Alliance Resource Partners, L.P. Financial Ratios — ARLP

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	24.09	18.2	19.3	22.57	13.18	14.9	13.76	15.89	16.04	-5.44	8.45	23.99	22.85	12.65	10.79
Return on Capital (%)	- -	- -	49.55	61.54	38.37	46.6	54.92	62.55	- -	- -	41	134.54	157.87	88.37	69.17
Return on Invested Capital (%)	- -	- -	26.84	29.99	24.32	19.92	18.85	18.17	- -	- -	13.14	31.39	30.2	17.75	15.46
Gross Margin (%)	25.24	22.23	23	26.81	23.27	22.81	21.92	20.02	17.72	10.09	18.62	30.63	29.28	20.72	21.34
EBITDA Margin (%)	31.1	30.07	32.12	35.59	34.55	36.48	33.45	30.61	29.76	29.18	30.94	38.74	36.64	29.02	31.2
Operating Margin (%)	22.4	19.34	20.11	23.65	20.3	19.06	18.48	16.61	14	5.58	14.17	27.31	26.2	17.37	17.56
Incremental Operating Margin (%)	26.19	-10.18	29.2	105.81	306.24	27.3	26.76	0.41	141.19	31.65	59.58	51.98	7.92	209.45	15.74
Pretax Margin (%)	21.1	16.44	17.9	21.61	13.47	17.58	16.95	18.35	20.73	-9.71	11.64	26.53	25.11	15.58	15.31
Profit Margin (%)	21.12	16.5	17.84	21.61	13.47	17.57	16.9	18.3	20.36	-9.73	11.57	24.22	24.55	14.74	14.18
Net Income to Common Margin (%)	16.44	11.24	12.34	15.6	7.03	13.38	15.68	18.23	20.36	-9.73	11.28	23.85	24.5	14.74	14.18
Effective Tax Rate (%)	- -	- -	0.35	- -	0.01	- -	0.07	0.01	- -	- -	0.23	8.41	1.28	4.18	5.58
Dvd Payout Ratio (%)	43.42	66.05	61.4	49.97	125.44	64.54	77.39	74.8	67.18	-40.16	26.51	32.24	56.68	98.16	104.28
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	707	811	886	838	917	662	574	713	810	610	447	434	351	487	465
ST Debt	19	19	38	231	259	177	101	139	25	76	16	25	20	22	24
LT Debt	688	792	848	607	659	485	473	575	785	534	431	409	330	465	442
Total Debt/EBITDA	1.23	1.33	1.25	1.02	1.17	0.94	0.96	1.16	1.39	1.57	0.92	0.46	0.37	0.68	0.68
Net Debt/EBITDA	0.75	1.25	1.09	0.97	1	0.72	0.8	0.67	1.28	1.39	0.64	0.13	0.29	0.47	0.55
Total Debt/EBIT	1.71	2.06	2	1.54	1.99	1.8	1.73	2.14	2.95	8.22	2	0.66	0.52	1.14	1.21
Net Debt/EBIT	1.04	1.94	1.75	1.46	1.7	1.38	1.45	1.24	2.71	7.24	1.4	0.19	0.41	0.79	0.99
EBITDA to Interest Expense	26.11	21.32	26.2	24.38	25.22	22.98	15.26	15.24	12.73	8.5	12.45	25.11	26.06	20.17	17.23
EBITDA-CapEx/Interest Expense	26.11	21.32	26.2	24.03	25.22	22.23	15.26	15.24	12.73	8.5	11.66	25.11	25.38	19.47	17.04
EBIT to Interest Expense	18.81	13.72	16.4	16.2	14.82	12	8.43	8.27	5.99	1.63	5.7	17.7	18.63	12.07	9.7
Interest Expense	22	29	27	34	31	31	39	40	46	46	39	37	36	35	40
Common Equity/Total Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	110.38	112.21	99.66	59.79	66.57	44.35	41.08	48.38	62.01	49.8	35.18	23.97	17.78	25.06	23.75
Long-Term Debt/Capital (%)	97.36	97.66	95.71	72.36	71.59	72.65	81.64	79.96	95.53	85.96	94.07	88.83	88.15	91.52	91.46
Long-Term Debt/Total Assets (%)	39.76	40.47	39.98	26.56	27.89	22.11	21.31	23.99	30.34	24.65	19.97	15	11.85	15.93	15.48
Total Debt/Equity (%)	113.37	114.91	104.13	82.58	92.73	60.55	49.85	60.06	63.97	56.87	36.49	25.43	18.88	26.26	25.02
Total Debt/Capital (%)	100	100	100	99.94	99.72	99.17	99.08	99.26	98.55	98.17	97.58	94.25	93.57	95.9	96.35
Total Debt/Total Assets (%)	40.84	41.44	41.78	36.68	38.85	30.19	25.87	29.79	31.3	28.15	20.72	15.92	12.58	16.7	16.31
Net Debt to Equity	69.01	108.12	90.97	78.48	79.25	46.6	41.82	34.68	58.86	50.09	25.5	7.39	14.92	18.14	20.4
Net Debt/Capital (%)	99.27	97.49	97.68	97.86	88.44	81.16	84.1	86.8	94.89	94.96	93.01	76.55	88.02	90.71	92.18
EBITDA	573	612	708	819	786	705	601	613	584	388	489	937	940	711	685
EBITDA-CapEx	573	612	708	807	786	682	601	613	584	388	458	937	916	686	677
Operating Income (Loss)	413	394	444	544	462	368	332	333	275	74	224	661	672	425	385

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.4	0.14	0.44	0.06	0.08	0.12	0.02	0.74	0.19	0.26	0.69	1.16	0.26	0.59	0.35
Current Ratio	2.38	1.35	1.51	0.81	0.74	0.85	0.97	1.51	1.63	1.15	1.91	2.57	2.27	2.2	2.1
Quick Ratio	2.11	0.97	1.18	0.52	0.37	0.59	0.65	1.27	1.01	0.76	1.42	2.14	1.55	1.35	0.99
CFO/Avg Current Liab	3.29	2.76	3.35	2.33	1.7	1.88	1.8	2.24	1.96	1.95	2.2	3.7	3.41	3.49	2.98
Common Equity/Total Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	110.38	112.21	99.66	59.79	66.57	44.35	41.08	48.38	62.01	49.8	35.18	23.97	17.78	25.06	23.75
Long-Term Debt/Capital (%)	97.36	97.66	95.71	72.36	71.59	72.65	81.64	79.96	95.53	85.96	94.07	88.83	88.15	91.52	91.46
Long-Term Debt/Total Assets (%)	39.76	40.47	39.98	26.56	27.89	22.11	21.31	23.99	30.34	24.65	19.97	15	11.85	15.93	15.48
Total Debt/Equity (%)	113.37	114.91	104.13	82.58	92.73	60.55	49.85	60.06	63.97	56.87	36.49	25.43	18.88	26.26	25.02
Total Debt/Capital (%)	100	100	100	99.94	99.72	99.17	99.08	99.26	98.55	98.17	97.58	94.25	93.57	95.9	96.35
Total Debt/Total Assets (%)	40.84	41.44	41.78	36.68	38.85	30.19	25.87	29.79	31.3	28.15	20.72	15.92	12.58	16.7	16.31
CFO/Total Liabilities	51.81	44.45	55.46	58.2	52.21	63.98	52.08	57.52	38.97	36.63	46.3	78.66	88.64	75.61	65.54
CFO/CapEx	- -	- -	- -	63.25	- -	30.59	- -	- -	- -	- -	13.96	- -	34.02	32.47	83.08
Altman's Z-Score	3.54	2.78	3.13	3.26	2.09	2.41	2.48	2.59	1.86	1.06	2.2	3.38	3.58	3.34	3.11

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	15.26	13.5	13.52	13.62	14.81	14.05	10.77	11.23	11.66	9.98	13.49	13.05	9.8	10.9	14.8
Days Sales Outstanding	23.92	27.04	27.01	26.8	24.65	25.98	33.9	32.49	31.31	36.59	27.05	27.97	37.26	33.5	24.66
Inventory Turnover	42.16	39.31	37.38	26.44	17.09	16.37	23.12	26.81	20.11	15.14	22.02	24.4	17.72	15.64	13.11
Days Inventory Outstanding	8.66	9.29	9.77	13.8	21.36	22.3	15.79	13.61	18.15	24.1	16.57	14.96	20.6	23.34	27.83
Accounts Payable Turnover	17.24	16.19	18.89	20.86	21.04	19.38	17.41	16.56	18.72	17.95	22.02	20.59	18.34	18.74	19.43
Accounts Payable Turnover Days	21.18	22.55	19.32	17.5	17.35	18.83	20.96	22.04	19.5	20.34	16.58	17.73	19.9	19.48	18.79
Cash Conversion Cycle	11.4	13.77	17.45	23.1	28.66	29.44	28.73	24.06	29.96	40.35	27.05	25.21	37.96	37.35	33.7
Inventory to Cash Days	15.26	17.75	17.24	13	3.28	3.68	18.12	18.88	13.16	12.48	10.48	13.01	16.66	10.16	-3.18
Inventories	34	47	44	83	121	61	60	59	101	56	60	77	128	121	143
Raw Materials	34	47	44	83	121	61	60	65	107	62	66	84	113	105	130
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	3
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12	14	10
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	2,779	2,140	2,845	3,188	1,001	1,669	1,945	2,267	1,386	570	1,608	2,585	2,694	3,364	2,982
- Cash & Cash Equivalents	274	28	94	25	33	40	7	244	36	56	122	296	60	137	71
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	3	6	5	5	12	11	11	27	24	21	18
+ Total Debt	707	811	886	838	917	662	574	713	810	610	447	434	351	487	465
Enterprise Value	3,213	2,923	3,638	4,002	1,887	2,297	2,517	2,742	2,171	1,135	1,944	2,749	3,009	3,735	3,394
Total Capital	707	811	886	839	920	668	579	719	821	621	458	461	375	508	483
Total Debt/Capital (%)	100	100	100	99.94	99.72	99.17	99.08	99.26	98.55	98.17	97.58	94.25	93.57	95.9	96.35
Total Debt / EV	0.22	0.28	0.24	0.21	0.49	0.29	0.23	0.26	0.37	0.54	0.23	0.16	0.12	0.13	0.14
EV/Sales	1.74	1.44	1.65	1.74	0.83	1.19	1.4	1.37	1.11	0.85	1.23	1.14	1.17	1.53	1.55
EV/EBITDA	5.6	4.78	5.14	4.89	2.4	3.26	4.19	4.47	3.72	2.93	3.98	2.93	3.2	5.26	4.96
EV/EBIT	7.78	7.43	8.2	7.35	4.09	6.24	7.58	8.24	7.9	15.31	8.69	4.16	4.47	8.78	8.81
EV/Cash Flow to Firm	5.39	5	4.97	5.18	2.52	3.13	4.23	3.73	3.87	2.54	4.12	3.29	3.5	4.46	4.93
EV/Free Cash Flow to Firm	5.39	5	4.97	5.1	2.52	3.03	4.23	3.73	3.87	2.54	3.87	3.29	3.4	4.33	4.87
Diluted Market Cap	2,779	2,140	2,845	3,188	1,001	1,669	1,945	2,267	1,386	570	1,608	2,585	2,694	3,364	2,982
Diluted Enterprise Value	3,213	2,923	3,638	4,002	1,887	2,297	2,517	2,742	2,171	1,135	1,944	2,749	3,009	3,735	3,394
EV per Share	43.69	39.64	49.23	54.04	25.44	30.89	25.5	20.97	16.95	8.93	15.28	21.62	23.66	29.19	26.44
TTM Sales	1,844	2,034	2,206	2,301	2,274	1,931	1,796	2,003	1,962	1,328	1,579	2,420	2,567	2,449	2,195
TTM EBITDA	573	612	708	819	786	705	601	613	584	388	489	937	940	711	685
TTM Operating Income	413	394	444	544	462	368	332	333	275	74	224	661	672	425	385
TTM Cash Flow to Firm	596	585	732	773	747	734	595	735	561	446	471	837	860	837	689
TTM Free Cash Flow to Firm	596	585	732	784	747	757	595	735	561	446	502	837	884	862	696

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	4.84	3.85	4.04	4.25	1.4	2.3	3.5	3.27	2.69	1.42	3.47	3.22	3.17	4.06	4.53
EV/EBIT	7.78	7.43	8.2	7.35	4.09	6.24	7.58	8.24	7.9	15.31	8.69	4.16	4.47	8.78	8.81
Enterprise Value	3,213	2,923	3,638	4,002	1,887	2,297	2,517	2,742	2,171	1,135	1,944	2,749	3,009	3,735	3,394
Low Price	29	25.21	29.28	37.08	11.93	9.95	17.6	15.55	9.83	2.63	4.45	12.6	17.05	18.32	22.2
EV/Sales	1.74	1.44	1.65	1.74	0.83	1.19	1.4	1.37	1.11	0.85	1.23	1.14	1.17	1.53	1.55
EV/EBITDA	5.6	4.78	5.14	4.89	2.4	3.26	4.19	4.47	3.72	2.93	3.98	2.93	3.2	5.26	4.96
Price/Earnings	9.17	9.36	10.46	8.88	6.26	6.46	6.9	6.21	3.47	- -	9.02	4.48	4.28	9.32	9.58
Price/Earnings Average	8.86	10.14	9.65	9.15	12.85	5.04	7.23	6.81	5.27	-4.45	5.67	4.29	4.11	8.29	10.54
Price/Earnings High	10.2	13.51	10.73	11.11	20.25	7.67	8.95	7.84	6.67	-11.83	9.21	6.09	4.92	10.44	12.61
Price/Earnings Low	7.04	8.13	7.95	7.65	5.54	2.86	6.17	5.57	3.15	-2.59	3.18	2.78	3.45	6.5	9.16
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	4.46	3.03	3.34	3.14	1.17	1.74	1.92	2.16	1.23	0.53	1.32	1.51	1.45	1.82	1.6
Price/Tangible Book Value Average	4.31	3.29	3.08	3.24	2.41	1.36	2.01	2.36	1.86	0.54	0.83	1.45	1.39	1.61	1.76
Price/Tangible Book Value High	4.96	4.38	3.43	3.93	3.8	2.07	2.48	2.72	2.36	1.43	1.34	2.06	1.66	2.03	2.11
Price/Tangible Book Value Low	3.42	2.63	2.54	2.7	1.04	0.77	1.71	1.93	1.12	0.31	0.46	0.94	1.17	1.26	1.53
Price/Sales	1.51	1.05	1.29	1.39	0.44	0.86	1.08	1.13	0.71	0.43	1.02	1.07	1.05	1.37	1.36
Price/Sales Average	1.46	1.14	1.19	1.43	0.9	0.67	1.13	1.24	1.07	0.43	0.64	1.02	1.01	1.22	1.49
Price/Sales High	1.68	1.52	1.32	1.73	1.42	1.03	1.4	1.43	1.36	1.15	1.04	1.45	1.2	1.54	1.79
Price/Sales Low	1.16	0.91	0.98	1.19	0.39	0.38	0.97	1.02	0.64	0.25	0.36	0.66	0.84	0.96	1.3
Price/Cash Flow	4.84	3.85	4.04	4.31	1.4	2.37	3.5	3.27	2.69	1.42	3.72	3.22	3.27	4.19	4.58
Price/Cash Flow Average	4.68	4.17	3.73	4.44	2.87	1.85	3.66	3.58	4.09	1.44	2.34	3.09	3.13	3.73	5.04
Price/Cash Flow High	5.39	5.56	4.14	5.39	4.52	2.82	4.53	4.12	5.17	3.82	3.8	4.38	3.75	4.69	6.03
Price/Cash Flow Low	3.72	3.34	3.07	3.71	1.24	1.05	3.12	2.93	2.45	0.83	1.31	2	2.63	2.92	4.38
Price/Free Cash Flow Average	4.68	4.17	3.73	4.37	2.87	1.79	3.66	3.58	4.09	1.44	2.18	3.09	3.04	3.61	4.98
Price/Free Cash Flow High	5.39	5.56	4.14	5.31	4.52	2.73	4.53	4.12	5.17	3.82	3.54	4.38	3.64	4.55	5.95
Price/Free Cash Flow Low	3.72	3.34	3.07	3.66	1.24	1.02	3.12	2.93	2.45	0.83	1.22	2	2.56	2.83	4.33
EV/Sales Average	1.69	1.52	1.55	1.78	1.29	1	1.45	1.48	1.47	0.86	0.85	1.09	1.13	1.37	1.68
EV/Sales High	1.91	1.9	1.68	2.09	1.81	1.35	1.72	1.67	1.76	1.58	1.25	1.52	1.33	1.69	1.98
EV/Sales Low	1.39	1.3	1.34	1.55	0.78	0.71	1.29	1.25	1.04	0.68	0.57	0.73	0.97	1.11	1.49
EV/EBITDA Average	5.44	5.07	4.83	5.01	3.74	2.74	4.34	4.83	4.95	2.94	2.75	2.82	3.08	4.73	5.39
EV/EBITDA High	6.15	6.33	5.24	5.86	5.25	3.7	5.15	5.45	5.91	5.4	4.05	3.92	3.62	5.82	6.33
EV/EBITDA Low	4.48	4.32	4.17	4.35	2.26	1.94	3.84	4.09	3.5	2.32	1.85	1.89	2.64	3.82	4.76
EV/EBIT Average	7.56	7.88	7.71	7.53	6.37	5.24	7.86	8.9	10.52	15.39	6.01	4	4.31	7.91	9.58
EV/EBIT High	8.54	9.84	8.37	8.82	8.94	7.09	9.32	10.03	12.55	28.24	8.83	5.57	5.06	9.73	11.25
EV/EBIT Low	6.21	6.71	6.67	6.54	3.84	3.72	6.96	7.54	7.44	12.14	4.03	2.67	3.69	6.38	8.47
Last Price	37.79	29.03	38.5	43.05	13.49	22.45	19.7	17.34	10.82	4.48	12.64	20.32	21.18	26.29	23.23
High Price	42.05	41.9	39.5	53.84	43.65	26.65	25.55	21.9	20.78	12.02	12.9	27.63	24.3	29.44	30.56
Enterprise Value Average	3,121	3,102	3,419	4,099	2,941	1,930	2,610	2,961	2,888	1,141	1,346	2,643	2,898	3,363	3,691
Enterprise Value High	3,526	3,871	3,712	4,801	4,124	2,609	3,095	3,338	3,447	2,094	1,977	3,679	3,406	4,138	4,335
Enterprise Value Low	2,566	2,641	2,957	3,560	1,771	1,368	2,310	2,508	2,044	900	902	1,767	2,484	2,715	3,262

Shares Outstanding	74	74	74	74	74	74	131	128	127	127	127	127	127	128	128
Diluted Weighted Avg Shares	74	74	74	74	74	74	99	131	128	127	127	127	127	128	128
Basic Weighted Avg Shares	74	74	74	74	74	74	99	131	128	127	127	127	127	128	128
Revenue per Share	25.07	27.59	29.84	31.07	30.65	25.98	18.2	15.32	15.31	10.44	12.42	19.03	20.18	19.14	17.1
EBITDA per Share	7.8	8.3	9.59	11.06	10.59	9.48	6.09	4.69	4.56	3.05	3.84	7.37	7.39	5.55	5.33
Operating Income per Share	5.62	5.34	6	7.35	6.22	4.95	3.36	2.54	2.14	0.58	1.76	5.19	5.29	3.32	3
Basic EPS, GAAP	4.12	3.1	3.68	4.85	2.16	3.48	2.85	2.79	3.12	-1.02	1.4	4.54	4.94	2.82	2.42
Basic EPS from Cont Ops	5.29	4.55	5.32	6.72	4.13	4.57	3.08	2.81	3.18	-1.01	1.44	4.62	5	2.86	2.47
Diluted EPS, GAAP	4.12	3.1	3.68	4.85	2.16	3.48	2.85	2.79	3.12	-1.02	1.4	4.54	4.94	2.82	2.42
Diluted EPS from Cont Ops	5.29	4.55	5.32	6.72	4.13	4.57	3.08	2.81	3.18	-1.01	1.44	4.62	5	2.86	2.47
Dividend per Share	2.96	3.5	3.9	4.29	4.68	3.33	2.44	2.11	2.17	0.41	0.41	1.54	2.87	2.84	2.63
Cash Flow per Share	7.81	7.54	9.53	9.98	9.66	9.46	5.63	5.31	4.02	3.15	3.4	6.31	6.48	6.28	5.07
Free Cash Flow per Basic Share	7.81	7.54	9.53	9.83	9.66	9.15	5.63	5.31	4.02	3.15	3.15	6.31	6.29	6.08	5.01
Cash & Equivalents per Share	3.72	0.38	1.27	0.33	0.45	0.54	0.07	1.87	0.28	0.44	0.96	2.33	0.47	1.07	0.55
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	8.48	9.57	11.52	13.71	11.5	12.87	10.28	8.04	8.81	8.4	9.6	13.43	14.61	14.48	14.49

Alliance Resource Partners, L.P.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)