Brown Forman Inc Financial Ratios — BF5B Stock

Profitability (USD)

	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	2026 Y
As of date	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Return on Common Equity (%)	24.85	31.97	36.01	34.75	61.55	45.63	53.39	56.36	45.67	39	31.08	26.08	30.18	23.14	17.85
Return on Assets (%)	14.27	16.64	17.05	16.5	25.49	15.19	14.94	16.51	15.17	14.7	13	11.07	12.85	10.69	8.95
Return on Capital (%)	19.78	23.64	23.9	22.94	35.77	21.61	20.75	22.6	20.52	19.83	17.6	15.24	17.57	14.5	12.05
Return on Invested Capital (%)	19.35	22.97	23.03	22.18	34.93	21.58	20.38	22.44	20.14	19.5	17.32	15.2	17.18	13.16	12.05
Gross Margin (%)	65.92	68.62	69.48	69.66	69.41	67.5	67.8	65.16	63.25	60.5	60.79	58.99	60.46	58.94	60.54
EBITDA Margin (%)	30.74	33.31	34.14	34.4	51.44	35.67	34.24	36.58	34.64	35.91	32.62	28.55	35.93	30.04	27.83
Operating Margin (%)	28.94	31.52	32.46	32.77	33.93	33.73	32.27	34.42	32.44	30.02	30.61	26.66	27.62	30.54	29.33
Incremental Operating Margin (%)	- -	87.3	51.41	39.16	- -	40	14.96	126.32	- -	- -	34.96	- -	- -	- -	131.91
Pretax Margin (%)	27.91	30.36	31.66	31.97	48.2	31.16	30.08	31.35	30	31.23	28.32	24.05	31.07	27.19	22.53
Profit Margin (%)	18.84	20.74	22.03	21.83	34.54	22.34	22.08	25.12	24.59	26.09	21.31	18.52	24.51	21.86	18.2
Net Income to Common Margin (%)	18.84	20.74	22.03	21.83	34.54	22.34	22.08	25.12	24.59	26.09	21.31	18.52	24.51	21.86	18.2
Effective Tax Rate (%)	32.5	31.68	30.41	31.74	28.34	28.3	26.61	19.87	18.04	16.47	24.78	23.01	21.11	19.61	19.21
Dvd Payout Ratio (%)	37.43	179.86	35.36	37.43	24.93	40.96	107.81	37.13	39.3	37.43	99.16	48.28	39.45	48.33	59.72
Sustainable Growth Rate (%)	15.55	-25.53	23.28	21.74	46.21	26.94	-4.17	35.44	27.72	24.4	0.26	13.49	18.28	11.96	7.19

Credit (USD)

Credit Ratios API ChatGPT

	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	2026 Y
As of date	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Total Debt	510	1,002	1,005	1,183	1,501	2,149	2,556	2,493	2,602	2,559	2,269	2,913	3,100	2,733	2,502
ST Debt	7	5	8	440	271	460	215	166	333	205	250	235	728	312	419
LT Debt	503	997	997	743	1,230	1,689	2,341	2,327	2,269	2,354	2,019	2,678	2,372	2,421	2,083
Total Debt/EBITDA	0.61	1.06	0.98	1.1	0.94	2.01	2.3	2.05	2.23	2.06	1.77	2.41	2.07	2.29	2.29
Net Debt/EBITDA	0.21	0.84	0.56	0.75	0.78	1.84	2.08	1.75	1.65	1.13	1.09	2.1	1.77	1.92	2.01
Total Debt/EBIT	0.65	1.12	1.04	1.15	0.98	2.13	2.44	2.18	2.38	2.19	1.88	2.58	2.19	2.47	2.5
Net Debt/EBIT	0.22	0.89	0.58	0.79	0.81	1.95	2.21	1.86	1.77	1.21	1.16	2.25	1.88	2.07	2.19
EBITDA to Interest Expense	27	26.36	39.27	39.93	34.54	18.1	16.35	13.82	14.21	15.35	15.65	13.41	11.82	9.79	10.61
EBITDA-CapEx/Interest Expense	24.9	23.69	34.38	35.33	32.2	16.2	14.47	12.44	12.76	14.54	13.96	11.38	10.02	8.42	9.57
EBIT to Interest Expense	25.42	24.94	37.35	38.04	22.78	17.12	15.41	13	13.3	12.83	14.68	12.52	9.09	9.95	11.18
Interest Expense	31	36	26	27	46	59	68	88	82	81	82	90	127	122	103
Common Equity/Total Assets	59.51	44.9	49.52	45.49	37.34	29.62	26.45	32.05	34.25	40.72	42.95	42.02	43.07	49.38	50.92
Long-Term Debt/Equity (%)	24.31	61.24	49.06	39	78.75	123.28	177.89	141.29	114.89	88.63	73.77	81.95	67.44	60.63	51.82
Long-Term Debt/Capital (%)	19.5	37.91	32.83	24.06	40.16	48	60.46	56.21	49.57	45.14	40.33	43.33	35.85	35.99	31.94
Long-Term Debt/Total Assets (%)	14.47	27.5	24.3	17.74	29.4	36.52	47.05	45.28	39.35	36.09	31.68	34.43	29.05	29.94	26.39
Total Debt/Equity (%)	24.65	61.55	49.46	62.1	96.09	156.86	194.22	151.37	131.75	96.35	82.9	89.14	88.14	68.44	62.24
Total Debt/Capital (%)	19.78	38.1	33.09	38.31	49	61.07	66.01	60.22	56.85	49.07	45.33	47.13	46.85	40.63	38.36
Total Debt/Total Assets (%)	14.67	27.63	24.49	28.25	35.88	46.46	51.37	48.51	45.13	39.24	35.6	37.46	37.96	33.8	31.69
Net Debt to Equity	8.31	49.02	27.95	42.68	79.26	143.58	176.06	129.51	97.57	53.05	51.19	77.69	75.46	57.33	54.58
Net Debt/Capital (%)	7.68	32.89	21.85	29.91	44.21	58.95	63.78	55.65	49.38	34.66	33.86	43.72	43.01	36.44	35.31
EBITDA	837	949	1,021	1,078	1,589	1,068	1,112	1,216	1,165	1,243	1,283	1,207	1,501	1,194	1,093
EBITDA-CapEx	772	853	894	954	1,481	956	984	1,095	1,046	1,178	1,145	1,024	1,273	1,027	986
Operating Income (Loss)	788	898	971	1,027	1,048	1,010	1,048	1,144	1,091	1,039	1,204	1,127	1,154	1,214	1,152

Liquidity (USD)

Liquidity Ratios API ChatGPT

	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	2026 Y
As of date	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Cash Ratio	0.84	0.43	0.78	0.39	0.33	0.19	0.29	0.44	0.77	1.25	0.84	0.35	0.29	0.41	0.25
Current Ratio	4.33	3.85	3.88	2.35	2.82	2.42	3.11	3.87	3.71	4.27	3.65	3.51	2.59	3.88	3.24
Quick Ratio	2.01	1.59	1.79	0.99	1.04	0.76	1.07	1.3	1.41	2.07	1.63	1.13	0.78	1.18	0.93
CFO/Avg Current Liab	0.93	1.22	1.26	0.8	0.6	0.75	0.73	1.05	0.91	0.91	0.96	0.6	0.49	0.45	0.87
Common Equity/Total Assets	59.51	44.9	49.52	45.49	37.34	29.62	26.45	32.05	34.25	40.72	42.95	42.02	43.07	49.38	50.92
Long-Term Debt/Equity (%)	24.31	61.24	49.06	39	78.75	123.28	177.89	141.29	114.89	88.63	73.77	81.95	67.44	60.63	51.82
Long-Term Debt/Capital (%)	19.5	37.91	32.83	24.06	40.16	48	60.46	56.21	49.57	45.14	40.33	43.33	35.85	35.99	31.94
Long-Term Debt/Total Assets (%)	14.47	27.5	24.3	17.74	29.4	36.52	47.05	45.28	39.35	36.09	31.68	34.43	29.05	29.94	26.39
Total Debt/Equity (%)	24.65	61.55	49.46	62.1	96.09	156.86	194.22	151.37	131.75	96.35	82.9	89.14	88.14	68.44	62.24
Total Debt/Capital (%)	19.78	38.1	33.09	38.31	49	61.07	66.01	60.22	56.85	49.07	45.33	47.13	46.85	40.63	38.36
Total Debt/Total Assets (%)	14.67	27.63	24.49	28.25	35.88	46.46	51.37	48.51	45.13	39.24	35.6	37.46	37.96	33.8	31.69
CFO/Total Liabilities	36.65	26.88	31.34	26.63	19.99	20.15	17.84	22.91	19.1	21.13	25.74	14.19	13.92	14.61	25.81
CFO/CapEx	7.94	5.59	5.11	4.9	4.85	5.86	5.1	6.61	6.08	12.57	6.78	3.5	2.84	3.58	9.35
Altman's Z-Score	10.43	9.26	10.01	9.41	9.08	7.78	7.66	7.81	7.9	8.76	8.62	7.4	5.95	5.72	5.16

Working Capital (USD)

Working Capital Ratios API ChatGPT

	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	2026 Y
As of date	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Accounts Receivable Turnover	5.61	5.57	5.36	5.44	5.41	5.37	5.43	5.33	5.7	5.23	5.02	5.07	5.15	4.97	4.73
Days Sales Outstanding	65.08	65.53	68.16	67.08	67.47	68.03	67.2	68.52	63.98	69.76	72.67	72	70.94	73.41	77.22
Inventory Turnover	1.37	1.16	1.07	1.04	0.94	0.84	0.79	0.8	0.77	0.8	0.86	0.85	0.68	0.64	0.61
Days Inventory Outstanding	267.26	314.17	341.61	352.14	387.6	435.9	462.18	456.88	473.23	458.72	422.4	431.62	534.57	566.62	595.07
Accounts Payable Turnover	8.07	7.98	7.25	7.95	8.57	9.22	7.94	8.55	9.97	9.46	8.25	8.36	6.7	6.22	6.92
Accounts Payable Turnover Days	45.21	45.76	50.34	45.89	42.57	39.6	45.98	42.71	36.6	38.59	44.24	43.65	54.51	58.65	52.72
Cash Conversion Cycle	287.13	333.94	359.43	373.33	412.49	464.32	483.4	482.69	500.61	489.89	450.83	459.97	551	581.39	619.57
Inventory to Cash Days	-202.18	-248.64	-273.46	-285.06	-320.13	-367.87	-394.98	-388.36	-409.25	-388.96	-349.74	-359.62	-463.64	-493.21	-517.85
Inventories	712	827	882	953	1,054	1,270	1,379	1,520	1,685	1,751	1,818	2,283	2,556	2,511	2,543
Raw Materials	50	57	47	61	85	92	90	85	101	128	126	191	218	90	85
Work In Process	115	137	144	121	116	119	117	152	172	199	225	321	396	378	414
Finished Goods	547	633	691	771	853	1,059	1,172	1,283	1,412	1,424	1,467	1,771	1,942	2,043	2,044
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	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	2026 Y
As of date	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Market Capitalization	12,516	15,286	19,548	19,539	19,309	18,267	27,397	25,746	30,259	37,306	33,270	31,822	23,143	16,698	11,877
- Cash & Cash Equivalents	338	204	437	370	263	182	239	307	675	1,150	868	374	446	444	308
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	510	1,002	1,005	1,183	1,501	2,149	2,556	2,493	2,602	2,559	2,269	2,913	3,100	2,733	2,502
Enterprise Value	12,688	16,084	20,116	20,352	20,547	20,234	29,714	27,932	32,186	38,715	34,671	34,361	25,797	18,987	14,071
Total Capital	2,579	2,630	3,037	3,088	3,063	3,519	3,872	4,140	4,577	5,215	5,006	6,181	6,617	6,726	6,522
Total Debt/Capital (%)	19.78	38.1	33.09	38.31	49	61.07	66.01	60.22	56.85	49.07	45.33	47.13	46.85	40.63	38.36
Total Debt / EV	0.04	0.06	0.05	0.06	0.07	0.11	0.09	0.09	0.08	0.07	0.07	0.08	0.12	0.14	0.18
EV/Sales	4.66	5.65	6.73	6.49	6.65	6.76	9.15	8.4	9.57	11.19	8.82	8.13	6.17	4.78	3.58
EV/EBITDA	15.16	16.95	19.7	18.88	12.93	18.95	26.72	22.97	27.63	31.15	27.02	28.47	17.19	15.9	12.87
EV/EBIT	16.1	17.91	20.72	19.82	13.4	20.03	28.35	24.42	29.5	33.2	28.8	30.49	18.24	17.15	14.06
EV/Cash Flow to Firm	23.63	28.64	30.16	32.49	36.89	28.98	42.27	32.09	40.68	43.76	34.75	48.44	34.53	27.28	12.99
EV/Free Cash Flow to Firm	26.89	34.54	37.25	40.51	45.76	34.51	51.68	37.27	47.88	47.23	40.33	65.29	49.69	35.89	14.41
Diluted Market Cap	12,690	15,377	19,697	19,949	19,947	18,571	27,582	26,010	30,398	37,457	33,377	31,899	23,369	16,739	12,085
Diluted Enterprise Value	12,862	16,175	20,265	20,762	21,185	20,538	29,899	28,196	32,325	38,866	34,778	34,438	26,023	19,028	14,279
EV per Share	23.25	29.39	36.81	38.08	40.58	41.15	60.32	57.15	65.72	78.96	70.67	69.99	53.3	39.29	29.95
TTM Sales	2,723	2,849	2,991	3,134	3,089	2,994	3,248	3,324	3,363	3,461	3,933	4,228	4,178	3,975	3,928
TTM EBITDA	837	949	1,021	1,078	1,589	1,068	1,112	1,216	1,165	1,243	1,283	1,207	1,501	1,194	1,093
TTM Operating Income	788	898	971	1,027	1,048	1,010	1,048	1,144	1,091	1,039	1,204	1,127	1,154	1,214	1,152
TTM Cash Flow to Firm	537	562	667	626	557	698	703	871	791	885	998	709	747	696	1,083
TTM Free Cash Flow to Firm	472	466	540	502	449	586	575	750	672	820	860	526	519	529	976

Multiples (USD)

Valuation Multiples API ChatGPT

	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	2026 Y
As of date	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Price/Free Cash Flow	28.14	34.87	37.73	41.22	47.95	34.14	52.54	38.31	50.25	49.81	41.83	69.8	55.77	38.84	13.53
EV/EBIT	16.1	17.91	20.72	19.82	13.4	20.03	28.35	24.42	29.5	33.2	28.8	30.49	18.24	17.15	14.06
Enterprise Value	12,688	16,084	20,116	20,352	20,547	20,234	29,714	27,932	32,186	38,715	34,671	34,361	25,797	18,987	14,071
Low Price	17.09	22.17	26.33	33.14	35.52	34.61	37.47	44.77	46.26	60.38	60.76	60.56	47.79	29.77	22.61
EV/Sales	4.66	5.65	6.73	6.49	6.65	6.76	9.15	8.4	9.57	11.19	8.82	8.13	6.17	4.78	3.58
EV/EBITDA	15.16	16.95	19.7	18.88	12.93	18.95	26.72	22.97	27.63	31.15	27.02	28.47	17.19	15.9	12.87
Price/Earnings	24.56	25.82	29.66	28.96	18.58	27.56	38.16	30.95	36.56	41.3	39.69	40.63	22.78	19.25	16.89
Price/Earnings Average	21.5	23.63	24.97	28.68	19.31	27.79	31.89	29.46	35.79	39.35	41.27	42.41	28.44	22.89	19.04
Price/Earnings High	24.56	26.29	29.84	30.6	21.58	30.29	38.91	34.37	42.75	44.68	47.36	48.77	33.77	27.58	24.03
Price/Earnings Low	18.3	20.49	21.84	26.25	17.3	25.68	25.71	26.3	27.37	32.77	35.56	37.96	22.77	16.58	15.1
Price/Book Value	6.05	9.39	9.62	10.26	12.36	13.33	20.82	15.63	15.32	14.05	12.16	9.74	6.58	4.18	2.95
Price/Book Value Average	5.3	8.59	8.1	10.16	12.85	13.44	17.4	14.88	15	13.38	12.64	10.16	8.21	4.97	3.33
Price/Book Value High	6.05	9.56	9.68	10.84	14.36	14.65	21.23	17.36	17.92	15.2	14.5	11.69	9.76	5.99	4.2
Price/Book Value Low	4.51	7.45	7.08	9.3	11.51	12.42	14.03	13.28	11.47	11.15	10.89	9.1	6.58	3.6	2.64
Price/Tangible Book Value	15.96	44.56	26.6	28.44	51.22	-761.14	-234.16	103.4	51.81	31.06	23.94	49.18	21.59	11.08	7.64
Price/Tangible Book Value Average	13.98	40.77	22.39	28.16	53.25	-767.39	-195.72	98.41	50.74	29.6	24.89	51.34	26.95	13.17	8.61
Price/Tangible Book Value High	15.96	45.37	26.75	30.05	59.49	-836.53	-238.82	114.84	60.59	33.61	28.56	59.04	32	15.87	10.87
Price/Tangible Book Value Low	11.89	35.36	19.58	25.78	47.7	-709.03	-157.79	87.86	38.8	24.65	21.45	45.95	21.58	9.54	6.83
Price/Sales	4.63	5.36	6.54	6.32	6.42	6.16	8.42	7.77	8.99	10.77	8.46	7.52	5.58	4.21	3.07
Price/Sales Average	4.05	4.9	5.5	6.26	6.67	6.21	7.04	7.4	8.8	10.27	8.79	7.85	6.97	5	3.47
Price/Sales High	4.63	5.45	6.57	6.68	7.45	6.77	8.59	8.64	10.51	11.66	10.09	9.03	8.28	6.03	4.37
Price/Sales Low	3.45	4.25	4.81	5.73	5.98	5.74	5.68	6.61	6.73	8.55	7.58	7.03	5.58	3.63	2.75
Price/Cash Flow	24.42	28.42	30.12	32.58	37.82	28.11	41.9	32.3	41.76	45.64	35.53	49.71	36.06	27.97	12.08
Price/Cash Flow Average	21.38	26	25.36	32.26	39.32	28.34	35.02	30.74	40.89	43.49	36.95	51.89	45.01	33.26	13.61
Price/Cash Flow High	24.42	28.94	30.3	34.43	43.93	30.89	42.73	35.88	48.83	49.39	42.4	59.67	53.45	40.07	17.18
Price/Cash Flow Low	18.19	22.55	22.17	29.53	35.23	26.18	28.23	27.45	31.27	36.22	31.84	46.44	36.04	24.1	10.8
Price/Free Cash Flow Average	24.64	31.9	31.77	40.81	49.85	34.42	43.91	36.46	49.2	47.47	43.49	72.86	69.62	46.18	15.26
Price/Free Cash Flow High	28.14	35.5	37.96	43.55	55.7	37.52	53.58	42.55	58.76	53.9	49.9	83.79	82.68	55.63	19.26
Price/Free Cash Flow Low	20.96	27.67	27.78	37.36	44.66	31.8	35.4	32.55	37.62	39.53	37.48	65.21	55.74	33.46	12.1
EV/Sales Average	4.09	5.19	5.69	6.43	6.9	6.81	7.76	8.03	9.38	10.68	9.15	8.46	7.55	5.57	3.97
EV/Sales High	4.66	5.74	6.76	6.85	7.66	7.36	9.32	9.26	11.1	12.07	10.45	9.64	8.85	6.59	4.86
EV/Sales Low	3.49	4.54	5	5.91	6.22	6.34	6.4	7.24	7.31	8.96	7.94	7.63	6.17	4.19	3.26
EV/EBITDA Average	13.3	15.58	16.68	18.7	13.41	19.09	22.68	21.95	27.09	29.73	28.06	29.62	21.01	18.55	14.26
EV/EBITDA High	15.16	17.24	19.81	19.9	14.89	20.64	27.21	25.31	32.03	33.61	32.03	33.75	24.63	21.95	17.47
EV/EBITDA Low	11.35	13.62	14.65	17.18	12.1	17.77	18.69	19.79	21.1	24.95	24.33	26.74	17.18	13.96	11.72
EV/EBIT Average	14.12	16.46	17.53	19.63	13.9	20.18	24.06	23.33	28.92	31.7	29.9	31.73	22.31	20	15.57
EV/EBIT High	16.1	18.22	20.83	20.89	15.44	21.83	28.87	26.91	34.2	35.83	34.13	36.15	26.14	23.67	19.07
EV/EBIT Low	12.05	14.4	15.41	18.04	12.54	18.8	19.83	21.03	22.53	26.6	25.92	28.63	18.23	15.06	12.8
Last Price	22.94	27.93	35.77	36.56	38.14	37.15	55.61	52.68	61.78	76.09	67.81	64.82	47.81	34.56	25.28
High Price	22.94	28.44	35.98	38.63	44.3	40.83	56.72	58.51	72.25	82.33	80.91	77.81	70.88	49.5	35.97
Enterprise Value Average	11,130	14,783	17,025	20,161	21,312	20,384	25,217	26,690	31,556	36,959	35,996	35,757	31,541	22,143	15,585
Enterprise Value High	12,688	16,361	20,231	21,457	23,666	22,044	30,258	30,782	37,313	41,775	41,096	40,738	36,963	26,208	19,093
Enterprise Value Low	9,497	12,928	14,960	18,523	19,222	18,984	20,779	24,064	24,585	31,015	31,211	32,270	25,784	16,672	12,815

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	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	2026 Y
As of date	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Shares Outstanding	546	547	547	534	506	492	493	489	490	490	491	491	484	483	470
Diluted Weighted Avg Shares	553	550	551	546	523	500	496	494	492	492	492	492	489	484	478
Basic Weighted Avg Shares	549	546	547	542	520	496	492	491	489	490	490	491	488	484	478
Revenue per Share	4.96	5.21	5.47	5.78	5.94	6.03	6.6	6.78	6.87	7.06	8.02	8.62	8.56	8.21	8.22
EBITDA per Share	1.52	1.74	1.87	1.99	3.06	2.15	2.26	2.48	2.38	2.54	2.62	2.46	3.08	2.47	2.29
Operating Income per Share	1.43	1.64	1.78	1.9	2.02	2.03	2.13	2.33	2.23	2.12	2.45	2.3	2.37	2.51	2.41
Basic EPS, GAAP	0.93	1.08	1.21	1.26	2.05	1.35	1.46	1.7	1.69	1.84	1.71	1.6	2.1	1.8	1.5
Basic EPS from Cont Ops	0.93	1.08	1.21	1.26	2.05	1.35	1.46	1.7	1.69	1.84	1.71	1.6	2.1	1.8	1.5
Diluted EPS, GAAP	0.93	1.07	1.2	1.25	2.04	1.34	1.45	1.69	1.68	1.83	1.7	1.59	2.1	1.79	1.5
Diluted EPS from Cont Ops	0.93	1.07	1.2	1.25	2.04	1.34	1.45	1.69	1.68	1.83	1.7	1.59	2.1	1.79	1.5
Dividend per Share	0.35	1.95	0.43	0.47	0.51	0.55	1.57	0.63	0.66	0.69	1.69	0.77	0.83	0.87	0.89
Cash Flow per Share	0.94	0.98	1.19	1.12	1.01	1.32	1.33	1.63	1.48	1.67	1.91	1.3	1.33	1.24	2.09
Free Cash Flow per Basic Share	0.82	0.81	0.96	0.89	0.8	1.1	1.07	1.38	1.24	1.53	1.63	0.93	0.86	0.89	1.87
Cash & Equivalents per Share	0.62	0.37	0.8	0.69	0.52	0.37	0.49	0.63	1.38	2.35	1.77	0.76	0.92	0.92	0.66
Book Value per Share	3.79	2.98	3.72	3.56	3.09	2.79	2.67	3.37	4.03	5.42	5.58	6.66	7.27	8.26	8.56
Tangible Book Value per Share	1.44	0.63	1.34	1.29	0.74	-0.05	-0.24	0.51	1.19	2.45	2.83	1.32	2.21	3.12	3.31