Arthur J. Gallagher & Co. Financial Ratios — GAH 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 (%)	12.26	13.44	14.35	11.42	10.39	10.97	12.29	14.51	13.85	14.44	12.34	12.62	9.74	9.46	6.87
Return on Assets (%)	3.57	3.97	4.4	3.6	3.41	3.54	3.65	4.06	3.72	3.9	3.26	3.11	2.16	2.53	2.21
Return on Capital (%)	9.62	10.32	9.96	- -	- -	- -	- -	- -	- -	9.15	8.23	8.64	7	6.64	5.67
Return on Invested Capital (%)	9.62	10.32	11.02	- -	- -	- -	- -	- -	- -	9.89	8.96	8.66	6.96	6.71	5.73
Gross Margin (%)	36.38	36.32	33.25	30.26	29.89	28.21	27.64	28.02	32.15	35.8	36.25	42.07	42.16	42.22	42.58
EBITDA Margin (%)	17.04	17.01	16.34	13.82	13.55	13.98	13.93	14.97	17.98	23.25	21.53	25.54	21.63	26.82	26.05
Operating Margin (%)	11.36	11.57	10.78	8.6	8.11	8.37	8.19	8.91	10.48	14.84	16.29	19.49	18.47	19.75	18.33
Incremental Operating Margin (%)	2.74	12.79	7.75	3.82	5.11	13.33	6.35	15.6	65.7	- -	24.73	96.69	12.69	28.46	11.48
Pretax Margin (%)	9.73	9.73	9.15	6.3	5.44	5.87	5.76	6.92	8.79	12.42	11.88	15.52	11.77	16.23	13.42
Profit Margin (%)	6.75	7.74	8.45	6.56	6.62	6.99	7.71	9.15	9.39	11.68	11.05	13.03	9.63	12.66	10.72
Net Income to Common Margin (%)	6.75	7.74	8.45	6.56	6.62	6.99	7.71	9.15	9.39	11.68	11.05	13.03	9.63	12.66	10.72
Effective Tax Rate (%)	30.65	20.51	2.2	- -	- -	- -	- -	- -	- -	1.47	2.06	15.9	18.48	21.55	19.67
Dvd Payout Ratio (%)	101.18	104.82	60.75	63.45	61.11	58.69	51.17	42.02	42.09	38.71	39.07	38.42	49.27	35.5	44.11
Sustainable Growth Rate (%)	-0.14	-0.65	5.63	4.17	4.04	4.53	6	8.41	8.02	8.85	7.52	7.77	4.94	6.1	3.84

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	685	854	1,456	2,393	2,454	2,848	3,133	3,610	4,948	4,866	6,593	6,415	8,317	13,485	13,485
ST Debt	10	129	631	268	382	704	441	519	791	279	473	552	959	425	866
LT Debt	675	725	825	2,125	2,072	2,145	2,692	3,091	4,157	4,587	6,120	5,863	7,358	13,060	12,619
Total Debt/EBITDA	1.88	1.99	2.8	3.74	3.36	3.59	3.6	3.48	3.86	2.99	3.73	2.94	3.82	4.35	3.71
Net Debt/EBITDA	1.08	1.29	2.23	3.25	2.7	2.9	2.82	2.9	3.13	2.38	3.33	2.46	3.21	-0.59	3.19
Total Debt/EBIT	2.76	2.96	4.27	6.29	6.19	6.42	6.47	5.84	6.14	4.56	5.49	4.05	5.61	5.98	5.37
Net Debt/EBIT	1.58	1.91	3.39	5.46	4.98	5.19	5.07	4.86	4.97	3.64	4.9	3.39	4.72	-0.81	4.61
EBITDA to Interest Expense	8.92	9.97	10.37	7.18	7.09	7.23	7.01	7.49	7.12	8.3	7.82	8.5	7.34	8.13	5.68
EBITDA-CapEx/Interest Expense	7.79	8.78	8.5	6.27	6.13	5.25	7.01	7.49	7.12	8.3	7.82	8.5	7.34	8.13	5.68
EBIT to Interest Expense	5.94	6.78	6.84	4.47	4.24	4.33	4.12	4.46	4.15	5.3	5.91	6.49	6.26	5.99	4
Interest Expense	41	43	50	89	103	110	124	138	180	196	226	257	297	381	639
Common Equity/Total Assets	27.74	30.99	30.4	32.26	33.35	31.3	28.41	27.54	26.26	27.7	25.52	23.84	20.88	31.37	33
Long-Term Debt/Equity (%)	54.28	43.71	39.56	64.29	56.17	58.66	62.61	67.65	79.7	73.59	71.49	63.8	68.04	64.72	54.05
Long-Term Debt/Capital (%)	35	28.85	23.3	37.29	33.73	32.97	36.22	37.79	40.9	41.33	40.38	37.57	38.46	38.79	34.26
Long-Term Debt/Total Assets (%)	15.06	13.55	12.03	21.23	18.99	18.67	18.05	18.93	21.17	20.54	18.35	15.29	14.26	20.33	17.86
Total Debt/Equity (%)	55.08	51.49	69.79	72.4	66.53	77.91	72.87	79.01	94.86	78.06	77.02	69.8	76.9	66.82	57.76
Total Debt/Capital (%)	35.52	33.99	41.1	42	39.95	43.79	42.15	44.14	48.68	43.84	43.51	41.11	43.47	40.06	36.61
Total Debt/Total Assets (%)	15.28	15.96	21.22	23.91	22.49	24.79	21.01	22.1	25.2	21.79	19.77	16.72	16.11	20.99	19.08
Net Debt to Equity	31.67	33.28	55.5	62.89	53.5	62.99	57.02	65.72	76.73	62.25	68.7	58.5	64.66	-9.07	49.57
Net Debt/Capital (%)	24.05	24.97	35.69	38.61	34.85	38.65	36.31	39.66	41.87	37.19	39.87	36.16	38.51	-9.8	32.66
EBITDA	364	429	520	639	731	794	870	1,037	1,280	1,630	1,768	2,184	2,179	3,099	3,632
EBITDA-CapEx	318	378	426	558	632	576	870	1,037	1,280	1,630	1,768	2,184	2,179	3,099	3,632
Operating Income (Loss)	242	292	343	398	437	476	511	617	746	1,040	1,337	1,667	1,860	2,282	2,556

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	0.14	0.13	0.09	0.09	0.11	0.12	0.1	0.08	0.07	0.07	0.02	0.03	0.03	0.51	0.04
Current Ratio	1.06	1.03	0.88	1.05	1.01	0.96	1.08	1.06	1.02	1.1	1.06	1.04	1.03	1.51	1.06
Quick Ratio	0.64	0.59	0.52	0.56	0.6	0.59	0.77	0.78	0.73	0.75	0.76	0.17	0.15	0.65	0.2
CFO/Avg Current Liab	0.16	0.15	0.13	0.13	0.18	0.15	0.15	0.11	0.14	0.19	0.1	0.07	0.08	0.09	0.06
Common Equity/Total Assets	27.74	30.99	30.4	32.26	33.35	31.3	28.41	27.54	26.26	27.7	25.52	23.84	20.88	31.37	33
Long-Term Debt/Equity (%)	54.28	43.71	39.56	64.29	56.17	58.66	62.61	67.65	79.7	73.59	71.49	63.8	68.04	64.72	54.05
Long-Term Debt/Capital (%)	35	28.85	23.3	37.29	33.73	32.97	36.22	37.79	40.9	41.33	40.38	37.57	38.46	38.79	34.26
Long-Term Debt/Total Assets (%)	15.06	13.55	12.03	21.23	18.99	18.67	18.05	18.93	21.17	20.54	18.35	15.29	14.26	20.33	17.86
Total Debt/Equity (%)	55.08	51.49	69.79	72.4	66.53	77.91	72.87	79.01	94.86	78.06	77.02	69.8	76.9	66.82	57.76
Total Debt/Capital (%)	35.52	33.99	41.1	42	39.95	43.79	42.15	44.14	48.68	43.84	43.51	41.11	43.47	40.06	36.61
Total Debt/Total Assets (%)	15.28	15.96	21.22	23.91	22.49	24.79	21.01	22.1	25.2	21.79	19.77	16.72	16.11	20.99	19.08
CFO/Total Liabilities	8.77	9.29	7.8	6.51	9.5	8.29	8.05	6.5	8.26	11.23	5.62	4.77	4.98	5.86	4.08
CFO/CapEx	6.19	6.73	3.98	5.36	6.93	2.98	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	1.78	1.86	1.81	1.96	1.72	1.62	1.36	1.89	1.73

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	- -	2.37	2.67	3.36	3.37	3.17	2.11	1.55	1.39	1.18	0.9	1.17	3.01	3.01	3.07
Days Sales Outstanding	- -	153.75	136.89	108.53	108.18	114.98	173.21	235.65	263.42	308.67	404.35	312.99	121.36	121.34	118.74
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	- -	- -	- -	- -	- -	- -	11,541	13,386	17,805	23,593	35,431	40,161	48,344	71,153	67,670
- Cash & Cash Equivalents	291	302	298	314	480	546	681	607	605	665	403	738	972	14,987	1,396
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	76	50	59	64	71	60	47	52	47	40	26	26
+ Total Debt	685	854	1,456	2,393	2,454	2,848	3,133	3,610	4,948	4,866	6,593	6,415	8,317	13,485	13,485
Enterprise Value	- -	- -	- -	- -	- -	- -	14,057	16,460	22,208	27,840	41,673	45,884	55,730	69,677	79,785
Total Capital	1,929	2,513	3,541	5,698	6,142	6,504	7,433	8,180	10,163	11,098	15,153	15,605	19,133	33,665	36,832
Total Debt/Capital (%)	35.52	33.99	41.1	42	39.95	43.79	42.15	44.14	48.68	43.84	43.51	41.11	43.47	40.06	36.61
Total Debt / EV	- -	- -	- -	- -	- -	- -	0.22	0.22	0.22	0.17	0.16	0.14	0.15	0.19	0.17
EV/Sales	- -	- -	- -	- -	- -	- -	2.25	2.38	3.12	3.97	5.08	5.37	5.53	6.03	5.72
EV/EBITDA	- -	- -	- -	- -	- -	- -	16.16	15.88	17.35	17.08	23.58	21.01	25.58	22.48	21.97
EV/EBIT	- -	- -	- -	- -	- -	- -	29.05	26.64	27.56	26.08	34.69	28.97	37.6	30.89	31.79
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.92	25.82	28.57	24.51	24.18	32.65
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.92	25.82	28.57	24.51	24.18	32.65
Diluted Market Cap	- -	- -	- -	- -	- -	- -	11,613	13,543	17,998	23,757	35,235	40,685	48,937	64,028	68,495
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	14,128	16,617	22,401	28,004	41,477	46,409	56,323	62,552	80,610
EV per Share	- -	- -	- -	- -	- -	- -	77.67	89.45	118.06	143.73	199.87	216.54	257.18	278.71	310.45
TTM Sales	2,135	2,520	3,180	4,627	5,392	5,681	6,246	6,924	7,120	7,009	8,209	8,551	10,072	11,555	13,942
TTM EBITDA	364	429	520	639	731	794	870	1,037	1,280	1,630	1,768	2,184	2,179	3,099	3,632
TTM Operating Income	242	292	343	398	437	476	511	617	746	1,040	1,337	1,667	1,860	2,282	2,556
TTM Cash Flow to Firm	312	377	421	- -	- -	- -	- -	- -	- -	2,001	1,614	1,606	2,274	2,882	2,443
TTM Free Cash Flow to Firm	266	326	328	- -	- -	- -	- -	- -	- -	2,001	1,614	1,606	2,274	2,882	2,443

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	- -	- -	- -	- -	- -	- -	13.59	17.7	15.11	13.15	25.31	29.27	24.08	24.79	35.49
EV/EBIT	- -	- -	- -	- -	- -	- -	29.05	26.64	27.56	26.08	34.69	28.97	37.6	30.89	31.79
Enterprise Value	- -	- -	- -	- -	- -	- -	14,057	16,460	22,208	27,840	41,673	45,884	55,730	69,677	79,785
Low Price	- -	- -	- -	- -	- -	- -	54.73	62.2	70.53	68.66	113.26	146.68	174.55	223.24	236.4
EV/Sales	- -	- -	- -	- -	- -	- -	2.25	2.38	3.12	3.97	5.08	5.37	5.53	6.03	5.72
EV/EBITDA	- -	- -	- -	- -	- -	- -	16.16	15.88	17.35	17.08	23.58	21.01	25.58	22.48	21.97
Price/Earnings	- -	- -	- -	- -	- -	- -	23.86	20.98	26.32	28.41	37.98	35.78	49.43	42.9	45.14
Price/Earnings Average	- -	- -	- -	- -	- -	- -	22.2	20.31	23.81	23.54	31.92	32.66	47.62	40.06	52.04
Price/Earnings High	- -	- -	- -	- -	- -	- -	25.06	22.93	26.68	30.34	38.24	38.21	56.83	48.16	60.38
Price/Earnings Low	- -	- -	- -	- -	- -	- -	20.48	17.94	19.61	16.02	25.32	27.69	38.68	33.65	40.53
Price/Book Value	- -	- -	- -	- -	- -	- -	2.72	2.98	3.45	3.81	4.16	4.39	4.49	3.53	2.9
Price/Book Value Average	- -	- -	- -	- -	- -	- -	2.54	2.88	3.12	3.16	3.5	4.01	4.32	3.3	3.34
Price/Book Value High	- -	- -	- -	- -	- -	- -	2.86	3.25	3.5	4.07	4.19	4.69	5.16	3.96	3.88
Price/Book Value Low	- -	- -	- -	- -	- -	- -	2.34	2.54	2.57	2.15	2.78	3.4	3.51	2.77	2.61
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	-7.33	-7.05	-6.4	-10.08	-8.62	-10.8	-9.06	21.21	-6.8
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	-6.82	-6.82	-5.79	-8.35	-7.24	-9.86	-8.73	19.81	-7.83
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	-7.7	-7.7	-6.49	-10.76	-8.68	-11.54	-10.42	23.82	-9.09
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	-6.29	-6.02	-4.77	-5.68	-5.74	-8.36	-7.09	16.64	-6.1
Price/Sales	- -	- -	- -	- -	- -	- -	1.84	1.92	2.47	3.32	4.2	4.66	4.76	5.43	4.84
Price/Sales Average	- -	- -	- -	- -	- -	- -	1.71	1.86	2.24	2.75	3.53	4.26	4.59	5.07	5.58
Price/Sales High	- -	- -	- -	- -	- -	- -	1.93	2.1	2.51	3.54	4.22	4.98	5.47	6.1	6.47
Price/Sales Low	- -	- -	- -	- -	- -	- -	1.58	1.64	1.84	1.87	2.8	3.61	3.72	4.26	4.34
Price/Cash Flow	- -	- -	- -	- -	- -	- -	13.44	17.38	14.78	12.87	24.74	28.68	23.6	24.3	34.95
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	12.51	16.82	13.37	10.67	20.79	26.18	22.73	22.69	40.28
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	14.12	18.99	14.98	13.75	24.9	30.63	27.13	27.28	46.74
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	11.54	14.86	11.01	7.26	16.49	22.2	18.46	19.06	31.37
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	12.65	17.13	13.67	10.89	21.27	26.72	23.2	23.15	40.91
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	14.28	19.34	15.32	14.04	25.48	31.26	27.69	27.83	47.47
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	11.67	15.13	11.26	7.41	16.87	22.65	18.84	19.44	31.86
EV/Sales Average	- -	- -	- -	- -	- -	- -	2.12	2.32	2.88	3.39	4.39	4.96	5.36	5.62	6.46
EV/Sales High	- -	- -	- -	- -	- -	- -	2.34	2.56	3.15	4.2	5.11	5.69	6.25	6.79	7.36
EV/Sales Low	- -	- -	- -	- -	- -	- -	1.99	2.1	2.48	2.5	3.64	4.3	4.49	4.7	5.23
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	15.24	15.46	16.02	14.6	20.38	19.41	24.76	20.96	24.81
EV/EBITDA High	- -	- -	- -	- -	- -	- -	16.83	17.07	17.53	18.06	23.71	22.27	28.9	25.3	28.26
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	14.28	14	13.8	10.77	16.89	16.86	20.75	17.53	20.06
EV/EBIT Average	- -	- -	- -	- -	- -	- -	27.4	25.95	25.45	22.3	29.99	26.76	36.41	28.8	35.9
EV/EBIT High	- -	- -	- -	- -	- -	- -	30.25	28.65	27.86	27.58	34.89	30.69	42.49	34.75	40.89
EV/EBIT Low	- -	- -	- -	- -	- -	- -	25.67	23.5	21.92	16.44	24.86	23.24	30.51	24.08	29.03
Last Price	- -	- -	- -	- -	- -	- -	63.77	72.75	94.66	121.8	169.93	189.53	223.09	284.61	263.31
High Price	- -	- -	- -	- -	- -	- -	66.97	79.49	95.94	130.06	171.09	202.42	256.48	319.51	352.18
Enterprise Value Average	- -	- -	- -	- -	- -	- -	13,257	16,029	20,507	23,796	36,023	42,383	53,960	64,967	90,120
Enterprise Value High	- -	- -	- -	- -	- -	- -	14,638	17,700	22,449	29,440	41,913	48,617	62,966	78,401	102,626
Enterprise Value Low	- -	- -	- -	- -	- -	- -	12,423	14,518	17,669	17,547	29,858	36,805	45,210	54,335	72,869

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	115	126	134	165	177	178	181	184	188	194	209	212	217	250	257
Diluted Weighted Avg Shares	112	122	130	154	173	178	182	186	190	195	207	215	219	225	260
Basic Weighted Avg Shares	112	121	129	153	172	178	180	183	186	191	203	210	215	221	256
Revenue per Share	19.12	20.83	24.67	30.27	31.31	31.99	34.68	37.89	38.28	36.7	40.5	40.65	46.86	52.4	54.43
EBITDA per Share	3.26	3.54	4.03	4.18	4.24	4.47	4.83	5.67	6.88	8.53	8.72	10.38	10.14	14.05	14.18
Operating Income per Share	2.17	2.41	2.66	2.6	2.54	2.68	2.84	3.38	4.01	5.45	6.6	7.93	8.65	10.35	9.98
Basic EPS, GAAP	1.29	1.61	2.08	1.98	2.07	2.23	2.67	3.47	3.6	4.29	4.47	5.3	4.51	6.63	5.83
Basic EPS from Cont Ops	1.29	1.61	2.21	2.14	2.26	2.42	2.87	3.7	3.85	4.49	4.71	5.31	4.49	6.67	5.87
Diluted EPS, GAAP	1.28	1.59	2.06	1.97	2.06	2.22	2.64	3.4	3.52	4.2	4.37	5.19	4.42	6.5	5.74
Diluted EPS from Cont Ops	1.28	1.59	2.18	2.12	2.25	2.41	2.84	3.63	3.76	4.4	4.61	5.2	4.4	6.54	5.78
Dividend per Share	1.31	1.69	1.42	1.46	1.5	1.53	1.57	1.65	1.73	1.82	1.93	2.04	2.21	2.38	2.6
Cash Flow per Share	2.54	2.83	2.89	2.86	3.98	3.66	4.74	4.19	6.4	9.46	6.87	6.61	9.45	11.71	7.53
Free Cash Flow per Basic Share	2.13	2.41	2.16	2.32	3.41	2.43	4.74	4.19	6.4	9.46	6.87	6.61	9.45	11.71	7.53
Cash & Equivalents per Share	2.54	2.41	2.23	1.91	2.72	3.06	3.76	3.3	3.22	3.43	1.93	3.48	4.48	59.95	5.43
Book Value per Share	10.84	13.21	15.61	19.62	20.57	20.17	23.4	24.45	27.41	31.94	40.81	43.15	49.72	80.62	90.74
Tangible Book Value per Share	-4.13	-4.97	-8.52	-12.13	-9.74	-10.09	-8.7	-10.32	-14.79	-12.08	-19.72	-17.55	-24.61	13.42	-38.74