Texas Instruments Incorporated Financial Ratios — TII 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 (%)	20.91	16.05	19.86	26.62	29.37	35.21	35.39	57.73	56.05	61.84	69	62.69	41.37	28.4	30.15
Return on Assets (%)	13.19	8.68	11.1	15.54	17.77	22.01	21.61	32.09	28.54	29.94	35.29	33.73	21.86	14.14	14.27
Return on Capital (%)	16.81	11.06	13.72	18.65	20.97	25.96	26.17	39.92	35.59	36.99	42.08	39.92	26.52	17.9	18.01
Return on Invested Capital (%)	16.62	10.69	13.52	18.46	20.94	25.02	25.69	39.07	34.39	34.95	41.16	39.25	24.86	16.33	17.29
Gross Margin (%)	49.3	49.65	52.14	56.93	58.27	61.76	64.26	65.11	63.71	64.1	67.47	68.76	62.9	58.14	57.02
EBITDA Margin (%)	29.85	26.31	33.83	39.69	41.96	43.46	46.7	48.57	47.09	47.62	54.04	55.52	48.91	45.04	45.37
Operating Margin (%)	24.89	20.95	24.45	32.4	35.23	38.59	42.86	44.56	41.54	42.29	49.91	51.91	41.85	34.15	34.72
Incremental Operating Margin (%)	425.97	80.44	- -	147.86	- -	156.49	78.76	75.58	75.59	180.77	78.29	73.69	122.2	105.96	39.15
Pretax Margin (%)	21.51	15.09	22.56	29.7	32.43	36.87	40.64	42.36	39.82	41.61	48.62	50.09	42.34	34.86	32.29
Profit Margin (%)	16.28	13.72	17.71	21.63	22.97	26.89	24.61	35.35	34.88	38.69	42.35	43.68	37.16	30.68	28.28
Net Income to Common Margin (%)	16.28	13.72	17.71	21.63	22.97	26.89	24.61	35.35	34.88	38.69	42.35	43.68	37.16	30.68	28.28
Effective Tax Rate (%)	24.33	9.1	21.5	27.18	29.17	27.08	39.44	16.54	12.41	7.01	12.89	12.79	12.24	11.99	12.42
Dvd Payout Ratio (%)	28.8	46.56	54.35	46.9	48.36	45.79	57.14	45.79	59.96	61.23	50.02	49.11	70	99.92	99.96
Sustainable Growth Rate (%)	14.89	8.58	9.07	14.13	15.17	19.09	15.17	31.3	22.45	23.97	34.48	31.9	12.41	0.02	0.01

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	5,592	5,686	5,158	4,631	4,120	3,609	4,077	5,068	6,062	7,047	8,124	8,735	11,223	13,596	14,048
ST Debt	1,381	1,500	1,000	1,001	1,000	631	500	749	500	550	500	500	599	750	500
LT Debt	4,211	4,186	4,158	3,630	3,120	2,978	3,577	4,319	5,562	6,497	7,624	8,235	10,624	12,846	13,548
Total Debt/EBITDA	1.36	1.69	1.25	0.89	0.76	0.62	0.58	0.66	0.9	1.02	0.82	0.79	1.31	1.93	1.75
Net Debt/EBITDA	1.12	1.27	0.86	0.66	0.57	0.42	0.35	0.34	0.5	0.54	0.31	0.51	0.96	1.48	1.35
Total Debt/EBIT	1.87	2.88	1.82	1.17	0.95	0.74	0.67	0.75	1.06	1.2	0.91	0.86	1.53	2.49	2.33
Net Debt/EBIT	1.54	2.16	1.25	0.87	0.72	0.51	0.4	0.39	0.59	0.63	0.35	0.56	1.13	1.9	1.8
EBITDA to Interest Expense	97.62	39.69	43.46	55.07	60.61	72.63	89.58	61.34	39.84	36.24	53.88	51.96	24.27	13.87	14.77
EBITDA-CapEx/Interest Expense	78.19	33.87	43.46	55.07	60.61	72.63	89.58	61.34	39.84	36.24	53.88	51.96	24.27	13.87	14.77
EBIT to Interest Expense	81.4	31.61	31.41	44.96	50.89	64.49	82.21	56.27	35.15	32.19	49.76	48.58	20.77	10.51	11.31
Interest Expense	42	85	95	94	90	80	78	125	170	190	184	214	353	508	543
Common Equity/Total Assets	53.43	54.75	57.07	59.81	61.28	63.74	58.59	52.48	49.43	47.48	54.03	53.58	52.24	47.6	47.05
Long-Term Debt/Equity (%)	38.45	38.19	38.48	34.94	31.37	28.44	34.6	48.02	62.45	70.72	57.18	56.49	62.88	76	83.25
Long-Term Debt/Capital (%)	25.45	25.15	26.04	24.17	22.18	21.15	24.82	30.71	37.16	40.02	35.53	35.33	37.78	42.12	44.68
Long-Term Debt/Total Assets (%)	20.54	20.91	21.96	20.9	19.22	18.12	20.28	25.2	30.87	33.57	30.9	30.27	32.84	36.18	39.17
Total Debt/Equity (%)	51.06	51.87	47.73	44.57	41.42	34.46	39.44	56.35	68.06	76.71	60.93	59.92	66.42	80.44	86.33
Total Debt/Capital (%)	33.8	34.16	32.31	30.83	29.29	25.63	28.29	36.04	40.5	43.41	37.86	37.47	39.91	44.58	46.33
Total Debt/Total Assets (%)	27.28	28.4	27.24	26.66	25.39	21.96	23.11	29.57	33.64	36.42	32.92	32.11	34.69	38.29	40.62
Net Debt to Equity	42	38.96	32.67	33.03	31.37	23.44	23.42	29.24	37.79	40.18	23.33	39	48.88	61.5	66.51
Net Debt/Capital (%)	29.58	28.03	24.63	24.83	23.88	18.99	18.98	22.63	26.86	28.12	18.48	28.06	32.83	38.08	39.94
EBITDA	4,100	3,374	4,129	5,177	5,455	5,810	6,987	7,667	6,773	6,886	9,914	11,119	8,569	7,045	8,022
EBITDA-CapEx	3,284	2,879	4,129	5,177	5,455	5,810	6,987	7,667	6,773	6,886	9,914	11,119	8,569	7,045	8,022
Operating Income (Loss)	3,419	2,687	2,984	4,226	4,580	5,159	6,412	7,034	5,975	6,116	9,156	10,397	7,331	5,341	6,140

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	0.84	1.16	1.39	1.33	1.26	1.54	1.98	1.71	2.54	2.75	3.79	3.04	2.58	2.08	1.55
Current Ratio	2.24	2.4	2.92	2.79	2.77	3.29	3.87	3.27	4.13	4.28	5.33	4.7	4.55	4.12	4.35
Quick Ratio	1.28	1.51	1.83	1.8	1.72	2.1	2.55	2.2	3.04	3.34	4.45	3.67	3.12	2.55	2.17
CFO/Avg Current Liab	1.19	0.99	1.1	1.5	1.69	1.91	2.37	3.04	2.89	2.72	3.53	3.14	2.04	1.81	2.1
Common Equity/Total Assets	53.43	54.75	57.07	59.81	61.28	63.74	58.59	52.48	49.43	47.48	54.03	53.58	52.24	47.6	47.05
Long-Term Debt/Equity (%)	38.45	38.19	38.48	34.94	31.37	28.44	34.6	48.02	62.45	70.72	57.18	56.49	62.88	76	83.25
Long-Term Debt/Capital (%)	25.45	25.15	26.04	24.17	22.18	21.15	24.82	30.71	37.16	40.02	35.53	35.33	37.78	42.12	44.68
Long-Term Debt/Total Assets (%)	20.54	20.91	21.96	20.9	19.22	18.12	20.28	25.2	30.87	33.57	30.9	30.27	32.84	36.18	39.17
Total Debt/Equity (%)	51.06	51.87	47.73	44.57	41.42	34.46	39.44	56.35	68.06	76.71	60.93	59.92	66.42	80.44	86.33
Total Debt/Capital (%)	33.8	34.16	32.31	30.83	29.29	25.63	28.29	36.04	40.5	43.41	37.86	37.47	39.91	44.58	46.33
Total Debt/Total Assets (%)	27.28	28.4	27.24	26.66	25.39	21.96	23.11	29.57	33.64	36.42	32.92	32.11	34.69	38.29	40.62
CFO/Total Liabilities	34.11	37.68	41.62	58.06	69.97	77.44	73.42	88.28	72.98	60.4	77.19	69.04	41.55	33.96	39.06
CFO/CapEx	3.99	6.9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	13.03	15.15	16.05	14.69	15.28	15.73	15.55	13.18	10.69	9.47	9.32

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	8.97	9.24	10.03	10.65	10.78	11	11.76	12.7	12.61	11.62	11.78	11.14	9.52	8.92	9.6
Days Sales Outstanding	40.7	39.49	36.38	34.26	33.85	33.2	31.04	28.73	28.94	31.4	30.99	32.77	38.36	40.91	38
Inventory Turnover	4.21	3.64	3.35	3.2	3.12	2.94	2.85	2.64	2.47	2.62	3.09	2.68	1.92	1.54	1.63
Days Inventory Outstanding	86.7	100.2	108.98	114.18	116.9	124.25	127.89	138.32	147.5	139.05	118.19	136.12	189.69	237.67	224.1
Accounts Payable Turnover	11.61	12.02	13.43	13.2	12.96	13.33	12.79	12.22	11.55	12.82	12.01	9.99	9.37	8.72	9.99
Accounts Payable Turnover Days	31.45	30.36	27.18	27.64	28.17	27.38	28.53	29.87	31.59	28.48	30.38	36.53	38.97	41.84	36.52
Cash Conversion Cycle	95.95	109.32	118.18	120.8	122.58	130.06	130.4	137.18	144.85	141.98	118.8	132.36	189.08	236.73	225.58
Inventory to Cash Days	-46	-60.71	-72.6	-79.92	-83.05	-91.05	-96.85	-109.59	-118.55	-107.66	-87.2	-103.36	-151.33	-196.76	-186.09
Inventories	1,788	1,757	1,731	1,784	1,691	1,790	1,957	2,217	2,001	1,955	1,910	2,757	3,999	4,527	4,804
Raw Materials	115	116	102	101	109	102	126	181	176	180	245	353	420	395	465
Work In Process	1,004	935	919	896	846	954	1,089	1,070	916	964	1,067	1,546	2,109	2,214	2,372
Finished Goods	669	706	710	787	736	734	742	966	909	811	598	858	1,470	1,918	1,967
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	- -	- -	- -	- -	57,569	73,839	103,356	88,143	119,712	149,124	176,007	149,380	155,571	173,213	158,531
- Cash & Cash Equivalents	992	1,416	1,627	1,199	1,000	1,154	1,656	2,438	2,437	3,107	4,631	3,050	2,964	3,200	3,225
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	5,592	5,686	5,158	4,631	4,120	3,609	4,077	5,068	6,062	7,047	8,124	8,735	11,223	13,596	14,048
Enterprise Value	- -	- -	- -	- -	58,471	73,958	102,964	88,978	120,387	149,603	174,392	149,048	158,219	179,229	167,698
Total Capital	16,544	16,647	15,965	15,021	14,066	14,082	14,414	14,062	14,969	16,234	21,457	23,312	28,120	30,499	30,321
Total Debt/Capital (%)	33.8	34.16	32.31	30.83	29.29	25.63	28.29	36.04	40.5	43.41	37.86	37.47	39.91	44.58	46.33
Total Debt / EV	- -	- -	- -	- -	0.07	0.05	0.04	0.06	0.05	0.05	0.05	0.06	0.07	0.08	0.08
EV/Sales	- -	- -	- -	- -	4.5	5.53	6.88	5.64	8.37	10.35	9.51	7.44	9.03	11.46	9.48
EV/EBITDA	- -	- -	- -	- -	10.72	12.73	14.74	11.61	17.77	21.73	17.59	13.4	18.46	25.44	20.9
EV/EBIT	- -	- -	- -	- -	13.53	15.23	16.93	13.25	21.04	25.38	19.46	14.7	21.58	32.8	27.84
EV/Cash Flow to Firm	- -	- -	- -	- -	13.11	15.83	19.03	12.2	17.71	23.69	19.56	16.73	23.51	26.49	21.98
EV/Free Cash Flow to Firm	- -	- -	- -	- -	13.11	15.83	19.03	12.2	17.71	23.69	19.56	16.73	23.51	26.49	21.98
Diluted Market Cap	- -	- -	- -	- -	59,375	75,693	106,388	92,326	122,277	151,337	178,293	152,677	156,769	174,692	159,579
Diluted Enterprise Value	- -	- -	- -	- -	60,277	75,812	105,996	93,161	122,952	151,816	176,678	152,345	159,417	180,708	168,746
EV per Share	- -	- -	- -	- -	57.82	74.26	104.73	94.14	129.17	162.73	188.74	164.51	174.06	196.69	184.89
TTM Sales	13,735	12,825	12,205	13,045	13,000	13,370	14,961	15,784	14,383	14,461	18,344	20,028	17,519	15,641	17,682
TTM EBITDA	4,100	3,374	4,129	5,177	5,455	5,810	6,987	7,667	6,773	6,886	9,914	11,119	8,569	7,045	8,022
TTM Operating Income	3,419	2,687	2,984	4,226	4,580	5,159	6,412	7,034	5,975	6,116	9,156	10,397	7,331	5,341	6,140
TTM Cash Flow to Firm	3,288	3,491	3,459	4,122	4,461	4,672	5,410	7,293	6,798	6,316	8,916	8,907	6,730	6,765	7,629
TTM Free Cash Flow to Firm	2,472	2,996	3,459	4,122	4,461	4,672	5,410	7,293	6,798	6,316	8,916	8,907	6,730	6,765	7,629

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	- -	- -	- -	- -	13.5	16.41	19.84	12.84	18.39	24.65	20.36	17.51	24.42	27.65	22.31
EV/EBIT	- -	- -	- -	- -	13.53	15.23	16.93	13.25	21.04	25.38	19.46	14.7	21.58	32.8	27.84
Enterprise Value	- -	- -	- -	- -	58,471	73,958	102,964	88,978	120,387	149,603	174,392	149,048	158,219	179,229	167,698
Low Price	- -	- -	- -	- -	43.34	47.05	71.87	89.3	89.71	92.59	160.91	147.1	138.1	156.91	141.95
EV/Sales	- -	- -	- -	- -	4.5	5.53	6.88	5.64	8.37	10.35	9.51	7.44	9.03	11.46	9.48
EV/EBITDA	- -	- -	- -	- -	10.72	12.73	14.74	11.61	17.77	21.73	17.59	13.4	18.46	25.44	20.9
Price/Earnings	- -	- -	- -	- -	19.28	20.54	28.29	16.21	23.96	26.7	22.63	17.26	23.87	36.12	31.77
Price/Earnings Average	- -	- -	- -	- -	18.25	17.41	22.56	18.42	21.47	21.71	22.05	17.74	23.44	35.77	33.3
Price/Earnings High	- -	- -	- -	- -	20.36	20.68	28.29	20.85	24.58	27.38	23.9	20.03	26.06	41.63	40.13
Price/Earnings Low	- -	- -	- -	- -	14.68	13.03	19.34	15.52	16.74	15.24	19.12	15.4	19.26	29.82	25.8
Price/Book Value	- -	- -	- -	- -	5.79	7.05	10	9.8	13.44	16.23	13.2	10.25	9.21	10.25	9.74
Price/Book Value Average	- -	- -	- -	- -	5.48	5.98	7.97	11.14	12.04	13.2	12.86	10.53	9.04	10.15	10.21
Price/Book Value High	- -	- -	- -	- -	6.11	7.1	10	12.6	13.79	16.64	13.94	11.89	10.05	11.81	12.31
Price/Book Value Low	- -	- -	- -	- -	4.41	4.47	6.84	9.38	9.39	9.27	11.15	9.14	7.43	8.46	7.91
Price/Tangible Book Value	- -	- -	- -	- -	14.56	15.4	21.01	22.51	28.94	31.71	19.81	14.84	12.64	14.1	13.54
Price/Tangible Book Value Average	- -	- -	- -	- -	13.78	13.06	16.75	25.58	25.93	25.78	19.3	15.25	12.41	13.96	14.2
Price/Tangible Book Value High	- -	- -	- -	- -	15.37	15.51	21.01	28.96	29.7	32.51	20.92	17.23	13.8	16.25	17.11
Price/Tangible Book Value Low	- -	- -	- -	- -	11.08	9.77	14.37	21.56	20.21	18.1	16.73	13.24	10.2	11.64	11
Price/Sales	- -	- -	- -	- -	4.43	5.52	6.96	5.73	8.36	10.33	9.58	7.54	8.87	11.08	8.99
Price/Sales Average	- -	- -	- -	- -	4.19	4.68	5.55	6.51	7.49	8.4	9.34	7.75	8.71	10.97	9.42
Price/Sales High	- -	- -	- -	- -	4.68	5.56	6.96	7.37	8.58	10.59	10.12	8.75	9.68	12.77	11.35
Price/Sales Low	- -	- -	- -	- -	3.37	3.5	4.76	5.49	5.84	5.9	8.1	6.73	7.16	9.15	7.3
Price/Cash Flow	- -	- -	- -	- -	13.09	16	19.43	12.58	18.08	24.33	20.08	17.32	24.21	27.44	22.21
Price/Cash Flow Average	- -	- -	- -	- -	12.39	13.57	15.49	14.3	16.2	19.79	19.57	17.8	23.77	27.17	23.28
Price/Cash Flow High	- -	- -	- -	- -	13.82	16.11	19.43	16.18	18.55	24.95	21.21	20.1	26.43	31.62	28.06
Price/Cash Flow Low	- -	- -	- -	- -	9.97	10.16	13.28	12.05	12.63	13.89	16.96	15.45	19.53	22.65	18.04
Price/Free Cash Flow Average	- -	- -	- -	- -	12.78	13.91	15.81	14.59	16.48	20.04	19.84	17.99	23.98	27.38	23.39
Price/Free Cash Flow High	- -	- -	- -	- -	14.26	16.52	19.84	16.52	18.87	25.28	21.51	20.32	26.66	31.87	28.18
Price/Free Cash Flow Low	- -	- -	- -	- -	10.28	10.41	13.56	12.3	12.84	14.07	17.2	15.62	19.7	22.82	18.12
EV/Sales Average	- -	- -	- -	- -	4.26	4.69	5.48	6.4	7.5	8.42	9.26	7.65	8.87	11.35	9.92
EV/Sales High	- -	- -	- -	- -	4.74	5.57	6.88	7.23	8.59	10.61	10.05	8.64	9.85	13.15	11.84
EV/Sales Low	- -	- -	- -	- -	3.44	3.51	4.7	5.4	5.86	5.92	8.02	6.64	7.32	9.53	7.8
EV/EBITDA Average	- -	- -	- -	- -	10.15	10.79	11.74	13.17	15.94	17.68	17.14	13.78	18.13	25.2	21.86
EV/EBITDA High	- -	- -	- -	- -	11.31	12.82	14.74	14.89	18.23	22.27	18.59	15.56	20.13	29.19	26.11
EV/EBITDA Low	- -	- -	- -	- -	8.2	8.09	10.06	11.12	12.44	12.43	14.83	11.96	14.96	21.15	17.19
EV/EBIT Average	- -	- -	- -	- -	12.82	12.92	13.48	15.04	18.86	20.65	18.96	15.11	21.2	32.48	29.11
EV/EBIT High	- -	- -	- -	- -	14.27	15.34	16.93	17.01	21.58	26.02	20.57	17.06	23.53	37.63	34.77
EV/EBIT Low	- -	- -	- -	- -	10.35	9.68	11.55	12.7	14.73	14.52	16.41	13.11	17.49	27.26	22.9
Last Price	- -	- -	- -	- -	56.93	74.14	105.13	93.26	128.44	162.2	190.48	164.88	171.14	190.09	174.79
High Price	- -	- -	- -	- -	60.11	74.65	105.13	119.94	131.78	166.31	201.19	191.34	186.85	219.07	220.79
Enterprise Value Average	- -	- -	- -	- -	55,388	62,719	82,001	100,986	107,931	121,733	169,904	153,168	155,395	177,520	175,353
Enterprise Value High	- -	- -	- -	- -	61,684	74,468	102,964	114,197	123,494	153,378	184,283	173,021	172,495	205,638	209,420
Enterprise Value Low	- -	- -	- -	- -	44,731	46,977	70,271	85,233	84,284	85,599	147,064	132,938	128,184	148,991	137,915

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	1,139	1,108	1,083	1,047	1,011	996	983	945	932	919	924	906	909	911	907
Diluted Weighted Avg Shares	1,171	1,146	1,113	1,080	1,043	1,021	1,012	990	952	933	936	926	916	919	913
Basic Weighted Avg Shares	1,151	1,132	1,098	1,047	1,011	996	991	970	936	921	923	916	908	912	909
Revenue per Share	11.93	11.33	11.12	12.46	12.86	13.42	15.1	16.27	15.37	15.7	19.87	21.86	19.29	17.15	19.45
EBITDA per Share	3.56	2.98	3.76	4.95	5.39	5.83	7.05	7.9	7.24	7.48	10.74	12.14	9.44	7.72	8.83
Operating Income per Share	2.97	2.37	2.72	4.04	4.53	5.18	6.47	7.25	6.38	6.64	9.92	11.35	8.07	5.86	6.75
Basic EPS, GAAP	1.94	1.55	1.97	2.7	2.95	3.61	3.72	5.75	5.36	6.07	8.42	9.55	7.17	5.26	5.5
Basic EPS from Cont Ops	1.94	1.55	1.97	2.7	2.95	3.61	3.72	5.75	5.36	6.07	8.42	9.55	7.17	5.26	5.5
Diluted EPS, GAAP	1.91	1.53	1.94	2.61	2.86	3.52	3.64	5.64	5.27	6	8.3	9.45	7.11	5.22	5.48
Diluted EPS from Cont Ops	1.91	1.53	1.94	2.61	2.86	3.52	3.64	5.64	5.27	6	8.3	9.45	7.11	5.22	5.48
Dividend per Share	0.56	0.72	1.07	1.26	1.43	1.65	2.12	2.63	3.21	3.72	4.21	4.69	5.02	5.26	5.5
Cash Flow per Share	2.83	3.02	3.08	3.87	4.35	4.63	5.41	7.41	7.1	6.67	9.49	9.52	7.07	6.93	7.87
Free Cash Flow per Basic Share	2.12	2.58	3.08	3.87	4.35	4.63	5.41	7.41	7.1	6.67	9.49	9.52	7.07	6.93	7.87
Cash & Equivalents per Share	2.58	3.58	3.54	3.38	3.18	3.5	4.55	4.48	5.78	7.14	10.54	10.01	9.43	8.32	5.38
Book Value per Share	9.61	9.89	9.98	9.93	9.84	10.52	10.51	9.52	9.56	9.99	14.43	16.09	18.59	18.55	17.94
Tangible Book Value per Share	2.98	3.52	3.79	3.86	3.91	4.81	5	4.14	4.44	5.12	9.62	11.11	13.54	13.48	12.91