$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline A & B & & C & & & D & E $\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{6\}\{|$c$|\}\{$Income statement$\}$ & $\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline & $($All figures are in thousands$)$ & & & & & & $\backslash \backslash$

$\backslash$hline & & & $2024$ & & & $2023$ & $\backslash \backslash$

$\backslash$hline & EARNINGS & & & & & & $\backslash \backslash$

$\backslash$hline & Net sales & $\backslash$$ & $21,418,139$ & & & $13,399,934$ & $\backslash \backslash$

$\backslash$hline & Cost of sales & $\backslash$$ & $6,226,602$ & & & $5,647,141$ & $\backslash \backslash$

$\backslash$hline & Gross Profit & $\backslash$$ & $15,191,537$ & & & $7,752,793$ & $\backslash \backslash$

$\backslash$hline & Selling and general administrative expenses & $\backslash$$ & $5,740,629$ & & & $4,859,840$ & $\backslash \backslash$

$\backslash$hline & Operating income & $\backslash$$ & $9,450,908$ & & & $2,892,953$ & $\backslash \backslash$

$\backslash$hline & Investment income & $\backslash$$ & $115,863$ & & & $119,810$ & $\backslash \backslash$

$\backslash$hline & Other expense & $\backslash$$ & $\backslash ((28,371)\backslash )$ & & & $\backslash ((19,459)\backslash )$ & $\backslash \backslash$

$\backslash$hline & Earnings before income taxes $($EBIT$)$ & $\backslash$$ & $9,538,401$ & & & $2,993,303$ & $\backslash \backslash$

$\backslash$hline & Interest expenses & $\backslash$$ & $(446,481)$ & & & & $\backslash \backslash$

$\backslash$hline & Income taxes $($@$25\backslash \%)$ & $\backslash$$ & $2,272,980$ & & & $748,326$ & $\backslash \backslash$

$\backslash$hline & Net earnings & $\backslash$$ & $9,091,920$ & & & $2,244,978$ & $\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline A & B & C & & D $\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{4\}\{|$l$|\}\{$Consolidated Balance Sheet$\}\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & $[$All figures are in thousands$]$ & $2024$ & & $2023\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{4\}\{|$l$|\}\{$ASSETS$\}\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{4\}\{|$l$|\}\{$Current assets:$\}\backslash \backslash$

$\backslash$hline & Cash $\backslash$& Equivalents & $\backslash$$ $458,198$ & $\backslash$$ & $300,599\backslash \backslash$

$\backslash$hline & Short$-$term investments, at amortized cost & $\backslash$$ $167,207$ & $\backslash$$ & $29,301\backslash \backslash$

$\backslash$hline & Accounts receivable & & & $\backslash \backslash$

$\backslash$hline & $($less allowance for doubtful accounts: $2001-\backslash$$$7\mathrm{.}712,2000-\backslash$$ & $\backslash$$ $1,576,044$ & $\backslash$$ & $191,570\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{4\}\{|$l$|\}\{$Inventories$\}\backslash \backslash$

$\backslash$hline & Finished goods & $\backslash$$ $497,303$ & $\backslash$$ & $64,676\backslash \backslash$

$\backslash$hline & Raw materials and suppplies & $\backslash$$ $1,335,602$ & $\backslash$$ & $188,615\backslash \backslash$

$\backslash$hline & & $\backslash$$$1,832,905$ & $\backslash$$ & $253,291\backslash \backslash$

$\backslash$hline & Dther current assets & $\backslash$$ $308,107$ & $\backslash$$ & $39\mathrm{.}728\backslash \backslash$

$\backslash$hline & Deferred income taxes $-$ current & $\backslash$$ $97,604$ & $\backslash$$ & $14,226\backslash \backslash$

$\backslash$hline & Total current assets & $\backslash$$$5,440,065$ & $\backslash$$ & $828\mathrm{.}715\backslash \backslash$

$\backslash$hline & Marketable equity securities$,$ at fair value & $\backslash$$ $166,221$ & $\backslash$$ & $28\mathrm{.}535\backslash \backslash$

$\backslash$hline & Deferred charges and other assets & $\backslash$$ $760,445$ & & $83\mathrm{.}713\backslash \backslash$

$\backslash$hline & Deferred income taxes $-$ non$-$current & $\backslash$$ $173,323$ & $\backslash$$ & $26\mathrm{.}743\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{4\}\{|$l$|\}\{$Property$,$ plant, and equipment $[$at cost$]\}\backslash \backslash$

$\backslash$hline & Land & $\backslash$$ $1,440,880$ & $\backslash$$ & $39,125\backslash \backslash$

$\backslash$hline & Buildings and building equipment & $\backslash$$$2,359,346$ & $\backslash$$ & $344,457\backslash \backslash$

$\backslash$hline & Machinery and equipment & $\backslash$$$5,630,779$ & $\backslash$$ & $756,050\backslash \backslash$

$\backslash$hline & & $\backslash$$$9,431,005$ & $\backslash$$ & $1,139,632\backslash \backslash$

$\backslash$hline & Less accumulated depreciation & $\backslash$$ $3,756,181$ & $\backslash$$ & $532,598\backslash \backslash$

$\backslash$hline & Net, property plant and equipment & $\backslash$$$5,674,824$ & $\backslash$$ & $607,034\backslash \backslash$

$\backslash$hline & TOTAL ASSETS & $\backslash$$$12,214,878$ & $\backslash$$ & $1,574,740\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Capital Market Conditions

U$.$S$.$ Treasury yield curve