8
April 2014
Large Cap Software Index
3x LTM EBITDA
$4,698.0
$49,482.0
$1,279.5
$2,915.7
$4,392.0
Less LT Debt
1,910.0
24,193.0
746.4
995.2
450.0
Plus Cash
2,974.0
16,832.0
1,853.0
2,152.7
2,305.0
Dry Powder
$5,762.0
$42,121.0
$2,386.1
$4,073.2
$6,247.0
Electronics Equipment Index
3x LTM EBITDA
$169,695.0
$86,625.0
$38,940.0
$36,033.0
$12,509.7
Less LT Debt
16,961.0
383,040.0
17,157.0
13,176.0
3,499.0
Plus Cash
14,077.0
13,682.0
5,339.0
3,472.0
3,115.2
Dry Powder
$166,811.0
($282,733.
0)
$27,122.0
$26,329.0
$12,125.9
Mid/Small Cap Software Index
3x LTM EBITDA
-$40.9
-$5.7
$419.4
$31.6
Less LT Debt
0.3
0.0
40.0
0.0
Plus Cash
19.9
13.5
166.0
252.7
Dry Powder
($21.3)
$7.8
$545.3
$284.2
Company Liquidity Estimates by Subsector
($ millions)
Source: Public Filings; Capital IQ as of 3/26/14
