CMS Energy Corporation Preferred Stock Financial Ratios — CMS/PB

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 (%)	10.96	9.83	11.37	11.23	11.01	10.76	10.2	10.54	10.16	10.04	9.75	9.74	8.29	9.09	9.42
Return on Assets (%)	3.06	2.75	3.29	3.33	3.26	3.19	3.08	3.27	3.25	3.32	3.3	3.31	2.81	3.06	3.17
Return on Capital (%)	7.13	6.45	7.18	7.09	6.88	6.77	6.54	7.1	6.73	6.72	6.56	6.53	6.21	6.54	6.61
Return on Invested Capital (%)	6.75	6.2	6.83	6.98	6.69	6.55	6.36	6.44	6.04	6.09	5.51	5.41	4.89	5.38	5.51
Gross Margin (%)	27.71	29.92	31.15	30.28	34.68	37.55	38.57	35.29	38.06	41.9	37.39	33.38	39.66	44.11	43.31
EBITDA Margin (%)	24.42	26.21	27.53	26.66	30.54	32.98	34.28	30.91	33.23	36.58	32.08	28.48	33.56	37.58	37.17
Operating Margin (%)	15.75	16.36	17.69	16.69	18.48	19.74	20.12	16.48	17.72	19.73	16.74	15.13	17.69	21.04	21.75
Incremental Operating Margin (%)	60.82	0.42	43.51	3.55	- -	- -	34.81	- -	- -	- -	- -	5.13	- -	726.47	27.25
Pretax Margin (%)	11.74	12.24	13.92	12.84	14.53	15.44	15.61	13.1	14.55	15.98	14.58	13.31	14.35	16.79	17.42
Profit Margin (%)	7.47	7.3	8.45	8.34	9.64	10.16	10.16	10.91	11.65	13.18	12.36	11.59	12.1	14.01	13.88
Net Income to Common Margin (%)	7.44	7.27	8.42	8.31	9.6	10.13	10.13	10.88	11.62	13.15	12.33	11.57	12.07	13.99	13.86
Effective Tax Rate (%)	36.38	40.35	39.32	35.05	33.71	34.19	34.91	16.77	19.94	17.49	15.23	12.9	15.66	16.54	20.32
Dvd Payout Ratio (%)	80.43	89.93	76.32	80.88	80.07	81.27	59.34	57.45	58.41	57.34	85.65	83.68	88.42	83.6	84.88
Sustainable Growth Rate (%)	2.14	0.99	2.69	2.15	2.2	2.02	4.15	4.49	4.23	4.28	1.4	1.59	0.96	1.49	1.42

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	4,517	4,623	4,951	5,482	5,770	6,158	6,187	6,993	7,435	8,489	8,862	10,332	11,324	12,231	13,529
ST Debt	363	173	234	205	469	795	535	145	311	691	766	1,095	824	521	919
LT Debt	4,154	4,450	4,717	5,277	5,301	5,363	5,652	6,848	7,124	7,798	8,096	9,237	10,500	11,710	12,610
Total Debt/EBITDA	2.96	2.93	2.85	3.02	3.06	3.08	2.9	3.5	3.51	3.75	3.94	4.45	4.71	4.52	4.48
Net Debt/EBITDA	2.79	2.83	2.76	2.92	2.98	2.96	2.84	3.45	3.47	3.72	3.9	4.41	4.68	4.48	4.44
Total Debt/EBIT	4.59	4.7	4.43	4.83	5.07	5.14	4.94	6.57	6.58	6.95	7.54	8.38	8.93	8.07	7.65
Net Debt/EBIT	4.33	4.54	4.29	4.66	4.92	4.94	4.83	6.46	6.5	6.89	7.48	8.31	8.87	8	7.59
EBITDA to Interest Expense	5.76	6.46	7.1	7.25	7.53	7.46	7.73	6.91	7.13	7.08	7.24	6.93	5.37	5.22	5.4
EBITDA-CapEx/Interest Expense	5.55	6.26	6.87	6.97	7.09	7.04	7.31	6.41	6.71	6.67	6.81	6.61	3.24	4.93	5
EBIT to Interest Expense	3.72	4.03	4.56	4.54	4.56	4.47	4.54	3.69	3.8	3.82	3.78	3.68	2.83	2.92	3.16
Interest Expense	265	244	245	250	250	268	276	289	297	320	311	335	448	518	560
Common Equity/Total Assets	27.77	27.88	29.79	29.36	29.56	29.59	30.57	31.25	32.49	33.54	34.05	33.82	33.79	33.43	33.81
Long-Term Debt/Equity (%)	94.54	97.12	97.12	100	95.58	90.3	87.11	98.96	92.08	91.14	87.25	90.96	97.22	102.44	100.25
Long-Term Debt/Capital (%)	46.62	48.34	48.09	49.05	46.85	44.33	44.59	49.22	46.95	45.75	44.63	45.09	47.46	49.49	48.3
Long-Term Debt/Total Assets (%)	26.52	27.34	29.16	29.57	28.45	26.89	26.79	31.09	30.06	30.7	29.83	30.88	32.96	34.35	34
Total Debt/Equity (%)	102.8	100.89	101.94	103.88	104.04	103.69	95.36	101.05	96.1	99.22	95.51	101.74	104.85	107	107.56
Total Debt/Capital (%)	50.69	50.22	50.48	50.95	50.99	50.91	48.81	50.26	49	49.8	48.85	50.43	51.18	51.69	51.82
Total Debt/Total Assets (%)	28.84	28.41	30.6	30.72	30.96	30.87	29.32	31.75	31.37	33.42	32.65	34.54	35.55	35.88	36.48
Net Debt to Equity	97.06	97.45	98.72	100.21	101.01	99.63	93.28	99.49	94.97	98.33	94.77	100.88	104.17	106.01	106.72
Net Debt/Capital (%)	48.32	48.53	48.98	49.48	49.72	49.45	47.91	49.63	48.47	49.42	48.53	50.11	50.93	51.31	51.46
EBITDA	1,527	1,576	1,740	1,813	1,883	2,000	2,133	1,998	2,119	2,264	2,252	2,321	2,405	2,706	3,023
EBITDA-CapEx	1,471	1,527	1,684	1,743	1,773	1,888	2,018	1,852	1,992	2,135	2,119	2,216	1,452	2,552	2,802
Operating Income (Loss)	985	984	1,118	1,135	1,139	1,197	1,252	1,065	1,130	1,221	1,175	1,233	1,268	1,515	1,769

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	0.05	- -	0.01	0.05	0.03	0.06	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.02	0.01
Current Ratio	1.47	1.6	1.46	1.74	1.11	0.93	0.92	1.22	1.09	0.88	0.85	1.13	1.01	1.03	0.85
Quick Ratio	0.59	0.63	0.63	0.74	0.48	0.46	0.44	0.57	0.49	0.4	0.38	0.55	0.37	0.42	0.37
CFO/Avg Current Liab	0.94	0.89	0.93	0.97	1.18	0.88	0.81	0.91	1.08	0.66	0.86	0.37	0.89	0.95	0.76
Common Equity/Total Assets	27.77	27.88	29.79	29.36	29.56	29.59	30.57	31.25	32.49	33.54	34.05	33.82	33.79	33.43	33.81
Long-Term Debt/Equity (%)	94.54	97.12	97.12	100	95.58	90.3	87.11	98.96	92.08	91.14	87.25	90.96	97.22	102.44	100.25
Long-Term Debt/Capital (%)	46.62	48.34	48.09	49.05	46.85	44.33	44.59	49.22	46.95	45.75	44.63	45.09	47.46	49.49	48.3
Long-Term Debt/Total Assets (%)	26.52	27.34	29.16	29.57	28.45	26.89	26.79	31.09	30.06	30.7	29.83	30.88	32.96	34.35	34
Total Debt/Equity (%)	102.8	100.89	101.94	103.88	104.04	103.69	95.36	101.05	96.1	99.22	95.51	101.74	104.85	107	107.56
Total Debt/Capital (%)	50.69	50.22	50.48	50.95	50.99	50.91	48.81	50.26	49	49.8	48.85	50.43	51.18	51.69	51.82
Total Debt/Total Assets (%)	28.84	28.41	30.6	30.72	30.96	30.87	29.32	31.75	31.37	33.42	32.65	34.54	35.55	35.88	36.48
CFO/Total Liabilities	11.74	11.57	11.93	10.77	13.71	12	11.67	11.27	11.21	7.58	11.1	5.03	11.54	10.8	9.13
CFO/CapEx	23.63	27.61	24.13	19.34	16.31	15.01	14.83	11.66	14.09	9.89	14.9	9.47	2.55	15.88	10.13
Altman's Z-Score	1.12	1.09	1.16	1.14	0.99	0.94	0.92	0.9	0.87	0.81	0.79	0.74	0.65	0.63	0.62

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	6.85	7.05	7.22	7.68	7.52	7.66	7.34	7.36	7.47	7.36	7.98	6.66	5.84	7.36	7.19
Days Sales Outstanding	53.26	51.78	50.55	47.5	48.52	47.67	49.75	49.61	48.83	49.6	45.75	54.81	62.5	49.58	50.74
Inventory Turnover	3.85	3.74	4.48	5.34	4.81	5.47	5.98	6.43	6.39	6.17	7.17	6.16	4.26	4.79	6.03
Days Inventory Outstanding	94.72	97.7	81.52	68.33	75.86	66.74	61.07	56.76	57.12	59.18	50.94	59.25	85.64	76.19	60.57
Accounts Payable Turnover	8.61	7.58	7.57	7.6	5.97	5.93	5.87	5.86	5.96	5.68	6	6.79	5	4.52	4.26
Accounts Payable Turnover Days	42.41	48.16	48.24	48.05	61.1	61.54	62.2	62.25	61.28	64.24	60.79	53.72	72.95	80.74	85.65
Cash Conversion Cycle	105.58	101.32	83.83	67.78	63.28	52.88	48.62	44.12	44.67	44.53	35.89	60.34	75.19	45.03	25.66
Inventory to Cash Days	-41.46	-45.92	-30.97	-20.82	-27.35	-19.07	-11.33	-7.16	-8.29	-9.58	-5.19	-4.44	-23.14	-26.61	-9.83
Inventories	1,181	1,075	869	906	768	617	662	639	597	569	658	1,105	924	756	774
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	1,181	1,075	869	906	768	617	662	639	597	569	658	1,105	924	756	774

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	7,691	7,884	8,101	8,789	8,158	8,654	8,743	8,536	9,209	9,172	9,177	7,300	6,938	6,434	6,477
- Cash & Cash Equivalents	85	5	18	71	50	131	44	39	11	20	22	43	35	44	25
+ Preferred Equity and Hybrid Capital	44	44	37	37	37	37	37	37	37	37	37	37	37	37	37
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	4,517	4,623	4,951	5,482	5,770	6,158	6,187	6,993	7,435	8,489	8,862	10,332	11,324	12,231	13,529
Enterprise Value	12,167	12,546	13,071	14,237	13,915	14,718	14,923	15,527	16,670	17,678	18,054	17,626	18,264	18,658	20,018
Total Capital	8,911	9,205	9,808	10,759	11,316	12,097	12,675	13,913	15,172	17,045	18,141	20,487	22,124	23,662	26,107
Total Debt/Capital (%)	50.69	50.22	50.48	50.95	50.99	50.91	48.81	50.26	49	49.8	48.85	50.43	51.18	51.69	51.82
Total Debt / EV	0.37	0.37	0.38	0.39	0.41	0.42	0.41	0.45	0.45	0.48	0.49	0.59	0.62	0.66	0.68
EV/Sales	1.95	2.09	2.07	2.09	2.26	2.43	2.4	2.4	2.61	2.86	2.57	2.16	2.55	2.59	2.46
EV/EBITDA	7.97	7.96	7.51	7.85	7.39	7.36	7	7.77	7.87	7.81	8.02	7.59	7.59	6.9	6.62
EV/EBIT	12.35	12.75	11.69	12.54	12.22	12.3	11.92	14.58	14.75	14.48	15.37	14.3	14.4	12.32	11.32
EV/Cash Flow to Firm	8.16	8.37	8.72	9.39	7.1	7.92	7.92	7.99	8.22	11.48	8.04	13.71	6.5	6.48	7.46
EV/Free Cash Flow to Firm	8.48	8.65	9.05	9.84	7.52	8.43	8.43	8.64	8.77	12.53	8.55	14.93	9.85	6.85	8.13
Diluted Market Cap	7,691	7,884	8,101	8,789	8,158	8,654	8,743	8,536	9,209	9,172	9,177	7,300	6,938	6,434	6,477
Diluted Enterprise Value	12,167	12,546	13,071	14,237	13,915	14,718	14,923	15,527	16,670	17,678	18,054	17,626	18,264	18,658	20,018
EV per Share	144.67	149.17	155.42	169.29	165.46	175	177.44	184.63	198.22	210.18	214.65	209.58	217.17	221.84	238
TTM Sales	6,253	6,013	6,321	6,800	6,165	6,064	6,222	6,464	6,376	6,189	7,021	8,151	7,166	7,200	8,132
TTM EBITDA	1,527	1,576	1,740	1,813	1,883	2,000	2,133	1,998	2,119	2,264	2,252	2,321	2,405	2,706	3,023
TTM Operating Income	985	984	1,118	1,135	1,139	1,197	1,252	1,065	1,130	1,221	1,175	1,233	1,268	1,515	1,769
TTM Cash Flow to Firm	1,492	1,499	1,500	1,516	1,960	1,857	1,885	1,944	2,028	1,540	2,246	1,286	2,808	2,878	2,684
TTM Free Cash Flow to Firm	1,436	1,450	1,444	1,446	1,850	1,745	1,770	1,798	1,901	1,411	2,113	1,181	1,855	2,724	2,463

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	6.07	6.05	6.26	6.85	4.84	5.52	5.5	5.48	5.54	8	4.96	8.21	4.7	2.81	3.21
EV/EBIT	12.35	12.75	11.69	12.54	12.22	12.3	11.92	14.58	14.75	14.48	15.37	14.3	14.4	12.32	11.32
Enterprise Value	12,167	12,546	13,071	14,237	13,915	14,718	14,923	15,527	16,670	17,678	18,054	17,626	18,264	18,658	20,018
Low Price	77	87	92.6	92.87	95	95.35	100.15	96.93	100.81	99.6	106.09	83.5	75.02	74.5	73.5
EV/Sales	1.95	2.09	2.07	2.09	2.26	2.43	2.4	2.4	2.61	2.86	2.57	2.16	2.55	2.59	2.46
EV/EBITDA	7.97	7.96	7.51	7.85	7.39	7.36	7	7.77	7.87	7.81	8.02	7.59	7.59	6.9	6.62
Price/Earnings	16.54	18.04	15.23	15.56	13.78	14.09	13.88	12.14	12.43	11.27	10.6	7.74	8.02	6.39	5.75
Price/Earnings Average	15.17	18.26	15.48	14.73	14.35	14.07	13.77	12.29	11.87	11.24	10.69	8.77	8.56	6.77	5.81
Price/Earnings High	16.82	19.24	16.12	16.34	14.91	14.9	14.14	12.67	12.53	11.68	10.93	9.91	9.59	7.92	6.22
Price/Earnings Low	13.93	16.74	14.64	13.82	13.5	13.06	13.37	11.6	11.44	10.29	10.3	7.45	7.29	6.22	5.49
Price/Book Value	1.77	1.74	1.68	1.68	1.48	1.47	1.36	1.24	1.2	1.08	0.99	0.72	0.64	0.56	0.52
Price/Book Value Average	1.62	1.76	1.71	1.59	1.54	1.46	1.34	1.26	1.14	1.07	1	0.82	0.69	0.6	0.52
Price/Book Value High	1.8	1.85	1.78	1.76	1.6	1.55	1.38	1.29	1.21	1.12	1.02	0.92	0.77	0.7	0.56
Price/Book Value Low	1.49	1.61	1.62	1.49	1.45	1.36	1.31	1.18	1.1	0.98	0.97	0.69	0.59	0.55	0.49
Price/Tangible Book Value	1.77	1.74	1.68	1.68	1.48	1.47	1.36	1.24	1.2	1.08	0.99	0.72	0.64	0.56	0.52
Price/Tangible Book Value Average	1.62	1.76	1.71	1.59	1.54	1.46	1.34	1.26	1.14	1.07	1	0.82	0.69	0.6	0.52
Price/Tangible Book Value High	1.8	1.85	1.78	1.76	1.6	1.55	1.38	1.29	1.21	1.12	1.02	0.92	0.77	0.7	0.56
Price/Tangible Book Value Low	1.49	1.61	1.62	1.49	1.45	1.36	1.31	1.18	1.1	0.98	0.97	0.69	0.59	0.55	0.49
Price/Sales	1.23	1.31	1.28	1.29	1.32	1.43	1.41	1.32	1.44	1.48	1.31	0.9	0.97	0.89	0.8
Price/Sales Average	1.13	1.33	1.3	1.22	1.38	1.42	1.39	1.34	1.38	1.48	1.32	1.01	1.03	0.95	0.81
Price/Sales High	1.25	1.4	1.36	1.36	1.43	1.51	1.43	1.38	1.46	1.54	1.35	1.15	1.16	1.11	0.86
Price/Sales Low	1.04	1.22	1.23	1.15	1.3	1.32	1.35	1.26	1.33	1.35	1.27	0.86	0.88	0.87	0.76
Price/Cash Flow	5.81	5.83	6	6.49	4.55	5.15	5.13	5.01	5.14	7.19	4.63	7.34	2.86	2.63	2.89
Price/Cash Flow Average	5.33	5.9	6.09	6.15	4.73	5.14	5.09	5.07	4.91	7.17	4.67	8.32	3.05	2.79	2.93
Price/Cash Flow High	5.91	6.21	6.35	6.82	4.92	5.44	5.23	5.23	5.19	7.45	4.77	9.4	3.41	3.26	3.13
Price/Cash Flow Low	4.89	5.41	5.76	5.77	4.45	4.77	4.94	4.79	4.74	6.57	4.5	7.06	2.6	2.56	2.76
Price/Free Cash Flow Average	5.57	6.12	6.36	6.48	5.04	5.51	5.45	5.55	5.29	7.98	5	9.3	5.01	2.97	3.25
Price/Free Cash Flow High	6.17	6.45	6.62	7.19	5.24	5.83	5.6	5.72	5.58	8.29	5.12	10.51	5.62	3.48	3.48
Price/Free Cash Flow Low	5.11	5.61	6.01	6.08	4.74	5.11	5.3	5.24	5.1	7.3	4.83	7.9	4.27	2.73	3.06
EV/Sales Average	1.84	2.1	2.09	2.03	2.31	2.42	2.39	2.42	2.55	2.85	2.58	2.28	2.61	2.64	2.47
EV/Sales High	1.97	2.17	2.14	2.16	2.37	2.51	2.43	2.46	2.63	2.91	2.61	2.41	2.74	2.81	2.53
EV/Sales Low	1.75	1.99	2.02	1.95	2.23	2.32	2.35	2.34	2.5	2.73	2.54	2.13	2.46	2.57	2.43
EV/EBITDA Average	7.55	8.02	7.59	7.6	7.57	7.35	6.96	7.82	7.67	7.8	8.05	8.01	7.79	7.03	6.65
EV/EBITDA High	8.05	8.29	7.79	8.1	7.75	7.6	7.07	7.96	7.9	7.96	8.14	8.47	8.16	7.47	6.8
EV/EBITDA Low	7.17	7.6	7.33	7.31	7.3	7.04	6.85	7.58	7.52	7.46	7.9	7.47	7.33	6.83	6.52
EV/EBIT Average	11.71	12.85	11.81	12.13	12.51	12.28	11.86	14.68	14.39	14.46	15.43	15.08	14.77	12.57	11.36
EV/EBIT High	12.48	13.28	12.12	12.93	12.81	12.71	12.05	14.93	14.82	14.76	15.61	15.95	15.47	13.34	11.62
EV/EBIT Low	11.12	12.17	11.41	11.68	12.07	11.77	11.66	14.22	14.11	13.83	15.15	14.07	13.91	12.2	11.15
Last Price	91.45	93.74	96.32	104.51	97	102.9	103.96	101.5	109.5	109.05	109.11	86.8	82.5	76.5	77.01
High Price	92.99	99.98	102	109.75	104.99	108.75	105.95	105.9	110.4	113.08	112.5	111.1	98.63	94.87	83.37
Enterprise Value Average	11,530	12,640	13,204	13,772	14,249	14,702	14,853	15,633	16,255	17,658	18,131	18,595	18,727	19,037	20,089
Enterprise Value High	12,296	13,070	13,548	14,678	14,587	15,210	15,090	15,897	16,746	18,017	18,339	19,670	19,621	20,203	20,553
Enterprise Value Low	10,952	11,979	12,758	13,258	13,747	14,083	14,603	15,143	15,939	16,883	17,800	17,348	17,635	18,490	19,723

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	84	84	84	84	84	84	84	84	84	84	84	84	84	84	84
Diluted Weighted Avg Shares	84	84	84	84	84	84	84	84	84	84	84	84	84	84	84
Basic Weighted Avg Shares	84	84	84	84	84	84	84	84	84	84	84	84	84	84	84
Revenue per Share	74.35	71.5	75.16	80.86	73.31	72.1	73.98	76.86	75.81	73.58	83.48	96.92	85.21	85.6	96.68
EBITDA per Share	18.16	18.74	20.69	21.56	22.39	23.78	25.36	23.76	25.2	26.92	26.77	27.6	28.6	32.17	35.94
Operating Income per Share	11.71	11.7	13.29	13.5	13.54	14.23	14.89	12.66	13.44	14.52	13.97	14.66	15.08	18.01	21.03
Basic EPS, GAAP	5.53	5.2	6.33	6.72	7.04	7.3	7.49	8.36	8.81	9.68	10.3	11.21	10.29	11.97	13.4
Basic EPS from Cont Ops	5.55	5.22	6.35	6.74	7.06	7.32	7.51	8.38	8.83	9.7	10.32	11.24	10.31	12	13.42
Diluted EPS, GAAP	5.53	5.2	6.33	6.72	7.04	7.3	7.49	8.36	8.81	9.68	10.3	11.21	10.29	11.97	13.4
Diluted EPS from Cont Ops	5.55	5.22	6.35	6.74	7.06	7.32	7.51	8.38	8.83	9.7	10.32	11.24	10.31	12	13.42
Dividend per Share	4.47	4.7	4.85	5.46	5.66	5.96	4.48	4.84	5.18	5.55	8.61	9.17	8.29	9.48	10.7
Cash Flow per Share	15.73	16.09	16.06	16.1	21.33	19.99	20.27	20.25	21.28	15.17	23.56	11.82	28.89	29.08	26.61
Free Cash Flow per Basic Share	15.07	15.51	15.4	15.27	20.02	18.66	18.91	18.51	19.77	13.64	21.98	10.57	17.56	27.25	23.98
Cash & Equivalents per Share	1.01	0.06	0.21	0.84	0.59	1.56	0.52	0.46	0.13	0.24	0.26	0.51	0.42	0.52	0.3
Book Value per Share	51.72	53.96	57.31	62.31	65.51	70.18	76.71	81.84	91.56	101.29	109.88	120.31	127.98	135.47	149.1
Tangible Book Value per Share	51.72	53.96	57.31	62.31	65.51	70.18	76.71	81.84	91.56	101.29	109.88	120.31	127.98	135.47	149.1