Automatic Data Processing, Inc. Financial Ratios — ADP Stock

Profitability (USD)

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Return on Common Equity (%)	22.9	22.85	23.58	25.31	32.13	42.27	43.27	45.24	44.23	45.5	66.3	101.33	93.14	76	72.24
Return on Assets (%)	4.27	4.46	4.71	4.46	3.89	4.42	4.96	5.68	6.09	5.91	5.27	5.98	7.12	7.57	7.57
Return on Capital (%)	22.89	22.44	19.86	21.31	27.06	29.55	30.98	33.22	32.34	30.89	38.27	52.76	53.01	37.69	35.9
Return on Invested Capital (%)	21.49	16.96	15.71	19.64	26.44	28.07	33.24	31.97	30.76	30.06	37.4	50.77	50.43	35.52	33.49
Gross Margin (%)	41.45	40.96	40.93	41.24	41.37	41.44	41.56	43.15	42.12	42.42	42.65	44.74	45.44	46.03	46.42
EBITDA Margin (%)	21.86	19.87	20.36	20.97	21.62	23.24	22.12	24.28	24.66	25.49	26.08	28.06	28.78	29.18	29
Operating Margin (%)	18.3	17.66	17.75	18.41	18.77	19.02	19.27	21.43	21.53	22.16	23.05	25.02	25.76	26.32	26.33
Incremental Operating Margin (%)	16.87	23.5	18.82	27.93	24.2	23.18	22.58	55.86	24.46	44.01	32.06	46.52	36.93	34.23	26.48
Pretax Margin (%)	19.84	18.11	18.38	18.93	19.15	21.15	17.2	21.3	21.81	22.4	23.06	24.64	25.37	25.83	26.11
Profit Margin (%)	13.1	14.89	14.82	13.28	12.79	14.45	14.2	16.25	16.91	17.32	17.87	18.94	19.54	19.84	20.11
Net Income to Common Margin (%)	13.1	14.89	14.82	13.28	12.79	14.45	14.2	16.25	16.91	17.32	17.87	18.94	19.54	19.84	20.11
Effective Tax Rate (%)	34.57	34.38	33.88	33.52	33.17	31.68	17.42	23.72	22.5	22.69	22.48	23.11	22.99	23.17	22.98
Dvd Payout Ratio (%)	53.79	71.78	71.07	67.39	63.18	55.67	56.43	56.39	59.62	60.63	56.26	55.79	58.18	58.8	59.51
Sustainable Growth Rate (%)	10.58	6.45	6.82	8.25	11.83	18.74	18.85	19.73	17.86	17.91	29	44.8	38.95	31.31	29.25

Credit (USD)

Credit Ratios API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Total Debt	17	261	2,185	9	2,008	2,002	2,002	2,264	2,349	3,352	3,494	3,444	3,705	9,065	5,271
ST Debt	- -	246	2,173	- -	- -	- -	- -	262	1,002	24	136	105	385	4,770	- -
LT Debt	17	15	12	9	2,008	2,002	2,002	2,002	1,347	3,328	3,358	3,339	3,320	4,296	5,271
Total Debt/EBITDA	0.01	0.14	1.05	- -	0.8	0.7	0.68	0.66	0.65	0.88	0.81	0.68	0.67	1.51	0.83
Net Debt/EBITDA	-0.66	-0.77	0.29	-0.71	-0.47	-0.27	-0.06	0.09	0.03	0.11	0.39	0.2	0.08	0.9	0.12
Total Debt/EBIT	0.01	0.16	1.2	- -	0.9	0.78	0.78	0.75	0.75	1.01	0.92	0.76	0.75	1.67	0.91
Net Debt/EBIT	-0.77	-0.89	0.33	-0.81	-0.53	-0.3	-0.07	0.1	0.03	0.13	0.45	0.22	0.09	1	0.13
EBITDA to Interest Expense	300.77	206.15	341.26	352.82	44.88	35.94	28.59	26.37	33.59	64.07	52.54	19.95	15.29	13.16	13.86
EBITDA-CapEx/Interest Expense	286.55	194.63	317.72	325.63	41.01	33.06	26.01	23.26	29.45	58.59	47.91	18.51	14.31	12.33	12.84
EBIT to Interest Expense	251.77	183.24	297.56	309.85	38.98	29.42	24.9	23.28	29.33	55.69	46.44	17.79	13.69	11.87	12.58
Interest Expense	8	9	6	7	56	80	103	130	107	60	82	253	361	456	459
Common Equity/Total Assets	19.84	19.18	20.81	14.52	10.26	10.7	12.19	12.89	14.69	11.63	5.11	6.88	8.37	11.59	9.54
Long-Term Debt/Equity (%)	0.27	0.24	0.17	0.19	44.8	50.35	42.28	37.08	23.42	58.7	104.11	95.15	73	69.42	87.39
Long-Term Debt/Capital (%)	0.27	0.23	0.13	0.19	30.94	33.49	29.72	26.12	16.63	36.89	49.97	48.02	40.23	28.16	46.64
Long-Term Debt/Total Assets (%)	0.05	0.05	0.04	0.03	4.6	5.39	5.15	4.78	3.44	6.82	5.32	6.55	6.11	8.05	8.34
Total Debt/Equity (%)	0.27	4.21	32.75	0.19	44.8	50.35	42.28	41.93	40.84	59.11	108.34	98.15	81.48	146.5	87.39
Total Debt/Capital (%)	0.27	4.04	24.67	0.19	30.94	33.49	29.72	29.54	29	37.15	52	49.53	44.9	59.43	46.64
Total Debt/Total Assets (%)	0.05	0.81	6.81	0.03	4.6	5.39	5.15	5.41	6	6.87	5.54	6.76	6.82	16.99	8.34
Net Debt to Equity	-25.05	-23.24	9	-33.9	-26.41	-19.56	-3.54	5.83	1.67	7.64	52.31	28.81	10.19	87.21	12.17
Net Debt/Capital (%)	-33.41	-30.28	8.26	-51.29	-35.88	-24.32	-3.67	5.51	1.55	6.72	31.93	20.76	8.68	45.33	10.38
EBITDA	2,316	1,876	2,082	2,293	2,522	2,875	2,936	3,425	3,598	3,825	4,303	5,055	5,526	5,999	6,365
EBITDA-CapEx	2,206	1,771	1,938	2,117	2,305	2,645	2,671	3,021	3,154	3,498	3,924	4,689	5,171	5,621	5,896
Operating Income (Loss)	1,939	1,668	1,815	2,014	2,191	2,354	2,557	3,024	3,142	3,325	3,803	4,507	4,947	5,412	5,779

Liquidity (USD)

Liquidity Ratios API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Cash Ratio	0.07	0.07	0.15	0.06	0.09	0.09	0.07	0.06	0.06	0.07	0.03	0.05	0.07	0.19	0.08
Current Ratio	1.09	1.06	1.14	1.06	1.1	1.1	1.05	1.05	1.05	1.07	0.99	0.99	1.01	1.05	1.05
Quick Ratio	0.13	0.13	0.21	0.12	0.14	0.15	0.14	0.13	0.14	0.14	0.08	0.12	0.15	0.28	0.15
CFO/Avg Current Liab	0.08	0.07	0.07	0.08	0.06	0.06	0.08	0.09	0.1	0.09	0.07	0.09	0.09	0.11	0.12
Common Equity/Total Assets	19.84	19.18	20.81	14.52	10.26	10.7	12.19	12.89	14.69	11.63	5.11	6.88	8.37	11.59	9.54
Long-Term Debt/Equity (%)	0.27	0.24	0.17	0.19	44.8	50.35	42.28	37.08	23.42	58.7	104.11	95.15	73	69.42	87.39
Long-Term Debt/Capital (%)	0.27	0.23	0.13	0.19	30.94	33.49	29.72	26.12	16.63	36.89	49.97	48.02	40.23	28.16	46.64
Long-Term Debt/Total Assets (%)	0.05	0.05	0.04	0.03	4.6	5.39	5.15	4.78	3.44	6.82	5.32	6.55	6.11	8.05	8.34
Total Debt/Equity (%)	0.27	4.21	32.75	0.19	44.8	50.35	42.28	41.93	40.84	59.11	108.34	98.15	81.48	146.5	87.39
Total Debt/Capital (%)	0.27	4.04	24.67	0.19	30.94	33.49	29.72	29.54	29	37.15	52	49.53	44.9	59.43	46.64
Total Debt/Total Assets (%)	0.05	0.81	6.81	0.03	4.6	5.39	5.15	5.41	6	6.87	5.54	6.76	6.82	16.99	8.34
CFO/Total Liabilities	7.73	6.05	7.17	6.97	4.84	6.4	7.37	7.37	9.06	7.18	5.18	8.87	8.35	10.47	9.52
CFO/CapEx	17.44	15.04	12.68	11.17	8.72	9.23	9.5	6.65	6.82	9.45	8.18	11.52	11.71	13.06	11.61
Altman's Z-Score	2	1.98	2.23	2.04	1.65	2.09	2.35	2.49	2.61	2.41	1.85	2.48	2.54	3.16	2.34

Working Capital (USD)

Working Capital Ratios API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Accounts Receivable Turnover	8.14	6.67	6.98	7.39	7.09	7.18	7.2	6.38	5.98	5.81	5.59	5.83	5.97	5.87	6.18
Days Sales Outstanding	44.84	54.72	52.3	49.41	51.46	50.84	50.7	57.21	61.05	62.86	65.24	62.62	61.18	62.2	59.04
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

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Market Capitalization	26,221	33,103	38,245	37,568	40,526	45,244	59,726	71,194	63,389	83,634	87,965	90,693	97,553	125,101	89,149
- Cash & Cash Equivalents	1,548	1,699	1,584	1,639	3,191	2,780	2,170	1,949	1,909	2,575	1,436	2,084	2,913	3,348	4,230
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	17	261	2,185	9	2,008	2,002	2,002	2,264	2,349	3,352	3,494	3,444	3,705	9,065	5,271
Enterprise Value	24,659	31,636	36,813	35,912	39,319	44,466	59,558	71,498	63,829	84,411	89,976	92,040	97,961	126,320	90,190
Total Capital	6,131	6,451	8,855	4,818	6,489	5,979	6,738	7,664	8,101	9,022	6,720	6,953	8,253	15,253	11,302
Total Debt/Capital (%)	0.27	4.04	24.67	0.19	30.94	33.49	29.72	29.54	29	37.15	52	49.53	44.9	59.43	46.64
Total Debt / EV	- -	0.01	0.06	- -	0.05	0.05	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.07	0.06
EV/Sales	2.33	3.35	3.6	3.28	3.37	3.59	4.49	5.07	4.37	5.63	5.45	5.11	5.1	6.14	4.11
EV/EBITDA	10.65	16.86	17.68	15.66	15.59	15.47	20.29	20.87	17.74	22.07	20.91	18.21	17.73	21.06	14.17
EV/EBIT	12.35	19.47	20.28	17.82	17.6	17.38	23.28	23.7	20.47	25.47	23.75	20.43	19.73	23.32	15.61
EV/Cash Flow to Firm	12.88	19.98	20.17	18.15	20.32	20.39	22.91	25.65	20.53	26.89	28.45	20.91	22.08	23.88	15.56
EV/Free Cash Flow to Firm	13.66	21.4	21.89	19.93	22.89	22.8	25.5	30	23.95	30.02	32.32	22.8	24	25.72	16.93
Diluted Market Cap	26,654	33,411	38,476	38,325	40,828	45,783	60,338	71,751	63,802	84,503	89,022	91,486	98,533	126,150	90,382
Diluted Enterprise Value	25,092	31,945	37,044	36,669	39,621	45,005	60,171	72,056	64,242	85,279	91,033	92,832	98,941	127,369	91,423
EV per Share	50.93	65.55	76.66	77	86.28	99.92	135.73	164.67	148.47	199.22	216.24	223.34	240.04	311.67	226.72
TTM Sales	10,595	9,442	10,226	10,939	11,668	12,372	13,274	14,110	14,590	15,005	16,498	18,012	19,203	20,561	21,947
TTM EBITDA	2,316	1,876	2,082	2,293	2,522	2,875	2,936	3,425	3,598	3,825	4,303	5,055	5,526	5,999	6,365
TTM Operating Income	1,939	1,668	1,815	2,014	2,191	2,354	2,557	3,024	3,142	3,325	3,803	4,507	4,947	5,412	5,779
TTM Cash Flow to Firm	1,915	1,583	1,825	1,978	1,935	2,181	2,600	2,787	3,109	3,139	3,163	4,402	4,436	5,290	5,795
TTM Free Cash Flow to Firm	1,806	1,478	1,682	1,802	1,717	1,950	2,335	2,383	2,666	2,812	2,784	4,037	4,081	4,912	5,326

Multiples (USD)

Valuation Multiples API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Price/Free Cash Flow	14.8	22.69	22.93	21.32	24.31	24.15	26.81	31.42	24.71	30.55	32.72	23.81	25.91	27.66	18.18
EV/EBIT	12.35	19.47	20.28	17.82	17.6	17.38	23.28	23.7	20.47	25.47	23.75	20.43	19.73	23.32	15.61
Enterprise Value	24,659	31,636	36,813	35,912	39,319	44,466	59,558	71,498	63,829	84,411	89,976	92,040	97,961	126,320	90,190
Low Price	44.97	54.51	69.59	71.45	73.71	85.47	100.81	125.23	108.44	128.27	189.61	202.12	206.58	231.94	188.48
EV/Sales	2.33	3.35	3.6	3.28	3.37	3.59	4.49	5.07	4.37	5.63	5.45	5.11	5.1	6.14	4.11
EV/EBITDA	10.65	16.86	17.68	15.66	15.59	15.47	20.29	20.87	17.74	22.07	20.91	18.21	17.73	21.06	14.17
Price/Earnings	19.01	23.55	25.16	26.21	27.23	25.47	31.82	31.11	25.75	32.38	30.02	26.68	26.16	30.8	20.43
Price/Earnings Average	18.38	20.99	24.07	27.18	25.83	24.03	27.23	27.95	27.77	27.44	30.66	27.99	26.47	29.06	23.15
Price/Earnings High	20.06	24.72	25.64	29.32	27.84	26.52	32.77	32.25	31.7	32.76	35.37	32.41	28.21	33.03	28.71
Price/Earnings Low	15.78	18.72	21.99	23.25	22.57	21.41	23.57	23.76	18.94	21.04	26.93	24.51	22.61	23.14	17.18
Price/Book Value	4.29	5.35	5.73	7.81	9.04	11.38	12.61	13.18	11.02	14.75	27.27	25.85	21.45	20.22	14.78
Price/Book Value Average	4.15	4.77	5.49	8.1	8.58	10.74	10.79	11.85	11.88	12.5	27.86	27.11	21.71	19.07	16.75
Price/Book Value High	4.53	5.61	5.84	8.74	9.24	11.85	12.99	13.67	13.56	14.92	32.13	31.4	23.14	21.68	20.77
Price/Book Value Low	3.56	4.25	5.01	6.93	7.5	9.56	9.34	10.07	8.1	9.59	24.46	23.74	18.54	15.19	12.43
Price/Tangible Book Value	11.09	13.2	8.9	14.96	17.89	28	37.19	35.5	28.46	39.42	-215.44	-521.53	113.7	95.39	81.53
Price/Tangible Book Value Average	10.73	11.76	8.52	15.51	16.97	26.42	31.82	31.9	30.7	33.4	-220.04	-547.05	115.06	90	92.37
Price/Tangible Book Value High	11.71	13.85	9.07	16.73	18.29	29.16	38.31	36.8	35.03	39.88	-253.82	-633.53	122.63	102.29	114.56
Price/Tangible Book Value Low	9.21	10.49	7.78	13.27	14.83	23.54	27.54	27.11	20.93	25.62	-193.23	-478.98	98.26	71.68	68.57
Price/Sales	2.49	3.51	3.73	3.48	3.48	3.68	4.52	5.05	4.35	5.61	5.37	5.05	5.11	6.11	4.11
Price/Sales Average	2.41	3.12	3.57	3.61	3.3	3.47	3.87	4.54	4.7	4.75	5.48	5.3	5.17	5.77	4.65
Price/Sales High	2.63	3.68	3.8	3.89	3.56	3.83	4.65	5.24	5.36	5.67	6.32	6.14	5.51	6.55	5.77
Price/Sales Low	2.07	2.79	3.26	3.09	2.89	3.09	3.35	3.86	3.2	3.64	4.81	4.64	4.42	4.59	3.45
Price/Cash Flow	13.81	20.99	20.94	19.28	21.42	21.42	23.84	26.53	20.99	27.2	28.56	21.64	23.61	25.44	16.57
Price/Cash Flow Average	13.36	18.71	20.04	20	20.32	20.21	20.4	23.84	22.64	23.05	29.17	22.7	23.89	24	18.77
Price/Cash Flow High	14.58	22.03	21.34	21.57	21.9	22.3	24.56	27.5	25.84	27.52	33.65	26.29	25.46	27.28	23.28
Price/Cash Flow Low	11.47	16.68	18.3	17.11	17.76	18	17.66	20.26	15.44	17.68	25.62	19.87	20.4	19.11	13.94
Price/Free Cash Flow Average	14.31	20.22	21.94	22.12	23.05	22.79	22.94	28.23	26.64	25.88	33.42	24.98	26.22	26.09	20.59
Price/Free Cash Flow High	15.62	23.82	23.37	23.85	24.85	25.15	27.62	32.57	30.41	30.91	38.55	28.92	27.95	29.66	25.54
Price/Free Cash Flow Low	12.29	18.03	20.04	18.91	20.15	20.3	19.86	23.99	18.17	19.85	29.35	21.87	22.39	20.78	15.29
EV/Sales Average	2.25	2.97	3.44	3.41	3.19	3.39	3.84	4.56	4.72	4.77	5.57	5.36	5.16	5.8	4.65
EV/Sales High	2.46	3.52	3.67	3.69	3.45	3.74	4.62	5.25	5.38	5.69	6.4	6.19	5.5	6.58	5.76
EV/Sales Low	1.91	2.63	3.13	2.89	2.78	3.01	3.32	3.88	3.23	3.67	4.9	4.7	4.41	4.63	3.46
EV/EBITDA Average	10.27	14.94	16.89	16.27	14.76	14.58	17.35	18.76	19.12	18.73	21.35	19.09	17.94	19.88	16.03
EV/EBITDA High	11.28	17.74	18.03	17.6	15.95	16.11	20.9	21.64	21.81	22.32	24.55	22.06	19.11	22.56	19.85
EV/EBITDA Low	8.73	13.24	15.37	13.81	12.84	12.96	15.01	15.96	13.08	14.41	18.8	16.75	15.33	15.87	11.94
EV/EBIT Average	11.92	17.25	19.37	18.51	16.67	16.38	19.91	21.31	22.07	21.61	24.25	21.41	19.97	22.01	17.66
EV/EBIT High	13.08	20.48	20.68	20.03	18.01	18.11	23.98	24.57	25.17	25.76	27.89	24.75	21.28	24.99	21.86
EV/EBIT Low	10.12	15.29	17.62	15.71	14.5	14.56	17.23	18.13	15.09	16.63	21.36	18.79	17.06	17.58	13.15
Last Price	54.15	68.59	79.64	80.55	88.93	101.67	136.11	163.97	147.45	197.39	211.4	220.08	239.04	308.66	224.11
High Price	57.16	71.99	81.15	90.11	90.92	105.87	140.2	169.98	181.49	199.71	249.07	267.34	257.81	331	314.92
Enterprise Value Average	23,791	28,029	35,163	37,309	37,228	41,916	50,940	64,273	68,803	71,633	91,853	96,478	99,126	119,252	102,050
Enterprise Value High	26,113	33,275	37,536	40,369	40,224	46,333	61,352	74,110	78,462	85,393	105,647	111,518	105,622	135,374	126,316
Enterprise Value Low	20,215	24,840	31,988	31,667	32,385	37,256	44,069	54,678	47,060	55,126	80,907	84,640	84,712	95,222	76,019

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Shares Outstanding	484	483	480	466	456	445	439	434	430	424	416	412	408	405	398
Diluted Weighted Avg Shares	492	487	483	476	459	450	443	438	433	428	421	416	412	409	403
Basic Weighted Avg Shares	487	483	479	473	457	448	441	435	431	426	419	414	411	407	402
Revenue per Share	21.74	19.56	21.35	23.15	25.53	27.63	30.13	32.44	33.87	35.2	39.39	43.54	46.77	50.51	54.55
EBITDA per Share	4.75	3.89	4.35	4.85	5.52	6.42	6.66	7.87	8.35	8.97	10.27	12.22	13.46	14.74	15.82
Operating Income per Share	3.98	3.45	3.79	4.26	4.79	5.26	5.8	6.95	7.29	7.8	9.08	10.9	12.05	13.29	14.36
Basic EPS, GAAP	2.85	2.91	3.17	3.07	3.27	3.99	4.28	5.27	5.73	6.1	7.04	8.25	9.14	10.02	10.97
Basic EPS from Cont Ops	2.82	2.32	2.59	2.91	3.27	3.99	4.28	5.27	5.73	6.1	7.04	8.25	9.14	10.02	10.97
Diluted EPS, GAAP	2.82	2.89	3.14	3.05	3.25	3.97	4.25	5.24	5.7	6.07	7	8.21	9.1	9.98	10.94
Diluted EPS from Cont Ops	2.79	2.3	2.57	2.89	3.25	3.97	4.25	5.24	5.7	6.07	7	8.21	9.1	9.98	10.94
Dividend per Share	1.52	1.67	1.84	1.96	2.06	2.22	2.41	2.97	3.41	3.7	3.96	4.6	5.32	5.89	6.53
Cash Flow per Share	3.92	3.27	3.8	4.18	4.15	4.75	5.71	6.18	7.02	7.26	7.4	10.17	10.13	12.13	13.53
Free Cash Flow per Basic Share	3.7	3.05	3.5	3.8	3.68	4.23	5.11	5.25	5.99	6.49	6.5	9.29	9.26	11.2	12.36
Cash & Equivalents per Share	3.26	3.58	7.53	3.57	7.05	6.25	4.95	4.51	4.44	6.08	3.56	5.09	8.08	19.36	10.63
Book Value per Share	12.63	12.83	13.89	10.31	9.83	8.94	10.79	12.44	13.38	13.38	7.75	8.52	11.14	15.27	15.16
Tangible Book Value per Share	4.88	5.2	8.95	5.39	4.97	3.63	3.66	4.62	5.18	5.01	-0.98	-0.42	2.1	3.24	2.75