IDACORP, Inc. Financial Ratios — IDA 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 (%)	10.66	10.18	10.16	10.17	9.71	9.42	9.64	9.81	9.63	9.45	9.39	9.46	9.14	9.27	9.37
Return on Assets (%)	3.53	3.38	3.42	3.5	3.32	3.22	3.44	3.65	3.58	3.46	3.43	3.51	3.26	3.26	3.32
Return on Capital (%)	- -	7.16	6.99	7.5	7.06	6.92	7.06	7.45	7.29	7.1	6.94	6.95	6.81	6.87	- -
Return on Invested Capital (%)	- -	6.18	6.06	6.55	6.16	6.18	6.47	6.7	6.32	6.21	6.19	5.89	5.28	5.13	- -
Gross Margin (%)	19.21	26.38	27	23.37	25.98	24.99	26.28	21.84	22.36	23.11	22.79	20.08	17.94	18.17	19.79
EBITDA Margin (%)	27.27	34.35	34.14	30.47	33.43	34.14	35.68	34	35.07	35.94	34.92	30.46	29.06	30.43	33.78
Operating Margin (%)	15.13	22.45	23.41	19.78	22.21	22.47	23.38	21.66	22.16	22.92	22.61	19.9	17.75	17.95	19.52
Incremental Operating Margin (%)	393.17	161.86	29.68	- -	- -	- -	36.54	- -	- -	257.59	18.75	- -	- -	23.83	- -
Pretax Margin (%)	12.25	19.15	20.42	16.41	18.91	18.58	19.4	17.87	19.15	19.74	19.39	18.09	16.37	16.7	17.12
Profit Margin (%)	16.56	16.01	14.64	15.09	15.33	15.71	15.74	16.55	17.29	17.58	16.84	15.75	14.79	15.83	17.84
Net Income to Common Margin (%)	16.56	16.01	14.64	15.09	15.33	15.71	15.74	16.55	17.29	17.58	16.84	15.75	14.79	15.83	17.84
Effective Tax Rate (%)	- -	16.33	28.38	7.97	19.05	15.53	18.58	7.1	9.5	10.76	13.05	12.72	9.44	4.94	- -
Dvd Payout Ratio (%)	35.03	39.76	43.27	45.61	49.83	53.05	52.87	53.2	55.46	57.78	59.35	59.31	62.28	60.73	58.03
Sustainable Growth Rate (%)	6.92	6.13	5.76	5.53	4.87	4.42	4.54	4.59	4.29	3.99	3.82	3.85	3.45	3.64	3.93

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	1,543	1,607	1,671	1,631	1,746	1,767	1,746	1,835	1,837	2,000	2,001	2,194	2,826	3,074	3,664
ST Debt	155	141	56	32	21	23	- -	- -	100	- -	- -	- -	50	20	116
LT Debt	1,388	1,467	1,615	1,599	1,725	1,745	1,746	1,835	1,737	2,000	2,001	2,194	2,776	3,054	3,548
Total Debt/EBITDA	5.51	4.33	3.93	4.17	4.11	4.1	3.63	3.94	3.89	4.12	3.93	4.38	5.5	5.53	5.98
Net Debt/EBITDA	5.41	4.26	3.74	4.03	3.84	3.96	3.47	3.36	3.43	3.55	3.51	4.03	4.87	4.87	5.28
Total Debt/EBIT	9.93	6.63	5.73	6.43	6.19	6.23	5.53	6.18	6.16	6.46	6.07	6.71	9.01	9.38	10.35
Net Debt/EBIT	9.75	6.52	5.46	6.2	5.78	6.02	5.29	5.28	5.43	5.57	5.42	6.16	7.97	8.25	9.13
EBITDA to Interest Expense	3.91	5.03	5.25	4.9	5.18	5.25	5.75	5.42	5.46	5.55	5.87	5.6	4.41	4.09	3.64
EBITDA-CapEx/Interest Expense	-0.81	1.78	2.21	1.46	1.59	1.63	2.34	2.19	2.24	2	2.41	0.76	-0.84	-3.34	-3.37
EBIT to Interest Expense	2.17	3.28	3.6	3.18	3.44	3.46	3.77	3.45	3.45	3.54	3.8	3.66	2.69	2.41	2.1
Interest Expense	72	74	81	80	82	82	84	86	86	87	87	89	116	136	168
Common Equity/Total Assets	33.42	32.92	34.5	34.26	34.17	34.24	37.24	37.14	37.11	36.08	37.01	37.22	34.3	36.05	34.93
Long-Term Debt/Equity (%)	83.5	84	87.09	81.66	83.67	80.85	77.4	77.23	70.29	77.94	74.78	77.96	95.23	91.49	99.14
Long-Term Debt/Capital (%)	43.3	43.74	45.81	44.55	45.3	44.44	43.63	43.58	40.32	43.8	42.79	43.81	48.36	47.63	48.98
Long-Term Debt/Total Assets (%)	27.97	27.72	30.11	28.04	28.65	27.74	28.88	28.75	26.15	28.19	27.75	29.09	32.75	33.05	34.7
Total Debt/Equity (%)	92.85	92.06	90.1	83.32	84.7	81.91	77.4	77.23	74.34	77.94	74.78	77.96	96.94	92.08	102.38
Total Debt/Capital (%)	48.15	47.93	47.4	45.45	45.86	45.03	43.63	43.58	42.64	43.8	42.79	43.81	49.22	47.94	50.59
Total Debt/Total Assets (%)	31.1	30.38	31.15	28.61	29	28.1	28.88	28.75	27.66	28.19	27.75	29.09	33.34	33.27	35.83
Net Debt to Equity	91.17	90.54	85.88	80.42	79.13	79.06	74	65.97	65.55	67.22	66.74	71.65	85.71	81.03	90.3
Net Debt/Capital (%)	47.69	47.52	46.2	44.57	44.17	44.15	42.53	39.75	39.59	40.2	40.03	41.74	46.15	44.76	45.99
EBITDA	280	371	426	391	425	431	481	466	472	485	509	501	513	556	612
EBITDA-CapEx	-58	131	179	117	131	134	196	188	193	175	209	68	-98	-453	-567
Operating Income (Loss)	155	243	292	254	282	284	316	297	298	310	330	327	313	328	354

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	0.08	0.08	0.31	0.23	0.47	0.25	0.38	1.03	0.58	1.04	0.66	0.32	0.52	0.53	0.24
Current Ratio	0.84	1.05	1.9	1.83	1.91	1.76	2.21	2.31	1.51	2.23	1.83	1.26	1.58	1.41	0.93
Quick Ratio	0.41	0.48	1.02	0.91	1.14	0.97	1.32	1.65	1	1.6	1.22	0.8	0.94	0.89	0.49
CFO/Avg Current Liab	0.76	0.69	1.02	1.48	1.46	1.4	1.93	2.14	1.16	1.17	1.18	0.8	0.45	0.89	0.75
Common Equity/Total Assets	33.42	32.92	34.5	34.26	34.17	34.24	37.24	37.14	37.11	36.08	37.01	37.22	34.3	36.05	34.93
Long-Term Debt/Equity (%)	83.5	84	87.09	81.66	83.67	80.85	77.4	77.23	70.29	77.94	74.78	77.96	95.23	91.49	99.14
Long-Term Debt/Capital (%)	43.3	43.74	45.81	44.55	45.3	44.44	43.63	43.58	40.32	43.8	42.79	43.81	48.36	47.63	48.98
Long-Term Debt/Total Assets (%)	27.97	27.72	30.11	28.04	28.65	27.74	28.88	28.75	26.15	28.19	27.75	29.09	32.75	33.05	34.7
Total Debt/Equity (%)	92.85	92.06	90.1	83.32	84.7	81.91	77.4	77.23	74.34	77.94	74.78	77.96	96.94	92.08	102.38
Total Debt/Capital (%)	48.15	47.93	47.4	45.45	45.86	45.03	43.63	43.58	42.64	43.8	42.79	43.81	49.22	47.94	50.59
Total Debt/Total Assets (%)	31.1	30.38	31.15	28.61	29	28.1	28.88	28.75	27.66	28.19	27.75	29.09	33.34	33.27	35.83
CFO/Total Liabilities	9.4	7.03	8.71	9.73	8.92	8.33	11.48	12.27	8.79	8.57	8.01	7.43	4.8	10.07	9.05
CFO/CapEx	0.92	1.04	1.24	1.33	1.2	1.16	1.52	1.77	1.32	1.25	1.21	0.81	0.44	0.59	0.51
Altman's Z-Score	0.92	0.97	1.18	1.23	1.21	1.27	1.5	1.47	1.5	1.38	1.51	1.44	1.26	1.28	1.22

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	14.82	16.32	15.2	14.5	16.65	17.4	18.38	17.99	17.97	18.57	19.23	17.04	15.95	16.45	17.06
Days Sales Outstanding	24.63	22.36	24.01	25.18	21.92	20.98	19.85	20.29	20.31	19.66	18.98	21.42	22.88	22.19	21.4
Inventory Turnover	9.9	8.47	9.65	9.55	8.2	8.22	8.88	9.95	9.63	9.86	11.72	12.96	10.83	7.38	6.17
Days Inventory Outstanding	36.85	43.08	37.84	38.21	44.51	44.4	41.08	36.68	37.9	37.02	31.15	28.17	33.7	49.47	59.12
Accounts Payable Turnover	9.2	9.24	10.03	11.04	10.26	9.31	10.14	10.56	9.54	8.83	8.44	6.04	5	5.13	4.4
Accounts Payable Turnover Days	39.66	39.49	36.38	33.06	35.57	39.19	36.01	34.56	38.28	41.35	43.25	60.4	73.01	71.15	82.87
Cash Conversion Cycle	21.82	25.95	25.48	30.33	30.86	26.19	24.92	22.42	19.94	15.34	6.89	-10.81	-16.43	0.5	-2.36
Inventory to Cash Days	-12.22	-20.72	-13.82	-13.03	-22.59	-23.42	-21.23	-16.39	-17.59	-17.37	-12.17	-6.75	-10.83	-27.28	-37.72
Inventories	94	93	95	111	119	112	112	103	114	97	96	107	160	245	226
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	94	93	95	111	119	112	112	103	114	97	96	107	160	245	226

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	2,118	2,174	2,604	3,327	3,423	4,059	4,604	4,690	5,383	4,846	5,724	5,453	4,976	5,897	6,943
- Cash & Cash Equivalents	28	27	78	57	115	61	77	267	217	275	215	178	327	369	216
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	4	4	4	4	4	4	5	5	6	6	7	7	7	7	7
+ Total Debt	1,543	1,607	1,671	1,631	1,746	1,767	1,746	1,835	1,837	2,000	2,001	2,194	2,826	3,074	3,664
Enterprise Value	3,638	3,759	4,201	4,906	5,059	5,769	6,278	6,262	7,008	6,553	7,516	7,477	7,482	8,609	10,398
Total Capital	3,205	3,353	3,526	3,589	3,809	3,925	4,002	4,211	4,307	4,567	4,676	5,009	5,740	6,412	7,243
Total Debt/Capital (%)	48.15	47.93	47.4	45.45	45.86	45.03	43.63	43.58	42.64	43.8	42.79	43.81	49.22	47.94	50.59
Total Debt / EV	0.42	0.43	0.4	0.33	0.35	0.31	0.28	0.29	0.26	0.31	0.27	0.29	0.38	0.36	0.35
EV/Sales	3.54	3.48	3.37	3.83	3.98	4.57	4.65	4.57	5.2	4.85	5.15	4.55	4.24	4.71	5.74
EV/EBITDA	12.99	10.13	9.87	12.55	11.91	13.39	13.04	13.44	14.84	13.5	14.76	14.93	14.57	15.49	16.98
EV/EBIT	23.41	15.5	14.4	19.34	17.93	20.34	19.9	21.09	23.49	21.17	22.8	22.85	23.87	26.26	29.38
EV/Cash Flow to Firm	- -	12.09	11.55	11.21	12.06	13.95	12.47	10.96	15.75	14.06	17.13	17.42	20.09	11.9	- -
EV/Free Cash Flow to Firm	- -	52.74	35.93	29.97	40.31	49.51	28.82	21.33	42.17	42.22	54.21	- -	- -	- -	- -
Diluted Market Cap	2,102	2,168	2,599	3,323	3,420	4,058	4,607	4,700	5,397	4,856	5,739	5,468	4,995	5,750	6,936
Diluted Enterprise Value	3,621	3,753	4,196	4,901	5,056	5,768	6,281	6,273	7,023	6,563	7,531	7,492	7,501	8,462	10,391
EV per Share	72.82	74.95	83.63	97.59	100.5	114.48	124.58	124.27	139.05	129.85	148.79	147.88	147.82	159.53	189.54
TTM Sales	1,027	1,081	1,246	1,283	1,270	1,262	1,349	1,371	1,346	1,351	1,458	1,644	1,766	1,827	1,813
TTM EBITDA	280	371	426	391	425	431	481	466	472	485	509	501	513	556	612
TTM Operating Income	155	243	292	254	282	284	316	297	298	310	330	327	313	328	354
TTM Cash Flow to Firm	- -	311	364	438	420	413	503	571	445	466	439	429	372	724	- -
TTM Free Cash Flow to Firm	- -	71	117	164	126	117	218	294	166	155	139	-3	-239	-286	- -

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	-76.35	228.66	44.14	36.82	57.79	85.88	30.78	21.99	61.39	62.91	90.71	-67.25	-14.52	-13.86	-12.01
EV/EBIT	23.41	15.5	14.4	19.34	17.93	20.34	19.9	21.09	23.49	21.17	22.8	22.85	23.87	26.26	29.38
Enterprise Value	3,638	3,759	4,201	4,906	5,059	5,769	6,278	6,262	7,008	6,553	7,516	7,477	7,482	8,609	10,398
Low Price	33.88	38.17	43.13	50.21	55.4	65.03	77.49	79.59	89.31	69.05	85.3	93.53	88.1	86.43	104.74
EV/Sales	3.54	3.48	3.37	3.83	3.98	4.57	4.65	4.57	5.2	4.85	5.15	4.55	4.24	4.71	5.74
EV/EBITDA	12.99	10.13	9.87	12.55	11.91	13.39	13.04	13.44	14.84	13.5	14.76	14.93	14.57	15.49	16.98
Price/Earnings	12.34	12.51	14.22	17.15	17.54	20.43	21.66	20.69	23.16	20.44	23.35	21.1	19.09	19.86	21.22
Price/Earnings Average	11.27	12.05	13.39	14.6	16.22	19.06	20.59	20.48	22.32	19.8	20.76	21	19.8	17.97	20.23
Price/Earnings High	12.41	13.18	15.02	18.15	18.18	21.16	23.72	22.78	24.73	24.18	23.44	23.26	21.93	21.88	23.14
Price/Earnings Low	9.86	11.02	11.83	13.01	14.29	16.5	18.37	17.7	19.37	14.7	17.58	18.29	17.11	15.7	17.56
Price/Book Value	1.28	1.25	1.41	1.7	1.66	1.88	2.04	1.98	2.18	1.89	2.15	1.94	1.71	1.77	1.94
Price/Book Value Average	1.17	1.2	1.33	1.45	1.54	1.76	1.94	1.96	2.1	1.83	1.91	1.93	1.78	1.6	1.85
Price/Book Value High	1.29	1.32	1.49	1.8	1.72	1.95	2.24	2.18	2.33	2.24	2.15	2.14	1.97	1.95	2.12
Price/Book Value Low	1.02	1.1	1.17	1.29	1.36	1.52	1.73	1.69	1.83	1.36	1.61	1.68	1.53	1.4	1.61
Price/Tangible Book Value	1.29	1.26	1.42	1.72	1.67	1.89	2.04	1.98	2.18	1.89	2.15	1.94	1.71	1.77	1.94
Price/Tangible Book Value Average	1.18	1.21	1.34	1.46	1.55	1.77	1.94	1.96	2.1	1.83	1.91	1.93	1.78	1.6	1.85
Price/Tangible Book Value High	1.3	1.33	1.5	1.82	1.73	1.96	2.24	2.18	2.33	2.24	2.15	2.14	1.97	1.95	2.12
Price/Tangible Book Value Low	1.03	1.11	1.18	1.3	1.36	1.53	1.73	1.69	1.83	1.36	1.61	1.68	1.53	1.4	1.61
Price/Sales	2.04	2	2.08	2.59	2.69	3.21	3.41	3.42	4.01	3.59	3.93	3.32	2.82	3.14	3.79
Price/Sales Average	1.87	1.93	1.96	2.2	2.49	2.99	3.24	3.39	3.86	3.48	3.5	3.31	2.93	2.85	3.61
Price/Sales High	2.05	2.11	2.2	2.74	2.79	3.32	3.73	3.77	4.28	4.25	3.95	3.66	3.24	3.46	4.13
Price/Sales Low	1.63	1.76	1.73	1.96	2.19	2.59	2.89	2.93	3.35	2.58	2.96	2.88	2.53	2.49	3.13
Price/Cash Flow	6.76	8.68	8.49	9.11	9.67	11.77	10.57	9.55	14.71	12.5	15.78	15.55	18.67	9.66	11.41
Price/Cash Flow Average	6.17	8.36	8	7.75	8.94	10.98	10.05	9.45	14.18	12.11	14.04	15.49	19.37	8.74	10.87
Price/Cash Flow High	6.8	9.15	8.97	9.64	10.02	12.19	11.58	10.51	15.7	14.79	15.84	17.15	21.45	10.64	12.44
Price/Cash Flow Low	5.4	7.65	7.07	6.91	7.88	9.5	8.97	8.16	12.3	8.99	11.88	13.49	16.73	7.64	9.44
Price/Free Cash Flow Average	-69.71	220.25	41.56	31.34	53.43	80.1	29.26	21.76	59.16	60.93	80.67	-66.96	-15.06	-12.54	-11.45
Price/Free Cash Flow High	-76.8	240.9	46.61	38.96	59.9	88.92	33.7	24.2	65.53	74.41	91.06	-74.16	-16.68	-15.27	-13.1
Price/Free Cash Flow Low	-61	201.34	36.72	27.93	47.09	69.34	26.11	18.81	51.34	45.24	68.29	-58.32	-13.01	-10.96	-9.94
EV/Sales Average	3.36	3.4	3.25	3.44	3.78	4.36	4.48	4.53	5.06	4.74	4.72	4.53	4.34	4.41	5.56
EV/Sales High	3.55	3.59	3.49	3.98	4.08	4.69	4.98	4.91	5.47	5.51	5.17	4.89	4.66	5.04	6.08
EV/Sales Low	3.13	3.24	3.02	3.2	3.48	3.95	4.13	4.07	4.55	3.84	4.18	4.11	3.94	4.04	5.08
EV/EBITDA Average	12.33	9.91	9.52	11.29	11.3	12.76	12.57	13.33	14.43	13.18	13.52	14.88	14.93	14.48	16.45
EV/EBITDA High	13.04	10.44	10.22	13.05	12.21	13.72	13.95	14.45	15.61	15.32	14.81	16.05	16.02	16.57	18.01
EV/EBITDA Low	11.47	9.43	8.84	10.5	10.42	11.57	11.59	11.98	12.98	10.69	11.98	13.49	13.57	13.27	15.03
EV/EBIT Average	22.23	15.17	13.88	17.39	17.02	19.38	19.18	20.93	22.84	20.68	20.88	22.78	24.46	24.55	28.46
EV/EBIT High	23.49	15.98	14.9	20.1	18.38	20.85	21.28	22.68	24.71	24.03	22.87	24.56	26.23	28.09	31.15
EV/EBIT Low	20.67	14.43	12.9	16.17	15.69	17.59	17.68	18.8	20.54	16.77	18.51	20.64	22.22	22.5	25.99
Last Price	42.41	43.35	51.84	66.19	68	80.55	91.36	93.06	106.8	96.03	113.31	107.85	98.32	109.28	126.56
High Price	42.66	45.67	54.74	70.05	70.48	83.4	100.04	102.44	114.01	113.58	113.75	118.92	112.96	120.42	138.03
Enterprise Value Average	3,453	3,679	4,049	4,411	4,801	5,496	6,051	6,213	6,813	6,400	6,883	7,453	7,667	8,049	10,073
Enterprise Value High	3,650	3,876	4,347	5,100	5,184	5,913	6,715	6,735	7,371	7,438	7,538	8,037	8,223	9,210	11,027
Enterprise Value Low	3,211	3,500	3,764	4,103	4,425	4,987	5,579	5,584	6,126	5,191	6,101	6,753	6,964	7,376	9,201

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	50	50	50	50	50	50	50	50	50	50	51	51	51	54	55
Diluted Weighted Avg Shares	50	50	50	50	50	50	50	51	51	51	51	51	51	53	55
Basic Weighted Avg Shares	49	50	50	50	50	50	50	50	51	51	51	51	51	53	54
Revenue per Share	20.76	21.64	24.9	25.58	25.29	25.09	26.8	27.18	26.66	26.73	28.82	32.45	34.83	34.76	33.43
EBITDA per Share	5.66	7.43	8.5	7.8	8.46	8.57	9.56	9.24	9.35	9.61	10.06	9.88	10.12	10.58	11.29
Operating Income per Share	3.14	4.86	5.83	5.06	5.62	5.64	6.27	5.89	5.91	6.12	6.51	6.46	6.18	6.24	6.53
Basic EPS, GAAP	3.44	3.47	3.64	3.86	3.88	3.94	4.22	4.5	4.61	4.7	4.85	5.11	5.15	5.5	5.96
Basic EPS from Cont Ops	3.44	3.47	3.64	3.86	3.87	3.94	4.23	4.51	4.62	4.71	4.86	5.12	5.16	5.52	5.98
Diluted EPS, GAAP	3.43	3.46	3.64	3.85	3.87	3.94	4.21	4.49	4.61	4.69	4.85	5.11	5.14	5.5	5.9
Diluted EPS from Cont Ops	3.43	3.46	3.64	3.86	3.87	3.93	4.23	4.5	4.62	4.71	4.85	5.12	5.15	5.51	5.91
Dividend per Share	1.21	1.38	1.58	1.77	1.93	2.09	2.25	2.41	2.57	2.73	2.89	3.05	3.22	3.36	3.48
Cash Flow per Share	6.27	4.99	6.1	7.27	7.03	6.84	8.64	9.75	7.26	7.68	7.18	6.93	5.27	11.31	11.1
Free Cash Flow per Basic Share	-0.56	0.19	1.18	1.8	1.18	0.94	2.97	4.24	1.74	1.53	1.25	-1.6	-6.78	-7.9	-10.65
Cash & Equivalents per Share	0.56	0.53	1.56	1.13	2.28	1.22	1.52	5.31	4.31	5.95	4.26	3.51	6.47	6.84	3.93
Book Value per Share	33.18	34.73	36.84	38.85	40.88	42.74	44.68	47.04	48.9	50.73	52.82	55.52	57.44	61.73	65.11
Tangible Book Value per Share	32.78	34.37	36.53	38.58	40.65	42.55	44.68	47.04	48.9	50.73	52.82	55.52	57.44	61.73	65.11