Cognizant Technology Solutions Corporation Financial Ratios — COZ

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 (%)	23.45	23.87	22.36	20.74	19.09	15.53	14.06	19.02	16.41	12.74	18.72	18.85	16.65	16.21	15.16
Return on Assets (%)	17.51	17.48	16.77	14.67	13.24	11.37	10.2	13.53	11.49	8.4	12.29	12.83	11.7	11.65	10.97
Return on Capital (%)	23.45	23.87	22.36	18.58	16.43	14.12	13.11	17.89	14.97	11.13	16.35	16.77	15.2	14.99	14.06
Return on Invested Capital (%)	22.78	23.4	22.22	18.19	16.15	13.64	12.16	17.68	14.64	11.07	16.27	16.26	14.32	14.36	13.47
Gross Margin (%)	42.19	41.76	40.46	40.16	40.08	39.88	38.2	38.99	36.64	35.92	37.3	35.93	34.56	34.34	33.72
EBITDA Margin (%)	20.59	20.66	21.01	20.39	19.91	19.78	19.74	20.46	17.75	16.05	18.37	18.21	16.76	17.4	18.66
Operating Margin (%)	18.57	18.53	18.97	18.37	17.25	16.97	17.24	17.49	15.91	13.99	15.27	15.28	15.08	15.33	15.76
Incremental Operating Margin (%)	17.96	18.36	21.14	14.59	11.94	13.73	19.95	20.3	- -	260.31	26.79	15.42	66.67	28.2	21.94
Pretax Margin (%)	19.1	18.89	19.09	18.75	17.43	17.48	17.93	17.35	15.15	12.59	15.28	15.52	14.4	14.89	16.48
Profit Margin (%)	14.44	14.31	13.89	14.02	13.08	11.51	10.16	13.03	10.98	8.36	11.55	11.79	10.99	11.35	10.56
Net Income to Common Margin (%)	14.44	14.31	13.89	14.02	13.08	11.51	10.16	13.03	10.98	8.36	11.55	11.79	10.99	11.35	10.56
Effective Tax Rate (%)	24.42	24.24	27.21	25.21	24.95	34.15	43.43	24.96	25.29	33.59	24.51	24.2	23.97	24.27	36.16
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	17.62	22.28	24.59	34.48	23.82	24.63	27.8	26.79	27.35
Sustainable Growth Rate (%)	23.45	23.87	22.36	20.74	19.09	15.53	11.58	14.78	12.38	8.34	14.26	14.21	12.02	11.87	11.01

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	- -	- -	- -	1,638	1,283	878	873	745	1,685	1,758	1,642	1,534	1,315	1,480	1,152
ST Debt	- -	- -	- -	700	406	81	175	9	240	249	233	182	186	185	186
LT Debt	- -	- -	- -	938	877	797	698	736	1,445	1,509	1,409	1,352	1,129	1,295	966
Total Debt/EBITDA	- -	- -	- -	0.78	0.52	0.33	0.3	0.23	0.57	0.66	0.48	0.43	0.41	0.43	0.29
Net Debt/EBITDA	-1.04	-1.03	-1.19	-0.18	-0.34	-0.43	-0.36	-0.13	-0.64	-0.74	-0.33	-0.44	-0.61	-0.39	-0.34
Total Debt/EBIT	- -	- -	- -	0.87	0.6	0.38	0.35	0.27	0.69	0.83	0.58	0.52	0.49	0.51	0.34
Net Debt/EBIT	-1.15	-1.15	-1.32	-0.2	-0.39	-0.51	-0.42	-0.15	-0.78	-0.94	-0.4	-0.52	-0.74	-0.46	-0.39
EBITDA to Interest Expense	- -	- -	- -	697.67	137.33	140.42	127.13	122.19	114.58	111.38	377.78	186.16	79.12	63.59	106.46
EBITDA-CapEx/Interest Expense	- -	- -	- -	627	122.17	124.63	114.78	108.22	99.5	94.79	346.78	168.68	71.39	58.09	98.68
EBIT to Interest Expense	- -	- -	- -	628.33	119	120.47	111	104.44	102.69	97.04	314	156.21	71.17	56.04	89.92
Interest Expense	- -	- -	- -	3	18	19	23	27	26	24	9	19	41	54	37
Common Equity/Total Assets	71.77	74.44	75.43	67.43	71.04	75.22	70.09	72.09	68.02	64.03	67.17	68.95	71.56	72.16	72.56
Long-Term Debt/Equity (%)	- -	- -	- -	12.11	9.45	7.43	6.54	6.44	13.11	13.93	11.75	10.98	8.54	8.99	6.43
Long-Term Debt/Capital (%)	- -	- -	- -	10	8.3	6.87	6.05	6.05	11.37	11.98	10.34	9.77	7.76	8.15	5.98
Long-Term Debt/Total Assets (%)	- -	- -	- -	8.17	6.71	5.59	4.59	4.64	8.92	8.92	7.89	7.57	6.11	6.49	4.67
Total Debt/Equity (%)	- -	- -	- -	21.16	13.83	8.18	8.18	6.52	15.29	16.22	13.69	12.46	9.94	10.27	7.67
Total Debt/Capital (%)	- -	- -	- -	17.46	12.15	7.57	7.56	6.12	13.26	13.96	12.04	11.08	9.04	9.32	7.13
Total Debt/Total Assets (%)	- -	- -	- -	14.27	9.82	6.16	5.74	4.7	10.4	10.39	9.2	8.59	7.11	7.41	5.57
Net Debt to Equity	-33.16	-32.34	-36.07	-4.81	-9.08	-10.78	-9.86	-3.64	-17.3	-18.26	-9.41	-12.55	-14.98	-9.18	-8.82
Net Debt/Capital (%)	-49.62	-47.81	-56.41	-5.06	-9.98	-12.08	-10.94	-3.78	-18.95	-19.96	-9.53	-13.26	-16.63	-9.69	-9.29
EBITDA	1,261	1,518	1,858	2,093	2,472	2,668	2,924	3,299	2,979	2,673	3,400	3,537	3,244	3,434	3,939
EBITDA-CapEx	972	1,184	1,596	1,881	2,199	2,368	2,640	2,922	2,587	2,275	3,121	3,205	2,927	3,137	3,651
Operating Income (Loss)	1,136	1,361	1,678	1,885	2,142	2,289	2,553	2,820	2,670	2,329	2,826	2,968	2,918	3,026	3,327

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	2.01	2.08	2.11	1.46	1.82	2.14	1.78	1.66	1.15	0.77	0.77	0.75	0.79	0.63	0.52
Current Ratio	3.38	3.5	3.46	2.48	2.91	3.56	3.21	3.18	2.55	1.94	2.08	2.17	2.25	2.09	2.14
Quick Ratio	3.1	3.19	3.17	2.34	2.79	3.34	2.92	2.84	2.24	1.64	1.78	1.88	1.95	1.76	1.74
CFO/Avg Current Liab	0.82	0.91	0.9	0.67	0.82	0.64	0.92	0.93	0.88	1.01	0.71	0.75	0.7	0.61	0.8
Common Equity/Total Assets	71.77	74.44	75.43	67.43	71.04	75.22	70.09	72.09	68.02	64.03	67.17	68.95	71.56	72.16	72.56
Long-Term Debt/Equity (%)	- -	- -	- -	12.11	9.45	7.43	6.54	6.44	13.11	13.93	11.75	10.98	8.54	8.99	6.43
Long-Term Debt/Capital (%)	- -	- -	- -	10	8.3	6.87	6.05	6.05	11.37	11.98	10.34	9.77	7.76	8.15	5.98
Long-Term Debt/Total Assets (%)	- -	- -	- -	8.17	6.71	5.59	4.59	4.64	8.92	8.92	7.89	7.57	6.11	6.49	4.67
Total Debt/Equity (%)	- -	- -	- -	21.16	13.83	8.18	8.18	6.52	15.29	16.22	13.69	12.46	9.94	10.27	7.67
Total Debt/Capital (%)	- -	- -	- -	17.46	12.15	7.57	7.56	6.12	13.26	13.96	12.04	11.08	9.04	9.32	7.13
Total Debt/Total Assets (%)	- -	- -	- -	14.27	9.82	6.16	5.74	4.7	10.4	10.39	9.2	8.59	7.11	7.41	5.57
CFO/Total Liabilities	56.28	70.33	71.23	39.4	57.81	46.55	52.88	58.62	48.22	54.2	42.57	46.33	44.33	38.22	50.78
CFO/CapEx	3.04	3.51	5.44	6.95	8.01	5.48	8.48	6.88	6.38	8.29	8.94	7.73	7.35	7.15	10.01
Altman's Z-Score	11.09	11.52	12.77	9.12	9.82	9.83	9.48	9.35	8.08	8.24	9.24	7.83	8.96	9.01	9.06

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	5.58	5.82	5.91	5.67	5.88	5.61	5.46	5.33	5.21	5.25	5.57	5.28	5.06	4.99	4.97
Days Sales Outstanding	65.39	62.72	61.8	64.33	62.05	65.07	66.8	68.53	70.09	69.52	65.52	69.07	72.09	73.13	73.47
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	19,471	21,812	30,282	32,805	37,286	34,286	42,005	36,990	33,855	43,108	46,749	28,914	37,541	38,859	40,415
- Cash & Cash Equivalents	1,311	1,570	2,213	2,010	2,125	2,034	1,925	1,161	2,645	2,680	1,792	2,191	2,621	2,231	1,901
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	1,638	1,283	878	873	745	1,685	1,758	1,642	1,534	1,315	1,480	1,152
Enterprise Value	17,039	18,948	26,534	30,668	33,620	29,995	37,822	33,224	32,116	42,142	45,672	27,947	36,221	38,096	39,653
Total Capital	3,953	4,854	6,136	9,378	10,561	11,606	11,542	12,169	12,707	12,594	13,633	13,843	14,542	15,888	16,167
Total Debt/Capital (%)	- -	- -	- -	17.46	12.15	7.57	7.56	6.12	13.26	13.96	12.04	11.08	9.04	9.32	7.13
Total Debt / EV	- -	- -	- -	0.05	0.04	0.03	0.02	0.02	0.05	0.04	0.04	0.05	0.04	0.04	0.03
EV/Sales	2.78	2.58	3	2.99	2.71	2.22	2.55	2.06	1.91	2.53	2.47	1.44	1.87	1.93	1.88
EV/EBITDA	13.52	12.48	14.28	14.65	13.6	11.24	12.94	10.07	10.78	15.77	13.43	7.9	11.17	11.09	10.07
EV/EBIT	14.99	13.92	15.81	16.27	15.7	13.1	15.24	11.86	13.09	19.93	16.16	9.42	13.47	13.17	11.7
EV/Cash Flow to Firm	19.47	16.16	18.64	20.79	15.28	18.1	15.63	12.72	12.75	12.71	18.26	10.82	15.34	17.6	13.64
EV/Free Cash Flow to Firm	29.03	22.61	22.83	24.28	17.44	22.1	17.71	14.86	15.1	14.45	20.55	12.42	17.72	20.4	15.14
Diluted Market Cap	19,937	22,114	30,378	32,971	37,549	34,399	42,505	37,438	34,596	44,003	47,016	29,482	38,069	39,016	41,258
Diluted Enterprise Value	17,504	19,250	26,630	30,834	33,883	30,108	38,322	33,672	32,857	43,037	45,939	28,515	36,749	38,253	40,496
EV per Share	28.11	31.4	43.66	50.32	55.21	49.33	64.32	57.58	58.61	79.51	86.99	54.9	72.73	76.96	82.78
TTM Sales	6,121	7,346	8,843	10,263	12,416	13,487	14,810	16,125	16,783	16,652	18,507	19,428	19,353	19,736	21,108
TTM EBITDA	1,261	1,518	1,858	2,093	2,472	2,668	2,924	3,299	2,979	2,673	3,400	3,537	3,244	3,434	3,939
TTM Operating Income	1,136	1,361	1,678	1,885	2,142	2,289	2,553	2,820	2,670	2,329	2,826	2,968	2,918	3,026	3,327
TTM Cash Flow to Firm	875	1,173	1,424	1,475	2,201	1,658	2,420	2,612	2,518	3,315	2,502	2,582	2,361	2,165	2,907
TTM Free Cash Flow to Firm	587	838	1,162	1,263	1,928	1,358	2,136	2,235	2,126	2,917	2,223	2,250	2,044	1,868	2,619

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	33.97	26.39	26.14	26.15	19.62	25.58	20.02	16.9	16.42	15.17	21.22	13.19	18.91	21.36	15.9
EV/EBIT	14.99	13.92	15.81	16.27	15.7	13.1	15.24	11.86	13.09	19.93	16.16	9.42	13.47	13.17	11.7
Enterprise Value	17,039	18,948	26,534	30,668	33,620	29,995	37,822	33,224	32,116	42,142	45,672	27,947	36,221	38,096	39,653
Low Price	26.82	27	30.53	42.07	50.69	46.19	51.62	61.45	57.09	41.2	66.19	51.7	56.47	64.17	64.27
EV/Sales	2.78	2.58	3	2.99	2.71	2.22	2.55	2.06	1.91	2.53	2.47	1.44	1.87	1.93	1.88
EV/EBITDA	13.52	12.48	14.28	14.65	13.6	11.24	12.94	10.07	10.78	15.77	13.43	7.9	11.17	11.09	10.07
Price/Earnings	22.05	20.72	24.5	22.75	22.96	22.04	28.17	17.76	18.75	31.55	21.96	12.85	17.91	17.38	18.46
Price/Earnings Average	24.55	19.16	18.92	20.65	23.33	22.36	25.99	21.13	19.65	24.63	18.76	16.24	15.53	16.4	16.64
Price/Earnings High	28.51	22.21	24.59	23.07	26.34	24.94	29.89	23.89	22.77	31.83	22	20.98	18.19	18.1	19.83
Price/Earnings Low	18.41	15.47	15.01	17.78	19.01	18.05	20.35	17.02	17.33	15.98	16.32	11.7	13.41	14.21	14.06
Price/Book Value	4.93	4.49	4.94	4.24	4.02	3.2	3.94	3.24	3.07	3.98	3.9	2.35	2.84	2.7	2.69
Price/Book Value Average	5.48	4.15	3.81	3.85	4.08	3.24	3.63	3.85	3.22	3.11	3.33	2.97	2.46	2.54	2.43
Price/Book Value High	6.37	4.82	4.95	4.3	4.61	3.62	4.18	4.36	3.73	4.01	3.91	3.84	2.88	2.81	2.89
Price/Book Value Low	4.11	3.36	3.02	3.31	3.33	2.62	2.85	3.1	2.84	2.02	2.9	2.14	2.13	2.2	2.05
Price/Tangible Book Value	5.46	4.89	5.45	7.5	6.21	4.75	6.01	5.45	5.64	9.06	9.07	5.32	6.26	6.64	6.23
Price/Tangible Book Value Average	6.08	4.52	4.21	6.81	6.3	4.82	5.55	6.48	5.91	7.07	7.75	6.73	5.43	6.26	5.61
Price/Tangible Book Value High	7.06	5.25	5.47	7.61	7.12	5.37	6.38	7.33	6.85	9.14	9.09	8.69	6.36	6.91	6.69
Price/Tangible Book Value Low	4.56	3.65	3.34	5.86	5.14	3.89	4.35	5.22	5.21	4.59	6.74	4.85	4.69	5.42	4.74
Price/Sales	3.18	2.97	3.4	3.19	3	2.54	2.86	2.31	2.06	2.64	2.54	1.51	1.97	1.97	1.95
Price/Sales Average	3.54	2.74	2.63	2.89	3.05	2.57	2.64	2.75	2.16	2.06	2.17	1.91	1.71	1.86	1.76
Price/Sales High	4.12	3.18	3.42	3.23	3.44	2.87	3.04	3.11	2.5	2.66	2.54	2.47	2	2.05	2.09
Price/Sales Low	2.66	2.21	2.09	2.49	2.49	2.08	2.07	2.22	1.9	1.34	1.88	1.38	1.47	1.61	1.49
Price/Cash Flow	22.26	18.58	21.14	22.22	17.05	20.81	17.6	14.39	13.82	13.31	18.81	11.46	16.34	18.33	14.28
Price/Cash Flow Average	24.78	17.18	16.32	20.17	17.32	21.11	16.24	17.13	14.48	10.39	16.07	14.48	14.17	17.3	12.87
Price/Cash Flow High	28.78	19.92	21.22	22.54	19.56	23.55	18.68	19.37	16.78	13.43	18.85	18.71	16.59	19.08	15.34
Price/Cash Flow Low	18.59	13.87	12.95	17.37	14.12	17.04	12.72	13.8	12.77	6.74	13.98	10.43	12.24	14.98	10.88
Price/Free Cash Flow Average	37.82	24.4	20.19	23.73	19.93	25.94	18.48	20.11	17.21	11.84	18.13	16.66	16.41	20.15	14.33
Price/Free Cash Flow High	43.92	28.29	26.24	26.51	22.5	28.94	21.25	22.74	19.94	15.3	21.26	21.53	19.21	22.23	17.07
Price/Free Cash Flow Low	28.36	19.7	16.01	20.43	16.24	20.95	14.47	16.2	15.17	7.68	15.77	12	14.17	17.45	12.11
EV/Sales Average	3.14	2.36	2.22	2.69	2.76	2.26	2.33	2.5	2.01	1.96	2.1	1.83	1.61	1.82	1.69
EV/Sales High	3.72	2.79	3.01	3.03	3.15	2.56	2.73	2.85	2.35	2.55	2.47	2.38	1.9	2.01	2.02
EV/Sales Low	2.26	1.83	1.67	2.29	2.19	1.76	1.77	1.97	1.76	1.25	1.82	1.3	1.38	1.57	1.42
EV/EBITDA Average	15.27	11.4	10.57	13.2	13.84	11.43	11.83	12.2	11.33	12.23	11.43	10.06	9.63	10.45	9.05
EV/EBITDA High	18.04	13.52	14.34	14.87	15.82	12.93	13.81	13.94	13.22	15.91	13.46	13.07	11.35	11.56	10.82
EV/EBITDA Low	10.97	8.84	7.97	11.23	11	8.92	8.95	9.61	9.92	7.81	9.9	7.17	8.26	9.03	7.62
EV/EBIT Average	16.93	12.71	11.7	14.66	15.97	13.32	13.94	14.37	13.76	15.46	13.75	11.99	11.62	12.41	10.52
EV/EBIT High	20.01	15.07	15.88	16.51	18.25	15.08	16.28	16.42	16.05	20.12	16.2	15.58	13.69	13.72	12.58
EV/EBIT Low	12.17	9.86	8.82	12.47	12.7	10.39	10.55	11.31	12.04	9.87	11.92	8.54	9.97	10.72	8.86
Last Price	32.12	36.15	49.83	53.83	61.22	56.39	71.44	64.11	61.78	81.34	89.04	56.8	75.38	78.5	84.37
High Price	41.53	38.76	50.01	54.59	70.22	63.81	75.81	86.25	75.03	82.06	89.23	92.74	76.57	81.73	90.61
Enterprise Value Average	19,246	17,306	19,638	27,635	34,214	30,488	34,581	40,252	33,746	32,688	38,867	35,573	31,249	35,901	35,660
Enterprise Value High	22,744	20,520	26,648	31,128	39,098	34,508	40,390	46,002	39,375	42,525	45,767	46,238	36,809	39,691	42,638
Enterprise Value Low	13,826	13,425	14,805	23,501	27,204	23,794	26,172	31,692	29,546	20,869	33,673	25,349	26,803	30,999	30,021

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	606	603	608	609	609	608	588	577	548	530	525	509	498	495	479
Diluted Weighted Avg Shares	621	612	610	612	613	610	595	584	560	541	528	519	505	497	489
Basic Weighted Avg Shares	607	603	604	608	609	607	593	582	559	540	527	518	505	496	488
Revenue per Share	10.09	12.19	14.64	16.88	20.38	22.22	24.97	27.71	30.02	30.84	35.12	37.51	38.32	39.79	43.25
EBITDA per Share	2.08	2.52	3.08	3.44	4.06	4.4	4.93	5.67	5.33	4.95	6.45	6.83	6.42	6.92	8.07
Operating Income per Share	1.87	2.26	2.78	3.1	3.52	3.77	4.31	4.85	4.78	4.31	5.36	5.73	5.78	6.1	6.82
Basic EPS, GAAP	1.46	1.74	2.03	2.37	2.67	2.56	2.54	3.61	3.3	2.58	4.06	4.42	4.21	4.52	4.57
Basic EPS from Cont Ops	1.46	1.74	2.03	2.37	2.67	2.56	2.54	3.61	3.3	2.58	4.06	4.42	4.21	4.52	4.57
Diluted EPS, GAAP	1.42	1.72	2.02	2.35	2.65	2.55	2.53	3.6	3.29	2.57	4.05	4.41	4.21	4.51	4.56
Diluted EPS from Cont Ops	1.42	1.72	2.02	2.35	2.65	2.55	2.53	3.6	3.29	2.57	4.05	4.41	4.21	4.51	4.56
Dividend per Share	- -	- -	- -	- -	- -	- -	0.45	0.8	0.81	0.89	0.97	1.09	1.17	1.21	1.25
Cash Flow per Share	1.44	1.95	2.36	2.42	3.59	2.71	4.06	4.45	4.47	6.11	4.73	4.96	4.61	4.28	5.91
Free Cash Flow per Basic Share	0.97	1.39	1.92	2.07	3.14	2.22	3.58	3.81	3.77	5.37	4.2	4.32	3.99	3.68	5.32
Cash & Equivalents per Share	4.01	4.75	6.17	6.19	8.13	8.5	8.6	7.82	6.25	5.14	5.18	4.91	5.29	4.53	4
Book Value per Share	6.52	8.05	10.1	12.7	15.23	17.64	18.14	19.8	20.11	20.45	22.84	24.18	26.56	29.11	31.35
Tangible Book Value per Share	5.88	7.39	9.15	7.18	9.87	11.88	11.88	11.77	10.95	8.98	9.82	10.67	12.03	11.83	13.55