Molson Coors Beverage Company Financial Ratios — TAP.A 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 (%)	8.76	5.67	6.85	6.24	5.3	17.27	12.83	8.43	1.8	-7.36	7.8	-1.34	7.33	8.54	-18.35
Return on Assets (%)	5.38	3.09	3.57	3.48	3.01	7.66	5.25	3.7	0.82	-3.38	3.66	-0.66	3.63	4.28	-8.77
Return on Capital (%)	8.01	5.31	5.76	5.43	4.71	10.27	- -	5.56	1.62	- -	5.82	- -	5.71	6.63	- -
Return on Invested Capital (%)	7.68	5.56	5.45	5.3	4.54	10.18	- -	5.53	1.65	- -	5.61	- -	5.53	6.78	- -
Gross Margin (%)	41.72	39.93	39.48	39.87	40.25	38.61	43.32	38.86	39.71	39.03	39.43	34.16	37.33	38.99	38.37
EBITDA Margin (%)	31.58	29.11	26.78	25.07	24.71	75.97	22.64	23.11	15.34	5.31	21.8	7.87	18.19	21.71	-14.46
Operating Margin (%)	12.73	11.18	11.1	11.8	11.15	5.91	15.58	12.83	13.93	13.79	14.58	9.69	13.58	15.62	14.64
Incremental Operating Margin (%)	6.85	- -	9.94	- -	15.81	- -	23.3	142.37	- -	15.33	26.79	- -	55.19	- -	38.09
Pretax Margin (%)	22.02	15.12	15.56	14.14	12.78	62.52	12.57	12.63	4.54	-6.67	12.05	-0.58	10.7	12.93	-22.6
Profit Margin (%)	19.24	11.31	13.49	12.4	11.08	32.63	14.23	10.37	2.28	-9.83	9.78	-1.64	8.11	9.65	-19.21
Net Income to Common Margin (%)	19.24	11.31	13.49	12.4	11.08	32.63	14.23	10.37	2.28	-9.83	9.78	-1.64	8.11	9.65	-19.21
Effective Tax Rate (%)	12.84	26.09	12.83	11.77	13.48	47.62	- -	16.56	48.7	- -	18.6	- -	23.64	22.97	- -
Dvd Payout Ratio (%)	33.76	53.54	40.75	52.5	76.25	21.98	21.95	30.73	169.29	-13.3	14.61	-166.57	36.8	30.95	-16.94
Sustainable Growth Rate (%)	5.8	2.64	4.06	2.96	1.26	13.47	10.02	5.84	-1.24	-8.34	6.66	-3.58	4.63	5.9	-21.46

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	1,962	4,668	3,800	3,170	2,937	12,073	11,314	10,488	9,084	8,275	7,208	6,607	6,271	6,193	6,352
ST Debt	47	1,246	587	849	29	685	715	1,595	975	1,067	560	442	959	79	2,487
LT Debt	1,915	3,423	3,213	2,321	2,909	11,388	10,599	8,894	8,110	7,208	6,647	6,165	5,312	6,114	3,865
Total Debt/EBITDA	1.77	4.09	3.37	3.05	3.33	3.25	4.54	4.21	5.6	16.13	3.22	7.84	2.95	2.45	-3.94
Net Debt/EBITDA	0.8	3.55	2.98	2.45	2.84	3.1	4.37	3.79	5.24	14.54	2.91	7.08	2.52	2.05	-3.35
Total Debt/EBIT	2.2	5.38	4.72	4.36	5.18	3.63	6.74	6.43	11.88	-20.24	4.96	41.95	4.36	3.53	-2.72
Net Debt/EBIT	0.99	4.66	4.17	3.5	4.42	3.46	6.49	5.78	11.14	-18.24	4.49	37.86	3.72	2.95	-2.31
EBITDA to Interest Expense	9.35	5.81	6.13	7.17	7.33	13.66	7.13	8.13	5.78	1.87	8.61	3.36	9.1	8.93	-6.5
EBITDA-CapEx/Interest Expense	7.37	4.68	4.53	5.38	5.04	12.41	5.41	6	3.67	-0.22	6.6	0.72	6.23	6.54	-9.39
EBIT to Interest Expense	3.77	2.23	2.54	3.37	3.31	1.06	4.91	4.51	5.24	4.85	5.76	4.14	6.79	6.42	6.58
Interest Expense	119	196	184	145	120	272	349	306	281	275	260	251	234	283	248
Common Equity/Total Assets	61.56	49.14	55.23	56.25	57.37	38.92	42.91	44.86	46.5	45.24	48.58	49.06	50.03	50.23	44.99
Long-Term Debt/Equity (%)	24.9	42.83	37.23	29.44	41.18	97.99	80.37	64.75	59.31	57.11	48.65	47.74	39.54	45.45	36.66
Long-Term Debt/Capital (%)	19.84	27.03	25.85	21	29.09	48.06	43.26	36.71	35.63	34.49	31.85	31.58	26.96	31.12	22.88
Long-Term Debt/Total Assets (%)	15.41	21.11	20.62	16.6	23.69	38.81	35.04	29.54	28.1	26.37	24.07	23.83	20.14	23.46	17
Total Debt/Equity (%)	25.51	58.41	44.03	40.2	41.59	103.88	85.79	76.36	66.44	65.57	52.75	51.16	46.67	46.03	60.25
Total Debt/Capital (%)	20.33	36.87	30.57	28.67	29.37	50.95	46.18	43.3	39.92	39.6	34.53	33.84	31.82	31.52	37.6
Total Debt/Total Assets (%)	15.79	28.79	24.39	22.68	23.93	41.14	37.4	34.83	31.48	30.28	26.1	25.54	23.78	23.76	27.94
Net Debt to Equity	11.48	50.6	38.91	32.28	35.49	99.05	82.62	68.66	62.27	59.09	47.75	46.16	39.86	38.48	51.25
Net Debt/Capital (%)	10.3	33.6	28.01	24.4	26.19	49.76	45.24	40.71	38.29	37.06	32.25	31.51	28.43	27.72	33.77
EBITDA	1,110	1,140	1,126	1,040	882	3,711	2,491	2,489	1,623	513	2,241	842	2,129	2,524	-1,611
EBITDA-CapEx	875	918	832	780	607	3,369	1,891	1,838	1,030	-62	1,718	181	1,457	1,850	-2,328
Operating Income (Loss)	448	438	467	489	398	289	1,714	1,382	1,473	1,331	1,499	1,036	1,589	1,816	1,631

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	0.84	0.24	0.2	0.27	0.35	0.18	0.12	0.25	0.14	0.2	0.18	0.18	0.21	0.32	0.17
Current Ratio	1.66	0.67	0.71	0.68	1.03	0.69	0.64	0.64	0.59	0.62	0.77	0.78	0.7	0.94	0.55
Quick Ratio	1.41	0.53	0.54	0.54	0.79	0.43	0.39	0.45	0.36	0.37	0.42	0.43	0.43	0.6	0.34
CFO/Avg Current Liab	0.66	0.51	0.49	0.57	0.4	0.52	0.57	0.61	0.47	0.45	0.42	0.43	0.56	0.54	0.43
Common Equity/Total Assets	61.56	49.14	55.23	56.25	57.37	38.92	42.91	44.86	46.5	45.24	48.58	49.06	50.03	50.23	44.99
Long-Term Debt/Equity (%)	24.9	42.83	37.23	29.44	41.18	97.99	80.37	64.75	59.31	57.11	48.65	47.74	39.54	45.45	36.66
Long-Term Debt/Capital (%)	19.84	27.03	25.85	21	29.09	48.06	43.26	36.71	35.63	34.49	31.85	31.58	26.96	31.12	22.88
Long-Term Debt/Total Assets (%)	15.41	21.11	20.62	16.6	23.69	38.81	35.04	29.54	28.1	26.37	24.07	23.83	20.14	23.46	17
Total Debt/Equity (%)	25.51	58.41	44.03	40.2	41.59	103.88	85.79	76.36	66.44	65.57	52.75	51.16	46.67	46.03	60.25
Total Debt/Capital (%)	20.33	36.87	30.57	28.67	29.37	50.95	46.18	43.3	39.92	39.6	34.53	33.84	31.82	31.52	37.6
Total Debt/Total Assets (%)	15.79	28.79	24.39	22.68	23.93	41.14	37.4	34.83	31.48	30.28	26.1	25.54	23.78	23.76	27.94
CFO/Total Liabilities	18.34	11.97	16.81	21.13	13.73	6.36	10.94	14.24	12.49	11.53	11.28	11.6	16.07	15.15	14.63
CFO/CapEx	3.69	4.43	3.97	4.96	2.6	3.3	3.11	3.58	3.2	2.95	3.01	2.27	3.1	2.83	2.49
Altman's Z-Score	2.59	1.98	2.46	3.4	3.7	2.48	3.84	3.42	3.68	3.28	3.46	3.6	3.62	3.96	2.83

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	6.39	6.88	7.12	7.81	7.96	9.2	15.91	14.71	14.67	15.38	16.74	15.09	15.63	16.03	15.96
Days Sales Outstanding	57.14	53.04	51.25	46.73	45.88	39.69	22.93	24.81	24.87	23.73	21.81	24.2	23.36	22.77	22.87
Inventory Turnover	8.6	9.98	10.67	10.81	10.51	7.77	10.53	11.13	10.56	9.19	8.48	8.82	9.19	9.27	9.51
Days Inventory Outstanding	42.44	36.57	34.2	33.75	34.72	46.98	34.65	32.8	34.56	39.7	43.06	41.38	39.7	39.37	38.37
Accounts Payable Turnover	8.18	6.23	4.66	4.08	3.54	3.67	4.35	4.13	3.88	3.47	3.32	3.38	3.63	3.64	3.71
Accounts Payable Turnover Days	44.6	58.54	78.37	89.44	103.09	99.33	83.89	88.28	94.17	105.16	109.81	108.1	100.64	100.25	98.46
Cash Conversion Cycle	54.98	31.07	7.08	-8.96	-22.5	-12.66	-26.3	-30.67	-34.74	-41.74	-44.94	-42.52	-37.58	-38.11	-37.21
Inventory to Cash Days	14.7	16.47	17.04	12.98	11.16	-7.29	-11.72	-7.98	-9.68	-15.96	-21.25	-17.19	-16.34	-16.59	-15.5
Inventories	229	242	235	226	179	593	592	592	616	664	805	793	802	728	716
Raw Materials	64	72	67	59	19	239	232	224	227	242	271	290	275	261	235
Work In Process	15	20	23	21	13	82	85	83	84	73	72	72	97	84	83
Finished Goods	141	140	133	135	139	214	222	230	237	267	352	269	246	246	267
Other Inventory	15	17	19	17	14	59	52	54	68	83	110	162	184	137	132

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	6,660	6,541	8,586	15,890	14,607	17,785	15,287	11,287	11,939	11,480	10,635	14,074	11,676	9,829	7,495
- Cash & Cash Equivalents	1,079	624	442	625	431	561	419	1,058	523	770	637	600	869	969	897
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	42	25	25	23	20	203	209	228	254	256	247	226	239	360	312
+ Total Debt	1,962	4,668	3,800	3,170	2,937	12,073	11,314	10,488	9,084	8,275	7,208	6,607	6,271	6,193	6,352
Enterprise Value	7,586	10,610	11,968	18,459	17,133	29,500	26,391	20,945	20,754	19,242	17,452	20,306	17,317	15,413	13,263
Total Capital	9,652	12,660	12,430	11,056	10,001	23,694	24,501	24,224	22,757	20,897	20,872	19,522	19,706	19,646	16,895
Total Debt/Capital (%)	20.33	36.87	30.57	28.67	29.37	50.95	46.18	43.3	39.92	39.6	34.53	33.84	31.82	31.52	37.6
Total Debt / EV	0.26	0.44	0.32	0.17	0.17	0.41	0.43	0.5	0.44	0.43	0.41	0.33	0.36	0.4	0.48
EV/Sales	2.16	2.71	2.85	4.45	4.8	6.04	2.4	1.94	1.96	1.99	1.7	1.9	1.48	1.33	1.19
EV/EBITDA	6.83	9.31	10.63	17.76	19.43	7.95	10.6	8.41	12.78	37.5	7.79	24.11	8.13	6.11	- -
EV/EBIT	8.49	12.23	14.85	25.41	30.21	8.88	15.73	12.84	27.15	- -	12	128.93	12.04	8.79	- -
EV/Cash Flow to Firm	7.81	9.4	9.01	13.04	20.89	23.24	- -	8.1	10.17	- -	9.78	- -	7.67	7.24	- -
EV/Free Cash Flow to Firm	10.3	11.7	11.57	15.96	31.44	31.81	- -	10.82	14.34	- -	13.82	- -	10.92	10.6	- -
Diluted Market Cap	6,897	6,552	8,586	15,942	14,757	17,661	15,365	11,317	11,972	11,486	10,665	14,113	11,895	10,156	7,823
Diluted Enterprise Value	7,822	10,621	11,968	18,510	17,284	29,375	26,469	20,975	20,786	19,248	17,482	20,345	17,536	15,740	13,591
EV per Share	49.87	69.18	76.89	117.76	109.9	162.45	145	114.74	113.54	105.09	95.18	111.1	96.08	89.79	82.29
TTM Sales	3,516	3,917	4,206	4,146	3,568	4,885	11,003	10,770	10,579	9,654	10,280	10,701	11,702	11,627	11,141
TTM EBITDA	1,110	1,140	1,126	1,040	882	3,711	2,491	2,489	1,623	513	2,241	842	2,129	2,524	-1,611
TTM Operating Income	448	438	467	489	398	289	1,714	1,382	1,473	1,331	1,499	1,036	1,589	1,816	1,631
TTM Cash Flow to Firm	972	1,129	1,328	1,416	820	1,269	- -	2,587	2,041	- -	1,785	- -	2,258	2,128	- -
TTM Free Cash Flow to Firm	736	906	1,035	1,156	545	927	- -	1,935	1,448	- -	1,263	- -	1,586	1,454	- -

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	10.9	8.61	9.82	15.5	33.47	22.5	12.13	6.74	9.18	10.25	10.15	16.79	8.45	8.22	7.33
EV/EBIT	8.49	12.23	14.85	25.41	30.21	8.88	15.73	12.84	27.15	- -	12	128.93	12.04	8.79	- -
Enterprise Value	7,586	10,610	11,968	18,459	17,133	29,500	26,391	20,945	20,754	19,242	17,452	20,306	17,317	15,413	13,263
Low Price	39.25	38.5	41.75	51.64	65.5	81.97	79.84	58.93	54	42	45.29	52.3	55.16	54.51	41.1
EV/Sales	2.16	2.71	2.85	4.45	4.8	6.04	2.4	1.94	1.96	1.99	1.7	1.9	1.48	1.33	1.19
EV/EBITDA	6.83	9.31	10.63	17.76	19.43	7.95	10.6	8.41	12.78	37.5	7.79	24.11	8.13	6.11	- -
Price/Earnings	10.12	14.71	15.04	30.81	37.12	11.01	9.76	10.11	49.46	- -	10.58	- -	12.46	9	- -
Price/Earnings Average	10.25	14.76	13.62	21.91	32.61	11.12	10.37	11.78	47.48	- -	10.4	- -	12.91	9.41	- -
Price/Earnings High	11.61	15.97	15.19	31.13	38.04	12.38	12.56	14.39	54.14	- -	12.54	- -	18.79	10.78	- -
Price/Earnings Low	9.07	13.28	11.38	15.7	25.95	9.21	9.28	9.63	40.89	- -	8.26	- -	10.61	8.57	- -
Price/Book Value	0.87	0.82	1	2.02	2.07	1.56	1.18	0.84	0.89	0.93	0.79	1.11	0.88	0.75	0.73
Price/Book Value Average	0.88	0.82	0.9	1.44	1.82	1.57	1.25	0.97	0.85	0.86	0.78	0.91	0.92	0.78	0.84
Price/Book Value High	1	0.89	1.01	2.04	2.13	1.75	1.51	1.19	0.97	1.18	0.94	1.28	1.33	0.9	1.04
Price/Book Value Low	0.78	0.74	0.76	1.03	1.45	1.3	1.12	0.8	0.74	0.62	0.62	0.75	0.75	0.71	0.65
Price/Tangible Book Value	4.14	-3.8	-13.44	-188.95	46.52	-1.64	-1.57	-1.32	-1.52	-1.56	-1.77	-2.61	-2.46	-2.1	-2.02
Price/Tangible Book Value Average	4.2	-3.81	-12.18	-134.36	40.86	-1.65	-1.67	-1.54	-1.46	-1.45	-1.74	-2.14	-2.55	-2.19	-2.32
Price/Tangible Book Value High	4.75	-4.13	-13.58	-190.86	47.66	-1.84	-2.02	-1.88	-1.66	-2	-2.09	-3	-3.71	-2.51	-2.86
Price/Tangible Book Value Low	3.71	-3.43	-10.18	-96.25	32.52	-1.37	-1.49	-1.26	-1.25	-1.05	-1.38	-1.77	-2.1	-2	-1.79
Price/Sales	1.95	1.66	2.03	3.82	4.11	3.59	1.39	1.05	1.13	1.19	1.04	1.32	1.01	0.87	0.7
Price/Sales Average	1.97	1.67	1.84	2.72	3.61	3.63	1.48	1.22	1.08	1.1	1.02	1.08	1.05	0.91	0.81
Price/Sales High	2.23	1.81	2.05	3.86	4.21	4.04	1.79	1.49	1.24	1.52	1.23	1.52	1.52	1.04	0.99
Price/Sales Low	1.74	1.5	1.53	1.95	2.87	3.01	1.32	1	0.93	0.8	0.81	0.9	0.86	0.83	0.62
Price/Cash Flow	7.88	6.62	7.3	12.3	20.49	15.57	8.19	4.84	6.3	6.77	6.76	9.4	5.69	5.29	4.38
Price/Cash Flow Average	7.99	6.65	6.61	8.75	18	15.73	8.7	5.64	6.05	6.28	6.65	7.71	5.89	5.53	5.03
Price/Cash Flow High	9.04	7.19	7.38	12.42	21	17.51	10.53	6.89	6.9	8.64	8.02	10.82	8.58	6.34	6.21
Price/Cash Flow Low	7.06	5.98	5.53	6.26	14.33	13.03	7.79	4.61	5.21	4.54	5.28	6.38	4.84	5.03	3.88
Price/Free Cash Flow Average	11.05	8.64	8.89	11.02	29.4	22.73	12.88	7.85	8.82	9.5	9.97	13.78	8.76	8.59	8.4
Price/Free Cash Flow High	12.51	9.34	9.92	15.66	34.3	25.3	15.6	9.59	10.05	13.07	12.03	19.34	12.75	9.84	10.37
Price/Free Cash Flow Low	9.77	7.77	7.43	7.9	23.4	18.83	11.53	6.42	7.59	6.86	7.92	11.4	7.2	7.82	6.48
EV/Sales Average	2.18	2.71	2.65	3.34	4.3	6.08	2.48	2.12	1.92	1.91	1.68	1.66	1.52	1.36	1.29
EV/Sales High	2.44	2.85	2.87	4.49	4.9	6.49	2.8	2.39	2.07	2.32	1.89	2.1	1.99	1.49	1.47
EV/Sales Low	1.96	2.55	2.35	2.57	3.57	5.45	2.33	1.9	1.77	1.6	1.47	1.48	1.33	1.29	1.11
EV/EBITDA Average	6.91	9.33	9.91	13.34	17.42	8	10.98	9.16	12.49	35.86	7.71	21.12	8.33	6.28	- -
EV/EBITDA High	7.72	9.8	10.7	17.91	19.84	8.55	12.35	10.33	13.48	43.67	8.67	26.65	10.92	6.88	- -
EV/EBITDA Low	6.21	8.75	8.77	10.26	14.45	7.17	10.29	8.2	11.51	30.11	6.75	18.75	7.32	5.92	- -
EV/EBIT Average	8.59	12.26	13.85	19.09	27.08	8.93	16.3	13.98	26.52	- -	11.87	112.93	12.33	9.05	- -
EV/EBIT High	9.59	12.88	14.96	25.63	30.84	9.55	18.34	15.76	28.63	- -	13.35	142.5	16.17	9.9	- -
EV/EBIT Low	7.72	11.5	12.26	14.68	22.46	8.01	15.28	12.51	24.44	- -	10.4	100.26	10.84	8.52	- -
Last Price	43.79	42.65	55.16	101.38	93.69	97.94	83.99	61.83	65.32	62.7	58	77	64.78	57.26	46.5
High Price	50.25	46.3	55.72	102.4	96	110.17	108	88	71.5	80	68.75	88.7	97.7	68.6	65.82
Enterprise Value Average	7,675	10,633	11,158	13,868	15,357	29,684	27,341	22,810	20,275	18,399	17,270	17,786	17,737	15,858	14,363
Enterprise Value High	8,568	11,170	12,055	18,619	17,493	31,720	30,761	25,723	21,884	22,409	19,423	22,445	23,250	17,360	16,377
Enterprise Value Low	6,895	9,973	9,881	10,663	12,738	26,600	25,636	20,416	18,685	15,452	15,122	15,792	15,583	14,941	12,392

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	152	153	156	157	156	182	182	183	183	183	183	183	180	172	161
Diluted Weighted Avg Shares	158	154	156	157	158	180	183	183	183	183	184	183	184	177	168
Basic Weighted Avg Shares	156	153	155	156	157	179	182	183	183	183	183	183	183	176	168
Revenue per Share	22.5	25.64	27.2	26.54	22.78	27.27	60.45	59	57.8	52.7	56.04	58.39	64.11	65.9	66.22
EBITDA per Share	7.11	7.46	7.28	6.65	5.63	20.72	13.68	13.64	8.87	2.8	12.21	4.6	11.66	14.3	-9.58
Operating Income per Share	2.86	2.87	3.02	3.13	2.54	1.61	9.42	7.57	8.05	7.27	8.17	5.65	8.71	10.29	9.69
Basic EPS, GAAP	4.33	2.9	3.67	3.29	2.52	8.9	8.6	6.12	1.32	-5.18	5.48	-0.96	5.2	6.36	-12.72
Basic EPS from Cont Ops	4.32	2.86	3.69	3.31	2.52	8.93	8.72	6.22	1.35	-5.16	5.5	-1.02	5.24	6.56	-12.96
Diluted EPS, GAAP	4.29	2.88	3.64	3.27	2.51	8.84	8.56	6.1	1.32	-5.18	5.47	-0.96	5.17	6.33	-12.72
Diluted EPS from Cont Ops	4.28	2.85	3.67	3.29	2.51	8.87	8.68	6.2	1.34	-5.16	5.48	-1.02	5.21	6.53	-12.96
Dividend per Share	1.46	1.52	1.52	1.75	1.94	1.97	1.94	1.94	2.32	0.68	0.81	1.8	1.94	2.09	2.24
Cash Flow per Share	5.56	6.44	7.55	8.24	4.57	6.29	10.25	12.77	10.37	9.26	8.58	8.2	11.39	10.83	10.61
Free Cash Flow per Basic Share	4.05	4.98	5.65	6.58	2.82	4.38	6.96	9.2	7.12	6.12	5.73	4.59	7.71	7.01	6.35
Cash & Equivalents per Share	7.09	4.07	2.84	3.98	2.76	3.09	2.3	5.8	2.86	4.21	3.48	3.28	4.82	5.65	5.56
Book Value per Share	50.28	51.95	55.29	50.17	45.18	62.88	71.3	74	73.42	67.53	73.17	69.43	73.21	76.27	63.47
Tangible Book Value per Share	10.58	-11.22	-4.1	-0.54	2.01	-59.82	-53.42	-46.73	-43.05	-40.1	-32.84	-29.56	-26.32	-27.29	-22.99