Automatic Data Processing, Inc. Financial Ratios — ADP Stock

Profitability (USD)

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Return on Common Equity (%)	22.9	22.85	23.58	25.31	32.13	42.27	43.27	45.24	44.23	45.5	66.3	101.33	93.14	76	72.24
Return on Assets (%)	4.27	4.46	4.71	4.46	3.89	4.42	4.96	5.68	6.09	5.91	5.27	5.98	7.12	7.57	7.57
Return on Capital (%)	22.89	22.44	19.86	21.31	27.06	29.55	30.98	33.22	32.34	30.89	38.27	52.76	53.01	37.69	35.9
Return on Invested Capital (%)	21.49	16.96	15.71	19.64	26.44	28.07	33.24	31.97	30.76	30.06	37.4	50.77	50.43	35.52	33.49
Gross Margin (%)	41.45	40.96	40.93	41.24	41.37	41.44	41.56	43.15	42.12	42.42	42.65	44.74	45.44	46.03	46.42
EBITDA Margin (%)	21.86	19.87	20.36	20.97	21.62	23.24	22.12	24.28	24.66	25.49	26.08	28.06	28.78	29.18	29
Operating Margin (%)	18.3	17.66	17.75	18.41	18.77	19.02	19.27	21.43	21.53	22.16	23.05	25.02	25.76	26.32	26.33
Incremental Operating Margin (%)	16.87	23.5	18.82	27.93	24.2	23.18	22.58	55.86	24.46	44.01	32.06	46.52	36.93	34.23	26.48
Pretax Margin (%)	19.84	18.11	18.38	18.93	19.15	21.15	17.2	21.3	21.81	22.4	23.06	24.64	25.37	25.83	26.11
Profit Margin (%)	13.1	14.89	14.82	13.28	12.79	14.45	14.2	16.25	16.91	17.32	17.87	18.94	19.54	19.84	20.11
Net Income to Common Margin (%)	13.1	14.89	14.82	13.28	12.79	14.45	14.2	16.25	16.91	17.32	17.87	18.94	19.54	19.84	20.11
Effective Tax Rate (%)	34.57	34.38	33.88	33.52	33.17	31.68	17.42	23.72	22.5	22.69	22.48	23.11	22.99	23.17	22.98
Dvd Payout Ratio (%)	53.79	71.78	71.07	67.39	63.18	55.67	56.43	56.39	59.62	60.63	56.26	55.79	58.18	58.8	59.51
Sustainable Growth Rate (%)	10.58	6.45	6.82	8.25	11.83	18.74	18.85	19.73	17.86	17.91	29	44.8	38.95	31.31	29.25

Credit (USD)

Credit Ratios API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Total Debt	17	261	2,185	9	2,008	2,002	2,002	2,264	2,349	3,352	3,494	3,444	3,705	9,065	5,271
ST Debt	- -	246	2,173	- -	- -	- -	- -	262	1,002	24	136	105	385	4,770	- -
LT Debt	17	15	12	9	2,008	2,002	2,002	2,002	1,347	3,328	3,358	3,339	3,320	4,296	5,271
Total Debt/EBITDA	0.01	0.14	1.05	- -	0.8	0.7	0.68	0.66	0.65	0.88	0.81	0.68	0.67	1.51	0.83
Net Debt/EBITDA	-0.66	-0.77	0.29	-0.71	-0.47	-0.27	-0.06	0.09	0.03	0.11	0.39	0.2	0.08	0.9	0.12
Total Debt/EBIT	0.01	0.16	1.2	- -	0.9	0.78	0.78	0.75	0.75	1.01	0.92	0.76	0.75	1.67	0.91
Net Debt/EBIT	-0.77	-0.89	0.33	-0.81	-0.53	-0.3	-0.07	0.1	0.03	0.13	0.45	0.22	0.09	1	0.13
EBITDA to Interest Expense	300.77	206.15	341.26	352.82	44.88	35.94	28.59	26.37	33.59	64.07	52.54	19.95	15.29	13.16	13.86
EBITDA-CapEx/Interest Expense	286.55	194.63	317.72	325.63	41.01	33.06	26.01	23.26	29.45	58.59	47.91	18.51	14.31	12.33	12.84
EBIT to Interest Expense	251.77	183.24	297.56	309.85	38.98	29.42	24.9	23.28	29.33	55.69	46.44	17.79	13.69	11.87	12.58
Interest Expense	8	9	6	7	56	80	103	130	107	60	82	253	361	456	459
Common Equity/Total Assets	19.84	19.18	20.81	14.52	10.26	10.7	12.19	12.89	14.69	11.63	5.11	6.88	8.37	11.59	9.54
Long-Term Debt/Equity (%)	0.27	0.24	0.17	0.19	44.8	50.35	42.28	37.08	23.42	58.7	104.11	95.15	73	69.42	87.39
Long-Term Debt/Capital (%)	0.27	0.23	0.13	0.19	30.94	33.49	29.72	26.12	16.63	36.89	49.97	48.02	40.23	28.16	46.64
Long-Term Debt/Total Assets (%)	0.05	0.05	0.04	0.03	4.6	5.39	5.15	4.78	3.44	6.82	5.32	6.55	6.11	8.05	8.34
Total Debt/Equity (%)	0.27	4.21	32.75	0.19	44.8	50.35	42.28	41.93	40.84	59.11	108.34	98.15	81.48	146.5	87.39
Total Debt/Capital (%)	0.27	4.04	24.67	0.19	30.94	33.49	29.72	29.54	29	37.15	52	49.53	44.9	59.43	46.64
Total Debt/Total Assets (%)	0.05	0.81	6.81	0.03	4.6	5.39	5.15	5.41	6	6.87	5.54	6.76	6.82	16.99	8.34
Net Debt to Equity	-25.05	-23.24	9	-33.9	-26.41	-19.56	-3.54	5.83	1.67	7.64	52.31	28.81	10.19	87.21	12.17
Net Debt/Capital (%)	-33.41	-30.28	8.26	-51.29	-35.88	-24.32	-3.67	5.51	1.55	6.72	31.93	20.76	8.68	45.33	10.38
EBITDA	2,316	1,876	2,082	2,293	2,522	2,875	2,936	3,425	3,598	3,825	4,303	5,055	5,526	5,999	6,365
EBITDA-CapEx	2,206	1,771	1,938	2,117	2,305	2,645	2,671	3,021	3,154	3,498	3,924	4,689	5,171	5,621	5,896
Operating Income (Loss)	1,939	1,668	1,815	2,014	2,191	2,354	2,557	3,024	3,142	3,325	3,803	4,507	4,947	5,412	5,779

Liquidity (USD)

Liquidity Ratios API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Cash Ratio	0.07	0.07	0.15	0.06	0.09	0.09	0.07	0.06	0.06	0.07	0.03	0.05	0.07	0.19	0.08
Current Ratio	1.09	1.06	1.14	1.06	1.1	1.1	1.05	1.05	1.05	1.07	0.99	0.99	1.01	1.05	1.05
Quick Ratio	0.13	0.13	0.21	0.12	0.14	0.15	0.14	0.13	0.14	0.14	0.08	0.12	0.15	0.28	0.15
CFO/Avg Current Liab	0.08	0.07	0.07	0.08	0.06	0.06	0.08	0.09	0.1	0.09	0.07	0.09	0.09	0.11	0.12
Common Equity/Total Assets	19.84	19.18	20.81	14.52	10.26	10.7	12.19	12.89	14.69	11.63	5.11	6.88	8.37	11.59	9.54
Long-Term Debt/Equity (%)	0.27	0.24	0.17	0.19	44.8	50.35	42.28	37.08	23.42	58.7	104.11	95.15	73	69.42	87.39
Long-Term Debt/Capital (%)	0.27	0.23	0.13	0.19	30.94	33.49	29.72	26.12	16.63	36.89	49.97	48.02	40.23	28.16	46.64
Long-Term Debt/Total Assets (%)	0.05	0.05	0.04	0.03	4.6	5.39	5.15	4.78	3.44	6.82	5.32	6.55	6.11	8.05	8.34
Total Debt/Equity (%)	0.27	4.21	32.75	0.19	44.8	50.35	42.28	41.93	40.84	59.11	108.34	98.15	81.48	146.5	87.39
Total Debt/Capital (%)	0.27	4.04	24.67	0.19	30.94	33.49	29.72	29.54	29	37.15	52	49.53	44.9	59.43	46.64
Total Debt/Total Assets (%)	0.05	0.81	6.81	0.03	4.6	5.39	5.15	5.41	6	6.87	5.54	6.76	6.82	16.99	8.34
CFO/Total Liabilities	7.73	6.05	7.17	6.97	4.84	6.4	7.37	7.37	9.06	7.18	5.18	8.87	8.35	10.47	9.52
CFO/CapEx	17.44	15.04	12.68	11.17	8.72	9.23	9.5	6.65	6.82	9.45	8.18	11.52	11.71	13.06	11.61
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.42	1.85	2.48	2.55	2.99	2.34

Working Capital (USD)

Working Capital Ratios API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Accounts Receivable Turnover	8.14	6.67	6.98	7.39	7.09	7.18	7.2	6.38	5.98	5.81	5.59	5.83	5.97	5.87	6.18
Days Sales Outstanding	44.84	54.72	52.3	49.41	51.46	50.84	50.7	57.21	61.05	62.86	65.24	62.62	61.18	62.2	59.04
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

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	84,147	87,769	90,244	98,100	111,676	88,922
- Cash & Cash Equivalents	1,548	1,699	1,584	1,639	3,191	2,780	2,170	1,949	1,909	2,575	1,436	2,084	2,913	3,348	4,230
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	17	261	2,185	9	2,008	2,002	2,002	2,264	2,349	3,352	3,494	3,444	3,705	9,065	5,271
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	84,923	89,780	91,590	98,508	112,895	89,963
Total Capital	6,131	6,451	8,855	4,818	6,489	5,979	6,738	7,664	8,101	9,022	6,720	6,953	8,253	15,253	11,302
Total Debt/Capital (%)	0.27	4.04	24.67	0.19	30.94	33.49	29.72	29.54	29	37.15	52	49.53	44.9	59.43	46.64
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.04	0.04	0.04	0.04	0.08	0.06
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.66	5.44	5.08	5.13	5.49	4.1
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.2	20.87	18.12	17.83	18.82	14.13
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.62	23.7	20.33	19.84	20.84	15.57
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.05	28.38	20.8	22.21	21.34	15.52
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	30.2	32.25	22.69	24.14	22.99	16.89
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	85,021	88,823	91,032	99,085	112,613	90,152
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	85,797	90,834	92,378	99,493	113,831	91,192
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	200.43	215.76	222.25	241.38	278.55	226.15
TTM Sales	10,595	9,442	10,226	10,939	11,668	12,372	13,274	14,110	14,590	15,005	16,498	18,012	19,203	20,561	21,947
TTM EBITDA	2,316	1,876	2,082	2,293	2,522	2,875	2,936	3,425	3,598	3,825	4,303	5,055	5,526	5,999	6,365
TTM Operating Income	1,939	1,668	1,815	2,014	2,191	2,354	2,557	3,024	3,142	3,325	3,803	4,507	4,947	5,412	5,779
TTM Cash Flow to Firm	1,915	1,583	1,825	1,978	1,935	2,181	2,600	2,787	3,109	3,139	3,163	4,402	4,436	5,290	5,795
TTM Free Cash Flow to Firm	1,806	1,478	1,682	1,802	1,717	1,950	2,335	2,383	2,666	2,812	2,784	4,037	4,081	4,912	5,326

Multiples (USD)

Valuation Multiples API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	30.74	32.65	23.69	26.06	24.69	18.13
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.62	23.7	20.33	19.84	20.84	15.57
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	84,923	89,780	91,590	98,508	112,895	89,963
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	159.88	191.38	207.42	210.94	231.94	189.13
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.66	5.44	5.08	5.13	5.49	4.1
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.2	20.87	18.12	17.83	18.82	14.13
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.58	29.96	26.55	26.31	27.5	20.38
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	30.17	30.69	28.22	26.45	25.86	22.43
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.97	35.26	33.14	28.19	27.98	27.62
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	26.23	27.18	25.15	23.08	23.14	17.24
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.84	27.21	25.72	21.57	18.05	14.74
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.74	27.88	27.34	21.69	16.98	16.23
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.02	32.03	32.1	23.12	18.36	19.99
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.95	24.69	24.36	18.93	15.19	12.47
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	39.66	-214.96	-518.94	114.34	85.15	81.32
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	36.73	-220.25	-551.63	114.96	80.1	89.51
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	40.14	-253.02	-647.69	122.54	86.64	110.23
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	31.93	-195.03	-491.53	100.33	71.68	68.8
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.64	5.35	5.03	5.14	5.46	4.1
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.22	5.49	5.35	5.17	5.13	4.51
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.71	6.3	6.28	5.51	5.55	5.55
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.54	4.86	4.76	4.51	4.59	3.47
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.37	28.5	21.53	23.74	22.71	16.53
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.35	29.2	22.89	23.87	21.36	18.19
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.7	33.55	26.87	25.44	23.11	22.4
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.03	25.86	20.39	20.83	19.11	13.98
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	28.46	33.45	25.18	26.2	23.22	19.96
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	31.11	38.43	29.57	27.93	25.12	24.58
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	24.74	29.62	22.44	22.87	20.78	15.34
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.24	5.57	5.4	5.16	5.17	4.51
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.73	6.38	6.33	5.5	5.59	5.54
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.57	4.95	4.82	4.5	4.63	3.48
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	20.57	21.37	19.24	17.92	17.71	15.54
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.46	24.48	22.55	19.1	19.14	19.1
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	17.91	18.97	17.18	15.65	15.87	11.98
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	23.74	24.27	21.59	19.95	19.62	17.12
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.93	27.81	25.3	21.26	21.2	21.04
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	20.67	21.55	19.27	17.42	17.58	13.2
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	198.6	210.93	218.99	240.38	275.54	223.53
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	200.98	248.27	273.32	257.63	280.35	303.02
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	78,699	91,940	97,275	99,047	106,269	98,922
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	85,932	105,317	113,980	105,548	114,846	121,582
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	68,517	81,644	86,823	86,493	95,222	76,278

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	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	2026 Y
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025	06/30/2026

Shares Outstanding	484	483	480	466	456	445	439	434	430	424	416	412	408	405	398
Diluted Weighted Avg Shares	492	487	483	476	459	450	443	438	433	428	421	416	412	409	403
Basic Weighted Avg Shares	487	483	479	473	457	448	441	435	431	426	419	414	411	407	402
Revenue per Share	21.74	19.56	21.35	23.15	25.53	27.63	30.13	32.44	33.87	35.2	39.39	43.54	46.77	50.51	54.55
EBITDA per Share	4.75	3.89	4.35	4.85	5.52	6.42	6.66	7.87	8.35	8.97	10.27	12.22	13.46	14.74	15.82
Operating Income per Share	3.98	3.45	3.79	4.26	4.79	5.26	5.8	6.95	7.29	7.8	9.08	10.9	12.05	13.29	14.36
Basic EPS, GAAP	2.85	2.91	3.17	3.07	3.27	3.99	4.28	5.27	5.73	6.1	7.04	8.25	9.14	10.02	10.97
Basic EPS from Cont Ops	2.82	2.32	2.59	2.91	3.27	3.99	4.28	5.27	5.73	6.1	7.04	8.25	9.14	10.02	10.97
Diluted EPS, GAAP	2.82	2.89	3.14	3.05	3.25	3.97	4.25	5.24	5.7	6.07	7	8.21	9.1	9.98	10.94
Diluted EPS from Cont Ops	2.79	2.3	2.57	2.89	3.25	3.97	4.25	5.24	5.7	6.07	7	8.21	9.1	9.98	10.94
Dividend per Share	1.52	1.67	1.84	1.96	2.06	2.22	2.41	2.97	3.41	3.7	3.96	4.6	5.32	5.89	6.53
Cash Flow per Share	3.92	3.27	3.8	4.18	4.15	4.75	5.71	6.18	7.02	7.26	7.4	10.17	10.13	12.13	13.53
Free Cash Flow per Basic Share	3.7	3.05	3.5	3.8	3.68	4.23	5.11	5.25	5.99	6.49	6.5	9.29	9.26	11.2	12.36
Cash & Equivalents per Share	3.26	3.58	7.53	3.57	7.05	6.25	4.95	4.51	4.44	6.08	3.56	5.09	8.08	19.36	10.63
Book Value per Share	12.63	12.83	13.89	10.31	9.83	8.94	10.79	12.44	13.38	13.38	7.75	8.52	11.14	15.27	15.16
Tangible Book Value per Share	4.88	5.2	8.95	5.39	4.97	3.63	3.66	4.62	5.18	5.01	-0.98	-0.42	2.1	3.24	2.75