International Paper Company Financial Ratios — INP 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 (%)	19.62	12.26	19.36	8.4	20.85	21.98	39.47	28.98	16.25	6.19	20.69	17.11	3.42	6.74	-30.57
Return on Assets (%)	5.05	2.68	4.38	1.84	3.17	2.84	6.4	5.96	3.65	1.48	6.15	6.12	1.22	2.42	-11.57
Return on Capital (%)	10.89	7.26	- -	6.33	7.56	6.92	- -	10.59	6.48	3.41	11.89	- -	4.44	- -	- -
Return on Invested Capital (%)	9.71	6.32	- -	7	5.92	7.26	- -	8.66	2.91	1.54	5.38	- -	3.99	- -	- -
Gross Margin (%)	27.17	30.04	30.66	31.18	30.77	31.17	31.92	33.26	30.83	29.75	28.56	28.44	28.2	28.03	29.61
EBITDA Margin (%)	12.79	14.3	14.42	12.25	14.42	16.45	15.51	17.63	15.08	11.51	12.28	12.38	13.21	11.66	-0.53
Operating Margin (%)	8.91	8.19	9	10.43	10.88	10.79	10.92	12.71	9.52	7.74	7.57	8.29	4.68	3.69	-0.04
Incremental Operating Margin (%)	60.58	12.67	19.87	261.19	7.24	12.46	12.06	37.62	24.41	51.2	5.95	16.02	19.56	83.84	- -
Pretax Margin (%)	5.6	4.43	5.23	3.69	5.48	4.08	3.9	7.64	5.03	1.87	5.16	7.14	2.51	2.33	-14.25
Profit Margin (%)	5.08	3.63	5.94	2.35	4.54	4.64	9.86	8.63	6.69	2.74	9.05	7.11	1.8	3.52	-14.88
Net Income to Common Margin (%)	5.08	3.63	5.94	2.35	4.54	4.64	9.86	8.63	6.69	2.74	9.05	7.11	1.8	3.52	-14.88
Effective Tax Rate (%)	21.33	31.64	- -	14.11	36.84	24.28	- -	24.99	51.79	53.5	18.82	- -	16.92	- -	- -
Dvd Payout Ratio (%)	32.82	65.47	33.17	116.98	84.46	91.85	36.45	47.05	115.53	350.43	95.71	38.66	205.11	88.69	-34.43
Sustainable Growth Rate (%)	13.18	4.23	12.94	-1.43	3.24	1.79	25.09	15.35	-2.52	-15.51	0.89	10.5	-3.59	0.76	-41.1

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	9,908	12,176	11,531	11,423	15,547	17,598	17,448	16,952	16,374	12,544	5,815	5,862	5,905	5,822	10,317
ST Debt	719	444	661	742	426	239	311	639	4,388	4,246	196	763	138	191	992
LT Debt	9,189	11,732	10,870	10,681	15,121	17,359	17,137	16,313	11,986	8,298	5,619	5,099	5,767	5,631	9,325
Total Debt/EBITDA	2.97	3.9	3.4	3.95	5.22	5.49	5.17	4.13	5.93	6.21	2.45	2.24	2.79	3.15	-81.88
Net Debt/EBITDA	1.78	3.48	2.87	3.3	4.86	5.17	4.87	3.98	5.63	5.85	1.8	1.82	2.12	2.43	-68.94
Total Debt/EBIT	4.96	7.43	6.27	7.72	9.22	8.89	8.95	6.1	11.25	17.09	4.98	3.71	8.61	10.76	-3.43
Net Debt/EBIT	2.96	6.64	5.29	6.45	8.59	8.37	8.43	5.89	10.69	16.1	3.67	3.02	6.53	8.3	-2.89
EBITDA to Interest Expense	5.59	4.21	5.06	4.27	4.63	4.61	4.45	5.6	3.94	3.39	5.53	6.5	5.07	4.27	-0.23
EBITDA-CapEx/Interest Expense	3.64	2.35	3.27	2.26	2.32	2.67	2.61	3.46	2.12	2.13	4.25	4.19	2.34	2.14	-3.6
EBIT to Interest Expense	3.89	2.41	3.16	3.64	3.49	3.03	3.13	4.04	2.49	2.28	3.41	4.35	1.8	1.35	-0.02
Interest Expense	596	742	669	677	644	695	758	734	701	597	430	403	418	432	551
Common Equity/Total Assets	24.59	19.61	25.71	17.83	12.72	13.12	19.24	21.93	23.04	24.76	35.98	35.49	35.92	35.85	39.06
Long-Term Debt/Equity (%)	131.55	176.79	131.22	202.95	386.83	398.23	261.99	220.95	155.3	105.47	61.87	60.01	69.02	68.9	62.89
Long-Term Debt/Capital (%)	54.4	62.36	54.86	64.01	77.72	79.06	71.44	67.04	49.75	40.65	37.72	35.51	40.44	40.24	37.09
Long-Term Debt/Total Assets (%)	34.01	36.49	34.48	37.24	49.53	52.46	50.55	48.59	35.81	26.16	22.26	21.3	24.79	24.7	24.56
Total Debt/Equity (%)	141.85	183.48	139.2	217.04	397.72	403.72	266.75	229.61	212.15	159.43	64.03	68.99	70.68	71.23	69.58
Total Debt/Capital (%)	58.65	64.72	58.19	68.46	79.91	80.15	72.73	69.66	67.96	61.45	39.03	40.82	41.41	41.6	41.03
Total Debt/Total Assets (%)	36.67	37.87	36.57	39.82	50.92	53.18	51.46	50.49	48.92	39.55	23.04	24.49	25.39	25.54	27.18
Net Debt to Equity	84.67	163.86	117.44	181.3	370.86	380.02	251.18	221.63	201.59	150.23	47.17	56.2	53.62	54.95	58.58
Net Debt/Capital (%)	45.85	62.1	54.01	64.45	78.76	79.17	71.52	68.91	65.98	59.27	31.5	35.23	34.08	34.73	36.19
EBITDA	3,331	3,124	3,387	2,893	2,981	3,206	3,373	4,108	2,762	2,021	2,378	2,619	2,118	1,846	-126
EBITDA-CapEx	2,172	1,741	2,189	1,527	1,494	1,858	1,982	2,536	1,486	1,270	1,829	1,688	977	925	-1,983
Operating Income (Loss)	2,319	1,789	2,113	2,463	2,250	2,103	2,374	2,962	1,744	1,359	1,466	1,754	751	585	-10

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	0.26	0.35	0.38	0.27	0.25	0.2	0.13	0.06	0.64	0.37	0.16	0.28	0.25	0.14
Current Ratio	2.21	1.78	1.76	1.62	1.65	1.64	1.62	1.49	0.77	1.36	1.71	1.35	1.67	1.51	1.28
Quick Ratio	1.58	0.97	1.08	1.01	0.95	0.95	0.84	0.96	0.48	1	1.24	0.91	1.16	0.9	0.71
CFO/Avg Current Liab	0.58	0.61	0.6	0.61	0.58	0.62	0.38	0.66	0.54	0.36	0.33	0.48	0.41	0.41	0.28
Common Equity/Total Assets	24.59	19.61	25.71	17.83	12.72	13.12	19.24	21.93	23.04	24.76	35.98	35.49	35.92	35.85	39.06
Long-Term Debt/Equity (%)	131.55	176.79	131.22	202.95	386.83	398.23	261.99	220.95	155.3	105.47	61.87	60.01	69.02	68.9	62.89
Long-Term Debt/Capital (%)	54.4	62.36	54.86	64.01	77.72	79.06	71.44	67.04	49.75	40.65	37.72	35.51	40.44	40.24	37.09
Long-Term Debt/Total Assets (%)	34.01	36.49	34.48	37.24	49.53	52.46	50.55	48.59	35.81	26.16	22.26	21.3	24.79	24.7	24.56
Total Debt/Equity (%)	141.85	183.48	139.2	217.04	397.72	403.72	266.75	229.61	212.15	159.43	64.03	68.99	70.68	71.23	69.58
Total Debt/Capital (%)	58.65	64.72	58.19	68.46	79.91	80.15	72.73	69.66	67.96	61.45	39.03	40.82	41.41	41.6	41.03
Total Debt/Total Assets (%)	36.67	37.87	36.57	39.82	50.92	53.18	51.46	50.49	48.92	39.55	23.04	24.49	25.39	25.54	27.18
CFO/Total Liabilities	13.35	11.63	13.03	13.14	9.69	8.62	6.42	12.32	14.02	12.84	12.56	14.08	12.3	11.47	7.34
CFO/CapEx	2.31	2.15	2.53	2.25	1.74	1.84	1.26	2.05	2.83	4.08	3.7	2.34	1.61	1.82	0.91
Altman's Z-Score	- -	- -	2.05	2.27	1.75	1.68	1.9	1.9	1.52	1.77	2.51	2.55	2.25	2.47	1.65

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	7.98	6.2	6.42	6.91	7.18	7.05	7.08	6.85	5.39	5.94	6.6	6.5	5.24	6.04	7.63
Days Sales Outstanding	45.74	58.86	56.87	52.85	50.83	51.74	51.53	53.31	67.76	61.43	55.27	56.2	69.72	60.43	47.82
Inventory Turnover	8.13	6.05	5.86	6.19	6.15	6.02	6.51	6.83	5.7	6.44	8.04	8.06	6.01	6.75	9.51
Days Inventory Outstanding	44.92	60.29	62.26	58.94	59.32	60.67	56.05	53.43	64.09	56.71	45.39	45.27	60.73	54.04	38.37
Accounts Payable Turnover	7.49	5.95	5.77	5.7	5.95	6.28	6.39	6.36	5.23	5.27	6.04	5.75	4.45	4.83	5.71
Accounts Payable Turnover Days	48.74	61.33	63.24	64.05	61.3	58.15	57.11	57.42	69.85	69.2	60.41	63.51	82.02	75.56	63.93
Cash Conversion Cycle	41.93	57.82	55.9	47.73	48.84	54.26	50.47	49.33	62	48.93	40.24	37.96	48.43	38.91	22.27
Inventory to Cash Days	0.82	-1.43	-5.39	-6.09	-8.49	-8.93	-4.52	-0.12	3.67	4.72	9.88	10.93	8.99	6.38	9.45
Inventories	2,320	2,730	2,825	2,424	2,228	2,233	2,313	2,241	2,208	1,626	1,814	1,942	1,889	1,486	2,012
Raw Materials	758	948	944	1,056	902	902	889	901	957	712	731	783	851	689	1,138
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	1,503	1,728	1,834	1,273	1,248	1,231	1,337	1,241	1,192	876	1,014	1,071	975	767	792
Other Inventory	59	54	47	95	78	100	87	99	59	38	69	88	63	30	82

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	- -	- -	19,815	21,934	15,118	20,947	22,963	15,157	17,185	18,598	17,714	12,147	12,533	18,734	19,159
- Cash & Cash Equivalents	3,994	1,302	1,802	1,881	1,050	1,033	1,018	589	511	468	1,295	804	1,113	1,062	1,145
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	340	332	179	148	25	18	19	21	5	14	- -	- -	- -	- -	- -
+ Total Debt	9,908	12,176	11,531	11,423	15,547	17,598	17,448	16,952	16,374	12,544	5,815	5,862	5,905	5,822	10,317
Enterprise Value	- -	- -	29,723	31,624	29,640	37,530	39,412	31,541	33,053	25,838	21,989	17,205	17,325	23,494	28,331
Total Capital	16,893	18,812	19,815	16,686	19,456	21,957	23,989	24,335	24,092	20,412	14,897	14,359	14,260	13,995	25,144
Total Debt/Capital (%)	58.65	64.72	58.19	68.46	79.91	80.15	72.73	69.66	67.96	61.45	39.03	40.82	41.41	41.6	41.03
Total Debt / EV	- -	- -	0.39	0.36	0.52	0.47	0.44	0.54	0.5	0.49	0.26	0.34	0.34	0.25	0.36
EV/Sales	- -	- -	1.27	1.34	1.43	1.93	1.81	1.35	1.8	1.47	1.14	0.81	1.08	1.48	1.2
EV/EBITDA	- -	- -	8.78	10.93	9.94	11.71	11.68	7.68	11.97	12.78	9.25	6.57	8.18	12.73	- -
EV/EBIT	- -	- -	16.15	21.38	17.57	18.96	20.21	11.35	22.7	35.2	18.83	10.9	25.25	43.43	- -
EV/Cash Flow to Firm	- -	- -	- -	8.64	9.92	12.49	- -	8.35	8.37	7.73	9.24	- -	7.95	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	13.79	19.76	22.66	- -	14.31	12.37	9.98	12.02	- -	16.67	- -	- -
Diluted Market Cap	- -	- -	20,349	22,552	15,429	21,170	23,228	15,672	17,479	18,721	18,364	12,727	12,644	19,100	18,357
Diluted Enterprise Value	- -	- -	30,257	32,242	29,951	37,753	39,677	32,056	33,347	25,961	22,639	17,785	17,436	23,860	27,529
EV per Share	- -	- -	68.12	75.27	71.92	91.26	95.45	78.74	84.3	65.73	58.09	49.12	50.07	67.63	53.66
TTM Sales	26,034	21,852	23,483	23,617	20,675	19,495	21,743	23,306	18,317	17,565	19,363	21,161	16,033	15,835	23,634
TTM EBITDA	3,331	3,124	3,387	2,893	2,981	3,206	3,373	4,108	2,762	2,021	2,378	2,619	2,118	1,846	-126
TTM Operating Income	2,319	1,789	2,113	2,463	2,250	2,103	2,374	2,962	1,744	1,359	1,466	1,754	751	585	-10
TTM Cash Flow to Firm	3,144	3,474	- -	3,659	2,987	3,004	- -	3,777	3,948	3,341	2,379	- -	2,180	- -	- -
TTM Free Cash Flow to Firm	1,985	2,091	- -	2,293	1,500	1,656	- -	2,205	2,672	2,590	1,830	- -	1,039	- -	- -

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	- -	- -	11.12	13.18	14.12	18.73	63.47	9.47	7.49	8.1	12.4	10.24	18.27	25.23	-115.45
EV/EBIT	- -	- -	16.15	21.38	17.57	18.96	20.21	11.35	22.7	35.2	18.83	10.9	25.25	43.43	- -
Enterprise Value	- -	- -	29,723	31,624	29,640	37,530	39,412	31,541	33,053	25,838	21,989	17,205	17,325	23,494	28,331
Low Price	- -	- -	41.72	43.89	35.73	31.39	47.87	37.84	35.69	26.74	44.98	31.37	29.64	33.09	36.14
EV/Sales	- -	- -	1.27	1.34	1.43	1.93	1.81	1.35	1.8	1.47	1.14	0.81	1.08	1.48	1.2
EV/EBITDA	- -	- -	8.78	10.93	9.94	11.71	11.68	7.68	11.97	12.78	9.25	6.57	8.18	12.73	- -
Price/Earnings	- -	- -	14.42	40.16	16.3	23.15	10.71	7.71	14.14	38.46	10.4	8.38	43.64	33.7	- -
Price/Earnings Average	- -	- -	13.67	35.95	20.34	19.09	10.38	9.95	13.64	30.7	11.82	10.19	41.83	27.84	- -
Price/Earnings High	- -	- -	14.94	40.17	23.81	23.59	10.83	11.75	14.83	40.57	13.75	12.1	49.95	37.49	- -
Price/Earnings Low	- -	- -	13.24	33.76	15.88	14.27	9.22	7.71	11.51	21.74	10	7.58	35.71	20.68	- -
Price/Book Value	- -	- -	2.44	4.29	3.89	4.83	3.52	2.06	2.23	2.37	1.95	1.43	1.5	2.29	1.29
Price/Book Value Average	- -	- -	2.32	3.84	4.86	3.98	3.41	2.66	2.15	1.89	2.22	1.74	1.44	1.89	1.74
Price/Book Value High	- -	- -	2.53	4.29	5.68	4.92	3.56	3.14	2.34	2.5	2.58	2.07	1.72	2.55	2.13
Price/Book Value Low	- -	- -	2.25	3.61	3.79	2.97	3.03	2.06	1.81	1.34	1.87	1.29	1.23	1.41	1.29
Price/Tangible Book Value	- -	- -	5.71	27.32	98.17	48.71	8.73	4.22	4.3	4.19	3.12	2.32	2.44	3.7	3.51
Price/Tangible Book Value Average	- -	- -	5.42	24.46	122.45	40.17	8.46	5.44	4.15	3.34	3.54	2.82	2.34	3.06	4.73
Price/Tangible Book Value High	- -	- -	5.92	27.33	143.35	49.63	8.83	6.43	4.51	4.42	4.12	3.35	2.8	4.12	5.78
Price/Tangible Book Value Low	- -	- -	5.25	22.97	95.62	30.02	7.52	4.22	3.5	2.37	3	2.1	2	2.27	3.5
Price/Sales	- -	- -	0.86	0.94	0.74	1.07	1.06	0.67	0.95	1.06	0.94	0.6	0.78	1.19	0.78
Price/Sales Average	- -	- -	0.81	0.84	0.92	0.89	1.02	0.86	0.91	0.84	1.07	0.72	0.75	0.98	1.05
Price/Sales High	- -	- -	0.89	0.94	1.08	1.09	1.07	1.01	0.99	1.11	1.24	0.86	0.9	1.32	1.28
Price/Sales Low	- -	- -	0.79	0.79	0.72	0.66	0.91	0.67	0.77	0.6	0.9	0.54	0.64	0.73	0.77
Price/Cash Flow	- -	- -	6.64	7.24	5.93	8.45	13.07	4.81	4.8	6.05	8.98	5.79	6.86	11.19	10.81
Price/Cash Flow Average	- -	- -	6.3	6.48	7.39	6.96	12.67	6.2	4.63	4.83	10.2	7.05	6.57	9.24	14.57
Price/Cash Flow High	- -	- -	6.88	7.25	8.66	8.6	13.21	7.33	5.03	6.38	11.87	8.37	7.85	12.45	17.81
Price/Cash Flow Low	- -	- -	6.1	6.09	5.77	5.21	11.26	4.81	3.91	3.42	8.63	5.24	5.61	6.87	10.77
Price/Free Cash Flow Average	- -	- -	10.55	11.8	17.61	15.45	61.49	12.23	7.23	6.46	14.1	12.46	17.51	20.84	-155.65
Price/Free Cash Flow High	- -	- -	11.52	13.19	20.61	19.09	64.14	14.44	7.85	8.54	16.39	14.79	20.92	28.07	-190.21
Price/Free Cash Flow Low	- -	- -	10.21	11.08	13.75	11.55	54.64	9.47	6.1	4.58	11.92	9.26	14.95	15.48	-114.99
EV/Sales Average	- -	- -	1.22	1.24	1.61	1.74	1.78	1.54	1.77	1.26	1.26	0.94	1.05	1.28	1.48
EV/Sales High	- -	- -	1.3	1.34	1.77	1.95	1.82	1.69	1.85	1.53	1.43	1.07	1.19	1.62	1.72
EV/Sales Low	- -	- -	1.2	1.19	1.41	1.51	1.67	1.35	1.63	1.01	1.1	0.76	0.94	1.03	1.2
EV/EBITDA Average	- -	- -	8.47	10.14	11.2	10.56	11.47	8.75	11.75	10.93	10.27	7.57	7.93	10.96	- -
EV/EBITDA High	- -	- -	8.99	10.93	12.28	11.83	11.76	9.61	12.27	13.29	11.65	8.63	9.04	13.87	- -
EV/EBITDA Low	- -	- -	8.3	9.72	9.81	9.2	10.74	7.68	10.81	8.78	8.96	6.13	7.11	8.81	- -
EV/EBIT Average	- -	- -	15.6	19.83	19.79	17.11	19.85	12.93	22.29	30.09	20.9	12.56	24.5	37.41	- -
EV/EBIT High	- -	- -	16.55	21.39	21.69	19.16	20.34	14.2	23.28	36.59	23.71	14.32	27.9	47.32	- -
EV/EBIT Low	- -	- -	15.28	19.02	17.34	14.9	18.57	11.35	20.51	24.19	18.24	10.16	21.94	30.05	- -
Last Price	- -	- -	45.41	52.2	36.68	50.94	55.61	37.84	43.83	47.31	46.8	34.68	36.22	53.92	36.29
High Price	- -	- -	47.06	52.23	53.56	51.89	56.2	57.67	45.96	49.9	61.87	50.09	41.46	59.99	59.78
Enterprise Value Average	- -	- -	28,701	29,328	33,380	33,854	38,699	35,946	32,449	22,083	24,413	19,835	16,805	20,236	35,001
Enterprise Value High	- -	- -	30,443	31,634	36,597	37,923	39,654	39,487	33,890	26,857	27,693	22,605	19,139	25,601	40,737
Enterprise Value Low	- -	- -	28,110	28,133	29,247	29,493	36,217	31,541	29,861	17,752	21,301	16,048	15,049	16,257	28,254

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	437	440	436	420	412	411	413	401	392	393	379	350	346	347	528
Diluted Weighted Avg Shares	437	440	448	432	421	416	418	414	399	396	392	367	349	354	506
Basic Weighted Avg Shares	432	436	443	427	417	411	413	410	395	392	389	363	347	348	506
Revenue per Share	60.24	50.09	53.03	55.32	49.59	47.44	52.63	56.87	46.35	44.82	49.73	58.25	46.21	45.49	46.72
EBITDA per Share	7.71	7.16	7.65	6.78	7.15	7.8	8.17	10.02	6.99	5.16	6.11	7.21	6.1	5.3	-0.25
Operating Income per Share	5.37	4.1	4.77	5.77	5.4	5.12	5.75	7.23	4.41	3.47	3.77	4.83	2.16	1.68	-0.02
Basic EPS, GAAP	3.06	1.82	3.15	1.3	2.25	2.2	5.19	4.91	3.1	1.23	4.5	4.14	0.83	1.6	-6.95
Basic EPS from Cont Ops	2.98	1.65	3.81	1.29	2	1.95	5.11	4.08	1.76	0.59	2.09	4.79	0.9	2.08	-5.61
Diluted EPS, GAAP	3.03	1.8	3.11	1.28	2.23	2.18	5.13	4.86	3.07	1.22	4.46	4.1	0.82	1.57	-6.95
Diluted EPS from Cont Ops	2.95	1.64	3.76	1.27	1.98	1.92	5.05	4.04	1.74	0.58	2.07	4.74	0.9	2.05	-5.61
Dividend per Share	0.99	1.09	1.25	1.45	1.64	1.78	1.86	1.93	2.01	2.06	2	1.85	1.85	1.85	1.93
Cash Flow per Share	6.19	6.8	6.84	7.21	6.19	6.03	4.25	7.87	9.14	7.82	5.21	5.98	5.28	4.82	3.36
Free Cash Flow per Basic Share	3.51	3.63	4.13	4.01	2.62	2.75	0.89	4.04	5.91	5.9	3.8	3.42	1.99	2.17	-0.31
Cash & Equivalents per Share	9.14	2.96	4.13	4.48	2.55	2.51	2.47	1.47	1.3	13.53	4.07	2.3	3.22	3.06	2.17
Book Value per Share	15.21	14.33	18.58	12.17	9.42	10.56	15.79	18.38	19.67	19.98	23.99	24.26	24.14	23.53	28.08
Tangible Book Value per Share	9.1	2.55	7.95	1.91	0.37	1.05	6.37	8.97	10.2	11.29	15.02	14.95	14.83	14.57	10.34