BB Liquidating Inc. Financial Ratios — BLIAQ Stock

Profitability (USD)

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-0.82	-0.89	-2.95	-23.16	-17.69	-28.33	-16.28	1.6	-2.52	-15.31	-30.23	-19.69
Return on Capital (%)	- -	-4.94	- -	- -	321.33	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	-44.11	- -	- -	4.03	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	78.93	75.64	73.78	53.06	57.62	59.58	59.67	55.24	55.1	51.69	51.93	53.6	54.66
EBITDA Margin (%)	29.78	26.64	25.61	20.94	28.98	6.54	-4.22	12.5	17.7	17.46	19.04	16.9	13.79
Operating Margin (%)	-9.23	2.73	1.53	-4.26	6.25	-14.15	-20.7	-6.69	1.33	0.75	2.58	0.44	-3.27
Incremental Operating Margin (%)	- -	84.35	-9.26	- -	138.64	- -	- -	- -	-228.71	-159.9	-18.74	11.12	- -
Pretax Margin (%)	-10.17	0.06	-0.61	-5.76	5.48	-14.67	-21.25	-8.42	0.23	-0.8	-7.08	-12.39	-6.93
Profit Margin (%)	-8.65	-1.55	-1.53	-4.66	-29.13	-16.56	-20.63	-10.2	0.91	-1.33	-7.39	-13.78	-8.27
Net Income to Common Margin (%)	-8.65	-1.55	-1.53	-4.66	-29.13	-16.56	-20.63	-10.2	0.71	-1.54	-7.61	-14.05	-8.38
Effective Tax Rate (%)	- -	2,761.54	- -	- -	35.09	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	-5.27	-18.13	-5.83	7.3	-1.48	-73.68	-1.43	- -	- -	- -	1.58	1.47
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
Total Debt	1,599	1,325	1,169	728	542	220	1,145	1,158	984	758	818	964	1
ST Debt	22	187	33	181	133	145	26	36	85	55	206	108	1
LT Debt	1,576	1,138	1,136	546	409	75	1,120	1,122	900	703	611	856	- -
Total Debt/EBITDA	1.38	1.11	0.92	0.67	0.34	0.57	-4.48	1.62	1.01	0.78	0.85	1.41	- -
Net Debt/EBITDA	1.29	1.01	0.77	0.41	0.19	-0.23	-2.9	1.15	0.55	0.54	0.65	1.09	-0.33
Total Debt/EBIT	-4.45	10.89	15.45	-3.31	1.56	-0.26	-0.91	-3.02	13.37	18.35	6.26	53.83	-0.01
Net Debt/EBIT	-4.17	9.91	12.88	-2	0.89	0.11	-0.59	-2.14	7.35	12.73	4.79	41.84	1.38
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.91	13.23	6.14	4.74
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.9	13.23	6.14	4.74
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.47	1.79	0.16	-1.12
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	89	73	112	94
Common Equity/Total Assets	- -	-0.11	-1	-4.2	-31.28	-62.17	-106.31	-152.05	-152.49	-177.52	-242.6	-376.06	-511.42
Long-Term Debt/Equity (%)	27.96	18.59	18.92	9.5	9.81	2.36	105.34	177.58	124.36	107.21	285.25	- -	- -
Long-Term Debt/Capital (%)	98.61	86.5	104.82	135.79	-28.96	-2.7	-36.1	-31.8	-24.67	-17.82	-14.35	-18.31	- -
Long-Term Debt/Total Assets (%)	19.05	13.33	13.29	7.05	6.55	1.56	28.03	35.27	28.7	25.72	28.37	55.64	0.01
Total Debt/Equity (%)	28.35	21.64	19.46	12.66	12.99	6.9	107.74	183.34	136.07	115.57	381.61	-306.59	-0.13
Total Debt/Capital (%)	100	100.7	107.85	180.86	-38.37	-7.92	-36.93	-32.84	-27	-19.21	-19.2	-20.61	-0.01
Total Debt/Total Assets (%)	19.32	15.52	13.68	9.39	8.67	4.56	28.67	36.42	31.4	27.72	37.96	62.64	0.06
Net Debt to Equity	26.6	19.68	16.23	7.65	7.42	-2.76	69.63	129.77	74.77	80.17	292.16	-238.28	26.54
Net Debt/Capital (%)	100	100.77	109.56	217.41	-19.77	2.92	-21.57	-21.55	-13.38	-12.73	-14.18	-15.4	2.38
EBITDA	1,160	1,189	1,270	1,080	1,613	386	-256	715	978	968	965	685	447
EBITDA-CapEx	132	-106	1,049	986	1,461	196	-545	576	899	878	965	685	447
Operating Income (Loss)	-359	122	76	-220	348	-837	-1,253	-383	74	41	131	18	-106

Liquidity (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
Cash Ratio	0.12	0.11	0.17	0.16	0.1	0.18	0.21	0.21	0.28	0.14	0.12	0.2	0.26
Current Ratio	0.75	0.63	0.71	0.56	0.65	0.73	1.08	1.08	1.11	1.02	1	1.13	1.52
Quick Ratio	0.26	0.22	0.34	0.28	0.23	0.32	0.32	0.31	0.38	0.23	0.22	0.29	0.37
CFO/Avg Current Liab	- -	1.16	1.17	1.17	1.06	1.02	0.29	-0.05	0.24	-0.04	0.04	0.03	0.01
Common Equity/Total Assets	- -	-0.11	-1	-4.2	-31.28	-62.17	-106.31	-152.05	-152.49	-177.52	-242.6	-376.06	-511.42
Long-Term Debt/Equity (%)	27.96	18.59	18.92	9.5	9.81	2.36	105.34	177.58	124.36	107.21	285.25	- -	- -
Long-Term Debt/Capital (%)	98.61	86.5	104.82	135.79	-28.96	-2.7	-36.1	-31.8	-24.67	-17.82	-14.35	-18.31	- -
Long-Term Debt/Total Assets (%)	19.05	13.33	13.29	7.05	6.55	1.56	28.03	35.27	28.7	25.72	28.37	55.64	0.01
Total Debt/Equity (%)	28.35	21.64	19.46	12.66	12.99	6.9	107.74	183.34	136.07	115.57	381.61	-306.59	-0.13
Total Debt/Capital (%)	100	100.7	107.85	180.86	-38.37	-7.92	-36.93	-32.84	-27	-19.21	-19.2	-20.61	-0.01
Total Debt/Total Assets (%)	19.32	15.52	13.68	9.39	8.67	4.56	28.67	36.42	31.4	27.72	37.96	62.64	0.06
CFO/Total Liabilities	46.82	47.31	51.99	69.63	70.41	87.56	14.22	-2.77	13.66	-2.7	2.63	1.58	0.62
CFO/CapEx	1.2	0.88	5.96	14.95	9.64	7.49	1.44	-0.51	4.2	-0.63	- -	- -	- -
Altman's Z-Score	1.1	2	1.92	2.35	1.82	0.03	-1.03	-0.77	-0.08	-0.34	-0.93	-2.47	-4.45

Working Capital (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
Accounts Receivable Turnover	- -	34.93	31.33	30.71	33.25	32.09	33.49	37.45	42.22	44.9	89.57	- -	- -
Days Sales Outstanding	- -	10.45	11.65	11.88	10.98	11.38	10.9	9.75	8.65	8.13	4.07	- -	- -
Inventory Turnover	- -	3.89	4.97	10.88	7.2	5.51	5.24	6.19	7.58	4.74	3.09	2.63	2.55
Days Inventory Outstanding	- -	93.77	73.47	33.56	50.68	66.22	69.65	58.93	48.15	76.94	117.93	138.61	142.92
Accounts Payable Turnover	- -	2.3	2.31	4.24	4.05	3.56	3.95	4.32	5.61	6.23	5.42	4.75	5.12
Accounts Payable Turnover Days	- -	158.54	158.02	86.08	90.1	102.55	92.36	84.47	65.05	58.55	67.36	76.79	71.25
Cash Conversion Cycle	- -	-54.32	-72.9	-40.64	-28.44	-24.95	-11.81	-15.8	-8.26	26.52	54.65	61.82	71.67
Inventory to Cash Days	- -	-83.32	-61.82	-21.67	-39.7	-54.85	-58.75	-49.18	-39.5	-68.81	-113.86	-138.61	-142.92
Inventories	277	281	242	203	452	415	517	310	344	785	789	639	512
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	277	281	242	203	452	415	517	310	344	785	789	639	512

Enterprise Value (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
Market Capitalization	- -	1,240	877	2,659	1,319	1,959	1,721	690	990	742	242	130	- -
- Cash & Cash Equivalents	99	120	194	200	152	233	330	276	395	185	155	189	146
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	150	150	150	150	146	30
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,599	1,325	1,169	728	542	220	1,145	1,158	984	758	818	964	1
Enterprise Value	1,500	2,445	1,852	3,187	1,708	1,945	2,536	1,721	1,729	1,465	1,055	1,051	-116
Total Capital	1,599	1,316	1,084	402	-1,411	-2,778	-3,101	-3,527	-3,646	-3,945	-4,259	-4,675	-6,022
Total Debt/Capital (%)	100	100.7	107.85	180.86	-38.37	-7.92	-36.93	-32.84	-27	-19.21	-19.2	-20.61	-0.01
Total Debt / EV	1.07	0.54	0.63	0.23	0.32	0.11	0.45	0.67	0.57	0.52	0.78	0.92	-0.01
EV/Sales	0.39	0.55	0.37	0.62	0.31	0.33	0.42	0.3	0.31	0.26	0.21	0.26	- -
EV/EBITDA	1.29	2.06	1.46	2.95	1.06	5.03	- -	2.41	1.77	1.51	1.09	1.53	- -
EV/EBIT	- -	20.09	24.47	- -	4.91	- -	- -	- -	23.49	35.48	8.07	58.71	- -
EV/Cash Flow to Firm	1.21	2.14	1.4	2.28	1.17	1.36	6.08	- -	5.25	16.04	8.18	7.33	- -
EV/Free Cash Flow to Firm	0.66	1	1.2	2.14	1.06	1.2	3.59	24.98	4.24	8.12	8.18	7.33	- -
Diluted Market Cap	- -	1,240	877	2,659	1,341	1,959	1,721	690	1,000	742	242	130	- -
Diluted Enterprise Value	1,500	2,445	1,852	3,187	1,730	1,945	2,536	1,721	1,739	1,465	1,055	1,051	-116
EV per Share	10.41	15.66	10.58	18.15	9.57	10.8	14	9.36	9.24	7.7	5.5	5.41	- -
TTM Sales	3,893	4,464	4,960	5,157	5,566	5,912	6,053	5,722	5,522	5,542	5,065	4,051	3,241
TTM EBITDA	1,160	1,189	1,270	1,080	1,613	386	-256	715	978	968	965	685	447
TTM Operating Income	-359	122	76	-220	348	-837	-1,253	-383	74	41	131	18	-106
TTM Cash Flow to Firm	1,234	1,143	1,321	1,395	1,462	1,430	417	-70	329	91	129	143	108
TTM Free Cash Flow to Firm	2,262	2,438	1,542	1,488	1,614	1,621	706	69	408	181	129	143	108

Multiples (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
Price/Free Cash Flow	- -	0.51	0.57	1.79	0.83	1.21	2.44	10.01	2.45	22.49	4.74	4.44	- -
EV/EBIT	- -	20.09	24.47	- -	4.91	- -	- -	- -	23.49	35.48	8.07	58.71	- -
Enterprise Value	1,500	2,445	1,852	3,187	1,708	1,945	2,536	1,721	1,729	1,465	1,055	1,051	-116
Low Price	- -	11.38	6.88	8.19	11.8	12.21	6.5	3.19	3.2	2.99	0.72	0.13	0.04
EV/Sales	0.39	0.55	0.37	0.62	0.31	0.33	0.42	0.3	0.31	0.26	0.21	0.26	- -
EV/EBITDA	1.29	2.06	1.46	2.95	1.06	5.03	- -	2.41	1.77	1.51	1.09	1.53	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	25.25	- -	- -	- -	- -
Price/Earnings Average	- -	-19.06	-13.85	-8.25	-1.54	-1.94	-1.32	-2.37	20.42	-11.57	-1.23	-0.31	- -
Price/Earnings High	- -	-38.91	-34.3	-20.94	-3.33	-4.25	-2.81	-3.35	26.68	-16.32	-1.97	-0.58	- -
Price/Earnings Low	- -	-25.66	-15.85	-5.98	-1.3	-2.25	-0.94	-1	15.27	-6.69	-0.36	-0.04	- -
Price/Book Value	- -	-134.73	-10.3	-8.17	-0.68	-0.65	-0.41	-0.14	-0.21	-0.15	-0.05	-0.02	- -
Price/Book Value Average	- -	-143.4	-12.35	-6.09	-1.28	-0.63	-0.39	-0.29	-0.17	-0.2	-0.09	-0.03	- -
Price/Book Value High	- -	-292.69	-30.59	-15.46	-2.77	-1.39	-0.83	-0.41	-0.22	-0.29	-0.14	-0.06	- -
Price/Book Value Low	- -	-193	-14.14	-4.42	-1.08	-0.73	-0.28	-0.12	-0.13	-0.12	-0.03	- -	- -
Price/Tangible Book Value	- -	8.31	4.4	21.36	5.15	3.72	-15.63	-1.95	-3.8	-2.64	-0.85	-0.28	- -
Price/Tangible Book Value Average	- -	8.85	5.28	15.93	9.76	3.61	-14.96	-3.91	-3.08	-3.51	-1.66	-0.37	- -
Price/Tangible Book Value High	- -	18.06	13.07	40.41	21.1	7.89	-31.88	-5.52	-4.02	-4.95	-2.66	-0.71	- -
Price/Tangible Book Value Low	- -	11.91	6.04	11.55	8.23	4.18	-10.7	-1.65	-2.3	-2.03	-0.48	-0.05	- -
Price/Sales	- -	0.28	0.18	0.52	0.24	0.33	0.28	0.12	0.18	0.13	0.05	0.03	- -
Price/Sales Average	- -	0.3	0.21	0.38	0.45	0.32	0.27	0.24	0.14	0.18	0.09	0.04	- -
Price/Sales High	- -	0.6	0.52	0.98	0.97	0.7	0.58	0.34	0.19	0.25	0.15	0.08	- -
Price/Sales Low	- -	0.4	0.24	0.28	0.38	0.37	0.19	0.1	0.11	0.1	0.03	0.01	- -
Price/Cash Flow	- -	1.08	0.66	1.91	0.9	1.37	4.13	-9.78	3	-13.21	4.74	4.44	- -
Price/Cash Flow Average	- -	1.15	0.8	1.42	1.71	1.33	3.95	-19.64	2.43	-17.53	9.3	5.98	- -
Price/Cash Flow High	- -	2.36	1.97	3.61	3.69	2.9	8.42	-27.78	3.18	-24.72	14.86	11.33	- -
Price/Cash Flow Low	- -	1.55	0.91	1.03	1.44	1.54	2.82	-8.32	1.82	-10.12	2.71	0.86	- -
Price/Free Cash Flow Average	- -	0.54	0.68	1.33	1.57	1.17	2.33	20.1	1.98	29.85	9.3	5.98	- -
Price/Free Cash Flow High	- -	1.1	1.69	3.38	3.4	2.56	4.97	28.43	2.59	42.1	14.86	11.33	- -
Price/Free Cash Flow Low	- -	0.73	0.78	0.97	1.33	1.36	1.67	8.51	1.48	17.24	2.71	0.86	- -
EV/Sales Average	0.39	0.57	0.41	0.49	0.52	0.32	0.41	0.42	0.28	0.31	0.25	0.27	- -
EV/Sales High	0.39	0.87	0.72	1.08	1.04	0.7	0.71	0.52	0.32	0.38	0.31	0.31	- -
EV/Sales Low	0.39	0.67	0.44	0.38	0.45	0.37	0.33	0.28	0.24	0.23	0.19	0.23	- -
EV/EBITDA Average	1.29	2.12	1.59	2.33	1.79	4.88	-9.63	3.38	1.58	1.77	1.33	1.6	-0.26
EV/EBITDA High	1.29	3.28	2.82	5.15	3.59	10.72	-16.93	4.18	1.83	2.18	1.63	1.83	-0.26
EV/EBITDA Low	1.29	2.51	1.71	1.82	1.55	5.65	-7.8	2.26	1.37	1.34	0.99	1.38	-0.26
EV/EBIT Average	-4.17	20.75	26.77	-11.43	8.31	-2.25	-1.96	-6.31	20.92	41.36	9.85	61.23	1.09
EV/EBIT High	-4.17	32.03	47.27	-25.31	16.66	-4.95	-3.45	-7.81	24.26	51.15	12.02	69.98	1.09
EV/EBIT Low	-4.17	24.5	28.77	-8.95	7.18	-2.61	-1.59	-4.23	18.18	31.29	7.28	52.85	1.09
Last Price	- -	7.94	5.01	15.14	7.39	10.87	9.5	3.75	5.29	3.9	1.26	0.67	0.16
High Price	- -	17.25	14.88	28.65	30.25	23.07	19.37	10.65	5.59	7.3	3.95	1.71	0.83
Enterprise Value Average	1,500	2,525	2,026	2,511	2,889	1,886	2,462	2,417	1,540	1,708	1,287	1,096	-116
Enterprise Value High	1,500	3,898	3,578	5,559	5,792	4,141	4,325	2,990	1,785	2,112	1,571	1,253	-116
Enterprise Value Low	1,500	2,981	2,178	1,965	2,496	2,186	1,993	1,618	1,338	1,292	951	946	-116

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
Shares Outstanding	175	175	175	175	180	181	181	181	192	193	193	194	219
Diluted Weighted Avg Shares	144	156	175	176	182	180	181	184	189	190	192	194	- -
Basic Weighted Avg Shares	144	156	175	176	179	180	181	184	187	190	192	194	- -
Revenue per Share	27.04	28.59	28.34	29.37	31.16	32.82	33.41	31.11	29.51	29.12	26.41	20.87	- -
EBITDA per Share	8.05	7.62	7.26	6.15	9.03	2.15	-1.41	3.89	5.22	5.08	5.03	3.53	- -
Operating Income per Share	-2.49	0.78	0.43	-1.25	1.95	-4.65	-6.92	-2.08	0.39	0.22	0.68	0.09	- -
Basic EPS, GAAP	-2.34	-0.44	-0.43	-1.37	-9.08	-5.43	-6.89	-3.18	0.21	-0.45	-2.01	-2.93	- -
Basic EPS from Cont Ops	-2.34	-0.44	-0.43	-1.37	1.1	-5.41	-6.89	-2.96	0.34	-0.39	-2	-2.65	- -
Diluted EPS, GAAP	-2.34	-0.44	-0.43	-1.37	-8.93	-5.43	-6.89	-3.18	0.21	-0.45	-2.01	-2.93	- -
Diluted EPS from Cont Ops	-2.34	-0.44	-0.43	-1.37	1.08	-5.41	-6.89	-2.96	0.34	-0.39	-2	-2.65	- -
Dividend per Share	- -	0.02	0.08	0.08	0.08	0.08	5.08	0.04	0.06	0.06	0.06	0.01	- -
Cash Flow per Share	8.57	7.32	7.55	7.94	8.19	7.94	2.3	-0.38	1.76	-0.3	0.27	0.15	- -
Free Cash Flow per Basic Share	1.44	-0.97	6.28	7.41	7.34	6.88	0.71	-1.14	1.34	-0.76	0.27	0.15	- -
Cash & Equivalents per Share	0.69	0.77	1.11	1.14	0.85	1.3	1.82	1.5	2.11	0.97	0.81	0.97	- -
Book Value per Share	- -	-0.06	-0.49	-1.85	-10.93	-16.64	-23.44	-26.29	-25.55	-25.5	-27.25	-29.8	- -
Tangible Book Value per Share	-2.9	0.96	1.14	0.71	1.43	2.92	-0.61	-1.93	-1.39	-1.47	-1.49	-2.41	- -

BB Liquidating Inc.

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Per Share Data Items (USD)