Simon Property Group, Inc. Financial Ratios — SQI 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 (%)	21.76	27.34	22.56	25.89	38.5	42.22	49.17	70.66	73.14	40.47	71.12	66.58	75.01	80.49	114.62
Return on Assets (%)	4.01	4.88	4	4.48	6.08	5.96	6.15	7.75	6.79	3.37	6.56	6.41	6.79	7.11	12.68
Return on Capital (%)	7.51	8.11	7.15	7.58	8.92	8.57	8.58	10.15	9.28	- -	8.77	8.61	9.34	9.94	15.12
Return on Invested Capital (%)	8.13	7.3	7.11	8.3	9.7	9.63	9.71	10.24	10.44	- -	7.44	8.4	9.15	10.47	9.81
Gross Margin (%)	78.64	81.19	81.56	81.88	81.77	82.13	82.27	82.15	82.25	80.75	81.02	81.08	81.83	82.5	81.9
EBITDA Margin (%)	70.95	77.71	77.5	75.37	74.21	74.49	75.26	75.75	74.84	72.2	73.07	73.24	73.17	74.66	74.31
Operating Margin (%)	45.12	46.99	48.17	48.97	50.68	50.06	50.7	51.84	50.61	42.8	47.16	48.83	49.6	51.86	49.89
Incremental Operating Margin (%)	36.51	- -	65.65	60.15	71.73	30.72	88.5	105.09	- -	81.99	86.67	97.54	60.83	93.71	20.61
Pretax Margin (%)	29.2	37.1	30.95	33.88	41.01	39.82	41.04	50.65	42.63	27.62	53.27	47.92	47.69	46.15	84.84
Profit Margin (%)	23.8	33.7	29.04	28.92	34.71	33.83	35.24	43.22	36.52	24.15	43.97	40.43	40.35	39.75	72.71
Net Income to Common Margin (%)	23.72	33.63	28.97	28.85	34.64	33.77	35.18	43.16	36.46	24.07	43.9	40.37	40.29	39.7	72.66
Effective Tax Rate (%)	0.92	1	2.81	1.7	0.93	1.37	1.03	1.29	1.23	- -	5.77	3.29	3.03	0.85	0.66
Dvd Payout Ratio (%)	84.77	80.32	105.75	100.65	89.58	96.93	101.18	88.04	107.46	115.44	93.17	93.74	94.77	98.66	52.98
Sustainable Growth Rate (%)	3.31	5.38	-1.3	-0.17	4.01	1.3	-0.58	8.45	-5.46	-6.25	4.86	4.16	3.92	1.08	53.9

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	18,446	23,113	22,670	20,853	22,417	22,977	24,632	23,306	24,680	27,239	25,828	25,458	26,518	24,785	29,187
ST Debt	- -	- -	- -	409	879	954	978	759	1,327	623	500	- -	- -	- -	355
LT Debt	18,446	23,113	22,670	20,444	21,538	22,023	23,654	22,547	23,353	26,616	25,328	25,458	26,518	24,785	28,832
Total Debt/EBITDA	6.04	6.99	6.44	5.68	5.74	5.68	5.92	5.45	5.73	8.19	6.91	6.57	6.4	5.57	6.17
Net Debt/EBITDA	5.78	6.63	5.96	5.51	5.56	5.54	5.57	5.33	5.45	7.73	6.63	6.28	6.01	5.13	5.84
Total Debt/EBIT	9.49	11.52	10.36	8.74	8.4	8.44	8.79	7.96	8.47	13.81	10.7	9.85	9.45	8.01	9.19
Net Debt/EBIT	9.08	10.93	9.59	8.49	8.14	8.24	8.26	7.79	8.07	13.04	10.27	9.42	8.86	7.39	8.69
EBITDA to Interest Expense	3.11	3.1	3.25	3.7	4.23	4.72	5.14	5.24	5.46	4.24	4.7	5.09	4.84	4.92	4.85
EBITDA-CapEx/Interest Expense	3.11	3.1	3.25	3.7	4.23	4.72	5.14	5.24	5.46	4.24	4.7	5.09	4.84	4.92	4.85
EBIT to Interest Expense	1.98	1.87	2.02	2.4	2.89	3.17	3.46	3.59	3.69	2.51	3.03	3.39	3.28	3.41	3.26
Interest Expense	984	1,068	1,082	993	924	858	809	816	789	784	796	761	855	906	975
Common Equity/Total Assets	17.56	18	17.42	17.1	14.49	13.72	11.29	10.6	7.95	8.62	9.83	9.38	8.7	8.95	12.73
Long-Term Debt/Equity (%)	317.37	326.87	323.25	342.04	410.88	432.03	534.04	559.88	746.03	727.56	575.54	665.77	719.12	688.57	429.98
Long-Term Debt/Capital (%)	76.04	76.57	76.37	76.2	77.87	78.45	81.39	82.49	83.97	86.14	83.79	86.94	87.79	87.32	80.33
Long-Term Debt/Total Assets (%)	70.36	70.93	68.03	69.23	70.47	70.81	73.33	73.48	74.77	76.51	74.98	77.12	77.35	76.48	71
Total Debt/Equity (%)	317.37	326.87	323.25	348.88	427.64	450.74	556.13	578.71	788.42	744.59	586.9	665.77	719.12	688.57	435.27
Total Debt/Capital (%)	76.04	76.57	76.37	77.72	81.05	81.84	84.76	85.27	88.74	88.16	85.44	86.94	87.79	87.32	81.32
Total Debt/Total Assets (%)	70.36	70.93	68.03	70.61	73.34	73.87	76.36	75.95	79.02	78.3	76.47	77.12	77.35	76.48	71.88
Net Debt to Equity	303.63	310.11	299.14	338.64	414.27	439.75	522.67	565.94	750.53	702.85	563.25	636.49	674.27	635.21	411.71
Net Debt/Capital (%)	75.22	75.62	74.95	77.2	80.55	81.47	83.94	84.98	86.56	86.03	83.47	84.92	85.63	84.73	78.72
EBITDA	3,056	3,308	3,522	3,671	3,908	4,049	4,160	4,276	4,307	3,327	3,739	3,876	4,141	4,453	4,730
EBITDA-CapEx	3,056	3,308	3,522	3,671	3,908	4,049	4,160	4,276	4,307	3,327	3,739	3,876	4,141	4,453	4,730
Operating Income (Loss)	1,943	2,000	2,189	2,385	2,669	2,721	2,802	2,926	2,913	1,972	2,413	2,584	2,807	3,093	3,175

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	0.45	0.56	0.5	0.22	0.2	0.16	0.41	0.14	0.16	0.25	0.15	0.19	0.63	0.41	0.2
Current Ratio	1.28	1.03	1.68	0.55	0.48	0.48	0.77	0.5	0.47	0.68	0.67	0.66	1.04	0.83	0.57
Quick Ratio	1.28	1.03	0.79	0.55	0.48	0.48	0.77	0.5	0.47	0.68	0.57	0.66	1.04	0.83	0.57
CFO/Avg Current Liab	1.35	1.29	0.98	0.88	0.94	0.95	1	1.03	0.96	0.56	0.97	1.12	1.18	1.11	1.11
Common Equity/Total Assets	17.56	18	17.42	17.1	14.49	13.72	11.29	10.6	7.95	8.62	9.83	9.38	8.7	8.95	12.73
Long-Term Debt/Equity (%)	317.37	326.87	323.25	342.04	410.88	432.03	534.04	559.88	746.03	727.56	575.54	665.77	719.12	688.57	429.98
Long-Term Debt/Capital (%)	76.04	76.57	76.37	76.2	77.87	78.45	81.39	82.49	83.97	86.14	83.79	86.94	87.79	87.32	80.33
Long-Term Debt/Total Assets (%)	70.36	70.93	68.03	69.23	70.47	70.81	73.33	73.48	74.77	76.51	74.98	77.12	77.35	76.48	71
Total Debt/Equity (%)	317.37	326.87	323.25	348.88	427.64	450.74	556.13	578.71	788.42	744.59	586.9	665.77	719.12	688.57	435.27
Total Debt/Capital (%)	76.04	76.57	76.37	77.72	81.05	81.84	84.76	85.27	88.74	88.16	85.44	86.94	87.79	87.32	81.32
Total Debt/Total Assets (%)	70.36	70.93	68.03	70.61	73.34	73.87	76.36	75.95	79.02	78.3	76.47	77.12	77.35	76.48	71.88
CFO/Total Liabilities	9.83	9.85	10.27	11.59	11.94	12.97	12.91	14.07	13.55	7.47	12.38	12.9	12.85	13.24	12.2
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	1.33	1.28	1.32	1.65	1.62	1.46	1.37	1.36	1.13	0.55	1.16	0.91	1.1	1.36	1.28

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	- -	8.44	8.72	8.85	8.74	8.43	7.86	7.49	7.21	4.45	4.75	6.07	6.86	7.35	7.36
Days Sales Outstanding	- -	43.22	41.84	41.24	41.75	43.29	46.47	48.7	50.61	81.95	76.91	60.12	53.2	49.65	49.62
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	36,260	45,815	44,732	57,608	60,243	54,940	53,182	51,384	45,094	27,253	51,450	38,153	46,321	55,450	60,643
- Cash & Cash Equivalents	799	1,185	1,691	612	701	560	1,482	514	669	1,012	534	622	1,169	1,400	823
+ Preferred Equity and Hybrid Capital	45	45	44	44	44	43	43	43	42	42	42	41	41	41	40
+ Minority/Non Controlling Interest	1,163	1,160	1,164	884	770	787	743	730	604	619	1,039	685	665	658	1,497
+ Total Debt	18,446	23,113	22,670	20,853	22,417	22,977	24,632	23,306	24,680	27,239	25,828	25,458	26,518	24,785	29,187
Enterprise Value	55,116	68,949	66,919	78,776	82,773	78,187	77,118	74,948	69,751	54,141	77,825	63,717	71,376	79,532	90,544
Total Capital	24,259	30,184	29,683	26,830	27,659	28,075	29,062	27,333	27,810	30,897	30,229	29,282	30,206	28,384	35,892
Total Debt/Capital (%)	76.04	76.57	76.37	77.72	81.05	81.84	84.76	85.27	88.74	88.16	85.44	86.94	87.79	87.32	81.32
Total Debt / EV	0.33	0.34	0.34	0.26	0.27	0.29	0.32	0.31	0.35	0.5	0.33	0.4	0.37	0.31	0.32
EV/Sales	12.8	16.2	14.73	16.17	15.72	14.39	13.95	13.28	12.12	11.75	15.21	12.04	12.61	13.34	14.23
EV/EBITDA	18.04	20.85	19	21.46	21.18	19.31	18.54	17.53	16.19	16.27	20.81	16.44	17.24	17.86	19.14
EV/EBIT	28.36	34.37	30.58	33.03	31.01	28.74	27.52	25.61	23.95	27.46	32.25	24.66	25.43	25.72	28.51
EV/Cash Flow to Firm	18.49	19.31	17.83	21.26	21.01	18.53	17.55	16.45	15.2	- -	17.74	14.15	15	16.88	17.74
EV/Free Cash Flow to Firm	18.49	19.31	17.83	21.26	21.01	18.53	17.55	16.45	15.2	- -	17.74	14.15	15	16.88	17.74
Diluted Market Cap	35,754	44,815	44,681	57,597	60,376	54,872	53,327	51,485	45,276	25,613	51,445	38,254	46,447	55,419	60,856
Diluted Enterprise Value	54,609	67,949	66,868	78,766	82,906	78,120	77,263	75,050	69,933	52,501	77,820	63,818	71,502	79,502	90,757
EV per Share	185.12	222.49	215.45	253.47	267.51	249.74	248.23	242.54	227.3	164.81	236.83	194.88	219	243.76	278.4
TTM Sales	4,306	4,256	4,544	4,871	5,266	5,435	5,527	5,645	5,755	4,608	5,117	5,291	5,659	5,964	6,365
TTM EBITDA	3,056	3,308	3,522	3,671	3,908	4,049	4,160	4,276	4,307	3,327	3,739	3,876	4,141	4,453	4,730
TTM Operating Income	1,943	2,000	2,189	2,385	2,669	2,721	2,802	2,926	2,913	1,972	2,413	2,584	2,807	3,093	3,175
TTM Cash Flow to Firm	2,980	3,571	3,753	3,706	3,940	4,218	4,395	4,556	4,588	- -	4,387	4,503	4,760	4,713	5,105
TTM Free Cash Flow to Firm	2,980	3,571	3,753	3,706	3,940	4,218	4,395	4,556	4,588	- -	4,387	4,503	4,760	4,713	5,105

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	17.82	17.83	16.54	21.09	19.96	16.27	14.84	13.73	11.89	11.01	14.14	10.16	11.82	14.53	14.71
EV/EBIT	28.36	34.37	30.58	33.03	31.01	28.74	27.52	25.61	23.95	27.46	32.25	24.66	25.43	25.72	28.51
Enterprise Value	55,116	68,949	66,919	78,776	82,773	78,187	77,118	74,948	69,751	54,141	77,825	63,717	71,376	79,532	90,544
Low Price	88.36	118.37	133.5	140.29	170.23	174.05	151.34	145.33	142.68	43.44	82.13	86.28	100.52	135.17	136.91
EV/Sales	12.8	16.2	14.73	16.17	15.72	14.39	13.95	13.28	12.12	11.75	15.21	12.04	12.61	13.34	14.23
EV/EBITDA	18.04	20.85	19	21.46	21.18	19.31	18.54	17.53	16.19	16.27	20.81	16.44	17.24	17.86	19.14
Price/Earnings	34.99	31.31	33.94	40.99	33.09	29.89	27.42	21.13	21.58	23.09	22.9	17.91	20.37	23.41	13.16
Price/Earnings Average	30.38	29.57	35.19	36.19	31.92	33.91	26.49	21.38	23.98	22.66	18.7	17.98	16.63	21.49	12.06
Price/Earnings High	35.3	32.53	39.86	41.17	35.16	38.78	29.9	24.17	27.22	41.67	24.95	25.31	20.74	25.36	13.27
Price/Earnings Low	25.39	25.07	31.47	31.02	28.93	29.65	24.24	18.47	20.95	12.09	12.01	13.24	14.41	18.62	9.66
Price/Book Value	7.87	7.81	7.71	11.41	13.61	12.88	14.6	15.79	18.15	9.09	15.5	12.32	15.53	19.11	11.73
Price/Book Value Average	6.84	7.38	7.99	10.07	13.12	14.6	14.1	15.98	20.18	8.92	12.65	12.37	12.68	17.55	10.75
Price/Book Value High	7.94	8.11	9.05	11.46	14.46	16.7	15.92	18.06	22.9	16.41	16.89	17.41	15.82	20.71	11.84
Price/Book Value Low	5.71	6.25	7.14	8.64	11.9	12.77	12.91	13.8	17.63	4.76	8.13	9.11	10.99	15.2	8.62
Price/Tangible Book Value	8.42	8.55	8.24	12.16	14.51	13.8	15.48	16.56	18.88	9.26	15.75	12.47	15.69	19.26	11.89
Price/Tangible Book Value Average	7.31	8.07	8.54	10.74	13.99	15.65	14.96	16.76	20.99	9.09	12.86	12.52	12.81	17.69	10.9
Price/Tangible Book Value High	8.49	8.88	9.68	12.21	15.42	17.9	16.88	18.94	23.82	16.71	17.16	17.63	15.97	20.87	12
Price/Tangible Book Value Low	6.11	6.85	7.64	9.2	12.69	13.68	13.69	14.47	18.33	4.85	8.26	9.22	11.09	15.32	8.73
Price/Sales	8.3	10.53	9.83	11.82	11.47	10.1	9.65	9.12	7.87	5.56	10.05	7.23	8.21	9.29	9.56
Price/Sales Average	7.2	9.94	10.2	10.44	11.06	11.45	9.32	9.23	8.74	5.45	8.21	7.26	6.7	8.53	8.76
Price/Sales High	8.37	10.94	11.55	11.88	12.18	13.1	10.52	10.43	9.92	10.03	10.95	10.22	8.36	10.07	9.64
Price/Sales Low	6.02	8.43	9.12	8.95	10.02	10.01	8.53	7.97	7.64	2.91	5.27	5.35	5.8	7.39	7.02
Price/Cash Flow	17.82	17.83	16.54	21.09	19.96	16.27	14.84	13.73	11.89	11.01	14.14	10.16	11.82	14.53	14.71
Price/Cash Flow Average	15.47	16.84	17.15	18.62	19.25	18.45	14.33	13.89	13.22	10.8	11.55	10.2	9.65	13.34	13.48
Price/Cash Flow High	17.97	18.52	19.43	21.19	21.21	21.11	16.18	15.7	15	19.86	15.41	14.35	12.03	15.74	14.84
Price/Cash Flow Low	12.93	14.28	15.34	15.97	17.45	16.14	13.12	12	11.55	5.76	7.42	7.51	8.36	11.55	10.8
Price/Free Cash Flow Average	15.47	16.84	17.15	18.62	19.25	18.45	14.33	13.89	13.22	10.8	11.55	10.2	9.65	13.34	13.48
Price/Free Cash Flow High	17.98	18.52	19.43	21.19	21.21	21.11	16.18	15.7	15	19.86	15.41	14.35	12.03	15.74	14.84
Price/Free Cash Flow Low	12.93	14.28	15.34	15.97	17.45	16.14	13.12	12	11.55	5.76	7.42	7.51	8.36	11.55	10.8
EV/Sales Average	11.69	15.6	15.09	14.79	15.31	15.74	13.62	13.38	12.99	11.64	13.36	12.07	11.11	12.57	13.43
EV/Sales High	12.87	16.62	16.44	16.23	16.43	17.39	14.82	14.59	14.17	16.51	16.11	15.02	12.76	14.11	14.31
EV/Sales Low	10.49	14.05	14.01	13.3	14.28	14.3	12.84	12.13	11.89	8.93	10.43	10.16	10.22	11.43	11.69
EV/EBITDA Average	16.47	20.08	19.47	19.62	20.63	21.13	18.1	17.67	17.36	16.12	18.29	16.48	15.19	16.84	18.07
EV/EBITDA High	18.14	21.38	21.22	21.53	22.14	23.35	19.69	19.26	18.93	22.86	22.05	20.51	17.44	18.9	19.25
EV/EBITDA Low	14.78	18.09	18.08	17.64	19.24	19.2	17.06	16.01	15.89	12.37	14.27	13.87	13.96	15.31	15.74
EV/EBIT Average	25.9	33.1	31.33	30.2	30.21	31.45	26.87	25.82	25.67	27.2	28.34	24.72	22.4	24.25	26.91
EV/EBIT High	28.52	35.25	34.14	33.13	32.42	34.74	29.23	28.14	27.99	38.58	34.16	30.77	25.73	27.21	28.68
EV/EBIT Low	23.24	29.82	29.08	27.15	28.18	28.57	25.32	23.4	23.5	20.87	22.11	20.81	20.6	22.05	23.44
Last Price	121.79	147.84	144.01	185.36	194.7	175.48	171.19	166.28	146.95	82.96	156.57	116.69	142.12	169.95	186.46
High Price	122.84	153.57	169.12	186.17	206.85	227.66	186.64	190.21	185.35	149.7	170.59	164.93	144.69	184.1	188.08
Enterprise Value Average	50,330	66,403	68,566	72,031	80,637	85,563	75,307	75,561	74,777	53,628	68,385	63,869	62,876	74,991	85,457
Enterprise Value High	55,428	70,725	74,717	79,029	86,534	94,521	81,920	82,341	81,535	76,065	82,433	79,489	72,212	84,152	91,071
Enterprise Value Low	45,164	59,818	63,655	64,769	75,201	77,738	70,953	68,473	68,442	41,159	53,363	53,773	57,815	68,185	74,428

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	298	310	311	311	309	313	311	309	307	329	329	327	326	326	325
Diluted Weighted Avg Shares	294	303	310	311	310	313	312	310	308	309	329	328	327	326	326
Basic Weighted Avg Shares	294	303	310	311	310	313	312	310	308	309	329	328	327	326	326
Revenue per Share	14.67	14.04	14.65	15.68	16.98	17.38	17.74	18.23	18.68	14.92	15.57	16.14	17.32	18.29	19.5
EBITDA per Share	10.41	10.91	11.35	11.81	12.6	12.95	13.35	13.81	13.98	10.78	11.38	11.82	12.67	13.65	14.49
Operating Income per Share	6.62	6.6	7.05	7.68	8.61	8.7	9	9.45	9.45	6.39	7.34	7.88	8.59	9.48	9.73
Basic EPS, GAAP	3.48	4.72	4.24	4.52	5.88	5.87	6.24	7.87	6.81	3.59	6.84	6.52	6.98	7.26	14.17
Basic EPS from Cont Ops	4.24	5.16	4.41	5.22	6.9	6.83	7.21	9.12	7.86	4.14	7.82	7.48	8.01	8.37	16.44
Diluted EPS, GAAP	3.48	4.72	4.24	4.52	5.88	5.87	6.24	7.87	6.81	3.59	6.84	6.52	6.98	7.26	14.17
Diluted EPS from Cont Ops	4.24	5.16	4.41	5.22	6.9	6.83	7.21	9.12	7.86	4.14	7.82	7.48	8.01	8.37	16.44
Dividend per Share	4.24	4.9	5.45	6.04	7.08	7.53	8.26	9.11	9.57	5.39	8.19	7.91	8.56	9.34	9.91
Cash Flow per Share	6.83	8.29	8.71	8.79	9.75	10.79	11.54	12.11	12.36	7.54	11.07	11.49	12.03	11.7	12.67
Free Cash Flow per Basic Share	6.83	8.29	8.71	8.79	9.75	10.79	11.54	12.11	12.36	7.54	11.07	11.49	12.03	11.7	12.67
Cash & Equivalents per Share	2.68	3.82	5.44	1.97	2.27	1.79	4.77	1.66	2.18	3.08	1.62	1.9	6.65	4.29	2.53
Book Value per Share	15.47	18.93	18.69	16.25	14.31	13.63	11.73	10.53	8.09	9.12	10.1	9.47	9.15	8.89	15.89
Tangible Book Value per Share	14.47	17.29	17.48	15.24	13.42	12.72	11.06	10.04	7.78	8.96	9.94	9.36	9.06	8.82	15.68