1 Top Management and Board of Directors; 2 Top shareholders; 3 Peer Comparison & Ranking of BHP; 4 Currency Synopsis: Australian Dollar (AUD) Top Management and Board of Directors Top Management http://www.buysellsignals.net/BuySellSignals/report/Usnyse/Stock/Daily/Html/BHP_Board_Of_Directors.html Board Of Directors http://www.buysellsignals.net/BuySellSignals/report/Usnyse/Stock/Daily/Html/BHP_Board_Of_Directors.html Top shareholders Top 20 shareholders Name of the Share Holder Number Of Shares % of Capital HSBC Custody Nominees Australia Limited^ 1505458857 29.7 J P Morgan Nominees Australia Pty Limited 877830070 17.3 Citicorp Nominees Pty Ltd 426995047 8.4 Citicorp Nominees Pty Limited Citibank NY ADR DEP A/C 247550949 4.9 Computershare Clearing Pty Ltd CCNL Dl A/C= 164786389 3.2 South Africa Control A/C\C 151225339 3.0 BNP Paribas Nominees Pty Ltd Agency Lending A/C= 89225270 1.8 BNP Paribas Noms Pty Ltd 72150040 1.4 National Nominees Limited 53504139 1.1 HSBC Custody Nominees Australia Limited Nt-Comnwlth Super Corp A/C 36568252 0.7 Citicorp Nominees Pty Limited Colonial First State Inv A/C 33182779 0.7 BNP Paribas Nominees Pty Ltd Clearstream 25260593 0.5 BNP Paribas Nominees Pty Ltd HUB24 Custodial Serv Ltd 24183029 0.5 Computershare Nominees Cl Ltd ASX Shareplus Control A/C 23724947 0.5 HSBC Custody Nominees Australia Limited 19088716 0.4 Netwealth Investments Limited Wrap Services A/C 18753431 0.4 Australian Foundation Investment Company Limited 13413159 0.3 Argo Investments Limited 10432564 0.2 HSBC Custody Nominees Australia Limited -A/C^ 9504644 0.2 UBS Nominees Pty Ltd 8615944 0.2 % held by Top 20 shareholders 75.4% Peer Comparison & Ranking of BHP PEER COMPARISON: BHP IN INDICES BHP is a constituent of the following indices. Its market capitalisation is $188 billion and accounts for 45.4% of the combined MCap of the S&P/ASX 300 Metals and Mining (Industry). Index Name MCap of Index ($ b) BHP MCap as % of Index S&P/ASX 300 Metals and Mining (Industry) 413 45.4 S&P/ASX 200 Resources 499 37.6 S&P/ASX 200 Materials Index 524 35.8 S&P/ASX 20 Index 1,148 16.3 S&P/ASX All Australian 50 1,363 13.8 S&P/ASX 50 Index 1,571 11.9 S&P/ASX All Australian 200 1,796 10.4 S&P/ASX 100 Index 1,807 10.4 S&P/ASX 200 Index 1,978 9.5 S&P/ASX 300 Index 2,071 9.1 All Ordinaries Index 2,109 8.9 BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING: BHP vs Australian Market Out of 1,411 stocks in the Australian Market, BHP is ranked first(1) by Free Cash Flow, second(2) by Net Profit $, second(2) by Market Cap in $ and second(2) by Revenue. Australian Avg BHP BHP Rank Free Cash Flow 30,086 13.4 B 1 Net Profit $ 62.2 M 9 B 2 Market Cap $ 1.8 B 187.6 B 2 Revenue $ 748.7 M 51.3 B 2 ROE (%) 7.6 21.3 89 EBITDA Margin% 14.2 39.3 93 P/Earnings/ Growth 6.7x 1.5x 111 ROA (%) 1.5 10.2 126 Yield (%) 3.6 3.4 201 P/Earnings 27.2x 20.8x 220 P/Sales 2.2x 3.7x 427 Price/Net Tangible Assets 2.9x 3.8x 623 Premium to 52-Wk Low (%) 27.9 61.8 771 Total Debt/Equity (the lower the better) 0.6x 0.5x 853 Discount to 52-Wk High (%) 4.9 9.4 1411 Negative values are shown in brackets. Stock in Index and Stock in Sector Description BHP All Ordinaries Index % of All Ordinaries Index Materials sector % of Materials sector Net Profit $ 6.3 B 84.1 B 7.5 20.9 B 30.2 Revenue $ 35.9 B 747.8 B 4.8 240.3 B 14.9 Total Assets $ 76.2 B 5,208.6 B 1.5 544 B 14.0 MCap $ 187.6 B 2,109.1 B 8.9 792.8 B 23.7 Relative Valuation Indicators: Stock vs Index and Stock vs Sector Description BHP All Ordinaries Index Avg. Materials sector Avg. Price/Earnings 20.8 23.4 36.0 P/Earnings/Growth 1.49 1.69 -6.06 Yield (%) 3.44 4.0 3.37 Price/Net Tangible Assets 3.77 3.67 3.15 Total Debt/Equity (the lower the better) 0.47x 0.67x 0.34x MARKET SHARE BHP vs Materials sector [Materials sector Total in Brackets] Revenue of $73.2 billion[21.5% of aggregate sector revenue of $A343.1 billion; down from 24.1% in the previous year.] Net Profit of $12.9 billion [41.7% of aggregate sector net profit of $A29.9 billion; up from 34.3% in the previous year.] EBIT of $28.7 billion [41.0% of aggregate sector EBIT of $A68.9 billion; up from 39.2% in the previous year.] GLOBAL RANK [out of 46,274 stocks] AND RANK OF BHP IN THE ASIA PACIFIC REGION [out of 1,760 stocks] Description Value Global Rank In APAC Region MCap ($) 187.6B 99 2 Total Assets ($) 108.8B 564 8 Revenue ($) 51.3B 317 2 Net Profit ($) 9B 149 2 Return on Equity % 21.3 3,697 89 Net Profit Margin % 21.7 5,345 160 Price to Book 2.6 23,277 854 Price/Earnings 15.9 11,275 257 Yield % 7.6 2,088 47 PV1000 (1Year) $* 1,553 8,986 612 * 1 year ago AUD 1 = $ 0.63 Mar 06, 2026: AUD 1 equals $ 0.7 RANK OF BHP IN THE ALL ORDINARIES INDEX [out of 289 stocks], IN THE AUSTRALIAN MARKET [out of 1631 stocks] AND IN THE MATERIALS SECTOR [out of 484 stocks] Description Value In All Ordinaries Index In Australian Market In Materials sector MCap ($A) 268B 2 2 1 Total Assets ($A) 155.4B 7 8 2 Revenue ($A) 73.2B 2 2 2 Net Profit ($A) 12.9B 2 2 2 Return on Equity % 21.3 27 80 10 Net Profit Margin % 21.7 61 145 24 Price to Book 3.8 125 795 285 Price/Earnings 20.8 94 267 34 Yield % 3.4 97 208 14 PV1000 (1Year) AUD 1,426 60 572 258 LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best] BHP is ranked number 1 out of 529 listed materials companies in the Australia with a market capitalization of $A268 billion. In the materials companies it has the 2nd highest total assets and 2nd highest revenues. Within its sector it has a relatively low P/E of 20.8. It has a strong relative ROE of 21.3% and ROA of 10.2%. Finally, its earnings growth in the past 12 months has been a comparatively high 14.1%. Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1. Currency Synopsis: Australian Dollar (AUD) % Change of AUD vs Currency Basket Period-Based In the past year the Australian Dollar rose 12.9% against the US Dollars; in the past three years the Australian Dollar rose 4.5% against the US Dollars. Last Country 1-day % 1-week % 1-Year % 3-Yrs % AUD1=0.705USD United States Of America 0.8 -1.1 12.9 4.5 AUD1=4.86CNY China 0.3 -0.3 7.0 4.3 AUD1=110.787JPY Japan 0.5 -0.4 18.3 20.2 AUD1=0.607EUR European Union 0.6 0.7 3.2 -4.5 AUD1=1,034.227KRW South Korea -0.2 1.7 13.6 17.6 AUD1=0.901SGD Singapore 0.6 - 7.6 -0.8 AUD1=1.19NZD New Zealand 0.2 0.2 7.5 9.8 AUD1=0.529GBP United Kingdom 0.6 0.6 8.2 -6.2 AUD1=5.516HKD Hong Kong 0.9 -1.1 13.6 4.2 AUD1=0.55CHF Switzerland 0.6 - -1.1 -13.3 AUD1=0.963CAD Canada 0.5 -1.2 6.8 5.0 AUD1=6.49SEK Sweden -0.1 0.9 -0.5 -8.3 AUD1=6.799NOK Norway 0.2 -0.1 -2.2 -3.4 AUD1=12.446MXN Mexico 0.2 1.7 -3.4 1.9 1 Financials as Reported H1/2025, FY 2025, Past 10 Years Financials as Reported H1/2025, FY 2025, Past 10 Years Financials as reported (Half Year) RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In $ Million, except per share data and shares outstanding) INCOME STATEMENT AS REPORTED Description $ Million $ Million Dec 31 2025 2024 Change % Revenue 27,902 25,176 Up 10.8 Other income 213 222 Down 4.1 Expenses excluding net finance costs -16,075 -16,367 Improved 1.8 Profit/(loss) from equity accounted investments related impairments and expenses 220 95 Up 131.6 Profit from operations 12,260 9,126 Up 34.3 Financial expenses -973 -779 Deterioration 24.9 Financial income 268 322 Down 16.8 Net finance costs -705 -457 Deterioration 54.3 Profit before taxation 11,555 8,669 Up 33.3 Income tax expense -3,799 -2,904 Deterioration 30.8 Royalty-related taxation (net of income tax benefit) -632 -480 Deterioration 31.7 Total taxation expense -4,431 -3,384 Deterioration 30.9 Profit after taxation 7,124 5,285 Up 34.8 Attributable to non-controlling interests 1,484 869 Up 70.8 Attributable to BHP shareholders 5,640 4,416 Up 27.7 Basic earnings per ordinary share (cents) $1.11 87.0c Up 27.6 Diluted earnings per ordinary share (cents) $1.11 87.0c Up 27.6 Weighted average number of ordinary share Basic 5,077,000,000 5,072,000,000 Up 0.1 Weighted average number of ordinary share Diluted 5,089,000,000 5,083,000,000 Up 0.1 BALANCE SHEET AS REPORTED Description $ Million $ Million Dec 31 2025 2024 Change % ASSETS Current assets Cash and cash equivalents 13,466 11,894 Up 13.2 Trade and other receivables 5,452 4,116 Up 32.5 Other financial assets 607 561 Up 8.2 Inventories 5,817 5,538 Up 5.0 Current tax assets 419 545 Down 23.1 Other 167 176 Down 5.1 Total current assets 25,928 22,830 Up 13.6 Non-current assets Trade and other receivables 104 137 Down 24.1 Other financial assets 1,116 1,122 Down 0.5 Inventories 1,833 1,440 Up 27.3 Property plant and equipment 79,851 76,457 Up 4.4 Intangible assets 2,012 1,924 Up 4.6 Investments accounted for using the equity method 4,292 4,107 Up 4.5 Deferred tax assets 74 78 Down 5.1 Other 802 695 Up 15.4 Total non-current assets 90,084 85,960 Up 4.8 Total assets 116,012 108,790 Up 6.6 LIABILITIES Current liabilities Trade and other payables 6,288 6,637 Down 5.3 Interest bearing liabilities 3,431 2,018 Up 70.0 Other financial liabilities 462 214 Up 115.9 Current tax payable 1,330 900 Up 47.8 Provisions 4,200 5,823 Down 27.9 Deferred income 15 47 Down 68.1 Total current liabilities 15,726 15,639 Up 0.6 Non-current liabilities Trade and other payables 37 33 Up 12.1 Interest bearing liabilities 24,590 22,478 Up 9.4 Other financial liabilities 1,412 1,364 Up 3.5 Non-current tax payable 3 3 Steady Deferred tax liabilities 3,755 3,506 Up 7.1 Provisions 14,973 13,498 Up 10.9 Deferred income 51 51 Steady Total non-current liabilities 44,821 40,933 Up 9.5 Total liabilities 60,547 56,572 Up 7.0 Net assets 55,465 52,218 Up 6.2 EQUITY Share capital 5,093 5,015 Up 1.6 Treasury shares -32 -18 Deterioration 77.8 Reserves 91 -2 Recovery Retained earnings 45,255 42,670 Up 6.1 Total equity attributable to BHP shareholders 50,407 47,665 Up 5.8 Non-controlling interests 5,058 4,553 Up 11.1 Total equity 55,465 52,218 Up 6.2 CASH FLOW AS REPORTED Description $ Million $ Million Dec 31 2025 2024 Change % Operating activities Profit before taxation 11,555 8,669 Up 33.3 Adjustments for: Depreciation and amortisation expense 2,920 2,648 Up 10.3 Net impairment/(reversal of impairment) of property plant and equipment financial assets and intangibles 22 -56 Recovery Net finance costs 705 457 Up 54.3 (Profit)/loss from equity accounted investments related impairments and expenses -220 -95 Deterioration 131.6 Other 406 325 Up 24.9 Changes in assets and liabilities: Trade and other receivables -1,331 576 Deterioration Inventories -672 197 Deterioration Trade and other payables -65 -214 Improved 69.6 Provisions and other assets and liabilities -276 -733 Improved 62.3 Cash generated from operations 13,044 11,774 Up 10.8 Dividends received 339 233 Up 45.5 Interest received 237 265 Down 10.6 Interest paid -814 -779 Deterioration 4.5 Proceeds from cash management related instruments 186 261 Down 28.7 Net income tax and royalty-related taxation refunded 42 95 Down 55.8 Net income tax and royalty-related taxation paid -3,662 -3,532 Deterioration 3.7 Net operating cash flows 9,372 8,317 Up 12.7 Investing activities Purchases of property plant and equipment -5,070 -5,006 Deterioration 1.3 Exploration and evaluation expenditure -193 -199 Improved 3.0 Exploration and evaluation expenditure expensed and included in operating cash flows 167 174 Down 4.0 Net investment and funding of equity accounted investments -1,281 -679 Deterioration 88.7 Proceeds from sale of assets 75 55 Up 36.4 Proceeds from sale of subsidiaries operations and joint operations net of their cash 87 285 Down 69.5 Other investing -251 -299 Improved 16.1 Net investing cash flows -6,466 -5,669 Deterioration 14.1 Financing activities Proceeds from interest bearing liabilities 3,107 1,150 Up 170.2 Settlements of debt related instruments -147 Repayment of interest bearing liabilities -488 -1,311 Improved 62.8 Distributions to non-controlling interests Dividends paid -3,080 -3,865 Improved 20.3 Dividends paid to non-controlling interests -989 -1,097 Improved 9.8 Net financing cash flows -1,450 -5,270 Improved 72.5 Net increase/(decrease) in cash and cash equivalents 1,456 -2,622 Recovery Cash and cash equivalents net of overdrafts at the beginning of the period 11,893 12,498 Down 4.8 Foreign currency exchange rate changes on cash and cash equivalents 117 -317 Recovery Cash and cash equivalents net of overdrafts at the end of the period 13,466 9,559 Up 40.9 Financials as reported (FY 2025 [year-ended 30 June 2025 ]) RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In $ Million, except per share data and shares outstanding) INCOME STATEMENT AS REPORTED (FY 2025 [year-ended 30 June 2025 ]) Description $ Million $ Million Jun 30 2025 2024 Change % Revenue 51,262 55,658 Down 7.9 Other income 368 1,285 Down 71.4 Expenses excluding net finance costs -32,319 -36,750 Improved 12.1 Profit/(loss) from equity accounted investments related impairments and expenses 153 -2,656 Recovery Profit from operations 19,464 17,537 Up 11.0 Financial expenses -1,771 -2,198 Improved 19.4 Financial income 660 709 Down 6.9 Net finance costs -1,111 -1,489 Improved 25.4 Profit before taxation 18,353 16,048 Up 14.4 Income tax expense -6,130 -6,015 Deterioration 1.9 Royalty-related taxation (net of income tax benefit) -1,080 -432 Deterioration 150.0 Total taxation expense -7,210 -6,447 Deterioration 11.8 Profit after taxation 11,143 9,601 Up 16.1 Attributable to non-controlling interests 2,124 1,704 Up 24.6 Attributable to BHP shareholders 9,019 7,897 Up 14.2 Basic earnings per ordinary share (cents) $1.78 $1.56 Up 14.1 Diluted earnings per ordinary share (cents) $1.77 $1.55 Up 14.1 Weighted average number of shares 5,073,000,000 5,068,000,000 Up 0.1 BALANCE SHEET AS REPORTED (FY 2025 [year-ended 30 June 2025 ]) Description $ Million $ Million Jun 30 2025 2024 Change % ASSETS Current assets Cash and cash equivalents 11,894 12,501 Down 4.9 Trade and other receivables 4,116 5,169 Down 20.4 Other financial assets 561 381 Up 47.2 Inventories 5,538 5,828 Down 5.0 Current tax assets 545 314 Up 73.6 Other 176 145 Up 21.4 Total current assets 22,830 24,338 Down 6.2 Non-current assets Trade and other receivables 137 170 Down 19.4 Other financial assets 1,122 1,229 Down 8.7 Inventories 1,440 1,211 Up 18.9 Property plant and equipment 76,457 71,629 Up 6.7 Intangible assets 1,924 1,718 Up 12.0 Investments accounted for using the equity method 4,107 1,662 Up 147.1 Deferred tax assets 78 67 Up 16.4 Other 695 338 Up 105.6 Total non-current assets 85,960 78,024 Up 10.2 Total assets 108,790 102,362 Up 6.3 LIABILITIES Current liabilities Trade and other payables 6,637 6,719 Down 1.2 Interest bearing liabilities 2,018 2,084 Down 3.2 Other financial liabilities 214 512 Down 58.2 Current tax payable 900 884 Up 1.8 Provisions 5,823 4,007 Up 45.3 Deferred income 47 90 Down 47.8 Total current liabilities 15,639 14,296 Up 9.4 Non-current liabilities Trade and other payables 33 45 Down 26.7 Interest bearing liabilities 22,478 18,634 Up 20.6 Other financial liabilities 1,364 1,759 Down 22.5 Non-current tax payable 3 40 Down 92.5 Deferred tax liabilities 3,506 3,332 Up 5.2 Provisions 13,498 15,088 Down 10.5 Deferred income 51 48 Up 6.2 Total non-current liabilities 40,933 38,946 Up 5.1 Total liabilities 56,572 53,242 Up 6.3 Net assets 52,218 49,120 Up 6.3 EQUITY Share capital 5,015 4,899 Up 2.4 Treasury shares -18 -36 Improved 50.0 Reserves -2 -15 Improved 86.7 Retained earnings 42,670 39,963 Up 6.8 Total equity attributable to BMP shareholders 47,665 44,811 Up 6.4 Non-controlling interests 4,553 4,309 Up 5.7 Total equity 52,218 49,120 Up 6.3 CASH FLOW AS REPORTED (FY 2025 [year-ended 30 June 2025 ]) Description $ Million $ Million Jun 30 2025 2024 Change % Operating activities Profit before taxation 18,353 16,048 Up 14.4 Adjustments for: Depreciation and amortisation expense 5,540 5,295 Up 4.6 Impairments of property plant and equipment financial assets and intangibles net of reversals 108 3,890 Down 97.2 Net finance costs 1,111 1,489 Down 25.4 (Profit)/loss from equity accounted investments related impairments and expenses -153 2,656 Deterioration Other 831 -243 Recovery Changes in assets and liabilities: Trade and other receivables 776 -290 Recovery Inventories 64 -530 Recovery Trade and other payables -116 -27 Deterioration 329.6 Provisions and other assets and liabilities -249 -469 Improved 46.9 Cash generated from operations 26,265 27,819 Down 5.6 Dividends received 375 397 Down 5.5 Interest received 608 724 Down 16.0 Interest paid -1,478 -1,680 Improved 12.0 Proceeds from cash management related instruments 195 361 Down 46.0 Net income tax and royalty-related taxation refunded 448 547 Down 18.1 Net income tax and royalty-related taxation paid -7,721 -7,503 Deterioration 2.9 Net operating cash flows 18,692 20,665 Down 9.5 Investing activities Purchases of property plant and equipment -9,398 -8,816 Deterioration 6.6 Exploration and evaluation expenditure -396 -457 Improved 13.3 Exploration and evaluation expenditure expensed and included in operating cash flows 346 399 Down 13.3 Investment in subsidiaries operations and joint operations net of cash Net investment and funding of equity accounted investments -3,984 -701 Deterioration 468.3 Proceeds from sale of assets 127 149 Down 14.8 Proceeds from sale of subsidiaries operations and joint operations net of their cash 535 1,072 Down 50.1 Other investing -580 -408 Deterioration 42.2 Net investing cash flows -13,350 -8,762 Deterioration 52.4 Financing activities Proceeds from interest bearing liabilities 4,129 5,091 Down 18.9 Settlements of debt related instruments -147 -321 Improved 54.2 Repayment of interest bearing liabilities -1,675 -7,327 Improved 77.1 Distributions to non-controlling interests -2 -13 Improved 84.6 Purchase of shares by Employee Share Ownership Plan (ESOP) Trusts Dividends paid -6,403 -7,675 Improved 16.6 Dividends paid to non-controlling interests -1,873 -1,424 Deterioration 31.5 Net financing cash flows -5,971 -11,669 Improved 48.8 Net (decrease)/increase in cash and cash equivalents -629 234 Deterioration Cash and cash equivalents net of overdrafts at the beginning of the financial year 12,498 12,423 Up 0.6 Foreign currency exchange rate changes on cash and cash equivalents 24 -159 Recovery Cash and cash equivalents net of overdrafts at the end of the financial year 11,893 12,498 Down 4.8 Download BHP Financials Past 10 Years Description (June 30) 2025 2024 2023 2022 2021 Income Statement Revenue per share 10.1 10.98 12.84 11.23 EBIT (B) 20.1 18.2 23.5 34.2 25.6 Interest (B) 1.8 2.2 2.1 1.1 1.3 Profit before tax (B) 18.4 16 21.4 33.1 24.3 Tax (B) (7.2) (6.4) (7.1) (10.7) (10.6) Net profit (B) 9 7.9 12.9 30.9 11.3 EPS 1.78 1.56 2.55 6.11 2.24 Balance Sheet Equity Share Capital (B) 47.7 44.8 44.5 45 51.3 Retained Earnings (B) 42.7 40 39.8 40.3 46.8 Total Debt (B) 24.7 21.2 22.7 17 21.1 Total Assets (B) 108.8 102.4 101.3 95.2 108.9 Current Asset (B) 22.8 24.3 23.4 28.7 26.7 Fixed Asset (B) 76.5 71.6 71.8 61.3 73.8 Working Capital (B) 7.2 10 4.3 11.7 10.3 Cash Flow Operating Cash Flow (B) 18.7 20.7 18.7 32.2 25.9 Investing Cash Flow (B) (13.3) (8.8) (13.1) (7) (6.3) Financing Cash Flow (B) (6) (11.7) (10.3) (22.8) (17.9) Net Cash Flow (629 M) 234 M (4.7 B) 2.4 B 1.7 B Description (June 30) 2020 2019 2018 2017 2016 Income Statement Revenue per share 8.47 8.53 8.08 6.79 5.81 EBIT (B) 14.8 16.6 16.3 (6.1) Interest (B) 1.3 1.5 1.6 1.2 Profit before tax (B) 13.5 15 14.8 (7.3) Tax (B) (4.8) (5.5) (7) (4.4) (1.1) Net profit (B) 8 8.3 3.7 5.9 (6.4) EPS 1.57 1.6 0.7 1.11 (1.2) Balance Sheet Equity Share Capital (B) 47.9 47.2 55.6 62.7 54.3 Retained Earnings (B) 43.4 42.8 51.1 52.6 49.5 Total Debt (B) 27.3 25 26.9 29.6 4.7 Total Assets (B) 105.7 100.9 112 117 119 Current Asset (B) 21.5 23.4 35.1 21.1 17.7 Fixed Asset (B) 72.4 68 67.2 80.5 84 Working Capital (B) 6.6 11 21.1 9.7 5.4 Cash Flow Operating Cash Flow (B) 15.7 17.9 18.5 16.8 10.6 Investing Cash Flow (B) (7.6) 2.6 (5.9) (4.2) (7.2) Financing Cash Flow (9.8 B) (20.5 B) (10.9 B) (9.1 B) 284 M Net Cash Flow (1.7 B) (50 M) 1.6 B 3.5 B 3.7 B