Prologis, Inc. Financial Ratios — POJN 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 (%)	-1.86	-0.63	2.49	4.57	6.06	8.16	10.8	8.7	6.99	5.42	8.99	7.76	5.75	6.96	6.21
Return on Assets (%)	-0.72	-0.14	1.32	2.53	3.04	3.93	5.53	4.86	4.01	3.08	5.13	4.6	3.38	3.96	3.43
Return on Capital (%)	- -	- -	2.39	- -	4.01	4.75	6.28	5.18	4.41	3.53	5.42	5	4.06	4.87	4.37
Return on Invested Capital (%)	- -	- -	0.84	- -	1.35	2.16	6.61	5.01	4.7	4.25	5.54	4.82	4.09	4.76	4.48
Gross Margin (%)	71.61	71.69	69.08	69.01	70.3	72.47	72.32	72.98	72.41	73.64	73.77	74.74	74.94	74.92	74.58
EBITDA Margin (%)	49.14	43.89	55.32	54.65	57.37	63.14	108.21	93.97	89.76	82.93	100.54	88.39	77.18	85.31	79.45
Operating Margin (%)	18.04	21.76	17.39	18.16	17.3	26.39	29.45	30.2	29.78	31.58	33.98	38.17	38.44	37.77	38.84
Incremental Operating Margin (%)	22.94	31.57	58.16	149.46	13.84	85.76	120.81	40.76	27.55	36.99	67.23	54.6	39.23	7.61	53.74
Pretax Margin (%)	-19.21	-5.24	19.21	40.53	43.18	53.18	69.35	67.26	53.33	39.36	69.82	61.78	43.18	50.17	42.88
Profit Margin (%)	-10.79	-2.03	19.59	36.13	39.57	47.76	63.11	58.81	47.23	33.38	61.77	56.33	38.13	45.5	37.86
Net Income to Common Margin (%)	-13.23	-4.13	18.54	35.71	39.27	47.5	62.86	58.6	47.05	33.24	61.64	56.23	38.06	45.43	37.8
Effective Tax Rate (%)	- -	- -	31.74	- -	2.43	4.05	3.01	3.36	4.19	7.47	5.24	3.67	6.09	4.06	5.41
Dvd Payout Ratio (%)	-120.77	-380.57	251.04	79.62	81.86	64.8	50.26	56.13	73.42	98.37	55.7	66.54	93.65	85.72	99.01
Sustainable Growth Rate (%)	-4.1	-3.04	-3.76	0.93	1.1	2.87	5.37	3.82	1.86	0.09	3.98	2.6	0.36	0.99	0.06

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	11,382	11,791	9,011	9,337	11,627	10,608	9,413	11,090	12,378	17,336	18,163	24,515	29,598	31,495	35,681
ST Debt	937	889	725	- -	- -	35	317	51	184	172	491	1,538	979	225	45
LT Debt	10,446	10,902	8,286	9,337	11,627	10,573	9,095	11,039	12,193	17,164	17,672	22,976	28,619	31,270	35,636
Total Debt/EBITDA	16.29	13.7	9.31	9.7	9.22	6.63	3.32	4.21	4.14	4.71	3.8	4.64	4.78	4.5	5.11
Net Debt/EBITDA	16.04	13.59	8.8	9.34	9.01	6.13	3.16	4.08	3.62	4.41	3.59	4.47	4.6	4.23	4.85
Total Debt/EBIT	120.1	126.81	29.6	29.2	30.58	15.87	4.82	6.57	6.69	8.18	5.66	7.07	7.98	7.13	8.19
Net Debt/EBIT	118.24	125.72	27.99	28.1	29.89	14.66	4.59	6.37	5.85	7.67	5.35	6.81	7.68	6.69	7.78
EBITDA to Interest Expense	1.57	1.76	2.65	3.26	4.38	5.56	10.9	12.21	13.19	12.27	19.13	18.09	10.01	8.36	7.18
EBITDA-CapEx/Interest Expense	-0.73	1.76	2.65	3.26	4.38	5.56	10.9	12.21	13.19	12.27	19.13	18.09	10.01	8.36	7.18
EBIT to Interest Expense	0.58	0.87	0.83	1.08	1.32	2.32	2.97	3.92	4.38	4.67	6.47	7.81	4.99	3.7	3.51
Interest Expense	446	488	365	295	288	288	260	216	227	300	250	292	619	837	972
Common Equity/Total Assets	47.18	45.72	55.39	53.92	46.47	49.3	52.79	57.86	56.42	56.91	57.04	60.49	57.1	56.53	53.82
Long-Term Debt/Equity (%)	72.26	79.15	58.45	61.49	63.12	57.28	48.62	42.79	46.77	47.25	46.82	39.71	49.49	53.35	61.7
Long-Term Debt/Capital (%)	40.43	42.65	35.73	38.08	38.69	36.38	32.35	29.92	31.71	31.99	31.61	27.89	32.74	34.7	38.14
Long-Term Debt/Total Assets (%)	37.68	39.92	33.72	36.22	37.03	34.95	30.85	28.73	30.46	30.61	30.22	26.14	30.77	32.8	36.1
Total Debt/Equity (%)	78.74	85.61	63.56	61.49	63.12	57.47	50.32	42.98	47.47	47.73	48.13	42.37	51.19	53.73	61.78
Total Debt/Capital (%)	44.05	46.12	38.86	38.08	38.69	36.5	33.48	30.06	32.19	32.31	32.49	29.76	33.86	34.95	38.19
Total Debt/Total Assets (%)	41.06	43.17	36.67	36.22	37.03	35.07	31.93	28.87	30.92	30.92	31.06	27.89	31.82	33.04	36.14
Net Debt to Equity	77.52	84.87	60.1	59.18	61.68	53.1	47.93	41.65	41.49	44.74	45.46	40.78	49.24	50.43	58.68
Net Debt/Capital (%)	43.67	45.91	37.54	37.18	38.15	34.68	32.4	29.4	28.95	30.63	31	28.74	32.77	33.29	36.72
EBITDA	699	860	968	962	1,261	1,599	2,833	2,635	2,990	3,681	4,785	5,280	6,193	6,996	6,984
EBITDA-CapEx	-327	860	968	962	1,261	1,599	2,833	2,635	2,990	3,681	4,785	5,280	6,193	6,996	6,984
Operating Income (Loss)	257	427	304	320	380	668	771	847	992	1,402	1,617	2,280	3,084	3,098	3,414

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	0.07	0.05	0.3	0.43	0.29	1.03	0.38	0.35	0.97	0.37	0.27	0.08	0.16	0.5	0.43
Current Ratio	0.58	0.42	0.66	0.9	1.32	1.93	0.96	1.33	1.92	1.36	0.97	0.46	0.55	0.92	0.91
Quick Ratio	0.32	0.28	0.57	0.72	0.79	1.37	0.58	0.59	1.18	0.61	0.57	0.25	0.33	0.74	0.74
CFO/Avg Current Liab	0.15	0.2	0.25	0.73	1.29	1.67	1.72	1.67	2.14	2.15	1.64	1.44	1.54	1.66	1.88
Common Equity/Total Assets	47.18	45.72	55.39	53.92	46.47	49.3	52.79	57.86	56.42	56.91	57.04	60.49	57.1	56.53	53.82
Long-Term Debt/Equity (%)	72.26	79.15	58.45	61.49	63.12	57.28	48.62	42.79	46.77	47.25	46.82	39.71	49.49	53.35	61.7
Long-Term Debt/Capital (%)	40.43	42.65	35.73	38.08	38.69	36.38	32.35	29.92	31.71	31.99	31.61	27.89	32.74	34.7	38.14
Long-Term Debt/Total Assets (%)	37.68	39.92	33.72	36.22	37.03	34.95	30.85	28.73	30.46	30.61	30.22	26.14	30.77	32.8	36.1
Total Debt/Equity (%)	78.74	85.61	63.56	61.49	63.12	57.47	50.32	42.98	47.47	47.73	48.13	42.37	51.19	53.73	61.78
Total Debt/Capital (%)	44.05	46.12	38.86	38.08	38.69	36.5	33.48	30.06	32.19	32.31	32.49	29.76	33.86	34.95	38.19
Total Debt/Total Assets (%)	41.06	43.17	36.67	36.22	37.03	35.07	31.93	28.87	30.92	30.92	31.06	27.89	31.82	33.04	36.14
CFO/Total Liabilities	1.56	3.42	4.67	8.45	8.6	12.02	15.66	14.29	16.22	14.88	14.44	13.74	15.27	13.38	12.22
CFO/CapEx	0.2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.47	0.62	0.94	1.15	1	1.42	1.95	1.79	2.52	2.31	3.74	2.22	2.27	1.77	1.93

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	13.74	12.29	12.55	16.66	22.76	25.26	26.71	29.17	34.52	32.26	15.51	14.89	22.8	22.37	17.43
Days Sales Outstanding	26.57	29.7	29.09	21.91	16.04	14.45	13.66	12.51	10.57	11.31	23.53	24.51	16.01	16.31	20.94
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	13,089	16,773	18,639	22,204	22,810	27,452	34,325	36,241	55,911	72,319	124,506	105,095	123,470	97,276	119,105
- Cash & Cash Equivalents	176	101	491	351	264	807	447	344	1,089	598	556	278	530	1,319	1,146
+ Preferred Equity and Hybrid Capital	582	582	100	78	78	78	69	69	69	64	64	64	64	64	64
+ Minority/Non Controlling Interest	794	704	465	1,208	3,753	3,467	3,075	3,503	3,419	4,353	4,315	4,626	4,642	4,666	4,561
+ Total Debt	11,382	11,791	9,011	9,337	11,627	10,608	9,413	11,090	12,378	17,336	18,163	24,515	29,598	31,495	35,681
Enterprise Value	25,671	29,750	27,724	32,476	38,004	40,799	46,434	50,558	70,687	93,474	146,493	134,021	157,243	132,182	158,265
Total Capital	25,838	25,564	23,188	24,521	30,048	29,066	28,118	36,891	38,449	53,661	55,906	82,378	87,422	90,111	93,435
Total Debt/Capital (%)	44.05	46.12	38.86	38.08	38.69	36.5	33.48	30.06	32.19	32.31	32.49	29.76	33.86	34.95	38.19
Total Debt / EV	0.44	0.4	0.33	0.29	0.31	0.26	0.2	0.22	0.18	0.19	0.12	0.18	0.19	0.24	0.23
EV/Sales	18.06	15.17	15.84	18.44	17.3	16.11	17.74	18.03	21.22	21.06	30.78	22.44	19.6	16.12	18
EV/EBITDA	36.74	34.57	28.63	33.75	30.15	25.51	16.39	19.19	23.64	25.39	30.62	25.38	25.39	18.89	22.66
EV/EBIT	270.86	319.95	91.07	101.55	99.97	61.04	23.76	29.95	38.21	44.11	45.68	38.65	42.41	29.93	36.32
EV/Cash Flow to Firm	- -	- -	37.77	- -	27.2	24.1	23.94	25.13	28.49	29.08	45.31	30.41	26.41	23.13	26.7
EV/Free Cash Flow to Firm	- -	- -	37.77	- -	27.2	24.1	23.94	25.13	28.49	29.08	45.31	30.41	26.41	23.13	26.7
Diluted Market Cap	10,610	16,776	18,368	22,068	23,220	28,387	35,622	33,974	57,956	73,789	128,702	92,398	127,130	100,144	122,653
Diluted Enterprise Value	23,192	29,752	27,453	32,341	38,414	41,733	47,731	48,292	72,732	94,944	150,689	121,324	160,903	135,049	161,813
EV per Share	55.98	64.43	55.58	63.74	72.46	77.17	87.25	80.3	111.88	126.42	198.01	145.18	170.1	142.7	170.33
TTM Sales	1,422	1,961	1,750	1,761	2,197	2,533	2,618	2,804	3,331	4,439	4,759	5,974	8,023	8,202	8,790
TTM EBITDA	699	860	968	962	1,261	1,599	2,833	2,635	2,990	3,681	4,785	5,280	6,193	6,996	6,984
TTM Operating Income	257	427	304	320	380	668	771	847	992	1,402	1,617	2,280	3,084	3,098	3,414
TTM Cash Flow to Firm	- -	- -	734	- -	1,397	1,693	1,939	2,012	2,481	3,215	3,233	4,408	5,954	5,716	5,928
TTM Free Cash Flow to Firm	- -	- -	734	- -	1,397	1,693	1,939	2,012	2,481	3,215	3,233	4,408	5,954	5,716	5,928

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	-12.96	36.19	37.87	24.67	20.8	20.03	21.11	18.84	25.6	25.12	42.96	22.39	23.66	20.39	24.49
EV/EBIT	270.86	319.95	91.07	101.55	99.97	61.04	23.76	29.95	38.21	44.11	45.68	38.65	42.41	29.93	36.32
Enterprise Value	25,671	29,750	27,724	32,476	38,004	40,799	46,434	50,558	70,687	93,474	146,493	134,021	157,243	132,182	158,265
Low Price	22.6	28.25	34.66	36.72	35.93	35.21	47.85	57.47	56.45	60.62	93.27	97.69	97.31	101.52	87.63
EV/Sales	18.06	15.17	15.84	18.44	17.3	16.11	17.74	18.03	21.22	21.06	30.78	22.44	19.6	16.12	18
EV/EBITDA	36.74	34.57	28.63	33.75	30.15	25.51	16.39	19.19	23.64	25.39	30.62	25.38	25.39	18.89	22.66
Price/Earnings	- -	- -	55.97	34.63	26.27	22.7	20.79	19.87	35.61	48.28	42.42	26.63	40.44	26.11	35.82
Price/Earnings Average	- -	- -	58.33	32.15	25.04	20.7	18.66	22.06	31.49	46.4	31.11	30.46	36.11	29.73	31.67
Price/Earnings High	- -	- -	67.49	34.63	28.31	23.8	21.71	23.53	36.81	53.04	42.42	40.23	40.78	33.77	36.58
Price/Earnings Low	- -	- -	51.91	29.18	21.71	15.39	15.42	19.84	22.72	29.92	23.51	22.85	29.46	25.24	24.49
Price/Book Value	1	1.34	1.37	1.6	1.56	1.84	2.21	1.63	2.48	2.27	3.73	1.98	2.32	1.81	2.24
Price/Book Value Average	1.02	1.24	1.43	1.48	1.49	1.68	1.98	1.81	2.19	2.18	2.74	2.26	2.08	2.06	1.98
Price/Book Value High	1.31	1.36	1.65	1.6	1.68	1.93	2.3	1.93	2.56	2.49	3.73	2.99	2.34	2.34	2.29
Price/Book Value Low	0.79	1.04	1.27	1.35	1.29	1.25	1.64	1.63	1.58	1.4	2.07	1.7	1.69	1.75	1.53
Price/Tangible Book Value	1	1.34	1.37	1.6	1.61	1.87	2.23	1.66	2.51	2.32	3.79	2.02	2.37	1.83	2.27
Price/Tangible Book Value Average	1.02	1.24	1.43	1.48	1.54	1.71	2.01	1.85	2.22	2.23	2.78	2.31	2.12	2.09	2
Price/Tangible Book Value High	1.31	1.36	1.65	1.6	1.74	1.97	2.33	1.97	2.59	2.55	3.79	3.05	2.39	2.37	2.32
Price/Tangible Book Value Low	0.79	1.04	1.27	1.35	1.33	1.27	1.66	1.66	1.6	1.44	2.1	1.73	1.73	1.77	1.55
Price/Sales	7.44	8.52	10.38	12.36	10.32	10.78	13.07	11.64	16.75	16.05	26.14	14.97	15.39	11.86	13.54
Price/Sales Average	7.61	7.86	10.81	11.48	9.83	9.83	11.73	12.93	14.82	15.42	19.18	17.13	13.74	13.51	11.97
Price/Sales High	9.74	8.63	12.51	12.36	11.12	11.31	13.65	13.79	17.32	17.63	26.14	22.62	15.52	15.34	13.83
Price/Sales Low	5.89	6.63	9.62	10.42	8.52	7.31	9.69	11.63	10.69	9.95	14.49	12.85	11.21	11.46	9.26
Price/Cash Flow	51.07	36.04	37.45	24.34	20.31	19.28	20.28	18.11	24.65	24.26	41.53	21.68	22.98	19.8	23.76
Price/Cash Flow Average	52.26	33.25	39.03	22.6	19.35	17.58	18.2	20.1	21.79	23.31	30.46	24.79	20.52	22.55	21.01
Price/Cash Flow High	66.87	36.51	45.16	24.34	21.88	20.21	21.18	21.44	25.47	26.65	41.53	32.74	23.18	25.62	24.27
Price/Cash Flow Low	40.43	28.03	34.74	20.51	16.78	13.07	15.04	18.08	15.72	15.03	23.02	18.6	16.74	19.14	16.25
Price/Free Cash Flow Average	-13.26	33.4	39.47	22.91	19.82	18.26	18.95	20.91	22.64	24.15	31.51	25.61	21.13	23.22	21.65
Price/Free Cash Flow High	-16.97	36.67	45.67	24.67	22.42	21	22.05	22.3	26.46	27.6	42.96	33.83	23.86	26.37	25.01
Price/Free Cash Flow Low	-10.26	28.15	35.13	20.79	17.18	13.58	15.66	18.81	16.33	15.57	23.81	19.21	17.24	19.71	16.74
EV/Sales Average	18.27	14.51	16.29	17.54	16.81	15.15	16.39	19.45	19.28	20.42	23.81	24.97	17.95	17.76	16.43
EV/Sales High	20.9	15.29	18.03	18.44	18.1	16.63	18.32	20.41	21.79	22.66	30.78	31.42	19.73	19.6	18.29
EV/Sales Low	16.14	13.27	15.07	16.46	15.49	12.62	14.35	18.01	15.15	14.86	19.12	19.94	15.42	15.72	13.72
EV/EBITDA Average	37.18	33.07	29.44	32.1	29.3	23.99	15.15	20.7	21.48	24.63	23.68	28.24	23.26	20.82	20.68
EV/EBITDA High	42.54	34.83	32.59	33.75	31.55	26.34	16.93	21.72	24.27	27.33	30.62	35.54	25.56	22.98	23.02
EV/EBITDA Low	32.84	30.24	27.23	30.12	27	19.98	13.26	19.16	16.87	17.92	19.02	22.56	19.98	18.43	17.27
EV/EBIT Average	274.07	306	93.66	96.58	97.15	57.42	21.97	32.32	34.72	42.78	35.33	43.01	38.85	32.99	33.15
EV/EBIT High	313.56	322.3	103.67	101.55	104.62	63.02	24.55	33.9	39.23	47.48	45.68	54.13	42.69	36.4	36.9
EV/EBIT Low	242.09	279.86	86.64	90.62	89.54	47.82	19.23	29.92	27.27	31.13	28.37	34.35	33.37	29.2	27.67
Last Price	28.54	36.32	37.37	43.58	43.49	51.93	64.5	57.56	88.5	97.81	168.29	113.85	133.57	105.02	128.19
High Price	37.37	36.8	45.06	43.58	46.86	54.43	67.37	68.15	91.46	107.45	168.29	171.98	134.71	135.86	130.91
Enterprise Value Average	25,976	28,453	28,512	30,887	36,932	38,376	42,922	54,550	64,215	90,659	113,307	149,142	144,034	145,698	144,445
Enterprise Value High	29,719	29,968	31,560	32,476	39,774	42,124	47,964	57,229	72,563	100,600	146,493	187,685	158,302	160,752	160,792
Enterprise Value Low	22,944	26,023	26,374	28,983	34,039	31,960	37,576	50,501	50,443	65,973	90,994	119,108	123,729	128,944	120,585

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	459	462	499	509	525	529	532	630	632	739	740	923	924	926	929
Diluted Weighted Avg Shares	372	462	492	506	534	547	552	590	655	754	765	812	952	954	957
Basic Weighted Avg Shares	371	460	486	500	521	526	530	567	631	728	739	786	924	926	928
Revenue per Share	3.84	4.26	3.6	3.52	4.22	4.81	4.94	4.94	5.28	6.09	6.44	7.6	8.68	8.86	9.47
EBITDA per Share	1.89	1.87	1.99	1.93	2.42	3.04	5.34	4.64	4.74	5.05	6.47	6.72	6.7	7.55	7.52
Operating Income per Share	0.69	0.93	0.63	0.64	0.73	1.27	1.45	1.49	1.57	1.92	2.19	2.9	3.34	3.34	3.68
Basic EPS, GAAP	-0.51	-0.18	0.67	1.26	1.66	2.29	3.1	2.9	2.48	2.03	3.97	4.28	3.3	4.02	3.58
Basic EPS from Cont Ops	-0.74	-0.23	0.47	1.48	1.78	2.46	3.32	3.21	2.7	2.22	4.26	4.53	3.52	4.26	3.84
Diluted EPS, GAAP	-0.51	-0.18	0.66	1.24	1.62	2.2	2.98	2.78	2.39	1.96	3.84	4.14	3.21	3.91	3.47
Diluted EPS from Cont Ops	-0.74	-0.23	0.47	1.46	1.73	2.36	3.19	3.09	2.6	2.14	4.12	4.38	3.42	4.14	3.73
Dividend per Share	1.12	1.23	1.18	1.35	1.54	1.7	1.78	1.98	2.13	2.37	2.53	3.18	3.49	3.86	4.05
Cash Flow per Share	0.56	1.01	1	1.79	2.14	2.69	3.18	3.18	3.59	4.03	4.05	5.25	5.81	5.3	5.39
Free Cash Flow per Basic Share	-2.21	1.01	1	1.79	2.14	2.69	3.18	3.18	3.59	4.03	4.05	5.25	5.81	5.3	5.39
Cash & Equivalents per Share	0.38	0.22	0.98	0.69	0.5	1.53	0.84	0.55	1.72	0.81	0.75	0.3	0.57	1.42	1.23
Book Value per Share	28.52	27.04	27.29	27.28	27.82	28.21	29.24	35.31	35.75	43.15	45.1	57.6	57.46	58.18	57.18
Tangible Book Value per Share	28.52	27.04	27.29	27.28	26.99	27.7	28.86	34.59	35.25	42.17	44.35	56.32	56.37	57.35	56.55