Variable

Mean

Standard Deviation

Skewness

Kurtosis

Number of Shares Repurchased

1.11

0.32

2.35

3.59

Acquisitions

51.46

618.43

20.70

2267.27

Long Term Debt to Assets

0.29

14.69

174.46

35217.83

Depreciation

143.34

857.73

15.49

356.92

Dividends

79.54

496.554

16.65

571.311

Earnings Before Interest and Taxes

480.72

2805.77

13.83

332.92

Retained Earnings

987.08

7129.72

34.89

12.17

Revenue

3183.72

14753.57

12.77

253.12

Research and

Development

136.32

704.51

8.86

91.31

Cash Flow

291.09

1850.14

11.81

379.68

Debt to Assets Ratio

3.04

124.23

150.77

27891.61

Research and Development of Acquisitions

93.80

791.15

16.26

1006.61

Beta

1.05

58.37

146.73

24570.10

Negative Surprises

Binary Categorical Variable, 1 = no surprise, 2 = negative surprise

Product or Service

Binary Categorical Variable, 1 = product, 2 = service