{"text_format":"1","workbook":"xlsx","n_sheets":29,"sheets":["Instructions","P1","P2","CCA","V1","PTA","V2","D#1","D#2","D#3","D#4","D#5","D#6","D#7","D#8","D#9","D#10","CAPEX","V","TS","IS","BS","CF","DS","RA","A1","A2","A3","Notes"],"not_rendered":{"charts":0,"images":0,"macros":1,"external_links":2,"defined_names":18,"comments":3,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"Instructions","index":0,"n_rows":18,"n_cols":3,"rows_kept":18,"cut":false,"hidden":false,"merged":[]}
[]
[null,"Tickers","<---Hover mouse over cells with this red triangle on Page 1 for instructions. "]
[null,"Type tickers into Page 1 based on market capitalization. "]
[null,"Spreadsheet only works on a Bloomberg terminal with Blomberg Excel add-in enabled."]
[]
[null,"Author:","Nathan Ramos, Chief Executive Officer"]
[null,"Company:","Logic Consulting, LLC"]
[null,"DBA: ","NR Capital Management"]
[null,"Rights:","All rights reserved. "]
[]
[null,"Tab Colors"]
[null,null,"Comparable Companies Analysis"]
[null,null,"Precedent Transactions Analysis"]
[null,null,"Discounted Cash Flow Analysis"]
[null,null,"Company Valuation"]
[null,null,"Leveraged Buyout Analysis"]
[]
[null,0.1,"Input data into these cells. Leave all other cells alone unless you are CERTAIN of what you are doing. "]

{"sheet":"P1","index":1,"n_rows":52,"n_cols":20,"rows_kept":52,"cut":false,"hidden":false,"merged":[[4,13,4,19],[4,9,4,12],[4,4,4,8],[4,2,4,3],[5,17,5,19],[5,15,5,16],[5,13,5,14]]}
[{"$f":"A9","v":"OLD DOMINION FREIGHT LINE"}]
["Benchmarking Analysis - Financial Statistics and Ratios, Page 1"]
["($ in millions, except per share data)"]
[]
[null,null,"Market Valuation",null,"LTM Financial Statistics",null,null,null,null,"LTM Profitability Margins",null,null,null,"Growth Rates"]
[null,null,null,null,null,null,null,null,null,"Gross",null,null,"Net","Sales",null,"EBITDA",null,"EPS"]
[null,null,"Equity","Enterprise",null,"Gross",null,null,"Net","Profit","EBITDA",null,"Income","Hist.","Est.","Hist.","Est.","Hist.","Est.","Est."]
["Company","Ticker","Value","Value","Sales","Profit","EBITDA","EBIT","Income","(%)","(%)","EBIT (%)","(%)","1-year","1-year","1-year","1-year","1-year","1-year","LT"]
["OLD DOMINION FREIGHT LINE","ODFL",8877.9338947200013,8939.1008947200007,2991.5169999999998,791.16399279785162,718.75599999999986,519.59199999999998,318.42354999999998,{"$f":"F9/E9","v":0.26446916156513622},{"$f":"G9/E9","v":0.24026472187856526},{"$f":"H9/E9","v":0.17368846642021424},{"$f":"I9/E9","v":0.10644216629890453},4.8751282239032884E-2,9.3245333387709378E-2,1.5249034408657287E-2,0.13323398179016835,-2.8011204481792123E-3,0.16733027180914273,0.12825]
[]
["Tier I: Large-Cap"]
["C.H. ROBINSON WORLDWIDE INC","CHRW",10814.640748379999,11883.458748379999,13144.413,1170.4210202636718,859.59699999999998,784.096,490.64790000000005,{"$f":"F12/E12","v":8.9043232304376913E-2},{"$f":"G12/E12","v":6.5396377913566769E-2},{"$f":"H12/E12","v":5.9652416581858769E-2},{"$f":"I12/E12","v":3.7327486590690663E-2},6.8601692275867154E-2,0.13020064113931903,-1.3538166729568667E-2,-5.9910107432580545E-2,2.2727272727272749E-2,-8.8857938718662946E-2,9.2000000000000012E-2]
["HUNT (JB) TRANSPRT SVCS INC","JBHT",11118.642024799999,12195.736024799999,6555.4589999999998,934.74699426269535,1045.327,664.97,427.70344999999998,{"$f":"F13/E13","v":0.14259062473927384},{"$f":"G13/E13","v":0.15945900965897278},{"$f":"H13/E13","v":0.10143759575035097},{"$f":"I13/E13","v":6.5243860117193922E-2},7.2041412693720844E-2,8.3789403610029484E-2,2.5796284872553633E-2,-3.5809631141862003E-2,4.0650406504065019E-2,-5.049861514421973E-3,0.13450000000000001]
[]
[]
[]
["Mean",null,null,null,null,null,null,null,null,{"$f":"IFERROR(AVERAGE(J12:J15),\"\")","v":0.11581692852182537},0.11242769378626977,8.0545006166104868E-2,5.1285673353942296E-2,7.0321552484793992E-2,0.10699502237467426,6.129059071492483E-3,-4.7859869287221274E-2,3.1688839615668887E-2,-4.6953900116542463E-2,0.11325000000000002]
["Median",null,null,null,null,null,null,null,null,{"$f":"IFERROR(MEDIAN(J12:J15),\"\")","v":0.11581692852182537},0.11242769378626977,8.0545006166104868E-2,5.1285673353942296E-2,7.0321552484793992E-2,0.10699502237467426,6.1290590714924847E-3,-4.7859869287221274E-2,3.1688839615668887E-2,-4.6953900116542463E-2,0.11325000000000002]
[]
["Tier II: Mid-Cap"]
["XPO LOGISTICS INC","XPO",7835.5733714999997,12826.273371499999,14619.4,4507.9999267578132,1195.5999999999999,649.6,211.39999749999998,{"$f":"F21/E21","v":0.30835738311817268},{"$f":"G21/E21","v":8.1781742068757948E-2},{"$f":"H21/E21","v":4.4434108102931726E-2},{"$f":"I21/E21","v":1.4460237595250147E-2},0.13583435136932293,2.2271775859474423E-2,2.3645554564377047,8.7966672007691038E-2,null,0.91400000000000015,0.41133000000000003]
["LANDSTAR SYSTEM INC","LSTR",4104.5133628999993,3984.3843628999994,3169.136,471.97100677490232,274.11199999999997,234.08700000000002,144.77585000000002,{"$f":"F22/E22","v":0.1489273438485765},{"$f":"G22/E22","v":8.6494236915045611E-2},{"$f":"H22/E22","v":7.3864611679650236E-2},{"$f":"I22/E22","v":4.5683066299458279E-2},4.8841313001373933E-2,0.10376798582159431,-4.3429293078490916E-2,0.10211660432276756,-3.5502958579881692E-2,0.11107692307692314,0.1075]
["KNIGHT-SWIFT TRANSPORTATION","KNX",6897.3250017200007,7790.536001720001,4031.5169999999998,710.39098718261721,465.50099999999998,176.51400000000001,108.33924999999999,0.17620934928033721,0.11546546870570061,4.378351871020264E-2,2.6873072840818975E-2,-3.0408390376376392E-2,-0.16185396216858317,-0.20278147914438679,-6.9523425862602031E-2,-0.20143884892086317,-0.26878688524590155,0.16300000000000001]
["WERNER ENTERPRISES INC","WERN",2446.4462967500003,2498.8362967500002,2008.991,328.31599890136721,344.61599999999999,116.715,73.338999999999999,0.16342332987124741,0.17153685606356622,5.8096327957666311E-2,3.6505390019168825E-2,1.7229793506574212E-3,4.6452174250656231E-2,-0.14699554189475816,7.9815841666716361E-2,-0.36046511627906969,0.13944954128440357,0.111]
[]
["Mean",null,null,null,null,null,null,null,null,{"$f":"IFERROR(AVERAGE(J21:J24),\"\")","v":0.19922935152958346},0.11381957593826759,5.504464161261273E-2,3.0880441688674057E-2,3.8997563336244476E-2,2.6594934407854487E-3,0.49283728558001721,5.0093923033643233E-2,-0.19913564125993818,0.22393489477885631,0.19820750000000001]
["Median",null,null,null,null,null,null,null,null,{"$f":"IFERROR(MEDIAN(J21:J24),\"\")","v":0.16981633957579231},0.10097985281037311,5.1265218030299015E-2,3.16892314299939E-2,2.528214617601568E-2,3.436197505506533E-2,-9.521241748662454E-2,8.3891256837203693E-2,-0.20143884892086317,0.12526323218066335,0.13700000000000001]
[]
["Tier III: Small-Cap"]
["SAIA INC","SAIA",1436.6750235500001,1584.6440235500002,1218.481,416.50400042724613,168.59399999999999,87.183999999999997,53.239400000000003,{"$f":"F30/E30","v":0.34182231846639066},{"$f":"G30/E30","v":0.13836407789698812},{"$f":"H30/E30","v":7.1551382417944967E-2},{"$f":"I30/E30","v":4.3693254141837258E-2},7.0640837045478161E-2,0.10899226167662858,2.458143811090498E-3,0.16124111831943153,-0.13122171945701358,0.15769643541791772,"N.A."]
["HEARTLAND EXPRESS INC","HTLD",1915.1265900799999,1743.83459008,612.93700000000001,116.14299850463868,181.08,65.706999999999994,44.036000000000001,{"$f":"F31/E31","v":0.18948602956688645},{"$f":"G31/E31","v":0.295430036039593},{"$f":"H31/E31","v":0.1072002505967171},{"$f":"I31/E31","v":7.1844251529928849E-2},-0.19367282930448135,9.8881287962710604E-2,-0.16320240951196877,7.7950885710399865E-3,-0.19047619047619041,1.4705882352941188E-2,0.14249999999999999]
["ARCBEST CORP","ARCB",778.89879929999995,879.49979929999995,2700.2190000000001,769.5009956054688,136.81899999999999,45.680692307691999,29.730699999999999,{"$f":"F32/E32","v":0.28497725392105927},{"$f":"G32/E32","v":5.0669593836648062E-2},{"$f":"H32/E32","v":1.6917402739441503E-2},{"$f":"I32/E32","v":1.101047729832284E-2},4.4433340011055839E-2,5.4395958253756399E-2,-0.21665737103798555,-2.143842123004315E-2,-0.57894736842105265,0.40107526881720418,0.32835000000000003]
["ROADRUNNER TRANSPORTATION SY","RRTS",345.06293399999998,744.37493399999994,1995.019,352.77500421142571,103.39699999999999,66.135000000000005,27.230550000000001,0.17682789197066578,5.1827576579471166E-2,3.3150060224990341E-2,1.3649268503207239E-2,-3.1608196437970797E-2,-1.003449089958542E-2,6.8793708428654024E-2,-0.2604421842537753,-8.0291970802919777E-2,null,"N.A."]
["MARTEN TRANSPORT LTD","MRTN",1035.742706,1025.684706,671.14400000000001,117.27100122070311,143.62799999999999,49.570000000000007,28.024650000000001,0.17473299503639028,0.2140047441383667,7.3858963203127806E-2,4.1756538090186313E-2,2.942056880464786E-2,3.5545277913532708E-2,3.1982754828208136E-2,2.0739193452127287E-2,-3.738317757009349E-2,-3.2677745098039757E-3,"N.A."]
["P.A.M. TRANSPORTATION SVCS","PTSI",177.59284625789999,304.03484625790003,432.85199999999998,119.26084733581543,53.973138999999996,10.979139,7.7642420000000012,0.27552338290181272,0.12469190161995324,2.536464888691747E-2,1.7937405856967282E-2,2.6277919138107668E-2,0.1287133522940978,-0.13902823145123647,"N.A.",-0.4285714285714286,-0.49089266879453569,"N.A."]
["USA TRUCK INC","USAK",112.38110415,238.71110414999998,429.09899999999999,35.417999759674075,15.645,-10.654492307691999,-10.18394,8.2540392216421093E-2,3.646011759524026E-2,-2.4829916424163188E-2,-2.3733310960873832E-2,-9.6019308195160025E-2,-4.8916450516081128E-3,-0.62943634291754058,-9.603727970288356E-2,"N.A.",-0.26086956521739119,"N.A."]
["YRC WORLDWIDE INC","YRCW",404.73402817000004,1177.5340281700001,4697.5,346.5,255.6,102.2,1.0749999999999975,7.3762639701969127E-2,5.4411921234699304E-2,2.175625332623736E-2,2.2884513038850398E-4,1.8089280033930691E-2,4.1660457690260735E-2,0.1067393844955202,1.6367476240760213E-2,32,-9.8461538461538545E-2,"N.A."]
["CELADON GROUP INC","CGI",147.15690079999999,521.48490079999999,1065.356,102.94299855041507,88.902999999999992,8.4690000000000012,-1.0525999999999995,9.6627792541099003E-2,8.3449100582340549E-2,7.9494553933145366E-3,-9.8802653760808557E-4,2.7386557478940428E-2,-2.5677801598714415E-2,-6.7866967449030688E-2,-0.54159425019542951,-0.42307692307692307,-1.2954545454545456,"N.A."]
["PATRIOT TRANSPORTATION HOLDI","PATI",64.093758800000003,54.686758800000007,120.172,45.075999999999993,17.518999999999998,5.8159999999999998,3.3929,0.37509569616882465,0.14578271144692606,4.8397297207336154E-2,2.8233698365675866E-2,-2.2053677511759309E-2,null,0.16243115917988182,"N.A.",0.70588235294117652,null,"N.A."]
["ECHO GLOBAL LOGISTICS INC","ECHO",562.84492582500002,749.99765682500004,1716.152159,275.65736889550783,36.528551,3.8043950000000004,-7.4261109999999988,0.16062524960265359,2.1285147012421759E-2,2.2168168364609447E-3,-4.3271868179376276E-3,2.7317060289706752E-2,4.7798699299366747E-2,-0.32096169166090099,-0.30037396121883664,-0.7931034482758621,-0.29638554216867469,0.2]
["UNIVERSAL LOGISTICS HOLDINGS","ULH",601.5672080999999,835.64520809999988,1072.751,232.60799771118164,72.350999999999999,32.158999999999999,15.265150000000002,0.21683316791238755,6.7444355679929457E-2,2.9978065739393392E-2,1.4229909829960544E-2,1.6049130766146575E-2,0.1065009494281525,-0.23077917759633504,2.1829446939314764E-2,-0.37956204379562053,-0.1445289108212405,"N.A."]
["COVENANT TRANSPORT GRP-CL A","CVTI",476.21079660000004,668.40579660000003,670.65099999999995,89.806000915527335,97.663000000000011,23.571999999999999,11.392849999999999,0.13390869605134018,0.14562417710552883,3.5147938346472313E-2,1.6987747725717251E-2,-2.6119954588968545E-2,3.7797602627894458E-2,-0.19799371301775143,1.5223587504647093E-2,-0.59913793103448265,-0.21739130434782614,"N.A."]
["Mean",null,null,null,null,null,null,null,null,{"$f":"IFERROR(AVERAGE(J30:J33),\"\")","v":0.24827837348125054},0.13407282108817509,5.7204773994773479E-2,3.5049312868324044E-2,-2.7551712171479538E-2,6.3058754248377535E-2,-7.7151982077552458E-2,-2.8211099648336735E-2,-0.2452343122892941,0.19115919552935434,0.235425]
["Median",null,null,null,null,null,null,null,null,{"$f":"IFERROR(MEDIAN(J30:J33),\"\")","v":0.23723164174397288},9.5095827238229652E-2,5.2350721321467654E-2,2.8671261322522248E-2,6.4125717865425244E-3,7.6638623108233495E-2,-8.0372132850439135E-2,-6.8216663295015828E-3,-0.16084895496660201,0.15769643541791772,0.235425]
[]
["Overall"]
[]
["Mean",null,null,null,null,null,null,null,null,{"$f":"IFERROR(AVERAGE(J17,J26,J43),\"\")","v":0.18777488451088645},0.12010669693757081,6.4264807257830361E-2,3.9071809303646794E-2,2.7255801216519642E-2,5.7571090021279081E-2,0.14060478752465241,-8.6590153006382582E-3,-0.13756037131118778,0.12271339673055608,0.18229416666666667]
["Median",null,null,null,null,null,null,null,null,{"$f":"IFERROR(MEDIAN(J18,J27,J44),\"\")","v":0.16981633957579231},0.10097985281037311,5.2350721321467654E-2,3.16892314299939E-2,2.528214617601568E-2,7.6638623108233495E-2,-8.0372132850439135E-2,-6.8216663295015828E-3,-0.16084895496660201,0.12526323218066335,0.13700000000000001]
[]
["High",null,null,null,null,null,null,null,null,{"$f":"IFERROR(MIN(J12:J15,J21:J24,J30:J33),\"\")","v":8.9043232304376913E-2},5.0669593836648062E-2,1.6917402739441503E-2,1.101047729832284E-2,-0.19367282930448135,-0.16185396216858317,-0.21665737103798555,-0.2604421842537753,-0.57894736842105265,-0.26878688524590155,9.2000000000000012E-2]
["Low",null,null,null,null,null,null,null,null,{"$f":"IFERROR(MAX(J12:J15,J21:J24,J30:J33),\"\")","v":0.34182231846639066},0.295430036039593,0.1072002505967171,7.1844251529928849E-2,0.13583435136932293,0.13020064113931903,2.3645554564377047,0.16124111831943153,4.0650406504065019E-2,0.91400000000000015,0.41133000000000003]

{"sheet":"P2","index":2,"n_rows":53,"n_cols":16,"rows_kept":53,"cut":false,"hidden":false,"merged":[[4,2,4,3],[4,14,4,15],[4,11,4,13],[4,8,4,10],[4,4,4,7]]}
[{"$f":"A9","v":"OLD DOMINION FREIGHT LINE"}]
["Benchmarking Analysis - Financial Statistics and Ratios, Page 2"]
["($ in millions, except per share data)"]
[]
[null,null,"Market Valuation",null,"Return on Investment",null,null,null,"LTM Leverage Ratios",null,null,"LTM Coverage Ratios",null,null,"Credit Ratings"]
[null,null,null,null,null,null,null,"Implied","Debt /","Debt /","Net Debt /","EBITDA /","EBITDA","EBIT /"]
[null,null,null,"Predicted",null,null,null,"Div. Yield","Tot.","EBITDA","EBITDA","Int. Exp.","- Cpx/ Int.","Int. Exp."]
["Company","Ticker","FYE","Beta","ROIC (%)","ROE (%)","ROA (%)","(%)","Cap. (%)","(x)","(x)","(x)","(x)","(x)","Moody's","S&P"]
["OLD DOMINION FREIGHT LINE","ODFL","12/2016",1.1542706261935818,0.16806243998799839,0.1704537908727736,0.11574618181818183,0,5.3664551438987032E-2,0.13217280968784959,8.5101202633438899E-2,102.16894146193511,38.786927509857456,111.68859649122807]
[]
["Tier I: Large-Cap"]
["C.H. ROBINSON WORLDWIDE INC","CHRW","12/2016",0.65962720181306711,0.17884557019674113,0.37267158144772705,0.1324633535198215,2.8688257219970977E-2,0.49642752338313761,1.5611967003142171,1.2433942882536817]
["HUNT (JB) TRANSPRT SVCS INC","JBHT","12/2016",1.0579607736326393,0.14724294347805214,0.29296761383145503,0.10753249295952154,8.9566930479018612E-3,0.41089112829479502,1.0377623461366634,1.0303895336100568,42.797896734403416,17.557523523365226,28.5055744445323,"Baa1","BBB+"]
[]
[]
[]
["Mean",null,null,{"$f":"IFERROR(AVERAGE(D12:D15),\"\")","v":0.8587939877228532},0.16304425683739665,0.33281959763959101,0.11999792323967151,1.8822475133936419E-2,0.45365932583896629,1.2994795232254401,1.1368919109318694,42.797896734403416,17.557523523365226,28.5055744445323]
["Median",null,null,{"$f":"IFERROR(MEDIAN(D12:D15),\"\")","v":0.8587939877228532},0.16304425683739665,0.33281959763959101,0.11999792323967151,1.8822475133936419E-2,0.45365932583896629,1.2994795232254401,1.1368919109318694,42.797896734403416,17.557523523365226,28.5055744445323]
[]
["Tier II: Mid-Cap"]
["XPO LOGISTICS INC","XPO","12/2016",1.9132949889754913,2.5043548159615067E-2,3.9164585369385017E-2,9.6953477107978754E-3,0,0.61576603926330697,4.0743559718969555,3.8306289729006364,3.133481030185544,1.7947936859595679,1.3517031293270563,"B1","BB-"]
["LANDSTAR SYSTEM INC","LSTR","12/2016",0.91441612824561724,0.20123757385368152,0.26337593573948836,0.13595419096085831,3.6791007216541867E-3,0.24341386003859924,0.55867674527200561,-0.43824786948400668,68.27807063784924,62.309435951502373,58.843173431734321]
["KNIGHT-SWIFT TRANSPORTATION","KNX","12/2016",0.95848380677057132,4.2980647234791627E-2,0.1601332202009334,3.951484407540224E-2,0,0.63007647138774903,2.0107217814784502,1.9185973821753337,16.639845741551735,8.8143015883391058,7.3598928034512063]
["WERNER ENTERPRISES INC","WERN","12/2016",1.0631164756132359,-0.11503501679291386,8.0182847654695064E-2,4.6247284087485199E-2,7.3855247051526247E-3,0.1532192644283602,0.21763353994010726,0.15202428209949626,130.3057819169577,-78.401241753977487,48.921226232052774]
[]
["Mean",null,null,{"$f":"IFERROR(AVERAGE(D21:D24),\"\")","v":1.2123278499012291},3.8556688113793584E-2,0.13571414724112546,5.7852916708635904E-2,2.766156356701703E-3,0.4106189087795038,1.7153470096468795,1.365750691922865,54.589294831636053,-1.3706776320441101,29.118998899141339]
["Median",null,null,{"$f":"IFERROR(MEDIAN(D21:D24),\"\")","v":1.0108001411919036},3.4012097697203349E-2,0.12015803392781424,4.2881064081443723E-2,1.8395503608270934E-3,0.4295899496509531,1.2846992633752279,1.0353108321374149,42.458958189700482,5.3045476371493372,28.140559517751992]
[]
["Tier III: Small-Cap"]
["SAIA INC","SAIA","12/2016",0.98337600027936045,9.1891229487566839E-2,0.10970742759978373,6.0098223132344621E-2,0,0.13253076953465906,0.88003131784049271,0.8776646855759993,35.360946745562124,8.1954938552571637,18.010013654984068]
["HEARTLAND EXPRESS INC","HTLD","12/2016",0.93033615923738777,7.8677232844612532E-2,0.10701976572856249,7.271891987096421E-2,3.4797738493456739E-3,0,0,-0.94594654296443559]
["ARCBEST CORP","ARCB","12/2016",1.6520160850662577,4.647968498503359E-2,3.8348060183813384E-2,1.7641744062170697E-2,1.056105637153289E-2,0.28920208409983744,1.8807183212857863,0.73528530394170388,25.635533980582522,12.37902912621359,5.625242718446601]
["ROADRUNNER TRANSPORTATION SY","RRTS","12/2015",1.5764345163103726,-0.15404525028222904,4.0621044555108669E-2,1.860444295226904E-2,0,0.42390093425989067,3.9090108997359696,3.8619302300840452,6.7534852615875307,3.9313750707340911,4.9731467668089921]
["MARTEN TRANSPORT LTD","MRTN","12/2016",1.1288234730966531,0.10596177197845291,7.8013364894100198E-2,5.2529003035111786E-2,3.1578941052632843E-3,1.7712432393581657E-2,0,-7.0028128220124219E-2]
["P.A.M. TRANSPORTATION SVCS","PTSI","12/2016",1.6926823320300755,6.3530129432883567E-2,8.632108304794521E-2,2.1673951919214177E-2,0,0.63973139982016791,2.8044876174424473,2.3426838301919042,16.215874759681405,-7.4391650645427072,5.4732216424059326]
["USA TRUCK INC","USAK","12/2016",1.9809603023455158,-4.5264744951434011E-2,-0.20303846853250898,-4.3716274897845867E-2,0,0.71748543041877288,8.0853946947906685,8.0747842761265574,7.0604153555695417,-11.741032095657646,-2.3650094398993078]
["YRC WORLDWIDE INC","YRCW","12/2016",2.4021486266138763,9.8605623148964677E-2,"",5.4868179199473074E-5,0,1.7164744362196587,3.8654147104851333,3.0234741784037555,2.7475822050290137,1.774661508704062,1.2021276595744681,"B3","B-"]
["CELADON GROUP INC","CGI","06/2016",1.9554919096749539,2.7112741679770926E-2,6.743093821497884E-3,2.3113745007789042E-3,1.5384615948919735E-2,0.54195403611568271,4.2795631193548029,4.2105215796992237,9.5557488763230403,3.205379150355228,3.7846889952153111]
["PATRIOT TRANSPORTATION HOLDI","PATI","09/2016",0.59549994888038937,0.10774904526206162,0.14060728545373885,9.0681502086230867E-2,0,0,0,-0.34277070609053029,134.76153846153844,46.276923076923062,59.92307692307692]
["ECHO GLOBAL LOGISTICS INC","ECHO","12/2016",1.2412402468914956,1.973930250056205E-2,-2.1277017849019413E-2,-9.7471143911315363E-3,0,0.36239813296644985,5.6718208723910237,5.1234644100720015,2.245629163446218,-1.0501072061481729,-1.3318810503784549E-2]
["DASEKE INC","DSKE","12/2016",0.33943496530571221,-2.1231342933972987E-3,-0.12451611660707065,-3.7721611958757825E-2,5.0295856285235516E-2,0]
["UNIVERSAL LOGISTICS HOLDINGS","ULH","12/2016",1.7725616183813249,5.8830584794657366E-2,0.10032282264443002,2.6073868609017239E-2,1.3238770924358883E-2,0.6389656664002874,3.4586114912026096,3.2353111912758634,10.075248003871279,-1.702032421969514,5.6351318654730216]
["COVENANT TRANSPORT GRP-CL A","CVTI","12/2016",1.5239441336811206,4.6137596614505838E-2,4.5343732629542589E-2,1.7215035904815476E-2,0,0.4774549762614162,2.1593233875674511,1.9679407759335672,12.654266958424508,-1.0576221735959139,3.9444444444444442]
["Mean",null,null,{"$f":"IFERROR(AVERAGE(D30:D41),\"\")","v":1.3732037138110043},3.6526135982737358E-2,2.3504502026904673E-2,2.0427419040879049E-2,6.9065997133580916E-3,0.40344913798572507,2.8524037775751201,2.4446421015290998,26.704083867702202,6.1702841579820751,10.734798901123245]
["Median",null,null,{"$f":"IFERROR(MEDIAN(D30:D41),\"\")","v":1.4088373816009341},5.5004907208958578E-2,4.0621044555108669E-2,1.812309350721987E-2,0,0.32580010853314367,2.8044876174424473,2.3426838301919042,9.5557488763230403,3.205379150355228,4.9731467668089921]
[]
["Overall"]
[]
["Mean",null,null,{"$f":"IFERROR(AVERAGE(D17,D26,D44),\"\")","v":1.1481085171450289},7.9375693644642531E-2,0.16401274896920706,6.6092752996395485E-2,9.4984104013320705E-3,0.42257579086806502,1.9557434368158131,1.6490949014612781,41.363758477913883,7.4523766831010638,22.786457414932297]
["Median",null,null,{"$f":"IFERROR(MEDIAN(D18,D27,D45),\"\")","v":1.0108001411919036},5.5004907208958578E-2,0.12015803392781424,4.2881064081443723E-2,1.8395503608270934E-3,0.4295899496509531,1.2994795232254401,1.1368919109318694,42.458958189700482,5.3045476371493372,28.140559517751992]
[]
["High",null,null,{"$f":"IFERROR(MIN(D12:D15,D21:D24,D30:D41),\"\")","v":0.33943496530571221},-0.15404525028222904,-0.20303846853250898,-4.3716274897845867E-2,0,0,0,-0.94594654296443559,2.245629163446218,-78.401241753977487,-2.3650094398993078]
["Low",null,null,{"$f":"IFERROR(MAX(D12:D15,D21:D24,D30:D41),\"\")","v":2.4021486266138763},0.20123757385368152,0.37267158144772705,0.13595419096085831,5.0295856285235516E-2,1.7164744362196587,8.0853946947906685,8.0747842761265574,134.76153846153844,62.309435951502373,59.92307692307692]

{"sheet":"CCA","index":3,"n_rows":52,"n_cols":21,"rows_kept":52,"cut":false,"hidden":false,"merged":[[4,17,4,19],[4,6,4,14]]}
[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Comparable Companies Analysis"]
["($ in millions, except per share data)"]
[]
[null,null,"Current","% of",null,null,"Enterprise Value /",null,null,null,null,null,null,null,null,"LTM","Total","Price /",null,null,"LT"]
[null,null,"Share","52-wk.","Equity","Enterprise","LTM",{"$f":"YEAR('P2'!$C$12)+1&\"E\"","v":"2017E"},{"$f":"YEAR('P2'!$C$12)+2&\"E\"","v":"2018E"},"LTM",{"$f":"YEAR('P2'!$C$12)+1&\"E\"","v":"2017E"},{"$f":"YEAR('P2'!$C$12)+2&\"E\"","v":"2018E"},"LTM",{"$f":"YEAR('P2'!$C$12)+1&\"E\"","v":"2017E"},{"$f":"YEAR('P2'!$C$12)+2&\"E\"","v":"2018E"},"EBITDA","Debt /","LTM",{"$f":"YEAR('P2'!$C$12)+1&\"E\"","v":"2017E"},{"$f":"YEAR('P2'!$C$12)+2&\"E\"","v":"2018E"},"EPS"]
["Company","Ticker","Price","High","Value","Value","Sales","Sales","Sales","EBITDA","EBITDA","EBITDA","EBIT","EBIT","EBIT","Margin","EBITDA","EPS","EPS","EPS","Growth"]
["OLD DOMINION FREIGHT LINE","ODFL",107.76,0.97564508827523766,8877.9338947200013,8939.1008947200007,{"$f":"F8/'P1'!E9","v":2.9881497897956124},2.7353429910403917,2.5208970374280883,{"$f":"F8/'P1'!G9","v":12.43690611935066},11.700393841256545,10.541392564528303,{"$f":"F8/'P1'!H9","v":17.204077227363008},15.962680169142859,14.279713889329075,{"$f":"'P1'!K9","v":0.24026472187856526},0.13217280968784959,27.986594207697216,25.953757225433527,22.70065304402781,{"$f":"'P1'!T9","v":0.12825}]
[]
["Tier I: Large-Cap"]
["C.H. ROBINSON WORLDWIDE INC","CHRW",77.034999999999997,0.94917447018235579,10814.640748379999,11883.458748379999,{"$f":"F11/'P1'!E12","v":0.90406918501267408},0.82524019085972211,0.77715379951474717,{"$f":"F11/'P1'!G12","v":13.824453492020096},14.121757276743908,12.826183214657311,{"$f":"F11/'P1'!H12","v":15.155617103492428},15.771013601035168,14.265856840792315,{"$f":"'P1'!K12","v":6.5396377913566769E-2},1.5611967003142171,22.371401448981789,23.550901864873126,21.315716657443275,{"$f":"'P1'!T12","v":9.2000000000000012E-2}]
["HUNT (JB) TRANSPRT SVCS INC","JBHT",101.6,0.90730487587069109,11118.642024799999,12195.736024799999,{"$f":"F12/'P1'!E13","v":1.8603939136527281},1.7138471086003371,1.549353493590802,{"$f":"F12/'P1'!G13","v":11.666909995436834},11.659403465391968,10.062488469306929,{"$f":"F12/'P1'!H13","v":18.340280049927063},18.339452668872177,15.235148063460336,{"$f":"'P1'!K13","v":0.15945900965897278},1.0377623461366634,26.483112577503142,27.392828255594498,22.846863053744094,{"$f":"'P1'!T13","v":0.13450000000000001}]
[]
[]
[]
["Mean",null,null,null,null,null,{"$f":"AVERAGE(G11:G14)","v":1.3822315493327011},{"$f":"AVERAGE(H11:H14)","v":1.2695436497300296},1.1632536465527745,12.745681743728465,12.890580371067937,11.44433584198212,16.747948576709746,17.055233134953674,14.750502452126327,{"$f":"IFERROR(AVERAGE(P11:P14),\"\")","v":0.11242769378626977},1.2994795232254401,24.427257013242468,25.47186506023381,22.081289855593685,0.11325000000000002]
["Median",null,null,null,null,null,{"$f":"MEDIAN(G11:G14)","v":1.3822315493327011},{"$f":"MEDIAN(H11:H14)","v":1.2695436497300296},1.1632536465527745,12.745681743728465,12.890580371067937,11.44433584198212,16.747948576709746,17.055233134953674,14.750502452126327,{"$f":"IFERROR(MEDIAN(P11:P14),\"\")","v":0.11242769378626977},1.2994795232254401,24.427257013242468,25.47186506023381,22.081289855593685,0.11325000000000002]
[]
["Tier II: Mid-Cap"]
["XPO LOGISTICS INC","XPO",66.5,0.96432714617169379,7835.5733714999997,12826.273371499999,{"$f":"F20/'P1'!E21","v":0.87734608612528553},0.85788732335629725,0.81225212915584821,{"$f":"F20/'P1'!G21","v":10.727896764386083},9.3965372684981681,8.0164208571874997,{"$f":"F20/'P1'!H21","v":19.744878958589901},18.656397631272725,14.157034626379691,{"$f":"'P1'!K21","v":8.1781742068757948E-2},4.0743559718969555,40.965176519869651,34.743991640543364,23.465067043048695,{"$f":"'P1'!T21","v":0.41133000000000003}]
["LANDSTAR SYSTEM INC","LSTR",97.85,0.95416869819600192,4104.5133628999993,3984.3843628999994,{"$f":"F21/'P1'!E22","v":1.2572462535214644},1.1432953695552366,1.0704955300644814,{"$f":"F21/'P1'!G22","v":14.535607207637753},14.054265830335094,12.608811274999997,{"$f":"F21/'P1'!H22","v":17.020955298243813},16.464398193801649,15.035412690188677,{"$f":"'P1'!K22","v":8.6494236915045611E-2},0.55867674527200561,28.469495734702434,27.097756854057046,23.883329265316082,{"$f":"'P1'!T22","v":0.1075}]
["KNIGHT-SWIFT TRANSPORTATION","KNX",38.840000000000003,0.87379077615298095,6897.3250017200007,7790.536001720001,{"$f":"F22/'P1'!E23","v":1.9324080741120528},3.0431781256718753,1.4312945070218632,{"$f":"F22/'P1'!G23","v":16.735809378970188},15.818347211614215,9.2086713968321519,{"$f":"F22/'P1'!H23","v":44.135513340131666},32.733344545042023,14.400251389500927,{"$f":"'P1'!K23","v":0.11546546870570061},2.0107217814784502,34.367668610306417,31.347861178369651,21.857062464828363,{"$f":"'P1'!T23","v":0.16300000000000001}]
["WERNER ENTERPRISES INC","WERN",33.85,0.91486486486486496,2446.4462967500003,2498.8362967500002,{"$f":"F23/'P1'!E24","v":1.2438265262263495},1.1890727084225554,1.1235774715602518,{"$f":"F23/'P1'!G24","v":7.2510745199004116},6.9028626982044203,6.1929028420074355,{"$f":"F23/'P1'!H24","v":21.409727085207557},17.353029838541669,13.959979311452516,{"$f":"'P1'!K24","v":0.17153685606356622},0.21763353994010726,33.565264336752421,27.254428341384866,22.080887149380299,{"$f":"'P1'!T24","v":0.111}]
[]
["Mean",null,null,null,null,null,{"$f":"AVERAGE(G20:G23)","v":1.3277067349962879},{"$f":"AVERAGE(H20:H23)","v":1.5583583817514912},1.1094049094506113,12.312596967723609,11.543003252162976,9.0067015927567713,25.577768670543236,21.301792552164518,14.388169504380453,{"$f":"IFERROR(AVERAGE(P20:P23),\"\")","v":0.11381957593826759},1.7153470096468795,34.341901300407734,30.111009503588733,22.821586480643361,0.19820750000000001]
["Median",null,null,null,null,null,{"$f":"MEDIAN(G20:G23)","v":1.2505363898739068},{"$f":"MEDIAN(H20:H23)","v":1.166184038988896},1.0970365008123666,12.631751986011917,11.725401549416631,8.6125461270098249,20.577303021898729,18.004713734907199,14.278643007940309,{"$f":"IFERROR(MEDIAN(P20:P23),\"\")","v":0.10097985281037311},1.2846992633752279,33.966466473529422,29.301144759877261,22.772977096214497,0.13700000000000001]
[]
["Tier III: Small-Cap"]
["SAIA INC","SAIA",56.45,0.89532117367168917,1436.6750235500001,1584.6440235500002,{"$f":"F29/'P1'!E30","v":1.3005077826818803},1.1729415422279794,1.0671003525589227,{"$f":"F29/'P1'!G30","v":9.3991721149625747},8.7549393566298352,7.4747359601415102,{"$f":"F29/'P1'!H30","v":18.175858225706556},16.795379157922628,13.316336332352943,{"$f":"'P1'!K30","v":0.13836407789698812},0.88003131784049271,27.364390306335476,26.073903002309471,20.445490764215865,{"$f":"'P1'!T30","v":"N.A."}]
["HEARTLAND EXPRESS INC","HTLD",22.99,0.91175887368629782,1915.1265900799999,1743.83459008,{"$f":"F30/'P1'!E31","v":2.8450470278022046},2.6302180845852186,2.1555433746353523,{"$f":"F30/'P1'!G31","v":9.6301888120167867},9.1300240318324608,7.5490674895238099,{"$f":"F30/'P1'!H31","v":26.539555756312115},20.300751921769496,15.296794649824561,{"$f":"'P1'!K31","v":0.295430036039593},0,43.516281735499298,33.318840579710141,26.154721274175198,{"$f":"'P1'!T31","v":0.14249999999999999}]
["ARCBEST CORP","ARCB",30.3,0.8846715328467154,778.89879929999995,879.49979929999995,{"$f":"F31/'P1'!E32","v":0.32571424736289906},0.30789420595133904,0.29045568008586525,{"$f":"F31/'P1'!G32","v":6.4281992946886035},5.4627316726708068,4.7798902135869561,{"$f":"F31/'P1'!H32","v":19.2532064395159},14.219883578011316,10.274530365654204,{"$f":"'P1'!K32","v":5.0669593836648062E-2},1.8807183212857863,27.023724009340171,23.254029163468921,16.889632107023413,{"$f":"'P1'!T32","v":0.32835000000000003}]
["ROADRUNNER TRANSPORTATION SY","RRTS",9,0.75757575757575757,345.06293399999998,744.37493399999994,{"$f":"F32/'P1'!E33","v":0.37311671417665693},0.37689870075949367,0.37107424426719837,{"$f":"F32/'P1'!G33","v":7.1991927618789715},7.8026722641509423,6.3082621525423725,{"$f":"F32/'P1'!H33","v":11.255385711045587},11.87200851674641,9.7176884334203635,{"$f":"'P1'!K33","v":5.1827576579471166E-2},3.9090108997359696,12.661094847075075,"#N/A N/A",14.128728414442699,{"$f":"'P1'!T33","v":"N.A."}]
["MARTEN TRANSPORT LTD","MRTN",19,0.89834515366430268,1035.742706,1025.684706,{"$f":"F33/'P1'!E34","v":1.5282632430596117},1.4652638657142858,1.3594230695825049,{"$f":"F33/'P1'!G34","v":7.1412587100008365},7.1228104583333334,6.4711968832807569,{"$f":"F33/'P1'!H34","v":20.691642243292311},17.915890061135372,15.240485973254087,{"$f":"'P1'!K34","v":0.2140047441383667},0,37.116573758040616,31.147540983606557,25.333333333333332,{"$f":"'P1'!T34","v":"N.A."}]
["P.A.M. TRANSPORTATION SVCS","PTSI",28.0001,0.97802251539506724,177.59284625789999,304.03484625790003,{"$f":"F34/'P1'!E35","v":0.70239907926473721},0.70378436633773156,0.67563299168422231,{"$f":"F34/'P1'!G35","v":5.6330769692290836},5.6512053207788107,4.6631111389248465,{"$f":"F34/'P1'!H35","v":27.692048188651224},26.209900539474141,19.365276831713377,{"$f":"'P1'!K35","v":0.12469190161995324},2.8044876174424473,23.303296474414239,32.941294117647061,23.333416666666668,{"$f":"'P1'!T35","v":"N.A."}]
["USA TRUCK INC","USAK",13.545,0.90967092008059092,112.38110415,238.71110414999998,{"$f":"F35/'P1'!E36","v":0.55630776149559891},0.55904239847775172,0.51280580912996776,{"$f":"F35/'P1'!G36","v":15.257980450623201},9.1111108454198462,5.8651376941031934,{"$f":"F35/'P1'!H36","v":-22.404737575122443},-101.57919325531914,21.313491441964281,{"$f":"'P1'!K36","v":3.646011759524026E-2},8.0853946947906685,"#N/A N/A","#N/A N/A",22.574999999999999,{"$f":"'P1'!T36","v":"N.A."}]
["YRC WORLDWIDE INC","YRCW",12.07,0.71125515615792578,404.73402817000004,1177.5340281700001,{"$f":"F36/'P1'!E37","v":0.25067249136136244},0.24021502002651979,0.22798335492158761,{"$f":"F36/'P1'!G37","v":4.6069406422926447},4.1172518467482515,3.4131421106376814,{"$f":"F36/'P1'!H37","v":11.521859375440313},8.6583384424264711,7.0091311200595241,{"$f":"'P1'!K37","v":5.4411921234699304E-2},3.8654147104851333,1367.2405635278817,20.597269624573382,7.6392405063291138,{"$f":"'P1'!T37","v":"N.A."}]
["CELADON GROUP INC","CGI",5.2,0.53333333333333333,147.15690079999999,521.48490079999999,{"$f":"F37/'P1'!E38","v":0.4894935597114955},0.50191039538017324,0.48330389323447637,{"$f":"F37/'P1'!G38","v":5.8657739423866468},8.6338559735099345,5.7718306674045374,{"$f":"F37/'P1'!H38","v":61.575735128114289},-162.96403149999998,28.971383377777777,{"$f":"'P1'!K38","v":8.3449100582340549E-2},4.2795631193548029,"#N/A N/A","#N/A N/A",27.659574468085108,{"$f":"'P1'!T38","v":"N.A."}]
["PATRIOT TRANSPORTATION HOLDI","PATI",19.399999999999999,0.71012068391210603,64.093758800000003,54.686758800000007,{"$f":"F38/'P1'!E39","v":0.45507072196518333},"N.A.","N.A.",{"$f":"F38/'P1'!G39","v":3.1215685141846001},"N.A.","N.A.",{"$f":"F38/'P1'!H39","v":9.4028127235213219},"N.A.","N.A.",{"$f":"'P1'!K39","v":0.14578271144692606},0,18.771619650722343,"#N/A N/A","#N/A N/A",{"$f":"'P1'!T39","v":"N.A."}]
["ECHO GLOBAL LOGISTICS INC","ECHO",19.725000000000001,0.6825259515570935,562.84492582500002,749.99765682500004,{"$f":"F39/'P1'!E40","v":0.43702282043686785},0.41666536490277778,0.37878669536616161,{"$f":"F39/'P1'!G40","v":20.531820625050251},14.792853191814595,12.096736400403227,{"$f":"F39/'P1'!H40","v":197.13979668909246},26.223694294580419,20.833268245138889,{"$f":"'P1'!K40","v":2.1285147012421759E-2},5.6718208723910237,"#N/A N/A",33.775684931506852,21.628289473684212,{"$f":"'P1'!T40","v":0.2}]
["DASEKE INC","DSKE",13.52,0.9467787114845938,589.45238247999998,954.72238247999996,{"$f":"F40/'P1'!E41","v":0.88997575623793401},1.2193133875862068,0.94714522071428564,{"$f":"F40/'P1'!G41","v":13.195704032839906},8.6792943861818177,6.4726941185084748,{"$f":"F40/'P1'!H41","v":29.687564367051213},33.265588239721254,18.980564264015904,{"$f":"'P1'!K41","v":6.7444355679929457E-2},"#N/A N/A","#N/A N/A","#N/A N/A",60.088888888888889,{"$f":"'P1'!T41","v":"N.A."}]
["UNIVERSAL LOGISTICS HOLDINGS","ULH",21.15,0.9425133689839571,601.5672080999999,835.64520809999988,{"$f":"F41/'P1'!E42","v":1.2460209678357297},0.70399764793597297,0.65747065940204552,{"$f":"F41/'P1'!G42","v":8.5564155115038432},9.8195676627497033,7.8834453594339609,{"$f":"F41/'P1'!H42","v":35.450755476836925},19.991512155502388,13.744164606907892,{"$f":"'P1'!K42","v":0.14562417710552883},3.4586114912026096,39.519265630253393,28.972602739726025,18.799999999999997,{"$f":"'P1'!T42","v":"N.A."}]
["COVENANT TRANSPORT GRP-CL A","CVTI",26.04,0.88032454361054768,476.21079660000004,668.40579660000003,{"$f":"F42/'P1'!E43","v":{"$error":"#DIV/0!"}},0.96312074438040352,0.90081643746630735,{"$f":"F42/'P1'!G43","v":{"$error":"#DIV/0!"}},6.3355999677725121,5.4341934682926833,{"$f":"F42/'P1'!H43","v":{"$error":"#DIV/0!"}},26.00800764980545,20.072246144144145,{"$f":"'P1'!K43","v":0.13407282108817509},2.1593233875674511,41.929802871204892,36.166666666666664,22.256410256410255,{"$f":"'P1'!T43","v":0.235425}]
["Mean",null,null,null,null,null,{"$f":"AVERAGE(G29:G41)","v":0.87689324410708935},{"$f":"AVERAGE(H29:H41)","v":0.85817874832378749},0.76056044546521573,8.9667147985890736,8.2565264175683613,6.56243751570761,34.306267903804446,-5.7575231540024339,16.171926303506986,0.10995734313600819,2.9029210870440778,177.39075665995136,28.76014564281855,23.723026324737045,{"$f":"[2]!BError(AVERAGE(U29:U41))","v":{"$error":"#NAME?"}}]
["Median",null,null,null,null,null,{"$f":"MEDIAN(G29:G41)","v":0.55630776149559891},{"$f":"MEDIAN(H29:H41)","v":0.6314133824077417},0.58513823426600664,7.1991927618789715,8.656575179845877,6.3897295179115652,20.691642243292311,17.355634609528998,15.268640311539324,8.3449100582340549E-2,3.1315495543225285,27.364390306335476,30.060071861666291,22.101644736842104,{"$f":"[2]!BError(MEDIAN(U29:U41))","v":{"$error":"#NAME?"}}]
[]
["Overall"]
[]
["Mean",null,null,null,null,null,{"$f":"IFERROR(AVERAGE(G11:G14,G20:G23,G29:G41),\"\")","v":1.0249948532654063},{"$f":"IFERROR(AVERAGE(H11:H14,H20:H23,H29:H41),\"\")","v":1.0594814336861931},0.88282512647169897,10.068897038947858,9.5017494867560064,7.6480404579712582,30.620444978160531,2.7904088128075677,15.617599920214348,0.11103048168914297,2.460855562753741,118.84926194451188,28.676352376955066,23.34029119614474,0.18779777777777784]
["Median",null,null,null,null,null,{"$f":"IFERROR(MEDIAN(G11:G14,G20:G23,G29:G41),\"\")","v":0.88997575623793401},{"$f":"IFERROR(MEDIAN(H11:H14,H20:H23,H29:H41),\"\")","v":0.84156375710800968},0.79470296433529763,9.3991721149625747,8.9330251010248407,6.9737150393249925,19.744878958589901,17.634459949838522,14.717832039844801,8.6494236915045611E-2,1.9457200513821182,28.469495734702434,28.182715497660261,22.327943574690149,0.14249999999999999]
[]
["High",null,null,null,null,null,{"$f":"IFERROR(MAX(G11:G14,G20:G23,G29:G41),\"\")","v":2.8450470278022046},{"$f":"IFERROR(MAX(H11:H14,H20:H23,H29:H41),\"\")","v":3.0431781256718753},2.1555433746353523,20.531820625050251,15.818347211614215,12.826183214657311,197.13979668909246,33.265588239721254,28.971383377777777,0.295430036039593,8.0853946947906685,1367.2405635278817,34.743991640543364,60.088888888888889,0.41133000000000003]
["Low",null,null,null,null,null,{"$f":"IFERROR(MIN(G11:G14,G20:G23,G29:G41),\"\")","v":0.25067249136136244},{"$f":"IFERROR(MIN(H11:H14,H20:H23,H29:H41),\"\")","v":0.24021502002651979},0.22798335492158761,3.1215685141846001,4.1172518467482515,3.4131421106376814,-22.404737575122443,-162.96403149999998,7.0091311200595241,2.1285147012421759E-2,0,12.661094847075075,20.597269624573382,7.6392405063291138,9.2000000000000012E-2]

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[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Comparable Companies Analysis"]
[{"$f":"CONCATENATE(\"($ in millions, LTM \",_xll.BDP(\"luv equity\",\"fundamental database date\"),\")\")","v":{"$error":"#NAME?"}}]
[]
[null,null,null,null,null,null,"Implied Range",null,null,"Implied Enterprise Value"]
["Sales","Metric","Multiple Range",null,"Average","Median","Enterprise Value Range",null,null,"Average / Median"]
["LTM",{"$f":"'P1'!E9","v":2991.5169999999998},{"$f":"CCA!G52","v":0.25067249136136244},{"$f":"CCA!G51","v":2.8450470278022046},{"$f":"CCA!G48","v":1.0249948532654063},{"$f":"CCA!G49","v":0.88997575623793401},{"$f":"B7*C7","v":749.89101933986888},"-",{"$f":"B7*D7","v":8511.0065494697665},{"$f":"B7*E7","v":3066.2895284559681},"/",{"$f":"B7*F7","v":2662.3776043736357}]
[{"$f":"YEAR('P2'!$C$12)+1&\"E\"","v":"2017E"},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST SALES MEDIAN\",\"BEST FPERIOD OVERRIDE=1FY\")","v":{"$error":"#NAME?"}},{"$f":"CCA!H52","v":0.24021502002651979},{"$f":"CCA!H51","v":3.0431781256718753},{"$f":"CCA!H48","v":1.0594814336861931},{"$f":"CCA!H49","v":0.84156375710800968},{"$f":"B8*C8","v":{"$error":"#NAME?"}},"-",{"$f":"B8*D8","v":{"$error":"#NAME?"}},{"$f":"B8*E8","v":{"$error":"#NAME?"}},"/",{"$f":"B8*F8","v":{"$error":"#NAME?"}}]
[{"$f":"YEAR('P2'!$C$12)+2&\"E\"","v":"2018E"},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST SALES MEDIAN\",\"BEST FPERIOD OVERRIDE=2FY\")","v":{"$error":"#NAME?"}},{"$f":"CCA!I52","v":0.22798335492158761},{"$f":"CCA!I51","v":2.1555433746353523},{"$f":"CCA!I48","v":0.88282512647169897},{"$f":"CCA!I49","v":0.79470296433529763},{"$f":"B9*C9","v":{"$error":"#NAME?"}},"-",{"$f":"B9*D9","v":{"$error":"#NAME?"}},{"$f":"B9*E9","v":{"$error":"#NAME?"}},"/",{"$f":"B9*F9","v":{"$error":"#NAME?"}}]
[]
[null,null,null,null,null,null,"Implied Range",null,null,"Implied Enterprise Value"]
["EBITDA","Metric","Multiple Range",null,"Average","Median","Enterprise Value",null,null,"Average / Median"]
["LTM",{"$f":"'P1'!G9","v":718.75599999999986},{"$f":"CCA!J52","v":3.1215685141846001},{"$f":"CCA!J51","v":20.531820625050251},{"$f":"CCA!J48","v":10.068897038947858},{"$f":"CCA!J49","v":9.3991721149625747},{"$f":"B13*C13","v":2243.6460989812658},"-",{"$f":"B13*D13","v":14757.369265178615},{"$f":"B13*E13","v":7237.0801601260055},"/",{"$f":"B13*F13","v":6755.7113526620387}]
[{"$f":"YEAR('P2'!$C$12)+1&\"E\"","v":"2017E"},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST EBITDA MEDIAN\",\"BEST FPERIOD OVERRIDE=1FY\")","v":{"$error":"#NAME?"}},{"$f":"CCA!K52","v":4.1172518467482515},{"$f":"CCA!K51","v":15.818347211614215},{"$f":"CCA!K48","v":9.5017494867560064},{"$f":"CCA!K49","v":8.9330251010248407},{"$f":"B14*C14","v":{"$error":"#NAME?"}},"-",{"$f":"B14*D14","v":{"$error":"#NAME?"}},{"$f":"B14*E14","v":{"$error":"#NAME?"}},"/",{"$f":"B14*F14","v":{"$error":"#NAME?"}}]
[{"$f":"YEAR('P2'!$C$12)+2&\"E\"","v":"2018E"},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST EBITDA MEDIAN\",\"BEST FPERIOD OVERRIDE=2FY\")","v":{"$error":"#NAME?"}},{"$f":"CCA!L52","v":3.4131421106376814},{"$f":"CCA!L51","v":12.826183214657311},{"$f":"CCA!L48","v":7.6480404579712582},{"$f":"CCA!L49","v":6.9737150393249925},{"$error":"#NAME?"},"-",{"$error":"#NAME?"},{"$error":"#NAME?"},"/",{"$error":"#NAME?"}]
[]
[null,null,null,null,null,null,"Implied",null,null,"Implied Enterprise Value"]
["EBIT","Metric","Multiple Range",null,"Average","Median","Enterprise Value",null,null,"Average / Median"]
["LTM",{"$f":"'P1'!H9","v":519.59199999999998},{"$f":"CCA!M52","v":-22.404737575122443},{"$f":"CCA!M51","v":197.13979668909246},{"$f":"CCA!M48","v":30.620444978160531},{"$f":"CCA!M49","v":19.744878958589901},{"$f":"B19*C19","v":-11641.32240613302},"-",{"$f":"B19*D19","v":102432.26124127893},{"$f":"B19*E19","v":15910.138247092385},"/",{"$f":"B19*F19","v":10259.281147851643}]
[{"$f":"YEAR('P2'!$C$12)+1&\"E\"","v":"2017E"},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST EBIT MEDIAN\",\"BEST FPERIOD OVERRIDE=1FY\")","v":{"$error":"#NAME?"}},{"$f":"CCA!N52","v":-162.96403149999998},{"$f":"CCA!N51","v":33.265588239721254},{"$f":"CCA!N48","v":2.7904088128075677},{"$f":"CCA!N49","v":17.634459949838522},{"$f":"B20*C20","v":{"$error":"#NAME?"}},"-",{"$f":"B20*D20","v":{"$error":"#NAME?"}},{"$f":"B20*E20","v":{"$error":"#NAME?"}},"/",{"$f":"B20*F20","v":{"$error":"#NAME?"}}]
[{"$f":"YEAR('P2'!$C$12)+2&\"E\"","v":"2018E"},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST EBIT MEDIAN\",\"BEST FPERIOD OVERRIDE=2FY\")","v":{"$error":"#NAME?"}},{"$f":"CCA!O52","v":7.0091311200595241},{"$f":"CCA!O51","v":28.971383377777777},{"$f":"CCA!O48","v":15.617599920214348},{"$f":"CCA!O49","v":14.717832039844801},{"$f":"B21*C21","v":{"$error":"#NAME?"}},"-",{"$f":"B21*D21","v":{"$error":"#NAME?"}},{"$f":"B21*E21","v":{"$error":"#NAME?"}},"/",{"$f":"B21*F21","v":{"$error":"#NAME?"}}]

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[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Precedent Transactions Analysis"]
["($ in millions)"]
[]
[null,null,null,null,null,null,null,"Enterprise Value /",null,null,"LTM","Equity Value /","Premiums Paid"]
["Date",null,null,"Deal","Payment","Equity","Enterprise","LTM","LTM","LTM","EBITDA","LTM","Days Prior to Unaffected"]
["Announced","Acquirer","Target","Attributes","Type","Value","Value","Sales","EBITDA","EBIT","Margin","Net Income",1,7,30]
["2014-07-10","ZF Friedrichshafen AG","ZF TRW Automotive Holdings Corp","Cross Border, Company Takeover","Cash",{"$f":"'D#1'!F15","v":{"$error":"#NAME?"}},{"$f":"'D#1'!F23","v":{"$error":"#NAME?"}},{"$f":"IFERROR(G8/'D#1'!F26,\"\")","v":""},{"$f":"IFERROR(G8/'D#1'!F27,\"\")","v":""},{"$f":"IFERROR(G8/'D#1'!F28,\"\")","v":""},{"$f":"IFERROR('D#1'!F27/'D#1'!F26,\"\")","v":""},{"$f":"IFERROR(F8/'D#1'!F29,\"\")","v":""},{"$f":"'D#1'!G34","v":{"$error":"#NAME?"}},{"$f":"'D#1'!G35","v":{"$error":"#NAME?"}},{"$f":"'D#1'!G36","v":{"$error":"#NAME?"}}]
["2016-11-03","Metaldyne Performance Group Inc","American Axle & Manufacturing Holdings Inc","Company Takeover","Cash & Stock",{"$f":"'D#2'!F15","v":{"$error":"#NAME?"}},{"$f":"'D#2'!F23","v":{"$error":"#NAME?"}},{"$f":"IFERROR(G9/'D#2'!F26,\"\")","v":""},{"$f":"IFERROR(G9/'D#2'!F27,\"\")","v":""},{"$f":"IFERROR(G9/'D#2'!F28,\"\")","v":""},{"$f":"IFERROR('D#2'!F27/'D#2'!F26,\"\")","v":""},{"$f":"IFERROR(F9/'D#2'!F29,\"\")","v":""},{"$f":"'D#2'!G34","v":{"$error":"#NAME?"}},{"$f":"'D#2'!G35","v":{"$error":"#NAME?"}},{"$f":"'D#2'!G36","v":{"$error":"#NAME?"}}]
[null,null,null,null,null,{"$f":"[2]!BError('D#3'!F15)","v":""},{"$f":"[2]!BError('D#3'!F23)","v":""},{"$f":"IFERROR(G10/'D#3'!F26,\"\")","v":""},{"$f":"IFERROR(G10/'D#3'!F27,\"\")","v":""},{"$f":"IFERROR(G10/'D#3'!F28,\"\")","v":""},{"$f":"IFERROR('D#3'!F27/'D#3'!F26,\"\")","v":""},{"$f":"IFERROR(F10/'D#3'!F29,\"\")","v":""},{"$f":"[2]!BError('D#3'!G34)","v":""},{"$f":"[2]!BError('D#3'!G35)","v":""},{"$f":"[2]!BError('D#3'!G36)","v":""}]
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[]
["Mean",null,null,null,null,null,{"$f":"IFERROR(AVERAGE(#REF!,#REF!,G9),\"\")","v":""},{"$f":"AVERAGE(H8:H17)","v":{"$error":"#DIV/0!"}},{"$f":"AVERAGE(I8:I17)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"[2]!BError(AVERAGE(M8:M17))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(AVERAGE(N8:N17))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(AVERAGE(O8:O17))","v":{"$error":"#NAME?"}}]
["Median",null,null,null,null,null,{"$f":"IFERROR(MEDIAN(#REF!,G1,G10),\"\")","v":""},{"$f":"MEDIAN(H8:H17)","v":{"$error":"#NUM!"}},{"$f":"MEDIAN(I8:I17)","v":{"$error":"#NUM!"}},{"$error":"#NUM!"},{"$error":"#NUM!"},{"$error":"#NUM!"},{"$f":"[2]!BError(MEDIAN(M8:M17))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(MEDIAN(N8:N17))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(MEDIAN(O8:O17))","v":{"$error":"#NAME?"}}]
[]
["High",null,null,null,null,null,{"$f":"IFERROR(MIN(#REF!,#REF!,G4:G7),\"\")","v":""},{"$f":"MAX(H8:H17)","v":0},{"$f":"MAX(I8:I17)","v":0},0,0,0,{"$f":"[2]!BError(MAX(M8:M17))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(MAX(N8:N17))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(MAX(O8:O17))","v":{"$error":"#NAME?"}}]
["Low",null,null,null,null,null,{"$f":"IFERROR(MAX(#REF!,#REF!,G4:G7),\"\")","v":""},{"$f":"MIN(H8:H17)","v":0},{"$f":"MIN(I8:I17)","v":0},0,0,0,{"$f":"[2]!BError(MIN(M8:M17))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(MIN(N8:N17))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(MIN(O8:O17))","v":{"$error":"#NAME?"}}]

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[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Implied Valuation Range"]
[{"$f":"CONCATENATE(\"($ in millions, LTM \",_xll.BDP(\"luv equity\",\"fundamental database date\"),\")\")","v":{"$error":"#NAME?"}}]
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[null,null,null,null,null,null,"Implied",null,null,"Implied Enterprise Value"]
["Sales","Metric","Multiple Range",null,"Average","Median","Enterprise Value Range",null,null,"Average / Median"]
["LTM",{"$f":"'P1'!E9","v":2991.5169999999998},{"$f":"PTA!H23","v":0},{"$f":"PTA!H22","v":0},{"$f":"PTA!H19","v":{"$error":"#DIV/0!"}},{"$f":"PTA!H20","v":{"$error":"#NUM!"}},{"$f":"B7*C7","v":0},"-",{"$f":"B7*D7","v":0},{"$f":"B7*E7","v":{"$error":"#DIV/0!"}},"/",{"$f":"B7*F7","v":{"$error":"#NUM!"}}]
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[null,null,null,null,null,null,null,"Implied",null,"Implied Enterprise Value"]
["EBITDA","Metric","Multiple Range",null,"Average","Median","Enterprise Value",null,null,"Average / Median"]
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[null,null,null,null,null,null,null,"Implied",null,"Implied Enterprise Value"]
["EBIT","Metric","Multiple Range",null,"Average","Median","Enterprise Value",null,null,"Average / Median"]
["LTM",{"$f":"'P1'!H9","v":519.59199999999998},{"$f":"PTA!J23","v":0},{"$f":"PTA!J22","v":0},{"$f":"PTA!J19","v":{"$error":"#DIV/0!"}},{"$f":"PTA!J20","v":{"$error":"#NUM!"}},{"$f":"B15*C15","v":0},"-",{"$f":"B15*D15","v":0},{"$f":"B15*E15","v":{"$error":"#DIV/0!"}},"/",{"$f":"B15*F15","v":{"$error":"#NUM!"}}]

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[{"$f":"PTA!D8&\" of \"&PTA!C8&\" by \"&PTA!B8","v":"Cross Border, Company Takeover of ZF TRW Automotive Holdings Corp by ZF Friedrichshafen AG"}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"TRW",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":"Q2"},{"$f":"YEAR(EOMONTH(E33,-3))","v":2014}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,105.6]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":0}]
["     Exchange Ratio",null,null,null,0]
["     Acquirer Share Price",null,null,null,0]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":105.6}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NAME?"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NAME?"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NAME?"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NAME?"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NAME?"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NAME?"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NAME?"}}]
["EBITDA",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NAME?"}}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NAME?"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NAME?"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
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["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":"2014-07-09"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F34-1","v":{"$error":"#NAME?"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-7)","v":"2014-07-01"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F35-1","v":{"$error":"#NAME?"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":"2014-05-29"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NAME?"}},{"$error":"#NAME?"}]

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[{"$f":"PTA!D9&\" of \"&PTA!C9&\" by \"&PTA!B9","v":"Company Takeover of American Axle & Manufacturing Holdings Inc by Metaldyne Performance Group Inc"}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"MPG",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":"Q3"},{"$f":"YEAR(EOMONTH(E33,-3))","v":2016}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,13.5]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":8.5}]
["     Exchange Ratio",null,null,null,0.5]
["     Acquirer Share Price",null,null,null,17]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":22}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NAME?"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NAME?"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NAME?"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NAME?"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NAME?"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NAME?"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NAME?"}}]
["EBITDA",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NAME?"}}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NAME?"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NAME?"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
["Deal Announcement",null,null,null,{"$f":"PTA!A9","v":"2016-11-03"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E33,E33,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F33-1","v":{"$error":"#NAME?"}}]
["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":"2016-11-02"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F34-1","v":{"$error":"#NAME?"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-7)","v":"2016-10-25"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F35-1","v":{"$error":"#NAME?"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":"2016-09-22"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NAME?"}},{"$error":"#NAME?"}]

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[{"$f":"PTA!D10&\" of \"&PTA!C10&\" by \"&PTA!B10","v":" of  by "}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"HAYL",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":{"$error":"#NUM!"}},{"$f":"YEAR(EOMONTH(E33,-3))","v":{"$error":"#NUM!"}}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,15.54]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":0}]
["     Exchange Ratio",null,null,null,0]
["     Acquirer Share Price",null,null,null,0]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":15.54}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NUM!"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NUM!"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NUM!"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NUM!"}}]
["EBITDA",null,null,null,null,{"$f":"[2]!BError(_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\"))","v":""}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
["Deal Announcement",null,null,null,{"$f":"PTA!A10","v":"00:00:00"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E33,E33,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F33-1","v":{"$error":"#NAME?"}}]
["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F34-1","v":{"$error":"#NUM!"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-7)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F35-1","v":{"$error":"#NUM!"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NUM!"}},{"$error":"#NUM!"}]

{"sheet":"D#4","index":10,"n_rows":36,"n_cols":14,"rows_kept":36,"cut":false,"hidden":false,"merged":[]}
[{"$f":"PTA!D11&\" of \"&PTA!C11&\" by \"&PTA!B11","v":" of  by "}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"GLBC",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":{"$error":"#NUM!"}},{"$f":"YEAR(EOMONTH(E33,-3))","v":{"$error":"#NUM!"}}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,0]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":20.510786968087189}]
["     Exchange Ratio",null,null,null,0.89959591965294683]
["     Acquirer Share Price",null,null,null,22.8]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":20.510786968087189}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NUM!"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NUM!"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NUM!"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NUM!"}}]
["EBITDA",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
["Deal Announcement",null,null,null,{"$f":"PTA!A11","v":"00:00:00"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E33,E33,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F33-1","v":{"$error":"#NAME?"}}]
["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F34-1","v":{"$error":"#NUM!"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-7)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F35-1","v":{"$error":"#NUM!"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NUM!"}},{"$error":"#NUM!"}]

{"sheet":"D#5","index":11,"n_rows":36,"n_cols":14,"rows_kept":36,"cut":false,"hidden":false,"merged":[]}
[{"$f":"PTA!D12&\" of \"&PTA!C12&\" by \"&PTA!B12","v":" of  by "}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"PAET",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":{"$error":"#NUM!"}},{"$f":"YEAR(EOMONTH(E33,-3))","v":{"$error":"#NUM!"}}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,0]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":8.6944599999999994}]
["     Exchange Ratio",null,null,null,0.46]
["     Acquirer Share Price",null,null,null,18.901]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":8.6944599999999994}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NUM!"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NUM!"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NUM!"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NUM!"}}]
["EBITDA",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
["Deal Announcement",null,null,null,{"$f":"PTA!A12","v":"00:00:00"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E33,E33,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F33-1","v":{"$error":"#NAME?"}}]
["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F34-1","v":{"$error":"#NUM!"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-7)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F35-1","v":{"$error":"#NUM!"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NUM!"}},{"$error":"#NUM!"}]

{"sheet":"D#6","index":12,"n_rows":36,"n_cols":14,"rows_kept":36,"cut":false,"hidden":false,"merged":[]}
[{"$f":"PTA!D13&\" of \"&PTA!C13&\" by \"&PTA!B13","v":" of  by "}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"HUGH",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":{"$error":"#NUM!"}},{"$f":"YEAR(EOMONTH(E33,-3))","v":{"$error":"#NUM!"}}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,60.7]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":0}]
["     Exchange Ratio",null,null,null,0]
["     Acquirer Share Price",null,null,null,0]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":60.7}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NUM!"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NUM!"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NUM!"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NUM!"}}]
["EBITDA",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
["Deal Announcement",null,null,null,{"$f":"PTA!A13","v":"00:00:00"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E33,E33,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F33-1","v":{"$error":"#NAME?"}}]
["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F34-1","v":{"$error":"#NUM!"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-7)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F35-1","v":{"$error":"#NUM!"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NUM!"}},{"$error":"#NUM!"}]

{"sheet":"D#7","index":13,"n_rows":36,"n_cols":14,"rows_kept":36,"cut":false,"hidden":false,"merged":[]}
[{"$f":"PTA!D14&\" of \"&PTA!C14&\" by \"&PTA!B14","v":" of  by "}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"FRP",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":{"$error":"#NUM!"}},{"$f":"YEAR(EOMONTH(E33,-3))","v":{"$error":"#NUM!"}}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,0]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":16.089199999999998}]
["     Exchange Ratio",null,null,null,0.73]
["     Acquirer Share Price",null,null,null,22.04]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":16.089199999999998}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NUM!"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NUM!"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NUM!"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NUM!"}}]
["EBITDA",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
["Deal Announcement",null,null,null,{"$f":"PTA!A14","v":"00:00:00"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E33,E33,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F33-1","v":{"$error":"#NAME?"}}]
["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F34-1","v":{"$error":"#NUM!"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-8)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F35-1","v":{"$error":"#NUM!"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NUM!"}},{"$error":"#NUM!"}]

{"sheet":"D#8","index":14,"n_rows":36,"n_cols":14,"rows_kept":36,"cut":false,"hidden":false,"merged":[]}
[{"$f":"PTA!D15&\" of \"&PTA!C15&\" by \"&PTA!B15","v":" of  by "}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"RCNI",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":{"$error":"#NUM!"}},{"$f":"YEAR(EOMONTH(E33,-3))","v":{"$error":"#NUM!"}}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,15]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":0}]
["     Exchange Ratio",null,null,null,0]
["     Acquirer Share Price",null,null,null,0]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":15}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NUM!"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NUM!"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NUM!"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NUM!"}}]
["EBITDA",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
["Deal Announcement",null,null,null,{"$f":"PTA!A15","v":"00:00:00"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E33,E33,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F33-1","v":{"$error":"#NAME?"}}]
["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F34-1","v":{"$error":"#NUM!"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-7)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F35-1","v":{"$error":"#NUM!"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NUM!"}},{"$error":"#NUM!"}]

{"sheet":"D#9","index":15,"n_rows":36,"n_cols":14,"rows_kept":36,"cut":false,"hidden":false,"merged":[]}
[{"$f":"PTA!D16&\" of \"&PTA!C16&\" by \"&PTA!B16","v":" of  by "}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"IWA",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":{"$error":"#NUM!"}},{"$f":"YEAR(EOMONTH(E33,-3))","v":{"$error":"#NUM!"}}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,7.9]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":13.870527600000001}]
["     Exchange Ratio",null,null,null,0.80400000000000005]
["     Acquirer Share Price",null,null,null,17.251899999999999]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":21.770527600000001}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NUM!"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NUM!"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NUM!"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NUM!"}}]
["EBITDA",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
["Deal Announcement",null,null,null,{"$f":"PTA!A16","v":"00:00:00"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E33,E33,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F33-1","v":{"$error":"#NAME?"}}]
["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F34-1","v":{"$error":"#NUM!"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-7)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F35-1","v":{"$error":"#NUM!"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NUM!"}},{"$error":"#NUM!"}]

{"sheet":"D#10","index":16,"n_rows":36,"n_cols":14,"rows_kept":36,"cut":false,"hidden":false,"merged":[]}
[{"$f":"PTA!D17&\" of \"&PTA!C17&\" by \"&PTA!B17","v":" of  by "}]
["Deal Analysis"]
["($ in millions, except per share data)"]
["Target Company Ticker",null,null,"ELNK",null,null,null,null,null,null,null,null,"Quarter","Year"]
["Target Company Name",null,null,{"$f":"_xll.BDP(D4&\" Equity\",\"Security Name\")","v":{"$error":"#NAME?"}},null,null,null,null,null,null,null,"Prior Quarter Before Deal Announcement",{"$f":"IF(MONTH(EOMONTH(E33,-3))<=3,\"Q1\",IF(MONTH(EOMONTH(E33,-3))<=6,\"Q2\",IF(MONTH(EOMONTH(E33,-3))<=9,\"Q3\",IF(MONTH(EOMONTH(E33,-3))<=12,\"Q4\"))))","v":{"$error":"#NUM!"}},{"$f":"YEAR(EOMONTH(E33,-3))","v":{"$error":"#NUM!"}}]
[]
["Offer Price per Share"]
["Cash Offer Price per Share",null,null,null,null,0]
["Stock Offer Price per Share",null,null,null,null,{"$f":"E10*E11","v":6.0507}]
["     Exchange Ratio",null,null,null,0.81]
["     Acquirer Share Price",null,null,null,7.47]
["     Offer Price per Share",null,null,null,null,{"$f":"SUM(F8:F9)","v":6.0507}]
[]
["Fully Diluted Shares Outstanding",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["     Implied Equity Value",null,null,null,null,{"$f":"F12*F14","v":{"$error":"#NUM!"}}]
[]
["Implied Enterprise Value"]
["Plus: Total Debt",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"SHORT AND LONG TERM DEBT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["Plus: Preferred Securities",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"BS PFD EQY\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Plus: Noncontrolling Interest",null,null,null,null,{"$f":"IFERROR(_xll.BDP($D$4&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5),0)","v":0}]
["Minus: Financial Subsidiary Adjustment",null,null,null,null,{"$f":"-IF(_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)=\"#N/A N/A\",0,_xll.BDP($D$4&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5))","v":{"$error":"#NUM!"}}]
["Minus: Cash and Cash Equivalents",null,null,null,null,{"$f":"-_xll.BDP($D$4&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=\"&M5,\"EQY FUND YEAR=\"&N5)","v":{"$error":"#NUM!"}}]
["    Implied Enterprise Value",null,null,null,null,{"$f":"F15+SUM(F18:F22)","v":{"$error":"#NUM!"}}]
[]
["Income Statement"]
["Sales",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET SALES\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5)","v":{"$error":"#NUM!"}}]
["EBITDA",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M EBITDA\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["EBIT",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M OPER INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
["Net Income",null,null,null,null,{"$f":"_xll.BDP($D$4&\" Equity\",\"TRAIL 12M NET INC\",\"FUND PER=\"&$M$5,\"EQY FUND YEAR=\"&$N$5,\"FA ADJUSTED=ADJUSTED\")","v":{"$error":"#NUM!"}}]
[]
["Premiums Paid"]
[null,null,null,null,"Date","Stock Price on Day","Premiums Paid"]
["Deal Announcement",null,null,null,{"$f":"PTA!A17","v":"00:00:00"},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E33,E33,\"dts=h\")","v":{"$error":"#NAME?"}},{"$f":"$F$12/F33-1","v":{"$error":"#NAME?"}}]
["1 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-1)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E34,E34,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F34-1","v":{"$error":"#NUM!"}}]
["7 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-7)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E35,E35,\"dts=h\")","v":{"$error":"#NUM!"}},{"$f":"$F$12/F35-1","v":{"$error":"#NUM!"}}]
["30 Day Prior to Announcement",null,null,null,{"$f":"WORKDAY($E$33,-30)","v":{"$error":"#NUM!"}},{"$f":"_xll.BDH($D$4&\" Equity\",\"px last\",E36,E36,\"dts=h\")","v":{"$error":"#NUM!"}},{"$error":"#NUM!"}]

{"sheet":"CAPEX","index":17,"n_rows":17,"n_cols":6,"rows_kept":17,"cut":false,"hidden":false,"merged":[]}
[{"$f":"TS!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Capital Expenditures Adjustments"]
[{"$f":"CONCATENATE(\"$ in millions, fiscal year ending \",_xll.BDP('P1'!B9&\" Equity\",\"CURRENT FULL FISCAL YEAR END\"))","v":{"$error":"#NAME?"}}]
[null,null,null,null,"LTM","Pro Forma"]
[null,{"$f":"IS!B6","v":{"$error":"#NAME?"}},{"$f":"IS!C6","v":{"$error":"#NAME?"}},{"$f":"IS!D6","v":{"$error":"#NAME?"}},{"$f":"IS!E6","v":{"$error":"#NAME?"}},{"$f":"IS!F6","v":{"$error":"#NAME?"}}]
["Sales",{"$f":"IS!B7","v":{"$error":"#NAME?"}},{"$f":"IS!C7","v":{"$error":"#NAME?"}},{"$f":"IS!D7","v":{"$error":"#NAME?"}},{"$f":"IS!E7","v":{"$error":"#NAME?"}},{"$f":"IS!F7","v":{"$error":"#NAME?"}}]
["Capital Expenditures",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"CHG IN FXD & INTANG AST DETAILED\",\"EQY FUND YEAR=\"&B$5)","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"CHG IN FXD & INTANG AST DETAILED\",\"EQY FUND YEAR=\"&C$5)","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"CHG IN FXD & INTANG AST DETAILED\",\"EQY FUND YEAR=\"&D$5)","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"TRAIL 12M CAP EXPEND\")","v":{"$error":"#NAME?"}},{"$f":"-F6*F15","v":{"$error":"#NAME?"}}]
["Depreciation & Amortization",{"$f":"IS!B21","v":{"$error":"#NAME?"}},{"$f":"IS!C21","v":{"$error":"#NAME?"}},{"$f":"IS!D21","v":{"$error":"#NAME?"}},{"$f":"IS!E21","v":{"$error":"#NAME?"}},{"$f":"IS!F21","v":{"$error":"#NAME?"}}]
[]
["Adjustments to Capital Expenditures"]
["Growth CAPEX Estimate",{"$f":"-B7-B8","v":{"$error":"#NAME?"}},{"$f":"-C7-C8","v":{"$error":"#NAME?"}},{"$f":"-D7-D8","v":{"$error":"#NAME?"}},{"$f":"-E7-E8","v":{"$error":"#NAME?"}},{"$f":"-F7-F8","v":{"$error":"#NAME?"}}]
["Adjusted Capital Expenditures",{"$f":"B7+SUM(B11:B11)","v":{"$error":"#NAME?"}},{"$f":"C7+SUM(C11:C11)","v":{"$error":"#NAME?"}},{"$f":"D7+SUM(D11:D11)","v":{"$error":"#NAME?"}},{"$f":"E7+SUM(E11:E11)","v":{"$error":"#NAME?"}},{"$f":"F7+SUM(F11:F11)","v":{"$error":"#NAME?"}}]
[]
["% of sales"]
[{"$f":"IF(A7=\"\",0,A7)","v":"Capital Expenditures"},{"$f":"IF(B7=\"\",\"\",-B7/B$6)","v":{"$error":"#NAME?"}},{"$f":"IF(C7=\"\",\"\",-C7/C$6)","v":{"$error":"#NAME?"}},{"$f":"IF(D7=\"\",\"\",-D7/D$6)","v":{"$error":"#NAME?"}},{"$f":"IF(E7=\"\",\"\",-E7/E$6)","v":{"$error":"#NAME?"}},{"$f":"E15","v":{"$error":"#NAME?"}}]
[{"$f":"IF(A8=\"\",0,A8)","v":"Depreciation & Amortization"},{"$f":"IF(B8=\"\",\"\",B8/B$6)","v":{"$error":"#NAME?"}},{"$f":"IF(C8=\"\",\"\",C8/C$6)","v":{"$error":"#NAME?"}},{"$f":"IF(D8=\"\",\"\",D8/D$6)","v":{"$error":"#NAME?"}},{"$f":"IF(E8=\"\",\"\",E8/E$6)","v":{"$error":"#NAME?"}},{"$f":"E16","v":{"$error":"#NAME?"}}]
["Adjusted Capital Expenditures",{"$f":"IF(B11=\"\",\"\",B11/B$6)","v":{"$error":"#NAME?"}},{"$f":"IF(C11=\"\",\"\",C11/C$6)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$f":"IF(E11=\"\",\"\",E11/E$6)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"}]

{"sheet":"V","index":18,"n_rows":15,"n_cols":9,"rows_kept":15,"cut":false,"hidden":false,"merged":[[0,1,0,3],[8,1,8,3]]}
[null,"Enterprise Value"]
["Method","Pessimistic Valuation","Base Valuation","Optimistic Valuation",null,null,null,"Existing Short-Term Debt",{"$f":"BS!B23","v":{"$error":"#NAME?"}}]
["Comparable Companies Analysis",{"$f":"CCA!L11*'P1'!G9","v":9218.8961426342285},{"$f":"CCA!K11*'P1'!G9","v":10150.097773203343},{"$f":"CCA!J11*'P1'!G9","v":9936.4088941103946},null,null,null,"Existing Long Term Borrowing",{"$f":"BS!B33","v":{"$error":"#NAME?"}}]
["Precedent Transactions Analysis",{"$f":"'V2'!G11","v":0},{"$f":"'V2'!L11","v":{"$error":"#NUM!"}},{"$f":"'V2'!I11","v":0},null,null,null,"Noncontrolling Interest",{"$f":"BS!B37","v":{"$error":"#NAME?"}}]
["Discounted Cash Flow Analysis",5065,5773,6538,null,null,null,"Financial Subsidiary Adjustment",{"$f":"IFERROR(-_xll.BDP('P1'!$B$9&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=Q\"),0)","v":0}]
["Consensus Analyst Target Price",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST TARGET LO\")*'A3'!$L$27+SUM(I2:I4)-SUM(I5:I6)","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST TARGET MEDIAN\")*'A3'!$L$27+SUM(I2:I4)-SUM(I5:I6)","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST TARGET HI\")*'A3'!$L$27+SUM(I2:I4)-SUM(I5:I6)","v":{"$error":"#NAME?"}},null,null,null,"Cash and Marketable Securities",{"$f":"BS!B8","v":{"$error":"#NAME?"}}]
["Median Value Estimate",{"$f":"MEDIAN(B3:B6)","v":{"$error":"#NAME?"}},{"$f":"MEDIAN(C3:C6)","v":{"$error":"#NUM!"}},{"$error":"#NAME?"}]
[]
[null,"Equity Value"]
["Method","Pessimistic Valuation","Base Valuation","Optimistic Valuation"]
["Comparable Companies Analysis",{"$f":"B3-SUM(I2:I4)+SUM(I5:I6)","v":{"$error":"#NAME?"}},{"$f":"C3-SUM(I2:I4)+SUM(I5:I6)","v":{"$error":"#NAME?"}},{"$f":"D3-SUM(I2:I4)+SUM(I5:I6)","v":{"$error":"#NAME?"}}]
["Precedent Transactions Analysis",{"$f":"IF(B4-SUM(I2:I4)+SUM(I5:I6)<0,0,B4-SUM(I2:I4)+SUM(I5:I6))","v":{"$error":"#NAME?"}},{"$f":"C4-SUM(I2:I4)+SUM(I5:I6)","v":{"$error":"#NUM!"}},{"$f":"D4-SUM(I2:I4)+SUM(I5:I6)","v":{"$error":"#NAME?"}}]
["Discounted Cash Flow Analysis",5821,6529,7294]
["Consensus Analyst Target Price",{"$f":"B6-SUM(I2:I4)+SUM(I5:I6)","v":{"$error":"#NAME?"}},{"$f":"C6-SUM(I2:I4)+SUM(I5:I6)","v":{"$error":"#NAME?"}},{"$f":"D6-SUM(I2:I4)+SUM(I5:I6)","v":{"$error":"#NAME?"}}]
["Median Value Estimate",{"$f":"MEDIAN(B11:B14)","v":{"$error":"#NAME?"}},{"$f":"MEDIAN(C11:C14)","v":{"$error":"#NAME?"}},{"$f":"MEDIAN(D11:D14)","v":{"$error":"#NAME?"}}]

{"sheet":"TS","index":19,"n_rows":74,"n_cols":16,"rows_kept":74,"cut":false,"hidden":false,"merged":[[22,1,22,4],[22,6,22,15],[6,0,6,5],[6,6,6,9],[6,10,6,12],[13,13,13,15],[6,13,6,15],[13,10,13,12],[7,3,7,4]]}
[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Leveraged Buyout Analysis"]
[{"$f":"CONCATENATE(\"$ in millions, fiscal year ending \",_xll.BDP('P1'!B9&\" Equity\",\"CURRENT FULL FISCAL YEAR END\"))","v":{"$error":"#NAME?"}}]
[]
["Transaction Summary"]
[]
["Source of Funds",null,null,null,null,null,"Use of Funds",null,null,null,"Purchase Price",null,null,"Return Analysis"]
[null,null,"% of Total","Multiple of EBITDA",null,null,null,null,null,"% of Total","Offer Price per Share",null,{"$f":"'A3'!L20","v":18.729617941405323},"Exit Year",null,{"$f":"RA!K6","v":{"$error":"#NAME?"}}]
[null,"Amount","Sources",{"$f":"_xll.BDP('P1'!B9&\" Equity\",\"CURRENT FULL FISCAL YEAR END\")","v":{"$error":"#NAME?"}},"Cumulative","Pricing",null,null,"Amount","Uses","Fully Diluted Shares",null,{"$f":"'A3'!L27","v":{"$error":"#NAME?"}},"Entry Multiple",null,{"$f":"M19","v":0}]
["Revolving Credit Facility",{"$f":"CHOOSE($P$15,'A3'!B8,'A3'!C8,'A3'!D8,'A3'!E8,'A3'!F8)","v":0},{"$f":"B10/$B$20","v":{"$error":"#NAME?"}},{"$f":"IF(ISERROR(B10/$E$30),0,B10/$E$30)","v":0},{"$f":"D10","v":0},{"$f":"IF(DS!F19*10000=0,\"NA\",DS!F19*10000)","v":250},{"$f":"\"Purchase \"&_xll.BDP('P1'!B9&\" Equity\",\"SHORT NAME\")&\" Equity\"","v":{"$error":"#NAME?"}},null,{"$f":"CHOOSE($P$15,'A3'!B22,'A3'!C22,'A3'!D22,'A3'!E22,'A3'!F22)","v":{"$error":"#NAME?"}},{"$f":"I10/$I$20","v":{"$error":"#NAME?"}},"Equity Purchase Price",null,{"$f":"I10","v":{"$error":"#NAME?"}},"Exit Multiple",null,{"$f":"RA!C10","v":8}]
["Term Loan A",{"$f":"CHOOSE($P$15,'A3'!B9,'A3'!C9,'A3'!D9,'A3'!E9,'A3'!F9)","v":0},{"$error":"#NAME?"},0,{"$f":"E10+D11","v":0},{"$f":"IF(DS!F33*10000=0,\"NA\",DS!F33*10000)","v":"NA"},"Repay Existing ST Debt",null,{"$f":"CHOOSE($P$15,'A3'!B23,'A3'!C23,'A3'!D23,'A3'!E23,'A3'!F23)","v":{"$error":"#NAME?"}},{"$f":"I11/$I$20","v":{"$error":"#NAME?"}},"Plus: Existing Net Debt",null,{"$f":"IF('A3'!$L$4=1,SUM('A3'!L11:L16),-SUM('A3'!L10:L16))","v":{"$error":"#NAME?"}},"IRR",null,{"$f":"RA!K43","v":"NA"}]
["Term Loan B",{"$f":"CHOOSE($P$15,'A3'!B10,'A3'!C10,'A3'!D10,'A3'!E10,'A3'!F10)","v":3289.0476176725624},{"$error":"#NAME?"},0,{"$f":"E11+D12","v":0},{"$f":"IF(DS!F47*10000=0,\"NA\",DS!F47*10000)","v":100},"Repay Existing LT Debt",null,{"$f":"CHOOSE($P$15,'A3'!B24,'A3'!C24,'A3'!D24,'A3'!E24,'A3'!F24)","v":{"$error":"#NAME?"}},{"$f":"I12/$I$20","v":{"$error":"#NAME?"}},"Enterprise Value",null,{"$f":"SUM(M10:M11)","v":{"$error":"#NAME?"}},"Cash Return",null,{"$f":"RA!K28","v":3.9201275194720271}]
["Term Loan C",{"$f":"CHOOSE($P$15,'A3'!B11,'A3'!C11,'A3'!D11,'A3'!E11,'A3'!F11)","v":0},{"$error":"#NAME?"},0,{"$f":"E12+D13","v":0},{"$f":"IF(DS!F61*10000=0,\"NA\",DS!F61*10000)","v":"NA"},"Preferred Securities",null,{"$f":"CHOOSE($P$15,'A3'!B25,'A3'!C25,'A3'!D25,'A3'!E25,'A3'!F25)","v":{"$error":"#NAME?"}},{"$f":"I13/$I$20","v":{"$error":"#NAME?"}}]
["2nd Lien",{"$f":"CHOOSE($P$15,'A3'!B12,'A3'!C12,'A3'!D12,'A3'!E12,'A3'!F12)","v":0},{"$error":"#NAME?"},0,{"$f":"E13+D14","v":0},{"$f":"IF(DS!F103*10000=0,\"NA\",DS!F103*10000)","v":"NA"},"Noncontrolling Interest",null,{"$f":"CHOOSE($P$15,'A3'!B26,'A3'!C26,'A3'!D26,'A3'!E26,'A3'!F26)","v":{"$error":"#NAME?"}},{"$f":"I14/$I$20","v":{"$error":"#NAME?"}},"Transaction Multiples",null,null,"Options"]
["Senior Notes",{"$f":"CHOOSE($P$15,'A3'!B13,'A3'!C13,'A3'!D13,'A3'!E13,'A3'!F13)","v":0},{"$error":"#NAME?"},0,{"$f":"E14+D15","v":0},{"$f":"IF(DS!F115=0,\"NA\",DS!F115)","v":"NA"},"Tender / Call Premiums",null,{"$f":"CHOOSE($P$15,'A3'!B27,'A3'!C27,'A3'!D27,'A3'!E27,'A3'!F27)","v":0},{"$f":"I15/$I$20","v":{"$error":"#NAME?"}},"Enterprise Value / Sales",null,null,"Financing Structure",null,1]
["Senior Subordinated Notes",{"$f":"CHOOSE($P$15,'A3'!B14,'A3'!C14,'A3'!D14,'A3'!E14,'A3'!F14)","v":0},{"$error":"#NAME?"},0,{"$f":"E15+D16","v":0},{"$f":"IF(DS!F126=0,\"NA\",DS!F126)","v":"NA"},"Financing Fees",null,{"$f":"CHOOSE($P$15,'A3'!B28,'A3'!C28,'A3'!D28,'A3'!E28,'A3'!F28)","v":80.058333309269841},{"$error":"#NAME?"},{"$f":"\"LTM \"&E25","v":{"$error":"#NAME?"}},{"$f":"E26","v":{"$error":"#NAME?"}},{"$f":"IF(ISERROR(M12/L16),0,M12/L16)","v":0},"Operating Scenario",null,1]
["Equity Contribution",{"$f":"CHOOSE($P$15,'A3'!B15,'A3'!C15,'A3'!D15,'A3'!E15,'A3'!F15)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},0,0,null,"Other Fees and Expenses",null,{"$f":"CHOOSE($P$15,'A3'!B29,'A3'!C29,'A3'!D29,'A3'!E29,'A3'!F29)","v":15},{"$error":"#NAME?"},{"$f":"F25&\"E\"","v":{"$error":"#NAME?"}},{"$f":"F26","v":{"$error":"#NAME?"}},{"$f":"IF(ISERROR(M12/L17),0,M12/L17)","v":0},"Cash Flow Sweep",null,1]
["Rollover Equity",{"$f":"CHOOSE($P$15,'A3'!B16,'A3'!C16,'A3'!D16,'A3'!E16,'A3'!F16)","v":0},{"$error":"#NAME?"},0,0,null,null,null,null,null,"Enterprise Value / EBITDA",null,null,"Cash Balance",null,1]
["Cash on Hand",{"$f":"CHOOSE($P$15,'A3'!B17,'A3'!C17,'A3'!D17,'A3'!E17,'A3'!F17)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},0,0,null,null,null,null,null,{"$f":"\"LTM \"&E25","v":{"$error":"#NAME?"}},{"$f":"E30","v":{"$error":"#NAME?"}},{"$f":"IF(ISERROR(M12/L19),0,M12/L19)","v":0},"Average Interest",null,1]
["Total Sources",{"$f":"SUM(B10:B19)","v":{"$error":"#NAME?"}},{"$f":"SUM(C10:C19)","v":{"$error":"#NAME?"}},{"$f":"SUM(D10:D19)","v":0},{"$f":"IF(ISERROR(B20/E30),0,B20/E30)","v":0},null,"Total Uses",null,{"$f":"SUM(I10:I19)","v":{"$error":"#NAME?"}},{"$f":"SUM(J10:J19)","v":{"$error":"#NAME?"}},{"$f":"F25&\"E\"","v":{"$error":"#NAME?"}},{"$f":"F30","v":{"$error":"#NAME?"}},{"$f":"IF(ISERROR(M12/L20),0,M12/L20)","v":0},"Financing Fees",null,1]
[]
["Summary Financial Data"]
[null,"Historical Period",null,null,null,null,"Projection Period"]
[null,null,null,null,"LTM","Pro Forma","Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10"]
[null,{"$f":"C25-1","v":{"$error":"#NAME?"}},{"$f":"D25-1","v":{"$error":"#NAME?"}},{"$f":"YEAR(E25)-1","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!B9&\" Equity\",\"MOST RECENT PERIOD END DT\")","v":{"$error":"#NAME?"}},{"$f":"YEAR(E25)","v":{"$error":"#NAME?"}},{"$f":"F25+1","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sales",{"$f":"IS!B7","v":{"$error":"#NAME?"}},{"$f":"IS!C7","v":{"$error":"#NAME?"}},{"$f":"IS!D7","v":{"$error":"#NAME?"}},{"$f":"IS!E7","v":{"$error":"#NAME?"}},{"$f":"IS!F7","v":{"$error":"#NAME?"}},{"$f":"IS!G7","v":{"$error":"#NAME?"}},{"$f":"IS!H7","v":{"$error":"#NAME?"}},{"$f":"IS!I7","v":{"$error":"#NAME?"}},{"$f":"IS!J7","v":{"$error":"#NAME?"}},{"$f":"IS!K7","v":{"$error":"#NAME?"}},{"$f":"IS!L7","v":{"$error":"#NAME?"}},{"$f":"IS!M7","v":{"$error":"#NAME?"}},{"$f":"IS!N7","v":{"$error":"#NAME?"}},{"$f":"IS!O7","v":{"$error":"#NAME?"}},{"$f":"IS!P7","v":{"$error":"#NAME?"}}]
["% growth",{"$f":"IS!B8","v":"N/A"},{"$f":"IS!C8","v":{"$error":"#NAME?"}},{"$f":"IS!D8","v":{"$error":"#NAME?"}},{"$f":"IS!E8","v":"N/A"},{"$f":"IS!F8","v":{"$error":"#NAME?"}},{"$f":"IS!G8","v":{"$error":"#NAME?"}},{"$f":"IS!H8","v":{"$error":"#NAME?"}},{"$f":"IS!I8","v":{"$error":"#NAME?"}},{"$f":"IS!J8","v":{"$error":"#NAME?"}},{"$f":"IS!K8","v":{"$error":"#NAME?"}},{"$f":"IS!L8","v":{"$error":"#NAME?"}},{"$f":"IS!M8","v":{"$error":"#NAME?"}},{"$f":"IS!N8","v":{"$error":"#NAME?"}},{"$f":"IS!O8","v":{"$error":"#NAME?"}},{"$f":"IS!P8","v":{"$error":"#NAME?"}}]
["Gross Profit",{"$f":"IS!B11","v":{"$error":"#NAME?"}},{"$f":"IS!C11","v":{"$error":"#NAME?"}},{"$f":"IS!D11","v":{"$error":"#NAME?"}},{"$f":"IS!E11","v":{"$error":"#NAME?"}},{"$f":"IS!F11","v":{"$error":"#NAME?"}},{"$f":"IS!G11","v":{"$error":"#NAME?"}},{"$f":"IS!H11","v":{"$error":"#NAME?"}},{"$f":"IS!I11","v":{"$error":"#NAME?"}},{"$f":"IS!J11","v":{"$error":"#NAME?"}},{"$f":"IS!K11","v":{"$error":"#NAME?"}},{"$f":"IS!L11","v":{"$error":"#NAME?"}},{"$f":"IS!M11","v":{"$error":"#NAME?"}},{"$f":"IS!N11","v":{"$error":"#NAME?"}},{"$f":"IS!O11","v":{"$error":"#NAME?"}},{"$f":"IS!P11","v":{"$error":"#NAME?"}}]
["% margin",{"$f":"IS!B12","v":{"$error":"#NAME?"}},{"$f":"IS!C12","v":{"$error":"#NAME?"}},{"$f":"IS!D12","v":{"$error":"#NAME?"}},{"$f":"IS!E12","v":{"$error":"#NAME?"}},{"$f":"IS!F12","v":{"$error":"#NAME?"}},{"$f":"IS!G12","v":{"$error":"#NAME?"}},{"$f":"IS!H12","v":{"$error":"#NAME?"}},{"$f":"IS!I12","v":{"$error":"#NAME?"}},{"$f":"IS!J12","v":{"$error":"#NAME?"}},{"$f":"IS!K12","v":{"$error":"#NAME?"}},{"$f":"IS!L12","v":{"$error":"#NAME?"}},{"$f":"IS!M12","v":{"$error":"#NAME?"}},{"$f":"IS!N12","v":{"$error":"#NAME?"}},{"$f":"IS!O12","v":{"$error":"#NAME?"}},{"$f":"IS!P12","v":{"$error":"#NAME?"}}]
["EBITDA",{"$f":"IS!B18","v":{"$error":"#NAME?"}},{"$f":"IS!C18","v":{"$error":"#NAME?"}},{"$f":"IS!D18","v":{"$error":"#NAME?"}},{"$f":"IS!E18","v":{"$error":"#NAME?"}},{"$f":"IS!F18","v":{"$error":"#NAME?"}},{"$f":"IS!G18","v":{"$error":"#NAME?"}},{"$f":"IS!H18","v":{"$error":"#NAME?"}},{"$f":"IS!I18","v":{"$error":"#NAME?"}},{"$f":"IS!J18","v":{"$error":"#NAME?"}},{"$f":"IS!K18","v":{"$error":"#NAME?"}},{"$f":"IS!L18","v":{"$error":"#NAME?"}},{"$f":"IS!M18","v":{"$error":"#NAME?"}},{"$f":"IS!N18","v":{"$error":"#NAME?"}},{"$f":"IS!O18","v":{"$error":"#NAME?"}},{"$f":"IS!P18","v":{"$error":"#NAME?"}}]
["% margin",{"$f":"IS!B19","v":{"$error":"#NAME?"}},{"$f":"IS!C19","v":{"$error":"#NAME?"}},{"$f":"IS!D19","v":{"$error":"#NAME?"}},{"$f":"IS!E19","v":{"$error":"#NAME?"}},{"$f":"IS!F19","v":{"$error":"#NAME?"}},{"$f":"IS!G19","v":{"$error":"#NAME?"}},{"$f":"IS!H19","v":{"$error":"#NAME?"}},{"$f":"IS!I19","v":{"$error":"#NAME?"}},{"$f":"IS!J19","v":{"$error":"#NAME?"}},{"$f":"IS!K19","v":{"$error":"#NAME?"}},{"$f":"IS!L19","v":{"$error":"#NAME?"}},{"$f":"IS!M19","v":{"$error":"#NAME?"}},{"$f":"IS!N19","v":{"$error":"#NAME?"}},{"$f":"IS!O19","v":{"$error":"#NAME?"}},{"$f":"IS!P19","v":{"$error":"#NAME?"}}]
["Capital Expenditures",{"$f":"-CAPEX!B12","v":{"$error":"#NAME?"}},{"$f":"-CAPEX!C12","v":{"$error":"#NAME?"}},{"$f":"-CAPEX!D12","v":{"$error":"#NAME?"}},{"$f":"-CAPEX!E12","v":{"$error":"#NAME?"}},{"$f":"-CAPEX!F12","v":{"$error":"#NAME?"}},{"$f":"-CF!G25","v":{"$error":"#NAME?"}},{"$f":"-CF!H25","v":{"$error":"#NAME?"}},{"$f":"-CF!I25","v":{"$error":"#NAME?"}},{"$f":"-CF!J25","v":{"$error":"#NAME?"}},{"$f":"-CF!K25","v":{"$error":"#NAME?"}},{"$f":"-CF!L25","v":{"$error":"#NAME?"}},{"$f":"-CF!M25","v":{"$error":"#NAME?"}},{"$f":"-CF!N25","v":{"$error":"#NAME?"}},{"$f":"-CF!O25","v":{"$error":"#NAME?"}},{"$f":"-CF!P25","v":{"$error":"#NAME?"}}]
["% sales",{"$f":"IF(ISERROR(B32/B26),0,B32/B26)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Cash Interest Expense",null,null,null,null,{"$f":"IS!F37","v":{"$error":"#NAME?"}},{"$f":"IS!G37","v":81.924851730452346},{"$f":"IS!H37","v":77.491201620123562},{"$f":"IS!I37","v":70.870113365707795},{"$f":"IS!J37","v":62.402385927108305},{"$f":"IS!K37","v":52.397174970629095},{"$f":"IS!L37","v":40.761239440221772},{"$f":"IS!M37","v":27.931657744362589},{"$f":"IS!N37","v":13.407856368860488},{"$f":"IS!O37","v":5.420220563119857},{"$f":"IS!P37","v":5.15}]
["Total Interest Expense",null,null,null,null,{"$f":"IS!F39","v":{"$error":"#NAME?"}},{"$f":"IS!G39","v":91.73688876481566},{"$f":"IS!H39","v":87.303238654486876},{"$f":"IS!I39","v":80.682150400071109},{"$f":"IS!J39","v":72.214422961471627},{"$f":"IS!K39","v":62.209212004992409},{"$f":"IS!L39","v":50.573276474585086},{"$f":"IS!M39","v":34.827028112059239},{"$f":"IS!N39","v":20.303226736557136},{"$f":"IS!O39","v":12.315590930816507},{"$f":"IS!P39","v":5.65}]
[]
["Free Cash Flow"]
["EBITDA",null,null,null,null,null,{"$f":"IS!G18","v":{"$error":"#NAME?"}},{"$f":"IS!H18","v":{"$error":"#NAME?"}},{"$f":"IS!I18","v":{"$error":"#NAME?"}},{"$f":"IS!J18","v":{"$error":"#NAME?"}},{"$f":"IS!K18","v":{"$error":"#NAME?"}},{"$f":"IS!L18","v":{"$error":"#NAME?"}},{"$f":"IS!M18","v":{"$error":"#NAME?"}},{"$f":"IS!N18","v":{"$error":"#NAME?"}},{"$f":"IS!O18","v":{"$error":"#NAME?"}},{"$f":"IS!P18","v":{"$error":"#NAME?"}}]
["Less: Cash Interest Expense",null,null,null,null,null,{"$f":"-IS!G37","v":-81.924851730452346},{"$f":"-IS!H37","v":-77.491201620123562},{"$f":"-IS!I37","v":-70.870113365707795},{"$f":"-IS!J37","v":-62.402385927108305},{"$f":"-IS!K37","v":-52.397174970629095},{"$f":"-IS!L37","v":-40.761239440221772},{"$f":"-IS!M37","v":-27.931657744362589},{"$f":"-IS!N37","v":-13.407856368860488},{"$f":"-IS!O37","v":-5.420220563119857},{"$f":"-IS!P37","v":-5.15}]
["Plus: Interest Income",null,null,null,null,null,{"$f":"-IS!G40","v":{"$error":"#NAME?"}},{"$f":"-IS!H40","v":0},{"$f":"-IS!I40","v":0},{"$f":"-IS!J40","v":0},{"$f":"-IS!K40","v":0},{"$f":"-IS!L40","v":0},{"$f":"-IS!M40","v":0},{"$f":"-IS!N40","v":0},{"$f":"-IS!O40","v":3.346486390540715},{"$f":"-IS!P40","v":10.306273236350483}]
["Less: Income Taxes",null,null,null,null,null,{"$f":"-IS!G44","v":-156.93856828408175},{"$f":"-IS!H44","v":-174.16196143027844},{"$f":"-IS!I44","v":-191.94080480769057},{"$f":"-IS!J44","v":-209.92236108982721},{"$f":"-IS!K44","v":-227.74362793875326},{"$f":"-IS!L44","v":-241.79687946001587},{"$f":"-IS!M44","v":-257.68796743594476},{"$f":"-IS!N44","v":-273.56639500837713},{"$f":"-IS!O44","v":-288.7602387517224},{"$f":"-IS!P44","v":-305.20509798717438}]
["Less: Capital Expenditures",null,null,null,null,null,{"$f":"CF!G25","v":{"$error":"#NAME?"}},{"$f":"CF!H25","v":{"$error":"#NAME?"}},{"$f":"CF!I25","v":{"$error":"#NAME?"}},{"$f":"CF!J25","v":{"$error":"#NAME?"}},{"$f":"CF!K25","v":{"$error":"#NAME?"}},{"$f":"CF!L25","v":{"$error":"#NAME?"}},{"$f":"CF!M25","v":{"$error":"#NAME?"}},{"$f":"CF!N25","v":{"$error":"#NAME?"}},{"$f":"CF!O25","v":{"$error":"#NAME?"}},{"$f":"CF!P25","v":{"$error":"#NAME?"}}]
["Less: Increase in Net Working Capital",null,null,null,null,null,{"$f":"BS!F45","v":{"$error":"#NAME?"}},{"$f":"BS!G45","v":{"$error":"#NAME?"}},{"$f":"BS!H45","v":{"$error":"#NAME?"}},{"$f":"BS!I45","v":{"$error":"#NAME?"}},{"$f":"BS!J45","v":{"$error":"#NAME?"}},{"$f":"BS!K45","v":{"$error":"#NAME?"}},{"$f":"BS!L45","v":{"$error":"#NAME?"}},{"$f":"BS!M45","v":{"$error":"#NAME?"}},{"$f":"BS!N45","v":{"$error":"#NAME?"}},{"$f":"BS!O45","v":{"$error":"#NAME?"}}]
["Free Cash Flow",null,null,null,null,null,{"$f":"G38+SUM(G39:G43)","v":323.11717319424378},348.90108805958437,373.28334464045014,396.57484405615259,418.16865175579125,443.68371395154293,469.67188098554448,498.52891503524825,526.0893201446836,549.55140004092073]
["Cumulative Free Cash Flow",null,null,null,null,null,{"$f":"G44","v":323.11717319424378},{"$f":"H44+G45","v":672.01826125382809},1045.3016058942783,1441.8764499504309,1860.0451017062221,2303.7288156577652,2773.4006966433099,3271.9296116785581,3798.0189318232415,4347.5703318641627]
[]
["Capitalization"]
["Cash",null,null,null,null,{"$f":"BS!E8","v":{"$error":"#NAME?"}},{"$f":"BS!F8","v":0},{"$f":"BS!G8","v":0},{"$f":"BS!H8","v":0},{"$f":"BS!I8","v":0},{"$f":"BS!J8","v":0},{"$f":"BS!K8","v":0},{"$f":"BS!L8","v":0},{"$f":"BS!M8","v":0},{"$f":"BS!N8","v":508.97131415067906},{"$f":"BS!O8","v":1058.5227141915998}]
["Revolving Credit Facility",null,null,null,null,{"$f":"BS!E26","v":0},{"$f":"BS!F26","v":0},{"$f":"BS!G26","v":0},{"$f":"BS!H26","v":0},{"$f":"BS!I26","v":0},{"$f":"BS!J26","v":0},{"$f":"BS!K26","v":0},{"$f":"BS!L26","v":0},{"$f":"BS!M26","v":0},{"$f":"BS!N26","v":0},{"$f":"BS!O26","v":0}]
["Term Loan A",null,null,null,null,{"$f":"BS!E27","v":0},{"$f":"BS!F27","v":0},{"$f":"BS!G27","v":0},{"$f":"BS!H27","v":0},{"$f":"BS!I27","v":0},{"$f":"BS!J27","v":0},{"$f":"BS!K27","v":0},{"$f":"BS!L27","v":0},{"$f":"BS!M27","v":0},{"$f":"BS!N27","v":0},{"$f":"BS!O27","v":0}]
["Term Loan B",null,null,null,null,{"$f":"BS!E28","v":3289.0476176725624},{"$f":"BS!F28","v":2965.9304444783183},{"$f":"BS!G28","v":2617.0293564187341},{"$f":"BS!H28","v":2243.7460117782839},{"$f":"BS!I28","v":1847.171167722131},{"$f":"BS!J28","v":1429.0025159663401},{"$f":"BS!K28","v":985.31880201479714},{"$f":"BS!L28","v":515.64692102925267},{"$f":"BS!M28","v":17.118005994004534},{"$f":"BS!N28","v":0},{"$f":"BS!O28","v":0}]
["Term Loan C",null,null,null,null,{"$f":"BS!E29","v":0},{"$f":"BS!F29","v":0},{"$f":"BS!G29","v":0},{"$f":"BS!H29","v":0},{"$f":"BS!I29","v":0},{"$f":"BS!J29","v":0},{"$f":"BS!K29","v":0},{"$f":"BS!L29","v":0},{"$f":"BS!M29","v":0},{"$f":"BS!N29","v":0},{"$f":"BS!O29","v":0}]
["2nd Lien",null,null,null,null,{"$f":"BS!E30","v":0},{"$f":"BS!F30","v":0},{"$f":"BS!G30","v":0},{"$f":"BS!H30","v":0},{"$f":"BS!I30","v":0},{"$f":"BS!J30","v":0},{"$f":"BS!K30","v":0},{"$f":"BS!L30","v":0},{"$f":"BS!M30","v":0},{"$f":"BS!N30","v":0},{"$f":"BS!O30","v":0}]
["Existing Short & Long-Term Debt",null,null,null,null,{"$f":"BS!E33","v":{"$error":"#NAME?"}},{"$f":"BS!F33","v":{"$error":"#NAME?"}},{"$f":"BS!G33","v":{"$error":"#NAME?"}},{"$f":"BS!H33","v":{"$error":"#NAME?"}},{"$f":"BS!I33","v":{"$error":"#NAME?"}},{"$f":"BS!J33","v":{"$error":"#NAME?"}},{"$f":"BS!K33","v":{"$error":"#NAME?"}},{"$f":"BS!L33","v":{"$error":"#NAME?"}},{"$f":"BS!M33","v":{"$error":"#NAME?"}},{"$f":"BS!N33","v":{"$error":"#NAME?"}},{"$f":"BS!O33","v":{"$error":"#NAME?"}}]
["Other Long-Term Liabilities",null,null,null,null,{"$f":"BS!E34","v":{"$error":"#NAME?"}},{"$f":"BS!F34","v":{"$error":"#NAME?"}},{"$f":"BS!G34","v":{"$error":"#NAME?"}},{"$f":"BS!H34","v":{"$error":"#NAME?"}},{"$f":"BS!I34","v":{"$error":"#NAME?"}},{"$f":"BS!J34","v":{"$error":"#NAME?"}},{"$f":"BS!K34","v":{"$error":"#NAME?"}},{"$f":"BS!L34","v":{"$error":"#NAME?"}},{"$f":"BS!M34","v":{"$error":"#NAME?"}},{"$f":"BS!N34","v":{"$error":"#NAME?"}},{"$f":"BS!O34","v":{"$error":"#NAME?"}}]
["Total Senior Secured Debt",null,null,null,null,{"$f":"SUM(F49:F55)","v":{"$error":"#NAME?"}},3037.1430644783181,2688.2419764187339,2314.9586317782837,1918.383787722131,1500.2151359663401,1056.531422014797,586.85954102925268,88.330625994004535,71.212620000000001,71.212620000000001]
["Senior Notes",null,null,null,null,{"$f":"BS!E31","v":0},{"$f":"BS!F31","v":0},{"$f":"BS!G31","v":0},{"$f":"BS!H31","v":0},{"$f":"BS!I31","v":0},{"$f":"BS!J31","v":0},{"$f":"BS!K31","v":0},{"$f":"BS!L31","v":0},{"$f":"BS!M31","v":0},{"$f":"BS!N31","v":0},{"$f":"BS!O31","v":0}]
["Total Senior Debt",null,null,null,null,{"$f":"F56+F57","v":{"$error":"#NAME?"}},3037.1430644783181,2688.2419764187339,2314.9586317782837,1918.383787722131,1500.2151359663401,1056.531422014797,586.85954102925268,88.330625994004535,71.212620000000001,71.212620000000001]
["Senior Subordinated Notes",null,null,null,null,{"$f":"BS!E32","v":0},{"$f":"BS!F32","v":0},{"$f":"BS!G32","v":0},{"$f":"BS!H32","v":0},{"$f":"BS!I32","v":0},{"$f":"BS!J32","v":0},{"$f":"BS!K32","v":0},{"$f":"BS!L32","v":0},{"$f":"BS!M32","v":0},{"$f":"BS!N32","v":0},{"$f":"BS!O32","v":0}]
["Total Debt",null,null,null,null,{"$f":"SUM(F58:F59)","v":{"$error":"#NAME?"}},3037.1430644783181,2688.2419764187339,2314.9586317782837,1918.383787722131,1500.2151359663401,1056.531422014797,586.85954102925268,88.330625994004535,71.212620000000001,71.212620000000001]
["Shareholders' Equity",null,null,null,null,{"$f":"BS!E38","v":{"$error":"#NAME?"}},{"$f":"BS!F38","v":2039.5388592934139},{"$f":"BS!G38","v":2398.1488058920118},{"$f":"BS!H38","v":2779.8530950928421},{"$f":"BS!I38","v":3183.2021685703912},{"$f":"BS!J38","v":3606.1546204566475},{"$f":"BS!K38","v":4055.2059680252487},{"$f":"BS!L38","v":4533.7693361205747},{"$f":"BS!M38","v":5041.8212125647033},{"$f":"BS!N38","v":5578.0902273893307},{"$f":"BS!O38","v":6144.8996950797973}]
["Total Capitalization",null,null,null,null,{"$f":"SUM(F60:F61)","v":{"$error":"#NAME?"}},5076.6819237717318,5086.3907823107456,5094.8117268711258,5101.5859562925225,5106.3697564229878,5111.7373900400453,5120.6288771498275,5130.1518385587078,5649.302847389331,6216.1123150797976]
["% of Bank Debt Repaid",null,null,null,null,{"$f":"IF(ISERROR(1-(SUM(F49:F52,F54)/(SUM($F$49:$F$52,$F$54)))),0,1-(SUM(F49:F52,F54)/(SUM($F$49:$F$52,$F$54))))","v":0},9.8240345155869879E-2,0.20432001581338322,0.31781285265610359,0.43838722255129592,0.56552696036138594,0.70042428187402139,0.84322302959111872,0.99479545206277131,1,1]
[]
["Credit Statistics"]
["% Debt / Total Capitalization",null,null,null,null,{"$f":"IF(ISERROR(F60/F62),0,F60/F62)","v":0},0.59825356602642266,0.5285166027289524,0.45437569745093764,0.37603674703469642,0.29379289153107485,0.20668734353869461,0.11460692721709256,1.7217935993648993E-2,1.2605558937756178E-2,1.14561347013058E-2]
["EBITDA / Cash Interest Expense",null,null,null,null,{"$f":"IF(ISERROR(F30/F34),0,F30/F34)","v":0},8.3782522511840671,9.4143842483221363,10.862551957961143,12.924010281476848,16.007516452427343,21.400197785900197,32.478936186415432,70.3675609793642,181.02903105830364,198.14873159814289]
["(EBITDA - Capex) / Cash Interest Expense",null,null,null,null,{"$f":"IF(ISERROR((F30-F32)/F34),0,(F30-F32)/F34)","v":0},7.1212042302512462,8.0018780676945518,9.2327670062004437,10.984930260992874,13.605796347410264,18.189375830696477,27.605893309320525,59.809821654378091,153.86797426497705,168.41908591093022]
["EBITDA / Total Interest Expense",null,null,null,null,{"$f":"IF(ISERROR(F30/F35),0,F30/F35)","v":0},7.4821272301730479,8.3562987944039158,9.5415192193603069,11.167977866982582,13.482708000476652,17.248211838865998,26.048462319006322,46.469369764735966,79.672772681061048,180.61344561600635]
["(EBITDA - Capex) / Total Interest Expense",null,null,null,null,{"$f":"IF(ISERROR((F30-F32)/F35),0,(F30-F32)/F35)","v":0},6.3595311391174985,7.1025446047584291,8.1099380862314661,9.4923677212594129,11.459802637795667,14.660341492325365,22.140228593789654,39.49724389104896,67.718907099274091,153.51474202500719]
["Senior Secured Debt / EBITDA",null,null,null,null,{"$f":"IF(ISERROR(F56/F30),0,F56/F30)","v":0},4.4248255569021531,3.6848858834734601,3.0071025598157659,2.3786853928875105,1.7886349541448008,1.2112038686619677,0.64689778163646672,9.3622333420483567E-2,7.2575791003315293E-2,6.9784414426264693E-2]
["Senior Debt / EBITDA",null,null,null,null,{"$f":"IF(ISERROR(F58/F30),0,F58/F30)","v":0},4.4248255569021531,3.6848858834734601,3.0071025598157659,2.3786853928875105,1.7886349541448008,1.2112038686619677,0.64689778163646672,9.3622333420483567E-2,7.2575791003315293E-2,6.9784414426264693E-2]
["Total Debt / EBITDA",null,null,null,null,{"$f":"IF(ISERROR(F60/F30),0,F60/F30)","v":0},4.4248255569021531,3.6848858834734601,3.0071025598157659,2.3786853928875105,1.7886349541448008,1.2112038686619677,0.64689778163646672,9.3622333420483567E-2,7.2575791003315293E-2,6.9784414426264693E-2]
["Net Debt / EBITDA",null,null,null,null,{"$f":"IF(F60=0,\"NM\",(F60-F48)/F30)","v":{"$error":"#NAME?"}},4.4248255569021531,3.6848858834734601,3.0071025598157659,2.3786853928875105,1.7886349541448008,1.2112038686619677,0.64689778163646672,9.3622333420483567E-2,-0.44613838806329414,-0.96750908448953332]

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[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Income Statement"]
[{"$f":"CONCATENATE(\"$ in millions, fiscal year ending \",_xll.BDP('P1'!B9&\" Equity\",\"CURRENT FULL FISCAL YEAR END\"))","v":{"$error":"#NAME?"}}]
[null,"Historical Period",null,null,null,null,"Projection Period"]
[null,null,null,null,"LTM","Pro Forma","Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10"]
[null,{"$f":"TS!B25","v":{"$error":"#NAME?"}},{"$f":"TS!C25","v":{"$error":"#NAME?"}},{"$f":"TS!D25","v":{"$error":"#NAME?"}},{"$f":"TS!E25","v":{"$error":"#NAME?"}},{"$f":"YEAR(E6)","v":{"$error":"#NAME?"}},{"$f":"F6+1","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sales",{"$f":"IFERROR(IF(_xll.BDP('P1'!$B$9&\" Equity\",\"IS ADJ SALES REVENUE TURNOVER\",\"EQY FUND YEAR=\"&B$6)=\"#N/A N/A\",_xll.BDP('P1'!$B$9&\" Equity\",\"IS ADJUSTED NET REVENUE\",\"EQY FUND YEAR=\"&B$6),_xll.BDP('P1'!$B$9&\" Equity\",\"IS ADJ SALES REVENUE TURNOVER\",\"EQY FUND YEAR=\"&B$6))*100/100,_xll.BDP('P1'!$B$9&\" Equity\",\"SALES REV TURN\",\"EQY FUND YEAR=\"&B$6))","v":{"$error":"#NAME?"}},{"$f":"IFERROR(IF(_xll.BDP('P1'!$B$9&\" Equity\",\"IS ADJ SALES REVENUE TURNOVER\",\"EQY FUND YEAR=\"&C$6)=\"#N/A N/A\",_xll.BDP('P1'!$B$9&\" Equity\",\"IS ADJUSTED NET REVENUE\",\"EQY FUND YEAR=\"&C$6),_xll.BDP('P1'!$B$9&\" Equity\",\"IS ADJ SALES REVENUE TURNOVER\",\"EQY FUND YEAR=\"&C$6))*100/100,_xll.BDP('P1'!$B$9&\" Equity\",\"SALES REV TURN\",\"EQY FUND YEAR=\"&C$6))","v":{"$error":"#NAME?"}},{"$f":"IFERROR(IF(_xll.BDP('P1'!$B$9&\" Equity\",\"IS ADJ SALES REVENUE TURNOVER\",\"EQY FUND YEAR=\"&D$6)=\"#N/A N/A\",_xll.BDP('P1'!$B$9&\" Equity\",\"IS ADJUSTED NET REVENUE\",\"EQY FUND YEAR=\"&D$6),_xll.BDP('P1'!$B$9&\" Equity\",\"IS ADJ SALES REVENUE TURNOVER\",\"EQY FUND YEAR=\"&D$6))*100/100,_xll.BDP('P1'!$B$9&\" Equity\",\"SALES REV TURN\",\"EQY FUND YEAR=\"&D$6))","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"TRAIL 12M NET SALES\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST SALES MEDIAN\",\"BEST FPERIOD OVERRIDE=1FY\")","v":{"$error":"#NAME?"}},{"$f":"F7*(1+G49)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["% growth","N/A",{"$f":"C7/B7-1","v":{"$error":"#NAME?"}},{"$f":"D7/C7-1","v":{"$error":"#NAME?"}},"N/A",{"$f":"F7/D7-1","v":{"$error":"#NAME?"}},{"$f":"G7/F7-1","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Cost of Goods Sold",{"$f":"[2]!BError(IF('A3'!$L$5=1,_xll.BDP('P1'!$B$9&\" Equity\",\"IS COGS TO FE AND PP AND G\",\"EQY FUND YEAR=\"&B$6),0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,_xll.BDP('P1'!$B$9&\" Equity\",\"IS COGS TO FE AND PP AND G\",\"EQY FUND YEAR=\"&C$6),0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,_xll.BDP('P1'!$B$9&\" Equity\",\"IS COGS TO FE AND PP AND G\",\"EQY FUND YEAR=\"&D$6),0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,_xll.BDP('P1'!$B$9&\" Equity\",\"TRAIL 12M COGS\"),0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,F7*F50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,G7*G50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,H7*H50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,I7*I50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,J7*J50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,K7*K50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,L7*L50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,M7*M50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,N7*N50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,O7*O50,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,P7*P50,0))","v":{"$error":"#NAME?"}}]
["Gross Profit",{"$f":"[2]!BError(B7-B10)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(C7-C10)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(D7-D10)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(E7-E10)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(F7-F10)","v":{"$error":"#NAME?"}},{"$f":"G7-G10","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["% margin",{"$f":"[2]!BError(B11/B7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(C11/C7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(D11/D7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(E11/E7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(F11/F7)","v":{"$error":"#NAME?"}},{"$f":"G11/G7","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Selling, General & Administrative",{"$f":"[2]!BError(IF('A3'!$L$5=1,_xll.BDP('P1'!$B$9&\" Equity\",\"IS SG&A EXPENSE\",\"EQY FUND YEAR=\"&B$6),0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,_xll.BDP('P1'!$B$9&\" Equity\",\"IS SG&A EXPENSE\",\"EQY FUND YEAR=\"&C$6),0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,_xll.BDP('P1'!$B$9&\" Equity\",\"IS SG&A EXPENSE\",\"EQY FUND YEAR=\"&D$6),0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,_xll.BDP('P1'!$B$9&\" Equity\",\"TRAILING 12 MONTH SG&A EXPENSE\"),0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,F7*F51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,G7*G51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,H7*H51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,I7*I51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,J7*J51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,K7*K51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,L7*L51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,M7*M51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,N7*N51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,O7*O51,0))","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(IF('A3'!$L$5=1,P7*P51,0))","v":{"$error":"#NAME?"}}]
["% sales",{"$f":"[2]!BError(B14/B7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(C14/C7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(D14/D7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(E14/E7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(F14/F7)","v":{"$error":"#NAME?"}},{"$f":"G14/G7","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Other Expense / (Income)",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"IS OTHER OPERATING EXPENSES\",\"EQY FUND YEAR=\"&B$6,\"FA ADJUSTED=YES\")-_xll.BDP('P1'!$B$9&\" Equity\",\"IS OTHER OPER INC\",\"EQY FUND YEAR=\"&B$6,\"FA ADJUSTED=YES\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"IS OTHER OPERATING EXPENSES\",\"EQY FUND YEAR=\"&C$6,\"FA ADJUSTED=YES\")-_xll.BDP('P1'!$B$9&\" Equity\",\"IS OTHER OPER INC\",\"EQY FUND YEAR=\"&C$6,\"FA ADJUSTED=YES\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"IS OTHER OPERATING EXPENSES\",\"EQY FUND YEAR=\"&D$6,\"FA ADJUSTED=YES\")-_xll.BDP('P1'!$B$9&\" Equity\",\"IS OTHER OPER INC\",\"EQY FUND YEAR=\"&D$6,\"FA ADJUSTED=YES\")","v":{"$error":"#NAME?"}},{"$f":"SUM(_xll.BDH('P1'!$B$9&\" Equity\",\"IS OTHER OPERATING EXPENSES\",\"-4FQ\",\" \",\"dts=h\",\"array=true\",\"points=4\",\"FA ADJUSTED=YES\"))-SUM(_xll.BDH('P1'!$B$9&\" Equity\",\"IS OTHER OPER INC\",\"-4FQ\",\" \",\"dts=h\",\"array=true\",\"points=4\",\"FA ADJUSTED=YES\"))","v":{"$error":"#NAME?"}},{"$f":"F7*F52","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["EBITDA",{"$f":"[2]!BError(B11-B14-B17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(C11-C14-C17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(D11-D14-D17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(E11-E14-E17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(F11-F14-F17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(G11-G14-G17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(H11-H14-H17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(I11-I14-I17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(J11-J14-J17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(K11-K14-K17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(L11-L14-L17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(M11-M14-M17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(N11-N14-N17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(O11-O14-O17)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(P11-P14-P17)","v":{"$error":"#NAME?"}}]
["% margin",{"$f":"[2]!BError(B18/B7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(C18/C7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(D18/D7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(E18/E7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(F18/F7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(F19)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(G19)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(H19)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(I19)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(J19)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(K19)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(L19)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(M19)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(N19)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(O19)","v":{"$error":"#NAME?"}}]
[]
["Depreciation & Amortization",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"CF DEPR AMORT\",\"EQY FUND YEAR=\"&B$6)","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"CF DEPR AMORT\",\"EQY FUND YEAR=\"&C$6)","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"CF DEPR AMORT\",\"EQY FUND YEAR=\"&D$6)","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"TRAIL 12M AMORT AND DEPR\")","v":{"$error":"#NAME?"}},{"$f":"F7*F53","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["EBIT",{"$f":"[2]!BError(B18-B21)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(C18-C21)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(D18-D21)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(E18-E21)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(F18-F21)","v":{"$error":"#NAME?"}},{"$f":"G18-G21","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["% margin",{"$f":"[2]!BError(B22/B7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(C22/C7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(D22/D7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(E22/E7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(F22/F7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(F23)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(G23)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(H23)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(I23)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(J23)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(K23)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(L23)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(M23)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(N23)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(O23)","v":{"$error":"#NAME?"}}]
[]
["Interest Expense"]
["Revolving Credit Facility",null,null,null,null,{"$f":"BS!E26*(DS!F7+DS!F19)","v":0},{"$f":"DS!G28","v":0},{"$f":"DS!H28","v":0},{"$f":"DS!I28","v":0},{"$f":"DS!J28","v":0},{"$f":"DS!K28","v":0},{"$f":"DS!L28","v":0},{"$f":"DS!M28","v":0},{"$f":"DS!N28","v":0},{"$f":"DS!O28","v":0},{"$f":"DS!P28","v":0}]
["Term Loan A",null,null,null,null,{"$f":"BS!B27*(DS!F7+DS!F33)","v":0},{"$f":"DS!G43","v":0},{"$f":"DS!H43","v":0},{"$f":"DS!I43","v":0},{"$f":"DS!J43","v":0},{"$f":"DS!K43","v":0},{"$f":"DS!L43","v":0},{"$f":"DS!M43","v":0},{"$f":"DS!N43","v":0},{"$f":"DS!O43","v":0},{"$f":"DS!P43","v":0}]
["Term Loan B",null,null,null,null,{"$f":"BS!E28*(DS!F7+DS!F47)","v":80.581666632977786},{"$f":"DS!G57","v":76.77485173045234},{"$f":"DS!H57","v":72.341201620123556},{"$f":"DS!I57","v":65.720113365707789},{"$f":"DS!J57","v":57.252385927108307},{"$f":"DS!K57","v":47.247174970629096},{"$f":"DS!L57","v":35.611239440221773},{"$f":"DS!M57","v":22.78165774436259},{"$f":"DS!N57","v":8.2578563688604874},{"$f":"DS!O57","v":0.27022056311985709},{"$f":"DS!P57","v":0}]
["Term Loan C",null,null,null,null,{"$f":"BS!E29*(DS!F7+DS!F61)","v":0},{"$f":"DS!G71","v":0},{"$f":"DS!H71","v":0},{"$f":"DS!I71","v":0},{"$f":"DS!J71","v":0},{"$f":"DS!K71","v":0},{"$f":"DS!L71","v":0},{"$f":"DS!M71","v":0},{"$f":"DS!N71","v":0},{"$f":"DS!O71","v":0},{"$f":"DS!P71","v":0}]
["Existing Short-Term Debt",null,null,null,null,{"$f":"G30","v":{"$error":"#NAME?"}},{"$f":"DS!G85","v":{"$error":"#NAME?"}},{"$f":"DS!H85","v":{"$error":"#NAME?"}},{"$f":"DS!I85","v":{"$error":"#NAME?"}},{"$f":"DS!J85","v":{"$error":"#NAME?"}},{"$f":"DS!K85","v":{"$error":"#NAME?"}},{"$f":"DS!L85","v":{"$error":"#NAME?"}},{"$f":"DS!M85","v":{"$error":"#NAME?"}},{"$f":"DS!N85","v":{"$error":"#NAME?"}},{"$f":"DS!O85","v":{"$error":"#NAME?"}},{"$f":"DS!P85","v":{"$error":"#NAME?"}}]
["Existing Long-Term Debt",null,null,null,null,{"$f":"G31","v":{"$error":"#NAME?"}},{"$f":"DS!G99","v":{"$error":"#NAME?"}},{"$f":"DS!H99","v":{"$error":"#NAME?"}},{"$f":"DS!I99","v":{"$error":"#NAME?"}},{"$f":"DS!J99","v":{"$error":"#NAME?"}},{"$f":"DS!K99","v":{"$error":"#NAME?"}},{"$f":"DS!L99","v":{"$error":"#NAME?"}},{"$f":"DS!M99","v":{"$error":"#NAME?"}},{"$f":"DS!N99","v":{"$error":"#NAME?"}},{"$f":"DS!O99","v":{"$error":"#NAME?"}},{"$f":"DS!P99","v":{"$error":"#NAME?"}}]
["2nd Lien",null,null,null,null,{"$f":"BS!E30*(DS!F7+DS!F103)","v":0},{"$f":"DS!G111","v":0},{"$f":"DS!H111","v":0},{"$f":"DS!I111","v":0},{"$f":"DS!J111","v":0},{"$f":"DS!K111","v":0},{"$f":"DS!L111","v":0},{"$f":"DS!M111","v":0},{"$f":"DS!N111","v":0},{"$f":"DS!O111","v":0},{"$f":"DS!P111","v":0}]
["Senior Notes",null,null,null,null,{"$f":"G33","v":0},{"$f":"DS!G122","v":0},{"$f":"DS!H122","v":0},{"$f":"DS!I122","v":0},{"$f":"DS!J122","v":0},{"$f":"DS!K122","v":0},{"$f":"DS!L122","v":0},{"$f":"DS!M122","v":0},{"$f":"DS!N122","v":0},{"$f":"DS!O122","v":0},{"$f":"DS!P122","v":0}]
["Senior Subordinated Notes",null,null,null,null,{"$f":"G34","v":0},{"$f":"DS!G133","v":0},{"$f":"DS!H133","v":0},{"$f":"DS!I133","v":0},{"$f":"DS!J133","v":0},{"$f":"DS!K133","v":0},{"$f":"DS!L133","v":0},{"$f":"DS!M133","v":0},{"$f":"DS!N133","v":0},{"$f":"DS!O133","v":0},{"$f":"DS!P133","v":0}]
["Commitment Fee on Unused Revolver",null,null,null,null,{"$f":"G35","v":5},{"$f":"DS!G29","v":5},{"$f":"DS!H29","v":5},{"$f":"DS!I29","v":5},{"$f":"DS!J29","v":5},{"$f":"DS!K29","v":5},{"$f":"DS!L29","v":5},{"$f":"DS!M29","v":5},{"$f":"DS!N29","v":5},{"$f":"DS!O29","v":5},{"$f":"DS!P29","v":5}]
["Administrative Agent Fee",null,null,null,null,{"$f":"G36","v":0.15},{"$f":"'A3'!C65","v":0.15},{"$f":"'A3'!D65","v":0.15},{"$f":"'A3'!E65","v":0.15},{"$f":"'A3'!F65","v":0.15},{"$f":"'A3'!G65","v":0.15},{"$f":"'A3'!H65","v":0.15},{"$f":"'A3'!I65","v":0.15},{"$f":"'A3'!J65","v":0.15},{"$f":"'A3'!K65","v":0.15},{"$f":"'A3'!L65","v":0.15}]
["Cash Interest Expense",null,null,null,null,{"$f":"SUM(F26:F36)","v":{"$error":"#NAME?"}},81.924851730452346,77.491201620123562,70.870113365707795,62.402385927108305,52.397174970629095,40.761239440221772,27.931657744362589,13.407856368860488,5.420220563119857,5.15]
["Amortization of Deferred Financing Fees",null,null,null,null,{"$f":"G38","v":{"$error":"#NAME?"}},{"$f":"'A3'!C63","v":{"$error":"#NAME?"}},{"$f":"'A3'!D63","v":{"$error":"#NAME?"}},{"$f":"'A3'!E63","v":{"$error":"#NAME?"}},{"$f":"'A3'!F63","v":{"$error":"#NAME?"}},{"$f":"'A3'!G63","v":{"$error":"#NAME?"}},{"$f":"'A3'!H63","v":{"$error":"#NAME?"}},{"$f":"'A3'!I63","v":{"$error":"#NAME?"}},{"$f":"'A3'!J63","v":{"$error":"#NAME?"}},{"$f":"'A3'!K63","v":{"$error":"#NAME?"}},{"$f":"'A3'!L63","v":{"$error":"#NAME?"}}]
["Total Interest Expense",null,null,null,null,{"$f":"SUM(F37:F38)","v":{"$error":"#NAME?"}},91.73688876481566,87.303238654486876,80.682150400071109,72.214422961471627,62.209212004992409,50.573276474585086,34.827028112059239,20.303226736557136,12.315590930816507,5.65]
["Interest Income",null,null,null,null,null,{"$f":"-G54*AVERAGE(BS!E8:F8)","v":{"$error":"#NAME?"}},{"$f":"-H54*AVERAGE(BS!F8:G8)","v":0},{"$f":"-I54*AVERAGE(BS!G8:H8)","v":0},{"$f":"-J54*AVERAGE(BS!H8:I8)","v":0},{"$f":"-K54*AVERAGE(BS!I8:J8)","v":0},{"$f":"-L54*AVERAGE(BS!J8:K8)","v":0},{"$f":"-M54*AVERAGE(BS!K8:L8)","v":0},{"$f":"-N54*AVERAGE(BS!L8:M8)","v":0},{"$f":"-O54*AVERAGE(BS!M8:N8)","v":-3.346486390540715},{"$f":"-P54*AVERAGE(BS!N8:O8)","v":-10.306273236350483}]
["Net Interest Expense",null,null,null,null,null,{"$f":"SUM(G39:G40)","v":91.73688876481566},87.303238654486876,80.682150400071109,72.214422961471627,62.209212004992409,50.573276474585086,34.827028112059239,20.303226736557136,8.9691045402757918,-4.6562732363504828]
[]
["Earnings Before Taxes",null,null,null,null,null,{"$f":"G22-G41","v":491.66671194078771},532.7719080288764,573.64509400852091,613.27143456737622,650.69607982500941,690.84822702861686,736.2513355312708,781.61827145250606,825.02925357634979,872.01456567764114]
["Income Tax Expense",null,null,null,null,null,{"$f":"G43*G55","v":156.93856828408175},174.16196143027844,191.94080480769057,209.92236108982721,227.74362793875326,241.79687946001587,257.68796743594476,273.56639500837713,288.7602387517224,305.20509798717438]
["Net Income",null,null,null,null,null,{"$f":"G43-G44","v":334.72814365670592},358.60994659859796,381.70428920083032,403.34907347754904,422.95245188625614,449.05134756860099,478.56336809532604,508.05187644412894,536.26901482462745,566.80946769046682]
["% margin",null,null,null,null,null,{"$f":"IF(ISERROR(G45/G7),0,G45/G7)","v":0.17352418022638982},0.17491009840029234,0.17642857004872226,0.17795878914520524,0.17943063168092899,0.18317563419151595,0.18770585207085955,0.19160775434644309,0.19447079358104563,0.19764026998769782]
[]
["Income Statement Assumptions"]
["Sales (% YoY growth)",{"$f":"B8","v":"N/A"},{"$f":"C8","v":{"$error":"#NAME?"}},{"$f":"D8","v":{"$error":"#NAME?"}},{"$f":"E8","v":"N/A"},{"$f":"F8","v":{"$error":"#NAME?"}},{"$f":"'A1'!D8","v":{"$error":"#NAME?"}},{"$f":"'A1'!E8","v":{"$error":"#NAME?"}},{"$f":"'A1'!F8","v":{"$error":"#NAME?"}},{"$f":"'A1'!G8","v":{"$error":"#NAME?"}},{"$f":"'A1'!H8","v":0.04},{"$f":"'A1'!I8","v":0.04},{"$f":"'A1'!J8","v":0.04},{"$f":"'A1'!K8","v":0.04},{"$f":"'A1'!L8","v":0.04},{"$f":"'A1'!M8","v":0.04}]
["COGS (% margin)",{"$f":"[2]!BError(B10/B7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(C10/C7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(D10/D7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(E10/E7)","v":{"$error":"#NAME?"}},{"$f":"E50","v":{"$error":"#NAME?"}},{"$f":"'A1'!D15","v":{"$error":"#NAME?"}},{"$f":"'A1'!E15","v":{"$error":"#NAME?"}},{"$f":"'A1'!F15","v":{"$error":"#NAME?"}},{"$f":"'A1'!G15","v":{"$error":"#NAME?"}},{"$f":"'A1'!H15","v":{"$error":"#NAME?"}},{"$f":"'A1'!I15","v":{"$error":"#NAME?"}},{"$f":"'A1'!J15","v":{"$error":"#NAME?"}},{"$f":"'A1'!K15","v":{"$error":"#NAME?"}},{"$f":"'A1'!L15","v":{"$error":"#NAME?"}},{"$f":"'A1'!M15","v":{"$error":"#NAME?"}}]
["SG&A (% sales)",{"$f":"[2]!BError(B14/B7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(C14/C7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(D14/D7)","v":{"$error":"#NAME?"}},{"$f":"[2]!BError(E14/E7)","v":{"$error":"#NAME?"}},{"$f":"E51","v":{"$error":"#NAME?"}},{"$f":"'A1'!D22","v":{"$error":"#NAME?"}},{"$f":"'A1'!E22","v":{"$error":"#NAME?"}},{"$f":"'A1'!F22","v":{"$error":"#NAME?"}},{"$f":"'A1'!G22","v":{"$error":"#NAME?"}},{"$f":"'A1'!H22","v":{"$error":"#NAME?"}},{"$f":"'A1'!I22","v":{"$error":"#NAME?"}},{"$f":"'A1'!J22","v":{"$error":"#NAME?"}},{"$f":"'A1'!K22","v":{"$error":"#NAME?"}},{"$f":"'A1'!L22","v":{"$error":"#NAME?"}},{"$f":"'A1'!M22","v":{"$error":"#NAME?"}}]
["Other Expense / (Income) (% of sales)",{"$f":"B17/B7","v":{"$error":"#NAME?"}},{"$f":"C17/C7","v":{"$error":"#NAME?"}},{"$f":"D17/D7","v":{"$error":"#NAME?"}},{"$f":"E17/E7","v":{"$error":"#NAME?"}},{"$f":"E52","v":{"$error":"#NAME?"}},{"$f":"'A1'!D29","v":{"$error":"#NAME?"}},{"$f":"'A1'!E29","v":{"$error":"#NAME?"}},{"$f":"'A1'!F29","v":{"$error":"#NAME?"}},{"$f":"'A1'!G29","v":{"$error":"#NAME?"}},{"$f":"'A1'!H29","v":{"$error":"#NAME?"}},{"$f":"'A1'!I29","v":{"$error":"#NAME?"}},{"$f":"'A1'!J29","v":{"$error":"#NAME?"}},{"$f":"'A1'!K29","v":{"$error":"#NAME?"}},{"$f":"'A1'!L29","v":{"$error":"#NAME?"}},{"$f":"'A1'!M29","v":{"$error":"#NAME?"}}]
["Depreciation & Amortization (% sales)",{"$f":"B21/B7","v":{"$error":"#NAME?"}},{"$f":"C21/C7","v":{"$error":"#NAME?"}},{"$f":"D21/D7","v":{"$error":"#NAME?"}},{"$f":"E21/E7","v":{"$error":"#NAME?"}},{"$f":"E53","v":{"$error":"#NAME?"}},{"$f":"'A1'!D36","v":{"$error":"#NAME?"}},{"$f":"'A1'!E36","v":{"$error":"#NAME?"}},{"$f":"'A1'!F36","v":{"$error":"#NAME?"}},{"$f":"'A1'!G36","v":{"$error":"#NAME?"}},{"$f":"'A1'!H36","v":{"$error":"#NAME?"}},{"$f":"'A1'!I36","v":{"$error":"#NAME?"}},{"$f":"'A1'!J36","v":{"$error":"#NAME?"}},{"$f":"'A1'!K36","v":{"$error":"#NAME?"}},{"$f":"'A1'!L36","v":{"$error":"#NAME?"}},{"$f":"'A1'!M36","v":{"$error":"#NAME?"}}]
["Interest Income",null,null,null,null,{"$f":"_xll.BDP(\"US0003M INDEX\",\"PX LAST\")/100","v":{"$error":"#NAME?"}},{"$f":"'A1'!D43","v":{"$error":"#NAME?"}},{"$f":"'A1'!E43","v":{"$error":"#NAME?"}},{"$f":"'A1'!F43","v":{"$error":"#NAME?"}},{"$f":"'A1'!G43","v":{"$error":"#NAME?"}},{"$f":"'A1'!H43","v":{"$error":"#NAME?"}},{"$f":"'A1'!I43","v":{"$error":"#NAME?"}},{"$f":"'A1'!J43","v":{"$error":"#NAME?"}},{"$f":"'A1'!K43","v":{"$error":"#NAME?"}},{"$f":"'A1'!L43","v":{"$error":"#NAME?"}},{"$f":"'A1'!M43","v":{"$error":"#NAME?"}}]
["Tax Rate",null,null,null,null,null,{"$f":"_xll.BDP('P1'!B9&\" Equity\",\"EFF TAX RATE\")/100","v":{"$error":"#NAME?"}},{"$f":"G55+($K$55-$G$55)/4","v":{"$error":"#NAME?"}},{"$f":"H55+($K$55-$G$55)/4","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$f":"_xll.BDP('P1'!B9&\" Equity\",\"IS STATUTORY TAX RATE\")","v":{"$error":"#NAME?"}},{"$f":"K55","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]

{"sheet":"BS","index":21,"n_rows":59,"n_cols":15,"rows_kept":59,"cut":false,"hidden":false,"merged":[[3,5,3,14],[4,2,4,3]]}
[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Balance Sheet"]
[{"$f":"CONCATENATE(\"$ in millions, fiscal year ending \",_xll.BDP('P1'!B9&\" Equity\",\"CURRENT FULL FISCAL YEAR END\"))","v":{"$error":"#NAME?"}}]
[null,null,null,null,null,"Projection Period"]
[null,"Opening","Adjustments",null,"Pro Forma","Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10"]
[null,{"$f":"IS!F6","v":{"$error":"#NAME?"}},"+","-",{"$f":"B6","v":{"$error":"#NAME?"}},{"$f":"E6+1","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Cash and Cash Equivalents",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"CASH AND MARKETABLE SECURITIES\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,{"$f":"-TS!B19","v":{"$error":"#NAME?"}},{"$f":"SUM(B8:D8)","v":{"$error":"#NAME?"}},{"$f":"CF!G45","v":0},{"$f":"CF!H45","v":0},{"$f":"CF!I45","v":0},{"$f":"CF!J45","v":0},{"$f":"CF!K45","v":0},{"$f":"CF!L45","v":0},{"$f":"CF!M45","v":0},{"$f":"CF!N45","v":0},{"$f":"CF!O45","v":508.97131415067906},{"$f":"CF!P45","v":1058.5227141915998}]
["Accounts Receivable",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS ACCT NOTE RCV\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(B9:D9)","v":{"$error":"#NAME?"}},{"$f":"IS!G7/365*F50","v":{"$error":"#NAME?"}},{"$f":"IS!H7/365*G50","v":{"$error":"#NAME?"}},{"$f":"IS!I7/365*H50","v":{"$error":"#NAME?"}},{"$f":"IS!J7/365*I50","v":{"$error":"#NAME?"}},{"$f":"IS!K7/365*J50","v":{"$error":"#NAME?"}},{"$f":"IS!L7/365*K50","v":{"$error":"#NAME?"}},{"$f":"IS!M7/365*L50","v":{"$error":"#NAME?"}},{"$f":"IS!N7/365*M50","v":{"$error":"#NAME?"}},{"$f":"IS!O7/365*N50","v":{"$error":"#NAME?"}},{"$f":"IS!P7/365*O50","v":{"$error":"#NAME?"}}]
["Inventories",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS INVENTORIES\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(B10:D10)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!G10/365*F52,F51*IS!G7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!H10/365*G52,G51*IS!H7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!I10/365*H52,H51*IS!I7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!J10/365*I52,I51*IS!J7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!K10/365*J52,J51*IS!K7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!L10/365*K52,K51*IS!L7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!M10/365*L52,L51*IS!M7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!N10/365*M52,M51*IS!N7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!O10/365*N52,N51*IS!O7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!P10/365*O52,O51*IS!P7)","v":{"$error":"#NAME?"}}]
["Prepaid and Other Current Assets",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"OTHER CURRENT ASSETS DETAILED\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(B11:D11)","v":{"$error":"#NAME?"}},{"$f":"IS!G7*F53","v":{"$error":"#NAME?"}},{"$f":"IS!H7*G53","v":{"$error":"#NAME?"}},{"$f":"IS!I7*H53","v":{"$error":"#NAME?"}},{"$f":"IS!J7*I53","v":{"$error":"#NAME?"}},{"$f":"IS!K7*J53","v":{"$error":"#NAME?"}},{"$f":"IS!L7*K53","v":{"$error":"#NAME?"}},{"$f":"IS!M7*L53","v":{"$error":"#NAME?"}},{"$f":"IS!N7*M53","v":{"$error":"#NAME?"}},{"$f":"IS!O7*N53","v":{"$error":"#NAME?"}},{"$f":"IS!P7*O53","v":{"$error":"#NAME?"}}]
["Total Current Assets",{"$f":"SUM(B8:B11)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(E8:E11)","v":{"$error":"#NAME?"}},462.94676301680329,492.04664084527889,519.22662010706517,543.9518344641059,565.70990784267008,588.33830415637692,611.87183632263191,636.34670977553731,1170.7718923172379,1746.795315484821]
[]
["Property, Plant and Equipment, net",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS NET FIX ASSET\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(B14:D14)","v":{"$error":"#NAME?"}},{"$f":"E14-CF!G10-CF!G25","v":{"$error":"#NAME?"}},{"$f":"F14-CF!H10-CF!H25","v":{"$error":"#NAME?"}},{"$f":"G14-CF!I10-CF!I25","v":{"$error":"#NAME?"}},{"$f":"H14-CF!J10-CF!J25","v":{"$error":"#NAME?"}},{"$f":"I14-CF!K10-CF!K25","v":{"$error":"#NAME?"}},{"$f":"J14-CF!L10-CF!L25","v":{"$error":"#NAME?"}},{"$f":"K14-CF!M10-CF!M25","v":{"$error":"#NAME?"}},{"$f":"L14-CF!N10-CF!N25","v":{"$error":"#NAME?"}},{"$f":"M14-CF!O10-CF!O25","v":{"$error":"#NAME?"}},{"$f":"N14-CF!P10-CF!P25","v":{"$error":"#NAME?"}}]
["Goodwill and Intangible Assets",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS DISCLOSED INTANGIBLES\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},{"$f":"TS!M10+D38","v":{"$error":"#NAME?"}},null,{"$f":"SUM(B15:D15)","v":{"$error":"#NAME?"}},{"$f":"E15","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Other Assets",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS OTHER ASSETS DEF CHRG OTHER\",\"EQY FUND YEAR=\"&IS!$D$6)-B15+_xll.BDP('P1'!$B$9&\" Equity\",\"BS LT INVEST\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(B16:D16)","v":{"$error":"#NAME?"}},{"$f":"E16","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Deferred Financing Fees",0,{"$f":"TS!I16","v":80.058333309269841},null,{"$f":"SUM(B17:D17)","v":80.058333309269841},{"$f":"E17-IS!G38","v":{"$error":"#NAME?"}},{"$f":"F17-IS!H38","v":{"$error":"#NAME?"}},{"$f":"G17-IS!I38","v":{"$error":"#NAME?"}},{"$f":"H17-IS!J38","v":{"$error":"#NAME?"}},{"$f":"I17-IS!K38","v":{"$error":"#NAME?"}},{"$f":"J17-IS!L38","v":{"$error":"#NAME?"}},{"$f":"K17-IS!M38","v":{"$error":"#NAME?"}},{"$f":"L17-IS!N38","v":{"$error":"#NAME?"}},{"$f":"M17-IS!O38","v":{"$error":"#NAME?"}},{"$f":"N17-IS!P38","v":{"$error":"#NAME?"}}]
["Total Assets",{"$f":"SUM(B14:B17)+B12","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(E14:E17)+E12","v":{"$error":"#NAME?"}},5229.0729012917109,5248.3607420858216,5265.7286843132451,5280.6418616359224,5292.5878979801237,5305.4042572594672,5322.0424190580252,5339.6219221432348,5867.1517343172382,6442.6751574848213]
[]
["Accounts Payable",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS ACCT PAYABLE\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(B20:D20)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!G10/365*F57,F56*IS!G7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!H10/365*G57,G56*IS!H7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!I10/365*H57,H56*IS!I7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!J10/365*I57,I56*IS!J7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!K10/365*J57,J56*IS!K7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!L10/365*K57,K56*IS!L7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!M10/365*L57,L56*IS!M7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!N10/365*M57,M56*IS!N7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!O10/365*N57,N56*IS!O7)","v":{"$error":"#NAME?"}},{"$f":"IF('A3'!$L$5=1,IS!P10/365*O57,O56*IS!P7)","v":{"$error":"#NAME?"}}]
["Accrued Liabilities",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS ACCRUAL\",\"EQY FUND YEAR=\"&IS!$D$6)+_xll.BDP('P1'!$B$9&\" Equity\",\"BS TAXES PAYABLE\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(B21:D21)","v":{"$error":"#NAME?"}},{"$f":"F58*IS!G7","v":{"$error":"#NAME?"}},{"$f":"G58*IS!H7","v":{"$error":"#NAME?"}},{"$f":"H58*IS!I7","v":{"$error":"#NAME?"}},{"$f":"I58*IS!J7","v":{"$error":"#NAME?"}},{"$f":"J58*IS!K7","v":{"$error":"#NAME?"}},{"$f":"K58*IS!L7","v":{"$error":"#NAME?"}},{"$f":"L58*IS!M7","v":{"$error":"#NAME?"}},{"$f":"M58*IS!N7","v":{"$error":"#NAME?"}},{"$f":"N58*IS!O7","v":{"$error":"#NAME?"}},{"$f":"O58*IS!P7","v":{"$error":"#NAME?"}}]
["Other Current Liabilities",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"OTHER CURRENT LIABS SUB DETAILED\",\"EQY FUND YEAR=\"&IS!$D$6)+_xll.BDP('P1'!$B$9&\" Equity\",\"BS INTEREST & DIVIDENDS PAYABLE\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(B22:D22)","v":{"$error":"#NAME?"}},{"$f":"F59*IS!G7","v":{"$error":"#NAME?"}},{"$f":"G59*IS!H7","v":{"$error":"#NAME?"}},{"$f":"H59*IS!I7","v":{"$error":"#NAME?"}},{"$f":"I59*IS!J7","v":{"$error":"#NAME?"}},{"$f":"J59*IS!K7","v":{"$error":"#NAME?"}},{"$f":"K59*IS!L7","v":{"$error":"#NAME?"}},{"$f":"L59*IS!M7","v":{"$error":"#NAME?"}},{"$f":"M59*IS!N7","v":{"$error":"#NAME?"}},{"$f":"N59*IS!O7","v":{"$error":"#NAME?"}},{"$f":"O59*IS!P7","v":{"$error":"#NAME?"}}]
["Existing Short-Term Debt",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS ST BORROW\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,{"$f":"-TS!I11","v":{"$error":"#NAME?"}},{"$f":"SUM(B23:D23)","v":{"$error":"#NAME?"}},{"$f":"DS!G82","v":{"$error":"#NAME?"}},{"$f":"DS!H82","v":{"$error":"#NAME?"}},{"$f":"DS!I82","v":{"$error":"#NAME?"}},{"$f":"DS!J82","v":{"$error":"#NAME?"}},{"$f":"DS!K82","v":{"$error":"#NAME?"}},{"$f":"DS!L82","v":{"$error":"#NAME?"}},{"$f":"DS!M82","v":{"$error":"#NAME?"}},{"$f":"DS!N82","v":{"$error":"#NAME?"}},{"$f":"DS!O82","v":{"$error":"#NAME?"}},{"$f":"DS!P82","v":{"$error":"#NAME?"}}]
["Total Current Liabilities",{"$f":"SUM(B20:B23)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(E20:E23)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Revolving Credit Facility",0,{"$f":"TS!B10","v":0},null,{"$f":"SUM(B26:D26)","v":0},{"$f":"DS!G25","v":0},{"$f":"DS!H25","v":0},{"$f":"DS!I25","v":0},{"$f":"DS!J25","v":0},{"$f":"DS!K25","v":0},{"$f":"DS!L25","v":0},{"$f":"DS!M25","v":0},{"$f":"DS!N25","v":0},{"$f":"DS!O25","v":0},{"$f":"DS!P25","v":0}]
["Term Loan A",0,{"$f":"TS!B11","v":0},null,0,{"$f":"DS!G40","v":0},{"$f":"DS!H40","v":0},{"$f":"DS!I40","v":0},{"$f":"DS!J40","v":0},{"$f":"DS!K40","v":0},{"$f":"DS!L40","v":0},{"$f":"DS!M40","v":0},{"$f":"DS!N40","v":0},{"$f":"DS!O40","v":0},{"$f":"DS!P40","v":0}]
["Term Loan B",0,{"$f":"TS!B12","v":3289.0476176725624},null,3289.0476176725624,{"$f":"DS!G54","v":2965.9304444783183},{"$f":"DS!H54","v":2617.0293564187341},{"$f":"DS!I54","v":2243.7460117782839},{"$f":"DS!J54","v":1847.171167722131},{"$f":"DS!K54","v":1429.0025159663401},{"$f":"DS!L54","v":985.31880201479714},{"$f":"DS!M54","v":515.64692102925267},{"$f":"DS!N54","v":17.118005994004534},{"$f":"DS!O54","v":0},{"$f":"DS!P54","v":0}]
["Term Loan C",0,{"$f":"TS!B13","v":0},null,0,{"$f":"DS!G68","v":0},{"$f":"DS!H68","v":0},{"$f":"DS!I68","v":0},{"$f":"DS!J68","v":0},{"$f":"DS!K68","v":0},{"$f":"DS!L68","v":0},{"$f":"DS!M68","v":0},{"$f":"DS!N68","v":0},{"$f":"DS!O68","v":0},{"$f":"DS!P68","v":0}]
["2nd Lien",0,{"$f":"TS!B14","v":0},null,0,{"$f":"DS!G108","v":0},{"$f":"DS!H108","v":0},{"$f":"DS!I108","v":0},{"$f":"DS!J108","v":0},{"$f":"DS!K108","v":0},{"$f":"DS!L108","v":0},{"$f":"DS!M108","v":0},{"$f":"DS!N108","v":0},{"$f":"DS!O108","v":0},{"$f":"DS!P108","v":0}]
["Senior Notes",0,{"$f":"TS!B15","v":0},null,0,{"$f":"DS!G120","v":0},{"$f":"DS!H120","v":0},{"$f":"DS!I120","v":0},{"$f":"DS!J120","v":0},{"$f":"DS!K120","v":0},{"$f":"DS!L120","v":0},{"$f":"DS!M120","v":0},{"$f":"DS!N120","v":0},{"$f":"DS!O120","v":0},{"$f":"DS!P120","v":0}]
["Senior Subordinated Notes",0,{"$f":"TS!B16","v":0},null,0,{"$f":"E32","v":0},0,0,0,0,0,0,0,0,0]
["Existing Long Term Borrowing",{"$f":"_xll.BDP('P1'!B9&\" Equity\",\"BS LT BORROW\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,{"$f":"-TS!I12","v":{"$error":"#NAME?"}},{"$f":"SUM(B33:D33)","v":{"$error":"#NAME?"}},{"$f":"DS!G96","v":{"$error":"#NAME?"}},{"$f":"DS!H82","v":{"$error":"#NAME?"}},{"$f":"DS!I82","v":{"$error":"#NAME?"}},{"$f":"DS!J82","v":{"$error":"#NAME?"}},{"$f":"DS!K82","v":{"$error":"#NAME?"}},{"$f":"DS!L82","v":{"$error":"#NAME?"}},{"$f":"DS!M82","v":{"$error":"#NAME?"}},{"$f":"DS!N82","v":{"$error":"#NAME?"}},{"$f":"DS!O82","v":{"$error":"#NAME?"}},{"$f":"DS!P82","v":{"$error":"#NAME?"}}]
["Other Long-Term Liabilities",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"OTHER_NONCUR_LIABS_SUB_DETAILED\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$error":"#NAME?"},{"$f":"E34","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Total Liabilities",{"$f":"SUM(B26:B34)+B24","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(E26:E34)+E24","v":{"$error":"#NAME?"}},3189.5340419982958,2850.2119361938103,2485.8755892204031,2097.4396930655312,1686.4332775234761,1250.1982892342187,788.27308293745114,297.80070957853098,289.06150692790749,297.7754624050238]
[]
["Noncontrolling Interest",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"MINORITY NONCONTROLLING INTEREST\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(B37:D37)","v":{"$error":"#NAME?"}},{"$f":"E37","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Shareholders' Equity",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"TOTAL_EQUITY\",\"EQY FUND YEAR=\"&IS!$D$6)","v":{"$error":"#NAME?"}},{"$f":"TS!B17-TS!I17","v":{"$error":"#NAME?"}},{"$f":"IF(TS!I10>0,-B38,0)","v":{"$error":"#NAME?"}},{"$f":"SUM(B38:D38)","v":{"$error":"#NAME?"}},{"$f":"E38+IS!G45","v":2039.5388592934139},{"$f":"F38+IS!H45","v":2398.1488058920118},{"$f":"G38+IS!I45","v":2779.8530950928421},{"$f":"H38+IS!J45","v":3183.2021685703912},{"$f":"I38+IS!K45","v":3606.1546204566475},{"$f":"J38+IS!L45","v":4055.2059680252487},{"$f":"K38+IS!M45","v":4533.7693361205747},{"$f":"L38+IS!N45","v":5041.8212125647033},{"$f":"M38+IS!O45","v":5578.0902273893307},{"$f":"N38+IS!P45","v":6144.8996950797973}]
["Total Shareholders' Equity",{"$f":"SUM(B37:B38)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(E37:E38)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Total Liabilities and Equity",{"$f":"B35+B39","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(E39,E35)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Balance Check",{"$f":"B18-B40","v":{"$error":"#NAME?"}},null,null,{"$f":"E18-E40","v":{"$error":"#NAME?"}},0,0,0,0,0,0,0,0,0,0]
[]
["Net Working Capital",{"$f":"SUM(B9:B11)-SUM(B20:B22)","v":{"$error":"#NAME?"}},null,null,{"$f":"SUM(E9:E11)-SUM(E20:E22)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["(Increase) / Decrease in Net Working Capital",null,null,null,null,{"$f":"-(F44-E44)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["(Increase) / Decrease in Net Working Capital (% of sales)",null,null,null,null,{"$f":"IF(ISERROR(F45/IS!G7),0,F45/IS!G7)","v":0},{"$f":"IF(ISERROR(G45/IS!H7),0,G45/IS!H7)","v":0},{"$f":"IF(ISERROR(H45/IS!I7),0,H45/IS!I7)","v":0},{"$f":"IF(ISERROR(I45/IS!J7),0,I45/IS!J7)","v":0},{"$f":"IF(ISERROR(J45/IS!K7),0,J45/IS!K7)","v":0},{"$f":"IF(ISERROR(K45/IS!L7),0,K45/IS!L7)","v":0},{"$f":"IF(ISERROR(L45/IS!M7),0,L45/IS!M7)","v":0},{"$f":"IF(ISERROR(M45/IS!N7),0,M45/IS!N7)","v":0},{"$f":"IF(ISERROR(N45/IS!O7),0,N45/IS!O7)","v":0},{"$f":"IF(ISERROR(O45/IS!P7),0,O45/IS!P7)","v":0}]
[]
["Balance Sheet Assumptions"]
["Current Assets"]
["Days Sales Outstanding (DSO)",{"$f":"B9/IS!F7*365","v":{"$error":"#NAME?"}},null,null,{"$f":"E9/IS!F7*365","v":{"$error":"#NAME?"}},{"$f":"'A2'!D8","v":{"$error":"#NAME?"}},{"$f":"'A2'!E8","v":{"$error":"#NAME?"}},{"$f":"'A2'!F8","v":{"$error":"#NAME?"}},{"$f":"'A2'!G8","v":{"$error":"#NAME?"}},{"$f":"'A2'!H8","v":{"$error":"#NAME?"}},{"$f":"'A2'!I8","v":{"$error":"#NAME?"}},{"$f":"'A2'!J8","v":{"$error":"#NAME?"}},{"$f":"'A2'!K8","v":{"$error":"#NAME?"}},{"$f":"'A2'!L8","v":{"$error":"#NAME?"}},{"$f":"'A2'!M8","v":{"$error":"#NAME?"}}]
["Inventories (% of sales)",{"$f":"B10/IS!D7","v":{"$error":"#NAME?"}},null,null,{"$f":"E10/IS!F7","v":{"$error":"#NAME?"}},{"$f":"'A2'!D15","v":{"$error":"#NAME?"}},{"$f":"'A2'!E15","v":{"$error":"#NAME?"}},{"$f":"'A2'!F15","v":{"$error":"#NAME?"}},{"$f":"'A2'!G15","v":{"$error":"#NAME?"}},{"$f":"'A2'!H15","v":{"$error":"#NAME?"}},{"$f":"'A2'!I15","v":{"$error":"#NAME?"}},{"$f":"'A2'!J15","v":{"$error":"#NAME?"}},{"$f":"'A2'!K15","v":{"$error":"#NAME?"}},{"$f":"'A2'!L15","v":{"$error":"#NAME?"}},{"$f":"'A2'!M15","v":{"$error":"#NAME?"}}]
["Days Inventory Held (DIH)",{"$f":"IF(ISERROR(B10/IS!F10*365),0,B10/IS!F10*365)","v":0},null,null,{"$f":"IF(ISERROR(E10/IS!F10*365),0,E10/IS!F10*365)","v":0},{"$f":"'A2'!D22","v":0},{"$f":"'A2'!E22","v":0},{"$f":"'A2'!F22","v":0},{"$f":"'A2'!G22","v":0},{"$f":"'A2'!H22","v":0},{"$f":"'A2'!I22","v":0},{"$f":"'A2'!J22","v":0},{"$f":"'A2'!K22","v":0},{"$f":"'A2'!L22","v":0},{"$f":"'A2'!M22","v":0}]
["Prepaid and Other Current Assets (% of sales)",{"$f":"B11/IS!D7","v":{"$error":"#NAME?"}},null,null,{"$f":"E11/IS!E7","v":{"$error":"#NAME?"}},{"$f":"'A2'!D29","v":{"$error":"#NAME?"}},{"$f":"'A2'!E29","v":{"$error":"#NAME?"}},{"$f":"'A2'!F29","v":{"$error":"#NAME?"}},{"$f":"'A2'!G29","v":{"$error":"#NAME?"}},{"$f":"'A2'!H29","v":{"$error":"#NAME?"}},{"$f":"'A2'!I29","v":{"$error":"#NAME?"}},{"$f":"'A2'!J29","v":{"$error":"#NAME?"}},{"$f":"'A2'!K29","v":{"$error":"#NAME?"}},{"$f":"'A2'!L29","v":{"$error":"#NAME?"}},{"$f":"'A2'!M29","v":{"$error":"#NAME?"}}]
[]
["Current Liabilities"]
["Accounts Payable (% of sales)",{"$f":"B20/IS!D7","v":{"$error":"#NAME?"}},null,null,{"$f":"E20/IS!F7","v":{"$error":"#NAME?"}},{"$f":"'A2'!D37","v":{"$error":"#NAME?"}},{"$f":"'A2'!E37","v":{"$error":"#NAME?"}},{"$f":"'A2'!F37","v":{"$error":"#NAME?"}},{"$f":"'A2'!G37","v":{"$error":"#NAME?"}},{"$f":"'A2'!H37","v":{"$error":"#NAME?"}},{"$f":"'A2'!I37","v":{"$error":"#NAME?"}},{"$f":"'A2'!J37","v":{"$error":"#NAME?"}},{"$f":"'A2'!K37","v":{"$error":"#NAME?"}},{"$f":"'A2'!L37","v":{"$error":"#NAME?"}},{"$f":"'A2'!M37","v":{"$error":"#NAME?"}}]
["Days Payable Outstanding (DPO)",{"$f":"IF(ISERROR(B20/IS!F10*365),0,B20/IS!F10*365)","v":0},null,null,{"$f":"IF(ISERROR(E20/IS!F10*365),0,E20/IS!F10*365)","v":0},{"$f":"'A2'!D44","v":0},{"$f":"'A2'!E44","v":0},{"$f":"'A2'!F44","v":0},{"$f":"'A2'!G44","v":0},{"$f":"'A2'!H44","v":0},{"$f":"'A2'!I44","v":0},{"$f":"'A2'!J44","v":0},{"$f":"'A2'!K44","v":0},{"$f":"'A2'!L44","v":0},{"$f":"'A2'!M44","v":0}]
["Accrued Liabilities (% of sales)",{"$f":"B21/IS!F7","v":{"$error":"#NAME?"}},null,null,{"$f":"E21/IS!F7","v":{"$error":"#NAME?"}},{"$f":"'A2'!D51","v":{"$error":"#NAME?"}},{"$f":"'A2'!E51","v":{"$error":"#NAME?"}},{"$f":"'A2'!F51","v":{"$error":"#NAME?"}},{"$f":"'A2'!G51","v":{"$error":"#NAME?"}},{"$f":"'A2'!H51","v":{"$error":"#NAME?"}},{"$f":"'A2'!I51","v":{"$error":"#NAME?"}},{"$f":"'A2'!J51","v":{"$error":"#NAME?"}},{"$f":"'A2'!K51","v":{"$error":"#NAME?"}},{"$f":"'A2'!L51","v":{"$error":"#NAME?"}},{"$f":"'A2'!M51","v":{"$error":"#NAME?"}}]
["Other Current Liabilities (% of sales)",{"$f":"B22/IS!F7","v":{"$error":"#NAME?"}},null,null,{"$f":"E22/IS!F7","v":{"$error":"#NAME?"}},{"$f":"'A2'!D58","v":{"$error":"#NAME?"}},{"$f":"'A2'!E58","v":{"$error":"#NAME?"}},{"$f":"'A2'!F58","v":{"$error":"#NAME?"}},{"$f":"'A2'!G58","v":{"$error":"#NAME?"}},{"$f":"'A2'!H58","v":{"$error":"#NAME?"}},{"$f":"'A2'!I58","v":{"$error":"#NAME?"}},{"$f":"'A2'!J58","v":{"$error":"#NAME?"}},{"$f":"'A2'!K58","v":{"$error":"#NAME?"}},{"$f":"'A2'!L58","v":{"$error":"#NAME?"}},{"$f":"'A2'!M58","v":{"$error":"#NAME?"}}]

{"sheet":"CF","index":22,"n_rows":48,"n_cols":16,"rows_kept":48,"cut":false,"hidden":false,"merged":[[3,6,3,15]]}
[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Cash Flow Statement"]
[{"$f":"CONCATENATE(\"$ in millions, fiscal year ending \",_xll.BDP('P1'!B9&\" Equity\",\"CURRENT FULL FISCAL YEAR END\"))","v":{"$error":"#NAME?"}}]
[null,null,null,null,null,null,"Projection Period"]
[null,null,null,null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10"]
[null,null,null,null,null,null,{"$f":"BS!F6","v":{"$error":"#NAME?"}},{"$f":"G6+1","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Operating Activities"]
["Net Income",null,null,null,null,null,{"$f":"IS!G45","v":334.72814365670592},{"$f":"IS!H45","v":358.60994659859796},{"$f":"IS!I45","v":381.70428920083032},{"$f":"IS!J45","v":403.34907347754904},{"$f":"IS!K45","v":422.95245188625614},{"$f":"IS!L45","v":449.05134756860099},{"$f":"IS!M45","v":478.56336809532604},{"$f":"IS!N45","v":508.05187644412894},{"$f":"IS!O45","v":536.26901482462745},{"$f":"IS!P45","v":566.80946769046682}]
["Plus: Depreciation & Amortization",null,null,null,null,null,{"$f":"IS!G21","v":{"$error":"#NAME?"}},{"$f":"IS!H21","v":{"$error":"#NAME?"}},{"$f":"IS!I21","v":{"$error":"#NAME?"}},{"$f":"IS!J21","v":{"$error":"#NAME?"}},{"$f":"IS!K21","v":{"$error":"#NAME?"}},{"$f":"IS!L21","v":{"$error":"#NAME?"}},{"$f":"IS!M21","v":{"$error":"#NAME?"}},{"$f":"IS!N21","v":{"$error":"#NAME?"}},{"$f":"IS!O21","v":{"$error":"#NAME?"}},{"$f":"IS!P21","v":{"$error":"#NAME?"}}]
["Plus: Amortization of Financing Fees",null,null,null,null,null,{"$f":"IS!G38","v":{"$error":"#NAME?"}},{"$f":"IS!H38","v":{"$error":"#NAME?"}},{"$f":"IS!I38","v":{"$error":"#NAME?"}},{"$f":"IS!J38","v":{"$error":"#NAME?"}},{"$f":"IS!K38","v":{"$error":"#NAME?"}},{"$f":"IS!L38","v":{"$error":"#NAME?"}},{"$f":"IS!M38","v":{"$error":"#NAME?"}},{"$f":"IS!N38","v":{"$error":"#NAME?"}},{"$f":"IS!O38","v":{"$error":"#NAME?"}},{"$f":"IS!P38","v":{"$error":"#NAME?"}}]
[]
["Changes in Working Capital Items"]
["(Inc.) / Dec. in Accounts Receivable",null,null,null,null,null,{"$f":"BS!E9-BS!F9","v":{"$error":"#NAME?"}},{"$f":"BS!F9-BS!G9","v":{"$error":"#NAME?"}},{"$f":"BS!G9-BS!H9","v":{"$error":"#NAME?"}},{"$f":"BS!H9-BS!I9","v":{"$error":"#NAME?"}},{"$f":"BS!I9-BS!J9","v":{"$error":"#NAME?"}},{"$f":"BS!J9-BS!K9","v":{"$error":"#NAME?"}},{"$f":"BS!K9-BS!L9","v":{"$error":"#NAME?"}},{"$f":"BS!L9-BS!M9","v":{"$error":"#NAME?"}},{"$f":"BS!M9-BS!N9","v":{"$error":"#NAME?"}},{"$f":"BS!N9-BS!O9","v":{"$error":"#NAME?"}}]
["(Inc.) / Dec. in Inventories",null,null,null,null,null,{"$f":"BS!E10-BS!F10","v":{"$error":"#NAME?"}},{"$f":"BS!F10-BS!G10","v":{"$error":"#NAME?"}},{"$f":"BS!G10-BS!H10","v":{"$error":"#NAME?"}},{"$f":"BS!H10-BS!I10","v":{"$error":"#NAME?"}},{"$f":"BS!I10-BS!J10","v":{"$error":"#NAME?"}},{"$f":"BS!J10-BS!K10","v":{"$error":"#NAME?"}},{"$f":"BS!K10-BS!L10","v":{"$error":"#NAME?"}},{"$f":"BS!L10-BS!M10","v":{"$error":"#NAME?"}},{"$f":"BS!M10-BS!N10","v":{"$error":"#NAME?"}},{"$f":"BS!N10-BS!O10","v":{"$error":"#NAME?"}}]
["(Inc.) / Dec. in Prepaid and Other Current Assets",null,null,null,null,null,{"$f":"BS!E11-BS!F11","v":{"$error":"#NAME?"}},{"$f":"BS!F11-BS!G11","v":{"$error":"#NAME?"}},{"$f":"BS!G11-BS!H11","v":{"$error":"#NAME?"}},{"$f":"BS!H11-BS!I11","v":{"$error":"#NAME?"}},{"$f":"BS!I11-BS!J11","v":{"$error":"#NAME?"}},{"$f":"BS!J11-BS!K11","v":{"$error":"#NAME?"}},{"$f":"BS!K11-BS!L11","v":{"$error":"#NAME?"}},{"$f":"BS!L11-BS!M11","v":{"$error":"#NAME?"}},{"$f":"BS!M11-BS!N11","v":{"$error":"#NAME?"}},{"$f":"BS!N11-BS!O11","v":{"$error":"#NAME?"}}]
[]
["Inc. / (Dec.) in Accounts Payable",null,null,null,null,null,{"$f":"BS!F20-BS!E20","v":{"$error":"#NAME?"}},{"$f":"BS!G20-BS!F20","v":{"$error":"#NAME?"}},{"$f":"BS!H20-BS!G20","v":{"$error":"#NAME?"}},{"$f":"BS!I20-BS!H20","v":{"$error":"#NAME?"}},{"$f":"BS!J20-BS!I20","v":{"$error":"#NAME?"}},{"$f":"BS!K20-BS!J20","v":{"$error":"#NAME?"}},{"$f":"BS!L20-BS!K20","v":{"$error":"#NAME?"}},{"$f":"BS!M20-BS!L20","v":{"$error":"#NAME?"}},{"$f":"BS!N20-BS!M20","v":{"$error":"#NAME?"}},{"$f":"BS!O20-BS!N20","v":{"$error":"#NAME?"}}]
["Inc. / (Dec.) in Accrued Liabilities",null,null,null,null,null,{"$f":"BS!F21-BS!E21","v":{"$error":"#NAME?"}},{"$f":"BS!G21-BS!F21","v":{"$error":"#NAME?"}},{"$f":"BS!H21-BS!G21","v":{"$error":"#NAME?"}},{"$f":"BS!I21-BS!H21","v":{"$error":"#NAME?"}},{"$f":"BS!J21-BS!I21","v":{"$error":"#NAME?"}},{"$f":"BS!K21-BS!J21","v":{"$error":"#NAME?"}},{"$f":"BS!L21-BS!K21","v":{"$error":"#NAME?"}},{"$f":"BS!M21-BS!L21","v":{"$error":"#NAME?"}},{"$f":"BS!N21-BS!M21","v":{"$error":"#NAME?"}},{"$f":"BS!O21-BS!N21","v":{"$error":"#NAME?"}}]
["Inc. / (Dec.) in Other Current Liabilities",null,null,null,null,null,{"$f":"BS!F22-BS!E22","v":{"$error":"#NAME?"}},{"$f":"BS!G22-BS!F22","v":{"$error":"#NAME?"}},{"$f":"BS!H22-BS!G22","v":{"$error":"#NAME?"}},{"$f":"BS!I22-BS!H22","v":{"$error":"#NAME?"}},{"$f":"BS!J22-BS!I22","v":{"$error":"#NAME?"}},{"$f":"BS!K22-BS!J22","v":{"$error":"#NAME?"}},{"$f":"BS!L22-BS!K22","v":{"$error":"#NAME?"}},{"$f":"BS!M22-BS!L22","v":{"$error":"#NAME?"}},{"$f":"BS!N22-BS!M22","v":{"$error":"#NAME?"}},{"$f":"BS!O22-BS!N22","v":{"$error":"#NAME?"}}]
["(Inc.) / Dec. in Net Working Capital",null,null,null,null,null,{"$f":"SUM(G14:G20)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Cash Flow from Operating Activities",null,null,null,null,null,{"$f":"SUM(G9:G11)+G21","v":426.10064592722364},458.35788929226715,488.78638893345538,517.57806383793877,544.01200032884867,574.56079646752278,605.7840468021634,640.08556748453179,673.30823869193864,702.65907533006612]
[]
["Investing Activities"]
["Capital Expenditures",null,null,null,null,null,{"$f":"-IS!G7*G48","v":{"$error":"#NAME?"}},{"$f":"-IS!H7*H48","v":{"$error":"#NAME?"}},{"$f":"-IS!I7*I48","v":{"$error":"#NAME?"}},{"$f":"-IS!J7*J48","v":{"$error":"#NAME?"}},{"$f":"-IS!K7*K48","v":{"$error":"#NAME?"}},{"$f":"-IS!L7*L48","v":{"$error":"#NAME?"}},{"$f":"-IS!M7*M48","v":{"$error":"#NAME?"}},{"$f":"-IS!N7*N48","v":{"$error":"#NAME?"}},{"$f":"-IS!O7*O48","v":{"$error":"#NAME?"}},{"$f":"-IS!P7*P48","v":{"$error":"#NAME?"}}]
["Other Investing Activities",null,null,null,null,null,0,0,0,0,0,0,0,0,0,0]
["Cash Flow from Investing Activities",null,null,null,null,null,{"$f":"SUM(G25:G26)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Financing Activities"]
[{"$f":"BS!A26","v":"Revolving Credit Facility"},null,null,null,null,null,{"$f":"DS!G24","v":0},{"$f":"DS!H24","v":0},{"$f":"DS!I24","v":0},{"$f":"DS!J24","v":0},{"$f":"DS!K24","v":0},{"$f":"DS!L24","v":0},{"$f":"DS!M24","v":0},{"$f":"DS!N24","v":0},{"$f":"DS!O24","v":0},{"$f":"DS!P24","v":0}]
[{"$f":"BS!A27","v":"Term Loan A"},null,null,null,null,null,{"$f":"DS!G38+DS!G39","v":0},{"$f":"DS!H38+DS!H39","v":0},{"$f":"DS!I38+DS!I39","v":0},{"$f":"DS!J38+DS!J39","v":0},{"$f":"DS!K38+DS!K39","v":0},{"$f":"DS!L38+DS!L39","v":0},{"$f":"DS!M38+DS!M39","v":0},{"$f":"DS!N38+DS!N39","v":0},{"$f":"DS!O38+DS!O39","v":0},{"$f":"DS!P38+DS!P39","v":0}]
[{"$f":"BS!A28","v":"Term Loan B"},null,null,null,null,null,{"$f":"DS!G52+DS!G53","v":-323.11717319424372},{"$f":"DS!H52+DS!H53","v":-348.90108805958437},{"$f":"DS!I52+DS!I53","v":-373.28334464045008},{"$f":"DS!J52+DS!J53","v":-396.57484405615276},{"$f":"DS!K52+DS!K53","v":-418.16865175579119},{"$f":"DS!L52+DS!L53","v":-443.68371395154304},{"$f":"DS!M52+DS!M53","v":-469.67188098554448},{"$f":"DS!N52+DS!N53","v":-498.52891503524813},{"$f":"DS!O52+DS!O53","v":-17.118005994004534},{"$f":"DS!P52+DS!P53","v":0}]
[{"$f":"BS!A29","v":"Term Loan C"},null,null,null,null,null,{"$f":"DS!G66+DS!G67","v":0},{"$f":"DS!H66+DS!H67","v":0},{"$f":"DS!I66+DS!I67","v":0},{"$f":"DS!J66+DS!J67","v":0},{"$f":"DS!K66+DS!K67","v":0},{"$f":"DS!L66+DS!L67","v":0},{"$f":"DS!M66+DS!M67","v":0},{"$f":"DS!N66+DS!N67","v":0},{"$f":"DS!O66+DS!O67","v":0},{"$f":"DS!P66+DS!P67","v":0}]
[{"$f":"BS!A30","v":"2nd Lien"},null,null,null,null,null,{"$f":"DS!G107","v":0},{"$f":"DS!H107","v":0},{"$f":"DS!I107","v":0},{"$f":"DS!J107","v":0},{"$f":"DS!K107","v":0},{"$f":"DS!L107","v":0},{"$f":"DS!M107","v":0},{"$f":"DS!N107","v":0},{"$f":"DS!O107","v":0},{"$f":"DS!P107","v":0}]
[{"$f":"BS!A31","v":"Senior Notes"},null,null,null,null,null,{"$f":"DS!G119","v":0},{"$f":"DS!H119","v":0},{"$f":"DS!I119","v":0},{"$f":"DS!J119","v":0},{"$f":"DS!K119","v":0},{"$f":"DS!L119","v":0},{"$f":"DS!M119","v":0},{"$f":"DS!N119","v":0},{"$f":"DS!O119","v":0},{"$f":"DS!P119","v":0}]
[{"$f":"BS!A32","v":"Senior Subordinated Notes"},null,null,null,null,null,{"$f":"DS!G130","v":0},{"$f":"DS!H130","v":0},{"$f":"DS!I130","v":0},{"$f":"DS!J130","v":0},{"$f":"DS!K130","v":0},{"$f":"DS!L130","v":0},{"$f":"DS!M130","v":0},{"$f":"DS!N130","v":0},{"$f":"DS!O130","v":0},{"$f":"DS!P130","v":0}]
["Existing Short-Term Debt",null,null,null,null,null,{"$f":"SUM(DS!G80:G81)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!H80:H81)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!I80:I81)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!J80:J81)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!K80:K81)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!L80:L81)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!M80:M81)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!N80:N81)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!O80:O81)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!P80:P81)","v":{"$error":"#NAME?"}}]
["Existing Long-Term Debt",null,null,null,null,null,{"$f":"SUM(DS!G94:G95)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!H94:H95)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!I94:I95)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!J94:J95)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!K94:K95)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!L94:L95)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!M94:M95)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!N94:N95)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!O94:O95)","v":{"$error":"#NAME?"}},{"$f":"SUM(DS!P94:P95)","v":{"$error":"#NAME?"}}]
["Dividends",null,null,null,null,null,0,0,0,0,0,0,0,0,0,0]
["Equity Issuance / (Repurchase)",null,null,null,null,null,0,0,0,0,0,0,0,0,0,0]
["Cash Flow from Financing Activities",null,null,null,null,null,{"$f":"SUM(G30:G40)","v":-323.11717319424372},-348.90108805958437,-373.28334464045008,-396.57484405615276,-418.16865175579119,-443.68371395154304,-469.67188098554448,-498.52891503524813,-17.118005994004534,0]
[]
["Excess Cash for the Period",null,null,null,null,null,{"$f":"SUM(G22,G27,G41)","v":0},0,0,0,0,0,0,0,508.97131415067906,549.55140004092084]
["Beginning Cash Balance",null,null,null,null,null,{"$f":"BS!E8","v":{"$error":"#NAME?"}},{"$f":"BS!F8","v":0},{"$f":"BS!G8","v":0},{"$f":"BS!H8","v":0},{"$f":"BS!I8","v":0},{"$f":"BS!J8","v":0},{"$f":"BS!K8","v":0},{"$f":"BS!L8","v":0},{"$f":"BS!M8","v":0},{"$f":"BS!N8","v":508.97131415067906}]
["Ending Cash Balance",null,null,null,null,null,{"$f":"SUM(G43:G44)","v":0},0,0,0,0,0,0,0,508.97131415067906,1058.5227141915998]
[]
["Cash Flow Statement Assumptions"]
["Capital Expenditures (% of sales)",null,null,null,null,null,{"$f":"'A1'!D51","v":{"$error":"#NAME?"}},{"$f":"'A1'!E51","v":{"$error":"#NAME?"}},{"$f":"'A1'!F51","v":{"$error":"#NAME?"}},{"$f":"'A1'!G51","v":{"$error":"#NAME?"}},{"$f":"'A1'!H51","v":{"$error":"#NAME?"}},{"$f":"'A1'!I51","v":{"$error":"#NAME?"}},{"$f":"'A1'!J51","v":{"$error":"#NAME?"}},{"$f":"'A1'!K51","v":{"$error":"#NAME?"}},{"$f":"'A1'!L51","v":{"$error":"#NAME?"}},{"$f":"'A1'!M51","v":{"$error":"#NAME?"}}]

{"sheet":"DS","index":23,"n_rows":133,"n_cols":16,"rows_kept":133,"cut":false,"hidden":false,"merged":[[3,6,3,15]]}
[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Debt Schedule"]
[{"$f":"CONCATENATE(\"$ in millions, fiscal year ending \",_xll.BDP('P1'!B9&\" Equity\",\"CURRENT FULL FISCAL YEAR END\"))","v":{"$error":"#NAME?"}}]
[null,null,null,null,null,null,"Projection Period"]
[null,null,null,null,null,{"$f":"TS!F24","v":"Pro Forma"},"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10"]
["Bloomberg function <FWCV>",null,null,null,null,{"$f":"TS!F25","v":{"$error":"#NAME?"}},{"$f":"BS!F6","v":{"$error":"#NAME?"}},{"$f":"G6+1","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Forward LIBOR Curve",null,null,null,null,1.4500000000000001E-2,1.45484E-2,1.5914999999999999E-2,1.7041000000000001E-2,1.7989999999999999E-2,1.8842899999999999E-2,1.95E-2,2.0355999999999999E-2,2.1000000000000001E-2,2.15715E-2,2.2079999999999999E-2]
[]
[]
["Cash Flow from Operating Activities",null,null,null,null,null,{"$f":"CF!G22","v":426.10064592722364},{"$f":"CF!H22","v":458.35788929226715},{"$f":"CF!I22","v":488.78638893345538},{"$f":"CF!J22","v":517.57806383793877},{"$f":"CF!K22","v":544.01200032884867},{"$f":"CF!L22","v":574.56079646752278},{"$f":"CF!M22","v":605.7840468021634},{"$f":"CF!N22","v":640.08556748453179},{"$f":"CF!O22","v":673.30823869193864},{"$f":"CF!P22","v":702.65907533006612}]
["Cash Flow from Investing Activities",null,null,null,null,null,{"$f":"CF!G27","v":{"$error":"#NAME?"}},{"$f":"CF!H27","v":{"$error":"#NAME?"}},{"$f":"CF!I27","v":{"$error":"#NAME?"}},{"$f":"CF!J27","v":{"$error":"#NAME?"}},{"$f":"CF!K27","v":{"$error":"#NAME?"}},{"$f":"CF!L27","v":{"$error":"#NAME?"}},{"$f":"CF!M27","v":{"$error":"#NAME?"}},{"$f":"CF!N27","v":{"$error":"#NAME?"}},{"$f":"CF!O27","v":{"$error":"#NAME?"}},{"$f":"CF!P27","v":{"$error":"#NAME?"}}]
["Cash Available for Debt Repayment",null,null,null,null,null,{"$f":"SUM(G10:G11)","v":323.11717319424372},348.90108805958437,373.28334464045003,396.57484405615276,418.16865175579119,443.68371395154304,469.67188098554448,498.52891503524808,526.0893201446836,549.55140004092084]
["Total Mandatory Repayments",null,null,null,null,"MinCash",{"$f":"G38+G52+G66+G80+G94","v":{"$error":"#NAME?"}},-32.890476176725628,-32.890476176725628,-32.890476176725628,-32.890476176725628,-32.890476176725628,-32.890476176725628,-32.890476176725628,0,0]
["Cash From Balance Sheet",null,null,null,null,0,{"$f":"IF(TS!$P$18=1,BS!E8-$F$14,0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$18=1,BS!F8-$F$14,0)","v":0},{"$f":"IF(TS!$P$18=1,BS!G8-$F$14,0)","v":0},{"$f":"IF(TS!$P$18=1,BS!H8-$F$14,0)","v":0},{"$f":"IF(TS!$P$18=1,BS!I8-$F$14,0)","v":0},{"$f":"IF(TS!$P$18=1,BS!J8-$F$14,0)","v":0},{"$f":"IF(TS!$P$18=1,BS!K8-$F$14,0)","v":0},{"$f":"IF(TS!$P$18=1,BS!L8-$F$14,0)","v":0},{"$f":"IF(TS!$P$18=1,BS!M8-$F$14,0)","v":0},{"$f":"IF(TS!$P$18=1,BS!N8-$F$14,0)","v":508.97131415067906}]
["Cash Available for Optional Debt Repayment",null,null,null,null,null,{"$f":"SUM(G12:G14)","v":290.22669701751806},316.01061188285871,340.39286846372443,363.6843678794271,385.27817557906553,410.79323777481738,436.78140480881882,465.63843885852248,526.0893201446836,1058.5227141915998]
[]
["Revolving Credit Facility"]
["Revolving Credit Facility Size",null,null,null,null,{"$f":"CHOOSE(TS!$P$15,'A3'!B7,'A3'!C7,'A3'!D7,'A3'!E7,'A3'!F7)","v":1000}]
["Spread",null,null,null,null,2.5000000000000001E-2]
["Term",null,null,null,null,6]
["Commitment Fee on Unused Portion",null,null,null,null,5.0000000000000001E-3]
[]
["Beginning Balance",null,null,null,null,null,{"$f":"BS!E26","v":0},{"$f":"G25","v":0},0,0,0,0,0,0,0,0]
["Drawdown/(Repayment)",null,null,null,null,null,{"$f":"IF(G15>0,-MIN(G15,G23),-MIN(G15,0))","v":0},{"$f":"IF(H15>0,-MIN(H15,H23),-MIN(H15,0))","v":0},0,0,0,0,0,0,0,0]
["Ending Balance",null,null,null,null,null,{"$f":"SUM(G23:G24)","v":0},0,0,0,0,0,0,0,0,0]
[]
["Interest Rate",null,null,null,null,null,{"$f":"$F$19+G7","v":3.9548399999999997E-2},4.0915E-2,4.2041000000000002E-2,4.299E-2,4.3842900000000004E-2,4.4499999999999998E-2,4.5356E-2,4.5999999999999999E-2,4.6571500000000002E-2,4.7079999999999997E-2]
[{"$f":"IF(TS!P19=1,\"Average Interest Expense\",\"Interest Expense\")","v":"Average Interest Expense"},null,null,null,null,null,{"$f":"IF(TS!$P$19=1,G27*AVERAGE(G23,G25),G27*G25)","v":0},{"$f":"IF(TS!$P$19=1,H27*AVERAGE(H23,H25),H27*H25)","v":0},{"$f":"IF(TS!$P$19=1,I27*AVERAGE(I23,I25),I27*I25)","v":0},{"$f":"IF(TS!$P$19=1,J27*AVERAGE(J23,J25),J27*J25)","v":0},{"$f":"IF(TS!$P$19=1,K27*AVERAGE(K23,K25),K27*K25)","v":0},{"$f":"IF(TS!$P$19=1,L27*AVERAGE(L23,L25),L27*L25)","v":0},{"$f":"IF(TS!$P$19=1,M27*AVERAGE(M23,M25),M27*M25)","v":0},{"$f":"IF(TS!$P$19=1,N27*AVERAGE(N23,N25),N27*N25)","v":0},{"$f":"IF(TS!$P$19=1,O27*AVERAGE(O23,O25),O27*O25)","v":0},{"$f":"IF(TS!$P$19=1,P27*AVERAGE(P23,P25),P27*P25)","v":0}]
["Commitment Fee",null,null,null,null,null,{"$f":"$F$21*($F$18-AVERAGE(G23,G25))","v":5},5,5,5,5,5,5,5,5,5]
[]
["Term Loan A Facility"]
["Size",null,null,null,null,{"$f":"TS!B11","v":0}]
["Spread",null,null,null,null,0]
["Term",null,null,null,null,0]
["Repayment Schedule",null,null,null,null,null,0,0,0,0,0,{"$f":"1-SUM(G35:K35)","v":1}]
[]
["Beginning Balance",null,null,null,null,null,{"$f":"BS!E27","v":0},{"$f":"G40","v":0},0,0,0,0,0,0,0,0]
["Mandatory Repayments",null,null,null,null,null,{"$f":"IF((AND(G37>0,G37>($F$32*G35))),$F$32*-G35,0)","v":0},0,0,0,0,0,0,0,0,0]
["Optional Repayments",null,null,null,null,null,{"$f":"IF(TS!$P$17=1,-MIN(G15+G24,G37+G38),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(H15+H24,H37+H38),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(I15+I24,I37+I38),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(J15+J24,J37+J38),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(K15+K24,K37+K38),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(L15+L24,L37+L38),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(M15+M24,M37+M38),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(N15+N24,N37+N38),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(O15+O24,O37+O38),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(P15+P24,P37+P38),0)","v":0}]
["Ending Balanace",null,null,null,null,null,{"$f":"SUM(G37:G39)","v":0},0,0,0,0,0,0,0,0,0]
[]
["Interest Rate",null,null,null,null,null,{"$f":"$F$33+G7","v":1.45484E-2},1.5914999999999999E-2,1.7041000000000001E-2,1.7989999999999999E-2,1.8842899999999999E-2,1.95E-2,2.0355999999999999E-2,2.1000000000000001E-2,2.15715E-2,2.2079999999999999E-2]
["Interest Expense",null,null,null,null,null,{"$f":"IF(TS!$P$19,G42*AVERAGE(G37,G40),G42*G40)","v":0},{"$f":"IF(TS!$P$19,H42*AVERAGE(H37,H40),H42*H40)","v":0},{"$f":"IF(TS!$P$19,I42*AVERAGE(I37,I40),I42*I40)","v":0},{"$f":"IF(TS!$P$19,J42*AVERAGE(J37,J40),J42*J40)","v":0},{"$f":"IF(TS!$P$19,K42*AVERAGE(K37,K40),K42*K40)","v":0},{"$f":"IF(TS!$P$19,L42*AVERAGE(L37,L40),L42*L40)","v":0},{"$f":"IF(TS!$P$19,M42*AVERAGE(M37,M40),M42*M40)","v":0},{"$f":"IF(TS!$P$19,N42*AVERAGE(N37,N40),N42*N40)","v":0},{"$f":"IF(TS!$P$19,O42*AVERAGE(O37,O40),O42*O40)","v":0},{"$f":"IF(TS!$P$19,P42*AVERAGE(P37,P40),P42*P40)","v":0}]
[]
["Term Loan B Facility"]
["Size",null,null,null,null,{"$f":"TS!B12","v":3289.0476176725624}]
["Spread",null,null,null,null,0.01]
["Term",null,null,null,null,9]
["Repayment Schedule",null,null,null,null,0.01,"Per Annum, Bullet at Maturity"]
[]
["Beginning Balance",null,null,null,null,null,{"$f":"BS!E28","v":3289.0476176725624},{"$f":"G54","v":2965.9304444783183},2617.0293564187341,2243.7460117782839,1847.171167722131,1429.0025159663401,985.31880201479714,515.64692102925267,17.118005994004534,0]
["Mandatory Repayments",null,null,null,null,null,{"$f":"IF((AND(G51>0,G51>($F46*$F49))),$F46*-$F49,0)","v":-32.890476176725628},-32.890476176725628,-32.890476176725628,-32.890476176725628,-32.890476176725628,-32.890476176725628,-32.890476176725628,-32.890476176725628,0,0]
["Optional Repayments",null,null,null,null,null,{"$f":"IF(TS!$P$17=1,-MIN(G15+G24+G39,G51+G52),0)","v":-290.22669701751806},{"$f":"IF(TS!$P$17=1,-MIN(H15+H24+H39,H51+H52),0)","v":-316.01061188285871},{"$f":"IF(TS!$P$17=1,-MIN(I15+I24+I39,I51+I52),0)","v":-340.39286846372443},{"$f":"IF(TS!$P$17=1,-MIN(J15+J24+J39,J51+J52),0)","v":-363.6843678794271},{"$f":"IF(TS!$P$17=1,-MIN(K15+K24+K39,K51+K52),0)","v":-385.27817557906553},{"$f":"IF(TS!$P$17=1,-MIN(L15+L24+L39,L51+L52),0)","v":-410.79323777481738},{"$f":"IF(TS!$P$17=1,-MIN(M15+M24+M39,M51+M52),0)","v":-436.78140480881882},{"$f":"IF(TS!$P$17=1,-MIN(N15+N24+N39,N51+N52),0)","v":-465.63843885852248},{"$f":"IF(TS!$P$17=1,-MIN(O15+O24+O39,O51+O52),0)","v":-17.118005994004534},{"$f":"IF(TS!$P$17=1,-MIN(P15+P24+P39,P51+P52),0)","v":0}]
["Ending Balanace",null,null,null,null,null,{"$f":"SUM(G51:G53)","v":2965.9304444783183},2617.0293564187341,2243.7460117782839,1847.171167722131,1429.0025159663401,985.31880201479714,515.64692102925267,17.118005994004534,0,0]
[]
["Interest Rate",null,null,null,null,null,{"$f":"$F$47+G7","v":2.4548399999999998E-2},2.5915000000000001E-2,2.7041000000000003E-2,2.7990000000000001E-2,2.8842899999999998E-2,2.9499999999999998E-2,3.0356000000000001E-2,3.1E-2,3.1571500000000002E-2,3.2079999999999997E-2]
["Interest Expense",null,null,null,null,null,{"$f":"IF(TS!$P$19=1,G56*AVERAGE(G51,G54),G56*G54)","v":76.77485173045234},{"$f":"IF(TS!$P$19=1,H56*AVERAGE(H51,H54),H56*H54)","v":72.341201620123556},{"$f":"IF(TS!$P$19=1,I56*AVERAGE(I51,I54),I56*I54)","v":65.720113365707789},{"$f":"IF(TS!$P$19=1,J56*AVERAGE(J51,J54),J56*J54)","v":57.252385927108307},{"$f":"IF(TS!$P$19=1,K56*AVERAGE(K51,K54),K56*K54)","v":47.247174970629096},{"$f":"IF(TS!$P$19=1,L56*AVERAGE(L51,L54),L56*L54)","v":35.611239440221773},{"$f":"IF(TS!$P$19=1,M56*AVERAGE(M51,M54),M56*M54)","v":22.78165774436259},{"$f":"IF(TS!$P$19=1,N56*AVERAGE(N51,N54),N56*N54)","v":8.2578563688604874},{"$f":"IF(TS!$P$19=1,O56*AVERAGE(O51,O54),O56*O54)","v":0.27022056311985709},{"$f":"IF(TS!$P$19=1,P56*AVERAGE(P51,P54),P56*P54)","v":0}]
[]
["Term Loan C Facility"]
["Size",null,null,null,null,{"$f":"TS!B13","v":0}]
["Spread",null,null,null,null,0]
["Term",null,null,null,null,0]
["Repayment Schedule",null,null,null,null,0.01,"Per Annum, Bullet at Maturity"]
[]
["Beginning Balance",null,null,null,null,null,{"$f":"BS!E29","v":0},{"$f":"G68","v":0},0,0,0,0,0,0,0,0]
["Mandatory Repayments",null,null,null,null,null,{"$f":"IF((AND(G65>0,G65>($F60*$F63))),$F60*-$F63,0)","v":0},0,0,0,0,0,0,0,0,0]
["Optional Repayments",null,null,null,null,null,{"$f":"IF(TS!$P$17=1,-MIN(G15+G24+G39+G53,G65+G66),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(H15+H24+H39+H53,H65+H66),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(I15+I24+I39+I53,I65+I66),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(J15+J24+J39+J53,J65+J66),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(K15+K24+K39+K53,K65+K66),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(L15+L24+L39+L53,L65+L66),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(M15+M24+M39+M53,M65+M66),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(N15+N24+N39+N53,N65+N66),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(O15+O24+O39+O53,O65+O66),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(P15+P24+P39+P53,P65+P66),0)","v":0}]
["Ending Balanace",null,null,null,null,null,{"$f":"SUM(G65:G67)","v":0},0,0,0,0,0,0,0,0,0]
[]
["Interest Rate",null,null,null,null,null,{"$f":"$F61+G$7","v":1.45484E-2},1.5914999999999999E-2,1.7041000000000001E-2,1.7989999999999999E-2,1.8842899999999999E-2,1.95E-2,2.0355999999999999E-2,2.1000000000000001E-2,2.15715E-2,2.2079999999999999E-2]
["Interest Expense",null,null,null,null,null,{"$f":"IF(TS!$P$19=1,G70*AVERAGE(G65,G68),G70*G68)","v":0},{"$f":"IF(TS!$P$19=1,H70*AVERAGE(H65,H68),H70*H68)","v":0},{"$f":"IF(TS!$P$19=1,I70*AVERAGE(I65,I68),I70*I68)","v":0},{"$f":"IF(TS!$P$19=1,J70*AVERAGE(J65,J68),J70*J68)","v":0},{"$f":"IF(TS!$P$19=1,K70*AVERAGE(K65,K68),K70*K68)","v":0},{"$f":"IF(TS!$P$19=1,L70*AVERAGE(L65,L68),L70*L68)","v":0},{"$f":"IF(TS!$P$19=1,M70*AVERAGE(M65,M68),M70*M68)","v":0},{"$f":"IF(TS!$P$19=1,N70*AVERAGE(N65,N68),N70*N68)","v":0},{"$f":"IF(TS!$P$19=1,O70*AVERAGE(O65,O68),O70*O68)","v":0},{"$f":"IF(TS!$P$19=1,P70*AVERAGE(P65,P68),P70*P68)","v":0}]
[]
["Existing Short-Term Debt"]
["Size",null,null,null,null,0]
["Spread",null,null,null,null,0]
["Remaining Term",null,null,null,null,0]
["Repayment Schedule",null,null,null,null,0,"Per Annum, Bullet at Maturity"]
[]
["Beginning Balance",null,null,null,null,null,{"$f":"BS!E23","v":{"$error":"#NAME?"}},{"$f":"G82","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Mandatory Repayments",null,null,null,null,null,{"$f":"IF((AND(G79>0,G79>($F74*$F77))),$F74*-$F77,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Optional Repayments",null,null,null,null,null,{"$f":"IF(TS!$P$17=1,-MIN(G15+G24+G39+G53+G67,G79+G80),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(H15+H24+H39+H53+H67,H79+H80),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(I15+I24+I39+I53+I67,I79+I80),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(J15+J24+J39+J53+J67,J79+J80),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(K15+K24+K39+K53+K67,K79+K80),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(L15+L24+L39+L53+L67,L79+L80),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(M15+M24+M39+M53+M67,M79+M80),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(N15+N24+N39+N53+N67,N79+N80),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(O15+O24+O39+O53+O67,O79+O80),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(P15+P24+P39+P53+P67,P79+P80),0)","v":0}]
["Ending Balanace",null,null,null,null,null,{"$f":"SUM(G79:G81)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Interest Rate",null,null,null,null,null,{"$f":"$F75+G$7","v":1.45484E-2},1.5914999999999999E-2,1.7041000000000001E-2,1.7989999999999999E-2,1.8842899999999999E-2,1.95E-2,2.0355999999999999E-2,2.1000000000000001E-2,2.15715E-2,2.2079999999999999E-2]
["Interest Expense",null,null,null,null,null,{"$f":"IF(TS!$P$19=1,G84*AVERAGE(G79,G82),G84*G82)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,H84*AVERAGE(H79,H82),H84*H82)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,I84*AVERAGE(I79,I82),I84*I82)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,J84*AVERAGE(J79,J82),J84*J82)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,K84*AVERAGE(K79,K82),K84*K82)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,L84*AVERAGE(L79,L82),L84*L82)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,M84*AVERAGE(M79,M82),M84*M82)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,N84*AVERAGE(N79,N82),N84*N82)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,O84*AVERAGE(O79,O82),O84*O82)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,P84*AVERAGE(P79,P82),P84*P82)","v":{"$error":"#NAME?"}}]
[]
["Existing Long-Term Debt"]
["Size",null,null,null,null,0]
["Spread",null,null,null,null,0]
["Remaining Term",null,null,null,null,0]
["Repayment Schedule",null,null,null,null,0,"Per Annum, Bullet at Maturity"]
[]
["Beginning Balance",null,null,null,null,null,{"$f":"BS!E33","v":{"$error":"#NAME?"}},{"$f":"G96","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Mandatory Repayments",null,null,null,null,null,{"$f":"IF((AND(G93>0,G93>($F88*$F91))),$F88*-$F91,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Optional Repayments",null,null,null,null,null,{"$f":"IF(TS!$P$17=1,-MIN(G15+G24+G39+G53+G67+G81,G93+G94),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(H15+H24+H39+H53+H67+H81,H93+H94),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(I15+I24+I39+I53+I67+I81,I93+I94),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(J15+J24+J39+J53+J67+J81,J93+J94),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(K15+K24+K39+K53+K67+K81,K93+K94),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(L15+L24+L39+L53+L67+L81,L93+L94),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(M15+M24+M39+M53+M67+M81,M93+M94),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(N15+N24+N39+N53+N67+N81,N93+N94),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(O15+O24+O39+O53+O67+O81,O93+O94),0)","v":0},{"$f":"IF(TS!$P$17=1,-MIN(P15+P24+P39+P53+P67+P81,P93+P94),0)","v":0}]
["Ending Balanace",null,null,null,null,null,{"$f":"SUM(G93:G95)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Interest Rate",null,null,null,null,null,{"$f":"$F89+G$7","v":1.45484E-2},1.5914999999999999E-2,1.7041000000000001E-2,1.7989999999999999E-2,1.8842899999999999E-2,1.95E-2,2.0355999999999999E-2,2.1000000000000001E-2,2.15715E-2,2.2079999999999999E-2]
["Interest Expense",null,null,null,null,null,{"$f":"IF(TS!$P$19=1,G98*AVERAGE(G93,G96),G98*G96)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,H98*AVERAGE(H93,H96),H98*H96)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,I98*AVERAGE(I93,I96),I98*I96)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,J98*AVERAGE(J93,J96),J98*J96)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,K98*AVERAGE(K93,K96),K98*K96)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,L98*AVERAGE(L93,L96),L98*L96)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,M98*AVERAGE(M93,M96),M98*M96)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,N98*AVERAGE(N93,N96),N98*N96)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,O98*AVERAGE(O93,O96),O98*O96)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$19=1,P98*AVERAGE(P93,P96),P98*P96)","v":{"$error":"#NAME?"}}]
[]
["2nd Lien"]
["Size",null,null,null,null,{"$f":"TS!B14","v":0}]
["Spread",null,null,null,null,0]
["Term",null,null,null,null,0]
[]
["Beginning Balance",null,null,null,null,null,{"$f":"TS!B14","v":0},{"$f":"G108","v":0},0,0,0,0,0,0,0,0]
["Repayment",null,null,null,null,null,0,0,0,0,0,0,0,0,0,0]
["Ending Balanace",null,null,null,null,null,{"$f":"SUM(G106:G107)","v":0},0,0,0,0,0,0,0,0,0]
[]
["Interest Rate",null,null,null,null,null,{"$f":"$F103+G$7","v":1.45484E-2},1.5914999999999999E-2,1.7041000000000001E-2,1.7989999999999999E-2,1.8842899999999999E-2,1.95E-2,2.0355999999999999E-2,2.1000000000000001E-2,2.15715E-2,2.2079999999999999E-2]
["Interest Expense",null,null,null,null,null,{"$f":"IF(TS!$P$19=1,G110*AVERAGE(G106,G108),G110*G108)","v":0},{"$f":"IF(TS!$P$19=1,H110*AVERAGE(H106,H108),H110*H108)","v":0},{"$f":"IF(TS!$P$19=1,I110*AVERAGE(I106,I108),I110*I108)","v":0},{"$f":"IF(TS!$P$19=1,J110*AVERAGE(J106,J108),J110*J108)","v":0},{"$f":"IF(TS!$P$19=1,K110*AVERAGE(K106,K108),K110*K108)","v":0},{"$f":"IF(TS!$P$19=1,L110*AVERAGE(L106,L108),L110*L108)","v":0},{"$f":"IF(TS!$P$19=1,M110*AVERAGE(M106,M108),M110*M108)","v":0},{"$f":"IF(TS!$P$19=1,N110*AVERAGE(N106,N108),N110*N108)","v":0},{"$f":"IF(TS!$P$19=1,O110*AVERAGE(O106,O108),O110*O108)","v":0},{"$f":"IF(TS!$P$19=1,P110*AVERAGE(P106,P108),P110*P108)","v":0}]
[]
["Senior Notes"]
["Size",null,null,null,null,{"$f":"TS!B15","v":0}]
["Coupon",null,null,null,null,0]
["Term",null,null,null,null,0]
[]
["Beginning Balance",null,null,null,null,null,{"$f":"BS!E31","v":0},{"$f":"G120","v":0},0,0,0,0,0,0,0,0]
["Repayment",null,null,null,null,null,0,0,0,0,0,0,0,0,0,0]
["Ending Balanace",null,null,null,null,null,{"$f":"SUM(G118:G119)","v":0},0,0,0,0,0,0,0,0,0]
[]
["Interest Expense",null,null,null,null,null,{"$f":"$F$115*AVERAGE(G118,G120)","v":0},0,0,0,0,0,0,0,0,0]
[]
["Senior Subordinated Notes"]
["Size",null,null,null,null,{"$f":"TS!B16","v":0}]
["Coupon",null,null,null,null,0]
["Term",null,null,null,null,10]
[]
["Beginning Balance",null,null,null,null,null,{"$f":"BS!E32","v":0},{"$f":"G131","v":0},0,0,0,0,0,0,0,0]
["Repayment",null,null,null,null,null,0,0,0,0,0,0,0,0,0,0]
["Ending Balanace",null,null,null,null,null,{"$f":"SUM(G129:G130)","v":0},0,0,0,0,0,0,0,0,0]
[]
["Interest Expense",null,null,null,null,null,{"$f":"$F$126*AVERAGE(G129,G131)","v":0},0,0,0,0,0,0,0,0,0]

{"sheet":"RA","index":24,"n_rows":43,"n_cols":14,"rows_kept":43,"cut":false,"hidden":false,"merged":[[3,4,3,13]]}
[{"$f":"'P1'!A1","v":"OLD DOMINION FREIGHT LINE"}]
["Returns Analysis"]
[{"$f":"CONCATENATE(\"$ in millions, fiscal year ending \",_xll.BDP('P1'!B9&\" Equity\",\"CURRENT FULL FISCAL YEAR END\"))","v":{"$error":"#NAME?"}}]
[null,null,null,null,"Projection Period"]
[null,null,null,{"$f":"TS!F24","v":"Pro Forma"},"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10"]
[null,null,null,{"$f":"TS!F25","v":{"$error":"#NAME?"}},{"$f":"BS!F6","v":{"$error":"#NAME?"}},{"$f":"E6+1","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Entry EBITDA Multiple",null,9.4]
["Initial Equity Investment",null,null,{"$f":"TS!B17","v":{"$error":"#NAME?"}}]
["EBITDA",null,null,null,{"$f":"IS!G18","v":{"$error":"#NAME?"}},{"$f":"IS!H18","v":{"$error":"#NAME?"}},{"$f":"IS!I18","v":{"$error":"#NAME?"}},{"$f":"IS!J18","v":{"$error":"#NAME?"}},{"$f":"IS!K18","v":{"$error":"#NAME?"}},{"$f":"IS!L18","v":{"$error":"#NAME?"}},{"$f":"IS!M18","v":{"$error":"#NAME?"}},{"$f":"IS!N18","v":{"$error":"#NAME?"}},{"$f":"IS!O18","v":{"$error":"#NAME?"}},{"$f":"IS!P18","v":{"$error":"#NAME?"}}]
["Exit EBITDA Multiple",null,8]
["Enterprise Value at Exit",null,null,null,{"$f":"E9*$C$10","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Less: Net Debt"]
["Revolving Credit Facility",null,null,null,{"$f":"BS!F26","v":0},{"$f":"BS!G26","v":0},{"$f":"BS!H26","v":0},{"$f":"BS!I26","v":0},{"$f":"BS!J26","v":0},{"$f":"BS!K26","v":0},{"$f":"BS!L26","v":0},{"$f":"BS!M26","v":0},{"$f":"BS!N26","v":0},{"$f":"BS!O26","v":0}]
["Term Loan A",null,null,null,{"$f":"BS!F27","v":0},{"$f":"BS!G27","v":0},{"$f":"BS!H27","v":0},{"$f":"BS!I27","v":0},{"$f":"BS!J27","v":0},{"$f":"BS!K27","v":0},{"$f":"BS!L27","v":0},{"$f":"BS!M27","v":0},{"$f":"BS!N27","v":0},{"$f":"BS!O27","v":0}]
["Term Loan B",null,null,null,{"$f":"BS!F28","v":2965.9304444783183},{"$f":"BS!G28","v":2617.0293564187341},{"$f":"BS!H28","v":2243.7460117782839},{"$f":"BS!I28","v":1847.171167722131},{"$f":"BS!J28","v":1429.0025159663401},{"$f":"BS!K28","v":985.31880201479714},{"$f":"BS!L28","v":515.64692102925267},{"$f":"BS!M28","v":17.118005994004534},{"$f":"BS!N28","v":0},{"$f":"BS!O28","v":0}]
["Term Loan C",null,null,null,{"$f":"BS!F29","v":0},{"$f":"BS!G29","v":0},{"$f":"BS!H29","v":0},{"$f":"BS!I29","v":0},{"$f":"BS!J29","v":0},{"$f":"BS!K29","v":0},{"$f":"BS!L29","v":0},{"$f":"BS!M29","v":0},{"$f":"BS!N29","v":0},{"$f":"BS!O29","v":0}]
["2nd Lien",null,null,null,{"$f":"BS!F30","v":0},{"$f":"BS!G30","v":0},{"$f":"BS!H30","v":0},{"$f":"BS!I30","v":0},{"$f":"BS!J30","v":0},{"$f":"BS!K30","v":0},{"$f":"BS!L30","v":0},{"$f":"BS!M30","v":0},{"$f":"BS!N30","v":0},{"$f":"BS!O30","v":0}]
["Senior Notes",null,null,null,{"$f":"BS!F31","v":0},{"$f":"BS!G31","v":0},{"$f":"BS!H31","v":0},{"$f":"BS!I31","v":0},{"$f":"BS!J31","v":0},{"$f":"BS!K31","v":0},{"$f":"BS!L31","v":0},{"$f":"BS!M31","v":0},{"$f":"BS!N31","v":0},{"$f":"BS!O31","v":0}]
["Senior Subordinated Notes",null,null,null,{"$f":"BS!F32","v":0},{"$f":"BS!G32","v":0},{"$f":"BS!H32","v":0},{"$f":"BS!I32","v":0},{"$f":"BS!J32","v":0},{"$f":"BS!K32","v":0},{"$f":"BS!L32","v":0},{"$f":"BS!M32","v":0},{"$f":"BS!N32","v":0},{"$f":"BS!O32","v":0}]
["Existing Long Term Borrowing",null,null,null,{"$f":"BS!F33","v":{"$error":"#NAME?"}},{"$f":"BS!G33","v":{"$error":"#NAME?"}},{"$f":"BS!H33","v":{"$error":"#NAME?"}},{"$f":"BS!I33","v":{"$error":"#NAME?"}},{"$f":"BS!J33","v":{"$error":"#NAME?"}},{"$f":"BS!K33","v":{"$error":"#NAME?"}},{"$f":"BS!L33","v":{"$error":"#NAME?"}},{"$f":"BS!M33","v":{"$error":"#NAME?"}},{"$f":"BS!N33","v":{"$error":"#NAME?"}},{"$f":"BS!O33","v":{"$error":"#NAME?"}}]
["Total Debt",null,null,null,{"$f":"SUM(E14:E21)","v":2965.9304444783183},2617.0293564187341,2243.7460117782839,1847.171167722131,1429.0025159663401,985.31880201479714,515.64692102925267,17.118005994004534,0,0]
["Less: Cash and Cash Equivalents",null,null,null,{"$f":"BS!F8","v":0},{"$f":"BS!G8","v":0},{"$f":"BS!H8","v":0},{"$f":"BS!I8","v":0},{"$f":"BS!J8","v":0},{"$f":"BS!K8","v":0},{"$f":"BS!L8","v":0},{"$f":"BS!M8","v":0},{"$f":"BS!N8","v":508.97131415067906},{"$f":"BS!O8","v":1058.5227141915998}]
["Net Debt",null,null,null,{"$f":"E22-E23","v":2965.9304444783183},2617.0293564187341,2243.7460117782839,1847.171167722131,1429.0025159663401,985.31880201479714,515.64692102925267,17.118005994004534,-508.97131415067906,-1058.5227141915998]
[]
["Equity Value at Exit",null,null,null,{"$f":"E11-E24","v":2525.1661430303475},3219.2262269096345,3914.8962978344953,4604.7414507629401,5280.9866072581344,5993.0698861386563,6741.877314650339,7530.7071991127714,8358.7095274617241,9222.2504560350881]
[]
["Cash Return",null,null,null,{"$f":"IF(ISERROR(E26/$D$8),\"NM\",E26/$D$8)","v":1.4682814335736252},1.8718491503978179,2.2763530092235316,2.6774699150878205,3.0706789760308064,3.4847264478869722,3.9201275194720271,4.3788000217946985,4.8602497074029252,5.3623636439669635]
[]
[null,null,null,null,{"$f":"E5","v":"Year 1"},"Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10"]
[null,null,null,null,{"$f":"E6","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Initial Equity Investment",null,null,null,{"$f":"-D8","v":{"$error":"#NAME?"}},{"$f":"E32","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Equity Proceeds",null,null,null,{"$f":"E26","v":2525.1661430303475},0,0,0,0,0,0,0,0,0]
[null,null,null,null,null,{"$f":"F$26+SUM(F33)","v":3219.2262269096345},0,0,0,0,0,0,0,0]
[null,null,null,null,null,null,{"$f":"G$26+SUM(G33:G34)","v":3914.8962978344953},0,0,0,0,0,0,0]
[null,null,null,null,null,null,null,{"$f":"H$26+SUM(H33:H35)","v":4604.7414507629401},0,0,0,0,0,0]
[null,null,null,null,null,null,null,null,{"$f":"I$26+SUM(I33:I36)","v":5280.9866072581344},0,0,0,0,0]
[null,null,null,null,null,null,null,null,null,{"$f":"J$26+SUM(J33:J37)","v":5993.0698861386563},0,0,0,0]
[null,null,null,null,null,null,null,null,null,null,{"$f":"K$26+SUM(K33:K38)","v":6741.877314650339},0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,{"$f":"L$26+SUM(L33:L39)","v":7530.7071991127714},0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"M$26+SUM(M33:M40)","v":8358.7095274617241},0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"N$26+SUM(N33:N41)","v":9222.2504560350881}]
["IRR",null,null,null,{"$f":"IF(ISERROR(IRR(E32:E42)),\"NA\",IRR(E32:E42))","v":"NA"},"NA","NA","NA","NA","NA","NA","NA","NA","NA"]

{"sheet":"A1","index":25,"n_rows":56,"n_cols":13,"rows_kept":56,"cut":false,"hidden":false,"merged":[[2,3,2,12]]}
["Assumptions Page 1 - Income Statement and Cash Flow Statement"]
[]
[null,null,null,"Projection Period"]
[null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10"]
[null,null,null,{"$f":"TS!G25","v":{"$error":"#NAME?"}},{"$f":"D5+1","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Income Statement Assumptions"]
["Sales (% growth)",null,null,{"$f":"CHOOSE(TS!$P$16,D9,D10,D11,D12,D13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E9,E10,E11,E12,E13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F9,F10,F11,F12,F13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G9,G10,G11,G12,G13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H9,H10,H11,H12,H13)","v":0.04},{"$f":"CHOOSE(TS!$P$16,I9,I10,I11,I12,I13)","v":0.04},{"$f":"CHOOSE(TS!$P$16,J9,J10,J11,J12,J13)","v":0.04},{"$f":"CHOOSE(TS!$P$16,K9,K10,K11,K12,K13)","v":0.04},{"$f":"CHOOSE(TS!$P$16,L9,L10,L11,L12,L13)","v":0.04},{"$f":"CHOOSE(TS!$P$16,M9,M10,M11,M12,M13)","v":0.04}]
["Base",null,1,{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BEST SALES MEDIAN\",\"BEST FPERIOD OVERRIDE=2FY\")/IS!F7-1","v":{"$error":"#NAME?"}},{"$f":"D9+($H$9-$D$9)/4","v":{"$error":"#NAME?"}},{"$f":"E9+($H$9-$D$9)/4","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},0.04,{"$f":"H9","v":0.04},{"$f":"I9","v":0.04},0.04,0.04,0.04]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Cost of Goods Sold (% sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D16,D17,D18,D19,D20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E16,E17,E18,E19,E20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F16,F17,F18,F19,F20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G16,G17,G18,G19,G20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H16,H17,H18,H19,H20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I16,I17,I18,I19,I20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J16,J17,J18,J19,J20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K16,K17,K18,K19,K20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L16,L17,L18,L19,L20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M16,M17,M18,M19,M20)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"IS!F50","v":{"$error":"#NAME?"}},{"$f":"D16","v":{"$error":"#NAME?"}},{"$f":"E16","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["SG&A (% of sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D23,D24,D25,D26,D27)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E23,E24,E25,E26,E27)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F23,F24,F25,F26,F27)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G23,G24,G25,G26,G27)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H23,H24,H25,H26,H27)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I23,I24,I25,I26,I27)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J23,J24,J25,J26,J27)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K23,K24,K25,K26,K27)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L23,L24,L25,L26,L27)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M23,M24,M25,M26,M27)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"IS!F51","v":{"$error":"#NAME?"}},{"$f":"D23","v":{"$error":"#NAME?"}},{"$f":"E23","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Other Expense / (Income) (% of sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D30,D31,D32,D33,D34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E30,E31,E32,E33,E34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F30,F31,F32,F33,F34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G30,G31,G32,G33,G34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H30,H31,H32,H33,H34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I30,I31,I32,I33,I34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J30,J31,J32,J33,J34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K30,K31,K32,K33,K34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L30,L31,L32,L33,L34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M30,M31,M32,M33,M34)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"IS!F52","v":{"$error":"#NAME?"}},{"$f":"D30","v":{"$error":"#NAME?"}},{"$f":"E30","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Depreciation & Amortization (% sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D37,D38,D39,D40,D41)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E37,E38,E39,E40,E41)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F37,F38,F39,F40,F41)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G37,G38,G39,G40,G41)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H37,H38,H39,H40,H41)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I37,I38,I39,I40,I41)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J37,J38,J39,J40,J41)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K37,K38,K39,K40,K41)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L37,L38,L39,L40,L41)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M37,M38,M39,M40,M41)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"IS!F53","v":{"$error":"#NAME?"}},{"$f":"D37","v":{"$error":"#NAME?"}},{"$f":"E37","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Interest Income",null,null,{"$f":"CHOOSE(TS!$P$16,D44,D45,D46,D47,D48)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E44,E45,E46,E47,E48)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F44,F45,F46,F47,F48)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G44,G45,G46,G47,G48)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H44,H45,H46,H47,H48)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I44,I45,I46,I47,I48)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J44,J45,J46,J47,J48)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K44,K45,K46,K47,K48)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L44,L45,L46,L47,L48)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M44,M45,M46,M47,M48)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"IS!F54","v":{"$error":"#NAME?"}},{"$f":"D44","v":{"$error":"#NAME?"}},{"$f":"E44","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Cash Flow Statement Assumptions"]
["Capital Expenditures (% of sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D52,D53,D54,D55,D56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E52,E53,E54,E55,E56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F52,F53,F54,F55,F56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G52,G53,G54,G55,G56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H52,H53,H54,H55,H56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I52,I53,I54,I55,I56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J52,J53,J54,J55,J56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K52,K53,K54,K55,K56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L52,L53,L54,L55,L56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M52,M53,M54,M55,M56)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"CAPEX!E16","v":{"$error":"#NAME?"}},{"$f":"D52","v":{"$error":"#NAME?"}},{"$f":"E52","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]

{"sheet":"A2","index":26,"n_rows":63,"n_cols":13,"rows_kept":63,"cut":false,"hidden":false,"merged":[[2,3,2,12]]}
["Assumptions Page 2 - Balance Sheet"]
[]
[null,null,null,"Projection Period"]
[null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10"]
[null,null,null,{"$f":"TS!G25","v":{"$error":"#NAME?"}},{"$f":"D5+1","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[]
["Current Assets"]
["Days Sales Outstanding (DSO)",null,null,{"$f":"CHOOSE(TS!$P$16,D9,D10,D11,D12,D13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E9,E10,E11,E12,E13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F9,F10,F11,F12,F13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G9,G10,G11,G12,G13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H9,H10,H11,H12,H13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I9,I10,I11,I12,I13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J9,J10,J11,J12,J13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K9,K10,K11,K12,K13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L9,L10,L11,L12,L13)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M9,M10,M11,M12,M13)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"BS!E50","v":{"$error":"#NAME?"}},{"$f":"D9","v":{"$error":"#NAME?"}},{"$f":"E9","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Inventories (% sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D16,D17,D18,D19,D20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E16,E17,E18,E19,E20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F16,F17,F18,F19,F20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G16,G17,G18,G19,G20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H16,H17,H18,H19,H20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I16,I17,I18,I19,I20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J16,J17,J18,J19,J20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K16,K17,K18,K19,K20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L16,L17,L18,L19,L20)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M16,M17,M18,M19,M20)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"BS!E51","v":{"$error":"#NAME?"}},{"$f":"D16","v":{"$error":"#NAME?"}},{"$f":"E16","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Days Inventory Held (DIH)",null,null,{"$f":"CHOOSE(TS!$P$16,D23,D24,D25,D26,D27)","v":0},{"$f":"CHOOSE(TS!$P$16,E23,E24,E25,E26,E27)","v":0},{"$f":"CHOOSE(TS!$P$16,F23,F24,F25,F26,F27)","v":0},{"$f":"CHOOSE(TS!$P$16,G23,G24,G25,G26,G27)","v":0},{"$f":"CHOOSE(TS!$P$16,H23,H24,H25,H26,H27)","v":0},{"$f":"CHOOSE(TS!$P$16,I23,I24,I25,I26,I27)","v":0},{"$f":"CHOOSE(TS!$P$16,J23,J24,J25,J26,J27)","v":0},{"$f":"CHOOSE(TS!$P$16,K23,K24,K25,K26,K27)","v":0},{"$f":"CHOOSE(TS!$P$16,L23,L24,L25,L26,L27)","v":0},{"$f":"CHOOSE(TS!$P$16,M23,M24,M25,M26,M27)","v":0}]
["Base",null,1,{"$f":"BS!E52","v":0},{"$f":"D23","v":0},{"$f":"E23","v":0},0,0,0,0,0,0,0]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Prepaids and Other Current Assets (% sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D30,D31,D32,D33,D34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E30,E31,E32,E33,E34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F30,F31,F32,F33,F34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G30,G31,G32,G33,G34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H30,H31,H32,H33,H34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I30,I31,I32,I33,I34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J30,J31,J32,J33,J34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K30,K31,K32,K33,K34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L30,L31,L32,L33,L34)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M30,M31,M32,M33,M34)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"BS!E53","v":{"$error":"#NAME?"}},{"$f":"D30","v":{"$error":"#NAME?"}},{"$f":"E30","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Current Liabilities"]
["Accounts Payable (% sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D38,D39,D40,D41,D42)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E38,E39,E40,E41,E42)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F38,F39,F40,F41,F42)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G38,G39,G40,G41,G42)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H38,H39,H40,H41,H42)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I38,I39,I40,I41,I42)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J38,J39,J40,J41,J42)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K38,K39,K40,K41,K42)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L38,L39,L40,L41,L42)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M38,M39,M40,M41,M42)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"BS!E56","v":{"$error":"#NAME?"}},{"$f":"D38","v":{"$error":"#NAME?"}},{"$f":"E38","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Days Payable Outstanding (DPO)",null,null,{"$f":"CHOOSE(TS!$P$16,D45,D46,D47,D48,D49)","v":0},{"$f":"CHOOSE(TS!$P$16,E45,E46,E47,E48,E49)","v":0},{"$f":"CHOOSE(TS!$P$16,F45,F46,F47,F48,F49)","v":0},{"$f":"CHOOSE(TS!$P$16,G45,G46,G47,G48,G49)","v":0},{"$f":"CHOOSE(TS!$P$16,H45,H46,H47,H48,H49)","v":0},{"$f":"CHOOSE(TS!$P$16,I45,I46,I47,I48,I49)","v":0},{"$f":"CHOOSE(TS!$P$16,J45,J46,J47,J48,J49)","v":0},{"$f":"CHOOSE(TS!$P$16,K45,K46,K47,K48,K49)","v":0},{"$f":"CHOOSE(TS!$P$16,L45,L46,L47,L48,L49)","v":0},{"$f":"CHOOSE(TS!$P$16,M45,M46,M47,M48,M49)","v":0}]
["Base",null,1,{"$f":"BS!E57","v":0},{"$f":"D45","v":0},{"$f":"E45","v":0},0,0,0,0,0,0,0]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Accrued Liabilities (% sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D52,D53,D54,D55,D56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E52,E53,E54,E55,E56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F52,F53,F54,F55,F56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G52,G53,G54,G55,G56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H52,H53,H54,H55,H56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I52,I53,I54,I55,I56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J52,J53,J54,J55,J56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K52,K53,K54,K55,K56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L52,L53,L54,L55,L56)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M52,M53,M54,M55,M56)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"BS!E58","v":{"$error":"#NAME?"}},{"$f":"D52","v":{"$error":"#NAME?"}},{"$f":"E52","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]
[]
["Other Current Liabilities (% sales)",null,null,{"$f":"CHOOSE(TS!$P$16,D59,D60,D61,D62,D63)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,E59,E60,E61,E62,E63)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,F59,F60,F61,F62,F63)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,G59,G60,G61,G62,G63)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,H59,H60,H61,H62,H63)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,I59,I60,I61,I62,I63)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,J59,J60,J61,J62,J63)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,K59,K60,K61,K62,K63)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,L59,L60,L61,L62,L63)","v":{"$error":"#NAME?"}},{"$f":"CHOOSE(TS!$P$16,M59,M60,M61,M62,M63)","v":{"$error":"#NAME?"}}]
["Base",null,1,{"$f":"BS!E59","v":{"$error":"#NAME?"}},{"$f":"D59","v":{"$error":"#NAME?"}},{"$f":"E59","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Sponsor",null,2]
["Management",null,3]
["Downside 1",null,4]
["Downside 2",null,5]

{"sheet":"A3","index":27,"n_rows":65,"n_cols":18,"rows_kept":65,"cut":false,"hidden":false,"merged":[[3,1,3,5],[35,4,35,5]]}
["Assumptions Page 3 - Financing Structures and Fees"]
[]
["Financing Structures",null,null,null,null,null,null,"Purchase Price"]
[null,"Structure",null,null,null,null,null,"Public / Private Target",null,null,null,1]
[null,1,2,3,4,5,null,"Product / Service Target",null,null,null,1]
["Source of Funds","Structure 1","Structure 2","Structure 3","Structure 4","Status Quo",null,{"$f":"IF(L4=1,\"Offer Price per Share\",\" \")","v":"Offer Price per Share"},null,null,null,18.729617941405323]
["Revolving Credit Facility Size",1000,1000,1000,1000,0,null,{"$f":"IF(L4=1,\" \",\"Entry EBITDA Multiple\")","v":" "},null,null,null,{"$f":"IF(L4=1,\" \",RA!C7)","v":" "}]
["Revolving Credit Facility Draw",0,0,250,0,0,null,{"$f":"IF(L4=1,\"Fully Diluted Shares Outstanding\",\"LTM \"&TS!E25&\" EBITDA\")","v":"Fully Diluted Shares Outstanding"},null,null,null,{"$f":"IF(L4=1,L27,TS!F30)","v":{"$error":"#NAME?"}}]
["Term Loan A",0,0,0,0,0,null,{"$f":"IF(L4=1,\"Equity Purchase Price\",\"Enterprise Value\")","v":"Equity Purchase Price"},null,null,null,{"$f":"IF(L4=1,L6*L8,L7*L8)","v":{"$error":"#NAME?"}}]
["Term Loan B",3289.0476176725624,0,0,0,0]
["Term Loan C",0,0,0,0,0,null,{"$f":"IF(L4=1,\"Plus: Total Debt\",\"Less: Total Debt\")","v":"Plus: Total Debt"},null,null,null,{"$f":"IF($L$4=1,SUM(BS!B23,BS!B33),-SUM(BS!B23,BS!B33))","v":{"$error":"#NAME?"}}]
["2nd Lien",0,0,0,0,0,null,{"$f":"IF(L4=1,\"Plus: Preferred Securities\",\"Less: Preferred Securities\")","v":"Plus: Preferred Securities"},null,null,null,{"$f":"IF($L$4=1,_xll.BDP('P1'!B9&\" Equity\",\"BS PFD EQTY & HYBRID CPTL\",\"FUND PER=Y\"),-_xll.BDP('P1'!B9&\" Equity\",\"BS PFD EQTY & HYBRID CPTL\",\"FUND PER=Y\"))","v":{"$error":"#NAME?"}},null,null,null,null,null,"% of Total"]
["Senior Notes",0,0,0,0,0,null,{"$f":"IF(L4=1,\"Plus: Noncontrolling Interest\",\"Less: Noncontrolling Interest\")","v":"Plus: Noncontrolling Interest"},null,null,null,{"$f":"IF($L$4=1,_xll.BDP('P1'!B9&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=Y\"),-_xll.BDP('P1'!B9&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=Y\"))","v":{"$error":"#NAME?"}},null,null,null,null,null,"Sources"]
["Senior Subordinated Notes",0,0,0,0,0,null,{"$f":"IF(L4=1,\"Plus: Other Claims on Assets\",\"Less: Other Claims on Assets\")","v":"Plus: Other Claims on Assets"},null,null,null,0,null,null,null,null,"Equity Contribution",{"$f":"TS!C17","v":{"$error":"#NAME?"}}]
["Equity Contribution",{"$f":"SUM(B22:B32)-SUM(B8:B14,B16:B18)","v":{"$error":"#NAME?"}},{"$f":"SUM(C22:C32)-SUM(C8:C14,C16:C18)","v":{"$error":"#NAME?"}},{"$f":"SUM(D22:D32)-SUM(D8:D14,D16:D18)","v":{"$error":"#NAME?"}},{"$f":"SUM(E22:E32)-SUM(E8:E14,E16:E18)","v":{"$error":"#NAME?"}},{"$f":"SUM(F22:F32)-SUM(F8:F14,F16:F18)","v":{"$error":"#NAME?"}},null,{"$f":"IF(L4=1,\"Less: Financial Subsidiary Adjustment\",\"Plus: Financial Subsidiary Adjustment\")","v":"Less: Financial Subsidiary Adjustment"},null,null,null,{"$f":"IF($L$4=1,-IF(_xll.BDP('P1'!B9&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=Y\")=\"#N/A N/A\",0,_xll.BDP('P1'!B9&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=Y\")),IF(_xll.BDP('P1'!B9&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=Y\")=\"#N/A N/A\",0,_xll.BDP('P1'!B9&\" Equity\",\"ENTERPRISE VALUE ADJUSTMENT\",\"FUND PER=Y\")))","v":{"$error":"#NAME?"}}]
["Rollover Equity",0,0,0,0,0,null,{"$f":"IF(L4=1,\"Less: Cash and Cash Equivalents\",\"Plus: Cash and Cash Equivalents\")","v":"Less: Cash and Cash Equivalents"},null,null,null,{"$f":"IF($L$4=1,-_xll.BDP('P1'!B9&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=Y\"),_xll.BDP('P1'!B9&\" Equity\",\"CASH_AND_MARKETABLE_SECURITIES\",\"FUND PER=Y\"))","v":{"$error":"#NAME?"}},null,null,null,null,"Enterprise Value",{"$f":"V!C7","v":{"$error":"#NUM!"}}]
["Cash on Hand",{"$f":"BS!B8","v":{"$error":"#NAME?"}},{"$f":"B17","v":{"$error":"#NAME?"}},{"$f":"C17","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},0,null,{"$f":"IF(L4=1,\"Enterprise Value\",\"Equity Purchase Price\")","v":"Enterprise Value"},null,null,null,{"$f":"SUM(L9:L16)","v":{"$error":"#NAME?"}},null,null,null,null,"Estimate"]
["-",0,0,0,0,0]
["Total Sources of Funds",{"$f":"SUM(B8:B18)","v":{"$error":"#NAME?"}},{"$f":"SUM(C8:C18)","v":{"$error":"#NAME?"}},{"$f":"SUM(D8:D18)","v":{"$error":"#NAME?"}},{"$f":"SUM(E8:E18)","v":{"$error":"#NAME?"}},{"$f":"SUM(F8:F18)","v":{"$error":"#NAME?"}},null,"Calculation of Fully Diluted Shares Outstanding"]
[null,null,null,null,null,null,null,"Offer Price per Share",null,null,null,{"$f":"IF(L4=1,L6,\" \")","v":18.729617941405323}]
["Uses of Funds"]
["Equity Purchase Price",{"$f":"IF($L$4=1,$L$9,$L$17)","v":{"$error":"#NAME?"}},{"$f":"IF($L$4=1,$L$9,$L$17)","v":{"$error":"#NAME?"}},{"$f":"IF($L$4=1,$L$9,$L$17)","v":{"$error":"#NAME?"}},{"$f":"IF($L$4=1,$L$9,$L$17)","v":{"$error":"#NAME?"}},{"$f":"IF($L$4=1,$L$9,$L$17)","v":{"$error":"#NAME?"}},null,"Basic Shares Outstanding",null,null,null,{"$f":"_xll.BDP('P1'!B9&\" Equity\",\"IS AVG NUM SH FOR EPS\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}}]
["Repay Existing Short-Term Debt",{"$f":"+BS!$B$23","v":{"$error":"#NAME?"}},{"$f":"+BS!$B$23","v":{"$error":"#NAME?"}},{"$f":"+BS!$B$23","v":{"$error":"#NAME?"}},{"$f":"+BS!$B$23","v":{"$error":"#NAME?"}},{"$f":"+BS!$B$23","v":{"$error":"#NAME?"}},null,"Plus: Shares from In-the Money Options",null,null,null,{"$f":"K37","v":0}]
["Repay Existing Long-Term Debt",{"$f":"BS!$B$33","v":{"$error":"#NAME?"}},{"$f":"BS!$B$33","v":{"$error":"#NAME?"}},{"$f":"BS!$B$33","v":{"$error":"#NAME?"}},{"$f":"BS!$B$33","v":{"$error":"#NAME?"}},{"$f":"BS!$B$33","v":{"$error":"#NAME?"}},null,"Less: Shares Repurchased",null,null,null,{"$f":"IF(ISERROR(-L37/L20),0,-L37/L20)","v":0}]
["Preferred Securities",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS PFD EQTY & HYBRID CPTL\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS PFD EQTY & HYBRID CPTL\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS PFD EQTY & HYBRID CPTL\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS PFD EQTY & HYBRID CPTL\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"BS PFD EQTY & HYBRID CPTL\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},null,"Net New Shares from Options",null,null,null,{"$f":"IF(ISERROR(L23+L24),0,L23+L24)","v":0}]
["Noncontrolling Interest",{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},{"$f":"_xll.BDP('P1'!$B$9&\" Equity\",\"MINORITY_NONCONTROLLING_INTEREST\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}},null,"Plus: Shares from Convertible Securities",null,null,null,{"$f":"L47","v":0}]
["Tender / Call Premiums",0,0,0,0,0,null,"Fully Diluted Shares Outstanding",null,null,null,{"$f":"_xll.BDP('P1'!B9&\" Equity\",\"IS SH FOR DILUTED EPS\",\"FUND PER=Y\")","v":{"$error":"#NAME?"}}]
["Financing Fees",{"$f":"F48","v":80.058333309269841},{"$f":"F48","v":80.058333309269841},{"$f":"F48","v":80.058333309269841},{"$f":"F48","v":80.058333309269841},{"$f":"F48","v":80.058333309269841}]
["Other Fees and Expenses",15,15,15,15,0,null,"Options/Warrants"]
["-",0,0,0,0,0,null,null,"Number of","Exercise","In-the-Money"]
["-",0,0,0,0,0,null,"Tranche","Shares","Price","Shares","Proceeds"]
["-",0,0,0,0,0,null,"Tranche 1",0,0,{"$f":"IF(J32<$L$20,I32,0)","v":0},{"$f":"K32*J32","v":0}]
["Total Uses of Funds",{"$f":"SUM(B22:B32)","v":{"$error":"#NAME?"}},{"$f":"SUM(C22:C32)","v":{"$error":"#NAME?"}},{"$f":"SUM(D22:D32)","v":{"$error":"#NAME?"}},{"$f":"SUM(E22:E32)","v":{"$error":"#NAME?"}},{"$f":"SUM(F22:F32)","v":{"$error":"#NAME?"}},null,"Tranche 2",0,0,{"$f":"IF(J33<$L$20,I33,0)","v":0},{"$f":"K33*J33","v":0}]
[null,null,null,null,null,null,null,"Tranche 3",0,0,{"$f":"IF(J34<$L$20,I34,0)","v":0},{"$f":"K34*J34","v":0}]
["Financing Fees",null,null,null,null,null,null,"Tranche 4",0,0,{"$f":"IF(J35<$L$20,I35,0)","v":0},{"$f":"K35*J35","v":0}]
[null,null,null,null,"Fees",null,null,"Tranche 5",0,0,{"$f":"IF(J36<$L$20,I36,0)","v":0},{"$f":"K36*J36","v":0}]
[null,{"$f":"CHOOSE(TS!P15,B6,C6,D6,E6,F6)","v":"Structure 1"},null,"Size","(%)","($)",null,"Total",{"$f":"SUM(I32:I36)","v":0},null,{"$f":"SUM(K32:K36)","v":0},{"$f":"SUM(L32:L36)","v":0}]
[{"$f":"A7","v":"Revolving Credit Facility Size"},null,null,{"$f":"CHOOSE(TS!$P$15,B7,C7,D7,E7,F7)","v":1000},1.7500000000000002E-2,{"$f":"D38*E38","v":17.5}]
[{"$f":"A9","v":"Term Loan A"},null,null,{"$f":"CHOOSE(TS!$P$15,B9,C9,D9,E9,F9)","v":0},1.7500000000000002E-2,0,null,"Convertible Securities"]
["Term Loan B",null,null,{"$f":"CHOOSE(TS!$P$15,B10,C10,D10,E10,F10)","v":3289.0476176725624},1.7500000000000002E-2,57.558333309269848,null,null,null,"Conversion","Conversion","New"]
["Term Loan C",null,null,{"$f":"CHOOSE(TS!$P$15,B11,C11,D11,E11,F11)","v":0},0,0,null,null,"Amount","Price","Ratio","Shares"]
["2nd Lien",null,null,{"$f":"CHOOSE(TS!$P$15,B12,C12,D12,E12,F12)","v":0},0,0,null,"Issue 1",0,0,{"$f":"IF(ISERROR(1000/J42),0,(1000/J42))","v":0},{"$f":"IF(J42<$L$20,IF(ISERROR(I42/J42),0,I42/J42),0)","v":0}]
["Senior Notes",null,null,{"$f":"CHOOSE(TS!$P$15,B13,C13,D13,E13,F13)","v":0},2.2499999999999999E-2,0,null,"Issue 2",0,0,{"$f":"IF(ISERROR(1000/J43),0,(1000/J43))","v":0},{"$f":"IF(J43<$L$20,IF(ISERROR(I43/J43),0,I43/J43),0)","v":0}]
["Senior Subordinated Notes",null,null,{"$f":"CHOOSE(TS!$P$15,B14,C14,D14,E14,F14)","v":0},2.2499999999999999E-2,0,null,"Issue 3",0,0,{"$f":"IF(ISERROR(1000/J44),0,(1000/J44))","v":0},{"$f":"IF(J44<$L$20,IF(ISERROR(I44/J44),0,I44/J44),0)","v":0}]
["Senior Bridge Facility",null,null,{"$f":"D43","v":0},0.01,0,null,"Issue 4",0,0,{"$f":"IF(ISERROR(1000/J45),0,(1000/J45))","v":0},{"$f":"IF(J45<$L$20,IF(ISERROR(I45/J45),0,I45/J45),0)","v":0}]
["Senior Subordinated Bridge Facility",null,null,{"$f":"D44","v":0},0.01,0,null,"Issue 5",0,0,{"$f":"IF(ISERROR(1000/J46),0,(1000/J46))","v":0},{"$f":"IF(J46<$L$20,IF(ISERROR(I46/J46),0,I46/J46),0)","v":0}]
["Other Financing Fees & Expenses",null,null,null,null,5,null,"Total",null,null,null,{"$f":"SUM(L42:L46)","v":0}]
["Total Financing Fees",null,null,null,null,{"$f":"SUM(F38:F47)","v":80.058333309269841}]
[]
["Amortization of Financing Fees"]
[null,null,{"$f":"IS!G5","v":"Year 1"},{"$f":"IS!H5","v":"Year 2"},{"$f":"IS!I5","v":"Year 3"},{"$f":"IS!J5","v":"Year 4"},{"$f":"IS!K5","v":"Year 5"},{"$f":"IS!L5","v":"Year 6"},{"$f":"IS!M5","v":"Year 7"},{"$f":"IS!N5","v":"Year 8"},{"$f":"IS!O5","v":"Year 9"},{"$f":"IS!P5","v":"Year 10"}]
[null,"Term",{"$f":"IS!G6","v":{"$error":"#NAME?"}},{"$f":"IS!H6","v":{"$error":"#NAME?"}},{"$f":"IS!I6","v":{"$error":"#NAME?"}},{"$f":"IS!J6","v":{"$error":"#NAME?"}},{"$f":"IS!K6","v":{"$error":"#NAME?"}},{"$f":"IS!L6","v":{"$error":"#NAME?"}},{"$f":"IS!M6","v":{"$error":"#NAME?"}},{"$f":"IS!N6","v":{"$error":"#NAME?"}},{"$f":"IS!O6","v":{"$error":"#NAME?"}},{"$f":"IS!P6","v":{"$error":"#NAME?"}}]
[{"$f":"A38","v":"Revolving Credit Facility Size"},{"$f":"DS!F20","v":6},{"$f":"IF(C$52-YEAR(TODAY())<=$B53,$F38/$B53,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[{"$f":"A39","v":"Term Loan A"},{"$f":"DS!F34","v":0},{"$f":"IF(C$52-YEAR(TODAY())<=$B54,$F39/$B54,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Term Loan B",{"$f":"DS!F48","v":9},{"$f":"IF(C$52-YEAR(TODAY())<=$B55,$F40/$B55,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Term Loan C",{"$f":"DS!F62","v":0},{"$f":"IF(C$52-YEAR(TODAY())<=$B56,$F41/$B56,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["2nd Lien",{"$f":"DS!F104","v":0},{"$f":"IF(C$52-YEAR(TODAY())<=$B57,$F42/$B57,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Senior Notes",{"$f":"DS!F116","v":0},{"$f":"IF(C$52-YEAR(TODAY())<=$B58,$F43/$B58,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Senior Subordinated Notes",{"$f":"DS!F127","v":10},{"$f":"IF(C$52-YEAR(TODAY())<=$B59,$F44/$B59,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Senior Bridge Facility",{"$f":"B58","v":0},{"$f":"IF(C$52-YEAR(TODAY())<=$B60,$F45/$B60,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Senior Subordinated Bridge Facility",{"$f":"B59","v":10},{"$f":"IF(C$52-YEAR(TODAY())<=$B61,$F46/$B61,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
[{"$f":"A47","v":"Other Financing Fees & Expenses"},{"$f":"B61","v":10},{"$f":"IF(C$52-YEAR(TODAY())<=$B62,$F47/$B62,0)","v":{"$error":"#NAME?"}},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"},{"$error":"#NAME?"}]
["Annual Amortization",null,{"$f":"IF(TS!$P$20=1,SUM(C53:C62),0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$20=1,SUM(D53:D62),0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$20=1,SUM(E53:E62),0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$20=1,SUM(F53:F62),0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$20=1,SUM(G53:G62),0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$20=1,SUM(H53:H62),0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$20=1,SUM(I53:I62),0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$20=1,SUM(J53:J62),0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$20=1,SUM(K53:K62),0)","v":{"$error":"#NAME?"}},{"$f":"IF(TS!$P$20=1,SUM(L53:L62),0)","v":{"$error":"#NAME?"}}]
[]
["Administrative Agent Fee",null,{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15},{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15},{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15},{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15},{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15},{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15},{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15},{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15},{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15},{"$f":"IF(DS!$F$18>0,0.15,0)","v":0.15}]

{"sheet":"Notes","index":28,"n_rows":1,"n_cols":2,"rows_kept":1,"cut":false,"hidden":true,"merged":[]}
["Other Claims on Assets",{"$f":"IF('A3'!L4=1,_xll.BDP('P1'!B9&\" Equity\",\"OTHER NONCUR LIABS SUB DETAILED\",\"FUND PER=Y\")+_xll.BDP('P1'!B9&\" Equity\",\"OTHER CURRENT LIABS SUB DETAILED\",\"FUND PER=Y\")-_xll.BDP('P1'!B9&\" Equity\",\"BS OTHER ASSETS DEF CHRG OTHER\",\"FUND PER=Y\")-_xll.BDP('P1'!B9&\" Equity\",\"OTHER CURRENT ASSETS DETAILED\",\"FUND PER=Y\"),-(_xll.BDP('P1'!B9&\" Equity\",\"OTHER NONCUR LIABS SUB DETAILED\",\"FUND PER=Y\")+_xll.BDP('P1'!B9&\" Equity\",\"OTHER CURRENT LIABS SUB DETAILED\",\"FUND PER=Y\")-_xll.BDP('P1'!B9&\" Equity\",\"BS OTHER ASSETS DEF CHRG OTHER\",\"FUND PER=Y\")-_xll.BDP('P1'!B9&\" Equity\",\"OTHER CURRENT ASSETS DETAILED\",\"FUND PER=Y\")))","v":{"$error":"#NAME?"}}]