Brown Forman Inc Financial Ratios — BF5B 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	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Return on Common Equity (%)	24.85	31.97	36.01	34.75	61.55	45.63	53.39	56.36	45.67	39	31.08	26.08	30.18	23.14	17.85
Return on Assets (%)	14.27	16.64	17.05	16.5	25.49	15.19	14.94	16.51	15.17	14.7	13	11.07	12.85	10.69	8.95
Return on Capital (%)	19.78	23.64	23.9	22.94	35.77	21.61	20.75	22.6	20.52	19.83	17.6	15.24	17.57	14.5	12.05
Return on Invested Capital (%)	19.35	22.97	23.03	22.18	34.93	21.58	20.38	22.44	20.14	19.5	17.32	15.2	17.18	13.16	12.05
Gross Margin (%)	65.92	68.62	69.48	69.66	69.41	67.5	67.8	65.16	63.25	60.5	60.79	58.99	60.46	58.94	60.54
EBITDA Margin (%)	30.74	33.31	34.14	34.4	51.44	35.67	34.24	36.58	34.64	35.91	32.62	28.55	35.93	30.04	27.83
Operating Margin (%)	28.94	31.52	32.46	32.77	33.93	33.73	32.27	34.42	32.44	30.02	30.61	26.66	27.62	30.54	29.33
Incremental Operating Margin (%)	- -	87.3	51.41	39.16	- -	40	14.96	126.32	- -	- -	34.96	- -	- -	- -	131.91
Pretax Margin (%)	27.91	30.36	31.66	31.97	48.2	31.16	30.08	31.35	30	31.23	28.32	24.05	31.07	27.19	22.53
Profit Margin (%)	18.84	20.74	22.03	21.83	34.54	22.34	22.08	25.12	24.59	26.09	21.31	18.52	24.51	21.86	18.2
Net Income to Common Margin (%)	18.84	20.74	22.03	21.83	34.54	22.34	22.08	25.12	24.59	26.09	21.31	18.52	24.51	21.86	18.2
Effective Tax Rate (%)	32.5	31.68	30.41	31.74	28.34	28.3	26.61	19.87	18.04	16.47	24.78	23.01	21.11	19.61	19.21
Dvd Payout Ratio (%)	37.43	179.86	35.36	37.43	24.93	40.96	107.81	37.13	39.3	37.43	99.16	48.28	39.45	48.33	59.72
Sustainable Growth Rate (%)	15.55	-25.53	23.28	21.74	46.21	26.94	-4.17	35.44	27.72	24.4	0.26	13.49	18.28	11.96	7.19

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	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Total Debt	510	1,002	1,005	1,183	1,501	2,149	2,556	2,493	2,602	2,559	2,269	2,913	3,100	2,733	2,502
ST Debt	7	5	8	440	271	460	215	166	333	205	250	235	728	312	419
LT Debt	503	997	997	743	1,230	1,689	2,341	2,327	2,269	2,354	2,019	2,678	2,372	2,421	2,083
Total Debt/EBITDA	0.61	1.06	0.98	1.1	0.94	2.01	2.3	2.05	2.23	2.06	1.77	2.41	2.07	2.29	2.29
Net Debt/EBITDA	0.21	0.84	0.56	0.75	0.78	1.84	2.08	1.75	1.65	1.13	1.09	2.1	1.77	1.92	2.01
Total Debt/EBIT	0.65	1.12	1.04	1.15	0.98	2.13	2.44	2.18	2.38	2.19	1.88	2.58	2.19	2.47	2.5
Net Debt/EBIT	0.22	0.89	0.58	0.79	0.81	1.95	2.21	1.86	1.77	1.21	1.16	2.25	1.88	2.07	2.19
EBITDA to Interest Expense	27	26.36	39.27	39.93	34.54	18.1	16.35	13.82	14.21	15.35	15.65	13.41	11.82	9.79	10.61
EBITDA-CapEx/Interest Expense	24.9	23.69	34.38	35.33	32.2	16.2	14.47	12.44	12.76	14.54	13.96	11.38	10.02	8.42	9.57
EBIT to Interest Expense	25.42	24.94	37.35	38.04	22.78	17.12	15.41	13	13.3	12.83	14.68	12.52	9.09	9.95	11.18
Interest Expense	31	36	26	27	46	59	68	88	82	81	82	90	127	122	103
Common Equity/Total Assets	59.51	44.9	49.52	45.49	37.34	29.62	26.45	32.05	34.25	40.72	42.95	42.02	43.07	49.38	50.92
Long-Term Debt/Equity (%)	24.31	61.24	49.06	39	78.75	123.28	177.89	141.29	114.89	88.63	73.77	81.95	67.44	60.63	51.82
Long-Term Debt/Capital (%)	19.5	37.91	32.83	24.06	40.16	48	60.46	56.21	49.57	45.14	40.33	43.33	35.85	35.99	31.94
Long-Term Debt/Total Assets (%)	14.47	27.5	24.3	17.74	29.4	36.52	47.05	45.28	39.35	36.09	31.68	34.43	29.05	29.94	26.39
Total Debt/Equity (%)	24.65	61.55	49.46	62.1	96.09	156.86	194.22	151.37	131.75	96.35	82.9	89.14	88.14	68.44	62.24
Total Debt/Capital (%)	19.78	38.1	33.09	38.31	49	61.07	66.01	60.22	56.85	49.07	45.33	47.13	46.85	40.63	38.36
Total Debt/Total Assets (%)	14.67	27.63	24.49	28.25	35.88	46.46	51.37	48.51	45.13	39.24	35.6	37.46	37.96	33.8	31.69
Net Debt to Equity	8.31	49.02	27.95	42.68	79.26	143.58	176.06	129.51	97.57	53.05	51.19	77.69	75.46	57.33	54.58
Net Debt/Capital (%)	7.68	32.89	21.85	29.91	44.21	58.95	63.78	55.65	49.38	34.66	33.86	43.72	43.01	36.44	35.31
EBITDA	837	949	1,021	1,078	1,589	1,068	1,112	1,216	1,165	1,243	1,283	1,207	1,501	1,194	1,093
EBITDA-CapEx	772	853	894	954	1,481	956	984	1,095	1,046	1,178	1,145	1,024	1,273	1,027	986
Operating Income (Loss)	788	898	971	1,027	1,048	1,010	1,048	1,144	1,091	1,039	1,204	1,127	1,154	1,214	1,152

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	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Cash Ratio	0.84	0.43	0.78	0.39	0.33	0.19	0.29	0.44	0.77	1.25	0.84	0.35	0.29	0.41	0.25
Current Ratio	4.33	3.85	3.88	2.35	2.82	2.42	3.11	3.87	3.71	4.27	3.65	3.51	2.59	3.88	3.24
Quick Ratio	2.01	1.59	1.79	0.99	1.04	0.76	1.07	1.3	1.41	2.07	1.63	1.13	0.78	1.18	0.93
CFO/Avg Current Liab	0.93	1.22	1.26	0.8	0.6	0.75	0.73	1.05	0.91	0.91	0.96	0.6	0.49	0.45	0.87
Common Equity/Total Assets	59.51	44.9	49.52	45.49	37.34	29.62	26.45	32.05	34.25	40.72	42.95	42.02	43.07	49.38	50.92
Long-Term Debt/Equity (%)	24.31	61.24	49.06	39	78.75	123.28	177.89	141.29	114.89	88.63	73.77	81.95	67.44	60.63	51.82
Long-Term Debt/Capital (%)	19.5	37.91	32.83	24.06	40.16	48	60.46	56.21	49.57	45.14	40.33	43.33	35.85	35.99	31.94
Long-Term Debt/Total Assets (%)	14.47	27.5	24.3	17.74	29.4	36.52	47.05	45.28	39.35	36.09	31.68	34.43	29.05	29.94	26.39
Total Debt/Equity (%)	24.65	61.55	49.46	62.1	96.09	156.86	194.22	151.37	131.75	96.35	82.9	89.14	88.14	68.44	62.24
Total Debt/Capital (%)	19.78	38.1	33.09	38.31	49	61.07	66.01	60.22	56.85	49.07	45.33	47.13	46.85	40.63	38.36
Total Debt/Total Assets (%)	14.67	27.63	24.49	28.25	35.88	46.46	51.37	48.51	45.13	39.24	35.6	37.46	37.96	33.8	31.69
CFO/Total Liabilities	36.65	26.88	31.34	26.63	19.99	20.15	17.84	22.91	19.1	21.13	25.74	14.19	13.92	14.61	25.81
CFO/CapEx	7.94	5.59	5.11	4.9	4.85	5.86	5.1	6.61	6.08	12.57	6.78	3.5	2.84	3.58	9.35
Altman's Z-Score	10.39	9.2	9.98	9.37	9.06	7.79	7.69	7.81	7.97	8.8	8.63	7.42	5.94	5.74	5.2

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	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Accounts Receivable Turnover	5.61	5.57	5.36	5.44	5.41	5.37	5.43	5.33	5.7	5.23	5.02	5.07	5.15	4.97	4.73
Days Sales Outstanding	65.08	65.53	68.16	67.08	67.47	68.03	67.2	68.52	63.98	69.76	72.67	72	70.94	73.41	77.22
Inventory Turnover	1.37	1.16	1.07	1.04	0.94	0.84	0.79	0.8	0.77	0.8	0.86	0.85	0.68	0.64	0.61
Days Inventory Outstanding	267.26	314.17	341.61	352.14	387.6	435.9	462.18	456.88	473.23	458.72	422.4	431.62	534.57	566.62	595.07
Accounts Payable Turnover	8.07	7.98	7.25	7.95	8.57	9.22	7.94	8.55	9.97	9.46	8.25	8.36	6.7	6.22	6.92
Accounts Payable Turnover Days	45.21	45.76	50.34	45.89	42.57	39.6	45.98	42.71	36.6	38.59	44.24	43.65	54.51	58.65	52.72
Cash Conversion Cycle	287.13	333.94	359.43	373.33	412.49	464.32	483.4	482.69	500.61	489.89	450.83	459.97	551	581.39	619.57
Inventory to Cash Days	-202.18	-248.64	-273.46	-285.06	-320.13	-367.87	-394.98	-388.36	-409.25	-388.96	-349.74	-359.62	-463.64	-493.21	-517.85
Inventories	712	827	882	953	1,054	1,270	1,379	1,520	1,685	1,751	1,818	2,283	2,556	2,511	2,543
Raw Materials	50	57	47	61	85	92	90	85	101	128	126	191	218	90	85
Work In Process	115	137	144	121	116	119	117	152	172	199	225	321	396	378	414
Finished Goods	547	633	691	771	853	1,059	1,172	1,283	1,412	1,424	1,467	1,771	1,942	2,043	2,044
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	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Market Capitalization	12,404	15,094	19,444	19,387	19,226	18,368	27,599	25,776	30,715	37,600	33,306	31,995	23,107	16,829	12,145
- Cash & Cash Equivalents	338	204	437	370	263	182	239	307	675	1,150	868	374	446	444	308
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	510	1,002	1,005	1,183	1,501	2,149	2,556	2,493	2,602	2,559	2,269	2,913	3,100	2,733	2,502
Enterprise Value	12,576	15,892	20,012	20,200	20,464	20,335	29,916	27,962	32,642	39,009	34,707	34,534	25,761	19,118	14,339
Total Capital	2,579	2,630	3,037	3,088	3,063	3,519	3,872	4,140	4,577	5,215	5,006	6,181	6,617	6,726	6,522
Total Debt/Capital (%)	19.78	38.1	33.09	38.31	49	61.07	66.01	60.22	56.85	49.07	45.33	47.13	46.85	40.63	38.36
Total Debt / EV	0.04	0.06	0.05	0.06	0.07	0.11	0.09	0.09	0.08	0.07	0.07	0.08	0.12	0.14	0.17
EV/Sales	4.62	5.58	6.69	6.45	6.62	6.79	9.21	8.41	9.71	11.27	8.82	8.17	6.17	4.81	3.65
EV/EBITDA	15.03	16.75	19.6	18.74	12.88	19.04	26.9	22.99	28.02	31.38	27.05	28.61	17.16	16.01	13.12
EV/EBIT	15.96	17.7	20.61	19.67	13.35	20.13	28.55	24.44	29.92	33.46	28.83	30.64	18.22	17.27	14.32
EV/Cash Flow to Firm	23.42	28.3	30	32.25	36.74	29.12	42.56	32.12	41.26	44.09	34.79	48.69	34.48	27.47	13.24
EV/Free Cash Flow to Firm	26.65	34.13	37.05	40.2	45.58	34.68	52.04	37.31	48.56	47.59	40.37	65.62	49.62	36.14	14.69
Diluted Market Cap	12,577	15,184	19,592	19,794	19,861	18,673	27,785	26,040	30,856	37,753	33,413	32,072	23,333	16,871	12,357
Diluted Enterprise Value	12,749	15,982	20,160	20,607	21,099	20,640	30,102	28,226	32,783	39,162	34,814	34,611	25,987	19,160	14,551
EV per Share	23.05	29.04	36.61	37.8	40.42	41.36	60.73	57.22	66.65	79.56	70.74	70.35	53.22	39.57	30.52
TTM Sales	2,723	2,849	2,991	3,134	3,089	2,994	3,248	3,324	3,363	3,461	3,933	4,228	4,178	3,975	3,928
TTM EBITDA	837	949	1,021	1,078	1,589	1,068	1,112	1,216	1,165	1,243	1,283	1,207	1,501	1,194	1,093
TTM Operating Income	788	898	971	1,027	1,048	1,010	1,048	1,144	1,091	1,039	1,204	1,127	1,154	1,214	1,152
TTM Cash Flow to Firm	537	562	667	626	557	698	703	871	791	885	998	709	747	696	1,083
TTM Free Cash Flow to Firm	472	466	540	502	449	586	575	750	672	820	860	526	519	529	976

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	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Price/Free Cash Flow	27.89	34.43	37.53	40.9	47.74	34.33	52.92	38.35	51	50.2	41.87	70.18	55.69	39.14	13.84
EV/EBIT	15.96	17.7	20.61	19.67	13.35	20.13	28.55	24.44	29.92	33.46	28.83	30.64	18.22	17.27	14.32
Enterprise Value	12,576	15,892	20,012	20,200	20,464	20,335	29,916	27,962	32,642	39,009	34,707	34,534	25,761	19,118	14,339
Low Price	16.5	22.19	26.2	33.22	35.52	34.69	37.45	44.83	46.13	60.21	61.44	60.84	47.74	30	22.63
EV/Sales	4.62	5.58	6.69	6.45	6.62	6.79	9.21	8.41	9.71	11.27	8.82	8.17	6.17	4.81	3.65
EV/EBITDA	15.03	16.75	19.6	18.74	12.88	19.04	26.9	22.99	28.02	31.38	27.05	28.61	17.16	16.01	13.12
Price/Earnings	24.34	25.5	29.5	28.74	18.5	27.72	38.44	30.98	37.11	41.62	39.73	40.85	22.75	19.4	17.27
Price/Earnings Average	21.62	23.69	24.84	28.75	19.33	27.86	32.29	29.5	35.83	39.26	41.16	42.42	28.53	22.95	19.08
Price/Earnings High	24.71	26.51	29.96	30.9	21.67	30.48	39.45	34.55	42.66	44.8	47.56	48.75	34.36	27.73	24.11
Price/Earnings Low	17.67	20.51	21.73	26.31	17.3	25.74	25.7	26.34	27.3	32.68	35.96	38.13	22.75	16.71	15.12
Price/Book Value	6	9.27	9.57	10.18	12.31	13.41	20.97	15.65	15.55	14.16	12.17	9.79	6.57	4.21	3.02
Price/Book Value Average	5.33	8.61	8.06	10.18	12.87	13.48	17.62	14.9	15.02	13.35	12.61	10.17	8.24	4.98	3.34
Price/Book Value High	6.09	9.64	9.72	10.94	14.42	14.75	21.53	17.45	17.88	15.24	14.57	11.68	9.93	6.02	4.22
Price/Book Value Low	4.35	7.46	7.05	9.32	11.51	12.45	14.02	13.3	11.44	11.11	11.01	9.14	6.57	3.63	2.64
Price/Tangible Book Value	15.82	44.01	26.45	28.22	51	-765.35	-235.89	103.52	52.59	31.31	23.96	49.45	21.55	11.17	7.81
Price/Tangible Book Value Average	14.05	40.88	22.28	28.23	53.31	-769.42	-198.16	98.56	50.78	29.53	24.82	51.35	27.03	13.21	8.63
Price/Tangible Book Value High	16.06	45.76	26.86	30.35	59.74	-841.71	-242.12	115.44	60.46	33.7	28.68	59.02	32.56	15.96	10.91
Price/Tangible Book Value Low	11.49	35.4	19.48	25.84	47.7	-710.76	-157.69	88	38.69	24.58	21.69	46.16	21.55	9.62	6.84
Price/Sales	4.59	5.29	6.5	6.27	6.39	6.19	8.49	7.78	9.12	10.86	8.47	7.56	5.57	4.24	3.14
Price/Sales Average	4.07	4.91	5.47	6.27	6.68	6.23	7.13	7.41	8.81	10.24	8.77	7.86	6.99	5.02	3.47
Price/Sales High	4.66	5.5	6.6	6.75	7.48	6.81	8.71	8.68	10.49	11.69	10.13	9.03	8.42	6.06	4.39
Price/Sales Low	3.33	4.26	4.79	5.74	5.98	5.75	5.67	6.62	6.71	8.53	7.66	7.06	5.57	3.65	2.75
Price/Cash Flow	24.2	28.06	29.96	32.33	37.66	28.26	42.2	32.34	42.38	46	35.57	49.98	36	28.19	12.35
Price/Cash Flow Average	21.49	26.07	25.23	32.34	39.37	28.41	35.45	30.79	40.93	43.39	36.85	51.89	45.15	33.35	13.64
Price/Cash Flow High	24.57	29.18	30.42	34.77	44.12	31.08	43.32	36.07	48.72	49.51	42.58	59.64	54.39	40.29	17.24
Price/Cash Flow Low	17.57	22.57	22.07	29.6	35.23	26.25	28.21	27.49	31.18	36.12	32.19	46.65	36	24.28	10.81
Price/Free Cash Flow Average	24.77	31.99	31.6	40.91	49.91	34.51	44.46	36.51	49.25	47.35	43.38	72.87	69.84	46.29	15.29
Price/Free Cash Flow High	28.31	35.8	38.11	43.98	55.93	37.75	54.32	42.77	58.63	54.03	50.12	83.75	84.13	55.94	19.32
Price/Free Cash Flow Low	20.24	27.7	27.64	37.45	44.66	31.88	35.38	32.6	37.52	39.42	37.89	65.51	55.69	33.71	12.11
EV/Sales Average	4.11	5.2	5.66	6.45	6.91	6.82	7.85	8.04	9.39	10.65	9.13	8.46	7.57	5.58	3.98
EV/Sales High	4.69	5.79	6.79	6.91	7.69	7.4	9.44	9.31	11.07	12.1	10.49	9.63	8.99	6.63	4.88
EV/Sales Low	3.37	4.54	4.98	5.92	6.22	6.35	6.39	7.25	7.29	8.94	8.02	7.66	6.17	4.22	3.27
EV/EBITDA Average	13.37	15.62	16.59	18.74	13.43	19.13	22.93	21.98	27.11	29.66	27.99	29.63	21.07	18.59	14.29
EV/EBITDA High	15.25	17.38	19.89	20.1	14.95	20.76	27.56	25.44	31.96	33.69	32.17	33.74	25.03	22.06	17.52
EV/EBITDA Low	10.96	13.64	14.58	17.22	12.1	17.81	18.68	19.82	21.05	24.88	24.59	26.85	17.16	14.06	11.73
EV/EBIT Average	14.2	16.5	17.45	19.68	13.92	20.23	24.33	23.36	28.95	31.62	29.82	31.73	22.37	20.05	15.6
EV/EBIT High	16.2	18.37	20.92	21.09	15.5	21.95	29.24	27.04	34.13	35.92	34.28	36.13	26.56	23.79	19.13
EV/EBIT Low	11.65	14.41	15.33	18.08	12.54	18.84	19.82	21.06	22.48	26.53	26.2	28.75	18.22	15.16	12.81
Last Price	22.73	27.58	35.58	36.28	37.97	37.36	56.02	52.74	62.71	76.69	67.89	65.18	47.74	34.83	25.85
High Price	23.08	28.68	36.12	39.02	44.48	41.08	57.5	58.82	72.09	82.54	81.27	77.78	72.12	49.77	36.1
Enterprise Value Average	11,190	14,821	16,940	20,207	21,334	20,433	25,502	26,727	31,585	36,871	35,907	35,762	31,632	22,192	15,616
Enterprise Value High	12,766	16,492	20,312	21,663	23,760	22,168	30,646	30,931	37,236	41,877	41,272	40,723	37,563	26,338	19,152
Enterprise Value Low	9,176	12,940	14,889	18,564	19,222	19,025	20,767	24,097	24,522	30,929	31,543	32,405	25,761	16,783	12,825

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	04/30/2012	04/30/2013	04/30/2014	04/30/2015	04/30/2016	04/30/2017	04/30/2018	04/30/2019	04/30/2020	04/30/2021	04/30/2022	04/30/2023	04/30/2024	04/30/2025	04/30/2026

Shares Outstanding	546	547	547	534	506	492	493	489	490	490	491	491	484	483	470
Diluted Weighted Avg Shares	553	550	551	546	523	500	496	494	492	492	492	492	489	484	478
Basic Weighted Avg Shares	549	546	547	542	520	496	492	491	489	490	490	491	488	484	478
Revenue per Share	4.96	5.21	5.47	5.78	5.94	6.03	6.6	6.78	6.87	7.06	8.02	8.62	8.56	8.21	8.22
EBITDA per Share	1.52	1.74	1.87	1.99	3.06	2.15	2.26	2.48	2.38	2.54	2.62	2.46	3.08	2.47	2.29
Operating Income per Share	1.43	1.64	1.78	1.9	2.02	2.03	2.13	2.33	2.23	2.12	2.45	2.3	2.37	2.51	2.41
Basic EPS, GAAP	0.93	1.08	1.21	1.26	2.05	1.35	1.46	1.7	1.69	1.84	1.71	1.6	2.1	1.8	1.5
Basic EPS from Cont Ops	0.93	1.08	1.21	1.26	2.05	1.35	1.46	1.7	1.69	1.84	1.71	1.6	2.1	1.8	1.5
Diluted EPS, GAAP	0.93	1.07	1.2	1.25	2.04	1.34	1.45	1.69	1.68	1.83	1.7	1.59	2.1	1.79	1.5
Diluted EPS from Cont Ops	0.93	1.07	1.2	1.25	2.04	1.34	1.45	1.69	1.68	1.83	1.7	1.59	2.1	1.79	1.5
Dividend per Share	0.35	1.95	0.43	0.47	0.51	0.55	1.57	0.63	0.66	0.69	1.69	0.77	0.83	0.87	0.89
Cash Flow per Share	0.94	0.98	1.19	1.12	1.01	1.32	1.33	1.63	1.48	1.67	1.91	1.3	1.33	1.24	2.09
Free Cash Flow per Basic Share	0.82	0.81	0.96	0.89	0.8	1.1	1.07	1.38	1.24	1.53	1.63	0.93	0.86	0.89	1.87
Cash & Equivalents per Share	0.62	0.37	0.8	0.69	0.52	0.37	0.49	0.63	1.38	2.35	1.77	0.76	0.92	0.92	0.66
Book Value per Share	3.79	2.98	3.72	3.56	3.09	2.79	2.67	3.37	4.03	5.42	5.58	6.66	7.27	8.26	8.56
Tangible Book Value per Share	1.44	0.63	1.34	1.29	0.74	-0.05	-0.24	0.51	1.19	2.45	2.83	1.32	2.21	3.12	3.31