Exhibit 99.2
ChoicePoint Inc.
Operating Results by Quarter
Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Total 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Total 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Total 2004 | ||||||||||||||||||||||||||||||||||||||||||||||
Insurance Services Revenue | $ | 64,140 | $ | 67,031 | $ | 70,495 | $ | 68,616 | $ | 270,282 | $ | 76,134 | $ | 77,922 | $ | 78,100 | $ | 76,968 | $ | 309,124 | $ | 86,727 | $ | 88,129 | $ | 90,880 | $ | 86,632 | $ | 352,368 | ||||||||||||||||||||||||||||||
Screening and Authentication Services Revenue | 29,223 | 33,727 | 32,796 | 32,846 | 128,592 | 34,926 | 40,506 | 43,411 | 43,774 | 162,617 | 46,428 | 53,339 | 56,609 | 56,330 | 212,706 | |||||||||||||||||||||||||||||||||||||||||||||
Financial and Professional Services Revenue | 25,325 | 26,315 | 25,261 | 23,408 | 100,309 | 26,728 | 25,692 | 25,576 | 25,116 | 103,112 | 26,086 | 31,737 | 33,905 | 33,003 | 124,731 | |||||||||||||||||||||||||||||||||||||||||||||
Government Services Revenue | 9,383 | 9,967 | 16,132 | 22,821 | 58,303 | 14,859 | 12,599 | 12,055 | 12,168 | 51,681 | 14,014 | 19,675 | 18,672 | 18,162 | 70,523 | |||||||||||||||||||||||||||||||||||||||||||||
Royalty Revenue | 1,597 | 1,542 | 1,563 | 1,153 | 5,855 | 1,303 | 1,389 | 1,305 | 1,105 | 5,102 | 1,165 | 1,270 | 1,370 | 699 | 4,504 | |||||||||||||||||||||||||||||||||||||||||||||
Core Revenue (b) | $ | 129,668 | $ | 138,582 | $ | 146,247 | $ | 148,844 | $ | 563,341 | $ | 153,950 | $ | 158,108 | $ | 160,447 | $ | 159,131 | $ | 631,636 | $ | 174,420 | $ | 194,150 | $ | 201,436 | $ | 194,826 | $ | 764,832 | ||||||||||||||||||||||||||||||
Revenue from Divested & Discontinued Lines (a) | 72 | — | — | — | 72 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Total Revenue | $ | 129,740 | $ | 138,582 | $ | 146,247 | $ | 148,844 | $ | 563,413 | $ | 153,950 | $ | 158,108 | $ | 160,447 | $ | 159,131 | $ | 631,636 | $ | 174,420 | $ | 194,150 | $ | 201,436 | $ | 194,826 | $ | 764,832 | ||||||||||||||||||||||||||||||
Insurance Services Operating Income | $ | 35,024 | $ | 35,502 | $ | 37,163 | $ | 36,950 | $ | 144,639 | $ | 42,436 | $ | 44,364 | $ | 43,998 | $ | 41,720 | $ | 172,518 | $ | 47,260 | $ | 48,401 | $ | 50,714 | $ | 49,476 | $ | 195,851 | ||||||||||||||||||||||||||||||
Screening and Authentication Services Operating Income | 4,637 | 6,985 | 7,557 | 7,365 | 26,544 | 5,138 | 9,462 | 9,670 | 8,700 | 32,970 | 8,287 | 10,802 | 12,439 | 12,187 | 43,715 | |||||||||||||||||||||||||||||||||||||||||||||
Financial and Professional Services Operating Income | 5,204 | 7,507 | 6,900 | 4,284 | 23,895 | 6,202 | 5,787 | 5,714 | 5,809 | 23,512 | 5,761 | 6,317 | 8,024 | 8,246 | 28,348 | |||||||||||||||||||||||||||||||||||||||||||||
Government Services Operating Income | 1,275 | 1,136 | 3,762 | 6,823 | 12,996 | 3,291 | 2,617 | 2,276 | 2,828 | 11,012 | 3,084 | 6,045 | 4,043 | 4,848 | 18,020 | |||||||||||||||||||||||||||||||||||||||||||||
Royalty Operating Income | 997 | 933 | 932 | 464 | 3,326 | 646 | 626 | 416 | 380 | 2,068 | 204 | 661 | 798 | 399 | 2,062 | |||||||||||||||||||||||||||||||||||||||||||||
Divested & Discontinued Operating Income (a) | (206 | ) | — | — | — | (206 | ) | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Corporate | (11,518 | ) | (16,885 | ) | (16,163 | ) | (15,619 | ) | (60,185 | ) | (13,758 | ) | (16,469 | ) | (14,850 | ) | (12,936 | ) | (58,013 | ) | (15,951 | ) | (18,306 | ) | (17,869 | ) | (17,426 | ) | (69,552 | ) | ||||||||||||||||||||||||||||||
Operating Income before other charges | $ | 35,413 | $ | 35,178 | $ | 40,151 | $ | 40,267 | $ | 151,009 | $ | 43,955 | $ | 46,387 | $ | 47,224 | $ | 46,501 | $ | 184,067 | $ | 48,645 | $ | 53,920 | $ | 58,149 | $ | 57,730 | $ | 218,444 | ||||||||||||||||||||||||||||||
Other charges (c): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accelerated depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Stock option expense | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Other operating charges (d) | — | (7,342 | ) | — | — | (7,342 | ) | — | (19,337 | ) | (1,579 | ) | (2,908 | ) | (23,824 | ) | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Operating Income - Continuing Operations | $ | 35,413 | $ | 27,836 | $ | 40,151 | $ | 40,267 | $ | 143,667 | $ | 43,955 | $ | 27,050 | $ | 45,645 | $ | 43,593 | $ | 160,243 | $ | 48,645 | $ | 53,920 | $ | 58,149 | $ | 57,730 | $ | 218,444 | ||||||||||||||||||||||||||||||
Operating Income -Discontinued Operations | $ | 8,809 | $ | 10,898 | $ | 9,839 | $ | 9,308 | $ | 38,854 | $ | 7,846 | $ | 8,092 | $ | 4,571 | $ | 4,921 | $ | 25,430 | $ | 5,626 | $ | 5,571 | $ | 5,889 | $ | 6,250 | $ | 23,336 | ||||||||||||||||||||||||||||||
Operating Margins - Continuing Operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Insurance Services | 54.6 | % | 53.0 | % | 52.7 | % | 53.9 | % | 53.5 | % | 55.7 | % | 56.9 | % | 56.3 | % | 54.2 | % | 55.8 | % | 54.5 | % | 54.9 | % | 55.8 | % | 57.1 | % | 55.6 | % | ||||||||||||||||||||||||||||||
Screening and Authentication Services | 15.9 | % | 20.7 | % | 23.0 | % | 22.4 | % | 20.6 | % | 14.7 | % | 23.4 | % | 22.3 | % | 19.9 | % | 20.3 | % | 17.8 | % | 20.3 | % | 22.0 | % | 21.6 | % | 20.6 | % | ||||||||||||||||||||||||||||||
Financial and Professional Services | 20.5 | % | 28.5 | % | 27.3 | % | 18.3 | % | 23.8 | % | 23.2 | % | 22.5 | % | 22.3 | % | 23.1 | % | 22.8 | % | 22.1 | % | 19.9 | % | 23.7 | % | 25.0 | % | 22.7 | % | ||||||||||||||||||||||||||||||
Government Services | 13.6 | % | 11.4 | % | 23.3 | % | 29.9 | % | 22.3 | % | 22.1 | % | 20.8 | % | 18.9 | % | 23.2 | % | 21.3 | % | 22.0 | % | 30.7 | % | 21.7 | % | 26.7 | % | 25.6 | % | ||||||||||||||||||||||||||||||
Divested & Discontinued Lines (a) | -286.1 | % | n/a | n/a | n/a | -286.1 | % | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||||||||||||||||||||||||
ChoicePoint excluding other charges as a percentage of total revenue (c) (d) | 27.3 | % | 25.4 | % | 27.5 | % | 27.1 | % | 26.8 | % | 28.6 | % | 29.3 | % | 29.4 | % | 29.2 | % | 29.1 | % | 27.9 | % | 27.8 | % | 28.9 | % | 29.6 | % | 28.6 | % | ||||||||||||||||||||||||||||||
Operating income as a percentage of total revenue - continuing operations (c) | 27.3 | % | 20.1 | % | 27.5 | % | 27.1 | % | 25.5 | % | 28.6 | % | 17.1 | % | 28.4 | % | 27.4 | % | 25.4 | % | 27.9 | % | 27.8 | % | 28.9 | % | 29.6 | % | 28.6 | % | ||||||||||||||||||||||||||||||
Internal Growth Rates (e) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Insurance Services | 17.5 | % | 17.0 | % | 18.5 | % | 18.0 | % | 17.8 | % | 17.2 | % | 15.0 | % | 10.1 | % | 9.5 | % | 12.8 | % | 12.2 | % | 11.4 | % | 14.8 | % | 10.3 | % | 12.2 | % | ||||||||||||||||||||||||||||||
Screening and Authentication Services | -5.3 | % | 1.9 | % | 7.1 | % | 0.4 | % | 1.4 | % | -5.4 | % | -3.2 | % | 4.3 | % | 15.1 | % | 2.9 | % | 22.7 | % | 18.8 | % | 16.5 | % | 21.0 | % | 19.6 | % | ||||||||||||||||||||||||||||||
Financial and Professional Services | -9.3 | % | -0.7 | % | -1.6 | % | -5.3 | % | -4.3 | % | -2.0 | % | -10.6 | % | -5.4 | % | -6.6 | % | -6.2 | % | -2.4 | % | -3.6 | % | -6.9 | % | -8.1 | % | -5.2 | % | ||||||||||||||||||||||||||||||
Government Services | 20.9 | % | 28.0 | % | 76.8 | % | 147.9 | % | 72.1 | % | 58.4 | % | 26.4 | % | -25.3 | % | -46.7 | % | -11.4 | % | -24.5 | % | -5.9 | % | -0.7 | % | 3.0 | % | -8.0 | % | ||||||||||||||||||||||||||||||
Total ChoicePoint | 6.3 | % | 10.0 | % | 15.6 | % | 18.0 | % | 12.6 | % | 10.8 | % | 6.3 | % | 2.0 | % | -0.5 | % | 4.4 | % | 8.3 | % | 9.3 | % | 10.6 | % | 9.5 | % | 9.4 | % | ||||||||||||||||||||||||||||||
Q1 2005 | Q2 2005 | Q3 2005 | Q4 2005 | Total 2005 | Q1 2006 | Q2 2006 | Q3 2006 | |||||||||||||||||||||||||
Insurance Services Revenue | $ | 98,560 | $ | 100,963 | $ | 104,775 | $ | 98,555 | $ | 402,853 | $ | 112,326 | $ | 112,298 | $ | 116,118 | ||||||||||||||||
Screening and Authentication Services Revenue | 55,552 | 61,346 | 63,687 | 61,469 | 242,054 | 61,845 | 64,955 | 66,832 | ||||||||||||||||||||||||
Financial and Professional Services Revenue | 36,333 | 33,486 | 32,248 | 28,503 | 130,570 | 29,381 | 30,021 | 28,623 | ||||||||||||||||||||||||
Government Services Revenue | 31,080 | 29,981 | 35,326 | 32,971 | 129,358 | 31,375 | 32,324 | 35,123 | ||||||||||||||||||||||||
Royalty Revenue | 797 | 526 | 954 | 121 | 2,398 | — | — | — | ||||||||||||||||||||||||
Core Revenue (b) | $ | 222,322 | $ | 226,302 | $ | 236,990 | $ | 221,619 | $ | 907,233 | $ | 234,927 | $ | 239,598 | $ | 246,696 | ||||||||||||||||
Revenue from Divested & Discontinued Lines (a) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Total Revenue | $ | 222,322 | $ | 226,302 | $ | 236,990 | $ | 221,619 | $ | 907,233 | $ | 234,927 | $ | 239,598 | $ | 246,696 | ||||||||||||||||
Insurance Services Operating Income | $ | 54,204 | $ | 55,282 | $ | 57,906 | $ | 54,278 | $ | 221,670 | $ | 60,815 | $ | 60,039 | $ | 60,594 | ||||||||||||||||
Screening and Authentication Services Operating Income | 11,192 | 14,476 | 16,415 | 16,897 | 58,980 | 14,238 | 14,729 | 15,740 | ||||||||||||||||||||||||
Financial and Professional Services Operating Income | 9,863 | 6,223 | 5,074 | 2,651 | 23,811 | 2,169 | 3,355 | 2,432 | ||||||||||||||||||||||||
Government Services Operating Income | 5,363 | 2,208 | 6,487 | 5,268 | 19,326 | 3,834 | 2,851 | 4,859 | ||||||||||||||||||||||||
Royalty Operating Income | 770 | 325 | 506 | 121 | 1,722 | — | — | — | ||||||||||||||||||||||||
Divested & Discontinued Operating Income (a) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Corporate | (19,722 | ) | (18,183 | ) | (20,685 | ) | (17,633 | ) | (76,223 | ) | (16,521 | ) | (16,142 | ) | (17,291 | ) | ||||||||||||||||
Operating Income before other charges | $ | 61,670 | $ | 60,331 | $ | 65,703 | $ | 61,582 | $ | 249,286 | $ | 64,535 | $ | 64,832 | $ | 66,334 | ||||||||||||||||
Other charges (c): | ||||||||||||||||||||||||||||||||
Accelerated depreciation | — | — | — | — | — | (5,463 | ) | — | — | |||||||||||||||||||||||
Stock option expense | — | — | — | — | — | (3,237 | ) | (3,124 | ) | (3,893 | ) | |||||||||||||||||||||
Other operating charges (d) | (5,412 | ) | (6,040 | ) | (4,006 | ) | (13,315 | ) | (28,773 | ) | (5,987 | ) | (2,740 | ) | (46,054 | ) | ||||||||||||||||
Operating Income - Continuing Operations | $ | 56,258 | $ | 54,291 | $ | 61,697 | $ | 48,267 | $ | 220,513 | $ | 49,848 | $ | 58,968 | $ | 16,387 | ||||||||||||||||
Operating Income -Discontinued Operations | $ | 4,831 | $ | 4,562 | $ | 3,279 | $ | 3,959 | $ | 16,631 | $ | 3,207 | $ | 1,513 | $ | (126,520 | ) | |||||||||||||||
Operating Margins - Continuing Operations | ||||||||||||||||||||||||||||||||
Insurance Services | 55.0 | % | 54.8 | % | 55.3 | % | 55.1 | % | 55.0 | % | 54.1 | % | 53.5 | % | 52.2 | % | ||||||||||||||||
Screening and Authentication Services | 20.1 | % | 23.6 | % | 25.8 | % | 27.5 | % | 24.4 | % | 23.0 | % | 22.7 | % | 23.6 | % | ||||||||||||||||
Financial and Professional Services | 27.1 | % | 18.6 | % | 15.7 | % | 9.3 | % | 18.2 | % | 7.4 | % | 11.2 | % | 8.5 | % | ||||||||||||||||
Government Services | 17.3 | % | 7.4 | % | 18.4 | % | 16.0 | % | 14.9 | % | 12.2 | % | 8.8 | % | 13.8 | % | ||||||||||||||||
Divested & Discontinued Lines (a) | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||
ChoicePoint excluding other charges as a percentage of total revenue (c) (d) | 27.7 | % | 26.7 | % | 27.7 | % | 27.8 | % | 27.5 | % | 27.5 | % | 27.1 | % | 26.9 | % | ||||||||||||||||
Operating income as a percentage of total revenue - continuing operations (c) | 25.3 | % | 24.0 | % | 26.0 | % | 21.8 | % | 24.3 | % | 21.2 | % | 24.6 | % | 6.6 | % | ||||||||||||||||
Internal Growth Rates (e) | ||||||||||||||||||||||||||||||||
Insurance Services | 11.8 | % | 12.7 | % | 12.4 | % | 13.1 | % | 12.6 | % | 12.8 | % | 10.1 | % | 8.2 | % | ||||||||||||||||
Screening and Authentication Services | 12.2 | % | 11.5 | % | 12.5 | % | 9.1 | % | 11.3 | % | 11.1 | % | 5.0 | % | 3.8 | % | ||||||||||||||||
Financial and Professional Services | -1.4 | % | -6.0 | % | -4.9 | % | -13.6 | % | -6.8 | % | -19.1 | % | -10.3 | % | -11.2 | % | ||||||||||||||||
Government Services | 0.4 | % | -7.4 | % | 12.5 | % | 3.3 | % | 2.2 | % | -2.4 | % | 7.1 | % | -0.6 | % | ||||||||||||||||
Total ChoicePoint | 8.8 | % | 6.8 | % | 9.3 | % | 6.2 | % | 7.8 | % | 4.6 | % | 5.0 | % | 2.7 | % | ||||||||||||||||
(a) | Divested & Discontinued Lines represents products and lines of businesses that were discontinued or divested, but which do not qualify for discontinued operations accounting. |
(b) | Core revenue represents revenue from continuing business lines and is used by management to assess and manage its on-going businesses and to determine operational incentive awards. |
(c) | Management excludes these charges in its assessments of operating results. |
(d) | Other operating charges include specific expenses related to the fraudulent data access, asset impairment, lease abandonment, merger-related costs, unusual items, realignment charges, gain (loss) on sale of business, and other charges. |
(e) | Internal revenue growth is the revenue growth from comparable business units for the same period in the prior year and excludes revenue from reimbursable expenses, acquisitions, divested and discontinued product lines and discontinued operations. This measure is used by management to analyze the performance of the business segments and as a criteria component for incentive compensation awards. |
ChoicePoint Inc.
Operating Results by Quarter
Q1 2005 | Q2 2005 | Q3 2005 | Year to Date 2005 | Q1 2006 | Q2 2006 | Q3 2006 | Year to Date 2006 | |||||||||||||||||||||||||
Net income | $ | 36,970 | $ | 36,418 | $ | 39,584 | $ | 112,972 | $ | 30,610 | $ | 34,861 | $ | (72,216 | ) | $ | (6,745 | ) | ||||||||||||||
EPS | $ | 0.40 | $ | 0.40 | $ | 0.43 | $ | 1.23 | $ | 0.34 | $ | 0.40 | $ | (0.86 | ) | $ | (0.08 | ) | ||||||||||||||
Less: | ||||||||||||||||||||||||||||||||
Cumulative change in accounting principle, net | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Income (loss) from discontinued operations, net of tax | 2,955 | 2,784 | 1,920 | 7,659 | 1,843 | 673 | (77,928 | ) | (75,412 | ) | ||||||||||||||||||||||
Gain (loss) on sale of discontinued operations, net | — | — | — | — | — | — | (3,088 | ) | (3,088 | ) | ||||||||||||||||||||||
Income from continuing operations | $ | 34,015 | $ | 33,634 | $ | 37,664 | $ | 105,313 | $ | 28,767 | $ | 34,188 | $ | 8,800 | $ | 71,755 | ||||||||||||||||
EPS from continuing operations | $ | 0.37 | $ | 0.37 | $ | 0.41 | $ | 1.14 | $ | 0.32 | $ | 0.39 | $ | 0.11 | $ | 0.83 | ||||||||||||||||
Add back other charges (a): | ||||||||||||||||||||||||||||||||
Accelerated depreciation expense | — | — | — | — | 5,463 | — | — | 5,463 | ||||||||||||||||||||||||
Stock option expense | — | — | — | — | 3,237 | 3,125 | 3,893 | 10,255 | ||||||||||||||||||||||||
Other operating charges (b) | 5,412 | 6,040 | 4,006 | 15,458 | 5,987 | 2,740 | 46,054 | 54,781 | ||||||||||||||||||||||||
Tax provision (benefit) related to other charges | (2,084 | ) | (2,223 | ) | (1,522 | ) | (5,829 | ) | (5,059 | ) | (1,685 | ) | (20,713 | ) | (27,457 | ) | ||||||||||||||||
Income from continuing operations excluding other charges (a)(b) | $ | 37,343 | $ | 37,451 | $ | 40,148 | $ | 114,942 | $ | 38,395 | $ | 38,368 | $ | 38,034 | $ | 114,797 | ||||||||||||||||
EPS from continuing operations excluding other charges (a)(b) | $ | 0.41 | $ | 0.41 | $ | 0.44 | $ | 1.25 | $ | 0.43 | $ | 0.44 | $ | 0.46 | $ | 1.32 | ||||||||||||||||
Wtd Avg Shares | 92,175 | 91,702 | 91,934 | 91,980 | 88,804 | 87,736 | 83,533 | 86,691 |
(a) | The Company has presented this information with and without these items because they represent costs that management excludes in its assessment of operating results of the business. |
(b) | Other operating charges include specific expenses related to the fraudulent data access, lease abandonments, merger-related costs, unusual items, realignment charges, gain (loss) on sale of business, and other charges as follows: |
Q1 2005 | Q2 2005 | Q3 2005 | Year to Date 2005 | Q1 2006 | Q2 2006 | Q3 2006 | Year to Date 2006 | |||||||||||
Asset impairments | — | — �� | — | — | 3,940 | 1,497 | 44,720 | 50,157 | ||||||||||
Nonmerger severance | — | — | — | — | 1,115 | 658 | 411 | 2,184 | ||||||||||
Lease abandonments | — | — | — | — | 150 | (386 | ) | — | (236 | ) | ||||||||
Expenses related to fraudulent data access | 5,412 | 6,040 | 4,006 | 15,458 | 782 | 971 | 923 | 2,676 | ||||||||||
(Gain) loss on sale of business | — | — | — | — | — | — | — | — | ||||||||||
Total other operating charges | 5,412 | 6,040 | 4,006 | 15,458 | 5,987 | 2,740 | 46,054 | 54,781 | ||||||||||
ChoicePoint Inc.
Cash Flow and Balance Sheet Highlights
Reconciliation of net cash provided by operating activities to net free cash flow
Q1 2005 | Q2 2005 | Q3 2005 | Year to Date 2005 | Q1 2006 | Q2 2006 | Q3 2006 | Year to Date 2006 | |||||||||||||||||
Net cash provided by operating activities - continuing operations | $ | 40,218 | $ | 64,045 | $ | 50,150 | $ | 154,413 | $ | 40,475 | $ | 24,627 | $ | 87,493 | $ | 152,595 | ||||||||
Additions to property and equipment | 6,136 | 7,878 | 5,897 | 19,911 | 6,614 | 7,303 | 5,190 | 19,107 | ||||||||||||||||
Additions to other assets, net | 9,824 | 8,799 | 10,211 | 28,834 | 10,664 | 12,356 | 9,625 | 32,645 | ||||||||||||||||
Total capital expenditures | 15,960 | 16,677 | 16,108 | 48,745 | 17,278 | 19,659 | 14,815 | 51,752 | ||||||||||||||||
Net free cash flow - continuing operations | $ | 24,258 | $ | 47,368 | $ | 34,042 | $ | 105,668 | $ | 23,197 | $ | 4,968 | $ | 72,678 | $ | 100,843 | ||||||||
Calculation of Net Debt and Net Debt to Total Book Capital Ratio
March 31, 2005 | June 30, 2005 | September 30, 2005 | December 31, 2005 | March 31, 2006 | June 30, 2006 | September 30, 2006 | ||||||||||||||||||||||
Short-term debt and current maturities of long-term debt | $ | 50,023 | $ | 50,042 | $ | 54,232 | $ | 50,022 | $ | 100,010 | $ | 101,810 | $ | 75,011 | ||||||||||||||
Long-term debt, less current maturities | 65,024 | 20,041 | 30,038 | 80,035 | 105,032 | 95,031 | 315,030 | |||||||||||||||||||||
Total Debt | 115,047 | 70,083 | 84,270 | 130,057 | 205,042 | 196,841 | 390,041 | |||||||||||||||||||||
Cash and cash equivalents | (11,162 | ) | (1,069 | ) | (5,377 | ) | (21,337 | ) | (8,499 | ) | (5,337 | ) | (37,229 | ) | ||||||||||||||
Net Debt | 103,885 | 69,014 | 78,893 | 108,720 | 196,543 | 191,504 | 352,812 | |||||||||||||||||||||
Net Debt | 103,885 | 69,014 | 78,893 | 108,720 | 196,543 | 191,504 | 352,812 | |||||||||||||||||||||
Book Value of Shareholders’ Equity | 1,029,576 | 1,067,919 | 1,074,133 | 1,020,874 | 968,875 | 1,015,991 | 721,944 | |||||||||||||||||||||
Total Capitalization | 1,133,461 | 1,136,933 | 1,153,026 | 1,129,594 | 1,165,418 | 1,207,495 | 1,074,756 | |||||||||||||||||||||
Net debt to total book capital ratio | 9.2 | % | 6.1 | % | 6.8 | % | 9.6 | % | 16.9 | % | 15.9 | % | 32.8 | % |