Dominion Resources Black Warrior Trust Financial Ratios — DOMR

Profitability (USD)

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014

Return on Common Equity (%)	28.72	40.91	34.44	41.7	55.5	83.41	93.71	73.64	104.05	52.96	51.03	48.14	34.06	53.95	70.07
Return on Assets (%)	28.68	40.83	34.37	41.59	55.33	82.98	92.98	72.9	103.13	52.61	50.57	47.68	33.71	53.26	68.83
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	50.25	66.6	58.42	67.95	76.08	80.81	83.48	76.74	96.5	90.08	89.98	88.05	79.48	83.67	82.81
Operating Margin (%)	96.52	97.01	95.83	95.55	96.27	97.01	96.72	94.9	96.5	90.08	89.98	88.05	79.48	83.67	82.81
Incremental Operating Margin (%)	97.38	98.99	100.52	91.56	100.43	99.41	114.6	100.97	104.09	102.13	90.55	98.72	103.21	104.36	74.08
Pretax Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	89.98	88.05	79.48	83.67	82.81
Profit Margin (%)	96.91	97.22	95.91	95.55	96.34	97.21	97.02	95.22	96.5	90.08	89.98	88.05	79.48	83.67	82.81
Net Income to Common Margin (%)	96.91	97.22	95.91	95.55	96.34	97.21	97.02	95.22	96.5	90.08	89.98	88.05	79.48	83.67	82.81
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	100.19	99.92	100.01	100.11	99.81	100.21	99.93	100.49	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	-0.05	0.03	-0.01	-0.05	0.1	-0.18	0.06	-0.36	104.05	52.96	51.03	48.14	34.06	53.95	70.07

Credit (USD)

Credit Ratios API ChatGPT

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	- -	-0.01	-0.01	-0.01	-0.02	-0.03
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	-0.01	- -	-0.01	-0.01	-0.01	-0.01	-0.01	- -	-0.01	-0.01	-0.01	-0.02	-0.03
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	99.82	99.81	99.75	99.71	99.68	99.26	99.19	98.79	99.5	99.14	99.05	99.03	98.92	98.47	97.97
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-0.12	-0.16	-0.2	-0.19	-0.32	-0.55	-0.67	-0.67	-0.61	-0.07	-0.36	-0.41	-0.54	-1.2	-2.28
Net Debt/Capital (%)	-0.12	-0.16	-0.21	-0.2	-0.32	-0.55	-0.67	-0.67	-0.61	-0.07	-0.36	-0.41	-0.55	-1.21	-2.33
EBITDA	10	17	11	14	19	26	26	17	26	11	9	7	4	5	6
EBITDA-CapEx	10	17	11	14	19	26	26	17	26	11	9	7	4	5	6
Operating Income (Loss)	20	25	19	20	23	31	30	21	26	11	9	7	4	5	6

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	1.22	0.08	0.38	0.42	0.5	0.77	1.1
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	1.22	0.08	0.38	0.42	0.5	0.77	1.1
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	1.22	0.08	0.38	0.42	0.5	0.77	1.1
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	99.82	99.81	99.75	99.71	99.68	99.26	99.19	98.79	99.5	99.14	99.05	99.03	98.92	98.47	97.97
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	17,380.06	15,496.42	9,136.38	10,783.48	14,601.41	12,179.49	10,600.66	5,226.56	- -	- -	- -	- -	- -	- -	- -
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	1.33	1.88	1.6	1.92	2.55	3.85	505.89	267.42	705.58	403.68	459.73	279.09	117.39	191.91	170.52

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014

Market Capitalization	- -	- -	- -	- -	- -	- -	207	142	134	112	121	63	23	44	45
- Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	66	58	50	45	40	35	30	26	23	19	17	14	11	9	8
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	208	143	134	112	121	63	23	44	45
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	21	26	19	21	24	32	31	22	27	12	10	8	5	6	7
TTM EBITDA	10	17	11	14	19	26	26	17	26	11	9	7	4	5	6
TTM Operating Income	20	25	19	20	23	31	30	21	26	11	9	7	4	5	6
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	7.89	8.43	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Low Price	- -	- -	- -	- -	- -	- -	26.01	17.2	13.59	11.25	11.01	7	2.85	3.07	4.8
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	6.81	6.82	5.21	10.01	13.2	8.52	5.45	8.13	7.65
Price/Earnings Average	- -	- -	- -	- -	- -	- -	9.34	9.05	6.59	11.28	11.85	12.23	12.69	7.55	9.26
Price/Earnings High	- -	- -	- -	- -	- -	- -	12.36	10.53	8.42	14.36	13.97	19.19	20.8	12.11	14.93
Price/Earnings Low	- -	- -	- -	- -	- -	- -	6.7	6.47	4.16	7.89	9.41	7.47	5.27	4.48	6.45
Price/Book Value	- -	- -	- -	- -	- -	- -	6.81	5.41	5.82	5.8	7.28	4.5	2.1	4.9	5.76
Price/Book Value Average	- -	- -	- -	- -	- -	- -	9.34	7.17	7.37	6.53	6.53	6.46	4.9	4.55	6.97
Price/Book Value High	- -	- -	- -	- -	- -	- -	12.36	8.34	9.41	8.31	7.71	10.15	8.03	7.3	11.24
Price/Book Value Low	- -	- -	- -	- -	- -	- -	6.71	5.12	4.65	4.56	5.19	3.95	2.03	2.7	4.85
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	6.81	5.41	5.82	5.8	7.28	4.5	2.1	4.9	5.76
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	9.34	7.17	7.37	6.53	6.53	6.46	4.9	4.55	6.97
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	12.36	8.34	9.41	8.31	7.71	10.15	8.03	7.3	11.24
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	6.71	5.12	4.65	4.56	5.19	3.95	2.03	2.7	4.85
Price/Sales	- -	- -	- -	- -	- -	- -	6.61	6.5	5.03	9.02	11.88	7.5	4.34	6.81	6.34
Price/Sales Average	- -	- -	- -	- -	- -	- -	9.06	8.62	6.36	10.16	10.66	10.77	10.09	6.32	7.67
Price/Sales High	- -	- -	- -	- -	- -	- -	11.99	10.02	8.12	12.94	12.57	16.9	16.53	10.13	12.37
Price/Sales Low	- -	- -	- -	- -	- -	- -	6.5	6.16	4.02	7.1	8.47	6.57	4.19	3.75	5.34
Price/Cash Flow	- -	- -	- -	- -	- -	- -	7.89	8.43	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	10.82	11.19	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	14.31	13.01	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	7.76	7.99	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	10.82	11.19	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	14.31	13.01	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	7.76	7.99	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	26.43	18.15	17.02	14.28	15.45	7.99	2.95	5.57	5.7
High Price	- -	- -	- -	- -	- -	- -	47.94	28	27.5	20.49	16.35	18	11.25	8.29	11.12
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Shares Outstanding	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8
Diluted Weighted Avg Shares	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8
Basic Weighted Avg Shares	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8
Revenue per Share	2.66	3.3	2.47	2.65	3.1	4.06	4	2.79	3.39	1.58	1.3	1.07	0.68	0.82	0.9
EBITDA per Share	1.34	2.2	1.44	1.8	2.36	3.28	3.34	2.14	3.27	1.43	1.17	0.94	0.54	0.68	0.74
Operating Income per Share	2.57	3.2	2.37	2.53	2.99	3.94	3.87	2.65	3.27	1.43	1.17	0.94	0.54	0.68	0.74
Basic EPS, GAAP	2.58	3.21	2.37	2.53	2.99	3.95	3.88	2.66	3.27	1.43	1.17	0.94	0.54	0.68	0.74
Basic EPS from Cont Ops	2.58	3.21	2.37	2.53	2.99	3.95	3.88	2.66	3.27	1.43	1.17	0.94	0.54	0.68	0.74
Diluted EPS, GAAP	2.58	3.21	2.37	2.53	2.99	3.95	3.88	2.66	3.27	1.43	1.17	0.94	0.54	0.68	0.74
Diluted EPS from Cont Ops	2.58	3.21	2.37	2.53	2.99	3.95	3.88	2.66	3.27	1.43	1.17	0.94	0.54	0.68	0.74
Dividend per Share	2.58	3.21	2.37	2.53	2.98	3.96	3.88	2.67	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	2.58	2.21	1.45	1.8	2.36	3.97	3.35	2.15	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	2.58	2.21	1.45	1.8	2.36	3.97	3.35	2.15	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	0.01	0.01	0.01	0.01	0.02	0.02	0.03	0.02	0.02	- -	0.01	0.01	0.01	0.01	0.02
Book Value per Share	8.35	7.35	6.43	5.69	5.07	4.41	3.88	3.36	2.92	2.46	2.12	1.77	1.4	1.14	0.99
Tangible Book Value per Share	8.35	7.35	6.43	5.69	5.07	4.41	3.88	3.36	2.92	2.46	2.12	1.77	1.4	1.14	0.99

Dominion Resources Black Warrior Trust