Revenue flow

Margins

Stage	PROP	% of rev	EOG	% of rev	Gap · A − B
Revenue	$99M	100.00%	$8.6B	100.00%	EOG ×86.61
Gross profit	$83M	83.76%	$7.4B	86.65%	EOG +2.9pp
Operating income	$45M	45.88%	$3.5B	41.21%	PROP +4.7pp
Pre-tax income	$129M	130.32%	$3.5B	40.87%	PROP +89.5pp
Net income	$109M	110.28%	$2.7B	31.81%	PROP +78.5pp

Stage	PROP	EOG	Gap · A − B
Revenue	$99M100.00%	$8.6B100.00%	EOG ×86.61
Gross profit	83.76%$83M	86.65%$7.4B	EOG +2.9pp
Operating income	45.88%$45M	41.21%$3.5B	PROP +4.7pp
Pre-tax income	130.32%$129M	40.87%$3.5B	PROP +89.5pp