16
Third Quarter 2014
Mid Cap Aerospace Index
3x LTM EBITDA
$1,198.0
$915.6
$1,126.2
$729.8
$1,112.7
$1,091.7
$912.6
$1,801.1
Less LT Debt
959.0
1,138.9
640.9
386.3
432.8
874.0
1,160.3
1,556.5
Plus Cash
222.5
127.4
210.5
20.9
37.7
231.3
381.6
33.4
Dry Powder
$461.5
($95.9)
$695.8
$364.4
$717.6
$448.9
$133.9
$278.0
Small Cap Aerospace Index
3x LTM EBITDA
$642.6
$73.3
$305.9
$378.9
$26.9
$125.6
$462.0
$605.3
Less LT Debt
627.1
0.0
245.7
783.5
39.1
289.4
136.9
1,132.1
Plus Cash
81.8
148.1
20.8
154.9
33.4
1.8
427.5
80.4
Dry Powder
$97.3
$221.3
$81.0
($249.7)
$21.3
($162.1)
$752.7
($446.3)
Dry Powder Calculations
(US Aerospace)
Large Cap Aerospace Index
3x LTM EBITDA
$3,037.7
$2,694.0
$25,746.0
$9,423.0
$3,534.0
$4,176.0
$3,013.5
$35,856.0
Less LT Debt
1,636.7
2,626.7
8,880.0
3,913.0
2,167.0
3,968.0
7,518.7
19,998.0
Plus Cash
369.6
289.3
6,655.0
0.0
323.0
430.0
729.1
5,035.0
Dry Powder
$1,770.6
$356.6
$23,521.0
$5,510.0
$1,690.0
$638.0 ($3,776.0)
$20,893.0
($ millions)
Source: Public Filings; Capital IQ as of 09/30/14
