ncome Statement All numbers in thousands Breakdown TTM 12/31/2022 12/31/2021 12/31/2020 12/31/2019 > Total Revenue 4,824,698 4,824,698 3,758,144 2,659,478 2,293,798 Cost of Revenue 3,286,683 3,286,683 2,483,697 1,732,522 1,488,198 Gross Profit 1,538,015 1,538,015 1,274,447 926,956 805,600 > Operating Expense 965,049 965,049 732,131 547,632 502,750 Operating Income 572,966 572,966 542,316 379,324 302,850 > Net Non Operating Interest Inc... 10,025 10,025 1,727 3,822 8,725 > Other Income Expense -75,733 -75,733 -7,197 4,667 -12,049 Pretax Income 507,258 507,258 533,392 378,479 299,526 Tax Provision 87,842 87,842 51,740 51,319 38,469 > Net Income Common Stockhold... 419,416 419,416 481,652 327,160 261,057 Diluted NI Available to Com Stock.. 419,416 419,416 481,652 327,160 261,057 Basic EPS 7.32 8.52 5.87 4.77 Diluted EPS 7.09 8.15 5.60 4.53 Basic Average Shares 57,291 56,511 55,727 54,719 Diluted Average Shares 59,169 59,064 58,446 57.668 Total Operating Income as Reported 572,966 572,966 542,316 379,324 302,850 Total Expenses 4,251,732 4,251,732 3,215,828 2,280,154 1,990,948 Net Income from Continuing & Dis... 419,416 419,416 481,652 327,160 261,057 Normalized Income 482,047 482,034 488,151 331,194 271,559 Interest Income 3,822 Interest Expense 1,727Net Interest Income 10,025 10,025 -1,727 3,822 8,725 EBIT 572,966 572,966 542,316 379,324 302,850 EBITDA 713,015 Reconciled Cost of Revenue 3,238,906 3,286,683 2,483,697 1,732,522 1,488,198 Reconciled Depreciation 140,049 92,272 83,395 62,874 45,317 Net Income from Continuing Oper... 419,416 419,416 481,652 327,160 261,057 Total Unusual Items Excluding Goo... -75,733 -75,733 -7,197 -4.667 -12,049 Total Unusual Items -75,733 -75,733 -7,197 -4.667 -12,049 Normalized EBITDA 788,748 740,971 632,908 446,865 360,216 Tax Rate for Calcs 0 0 0 0 0 Tax Effect of Unusual Items -13,102 -13,115 -698.1222 -632.8113 -1,547Balance Sheet All numbers in thousands Breakdown 12/31/2022 12/31/2021 12/31/2020 12/31/2019 > Total Assets 4,009,151 3,523,227 2,721,332 2,244,208 > Total Liabilities Net Minority Int... 1,006,141 1,027,390 738,314 648,063 > Total Equity Gross Minority Inte... 3,003,010 2,495,837 1,983,018 1,596,145 Total Capitalization 3,029,225 2,517,351 2,008,056 1,621,219 Common Stock Equity 3,001,532 2,487,117 1,983,018 1,596,145 Capital Lease Obligations 162,669 192,906 241,363 238,390 Net Tangible Assets 2,394,808 1,855,251 1,719,087 1,344,844 Working Capital 2,012,142 1,506,060 1,446,832 1,087,263 Invested Capital 3,032,086 2,533,369 2,008,056 1,621,219 Tangible Book Value 2,394.808 1,855,251 1,719,087 1,344.844 Total Debt 193,223 239,158 266,401 263,464 Share Issued 57,669 56,868 56,128 55,207 Ordinary Shares Number 57,655 56,849 56,108 55,188 Treasury Shares Number 14 19 20 19.735Ratio Analysis for 2021 and 2022 Industry Ratio 2022 2021 2022 Analysis Liquidity Ratios Current Ratio 2.70x Quick Ratio 1.00x Efficiency Ratios Inventory Turnover 7.00x A/R Turnover 10.70x Average Collection Period 33.64 days Fixed Asset Turnover 11.20x Total Asset Turnover 2.60x Leverage Ratios Total Debt Ratio 50.00% Long-term Debt Ratio 20.00% LTD to Total Capitalization 28.57% Debt to Equity 1.00x LTD to Equity 40.00% Coverage Ratios Times Interest Earned 2.50x Cash Coverage Ratio 2.80x Profitability Ratios Gross Profit Margin 17.50% Operating Profit Margin 6.25% Net Profit Margin 3.50% Return on Total Assets 9.10% Return on Equity 18.20% Return on Common Equity 18.20%
