Mondelez International, Inc. Financial Ratios — MDLZ 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 (%)	10	9.09	12.11	7.27	26.06	6.15	11.06	12.85	14.86	12.97	15.4	9.85	17.96	16.69	9.29
Return on Assets (%)	3.76	3.62	5.29	3.14	11.21	2.63	4.54	5.28	6.18	5.37	6.37	3.93	6.96	6.59	3.5
Return on Capital (%)	7.61	7.2	9.63	6.03	17.74	4.89	7.26	8.29	9.75	8.08	9.44	6.12	10.86	10.65	6.19
Return on Invested Capital (%)	5.19	5.78	7.65	5.95	18.72	5.49	6.33	5.5	8.52	5.22	7.03	5.25	8.25	10.38	5.65
Gross Margin (%)	36.58	37.34	37.14	36.79	38.84	38.98	38.75	39.91	39.96	39.3	39.19	35.92	38.22	39.12	28.38
EBITDA Margin (%)	13.92	14.23	14.3	12.56	33.04	13.03	16.52	15.9	18.9	18.69	20.08	14.74	18.65	20.98	12.73
Operating Margin (%)	9.75	10.52	11.94	11.49	12.67	13.05	15.13	14.27	15.57	15.63	16.91	12.05	15.58	18.29	9.39
Incremental Operating Margin (%)	22.47	- -	186.97	26.54	3.91	10.02	- -	- -	- -	17.81	32.87	- -	40.15	248	- -
Pretax Margin (%)	5.25	5.07	6.78	7.46	26.6	5.61	12.06	10.96	13.33	12.73	15.21	10.25	16.33	17.18	7.82
Profit Margin (%)	9.92	8.76	11.09	6.38	24.52	6.31	10.92	12.79	15.19	13.37	14.97	8.63	13.77	12.65	6.36
Net Income to Common Margin (%)	9.92	8.76	11.09	6.38	24.52	6.31	10.92	12.79	15.19	13.37	14.97	8.63	13.77	12.65	6.36
Effective Tax Rate (%)	6.17	9.47	2.51	13.82	7.52	7.84	21.32	27.2	0.06	36.18	27.24	26.8	26.14	23.46	25.95
Dvd Payout Ratio (%)	114.52	126.03	40.09	43.46	13.78	66.1	41.95	40.63	38.95	46.83	42.19	72.58	43.4	50.68	100.24
Sustainable Growth Rate (%)	-1.45	-2.37	7.26	4.11	22.47	2.08	6.42	7.63	9.07	6.9	8.9	2.7	10.17	8.23	-0.02

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	26,931	19,425	17,079	16,656	15,398	17,199	17,652	18,372	18,829	20,516	19,971	23,447	19,945	18,372	21,804
ST Debt	3,836	3,851	2,597	2,835	841	3,982	4,680	5,840	4,219	2,770	1,962	2,682	2,521	2,085	3,983
LT Debt	23,095	15,574	14,482	13,821	14,557	13,217	12,972	12,532	14,610	17,746	18,009	20,765	17,424	16,287	17,821
Total Debt/EBITDA	5.4	3.9	3.38	3.87	1.57	5.09	4.13	4.46	3.85	4.13	3.46	5.05	2.97	2.4	4.44
Net Debt/EBITDA	5.01	3	2.86	3.49	1.38	4.58	3.95	4.19	3.48	3.25	2.73	4.53	2.62	2.14	3.89
Total Debt/EBIT	7.7	5.34	4.3	5.14	1.73	6.73	5.1	5.55	4.9	5.32	4.29	6.63	3.63	2.9	6.15
Net Debt/EBIT	7.13	4.11	3.64	4.63	1.52	6.05	4.88	5.21	4.43	4.2	3.38	5.95	3.2	2.58	5.38
EBITDA to Interest Expense	3.6	4.23	4.96	5.53	16.08	6.56	10.8	8.92	10.1	11.75	15.8	10.84	12.21	15.05	8.19
EBITDA-CapEx/Interest Expense	3.6	4.23	4.96	5.53	16.08	6.56	10.8	8.92	10.1	11.75	15.8	10.84	12.21	15.05	8.19
EBIT to Interest Expense	2.53	3.13	4.14	5.06	6.16	6.57	9.89	8.01	8.32	9.82	13.31	8.87	10.2	13.12	6.04
Interest Expense	1,383	1,177	1,017	778	609	515	396	462	484	423	365	428	550	508	599
Common Equity/Total Assets	37.53	42.76	44.64	41.56	44.57	40.89	41.29	40.87	42.22	40.67	42.13	37.78	39.69	39.32	36.14
Long-Term Debt/Equity (%)	65.37	48.04	44.52	49.62	51.8	52.42	49.75	48.74	53.48	64.17	63.58	77.14	61.43	60.42	68.83
Long-Term Debt/Capital (%)	37.1	30.04	29.19	31.05	33.47	31.16	29.67	28.43	31.66	36.84	37.29	41.23	36.07	35.93	37.36
Long-Term Debt/Total Assets (%)	24.61	20.63	19.97	20.7	23.16	21.48	20.6	19.98	22.65	26.17	26.84	29.18	24.41	23.78	24.93
Total Debt/Equity (%)	76.23	59.92	52.5	59.8	54.8	68.21	67.7	71.45	68.93	74.19	70.51	87.1	70.31	68.15	84.21
Total Debt/Capital (%)	43.26	37.47	34.43	37.42	35.4	40.55	40.37	41.67	40.8	42.59	41.35	46.55	41.28	40.53	45.72
Total Debt/Total Assets (%)	28.7	25.74	23.55	24.94	24.5	27.95	28.04	29.29	29.19	30.26	29.77	32.95	27.94	26.82	30.5
Net Debt to Equity	70.64	46.12	44.44	53.94	48.14	61.3	64.78	67.17	62.28	58.48	55.53	78.05	62.04	60.83	73.69
Net Debt/Capital (%)	41.4	31.56	30.77	35.04	32.5	38.01	39.31	40.18	37.93	36.3	35.15	43.37	37.84	37.29	41.87
EBITDA	4,983	4,982	5,048	4,301	9,791	3,377	4,278	4,123	4,890	4,969	5,766	4,641	6,717	7,647	4,906
EBITDA-CapEx	4,983	4,982	5,048	4,301	9,791	3,377	4,278	4,123	4,890	4,969	5,766	4,641	6,717	7,647	4,906
Operating Income (Loss)	3,493	3,683	4,214	3,934	3,754	3,382	3,918	3,701	4,027	4,154	4,857	3,796	5,611	6,665	3,620

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	0.11	0.3	0.18	0.12	0.17	0.12	0.05	0.07	0.08	0.24	0.25	0.11	0.1	0.07	0.1
Current Ratio	0.88	1.05	0.92	0.84	0.82	0.59	0.48	0.45	0.5	0.66	0.74	0.6	0.62	0.68	0.59
Quick Ratio	0.45	0.71	0.56	0.46	0.52	0.36	0.27	0.25	0.28	0.43	0.48	0.35	0.33	0.32	0.32
CFO/Avg Current Liab	0.27	0.24	0.44	0.25	0.3	0.22	0.17	0.24	0.25	0.26	0.28	0.25	0.26	0.25	0.22
Common Equity/Total Assets	37.53	42.76	44.64	41.56	44.57	40.89	41.29	40.87	42.22	40.67	42.13	37.78	39.69	39.32	36.14
Long-Term Debt/Equity (%)	65.37	48.04	44.52	49.62	51.8	52.42	49.75	48.74	53.48	64.17	63.58	77.14	61.43	60.42	68.83
Long-Term Debt/Capital (%)	37.1	30.04	29.19	31.05	33.47	31.16	29.67	28.43	31.66	36.84	37.29	41.23	36.07	35.93	37.36
Long-Term Debt/Total Assets (%)	24.61	20.63	19.97	20.7	23.16	21.48	20.6	19.98	22.65	26.17	26.84	29.18	24.41	23.78	24.93
Total Debt/Equity (%)	76.23	59.92	52.5	59.8	54.8	68.21	67.7	71.45	68.93	74.19	70.51	87.1	70.31	68.15	84.21
Total Debt/Capital (%)	43.26	37.47	34.43	37.42	35.4	40.55	40.37	41.67	40.8	42.59	41.35	46.55	41.28	40.53	45.72
Total Debt/Total Assets (%)	28.7	25.74	23.55	24.94	24.5	27.95	28.04	29.29	29.19	30.26	29.77	32.95	27.94	26.82	30.5
CFO/Total Liabilities	7.73	9.11	16.03	9.15	10.73	7.81	7.03	10.67	10.66	9.87	10.68	8.83	10.96	11.82	9.9
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	3.67	3.51	3.89	3.93	4.54	4.11	4.74	4.96	4.21

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	5.55	5.61	6.67	8.29	9.21	9.88	9.77	10.47	11.56	11.79	12.4	11.61	10.72	9.71	9.91
Days Sales Outstanding	65.74	65.1	54.76	44.05	39.63	36.93	37.37	34.85	31.56	30.96	29.45	31.43	34.06	37.6	36.83
Inventory Turnover	4.12	4.64	5.93	5.99	5.95	6.23	6.31	6.05	6.05	6.21	6.52	6.63	6.36	5.96	6.69
Days Inventory Outstanding	88.53	78.59	61.55	60.9	61.31	58.58	57.83	60.29	60.38	58.74	55.95	55.06	57.38	61.22	54.52
Accounts Payable Turnover	4.23	3.93	4.44	4.02	3.39	3.07	2.89	2.72	2.66	2.69	2.71	2.92	2.83	2.52	2.88
Accounts Payable Turnover Days	86.36	92.89	82.13	90.84	107.78	118.82	126.13	134.34	137.27	135.58	134.73	125.06	128.91	144.67	126.69
Cash Conversion Cycle	67.91	50.79	34.18	14.1	-6.83	-23.31	-30.93	-39.2	-45.33	-45.89	-49.33	-38.57	-37.47	-45.85	-35.34
Inventory to Cash Days	-22.78	-13.49	-6.79	-16.85	-21.68	-21.66	-20.46	-25.44	-28.81	-27.78	-26.51	-23.62	-23.32	-23.62	-17.69
Inventories	5,706	3,741	3,743	3,480	2,609	2,469	2,557	2,592	2,546	2,647	2,708	3,381	3,615	3,827	4,419
Raw Materials	1,800	1,213	1,165	1,215	782	722	711	726	707	718	770	1,031	973	958	1,015
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	3,906	2,528	2,578	2,434	1,930	1,865	1,975	1,987	1,953	2,059	2,054	2,501	2,790	2,869	3,404
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	171	- -

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	- -	- -	- -	- -	- -	- -	65,018	58,309	79,257	82,797	92,197	91,820	96,965	78,189	69,295
- Cash & Cash Equivalents	1,974	4,475	2,622	1,631	1,870	1,741	761	1,100	1,291	3,619	3,546	1,923	1,810	1,351	2,125
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	111	140	159	103	88	54	80	76	76	76	54	37	34	26	53
+ Total Debt	26,931	19,425	17,079	16,656	15,398	17,199	17,652	18,372	18,829	20,516	19,971	23,447	19,945	18,372	21,804
Enterprise Value	- -	- -	- -	- -	- -	- -	81,989	75,657	96,871	99,770	108,676	113,381	115,134	95,236	89,027
Total Capital	62,259	51,841	49,611	44,509	43,498	42,414	43,726	44,085	46,146	48,170	48,294	50,367	48,311	45,330	47,695
Total Debt/Capital (%)	43.26	37.47	34.43	37.42	35.4	40.55	40.37	41.67	40.8	42.59	41.35	46.55	41.28	40.53	45.72
Total Debt / EV	- -	- -	- -	- -	- -	- -	0.22	0.24	0.19	0.21	0.18	0.21	0.17	0.19	0.24
EV/Sales	- -	- -	- -	- -	- -	- -	3.17	2.92	3.74	3.75	3.78	3.6	3.2	2.61	2.31
EV/EBITDA	- -	- -	- -	- -	- -	- -	19.17	18.35	19.81	20.08	18.85	24.43	17.14	12.45	18.15
EV/EBIT	- -	- -	- -	- -	- -	- -	23.68	22.84	25.21	25.89	23.36	32.08	20.93	15.01	25.09
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	28.23	17.66	21.78	23.56	24.66	26.86	22.49	17.97	17.96
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	28.23	17.66	21.78	23.56	24.66	26.86	22.49	17.97	17.96
Diluted Market Cap	- -	- -	- -	- -	- -	- -	66,888	59,713	80,524	84,067	93,609	93,101	98,508	79,917	70,180
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	83,859	77,061	98,138	101,040	110,088	114,662	116,677	96,964	89,912
EV per Share	- -	- -	- -	- -	- -	- -	55.09	52.14	67.51	70.3	78.09	83.01	85.38	72.27	69.47
TTM Sales	35,810	35,015	35,299	34,244	29,636	25,923	25,896	25,938	25,868	26,581	28,720	31,496	36,016	36,441	38,537
TTM EBITDA	4,983	4,982	5,048	4,301	9,791	3,377	4,278	4,123	4,890	4,969	5,766	4,641	6,717	7,647	4,906
TTM Operating Income	3,493	3,683	4,214	3,934	3,754	3,382	3,918	3,701	4,027	4,154	4,857	3,796	5,611	6,665	3,620
TTM Cash Flow to Firm	5,818	4,989	7,401	4,232	4,291	3,313	2,905	4,284	4,449	4,234	4,407	4,221	5,120	5,299	4,958
TTM Free Cash Flow to Firm	5,818	4,989	7,401	4,232	4,291	3,313	2,905	4,284	4,449	4,234	4,407	4,221	5,120	5,299	4,958

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	- -	- -	- -	- -	- -	- -	25.8	15.12	20.31	21.21	22.61	23.82	20.9	16.28	15.55
EV/EBIT	- -	- -	- -	- -	- -	- -	23.68	22.84	25.21	25.89	23.36	32.08	20.93	15.01	25.09
Enterprise Value	- -	- -	- -	- -	- -	- -	81,989	75,657	96,871	99,770	108,676	113,381	115,134	95,236	89,027
Low Price	- -	- -	- -	- -	- -	- -	39.79	37.64	39.38	42.88	52.78	54.92	60.94	59.26	53.57
EV/Sales	- -	- -	- -	- -	- -	- -	3.17	2.92	3.74	3.75	3.78	3.6	3.2	2.61	2.31
EV/EBITDA	- -	- -	- -	- -	- -	- -	19.17	18.35	19.81	20.08	18.85	24.43	17.14	12.45	18.15
Price/Earnings	- -	- -	- -	- -	- -	- -	23.37	17.83	20.31	23.48	21.62	34.09	19.76	17.25	28.54
Price/Earnings Average	- -	- -	- -	- -	- -	- -	22.93	18.79	18.97	22.03	19.75	32.16	19.29	20.26	33.1
Price/Earnings High	- -	- -	- -	- -	- -	- -	25.23	20.54	20.94	24.14	21.69	35.04	21.58	22.37	37.51
Price/Earnings Low	- -	- -	- -	- -	- -	- -	21.28	16.7	14.48	17.26	17.22	27.85	16.75	17.23	28.28
Price/Book Value	- -	- -	- -	- -	- -	- -	2.5	2.27	2.91	3	3.26	3.42	3.42	2.9	2.68
Price/Book Value Average	- -	- -	- -	- -	- -	- -	2.45	2.4	2.72	2.82	2.98	3.22	3.34	3.41	3.11
Price/Book Value High	- -	- -	- -	- -	- -	- -	2.7	2.62	3	3.09	3.27	3.51	3.74	3.76	3.52
Price/Book Value Low	- -	- -	- -	- -	- -	- -	2.28	2.13	2.07	2.21	2.6	2.79	2.9	2.9	2.66
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	-4.74	-4.45	-6.85	-6.47	-7.68	-5.64	-6.3	-5.24	-3.82
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	-4.65	-4.69	-6.4	-6.07	-7.02	-5.32	-6.15	-6.15	-4.43
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	-5.11	-5.13	-7.07	-6.65	-7.71	-5.8	-6.88	-6.79	-5.02
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	-4.31	-4.17	-4.89	-4.75	-6.12	-4.61	-5.34	-5.23	-3.79
Price/Sales	- -	- -	- -	- -	- -	- -	2.55	2.28	3.09	3.14	3.24	2.94	2.72	2.18	1.82
Price/Sales Average	- -	- -	- -	- -	- -	- -	2.5	2.4	2.88	2.95	2.96	2.77	2.66	2.56	2.11
Price/Sales High	- -	- -	- -	- -	- -	- -	2.76	2.63	3.18	3.23	3.25	3.02	2.97	2.83	2.39
Price/Sales Low	- -	- -	- -	- -	- -	- -	2.32	2.14	2.2	2.31	2.58	2.4	2.31	2.18	1.8
Price/Cash Flow	- -	- -	- -	- -	- -	- -	25.49	14.98	20.13	21.06	22.45	23.7	20.79	16.2	15.5
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	25.01	15.79	18.79	19.76	20.51	22.36	20.3	19.03	17.97
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	27.52	17.26	20.75	21.65	22.52	24.36	22.7	21.01	20.37
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	23.21	14.03	14.35	15.48	17.88	19.36	17.62	16.18	15.36
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	25.3	15.94	18.96	19.9	20.65	22.48	20.4	19.11	18.03
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	27.85	17.42	20.94	21.8	22.68	24.48	22.82	21.1	20.43
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	23.49	14.17	14.48	15.59	18.01	19.46	17.71	16.26	15.4
EV/Sales Average	- -	- -	- -	- -	- -	- -	3.12	3.04	3.54	3.56	3.51	3.43	3.13	2.99	2.6
EV/Sales High	- -	- -	- -	- -	- -	- -	3.37	3.26	3.84	3.84	3.79	3.68	3.44	3.25	2.87
EV/Sales Low	- -	- -	- -	- -	- -	- -	2.94	2.77	2.87	2.93	3.13	3.07	2.79	2.61	2.29
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	18.88	19.11	18.74	19.05	17.47	23.31	16.8	14.24	20.4
EV/EBITDA High	- -	- -	- -	- -	- -	- -	20.37	20.5	20.31	20.54	18.9	24.98	18.47	15.49	22.58
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	17.81	17.46	15.16	15.66	15.6	20.81	14.94	12.44	18.02
EV/EBIT Average	- -	- -	- -	- -	- -	- -	23.33	23.79	23.84	24.57	21.65	30.61	20.51	17.16	28.21
EV/EBIT High	- -	- -	- -	- -	- -	- -	25.18	25.52	25.85	26.49	23.42	32.8	22.55	18.66	31.23
EV/EBIT Low	- -	- -	- -	- -	- -	- -	22	21.73	19.29	20.2	19.33	27.33	18.24	14.99	24.91
Last Price	- -	- -	- -	- -	- -	- -	43.69	40.19	55.23	58.34	66.25	67.22	71.91	59.33	54.07
High Price	- -	- -	- -	- -	- -	- -	47.17	46.29	56.94	59.96	66.47	69.09	78.52	76.93	71.05
Enterprise Value Average	- -	- -	- -	- -	- -	- -	80,752	78,797	91,618	94,663	100,720	108,188	112,831	108,859	100,085
Enterprise Value High	- -	- -	- -	- -	- -	- -	87,161	84,516	99,327	102,068	108,976	115,927	124,046	118,429	110,793
Enterprise Value Low	- -	- -	- -	- -	- -	- -	76,177	71,967	74,125	77,830	89,936	96,570	100,348	95,138	88,384

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	1,768	1,778	1,705	1,664	1,580	1,528	1,488	1,451	1,435	1,419	1,392	1,366	1,348	1,318	1,282
Diluted Weighted Avg Shares	1,772	1,789	1,789	1,709	1,637	1,573	1,531	1,486	1,458	1,441	1,413	1,385	1,370	1,347	1,298
Basic Weighted Avg Shares	1,765	1,777	1,774	1,691	1,618	1,556	1,513	1,472	1,445	1,431	1,403	1,378	1,363	1,341	1,294
Revenue per Share	20.29	19.71	19.9	20.25	18.32	16.66	17.12	17.62	17.9	18.58	20.47	22.86	26.43	27.18	29.78
EBITDA per Share	2.82	2.8	2.85	2.54	6.05	2.17	2.83	2.8	3.38	3.47	4.11	3.37	4.93	5.7	3.79
Operating Income per Share	1.98	2.07	2.38	2.33	2.32	2.17	2.59	2.51	2.79	2.9	3.46	2.75	4.12	4.97	2.8
Basic EPS, GAAP	2.01	1.73	2.21	1.29	4.49	1.05	1.87	2.25	2.72	2.48	3.06	1.97	3.64	3.44	1.89
Basic EPS from Cont Ops	1	0.9	1.31	1.3	4.51	1.06	1.88	2.26	2.73	2.49	3.07	1.98	3.65	3.45	1.91
Diluted EPS, GAAP	2.01	1.71	2.19	1.28	4.44	1.04	1.85	2.23	2.69	2.47	3.04	1.96	3.62	3.42	1.89
Diluted EPS from Cont Ops	1	0.9	1.3	1.29	4.45	1.05	1.86	2.24	2.71	2.48	3.05	1.97	3.63	3.43	1.9
Dividend per Share	1.16	1.16	0.53	0.57	0.62	0.7	0.79	0.92	1.07	1.17	1.3	1.44	1.58	1.75	1.92
Cash Flow per Share	2.56	2.21	3.61	2.11	2.3	1.82	1.71	2.68	2.74	2.77	2.95	2.84	3.46	3.66	3.49
Free Cash Flow per Basic Share	2.56	2.21	3.61	2.11	2.3	1.82	1.71	2.68	2.74	2.77	2.95	2.84	3.46	3.66	3.49
Cash & Equivalents per Share	1.12	2.52	1.54	0.98	1.18	1.14	0.51	0.76	0.9	2.55	2.55	1.41	1.34	1.03	1.66
Book Value per Share	19.92	18.15	18.98	16.68	17.73	16.46	17.47	17.67	18.98	19.43	20.31	19.68	21.01	20.44	20.16
Tangible Book Value per Share	-15.42	-9.01	-8.92	-9.6	-7.23	-8.65	-9.23	-9.02	-8.06	-9.02	-8.62	-11.92	-11.42	-11.33	-14.14