Graphic Packaging Holding Company Financial Ratios — 4W8

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 (%)	28.92	11.45	14.4	8.65	21.77	21.13	25.57	15.4	13.14	11.15	12.31	25.84	29.33	22.72	13.99
Return on Assets (%)	6.06	2.64	3.19	2.06	5.48	5.15	6.34	3.71	2.89	2.21	2.23	5.02	6.72	5.9	3.87
Return on Capital (%)	- -	5.55	6.51	4.56	9.19	9.13	- -	5.73	4.62	4.27	4.15	8.53	11.44	10.06	7.1
Return on Invested Capital (%)	- -	5.53	7.04	4.77	9.17	9.32	- -	8.7	7.81	7.74	4.41	8.43	11.41	10.02	7.06
Gross Margin (%)	15.16	16.59	16.2	18.56	18.97	18.64	16.1	15.8	17.73	16.77	14.97	19.39	22.45	22.28	18.59
EBITDA Margin (%)	11.14	13.59	13.82	11.74	17.01	16.44	14.94	14.74	15.93	15.24	12.52	15.46	19.02	19.03	15.55
Operating Margin (%)	7.08	8.04	7.92	10.03	10.8	10.34	8.15	7.85	9.29	8.92	7.62	10.99	13.24	12.76	9.81
Incremental Operating Margin (%)	20.84	38.99	4.18	- -	- -	- -	- -	7.03	75.73	3.25	- -	21.54	- -	19.97	146.84
Pretax Margin (%)	1.03	4.62	4.75	3.13	8.64	7.43	5.74	5.76	5.75	3.72	4.04	7.58	9.89	10.06	6.75
Profit Margin (%)	6.58	2.83	3.27	2.12	5.53	5.3	6.81	3.67	3.36	2.55	2.85	5.53	7.67	7.47	5.15
Net Income to Common Margin (%)	6.58	2.83	3.27	2.12	5.53	5.3	6.81	3.67	3.36	2.55	2.85	5.53	7.67	7.47	5.15
Effective Tax Rate (%)	- -	41.19	31.7	34.21	36.29	29.18	- -	15.74	21.47	17.21	25.61	27.09	22.53	25.85	23.88
Dvd Payout Ratio (%)	- -	- -	- -	- -	21.43	28.25	31.11	30.25	32.38	43.1	40.35	17.62	17.01	18.54	28.83
Sustainable Growth Rate (%)	28.92	11.45	14.4	8.65	17.11	15.16	17.61	10.74	8.89	6.35	7.34	21.29	24.34	18.51	9.96

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	2,366	2,333	2,254	1,958	1,876	2,152	2,275	2,957	3,067	3,862	6,060	5,503	5,435	5,247	5,638
ST Debt	30	80	77	32	37	63	61	52	105	558	352	119	826	102	616
LT Debt	2,336	2,254	2,176	1,926	1,839	2,089	2,213	2,905	2,961	3,304	5,708	5,384	4,609	5,145	5,022
Total Debt/EBITDA	5.05	3.96	3.64	3.93	2.65	3.04	3.46	3.33	3.13	3.86	6.76	3.77	3.03	3.13	4.21
Net Debt/EBITDA	4.45	3.86	3.55	3.76	2.57	2.94	3.31	3.24	2.76	3.33	6.27	3.49	2.9	3	3.96
Total Debt/EBIT	12.43	7.24	6.6	8.59	4.39	5.28	6.94	6.45	5.74	7.37	14.89	6.07	4.63	4.69	7.01
Net Debt/EBIT	10.97	7.05	6.43	8.22	4.26	5.09	6.64	6.29	5.06	6.35	13.8	5.62	4.43	4.49	6.6
EBITDA to Interest Expense	3.23	5.3	6.07	6.17	10.44	9.23	7.34	7.19	6.96	7.75	7.28	7.41	7.5	7.29	6.09
EBITDA-CapEx/Interest Expense	3.23	5.3	6.07	5.99	10.21	9.02	7.12	7.05	6.8	7.52	7.07	7.27	7.41	7.14	6.09
EBIT to Interest Expense	2.06	3.14	3.48	5.27	6.62	5.8	4	3.82	4.06	4.53	4.43	5.26	5.22	4.89	3.84
Interest Expense	145	111	102	81	68	77	90	124	141	129	123	197	239	230	220
Common Equity/Total Assets	25.12	21.03	23.3	24.47	25.89	22.95	26.57	22.38	21.54	18.24	18.08	20.81	24.89	27.03	28.33
Long-Term Debt/Equity (%)	197.69	229.22	202.7	190.21	166.91	197.68	171.31	126.62	125.36	179.57	301.53	250.42	165.67	170.76	150.49
Long-Term Debt/Capital (%)	65.84	67.95	65.41	64.83	61.77	65.09	62.06	55.32	54.55	57.94	71.77	70.35	56.09	62.29	55.96
Long-Term Debt/Total Assets (%)	50.23	48.65	47.73	46.54	43.21	45.37	45.51	41.15	40.62	42.33	54.59	52.13	41.24	46.17	42.65
Total Debt/Equity (%)	200.24	237.34	209.91	193.39	170.24	203.68	176.06	128.89	129.81	209.89	320.13	255.95	195.36	174.15	168.95
Total Debt/Capital (%)	66.69	70.36	67.73	65.92	63	67.07	63.78	56.31	56.49	67.73	76.2	71.91	66.14	63.52	62.82
Total Debt/Total Assets (%)	50.88	50.38	49.43	47.31	44.07	46.75	46.77	41.89	42.07	49.48	57.95	53.28	48.64	47.08	47.88
Net Debt to Equity	176.61	231.31	204.53	185.02	165.09	196.39	168.52	125.65	114.41	180.76	296.62	236.84	187.06	166.61	158.92
Net Debt/Capital (%)	63.71	69.65	67.05	64.85	62.24	65.88	62.22	55.64	51.23	60.22	72.16	67.87	64.61	61.95	60.86
EBITDA	469	589	619	498	708	707	658	889	981	1,000	896	1,459	1,793	1,676	1,340
EBITDA-CapEx	469	589	619	484	692	691	639	872	959	970	869	1,432	1,770	1,642	1,340
Operating Income (Loss)	298	349	355	425	449	445	359	473	572	585	545	1,037	1,248	1,124	845

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	0.42	0.07	0.07	0.12	0.07	0.08	0.08	0.06	0.13	0.1	0.08	0.08	0.06	0.08	0.12
Current Ratio	2.03	1.6	1.73	1.55	1.46	1.43	1.37	1.5	1.51	1.09	1.22	1.4	1.1	1.46	1.3
Quick Ratio	1.04	0.68	0.65	0.73	0.65	0.62	0.46	0.56	0.55	0.45	0.5	0.53	0.39	0.48	0.45
CFO/Avg Current Liab	0.62	0.67	0.63	0.76	0.84	0.1	-0.24	-0.37	0.56	0.54	0.31	0.55	0.51	0.37	0.41
Common Equity/Total Assets	25.12	21.03	23.3	24.47	25.89	22.95	26.57	22.38	21.54	18.24	18.08	20.81	24.89	27.03	28.33
Long-Term Debt/Equity (%)	197.69	229.22	202.7	190.21	166.91	197.68	171.31	126.62	125.36	179.57	301.53	250.42	165.67	170.76	150.49
Long-Term Debt/Capital (%)	65.84	67.95	65.41	64.83	61.77	65.09	62.06	55.32	54.55	57.94	71.77	70.35	56.09	62.29	55.96
Long-Term Debt/Total Assets (%)	50.23	48.65	47.73	46.54	43.21	45.37	45.51	41.15	40.62	42.33	54.59	52.13	41.24	46.17	42.65
Total Debt/Equity (%)	200.24	237.34	209.91	193.39	170.24	203.68	176.06	128.89	129.81	209.89	320.13	255.95	195.36	174.15	168.95
Total Debt/Capital (%)	66.69	70.36	67.73	65.92	63	67.07	63.78	56.31	56.49	67.73	76.2	71.91	66.14	63.52	62.82
Total Debt/Total Assets (%)	50.88	50.38	49.43	47.31	44.07	46.75	46.77	41.89	42.07	49.48	57.95	53.28	48.64	47.08	47.88
CFO/Total Liabilities	11.18	12.84	13.14	16.85	18.68	2.09	-5.39	-7.84	13.52	13.83	7.11	13.33	13.63	10.33	9.97
CFO/CapEx	- -	- -	- -	36.83	38.76	4.63	-10.03	-22.79	30.27	27.5	22.56	40.37	49.74	24.71	- -
Altman's Z-Score	1.95	2.08	2.39	2.94	2.86	2.66	2.7	2.04	2.24	1.91	1.68	2.39	2.39	2.43	1.92

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	- -	10.58	10.78	11.49	12.18	12.28	13.87	16.35	13.44	12.52	10.36	11.88	12.41	13.17	14.23
Days Sales Outstanding	- -	34.5	33.86	31.75	29.97	29.73	26.32	22.32	27.16	29.16	35.25	30.72	29.42	27.71	25.65
Inventory Turnover	8.01	7.19	6.89	6.4	6.25	6.14	6.07	6.16	4.8	4.91	4.84	5.09	4.35	3.9	3.99
Days Inventory Outstanding	45.59	50.79	52.99	57.02	58.41	59.49	60.09	59.25	75.99	74.33	75.43	71.78	83.87	93.53	91.58
Accounts Payable Turnover	9.38	8.5	8.56	8.01	7.72	7.62	7.62	8.89	7.21	7.13	6.51	6.97	6.73	6.19	6.56
Accounts Payable Turnover Days	38.9	42.95	42.62	45.56	47.3	47.89	47.88	41.07	50.6	51.21	56.1	52.4	54.24	58.92	55.66
Cash Conversion Cycle	- -	42.34	44.23	43.22	41.08	41.33	38.53	40.51	52.55	52.28	54.58	50.09	59.05	62.31	61.57
Inventory to Cash Days	- -	-16.29	-19.13	-25.26	-28.44	-29.77	-33.77	-36.93	-48.83	-45.17	-40.18	-41.06	-54.45	-65.82	-65.93
Inventories	474	533	557	522	557	583	634	1,014	1,096	1,128	1,387	1,606	1,754	1,754	1,766
Raw Materials	190	211	220	209	241	271	319	485	538	524	665	873	951	993	1,017
Work In Process	41	51	49	53	50	74	74	102	123	133	194	218	201	209	202
Finished Goods	244	271	288	260	266	238	241	427	435	471	528	515	602	552	547
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	1,621	2,195	3,073	4,536	4,142	3,894	4,776	3,206	4,779	4,429	5,915	6,840	7,500	8,052	4,414
- Cash & Cash Equivalents	272	52	52	82	55	59	67	71	153	179	172	150	162	157	261
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	14	9	11	- -	- -	- -	- -	715	792	416	2	1	1	1	1
+ Total Debt	2,366	2,333	2,254	1,958	1,876	2,152	2,275	2,957	3,067	3,862	6,060	5,503	5,435	5,247	5,638
Enterprise Value	3,729	4,486	5,285	6,412	5,963	5,987	6,984	6,807	8,485	8,528	11,805	12,194	12,774	13,143	9,792
Total Capital	3,547	3,316	3,327	2,970	2,977	3,208	3,566	5,251	5,429	5,702	7,953	7,653	8,217	8,260	8,975
Total Debt/Capital (%)	66.69	70.36	67.73	65.92	63	67.07	63.78	56.31	56.49	67.73	76.2	71.91	66.14	63.52	62.82
Total Debt / EV	0.63	0.52	0.43	0.31	0.31	0.36	0.33	0.43	0.36	0.45	0.51	0.45	0.43	0.4	0.58
EV/Sales	0.89	1.03	1.18	1.51	1.43	1.39	1.59	1.13	1.38	1.3	1.65	1.29	1.35	1.49	1.14
EV/EBITDA	7.96	7.61	8.54	12.88	8.43	8.47	10.61	7.66	8.65	8.53	13.17	8.36	7.12	7.84	7.31
EV/EBIT	19.6	13.91	15.47	28.15	13.96	14.7	21.3	14.86	15.89	16.27	29	13.46	10.88	11.75	12.18
EV/Cash Flow to Firm	- -	8.4	10.02	11.06	9.43	46.68	- -	- -	10.92	9.15	16.85	9.88	9.61	13.01	9.71
EV/Free Cash Flow to Firm	- -	8.4	10.02	11.34	9.66	53.34	- -	- -	11.24	9.46	17.53	10.11	9.78	13.46	9.71
Diluted Market Cap	1,589	2,524	3,309	4,584	4,219	3,993	4,810	3,315	4,854	4,625	5,737	6,893	7,575	8,185	4,484
Diluted Enterprise Value	3,697	4,815	5,521	6,460	6,039	6,086	7,017	6,916	8,560	8,724	11,627	12,247	12,849	13,276	9,862
EV per Share	9.57	13.02	16.28	19.61	18.36	19.1	22.55	22.7	29.23	31.85	38.44	39.71	41.74	43.79	33.18
TTM Sales	4,206	4,337	4,478	4,241	4,160	4,298	4,406	6,029	6,160	6,560	7,156	9,440	9,428	8,807	8,617
TTM EBITDA	469	589	619	498	708	707	658	889	981	1,000	896	1,459	1,793	1,676	1,340
TTM Operating Income	298	349	355	425	449	445	359	473	572	585	545	1,037	1,248	1,124	845
TTM Cash Flow to Firm	- -	534	528	580	632	128	- -	-270	777	932	701	1,234	1,329	1,011	1,008
TTM Free Cash Flow to Firm	- -	534	528	565	617	112	- -	-286	755	902	674	1,207	1,306	977	1,008

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	4.1	5.39	7.22	8.95	7.35	68.85	-22.72	-8.5	7.54	5.82	9.86	6.48	6.76	10.15	5.33
EV/EBIT	19.6	13.91	15.47	28.15	13.96	14.7	21.3	14.86	15.89	16.27	29	13.46	10.88	11.75	12.18
Enterprise Value	3,729	4,486	5,285	6,412	5,963	5,987	6,984	6,807	8,485	8,528	11,805	12,194	12,774	13,143	9,792
Low Price	3.13	4.37	6.38	9.11	12.16	10.67	12.08	10.18	10.31	10.3	15.2	17.95	19.86	23.36	14.13
EV/Sales	0.89	1.03	1.18	1.51	1.43	1.39	1.59	1.13	1.38	1.3	1.65	1.29	1.35	1.49	1.14
EV/EBITDA	7.96	7.61	8.54	12.88	8.43	8.47	10.61	7.66	8.65	8.53	13.17	8.36	7.12	7.84	7.31
Price/Earnings	5.66	20.44	22.41	50.81	18.27	17.48	15.98	14.96	23.4	27.62	28.05	13.18	10.45	12.39	10.08
Price/Earnings Average	6.33	17.61	18.84	41.09	20.13	18.18	14.1	19.67	19.52	23.78	26.98	12.43	9.94	12.76	14.76
Price/Earnings High	7.61	20.89	22.41	51.05	23.38	20.74	16.31	23.4	24.03	27.95	30.84	14.86	11.63	14	19.18
Price/Earnings Low	4.25	14.04	15.12	33.37	17.42	15.02	12.52	14.25	14.65	17.19	22.14	10.62	8.47	10.79	9.53
Price/Book Value	1.39	2.25	2.89	4.48	3.76	3.69	3.7	2.03	3.04	3.11	3.13	3.18	2.7	2.67	1.32
Price/Book Value Average	1.55	1.94	2.43	3.62	4.14	3.83	3.26	2.67	2.54	2.68	3.01	3	2.57	2.75	1.94
Price/Book Value High	1.87	2.3	2.89	4.5	4.81	4.37	3.77	3.17	3.13	3.15	3.44	3.59	3	3.02	2.52
Price/Book Value Low	1.04	1.55	1.95	2.94	3.59	3.17	2.9	1.93	1.91	1.94	2.47	2.56	2.19	2.33	1.25
Price/Tangible Book Value	-3.22	-3.27	-5.8	-9.23	-9.15	-6	-10.21	-7.92	-12.41	-9.02	-5.96	-12.5	-52.82	22.88	7.34
Price/Tangible Book Value Average	-3.6	-2.82	-4.87	-7.46	-10.08	-6.24	-9.01	-10.41	-10.36	-7.77	-5.73	-11.8	-50.26	23.56	10.75
Price/Tangible Book Value High	-4.33	-3.34	-5.8	-9.27	-11.71	-7.12	-10.42	-12.38	-12.75	-9.13	-6.56	-14.11	-58.8	25.84	13.97
Price/Tangible Book Value Low	-2.42	-2.24	-3.91	-6.06	-8.72	-5.15	-8	-7.54	-7.77	-5.62	-4.71	-10.08	-42.81	19.92	6.94
Price/Sales	0.37	0.58	0.73	1.07	1.01	0.93	1.09	0.55	0.79	0.7	0.8	0.73	0.8	0.93	0.52
Price/Sales Average	0.42	0.5	0.62	0.87	1.11	0.96	0.96	0.72	0.66	0.61	0.77	0.69	0.76	0.95	0.76
Price/Sales High	0.5	0.59	0.73	1.08	1.29	1.1	1.11	0.86	0.81	0.71	0.88	0.82	0.89	1.05	0.99
Price/Sales Low	0.28	0.4	0.5	0.71	0.96	0.8	0.85	0.52	0.49	0.44	0.63	0.59	0.65	0.81	0.49
Price/Cash Flow	4.04	5.35	7.17	8.66	7.13	53.86	-24.92	-8.85	7.27	5.59	9.4	6.31	6.6	9.71	5.32
Price/Cash Flow Average	4.52	4.61	6.03	7	7.86	56.01	-22	-11.64	6.07	4.81	9.04	5.95	6.28	10	7.79
Price/Cash Flow High	5.44	5.46	7.17	8.7	9.13	63.91	-25.43	-13.84	7.47	5.66	10.33	7.12	7.35	10.96	10.13
Price/Cash Flow Low	3.04	3.67	4.84	5.68	6.8	46.27	-19.52	-8.43	4.55	3.48	7.41	5.08	5.35	8.45	5.03
Price/Free Cash Flow Average	4.58	4.64	6.07	7.24	8.1	71.59	-20.05	-11.17	6.29	5.01	9.48	6.12	6.43	10.46	7.81
Price/Free Cash Flow High	5.51	5.5	7.22	8.99	9.41	81.69	-23.18	-13.29	7.74	5.89	10.84	7.32	7.52	11.47	10.14
Price/Free Cash Flow Low	3.08	3.7	4.87	5.88	7.01	59.14	-17.79	-8.09	4.72	3.62	7.78	5.23	5.48	8.84	5.04
EV/Sales Average	0.93	0.96	1.07	1.31	1.53	1.43	1.46	1.3	1.25	1.21	1.62	1.25	1.32	1.52	1.37
EV/Sales High	1.02	1.05	1.18	1.52	1.71	1.56	1.61	1.43	1.4	1.31	1.73	1.38	1.45	1.61	1.6
EV/Sales Low	0.79	0.88	0.96	1.15	1.39	1.27	1.35	1.1	1.09	1.05	1.48	1.15	1.2	1.37	1.11
EV/EBITDA Average	8.37	7.1	7.75	11.14	9.02	8.69	9.76	8.79	7.84	7.91	12.92	8.09	6.92	7.99	8.84
EV/EBITDA High	9.15	7.69	8.54	12.92	10.07	9.5	10.76	9.69	8.78	8.58	13.83	8.96	7.6	8.46	10.28
EV/EBITDA Low	7.1	6.45	6.92	9.75	8.15	7.7	9.04	7.49	6.83	6.86	11.78	7.45	6.33	7.22	7.13
EV/EBIT Average	20.6	12.97	14.04	24.34	14.95	15.08	19.59	17.06	14.41	15.1	28.45	13.03	10.57	11.96	14.73
EV/EBIT High	22.54	14.06	15.47	28.24	16.68	16.48	21.59	18.8	16.13	16.38	30.45	14.43	11.6	12.68	17.13
EV/EBIT Low	17.48	11.78	12.55	21.31	13.51	13.35	18.14	14.52	12.55	13.08	25.94	11.99	9.67	10.82	11.88
Last Price	4.16	6.37	9.46	13.87	12.76	12.42	15.42	10.69	16.47	16.54	19.26	22.27	24.51	26.83	14.96
High Price	5.6	6.51	9.46	13.94	16.33	14.74	15.74	16.72	16.91	16.74	21.17	25.12	27.28	30.3	28.46
Enterprise Value Average	3,921	4,182	4,795	5,544	6,385	6,142	6,422	7,816	7,693	7,913	11,578	11,807	12,411	13,384	11,841
Enterprise Value High	4,289	4,533	5,285	6,434	7,122	6,714	7,081	8,615	8,614	8,581	12,393	13,070	13,624	14,185	13,776
Enterprise Value Low	3,327	3,798	4,286	4,855	5,770	5,438	5,948	6,654	6,699	6,856	10,558	10,866	11,353	12,103	9,549

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	389	345	325	327	325	314	310	300	290	268	307	307	306	300	295
Diluted Weighted Avg Shares	382	396	350	331	331	322	312	310	295	280	298	310	309	305	300
Basic Weighted Avg Shares	376	393	347	329	330	321	311	310	294	279	297	309	308	304	299
Revenue per Share	11.18	11.02	12.89	12.9	12.63	13.39	14.16	19.48	20.95	23.53	24.09	30.57	30.59	28.97	28.79
EBITDA per Share	1.25	1.5	1.78	1.51	2.15	2.2	2.12	2.87	3.34	3.59	3.02	4.72	5.82	5.51	4.48
Operating Income per Share	0.79	0.89	1.02	1.29	1.36	1.39	1.15	1.53	1.94	2.1	1.83	3.36	4.05	3.7	2.82
Basic EPS, GAAP	0.74	0.31	0.42	0.27	0.7	0.71	0.96	0.71	0.7	0.6	0.69	1.69	2.35	2.16	1.48
Basic EPS from Cont Ops	0.73	0.31	0.42	0.27	0.7	0.71	0.96	0.95	0.95	0.73	0.73	1.69	2.35	2.16	1.48
Diluted EPS, GAAP	0.73	0.31	0.42	0.27	0.7	0.71	0.96	0.71	0.7	0.6	0.68	1.69	2.34	2.16	1.48
Diluted EPS from Cont Ops	0.72	0.3	0.42	0.27	0.7	0.71	0.96	0.95	0.94	0.73	0.73	1.69	2.34	2.16	1.48
Dividend per Share	- -	- -	- -	- -	0.15	0.2	0.3	0.36	0.38	0.37	0.31	0.3	0.4	0.4	0.43
Cash Flow per Share	1.03	1.19	1.32	1.6	1.79	0.23	-0.62	-1.21	2.26	2.96	2.05	3.53	3.71	2.76	2.81
Free Cash Flow per Basic Share	1.03	1.19	1.32	1.56	1.74	0.18	-0.68	-1.26	2.19	2.85	1.96	3.44	3.64	2.65	2.81
Cash & Equivalents per Share	0.7	0.15	0.16	0.25	0.17	0.19	0.22	0.24	0.53	0.67	0.56	0.49	0.53	0.52	0.88
Book Value per Share	3	2.83	3.27	3.1	3.39	3.37	4.17	5.27	5.41	5.32	6.16	7	9.09	10.03	11.3
Tangible Book Value per Share	-1.29	-1.95	-1.63	-1.5	-1.39	-2.07	-1.51	-1.35	-1.33	-1.83	-3.23	-1.78	-0.46	1.17	2.04