PetMed Express, Inc.

PETS

PETSPetMed Express, Inc. US flag

NASDAQ Global Select

1.80

USD

-0.03

- -

38.46MMarket Cap

Income Statement (USD)

MCP API Chat

	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	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Sales/Revenue/Turnover	238	228	233	229	235	249	274	283	284	304	272	248	274	- -	179
+ Sales & Services Revenue	238	228	233	229	235	249	274	283	284	304	272	248	274	- -	179
- Cost of Revenue	158	151	156	153	158	170	176	188	203	219	195	171	189	- -	129
+ Cost of Goods & Services	158	151	156	153	158	170	176	188	203	219	195	171	189	- -	129
Gross Profit	80	77	78	76	76	79	98	95	81	84	77	77	85	- -	50
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	54	50	49	47	44	42	46	49	50	54	53	70	93	- -	82
+ Selling, General & Admin	53	49	49	46	43	40	44	47	48	51	50	67	86	- -	72
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1	1	1	1	1	1	2	2	2	2	3	4	7	- -	9
Operating Income (Loss)	26	27	28	29	32	37	52	46	31	31	24	6	-8	- -	-31
- Non-Operating (Income) Loss	- -	- -	- -	2	- -	- -	-2	-3	-3	- -	- -	-1	-2	- -	26
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	-1	-2	-2	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	1	2	2	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	2	- -	- -	-1	-1	-1	- -	- -	-1	-2	- -	26
Pretax Income	26	27	28	28	33	38	54	49	34	31	24	7	-6	- -	-57
- Income Tax Expense (Benefit)	10	10	10	10	12	14	17	11	8	7	5	2	1	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	17	17	18	17	21	24	37	38	26	24	19	5	-7	- -	-57
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	17	17	18	17	21	24	37	38	26	24	19	5	-7	- -	-57
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	17	17	18	17	21	24	37	38	26	24	19	5	-7	- -	-57
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	17	17	18	17	21	24	37	38	26	24	19	5	-7	- -	-57
EBIT	26	27	28	29	32	37	52	46	31	31	24	6	-8	- -	-31
EBITDA	27	28	29	30	33	39	54	48	33	33	27	10	-1	- -	-22
EBITDA Margin (%)	11.51	12.33	12.46	13.07	14.13	15.59	19.82	17.08	11.7	10.86	9.93	3.88	-0.4	- -	-12.3
EBITA	26	27	28	29	32	37	52	46	31	31	24	6	-8	- -	-31
Gross Margin (%)	33.65	33.85	33.26	33.25	32.51	31.83	35.72	33.63	28.6	27.77	28.26	30.9	30.93	- -	28.05
Operating Margin (%)	10.92	11.85	12.09	12.78	13.8	15.04	19.04	16.29	10.9	10.06	8.92	2.44	-2.98	- -	-17.55
Profit Margin (%)	6.99	7.53	7.7	7.61	8.76	9.56	13.62	13.32	9.1	7.88	6.87	2.08	-2.72	- -	-32
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.53	1.6	0.67	0.69	0.73	0.77	0.86	1.07	1.09	1.13	1.21	1.21	0.61	- -	- -
Depreciation Expense	1	1	1	1	1	1	2	2	2	2	3	4	7	- -	9
Basic Weighted Avg Shares	21	20	20	20	20	20	20	20	20	20	20	20	20	21	21
Basic EPS, GAAP	0.81	0.86	0.9	0.87	1.02	1.18	1.83	1.84	1.29	1.19	0.93	0.25	-0.37	- -	-2.74
Basic EPS from Cont Ops	0.81	0.86	0.9	0.87	1.02	1.18	1.83	1.84	1.29	1.19	0.93	0.25	-0.37	- -	-2.74
Diluted Weighted Avg Shares	21	20	20	20	20	20	20	20	20	20	20	20	20	21	21
Diluted EPS, GAAP	0.8	0.86	0.9	0.87	1.02	1.17	1.82	1.84	1.29	1.19	0.92	0.25	-0.37	- -	-2.74
Diluted EPS from Cont Ops	0.8	0.86	0.9	0.87	1.02	1.17	1.82	1.84	1.29	1.19	0.92	0.25	-0.37	- -	-2.74

Balance Sheet (USD)

MCP API Chat

	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	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Total Current Assets	88	69	74	80	68	82	105	126	129	161	151	130	94	- -	44
+ Cash, Cash Equivalents & STI	57	34	34	51	38	59	78	101	104	119	111	104	55	- -	21
+ Cash & Cash Equivalents	47	18	18	36	38	59	78	101	104	119	111	104	55	- -	21
+ ST Investments	10	15	16	16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	2	1	2	2	2	2	2	3	4	3	2	2	3	- -	2
+ Accounts Receivable, Net	2	1	2	2	2	2	2	3	4	3	2	2	3	- -	2
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	26	32	36	25	26	20	23	21	18	34	32	19	29	- -	14
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	26	32	36	25	26	20	23	21	18	34	32	19	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29	- -	14
+ Other ST Assets	3	2	3	1	3	1	2	2	4	5	6	6	7	- -	7
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3	4	4	3	23	31	30	28	26	26	29	37	76	- -	38
+ Property, Plant & Equip, Net	3	2	1	2	21	30	29	27	25	25	24	26	28	- -	27
+ Property, Plant & Equip	9	10	10	9	29	34	35	36	36	36	36	41	48	- -	59
- Accumulated Depreciation	6	7	8	8	8	4	6	8	11	10	12	15	20	- -	32
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	5	- -	5
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	5	- -	5
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1	2	3	2	2	1	1	1	1	1	4	6	43	- -	5
+ Total Intangible Assets	1	1	1	1	1	1	1	1	1	1	1	1	38	- -	5
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27	- -	- -
+ Other Intangible Assets	1	1	1	1	1	1	1	1	1	1	1	1	11	- -	5
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	1	2	1	1	- -	- -	- -	- -	- -	3	5	5	- -	- -
Total Assets	91	73	78	83	90	113	135	154	155	187	180	167	170	- -	81
+ Payables & Accruals	9	9	8	7	7	18	18	19	24	45	56	58	69	- -	51
+ Accounts Payable	7	6	6	5	5	15	15	16	20	40	28	25	37	- -	21
+ Accrued Taxes	- -	1	- -	1	1	1	1	- -	1	1	24	26	25	- -	22
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	2	2	2	2	2	2	2	2	3	4	4	6	7	- -	7
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	- -	1
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	- -	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	9	9	8	7	7	18	18	19	24	45	56	58	72	- -	52
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ Other LT Liabilities	- -	- -	- -	- -	- -	1	1	1	1	1	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	1	1	1	1	1	1	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	1	1	1	1	1	- -	- -	1	- -	- -
Total Liabilities	10	9	8	7	7	19	19	20	25	46	56	58	73	- -	52
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	2	3	5	7	9	12	4	7	12	18	25	- -	20
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	2	3	5	7	9	12	4	7	12	18	25	- -	20
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	81	64	69	72	78	87	106	122	126	134	112	92	72	- -	9
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	81	64	70	75	83	93	116	135	130	141	123	110	97	- -	29
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	81	64	70	75	83	93	116	135	130	141	123	110	97	- -	29
Total Liabilities & Equity	91	73	78	83	90	113	135	154	155	187	180	167	170	- -	81
Shares Outstanding	20	20	20	20	20	21	21	21	20	20	21	21	21	- -	21
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	1
Net Debt	-47	-18	-18	-36	-38	-59	-78	-101	-104	-119	-111	-104	-55	- -	-21
Net Debt to Equity	-57.65	-28.36	-26.07	-47.21	-45.24	-62.9	-67.34	-74.64	-79.81	-84.03	-89.98	-94.65	-57.16	- -	-73.99
Tangible Common Equity Ratio	89.03	87.31	89.46	90.94	92.07	82.62	85.73	87.14	83.61	75.23	68.54	65.48	44.58	- -	30.97
Current Ratio	9.33	7.64	9.17	10.73	9.55	4.46	5.81	6.79	5.3	3.59	2.68	2.27	1.3	- -	0.84
Cash Conversion Cycle	47.03	57.14	67.43	61.41	49.54	29.37	16.84	15.56	6.52	1.58	2.22	-3.41	-7.9	- -	-5.56

Cash Flow Statement (USD)

MCP API Chat

	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	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

+ Net Income	17	17	18	17	21	24	37	38	26	24	19	5	-7	- -	-57
+ Depreciation & Amortization	1	1	1	1	1	1	2	2	2	2	3	4	7	- -	9
+ Non-Cash Items	2	2	1	3	2	4	3	3	3	2	4	5	7	- -	28
+ Stock-Based Compensation	2	2	1	1	2	2	3	3	3	3	5	7	7	- -	1
+ Deferred Income Taxes	- -	- -	- -	- -	- -	2	- -	- -	- -	-1	-1	-2	- -	- -	-3
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29
+ Other Non-Cash Adj	- -	- -	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	- -	-7	-7	10	-2	18	-5	2	8	12	-7	14	-3	- -	-8
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	-1	-1	- -	-1	1	1	- -	-2	- -	- -
+ (Inc) Dec in Inventories	-1	-5	-4	11	-1	5	-3	2	3	-17	2	13	-6	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	-1	-1	1	-1	2	-1	- -	- -	-2	- -	- -	- -	- -	-1
+ Inc (Dec) in Accts Payable	1	-1	-1	-1	- -	11	- -	1	6	29	-9	1	5	- -	-7
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	20	13	14	32	21	47	37	45	39	40	18	28	4	- -	-28
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	- -	-1	-20	-11	-1	-1	-2	-2	-2	-5	-5	- -	-5
+ Acq of Fixed Prod Assets	-1	-1	- -	-1	-20	-11	-1	-1	-2	-2	-2	-5	-5	- -	-5
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-24	-4	- -	- -	- -	- -	- -	- -	-11	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-24	-4	- -	- -	- -	- -	- -	- -	-11	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	12	-5	- -	- -	16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	12	- -	- -	- -	16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	-5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	-36	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	-36	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	12	-6	- -	-1	-4	-11	-1	-1	-2	-2	-2	-10	-41	- -	-5
+ Dividends Paid	-11	-32	-13	-14	-15	-16	-17	-22	-22	-23	-24	-25	-12	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-35	-36	-13	-14	-15	-16	-17	-22	-33	-23	-24	-25	-12	- -	- -
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-3	-29	- -	17	2	21	19	23	3	15	-8	-7	-49	- -	-33
EBITDA	27	28	29	30	33	39	54	48	33	33	27	10	-1	- -	-22
EBITDA Margin (%)	11.51	12.33	12.46	13.07	14.13	15.59	19.82	17.08	11.7	10.86	9.93	3.88	-0.4	- -	-12.3
Free Cash Flow	20	13	13	31	1	37	37	45	37	38	17	23	- -	- -	-33
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	36	- -	- -
Free Cash Flow to Firm	20	13	13	31	1	37	37	45	37	38	17	23	- -	- -	- -
Free Cash Flow to Equity	20	13	13	31	1	37	37	45	37	38	17	23	- -	- -	-33
Free Cash Flow per Basic Share	0.96	0.64	0.68	1.56	0.05	1.81	1.8	2.18	1.82	1.88	0.83	1.11	-0.01	- -	-1.58
Price/Free Cash Flow	12.15	19.33	19.83	10.09	8.81	7.1	22.4	10.2	14.02	16.65	25.94	9.99	11.07	- -	-2.01
Cash Flow to Net Income	1.22	0.77	0.75	1.84	1.02	1.98	1	1.2	1.5	1.68	0.99	5.41	-0.58	- -	0.5
Capital Expenditures	-1	-1	- -	-1	-20	-11	-1	-1	-2	-2	-2	-5	-5	- -	-5