This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.														Estimates	Estimates	Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Q1 2025				https://www.annualreports.com/Company/Ensign-Energy-Services
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/
Ensign Energy Services Inc					TSX:	ESI	OTC:	ESVIF	www.ensignenergy.com			Fiscal Yr:	Dec 31
Year	12/31/13	12/31/14	12/31/15	12/31/16	12/31/17	12/31/18	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23	12/31/24	12/31/25	12/31/26	12/31/27	12/31/28		Value	Description	#Y	Item	Total G
Accounting Rules	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS
split
Oilfield Services										$1,155.1	$1,243.6	$1,176.7	$1,193.6
Change										#DIV/0!	7.66%	-5.38%	1.44%
Ratio										0.73	0.69	0.70	0.73
Gen, Admin Comp. Foreign Ex										$48.8	$64.1	$47.2	$69.4
Change										#DIV/0!	31.46%	-26.28%	46.89%
Ratio										0.03	0.04	0.03	0.04
Total										$1,203.8	$1,307.6	$1,223.9	$1,263.0
Change										#DIV/0!	8.62%	-6.40%	3.19%
Ratio										0.76	0.73	0.73	0.77
														$1,620.4	<-12 mths	-1.13%
Revenue*	$2,098.0	$2,321.8	$1,391.0	$859.7	$1,000.7	$1,156.4	$1,592.2	$936.8	$995.6	$1,577.3	$1,791.8	$1,684.2	$1,638.9	$1,710	$1,824	$2,059		17.82%	<-Total Growth	10	Revenue
Increase	-4.52%	10.67%	-40.09%	-38.19%	16.39%	15.56%	37.70%	-41.16%	6.27%	58.43%	13.60%	-6.00%	-2.69%	4.34%	6.67%	12.88%		1.65%	<-IRR #YR->	10	Revenue	17.82%
5 year Running Average	$1,735.8	$1,972.6	$1,979.7	$1,773.6	$1,534.2	$1,345.9	$1,200.0	$1,109.2	$1,136.3	$1,251.7	$1,378.8	$1,397.1	$1,537.6	$1,680.4	$1,729.8	$1,783.2		11.84%	<-IRR #YR->	5	Revenue	74.94%
Revenue per Share	$13.73	$15.23	$9.13	$5.60	$6.38	$7.37	$9.79	$5.79	$6.15	$8.60	$9.77	$9.18	$8.93	$9.28	$9.90	$11.17		-2.50%	<-IRR #YR->	10	5 yr Running Average	-22.33%
Increase	-4.64%	10.91%	-40.04%	-38.71%	14.05%	15.48%	32.78%	-40.86%	6.18%	39.87%	13.62%	-6.03%	-2.69%	3.87%	6.67%	12.88%		6.75%	<-IRR #YR->	5	5 yr Running Average	38.62%
5 year Running Average	$11.36	$12.92	$12.97	$11.62	$10.02	$8.74	$7.65	$6.99	$7.10	$7.54	$8.02	$7.90	$8.52	$9.15	$9.41	$9.69		-0.22%	<-IRR #YR->	10	Revenue per Share	-2.20%
P/S (Price/Sales) Med	1.23	0.90	1.01	1.30	1.22	0.81	0.44	0.29	0.28	0.38	0.30	0.28	0.29	0.40	0.00	0.00		9.06%	<-IRR #YR->	5	Revenue per Share	54.31%
P/S (Price/Sales) Close	1.22	0.67	0.81	1.68	1.01	0.64	0.29	0.16	0.27	0.40	0.22	0.32	0.28	0.43	0.40	0.36		-4.11%	<-IRR #YR->	10	5 yr Running Average	-34.29%
*Revenue in M CDN $					P/S Med	20 yr	1.05	15 yr	0.81	10 yr	0.34	5 yr	0.29		25.91%	Diff M/C		4.06%	<-IRR #YR->	5	5 yr Running Average	22.03%
			-$1,391	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,639
								-$937	$0	$0	$0	$0	$1,639
			-$1,980	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,538
								-$1,109	$0	$0	$0	$0	$1,538
			-$9.13	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.93
								-$5.79	$0.00	$0.00	$0.00	$0.00	$8.93
			-$12.97	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.52
								-$6.99	$0.00	$0.00	$0.00	$0.00	$8.52
Estimates														$361.51	<-12 mths	-2.32%			Estimates
Estimates														$1.96	<-12 mths	-2.00%			Estimates
Payout Ratio FFO														0.00%					Estimates		Payout Ratio EPS
Funds Flow from Operations	$435.6	$491.9	$296.3	$170.7	$141.4	$225.9	$237.0	$210.3	$190.7	$372.0	$464.9	$436.2	$370.1	$351.7				24.92%	<-Total Growth	10	Funds Flow from Operations
FFO* Basic	$2.85	$3.22	$1.94	$1.12	$0.90	$1.44	$1.48	$1.30	$1.17	$2.12	$2.53	$2.37	$2.01					3.61%	<-Total Growth	10	FFO
FFO* Diluted	$2.84	$3.21	$1.94	$1.11	$0.90	$1.44	$1.48	$1.30	$1.17	$2.11	$2.51	$2.36	$2.00	$1.91				3.09%	<-Total Growth	10	FFO
Increase	-14.20%	13.03%	-39.56%	-42.78%	-18.92%	60.00%	2.78%	-12.16%	-10.00%	80.34%	18.96%	-5.98%	-15.25%	-4.50%				10	0	10	Years of Data, EPS P or N	100.00%
FFO Yield	16.98%	31.47%	26.29%	11.83%	13.91%	30.57%	51.93%	142.86%	69.64%	61.88%	115.67%	79.19%	78.74%	47.87%				0.31%	<-IRR #YR->	10	FFO	3.09%
5 year Running Average	$2.58	$2.89	$2.88	$2.48	$2.00	$1.72	$1.37	$1.25	$1.26	$1.50	$1.71	$1.89	$2.03	$2.18				9.00%	<-IRR #YR->	5	FFO	53.85%
Payout Ratio	15.49%	14.64%	24.74%	43.24%	53.33%	33.33%	32.43%	9.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%				-3.44%	<-IRR #YR->	10	5 yr Running Average	-29.56%
5 year Running Average	15.87%	14.72%	16.02%	22.16%	30.29%	33.86%	37.42%	34.31%	25.67%	15.00%	8.33%	1.85%	0.00%	0.00%				10.25%	<-IRR #YR->	5	5 yr Running Average	62.92%
Price/FFO Median	5.93	4.28	4.78	6.54	8.64	4.13	2.89	1.27	1.49	1.56	1.17	1.11	1.31	1.92				1.53	<-Median->	10	Price/FFO Median
Price/FFO High	6.38	5.52	6.39	8.71	10.64	5.31	4.25	2.36	2.12	2.30	1.62	1.34	1.72	2.48				2.33	<-Median->	10	Price/FFO High
Price/FFO Low	5.49	3.03	3.16	4.36	6.63	2.94	1.53	0.18	0.86	0.82	0.72	0.88	0.90	1.37				0.89	<-Median->	10	Price/FFO Low
Price/FFO Close	5.89	3.18	3.80	8.45	7.19	3.27	1.93	0.70	1.44	1.62	0.86	1.26	1.27	2.09				1.53	<-Median->	10	Price/FFO Close
Trailing P/FFO Close	5.05	3.59	2.30	4.84	5.83	5.23	1.98	0.61	1.29	2.91	1.03	1.19	1.08	2.00				1.64	<-Median->	10	Trailing P/FFO Close
Median Values	Historical	in order	4.68	5.52	3.16	3.80	P/CF	5 Yrs	in order	1.31	1.72	0.86	1.27		60.08%	Diff M/C					DPR 75% to 95% best
* Funds From Operations
			-$1.94	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.00
								-$1.30	$0.00	$0.00	$0.00	$0.00	$2.00
			-$2.88	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.03
								-$1.25	$0.00	$0.00	$0.00	$0.00	$2.03
														-$0.29	<-12 mths	-38.10%
Difference Basic and Diluted	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%					0.00%	<-Median->	10	Difference Basic and Diluted
EPS Basic	$0.84	$0.47	-$0.68	-$0.99	-$0.24	$0.37	-$1.02	-$0.49	-$0.98	$0.05	$0.22	-$0.11	-$0.21					69.12%	<-Total Growth	10	Earnings Basic
Pre-split '01
Pre-split '06
EPS Diluted*	$0.84	$0.46	-$0.68	-$0.98	-$0.24	$0.37	-$1.02	-$0.49	-$0.98	$0.05	$0.22	-$0.11	-$0.21	-$0.14	$0.09	$0.40		69.12%	<-Total Growth	10	Earnings Diluted
Increase	-40.85%	-45.24%	-247.83%	-44.12%	75.51%	254.17%	-375.68%	51.96%	-100.00%	105.10%	340.00%	-150.00%	-90.91%	36%	167%	344%		3	7	10	Years of Data, EPS P or N
Earnings Yield	5.0%	4.5%	-9.2%	-10.4%	-3.7%	7.9%	-35.8%	-53.8%	-58.3%	1.5%	10.1%	-3.7%	-8.3%	-3.4%	2.3%	10.0%		-11.09%	<-IRR #YR->	10	Earnings per Share	69.12%
5 year Running Average	$1.05	$0.98	$0.69	$0.21	-$0.12	-$0.21	-$0.51	-$0.47	-$0.47	-$0.41	-$0.44	-$0.26	-$0.21	-$0.04	-$0.03	$0.01		9.46%	<-IRR #YR->	5	Earnings per Share	57.14%
10 year Running Average	$1.26	$1.23	$1.05	$0.74	$0.55	$0.42	$0.24	$0.11	-$0.13	-$0.27	-$0.33	-$0.39	-$0.34	-$0.25	-$0.22	-$0.22		#NUM!	<-Power->	10	5 yr Running Average	-130.03%
* Diluted ESP per share									E/P	10 Yrs	-5.99%	5Yrs	-3.69%					-15.28%	<-IRR #YR->	5	5 yr Running Average	56.36%
			$0.68	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$0.21
								$0.49	$0.00	$0.00	$0.00	$0.00	-$0.21
			-$0.69	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$0.21
								$0.47	$0.00	$0.00	$0.00	$0.00	-$0.21
Estimates Dividend														$0.00							Estimates Dividend
Estimates Increase														#DIV/0!							Estimates Increase
Estimates Yield														0.00%							Estimates Yield
Special Dividends	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends
Pre-split '01
Pre-split '06
Dividend*	$0.44	$0.47	$0.48	$0.48	$0.48	$0.48	$0.48	$0.12	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		-100.00%	<-Total Growth	10	Dividends
Increase	4.76%	6.82%	2.13%	0.00%	0.00%	0.00%	0.00%	-75.00%	-100.00%	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!		20	2	30	Years of data, Count P, N
Average Increases 5 Year Running	5.79%	6.55%	6.10%	4.28%	2.74%	1.79%	0.43%	-15.00%	-35.00%	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!		#DIV/0!	<-Median->	6	Average Incr 5 Year Running
Dividends 5 Yr Running	$0.39	$0.42	$0.44	$0.46	$0.47	$0.48	$0.48	$0.41	$0.31	$0.22	$0.12	$0.02	$0.00	$0.00	$0.00	$0.00		-100.00%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	2.61%	3.42%	5.18%	6.62%	6.17%	8.07%	11.23%	7.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%				3.09%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	2.43%	2.65%	3.87%	4.96%	5.01%	6.27%	7.63%	3.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%				1.95%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	2.82%	4.84%	7.83%	9.92%	8.04%	11.32%	21.24%	52.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%				4.02%	<-Median->	10	Yield on Low Price	FFO
Yield on Close Price	2.63%	4.61%	6.50%	5.12%	7.42%	10.19%	16.84%	13.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		2.56%	<-Median->	10	Yield on Close Price	CFPS
Payout Ratio EPS	52.38%	102.17%	0.00%	0.00%	0.00%	129.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		0.00%	<-Median->	10	DPR EPS	FCF
DPR EPS 5 Yr Running	37.07%	42.40%	64.14%	216.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		0.00%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	14.85%	15.83%	17.73%	44.59%	55.67%	49.49%	28.96%	7.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		3.93%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	15.65%	15.32%	15.16%	17.40%	22.22%	27.84%	33.00%	33.49%	25.50%	15.43%	6.88%	1.25%	0.00%	0.00%	0.00%	0.00%		19.81%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	14.85%	16.45%	19.09%	149.35%	53.57%	47.53%	22.74%	9.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		4.62%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	15.03%	14.68%	14.94%	19.18%	24.60%	31.45%	35.02%	36.19%	24.02%	14.16%	6.56%	1.27%	0.00%	0.00%	0.00%	0.00%		21.60%	<-Median->	10	DPR CF WC 5 Yr Running
Median 5 Yrs	10 Yr Med	10 Yr Cl	3.09%	2.56%	5 Yr Med	5 Yr Cl	0.00%	0.00%	5 Yr Med	Payout	0.00%	0.00%	0.00%					#NUM!	<-IRR #YR->	5	Dividends	-100.00%
* Dividends per share	10 Yr Med	and Cur.	-100.00%	-100.00%	5 Yr Med	and Cur.	#DIV/0!	#DIV/0!	Last Div Inc --->		$0.0600	$0.0000	-100.0%					#NUM!	<-IRR #YR->	10	Dividends	-100.00%
Dividends Growth 15																		#NUM!	<-IRR #YR->	15	Dividends	-100.00%
Dividends Growth 20																		#NUM!	<-IRR #YR->	20	Dividends	-100.00%
Dividends Growth 25																		#NUM!	<-IRR #YR->	25	Dividends	-100.00%
Dividends Growth 30																		#NUM!	<-IRR #YR->	30	Dividends	#DIV/0!
Dividends Growth 5								-$0.12	$0.00	$0.00	$0.00	$0.00	$0.00								Dividends Growth 5
Dividends Growth 10			-$0.48	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00								Dividends Growth 10
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00								Dividends Growth 15
Dividends Growth 20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00								Dividends Growth 20
Dividends Growth 25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00								Dividends Growth 25
Dividends Growth 30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00								Dividends Growth 30
Historical Dividends	Historical	High Div	11.04%	Low Div	0.00%	10 Yr High	49.08%	10 Yr Low	0.00%	Med Div	1.76%	Close Div	1.52%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-100.00%	#DIV/0!	#DIV/0!	Exp.	-100.00%		#DIV/0!	Exp.	-100.00%	Exp.	-100.00%								High/Ave/Median
Future Dividend Yield					Div Yield	#NUM!	earning in	5.00	Years	at IRR of	#NUM!	Div Inc.	#NUM!								Future Dividend Yield
Future Dividend Yield					Div Yield	#NUM!	earning in	10.00	Years	at IRR of	#NUM!	Div Inc.	#NUM!								Future Dividend Yield
Future Dividend Yield					Div Yield	#NUM!	earning in	15.00	Years	at IRR of	#NUM!	Div Inc.	#NUM!								Future Dividend Yield
Future Dividend Paid					Div Paid	#NUM!	earning in	5	Years	at IRR of	#NUM!	Div Inc.	#NUM!								Future Dividend Paid
Future Dividend Paid					Div Paid	#NUM!	earning in	10	Years	at IRR of	#NUM!	Div Inc.	#NUM!								Future Dividend Paid
Future Dividend Paid					Div Paid	#NUM!	earning in	15	Years	at IRR of	#NUM!	Div Inc.	#NUM!								Future Dividend Paid
Dividend Covering Cost					Total Div	#NUM!	over	5	Years	at IRR of	#NUM!	Div Cov.	#NUM!								Dividend Covering Cost
Dividend Covering Cost					Total Div	#NUM!	over	10	Years	at IRR of	#NUM!	Div Cov.	#NUM!								Dividend Covering Cost
Dividend Covering Cost					Total Div	#NUM!	over	15	Years	at IRR of	#NUM!	Div Cov.	#NUM!								Dividend Covering Cost
Yield if held 5 years	2.48%	3.49%	3.37%	2.84%	3.10%	2.85%	3.50%	1.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		0.65%	<-Median->	10	Paid Median Price	Yr
Yield if held 10 years	4.71%	4.11%	2.65%	2.22%	2.57%	2.71%	3.57%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		0.42%	<-Median->	10	Paid Median Price	5
Yield if held 15 years	11.16%	10.96%	6.64%	6.37%	6.42%	5.14%	4.20%	0.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		0.33%	<-Median->	10	Paid Median Price	5
Yield if held 20 years			56.20%	16.94%	7.11%	12.18%	11.20%	1.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		0.83%	<-Median->	10	Paid Median Price	5
Yield if held 25 years								14.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		0.00%	<-Median->	6	Paid Median Price	5
Yield if held 30 years													0.00%	0.00%	0.00%	0.00%						5
																						5
Cost covered if held 5 years	11.00%	15.45%	15.45%	13.53%	15.16%	14.18%	17.49%	22.02%	21.50%	13.89%	10.09%	2.81%	0.00%	0.00%	0.00%	0.00%		14.04%	<-Median->	10	Paid Median Price
Cost covered if held 10 years	37.34%	30.86%	21.21%	18.64%	22.41%	24.47%	33.29%	29.78%	22.75%	22.12%	17.74%	18.36%	22.02%	21.50%	13.89%	10.09%		22.27%	<-Median->	10	Paid Median Price	10
Cost covered if held 15 years	93.39%	95.02%	61.81%	64.34%	69.93%	59.80%	51.87%	32.49%	25.84%	28.19%	27.85%	34.18%	29.78%	22.75%	22.12%	17.74%		33.33%	<-Median->	10	Paid Median Price	10
Cost covered if held 20 years			559.56%	184.46%	83.94%	154.03%	151.00%	90.03%	85.04%	84.38%	66.22%	52.92%	32.49%	25.84%	28.19%	27.85%		84.71%	<-Median->	10	Paid Median Price	10
Cost covered if held 25 years								798.39%	239.52%	99.94%	169.25%	153.80%	90.03%	85.04%	84.38%	66.22%		161.53%	<-Median->	6	Paid Median Price	10
Cost covered if held 30 years													798.39%	239.52%	99.94%	169.25%						10
																						10
I am earning GC					Div Gr	#DIV/0!	02-Jun-20	# yrs ->	6	2020	$0.74	Cap Gain	439.19%								I am earning GC
I am earning Div					org yield	0.00%	31-Dec-26	Pension	Div G Yrly	#NUM!	Div start	$0.00	0.00%	0.00%							I am earning Div
																				Yr	Item	Tot. Growth
Revenue Growth								$936.8	$995.6	$1,577.3	$1,791.8	$1,684.2	$1,638.9	$1,620	<-12 mths	-1.13%		74.94%	<-Total Growth	5	Revenue Growth	74.94%
FFO Growth								$1.30	$1.17	$2.11	$2.51	$2.36	$2.00	$1.96	<-12 mths	-2.00%		53.85%	<-Total Growth	5	FFO Growth	53.85%
Net Income Growth								-$79.3	-$159.5	$8.1	$41.2	-$20.8	-$38.8	-$54	<-12 mths	-38.12%		51.14%	<-Total Growth	5	Net Income Growth	51.14%
Cash Flow Growth								$247.0	$178.6	$320.0	$492.5	$471.8	$330.0	$321	<-12 mths	-2.71%		33.61%	<-Total Growth	5	Cash Flow Growth	33.61%
Dividend Growth								$0.12	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	<-12 mths	#DIV/0!		0.00%	<-Total Growth	5	Dividend Growth	0.00%
Stock Price Growth								$0.91	$1.68	$3.41	$2.17	$2.98	$2.54	$3.99	<-12 mths	57.09%		179.12%	<-Total Growth	5	Stock Price Growth	179.12%
Revenue Growth			$1,391.0	$859.7	$1,000.7	$1,156.4	$1,592.2	$936.8	$995.6	$1,577.3	$1,791.8	$1,684.2	$1,638.9	$1,710	<-this year	4.34%		17.82%	<-Total Growth	10	Revenue Growth	17.82%
FFO Growth			$1.94	$1.11	$0.90	$1.44	$1.48	$1.30	$1.17	$2.11	$2.51	$2.36	$2.00	$1.91	<-this year	-4.50%		3.09%	<-Total Growth	10	FFO Growth	3.09%
Net Income Growth			-$104.0	-$150.5	-$37.6	$58.3	-$162.9	-$79.3	-$159.5	$8.1	$41.2	-$20.8	-$38.8	-$25	<-this year	36.40%		0.00%	<-Total Growth	10	Net Income Growth	0.00%
Cash Flow Growth			$412.2	$165.3	$135.1	$152.1	$269.6	$247.0	$178.6	$320.0	$492.5	$471.8	$330.0	$331	<-this year	0.43%		-19.96%	<-Total Growth	10	Cash Flow Growth	-19.96%
Dividend Growth			$0.48	$0.48	$0.48	$0.48	$0.48	$0.12	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	<-this year	#DIV/0!		0.00%	<-Total Growth	10	Dividend Growth	0.00%
Stock Price Growth			$7.38	$9.38	$6.47	$4.71	$2.85	$0.91	$1.68	$3.41	$2.17	$2.98	$2.54	$3.99	<-this year	57.09%		-65.58%	<-Total Growth	10	Stock Price Growth	-65.58%
Dividends on Shares				$65.28	$65.28	$65.28	$65.28	$16.32	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$277.44	No of Years	10	Total Divs	12/31/15
Paid			$1,003.68	$1,275.68	$879.92	$640.56	$387.60	$123.76	$228.48	$463.76	$295.12	$405.28	$345.44	$542.64	$542.64	$542.64		$345.44	No of Years	10	Worth	$7.38
Total																		$622.88
Dividends on Shares									$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	No of Years	5	Total Divs	12/31/20
Paid								$1,000.09	$1,846.32	$3,747.59	$2,384.83	$3,275.02	$2,791.46	$4,385.01	$4,385.01	$4,385.01		$2,791.46	No of Years	5	Worth	$0.91
Total																		$2,791.46				31-Dec-20
																						31-Dec-25
Graham No. FFO	$28.65	$31.13	$24.45	$17.26	$14.77	$18.74	$17.31	$15.71	$13.92	$18.26	$20.07	$19.91	$17.74	$17.35	$0.00	$0.00		-27.44%	<-Total Growth	10	Graham Price FFO	8.61%
Price/GP Ratio Med	0.59	0.44	0.38	0.42	0.53	0.32	0.25	0.11	0.13	0.18	0.15	0.13	0.15	0.21				0.16	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	0.63	0.57	0.51	0.56	0.65	0.41	0.36	0.20	0.18	0.27	0.20	0.16	0.19	0.27				0.23	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.54	0.31	0.25	0.28	0.40	0.23	0.13	0.01	0.07	0.09	0.09	0.10	0.10	0.15				0.10	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	0.58	0.33	0.30	0.54	0.44	0.25	0.16	0.06	0.12	0.19	0.11	0.15	0.14	0.23	#DIV/0!	#DIV/0!		0.16	<-Median->	10	Price/GP Ratio
Prem/Disc Close	-74.72%	-74.72%	-74.72%	-74.72%	-74.72%	-74.72%	-74.72%	-74.72%	-74.72%	-74.72%	-74.72%	-74.72%	-85.69%	-77.00%	#DIV/0!	#DIV/0!		-74.72%	<-Median->	10	Graham Price
EPS used	------->	$0.01	$1.76	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01			$0.01								EPS used
GP Based on EPS 3 yrs trailing	$18.62	$19.17	$16.72	$7.45	$11.98	$12.02	$1.42	$1.38	$1.29	$1.26	$1.94	$3.89	$2.90								GP Based EPS 3 yrs trailing
Graham No.	$15.58	$11.78	$11.91	$11.11	$10.56	$9.50	$8.65	$1.38	$1.29	$2.81	$5.94	$6.08	$3.76	$3.77	$3.77	$7.94		-68.39%	<-Total Growth	10	Graham Price
Price/GP Ratio Med	1.08	1.16	0.78	0.65	0.74	0.63	0.49	1.20	1.36	1.17	0.49	0.43	0.69	0.98				0.67	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.16	1.50	1.04	0.87	0.91	0.81	0.73	2.23	1.93	1.73	0.68	0.52	0.91	1.26				0.89	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	1.00	0.82	0.51	0.44	0.57	0.45	0.26	0.17	0.78	0.62	0.30	0.34	0.48	0.69				0.44	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	1.07	0.87	0.62	0.84	0.61	0.50	0.33	0.66	1.31	1.21	0.37	0.49	0.67	1.06	1.06	0.50		0.64	<-Median->	10	Price/GP Ratio
Prem/Disc Close	7.37%	-13.44%	-38.02%	-15.59%	-38.74%	-50.42%	-67.06%	-33.94%	30.52%	21.30%	-63.49%	-50.97%	-32.52%	5.94%	5.94%	-49.75%		-36.34%	<-Median->	10	Graham Price
Pre-split '01
Pre-split '06
Price Close	$16.73	$10.20	$7.38	$9.38	$6.47	$4.71	$2.85	$0.91	$1.68	$3.41	$2.17	$2.98	$2.54	$3.99	$3.99	$3.99		-65.58%	<-Total Growth	10	Stock Price
Increase	8.85%	-39.03%	-27.65%	27.10%	-31.02%	-27.20%	-39.49%	-68.07%	84.62%	102.98%	-36.36%	37.33%	-14.77%	57.09%	0.00%	0.00%		3.66	<-Median->	10	CAPE (10 Yr P/E)
P/E	19.92	22.17	-10.85	-9.57	-26.96	12.73	-2.79	-1.86	-1.71	68.20	9.86	-27.09	-12.10	-29.56	44.33	9.98		22.79%	<-IRR #YR->	5	Stock Price	179.12%
Trailing P/E	11.78	12.14	16.04	-13.79	-6.60	-19.63	7.70	-0.89	-3.43	-3.48	43.40	13.55	-23.09	-19.00	-29.56	44.33		-10.12%	<-IRR #YR->	10	Stock Price	-65.58%
CAPE (10 Yr P/E)	12.80	12.93	13.58	18.18	22.73	27.81	44.41	84.35	-58.22	-23.87	-14.94	-10.87	-10.94	-12.46	-13.20	-13.05		22.79%	<-IRR #YR->	5	Price & Dividend	192.31%
Median 10, 5 Yrs		D.  per yr	3.68%	0.00%	% Tot Ret	-57.24%	0.00%		Price Inc	37.33%	P/E:	-2.33	-1.71					-6.43%	<-IRR #YR->	10	Price & Dividend	-31.44%
Price 15		D.  per yr	3.50%		% Tot Ret	-45.60%						CAPE Diff	-440.64%					-11.18%	<-IRR #YR->	15	Stock Price	-83.10%
Price  20		D.  per yr	3.12%		% Tot Ret	-42.13%												-10.52%	<-IRR #YR->	20	Stock Price	-89.17%
Price  25		D.  per yr	4.90%		% Tot Ret	-3539.96%												-5.04%	<-IRR #YR->	25	Stock Price	-72.54%
Price  30		D.  per yr	10.72%		% Tot Ret	80.28%												2.63%	<-IRR #YR->	30	Stock Price
Price  35		D.  per yr	17.01%		% Tot Ret	67.09%												8.34%	<-IRR #YR->	34	Stock Price
Price & Dividend 15																		-7.68%	<-IRR #YR->	15	Price & Dividend	-52.51%
Price & Dividend 20																		-7.40%	<-IRR #YR->	20	Price & Dividend	-63.41%
Price & Dividend 25																		-0.14%	<-IRR #YR->	25	Price & Dividend	-1.25%
Price & Dividend 30																		13.35%	<-IRR #YR->	30	Price & Dividend
Price & Dividend 35																		25.35%	<-IRR #YR->	34	Price & Dividend
Price  5								-$0.91	$0.00	$0.00	$0.00	$0.00	$2.54								Price  5
Price 10			-$7.38	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.54								Price 10
Price & Dividend 5								-$0.91	$0.00	$0.00	$0.00	$0.00	$2.54								Price & Dividend 5
Price & Dividend 10			-$7.38	$0.48	$0.48	$0.48	$0.48	$0.12	$0.00	$0.00	$0.00	$0.00	$2.54								Price & Dividend 10
Price 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.54								Price 15
Price  20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.54								Price  20
Price  25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.54								Price  25
Price  30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.54								Price  30
Price  35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.54								Price  35
Price & Dividend 15	$0.44	$0.47	$0.48	$0.48	$0.48	$0.48	$0.48	$0.12	$0.00	$0.00	$0.00	$0.00	$2.54								Price & Dividend 15
Price & Dividend 20	$0.44	$0.47	$0.48	$0.48	$0.48	$0.48	$0.48	$0.12	$0.00	$0.00	$0.00	$0.00	$2.54								Price & Dividend 20
Price & Dividend 25	$0.44	$0.47	$0.48	$0.48	$0.48	$0.48	$0.48	$0.12	$0.00	$0.00	$0.00	$0.00	$2.54								Price & Dividend 25
Price & Dividend 30	$0.44	$0.47	$0.48	$0.48	$0.48	$0.48	$0.48	$0.12	$0.00	$0.00	$0.00	$0.00	$2.54								Price & Dividend 30
Price & Dividend 35	$0.44	$0.47	$0.48	$0.48	$0.48	$0.48	$0.48	$0.12	$0.00	$0.00	$0.00	$0.00	$2.54								Price & Dividend 35
Price Med H/L	$16.85	$13.73	$9.27	$7.26	$7.78	$5.95	$4.28	$1.65	$1.75	$3.29	$2.94	$2.62	$2.61	$3.68				-71.83%	<-Total Growth	10	Stock Price
Increase	8.67%	-18.55%	-32.50%	-21.69%	7.17%	-23.54%	-28.09%	-61.40%	5.76%	88.54%	-10.79%	-10.90%	-0.19%	40.80%				-11.90%	<-IRR #YR->	10	Stock Price	-71.83%
P/E	20.06	29.84	-13.63	-7.40	-32.40	16.07	-4.19	-3.37	-1.78	65.80	13.34	-23.77	-12.43	-27.22				9.61%	<-IRR #YR->	5	Stock Price	58.18%
Trailing P/E	11.87	16.34	20.14	-10.67	-7.93	-24.77	11.55	-1.62	-3.56	-3.36	58.70	11.89	-23.73	-17.50				-8.91%	<-IRR #YR->	10	Price & Dividend
P/E on Running 5 yr Average	16.02	14.01	13.51	34.22	-64.79	-27.78	-8.38	-3.50	-3.70	-7.95	-6.61	-9.98	-12.67	-99.32				9.61%	<-IRR #YR->	5	Price & Dividend
P/E on Running 10 yr Average	13.37	11.17	8.81	9.86	14.14	14.19	18.19	15.42	-13.42	-12.32	-8.92	-6.77	-7.70	-14.44				12.18	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	2.99%	0.00%	% Tot Ret	-33.56%	0.00%	T P/E	-3.46	-3.36	P/E:	-3.78	-1.78						Count	30	Years of data
			-$9.27	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.61
								-$1.65	$0.00	$0.00	$0.00	$0.00	$2.61
			-$9.27	$0.48	$0.48	$0.48	$0.48	$0.12	$0.00	$0.00	$0.00	$0.00	$2.61
								-$1.65	$0.00	$0.00	$0.00	$0.00	$2.61
High Months	Jul	Mar	Jun	Dec	Jan	Jan	Apr	Jan	Jun	May	Jan	Nov	Jan	May
Pre-split '01
Pre-split '06
Price High	$18.12	$17.73	$12.40	$9.67	$9.58	$7.65	$6.29	$3.07	$2.48	$4.85	$4.06	$3.16	$3.43	$4.74				-72.34%	<-Total Growth	10	Stock Price
Increase	1.46%	-2.15%	-30.06%	-22.02%	-0.93%	-20.15%	-17.78%	-51.19%	-19.22%	95.56%	-16.29%	-22.17%	8.54%	38.19%				-12.06%	<-IRR #YR->	10	Stock Price	-72.34%
P/E	21.57	38.54	-18.24	-9.87	-39.92	20.68	-6.17	-6.27	-2.53	97.00	18.45	-28.73	-16.33	-35.11				2.24%	<-IRR #YR->	5	Stock Price	11.73%
Trailing P/E	12.76	21.11	26.96	-14.22	-9.78	-31.88	17.00	-3.01	-5.06	-4.95	81.20	14.36	-31.18	-22.57				16.24	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	-5.01	-4.95	P/E:	-6.22	-2.53					21.73	P/E Ratio		Historical High
			-$12.40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.43
								-$3.07	$0.00	$0.00	$0.00	$0.00	$3.43
Low Months	May	Dec	Dec	Feb	Dec	Dec	Nov	Mar	May	Jan	Jun	Jan	Apr	Jan
Pre-split '01
Pre-split '06
Price Low	$15.58	$9.72	$6.13	$4.84	$5.97	$4.24	$2.26	$0.23	$1.01	$1.73	$1.81	$2.07	$1.79	$2.61				-70.80%	<-Total Growth	10	Stock Price
Increase	18.48%	-37.61%	-36.93%	-21.04%	23.35%	-28.98%	-46.70%	-89.82%	339.13%	71.29%	4.62%	14.36%	-13.53%	45.81%				-11.58%	<-IRR #YR->	10	Stock Price	-70.80%
P/E	18.55	21.13	-9.01	-4.94	-24.88	11.46	-2.22	-0.47	-1.03	34.60	8.23	-18.82	-8.52	-19.33				50.74%	<-IRR #YR->	5	Stock Price	678.26%
Trailing P/E	10.97	11.57	13.33	-7.12	-6.09	-17.67	6.11	-0.23	-2.06	-1.77	36.20	9.41	-16.27	-12.43				8.23	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	-1.91	-1.77	P/E:	-1.62	-1.03					-1.74	P/E Ratio		Historical Low
			-$6.13	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.79
								-$0.23	$0.00	$0.00	$0.00	$0.00	$1.79
Free Cash Flow Mlt Screener							$101.00	$196.70	$7.52	$145.60	$289.00	$257.50	$135.6	$115.2	$159.0	$226.0					Free Cash Flow Mlt Screener
Change								94.75%	-96.18%	1837.46%	98.49%	-10.90%	-47.34%	-15.04%	38.02%	42.14%					Change
														$30	<-12 mths	-48.08%
Free Cash Flow WSJ			$243.96	$121.94	$11.38	$72.09	$128.50	$88.78	-$104.29	$27.46	$184.46	$194.09	$57.61					-76.38%	<-Total Growth	10	Free Cash Flow WSJ
Change				-50.02%	-90.67%	533.47%	78.25%	-30.91%	-217.47%	126.33%	571.75%	5.22%	-70.32%					-12.85%	<-Median->	10	Change
														$129	<-12 mths	31.99%
Free Cash Flow MS old			$243.96	$121.94	$11.38	$72.09	$133.57	$196.73	-$4.54	$145.57	$316.68
Change				-50.02%	-90.67%	533.48%	85.28%	47.29%	-102.31%	3306.39%	117.54%
Free Cash Flow MS	$110.41	-$79.43	$127.99	$127.26	$17.68	$145.90	$100.98	$52.07	-$92.24	$79.45	$156.82	$158.47	$97.74	$115.2	$159.0	$226.0		-23.63%	<-Total Growth	10	Free Cash Flow MS
Change				-0.57%	-86.11%	725.23%	-30.79%	-48.44%	-277.15%	186.13%	97.38%	1.05%	-38.32%	17.86%	38.02%	42.14%		13.42%	<-IRR #YR->	5	Free Cash Flow MS	87.71%
FCF/CF from Op Ratio			0.29	0.32	0.05	0.55	0.45	0.27	-0.47	0.34	0.52	0.46	0.27	0.30	0.40	0.57		-2.66%	<-IRR #YR->	10	Free Cash Flow MS	-23.63%
Dividends paid	$68.41	$72.42	$73.47	$66.44	$52.58	$75.40	$53.08	$19.57	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		-100.00%	<-Total Growth	10	Dividends paid
Percentage paid	61.96%	-91.18%	57.40%	52.21%	297.38%	51.68%	52.56%	37.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		$0.19	<-Median->	10	Percentage paid
5 Year Coverage	75.77%	129.48%	92.82%	68.24%	109.68%	100.27%	61.75%	60.16%	89.41%	51.74%	24.45%	5.52%	0.00%	0.00%	0.00%	0.00%					5 Year Coverage
Dividend Coverage Ratio	1.61	-1.10	1.74	1.92	0.34	1.94	1.90	2.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00		0.17	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage	1.32	0.77	1.08	1.47	0.91	1.00	1.62	1.66	1.12	1.93	4.09	18.11	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!					5 Year of Coverage
								-$52	$0	$0	$0	$0	$98
			-$128	$0	$0	$0	$0	$0	$0	$0	$0	$0	$98
Market Cap	$2,556	$1,555	$1,124	$1,441	$1,014	$739	$464	$147	$272	$626	$398	$547	$466	$735	$735	$735		-58.54%	<-Total Growth	10	Market Cap
Diluted # of Shares in Million	153.620	153.158	152.477	153.184	156.728	157.042	159.686	161.927	163.195	176.430	184.510	184.624	184.627	184.524	184.524	184.524		21.09%	<-Total Growth	10	Diluted	Shareholders' Capital
Change		-0.30%	-0.45%	0.46%	2.31%	0.20%	1.68%	1.40%	0.78%	8.11%	4.58%	0.06%	0.00%	-0.06%	0.00%	0.00%		1.09%	<-Median->	10	Change
Difference Diluted/Basic	-0.6%	-0.3%	0.0%	-0.3%	-0.1%	-0.1%	-0.1%	-0.2%	-0.4%	-0.5%	-0.4%	-0.4%	-0.2%	-0.3%	-0.3%	-0.3%		-0.25%	<-Median->	10	Difference Diluted/Basic
Average # of Sh in Million	152.693	152.711	152.477	152.760	156.546	156.863	159.599	161.667	162.541	175.578	183.794	183.969	184.20	184.05	184.05	184.05		20.81%	<-Total Growth	10	Basic
Increase	0.02%	0.01%	-0.15%	0.19%	2.48%	0.20%	1.74%	1.30%	0.54%	8.02%	4.68%	0.10%	0.13%	-0.08%	0.00%	0.00%		0.92%	<-Median->	10	Change
Difference Basic/Outstanding	0.1%	-0.2%	-0.1%	0.5%	0.1%	0.0%	1.9%	0.1%	-0.4%	4.5%	-0.2%	-0.3%	-0.4%	0.1%	0.1%	0.1%		0.05%	<-Median->	10	Difference
														$321	<-12 mths	-2.71%
Pre-split '01
Pre-split '06
# of Share in Millions	152.77	152.43	152.30	153.59	156.75	156.86	162.67	161.83	161.97	183.46	183.43	183.49	183.48	184.31	184.31	184.31		1.88%	<-IRR #YR->	10	Shares	20.47%
Change	0.12%	-0.22%	-0.09%	0.85%	2.06%	0.07%	3.70%	-0.51%	0.08%	13.27%	-0.02%	0.03%	-0.01%	0.46%	0.00%	0.00%		2.54%	<-IRR #YR->	5	Shares	13.37%
Cash Flow from Operations $M	$452.6	$452.6	$412.2	$165.3	$135.1	$152.1	$269.6	$247.0	$178.6	$320.0	$492.5	$471.8	$330.0	$331.4	$375.3	$466.3		-19.96%	<-Total Growth	10	Cash Flow
Increase	-13.87%	0.00%	-8.92%	-59.89%	-18.26%	12.57%	77.19%	-8.38%	-27.67%	79.11%	53.93%	-4.21%	-30.06%	0.43%	13.24%	24.26%		SO	Buy Backs
5 year Running Average	$380.8	$414.1	$442.7	$401.7	$323.6	$263.5	$226.9	$193.8	$196.5	$233.5	$301.5	$342.0	$358.6	$389.1	$400.2	$394.9		-19.00%	<-Total Growth	10	CF 5 Yr Running
CFPS	$2.96	$2.97	$2.71	$1.08	$0.86	$0.97	$1.66	$1.53	$1.10	$1.74	$2.69	$2.57	$1.80	$1.80	$2.04	$2.53		-33.56%	<-Total Growth	10	Cash Flow per Share
Increase	-13.98%	0.22%	-8.85%	-60.23%	-19.91%	12.49%	70.87%	-7.91%	-27.73%	58.13%	53.96%	-4.24%	-30.05%	-0.03%	13.24%	24.26%		-2.20%	<-IRR #YR->	10	Cash Flow	-19.96%
5 year Running Average	$2.49	$2.71	$2.90	$2.63	$2.12	$1.72	$1.45	$1.22	$1.22	$1.40	$1.74	$1.93	$1.98	$2.12	$2.18	$2.15		5.97%	<-IRR #YR->	5	Cash Flow	33.61%
P/CF on Med Price	5.69	4.62	3.42	6.74	9.02	6.13	2.58	1.08	1.58	1.89	1.09	1.02	1.45	2.04	0.00	0.00		-4.01%	<-IRR #YR->	10	Cash Flow per Share	-33.56%
P/CF on Closing Price	5.65	3.43	2.73	8.71	7.50	4.86	1.72	0.60	1.52	1.96	0.81	1.16	1.41	2.22	1.96	1.58		3.34%	<-IRR #YR->	5	Cash Flow per Share	17.85%
															27.96%	Diff M/C		-3.75%	<-IRR #YR->	10	CFPS 5 yr Running	-31.75%
														$362	<-12 mths	-2.32%
Excl.Working Capital CF	$0.00	-$17.03	-$29.25	-$115.97	$5.32	$6.29	$73.81	-$36.71	$12.05	$51.99	-$27.64	-$35.62	$40.13	$0.00	$0.00	$0.00		10.20%	<-IRR #YR->	5	CFPS 5 yr Running	62.54%
CF fr Op $M WC	$452.6	$435.6	$383.0	$49.4	$140.5	$158.4	$343.4	$210.3	$190.7	$372.0	$464.9	$436.2	$370.1	$331.4	$375.3	$466.3		-3.37%	<-Total Growth	10	Cash Flow less WC
Increase	-9.57%	-3.76%	-12.08%	-87.11%	184.54%	12.79%	116.75%	-38.77%	-9.31%	95.05%	24.98%	-6.17%	-15.15%	-10.46%	13.24%	24.26%		-0.34%	<-IRR #YR->	10	Cash Flow less WC	-3.37%
5 year Running Average	$396.6	$432.3	$449.5	$364.2	$292.2	$233.4	$214.9	$180.4	$208.6	$254.9	$316.2	$334.8	$366.8	$394.9	$395.6	$395.8		11.97%	<-IRR #YR->	5	Cash Flow less WC	76.02%
CFPS Excl. WC	$2.96	$2.86	$2.51	$0.32	$0.90	$1.01	$2.11	$1.30	$1.18	$2.03	$2.53	$2.38	$2.02	$1.80	$2.04	$2.53		-2.01%	<-IRR #YR->	10	CF less WC 5 Yr Run	-18.40%
Increase	-9.68%	-3.55%	-12.00%	-87.22%	178.80%	12.71%	109.01%	-38.45%	-9.38%	72.21%	25.01%	-6.21%	-15.14%	-10.87%	13.24%	24.26%		15.25%	<-IRR #YR->	5	CF less WC 5 Yr Run	103.33%
5 year Running Average	$2.59	$2.83	$2.95	$2.39	$1.91	$1.52	$1.37	$1.13	$1.30	$1.52	$1.83	$1.88	$2.03	$2.15	$2.15	$2.15		-2.18%	<-IRR #YR->	10	CFPS - Less WC	-19.79%
P/CF on Med Price	5.69	4.80	3.68	22.57	8.68	5.89	2.03	1.27	1.48	1.62	1.16	1.10	1.29	2.04	0.00	0.00		9.20%	<-IRR #YR->	5	CFPS - Less WC	55.25%
P/CF on Closing Price	5.65	3.57	2.93	29.19	7.22	4.66	1.35	0.70	1.43	1.68	0.86	1.25	1.26	2.22	1.96	1.58		-3.67%	<-IRR #YR->	10	CFPS 5 yr Running	-31.20%
*Operational Cash Flow per share			CF/-WC	P/CF Med	10 yr	1.73	5 yr	1.45	P/CF Med	10 yr	1.55	5 yr	1.29		42.95%	Diff M/C		12.44%	<-IRR #YR->	5	CFPS 5 yr Running	79.75%
			-152.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	183.5								Shares
								-161.8	0.0	0.0	0.0	0.0	183.5								Shares
			-$412.2	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$330.0								Cash Flow
								-$247.0	$0.0	$0.0	$0.0	$0.0	$330.0								Cash Flow
			-$2.71	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.80								Cash Flow per Share
								-$1.53	$0.00	$0.00	$0.00	$0.00	$1.80								Cash Flow per Share
			-$2.90	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.98								CFPS 5 yr Running
								-$1.22	$0.00	$0.00	$0.00	$0.00	$1.98								CFPS 5 yr Running
			-$383.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$370.1								Cash Flow less WC
								-$210.3	$0.0	$0.0	$0.0	$0.0	$370.1								Cash Flow less WC
			-$449.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$366.8								CF less WC 5 Yr Run
								-$180.4	$0.0	$0.0	$0.0	$0.0	$366.8								CF less WC 5 Yr Run
			-$2.51	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.02								CFPS - Less WC
								-$1.30	$0.00	$0.00	$0.00	$0.00	$2.02								CFPS - Less WC
			-$2.95	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.03								CFPS 5 yr Running
								-$1.13	$0.00	$0.00	$0.00	$0.00	$2.03								CFPS 5 yr Running
Net Change WC (Operations)		$17.03	$29.25	$115.97	-$5.32	-$6.29	-$73.81	$36.709	-$12.053	-$51.994	$27.635	$35.617	-$40.126
Sum		$17.03	$29.25	$115.97	-$5.32	-$6.29	-$73.81	$36.71	-$12.05	-$51.99	$27.64	$35.62	-$40.13
Google -->TD 2017		$17.03	$29.25	$115.97	-$5.32	-$6	-$74	$37	-$12	-$52	$28	$36	-$40
Difference		$0.00	$0.00	$0.00	$0.00	$0	$0	$0	$0	$0	$0	$0	$0
				-$5	-$6	-$74	$33
				2021	2021	2021	2021
Changes in WC WSJ								$36.709	-$12.053	-$51.994	$27.635	$35.617
Diff								$0.000	$0.000	$0.000	$0.000	$0.000
OPM	21.57%	19.50%	29.64%	19.23%	13.51%	13.16%	16.93%	26.36%	17.94%	20.29%	27.49%	28.01%	20.13%	19.38%				-32.06%	<-Total Growth	10	OPM
Increase	-9.80%	-9.64%	52.02%	-35.11%	-29.77%	-2.59%	28.69%	55.72%	-31.94%	13.05%	35.51%	1.91%	-28.12%	-3.75%					Should increase		or be stable.
Diff from Ave	9.6%	-1.0%	50.6%	-2.3%	-31.4%	-33.2%	-14.0%	33.9%	-8.8%	3.1%	39.7%	42.3%	2.3%	-1.5%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	19.68%	5 Yrs	20.29%					should be	zero, it is a		check on calculations
														$382	<-12 mths	-1.93%
														$2.07	<-12 mths	-1.90%
Adjusted EBITDA	$485.7	$537.5	$321.1	$185.2	$201.8	$255.7	$406.8	$241.5	$213.2	$373.6	$490.2	$450.1	$389.8	$397.2	$443.1	$510.0		21.40%	<-Total Growth	10	Adjusted EBITDA
Change	-13.42%	10.66%	-40.26%	-42.33%	8.97%	26.71%	59.09%	-40.62%	-11.74%	75.27%	31.21%	-8.18%	-13.40%	1.90%	11.56%	15.10%		0.39%	<-Median->	10	Change
Margin	23.15%	23.15%	23.08%	21.54%	20.17%	22.11%	25.55%	25.78%	21.41%	23.69%	27.36%	26.73%	23.78%	23.23%	24.29%	24.77%		23.74%	<-Median->	10	Margin
Basic per Share	$3.18	$3.52	$2.11	$1.21	$1.29	$1.63	$2.55	$1.49	$1.31	$2.13	$2.67	$2.45	$2.12	$2.16	$2.41	$2.77		0.47%	<-Total Growth	10	Basic per Share
Diluted per Share	$3.16	$3.51	$2.11	$1.21	$1.29	$1.63	$2.55	$1.49	$1.31	$2.12	$2.65	$2.44	$2.11	$2.15	$2.40	$2.76		0.00%	<-Total Growth	10	Diluted per Share
														$44	<-12 mths	0.00%
EBIT									-$75.01	$92.48	$182.90	$94.29	$44.44	$63.60	$72.40				<-Total Growth	4	EBIT
Change										223.29%	97.77%	-48.45%	-52.87%	43.11%	13.84%			24.66%	<-Median->	4	Change
Margin									-7.53%	5.86%	10.21%	5.60%	2.71%	3.72%	3.97%			5.60%	<-Median->	5	Margin
Long Term Debt + CF or Current Dt									$1,453.88	$1,439.58	$1,210.35	$1,051.61	$934.80	$940.52							Long Term Debt + CF
Change										-0.98%	-15.92%	-13.12%	-11.11%	0.61%							Change
% of Market Cap									5.34	2.30	3.04	1.92	2.01	1.28							% of Market Cap
Long Term Debt	$317.41	$786.33	$794.11	$583.27	$242.68	$1,350.04	$1,581.53	$1,384.61	$1,453.88	$556.89	$1,099.65	$869.68	$934.80	$940.52							Debt	Type
Change	7.02%	147.73%	0.99%	-26.55%	-58.39%	456.31%	17.15%	-12.45%	5.00%	-61.70%	97.46%	-20.91%	7.49%	0.61%				-3.72%	<-Median->	10	Change	Lg Term
% of Market Cap	0.12	0.51	0.71	0.40	0.24	1.83	3.41	9.40	5.34	0.89	2.76	1.59	2.01	1.28				1.92	<-Median->	10	Debt/Market Cap Ratio	Intang/GW
Assets/Current Liabilities Ratio	5.08	9.11	19.11	10.29	4.21	5.80	14.38	18.74	16.04	2.71	8.05	5.94	9.97	9.20				9.01	<-Median->	10	Assets/Current LiabRatio	Liquidity
Debt to Cash Flow (Years)	0.70	1.74	1.93	3.53	1.80	8.87	5.87	5.61	8.14	1.74	2.23	1.84	2.83	2.84				3.18	<-Median->	10	Debt to Cash Flow (Years)	Liq. + CF
																						Debt Ratio
Intangibles	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00				#DIV/0!	<-Total Growth	10	Intangibles	Leverage
Goodwill	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00				#DIV/0!	<-Total Growth	10	Goodwill	D/E Ratio
Total	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00				#DIV/0!	<-Total Growth	10	Total
Change	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!				#DIV/0!	<-Median->	0	Change
% of Market Cap	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00				0.00	<-Median->	10	Intangible/Market Cap Ratio
Current Assets	$595.07	$598.52	$332.56	$301.24	$360.50	$515.39	$368.28	$261.56	$289.86	$470.61	$381.85	$389.04	$354.85	$380.88				6.70%	<-Total Growth	10	Current Assets
Current Liabilities	$666.21	$408.82	$188.32	$312.40	$702.70	$671.61	$241.29	$162.95	$185.64	$1,175.41	$366.07	$489.95	$265.23	$291.59				40.84%	<-Total Growth	10	Current Liabilities
Liquidity	0.89	1.46	1.77	0.96	0.51	0.77	1.53	1.61	1.56	0.40	1.04	0.79	1.34	1.31				1.00	<-Median->	10	Ratio
Liq. with CF aft div	1.43	2.19	2.85	1.21	0.64	0.89	2.00	2.79	2.52	0.67	2.39	1.76	2.58	2.44				2.39	<-Median->	5	Ratio
Liq. CF re  Inv+Div	0.92	1.02	1.64	1.08	0.51	0.57	1.46	2.29	1.30	0.61	1.69	1.39	1.60	2.44				1.39	<-Median->	5	Ratio
Curr Long Term Debt					$487.257	$376.612	$0.000	$0.000	$0.000	$882.686	$110.700	$181.929	$0.000	$0.000
Liquidity Less CLTD					1.67	1.75	1.53	1.61	1.56	1.61	1.50	1.26	1.34	1.31				1.50	<-Median->	5	Ratio
Liq. with CF aft div					1.71	1.80	2.00	2.79	2.52	2.70	3.42	2.79	2.58	2.44				2.70	<-Median->	5	Ratio
Assets	$3,387.7	$3,723.4	$3,598.1	$3,214.4	$2,958.5	$3,894.1	$3,470.6	$3,054.5	$2,977.1	$3,183.9	$2,948.0	$2,910.5	$2,643.0	$2,683.6				-36.14%	<-Total Growth	10	Assets
Liabilities	$1,425.1	$1,678.2	$1,511.5	$1,381.9	$1,269.1	$2,193.4	$2,007.6	$1,689.5	$1,784.4	$1,895.1	$1,639.2	$1,541.0	$1,359.3	$1,392.5				-11.20%	<-Total Growth	10	Liabilities
Debt Ratio	2.38	2.22	2.38	2.33	2.33	1.78	1.73	1.81	1.67	1.68	1.80	1.89	1.94	1.93				1.80	<-Median->	10	Ratio
Debt Ratio of 1.5 and up, best
Estimates BVPS														$7.03	$7.16	$7.58			Estimates		Estimates BVPS
Estimate Book Value														$1,295.2	$1,319.1	$1,397.1			Estimates		Estimate Book Value
P/B Ratio (Close)														0.57	0.56	0.53			Estimates		P/B Ratio (Close)
Difference from 10 year median															29.09%	Diff M/C			Estimates		Difference from 10 yr med.
Book Value	$1,963	$2,045	$2,087	$1,832	$1,689	$1,701	$1,463	$1,365	$1,193	$1,289	$1,309	$1,370	$1,284	$1,291	$1,291	$1,291		-38.48%	<-Total Growth	10	Book Value
Book Value per Share	$12.85	$13.42	$13.70	$11.93	$10.78	$10.84	$8.99	$8.43	$7.36	$7.02	$7.14	$7.46	$7.00	$7.00	$7.00	$7.00		-48.93%	<-Total Growth	10	Book Value per Share
Change	5.50%	4.45%	2.11%	-12.92%	-9.67%	0.60%	-17.04%	-6.22%	-12.70%	-4.60%	1.57%	4.61%	-6.26%	0.11%	0.00%	0.00%		29.50%	Current/10 Yr Med		Book Value per Share
P/B Ratio (Median)	1.31	1.02	0.68	0.61	0.72	0.55	0.48	0.20	0.24	0.47	0.41	0.35	0.37	0.52	0.00	0.00		1.39	P/BV Ratio		Historical Median
P/B Ratio (Close)	1.30	0.76	0.54	0.79	0.60	0.43	0.32	0.11	0.23	0.49	0.30	0.40	0.36	0.57	0.57	0.57		-6.50%	<-IRR #YR->	10	Book Value per Share	-48.93%
Change	3.17%	-41.63%	-29.14%	45.95%	-23.64%	-27.64%	-27.06%	-65.95%	111.47%	112.76%	-37.35%	31.28%	-9.07%	56.91%	0.00%	0.00%		-3.67%	<-IRR #YR->	5	Book Value per Share	-17.05%
Leverage (A/BK)	1.73	1.82	1.72	1.75	1.75	2.29	2.37	2.24	2.50	2.47	2.25	2.13	2.06	2.08				2.25	<-Median->	10	A/BV
Debt/Equity Ratio	0.73	0.82	0.72	0.75	0.75	1.29	1.37	1.24	1.50	1.47	1.25	1.13	1.06	1.08				1.25	<-Median->	10	Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities)									P/BV	10 yr Med	0.44	5 yr Med	0.37		29.50%	Diff M/C		1.79	Historical	31	A/BV
			-$13.70	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.00
								-$8.43	$0.00	$0.00	$0.00	$0.00	$7.00
														-$80.54	<-12 mths	5.75%
Comprehensive Income	$169.94	$159.94	$114.30	-$190.21	-$92.31	$136.60	-$71.35	-$88.03	-$171.43	$61.23	$20.41	$61.15	-$85.45					-174.76%	<-Total Growth	10	Comprehensive Income
NCI	$0.00	$0.00	$0.00	$0.00	$0.00	-$1.39	-$0.03	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00								NCI
Comprehensive Income	$169.94	$159.94	$114.30	-$190.21	-$92.31	$138.00	-$71.32	-$88.03	-$171.43	$61.23	$20.41	$61.15	-$85.45					-174.76%	<-Total Growth	10	Comprehensive Income
Increase	-15.24%	-5.89%	-28.53%	-266.41%	51.47%	249.50%	-151.69%	-23.43%	-94.73%	135.72%	-66.66%	199.60%	-239.73%					-66.66%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$146.27	$172.12	$176.10	$90.89	$32.33	$25.94	-$20.31	-$60.77	-$57.02	-$26.31	-$49.83	-$23.33	-$22.82					#NUM!	<-IRR #YR->	10	Comprehensive Income	-174.76%
ROE	8.7%	7.8%	5.5%	-10.4%	-5.5%	8.1%	-4.9%	-6.4%	-14.4%	4.8%	1.6%	4.5%	-6.7%					-0.59%	<-IRR #YR->	5	Comprehensive Income	2.93%
5Yr Median	8.7%	8.7%	8.7%	7.8%	5.5%	5.5%	-4.9%	-5.5%	-5.5%	-4.9%	-4.9%	1.6%	1.6%					#NUM!	<-IRR #YR->	10	5 Yr Running Average	-112.96%
% Difference from NI	31.9%	124.9%	-209.9%	26.4%	145.2%	136.7%	-56.2%	11.0%	7.5%	653.3%	-50.5%	-394.7%	120.5%					-17.79%	<-IRR #YR->	5	5 Yr Running Average	62.46%
Median Values										Diff	5, 10 yr	18.7%	7.5%					1.6%	<-Median->	5	Return on Equity
			-$114	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$85
								$88	$0	$0	$0	$0	-$85
			-$176.1	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$22.8
								$60.8	$0.0	$0.0	$0.0	$0.0	-$22.8
Current Liability Coverage Ratio	0.68	1.07	2.03	0.16	0.20	0.24	1.42	1.29	1.03	0.32	1.27	0.89	1.40	1.14							CFO / Current Liabilities
5 year Median	0.76	0.83	0.96	0.96	0.68	0.24	0.24	0.24	1.03	1.03	1.27	1.03	1.03	1.14				0.96	<-Median->	10	Current Liability Cov Ratio
Asset Efficiency Ratio	13.36%	11.70%	10.64%	1.54%	4.75%	4.07%	9.89%	6.88%	6.41%	11.68%	15.77%	14.99%	14.00%	12.35%							CFO / Total Assets
5 year Median	13.36%	13.36%	13.36%	11.70%	10.64%	4.75%	4.75%	4.75%	6.41%	6.88%	9.89%	11.68%	14.00%	14.00%				8.4%	<-Median->	10	Return on Assets
Return on Assets ROA	3.80%	1.91%	-2.89%	-4.68%	-1.27%	1.50%	-4.69%	-2.60%	-5.36%	0.26%	1.40%	-0.71%	-1.47%	-0.92%				Net	Income/Assets		Return on Assets
5Yr Median	5.89%	5.41%	3.80%	1.91%	-1.27%	-1.27%	-2.89%	-2.60%	-2.60%	-2.60%	-2.60%	-0.71%	-0.71%	-0.71%				-1.4%	<-Median->	10	Asset Efficiency Ratio
Return on Equity ROE	6.57%	3.48%	-4.99%	-8.21%	-2.23%	3.43%	-11.13%	-5.81%	-13.37%	0.63%	3.15%	-1.52%	-3.02%	-1.91%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	8.19%	7.73%	6.57%	3.48%	-2.23%	-2.23%	-4.99%	-5.81%	-5.81%	-5.81%	-5.81%	-1.52%	-1.52%	-1.52%				-2.6%	<-Median->	10	Return on Equity
														-$53.54	<-12 mths	-38.12%
Net Income	$128.87	$71.12	-$104.05	-$150.52	-$37.64	$58.66	-$163.45	-$79.54	-$159.46	$8.49	$41.70	-$20.27	-$38.27					63.22%	<-Total Growth	10	Net Income
NCI	$0.00	$0.00	$0.00	$0.00	$0.00	$0.36	-$0.55	-$0.21	$0.02	$0.36	$0.46	$0.49	$0.49								NCI
Shareholders	$128.87	$71.12	-$104.05	-$150.52	-$37.64	$58.30	-$162.91	-$79.33	-$159.48	$8.13	$41.24	-$20.75	-$38.76	-$24.65	$16.82	$75.00		62.75%	<-Total Growth	10	Shareholders
Increase	-40.76%	-44.81%	-246.30%	-44.66%	74.99%	254.88%	-379.42%	51.30%	-101.03%	105.10%	407.33%	-150.33%	-86.76%	36%	168%	346%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$161.1	$150.3	$105.2	$32.6	-$18.4	-$32.6	-$79.4	-$74.4	-$76.2	-$67.1	-$70.5	-$42.0	-$33.9	-$7.0	-$5.2	$1.5		-9.40%	<-IRR #YR->	10	Net Income	62.75%
Operating Cash Flow	$452.64	$452.64	$412.24	$165.34	$135.15	$152.13	$269.57	$246.97	$178.64	$319.96	$492.52	$471.79	$329.98					-13.35%	<-IRR #YR->	5	Net Income	51.14%
Investment Cash Flow	-$400.79	-$550.92	-$220.07	-$52.75	-$120.38	-$375.97	-$142.08	-$50.24	-$174.59	-$121.46	-$152.63	-$130.79	-$162.87					#NUM!	<-IRR #YR->	10	5 Yr Running Ave.	-132.26%
Total Accruals	$77.02	$169.40	-$296.22	-$263.11	-$52.41	$282.14	-$290.39	-$276.06	-$163.53	-$190.38	-$298.65	-$361.76	-$205.86					-14.54%	<-IRR #YR->	5	5 Yr Running Ave.	54.41%
Total Assets	$3,387.7	$3,723.4	$3,598.1	$3,214.4	$2,958.5	$3,894.1	$3,470.6	$3,054.5	$2,977.1	$3,183.9	$2,948.0	$2,910.5	$2,643.0						Balance Sheet		Assets
Accruals Ratio	2.27%	4.55%	-8.23%	-8.19%	-1.77%	7.25%	-8.37%	-9.04%	-5.49%	-5.98%	-10.13%	-12.43%	-7.79%					-7.79%	<-Median->	5	Ratio
EPS/CF Ratio	0.28	0.16	-0.27	-3.05	-0.27	0.37	-0.48	-0.38	-0.83	0.02	0.09	-0.05	-0.10					-0.19	<-Median->	10	EPS/CF Ratio
			$104	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$39
								$79	$0	$0	$0	$0	-$39
			-$105	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$34
								$74	$0	$0	$0	$0	-$34
Change in Close	8.85%	-39.03%	-27.65%	27.10%	-31.02%	-27.20%	-39.49%	-68.07%	84.62%	102.98%	-36.36%	37.33%	-14.77%	57.09%	0.00%	0.00%			Count	32	Years of data
up/down				up	up		down	up	up	up	up	up	up	up					Count	22	68.75%
Meet Prediction?				Yes			Yes		Yes	Yes		Yes						% right	Count	11	50.00%
Financial Cash Flow	$5.09	$1.56	-$201.45	-$119.36	-$11.97	$280.66	-$182.89	-$180.71	-$35.03	-$162.05	-$366.28	-$334.67	-$178.30						C F Statement		Financial Cash Flow
Total Accruals	$71.93	$167.84	-$94.77	-$143.75	-$40.44	$1.48	-$107.50	-$95.35	-$128.50	-$28.33	$67.63	-$27.09	-$27.57								Accruals
Accruals Ratio	2.12%	4.51%	-2.63%	-4.47%	-1.37%	0.04%	-3.10%	-3.12%	-4.32%	-0.89%	2.29%	-0.93%	-1.04%					-0.93%	<-Median->	5	Ratio
Cash	$78.86	$54.00	$40.39	$29.84	$32.37	$84.78	$28.41	$44.20	$13.31	$49.88	$20.50	$28.11	$16.19	$17.94							Cash
Cash per Share	$0.52	$0.35	$0.27	$0.19	$0.21	$0.54	$0.17	$0.27	$0.08	$0.27	$0.11	$0.15	$0.09	$0.10				$0.11	<-Median->	5	Cash per Share
Percentage of Stock Price	3.09%	3.47%	3.59%	2.07%	3.19%	11.48%	6.13%	30.01%	4.89%	7.97%	5.15%	5.14%	3.47%	2.44%				5.14%	<-Median->	5	% of Stock Price
Notes:
June 11, 2026.  Last estimates were for 2025, 2026, 2027 of $1667M, $1629M, $1762M Revenue, $1.78, $1.91 2025/6 FFFO, $0.02, $0.03, $0.24 EPS,
$143.2M, $159M, $181M FCF, $1.74, $1.77, $1.86 CFPS, $403.2M, $39.2M, $410.4M EBITDA, $7.48, $7.47 2025/6 BVPS, $4.1M, $5.83M, $44M Net Income.
May 31, 2025.  Last estimates were for 2024, 2025, 2025 of $1678M, $1778M, $1942M Revenue, $2.08, $2.23 2024/5 FFO, $0.08, $0.38, $0.74 EPS,
$188M, $250M, $268M FCF, $1.83, $2.00, $2.38 CFPS, $446.5M, $472.4M, $538.3M EBITDA, $7.27, $7.52 2024/5 BVPS, $15.33M, $68.93M, $136.6M Net Income.
June 2, 2024.  Last estimates were for 2023, 2024 and 2024 of 1898M, $1997M, $2235M Revenue, $2.27, $2.33 2023/4 FFO, $0.30, $0.55, $0.72 EPS,
$178M, $251M, $271M FCF, $2.01, $2.22 and $2.40 $7.26, $7.83 2023/4 BVPS, $54.5M, $102M $133M for Net Income.
June 3, 2023,  Last estimates were for 2022, 2023 and 2024 of $1428M, $1644M and $2002M for Revenue, -$0.17, $0.00, $0.38 for EPS, $107M, $199M and $228M for FCF,
$1.20, $1.59 and $1.97 for CFPS, $6.31 and $6.09 2022/3 for BVPS, -$25.4M, $0.02M and $70.5M for Net Income.
September 18, 2022.  This company made the list of 7 FT International list of  Debt Monsters that have Bond Markets freting.
June 1, 2022.  Last estimates were for 2021, 2022 and 2023 of $943M, $1163M and $1316M for Revenue, -$0.93, -$0.66 and -$0.07 for EPS,
$56M, $97.3M and $151M for FCF, $0.67, $1.03 and $1.46 for CFPS and$151M, -$93.8M and$12.2M for Net Income
May 30, 2021.  Last estimates were for 2020, 2021 and 2022 of $1022M, $956M and $1296M for Revenue, -$1.40. -$1.24, and -$0.45 for EPS,
$72.7M, $55.6M and $133M for FCF, $0.65, $0.53, $1.13 for CFPS, $-$224M, -$201M and -$73M for Net Income.
May 28, 2020.  Last estimates were for 2019 and 2020 of $1757M and $1949M for Revenue, -$0.68 and -$0.41 for EPS, $0.48 and $0.48 for Dividends,
$1.80 and $2.08 for CFPS and $-90.9M and -$26.1M for Net Income.
May 30, 2019.  Last estimates were for 2018, 2019 and 2020 of $1080M, $1222M and $1302M for Revemue, -$0.80, -$0.52 and -$0.50 for EPS,
$1.20, $1.38 and $1.68 for CFPS and -$316M, -$90M and -$79M for Net Income.
May 26, 2018.  Last estimates were for 2017, 2018 and 2019 of $1032M, $1236M and $1442M for Revenue, -$0.73, -$0.40 and $0.20 for EPS,
$1.43, $1.58 and $1.84 for CFPS and -$105M, -$51.6 and $31 for Net Income
May 20, 2017.  Last estimates were for 2016, 2017 and 2018 of $894M, $1051M and $1413M for Revenue, -$0.88, -$0.77 and -$0.20 for EPS,
$1.39 and $1.49 for CFPS for 2016 and 2017 and -$133M, -$115M and -$31M for Net Income.
May 27, 2016.  Last estimates were for 2015, 2016 and 2017 of $1603M, $1856M and $2175M for Revenue, $0.19, $0.41 and $0.81 for EPS,
$2.04 and $2.21 for CFPS for 2015 and 2016 and $21.7M, $56.9M and 126M for net income.
June 14, 2015.  Last estimates were for 2014 and 2015 of $2334.7 and $2520.2M for revenue, $0.92 and $0.88 and $0.95 for 2014, 2015 and 2016 for EPS, $3.14,
$2.95 and $3.25 for CFPS for 2014, 2015 and 2016 and $142M, $134M and $146M for 2014, 2015 and 2016 for Net Income.
I sold this stock today to buy Mullen Group Ltd. (TSX-MTL).  I realize I will take a loss, but I will also be buying Mullen at a good price.
May 5, 2014.  Last estimates were for 2013, 2014 and 2014 of $2067M, $2262M and $2531M Revenue, $1.12, $1.39 and $1.70 EPS, $2.77, 3.15 and 3.31 for CFPS
May 24, 2013.  Last estimates were for 2012 and 2013 of $2266M and $2385M for Revenue, $1.66 and $1.72 (anmd $2.06) for EPS and $3.36 for CFPS for 2012.
May 27, 2012.  Last estimates were for 2011 and 2012 of $1815M and $2233M for Revenue, $1.39 and $1.79 for EPS and $2.89 and $3.36 for CF
October 10, 2011.  Last estimates that I got for 2010 and 2011 were $.74 and $1.10 for EPS and $1.78 and $2.30 for CF
Oct 11, 2010.  Last time I looked at this stock I got 2009 and 2010 estimates of $1.10 and $1.10 for earnings $1.59 and $2.00 for CF.
May 15, 2009 reviewed spreadsheet estimates for blog.
May 7, 2009 started spreadsheet.  They have paid dividends since Sep 1995.
They have been increasing their dividends since 1996
Sector:
Services, Industrial
What should this stock accomplish?
This is a peripheral play on the oil and gas sector.
Would I buy this company and Why.
Why I bought this stock.
I bought this stock in June 2012.  Stock is a good one and was rather cheap in June of 2012.  I had been following this stock for some time.
I sold this stock in December 2014 to buy Mullen instead.  Details of why is in a December 2014 post.  I know I would be selling Ensign at a loss, but I also could buy Mullen cheaply.
<a href=" http://spbrunner3.blogspot.ca/2014/12/ensign-and-mullen.html " target="_top"> Ensign and Mullen</a>.
In June 2020, Ensign was selling at $0.74.  It was quite a low, so I bought some.  I again bought more in May 2021 at $.33.
If you consider my adventure in this stock from 2012, I have still made a profit of 6.87% per year.  If you just consider what I bought from 2020, my total return is 180.26% per year.
Dividends
Dividends are paid in Cycle 1, that is in January, April, July and October.  Dividends are declared for Shareholders of one month and payble in the following month.
For example, the dividends declared on November 11, payable to shareholders of record of December 20, 2013 is payable on January 6, 2014.
How they make their money.
Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. Geographically the company
operates in nine countries; Canada, the United States, Argentina, Australia, Bahrain, Kuwait, Oman, United Arab Emirates, and Venezuela.
This stock is on the dividend list I follow of Dividend Aristocrats (see indices).
http://www.tmxmoney.com/en/individual.html
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date	2018	May 30	2019	May 28	2020	May 30	2021	Jun 01	2022	Jun 03	2023	Jun 03	2024	May 31	2025			Jun 11	2026
Geddes, Robert Harold	0.44%	0.728	0.45%	1.044	0.65%	1.237	0.76%	1.383	0.75%	1.405	0.77%	1.849	1.01%	2.014	1.10%			2.116	1.15%			5.03%
CEO - Shares - Amount	$3.220		$2.075		$0.950		$2.078		$4.716		$3.048		$5.509		$6.003				$8.442
Options - percentage	0.75%	0.449	0.28%	1.474	0.91%	1.482	0.92%	2.249	1.23%	2.606	1.42%	1.762	0.96%	2.100	1.14%			2.193	1.19%			4.42%
Options - amount	$5.515		$1.280		$1.341		$2.490		$7.669		$5.655		$5.251		$8.379				$8.750
Reuters Options Value
																		0.000	0.00%			#DIV/0!
Russell, Trevor Dean																			$0.000
CFO - Shares - Amount																		0.000	0.00%			#DIV/0!
Options - percentage																			$0.000
Options - amount
Gray, Michael	0.01%	0.002	0.00%	0.138	0.09%	0.179	0.11%	0.216	0.12%	0.259	0.14%	0.266	0.14%	0.361	0.20%
CFO - Shares - Amount	$0.040		$0.007		$0.126		$0.301		$0.738		$0.562		$0.791		$1.076
Options - percentage	0.12%	0.258	0.16%	0.000	0.00%	0.558	0.34%	0.573	0.31%	0.569	0.31%	0.530	0.29%	0.689	0.38%
Options - amount	$0.850		$0.734		$0.000		$0.937		$1.955		$1.235		$1.580		$2.747
Nuss, Michael												0.127	0.07%	0.127	0.07%						Subsidiary Exe
Officer - Shares - Amount													$0.377		$0.377
Options - percentage												0.706	0.38%	0.551	0.30%
Options - amount													$2.105		$2.197
																		0.011	0.01%			#DIV/0!
Shepherd, Nial																			$0.044
Officer - Shares - Amount																		0.429	0.23%			#DIV/0!
Options - percentage																			$1.710
Options - amount
Reuters Options Value
Culshaw, Eldon John										0.069	0.04%	0.076	0.04%	0.083	0.05%			0.091	0.05%			9.29%
Officer - Shares - Amount											$0.151		$0.226		$0.248				$0.363
Options - percentage										0.306	0.17%	0.470	0.26%	0.591	0.32%			0.627	0.34%			6.18%
Options - amount											$0.664		$1.401		$2.357				$2.503
Reuters Options Value
Conways, Brent John		0.092	0.06%	0.125	0.08%	0.125	0.08%	0.167	0.09%	0.174	0.09%	0.181	0.10%	0.190	0.10%			0.200	0.11%			5.25%
Officer - Shares - Amount			$0.262		$0.114		$0.210		$0.571		$0.377		$0.540		$0.567				$0.800
Options - percentage		0.112	0.07%	0.262	0.16%	0.537	0.33%	0.629	0.34%	0.679	0.37%	0.609	0.33%	0.745	0.41%			0.425	0.23%			-43.04%
Options - amount			$0.318		$0.238		$0.902		$2.144		$1.473		$1.814		$2.974				$1.694
Reuters Options Value
Kautz, Edward	0.15%																				Ceased insider
Officer - Shares - Amount	$1.123
Options - percentage	0.41%
Options - amount	$3.061
Reuters Options Value
Kangas, Leonard										0.079	0.04%	0.079	0.04%	0.079	0.04%			0.079	0.04%			0.00%
Director - Shares - Amount											$0.172		$0.236		$0.236				$0.316
Options - percentage										0.249	0.14%	0.266	0.14%	0.282	0.15%			0.297	0.16%			5.41%
Options - amount											$0.540		$0.792		$1.124				$1.185
Howe, James Brian	0.29%	0.446	0.27%	0.513	0.32%	0.513	0.32%	0.799	0.44%	0.799	0.44%	0.799	0.44%	0.799	0.44%
Director - Shares - Amount	$2.150		$1.272		$0.467		$0.863		$2.725		$1.734		$2.382		$2.382
Options - percentage	0.03%	0.057	0.03%	0.092	0.06%	0.100	0.06%	0.109	0.06%	0.121	0.07%	0.137	0.07%	0.153	0.08%
Options - amount	$0.241		$0.161		$0.084		$0.168		$0.372		$0.262		$0.409		$0.612
Whitham, Barth Edward												3.085	1.68%	3.125	1.70%			3.159	1.71%			1.11%
Director - Shares - Amount													$9.193		$9.311				$12.605
Options - percentage												0.027	0.01%	0.027	0.01%			0.030	0.02%			12.59%
Options - amount													$0.080		$0.107				$0.121
Haslam, Darlene, J.														0.015	0.01%			0.015	0.01%			0.00%
Director - Shares - Amount															$0.060				$0.060
Options - percentage														0.111	0.06%			0.149	0.08%			34.21%
Options - amount															$0.444				$0.596
Edwards, Norman Murray	17.32%	27.757	17.06%	31.582	19.52%	31.632	19.53%	43.061	23.47%	43.061	23.48%	43.061	23.47%	43.061	23.47%			43.061	23.36%			0.00%
Chairman - Shares - Amt	$127.973		$79.108		$28.740		$53.142		$146.837		$93.442		$128.321		$128.321				$171.812
Options - percentage	0.70%	1.142	0.70%	1.261	0.78%	1.696	1.05%	1.769	0.96%	1.726	0.94%	1.477	0.80%	1.572	0.86%			1.565	0.85%			-0.42%
Options - amount	$5.177		$3.255		$1.148		$2.849		$6.032		$3.745		$4.401		$6.271				$6.245
Fairfax Financial Holdings Ltd		15.487	9.52%																		Dated Apr 18, 2018
10% Holder - Shares - Amt			$44.137
Increase in O/S Shares	0.14%	0.108	0.07%	0.003	0.00%	0.832	0.51%	0.136	0.08%	0.347	0.19%	0.053	0.03%	0.328	0.18%			0.189	0.10%		Average	0.12%
due to SO 2013	$1.453		$0.508		$0.009		$0.757		$0.228		$1.183		$0.114		$0.978				$0.754		ESOP & Chges in
Book Value	$2.168		$0.286		$0.019		$0.254		$0.220		$0.131		$0.162		$0.838				$0.189		unvested shares
Insider Buying	-$0.276		-$0.213		-$1.346		-$0.142		-$0.084		-$0.092		-$0.839		-$0.663				-$0.050		Shares issued under Stock Pl
Insider Selling	$0.402		$0.000		$0.016		$0.020		$0.664		$0.266		$0.030		$0.200				$1.089
Net Insider Selling	$0.127		-$0.213		-$1.329		-$0.122		$0.580		$0.175		-$0.809		-$0.463				$1.039
% of Market Cap	0.02%		-0.05%		-0.90%		-0.04%		0.09%		0.04%		-0.15%		-0.10%				0.18%
Directors		9		9		9		10		9		11		8				8
Women	11%	1	11%	1	11%	1	11%	2	20%	2	22%	3	27%	2	25%			2	25%
Minorities	0%	0	0%	0	0%	0	0%	0	0%	0	0%	0	0%	0	0%			0	0%
Institutions/Holdings	51.40%	69	42.50%	20	42.50%	20	22.71%	20	4.25%	20	5.46%	20	5.41%	20	5.02%			20	4.78%
Total Shares Held	51.47%	66.761	41.04%	57.121	35.30%	36.885	22.77%	7.809	4.26%	10.038	5.47%	9.902	5.40%	9.204	5.02%			8.810	4.78%
Increase/Decrease	2.13%	-1.489	-2.18%	0.920	1.64%	-8.401	-18.55%	0.509	6.97%	0.744	8.00%	-0.685	-6.47%	-0.059	-0.64%			0.178	2.06%
Starting No. of Shares		68.250		56.201	Top 20 MS	45.286	Top 20 MS	7.300	Top 20 MS	9.295	Top 20 MS	10.587	Top 20 MS	9.262	Top 20 MS			8.632	Top 20 MS
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