14
Second Quarter 2013
Mid Cap Aerospace Index
3x LTM EBITDA
$656.1
$844.1
$1,038.6
$882.6
$1,030.0
$480.2
$466.2
$2,039.3
Less LT Debt
722.8
999.2
779.4
273.9
817.5
148.9
1,176.7
1,329.9
Plus Cash
47.4
118.8
169.2
18.3
149.8
199.4
313.1
32.0
Dry Powder
($19.3)
($36.3)
$428.3
$627.0
$362.3
$530.8
($397.4)
$741.5
Small Cap Aerospace Index
3x LTM EBITDA
$44.2
$124.9
$197.7
$655.2
$95.2
$597.3
$132.7
$544.9
Less LT Debt
0.0
28.1
707.4
1,146.4
47.6
228.5
279.0
603.6
Plus Cash
75.3
17.8
134.6
273.7
71.5
16.9
0.8
53.9
Dry Powder
$119.5
$114.6
($375.1)
($217.5)
$119.1
$385.7
($145.5)
($4.9)
Dry Powder Calculations
(Aerospace)
Large Cap Aerospace Index
3x LTM EBITDA
$2,609.0
$1,977.9
$23,385.0
$3,231.0
$7,159.5
$3,168.0
$4,023.0
$30,156.0
Less LT Debt
1,323.7
1,960.1
9,171.0
7,257.0
3,807.2
1,158.0
3,740.0
22,824.0
Plus Cash
177.3
531.5
8,335.0
3,733.0
280.2
337.0
701.0
4,767.0
Dry Powder
$1,462.6
$549.3
$22,549.0
($293.0)
$3,632.5
$2,347.0
$984.0
$12,099.0
($ millions)
Source: Public Filings; Capital IQ as of 06/28/13
