7
August 2014
Large Cap Software Index
3x LTM EBITDA
$4,275.0
$50,151.0
$1,176.6
$3,075.6
$4,371.0
Less LT Debt
1,909.0
24,175.0
746.6
995.5
1,500.0
Plus Cash
3,255.0
17,769.0
1,609.6
2,291.0
2,054.0
Dry Powder
$5,621.0
$43,745.0
$2,039.6
$4,371.1
$4,925.0
Electronics Equipment Index
3x LTM EBITDA
$177,384.0
$84,954.0
$38,613.0
$38,121.0
$12,891.9
Less LT Debt
31,040.0
378,700.0
20,900.0
13,245.0
3,069.0
Plus Cash
12,977.0
10,500.0
6,241.0
2,267.0
3,321.1
Dry Powder
$159,321.0
($283,246.0)
$23,954.0
$27,143.0
$13,144.0
Mid/Small Cap Software Index
3x LTM EBITDA
-$35.6
$1,234.2
$401.5
$46.1
$89.8
Less LT Debt
0.1
0.1
40.0
0.0
0.0
Plus Cash
21.3
857.7
187.2
627.3
111.9
Dry Powder
($14.4)
$2,091.8
$548.7
$673.4
$201.6
Company Liquidity Estimates by Subsector
($ millions)
Source: Public Filings; Industry Newswires and Capital IQ as of 7/29/14
