13
Second Quarter 2013
Defense Systems Index
3x LTM EBITDA
$445.4
$2,073.0
$1,102.0
$3,150.0
$1,017.3
Less LT Debt
78.0
649.0
248.4
1,925.0
698.7
Plus Cash
148.6
185.0
246.0
459.0
49.0
Dry Powder
$516.0
$1,609.0
$1,099.6
$1,684.0
$367.6
Middle Market Defense & Government Services Index
3x LTM EBITDA
$88.0
$273.0
$82.8
$313.2
$53.9
$212.9
Less LT Debt
96.7
86.7
96.4
647.2
26.0
155.1
Plus Cash
0.0
4.5
3.1
51.6
0.9
1.4
Dry Powder
($8.7)
$190.8
($10.5)
($282.4)
$28.8
$59.3
Defense Prime Index
3x LTM EBITDA
$11,133.0
$4,761.0
$15,852.0
$10,779.0
$10,020.0
Less LT Debt
3,909.0
3,651.0
6,304.0
3,942.0
4,731.0
Plus Cash
3,745.0
276.0
3,065.0
3,183.0
3,125.0
Dry Powder
$10,969.0
$1,386.0
$12,613.0
$10,020.0
$8,414.0
Government Services Index
3x LTM EBITDA
$1,572.7
$1,005.4
$5,998.5
$602.6
$2,616.0
Less LT Debt
1,715.2
687.8
2,732.0
200.0
1,298.0
Plus Cash
350.4
56.3
2,054.0
172.3
563.0
Dry Powder
$207.9
$373.9
$5,320.5
$574.9
$1,881.0
Dry Powder Calculations
(Defense and Gov. Services)
($ millions)
Source: Public Filings; Capital IQ as of 06/28/13
