959									A
Class C Shares	20.56%							0.704	1.22%	0.704	20.56%									C		#DIV/0!
Class C - amount	$148.569								$99.585		$182.984									C
																						#DIV/0!
Lynar, Hugh																				A	Not an isider after Dec 2016
10% Holder																				A
Class C Shares																				C
Class C - amount																				C
Sun Life Assurance																				A	Filed 2012
Class A - Amount																				A	Not on MS ownership list '22
Sun Life Trust																				A	Probably same as above
Class A - Amount																				A	Not on MS ownership list '22
Increase in O/S Shares	0.00%	0.240	0.36%	0.135	0.22%	0.135	0.22%	0.768	1.28%	0.211	0.36%	0.337	0.61%	0.117	0.21%			0.306	0.58%		looked at stock options
due to SO	$0.000		$39.264		$18.883		$22.509		$138.972		$29.795		$87.515		$17.721				$53.267		exercised
Book Value	$0.000		$28.381		$16.336		$21.359		$98.783		$22.777		$34.541		$10.580				$37.667
Insider Buying	-$0.230		-$1.069		-$0.058		-$0.342		-$0.802		-$0.956		-$0.535		-$0.342				$0.000
Insider Selling	$0.000		$0.355		$0.000		$0.000		$0.008		$0.000		$0.000		$0.000				$0.000
Net Insider Selling	-$0.230		-$0.714		-$0.058		-$0.342		-$0.794		-$0.956		-$0.535		-$0.342				$0.000
% of Market Cap	0.00%		-0.01%		0.00%		0.00%		-0.01%		-0.01%		-0.01%		0.00%				0.00%
Directors		16		16		16		16		16		16		16				17
Women	19%	3	19%	4	25%	4	25%	4	25%	3	19%	6	38%	6	38%			5	29%
Minorities	0%	0	0%	0	0%	0	0%	0	0%	2	13%	2	13%	3	19%			2	12%
Institutions/Holdings	23.51%	3	29.55%	20	18.62%	20	24.78%	20	18.58%	6	0.02%	5	0.01%	20	12.51%			20	20.87%
Total Shares Held	23.48%	0.000	0.00%	11.474	18.65%	15.067	25.05%	11.173	19.36%	0.009	0.02%	0.005	0.01%	6.960	13.14%			11.058	20.88%
Increase/Decrease	-1.24%	-0.185	-100.00%	0.036	0.32%	-0.369	-2.39%	-0.009	-0.08%	-0.111	-92.67%	-0.002	-28.66%	-0.153	-2.15%			-0.509	-4.40%		Yes 0
Starting No. of Shares	Reuters	0.185		11.437	Top 20 MS	15.436	Top 20 MS	11.182	Top 20 MS	0.120	Top 20 MS	0.008	Top 20 MS	7.113	Top 20 MS			11.567	Top 20 MS
Institutions/Holdings		383	51.63%																	A
Value			$4,197.850																	A
Total Shares Held		16.000	27.54%																	A
Value			$2,239.200																	A
Increase/Decrease 3 Mths		-1.000	-5.88%																	A
Starting No. of Shares		17.000	Moringstar
Copyright © 2008 Website of SPBrunner. All rights reserved.
My stock
																			Total Holdings
																		06/05/09	-$5,125.99	T	$51.26	100
																		12/23/10	-$6,681.00	T	$66.81	100
																		12/23/10	-$6,689.99	T	$66.90	100
																		02/11/00	-$8,929.00	P	$22.32	400
																		11/21/14	$25,355.01	P	$126.78	-200
																		12/05/23	$14,205.00	P
																		12/05/23	-$14,205.00	T
																		12/05/23	$15,122.00	P
																		12/12/24	-$15,122.00	T
																		02/28/26	$95,665.00		$54.85	500
																		9.35%	XIRR		$191.33	500
																		11.62%
																		2.27%	19.5%
																		% from	$114,383.50		Total Value	Gain
																			-$25,355.01		Less Sale of Stock
																			-$95,665.00		Less Stock Value
																		-5.80%	-$6,636.51		Dividends Paid	-12098.95%
																			$54.85		Cost of Stock
																			$25,355.01		Sale of Stock
																		105.80%	$120,965.16		Capital Gains/Loss	220530.24%
																		100.00%	$114,328.65		Total Return	208431.29%
																		Start Date	11-Feb-00		Shares	500
																		End date	28-Feb-26		Dividends pd per Share	-$13.27
																		Years	26.05		Div less cost	-$68.12
																					Cost	$54.85
																					% paid by div	-24.20%
																			CDN Trading
																		5-Jun-09	-$5,125.99		-$51.26	100
																		23-Dec-10	-$6,681.00		-$66.81	100
																		23-Dec-10	-$6,689.99		-$66.90	100
																		5-Dec-23	-$14,205.00		-$142.05	100
																		12-Dec-24	-$15,122.00		-$151.22	100
																		12/31/25	$86,970.00		-$95.65	500
																		7.20%	XIRR		$173.94	500
																		10.42%
																		3.22%	30.9%
																		% from	$106,143.50		Total Value	Gain
																			$0.00		Less Sale of Stock
																			-$86,970.00		Less Stock Value
																		26.11%	$19,173.50		Dividends Paid	58.63%
																			$32,701.98		Cost of Stock
																			$0.00		Sale of Stock
																		73.89%	$54,268.02		Capital Gains/Loss	165.95%
																		100.00%	$73,441.52		Total Return	224.58%
																		Start Date	5-Jun-09		Shares	300
																		End date	31-Dec-25		Dividends pd per Share	$63.91
																		Years	16.57		Div less cost	$159.56
																					Cost	-$95.65
																					% paid by div	-66.82%
																		Transferred to Trading.
																			Pension
																		11-Feb-00	-$8,929.00		-$22.32	400
																		21-Nov-14	$25,355.01		$0.40	div
																		5-Dec-23	$14,205.00
																		28-Feb-23	$13,810.00
																		12-Dec-24	$15,122.00
																		10.18%	XIRR
																		12.23%
																		2.05%	16.7%
																		% from	$67,518.01		Total Value	Gain
																			-$25,355.01		Less Sale of Stock
																			-$13,810.00		Less Stock Value
																		38.95%	$28,353.00		Dividends Paid	317.54%
																			$8,929.00		Cost of Stock
																			$39,560.01		Less Sale of Stock
																		61.05%	$44,441.01		Capital Gains/Loss	497.72%
																		100.00%	$72,794.01		Total Return	815.25%
																		Start Date	11-Feb-00		Shares	200
																		End date	28-Feb-23		Dividends pd per Share	$141.77
																		Years	23.05		Div less cost	$119.44
																					Cost	$22.32
																					% paid by div	635.08%