Norwegian Cruise Line Holdings Ltd. Financial Ratios — 1NC

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 (%)	7.08	8.75	4.4	11.04	11.7	15.22	14.77	16.3	14.91	-73.83	-132.81	-181.5	89.97	105.46	23.29
Return on Assets (%)	2.28	2.93	1.62	3.73	3.6	5.02	5.61	6.52	5.83	-22.87	-24.28	-12.18	0.87	4.61	1.99
Return on Capital (%)	6.4	7.24	6.58	- -	6.53	8.59	8.91	9.96	- -	- -	- -	- -	- -	- -	8.71
Return on Invested Capital (%)	6.35	7.19	6.6	- -	6.99	8.67	9	9.8	- -	- -	- -	- -	- -	- -	9.84
Gross Margin (%)	33.86	35.05	35.51	37.73	38.89	41.53	43.23	44.23	43.31	-32.28	-148.16	11.91	36.04	39.99	42.62
EBITDA Margin (%)	23.75	25.18	24.94	25.84	26.53	28.13	29.1	29.5	28.24	-214.43	-276.82	-15.31	21.22	25.73	27.71
Operating Margin (%)	14.24	15.69	15.4	16.09	16.17	18.99	19.44	20.13	18.23	-146.6	-393.89	-32.04	10.89	15.46	15.88
Incremental Operating Margin (%)	41.27	72	13.19	19.27	16.37	42.13	23.64	25.84	- -	58.94	106.98	23.85	66.99	57.54	27.29
Pretax Margin (%)	5.79	7.44	4.46	10.89	9.99	13.14	14.28	16.01	14.1	-312.53	-694.66	-47	1.91	8.15	4.36
Profit Margin (%)	5.72	7.4	3.96	10.82	9.83	12.99	14.08	15.77	14.39	-313.5	-695.48	-46.86	1.94	9.6	4.31
Net Income to Common Margin (%)	5.72	7.4	3.96	10.82	9.83	12.99	14.08	15.77	14.39	-313.5	-695.48	-46.86	1.94	9.6	4.31
Effective Tax Rate (%)	1.32	0.42	10.29	- -	1.56	1.13	1.39	1.49	- -	- -	- -	- -	- -	- -	1.28
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	7.08	8.75	4.4	11.04	11.7	15.22	14.77	16.3	14.91	-73.83	-132.81	-181.5	89.97	105.46	23.29

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	3,038	2,985	3,128	6,080	6,398	6,399	6,308	6,492	6,802	11,806	12,447	13,622	14,059	13,100	14,606
ST Debt	201	221	287	577	630	560	619	681	746	125	877	991	1,745	1,324	876
LT Debt	2,837	2,764	2,841	5,503	5,768	5,838	5,688	5,811	6,055	11,681	11,570	12,630	12,314	11,777	13,730
Total Debt/EBITDA	5.76	5.21	4.88	7.53	5.55	4.67	4.02	3.63	3.73	-4.3	-6.94	-18.37	7.75	5.37	5.36
Net Debt/EBITDA	5.65	5.13	4.79	7.42	5.45	4.57	3.9	3.54	3.59	-3.1	-6.1	-17.09	7.53	5.29	5.29
Total Debt/EBIT	9.61	8.36	7.9	12.09	9.11	6.91	6.01	5.33	5.77	-3.39	-4.88	-8.78	15.1	8.94	9.36
Net Debt/EBIT	9.42	8.23	7.76	11.92	8.94	6.78	5.85	5.19	5.56	-2.44	-4.29	-8.17	14.67	8.81	9.22
EBITDA to Interest Expense	2.77	3.02	2.27	5.32	5.2	4.95	5.86	6.61	7.98	-5.69	-0.87	-0.93	2.49	3.26	2.86
EBITDA-CapEx/Interest Expense	1.8	1.42	-0.84	-1.03	0.14	1.01	0.74	0.81	0.82	-7.65	-1.23	-3.15	-1.29	1.64	-0.56
EBIT to Interest Expense	1.66	1.88	1.4	3.31	3.17	3.34	3.92	4.51	5.15	-3.89	-1.23	-1.94	1.28	1.96	1.64
Interest Expense	190	190	283	152	222	277	268	270	229	482	2,073	802	728	747	954
Common Equity/Total Assets	33.16	33.85	39.23	30.68	30.83	34.98	40.79	39.21	39.05	23.66	12.99	0.37	1.54	7.14	9.8
Long-Term Debt/Equity (%)	153.84	136.92	107.98	156.39	152.55	128.67	98.93	97.45	92.94	268.28	475.6	18,414.08	4,093.7	826.18	621.31
Long-Term Debt/Capital (%)	58.12	55.24	49.33	57.33	56.67	53.39	47.18	46.65	45.47	72.28	77.76	92.26	85.75	81.07	81.65
Long-Term Debt/Total Assets (%)	51.01	46.55	42.72	47.98	47.03	45	40.36	38.21	36.29	63.49	61.77	68.06	63.17	58.97	60.91
Total Debt/Equity (%)	164.71	147.88	118.87	172.79	169.21	141.01	109.7	108.87	104.39	271.15	511.65	19,859.06	4,673.74	919.05	660.95
Total Debt/Capital (%)	62.22	59.66	54.31	63.34	62.85	58.51	52.31	52.12	51.07	73.06	83.65	99.5	97.91	90.19	86.86
Total Debt/Total Assets (%)	54.62	50.27	47.03	53.01	52.16	49.32	44.75	42.69	40.77	64.17	66.45	73.4	72.12	65.6	64.8
Net Debt to Equity	161.52	145.62	116.72	170.38	166.14	138.18	106.64	106.13	100.51	195.35	449.71	18,478.43	4,539.96	905.67	651.45
Net Debt/Capital (%)	61.76	59.29	53.86	63.01	62.43	58.02	51.61	51.49	50.13	66.14	81.81	99.46	97.84	90.06	86.69
EBITDA	527	573	641	808	1,153	1,371	1,570	1,786	1,825	-2,745	-1,794	-742	1,814	2,439	2,723
EBITDA-CapEx	342	269	-236	-157	30	279	198	219	188	-3,691	-2,547	-2,526	-936	1,228	-537
Operating Income (Loss)	316	357	396	503	702	925	1,049	1,219	1,178	-1,876	-2,552	-1,552	931	1,466	1,561

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	0.07	0.05	0.05	0.04	0.05	0.06	0.07	0.05	0.07	1.72	0.47	0.19	0.07	0.03	0.04
Current Ratio	0.19	0.17	0.17	0.14	0.14	0.18	0.21	0.17	0.2	1.86	0.89	0.37	0.22	0.17	0.21
Quick Ratio	0.08	0.06	0.07	0.06	0.07	0.08	0.09	0.07	0.09	1.74	0.78	0.25	0.11	0.07	0.09
CFO/Avg Current Liab	0.49	0.45	0.47	0.4	0.47	0.54	0.67	0.74	0.54	-0.93	-0.87	0.05	0.36	0.35	0.37
Common Equity/Total Assets	33.16	33.85	39.23	30.68	30.83	34.98	40.79	39.21	39.05	23.66	12.99	0.37	1.54	7.14	9.8
Long-Term Debt/Equity (%)	153.84	136.92	107.98	156.39	152.55	128.67	98.93	97.45	92.94	268.28	475.6	18,414.08	4,093.7	826.18	621.31
Long-Term Debt/Capital (%)	58.12	55.24	49.33	57.33	56.67	53.39	47.18	46.65	45.47	72.28	77.76	92.26	85.75	81.07	81.65
Long-Term Debt/Total Assets (%)	51.01	46.55	42.72	47.98	47.03	45	40.36	38.21	36.29	63.49	61.77	68.06	63.17	58.97	60.91
Total Debt/Equity (%)	164.71	147.88	118.87	172.79	169.21	141.01	109.7	108.87	104.39	271.15	511.65	19,859.06	4,673.74	919.05	660.95
Total Debt/Capital (%)	62.22	59.66	54.31	63.34	62.85	58.51	52.31	52.12	51.07	73.06	83.65	99.5	97.91	90.19	86.86
Total Debt/Total Assets (%)	54.62	50.27	47.03	53.01	52.16	49.32	44.75	42.69	40.77	64.17	66.45	73.4	72.12	65.6	64.8
CFO/Total Liabilities	9.6	10.17	11.82	7.99	12.28	14.98	19.19	22.45	17.92	-18.2	-15.14	1.14	10.45	11.05	10.28
CFO/CapEx	1.93	1.31	0.54	0.66	0.93	1.16	1.17	1.32	1.11	-2.7	-3.28	0.12	0.73	1.69	0.64
Altman's Z-Score	- -	- -	1.5	1.13	1.46	1.37	1.67	1.43	1.59	0.16	-0.5	-0.61	0.07	0.37	0.39

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	276.76	196.05	154.27	123.33	112.23	90.09	100.7	122.07	99.15	26.75	1.09	6.49	28.19	37.79	38.31
Days Sales Outstanding	1.32	1.86	2.37	2.96	3.25	4.05	3.62	2.99	3.68	13.64	334.6	56.28	12.95	9.66	9.53
Inventory Turnover	42.55	38.95	39.75	38.83	46.29	45.81	41.3	39.19	39.47	19.04	16.03	31.97	35.7	37.02	39.17
Days Inventory Outstanding	8.58	9.37	9.18	9.4	7.88	7.97	8.84	9.31	9.25	19.17	22.76	11.42	10.22	9.86	9.32
Accounts Payable Turnover	20.33	18.59	20.03	20.76	36.04	68.47	67.36	31.79	28.18	18.27	10.39	18.61	27.18	32.89	33.03
Accounts Payable Turnover Days	17.95	19.64	18.22	17.58	10.13	5.33	5.42	11.48	12.95	19.98	35.12	19.62	13.43	11.1	11.05
Cash Conversion Cycle	-8.05	-8.4	-6.67	-5.22	1.01	6.69	7.04	0.82	-0.02	12.83	322.25	48.08	9.74	8.42	7.79
Inventory to Cash Days	-7.26	-7.51	-6.82	-6.44	-4.63	-3.92	-5.21	-6.32	-5.57	-5.52	311.84	44.86	2.72	-0.2	0.21
Inventories	36	40	44	57	58	66	82	90	95	82	118	149	158	150	138
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	36	40	44	57	58	66	82	90	95	82	118	149	158	150	138

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	- -	- -	7,257	10,906	13,445	9,601	12,426	9,015	12,627	8,056	8,969	5,252	8,632	11,132	10,203
- Cash & Cash Equivalents	59	46	56	85	116	128	176	164	253	3,300	1,507	947	402	191	210
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	8	22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	3,038	2,985	3,128	6,080	6,398	6,399	6,308	6,492	6,802	11,806	12,447	13,622	14,059	13,100	14,606
Enterprise Value	- -	- -	10,351	16,901	19,727	15,871	18,558	15,344	19,176	16,562	19,669	17,926	22,288	24,041	24,599
Total Capital	4,883	5,004	5,759	9,599	10,178	10,936	12,058	12,455	13,317	16,160	14,879	13,690	14,360	14,526	16,816
Total Debt/Capital (%)	62.22	59.66	54.31	63.34	62.85	58.51	52.31	52.12	51.07	73.06	83.65	99.5	97.91	90.19	86.86
Total Debt / EV	- -	- -	0.3	0.36	0.32	0.4	0.34	0.42	0.35	0.71	0.63	0.76	0.63	0.54	0.59
EV/Sales	- -	- -	4.03	5.41	4.54	3.26	3.44	2.53	2.97	12.94	30.35	3.7	2.61	2.54	2.5
EV/EBITDA	- -	- -	16.15	20.92	17.11	11.58	11.82	8.59	10.51	- -	- -	- -	12.29	9.86	9.03
EV/EBIT	- -	- -	26.15	33.6	28.08	17.15	17.69	12.59	16.28	- -	- -	- -	23.94	16.4	15.76
EV/Cash Flow to Firm	- -	- -	14.2	- -	15.65	10.32	9.95	6.55	- -	- -	- -	- -	- -	- -	8.12
EV/Free Cash Flow to Firm	- -	- -	- -	- -	143.06	35.61	37.63	19.8	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	7,402	10,158	13,577	9,626	12,474	9,296	12,828	6,501	7,862	5,231	8,669	13,034	10,707
Diluted Enterprise Value	- -	- -	10,495	16,153	19,858	15,897	18,606	15,624	19,377	15,007	18,562	17,906	22,326	25,944	25,103
EV per Share	- -	- -	50.45	74.25	86.59	69.84	81.2	70.5	89.99	52.47	47.18	42.54	52.38	54.66	54.03
TTM Sales	2,219	2,276	2,570	3,126	4,345	4,874	5,396	6,055	6,462	1,280	648	4,844	8,550	9,480	9,828
TTM EBITDA	527	573	641	808	1,153	1,371	1,570	1,786	1,825	-2,745	-1,794	-742	1,814	2,439	2,723
TTM Operating Income	316	357	396	503	702	925	1,049	1,219	1,178	-1,876	-2,552	-1,552	931	1,466	1,561
TTM Cash Flow to Firm	545	588	729	- -	1,261	1,538	1,865	2,342	- -	- -	- -	- -	- -	- -	3,031
TTM Free Cash Flow to Firm	360	284	-148	- -	138	446	493	775	- -	- -	- -	- -	- -	- -	-229

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	- -	- -	-18.41	-30.87	-168.54	55.97	54.47	18.29	69.18	-1.86	-2.44	-3.32	-11.64	15.54	-9.15
EV/EBIT	- -	- -	26.15	33.6	28.08	17.15	17.69	12.59	16.28	- -	- -	- -	23.94	16.4	15.76
Enterprise Value	- -	- -	10,351	16,901	19,727	15,871	18,558	15,344	19,176	16,562	19,669	17,926	22,288	24,041	24,599
Low Price	- -	- -	26.21	29.58	42.84	33.76	42.35	40.88	41.06	7.38	17.87	10.34	11.81	14.66	14.19
EV/Sales	- -	- -	4.03	5.41	4.54	3.26	3.44	2.53	2.97	12.94	30.35	3.7	2.61	2.54	2.5
EV/EBITDA	- -	- -	16.15	20.92	17.11	11.58	11.82	8.59	10.51	- -	- -	- -	12.29	9.86	9.03
Price/Earnings	- -	- -	70.6	29.24	31.31	15.16	16.32	9.67	13.69	- -	- -	- -	51.81	12.1	23.75
Price/Earnings Average	- -	- -	61.95	21.32	29.01	15.58	15.96	12.28	12.14	- -	- -	- -	41.4	9.43	23.22
Price/Earnings High	- -	- -	70.6	29.24	34.2	20.89	17.72	28.89	13.74	- -	- -	- -	58.2	13.74	30.95
Price/Earnings Low	- -	- -	52.32	18.06	22.72	12.11	12.71	9.55	9.49	- -	- -	- -	30.17	7.01	15.04
Price/Book Value	- -	- -	2.78	3.1	3.56	2.12	2.16	1.51	1.94	1.85	3.69	76.56	28.7	7.81	4.62
Price/Book Value Average	- -	- -	2.44	2.26	3.29	2.17	2.11	1.92	1.72	1.67	4.54	100.1	22.93	6.09	4.51
Price/Book Value High	- -	- -	2.78	3.1	3.88	2.92	2.35	4.52	1.94	4.32	5.89	146.35	32.24	8.86	6.02
Price/Book Value Low	- -	- -	2.06	1.91	2.58	1.69	1.68	1.49	1.34	0.54	3.06	63.5	16.71	4.52	2.92
Price/Tangible Book Value	- -	- -	3.63	9.65	9.19	4.28	3.56	2.42	2.94	2.15	4.89	-9.91	-28.98	14.11	6.48
Price/Tangible Book Value Average	- -	- -	3.19	7.03	8.52	4.4	3.48	3.07	2.6	1.94	6.03	-12.95	-23.16	10.99	6.34
Price/Tangible Book Value High	- -	- -	3.63	9.65	10.04	5.91	3.87	7.22	2.95	5.01	7.81	-18.94	-32.56	16.01	8.45
Price/Tangible Book Value Low	- -	- -	2.69	5.96	6.67	3.42	2.77	2.39	2.04	0.62	4.06	-8.22	-16.88	8.17	4.11
Price/Sales	- -	- -	2.79	3.17	3.08	1.97	2.3	1.53	1.97	5.08	12.13	1.08	1.01	1.16	1.02
Price/Sales Average	- -	- -	2.45	2.31	2.85	2.02	2.25	1.94	1.75	4.59	14.96	1.41	0.8	0.91	1
Price/Sales High	- -	- -	2.79	3.17	3.36	2.71	2.5	4.56	1.98	11.87	19.37	2.06	1.13	1.32	1.33
Price/Sales Low	- -	- -	2.07	1.95	2.23	1.57	1.79	1.51	1.37	1.47	10.08	0.9	0.59	0.67	0.65
Price/Cash Flow	- -	- -	15.11	15.57	12.83	7.59	7.74	4.45	6.99	-2.54	-3.19	24.91	4.29	5.37	4.81
Price/Cash Flow Average	- -	- -	13.26	11.35	11.89	7.8	7.57	5.65	6.2	-2.3	-3.93	32.57	3.43	4.19	4.7
Price/Cash Flow High	- -	- -	15.11	15.57	14.02	10.46	8.41	13.29	7.01	-5.94	-5.09	47.61	4.82	6.1	6.27
Price/Cash Flow Low	- -	- -	11.2	9.61	9.31	6.07	6.03	4.39	4.84	-0.74	-2.65	20.66	2.5	3.11	3.05
Price/Free Cash Flow Average	- -	- -	-16.16	-22.5	-156.14	57.51	53.26	23.22	61.34	-1.68	-3.01	-4.35	-9.3	12.11	-8.95
Price/Free Cash Flow High	- -	- -	-18.41	-30.87	-184.11	77.16	59.16	54.61	69.42	-4.34	-3.9	-6.35	-13.08	17.64	-11.93
Price/Free Cash Flow Low	- -	- -	-13.64	-19.06	-122.33	44.72	42.42	18.05	47.93	-0.54	-2.03	-2.76	-6.78	9	-5.8
EV/Sales Average	- -	- -	3.68	4.46	4.31	3.31	3.39	2.94	2.75	12.34	33.57	4.03	2.4	2.28	2.48
EV/Sales High	- -	- -	4.03	5.41	4.83	4	3.64	5.49	2.97	21.35	38.61	4.69	2.73	2.69	2.82
EV/Sales Low	- -	- -	3.3	4.07	3.69	2.86	2.93	2.51	2.37	8.47	28.01	3.52	2.19	2.04	2.12
EV/EBITDA Average	- -	- -	14.76	17.26	16.25	11.77	11.64	9.95	9.72	- -	- -	- -	11.33	8.85	8.95
EV/EBITDA High	- -	- -	16.15	20.92	18.19	14.23	12.5	18.62	10.53	- -	- -	- -	12.87	10.47	10.17
EV/EBITDA Low	- -	- -	13.22	15.76	13.91	10.17	10.07	8.52	8.38	- -	- -	- -	10.3	7.94	7.66
EV/EBIT Average	- -	- -	23.9	27.73	26.67	17.44	17.43	14.58	15.06	- -	- -	- -	22.08	14.72	15.61
EV/EBIT High	- -	- -	26.15	33.6	29.85	21.08	18.71	27.28	16.31	- -	- -	- -	25.09	17.43	17.74
EV/EBIT Low	- -	- -	21.4	25.31	22.83	15.06	15.07	12.49	12.99	- -	- -	- -	20.07	13.21	13.36
Last Price	- -	- -	35.37	47.91	59.02	42.25	54.37	41.42	59.26	25.52	21.51	12.46	20.28	25.31	22.41
High Price	- -	- -	35.37	47.91	64.47	58.24	59.06	123.72	59.46	59.64	34.35	23.82	22.79	28.73	29.2
Enterprise Value Average	- -	- -	9,462	13,944	18,738	16,136	18,283	17,777	17,746	15,788	21,755	19,541	20,555	21,584	24,370
Enterprise Value High	- -	- -	10,351	16,901	20,969	19,506	19,628	33,255	19,220	27,330	25,018	22,713	23,354	25,545	27,690
Enterprise Value Low	- -	- -	8,472	12,729	16,040	13,942	15,809	15,226	15,298	10,836	18,151	17,030	18,683	19,358	20,857

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	200	200	205	228	228	227	229	218	213	316	417	421	426	440	455
Diluted Weighted Avg Shares	203	200	209	212	230	228	229	224	216	255	365	420	427	515	478
Basic Weighted Avg Shares	200	200	203	207	227	227	228	223	215	255	365	420	424	435	449
Revenue per Share	11.07	11.35	12.66	15.14	19.18	21.46	23.66	27.15	30.07	5.02	1.77	11.54	20.14	21.78	21.91
EBITDA per Share	2.63	2.86	3.16	3.91	5.09	6.04	6.89	8.01	8.49	-10.77	-4.91	-1.77	4.27	5.6	6.07
Operating Income per Share	1.58	1.78	1.95	2.44	3.1	4.07	4.6	5.47	5.48	-7.37	-6.98	-3.7	2.19	3.37	3.48
Basic EPS, GAAP	0.63	0.84	0.5	1.64	1.89	2.79	3.33	4.28	4.33	-15.75	-12.33	-5.41	0.39	2.09	0.94
Basic EPS from Cont Ops	0.63	0.84	0.51	1.66	1.89	2.79	3.33	4.28	4.33	-15.75	-12.33	-5.41	0.39	2.09	0.94
Diluted EPS, GAAP	0.62	0.84	0.49	1.6	1.86	2.78	3.31	4.25	4.3	-15.75	-12.33	-5.41	0.39	1.77	0.89
Diluted EPS from Cont Ops	0.62	0.84	0.49	1.62	1.86	2.78	3.31	4.25	4.3	-15.75	-12.33	-5.41	0.39	1.77	0.89
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.78	1.99	2.34	3.08	4.6	5.57	7.02	9.31	8.48	-10.04	-6.75	0.5	4.73	4.71	4.66
Free Cash Flow per Basic Share	0.86	0.47	-1.98	-1.59	-0.36	0.76	1	2.28	0.86	-13.75	-8.81	-3.75	-1.75	1.93	-2.61
Cash & Equivalents per Share	0.29	0.23	0.28	0.37	0.51	0.56	0.77	0.75	1.19	10.46	4.19	2.25	0.95	0.43	0.46
Book Value per Share	9.2	10.03	12.72	15.46	16.6	19.97	25.16	27.4	30.58	13.79	5.84	0.16	0.71	3.24	4.85
Tangible Book Value per Share	6.19	6.98	9.74	4.97	6.42	9.86	15.26	17.13	20.17	11.9	4.4	-1.26	-0.7	1.79	3.46