Motorola Solutions, Inc. Financial Ratios — 4MSI 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 (%)	14.39	20.78	31.74	40.63	- -	- -	- -	- -	- -	- -	- -	- -	406.9	129.95	104.74
Return on Assets (%)	5.86	6.62	8.96	11.66	6.5	6.66	-1.86	10.97	8.66	8.82	10.8	10.9	13.07	11.29	12.68
Return on Capital (%)	- -	16.1	- -	- -	14.16	18.39	-6.11	34.59	23.52	22.18	25.08	24.64	27.24	23.25	23.7
Return on Invested Capital (%)	- -	11.58	- -	- -	13.28	17.93	-5.7	31.94	29.9	21.73	23.44	22.69	25.38	27.2	22.13
Gross Margin (%)	50.54	50.95	49.93	48.14	47.74	47.52	47.4	47.39	49.84	48.66	49.44	46.41	49.81	50.96	51.66
EBITDA Margin (%)	14.92	17.08	17.75	-14.16	20.09	22.24	25.5	21.99	25.04	24.17	25.76	23.06	26.56	27.96	29.22
Operating Margin (%)	12.18	14.85	16.33	16.36	18.79	19.2	20.06	18.3	20.7	19.07	21.01	19.13	23.64	24.86	25.33
Incremental Operating Margin (%)	38.05	3.52	- -	15.9	- -	25.95	35.38	6.65	53.13	46.3	40.03	2.76	71.13	39.33	31.21
Pretax Margin (%)	9	14.05	14.13	-19.74	16.1	13.98	16.87	15.01	12.69	15.83	18.99	16.63	21.51	18.23	24.07
Profit Margin (%)	14.12	14.05	17.65	22.09	10.71	9.27	-2.43	13.16	11.01	12.8	15.24	14.96	17.13	14.58	18.44
Net Income to Common Margin (%)	14.12	14.05	17.65	22.09	10.71	9.27	-2.43	13.16	11.01	12.8	15.24	14.96	17.13	14.58	18.44
Effective Tax Rate (%)	- -	23.95	- -	- -	29.88	33.41	114.03	12.07	12.99	18.82	19.46	9.77	20.13	19.78	23.19
Dvd Payout Ratio (%)	9.8	40.3	30.9	-45.76	42.88	49.65	-208.84	34.67	43.36	45.56	38.41	38.66	34.26	41.21	33.61
Sustainable Growth Rate (%)	12.98	12.41	21.94	59.22	- -	- -	- -	- -	- -	- -	- -	- -	267.48	76.4	69.54

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	1,535	1,863	2,461	3,400	4,349	4,396	4,471	5,320	5,748	5,703	6,130	6,551	6,550	6,551	9,766
ST Debt	405	4	4	4	4	4	52	31	138	138	129	119	1,438	449	882
LT Debt	1,130	1,859	2,457	3,396	4,345	4,392	4,419	5,289	5,610	5,565	6,001	6,432	5,112	6,102	8,884
Total Debt/EBITDA	1.25	1.74	2.23	-4.08	3.8	3.27	2.75	3.29	2.91	3.18	2.91	3.12	2.47	2.17	2.86
Net Debt/EBITDA	-0.28	0.37	-0.69	0.67	2.07	2.55	2.01	2.52	2.09	2.19	1.81	2.23	1.63	1.29	2.34
Total Debt/EBIT	1.79	2.03	2.6	-3.38	4.38	4.19	3.48	4.24	3.64	4.12	3.68	3.94	2.86	2.44	3.27
Net Debt/EBIT	-0.4	0.43	-0.81	0.55	2.38	3.27	2.54	3.24	2.61	2.84	2.29	2.82	1.88	1.45	2.68
EBITDA to Interest Expense	9.27	9.92	8.37	-5.67	6.15	5.97	7.57	6.73	8.33	7.69	9.79	8.75	10.64	10.25	9.48
EBITDA-CapEx/Interest Expense	9.27	9.92	8.37	-5.67	6.15	5.97	7.57	6.73	8.33	7.69	9.79	8.75	10.64	10.25	9.48
EBIT to Interest Expense	7.57	8.62	7.7	6.54	5.75	5.15	5.95	5.6	6.89	6.07	7.99	7.26	9.47	9.12	8.22
Interest Expense	132	108	132	147	186	225	215	240	237	233	215	240	249	295	360
Common Equity/Total Assets	37.43	25.75	30.88	26.24	-1.27	-11.39	-21.22	-13.74	-6.58	-5.13	-0.33	0.91	5.43	11.67	12.43
Long-Term Debt/Equity (%)	21.43	56.5	66.6	122.78	- -	- -	- -	- -	- -	- -	- -	4,909.92	691.75	354.97	366.05
Long-Term Debt/Capital (%)	16.6	36.08	39.95	55.08	102.16	127.53	161.04	130.79	110.76	107.81	98.26	96.26	70.13	73.78	72.86
Long-Term Debt/Total Assets (%)	8.11	14.66	20.73	32.58	52.06	51.9	53.84	56.21	52.72	51.17	49.23	50.2	38.33	41.81	45.82
Total Debt/Equity (%)	29.11	56.63	66.71	122.92	-4,530.21	-461.76	-258.89	-416.93	-841.58	-1,054.16	-26,652.17	5,000.76	886.33	381.09	402.39
Total Debt/Capital (%)	22.54	36.15	40.02	55.14	102.26	127.64	162.94	131.55	113.48	110.48	100.38	98.04	89.86	79.21	80.1
Total Debt/Total Assets (%)	11.02	14.69	20.77	32.62	52.11	51.94	54.47	56.54	54.01	52.44	50.29	51.12	49.12	44.89	50.37
Net Debt to Equity	-6.56	12.01	-20.71	-20.03	-2,467.71	-360.19	-189.11	-318.42	-604.39	-724.77	-16,604.35	3,579.39	583.63	226.76	329.58
Net Debt/Capital (%)	-7.02	10.72	-26.12	-25.05	104.22	138.43	212.22	145.78	101.57	100.33	90.22	87.53	77.24	63.17	72.52
EBITDA	1,224	1,071	1,105	-833	1,144	1,343	1,627	1,615	1,975	1,792	2,105	2,101	2,650	3,024	3,413
EBITDA-CapEx	1,224	1,071	1,105	-833	1,144	1,343	1,627	1,615	1,975	1,792	2,105	2,101	2,650	3,024	3,413
Operating Income (Loss)	999	931	1,017	962	1,070	1,159	1,280	1,344	1,633	1,414	1,717	1,743	2,359	2,689	2,959

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	1.33	1.08	1	1.76	1.1	0.38	0.41	0.41	0.29	0.36	0.46	0.29	0.3	0.42	0.19
Current Ratio	2.3	2.22	2.18	3.06	2.11	1.3	1.35	1.38	1.21	1.24	1.33	1.15	1	1.28	1.04
Quick Ratio	1.93	1.8	1.59	2.64	1.91	1.12	1.15	1.2	1.03	1.04	1.09	0.85	0.8	1.05	0.82
CFO/Avg Current Liab	0.14	0.3	0.29	-0.2	0.46	0.48	0.48	0.36	0.56	0.47	0.49	0.42	0.4	0.44	0.51
Common Equity/Total Assets	37.43	25.75	30.88	26.24	-1.27	-11.39	-21.22	-13.74	-6.58	-5.13	-0.33	0.91	5.43	11.67	12.43
Long-Term Debt/Equity (%)	21.43	56.5	66.6	122.78	- -	- -	- -	- -	- -	- -	- -	4,909.92	691.75	354.97	366.05
Long-Term Debt/Capital (%)	16.6	36.08	39.95	55.08	102.16	127.53	161.04	130.79	110.76	107.81	98.26	96.26	70.13	73.78	72.86
Long-Term Debt/Total Assets (%)	8.11	14.66	20.73	32.58	52.06	51.9	53.84	56.21	52.72	51.17	49.23	50.2	38.33	41.81	45.82
Total Debt/Equity (%)	29.11	56.63	66.71	122.92	-4,530.21	-461.76	-258.89	-416.93	-841.58	-1,054.16	-26,652.17	5,000.76	886.33	381.09	402.39
Total Debt/Capital (%)	22.54	36.15	40.02	55.14	102.26	127.64	162.94	131.55	113.48	110.48	100.38	98.04	89.86	79.21	80.1
Total Debt/Total Assets (%)	11.02	14.69	20.77	32.62	52.11	51.94	54.47	56.54	54.01	52.44	50.29	51.12	49.12	44.89	50.37
CFO/Total Liabilities	10.1	11.4	11.57	-7.08	12.09	12.37	13.55	10.06	16.1	14.13	15.04	14.37	16.23	18.57	16.73
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	2.79	3.1	2.71	2.67	2.83	3.22	3.64	3.48	4.31	4.19	4.76	6.11	4.87

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	3.2	3.35	3.83	4.23	4.11	4.36	4.35	5.22	5.83	5.29	5.89	6.28	6.18	5.91	5.63
Days Sales Outstanding	114.22	109.08	95.25	86.21	88.8	83.78	83.9	69.99	62.59	68.97	62	58.16	59.04	61.78	64.86
Inventory Turnover	4.33	6	7.25	8.82	9.29	11.14	11.19	11.31	9.85	7.97	6.38	5.3	5.32	6.66	6.46
Days Inventory Outstanding	84.39	60.83	50.34	41.41	39.31	32.77	32.63	32.27	37.04	45.79	57.25	68.88	68.58	54.8	56.52
Accounts Payable Turnover	2.04	4.45	4.58	4.86	4.42	4.54	4.62	5.12	5.2	4.97	4.74	4.49	4.29	4.77	4.68
Accounts Payable Turnover Days	178.74	81.99	79.63	75.08	82.55	80.4	79.05	71.32	70.17	73.39	77.04	81.26	85.06	76.53	77.99
Cash Conversion Cycle	19.87	87.92	65.96	52.53	45.56	36.15	37.48	30.93	29.47	41.38	42.22	45.79	42.56	40.06	43.4
Inventory to Cash Days	29.83	48.25	44.91	44.8	49.49	51.02	51.27	37.72	25.55	23.18	4.75	-10.72	-9.54	6.98	8.34
Inventories	512	513	347	345	296	273	327	356	447	508	788	1,055	827	766	983
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	363	432	315	313	287	253	282	293	374	360	643	829	640	498	644
Finished Goods	319	244	157	163	151	151	178	206	209	271	268	354	328	396	455
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	- -	- -	17,189	14,911	12,213	13,652	14,647	18,246	27,385	28,595	46,251	43,081	51,553	77,305	62,417
- Cash & Cash Equivalents	1,881	1,468	3,225	3,954	1,980	967	1,205	1,257	1,001	1,254	1,874	1,325	1,705	2,099	1,163
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	60	25	30	31	10	12	15	17	17	17	17	15	15	16	17
+ Total Debt	1,535	1,863	2,461	3,400	4,349	4,396	4,471	5,320	5,748	5,703	6,130	6,551	6,550	6,551	9,766
Enterprise Value	- -	- -	16,453	14,388	14,154	17,047	17,928	22,326	32,149	33,061	50,524	48,322	56,413	81,773	71,037
Total Capital	6,809	5,153	6,150	6,166	4,253	3,444	2,744	4,044	5,065	5,162	6,107	6,682	7,289	8,270	12,193
Total Debt/Capital (%)	22.54	36.15	40.02	55.14	102.26	127.64	162.94	131.55	113.48	110.48	100.38	98.04	89.86	79.21	80.1
Total Debt / EV	- -	- -	0.15	0.24	0.31	0.26	0.25	0.24	0.18	0.17	0.12	0.14	0.12	0.08	0.14
EV/Sales	- -	- -	2.64	2.45	2.49	2.82	2.81	3.04	4.08	4.46	6.18	5.3	5.65	7.56	6.08
EV/EBITDA	- -	- -	14.89	- -	12.37	12.69	11.02	13.82	16.28	18.45	24	23	21.29	27.04	20.81
EV/EBIT	- -	- -	17.37	- -	14.24	16.27	13.96	17.79	20.33	23.9	30.31	29.09	24.59	30.42	23.77
EV/Cash Flow to Firm	- -	- -	- -	- -	12.29	12.96	13.62	17.36	15.84	18.35	25.13	23.69	25.15	31.12	22.82
EV/Free Cash Flow to Firm	- -	- -	- -	- -	12.29	12.96	13.62	17.36	15.84	18.35	25.13	23.69	25.15	31.12	22.82
Diluted Market Cap	- -	- -	18,270	16,661	14,140	14,348	14,802	19,194	28,204	29,388	47,594	44,213	53,383	79,017	63,660
Diluted Enterprise Value	- -	- -	17,534	16,138	16,081	17,743	18,083	23,274	32,968	33,854	51,867	49,454	58,243	83,485	72,280
EV per Share	- -	- -	64.65	65.46	81.21	103.5	111.22	136.55	188.56	195.16	299.49	288.49	339.43	489.37	428.71
TTM Sales	8,203	6,269	6,227	5,881	5,695	6,038	6,380	7,343	7,887	7,414	8,171	9,112	9,978	10,817	11,682
TTM EBITDA	1,224	1,071	1,105	-833	1,144	1,343	1,627	1,615	1,975	1,792	2,105	2,101	2,650	3,024	3,413
TTM Operating Income	999	931	1,017	962	1,070	1,159	1,280	1,344	1,633	1,414	1,717	1,743	2,359	2,689	2,959
TTM Cash Flow to Firm	- -	1,152	- -	- -	1,151	1,315	1,316	1,286	2,029	1,802	2,010	2,040	2,243	2,628	3,114
TTM Free Cash Flow to Firm	- -	1,152	- -	- -	1,151	1,315	1,316	1,286	2,029	1,802	2,010	2,040	2,243	2,628	3,114

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	- -	- -	19.35	-30.74	13.85	12.32	11	17.86	15.47	18.22	25.91	24.25	26.12	33.05	22.44
EV/EBIT	- -	- -	17.37	- -	14.24	16.27	13.96	17.79	20.33	23.9	30.31	29.09	24.59	30.42	23.77
Enterprise Value	- -	- -	16,453	14,388	14,154	17,047	17,928	22,326	32,149	33,061	50,524	48,322	56,413	81,773	71,037
Low Price	- -	- -	59.32	58.13	56.85	59.53	77.95	89.92	111.69	125.6	166.91	198.33	253.88	307.07	359.77
EV/Sales	- -	- -	2.64	2.45	2.49	2.82	2.81	3.04	4.08	4.46	6.18	5.3	5.65	7.56	6.08
EV/EBITDA	- -	- -	14.89	- -	12.37	12.69	11.02	13.82	16.28	18.45	24	23	21.29	27.04	20.81
Price/Earnings	- -	- -	16.35	12.83	22.93	25.1	- -	18.76	30.83	30.24	37.26	31.61	30.31	48.93	29.13
Price/Earnings Average	- -	- -	15.45	12.21	21.19	21.98	- -	19.41	29.66	27.92	29.35	28.77	27.79	41.85	33.24
Price/Earnings High	- -	- -	16.35	12.85	23.86	25.52	- -	22.34	34.95	33.45	37.26	33.82	32.44	53.29	37.53
Price/Earnings Low	- -	- -	14.36	10.99	18.6	18.03	- -	15.12	21.44	22.5	22.68	24.37	24.81	32.48	27.83
Price/Book Value	- -	- -	4.7	5.45	-115.22	-14.16	-8.41	-14.11	-39.12	-51.24	-1,156.26	371.39	71.21	45.39	25.9
Price/Book Value Average	- -	- -	4.44	5.19	-106.48	-12.4	-7.99	-14.6	-37.64	-47.32	-910.78	338	65.29	38.83	29.55
Price/Book Value High	- -	- -	4.7	5.46	-119.91	-14.39	-8.8	-16.8	-44.36	-56.69	-1,156.26	397.41	76.21	49.44	33.36
Price/Book Value Low	- -	- -	4.13	4.67	-93.48	-10.17	-7.21	-11.37	-27.21	-38.13	-703.94	286.38	58.28	30.13	24.74
Price/Tangible Book Value	- -	- -	5.22	6.4	-21.24	-5.43	-4.14	-4.52	-6.69	-7.13	-12.47	-9.49	-13.11	-25.16	-8.33
Price/Tangible Book Value Average	- -	- -	4.93	6.09	-19.63	-4.76	-3.93	-4.68	-6.44	-6.58	-9.82	-8.64	-12.02	-21.52	-9.5
Price/Tangible Book Value High	- -	- -	5.22	6.42	-22.11	-5.52	-4.33	-5.38	-7.58	-7.89	-12.47	-10.16	-14.03	-27.41	-10.73
Price/Tangible Book Value Low	- -	- -	4.59	5.49	-17.23	-3.9	-3.55	-3.64	-4.65	-5.3	-7.59	-7.32	-10.73	-16.7	-7.95
Price/Sales	- -	- -	2.89	2.83	2.46	2.33	2.32	2.47	3.39	3.87	5.68	4.73	5.19	7.13	5.37
Price/Sales Average	- -	- -	2.73	2.7	2.27	2.04	2.2	2.55	3.26	3.57	4.47	4.3	4.76	6.1	6.13
Price/Sales High	- -	- -	2.89	2.84	2.56	2.37	2.43	2.94	3.85	4.28	5.68	5.06	5.56	7.77	6.92
Price/Sales Low	- -	- -	2.53	2.43	1.99	1.67	1.99	1.99	2.36	2.88	3.46	3.65	4.25	4.74	5.13
Price/Cash Flow	- -	- -	19.03	-30.74	13.7	12.07	11	16.86	14.68	17.79	25.25	23.63	25.34	32.27	22.12
Price/Cash Flow Average	- -	- -	17.98	-29.26	12.66	10.57	10.45	17.44	14.12	16.43	19.89	21.51	23.24	27.61	25.24
Price/Cash Flow High	- -	- -	19.03	-30.81	14.26	12.27	11.5	20.07	16.64	19.68	25.25	25.29	27.12	35.15	28.5
Price/Cash Flow Low	- -	- -	16.71	-26.34	11.11	8.67	9.43	13.58	10.21	13.24	15.37	18.22	20.74	21.42	21.13
Price/Free Cash Flow Average	- -	- -	18.29	-29.26	12.8	10.79	10.45	18.47	14.89	16.82	20.41	22.07	23.95	28.27	25.6
Price/Free Cash Flow High	- -	- -	19.35	-30.81	14.41	12.52	11.5	21.26	17.54	20.15	25.91	25.95	27.95	35.99	28.91
Price/Free Cash Flow Low	- -	- -	17	-26.34	11.24	8.85	9.43	14.39	10.76	13.56	15.77	18.7	21.38	21.94	21.43
EV/Sales Average	- -	- -	2.49	2.32	2.32	2.54	2.7	3.13	3.95	4.16	4.98	4.88	5.22	6.53	6.83
EV/Sales High	- -	- -	2.64	2.45	2.57	2.86	2.92	3.51	4.54	4.87	6.18	5.63	6.02	8.2	7.62
EV/Sales Low	- -	- -	2.31	2.08	2.08	2.19	2.48	2.56	3.02	3.47	3.97	4.22	4.72	5.16	5.84
EV/EBITDA Average	- -	- -	14.03	- -	11.56	11.43	10.57	14.21	15.75	17.23	19.34	21.16	19.67	23.34	23.39
EV/EBITDA High	- -	- -	14.89	- -	12.81	12.86	11.43	15.98	18.13	20.14	24	24.44	22.66	29.32	26.09
EV/EBITDA Low	- -	- -	13	- -	10.36	9.83	9.74	11.63	12.05	14.37	15.41	18.31	17.76	18.45	19.99
EV/EBIT Average	- -	- -	16.37	- -	13.31	14.65	13.39	18.29	19.68	22.32	24.42	26.76	22.72	26.26	26.72
EV/EBIT High	- -	- -	17.37	- -	14.74	16.48	14.49	20.56	22.65	26.1	30.31	30.91	26.17	32.98	29.8
EV/EBIT Low	- -	- -	15.16	- -	11.92	12.6	12.34	14.97	15.06	18.61	19.45	23.16	20.51	20.75	22.84
Last Price	- -	- -	67.54	67.84	70.07	82.89	90.86	111.59	160.61	168.8	274.16	257.2	310.19	462.63	376.69
High Price	- -	- -	67.54	67.99	72.92	84.25	95.04	132.88	182.12	186.73	274.16	275.22	331.99	503.85	485.27
Enterprise Value Average	- -	- -	15,504	13,671	13,228	15,350	17,197	22,955	31,114	30,870	40,704	44,449	52,127	70,591	79,837
Enterprise Value High	- -	- -	16,453	14,421	14,651	17,272	18,602	25,806	35,815	36,097	50,524	51,341	60,037	88,662	89,029
Enterprise Value Low	- -	- -	14,360	12,254	11,850	13,200	15,846	18,782	23,808	25,743	32,430	38,462	47,055	55,779	68,234

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	319	276	255	220	174	165	161	164	171	169	169	168	166	167	166
Diluted Weighted Avg Shares	340	297	271	246	202	173	163	172	176	174	174	172	172	171	169
Basic Weighted Avg Shares	334	292	266	246	200	170	163	162	167	170	169	168	167	167	167
Revenue per Share	24.57	21.46	23.41	23.95	28.53	35.6	39.17	45.22	47.34	43.61	48.29	54.4	59.75	64.85	70.12
EBITDA per Share	3.67	3.67	4.15	-3.39	5.73	7.92	9.99	9.94	11.85	10.54	12.44	12.54	15.87	18.13	20.49
Operating Income per Share	2.99	3.19	3.82	3.92	5.36	6.83	7.86	8.28	9.8	8.32	10.15	10.41	14.13	16.12	17.76
Basic EPS, GAAP	3.47	3.02	4.13	5.29	3.06	3.3	-0.95	5.95	5.21	5.58	7.36	8.14	10.23	9.45	12.93
Basic EPS from Cont Ops	2.22	2.29	3.53	-2.83	3.22	3.31	-0.93	5.97	5.23	5.61	7.39	8.16	10.26	9.48	12.97
Diluted EPS, GAAP	3.41	2.96	4.06	5.29	3.02	3.24	-0.95	5.62	4.94	5.45	7.17	7.93	9.93	9.23	12.75
Diluted EPS from Cont Ops	2.18	2.25	3.47	-2.83	3.19	3.25	-0.93	5.63	4.96	5.47	7.2	7.95	9.96	9.26	12.78
Dividend per Share	0.22	0.92	1.1	1.29	1.39	1.65	1.88	2.08	2.27	2.56	2.85	3.16	3.53	3.92	4.37
Cash Flow per Share	2.62	3.66	3.55	-2.21	5.12	6.87	8.26	6.62	10.94	9.49	10.86	10.88	12.24	14.33	17.03
Free Cash Flow per Basic Share	2.62	3.66	3.55	-2.21	5.12	6.87	8.26	6.62	10.94	9.49	10.86	10.88	12.24	14.33	17.03
Cash & Equivalents per Share	15.97	13.05	12.68	17.99	13.87	6.15	7.48	7.69	5.87	7.4	11.11	7.91	10.26	12.56	7.02
Book Value per Share	16.36	11.83	14.38	12.44	-0.61	-5.85	-10.81	-7.91	-4.11	-3.29	-0.24	0.69	4.36	10.19	14.54
Tangible Book Value per Share	11.73	5.96	12.94	10.6	-3.3	-15.26	-21.97	-24.69	-24.01	-23.68	-21.99	-27.09	-23.66	-18.38	-45.23