Cengage Learning Holdings II, Inc. Financial Ratios — CNGO

Profitability (USD)

	2010 Y	2011 Y	2012 Y	2013 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	4.12	-7.69	5.18	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	0.2	-0.36	0.24	-33.23	-3.35	-1.77	-1.1	-0.05	-2.91	-27.93	-3.95	-1.63	-1.5	-3.08	-4.53
Return on Capital (%)	5.36	-21.22	5.27	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	4.91	-18.5	4.59	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	54.44	53.44	54.51	51.5	32.88	40.68	46.21	48.38	47.06	47.74	48.9	51.57	51.39	52.83	55.95
EBITDA Margin (%)	34.66	34.02	39.09	34.49	13.9	23.05	30.32	25.87	23.42	27.45	27.18	27.82	27.1	24.37	29.3
Operating Margin (%)	24.17	22.57	20	10.88	-6.03	3.77	7.93	5.82	3.78	7.96	7.5	11.22	11.52	9.88	14.92
Incremental Operating Margin (%)	589.24	45.31	-21.3	68.51	- -	-491.79	-31.85	-490.32	87.92	-49.71	14.33	45.63	19.46	-19.57	-296.71
Pretax Margin (%)	1.71	0.41	1.55	-165.77	-14.07	-6.49	-5.42	-5.11	-9.77	-67.6	-7.89	-2.34	-2.34	-4.68	-8.09
Profit Margin (%)	0.37	-1.43	0.91	-123.09	-9.23	-4.44	-2.95	-0.12	-7.58	-68.49	-8.9	-3.25	-2.82	-5.38	-7.74
Net Income to Common Margin (%)	0.37	-1.43	0.91	-123.09	-9.23	-4.44	-2.95	-0.12	-7.58	-68.49	-8.9	-3.25	-2.82	-5.38	-7.74
Effective Tax Rate (%)	69.57	362.34	31.07	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	-195.31	- -	-464.04	-50	-4.52	-0.41	-0.09	- -	- -	-7.66	-37.41
Sustainable Growth Rate (%)	4.12	-7.69	5.18	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	5,766	5,690	5,681	5,790	2,017	2,000	2,272	2,252	2,252	2,372	2,305	2,296	2,200	1,680	1,667
ST Debt	121	65	108	5,790	58	40	33	7	17	82	52	29	29	26	24
LT Debt	5,644	5,626	5,573	- -	1,959	1,960	2,239	2,245	2,235	2,290	2,252	2,267	2,171	1,654	1,643
Total Debt/EBITDA	8.24	8.92	7.29	10.01	8.72	5.32	5.13	5.94	6.72	6.51	6.85	6.02	5.7	4.59	3.85
Net Debt/EBITDA	8.21	8.86	7.1	9.44	7.57	4.65	4.34	5.09	5.72	5.29	5.27	4.94	4.84	3.68	3.11
Total Debt/EBIT	11.82	13.44	14.26	31.73	-20.11	32.52	19.62	26.37	41.63	22.46	24.84	14.92	13.42	11.31	7.56
Net Debt/EBIT	11.77	13.36	13.88	29.93	-17.46	28.38	16.58	22.62	35.42	18.24	19.12	12.25	11.38	9.08	6.12
EBITDA to Interest Expense	1.36	1.33	1.79	1.03	1.72	2.48	2.82	2.34	1.89	2.09	2.16	2.36	2.03	1.96	2.78
EBITDA-CapEx/Interest Expense	1.25	1.15	1.2	0.62	-0.06	1.28	1.7	1.18	1.04	1.23	1.44	1.66	1.35	1.33	2.01
EBIT to Interest Expense	0.95	0.88	0.92	0.33	-0.74	0.41	0.74	0.53	0.3	0.6	0.59	0.95	0.86	0.8	1.42
Interest Expense	516	481	435	561	135	151	157	162	178	175	156	162	190	186	156
Common Equity/Total Assets	4.75	4.62	4.83	-72.58	-3.6	-5.7	-6.89	-7.16	-9.99	-45.66	-51.1	-52.98	-56.19	-60.29	-68.77
Long-Term Debt/Equity (%)	2,165.92	2,033.18	1,770.99	- -	132.89	156.19	234.69	245.34	277.96	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	92.15	93.29	92.22	- -	105.11	110.42	111.74	113.3	118.58	212	249.49	266.98	304.35	1,471.44	-10,878.81
Long-Term Debt/Total Assets (%)	74.54	76.33	74.26	- -	46.22	49.62	57.49	59.5	60.76	80.94	82.1	83.02	82.04	63.6	67.16
Total Debt/Equity (%)	2,212.51	2,056.56	1,805.21	-334.13	136.79	159.41	238.16	246.08	280.1	-1,772.94	-1,085.63	-889.12	-712.47	-431.46	-301.88
Total Debt/Capital (%)	94.13	94.36	94	261.02	108.2	112.7	113.39	113.64	119.49	219.59	255.29	270.37	308.44	1,494.75	-11,039.74
Total Debt/Total Assets (%)	76.14	77.21	75.7	117.65	47.57	50.64	58.34	59.68	61.22	83.84	84.01	84.07	83.14	64.61	68.15
Net Debt to Equity	2,202.15	2,044.2	1,757.71	-315.17	118.75	139.14	201.17	211.14	238.32	-1,439.46	-835.85	-730.05	-604.4	-346.25	-244.37
Net Debt/Capital (%)	94.11	94.33	93.84	289.02	109.56	114.75	116.21	116.24	123.71	269.63	398.5	376.17	420.36	-884.13	-497.02
EBITDA	699	638	779	579	231	376	443	379	335	364	336	382	386	366	433
EBITDA-CapEx	643	552	521	348	-8	194	267	191	185	214	225	269	256	248	312
Operating Income (Loss)	488	423	398	182	-100	62	116	85	54	106	93	154	164	148	221

Liquidity (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.04	0.06	0.2	0.05	0.53	0.54	0.74	0.66	0.62	0.61	0.75	0.56	0.39	0.37	0.35
Current Ratio	1.03	1.16	1.17	0.17	1.63	1.37	1.45	1.39	1.33	1.18	1.19	1	0.88	0.83	0.86
Quick Ratio	0.55	0.61	0.69	0.09	0.83	0.97	1.1	1.03	0.99	0.92	0.99	0.82	0.67	0.66	0.68
CFO/Avg Current Liab	1.05	0.54	0.64	0.04	0.11	0.68	0.67	0.53	0.37	0.27	0.45	0.33	0.24	0.24	0.27
Common Equity/Total Assets	4.75	4.62	4.83	-72.58	-3.6	-5.7	-6.89	-7.16	-9.99	-45.66	-51.1	-52.98	-56.19	-60.29	-68.77
Long-Term Debt/Equity (%)	2,165.92	2,033.18	1,770.99	- -	132.89	156.19	234.69	245.34	277.96	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	92.15	93.29	92.22	- -	105.11	110.42	111.74	113.3	118.58	212	249.49	266.98	304.35	1,471.44	-10,878.81
Long-Term Debt/Total Assets (%)	74.54	76.33	74.26	- -	46.22	49.62	57.49	59.5	60.76	80.94	82.1	83.02	82.04	63.6	67.16
Total Debt/Equity (%)	2,212.51	2,056.56	1,805.21	-334.13	136.79	159.41	238.16	246.08	280.1	-1,772.94	-1,085.63	-889.12	-712.47	-431.46	-301.88
Total Debt/Capital (%)	94.13	94.36	94	261.02	108.2	112.7	113.39	113.64	119.49	219.59	255.29	270.37	308.44	1,494.75	-11,039.74
Total Debt/Total Assets (%)	76.14	77.21	75.7	117.65	47.57	50.64	58.34	59.68	61.22	83.84	84.01	84.07	83.14	64.61	68.15
CFO/Total Liabilities	5.43	5.12	5.93	2.1	13.32	12.32	10.76	8.87	6.6	5.21	9.25	6.89	5.33	5.57	6.67
CFO/CapEx	7.05	4.21	1.65	0.6	1.54	1.83	1.8	1.35	1.26	1.03	2.45	1.83	1.22	1.41	1.65
Altman's Z-Score	2.89	2.8	2.32	-6.78	1.73	2.22	2.07	1.86	1.53	0.15	-0.13	0.05	-0.11	-0.24	-0.04

Working Capital (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	10.34	5.21	5.76	5.7	8.8	9.33	7.85	8.27	7.47	6.86	7.45	8.85	8.12	7.45	6.48
Days Sales Outstanding	35.3	70.04	63.35	64.09	41.49	39.11	46.48	44.11	48.87	53.17	48.97	41.26	44.96	48.97	56.33
Inventory Turnover	10.24	4.66	4.57	4.14	4.35	4.18	6.22	6.6	6.69	6.97	8.26	11.24	10.44	10.49	11.71
Days Inventory Outstanding	35.64	78.25	79.93	88.13	83.91	87.23	58.65	55.29	54.56	52.34	44.2	32.47	34.97	34.81	31.16
Accounts Payable Turnover	22.2	3.92	2.3	2.93	12.77	9.05	8.66	8.96	8.14	5.75	5.41	6.08	5.31	4.29	4.03
Accounts Payable Turnover Days	16.44	93.03	158.73	124.51	28.58	40.33	42.16	40.73	44.86	63.46	67.43	60.02	68.72	85.14	90.66
Cash Conversion Cycle	54.5	55.26	-15.45	27.71	96.83	86.01	62.97	58.67	58.57	42.05	25.75	13.72	11.21	-1.36	-3.17
Inventory to Cash Days	-0.33	-8.22	-16.58	-24.04	-42.42	-48.12	-12.17	-11.18	-5.69	0.83	4.76	8.79	9.99	14.16	25.16
Inventories	180	195	202	191	322	140	112	117	110	89	64	54	78	57	54
Raw Materials	4	3	3	2	2	2	1	- -	- -	- -	- -	- -	4	1	1
Work In Process	2	- -	1	2	1	1	- -	- -	- -	- -	- -	- -	1	1	- -
Finished Goods	174	192	198	186	319	137	111	116	109	89	64	54	74	55	53
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	1,730	1,335	1,105	381	508	790	792	1,184	747	828	1,299
- Cash & Cash Equivalents	27	34	150	329	266	254	352	319	336	366	458	348	269	265	256
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	5,766	5,690	5,681	5,790	2,017	2,000	2,272	2,252	2,252	2,372	2,305	2,296	2,200	1,680	1,667
Enterprise Value	5,739	5,656	5,532	5,462	3,481	3,081	3,026	2,314	2,424	2,796	2,639	3,131	2,678	2,243	2,710
Total Capital	6,125	6,031	6,044	2,218	1,864	1,775	2,004	1,981	1,885	1,080	903	849	713	112	-15
Total Debt/Capital (%)	94.13	94.36	94	261.02	108.2	112.7	113.39	113.64	119.49	219.59	255.29	270.37	308.44	1,494.75	-11,039.74
Total Debt / EV	1	1.01	1.03	1.06	0.58	0.65	0.75	0.97	0.93	0.85	0.87	0.73	0.82	0.75	0.62
EV/Sales	2.84	3.02	2.78	3.26	2.09	1.89	2.07	1.58	1.69	2.11	2.13	2.28	1.88	1.49	1.83
EV/EBITDA	8.21	8.86	7.1	9.44	15.06	8.2	6.83	6.1	7.23	7.68	7.85	8.21	6.94	6.13	6.25
EV/EBIT	11.77	13.36	13.88	29.93	- -	50.1	26.13	27.09	44.81	26.48	28.44	20.35	16.33	15.11	12.28
EV/Cash Flow to Firm	10.37	- -	7.62	9.82	7.62	7.07	7.52	8.99	7.4	8.44	5.87	7.27	6.92	5.89	7.77
EV/Free Cash Flow to Firm	9.41	- -	5.62	6.94	5	4.99	5.23	5.19	5.07	5.81	4.71	5.77	5.19	4.49	5.77
Diluted Market Cap	- -	- -	- -	- -	1,730	1,335	1,105	381	508	790	792	1,184	747	828	1,299
Diluted Enterprise Value	5,739	5,656	5,532	5,462	3,481	3,081	3,026	2,314	2,424	2,796	2,639	3,131	2,678	2,243	2,710
EV per Share	73.57	72.52	70.92	70.02	45.27	43.57	44.48	37.92	39.38	45.13	42.49	50.26	42.98	35.89	43.28
TTM Sales	2,018	1,876	1,993	1,678	1,663	1,630	1,460	1,466	1,431	1,327	1,238	1,372	1,424	1,503	1,478
TTM EBITDA	699	638	779	579	231	376	443	379	335	364	336	382	386	366	433
TTM Operating Income	488	423	398	182	-100	62	116	85	54	106	93	154	164	148	221
TTM Cash Flow to Firm	554	-900	726	556	457	436	402	257	327	331	449	431	387	381	349
TTM Free Cash Flow to Firm	610	-813	984	787	696	617	578	446	478	481	561	543	516	499	470

Multiples (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	2.85	2.6	2.24	0.86	1.49	2.6	2.06	3.72	2.6	2.91	4.05
EV/EBIT	11.77	13.36	13.88	29.93	- -	50.1	26.13	27.09	44.81	26.48	28.44	20.35	16.33	15.11	12.28
Enterprise Value	5,739	5,656	5,532	5,462	3,481	3,081	3,026	2,314	2,424	2,796	2,639	3,131	2,678	2,243	2,710
Low Price	- -	- -	- -	- -	22	18.5	16.25	5.5	3.75	7.19	2	12.75	11.99	9.75	17.5
EV/Sales	2.84	3.02	2.78	3.26	2.09	1.89	2.07	1.58	1.69	2.11	2.13	2.28	1.88	1.49	1.83
EV/EBITDA	8.21	8.86	7.1	9.44	15.06	8.2	6.83	6.1	7.23	7.68	7.85	8.21	6.94	6.13	6.25
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	-14.92	-24.07	-33.19	-312.78	-4.59	-0.84	-4.09	-27.93	-23.3	-8.62	-10.99
Price/Earnings High	- -	- -	- -	- -	-18.83	-28.45	-40.64	-550.78	-5.96	-1.11	-7.69	-33.52	-29.45	-10.24	-11.35
Price/Earnings Low	- -	- -	- -	- -	-11.01	-18.07	-25.65	-186.42	-2.13	-0.49	-1.13	-17.81	-18.58	-7.53	-9.58
Price/Book Value	- -	- -	- -	- -	-11.32	-5.92	-4.12	-1.41	-1.38	-0.61	-0.56	-0.82	-0.5	-0.53	-0.77
Price/Book Value Average	- -	- -	- -	- -	-15	-7.74	-5.33	-2.08	-1.35	-0.59	-0.32	-0.86	-0.63	-0.44	-0.75
Price/Book Value High	- -	- -	- -	- -	-18.93	-9.14	-6.53	-3.67	-1.76	-0.78	-0.6	-1.03	-0.8	-0.53	-0.77
Price/Book Value Low	- -	- -	- -	- -	-11.07	-5.81	-4.12	-1.24	-0.63	-0.34	-0.09	-0.55	-0.5	-0.39	-0.65
Price/Tangible Book Value	- -	- -	- -	- -	-1.04	-0.74	-0.55	-0.19	-0.26	-0.39	-0.39	-0.54	-0.35	-0.39	-0.62
Price/Tangible Book Value Average	- -	- -	- -	- -	-1.38	-0.97	-0.71	-0.29	-0.25	-0.38	-0.22	-0.57	-0.44	-0.33	-0.6
Price/Tangible Book Value High	- -	- -	- -	- -	-1.74	-1.15	-0.87	-0.51	-0.33	-0.5	-0.42	-0.69	-0.55	-0.39	-0.62
Price/Tangible Book Value Low	- -	- -	- -	- -	-1.02	-0.73	-0.55	-0.17	-0.12	-0.22	-0.06	-0.36	-0.35	-0.28	-0.52
Price/Sales	- -	- -	- -	- -	1.04	0.82	0.76	0.26	0.35	0.6	0.64	0.86	0.52	0.55	0.88
Price/Sales Average	- -	- -	- -	- -	1.38	1.07	0.98	0.38	0.35	0.58	0.36	0.91	0.66	0.46	0.85
Price/Sales High	- -	- -	- -	- -	1.74	1.26	1.2	0.68	0.45	0.76	0.68	1.09	0.83	0.55	0.88
Price/Sales Low	- -	- -	- -	- -	1.02	0.8	0.76	0.23	0.16	0.34	0.1	0.58	0.52	0.41	0.74
Price/Cash Flow	- -	- -	- -	- -	4.7	4.02	3.49	1.5	2.68	5.12	2.9	5.75	4.74	4.97	6.5
Price/Cash Flow Average	- -	- -	- -	- -	6.22	5.25	4.52	2.22	2.62	4.97	1.65	6.05	5.94	4.19	6.29
Price/Cash Flow High	- -	- -	- -	- -	7.85	6.2	5.53	3.91	3.41	6.52	3.1	7.26	7.51	4.97	6.5
Price/Cash Flow Low	- -	- -	- -	- -	4.59	3.94	3.49	1.32	1.22	2.88	0.46	3.86	4.74	3.66	5.48
Price/Free Cash Flow Average	- -	- -	- -	- -	3.77	3.39	2.9	1.27	1.46	2.52	1.17	3.91	3.26	2.45	3.91
Price/Free Cash Flow High	- -	- -	- -	- -	4.76	4.01	3.56	2.24	1.9	3.31	2.2	4.69	4.12	2.91	4.05
Price/Free Cash Flow Low	- -	- -	- -	- -	2.78	2.55	2.24	0.76	0.68	1.46	0.32	2.49	2.6	2.14	3.41
EV/Sales Average	2.84	3.02	2.78	3.26	2.43	2.14	2.3	1.7	1.69	2.09	1.86	2.33	2.01	1.41	1.8
EV/Sales High	2.84	3.02	2.78	3.26	2.79	2.33	2.52	1.99	1.79	2.27	2.18	2.51	2.19	1.49	1.83
EV/Sales Low	2.84	3.02	2.78	3.26	2.07	1.87	2.07	1.55	1.5	1.85	1.59	2	1.88	1.35	1.7
EV/EBITDA Average	8.21	8.86	7.1	9.44	17.49	9.29	7.57	6.58	7.2	7.61	6.83	8.37	7.43	5.77	6.16
EV/EBITDA High	8.21	8.86	7.1	9.44	20.09	10.13	8.29	7.71	7.65	8.27	8.01	9.02	8.07	6.13	6.25
EV/EBITDA Low	8.21	8.86	7.1	9.44	14.89	8.13	6.83	5.98	6.41	6.73	5.86	7.19	6.94	5.53	5.79
EV/EBIT Average	11.77	13.36	13.88	29.93	-40.31	56.74	28.94	29.22	44.62	26.26	24.75	20.75	17.49	14.23	12.09
EV/EBIT High	11.77	13.36	13.88	29.93	-46.3	61.89	31.71	34.24	47.37	28.53	29.03	22.37	18.99	15.11	12.28
EV/EBIT Low	11.77	13.36	13.88	29.93	-34.32	49.67	26.13	26.56	39.69	23.22	21.25	17.82	16.33	13.63	11.36
Last Price	- -	- -	- -	- -	22.5	18.88	16.25	6.25	8.25	12.75	12.75	19	11.99	13.25	20.75
High Price	- -	- -	- -	- -	37.62	29.12	25.75	16.25	10.5	16.25	13.63	24	19	13.25	20.75
Enterprise Value Average	5,739	5,656	5,532	5,462	4,043	3,490	3,351	2,495	2,414	2,773	2,297	3,194	2,868	2,113	2,667
Enterprise Value High	5,739	5,656	5,532	5,462	4,644	3,806	3,672	2,924	2,562	3,013	2,694	3,443	3,114	2,243	2,710
Enterprise Value Low	5,739	5,656	5,532	5,462	3,442	3,055	3,026	2,268	2,147	2,452	1,972	2,742	2,678	2,025	2,506

	2010 Y	2011 Y	2012 Y	2013 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	78	78	78	78	77	71	68	61	62	62	62	62	62	62	63
Diluted Weighted Avg Shares	78	78	78	78	77	71	68	61	62	62	62	62	62	62	63
Basic Weighted Avg Shares	78	78	78	78	77	71	68	61	62	62	62	62	62	62	63
Revenue per Share	25.87	24.05	25.55	21.51	21.63	23.06	21.46	24.03	23.24	21.42	19.93	22.02	22.85	24.04	23.62
EBITDA per Share	8.97	8.18	9.99	7.42	3.01	5.31	6.51	6.22	5.44	5.88	5.42	6.13	6.19	5.86	6.92
Operating Income per Share	6.25	5.43	5.11	2.34	-1.3	0.87	1.7	1.4	0.88	1.7	1.49	2.47	2.63	2.38	3.52
Basic EPS, GAAP	0.09	-0.34	0.23	-26.47	-2	-1.02	-0.63	-0.03	-1.76	-14.67	-1.77	-0.72	-0.65	-1.29	-1.83
Basic EPS from Cont Ops	0.1	-0.3	0.23	-26.47	-2	-1.02	-0.63	-0.03	-1.76	-14.67	-1.77	-0.72	-0.65	-1.29	-1.83
Diluted EPS, GAAP	0.09	-0.34	0.23	-26.47	-2	-1.02	-0.63	-0.03	-1.76	-14.67	-1.77	-0.72	-0.65	-1.29	-1.83
Diluted EPS from Cont Ops	0.1	-0.3	0.23	-26.47	-2	-1.02	-0.63	-0.03	-1.76	-14.67	-1.77	-0.72	-0.65	-1.29	-1.83
Dividend per Share	- -	- -	- -	- -	3.9	- -	2.94	0.01	0.08	0.06	- -	- -	- -	0.1	0.68
Cash Flow per Share	5.09	4.66	5.46	1.79	4.79	4.7	4.65	4.16	3.08	2.49	4.4	3.3	2.53	2.66	3.19
Free Cash Flow per Basic Share	4.36	3.55	2.15	-1.17	1.67	2.13	2.07	1.07	0.64	0.07	2.6	1.5	0.45	0.77	1.26
Cash & Equivalents per Share	0.35	0.44	1.92	4.21	3.46	3.58	5.18	5.23	5.46	5.91	7.37	5.59	4.32	4.24	4.1
Book Value per Share	4.61	4.36	4.65	-45.8	-1.99	-3.19	-3.95	-4.43	-5.97	-20.85	-22.57	-23.22	-23.87	-25.08	-26.87
Tangible Book Value per Share	-77.54	-75.46	-73.1	-68.31	-21.62	-25.39	-29.52	-32.13	-31.74	-32.52	-32.39	-34.96	-34.43	-34.23	-33.38

Cengage Learning Holdings II, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)