16
As of 09/30/2016
16
Q3
2016
Dry Powder: Defense and Gov. Services
($ millions)
Middle Market Defense & Government Services Index
3x LTM EBITDA
$1,870.3
$280.6
$1,036.3
$5,040.0
$3,765.0
$1,069.8
Less LT Debt
1,595.8
431.2
770.9
4,517.0
3,340.0
691.7
Plus Cash
73.5
173.4
903.2
487.0
352.0
71.7
Dry Powder
$348.0
$22.9
$1,168.6
$1,010.0
$777.0
$449.8
Middle Market Defense & Government Services Index
3x LTM EBITDA
$327.1
$1.6
$75.9
$88.1
$146.2
$233.6
Less LT Debt
317.9
129.3
444.7
7.1
103.3
255.7
Plus Cash
10.8
47.9
17.6
0.1
50.0
0.7
Dry Powder
$20.0
($79.7)
($351.2)
$81.1
$92.9
($21.5)
Defense Prime Index
3x LTM EBITDA
$23,613.0
$13,992.0
$19,503.0
$10,437.0
$10,641.0
Less LT Debt
11,015.0
3,436.0
14,809.0
6,390.0
5,333.0
Plus Cash
8,605.0
1,899.0
1,269.0
1,139.0
2,016.0
Dry Powder
$21,203.0
$12,455.0
$5,963.0
$5,186.0
$7,324.0
Middle Market Defense & Government Services Index
3x LTM EBITDA
$1,526.0
$1,002.8
$551.2
$1,332.5
$365.3
$1,023.0
Less LT Debt
1,608.3
1,477.7
1,075.9
1,093.0
0.0
1,060.0
Plus Cash
180.0
49.1
33.3
670.0
40.1
115.0
Dry Powder
$97.6
($425.8)
($491.4)
$909.5
$405.4
$78.0
Source: Public Filings, S&P Capital IQ