Baxter International Inc. Financial Ratios — BTL Stock

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 (%)	33.82	34.4	26.13	30.12	11.41	57.95	6.91	18.22	12.73	13.3	14.45	-32.64	37.32	-8.45	-14.62
Return on Assets (%)	12.17	11.79	8.82	9.72	4.11	27.2	3.69	9.42	5.9	5.77	4.8	-7.87	9.39	-2.4	-4.18
Return on Capital (%)	19.53	19.39	14.02	15.23	6.77	- -	5.48	13.64	- -	8.34	6.82	- -	13.26	- -	- -
Return on Invested Capital (%)	18.5	16.41	2.55	3.4	2.45	- -	5.9	12.44	- -	9.37	5.78	- -	2.3	- -	- -
Gross Margin (%)	50.72	51.19	44.22	42.74	41.59	40.5	42.27	42.88	41.9	39.3	38.86	35.29	40.06	37.46	30.05
EBITDA Margin (%)	26.03	25.35	12.02	13.51	12.12	15.2	19.26	21.22	22.54	20.89	18.25	-17.63	16.32	9.51	5.99
Operating Margin (%)	21.2	19.88	5.27	6.12	4.5	7.33	12.17	14.27	15.6	13.68	11.07	-0.33	6.82	4.13	1.57
Incremental Operating Margin (%)	77.14	- -	50.28	12.25	27.56	151.79	128.98	57.48	71.48	- -	- -	65.92	244.22	- -	- -
Pretax Margin (%)	20.22	20.36	3.98	4.57	4.29	48.75	10.39	14.57	8.54	11.07	9.19	-32.3	2.34	-2.72	-4.49
Profit Margin (%)	16.01	16.69	21.37	23.3	9.71	48.85	5.69	13.93	8.81	9.44	10.57	-24.19	25.64	-6.1	-8.51
Net Income to Common Margin (%)	16.01	16.69	21.37	23.3	9.71	48.85	5.69	13.93	8.81	9.44	10.57	-24.19	25.64	-6.1	-8.51
Effective Tax Rate (%)	19.69	19.56	16	6.73	8.18	- -	44.64	4.02	- -	14.09	7.44	- -	25.21	- -	- -
Dvd Payout Ratio (%)	30.99	35.22	324.76	239.61	231.55	5.4	51.72	24.23	41.43	42.31	50.77	-18.48	311.7	-187.3	-38.67
Sustainable Growth Rate (%)	23.34	22.29	-58.73	-42.04	-15.01	54.82	3.34	13.81	7.46	7.67	7.12	-38.67	-79	-24.27	-20.27

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	5,195	5,930	9,166	9,029	6,507	2,782	3,512	3,485	5,961	6,804	18,310	17,203	14,113	13,449	9,780
ST Debt	446	350	1,040	1,698	2,585	3	3	4	642	517	639	1,524	2,759	2,832	84
LT Debt	4,749	5,580	8,126	7,331	3,922	2,779	3,509	3,481	5,319	6,287	17,671	15,679	11,354	10,617	9,696
Total Debt/EBITDA	1.44	1.68	8.1	6.24	5.39	1.8	1.72	1.48	2.33	2.79	8.26	-9.7	8.35	13.3	14.53
Net Debt/EBITDA	0.63	0.75	5.69	4.22	3.55	-0.01	0.06	0.7	0.79	1.01	6.63	-8.41	6.31	11.24	11.16
Total Debt/EBIT	1.76	2.1	18.48	13.76	14.49	3.73	2.73	2.2	3.36	4.21	13.56	-6.05	19.96	960.64	-31.75
Net Debt/EBIT	0.78	0.94	12.97	9.3	9.56	-0.03	0.09	1.04	1.14	1.52	10.9	-5.24	15.1	811.57	-24.38
EBITDA to Interest Expense	39.3	31.27	7.3	8.67	8.27	17.36	23.98	25.32	23.07	15.94	10.71	-4.29	3.33	2.48	2.32
EBITDA-CapEx/Interest Expense	39.3	31.27	7.3	8.67	8.27	17.36	23.98	25.32	23.07	15.94	10.71	-4.92	3.32	2.44	2.29
EBIT to Interest Expense	32.02	24.51	3.2	3.93	3.08	8.37	15.15	17.03	15.96	10.44	6.49	-0.08	1.39	1.08	0.61
Interest Expense	92	113	155	167	146	89	85	93	111	153	207	413	508	408	290
Common Equity/Total Assets	34.53	34.03	33.55	31.07	42.2	53.33	53.32	49.9	43.32	43.4	27.08	20.62	29.71	27.01	30.56
Long-Term Debt/Equity (%)	69.55	79.97	95.76	89.88	44.24	33.56	38.49	44.25	67.23	72.05	193.74	265.97	134.08	151.15	158.9
Long-Term Debt/Capital (%)	39.5	43.23	46.03	42.66	25.51	25.12	27.79	30.67	38.34	40.48	64.42	67.88	50.28	51.86	61.05
Long-Term Debt/Total Assets (%)	24.9	27.37	32.22	28.05	18.71	17.88	20.51	22.14	29.24	31.41	52.72	55.43	40.15	41.18	48.35
Total Debt/Equity (%)	76.08	84.98	108.01	110.7	73.4	33.6	38.53	44.3	75.34	77.97	200.75	291.82	166.66	191.47	160.28
Total Debt/Capital (%)	43.21	45.94	51.93	52.54	42.33	25.15	27.81	30.7	42.97	43.81	66.75	74.48	62.5	65.69	61.58
Total Debt/Total Assets (%)	27.24	29.08	36.34	34.54	31.04	17.9	20.52	22.17	32.77	33.99	54.62	60.82	49.91	52.16	48.77
Net Debt to Equity	33.54	38.12	75.81	74.84	48.44	-0.23	1.29	20.94	25.47	28.21	161.27	253.06	126.1	161.76	123.07
Net Debt/Capital (%)	25.12	27.6	43.12	42.81	32.63	-0.23	1.28	17.31	19.12	20.86	60.09	69.78	54.75	60.73	53.97
EBITDA	3,616	3,533	1,131	1,448	1,208	1,545	2,038	2,355	2,561	2,439	2,217	-1,773	1,691	1,011	673
EBITDA-CapEx	3,616	3,533	1,131	1,448	1,208	1,545	2,038	2,355	2,561	2,439	2,217	-2,031	1,687	997	664
Operating Income (Loss)	2,946	2,770	496	656	449	745	1,288	1,584	1,772	1,597	1,344	-33	707	439	177

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	0.6	0.69	0.52	0.48	1.28	1.02	1.2	0.65	1.03	1.12	0.7	0.36	0.47	0.27	0.66
Current Ratio	1.78	1.95	1.94	1.68	2.05	2.4	2.57	2.12	2.32	2.52	2.09	1.69	1.48	1.36	2.31
Quick Ratio	1.1	1.2	1.08	0.8	1.58	1.64	1.84	1.31	1.62	1.74	1.34	0.91	0.75	0.54	1.31
CFO/Avg Current Liab	0.63	0.65	0.64	0.57	0.3	0.39	0.62	0.72	0.7	0.57	0.59	0.27	0.31	0.16	0.18
Common Equity/Total Assets	34.53	34.03	33.55	31.07	42.2	53.33	53.32	49.9	43.32	43.4	27.08	20.62	29.71	27.01	30.56
Long-Term Debt/Equity (%)	69.55	79.97	95.76	89.88	44.24	33.56	38.49	44.25	67.23	72.05	193.74	265.97	134.08	151.15	158.9
Long-Term Debt/Capital (%)	39.5	43.23	46.03	42.66	25.51	25.12	27.79	30.67	38.34	40.48	64.42	67.88	50.28	51.86	61.05
Long-Term Debt/Total Assets (%)	24.9	27.37	32.22	28.05	18.71	17.88	20.51	22.14	29.24	31.41	52.72	55.43	40.15	41.18	48.35
Total Debt/Equity (%)	76.08	84.98	108.01	110.7	73.4	33.6	38.53	44.3	75.34	77.97	200.75	291.82	166.66	191.47	160.28
Total Debt/Capital (%)	43.21	45.94	51.93	52.54	42.33	25.15	27.81	30.7	42.97	43.81	66.75	74.48	62.5	65.69	61.58
Total Debt/Total Assets (%)	27.24	29.08	36.34	34.54	31.04	17.9	20.52	22.17	32.77	33.99	54.62	60.82	49.91	52.16	48.77
CFO/Total Liabilities	23.01	23.16	19.11	17.88	14.64	22.76	21.44	25.68	20.46	16.54	9.11	5.41	8.71	5.43	6.06
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.69	431.5	72.79	93.89
Altman's Z-Score	- -	- -	- -	- -	2.95	5.1	5.85	6.22	5.73	5.17	3.98	2.92	2.95	2.82	3.74

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	- -	5.75	3.53	4.47	5.51	5.94	6.08	6.11	6.08	5.98	5.24	3.87	4.83	6.26	6.35
Days Sales Outstanding	- -	63.45	103.45	81.64	66.19	61.45	60.07	59.74	60.01	61.02	69.66	94.36	75.57	58.31	57.46
Inventory Turnover	2.74	2.5	1.67	2.42	3.66	3.99	4.21	4.04	3.98	3.97	3.4	2.54	2.7	3.36	3.68
Days Inventory Outstanding	133.24	145.72	219.03	150.92	99.71	91.57	86.77	90.44	91.79	91.92	107.37	143.91	135.1	108.75	99.27
Accounts Payable Turnover	9.23	8.94	6.36	4.74	8.4	7.79	7.19	6.81	6.97	7.6	6.96	5.72	5.47	7.33	8.19
Accounts Payable Turnover Days	39.56	40.83	57.36	77.05	43.46	46.83	50.73	53.59	52.36	48.05	52.46	63.85	66.68	49.77	44.59
Cash Conversion Cycle	- -	168.33	265.13	155.51	122.43	106.19	96.11	96.59	99.43	104.89	124.57	174.43	143.99	117.29	112.14
Inventory to Cash Days	- -	-82.27	-115.57	-69.28	-33.53	-30.12	-26.69	-30.71	-31.78	-30.9	-37.71	-49.55	-59.53	-50.45	-41.81
Inventories	2,628	2,803	3,499	1,577	1,604	1,430	1,475	1,667	1,653	1,916	2,453	2,679	1,918	2,046	2,232
Raw Materials	596	765	920	372	374	319	347	367	377	460	591	698	530	510	536
Work In Process	923	898	1,136	148	142	122	116	207	185	196	300	294	234	266	369
Finished Goods	1,109	1,140	1,443	1,057	1,088	989	1,012	1,093	1,091	1,260	1,562	1,687	1,154	1,270	1,327
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	- -	- -	- -	- -	21,118	23,871	35,311	33,668	42,695	40,198	44,007	25,824	19,781	14,794	9,840
- Cash & Cash Equivalents	2,905	3,270	2,733	2,925	2,213	2,801	3,394	1,838	3,335	3,730	2,951	1,718	3,078	1,764	1,966
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	243	40	23	36	19	-10	-8	22	30	37	44	62	66	60	-27
+ Total Debt	5,195	5,930	9,166	9,029	6,507	2,782	3,512	3,485	5,961	6,804	18,310	17,203	14,113	13,449	9,780
Enterprise Value	- -	- -	- -	- -	20,283	23,842	35,421	35,337	45,351	43,309	59,410	41,371	30,882	26,539	17,627
Total Capital	12,023	12,908	17,652	17,185	15,372	11,062	12,628	11,351	13,873	15,530	27,431	23,098	22,581	20,473	15,882
Total Debt/Capital (%)	43.21	45.94	51.93	52.54	42.33	25.15	27.81	30.7	42.97	43.81	66.75	74.48	62.5	65.69	61.58
Total Debt / EV	- -	- -	- -	- -	0.32	0.12	0.1	0.1	0.13	0.16	0.31	0.42	0.46	0.51	0.55
EV/Sales	- -	- -	- -	- -	2.03	2.35	3.35	3.18	3.99	3.71	4.89	4.11	2.98	2.5	1.57
EV/EBITDA	- -	- -	- -	- -	16.79	15.43	17.38	15	17.71	17.76	26.8	- -	18.26	26.25	26.19
EV/EBIT	- -	- -	- -	- -	45.17	32	27.5	22.31	25.59	26.8	44.01	- -	43.68	1,895.67	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	10.65	- -	20.11	16.78	- -	21.66	24.61	- -	14.66	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	10.65	- -	20.11	16.78	- -	21.66	24.61	- -	14.69	- -	- -
Diluted Market Cap	- -	- -	- -	- -	21,169	24,424	36,193	35,833	43,778	41,160	44,567	25,802	19,717	14,767	9,815
Diluted Enterprise Value	- -	- -	- -	- -	20,334	24,395	36,303	37,502	46,434	44,271	59,970	41,349	30,818	26,512	17,602
EV per Share	- -	- -	- -	- -	37.04	44.27	65.42	68.88	89.6	85.78	118.44	82.01	60.83	51.94	34.27
TTM Sales	13,893	13,936	9,413	10,719	9,968	10,163	10,584	11,099	11,362	11,673	12,146	10,057	10,360	10,636	11,244
TTM EBITDA	3,616	3,533	1,131	1,448	1,208	1,545	2,038	2,355	2,561	2,439	2,217	-1,773	1,691	1,011	673
TTM Operating Income	2,946	2,770	496	656	449	745	1,288	1,584	1,772	1,597	1,344	-33	707	439	177
TTM Cash Flow to Firm	2,891	3,197	3,328	3,371	1,905	- -	1,761	2,106	- -	1,999	2,414	- -	2,106	- -	- -
TTM Free Cash Flow to Firm	2,891	3,197	3,328	3,371	1,905	- -	1,761	2,106	- -	1,999	2,414	- -	2,102	- -	- -

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	- -	- -	- -	- -	11.95	14.77	21.12	17.77	20.81	22.03	20.06	27.07	11.45	14.69	11.74
EV/EBIT	- -	- -	- -	- -	45.17	32	27.5	22.31	25.59	26.8	44.01	- -	43.68	1,895.67	- -
Enterprise Value	- -	- -	- -	- -	20,283	23,842	35,421	35,337	45,351	43,309	59,410	41,371	30,882	26,539	17,627
Low Price	- -	- -	- -	- -	32.24	34.48	43.85	61.58	64.73	72.3	73.65	49.18	31.16	28.71	17.33
EV/Sales	- -	- -	- -	- -	2.03	2.35	3.35	3.18	3.99	3.71	4.89	4.11	2.98	2.5	1.57
EV/EBITDA	- -	- -	- -	- -	16.79	15.43	17.38	15	17.71	17.76	26.8	- -	18.26	26.25	26.19
Price/Earnings	- -	- -	- -	- -	21.71	4.87	58.82	22.67	42.89	36.77	34.3	- -	7.42	- -	- -
Price/Earnings Average	- -	- -	- -	- -	20.91	4.82	52.23	24.17	40.52	38.89	31.56	- -	7.82	- -	- -
Price/Earnings High	- -	- -	- -	- -	23.84	5.44	59.61	42.73	46.08	43.74	34.7	- -	10.2	- -	- -
Price/Earnings Low	- -	- -	- -	- -	18.15	3.79	39.56	21.27	32.91	33.39	28.79	- -	5.94	- -	- -
Price/Book Value	- -	- -	- -	- -	2.39	2.88	3.87	4.29	5.42	4.63	4.85	4.43	2.35	2.12	1.61
Price/Book Value Average	- -	- -	- -	- -	2.3	2.85	3.44	4.58	5.12	4.89	4.46	5.84	2.48	2.71	2.27
Price/Book Value High	- -	- -	- -	- -	2.62	3.21	3.92	8.09	5.82	5.5	4.9	7.72	3.24	3.31	3.15
Price/Book Value Low	- -	- -	- -	- -	2	2.24	2.6	4.03	4.16	4.2	4.07	4.25	1.88	2.11	1.45
Price/Tangible Book Value	- -	- -	- -	- -	4.39	5.21	7.59	9.81	12.63	10.58	-5.15	-3.48	-5.98	-4.19	-3.1
Price/Tangible Book Value Average	- -	- -	- -	- -	4.23	5.15	6.74	10.46	11.93	11.19	-4.74	-4.59	-6.3	-5.35	-4.4
Price/Tangible Book Value High	- -	- -	- -	- -	4.82	5.81	7.69	18.49	13.57	12.58	-5.21	-6.08	-8.22	-6.52	-6.09
Price/Tangible Book Value Low	- -	- -	- -	- -	3.67	4.05	5.11	9.21	9.69	9.6	-4.32	-3.35	-4.78	-4.15	-2.81
Price/Sales	- -	- -	- -	- -	2.11	2.38	3.35	3.16	3.78	3.47	3.63	2.57	1.9	1.39	0.87
Price/Sales Average	- -	- -	- -	- -	2.03	2.36	2.97	3.37	3.57	3.67	3.34	3.38	2	1.77	1.24
Price/Sales High	- -	- -	- -	- -	2.32	2.66	3.39	5.95	4.06	4.13	3.67	4.47	2.62	2.16	1.71
Price/Sales Low	- -	- -	- -	- -	1.76	1.85	2.25	2.96	2.9	3.15	3.04	2.46	1.52	1.38	0.79
Price/Cash Flow	- -	- -	- -	- -	11.87	14.63	20.66	17.38	20.41	21.69	19.82	21.31	11.42	14.49	11.62
Price/Cash Flow Average	- -	- -	- -	- -	11.43	14.48	18.34	18.53	19.28	22.94	18.24	28.08	12.03	18.52	16.46
Price/Cash Flow High	- -	- -	- -	- -	13.03	16.33	20.94	32.75	21.92	25.8	20.05	37.15	15.7	22.55	22.77
Price/Cash Flow Low	- -	- -	- -	- -	9.92	11.38	13.89	16.3	15.66	19.7	16.64	20.47	9.14	14.37	10.52
Price/Free Cash Flow Average	- -	- -	- -	- -	11.51	14.61	18.75	18.94	19.66	23.3	18.46	35.69	12.06	18.77	16.63
Price/Free Cash Flow High	- -	- -	- -	- -	13.13	16.48	21.4	33.49	22.35	26.21	20.29	47.21	15.74	22.87	23.01
Price/Free Cash Flow Low	- -	- -	- -	- -	9.99	11.49	14.2	16.67	15.97	20.01	16.84	26.01	9.16	14.57	10.63
EV/Sales Average	- -	- -	- -	- -	1.96	2.32	2.97	3.38	3.78	3.91	4.6	4.93	3.08	2.88	1.93
EV/Sales High	- -	- -	- -	- -	2.24	2.62	3.39	5.87	4.27	4.36	4.93	6.02	3.7	3.27	2.41
EV/Sales Low	- -	- -	- -	- -	1.69	1.82	2.25	3	3.12	3.39	4.31	4.01	2.6	2.48	1.49
EV/EBITDA Average	- -	- -	- -	- -	16.15	15.27	15.44	15.95	16.79	18.71	25.21	- -	18.88	30.31	32.28
EV/EBITDA High	- -	- -	- -	- -	18.51	17.22	17.61	27.66	18.95	20.88	27.03	- -	22.64	34.39	40.23
EV/EBITDA Low	- -	- -	- -	- -	13.93	12	11.71	14.12	13.83	16.24	23.61	- -	15.92	26.13	24.81
EV/EBIT Average	- -	- -	- -	- -	43.44	31.66	24.43	23.72	24.26	28.23	41.41	- -	45.17	2,189.08	- -
EV/EBIT High	- -	- -	- -	- -	49.8	35.71	27.87	41.12	27.38	31.51	44.38	- -	54.16	2,483.55	- -
EV/EBIT Low	- -	- -	- -	- -	37.46	24.88	18.52	21	19.99	24.51	38.78	- -	38.08	1,886.72	- -
Last Price	- -	- -	- -	- -	38.56	44.33	65.21	65.63	84.35	79.61	87.73	51.19	38.97	28.96	19.13
High Price	- -	- -	- -	- -	42.35	49.46	66.09	123.72	90.62	94.69	88.75	89.27	53.56	45.06	37.5
Enterprise Value Average	- -	- -	- -	- -	19,503	23,585	31,464	37,567	42,992	45,626	55,898	49,587	31,932	30,647	21,726
Enterprise Value High	- -	- -	- -	- -	22,359	26,605	35,895	65,136	48,522	50,924	59,920	60,576	38,288	34,770	27,072
Enterprise Value Low	- -	- -	- -	- -	16,822	18,538	23,856	33,261	35,417	39,616	52,347	40,354	26,919	26,414	16,700

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	561	546	543	542	548	539	541	513	506	505	502	504	508	511	514
Diluted Weighted Avg Shares	573	556	549	547	549	551	555	546	519	517	508	504	506	510	513
Basic Weighted Avg Shares	569	551	543	542	545	546	543	534	509	509	502	504	506	510	513
Revenue per Share	24.42	25.29	17.34	19.78	18.29	18.61	19.49	20.78	22.32	22.93	24.2	19.95	20.47	20.85	21.92
EBITDA per Share	6.36	6.41	2.08	2.67	2.22	2.83	3.75	4.41	5.03	4.79	4.42	-3.52	3.34	1.98	1.31
Operating Income per Share	5.18	5.03	0.91	1.21	0.82	1.36	2.37	2.97	3.48	3.14	2.68	-0.07	1.4	0.86	0.35
Basic EPS, GAAP	3.91	4.22	3.71	4.61	1.78	9.09	1.11	2.9	1.97	2.17	2.56	-4.83	5.25	-1.27	-1.87
Basic EPS from Cont Ops	3.96	4.14	0.58	0.84	0.72	9.1	1.12	2.91	1.99	2.18	2.06	-6.18	0.36	-0.64	-1.75
Diluted EPS, GAAP	3.88	4.18	3.66	4.56	1.76	9.01	1.08	2.83	1.93	2.13	2.53	-4.83	5.25	-1.27	-1.87
Diluted EPS from Cont Ops	3.94	4.11	0.57	0.84	0.72	9.01	1.1	2.84	1.95	2.15	2.03	-6.18	0.36	-0.64	-1.75
Dividend per Share	1.25	1.46	1.88	2.02	1.67	0.49	0.58	0.7	0.83	0.93	1.06	1.14	1.16	1.16	0.68
Cash Flow per Share	4.95	5.64	5.89	5.93	3.25	3.03	3.16	3.78	4.13	3.67	4.43	2.4	3.41	2	1.65
Free Cash Flow per Basic Share	4.95	5.64	5.89	5.93	3.25	3.03	3.16	3.78	4.13	3.67	4.43	1.89	3.4	1.97	1.63
Cash & Equivalents per Share	5.18	5.99	5.03	5.39	13.44	5.2	6.27	3.58	6.59	7.39	5.88	3.41	6.06	3.45	3.82
Book Value per Share	11.74	12.7	15.58	14.97	16.15	15.39	16.85	15.29	15.57	17.21	18.1	11.56	16.55	13.63	11.92
Tangible Book Value per Share	6.14	6.63	3.62	6.59	8.78	8.51	8.59	6.69	6.68	7.53	-17.05	-14.69	-6.52	-6.92	-6.16