The Filed Record
Eight years, as reported
- Revenue and operating profit, each with the rate it compounded at—so a company whose sales grew while its profit shrank reads as two different numbers, not one average
- Margin against its own filed high and low, cash kept after the company’s own capital spending, and reinvestment against the depreciation charge
- Every panel states what it supports and what it does not—a record that cannot answer a question says so