Observational Notes on Cigna Corp.
Journal entry: 16 Sept. 2013

Cigna Corp. Capitalization Rate
in millions except shares outstanding
Shares Outstanding: 282,839,284
Market value of equity: $23,659 M
Debt: $5,183 M
Cash & Equivalents: $5,419 M
Enterprise Value: $23,423 M
EBITDA less CapEx: $2,358 M
Pre-tax Cap Rate: 10.07%
From 2009 to 2012
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