Incyte Corporation Financial Ratios — ICY 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 (%)	- -	- -	- -	- -	- -	35.29	-30.55	6.16	19.76	-11.35	29.73	8.37	12.5	0.76	29.87
Return on Assets (%)	-45.58	-13.44	-17.32	-6.8	0.72	7.88	-15.89	4.43	14.72	-8.46	22.33	6.32	9.47	0.53	20.75
Return on Capital (%)	- -	- -	- -	- -	6.64	15.23	- -	6.14	19.42	- -	- -	8.32	12.44	0.75	29.62
Return on Invested Capital (%)	- -	- -	- -	- -	6.32	15.11	- -	6.78	15.97	- -	- -	9.06	9.18	0.14	26.83
Gross Margin (%)	100	99.95	99.82	99.41	96.42	94.74	94.83	95	94.71	95.08	94.94	93.9	93.1	92.64	92.76
EBITDA Margin (%)	-123.01	10.48	3.69	7.16	12.67	18.4	-12.45	9.79	21.15	-7.94	21.55	19.07	19.03	3.55	31.28
Operating Margin (%)	-150.83	0.39	-4.54	-0.94	6.72	14.69	-15.34	8.26	19.53	-9.01	20.11	17.43	17.73	2.39	26.12
Incremental Operating Margin (%)	207.02	70.89	- -	7.22	22.88	31.76	- -	113.14	96.18	- -	263.09	- -	21.17	- -	137.94
Pretax Margin (%)	-197.49	-14.86	-23.34	-9.49	1	9.71	-20.33	6.13	22.55	-8.71	19.1	15.59	22.57	7.47	32.37
Profit Margin (%)	-197.49	-14.92	-23.43	-9.48	0.87	9.43	-20.38	5.82	20.7	-11.09	31.76	10.04	16.17	0.77	25.03
Net Income to Common Margin (%)	-197.49	-14.92	-23.43	-9.48	0.87	9.43	-20.38	5.82	20.7	-11.09	31.76	10.04	16.17	0.77	25.03
Effective Tax Rate (%)	- -	- -	- -	- -	13.57	2.96	- -	5.08	8.19	- -	- -	35.62	28.36	89.7	22.7
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	35.29	-30.55	6.16	19.76	-11.35	29.73	8.37	12.5	0.76	29.87

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	316	331	662	675	620	651	24	36	60	48	45	41	38	44	40
ST Debt	- -	- -	- -	85	- -	- -	7	19	28	15	13	11	9	10	10
LT Debt	316	331	662	590	620	651	17	17	32	33	32	30	29	34	30
Total Debt/EBITDA	-2.72	10.64	50.48	18.44	6.49	3.2	-0.13	0.2	0.13	-0.22	0.07	0.06	0.05	0.29	0.03
Net Debt/EBITDA	-0.37	3.44	14.51	6.09	1.03	- -	4.58	-6.22	-3.97	7.14	-3.2	-4.56	-4.57	-11.21	-1.93
Total Debt/EBIT	-2.21	288.39	-41.09	-140.54	12.24	4.49	-0.1	0.28	0.15	-0.18	0.08	0.07	0.06	0.71	0.03
Net Debt/EBIT	-0.3	93.22	-11.81	-46.39	1.94	-0.01	3.6	-8.87	-4.51	5.74	-3.51	-5.09	-5.18	-27.5	-2.04
EBITDA to Interest Expense	-2.65	0.68	0.34	0.78	2.09	5.25	-27.71	119.37	246.11	-97.46	337.33	242.8	275.65	66.06	662.33
EBITDA-CapEx/Interest Expense	-2.65	0.68	0.34	0.78	2.09	5.25	-27.71	119.37	246.11	-97.46	337.33	242.8	269.77	59.96	652.04
EBIT to Interest Expense	-3.25	0.02	-0.42	-0.1	1.11	4.19	-34.16	100.71	227.33	-110.51	314.74	221.92	256.9	44.43	553.04
Interest Expense	44	46	39	47	46	39	7	2	2	2	2	3	3	2	2
Common Equity/Total Assets	-69.03	-52.95	-30.67	-10.25	16.99	25.6	70.82	72.79	75.83	73.33	76.42	74.82	76.52	63.33	74.27
Long-Term Debt/Equity (%)	- -	- -	- -	- -	362.18	155.31	1.02	0.91	1.23	1.25	0.84	0.69	0.56	0.97	0.58
Long-Term Debt/Capital (%)	354.93	212.07	141.22	99.4	78.36	60.83	1	0.89	1.2	1.23	0.83	0.68	0.56	0.96	0.58
Long-Term Debt/Total Assets (%)	96.11	100.2	105.08	74.07	61.53	39.76	0.72	0.66	0.93	0.91	0.64	0.52	0.43	0.62	0.43
Total Debt/Equity (%)	-139.23	-189.23	-342.59	-827.13	362.18	155.31	1.47	1.88	2.32	1.82	1.19	0.95	0.74	1.26	0.78
Total Debt/Capital (%)	354.93	212.07	141.22	113.75	78.36	60.83	1.45	1.84	2.27	1.79	1.17	0.94	0.73	1.25	0.78
Total Debt/Total Assets (%)	96.11	100.2	105.08	84.77	61.53	39.76	1.04	1.37	1.76	1.33	0.91	0.71	0.56	0.8	0.58
Net Debt to Equity	-18.93	-61.17	-98.46	-273.03	57.52	-0.21	-53.69	-59.53	-69.83	-57.94	-54.57	-67.54	-61.92	-48.96	-59.95
Net Debt/Capital (%)	-23.35	-157.52	-6,401.95	157.79	36.52	-0.21	-115.94	-143.66	-219.67	-132.05	-117.07	-202.13	-159.49	-93.59	-146.81
EBITDA	-116	31	13	37	96	203	-191	184	457	-212	644	647	703	151	1,608
EBITDA-CapEx	-116	31	13	37	96	203	-191	184	457	-212	644	647	688	137	1,583
Operating Income (Loss)	-142	1	-16	-5	51	162	-236	155	422	-240	601	592	655	101	1,343

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	2.05	1.68	4.71	2.72	4.21	2.96	3.12	3.38	4.13	2.85	2.75	2.8	2.95	1.31	2.36
Current Ratio	2.29	2.27	5.14	3.07	5.01	3.64	4.01	4.31	4.83	3.74	3.65	3.54	3.75	1.97	3.32
Quick Ratio	2.09	2.2	5.04	2.98	4.89	3.5	3.83	4.11	4.73	3.62	3.47	3.36	3.55	1.83	3.04
CFO/Avg Current Liab	-1.3	-0.7	0.08	0.16	0.46	1.38	-0.29	0.84	1.51	-0.22	1.01	0.96	0.41	0.23	0.9
Common Equity/Total Assets	-69.03	-52.95	-30.67	-10.25	16.99	25.6	70.82	72.79	75.83	73.33	76.42	74.82	76.52	63.33	74.27
Long-Term Debt/Equity (%)	- -	- -	- -	- -	362.18	155.31	1.02	0.91	1.23	1.25	0.84	0.69	0.56	0.97	0.58
Long-Term Debt/Capital (%)	354.93	212.07	141.22	99.4	78.36	60.83	1	0.89	1.2	1.23	0.83	0.68	0.56	0.96	0.58
Long-Term Debt/Total Assets (%)	96.11	100.2	105.08	74.07	61.53	39.76	0.72	0.66	0.93	0.91	0.64	0.52	0.43	0.62	0.43
Total Debt/Equity (%)	-139.23	-189.23	-342.59	-827.13	362.18	155.31	1.47	1.88	2.32	1.82	1.19	0.95	0.74	1.26	0.78
Total Debt/Capital (%)	354.93	212.07	141.22	113.75	78.36	60.83	1.45	1.84	2.27	1.79	1.17	0.94	0.73	1.25	0.78
Total Debt/Total Assets (%)	96.11	100.2	105.08	84.77	61.53	39.76	1.04	1.37	1.76	1.33	0.91	0.71	0.56	0.8	0.58
CFO/Total Liabilities	-29.08	-18.76	1.12	2.99	10.69	25	-13.84	46.71	85.79	-13.12	64.43	65.94	31.18	16.79	78.94
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33.1	24.12	56.54
Altman's Z-Score	-5.52	-2.94	3.39	6.81	13.96	9.54	17.76	11.58	15.1	12.43	9.81	8.68	6.88	4.95	8.65

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	15.59	7.68	6.68	10.96	8.75	8.4	7.4	6.56	7	6.74	5.44	5.38	5.32	5.31	5.48
Days Sales Outstanding	23.41	47.53	54.67	33.29	41.74	43.44	49.31	55.66	52.11	54.12	67.12	67.8	68.56	68.71	66.65
Inventory Turnover	- -	1.13	1.84	7.86	25.22	19.76	15.01	14	12.44	9.44	6.81	5.92	4.86	5.12	4.65
Days Inventory Outstanding	- -	323.15	198.14	46.41	14.47	18.47	24.31	26.08	29.34	38.68	53.58	61.63	75.13	71.25	78.44
Accounts Payable Turnover	- -	0.03	0.05	0.14	1.04	1.15	1.14	1.1	1.27	1.49	1.2	0.98	1.43	2.01	2.03
Accounts Payable Turnover Days	- -	12,124.71	7,960.42	2,689.59	350.21	318.75	319.43	330.82	288.28	244.2	304.27	371.17	256.02	181.95	179.47
Cash Conversion Cycle	- -	-11,754.03	-7,707.61	-2,609.88	-294	-256.83	-245.81	-249.09	-206.83	-151.4	-183.57	-241.74	-112.33	-41.99	-34.38
Inventory to Cash Days	- -	-275.62	-143.47	-13.12	27.27	24.97	25	29.58	22.77	15.44	13.54	6.18	-6.56	-2.54	-11.79
Inventories	- -	- -	- -	- -	2	4	6	7	11	16	28	42	63	59	101
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	2	4	6	7	11	16	28	42	63	59	101

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	1,875	2,125	8,120	12,643	20,509	19,122	20,287	13,130	19,094	18,916	16,255	17,638	14,102	13,266	19,545
- Cash & Cash Equivalents	273	224	471	452	521	652	900	1,164	1,833	1,513	2,057	2,951	3,213	1,688	3,098
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	316	331	662	675	620	651	24	36	60	48	45	41	38	44	40
Enterprise Value	1,913	2,228	8,273	12,718	20,422	18,964	19,141	11,728	17,037	17,163	13,952	14,440	10,485	11,152	16,005
Total Capital	89	156	468	594	791	1,071	1,655	1,962	2,659	2,659	3,815	4,412	5,228	3,491	5,208
Total Debt/Capital (%)	354.93	212.07	141.22	113.75	78.36	60.83	1.45	1.84	2.27	1.79	1.17	0.94	0.73	1.25	0.78
Total Debt / EV	0.17	0.15	0.08	0.05	0.03	0.03	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	20.26	7.5	23.31	24.86	27.09	17.15	12.46	6.23	7.89	6.44	4.67	4.25	2.84	2.63	3.11
EV/EBITDA	- -	71.58	631.25	347.41	213.76	93.23	- -	63.67	37.32	- -	21.68	22.31	14.91	74.04	9.95
EV/EBIT	- -	1,940.7	- -	- -	403.18	130.79	- -	90.76	42.38	- -	23.82	24.92	16.9	181.72	10.57
EV/Cash Flow to Firm	- -	- -	- -	- -	158.52	55.39	- -	34.73	23.92	- -	- -	14.86	21.04	33.23	11.31
EV/Free Cash Flow to Firm	- -	- -	- -	- -	158.52	55.39	- -	34.73	23.92	- -	- -	14.86	21.69	34.67	11.51
Diluted Market Cap	1,858	2,066	7,394	12,427	20,581	19,656	19,645	13,276	19,225	18,794	16,328	17,734	14,206	14,439	19,766
Diluted Enterprise Value	1,897	2,169	7,546	12,501	20,493	19,499	18,499	11,874	17,168	17,040	14,024	14,536	10,588	12,324	16,226
EV per Share	15.13	16.69	50.76	74.43	109.41	100.42	90.6	54.99	78.81	78.19	63.11	64.83	46.75	57.65	80.65
TTM Sales	94	297	355	511	754	1,106	1,536	1,882	2,159	2,667	2,986	3,395	3,696	4,241	5,141
TTM EBITDA	-116	31	13	37	96	203	-191	184	457	-212	644	647	703	151	1,608
TTM Operating Income	-142	1	-16	-5	51	162	-236	155	422	-240	601	592	655	101	1,343
TTM Cash Flow to Firm	- -	- -	- -	- -	129	342	- -	338	712	- -	- -	972	498	336	1,415
TTM Free Cash Flow to Firm	- -	- -	- -	- -	129	342	- -	338	712	- -	- -	972	483	322	1,390

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	-11.49	-21.79	805.39	473.28	230.19	64.5	-211.26	39.48	27.05	-150.84	21.79	18.28	29.5	44.92	14.24
EV/EBIT	- -	1,940.7	- -	- -	403.18	130.79	- -	90.76	42.38	- -	23.82	24.92	16.9	181.72	10.57
Enterprise Value	1,913	2,228	8,273	12,718	20,422	18,964	19,141	11,728	17,037	17,163	13,952	14,440	10,485	11,152	16,005
Low Price	11.34	14.62	16.4	42.64	69.61	55.93	92.52	59.21	61.21	63.42	62.25	65.04	51.42	50.69	55.69
EV/Sales	20.26	7.5	23.31	24.86	27.09	17.15	12.46	6.23	7.89	6.44	4.67	4.25	2.84	2.63	3.11
EV/EBITDA	- -	71.58	631.25	347.41	213.76	93.23	- -	63.67	37.32	- -	21.68	22.31	14.91	74.04	9.95
Price/Earnings	- -	- -	- -	- -	3,021.73	182.52	- -	119.42	42.48	- -	17.09	51.6	23.53	435.51	14.94
Price/Earnings Average	- -	- -	- -	- -	2,808.14	150.09	- -	141.56	39.36	- -	18.08	48.54	24.67	398.63	11.69
Price/Earnings High	- -	- -	- -	- -	3,684.94	195.53	- -	196.86	46.59	- -	23.53	54.9	32.17	530.86	16.52
Price/Earnings Low	- -	- -	- -	- -	1,914.32	100.82	- -	114.86	29.44	- -	14.47	42.39	19.24	321.9	8.45
Price/Book Value	-8.26	-12.15	-42.05	-154.89	119.83	45.59	12.44	6.82	7.35	7.24	4.31	4.04	2.72	3.85	3.78
Price/Book Value Average	-8.73	-14.64	-23.68	-118.97	111.36	37.49	15.71	8.08	6.81	7.45	4.56	3.8	2.85	3.52	2.96
Price/Book Value High	-11.59	-19.9	-43.47	-168.74	146.13	48.83	19.93	11.24	8.06	9.41	5.94	4.29	3.72	4.69	4.18
Price/Book Value Low	-6.31	-11.16	-13.84	-89.25	75.91	25.18	11.99	6.56	5.09	5.33	3.65	3.32	2.22	2.84	2.14
Price/Tangible Book Value	-7.97	-12.15	-42.05	-154.89	119.83	-2,913.54	16.38	8.44	8.49	8.28	4.69	4.32	2.87	4.17	3.97
Price/Tangible Book Value Average	-8.43	-14.64	-23.68	-118.97	111.36	-2,395.87	20.69	10.01	7.87	8.52	4.97	4.06	3.01	3.82	3.11
Price/Tangible Book Value High	-11.19	-19.9	-43.47	-168.74	146.13	-3,121.11	26.25	13.92	9.31	10.76	6.46	4.59	3.93	5.09	4.39
Price/Tangible Book Value Low	-6.09	-11.16	-13.84	-89.25	75.91	-1,609.35	15.79	8.12	5.88	6.1	3.97	3.55	2.35	3.09	2.25
Price/Sales	19.68	6.96	20.83	24.29	26.18	17.2	12.79	6.95	8.79	7.05	5.43	5.18	3.8	3.35	3.74
Price/Sales Average	20.81	8.38	11.73	18.66	24.33	14.15	16.15	8.24	8.15	7.25	5.74	4.87	3.99	3.07	2.93
Price/Sales High	27.62	11.39	21.53	26.47	31.93	18.43	20.49	11.45	9.65	9.15	7.47	5.51	5.2	4.08	4.13
Price/Sales Low	15.05	6.39	6.86	14	16.59	9.5	12.32	6.68	6.09	5.19	4.59	4.25	3.11	2.48	2.11
Price/Cash Flow	-11.49	-21.79	805.39	473.28	220.73	62.42	-211.26	38.89	26.71	-150.84	21.62	18.12	28.32	42.36	13.6
Price/Cash Flow Average	-12.15	-26.25	453.61	363.54	205.13	51.33	-266.78	46.1	24.75	-155.09	22.89	17.05	29.69	38.77	10.64
Price/Cash Flow High	-16.13	-35.69	832.55	515.61	269.17	66.87	-338.5	64.11	29.3	-195.86	29.78	19.28	38.72	51.63	15.03
Price/Cash Flow Low	-8.79	-20.01	265.06	272.72	139.84	34.48	-203.56	37.4	18.51	-111	18.31	14.89	23.16	31.31	7.69
Price/Free Cash Flow Average	-12.15	-26.25	453.61	363.54	213.92	53.04	-266.78	46.81	25.07	-155.09	23.06	17.2	30.93	41.11	11.14
Price/Free Cash Flow High	-16.13	-35.69	832.55	515.61	280.72	69.09	-338.5	65.09	29.67	-195.86	30	19.45	40.34	54.75	15.73
Price/Free Cash Flow Low	-8.79	-20.01	265.06	272.72	145.83	35.63	-203.56	37.98	18.75	-111	18.44	15.02	24.13	33.2	8.05
EV/Sales Average	21.4	8.97	13.31	19.13	25.17	14.08	15.93	7.53	7.24	6.64	4.99	3.95	3.02	2.36	2.29
EV/Sales High	28.28	12.06	24.08	27.08	33.07	18.38	20.41	10.76	8.75	8.55	6.72	4.59	4.24	3.31	3.51
EV/Sales Low	15.59	6.92	7.96	14.39	17.12	9.41	11.98	5.97	5.18	4.56	3.84	3.33	2.14	1.81	1.46
EV/EBITDA Average	- -	85.56	360.62	267.33	198.59	76.53	- -	76.89	34.25	- -	23.15	20.69	15.88	66.58	7.31
EV/EBITDA High	- -	115.14	652.14	378.29	260.88	99.92	- -	109.9	41.37	- -	31.2	24.05	22.27	93.33	11.23
EV/EBITDA Low	- -	66	215.56	201.05	135.09	51.15	- -	60.95	24.48	- -	17.8	17.44	11.26	51.06	4.67
EV/EBIT Average	- -	2,319.85	- -	- -	374.56	107.36	- -	109.6	38.9	- -	25.44	23.11	17.99	163.42	7.76
EV/EBIT High	- -	3,121.92	- -	- -	492.05	140.19	- -	156.66	46.98	- -	34.28	26.86	25.24	229.05	11.92
EV/EBIT Low	- -	1,789.47	- -	- -	254.79	71.76	- -	86.88	27.8	- -	19.56	19.49	12.76	125.33	4.96
Last Price	14.82	15.92	49.82	73.99	109.88	101.25	96.03	61.57	88.33	86.18	73.52	79.18	62.88	68.58	98.48
High Price	20.81	26.08	51.5	80.61	134	108.47	153.86	101.49	96.88	111.9	101.24	84.24	85.97	83.6	108.86
Enterprise Value Average	2,022	2,663	4,726	9,787	18,972	15,567	24,472	14,163	15,638	17,696	14,901	13,393	11,166	10,028	11,754
Enterprise Value High	2,671	3,584	8,546	13,849	24,923	20,327	31,359	20,244	18,887	22,808	20,079	15,566	15,663	14,056	18,063
Enterprise Value Low	1,472	2,054	2,825	7,360	12,905	10,405	18,401	11,227	11,175	12,166	11,459	11,291	7,916	7,691	7,512

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	126	133	163	171	187	189	211	213	216	219	221	223	224	193	198
Diluted Weighted Avg Shares	125	130	148	168	187	194	205	216	218	218	222	224	226	211	201
Basic Weighted Avg Shares	125	130	148	168	180	188	205	212	215	218	220	222	224	207	195
Revenue per Share	0.75	2.29	2.39	3.05	4.2	5.89	7.51	8.86	10.04	12.23	13.55	15.29	16.53	20.48	26.34
EBITDA per Share	-0.93	0.24	0.09	0.22	0.53	1.08	-0.93	0.87	2.12	-0.97	2.92	2.92	3.14	0.73	8.24
Operating Income per Share	-1.14	0.01	-0.11	-0.03	0.28	0.86	-1.15	0.73	1.96	-1.1	2.72	2.66	2.93	0.49	6.88
Basic EPS, GAAP	-1.49	-0.34	-0.56	-0.29	0.04	0.55	-1.53	0.52	2.08	-1.36	4.3	1.53	2.67	0.16	6.59
Basic EPS from Cont Ops	-1.49	-0.34	-0.56	-0.29	0.04	0.55	-1.53	0.52	2.08	-1.36	4.3	1.53	2.67	0.16	6.59
Diluted EPS, GAAP	-1.49	-0.34	-0.56	-0.29	0.03	0.54	-1.53	0.51	2.05	-1.36	4.27	1.52	2.65	0.15	6.41
Diluted EPS from Cont Ops	-1.49	-0.34	-0.56	-0.29	0.03	0.54	-1.53	0.51	2.05	-1.36	4.27	1.52	2.65	0.15	6.41
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-1.29	-0.73	0.06	0.16	0.5	1.62	-0.45	1.58	3.31	-0.57	3.4	4.37	2.22	1.62	7.24
Free Cash Flow per Basic Share	-1.29	-0.73	0.06	0.16	0.5	1.62	-0.45	1.58	3.31	-0.57	3.4	4.37	2.15	1.55	7.11
Cash & Equivalents per Share	2.19	1.71	3.12	3.51	3.79	4.28	5.54	6.74	9.8	8.21	10.62	14.54	16.3	11.16	18.04
Book Value per Share	-1.8	-1.31	-1.18	-0.48	0.92	2.22	7.72	9.03	12.02	11.9	17.05	19.62	23.14	17.82	26.04
Tangible Book Value per Share	-1.86	-1.31	-1.18	-0.48	0.92	-0.03	5.86	7.29	10.4	10.4	15.67	18.34	21.89	16.43	24.78