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.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.																Estimates	Estimates	Estimates
See my website on stocks or see my blog at the following sites.								https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/				Q2 2023				Reports in CDN$, but pays dividend in US$.
GFL Environmental Inc						TSX	GFL	NYSE	GFL	https://gflenv.com/			Fiscal Yr:	Dec 31
Year	12/31/08	12/31/09	12/31/10	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		Value	Description	#Y	Item	Total G	Currency
Accounting Rules											IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					Accounting Rules
Currency														<--CDN$	CDN$-->
USD - CDN$	1.2246	1.0466	0.9946	1.0170	0.9949	1.0636	1.1601	1.3847	1.3427	1.2545	1.3642	1.2988	1.2732	1.2678	1.3544	1.3355	1.3355	1.3355		-1.14%	<-IRR #YR->	4	USD - CDN$
Change		-14.54%	-4.97%	2.25%	-2.17%	6.91%	9.07%	19.36%	-3.04%	-6.57%	8.74%	-4.79%	-1.97%	-0.42%	6.83%	-1.40%	0.00%	0.00%		2.23%	<-IRR #YR->	9	USD - CDN$
Exchange 5 years										-1.3427	0.0000	0.0000	0.0000	0.0000	1.2678
Exchange 10 years					-1.0170	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	1.2678
																$5,537	<-12 mths	10.92%
Revenue* US$											$1,358.0	$2,576.9	$3,295.8	$4,358.3	$4,992.1	$5,557.5	$5,847.2	$6,235.9		267.60%	<-Total Growth	4	Revenue
Increase												89.76%	27.90%	32.24%	14.54%	11.33%	5.21%	6.65%		38.47%	<-IRR #YR->	4	Revenue	#DIV/0!	US$
5 year Running Average															$3,316	$4,156.1	$4,810.2	$5,398.2		38.47%	<-IRR #YR->	4	Revenue	#DIV/0!	US$
Revenue per Share											$7.51	$14.25	$9.29	$11.62	$13.13	$13.69	$14.40	$15.36		#NUM!	<-IRR #YR->	10	5 yr Running Average	#DIV/0!	US$
Increase												89.76%	-34.85%	25.14%	12.99%	4.27%	5.21%	6.65%		#NUM!	<-IRR #YR->	5	5 yr Running Average	#DIV/0!	US$
5 year Running Average															$11.16	$12.40	$12.43	$13.64		14.98%	<-IRR #YR->	4	Revenue per Share	#DIV/0!	US$
P/S (Price/Sales) Med											0.00	0.00	2.25	2.97	2.35	2.51	0.00	0.00		14.98%	<-IRR #YR->	4	Revenue per Share	#DIV/0!	US$
P/S (Price/Sales) Close											0.00	1.18	3.14	3.26	2.23	2.44	2.32	2.18		#NUM!	<-IRR #YR->	10	5 yr Running Average	#DIV/0!	US$
*Sales in M US $							P/S Med	20 yr	2.25	15 yr	2.25	10 yr	2.25	5 yr	2.25		8.75%	Diff M/C		#NUM!	<-IRR #YR->	5	5 yr Running Average	#DIV/0!	US$
											-$1,358.0	$0.0	$0.0	$0.0	$4,992.1
											-$1,358.0	$0.0	$0.0	$0.0	$4,992.1
					$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$3,316.2
										$0.0	$0.0	$0.0	$0.0	$0.0	$3,316.2
											-$7.51	$0.00	$0.00	$0.00	$13.13
											-$7.51	$0.00	$0.00	$0.00	$13.13
					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$11.16
										$0.00	$0.00	$0.00	$0.00	$0.00	$11.16
																$7,395	<-12 mths	9.37%
Revenue* CDN$											$1,852.6	$3,346.9	$4,196.2	$5,525.5	$6,761.3	$7,422.0	$7,809.0	$8,328.0		264.96%	<-Total Growth	4	Revenue
Increase												80.66%	25.38%	31.68%	22.37%	9.77%	5.21%	6.65%		38.22%	<-IRR #YR->	4	Revenue	#DIV/0!	CDN$
5 year Running Average															$4,336.5	$5,450.4	$6,342.8	$7,169.2		38.22%	<-IRR #YR->	4	Revenue	#DIV/0!	CDN$
Revenue per Share											$10.25	$18.51	$11.82	$14.73	$17.78	$18.28	$19.24	$20.52		#NUM!	<-IRR #YR->	10	5 yr Running Average	#DIV/0!	CDN$
Increase												80.66%	-36.14%	24.61%	20.71%	2.82%	5.21%	6.65%		#NUM!	<-IRR #YR->	5	5 yr Running Average	#DIV/0!	CDN$
5 year Running Average															$14.62	$16.23	$16.37	$18.11		14.78%	<-IRR #YR->	4	Revenue per Share	#DIV/0!	CDN$
P/S (Price/Sales) Med											0.00	0.00	2.32	3.00	2.23	2.51	0.00	0.00		14.78%	<-IRR #YR->	4	Revenue per Share	#DIV/0!	CDN$
P/S (Price/Sales) Close											0.00	1.21	3.14	3.25	2.22	2.44	2.32	2.18		#NUM!	<-IRR #YR->	10	5 yr Running Average	#DIV/0!	CDN$
*Sales in M CDN $							P/S Med	20 yr	2.23	15 yr	2.23	10 yr	2.23	5 yr	2.23		9.67%	Diff M/C		#NUM!	<-IRR #YR->	5	5 yr Running Average	#DIV/0!	CDN$
											-$1,852.6	$0.0	$0.0	$0.0	$6,761.3
											-$1,852.6	$0.0	$0.0	$0.0	$6,761.3
					$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$4,336.5
										$0.0	$0.0	$0.0	$0.0	$0.0	$4,336.5
											-$10.25	$0.00	$0.00	$0.00	$17.78
											-$10.25	$0.00	$0.00	$0.00	$17.78
					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$14.62
										$0.00	$0.00	$0.00	$0.00	$0.00	$14.62
																$0.58	<-12 mths	61.44%
Adjusted Profit US$													$48.9	$122.3	$131.5					169.17%	<-Total Growth	2	Adjusted Profit US$
Basic													$0.13	$0.34	$0.36					170.95%	<-Total Growth	2	AEPS
AEPS* Dilued													$0.13	$0.34	$0.36	$0.84	$0.94	$1.06		170.95%	<-Total Growth	2	AEPS
Increase														154.02%	6.67%	131.81%	11.61%	13.60%		3	0	3	Years of Data, EPS P or N	100.00%	US$
AEPS Yield													0.46%	0.90%	1.24%	2.51%	2.80%	3.18%		64.61%	<-IRR #YR->	2	AEPS	#DIV/0!	US$
5 year Running Average													$0.03	$0.09	$0.17	$0.33	$0.52	$0.71		64.61%	<-IRR #YR->	2	AEPS	#DIV/0!	US$
Payout Ratio													22.47%	12.97%	12.99%	0.00%	0.00%	0.00%		#NUM!	<-IRR #YR->	7	5 yr Running Average	#DIV/0!	US$
5 year Running Average																	9.69%	5.19%		#NUM!	<-IRR #YR->	5	5 yr Running Average	#DIV/0!	US$
Price/AEPS Median													156.19	101.69	85.27	40.92	0.00	0.00		101.69	<-Median->	3	Price/AEPS Median		US$
Price/AEPS High													218.54	121.41	104.37	46.27	0.00	0.00		121.41	<-Median->	3	Price/AEPS High		US$
Price/AEPS Low													93.84	81.96	66.17	35.58	0.00	0.00		81.96	<-Median->	3	Price/AEPS Low		US$
Price/AEPS Close													218.54	111.60	80.79	39.87	35.73	31.45		111.60	<-Median->	3	Price/AEPS Close		US$
Trailing P/AEPS Close														283.47	86.18	92.43	39.87	35.73		184.83	<-Median->	2	Trailing P/AEPS Close		US$
Median Values				DPR	10 Yrs	12.99%	5 Yrs	12.99%	P/CF	5 Yrs	in order	101.69	121.41	81.96	111.60		-60.79%	Diff M/C					DPR 75% to 95% best		US$
* EPS from TD WebBroker
													-$0.13	$0.00	$0.36
													-$0.13	$0.00	$0.36
								$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.17
										$0.00	$0.00	$0.00	$0.00	$0.00	$0.17
																$0.78	<-12 mths	59.18%
Adjusted Profit CDN$													$62.2	$155.1	$178.1					186.33%	<-Total Growth	2	Adjusted Profit CDN$
Basic													$0.17	$0.43	$0.49					188.24%	<-Total Growth	2	AEPS	TD Banks
AEPS* Dilued													$0.17	$0.43	$0.49	$1.12	$1.25	$1.42		188.24%	<-Total Growth	2	AEPS
Increase														152.94%	13.95%	128.57%	11.61%	13.60%		3	0	3	Years of Data, EPS P or N	100.00%	CDN$
AEPS Yield													0.46%	0.90%	1.24%	2.51%	2.80%	3.18%		69.77%	<-IRR #YR->	2	AEPS	#DIV/0!	CDN$
5 year Running Average													$0.03	$0.12	$0.22	$0.44	$0.69	$0.94		69.77%	<-IRR #YR->	2	AEPS	#DIV/0!	CDN$
Payout Ratio													22.47%	12.97%	12.99%	6.08%	5.56%	4.89%		#NUM!	<-IRR #YR->	7	5 yr Running Average	#DIV/0!	CDN$
5 year Running Average															9.69%	10.90%	12.01%	8.50%		#NUM!	<-IRR #YR->	5	5 yr Running Average	#DIV/0!	CDN$
Price/AEPS Median													161.38	102.74	80.78	40.91	0.00	0.00		102.74	<-Median->	3	Price/AEPS Median		CDN$
Price/AEPS High													218.29	122.67	96.24	46.21	0.00	0.00		122.67	<-Median->	3	Price/AEPS High		CDN$
Price/AEPS Low													104.47	82.81	65.31	35.62	0.00	0.00		82.81	<-Median->	3	Price/AEPS Low		CDN$
Price/AEPS Close													218.29	111.23	80.69	39.85	35.70	31.43		111.23	<-Median->	3	Price/AEPS Close		CDN$
Trailing P/AEPS Close														281.35	91.95	91.08	39.85	35.70		186.65	<-Median->	2	Trailing P/AEPS Close		CDN$
Median Values				DPR	10 Yrs	12.99%	5 Yrs	12.99%	P/CF	5 Yrs	in order	102.74	122.67	82.81	111.23		-61.22%	Diff M/C					DPR 75% to 95% best		CDN$
* EPS from TD WebBroker
													-$0.17	$0.00	$0.49
													-$0.17	$0.00	$0.49
								$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.22
										$0.00	$0.00	$0.00	$0.00	$0.00	$0.22
																-$0.85	<-12 mths	-7.05%
EPS Basic US$											-$1.78	-$1.92	-$2.20	-$1.44	-$0.80					55.23%	<-Total Growth	4	EPS Basic
EPS Diluted*											-$1.78	-$1.92	-$2.20	-$1.44	-$0.80	$0.07	$0.12	$0.14		55.23%	<-Total Growth	4	EPS Diluted
Increase												-8.06%	-14.25%	34.36%	44.76%	108.45%	76.27%	19.76%		0	5	5	Years of Data, EPS P or N	0.00%	US$
Earnings Yield												-11.46%	-7.54%	-3.81%	-2.73%	#DIV/0!	#DIV/0!	#DIV/0!		-18.20%	<-IRR #YR->	4	Earnings per Share	#DIV/0!	US$
5 year Running Average											-$0.36	-$0.74	-$1.18	-$1.47	-$1.63	-$1.26	-$0.85	-$0.38		-18.20%	<-IRR #YR->	4	Earnings per Share	#DIV/0!	US$
10 year Running Average											-$0.18	-$0.37	-$0.59	-$0.73	-$0.81	-$0.81	-$0.80	-$0.78		#NUM!	<-IRR #YR->	10	5 yr Running Average	#DIV/0!	US$
* Diluted ESP per share											E/P	10 Yrs	-5.68%	5Yrs	-5.68%					#NUM!	<-IRR #YR->	5	5 yr Running Average	#DIV/0!	US$
											$1.78	$0.00	$0.00	$0.00	-$0.80
											$1.78	$0.00	$0.00	$0.00	-$0.80
					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$1.63
										$0.00	$0.00	$0.00	$0.00	$0.00	-$1.63
																-$1.14	<-12 mths	-5.56%
EPS Basic CDN$											-$2.43	-$2.50	-$2.80	-$1.83	-$1.08					55.56%	<-Total Growth	4	EPS Basic
EPS Diluted*											-$2.43	-$2.50	-$2.80	-$1.83	-$1.08	$0.09	$0.16	$0.19		55.56%	<-Total Growth	4	EPS Diluted
Increase												-2.88%	-12.00%	34.64%	40.98%	108.33%	76.27%	19.76%		0	5	5	Years of Data, EPS P or N	0.00%	CDN$
Earnings Yield												-11.16%	-7.55%	-3.83%	-2.73%	0.20%	0.36%	0.43%		-18.35%	<-IRR #YR->	4	Earnings per Share	#DIV/0!	CDN$
5 year Running Average											-$0.49	-$0.99	-$1.55	-$1.91	-$2.13	-$1.62	-$1.09	-$0.49		-18.35%	<-IRR #YR->	4	Earnings per Share	#DIV/0!	CDN$
10 year Running Average											-$0.24	-$0.49	-$0.77	-$0.96	-$1.06	-$1.06	-$1.04	-$1.02		#NUM!	<-IRR #YR->	10	5 yr Running Average	#DIV/0!	CDN$
* Diluted ESP per share											E/P	10 Yrs	-5.69%	5Yrs	-5.69%					#NUM!	<-IRR #YR->	5	5 yr Running Average	#DIV/0!	CDN$
											$2.43	$0.00	$0.00	$0.00	-$1.08
											$2.43	$0.00	$0.00	$0.00	-$1.08
					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$2.13
										$0.00	$0.00	$0.00	$0.00	$0.00	-$2.13
Dividend* US$															$0.00	$0.04	$0.04	$0.05			Estimates		Dividend*		US$
Increase															0.00%	0.00%	0.00%	16.67%			Estimates		Increase		US$
Payout Ratio EPS															0.00%	66.67%	37.82%	36.84%			Estimates		Payout Ratio EPS		US$
Special Dividends													$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	3	Special Dividends		US$
Dividend* Paid in US$													$0.03	$0.04	$0.0470	$0.0510	$0.0520	$0.0520		56.67%	<-Total Growth	2	Dividends		US$
Increase													0.00%	46.67%	6.82%	8.51%	1.96%	0.00%		2	0	2	Years of data, Count P, N	100.00%	US$
Average Increases 5 Year Running													0.00%	9.33%	10.70%	12.40%	12.79%	12.79%		9.33%	<-Median->	3	Average Incr 5 Year Running		US$
Dividends 5 Yr Running															$0.02	$0.03	$0.04	$0.05		#DIV/0!	<-Total Growth	0	Dividends 5 Yr Running		US$
Yield H/L Price													0.14%	0.13%	0.15%	0.15%				0.14%	<-Median->	3	Yield H/L Price		US$
Yield on High  Price													0.10%	0.11%	0.12%	0.13%				0.11%	<-Median->	3	Yield on High  Price		US$
Yield on Low Price													0.24%	0.16%	0.20%	0.17%				0.20%	<-Median->	3	Yield on Low Price		US$
Yield on Close Price													0.10%	0.12%	0.16%	0.15%	0.16%	0.16%		0.12%	<-Median->	3	Yield on Close Price		US$
Payout Ratio EPS													-1.36%	-3.05%	-5.89%	75.68%	43.77%	36.55%		-3.05%	<-Median->	3	DPR EPS		US$
DPR EPS 5 Yr Running															-1.49%	-2.73%	-5.27%	-12.86%		-1.49%	<-Median->	1	DPR EPS 5 Yr Running		US$
Payout Ratio CFPS													2.70%	2.33%	2.21%	1.70%	1.52%	#DIV/0!		2.33%	<-Median->	3	DPR CF		US$
DPR CF 5 Yr Running															1.92%	1.87%	1.94%	#DIV/0!		1.92%	<-Median->	1	DPR CF 5 Yr Running		US$
Payout Ratio CFPS WC													2.64%	1.63%	1.47%	1.70%	1.52%	#DIV/0!		1.63%	<-Median->	3	DPR CF WC		US$
DPR CF WC 5 Yr Running															1.40%	1.50%	1.66%	#DIV/0!		1.40%	<-Median->	1	DPR CF WC 5 Yr Running		US$
Median Values			10 Yr Med	10 Yr Cl	0.14%	0.12%	5 Yr Med	5 Yr Cl	0.14%	0.12%	5 Yr Med	Payout	-3.05%	2.33%	1.63%					8.40%	<-IRR #YR->	2	Dividends	#DIV/0!	US$
* Dividends per share			10 Yr Med	and Cur.	8.10%	33.77%	5 Yr Med	and Cur.	8.10%	33.77%	Last Div Inc --->		$0.012	$0.013	8.33%					#NUM!	<-IRR #YR->	10	Dividends	#DIV/0!	US$
Dividends Growth 5													-$0.04	$0.00	$0.05								Dividends Growth 5
Dividends Growth 10					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.05								Dividends Growth 10
Historical Dividends			Historical	High Div	0.21%	Low Div	0.11%	10 Yr High	0.21%	10 Yr Low	0.11%	Med Div	0.14%	Close Div	0.12%								Historical Dividends		US$
High/Ave/Median Values			Curr diff	Exp.	-25.95%	Cheap	41.37%	Exp.	-25.95%		41.37%	Cheap	11.07%	Cheap	33.77%								High/Ave/Median		US$
Future Dividend Yield							Div Yield	0.23%	earning in	5	Years	at IRR of	8.40%	Div Inc.	49.66%								Future Dividend Yield		US$
Future Dividend Yield							Div Yield	0.35%	earning in	10	Years	at IRR of	8.40%	Div Inc.	123.97%								Future Dividend Yield		US$
Future Dividend Yield							Div Yield	0.52%	earning in	15	Years	at IRR of	8.40%	Div Inc.	235.18%								Future Dividend Yield		US$
Future Dividend Paid							Div Paid	$0.08	earning in	5	Years	at IRR of	8.40%	Div Inc.	49.66%								Future Dividend Paid		US$
Future Dividend Paid							Div Paid	$0.12	earning in	10	Years	at IRR of	8.40%	Div Inc.	123.97%								Future Dividend Paid		US$
Future Dividend Paid							Div Paid	$0.17	earning in	15	Years	at IRR of	8.40%	Div Inc.	235.18%								Future Dividend Paid		US$
Dividend Covering Cost							Total Div	$0.31	over	5	Years	at IRR of	8.40%	Div Cov.	0.92%								Dividend Covering Cost		US$
Dividend Covering Cost							Total Div	$0.69	over	10	Years	at IRR of	8.40%	Div Cov.	2.06%								Dividend Covering Cost		US$
Dividend Covering Cost							Total Div	$1.26	over	15	Years	at IRR of	8.40%	Div Cov.	3.77%								Dividend Covering Cost		US$
Dividend* CDN$																$0.06	$0.06	$0.07			Estimates		Dividend*		CDN$
Increase																0.00%	0.00%	16.67%			Estimates		Increase		CDN$
Payout Ratio EPS																66.67%	37.82%	36.84%			Estimates		Payout Ratio EPS		CDN$
Special Dividends CDN$													$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	3	Special Dividends		CDN$
Dividend*													$0.04	$0.06	$0.06	$0.07	$0.07	$0.07		66.66%	<-Total Growth	2	Dividends		CDN$
Increase													0.00%	46.04%	14.11%	7.00%	1.96%	0.00%		2	0	2	Years of data, Count P, N	100.00%	CDN$
Average Increases 5 Year Running																	13.82%	13.82%		#NUM!	<-Median->	0	Average Incr 5 Year Running		CDN$
Dividends 5 Yr Running													$0.01	$0.02	$0.03	$0.05	$0.06	$0.07		#DIV/0!	<-Total Growth	2	Dividends 5 Yr Running		CDN$
Yield H/L Price													0.14%	0.13%	0.16%	0.15%				0.14%	<-Median->	3	Yield H/L Price		CDN$
Yield on High  Price													0.10%	0.11%	0.13%	0.13%				0.11%	<-Median->	3	Yield on High  Price		CDN$
Yield on Low Price													0.22%	0.16%	0.20%	0.17%				0.20%	<-Median->	3	Yield on Low Price		CDN$
Yield on Close Price													0.10%	0.12%	0.16%	0.15%	0.16%	0.16%		0.12%	<-Median->	3	Yield on Close Price		CDN$
Payout Ratio EPS													-1.36%	-3.05%	-5.89%	75.68%	43.77%	36.55%		-3.05%	<-Median->	3	DPR EPS		CDN$
DPR EPS 5 Yr Running															-1.48%	1.75%	-5.41%	-13.21%		-1.48%	<-Median->	1	DPR EPS 5 Yr Running		CDN$
Payout Ratio CFPS													2.70%	2.33%	2.21%	1.70%	1.52%	#DIV/0!		2.33%	<-Median->	3	DPR CF		CDN$
DPR CF 5 Yr Running															1.91%	1.87%	1.93%	#DIV/0!		1.91%	<-Median->	1	DPR CF 5 Yr Running		CDN$
Payout Ratio CFPS WC													2.64%	1.63%	1.47%	1.70%	1.52%	#DIV/0!		1.63%	<-Median->	3	DPR CF WC		CDN$
DPR CF WC 5 Yr Running															1.40%	1.49%	1.66%	#DIV/0!		1.40%	<-Median->	1	DPR CF WC 5 Yr Running		CDN$
Median Values			10 Yr Med	10 Yr Cl	0.14%	0.12%	5 Yr Med	5 Yr Cl	0.14%	0.12%	5 Yr Med	Payout	-3.05%	2.33%	1.63%					11.80%	<-IRR #YR->	2	Dividends	#DIV/0!	CDN$
* Dividends per share			10 Yr Med	and Cur.	11.77%	33.42%	5 Yr Med	and Cur.	11.77%	33.42%	Last Div Inc --->		$0.011	$0.012	9.09%					#NUM!	<-IRR #YR->	10	Dividends	#DIV/0!	CDN$
Dividends Growth 5													-$0.05	$0.00	$0.06								Dividends Growth 5
Dividends Growth 10					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.06								Dividends Growth 10
Historical Dividends			Historical	High Div	0.21%	Low Div	0.10%	10 Yr High	0.21%	10 Yr Low	0.10%	Med Div	0.14%	Close Div	0.12%								Historical Dividends		CDN$
High/Ave/Median Values			Curr diff	Exp.	-25.90%	Cheap	55.60%	Exp.	-25.90%		55.60%	Cheap	11.15%	Cheap	33.42%								High/Ave/Median		CDN$
Future Dividend Yield							Div Yield	$0.00	earning in	5	Years	at IRR of	11.80%	Div Inc.	74.67%								Future Dividend Yield		CDN$
Future Dividend Yield							Div Yield	0.47%	earning in	10	Years	at IRR of	11.80%	Div Inc.	205.10%								Future Dividend Yield		CDN$
Future Dividend Yield							Div Yield	0.83%	earning in	15	Years	at IRR of	11.80%	Div Inc.	432.92%								Future Dividend Yield		CDN$
Future Dividend Paid							Div Paid	$0.12	earning in	5	Years	at IRR of	11.80%	Div Inc.	74.67%								Future Dividend Paid		CDN$
Future Dividend Paid							Div Paid	$0.21	earning in	10	Years	at IRR of	11.80%	Div Inc.	205.10%								Future Dividend Paid		CDN$
Future Dividend Paid							Div Paid	$0.37	earning in	15	Years	at IRR of	11.80%	Div Inc.	432.92%								Future Dividend Paid		CDN$
Dividend Covering Cost							Total Div	$0.44	over	5	Years	at IRR of	11.80%	Div Cov.	0.98%								Dividend Covering Cost		CDN$
Dividend Covering Cost							Total Div	$1.09	over	10	Years	at IRR of	11.80%	Div Cov.	2.43%								Dividend Covering Cost		CDN$
Dividend Covering Cost							Total Div	$2.21	over	15	Years	at IRR of	11.80%	Div Cov.	4.96%								Dividend Covering Cost		CDN$
Yield if held 5 years																		0.25%		#NUM!	<-Median->	0	Paid Median Price		CDN$
Yield if held 10 years																		#DIV/0!		#NUM!	<-Median->	0	Paid Median Price		CDN$
Cost covered if held 5 years																		1.19%		#NUM!	<-Median->	0	Paid Median Price		CDN$
Cost covered if held 10 years																		#DIV/0!		#NUM!	<-Median->	0	Paid Median Price		CDN$
																						Yr	Item	Tot. Growth	Per Year
Revenue Growth US$											$1,358.0	$2,576.9	$3,295.8	$4,358.3	$4,992.1	$16,581.2				267.60%	<-Total Growth	4	Revenue Growth	267.60%	29.74%
AEPS Growth													$0.13	$0.34	$0.36	$0.83				170.95%	<-Total Growth	2	AEPS Growth	170.95%	22.06%
Net Income Growth											-$354.3	-$347.8	-$781.4	-$478.6	-$230.2	-$2,192.4				35.03%	<-Total Growth	4	Net Income Growth	35.03%	6.19%
Cash Flow Growth											$21.6	$193.3	$394.4	$708.2	$809.4	$2,126.9				3655.89%	<-Total Growth	4	Cash Flow Growth	3655.89%	106.51%
Dividend Growth													$0.03	$0.04	$0.05	$0.12				56.67%	<-Total Growth	2	Dividend Growth	56.67%	9.39%
Stock Price Growth												$16.80	$29.18	$37.85	$29.23					73.99%	<-Total Growth	3	Stock Price Growth	73.99%	11.71%
																						Yr	Item	Tot. Growth	Per Year
Revenue Growth CDN$											$1,852.6	$3,346.9	$4,196.2	$5,525.5	$6,761.3	$21,682.5				264.96%	<-Total Growth	4	Revenue Growth	264.96%	29.55%
AEPS Growth													$0.17	$0.43	$0.49	$1.09				188.24%	<-Total Growth	2	AEPS Growth	188.24%	23.58%
Net Income Growth											-$483.4	-$451.7	-$994.9	-$606.8	-$311.8	-$2,848.6				35.50%	<-Total Growth	4	Net Income Growth	35.50%	6.26%
Cash Flow Growth											$29.4	$251.0	$502.2	$897.9	$1,096.3	$2,776.8				3628.91%	<-Total Growth	4	Cash Flow Growth	3628.91%	106.21%
Dividend Growth													$0.04	$0.06	$0.06	$0.16				66.66%	<-Total Growth	2	Dividend Growth	66.66%	10.76%
Stock Price Growth												$22.40	$37.11	$47.83	$39.54					76.52%	<-Total Growth	3	Stock Price Growth	76.52%	12.04%
Dividends on Shares	45.00												$1.72	$2.51	$2.86	$3.06	$3.13	$3.13		$7.09	No of Years	3	Total Dividends	12/31/19
Paid												$1,008.00	$1,669.95	$2,152.35	$1,779.30	$2,008.35	$2,008.35	$2,008.35		$1,779.30	No of Years	3	Worth	$22.40	44.64
Total																				$1,786.39			Total Return
Graham Number CDN$ AEPS													$7.82	$12.21	$13.23	$21.02	$22.20	$23.67		69.12%	<-Total Growth	2	Graham Number AEPS		CDN$
Increase														56.03%	8.39%	58.86%	5.64%	6.58%		32.21%	<-Median->	2	Graham Price		CDN$
Price/GP Ratio Med													3.51	3.62	2.99	2.18	0.00	0.00		3.51	<-Median->	3	Price/GP Ratio Med		CDN$
Price/GP Ratio High													4.74	4.32	3.56	2.46	0.00	0.00		4.32	<-Median->	3	Price/GP Ratio High		CDN$
Price/GP Ratio Low													2.27	2.92	2.42	1.90	0.00	0.00		2.42	<-Median->	3	Price/GP Ratio Low		CDN$
Price/GP Ratio Close													4.74	3.92	2.99	2.12	2.01	1.89		3.92	<-Median->	3	Price/GP Ratio Close		CDN$
Prem/Disc Close													374.35%	291.84%	198.84%	112.34%	100.99%	88.58%		291.84%	<-Median->	3	Graham Price		CDN$
Graham Number CDN$											$5.57	$5.57	$5.69	$7.41	$5.67	$5.96	$7.91	$8.66		1.84%	<-Total Growth	4	Graham Number EPS		CDN$
Increase												0.00%	2.23%	30.25%	-23.52%	5.07%	32.77%	9.44%		1.12%	<-Median->	4	Graham Price		CDN$
Price/GP Ratio Med													4.82	5.96	6.98					5.96	<-Median->	3	Price/GP Ratio Med		CDN$
Price/GP Ratio High													6.52	7.11	8.32					7.11	<-Median->	3	Price/GP Ratio High		CDN$
Price/GP Ratio Low													3.12	4.80	5.64					4.80	<-Median->	3	Price/GP Ratio Low		CDN$
Price/GP Ratio Close													6.52	6.45	6.97	7.49	5.64	5.16		6.52	<-Median->	3	Price/GP Ratio Close		CDN$
Prem/Disc Close											-100.00%	302.30%	551.94%	545.10%	597.30%	649.06%	464.19%	415.54%		545.10%	<-Median->	5	Graham Price		CDN$
Month, Year CDN$	Dec-08	Dec-09	Dec-10	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		2.00	<Count Years>		Month, Year		CDN$
Price Close												$22.40	$37.11	$47.83	$39.54	$44.63	$44.63	$44.63		76.52%	<-Total Growth	3	Stock Price		CDN$
Increase													65.67%	28.89%	-17.33%	12.87%	0.00%	0.00%					CAPE (10 Yr P/E)		CDN$
P/E Ratio												-8.96	-13.25	-26.14	-36.61	495.89	281.32	234.89		20.85%	<-IRR #YR->	3	Stock Price	#DIV/0!	CDN$
Trailing P/E Ratio												-9.22	-14.84	-17.08	-21.61	-41.32	495.89	281.32		20.85%	<-IRR #YR->	3	Stock Price	#DIV/0!	CDN$
CAPE (10 Yr P/E)																	-22.72	-27.52		21.04%	<-IRR #YR->	3	Price & Dividend	#DIV/0!	CDN$
Median 10, 5 Yrs				D.  per yr	0.19%	0.19%	% Tot Ret	0.90%	0.90%	T P/E	-$15.96	-$15.96	P/E:	-$19.70	-$19.70					21.04%	<-IRR #YR->	3	Price & Dividend	#DIV/0!	CDN$
Price  5												-$22.40	$0.00	$0.00	$39.54								Price  5
Price 10												-$22.40	$0.00	$0.00	$39.54								Price 10
Price & Dividend 5												-$22.40	$0.04	$0.06	$39.60								Price & Dividend 5
Price & Dividend 10												-$22.40	$0.04	$0.06	$39.60								Price & Dividend 10
Price H/L Median CDN$													$27.44	$44.18	$39.58	$45.82				44.27%	<-Total Growth	2	Stock Price		CDN$
Increase														61.04%	-10.41%	15.77%				20.11%	<-IRR #YR->	2	Stock Price	#DIV/0!	CDN$
P/E Ratio													-9.80	-24.14	-36.65	509.11				20.11%	<-IRR #YR->	2	Stock Price	#DIV/0!	CDN$
Trailing P/E Ratio													-10.97	-15.78	-21.63	-42.43				20.31%	<-IRR #YR->	2	Price & Dividend	#DIV/0!	CDN$
P/E on Running 5 yr Average													-17.75	-23.11	-18.60	-28.21				20.31%	<-IRR #YR->	2	Price & Dividend	#DIV/0!	CDN$
P/E on Running 10 yr Average													-35.49	-46.21	-37.20	-43.43				-24.14	P/E Ratio		Historical Median		CDN$
Median 10, 5 Yrs				D.  per yr	0.20%	0.20%	% Tot Ret	0.98%	0.98%	T P/E	-15.78	-15.78	P/E:	-24.14	-24.14						Count	2	Years of data		CDN$
													-$27.44	$0.00	$39.58
													-$27.44	$0.00	$39.58
													-$27.44	$0.06	$39.64
													-$27.44	$0.06	$39.64
High Months CDN$													Dec	Nov	Jan	Jul
Price High													$37.11	$52.75	$47.16	$51.75				27.08%	<-Total Growth	2	Stock Price		CDN$
Increase														42.14%	-10.60%	9.73%				12.73%	<-IRR #YR->	2	Stock Price	#DIV/0!	CDN$
P/E Ratio													-13.25	-28.83	-43.67	575.00				12.73%	<-IRR #YR->	2	Stock Price	#DIV/0!	CDN$
Trailing P/E Ratio													-14.84	-18.84	-25.77	-47.92				-28.83	P/E Ratio		Historical Median		CDN$
Median 10, 5 Yrs										T P/E	-18.84	-18.84	P/E:	-28.83	-28.83					#NUM!	P/E Ratio		Historical High		CDN$
													-$37.11	$0.00	$47.16
													-$37.11	$0.00	$47.16
Low Months CDN$													Apr	Jan	Jun	Jan
Price Low													$17.76	$35.61	$32.00	$39.89				80.18%	<-Total Growth	2	Stock Price		CDN$
Increase														100.51%	-10.14%	24.66%				34.23%	<-IRR #YR->	2	Stock Price	#DIV/0!	CDN$
P/E Ratio													-6.34	-19.46	-29.63	443.22				34.23%	<-IRR #YR->	2	Stock Price	#DIV/0!	CDN$
Trailing P/E Ratio													-7.10	-12.72	-17.49	-36.94				-19.46	P/E Ratio		Historical Median		CDN$
Median 10, 5 Yrs										T P/E	-12.72	-12.72	P/E:	-19.46	-19.46					#NUM!	P/E Ratio		Historical Low		CDN$
													-$17.76	$0.00	$32.00
													-$17.76	$0.00	$32.00
Value using exchange rate												$17.25	$29.15	$37.73	$29.19	$33.42	$33.42	$33.42
Month, Year US$	Dec-08	Dec-09	Dec-10	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		2.00	<Count Years>		Month, Year		US$
Price Close												$16.80	$29.18	$37.85	$29.23	$33.44	$33.44	$33.44		73.99%	<-Total Growth	3	Stock Price		US$
Increase													73.69%	29.71%	-22.77%	14.40%	0.00%	0.00%		#NUM!	<-Median->	3	CAPE (10 Yr P/E)		US$
P/E Ratio												-8.73	-13.27	-26.22	-36.66	496.21	281.50	235.05		20.27%	<-IRR #YR->	3	Stock Price	#DIV/0!	US$
Trailing P/E Ratio												-9.43	-15.16	-17.21	-20.25	-41.94	496.21	281.50		20.27%	<-IRR #YR->	3	Stock Price	#DIV/0!	US$
CAPE (10 Yr P/E)																	-22.61	-27.29		20.47%	<-IRR #YR->	3	Price & Dividend	#DIV/0!	US$
Median 10, 5 Yrs				D.  per yr	0.20%	0.20%	% Tot Ret	0.96%	0.96%	T P/E	-$16.19	-$16.19	P/E:	-$19.75	-$19.75					20.47%	<-IRR #YR->	3	Price & Dividend	#DIV/0!	US$
Price  5												-$16.80	$0.00	$0.00	$29.23								Price  5
Price 10												-$16.80	$0.00	$0.00	$29.23								Price 10
Price & Dividend 5												-$16.80	$0.03	$0.04	$29.28								Price & Dividend 5
Price & Dividend 10												-$16.80	$0.03	$0.04	$29.28								Price & Dividend 10
Price H/L Median US$													$20.86	$34.49	$30.85	$34.32				47.93%	<-Total Growth	2	Stock Price		US$
Increase														65.38%	-10.55%	11.25%				21.62%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
P/E Ratio													-9.48	-23.89	-38.69	509.27				21.62%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
Trailing P/E Ratio													-10.83	-15.68	-21.37	-43.04				32.44%	<-IRR #YR->	2	Price & Dividend	#DIV/0!	US$
P/E on Running 5 yr Average													-17.66	-23.47	-18.94	-27.25				32.44%	<-IRR #YR->	2	Price & Dividend	#DIV/0!	US$
P/E on Running 10 yr Average													-35.32	-46.93	-37.87	-42.48				-23.89	P/E Ratio		Historical Median		US$
Median 10, 5 Yrs				D.  per yr	10.81%	10.81%	% Tot Ret	33.33%	33.33%	T P/E	-15.68	-15.68	P/E:	-23.89	-23.89						Count	2	Years of data		US$
													-$20.86	$0.00	$30.85
													-$20.86	$0.00	$30.85
													-$20.86	$0.04	$36.52
													-$20.86	$0.04	$36.52
High Months US$													Dec	Nov	Jan	Jul
Price High													$29.18	$41.18	$37.76	$38.80				29.40%	<-Total Growth	2	Stock Price		US$
Increase														41.12%	-8.31%	2.75%				13.76%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
P/E Ratio													-13.27	-28.53	-47.35	575.75				13.76%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
Trailing P/E Ratio													-15.16	-18.73	-26.16	-48.66				-28.53	P/E Ratio		Historical Median		US$
Median 10, 5 Yrs									T P/E	-16.94	-16.94	P/E:	-20.90	-20.90						#NUM!	P/E Ratio		Historical High		US$
													-$29.18	$0.00	$37.76
													-$29.18	$0.00	$37.76
Low Months US$													Apr	Jan	Oct	Feb
Price Low													$12.53	$27.80	$23.94	$29.84				91.06%	<-Total Growth	2	Stock Price		US$
Increase														121.87%	-13.88%	24.64%				38.22%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
P/E Ratio													-5.70	-19.26	-30.02	442.79				38.22%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
Trailing P/E Ratio													-6.51	-12.64	-16.59	-37.42				-19.26	P/E Ratio		Historical Median		US$
Median 10, 5 Yrs									T P/E	-9.58	-9.58	P/E:	-12.48	-12.48						#NUM!	P/E Ratio		Historical Low		US$
													-$12.53	$0.00	$23.94
													-$12.53	$0.00	$23.94
																$201	<-12 mths	-13.68%
Free Cash Flow US$ Conv												-$159.38	$58.12	$197.98	$233.31	$518.16	$655.19	$758.52		246.39%	<-Total Growth	3	Free Cash Flow		US$
Change													136.47%	240.63%	17.85%	122.09%	26.45%	15.77%		#NUM!	<-IRR #YR->	3	Free Cash Flow MS	#DIV/0!	US$
FCF/CF from Op Ratio												-0.82	0.15	0.28	0.29	0.43	0.47	#DIV/0!		#NUM!	<-IRR #YR->	3	Free Cash Flow MS	#DIV/0!	US$
Dividends paid												$10.09	$14.06	$5.65	$5.29	0.000779	0	0		#DIV/0!	<-Total Growth	3	Dividends paid		US$
Percentage paid												-6.33%	24.19%	2.85%	2.27%	0.00%	0.00%	0.00%		$0.03	<-Median->	4	Percentage paid		US$
5 Year Coverage																4.14%	1.50%	0.46%					5 Year Coverage		US$
Dividend Coverage Ratio												-15.80	4.13	35.03	44.10	665152.75	0.00	0.00		19.58	<-Median->	4	Dividend Coverage Ratio		US$
5 Year of Coverage												-15.80	-4.19	3.25	9.41	24.17	66.51	215.96					5 Year of Caogerage		US$
												$159	$0	$0	$233
												$159	$0	$0	$233
																$269	<-12 mths	-14.88%
Free Cash Flow CDN$ MS												-$207	$74	$251	$316	$692	$875	$1,013		252.66%	<-Total Growth	3	Free Cash Flow		CDN$
Change													135.75%	239.19%	25.90%	118.99%	26.45%	15.77%		#NUM!	<-IRR #YR->	3	Free Cash Flow MS	#DIV/0!	CDN$
FCF/CF from Op Ratio												-0.82	0.15	0.28	0.29	0.43	0.47	#DIV/0!		#NUM!	<-IRR #YR->	3	Free Cash Flow MS	#DIV/0!	CDN$
Dividends paid												$13.10	$17.90	$7.17	$7.17	$27.65	$28.19	$28.19		#DIV/0!	<-Total Growth	3	Dividends paid		CDN$
Percentage paid												-6.33%	24.19%	2.85%	2.27%	4.00%	3.22%	2.78%		$0.03	<-Median->	4	Percentage paid		CDN$
5 Year Coverage															10.44%	6.48%	3.99%	3.13%					5 Year Coverage		CDN$
Dividend Coverage Ratio												-15.80	4.13	35.03	44.10	25.03	31.04	35.93		19.58	<-Median->	4	Dividend Coverage Ratio		CDN$
5 Year of Coverage												-15.80	-4.29	3.09	9.57	15.43	25.07	31.99					5 Year of Coverage		CDN$
												$207	$0	$0	$316
												$207	$0	$0	$316
Market Cap in $M US$												$3,037.3	$10,357.0	$14,196.1	$11,113.6	$13,574.5	$13,574.5	$13,574.5		265.90%	<-Total Growth	3	Market Cap	#DIV/0!	US$
Market Cap in $M CDN$												$4,049.8	$13,171.6	$17,939.2	$15,033.5	$18,116.9	$18,116.9	$18,116.9		271.22%	<-Total Growth	3	Market Cap	#DIV/0!	CDN$
Diluted # of Shares in Million											149.03	180.55	360.38	361.57	367.17	372.78	372.78			146.38%	<-Total Growth	4	Diluted		CDN$
Change												21.15%	99.61%	0.33%	1.55%	1.53%	0.00%			25.29%	<-IRR #YR->	4	Diluted		CDN$
Difference Diluted/Basic											0.00%	0.00%	-1.51%	0.00%	0.00%	-0.96%	-0.96%			25.29%	<-IRR #YR->	4	Diluted		CDN$
Change in Diluted Shares per Year																									CDN$
											-149.0	0.0	0.0	0.0	367.2
											-149.0	0.0	0.0	0.0	367.2
Basic # of Shares in Millions											149.03	180.55	354.93	361.57	367.17	369.20	369.20			146.38%	<-Total Growth	4	Basic		CDN$
Change												21.15%	96.59%	1.87%	1.55%	0.55%	0.00%			11.51%	<-Median->	4	Change		CDN$
Difference											21.31%	0.14%	0.00%	3.73%	3.55%	9.95%	9.95%			3.55%	<-Median->	5	Difference		CDN$
																$855	<-12 mths	5.67%
Preferred Shares													28.571	36.768	36.768	36.768
Multiple Voitng													12.063	12.063	11.813	11.813
Subordinate Voting Shares/Common											180.794	180.794	314.300	326.230	331.630	357.354
# of Share in Millions											180.794	180.794	354.935	375.061	380.211	405.935	405.935	405.935		110.30%	<-Total Growth	4	Shares	#DIV/0!	US$
Change												0.00%	96.32%	5.67%	1.37%	6.77%	0.00%	0.00%		#NUM!	<-IRR #YR->	4	Shares	#DIV/0!	US$
Cash Flow from Operations $M US$											$21.55	$193.26	$394.44	$708.23	$809.44	$1,215.8	$1,389.1			3655.89%	<-Total Growth	4	Cash Flow		US$
Increase												796.73%	104.10%	79.55%	14.29%	50.21%	14.25%			Share Iss	SO, Buybacks		Cl B Shares Conv.		US$
5 year Running Average															$425.4	$664.2	$903.4			#DIV/0!	<-Total Growth	0	CF 5 Yr Running		US$
CFPS											$0.12	$1.07	$1.11	$1.89	$2.13	$3.00	$3.42			1685.97%	<-Total Growth	4	Cash Flow per Share		US$
Increase												796.73%	3.96%	69.92%	12.74%	40.69%	14.25%			147.56%	<-IRR #YR->	4	Cash Flow	#DIV/0!	US$
5 year Running Average															$1.26	$1.84	$2.31			147.56%	<-IRR #YR->	3	Cash Flow	#DIV/0!	US$
P/CF on Med Price												0.00	18.77	18.26	14.49	11.46	0.00			105.57%	<-IRR #YR->	0	Cash Flow per Share	#DIV/0!	US$
P/CF on Closing Price												15.72	26.26	20.04	13.73	11.16	9.77			105.57%	<-IRR #YR->	3	Cash Flow per Share	#DIV/0!	US$
																	-31.83%	Diff M/C		#NUM!	<-IRR #YR->	3	CFPS 5 yr Running	#DIV/0!	US$
																									US$
Excl.Working Capital CF US$											-$0.95	$72.61	$9.58	$303.52	$408.00	$0.00	$0.00			#NUM!	<-IRR #YR->	-1	CFPS 5 yr Running	#DIV/0!	US$
Cash Flow from Operations $M WC											$20.60	$265.86	$404.02	$1,011.75	$1,217.44	$1,215.83	$1,389.09			5810.43%	<-Total Growth	4	Cash Flow less WC		US$
Increase												1190.70%	51.97%	150.42%	20.33%	-0.13%	14.25%			199.12%	<-IRR #YR->	-1	Cash Flow less WC	#DIV/0!	US$
5 year Running Average															$583.9	$823.0	$1,047.6			177.27%	<-IRR #YR->	4	Cash Flow less WC	#DIV/0!	US$
CFPS Excl. WC											$0.11	$1.47	$1.14	$2.70	$3.20	$3.00	$3.42			#NUM!	<-IRR #YR->	4	CF less WC 5 Yr Run	#DIV/0!	US$
Increase												1190.70%	-22.59%	136.98%	18.70%	-6.46%	14.25%			#NUM!	<-IRR #YR->	3	CF less WC 5 Yr Run	#DIV/0!	US$
5 year Running Average															$1.72	$2.30	$2.69			130.25%	<-IRR #YR->	0	CFPS - Less WC	#DIV/0!	US$
P/CF on Median Price												0.00	18.32	12.79	9.63	11.46	0.00			130.25%	<-IRR #YR->	4	CFPS - Less WC	#DIV/0!	US$
P/CF on Closing Price												11.42	25.63	14.03	9.13	11.16	9.77			130.25%	<-IRR #YR->	3	CFPS 5 yr Running	#DIV/0!	US$
*Operational Cash Flow.					CF/-WC	P/CF Med	10 yr	16.38	5 yr	16.38	P/CF Med	10 yr	11.21	5 yr	11.21		-0.40%	Diff M/C		#NUM!	<-IRR #YR->	0	CFPS 5 yr Running	#DIV/0!	US$
																$1,142.3	<-12 mths	4.20%
Cash Flow from Operations $M CDN$											$29.4	$251.0	$502.2	$897.9	$1,096.3	$1,623.7	$1,855.1			3628.91%	<-Total Growth	4	Cash Flow		CDN$
Increase												753.74%	100.08%	78.79%	22.10%	48.11%	14.25%			Share Iss	SO, Buybacks		Cl B Shares Conv.		CDN$
5 year Running Average															$555.4	$874.2	$1,195.1			#DIV/0!	<-Total Growth	0	CF 5 Yr Running		CDN$
CFPS											$0.16	$1.39	$1.41	$2.39	$2.88	$4.00	$4.57			1673.14%	<-Total Growth	4	Cash Flow per Share		CDN$
Increase												753.74%	1.92%	69.20%	20.44%	38.73%	14.25%			147.11%	<-IRR #YR->	4	Cash Flow	#DIV/0!	CDN$
5 year Running Average															$1.65	$2.42	$3.05			147.11%	<-IRR #YR->	4	Cash Flow	#DIV/0!	CDN$
P/CF on Med Price												0.00	19.39	18.45	13.73	11.46	0.00			105.20%	<-IRR #YR->	4	Cash Flow per Share	#DIV/0!	CDN$
P/CF on Closing Price												16.13	26.23	19.98	13.71	11.16	9.77			105.20%	<-IRR #YR->	4	Cash Flow per Share	#DIV/0!	CDN$
																	-30.66%	Diff M/C		#NUM!	<-IRR #YR->	10	CFPS 5 yr Running	#DIV/0!	CDN$
																									CDN$
Excl.Working Capital CF CDN$											-$1.30	$94.30	$12.20	$384.80	$552.60	$0.00	$0.00			#NUM!	<-IRR #YR->	5	CFPS 5 yr Running	#DIV/0!	CDN$
Cash Flow from Operations $M WC											$28.10	$345.30	$514.40	$1,282.70	$1,648.90	$1,623.74	$1,855.13			5767.97%	<-Total Growth	4	Cash Flow less WC		CDN$
Increase												1128.83%	48.97%	149.36%	28.55%	-1.53%	14.25%			176.77%	<-IRR #YR->	4	Cash Flow less WC	#DIV/0!	CDN$
5 year Running Average															$763.9	$1,083.0	$1,385.0			176.77%	<-IRR #YR->	4	Cash Flow less WC	#DIV/0!	CDN$
CFPS Excl. WC											$0.16	$1.91	$1.45	$3.42	$4.34	$4.00	$4.57			#NUM!	<-IRR #YR->	10	CF less WC 5 Yr Run	#DIV/0!	CDN$
Increase												1128.83%	-24.12%	135.98%	26.81%	-7.77%	14.25%			#NUM!	<-IRR #YR->	5	CF less WC 5 Yr Run	#DIV/0!	CDN$
5 year Running Average															$2.25	$3.02	$3.56			129.83%	<-IRR #YR->	4	CFPS - Less WC	#DIV/0!	CDN$
P/CF on Median Price												0.00	18.93	12.92	9.13	11.46	0.00			129.83%	<-IRR #YR->	4	CFPS - Less WC	#DIV/0!	CDN$
P/CF on Closing Price												11.73	25.61	13.99	9.12	11.16	9.77			#NUM!	<-IRR #YR->	10	CFPS 5 yr Running	#DIV/0!	CDN$
*Operational Cash Flow.					CF/-WC	P/CF Med	10 yr	16.09	5 yr	16.09	P/CF Med	10 yr	11.02	5 yr	11.02		1.23%	Diff M/C		#NUM!	<-IRR #YR->	5	CFPS 5 yr Running	#DIV/0!	CDN$
											-180.8	0.0	0.0	0.0	380.2								Shares
											0.0	0.0	0.0	0.0	380.2								Shares
											-$21.6	$0.0	$0.0	$0.0	$809.44								Cash Flow		US$
											-$21.6	$0.0	$0.0	$0.0	$809.44								Cash Flow		US$
											-$0.12	$0.00	$0.00	$0.00	$2.13								Cash Flow per Share		US$
											-$0.12	$0.00	$0.00	$0.00	$2.13								Cash Flow per Share		US$
					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.26								CFPS 5 yr Running		US$
										$0.00	$0.00	$0.00	$0.00	$0.00	$1.26								CFPS 5 yr Running		US$
											-$20.6	$0.0	$0.0	$0.0	$1,648.9								Cash Flow less WC		US$
											-$20.6	$0.0	$0.0	$0.0	$1,217.4								Cash Flow less WC		US$
					$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$583.9								CF less WC 5 Yr Run		US$
										$0.0	$0.0	$0.0	$0.0	$0.0	$583.9								CF less WC 5 Yr Run		US$
											-$0.11	$0.00	$0.00	$0.00	$3.20								CFPS - Less WC		US$
											-$0.11	$0.00	$0.00	$0.00	$3.20								CFPS - Less WC		US$
					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.72								CFPS 5 yr Running		US$
										$0.00	$0.00	$0.00	$0.00	$0.00	$1.72								CFPS 5 yr Running		US$
											-$29.4	$0.0	$0.0	$0.0	$1,096.30								Cash Flow		US$
											-$29.4	$0.0	$0.0	$0.0	$1,096.30								Cash Flow		CDN$
											-$0.16	$0.00	$0.00	$0.00	$2.88								Cash Flow per Share		CDN$
											-$0.16	$0.00	$0.00	$0.00	$2.88								Cash Flow per Share		CDN$
					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.65								CFPS 5 yr Running		CDN$
										$0.00	$0.00	$0.00	$0.00	$0.00	$1.65								CFPS 5 yr Running		CDN$
											-$28.1	$0.0	$0.0	$0.0	$1,648.9								Cash Flow less WC		CDN$
											-$28.1	$0.0	$0.0	$0.0	$1,648.9								Cash Flow less WC		CDN$
					$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$763.9								CF less WC 5 Yr Run		CDN$
										$0.0	$0.0	$0.0	$0.0	$0.0	$763.9								CF less WC 5 Yr Run		CDN$
											-$0.16	$0.00	$0.00	$0.00	$4.34								CFPS - Less WC		CDN$
											-$0.16	$0.00	$0.00	$0.00	$4.34								CFPS - Less WC		CDN$
					$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.25								CFPS 5 yr Running		CDN$
										$0.00	$0.00	$0.00	$0.00	$0.00	$2.25								CFPS 5 yr Running		CDN$
Change in Working Capital
accts Pay & Accr Liab											$79.8	$13.3	$83.4	$114.3	$160.4
Trade & other Rec											-$55.3	-$57.3	-$77.7	-$138.0	-$221.0
Prepaid Expenses											-$13.5	-$30.6	-$0.5	-$22.4	-$24.9
Income Taxes Payble											$3.0	-$0.3
Interest paid in Cash on Notes														-$4.2	-$2.0
Interest paid in Cash														-$286.4	-$413.2
Income Tax paid												-$4.1	$4.3	-$11.0	-$24.4
Landfill											-$12.7	-$15.3	-$21.7	-$37.1	-$27.5
																							Generally not part of WC
Sum										$0.0	$1.3	-$94.3	-$12.2	-$384.8	-$552.6
Google --> TD 2017										-$33	$1	-$90	-$17	-$83	-$553
Difference										$33	$0	-$4	$5	-$302	$0
Revised											$2	-$94	-$12	-$385
Difference											-$1	$0	$0	$0
Year											2023	2023	2023	2023	2023
OPM Ratio CDN$											1.59%	7.50%	11.97%	16.25%	16.21%	21.88%				921.72%	<-Total Growth	4	OPM		CDN$
Increase												372.57%	59.58%	35.78%	-0.22%	34.93%					Should increase		or be stable.		CDN$
Diff from Median											-86.7%	-37.3%	0.0%	35.8%	35.5%	82.8%				0.00	<-Median->	5	OPM		CDN$
*Operational Profit Margin (CF/Revenue) Ratio											OPM	10 Yrs	11.97%	5 Yrs	11.97%					should be	zero, it is a		check on calculations		CDN$
																$1,418.4	<-12 mths	11.64%
Adjusted EBITDA US$											$206.7	$635.7	$845.7	$1,154.5	$1,270.5					514.63%	<-Total Growth	4	Adjusted EBITDA US$
Change												207.55%	33.02%	36.52%	10.05%					34.77%	<-Median->	4	Change
																$1,894.3	<-12 mths	10.08%
Adjusted EBITDA CDN$$											$282.0	$825.7	$1,076.7	$1,463.7	$1,720.8					510.21%	<-Total Growth	4	Adjusted EBITDA CDN$$
Change												192.80%	30.40%	35.94%	17.57%					33.17%	<-Median->	4	Change
Long Term Debt US$												$5,821.3	$4,839.4	$6,280.0	$6,828.8	$5,906.4							Bank Debt		US$
Change													-16.87%	29.77%	8.74%	-13.51%				8.74%	<-Median->	3	Change		US$
Debt/Market Cap Ratio												1.92	0.47	0.44	0.61	0.44				0.54	<-Median->	4	Debt/Market Cap Ratio		US$
Assets/Current Liabilities Ratio												14.25	13.18	12.07	7.34	9.92				12.63	<-Median->	4	Assets/Current Liabilities Ratio		US$
Debt to Cash Flow (Years)												30.12	12.27	8.87	8.44	4.86				10.57	<-Median->	4	Debt to Cash Flow (Years)		US$
Long Term Debt CDN$												$7,560.7	$6,161.5	$7,961.8	$9,248.9	$7,888.0							Bank Debt		CDN$
Change													-18.51%	29.22%	16.17%	-14.71%				16.17%	<-Median->	3	Change		CDN$
Debt/Market Cap Ratio												1.87	0.47	0.44	0.62	0.44				0.54	<-Median->	4	Debt/Market Cap Ratio		CDN$
Assets/Current Liabilities Ratio												14.25	13.18	12.07	7.34	9.92				12.63	<-Median->	4	Assets/Current Liabilities Ratio		CDN$
Debt to Cash Flow (Years)												30.12	12.27	8.87	8.44	4.86				10.57	<-Median->	4	Debt to Cash Flow (Years)		CDN$
Intangibles US$												$2,192.79	$2,429.63	$2,628.96	$2,395.89	$2,207.5				9.26%	<-Total Growth	3	Intangibles		US$
Goodwill												$3,983.52	$5,105.56	$5,916.63	$6,041.35	$5,563.7				51.66%	<-Total Growth	3	Goodwill		US$
Total												$6,176.32	$7,535.19	$8,545.59	$8,437.2	$7,771.2				36.61%	<-Total Growth	3	Total		US$
Change												0.00%	22.00%	13.41%	-1.27%	-7.89%				7%	<-Median->	4	Change		US$
Intangible/Market Cap Ratio												2.03	0.73	0.60	0.76	0.57				74%	<-Median->	4	Intangible/Market Cap Ratio		US$
Intangibles CDN$												$2,848.0	$3,093.4	$3,333.0	$3,245.0	$2,948.10				13.94%	<-Total Growth	3	Intangibles		CDN$
Goodwill												$5,173.8	$6,500.4	$7,501.1	$8,182.4	$7,430.30				58.15%	<-Total Growth	3	Goodwill		CDN$
Total												$8,021.8	$9,593.8	$10,834.1	$11,427.4	$10,378.4				42.45%	<-Total Growth	3	Total		CDN$
Change												0.00%	19.60%	12.93%	5.48%	-9.18%				9.20%	<-Median->	4	Change		CDN$
Intangible/Market Cap Ratio												1.98	0.73	0.60	0.76	0.57				0.74	<-Median->	4	Intangible/Market Cap Ratio		CDN$
Current Assets US$												$1,093.5	$807.6	$1,179.8	$1,021.2	$1,083.0				-6.62%	<-Total Growth	3	Current Assets		US$
Current Liabilities												$666.1	$937.2	$1,200.8	$1,987.7	$1,400.5				198.41%	<-Total Growth	3	Current Liabilities		US$
Liquidity Ratio												1.64	0.86	0.98	0.51	0.77				0.92	<-Median->	4	Ratio		US$
Assets US$												$9,488.6	$12,354.7	$14,492.6	$14,595.1	$13,895.8				53.82%	<-Total Growth	3	Assets		US$
Liabilities												$7,357.5	$7,894.0	$9,936.6	$10,132.5	$8,555.9				37.72%	<-Total Growth	3	Liabilities		US$
Debt Ratio												1.29	1.57	1.46	1.44	1.62				1.45	<-Median->	4	Ratio		US$
Estimates BVPS																$14.00	$13.85	$13.70			Estimates		Estimates BVPS
Estimate Book Value																$5,684.0	$5,623.2	$5,562.4			Estimates		Estimate Book Value
P/B Ratio (Close)																2.39	2.41	2.44			Estimates		P/B Ratio (Close)
Difference from 10 year median																	11.32%	Diff M/C			Estimates		Difference from 10 yr med.
Check on BV.												$2,131.1	$4,460.7	$4,556.0	$4,457.5	$5,339.9
Book Value US$												$2,131.1	$4,460.7	$4,556.0	$4,462.6	$5,339.9
NCI												$0.0	$0.0	$0.0	$5.1	$11.4
Book Value US$											$2,131.1	$2,131.1	$4,460.7	$4,556.0	$4,457.5	$5,328.5	$5,328.5	$5,328.5					Book Value		US$
Book Value per share											$11.79	$11.79	$12.57	$12.15	$11.72	$13.13	$13.13	$13.13		-0.54%	<-Total Growth	4	Book Value per Share		US$
Increase													6.62%	-3.34%	-3.49%	11.97%	0.00%	0.00%		18.74%	P/B Ratio		Current/Historical Median		US$
P/B Ratio (Median)												0.00	1.66	2.84	2.63	2.61				2.15	P/B Ratio		Historical Median		US$
P/B Ratio (Close)												1.43	2.32	3.12	2.49	2.55	2.55	2.55		-0.18%	<-IRR #YR->	3	Book Value per Share	#DIV/0!	US$
Change													62.91%	34.20%	-19.98%	2.18%	0.00%	0.00%		-0.18%	<-IRR #YR->	3	Book Value per Share	#DIV/0!	US$
Leverage (A/BK)												4.45	2.77	3.18	3.27	2.61				3.23	<-Median->	4	A/BV		US$
Debt/Equity Ratio												3.45	1.77	2.18	2.27	1.61				2.23	<-Median->	4	Debt/Eq Ratio		US$
Shareholders' Equity (Assets less Liabilities)											P/BV	10 yr Med	2.15	5 yr Med	2.15		18.74%	Diff M/C		3.23	Historical		Leverage (A/BK)		US$
												-$11.79	$0.00	$0.00	$11.72
												-$11.79	$0.00	$0.00	$11.72
Current Assets CDN$												$1,420.3	$1,028.2	$1,495.7	$1,383.1	$1,446.3				-2.62%	<-Total Growth	3	Current Assets		CDN$
Current Liabilities												$865.1	$1,193.3	$1,522.4	$2,692.1	$1,870.4				211.19%	<-Total Growth	3	Current Liabilities		CDN$
Liquidity Ratio												1.64	0.86	0.98	0.51	0.77				0.92	<-Median->	4	Ratio		CDN$
Liq. with CF aft div												1.93	1.27	1.56	0.91	1.63				1.41	<-Median->	4	Ratio	If Div = 0	CDN$
Liq. CF re  Inv+Div												0.83	0.27	0.56	0.55	1.63				0.56	<-Median->	4	Ratio		CDN$
Assets CDN$												$12,323.8	$15,730.0	$18,373.7	$19,767.6	$18,557.8				60.40%	<-Total Growth	3	Assets		CDN$
Liabilities												$9,555.9	$10,050.7	$12,597.6	$13,723.5	$11,426.4				43.61%	<-Total Growth	3	Liabilities		CDN$
Debt Ratio												1.29	1.57	1.46	1.44	1.62				1.45	<-Median->	4	Ratio		CDN$
Estimates BVPS																$18.70	$18.50	$18.30			Estimates		Estimates BVPS
Estimate Book Value																$7,591.0	$7,509.8	$7,428.6			Estimates		Estimate Book Value
P/B Ratio (Close)																2.39	2.41	2.44			Estimates		P/B Ratio (Close)
Difference from 10 year median																	13.45%	Diff M/C			Estimates		Difference from 10 yr med.
Check on BV.												$2,767.9	$5,679.3	$5,776.1	$6,037.2	$7,131.4							Check on BV.
Book Value CDN$												$2,767.9	$5,679.3	$5,776.1	$6,044.1	$7,131.4				118.36%	<-Total Growth	3	Book Value CDN$
NCI												$0.0	$0.0	$0.0	$6.9	$15.2							NCI
Book Value CDN$											$2,767.9	$2,767.9	$5,679.3	$5,776.1	$6,037.2	$7,116.2	$7,116.2	$7,116.2		118.11%	<-Total Growth	4	Book Value		CDN$
Book Value per share											$15.31	$15.31	$16.00	$15.40	$15.88	$17.53	$17.53	$17.53		3.72%	<-Total Growth	4	Book Value per Share		CDN$
Increase													4.52%	-3.75%	3.10%	10.40%	0.00%	0.00%		21.02%	P/B Ratio		Current/Historical Median		CDN$
P/B Ratio (Median)												0.00	1.71	2.87	2.49	2.61				2.10	P/B Ratio		Historical Median		CDN$
P/B Ratio (Close)												1.46	2.32	3.11	2.49	2.55	2.55	2.55		1.22%	<-IRR #YR->	3	Book Value per Share	#DIV/0!	CDN$
Change													58.51%	33.91%	-19.82%	2.24%	0.00%	0.00%		1.22%	<-IRR #YR->	3	Book Value per Share	#DIV/0!	CDN$
Leverage (A/BK)												4.45	2.77	3.18	3.27	2.61				3.23	<-Median->	4	A/BV		CDN$
Debt/Equity Ratio												3.45	1.77	2.18	2.27	1.61				2.23	<-Median->	4	Debt/Eq Ratio		CDN$
Shareholders' Equity (Assets less Liabilities)											P/BV	10 yr Med	2.10	5 yr Med	2.10		21.02%	Diff M/C		3.23	Historical		Leverage (A/BK)		CDN$
												-$15.31	$0.00	$0.00	$15.88
												-$15.31	$0.00	$0.00	$15.88
																-$183.90	<-12 mths	-444.98%
Comprehensive Income US$											-$313.3	-$379.8	-$969.0	-$488.2	$54.0
NIC											$0.00	$0.00	$0.00	$0.00	$0.66
Shareholders US$											-$313.3	-$379.8	-$969.0	-$488.2	$53.3					117.02%	<-Total Growth	4	Comprehensive Income		US$
Increase												-21.23%	-155.12%	49.61%	110.92%					14.19%	<-Median->	4	Comprehensive Income		US$
5 Yr Running Average											-$62.66	-$138.62	-$332.42	-$430.07	-$419.40					#NUM!	<-IRR #YR->	4	Comprehensive Income	#DIV/0!	US$
ROE											-14.7%	-17.8%	-21.7%	-10.7%	1.2%					#NUM!	<-IRR #YR->	4	Comprehensive Income	#DIV/0!	US$
5Yr Median											-14.7%	-16.3%	-17.8%	-16.3%	-14.7%					#NUM!	<-IRR #YR->	10	5 Yr Running Average	#DIV/0!	US$
% Difference from Net Income											11.58%	-9.21%	-24.00%	-2.01%	123.16%					#NUM!	<-IRR #YR->	5	5 Yr Running Average	#DIV/0!	US$
Median Values												Diff	5, 10 yr	-2.0%	-2.0%					-14.7%	<-Median->	5	Return on Equity
											$313.3	$0.0	$0.0	$0.0	$53.3
											$313.3	$0.0	$0.0	$0.0	$53.3
					$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$419.4
										$0.0	$0.0	$0.0	$0.0	$0.0	-$419.4
Current Liability Coverage Ratio												0.40	0.43	0.84	0.61	0.87							CFO / Current Liabilities		US$
5 year Median												0.40	0.42	0.43	0.52	0.61				0.52	<-Median->	4	Current Liability Cov Ratio		US$
Asset Efficiency Ratio												2.80%	3.27%	6.98%	8.34%	8.75%							CFO / Total Assets		US$
5 year Median																6.98%				5.1%	<-Median->	4	Return on Assets		US$
Return on Assets ROA												-3.67%	-6.32%	-3.30%	-1.58%	0.31%				Net	Income/Assets		Return on Assets		US$
5Yr Median																-3.30%				-3.5%	<-Median->	4	Asset Efficiency Ratio		US$
Return on Equity ROE											-16.63%	-16.32%	-17.52%	-10.51%	-5.16%	0.82%				Net Inc/	Shareholders' equity		Return on Equity		US$
5Yr Median																-10.51%				-16.3%	<-Median->	5	Return on Equity		US$
																-$245.60	<-12 mths	-6.68%
Net Income US$											-$354.3	-$347.8	-$781.4	-$478.6	-$229.7
NCI											$0.00	$0.00	$0.00	$0.00	$0.52
Shareholdersd US$											-$354.3	-$347.8	-$781.4	-$478.6	-$230.2	$43.5	$48.2	$290.5		33.81%	<-Total Growth	4	Net Income		US$
Increase												1.85%	-124.69%	38.75%	51.90%	118.90%	10.84%	502.48%		EPS/CF Ratio should not be higher than 1.00					US$
5 Yr Running Average											-$71	-$140	-$297	-$392	-$438	-$359	-$280	-$65		-10.22%	<-IRR #YR->	4	Net Income	#DIV/0!	US$
Operating Cash Flow											$21.6	$193.3	$394.4	$708.2	$809.4					-10.22%	<-IRR #YR->	4	Net Income	#DIV/0!	US$
Investment Cash Flow											-$5,261.5	-$891.8	-$3,419.3	-$2,119.6	-$1,280.4					#NUM!	<-IRR #YR->	10	5 Yr Running Average	#DIV/0!	US$
Total Accruals											$4,885.6	$350.8	$2,243.5	$932.7	$240.8					#NUM!	<-IRR #YR->	5	5 Yr Running Average	#DIV/0!	US$
Total Assets											$0.0	$9,488.6	$12,354.7	$14,492.6	$14,595.1						Balance Sheet		Assets		US$
Accruals Ratio												3.70%	18.16%	6.44%	1.65%					5.07%	<-Median->	5	Ratio		US$
EPS/CF Ratio (WC)											-15.63	-1.31	-1.93	-0.54	-0.25					-1.31	<-Median->	5	EPS/CF Ratio		US$
											$354.3	$0.0	$0.0	$0.0	-$230.2
											$354.3	$0.0	$0.0	$0.0	-$230.2
					$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$438.5
										$0.0	$0.0	$0.0	$0.0	$0.0	-$438.5
Financial Cash Flow US$											$5,242.5	$1,132.2	$2,622.0	$1,549.7	$420.1						C F Statement		Financial Cash Flow		CDN$
Total Accruals											-$356.8	-$781.4	-$378.5	-$617.0	-$179.3								Accruals		CDN$
Accruals Ratio											#DIV/0!	-8.24%	-3.06%	-4.26%	-1.23%					#DIV/0!	<-Median->	4	Ratio		CDN$
								Yes 0
																-$174.00	<-12 mths	-341.00%
Comprehensive Income CDN$											-$427.4	-$493.3	-$1,233.7	-$619.0	$73.1
NCI											$0.0	$0.0	$0.0	$0.0	$0.9
Shareholders CDN$											-$427.4	-$493.3	-$1,233.7	-$619.0	$72.2					114.64%	<-Total Growth	4	Comprehensive Income		CDN$
Increase												-15.42%	-150.09%	49.83%	111.66%					17.20%	<-Median->	4	Comprehensive Income		CDN$
5 Yr Running Average											-$85.48	-$184.14	-$430.88	-$554.68	-$540.24					#NUM!	<-IRR #YR->	4	Comprehensive Income	#DIV/0!	CDN$
ROE											-15.4%	-17.8%	-21.7%	-10.7%	1.2%					#NUM!	<-IRR #YR->	4	Comprehensive Income	#DIV/0!	CDN$
5Yr Median											-15.4%	-16.6%	-17.8%	-16.6%	-15.4%					#NUM!	<-IRR #YR->	10	5 Yr Running Average	#DIV/0!	CDN$
% Difference from Net Income											11.58%	-9.21%	-24.00%	-2.01%	123.16%					#NUM!	<-IRR #YR->	5	5 Yr Running Average	#DIV/0!	CDN$
Median Values												Diff	5, 10 yr	-2.0%	-2.0%					-15.4%	<-Median->	5	Return on Equity
											$427.4	$0.0	$0.0	$0.0	$72.2
											$427.4	$0.0	$0.0	$0.0	$72.2
					$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$540.2
										$0.0	$0.0	$0.0	$0.0	$0.0	-$540.2
Current Liability Coverage Ratio												0.40	0.43	0.84	0.61	0.87							CFO / Current Liabilities		CDN$
5 year Median																0.61				0.52	<-Median->	4	Current Liability Cov Ratio		CDN$
Asset Efficiency Ratio												2.80%	3.27%	6.98%	8.34%	8.75%							CFO / Total Assets		CDN$
5 year Median																6.98%				5.1%	<-Median->	4	Return on Assets		CDN$
Return on Assets ROA												-3.67%	-6.32%	-3.30%	-1.58%	0.31%				Net	Income/Assets		Return on Assets		CDN$
5Yr Median																-3.30%				-3.5%	<-Median->	4	Asset Efficiency Ratio		CDN$
Return on Equity ROE											-17.46%	-16.32%	-17.52%	-10.51%	-5.16%	0.82%				Net Inc/	Shareholders' equity		Return on Equity		CDN$
5Yr Median																-10.51%				-16.3%	<-Median->	5	Return on Equity		CDN$
																-$328.0	<-12 mths	-5.20%
Net Income CDN$											-$483.4	-$451.7	-$994.9	-$606.8	-$311.1
NCI											$0.0	$0.0	$0.0	$0.0	$0.7
Shareholders CDN$											-$483.4	-$451.7	-$994.9	-$606.8	-$311.8	$58.1	$64.4	$388.0		30.97%	<-Total Growth	4	Net Income		CDN$
Increase												6.56%	-120.26%	39.01%	48.62%	118.63%	10.84%	502.48%		EPS/CF Ratio should not be higher than 1.00					CDN$
5 Yr Running Average															-$570	-$461	-$358	-$82		-10.38%	<-IRR #YR->	4	Net Income	#DIV/0!	CDN$
Operating Cash Flow											$29.4	$251.0	$502.2	$897.9	$1,096.3					-10.38%	<-IRR #YR->	4	Net Income	#DIV/0!	CDN$
Investment Cash Flow											-$7,177.8	-$1,158.3	-$4,353.5	-$2,687.2	-$1,734.2					#NUM!	<-IRR #YR->	10	5 Yr Running Average	#DIV/0!	CDN$
Total Accruals											$6,665.0	$455.6	$2,856.4	$1,182.5	$326.1					#NUM!	<-IRR #YR->	5	5 Yr Running Average	#DIV/0!	CDN$
Total Assets											$0.0	$12,323.8	$15,730.0	$18,373.7	$19,767.6						Balance Sheet		Assets		CDN$
Accruals Ratio												3.70%	18.16%	6.44%	1.65%					5.07%	<-Median->	5	Ratio		CDN$
EPS/CF Ratio (WC)											-15.63	-1.31	-1.93	-0.54	-0.25					-1.31	<-Median->	5	EPS/CF Ratio		CDN$
											$483.4	$0.0	$0.0	$0.0	-$311.8
											$483.4	$0.0	$0.0	$0.0	-$311.8
					$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$569.7
										$0.0	$0.0	$0.0	$0.0	$0.0	-$569.7
Change in Close													65.67%	28.89%	-17.33%	12.87%	0.00%	0.00%			Count	4	Years of data		CDN$
up/down													up	up	up						Count	3	75.00%		CDN$
Meet Prediction?													Yes	Yes						% right	Count	2	66.67%		CDN$
Financial Cash Flow CDN$											$7,151.8	$1,470.5	$3,338.3	$1,964.7	$569.0						C F Statement		Financial Cash Flow		CDN$
Total Accruals											-$486.8	-$1,014.9	-$481.9	-$782.2	-$242.9								Accruals		CDN$
Accruals Ratio												-8.24%	-3.06%	-4.26%	-1.23%					-3.66%	<-Median->	4	Ratio		CDN$
Cash US$											$54.537	$442.562	$21.363	$150.181	$60.617	$232.4							Cash		US$
Cash per Share											$0.30	$2.45	$0.06	$0.40	$0.16	$0.57				$0.30	<-Median->	5	Cash per Share		US$
Percentage of Stock Price												14.57%	0.21%	1.06%	0.55%	1.71%				0.80%	<-Median->	5	% of Stock Price		US$
Cash CDN$											$74.4	$574.8	$27.2	$190.4	$82.100	$310.4							Cash		CDN$
Cash per Share											$0.41	$3.18	$0.08	$0.51	$0.22	$0.76				$0.41	<-Median->	5	Cash per Share		CDN$
Percentage of Stock Price												14.19%	0.21%	1.06%	0.55%	1.71%				0.80%	<-Median->	5	% of Stock Price		CDN$
Notes:
August 7, 2023.  Last estimates were in CDN$ and were for 2022, 2023 and 2024 of $6488M, $7016M and $7457M for Revenue, $0.72, $1.01 and $1.15 for AEPS,
-$.03, -$0.4 and $0.37 for EPS, $0.04, $0.05 and $0.05 probably US$, $616M, $752M and $908M for FCF, $3.32 for 2022 for CFPS, -$24.7M, -$71.7M, $137M for Net Income.
This stock came on TSX in 3 March 2020
Shares
Multiple Voting shares and Suordinated Voting Shares, plus Preferred Shares were introduced in 2020.
Multiple Voting shares have 10 votes per share and Suordinated Voting Shares have 1 vote per share
Both the Multiple Voitng Shares and the Preferred Shares are convertible into Subordinated Voting Shares.
Sector:
Industrial, Services
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock.
GFL Environmental (TSX:GFL) is small, pays dividend and talked about by Amy Legate-Wolfe on
<a href="https://www.fool.ca/2021/10/05/3-hot-stocks-to-watch-in-october/" target="_top" >Motley Fool</a>
Dividends
Dividends are paid quarterly in Cycle 1 of January, April, July and October.  Dividends are generally declared in one month for shareholders of record of the same month and paid in that month.
For example, the dividends declared on January 7, 2021 was for shareholders of record of January 19, 2021 and paid on January 29, 2021
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.
GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation,
and liquid waste management services. GFL's geographical segments are Canada and the United States.
Shares; '%, Value $M					From	Years	Div. Gth	Tot Ret	Cap Gain	Div.	CDN$			Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date					2019	2	10.00%	46.30%	46.13%	0.17%	46.30%			Aug	2021	Aug 17	2022			May 30	2022
Dovigi, Patrick Joseph														0.000	0.00%	0.000	0.00%			11.813	2.91%	M		#DIV/0!
CEO - Shares - Amount					From	Years	Div. Gth	Tot Ret	Cap Gain	Div.	US$				$0.000		$0.000				$527.213	M
Subordinate Shares					2019	2	10.00%	50.28%	50.10%	0.18%	50.28%			0.000	0.00%	0.000	0.00%			0.000	0.00%			0.00%
Shares - Amount															$0.000		$0.000				$0.000
Options - percentage					From	Years	Div. Gth	Tot Ret	Cap Gain	Div.	CDN$			22.143	5.90%	17.262	4.54%			17.262	4.25%			0.00%
Options - amount					2019	3	10.00%	21.04%	20.85%	0.17%	21.02%				$1,059.077		$682.550				$770.415
						.
Pelosi, Jonathan Luke					From	Years	Div. Gth	Tot Ret	Cap Gain	Div.	US$			0.356	0.09%	0.389	0.10%			0.336	0.08%			-13.80%
CFO - Shares - Amount					2019	3	10.00%	20.47%	20.27%	0.18%	20.45%				$17.022		$15.398				$14.981
Options - percentage														2.382	0.64%	2.382	0.63%			2.369	0.58%			-0.58%
Options - amount															$113.944		$94.196				$105.710
Gilberet, Mindy Beth														0.092	0.02%	0.092	0.02%			0.080	0.02%			-13.01%
Officer - Shares - Amount															$4.411		$3.646				$3.580
Options - percentage														0.852	0.23%	0.856	0.23%			0.856	0.21%			0.01%
Options - amount															$40.739		$33.856				$38.219
Poole, Ven														10.919	2.91%	10.666	2.81%			10.400	2.56%			-2.49%
Director - Shares - Amount															$522.256		$421.727				$464.152
Options - percentage														0.008	0.00%	0.013	0.00%			0.018	0.00%			38.57%
Options - amount															$0.396		$0.520				$0.814
Nayar, Arun														0.046	0.01%	0.056	0.01%			0.056	0.01%			0.00%
Director - Shares - Amount															$2.217		$2.228				$2.515
Options - percentage														0.008	0.00%	0.013	0.00%			0.018	0.00%			38.57%
Options - amount															$0.396		$0.520				$0.814
Dino Chiesa														0.019	0.01%	0.019	0.00%			0.019	0.00%			0.00%
Independent Chairman - Shares - Amt															$0.904		$0.747				$0.843
Options - percentage														0.008	0.00%	0.013	0.00%			0.018	0.00%			38.57%
Options - amount															$0.396		$0.520				$0.814
Name
10% Holder - Shares - Amt
Options - percentage
Options - amount
Increase in O/S Shares														0.000	0.00%	1.010	0.27%			1.181	0.31%
Due to Stock Options															$0.000		$38.224				$46.708
Book Value															$0.000		$5.400				$23.100
Insider Buying															-$0.350		-$1.292				-$0.583
Insider Selling															$40.479		$89.681				$5.207
Net Insider Selling															$40.129		$88.389				$4.624
Net Selling % of Market Cap															0.27%		0.59%				0.03%
Directors																9				9
Women																2	22%			3	33%
Minorities																0	0%			0	0%
Institutions/Holdings																20	50.68%			20	15.51%
Total Shares Held																173.474	45.63%			57.257	14.10%
Increase/Decrease 3 Mths																1.608	0.94%			11.825	26.03%
Starting No. of Shares																171.867	MS Top 20			45.432	MS Top 20
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