Observational Notes on Adtran Inc. (ADTN)

Journal Entry: 30 July 2013
Adtran, Inc. Capitalization Rate
in millions except shares outstanding

Closing price: $26.29
Shares Outstanding: 59,273,597
market value of equity: $1,541.11
Debt, fair value: $47.90
Cash & Equivalents: $558.36
Enterprise Value: $1,030.65TTM EBITDA less CapEx: $33.77
Runrate EBITDA less CapEx: $41.23
Pre-tax Cap Rate: 3.62%

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