Texas Instruments Incorporated Financial Ratios — TXN Stock

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 (%)	20.91	16.05	19.86	26.62	29.37	35.21	35.39	57.73	56.05	61.84	69	62.69	41.37	28.4	30.15
Return on Assets (%)	13.19	8.68	11.1	15.54	17.77	22.01	21.61	32.09	28.54	29.94	35.29	33.73	21.86	14.14	14.27
Return on Capital (%)	16.81	11.06	13.72	18.65	20.97	25.96	26.17	39.92	35.59	36.99	42.08	39.92	26.52	17.9	18.01
Return on Invested Capital (%)	16.62	10.69	13.52	18.46	20.94	25.02	25.69	39.07	34.39	34.95	41.16	39.25	24.86	16.33	17.29
Gross Margin (%)	49.3	49.65	52.14	56.93	58.27	61.76	64.26	65.11	63.71	64.1	67.47	68.76	62.9	58.14	57.02
EBITDA Margin (%)	29.85	26.31	33.83	39.69	41.96	43.46	46.7	48.57	47.09	47.62	54.04	55.52	48.91	45.04	45.37
Operating Margin (%)	24.89	20.95	24.45	32.4	35.23	38.59	42.86	44.56	41.54	42.29	49.91	51.91	41.85	34.15	34.72
Incremental Operating Margin (%)	425.97	80.44	- -	147.86	- -	156.49	78.76	75.58	75.59	180.77	78.29	73.69	122.2	105.96	39.15
Pretax Margin (%)	21.51	15.09	22.56	29.7	32.43	36.87	40.64	42.36	39.82	41.61	48.62	50.09	42.34	34.86	32.29
Profit Margin (%)	16.28	13.72	17.71	21.63	22.97	26.89	24.61	35.35	34.88	38.69	42.35	43.68	37.16	30.68	28.28
Net Income to Common Margin (%)	16.28	13.72	17.71	21.63	22.97	26.89	24.61	35.35	34.88	38.69	42.35	43.68	37.16	30.68	28.28
Effective Tax Rate (%)	24.33	9.1	21.5	27.18	29.17	27.08	39.44	16.54	12.41	7.01	12.89	12.79	12.24	11.99	12.42
Dvd Payout Ratio (%)	28.8	46.56	54.35	46.9	48.36	45.79	57.14	45.79	59.96	61.23	50.02	49.11	70	99.92	99.96
Sustainable Growth Rate (%)	14.89	8.58	9.07	14.13	15.17	19.09	15.17	31.3	22.45	23.97	34.48	31.9	12.41	0.02	0.01

Credit (USD)

Credit Ratios API ChatGPT

	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	5,592	5,686	5,158	4,631	4,120	3,609	4,077	5,068	6,062	7,047	8,124	8,735	11,223	13,596	14,048
ST Debt	1,381	1,500	1,000	1,001	1,000	631	500	749	500	550	500	500	599	750	500
LT Debt	4,211	4,186	4,158	3,630	3,120	2,978	3,577	4,319	5,562	6,497	7,624	8,235	10,624	12,846	13,548
Total Debt/EBITDA	1.36	1.69	1.25	0.89	0.76	0.62	0.58	0.66	0.9	1.02	0.82	0.79	1.31	1.93	1.75
Net Debt/EBITDA	1.12	1.27	0.86	0.66	0.57	0.42	0.35	0.34	0.5	0.54	0.31	0.51	0.96	1.48	1.35
Total Debt/EBIT	1.87	2.88	1.82	1.17	0.95	0.74	0.67	0.75	1.06	1.2	0.91	0.86	1.53	2.49	2.33
Net Debt/EBIT	1.54	2.16	1.25	0.87	0.72	0.51	0.4	0.39	0.59	0.63	0.35	0.56	1.13	1.9	1.8
EBITDA to Interest Expense	97.62	39.69	43.46	55.07	60.61	72.63	89.58	61.34	39.84	36.24	53.88	51.96	24.27	13.87	14.77
EBITDA-CapEx/Interest Expense	78.19	33.87	43.46	55.07	60.61	72.63	89.58	61.34	39.84	36.24	53.88	51.96	24.27	13.87	14.77
EBIT to Interest Expense	81.4	31.61	31.41	44.96	50.89	64.49	82.21	56.27	35.15	32.19	49.76	48.58	20.77	10.51	11.31
Interest Expense	42	85	95	94	90	80	78	125	170	190	184	214	353	508	543
Common Equity/Total Assets	53.43	54.75	57.07	59.81	61.28	63.74	58.59	52.48	49.43	47.48	54.03	53.58	52.24	47.6	47.05
Long-Term Debt/Equity (%)	38.45	38.19	38.48	34.94	31.37	28.44	34.6	48.02	62.45	70.72	57.18	56.49	62.88	76	83.25
Long-Term Debt/Capital (%)	25.45	25.15	26.04	24.17	22.18	21.15	24.82	30.71	37.16	40.02	35.53	35.33	37.78	42.12	44.68
Long-Term Debt/Total Assets (%)	20.54	20.91	21.96	20.9	19.22	18.12	20.28	25.2	30.87	33.57	30.9	30.27	32.84	36.18	39.17
Total Debt/Equity (%)	51.06	51.87	47.73	44.57	41.42	34.46	39.44	56.35	68.06	76.71	60.93	59.92	66.42	80.44	86.33
Total Debt/Capital (%)	33.8	34.16	32.31	30.83	29.29	25.63	28.29	36.04	40.5	43.41	37.86	37.47	39.91	44.58	46.33
Total Debt/Total Assets (%)	27.28	28.4	27.24	26.66	25.39	21.96	23.11	29.57	33.64	36.42	32.92	32.11	34.69	38.29	40.62
Net Debt to Equity	42	38.96	32.67	33.03	31.37	23.44	23.42	29.24	37.79	40.18	23.33	39	48.88	61.5	66.51
Net Debt/Capital (%)	29.58	28.03	24.63	24.83	23.88	18.99	18.98	22.63	26.86	28.12	18.48	28.06	32.83	38.08	39.94
EBITDA	4,100	3,374	4,129	5,177	5,455	5,810	6,987	7,667	6,773	6,886	9,914	11,119	8,569	7,045	8,022
EBITDA-CapEx	3,284	2,879	4,129	5,177	5,455	5,810	6,987	7,667	6,773	6,886	9,914	11,119	8,569	7,045	8,022
Operating Income (Loss)	3,419	2,687	2,984	4,226	4,580	5,159	6,412	7,034	5,975	6,116	9,156	10,397	7,331	5,341	6,140

Liquidity (USD)

Liquidity Ratios API ChatGPT

	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	0.84	1.16	1.39	1.33	1.26	1.54	1.98	1.71	2.54	2.75	3.79	3.04	2.58	2.08	1.55
Current Ratio	2.24	2.4	2.92	2.79	2.77	3.29	3.87	3.27	4.13	4.28	5.33	4.7	4.55	4.12	4.35
Quick Ratio	1.28	1.51	1.83	1.8	1.72	2.1	2.55	2.2	3.04	3.34	4.45	3.67	3.12	2.55	2.17
CFO/Avg Current Liab	1.19	0.99	1.1	1.5	1.69	1.91	2.37	3.04	2.89	2.72	3.53	3.14	2.04	1.81	2.1
Common Equity/Total Assets	53.43	54.75	57.07	59.81	61.28	63.74	58.59	52.48	49.43	47.48	54.03	53.58	52.24	47.6	47.05
Long-Term Debt/Equity (%)	38.45	38.19	38.48	34.94	31.37	28.44	34.6	48.02	62.45	70.72	57.18	56.49	62.88	76	83.25
Long-Term Debt/Capital (%)	25.45	25.15	26.04	24.17	22.18	21.15	24.82	30.71	37.16	40.02	35.53	35.33	37.78	42.12	44.68
Long-Term Debt/Total Assets (%)	20.54	20.91	21.96	20.9	19.22	18.12	20.28	25.2	30.87	33.57	30.9	30.27	32.84	36.18	39.17
Total Debt/Equity (%)	51.06	51.87	47.73	44.57	41.42	34.46	39.44	56.35	68.06	76.71	60.93	59.92	66.42	80.44	86.33
Total Debt/Capital (%)	33.8	34.16	32.31	30.83	29.29	25.63	28.29	36.04	40.5	43.41	37.86	37.47	39.91	44.58	46.33
Total Debt/Total Assets (%)	27.28	28.4	27.24	26.66	25.39	21.96	23.11	29.57	33.64	36.42	32.92	32.11	34.69	38.29	40.62
CFO/Total Liabilities	34.11	37.68	41.62	58.06	69.97	77.44	73.42	88.28	72.98	60.4	77.19	69.04	41.55	33.96	39.06
CFO/CapEx	3.99	6.9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	7.31	7.88	- -	- -	15.13	14.35	13.86	15.67	16.46	20.68	23.5	18.84	11.42	9.85	9.25

Working Capital (USD)

Working Capital Ratios API ChatGPT

	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	8.97	9.24	10.03	10.65	10.78	11	11.76	12.7	12.61	11.62	11.78	11.14	9.52	8.92	9.6
Days Sales Outstanding	40.7	39.49	36.38	34.26	33.85	33.2	31.04	28.73	28.94	31.4	30.99	32.77	38.36	40.91	38
Inventory Turnover	4.21	3.64	3.35	3.2	3.12	2.94	2.85	2.64	2.47	2.62	3.09	2.68	1.92	1.54	1.63
Days Inventory Outstanding	86.7	100.2	108.98	114.18	116.9	124.25	127.89	138.32	147.5	139.05	118.19	136.12	189.69	237.67	224.1
Accounts Payable Turnover	11.61	12.02	13.43	13.2	12.96	13.33	12.79	12.22	11.55	12.82	12.01	9.99	9.37	8.72	9.99
Accounts Payable Turnover Days	31.45	30.36	27.18	27.64	28.17	27.38	28.53	29.87	31.59	28.48	30.38	36.53	38.97	41.84	36.52
Cash Conversion Cycle	95.95	109.32	118.18	120.8	122.58	130.06	130.4	137.18	144.85	141.98	118.8	132.36	189.08	236.73	225.58
Inventory to Cash Days	-46	-60.71	-72.6	-79.92	-83.05	-91.05	-96.85	-109.59	-118.55	-107.66	-87.2	-103.36	-151.33	-196.76	-186.09
Inventories	1,788	1,757	1,731	1,784	1,691	1,790	1,957	2,217	2,001	1,955	1,910	2,757	3,999	4,527	4,804
Raw Materials	115	116	102	101	109	102	126	181	176	180	245	353	420	395	465
Work In Process	1,004	935	919	896	846	954	1,089	1,070	916	964	1,067	1,546	2,109	2,214	2,372
Finished Goods	669	706	710	787	736	734	742	966	909	811	598	858	1,470	1,918	1,967
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	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	33,916	42,576	- -	- -	79,508	65,917	76,641	101,414	137,632	233,018	326,277	268,523	174,369	184,810	156,508
- Cash & Cash Equivalents	992	1,416	1,627	1,199	1,000	1,154	1,656	2,438	2,437	3,107	4,631	3,050	2,964	3,200	3,225
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	5,592	5,686	5,158	4,631	4,120	3,609	4,077	5,068	6,062	7,047	8,124	8,735	11,223	13,596	14,048
Enterprise Value	36,573	44,297	- -	- -	80,410	66,036	76,249	102,249	138,307	233,497	324,662	268,191	177,017	190,826	165,675
Total Capital	16,544	16,647	15,965	15,021	14,066	14,082	14,414	14,062	14,969	16,234	21,457	23,312	28,120	30,499	30,321
Total Debt/Capital (%)	33.8	34.16	32.31	30.83	29.29	25.63	28.29	36.04	40.5	43.41	37.86	37.47	39.91	44.58	46.33
Total Debt / EV	0.15	0.13	- -	- -	0.05	0.05	0.05	0.05	0.04	0.03	0.03	0.03	0.06	0.07	0.08
EV/Sales	2.66	3.45	- -	- -	6.19	4.94	5.1	6.48	9.62	16.15	17.7	13.39	10.1	12.2	9.37
EV/EBITDA	8.92	13.13	- -	- -	14.74	11.37	10.91	13.34	20.42	33.91	32.75	24.12	20.66	27.09	20.65
EV/EBIT	12.22	22.45	- -	- -	18.6	13.6	12.53	15.23	24.17	39.62	36.23	26.45	24.15	34.92	27.51
EV/Cash Flow to Firm	11.12	12.69	- -	- -	18.03	14.13	14.09	14.02	20.35	36.97	36.41	30.11	26.3	28.21	21.72
EV/Free Cash Flow to Firm	14.8	14.78	- -	- -	18.03	14.13	14.09	14.02	20.35	36.97	36.41	30.11	26.3	28.21	21.72
Diluted Market Cap	34,854	44,030	- -	- -	82,003	67,573	78,889	106,227	140,581	236,477	330,515	274,450	175,712	186,389	157,544
Diluted Enterprise Value	37,511	45,751	- -	- -	82,905	67,692	78,497	107,062	141,256	236,956	328,900	274,118	178,360	192,405	166,711
EV per Share	6.89	8.58	- -	- -	17.06	14.23	16.64	23.21	31.84	54.5	75.39	63.52	41.79	44.94	39.19
TTM Sales	13,735	12,825	12,205	13,045	13,000	13,370	14,961	15,784	14,383	14,461	18,344	20,028	17,519	15,641	17,682
TTM EBITDA	4,100	3,374	4,129	5,177	5,455	5,810	6,987	7,667	6,773	6,886	9,914	11,119	8,569	7,045	8,022
TTM Operating Income	3,419	2,687	2,984	4,226	4,580	5,159	6,412	7,034	5,975	6,116	9,156	10,397	7,331	5,341	6,140
TTM Cash Flow to Firm	3,288	3,491	3,459	4,122	4,461	4,672	5,410	7,293	6,798	6,316	8,916	8,907	6,730	6,765	7,629
TTM Free Cash Flow to Firm	2,472	2,996	3,459	4,122	4,461	4,672	5,410	7,293	6,798	6,316	8,916	8,907	6,730	6,765	7,629

Multiples (USD)

Valuation Multiples API ChatGPT

	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	14.28	15.08	- -	- -	18.65	14.65	14.71	14.78	21.14	38.52	37.75	31.47	27.37	29.5	22.02
EV/EBIT	12.22	22.45	- -	- -	18.6	13.6	12.53	15.23	24.17	39.62	36.23	26.45	24.15	34.92	27.51
Enterprise Value	36,573	44,297	- -	- -	80,410	66,036	76,249	102,249	138,307	233,497	324,662	268,191	177,017	190,826	165,675
Low Price	5.86	6.56	- -	- -	15.1	12.57	16.73	21.46	31.68	26.72	52.12	57.04	36.65	38.02	28.51
EV/Sales	2.66	3.45	- -	- -	6.19	4.94	5.1	6.48	9.62	16.15	17.7	13.39	10.1	12.2	9.37
EV/EBITDA	8.92	13.13	- -	- -	14.74	11.37	10.91	13.34	20.42	33.91	32.75	24.12	20.66	27.09	20.65
Price/Earnings	15.32	24.73	- -	- -	26.63	18.34	20.98	18.65	27.55	41.72	41.95	31.03	26.76	38.54	31.36
Price/Earnings Average	16.42	23.34	- -	- -	25.18	17.28	20.98	18.15	27.63	38.98	38	32.79	45.28	43.71	33.1
Price/Earnings High	17.77	24.73	- -	- -	26.63	18.34	20.98	18.65	27.71	53.23	47.34	42.49	60.1	58.07	40.06
Price/Earnings Low	14.05	19.66	- -	- -	23.83	16.23	20.98	17.39	27.54	20.5	28.86	27.83	23.82	33.67	24.15
Price/Book Value	3.1	3.88	- -	- -	7.99	6.29	7.41	11.28	15.45	25.36	24.47	18.42	10.32	10.93	9.62
Price/Book Value Average	3.32	3.67	- -	- -	7.56	5.93	7.41	10.97	15.5	23.69	22.17	19.47	17.46	12.4	10.15
Price/Book Value High	3.59	3.88	- -	- -	7.99	6.29	7.41	11.28	15.54	32.36	27.61	25.23	23.18	16.47	12.29
Price/Book Value Low	2.84	3.09	- -	- -	7.15	5.57	7.41	10.51	15.45	12.46	16.83	16.52	9.19	9.55	7.4
Price/Tangible Book Value	9.99	10.92	- -	- -	20.1	13.75	15.58	25.9	33.28	49.55	36.72	26.68	14.16	15.04	13.37
Price/Tangible Book Value Average	10.71	10.31	- -	- -	19.01	12.96	15.58	25.2	33.37	46.29	33.26	28.2	23.97	17.06	14.11
Price/Tangible Book Value High	11.59	10.92	- -	- -	20.1	13.75	15.58	25.9	33.47	63.21	41.43	36.54	31.81	22.67	17.08
Price/Tangible Book Value Low	9.16	8.68	- -	- -	17.99	12.17	15.58	24.15	33.27	24.34	25.26	23.93	12.61	13.14	10.29
Price/Sales	2.49	3.39	- -	- -	6.12	4.93	5.16	6.59	9.61	16.14	17.77	13.56	9.94	11.83	8.87
Price/Sales Average	2.67	3.2	- -	- -	5.78	4.65	5.16	6.41	9.64	15.08	16.1	14.32	16.83	13.41	9.36
Price/Sales High	2.89	3.39	- -	- -	6.12	4.93	5.16	6.59	9.66	20.59	20.05	18.56	22.33	17.82	11.33
Price/Sales Low	2.29	2.7	- -	- -	5.47	4.36	5.16	6.15	9.61	7.93	12.22	12.16	8.85	10.33	6.83
Price/Cash Flow	10.52	12.74	- -	- -	18.08	14.29	14.4	14.48	20.79	38.02	37.22	31.13	27.13	29.28	21.93
Price/Cash Flow Average	11.27	12.03	- -	- -	17.1	13.46	14.4	14.08	20.85	35.52	33.72	32.9	45.92	33.2	23.14
Price/Cash Flow High	12.2	12.74	- -	- -	18.08	14.29	14.4	14.48	20.91	48.51	42	42.63	60.94	44.11	28.01
Price/Cash Flow Low	9.65	10.13	- -	- -	16.18	12.64	14.4	13.49	20.78	18.68	25.6	27.92	24.16	25.57	16.88
Price/Free Cash Flow Average	15.3	14.24	- -	- -	17.64	13.8	14.71	14.37	21.2	35.99	34.2	33.26	46.32	33.46	23.25
Price/Free Cash Flow High	16.57	15.08	- -	- -	18.65	14.65	14.71	14.78	21.26	49.14	42.59	43.1	61.48	44.45	28.13
Price/Free Cash Flow Low	13.1	12	- -	- -	16.69	12.96	14.71	13.77	21.14	18.92	25.96	28.23	24.37	25.77	16.96
EV/Sales Average	2.84	3.27	- -	- -	5.85	4.66	5.1	6.3	9.64	15.09	16.02	14.15	17	13.78	9.86
EV/Sales High	3.06	3.45	- -	- -	6.19	4.94	5.1	6.48	9.67	20.59	19.98	18.34	22.51	18.19	11.82
EV/Sales Low	2.46	2.77	- -	- -	5.54	4.37	5.1	6.04	9.61	7.95	12.15	12.01	9.01	10.71	7.33
EV/EBITDA Average	9.51	12.42	- -	- -	13.95	10.71	10.91	12.98	20.48	31.68	29.65	25.49	34.75	30.6	21.73
EV/EBITDA High	10.24	13.13	- -	- -	14.74	11.37	10.91	13.34	20.54	43.24	36.97	33.04	46.02	40.38	26.06
EV/EBITDA Low	8.23	10.55	- -	- -	13.21	10.06	10.91	12.44	20.41	16.69	22.48	21.63	18.43	23.77	16.16
EV/EBIT Average	13.03	21.24	- -	- -	17.61	12.82	12.53	14.82	24.24	37.01	32.81	27.95	40.62	39.45	28.95
EV/EBIT High	14.03	22.45	- -	- -	18.6	13.6	12.53	15.23	24.3	50.52	40.91	36.23	53.79	52.05	34.71
EV/EBIT Low	11.28	18.03	- -	- -	16.67	12.04	12.53	14.21	24.16	19.5	24.87	23.72	21.54	30.64	21.53
Last Price	6.39	8.24	- -	- -	16.87	14.2	16.73	23.02	31.69	54.39	75.77	63.6	41.16	43.52	37.03
High Price	7.41	8.24	- -	- -	16.87	14.2	16.73	23.02	31.87	69.38	85.49	87.09	92.46	65.57	47.3
Enterprise Value Average	38,995	41,916	- -	- -	76,103	62,246	76,249	99,491	138,701	218,163	293,960	283,413	297,749	215,599	174,357
Enterprise Value High	41,989	44,297	- -	- -	80,410	66,036	76,249	102,249	139,096	297,742	366,541	367,386	394,324	284,475	209,081
Enterprise Value Low	33,758	35,583	- -	- -	72,045	58,455	76,249	95,365	138,271	114,955	222,817	240,508	157,901	167,451	129,659

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	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

Shares Outstanding	5,310	5,165	5,046	4,878	4,713	4,642	4,582	4,405	4,344	4,285	4,306	4,222	4,236	4,247	4,227
Diluted Weighted Avg Shares	5,457	5,341	5,187	5,033	4,861	4,758	4,716	4,614	4,437	4,348	4,362	4,316	4,269	4,283	4,255
Basic Weighted Avg Shares	5,364	5,276	5,117	4,878	4,713	4,642	4,618	4,521	4,362	4,292	4,302	4,269	4,232	4,250	4,236
Revenue per Share	2.56	2.43	2.39	2.67	2.76	2.88	3.24	3.49	3.3	3.37	4.26	4.69	4.14	3.68	4.17
EBITDA per Share	0.76	0.64	0.81	1.06	1.16	1.25	1.51	1.7	1.55	1.6	2.3	2.6	2.02	1.66	1.89
Operating Income per Share	0.64	0.51	0.58	0.87	0.97	1.11	1.39	1.56	1.37	1.42	2.13	2.44	1.73	1.26	1.45
Basic EPS, GAAP	0.42	0.33	0.42	0.58	0.63	0.77	0.8	1.23	1.15	1.3	1.81	2.05	1.54	1.13	1.18
Basic EPS from Cont Ops	0.42	0.33	0.42	0.58	0.63	0.77	0.8	1.23	1.15	1.3	1.81	2.05	1.54	1.13	1.18
Diluted EPS, GAAP	0.41	0.33	0.42	0.56	0.61	0.76	0.78	1.21	1.13	1.29	1.78	2.03	1.52	1.12	1.18
Diluted EPS from Cont Ops	0.41	0.33	0.42	0.56	0.61	0.76	0.78	1.21	1.13	1.29	1.78	2.03	1.52	1.12	1.18
Dividend per Share	0.12	0.16	0.23	0.27	0.31	0.35	0.46	0.57	0.69	0.8	0.9	1.01	1.08	1.13	1.18
Cash Flow per Share	0.61	0.65	0.66	0.83	0.93	0.99	1.16	1.59	1.52	1.43	2.04	2.04	1.52	1.49	1.69
Free Cash Flow per Basic Share	0.45	0.55	0.66	0.83	0.93	0.99	1.16	1.59	1.52	1.43	2.04	2.04	1.52	1.49	1.69
Cash & Equivalents per Share	0.55	0.77	0.76	0.73	0.68	0.75	0.98	0.96	1.24	1.53	2.26	2.15	2.02	1.78	1.15
Book Value per Share	2.06	2.12	2.14	2.13	2.11	2.26	2.26	2.04	2.05	2.14	3.1	3.45	3.99	3.98	3.85
Tangible Book Value per Share	0.64	0.75	0.81	0.83	0.84	1.03	1.07	0.89	0.95	1.1	2.06	2.38	2.91	2.89	2.77