CF Industries Holdings, Inc. Financial Ratios — C4F 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 (%)	35.81	35.38	26.68	29.94	16.98	-7.5	10.34	8.87	16.84	10.9	29.93	81.05	28.32	22.76	29.62
Return on Assets (%)	17.36	19.32	14.05	12.68	5.85	-1.99	2.5	2.22	3.97	2.62	7.52	26.05	11.02	8.75	10.56
Return on Capital (%)	21.43	25.52	18.15	16.39	7.74	- -	- -	3.03	5.19	3.8	7.32	28.95	11.72	9.58	11.04
Return on Invested Capital (%)	27.34	26.29	19.93	17.2	7.81	- -	- -	5.5	8.26	5.9	14.41	39.99	16.07	13.03	16.6
Gross Margin (%)	47.49	51	46.03	37.49	35.91	22.88	10.51	20.7	25.58	19.42	36.51	52.4	38.38	34.64	38.45
EBITDA Margin (%)	52.59	55.36	51.55	58.17	38.83	22.14	27.05	37.34	40.92	36.74	40.03	55.85	46.74	45	45.14
Operating Margin (%)	45.35	48.16	42.8	33.65	30.64	15.96	5.67	16.3	20.35	14.5	33.4	49.8	33.96	28.82	33.53
Incremental Operating Margin (%)	79.34	2,852.46	94.74	102.15	63.45	117.5	- -	163.21	131.68	72.1	65.7	72.87	72.86	77.84	57.84
Pretax Margin (%)	43.39	46.35	40.36	46.11	24.56	-6.13	-3.03	12.35	16.82	11.23	23.6	45.55	33.9	29.68	31.61
Profit Margin (%)	25.24	30.29	26.75	29.31	16.25	-7.52	8.67	6.55	10.74	7.69	14.03	29.91	23	20.52	20.54
Net Income to Common Margin (%)	25.24	30.29	26.75	29.31	16.25	-7.52	8.67	6.55	10.74	7.69	14.03	29.91	23	20.52	20.54
Effective Tax Rate (%)	35.02	34.08	31.07	35.35	37.43	- -	- -	21.76	16.32	6.7	18.34	22.73	18.24	16.17	19.7
Dvd Payout Ratio (%)	3.46	5.14	8.06	17.25	36.72	-717.95	51.66	49.47	33.17	47.17	16.22	6.76	14.46	20.97	15.23
Sustainable Growth Rate (%)	34.57	33.57	24.53	24.77	10.75	-61.38	5	4.48	11.25	5.76	25.07	75.57	24.23	17.99	25.11

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	1,618	1,605	3,098	4,593	5,537	5,778	4,692	4,698	4,240	4,223	3,716	3,225	3,232	3,246	3,636
ST Debt	- -	5	- -	- -	- -	- -	- -	- -	90	337	89	93	96	86	110
LT Debt	1,618	1,600	3,098	4,593	5,537	5,778	4,692	4,698	4,150	3,886	3,627	3,132	3,136	3,160	3,526
Total Debt/EBITDA	0.5	0.47	1.1	1.66	3.31	7.08	4.2	2.84	2.26	2.79	1.42	0.52	1.04	1.22	1.14
Net Debt/EBITDA	0.13	-0.2	0.49	0.94	3.14	5.65	3.45	2.43	1.95	2.16	0.7	0.1	0.3	0.51	0.39
Total Debt/EBIT	0.58	0.54	1.28	1.94	4.64	41.87	20.05	6.13	4.23	6.78	2.15	0.6	1.45	1.86	1.58
Net Debt/EBIT	0.15	-0.23	0.58	1.1	4.4	33.43	16.48	5.24	3.66	5.26	1.06	0.12	0.42	0.78	0.54
EBITDA to Interest Expense	30	32.74	20.63	16.52	14.42	5.79	3.74	7.25	8.38	8.19	14.95	18.59	21.52	19.22	22.06
EBITDA-CapEx/Interest Expense	27.68	27.67	14.61	5.69	-6.86	-9.89	2.15	5.4	6.58	6.52	11.96	17.22	9.55	15.47	15.5
EBIT to Interest Expense	25.87	28.48	17.13	9.56	11.38	4.17	0.78	3.17	4.17	3.23	12.48	16.58	15.64	12.31	16.38
Interest Expense	107	103	137	167	116	141	299	228	224	185	175	336	144	139	145
Common Equity/Total Assets	50.67	58.05	47.54	37.41	31.81	22.13	26.58	23.36	23.8	24.3	25.91	37.94	39.77	37.02	34.34
Long-Term Debt/Equity (%)	32.8	25.47	56.97	100.44	126.21	89	70.2	81.98	73.62	69.36	60.09	39.88	37.45	41.62	45.35
Long-Term Debt/Capital (%)	24.7	20.29	36.29	50.11	55.79	47.09	41.24	45.05	42.02	39.55	37.19	28.27	27.02	29.16	30.9
Long-Term Debt/Total Assets (%)	18.03	15.74	29.01	40.81	43.66	38.19	34.85	37.11	34.09	32.32	29.31	23.53	21.81	23.47	25.03
Total Debt/Equity (%)	32.8	25.55	56.97	100.44	126.21	89	70.2	81.98	75.22	75.37	61.56	41.07	38.6	42.76	46.77
Total Debt/Capital (%)	24.7	20.35	36.29	50.11	55.79	47.09	41.24	45.05	42.93	42.98	38.11	29.11	27.85	29.95	31.86
Total Debt/Total Assets (%)	18.03	15.79	29.01	40.81	43.66	38.19	34.85	37.11	34.83	35.12	30.03	24.22	22.48	24.11	25.81
Net Debt to Equity	8.33	-10.66	25.51	56.77	119.69	71.07	57.7	70.08	65.11	58.5	30.43	8.18	11.18	17.87	15.86
Net Debt/Capital (%)	7.69	-11.94	20.32	36.21	54.48	41.55	36.59	41.2	38.27	35.85	22.61	7.33	9.78	14.71	13.08
EBITDA	3,207	3,379	2,822	2,759	1,673	816	1,117	1,654	1,878	1,515	2,617	6,247	3,099	2,671	3,198
EBITDA-CapEx	2,960	2,856	1,999	950	-796	-1,395	644	1,232	1,474	1,206	2,093	5,785	1,375	2,150	2,247
Operating Income (Loss)	2,766	2,940	2,343	1,596	1,320	588	234	722	934	598	2,184	5,571	2,252	1,711	2,375

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	1.17	2.39	2.07	2.04	0.24	1.7	1.44	0.97	0.43	0.75	1.14	2.33	2.54	1.97	2.23
Current Ratio	1.74	2.95	3.18	2.58	0.93	3.87	2.53	1.81	1.46	1.51	1.81	3.69	3.81	3.08	3.37
Quick Ratio	1.43	2.62	2.34	2.23	0.46	2.04	1.97	1.3	0.8	1.05	1.48	2.92	3.17	2.47	2.78
CFO/Avg Current Liab	2.1	2.4	1.65	1.57	1.1	0.65	2.58	2.33	2.2	1.57	2.46	3.18	3.07	2.81	3.23
Common Equity/Total Assets	50.67	58.05	47.54	37.41	31.81	22.13	26.58	23.36	23.8	24.3	25.91	37.94	39.77	37.02	34.34
Long-Term Debt/Equity (%)	32.8	25.47	56.97	100.44	126.21	89	70.2	81.98	73.62	69.36	60.09	39.88	37.45	41.62	45.35
Long-Term Debt/Capital (%)	24.7	20.29	36.29	50.11	55.79	47.09	41.24	45.05	42.02	39.55	37.19	28.27	27.02	29.16	30.9
Long-Term Debt/Total Assets (%)	18.03	15.74	29.01	40.81	43.66	38.19	34.85	37.11	34.09	32.32	29.31	23.53	21.81	23.47	25.03
Total Debt/Equity (%)	32.8	25.55	56.97	100.44	126.21	89	70.2	81.98	75.22	75.37	61.56	41.07	38.6	42.76	46.77
Total Debt/Capital (%)	24.7	20.35	36.29	50.11	55.79	47.09	41.24	45.05	42.93	42.98	38.11	29.11	27.85	29.95	31.86
Total Debt/Total Assets (%)	18.03	15.79	29.01	40.81	43.66	38.19	34.85	37.11	34.83	35.12	30.03	24.22	22.48	24.11	25.81
CFO/Total Liabilities	51.44	61.15	27.99	21.27	14.55	7.14	24.06	21.6	23.03	19.17	45.32	70.6	45.93	38.66	43.59
CFO/CapEx	8.41	4.54	1.78	0.79	0.49	0.28	3.45	3.55	3.73	3.98	5.48	8.34	1.6	4.36	2.89
Altman's Z-Score	- -	4.79	3.89	2.96	1.97	1.41	1.74	1.91	2.05	1.71	3.21	5.25	3.53	3.3	3.18

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	24.11	25.43	24.99	23.1	21.77	16.86	15.76	16.94	20.18	17.01	18.16	22.24	13.25	14.18	17.24
Days Sales Outstanding	15.14	14.35	14.61	15.8	16.76	21.64	23.15	21.55	18.09	21.46	20.1	16.41	27.55	25.73	21.18
Inventory Turnover	11.15	10.28	10.7	12.43	10.54	8.61	12.04	12.03	10.35	10.42	11.95	12.07	10.57	12.66	12.51
Days Inventory Outstanding	32.74	35.52	34.11	29.37	34.63	42.38	30.32	30.35	35.26	35.04	30.56	30.23	34.53	28.83	29.17
Accounts Payable Turnover	7.59	27.35	20.61	24.65	35.37	32.13	40.36	35.46	38.64	39.99	43.82	62.32	44.19	32.59	32.45
Accounts Payable Turnover Days	48.06	13.35	17.71	14.81	10.32	11.36	9.04	10.29	9.45	9.13	8.33	5.86	8.26	11.2	11.25
Cash Conversion Cycle	-0.18	36.53	31.01	30.37	41.07	52.67	44.43	41.6	43.9	47.37	42.32	40.78	53.82	43.37	39.1
Inventory to Cash Days	-17.6	-21.17	-19.5	-13.57	-17.87	-20.74	-7.16	-8.8	-17.17	-13.58	-10.46	-13.82	-6.98	-3.1	-8
Inventories	304	278	274	203	321	339	275	309	351	287	408	474	299	314	383
Raw Materials	59	66	23	23	35	60	42	37	40	41	50	37	43	51	51
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	245	212	251	180	286	279	233	272	311	246	358	437	256	263	332
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	- -	12,633	12,948	13,082	9,728	7,387	10,030	9,630	10,236	7,865	15,285	16,722	14,915	14,282	11,844
- Cash & Cash Equivalents	1,207	2,275	1,711	1,997	286	1,164	835	682	287	683	1,628	2,323	2,032	1,614	1,982
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	386	380	362	363	352	3,144	3,105	2,773	2,740	2,681	2,830	2,802	2,656	2,607	2,937
+ Total Debt	1,618	1,605	3,098	4,593	5,537	5,778	4,692	4,698	4,240	4,223	3,716	3,225	3,232	3,246	3,636
Enterprise Value	- -	12,343	14,698	16,041	15,331	15,145	16,992	16,419	16,929	14,086	20,203	20,426	18,771	18,521	16,435
Total Capital	6,551	7,887	8,537	9,165	9,924	12,270	11,376	10,429	9,877	9,826	9,752	11,078	11,605	10,838	11,411
Total Debt/Capital (%)	24.7	20.35	36.29	50.11	55.79	47.09	41.24	45.05	42.93	42.98	38.11	29.11	27.85	29.95	31.86
Total Debt / EV	- -	0.13	0.21	0.29	0.36	0.38	0.28	0.29	0.25	0.3	0.18	0.16	0.17	0.18	0.22
EV/Sales	- -	2.02	2.68	3.38	3.56	4.11	4.11	3.71	3.69	3.42	3.09	1.83	2.83	3.12	2.32
EV/EBITDA	- -	3.65	5.21	5.81	9.16	18.56	15.21	9.93	9.01	9.3	7.72	3.27	6.06	6.93	5.14
EV/EBIT	- -	4.17	6.09	6.78	12.85	109.74	72.62	21.43	16.88	22.61	11.69	3.78	8.42	10.61	7.15
EV/Cash Flow to Firm	- -	5.05	9.42	10.49	11.98	- -	- -	9.8	10	10.04	6.7	4.96	6.53	7.76	5.73
EV/Free Cash Flow to Firm	- -	6.43	19.94	- -	- -	- -	- -	13.1	13.14	12.87	8.11	5.59	16.31	9.92	8.57
Diluted Market Cap	- -	12,984	13,726	13,885	9,854	7,386	10,056	10,104	10,500	7,911	15,920	17,457	15,360	15,192	12,511
Diluted Enterprise Value	- -	12,694	15,475	16,844	15,457	15,144	17,018	16,893	17,193	14,132	20,838	21,161	19,216	19,431	17,102
EV per Share	- -	39.21	52.64	66.38	65.78	64.97	72.84	73.69	78.37	65.84	97.33	104.43	99.75	109.02	107.03
TTM Sales	6,098	6,104	5,475	4,743	4,308	3,685	4,130	4,429	4,590	4,124	6,538	11,186	6,631	5,936	7,084
TTM EBITDA	3,207	3,379	2,822	2,759	1,673	816	1,117	1,654	1,878	1,515	2,617	6,247	3,099	2,671	3,198
TTM Operating Income	2,766	2,940	2,343	1,596	1,320	588	234	722	934	598	2,184	5,571	2,252	1,711	2,375
TTM Cash Flow to Firm	2,148	2,444	1,561	1,529	1,280	- -	- -	1,675	1,692	1,404	3,016	4,115	2,875	2,388	2,868
TTM Free Cash Flow to Firm	1,901	1,920	737	-280	-1,189	- -	- -	1,253	1,288	1,095	2,492	3,653	1,151	1,867	1,917

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	- -	7.01	21.35	-35.79	-7.81	-4.63	8.68	9.4	9.54	8.58	6.78	5.15	14.87	8.68	6.95
EV/EBIT	- -	4.17	6.09	6.78	12.85	109.74	72.62	21.43	16.88	22.61	11.69	3.78	8.42	10.61	7.15
Enterprise Value	- -	12,343	14,698	16,041	15,331	15,145	16,992	16,419	16,929	14,086	20,203	20,426	18,771	18,521	16,435
Low Price	- -	30.71	34.01	45.02	39.58	20.77	25.16	36	38.35	20.25	38.22	63.55	59.81	69.17	65.91
EV/Sales	- -	2.02	2.68	3.38	3.56	4.11	4.11	3.71	3.69	3.42	3.09	1.83	2.83	3.12	2.32
EV/EBITDA	- -	3.65	5.21	5.81	9.16	18.56	15.21	9.93	9.01	9.3	7.72	3.27	6.06	6.93	5.14
Price/Earnings	- -	6.94	9.32	9.97	14.03	- -	28.04	34.66	21.16	24.92	17.27	5.19	10.05	12.45	8.59
Price/Earnings Average	- -	6.72	8.11	9.23	18.95	- -	20.94	35.45	20.18	22.1	12.04	5.7	9.8	11.86	9.5
Price/Earnings High	- -	7.83	9.5	10.49	23.27	- -	28.29	45.01	23.6	32.41	17.51	7.23	11.51	14.07	11.38
Price/Earnings Low	- -	5.31	6.84	8.29	13.3	- -	16.41	28.88	17.13	13.73	8.96	3.86	7.58	10.25	7.34
Price/Book Value	- -	2.14	2.55	3.11	2.41	2.21	2.8	3.26	3.53	2.69	4.77	3.31	2.61	2.87	2.45
Price/Book Value Average	- -	2.07	2.22	2.88	3.26	1.97	2.09	3.33	3.37	2.39	3.33	3.63	2.55	2.73	2.71
Price/Book Value High	- -	2.42	2.6	3.27	4	2.81	2.83	4.23	3.94	3.5	4.84	4.61	2.99	3.24	3.24
Price/Book Value Low	- -	1.64	1.87	2.58	2.29	1.45	1.64	2.71	2.86	1.48	2.47	2.46	1.97	2.36	2.09
Price/Tangible Book Value	- -	3.33	4.41	6.3	6.53	8.44	9.3	19.65	24.26	17.71	14.29	5.67	5.56	7.19	6.33
Price/Tangible Book Value Average	- -	3.23	3.84	5.83	8.82	7.54	6.94	20.1	23.13	15.71	9.96	6.23	5.42	6.85	7
Price/Tangible Book Value High	- -	3.77	4.49	6.63	10.84	10.75	9.38	25.52	27.05	23.04	14.49	7.89	6.36	8.12	8.37
Price/Tangible Book Value Low	- -	2.55	3.24	5.24	6.2	5.53	5.44	16.37	19.63	9.76	7.41	4.22	4.19	5.92	5.41
Price/Sales	- -	2.1	2.49	2.92	2.28	2	2.43	2.27	2.27	1.92	2.42	1.55	2.31	2.56	1.77
Price/Sales Average	- -	2.04	2.17	2.7	3.08	1.79	1.81	2.32	2.17	1.7	1.69	1.71	2.25	2.43	1.95
Price/Sales High	- -	2.37	2.54	3.07	3.78	2.55	2.45	2.95	2.53	2.49	2.46	2.16	2.65	2.89	2.34
Price/Sales Low	- -	1.61	1.83	2.43	2.16	1.31	1.42	1.89	1.84	1.06	1.26	1.15	1.74	2.1	1.51
Price/Cash Flow	- -	5.4	9.31	9.75	8.14	11.97	6.16	6.72	6.93	6.42	5.51	4.51	5.56	6.68	4.54
Price/Cash Flow Average	- -	5.23	8.1	9.03	10.99	10.7	4.6	6.87	6.61	5.69	3.84	4.95	5.42	6.36	5.02
Price/Cash Flow High	- -	6.1	9.48	10.26	13.5	15.25	6.21	8.72	7.73	8.35	5.59	6.27	6.36	7.54	6.01
Price/Cash Flow Low	- -	4.13	6.83	8.11	7.72	7.85	3.6	5.59	5.61	3.53	2.86	3.35	4.19	5.49	3.88
Price/Free Cash Flow Average	- -	6.79	18.58	-33.12	-10.54	-4.14	6.48	9.61	9.09	7.61	4.73	5.65	14.51	8.27	7.68
Price/Free Cash Flow High	- -	7.92	21.74	-37.64	-12.95	-5.9	8.76	12.2	10.63	11.16	6.87	7.16	17.03	9.81	9.2
Price/Free Cash Flow Low	- -	5.36	15.66	-29.76	-7.4	-3.04	5.08	7.83	7.72	4.73	3.52	3.82	11.22	7.14	5.94
EV/Sales Average	- -	1.96	2.38	3.18	4.35	3.9	3.5	3.76	3.58	3.2	2.38	1.97	2.78	3.01	2.5
EV/Sales High	- -	2.29	2.73	3.52	5.05	4.66	4.14	4.36	3.94	3.99	3.12	2.41	3.16	3.43	2.86
EV/Sales Low	- -	1.54	2.05	2.92	3.44	3.42	3.11	3.34	3.26	2.56	1.97	1.44	2.28	2.69	2.08
EV/EBITDA Average	- -	3.54	4.61	5.46	11.2	17.6	12.94	10.06	8.76	8.71	5.95	3.53	5.94	6.68	5.53
EV/EBITDA High	- -	4.14	5.29	6.06	13	21.04	15.29	11.66	9.64	10.86	7.8	4.32	6.76	7.63	6.34
EV/EBITDA Low	- -	2.77	3.99	5.02	8.86	15.44	11.49	8.95	7.98	6.97	4.91	2.58	4.88	5.99	4.6
EV/EBIT Average	- -	4.04	5.4	6.37	15.71	104.04	61.75	21.72	16.4	21.18	9.01	4.09	8.26	10.22	7.69
EV/EBIT High	- -	4.72	6.19	7.07	18.22	124.39	72.99	25.19	18.05	26.41	11.81	5	9.39	11.67	8.81
EV/EBIT Low	- -	3.17	4.66	5.85	12.43	91.3	54.84	19.34	14.93	16.94	7.43	2.99	6.78	9.16	6.4
Last Price	- -	40.13	46.37	54.13	41.74	31.69	42.99	43.22	47.38	36.76	73.64	85.49	79.26	84.07	77.14
High Price	- -	45.33	47.24	56.93	69.24	40.35	43.37	56.11	52.84	47.81	74.68	118.95	90.77	94.96	102.1
Enterprise Value Average	- -	11,951	13,018	15,067	18,740	14,358	14,450	16,637	16,453	13,197	15,580	22,060	18,411	17,846	17,690
Enterprise Value High	- -	13,977	14,940	16,718	21,742	17,165	17,079	19,292	18,107	16,451	20,419	26,971	20,939	20,372	20,269
Enterprise Value Low	- -	9,377	11,248	13,839	14,828	12,600	12,832	14,811	14,978	10,553	12,851	16,135	15,112	15,990	14,712

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	327	315	279	242	233	233	233	223	216	214	208	196	188	170	154
Diluted Weighted Avg Shares	350	324	296	257	236	233	234	234	222	215	216	204	194	181	162
Basic Weighted Avg Shares	347	320	295	256	235	233	234	233	220	215	215	203	193	180	162
Revenue per Share	17.57	19.1	18.59	18.53	18.31	15.81	17.69	19.04	20.84	19.19	30.41	55.02	34.3	32.9	43.7
EBITDA per Share	9.24	10.58	9.58	10.78	7.11	3.5	4.78	7.11	8.53	7.05	12.17	30.73	16.03	14.81	19.73
Operating Income per Share	7.97	9.2	7.96	6.23	5.61	2.52	1	3.1	4.24	2.78	10.16	27.4	11.65	9.48	14.65
Basic EPS, GAAP	4.44	5.79	4.97	5.43	2.97	-1.19	1.53	1.25	2.24	1.48	4.27	16.46	7.89	6.75	8.98
Basic EPS from Cont Ops	5.07	6.02	5.2	5.61	3.12	-0.68	1.93	1.84	2.93	2.01	5.86	19.37	9.51	8.19	11.09
Diluted EPS, GAAP	4.4	5.71	4.95	5.42	2.96	-1.19	1.53	1.24	2.22	1.47	4.24	16.39	7.87	6.74	8.97
Diluted EPS from Cont Ops	5.03	5.95	5.18	5.6	3.11	-0.68	1.92	1.83	2.92	2.01	5.83	19.28	9.48	8.17	11.09
Dividend per Share	0.2	0.32	0.44	1	1.2	1.2	1.2	1.2	1.2	1.2	1.21	1.51	1.61	2.02	2.01
Cash Flow per Share	5.99	7.44	4.98	5.55	5.13	2.65	6.99	6.44	6.83	5.73	13.36	18.96	14.26	12.59	16.98
Free Cash Flow per Basic Share	5.28	5.8	2.18	-1.52	-5.36	-6.84	4.96	4.62	5	4.29	10.93	16.69	5.34	9.7	11.11
Cash & Equivalents per Share	3.69	7.23	6.13	8.26	1.23	4.99	3.58	3.06	1.33	3.19	7.84	11.88	10.8	9.5	12.91
Book Value per Share	13.9	18.75	18.18	17.42	17.31	14.36	15.34	13.28	13.41	13.66	15.44	25.82	30.38	29.34	31.51
Tangible Book Value per Share	7.43	12.04	10.51	8.59	6.39	3.75	4.63	2.2	1.95	2.08	5.15	15.07	14.26	11.69	12.19