Dynex Capital, Inc.

DXDynex Capital, Inc. US flag

New York Stock Exchange

12.79

USD

-0.08

- -

1.94BMarket Cap

Income Statement (USD)

API Chat

	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
Sales/Revenue/Turnover	59	86	81	43	34	57	50	24	-137	200	128	177	27	150	372
+ Sales & Services Revenue	59	86	81	43	34	57	50	24	-137	200	128	177	27	150	372
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	10	13	13	16	18	15	16	15	16	21	24	32	31	35	52
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-10	-13	-13	-16	-18	-15	-16	-15	-16	-21	-24	-32	-31	-35	-52
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-40	-74	-68	-28	-17	-43	-34	-7	153	-178	-102	-143	6	-114	-319
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-40	-74	-68	-28	-17	-43	-34	-7	153	-178	-102	-143	6	-114	-319
Pretax Income	40	74	68	28	17	43	34	7	-153	178	102	143	-6	114	319
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	40	74	68	28	17	43	34	7	-153	178	102	143	-6	114	319
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	40	74	68	28	17	43	34	7	-153	178	102	143	-6	114	319
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	40	74	68	28	17	43	34	7	-153	178	102	143	-6	114	319
- Preferred Dividends	- -	2	8	9	9	9	11	12	13	14	8	8	8	8	10
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	40	72	60	19	7	34	23	-5	-166	164	94	135	-14	106	309
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	33	-1	8	9	5	2	1	1	2	2	2	2	2	2	2
EBITDA Margin (%)	55.5	-1.27	9.51	20.91	15.92	2.64	2.58	5.2	-1.23	1	1.81	1.33	8.65	1.24	0.56
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	67.98	86.14	83.64	65.34	49.34	75.85	68.01	29.64	111.68	88.91	80.09	80.88	-22.92	75.73	85.74
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	3.18	3.33	3.81	3.56	3.46	3.17	2.83	2.74	2.88	2.27	1.81	1.7	1.7	1.67	1.99
Depreciation Expense	33	-1	8	9	5	2	1	1	2	2	2	2	2	2	2
Basic Weighted Avg Shares	13	18	18	18	18	16	17	19	24	23	33	42	55	71	124
Basic EPS, GAAP	3.1	4.06	3.3	1.02	0.42	2.07	1.37	-0.25	-7.01	7.09	2.88	3.19	-0.25	1.5	2.49
Basic EPS from Cont Ops	3.1	4.18	3.74	1.52	0.94	2.63	2.02	0.37	-6.46	7.68	3.14	3.37	-0.11	1.61	2.57
Diluted Weighted Avg Shares	13	18	18	18	18	16	17	19	24	23	33	43	55	71	125
Diluted EPS, GAAP	3.1	4.06	3.3	1.02	0.42	2.07	1.37	-0.25	-7.01	7.09	2.87	3.17	-0.25	1.49	2.47
Diluted EPS from Cont Ops	3.1	4.18	3.74	1.52	0.94	2.63	2.02	0.37	-6.46	7.68	3.12	3.35	-0.11	1.6	2.55

Balance Sheet (USD)

API Chat

	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
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	50	56	69	44	34	74	41	35	63	296	366	332	120	377	531
+ Cash & Cash Equivalents	49	56	69	44	34	74	41	35	63	296	366	332	120	377	531
+ ST Investments	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	26	40	35	29	29	32	20	21	26	165	17	26	30	43	85
+ Accounts Receivable, Net	13	23	22	21	23	20	20	21	26	14	14	15	29	33	68
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	14	17	13	7	6	12	- -	- -	- -	150	3	10	1	10	17
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-76	-96	-104	-73	-63	-106	-61	-56	-89	-460	-383	-358	-150	-420	-616
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	1	4,105	4,018	3,520	3,505	3,212	3,174	3,749	5,188	2,596	171	302	158	618	1,714
+ LT Investments	1	4,105	4,018	3,520	3,505	3,212	3,174	3,749	5,188	2,596	171	302	158	618	1,714
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-1	-4,105	-4,018	-3,520	-3,505	-3,212	-3,174	-3,749	-5,188	-2,596	-171	-302	-158	-618	-1,714
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-1	-4,105	-4,018	-3,520	-3,505	-3,212	-3,174	-3,749	-5,188	-2,596	-171	-302	-158	-618	-1,714
Total Assets	2,582	4,280	4,217	3,688	3,670	3,398	3,306	3,886	5,371	3,095	3,640	3,605	6,370	8,185	17,342
+ Payables & Accruals	13	20	30	18	15	15	173	83	28	7	10	30	64	403	944
+ Accounts Payable	2	3	3	2	2	3	4	10	16	1	1	16	53	45	95
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	11	17	27	16	14	12	169	73	12	6	9	13	10	358	849
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-13	-20	-30	-18	-15	-15	-173	-83	-28	-7	-10	-30	-64	-403	-944
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-13	-20	-30	-18	-15	-15	-173	-83	-28	-7	-10	-30	-64	-403	-944
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	71	31	13	11	528	6	6	3	3	- -	- -	- -	- -	- -	- -
+ LT Borrowings	71	31	13	11	528	6	6	3	3	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-71	-31	-13	-11	-528	-6	-6	-3	-3	- -	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-71	-31	-13	-11	-528	-6	-6	-3	-3	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	2,211	3,664	3,631	3,081	3,178	2,931	2,749	3,359	4,788	2,461	2,868	2,704	5,499	7,000	14,880
+ Preferred Equity and Hybrid Capital	- -	55	110	110	110	110	141	143	163	175	108	108	108	108	108
+ Share Capital & APIC	635	760	762	764	726	728	776	819	859	870	1,108	1,358	1,405	1,743	2,923
+ Common Stock	- -	1	1	1	- -	- -	1	- -	- -	- -	- -	1	1	1	2
+ Additional Paid in Capital	635	759	762	764	725	727	776	819	858	869	1,108	1,358	1,404	1,742	2,922
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-260	-251	-252	-288	-331	-338	-352	-399	-612	-491	-451	-383	-484	-494	-442
+ Other Equity	-3	53	-34	21	-13	-33	-9	-36	174	80	7	-181	-159	-172	-127
Equity Before Minority Interest	371	617	586	607	492	467	557	527	583	633	771	901	871	1,185	2,462
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	371	617	586	607	492	467	557	527	583	633	771	901	871	1,185	2,462
Total Liabilities & Equity	2,582	4,280	4,217	3,688	3,670	3,398	3,306	3,886	5,371	3,095	3,640	3,605	6,370	8,185	17,342
Shares Outstanding	13	18	18	18	16	16	19	21	23	24	37	54	57	84	175
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	22	-25	-56	-33	495	-68	-35	-31	-60	-295	-366	-332	-120	-377	-531
Net Debt to Equity	5.96	-4.1	-9.63	-5.46	100.5	-14.49	-6.35	-5.91	-10.27	-46.65	-47.46	-36.84	-13.74	-31.82	-21.57
Tangible Common Equity Ratio	14.38	13.11	11.29	13.49	10.42	10.51	12.58	9.89	7.82	14.83	18.23	22.01	11.98	13.16	13.58
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	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
+ Net Income	40	74	68	28	17	43	34	7	-153	178	102	143	-6	114	319
+ Depreciation & Amortization	33	-1	8	9	5	2	1	1	2	2	2	2	2	2	2
+ Non-Cash Items	2	86	132	178	199	163	168	171	328	-8	47	-31	45	-90	-219
+ Stock-Based Compensation	1	2	2	3	3	3	2	1	1	2	3	4	5	7	13
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	1	84	130	175	196	160	166	170	326	-9	45	-36	40	-97	-232
+ Chg in Non-Cash Work Cap	-4	-10	1	- -	-4	3	1	1	-1	2	-5	12	21	-12	19
+ (Inc) Dec in Accts Receiv	-7	-10	1	1	-2	2	1	-1	-5	12	- -	-1	-13	-3	-35
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	1	1	- -	-1	- -	1	1	7	5	-14	- -	15	37	-9	51
+ Inc (Dec) in Other	2	- -	- -	- -	-2	-1	- -	-4	-1	4	-5	-2	-2	- -	3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	71	149	209	214	217	211	204	181	175	174	147	126	62	14	121
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	95	123	1	- -	-41	- -	47	42	39	10	237	247	43	332	1,169
+ Increase in Capital Stock	95	124	7	- -	- -	- -	47	42	64	10	237	247	43	332	1,169
+ Decrease in Capital Stock	- -	-1	-7	- -	-41	- -	- -	- -	-25	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-954	-1,729	-187	407	-225	52	84	-873	-1,606	2,344	-552	-66	-3,007	-981	-8,083
+ Dec in LT Investment	653	911	1,271	1,022	944	548	1,402	922	1,571	4,967	990	1,488	668	892	953
+ Inc in LT Investment	-1,607	-2,640	-1,458	-615	-1,169	-496	-1,318	-1,795	-3,176	-2,622	-1,542	-1,553	-3,674	-1,872	-9,036
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	38	38	22	17	15	16	3	4	- -	9	-4	- -	46	-45	9
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-916	-1,691	-165	424	-209	68	87	-869	-1,605	2,353	-555	-65	-2,960	-1,026	-8,074
+ Dividends Paid	-41	-59	-69	-65	-61	-52	-48	-53	-68	-52	-59	-72	-93	-118	-247
+ Net Cash From Debt	821	-41	-18	-2	-2	-2	-1	-2	-1	-3	- -	- -	- -	- -	- -
+ Cash From Debt	860	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	-39	-41	-18	-2	-2	-2	-1	-2	-1	-3	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	1,526	57	-597	96	-211	-302	703	1,504	-2,308	342	-207	2,736	1,181	7,339
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	875	1,549	-30	-664	-9	-265	-304	690	1,474	-2,353	520	-32	2,686	1,395	8,262
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	30	7	14	-25	-1	14	-12	2	44	174	112	29	-212	384	309
EBITDA	33	-1	8	9	5	2	1	1	2	2	2	2	2	2	2
EBITDA Margin (%)	55.5	-1.27	9.51	20.91	15.92	2.64	2.58	5.2	-1.23	1	1.81	1.33	8.65	1.24	0.56
Free Cash Flow	71	149	209	214	217	211	204	181	175	174	147	126	62	14	121
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	71	149	209	214	217	211	204	181	- -	174	147	126	- -	14	121
Free Cash Flow to Equity	891	162	237	203	205	200	224	168	182	169	72	119	55	7	111
Free Cash Flow per Basic Share	5.49	8.43	11.46	11.76	12.32	12.86	12.17	9.39	7.42	7.53	4.51	2.97	1.13	0.2	0.97
Price/Free Cash Flow	4.99	3.36	2.09	2.1	1.55	1.59	1.73	1.83	2.28	2.36	3.72	4.3	11.03	62.64	14.5
Cash Flow to Net Income	1.77	2.02	3.07	7.71	13.11	4.88	6.03	25.71	-1.15	0.98	1.44	0.88	-10.15	0.13	0.38
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -