Simon Property Group, Inc. Financial Ratios — SQI 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 (%)	21.76	27.34	22.56	25.89	38.5	42.22	49.17	70.66	73.14	40.47	71.12	66.58	75.01	80.49	114.62
Return on Assets (%)	4.01	4.88	4	4.48	6.08	5.96	6.15	7.75	6.79	3.37	6.56	6.41	6.79	7.11	12.68
Return on Capital (%)	7.51	8.11	7.15	7.58	8.92	8.57	8.58	10.15	9.28	- -	8.77	8.61	9.34	9.94	15.12
Return on Invested Capital (%)	8.13	7.3	7.11	8.3	9.7	9.63	9.71	10.24	10.44	- -	7.44	8.4	9.15	10.47	9.81
Gross Margin (%)	78.64	81.19	81.56	81.88	81.77	82.13	82.27	82.15	82.25	80.75	81.02	81.08	81.83	82.5	81.9
EBITDA Margin (%)	70.95	77.71	77.5	75.37	74.21	74.49	75.26	75.75	74.84	72.2	73.07	73.24	73.17	74.66	74.31
Operating Margin (%)	45.12	46.99	48.17	48.97	50.68	50.06	50.7	51.84	50.61	42.8	47.16	48.83	49.6	51.86	49.89
Incremental Operating Margin (%)	36.51	- -	65.65	60.15	71.73	30.72	88.5	105.09	- -	81.99	86.67	97.54	60.83	93.71	20.61
Pretax Margin (%)	29.2	37.1	30.95	33.88	41.01	39.82	41.04	50.65	42.63	27.62	53.27	47.92	47.69	46.15	84.84
Profit Margin (%)	23.8	33.7	29.04	28.92	34.71	33.83	35.24	43.22	36.52	24.15	43.97	40.43	40.35	39.75	72.71
Net Income to Common Margin (%)	23.72	33.63	28.97	28.85	34.64	33.77	35.18	43.16	36.46	24.07	43.9	40.37	40.29	39.7	72.66
Effective Tax Rate (%)	0.92	1	2.81	1.7	0.93	1.37	1.03	1.29	1.23	- -	5.77	3.29	3.03	0.85	0.66
Dvd Payout Ratio (%)	84.77	80.32	105.75	100.65	89.58	96.93	101.18	88.04	107.46	115.44	93.17	93.74	94.77	98.66	52.98
Sustainable Growth Rate (%)	3.31	5.38	-1.3	-0.17	4.01	1.3	-0.58	8.45	-5.46	-6.25	4.86	4.16	3.92	1.08	53.9

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	18,446	23,113	22,670	20,853	22,417	22,977	24,632	23,306	24,680	27,239	25,828	25,458	26,518	24,785	29,187
ST Debt	- -	- -	- -	409	879	954	978	759	1,327	623	500	- -	- -	- -	355
LT Debt	18,446	23,113	22,670	20,444	21,538	22,023	23,654	22,547	23,353	26,616	25,328	25,458	26,518	24,785	28,832
Total Debt/EBITDA	6.04	6.99	6.44	5.68	5.74	5.68	5.92	5.45	5.73	8.19	6.91	6.57	6.4	5.57	6.17
Net Debt/EBITDA	5.78	6.63	5.96	5.51	5.56	5.54	5.57	5.33	5.45	7.73	6.63	6.28	6.01	5.13	5.84
Total Debt/EBIT	9.49	11.52	10.36	8.74	8.4	8.44	8.79	7.96	8.47	13.81	10.7	9.85	9.45	8.01	9.19
Net Debt/EBIT	9.08	10.93	9.59	8.49	8.14	8.24	8.26	7.79	8.07	13.04	10.27	9.42	8.86	7.39	8.69
EBITDA to Interest Expense	3.11	3.1	3.25	3.7	4.23	4.72	5.14	5.24	5.46	4.24	4.7	5.09	4.84	4.92	4.85
EBITDA-CapEx/Interest Expense	3.11	3.1	3.25	3.7	4.23	4.72	5.14	5.24	5.46	4.24	4.7	5.09	4.84	4.92	4.85
EBIT to Interest Expense	1.98	1.87	2.02	2.4	2.89	3.17	3.46	3.59	3.69	2.51	3.03	3.39	3.28	3.41	3.26
Interest Expense	984	1,068	1,082	993	924	858	809	816	789	784	796	761	855	906	975
Common Equity/Total Assets	17.56	18	17.42	17.1	14.49	13.72	11.29	10.6	7.95	8.62	9.83	9.38	8.7	8.95	12.73
Long-Term Debt/Equity (%)	317.37	326.87	323.25	342.04	410.88	432.03	534.04	559.88	746.03	727.56	575.54	665.77	719.12	688.57	429.98
Long-Term Debt/Capital (%)	76.04	76.57	76.37	76.2	77.87	78.45	81.39	82.49	83.97	86.14	83.79	86.94	87.79	87.32	80.33
Long-Term Debt/Total Assets (%)	70.36	70.93	68.03	69.23	70.47	70.81	73.33	73.48	74.77	76.51	74.98	77.12	77.35	76.48	71
Total Debt/Equity (%)	317.37	326.87	323.25	348.88	427.64	450.74	556.13	578.71	788.42	744.59	586.9	665.77	719.12	688.57	435.27
Total Debt/Capital (%)	76.04	76.57	76.37	77.72	81.05	81.84	84.76	85.27	88.74	88.16	85.44	86.94	87.79	87.32	81.32
Total Debt/Total Assets (%)	70.36	70.93	68.03	70.61	73.34	73.87	76.36	75.95	79.02	78.3	76.47	77.12	77.35	76.48	71.88
Net Debt to Equity	303.63	310.11	299.14	338.64	414.27	439.75	522.67	565.94	750.53	702.85	563.25	636.49	674.27	635.21	411.71
Net Debt/Capital (%)	75.22	75.62	74.95	77.2	80.55	81.47	83.94	84.98	86.56	86.03	83.47	84.92	85.63	84.73	78.72
EBITDA	3,056	3,308	3,522	3,671	3,908	4,049	4,160	4,276	4,307	3,327	3,739	3,876	4,141	4,453	4,730
EBITDA-CapEx	3,056	3,308	3,522	3,671	3,908	4,049	4,160	4,276	4,307	3,327	3,739	3,876	4,141	4,453	4,730
Operating Income (Loss)	1,943	2,000	2,189	2,385	2,669	2,721	2,802	2,926	2,913	1,972	2,413	2,584	2,807	3,093	3,175

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	0.45	0.56	0.5	0.22	0.2	0.16	0.41	0.14	0.16	0.25	0.15	0.19	0.63	0.41	0.2
Current Ratio	1.28	1.03	1.68	0.55	0.48	0.48	0.77	0.5	0.47	0.68	0.67	0.66	1.04	0.83	0.57
Quick Ratio	1.28	1.03	0.79	0.55	0.48	0.48	0.77	0.5	0.47	0.68	0.57	0.66	1.04	0.83	0.57
CFO/Avg Current Liab	1.35	1.29	0.98	0.88	0.94	0.95	1	1.03	0.96	0.56	0.97	1.12	1.18	1.11	1.11
Common Equity/Total Assets	17.56	18	17.42	17.1	14.49	13.72	11.29	10.6	7.95	8.62	9.83	9.38	8.7	8.95	12.73
Long-Term Debt/Equity (%)	317.37	326.87	323.25	342.04	410.88	432.03	534.04	559.88	746.03	727.56	575.54	665.77	719.12	688.57	429.98
Long-Term Debt/Capital (%)	76.04	76.57	76.37	76.2	77.87	78.45	81.39	82.49	83.97	86.14	83.79	86.94	87.79	87.32	80.33
Long-Term Debt/Total Assets (%)	70.36	70.93	68.03	69.23	70.47	70.81	73.33	73.48	74.77	76.51	74.98	77.12	77.35	76.48	71
Total Debt/Equity (%)	317.37	326.87	323.25	348.88	427.64	450.74	556.13	578.71	788.42	744.59	586.9	665.77	719.12	688.57	435.27
Total Debt/Capital (%)	76.04	76.57	76.37	77.72	81.05	81.84	84.76	85.27	88.74	88.16	85.44	86.94	87.79	87.32	81.32
Total Debt/Total Assets (%)	70.36	70.93	68.03	70.61	73.34	73.87	76.36	75.95	79.02	78.3	76.47	77.12	77.35	76.48	71.88
CFO/Total Liabilities	9.83	9.85	10.27	11.59	11.94	12.97	12.91	14.07	13.55	7.47	12.38	12.9	12.85	13.24	12.2
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	1.29	1.33	1.66	1.63	1.47	1.37	1.38	1.13	0.56	1.15	0.92	1.1	1.36	1.28

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	- -	8.44	8.72	8.85	8.74	8.43	7.86	7.49	7.21	4.45	4.75	6.07	6.86	7.35	7.36
Days Sales Outstanding	- -	43.22	41.84	41.24	41.75	43.29	46.47	48.7	50.61	81.95	76.91	60.12	53.2	49.65	49.62
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	- -	46,030	45,038	57,878	60,480	55,146	53,349	52,031	45,492	27,467	51,395	38,307	46,555	55,467	60,929
- Cash & Cash Equivalents	799	1,185	1,691	612	701	560	1,482	514	669	1,012	534	622	1,169	1,400	823
+ Preferred Equity and Hybrid Capital	45	45	44	44	44	43	43	43	42	42	42	41	41	41	40
+ Minority/Non Controlling Interest	1,163	1,160	1,164	884	770	787	743	730	604	619	1,039	685	665	658	1,497
+ Total Debt	18,446	23,113	22,670	20,853	22,417	22,977	24,632	23,306	24,680	27,239	25,828	25,458	26,518	24,785	29,187
Enterprise Value	- -	69,164	67,226	79,046	83,010	78,393	77,286	75,595	70,149	54,355	77,770	63,871	71,610	79,549	90,830
Total Capital	24,259	30,184	29,683	26,830	27,659	28,075	29,062	27,333	27,810	30,897	30,229	29,282	30,206	28,384	35,892
Total Debt/Capital (%)	76.04	76.57	76.37	77.72	81.05	81.84	84.76	85.27	88.74	88.16	85.44	86.94	87.79	87.32	81.32
Total Debt / EV	- -	0.33	0.34	0.26	0.27	0.29	0.32	0.31	0.35	0.5	0.33	0.4	0.37	0.31	0.32
EV/Sales	- -	16.25	14.79	16.23	15.76	14.42	13.98	13.39	12.19	11.8	15.2	12.07	12.65	13.34	14.27
EV/EBITDA	- -	20.91	19.09	21.53	21.24	19.36	18.58	17.68	16.29	16.34	20.8	16.48	17.29	17.87	19.2
EV/EBIT	- -	34.47	30.72	33.14	31.1	28.81	27.58	25.83	24.08	27.57	32.23	24.72	25.51	25.72	28.6
EV/Cash Flow to Firm	- -	19.37	17.91	21.33	21.07	18.58	17.59	16.59	15.29	- -	17.73	14.18	15.05	16.88	17.79
EV/Free Cash Flow to Firm	- -	19.37	17.91	21.33	21.07	18.58	17.59	16.59	15.29	- -	17.73	14.18	15.05	16.88	17.79
Diluted Market Cap	- -	45,025	44,987	57,867	60,613	55,078	53,495	52,134	45,677	25,814	51,389	38,409	46,682	55,436	61,143
Diluted Enterprise Value	- -	68,159	67,174	79,036	83,143	78,326	77,432	75,698	70,334	52,702	77,764	63,972	71,737	79,519	91,045
EV per Share	- -	223.18	216.43	254.34	268.27	250.4	248.77	244.63	228.6	165.46	236.66	195.35	219.72	243.81	279.29
TTM Sales	4,306	4,256	4,544	4,871	5,266	5,435	5,527	5,645	5,755	4,608	5,117	5,291	5,659	5,964	6,365
TTM EBITDA	3,056	3,308	3,522	3,671	3,908	4,049	4,160	4,276	4,307	3,327	3,739	3,876	4,141	4,453	4,730
TTM Operating Income	1,943	2,000	2,189	2,385	2,669	2,721	2,802	2,926	2,913	1,972	2,413	2,584	2,807	3,093	3,175
TTM Cash Flow to Firm	2,980	3,571	3,753	3,706	3,940	4,218	4,395	4,556	4,588	- -	4,387	4,503	4,760	4,713	5,105
TTM Free Cash Flow to Firm	2,980	3,571	3,753	3,706	3,940	4,218	4,395	4,556	4,588	- -	4,387	4,503	4,760	4,713	5,105

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	- -	17.92	16.66	21.19	20.04	16.33	14.89	13.9	12	11.09	14.13	10.2	11.88	14.53	14.78
EV/EBIT	- -	34.47	30.72	33.14	31.1	28.81	27.58	25.83	24.08	27.57	32.23	24.72	25.51	25.72	28.6
Enterprise Value	- -	69,164	67,226	79,046	83,010	78,393	77,286	75,595	70,149	54,355	77,770	63,871	71,610	79,549	90,830
Low Price	- -	138.29	134.9	141.78	172.67	173.7	152.55	145.29	143.24	42.55	82.23	86.03	100.56	135.26	135.38
EV/Sales	- -	16.25	14.79	16.23	15.76	14.42	13.98	13.39	12.19	11.8	15.2	12.07	12.65	13.34	14.27
EV/EBITDA	- -	20.91	19.09	21.53	21.24	19.36	18.58	17.68	16.29	16.34	20.8	16.48	17.29	17.87	19.2
Price/Earnings	- -	31.46	34.18	41.18	33.22	30.01	27.51	21.4	21.77	23.27	22.88	17.98	20.48	23.41	13.22
Price/Earnings Average	- -	30.5	36.29	36.57	32.29	34.03	26.59	21.45	24.08	22.65	18.74	18.03	16.71	21.63	12.12
Price/Earnings High	- -	31.53	40.02	41.48	35.13	38.88	29.95	24.22	27.4	41.9	25.14	25.34	21.28	25.65	13.5
Price/Earnings Low	- -	29.29	31.8	31.35	29.35	29.59	24.44	18.46	21.03	11.84	12.03	13.2	14.41	18.63	9.55
Price/Book Value	- -	7.85	7.76	11.46	13.66	12.92	14.64	15.99	18.31	9.16	15.48	12.37	15.61	19.12	11.79
Price/Book Value Average	- -	7.61	8.24	10.18	13.28	14.66	14.16	16.03	20.26	8.92	12.68	12.4	12.74	17.66	10.81
Price/Book Value High	- -	7.86	9.09	11.55	14.44	16.75	15.94	18.1	23.05	16.5	17.01	17.44	16.23	20.94	12.04
Price/Book Value Low	- -	7.31	7.22	8.73	12.07	12.74	13.01	13.8	17.7	4.66	8.14	9.08	10.99	15.21	8.52
Price/Tangible Book Value	- -	8.59	8.3	12.22	14.57	13.85	15.53	16.77	19.05	9.34	15.73	12.52	15.77	19.27	11.95
Price/Tangible Book Value Average	- -	8.33	8.81	10.85	14.16	15.71	15.01	16.81	21.07	9.08	12.89	12.55	12.87	17.8	10.96
Price/Tangible Book Value High	- -	8.61	9.72	12.31	15.4	17.95	16.91	18.98	23.97	16.81	17.29	17.65	16.39	21.11	12.2
Price/Tangible Book Value Low	- -	8	7.72	9.3	12.87	13.66	13.8	14.47	18.41	4.75	8.27	9.19	11.1	15.33	8.64
Price/Sales	- -	10.58	9.9	11.88	11.51	10.13	9.68	9.23	7.94	5.6	10.04	7.26	8.25	9.3	9.61
Price/Sales Average	- -	10.26	10.51	10.55	11.19	11.49	9.36	9.26	8.78	5.45	8.23	7.28	6.73	8.59	8.81
Price/Sales High	- -	10.6	11.59	11.97	12.17	13.13	10.54	10.45	9.99	10.09	11.04	10.23	8.57	10.18	9.81
Price/Sales Low	- -	9.85	9.21	9.04	10.17	9.99	8.6	7.97	7.67	2.85	5.28	5.33	5.81	7.4	6.94
Price/Cash Flow	- -	17.92	16.66	21.19	20.04	16.33	14.89	13.9	12	11.09	14.13	10.2	11.88	14.53	14.78
Price/Cash Flow Average	- -	17.37	17.68	18.82	19.48	18.52	14.39	13.94	13.27	10.8	11.57	10.22	9.69	13.42	13.55
Price/Cash Flow High	- -	17.96	19.5	21.35	21.19	21.16	16.21	15.73	15.1	19.97	15.53	14.37	12.34	15.92	15.1
Price/Cash Flow Low	- -	16.68	15.49	16.14	17.7	16.1	13.22	11.99	11.59	5.65	7.43	7.49	8.36	11.56	10.68
Price/Free Cash Flow Average	- -	17.37	17.68	18.82	19.48	18.52	14.39	13.94	13.27	10.8	11.57	10.22	9.69	13.42	13.55
Price/Free Cash Flow High	- -	17.96	19.5	21.35	21.19	21.16	16.21	15.73	15.1	19.97	15.53	14.37	12.34	15.92	15.1
Price/Free Cash Flow Low	- -	16.68	15.49	16.14	17.7	16.1	13.22	11.99	11.59	5.65	7.43	7.49	8.36	11.56	10.68
EV/Sales Average	- -	15.92	15.41	14.9	15.44	15.78	13.66	13.41	13.03	11.64	13.38	12.09	11.14	12.63	13.47
EV/Sales High	- -	16.27	16.49	16.32	16.42	17.42	14.84	14.61	14.23	16.57	16.19	15.04	12.98	14.23	14.47
EV/Sales Low	- -	15.51	14.1	13.39	14.42	14.28	12.9	12.13	11.92	8.87	10.44	10.15	10.22	11.44	11.62
EV/EBITDA Average	- -	20.49	19.88	19.77	20.81	21.19	18.15	17.71	17.41	16.12	18.31	16.51	15.23	16.91	18.13
EV/EBITDA High	- -	20.94	21.28	21.65	22.13	23.39	19.72	19.28	19.02	22.95	22.16	20.53	17.74	19.05	19.48
EV/EBITDA Low	- -	19.95	18.2	17.77	19.44	19.17	17.15	16.01	15.93	12.28	14.28	13.85	13.97	15.32	15.63
EV/EBIT Average	- -	33.77	31.99	30.42	30.47	31.53	26.94	25.88	25.74	27.19	28.38	24.76	22.46	24.35	27.01
EV/EBIT High	- -	34.53	34.23	33.32	32.4	34.81	29.27	28.18	28.12	38.71	34.33	30.8	26.17	27.43	29.01
EV/EBIT Low	- -	32.89	29.28	27.35	28.46	28.53	25.45	23.4	23.56	20.73	22.13	20.78	20.6	22.06	23.28
Last Price	- -	148.53	145	186.23	195.46	176.14	171.73	168.38	148.25	83.61	156.4	117.16	142.84	170	187.35
High Price	- -	148.86	169.8	187.59	206.66	228.24	186.98	190.59	186.57	150.52	171.86	165.16	148.48	186.22	191.33
Enterprise Value Average	- -	67,757	70,006	72,566	81,312	85,794	75,505	75,730	74,972	53,618	68,479	63,969	63,055	75,312	85,758
Enterprise Value High	- -	69,267	74,929	79,469	86,474	94,704	82,025	82,459	81,910	76,335	82,852	79,563	73,447	84,842	92,125
Enterprise Value Low	- -	65,992	64,087	65,232	75,957	77,630	71,329	68,461	68,613	40,867	53,398	53,691	57,829	68,215	73,929

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	298	310	311	311	309	313	311	309	307	329	329	327	326	326	325
Diluted Weighted Avg Shares	294	303	310	311	310	313	312	310	308	309	329	328	327	326	326
Basic Weighted Avg Shares	294	303	310	311	310	313	312	310	308	309	329	328	327	326	326
Revenue per Share	14.67	14.04	14.65	15.68	16.98	17.38	17.74	18.23	18.68	14.92	15.57	16.14	17.32	18.29	19.5
EBITDA per Share	10.41	10.91	11.35	11.81	12.6	12.95	13.35	13.81	13.98	10.78	11.38	11.82	12.67	13.65	14.49
Operating Income per Share	6.62	6.6	7.05	7.68	8.61	8.7	9	9.45	9.45	6.39	7.34	7.88	8.59	9.48	9.73
Basic EPS, GAAP	3.48	4.72	4.24	4.52	5.88	5.87	6.24	7.87	6.81	3.59	6.84	6.52	6.98	7.26	14.17
Basic EPS from Cont Ops	4.24	5.16	4.41	5.22	6.9	6.83	7.21	9.12	7.86	4.14	7.82	7.48	8.01	8.37	16.44
Diluted EPS, GAAP	3.48	4.72	4.24	4.52	5.88	5.87	6.24	7.87	6.81	3.59	6.84	6.52	6.98	7.26	14.17
Diluted EPS from Cont Ops	4.24	5.16	4.41	5.22	6.9	6.83	7.21	9.12	7.86	4.14	7.82	7.48	8.01	8.37	16.44
Dividend per Share	4.24	4.9	5.45	6.04	7.08	7.53	8.26	9.11	9.57	5.39	8.19	7.91	8.56	9.34	9.91
Cash Flow per Share	6.83	8.29	8.71	8.79	9.75	10.79	11.54	12.11	12.36	7.54	11.07	11.49	12.03	11.7	12.67
Free Cash Flow per Basic Share	6.83	8.29	8.71	8.79	9.75	10.79	11.54	12.11	12.36	7.54	11.07	11.49	12.03	11.7	12.67
Cash & Equivalents per Share	2.68	3.82	5.44	1.97	2.27	1.79	4.77	1.66	2.18	3.08	1.62	1.9	6.65	4.29	2.53
Book Value per Share	15.47	18.93	18.69	16.25	14.31	13.63	11.73	10.53	8.09	9.12	10.1	9.47	9.15	8.89	15.89
Tangible Book Value per Share	14.47	17.29	17.48	15.24	13.42	12.72	11.06	10.04	7.78	8.96	9.94	9.36	9.06	8.82	15.68