M&T Bank Corporation Financial Ratios — MTZ 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 (%)	10.16	11.01	10.98	9.2	7.67	8.17	8.82	12.62	12.96	8.74	11.49	9.6	10.95	9.52	10.21
Return on Assets (%)	1.18	1.28	1.35	1.17	0.98	1.07	1.16	1.61	1.61	1.03	1.25	1.12	1.34	1.24	1.35
Return on Capital (%)	5.87	7.35	8.01	6.1	4.61	5.06	5.72	7.4	7.67	6.27	8.86	7.4	7.55	6.25	6.72
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	30.64	36.21	38.76	36.86	35.88	38.87	41.26	42.31	41.14	29.72	41.18	32.6	38.51	35.86	38.33
Profit Margin (%)	21.5	24.01	25	23.93	23.13	24.83	25	32.35	31.16	22.72	31.18	24.86	29.17	28.04	29.6
Net Income to Common Margin (%)	20.36	22.77	23.81	22.23	21.39	23.3	23.71	31.13	30.03	21.58	29.96	23.65	28.1	26.58	28.08
Effective Tax Rate (%)	29.82	33.69	35.52	35.07	35.53	36.11	39.4	23.53	24.27	23.53	24.28	23.74	24.26	21.81	22.78
Dvd Payout Ratio (%)	43.32	36.65	33.63	36.91	37.56	35.81	34.25	27.65	29.58	44.22	32.19	41.37	32.87	36.63	33.23
Sustainable Growth Rate (%)	5.76	6.97	7.29	5.8	4.79	5.25	5.8	9.13	9.13	4.88	7.79	5.63	7.35	6.03	6.82

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	5,336	3,208	3,709	7,607	10,736	8,573	7,895	12,236	6,885	4,382	3,485	7,165	13,201	13,605	13,011
ST Debt	50	- -	- -	- -	1,982	163	175	4,200	- -	- -	- -	3,200	5,000	1,000	2,100
LT Debt	5,286	3,208	3,709	7,607	8,755	8,409	7,720	8,036	6,885	4,382	3,485	3,965	8,201	12,605	10,911
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.79	11.24	12.24	11.49	12.17	12.36	12.66	11.85	12.07	10.47	10.41	11.61	11.98	12.8	12.34
Long-Term Debt/Equity (%)	57.02	31.44	32.81	61.67	54.13	51.01	47.5	51.98	43.8	27.07	19.47	15.66	30.42	43.43	37.4
Long-Term Debt/Capital (%)	36.19	23.92	24.7	38.14	32.53	33.56	31.97	29.01	30.46	21.3	16.3	12.21	20.42	29.57	25.86
Long-Term Debt/Total Assets (%)	6.78	3.86	4.36	7.87	7.13	6.81	6.51	6.69	5.74	3.07	2.25	1.98	3.94	6.06	5.11
Total Debt/Equity (%)	57.56	31.44	32.81	61.67	66.38	52	48.58	79.14	43.8	27.07	19.47	28.3	48.97	46.87	44.59
Total Debt/Capital (%)	36.53	23.92	24.7	38.14	39.9	34.21	32.7	44.18	30.46	21.3	16.3	22.06	32.87	31.91	30.84
Total Debt/Total Assets (%)	6.85	3.86	4.36	7.87	8.74	6.94	6.66	10.19	5.74	3.07	2.25	3.57	6.34	6.54	6.09
Net Debt to Equity	40.25	10.72	4.28	-1.25	10.97	13.66	8.58	16.33	-11.06	-128.71	-221.88	-76.27	-61.58	-24.73	-19.73
Net Debt/Capital (%)	28.7	9.69	4.11	-1.26	9.88	12.02	7.91	14.04	-12.44	448.33	182.05	-321.47	-160.25	-32.85	-24.59
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.79	11.24	12.24	11.49	12.17	12.36	12.66	11.85	12.07	10.47	10.41	11.61	11.98	12.8	12.34
Long-Term Debt/Equity (%)	57.02	31.44	32.81	61.67	54.13	51.01	47.5	51.98	43.8	27.07	19.47	15.66	30.42	43.43	37.4
Long-Term Debt/Capital (%)	36.19	23.92	24.7	38.14	32.53	33.56	31.97	29.01	30.46	21.3	16.3	12.21	20.42	29.57	25.86
Long-Term Debt/Total Assets (%)	6.78	3.86	4.36	7.87	7.13	6.81	6.51	6.69	5.74	3.07	2.25	1.98	3.94	6.06	5.11
Total Debt/Equity (%)	57.56	31.44	32.81	61.67	66.38	52	48.58	79.14	43.8	27.07	19.47	28.3	48.97	46.87	44.59
Total Debt/Capital (%)	36.53	23.92	24.7	38.14	39.9	34.21	32.7	44.18	30.46	21.3	16.3	22.06	32.87	31.91	30.84
Total Debt/Total Assets (%)	6.85	3.86	4.36	7.87	8.74	6.94	6.66	10.19	5.74	3.07	2.25	3.57	6.34	6.54	6.09
CFO/Total Liabilities	2.58	0.69	1.26	1.3	1.63	1.11	2.72	2	2.26	0.62	1.98	2.61	2.15	2.02	1.63
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	0.91	0.95	0.94	0.82	0.81	0.94	1.09	1.21	1.19	0.96	0.84	0.98	1.04	- -	- -
Days Sales Outstanding	399.52	385.69	389.92	446.44	452.74	388.89	334.94	301.29	307.05	378.38	434.93	374.35	351.5	- -	- -
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

	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	9,613	12,536	15,176	16,824	19,661	24,307	25,908	19,484	22,085	15,787	19,682	24,598	22,961	30,946	30,880
- Cash & Cash Equivalents	1,605	2,114	3,224	7,761	8,962	6,321	6,500	9,711	8,623	25,217	43,210	26,476	29,800	20,782	18,769
+ Preferred Equity and Hybrid Capital	865	873	882	1,232	1,232	1,232	1,232	1,232	1,250	1,250	1,750	2,011	2,011	2,394	2,834
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	5,336	3,208	3,709	7,607	10,736	8,573	7,895	12,236	6,885	4,382	3,485	7,165	13,201	13,605	13,011
Enterprise Value	7,980	9,763	12,010	8,745	10,423	14,458	17,639	14,558	15,278	-8,620	-22,249	-3,451	-2,067	7,314	7,605
Total Capital	14,607	13,410	15,014	19,943	26,910	25,059	24,146	27,696	22,601	20,569	21,389	32,483	40,158	42,632	42,188
Total Debt/Capital (%)	36.53	23.92	24.7	38.14	39.9	34.21	32.7	44.18	30.46	21.3	16.3	22.06	32.87	31.91	30.84
Total Debt / EV	0.67	0.33	0.31	0.87	1.03	0.59	0.45	0.84	0.45	-0.51	-0.16	-2.08	-6.39	1.86	1.71
EV/Sales	2	2.28	2.64	1.96	2.23	2.73	3.13	2.46	2.47	- -	- -	- -	- -	0.79	0.79
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	4.5	19.53	12.88	7.96	5.98	12.22	6.34	6.97	6.48	- -	- -	- -	- -	2.03	2.53
EV/Free Cash Flow to Firm	4.5	19.53	12.88	7.96	5.98	12.22	6.34	6.97	6.48	- -	- -	- -	- -	2.03	2.53
Diluted Market Cap	10,377	13,301	16,027	16,764	16,946	24,482	26,334	19,484	22,744	15,835	19,700	23,834	23,081	31,283	32,296
Diluted Enterprise Value	8,745	10,528	12,861	8,685	7,709	14,633	18,064	14,558	15,937	-8,572	-22,230	-4,215	-1,947	7,651	9,021
EV per Share	63.85	76.17	92.02	66.09	65.32	92.57	117.52	105.1	117.01	- -	- -	- -	- -	44.19	50.09
TTM Sales	3,997	4,287	4,555	4,456	4,668	5,296	5,632	5,928	6,192	5,955	5,962	8,013	9,398	9,231	9,632
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	1,772	500	932	1,099	1,742	1,183	2,782	2,090	2,358	789	2,715	4,574	3,905	3,610	3,003
TTM Free Cash Flow to Firm	1,772	500	932	1,099	1,742	1,183	2,782	2,090	2,358	789	2,715	4,574	3,905	3,610	3,003

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	5.86	26.6	17.19	15.25	9.73	20.69	9.47	9.32	9.65	20.06	7.26	5.21	5.91	8.67	10.75
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	7,980	9,763	12,010	8,745	10,423	14,458	17,639	14,558	15,278	-8,620	-22,249	-3,451	-2,067	7,314	7,605
Low Price	67.09	76.54	96.38	109.09	109.73	99.99	140.95	138.62	139.43	84.84	123.77	138.49	109.06	129.23	147.75
EV/Sales	2	2.28	2.64	1.96	2.23	2.73	3.13	2.46	2.47	- -	- -	- -	- -	0.79	0.79
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	12.75	13.63	14.78	16.82	16.88	19.79	19.68	10.56	12.23	12.32	11.02	12.51	8.7	12.68	11.87
Price/Earnings Average	13.57	12.22	13.86	15.95	16.76	15.06	18.25	13.1	11.69	11.63	10.64	14.71	8.21	10.99	10.97
Price/Earnings High	15.02	14.57	15.18	16.98	18.33	20.04	19.89	14.77	12.7	17.27	12.16	16.57	10.15	15.21	12.12
Price/Earnings Low	11.13	10.66	12.25	14.43	15.04	12.71	16.07	10.4	10.08	8.5	8.92	11.93	6.87	8.77	8.62
Price/Book Value	1.14	1.34	1.46	1.52	1.32	1.59	1.73	1.37	1.53	1.06	1.22	1.06	0.92	1.16	1.17
Price/Book Value Average	1.22	1.21	1.37	1.44	1.31	1.21	1.6	1.7	1.46	1	1.18	1.24	0.87	1.01	1.08
Price/Book Value High	1.35	1.44	1.49	1.53	1.43	1.61	1.74	1.92	1.59	1.48	1.34	1.4	1.07	1.39	1.2
Price/Book Value Low	1	1.05	1.21	1.3	1.17	1.02	1.41	1.35	1.26	0.73	0.99	1.01	0.73	0.8	0.85
Price/Tangible Book Value	2.04	2.2	2.22	2.23	1.93	2.3	2.5	2.03	2.24	1.53	1.7	1.68	1.41	1.71	1.73
Price/Tangible Book Value Average	2.17	1.98	2.08	2.11	1.91	1.75	2.32	2.52	2.15	1.44	1.64	1.98	1.33	1.48	1.6
Price/Tangible Book Value High	2.41	2.36	2.28	2.25	2.09	2.33	2.53	2.84	2.33	2.14	1.88	2.23	1.64	2.05	1.77
Price/Tangible Book Value Low	1.78	1.72	1.84	1.91	1.72	1.48	2.04	2	1.85	1.05	1.38	1.6	1.11	1.18	1.26
Price/Sales	2.6	3.1	3.52	3.74	3.61	4.61	4.67	3.29	3.67	2.66	3.3	2.96	2.45	3.37	3.33
Price/Sales Average	2.76	2.78	3.3	3.55	3.58	3.51	4.33	4.08	3.51	2.51	3.19	3.48	2.31	2.92	3.08
Price/Sales High	3.06	3.32	3.61	3.77	3.92	4.67	4.72	4.6	3.81	3.73	3.64	3.92	2.85	4.04	3.4
Price/Sales Low	2.26	2.43	2.92	3.21	3.22	2.96	3.81	3.24	3.03	1.83	2.67	2.82	1.93	2.33	2.42
Price/Cash Flow	5.86	26.6	17.19	15.16	9.67	20.63	9.45	9.32	9.64	20.06	7.25	5.18	5.89	8.62	10.69
Price/Cash Flow Average	6.23	23.86	16.12	14.37	9.6	15.7	8.76	11.57	9.22	18.94	7	6.09	5.55	7.47	9.88
Price/Cash Flow High	6.89	28.45	17.65	15.3	10.51	20.9	9.55	13.04	10.02	28.12	8	6.87	6.86	10.34	10.92
Price/Cash Flow Low	5.11	20.82	14.25	13	8.62	13.25	7.71	9.19	7.95	13.83	5.87	4.94	4.64	5.96	7.77
Price/Free Cash Flow Average	6.23	23.86	16.12	14.47	9.65	15.74	8.78	11.57	9.23	18.94	7	6.12	5.57	7.51	9.94
Price/Free Cash Flow High	6.89	28.45	17.65	15.4	10.56	20.95	9.57	13.04	10.02	28.13	8.01	6.9	6.89	10.39	10.98
Price/Free Cash Flow Low	5.11	20.82	14.25	13.09	8.66	13.29	7.73	9.19	7.95	13.84	5.87	4.97	4.66	5.99	7.81
EV/Sales Average	2.15	1.98	2.43	1.77	2.2	1.63	2.8	3.25	2.31	- -	- -	0.11	- -	0.34	0.55
EV/Sales High	2.42	2.48	2.73	2	2.6	2.79	3.18	3.77	2.61	- -	- -	0.56	0.19	1.46	0.86
EV/Sales Low	1.69	1.64	2.07	1.43	1.77	1.09	2.29	2.41	1.84	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	76.91	97.8	116.28	127.15	123.21	155.63	172.63	140.67	169.15	123.03	152.94	145.3	138.21	186.97	203.38
High Price	90.55	104.58	119.39	128.37	133.81	157.64	174.5	196.82	175.69	172.47	168.77	192.42	161.19	224.25	207.68
Enterprise Value Average	8,597	8,471	11,066	7,877	10,276	8,649	15,760	19,252	14,312	-9,505	-22,933	864	-3,373	3,180	5,275
Enterprise Value High	9,685	10,631	12,416	8,905	12,113	14,772	17,921	22,335	16,132	-2,276	-20,212	4,525	1,752	13,485	8,257
Enterprise Value Low	6,754	7,038	9,413	6,354	8,272	5,767	12,884	14,274	11,397	-13,521	-26,002	-4,604	-6,910	-2,243	-842

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	125	128	131	132	160	156	150	139	131	128	129	169	166	166	152
Diluted Weighted Avg Shares	135	136	138	132	138	157	153	139	134	129	129	164	167	167	159
Basic Weighted Avg Shares	135	136	138	131	137	157	152	139	134	129	129	163	166	166	158
Revenue per Share	29.62	31.52	33.04	34.01	34.12	33.76	37	42.8	46.07	46.28	46.33	49.1	56.51	55.45	61.03
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	6.03	7.18	7.87	7.56	7.3	7.87	8.77	13.32	13.84	9.99	13.88	11.61	15.88	14.74	17.14
Basic EPS from Cont Ops	6.37	7.57	8.26	8.14	7.89	8.38	9.25	13.85	14.35	10.52	14.45	12.21	16.48	15.54	18.06
Diluted EPS, GAAP	6.03	7.18	7.87	7.51	7.26	7.84	8.75	13.32	13.83	9.98	13.87	11.55	15.81	14.67	17.03
Diluted EPS from Cont Ops	6.37	7.57	8.26	8.09	7.85	8.36	9.23	13.85	14.35	10.51	14.43	12.14	16.41	15.47	17.95
Dividend per Share	2.95	3.02	3.04	3.37	3.34	3.34	3.48	4.21	4.61	4.95	5.04	5.4	5.82	6.2	6.62
Cash Flow per Share	13.13	3.68	6.76	8.39	12.74	7.54	18.27	15.09	17.54	6.13	21.1	28.03	23.48	21.68	19.03
Free Cash Flow per Basic Share	13.13	3.68	6.76	8.39	12.74	7.54	18.27	15.09	17.54	6.13	21.1	28.03	23.48	21.68	19.03
Cash & Equivalents per Share	62.67	53.47	59.43	127.86	132.89	125.84	115.91	132.79	114.44	234.1	366.51	219.89	242.21	239.44	257.65
Book Value per Share	67.26	72.79	79.87	83.93	93.64	97.68	100.07	102.73	110.8	116.41	125.52	137.68	150.15	160.91	173.5
Tangible Book Value per Share	37.65	44.39	52.33	57.02	63.98	67.64	68.99	69.23	75.4	80.5	89.8	86.29	98.32	109.2	117.33