SUMMARY OUTPUT

Regression Statistics
Multiple R 0.626668305
R Square 0.392713164
Adjusted R Square
0.382059009
Standard Error
0.053387902
Observations
59
ANOVA
df
Regression
Residual
Total

1
57
58

SS
MS
F
Significance F
0.105061151 0.105061 36.86009
1.1E-07
0.162465279 0.00285
0.26752643

Coefficients Standard Error

t Stat
P-value Lower 95% Upper 95%Lower 95.0%
Intercept 0.005146091
0.00700578 0.734549 0.465625 -0.00888 0.019175 -0.00888
-0.01557 1.185606658
0.195282086 6.071252
1.1E-07 0.794561 1.576652 0.794561

AVG D/E
AVG Tax rate

unlevered Beta

6.44%
34.67%

1.137740024

Upper 95.0%
0.019175
1.576652

PERMNO Ticker Symbol

2002

54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391

AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE

Company Name
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC

Names Date
20020131
20020228
20020328
20020430
20020531
20020628
20020731
20020830
20020930
20021031
20021129
20021231
20030131
20030228
20030331
20030430
20030530
20030630
20030731
20030829
20030930
20031031
20031128
20031231
20040130
20040227
20040331
20040430
20040528
20040630
20040730
20040831
20040930
20041029
20041130
20041231
20050131
20050228
20050331
20050429
20050531
20050630
20050729
20050831
20050930

2006

54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391
54391

AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE

EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC
EDWARDS A G INC

20051031
20051130
20051230
20060131
20060228
20060331
20060428
20060531
20060630
20060731
20060831
20060929
20061031
20061130
20061229

Standard Industrial Classification Code

North American Industry Classification System

Returns
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211

-0.037582
-0.039050
0.080539
-0.069577
-0.030059
-0.016629
-0.114999
0.094186
-0.146121
0.028768
0.097872
-0.083056
-0.133192
-0.066503
-0.022872
0.151737
0.102917
0.044377
0.081579
-0.026764
0.071389
0.054413
-0.092839
-0.009526
0.050235
0.005256
0.026928
-0.064673
0.022137
-0.085829
-0.044960
0.070154
0.000000
0.047371
0.078323
0.109207
-0.012729
0.010549
0.042913
-0.113616
0.040292
0.096829
-0.018826
0.020542
-0.027428

6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211

-0.034011
0.041352
0.067847
0.015151
-0.060332
0.119911
0.059767
0.014383
0.035821
-0.024584
-0.021127
0.012495
0.070758
0.014023
0.097494

Shares Observation End Date

20020227
20020327
20020429
20020530
20020627
20020730
20020829
20020929
20021030
20021128
20021230
20030130
20030227
20030330
20030429
20030529
20030629
20030730
20030828
20030929
20031030
20031127
20031230
20040129
20040226
20040330
20040429
20040527
20040609
20040729
20040830
20040929
20041028
20041129
20041230
20050130
20050227
20050330
20050428
20050530
20050629
20050728
20050830
20050929
20051030

Volume Shares Outstanding

82735
77817
66204
75846
93093
102784
108979
84563
108010
136939
73430
69813
107621
84206
129665
94922
84549
97942
103966
64684
107605
119826
128168
113535
180470
90772
123643
118297
92764
134311
158587
100719
103382
117205
78907
116454
133899
87169
122141
140264
106384
126775
80036
67441
83677

79778
79778
79778
79778
80616
80616
79421
79421
79421
78816
78816
78816
79875
79875
80680
80680
80680
79788
79522
79522
78866
78673
78673
78673
80099
80099
80533
80533
79959
79640
79231
79231
79231
76393
77000
77000
76039
76039
76039
76039
77010
77010
76841
76841
76763

20051129
20051229
20060130
20060227
20060330
20060427
20060530
20060629
20060730
20060830
20060928
20061030
20061129
20061228
20070130

117165
75034
82586
75325
60083
95631
91424
112292
164035
90629
75126
94499
84965
58295
76353

76699
76699
76048
75722
75722
75722
75722
76556
76414
76349
76349
76115
76020
76020
75477

Value-Weighted Return-incl. dividends

-0.015984
-0.021699
0.044685
-0.049632
-0.010524
-0.070251
-0.081135
0.007964
-0.099965
0.074925
0.061271
-0.053316
-0.023392
-0.01539
0.010325
0.082762
0.063471
0.016335
0.023112
0.024966
-0.009112
0.060318
0.016593
0.045528
0.023049
0.015459
-0.010694
-0.024231
0.014125
0.021582
-0.037667
0.002713
0.020546
0.017805
0.048209
0.035179
-0.026556
0.022672
-0.016935
-0.025186
0.037955
0.011534
0.043327
-0.005946
0.010565

Return on the S&P 500 Index

-0.015574
-0.020766
0.036739
-0.061418
-0.009081
-0.072465
-0.078995
0.004881
-0.110013
0.086436
0.05707
-0.060333
-0.027415
-0.017004
0.008358
0.081044
0.050899
0.011322
0.016224
0.017873
-0.011944
0.054962
0.007129
0.050765
0.017276
0.012209
-0.016359
-0.016791
0.012083
0.017989
-0.034291
0.002287
0.009364
0.014014
0.038595
0.032458
-0.02529
0.018903
-0.019118
-0.020109
0.029952
-0.000143
0.035968
-0.011222
0.006949

-0.020801
0.040385
0.003455
0.040033
-0.00164
0.019055
0.012962
-0.031046
-0.000406
-0.001902
0.025062
0.019424
0.037125
0.023705
0.010833

-0.017741
0.035186
-0.000952
0.025467
0.000453
0.011065
0.012187
-0.030917
0.000087
0.005086
0.021274
0.024566
0.031508
0.016467
0.012616

Global Company Key

2002

2006

4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230
4230

Data Date Fiscal Year Fiscal Quarter

20020228
20020531
20020831
20021130
20030228
20030531
20030831
20031130
20040229
20040531
20040831
20041130
20050228
20050531
20050831
20051130
20060228
20060531
20060831
20061130

2001
2002
2002
2002
2002
2003
2003
2003
2003
2004
2004
2004
2004
2005
2005
2005
2005
2006
2006
2006

4
1
2
3
4
1
2
3
4
1
2
3
4
1
2
3
4
1
2
3

Fiscal Year-end Month

2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2

Ticker Symbol

CUSIP

Company Name

AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE
AGE

281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108
281760108

EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC
EDWARDS (A G) INC

ISO Currency Code

Calendar Data Year and Quarter

USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD

2002Q1
2002Q2
2002Q3
2002Q4
2003Q1
2003Q2
2003Q3
2003Q4
2004Q1
2004Q2
2004Q3
2004Q4
2005Q1
2005Q2
2005Q3
2005Q4
2006Q1
2006Q2
2006Q3
2006Q4

Fiscal Data Year and Quarter

2001Q4
2002Q1
2002Q2
2002Q3
2002Q4
2003Q1
2003Q2
2003Q3
2003Q4
2004Q1
2004Q2
2004Q3
2004Q4
2005Q1
2005Q2
2005Q3
2005Q4
2006Q1
2006Q2
2006Q3

Actual Period End date

20030831
20031130
20040229
20040531
20040831
20041130
20050228
20050531
20050831
20051130
20060228
20060531
20060831
20061130

Final Date

20061011
20070112

Current Assets - Total

Working Capital (Balance Sheet)

Short-Term Investments- Total

Cash Cash and Short-Term Investments

238.169
244.576
232.101
194.008
421.266
378.012
229.545
485.536
503.646
254.037
282.641
329.852
836.82
525.27
556.939
522.403
646.054
432.907
924.602
1307.548

Inventories - Total
377.508
384.259
458.481
532.381
441.905
427.256
619.306
372.017
428.521
427.743
326.835
316.176
400.203
380.542
381.927
460.503
414.153
426.686
414.471
366.327

Receivables - Total
2649.636
2594.882
2307.557
2266.056
2198.457
2199.367
2283.849
2377.6
2561.916
2504.236
2480.978
2524.473
2496.978
2671.506
2377.142
2515.108
2596.418
2554.245
2377.48
2400.887

Assets - Total
4187.17
4155.923
3922.854
3912.376
3980.094
3921.934
4066.745
4180.205
4435.059
4110.942
4001.3
4105.297
4687.797
4538.715
4287.692
4479.493
4664.269
4413.379
4708.961
5076.078

Market Value - Total

4095.7904
4020.3943
4366.2866

Total Long-term Investments

217.954
252.762
240.074
247.505
237.183
253.859
267.315
284.051
298.441
314.711
314.658
340.784
337.394
352.663
358.414
371.72
367.822
395.802
385.614
413.357

Property, Plant and Equipment - Total (Gross) - Quarterly

1002.088
1026.252
1050.156
1074.895
1105.612
1115.766
1136.488
1167.197
1138.462
1153.147
1148.604
1179.745
1219.304
1222.353
1238.12
1251.446
1208.341
1175.586
1157.599
1172.3

Property Plant and Equipment - Total (Net)

531.283
526.112
522.472
521.895
526.387
520.535
512.752
512.012
498.706
487.957
481.561
488.508
503.976
493.885
485.673
477.686
485.287
471.217
464.7
456.48

Depreciation, Depletion and Amortization (Accumulated)

470.805
500.14
527.684
553
579.225
595.231
623.736
655.185
639.756
665.19
667.043
691.237
715.328
728.468
752.447
773.76
723.054
704.369
692.899
715.82

Liabilities - Total
2539.374
2503.527
2295.535
2243.894
2291.557
2247.126
2400.007
2445.602
2656.74
2328.661
2280.968
2392.559
2900.106
2715.339
2432.421
2615.665
2765.02
2441.484
2699.262
3036.937

Liabilities - Other
127.925
306.004
284.728
280.297
124.442
135.285
151.603
185.644
154.977
147.904
139.401
152.989
183.464
186.451
190.955
200.912
219.72
210.345
210.341
231.019

Current Liabilities - Total

Current Liabilities - Other - Total

577.186
251.022
326.395
334.707
516.982
410.43
515.087
559.562
647.498
472.016
554.83
601.732
664.654
434.637
538.051
631.374
704.765
480.841
582.524
711.824

Long-Term Debt Due in One Year

Debt in Current Liabilities

183.361
419.978
136.156
183.543
75.44
85.373
103.641
65.555
73.208
59.522
221.25
72.611
52.839
59.895
140.957
45.102
45.642
43.687
73.167
86.46

Notes Payable

Long-Term Liabilities (Total)

Long-Term Debt - Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Liabilities and Stockholders Equity - Total

4187.17
4155.923
3922.854
3912.376
3980.094
3921.934
4066.745
4180.205
4435.059
4110.942
4001.3
4105.297
4687.797
4538.715
4287.692
4479.493
4664.269
4413.379
4708.961
5076.078

Invested Capital - Total - Quarterly

1647.796
1652.396
1627.319
1668.482
1688.537
1674.808
1666.738
1734.603
1778.319
1782.281
1720.332
1712.738
1787.691
1823.376
1855.271
1863.828
1899.249
1971.895
2009.699
2039.141

Stockholders Equity - Total

Common/Ordinary Equity - Total

1647.796
1652.396
1627.319
1668.482
1688.537
1674.808
1666.738
1734.603
1778.319
1782.281
1720.332
1712.738
1787.691
1823.376
1855.271
1863.828
1899.249
1971.895
2009.699
2039.141

Treasury Stock - Total (All Capital)

627.336
655.864
694.724
662.936
640.279
667.362
700.151
645.557
640.405
673.313
763.51
791.422
741.364
743.054
746.798
776.001
796.723
761.109
782.378
822.87

Retained Earnings
1892.189
1918.462
1932.406
1945.996
1943.325
1958.333
1982.552
1994.275
2029.562
2063.099
2091.421
2113.101
2137.114
2174.838
2209.306
2246.086
2306.147
2350.873
2401.896
2465.159

Price Close - Quarter

40.85
39.69
37.64
36.12
26.67
32.9
36
36.74
38.25
37.4
34.78
39.1
43.11
41.31
45.21
44.07
44.7
53.6
52.82
57.85

Common Shares Outstanding

80.695
80.049
79.023
80.033
80.726
79.788
78.866
80.379
80.527
79.64
76.92
76.034
77.021
76.897
76.763
76.048
75.59
76.414
76.115
75.476

Cash Dividends
50.889
12.849
25.649
38.29
51.088
12.795
25.552
38.167
51.028
12.774
25.499
37.806
49.955
12.213
24.509
36.79
51.987
15.119
30.405
45.628

Net Income (Loss)

-36.982
39.064
26.596
31.967
21.201
27.876
37.488
39.717
54.404
46.264
40.628
49.173
50.409
51.779
47.205
51.67
75.438
77.623
66.226
78.327

Income Before Extraordinary Items

-36.982
39.064
26.596
31.967
21.201
27.876
37.488
39.717
54.404
46.264
40.628
49.173
50.409
49.011
47.205
51.67
75.438
77.623
66.226
78.327

Pretax Income
-65.258
60.999
41.286
36.319
32.83
43.335
57.395
60.848
83.696
73.326
63.124
77.857
80.1
75.877
74.327
75.849
114.955
122.422
104.362
124.046

Operating Income After Depreciation - Quarterly

43.658
63.237
42.704
37.37
33.337
44.119
58.345
61.515
84.154
73.99
63.823
79.3
81.408
78.09
76.588
79.13
117.853
126.203
109.044
128.001

Operating Income Before Depreciation - Quarterly

Operating Activities - Net Cash Flow

925.99
-189.043
146.046
132.92
346.368
21.074
172.101
123.35
214.96
48.456
82.836
271.948
526.801
-65.694
-160.763
17.631
130.795
-76.59
133.47
65.19

Revenue - Total
581.946
600.429
570.559
514.037
514.19
558.714
639.725
629.988
697.249
666.554
614.968
639.432
690.841
655.152
674.797
677.366
743.451
768.474
717.91
771.484

Operating Expense- Total

538.288
537.192
527.855
476.667
480.853
514.595
581.38
568.473
613.095
592.564
551.145
560.132
609.433
577.062
598.209
598.236
625.598
642.271
608.866
643.483

Selling, General and Administrative Expenses

Interest and Related Expense- Total

1.954
2.238
1.418
1.051
0.507
0.784
0.95
0.667
0.458
0.664
0.699
1.443
1.308
2.213
2.261
3.281
2.898
3.781
4.682
3.955

Interest Paid - Net

29.125
1.66
2.876
3.484
5.494
0.661
1.661
4.881
2.616
0.481
1.01
2.228
4.083
1.903
4.293
7.818
10.768
3.635
8.666
13.009

Non-Operating Income (Expense) - Total

Income Taxes Payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

12.878
27.67
50.879
20.662
15.222
16.13
34.225
18.744
13.588
3.258
29.009
4.235
7.378
9.999
17.444
5.864
22.453
25.162
46.697
36.189

Income Taxes - Total

-28.276
21.935
14.69
4.352
11.629
15.459
19.907
21.131
29.292
27.062
22.496
28.684
29.691
26.866
27.122
24.179
39.517
44.799
38.136
45.719

Income Taxes Paid

85.947
24.251
-8.434
31.345
43.223
5.37
15.755
61.432
87.668
9.989
14.297
56.502
75.006
24.85
67.493
112.94
147.777
9.072
36.407
90.131

Depreciation and Amortization - Total

GIC Groups
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020
4020

GIC Industries
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030
402030

GIC Sectors
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40

GIC Sub-Industries
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020
40203020

Standard Industry Classification Code

S&P Industry Sector Code

6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211
6211

822
822
822
822
822
822
822
822
822
822
822
822
822
822
822
822
822
822
822
822

S&P Economic Sector Code

S&P Quality Ranking - Current

800
800
800
800
800
800
800
800
800
800
800
800
800
800
800
800
800
800
800
800

AAAAAAAAAAAAAAAAAAAA-

Company Initial Public Offering Date

Capital Expenditures
190.808
30.043
59.747
84.783
127.007
23.402
47.473
84.516
99.615
19.062
39.636
73.74
116.789
13.496
31.773
50.371
85.837
11.916
31.937
51.153

Changes in Current Debt

-212.5
277.6
-2
49.6
-67.3
18.1
-27.5
-40
-11.7
-11.8
144.7
-18.4
-11.9
-16.4
86
-16.4
-16.4
0
0
0

Long-Term Debt - Issuance

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Long-Term Debt - Reduction

Increase in Investments
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

72.926
1.852
3.364
14.143
18.116
3.777
11.878
16.22
27.004
4.542
7.192
15.362
22.008
8.829
13.152
19.497
23.158
5.452
8.827
15.181

Investing Activities - Net Cash Flow

-244.039
-30.87
-62.161
-82.033
-134.69
-22.412
-53.495
-93.819
-117.993
-11.324
-32.65
-67.013
-105.347
-13.826
-28.763
-50.094
-73.608
-1.562
-3.167
-20.136

Short-Term Investments - Change

Sale of Investments
19.695
1.025
0.95
8.137
10.433
4.767
5.856
6.917
8.626
1.45
3.348
11.259
22.62
8.499
16.162
19.774
32.304
15.806
37.597
46.198

Sale of Property
0
0
0
6.029
0
0

3.083
0
0
0

Sale of PP&E and Investments - (Gain) Loss

0
0
0
0
0
0
0
0
0.598
0
0
0
-21.798

-35.995

Stock Exchange Code

11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11

Active/Inactive Status Marker

I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I

Data Date Debt

20020228
20020531
20020831
20021130
20030228
20030531
20030831
20031130
20040229
20040531
20040831
20041130
20050228
20050531
20050831
20051130
20060228
20060531
20060831
20061130

183.361
419.978
136.156
183.543
75.44
85.373
103.641
65.555
73.208
59.522
221.25
72.611
52.839
59.895
140.957
45.102
45.642
43.687
73.167
86.46

Equity
Total assets - Total Liabilities
1647.796
1652.396
1627.319
1668.482
1688.537
1674.808
1666.738
1734.603
1778.319
1782.281
1720.332
1712.738
1787.691
1823.376
1855.271
1863.828
1899.249
1971.895
2009.699
2039.141

Equity
Total Liab & SHE - Total Liabilities
1647.796
1652.396
1627.319
1668.482
1688.537
1674.808
1666.738
1734.603
1778.319
1782.281
1720.332
1712.738
1787.691
1823.376
1855.271
1863.828
1899.249
1971.895
2009.699
2039.141

Value
D+E
1831.157
2072.374
1763.475
1852.025
1763.977
1760.181
1770.379
1800.158
1851.527
1841.803
1941.582
1785.349
1840.53
1883.271
1996.228
1908.93
1944.891
2015.582
2082.866
2125.601

D/V
0.100133959
0.202655505
0.07720892
0.099103954
0.042766998
0.048502398
0.058541702
0.036416248
0.039539256
0.032317246
0.113953467
0.04067048
0.028708579
0.031803707
0.070611674
0.023626849
0.023467639
0.021674633
0.03512804
0.040675555

E/V
0.899866041
0.797344495
0.92279108
0.900896046
0.957233002
0.951497602
0.941458298
0.963583752
0.960460744
0.967682754
0.886046533
0.95932952
0.971291421
0.968196293
0.929388326
0.976373151
0.976532361
0.978325367
0.96487196
0.959324445

D/E
11.13%
25.42%
8.37%
11.00%
4.47%
5.10%
6.22%
3.78%
4.12%
3.34%
12.86%
4.24%
2.96%
3.28%
7.60%
2.42%
2.40%
2.22%
3.64%
4.24%
6.44% avg

Net Income (Loss)

-36.982
39.064
26.596
31.967
21.201
27.876
37.488
39.717
54.404
46.264
40.628
49.173
50.409
51.779
47.205
51.67
75.438
77.623
66.226
78.327

Pretax Income
-65.258 -28.276
60.999 21.935
41.286
14.69
36.319
4.352
32.83 11.629
43.335 15.459
57.395 19.907
60.848 21.131
83.696 29.292
73.326 27.062
63.124 22.496
77.857 28.684
80.1 29.691
75.877 24.098
74.327 27.122
75.849 24.179
114.955 39.517
122.422 44.799
104.362 38.136
124.046 45.719

effective tax rate

0.433295535
0.359596059
0.355810686
0.119827088
0.354218702
0.356732433
0.346842059
0.347275177
0.349980883
0.369064179
0.356377923
0.368419025
0.370674157
0.317592946
0.364901045
0.318778099
0.343760602
0.365939129
0.365420364
0.368564887
0.346653549

Interest and Related Expense- Total

1.954
2.238
1.418
1.051
0.507
0.784
0.95
0.667
0.458
0.664
0.699
1.443
1.308
2.213
2.261
3.281
2.898
3.781
4.682
3.955

Interest Coverage ratio

-18.92630502
17.45487042
18.75599436
30.41579448
41.81656805
35.55612245
39.46105263
59.54572714
118.7860262
69.6746988
58.1230329
34.07692308
38.53899083
23.39765025
20.87793012
15.74824749
26.0310559
20.52975403
14.14480991
19.8045512

Interest Coverage Ratios & Ratings

Default Spreads January 2014

Arithmetic Average
Geometric Average
Stocks - T. Bills
Stocks - T. Bonds Stocks - T. Bills
Stocks - T. Bonds
1928-1996
0.081926291
0.070058646
0.062917691
0.05304504