Landmark Bancorp, Inc.

LARK

LARKLandmark Bancorp, Inc. US flag

NASDAQ Global Market

30.60

USD

-0.54

- -

186.59MMarket Cap

Income Statement (USD)

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

Sales/Revenue/Turnover	27	31	30	40	43	41	33	43	46	64	61	53	57	60	71
+ Sales & Services Revenue	27	31	30	40	43	41	33	43	46	64	61	53	57	60	71
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	10	11	11	15	16	16	16	17	18	21	20	20	23	23	26
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-10	-11	-11	-15	-16	-16	-16	-17	-18	-21	-20	-20	-23	-23	-26
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-5	-8	-5	-11	-14	-11	-3	-12	-12	-24	-23	-11	-14	-14	-23
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-5	-8	-5	-11	-14	-11	-3	-12	-12	-24	-23	-11	-14	-14	-23
Pretax Income	5	8	5	11	14	11	3	12	12	24	23	11	14	14	23
- Income Tax Expense (Benefit)	1	2	1	3	4	2	-1	1	1	5	5	1	2	1	4
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	4	6	5	8	11	9	4	10	11	19	18	10	12	13	19
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	4	6	5	8	11	9	4	10	11	19	18	10	12	13	19
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	4	6	5	8	11	9	4	10	11	19	18	10	12	13	19
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	4	6	5	8	11	9	4	10	11	19	18	10	12	13	19
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	2	2	2	2	3	3	2	2	2	3	3	3	3	2	2
EBITDA Margin (%)	6.16	6.97	5.75	6.1	5.86	6.21	6.87	4.88	4.82	4.06	4.29	4.91	5.51	4.13	3.15
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	16.64	20.82	15.65	20.26	24.47	21.92	13.11	24.05	23.1	30.53	29.73	18.79	21.65	21.5	26.58
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.37	0.38	0.4	0.42	0.45	0.49	0.52	0.54	0.57	0.6	0.63	0.69	0.73	0.76	0.8
Depreciation Expense	2	2	2	2	3	3	2	2	2	3	3	3	3	2	2
Basic Weighted Avg Shares	5	6	6	6	6	6	6	6	6	6	6	6	6	6	6
Basic EPS, GAAP	0.82	1.16	0.84	1.41	1.84	1.52	0.73	1.7	1.73	3.22	2.97	1.63	2.03	2.15	3.09
Basic EPS from Cont Ops	0.82	1.16	0.84	1.41	1.84	1.52	0.73	1.7	1.73	3.22	2.97	1.63	2.03	2.15	3.09
Diluted Weighted Avg Shares	5	6	6	6	6	6	6	6	6	6	6	6	6	6	6
Diluted EPS, GAAP	0.82	1.15	0.83	1.39	1.79	1.49	0.71	1.7	1.73	3.21	2.96	1.63	2.02	2.15	3.07
Diluted EPS from Cont Ops	0.82	1.15	0.83	1.39	1.79	1.49	0.71	1.7	1.73	3.21	2.96	1.63	2.02	2.15	3.07

Balance Sheet (USD)

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 Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	216	228	330	362	367	406	405	407	377	382	577	522	485	397	63
+ Cash & Cash Equivalents	18	15	30	13	14	20	17	19	14	90	197	32	32	24	24
+ ST Investments	198	213	300	349	353	386	388	388	363	292	381	489	453	373	39
+ Accounts & Notes Receiv	8	8	11	10	11	13	13	13	11	14	13	26	29	- -	- -
+ Accounts Receivable, Net	8	8	11	10	11	13	13	13	11	14	13	26	29	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-224	-236	-341	-372	-378	-419	-418	-421	-388	-396	-591	-548	-514	-397	-63
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	15	15	21	21	21	20	21	21	21	20	21	24	20	20	19
+ Property, Plant & Equip	25	26	32	33	34	34	35	35	36	36	37	41	37	36	36
- Accumulated Depreciation	10	11	12	13	13	14	14	14	15	16	16	17	17	16	17
+ LT Investments & Receivables	205	219	306	353	358	391	393	393	366	296	384	498	464	383	358
+ LT Investments	205	219	306	353	358	391	393	393	366	296	384	498	464	383	358
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-220	-234	-326	-374	-379	-411	-414	-414	-387	-317	-404	-523	-484	-403	-377
+ Total Intangible Assets	15	15	22	22	22	22	21	21	20	21	22	40	39	38	38
+ Goodwill	13	13	18	18	18	18	18	18	18	18	18	32	32	32	32
+ Other Intangible Assets	2	2	5	4	4	4	4	3	3	4	4	8	6	6	5
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-234	-249	-348	-396	-401	-433	-435	-435	-408	-338	-426	-563	-523	-441	-415
Total Assets	598	614	829	863	878	911	929	986	998	1,188	1,329	1,503	1,562	1,574	1,607
+ Payables & Accruals	8	8	10	11	12	12	10	13	13	17	16	23	- -	- -	- -
+ Accounts Payable	8	8	10	11	12	12	10	13	13	17	16	23	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	27	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	27	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-36	-8	-10	-11	-12	-12	-10	-13	-13	-17	-16	-23	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-36	-8	-10	-11	-12	-12	-10	-13	-13	-17	-16	-23	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	77	60	69	77	71	73	53	42	25	22	29	68	86	75	32
+ LT Borrowings	77	60	69	77	71	73	53	42	25	22	29	68	86	75	32
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-77	-60	-69	-77	-71	-73	-53	-42	-25	-22	-29	-68	-86	-75	-32
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-77	-60	-69	-77	-71	-73	-53	-42	-25	-22	-29	-68	-86	-75	-32
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	539	551	766	792	798	826	842	894	890	1,061	1,193	1,391	1,435	1,438	1,446
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	29	32	36	41	45	52	58	64	69	72	79	84	89	95	103
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	29	32	36	40	45	52	58	64	69	72	79	84	89	95	103
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	26	28	27	29	33	34	30	32	34	45	53	52	54	57	64
+ Other Equity	4	3	-1	2	2	-1	- -	-4	5	9	4	-25	-17	-16	-6
Equity Before Minority Interest	59	63	63	72	81	85	88	92	109	127	136	111	127	136	161
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	59	63	63	72	81	85	88	92	109	127	136	111	127	136	161
Total Liabilities & Equity	598	614	829	863	878	911	929	986	998	1,188	1,329	1,503	1,562	1,574	1,607
Shares Outstanding	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	87	45	39	64	57	53	36	23	11	-69	-168	36	54	50	8
Net Debt to Equity	146.36	71.13	62.22	89.03	70.86	62.24	41.66	24.52	10.09	-54.18	-123.51	32.32	42.78	36.94	4.99
Tangible Common Equity Ratio	7.59	8	5	5.91	6.86	7.13	7.31	7.39	9.02	9.02	8.71	4.88	5.79	6.39	7.84
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

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

+ Net Income	4	6	5	8	11	9	4	10	11	19	18	10	12	13	19
+ Depreciation & Amortization	2	2	2	2	3	3	2	2	2	3	3	3	3	2	2
+ Non-Cash Items	5	5	4	-1	-3	11	1	5	-2	-8	11	2	2	-1	-1
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -
+ Deferred Income Taxes	-1	- -	- -	- -	1	1	- -	1	- -	-1	1	-1	- -	- -	- -
+ Asset Impairment Charge	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	5	5	5	-1	-4	10	- -	4	-2	-8	10	3	1	-2	-2
+ Chg in Non-Cash Work Cap	2	-1	1	- -	-3	-4	-4	4	-2	1	- -	10	-5	- -	2
+ (Inc) Dec in Accts Receiv	- -	-1	1	-1	-3	-2	-2	- -	1	-3	1	5	-1	-1	-1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	2	- -	1	1	- -	-1	-2	4	-2	4	-1	5	-3	1	3
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	13	12	12	9	7	19	3	21	9	15	31	25	13	14	22
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	2	- -	2	- -	1	1	1	- -	- -	- -	1	1	- -	5	- -
+ Disp of Fixed Prod Assets	2	- -	2	- -	1	1	1	- -	- -	- -	1	1	- -	5	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	-1	-1	-1	-1	-1	-1	-1	-1	- -	-1	-1	-1	-2	-1
+ Acq of Fixed Prod Assets	- -	-1	-1	-1	-1	-1	-1	-1	-1	- -	-1	-1	-1	-2	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	-1	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	-1	- -	- -	- -
+ Net Change in LT Investment	-26	- -	-39	-45	-4	-39	-2	-6	31	75	-96	-122	44	82	39
+ Dec in LT Investment	61	81	53	58	99	61	82	86	91	121	80	111	87	120	107
+ Inc in LT Investment	-87	-82	-92	-103	-104	-100	-84	-92	-59	-46	-176	-232	-43	-38	-68
+ Net Cash From Acq & Div	- -	4	25	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -
+ Cash from Divestitures	- -	4	25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-9	7	-4	-3	-4	-2	-18	-57	-38	-179	40	-75	-93	-102	-60
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-32	10	-17	-48	-8	-40	-21	-64	-8	-105	-56	-197	-51	-18	-21
+ Dividends Paid	-2	-2	-2	-2	-3	-3	-3	-3	-4	-4	-4	-4	-4	-5	-5
+ Net Cash From Debt	6	-17	-3	8	-6	2	-6	-10	-15	-3	- -	10	47	-12	-42
+ Cash From Debt	217	55	81	111	331	418	623	637	433	162	- -	337	728	779	840
+ Repayments of Debt	-210	-71	-84	-103	-337	-416	-630	-647	-447	-165	- -	-327	-680	-791	-882
+ Other Financing Activities	23	-7	24	18	11	29	24	59	11	170	134	2	-1	14	48
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	27	-25	19	23	2	28	15	45	-7	161	130	6	42	-3	- -
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	8	-3	15	-17	1	6	-3	3	-5	71	104	-166	4	-7	1
EBITDA	2	2	2	2	3	3	2	2	2	3	3	3	3	2	2
EBITDA Margin (%)	6.16	6.97	5.75	6.1	5.86	6.21	6.87	4.88	4.82	4.06	4.29	4.91	5.51	4.13	3.15
Free Cash Flow	13	12	11	7	6	18	2	20	8	14	30	24	12	12	21
Net Cash Paid for Acquisitions	- -	-4	-25	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
Free Cash Flow to Firm	13	12	11	7	6	18	- -	20	8	14	30	24	12	12	21
Free Cash Flow to Equity	21	-5	11	15	- -	21	-4	10	-6	12	30	35	59	5	-21
Free Cash Flow per Basic Share	2.31	2.1	2.07	1.27	1.02	3.12	0.27	3.26	1.31	2.38	4.91	3.95	1.92	1.97	3.46
Price/Free Cash Flow	4.07	4.67	5.06	9.48	12.06	5.81	27.94	4.72	11.95	7.52	4.64	4.86	8.38	8.78	7.21
Cash Flow to Net Income	2.91	1.95	2.6	1.08	0.67	2.12	0.7	2.04	0.85	0.76	1.73	2.51	1.03	1.09	1.15
Capital Expenditures	- -	-1	-1	-1	-1	-1	-1	-1	-1	- -	-1	-1	-1	-2	-1